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financial/
xmtk
HUNT'S MERCHANTS' MAGAZINE.
BKPRESKNTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
VOL.
SATURDAY. JANUARY
62.
hundred and
in Adrance:
$10 20
For One Year (IneludinK
For
8U
pointage)
do.
Moiittks
NO.
1891.
dred and forty millions of dollars
%\xt ^hxoxxxclt.
Terms of Subscription— Payable
3.
6 10
fifty-flve millions is at
is
1,332.
recorded, of which one
New
York.
Instituting comparison with the corresponding week of last
year (which also embraced but five business days), we find
that there is a decline in the aggregate for the whole country
of 13'6 per cent and New York records a decrease of 19'9 per
Losses are reported at twenty-three cities, the most
cent.
important declines other than at New York being at Birmingham, 36-4 percent; Wichita, 19-6; Pittsburg, 16-4; Boston, 14-9,
and Baltimore, 14-2 per cent. Most prominent in percentage
of increase this week are Galveston, 154'4 per cent; Buffalo,
11 50
European Sul)»cription (including postaKe)
European Subscription Six Months (Including postage).
6 75
£2 8s.
Annual BubBCription in London (including; postage)
do.
do.
£198.
do.
Six Mos.
These prices include the Investors' Sdi-plement, of 150 pafres, 68-9; Loa Angeles, 48; Seattle, 46-7; Milwaukee,
43-2, and
Issued oiioe in two months, and furnished without extra charge to
Tacoma, 33'5 per cent.
gabscrilieiB of the Chrosii:i-e.
A flie cover is furnished at 50 cents; postage on the same is 18
Week Endint December 27.
VTuk End't Dec. aO.
cents. Volumes bound for subscribers at $1 00.
Subscriptions will be continued until definitely ordered stopped. The
1880.
1889.
1890.
P.OmK.
P. Cen«.
publishers cannot be resimnsible for remittances unless made by drafts
°
or Post Oflice
money
orders.
485.524,337
Terms of
Sales of—
iStockt
Adrertisiner.
Advertisements ordered for less than one month, in the Commercial
A Financial Chronicle, are published at 25 cents per line each insertion. When orders are definitely given for one mouth or longer, a liberal discount is allowed, and the net pricen maybe obtained on application at the office. The lov^est rates on permanent cards definitely ordered for one year are 8 cents per line each insertion, making $58 for
one inch space one year. Space is measured in agate type— 14 lines to
thares.1
bales.)
[Ootton
tnuhels.)
bbU.)
{Grain
{PstroUxm
Messrs.
(1.596,0X1)
(-616)
68,393,155
^.TOO.SOO
1.635.023
-14-9
-8-3
680.770
324.740
80.368,213
6,121,800
1,508,266
1.039.908
960.825
075.436
9S4.020
686.472
4SU.848
-0-9
-24-7
l.iMO.549
1.128.718
1.8»4.007
747.373
431.453
79,738,303
91,974.788
-13-S
106,074,349
66,120,637
10,502,074
10,^68,980
6,474,387
61.805,678
12,665,110
11,96»,81T
3,833,643
-9-2
—18-4
-14-8
66.370.111
1,3)15,490
1,261,63!
717,608
004,396
1,149,711
629,577
674,892
86,008,512
92,730,052
-7-2
103.749.668
66,003.098
9,57B.B60
59,609.193
9,798,000
-t-10-7
7.U8.I55
4.U70A78
79.085.974
13.025.100
9.012.983
4.654.783
4.7B1.0S7
1,«46,7«»
1,594,58»
623,480
4,037,381
4,243,645
2,674.200
1,618,631
1,845.537
581.194
08,462,338
13,867,897
1,500.107
1,030,431
1.048.4711
987.87ii
96B.688
1,008.798
Smith, 1 Drapers' Oardens, E. C, will talce sub
and advertisements and supply single copies of the paper at
Total
NEW
T.
New
England...
Phtladel ohla
PlttsbarK
WUmlnKlon. Del
CLEARING HOUSE RETURNS.
Rochester*
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
Cincinnati
United States for the week ending to-day, January 3, have Milwaukee
been $1,010,772,286, against $847,650,314 last
$1,226,597,433 the corresponding week last year.
week
and
CleTeland
!!,485,800
Peoria
QraodRapldB
Wetk BndinQ January
Clearthos.
tyv TeUgrapK
Bttam$
1891.
RewToTk
t41B,e80,214
77.023,309
48,145,826
3.
ToUl Middle Weateni
1890.
San Francl80o«
Portland
Ohloago
St. Lools
63,017,000
New Orleans
10,037,J4d
$631,460,084
103,733,617
55,696,076
14,026,006
53,650,000
14,780,730
11,018,214
$629,873,353
119,411,614
$884,362,727
117.418,311
-28-8
$746,284,967
261,487,319
$1,001,781,0.18
-26-2
$1,010.772,286
$1,226,597,433
Boston
Philadelphia
Baltimore
9,835,t!98
15,13!t,760
Seven cities, S days
Other cities, S days
--33,'>
-25-7
-ISfl
-29-9
—1-2
Lane City*
Total Paoiflc
Minneapolis
Paul
St.
-t-1-7
Dniuth
Joseph
St.
Total all cities, 6 days..
AUoltles, 1 day
Total all oltleg for week...
The
full details
of clearings for the
224,816,395
-H63
week covered by
above statement will be given next Saturday.
We
the
cannot, of
Des Moines
..
Wichita
Topeka
Total other Western..
St. liOnli
New
Orleans
bank clearings being made up by Lonlsvllle
Memphis....
various
the
clearing houses at noon on Saturday, and hence in Richmond
the above the last twenty-four hours of the week have to be Qalveston
NashTillo
in all cases estimated, as we go to press Friday night. Below Dallas
Fort Worth
course, furnish
them
to-day,
are our usual detailed figures for the previous week, that is
covermg the returns for the period ending with Saturday
Norfolk
CfaaltanooKa
noon December
Iloiistou*
with the comparative totals in 1889.
The occurrence of a close holiday (Christmas) in the week
covered by the subjoined statement has served to materially
reduce the volume of clearings, and a further falling off has
rwulted through the comparative dulness in speculative circles,
The result is that a loss from the previous week of two hun27,
-(-1-9
-I-68-9
-f 5 1
•fl4-0
-10-4
-2-3
-MH-8
fl5-3
-(-12-a
—71
+»i
1316.721
11315,246
13,015.532
8.209 .865
1.4S7.031
912.46U
938,304
(-18-0)
(-78-7)
--6*4
—<r3
— 16-4
W?
—14-6
+6-8
K-a
-40
—io-»
—6-«
—17-3
-(-96-9
-H9-6
+1-8
-i-l9-9
6,6W,S28
&,t34.290
2,92f.500
1.921.8^
-6-8
-t-ll-S
-f8-0
-(-85-2
-(-14-1
-(-8-9
—4-7
-7-8
1.768.444
-(-8T0
-t-7-2
864.532
-(-20-7
68,778,567
-H09
120,203,578
•l-lS-9
13,310,318
1,628.061
-i-1-2
18.886.181
+1T1
-1-4
17,928,486
16,662,9«2
7,479.995
6.716.806
».»03.714
3.488.691
8.475.974
1.673.811
1,»00.000
773,b42
623.066
406.54S
7,7.18.867
+7 6
-38
-^S35
4.459.534
-(•28-2
3.H96.9.12
-(-2
3,tl<>9,716
—10 3
8,360,438
1,541,066
1,124,001
635ji70
528.764
605,218
460vUl
9
+8-8
1388.755
-0-8
fil;4
961.026
911.469
689,951
1,847,360
-faoD
23.120362
•H6-0
8,726.818
6,600.590
4.122.186
-18-8
4.13-<,391
4,.!12,064
l,90l,09«
1312,618
-t-a4-8
-0^
•fT-l
—ra
-6-1
-0-9
-1-18-6
-1-18-1
•+21-7
H-O-l
1,086,144
—10-1
—7-7
679,8-»l
tu
619,21n
408,967
-f-lS-l
-f-lS-6
-1-0
—19-6
efii),e5o
405.082
3M».3Wi
389,14!)
29,405,929
88,310,678
+8-9
34,048,265
17,808,536
13,066,867
6,572,47«
2,907,838
1,A42,80K
3.710.798
1.648.106
948.03B
675.S17
16.686.407
11,913,4X6
6.305,888
3,066.961
1,807,007
1,468,694
1,58«.78«
873,449
--7-7
81,878.746
14.819,760
488,8511
OaUldc New fork
6.195.900
1.795.227
(-(-20*3)
-I-18-4
+**
tfO
-4-2
-9-1
6.864,88«»
8.753.607
2.04H.099
-I-164-4
4.IH1.S.063
+3-9
-<-o-i
898,2tt4
l,l<91,«86
-83
-83
1.985.292
1.096.512
380,000
717,649
361.990
-t-14S
1.293.815
481.000
-26-4
-t-ir»
754.1.01
-l-s-»
-5-7
—1-8
-ra
—ri
f94-6
-HB-1
-88-*
—19-1
639.657
6«;347
-H6-S
9.Sua,S«6
9,130,866
all
91.93'<.40l
(-88-7)
1,471333
-H80
4SH.6UO
50,S83,40«
45,037,488
-no-i
60,119,567
+9-1
847,660.814
970.887.619
-18^
t,0S7.6»8.eM
868,188,977
364394,563
-0-6
446.818,808
-81
-M«
ToUl Sontbsm
Notlnoladwl
^1
-0-9
406342
BirmlnBham
'
-I-8-4
-(-48 7
1,065.)!6I
I.flxlnsrton..
Total
-46-6,
1,249,614
-1-2-4
-8-9
(
708.642
621.733
829,846
601,216
Salt
(901.548)
(317,000:
(13,791,8801
1674,000)
(123.800) (-H344-81
(7W.000!
t
nA»i C'WIIil.IAHI B. DANA Sc Co., Publishers,
YORK.
10* William Street,
TJSi
1
*OHK „
FLOTD.
O. J'AviV
^
p
OFFICE BoX 958
WITTT11K
840,7)1,281
(-601
(19.772..150)
Edwards &
aoriptlons
Is. each.
-19^
(4«6.47fl)
(549,800)
(10.1B8.»46:
tiie inch.
Ijondon Asents
s
606.992.959
;
3
la totals.
THE CHRONK^LE.
[Vol. Lll.
netted a small gain, so that the banks in their statement to be made public to-day Avill no doubt record a
THE FINANCIAL SITUATION.
importance in itself,
Year opens under conditions of a much loss. But that fact is of no great
we may assume,
not,
does
to
movement
as the Treasury
more promiging character than most people dared
made yesof
$3,100,000
payment
failures
interest
the
include
hope a month ago it would open. To be sure
to
the
interior
sent
amount
be
the
much
of
may
and
likely
terday,
are still a frequent occurrence and very
largely
to
near-by
movement
they
customary
time
is
a
this
week
this
to
up
more numerous during January; but
first of January payfor
of
preparations
standing
making
cities
for
the
either
have not been conspicuous
During the next two or three weeks the intethe Orms or the calamitous nature of the results. ments.
York and our
Besides that, the disasters have been scattered through rior movement ought to be towards New
The New
no more abundant in one than reserves be thereby further replenished. Until this
hardly be
in another, showing that although the money strain has result is reached, however, the banks will
of
incapable
lenders.
very free
been remarkably severe, it has been
departany
This week's money market has proved a gratifying
in
insolvency
general
discloeing
as
a
It was anticipated that there would
months
disappointment.
three
last
ment of trade. Taking the
made
figures
or less severity connected with the
more
Co.'s
spasm
of
&
a
Dun
be
by
G.
R.
we
also
see
whole
On
public yesterday that in number the total is only 3,320, preparations for the first of January payments.
against 3,003 for the same months of 1889 and 3,129 the contrary the market has not been as active as it
During usually is towards the close of the year. There has been
for the corresponding months of 1888.
the whole of that portion of the year just closed the a good supply of bankers' balances at the Stock ExTlie banks and trust companies have lent very
difficulty in procuring loans has been very serious, and for change.
only
pressure
the
surpassed,
this
way, for they have needed their funds for
little in
much of the time hardly ever
For interest and dividend disbursements. But bankers and
lifting measurably towards the end of December.
Consethe purpose of showing the gradually increasing efiect foreign houses were liberal lenders on call.
of this continued strain upon those engaged in business, quently, although the demand was almost daily suffiwe liave prepared the subjoined statement from R. G. cient to carry the rate to 8 and 9 per cent, the ollerings
Dun & Co.'s weekly circulars indicating approximately later in the day were liberal enough to cause a
the disasters each month of the last quarter of 1890 decline to 3 per cent
for the week the average was
and 1889. We appe'nd also the totals for the three pre- probably not more than five per cent, at which renewtIoub quarters.
The minimum of banks and trukt
als were made.
-yttmber.
call
money continues at G per cent.
for
Yaiturt*—
1889. companies
1800.
Oetolier
895 There have also been more liberal offerings of time
860
all
industries,
;
November
930
963
Decembw
1,53(5
1,145
Total nnmber, fourtb quarter
to September, Inclusive
TotaUsnoary
3,326
T,531
3,003
7,879
The quotation
money.
to six
is still
6 per cent for
months; but the demand
is
from four
not urgent, as bor-
the January
Out of
and dividend payments are made.
town banks are now in the market for mercantile notes,
and they are buying quite freely. The supply of paper
is not excessive, the necessities of merchants appearing
rowers are expecting lower rates after
interest
10,907
These
to the
figures
first
show the progress
of the struggle.
10,882
Up
of October the year's results indicated,
what every other item of proof confirmed, that the not to be great. Lower rates are consequently looked
nine months of 1890 had been more prosperous than for.
Quotations are 7 per cent for sixty to ninety
the same months of 1889. Both in number of failures day endorsed bills receivable, 7@8 per cent for
and in average liabilities 1890 gave the smaller totals, four months' commission house names, and 8@8i per
although the number of firms in business had increased cent for good single paper having from four to six
from 1,051,140 to 1,110,590.
In fact it was not until months to run.
the very last month {December)that the money pressure
At London the rates for money ruled somewhat higher
had accumulated sufficient force to reverse this aspect this week until yesterday.
On Wednesday disin the year's business by bringing disaster to the least counts of sixty to ninety day bank bills were up to
conservative and more expanded traders in the various
4i@4i per cent. Yesterday, however, they were madepartments of business.
terially lower, being reported by cable at 3i per cent.
We shall analyze these failure records more at large Very likely this change was due to the better statement
another week. This brief reference to them, however, of the Bank of England.
It will be remembered that
encourages the idea that with easier money the weed- last week there was a loss in bullion of one million
ing-out process, which had.begun under the severe trial pounds sterling. This week the
Bank reports a gain of
through which trading classes have been compelled to £128,000. According to a special cable
to us this gain
pass, will be arrested.
As bearing upon the future of is the result of imports from Australia and Portugal of
money, it is to be said that the year 1890 began with a £286,000, of receipts from the interior of
Great Britain
total of legal tenders and gold in the Now York asso- of
£37,000 and of exports to Germany and the Argenciated banks of $104,169,100 ; the last return of the tine Republic of
£195,000.
The open market rate for
year (December 27, 1890) gave the aggregate as money at Paris is
3 per cent, at Berlin 4f, and at
•103,237,500, or a loss of about a million dollars. As Frankfort 4^ per cent.
the deposits were 127,603,100 less at the close than at
Our foreign exchange market was dull early in the
the beginning of the year, the surplus reserve reported week, but has
latterly been strong and higher.
There
at the latest date was 17,725,175, against $1,756,000 has been some
demand for remittance, and besides this
the beginning of that year. These few figures indicate there has been
buying by persons who think that at
that although the banks are now in a safe condition the prevailing
figures sterling is low enough to waragain, very \ov rates for money are not by any means rant
purchases for investment.
The supply of bills is
assured as jet.
Even this week the interior movement not over abundant, while the arbitrage
operations have
has been against this city and the Treasury has also most of the
time been against this city. On Monday
I
1
Jamuaky
8,
THE CHRONICLK
18b 1.
iu rates by tlic ations of the Shenandoah Valley and the Seioto Valley
Canadian banks, but otherwise no imiiortant changes for the time that they have been in the control of the
occurred till yesterday, when all the bankers advanced Norfolk & Western, the results for the corresponding
their asking prices, the quotations at the close being periods in 1889 also being added in, eo as to make the
comparison correct. Computed in tin's way it is found
4 80i for GO day bills and 4 84.J@4 85 for demand.
We have had some more returns of net earnings that gross earnings for the eleven months increased
this week for the month of November, and' while a 11,045,541 and net earnings nearly half that amount, or
good many, in fact most of them, make unfavorable $496,541. On the other hand, the Central of (Jeorgia is
comjMirisons with last year, it is significant that on the still spending large amounts for betterments and improvewhole the characteristics revealed are the same as ments, and thus, though having increased its November
In other words, gross $47,756, lost $82,455 in net. The Louisville &
noticed in previous similar exhibits.
the loss in net earnings, as a rule, comes after a gain Nashville, with $80,350 increase in gross, has lost $42,-
and Tuesday there were reductiona
The Florida Central & Peninsular reports for
October $7,754 increase in gross and $4,278 in net.
Some further estimates of the amount of new track
we see the need there was for the effort making to im- laid during the year 1890 have made their appearance
prove the rate situation through an agreement among this week. The Engineering News of this city has
Perhaps the most conspicuous apparently revised its total of last week, and now
the Railway Presidents.
in gross receipts, indicating that the difficulty
is
not in
161 in net.
a lack of traffic but in the inability to obtain rates
In that also
yielding a satisfactory margin of profit.
tendency of net earnings to decline reports 5,981 miles of new road built. On the other
is found in the
hand, the Raihvatj Age makes the total even larger
That company in its pre- than this, or 6,081 miles, though the'Jdifference is not
case of the Union Pacific.
/iminary statement for November shows a gain of very great. In round numbers, therefore, 6,000 miles
|s270,G14 in gross earnings, but a decrease of $164,240 were added to the railroad system of the country during
ia net earnings. For the eleven months with an ad- the late year. In 1889, according'^to the Age, only
illustration of the
in the face of increasing gross receipts,
dition of $3,750,117 to gross
receipts,
net receipts
5,200 miles were built, showing that
— $947,830.
struction
new
railroad con-
during 1890 was somewhat more active
The Chicago Burlington & Quincy for November than during the year preceding. The Southern
«iiakes a very much
are unusubetter exhibit
that is, with States,
week,
out last
as pointed
a loss of $94,897
In Georgia 375
in
gross
receipts for the ally prominent for new work.
mouth, the management succeeded in reducing ex miles were added, in North Carolina 309 miles, in Virpenses $57,263, making the loss in net only $37,634. ginia 228 miles, in Alabama 254 miles, in Kentucky
For the eleven months, however, with an increase of 222 miles, in Texas 253 miles, in Missouri 193 miles,
$1,447,014 in gross receipts, expenses have in- in Arkansas 137 miles, in Louisiana 146 miles, in
creased nearly as much, leaving a gain in net of Tennessee 164 miles, in South Carolina 153 miles, in
only $2,112. The Canadian Pacific on the other hand Mississippi 82 miles, and in Florida 73 miles, or a total
has improved on the returns for the months immedi- of 2,589.
The figures of the Engineering News
ately preceding, and for November reports $150,490 vary somewhat from those here given in the case of the
gain in gross and $60,287 in net.
The Iowa Central separate States, but there is no disagreement as to the
have
fallen
nearly a million
off
dollars
—
same month has an increase
for the
and an
increase in net of
$4,010.
in gross of $7,548
The Kansas
City
Fort Scott & Gulf, however, has a decrease of $11,712
in gross and of $8,558 in net.
The
in
a
New
York
different
Lake
section
though having gained $35,254
62,938 in
net.
in
gross earnings, loses
The Cleveland Cincinnati Chicago &
St.
Louis, or Big Four system, also shows the same general
having increased its gross $9,503 and diminits
net $31,335.
of the total for the
The two papers
whole country.
also in accord in crediting the
North
are
Pacific States with
—
new mileage the Age reporting
Erie
& Western is 421 miles for Montana and 341 for^Washington.
the
of
country,
but
The St. Louis Alton & Terre Haute having sold its
results,
ished
point that the South has furnished a very large part
The Northern
Central,
with
heavy amounts of
line to the Cleveland Cincinnati Chicago & St.
Louis for a certain amount of the latter's bonds, now
submits a proposition for using a part of these bonds in
retiring its preferred stock
or rather so much of the
main
—
stock as the bonds available for this purpose will suf-
The plan of the management has been
enough bonds out of the total recsived from
crease in
the Big Four Company to provide for the outstanding
& Ogdcnsburg, in connection with its annual report prior lien bonds, all of which mature in 1894, and to ns«
for the year ending June 30, 1890, has issued a state- the remainder in the way now proposed.
The pra*^
ment (in part estimated) of the results of operations ferred stock of the Alton & Terre Haute is
for the six months ending December 31, 1890. It shows cumulative, and carries 37^ per cent of back interbut slight changes from the results for the correspond- est. The proposition is to give holders 150 per cent in
ing period in 1889— a gain of $25,768 in gross and a bonds for the principal of their stock with all arrears
decrease of $9,596 in net. The Mexican Central, which of interest. As the bonds to be given in exchange are
has only just issued its October statement, reports well secured, the offer will no doubt be regarded as a
$6,018 increase in gross and $23,053 increase in net.
very tempting one, for under it holders will get fixed
From the South we have some quite encouraging and regular returns, where now they get only variable
exhibits, though even here there is more or less irregu- and irregular returns, though, as said, the interest is
larity.
The Chesapeake & Ohio for November has cumulative. On the other hand, the exchange is in
enlarged its gross $110,665 and its net $46,183, while one sense at least advantageous also to the cjmpany,
the Norfolk & Western for the same month added $99,- since while on the preferred stock as it stands the com255 to its gross and $43,683 to its net. The latter com- pany is bound for a total of 7 per cent, the payment
pany has also issued a* revised statement for the eleven on the bonds will be equivalent to only 6 per cent, thus
months ending November 30, so as to include the oper- ensuring a saving of one per cent per year.
gross enlarged
$11,849.
$7,990,
reports a falling off in net of
The Baltimore & Potomac has $1,678 ingross and $699 in net.
The Rome Watertown
fice to
take up.
to set aside
»
1
THE CHKONICLE.
more activity
of the market has- very
Our Stock Exchange has shown a
this week,
and the tone
In
improved.
appears to have manifested
decidedly
little
tendency
rising
a
fact,
itself all through the list,
quite a buoyant aspect.
market
had
and yesterday the
moved upward on
have
stocks
coal
anthracite
The
reports of an improved condition of the coal trade as
a result of the colder weather which has thus far
prevailed the present winter, while the general market
has advanced as the result of easier money and considerable buying both for investment and speculative
The granger stocks have perhaps shown less
account.
strength than others being affected by the trouble
—
[Vol.
LII]
ARRAIGNING THE RAILROADS.
which the railroads have experienced
seems almost incredible that any
person having a fair knowledge of current events should
charge that Western railroads are thriving at the expense of the general public. Yet the Attorney-General of the State of Nebraska has within a few days
made a charge of that nature. In his report to the
Governor of the State he bitterly assails railroad corporations and railroad management, and advocates
very radical and harsh treatment of transportation
After the
trials
in recent periods,
it
interests.
The press accounts^of the Attorney-General's report
with regard to the use of the Omaha bridge between the
speak
of his having handled the transportation quesUnion Pacific, the St. Paul and the Rock Island but
tion
gloves." A more accurate characteriza"without
even these stocks could not resist the upward tendency
tion
would
be
to say that he had handled it without
have risen with the rest of the market. The fail-
—
and
only very vague and general allegaure of Bateman & Co. early in the week had only a facts, for he makes
tions and adduces no proof in support of the allegations.
The
effect
on
prices.
temporary
the
course
of
very
He simply repeats the old stock accusations against the
close yesterday was strong at or near the best figures.
and on these he proceeds to make a plea for
Government
ownership. Such terms as "trusts," "monlected by us, shows the week's receipts and shipments
"combinations^"
opolies,"
abound in the report, and
of currency and gold by the New York banks.
everything in any way connected with the present system
Wttk BHMno January 3, 1891.
Received ^v '^Shipped by
Net Interior
of management is unsparingly denounced. He declares
Movement.
JV.r. BarUa. N. T. nanka.
Camucj.
$2,191,000 $2,640,000 Losa. $349,000 that the present law in Nebraska should be changed,
QtUL
300,000
l,46S,O0O Loss. 1,165.000 that
a maximum schedule of rates should be fixed by
TBUl gold and leg! tendera
$2.491,00QJ $4,005,000 Loa».$1.5i4.000 the Legislature upon the same low basis
as in neighborWith the Sub-Treasury operations the result IS as ing States, that the United States Government shoulcP
below.
foreclose its lien on the Union Pacific and take immediate possession of that property, and furthermore
WtA EnUng January 3, 1891.
Into
Out of
Net Ckan^in
Banks.
Bankr.
Bank Holdingf.
that there is but one remedy for relieving the people
B«nka*lateriormoTement,aa above "$2,491,000 $4,005,000 LOS8.$1,6U,000 from the
oppression imposed by existing conditions,
Bal>-Traaaiir7 operationa ..._...
9,200,000
9,300,000 Loss.
100,000
" and that is for the Government to assume control of
Total gold and ingti tender*..
iiTiegi.obo $13, 30S,000lLoaB.$ 614^000
The following table indicates the amount of bullion "all the railroads in America." For "unless those
" gigantic monopolies are checked in their mad race for
in the principal European banks this week, and at the
" wealth and power, the day is not far distant when
corresponding date last year.
"the people will be bound hand and foot."
Jafluortf 1, 1891.
January 1890.
All this has a very familiar sound and there would
Ootd.
aUver.
Totol.
OoM.
SUvtr.
Total.
be no reason for referring to it except that in the
The
following statement,
made up from
returns col-
railroads,
1
1.
2,
Oarmasy*....
Aost.-Uan'y.
£
£
£
23,4M427
23.4<S,127
17,782,374
48,040.000 49,848,000
94.888.000
SS.OfiO.OOO 13,026,000
8B,076,0«0
60,464,000:49,691,000 100,156,000
24,485.333112,242,687 36,728.000
6.412,000 10,547,000
21,959.000
Netherlands..
:i,Z4e,ooo
6,440,000
8,ea%,ooo
Hat.Belglnm*
2JI64.000
1.377,000
4,131,000
£
£
6,444,000'lB,225,000 21,669.000
6,068,000 8,029,0001 11,097,000
2,727,000 1,364,000
4,091,000
Tot. thla week 10».»97,1«7 88.237,000 192,204,127 105.970,707 85,561,667 191,522,374
Tot. preT. w'k 106.0e8..^08 80.071..333 191.139,842 107.648,867 88.464,333 194 ,103,190
• The dtrlglon (between gold and sUrer) given In our
table or coin and
bulUon In the Bank of Oermany and the Bank of Belslum Is made from
beat e«tlmate we are able to obtain; in neither case is It claimed
t"
be aoeurate, as those banks make no dlatlnotloa In their weekly returns
merely reporting the total gold and sUver, bnt we believe the
division
we make la a close approximation.
111*
J'OT*-— WereoeivetheforegolngresBlts weeklybyoable.and
while not
•Uof the date given at the head of the oolamn, they are the return
iMoed neareet to that date— that Is. the latest reported ttgnres.
The Assay Office paid |$158,045, through the SubTreasury for domestic bullion during the week, and
the
Assistant Treasurer received the following
from the
Cnstom House.
0<mtl$ti)tg
of—
J>uUt$.
V.8.
Gold
SUttr OtT.
notet.
Oertifle't.
tifUatei.
Oold.
•208,861
188,170
591,240
782,780
617,060
4S
56
«22S
3S5
26
1,005
61
4.160
08
995
...Holiday
}3,550
5,850
11,300
15,830
10,150
«17,170
15,450
34,470
68,200
88,300
present instance
it is
17,782,374
»3.700
3,4.10
6.250
8,700
10,150
so easy to refute the special charge
which Mr. Leese makes, namely that the railroads are
exacting large returns on excessive amounts of capital,
and that the public are called upon to bear very
onerous burdens as a result of that policy.
But before
taking up that question it may be well to refer to one or
two other points in Mr. Leese's report.
to be particularly concerned about the
Mr. Leese seems
power and influ-
ence of the transportation interests as now constituted.
"Experience has fully demonstrated,'' he says, "that
"the
railroad corporations are too powerful in their
"inflnen-.o and too corrupt in their methods for the
" peopie to expeet much relief from rates or unjust
"discriminations."
Besides his duties as Attorney
Leese is also a member of the Nebraska
Board of Transportation, which is charged with supervision of the railroads in the State.
Now, while we
have not the pleasure of a personal acquaintance with
our legal friend, we are perfectly willing to admit that
General, Mr.
he himself has been proof against the insidious influ" corrupt methods " of railroad corporations.
ence and
May we
not also assume that this influence and these
methods, which furnish the basis of Mr. Leese's attack,
have not even played a part in the affairs of
Nebraska
had
they
would
have
come
to the
Included in the above payments were
tl.llOin silver Attorney-General's notice
as a member of the Board of
coin, chiefly standard dollars;
$25,505 in new Treasury Transportation,
and ho would thus be able to point to
notes and #2,005,368 61 in checks
drawn against gold specific instances of
Hotel.
C2.389.21 2 86
t6.83ol
deposited in the Sub-Treasury.
M6.700
•223 ..%»o
*32
2.iO
roads,
for if they
offending in that respect, citing
names, dates and places. The fact that
he furnishes no
January
THE CHEONICLE.
8, 1891.1
evidence of that kind, but contents himself with very
vugue genoml stutoments, must be accepted as proof
that ho has no such evidence, since with the feeling of
Those
all points in Nebraska and Kansas.
were adopted solely with a view to help the farming
The truth is,
industry in the then existing depression.
applied to
tariffs
enmity that he displays against the roads ho would bo the decrease in rates has been so large and general and
is not
sure to disclose the evidence and thus seek to strengthen has been going on so long that if the movement
speedily checked, something a great deal worse than a
his case.
But Mr.
licese also
has other grievances.
The
Attor-
general suspension of dividends will be in prospect for
—
become a question whether they
ney-General is very strongly opposed to the plan for
extending the Pacific Railroad debt, and is very
emphatic in expressing his dislike of the plan, lie
Western roads
report he called the attention of His Excellency, the
Governor, to the plan in question, but that His Excel-
the whole West which gives its stockholders as much as
that, namely the Chicago & Alton, and that pays on a
it
will
can continue to meet their interest charges.
In regard to the statement that the roads are making 8
unbusinesscent dividends on stock that cost them nothing, &c.,
most
per
be
the
would
stop
declares that such a
country.
is any road in Nebraska to-day which is paying
civilized
there
in
a
if
known
ever
transaction
like
Somehow the rest of mankind does not seem to share 8 per cent dividends, we should be pleased to have Mr,
As a matter of fact
lie Leese give us the name of it.
his view, and naturally Mr. Leese is disturbed,
takes pains to mention that in his previous biennial among the more prominent roads there is only one in
lency criticised his views and "refused to concur relatively small amount of stock which has never been
" therein." He also states that last January he brought watered. The Union Pacific has not made a dividend
to the notice of the Attorney-General of the United for six years; the St. Paul also pays nothing now on its
States the Union Pacific's "many violations of tiie common stock, and the Atchison likewise is on the non-
—
no purpose" from which we infer
with him. Then, too,
on matters coming up before the State Board of Transportation, Mr. Leese's colleagues on the Board " could
"law," but "all
that that
to
official also differed
dividend-paying list. The Rock Island, the Omaha preferred and the Missouri Pacific pay only 4 per cent,
against much higher rates formerly. Even such a staunch
old property as the Burlington &Qumcy is paying but
"not or would not view the question as I (he) did." 5 per cent now, against 8 per cent formerly. These
Evidently Mr. Leese has had a very hard time of it, general cases show the existing tendency very clearly.
struggling all alone with no one to help him or' appre- But the Attorney-General would doubtless claim that
the dividends mentioned represent returns on an inciate his efforts.
Ordinarily it is very
Passing all this by, however, let us turn now to the flated or watered capitalization.
this
kind, since the queseasily
controallegations
of
is
so
meet
main charge, which, as said above,
difficult to
Mr. Leese says that the carriers make no effort
and that the rates
charged to-day " are large enough to yield a dividend,
" amounting in some cases to 8 per cent on stock that cost
" the stockholders nothing whatever but for the print" ing, and the officers of these roads use every effort
" and strain every point to have the stockholders of
" their roads receive their annual dividends, and they
" have to do this to hold their jobs." All it is necessary
to say in reply to the latter part of this statement is,
that if that is the effort, the managers are not very
successful.
It is a notorious fact that the roads have
been earning less and less for their stockholders, and
in many cases dividends have had to be suspended
altogether.
Moreover, the inference that the Western
Tcrted.
tion at issue involves a variety of
"
the determination of a
to lighten the burdens of the people,"
railroads have experienced a period of great prosperity
It so
number
of
considerations and
complex elements.
happens, however, that in the present instancefigures to show what some of the roads are
we have
not on their nominal capital but on their
and the evidence comes from the Attorney-General's own State and from the Railroad Board
Early in the current year
of which he is a member.
earning,
actual cash cost,
the Nebraska Board of Transportation had an investigation made into this subject evidently with the ex-
—
pectation of finding that earnings on the
would be shown
to be large
enough
money invested
to warrant a reduc-
The result of that investigation was reported in the Northwestern Railroader and referred to at
tion in rates.
In
length in an article in our issue of September 6th.
Board found that the Union Pacific leased
brief the
lines in Nebraska on 750 miles of road earned less than
than ever before, but they 2 per cent on a basis of only $15,000 per mile.
have had to do it at dwindling profits. The great de- The Burlington & Quincy on 391 miles of main line
cline in railroad securities of all classes, the loss of earned as much as 10*1 per cent, but solely because such
confidence in the same leading to the late crisis, to- line formed part of an important through route ; on
gether with the efforts now making to improve the one piece of 180 miles earnings were only 3 "07 per cent,
situation, are convincing evidence that the carrying on another of 115 miles 2-5 per cent, on a piece of 463
interest, so far from having enjoyed a period of prosper- miles 2-7 per cent, on one of 525 miles 2*03 per cent,
ity, has come very close to having a period of adversity. and on one of 241 miles only 1-1 per cent.
On the St]
As to the roads making no effort "to lighten the Paul & Omaha the earnings were 2-3 per cent on 241
burdens of the people," such facts as these show how miles. These are the results as determined by Mr.
baseless the assertion is, as does the further fact that Leese's own Board, and whose labors he is supposed in
rates have been almost uninterruptedly reduced for a part at least to guide and direct, even if the actual
very long time, as every railroad report will show. work devolves upon the secretaries appointed by the
These reductions may not always have been the result Board. We are justified in assuming that if there was
of the voluntary action of the companies, having been any errors in the calculations above the Attorney-Genin part the outgrowth of competition and other circum- eral, by reason of his position on the Board, would have
stances, but shippers and producers have got the bene- been quick to discover them and point them out.
fit of the reductions all the same.
Moreover, if a specific
But if present rates yield only such small returns on
instance is wanted where the railroads undertook to re* cost, what will be the effect of reducing the rates still
lieve the producer, we might refer to the emergency further?
Suppose the roads in the hands of the Govtariffs on corn put into effect last February, and which ernment and the reductions made as contemplated bj
is
wholly unwarranted.
a larger volume of
They have certainly been doing
traffic
.
THE CHRONICXE.
Mr. Leese
— what then?
A deficit
[7. L. LI I.
would be inevitable. previous largest aggregate in a single twelve-months.
But with the roads owned by the Government this de- Having stated these facts, the reasons explaining them
Are the people of hardly need to be told. With railroad building in 1890
ficit could only be met by taxation.
Nebraska and of other States prepared to face such a on a comparatively moderate scale, such a vast amount of
contingency that is, are they willing to see their taxes new securities as we now see have been listed could
increased for the purpose in question? And of course have emanated only from companies recently reorgannew roads would have to be provided for in the same ized or from those, which, having secured extensive in-
—
way: the people would have to make provision to build
the lines, to run them, and to tide them over to the
time when they became self-sustaining. How much
further new mileage would the Western communities
get under such a scheme? Evidently very little, if any.
But
if
the work of providing
new
railroad mileage
terests
in
other railroad properties,
creased their
own
have lately in-
capitalization to represent the cost
involved.
Both these sources have in fact supplied a
remarkable amount of investment and speculative material (vithin tlie year.
already given,
As
learned from the table
is
only 198 millions of bonds, a
sum
less
in the more remote sections of the
West should be than in any year since 1888, were of the class included
checked, industrial development itself would be checked by us in the really "new issues," the remainder being
and general growth and progress be interrupted.
mainly bonds produced by companies such as we have
mentioned, in order to retire securities heretofore in
For this purpose alone over
IN 1890.
381 millions of the year's listings were employed 60
While 1890 was not noted for new railroad construc- per cent more than in any other year within our
tion, the total of the securities admitted
to deal- knowledge.
ings at the New York Stock Exchange surpasses the
The year 1890, indeed., in financial circles was in few
total of any other year in our record.
respects
more notable than for the successful reorganiIndeed it is safe
LISTINGS ON THE
NEW YORK STOCK
the hands of the public.
—
EXCHANGE
to say
—
any year in the his- zation of great railroad companies companies either
For bonds the gross aggregate insolvent, or reorganizing like the Atchison to avoid
reaches nearly 685 millions, for stocks 438 millions. It insolvency.
The St. Louis Arkansas & Texas, with a
should be said at once, however, that this includes over mileage of over 1,200 miles, is at the moment just on
it is
far in excess of that for
tory of the Exchange.
*98i millions of New York City bonds listed on the last
day of the year,
The total funded indebtedness of the railroads of the
United States on January 1, 1890, was by one authority put at something over 4,828 millions of dollars, and
making a fresh start as the St. Louis
Southwestern and within a few days the new securities
of the Houston & Texas Central, reorganized, will be
ready for distribution. But besides these the following companies have actually issued and listed within
their capital stock at a little
the year the amounts of securities here indicated.
_
the point of
more than 4,495 millions.
Accepting these figures as approximately correct, it
follows that in the past year bonds and stocks have
been listed whose aggregate par value is over 10 per
cent of the entire capitalization of our railroads as it
we would caution the reader not to assume that
these sums are merely representative of old issues
retired.
As every reorganization results in new capi-
.stood a year
this case
ago at this time.
The
table
which here
follows makes evident at a glance how large are
the
jear'? totals in comparison with those of the five
years
preceding.
^
I.I8TIK08
Mnmim.
ON NEW lOHK STOCK EXOHXNOE.
JTctc ittutt.
Old inuei
Beplacing
nticly listed. old seeuritiei.
1800
1888
511,002,218
1887
180,386,000
146,787,321
109,102,300 238,097,090
81,641,000
47,354,390
1885
103,844,000
27,700,000
65,715,000
343,477,321
187,239,000
;1890
$164,401,729 »10,490,747|*263,039,854
$437,992,330
09,721,717
9,936,000 179,932,057 259,049,774
62,408,357
10,372,476 175,447,443
1889
>888
248,228,275
1887.
98,726,791
32,643,420
138,683,333
270,053,550
1886
54,006,350
67,236,800
203,226,200
319,469,350
17,783,1 16
8.700,000
35.430.000
60.913,116
tOt.
wooruie. .tamped •a?,.m,e.^"
or-!k,sJ^^ent »^d?.''".hf' .""'•"r."'
the^elre, bavl^g previously been
U.Sd^'Slfo't fioludld'S
Pnor to 1890, as will be seen by
tSS"
the above compila-
tion,
previously given to allot to
the largest
amount
new
capitalizations their
proper share of these issues. This being understood,
we submit the printiaal listings in 1890 of securities
created in accordance with reorganization plans.
r-SeciiHIies listed in 1890.Bonda.
Stocks.
Name ofcompanyof company—
Topeka & Sa
incomes
Obio Southwestern Ist luort.
l8t incomes..
Baltimore
&
,^."
"
"
"
Erie 1 st mortgage
Chicago &
„ " ^"
,•'
.
Incomes
Kanawha & Michigan
let
& Texas
mortgage
Ist mortgage
incomes
.
Peoria & Eastern let mortgage
incomes
"^
^
T./'«
Rio Grande Western first mortgage..
Seioto Valley & New England Ist mort
„ ",
Wabash
Stock*.
unpaid coupons, etc., so in
in compiling the table
we have endeavored
Missouri Kansas
10,304,000
1886
talizations for assessments,
Total.
*198,158,830 *105,204,279 $381,504,750
$684,867,879
206,SC4,0O0
0,050,000 176,800,000 380,720.000
261,9t9,631
11,792,000 237,220,587
1880.
As
usual,
10.6('>7,000
$5,000,000
19,600,00u
10,000,000
10,000,0u0
1,327,000
39,466,000
20,000,000
8,103,000
4,000,000
"12,079 000
13,000,000
5,0011,000
435,000
Total
*
78,125,000
9,000,n0('
10,000,000
12,236,000
5,000,000
52,000,000
$348,295,000 $106,236,000
Including bonds issued for making road standard gauge.
For these reorganized companies we get, then, a total
bonds and 106 millions of stock. Of
the bonds 131f millions were income bonds.
Little if any less important, however, than the
of 348 millions of
reorganizations effected during the year have been the
consolidations of railroad interests.
The Missouri
Pacific
reported at the present time to be merging
number of its proprietary companies. These
and probably many other consolidations, may involve no
change in outstanding securities, but they all affect to
is
into itself a
of bonds listed in any one
511 millions in 1888, the average for
the five
years being .336 millions,
contrasting with the 685
some extent the status of securities held by investors.
imllions of 1890. As to stocks,
the 438 millions of the
Thus the Atchison reorganization wa^ to most intents
year just ended are to be
compared with an average of
and purposes a consolidation of the auxiliary lines with
jidJ millions in the other
years and
329J millions the the parent company, their securities
so far as owned by
jear
WM
Atchison being pledged for one hundred years under
new general mortgage, thus preventing any disin-
its
).
.
Jakdart
3,
.
THE CHRONICLE.
1891.]
The Atchison ia therefore
tegration o( the system.
ia fact the greatest consol illation as well as reorganization of the year
— though for obvious
tion of the system
A
somewhat
is
is
lines
The
companies as rapidly as possible.
LiMtctt
$10,
Cattle Feeding
31,A01,i
».S03.(
VHJOOOA
National Starch
The
10,900,0
:
total listings of stock
by these industrial com-
be observed, is over 84^ millioD
one half the new issues of the yeai*,
in our table above.
Within the year also
panies alone,
it
will
dollars, or equal to
as classified
the North
American Company listed $38,64:J,000 of
same amount of capital of the Ore-
stock, replacing the
&
that the
is
gbxk
T<'obueco pref.
:8J!8;
$40,930,000 consols listed this year gon
are a first lien on 1,017 miles of branches, while covering in addition, subject to prior liens, the main line
3,158 miles, land grant, terminals, &c. The Louisville
result
of Company,
1,.:. .,1.
.. lural Electric
Matliiuul J,ln«eed Ull
that of the Northern Pacific,
which, however, has gone even further than the Atchison.
It has not only pledged the seenrities of its
branch lines for its new consolidated mortgage, but has
moreover agreed to actually consolidate with tliese
branch
I-....
I'
reasons that por-
not inclnded in the table below.
similar case
Name
ime
I:
Trans-Continental
Company
in liquidation.
COTTON CONSUMPTION AND OVERLAND-
&
Nashville unified mortgage, and the Norfolk
&
AVest-
ern 100-year mortgage bonds, both issues listed in 1890,
likewise act as consolidating instruments. Other note-
worthy consolidations disclosed by an examination
the year's listings may be seen from the following
of
MOVEMENT TO JANUARY
Through a
free use of the telegraph
1.
we are able
to-
day to prepare our statements of overland movement,,
receipts, &c., for another month, thus bringing our
totals
down
to the close of
December and embracing
in
:
the subjoined tables the results for the
'fllock issurri in
Compatty tchollu or
yanif 0/
,
arquisition t/tereof
Common. Vrrft^rral.
partially absoH/ed.
Company.
Atoh. Top. A- Santa Fe 8tu I.oui.s & San Fran. $22,0it9,f>62
..Colorado Midland
4,39.3,125
Do
do
..Kiehmond & Allegheny .5,000,000 ifSl, 000,000
Clu'sapcake & Ohio
Lusting
&
Chicago Mil.
St. I'aul
..Milwaukee
&
North'n.
5 Cln. Sanduskv & Clcv.
(Col. Spring! i. Cln
C'lev.Cic.CUlc.&St.L.
Scioto Val.
aggregate
cotton
amount brought
into sight reaching 1,646,-
3,212,600
500,000
the current year.
.
is
of
229 bales, a total never surpassed except in October of
&
In some of these cases additional stock
The marketing
of the cotton crop season.
has been on a very liberal scale during December, the
OVERLAND MOVEMENT TO JANUARY
.
*
four months--
6.11().80O
S.OOO.OOO
N. Eng..
Norfolk & Western... (Shenandoah Valley...
2,500,000 4,.500,000
J Chic. 8t. L. & Pittab. >
12,511,900 16,379,790
Pitt.<! Cin. Chlc.&StL.
J Pitta. Cin. & St. L.. .]
Rich. & W. P. Terminal .E. Tenn. Va. & Ga.,etc. 19,647,108
Denver
Tex.
&
Ft. W.
31,151,700
Cn. Pac. Dcnv. & Gulf J Colorado Cent., etc..
5
t
5
first
yet to be Issui
'.
The
amount
1.
marketed overland Id
December has been even greater than the phenomenally
heavy total of November, reaching 337,075 bales, against
326,294 bales last year and 310,695 bales in 1888. There
gross
of cotton
is, therefore, a gain over 1889 in the total for the seaFurthermore, certain companies have brou.ht out
son to date of 93,318 bales, and compared with 188S
bonds as well as stock on the lines acquired, as the
The roads runningthe excess reaches 58,008 bales.
Chesapeake & Ohio its Richmond & Alleghany issues
out of St. Louis and Louisville have benefitted moaJb.
and the like.
largely through the increased movement this year, but
Still other virtual absorptions have taken place withthere has also been an appreciable addition to the
out any issuing of securities, as in the instance of the
amount
of cotton carried across the Mississippi at HanChicago & Erie, whose capital stock is now all held by
nibal.
The
net for the month has also been of large
the Erie, and of the Baltimore & Ohio Southwestern,
proportions, but is some twenty-six thousand bales less
all of whose common stock the Baltimore & Ohio now
than in the previous month, being 227,166 bales. Ia
has in its treasury.
New mileage has not afforded very many contribu- December of 1889 the net was 226,993 bales, and in
1888 reached 218,951 bales. The aggregate for the
Of the
tions to the year's listings.
active builders of
& Northwestern has listed no
bonds, the Chicago Burlington & Quincy none, St. Paul
none, Rock Island only $1,364,000.
Denver & Rio
Grande has added $4,500,000 bonds, Norfolk & Western
recent years Chicago
$9,479,000
(partly
at least
for
new
Northern Pacific consols, referred
in part
terminals,
The Union
Pacific
as well as for
refunding, etc.
companies
— Oregon
Short Line,
—have also listed some millions on extensions.
The
stringency in the money market, however, the last
three months of the year put a sudden check on the
financeering of new enterprises.
As everyone is aware,
not a few loans for new construction as well as other
purposes would have been floated before this except
for the stringent money market.
Whenever money
becomes more plentiful an
efflux of these loans
may be
expected.
The
miscellaneous companies that have secured
admittance for their securities to the regular list of the
Exchange deserve
word of remark. They embrace
very various pursuits and some fairly large capitalizations.
It
be counted strange that, consid-
ering their capitalizations and the attractive nature of
their prospectuses, some of them have gained entrance
The
Exchange market only
to
be
lost sight of.
chief of the miscellaneous listings were as follows
:
1
TO JANUAIIY
1390.
1.
1889.
1888.
Amount thipptd—
Via St. Louis
Via Cairo
Via Hannibal
Via Evansville
Via Louisville
Via Cincinnati
Via other routes
Shipped to nulls, not Included above.
Total lOHWS overland
Deitict thipmenls —
Overland to New York, Boston,
Between
Interior
<fcc...
towns
279,137
192,922
43,630
317,284
18?,242
13,49
4,4?3
61,865
110,341
73,711
3,985
28,42S
114,63»
87,16»
80,04»
4,107
878,401
782,036
817,39&
133,031
60,874
127,130
30,483
120,261>
14,632
18,214
7,781
15,103
311,340
167,333
60,966
12,321
115,751
01,294
105,916
60
New
Orleans, inland and local mills...
Mobile, Inland and local mills
Bavanuah, Inland and local mills
Charleston, Inland and local mills
N. Carol'a ports, inland and local miUs.
Virginia ports, Inland and local mills..
Total to be deducted
a
may indeed
to the Stock
OVERLAND FRO-M SEPTEMBER
The
to above, also were
for recently-constructed road,
additional
etc.,
mileage).
is considerably in excess of either of the
two preceding years. We append the details of the
whole movement overland.
four months
*
T>(avlne total net overland*
i'tua total luoluiles sutpuientH
6,889
19.604
5,487
49,57»
5,297
579
176
MO
3,681
10,221
7,17&
641
11,745
486
51&
15,885
27,3ia
237, lo;
226,235
233,563
.^'633,207 555.851 583,833
Co <i*iii»da by rjiU, wntuh slooo
30,519 bale», in 1889 were 25,702
September 1 in 1890 amounted to
bales and In 1888 were 21.394 bales.
RECEIPTS, EXPORTS AND SPINNERS' TAKINGS.
There has been a heavy movement of cotton through
the outports the past month, the aggregate net receipts
being 1,195,063 bales,
against 1,116,928 bales in
De-
:
.
.
.
THE CHRONICLE.
8
month
oember, 1889, and 1,103,713 bales in the same
the
for
total
the
ago,
year
of 1888. Compared with a
and
bales
176,430
of
gain
a
records
date now
bales.
Total in Bight
1888.
1889.
1890.
—
bales.
Total marketed, as above
Interior stocks In excess of Sept. 1
season to
m.
{Vol.
5,316.243
482,0U0
5,045,367
400,000
4,536,642
414,000
5,798,2431
5,445,36':
4,980,642
The exports
the increase over 1888 is 710,137 bales.
This indicates that the movement up to January 1
in excess of
been
have
month
the
for
ports
foreign
to
the present year is 352,876 bales more than in 1889
of
being
the like periods of 1889 and 1888, the shipments
and
817,601 bales greater than in 1888.
835,463
and
respectively 875,920 bales, 863,001 bales
it will interest the reader to see what has come
As
bales
is
33,663
months
The aggregate for the
bales.
each month of the season during this and
sight
in
into
than
heavier
bales
greater than last year and 585,556
years,
we have prepared the following, which
previous
the
to
addition
considerable
a
been
has
There
1888.
Stocks at the outports, which at the end of December
show a gain over last year of 116,300 bales.
BtetlptM BtCtifU
' tina
timet
AK. 1. IMO, t« Sept.1,
Sept. I,
Jan. 1. I8»l.
1888.
1880.
Stocks
CatM.
Great
trance.
Britain*
IbtaL
Jan.
1.
iunt.
418,240
68,823
9,565
9,566
l,«e7,S7S 1,406,958
407,321
830,773
299,754
937,848
331,743
188,908
86,237
21,713
86,237
45,389
18,678
Mobil*
6,2SS
80OJ99O
88,089
778,458
Florlds
-BaT&DDab
752,566
110,804
81,748
74,801
83,687
131,40«
CliarlMton
Port RoyalAe.
888,821
277,468
72,628
16,330
WOmliiKton
5'i»
1,388
144,47*
113,316
2,4«S
2,781
40e,781
301,572
Wuhiii«t'ii.tc
Morfolk
67,228
836,664
148,872
84.879
26.181
33,766
13,021
K»wTort
30.94S
B<Mtoa
46,176
83,29-
48.265
33.501
86,838
:8,IS8
201,788
76,043
Batttnore.
PliUadelphbUko.
2!),6S6
4.437.846
November
December
Total 4 months.
886,631
119,084
8,358
10,626
136,544
81,160
226,486
64,408
48,022
116,250
22,363
1890.
1889.
648,770
1,702,322
1,594,418
1,646,229
1,609,648
1,613,028
1,573.921
5,798,243
5,445,367
UfiU
14,781
188,602
19,551
104,530
1,659.773
1
we
use
4,261,516 1,702,951
ToUl
1888
3.787309 1,472.248
5,393,913
of weight of
^
1,
Same
peri'd in peri'd in
1889.
1888.
1891.
18.795
4,055
92,493
809,078
88,865
1,620
77,663
21.000
79,675
8,169
1,655
10,598
5,037
Lonlslana.......
330,204 1,031,224 3,021,201
917,885
834,068 2,998,639
718.36(1 2.435,645
Oreat Britain exvorts Inolude to the Clianuel.
Using the
4,980,642
Same
82,367
245.037
I
give below our usual table
bales for three years.
Jfumber of
Weight in
JBalet.
Pounds.
761,643
1,267,573
Alabama
200,230
944,947
Sonth CJaroiina.
329,350
Virginia
654,230
North Carolina.
146,939
Tennessee, &o.. 1,011,331
Qeorgia*
Total
1,547,937
824,369
1,588,766
1,639,906
1,340,871
1,.'M5,207
59,046
13,021
8,943
1887.
furnish a more exact measure of the receipts up to
January
Texas
8,241
38,8«7
31,181
1888.
424,209
1.493.289
WEIGHT OF BALES.
To
280,281
four seasons:
Four MontJie Ending Jan.
Newp*tNewB,Ac.
We«t Point....
October
last
855,274
Monlht.
September
21,713
Bnuuwlck, &0.
•
TO—
1880,
34,933
32,762
781.178
10,465
Total 1880
1,
884,486
^AlTflatOD
B PSM. Ac...
KcwOrleuu. ..
IXPORTS SnfCK SEPT.
shows the movement for the
Average Average Averag*
404,127,776
635,054,073
102,918,220
472,312,859
163,808,809
319,251,155
73,271,132
514,767,479
Weight.
Weight.
530-60
501 00
525-23
496-40
498 00
489 23
51400
499-83
497-37
487-98
498-63
509-00
486 50
48810
489-05
WeigfU.
526-74
490-10
51000
493-12
494-55
492-11
493-26
501-99
50000
by the foregoing statements,
we shall find that the portion of the crop which has
Total
498-40
5,316,243 2,685,511,503 505-15 498-14
* Tnoladlng Florida.
reached a market through the outports and overland,
and the Southern consumption since September 1,
It will be noticed that the movement up to January
this year and the two previous years, is as follows
1 shows an increase in the average weight as compared
with the same periods of the last two years, the average
1890.
1889.
1888.
this year being 505*15 lbs. per bale, against 498-14 lbs.
Seotf pta at tke ports to Jan. 1
bales. 4,437,946 4,261,516 3,727,809
Met aolpments overland during same time 638,297 555,851 583,833 for the same time in 1889 and 498-40 lbs. in 1888.
facts disclosed
Total receipts
bales. 5,076,243 4,817,867 4,311,642
Bontbem oonsompdon since September
Total to Jan. 1
The amount
1
240,000
228,000
bales 5,316,243 5,045,367 4.536,642
marketed since September 1 in
1890 is thus seen to be 270,876 bales more than in 1889 and
779, 601 bales greater than in 1888. To determine the portion which has gone into the hands of Northern spinners
during the same period, we have prepared the following:
of cotton
Total receipts to January 1,1891, as above
bales. 5,316,243
Btook on hand oommenoement of year (Sept 1, 1890) —
At Nortbem port*
20,295
At Bonlhem port*
40,97461,269
At Northern Interior markets
1,327—
62,596
'
Total supply to January 1, 1891
5,378,B3a
Of thl* supply there liaa been exported
toforelfoi port* *lnoe Sept. 1, '90.3,021,201
I«** foreign cotton Inolnded
4,356-3,016,845
,
Scot to Canada direct from West
Bamt North and South
flUiok on hand end of month (Jan.
.'
1,
The above
to January
1
4,060-3,976,958
"
189()
Northern spinners this year.. ...balei'.
AMOUNT OF CROP KOW IN
240 000
1,161 aai
l'o4o'326
"^21^5
SIGHT.
In the foregoing we have the number of
bales which
has already been marketed this year
and the two pre-
compared
1890.
An
additional fact of interest is the
in sight on January 1.
with previous years.
which was
low
a.
4.
5.
S'lh'n
casl'r 3-yd.
cloths, itand- ging-
dling.
64*64 ard. hams.
8'8
8'8
3-13
3-13
3-13
S!*
8^8
8'8
8 ''8
306
3-06
3-06
7H
714
7J4
714
^4
7I4
sheetings.
7>4
7^4
7^4
6
7M
6
7^4
714
6
6
6
9
10
sis;; 'h'be
8i»ie 3-00
8iS]e 3-00
11.
8is„
3-00
8l3it 3-00
"iU"
7=4
TM
?,':*
714
Vi4
714
'^>
7^4
7^4
8i.->„
13.
300
14.
.. s...
15. "sii;; '3-o6' 7H
3-00
18.
714
17
300 '/'*
St")" 3 00
7J4
Pl3,a
19.
3 00
7^4
3-00
20.
714
21.
...8...
22. "sK" 3-o5'
23. 8»8
3-00
7"4
3-00
24. 8=8
25.
..Holi day.
26. "sis'
3-CO
7%
27. 8»8
3-00
7M.
y*
v*
OotVn PHnt- Sheet- Lanlow
6
"is""'
6
6
6
6
6
»'"!«
"lii"
714
VI4
7J4
7^4
7H
cloths. stand-
64x64 ard.
dling.
Q\
9%
9^
9%
9^
9%
9^
9%
9%
9%
9%
.
3-75
3-75
3-75
3-75
3-75
3-75
7J4"" "e"'
7H
7H
6
6
7'4
7>4
6
6
9V
9SS,
"
9%
9%
9^1
...8...
375
3-75
3-75
3-e9
3-6a
3-69
3-63
3-63
3-«3
3-56
35S
350
9%
3-50
8 5l>
9%
3-50
3-56
3-46
8»fi
8«8
8%
3-00
3-00
3-00
7>4
714
7>4
9!|i
7J4"
"e
7'1
7>4
6
6
9%
9%
sheet-
hams
ings.
714
714
714
7H
7^
e\
e\
G\
6\
6%
6!%
e>9
6>a
6H1
61*
6>a
6>*
...S.
.
28.
29.
30.
31.
7=4
714
714
7'4
7I4
7>4
714
7I4
?^
714
7>4
7I4
714
...8...
9%
Oiag-
.8.
...B.
91.I18
6
6
6
6
6
S-lh'tl
caster 3-ud.
mid-
1
...8...
8.
and closed
1889.
Lan-
mid-
i!40i'!)b1
corresponding period of 1889 of 131,555
bales and a
gam over the same time of 1888 of 97,510 bales.
total of the crop
reduction in price became more active,
steady at 3c. for 64x64s.
2
123,041
indicates that Northern spinners had
up
taken 1,161,881 bales, an increase over
the
yious seasons.
secured by converters. Some descriptions of colored
cottons have been firmly held on account of the small
stocks.
Print cloths opened the month dull, but at a
s
794,284- 917,325
In taktagiiby
slight price
1.
markets
month.
somewhat irregular, and at
concessions some fair-sized lots have been
cottons have been
8209
Total taklnfts by spinner* since Sept.
1, 1890
Haken by BouthiTn spinners
ToUl takings by Nortbem spinners since September 1,'
Taken by Northern spinners same time In 1889
Inmase
Brown
Oott'n Print- Sheet-
1891)—
AtNortheso porta
Interior
has been strictly moderate throughout the
30,519
AtSoathemporU
At Northern
THE COTTON GOODS TRADE IN DECEMBER.
The demand for staple cotton goods at first hands
225,000
386
3-58
7'4
7^4
Holi
7>4
714
7=4
...8...
7=4
714
6%
6%
63i
6^
«%
G\
6^
6%
6%
6!H
6%
6%
6%
6%
6%
6%
6\
6%
6%
6>i
6>3
6>*
6>3
61*
6^
'
6>*
6>9
6^
6i«
6^*
S"*
6»a
6>«
61*
e>3
6%
6>»
6»*
.
JANCARY
8,
9
THE CHRONICLE.
18M.J
consequent low prices led to a heavy export of products in the first half of 1890, while the imports of
The year 1 890 was one of great activity in the vari- foreign merchandise were stimulated in the early Fall
ons departments of trade and transportation, with a by the anticipation of higher duties under the new
volume of transactions never before equaled. In tariff law. There was an export of gold in the nine
RETROSPECT OF
1S90.
weeks ending with August 9 of about $16,000,000 and
imports of over 15,000,000 in December.
the last half of the year came
in
the
money
pressure
At the Stock Exchanges the volume of shares and
extraordinary
ginning with an
in
Novemculminating
dealt in was not widely different from that of 1889.
and
bonds
August
early
as
market as
ber with the failure of several firms of bankers and brokers The extraordinary bouyancy of May and the severein New York and the embarrassment of Baring Bros. & depression and crisis in the Fall were the salient features of the year, the latter being partly a consequence
Co. in Lonaon.
The prominent and controlling events of the year, of the former. At the Produce and Cotton Exchanges
taking a bird's-eye view of them, were the long discus- the dealings were considerably above those of 1889.
The general business of the country during the first
eion in Congress over silver legislation which led to a
buoyant speculative movement in securities both at three-quarters of the year was beyond the similar period.
home and abroad; an immense volume of general in all former years, but with the money pinch in the'
May and June
April,
there was
much buoyancy, but
the monetary
in
crisis, be-
—
business and great activity in industrial enterprises
and real estate operations, as evidenced by the
bank
clearings,
the gross earnings of railroads,
the
large use of iron for structural and other purposes, and
financial disturbances credits were
new work was stopped in all directions,
and business necessarily declined. The failures in ther
first nine months of 1890 amounted to 1100,771,820.,
against $105,055,898 in the same period of 1889; for
the last three months of the year they were $89,035,144,
autumn and the
greatly curtailed,
finally by the insatiable demand for money throughout
the country; the financial crisis in Buenos Ayres, which
affected London very severely and led to the send- against $43,728,439 the year previous.
For the purpose of showing at a glance the industrial
ing home of a large amount of our railroad secuwheat, oats and and financial statistics, which present a sharp comparirities ;
our
small
crops
of
corn, but very large crop of cotton ; the tariff son of the two years 1890 and 1889, the table below is
discussion in Congress, ending with the passage of the brought forward.
The figures relating to the produc-
McKinley bill, which went into effect October 6; the
low bank reserves throughout the year, and the severe
monetary pressure, beginning in August and lasting,
with only occasional alleviations, until the middle of
December; an immense shrinkage in the value of securities at the Stock Exchange and the consequent failures,
beginning with the suspension of Decker, Howell & Co.
in New York on November 11, and reaching a climax
with the embarrassment of Baring Bros & Co., which
was made known to the Bank of England managers on
the 6th, but not announced in London until Saturday,
November 15.
The banking and currency machinery
was strained
of the country
to the
delphia resorted to the device of issuing clearing-house
the current estimate of the brokers
was very disappointing
and the Agricultural Bureau reports during the summer months, showing a large decrease in wheat, corn and
oats, were one of the chief causes of depression.
yield of our cereal crops
coal was
somewhat larger
is
gate mileage operated on the one
three railroads whose
against 84,777 miles
gration
taken.
The aggre-
hundred and forty-
months
earnings for the eleven
November, 1890,
November, 1889. The immi-
was 87,092 miles in
are reported
statistics
in
are given exclusive of immigrants-
from Canada and Mexico.
GENERAL SUMMjLBT FOB TWO YEARS.
1889.
Bank
S.
clearing.^ in tJnlted
Deo. 31.
Staue
"
"
at Conwil.
Ef
.
1.671 ,160,220
$;
5<;,1"5 ,337,!»97
149,.781.3371
72 ,014,6001
69,900.000,000
32!,^'i3.0iT,\
89,,918.0(IO'
38.054,00(^
tiDls.
Grain and flour at t rod. Exch'e-bush.
CottA>n atColtoti F^xohange
bales.
Imports of niercbaudise il nio8.)...if
Exports ul uienbandise (11 mos.)...$
Net exports of god (11 mos.)
S
Gross eamiugs 1 13 roids (11 iuo8.).$
Ratlroa<l lonstruoteJ
miles.
(
Wheat raised
busbeU.
ridacd
busUel8.
Cotton raised
bales.
Pig iron produced, (tons of 2,000 ibs.)
Sieel rails. Bessemer (tons 2,000 Ibs.i
Antbracltc coal. . (tons of '2,'lVi lbs.)
Petroleum (runs) prodiictioo
bbls
Immluratlon into U. S. (11 lu 's.i
Pub. landcaleg(yr. cnd'g JUD630)acres
.
1830.
tl, 710,807,8 »«-
S;
Bu8in688 failures
$
Sttles at N. Y. Stock Exobange sbaret.
Sa'ei at Consoi'ted Exrkauge.sbares.
Petroleum cert's at N.Y.St'k Ex.l.bls.
Com
certificates.
The production of anthracite
wheat and corn are our estimates based on theAgricultural Bureau; as regards cotton,
reports of the
Culn and currency tn U.
utmost and worked very unsatisfactorily; the lack of expansive powers in time of need
was strikingly seen in the last five months of the year,
notwithstanding the very large Government disbursements, and the banks in New York, Boston and Phila-
The
tion of
219,,0(i3,.i00i
1,4,S1,,794.1'J2
18. OdS.OOO
710 623.551
730,,2j5 007
39,,92(>,758
390,,247,»J8!
5,200!
490,,560,000
,892,iOfi
2,112,
7,,313,726
8,,516,079
1,,691,261
189,8.56.064
7I,282,88&
24.32«,O0O
72,490,000
1,820.833,287
23.'.l26,50O-
762,300,471
759.180,494
9,330,216
425,102.868^
6.081
402,00O.0«O'
l,56'J,874,00p
(est.)
8,0l)0,00O0)
(t)
3^,,41.7,710
21,,51»,63G
3S,700,00O.
407,237
12 ,4H1,604
468,30».
10.621,6.^2
29.604.717
Note.— The sales at tbe New York Stock Exchange include all share*
of stock except bivuk stocks and all Tr.ists except petroleum certiflcatea
sold in tiaircls. Sales at tie Consolidated Exchange represent one hH'.f
0[ their clearings of stocks and the same of petroleum certiUcate*.
Grain ami flour ut the Produce Exchange include flour reduced to wheat
at4>2 bushels per barrel. Cotton sales at the Cotton Exchange do nol
include ''exchanges" of futures.
than in 1889 and petroleum runs were about 7,000,000
bbls. ahead of that year.
The demand for iron in the
first nine months of the year was large beyond expectat This is tbe amount December 1.
tions and the production ran considerably above that
In commenting further upon those salient points of
of any former year.
the year wfiich had much to do with its general results
IJailroad construction was by no means stagnant, and in business, we observe that the markets at the opening,
the estimated new mileage built in the year was about were overloaded with the enormous cereal crops of 188&,
6,081 miles, being considerably larger than in 1889.
and prices declined to a very low point. But transporImmigration into the United States for eleven months, tation, commission, and export business were stimulated
not including that from Canada or Mexico, was 408,- and the movements of produce were very heavy. Tho
309, against 407,-237 in 1889.
The
sales of public lands
were below the previous year and amounted
to only
drawn to the silver
and under the varying propositions made ia
Congress, with the possibility of a free coinage law
attention of the country was early
question,
10,621,052 acres, against 12,461,604 acres in 1889.
The foreign trade of the country was of large volume always present as one of the elements, the silver ide«
and imports exceeded in amount any previous year worked out its fruits and led to the boom at the Stock
on record, The abundant crops of 1889 and the Exchanges, which carried prices up to their highest
.
THE CHRONICLK
10
prepared the way for the
May and
figurcB in
sub-
lVol.
SimilABT ABOUT JAN.
in August and
sequent decline, which came
months.
take over
The formation of industral corporations to
noteworthy
the
of
one
was
firms
the business of private
concerns
year, and such prominent
later
tendencies of the
Company, with a
were organized as the H. B. Claflin
the J. & P. Coats Thread Works,
capital of $9,000,000
with #18,000.000
with $25,000,000
with $4,500,000
;
the American Tobacco Company,
The Procter & Gamble Company,
;
;
and other concerns of less note.
On the other hand " Trusts," which had been the bane
at the Stock
of the market in 1889, fell into disfavor
several of the principal ones were
;
and
Exchange,
reorganization
reorganized, or began proceedings for
Cotton Oil,
as regular corporations; the American
among
Linseed Oil Trust and Sugar Trust being
receivers'
into
went
latter
the number, though the
hands.
bill
giving Chicago the award was
February, and
passed by Congress late in
real estate
this led to
and speculation in that city.
were boomed still more, and pub-
Fall.
In the financial troubles of the year the inter-depen-
dence of the world's markets upon each other was
remarkably shown up. The crisis in Buenos Ayres
affected London very seriously, and that, together with
our silver law, caused the return of an immense amount
of securities to the New York market, with the wellknown results. Again, at the time of the Barings'
embarrassment, the Bank of England, coming to their
rescue, borrowed some £3,000,000 gold from the Bank
of France, and £1,500,000 from Russia, and still later
in the year London sent us $5,000,000 gold to relieve
our money market.
The
business failures of the year were governed to a
great extent by the course of affairs mentioned above.
During
the
unount
first
three-quarters
of liabilities involved
of
the
year the
in failures was about
5 per cent less than in the same period of
bnt in the
last
quarter the large nominal
1889,
$43,728,439 in the same quarter of the previous year.
following table shows the failures of each quarter
The
:
•KOAKTTLI FAU.DKBS
la
1877. 954,938,074 f45,0fl8,0;t7 $42,346,085 $48,717,680 $190,669,936
1878. 8-^,il7H,826 48.75:!,<I40 66.378,363 37.172.003 231,3«3,132
1879. 43,112.665
ISSO. 12,777,074
l881. 24,447,2f>0
1882. 33,338,^71
38.372.643
1883
l884. 4(>.18<',ft78
ises. 46,1 21.0.'-,
1886. 2».H8l,72(!
1887. 32,161.762
1888.
8,884,789
42,972„"il6
f 889
890. 37,852.968
22.66(!,72.5l
20,lU,t>H9
16.491».39.'i
17.094.113
20.741,815
17,242.619
27.816,391 5V!,072,8H4
84,201,304 66,627,821
28.601.304 23,874,391
20,752,734 27,227,flH0
22,97n.330 73,022,556
29,229,370 22,114,251
22.856,33^ 39,227,045
27,466,416 35,452.436
.
1
:-<
.
The
15,27 .-,,560
12,121,422
10,112,365
18.942,8H3
following
summary shows
98.140.053
6.'S,752,000
30.01)«,022
S1,155,<»3J
32,023,761
101,547,564
172,174,172
226,34^.427
121.220,321
54.(il2,2i4
45.324,324
25.023,575
3«,982,02H
3'1,400.29K
33,i;01,560
43.728,439
89.085,144
Lenal
i
riO? 418 100 103
Jmott"
',
,
:
.ii
,
—
I
Silver in Ijondon,p'roz,{
Silver certs, in N. Y
Prime tterling bills....
United States Bonds—
currency. SOS
4Mb. 1H91, coupon
48 of 11.07. coupon
Railroad StO'-k»—
N. Y. Cent. & Uud. RlT.
B ie(N.Y. ly. M. ftW.i...
1 ako Shore* Mich. So..
Michlgm Central
Chic. Keck Ihl.&Pac...
1
Illinois Cent'-al
rtiiw'n.
Chic.
Chlc. Milw.& St.P.
&N
;
,
I
114,(144,119
167,560,944
123,829,973
148,784, 3H7
I'O.^se.eei
5>4®B
47 9-X8d,
June
104
--aa".
12S
124 bid.
1045<bid.
'""
bid,
126 *'*
103«
bid.
bid.
120
103
122
bid.
1041^ bid.
bid.
bid.
12i«
108
28V^
104^
lOlJi
io:«
UOx
•07-98
•97k-»8i
24«
94«
80H
92
lUM
111)4
136
136
119
145^
am
125
^&
66
28, Oct. 4
117
104M
9 6-16
12
7«
7«
38«:14
32)^33
ID
32H-33
32hW83
Wool. Ohio XX
33ma34
Iron. Am.plg.No.l...ton 19 60-20 SO 18 50-19 00 18 00-18 50 17 00-18 00 18 50-17 60
8500
38 00-34 00 30 60-31 60 30 60-3100 Nominal.
Steel rails at mills, .ton
94
87
Wh'f,No.2r'd win. bush
85M
a
56
37
1176-12 26 13 50-fl 00 11 60-12 26 1150@1^25
Pork, mess
per bbl
B95)i<a70«
102W-108M
Pipe Line certs
887<-87H
sm-sm
» Jan. 2,
Bid and asked; no sale.
1891
AGRICULTURAL PRODUCTS.
In the three great cereal crops of wheat, corn and
oats the product of 1890 was almost as conspicuous for
had been for superabandance.
Winter wheat had already been injured and made a
poor showing before summer came, and from July
each monthly report of the Agricultural Bureau gave
dismal accounts of oats and corn, mainly owing to large
failure as that of 1889
areas of drought, until the final estimates given in the
fall
appeared to indicate a yield of about 402,000,000
bushels of wheat, against 490,000,000 in 1889; 536,000,oats, against 751,000,000 in 1889, and
1,568,000,060 bushels of corn, against 2,113,000,000 in
O0$ bushels of
1889.
CHOPS OF WHEAT, CORN, OATS AND COTTON SINCE 1875.
Year.
1890(eBtlm'd)
Cotton.
Wheal.
Corn,
Oats.
Bush.
289,356,500
Bush.
1,283,827,500
1,312,558,000
1,388,218,750
1.754,591.676
1,717,434,543
1,194,916.000
1,617,025,100
1,551,066,895
1,795,528,000
1,936,176,000
1,665,441,000
1,456,161,000
1,«87,790,000
2,112.892,000
1,568,874,000
Bush.
320,884,000
406,394.000
413,578.560
1876
364,1'J4,146
1877
420,122,401)
1878
1879 (Census) 459,483,137
1880
498,549,868
1881
383,280,090
1382
504,185,470
1883
421,086,160
1884
512,765,000
1885
357,112,000
1886
... 457,218,000
1887
456,329,000
1888
415,868,000
1889
490,560,000
402,050,000
Bales.
407.sr>8,999
417,885,380
416,481,000
488,250,610
571,302,400
583,628,000
629,409.000
624,134.000
659,618,000
701,735,000
751,515,000
536,685,000
4,485,423
4,811,2655,073,531
5,757,397
6,589,329
5,435,845
6,992,234
5,714,052
5,669,021
6,550,215
6,513,623
7,017,707
6,935,082
7,313,726
8,000,000
Fortunately for farmers the small yield of the main
gave a much
better margin of profits.
The Agricultural Depart-
crops advanced prices very largely and
ment's estimates of the average prices of farm products
in December were as follows: Corn was 50*1 cents per
in 1889.
Ohio gave 51, Indiana 47*1, Illinois 43, Iowa 41, Missouri 44, Kansas 51,
Nebraska 48. Oats were 42-2 cents, against 23 last
year, and wheat was 84 cents, against 69-8 in 1889.
Taking the values in New York City about the Ist of
January following the crop, we find that if the whole
of each crop could have been laid down in New York
at that date the values would have been approximately
as follows:
ESTIMATB OF CROP VALUES ON JANtTART 1
Yield.
ToUl nlues
27.
402.050,000
Corn...buab. 1,568,874,000
Cotton.bales
8,000.000
Crop Of
Prioe,
Value of
Jan. '91
Crop.
Ota.
Wheat.hush.
1,
and Dec.
103
xisils
•123-125
7«
7v,.
tMl
•104-106
74J*
11 7-18
10«
Il01«
18«
xlOtM
10b
•116-118
lllg
Cotton, mid. uo.. per.lb.
Br.Sheet'K. Atl. A.,39 In.
SlW
113® lll^
82®4 t<2)t
4
12l«bld.
107
97M
Merchan dUe—
@ lOlM
IMSH
MH
com.
com.
6@6«
4 85
4 80H
Del. Lack. & Western..
Central of N. J
E®4
@8
3
41«^d.
4
CropoflSPO.
July 1, Oct. 1 and
Dec. 31; the Olearing-House statements are of date
29,
@0
5>4®e
44^d,
the condition of the
of merchandise on Jan. 2, April
85,512,3^
10l..'i81,tf50,10:<,234,()00
5 ®45
o«^6>6
I
I
68,
2S0
1
[
.
1)08
108,026,600 114,786,200i 103.837,600
i04;iB9,100 107.389,»l
7,725,175
6.643,650 11.511.200
4,,331,6S0
1,'&d,000
—
BifSJTe "hSl'd",'.:,'
Surplus reserve.,$|
Money, Exch., Silver—',
Callloans
Pilme paper, 60 days
City Clearing-House Banks, rates of foreign
exchange, and prices of leading securities and articles
March
Dee. 81.
1.
Net
New York
•Tan. 4,
July
1.
AMD DEO, 31 PH890'
bushel, against 28-3
THE VKTTED STATBg.
Sd Quarter. 4th Qnarter. Total Year.
lit Qnarter. 2(1 Quarter.
JprH
1.
OCT. 1
1,
amount
inTolved in the failures of bankers and brokers swelled
the total for the three months to $89,085,144, against
for eyery year since 1876
JCLT
On.600 401.838.800 385.881,800
Loans and discounts,.! 399,089,300 404,577,600 397
98,798.3001 77,812,400
$ 77.427.600 88,004,000 75411,000
gaecie
3,590,000
3,507,60(11
3
738,000
3,682.300
8.738.500
Circulation
j!
382.049,300
I 409 852 400' 412 O3a,0001406,82-.,800!413,01G,000
t
daDoalti
deposits
activity
Other Western cities
projects
lic improvements as well as private building
that
so
extension,
were carried on with undue
conlong
and
sharp
was
the demand for money
tinned, and this partly accounted for the fact that
there was no return of funds to the East in the late
Tean.
Jan.
1,
H. T. City Banks
Corn.W.mii.No. abosh
The World's Fair
'much
APRIL
1,
m.
106H
59M
9 5-ie
Yield.
$
496.167.875
400,560,000
929.657.846 8,112,892.000
367,775,000
7,818,726
1,788.500.720
1689.
Price,
an. '90
Value of
Crop.
cts.
85J(
am
lOX
4«0,866,a00
839.874,570
3;i,08g,88B
1.682 463,155
.
January
THE CHRONICLK
3, 1801.]
In oottoa the case was quite different and the reporte
There was gome injury
indicated a very largo crop.
in the seaeon
from heavy
rains,
but
late
estimates agreed
all
in making the crop the largest ever raised, an average
estimate at the end of the year being 8,000,000 bales.
The low prices induced a large export movement,
particularly in corn,
able
movement
and a new feature was a consider-
Exports are given below for the Government fiscal
June 30, as the full figures for the calendar
in
late
but the high prices of grain
in the year were checking the export demand.
;
ixroRTs OF rM>nR, wheat, cons and cotton since 1879.
Cotton
Corn.
Wheat.
Wheat Flour.
Bushela.
BiUcs
BuBhelB
Barrels.
Yeai eailod June 30
l.'.3.25.'.79.i
1' 0.565.477
93.16!), 877
91.s;08. 175
,811,1.'>3
95.271.802
43,1^4, 915
,li91.7(Hi
ll06.3S5,82ri
10,5.-<6, 825
.626,808
6,011,419
7,945,780
1880....
1B61
1882
1883
1884
5.9156S6
9,205.664
9,152,260
10,648,145
8.179.241
11,518,449
11.963.574
9.374,8P3
12,231,711
1686.
188H
1887
1888
1889
1890
I
January
,.549,743
45,217,,490 3 88l,'.;33
51,834, 416
,9(19,5(i.S
63,1155, 433
.283,723
,4;. 9.079
252
40,307,
70,349,012
84.653.714
57,759.209
101,971.i)4!i
65.789.261 24,'i:8 417
46,411,129 69,592, 9.9
54,387,767 101,973. ,717
.0".I6,017
,872,(K;0
,020,913
of tha
Prices of pig iron declined from $19 90
Assflociatiou.
to
$18 in December, and
rails from.
atcel
(35 22 to 128 60.
Anthracita coal production was a trifle above that
of 1889, but the trade appeared to be in bettor shape
at the
end of the year
on hand, and
December caused the year to
witli smaller stocks
in
close with a better feeling.
Petroleum was subject to
year ending
The very large exports of
year are not yet published.
new crop cotton up to Dec. 26, 1889, were almost
equaled in 1890, being 2,873,340 bales the latter year,
made by the Secretary
estimate has yet been
the colder weather
of oats to Europe.
against 2,910,493 in 1889
11
its
usual fluctuations.
The
pipe line runs were fully 7,000,000 barrels above those
of 1889, but the deliveries were largo and stocks at the
were about 1,700,000 barrels less than
Exports in the eleven months ending
Nov.
30
were
with
636,174,533 gallons, against 622,the
same period of 1889. The Pipe
gallons
in
229,753
Line certificates fell off heavily at the Exchanges, reaching their highest point on Jan. 21, at 108^, and the low-
close of the year
at the opening.
The Buckeye region came into
on Dec. 8, at 60^.
importance during the year with a large production,
though no definite statistics for the year are yet at
hand. The Buckeye Pipe Line certificates on the Now
est
York Exchanges sold as high as 42| in August and
down to 14 on Dec. 8.
The runs and deliveries in each calendar year since
UNITED STATES PUBLIC LANDS.
and disposition of public lands by the Gov- 1879 and stocks at the close of the year (since 1881).
ernment is not to foreign immigrants mainly, but and the exports for the fiscal years ending June 30
largely to our own citizens, and in 1889-90 the total
have been as follows
number of acres disposed of was considerably below
PITROUtlTM RUNS. DBLIYERIKS, STOCKS AlfD EXPORTS glKCB 1870.
The
ssile
:
1888-89.
and the
In the table following are shown the sales
under the homestead and timber
culture acts in each
fiscal
Year ending
June 30.
Runs.
year ending June 30 for
For
Homestead
Cash.
Entries.
24,790,164
29,674,462
31,789,1P5
24.385,068
23,704,510
1881
1882.
.
1883.
1884.
1885
J 886
Timber
Culture
Barrels.
1880.
fifteen years.
tJNlTBD 8TATBS PUBLIC LADD SALES FOR FIFIEKN VKARg.
Total.
Entries.
21,22.=.,203
.
26,043,645
21,819,027
16,259,977
21,519,636
128,604.717
.
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1838
1889
1890
640,692
740,687
3,483.894
2,698,771
877,555
622,574
850,741
1,587,618
4,418,345
6,260,111
6.045,570
3,611,531
5,547.610
6,317,847
3,912,450
3.773,498
5,587,910
5,907,155
3,881,305
3,302.571
6,348,015
8.171,715
7,831,510
7,415.886
9,145,135
5,02-1,101
7,594,3.50
6,676,616
6,029,'230
5,S31 67i
*1887
Acres.
Acres.
Acres.
•
4,124,586
3,439,458
1,870.434
2,766, S74
2,193,181
1,763,799
2,566,6!<6
3,110.930
4,084,464
4,755,005
5,391,309
4.224,398
3,735,«05
2,551,069
1,787.403
7,166,334
8j(i49,259
9,089,4 95
.
1888.
1889.
1890.
*
Ino'uding aU mineral
residuum and
tar.
Deliveries.
Barrels.
15,765,800
30.240,121
22,094,300
21,967,636
24,0.53.903
24,08fi.U>4
26,398il83
27.347^98
26,470,654
29.472,864
130,549,233
ed June 30.
U.S. Exports.*
Gallons.
Btoclu.
Barrels.
419,197,699
394.412,402
556,239,228
499,786.266
908,382.963
668,106,520
674,555,480
589,554,441
576,982,396
614,511,805
661.845,698
84.335,147
35,715,565
36,872,892
33,539,038
33,367,898
28,357,113
18,595,474
10,904,783
t&,200.000
both crude and refined, but not Inoliidlns
oils,
I
Partly estimated.
8,379.518
12,520.262
16,830,255
18,233,821
16,083.311
18,300.942
RAILROAD CONSTRUCTION AND EARNINGS.
The progress of railroad building waa uninterrupted until
the tight money of August and later montlis prohibited the
sale of new railroad bonds, and then construction was rapidly
17,4{)6,658
16,319.07 6
curtailed.
12,461,604
built
li',«21,t<52
Notwithstanding this difficulty the
was estimated
greater than in 1889.
to be 8,081
new mileage
miles, or nearly 900 miles
The RaUvoay Age, whose estimate of
MANUFACTURES, IBON, COAL, PETROLEUM.
new construction is taken, remarks:
" It will be observed from our summary
In the production of coal and petroleum and in the
showing
the greatest extent of new mileage
principal manufactures, including cotton, wool and
iron, the year 1890 recorded a large
FiBO'l year end-
Calendar year ended December 31
free entries
'
that the States
are as follows:
421, Georgia 315, Washington 341, North Carolina
Texas 263, Alabama 253, Pennsylvania 253, Virgina 238,
Ohio 223, Kentucky 222, Nebraska 218, Colorado 211. The
States showing the least mileage are Iowa and Nevada, each
1 mile, Arizona 8, Rliode Island 6, Vermont 13 and Massa-
volume of busi- Montana
309,
ness.
Cotton manufactures for the year closing with
August, as reviewed in the Chronicle's annual cotton
report on Sept. 13, 1890, showed that the estimated
consumption in the United States had been 2,349,478
bales, against 2,315,603 bales in 1888-89.
The
profits,
however, were not as large. The dividends paid by
Pall River manufacturing companies as indicated in
the
Chronicle
of
Nov. 23, on
p.
699,
amounted
to
$1,462,870, against $1,850,700 in 1889.
The wool
trade was in
disastrous year 1889.
chusetts 10.
Railroad earnings were favored in the first half of the year
bj the large surplus of crops carried over from 1889, and all
through the fii-st ten months of the year by the enormous industrial activity throughout the country. On the other hand,
rates were very low, in consequence of the endless cutting by
the competing lines west of Chicago, and in the last half of the
year a decline in net earnings on many roads was a cause ot
much bettor shape than in the depression in their stocks. Many smaller roads were absorbed
by larger systems, and some extended lines were also consoliThe results of manufacturing
tlie St. Louis <Sk
proved to be more satisfactory, and at the close of the
year the stock of foreign and domestic wool on hand
was estimated at about 26,000,000 pounds, against 36,000,000 pounds at the close of 1889.
Iron was very active and the demand continued on a
large scale for structural and all industrial purposes,
this being quite a feature of the year.
The total prodaction was much above that of any former year, but no
dated or brought under one cx)ntrol— notably
San Francisco taken over by the Atchison, and the Cincinnati
New Orleans & Texas Pacific by the East Tennessee Virginia
& Georgia] The long-and-short-haul^clause of the Inter-State
Commerce law remained a thorn in the side of railroad managers, but the decision of the U. S. Supreme Court in the
Minnesota milk cases was most important. This ruling was
very broad, and held that State Commissioners should notmake
rates that are unreasonable,
reasonable
is
and that the qu "stion
one for the courts to decide upon.
of
what
On
Dec. 15
is
1
:
1
THE CHRONICLE.
12
meeting of Western railroad preeidents was held at the
house of Mr. J. Pierpont Morgan in New York and the plan
of a new alliance was formed, from which much was expected
«
came
[Vol. LIL
The
excessively stringent.
on
rates
touched 1^ per cent a day, in addition to
call
frequently
6 per cent interest,
down
a fairly easy
There had
been great hopes of improvement from the new silver law,
FOREIGN CO»rMERCE.
under which the Treasury was compelled to purchase 4,500,000
There w«re three leading points in regard to the foreign
ounces
of silver per month, and issue notes therefor but the
trade of the country— first, the large surplu.s of crops brought
operation of this law, under which the first purchase was
in
exports
stimulated
which
prices,
low
the
over from 1889 and
made on August 13, was too slow to give speedy relief to the
the first six months secondly, the failure of cereal crops in
money market, and all the hopes on this score proved a delu
checked
which
higher
prices,
consequent
the
and
summer
the
sion.
The coin and currency supply of the country at differhelped
exports, though the abundant cotton crop materially
ent periods has been as follows
.the situation and, thirdly, the McKinley tariff law, which
COIN AND CURRENCY IN THE UNITED STATES.
affected foreign imports all around and induced too heavy a
purchase of goods and too large a demand for money from
Jan. 1, 1879. Jan. 1, 1890 July 1, 1880. Deo.
and the
call loan
condition
in 1891.
till
market did not
after the first
settle
week
to
of December.
;
;
:
;
1,
'merchants in the
The volume of trade was heavy, and for the fiscal year ending
June 30, 1990, the value of imports exceeded any former year
while exports had only been surpassed in 1880-81. For the
eleven months ending with Nov. 30 the imports of merchandise were about ^3,000,000 larger than exports, and the
net export of gold over imports had been $9,330,316, but
a/ferwards, in December, over $5,000,000 of gold was
imported.
rOREIOK COMMEBCE—SIX MOSTIIS AND ELKVBN MONTHS.
Odd coin
and bullion.
Silver dol'ars
Sliver bullion
Fraotloial silver
Naiional banknotes...
Legal tenders
Total In United Stat«8.
Of loMch—
Treasury
In bands of people
In
Total as above
6 moa. Sim.
1 to July 1.
1889.
11 mofl., Jan. 1 to Deo.
1690.
1889.
Exiwrts
.
.
S61.C81.P52
391,339,108
1890.
392,408,189
730,20(1.007
411.127,5.^2
710,023,551
759,180,494
762,300,471
Bu'ow... Im.30.6.^5,250,[m. 18.721 363 Ex 1",581.436
CMd
lEx.37.*»4,"16lEx.
The
position of
3.119,977
9,230,216
Iin.
2,860,037 Ei.39,920,7B8lEi.
BANK MOVEMENTS.
the New York City banks was one
of great
Tkeir reserves were low throughout the year, and
after the 1st of August they were unable to fully meet the
wants of their local customers, owing to the unprecedented
drain upon them from the West and South. This drain was
partly of the usual sort for moving crops, but largely also to
satisfy the requirements of parties engaged in various indusinterest.
trial
enterprises, speculations and real estate operations
throughout the country. The banks were often below their
35 per cent of required reserve, and finally on November 11,
with the failure of Decker, Howell & Co., involving also a
prominent bank, the Clearing- House again, issued loan certificates, of which the maximum amount outstanding at one time
was $15,306,000 on December 13, which was reduced by cancellations to $13,995,000 on December 31.
This crisis led to
much
discussion as to bank
for dealings in the future.
management and
the best method
twelve years.
MAXmCM AND MiyiMLM DBPOSITS OF NEW YORK CITT BANKS.
ifaximum.
1W>.
$254,770,700 Aujr.
307,790,709 Nov.
352,658.800 July
322,863,200 July
327,326,700 JiUy
363,544.400 Feb.
391,804,900 Auk.
39O,OS0,8OO Feb.
392,771,200 Feb.
421.S84,300 0ct.
445,797..500 July
431.59}),600Feb.
..
laso...
Sfinimum.
279,944,200
280,698,100
340,816,300
345,708,500
22
13
12
20
6
Mar. 31
June 21
Jan.
3
Sept 11
341,93,j,900 Sept. 2
371,305,900
39.';,6u0
8
7
JiiTi.
349,81)2.001
•10,729,078
78,699,216
666,008.805
36«,4e6,«6f
698,861,777
403,6e0,63»
•10,019,450
5,i!e6,538
76.8 4,
71,021,182
328.7»I,6?4
197,078,918
185,970,775
348.681.016
S48,681,01<i
346.681.016
346,681,018
1,061,420,M5 l,e71J.60,280 1,685,611,281
l,710,807.aBB
77,:«9,563
178.668,37«
1
233,T04,38a
2C6,»7I.2M
810,250,765
253,893,905
827,718,559 1,430,900,455 1,4^9,718 376
1, 501,736,603
1.051.420,945 1.671.160.220 1.685,611.281
1,710,807.<W1»
weak
6t0Dcc. 14
376,746,500 Dec. 13
AXIMOM AND MISIMUM gUHPLPg BE8ERVB FOB
TWELVE rEABsT
Maximum.
Minimum
017.877.300 Feb. I'rtef. !^7^T25
6oc
8
18,471.275 July 17tdef. 2461 875 D^'
2:333:27: gcT
fv4?.I'^ ^^l,
i
^^
•
are prepared in the nsual
form for the Chronicle as
follows
F?m^y'.*
Jan.
3..
10..
•'
" 17..
" 24..
" 31..
Feb. 7..
" 14..
f«
21
"
28!!
CALL LO.tNS ASD PRIME PAPER WEEKLY FOR 1890.
Prime WSend'g
CallLoanB.
Paper.
4
2
2
3
May
2..
4i«
®
a
®
"
30..
6..
13..
20..
27..
•'
"
5
®10
3
6
513
5
2>aa 5
3^3
2
8
a
7
2
3
6
2^2® 9
S^a
" 9.., 4
" 16.. 2
" 23.. 3
June
9
«12
3
" 18.
" 25.
-S5I3 Aug. 1.
5ia®6.
5 96
4
a
3
3
8
®11
®15
®10
a 12
®
a
7
6
•aio
®
®
2>s®
2 ®
2
3
'<^
5^««
8
5>aa6
5 aSig
95>s
6
8.
3
®'i0
" 15.
' 22.
®5l4
" 29.
Sept. 5.
®5ia
12.
19.
®5's
Sly
26
5iaa6
Oct. 3.
5i«®6
10.
17.
5>a®8
24.
31.
3
3
3
3
®25
•ails
®5iii
'•
'
'
'
'
'
'
'
Nov. 7.
5'aS6
5i2®6
5isa6
5>aa6
5
SbH
'
i
I
'•
5i9®6
5is5>ri
"
Dec.
"
I
•'
14.
21.
28.
5
12.
19.
26.
3
2
6
6
®
®15
®12
®
®
®
®
Prime
Paper.
9
2
2is3 6
"
21..
" 23..
April 4..
" II..
" 18..
" 25..
«45
®
Call Loans.
Friday.
5%®6i9 July 4.
" 11.
5^36ia
21-23 7
Mch. 7..
" 14..
fi
®5>«
a5«s
®6i«
®6>a
®6l3
&i4 p.d 6 ®6>9
&>apd
6
6<Si:>4p.d 6
6
8
21a® 7
214a 6
6
3
6
2
3
3
3
® 8
®30
® 5
;
6
sei-j
_
a6>a
®6ia
6
6
2>a® eiiap.d. 6
2 3 O&isp.d. 7
2 ® 8
7
3 ®15
7
2 a a &ia p.d. 7
2
3
» «
®
6
97
®6i«
®6ia
a7
®7
»7
»8
98
99
«g
6H97H
FOREIGN EXCHANGE.
exchange market in 1890 is closely identified with that of our money market.
There were very large
exports of merchandise in the first half of the year, but also
The
2 $193,121,700 April 5
6 242,087,100 Jau. 3
23 271.668,800 Mar. 12
29 277,930,000 Nov. 25
14
16
690,169.991
22,4B5,560
9,ial,417
The phases of the money market in each month are given
below in the monthly review of the stock market. The rates
on call loans and on prime commercial paper each
•'
The following table shows the maximum and minimum
of
deposits and surplus reserve of the Clearing-House
banks for
1879...
1880...
1881...
1882...
1883...
1884...
1886...
1886...
1867...
1888...
278,310, 1 26
This Includes trade dollar bullion held In the Treasury.
1.
S
tiiiports
ISBO.
Fall,
history of the
large imports of merchandise. In April and May the purchase of securities for foreign account was heavy, but
with the troubles in Buenos Ayres and some la<A of
confidence abroad about our silver legislation, stocks and
bonds were returned to our market pell mell, and prices were
driven down by this influx of securities from London.
later on,
In
about nine weeks ending with August 9th there was an ex-
New York of some $16,000,000, and in December an import of over |.j,000,000. Further details of ttta
exchange market are given in the review by months on followport of gold from
ing pages,
RAILROAD AND MISCELLANEOUS STOCKS.
30
^••T?r'lS^^"'y
3(),l:)b,42a Jan. ,30
22,298.4.50
24;712,650 Deo. 24
4 nos 9(in t\^„ TS
sSil'loo
Jt
"
J^. 29
28,463.700 June 161
J."l4.-*00 Jan."
26
Ml'^An
dof.
W
lil
ifeif^ Sjt
•f
JS^Si.MO
Jan. 25ldef.3:3«6:»28 8«r».
THE MONEY MARKET.
,^R
^t
13
"^ surpassing importance in 1890.
It'S^i^^^T'"",'''^
It
had been workmg closely in the
last three months of
1889
*nd just at the close rates were very
high. After
few^ys Of
January
call
money became
was never any remarkable
«"
after the fl«t of August.
sent
o«it
toeZt
easier,
stringencv
In
anTalthoS
tho
About'SJoO^oOO S
l^tween the middle of June
and Au£ru,t
With the large demand from the
West
™
1
,.
goMt
10,1.
^
2t tSZlyC
The
history of the stock and bond markets is given quite
at
length in the review of months, which will be found
below.
There are some reflections, however, to be made upon the remarkable course of events drawn from an observation of the
year as a whole. The first of these, which is rather obvious,
the delusive character of a great boom in the stock
market
based on some future event whose effect is uncertain. This
was the nature of the buoyant movement which took place
on the prospective influences of the silver law, and which
induced the loading up with great amounts of securities
is
ih
anticipation of a silver inflation which never
came. The
second point which the year enforced pretty thoroughly
wa-s
the close inter-dependence of the world's
markets upon each
and the fact that whenever London gets in straits
we
must be prepared to take home our stock^i and bonds at soma
other,
-
.
jAinTABT
A
price.
half of
..
THE CHRONICLE.
1801.]
8,
third influence of much importance in the last
was the decline in net earnings on many
tlie vfiir
railroads while their gross earnings still showed an increase,
and also tho continued large increase in gross earnings from
general business in spite of the well-known fact that the cereal
crops were very much below those of 18S9.
SaliH at the Stock Exchange for the full year were very near
the volume of transactions for 1839.
HKW rOBK STOCK
AT THE
B.ILK8
CXCIfASaB.
13
Oovernment bonds showed but small deilingsin the mar
purchases by the Treasury wore con«idi>rable after
week, amounting in the third week to upwards of
$7,000,000, though a large part of this was from the Bales by
banks whic^ were paying back to the Government the money
deposited with them, of which 10 per cent had been called ia
ket, but the
tho
first
by the Trea«ury— these sales were at 126 for the fours and
104% for the 4'^ per cents. On the 80th the Secretary, having
called in another 10 per cent of the O-overament dep<»it9, to be
paid by March 1 offered to purchase up to February 80 4 pet
cent bonds from the banks at 124.
The Stock Exchange markets were inclined towards strength
in the early part of the month, and as soon as money relaxed
prices generally advanced. The first serious check was gi ven by
the announcement about the 10th that no interest would be
paid on any of the Phila. & Read, preferred in<-ome bonds. This
was a great disappointment and its effect was felt throughout
the list of active stocks, leading first to a decline and then to
dulness. In the latter part of the month there was a much
better feeling, the tone had improved and prices advanced,
when another set-back was encountered in the attempt to
wreck the Sixth National Bank by parties who had purchased
controlof the stock, and the suspension of two smaller uptown
banks in consequence. The confidence and inherent strength
of the market were well shown by the calmness and resistance with which this extraordinary affair was met. The
Union Pacific and Chicago & Northwestern Railroad Companies withdrew from the Inter-State Railway Association,
owing to the decision of Chairman Walker against their joint
agreement, but this was also taken quietly by the stock marThere was a large and growing demand for investment
ket.
securities, and railroad bonds were dealt in freely.
Among the noteworthy events of the month may be mentioned
the formation of the Mo. K. & Texas syndicate to guarantee
the subscription to $23,000,000 of new 4 per cent bonds under
the Olcott plan, and the subsequent withdrawal of the plan of
the King Committee, as their 7 per cent bonds were to be paid
off.
The Rio Grande Western listed its new securities. The
usual quarterly dividend on St. Louis & San Francisco preferred stock was passed. The Inter-State Commerce Railway
Association met on the 14th, but only passed a resolution
looking to reorganization and disapproval of the Union Pacific-Northwest alliance. The St. Louis Arkansas & Texas plan
of reorganization (Olcott plan) was issued. Lake Erie &
Western declared its first quarterly dividend of 1 per cent on
the preferred stock. Manhattan Elevated made a blanket
mortgage for $40,000,000. The Scioto VaUey Road was sold in
foreclosure.
The Sixth National Bank trouble occurred, in
which a majority of the stock having been sold by the President,
Mr. Leland, to a syndicate composed of Messrs. Simmons, Pell
and others, they disposed of a large part of the bank's securities and misappropriated the funds. Two other small banks,
the Lenox Hill and Equitable were involved and closed
their doors.
Criminal prosecutions followed and some of the
wreckers were convicted and sent to the State prison. Louisville & Nashville announced the issue of $13,000,000 new stock,
offered to stockholders at 85, and the payment of its $10,000,000 of collateral trust sixes on May 1, 1890. The U. S.
Supreme Court decided a North Carolina bond case in favor
of the State, following its former decisions that a State can
not be sued in any form by citizens. Secretary Windom
called for another 10 per cent of the money on deposit with
national banks, to be paid in by March 1 and offered to buy
their 4 per cent bonds up to February 20 at 124.
,
•RK nnd
1383
1RB6
1887
1888
1889
1890
*
mockg.
bonds.
SJiaret.
$
$
560.010,200
38.^,8S9,.'500
ll»i,H07,271
P7,0 »9.!)IH)
'24H,7«0.tlO
•2Sl,7C8.10O
96,154,971
92.^38.9I7
490,955,200
l(0,80a.0,->0
5H7,3:(7,500
84.91 1.GIG
347,127,330
345,H14,057
3U8.82.\425
401.829,220
71.282.88.">
cAt«8, iScc, sold In
all
9
58,459,600
35,395,850
19,555,850
17,0i«,l50
14,905,150
15,2«1,200
12,793.500
7,H0,-100
6,573.700
3,698,850
8tf'>,«59,400
6S,l79,iO«
72,01 l.biio
Stat«
bonds.
bonds.
97,!nn.()»9
This includes
OoTemment
Itlla.
lll.MI.ilS
1990
m-
RR. and
Ml8.
2,625..500
15,497,400
40,.^60,:W0
20,571,200
6,9'6..'")iK)
2,«2(i,000
14,67S,05:(
20.391.111
15,30«,'00
5 188,2*5
5.932,a50
4,870,400
stucka (except bsuk stooka) and also Trust oernH-
tUe"unlUtel" department, esoept petroleam
oertifl
oatea sold by barrels.
The following table shows the opening, highest, lowesb
wad closing prices of leading groups of stocks during th?
year 1890.
BAKOB OF LRADISO STOCKS
Open
I
Lowft.
ing.
& Albany
Krie
217«j
261%
Lake Shore
l<i4»s
Delaware & Hudson
Lebl)ib
Valey
*
92%
;
185
16
101
83
Dee.
Dee.
31
It
Nov. IC
«
Dec.
Deo.
8
9514 Deo.
H
15 Nov. 19
4738 Nov. It
53 >«
123% Nov. 15
147
53
120 Dec.
C
x47is Dec. 10
90 Nov. u
5% Nov. 15
1
26H
Dec.
8
3338
23 "s Nov. 15
Chicago Burl'tfn it Q 10714
ClilcacoM. &St. Paul 091a
CutoaKo & N'wcstern. Uli8
80 Nov. 1.^
4i Nov. 15
98 Dec.
8
61i«Nov. 21
60 Deo.
9
85 Nov. 10
Cbic. R.
APacitlc..
I.
1071a M»y ZS
2311a Aug. 14
02%
194
29 « May IS
18%
114i8June 5 xlOeia
104% June
1
6
June
91%
s
27% Aug.
S6H May
28
1
xlOlia
19
111
60
[
135»!i
Kew Jersey Central.. 126%
7^8
N. Y. Sus & Wesiern.
Phlla.'Jc ReadlDjr
Sb's
Weat'u & go w. Roads—
Atch'n Top. iS. F..
Oloti'g.
1
94 M
Mtchiican Central
N. Y. Cent. & Hud"OU 106:58
OWo A Mississippi... 21's
Penn8>lvania "
Coal Roads—
Del. Lack. & Weetern
HiatuM.
1
Trunk Lines—
BaUimore &ObIo.... 101
Boston
IS 1890.
97%
Great Nirthcru
7338
liliDois Central
Missouri PttciUo
117%
71 «
53
Deo.
67
N.,v.
8
149i«Jnly 21
175 May 14
54% May 19
1281b May 14
9
May
131 Tg
132
49
1051a
•38
48i«May
lo
19
3'2'i
503s
May
16
28^8
79=8
May 26
May 26
llliaMay 10
117
4
86 June 10
120 Jan. 31
79i4May io
9858 Jan.
90
5133
105
70 >»
7-2
97
60^8
Pacido Roads
Canadian Padtio....
'Central PaeiHo
Koithern
Do
pret.
Parilio
74%
34%
.
Southern
Union Paciic
6o38
.Southern Roads
East Ten. Va. &Ga..
do
do
1
St p'f "d
2d
p't'il
I,ouisTille& NasUir..
Naab. Cbat. & St. L
Norfolk & Western.
.
« Do
^leh.
Do
.
&
W.
19
28>» Nov. 18
tl«% Nov. 11
5-5
Nov. 11
22 "a Oct. 29
10 Dec. 8
3078
I'uciflo
do
Do
Do
TO
33 H
do pref.
Term..
do pref
P.
Am. CoitonOilTiusi
ChioaKO Gaa Tiust..
Lead Trust
Manhattiiu Elevated
Pai-ltto Mall
6%
9'4
70
86
22
oiH
Silver liulllon eoitU's
Tel.
Per share of $50.
2714
921a
48 Nov.
ISijNov.
77
601a
D,.c.
301.J
13
Deo.
l!»
l.>
8
8
Nov. 17
32
14>«Dec.
s
92 Nov. 10
27%
3658
Pipe LineCertifleatcs 102*8
Sugar Trust
Western Union
10
65 Is Nov. 19
90 14 Deo. 31
13 Nov. 10
aos,
43 14
20
102
Dec.
601s Dec.
t-
96% Nov.
97 >,
58
83 <
48
71%
t
86 May 19
37i4Apr. 22
eS'sJan. 28
Ills
Dec.
Deo.
131a Nov.
102
361a May 17
391a June 10
9
24
55
21I3
84i4Aag. 16
8
1!
Nov. 26
Dec.
9
Under the
81
106
2478
6638
28I4
871a
May
M.v
73 14
30
2II9
64
26
4311
21
7
8-
59%
16i«
May 21
May
5
Sept.
2
May 6
May 20
May 21
May 21
73 18
OO'l
14
16
07 >4
34>«May 19
16
65
3«'4
May
May
May
15
15
117
16
4738 July 18
IdSkJau. 21
121 Aug. 19
05 Mny 21
87 May 14
241s
17
95%
33 14
70 "a
104 '4
sria
703,
rule; cash.
EVENTS OF THE YEAR.
January.— The month opened with a very
.
521a
,
stringent
money
market, and on the 3d of January call loans were made
aa high as 45 per cent in exceptional cases, while much
money was loaned at 25. The Bank of England rate was at 6
per cent, to which point it had been advanced on December 30
and there remained until February 20, when it was reduced to
a. The New York City bank statement made on Jan. 4 showed
a surplus above the legal requirement of $1,756,000, which on
*he llth had been increased to $6,015,700, and after that date
money on call became fairly easy with 6 per cent as the iraximum rate on January 31 the city banks' surplus was |14,268,450. Foreign exchange was demoralized early in the
month by the high rates for money here and in London and
sterling bills were sold as low as 4 79J^ and 4 83}^ for long and
—
February. The money market
and the average rate paid on
fairly
in
February worked very
call
loans
was generally
4'^5 per cent until near the close of the month, when as high
as 10 per cent was paid on some business. The city b»" is had
;duced
February 1 of $14,268,4.50 and this waby Saturday the 28th. Foreign ex"' Mnge inclined towards easier rates, with a good supply of bUU, and lata
in the month with closer money here the posted rates were
4 81}^ for 60 days and 4 85)^ for demand bills, against 4 84 and
4 88 in the first week. The Bank of England rate remained at
6 per cent imtil February 20, when it was reduced to 5.
The Government purchases of bonds were quite moderate
each week, at 104?g for the 4}^ and 124 for the 4s, until the third
short respectively, while bankers' posted rates were 4 80}^ and week, when $3,231,000 of the 4s were purchased from banks
4 6i}4.
Rates improved rapidly and business increased as that were paying up their 10 per cent of Government deposits.
money relaxed, and at the close bankers' asking rates were Railroad bonds were firm on a reasonably good business in the
484>^ana4e8>i.
early part of the month, but soon fell off and beoame dull»
;
a surplus
<5n
to $3,700,800
.
.
u
THE CHUOlSiCLK
towards
with prices irregular and without special feature
the end Beading third incomes fell oflf to 38.
The course of the stock market in February was quite
;
downunsatisfactory and the tendency of prices generally
The large decline in the city banks' surplus,
ward.
Northern R>al
cutting of rates again by the Barlin^ton
&
pawing
of
dividend
the
on
Chicago
,
&
wide fluctuations in certain
Illinois preferred,
Eastern
specialties,
& Iron— w hich broke from 86 to
extremo limits, were the principal features which
made the market irregular. The coal stocks were pushed up
early in the month, B jadiag to 43 Ji and Laokawanaa to 137^
Rock Island was weak Burlington & Quincy increased the
Sugar certificates fluctu quarterly dividend to \}4 per cent
stocks generally beThen
to
from
5<5}^.
ated widely
69}i
came weak on the poor bank statements, free selling of the
grangers," led by Rock Island, and considei-able bear pressure. In the last week there was a faint wave of animation
from Chicago on account of its success with Congress in getting the World's Fair, but stocks soon turned down again.
particularly in Tennessee Coal
51 as the
'<
;
;
Two exceptionally
strong stocks were Louisville
& Nashville,
to 90^, and Union Pacific at 881^.
Other events of the month were the advance from 1 to IJ^ in
the Burlington dividend; passing of the Chicago & E. III. pref
dividend ; a dividend of 4 per cent for the year 1889 on Cin
N. O. & Tei. Pacific stock ; the Great Northern consolidation
of the St, Paul Minneapolis & Man itoba system as per circular
of October, 1889 listing of the Edison General Electric Com-
up
;
pany's securities ; reduction in the Bank of England rate to 6
sale of the Ohio Indiana & Western
per oent on the 20th
railroad and its reorganization in the "Big Four" interest as
tiie Peoria
Eastern.
;
&
—
Mabch. The money market was without disturbance in
March and call loans were easily obtained at 3g0 per cent,
with 4<a4J^ as the general average. The New York City banks
had a surplus reserve of $3,364,300 on the 1st and $4,331,650
by their last statement of the month on the 29th. The Bank of
England reduced its rate on the 6th from 5 to 4}^ per cent
and on the 18th to 4 per cent. Foreign exchange opened at
easy rates and advanced the first week, but afterwards was a
trifle easier with the Bank of England reductions, but late in
the month advanced to 4 85 and 4 88, some stocks selling here
.
for English account.
.
[Vol. LII.
000 bonds. Canadian Pacific was authorized to issue $6,000,
000 bonds to aid in purchase of steamships. The Kanawha <Sfc
Ohio road was sold in foreclosure March 4. Decree of foreclosure was entered against the Jacksonville Southeastern.
The Shreveport & Houston decree of sale was entered. Georgia State bonds for $1,900,000 were offered for sale. The
Northwestern Road was sold in foreclosure March 13.
&
Ohio
The
Philadelphia & Reading trustee of income mortgages reported
$90,101 net surplus in 1889 applicable to 1st preferred incomes,
or $3 75 for each coupon of $50. to be paid April 1. American
Cotton Oil new stock, preferred and common, was first quoted
on the " unlisted " department. Mr. Brb was appointed receiver of the Kansas City Wyandotte & Northwestern Road.
The Union Ferry Company's stock was bought up by Messrs.
H. B. Hollins
Co. for a syndicate.
&
April.
—The money market worked somewhat more closely
in April,
and during most of the month there wore exceptional
transactions in call loans above the 6 per cent rate, but 9 per
cent in the latter part was the highest rate made, and the bulk
The New
having
a surplus above the legal requirement of $4,331,000 on March
29; $1,443,000 on April 5; $453,400on the 12th; $1,334,450 on the
19th and $3,333,235 on the 36th.
Foreign exchange was
pretty firm till near the close of the month, when rates weakened. From 4 86J^ and 4 SSJ^ about the 10th the posted rates
of bankers were 4 85 and 4 87 at the close. On April 17th the
Bank of England rate was reduced from 4 to 3 per cent.
The Government purchases of bonds were small till after
the middle of the month, but in the third week over $8,000,000 were taken, of which more than three-fourths were 4s at
At the Stock Exchange there was a good business in
122.
State and railroad bonds at firmer prices. The course was a
crescendo, the market rising in activity and higher prices till
the last week, when many bonds (53 separate issues in all) on
an active demand reached the highest prices so far made in
the year. The course of stocks was much the same as that of
bonds, and after some irregularity in tone in the first half of
the month there was a steady improvement leading up to a
strong and even buoyant market in the latter jiart, no less
than 41 stocks in the week ending AprU 25 selling at the
highest prices of the year up to that time. The easy money
in London and the silver discussion in Congress, together with
the large railroad earnings, were the chief elements which
helped this bull movement and led to the active buying of
securities both for home and foreign accpunt.
Among the railroads a settlement of the Reading controversy
was made and a representative of the Rice party was admitted to the management. Union Pacific was pushed up on reports of Vanderbilt interest in it.
Western National Bank
stock became very active about the 15th, advancing sharply
when Messrs. Depew, Whitney and Hvde became director^
and Mr. Brayton Ives President. The'Clev. Cin. Chic. & St.
of business was done between 4 and 6 per
York Clearing House banks were low in their
Government bonds were rather firmer, as the Secretary reBumed the purchase of 4s at 123 and took in the month about
110,000,000 of them. At the Stock Exchange railroad bonds
met with but an indifferent demand and business was without
mtich animation, though prices were stronger towards the Louis (Big
Four) purchased
cent.
reserves,
5,000 shares (one-half) of the Cin.
Reading bonds all sold down with the stock the L. New Wabash & Michigan Road; the Lake Erie & Western bought
Alb. & Chic, bonds declined on free sales made on the change the Fort Wayne Cin. & Louisville. The Natchez Jackson &
of management; Atchison new 4s and incomes were weak; Columbus Road was sold to the Louisville N. O. & Texas. The
St. Louis Ark. & Texas parties agreed on a plan of reorganizaM. BL & T. new 4 per cent interim certificates came on the
tion. The Boston & Maine and Eastern RR. consolidation was
market. Stocks in the first week of March were irregular and approved by stockholders. A majority of the Buff. Rochesty
dedining. St. Paul, «%%; Western Union Telegraph down to & Pitts. RR. stock was sold out to a coal syndicate. East
Tenn. voted to purchase control of the Cin. N. O. & Tex. Pac.
81 lii on Congressional prospect; Readmg down toSSS^';
oloae.
;
Chic-
ago Gas, 42>^ on application for receiver; Sugar Trust 69^^
an active buying. Then came the small comer in Reading
«i the 10th, when the price was 41J^ " regular "—that is, deliverable the next day— and at the same time 425^ caah,
or deliverable the day of purchase. In the consequent excitement
in
dealings there was said to have been a larger difference
at one
Ume, amounting to over 3 per cent. On the 12th it was announced from Boston that the Chicago Burl. & Quincy had
purchased control of the Bur. & Northern and the grangers
and Atchison became strong. Union Pacific was one
of the
weak stocks on smaller net earnings reported for
January;
Traneesee Coal fell to 43>^ and afterwards rose to
54?^ on reportii of a settlement of the Inmaa litigation.
L. N.- Albany
&
Chic, declined to 40 on the change of
management; Sugar and
Caiicago Gas were at-tive in fluctuations;
towards the close Missouri Pacific was strong and the Villards
notably strong,
Oregon Trans-Continental reaching 30.
Ir. addition to events above
named there was the resignation of Prince Bismarck as Prime
Minister of Germany, rumors of an Atchison China steamship line to be
established
and the important U. S. Supreme Court decision
in the Min-
nesota raUroad suits (milk cases), holding
that rates prescribed
by Statfi Railroad Commissioners must be "
reasonable "' and
that the question of what are reasonable
rates can be brought
before the courts for adjudication.
leased the
West Va.
&
Pittsburg
The Baltimore & Ohio
Road and guaranteed $4 000
-
roads, including Cin. Southern, and to issue $6,000,000 of 6
per cent collateral trust bonds. The Linseed Oil Trust was
changed to a company. The H. B. Claflin Company was organized with $9,000,000 capital. The American Cotton Oil
Company was organized to take over the Trust property. The
Houston & Texas Centrdl injunction was granted in New York
against the issue of stock.
May.—The money market showed more activity this month,
and every week the highest rate paid on call loans went above
6 per cent, reaching 15 per cent about the middle of the
month and 10 per cent in the later weeks ; but the larger part
of stock-brokers' business was done at 4@ 6 per cent. The city
banks were low in reserve and their surplus was $3,128,736
OB the 3d, $1,486,975 on the 10th, $2,013,875 on the 17th,
$8,471,800 on the 24th and $4,912,125 on the 81st. Foreign
exchange ruled at easy rates, owing mainly to the large
amount of bills made against the purchase of securities for
foreign account. Opening at 4 85 B 4 87 rates declined to 4 84®
4 86 on the 23d, but rose to 4 85i^@4 87i^ at the close.
The Government purchases of bonds amounted to only
about $5,000,000, the fours being taken at 132. At the Stock
Exchange the demand for railroad bonds was lai-ge, and prices
were buoyant during the first three weeks of the month, and
the boom was at its height. Buying was heavy by both foreign and home purchasers, and income bonds were particularly
active, being taken largely on speculative account.
In the
last week of May there was much less activity and less demand from London, the closing being relatively quiet and
prices woaker. The stock market was very active and buoyant in May, and many stocks then reached their highest point
of the whole year 1890. The spirit of speculative buoyancy
got full pos lession of the market, and prices of many stocks
reached abuorn
bigh figures, of which the following are
;
jAJfCABT
THE CHRONIQLK.
1891.)
3,
Oliicjigo Gum 0"), Su^ar Trusl 95, Ucl. & UudCunal 175, RcadiuK 48U, O. T. 49^. Ediaon Elpotric 119,
Norlbern l'ai-.itlo pret. 86. Atchison (on the Ht. LouU & San
Fraacisoo purchase) 50^, Rich. Terminal (on talk of the B. &
O. deal) 28kf American Cotton Oil trust receipts 84J^. Boston
was iMirtiiuiIarly mitliusiastio over hor specialties, ami the sales
at the Exchange on May 14 were the largest ever known the
)ri<!e (Mild for a BoHton Stock Exchange seat rose to $H(,5()0.
\In the latter part of the month there was less general activity,
though gome stocks were still very strong and the Vanderbilts
at their highest. Sugar Trust was down to 75}^ and Chicago
Ohs from 04% to 50. Just at the close, on the day before Dt>coration Day, there was (|uite a break in prices, under bear
miuw fxampliw
:
H4III
,
;
attacks.
railroad events were the settlement of the ChiAtlantic plan the offering by Chicago BurlinKt<in
Quincy of $7,639,000 debentures (10 percent) to stockholders at
jmr. The Comstock Tunnel deferred payment of interest due
May 1 on income bonds, owing to litigation Duhith S. Shore
Atlantic authorized $30,000,00*) of 4 per cents guaranteed b^
Canadian Pacific. Pennsylvania Railroad paid 3 per cent dividend (% i)er cent of this as an extra) and offered $9,079,088
new stock to stockholders at par. The.St. Louis Alton & Terre
Haute negotiation for sale of main line to Big Four was reported. Louisville Southern was acquired by East Tennessee.
Mo. Pac. offered $7,000,000 of 5 per cent collateral trust bonds
at $950 for each $1,000 bond plus $100 in Mo. P. sttx-k. The
Del.
Hudson made an agreement to lease the Rutland lliiilroad from December 1, 1890 (relinquished in December). Jacksonville Southeastern was foreclosed May U. The St. Louis
by Atchison by an exchange
<Sc .San Francisco was purchased
of .stock (except the first preferred). The Oregon Short Line
.\mong the
ciigo
&
&
;
;
&
&
&
Utah Northern $13,000. 00<) collateral
trust
bonds were made.
Richmond Terminal
increased its stock to about $70,000,000,
and Lssued $5,700,000 more of its collateral trust lives. The
Virginia coupon cases were again decided in favor of bondholders by the U. S. Supreme Court. On the 3t?th the Chicago
Gas receiver was decided on. The Big Four declared an extra
The Norfolk .Southern reorgani1 per cent on common stock.
zation plan wft.s submitted. In Pacific Mail Mr. CJeorge Gfould
resigneid aa President, and Mr. J. B. Houston was elected.
—
Money was in fair supply during June, and while
usual rate was 4>^ to o per cent on call, there were excef)tional transactions above 6 per cent, reaching as high as 13
4>er cent in the first week and 10 per cent in the last week.
The city banks' surpluti rose to $b, 987, 900 on the 14th and on
the 28tb was ?6,643,550. Foreign exchange was more active
and rates decidedly tirmer. The bills offering against tlie
purchase of securities for foreign account were smaller, rates
for sterling advanced bo 4 86 d4 88J^, and in the last three
weeks of the month there was an export of gold amounting
to about $3,700,000. On the 86th the Bank of England rate
was advanced to 4 per cent.
Grovernment purchases of bonds were mo<lerate, amounting
to about $3,000,000, a small amount of 43 l)eing taikeu early in
the month at 132. In railroad bonds there was firmness and
some activity In specialties, such as the Missouri Kansas &
Te.xas 4s, Reading incomes, Richmond Terminal Ss, Atchison
incomes and Texas & Pacific incomes. But there was no general demand for bonds, such as that which existed in May.
Stocks were strong in the first part of the month the silver
law was in prospect, harmony among the railroads of the
Northwest was reiwrted, the negotiation of the Mexican Government loan for £8,000,000 helped Mexican Central, by the
prospect of a round cash payment for its subsidy, and the'
Vanaerbilt stocks were favorites at higher prices. Sugar
Trust certificates were active and fluctuating. But the market
a<x)n became irregular, the foreign demand for stocks was less
active, and money in London was firmer; Boston was at times
a considerable seller of Sugar certificates, Atchison, Mexican
Central and Oregon Trans-Continental. It was rather evident
that the climax had *)een reached in May, and tlie course of
speculation was irregular and towards lower prices. The gold
exports had some influence, and the switchmens' .strike in
Cleveland also acted as a check in the third week in the month.
The Oregon Trans-Continental plan of reorganization as the
North American Company was issued Reading was strong,
and it was announced that Mr. Corbin would retire from the
presidency the receiver of the Chicago Gas Company was
discharged Mexican Central went up to 31^ on the 4th.
Among other events of the month worth mentioning were
the Baltimore & Ohio transaction, by which the State and
city stock was sold and a controlling interest in the whole
stock was obtained by a local syndicate. The Scioto Valley &
New England stock was purchased by Norfolk & Western. A
strike occurred on the Illinois Central Railroad late in the
month. A receiver was appointed for Chicago Gas on the
2d.
Laclede Gas procured a temporary injunction against the
city of St. Louis. Tho Central Georgia Railroad made its conJune.
tlie
;
;
;
;
&
solidated mortgage for §13.(J00.0(X). Tho Pitts. Cin. Chicago
St. L. consolidation .scheme was approved by directors of
the constituent roads. The Lehigh Valley announced its plan
of building to Buffalo under the name of the Lehigh Valley
Railway in New York. The N. Y. Central * Hudson authorized
$15,(XH\000 of 4 (Mir cent deljentures falling due in 1905.
Notice was given that the Oregon Transcontinental bonds would
be paid off Novemljer 1 at 105 and Northern Pacific 5 p<>r cent
consols sold to a syndicate to redeem them, or exchange on
basis of 105 for O. T. 6 per cent bonds and 983.^ for Northern
Pacific Ss. The Great Northern sold £8,000.000 of its 4 per
(xMits tt. the Barings at 86. The Louisville
Nashville decided
&
15
its " unified " 4 p<!r cent mortgage.
The article* of
incorporation of the Nortli
th American
An
Conri[>auy to «ucc«ed thn
Oregon Traii8-(^)ntinental were filed io Trenton, N. J., with
a capital of $50,(X)0,000. The American Gas Investment Company was incorporate<l at Trenton with stock of $90,000,000.
The Chicago Gas receiver was discharged. It was propoaed t«
reduce the Louisville Southern l>oiid interest to 5 i>er o«nt,
guaranteed by East Tetin. Va.
Ga. Mr. McLeod was made
President of lieuding in place of Mr. (k)rbin. The Sugar Trust
case was decided adversely to the Trust by N. Y. Court
of Appeals, and the Trust was to be dissolved. The Virginia
State debt settlement was undertaken and a committee appointed.
July.— Money in July was fairly easy after the first part of
the month, when rates were made on call loans as high as 9
per cent. Th?* city banks' surplus over the required re.serva
was $6,043,.').J0 on June 38, $:^,846,950 on July 5, $0,283,075 on
July 13, $5,703,400 on July 19 and $6,053,125 on Julv 36. The
Bank of England rate remained at 4 per cent until tlie 3Ist,
when it was advanced to 5 per cent. Exports of gold were
considerable, amounting to about $4,000,000 up to the 86th
and $5,500,OiOO more in the week ending August 2. Foreign
exchange was strong, particularly for short bills, which rose
to 4 89).< and in the last week to 4 90, while 60 days' sterling
was 4 85.
Government bonds were steady in the first part of the
month and without special feature till the 19th, when a
Treasury circular was issued offering to purchase bonds for
the sinking fund, and in the last two weeks the bonds accepted
under this were about $900,000 4% per cents at 103J^-103%
and about $9,300,000 4s at 122-36 to 134. Railroad bonds in July
were somewhat irregular, with the chief activity in special
issues.
The San Antonio
Aransas Pass Railroad made default on its first mortgage coupons due July 1, and the bond.s
fell off to 70 for the issue of 1936.
II<x;king Valley Ss, Atchison incomes and Mobile
Ohio 4s all had their periods of animation, with much strength. The stock market during July
did not show any extraordinary movement, notwithstanding
the final passage of the Silver bill, which was approved July
14.
The Agricultural Bureau report was unfavorable on winter wheat and oats.
London was affected by the financial
troubles in Buenos Ay res and by the consequent rise in money
there, which prohibited any considerable buying of our securities
and in the last week, when the Bank of England rate
was advanced to 5 per cent, London became a seller; in fact,
iJie sales of stocks and bonds for London account was one of
the principal features of the summer and fall movement.
There was occasional strength and lively business in certain
stocks, and Sugar Tni.sts fluctuated widely, as usual.
Lackawanna touched 149^^ on July 21, the highest point ot the
year; also Pullman 333 on the 34th and Pacific Mail 47J^ on
tho 18th. The coalers were generally stronger than other
stocks.
Tlie dividend on St. Louis
San Francisco first preferred was passed and the price fell to 70. Silver bullion certificates, stimulated by the new law, became more animated,
and advanced to 113J-^ at the close.
Among the railroad events were the offering of $6,000,000
bonds guaranteed by Lehigh Valley, which were over-subscribed; the Alabama Midland sale to tho .Savannah Florida
Western; the terms of sale of the St. Louis Alton
Terre
Haute main line to the "Big Four" were announced as $10,000,OOO in 4 per cent bonds; the Western Maryland issued its cir- cular in regard to extensions, etc. the Chic. June. Railways A;
Union Stock Yarils stock of $13,000,000 was offered July 31 the
Procter
Gamble Company's stock of $4,500,000 was offered
the same date; the Missouri Pacific stockholders on July 16
voted to authoriie the $10,000,000 of new stock and $t0,600,000 of new bonds; five memberships in the New Yorlc Produce
Exchange were sold at auction for prices between $766 and
$800 each; receivers were appointed for the San Antonio
Aransas Pass Road; the St. Ixjuis & San Fran, authorized $10,000,000 of new sUxik; the St. Paul Min.
Manitoba mortgage
was made for £6,000,000; the Mexican Government contract
with Messrs. Bloichroder for a £6,000,000 loan was executed
decree of sale of the St. Louis Ark.
Texas Railroad was
made; the Seattle Lake Shore
Eastern Road was purchased
to issue
&
&
&
;
&
&
&
;
;
&
A
&
&
&
by Northern Pacific.
August. In August began the first money panic of the
season. The city banks on the 3d showed a surplus reserve of
$8,959,650; on the 9th only $1,386,000; on the 16th a deficit below the legal limit of $655,735; on the 33d a deficit of $3,512,There was a large
975, and on the 30th a deficit of $536,675.
export of gold in the week ending Aug. 3, amounting to over
$6,550,000, and in the week ending Aug. 9, $3,000,000, and the
demand for money from the West and South was large.
Rates were very stringent for call loans, reaching 80 per cent
the first week, 25 the next week and on the 81st }^ of 1 per
cent commission was paid in addition to 6 per cent interest, or
equivalent to 186 per cent a year. Secretary Windom issued
his circulars and purchased bonds aa below stated, and money
then relaxed, reaching no higher rate than 15 per cent in the
last week.
Foreign exchange was demoralized by the high
rates for money here, though on the 81st the Bank of England
rate was reduced from 5 to 4 per cent. There was also some
offering of cotton bills against future shipments, and late in
the month sterling bills were quoted at 4 88J^ and 4 86J^.
Government bonds were firm under the Treasury buyinKi
which took in the first week about $2,1.50,000 lx>n(ls, moauy
48, at 134, and the second week $3,500,000, nearly all 4s. at
1'34.
On the 19th the Treasury circular was issued offering
to redeem $15,000,000 of the 43^ per cents with interest to
—
THE CHRONICLE.
16
and on the 2lBt another circular, making the
$20,000,000 with full interest to September 1, 1891,
the date < f maturity of the bonds. Up to the 29th there was
purchased under this offer $n,9.59,C00. On the 30th a second
circular was issmd, offering to redeem another $20,000,000 of
4}{ per cents at par and full interest to maturity. Railroad
bonds were niucn unsettled in August and cenerally weak.
Junel.
1«91,
amonnt
The Atchison income bonds, though having 2% per cent interest on them already declared payable September 1, declined,
and other irconie bonds were weak, particularly the Reading
Sd preferred incomes. Colorado Mid. 4s were much higher on
[Vol. UI.
Ccmpany was organized with stock of $25,000 which 110,000,000 was 8 per cent preferred the Cin.
Sandusky & Cleveland sale to Big Four was ccmnleted by the
directors; St. Paul acquired the Milwaukee & Northern Road
by exchange of stock snare for share.
ican Tobacco
000, of
;
October.— Money was obtainable
rates, usually
the
month
A}..^Ca
in
October at very fair
and rot until the last week in
money command an e.\traoidinary price,
6 per cent,
did call
and then the maximum rale was 30 per cent per annum!
After the rtmaikable bank statement of Sept. 27, when the
surplus reserve was §14.075,400, the banks fell off again rapthe prospective purchase of the road by Atchison. Stocks
were feverish and generally lower; the very tight money
market, the financial troubles in Buenos Ayres, much selling
here for London account, bad crop reports and the strike on
the N. Y. C. & HuJ. River RR. were all depressing influences which caused a number of stocks to dechne to
lower points than they had previously reached during the
year. There was a better tone in the last week, owing to the
unproved money outlook and to the fact that the New York
Central strike had virtually failed, as it was not approved by the
Federation of railroad employees. A few stocks were exceptionally strong, notably Den. & Rio Gr. prefeired, which touched
61k August 2^, the highest point of the year, Col. & Hock.
Vah, also Buckeve Pipe Line certificates at 4238 on
August
1^.
The speculation
in silver
bullion
certificates
reached a climax very quickly. The first purchases by the
Government, under the new law, requiring the purchase of
4,500,000 ounces per month, were made on August 13, and it
soon appeared as if an attempt would be made to comer the
modeiate supply of silver in order to force the Treasury to pay
high prices, and by the 19th of August the price of bullion
certificates at the Stock Exchange had been forced up to 121.
the highest point reached, from which they fell off gradually.
Among the financial events in August were the mcorporation of the J. & P. Coats Company, with a capitalization of
$18,055,036, to take over the thread business of the firm; the
declaration of 2^^ per cent on Atchison incomes for the nine
months ending June 30; very bad crop reports of the Agricultural Bureau, except on cotton; the strike on the N. Y.
Central Railroad, which was opposed successf Uy by Vice-I^esident Webb; the Union Pacific Denver & Gulf issued its new
securities in exchange for the old: the Bait. Belt Line RR
loan of $6,000,000 guaranteed by B. & O., was placf d;
the
Chicago & Atlantic Railroad was foreclosed and bought in for
the N. Y. Lake Erie & Western; Reading purchased lands
for a termmus on Arthur Kills near Perth Amboy
American
Cotton Oil announced the is.sue of $4,000,000 8 per cent bonds
and a new board of directors.
i
:
'
September. --Money in the first week of September was
«ieier although 12 per cent was paid in exceptional
instances.
But the city banks' statemtnt on the 6th showed a deficit in
legalreservesof $1,401,125, and in the next week
rates
up to 6 per cent plus i,^ per cent commission, equal to 186were
per
"'^ ">« 13th was $3,306,925;
^°it•o^KM'"'*''^^"°^'^^»^"'
"l^.^'irplus was $1,905,200 and on the 27th it
was
The climax was reached on Saturday the 13th
when the Treasury issued a circular offering to buv"$16
000 000
of 4 per cent bonds on Wednesday the 17th.
and act >aUy accented on that day $16,981,800 at 135 to
126?^.
Money then
relaxed and rates were easy, with 6 per
cent ds a maiimnm
during the balance of thi month.
^Forri^l/chan^ewS
deinorahzed by the money pressure, and bills
were ^°d much
^^
Sf.***
$14,070,400,
^
•
On
the 25th the Bank of
"ate
^i^'^f^'f
was
raised to 5 per cent, having stood at
4 since
and inoney became close in London. Bankers' AuTiwt 21
posted rates
r*^
En|Cd
•^vLA
a urin.li VI 9i»-±,oiu, nuu vu
a surplus ot $701, y75.
the beginning of the
i-Nuv. 1
Foreign exchange was strongest at
month, and alter that ruled lower, bills being offered freely
against cotton shipments. On the 8d sterling was quoted at
4 83 and 4 88 as posted rates, thence declining to 4 81 and
4 861^'. and after slight improvement closing at 4 81>^ and 4 86.
Ihe Government purchases of bonds weie small early in the
month, and on the 9th the Treasury offered to «edeem "till
further notice" the 4?^ per cents with lull interest to
Sept
1, 1891, and about §3,670,000 were taken during the balance
of
October. The fours ruled firm at 124. Railroad bonds were
not conspicuous for activity. There was a little strength early
in the month, but this gave way to weakness before
the 10th
and prices declined materially, Atchison incomes to 55 Reading 3d pref. incomes to 34 and Richmond Terminal
5s to 68
The balance of the month showed tome improvement at time?"
but never a strong and confident tone, and the market
kept
pace more or less with the fluctuaticns in stocks. AViih
these the opening was sensitive and weak, and
this feeling
soon developed into greater heaviness and demoralization
with
large declines in many stocks, especially those held
in London
which were freely sold down. The situation improved but
little, London continued to sell, and with the
bank surplus
gone and tight money again pressing, the month closed with a
number
of stocks below their record so far in the year. Silver
had declined to 103.
'«'''"oad events of the month were the offering
firnrTcnn*"
of
$5,OCO,C0O new stock at par to stockholders
by the Boston
Albany; the default. Oct. 1, on the Oregon Pacific bends:
the
decision holding valid the old lea.e of the Cedar
Falk
Minnefota to Dubuque & Sioux City; the Illinois Central
stockholders voted to issue a5,tiCO,00O new stock; the St.
Lcuis Alton
'•'^^ ^^''' '^"^ approved by the stockholdT?r"T^ °J^'°
ers; rf*
the M.
K.
T. new bctds were delivered Oct. 8; the
Reading plan was made knowL for an extension to Port Reading on the Kills; the Noithern Pacific meeting
passed a dividend i^.'olution; the Sugar Tiust injunction was
granted by
Judge Pratt: the St. Louis Arkan.'as
Texas Road was sold in
foreclosure; the Third Avenue (N. Y.) Street
RR. Company decided to mcreaseitscapital to $12,000,000 from
S2,000,0'X) to make
a cable read; the United Gas Improvement Co.,
Philadelphia
increased its capital from $5,000,000 to
$10,000,000; the terma
certificates
&
&
&
&
Midland by
Atchison were an"A%'^°'°J'»*^°
50 for the $8,000,000 cfM. stock, payable
partly in cash and partly in Atchison
stock on special tirms
^l,rnfi'^r°*
nounced, being
Receiver of Oregon
S,^f«rTrf.^''"^*iPPT\*''^
Sugar Trust report and plan of re-organization Pacific; the
were issued.
Tuesday, the 4th of November, came the
^^^"'""g in a defeat for the Republican
regarded as an emphatic disapproval by the
<,™?*"'i'^'';~°"
°'^^'
Ti^f
?o„l^uIf ?.,
pa?tv
f
'^^'^^
'^^ P«st Congress, particularly of
the Mc^nley'tl'rfff
°J
^«« 3 to 25 per cent early in
the mo^h %-lif T^' ^x?"*^
1^°^' "'' November 1 had a surplus reserve
of STO? fl"^'
''^'^'?^^.'''^'.'^"" "Id 'o^-er- and the Bank
o£
FT,!l«nH r,'».
<l^<J""e unaccountably on Friday, Novfmf^77, to fi6 per
r"'cent.
"^^'f
ember
Stocks were very weak and several at
V
Government bonds were purchased largely
by the Treasury
and in addition to the fours taken on the
17th. as abovS*^*°8S under the circulai of August
H^ rii K^'ff "^TJ^^^f
SeUingbegL f^dy on WeSii°^^'^ to redeem a second $20,000,000 of the 4i?wr d^y
^'nZ^u^
oay, 'he
the 5th
5trwltf°'
yf."«cents
at par with full interest to
with continued
weakness on Thursday and still
September 1, 1891--iy f(uf/
»r cen^-and $19,352,850 of these
°' ^"^'^"^^ adyrnc^edTuVate!
K^eretlkenZtt^Vh^ll wn
On oaiuraay
SatSrdry The'^M^^"".'^
September, the time limited, except that
the 8th. the bank reserves were S2 544 2R(\ below
a few nf tif«>c^
accepted in the next two davL The
^" "" Ontt^l^hZ
pr ce of 4 pir
off w^ afurpircJf •'.8fl'?r?'*^«^=^2'.^"0
*S^'j?0, and on the 29th a
surplus of $382,350.
I^^hp t« n „l2u
cenS
t"e equivaS of ifS''^/ '=°'?'^'«!'°'^ ""l ^ P" ^^^t * ^ay, or
cliprSpercentSrmaxiL'Si'"*'^' '''' weekratesde-
JtSB%nMtt *''4'="«V^e record
old up on
S
divided
in^to
two
chaw
*
pam^fd^y^rg'^^^^'tl^i^'^t'^^^^^^
^ ^
^?'^**^' P""""
of bonds by the Government
fV.
5^?i.
^
period the market
^^^P '° '^>at
deprisS^Ll?. i
the constriction of t^e
market^S^^Lt?^«'«d; b^
wm
Xnef
'
:s^^^-fi!;.r;ro"L''%'rti4£^"-^^^^^
-ion set in
SX'la^twe^k
Thr'r"'''"^^^"'^'''^P'<^-
ment
for h^lf^n hn^t ot^*?*'''
"=^'** *
day ph^^nferesl'SnYu'esday^re
'lUb
^^i^?'
stromr as the Ranw/ v
i^'i"^ 1""' London advices were
goldlr'omthtB^Wf Iceland obtained a loan of f S.OOO.OOO
^*^^^ '^'"''^
fadV,Td"D\Kttir&'^c"o^«f^
about 2 P. M the Rsnt^l XT ,Jp°r ^ fai'twe was announced
The Clearing'-Houfe Comm^tTee^ America being also involved,
resolved
issue
th^d"e?a&it ^M:^^nl^^:,viaV"R*RT"ri.^''°Union Fer^v Comn.^V*^'""'''
--
^^^ purchase
T "^
Clearing-Ce
ceSif!
though the newlof thisTi i **^^'
houri.
at auction of the
was substantially
^^ ^llClnd ^T^?^^' N^^e'nber 10, there was heavy London
*?^ ^^^^^ °^ ^- j^e«
StrutLre^cSft?Krv"S'^
^''^^^ ^^ '^^"sed an adjourn-
the deal with Atchison
'r;?,^!^^ ^i"^"-"*^'
were quite acUve. The tone w^sb;ff,rf„? ^?"^<= "^'^o'^^s
** ""
'^"''^^ ^^d
bonds improved. In the
m«rV»f ti
'.l"*
Messrs
""l*^,
Vh ^1^."'^^^
^''^' ^ *,S°-member
*«^°''^^' ^^il^^.
"^"^
of
the
the
{he
,^"^«
'«-
Wednesday,
the
l^th
S^^b J'nproyed; """'^^y
^^^a^ed with
Sat CleiSr'S mone^' relaxed
.
.L'f
knowledge
sued.
bank,
Chlr/r^^ ^^¥.''°' ^"own till after business
and ^Isfltr Davtd
Stock
Exchange
On
'-"'
^,
.»-„=
tone
to
^."^"^
^^"'i I??*
*^'^ relieved the
M^e^srs,
J.
C
wS^T
"I'"'.
^°-,' ^^°^^ brokers, suspended; the North Riv„,ni *. r*^""f
Thursday, the
^^
13th, the feeing was Itm v^u^ *='?.'*''•
^^'^ ^^^ ^t'^i b«tkr, but the North
'
Amerifao
jAM'xnt
8,
THE CHRONICLE
1881.J
Coiuiiny's st x^k full from Irt to 7, ra-- )Tc»riu< slioiUtly aftorward, ami tho market resisted very well; tho Bitnk of Enc;land rate rotuained at 6 per cent, which was encouraginft. 0;i
Friday, the 14th, the market was weak and xensitive, but
without «|)ei;ial featurej. On Saturday, the 15th, early cal)le^
from London anuounced ths ein')arraMmeiit of Birins; Bros.
& Co., and this led to a feeling of pinic at tha Stock Board
and tho Ralej in two hours of businos^i ri'a'^hed 424,000 shares.
On Monday, the 17th, the failure of Mills, Roljeson & .Smith
was announced, occasioned by the forgeries of A. H. Smith,
carrie<i on for som9 years bv raising the face value of stock
certiti -ates; Messrs. Randall & Wierum and Gregory & Ballou
susttjnded; the Bank of Oomiierce passed its resolution
agamst the ct)ntra.'tion of loans and took out $">00.()OJ in
Clearing House certificates— the resolution said: "In the
opinion of this Board expansion is the heroic remedy for present ills rather than unceasing contraction ;" money was at '^
per cent a dav and thf depression was great. On Tuesday, the
i8th, Messrs. P. W. Gallaudet & Co. failed, and it was made
known also that the North River Bank could not open, but
must go to a receiver. On Thursday, the 20th. Barker Bros. &
Co. failed in Philadelphia, but this did not affect the market
greatly, although they were involved in large financial operations wiih several railroads; the Bank of England rate remained
nnchanged at per cent, and the tone in stocks was getting perceptibly stronger. On Friday there was a very sharp improvement, and many stocks rebounded from the depression,
which had iieeu severe until Wednesday the tone was almost buoyant, and although the feeling was not fully maintained the general market in the next week ending November
20 was very strong and leading stocks advanced from 5 to 8
Money was fairly easy to stock brokers, with 8 per
points.
cent as tho outside figure. The change in the Union Pacific
management took place and the Gould influence in this and in
Richmond Terminal afforded a temporary stimulus. Mr. Edward Brandon failed on the 24th, owing mainly to his load of
Nickel Plate and Oregon Improvement stocks, and the lastnamed company went into receiver's hands on the 25th. The
upward movement in stocks proved to be too strong to last,
and early in Decemlwr came the reaction.
Railroad and other corporation news in November, not referred to above, included the issue of the American Cotton Oil
statement and election of the new board of directors Judge
Pratt's decision in Brooklyn that receivers must be appointed
not to contract loans to good lustouiers in nwtt a cri.sis, Ijut to
be liberal within all reasonable limits; and this action bad
great effect in restoring confidence and preventing further
failures. There was the utmost tact and good judgment shown
in keeping the news of the Birings ditficulties from thepublie
in London and New York until the guarantee fund baa been
arranged and the trouble hail been tided over, and it wac
owing almosjt entirely to this prrx;eeding that a panic was
averted and wiat not another house of importance was forced
The inability of Baring Bros. & Co. to meet their
to suspend.
engagements was hastened, it was said, by the withdrawal in
summer by tho Russian Governmentof their deposit of £i, 500,000, owing to their apprehensions caused by the firms large advances on Argentine loans. It was also reporteil that the
firm realized on some :S5, 000,000 of Atchison Topeka & Santa Fe
some weeks prior to its embarrasement.
December. The money market in the early part of Decemter was easier in Wall Street for call loans than outside of the
The Bank of
Street for mercantile and other time borrowers.
England on Dec. 4 reduced its rate from 6 to 5 per cent, virtually proclaiming that the panic was then believed to be past.
Rates on call ro.se here to 15 per cent and then advanced again
the next week to i^ per cent a day in addition to (J per cent
per annum, and there was a very sensitive feeling and great
scarcity of money in this and other cities, altlhoug'-i issues of
Clearing-House certificates had been made in Bwton and
Philadelphia as well as in New York. The city banks on the
6th showed a deficit b^low their legal reserve of $2,429,650,
and on that dav the Secretary of the Treasury again came to
the rescue and offered to purchase 4 per cents on the 8th,
actually taking on that day $7,995,850 and disbursing therefor
about $9,500,000. Later in the same week came advices from
London that some $5,000,000 gold had been shipped to thia
country, and this greatly improved the feeling of confidence
and virtually put an end to the money panic so far as call
loans were concerned, rates during the balance of the month
being fairly easv. The bank statement of the 13th showed a
securites without loss
;
for the Sugar Trust the opening of the Rio Grande Junction
Railroad on the 16th, completing the standard gauge route between Denver and Ogden organization of the Port Reading
;
;
Railroad to extend to the Philadelphia & Reading terminus on
Arthur Kills the reUim of Mr. Geo. J. Gould to the Presidencv of Pacific Mail the authorization of a $40,000,000 mortgage by St. Louis & San Francisco directors the retirement
of Mr. Charles Francis Adams from the Presidency of Union
Pacific, and the election of Messrs. Gould and Sage to the directory, with Mr. Sidney DiUon as President.
The New York Cleacing-House authorized the first loan certificates on Nov. 11, and the maximum amount outstanding at
any one time was on Dec. 13, when there were §15,305.000,
and this amount had been reduced bv Dec. 31 to $12,995,000.
The form of these certificates is as follows :
;
;
;
No.
$20,000.
r>S3.
CLEABINO-HOUSE .48S0C1AT10S.
has rteposlted with the Committee
This certiflfs that the
—(wtiirUieB In accordance with the proceedinKS of a meeting of the Association held Nov. 11,1 8itO, upon which this certificate is issued. This
TOrtlttcate will be received in payment of balances at the Clearins-House
for the sum of ;i!JO,ODO from any member of the Clearlag-Houae As-
LOAN COMMrTTEE OF THE
N. T.
sociation.
',
>
Committee.
The embarrassment of Messrs. Baring Bros. & Co. was made
to the Bank of England at the close of business on
Thursday, Nov. 6. On Friday the Bank rate was raised to 6
per cent,' and a meeting of the directors in conference with
leading bankers was held to consider the situation. The
matter was handled with great ability, and the deliberations resulted in the formation of a syndicate composed
of the Bank of England and private banks and bankers, who
subscribed to a guarantee fund of £11,000,000, which amounted
On the strength of this the
after a few days to £15,000,000.
Bank guaranteed the payment in full of all the acceptances of
Baring Bros., amounting to £15,000,000; but in addition to
these they had other commitments, raising their whole liabilities to over £21,000,000, of which a large amount was on
account of Argentine loans. There were good assets available
amounting to £15,000,000 iand miscellaneous assets placed at
such a valuation as would leave a clear estimated surplus of
known
the firm's
the settlement of
for
which three years were allowtd from
affairs,
Co. was
Nov. 15. 1890. The firm of Baring Bros.
turnecl into a limited-liability company to continue the
biL-iness of the firm, and a capital of over £1,000,000 was subscribed by members of the family, Mr. Thos. Chas. Baring
being made President. As soon as the troubles of the great
firm were known the Bank of England proceeded to negotiate
for gold and obtained a loan from the Bank of France of
£3,000,000 for three months, at moderate interest, and sold to
the Russian Government £1,500,000 of Treasury bonds.
England received
of
The Governor of the Bank
the
commendation for his promot and effihighest
and not only
affair,
Baring
cient
action
the
in
in this but in his following it up by calling a meeting of the
joint-stock banks on Wednesday, Nov. 19, and urging them
about
£4,000,000
after
&
17
—
surplus reserve of $607,075, that of the 20th a surplus of $4,498,900 and that of the 27th a surplus of $7,726,175. Foreign
exchange was hampered by the tight money until the middle of
the month and afterwards business was more active, and with
The actual imports of
freer offerings of bills rates declined.
amounted to a little over $5,000,000.
Government bonds were firm and the purchase of fours as
above noted was the principal feature. Railroad bonds were
quite unsettled by the elose money mirket till after the middle of the month and recovered but little in price, some bonds
gold
even touching the lowest of the year. Afterward they became flriuer in sympathy with stocks, and the numerous January interest bondsalso had the prospect of a 2 33 per cent payment on them. The stock market was greatly depressed by
the phases of the money market early in .December and reacted sharply from the small bouyancy of the latter part of
November, so that about the 6th of the month a number of
leading stocks were at the lowest prices of the year. With
the bond purchases of the 8th and the advices of gold shipmfnts from London the tone changed and stocks gradually
recovered, but became exceedingly dull. The famous meeting of Western railroad presidents and bankers was held at
the house of Mr. J. Pierpont Morgan on Monday the 15th, and
the substantial harmony which there prevailed and the agreement adopted for the formation of a new association was an
element of strength for the future, though its effect had been
discounted in the market and stocks fell off slightly after it.
Late in the month the statement of the Vanderbilt roads and
the inc-ease in Lake Shore diviifend braced up the general
tone, and with the banks on the 27th showing a surplus of
and
$7,726,175 there was a more confident feeling all around,
the month closed with a good tone and a hopeful sentiment
that the new year would early show a decided improvement.
The silver speculation became much more active in December on the prospect that Congress woidd pa=s a law for further
were
large purchases of bullion by the Treasury. Certificatss
pushed up on this to 110 on the 15th, and afterward fell off
quite as sharply, reaching 101}.^ on the 23d, and closing the
month at
1041^.
, .. ^
,
the
In addition to matters above referred to, other events of
month were the declaration of the first dividend of sHpfT
Railcent on the preferred stock of the Rio Grande Western
tho
road, payable on February 1, 1891, in preferred stock;
authorized issue of $3,000,000 new stock by the Westinghouse
a
Electric Company, also making $3,000,000 of its stock carry
Lme
6 per cent preference for dividends; the Baltimore Belt
temporary
$5,000,000 bonds were delivered to the bankers a
Chireceiver was appointed for the Charleston Cincinnati
Ohio made a perfwtual
the Chesapeake
cago RaUroad
W ashtrackage agreement over the Virginia Midland Road to
dropped
ington the Chicago St. Louis & Pittsburg stock was
from the Exchange list, the consolidated Pitts. Cin. t'bicago
listed ; the
& St. Louis common and preferred having beenthe
Supreme
Rio Grande Junction Railroad bonds were listed
Court of Missouri decided in favor of the Laclede Gas OomLouis
panv, and held valid their contract with the city of bt.
Louisvilte
the Kentuckv Central Railroad was purchase 1 by
& NashviUe Norfolk & Western took over the Shenandoan
the Philadelphia & Reading
Vallev Road on reorganization
passed by the Council of PbUadelphia; the
;
&
&
;
;
;
;"
:
Terminal ill was
"^
new bonds of the Chicago & Erie, with interest g«»™°'t^
the StocK e.xN Y Lake Erie & Western, jvere listed onconstruction,
w.a»
cliange the Pacific Short Line Road, under
t
;
placed in receiver's hands.
THE (HKONKLE.
18
[Vol. LI£
1S90.
April.
JANDART Pebb'bt
BONOM.
ice -109
As. Wal.W.
Co., 1*1.6
1st condol., sold 5tt
6
All. &: BanT.-lal
Ailaatlc
08
& Pac.-lst...4
!MW.D.,
(.r.,
iBoraM
71
-
-
08X- 99M 99
SO
rex 70X-71W
18-13
70
-
-
70X- 80
82X 81X- 82
-
....I
76
-
79
7756-
78X
72 -
74
-
77X
72ii- 73
13
-
14J6
10«- 14X 10
-
78
-
74X
93-92
19 - 21X' 1754- 19
16X- 17
14X- 17
83
86X
85Ji- 88
-
18X
110 -120
11^<-118X 117X-11854
117X-117X 120 -120
107X-108
108X-10954 108 -109 10856-109X'109X-109X 107X-108 106 -107
121 -122
107)4-108
107
-107
ue
104X-107
106
-lie
-107
107)4-107)^
10754-10754
198S.3
106X-106X
94-94
9954-9954
B.4cO.S.W.-lal, 1990
Beech Creck.-lnl, «t..4
85-86
02-03
92
Beat.II.T.<l-Wc«.deb 3 00 -100
Bun. R. A: P.-«cn
3
101
Bo«.l!n.(«aN-Tr.cer.i<if.3
Boch.
90-00
06
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7«H- 77M
7««- 78)4
,
3
U«ld, I9-J3, res
Dbo'bbh.
6856- 6656
3 lOO^lOOM
coup
ACQOST. Sept'ber. October
70
.
19'i« IrnM rec'pts..4K
Chic. H.F. iVCal.lm.S 85M-86M
G»IUol.&«.P.-l«t,» 1I4«-119X
I12J4-U3X
Tryat rerelpis
6 7«H- 7«
a«u
73J4- 75«
Traat receipts
Balt.dcO.-lM, P.Br..« 121 -121i4
Ceneol., sold,
M«-56H
4 6&M- 60
4
July.
8454 81X- 84
78X- 83X
8654- 87X 8454-8556 83X-86X
81X
x85X- 86X
84X-84X 8354- 8356
- 69X 1656- 66X 4654- 68X
66
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6656
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83X-84«
KccUtered
lBeaBi«.1989
Kecintered
14
|
Low. HiKh Low.Hlgb Low.Hifih Low. HiKh Low. High Low. High Low. High
lOOX-lOOX
lOOX 10O!4
76 - 79X 78
71J<- 76
12X-16X
4 83W-84H
0«B. mart., 1989
-
June.
Wgb
...
1907.«
6
AMk. To*, dc 8. Pc-
tiold, le-^t.
MAT.
Low.niKb Low. aigb Low. HiRb Low. Hlffh Low.
- 03?^
-192
09X-100
100
100
&
-100
119X-119X
Pitta., lat..O
C'onaol., lat
6
-100
100
117
98 -
98X
-121
B'klTnEI.-lal,ig*M..6 iiix-iia
- 86
UdBiorl., 1913.. .3-3
DDlan Kl.-l at, 1 937.6 106 10^
08
Bar.C. R.AcNo.-lal..3
80
C«aa* lat &col. tr
—
-117
116 -116
110 -11154 108 -111
87 - 87X 86-88
108X-111X 106 -108
93X- 97X 94 - 97X
06
-06X
96-96
117
ii6x-iiex iiex-ii6X 117 -118
lim-USH 110M-1U« H0W-1119< 110 -llOJi liox-llOX 111 -112 ill -112
90-90
00 - 9()«
80 - S«
87X- 90
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0«3<- 08
97«- 98« 989<rlOO IOOJ4-102
9854- 09X 98 - 99X 97 - 98X 95X- 9«r6
00-91 SOX- 92 87X- 80 87X- 87X
90-91
118 -118
lie -lie
112 -113
95-96
96-98
98X- 98X
-lOOM 100 -102
86X- 87X
112
-112
107X-110
85-85
i06X-ioex
90
9^
-
82-82
Iteclalered
I.
C.& W..lat,1909 7
85
-
87^
90X-90X 94-04
«i»t,l9-il
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87X- 87X
97 - 97
-106
107
10754-110
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97
'.M mort
9956-100
08X 975i-100
3 97M-100 09X-100
99X-10054 99 -lOOX 96 - 98
99 -100
99-09
Beclatered
9
100 -100
Cent. RH.& B., Ur.. 3 IOO54-IOIH 99 -101 < 100 -100 100 -100
98«-100
99X- 90.54
93-85 93H- S4H 94-94
HaT.&:\V.,lRtcon.,s.3{ C8 " 09M 98 - »m 95X- 96
92X- 92X 90-00
Cent. •! N. J.-1800.. .7 lOS-M-lOSJi
7|lZl -122 121X-122
Conael., 1H99
117 -118 118 -118
U8X-120 118X-U9MU9 -H9X
C.R.I. F.&N.,lst
C«iT., 19<W
J]124>i-124X 128 -128
128 -128
CanT. deb.,l»ON
6 I24H-124X 122 -122
3|iioj<ii2 UOJi-lllJi
«ea. It!., 1»87
Reslalerrd
a,110>i-lllj« 111 -1U!4
I.«h.dcW.B.-Aaaent 7,115 -117 115 -115X
Mortcage. 19I3....3 103 -103
An. Dock
Imp
3 107^-110 1099(-110
-
12554-12654
110X-111J4 U1X~113X ii2X-n3x 112X-113X
110 -1111.4 110 -11114 111 -112
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113 -114
114 -115 luX-ii.^X 113 -115
104 -1041^104 -106
102 -10.156 103X-103X
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109
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6110
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6
113X-111X
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91X- 95
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6
112
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116
No. of Cal., 30 year..
Char.C.^kA.-lat,'93.7
Cheo. dc O.-P. mon.I'd 6 U8X-113M U6 -116
HcriesA, Kold, 1908.1! 117 -IISX n8X-120
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114!4-H5
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6
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10954-11054 108 -111
109 -10854 109 -10954 104
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109
10956-109X lOOX-10994
land, 1903..
L..d;no.R.lat, 1900.7
3d. 1900
7
Hi.I..J,«cCh.1at,'94 7
Chic. Hnr.ife Kar.-lRt.3
Chic. Burl.&QaincyC'oaael
7
Hiak. fnnd, 1901
9
Debenture, 1913
7156- 72
11554-11654
115
99
99X-101
97 -lOOX 100
70 - 71X 67
71X- 73X 71X- 72
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81-82
122X-122X
84
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112
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100
100
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112X-112X 110 -110 110 -iiox
103X-104X 102X-102X 105 -100 104 -105
120
4
nenrer Div., 1939. ..4
Plain, 1931
4
Nebr'aka Kxt., 1 937.4
Chie.&K.III.-lst,B.I.«
latconaol., sold
6
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lux-inx
Resiatered
lOOX-lOOX
R.4(A.dlT.,lat conti 4
latcon«al.. 1989. ..4
Udconaol., t9S9.3>4
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113
114
114X- 115
109
119
t ll.'.X-llSX iiax-118
lat, con., I., 1939... .S
100X-lOl)« 100
Ches.0.dc8.
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Chlc.dc Alton— lat
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100«-101X 0994-lOOJi 100X-1009<
Mort., 1911
Ia«, P. D.,
110
111
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07X-100
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102X-102X
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-lllX 111M-1125<. lUX-UlX iiox-iiox
j
Weslem Pac
Chic.
96
124
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111
11054-111
106
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94X-96X 94
|
1893
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Hold, 1897
Gold, 1898
Han Joaquin Br
(iold,
fjindcranta
Mori. Kuar, 1939
06-96
tf
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97-97
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120 -13154 119 -120
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105 -110
118 -118
107
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121
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113
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122X-128X
125
121
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122
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Jancaht
THE CHRONICLE.
3, 1801.]
19
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101)4-10194 102 -103
102)4-10294
Denver dc Rio G.-l8t.7 118X-118H 119 -U9 118)4-U9
117)4-117)4 .U7)4-118
New consol, 1936. .4 76)t- 78 rrfi- 70 7B - 79 79 - 83M 82)4- 8394 83-84)4
82 -82K 82)4- 82H 82)4- 82)4 61-84
Imp.M., K., 1948.
85 - 86)4 85)4- 87
35-38 35)4-38)4 :<8 - 39)4 39 - 39)4
38 - 38
Det. ni. &- .M.-L. S....3H 36-38
100
-100
-100
99-99
99-99
Det. B. C. Alp.-l at. .6
100
99 -100
•
-11614
-123
•121 -12194 132)4 122)41 120)4-ia«
106)4-105)4
102 -103M 1025<-103« 103
106^-100)^ 107H 107H
-100
- 70)4
92)4-94)4 92
103
100
97-07
80-80
115
118)4 120
9«4
99)4-
98-08
9994- 9994
7 11S«-U4«
Hen., 1894
7
Penna, DIt.—Coup.. .7
Rcslatered
7
-119
-128
-125
-90
6
Coupon, 1894
117
133
-123)i 13*
U7)4-117)4
-1>)0*
Ool. H'kC. Ac 1.-1917.6
Del. dc llndaou Canal-
lat extended, 1891..
-120
08-98
12*
120«-121)4 121
133 -135
7
Consol
CSeneralcona
6 llSK-USJi 117>i-119
Cl.dc ItIah.T.-(r.l93h.S
I,-l8t,can.U 103M-108 103M-104M
Ool. Coal
106 -106
Colorado Mid.-Ist, E.6
CoiiHol., Kold, 1940. .4
Col.lI.Vnl.dtT.-l8t...3
56)4-66)4
104 -104)4 102 -103?4
90-90
01. C. C.dc I.-lat, 8. Id.7
98)4-08)4
82 - 82
82)4-82)4
Chlc.!<t.L.&:PittB-lst.3 100 -lOlH 103)4-104
KotflHtered
5
Chic. St.l>. Min.iS: 0«
OonHOi., 1930
« 121 -122H \20ii-121ii
Chic.Mt.I'.<k M.-IM. .«
124H-124H
St. P. <Sk 8. City-lat. .6 121^-126 126 -126
-111
Clitc.dtW.I.-l8t, 8.f .0 lU
6 U8K-118« 110 -119
C!«n. mort.. 193^
CiD.Hnm.d: Uar.-«>.f.7
99 -100
01n.In.Ht.Ii.dtC.-lst.4 100 -100
70 - 73
CIn. J . &. in.-l8t,con. 3 86-66
Cln.San. <Jk Cle».— Ist.S
IHiUthdc
12
118 -118
7
tittuin. C. F. &, 8t. P.
12SM-124X
106
98)4- 09
- 99)4
-us
-U4W
112
-106
lNt-..8
Wlnoontk !jt. P.-!M.r
Mad.-ln
6
lat.
09
-u£
Mil. <&
i*d,
12494 123)4-126
-117
116 -lis
-113
107 -107
10e)4-110!4 108 -110)4 10*
105)4 107
106 -107
10*
106 -106
106 -106
-00
-128)4 124
96«-00)4
1901.0
ChtcA; AIll.-lM
ChicU.
135)4- 138K 136
106)4107)4 103
108)4
109)6 109)4 109)4-109)4
96)4-100
113
-118
87)4- 87)4
-125)4 126
124«
-107
06 - oe^ OOK-97
-1*1
117
Penlu'.nla, Ihicouh..?
Cbic
l.W
I39»i 110
124 -124)4 12*
125)4 123)4 125
106)4-106)4
Kxtcn. bonda, 10'26..4 SO
Kacaii. <t I..S.,
120
123
99 -lOO
100 -100)4 100 - 101
8994- SO
88)4 89)4
117)4 11794 118
3
KfiiUicrrd
126)4-120
00)4- 91)4
ll«4-Ufl)4 11694-116)4 117
-113
tiluklnu luuiliCoup...a
Uptiatered
0194- 0194
94)4- 0034
-
TO
-SI
•fl094-81
87-80
00-03
M -WW
THE CHRONICLR
20
IM.
rvor,
1 890—Continued.
MAT.
APRIL.
JANPART FBBE'KT. March.
B0H08.
AnausT. iSept'ber, October, NOT'BIR. DBC'BIB.
JULT.
I^W.Hlgh Low.Hlgb Low.Htcb Low.HUrti Low. High Low. High Low.High Low .High Low .High Low. High Low.High Low. High
M.T»au.V.Si G.^IU-.'J n»
ne^iim 119
-120
119
-119
-120
-121M 120 -121
120
116H-116H
110?<-H1
S,107K-107«1
106- 107
105«-106K 106 -107X 105 -107
coQMi., i»i. i95a....« losH-ioB mx-iowi 105 -10«H 105H-108
90-90
91))i- 93
90 - 90
1.1 Exi.. ».. 103*. ...Sj BOK89%
89^
Imp., gold..?
Eqalp.
- ....| 85-86
90-90
89)i-89N
Habile A: Ulrm.-lst.S
UO -lllJH llOX-113 •no -111 109J4-m
110 -111
110H-in«
-llOM
110
108M-U0
O.-lat,
C...6
Kbox. Si
115)^U6Mlll6}<-ll«H
Alnbimm t>ot.-l»C.«
98 -100
... - .... 10«J<-100}i
98-99
Ediaon E. IM.l'o.-lBt.S
-101
M«- 9e« 90X- 98 93Ji- 96X 93 - 9451 9354- 94X 92)<- 93
100
i^x.&Blt.»:.. e 103 -IM
97 - 97X
97 -lOOH 100 -101
95 - 9«
ik F.-lat..e
DivUUnal
B«aU. Gm.
Brie-lM, Kxi.. 1897
ad. Exi.. 11119
3d, Exi., 19-23
4th. Exi., 19-20
Alh.Exl.. 19-28
lu, caammU, Eold
1st con. fund coup
3
9 U«
7
—
117M-117HU8
120 -120
-120
xUl
H6)i-U7
-lie
133 -133
110 -110
110 -llOH
120
-120M
117
-118
111
-111
10«H 107M
105)4 107
+102X 04)4 100 -102
103
-llOM 107
-120M 120
-107
-120
138
95
-138
-
91
88X-89H
Mu TerB*>-lu
Flint dc P. IH.-M*rl...«
Islcono., g., 1939. ..3
Ft. Bar. Div., 1st. ...3
Vt.W.4cDrnT.C.-lst .6101
.
118
111
121
-118
101
-105
-105Hi 103
-105
6
-112
118
109
114
102
-109
118 -118
137
107
119
107
120
-105
120
-121
107
121 -121
U8 -U8
120 -122X 121X-122
-122
-106
116M-11SX
119%-119« 119 -119X 119 -120X 121 -121
107 -lora 107 -107X
-122
103«-106« 106)4-109 J< 108
5
*?6-77
GalT. B. &H.ol'83.. 3
& 8. A.-lst.6
-110
'
105.-107
78 - 81
80
104)4-106
-103)4
....I
-100
98
-102Ji
91
90 - 91X 90-90
104 -104
107 -107
107 -107
109 109
00
-109
118
•118
.102 -102
117)4-119
111)4-118
loe -loe
116)4-117)4 116
120 -130
-117
100 -100
-100
100
103 -106
103)4-108
115 -116)4
98-96
103?4-10e)4 101J4-105?4 •91)4-101
70 - 70
09)4-100
-
-98
96)4- 96)4
97 -lOOX
91
91^ 94X-95X
8
-
9SH
- 95)4
93)4- 91>4
93 -
92-93
91J4-
»6«- 96« 02)4' 94
95«
93
- 94J4
•87-91
-»4M
!
96 - 90
M-99M
98 - 98X
92 - 92)4
U2)4-112X
109
Or.B.VV.&SuP-latSI.a 81)^8?
Sid, income
8 IS -22
18 - 1»
^Ist sabs, paid
120
21X
UausBt'c-Cas.,1937..3
U7K-U7H
lSOX-121
-105
N.II.JbD..con.,19l8.3jl057f-106
Ilaus.&:T.C..-l st.M.1..7 |ll5)^U5«i
M. L. Trust r«c
7
lat, WoMcrn DIt
7!l09M-10«H
- ..
Trust receipts
7
—
W.-lst..7
•...
-
-32«
29X-33X
-120
118X-118X 117 -117
110)^110^
lOS
-10»
29H-33M 32-33
S3
paid.
Han. & 8t. Jo.-€ons. 6
Ben. Bridge C'o.-lst...6
S.
-112
09
10^4-104)4
117 -117)4
133 -133
-lOOX "93 - 97
1st extended land. ...7
Wscoi
-107
87-87
97 -100
1903
7
Western UlT-lst... .9 93^-93% 93X-91H
9d, 1931
6 98 - 96
ea. 8*. Si Fla.-lsr, «.6
Gr. Rap.& Ind.-Gen.3
91 - 91
1st. guar., 1899 .... 7
•2d inort.
*2d Hubii.
-114
1
-131)g 133Ji-134)4 132)4-133)4'l30)4-131)4
102)4-103)4
109
-118
-111
117)4-117)4...,
117 -118)4111
107
107)4-109
112
114 -111
-115
96
-80
-88
119)4-120)4 117)4-117)4 117)4 119
-107
106 -107
-
100 -100
108 -108)4108)4-108)4 106 -109
90,'4|
-112
112
90-97
8774- 90
118«-118M 118)4-116)4 116
.•iir'Ka-lst.K.
112
118
.103 -105
- 975i
83
l04J4|102X-103)i
137 -137>i 131
-137
89)4-
96
-
89H-
•103!4-05H 103 -lOlH'lOl
112 -112 |....
-HI
1....
lOOX-UOJi 109 -HI
118)^118>i 118?4-118J<
117M-118
-107
II.V.lME.(J:W.-'2dcon.6 100H-102«100X-102J< 989^-102
99H-105
« ••. - ........ - .. 108«-10856
Col. truot, ig-J-J
88 - 88X
Fnnd.coap.. 1969. 3 e^<- 88
87)i- 89
Jefferson RR.-lRtK.3 106)i-106H 105 -105J<
6
Mw.Si Iud'p.con.,19-2«.6|U0^U0^
T.Uaaie-C«n..6U5K-U7
Bv. <c
110
103M-10454 103 -103
136)ii-136i4'l3a -137
-1365< 131)i-138
.
-109
-115
109
115
-189
-115
-101
lOi
137^-139^139 -139}^ 136
-118
-UO
115X-115X
117H-118 1U)4-114K
106 -109)^ nOii-lllH 109 -109M 109
117X-118
4H
4
180
-120
-.7 120
Keorsan., Isi lien...tt
l,ong Dock. 1893. ... 7 1<»«-10B« 109«-1095< 109}<-110H
'^Con*. gold, 1933. ..6 120 126)^121 -12:
139)^110
Bull. N. V.i&E.-]st.7i 139
II.ir.
111)4-U8
90-90
lie
OaJ.
118 -lie
MX
&
Burrka
115>|^U8
106
106
-107
107X-107X
-106
1065i-106-J<
I
-116
33
- 33J4
-119
118
111 -111)4 114)4-115)4 116
108 -108
108
110«-11W nm-iiiH
110 -110
108
107 -107M
110X-110J4
111
-lllX 112 -112)4 113)4
U6
113«-111)4 112)4-U3)4 111
.
-U4
103)4-103X
108X109X 109 -UO
US
110
3d, MiiiuLlue
8120 -120
Trust Receipts
... - ..
Gen. M., Trust rec... 61 "T^ii- 7a
Ill.t'ent-(3iild,tt931.3X| 91 - 91^
1st gold. 1931
4 l'<e^l07
118)4-114X
108 -108
-106
105
10.5X-105J4 105)4-106
-116
-115
122X-122X 120X-122H 111 -115
75
91
10'
- 78X'....
-
..,
75H- 78X 80X-80H
91«- 92
91H- 92M 92X- 95
-10754107 -1075i;i08U-108!<; 107 -107
„
Col_d,l,»W^....._.„....4|lOO«-101hiJioi«.ioi,4i02j<.102i(ll^J^'^
100!4-101
Bprtngl. DIt., '98... «
112M-112)illl2)4-112J<
id. Oiv..reg.,l»<1.3| 9A -96
U6
-115
C.Mi.I..i&:>'.».-lst,c.7 117 -U8 117^U^119 -119
119 -119
Tennessee lien
7
119 -119
Ctald, coup
9
116
116
tiold, reg
9
lis -113 115 115
Henp. UIt., lst,c.,4 97 - sex 97H- 98
98K- »7>4 96K- tepi 9644 97)4
Pab. 4c 8.C.--2d IMt 7 107 106
Cedar F. dt i>I.,lst ...7 71 71X
a« - 00
80 - 90
fad. D.&: !!$pr.-lst, 1.7
100 -lOOH
Do irasi receipts. 191 -101 lOlX-102 99 -lOlX
09
98H98«.
OHX
lad. D.
\V.--2d, lnr.3
Intern. Ac Gi. No.— lsl.8 lu^-112 110«-112
iio«-iiix:uo" -110^ U1J4-U6X
Coapoa, 1909
«j 7SJi- Tbii 75-77
7e«: 75K- 76
76 -87X
Do irnsi receipts..! ''M- 7»K 75«- -7 76)476 - 78«| 7.iH- 75><
f*wa Cent. -1st. gold..9l 85 - 87ii 89
76X- 89
-87>t 85 - 8ai4' 8»)^ 88)i 88-91
Han. dc Mich. -;•««. .41....
- 91J(j
,
94
- 94)4
93
72 - 75
93 - 93
-93
- 93
-
108)4-108)4
101 -101
73)4- 7714
91
93X- 92»4
-
-106X 102 -106
98 - 98**
....
101
- 77
- 96
-101
.
KeniackrO., 1987
4J 81-85
Kings Co. El.-lst, A.3 101 -105
BlX-8««(
lOlH-106
scl (3ss,Si.b.-lst,|9'
Erie dt W.-lst..9 uox-iu
tiake ^hore dc M. (<•.CI. Pains.
Ash
7 I0<»i-10«H
96)4
98-96)4
Erie-New..
Set. .Mon.dkTol
.7 121
-121
J
103X-10S)4
80 - 90
100
4 Vlii-IM
R. B. 1st,,. .5
ad, lacsns
M.T.H. A-. .n.B., ISJ..3
M.V.Ac 3I.B.-l«t'»7 .7
Br.AcM., laM9ll.9
_*'i. <b P.J i.t
•
Kx-lnterest.
87)4-
80
-
67)4
88)4-
87«
84)4- 85J< 82 -81)4 83
101 -104Ji 102 -102)4 100
81)4;
-
*
lOljjilOO
m)4-m)4|mx.i2ix,ii8
••|l31
-131
123
125
-123
1
83),-
118
-118
119 -119JJ 120 -120
-125X125 136
i85)i-iae
123!4-U»X'122X-123X 12ax-124
121W-126 125 -125X 126 -128
IM
100
-79«
-101
30-31
36 - 35
112 -115)4 113 -U6
80 - 80
75 - 77M
80 - 80
83)4- 8«X
-85J4' 84 - 88
lo^ioen
I
-100
-106
77J4- 82
- 30
-114
-113
-106
-119
uox
-U5X
101
98
-
99
U5f(-Ua
90J4- 97J4
-101
78
•
100
.
-121
-116X
95«- 97M
,36
•9
-117)4
-117
-
08
81
105)4-106
lot -10«
117)4-118)4 118)4-118)4 118J4-118H
115
11«4 U8X 118 -118 116
123X-123X 122 -121 iaiJ4-123)4
121J<-121?4 120X 120X 120 -121X
121
123
-124X 121)4-123
-HSiH 12a«lS5
119X'119XiU9 -119
... - ...1121)4-125
120)4-121
121 -123
114«114?4 114^118
-U^
100 -109
123X-ia4 122)4-123X 123 -123)4 123 -124 118)4-128
123)4-12SX 122X-123X122 -122X123 -123 120X 124X 118)«-130>4
107 -107
108 -no 1O7X107X
U7H-119
118 -118
lU -U5X
U4)s-114X 112
91
94«
-35
-»»
94
102
- 94)4
-103
91
WX
120X-120X1I3 -118 114X ilix
-113X 111« USX lllX-112 111)4-112
94
90 - 90X
93X- »3?4 92-90
•
101
101
*
UonpoB
cff.
-II
•114 V4 113
109)4 109)4
t Cttder the rule; cash.
-
-100
69« 60
loa
ISl
116
- 81
118)4-118)4 119)4-119)4
128 -128 122)4-122 Si
-laiK, 181X-125X lai -137)4
-190
- 73
- 71
80 - 81)4 79 - 81X
-lOOH 100 -lOOX 99X100X
T8X- 70
- 80X
74 Ji- 75
107 -109X 107 -108
10^-103X
-113
76
71
-SIX
106 -106
SIX- S3
111
78X 70
86!4
»7Si-98
100
gluo -"^116 -U6
I93!«....
*
- 87T4
113
-111
sbsB.Coal lst,-S4.3
tek.r.X.Y. lsiga.r.4>t
UTch.C.iJt W.-|sC,c.e
«en. aort.,
81^
-1M%
87
-116Mi 111)4116
Ul«,10»
'
laceoBsol, 1»3|
81 104
95
115
10054-109}4,loe
'***• •'b»»^-IMTldend..7
123H-123H!l23J4-123W
lot eon., coap
7 12* -lae t2SX-126
JateoB., reg
t'.txt -126
[I'
12a 125X
•^ «•••• eoap
»jlSa»<-13B
I
126 -125
Vdean..rtia
7;.... .
I28X-13S
I.osg Island -Ise, '98.7
85H
U0)4 116
107X-107)4
95)4- 98)4
89
82)4- 85
82)4 8IXi«79«. 81)4i 79
111«-112)4 iii)4-ua?< 110 -110
109)4-UO)4;iO»
&
4c
8l!4- 8tH' 8S54- 85
103«-101)4 lot -105
61 - 81
81«-
61-86
UO -lis UO
E«ke
». V.
96
.
t
Baa.
118 -118
U5>4-115)4
1 Kx-luuded coupon.
-101
-101
I
Jahdart
THE CHRONl
1891.1
3,
LE.
21
—
1900-ContlBned.
lAKUAm
BONDS.
liOW.IIlKta rxiw.iiifh
Jpm.
A PHIL.
r«BB*BT.
118H-119H
im^llOM
lie
^
I
Hs. k
DccAtar
d:
>'«.
Ala.,
U8K-118
7 11«<-U(>H
118
-119
C«l. truvt, e., 1931.'. 104^-108
Ma>b.FI.&S..lai.iru.j> 102 -101
107
LOS
102
-110
107 -loeji lOS -110
-110
iorj<-i09H 107
-l«2« 10S)^102M 102
ioejt-i«9
108 -109
-ioe« 106H-1(I6
-102« 103 -101
117 -117
116}<-110X
116 -110
lis
-IM
88
103
101
loSM-ioeM lOOJdlOOJii 106
108
-109!4
108
100 -lOOW
-88M
10* -IIWM
116 -117 lie -117M U« -U7M
107 -107
118
U3 -lU •lOO.-ll©'*
lU
118 -UIM 110 -Ui
IDS -lOO
iiMM-ioe
-106)(
1911
-106
-108X 109
100
100
103^-106
-U2H Ul -U3H Ul -lllH UO
97M- 88
V!H-0S'4 87H- 08
92-89
85 105
112«-Ul«jlU«-116X
108« 1053<-108}< 106 -108^1108 -110
70M- 70M
.
71J<-
71H
88 -101
85X 86
-105
107
-
68K
-107
et>H- 80
102>(i-101K lOlH-101
lOm-101
86-80
105
-106
7554- 76
99
»m,
-101
88-90
103
-103
101
106
lOSJi
106
•8«)<-101
100
106
88
-lis
80-98
86
89)i- 0(«4
88K- OOM «0M- 80K
8»«-88}< 88 -8&H
88-80
90>4-100J*
89>i-100H 80 -108
TSH-90
105
112)i-llSX 112
107 -107H 106
lie -117
-107M ioe!<-io7M
116!^-1I7
106
90)4-
100
-lOlW 100 -loOM 88 -100
101
111
80 - 80
.100
lOIM-102
-116 117W-118X
101J< 8BJ<-100H 100 -102}< 10(^-1039i 103H-105
loe
-
108
-109M 108«108«
106K-10&M
117H U5
—
4 ..
-101
-lOlMS
4
6
<M. 1809
ez.Cen.-Newaa8en.4
-U7
101
100
90-00
80 - eo
3 10 - 10
Xm«I.L,.<1:T..1i(,e.'17.(> lOOM'lOl
li«. Ko.— Ist, E.,'17.. (>, 102 -lOlW 101 -101^
mem.d: Chas.-Gald...« 101 101)(i:106«-105H
1st con. TeDO. lieo...7
Metrapolitnu El.-l*t. .6 112 -113 ill2><-118«
117
-101
1010... 3
/•la. N.U.&T.-lai
Mmort.. 1034
Conaol.,
M
-80
88
108 -103H 103 -101
«>7X-107J< 1O7K-108
B».S: No.Als.,cou.cu.t
I«a. N. Alb.dc C.-1al.6 lUM-110
« 103 -106
Con., gold, 1916
g.,
118H-120
. f...6
« 106 -105
VrB-FortT, ItfH
PeiMRC. d: All.-l«t..e tOOM-UO
8«-yr. gold, 1037. ...3 loe^-ioa
fJcneral,
-asM
86
lUM 113k^!^U*M
3
!M. 1».S«
NK>h.
I
Low.IIIghiLow.EIIgb Ix>w.III(b r<ow. High Low.Rlgb Low.nigb Low.Hlgb Low. High lAW.HIgb IiOw.BIgh
8o«-eo 88M- 80
81 - «0
80M-82
-iioM 116 -li«K U6X-118)K ii«H-iia« 116 -U6H
no -no
10&)<-106
lOO^-KIVM 106 -106
117 -117
lis -118M I17K-U8}< 120 -121M iaO)^121H 116 -118M
109
-U0« 10Wi-10«M
6 10« -10W4
•14
f
11S«-1UK(
110
116
113
-lU
Uiii-IUH
illX-lUH
-iioM
113H-113H
/
n. dc Na»h.-l»t...6
-116M lis -113
6|ll3 -114
U3«-115J<
U6X-H6X 115><-U8X U6M-116M 11<> -HO 110 -110 lllX-lUJi
U«iirral inorl
« 108 -110 106M-U0 107«-10»
rcnsncoln DIv
U7MUB
IM. l.ouUOiT., lat...6
a,.BT.4rSi.I..-ren.li>« i
Jjwild. <b NanhT.-Con.t U5 -110 iiSM-iia
7 108 -100^ 100 -108
\ Ceclllan lirmieli
6 115X-117 117 -118
H. O. Jk Mob-lm
DWl
RO
AtTorrr. SK1*T*Bm. OCTOBIB.
JtTt.T.
-105H 01«10U(i 102M-182M 101
USH
108
-106?*
ma
120
-120
113
111
112
-U1«U2>^U1X
107
-107
100
-103)ii00 -101
133
78-78
iMcon.
inc., 1939...4 .... - ....
Inc.. 1030... 3|.-.. 86
Nat.-lat, 1047. .«
an-
Sde«n.
Mcx.
SMincoDie "A"
fl
Sd income " B"
6
aUeh. Ceni-lat,c«iu»l .7
.
67« 57
17
ia« -138
127
lM« conaol
S iU«-iu
lU
IS«9
«
C*ap«n, 1031
B«ci>iered, 1931
9
-
2m
96
95 - 96
51 - 51
51«- 61« 50
11
12
11
127 -127H 127H-129 125-
67«
- 17
-128
87-87
82X e2><-92X
52M
izax 126K-127
1259^126
UO
108 -108
-110
SIX-
S
116 -116
—
G —
115^-U9
10-10
126
109
-126X 12B)<-12a 126 -126)ie 121i<-123
-109
108H-109H no -110 107 -107
MicliiKan DlT., lat...6
121
102
102 -102
101«-101H
121)i-lS2H 120)iJ-122H .21 -122 120 -IXlii U69i-119« U8H-U8«
loix-ioix
•lOlJi 02k OOJ«101J4
100J4-100J< ia?Vi-i(i.iK lOSH-lOS-X
100 -101
100 -lOlH 87^-99)<
101M-103K 103 -101 102X-105 103Ji-105
101 -103
100 -100 |l01J(i-101>^
lOSHi-lOO
111 -111
U7 •117 112 -IIBH 117 -117
116^^118 119 -110
-132H 122M-12S
-103Ji 101>^-103
llflJi-117
102
-101
116
-U6
120
-122« 119)^-122
... - .... 120 -120
Ul)i-lH)^
U7M-119 jllOJi-120
.6 110)i-lll}i[llO«-lllSi 111 -1H« 111 -lllM lllK-ll-'iX 109«-110« llOH-lllH Ul -UIK lllH-lUii Ul
I09i^-110><
la<, onextpu.,1013 .6 108H-109 108J^100>4l
llOJi-lll
106H-U2 119
111H-1I3K 109!,-110 illl -111
105 -105
103
103 -103
lHlnoeap.<fc !^I.I..-lst. 7
108 -106
90-90 90H- 90>i 80
88-88
Iowa Extenalon
98 -100
7
58-69 50 - 60
Sdmert., 1801
60-61 68-58
7
lst....e
BoBIbw'Ht.Ext.— lal.7
Paciflc Ext., lat
6
lap. •& equip., 19-i-i.« 61-61
Jtina.8.S.M.<fcAt.l8t.3
Ma. I'ac— lat conaol ...8 lOOK-lU
34. 1006
7 111!^115
Traat gold, 1017
73-73
71J<-
laI,»old, 19A0
!M. iucolIK;, 1090
4
-
Margan'af..i&T.-lat..«lU
1918
Mataai L'n. T.-S.
-
lot,
7J....
115
-111
-115
111
-112J4 111«-113
130
-120
99 -
99M
99-)i;
l02>i-102W 102?<-103
73 - 77
73 - 75!X 73X- 76
63
102J<-103
65-86
61
- 65;^
88X
63>^ 70
6,....
Deb.reg.,°89-1004.3 UO
mH~
"8
-
U6
...
-
80X-09J«;
af>u 100
100 -101
-
-
»0
aea- 98
71
- 76)4
73
...
6
]I.T.N.II.&B.-lst,rg.4
-
113 -113
108 -109
113
77-80
....
-
..
....
-
..
113 -113
-113
-130
-112
130
-130
llOH-112
110
113
-115
1I2K-116
91H- 81?4
97-9
7m1<9
esa- 66
67
61
130
101
-130
96-90
67
-
•70
78H
15«
-
76
31-10
-113Mi 109H-111)*
108
-109
-
65M 66
-108
-63K
-102X 102 -lOSJi 103^-101
1S1H-132M 128 -128>(S
101 -105
-112 *102 -108>^ lOTH-lia
125X 126 nil 120 119K-120
88 -103
102 -103K 100 -102
128«-12»H 127 -129«1«6 -138
U3
UOW-UOH
108 -llOH 108 -109>i 108*4-109
101^ 102M lOZii 102H 102 -103
lZiH-l27!4 127 -128
-U2K
127
111
12eji 128
UO -110
-126
125 -125
130H-131
129M-130
112W-113« 112
106
lPl)i-103
126 -129
-127H
-111
126
-126
126
125«125H 135^126
124M-12e^
-106H l«^-106»i
lOOX-ioiMiiooK-iea
-lOOii 100
I02K-103
128 -139
128 -129
128 -1285< 128 -128
107
106
-110
126H-128
1«8«-13W4
137 -138
187 -106
.... - ...4
IM -133
Ml -ita
-109
-lOS
126«-125% ia6K-i2e« 123 -12S
120 -120
136 -1S6H
102 -102
102H 101
100 -103M 8W4-103X
1039^-101
-105«< 105 -106^ 106 -ioe?< 103Hi-10«^ 103 -101
102rit-101
lOOH-lOaM 9m-KB
-106
IM
I0:f^-1019<
105
102fi-10SH
105«-10o^
1027^101J<
103>t
'101X-06H
101 H-106XI
93 - 9iii •90X- 92!, 89 - 91K eaa93 95 - Oea 91 - 05
93 - 95X VXH- »*H 92-91
101»(-105H!lOfi
91-97
mm
»m
06 - 95
-iu;4 113 -lllK,lll)i-llS
....
-
... [
931^- ff'H
115
-lie
lao
-120
lie -117M 112H-113M 112H-113
lis
87-87
-113H US -lltk
-113«U« -HSU
-133
'\
UO -UO
-112
111
j
g. .6'llS
SdBiort., 1937. ...iW,....
73-71 .... - ...
Ildi'dol y. J.. 1al...6115 -116H116X-llBxlllO -117
73-73
113
-111
-lUM UO -UOMUO
eo
58 - «Sii
111
-112
08S4-101
100 -101
77-79
im4-115!>.
1....
- ....
.1..
iiox-iiOH
112
62
63 - 56
57H 57 -685<
-118W lt2M-113«(|110K-lllM HI -lUH
Conaol. lat, 1930 ...
97 - 96
9«)^
r.iil 96 - 87^ 06W-9TJ»
.T. 8.dtW.-Uefnnd..33J 87H 99 87H- 99 87 - 97H »6>^100
...
Ul -UIX
915(
81«' 79H- 79k
110«-110«
U3ml3H
im^-imH 107^-111
-lOlK 101 -lOlH 101^102
131 -131H 130)^131M 130H-l.'i«
101
128H-1S7
111
9m-
137<- 16>4 33
113
115 -116
81X-81X
i08j<-iio><
128
110
103^106
106 -107W
till -USii
60-70
- 73>i
63-67
03K
-102X ... - ....|lO2H-1035< 100 -100
132^-133 132i<-132«'l32X-133 132>i-133
& .Vortb.-lst, g.S]....
4
e2!i-
102
...
ll.TXhic.<l:St.l..-lat.4 93!.«- 97
K«gUtercd
4 83^- 91
M. Y. Elevated-lat
7 111 -116
II.Y.«^\.E.-lBt.l003.7
79«
96W-97M
Sm- 88«
110}^ 111
-110
-
108 -UO
115><-lie
.OIX-IOIX lOlK-lOlJf
lOOii 101J<
-116
lat,
19-.27
-115
-
115J4-U8S4 113«-111
113 -113
....
7 125X-127H 126H-127H
gaBr.4 ....
IVest Shore, gaar ..4 101V<-105 104^105H
Kegiatered
4 101^-105 105 -105X
Sd, gold,
113
71
lal.reg
H.Y.On. Jk W.-lat,
llOJi-lU
-116
57H-63X
77«-80J<
3{106M-109
Marlem— 1st, coup. ...7
X.T.
loex-iioj* llOHI-llOJi
llfl -116J6 111^ 115
USH-IO^H 102K103
79.^-
115X-117
71
101 -101
Central-Ext
3'103)i-101
X.V. C.d:H.-lat,ep..7 130 -130K 130 -131M
lat,reg
r •.. - .... 129^-130
Oeb., 1884-1004. .5 III -lUK Ul^-112
1903
99!.<-100
7i«. san
115
113M-115
112J<-111
ll.T.
lat,
-110
116H-1S0
- 67H1
75
F. .6 101 -101
10-.i8
109
07)^inoH
80X 79H- 80
115
-101)*
80-80
91-91
Ul
TTH- 78M
KaahT.C.dc 8i.L..-lat. 7,i^H-i33
S4.1001
-83
57H- 68
02«- e2K
Mobile dt Ohio -New. .6 115^-ue 116 -lieyi
lai, exteii., l9-i7
6- .- - ..
113 -113
Clea. M., 1938
4 ^''H- 65^ 61-65 57)^61
-
-104 Ji 100
- 92
I
..; -
-
-lllM 106H-107JC
-UO 106 -107X
-110«
73
89 _-
4|.... -
lat pref. debent
75
6t.I..d:Ca.ro-'GaBr.4 77
-Ul
-106
7iH
3 99«-09H
Fmc. ol .Mo.— lat, ext..4 985<-101>i
94, 1891
7 lOlX-102
la. K.JtT.— Gen. con. 7m- r&a
FrOHt receipts
6 72H- 73
Cen. conaol, 10'j0....3 OIH- 66«
Trust receipts
3 63 - Oiii
Conaol., 1004-3-6... 7. U0M-U3M
M. J. June,
-102
101)^101J<
-12Xii 122
102M-1«2«
102
UO -nan-
115«-116X
108 -103
MII.&: >'a.-lM, 1010
'
ia»<-us2j<.
loij^ioix,
116H116X 116M-U6X
115M-116
-
Caaaol.g.,
mi
10)i- IS
-116«
— lOlX-lMW
AahlundOiT.,
9i!«-
52
15
120 -125H
194<i
4
Jack.l^.ifc8ag.lS0].«|.... ani. L.»«h.d::W.-lat..6,123 -123>i
Conv. deb, 1907
5 lOlJi-lOlX
SilOl -106^
Kxl.
Imp., a. I
&
.
111«-1U« Ul)4-lll«
115
•rtgagp,
Income
•95«
112
-112M
87 - 9eH
ioo»<-iout
UO
-UO
40 - 60
«0
Um
111'*
-112« UO^llOM
-977 85H- 07
81H- «e
U2H112H
87-98
97 -
86^- 89
TSfi.
78-78
ll'4 116V>
1I5X 116
78«-
110
115
-U55<
eex 8^-100
:iit^IS
-112
10
-111
IB - 46
K0» -tu
)
90 - 6IH 80 - e3K
80-90
99W-100
no
-118
illO
-U3,
THE
22
H RON! CLE.
<
[«'oi..
Lie.
1890— Continued.
APBIL.
JAirUAKT
aOMDM.
Low.HlKb Low.HUb
ll«rf.*We«t.-aen'l .» IISM-IM)
IMrr. nort.. 1906.9
S
HewBI-rer-lM
AdJaat. nort.. 19^(4.7
Clinch Val.,l»t*e»l-8 96 -100
118«-119
lao -120
116
1.
lOOK-lOOH e7>^-100
99X-101
111
119 -120
119
97)4- 99J4 •96)4-
96«
-130
96)4-
B««
Low. High Low. High
119 -121)4 11^-119)4 117
96
9594- 97)4 94 - 07
110)4-111
114 -114
-117
117)4-U75<
•96)4 93 - 95
1115<-11254
09 -10054 09 -100
9954-9094
•115 -116)4 115)4-115)4'll5)4-11654 116
117)4-119
115
118 -118 116 -116)4 116 -115
lis -114
111
114 -116
112)4-11354 11394-116
-
95
-11694 11354-115
11354-113
-116
107
-112
94-98
lit
112
-nsH
-in
-111)4 10654-116
-111
Gen. 2d Id. »r.,
112«-113!< 10954-110)4 109)4-111 111M~11194 109 -11054 109 -110 108 -10994 108)4-106«
Geo..Eold, 3d, 10376 ioeM-111 109X-110X 109}4 110>6 110«-111«
88-93
-8954 77)4-8774 77-82
9254- 94
3
Censol.. 19N9
106 -105
106 -106 107)4-107)4
103 -103 106 -106
107>i ICflU
DlTldcndBctip. Ext.
121
-121)4
182
-1825^126
-12654
12154-122
118 -H8 121 -121H 120 -VH.H
-11P«
118
mx-iaiH
Pac.
No.
St. Pan!
119X-119K U6K-116X
Kegtitered
-104)4
res..
•
-114
Low. High Low.HlKti
10794-10794
B-0
114
11854-121
IiOW.IIigh
-117
116>i-118
U4M-116K 114Jt-115M
116 -116>i n6«-117M
Oen . lat> !• cr.> rec-. .6 112 -114'< IHM-llSK 112
-U3K iiOH-iii« 111J4-114
«en.,I.«T.,2d.l»33 6 U««11S« U3«-114«
H».PBC.-Gen.l«l,
AnoiTST. Skpt'ber.
JI7NK.
KH-mi 97-88
96«-9e«
«e
117«-117« 117 -117 113M-116
ma-
80M-102
MAT.
TvOW.HIgb Low. High fjow.lligh
&
106«-10654 104
104 -10454
101 -103)4 105 -105
109 -109
108 -108
1075«-107H 103)i-106MS
8*okane& Pal. s. r..6 108 -106)4
-110
110
107)4-106
107)4-107)4
107)4-107)4
101 -lOSM ice^-iio
6 107 -loe 106 -107H
Dal. dc Man., !(
-107
106
-10654
107
108 -108
Do.Uak. DiT., lBt.6 105 -100 106 -106 107H-107X 108 -106X 108)^-106J4 112 -112 109 -109)4 106J4-107
109)4-111
108 -110
112 -lis
Wo. Pac.Tcr.Co..lst.6 loa -lOTiH 107 -109 106 -109 110 -liZii
108- -106
106 -106
Ooearde'AI.,Gn.l8t.6 106 -lOTO 108 -108
JaneaR.Tal., 1936.6
Bel.&RedMl., lit-.
lit. sold,
&
1016
09 -101
6
Mon., l«t, K'.6 106,-107
K. P.
Cent. WnBh., 1st, e...6
O.TB.& W.— T. reclnt.S 88X-84
Ind.
B.&W.,
loea-uoii 110 -llOH
I06H-108H
106«-10«M 106 -106H 106 -106 1O454-10654
83 -
8t«
3
3dniort.,1938
lst,pf.7
Ok, d5M.-Con».». f....7 1M«-1U«
Consol., 1898
SdiConcol., 1911
IM, Hprinsl. DiT
-66
6
Income
82 - 84
bSii- 66
62K- 66
10954-11054 •109 -100)4 109
em- 84
66-68
62-54
-124
115 -11654 113 -118
100 -101
122«-125
12154-122
122
101 -101
100 -100
-105
-101
-108
106 -106
106
107)4-107)4 106 -105
102)4-10254 99
104 -108
108 -108)4 108 -10654 106
10694-10OJ4
108)4-10^
10654-107)4 104
99
-106
-10494
09 -102)4
60)4
116)4-116)4
118
113)4-11394 113)4-114
114)4-114)4 114
113)4-11394 114 -114
114)4-11454 114
12254-12354 123 -123
123)4-12354
118
100
114
-114
107
-107
-100
-117)4 117 -117
tll3 -114)4 113
-116
113
-114
-114)4
100
-100
01 - 91
- 9154
-lll« 106)4-10754 107 -108
-11^
11994-11^
-118
100 -100
91
92M-9S«
109H-110 109 -109J4 100
66
45 - St-H 49 - 55
-110
-108
109 -1095i
8654
117M-117H 117H-1173< ll8X-118>i
114M-116« 115J«-115J^ 115>i-110 116 -11654 118)4-117
1149*-115
114«-116« 115 -1165i 1155<-lie 116 -117
7 115 -116
7 128J<123 128 -1Z2
7 lU -112
Ohio River llR.-lat..3
8
General, 1937
-lOOMlOe -108
OhloSouthera-lat.... 6
{2d,
83-84
108
100^-104
104
-106)4 104
100 -104)4 •101 -108
-106
- 61
64-68 40-63 49)4- 66
6354- 6654 80-06]
78 - 79)4 71 - 75
7154- 72
71-72
-110
110)4-11054 11054-11154 109
10954-110)4 10054-110)4 108 -lom 107 -10954 106 -110
9494- 98
103)4-104
100)4-10194
-100
98)4- 92)4
99
103«-104
101
-10154
100)4-10094
98-99
103 -lOSJiilOWi-lC^Ji
102X-103J4
79 -102)4 7» - 90
lOlM-lOi 103 -103H 103 -104X 104 -105 105 -106 •10291-104 10294-104 103 -10894 102)4-104
10294-104
93-04 00)4- 00)4
9254- 935i 93)4- 94J4 9454-9454
106 -106
Oreson Trans.— lat .6 103»(-106 106 -lOOM 106 -107)4 107 -1075i 1044S-10554 105)4-106 10594-106)4 10654-106)4 106)4-10754 107)4-107)4
-107
-110
107
10654-107)4
109 -1099S
107 -10794 106 -107
105)4-107)4 105 -107
Pcnn. Co.— 1 St, cp
4H 10^-lO9H 109 -109« 109J4-110>< 10954-1105< 109
107
-107
104 -105
-110
10694-10694
109
llOH-11054
106
-10654
106)4-107
Reilfiered
4H 106M-107
Pltts.C &Sl.L.-lst7 109 -109
4
Gen., Kold, 1921
Omabai& St. L.-lat..4
Or. R'y.& NaT.-l»t...6
3
Conaol., 1933
Ores. Imp. Co.— lat.... 6
Conaol.. sold, 1930..3
63-63
69-64
73«- 75« 76S<- 76H 76 - 70H 76H- 77
110«-lt3 109 -112 109H-110« 10994-110
62
0654- 67)4
76)4- 77)4
77)4- 80
6654- 0794
. .
PltU.Fl.W.&C.-lat.7
ad.,
3d.,
1912
1912
143
-we
7 141 -142
7
144)4- 144)4
138
-Ul
12854-12854
Olev.dt P.-Con«.s,(d.7 126 -126
6103 -103M 108«-103Ji 104 -1041^
4th, 1892
12854-12854 125)4-12654 126)4- 126)4 126)4-127
104)4-1(H)4 10454- 105
102 -102
Bt.Ii.V.&T.H.-lat.7
11354-11554 115)4-11654
100 -109
115 -118
11354-114
8t.L.V.&T.B.,2d,'98;il<»<-U<»<
2d, soar., 1898
7,
Peoplri<'G<SC.,Chl.2d 6 97«- 07« 86 - 88X
Veo. Dec.& ETan.-lsI.e 101 -103X
ad, 1926
3 60 - 72>4 69H- 70
Bvanav. DIt., lat
6 101J4-103
FeoriadcEas.,lRtcaB.4
Income, 1990
4
Feorinibl'ek.Un.-lBt.e
2dmort., 1921
4M
Phlla. &. Read.-Oen.4
87
lat pref. Inc., 1938. .3
80K
3M pref. inc., 1938. ..3
64J<
3d pref. inc., 1038. ...3 40K-4D
3d pref.
Inc., conT....a
Deferred income
6
106 -106
109
-109
-104
106 -109
106
-106
66-72
100
70
102
-102
-
73
-105
72«- 74
104
-105
-
97)4
97
-
8254
67)4- 6954
106
-106
85
8254- 8354
3454
30
101
-
65
46
38
- 70J(;
66
67-87
71
-71
70
8«54-86
84
- 865<
- 7154
8454- 8554
62
-
67« 66
71
- 3294
7»4- 82
28 - 31)4
-
-
80
70
8454- 86)4 •83
8394
- 76)4|
72
7454 7254- 74
-50K 4354-4854 4754- 63?< 62114- 68541 56)4- 5» 65)4- 68)4
- 43H sen- 40
42)4- 47)4 42)4- 47
43)4- 40)4
88H- 43
45-46 46 - 48)4 4654- 46)4
41H- 46
12«-12>4
16 - 16
Pltla.Cl.i&: Tol.-lst. .6
107
.
68
-10194 100
11354-11354
66
79
103
68)4 67
-100
100
- 81)4
-
ad, Inc
6
R.& AII.-lBi, Drex. r.7
ad mart. Drexcl
rec .6
Sieh. dc DaBT.--Cons..6
Delientare
6
Oon. M., Kold, 1936.3
K«>lp. a.f., 1909
3
46
-
60
68«- 70
D.&R.G.W.,lat,t.reo 98-86
.
78-80
- 83
799469J4-72?4 68)451)4- 6654 47 4054- 4394 37 45 - 45
82)4
70
62
41)4
*1
41-41
'
41
108 -108
6 84H-2P
* Kx-lnt«reat.
95
- 9754
7994- 81
97
- 97)4
7854- 80
7854- 79)4
117
101
80
-118
-104
- 6794
- 47)4
33)4- 37)4 27)4- 34)4
75)4- 80)4
50 - 58
2954- 37)4
99-99
-118
9654-9654 97)4- 97)4 95-95
78 - 76)4
7754-7994 74)4- 78
87^- 37T4
117
117)4-118)4 1169i(-ll8)i 116 -116)4 116)4 11694 115)4-117
105 -105
10454-105
104)4 104)4 10554-105)4 102 -102)4 100
8254- 9354 00)4- 92
83
91 - 9194
-9194 0054- 04
85-00
-117
118
-115
-100
-102)4
99
-
84-88
85)4
85-85
9094-0054
106)4-105)4
108
-103
103)4-103)4
I
!l01
-101
-103
10394-1O39S 10354 10354 103
108)4-109)4 109 -110
110 -:110)4]110
106 -107
107 -10794 104
48 - 62)t
103
86-89
113
108
-113
-108
86-8
84-85
60
- 60)4
106 -106
52 - 53
-116
115
60-62
84-84
2354- 28)4'
2«M-
255«
-103
100 - 106
-107)4
-101
mi- ••
-
....J11154-112
10854-107
j
10554 107
-100
10654-106)4100
48
61 - 52
.... - ....'118
... - ....113
10654 10654
10054- 108
- 51
I
-115
- 62
50-60
87)4- 87)4
87)4- 01
.... - ...
103
104 -104
•107 -108)4 106
100
103 -106)4
82)4-82541
10154-101)4
83-86
8754- 88)4
86)4- 8854
86)4- 88
91 - 07)4 93)4- 97
68 - 7394 5994- 7154 61 - 8994
72 - 74)4 08 - 7354 68.- 76)4
9594- B7J4
...
106 -10094
60-00
-104
-111
-104
108)4 109)4 106)4 107)4 10054-107
116
a4«-26>t
62
42
36)4- 37
08)4- 9954
mi
Allass s s Bi«Bt«»ald,
-198
81)4- 83
99 -10054 100)4-101)4 100)4-101)4 10154-10154 98-99
97 - 98
80 - 81!4 77-80
78J4- 8154 79-83
77)4- 79
77 - 78M 76)4-78)4 72 - 75)4
71 -72M 69J4-72J4 71«- 75)4 7454- 78
76)4- 78
•74)4- 75)4 74 - 76)4 71)4- 75
adineome, 1931
9
•t.I..Ark.d:Tez.-lst.6 aoH-ooK
MsT, 1889, conp. ofl
86)K-88H
Trast receipts..
76 - 82
62)4- 83
30 - 44
80)4- 83)4
....
8^
Belle, d: Ho. III.-] SI.8 117 -117
Bcll.dc Carond.-lst.6
8c. L. So., lal, aar,.4 «)t-82
1936
81)g- 83
.7 104 -104 106 -106
106 -106 106 -107
110 -110)i 110X-H2
lll)4-1125<|l0754-110
108 -110
104Ji-105H 106 -105H 106 -108)4|106J4-107J4 10554-107
37-37 .... - ....I 40 - 43H 43 - 60
85 -86
81 - 86H 80 82 - 8654 84-94)4
U0«-110J< Ul -111 111 -112 11154-112
HI -111 106 -loeji ice -109 109 -109 105)4-108)4
108 -106 107 -1075i 104)4-108
« 60 66 - 67
66 - 65
54 - 68)4 58 - 82)4
Dividend boBda
Ch.St. l..d:l>ad.,l«t.S
3d,
98
80)4-82
mi
Con., 1st. extended.. .3
«t. Jas.&U'd lsl.-lst.6
ad, Income..
3
Kaa. C. dc Ob., lst..S
«t. I.. Alt.dc T.H.-lst.7
JM, pref
r
ad. Income
9
,
- 4054
eon- 70K 6954- 70
08H-100
67)4-
06 7394- 79
78 18 - 82)4 17 -
-
22-27
118
08-98
81-82
40
89
-100
-107
38-40 37 - S9>i 37 - 3854 38 - 39)4
116X-117 116 -117 lie -117J4 11654-11754
»9X-10I7« 102K-103 103 -105H 102 -104
88W-90H 90 - 91H 90 - 90JJ 87)4- 89J4
88 - 89M 88 lOS -108 107 -107
Atl.&Ch., inc., 1900
1st. 1807 ...7 107 -107
Kleh.dc WestPt. Ter.6 100 -103
OoB., Ist, col, t. e
3 78-81
SloG.W. -1st, 1939.4 71H- 73
Rome W. dc Os.-l st.
tOYi- 41
-132
-134
-123
-103
-104
82)4- 26
11094-11094 112 -112
70 - 70
70 - 70
JPilti.Jonc.-lst,1922.6
PltIa.Paln.&F.-lsi k.3
PIttsb. d: West.-lst..4 SOU- asm 80-81
Pres. Si Ar. C— 1st, c.O 90-00
132
184
180
108
97
10654- 10754 103)4-10354
60)4 70
104 - 106
143 -143
132 -133)4
124 -127)4
102 -102
11294-112K 110)4-112)4 118)4-112)4
11294-11856
97
104
-143
143)4-14394
143 -143
141)4-141)4 14194-143
13654-13654
127 -127
127 -127
10154-102
145)4- 14554 14254-142)4 142)4-142)4 143
144?<-1445< 143M-144?< 145 -145
142 -U8>(g 188H-138><'U3M-1435<
04 -06)4
9054-9894 9194-94)4
8154- 8154
...
9094- 92
8794- 90)4
-102
-113
8654- 8954
88)4- 8854 •75
25)4- 27)^
22-25
-
.f.
- 8394
70 - 78J4
2454- 2454
29
-
t Under the rule; Cash.
3254
29-31
88-2854 27-28
18-22
18
- 1954
1
January
8.
THE CflRONiCLE.
IWl.J
23
IWO-Conelnded.
Jamdabt Pibr'rt.
BONDS.
MAY.
Apbii..
Low.UI|th{Law.ni«h Um.lIlRb Low. BIfta Low.
r
'
HI.
L.&
Iron Vt.-lM-.V 100 -lOe
SM,l»«»t
Ilranch....?
Cairo A; Ktilion-l»»..»
Cairo A rk. Jt Tcxaa. 7
CJvn. coDttol.dc I. ff
Hi.L. &:». V.-'M, cl.A.«
—
100
'
tiuim B
(iuM C
6
Equipment
Ceneral mart
(ienornl mort
7
6 100M-U3
9
6
-1(M)<
10«M-104M,1MM-10S
100'4 107 -100S4 108N-tOD.(4
107M-10TM 107M-107M IOTHJOTM' 10«<-108«
100« 101H;1005<-10H< 101 -lOlMlOi -lOlM
102M-10& |10tM-10<M 10» -106M106 -106M
88 - 90H 00 - OlM 01
OeMj 88-00
liaW-113 112!<-112M 12M-113 113M-1HM
;104
»il08><;-109
Arkansas
liaM-113!i;ll2X-llSSi 112X113
UZ$i-U3 112X-112)K112K 113
lOlK 101)4 lOlJi-lOlK
100!4-110
07
-
109K-110
mt
llOM-112
08
-100
8t.PauidcU.-lat
102
lua
107
108 -1065^106)4-100)4
-nr.it 108 -109
108»(H 1 OBJ* 106)4-100
106)4-10654
102)4-103
10254-10314 100 -10054
105)4-107
90)4- 95)4
116 -116
Ht.I».!W.<li»I-lBil»09.7lll3 -113
id moriB.. t»09
6 110 -llOM
102
-103)4 10854-10354 102
10T)4-1005< lot
107)4-K8
106)4-10654
loea-vmi
10054-101
100)4-10154 101!4-102
10454 106 -107
106 -107
105 -106
106J4-10754
-05)4 0454-96)4
93 -94J4 •01 - 92)4
104
114X114)4
101)4 101)4 10^4-102)4
-113
116 -116
118
10254-11254
B.V.dtN.E.,l»t. 1989.4
Bhen.Val.-lat, Tr.rrc.7 ii3M-ue
106
-106)4 103
103
10454-100
-106)4
-117
in«-iim HlMi-ni« UIX-IUH 110)4-117
120)^ 12<)>4 117
-118
-117M 117)4-117)4
-120
118 -118
«
6
1931
Incomea
Ho. Pac,
Cal— lat
O
1938. ...3
lal conml..
-U«
Il« -122
122M-124
SOU- 53
62-56
5 354- 67
119
60
48
- fiOM
90
-
9«
7«-
9
102
118 -118
119 -120 118 -110 118 -118
118 -119)4 110)4-110)4 •.16 -1. 7
116 -116
118 -118
11654-117
100)4-10054 10OJ4-10OJ4
90 - 91)4
90-91
89-90
88
117)4-117)4 116 -116
70 - 72)4 70)4- 75
- 77)4
7054- 75
69J4- 72
116
88)4
-116
70)4- 71
70
08-7054
-116
80 - 82)4
81)4
-124)4124)4-12554 125)4-125)4
123
98
8 - 8
115 -115
-107
107
101>i-102M 102
-lOSJi
- 99)4
9-11
8
lis
70-80
-116
79 -79
127 -127
67«4- 60
67-60)4
66
- 6754
69
-100)4 trnt-iooH 100
60)4- f'9«
100
Coilnleriil
TruHt
..
.3
Collateral Truat....4M
1M)4-107
-
....
89
116
Ext'n, lac,
1909
10
-
12
- 12)4
11
-101)4
101-
1154- 12
llW-12
13-14
12)4- 14)4
06-98
45
105
- 46)4
107
0154- 94
37)4- 40)4
SK154
9154-93
39«- 45)4 41-44)4
97-08
96-96
-117
-
9«54
-
06
9^- diH
115
-116
94-96
93)4- 94)4
113
113
80
00
86)4-
- 96J4
86
-
'
03X
109 -109)4 104)4-104)4
102 -108
109)4-100)4
107 -107
102 -102
102)4 106
91 - 02
93)4 90 - 9154 88-92
8294-- 80)4
4054- 42)4 38)4- 40)4 38
42)4 3554- 40)4 3054- 3754 z26 - 3254
l«
-113
118
-114
104)4-105)4 106
114
86-80
90-96
-105)4il05
102
-ii};(.J4
111
-106)4 104)4-106
103
-104)4 101 -101)4 104
-112
-103
116
-101%
102)4-10354 +80
102 -104
95
-
02)4
- 00)4
107)4-108
107)4-109
98 - 98
104 -106
103 -106
102 -104
78
78)4 7774- 78)4 77)4- 77)4
96 - 08)4 93 - 95)4
11054-11054 111 -112
110)4-11154
U2)4-112)4 11254-11276 112 -113
11354-114
114 -115
11154-11474
91-95
11474-115)4
-110)4
110 -110)4
no
no
80
81
95
102
76
83
•115
-
8454
-
93
--
99)4
•106
-
•
77
93
111)4-lis
lis
113
-
11454--U47«
114)4-114)4
-110)4 108 -108
166
108 -108
100 -100
-102
81 - 8554
84 - 86)4 85 -85
110)4-110)4 110)4-111)4 1U)4-112)4 UI54-III54'
UO -110 1 1074-1 lOW
92)4- 9654
96-99
92-92
-114)4 114
-116
05)4- 90)4
114
11*
•113)4
-111
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09)4-99)4....
77)4- 84 ]t74
...
-
....1 ...
112 -112)4lll2
108
78
-
....
108
108)4
66-72
no -lU
-112)41....
-115)4 114)4-114)4 1 14)4-114)4 illl)4-lll)4|lU
114 -115)4 U454-116)4 109 -118 lOT
-
...
lU
-U»
-100
93-83
88)4- 90)4' 87
- 87)4
87
-88
- 94
02)4- 94
•I-111
-115)4 11454-116)4 111 -11254 UO54-III54
105
- 91)4 94 - 94)4 93 - 94)4
•88)4- 91)4
-10854
98
78
-
M
94)4- 96
no
114
-11454 113 -114
9254- 04
93)4 -04)4 94
114
114)4
102 -102)4 103
.
I
-102)4 100
-
I
87
- 87)4
93-94
116!4-U8
•112 -112
114)4-115)4
-101
98)4-l<iO
««i4- 09)4 100
- 88)4
80
86-86
103
90
81 -
82W 82M- 85
47X- 63
109)4-110
116 -116
96 -101
31)4- 38
U7)4-U7)4
81-90
-104
80)4
06)4- 9554
78)4- 81
111)4-112)4 111)4-111)4 110)4-110)4 106 -106
106 -105
109)4-11154 109)4-110)4 105 -108)4 108 -103)4
8176- 85)4 7754- 83)4 73)4- 7»
86)4- 88
-100
99
85-85
87)4- 88
60)4-*e8
Ei-tntereft,
08
11454
-102)4
-10054 100)4-102)4 101
102)4-102)4 106 -106)4 10«4-107
-
99K
56)4- 61
- 5054
46
35-43
-
U2
0854-104)4
-101
5754- 82
-
Undar the
m«;
81)4- 85
79-88
81
80
-
86)4
W54-90)4
- 83)4
93-96
88 - 74)4 ee
-
78
30-33
B1S4
100
68
10054
- 68
-112
9954100)4 99 -100)4 9^4- 99)4 96
106)4-107
108 -108
- 9054
1
cash.
^
- "W*! 97W-100
106 -106)4'io4 -106
-
-101
96 - 98)4
-100
66-56)4
-
66
0(»4-»0)4
t
87
U4
U454
101
07)4- 98J4
6554- 66
-
87-88
29-34)4
50)4 41.-4854
62)4- 57
-110
106)4-106)4 106 -106
108)4-10974 106 -100
100)4-110
112 -112;4 111 -111
116 -11054 11654-11854 112)4-113
109)4-109)4
101 -103)4 101 -10454 106)4-107)4
98
80)4
985498
90)4
00)4 86)4- 98
99)4 9854- 99)4
0054-101
100J4 102)4 99
34)4- 35)4 3354- 3454 SIH- 33)4 28 - 31)4 8754-80
3754- 40
S7H 3854 36J4- 38
-114
116 -115
,
9654- 99
86 - 8654 85
100)4-102
101)4-102
101J4-10254 10154-10254 100 -102
81)4- 83)4 76)4- 80)4 75
8)4 71)4- 77
82)4- 84
101)4 too
106 -105)4 105 -106
86-86
87)4- 88
60)4- 63)4 48
111)4-111)4 110
118
117
..110054-102
80J4
88)4 88)4- 861)4
104)4-104)4 104 -10454
-10354 10354-106)4 10174-103
80)4- 81)4
47 - 49
111)4-112
Weal. Un. Tel .—Conp. .7
Registered
7
Collnieral trust
3
-
103)4-104
112 -112)4 110 -UO
114
11454 U4)4-115 115
115)4
Hl.C.B'gc, li<t,lH08.6 110 -110 110 -110
W.N.V. APenn.-lM.S 02)4- 96 0454-95)4 9»5<- 96)4
3d»I., g., 1937... 3-3 29 - 33
31 - 38M 31 -
•
87-9
-115
Ta. nild.-Geii.,193e..3 86 - 87 85)4- 87)4
Gen., guar.atRmped.3 88-88)4 87)4- 88
alley Rr. ot 0.-Con.«
106)4-107
W abaah-lat, e. 1939.3 102 10354 a03)4-10354
3d mort., gold. 1 930.3
80)41 80M- 8254
Dob. inc., 1939, a. B.U 60
53
48 - 52)4
Wla. Cent, to., lal,«..3
laeome, 1937
3
Waad.ii'k Iron— BI....6
100)4-10054 10(H«-100H
105)4-10654 104)4-106X
106 -106)4 104)4-106)i
84-88
N'orth'n-lHt..7 115
Wheel. Jkl.nkeE.-lst.S
Whp<-I. Dlv
1st, g.S
112 -11!^
-107
96-96
..7 112 -114
7 112)4-113
Ht.L.K.C.&N.R'l C.7
No. Mo.-lat, 1893.7
lOlii
- IS
92-03
118 -113)4 111
115)4-11754
116)4-118
110)4-117)4 113)4-1 14J4 118)4-116)4 115
112)4-11354 n25<-114
Vn.Pac.L.<&Col.,lat.3 101 -102
&
-.68
18
60-50
-106
V.Pnc.Den.ibO.Con.S
Utah
08
69)4- 73
tieo54-2854
68
100
96
96
-U»H
114
- 89)4
87)4- 87)4
1105( lllM
111)4-111)4 111)4-1 12M
We«l-l»l.6
Utah Honth'n-Ucn
73)4- 77
-
- 02)4
I
..
89-00
lal, couHol
6 11494-116
Cent. Br. i:. P., a. f. 7
At. Col. <& Pac— lat. .6 96-98
Oreg. Hh. Line— lat.. .6
Or.Sh.L. <kV.N.,can.3
Collsl.Tat., 1919,g..3
69
K/iH-lOTH
Kao.Pac.-lat, 1893.6 iii)4-ua
lai, 1896
6 110 -111
K. P., Denv. Dlv. ..-6 113 -113)4
At.J.C.ifc
57)4-
60
103)4-101)4103
110)4-110)4 UO -111
108)4-1085i 106 -109
100 -108
108 -108)4
104 -lOfl
80)4 78 - 79
78 - 78
78)4- 8054 80
09 -100
Vm- 99 09 - 0954 98 - 99"4
111)4-112)4 11»4-113!4 10954-llCM 110 -110)4
6 112" -112)41113 -113)4 114 -114 113 -113X 113)4-114J4 11854-113J4;ill»4-lll)4 11154-112
6 113 -115)4 114J4-115J< 11554-11«5< 1UJ4-115J4 ll4J4-n,^.!< 116)4-11554 •11254-13)4 113)4-11374
6 115 -116 |116'4-llflJ( 116?<-118)4 11854-118)4 116)4-117)^ U6)4-iie)4 H454-U5 U454-115
8 115)<-116)4;116)4-11B)4 112J4-112)4 11294-113 11254-113 113 -113 113)4-114)4 114 -114)4
8jll5M-115)j,116H-116M 112 -112
113)4-113)4
6
87-8
-100)4 101)4-101)4 10354-10354101
114 -114)4;U5 -116
115 -115)4112)4-114
100)4-10054 10054-](i|.X 100)4-102 '10154-10254 1OOJ4-10254 101)4-102
'100 -10054
-107)4 107)4 KiT-^ 108 -108
105 -lO.'i?^ lOfl -10«
106 -106)4 106 -106)4
105)4-106 106)4-100)4 106)4-10654 108)4-10654
10754-1O7J4 10754-109
00 -10154 06)v- 98
97 - 08
06)4 08)4 9«X-08)4
98
99 -100)4 10054-103 101 -102)4 08)4-100
99)4-100
95)4- 98
99)4
97)4
104)4-106 105)4-106)4 103)4-103)1 103)4-105)4
Tol.A.A.&N.IH., lat.6 lOo -107)4 106)4-106S( 106 -loan 106 -107)4
Tol.A.A.<&U.T.-lst..« 107 110)4;108;4-110 112 -112 110)4-110)4
Tol.d: (liiloCcnt.-lat.S lOi 103)4:1025i-103)4 103 103J4 103)4-101
T.l'.JtW.-lm, 1917 .1 76 - 76!4 76)4- 77
77 - 78
7754- 78J4
Tol.Kt.L.d:K.C.-l8t.6 9* -101, 98 -101
08 - 09)4
90 -100
VntoD Pnc-lst, 1896.6 111 -llix'lll)4-li2)4 112)4-11.354 11154-113
ReRlHtered
Collniernl Troat
-US
-ue
-100
66-59
112 -112
A.A.dcC, 1917.0
1897
1898
-
lOSU-WSH
c
im, 1899
HlokhiKlund
111
115
10154-10174 100
11«4-U7)4 116 -lie
71)4- 76
116
-102)4
- bOii
Tenii.C.& I.— Tenn. D.e 97 -104}<101)i-104«
BIr. DW..l«t
e 08><-103K 99 -103
51 - 51
Tex. Crnt.-lst. 1911.7
T.&N.O.,Hab.Dlv.,lsl6
loa -HKJ 103)4-103)4
Tox.Jtl'ac.-E.D.-l»I.«
3 90«- 92)4 91 - 92% 81 - »2M
lat, gold. 2000
3d,
Inc-iOUO
3 38J4- 40)4 37?i- 10J4 37H- 39)4
Third Avi-nue(N.y.)
Im, 1937
112 -11256
3
lat,
lat,
8474- 91)4 87
102)4-104
107
Ho. Pnc, Ariz., Int. ...6
Ho. Pac.. N. Mex.-lat.e 107 -107X 107K-107M 107)4-10754
Tol.
10854-10^
-105)4 103)4 106
-107
104 -lot
-102)4 101)4-102
-106
104
Stamped nsaented
ltd,
101
-103)4
88)4- 88)4
1
Haath Carolina—
let, ex Apr„'89, ep..«
104
10654-107H 0254-lOt
- 92
112 -112)4 no -110
110 -Ul
11354-114
111 -112
11154-11154 113 -lis
110 -11054 110 -111
114 .-114
111)4-111)4 111 -112
112 -113
tl06 -U0)4 108 -Ulft
102)4-102)4 102 -102
101)4-101^
111 -11154 11(»4-110)4 110 -HI
110)4-111
106 -111)4 106 -lOBM
08 - 90)4 86-96
96)4-96
03-96
1
-119
Ilakoiu £xl»uaion....6!ll8»<-118S4 117T»H8 U8>4-120 120
-120
lal. conaol., coap
«{116M-120 116 -ISO 118«-U7X 118 -118)« 118 -11K54
Reduced to
4Kil01K-101M 100 -lossa 101 lOlX lOlX-lOlM 10154 loa 102)4-102)4
ItlanluDa Ext.i lal...4{.... - ..
-een
89)4- 01)4 •80 - 92
88J#-88«
MaDtana Cent., 1b(. 6;113 -114 114K-11S
116 -116
116 -115)4 U8 -118
8anA.di:Ar.F.,1910..« 8S -66
87 - 87J<
86 -86« 87 - 8754 86)4- 8S4
« 85«-87K 87-89 86-87 86 - 88 87)4- 88)4 87)4- 90
1996
8 F.dcN.P. lat,1919..a
Oe - 98
General mortsagc-.B
Trust recelpta
-103
-108
106 -106
io8M-ioe
3
5103X-103W tO4M-106
1917
3d,
IMH-IOS
86-80
Tram, 1087
Adourt. SCPrBIB.OOTaBtU.| NOV'BBR. UBC'BBB.
JOIIB.
Low. High Low. High Low.lligh Low.Hltrb Low. Ul|[h|lx,w. High Low.Ulgb
lIU -115 112 114)4 114)4-11454
|ll3X-lHK 113 -113 114 -U4)4
A
K.C.<fcHo.W.,liil,'16
Fc.H.JtV.U.B..lat.'10
III,
niicb
.^tamped absented.
9654- 90)4
49)4- 62
90-90
98
43
....I
90)4
93 -
60)4
3054- 46)4
...
-
9854,'9o'
....
80
-
»7)i
- 97H
«8X-S4K
.
24
r bDIV
JASTAKY Fkbb'by
i*
8KUaiTI«8.
THE YEAR
DURING
PRICES OF STATE SECURITIES
T^^^^^F
•
.--—
APBIL.
—
,
I
Low.UlKb
107
107
1890.
DE^BDt^
AUGUST. 8KPTBBB. OCTOBKB. NOV^ER^
Low.HIgh Low.niKh Low.Hlgh Low^lghif^ow^Hl^
-103«103 -IWW
JCTLT.
J PMg-
MAT.
I
-107H
-104
-107
-108
-
no -iw
i,a
LU.
[Vol.
THE CHRONICLE.
103>^-}2*
-108
-100
;105
...
100
-106«
5-8
4-4
llUO
-i(K!)«
160 -ISO
-
iSH
* * -
Won-Holfprd-;
7b L. B.
»
»
t.
i,'
McmphiK A
•7t
I..
». iMoo. .. .
I.itile Ko<*
U. r. B.
7». Ark. Central
i
}
*
3 -
i N.O
I4R..—
Dumped. 4s.
7...1MII boi><^
Kunding bonds, ISM-W...
Vork-«j,lo»i..H»«
Hew
*.. loan. 1S93
..
. .
0=
e«. old. A.Jk
..
y-;^:^
:•;
W.Car. KK..l»8*4-5.
...
RR..M«n coup » oB
...
N.rar. RK., A.4
N.Car.UIl. .seven CO op'ion
funding «cl. {«»-»&
New bonds, J. 4 J., 181I4-98
New bondii, A. * O
Chatham RK.. ...... .
N
Car.
Speo'al tax. ciMs 1
Special tax. claw S..
Hoertal Ux. railroad Issues
Consul., *s. 1910
Small bonds
On 1919
KbJde
iBianii^-Ss, cp..
1g-»4
South (»rolln»-^,act
Msg'.
«,ISfl«,non-funa., 1888.1
odnsol., B«. IfWS. .
TbmmS^-*.'. old. i»>0±«
Brown
.
.
new
K
Smprnmlse
series.
l'*',.^?*
lOm-mh
67
-
H7
U7
19l«l
-67
««. 191-l.ilOJ
-107
19U
77
8-4.r>JS..
New seulement,
New .Settlement,
'
»», 1913.1
lrmnl«-«J.old.
I
-
mi-.
77
73H
....
0a, new bonds, IHbo ..
Oa, new bonds, lB6i...
e«. consol. bonds
64, ex-iuH tured couoons
Oa, oonaol.. 2d series
Ba,
.
deferred bonds
Trust receipts, 6«
lO-f s, t U8i rec«li>;s...^.
Ola. ol C >luoibl»-3«5«,l»M
randiBf 6>, 1809
COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS
(Compiled from
all
Sales ot Stocks at the
New York
STOCKS FOR THE YEAR
183
Stock Exchange.)
1°""'
the Chronicle, show the monthly l^iglj^^^t
The following tables, prepared
f'^'^ sales of
the
that
Exchange, It has frequently been explained
prices of stocks sold at the New York Stock
the case of those
taken as the standard for prices, except
usually
are
round lots of 100 shares and upwards
other price can be obtained.
stocks that are sold mainly in small lots, and for which no.
in the usual style for
m
1§90.
AtTOUBT.' SIPT'BIK. OCTQBER. NOT'BKR. DBC'BB
MAT.
STOCK a.
Low.Hlgli
Low.Hisb Low.Hlgb Low.Hllta Low.HIgh Low.Hlgh Low. High Low.Hlgh Low.Hlgh Low.Hlgh Low.Hlgh t.ow.Hlgh
i
u
RAI INROADS,
35-35
AUbamn tk Vlckabar*.
171 -176
AlbaBTdcHusquehaBMi
37M-40M 39X-60M
Atehlaoa Top. dc 8, Fe.. 30»*-33K 31H-S3H
Atl. Si Char. Air Lisa.. 88 - 88
Atlantic <k Pnctllc
Ball. &. O. H. \V,-Prar.
BelleT, Oc 80, Ill.-Pref
Bast. Itarir, Oc E.. new
H- H
BMI,dE N. Y.'Alr-L,, rrl IMW-IOIX
BraaklTn lleTated
Baa. Rach.ikPltlab....
Pre!
Bar. C. Kap. dc Mank...
Callfarain Paclle
Caaadlan Paclte
Central
Ceolral
mt
Mlaa....
NrwJeraey
M-
H
H-
I0«)t-102>» 103
119
25-35
7
91X-
9m
7 -
OH
7 -
8M
6»H SSH- 55
iH- 5
-137Vi USW-128
43H
6-6
5«.-
103M-106
23-41
25-80
85-85
- 10
104X-105« 106 -107 107
38-38 37K- 38 39
37-40 36 - S8H 35
-107
-
•
39
35
105 -107
25
106 -107
35M-S5M 35-35
78M- 79
30 -34
10 - IIM
-27X
76M-
7^
25-25
U79<-121K 117H-123H 1819(rl28« 123 -126« 124 - 126X 118 -125
81-33
30K- 36^ 35 - 36K 33«-36H 32H- 34
82
22«-S4« 22«-847«
58-61
38X- 40H
68K-65
-
117
31
HSfH
73H- 73
74
74«
75J<- 76
20-20
25-25
-
-
76
68«- 74
42
-
6SH
45-60
»2
-113^! 93 -105H
78X 67
-53«
109H-117
33
29-31
28)i-
88
24« 23M- 24X 19«-2SX 20 - 22M 19 - SI
62 - 5BH
83H- 66H 63 -6B« 64 - «5Jfi 66 - 63H 66-61
42«- 44« 41«- 46« 43«-4«« 38 - 44M 37«- 41
33M- 37Ji •ioH- SiH 23H- 8SX
132 -133 131 J» 134« 132 -135
123 -128
133 -13»
181 -133
125 -12
129 -129
23T<-25>t
U
1-05 -1-10
III
3m-87^
80-88
1-00
-
&
-
z Bx-dlTldend.
11
92M 83H-90X
-ri5
2«H- 31
70
28-30
16 - 19Hi ItH- 17H
38 - Uii\ 3C - 4354
2» - 3SM S2X- 37
35 - 40K 38-42
41« 46H
7»« 74 - 85M 80M- 86
85 -89«
95
asii- 89
Ckle. Mil. dc fM. Paal.... 87H-71H 86?*- 70H 6«*- 70
73«TSH
78«
««W-74X 73H71»s- 75H
Prat
lU>i-116)t U39i-116»« xU2%-17« 112?<-122« 120 -123
118 -121^ 117« 118
Cklc Nortkweat
llOH 1HJ4 lit -117 xllO-116^ 110>i- 112
100H-112H 107 -mSi
Pral
140)«-lt3)i 140 -143
X140H143 141H-146 U5Vt-148 143H-145 144 145
Ckle.R.l.dc Paclle
8ew-9eM 89^ 95 89 - »5H 94>i- »7
9a«
91>i-95«
Praf...
30H
4-4
STH
183 -135
133 -133M 120 -134
Cfelea«a 4s Alias
129»«-1.12
leo -leo
Prel
160 -160 I«6 -165
BeB.,lr.i«c. m- 7
»*- IH 7«-ll« lOH- UH 12X-15M 13«-•14M 13M- 14
13H- 13H
Ckla. Barl. dsQalacT... 1O5M-10W4 lOHK-lOSX 102X-108H 103M-106H 107>4-111>« 104K-108 106« 107« 100 -106H OiH-lOHH 89M- 9eH 80
BUkta
'
28
Ck. dc All.
Ckle. 4k Kaalern
1
33M-33M 28-30
-122
-
6
108H-103H100 -100
28 - 2»
2-3
4-5
m-
-120
104 -106
72 - 77K 77«-8S5< 79K-83« 7BJi- 82« 7m-»iH 76 - SZH 71
sax- 65« 54X-57M 57M-60« 66«- 61Hi 5«J<- 57M 61«-56K 58X-65H 81
de Aacaals..
43K-4SM S7J«-44
4«- 5«
6«
3-3
M
-105
33M-3tM 30-33
Ckaa. dcO.-Vot,(r.eert. «5M-!57M 22»-a6
«* -«6H 68H- 05
O lat Kraf.
•M»rar
OH
<H- 7
7m- 75H 71«-73K
-
33M- 35
W-
80-80
10
63
I'aclllc
Char. Gal.
-»
m
120
-
X73«-77J(
Caaadn Hoalhern
CadarFalU^
1»
76H- 77
t&
15
6 -
175 -175 171H-171H 171K-171«
44 -48« 42«- 47H
3TH-
^1 - 41
160 -171X ... - ....!158X-167H
2354- 34HI 25«- 32M
S2M- 39
38-44
42 - 45H 42 - 459< 41X- 45
83 - 92K
88 - 81 ('87 - 03
89 - B3
68?<-72« 64J«- 72h\ 5SM- 66W, 44-58
I
36-39
m
-
sa
46«- 52H
116)^119H 114 -HTk'iOS -1H«'100« 108M 995<-106M
106^ 111?^ 10eT«-1109<|l05Ji-109)i^l01«-109
98 -105
143^-145 1*2 -1439i 138 -140
134 -13««
83«- 9»4 70H- Sm\ 74J(r 81H eiw- 76« 66 -TSH
,
Jam(jart
THE CHRONICLE.
8, 1801.]
25
1S90— Contlnned.
JANITABT riBB'BT.
STOCKS.
4Jhle. Ht.
LuU Si
Pill*
Paul M. Ac O..
15
-
««M-
MM
a2\i- an
.1114-
ssfi
I
«
-
M
m
«
88*4- 73
«a - 98M
5
Sl.Ii.
»7
Pref.
- 18
48M-62M
31
4c Ball..
Frel
CleT. CId. Cblc. &
-
W
Olevr. *: PlIW.. «nnr.... 16d -167
Oalanbla Sc CreeoT.. pt.
187
-
184
-157
-1S«
98 -lOOH 995i-10I
68 -157
26-25
&
Ft.
28-86
-
42-43
W
....
Pref
Vaiath!'.
3SH-36X
I...
34 -
85«- 30H 31
Aaoentcd
ItMM.dc
Ft.
D
•)4-
-
Do
;
5-5
9«
lat prer.
87-70
71
Mprel
SOU- £3
219i- 24
-
7-8
VUtrieai
ie
UooMon ii Texa*
Cent,
-100
M
-56J4 68
- 675*
6Hi- 6154 66
S«- 5
117X-XS0
98)^ 99
-61X
8 -
OH
75<-
8M
0-6
20
8H- 9>i
72H- 78
71X- 73
22 - 23^ 22 - 23^
74
18-18
107 -108X 103
- 75H
en- t
71
-toeii
-
235*-
20-20
HI -124
81
9H78
vm
954-
5-6
4-4
6-6
1774- 17JI(
8«-
9H
7854- 78
- 7954
126
-12654 120
2854- 84« 22
120 -127
-
-108H 101 -1015* 93 -lOlM 96
14W- 14M
12
74
-
- 75
- 12
-
m-
81
4?i
H
- 355*
11
79«-»3«
3
3«-
39K
8054- 84 J4
815*- 83
- 1«
774-
4-7
3»i
123
-
p. c
7554- 78
73
-
21-23
1854- 21
27
78W-81
4-6
6?4
3-354
2«- 3
-
IH
LAke Shore
IjOos Island
l,«a. Et. dc St. L..-COB.
Prel
18
17
24W
- 18H
19M
62H- «7H 82 -84«
-
-
18
18
17«- 19
14
18
-
19
-
18«-10« 18M-19N
18«
88-8
2854-31
60-60
70
13 -
112
11
13M
Pref.
Jloahatlan Conaol
JHaahattan Beach Ca...
Waoiphis dc Cfaarleslan.
Mexican Central
Mexican
-107
-
18
-
6
6H-
18
-112
- 11
58
6«
5
-
6K'
5-7
...
-
....I
60-84
93M- 98
Ulw. L«ke Sh.dc W.
..
tnkee dc North,
anaaeapsiis dc iM. I..
Prel
Wlaaaarl Knn. & Texas
Trust receipts
9d aasestment paid.
98H-104
110^-114
50-50
50-60
8M12
-
9
-
ex
8 -
109
-113)i
60-50
5S<-
7Jit
6
U«- 14«
12H 13H- 15«
UH 6«- lOM
10 - 12«
8-8
9X-
U
23-23
Pref.
Kl«hts
'J4 morttace baads
H-
x
Kixhts
aiabtledc Ohio
WlwrrlmSc Easex
XaahT. Chatt. & St. L...
Vew Jersey Southern ..
1154- 12
83-90
90-90
XIO8-UI54
11254-117
-
15
- 18
-
11-
15
274
18
1%
274- 8
85 -100
13
-
im
H-
10
160
102
H
-
995*-103l4
93-96
215*-
2854- 3154
6-8
-109
754
5)4-
17
- 82)4
U
175*-
- 16
IS
29-31
60-65
ilX- 1154
1054- 15
-108
-
7554- 8554
6654- 7854
40-43
30-31
85-85
8674- 767«
86
17-85
12-17
-114
8-6
8
- 80)4
- 30)4
-114
- 14
13-13
-10454
9S)4-10»
23
08
6-8
- 2674
16-8374
3-3
W74
454- 454
83)4- 91
-
84-87
-
39 - 3»
17 -80X
-917i
80 - 9554, 87-00
xllO -11454 10854 1115* 108 -UI74 110 -U5)4 10«4 11354 100 -108
9354- 9374
•)«
en- 85* «<- 754 654- 6Hi....
5-8)4
- 15« 15>4- 205* 175413 - 13)4
17
17
17H 16 - 18
4«- 5
7«- 9X
12 -»7W +18H-20M
««- 13
- 20»4 1854- 20W 17-80
22 - 26K 2554- SIM 2854- 3054
-28K 26 - 2754 28-88
6X-
95
654
1354
1574- 18
17X 14
-
16
t4eM-U9K
103
-104
H
13«- 17H
74**- 7954 X7254- 76«
I'iS -1-56 1-25 -1-66
*
*X
- 45*
8)4- 11
8)4-
10
28)4- 26)4
16 - 1674 tl6 - IS
16)4- 23
16-81
66)4-
72K
8874- 71
56-607*
18« 17 - 18>4 18 - 2354 19 - 2454 2374- 3054: 2554- 31
14974-150
-15654 16254-15W4 15354-15454 150 -15454 I.tO -151
-106
10^-104 10054-10054 10374-105 102 -106' 99 -100
1754-
150 -153
153
108M-103
104
H-
7254- 74«| 6854- 72?4
OhI* trentml
MI
-
-
8X
18
8«-
107*- 135*
.
OS
225*- 87
-1*074140 -143
06 -100
9054- 05
145
I
ZO854III
10754-10854 105
18«- ITh
72
39
113
1854- 1876
-10774 10454-10754 100 -105
1554- 187<; 1474- 16
1574- 1644
- 74
I
0554-101
6H
19-20
6I4-
23
% Bz-rights.
-««
9554-1015^
0)4- 157*
95*. 1174
60 - 6754 5154- 67
23 - 3554' 19 - 235<
1I4 -11*
no -iia
47
88
317<, 1774- a>
- 61)4 48 - 515*
- 4174' 2»4- S4)«
-253 ,250 -S6»
19 - 20 |.... - ....
13 - 17)4 14 674- 7)4
5«- BTi
21 - 2874 21)*- 80
IS - 175*1 13 48 - 58
5154- 86)4
!48
MH
me
I
6 - 7M 6
20 - 28
18
1«M
«
8-0
asaeMment mta.
-87M
112
50-50
i
i Sd
'
13)4- 135* 1*
93-9754 98-06
91-94
-160J4
50-68
10174 107
2874- 2674
-56X
60-60
6
New
7
10)*- 1474
- 81
61
14
4W
-
7
a*
-14
86-88
67 - 6074
154-7154 69 - 7074 67-70
- 39
- 4054
36 - 3674
37«4- 3854 37-38
K. V.I.ack.dcWeat
112>«-113^ H2H-113«:U1»<-113H 110 -113 112 -113
-115
11S54-H5 11354-114 11274-11874 11454-11454
«. V. Lake Erie dcWest. 28 27>< 25W- 27H 23«- 28H 28X-28K 2754- 295* 25^- 29 2554- 2654; 2474- 86)4 2474-8674 8074-847*
Prel
80 - 86K 80-84
85 . 6054
69 - 83)i eOM- 87
60-66 55-65
65 - 68
61 - 65
43«- 47
46 - 49« 47J4- 5254 4654- 60»t 47«<- 6174 4654- 4954 4274- 48
v. V. dc
England
3954-4474
435i- 49M 43«- 48
V. N. Haven dc Hartt. 244M-250 2»9 -253 |248 -260 260 -258 2.'">5 -285 283 -270 28354-26254 S82 -863 260 -266 259 -880
20 -23
• V. «& Northern prel
24 - 24K' 23-28
26 - 27H 27-82
26-30
S. V. Ontario dc West.. 18«- 20X 17«- 19hI 17X- 18« nK- 21H 20 -2S9K 10 - 8154 1874-80 1774- 1074 1774- 1074 1674- 1854
Y.
S«S4.
dc
West
««v.
054- 7
7« 6?<- 7
754- 8
674- 754
6X- 8H
7 - 754
7H- 8
Pre*
30 - 31^ 27 - 31W' 27-89
27 - 32H .•)25<-S4»* 32 - 3354; 83 - 3354 30-32
26 - 2854
2:54-31
Itertalhdk Western
18-20 16 - 10
21N- 24Ti 2374- 8474 2174- 2154 1954-20
21 H- 22W 20 - 22M: 19>i- 20K 19H- 22
80«- 62?« 59T^ 61« 59!li- 65
844*- edM 6154- ae
60 - 6854 0074- 6474! "1 - M54 6654-6074
iPaclfle
30 - aaH 30M- 32M' 30 - 31% 30H- 34 H .1354- S8J4 3654- S954 357*- 3674 31 - 367* 20-3454 26 - 3074
Prer.
80-80
76»j
71![<73**7SH- 70M 72,
7154- 7754
8154-8574 8154- 8854 70 - 8274 74)4- 88
74H
81H
r
80«
88-90
30-30
- 62?4
2254- 2754
28H
4T*- 5«'
96 -104M 0754- 98«
02^94
vm
rreT.
a
2 - 87i
92)4-98
4874-66)4 44
5754- 6354 5854- 80
-10954 10474-10874 10574-10854 10254-10754 101
9054- 9354
5-554
58
17«- 18
17«- 18
18 - 18
108X-107M 108 -107H 108K-108M 107 -108H 108 -UO
- 18
18«17
17 - 185i
m. V. ChicBKO dcSt. L...
17« 18
18i< 18
1st pref.
70 - 71H 70-71
70 - 70H 70 - 73
72T*- 75
tMprel
38«- 38« 38 - 39H 37H- S9M 39 395*- 425*
OUa Indlaaa d: WeM'n
'sT*
M
-151
-104
H-
«*-
80)*t874-
10)4-
180 -151
102 -103
«<-
80-73
- 6454
114
105
13
14)4- 16
- 1774
-115
-110
- 6
5-5
6
Bewpert N. dc M. Tal...
m. V. Cent, dc Ilud. RIt.
.
I
7«4
7-8
15 - 15
08 -113hi 113 -1155* 113 -115
55-65 6254-625*
71«- 78« 70«- 75« 71«- 75« 69«- 76«
ailaaouri Fadlle
1«*
i3M
100 -U374 100' -111*.
100 -11374 17 - 88
74)4- 78541*6474-
28-23)4
87>*- 875*
234«- 295s
5«- 85*
93 - 9SH 03«- 96M 97 -10054
»3«- 96H 91M-92« 91 - W4
1114-117
75
14«- 14«
45*-
Nat. Cert
Mlckican Central.
4
11-13
«7*- 7«
66-75
- 75
1874-1874 13)*-
67
96-96
- 14
29-81
58« 69-65
80-62
18 - ism' 19M- 25
17Ji- 18
-
115
90J4-90X
1025^109^ 108M-1135i
102 -105
854
654
274-
l<aalaTllle dc Naahvllle. l84«- 91M «iH- »0« 82»<- 85« 8354- 91M 8954- 025* 8754- 91 5< 84 W- 8974 835*- 895* ai - 8974
39 - 54M 42 - 48M 40 - 475* 33 - 425* 4454- 465* 40-45
4154- 46
Crftalav.New Alb.dcChlc. 37 - 50>4 45-53
80-82 3254- 3254 33-33 3.354-3354 30 - 31
3l%- 32H 32X-32X
;lA>alsT. S'. L. dc Texaa 3l«- 32
&
-69
75*- 1154
14' - 14
14
17
17T*63-67 6o5i- 875* 655*- 88T* 8554-88?* 60
a2H- 08
104«-108« 104H-108H 104X-107),- 107 -1109< 110 -IISK 1105*1145* 108S4-UOH 103
87 - 91% 91 - 935* 92 - 93
88 - »Hi mi- 89«
9354- 94
JfahealnK Coal K'way.. 65-65
Pref
Ontonacon 10 - 15
3Har«. it.
80 120 -13»
6-8
13-185* 10-12
11«- IIX 12X- 13
-
75
96)4-10474
9-9
•UH
Pref...*
Pref.
W
I
*
278 -875
10 - 1354
14
17
6«7«-80J<
80 -OS
«x
- 1474
8)4
270 -870
IMIchlcan.
aUacaton dc Pembroiie 24X- 24M
I'H- 19«
K«keErie & Western
-80
* -
6)4-
7-7
270 -870
««-
82
8-9
1
10
6K-
-128
-127
115 -12054
2!^4-2454
-120
JK&nawha dc Ohio
Ke«liakilt Des Moines.
86M
-ZtH
89-89
7854-
Wi
270 -270
3«-
-
- 1154
8H
-255
- 8S54
9«
8
8M-
1854-
-136
99-99
6-7
OH
78 - 77
»7X 84«- 26« 22H-2454 22
SIX- 3-X
12 - 18
250 -250>i 260
114
-
160 -163
6274-6754 4854-68)4 63
8
2354- 24
84M
9!*- 11»<
7rt
754-
8
96«-iei
71
4-4
-
8
114H-11SX 116 -1169i 1195»-117« 116 -U75* 118 -117K IIO54-U8 104 -Ul
98«- 9eM 97H- 99
90 - 9954;.
98H- 96X 99-99
8«- 10
B5»- 125* 10 - 10
8«
954- 9H
85*
9H- lOX 8
29
29
28
335*
28-30
S6 - 875< 23
80-30
2?>4 2454- 28
24K2«W 22M-
Pref.
Kaaawha dc
-253
6?<
»«
8H-
dc B. 8,
Uaabetlit.I<ex.
Vraaavllle dc T. Hance. 98 -108M
Vlint dc Pere Mara
Pref
0««rtrtn Pnctlle
<j{. Norlh'n lub. pref.... 44H- 48
3H- 10
«lre<!a Baj Win.dc Sl.F,
-.M. sab. paid
Prel
5«-
20-20
15 - 15
8W-
H -MM
18-18
4«- 5
6-10
1354-1674 U54-1374
88 -48
8874- 41
8e)4-4154 30
20 - SI54 86 -89H 10 - 8774 20
86 -00
88 - 8«
76-8
7«
14354-1475* X14454-495* 141 -14754 14054-14854 14074-14874 18374-143J4 124!4-18»5<
1754- 2U4 17X-21K 1874- 18
16 - 1874 16 - 18X
1754- 1954 18 - 20
36«-88»|
S5M 80H- S4H 31K- 37
««
prel
Low. Blck
M
S. Ac Atl
VoscTeoD. Ta. AcGa...
1454- 16
Dic'sas.
Low.BKb Low.Hlcb
66 -7l»* «*)*-«05* 66-67)4
9554- 08
96-0754 88-98
156 -15554154 -164
16654-168J, 164M-U654
S3 - 335* 3^-8854
3354-345*
«««-27»* 2754-8854 W*-S8« 28 -88K 28H 3154 2154- 30
18654-189»4 168 -187
15444-163
tl345*-167 12854-180H
0»<-1005* 995*-100
18X- 18H
TUInala Central
Leased line, 4
Sawa Central
SBrr'an OOTOBPK.
i
98 -100
20-28 SI 26« 245*- 9«
i8«-a8« ao - 88
Tol.
Cal. ilock. Vnl.
D«lawiire lir Hudson.. 147 -153H U8K-15l« 148M-1B0« 40 -164H 1«5 -176
I43«-148«
lam-KTH
134«-138«
134H-137M
V«l. I.nck. •&: Wralrrn.
DvoTer <Sc Kio CIrnnde. 18 - 17 16«- 15H 15 - 18 145»- 18« 18 - 90M
48-61 40K-61K 45 - 47M 48X- 549i 63«-»eN
Pw>r
83 - 83M
^ef. awcnted
B«nT. lie Rio Or. Weat 19 - 19H
tnf.
n«OT. Tex. •&
ArOtTST.
16M- 17
18M- lAi 1«5<- 17H 1654- 17H 15 -18M
44«- 4654 40 - 4SM
- 61H 49 -S8M 40-48
30-88
3SM 31(4- 34M 345*- MM 8S - 36W 32-33
-05
9554- 96H 90-00
98 -lOON
92 - 93M »3M- 99
««- S« 2»<- 8
8M- 25*
2»*6H- 6H 65«- 6M 4»i- 6K
-7*
765«79
-805* 7«X- 78
60
VTH- 71« 70K-78H
18
17H! l«!<- :8H
t-IX- 49^1
Pr«l
ClacU. Wash.
JlTLT.
Low. High Low. HUlh Low. High Low.BIgh Low.Hliita LiOw.Blgb Low. Bl«b Low. BIgb I.OW. Bleb
rret
cue. tM.
MAT.
APRir..
*.16«-
»*
66-74
10
-
is
57)4-«*5*'
H
•m-
77*
80-2554
X Ix-I vtt'ard.
nririfHii
*AU
lentapaftL
THE
26
CflEONICLE.
[Vol. irr.
1S90—Continued.
MH-
23X1 «J
1«
1.«al«f »t
8»H
-
iWr
80« 1»H- 23W
14
16
-1«M
lOM- 18
-
IBX-
M -MX
48 -47M
Bigkt*
OrecoB &:Traiiaeoalla'I
««-S7M
Mii- 39
Panana
m^ 28
Fearia Deo. & EvaniT.
Paaria dc Easlrro
89 -
25«
23k
23
16-22
21Ji
13k- ISJi 12
-
18-2854
17
-a«
13
-
28k
21«
27«
20
17T6- 19
48«-62« 48
20M-2^
43M 86«-42« 40
-
46
49M
44Si-
46M
62
i6J4-
48k 41«- 48
20
15
iOH 18k- 20
20M-21X
ilii- 24
28k- 84
-
-
-
16
-
43M 41J«-48>t 43J<-47« 44k- 47k
-17
18
8
Ilk 8-11
7k- 10
89k- i3« 34k- 40J4 27J4- 36
40)i- 46
&
Frtjf. trout recelpt»
k.&AIUgb'T.ceria.
tovddc West Ft...
Prer...
MM
aea-
&
113
-mi
•M
-
-
2SM eoj<-2i« eon- 23k
76«-79M 78 - 82«
78-80
&
T.
H.
-*J^
Ark.& Texan
e
«*- 8«
Maaaeument paid....
Lob lade 8. Franciaea.
17 . 19
-
OOMi
ma-
83-85
FFef.
Pawl Mian, dc Sfan.
Beeead Are. (Uorae)
BaaikOarallaa
Paelllc
80
Co
Tezaa & Paclfle
Texaa Si Pac. l.and Tr.
Tel. A. A. & No. Mick..
Tol. &Oklo Ceatral....
Prel
86
111^-116
ll(W-113M
S8}i
-186
181
am-mt »21k- 215<
SUH-mi
21-22
14k- 1«
43 - 46k
m
i«-
-asx
87
88-00
88-96
aO}i- 33
81«-36H
83>^84M 87-02
m
92-97
U2k-114k
-113
-112Ji 110
42«-45X 46-66
76
«8M- 72
15
-
-
39k
-
82k
77-80
17
49 - 61
116 -117
13 - 13
U2
18
WkMllac dc I.. Erie ....
rw9f.
Wlacanala Central Co.
94-06
88-00
-114
109 -112
122 -122
111
42-48
lOOk-108
45 - 65
08 -10*
3«4-36k 30k- 34k 22k- 25k
116
-123
115
-115
21
110
- 61
61
81J4
66
-
-
16« 16«- lOH l«k-16« 17k- sok 19k-
80
-
78
-
245<
88
-106%
-
109k 105k-10^
162 -166
Aaierlcaa
United SiBiea
Wella, Farso&Ca
113!i-116
84-90
18t -142
MlMIHU.
OaMeronCoal
- 26)4
-no,
Sk-lOX
nn
69 19 - 28k
78 - 81
90 -100 f
4-6
42k
41
-
42
36 - 41k
36
-
18S4
38«
- 16
12k- 13k
28«-31H
IBM 15
-
27
-
30)i-33?iS
-
12)4- 13
tl2
- 335J
60 -
fl
- 16
-16
13
1254- 16)4
57-60
72-82
13
-
ISX
40 -
61k
-
Uk- 12k
26)4-
3Z%
52
-
62k
10)4-
12k
45-66
24
-
42)4- 6654
28k 17
-
26
17k- 22M
37k- 87k
0?4- 11)4
27k 23%- 2754 22%- 26k 10%30)441k 37%- 30k 3«k-385^ 34 - E
71)4- 765^ e8k78Si 75«- 785i 73J4- 77
31J4 28 - 28k 24 22k- 28J< 19 -
26?«- 295i
395<-4S« 37
77 - 70k 76
33-36
88-68
85)4- 80
94
18?^ 10k
10k
67k- 62k 64k- 62k
13
69514-
90-90
89-91
lO^t-lllk 106
17
12«- 14
12 - 13M 12
13k 12-14
26J<-27« 26 - 28k
27M- 20«
82)4- 34
32k- 36k 35 - 37k
30X- 36
em- 71% 67 - -niH 68 - 78^ 72 - -KfH
28«-33X 28«-31J4 29 - ZVii
0-1054
10 - USJ
12«
mi- mt 6«^ 86k 70 - 70
86-87 87 - 01 90-96
66
78k- 86
77k- 82
-
25?4-
2^
23)4
8k- 10k
8)4- 10
16)4- 21
15
a6H
2m- 32%
26k- 32)4
7654
83 -
2254
14)4- 22
63
16
73k
61M- 61%
-S;- KXFRBIS8.
Adaaa
-166 160 -164
116 -116X U4 -117
161
88-90
87-89
140 -144
140 -144
160
-165
160k-166
U4k-116k 115k-120
160 -163
160 -162
160
-163
116
-118k 115 -117 116 -117
liHr 73k 70 - 73k 70k- 72
142 -14^ 146 -160 143
-147k 142 -143
70-89
71
141k-146
- 78
160
110
-163
-117
65
140
- 72
-153
-116
140 -160
65-70
63-70
-144
147
114
141
-
18J4
-
68k
- 18)4
142 -148
110 -116)4
81 - 67)4
-145k 136 -143k 135 -142
-117
114
dc
Oalorade Coal dc Irea
Oel. dcHock. Cdcl....
Prel
Ceaialoek Tnaael
Oanaolldatloo Coal
BoBMatake
.llinlni....
IHlaalaCaal
A; Coke...
Lekl(kd(W.
H. Coal.,
2«- 6M
39X-60H
16
-
20
-
4H
3
18
16
14k- 16
84-86
-40X S9k-40k
40
JO
•>%
un -U9
aOO -300
6 - 6K
36k- 30k
61-68
-
14
81
9
6k-
Uk
6k
96 -108
18
70
Aaier. Cattle Traat....
.
Braaawlck Co
Backeye Pipe Llaa
Oaaion Compaay
Oklcaso CJaii Ce
(-Btt
Traat.
Cltlzrna' <;a«, Rk'lya...
32-87
81J<-
26M-82M
24
18
86
86k 87
10
-
-
87
8k-
38-39
47-56
76
l»
-
-
28k
Ilk
14
l»t
-46k
20k
44 - 46
200 -20ek
7 - Ok
11
Ilk
10
- 11
-
13)4- 13k
86k 88-88
86
10
10k 10 - 10
-
45k
-
31
27k
26-26
Ok-
10)4
«4- 10
8
46
-
46)4-
14
- 86k
- 10
8
46k
46 - 46k
200 -300
64)4- 67
-
2BH
24)4- 29
64-67
17«- 2654
5354- 66
87M 27k- 34k 28k. S2k 27k- 82k 23
84)4-86
8454- 85
-
31k
82k- 86
-
42M-4eM 48X-48k 41k- 4«i «>4- een
- 16
83)4-
10 -
83k
IQk
9-9
3W4-47
latentfl paid.
«X-66
I
»
16
-
18k
16
8)4
- 13
16)4- 16)4
82-82
9-10
9-11
40 - 41)4
18 - 23k 17 - 1854 10 - 17?4
42 - 57
38 - 42k 30k- 41k
205<-
27%
83 - 84k
08 -100
47k- 67«
63-68
61)4-
66k
88
92k 92
4054-
64k
1854- 2154
14
8154- 86
80-84
97
Under tbe
role: raab.
102
-
- 06)4
-vonn 100)4-102
06 -100
44k- 48%
96-09
44-48
-
8
-
0)4
8-13
40
-
43
18)4- 20
25)4- 27k
80
-16%
-
81
97-87
8-8
14)4-
19%
17
- 17
14
-
16 - 25)4
37-40
32 - 42)4
94
97 -100
-101
Ilk- 16k
27k- S3k
19k 18
-100
68-68
Uk
^-
6-6
12k 11)4- 14k l«4-16k 1«4- 16% 14%- 14%
27k- 30k 31 - 34
31 -,8
32«-4254 27k- 85
28-80 27k- 28k
62M-68M
27)4-
2
68 - 68
74 - 834( X8^- 86
8154- 91k
Colorado Fuel Co
80-80 82k- 82k 79 - 70
Caaaaarclal Caklc
108 -103 10«k-108
102k-103k 101)4-103 103)4-106
104)K-106k 102 -103k
Oeaaolldaied Oaa
98 -97T4 96k- 97
.96k- V)
•6J4-99J4 »8k-l07k xiaok-o3k
iaUII'cdcCat. P. Ca..
09k-101
«lk- 48X 46k- 48
46 -4654
•latUlera' dt C.F^raai mtr
3^- 40 »ek- 4^4
89 -435<[
t All
26-87)4
30 -46% 29%- 38)4
16 -2454 16 - 18
*^- 42k
66k- 70
-
-
54-
86
10k- Ilk 10
27
-86« 84k- 86k
- 11
-
- 14
22-23
27« 28
11
22)4- 26
en- 7k 75<- 9k 7k- 9
654- 7%
8 - 7k
38 - 39k 3«4-43k
41 - 43k 40 - 42
39k- 42
40 - 42k 37-41
38-40
48)4-58
<8?4- 66k 49 - 62
42 - 49
3954- WH 30k- 4454 28 - 415<
34
103 -105
09 -104
100 -106
96-96 01%- 96k 80-90 71-05 28k78-80
86M
ask 29
43k- 47
205t
15-30
83-88
-
26)4-
84
10
3-3
4%
- 16
84
-
ai?4- 285(
8k- en
4»
66k- 68
18k- yfni
29}(-
11
86
8k- 11
7k
100 -105
-im
-
4J4-
14
80
14
7X
2<»4-
33k
-wa
61),
23-26
40 - 44
300 -300
36-38
-26
Ok- 10
-83
7«-
8-8
-
-
TAKIODB.
-18H
86
^
54-
61k
31J4
80-80
24 - 84M
10 - 10
43k- 62J<
100 -110
Am«w. Baak Note Ce...
Aaer. CoitOB OH Ce...
Pref
Aa. CollOB oil Traat..
Traat cerliacatea
Alier. PIk Iron War...
Aaiei. Tel. Oi (able
Alt. Tabacco Co., pref.
3k-
SJi
-'18
64-84
8
8»-
1 -
24M- 26
6 - 8
9k
37-39
83-89
3k
9
9H- 9«
80k 30 - 31k 30»<-30k
-14M 1^-
-
2 -
24-24
24
9«10
88
4
46«- 62k 49k- 64
50«- 63k 60H- 6a),
16k- 82J* 21X- 26X 84k- 31H 30 - 38S< 31 - 33
18-19
26-26
83-91
-
61H <lk- 47
•17
DIliinpaolB Iron
NewC'entrnI Coal
M. Y. 4: Perry C. &!....
OatarloHllTer MIbIbc
FeaBaTWaalB Coal
4)aleludWeT MIdIbc
Prel
Teaaeaaee Ceal dc Irea
Pref
2
MH
22K- 23
m- 9
26«- 28K
narakall Coaaol. Coal
MarTlaad Coal
Cklcavo
48
-113
-
- 4
m- Sk
3)4- 3«
3k- 3k 3k- 8)i
-30« 22)4- 30 2254- SOU 25 - 3(SH
34k- 36J4 81k- 35k
20k-22J« im- 21k 1854-2054 17%- 20k 14«- 1054 13 - 18k 12-15
20 - 22k 18k- 20
17 - 17JJ 13 - 16% 12 - 13)4.
2X- 4
3iH- 36
Fraf.
COAL
45
-116k 110
130 '-ISO
Valon
«5«-«8?« «2«-8«< 61«-6tH 61«-66J« 645<-68k «3«- 68
mi- 66
36-37 36k- 389S 33J«- 38« 33k- 36k 30)4- 34)i
VbIob Pao. Dea. dcGalt
-230
Ualted Co.'a N. J
230 -230
- 45k;
Vlrslnln Mldlaad
41«- 46
88 -40
62-53)11 53k- 63k 63k- 63k 52 53k
Wab.Ht. lAtatadePae... 18 - 1«9<
Preferred
Ua- 33
Fret
20
13)4-1854 13%- 1854
69%- 76k 62 - 74k 60k- 69
15k- 18k 16 - 21^
- 77
- 21
43k- 61
74
22
-
36 - 37k
177 -180
172k-180
180 -180
18«-21k im-
tVHr 24k 19k- 21»
21-23
80-62
Li.
Wabaak
.S4 - 38
180 -180
63-66 65-66 55k- eok
47 - 67
96 -106k 08k-101k 70-98
71-80 81k- 81k.
36 - S8i
31-36
3^-385i 3^4- 375^1
l^i- 22
&. Kaa. City
Paclfie
-
27-27
34-38
4H
-
19X- 20K 19«-21k mi-mi
20«- 22H 20-22
18J(- 21S< 20Ji- WH
30H-3«)« 865t-37M 86«- 88)4 37k- 38k 37k- 40k 39
69-70
34
4k- 4k
12k- 14« +18 - 14Ji 13k- 13« 12
- S6k 34-36
l«<-28«
26
18M-1»<
8
-S4« 29}<-35X 33J(-87k
32}i-36J< 30
20«-2%
27-27
40k- 40k
124k-130k 126 -126
116 -119
27-27
-186
83 -86J« 80
102W-10-3M
Toledo Peoria dc Weal. 14«- 16%
Tel. Ht.
92
34M SZa- 34M
B*.
Baatkem
18 - 17
80M-39M 37M-3^
••
m, Paal AcDalatb
43 - 43^
116 -116
7H
-
tm-
28-28
88-30
40 - 41)4
49k- 61
104M-10e 106J<-112M 114 -116k 114 -11^ 113 -120
-42M
40
-116
116
Frel
latyrel
14k
148 -162
164k-18WlS 166k-166k 163k-154k 160 -153
156k-167
- 2814
186
17M-17M 16-18
«
166M-187
27
1
Offdeaab. 106 -lOSM 104 -108
dr. Island.
Prel
153i<-166)<
161X-163
26-26 sen- 20
- 41
-89Jj 87M-37T« 87 - 37)i 37
18««-184« 181 -186
17» -181 186 -186
22-22 21 - 21
Saa- 24
30
79H
&
8t. Joa.
St. Leal* Alten
8t. Lanla
ieiM-166
163 -161
JUe eraade WMtcra<
Pref
Kerne Wat.
^
-
50-66
IM -IM
36 - 38M
170 -183
&HaratOEn
11^
2ek- 32k
Pref
&
14
8 -
-
- 13
12
60
20k| 17k- 19
19
12
C. raar,
rttta. Ft. W.
We«t.. rec'ptB
rittsb.
Bt.
ESSfi- 26
23J<- S5« 24«16 - 21J« ZIH- 24
22k-
86«-39X sm-iiH
i»<-aoH 18-28
MM
MM-
Flilla.*K.Vol.Tr.c«r»,
PltU. Clon. Ch. tt 81. L
13|[i
16-20
«*«.««. L. & rtsk N» MHi-M
Do
Bbc'bbk,
August. Sept'bbr.
JULY.
Uow.Hlfb Low.Hlgb Low.BlKli Low. High Lon.HlKb Low. High Low. High Low. High Low. High Low. High Low.Ulfch Low. High
OhI* & IMlMiMl»*l
Ohio (toatkera
Oa>ka & 81.
JnNi.
APBIL.
JAJrUA'<V PtBB'XT
8TO0KB.
81
32k- 37k
100)4-103
100)4-101k 100 -103)4
07 -10154 92 -100
85 - oek
46 - 49
37 - 46k 38 - 4254
J.VNCAI.Y
THE CBRONIOLR
1891.]
3,
27
IS90—Concladed.
JAMCABT riBm'BT
8TOOKR.
Ma BOB.
MAT.
ApmiL.
Jmra.
Jolt.
ACOaRT. BiPT'saa. OOTOBIR. NOT'BIB.' DBO^BBB.
I.OW.Ul(h Low. HiRh LAW.HIch Low.HlKh lAiir.Ulgb Low.Hlcb Low.Hlfh Low. High Low.Hifb liOW.HUb Low.BUib Low.HIck
Wlaan Geit'l Kleo.
•liable Uaa 0»
MK-ia6
Co..
.
s
-
17
-
-
14
l»)i
-UH
4
IB
-
L»n.ie. N.Y.L.&I.t'orp.
Hex. Nnt. <;aniit'n Co..
Nat. I.lDneod Oil Co. ..
alio
-1^ lOtft-M
loiW-u>7M zS8 -106
S8W-07M
iUH-iaa
«M n -MM n
10
67
-I
21
-«4
-tan
18 - 21
5SK- 66
17
-
22M- 26
66
117
Oregon ImproTem't Co
Prcf
Oreson WrSi NaT. Co.
PaclBc Mall 8. 8
«3M- «8
48 - i8
l«
fiSM-lOl
1»M 17
lo^
-
107M-107H
»S
-103
102
eoH-siK 10^-22
10«-
M
66
-
180
-103
-
-
«M
IB
47H
31>«-
-
36-4^ U
tm
-»
187
-190K
66M
mi-mi
86
eo»<-7oj<
mt-na
745*.
«
87
-86H 71H-78H
76
-84« 71H-82« 61K-8PK
70H-70X
Daion Traat Co
49 48 -
Dnioa
U
-17«
76
-8e«
eTN-MM
80}*-
Ts"
8» -83
160 -185
lOlW-UO V
67X 60X- eO
67M 60 - 60M
860 -850
trailed Stalea Tr. Co..
Weatem
•
-«Q
38M-40K
mi
64
•TTi-lOe
-IVH
81M Ufi- IDH 14H-18
38M 7 -MM
00-93
36H- «IH sen- 41
60
Pipe Lino Certlflcatea. t02W-108M
M
60
-102
45 40H-M 48 -60M 46-40 44K-47 42 -48«
-84H
06 -100
108 -108
04-04
B6 - 06
e7>frl08K 106)^107 103 -105M 102!<-I04« Bfl«-lOlW 05K-100K 02-06
07M-100
74M- 80
4.1
tan 40 -48« S7K-42M 28«-4«H
-4eM 4»<- 46)4 4.'J«- 11%
37K- 44
36M- 30
60-60 e6X- 66«
«S ~ SS
81K- eiH <mt-<»
mi- 62
83%- oeit 70M-85M 84W-0«< 86«-0H< 86K-00« 82W-83X 77 - 84M 76-8
86«- 80
33-34
28 - 28
88 -38H
30
180X-193 101 -«0 187 -31»K 214N-228 210 -B17 210 222 204 -221 168 -206
lOOSi-lOr
lOlK-108 101)i-106M 104 -113K111M-U1 10»K-11^ 106 -114M 06M-10e
43«- 47
-101
100
-U7
«a - 23
4«J*-4«H 38
-
-06M <«M-»T
14H-18K lOH-ie
19ii
47M- 60
l««-«8« 16«-«1«
Poalal Tel. <& Cable....
Pallaian Palace Car...
Stiver BnlllonCerta...
Soalhern Cotton Oil Co.
Sasar ReflnerlOH Co..
Trntt Co. reccipta...
-UO
103
National Lead Traat..
North American Oo_...
NorthwcRt Equip. Co..
Phlla. Co., Nat. naa...
101
121W-lSt>t
KeeleT Motor
liaclede Qaoi St. Laala.
Pref.
<WM-108M
108M-106
U»M-UBM
Tel....
...800 -800
83
-8SH 88K-8»ic81M-8SW SIM-
86
84M-88W xBM-sa
83W-84W esm-UH
-84M nu-9tn
82
7*
-eiK 7UC-7«,
-'
)
QUOTATIONS OP STERLING EXCHANGE FOR EVERY DAY IN THE YEAR
1890.
[Compiled from the quototiong of leading bankora.]
Dl7
Of
Mar.
April.
June.
M:iroh.
d. Sight. 60 d. SIcht. 80 d. gl((ht. 80 d. 8iKht.
8.
81)4-2 83)4-6 4 85 87)4-8 86-6 >4 S7-7)4
4
85-5
V4
4
85
87
4
85
4 87
4 83
8.
4 87
Kt!4-5 86)4-7
4 85
81-!)4 85-5)<j
Januarr.
Mon. 60
60
d. SiRht.
Holiday.
1....
8.... 4 80^844-6
4.... 4 30M 84M-B
8.
5....
6.... Wii-lBiH-S
7
8)-3)4 8(lS4-7
83-3)4 89)4-7
8....
O.... 89-2>4 4 8<»K
4 87
10.... 4 S3
11.. .4 83
4 87
la ...
8.
487
18.... 483
14.... ma-H 8^14-7
IB.... 82*4.3 88H-7
16 ... 82(4-3 »»i4-7
17..
83H-3 4 87
18..
82M-3 4 87
19 .
S.
20.
82J4 3 4 87
83-3)4
8i)4-3
83(4-3
4 8^)4
4 alii
4
82»4-8 4 87
.
,
82U-3 4 87
S3 . 4 83 4 87
94.... 8S^t« 87-7)4
26 ... 83-3)4 87-7)4
26....
8.
488
27.... 4S4
...
484
29....
484
877i
87-71
(<5-5)J 37-7)
8.
85-5)4
4 83
8(1-814
8'?-«)4
fe8-6;4
a.
4 83)4 4 88)4
83)4-4 88)4-7
4 84i<; 1 87)4
81)4-5 87)4-8
4 85
87)4-8
4 85
87)4-8
.
28
K-,-.?U <17-71i!
am8.
82-3*4
4 83
83-3)4
as-3)4
8J-8)4
,
£3..
* 83)4
8B-«)4
88-6)4
4 85)4
4 S3)4
4 85V4
87-9)4
8:-7!4
3J-7J4
4 83)4 4 83)4
,
21
81)4-5 86S4-7
8.
86-5 "4
86-5S4
85-5)4
a5-5!4
85-5)4
4 Si
88)4-7
4 85^4 37-7)4
81-1W88-6K
82-2H4 88H
...
85)48
81)4-2
483
488
30.-... 81-4)4 ag-«}4
31.... 84-4)4 88.8)4
4 85
87)4-8
Banire—
High
I^W.
4 84)4 4-88>4
4 84'
4 8'*
4 R6)4 4 88
4 35)4 4 87)4 4 SS
4 8<<)4 4 8S)4 4 8»)4 4 83)4 4 00
84)4 -> ^V4 4 85
4 80)4 4 84)4 4 81)4 4 S&)i 4 81)4 4 83)4 4 85 4 87)4 4 31 4 8:i
4 81)4 4 86)4 4 ai)4 4 83
4 83)4 4 86
4 83)4 4 88)4 4 82)4 4 <
"4 85)4 4 79)4 4 34
COURSE OP PRICES OP GOVERNMENT SECURITIES FOR THE YEAR
(Complied from Sales
Coupon Bonds.
made
at the Neir
I
Registered Bond*.
4)4b,18B1. 4s, 1907.
fts,
1890.
York Stock Exchange.)
cur'cy 6s. cur'or
Coupon Bonds.
4)4s,1891.
1898.
4s, 1907.
Registered Bonda.
es, cur'cy 6s, cnr*oy
1898.
1890.
Jaaaary.
106
106
126)4
104«
104H
126
126
OpenlnK
104)4
aistaest
104«
Opening
Highest
Lowest
Openlni
HiKbeat
Lowest
.
Clotlng
Closing
Febraarr
Lowest
104)4
123J4
123J4
123)4
Cloalng
104«
123)4
Closing
Opentnit
103)4
123
Highest
Lowest.
108«
lOSW
I08X
12^
122
Opening
Highest
Lowest
122)4
Closing
108J4
10^
122M
124M
103H
lOSK
122
12i
Opening
Highest
Lowest
nosing
March.
Cloalna
Highest
Lowest
Closing
,
Mar.
Opening
1?4J(
122M
1M«
Highest
122
Closing
122
124H
124M
Cloalng
Closing
'.
12SW
123J4
183J4
lOSK
103K
103«
108«
Octaber.
126)4
126)4
124
184
122«
124M
122M
124
129
104
104
104
104
Lowest
Jane.
•
121)4
124
12314
Opening
Highest
A,
121
124
Noreasber.
122
Lowest
Opening
Highest
Lowest
Aasaau
September,
A»rll.
Opening
103
103
103
103
Opening
Highest
Lowest
1»«M
124
124
123
123
December.
10M(
108M
10W(
122K
122
Opening
Hlshaat
Lowest
103)4
ISKH
Closlns
122«(
..:....!
12SW
122
123)4
lis
115
US
IM
THE CHRONICLE.
^
piouctiivvjsC^ommcvcial lutjUsli ^exos
[From our
It is potsible, too, that there
British railway stocks, too, have been dull all the week^
to be that they will gradually
decline in price next year. It seems not unlikely that there
and the opinion appears
respondent.]
will be
LONDON, Saturday. December 20, 1890.
has been again large this week. Last
gold
of
The drain
from the Bank
week nearly a million sterling was withdrawn
this week nearly
and
York,
New
to
shipment
for
England
of
sent to Berlin. In
£1,200,000 have also been withdrawn and
South America
the fortnight, with a few smaU shipments to
over
with
parted
2H mUIions
has
Bank
and elsewhwe, the
millions sterling,
rterUng. But the receipts have exceeded \}i
tUree-quarters
and consequently the net loss has been under
coming back
ef a million sterling. Coin and notes, too, are
two
fcom the circulation, and will continue to flow back for
is still
gold
in
sterling
milUon
one
or three months, and about
on the way, chiefly from Australia and South America.
On the other hand, there may at any moment be fresh shipmente to America, and it seems probable that a considerable
amount more will go to Berlin. The Berlin market is strin.
lock-up, and
cent. There is a large speculation, a very large
a good deal of discredit. There is a strong demand, therefore,
for aoaommodalion at the Imperial Bank, and as the year
drains to a close the demand is increasing. Further, though
One rate of discount has been 5>4 per cent for over two
jnonths, and the rate of interest charged by the Imperial
Bank 8H per wnt. not much gold has as yet been attracted8ince the middle of June the Imperial Bank in fact has lost
early six millions sterling of the metal, and it is likely now
to avail itself of the opportunity offered to replace some of
this gold by withdrawals from London.
may
ing of the year; also to preparations for the coming funding
and to some imall extent because German capitalists delivered Italian rentes of the value of about two millions sterV
ing quite unexpectedly this week. They had sold the rentes
some months ago, but had since carried it over in Paris, and
were expected to go on doing so. It seems likely, therefore,
that at the Uquidation which will begin on New Year's day
money will be scarce and dear, and therefore it may be that
gold will be taken from London, especially as it will be
wanted when the new funding loan comes out. Moreover
the Bank of England owes to the Bank of France three millions sterling. Yet the supply of loanable capital in the out.
Bide market is so large that it is found impossible to keep up
rates.
On Thursday morning, indeed, an attempt was made
to raise the discount rate to 4}4 per cent for the purpose of
stopping the Oerman demand, but it fell back to i% per cent
and has since fallen to 4 per cent.
The price of silver rose to 49^ J, at the beginning of the
week and remained steady at that quotation until yesterday
afternoon, when it declined to 49i4d. per ounce and fuither
to-day to 46J^d. Thtre is not much doing here, the market
being led entirely by American quotations; but it is eaid tha
whenever the price gives way American speculators buy*
and that thus the price is kept steady. There has been an ad!
wance also in silver securities, but the speculation in them is
very much smaller than it was recently.
The stock markets have been utterly lifeless this week
The public is doing nothing, and even professional speculators
and room traders do not care to increase their commitments,
and are rather anxiotu to restrict their risks. The account
and the opinion
of
is that after the heavy fall that has been al.
most continuous since May an eaily recovery is to be looked
for.
More cautious observers, however, take a different
Tiew. They argue that even if the Western railroad companies
iV>eculator« here
speculation. The leading opera.
but they are followed by a crowd of
weak people who would be thrown into a scare if an untoward accident happened. In Berlin the liquidation that hae
been going on all through the year is continued, money, a»
already said, is scarce and dear, and there is much discredit
Lastly, there
Englsnd,
,
in
Ths fact that the other deposits at the Bank of
which are included the unemployed bankers'
fealaacei, very
nearly approach 83)^ miUions steiling
qnent proof of
that.
is elo-
much weak
is
tors are very strong,
and not a little apprehension'.
It is announced that a syndicate of French bankers havaagreed to lend three million sterling to the Portuguese Government to repay Messrs. Baring Brothers £600,000 due to.
them, and to pay the January interest on the debt. The
Government utterly failed to get accommodation in London,
and its difficulties are eo very great that it was for a whiledoubtful whether Paris bankers would come to its help; but
they are so deeply committed that they cannot/ allow Portu-gal to default. In the long run, however, it is to be feanedthat it must default. It has not paid the interest on its debt
out of its revenue for many years past, and at present tbe
annual charge for the debt is equal to half the total revenueNothing is yet krown of the decision of the Argeatine Government on the proposals of the English coioThese proposals are condemned here by indemittee.
pendent opinion, firstly, because they ask that the Waterworks Company should be treated by the Government on thesame footing as the public loans, secondly, because the bond
holders are given no preference over any other classes of
creditors, and, thir JJy, because the 1886 loan, which was secured upon the customs, is to have the coupon paid in cash y.
although the 1834 loan which preceded it, and wh'ich had a.general lien on all the revenues, is to get only paper for three
But how the proposals may be regarded in theyears.
Argentine Republic is not known.
The wheat market continues quiet.
The rates for money have been as follows:
InttTeU allovmt
Open Harket Rates,
itanli
for deposits iiy
BUU.
Joint
Four
Three
Months Month* Monfis Mont h8
Not.
U
"
21
••
88
Dec. 5
"
12
••
19
H'm
Disc't
London
«
®
® —e ® — 6
8
At 7 tola:
Four
Six
Stock
Months Months Banks.' Catl. Dayt.
®6>4 6
@6K 6
Hi
®eii
««®7
»H® - 6!i® -|6X®7
*H® - 4«@ -\m& - 6X®6)i eM®5^ 6}4®5«
SH® Si^ -k ® - 4!i®6 iH®6 4i<®6
<i<@ -\tU» - 4«®6 *«®8 |4«®6
t>i® - *H® -'«14®6 t!i®6 *«®5
4He
The Bank rate
of discount
chief Continental cities
have been as follows:
December
and open market
now and
19.
I
Duember
12.
December 6.
tbe
weeks-
rates at
for the previous three
Novemtt
BatSM of
InUfWtat
airange their differences, the commercial outlook is too unPartB
certain and the discredit too general to permit of a sustained Berlin
rise.
They predict, theiefoie, that even it a speculation is Hambunc
started it cannot long be maintained. It is very doubtful in- Frankfort
Amiterdam ...
deed m hether a large Sfeculation could be carried on here for BrufiBele
any length of time, for though no large failures are expected Madrid
there is yet much discredit, and below the surface not a little Vienna
nnessincBs,
tha
credit,
South Africa, and the labor troubles. And with &
trade there must of course be a decline in rail"
way prices. But British railway stocks are so very largely beld
now by investors that a sharp break is not to be apprehendedInternational securities, with the exception of South Ameri-can, have been wonderfully supported by the Paris Bourse, but
there are signs that Paris has nearly reached the end of ita
buying power. As already said, the carrying-over rates attbe
mid-monthly liquidation this week were unexpectedly higb»
and they are likely to be still higher at .the monthly liquidation cow coming on." Paris moreover is not now supported
by any other great market, and any difficulty, therefore, wiB
be more serious than if it had occurred a year or two ago.
be shipments to Paris
securities is very small,
from the stock to
crisis in
loan,
American
falling-off in trade
falling-ofli in
the mid-monthly liquidation this week rates were ver>
atiff, and bankers called in loans. Partly this is due to preparations for the payment of inteiest and dividends at the begin-
in
some
continued dearness of money, the disturbance of busineas
with North and South America, the McKinley Tariff Act, tlte
At
open
LH.
[Vol.
Bank
BaU.
Open
Bank
Open
Jfarlte)
Bate.
lfark<t
3
S
8
B«
6«
SH
S
6H
B«
BM
iH
2H
4
4 nom.
m
*«
SM
SM
t>%
iH
6K
6^
&H
4X
m
BH
*«
8
4
»i
6W
4k
4
m
nom.
B«
tH
Bank
Open
Sate. Market
S
6^
6«
B«
4K
3
4
6«
6M
4«
Bate.
SH
3
4-Mi
B«
4«
B)»
6
B«
4^
SM
i%
4 nom.
6«
Optm
Bank
1
Sit.
«
•A
4
SW
a
B
5«
tH
*'4
44*
Copenhagen...
iM
4«
*H
Hi
The following return shows the position of tbe Bank of
England, the Bank rate of discount, the price of consols,
^
compared with the last three years :
St.
PeUretmrg
Ac
January
8,
THE CHROMOLE.
JSVi.J
4,491-Tbe
IHPO.
lem.
1886.
IMC. 17.
Dec. 18.
Dtc. 19.
£
c
C
MMl.VIO
«3,BM,»M
S3.«MfiM
«.36S.70fl
B.87a,70O
».eo».i3»
tMi.ma
83,We,(H8
M.ogo,8ii
M.8SH,«77
e2.689.&aa
OoTi>rnraent securitiM
10.141,433
18.860.l«8
14.010.tW
Other KCcurltlM
R«a«rTe
88.IH»,77»
16,80r.82«
«>,li0».3M
19.265.087
ie,7()3.070
U.««7,«8d
S0,7t8,nid
ll,820.a<W
«.375,0»0
18.978,811
18,a3«,82«
S0,4(*).lj0
Circulation
Public deposlU
Other
<lep.»ll«
'.
Cotaaiiil bullion
Prop. nH»el» u> llabUltlea.par ct.
per
BaqIc ratv
M 7.ia
ct.
Clearliiii-Uuuae re'.ama
6-liJ
ft
ft
»7ft-16
am
8*,78e,000
16(1,870,000
W.981.I0O
**H
4
iso.ooe.MO
&
Al)ell write as follows:
Messrs. Pixley
Cloia-Golil lain Kooddomiiiid and dear rates have been paid to Be.
cure imrw'ls offerliiit. Moat of lUo inquiry la for Berlin, there haviuir
been no Hhitimcuta the lost few days to New York. During the wcclc
*5i>4,000 haa been aent Into the Bnnk of Enprland, and «l,305,0O0 hsia
been withdrawn, of whlib £tiO,000 haa gone to New York aiid£I,176,01)0 to Berlin. Arrlval-i, From Bnenoa Ayres, £136,000 Bombay,
£40.000; Natal, «'28,00O; New York, £.'),000; New Zealand, *468,;
fMr
of Tliundcroga, N. Y. Capita).
Met win K. Back,
frealdent;
Bank
Btub,
Caatater.
Tbe
4,492
CltlzoDH*
Bnnk
Nattonal
James
900.000.
Cashier.
nf
Maples,
C.
Kaufman. Tnxaa.
Capital.
U
Albert
i'renldcnt;
8«U,
Expired a*
1,772— The (iernian NntlonnI Bank of Bvanavtllw, Ind.
ft
corporation at cluac of liuainesa December 24, 1><00.
li.T.'>H,058
l<0,3i8,000
First National
Charles K.
000.
<
89M
S7I<
ft
«
CodkO)
1887.
inc. SI.
2JJ
Imports and Exports for the Wbrk.— The imports of last
week, compared with those of the preceding week, show
an iucrense in dry goods and a decrease in general merchandise.
The total import* were $8,201,242, against 10,521,003
the preceding week and $10,476,177 two weeks previous. The
exports for the week ended Dec. SO amounted to $6,013,946,
week and $7, 129,550 two w«eks previous.
The following are the imports at New York for the week
ending (for dry goods) Dec. 25 and for the week ending (for
i^neral merchandise) Dec. 26; also totals since the beginning
against $7,249,162 last
of the first
week
in January.
roKEioH mroBTS at hew tore.
000; West Indies, £45,000; total, £722,000. Shipments To ludU.
Dec. 12th, £87,500 and Dec. 18th, £61,500.
1890.
1889.
For WceK:
1888.
1887. ,
Silver- The market for silver haa advanced, on the news published
$2,082,343
$3,098,231
$2,475,337
$2,404,869
from New York, and Indian buyers have also secured some parcels, Dry Goods
4,118,8»»
5,236,101,
7,054,617
6,370,353
although the bulk of the Indian demand la rather for delivery than for 9en'\ mer'dise.
cash. The quotation to-duy remains unaltered at iShd. Arrivals
$6,201,242
$8,334,332
Total
$9,529,954
$8,775,222
Sinee .Jan. 1.
From New York. £15,000; West Indies, £10,000; New Zealand,'
$121,743,145'$1 25,876.999 $1 34,486,223 $1 46,850,747
£3,000 total, £2S,000. Shipments: To Bombay, Deo. 12, £11.5,700, Dry Goods
aen'l mer'dise. 343,614;95«1 335;025,537l 363,567,815: 391,049,218
»nd Dec. 18th, £10,600.
Mexican Dollars— These coin have been dealt in at melting parity, Total 52 weeks. $465,358i40i;$460,902,536i$4d8,0.54,038|$5:}7,89»,945
and rather higher rates have been paid in some instances for delivery.
In our report of the dry goods trade will be found the
Arrivals: From New York £ 19,000, and West Indies £29,000. Shipment« To China and the Straits, £53,415.
imports of dry goods for one week later.
The quotations for bullion are reported as follows:
The following is a statement of the exports (exclusive Of
jpecie) from the port of New York to foreign ports for the
OOLI>.
SILVER.
:
!
:
:
London Slandard.
li
I.
Bar
Bar
gold, fine
Dec. 11.
Dec. 18.
oz.
77 10
Bar
Bar
77 11
gold, oout&ln'e
80 <Jwt«. silver. .oi.
Span. doublcH>n8.os.
77 11
Ixnidon standard.
Dec. 18
Det. 11.
d.
(J.
d.
».
ot.'mt
silver
48
silver, contalu-|
48«
51«
te^
ing 5 »rs. gold.. 01. tttH
78
S.Am.doQbloonr.oi
CakeBilver
oi.
Mexican dols
oj'
The following shows the imports
bUH
ISX
of cereal produce into the
United Kingdom during the first fifteen weeks of the season
compared with previous seasons
:
IMPORTS.
1889.
1888.
17,697.136 20,498.479
6,T04,174
Barley
6,67»<,716
Oats
4,439.743
5,277,280
Peas
475,610
419.640
622,542
Beans
768,663
1,157,540
892,191
Indian com
8.972.625
8.304,494
6,844,597
Flour
4,226,211
4,951,933
4,963,678
Supplies available for consumption (exclusive of
1890.
ewt. 19,514,103
8.367,644
3,917,684
Wheat
September
Total
36,288,8.50
1890.
1889.
For the week..
Prev. reported
This week.
qrs.l,864,<'00
Flour, equal to qrs.
Maiie
qrs.
332,000
576.000
1887.
14.909.OJO
5,687,720
5,050.080
The following table shows the exports and imports of specie
the port of N.Y. for the week ending Dec. 27 and since Jan.
1890, and for the corresponding periods in 18S9 and
1,
1888:
EXPORTS
stocks on
13,304,4:S5
38,973,722
1889.
36,340.567
1888.
South America
All ether countries.
33,656,864
1887.
isss
2,354 500
154 000
224 !o<>0
227,500
392,000
rf
ifon.
ri(c».
47'3
473e
951 :t„
957g
47i«
95^6
95'8
95-17>3
I
U.
4i2S0f 1891
HOSia
4Rof 1907
'123^
Canadian Pacific
74%
Chlo. MU. Jt St. Paul.... 50>8
8.
L'. 8.
I
niiniiis Central
9912
Lake Shore
Illlis
IxxilsvilleA Nashville.. 74
Mexican Central 46
73%
K. Y. Central* Diidaon. IOII3
». Y. Lake Erie &We«t'n IS"*
I
1
do
2d cons
Korfolkdc Western, pref.
Korthem
Pacific, pref...
Peunsylvania
PbiliMlclpliia& Reading.
Onion Pacific
Wabash. pref
I
9495
106
124 >4
75 >4
75ifl
51%
75%
53
100 »a
113
5178
100
100
113
75 >«
74
76%
102%
104>ii
I9I4
74
103 14
19»B
9913
19%
99%
55»s
6314
55 13
65
51%
51%
16%
44%
99 »3
63 ij
55%
sm
1638
43^8
17
741a
161s
451s
17%
76%
I7I8
'
West Indies
Total 1890.
Total 1889.
Total 1888.
8,783
7,618!
$445,284
232,337
2,324,625
1,675
5,490
10,776
\Sinee Jan. 1
.*2.92I,167
2,759,048
3,222,594
3,591,099
62,448
221,351
863,572
$26,401 $19,398,987 $3,020,18 $13,641,279
64,349 48,683,1931
122,350
6.452,791
59,349| 32,303,8271
118,355
6,060,150
Exports.
Imports.
Silver.
Week.
Great Britain
France
Since Jon.
1.
Week.
$136,400 $15,851,742
295,975
115,256
5,023
$1,685,882
1,351
1,362,526
826,355
660,111
458,<H4
1,573,946
$156,400 $16,865,230
70«',619 21,21«.600
632,000 13,880,6041
$18,411
48.108
47,017
$6,568,185
1,594,133
2,111.575
Germany
West Indies
Mexico
South America
All
other countries..
Total 1890.
Total 1889.
Total 1888.
Sinee Jan.l,
48,625
22,612
$13,388
.531,020
I2414
coin.
75%
52 13
ea
100%
113%
75%
72 14
104 14
19%
99%
55%
66
51%
16%
44%
17%
:
J.
$10,000
2,772,835
2,931,900
12,220
1,680,292
171,509
Week.
95 05
106
National Basks.—The foUowing national banks have
recently be«D orKamzed
000.
YORK.
Of the above imports for the week in 1890 SI ,257,050 were
American gold coin and $5,075 American silver coin. Of the
exports during the same time, $17,917 were American gold
48%
Comm ercial and mtsccIUneotts %zvas
4,4»0-The«i St
710,6.32
I
.Mexico
Fri.
95H>„
9505
106
124>4
99
17
48
106
1121s
Thurs.
95i3,g
957,
124>4
5414
6319
51
15»g
42%
Wed.
$11,119,599
Oreat Britain
France
4,951,923
16,324,363
18S9.
1,632,500
NEW
ImporU.
SinfcJan.l.
Week.
Germany
Lattweek.
2,037,W>0
343.000
470.000
IMPORTS OF SPECIE AT
Gold.
6,8l8.4.)o
1887.
14,909,027
5,443,402
17,6!l7,436
AJID
E-rporls.
1888.
20,49« 47!)
4,963,678
10,878 410
Sal.
Consols. new, 2.\ j'cr eta. 9511, e
do for account
gS'g
Fr-ih rents (in Paris) fr. 94-77>ii
1890.
$6,013,948
346,486,286
5,443,100
The daily closing quotations for securities, &c., at London
are reported by cab)e as follows for the week ending Jan. 2: '
Silver, per oz
1889.
$5,579,552
337,951.012
1,0,56,08
688, (i8o
Ensllsh Financial .llarketa— Per Cable.
London.
1888.
$4,785,559
295,083,130
Total 52 weeks. $311,000,165 $299,868,689 $343,.530,564 $352,500,232
English wheat, per qr.—
Average price, week
328. 21.
SOs. 2d.
309.103
31s. 2d.
Average price, season.. 328. Id.
298. lid.
328. lid.
29a. lOd.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
heat
1887.
$6,025,868
304,974,297
it
1):
1890.
Importsof wheat.cwt.l0.514.l03
InuK>rts of flour
4,226,211
Sales of home-grown 12,o48,5;)6
week ending Dec. 30 and from January 1 to date
EXPORTS FROM NEW YORK FOE THE WEEK.
National Bank of Eagle Paaa. Texas. Capital, $50.
A. lionnct. President; K. V. Blesae, CashieF.
—The Provident Life & Trust Company, of Phil adelpfcia
has issued its exhibit of the condition of the company and the
The new insurance
results of its business for the past year.
Total income 53.93«,93».
written in 1890 was $12,624,316.
total of the company's assets amounts to $25,387,881.
Their surpltis bevond capital, and beyond the amount reserved
to meet the liability to the insured, is $3,184,807.
The total
amoimt paid for death claims by the company since ita
organization is $5,629,253. In the year 1890 4.039 new policies
were issued, insuring $12,624,316; and the total number of
ix)licies outstanding on December 31, 1890, was 25,627, insuring
The
«79,274,945.
— Messrs. Coffin & Stanton, bankers. New York and L-:>ndoa,
in our banking and financial columns to day a selected
hst of investments, which they recommend for savings baaks
ofifer
and
trustees.
'ffiE
30
CHRONICLE.
that they will pay
-MesBrs. Morton, Blisa & Co. give notice
Mirmeapolis Saijlt hte
the
from
coupons
2
Jan.
after
on and
Pax^ific hr8t« and MimieStarie& Atlantic firsts, MinneapoUs
which
Paul& Sault Ste Marie firsts consolidated,
S^Sl piwanteed by the Canadian Pacific RaUroad Company.
[Vol. LII,
United States Sub-Treasnry.— The following table show s
the receipts and payments at the Sub-Treasury in this city, a^
well as the balances iu the same, for each day of the week.
iSst.
Balances.
Date.
Payments.
Receipts.
Coin
Coin.
Treasurer.
—Mefflrs.
&
John H. Davis
gtreet railway investments in
Co. are offering $500,000 of
our columns to-day.
Ourreney.
<7er('».
the May-Ma-
-Attention is called to the advertisement of
shares in tolenna silver and the Bates Hunter gold mimng
and pay^ayVCHRONICLE. These mines are now productive
addressing the
ing dividends, and shares may be had by
GilhUan,
Colorado Mining & Investment Company, James
I
Deo. 27
" 29
" 30
" 31
Jan.
1
•'
2
2,033.764 148,293,592
2,924,380 148,462,13!)
2,464,000:i48,308,227
2,169,9371148.349,628
Holiday.
2,332.245 148,490,163
2,860,191
3,238,169
2,762,219
2,471,755
2,357,266
Total
16,775,718
17,023,245
17,460,602
17,698,590
4,081,678
3,984,392
3.999,166
4,023,597
17,535.199;
3,962,474
11,974,3261.
13,689,600
Auction Sales.— The following were recently sold at auction
by Messrs. Adrian H. MuUer & Sou
:
Called Bonds.—The following bonds have been called for
payment
City of Boston.—Sterling 6 per cent loan of 1870.
Bonds of this issue to the amount of £20,600 have been drawn
by lot and were parable on January 1, 1891. These bonds being
held prii.cipally abroad and the numbers advertised there, it
necessary to repeat the numbers in the
is not deemed
Shares.
Bonds.
I
OOTitleGuar &Tr.Co.ofN.Y.160
42 Prentiss Cal. & Time Co. 50
|
|
10E.E.Ex.&Auo'uR'm,Ld..l21Hl
$5 000
Dist. of Col. 3-658.... 123
Jl.OOO Alb.
78,
& Chea. Canal
1st
104
1909
Cheoniclk.
INVESTMENTS.
Bonds Held by National Banks.—The following interesting statement, furnished by the Comptroller of the Currency, Returns, Uberal. ,
hows the amount of each class of bonds held against national
Security Absolute.
bank circulation and to secure public moneys in national bank
"We gave the statement for
WE OFFER THE FOLLOWING BONDS
Municipalties of the State of New York.
6, page 776, and by $434,000 of various
Legal investments for Trust Funds, Insurance Companies
that the changes made during the month can be
and Savings Banks of the State of Now York.
on January
depositaries
December
1.
in CHHONlca:.E of
1
referring to
December
seen.
XT.
JHtriplion of Bond*.
B.
Bond* Held Jan.
1,
1891,
Bank
to
Secure
Pubiie Deporitti
in Banks.
Circulation.
*2,070,000
3,700,000
22.188,500
*6,760.000
27,258,930
106,416,700
$',830,000
30,958,950
128,005,200
$27,958,500
$140,435,650
$168,334,150
Oaitvatsf 6e..
i>tp«r cents.
tptf 0«llt«....
TotnT.....
Total Held.
Government Purchases of Silver.—The Government purchases of silver the past week are shown in the following
statement, there having been no purchases until Friday:
Ounees
Ounces
purchased.
offered.
PncepaM.
Prevlonslr reported.
December 29
,
31
January
2
932,000
807,000
$l-04ii® $1-0514
932,000
807,000
$l;04Vafl-05i4
'Local purchases
Total
in montli to date..
purchases of each week are not reported
tbe following week.
..*
"?".*.
^'""'-
till
Monday
'
Samtof
Oomjiany.
Per
When
Cent.
Payable.
Books Closed,
lDay»
inclusive.)
Railroads.
Centxal Ohio, rouimon and pref
Detroit Hillsdale 61. Southwest'n
Imhk
Island (qiiar.)
Mahoninfi; Coal
..
3
Jan.
2
1
July
2l9i
Do
do extra..
Pal«r8on &. Hudson..
Paterson & Knmapo..
I
Petersburif, prcf
I'll
Do
Fort
RomeWa
Butland,
^
do
ertowu
Chic, (quar.)
siiecial (quar.)
& GtrdeDSburK.
pref
Banks,
Chase National
Fifth National
«r8t National
Murray Hill (quar.)
West Side
„ 'frost Companies.
„
United States
3
Nis^ara
ifllscrllaneoos.
,
T.
S
Iron pref
and Brooklyn
i
2>3j Jan.
extra
ft
3
6
10
''re Insnranee.
„
New York Bowery
Clinch Valley Coal
4
4
11 to Feb.
Doc.
-
Feb.
Dec.
Dec.
—
—
—
——
—
3 to Feb. 15
to
31 to Jan.
.
1
—
to
30 to Jan.
—
10
(Missouri Pacific.)
to
to
29 to Deo. 31
to
Jan.
Jan.
Jan.
2
& Bay City ER. First Mortgage 8 per cent,
Guaranteed Principal and Interest by Michigan Central
ER. due May 1
1902
5,000 St. Paul, Minneapolis & Manitoba EE. First Mortgage 6
per cent Bonds, due
1910
(Dakota extension.)
15,000 Memphis & Charleston Eallroad Consolidated Sold 7
per cent, due
1915
15,000 Booneville, St. Louis & Southern First Mortgage 6 per
cent, due
1911
17,000 Detroit
to
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
6
;;.;;;
do
1
SS
National Rank of the Repubiio!!
St. Nicholas
Sixth National
Do
1%
l\
3
S
8
,
Jan.
Feb.
Jan.
Jan.
Jan,
Jan.
Jan.
Feb.
Dec.
4
Wayne &
31 Jan. 15 to Jan. 81
5
to
Feb.
100,000 City of Detroit, Michigan, 3^2PBroentIraprov6ment,du6 1916
1899
103,000 City of Indianapolis, Indiana, 4 per cent School, due
30,000 City of Hamilton, Ohio, 5 par cent Gas, due in Instal
ment»
1908-1916.
Legal Investment Vermont Savings Bank.
20,000 City of Jersey City, New Jersey, 5 and 7 per cent, Aiisess1900-1911
ments, due in instalments
1905
50,000 City of Columbus, Ohio, 4 per cent Bridge, due
50,000 City of Santa Cruz, California, 5 per cent Water, due in
1891-1909
instalments
17,000 City of Omaha, Nebraska, 5 per cent Paving, duo
1605
1909
73,000 Otoe County, Nebraska, 5 per cent Eetunding, due
City
of
86,000
McKee3i)ort, Pennsylvania, 4 per cent Eefunding School, due
1910
Tax exempt in Pennsylvania.
11,000 Reynoldton. Pennsylvania, i^j per cent Water, due
1910
Tax exempt in Pennsylvania.
126,000 Yankton County, South Dakota, 4 and i^ per cent Refunding, due
1893-1913
38,000 Barre, Vermont, 4 per cent Sewer, duo
1909
136,000 New Eugland Terminal RR. First Mortgage 5 per cent
Guaranteed Principal and Interest by the New York
& New England and Housatonio Railroads. Tax exempt
in Connecticut.
of
DIVIDENDS.
Pltt«.
to
to
to
6
150,000
New Haven & Derby
Railroad Consolidated 5 per cent.
Principal and interest guaranteed by Housatonic Eallroad. Tax exempt in Connecticut. Duo January
1918
59,000 Chicago & Northwestern Railroad. (Winona & St. Peter
and Northwestern Union Division,) 7 per cent First
Mortgage, duo in instalments
1907-1917
47,000 Topeka Water Co. Topeka, Kan. 6 p. c. Water, due
1030
52,000 Fort Madison Water Company, Fort Madison, Iowa, 6 per
cent Water, due
1905
45,000 Crawfordaville Water & Light Company, Crawfordsville, tni.,
6 per cent Water and Light, due
1919
,
,
Special circulars, with full details in relation to each Uaue, will be
furnished upon application.
Bonds will be delivered to purchaser.
to
to
to-
COFFIN A STANTON,
la'Jan.
9n Secnrltteg-Brokers' Quotations.
72 Broadway,
47 Old Broad Street
London.
New York.
eA8 COMPAMIKa
fcooklyu Dus-Mcht
ClUitina'
au- Light ....
BooiIr in
lU
100
118
99
108
81
Hi
lis
130
loa
OmsoUdsted aas.....'.
90
* Hobokea. 176
*S;*rS>}/
XetroDollUn— Bond*
no
MatnicN.
_Baad«,6s
. .
y.)
Rmssu (Brooklya)
Scrip
Income, Sare.
:..;._
100
180
100
lua
^^SIZ'^^'
Bonds, 68...
.
isaiiin'oWr'"
Pulton If
8ft
138
108
lOi
unlolpsjT
Bonils, «8....
Eqnltable
Bonds, 68.....'
lUO
lis
109
90
130
Spencer
110
„
i35*
lot
13»
11*
,„
,
Ai i?A''iJ*»."S*
«n
,
,
Trask
Co.,
New York City.
RAIVKINn BfJ SINKS!*.
Street,
*'***5r' ^ OEIVICRAI,
sJfSn^ ChlS^ j^^22Hrt"»»-
&
BANKRR8.
^* Broad
»"•«* wire to each
office
and loPhlUOolphiii.
January
iHB CHIIONICLK
lt)9 .)
8,
'ght ganfejers' aSa^ettc.
Far dividend!,
tee prevlout page.
WAI.LHTKKET. KRIDA Y. JAMUA R V U. 1801-9 P.M.
Situation.— Tlio old
year is luippily (lend, and we ivre glad U) have it gone. The
new year opeuH wi'h inucii iiopufuluetiii, owing mainly to the
low iMBiii of values now ruling, and to tlie belief that tlie country is generally in a HOund condition, and that this will enable;
UB to recover quickly from the Htoc^k Exchange crisis of 1890.
The outlook in the money market is certainly much better,
so far as Wall Street is concerned, and wo l)elieve that
money lenders on good stock and
the confidence of
bond collaterals will rather be strengthened than diminished by the late disturbances. Nearly all the securities
The Money Market
iind
—emphatically
our market
At the present moment investors and those who buy stocks
and bonds on margins will be inquiring as to the prospects of
one eecurity and another. In determining these prospects the
first great question must be as to the earning capacity of each
proper ty, and this can only be answered by a careful study
ofite history, the earnings which we report from week to
week, and its prospects, if any, for new business, or extended
The second inalliances which will increase its income.
quiry is concerning the management of the railroad and
whoee bands it is in. It is unquestionably an advantage to
have a road in the management of strong parties who have
Wge interests to protect, but beyond this generalization it Ib
not possible to go. There is no combination of capitalists who
will keep up the prices of a stock when the property does not
pay expenses, and there has been much money lost in Wall
Street by trusting to one strong party or another when the}took control of some defunct railroad, in the belief that they
would boom the stock and keep it up in the long future.
The usual particulars concerning the Bank of Kngland have
not come to band. The percentage of reserve to liabilities la.st
week was 44'44, and the discount rate was 5 per cent.
The Bank of England weekly statement to-day showed an
increase in specie of £128,000, and the percentage of reserve
to liabilities was 37 00. against 41-56 last week; the discount
rate remains unchanged at 5 per cent.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3@ 9 per cent,
the average being not quite 5 per cent.
To-day rates on call
were 5 to 8 per cent. Prime commercial paper is quoted
nominally at 6}^@ 1% per cent.
The New York Clearing House banks in their statement of
Dec. 27 showed an increase in the reserve held of $3,638,6!)0
and a surplus over the required reserve of 17,725,175, against a
surplus or $4,498,900 the previous week.
1890.
Differen'sfrom
Frev. week.
Dee. 28
$
$
1889.
1888.
Dec. 29.
Barplns
Loana and
diso'ts
I
,
1
Burplns reserve.!
7,725,175:inc .3,226,2751
2,021,6751
6.281.3.50
Foreign Exchange.— The market for sterling exchange
for a time was dull and weak, but to-day was stronger with
bills in fair demand.
Actual rates are Bankers' sixty davs'
sterling, 4 791-^(34 80; demand, 4
83J^@4 84; cables, 4 84>^(g
:
4 So,
Posted rates of lemiing bankers are as follows
January
2.
Sixty Days.
:
Demand.
Prime banlt(!rs' sterling bills on Loudon..
4 S0>2
4 84>a»5 00
Prime cominerciiiV
4 77'a«4 78
Documentary commercial
4 77 <»4 77i«
Paris (francsl
5 23(«»5 23 »« 5 26-iH'*.5'20
Amsterdam (guilders)
39% » 39 '8 40'8*40'ig
Pranlcfnrt or Hreinen (reichmarks)
94>4 9 9138
95% a 95 '4
«HPerr«i/»<ttMlt»l.
DM.
$1 60 discount; bank, par; Charleston, buying par, selling
25c. per $1,000 discount; Chicago,
Ji premium; 8t Louis,
70c. per $1 ,000 premium.
fwra/u. Pr«M
W..
|3,«O0
88,460
18,400
88,400
80..
ISUMO
18«I,9S0
81..
SCIHO
88«i0
37.600
87,600
I239.2S0
t280.ZB0
>7..
4 P0r
paid.
0/aringf.
O0HU
Am i«07.
PureVM. Pii«M )•«
If
1-.
Jaa.
2.,
Total..
..
The closing pnces at the N. Y. Board have been as follows'
Interest
Dee.
Periods
27.
Dee.
29.
Dee.
31.
Dee.
30.
I
Jan.
1.
Jan.
2.
I
reg. Q.-Moh. •103 14
4>«8, 1891.
.soup iQ.-Mch. 'll.3'4
4>«s, 1891
reg.iCi.-Jan '1211a
.
48,1907..
•11914
Do stamp'd int.pd.l
..coup. to. -Jan. •1221a
46.1907
•1191s
Do ex-cp toiJ'ly,'9]l
68, cur'cy.'95 ...rcg.'J. & J. •109
•112
...reg.
J.
&
J.
oar'cy,'96.
6s,
63, our'c.v,'97.
6s, cur'cj ,'98.
6s, ciir'jy,'99.
* rhto is
&
i
A
..rcg.'J.
..reg. J.
..reg. J.
the price bid at
IO314 '10314-10314'
IO311 loan '103 14
1211a '1211a *121
11314 119'4 •IIO
1221a '1221a *ia*i«
'II914 '11914*119
109
109 ,*109
•112 1*112
112
115 |*115
115
J. •115
J. •118
118 •118 ,*118
1*121
J. •1211a '1211a •121
tlie
morning board
;
'103 '4
'103 >4
•121
'119
td
e
'Xl21
I
-100k
'1127
'119
'115
'118
'121
1
no sate was made.
Coins.— The following are the current quotations in gold for
various coins
$4 83 «f4 87
3 85 « 3 89
X XReiohmarks. 4 74 a 4 78
Sovereigns
Napoleons
4 80
25 Pesetas
Span. Doubloons. 15 55
Mex. Doubloons. 15 50
Fine silver bars..
Fivefranos
104 a 103
—93 3 — 96
a — 83
a> 4 85
* — "
—73 -3-75
ail5 75 Pernviansols
-a — —
®15 70 Englisb silver
93|itprem. U.S.tradedoUarB — 81 9
Mexican dollars.. - 81
Do uncommero'l — —
par
State and Railroad Bonds.— State bonds have advanced.
The sales include Alabama class A, $16,000, ex-interest, at 102;
Louisiana consol. 4s, $1,000, small, at 91, and $10,000, ex-in-"
terest, at 91?^; Tennessee settlement 3s, $15,000, at 70, an.i
Virginia 6s deferred trust receipts,
$5,000, ex-interest, at 69
Finegold bars...
;
$10,000, at 8.
Railroad bonds have been strong, and in fairly good demand,
most active issues having advanced, the improvement in many
As many
issues are
in part disguised. Thus Atcliison 4s close at 78}^ ex-interest, against
78J^ last Friday, while Northern Pacitic consols, interest
still on,close higher by 3% points than a week ago. Rio Grande
Western 4s have been exceptionally buoyant on the heavily
increasing earnings shown from week to week, the priceclosing
to-day (ex-interest) 2 points higher than a week since. Loui.sTexas 6s have been active and higher on
ville St. Louis
increased earnings. Reading incomes have felt the influenceNorth Michigan
of colder weather and Toledo Ann Arbor
issues have advanced sharply.
cases
amounting
to
IJ^ to 2 points.
quoted to-day ex-interest, this improvement
is
&
&
Railroad and Miscellaiieons Stocks.— Ths closing days of
1890 were not quite as dull nor, as to prices, quite so featureOn Tuesday some weakness apless as many anticipated.
peared on short sales and misgivings aroused by the Omaha
bridge trouble, but barring this the tone of the market, in
spite of one or two failures by banking houses and the higher
rates for money consequent upon the turn of the year, grew
constantly better. Prices advanced materially, and low-priced
stocks shared with the investment issues in the general imTo-day the market was buoyant.
by the advent of colder weather, led
Central of New Jersey, Lackawanna and
in the advance.
Delaware <ft Hudson close 4)4® 85^ points higher than a week
The
ago, while Reading iias gained 1% points in the week.
fear that the dispute between the Union Pacific and the Rock
Island over the Omaha bridge matter mid;ht lead to serious
complications, possibly endangering the success of the Presidents' agreement, caused a decline on Tuesday in the Western
stocks, but Wednesday they recovered fully and to-day Union
Pacific, Rock lslan(i,
Burlington & Quincy, Northwest
and St. Paul clo.sed higher, some of them by several
points, than the week before.
The Rio Grande Western's good,
earnings have brought about a rise in the corapanv's stock as
well as in bonds, and the preferred this week sold higher than
New York Susquehanna &
at any time previously in 1890.
Western preferred has jum^)ed up a number of points, there being talk of some sulvantageous agreement making with a connecting road. Louisville & Nashville also is higher, though
rumors have been in circulation rftsjiectiiig the next dividend,
whicli some fear may fall below expectations.
Lake Erie & Western preferred baa scored a g<3od advance,
and Pacific Mail and Tennessee Coal & Iron are likewise higher.
Nashville Chattanooga & St. Louis sold at the lowest of the
year on December 31, and so also did Louisville New Albany
& Chicago. Chicago Gas was weak on fears respecting the next
dividend, but to-day closes a little higher than the week before.
Silver bullion certificates are also a little hiBher. and
provement.
The following were the rates of domestic exchange on New
York at the'undermentioned cities to-day: Savannah, buying
J(i discount, selling V, discount to piw; New Orleans, commerSugar
cil,
were $8,071,250.
Qferinfi.
The coal
60,572, 700
61.002,700 60.762,700
62,213, 100
57,512,100 52,t02.«(i0
385,321 HOO Dec.1,056,200 394,761,800 388,70f<.7>X!
Clrcalatlon
3,5!I0 OOOInc.
9,900;
4,86->,300
3,731.300
Net deposits
382.049, 300 Inc. 1,729.300 .398,720.500 400.314.r,0i>
Specie
77,812, 300 Inc. 3,335,000 75,560,70" 76.521.:i0e
Legal tenders....! 25,425, ,200,Inc. 323,000j 26,141,100, 29,838,70a
Reserve held
103,237, 500 Inc. 3,658,600 101,701,800 106,300,000
Legal reserve
95,512, 325iluc. 432,325; 89,680,125 100.078.650
Capital
2. 1891.
— are
be.
Dee. 27.
anuary
railroads
those of
—
may
United 8t«t«H Kondii.— Q<jvernmcnt bonds have iM-on without feature.
The daily purchases are shown in the following statement
The total
kindly furniBho<i its by the Treasury Defiartmont.
Surchflses under circular of October 9 up to and including
Financial
based
upon real estate security real estate that has an income, bo
it more or less, which the growth of the coimtry tends alwayH
to increase. Hence the lowest class of income bonds and the
non-dividend stocks of railroads all have a possible value in
the future, and this possibility is traded on and gives them a
certain status at the Stock- Board, however low their prices
in
31
stocks, braced
receipts, of which the floating amount is small l)ecau8e
of the reorganization in progrees, have been variable, closing
to-day at 58i^ against 56^ last Friday. Lead has been actireand irregular.
THE CHRONICLE.
B2
NEW YORK STOCK EXCHANGE—ACTIVE STOCKS
for week enaing
(OL.LII.
JANUARY
2, 1§9I,
HIGHEST AND LOWEST PRICES
BTOCKB.
Saturday,
Dec. 27.
Aettve BR. Stocks.
AteblMD Tnp. A Santa Fe....
AtlsnUo A Pacific
OaBAdian Pacific
Chaada Uoutkern
OBOtral Pacific
CkaMpeake AO.— Vot.Tr.cert.
do iBt pret..
do 2(1 pref
. .
Tr. Rec.
Ohleaco Bortinmou & Quinoy.
OhlcMO A Ea»t«rB Illiuois...
Do
pref...
Chleaffo
pref.
& Nortliwestem
pref.
DO
(WcMCO Rook Inl and & Paolflc,
fXiloago St. Paul Miu. & Oni..
pref.
Do
Otore. CIncin. Cbio.
ft St. L...
Do
pref.
Ol>laBil>u8HocklD|^Val. ftXol.
DatewareftHiidoon
IMawsre LacKawannadtWest
DMirer
Rio Grande
ft
Do
pref
•It Tennessee Va.
•28
1614
40«i
ft
Do
Do
Ga
1 St
pret
2d pref.
ransTille & Terre Haute
Qreat Northern, pref
DUoois Central
121
Do
pref
*''»
72J»
49
100
30
I6«i
128
11
871s
•38
*oO
88
39
85
27% 29
28
*4»8
73
4914
102
30
27
•124
11
•20^8
•78
58
25
82
58%
92
39
85
•20
78
58i«
9214
24I3
24'8
ft
Do
•16i«
13i«
72
96
7
pref
Pacific
Do
pret
OkloftUisalsalppi
18
OrMon Ry
ft
8h. L.
Navlitafion Co.
Utah North.
ft
Paorla Decatur
ISvansrllle
mia.ft Read.Vot Trust. Cert.
PtttobUTfr ann. Chic, ft St. L
pref.
^ i>o
ft
.
^
BtobnipnaftWestP't Terminal
Do
pref
Bio Grande Western
95
Bt Paul Mlno. ft ManitolMt
III4
5514
32
14's
714
25
141s
•53
53
21
21
22
80
23
TnaaftPacific
ArtK>r
4
N.
M
Toledo ft Ohio Central...!"!'
Do.
Dref
*^
DalonPaclllc...
Onion Pacific Denverft Golf
Wabash
Do
pref.
Wheeling ft LakeKrIe
do
_, '^
WlscouBln Central Co
pref
niacellaneona Hiockiil
Awjr. Cot «l Trust receipts.
jtottejre Pipe Line Certir's
gW««oOMCo
Oaiorado Coal
ft
591s
9214
53%
591s
:.
11%
•92
mffmtag ft
73%
71^8
92
72
97
'6
•18
31
961s
20
95%
19%
18%
91% •90
so
*88
5
>102
•4
•8%
21H
9714
19'8
93
93
107
56
57
21
21% 21%
18% 19
18% 18%
32%
250
260
15
15
7
25
"18
57
•21
•78
80
•17%
li>\
151s
31I4
•1414
15% •14% 15%
32% 31% 32%
30%
•12
14
46
49
15»8
'64
191s
66
15%
1913
52
•9
•71
20
15%
16
66%
21
21
20
20%
52% 53
100
•9
10
60
84
151s
4216
191s
9
16% 16%
28%
66% 66%
28I4
171s
15^ ISV
„,
34
34%
33
9%
22
'14% 15%
65
84
42
43%
20
20%
•50
•78
9%
17%
28% 31%
66% 67%
8^8
1«'8
17% 17%
16%
88
15
84% 35%
30% 31%
94
42
•83
•14
94
42%
17
17% 18
11% 11% 11% 11%
15 17
16
16%
31% 31% 31% 32%
70
70% 71
72
l7'e
56% 59%
29% 29%
19
15
15%
66%
21%
54%
•99
111
105
S9% 60%
29% 30%
9%
71
71
22%
22'
23
1,000
57
82
4;^% 44
•55
26
95
17
30% 32%
66% 68%
17% 18
16% 16%
19% 19%
33% 34%
31
31%
94% 94%
42% 43%
86% 86%
15% 16
17% 17%
11% 11%
15
32%
71
180
103
9%
16
33
72
180
"15
19
15
?0
19
15
50
16
67%
22%
55
103
7,485
5
2,200
3,822
3,580
9
30
18
May
May
98% Jan.
36% May
100% May
Nov.
Nov.
Nov.
Nov.
Nov.
Mar.
Dec.
19 92% May 5
31 54% Mar. 10
10 117 May 16
19 31% June 4
8
95
110
104% June 6
Sept 13 104
Dec. 8 117
Nov.
8% Nov.
9% Apr.
16% Nov.
83 Dec.
13 Jan.
90% Dec.
95% Dec.
9% Nov.
50 Nov.
19 Dec.
16 Nov.
46 Dec.
Nov.
28
__
244% Jun.
13 Nov.
5% Nov.
21 Nov.
13 Nov.
48 Nov.
78
•55
60
•76% 82%
42% 44%
21
9%
21
9%
16% 17%
31% 32%
67% 70
18
18%
67%
16
May 3
May 9
20
23
15
20% July 16
31% May 10
79% May 10
8
8
7 31
31 106
8 111
24 18%
24 75
8 42%
10
12
15
10 270
19
15
17
19
19
Oct 22
Sept 2
June 8
Jan. 27
May 5
May 5
29% May 19
69% May 23
52% May 16
June 16
22% May 20
9 May 10
34% May 12
24% May 6
66% May 20
39% June 10
86
Miiy i9
27% Aug. 28
June 6
Apr. 24
Jan. 2
May 3
48% May 19
14 Oec. 29
55 Dec. 17
28% May 21
24
108%
56
24
87% May 21
24% May 10
55
19 Dec. 8 38%
78 Dec. 8 99
1,300 90 Dec. 9 115
1.900 22%Oot 29 37%
2,675 12 Dec 8 24%
1,305 (12 Nov 11 43%
1,420
100%
25% 26%
14
14%
16% 17
Jan. 23
Jan. 23
21
17
5 120
Dec.
4
10
10
80% June 10
101 May 12
32% Sept a
175 May 14
149% July 21
21% Sept 2
61% Aug. 29
11% May 21
81 May 21
27% May 21
127 June 27
86 June 10
120 Jan. 31
12% May 12
33% May 12
19% May 15
68 Jan. 31
114% June 5
95 July 25
Dec.
Nov.
Jan.
Dec.
Nov.
Nov.
Dec.
Nov.
Nov.
Dec.
26
6
Dec. 31
July 24
Dec 10 130% May 13
100
8% Dec. 9 14% May 9
105 65 Nov. 10 105% May 34
100
9%
June 16
July 18
Jan. 9
Apr. 22
May 20
June
1 68% June
100 42% Feb
10 68% Feb 5 95 Aug.
62,120 40 Dec. 8. 68% Jan.
1.235' 17
Nov. 15 38% JIuy
.
1,670
8% Dec. 8
Dec 8
3,650; 15
25%
Nov. 19
ll,800l
Nov. 19
3,340| 63
1,200| 14% Nov. 15
May
15
31% May
42% May
79% May
36% Jan.
13
11
19
28
8
12
14
19
19
10
15% 16%
19
19%
34
35%
33
33%
96% 96%
42% 43
95
84
•83
15
16%
17%
11%
16%
33%
17
71
185
185
3,S50 13 Dec. 8 34% May 19
7,000: 14
Dec. 6 42% Aug. 1
14,502: 32
Nov. 17 65 May I
3,100l 29% Dec. 8 51% June
1,000 85 Dec. 8 107% May 1
3.037 36% Mar. 4 49 Oct
87
315 65 Nov. 11 119 May 2
15% 1,140 10% Nov. 17 28% May 1
17% 26,870 14% Dec. 8 24% May 1
13% 13.171
7 Nov. 13 47% Sept
16%
566 11 Nov. 25 54 May 1
34% 2,360 27% Dec. 8 47% July 1
74% ,525,000 60% Deo. 8 108% Jan. 2
185
104% 104%
379 160
I, for, 000
"56% 58% 39,293
31% 32%
32% 35
76
10,080
t
Unlar the
78
rule, cash,
9.251
t
8 222 July a
Aug. 1
28 95 May 2
26 79% Sept 2
19 89 Jan.
15 119 Jan. 2
May 1
Dec. 9 87
Dec.
96% Nov. 19 121
48
48
28
100 71
76%
Irom botb Eiohaaiai.
100
•9% 10
20
"75%
2,701
102
71
103% 103% 104%
76H.'
675
700
15
98
60
75%
2,341
3,1)0
114
78
33
5«i>9'88ts
125
7
79% May 26
117
148
53% 53% 1.097
21% 22% 16,260 tl6%Nov. 11
63% 65% 25,285 55 Nov. 11
18
18%
50l> 15
Nov. 19
14
14%
600 12 Dec. 10
79
79
256 74% Nov. 18
19% 20
810 16 Nov. 15
15
15%
300 13 Nov. 15
32% 3^% 45,380 26% Dec. 8
13% 13% 1,243 12 Dec. 17
48% 48%
66 50 Dec, 11
16
16% 12.577 13% Nov. 15
67% 69% 1,645 60% Dec. 8
23
24% 2,362 15 Dec. 8
55% 87
2,249 40 Mar. 3
32% 33%
69% 70%
185
200
29% 30%
16% 17%
11% 11%
15
11,935
260
14
42% 42%
84
250
8%
18%
33% 34%
30% 32%
95
825
417
15% 15%
8%
SSt* K"*
30%
32
5 Prices
S
33% 33%
o
17% 17%
16
18
210 84
5 100
33%
19% 19%
23
31% 31%
67
26
95
n
16% 17
I
420 82
52,280 65%
4,750 17
2,490 92
2,310 16
105 83
2
123% May 26
Dec.
Dec.
Dec.
96
600 60
420 65
t3% Nov.
17 Nov.
101% 101%
11% 12%
57
58%
41% 43%
20
Feb.
4.
12% 12%
20% 2(1%
60% 61%
76% 82%
20% 20%
9% 9%
100
91
93
107
4
26%
13% 13%
15% 15%
13% IS's
15% 16%
13%
15
15
16
10
14
17
13
135 Jan. 24
15% June 16
111% May 10
46% July 15
95 July 14
6% Dec.
320 55
86
19% 21%
26
57
82
1678
7
30
'87
'103
•67" ibo'
26
99%
620 45
1,228
97
97
'9% 10
•70
i'66" i'06
26
'6
71% 73%
19% 20
31% 32%
13% 13%
"46
110
25% 2j''8
13% 14
16
78
53% 54%
•99
'•97" iod'
•50
•78
4II4
19>s
29
14
'"V3%
14%
66
7.5
84
52% 52%
21
21%
62% 64
50
ISTg
'98'
14
81
18
66
100
110
22
•79
18
•13
•46
•71% 78
25%
"17
15%
•64
14
50
10
75
21
25
14
•UI4
'81s
31
14
•46
26
14
23%
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Dec.
Nov.
14% 14% 2,200 10% Nov.
54% 55
3.390 44 Dec.
106% 108
31,410 101 Dec.
27
15%
19
14%
72
97
38
20
14'8
7
26%
14%
98
90 134
28.235 61%
1,700 19
5 75
5,81
55
162 86
3%
252% 2.52%
253
15% 15%
7
7%
25
25%
•13%
36
1,137
6,440
7%
7
S6
18% 18%
51% 51%
32% 33%
33% 33
•250
1,150
2,030
1,265
6%
60% 60%
16% 17
72
97
7
20
57
23
50% May
9% May
84% Aug,
61% June
128% May
36% May
27% Jan.
66% May
46% July
67
42
90
16,145
57%
57
59% 60%
•24
23% Nov.
26
36%
200 18% Jan,
130% 132% 3,84^ 120 Dec.
131 133% 96,297 123% Nov.
17% 17%
610 14% Apr.
8%
•13% 14% •14
14%
52
53
•53% 54
2II4 21%
21
21%
0314 64
62% 64%
74% 74% 75% 76
Thcst are tie price* bid and asked;
no sale made.
.
59% 61%
11% 11%
57
78
20
•I414
81
•92
92
95
31
.
W—tern Pnlon Telegraph
•78
81
Highest
123
106
69% 71%
23% 23%
90% 90%
101% 101% xlOl 101%
11
11% 11% 11%
•92
95
101
Ftoe Une CertVocaiiVC ".
nilaian Palace Car Co
178
182 182
Wtar BoUlon Certttcate*"" 102%
102% 102% 103%
•ar Reflnaries Co
Trust teoelpte'
Oo»l ft Iron. . . . ":
50%
In 1890.
Lowest
80 Nov.
270 36% Feb.
84%
252 70 Feb.
53% 55,258 44 Nov.
104% 105%
•4
10
78
17
17%
! !
83
106
107% 107%
11''8
19
14
•85
15
.
•37%
Range of sales
2,028
3,855
3,160
128
91
88
5
56
7
25
30
17
44%
29%
89% 90%
90
39
71% 73%
17
19%
95
95%
19% 1978
74
14
92% 93%
42% 42%
Cattle F. Co.
JEdlKm General Electric
I«alede Oaa (St Louis)
gaMonal Lead Trust
Veith American Co
gjg«» I"ipro»enient Co!
128
I314
•10% III4
31''9
17
44
29
126
58% 59%
92 14 9214
18
-29
OnaolldatedaaaCo
421s
281a
30% 23
•79
7018
}.
Iron...
•29
and for year 1890.
4% Feb.
106% 108%
80% 80%
80
•I3I9
'•vi'
Bontbern Pacific Co....
•
79
55,033
5
110
I314
100
H
Bt. l/ouls Alton ft T.
. pref
Bt. L. Ark. ft Tex., trust rec..
St. u>u. ft San Fran. 1 St pref
St. Panl ft Duluth
I*"
pref '
•••MMe
79
Shares.
11
"ssii
381a
11% 11%
18% •18% 20
17% 17%
60i)j
60% 61% 59% 61%
26 14 26 >4 •2o% 26%
27
•20% 21
n8i4 18%
63
Do
90
39
89
25
80
10
1214
Bome W atertown ft Oedensb'R 971s 110
TW. Ann
124
11
•38
'4%
Week,
73% 73%
48% 49%
13% 13% 13% 1478
5II2
55%
51% 51% 52I4 52% 52
10938 109 log'^ 109% 109'8 xl05%106%
86
86
85% •8t
85% 85% "84
I314
6 1 '8 62
Ohio Southern
Orafon
2814
Friday,
Jan. 2.
28% 29%
25
•69T8
•8
. .
OTthem
41
pret.
Do
5
28I4 30
I6I3 17
IO3I2 110
*68
72
•95
*95
9S
98
*6
•6
7
7
18
20
171s I7I3
•101
•68
-94
31 14
York ft New Entrland.
Row York New Hav. ft Hart
Hew York Ontario <K West
'Yiss
•6%
ir«w York Susquehan. ft West.
Do
24ii
pref.
orfolk ft Western
*l3is
ireiv
29
•41a
1.
25I2 251s
26
26
127% 132
125% 125% 126 I2712 I2714 128
liO"* 129^8 IJ979 133% 130'a 13314 XI 29% 132
17
17%
1714 1714
I714 17H •I7I9 18
57
57
*55V» 571s
55'8 55'8
57
57
7I4
'7
-6% '"
7%
•6%
714
7
62
•55
59
5!
59% 59% *58
60
16%
14% 14% M4is 151s 151s 15I3 16
24
Ko.K.ftTez., ex. 2d m. bonds *im
18
Do.
pref.
59''8
Missouri rarific
•24
MobUe AObio...
Vashv.ChaiTaiiuoi;u<.v St. Louis •92
Wew York Central A Hud.son
York Chic ft St. Louis.. -IOI4
•55
Do
1st pref
ew
I>o
2d pref.
•w York
Lake Erie West'n
103
30
16% 16%
4114 41%
'
8914
27''8
Jan.
72% 73 14
x47% 48%
103 13 105%
.
39
•80
2914
5I4
731s
491s
2714 271s
>124 128
27
130
88I9
ft St. Ixiuls.
pref.
•281s
16% 16%
40% 4II4
l«nlsvllleft NashTllle
Do
49
41^14
1021s 103
•281s
See followin gpage.
7II4 7214
7213
•20
2C%
I<oul8. New All), ft ChlraKO ..
94''8 94^8
951s
Manhattan Elevated, consoi.
18%
18
18
Mexican Central
•89
91is
91%
MIehlKau OutraJ
•86
90
93
Milwaukee Lake Bb. ft West..
107i«
Do
pref. 102
'4
Hlnueaiiolis ft St Louis
Evans,
•4%
7314
Dec. 31
Thursday
49% 50% 50% 51% 50% 51%
4919
105 105
1041a 1041a
103 103i« 104 105
103 103>4 103%101% 104% 104''8 104% 105
134 134
1341s 135
69% 70%
691s 7118
tiS^ 68%
681s 701s
Lake Erie ft Western
51
oref
Do
I«ke Shore ft Mich. Southern. IO8I3
851s
LonK Island
Lotilsvillp
514
73 14
Wednesday,
48%
•6
Iowa Central
2719
40^
2C^ 26%
.
.
OWmwo MUwaukee & St. FauL
Do
'ih
100
Ontnd of New Jersey
Do
Do
OUoa«oA Alton
Ohion Atl. Benef
26"8
•71
•iS3g
Dec. 29.
Tuesday,
Dec. 30.
Monday,
Sales
of the
71%
Nov.
Nov.
Nov.
Ndt.
Lowest U
ei-Jlv.
xExdly.
JlKDART
THE CB
18»1.]
8,
NEtV f'>RK STOCK
EJCCMANUBPBICBS
Jan.
iNAcnvK Stocks.
KKllroa<l Ktorks.
AlabuiiiA
AIlMtiiv
Atlanta
\-
Itcllfvilk'
SiiMinohuiuiH
(
'liavlotte Air
A-
100*
1,11...
35
100: 155
lOOi 97
Sdutli. 111. jiref... ....I
Y. Airl.lne i>ref... 100
ViO
KH>
Mtt».... 100
100
26
ItoHoii AN.
BriTuklvn Klcvatfd'
A
Ruiilda A Nor
Rocbostcr
PrifiiTfd
Biiiral.i
Burl. O-dnr
Lowttt.
Oedar Kails & MlimomitA
'156
100
I
:29
:74>«
15
35
-8
13
;
6
. .
Oct.
150
25
4
18
4
Dee.
100
Mabonini; Coal
50
Preferred
50
Marq. Hoiii;bton A Onton..'. 100
Preferred
100
Meinplil."! * Cliarleston
25
Me.tican National
100
Morris & Essex
50
N*wiK>ft News * Ml8e.Val.«;
100
N. Y. Lack. & Western
10<
• No price Friday
latest price
14
I
88
July
Apr.
Apr.
Feb.
May
May
May
Apr.
Dec.
35
Feb.
27
15 Fel>.
24 U July
91a
13'4 May
241a Jan.
Auk.
31
Dec.
65
8
Nov.
33'4 Aug.
65
112
10
82
39
Oct.
75
Nov. 115
140
Dec.
Feb.
Apr.
17%
110
Peoria
lOO!
6
Pitts. Ft. Wayne dc Chicago.... 1001 148
Plttobnrg A Western
80|
Preferred
Rensselaer It Saratoga
St. Jos"|>li Ac (iruud Island.
St. Ixiuls Alton &T. H
South Carolina
role<lo Peoria <t Westernll
Toledo Ht, I,<inis& K. CltyH
Virginia .Midland
4
15
15
Ma^
Dec.
Jan.
/a
Nov.
17 Aug.
371* Nov.
Mar.
Mar
M^
i
461a
5 Oct.
201a May
I
13
19iaAa«p
May
531a
.
,147
140 Nov. 156 Jan.
41i» 43>s 421a July
42H>Jaly
a Doc.
151a June
JlS^g
10 Nov.
32 Hay
27 '4 Dec.
533>a|
75 Mar.
Ill 115 110 Sept. 120 May
;
PrcferredH
Express
& Cable
American Tobacco Co., pret
Brunswick Company
.\nieri(au
Am. Telegrapli
.
.
100
100
100
100
80
Columbus & Hot*iug Coal
Commercial Cable
100
100 J17i«
100. 102ia
Cousol. Coal of Marj'land
Laclede Gas pref
Lehigh * Wilkes. Coal IT
100,
100.
25
Maryland Coal
Minnesota Iron
100
:i5
1
15
lOO!
100,
National Linseed Oil Co
New Central Coal
100
100
Ontario Silver Mining
80
95
19
35
9
40
39
42
II
lOO'
50'
50'
260
....I
......]
T)ec.
15
13
Nov.
80
36
Mav
91
Dec.
JuJt
Jul •
Aug.
30
Jan.
16% Nov.
1
Jan.
Oct.
Juna
1 13
47
Mar. 100
June 301
Jan.
...
581a Sept.
33
31
5
Oct.
Apr.
Sept.
66
Jan.
3SiaOct.
May
Deo.
351a Feb.
12 Dec.
61
Deo.
135 Jan.
I
Sept.
Jan.
2.)
Jau
71a Apr.
100
514I
100 36
38
100
100 J671S....
100 135 145
Texas Pacific Land Trust
U.S. Express
Wells, Fargo Express
Jan.
0«iaMay
50
36
90
290
300
'
Nov.
87
Nov. 1(0
Nov.
36
Jan.
33
Oct. 10 la
Jan.
27 »a
16
17^ 15
100
27
221a
Juna
June
91a
431a
May
Jan.
Jun«
23
90
150
this week.
SECURITIES.
SECURITIES.
Ask.
Bid.
1906
Clas.ii B, 5s
1906
1906
Class C. 48
Currencv funding 4s
1920
Arkan8as-^s,fand.Hol. 1 899-1900
do. Non-Holford
78. At kansas Central KR
1914
Louisiana— 78, cons
Statu ped 48
1894-1895
Mis-ouri-Fund
II «y
June
I
lOOi
NEW lOBK STOCK EXCH.4NGE PRICES.-ST^rE
Alabam.i-Class A, 4 to 5
{
!
.\
18i«
50
July
30
I
41
Deo. 185
Aug.
16
17.-.
100
Preferred
June
180
HiyhtaL
1
Dec.
IS
Dec. !l57
25>aJ.in.
34 ttept
lOOl :26ia
lOOl
American Bank NotcH
American Cattle TriistlT
American Cotton Oil Co. If
8i4May
1561a June
18 Feb.
U
U'i
!
100
$ale$.)
{taleti in lisno.
Lowak
i
9
151
100 172
lOOi 143
Peuusylvauia Coal
Phila. Natural Gas
Postal Tele»jraph-CaWe1I
Quicksilver Mining
901a Mar.
61 Apr.
Ranar
(
60|
AdaiuHK-vpn-ss
Oregon Improvement., pref
May
2.
Ask.
Bid.
Eastern
May
1514 Apr.
115
Jan.
Indicates uuIiHted.
ii
July
Jan.
Oec.
414 Nov.
.
Aug.
Aug.
r»lh%te9 aetuU
(J
niacellHiieoua Stock*.
29
50
(
13
June
11 la May
5 Feb.
157 Jan.
71a Sept.
11 Oct.
60
I
Nov.
Nov.
Dec.
3HM May
Nov. 1031a May
554 Nov.
14 '4 Mar.
3I2 Jan.
lO^'sMay
2
D»c.
7 Mav
99 la Mar.
801a Dec.
10 Sept. It! Oct.
6 June
6 June
6^
Texas
I
Oct.
41
80
35
10
17
89
1913
lOOl
U&
120
107
Dee.
39
Oct.
Dee.
2
)
50 ; 160
Coliimliht A UreenvlUe pf
100
100
4
I)r« Miiiiicii & Fort Dodge
Preferred
100
10
Diilnth 8. Hhore * Atlan.l.
100
4
100 111
PreferredD
Flint ik Pere Mikrquette
100
Pr.'firred
100
100
Georiria PailtteH
Green Bav Win. & St. Paul... 100
lOOi
Houston i Texas Central
Illinois Central lensed Unea... loo!
w)
Kanawha A- >ficliii;an
100
11
Keoknk A' IJee Moluee
100
Preferied
lOO
KluKfton & Pembroke
50
IiO.usv. Erung. A St. Lo., cons 1001
i^t.
II
Apr.
41 Oct.
Deo. 175 May
Jan.
91 \ May
.Sr7V)7iC.?,
ISAcnvE Stockb.
[
Bightit.
Bialittl.
28
15 Jan.
73>sNov.
20 Nov.
10 Mar.
28 »s
Wevflnna & rittglmrt
Preferred
88
120
'10«
lOOJ
100;
lOO'
(.'nllfuruia I'licirfclf
Louisville
800.
1
'
V1<'khiir(f<I
A-
.V
{Cantlnna l)-r\AOriVE
Hantt iiaUt} in
i
Ask.
Bid.
T IiidicutrK Iinli8ted.
2.
33
102
102
105
New York—6s, loan.
105
1
71a
150
4
105
91
106
Chatham
15
180
92"
6s
Rhode Island— 68, con. 189.3-1894
'South Carolina— 6e, nou -fund.1888
settlement, 6s
5s
38
7
94I0
1910
1919
New
*
70
1912
1913 100 106
1913 95 104
1913 68I3 69
Comiromise, 3 4-5 68
"is"
...„.
1..
Consolidated 4e
Ask.
Bid.
S.C. (cont.)— Brown oonsol.6».I893
Tennessee—68. old
1892-1898
.
RR
Special tax. Class
10
9.
SECURITIES.
Bid. JAsk.
1893 101
North Carolina— 68, old
J&J 30
Funding act
1900 1(1
New bonds^T. & J
1892 1898
20
.
JANUARY
BOi^DS
I2414
104
68, consolidated, 2d series, recta.
68, deferred, trust receipts
1
1
10
7
1
*
,
New York
ISDO,
City
Bank Statement
We
as follows.
is
omit
for the
week ending Nov.
York."
>».
CapUat. Isurpltu.
|00< mnitttd.)
Bank
York.
Mercliants*
Mechanics'
America.
Phenlx
City
Tradesmen's
Chemical
Merchants' Exchange
Gallatin National
—
Bnlchere'A Drovers.
Mech.^nicH'
Tnulers
<&
Greenwich
Leainei Muiinfact'ra.
Seventh National
State of
New
York....
American Exchange..
Commerce
Broadway
Mercantile
Pacific
1.7484
2.050.0
2,000,0
2,000,0
3,000,0
1.000,0
1,000,0
1,39.1,3
i
750,0
800,0'
600,0
1,000,0
300.0
200,01
200,0i
600,0
300,0
1,200,0
6,000,0
6,000,0
1.000,0
1,000,0
i
450.0
800,0
700,0
Peoples'
Nortli America.
Hanover.......
Irving
Cttliene'...,..
.....
A Fnlton
Nicholas
Shoe it Leather
....
Exchange
Continental.
Oriental
.
Importers' & Traders'
Park
Kaat River
Ponrth .National
Bowery
New
York Conntv...
German. .'Vmeri can
Chase Natiuuul
. .
FifUi Avenne
German Exchang*..
German la
United 8ut«s
,
Lincoln
Gartleld
Fifth Natloial
Bank of the Metrop..
West Side
Sixth National
"!
Western National....
First NaUonal,B'klyn
Total
1,000,0
1,000.0
800,0
1,500,0
•.<,000.u
Central National
Second National
Ntotli National
First National
Third National
>. Y. Natl Exchange
Seaboard
1,000,0
600,0
600,0
600,0
760,0
600,»
600,0
Bt.
Specie.
t
12,0 '0,0
10.636,0,
894,8
6,505.7
1,899,1
7,801,0
i,y26,'.'
13.357,0'
656,9
4,884,0
3,153.!)
9,7«4,2
9P 2
2,032,6
6,4'is!9 21,981,1
141,8
3.148,7
1,494,2
5,319,1
301,7
1,634,1
243.8
2,687.0
13'.',6
1,163.8
695,5
3,041,9
81,1
1,452.9
490,4
3,469,9
1,939,7 15,629.0
8,423,8 18.029.9
1,639,3
5.533,4
92.^,2
7,622,8
893,1
2,£51.o;
983,1 10,252,5
711,7
6,742,2
301,0
2,336.2
643,3
4,669,6
1,557,2 13,046,6
295,2
2,797.0
411,9
3.673,1
227,4
2,877,0
725,2
4,075,4
109,9
1,837,4
865.9
3,475,0
1,141,5
6,401,2
317,4
4,256,1
392,2
2,100,0
4,858,6 30,832,0
2,423,5 19,280,0,
143.9
1.217,7
1,662,0 18,908.7
6,42'^,o!
540,2
330,6
4,138,01
309,
6.051,4]
6,701,. 21,393,6
244,0
4,369,6
141,6
1,445.0
404,8
3,700,01
521,4
8,612,21
258,4
2.892,2
917,1 10,442,5
761,4
4,169,9
466,1
2,709.1
443,4
2,690,1
507,7
4,181,4
304,3
3,843,0
328,4
3,147.4
319,0
l,83b,9
672,6
3,939.4
342,1
1,956,0
166,6
3,433.0
384,0
1.531,0
2S8,6 10,820,4
761,1
4,142,9
i
i
1,600,0
Chatham
Com
3,000,0'
422,7
Republic
Nassan
Market
9
*
New
of
MantiBttan Co
Loim
250,0
3,200,0
2,000,0
800,0
750,0
500,0
1,000,0
300,0
260,0
200,0
750.0
600,0
100,0
200,0
200.0
600,0
300,0
200,0.
160,0
800,0
800,0
600.0
200,0
S.600,0
800,0
i
2.640,0
1,961.0
1.858,5
1.022,0
2,196.6
986.0
2,017,4
213.1
5,940.9
519,5
776.5
LeiaU.
t
250.0
410.0
153.0
4S8.0
668,7
76.0
652,0
146.4
l.OOl.t
297,2
'J47.6
400,0
70.1
1(12.0
372.0
137,7
148.6
29.0
208.0
339.0
177.1
382,8
363,5
603,1
3,001,0
1.827,1
1,244.2
1,318.8
447.6
l.S3'2.8
1,393,4
133,9
787.6
261.7
819.3
859,0
141,4
884,1
837,2
144,5
678.4
272,0
320,7
3.355.8
368.2
120,7
642.3
342,8
433.3
289,9
606.7
130,5
175.8
288,0
417.0
227,0
1,016,8
187,7
828,8
341,0
151,6
4,532.0 1,012.0
639,0
4.188.0
82.1
243.8
881,8
4,285.1
678,0
835,0
101,0
1,280,0
322,7
887.1
784,6
2,981,7
48t,0
307.0
88,0
172.1
55H.0
166,0
730,0
U0,0
460.0
61,9
707,8
2,874,4
140,3
1,177,3
688,0
191,3
281.7
192,2
46,7
771,4
300.4
770.1
439.4
485.8
368,8
336,3
394,1
789,»
284,0
374,0
387.0
630,0
123,0
194.0
3,088,1
471,4
174,3
T.9,3
Oepotitt.
,
.VOT.
29
I>ec.
6
13
••
4.43.5,(1
9,440,7
l.S78,0
2J,456,7
3,486,7
4,28S.3
1.747,8
3,00«,u
1.166,2
2,377,0
1.595,2
'.J,942,l
12,388,0
ll,7-*2.0
4.579,3
7.964.3
3,125,2
10,153,9
5,567,;
2,908,7
4,361.7
13,814,9
2,503,0
3.019,K
3,578,8
3.991.4
1,717.8
2.8H8,0
6,880,»
4,541,4
2,040,0
41,164,0
82,33i,0
1,137.6
17.475.0
6,448.0
6,089,0
6.152,1
18.654,9
3,518,2
1,233.4
2,822,0
3,079.4
2.567.3
12,405,0
4.59.(,0
3.329,1
S,0«(),5
4,5JS.J
4,lSf.4
3.795.
2,023,9
4,715.9
3,039.0
3,915,0
1,280,0
9,140,4
4,039,0
60,572,7 62,213,1 8»3,377,0 71,996,4 21.816,0 886.574,8
Dec. 13
••
"
L'^nit. [Otantili.
Specie.
f
'
•v;"'
OI«an«M.
'1
«
«
..;12-2,78^, 8l381. 548,1 71,6-8,S 23,368,1 373, i-8,2,1..i»:.3 623.26!)
122,-85, « 3SB, 419,5 ^^^'.li3i.i 2.3.063,2 370. 914 .'3.511 1 74^ 76.0
.1122,7'<3, 8 3S3.,967,9 70,31 1.0 24 4-.3,:'376, 7>d..l l.li-.'J 718701 »
.112^,785, H-'f), 378,074, 476,7 25.10.'.2 3-i9 32.1.11 3 5So.l61').;7l.»
122,7»6, 38.., 321,8 77,812,3 -25,42 i,2 ii 119.3 3 5 U, ), 83,524,
«
"
21
"
27
Boston.*
»
11,400.0
10,442,0
6,694,2
5,991.0
12,345,0
[Capital dt
^urplUf.
BA!CK8.
ticj ciphers (00) in all c.ises.
..
20....
37....
«
«
«
I
»
577,2 10,402 7 4,920.4 126, 317.2.1.241.3! 9.1.«6n»
863,1 10,781.2 6,21.1,1 137, 319.- 3.230 1) 81 936.4
874,1 10,833,0; 6,363,3 128, 687,ti'3.'243.2l 68 383,3
66,842,
66,842.
65,843,
Phlia.Dec. 13...
.
••
20....
"
27
'
...
35,793,
35,793,
35,793,
97,107,0
97.121,0
23.337,0
24,294,0
8B,5S2,0l
23.b2i),0
We utnit tuw c4i>ltert in aU tlust
'Ulphla. the item
'^
Bostoa aad Phil a
t loolnillng, tor
^gur^t.
66,588,4
66,370,1
56,120.B
410.0:3,189.0
533,0 2,18S,0l
631.0 2.184.0
due to other tianu."
City Railroad Secarlties— Brokers' Qaotatioos.
Drr Dock K. B'yi B.—
Atlantic Av., B'klyn.St'k.l
Srooklyn City— Stock
Ist mort, 68, 1902. .J&J
B'klyncrotst'n 58., 1908
Bkn.O'yA.N'n58,193S J.SJ
Oentral (Jrosstown— St'k..
Ist mort., 69,19'22.MAN
Cent. Pk.N.<feK.Riv.— Stk.
Oaosol8.78, 1902 ...l&D
Dry Dk.K.B.<& Bat'y— Slk.
1st aort., 7s, 1893..J&U
BANKS.
—Latest prices of bank stocks this
Bid.
BANKS.
Ask.
Gallatin
Oarflold
165
70
Batohs'ifeUr. 170
146'
300"
(jhaUiam
376
Chemical.... 460C 6000
470
Oily
Citlsens'
166
iao"
Colambla
232
Commerce... 190 197"
Im.
Ask.||
A
145
Mechanics'.
Deposit...... 110
M:'oks'<)kTrs'.
I
x300
2000
113
I
ifiii;
iMerck't8Ex.|123
Metropolitan
S
Metropolis.-. 330
Mt Morris ...400
Murray HiU., 300
Naasaa
llM
A»k
360
lii"
iNlnth
Idth Ward.. 150
In. America.. 140
16.*
North Kiver.j
Paoitlo
.
800
1160
310
260
135
Pio<luoe Ex. 112
185
KepubUo
Seaboard ....1 160
!30a
Second
ilOO
Seventh
Shoe* Leath. 160
St. Nicholas. 134
SUteotN.Y. 106
100
Third
Tradesmen's. 90
Unlt'dSUtM too
Park
People's
233
Phenlx
lis
188
1
I
I
I
316
Mercantile..- '220
'Merchants'.. '164
Kaat Hirer., 160
llth Ward... 160
Plttta At«.... 1600
1107
Bid.
|
Oriental
!300
Madison 3q..' 100
165
io«"
300
110
340
IN.Y.NatKl. 136
i
1180
Markets Pol 220
107
120
107
I
Lincoln
ilanhttttan...
ivf"
N.Y. County. 600
300
Leather Mis', 240
BANKS.
114
67
'New York-.. 235
350
125
Trad's' 625
Irving.
Oontinental 133
Com Kxch... •240
100
14th SUeet.. 170
Foartb
170
Bid.
;290
1350
Oermauia
Green wloh...
Hanover
Hud. River..
Cha^
Fifth
Plrst
First N., 8.
]
(Jennan Am. 1'20
Oerman Ex. x293
'295" 312
Bowery
Broadway... 380 286
Central
•41-
week.
List
315
imertoa
Am. Kxch... 160
Aabury Park
109
340
,
'24;
8'way Ist, OS, gn
3n(t 68, int. as rent., *03.
Bank Stock
1
FiA'lOO
l^ripOa
200
«tghth At.— Stock105
KlghthAv.— Scrip.6»,l9U
Scrip.
P]
235
4'2d A ttr'nd St. Pry-Stk.
7s, 1893. AJtO 108
42<l8t. Mauh.A St.M.A»e. 38
l»t mort.. Ha. 1910.. MAS 112
2d M„ lncoiu6,«8 ...JJiJ 60
Hoast W.St.dt P.K'y—Stk. 900
100
Ist mort., 7», 1894.. J4
100
Ninth Ave
114
Second Ave.- -Stock.
Ist mort, 5s, 1910.34AN 106
210
Sixth Ave.— Stock
Istioort, 78, l£90..JJiJ 105
290
Third Ave.-Stook.
JJkJ 109
IstM., 58, 1937
Twenty.thlrd St— Stock
.I1O6
Istmort. 78. 1893
Sen. M.,5'), 1909...A&O
Broker St. 31 Ful. K. -8ck.
Istmort, 78., 1901>..J*J
8r*dwar * 7thAv.--8t'k..
1st mort., 5s, 1904 .JAV
3d mort, 68, 1914.. .J AJ
Wsstem
West
ISO
112
110
106
»7\ "ti"
Side... 800
I
31»
PHELADELPHIAAND BALTIMORE STOCK EXCHANGES.
Sales
^- Share Price* - not Per Centnm Prices.
of the
BOSTON,
Active Stocks.
1
I
Baltlinori.
& Ohio
Dec. 29.
27% 29
26»8 27»8
4'8
*4'8
"
})^
\oo
AXUau^ (Boslon). 100 190
.ad imterroil
,
Boston >V
Boston Jt I-owcll
Boston A Maine
5
921s
g2i<
P3
93
.
(Ball.J. 100
iirefeireil
Monday,
Saturday,
Deo. 27.
ndloat*" "Diluted.
itch. T. & B. Fe (Bo»toti).iOO
"
JWJ
Atlantic & Pac
im
[Vol. Lll.
THE CHRONICLE.
34
112'all5
190 190
76 176
98 198
115
190
177
200
176
100 198
17
17
•16.
100
of
Mit»8.
Ceutial
36
100 34>9 34J3 36
PKferred
89
88
100 87>« 87»«
Chlc.Biir.&Quln.
, ..
,^,
496fl 50H
4808 49^
CMC. Mil. &Bt.r. (Phil.J.lOO
44
44
44H!
100
(Boston)
Midi.
W.
*
Chlo.
50
Clii.8au.JiClevc.
"•3
if
a^g.
"
100
Cleve. A Canton
la's 18>a
'OO •18
Preferred
(Boston) 100 160
£<wttrn
84%
84
81
81
"
}0O
Fitchl.uiK pref.
•17
100
V\. & Pere Marq.
''
lOO
Preferred
17i«
17>9 IT'S
50
Hunt. &Br.Toi>.rP'ii<a>.
"
-O 43I11 43i« 431* 431b
Preferred
49
49
"
50 48% 48%
ielilKh Valley
Maine Central (Boston). 100 I8J9 18%
19
18%
'•
100|
Mexican Central
32i«
100 31% 31 '8 321a
N. Y. A N. Eng.
110
109
Preferred
iVx 108 110
Northern Central CBa//.;. 50
21% 21%
21>8
Northern Pacilio (PhUa.) 100 21
62ie
6256 63%
"
100 62
Preferred
165
Old Colony.... (BostoiU-lOO 165
49% 50
49%
.50
490e
(Phila.).
Pemmylvanla..
26
26
26
50 •25
"
Philadel. & Erie.
I5O8 16
IS"*
1514
50
"
Phlla. i Reading
Summit Branch rBos/oiU- »0
42% 43%
42
"
100 42
Union I'acitlc
2251s 225 22514
V;nlte<l(;oa.ofN.J.fJ'/li<o.>100
Tuesday,
Dec. 30.
Wednesday,
'
27'8
28''5
•473
5
1.
28%
112% 115
I6I3
17%
35
50%
35
89 Is
51
43-4
44
199
16% 17
16% 17
34% 35 14
•34% 3514
88=8
8914
51
•43
88=8
50% 51%
"43
...
23% Nov.
52%
44
80 27
Nov.
22
.
'
•714
WcsternN.Y.*ParJ'*an.M00
mixer llaiieous
41%
41
13
•40
.V-
212
210
212
212
•1278
•47
45 M
47
13
250
24S
245
50
46
47
245
50%
»47
*45
46
47
46
•STg
.
84% 85%
18% 18%
19
19
86I4
•17
87
Nov.
44%
49%
49
19% 19%
32% 33
110
110
n
s
67=8
31% 21%
63% 61
168% 166% 166 166
50
50%
49''8 50
21%
63=8
64'4
4314
225
•7%
7%
8
210
208
210
42
42
14
246
22514
249
7%
208
210
I'referred.
If
25
*'
We«t KndLaud...
I914
201a
47
47
249
-46
21
46
47
47
21
48
46
261a
21
21
Priet* of
&
January
2.
Charlotte (Berf(.).lOO
Providence (.Boston). 100
Boston iS
CauidenAAtantiopf.
C»tawis»a
Ask.
Bid.
25fe
21% 21%
21^ 21%
96
247% 250
Bid.
Inactive stocks.
fonds.— Boston.
S.F.100-yr.4g.,1989,
50
59
•'•
50 56%
l8t preferred
"
50 55
2d preferred
(BttU.). 50
Central Ohio
"
100
Charl. Col. & Augusta
CheBliire preferred.. (Bo»to)»). 100
'•
100tll5
*>>uutetieut <k Pass.
"
Conueetiout River...
100t215
.
.
I
M&N
95
100
71
36
22
100
Vii
I
icirtiert lut.iiM.^t.
Feb.
1,784
27
54% Aug. 4
37% Jan. 6
54 May 22
48
Nov.
43% Nov.
Deo.
520
9 •'8 D6«.i
10,744
1,640
48% Nov.
36
Dec.
466 2514 Sept.
17
4,256
Nov.
55 Jan. 23
47»4 Sept. 3
94=8 May 21
6914 June
28 '4 Oct.
.58,
6
30
32% May 28
Bid.
Bonds.
Pcnna. Consol.
Ask.
r......
96
•
78%
56I4
3714
30
99%
.
Bonds.-Baltimore. -Dec. 31
Atlanta &Charl., Ist 78, 1907, J&J
1900, A&O
Income 68
Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conn., 5 g...l925, F&A
Staton Island, 2d, 5 g.l926, J&J
Bftl.&Ohio8.W..lat,4%g.l990,J&J
CapeF.&Yad.,Sor.A.,6g.l9l6, J&D
1916,J&D
foiesB.,6g
Series C, 6 g
118%
97
98%
102
100
99
100
108%
Oxf.&01»rk.,tnt.gu.,6g.l937,M&N
Piedm.&Cum.,l8t, 5g.l911,
F&A
Pitts.&Conneiis. I8t78.1898, J&J
Virginia Mid.. Ist 6s. ..1906, M&S
1911 M&8
2d Seriea. 68
II6I4
1916, M&»
3d Series, 6s
192 1 M&S
4th Series. 3-4-58
1926, M&S
5th Series, 5s
West Va. C. & P. 1st, 6 g.l911, J&J
West'n N.C. Consol. 6 g.l914, J&J
112
Wilm. Col. & Aug., 68.. 1910, J&D
115%
,
121
116
MlaCEI,I,ANE0U.8.
Baltimore— City Hall 6s 1900, Q—
108% Fundinges
1900, Q—
110
West Maryl'd RR. 68.. 1902, J&J
100
1916, M&N
Water 58
Funding 58
1916, M&N 124
.
136
1930. J&J
1900, J&D
1910, J&D
1939, J&J
Equitable Gas, 6s
1913, A&O
Virginia (St&tel 38, new. 1932. J&J
Exchange 3%s
Chesapeake Gas, 68
Consol. Gas, 68
5s
I
1 Unlisted.
Sept. 19
.57% Feb. 11
37
19
.
I
ao sale wag made.
54%
Mar.
85
261
9914
1916. J&D
122i» Cent. Ohio, 4% g
1930, M&S
Charl. Col.&Aug. I8t78.1895, J&J
Gn. Car. & Nor. 1 st 5 g. 1929, J&J 103
North. Central, gold 6s, 1900, J&J
J&J
103
Gold 6a of 1994
1926, J&J 107%
Seriea A, os
1925, A&O tlOO
4%8
1
Bid and askftd prices
Doc.
Dec.
44
.
.
'
Nov.
Nov.
Q—
J&J
100-year income 5 g., 1989.8ept.
Burl. & Mo. River Exempt 68, J&J
57
1918, J&J
Non-exempt 68
1910, J&JI
5114
Plain 4s
Chic. Burl. & Nor. I8t5,1926, A&O
1918, J&D
2d mort. 63
Debenture 6s
1896. J&D
Chic. Bnrl.& Qninoy 48..1922,F&A
1919, A&O
Iowa Division 43
170
Dclaware&Bound Br.(PA«ta.).100
Chlc.& W.Mich, gen. 5s, 1921, J&D
"
HHr.Port«.Mt.Joy&U
50 1 80%
Consol. oi: Vermont, 58.1913, J&J
Kan. C'yFt.8.iMem.(Bo»to»).100
"
Current River, Ist, 58..1927, A&O
100
K.C'ylt S. AQulfpf.
Det. Lan3. & Nor'n M. 78 1 907. J&J
"
100
K. CIl V .Mem. A Blrm
E iBtem Ist mort. 6 g.. 1906, M&S
{PhUa.). 50
69
Little ^T,lluylkill
Iree.Elk. &M.V.,l8t, 68.1933, A&O
Maueheater <t Law.. {Boston) .100
Unstamped 1st, 6b. .1933, A&O
iBalL) 50
Maryland Central....
K.C.C.&Bpriug.,l8t,5g.,1925.A&0
68
Ulne Uill & 8. ilaveu (PhUa.). 50 t
"
K.
50 t S2%
C. P. 8. & M. con. 68, 1928, M&N
MesquehonlngVal
94%
K.C. Mem. & Bir.,lat,58,1927, M&S
(ilo»to»t).100
Northern N. H
82
K.C.
St. Jo. &C. B., 78.. 1907, J&J itll7
North Pennsylvania. (Phila.). 50
95
L. Eock& Ft. 8., Ist, 78. 1905, J&J
Parkemlmrg
(Bait.) 50
Louls.,Ev.&8t.L.,l8t,6g.l926,A&0
Pemwvlvanln&N.W. (P/ii/n.) 50
{Bait.) 1 00
2m.. 2— 6 g
1936, A&O
Baleinh & Uaston ....
Mar. H. & Ont., 6s
(Bo»/o«).100
1925, A&O
Rutland
"
Exten. 6s
100 60
Preferred
1923, J&D
Mexican
70%
(Bait.)
100
Central,
«;..
1011, J&J
Bealioui-d A Roanoke.
4
"
lat consol. lncamea,3 g, nou-cum.
100
35%
Ut preferred
2d consol. Incomes, 3b, non-cum.
21%
WectEnd
(Botlon). 50
84%
86%
••
Preferred
50
84% 85 N. Y. & N.Eng., Ist, 7s, 1905, J&J ,12114
(Phila.). 50 i 67
58
Istmort. 68
West Jersey
1905,J&J ,113%
"
40
2d mort. 68
West Jerney & AttAn,
50
1902, F&A ,100
(Bolt.). 50
Western SlarylanU..
2d mort.. scaled, 58.. .1902, F&A
"
Wilui. C4il.v'li AugUHtu
100 108
Ogden. & L. C, Con. 6s. 1920. A&O it....
"
WihnlUKt'nikWeidon
100
Ino.6s
1920
WiHeonrtIn (;eutral.
(Bo<ton).100
18
18% Rutland, Ist, 68
1902, M&N liio'
"
Prefonixl.
100
2d, 5s
1898, F&A
"
Worc'st.Nash.&Booh.
100
Bonds.— Philadel -ihia.
,,
MIHCEI.LAIIKOCR.
Allegheny Val.,7 3 IDs, 1896, J&J t]09
Allouex Mining
(Bostoti)
Atlantic City lat Ss, g., 1919,
3
101
a's
"
Atlantic .Mining
25
16
Belvidere Del., l3t, 68.. 1902, J&D
15
Oily Pttwengui RK... (Bai(.). 25
Catawlssa, M., 78
1900, F&A 114%
Bay8tat«(ja«
(Boston). 50
Char. Cin.&Chic.lst5g, 1947, Q—
31
32
"
BoatoD Laud
614
10
Clearfield & Jeff., let, Os. 1927, J&J
6
"
Oentennlal Mining...
10
14% 15% Connecting. 6s
1900-04, M&S
"
rort Wayne Electricf
25
Del. & B'd Br'k, 1st, 78.1905,F&A 131
10% 11
'
rraDKIIn .Mining
25
15% 16 Eanton & Am. 1 HtM.,58. 1920, M&N' 109
'"^
Frenelini'n'sBayL'nd
Elmir. & Wiim., 1st, 68.1910, J&J. t....,
5
6
**
Huron .Mining
25
3
4
Hunt. & Br'dTop,Cou.5s.'95,A&0 100
"
UlluoisHteell
100
80
I.elilgh Nav. 4%3
107%
1914, Q—
"
Xeanarge Mining
25
12
2d 68, gold
1897, J&D 109
Honia t^nnl guar. 4. (Phila.) .100\
General mort. 4%8, g.l924,Q—
80
"
Preferred guar. 10.
ItK), 181%
Lehigh Valley, Ist 08...1898, J&D 110
OaceolH Miuiiig
(Boston). 25i
35% 36
2d 7s
1910, M&S 134%
'•
Pewabic Mining
23
15
Consol. 6
1923, J&D, 125
"
Pullman Palace Cir..
100 i83 i 185
North
IIII4
Penn.
1.3t, 78.. ..1896, M&N
••
Qolnoy Mining
25 85
90
Qen. M. 7»
1903, J&J xl22
"
Amarack MlnlOK,...
2S 140 145
Pennsylvania gen. 68, r..l910, Varl
"
Thomi»'nHe»W«adt*fe1|
100
200
Coneol. 6s, c
....1905. Vnr' H15
.
5:240 June 12
June 9
68
26=8 June 2
323 June 18
Dec.
.
'
.
60
3
7.
47
Ask.
May 21
May 2
1919, Var| 110%
1913, J&D, 95
Collat. Tr. 4% g
3
25
Pa. & N. Y. Canal, 78. .1906, J&D|
1939, A&O tll3
Consol. 58
100
78% 79 Perkiomen, Ist ser., 5a. 1918,
A&O 110%
M.
gen.
5g.,1920,
49% 50 PnUa.&Erie
97
1920, A&O
Gen. mort., 4 g
PhUa & Read, new 4 g.. 1958. J&J 78
55^8
Ist pref. income, 5 g, 1958, Fell 1
36%
2d pref. income, 5 g, 1958, Feb. 1
9978
99
99^8
3d pref. income, 5 g, 1958. Feb. 1 28%
99
A&O
1893,
2d, 78
1911, J&D tl25
Consol. mort. 78
87%
191 1, J &D 112
Consol. mort. 6 g
ImprovementM.6 g., 1897, A&O 104
90=8 9078
95%
Con. M.,5 g..stamped,1922,M&N
84%
Phil. Wilm. & Bait., 48.1917, A&O
F&A
)104% 1061 Pitts. C. & St. 1.., 78. .1900,
55
Po'kcepsie Bridge, 6 g. 1936, F&A
123
Schuyl.R.E.Side,l8t3 g.l935, J&D 104
Steuben.&Ind., l8tm.,53. 19 14, J&J
1894, A&O tl05
United N. J., 6 g
tl0i4 111
Warren & Frank., lat,78, 1896, F&A tl06%
50
Thom.Europ.E.WeldK (Boston) 100
••
100
Water Power
50
"
Westinshouse Eleo.V
(fAtia.).
307 191
818 38%
126 1 1
97 240
208
21%
48%
50% 51
12% 12%
57%
57
43%
42
25% 23%
21% 2214
25% 25=8
21% 21%
25=8
39
'
48
50%
45% 45%
45% 46
25=8
25=8
7%
1314 I314
>216
248
47% 47%
26>a
Inactive Stocks.
Atlanta
•21
16%
50% •47
•47
9514
Dec. 18; 104 May
Dec. 8 24% Oct.
1
38i4Dec. 9i 49% May 16
726 x47% Dec. 10, 54% May 19
130 Feb. 10 156 ,Iune 16
6,657 16% Nov. 19 31% June 5
1,912 28% Dec. 8 52% May 16
81 100 Dec. a 121% July 17
65 Nov. 19 71 Jan. 6
4',896i 17% Nov. 11 39% June 10
11,753 55% Nov. 111 86 May 19
53 1,'12 Dec. 11 179 Apr. 29
5,301 47% Nov. 19 56% May 1
105 23 Deo. 17, 36% May 21
29,079 13% Dee. 8 24m8 May 19
May 7
8
5 Sept. 3j
2,539 40% Dec. 8 68=8 Jan. 28
Aug. 21
4,233%
225
Deo.
38
7>4 Dec. 11 I214 May 27
604
41% 42
21% •20% 21
47 '8 48
17% 48
49% 49%
•49
49% 50
•49
11% 11% •12% 12%
113s
Horth .\inerican. C/'ft''->100
5tii4
60'4
57% 58%
60%
60
57% 59^8
8uKHrItilinerie«TI (KoaCn)lOa
41% 42
41% 41% 4178 1"
25 4OI9 41
Thom.*on-ll'u El.H
Tlftl/
50
N.Knt:. I'eleiihone f Jt'irfiUlOO
IieWi'h<'oiU&Nav
...
7%
•12% 13%
14
*26%
8
^
44
43
22514 225%
41% 41%
250
2214
65%
166
16
42% 43%
43'8
225
225
21%
50% 50%
28
15% 16%
15% 16%
49I4
166
28
14
11
221!
34
110
33
109
o
S
118
Nov.
"913 13%
45
2014
Dec.
Jan.
Dec.
17
80
100
23
49%
109%
28
126
78
17% 17%
19=8 19%
33% 33%
•26%
1,195
•44
21% 21%
63
84% 85
•17
44% 44%
49
49%
109
18
160
20
44J4
7%
7%
7*6
iiitacks.
Bell Telimhoue (Uoslon). 100
25
"
Montana
Boat.
"
25
Butte A Boston..
25
"
Calum.i iHecla
(Bolt.).
100
Co
Canton
"
100
«ons..lldatedGa«
Erie Teleiihone (Bosbm) 100
50
*
Irfiuiton BtoreSer.
'5^8
•1812
130
21
21
111% May 9
79% May 26
46% May 2
33 May 21
12 May 8
29i4May 29
173 July 16
Feb.
50
255
21
July
Mar.
231% Aug.
177 July
235 Apr.
23% July
45 May
5% Dec.
6
19
6
I8I4
May
9i4May 15
107% May 23
81% Nov.
1,125
6,600
9314
...
'
'
50=8
4 Dec.
180
70 92% Dec.
126 Mar.
112 Jan.
257 185 Dec.
145 168 Jan.
June
127, 189
293 14% Jan.
Jan.
242j 29
177
199
177
198
176%
Highest.
.1-
34,552,
193% 194
194
192
175
199
of sales in 1390.
Lowost.
Shares.
29=8
5
92% 92%
93
115
189'8 191
....
176
198 198
8918
Jan.
Bange
Week,
Friday,
Jan. 2.
Thnrsday,
Dec. 31.
2914
27^8
•92
I
116
tlLiwt prioe this week.
tro-ilay'»
101
101% 105%
114%
100% 102
113
104
64
telegram not reoaivad.
Jakdart
THE CHttONlCLE.
8, 1691.]
New YORK STOCK EXCHANQE PBIOES
(ContlnaedX
Rangt
LowttU
*
At,Top.*8.F.-100-yT. 4 g. 1080 J
J
lOSOi Eept,
100-yonrluoome6K
AU. * I'lic.-W. D. inc., 68.1010
vein
78
49>i)
40%
10
12%
72\
J & J,„„.-
Dec.
Deo.
Dec.
Feb.
Dec.
Nov.
Deo.
Nov.
Nov.
Dec.
Doc.
an
AN
.
.
.
1029
SinkluKfundSs
AAO
103
104
105
100
&N
104
100
MAN
A OOOgb, 96
8mkiuKluuddebeu.58...1933M
1909
1920 F A
Exten»ion48
Chfc. reo. A St. Louis— 5 g. J928;M A
Chlo. U.l.&Pao.— 68, ooup.l917;j A
1934'J A
£xten»ion Aool. 5a
giio.8t.l,.&Mtt.— Con.,5g.l932;A A
Chic.St. P. M. A O.-68..r.l930 J A
26-year debenture 58
Nov.
Nov.
Dec.
Jan.
07 08
911a Jan.
J 122 b. 1211a Nov.
S
J 97%
O, *95
9514 Deo.
98
Oct,
Dill4iab. 114
Deo.
b.
A J 87i«a. 90 Nov.
A Dj*120 b. 127 Dec.
117 Dec.
A J|118
99% Dec.
A A 102
A A 70''8 661a Aug.
73 Mar.
Col.H.Val.&Tol.-Con.Sg.lOSliM A 8 81
73 Mar.
1904IJ A U 86
General, 6g
Denver A Eio Qr.— 1st, 7 g.l900 M A N 11512b. 112 la Dec.
1936 J A J 79
l8t con»ol., 4 g
761a Jan.
90 Dec.
Det.B.(Jlty&Alpena-6g.l913 J A J 91
Det-Mac. AM.— L'dgrants.1911 A A O 128 b. 27 Dec.
Nov.
Dul. A Iron Range— 58.... 1937 A A O 95 a. 95
Dul. 80. 8h. A Atl.— 5g. ...1937 J A J 92i2b. 90 Dec.
101
1056
MAN
100
Dec.
E.Tenn. V. AG.—Con., 5 g.
Knoxvllle A Ohio— 6g...l925 J A J 101 b. 103 Doc.
EUz. Lex. A Big San -6g..l902M A 8 90
87'8 Nov.
9412 Dec.
Ft. W. &Denv.Glty-6g':..192l!J A i) 90''8
Gal.H.ASanAn.- WJ)iv.l8t,5g.M AN 93%
921a Nov.
Han. ASt.Joa.— Cons. 6e ..1911 M A 8 II414 1121a Dec.
IlXnoia Central— 4 g
1952 A A O "98 a, 98 Nov.
»09i4 Jan.
Int. A Gt. No.— iBt, 6 g
1919 M AN 111
Coupon, 6 g., trust reo... 190%M A 8 72
70 Deo.
lowaCeutral— lat, 5 g
193a J A D 79 b. 76 Dec.
Kentucky Central—4 g....l987'J A J 7913
78 Dec.
KlngB Co. EL— let, 5 g
1925 J A Jl*90 b. 9012 Nov.
Laclede Gas— Ist, 5g
69% Deo.
1019 Q— F 78I3
LakeErie A We8t.-5 g....]987 J A j|l05i« 10514 Deo.
Lak6 8hore.-Couu)n..lbt,78.1900'j A Ji*123 b. 121% Deo.
Consol. coup., 2(1, 78
lOOS'J A D 122i2b. 11812 Deo.
IIII3N0V.
Longlaland- I8t. oon.,5 g.l93ll Q—>I
General mortgage, 4 g...l938;J A D
90 Deo.
LouIsv.ANMhv.— Con., 78.1898 A A O
llOia Doc.
114 Deo.
N. O. AMob.— Ist, 6g...l930 J A J
do
2d, 6 g
106 Jan.
1930 J A J
K. n. AN.— lat, 6g
1919 J A D
108 Dec.
110 Dec.
1931IMA N 101
Collateral truat, 5 g
101% Nov.
Louis. N. A. ACh.— iBt, 68.1910 J A J IOCI2
106 Deo.
Consol., 6g
1916;A A O 00
80 Doc.
Loui9.8t.L.AToxa»— 6g..l9l7iF A A 78I4
7314 Deo.
Metro. Elevated— Ibt, 6 g..l908'J A jail's 112 Jan.
2d, «8
1899M A NllOl
100 Nov.
Mloh. Cent.- iBt, con., 78.. 1902' M AN*il22isb. 120i« Deo.
CleTtlaud ACantou— 5 g..l917;J
C.C. 0. A T.— Conaol. 7 g...l914!j
1934;j
aeiieralcouaol. 6g'.
1900'F
Col. Coal A Iron— 6 g
Colorado Midl'd—Con.4g..l940;F
ifl
.
liK)2M AN;106
OOB90I..58
8IU.LakeSh.AW.— Ist,6g.l921
Exten. A Imp., 5 g
M. K. AT.— I8t4fl,g
1929
M A
F A
AD
1990J
2d4B.g
1990'F A
Ho. Paclfio— 1st, con, Og.lOJO'M A
lyoolM
3d, 78
Pac.of Mo.— I8t,ext.,4g.iy38 P
2dinort.,78
1891 J
Mobile A Ohio— New, 6 g.. 1927 J
General mortgage, 4»
1938 M
Mutual Union Tol.-6g... -.1911 M
WaBh.Cli. A8t. L.— iBt, 78.1913 J
Oon.Sg
1028'A
HoiB— "b" Indicates price
ttid;
10413 Doe.
NillSiab. lieifl Deo.
A 981a 97% Deo.
76
70 Deo.
A 371a
33 Nov.
N IO514 10308 Doc.
N 11412b. 111 Dec.
b.
"
SECURITIES.
Bid.
(Slock Exchanyt Friees.)
tt,
lat, oonpon., 7b
Debeu. &8, coup., 1884... 1904
N. Y. A Harleiii-7e, rag. . lOOO
N. y.Ohlo. A8t. I..—4g....l937
24'4Miiy
May
.
Htghttt.
I
lOO^Hi I>eo.
104«BApr.
M A
M A
8
'
1
22
b.
JlU
I
1
i
I
|
|
I
I
I
I
I
|
AN* 1041-jb.
Oalro&Fulton— let, 7 g.l89llj A J 98I4
Cairo Ark. A Texas-7 g .1897; J A D 103%
120 Oct.
Gen.U'y Alandgr.,5g..l93l!A A Ol 91%
841a June StL. ASanPr.- 6g.,Cl. A.iyoO -M A N^llO
100 Jan.
eg., ClassB
19O0MAN109 b.
3912 May
«g..Cla8»0
1906MANJ1C9 b.
10208 Mar.
General mort., 6 g
193l'J A JilOO b.
101 May B.P.M.AM.— Dak.Ext,6g.l910 M A Nill4i2b.
iBt oonsol., 6 g
108 Apr.
1933
A ll3iab.
113 Juno
Do
98 b.
reduced to 413 g... J A
Montana Extension 4 g..l937 J A D *81 b.
o4 Jan.
.10
May Ban A. & Aran. P.— ist, 6g.l91U J A J 60 b.
96 Sept.
l»t,6g
1926 J A J Bo b.
2d,7B
731a Sept.
8818 July
801a July
1897|M
I
121
Feb.
IO214 Mar.
lieiaMny
89
91
May
May
85% June
105
89
Jan.
May
112% Juno
128
128
118
99
May
May
July
Jan.
11918 Mar.
121% June
llOiaPob.
llUiaMay
UGiaMay
110
119
105
104
117
Feb.
Feb.
Jan.
July
May
110
129
Apr.
Apr.
11113 Mar.
125 Apr.
IO514 Jan.
82
55^8
113
120
June
May
Bhen.Val.— l8t,7g.,Tr. reo.1909
Gen'l 6 g., Tr. roc. aes't'd.1921
'So.Car.- I8t,6g.,excoup.l920
Uioome,6s
1931
So. Pac, Ailz.—6 g
1909-10
60. Pacitlo, Cal.— 6 g
1905-12
1st, conBol., gold, 5 g
1938
;8». Pacllic, N. M.— 6g
1911
iTe»n.C.I. ARy.—Ten.D.,l8t,6g
Btrm.Div.. 6g
1917
iTex. APao.— 1st, 5 g
2000
2d, income. 5 g
2000
109% Oct
103% June
107% Oct
1031a Dec.
July
1021a Doc.
100
84 'a Nov.
110 Nov.
110 Nov.
106 Nov.
105 Nov
114 Doc.
115 Nov.
100 Feb.
90 13 July
115 June
115 Apr.
11413 Apr.
115 June
120 Mar.
120 Jan.
1
1021a June
861a Jan.
Dec.
Dee.
57
59
I
13
I
b.
92
June
8818 June
'..I
90
126%a. 113%Jan.
*56 b. 48 Jan.
10213b. 96 Jan.
i
June
127 Oct
62I3 Oct
10114
14i9
713 Jan.
Oct
0ct
A J *104 b. 104 14 Dec. 108 June
110 b. 112 Apr. 115ia8epfc
A A
A A 100 b. 100 Oct 103% Mar.
101 b. 10413 Deo. 109 June
J A
87
A A
80 Dec. 104% Jan.
90 b. 86I9 Dec. '103 la Jan.
A
J A I> 87
8208 Dee.
90% May
March. 32
26 Deo. 43 19 May
iToL A. A. AN. M.—6g
9513
M
A
N
81
li).i4,
Deo. 1071a Jan.
Tol.A. A. AGr.Tr.—<)g....l921
98 b. 03 Dec Ill June
A
jTol. A Ohio Cent— 6 g
102 b. 102 Jan. 108i4July
1035 J A
7413
jTol. Peo. A West
A
76 Jan. 80% May
1917
4g
iTol. 6t. L. A Kan. 0.-6 g..l9Ki
A T) 84
,83 Deo. 101 Jai
Union I'aoilic— 6g
1899 J A J 113i4b,'ll4iaNov 11818 Mar.
Slnliiuir fund. 8s
1893 M A 8 108 b.;i08 Nov 116»sFeb,
Collat. trudt 413
1916 M AN 72 a. 63 Dec.
90 Jan.
KansasPaclflo— l8t, 6g..isy3 P A A 110i4b.'ll0 Dec. 112i4Juiy
l8t,6g
1896 J A D' oy%b. 110 Jan. 11313 Mar.
Denver Div. —6 g.
.1899 .M A Nlloiab. Ill Dec. 117% Mar.
Ist consol., 6 g
1919 M A Nil08i3 107 Dec. ,118 Mar.
Oregon Short Lino- g..l922 P A A 10.i's
99 Dec. |116i4Jan.
Or.S.L.&Ut'UN.— Cou.5g.iyi;i A A O 791a
79 Dec. 95i4Jan.
U.P.Deu.AGulf oon. Sg.iyay J A D 781a
7313 Deo.
88 Aug.;;
Dnion Elevated- 6 g
1937 MAN 106^3 10513 Dec. IU013OC&
VlrgiulaMid.—Gen. m.,53, 1936 .M A N 80 b. 70 Deo,
8818 Apr.
do
stamped guar.'M A N 8liab. 80 Deo. 90 Apr.
Wabash— let, 6 g
1939, M A N 98 13
93 Dec. ,105A4 Apr.
1939. Ip A A 741a
2d mortgage, 5 g
68 Nov. 8618 Jan.
Debent.M., series B
1939 J A J 31 b. 29 Nov. 57 May
WestSUore— Guar.. 4s
2361 J A J lOO's
9913 Dec 106% June'
West N. Y. A Pa.— Ist, 5 g. 1937 J A J 9512b. 9214 Jan. 102 14 June'
2dmort..Sg.,d9o
1927 A A O 3213
2738 Dec.
40 May
WestUu.Tel.—Col. tr.,53.1938 J A J 99isa. 97 Nov. 110213 Jan.
Wis. Cent Co.— Ist, 5 g
'96
A
J
1937|J
90 Dec. 104 14 Apr,
J
I
I
1
j
.1
.1
I
.1
.1
,1
.1
.1
t
.1
.
!
I
.
1
|
'
1
I
I
3413
28 14 Dec.
1937..
69 Jan.
LatcJt pcioo tuls week, t •• Under the rule."
I
*
BONDS-^ANUAJRY *M.
SECURITIES.
Ask.
Bid.
A Ohio- (Continucdl—
Burl. Ced.
.Mo:i. Riv., lat guar., g., 5a. .1019
Seech Crock— 1st, gold, 4»
1936
Best H. Tun. A W.— Deb. 5a. 1913
Brooklyn Elevated— '.'d, 3-58.1915
103
Iowa
Bid.
A St L.— Ist 7s, ga..l927
A West— 1st 78.... 1000
....
C.
—
I
H\
I
'
.8av.A West.— iRtc»u.BW.5,-.l9.'!>l
!« I. Ml.'
1.
r-..,iv •!,.(>
•\t or V
•
Ask.
Hap.ANo.— (Contln'd)—
Ccd. Rap. I. F. AN., I8t68.102'l
88
l8t, 5a
1921
Central Ohio Reor.— 1st, 4138. I930i 100
CoI.A Cin.Mld
l3t,ex.4ia».I93U
I1212 Tent KH. .t Bank.—Col. e.5«.1!W7
IHi
Bufl.
\
Minn.
84%
05
Roch. A Pitts.— Oon., 58.1937
94
Roeh. APitts.-lst, On
1921 117
do
Conao'.idat'ii l..<t. 6.1.1922
Hurl CVd. Rai>. ANii.- Istna.iyor.
.^s
02%
e I
'''on,<w>l. A eollnt, trust, .'is.
<r., 4io». .1990
.^W^
AOiprlco Friday luene wo tbe^latest quotaUoo* ><>«de Uila|week.|
;
^g
8<!pl. '32
ir^T
106 "a Dec 1 131* May
120
N,
Nov. 128 Apr.
821a
A A Ol 01
88 la IJee.
113',iMi»r.
07 Jan.
'
110 Fob. N. Y. Klovated— 7fl
1906 J A
b, 111
Nov. |117iaJuna
100% July N. Y. Lack. A W.-lBt. 68. .1921 J A J,*]25 b. 130 Doc. '134% Apr.
AnOonKtrnolion, fta
122 Jan.
1023 F A AilO8'3h.,104 Deo, 112 uTay
Ma
128 Feb. K.Y. L.E. A W.-l8t,0on.7g.l020 M A el31>4b.'130'3 IJco, 13919 Jan,
Long Dook, 78
1893 J A D 104'bI). 1031a Dec. llOi+Maf.
1131a Apr.
Cousol., 6 g
116 Jan.
1035 A A
U,i»ab. 117
Dec, 1221s Jan.
105 Apr.
SdoouBol.. 6g
1969 J A D 07
93 Dec. 107 May
IIOI2 June K. Y. Ont. AW.-lBt,6g...l914 M A 8 111 b. 109 D«o. 113% Peb.
CouBol. l«r. Sg
110% Mar.
1939 J A D 93
89 Dec. 101 May
1 18
Feb. N.V.8U8.AW.— l«tref.,5g.l937iJ A Jl 94
90 Deo. 101^ Jane
191ol A A O 111 b, 110 Nov. 118
103 13 Apr.
Midland of N. J.— 6 g
Feb.
73ifl Junii Norf. A W.— lOO-year, 5 glOOO J A Jl 01>2b
03 Dec.
99 >4 June
82 July North. I'ac— l»t, ooup.,OB. I92l'j A J113
113iaNov. '•19 June
a«noral, 2d, oonp., 6 g... 1933 A A Oi 11019
77 May
107 Nov. 110 Aug.
Oeueral. 3d, coup. 6g
1037 J A D1IO7 b..l03iaDec. 1131a May
113'«Jan.
ConHOl inort 5, g
129 Juno
1 980 J
A d! 82Ta 77 Deo. 94 Aug.
NorthPac. A ,Mon.—6 g...l938 M A 8 102 b.l 09 Nov, llOig Anr.
105'e Apr
96 July iiNo.PaolUcTer. Co.— 6 g...l933 J A J "lOS a. 10« Jan. 113 sTay
94i4Apr. OhloAMm.-Cons.s.f.- 7.1898 J A Jill b. 113 Dec. 117 June
<;<)ii«ol., 78
llSiaJunc
1898|J A Jilll b.llS .Dec. 117 June
122 Sept. Ohio.Soutnem— lgt,6g. ...1921 J A 010314b. 100 Nov. 111% May
Uonoial niort., 4 g
100 Jan.
1021iM A n' 55
40 Nov. 68 May
OS'oMay iOmahaASt. Ix)ui8— 4g....l937!J A Ji*.'i4 a. 71 Aug. 80 June
1291.2 May
Oregon Imp. Co.-l8t,6g.. 1910 J A D' 90
79 Nov. 106 May
116%June Ore.K. ANav. Co.— Iat,6g.l9()9 J A Jill b.'l06 Dec. 113 Jan.
Oon80l.,5g
|118%Apr,
1925,J A Di 92ia
921* Deo. 104 ig Mar.
l<)9i4June Penn.Oo.—4iag.,ooupou,.1921iJ A J 10712a. 105 Nov, lloUMar.
i03%June Peo. Dec. AEvauav.- Gg..l9-'0.J A J *95 b. 101 Jan. 100 Apr.
Evansvillo DIv.— 6 g
106 June
1920 M A 8*93 b. 9j Doc. 1061a Mar.
2dmart.,5g
106 Juno
1920 M A Ni*59 b. 57iaDeo.
74 May
90% Apr. Peoria A East, oonsol. 48.. 1940 A A O 751a
72
85 June
Dec,
'^
"
llSia May
Inooine,48
1990 April. 19ia
3419
17 Deo.
June
PUlla. AKead.—Gen.,4g..l9.">8 J A J| 78i8b. 75
11314 May
Nov. 87 Jan.
l8t pref. Income. 5 g
144 Jan.
56
1938, Feb.
50 Dec. 8OI9 Jan.
2d pref. income 5 g
129 May
1958 Pol).
37%
39% Dec. 581a May
3d pref. income 5 g
117 Feb.
27 b. 23 Deo.
1958 Feb.
49 Jan.
llOiaFob. PittoburgA Weatom—4g..l9l7 J A j| 75 b. 72 Deo,
83 May
112 Apr. Rioh.AUauv.— Con.,6g...l915 J A J llikb. 112 Dec. 118i4June
Cou8ol.,&g
lOSiaFeb.
1036,A A 0,*85 b. 83 Nov. 94 June
lOliaJune iRlch.Aw;P.Ter.—Tru8t6g,1897 P A A 97I3
91 Nov. 103 Jan.
Con. l8t A col. trust, 5g.lUl4iM A 8 69
991a June
59% Nov. 83 May
132 May RloG. Western- I8t,4g...ly30 J A J 74'%
68 Nov. 78 iMay
106 la June iR. W.& Ogd.— Con., 59....iy22 A A O 104 b. 100 Deo. 112i4Mar.
lOeiaAug. St Jos. A Gr. Island— 6 g.. 1925 M A Ni 95 a.l 97i2Deo. 107% Apr.
1231a May 8t.L. Ait. AT. H.— Ist, 78.1894 J A JjlOO b.,lloi2Jan. 113 Juno
ad, pref., 7a
97 Jan.
1894 P A _ 108 a.'i05iaMay '"'
Ill Jan.
135 Feb. St.L.Ark.ATex.— l8t,68,t'8t.rtc|
78%
70 Deo. 98% May
I2512 May
18i-ib.
32 '8 .May
2d,68,1936,tr.rec..alla8S.pd.'
IS Nov.
108 Jan. St L. A Iron Mt— let, 7e..l892F A All04ia 102 Aug. 108 JaiL
701*
SECURITIES.
Ask.
UMtiL
2
MAN 101
1903 J A J 125>«b. 120
y. Central— Extend., 58. 1803
1925 10313
1988
gold
Cons, murt., gold,
A O. 8. W.. 1««.
'
Period. Jan.
May
May
PRICES-(Coiitlnued).—/JV:4CrJVE
Baltimore
Alabama Mid.— Ist g., 6a.... 1928
Atlantic A Danv.— lat g., 6«..1917
AU. A Pac— 2d W. I)., g<i. 6a, .1907
Bait A Ohio— lat 68, Park B.1919
a
88
;
Railroad Bonds.
58,
BAILBOAO AMD MHCBL. BOND*. ™?^?' PrU*
Apr.
Apr.
A
A A 97 b. 95 Aug. 10113 Jan.
A J 101 a. 100 July 103 Mar.
A D, 112
1091s Dec. 117 Apr.
A 8] 63%
56 Doc. 67 July
A N lOO b. 98 Deo. 105 Sept.
A J 124i2l>. 125 Deo. 133 Jan.
Inoome, 5 g
a 0I1O6 b. 100 Nov. 111 May
a" price cuketi the Range ia made up from aotoal nMaa only.
NEW YORK STOCK EXCHANGE
IWl, AND FOR YEAS IHMI.
9,
Bidhett.
70>«
ISK!"
<illaruiltcc(l. 4 K
Brooklyni;lovaU>d Ibi O.K. 1924 A &.0* 108>sb. 10719
)IU4
Omi.HoHili.—im Kuar., 011.1008 J <fe J '05
94
lOKiM & 8l O5I3
2,1, ftB
CeiilTiilofN.J.-Cone. 7"..1K91»1 U-J 114 b. tll5
118
UOHib
1002
Con«ol.,7«
Oenerttl morwago, » r... 1987 J &, J J9a^.. 100
I*li.&W.B..oon.7»..a8'i«1.1900i Q--M 110 b. 105
1012MAN*03 b. 97'flDcr.
do inornnwe, ."»»
Dec.
Ani. Dook A tmp., &».... 1021 J & J MOO b, 100
Nov.
Central l'ivoitto-QoldO«... 1898, J A JilllHib, Ill
Ill
Dec.
A
....^...
6g..l911
A
O
Chen. * Oblo.-Mort.
92 "s Dec.
9«%
1930'm
IstooiiHol. 5 k
R.AA.Dlv..l8toou.. 2-48.1089 J A J! 0« b. 04 Hi Nov.
82 July
iBtpou. g.,4..1989 J A J
do
lOSOJA J*08 b. 66 Deo.
2,lcou.,3-4i?
100 Nov.
lOnlF A A 104
0h6«.0. ASo.w'.-Ok
122 Deo.
OUcBurl. AQ.-COB. 7...1003,J A J 121
98 Deo.
9!)
igiaJM
Debenture S8
88 Nov.
F
A,
88
1922
A
Denver BlvUlon, 48
84»s Dec.
Nebnwkn Extenslou 48..1927iM A Nl 88
Ill
Dill
Dec.
A
B.f.,08.1907,J
Chli. Ali. ni.- .'Bt,
112 Deo.
1034 A A Oi'114
CoD«ol.(J«
*95
93
Dec.
M
N
58...1937
A
QeDerolcoiisol. ]9t,
Dec.
Ohto. G»e. L.AC.-l8t, 5g.l937 J A J 'Sliiaa. 90
122 Deo.
Chic. .yil.ASt.l'.-Cou.7s.l905 J A J 120
J 109>4b.'109i2Nov.
l8t. Southwest Div.— 08. 1900 J
llliaDcc.
J 110
iBt, 80. Mill. Div.-68 . .1010 J
J 104 b. 103 Deo
lBt.cni.APao.W.Uiv.-68.1021 J
97 Nov.
J
a.
J/100
Cliio.&Mo. RIv. L)iv.— 58 1026
99 "a Nov.
Wl». JiMinn.Dlv.-0g...lO2lJ A J 100
99
Nov.
JlOO
1914 J A
Terminal. 5 K
87I3 Nov.
Gen.M.. 4g.. 8erie8A....1989 J A J|
Mllw.A North.—M. L., 68.1910 J A D,105>2b. 1051a Dec.
1913, J A DilOO b. 106 Dec.
lRt.ron..68
135 Dec.
Chic. AN. W.-Consol. 78..1915 Q-F [135
123 Aug.
1902 J A D 124
Coupon, gold, 78
113
112 Dec.
1929 A A O
fiinkinKfuudOs
MAN
— AOTIVB BONDS JAN.
<$alti) in IROO.
86
":,'
101%
i8.^i«
THE CHRONICLE
36
fVOL. LII.
NEW YOBK STOCK EXCHANGE VRICES.-INAGTIVE BONDS-rContinuedJ-JANUARY a.
Bid.
BECCRITIES.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
Pennsylvania RR.— CCoit.;
68.1910
Oal. Har. A San
B«ilniail ttntiA^'.—fContJ
2d, 7s
1912 139
1905 90
2dmort.,78
I stork F.irhauge PrUet.)
,„_,
3d 73
1912 131
1931
West. Div., 2d 68
OMtral Paciao-ttold bd», 68, 1895 107>s
Clev! 4 P.'— Co'n'8.,'8.'fdi, "fsilOOO 120
1927
98
Ist, g. 63
Fla.—
So.
4
Ga.
109
1896
0*M bonds. 68
4tB,8iuk.fuud,
08.1892
101
58..
1924
90
Gen.
110% Grand Bap. A Ind.—
18971 HO
0«*a bonds, 88
St, L. V. A T. H.— l.st, 68. 7s 1897 109
Green B. *. 4 St. P.-l st 6s .1911 70 100
1900
Bao Joaquin Br., 68
20
23
2d,
7s.
1898
subg.paid
2d income, all
OH. AOrem)n-8er.B.68...1892
2d, guar., 7s
1898
1937 100 104
...... IO213 Housatonic- Cons, gold 5s
Mort. (fold !5«
Peo.AE.-Ind.B. 4W.- lat,pf .78. 1900 111
N. Haven A Derby, Con9.5s..l918
19001 98
Land grant, 58. g
110
115
Ohio
tnd.AW.—
lstpref.53..1938
1. 78.Tr.reo.
m.
Tex.C—
Ist,
Hons.A
103>»
1899,
Wort. P»cMle—Boud.<i,68....
Peoria & Pek. Union— Ist, 6s. 1021 10914
West Div. 73,Trust receipts.1891 110 115
Vo. Railway (C«l.)—l«t, 68.19071 .....
2d mortg., 4I23
1921
1901 113
60
Ist Waco A Kor.—7s
193s "lOO
cayear 5i
115
122'3
Phila.
4 Read.— 3d pref. convert
29
2d m.Ss.M. I. Trust receipts. 1913
Ofcefc 4 O.-Fiir. M.fand,68.1898,*li2V115'4
Pitts. Cleve. A Tol.— 1st, 6s... 1922 •104
77
83
niort.6s,Tru8treceipts.l925
116
Gen.
IJ^is
1008
••. gold, scries A
-100
Pitts. Junction— 1st 6s
1922
Cfc^aSSo. Weet.-2d,68..10ni 73 80 Illinois Central— Ist, g., 48 ...1951
91
Pitts. Mc K. A Y.— 1st 6s
1951
93
1932
ist, gold, 3133
105
18931 103
CMoago * Alton-lst, 78
110
Pitts.
Paiusv. 4 F.— Ist, 53... 191
Springf. Div.—Coup., 68.... 1898
35
1903 11?>9
Wnking fund. 6«
Pitts. Y. 4 Ash.— Conaol. 53. .1927
1921 112
Middle Div.— Reg., 58
Louta. A Mo. River- Ist, 7S.1900
Presc't A Ariz. Cent. Ist, 68,g.l916
C. St, L. 4 N. O.—Ten. 1., 78.1897
1900
«d,78
2d income, 6s
1897
1916
Ist, oonsol., 78
Bt.
Jacks. & C'lllc.— I8(,7s.l894
Rich. A Dan v.— Debenture 6s. 1927 *100
1907
2d, 68
1894
Ist, guar. {hM),-»
Equip. M. 8. f., g., 5s
1951 *107
1909
Gold, 58, coupon
1898
Sdmort (360). 78
Atl. A Char.— 1st, pref., 78. .1897 *105
1951
95
Memp Div., Istg. 48
1898
Sd, guar. (188), 7s
do.
Income, 6s
1000
Dub. A 8.
2d Div., 78 ...1894 100 110
1flS8.K. Bridtre— l»t. s. f., 09.1912
Rio Gr.Junct.,l8t,guar.,g., 58.1938
77
90
Ced. Falls A Minn.— l3t, 78..1907| 72
93
Ohio. Buri. & Nor.— Deb. 6s. ..1806
92
Rome Wat. A Og.— Ist M., 78.1891 100
Ind. D. A Spr.— l9t 78, ex. cp.l906
cue. Burling. & Q.—9s, s. f..l901
St. Jos. & Gr. Is.- 2dinc
lad. Dee. A West.-M. 5s.... 1947
1925
Iowa Div.—Sink, fund, 58.. 1919
32
Kan. C. A Omaha— 1st, 59.. 1927
1948
2d M., inc. 58
Sinking fund, 48
1919
79
St. L. A. A T.H— 2d m.lnc.7s.l894
Inter. A Gt. Nor.— Coup. 6s... 1909 •72
Plain. 4s
1921
105
Dividend bonds
Oliio. & Indiana Coal— 1st 58.1936
98
Kanawba A Mich.— Mort. 48.1990 71
1894 ' "45" 50
Chi. Mil. & St.P.— lst,88,P.D.1898
li2
Bellev. 4 So. 111.— Ist, 8s...i896 110
Kan. C.Wyan.AN. W.-lst, 58.1938
Bellcv. 4 Car.— 1st, 63
Sd, 7 3-IOs, P. D
L. 8h. A M. So.— C. P.AA.— 78. 1892 1C5
1923
1898
II6I2
1st, 7s, $ g., R. D
Buff. 4 Er.— New bonds, 78.1898 113
Chi.St.L.4Pad.— I8t,gd.g.5sl917
1002
101
lat, I.A Crosse Dlrision, 7s.l893
Det. M. &T.-l9t,73
St. Lotiis So.— Ist, gd; g. 48.1931
1906
lat,I. & M.,7s
Lake Shore-Div. bonds, 78. 1899 116 II713
1897
do
2d income, 53. 1931 "7'9'
Irt, I. & D., 78
Mahon'g Coal RE. -Ist, 53.1934 lOJ 110
Car. AShawt.- Ist g. 48....1932
1899
l8t,C. .SiM.,7s
124
LcIiighV.,N.Y.— l9t gu.g4ia8.1940
99
St. L. & I. M.— Ark. Br., 1st, 78. 1895 1041a, 105 1«
1903
l8t, I. .Si D. ExteiLslon, 78... 1908
1 Jtchf. Car.4 West.— iBt 6s. g.l916
98
St. Lou A S.Fran.— Equip., 78,1895 100 >8
Ist, Ij»C.&Dav., 5s
I/onglsland- l3t, 73
1919
1898 i'li' 117
General 5s
193
97
1st, H. & D., 78
1910
N. Y. A R'way B.— Ist, g. 5s. 1927
Ist, trust, gold, 5s
1987
85
Ist, H. & D., 5s
1010
2dmortff., inc
Kan. City A S.— 1st, 68, g...l916
1927 4219
100
Chicago A Pacific Div., 6s. .1910
Brooklyn & Mont.— Ist, 6a.. 1911
Ft. S. 4V. B.Bg.— Ist, 69...1910
00 [100
MinfTal Point Div. .'is
100
1910
1st, 58
1911
St, Paul ADuluth- lst,5s....l931 106
C. & L. Hup. Div., as
1921
SmithtownAPt.Jeff.— l9t,78 1901 107
2d mortgage 59
1917 100
Fargo A- South., Os, Assu. 1024
iie' Louis.Evans. A St. L.—Con.5s.l939
8412
St. Paul Minn 4 M.— Ist, 7s. .1909 109
114
Inc. lonv. sink, fund, 5.s
1916
Louis. A Nasi). —Cecil. Br, 7s. 1907 102
106
2d mort., 6s
1009 114 116
Dakota A G(. South., 58
1916
Peuaacola Division, 6s
Minueap. Union— Ist, 68
1920 107
1922
«ilc.&N.\V.^U.sc.&L.8.l8t,6s.l901 UOS
St. Louis Di\i8ion, 1st, 68... 1921 118
Mont. Ceu.— Ist, guar., 6s. .1937
116
Do* M. ct Minn.— Ist, 78
1907
East. Minn., Ist div. Ist 53.1908
1980 53
, 2d,3s
Iowa Midland— l8t, 88.
1900
Kasbv. ADecatur— ]8t,78..1900 111
San Fran. 4 N. P.— 1st, g., .58.1919
PeninsuLi— Ist, conv., 78...1898
8. f.,63.-S. A N. Ala
Scioto Valley A N. E.— Ist, 4s, 1990
1910 100
70 !« 73
Chic. & Milwaukee— Ist, 78.1898
10 40, gold, 68
Shenandoah Valley- Inc., 69.1923
1924 100
15
Win. A 81. P.— 2d. 78
1907
50 year 5s, g.,
105
Sodus
Bay
1937
4
So.—
1st, 58, g^.l924
Mil. A Mad.— Ist, 6a
1905
Unified, gold, 48
..1940
South Carolina -2d, 68
1931
57
75
Ott. C. F. A St. P.-]»t, 58. 1909
Pens. 4 At.- Ist, 68, gold ..1921
So. Pac. Coast— 1st, guar., 4s. 1937
105
Northern III.— l8t. 5s..
1910
Nash. Flor. A 8 1st gu. 5s.,1937 101
Texas Central— 1st, 9. f., 78. ..1909
49
O.B.I.AP.-D..M.&F.D..lst4s.l905
Lou.N.Alb.4Ch.— Gen.m.g.58.1940 8OI4 8II4
Istmortgage, 78
1911
IM. -"ss
1905
Louisv. South.- 1st, g. 69
Texas 4 New Orleans— 1 st,78. 1905
1917
85
Exteuidon, 4s
1905
Lou.N. O. 4Tex.— Ist, 4s.. ..1934 "88'%
Sabine
Division,
Ist,
6s
1912
105
Keokuk 4 Des M.-l8t,58..1923
2d mort., 5s
Tex. A Pac, E. Div.- Ist, 68.1905 105
1934
110
Ohio. 8t, P A Kan. City-58..1936
Memphis 4 Charl.—66, gold.!l924 99 105
Third
Avenue
(N.Y).—
1st
58,
1937
115
Minn. AN. W.-lst, g., 5s.. 1934
Ist con. Tenn lien, 78
li.lS 11914
Tol. A. A. A Cad.— 68
1917 83
84'8
Ohic.et. P.A Minn.— Ist.as. .1918
Mexican National— Ist, g., 68 1927
Tol. A. A. &Mt. PI.—6s
100
1919
St. Paul AS. C.-lst, 68
1919
2d, income, 68, "A"
Union Pacific- l3t, 6s
1917
1896 108%
Oblc. A W. Iiid.— 1st, 8. f., 6.t 1919
2d, Income, 63, "B"...
l8t, 6s
1917
1897 11038
General mortgage, 68
'.'
1932
Miclilgan Central—68
1909 115
Ist, 68
1898 112
Op Ham. A D.—Con. 8. f., 8.1905
Coupon,58
1931
112
Collateral
|115
Trust, 6s
2d gold. 4i2»
1908
1937 „„
Mortgage
48
!!l940
Collateral Tinist, 53
102
1907
CIn. I. 81. L.A Chlc.-l»t,g.,48.1936l"....
96
Jack. Lan. 4 8ag.-6s
1891 102
C. Br. U. P.— P. c, 7s
Oonsol.,(!s
1895
1920
Mil.L. 8.AW.— ^onv.deb., 58.1907
97%
100
Atch.
Col.
&
Pac—
1st,
63.
1905
M"<'-i»»>
87
'> 5S.1936!*.;::;
Mich. Di v., 1 8t, Os
S's-/i"i''L- *
1924
Atch. J. Co. 4 W.— 1st, 63... 1905
L.,t;alrodiv.-4a, 19391
'
Ashland
9i'l^; '5''.f
Division— Ist, 68 ..1925 113
120
U.P.Lin. ACol.-l8t,g.,5s.l918
OLCol.
I In, A Ind.— lat, 7s,8.f.l899 116
Incomes
97
<3onsol. sink. fund. 78
Oieg.8.L.&U.N.,col.trst.,58.1919
1914 'US
Mina.4 8t. L.— 1st, g. Vs
19-'7 100
Utah 4 North.— Ist, 7s
1908
^'rUolJ, .59... 1938 106
Iowa
Ext
nsiou,
SSl^'
«'}Si
lst,7s..';!;i909
86
Worado Midland— Ist, g., 6s.l936
Gold, 53
1926
mortg.,
2d
78
45
iggi
Oolumbia 4 Green.— 1st, 68. 1916
Utah
55
SouthernGen.,79
..1909
100
110
Southwest Ext.-lst, 78.. .;'.1910
67
2d,6«
Exten., 1st, 73
80
1909
100
1926
83
Pacific
Ext.-lst, 68
1921
D5I. Lack. A W.— Convert'.' 7s,1892
90
Valley
R'y
Co.
of
O.—
Con.
6s.
1921
104^
105 I.,. I""; * cqiipnient, 69
Mortgage 78
1922 50
70
Wabash— Deb. M., series "A". 1939
1907
;Mlnn. A Pac— 1st mortg., 5s 1936
No. Missouri— 1st, 78
1895 IO534
78.1906 130
2K2:i^"t*^"'^-''>t'
Mmn.S.
8te.
M.
A
Atl.-llt
MorrlsA E»8ex-l8t,7s....l914 140
58 1926
St.L.K.C.&N.— R.E.ARE.7S.1895 1051-2
Mo.K.AT.-K.CAP., l8t,48,g.l990
at. Charles Br'ge- Ist.Us.
i" 1 908
1041*
18911 103
Missouri Pacific— Trust 5s
t„'
1917
92
Wc3t. Va. C. A Pltt3.— 1st, 68.1911 '100
19001 114
^^^"••iMobile
A
Ohio-lstext!, 68::.i927 IO6I2
Wheel.&L
E.—
?',"' 1«71
1st.
os,
gold.
..1926
19011 124^
"lOl
106
St.
L.
A
Cairo—
48,
guar
74
1931
(W.D.l- l9.g.,58
1915-134 136
1928
__ ,l".,<'on., guar., 78
Morgan's La. A T.-lst, 68.. 1920 107 116
,t-'«"»!-l8t, 78...189] • 99'8
ITIIticellaueousltoudH
1st, /.9
i.Av,'"'1st,
extension, 7s
1018 1191s 120 Am. Water
Co.— Ist 6s
1891 loi
1907
Nash. Chat. 4 St. L.-2d,"fi.s"l90l 103
107
let con., gold, 5s
97i»
1907
New Orleans 4 &;««-] st,^'! 1126
i'a, Div., coup., 78
Boston Un. Gas—Tr. cer. 5s.. 1939
1917! 140
a.
O.
A. No. E.— Pr. 1.. e Rh 1 01 "i
Albany A 8u«|._lst,gu.,78'.1906 V19
Cahaba
Coal
Min.—
1st
g. 78. 1907 108
N.Y. Cent -Deb. g.is^;.^.«:;i^Ji
100
Col. 4Hock. CoalAL—68,g..l917
190«l II6I2!
116
98
pi^l'^'T- '«"»'••. 68
£• I- Jiinetion-Guar. 1st, 48,1986
'
loo's Consol'n Coal— Convert. 63... 1897 105
™»J'- 78.192] 138
147
107
nSfv^r rui\r}?^j5."-~^'t'
'^«- 48.1903 104
Consumers Gas Co., Chicago— Ist
V V 2-N
nSJ Lb '^.^';'''-l»<' «8--19t)8
Northem-lst, g.. 58.1927 104 108
guar. 58
oJ'f"
81
1936
82
*XU
48
J f)*>'7
44
""-lot, 78. 1900 •1121s
48
Edison Elec. 111. Co.— 1st, 5s.lU10
93
VSST'?^'it
N. y; Susq. 4 West-id, 4i^'l937
xnrlsioual
Sa
looX 100
72
Equitable G. A F.— 1st 6s
1905 86 100
Gen. mort., 5s, g...
1st cxt. gold, »«...
1940 80
inS?
90 |Hackcu3ack Water— l3t, 53. .1926
North'n Paoi„c-5irtd'd8'6rip ext
Henderson Bridge— lat g. 68.1931
James River Val.-lst, 68. ..1936 100
Mobile 4 Bi™.-lrt,i:;5i-}S3S
Iron Steamboat Co.—6s
1901
Spokane A Pal.-lst, 68..
Alabam, Contral-ufor^
1936
100
Met.
Tel. 4 Tel.-l8t,8.f.g.58 .1918
.{gjl
Sl.Paul A N. P.— Gen »s 199^
nrie-lst, extended, 78.
1897 113
Nation';
Starch
Mfg.—
6s,1920
1st,
•10213
HelenaARedM'n-1 St
Sd, extended. 5s.....
68 1937 100
ibiZ
102
Northwestern Telegraph—7t„ 1904 103
•d.exlindrd. 4«»»..
g||j->'h;^:Manito.,a-ls?^*&i^i^ 103
{nio 114 1181s
People's Gas A Coke > 1st g.69,19t)4
108
^extended, 5s
1920
"'"'?"'-l''«'«-1937 IOOI2 101
V.
Co., Cliicago
112
f?S ;f,P
JV
J2d g.6s,1904
OoBur
8«b, extended, 4»....
d^Alene—
\mi
l8t,6a. ^old.1916 103
Philadelphia Co.— 1st s. f. 68.1898
Gen. l8t, g.,69
lat, COM., fd. coup., 78.
1920*'"'
..1938
100
West.
Uuion Tel.—7s. 1875-1900 116 120
185
„Ceut.WashiuKt«n— I't,. .,68.1938
Woodstock Iron— let, g. 63. ..1910
.iNorfolkAWestT-iaeiiJi; 6s. 1931 117
Unlisted HoudM.
i'38'
New River, Ist, 68..
....1932 IIII4 1121s Ala.4Vick3.-Con90l.5g.,1921.A40
Imp. 4 Ext., 68...
5?!l«?~»P-.6«-....:.
....1934
19691 'sS
2d M., income till '94, 1921. .A40
beome,0«.
Adtuatment
M.,
,„™
78
....197'
....1924
Vlcks. A Merid.,l8t 6s, 1921.A40
75
iM. 4 a. W.— Mortg. 'ds "
Eauipment,58.... "" ....1908
1 OOH
Atlanta 4 Charl.— 1st 78,1907.J4J
CUncTi Val. l8t Si)
1957
9438 95
ComstockTun.- Inc4s, 1919.M4N 30
i'da' lOgd.ALakeC'
35
con. 68.. 1920
Georgia Pac— 1st 6s, 1922....J4J xlOS 107
Ohio 4 Misa01. 78. ..1911
120
Consol. 5 g 1923
AAO 65% 66 >4
SpriugfleM
..»78
1905
111
Income,
5 g, 1923
AAO 14 18
General 5
1932
Little R.A Mem.- Ist 6g, 1 937.MAS
116
Ohio River J>
63
65
MtVernon-iat ««....'
1923 103 107
,58
1936
Mem.4Charl.-Coi)8.7g.,1915.JAJ 112 11«
General m^
'd, 58
1937
N.Y. 4 G'd Lake— Ist 68, 1908.F4A
Oregon 4 Cam,,
25
,..1—
1st, 58.1927
2d mort., 63, 1908
l'2'2" Oregon Imp't—
1st con. gold76.".°?-:.'"-Ji^2l
F4A
12
6
Cons., g. 5s
193')
lOOij
StL.Ark.ATex.-lstls.Whenissu'd
Port Huron-lst. 6«
68
67
Igsol
g. 58.1919
2d 48, Income.
90
Wiieu issu'd
yu. Gen. 4Pen. -i,tVa;^::}
PenS'
IV^h^^ff'-A
37
32
g?g|
St. P. E. Gr. Trunk-6 g.,1913.J4J
V\tU
West. Nor. C.ir. cniia. Ha
i. ,
• Ko price Friday; tliese
1914
are tUe latest (luotaUons
made this week.
Ant.— 1st,
,
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W
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C—
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I
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Jamuabt
3,
THE CHEONICLB.
1^1.]
Latest Sarplnas Kepurted.
JttUCSttttCttt
BOADS.
Week or
Mo
1890.
Jan. I
1889.
to
LaUtt Data.
1890.
1889.
AND
3dwk
Vlor. Cent.A P.
Rio iir.
Pt. W.
A
•
33.883
21.138
9.9S1
188,200
69,000
39.624
8,103
3,173
50,903
367,897
81,768
21,506
5.138
148.768
Dec.
November.
Ua. CWIa dt No. October...
(ieorna RR
'Octob(5x. ..
O«o. bo. A Kla.. Novomner,
Or. Rap. 3c Ind.. 3d wk Dec,
Oiu.R.ft Ft. W. 3d wk Dec.
Otber llnea. .. 3d wk Dee.
Total all llrie.<<. 3dwk Dec.
Supplement, a pamphlet of 150 pages
tables of the Funded Debt of States and
CUieJi and of the Stocks and Bonds of Railroads and other
Qraud Trunk. .. iWk.r)ec.'20
CUlo AUr.Tr. WkDec.20
Companies. It is publislied on the last Saturday of every
Det.Or.H.AM WkDcc.'20
^ther month viz.. January, March, May, July, September Guir 3c ('bicago. iNovcmber.
October.
«*ui Not)ember, and is furnished without extra charge to all Housatoni(^
Hum«Ht'n.trt1ieii November.
rtgrilar subscribers of the Chronicle. Extra copies are sold lU.Cen.dll.ASo.i November.
Cedar F.,.tMin. November.
"fe mibscribers of Vie CHRONICLE at 60 cents each, and to others
Dub. i81o'xC, .November.
Tfie Invrstors'
mmtaina extended
—
•mt%\.per copy.
The General Quotations of Stocks and Bonds, occupying
'tbe pages of the Chronicle, are published on the third
'flsturday of each month.
RAILROAD EARNINGS.
IjaUst Earnings Keported.
WeekorUo
BOADg.
1890,
1889.
Jati. I to Latett Date.
1890.
1889.
$
•Alab'mn Mioor'i November.
-A.Ue«rDt^nv Vai.
^tl•^h.T.&8.Se..
October. ..
3dwk Dec.
wk T)eo.
wk Deo.
-6t U&SanF.. 3d wk Dec.
Half owned.. 3d wk Dec.
Tot.S.U&8.F. 3d wk Dec.
3d wk Deo.
Akk. total
Half owned
.
3d
.
Total Hvswni.
3rt
.
& Cliar. October...
& Flor'a November.
•Atlanta AW.Pt November.
Atlanta
Atlanta
Atl.
.li
DaDville. Seiitcmb'r.
19.439
247.368
6-20,166
32,160
652,326
126.703
3 1, .561
1.58,261
810,349
160.503
12.844
45.649
39.726
iRAO. Kast Lines .November. 1,518.267
We8t<*rn Liu08 Noveml>er.
477,458
Total
Novemt)er. 1,995.725
BBLAO.Southw. 3rt wk Dec.
45,585
Bftlt. A Potonno November.
BiUh&Ham'dpt Oct(>l)er. ..
Beeoh CreeR
t'eptcmb'r.
Blr.Sh.ATonn.R Novc uiber.
Butt.Rooh.A Pin 3d wk Dec.
Biir.C.Rup. 4-N.
Qinirti'n
&
3(1
wk
Dec.
November.
Ati.
Atlantic November.
OiiuaUlauPaettlc 3d wk Dec.
CtKK'r&Yad.Val 3d wk Deo.
!T.in:irta
Oen.KK.&BK.Cn November.
15i.549
5,700
86.280
17.03
39,513
75.503
42.058
43,594
368.000
13,004
876,730
Ofint.N.Eug.AW November.
60,79'i
Ouii-dI of N.J. November. 1,231.292
OeiitralPacifio.. October.
1,665,151
.
tJeutralof 8.C.. October ,
10.938
Oentr'l Verm'nt. Wk Dec. 20
56,950
K.lx>nd(>u Not WkDcc.'iO
9.277
ORd-ALakeCb Wk Dec. 20
13,585
Tot. jjy.stem. Wk.Dec.27
78,476
Ctiar.Cin. &Cliic October. ..
17,672
CIiarI«5Sl'n&Sav November.
57,501
Cbar.Siiin.&No. October...
12,231
Chat.R'nitiACol. November.
32,200
CItalt'n'paUui'u November.
9,445
Wieraw. &Uarl. October.
13,663
Cbe«. AOIilo.... 3d wk Dec.
132,931
CtoM. O. & 8.
Nivember. 203.928
Ooe.'i. & I.,«-Dolr
October. ..
8,608
CSilc. Burl. & Q. November. 2,872.681
CIlic.A Eaat.IlL 3d wk Dec.
82,300
Cfcli-.Mil.&St.P id wk Dec.
562,000
Cbi<-. AN'thw'n. November. 2,538.970
Cluc-.Peo.&St.L. Seiitcmb'r.
40.125
Cbif.Rockl.&P. .Vovcmber. 1,330,114
CMc.St.P.&K.C. 3(1 wk Dec.
76,104
'Ckic.St.P M.&O. .Vovembi r.
677.727
.
.
W
.
•Otilc.
& W. MlcU
dJipuowa Val
..
3d wk Dee.
No\ember.
'On. Ga.ife Ports. Novemlier.
Jack 3c Mat'. 3d wk Dee.
•an.N. O.&T.P. 3d wk Dee.
-Oin.
Ala.Ot.8outli.
K. on. & N. E.
AU. & VIoksb.
Vlcka. Sh. & P.
3d
wk
Dec.
3d wk Dec.
3d wk Dec.
3d wk Dec.
3d wk Dee.
Northw'n. Noveml>er.
Erl;uii;er Sj-hI.
•Cinii.
an.Wal>.&Micb. November.
'Onr. Akron jtCol 3d wk Dec.
•Oev. A: Canton.. O('tob»^r
0.(^1 n.Cli.AS.L 3d wk Dec.
F«a. >>: Kast'n. 3d wk Dec.
'Omv. V larirtt;! November.
OaUM litllaiul. 3d wk De(^
eW-U. V. &Tol. Nov*;mber.
Oriusa & Lake. No^'ember.
OoTiu. & Macon. Noveral)«r.
.
.
Qunborrud Val. Weptcuib'r.
Day Ft.W.ACli.. November.
'OeaT. & Rio Or. 3d wk Dec.
Den Moln. &. No. November.
DeaM. dcN'west November.
:i>«t.Bay C.&Alp 3d wk Dec.
Det.Lans'gtSiNo 3d wk Dec.
l>alutbB.3.AAtl 3d wk Dec.
K.Xpnn.Va.&Ga. Scptemb'r.
Kuozv. iSc Obio Soptemb'r.
Tatal system. ill wk Dec.
BteinJoL.VEast. October. ..
miz.y^x.&ii.».. October...
Bapii-e.VlVlilin Nov(^mbcr.
B««na.<&Ina'pll»' 3d wk Deo;
Taniiv. ii T. B. 3d wk I>ec.
'Itirbliiiri;
October. ..
'JPIhit.&P.Marq. 3d wk Dec.
27,912
13,241
5.472
12.9:-!9
77.097
42,010
27,'i91
18.228
16,026
180,654
1..549
52,280
17,170
58,141
266.562
33,808
29,887
40,216
275,0.38
2,158
1.5,004
98.906
41,5Z8
173..500
10,433
16.303
8.070
19,.574
29,8.50
609,210
51,644
153.054
39,779
70,810
3.162
6.826
20.824
039.08
.54.434
23,218
242.948 2,172,511 1.968.857
597.633 30,400,489 25,740,603
25,451 1,6.33.963 1,414,219
623.084 32,034,449 27,154,818
145.329 0,377,233 0,844,048
24,767
170,296
793.380
153.182 1,3/1,161 1,225,579
12.326
12'2.S20
81.873
47,913
4'27,324
413.730
3rt,015
367.031
270.381
,.506,378 17.0i»4.420 15,691, -^21
453,071
5.206,683 4.604.878
,959,449 22.301.103 20,296.100
45,390 2.289.133 2.117.724
152,87
1,569,993 1,500.-253
3.919
70.759
743,029
582,112
13.389
33.614 2,133,652 1,9'66',676
62.830
38,588
693',356
760,605
39,965
298.000 16,082,349 14.970,184
1 1,398
546.13
391,195
828.974 7.834.260 7,180,250
39.980
,172,311 12,480.829 1 2,385. -yS-T
,538,760 13,292.629 13.208.550
11.294
95,499
84,228
59.780
9,472
12,957
768,050
686,176
82,708
12,573
106 902
57.468
614.962
549,083
3,410
58.421
24,913
332.43'.'
31,497
252,0-J2
8.186
106.194
98.926
10,490
88,763
70.845
127.771 7,510.052 5.977.H02
189,713 1,948.'244 1,937,998
7,039
63.586
60.273
,967.378 32,314.8.54 30.867,840
64,900 3.165.520 2.61H,740
538,571 26,071.563 23.-207.9sS
,513.433 25.8.55.03-.; 21,0O-.'.:U7
37,129
299.485
26i',785
,394,255 1.5,617.998 13.30-1,033
89,5J1 4.-250,735 3,334.119
668,937
6,274,536 5,839,103
1,551,618 1,343,357
15,546
3.384
61.604
60,680
11,310
656,796
607,438
81.209 1,312,980 3.809,330
45,649 1,899.540 1,838,774
28,951 1.200,905 1.021.265
63'S,S04
13,983
588, S83
19,764
595,470
.594,124
191.556 8,667,699 7,852.178
1,694
17.595
18,483
41,432
534,760
439.927
8-29.944
14.632
722.180
44,122
362.423
470.598
250,828 12,816,196 12,302,024
32,881
246'.729
22.687
366,696
27.650 1,840,258 1,.557.265
228.383 2,776,180 2,301,336
2,.5(M)
21,391
24.233
14,735
133,400
100,330
86.983
43,902
458! .507
4,56i6"4d
153.00O 8,338.586 6.789.51
10«.88(i
56.'283
5.100
]6-l.!>(i5
17.231
198,745
6.634
47."J,315
504,393
19,685 1,176.2 43 l,096,lii7
30,>i01 2.176.015 1,882,2.50
523,.573; 4.928,132 4.065.404
51.446
424.289
.509.385
151,696 7.314,318 6.217.151
39,624
227,099
4 12.794
77,3921
6S2,.504
683,308
1.333
32.991
12.289
6.040
293,641
303.833
19.704 1.0l2.7(i0;
911.292
650.161 .5.373.341' 4,9.54, <i81
48,772' 2,«<32,870 2.302,653
24,-J03
29,923 1,172,157
10,138
4,S48
08,973
176,803 1,485.148
33,878
068^847
39.402 2,537,398
8,0<24
46\46l
3,809
211.269
3,204,330
31, -.236
28.931
,320.729
290,280
,236,845
434,713
386,975 19,473,90<J
82,496 3.068.006
22,074 1,096.200
15.(100
,100,239
4,551
.')0,884
134,337
17.627
1,308.5'26
200, 1
4»
,871,.50»
,48H,tt3a
,533,783
,033,5-JO
39,.'J8l
,045,.50(»
151.798
110.131
,377.302 13,18.5,8,55 12, 833, (»l
7,855
90,052
87,303
203.102 1 66,.555 1,879,758
,831,947
lowallncA
November. 213.033 174,410 1.969.810
,719,251
Total all .... November. l,673.,501 I .351.712 15,1.56.667
,552,852
Ind.Dec.&West. November.
38.433
30,332
410,538
365,571
Interoc'nic (Mi) October. ..
134.000
85.076
Iowa Central. 3(1 wk Dec.
40.528
38,803 1,638,820
,487,221
Iron Railway.
Novemlier.
3.124
2,986
33,786
37,730
J-k-nv.T.&K.Wo October. ..
39.714
42,260
442,082
424,494
Kanawlia.VcMicii 3d wk Dec.
5.630
5,298
331.122
272,880
Kan. C. Cl..<tSp 3d wk Dec.
10.372
6,165
424.699
266,994
K.C.F.8. i.Mem. 3d wk Dec.
92,911
105,997 4.676,568
666,535
K.C.Mem. JcBir. 3d wk Dec.
28.322
27,751 1,188.113
038,207
Kentuck.v Cent. November.
98,026 101. .579 1,001,041
975,843
Keokuk & We.it. 3d wk Dec.
7,439
8,389
359,554
343,578
KintitAt'n & Pern. 2d wk Nov.
2,972
2,096
Knox. CO. it L.. 2il wk Oct.
3,762
L. Erie All. & 8o November.
4.800
5, 535
61,839
.57,468
L. Erie* West*. 3d wk Deo,
61.008
36, 601 2,967.016 2,743,300
Lebii;h& Hud.. November.
27,131
20, 4J0
321,528
248.347
L. Rook A Mem. -2(1 wk Dec.
17,585
17, 189
569,650
577,083
Lonx Irtland
November. 295,588 217,,829 3,693,493 3,279,801
Loiit».& Mo.Uiv. Septemb'r.
38,119
4S,.271
303.634
331,7.53
Louis.Ev.&St.L. 3d wk Dee.
28.147
22,,313 1,296,353 1,122,'223
Louiav.&Nashv. 3d wk Dee. 383.265 391,,238 18,671,512 17,536.44»
Loui8.N.A<StCb. 3d wk Dec
51,820
44,,367 2,364,809 2,410.934
1,462.468
9.931
—
N.A&Cor. November.
«c T. 3d wk Dee.
Lou.St.L.ATex. Ithwk Nov
Louifl.
Louiav.N.O.
LTnchb.&Dur'm November.
Mempbis 3c Cba^ 3d wk Dec.
tMexlcan Cent... 3d wk Dec.
(Mex. National 3d wk Dec.
(Mexican R'way Wk Nov.22
Mil.L.Bb. 3c West 3d wk Dec.
.
Milwaukee
3c
91.0.50
No SdwkDee.
24.,844
9.,011
134.,762
200.,023
803,.455
24,,744
7,,124
289,,079
142,200
197.357
812,929
27,969
7,340
344,785
43.917
328.827
23.743
19.117
November.
&W.
H. Y. L. E.
November.
N. Y. Pa. &. Olilo October...
N. Y.&N.EuK.. November.
N. V. ANortb'u. November.
N.Y.Out.&W.w 3d wk Dec.
N.Y. 8uaq.&W.. November.
Nortolk&West 6 3d wk Dee.
.
NortU'uCeutral. Novemoer.
Northern Pacittc .3d wk Dec.
3dwk Dec.
Ohio .St Miss
Ohio & North w.. November.
& Maynv. November.
3d wk Dee.
Ohio Kiver
November.
Ohio Southern
Ohio Val. of Ky. 3d wk Dee.
.
Omaha &
734
843
13,661
54.952
4.346
45,070
12, 482
53, 289
3, 650
St. L.. November.
Oregon Imp. Co. Oi^lober... 414.646
Penu.'iyivanla .. November. 3,659,867
16.873
Peoria Dec. itEv. 3d wk Dec.
Petersburg
-November.
Pbila.
Phila.
October
& Erie...
& Read'g
Coal & lion Co
51, 859
390, 362
,192,,800
14, 033
36, 371
493, 103
39,531
508.009
. .
October.
2,123,831 ,930, 114
October. .. 2,151.900 .230, Oil
TotalliothCos. October. .. 4,-275,731 ,160. 123
3,067
1,,829
Pitts. Mar. 3c Ch. November
138.900 121,,584
PittsI). 3c West'u October.
13.,'271
49,764!
Pitts.Clev.&T.; Ociober. ..1
23,,831
Pltts.Paiu.&F. October. ..i
30,478:
39.051
Total system 3dwkDee.
38,,368
98,6811
88,,914
Pltt.Young.&A. November.
October.
34.793
Royal
30,,851
3c Aug.
Pt.
44.4881
41, 621
Pt.Koy...tW.Cai. October. ..
14,7631
11.,929
Pres.&Ariz.Cen. November.
21,375
20,,830
QuincyO.&K.C. November.
503.
,000
November.'
531.300
Rii'h..icUauvillo.
Vir. Midland.. November.
204.030J 183.,900
.
. .
2,998,080
363,496
102.115
1,812,366
6,187,008
3.625,082
3,636,021
3,745,335
3.736.554
3,412,460
112,039
1,363.206
1,851.260
7,777,931
100.398
1,321,608
1,473,171
6,974,155
i
November.,
November.
November.
November.
Nov»mber.
November.
3d wk Dec.
Pctersb. November.
.
Wch.
<t
Bio Gr. West... 3d wk Dee.
Rome W. 3c Ogd. October. ..
8ag.Tu»cola&n. November.
8t.L.A.\l-.H.B'5 3d wk Dec.
8t.L.Ai-k..\t Tex. 3d wk Dee.
Bt. PaulAtDurth November.
I
3.5.50.637
8,
11,925
336,235
8,902
31,100,
103,616
142,304
170,220
11.288
46.667
41.6661
10.190
33.733
19.703
1,230,3311 1,170.315
404.728
41.5.570
i
241.672
2,1 87.032;
1.273,910l
274,155
3-29,899.
123,506,
230,549
5.107,696
2,121,909
853,621
786.418
865,992
1
170.,.590
9.,376
l,727,'33l
117,.4571
123,.78h!
.221. ,3116,
3.990.(110
1,;J78,793
9.161. Ii9
626,00<>
1
1
938
HO 693
13,
212.606
2.115.203
1,0.50,150
255,9.50
283,487
117.108
225.'279
5.010.113
1,949,731
807.O6O
690.381
795,1'26
1
,021. (>99
3.700,6.54
1.211.081
8.003.012
331.612
790.766
.427 ,(i47 10.811,833 9.32s. 400
1
.663 1,501.68 t 1 .2t>li.tii>0
739.8.53
778.215]
9 .354
18 ,946
71.-229
7.380
117.000
698
1.306,878
139.889
113.974
132,698
10..k'H
110,671
298,,015 12,920,'201 11,638.675
270,113
25.,5971
307,190
24,,0501 1,^73.191 1.110..50S
353,,7411 3,310.711 2.i;63.'234
UM).339
97,502
7.,4S<7
25,,840l 1.289,882 1.07'<.9t9
12,280|
-303,000,
25,775!
32,700;
P.Min.&Man. .November. l,37(i.649
164.797
Eaf^t. of Minn. November.
HnutauaCent. November. 115,3(i8
Total Sya'iu. November. 1,536,«I4
S.Ant.i&Ar.Pass. Novemlier.
B.h"ran.&N.Pac. 3(1 wk Dec.
8av. Am. 3c Mon. November.
aclotoVal.diN.K October.
BeatllcL.S. 4 E. 3dwk Dec.
Sneuauiloah Val November.
aiouxClty&No. October. ..i
86, 372
99..436
71.,33S
96,300
97,100'
79,370;
176,600|
8t
.
1.696,158
6,110,022
577,-288
669, 455
480,942
508, 7-27
224, 443
162,886
554, 431
463,567
3,762, 051 3.371,175
60,896, 910 56.019.181
705.467
748, 303
4-^8, 439
4'29,I24
4,317. 487 3.910.124
17,383, ,738 15,907,85
.
CUar.Col.&Au.
Ool. tfc Greenv.
West. No. Car.
Georgia Pau
Wasb.O.A W..
Ashv. &Si>art.
Total Sys'iu.
2,836,369
234, ,296
219,786
3,096, ,527 2.731,558
387. 403
293! 989 3,437 ,432 3,196.166
20,,117
246 ,661
223.023
21,,0l)8
138. 373
160.111
3,099,381 ,113,,103 33,174, ,685 33.075,068
2,514.425-2 .479,,171 '26,824, 065 23,321,162
635,929 672, 058 6.016 .322 3,432,282
506,715 491..348 5.546 .316 5,177,-238
36.636
43,,131
474 192
538.985
45 853
36. 232 2.271, 101 1.929,070
143,119 133, 346 1,462 035 1.278,-230
168.786 173.,655 7,389 ,007 6,323,168
65,598
51, 301
380 0'29
494.068
536.141 528,,151 6.125, 337 3.569,730
495,7s0 311, 326 23.676, ,932 21.362,352
94.266
93,,730 4,031, ,857 4,008.339
198,8'26
19,142
19,,000
207, 371
N.Jeraey<kN.Y. November.
New on. & Gull November.
N. Y. C. 3c H. R November.
Col.
r>9.,6-26
10.1-28
.
N'tbca.^fn(S. C.I ()ctober.
883
100,,121
9,,264
2,,630
63,,797
135,,438
71,,877
73,,983
53,570
34,749
Mineral Range
November.
Uluneap. iSi8t.L. November
M.St.F. <k8.8.M. Novemlier.
Mo. Kan. 3c Tex. November.
Kan. C. & Pac. November.
Mobile i&Birm.. 2(i wk Dec.
Mobile* Ohio.. November.
MontereyAM.G October...
Sash.Oh..SiSt.L.
919
112,501
11,620
13,800
58.085
139,831
83,208
.681
.651
353.454
599.196
411,024
1,216.289
247,6821
133,313
277.759
873.712
THE CHUONICLE.
38
Latat Bamingi
Roads.
WukorUo
Reported.
Jan. 1
1890.
to Latest
Dau.
The following will furnish a
results for a series of weeks past.
1889.
1890.
1889.
144,000
11,438
November.
.
Bpar. Un. 4 Ool., October. ..
Bo. Paolflo Co.—
Gal liar. AS. A. November.
H
November.
Y T. *Mex. Novombor,
Tot»lorall"lOctobir. -
B« Pae. RR.—
Ko. Dlv.
,
224,271'
October...
(Oal.)
Bo. Div. (Cal.) October.
Arizona Div.. Oetober.
New Mex. Dlv. October.
103,505
3,606,230
422.531
993,592
107,SSS
4,780,905
033,681
170,375
202,901
25,157
25.552
180.20B| 1,735,697 1,566.976
1()9.648
11,118,076
28,081.992
4,928,310,4,624,136|39,824,030| 3S,514,272
Mor(?an'8l'&T. November.
641,269
205,823
..
-.
201,401 1,964,538
547,769 5,412,988
175.023 1.673,399
866,653
77,825
945,815
64.476
50.207
2.692
101,680 1,013,583
880,212
95,376
71,106
6.801
193.673
10,918
108,268 7,039,033
21,782 1.059,877
296,401
5.681
28.106 1.496.491
98,691
8,216
896.423
18.585
31,010 1,474,841
24.370
2,746
319,498
30,415
1,832,086
5,119,868
1,529,149
783,010
102,5511
..
876,489
65,000
Btaten
47,335
2,496
BtonyCl.4C.Mt.. October. ..
1,099,621
Bummit Branob. November. 119,075
837,334
79,903
Lykenn Valley November.
60,156
7,108
Tal.A CoosaVal. November.
171,112
24,098
Tenn. Midland. November.
6.663,672
179.645
TeiaaAPiVciflo. SdwkDeo.
925,042
20,080
Tol.A A.4N. M. l.'itwkDoo
245,474
4,913
2d wk Dee.
Tol. Col. * Cin
1,253.649
39,105
Tol.A Ohio Cent 4th\Yk Deo
87.508
10.756
Tol.ik O.Con.Ex. November.
876,709
19,755
Tol. P. A West.. 2d WK Deo.
998,054
32,160
Tol. St. I.. & K.C.'2d wk Deo.
23,237
2,063
Tol.ASo.Haven (November.
278,421
32,408
VlRler A Del . . Ootober.
Union Paciflo—
701,520 633.742 6,210,214 5,372.414
Or. S. L. & U. N. Ootober
Or.Ry.&N.Oo. October. .. 595,846 546.855 3,910.667 3.762 939
35.937 1,253,208 1.185,466
20,685
Bt.Jo.&0'dl8l. 2dwk Dee.
575,985 504,3971 4,775.432 3,743.413
TJn.Pac.D.&O. Ootober.
2,329,842 2.504,263 19.845.726 18.516,5.i4
All otb. lines . October
Tot.U.P.8ys; November.'3;993,124 3,722,510 39,852.908 36,096,791
._•
V?'t >v^»„k.™
nn
RJ3
on
r.Ra
«<f47
371
662.444
662,444
857,371
95.6691
76,613
Ootober. ..
Cent.Br.&L.L.
Tot eont'led Ootober. 4,383.335 4,397,096 38,717,154 33,036,724
624,110
786,839
80,3271
97,4611
Montana Un . Ootober
24,549
26,383
3,0641
3.448,
Leav.Top. A 8. Oetober
28,047
81,679
3,717
4,464
Man.Al.ABur. October...
338,353
422,453
43,554
52,6861
October.
..
-Jolntown'd.'i
Grand total. Ootober. .. 4,436.022 4,440,651 37,139,607 33,37.5,077
233.792! 2,468,407 2,109,717
U.B'kYds.AT.Oo November. 244,355
175,677
178,728
14,902
14.430
Vermont Valleyi November.
261,903 12,663,004 12,638,886
242,569
3dwk
Deo.
Wabash
6.043
,475
"Wab. Chest&W.' October,
497,621
63.192
499,600
56,507
Western of Ala. 'November.
November. 11 4.478 102,695 1,525,412 1,423,171
West Jersey
691.068
895,694
93,884
71,817
Novoraber.
W.V.Cen.&PlttB.
8,310
8,929
WesfV. A Pitts. November.
3,362,934
65,90O
3,612,901
Deo.
65,300
Pa.l3dwk
A
WrsuN.Y.
886,931
21.548
19,597 1,132,581
"Wheelln(i:&I..K.'3dwk Dec.
713,793
101,371
803,937
96,010
Wll. Col. A Aug. Ootober. ..
86,2931
88,231 5,086,677 4,185.438
"Wisconsin Cent. 3d wk Dec.
9.039'
73,517
7,018
82,540
Wrightev.ATcD. (November.
I.
Uap.T. November.
.
.
.
1
.
.
.
.
I
. .
.
^
.
.
Period and number of roads
1890.
1889.
includad.
4tli week of July (88 roaSsV
Ist week of Aug. (89 roads) .
2d week of Aug. (89 roads)
3d week of Aug. (88 roads).
Itb week of Aug, (88 roads).
1st week of Sept. (87 roads) .
3d week of Sept. (87 roads).
3d week of Sept (91 roads).
4th week of Sept. (84 roads) .
1st week of Oct. (90 roads).
roads) .
2d week of Oct. (90 roads).
3d week of Oct. (89 roads).
4tli week of Oct, (92 roads).
Ist week of Nov. (89 roads).
2d week of Nov. (89 roads)
3d week of Nov. (89 roads).
4tli week of Nov. (92 roads)
Ist week of Deo, (91 roads).
2d week of Deo. (89 roads)
3d week of Deo. (85 roads)
$
$
.
*
Ft Wayne
Cln.
A Lonisville inoluded for both
years sinoo July
1.
a New ooal extension operated since July 21 in 1890 and Utica Clinton A Bins, inoluded for both years smoe July 1. b Includes in both
years Scioto Valley Dlv, from Feb. 1 and Maryland & WashiuKton Div,
(Shenandoah Valley) from October 1. I Mexican ourrenov, D Main
Line. 1 Prom October 1 1890, the Great Northern runs Its own trains
over the Eastern's track from Hinckley to West Superior.
,
Latest Gross Earnings by
Weeks.—The
latest
weekly
eamingB in the foregoing table are separately summed up
as
follows:
The completed statement for the third week of December
shows 5-34 per cent gain on 85 roads.
34 Kiek of Deetmber.
1890.
PrevHy report'd (33 roads)
At Top. A 8. P. system.
Roads J'tlv owned ij..
BttonlsJSS. Praii
Ronds J'tly owned >».
Bait A Oh 10 Houthw
-
BurllORton c. It. A No...
Cape Fear A Yadklu Val
Cbiraeo <V Kasu Illinoi<i
ChicaKoHf. P. AK- CltyChicaco AWcst -Vlichican
Cinciunuii .lack. A MaoR.
.
Cln.N.O.AT.P (5road8)
Cleve. Akron ACoI
Cleve. Cln. CMc. A 8t i-.
Peoria A Eastern
Colorado Midland
Denver A Rio (jrande ...
Detroit Bay C. A Alj>nna.
Detroil Laos. A North
KaatTdwi, Va.
AOa
A I'crc Marouetto..
Florida Central A Pcnln
A Indluna
Cinrlunati R A FtW..
Kllnt
firaiid lispids
Other line*
Grand Trunk of CanadaCblrnifo
A <ir. Trunk-..
Det. Od. Ilav. A Mil.
MlrhiKao.Knn. City Clin. A Spr.-..
Kan. City It. 8. A Mem.
KanaHhu A
Kautas C. Mem. ABtrm
Keokuk .V Wcsiern
Memphis iV Charleston
.
.Niiifolk
Ohio
<JU;o
A Western
Decrease.
.
1889.
1890.
Bait A Potomac
New Brunswick eaminRs included since Sept.
1 in both years.
from iuvostmonts net in November. 1890, wae
224,883, against $353,835 last year; for Januarv 1 to November 30,
*
H Including iiiconio
against $2,091,565, and for 5 months to November 90,
$1,081,375, against $1,250,96,3t For the month of October the subsidy certifloate col lections amounted
to $149,742, altaiuRt $116,182 last year, and for the ten months to
$1,305,302. against $807,987.
; After dedaciiug proportion due roads operated on a percentaae
basis, net in November, 1890, was $617,680, against $677,176 in 1889;
for eleven mouths, $6,397,842, against $6,380,277; and Oct 1 to Not.
30, $1,389,011, against $1,537,378 last year.
S Includes in both years Scioto Valley Div, from Feb. 1 and Maryland
A Washington Dlv. (Shenandoah Valley) from Oot. 1
t 1,119,071,
—
Interest Charges and Siirplns.
The following roads, in
addition to their gross and net earnings given above, ailso'
report charges for interest, &c. with the surplus or deficit
above or below those charges.
,
1800.
Roads.
$
Kan.C. Ft,8.
A Mem. Nov.
Jan. 1 to Nov. 30.--
1SS9.
^Jial. of Net. BartiK,—
1890.
1889;
$
$
$
349,270!
744.385
294,132
8,188,241 3,020,057 3,210,486
370,920
131,114
143,857
1,243,383
746,696
697,722
88,376
85,227
41,637
53,344
448,787
431,440
306,734.
150,425
Chle. Burl.A Quinoy-Nov761.888
Jan. ] to Nov. 30 -. 8,380,783
Clev. Cln. Ch. A Stt, -Nov
251,328
July Ito Nor. 30... 1,227,696
-
e.)
1889,
49,33ir
49.931
154,549
152,871
360,436
427,281
Jan. 1 to Nov. 30.. 1,569,993 1,500,253
734,788
795,070
Canadian Pacdflo*...Nov. 1,734,490 1,584,000
Jan. 1 to Nov. 30... 15,004,038 14,032,184 5,724,072 5,587,88&
11302,389
_
828,974
1T219,S34
876,739
Central of Georgia. -Nov.
Jan. 1 to Nov. 30... 7,834,269 7,180,250 1(1,717,903 111,901,646
July 1 to Nov. 30... 3,962,773 3,752,590111,081,375 111,186,546
153,94©
200,133
569,681
680,346
Chesapeake A Ohio. No v.
Jan. 1 to Nov, 30... 7,079,937 5,594,490 1,670,656 1,378,416
966,447
1,055,814
2,998,494
July 1 to Kov. 30... 3,471,990
2,872,681 2,967,578 1,056,021 1,093,666
.
Chlo. Burl.AQulncy.Nov.
Jan. 1 to Nov. 30. -.32,314,854 30,867,840 11,400,839 11,398,737
413,777
382,442
Olev. Cln.Ch.&StL.Nov- 1,170,380 1,160,877
Jan. 1 to Nov. 30- --13,042,906 11,554,740 4,156,109 3,888,915
July 1 to Nov. 30.-. 5,712,180 5,561,283 1,925,418 1.989,9 7S
29,339
35,810
Colorado Fuel Co.. -Nov
122,8(12
138,565
July 1 to Nov. 30
31,474
58,869
163,414
123,574
Colorado .Midland... Nov.
10,601
14,879
97,423
89,669
Fla.Cent.& Penin---Oot124,646
172,191
957,303
905,948
Jan. 1 to Oct. 31..24,4^6.
36,126
321,718
346,019
July 1 to Oot 31...
45,18&
49,798
143,833
Nov.
151,381
Iowa Central
305,876
459,894
Jan. 1 to Nov. 30.-- 1,522,798 1,379,829
217,301
252,969
707,614
781,593
.Tuly 1 to Nov. 30...
138.571
130,013
425,180
413,468
Kan.C. FtS.*Mem-Nov.Tan. Ito Nov. 30--- 4,410,904 4,359,859 1,250,442 1,425,761
738,174
599,212
July 1 to Nov, 30--. 2,000,116 2,127,283
655,975
613314
Loulsv. &Nashvi*e-Nov- 1,675,766 1,595,416
Jan, 1 to Nov, 30. --17,509,382 16,357,245 6,540,384 6.462,916
July 1 to Nov. 30-.- 8,382,536 8,065,104 3.167,760 3,404,515
1242,481
1265,534
574,383
568,364
Mexican Central- ..-Oct.
Jan. Ito Oot 31---- 5,200;(S18 5,134,772 11,811,200 12,283,190
:840,615 .i903,553
N.Y.L.E.&Western.Nov- 2,514.425 2,479,171
Jan. 1 to Nov. 30. --26,824,065 25,324.162 J8,786,506 18,657,082
Oct 1 to Nov. 30--- 5,227,163 5,284,1'(3 1 1,85S,960 ;2,013,878
224,394
268,078
671,198
Norfolk &:Western5-Nov770,454
Jan. 1 to Nov. 30.-. 6,865,897 5,820,356 2,513,309 2,016,769
166,780
154,931
536.141
528,151
Northern Central-. -NovJan, 1 to Nov. 30--- 6,125,337 5,569.730 1,725,593 1,855,737
Borne Watertown & Ogdensburi?—
951,329
041,734
July 1 to Doc. 31.. 2,006,025 2,040,257
Union Pacific
Nov. 3,993,134 3,733,510 1,170,332 1,334,572
14,137,468
13,189,6'27
1
Nov.
Jan.
to
30. -.39,852,908 36,096,791
74,564
89,081
West N- Y. & Ponn. Nov. 295,533
288,934
626,642
Jan. 1 to Nov. 30-.. 3,310,734 3,160,634 1-,099,012
358,277
549,803
July 1 to Nov, 30... 1,608,891 1,665,435
— Jnter'l, reHttUs, ttc.—,
Total (8B roads)
1890.
Not
.
^Het Inoreau (5a4p.
folfull
Roads.
A Mlvdssippl
River
Ohio Va). of KentnokT
Rlrb. A Danv. iH roada).
8t. L. Alt A T. H. Brobes.
Ban Fran. A No. Fao.
'
P.cl.
886,793 10-66
9,199.930 8,313,137
7-45
466,300
6,725,583 6,259,283
9-61
640,039
7,303,921 6,663,282
5-41
363,016
7,095,002 6,731,056
2-99
280,540
9,804,371 9,577,831
8-94
595,501
7,253.513 6,658,009
5-86
407,970
7,366,058 6,958,688
7-50
535,259
T,6ri,874 7,136,616
9,786 000 8,779,540 1,006,460 11-46
6-42
463.849
7,685,626 7,221,777
500372,785
7,829,721 7,458,936
2-63
200,021
7,829,621 7,628.700
5-26
555.802
11,125,646 10,569,844
6-21
432,045
7,404,413 6,971,768
5-98
423,530
7,509,890 7,080,360
6-25
433,762
7,378,313 6,914,551
l-9»
172,410
8,830,294 8,657,884
4-35
296.003
7,102,264 6,806,261
3-21
219,115
7,038,326 0,819.211
5-24
353,408
7,094,015 6,740,607
detailed statement, including aU roads from, which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of December 30. The next will appear in
the issue of January 24.
Net EamtngSy
Gross Eariunr/s.
, .
—
Increase.
Amount.
Net Earnings Monthly to Latest Dates.— The table
lowing shows the net earnings reported this week. A
. .
.
oompariaon of the weekly
,
1,408.088
1,234,382
96,147
366.8271 3,9.50,756
108,191 1,072,794
605,416 5,047.662
.
Ix)nls'8 VVa?t
139,392
11,937
LH,
WEBKLT GB08S EARNINGS.
S
B«atli Carolina
Vol.
Jarcabt
THE CHEONICLB
iSKl.J
8,
ANNUAL REPORTS.
Rome Watertowu &
(For
The
fiscal
OgdenHbnrtr Railroad.
the year ending
year of this company
June
'M, 1890.^
now
terminates with June
The report says
The summer tourist and pleasure travel continue to increase
«>ach year, and the demand for increased facilities to the pop30.
:
ular and growing resorts reached by the line has been fully met.
TIiri)UKh sloejiers were run during the season of summer
travel to Clayton (Thousand Islands) from New York, Chi(yigo
and Niugara
Falls.
The Rome Watertown
&
Utica
&
mortgage 7 per cent bonds and $148,000
Ogdensburg & Morristown first mortgage 5 per cent bonds.
There are additional outstanding liens on the Utica & Black
Black River
first
River Railroad, as follows: $(500,000 Black River & Morristown first mortgage 7 per cent bonds, due January 1, 1894, and
$'200,000 Clayton & Theresa first mortgage 7 per cent bonds,
due January t, 1898. All of these were guaranteed, principal and interest, under the terms of the lease of the Utica &
Black River Railroad to your company. Tlie management
deemed it advisable to-mak'e an early provision for the issue
of new bonds to retire the old ones. The Utica & Black River
Railroad Company accordmgly has made a new mortgage,
dated May 1, 1890, to the Central Trust Company of New
York, as trustee, covering the whole of its property, to secure
the payment of $2,000,000 first mortgage 4 per cent gold
l)onds, maturing July 1, 1922, and guaranteed, principal and
Of these bonds $1,2.50,000 were
interest, by this company.
.*old at par, less a commission of 3 per cent, and this sale provides for the entire amount of bonds due January 1st. Tlie
result of the refunding will be a reduction in annual fixed
charges of $36,140, equal to three-fiftlis of 1 per cent on the
There will mature December I, 1891, $1,021,capital stock.
.'iOO of the R. W. & O. first mortgage 7 per cent bonds, and
on January 1, 1892, $1,000,000 of the second mortgage 7 per
cent bonds. Consolidated mortgage bonds were reserved for
the ptirpoee of retiring these maturing bonds.
This company has direct connection at Suspension Bridge
with only the Grand Trunk and New York Central railroads,
and can only reach the other roads by payment of a switchiiis:
charge. R has long been thought, by the management, that
the proper western terminus of the road is the city of Buffalo.
The Buffalo Thousand Islands & Portland Railre-ad Company
has been formed, to build from a connection with this road at
Supptnsiou Bridge to Buffalo, a distance of about 25 miles.
A large portion of the right of way has been acquired, and
the company has taken a perpetual lease of the Buffalo Thou.«iud Islands & Portland Railroad.
The road will be pushed
tx) an early completion.
Terminal property has been secured
ia Buffalo, furnisihing passenger and freight facilities equal to
tho8e of any railroad entering that city.
Statistics for two years ending June 30 are as follows
KARNIN08 AND BXPRNSB8.
:
1888-89
Miles operated June 30
PassenKcrs
^reiglit
Mail, express, <ko
Total
Maintenance of way
Maintenance of oars
Motive power
Conducting transportation
0*ineral
Total
Vet earnlnKB
INCOHB
UKciptHMet earnings
Other Income
Total
Tyisburaements
—
$1,076,375
2,081.411
229,547
$1,1-2»,019
$.3,387,333
$3,904,966
$420,433
174,908
609,608
645,211
126,636
$464,117
194,265
tW9.564
$1,976,796
$2,250,114
$1,410,5.37
ACOOn.VT.
1888-89.
$1,6.54.852
$1,410,537
33,550
$1,654,852
41,176
$1,444,086
$1,696,028
Interest.
5""*"'"
Dividends
i
•Krom
2,009,404
266,543
7.=i>»,956
142,212
1889 90.
328.068
$597,089
313.072
144.462
359.50a
$1,378,522
$63,564
$1,414,»25
•$281,903
$1,080,464
(6
per oent)
WILMINGTON & WKLDON RAILROA.D.
KARNINOS AND KXPBNSB8.
Eamintt—
1888-9.
1889-90.
$331,193
761,244
131,607
$383,700
808,093
159,054
$l.y24,044
691,172
$t.350,8S3
681,137
PsuenKers
Freight
Mall, express, etc
...i....
...-.;.
Total
.....;
Expenses
.
'
>-.
.
.
'
$532,872
Net earnings
$669,716
INCOME ACCOCNT 1889-90.
DialmrtmenU.
ReeeipUi.
$669,716 Interest on bonds
$232,170
Net earnings
Interest, dividonda, etc..
119,676 Int. on certs, of Indebt.. 175,000
Interest on notes
34,T78
Wll. Col. & Aug. lease
Dividends
154,602
16,480
acoount
Frem. on bonds sold
Total
f960,474
Total
Balance, surplus
200.000
.$641,948
$318,526
WILMINGTON COLUMBI.l & AUGUSTA RR.
BABKIMOS AND EXPENSES.
18889.
$229,046
Etxruinga—
Passengers
Freight
Mail, express, etc
$278,331
571,450
94.694
$840,114
835,518
$944.4J75
$204,596
$296,3^
:..
Total
Expenses
Net earnings
1889-90.
518.38S
92,683
648,140
INCOMK ACCOCNT 1889-90.
.
Interest
iKeeeipti.
$296,335
Net earnings
.
RR. of
Wil.
Carolina
H.
Total
Balance, surplus
on bonds
$
96,0<H>
Dividends
2.t,W)0
Interest, dividend.^, etc.
One-hnlf profit itt Cent
Disburtemait*.
&
57,600
Wei.
RB. lease
aooouut
10,078
$320,513
154,602
Total
$308,202
$21,31
Kansas City Hemphls & Birmingham Bailroad.
(For the year ending June 30, 1890.^
This is one of the railroads constructed and managed by a
coterie of Boston capitalists, and the interest in its finanoos ia
New
England.
was completed to Birminghani and opened
for business October 17, 1887; the branch to Aberdeen, Mississippi. January 1, 1888, and the branch to Bessemer, Ala,,
March 15, 1888. The mileage of the road is as follows
chiefly in
The main
line
:
Main line, Memphis, Tenn.,
Branch to Aberdeen, Miss
Branch to Bessemer, Ala
to
Birmingham, Ala
253-24
13'27
11-06
:
376-57
Total
annual report gives the earnings, expenses and
charges in the year ending June 30 as follows
The
first
:
(
J
(
Total
Balance, Hurplus
>allii.st
1889-90
64 :t
643
Eandngs fif*om —
business gires an increase in revenue of 32 per cent and th4
through freight an increase in of 133 per cent. Aj a further
comparison, the revenue from through freight in 1884 waH
$197,210, and in 1890 it was $419,090, an increase of 112 per
cent, and the ton miles in 1881 wore 17,.'i08,038, and in liM),
44,846,566, an Increase of 27,338,.521, or 150 per cent. Tb«
slight decrease of less than one per cent in local freight receipts is due to the failure of the loc;al crops.
The Scotland Nerk Branch was op<!ned to RIverton, August
82, 1889, to Greenville, April 1, 1890, and to Kinston in
October. The Albemarle &, Raleigh Railroad was extended
to Plymouth and opened November 20, 1889, and the Norfolk
& Carolina Railroad was opened from Tarl>oro to Pinner's
Point, April 1 1890.
Ogdonsburg Terminal Railroad
Company has b«>en n)ersed in this company.
On January 1, 1891, there will mature $1,157,000
89
the $281,903 snrplna in 1889-90 $70,000 was oharKod
and $37,500 for refunding Utica 4 Black Klver bonds.
tor
Gross earnings
Operating expenses
Opor. expenses per oent of earnings
1889.
1890.
$»44,065
629,552
$1,200,783
784,767
(66-70 po.)
(64-80 p.o.)
$314,512
$424,965
1,827
16.732
24,607
Notcaminas
MiacellaneoiiB interest received
Tralllognarantrroc'dfrom K.O. Ft,8.&M.RR.
Total
Interest on
$333,071
46040S
385,970
400,343
def.$52,898
tar.$40,760
bonds—company's lat mort.
and the Birmingham Equipment Cio
Balance
440
There was charged to construction during the year ending
June
,30,
1890, $22,452.
Bichm6ud Fredericksburg & Potomac Railroad.
(For the year ending June 80, 1890.^
The amiual report says of the financial condition: "Tho board
have provided two thousand 4*^ per cent coupon bonds of
$1,000 each, interest payable April lat and October 1st, maturing in the year 1940. They thought it proper, in considera-
Wilininsrton& Weldon BR.—Wilmington Col. & Aug. RB.
tion of the lien of outstanding guaranteed stock, to limit the
CFor the year ending June 30, 1890. >»
total of such bonds to $2,000,000, l)eing $.500,000 lees than
The report of Jlr. H. Walters, General Manager of the Wil- authorized by you. This guaranteed stock amounts to $500,400,
miii(.'tou & Weldon, states that tho decrease of expenses in none of which can be paid off, nor, on the other hand, by the
maintenance of way and structures is due to decrease.-s in the terms of the mortgage, can more be issued. Five hundred of
Items of new rails, $11,000; cross-ties, $12,000; ho rails having the new bonds have been disposed of at 96 per cent net to the
been charged this year and a surplus of ties being on hand company; the remaining fifteen himdred being in the keeping
from construction. The decrease in maintenance of equip- of the trustee, the Central Trust Company of New York, unment IS in the item of passenger cars, which did not need this signed. Of the proceeds of the above-mentioned .sale ($460,year any extensive overhauling. Tho increase in conducting 000) wo have used upon the James River Branch, $240,607;
transportation and also in general oxpenaee is due to the in- in the purchase of real estate iu and near Richmond, $3,408;
creased business and the increased mileage.
leaving on deposit at interest, $885,984." • • "The litigation
The statistics show a satisfactory increase in business, con- which suspended for a considerable time, and at a critical peiwdenng tho failure of the local crops. The through passenger riod, tho operations on the James River Branch, ended favora-
THE CHRONICLB.
40
subsequently been vigbly to the company, and the work has
year.
orously pushed. It will be ready for use this
Earnings, expanses and charges have been as follows:
1889-90
1888-89.
ws,.^.„^irmngammgtjrom—
K9qi ^41
* (13 720
5'.11feiireii;io::::::;::;;;.......
rotalcarninge
^3-737
_84^
$635,859
$701,533
MSSTtTnaX'^JTaylnd
$99,021
$121,614
General expenses
ilt'loy
^lo'ISo
39.483
2ifiR52
40489
^-*°-^
$408,607
$227,252
$440,244
$261,289
structures
lUlnt«>nanc« of equipment
Oonduitiuit iraDSiwrtatlon
letin.
and
in
r^oL. LI!.
The prices of the principal iron products in Jantiary
December the average for the year and for last year
—
are as follows
:
Average.
AvcraffC.
No. 1 Pi?
Gray Forge
Bessemer Fig at
burg
BteelEails
Jan.
Dec.
1890.
1889.
$19 90
17 99
$18 00
15 00
$18 40
15 82
$17 75
15 48-
28 (iO
35 22
16 60
28 50
3176
Pitts-
IS 85
18 (My
29 25
" As to the-
In commenting upon this, Editor Swank says
American iron trade, we remark, first, that 1890 was a yearof still greater activity in the production of iron and steeE,
than in 1889 and, next, that it was a year of steadily declining prices for these products. Our production of pig iron wa&
much greater than in the remarkable year 1889, and greater
than that of Great Britain in any year in her history. The
shrinkage began, in January, and for most products conVery
tinued from month to month throughout the year.
rarely have prices of lea ling iron and steel products been,
lower in this country than they are now."
Ittohawk & St, Lawrence. This is the title of the railroad:
that has been incorporated, under N. Y. Central auspices, tobuild a line from Utica to the Thousand Islands, paralleling
the R. W. & O. Imes. The company has a capital of $2,000,000,.
and it is to run from Utica, via Trenton, Boonville, Carthagel
and Watertown, to Clayton, with a branch to Gouverneur. Thedirectors are H. Walter Webb, Third Vice-President of theNew York Central Road John M. Toucey, General Manager,,
and Theodore Voorhees, General Superintendent of the CenEdward V. W. Rossiter, Treasurer, and Walter Katte,_
tral
Chief Engineer of the Central Charles M. Bissell, Frank A.Harrington, Tho.Tias L. James, John R. Van Worin?r, John.
B. Dutcher, Frank Lcomis, William J. Van Arsdale and Ira>
A. Place. There are 20,000 shares, of which the New Yorit
Central owns a majority.
Nashville Chattanooga & St. Lonis.— The Western & At:
;
Tot^]
Ketearnta^;!"."."."'.'.'."
-
I.NCOME ACCOU-M 1889-90.
•
Met earnings
OUierlocume
^^^'Hb?
'''"°^
Total
$269,370
„. „,„
Deduct—
.
Interest on bonds
Uivldeudon miaranteed stock
;-,-.-v.
Dividends on common stock and dividend obllBations
*lri^?
-.A'onk
I44,»zu
$223^97
Total
$45,373
aorplos
Cincinnati Jaclcson & Mackinaw Railroad.
fFor the year ending June 30, 1890.^
This road is in the hands of Mr. Walston H. Brown, as receiver, and a plan for reorganization after foreclosure is pendThe General Manager reports for the year ending June
ing.
30, and for purposes of comparison no division is made in this
report between the old company and the receivership accounts.
KAKKINOS MID EXPENSES.
.'
Freight
Passengers
Mail ..
Express
...»
.
Miscellaneous.
Total
Operating expenses
Het earnings
1889.
1890.
$366,787
164,446
23,659
31.307
,,.„
„
2,430
$425,S17
164,373
21,339
34,599
13,617
$588,631
491,119
$659,248
510,984
$97,511
$148,263
83-43
77-51
was
The report says that while the per cent of increase in the
gross earnings is not as large as could be wished for, it is continuous, and it it can be maintained even at the present percentage the road will very soon pass the point where if can
earn all its fixed charges and taxes.
As much work lias been done on the roadbed as the earnings
•would permit, keeping in view the fact that there was a large
amount of floating debt of the old company to take care of,
besides the receiver's current liabilities and the monthly payments to be made on the 500 new box cars, 5 engines and 5
cal>oo$e8 leased in March, 1890. The bridging, particularly on
the Michigan Division, has "required a large amount of renewals and repairs on account of the age of the timbers.
The percentage
of expenses to earnings
—
;
;
;
Road, belonging to the State of Georgia, has been transcompany under the new lease for 39 years.
New York & New England. Comparative statement of
earnings, expenditures and surplus for 14 months endingNov. 30, 1890.
lantic
ferred to this
—
1890.
Increase.
$6,593,102
Gross earnings, 14 montlis
Operaliug expenses, 14 mouths 4,341.210
1889.
$7,049,307
4,603,825
$456,305262,585-
Net earnings, 14 months
Accrued Hxed charges
$2,251,861
$1,927,129
177,338
31,500
$2,445,482
$2,011,526
189,000
31,500
$193,620
$2,135,967
dends for 14 months
Surplus of net earnings over fixed
$115,894
chargesand dividends
4,074
Add income from Bost. Har. Tr'f.
$2,232,026
$96J0b&-
12 mos. div. on pref. stock paid..
Accrued dividend, Oct. and Nov.
At«hi8on Topeka
&
month the sum
Ontral New England & Western.—The earnings in conmonth of November show as
nection with the charges for the
follows:
1889
28476
^ 1890
$60,792
39,313
i>ividMd'H!*4*c.w.iwck;;::;:;:;::;::;;.::;:*";32i
$21,479
$13,825
24,095
$23,800
23,343
Operating expenses
Charges
.
Balance.
_-
2,321
def. $10,270.
BUI. $457
^'^'^8^* '"^''i^es rental of the Hartford
"""ra
ft Conn. Western, interest on bonds, taxes,
etc.
.
.
.
j*.^**^®!**™".'
Colnmbng Hocking Talley
^
t Toledo.-Preliminary estioperations comparing the same with
the
h.^^^'I'
^ear l4/.
ito<j, has
been issued as follows
:
1890.
iggg.
ITm^it Dee. E»t.
Actual.
Gross earnings
$3,030,000
$2,524,655
Opcratuig eipenses..(55 %.) 1,661,000
(56>a94.) 1,420,069
?f;*«f™'''P'
ilxed charges
$1,369,000
Increase.
$505,345
240,931
$264,414
f.lOiJ.OOO
1,013
Surplus over expenses. Interest, taxes and rentals..
$264,000
_
$213,455
$97,.5ei
5,633
months
$119,969
$219,089
$99,11SStock Exchange. New Secnrities Listed. The
Governing Committee of the New York Stock Exchange ha^e-
Net
surplus, 14
.'
—
—
New York
New York
8anta Fe.— This company is receiving
of $30,000 from the Mexican
Government on account of subsidy. These payments began
in August last and will continue until the total sum of
$1,681 114 Mexican currency in all shall have been paid. The monthl'v
rec«ipt8 of $30,000, as stated, in Mexican money, are
proper
credits to the income account of the Atchison Company
in
United States equivalent, as they represent practically a return of money for interest on Sonora Railway Company bonds
paid by the Atchison Company.
regularly each
11,662-
Total fixed charges and divi-
listed the following securities
GENERAL INVESTMENT NEWS.
*8439e-
:
City and County.
—
Fifty-nine different issaee-.
of consolidated stock or bonds, issued for various purposes,
and bearing interest at 2}4, 3, 3)^, 4, 5, 6 and 7 per cent, and
amounting to $99,684,279, due 1894 to 1938.
Pennsylvania Ponghkeepsie & Boston.—The payment cS'
the coupon due January 1 on the first mortgage bonds has by
an arrangement with the principal bondholders been deferred:
to April 1.
Washington dispatch of DecRailway Commissioners.
31, says: A call for a national convention of railroad commissioners was issued this afternoon. In pursuance of a neeolution adopted at a convention held at Washington, beginning on May 28, 1890, a committee appointed to call the next^
convention designates March 3, 1891, at the office of the IntesrState Commerce Commission, No. 1,317 F Street, in the City of
Washington, D. C, as the place for the holding of the convesotion.
The railroad commissioners of all the States and any
State officers charged with any duty in the supervision o3f
railroads or railroad interests are requested to attend. Thecall of the Inter- State Commissioners says:
The Commissioners suggest the following as subjects wfeicii'
may usefully be considered by the convention:
1. Railway legislation; how harmony therein may be attained. 3. Uniformity in railway accounting; what furth«ais important to that end.
3. Territorial assignment of statistics of operation; whether this is not practicable, and what
principles should control in grouping railway statistics. 4^
Apportionment of expenses to freight and passenger traflScr
what reasons there are for making such an apportionment,
and what rules should be adopted. 5. Safety appliances oi».
railroad cars; what legislation, if any, should be had by Congress.
6. Reasonable rates; what they are, and the elementBto be considered in the determination thereof,
Railroad Construction in 1890. There are several statements compiled and published in different journals giving
the estimated railroad mileage constructed during the yearThe first of these to come out was that in the Engineering News,^
according to which the total addition to the country's railwaymileage between January 1, 1890, and January 1, 1891, -was
—A
—
$599 $263,401
statement of the monthly prices of iron 5,775 miles.
The Chicago Railway Age makes the number of miles coBt^^^ ""^ bee^n^Smpiled by structed 6,081, against 5,300 by its statement for 1889. lie^eldi
«e editor
or°o'??hY"i'^
'^'^'"^r^
of the .ammcan
Iron
SUd ^esomtwn Bui Age says;
«iV"S!." ?*-'''**?*-T,^
ma
JASUART
THE CHRONICLR
3. 1891.J
nonda after the
" The construction of the past year has only been exceeded
'80,
seven times during the past twenty years, namely, in '71,
'81 '82 '88, '83, '80, '87, '88, and it was exceeded by the record of
Xhree of those years, '80, '83 and '88, by only a few hundred
miles. The average construction for the past twenty years haa
boon 5,700 miles annually, therefore the year just closinR has
made a record considerably above the averaeo and will increase
milei.
tlio total miloaRe of the country to more than 167,000
"While notable extensions have lieen made during the year
(specially in the Northwest, South and Southwest, a careful
analysis of the total mileage shows that most of the additionn
have been connecting links and spurs rendered necessary by
the increasing traffic of existing lines. This in some measure
is indicated bv the 337 lines shown, giving an average milea'^e
Among the more important excepfor each of only 18 miles.
tions, however, the following may be named: Great Northern
Canada 199 miles (narrow gauge),
120 miles, Great Falls
Ontario Cartondale & Scranton 54, Clinch Valley division of
Norfolk & Western 47, Lynchburg & Durham 53, Wilmmgton
twenty-flftli
41
day of Janiury, 1891,
to •ppUoknta In
tlut
order of their applloatlon.
St LonU Iron Mountain ft Southern— (lairo & Fulton.—
The holders of tCairo & Fulton first mortgage lionds which
fell due on Jan. 1, 1891, have received a notice which postpayment of their bonda.
pones for six months the
The Iron Mountain Company has been attempting to secure an
exchange of the Cairo firsts for the general consolidated 6 per
cent bonds of the former company, in accordance with a reThere have been about $2, 000, (MX) Cairo
funding scheme.
bonds exchanged for the new Iron Mountain fives, although it
is said that the holders of from $2,(X)0,000 to $3,000,000 bonds
have expressed their willingness to make the proposed exchange. A clause in the mortgage jirevents a foreclosure for
six months after the maturity of the principal, and the Iron
Moimtain Company has availed itself of this to pMtpone payment. It was generally thought in Wall .Street that the
stringent condition of the money market or the difficulty in
negotiating new bond issues accounted for this action, and as
the bonds are abundantly secured, there was no occasion to
think much of it. The official circular of the St. Louis Iron
&
Columbia Newberry & Laurens 50, Macon
Birmingham 97, Savannah & Western 43, New Orleans &
North-Westem 65, Paducah Tennessee & Alabama 50, Pitts- Moimtain & Southern says:
Notice is hereby given that
burg Akron & Western 89, Winona & Southwestern 46, Grand
&
.lacksonville 50,
&
In view of the provisions of the sixth
above-mentioned mortgage, this company ha* decided to
extend, until July 1, 1891, the time within which holders of Cairo dc
Fulton bonds may exchange the same tor the general consolidated
railway and land-grant bonds of this company, the principal and Interest of which are guaranteed by the Missouri Paciilc R lUway Company. The Cairo & Fulton bonds will continue to draw Interest at
the rate of 7 per cent per annum until paid. This company reserves
the right to discontinue, at any time, the payment of the money premium of $50 per bond now made In connection with the exchange of
the Cairo & Fulton bonds.
& Wyoming
Bock Island &
article of the
Central 82, Pacific Short Line 139, ChiPacific extension from Omaha to Lincoln
cago
55, Wichita Valley 51, Pecos Valley 90, Rio Grande Junction
62, Rio Grande Southern 50, Denver & Rio Grande 59 and the
Island
Rio Grande Western 60.
"It will be observed from our summary that the States
showing the greatest extent of new mileage are as follows
Montana, 421 Georgia, 375 Washington 341 North Carolina,
309 Texas, 253 Alabama, 353 Pennsylvania, 253 Virginia,
Sonth Carolina RR.— At Charleston, S. C, Dec. 29, the TT.
Kentucky, 223 Nebraska, 218 Colorado, S. Circuit Court directed Receiver Chamberlain to pay the
228
Ohio, 223
211. The States showing the least mileage are Iowa and coupons payable April 1, 1890, of the first consolidated mortNevada, each 1 mile Arizona, 3 Rhode Island, 6 Vermont, gage bonds. The receiver is further ordered to pay all instalThe poor showing in the great State of ments of interest up to January 1, 1891, on all obligations of
1 3 and Massachusetts 1 6.
Iowa, w hich places it on an equality with Nevada, is easily the railway company secured by a loan prior to the loan of the
explained by capital shunning a commonwealth that seeks first mortgage consolidated bonds. The bonds of the Louisevery opportunity to attack its rights."
ville Cincinnati & Charleston Railway Company held by H.
order.
Rutland.—The Rutland Railroad, running from Burlington T. Coghlan are excepted from the terms of this
to Bellows Falls, and which has been for several years under
Tennessee Coal & Iron. Changes have again taken place
the control of the Centi'al Vermont management, as lessees, in the directory of this company. W. M. Duncan, First Vicehas just been re-leased by the Central for a term of 999 years. President, has resigned his place to N. Baxter, Jr. of NashThe lease was executed Dec. 31. By the terms of the lease, ville, a prominent iron man. Second Vice President Jackson,
lessees pay an annual rental of $345,000 and taxes, the Rutland
of Birmingham, Ala., also resigned, and J. J. Hillman, of the
Railroad to furnish $500,000 at 5 per cent interest for improve- same city, was elected his successor, Messrs. Baxter and Hillpayments,
rolling
stock.
Interest
additions
to
ments and
man will have direct charge of the company's operations. The
however, are to be made only on such portion of the sum as following new directors were elected besides the new officers
The Central Vermont has named: John H. Inman, H. O. Armour and Gen. Samuel
is actually exjiended by the lessees.
the option of purchasing at any time a controlling intercut in Thomas.
the stock of the Rutland Road, and thereby becoming the actual
Union Pacific— Chicago Milwaukee & St. Panl—Rock
owners of the road. In addition to these terms, the Central
Vermont secures an important traffic arrangement with the Island. There has been much comment in railroad circles
Delaware & Hudson Canal Company, by which a large amount over the refusal of the Union Pacific to allow the two other
companies above named to use the U. P. bridge at Omaha,
of freight traffic is secured.
according to agreement. Their trains have been refused adA circular to the stock- mission and the following account is given of the contract in
St. Lonis Alton & Terre Haute.
holders of this company has been issued by Mr. Geo. Foster the Tribune's Chicago dispatches. Said President Miller, of
Peabody, chairman of the board of directors. It states that the Milwaukee & St. Paul:
the proposed sale of the main line to the " Big Four " has been
"Last May our company entered into an arrangement with
fully consummated, and the $10,000,000 of C. C. C. & St. L. four the Rock Island by which we were to build a bridge across the
delivered
this
company,
of
collateral
trust
gold
bonds
to
p. c.
Missouri River at Omaha, for our joint use. As soon as the
which $7,000,000 have been deposited with the United States Union Pacific people heard of this, and I refer particularly to
Trust Company to secure the payment at maturity on July 1. Sidney Dillon, who is now President, and General Dodge, who
1894, of the principal of all the bonds falling due at that date, is a director, they sought a conference with us.
They told
and their interest coupons in the meantime. Of the remain- us there was no need of our going to the expense of building bonds. $3.50,000 have been delivered to the Central Trust ing a bridge as they would be glad to let us use their bridge
Company for the sinking fund, and the balance of $3,750,000 for a consideration. Subsequently a conference was held
are in the treasury of this company.
Omaha and a contract was drawn up by which our road and
It is now proposed to issue to the holders of the preferred the Rock Island were to run trains into the union depot at Omaha
stock (except 8,000 shares, as below explained,) $150 in these 4 over the Union Pacific bridge. This company was to pay $50,000
per cent bonds for each $100 share of preferred stock, with a year for the privilege, and also its proportion of other joint
the accumulated dividends thereon, now amounting to 37;}^ per expenses. The contract was signed, sealed and delivered and
cent. This seems to be a very favorable offer for the holders approved by President Adams and the board of directors,
of preferred stock, and will probably be accepted by them and there can be no question as to its validity. So far as our
quite readily. A full abstract of the new C. C. C. & St. L. freight business is concerned, we have been operating tmder
mortgage will be found on another page. The essential part the contract since July 1, but as soon as we gave notice that
of the resolution adopted by the Executive Committee of the we would begin to run onr pa^8enge^ trains into Omaha, we
St. L. Alton & Terre Haute Company is as follows
were shut out without an explanation. Yes, we are denied
the privileges of the bridge both as to freight and passenger
Remltrjl, That thi» company will at any time prior to the .'ilst day o
January. ISOl. receive a surrender to thi.s company of any of its pre- business. The contract is legally binding, and I do not see how
ferred Bt^>cl{ (including the surrenderor all dividends accrued thereon the Union Pacific can successfully set it aside."
and of all other claims thereunder), and will pay and deliver tliercfor
The Rock Island's contract with the Union Pacific was
on oralioutlhe (Irst day of March. 1891, the 4 per cent one-Uundredyear cold bonds of the Cleveland Cincinnati Chicago & St. Loiiis similar to that of the St. Paul, except that it embraced the
Railway Company, now owned by this company, at the rate of 150 per joint use of the tracks from Omaha to Lincoln. On the
lentum of the par amount of such stock In the said bonds, so that the
fifty-two
holder of eacli 100 shares of such preferred stoclc shall receive In cjt- strength of the contract the Rock Island has built
chanK(' therefor fifteen of the said bonds of the par value of $1,000 miles of road between Lincoln and Beatrice, connecting with
each with the coupon dne May 1, 1891, attached, and lesser amounts in its main line. The Union Pacific was thus to obtain a aouththe same proportion; and it is further
em outlet through the Indian Territory and become a comJietolveri, That to secure the purimses of these resolutions the transfer
hooks for the preferred stock of this company be closed on the third petitor for traffic to and from the Southwest.
<lay of .lanimry, 1H!»1, and that the holders of such preferred stock, as
The Rock Island had not as yet begun operations under the
shown by the Imoks of this company on that day. shall have until the contract, but was prepared to do so beginning Jan. 4. The
thirty-hrst Any of January, 1891, to elect whether or not they will so
surrender their preferred stock with the dividends accrued thereon and officials of that road have also been informed that they will
:
;
;
;
;
;
;
;
;
;
:
;
;
;
;
—
,
—
—
m
:
other riKhts lielonRlng thereto for bonds as aforesaid, provided, however, and it is further
Retolved, In view of the aereement of the holders of s.OOO shares of
the preferred stJick not to avail themselves of the riithts granted by
these resolutions until after the twenty-fifth day of January. 1S91. that
lifter siuh twcnty-flftli day of January, 1891. no preferrcdstockholdcr
shall be entitled to any rights under these resolutions, excepting so far
as the iwrtion of the $'2,500,000 in bonds not applied for prior to his
application shall be sufficient to retire preferred stock at the aforesaid
rate of 150 per eentuin, the purjioso being to allot such reuiaininK
not be allowed the use of the Union Pacific bridge. President
Cable and President Miller were in conference at the latter's
office, but both declared afterward that they had not decided
upon any definite course of action.
An injunction was obtained by the St. Paul ComMny
against the Union Pacific, but this appears to have heen
violated or evaded, and the bridge question remains to be
all
V
settled.
THE CHRONICLE.
42
%iVoixts
[Vol. L'I,
Whereas, The Cairo Company did, thereupon, and by virtueot the said deed, enter into possession of the said St. Louis
Division as the sole owner thereof and
and Wacnrntuts,
;
ST. LOUIS
ALTON & TERRE HAUTE
CLEVELAND CINCINNATI miCAGO &
KAII.WAY COMPAM*.
RR.
PURCHASE MONEY MORTGAGE FOR $10,000,000 GIVEN BY
THE CAIRO COMPANY IN PAYMENT.
Whereas, In order further to secure to the Terre Haute Com;
ST.
Lfll/IS
pany the payment of the
MORTGAGE DATED NOVEMBER 1, 1890, SECURING $10,000,000 OF 4 PER
CENT GOLD BONDS, DUE NOVEMBER 1, 1930.
FIRST COLLATERAL TRUST
PAKTIES.
said purchase nrice of 810,000,000.
the Cairo Company duly delivered to the" Tene Haute Company the bond of the Cairo Company, dated November 1. 189u,
for the sum of .|10,000,000, said bond being payable to the Terre^
Haute Company or its assigns, en the 1st day of November,
1990, or if there be default in the payment of interest or otherwise, as therein provided, then sooner; interest on said bond
being at the rate of 4 percent per annum, payable semi-annually on the first day of May and November; both principal
and interest to be paid, free of all taxes, in gold coin of the
United States, of the present weight and fineness and
The Cleveland Cincinnati CliicaRO & St. Louis Railway Company (hereinafter also called tlie Railway Company), party of
the first part, and the Central Trust Company of "New York
and John T. Dye, of the City of Indianapolis. Indiana (herein- BONDS SECURED HEREBY RESERVED FOR PRIOR LIENS ON
ST. LOUIS DIVISION DUE IN 1894, &c.
after called the trustees), parties of the second part.
Whereas, The Cairo Company also duly executed and delivDE8CBIPTI0N OF THE RAILWAY COMPANY'S ST. LOUIS
ered to the Ten-e Haute Company a purchase money mortgage,
DIVISION, ETC.
Whereas, Tlie Railway Company is a railroad corporation, dated Nov. 1, 1890, which was a first first lien upon the
formed by consolidation of certain other companies, in pursu- said St. Louis Division, excepting certain encumbrances payance of the laws of the States of Ohio and Indiana, and has able on July 1, 1894, and whose payment was fully provided
since sucli consolidation operated as its St. Louis Division to be paid from the bonds secured hereby and in this mortgage,
the railroad with the appurtenances thereto formerly the for the further security of the moneys due by said bond, theproperty of the St. Louis Alton & Terre Haute Raih-oad Com- Cairo Company conveyed to the Terre Haute Company, and
pany, running from East St. Louis, in the State of Illinois, to to its successors and ass^igus forever, but by way of mortgage
Terre Haute, in the State of Indiana (about 189 miles), with a the said St. Louis Division said bond and mortgage containing
;
;
branch from Wann to Alton, in the State of Illinois (about 4
miles), such railroad and branch and appurtenances thereto,
and the franchise to maintain and op>erate the same (sut)ject,
however, to the reservation of certain trackage, bridfe and
terminal facilities made by the St. Louis Alton & Terre Haute
Eailroad Company in its lease and its conveyance hereinafter
mentioned) being together in this indenture hereinafter called
the
St.
Louis Division
;
and
various provisions for the more effectually securing the payment of the said $10,000,000, principal and interest, in case of
any default on the part of the Cairo Company, and also
granting certain powers to the Terre Haute Company and its
assigns, in case of foreclosure of the said mortgage, or of other
proceedings, whether at law or in equity or otherwise, for thecollection of the said moneys, principal and interest, and
otherwise as therein mentioned and
;
THE RAILWAY COMPANY'S LEASE OF THE ST. LOUIS
ION, DATED FEBRUARY 23, 1883.
DIVI8
RELATION OF THE RAILWAY COMPANY TO THE CAIRO COM-
PANY, ETC.
Whereas, The Railway Company, party hereto of the first
Whereas. Heretofore on the 23d day of Februsrv, 1883, the
St. Louis Alton & Terre Haute Railroad Company", organized part, holds the railroad of the Cairo Company under a certaim
nnder the laws of the State of Illinois and hereinafter called operating contract made between it and the Cairo Company,,
the Terra Haute Company, msde with the Indianapolis & St. dated October 30th, 1889 and whereas, by reason of the relaliouis Railway Company and the Cleveland Columbus Cincin- tions of the Railway Company to the Cairo Company and of
nati & Indianapolis Railway Company, now consolidated with the railway system owned or controlled by the Rail vay Comthe party of the first part, hereinafter called the lessee com- pany to the said St. Louis Division, and otherwise, it is needpanies, a certain indenture of lease by which the Terre Haute ful to the Railway Company to acquire the ownership of the
Company let to the said lessee companies the said St. Louis said bond and mortgage executed as aforesaid by the CairoDivision for the term of 99 years from November 1, 1882, at
a Company and
rental which was to vary accordinjj; to certain conditious
SALE OF THE PURCH iSE MONEY MORTGAGE TO THE PARTY
therein specifiHl, but was in no event to be less than $4.50,000
per
OF THE FIRST PART.
annum; and whereas, under said lease, the lessee companies and
Whereas, The Terre Haute Company has sold and conveyed
thereafter the RaUway Company, party hereto of the
first
to the Railway Company the said bond and mortgage of the
part, operated said St. Louis Division until the transfer
of the Cairo Company,
and also all the right, title and interest of
»id lease to the Cairo Vincennes & Chicago Railway Companv
the Terre Haute Company to all rents hereafter to become dueherematter called the Cairo Company
and during such under said lease made
as aforesaid, and also the said purchase
operation, the Railway Company, at its own
expense, made money lien, and all
the estate, right, title and interest of every
extensive and costly betterments on the railroad
of said St
character of the Terre Haute Company in the said St. Loui&
Louis Division and
Division and
appurtenances and franchises, the price for
TRANSFER OF LEASE IN 1890 TO THE CAIRO VINCENNES such sale and its
conveyance to be the sum of $10,000,000, paya& CHICAGO RAILWAY COMPANY.
ble in the bonds of the Railway Company hereafter mentioned
Whereas, The Cairo Company is a railroad corporaHon
_
ex- and
isting under the laws of the State of Illinois,
AUTHORITY FOR PRESENT ISSUE OF BONDS.
and owning'and
gperatmg a railroad running from Cairo to Tilton,
Whereas, The Railway Company, in consideration of such
in said
State, which railroad connected with the
sale and conveyance, and with the approval of holders of
railroad of the St
""" ""* P"'""' ^""^ ^''^ °°* ^"'"P^te two-thirds of the full-paid-up stock of the Railway Company,
fcwi^hTand
has executed and is now about to issue and deliver to the
^" ^^^ ^^'i" '1^7- °^ *^«y' '^^- the Railway Com- Terre Haute Company, or to its assigns, the bonds of the RailJa'J'^Z"''
I«nv duly as-signed and
delivered to the Cairo Com nan v the way Company, registered and coupon, amounting
toS10,000,000'
«ii£.ndenture of lease, and all the rights and
of he of principal, and being equally and without preference secured
kssoes thereunder; and thereafter the
by these presents; each of said coupon bonds, excepting the
Terre Haute Com
pany by a certain indenture dated July
serial number thereof and the signatures of the officers of the
9, 1890, between it
Company, approved the
Railway Company, being substantially of the form, date and
cJlmnfnt of
nf°said lease, and accepted assignment to the Cairo
G>mpany
the Cairo Companv
tenor following
;
;
;
;
cS
as
FORM OF COUPON BOND.
U.MTED States of Amekica.-States of Ohio and Indiana.
^dm connection
with the railway of the Cairo
cTmpa^y:
CLEVELAND CINCINNATI CHICAGO &
COMPANY.
ST.
LOUIS RAILWAY
First CollateralITkust Mortgage St. Louis Division.
LOUIS DIVISION TO THE CAIRO
^^
$1,000,
VINCENNES
FODH PER CENT GOLD BOND OP 1090.
4 CHICAGO.
„„
Whereas, On the 1st day of November isqa *i, rp
Chicago & St. Louis R.nilwav Company
.'^iP''''',"*"
n,I?fi„'?,?^'''*1?
(liereinaftcr caile.1 the obliKor) hereby
aeknowlertRea that it has bordu,^ B:f."nrconfe?'toX IZl
t„"* '""^ 1',"'''
!? "'.'' "'^ "' «"o thousand dollars, which it
^'in,V,uJ'J
BALE OF THE
ST.
SS'^"r^iS^8t1:o'^
*''''''''/*;' New York, to t^c holder hereof, on NoSpnwi.'?'*'*'!','
o"e t';o"sa."a nine hunrtred and ninetr. In gold coin of the
yin{£?i if ;
^m';n«a,of the present standard of wci-bt and flnenpoi o„^if,.^f "Jf
taxes together witli interest at the rate of four per
^ent'.uM- ..^ ,?,^,?^""
« ni, r^nf Jwi'/' V",,*'"* "'?' •l-'y "' November. 1890. until the princltlmflr,tH?iV''',A!''''''''','^i^''>y"'''<='"'"'e e"^*^ «"'» semi-annually
year.fre^ of all taxes'
mKmtheRnr?/,,,! , 'jY,''"*^°^*'V''''''"'°«ach
coupons hereto attached, as they respecUvtIy
beconie pf." aWe
delivery. The holder hereof may. at any
timB'\,I'r^2;lrt?,!l" ^V^^ j!^
"•^'•"Of, "? I'O'xl mid all the coupons hereto anne^fid ol then .iniV
,
?d bond of .hi ,1
'"•f'Vr*"""""- '"«' thereupon receive a reaisterthe'rriis?n^ndn^
f7°' ""' '^ame.issue as this bond, as provided in
TM^ i« ,.?^^^ ""' Ajrreemcnt hereinafter mentioned.
S?'ife'"o»l'<'" au'l reRlstored. each of the
couDon In »!«?;„?„"'''','''
'•"'
*]l^'^P- ""1 each of the roKistered bonds
for +1 oSo ?
of $1,000, and the said bonds.
"^,.;*i:,"2?;..«^'^"H"U!Ic
I.n,',°^..
'".ail ?oV the sum of" T^n i^ull
^-''^
Doifars SSd
uollars,
and aU
^S^'.T^'
of the coupon bonds Icing of the same
tkis
tenor as t*
m
s-.is.r.,eS;v,Sas~'-!
'
l.S
1
1
Jancabt
8,
CHRONICLR
I'HE
1801.]
the bonilK. wlicllii'r ('OHp<in or roKlg^ornd, lietnit <1o«orlbo<l
' of oiin ovur the ollii'r, "oiMirnl
rnimlly anil williii"'
nt.dali'il tli« llrnt il«y of NovmiiTrust I><i>(l ;ii
I" till' Ciinlinl Tni8l f'mnpniiy
li.M-, IH'.io. Hiul cxociitiil l'\
mil l>y tho buii.l of lht« Culm
of Ni'w Voik :uiM .loliii T. l)jr <:
r the hiiiii of Ton Mil Ion
Vini'iiiiii'rt .V Clilcairo Kullwav
nionml Kallwny Company of
DiilLii . :ui.l ihn inortKMKK l>y til.
!vi«ionnf tlir rail\\:i> .,.\.-'tiiii of thi< C'li'Velanil ('Incln111.
A;
11.1
Ht. lyouls Railway K'omimny, lii-InK tlio railway l>ol/Oul« and IVrro liaiitc with lt< branrb nnil appnrtonlw>
luiww. ami of otlipi- piopiTty formerly of tlio Ht. LonU Alton .V Tcrro
Haute Uillroail Oimpaiiy, anil by other HeiMiritlux. art in Halil Tni«t
Deeil iiiul AKteenicnt mentliineil, wliirh bond, mortxaKe and other »e<'iiritleH linve been tniusferted by the obligor to, and deposited with,
the Hald Trii«tee«.
TbU bond Khali not beeonie obllKatorv until the ccrtlfleato endorsed
hereon Khali have been Klgiied by the (Vntrnl Trnut Company of New
York, one of the tniKteos nnder the Kalil Trnst Deed and AKi-ecinent.
In wiliu-ss iclirrraf. the obllKor hua eaiinod Its corporate Heal to bo
lieroto nlllxed, atid'thew presents to he signed by Its President or Vlee1'renidcul and iU Heoretarv the first day of November, 1 8it0.
lionil. (inrt nil
:>iiil
III
(ly
:i
ii'ihilii
'
'
;
'
[Seal,]
TuE Clevelaud Cincinnati Ciiicacio & 8t. Louih
Kailwat Company.
Vloo-Prcsldont.
By
,
,
Secretary.
of the coupons annexed to each of the said coupon
bonds, excepting the serial number and the month and year of
payment thereof, and tlic signature of the Secretary of the
Railway Company, which may be engi-aved thereon, being of
the form and tenor following
" Four POT cent First Mortgage Collateral Trust Gold Bocd Coupon.
and each
:
St.
LouU
Division.
*'No
Th-i Cleveland Ciuoinnntl Chicago A
the first day of
Louis Uailway Company will pay to the bearer at the city of wcw
" York, twenty dollars In gold coin, being tUo semi-annual Interest on
••
On
"•St.
**
iKiud uiiniber
"
REGISTERED
,
Secretary."
BOND.S.
registered bonds is substantially of the
as the coupon lx)nds, except that they
are without coupons, both interest and principal being payable
•only to the registered holder, and except that each of them is
either for §1,000 or a multiple of $1,000.
Each of the said
3same form and tenor
43
every power or privilege in said collateral bond conferred
upon the obligee thereof or its assigns, and in said coliat«raI
inortgnge conferred upon the mortgagee thereof or its assigos,
as fully in all respects as the liailway
Company could
liaTe
done had these presents not been executed.
INTEKESr AND PRINCIPAL TO BE PAID PUNCrTUALLY WITHOUT DEDUCTION FOR ANY TAX.
Second — The Railway Company herebv covenants that it
will punctually pay to the hoMers of tlie bonds secured hereby the interest and the principal thereof, when and os the same
shall become due and payable, according to the terms and
conditions in the said bonds and coupons set forth and that
every such payment of interest or principal shall Ijo made
without any deduction for any taxes which may be required
to be paid or deducted therefrom, the Railway Comi>any
;
hereby agreeing to pay
all
such taxes.
ALL BONDS HEREUNDER TO BE EQUALLY .SECURED.
Third— All of the bonds secured hereby shall be wiually secured without regard to the times when the said bond.'i, or any
of them, shall have been actually issued, or to any other
matter, and without any discrimination or preference whatever in favor of any one over any other.
DEFAULT HEREUNDER—TRUS FEES TO COLLECT INTEREST OK
COLLATERAL BOND,
Fourth —In case of default in the payment of the principal
or interest due upon any one or more of the bonds secured
hereby, the trustees shall collect the interest payable upon the
said collateral bond, and apply the same, pro rata, to tne payment of any interest that may be over-due and unpaid upon
the outstanding bonds of the Railway Company secured
hereby. But until the Railway Company shall make default
in the payment of the principal or interest upon any of the
said bonds secured hereby, the trustees shall, upon the production to it, canceled by the Railway Company, of any of
the coupons secured hereby, which may be then due, and upon
its request and the request of the Cairo Company, credit upon
said collateral bond as for interest paid thereon, the amount
of such canceled coupons,
ENDORiEMEN'T BY TRUSTEES.
DEFAULT ON COLLATERAL BOND— COLLATERAL MORTtiAGE
Bach of said bonds whether coupon or registered before it MAY BE ENFORCSD AND
RAILROAD SOLD IN FORECLOSURE.
becomes obligatory against the Railway Company, shall have
Fifth. In case of default in the payment of the princiendorsed upon it a certificate by the said Central Trust Compal of the said collateral bond, whether at its maturity or
pany, one of the trustees, in the following form
after default in payment of interest and demand therefor, or
[Forvi of Trustees' Certificate.]
in the payment of any interest when due thereon, or in case
" This bond is one of the series of bonds, being in all for the
of default in the observance of any requirement binding
^' gum
of Ten Million Dollars, mentioned in the Trust Deed and upon the obligor contained in the said collateral bond or in
" Affreement of even date heremth, exeeuted by the Cleveland
the said collateral mortgage securing the same, then the
*' Cincinnati Chicago & St. Louis Railway Company,
and
may proceed to enforce their rights as assignees of the
" dated the first day of November, 1890. The said Company trustees
obligee in said collateral bond, and as assignees of the mort"
—
'•
•
h<M transferred to, and deposited with, the undersigned the gagee in said collateral mortgage. And accordingly they may
bond and collateral mortgage of the St. Louis either declare the principal of the collateral mortgage due, or
Dilution in said Trust Deed and Agreement mentioned.
enter upon and sell the property covered by the collateral
• New York, November 1, 1890.
mortgage, or in any other manner exercise their powers
" CENTRAL TUUn COUPANY OF NEW TORS,
collateral
By
MONEY
thereunder.
.'•
'•
TRAJJSFER OF PURCHASE
LIEN, Ac, TO TRUSTEES.
Now, therefore, in consideration of the premises, &c., &c.,
the parties hereto have for themselves and their respective
successors and assigns, covenanted and agreed as follows
FrasT The Railway Company, party of the first part, hereby
transfers to the trustees, parties of the second part: first, the
purchase money lien reserved to the Terre Haute Company,
ita successors and assigns, for the purchase price (being §10,OOO.OtX) and interest) of the St. Louis Division of the St. Louis
Alton & Terre Haute Railroad Company hereinbefore mentioned secondly, the 4 per cent gold bond of the Cairo Vincennea & Chicago Railway Company for $10,000,000 hereinbefore described, and all moneys due or to become due thereon
thirdly, the indenture of mortgage executed by the Cairo
the trustees
force
;
;
&
Chicago Railway Company as aforesaid, upon
the premises therein described, to secure the payment of the
principal and interest of the said bond last mentioned for 510,000,000, which said bond and said mortgage are hereinafter
resi>ectively called the " Collateral Bond" and the " Collateral
Mortgage ;" and fourthly, all the right, title and interest of
«very character which remained in the Terre Haute Company
in the said St. Louis Division and its appurtenances and fran<;hi8e8 after the conveyance thereof as hereinbefore mentioned
to the Cairo Company, To have and to hold the same forever
to the parties of the second part, jointly and not in common,
and to their successor and successors under the trust hereby
created.
COVENANTS—COLLATERAL BOND
IS
FREE FROM OTHER
HENS, ETC.
The Railway Company covenants with the trustees and all
bondholders hereunder that it is the lawful owner of the said
collateral bond and collateral mortgage, and has full power so
to transfer and set over the same. The Railway Company
further covenants that the said collateral bond and collateral
mortgage are free and unincumbered of any other pledge,
lien OT claim whatsoever; that no part of the sum of $10,000,000
mentioned in the said collateral bond and collateral mortgage,
or of the interest thereon from the date hereof, has been paid.
The Railway C'om|>any will forever defend to the trustees and
their successors or a'ssigns and to every owner of any of the said
bonds secured hereby, and against the Railway Company and
every other corporation and peri^on whatsoever to claiin the
same, the said collateral bond and collateral mortgage hereby
assigned. And the Railway Company hereby appoints the
trustees to be its attorneys, irrevocable, in its
name
to exercise
may
institute in
any court of
payment of the
said collateral bond.
FORECLOSURE SALE OF RAILROAD—TRUSTEES MAY PUR
:
—
Vincennes
And
competent jurisdiction, appropriate proceedings in equity or at
law, or both, to foreclose the said collateral mortgage, or en-
CHASE.
property mortgaged by said collateral mortgage shall
be sold under such foreclosure proceedings or otherwise, in
pursuance of any provision of the said collateral mortgage,
then the trustees may, in their discretion, purchase the same
for account of the Railway Company, at a price not exceeding the full amount due on said collateral bond and all the
costs and expenses of such sale. The trustees may make their
payments upon such sale by a credit ujx)n the amount due upon
the said collateral bond or otherwise, as they may be advised.
It the
RAILROAD WHEN SO PURCHASED TO BE OPERATED AS
SECURITY FOR THE BONDS OUTSTANDING.
When the railroad property covered by the collateral mortgage shall be thus purchased, the trustees shall administer the
same as a security for the payment of the principal and interest of the bonds hereby secured.
And tne trustees may
operate the said railroad property and collect all income,
rents
and other
issues
and
profits thereof.
OR RAILROAD MAY BE TURNED OVER TO SOME PERSONS OR
CORPOKATION.
the ti^istees shall deem it better so to do, they may de-^
mise and let the said railroad property or any part thereof to*
any persons or corporations for such times and at such rents,
and generally upon such terms, as to the trustees shall seem
fit, and they may for such purpose promote and aid the formation of a railway corporation or railway coijwrations for such
purpose.
Or
if
DEFAULT—APPLICATION OF INCOME FROM SALE OR OPERATION OF RAILROAD.
The net iccome arising from the use and operation of the
said railroad or railroad property by the trustees, or from letting the same as aforesaid, shall be used and applied in the
manner and according to the conditions provided in the Sixth
Article of this indenture. If such railroad property shall be
sold in such foreclosure or other proceedings to any ]>urchaser
ither than the trustees, then the trustees shall receive the
proceeds of such sale. And such proceeds of sale and any other
moneys representing directly or indirectly the principal of the
railroad and railroad property described in said collateral
mortgage, shall be used in the manner provided in the Sixth
IrtJcle of this indenture.
THE CHRONICLE.
44
MAJOR
[Vol. Ell.
to sell at public auction in the city of
New York,
after adver-
BY A
TRC3TEE8 REQUIBED TO ACT OS KEQUISmON
tising notice of the time and place of sale not less than once
ITY INTEREST OF BONDHOLDERS.
a week for six successive weeks in the cities of New York,
t?i>4!f<l /^^,*'^^!!
Upon a reasonable indemnity being'"ajon^y
Cincinnati and St. Louis, the said collateral bond and collattends
ofthe
a
holders of
agXt all expenses, thewntmg,
eral mortgage; and also all other securities or other property,
to exer
trustees
the
require
hereby secured may, in
real or personal, received or controlled by the trustees, and
performmg,
or
exercising
from
wrfornTor to refrain
bonds secured
here ofore in held by it as security for the payment of the
an^of th^po™™ and any of the axjts which
they hereby. Or if such sale cannot be eflEectually and conveniently
provided
been
has
it
indenture,
tte Rf ih Articfe of this
had without proceedings in equity or at law, or otherwise,
aforesaid
may ex«cise or perform in any case of default as
then upon such written request of such holders of a majority
the enforcement of the rights
SL
whether such power or act be in
declaring principal due, or in
as obligees, or mortgagees, or in
property, or in mstimortgaged
the
seutng
and
entering upon
purchasing the
or
law,
or
equity
in
prosecuting
iid
tuting
respect or thing,
manner,
other
any
in
or
mortgaged,
property
hereinbefore permitted to the trustees.
m
DISPOSITION OF FUNDS DERIVED
FROM RAILROAD
MORTGAGED.
of
the trustees shaU hereafter be in receipt
or
moneys which shall be either proceeds of sale of a raUroad inof this
railroad property as mentioned in the Fifth Article
or inOidenture, or any other moneys representing, directly
property derectly, the principal of the railroad and railroad
SIXTH— If
moneys
shall
scribed in said collateral mortgage, and if such
the teusnot be required to meet expenses to be incurred by
Fifth Article
tees in the exercise of powers as provided in the
of as
of this indenture, then such moneys shall be disposed
then
follows, after first paying therefrom any costs which may
be due and payable pursuant to the provisions of this mden-
amoimt of which costs, charges and expenses shall
thereupon be forthwith repaid by the RaQway Company to
the fund held by the trustees:
ture, the
(I)
BEFORE DEFAULT HEREUNDER.
of said bonds outstanding, the trustee shall prosecute such
proceedings and therein seek to procure such sale to be effectually had.
APPLICATION OF PROCEEDS OF SALE | OF COLLATERAL
BOND.
From
first be paid the costs
residue, or so much therectf
as may be necessary, the trustees shall apply towards the payment and discharge of the principal and interest which shall
the proceeds of such sale shall
and expenses thereof and the
then be due and unpaid upon all the bonds secured hereby,
then outstanding and unpaid. Such payments shall be without preference of interest over principal or of principal over
interest, and no priority or preference shall be given to any of
the said bonds. Any surplus moneys remaining after the full
payment of such bonds, principal and interest, shall be paid
to the Railway Company.
DEFICIENCY TO PAY BONDS—TRUSTEES MAY TAKE LEGAL
PROCEEDINGS TO PROCURE FULL SATISFACTION.
If, after applying all the proceeds of such sale to the payment
of the bonds secured hereby, there shall be a deficiency in the
full payment of the principal and interest due on any of the
said txmds, then the trustees may, in behalf of the holders of
the said ;bonds then outstanding, take any further proper
proceedings at law or in equity to recover the amount of such
deficiency, and to procure the full satisfaction of the said
.
shall be in no default in the payment of princiwal or interest of any of the bonds secured hereby,
then the trustees shall invest such moneys for the Railway
If the
Railway Company
in such unencumbered property, bonds or railway
or other securities (among which any of the bonds secured
hereby may be included), as may be prescribed by the holders
of a majority of the bonds secured hereby, and to the security
of which reasonable objection shall not be made by the trustees
or the Railway Company. Or, if the holders of a majority of
the bonds secured hereby shall not prescribe such investment,
then the trustees may make such investment in their own discretion in any unencumbered property, bonds or other securities, as aforesaid, to the security of which reasonable objection shall not be made by the Railway Company.
The income of every such investment and also the net income
of the operation by the trustees of a railroad or railroad property as mentioned in the Fifth Article of this indenture, shall
be received by the trustees and disposed of as provided in the
Fourth Article of this indenture with reference to the interest
paid upon the said collateral bond. The principal of every
Buch investment shall be administered by the trustees upon
the same trusts in all respects, so far as applicable thereto, as
those to which said collateral bond and collateral mortgage
are to be held subject hereunder.
Company
bonds.
[TO LEGAL PROCEEDINGS FOK
ENFORCEMENT OF LIEN HEREOF.
TRUSTEES MAY RESORT
—
Eighth. Except as the trustees may, as hereinbefore provided, be required to proceed by the holders of a majority of
the outstanding bonds secured hereby, the trustees may, in their
discretion, resort to any appropriate proceedings, legal or equitable, which are, in their judgment, necessary or expedient for
the maintenance, enforcement or satisfaction of the lien hereby
created upon the said collateral bond or collateral mortgage,
or upon any property of any kind which may become security
for the payment of the bonds secured hereby.
SALE OF COLLATERAL BOND OR OTHER PROPERTY—TRU6^
TEES MAY PURCHASE.
Ninth — Upon any sale of the collateral bond and collateral
mortgage or of any securities or other property, real or personal, which shall be held by the trustees as security for the
payment of the bonds secured hereby, or of the railroad or
other property covered by the collateral bond and mortgage,
in pursuance of any powers hereby conferred, the trustees
may buy the same, or any part thereof, for the holders of the
bonds secured hereby, paying therefore by a credit upon the
(2) AFTER DEFAULT HEREUNDER.
amount due upon this mortgage. Provided, however, that
If the Railway Company shall be in default in the payment of
the principal of the said bonds secured hereby, when the moneys the price to be paid shall in no case exceed the amount due
upon the outstanding bonds secured hereby, principal and infiiBt mentioned in this Sixth Article, or when such net income
terest, together with all charges and expenses of the sale.
of the operation by the trustees of railroad property,
shall
come to the hands of the trustees, then the trustees shall treat TRUSTEES MAY BE REMOVED BY VOTE OF A MAJORITY INTEREST OF BONDHOLDERS.
such moneys in all respects as moneys should be treated reBultine from a sale of the collateral bond and collateral mortTenth Either of the trustees may be removed from office
gage as provided in the Seventh Article of this indenture. If by the vote of the holders of a majority in amount of the outthe Railway Company shall be in default in the payment of standing bonds secured hereby. Such vote shall be given in
the interest of the said bonds secured hereby, when the person or by proxy, specifying the precise nature of the vote,
moneys first mentioned in this Sixth Article shall come to at a meeting of bondholders, to be called in the city of New
the hands of the trustees, then the trustees shall hold such York by the holders of one-tenth of said outstanding bonds,
moneys, and with such moneys the trustees shall also hold upon a notice published in the cities of New York, Cincinnati
any interest paid upon the said collateral bond and not paid and St. Louis for six weeks if the Trust Company is to be reover to the Railway Company, as required by the Fourth Ar- moved, otherwise for three weeks.
ticle of this indenture, such moneys and such interest to
be so NEW TRUSTEES TO BE APPOINTED BY^ COURT ON APPLICAheld until it he determined whether the principal of the said
TION OF ONE TENTH INTEREST OF BOND-
—
bonds secured hereby is to be declared due. If such declaration be made, then such moneys shall be treated in all respects
as moneys should be treated resulting from a sale o£ the
collateral bond and collateral mortgage, as provided in
the Seventh Article of this indenture, and if such declaration be
not
made, then such moneys shall be invested as in this article
hereinljcfore provided in the case of such moneys
coming to
the trustees when the RaUway Company shaU not be in
default
respect either of the principal or the interest of
the
HOLDERS—OTHER PROVISIONS.
In the event of the removal, neglect, refusal or incapacity to act of either of the trustees hereunder, then, upon
the application of the ovraers of one-tenth in amount of the
outstanding bonds secured hereby, and upon due notice to the
parties hereto, and to the bondholders hereunder, a new trus9
tee shall be appointed by any court of competent jurisdiction sitting within the States of New York. Ohio, or
Illinois.
It is the intention that one trustee shall always be a
bonds secured hereby.
trust company, or like corporation, organized under the laws of
DEFAULT FOB THREE MONTHS-PRINCIPAL MAY BE DE the State of New York, and authorized to execute trusts like
those herein conferred upon the trustees, with a full paid capGLARED DUE
ital of not less than $1,000,000 and a surplus of not less than
Skvknth.— In case of default for three months in the
pay- $500,000. If such
ment of the pnnciiial or interest due on any one of the
a trust company or corporation be nombonds inated by the holders of
secured hereby, it shall be the duty of the trustee
a majority of the outstanding bonds,
in every
such
nominee
shall be appointed the new trustee unless good
such ^e, upon the written request of the
holders of a
objection
to
such
majority of the said bonds at the time outstanding,
nominee be established.
to declare
All instruments, papers and memoranda relating to the trust
the principal of all the said bonds to be forthwith
due and hereby created
payable and thereupon such principal shaU become
shall, so far as practicable, be deposited with
forththe Central Trust Company of New York, or its successors, in
with due and payable, anything in the said bonds
to the conthe trust hereby created. In case the said John T. Dye or his
trary notwithstanding.
successor should at any time refuse to act with the Central
DBFAVLX FOB THREE MONTHS-COLLATERAL BOND MAY
BE Trust Company of New York in the trust hereby created, then
SOLD.
the Central Trust Company of New York, or its successor in
And, upon like written request by such majority
holders of the trust hereby created may proceed alone, as if it were the
•aid Iwnds at the time outstanding, the
trustee sliaU prc^S sole trustee hereunder.
m
;
January
I
1801.]
8,
HE CHRONICLE.
DBBOe OF FUBTHEB AS8UBAKCB.
Eleventh.—The Railway Company shall, from time
to
time, u[K)ii iho rwi\iest of the trustees, execute and deliver any
other deeda which shall l>e necessarv to assure the title of the
trustees to tlie collateral btmd an<l collnteral mortgas;e, or
to the railroad and other property included in said mortgage,
COMMERCIAL EPITOME.
Friday Nioht, Jan.
&c.
RAILWAY COMPANY WILL PAY TAXES ON COLLATERAL BONDThe Railway Company will pay punctually all taxes and
asseesroents ue and payable
or tlie collateral mortgage.
<
upon either the
collateral
45
bond
Washington advices are just
2,
1891,
at present interpreted as indi-
cating that there will not be at th6 current session of CoogreM
any legislation affecting the public finances, and this is regarded
Speculative circles have become more active, and
have made important advances, while in regular trade it is confidently believed
that the new year will bring a revival of business on a satisfactory scale. The weather was wintry the first half of the
with favor.
TRUSTEES TO HAVE ACCEH8 TO BOND REGIBTRY.
trustees shall, at all reasonable times, have free access
registry kept by the Railway Company of the bonds
secured hereby and shall be entitled on request to a list of
the registered holders of bonds, showing what and how many
bonds are registered in the name of each holder.
The
to the
;
some
of the leading staples of agriculture
week, heavy snows having fallen, even in middle latitudes,
RESPONSIBILITY OF TRUSTEES-INDEMNITY FOR EXPENDI- somewhat obstructing railroads; but the last two days the
TURES.
temperature has been higher and the snow in this section has
Thirtkkntii. Neither of the trustees hereunder shall incur
any responsibility whatever except for the negligent, wilful disappeared rapidly.
or intentional breach by such trustee of the terms, conditions
Lard on the spot made an important advance early in the
or provisions of the trust. Nor shall the trustees be bound to week, but to-day turned easier, closing fairly active at
5'06c.
undertake any proceeding at law, or in equity, or otherwise,
for prime city and 6 -20(3 6 -221.^0. for prime Western, with
for the protection of the holders of the bonds secured hereby
involving expenditure of money, unless adequate indemnity refined for the Continent quoted at 6-05@6-.50c. The speculaagainst such expenditure be furnished by the bondholders tion in lard for future delivery was active at buoyant prices
asking such proceeding.
from the opening on Monday to the close on Wednesday.
MEANING OF TERMS "TRUST ESTATE," ETC., '.USED IN THIS The demand was mainly
to cover contracts, owing to the conINDENTURE.
Fourteenth.—Wherever either of the terms " railroad " or tinued small number and light weight of swine received at
''railroad property," "trust estate " or " trust property " is Western points, making the production of lard much smaller
hereinbefore usedi there shall be deemed to be included than last winter. This morning
May options sold at 6-71c.,
within the meaning thereof every franchise, right or claim
appurtenant to such railroad or railroad property, trust estate but some decline followed under sales to realize.
OAILT OUMinO PKICKB OF LABD rDTUSKS.
or trust property.
Sal.
Hon.
Tuet.
Wed.
Thur.
JH.
WHEN PRINCIPAL AND INTEREST ARE PAID TEU8T TO January delivery
6-14
6-20
6-25
6-20
o.
60S
a
TERMINATE.
6-24
6-28
February delivery
6-32
6-37
o.
6-33
o
6-38
6-43
6-46
6-49
..c.
6-45
g
FIFTEENTH. If the principal and interest upon the bonds March delivery
April delivery
6-48
6-59
c.
653
6 56
6-5&
p
secured hereby shall be paid when due, the trustee, upon de- May delivery
6-58
6-63
6-66
6-69
6-84
o.
T'
livery to it of the said bonds, shall cancel the same, and
Pork has been much more active, and to-day was firmer
thereupon the said collateral bond and collateral mortgage,
etc., shall forthwith be transferred and conveyed to the Rail- with a good business; quoted at $10(g$ll for old mess, |U 50
way Company.
@$12 for new messa $10(a$10 50 for extra prime and |11 50®
BONDS FOB $260,000 TO CONSTITUTE A SINKING FUND.
$13 50 for clear. Beef declined early in the week and closes
Sixteenth. And whereas, the Terre Haute Company has dull; extra mess $7@ $7 95, packet $8® $8 50, famUy $9®$10
agreed that of the said bonds to be delivered to it as aforesaid
per bbl., extra India mess $13'^ $14 50 per tierce, Beef hams
bonds of the par value of $250,000, to be known as the sinking
fund bonds, and each to be endorsed with the words " Sink- quiet at $12(a$12 50. Cut meats have been more active and
ing Fund Bond," shall be assigned and delivered to the Cen- the sales Ito-day included 20,000 lbs. pickled bellies, 10® 18
tral Trust Company of New York, as one of the trustees here- lbs. average, at
5c.; quoted: pickled bellies 4%® 5^c., pickled
imder, for the further securing the remainder of the bonds of
shoulders 4@4}^c. and hams 7}^(S7i^c.; smoked shoulders
this issue, now, therefore, it is further covenanted and agreed
•^MS5/^c- and hams 83^@9c. Tallow is active at 4 9-16c.
as follows:
SINKINQ FUND INCOME TO BE APPLIED TO THE PURCHASE, Stearine is quoted at S%@ 7c. and oleomargarine steady at
IP POSSIBLE, OF BONDS HEREBY SECURED AT
Butter in more demand at 23® 30c. for creamery.
5fgC..
NOT EXCEEDING 105 AND INTEREST.
Cheese firm at 8>i@9^c. for State factory, full cream.
The said Trust Company shall receive the interest upon the
Coffee on the spot was depressed and to-day further desaid sinking fund bonds, and shall, within sixty days after the
receipt of each instalment of interest, apply the same to the clined, Rio closing at 17%@17>^c. for No. 7, at which there
purchase of outstanding bonds other than sinking fund bonds was a better business done; the sales of mild grades, including
secured hereby at a rate not exceeding 105 and accrued inter- 12,000 bags Padang, private
growth, at 23J^c. The speculatitm
—
—
—
est thereon.
Or, if within such sixty
Company shall be unable to buy such
days the said Trust
bond or bonds within
the rate aforesaid, then the amotmt of such income received
from the sinking fund bonds shall be paid to the Railway
(Jompany. When funds for purchase of bonds are in hand,
reasonable public notice shall be given in the cities of New
York, Cincinnati and St. Louis inviting bids for the sale to
the Trust Company of such bonds.
The bonds from time to time so purchased shall thereafter
be in all respects endorsed, and con.sidered, both as to principal and interest, as if they had been originally part of the
sinking fund bonds. The Trust Com]>any snail receive the
principal of the sinking fund tends, when due, unless all the
other bonds secured hereby shall have been fully paid; and
upon default in the payment of the principal of any of the
said bonds secured hereby not be included in the said sinking
fund bonds, the said Trust Company shall apply the moneys
received from the principal of the sinking fund bonds in payment ratably and without preference of the said outstanding
bonds.
ON PAYMENT OF OUTSTANDING BONDS IRAILWAY COMPANY
TO RECEIVE SINKING FUND BONDS, ETC.
It is the intention that upon the payment in full by the
Railway Company of the said outstanding bonds secured
hereby, being the bonds secured hereby not included in the
sinking fund, principal and interest, the Railway Company
shall be entitled to receive the said sinking fund bonds and all
accumulations theron, and the investments of interest or
other proceeds thereof which shall remain in the hands of the
Company.
SINKING FUND BONDS ARE NOT TO BE RECKONED IN
ASCERTAINING A MAJORITY INTEREST
said Trust
OF BONDS HEREUNDER.
The sinking fund bonds
shall not be reckoned in ascertainholders of a majority of the bonds secured hereby, as
provided elsewhere in this indenture, anything herein to the
contrary notwithstanding.
_
mg the
in Rio options has felt the effect of depressing foreign advices,
but values today were fairly well sustained, closing steady
with
sellers as follows:
January
February
16-30c
15 85e.
March
15-550.
April
15-250.
lo-lOo.
May
1
July
Au(t«gt
..
14-800.
14-460.
14-900. September
June
14-200.
showing a decline for the week of 15® 30 points.
Raw sugars remain quiet, but prices are steady at 4 9-16c.
for fair refining Muscovado and 5i^c. for centrifugal of 96
I
I
—
<iegree8 test.
Nothing of moment was done to-day. Refined sugars are in better demand, but at lower prices. Standard crushed, 6}^c., and granulated 5 15-16c. ; but to-day some
of the ' soft" grades made a partial recovery. There was no
tea sale this week.
On the Metal Exchange Straits tin sold to-day at 20-15c. for
January and closed firm, with May options quoted at 20-30c.
Ingot copper dull and heavy at 14c. for Lake. Lead is nominally firmer at 4-20c.
The interior iron markets continue very
dull, and production has been further reduced by the stoppage
of works. The iron business of Rttsburg in 1890 was 327,000
tons, or nearly 16 per cent less than in 1889.
Kentucky tobacco has been dull, and the sales for the week
are only about 100 hhds. The movement in seed leaf also
has been very moderate; sales for the week are 1 ,000 cases,
as follows: 400 cases, 1889 crop, Wisconsin Havana, 9c. to
12c., 150 cases, 1889 crop, Pennsylvania seed leaf, 8'^c. to
18c.; 100 cases, 1888-89 crops, Pennsylvania Havana, 13i|c. to
30c.; 100 cases, 1889 crop.
England Havana, 16c. to 46c.,
100 cases 1889 crop. State Havana, 13}^ to 20c., and 150 cases
stmdries, 6c. to 30c.; also 700 bales Havana, 70c. to $1 15.
Refined petroleum is firmer at 7-40c. in bbls. and 9-30c. in
cases; naphtha, 7-'20c.; crude in bbls., 7c.; crude certificates
sold to-day at 72?4@74J^c., closing at 72 J^® 73c. i)er bbl.;
spirits tur(>entine is easier at 38?^® 39J^c. rosins are dull and
weak at $1 40$|1 42}^ for strained. Wool and hops are firm,
New
;
showing some improvement.
THE CHEONICLK
46
COTTON.
Fkiday. p. M., January 2, 1891,
as indicated bv our telegran s
CROP,
THE
OF
THE MOVKMENT
below. For the .^^k ending
given
is
to-night,
frSihe South
have reached 246,989 bales,
receipts
total
the
this eveniDK
previom
bales last week and 266.337 bales the
5^stT70.782
1890,
the total receipts since the 1st of Sept.,
of
against 4,336,718 bales for the aame per,od
ot I49.7ai) paies
1888-90. showing an increase smce Sept.l, 1890,
Total.
Fri.
Wed. Thurs.
Tues.
Hon.
Sal.
JUceipta at—
SSk, mating
lm:r.l bale?,
[VO!. LIl,
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, wliich are prepared for our special use by Messrs.
Beaver
Street.
Lambert. 24
Carey, Yale
We
&
On
Sli
ipboard, not cleared—for
Leaving
Jan. 2 at—
Great
Britain.
Coastwise.
Oilier
France,
Foreign
Stock.
Total.
,
|
Kew
3,779
6,7331 10,6471
Oalveston
El Faso, &c.
33,991
1,073
1,539 90,171
2,650 10,610
3.084
4,960
4,791
327
746
19,513
1,956 2,879
18,37.5 22,882 22,651
Orleans..
2,128
997
Mobile
5,211
489
Florida
Barauuah
Bnmsw'k, Ae.
7,275
Clurleston..
Port Royal.dkc
2,812
4,382
8,443
2,618
1,490
5,727
4,183
1,229
4,012
197
686
4,404
2,081
31,243
13,267
10,614
646
1.789
Now
Orleans...
Mobile
CUarleston
Savannali
Galveston
Norfolk
..
..
,
New York
Other ports
Total 1891.Total 1890...
Total 1889
761
None.
21,497 29,789
None.
None.
NODP.
8,000
1.500
6,500
None.
726
None.
4,000
1,100
2,450
None. 13,000
1.000
3,000
12.621
4.000
130,146
24,097
76,064
57,081
19,898
13.C97
13,277
10,000
10,000
13,400
35,869
18.000
3.600
27,000
None.
None.
70.324
10.000
19.000
25.000
49.216
26.000
7.150
40.000
258,693
36.332
48.123
83,526
73,606
27.210
85.583
46,253
64,465
21,982
246,690
659,325
72.891
75.379
27.483
19.890
196.336
160.047
609.596
740,986
The speculation in cotton for future delivery at this market
was without decided or important feature at the opening of
Wa*'gton,&c
the current week on Saturday last, but in the course of the
2,908 5,918 3,318 2,738 4.030 1,949 20,971 uext three days was quite active, values at the same time
Norfolk
8,791
2,497
629
West Point... 1,460 1,542 2,8€3
showing considerable buoyancy. The demand was mainly to
2,730
2,143
596
N'wp'tS'a.Ac.
cover contracts, and this demand was stimulated by a sharp
6,625
1,033
629
1,219
1,191 1,819
711
New Yorli
upward turn to the Liverpool market, where (it was said) our
403
4,295
320
150 2,303
480
639
Boston
relatively moderate crop movement for the past six weeks
3,609
1,624
1,985
Baltluore
caused the general abandonment of maximum crop estimates,
2,071
371
815
476
216
106
57
Phila<lcli(li'a,&(
and where also this restricted movement and the derangement of the markets for exchange caught parties on this side
Totals tills -wEeli 12,1^43 51.'J92i 15,367148.256 21.816 26,715 216,939
"short" in the Liverpool' market and led to the necessity of
iFor comparison we give the following table showing the
buying there to fill their contracts. The advance at the highweek's total receipts, the total since September 1, 1890, and est prices in Wednesday's business were 22@34 points for the
the stock to-night, comrared with last year.
active months over the closing prices of the previous Friday,
the early months improving most. The later dealings on
Stock.
1839-90.
1890-91.
Ktteiptf to
Wednesday were at sharply declining prices, under sales to
Since Sep.\ This
Since Sep.
T/iU
Jan. 2.
1890.
realize, stimulated by the marked excess in receipts at the
Week.
1890.
Week.
1889.
1,
1,
ports over the corresponding date last year. To-day was
81
22;
526
767
Wilmington
1,428
3,019
211
211
1
1
Galveston...
El raso.&c.
New Orleans.
Mobile
Florida
Savannab.
..
l^runs., &c.
Charleston ..
P. Royal,A(
WiiminKton
Wasb'ln,du
.
Norfolk
West Point
NwptN.,&(
Hew York.
..
Boaton
Baltimore. ..
PuU'del'a.Ac
759,222 21,063 691,101
1,073
10,792
6,672
1,035
00,171 1,271,323 88,594 1,428,462
10,610 202,880
8,702
191,965
686
32,279
730
19,097
31,243 786,875 32,642 763,081
13,207 •136.490
4,304 114,021
10,611 331,256
4,763 278,906
529
216
1,607
3,019 145,902
1,777
114,588
211
2,676
203
2,800
20,971
411,810 15,645 306,283
8,791
221,745 13,724 211,544
2,739
28,314
3,237
31,524
6,62.?
32,627
6,357
51,571
4,295
45,899
4,665
36,632
3,609
34,881
9,362
35,522
2,071
24,947
1,621
18,340
33,994
122,822
72,215
329,017
46,332
363,779
23,140
108,526
6,083
67,122
92,214
3,218
35,743
22,023
10,290
53,210
19,799
4,055
92,733
39,523
21,001
8,159
5,134
2,321
129,674
10,500
12,782
8,503
Totals
216.989 4.18ii.477 218.640 4.336.719 906,015 805,932
' 4.200 bal(.8 added as corrcft on of re ceiDts
sinee Sentftmb fir 1.
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
B'.rtipis
at—
GalT'Bton,&c
New Orlean;
Mobile
Bavannab.
..
CIiarl'st'n,di('
WUm'fft'n.&c
Norfolk
W't Point, 4c
Al'otbprs....
1891.
1890.
35,007
90,171
10,610
31,243
10,614
3,230
20,971
11,530
30,553
1889.
22,098
88.594
8,702
32,642
4,979
1,950
15,645
16,961
27,039
1888.
22,576
88,511
8,468
24,740
9,813
4,662
8,465
19,288
1887.
18,538
56,361
9,459
19,707
7,016
1,924
14,673
16,213
15,417
16,401
1866
18,106
74,054
7,42b
10,588
6,576
week ending
this
ealT*ston...
Wow Orteans
ii.«4t
8S.MJ
1
1B.478
ii,m»
328,192' 21.933.
l».m
68,052
Mob.JkPenc'ta
8«r«Dnah
Brunswick
.
.
.
67,9£0j
9.300'
88,295
79.001
23.6971
».100
(.ino
WllminctoD
72.022
1,600
l,60o!
W«t Point.
67.228
159.868
10311
10.811
8.281
8.2S1|
H'portNws.&r
Km Tork.
SMS
BoMon....
BalUmore.
8.IM
Pblla<)«lp'a.&c
U9«
Total
tm.i.
isae.Do.
S.SOI
S,T68l
Mi7
UO
3.m
10.385!
e.«5|i
SOI.lSl
917,622
267.124
399,086
57,960
93,i8e
10.330
136.644
225,198
49,622
110,850
11,540
81,181
202,088
100,517
38.987
8.241
94,102
1,620
32,807
''^
SM
84
8
639
>,
H5«
8=8
8l6,fi
8i»i,
9i,«
2
lb.
313,014
70.938
79,579
107.687
20^
1,181
10.127
1.655
11,782
70,072 i03.980^1.?03.316l329,8ai
1.015,341 8,078,521
'Kl''«0
1.%7U
4nA-..„l40.aS4't.72<)Xia.<7nifiO
951.251 3.051.223
7>8
8
m
8',e
SX,,
H'^-u
914
914
9^8
Fair
STAINED.
7
7'',„
7',«
8!,fl
8Mb
S^fl
81»,„
9 14
9M
9iii
91^
9^8
1018
10
10 M
10=8
1119
10?i
III4
6i,B
6-,(
615,f
713,,
Middling
8S8
615i6
71»ip
8=8
fi lb.
Frt.
8ll,«
9lta
8Ui^
9l,B
93s
9%
9H
05»
10
lOM
10%
1114
mon Xnes Wed
Low Middling
Strict
9ll,g
915ig
107j«
10161,
7
83|„
8»16
8'5,«
11%
Sat.
Good Ordinary
Good Ordinary
6^8
9'rt
9I18
Wed Tb.
6^H
7».s
lOig
105a
lOis
10=8
Ills
8%
8%
H
(.
raoD Tne»
e-'a
Ti-ifl
65,6
6IB18
713,6
858
Tb. Frl.
Holiday.
7',
71»i,
7li«
71<t,
8%
8?i
MARKET AND SALES.
The total sales of cotton on the soot and for future delivery
each day during the week are iiidicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SPOT MARKET
CLOSED.
SALES OF SPOT AND TRANSIT.
Export.
13,021
14.781
7B,S18
7ifl
7''«
Sat.
y
Ordinary
Total
298,379
13.0«l|
1.0S0
7
7^8
8I4
858
8l5,e
9'l6
O^ie
95,
9<is
»-'lfi
911.
9S',fl
9*i«
9 3,6 9li|, 913, f 9i»u
io.,„ lO^is lO*.,* 107, „
llOi^if
1013,f 1013iR 1013,„ 1015,
Middling
Good Middling
Strict Good Middling
Middling Fair
432,112
19,551
7
7
6»i«
Low Middling
Strict Low Middling
14,459
89.8061
Middling
Frl.
6ll,f
6*i«
6»ie
Good Ordinary
Strict Good Ordinary
78,C87
I
UfiBT
Cbarleaton
KtorfBtk
1I8.8IO]«>0,4S3
4.M0
Conti.
n«nt.
Low Middlin ff
Low Middling
Strict
Strict
evening reach a
Week. Britain: france\
lb.
GULF.
13,200
11,202
13,079
Mon Xnes Wed Th.
Sat.
y
Ortllnary
S"??";**
total
ofJ.no
^3,9.0 bales of which 107,087 were to Great Britahi 20
331
to France and 76,073 to the rest of the
Continent. Beiow'are
the exports for the week, and since September
1, 1890?
Wait BntUna .Tan. 2.
lycm Sent.l. 1890. f« Jan. 2 isBi
RxptrUdto—
Bxponed to—
Orwl ^
lOeiit*. Tbtal
ertat
Hrit'n.
UPLANDS.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Fair
1,807
—
—
Middling Fair,
4486.477 4336.719 3832.895 4144,858 3914.842
^°'' tl^e
——
—
Good Middling
Strict Good Middling
Tot this week 246,089 219,640 202,924 159,308 159,044
Bincp Rei>t. 1
nearly a repetition of Wednesday's market; a buoyant opening, a decline later on and a partial recovery in the latest
dealings. The buoyant opening was due mainly to a demand
from tbe bears to cover contracts, stimulated by the report of
small receipts at New Orleans; the decline was under selling
orders by local operators to realize profits; the partial recovery
was due to the moderate interior figures. Cotton on the spot
was dull, but the small stock in this market and sympathy
with the course of "futures" caused, on Wednesday, an advance of i^c. To-d^ the market was quiet but firm, at
9 5-16c. for middling uplands.
The total sales for forward delivery for the week are 463,100
bales. For immediate delivery the total sales foot up this week
for export, 1,02.5 for consumption,
1,035 bales, including
bales
for speculation, and
in transit. Of the above
were to arrive. The following are the official quotations for
each day of the past week Deceirber 27 to Januaiy 3.
Saturday Dull
Monday. Easier
Tuesday.. Steady
Wed'day Quiet at is adv.
Thursday
Friday... Quiet & steady.
Total...
Con-
Spec- Tran-
sump. uVVn
77
198
184
269
.
sit.
Sales of
Futures,
Total.
77
198
184
269
33,600
105.800
89.400
137.600
Holi day.
297|
297
95,700
1.0251
1.025
462.100
JANT7ABT
THE
3, ISOl.J
The Sales and Pbickb op Futures
CHROlSiCJJl
Bhown by
are
The
47
Visibi^e Supply
of Cotton to-n1»jht, as made iinbr«^ahie
The Continental sto'
II a»
those for Oroat Britain and the afloat are thin «
n«,
and conso(iu(.'ntly all the Kuropean flguros are ti y.i.,..i .l.(wn
to Thursday evening.
But to make the totalu the complete
figures for to-night (Jan. 2), we add the item of exports from
the
and
foIlowinK comprehensive table:
'
tele;:;raph, iH as follows.
i
'?
ay^f s??l s??? 25?f Q??!
S « »
2
^,
*
"•3
the United States, including in
6^
c.-O
CO
'
g;
ft
^U"
Si
B
»:
f
S:
Stock at Liverpool
Htock at Loudon
o:
CO
00
-5
Ut
I
I
«
M
1
is
tsoo
^
woo
"^
>
5
CBQO
6i
®»:
etsoe
GCOD
I
x®ox
»m:
1
to
teioo'-s
tOcDO'^
«» o WJ
»
cxoo
ceffl
»
«
low
2
icro
tc
u
^1
w
oi*';
I
©?^:
I
t3
tt 'X
Total American
East Indian^ BrazU^
XO
t£
"^
oi
'^
:,T
-X>
—
oa
~i
S3
^
=?'?
3-.C;
&?>:
I
o
»»oto
to
O
KCO
CD
oo,
^
-1 -1
2
I
too
2
too
»?:
to
toto o ®
I
to»
OO
9.-J:
I
•>!
CI
I
"^
-J
o
Ofi
3,430,906 3,233.181 2,947.903 3,081,686
g to
toto
Z
te--o
5'
cd
=?'?
<
2
en wi
tB
"
e*':
tctocto
I
rxi
o cc
tO»
&.»:
totooto
I
5
-qn
''
1
I
I
I
'I
*o.
I
Oi
XK
O.
C3
w *. ^i o a c
X teapots o
6.":
an
1
I
I
I
i:
I
*
I
I
I
«
I
i
«:
I
O' cs
w X 'C x
(f-
"-T
T.
>
Gc
^*hU
tc
b b^i jab
-^wc-'»*-^tcxw<iMaootc»p*os'Xtcto«
to K< *-
tD!»
o
I
i:
X CO
X M
X tc
X
03
10 05
yt CO
C;it--00*«^«4^QC'CCO>QC'*--OCCriCOO'«;0
--S
rfkMU»0»Cl-'t-'tia;»(-KC;»O«C0t^WOO
WXlO;
o c -- e- oo
o
tc p cc tc
*k QD
O C C6 5« «
core
CO c:
ro
C5 CO
e. -)- ~ ^1
ro
p-
CO
to
M
p M «0 M
I
^
roco
ptO
tob
I
K5;i
'^V
oj r: <- ct cc to 10
p^:>;ivX*>5J'c;t
(0 to n V icio
o
uic;(K.;09tcx
0 «• M
The following exchanges have been made during the week
54 pd. to exch. 1,000 Jan. for May
:;!
"to'ik'U'ji'
CD
'
c a
•
'
I
'
!
CO lU
CX
K c; c; — to to .^ *j ic w a a
i- *- H- h-^i a»p
JO u w^p #h rfifc^p^,^
cnbVj'i-xbb'—x'-rciMoeDbiccj'M^w
p pp
to
*•*
toc;*-io;xos',CQ--s^*-.chaDOiO'XOD'^ic;«
MW*-MM^CSO~
"XIOCC^OtOCDSl^
"
^p
rffcp
^xz
IC^CC
MX
i-*
t-«i-«
1^
i'^'^'WIO
&
CO
CO
..
to
K^p
tO^k-*
— j-COM
"-'tocoV-JoV — Mbby"--!
o cc r- o a at (0 to ^ o ti o ^ X X OD c to aa
CC'^XI0O>*
Incluaod In the above table, and shall continue each
week to give, the averaifo price of futures each day for o.ach month. 1
win be found under each d.ay followlus the abbreviation '• Aver." The
average for each month for the week Is also given at bottom of t ible.
Traosferable Orders— Saturday,
c.;
Monday, 8-80c.; Tuesday.
O-OOo.; Wednesday,
o.; Thursday,
o.; Friday,
o.
12 pd. to c.xoh. 200 Jnii. for Feb.
1 1 pd. to exch. 100 Jan. for Feb.
12 p<l. to exch. .lOO Feb for Mch.
•06 pd. toexch. 2,000 Sept. for J'nc
•13 pd. to exch. 100 Jan. for Feb.
c^J »- cc a» i^ m'w c O' c *. b 0: tf- mTc tob
W C ti
^c o
w
'^ in M O O ® O
h-*
bif We have
May.
a'-'WOlCWKMOiOSF
12
I
m
•15 pd. to cxch. 1,100 Mch. for Apr.
•09 pd. to exch. 100 June for July.
|3
1
IiicludR.s sales
Beptembcr, 18!)0, for Septsmber. 228.300; Septcm l)Cr-Oetobcc tor October, 349,300: 8ei>tcmbcr-Novcmber, for November,
382,700.
.15 pd. to exch. 400 Feb. for Mch.
.18 pd. to cxch. too Jan. for Fe;>.
69 pd. to cxch. 100 Jan. s. n. for
cxtcMX N-x **xott:'^ic "i-ccc:
o;xa^otorf.-iasKJ^iootJtoc:K-tio^j
CO&3C;iK)X*JC0OiCJtC0CC*-JC*.JtCOTXCH
^1
9»
I
I
1,
Cio
t£
to-o
i-*-
I
I
movement—that
3
©!£*-
Id:
the
week, and since September
O ic cc M *i :£ I—
I
lO'jc.
week have been
o
to
I
5u,gd.
OiSuc.
e.«:
totooto
cJid*oi
O"-
S^sd.
10'4C.
into Continental ports this
tj»
toto
91
o\A.
95i6C.
to
totooto
fiOo
t^^
SSif.d.
o
to
I
39,000
42,000
tctoos.
!r.»
^03
MO
'
8®:
do
13.1,300
si*:
tc-«c-i>
;
!»
to to
179,000
36,000
is the receipts
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1890— is set out in detaU in the
following statement.
ft!
X
109,000
6,000
68,200
49,000
48,000
supply
At the Interior Towns
^
for the
t= SI
to
to
I
5
>
a
tcso-o
iii^ca
OS
-J-4
OU
oo
O
C!
IOCS
MOI
».'«:
CD
ffl--o
6<i-
&I*:
?
I
<
a CM ^
ceo
I
208,000
16,000
103,400
66,000
50,000
118.000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 197,725 bales as compared with the same date
of 1890, an increase of 483,003 bales as compared with the
corresponding date of 1889 and an increase of 349,320 bales
as compared with 1888.
cq
CO
291,000
22,900
106.600
30,000
41,000
491.500 443,400 280,200 434.300
2,939,406 2,789,781 2,667,703 2,647,386
lE^ The imports
MJk
805,932
380,574
27,975
444,000
121.000 162,000
050,000 549,000
907,033 1,043,776
415.264 420,192
20,406
28,418
.551,000
2,939,406 2,789,781 2,667,703 2,617,386
American
Totiil visible
.545.000
<Cc.
Price Mid. Upl., Liverpool....
Price Mid. Upl., New York
o
730,000
300.000
&c
Total East India,
Total
go ^
619,000
326.000
599.000
906,015
455.971
33,420
London stock
Continental stocks
India aHoat for Europe
Kgypt, Brazil, <tc., afloat
o
tcto
48,000
007,033 1,043.77s
415,264 420.192
20,406
28.418
1
r-lverpool stock
o
<i
tcxo»
weoto
en
Q CO
«w
959,300
39.000
519.000
42.000
C5<^>,000
3,430,906 3,233. 18 1 2,947,903 3,08 .iH6
United St.atesiiiteriorstocks..
United States exports to-day.
66®b
H-OI
CO
'•CO
ec:o
<
WW
300,300
403,4'
..
r.lverpool stock
bales
Continental stocks
American afloat for Europe...
United States stock
«
cc>C£>p:s
ocob
(£:co<fi
"
1:12,200
858,200
49.000
432,ti00
3.:i00
151,000
Of the above, thototalsof American and other descriptions are as follows:
Amerxcan —
et i'
I
023.OOO
30,000
Total Continental stocks
Total visible supply
i®«
ad
oo
9r:
I
0,000
932,900
xor
»
^
00«
1888.
(ittlr.ooO
1,305,500 1,337,400
Indiucoltint atbiat for Europe.
r.c.ooo
30.000
A mer. cot t'li afloat fi>r Europe. .jyo.ooo 54 5,000
Ktryut, Brazil. Ac, atlt for E'r'pe
41,000
50,000
StocK in Uultcd States ports ..
»O(i,015
805,932
Htock 111 U. S. interior towns..
455.971 380.«74
33,4'.'0
United Slates exports to-day.
27,975
00 op
2
1889.
03^,000
10,000
Total Great Britain stock.
Htock At Hamburg
Htock at Bremen
Htock at Aiusterdam
Htoek at Kollcrdam
Htock at Antwerp
Stock at Havre
Stock at Marseilles
stock at Barcelona
Htock at Genoa
Stock at Trieste
Total Kuropean stocks..
SS
I
I
as."
»
C0
?s
I
I
I
a
3 8iy'<
B »'£
-=3
1890.
910.000
22,900
'I
;s;
I
bales
the exports of Fririay only.
it
1891.
"Jo*
00
d'
*^
M
MtO
aococoul-ic^to^Qo^ibViVoccVbVu
lyiuiHvllle Qeures "net" In both year*.
I.ast year's flgures are for OriOln.
This ycai'e figuree estimated.
s%
THE (JHRONICLE.
48
that the old Interior 8lx^»'« .Jave
and are to-night .4 097
receip^ at
UlS^etlLn^at the same period last year. ^The
the same
towns have been 4,727 bales less than
the towns
since Sept. 1 the receipts at all
The above totaU show
de«w«ed during the week
7,173 bales,
^Imm y^but
w^k
iSt
m lB»a-»u.
time
are 247.164 bales more than for the same
MARMTS.QOOTATIONS FOB MTODUNO COTTON AT OTHER
quotations ofJ^ddltag
In the table below we give the closing
markets for each
cotton at Southern and other principal cotton
day of the past week:
OK—
OIX>SINa QUOTATIONS FOR MIDDLIua COTTOH
Weelt ending
Jan.
2.
Mon.
Satur.
Gklveston
Hew Orleans
HobUe
fjavannsti
Ouu'legton.
.
Tiies.
9'16
8l*i«
9'ig
8i3u
9»l«
8l»i«
83i
838
9>3
8=8
8'8
93l8
9I8
8%
8%
8%
8%
9J«
9'fl
Wilmington
8%
8%
Hortolk
Baltimore..
8'8
9'18
9i«
9^
8'8
9'i«
Thurs.
Wednes.
Fri.
9>4
81»18
914
878
8^
8^
83i
S'ta
9>a
8^
8%
8%
95l9
gjs
958
9J9
9
miadelpbla
9»B
9»s
9%
9»i«
916
9»8
Angnsta..
9
9
9
9
9
Memphis
St Lonla
8^8
8'8
8'8
9>B
914
8''8
S'fs
9
8'8
9>8
9%)
8'8
9>e
914
8'8
9>s
Boston
.
S-'b
.
Cincinnati
9>s
9>4
lAralsTille.
9>4
closing quotations to-day (Friday) at other important
Southern markets were as follows
8'8»%
Ralelgli
9I19 Little Rock....
Oanta
89i«
914
Rome
Montgomery . 8^
Oolombns, Qa.
8>i
S^s
Selma
8\
ColombuK.HlBS
8% NftHhvlUe
Slireveport
S^ig
SHie
858
Natchez
Sofanla
The
I
.
Rkceipts From the Plantations.—The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Wuk
BectipU at the Portt. St'k at Interior Towns. Rec^pts from Plant'ns.
Mndmt— WS8S»
Mot. 28..
Dea
6..
••
IS
"
IB..
"
S6.
Jan.
2..
188»O0 1890-81 1888-89 1889-00 1890-91
1839-90 1890-91
282.750 301,536 282,992
"""•
288,337
277,989 »°°
279,181
258,081 288,518 253.091 308,102 247.959 345,968
213,060 265.488 241.318 343,011 270,808 383,831
267.W0! 252.812 2ri;,42» 383.817 320,809 416,847
254,913 2d-2,256|2«6.327 427,347 305.092 453.481
210,012'248.408 270.782 460,029 105,332 496.960
202.B2tl218.640'2t8.989l448.6e0 417,580 488.883
The above statement shows:
1.
308.0461302,613 200,316
298,443^296,539 303,161
272,719 283,648 314,261
191 ,560 1230,868 238 012
—That the total receipts from
the plantations since September 1, 1890, are 4,961,747 bales; in
1889-90 were 4,741,833 bales; in 1888-89 were 4,266,180 bales.
2.
That, although the receipts at the outports the past week
were 246,989 bales, the actual movement from plantations was
only 238,912 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 230,868 bales and for 1889 they were
191,560 bales.
—
Amount of Cotton in Sight Jan. 2.—In the table below
we give the receipts from plantations in another form, and add
them
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.
to
tlie
1890-91.
1889-90.
1888-89.
1887-83.
Reoelptsat the ports to Jan. 2. 4,486,47 7 4,336,719 3,832,895 4,141,858
Interior stocks on Jan. 2 in
excess of September 1.
475,270 405,116 433,285 437,974
'
Tot. receipts from plantat'ns 4,961,747 4,741,835 4,266,180 4,582,832
Net overland to January 1
Soathemconsumpt'n to Jan. 1
.
Total In sight January 2
.
northern spinners takings
January 2
.
. .
638,297
240,000
555,851
228,000
5«3,833
225,000
710,712
205,000
5,840,044 5,525,686 5,075,013 5,498,544
to]
1,175,918 1.056,2301,095,108 1,249,814
It will be seen by the above that the increase In amount in
sleht
to-night, as compared with last year. Is 314,358 bales, the excess
as
•ompared with 1888-89
ivsolies 341,500 bales.
is
765,031 bales and the gain over 1887-88
»aa< oo
Wkjither Reports by Telegraph.— Our telegraphic ad
vic^ from the South to-night are generally of a favorable tenor'
WhUe there has been rain in most districts the precipitation
has, as a rule, been light and the marketing of the crop
^ has
progreaaed satisfactorily.
Galveston, Texas.— The weather has been dry all the week
The thermometer has ranged from 40 to 70, averaging 55
During the month of December the rainfall reached one
inch
and fifty-eight hundredths.
Palestine, Texas.— It has been showery on two
days of the
week, the rainfall reaching twenty hundredths of
an inch
Average thermometer 53, highest 74, lowest 32. Rainfall
for
December one mch and twehe hundredths
HuntsvUle, Texas.-We have liad dry weather all the
The thermometer has averaged 52, the highest being 75week.
and
the lowest 34. December rainfall twenty-nine
hundredths of
an mch.
Dallas, Texas.— Haiti has fallen on two days of
the week to
the extent of seventy-five hundredths of an inch.
Picking is
pracUcally completed everywhere in Texas. The
thermometer
has averaged 52, rangmg from 32 to 71.
December rainfaU
seventy-five hundredths of an inch.
Luting. Texas.
[Vol. Ln.
—There has been no rain aU the week.
age thermometer
month
of
55,
highest 76, lowest
December two
AverRainfaU for the
34.
inches.
Columbia, Texas. —Rain has fallen on one day of the week,
the precipitation reaching fif ly-five hundredths of an inch.
The thermometer has averaged 55, the highest being 76 and
the lowest 34. December rainfall fifty-five hundredths of an
inch.
—
Cuero, Texas. We have had dry weather all the week.
The thermometer has averaged 56, ranging from 35 to 77.
December rainfaU one inch and twenty hundredtlis.
Brenham, Texas. We have had one shower during the
—
week, the precipitations reaching twenty-five hundredths
of an inch. The thermometer has ranged from 34 to 76,
averaging 55. December rainfall one inch and thirty-four
hundredths.
Belton, Texas. Telegram not received.
San Antonio, Texas. It has rained (drizzle) on one day of
the week, the rainfall reaching two hundredths of an inch.
The thermometer haa ranged from 33 to 75, averaging 54.
December rainfaU twenty-six hundredths of an inch.
Weatherford, Texas. There has been hard rain on one day
of the week to the extent of eighty hundredths of an inch.
The thermometer has averaged 48, the highest being 70 and
the lowest 26. Rain fell in December to the extent of eightythree hundredths of an inch.
New Orleans, Louisiana. It has rained on one day of the
week, the rainfall reaching four hundredths of an inch. The
thermometer has averaged 54.
Shreveport, Louisiana. We have had rain on three days of
the week, the rainfall reaching six hundredths of an inch.
The thermometer has ranged from 31 to 71, averaging 52.
Columbus, Mississippi. We have had rain on two days of
the week, the rainfall reaching one inch and fifty-eight
hundredths. Average thermometer 42, highest 76, lowest 28.
—
—
—
—
—
—
and thirteen hundredths.
weeks precipitation has been
The thermometer has
fifty-eight hundredths of an inch.
averaged 50, the highest being 69, and the lowest 26.
Telegram not received.
lAttle Rock, Arkansas.
Helena, Arkansas. It has rained continuously on three
days of the week to the extent of two inches and twelve hundredths. The thermometer has averaged 45, ranging from 26
to 64. During the month of December the rainfaU reached
four inches and thirty-six hundredths on eight days.
Memphis, Tennessee. We have had rain on three days of
the week, but the weather is now clear and cold. The rainThe thermometer
fall reached one inch and six hundredths.
has averaged 47, the highest being 63 and the lowest 31. During Decetqber we had rain on seven days, and the rainfall
reached three inches and sixty-three hundredths. Average
thermometer 46, highest 73 and lowest 23.
Nashville, Tennessee. Rain ha* fallen on one day of the
week to the extent of one inch and sixty-one hundredths.
Average thermometer 44, highest 64, lowest 26.
Mobile, Alabama. Rain has fallen on two days of the week
to the extent of eighty six hundredths of an inch. The thermometer has ranged from 34 to 68, averaging 50. December
rainfall nine inches and fifty-five hundredths.
Montgomery, Alabama. Telegram not received.
Selma, Alabama. We have had rain on one day of the
week, the precipitation reaching fifty hundredths of an inch.
The thermometer has ranged from 29 to 68, averaging 51.
Auburn, Alabama. Rainfall for the week, one inch and
fifty hundredths.
Average thermometer 40, highest 64, low-
December
rainfall three inches
Leland, Mississippi.
—The
—
—
—
—
—
—
—
—
est 31.
—
—
Madison, Florida. Telegi-am not received.
Augusta, Georgia. There has been Ught rain on two days
and the remainder of the week clear. The rainfall reached
forty-eight hundredths of an inch. The thermometer has
averaged 49, the highest being 68 and the lowest 29. During
the month of December the rainfall reached one inch and
eighteen hundredths.
Columbus, Georgia. Rain has fallen on one day of the
week to the extent of twenty-seven hundredths of an inch.
The thermometer has averaged 48, ranging from 13 to 67.
Savannah, Georgia. It has rained on one day of the week,
the precipitation reaching one inch. The thermometer has
—
—
ranged from 31 to 69, averaging 51.
Charleston, South Carolina. We have had rain on oneday of
the week, the rainfaU reaching seventy-two hundredths of an
nch. Average tiiermometer 50, highest 62 and lowest 34.
Stateburg, South Carolina. We have had rain on one day of
the week, the rainfaU reaching sixty-five hundredths of an
inch. The thermometer has averaged 43-6, ranging from 29
—
—
to 61.
—
Wilson, North Carolina. There has been rain on two days
of the week, the precipitation reaching forty-eight hundredths
of an inch. The thermometer has ranged from 28 to 56, averaging 41. December rainfall three inches and twenty-hundredths.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock Janu ary 1 1891 and January 2, 1890.
.
Jan.
1, '91.
Jan.
2, "90.
Feet.
Feet.
Above low-water mark.
4-3
.Memphis
Above low-water mark.
13-8
NafhviUe
Above low-water mark.
321
Shreveport
Above low- water mark
106
Vicksburg
Above low-water mark
13-0
Note.—Reports are now made in feet and tenths.
6-0
14-4
New Orleana
141
10-8
19-8
Janoabt
THE CHRONICLE.
8, 1891.
49
Tmt JiiXPORTS OP Cotton from New York this week show an
India Cotton Movemknt itrom all I'orts.—The receipts
increase compare<l with last week, the total roachiuK 16,885
and ghlpmeuta of cotton at Bombay have been as follows for
Below we give our
bales, against \Tt,Wi'i bales last week.
the week and year, bringinR the rtRures down to Dec. 8!,
usual tiiblo, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
BUMUAY BKCEIITg AKU SUII'MENTS FOB POUB TBAIU.
total exports and dirfction since Sept. 1, 1890, and in the last
Iftcelplt.
Sh ipmtnU ttnet Jan. 1.
BhipmenU tht$ week.
column the total for the same period of the previous year,
Sine*
ThU
ConHareat
ConUGreat
Year
xroBTS or oottoh (BALBS) fbom >bw yobk imcb srpt. 1. I89a
Total.
Week. Jan. 1.
BnCn. nent. Total. Britain nent.
Week Xnaing—
H4n.ooo iiusmxio 1,414.000 74,000 2. 11!7,000
1800 2,000 11,000 in.ooo
4,000' 1.000 :i!i 1,000
1880
«,ooo: (i.odo '-Mj.ooo
1888
l.oiio ;wl.(Hio
7,00011
1887 4.000
'.i:io,(K)0
1,324,000
•24,(K)<) '.',007,000
8H7,000 :)0,OOO
or>.'>.ooo
iiiio I.
n 2. oo<>'.>9.000l 1,634,000
mU Mum l)>i-. IstlitoSOth.
NOTB.— Figures for K'.io ..\,
According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipts of
50,000 bales and an increase in shipments of 9,000 bales, and
the shipments since January 1 sliow an increase of 90,000 bales.
The movement at Calcutta, Madras, and other India ports for
the ?ast reported week and since the 1st of January, for two
"Other ports" cover Ceylon^
years, has been as follows.
Tuticorin. Kurrachee and Coconada.
.
Shipments for the
CmUi-
Great
Britain,
|..
i
nent.
i
Shipments smee January
treek.
,
I
""«»'•
Maported to—
l,4i»l,(KlO
OUier BriUah porU..
1,000
106,000
49,000
130,000
85,000
58,000
60,000
19,000
16,000
77,000
82,000
96,000
119,000
59,000
61,000
155,000
180.000
178,000
221,000
184,000
126,000
362.000
Madras—
All others-
1890
1889
Total
2,956
1,795
7,889
1,983
171,979
32,152
227,77»
9,868
204.131
265,204
1,090
14,579
24,297
12,515>2,177
1,040
year.
87,4 2»
202
French ports.
Total Fnitscn
period
previous
1,836
1,040
800
50
1,725
2,183
1,910
1,931
1,090
14,781
24,297
56
1,614
1,609
13,741
30,330
30,2 74
15,838
28,53S
28,480
TOT.TONO.EOBOPB 4,208 3,891 3,195 3,279
74,345
67,858
4,325
15,432
2,850
8,45»
...
Bremen
Hamburg
Other porta
142
3,0j3
2,286
2,148
2,286
2,143
19,757
6,30»
13,081 18.344 15.972 16,385
313,014
363,668
Total.
24,000
30,000
1,000
Sept. 1.
Havre
Otiier
TOTAL Spain, &c..
1890
1889
Total
since
1.
X.
Cslciitta—
1890
1889
Jan.
Tot. to Gt. Brit'n.
8p'n,Op'to,Glbr.,4o.
All other
Oontinenl.
BrUaL.
Liverpool
Dec.
11.
Grand Total....
—
Jute Butt.s BAoaiNa, &C". While there has not been much
doing in bagging since our last, quotations have been maintained, all transactions being on the basis of 5c. for X]^ lbs.,
o%c. for X% lbs., 6J^c. for 3 lbs. and 7c. for standard grades.
hundred bales of jute butts, paper grade, are
reported within the past week at I'lTJ^c, but now the market
is without feature at l'20c. for paper grades and XJ^c. for
Sales of several
aU-
1890
1889
1,000
1,000
84 7000
week show that the movement from
bagging quality.
is 1,000 bales less than the same
Average of Temperature and Rainfall. As of interest
week last year. For the whole of India, therefore, the tota'
in connection with our monthly weither record, we have
shipments since January 1, 1890, and for the corresponding prepared the subjoined tables, which show the State averages
of rainfall and thermometer in August, September, October
periods of the two previous years, are as follows:
and November for six years, 1885 to 1890 inclusive. The therBXPOBTS TO BUBOPB PBOH klA. INDIA.
mometer averages are eiven first
The above
totals for the
the ports other than
Bombay
—
:
1889.
1890.
Shitments
toaltSurope
1888.
Sovtmbtr.
This
week.
Bombay
AU other poru.
Total
Since
Jan.
Since
This
week.
1,
Jan.
This
week.
1.
Since
Jan. 1
13,000 1,414,000
362,000
4,000 1,324,000
1,000 347,000
6,000
13,000 1,776,000
5,000 1,671,000
6,000 1,164,000
887,000
277,000
—
AuctAMBEiA. Receipts and Shipments. Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexaiulria, Egypt,
1890.
December 31.
Beoeipta (caniars*)
This week
Since Sept. 1
1889.
130.000
2,562,000
1888.
110,000
2,363,000
This
Since
week. Sept. 1.
This
week,
\
160,000
1,843,000
Since
\^Sept.
1.
This
Since
week. Sept. 1.
Eiirorts (bales)—
To Liverpool
To Continent
8,000 160.000 11,000 172,000 13,000
3,C0O 79,000 6,000 72,000 6,000
13,=i,000
69,000
Total Europe
^
*
A cantar is
11,000 239,000, 17,000 244,000 19,000 204,000
98 pounas.
This statement shows that the receipts for the week ending
Dec, 81 were 130,000 cantars and the shipments to all Europe
11,000 bales,
Manchester Mabket.—Our report received by cable to-night
states that the market is easy for yarns and
from Manchester
steady for shirtings on account of the holidays.
prices for to-day below, and leave those for previous
We give the
this
and
1890-91.
32s Cop.
8U
Smisl.
d.
weeks of
year for comparison:
last
d.
N'v28
Deo. 5 8% »8i>8
" 12 8Ss •80g
" 19 8*8 »8«8
26 8^8 «8»8
Jan. 2l8»i..a'8"H
1889-90.
Colfni „„
lbs.
Mill.
Shirtings.
s.
d.
9.
iht-ail
6
6
6
6
6
4i9@7
4>9«7
4>s t7
4Hi»7
16
4i-i''7
32<i
I
Upldsl
6
d.
3
3
3
3
d.
Sifl
3
8I4 lbs.
Shirtings.
Twtst.
.„ 8«9
S'tB '8%
5>I8 18%
5!>i« 8»8
3
„
Cop.
IS's
d.
»8«8
aSSs
®8»8
»8»8
WS^
»8S8
8.
d.
6
6
1
1
6
1
6
6
6
1
1
1
8.
»7
»7
•?
•?
•?
«7
d.
3
3
3
3
3
3
Cotl'n
Uid.
Vplds
A.
508
508
8»ie
58^"'
Overland Movement, &c., to January 1.—In our editorial
columns taday will be found our regular statements of
overland mavement, receipts, exports, spinners' takings, &c..
brought down
to
January
1.
tO.8
4S-9
B4-8
18SB(ri«lr
i»
18l« (fair
" bau," 'good." "fair" mux "laU" sixxiia
^3f
that the aggregate crop (or tfieydir was bad, good, tatr or (uU
I'he wiinls
1-9
.mo| fM.M
'
iu«»>u
THE CHRONKLE.
60
The
Weather Record for Novkmber,—Below we give the
follows:
rainfall av erages are as
itatn/oO Averata.
M'HTH CABOLINA.
Day
fall.
raiH.
IHVOrood)
15
8-75
«-77
8-83
JiglE!:::::::::
BorraCABOuisA.
ISM
—
9(200(1!
BM
6
7-18
1-28
8-04
3-24
14
6
7
6«
V
Days
fail.
rain.
0-23
3-75
S-tfo
U'A
2
9
3
1C>4
6-04
10
69
6-J7
IB
B-19
8
l-Srt
3
6-35
4-01
0-34
4-72
10
5-65
1-88
5-24
8-61
10
10
9
7-fcO
13
6-04
8-lS
e-88
ISH
lOX
11}«
*ii
4
ll«
20
10
15
11
12
4-7!!
3-59
iO-58
11H,
1«>«!
ISD-)
..
1888(itood)
1887 (KOOd)
1S«
\
811
13
13
4'e9
3-48
,
LODISIANA.
1»0
2-91
lS8B(w>od)
1888 (good)....
1887 (oood)....
ii-74
»-37
«-»7
8-H8
3-88
188H(falr)
1888 if air)
tseptember.
October:
1880.11880. 1SS8.
1890.!1869. 1888.
4
6
8
8
4-119
8-«3
0-88
1-52
1-8S
Hi
7M
7>i
8
0-29
4-94
4-18
0-73
3-57
S-12
Nor/olHcHlghest...
Lowest...
Average...
73-i>
89-5
61-3
74-4
STi
9Vf)
f)80
Illgheat.
SO
an
Lowest
flO-i
»)«
S'A
0)6
Average...
7a\
tVeUon.—
7>4
11)4
BH
8-.')7
2-08
1-74
0-a8
0-78
vm
6
8
(.-91
1-20
14H
4-27
4-S8
5-18
4-88
4-79
0-99
6-35
14
7
11
5-98
1.10
4-17
029
2
!>-4i
13
8-68
<iH
4-77
4-96
3-37
1-57
4-S6
5-10
9-68
12
4-88
C-4S
4-34
7
2-03
5-33
2-99
2-61
3-72
3-43
5-63
8-68
8-55
8-41
2-49
15
6
7
4
«
8-89
0-3S
8-32
7-R4
13
8-25
1-0?
3-12
8-OU
1-18
1-08
6>t
7
4H
10
10
15
8
«
4
0-18
8
6H
9
8!t
S-R9
0-45
7
IH
A
5
3
349
.?*
2-18
3-07
13
t)-;iO
7k
2-52
an
3
4)*
5
10
Bigliest
...
Lowest
8)^
18B0
I88»Uood)..
4-21
9
Vil
8
15
l(l-7B
UH)(>ood|
S-U
k-52
8-81
^njfalr)
laestfalr)
l^lKOOd).
B-IS
11
6
8-52
8-50
3-14
2-8B
13
5-54
4-23
e-bS
8-11
8-2«
i-tz
18
7
13
6-51
4-48
e
3-SS
4-18
4-58
8-38
1-9J
6'9i
8
..
18»;(K00d)....
lS89(falr)
^(falri
807
§«
8«
TBilNcssei.
18»0
ISMCaood)....
1888 (Kood)....
1887 Oood)....
ISSrtlfar)
18tB(fair)
TbX'8.
iSm
188U((a d;
laSBOtaod
1887 (Boed!
i=
5
6
8«
7
15
10
sa-0
42-0
71.8
ll«
7>4
7
7«
m
6
2-81!
4«
1-91
1-31
9
6-53
2-a3
n
5-50
1-04
8-97
11
2i,
5
13^ Tlio worcU "ba-1," "toort'and
kbove mnan simply that
good or (air.
tlie
"toit" foUowluji the years given
aggregate crop tor tbe year named wa» bud
New York,
Boston, Philadelphia
week, and since September
1,
and Baltimore
at
for the past
Lowest
0,
5ri
58-9
76-0
9B-0
53-3
7V0
657
79-0
32-0
51-8
890
890
f6-0
BO-0
74-0
41-0
67-4
430 502
65-0
64.3,
87-5
4211
85-2
48-t-
699
37-.
61-7
81-t
36-6
60-4
42
70-9
570
4^-t^
75-6
65-6
930 000
9«-5
67-0
79-6
90-0
88-0
76-2
86-0
61 -0
73-J
92-S
771
86-6
84-8
70-9
92-5
62-5
70-7
87-3
57-5
78-4
91-0
53-0
72-U
91-0
88-5
87-2
40-.".
41-;.
70-1:
3.3-0
73-2
96-0
50-0
7«-3
950 99 8|
91-0
!58-(i
94-0
48-0
7.-U
91-1
Bl-U
41.1
69-6
90-0
36-0
81-0
90-4
biro
7j-a
89-0
BO-0
74-8
95-7
09-0;
971.
65-11
77-0
.
3J-ir
3-3-0
37-.il
380 400
33-0
5r0
780
24-1.
50-7
7R-0
29-0
55-4
77-0
78-8
•31-0
300
61-8
48-9
77-0
24-0
5a-3
S-VO
24-0
63 8
71-0
20-0
51-3
2-0
470
72-0
66-0
78-0
59 2
76-1.
85-0
82-1
81-1
81-0
38-0
62-2
79-0
31-0
78-C
77-3
60
86 4
56 3
330 230
512 14-3
8i».8
81-0
28-0
57-B
80-0
2J-5
59-0
880
83-B[
80-0
36-5
41-6
3-3-0
790
210
63-
53-1
53-bj 5B-0
81'6
30-5
62 9
76-3
82-5
43-r:
661
OBOBGIA.
Au^sta.—
.
5s-0
78-1
<7-t
75-1
86-1
43-(
8V0
81-0
7i-0
S-3-(l
37
:40-u
o:j
70-0
66-6
690 000
79-2
40-5
65-8
82-0
45-1
57-B
53
88-0
88-0
75-4
90-8
91-6
47 -J
72-6
890
87-0
83-3
430 49
64-4
61-3
79-1
3B-2
61-6
830
41-0
870
63-0
890
88-0
41-0
6.ro
78-'
44-(
82-1
80-0
47-0
64-0
700 690
6Q-U
77-0
87-0
55-0
7»o! ta-ol
89-C
81-0
79-0
40-0
83-0
21-0
51-0
87-0; 98-0
B'i-0: BU-Ol
8;-o:
90-0
68-0
70-0
86-0
46-0
64-0
as-0
42-0
820 7S-I
3)0 34
77-0
75-0
400
as-..
690
59-0
Bl-J
33-u
42-0
70-0
88-0
60-0
93-0
70-0
77-4
91-0
56-0
90-0
iu-0
92-1
41-1
m-0
TO-b
64-7
63-;
86-0
SB-0
B2-e
81-0
47-.
751
94-0
56-0
76-b
93-0
O8-0;
810
80-0
43-0
71-3
900 88
81-0
66-0
90-4
46-0
71-4
850 83
91-0
82-0
71-0
93-0
77-S' 78-6;
90-0
es-O
8U-U
98-C
91-0
i
Bl-o:
70-5
830 640
Lowest
Average...
Bl-3
O'Aumbus.—
Highest.
.
Lowest
Average...
Borne.—
Highest.
.
80-1.
Average..
Forsyth.—
Highest...
f6-0
B7-0| 65-0
76-c: 75-0
02-0
Lowest
6>)-0
Average...
78-5
97-0'
550
73-J
74
47-0
Bl-3
2.1-0
59-0
380
57-2
FLORIDA.
Highest...
Lowest....
Average...
980
94-0
64-u
80-4
9t-0
64-0
79-5
79-1
9S-0
57-0
78-1
921
7a 7
93-0
67-0
80-6
89-4
69-0
90-0
71-0
got-
92-0
BB-0
79-5
91-1
65-0
79-4
91-0
970
95-0' 101-0
52-0| 67-0
B5
lampa.—
Highest.
Lowest
1890.
700i
91-0
68-0
D»
81-9
Jacksonville.
Tje Following ark the Gboss Receipts of Cotton
27-0
CAROL'
Ohartetton.—
Highest...
Lowest
4
80-0
46-0
71-4
5«-0
71-4
55-0
70-6
Lowest....
Average...
Highest..
H
8D-0
31-0
61-9
80-C
Lowest
119
51-3
82-C
40-0
63-7
Average..
1-ia
i-;2
78-o'
34-0
5S-5
83-0
Lowest
Lowest
3
820
.(2-0
660
Mnrganton —
Highest ... &S-0 89-0 92-0
2.
3B-0
S9-0
50-0
74-1
Average..
AtUinta.—
Highest...
1-84
4-12
4-4S
43-11
99-0,
Uighest...
74-1
4
12
10
78-0
23-5
60-4
aO-C
B2-0
76-9
70-S
5atjanno)i.—
•<;-31
77-0!
3.-o;
92-0
63-0
77-S
50-1'
Wilson—
5<l-9
»
81-0
33-0
59-8
58-11
11
84-0
1
I'
88-0
38-2
65-7
90-4
It
03-5
370
89-0
45-0
70-1
B3-2
2-39
6-67
4-.U
fO-0
33-0
57-0
91-0
Lowest
Average
4
70-2.
4159-7
90-u;l'-0-0
oS-C; 5574-0; 7o-7
Average..
6-79
3-39
5-69
2-00
61-0
76-3
Highest.
8-60
1-17
3-30
2-86
0-45
8-65
7
8-18
3-73
1-18
2-66
7-51
8-55
6
B-W
18U (fair)
14
5
6-87
2-31
S-3)S
i»W
8-53
2-14
18t«(r<lr).
1-8S
217
7,3-1.
86-0
38-0
64-0
83-f
71-1
02-0
Lowest
-.-32
27-0
63-4
87-5
43.9
57-1)
.
Highest...
5)i
30-0
53.0
87-0
J8-5
71-8
Average...
5H
4-77
74-0
Lowest
Highest.
7
•
Arkansas.
UHi
558,
830
590 551 55
79-2
10
790 7S0
75-6
40 8
69-0
Highest....
1-93
4-BI
3-72
40-0
57-7
B7-5
2-51
6
810
71-1
4-38
3-27
8«
88-0
37-0
61-0
87-0
^^
1-05
1-62
400
887
63-0
82-0
50-0
on
889
88.1
46-1.
00-5 101-0
6K-0I 50-5
7j-5| 79-0
Columbia—
MlBHISSIPPI.
88-0
89-0
78-0
93-5
49-0
73-9
Average...
Stateburg,—
9
6
f90
r
95-61
63-o; .SH-81
76-0 7d-9'
OharloKe—
3.
SW
C8-4
58-0
76-0
;
Average...
8
188&
N.OAB'LA.
3
8)li
1890.11889.'
TIRGIMIA.
Average...
13
4-S7
4-94
8-83
Augus*.
1890. 1889.11888.
ThsrmometeT
C-91
2-87
8-s8
0-93
4-11
2-72
4-41
18
Itain-
rain
taU and thermometer record for the month of November and
previous months of this year and the two preceding years.
The figures are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records kept by our own agents.
Wilmington7-84
4-08
8-71
8-80
0-77
17
5-16
8-ia
8-60
ALABAMA.
189»(f»r)
1885 (fair)
2-flO
IS>3
4»7
USBUgood).
7-43
9
5-0«
5-46
UaT((00d)....
1880 (Sir)
1865 (far)
11
14
8-18
«-05
8-?8
4-26
4-34
8-55
*X
IS
im
4-50
8'1»
H«
8-59
10
S'38
7-se
4-8«
lS8»(K00d
8
8-1(8
1*H
8
4-or
8-4P
4-08
7-43
0-94
B-95
14
4-88
8-73
10-88
8-15
\ratn.
fait,
rain.
«>«
4-zfl
INflBlKOOd)
1887 (Kood)
nain- \Days
Ra(n- Dayt
18
6-78
5-81
•
l^»0
Rain'
JTot'ttmbcr.
Octobtr.
SfpfonJwr.
AutmU
[Vol. LII.
Average...
t.0-5
53-0
74-4
551
73-4
43-0
40-»
390
.1.1-0
64-1
675
B„-o
83-9
49(1
63-1'
88-5
43-0
.14-0
e&h
70-0
69- i-
61-3
930 91-0
360 380
91-0
89-0
830
230
639
6
7'-0
toli* Citi/'-
Nbw Tohk.
It<ct<pti
from—
BOBTOK.
TMi
Since
TM$
auk.
Stpt.l.
vetli.
Philadei.ph'a
Hinct
aept.l.
T)i4»
weelt.
Baltihobi.
Since
Thi>
Sept.l. week.
S«ne«
Sept.l
Hlghest^.
Lowest....
Average...
90,5-8
T*>Bt
16,371
BaTannali
13,019
227.066
202,S91
H.Orli-aDf.
MublK
47,351
4.899
1.707
£8,3P6
C86
6,908
3.058
121
ei.014
IrBlnla...
4.453
75.699
1, 119
26,455
4,103
4,776
8.625
87
82.687
179,199
41,604
1,461
4,4S8
22,105
47,S1>3
711,504
1.461
35,575
8,007
131,647
1.536
27,4-J2
12,269
ltl,094
Nortbn pta
Tann.,
tc.
ForalgB....
Thli Ttar
Laat Tmr..
8120
7«0.S7«
4,109
13,569
17.016
679
293,6f8
185.4fl«
101
1,101
4,1£3
70,74:i
2,010
30
31,27i
112
East India Crop,— The following is from Messrs. Gaddum,
Bythell & Co.'s report, dated Bombay, Novemb?r 29:
?;,
^""^ "o""" continues to dribble into
'""'J''"*®'!Y".""; ''"-" «>"?*'«• but tbc arrivals 80 far are comnira
.h???,1?,'^'*L*^
liAi?
The f..lbwing
same date:
is
aa-.
65-
70-7
B5-7
89-0
B8-0
79-4
89-5
53-4
78-4
90-2
47-0
74-2
830
490
87-5
31-0
83-0
81-2
8-1-0
39
69-4
73-
6i-3i
B3-6
89-0
83-5
70-9
90-0
91-0
19-0
74-7
87-0
40-0
89(1
82-0
Sri
79-OI
28-5'
82-0
431
83-0
47-5
681
6?-(
67 8
61-1
58-2
88-1
91-0
57-0
75-»
93-0
50-0
90-.'
830
81-0,
46-2
71-B
34-r
61-9
.390
63-9
43-ij'
33-0' 77-0
33-01 27-0
7.5-4
62-
60-1
51-8
81-6
29-7
54-8
90-0
51-0
76-6
93-0
90-0
76 7
72-8
85-0
43-0
66-0
63-2
81-0
38-0
61-1
77-0
5-i-O
88-0
41-0
B6-8
880
63-,l
90-0
86-0
77-0
92-0
B5-U
78-0
98-0
81-0
73-0
81-0
44-0
71-0
as-i
30-(
83-0
67-0
81-0
41-0
62-5
88-0
30-0
61-U
86-0
27-0
041
83-C
86-0
73-2
93-0
48-0
73-7
87-0
46-5
72-3
83-6
82-0
83-e
63-3
80-0
43-0
B3-i
78-0
33-0
00.8
70-0
24-u
51-1
0'
81-0
81-0
38-0
65-7
9O-9I
88-('
6«0
bl-o'
67-0
7d-U
90-0
89
U3-IJ
6:i-5
78
76
92-5
«9-j
88-8
Highest..
92-0
91-:
9'
Lowest
«l-(l
Lowest
4-3-0
72-^
.
-
.
.
Average..
540
72-0
3V0
Monfl^>m'l/.-
8.504 _^....
(W7»4
UO
93-0
B7-0
79
Lowest
Average
ALABAMA
riurlda. ...
Bo.Carol'a.
Ro.Carol'a.
97-0 103-0 100-0
58-0 69
7«-9 78-2 79-3
»I)-S
91-0
70-0
Highest...
Highest
8,83S
8i-9
1
Tallahassee
....
78-1
Titusville—
. .
2.91-6
61-0
80-9
from the Bombay
Pj-/c«s
Current of the
—
Average..
79-4
Uobile.—
Highest..,
61-6
78-B
I
910
90-ti
Lowest
h5-U
Average...
79-1
860
780
43
SrO
66-0
83-7
33-5
5»-»
Selma—
Highest...
90-P
Lowest
BOO
Average...
'16-0
Highest.
90-3
Aut'Um—
93-0
B4-0
300
Lowest
840
92-0
63-0
Average...
78-2
760
91-0
62-0
78-4
91-0
93-0
93-7
70-0' 69-6
S90
5T0
80-6
7a-2
77-6
94-0 91-0
68-0 55-5
78-6 78-2
87-0
49-0
«9-0
90-0
67-(
81-C
950
850 650
97-;-
020
9-3-0
93-£
6:;-o
48-1'!
5U-0
5-3-0
81-0
70-r
7J-8
72-0^ 72-0
91-i
890
93-2
69:
70-7
49-0
82-8
77-0
90-0 100-0 102-O
59'U 5M-0 670
81-0 81-5 82-5
9?-0
48-0
73-7
96-0
5S-0
.
COUlS'NA
ST.
860 380
530
Orleans.-
Hlghest..
Lowest...
Average..
600
87
64
7!
441
70-4
67-9]
Bl-(
87-9
89-B
86C
39C
87-41
80-0
7;0
43
31U
64-t)
BJ-5
6j-4
58-1
28-6
51-6
89-3
55-1
73-3
88-0
89-0
815-0
83-0
40-0
93-0
4S-0
73-3
90-0
3i-0
640
S'ireti«j>or(.—
03-0
Highest..
Lowest...
Average.,
79 9
CottaurHighest....
5I
84-8
33-5
53-4
ffr'd
Lowest
. .
Average..
UbertyBtliHignest...
Lowest
Average..
B2-IJ
98-0
470
76-0
51-:)
830
.av
6<-3
B3-L.
82-9
SO-5
65-9
81-0
820
320
93-0
31-0
29
'35
6«-0
CBO
BS-0
62-0
80-0
24-0
51-0
07-b'
95-0
UlSSlSS'fl
Oolumbwi.—
Highest..
Lowest ..
Average
790
98-0
5B-0
75-0
94-(
BO-l
77-(
9;-o
50-0
90-0 82
46-0 42-0
67-0
70
880 810
7.3-0
41-C
B2-0
3rt-0
3J-0
81-0
30-0
71-
01-0
5-J-O
590
91-0
53-0
74-9
94-0
Dl-0
75'5
00-2!
502
830
380
8S-0
39-0
85-3
44-0
71-0;
64-b
91-0
91-0
47-0
90-0;
M-Oi
92-0
3B-n
92-0
S8-0
^a-.-i
«4-.'
fl!i-3
Vicktburit—
Highest..
93-0
..
6-j-O
92-0
Ba-u
9!)-7
Lowest
Average..
80-0
79-«
7&
Highest...
94-0
94-0
Lowest...
Average..
fll-0
BO-ll
93-0:
Bb-O!
67-B
L eland—
•
KUnres
520
78 8 77-6
74 3 73-.i
lur Itba are lor Aicuut,
I
Sa-C
S5-0
330
S.)-0
6(,-4
61-3
t-S.O
Ht-n] 81-0
8»-0|
320
34-0
83-9
38-8
611-4
Jakoaut
THE CHUOMCLE.
3, 1891.]
Oilobt
Sep(*nU>cr.
Avvutt.
JVor^mifr.
.
51
AUQUttt
Rlltilfall.
Stplembtr,
October.
Jtllu.
llurmomriti
I.S90.|I88I>.
iraa
IS88
UNO. 1880.
18UU. U*8». 1888.
itJ8t).li«iti.
1888.
l..',r,-.-.l.W(.-
UlKlUJt,..
1.1-0
8T-0
Lowest....
Avoniao.,.
(110
6»0
KO-O
wa
81-0
48-0
71-0
ars
93-0
91-0
50-0
70-8
83-0
BO'O
rr4
!3*t)
01-0
03-0
hl'il
"I'll
T»0
7(f»
970
tw
7f5
wo
89
48-0
07-0
84-0
Sl'O
00-0
78-0
7T0
88
87 8
85-8
87-8
88-0
30-0
80-8
85-0
79-0
80-0
84-3
73-0
84-0
46-9
T4-0
86-0
45-8
780
87
T7-0
83-0
81-1
85-1
470
81-8
38-0
48-3
ARKANS'.lUllhcat.
..
mo
oa-o
010
5»o;
»rO
Avennie...
iwrt SinithUlKhcst..
77-7
•.7-0
au-o
dO-S
ns-o
B8-0 lOO-O
Loweat.
ATersae..
600
77 9
&U'U| M'U
78-0| 7o-l
Slih'Mlle.—
Hlk'hcst.
P5-0
80-0
Lowest...
81-j:
ATorfive..
la-O
nSO
7J0
IIUci:o»t...
Lt^wt'st ...
.
510
70-B
880
U-0
OO'O
71-4
71I-4
91-0
44-0
41^-0
02-0
48-0
B7-0
H9«
80-8
ti8»
Ol'll
81-0
Si-0
83-0
48-P
70-0
PS-r
48-0
ea-i
as-n
87-5
000 910
83-8
49-0
7|i-l
70
srs
680
M,.mfhU.Lowest...
ArerHxe...
A'hwooil.—
HiKhest..
Lowest...
Avcntsfl...
A
w*in.—
Hlahest.
9J-0
SH-0
90-0
OaOl 9S-9
B«-0, flO-BI
77-u,
i >
7r4 Tra
PIO 8S0
6.V0
78-0
680
88-0
85-0
eu-8
80-0
40-0
09-8
88-0
8ro
SV'Cl
31-4
ao-8
88-8
81-6
34-0
86-8
88-0
82-J
89-0
98-0
51-0
80«l
718
»S-4|
8«'S
S4-8
68-5
870 830
9^-3
08-0
70-5
•W-O
7S-*
7
/ )•
40-0
89-0
ROO
41-0
Srt-0
«rs
67-4
afl-0
wo
88-0 100-0
HO-0 IU-0
88-0
5U-n
900
8«-f.
Lowest
40-0
380
Averiifte...
79ii
75'
70-4'
7;-i
l)9'6
6!J-4
.
1-75
8
7
Int. OateauKalnfall.ln
7S-0
83-0
63-U
8S-U
780
84-1
48-0
78-0
88-0
81-8
81-0
78-0
S'1-0
SIO 88
440 470
8S'8
8-30
67-7
M-O
SO-.
78-0
3Vut
3t)-.
21I-0
84-0
83-1
840
74
i«-0
48-C
Kalnfoil.ln
Days
est
770
-.7
40-0
85-8
6a-i
8«-o
38-0
eO-S' 87-1'
80-0
30-0
!
4!J-4
S40 80-0
330 aS-O
bvi 58Sl
1
7.S-0
78-0
380
2rt-0
s»-a
82-9
80-0
31-0
54-1
78-0
84-0
Ba-3
2«-0
4S-0
780
810 310
48-4 49C
78-0
21-0
41-4
Days
70-0
8B-0
49-7
900
l^twest...
•:o-ti|
ess
750 710
Averiwe.
8i-6
85-)
92-0
8;-o
66-0
77-C
81-9
Days
rain..
830 8*7
89-0
H3-0
77-&
84-1)
510
730
78-1
BT-O
778
83-0
880
79-0
53-8
77-Z
4U0 390
6*-7
77-0
59-8
0«0!
95-3
65-4
79-3
....
ATeraee... 8! -5
Fjrt BUiitHiKhest... 1000 loo-n lOl-l
MO
80-0
.,
7d-4
78-1
Biehest....
9H-5
S19-f'
Lowest
71-11
70-n
83'B
»-0
Lowest
ATeniK©
'
S7-0
ti-V
A'*»(in—
9)-0
BO-a!
5r,-0
5'<J*0j
580
420
9-0
47-0
74-2
7.-8|
8tJ-0
3-3
71-9
92-0
41-0
92 8
3.1-0
8d-l
8S-1
60
910
82-0
51-0
75-8
«l-5
78.0
91-0
S-Ol
87-7
34-2
Days
RalnfalMn
Days rain
,
Arera.'e...
99-0
««-5
84-3
51-0
774
935
81-5
Slemphig.—
Ramfall.ln
BU-S
AaAiyood—
Days
87-(
4;-0' 5'3-
81-0
(HO
-9
33
81-5
35-0
6S-7;
BS5, 691
S86
56-4
5(1.5
1
1880. ISfO. 18SM.
1880. 18S9. 1388.
7-81
13
6-81
5-41
aio
13
17
22
«-48
1
7-81
4-81
8-19
13
19
Itainfull.ln 605
Days rain.. 11
CharhtU KalnfalJ.lnj 5-35
Days rain..
9
3 51
l-8i
a
3-28 lO-BB
9
IB
4-97
17
3-39
13
4-51)
6-93
5-34
11
13
9-38
17
Days
8-93
3-P8
11
7-56
304
12
IB
1»
I
8-23
b
18
2-21
4-00
5-87
4'90
lis
7
18
883
1-88
10
3-78
18
5 30
005 281
3 65
7
0-36
13
3
3-31
9
3-39
lu
8
1
8-25
16
4-89
1-53
5-H7
7
4
11
0-23
4
3-07
9-89
4-80
8
14
18
8-30 .9-19
18
14
RsinfalM:
4-80
Days
10
Days
9
5-18
10
7-36
401
15
13
9
4-44
10
9
14
1-flO
10
0-81
5-59 14-18
rain..
7
9
10
0-83
8-37
0-80
7
5
6
1
4-10
4
4'50
B
7-05
15
2-17
0-73
4-83
4
5-83
15
4-64
18
9
3
14
4-23
11
3-50
3-23
B-31
3-35
15
8
19
7-09
8-41
8-71
81
B
13
8-91
2-43
18
a
6-.%
6-38
3-93
11
8-30
10
5-49
2-28
8-68
16
S-85
18
3-81
3-05
0-4S
4
7-88
6
7-54
9
0-90
a
8-93
7
1'76
10
8
4
10
4-3C
3-63
8-67
3
4-29
10
1-47
11
4
6
7-68
3-08
1.60
V
3
6-8?
11
0-47
14
8-73
7
OBORGIA
Au^twta.—
Ralnfall.ln
Days
rain..
a
10
Atlanta.—
Ksinfall.ln
Days
rain.
r.EuRUlA
SxraTiTiah.—
Katnfali.lB
Days
rain.,
3-99
IB
8-73
18
1B-5S
18
»»
Days
rain..
8-6»
4
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a
8
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FLORIDA.
JacksonvUleKalnfall.lD
Days
rain.
4-28
6-25
4-80
14
20
81
Kainfali.ln
828
13
rain..
Days
rain..
Tituai'UtcRalnfall.lr
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18
497
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8-54
Rainfall.l.
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11
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Days min..
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la
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IS
4
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2-80 14-35
Days
18
13
Ralnfall.ln
Days
rain..
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KalnfaIMn
Days rain..
LOUIS'ANA
Hew Orle^iTi*Ralnfall.ln
Days
rain.
6-03
a-81
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5
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,
"
" la....
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8
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I
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8
11
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I
3
11
5
11
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a
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6
8
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10
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28....
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"
7
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8
31....
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6-59 88-74
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I
23
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18
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I
1
4
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3
18
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I
7
7
14
11
a
8-08
13
6
ll-lS 10-71
13
12
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7
859
8-30
7-03
7-50
5-82
1044
13
7
IB
1-84
3-58
a
14
8-78
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075
3-5
3
10
3.71
1-09
3-40
8-81
s-sa
18
11
10
8-01
lO4
3-33
11
8-70 11-93
7
7
4-42
11
4-70
6-85
6-89
12
9
301
6-88
18
14
0-70
3
8.83
10
0-5f'
19
8
8
S
3-50
4-67
8-83
10
3-ni
5-81
8-01
7
18
5T0
8
B'93
4-91
1-31
4
1
13
13
B-S«
U
6-88
16
4-83
IS
5-81
13
6-5S
11
1-3S
e-85
e-oa
4
11
10
7-73
14
aros
4
14
IS
14
s-si lOTJO
3-46
9
9
5-09
13
511 U-4B
301
10
12
13
3-21
10
205i
3
2-89
16
1-8J
0-34
0-49
4
4
3-43
12
2-27
4-73
11
8
.
18
8
6-3J
4-48
8
8
188S are f or
I
1-91
Arcber
3-38
4-.T8
6
8
0-87
4
9 01
8
I
3-12
3
'
S-38
7
7-97
ft
8
B
9
6-92
14
2-0 il
0-S3
0-74
0-79
«
3
4
0-9?
2
4-45
1-21
2
812 118
15
9
0-71
I
2-37
4
S-6T
1-51
3
123 4-M
7
4
I
4
6-61
9
+ Inappreciable.
Tear Beginning septemb erl.
1890.
1889.
1888.
1887.
1886.
1885.
72-52
67-20
71-58
70-.-9
66-40
receicits since STov. 30 h ave been as followrs:
1889-90.
1833-89.
l?87-88.
1386-37.
1885-86.
53,741
40,087
35,344
42,991
44,943
S.
58,908
52,899
36,945
S0,5S8
46,529
42,843
8.
54,992
46,367
59,536
51,544
45,691
44,901
29,098
44,519
34,657
8.
4-',.540
53,590
34,620
20,717
57,284
45,434
8.
46,784
56,934
31,842
34,533
48.S53
36.378
8.
8.
63,633
36,280
27,110
39,277
37,362
33,337
40,703
57,300
64,501
8.
60,659
32,8ri
S.
42,450
39,215
24,853
27,199
36,271
35,490
8.
31,529
27,598
33,631
29,803
30,771
21,050
35,07b
83,530
37,037
8.
03,408
42,325
45,783
33.876
68,617
33,640
82,472
29,752
43,355
37,360
S.
50.879
53,C83
31,719
68,94>
31,185-
82,10»
3.
47.37t
43,083
36,201
29,773
46,135
8.
38,01*
39,96»
23,687
42,57ff
Total
4.486,477 1,289,531 3,783,898 4,043,205 3,760,832 3,633,903
Percentag e of total
67-34
72-17
70-50
68-21
73-00
port reo'iIts Jan. 2
1
0-48
9-18
l-.IO
7
4
8
10
1
3 01
6
1
4-19
7
7-88]
I
11
8-88
Tot.Do.31 4,437,916 1,261,516 3,727,809 4,010,200 3,7.55,798 J,5P4,638
24,171
8.
25,601
25,034
15,305
Jan. 1
21,816
" a...
15,144
B.
33,005
12,710
30,5S8
26.715
8-97
.
3-88
4
8-73
8
o-io
1890-91.
8-86
5
B-87
8
1-63
7
6
a
8
0.48
3-B9
8
18
810
0-31
3-84
To.ITt.SO 3,242,883 3,144.588 2,624,096 3,i)4a,616 2,590,912 2,524,718
Dec.l....
36,101
S.
28,949
37,606
35.166
38,857
•'
2....
46,031
S.
46,724
54,352
38,574
2S,35l
" 8....
52,533
47,821
26,279
40,247
48,638
32,235
" 4k....
33,803
31,861
54,593
8.
38,406
41,918
" 5....
33,212
47,149
41,241
57,983
8.
39.900
" 6...
36,593
31,832
45,529
37,139
53,579
a.
" 7....
43,6-3
8.
4;i.972
36,929
31,238
30,121
"
40,38:
54,071
S.
39,535
8....
36,529
41,9X9
" 9....
8.
48,455
42,877
48.050
28,853
36,266
" 10....
48,461
25,170
31,429
51,169
40,398
33,148
" 11....
33,695
66,073
8.
37,986
34,000
46,929
" 12....
32,982
42,005
69,545
27,309
8.
40,180
" 13....
30,005
33,536
51,171
62,472
3i>,211
S.
" 14....
69,928
2S,163
38.370
S.
36,303
44,303
" 15....
35.947
28,108
41,211
8.
47,949
54,353
10
1
7-90
13
8-97
4,437,94B 4,261,516 3,727,509 4,010,20t 1,755,793 3,594,638
Total
6-00
6-38
14
16
8
Pero'tage of tot. perl
receipts Deo. 31..
1
0-91
1-88
Sept'mb'r 732,233
561,710 332,017 654,776 359,203 385,642
October. 1,363,231 1,325,358 1,133,016 1,213,404 1,034,450 1,055,524
NoTemb'r 1,145,416 1,257,520 1,159,063 1,178,436 1,197,259 1,083,552
Deoemb'r 1,19.5,083 1,316,928 1,103,713 963,531 1,164,886 1,069,920
"
Ralnfall.ln
rain..
8
1-14
8-69
4
5
rain..
1-86
ALABAMA.
Ralnfall.ln
4-«6
8'8S
7
13
rain..
0-07
11
13
17
15
lallahassee-
Days lain..
,
089 1082
18
4-40
12
IB
4-88
8u
Days
Lfike City*—
Kalnlall.lc
0-31
10
S'66
2
418
11-87
O tlumbia.—
Ralnlall.ln
3- 94
3
286
688
The daily
ruin..
Days
0-7B
a
6-61
rain..
Receipts.
S.CAKOL'A
Charle^^ton—
Ralnfall.lL
Days rainStateiiuro—
Ralnfall.ln
8-01
7
UOMPAKATIVE PORT KECEIPTS AND DAILY CBOP MOVEMBNT
23 2 55 371
11
3
11
Moratintoiu—
rain.
S-83
4
9-73
IB
ilonthly
WOton—
rain..
8-45
4
1-44
Itainfall.ln
1890. 1889. 1888,
N. CAR•^fA.
Days
0-S8
18
8U
10-89
Bainfall.ln
Days
Days
20
Kalnfall.lD
Kalnfall.ln
3-12
4
8
• Fi;iuro8 f or
Days
Days rain..
tTft'iton.—
6
218
rain..
Days rain
WUmi'iDt'nKatQfaU.iD
0-46
1
806
a
1»
812
PalMfiji«—
Ralnfall.ln
—
rain..
B-;o
4
TEXAS.
VIRGINIA.
norfnlt
0-86
8
Austin—
lt90.|1889. 1888.
8-80
QilvesUin.-
September.
AUQUSt,
8-4
11,
1-48
»-7i(
lu
4-90
11
fort Elliot—
Kalnfall.ln
HsitnraU.
7
6
rain..
Ralnfall.ln
80-0
8-fB
3'8A
rain..
53-^
90-0
45-5
11
s
8U
.
i
.
0-IU
8-ss
4-64
13
9
rain..
TBN.^JBS'K.
Stuh>iUe.—
81-2
2i-2
49-7
4-98
T
ana
8
S
Smi h-
51-1
170
8
1-87 18-04
a
14
289 308
Ralnfall.ln
Days
fort
SU-0
81-0
It'lO
a
RalnfalLln
Days rain..
Beiena—
18 4
38-i
4-41
11
8
0-37
8-IS
1-08
8-6S
B
C«tl« (Cock.-
Days rain..
liMtin—
i
V
rain.
770 87-1
280 320
84-01
8-78
10
0-01
10
iRK'VSAS.
Days
94-0
35-0
83-4
44-6
8
2-51
Kalnfall.ln
37-1
80-0
9C-3
3H-7
85-4
8-0)
6
rain..
Ralnfall.ln
9V0
0-88
9
ainrkvliiU—
I
BB-IH
8-32
3 13
6
Ralnfill.lD
liiya rain..
78-0
,
10
8-81
'Manti—
S'B-O
2M-()
7-88
13
B-n 807
18
Kalnrall.ln
77-0'
408
19
8-76
18
18
rain..
Ralnfall.ln
Days
Ulithest....
..
u«o.,uB».,iat8
^fUkkban.—
79-0
76 2
8'
rain..
Kainfali.ln
Lowest
law. IM).
1890.
HlSaii'Pl.
Tolumbua.—
TE.tA3.
Q ilvcston.—
Hliihest.
KtSA two. taw. ItWS.
LUm-tvUm-
rKN.VRSE
IIlKhest..,
0-88
Stirtveport.aalnfull.ln
Dayii rain..
Days
Utllr riock.-
Lowusl....
Avornue...
1880.
UIDIS'ANA
MISSH-.'1'I,
Bflfna—
tfeOO.
THE CHRONICLE.
62
[Vol. LII.
St. Asaph, steamer (Br.l, Evans, from Savannah for Bremen, which
receipts since Sept. 1 up to
arrived at the latter port Deo. 16, after having been ashore at
This statement shows that the
same
Nieuwe Diep, was discovered to be on Are la the mainhold on
more than they were to the
to-nieht are now 196,946 bales
Deo. 27. Tile flames were extinguished after twenty-four bales of
bales more 703,579 than they
cotton had been damaged by tire and pix huudreil by wat«r.
day of the month in 1889 and
steamer (Br ), Gordon, from New Orleans for Hamburg,
1888. We add to the Thessalt,
in
month
the
of
day
same
took fire in the North Sea. Her crew were unable to subdue the
were to the
been
had
which
and abandoned the vessel, and have since arrived at
flame!.,
receipts
port
total
table the percentasjes of
Geestemunde.
years named.
the
of
each
in
2
January
to
reoeived
Gotton freights the past week have been as follows:
from the United
8HIPPIK0 Nbws.— The exports of cotton
Batur.
Jfon.
Tuet.
Wednei. Tkun.
FH.
mail returns, have reached
Stites the past week, as per latest
these Liverpool, steam d.
S32
concerned,
are
ports
"32
Southern
the
Hi
as
Hi
far
157 545 bales. So
Do latedellv'y.d.
telegraph and published in
»re'the same exports reported by
39'
ss'
%
"h
regard to New York w( Havre, steam.... e.
the Chronicle last Friday. "With
Do sail
e.
'%'
Thursday,
to
up
cleared
manifests of all vessels
include the
Bremen, steam.,
Total bales.
Liverpool, per steamers City of Chester, 1.959
r TOKK-To
OerSantc. SSS-.^Halley, 1,242. ...St. Hubert, 1,659....
......-.......-..--...-•
Servia, 2,472..
1,983........
To Hull, per steamer Martello.
Bourgogne. 1.090..
Ttt Havre, per steamer La
1
Spree,
..—
Aller,
55
ateaniers
per
To Bremen,
TO Hamburg, per steamer Russia, 1-614
1,609 .................
To Antwerp, per steamer No irdland,
Alesla, 150....CallIomla, 1,547....
To Genoa, per steamers
,..............•••--••--*-•••--••-"-"*--•
Atmrft. '200
-To Trieste.'pVr steamer California, 251........
Haw
,885
Do via IndlreotuC.
X,S83
,„„.
Ajnst'd'm, steam.e.
Do Indirect.. d.
1.090
ob
Keval, steam
i.oi*
J,o"i»
^
J-tO"'
251
Per steamers Astronomer, 7,388
MBW OELEAN8—To Llvfirpool, Bendo,9,976....Danen.6,650....
—
ToBeval. per steamer Ycsso. 5,125
HORFOLK— To Liverpool, per steamers Katy, 5,403
—
6.009
5,164
5,125
Mayre,
8,772
4,531
3.369
To Bremen, per steamer Elstow, 4,531
West point— To Bremen, per steamers Ranmoor, 1,250
4,711
1,610
Venezia. 3,461
Hewport News—To Liverpool, per steamer
Boston— To Liverpool, per steamers Cjlumblan,
,
1,640
4,043
5,855
Pavonla. 1,812
To Yarmouth, per steamer Boston, 105
Baltimobe— To Bremen, per steamer Nurnberg, 1,182
To Rotterdam, per steamer Ohio, 767
PHOJiDELruiA—To Liverpool, per steamer Indiana, 1,205
105
1,182
1,205
.157,545
fhe particulars of these shipments, arranged in our usual
locm, are as follows:
Havre Bremeti Rdam, Spain
Tarand AHam-Aniw'p and
LiverHull. Rouen, bura.
'
Hew
York. 7,885 1.983 1,090
18.3' 8
K. Orleans. 42,666
4,692
5,777
Galveston
6,600
Fensaoola..
5,183
4,493
Savannah
5,009
Bnuuwiok.
siiei
Charleston.
8,772
Horfolk....
West Point
1,670
3,825
Revat.
-~~ Italy. moulK.
<i
2,148
4,102
1,609
'
1,448
.
IPp't
Newa
Boaton
....
Baltimore.
PhUadelp'a
105
1,182
767
1,933 31,282 15,919
7,501
..
i',205
Total.... 90.057
Total.
16,385
68,901
10,469
6,600
11,124
5,009
102S9
6,125
4,531
4,711
i"640
5,865
7,693
13,303
4,711
1,640
5,960
1,949
1,205
105 157,545
Oalvestok—To Liverpool-Dec. 26— Steamers Amethyst, 3,275;
4.364... Deo. 31-8teamerFin8bury,
.
Tresoo, 5,404
Deo.
Unionist. 4,964.
To Hamburg— Dec. 26-Steamer Beechdene, 300.
Liverixwl— Dec.
26— Steamer
Dec. 27— 8t-aiiicr Pontic, 3,983.
To Havre— Dec. 27— Stesmers Loeonfleld,
30— Steamer
H
Baraelona,steam d.
9«noa, steam., .d.
"64
"4
"4
"4
3l6
rrleste, steam .d.
H
Antwerp, steam d. 7f4®<fl
* Per 100 lbs.
»18
»18
^4
H
H
''64® 'e
—
LiVEBPOOL. By cable from Liverpool we have the following
statement of the week's sales, stocks. &c., at that port.
Dee.l".
Sales ot the
week
bales
Of which exporters took....
Of which speculators took. .
Sales Amerlciin
Actoal export
Forwarded
Total Btoo!:—Estimated
Of which American— Estlm'd
Total Import of the
week
Dec. 19
51,000
4,000
3,00a
37,000
9,000
89.000
846.000
558,000
146,000
117,000
230,000
220,000
68,000
5,000
5.000
52,000
7,000
90,000
797,000
521,000
118,000,
Of which American
Amoant
105,000
2.15,000
afloat
Of which American
245,000
Dee. 31
Dec. 24.
33,000
2,000
2,000
27,000
9,000
58,000
910,000
619,000
102,000
91,000
235,000
225.000
37,000
2,000
3,000
30,000
4,000
55,000
874,000
584.000
87,000
73,000
240,000
230,000
The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 3, and the daily closing prices
of spot cotton,
have been as follows:
Saturday Monday. Tuesday.
Spot.
Market,
1:45 P. M.
}
Counsellor, 5,100
Harden'g. malBt*ned
&exp.
51s
5»16
12,000
1,000
10,000
1,030
Steady.
Steady.
1,677.
Market,
a
ao
Firm at
)
1:45 P. M.^
Market,
4 p. M.
1-64 ad-
vance.
)
Qnlel.
Quiet and
Quiet.
steady.
J
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basisof Uplands, Low Middling clause, unless otherwise stated.
^P" The prices are given in pence and
5 63-64d., and 6 01 -means 6 l-64d.
Sat., Dec. 'i7.
December...
Deo..Jan....
Jan.-Feb....
Mon., Dec, 39.
•a
a
n
d.
d.
d.
d.
6 05
6 05
6 05
5 05
5 05
6 05
5 05
5 07
5 09
5 09
6 09
5 09
6 07
5 21
6 23
5 25
6 26
5 23
5 26
5 23
5 25
5 22
62a
6 23
6 05
6 21
5 21
6 23
5 23
5 25
5 27
5 23
524
5 28
5 23
5 23
615 616 615 5 16
Wed., Dec. 31.
0p«n Hiffh Low. Che.
a.
6 21
6 23
6 24
.
6 528
Clot.
Tnea.. Dec. 30.
d.
sue 5 07 50a
610 5 11 6 10 6 11
514 514 514 514
617 618 517 6 18
s»
April-May..
M«y-Jnne...
June-July..
July- Aug...
Thus: 5 63 means
Gitli.
Open BMih Low.
August ...
KOBILB—To Liverpool— Dec. 30—Steamer Hlldegarde, 4,540.
Aug.-Sept..
8ATAitHAH—To LiveriKwl-Dec. 25— Bark James G. Balne, 2 075
Dec. 27-8t«amcr Orplnjjton, 6,633. ...Dec. 31— Steamer Guilfofd, Sept.-Oct...
To Bremen-Dec. 27-Steamers Manin, 6,050; Tynehead,
To Amsterdam— Dec. 30 -Steamer Travancore, 4,480.
12,000
1,500
tuturet.
Mch.-April..
6,150; Oswald, 5,250
Friday.
]
IIld.npl'd8.
Sales
Spec.
Wednei. l%urfd'y.
Fully
Feb.-March.
Dec. 89 -Steamer Bordeaux, 5.6 lo.
To Bremen— Dec. 27-8teamer8 Markomannla, 8,981; Ocean King,
To Antwerp-Dec. 29- Steamer Bordeaux,
40*
40*
"fi4
Excel-
sior,
Hbw ORLEANS—To
40*
ii„®?(
lUja's
d.
Below we add the clearances this week of vessels carrying
eotton from United States ports, bringing our data down to
the latest dates:
To Bremea— Deo. 26-Steamer
40*
40*
d.
sail
iiaa-asg
767
tatn.
pool.
Do
iijjaise
. .
...Au8tralian,4,676...
42,666
Hartien, 4.400. . . .Laceell, 3,278. . . .Leonora. 6.298
To Havre, per steamers Alf.irrt, 4,924.. ..Camlola. 6,274.... 18,258
5,610
BpHnpBoW,
..
1,450
Drinield,
DO
To Rouen, per steamer DriHield, 60............
Cydonla,
To Hamburg, per steamers Cheruataa, 2,525
3,8^0
. — .....----..
1300
4,102
Tobenoa'peVsteamer Ocean Prince. 4,1^2 --^-..
Oalvestok— To Llveroool, per steamer RusRin. 5,777
?'IZi
4.692
Mersey.
itlver
per
stea'mer
Havre,
„--„-^i
To
i'S„„
PBMBACOLA-To Liverpool, per steamer Santanrterlno, 6,600 ... 6,600
4,493
SAVANNAH— To Liverpool, per steamer Rannock, 4,493
5,183
To Havre, per steamer Crown, 6,183
1,448
1.448..............
Berg,
barlf
I.
P.
per
Santantfer.
To
Bbchswfck— To Bremen, per steamer Flowergate, 5,009
Obarlkston— To Liverpool, per steamer Sportsman, 5,164
c.
Indlreot-C.
Hamburg, steam.c. iigjasg
^
-
•
Do
Tbnrs., Jan. 1.
d.
507
5 09 6 09 508
6 13 6 13 512
5 16 5 17 516
5 20 520 5 19
Steamer Ipsden, 2,017.
BOnoN—To
I.iveriKMil-Dec.
2,2':9.-. D.C.
23-8teamers Ottoman,
26-8teamerCitalonia,
Jan 1—
•.»-".
v
1.620;
"rgmiac.
W. Vlrirtnlan
.
To Hamburg— Dec. 23-Steainer Grimm, 218.
To Yarmouth-Dec. 26— Steamer Bostoo, 312.
BiurnfOEB—To Liverpool-Dee. 24-8teamer Queensmore,
-""'v,
Deo. .S0-8teamer Nova Scotlan. 1.146.
To London -Deo. 23— Steamer Mlssouii. 1,005.
To Havre-Dec. 24-Steamcr Monkaeaton, 2,758.
To Bremen- Dtc. 27 -Steamer Salier, 1,193
To Hamburg- bee. 20-Steamer Polynesia, 1,531.
1 150
1,100....
Below we give
all
news received
ewela carrying cotton from
d.
609
609 509
Dec- Jan
Jan.-Feb.... 609 609
Feb.-March. 513 613
617
April-Hay. 5 20
May-June... 5 2.1
626
528 6 26
528 629 6 27
5 25 5 25 524
517 617 6 16
5 27
6 27
FrI.,
Jan.
.
6 17
6 21
5 24
5 26
Cl0».
d.
d.
509
509
609
513
617
609
609
509
613
517
6 20
5 21
6 24
6 23
526 6 26
528 528 628
August
520 629 629 629
Aug.-Sept.. 625 5 26 6 26 526
Bept..Oct... 617 6 17 617 617
June-July... 6 25
July- Aug... 528
to date of disasters to
United States ports, &c.
d.
December... 509
Mcta.-Aprll..
To Rotterdam -Dec. 20—Steamer Uibino. 500.
To Antwerp— Dec. 20 -Steamer Wetherby, 454
Philauklphia-To Liverpool-D(c. 31-Steamer Lord Gough,
Open Blgh Low.
&
6 20
5 23
5 24
OBPOLK—To Liverpool— Dee.
26-8teamer Ipsden, 1,325
West Ponrr— To Liverpool-Dec. 27—Steamer Bentala, 6,274
d.
607
507
508
512
618
"5
1
1
tq
is
n
629
626
616
'i.
jANCAaY
THE CHIIONICLK
1891.1
3,
BREADSTUFF S.
Below are the
FniDAT, January 2, 1891
Notwithstanding the holiday seaBon and the approaching
close of the year, the marlceta for flour and meal have improved, not only in the volume of business, but in values.
The accumulations of snow in our strems naard deliveries to
local dealers, but the desire to sec\ire supplies at late prices,
in the face of advancing grain markets, have overcome ordinary obstacles to trade and caused buyers to act freely,
except when material advances in prices were demanded by
holders. To-day the market was quieter.
The wheat market has been advancing. Cable advices
were stronger, and the movement at the West showed a falling off. The weather continued favorable to the autumn-
eown wheat, but the possibility of a present deficiency brought
For spot
in buyers to cover contracts and pushed up prices.
been more urgent,
wheat the demand from local millers
and they have paid full values, but business for export, notwithstanding the stronger cable advices, has been inactive.
To-day the failure of the promised export demand to make
itself apparent discouraged the bulls, and under free salts to
realize there was a sharp decline.
OAILT OLOSniS PKI0K8 OF HO. 2 BBD WIRTICK WBBAT.
Thurt.
Man. r««». Wed.
aat.
103 "4
103=8 104 Hi
Josk
0. lOS-Ai
Jannary delivery
105
104
105
104 >4
101%
«i
Fehriiary delivery
o.
19
?
105
10558 106=8
105
o. 105U
March do.lvery
101 1« 105 18 106
104%
May rtelivery
0. 101%
99 's 100 ^
9!)
09
o. flS^
Jnly delivery
99I4
100% 100^
90^
c. 99
Deo. delivery
The decline in Indian corn received a check from the report
that the quintity afloat for the European markets showed a
material reduction. This was to be expected, since exports
had nearly ceased, but the actual figures gave a stronger tone
to the mark^t, brought in buyers to cover contracts, and
caused a partial recovery of the recent decline. Business on
the spot hat kept within the narrowest limits. The snow on
the railroads has kept back supplies, and buyers naturally
awaited freer arrivals. The new crop is coning forward in
To-day the market
fair cordition for shipment by steamer.
'was dull and the more remote options declined.
DAILT OLOaiSO PBIOBS Or MO. 2 mXED OOBH.
Tuet.
Wed.
Ihurt Fri.
SeU.
Hon.
5919
SB's
58%
0.
58
_„ 5S»i8
January delivery
&W 5»H
5»%
0.
59%
58'a
February delivery
5914
5914
5913
o. 58
March deiiveiy
58H
88>4
59%
59%
59%
58
delivery
0.
May
Oats have sympathized with corn, but, being under
more complete speculative control, reacted more vigorously.
There was on Wednesday a very large business in May options
for No. 2 mixed. To-day mixed grades declined sharply,
and there was some depression in white.
DAILT OLOSINO PRICES OV HO. Z mXBD OAia
Hon.
Tuet,
ScU
Wed. Ihurt.
FriIS"!
**"*
c. I8I4
49%
50
Januarr delivery
cw
49
0. 483i
49%
50%
50
Fetiruarv delivery
E,o
hw
^u
•
May
delivery
^~ 50%
5l»g
50%
with quotations to some extent
49%
49'4
0.
Rye and barley were
quiet,
nominal.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
bbl.
'.
ft
Wheat—
0.
Spring, per bush...
95
Ked winterNo. 2
Bed winter
04
..1
White
Bye—
80
98
OBAIH.
(jom, i>er bnsh.—
0.
wl 14
West'n mixed
„
West'n mixed No.2.
al 05
«109
Western yellow
Western white
»108
20
20
10
50
00
25
9 01%
f'9
9 61
57%» 62
58 « «2
48 « 51
50 9 56
57
73 9 78
Oats-Mlxed..V ba.
75 • 80
White
76 « 82
No. 2 mixed
49% 9 51
-ai
No. 2 white
90
87
SCa* 5II3
85 w 93
Buckwheat, per bush 59 '* 60
The movement of breadstuifs to market is indicated in the
ttatement below, prepared by us from the figures of the New
7ork Produce Exchange.
first give the receipts at West
ern lake and river ports, arranged so as to present the com
parative movement for the week ending Deo. 27, 1890, and
since A.UKU8t 1, for each of the last three vears:
Western, per bnsh..
State and Jersey ..
Barley, Western
Canadiiin
Btate
We
BtetfU at-
rumr.
WIMU.
Com.
Bfcto.lMOx Bluk.e0D» ButKSaih
auawo
101.18*
iniwaakee..
43.4S0
Dnlnth
b
^L
.
.
1,582
s.aos
..
IIJSM
lasm
Peoria
2.700
Tot.wk.'OO.
l,08B.07aJ
73,000
1,»79
17.353
65.033
49.000
129.900
10.000
86.742
64.063
31.551
473.955
3.451
68 883
3,300
22,727
89.315
S48.000
174,000
Ml. 176
8.83S
231.600
70.3 jci
16,400
609.132
452.977
608.037
105.789
148,046
66.969
20,486.917
2.351 008
14.899,238
3.501.310
8,5«4.S12
181.591
IH3,97B
a.35«,115
1.527.725
1,890.S68
4.728.487
1,703.108
1,4«0.965
I11.4S3
1.2M694
3,323,95t
1,18^,333
i.»803S6 63.462.595 48.443.18R
45.451.843
39.993,732
42.955.679
un
28.420
2.481
flune wk.'8e.
.^vg.
2«7.338
119,000
35.321
^lfluuwk.1M.
^^VlMf
^^
UW
use
Rtf.
BluKiK I* Ba.Stilh
1,409.780
Bt. Louis.....
Otovalaod.
783.553
17,400
1S9.009
Minneapolis.
Toledo
OMrolt..
303.881
189.650
BorKy.
Date.
Buiih.S2ll»
6.392
1.
1
6,428.8«8
4,S80.U8
78,473,968
60,808,858
84 n6.5:!4
68.67«.«i8
I«.41.'-,.797
shipment* from Western lake and river
rail
ports for four years:
1890.
floor
bbla.
Wheat
bush.
Oom
UaM
Week
Dee, 27.
/)»«.
302,887
525,318
718,913
1,278,0»7
274,671
77,930
Barley
aye
1888.
1889.
Weak
1887.
Wee*
28.
Dee.
Week
2'>.
Dee. 31.
369,246
222,130
864,663
348,675
3,690,924
1,146,230
220.450
84,829
647,001
2,730,804
885.674
263,062
34,291
440,268
1,165.743
773,267
311,860
32,60<i
2.901,029
5.489.108
4.561,732
2.723.753
receipts of flour and gram at the seaboard ports for the
Total
The
week ended Dec.
27, 1890. follow:
Flour,
Wkeni,
Oom,
hhle.
bueh.
bH*H.
109,80!)
238,070 35)5,200
At—
(few York
Boston
Montreal
18,60!»
8,412
8,419
45,610
Plilladelphla..
Biiltlmore
4,010
62,810
154,160
11,33:1
5S,018
211,997
2,97.i
21,204
2,393
New Orleans.. 13,505
650
Richmond
....
1,607
7,0(42
45,065
Oalt,
bniK.
Barley,
buek.
370,000 63.700
58,390
9,250
51,868
2,450
56,927
32,000
5,958
672
46.625
Sie'i.
3,026
2,507
600
4,983
340,474 873.139 618.786 7.5,072 11,710
Oor. week "89. 328,897
307,330 2,767,898 773,738 175,120 46,166
The exports from the several seaboard ports for the week
ending Dec. 27, 1S90. aro shown in the annexed statement:
Total week.. 237.369
Bxporu
fronts
Sew York
Wheat.
Oom.
Flour.
Bii'h.
Bueh.
Bble.
133.026
8,343
8,052
Boston...
Portland.
Montreal.
Phlladel.
Baltlm're
S. Orl'ns.
S.News..
RIchm'd
i6;6o6
34,022
Tot. week.
199,443
a'
Iri.Hll
9,865
17.911
29,689
911
26'606
155,003
77
l6]907
25,060
232,289
113,941
OaU.
Buth.
4,802
By*.
Pea*.
Bueh.
Bueh.
3,135
36,427
i',7S0
430
4,802
me time
1889...
41,312
464,912 1.093.610 135.994 184,709
41,806
32,671
The visible supply of grain, comprising the stocks lu granary
%t the principal points of accumulation at lake and seaboard
ports, and in transit by water, Dec. 27, 1890:
Wheat,
Oom,
OatM,
Bye,
Barley,
Muh.
/H etore at—
bueh.
bueh.
bueh.
bueh.
NewYork
2,^60,721
368,155 1,552.930
38,917 301,051
Oo afloat..
232,000
24,900
74,000
8,000 164,400
Albany
67,800 152.000
21,200
62.600
BnflUo
2,133,264
209,101 300,846
42,045 1,301,958
Do afloat
142,000
CtUoago
6,193,088
2'll.'716
342!76l 20l„536 4i9;621
Mllwaokee.
742,819
3,066
1,197
73,543 495,401
171
Dttluth
3,441,577
2,683
3,573
Toledo
947,959
183.136
21,2ft6
23.559
72,;-75
Detroit
244,150
41,272
8,510 352.958
Oswego
55,000
80,000
430,000
"2,68.5
8t. Louis
2,053.961
620,371 2'87.349
127,874
Cincinnati
11.000
1,000
38. 000
1,000 155,000
Boston.
137,489
30,166
182,268
10.321
50,426
Toronto
116,121
400
96,302
"2 3, 192
Monmal
175,127
4,235 149,870
20,991
Philadelphia
159,843
106,521 137,996
Peoria.
15,118
136,092 141,828
30,593
70,020
Indianapolis
234.501
52,432
15,000
Kansas ( Ity
285,122
51,512 152,812
1.433
Baltimore
653,138
2d3,253
65,973
23,862
Minneapolis
FLOCB.
95 OOO^S
f300»*3 40 Patent, winter
3 409 3 65 caty shipping, extras. 5 00»" 5
3 65» 3 35 Rye flour, superfine., looa 4
Extra, No. 2
Fine
3 90» 4 25
Extra, No. 1
3 25« 3
4 103 4 65 C!om mealClears
4 50<» 4 85
Western, ifeo ...,..., 2 759 3
8tralght«
Brandy wine. ...... — —
C0» 5 50
Patent, sprtner
3
Buckwheat Ooor, per 100 lbs., 2 15®2 30.
9
Pine
Snperane
63
)
8t.
Paul
On
Mississippi...
canal* river.
On
k ,;i:a aa-i
5.5!>8,88d
1,951
i
Tot. Dec. 27, '90'
Tot. Deo. 20, '90.
Tot. Dec 2H. '89.
lotDec. 29, '88.
1,976
3,027
250
7,800
24,900
30,200
128,100
25,763,997 2,620,178 3,695,867 513,426 4,185,702
25,381.768 2.117.392 3,151.152 479.721 1.238.028
33,971,643 8,ufl9,9.>l 5,153,203 1,252,889 2.425,756
38,301,447 8,477,150 8,621,162 1,678,838 2,803,901
THE DRY GOODS TRADE.
Nbw Yobk, Friday P. U., January 2, 1891
Operations on the part of wholesale buyers were very light
the pa'st week, as is usually the case during the holiday season. Jobbers were so busily engaged taking their semi-annual
inventory and closing up the business of the yt-ar that their
purchases at first hands were gauged by the most pressing
re uirements. There was a freer movement in various descriptions of spring goods on account of orders on record,
lirieral shipments of wash fabrics, worsted dress goods, "fast
black" dress cottons, white goods, scrims, cotton hosiery, &c,,
having been made to near-by and interior markets by the
principal commission houses. The jobbing trade in the regular way was quiet, but a large distribution of domestics,
prints, ginghams, dress goods, &o.. was made by a few of the
large jobbers, who make a point of closing out their open lines
at low prices as a preliminary to "stock-taking,"
DOMESTIC Woolen Goods.— The market for men's-wear
woolens was dull and featureless, and miscellaneous woolens
ruled quiet in the hands of ai^ents and jobbers, but prices are
generally firm. Tne commission houses continued to make
sieady deliveries of spring cassimeres, light-weight worsted
suitings, &c., on account of back orders, but new business
was strictly moderate.
Heavy clothina; woolens were in irregular demand, and upon the whole sluggish, but some fair
sized orders for kerseys and heavy union and cotton warp cassimeres were recorded by some of the mill agents. Several of
the most prominent milla making fine clothing woolens have
commenced to sell their own goods instead of seeking an outlet through commission houses, as heretofore.
Wool and
worsted dress goods were fairly active in movement, and
there was a steady hand-to-mouth demand for flannels and
blankets by jobbers and retailers.
THE (JHRONICLE.
54
[Vyi._^in.
Importations of Orr Goods.
jr"oriB
OOMBSno COTTON GooDS.-The exports of cotton
w«e 3 3 J6
The importations of dry goods at this port for the
from this port for the week ending Dec. 30being to the
ending Jan. 1, 1891, and since Jan. 1, and the same
pKkaKes, vaJued at 1176,449, their destination
points specified in the table below:
for the corresponding periods of last year are as follows
^^
1889.
1890.
NBW YOBK
TO DEC.
30.
Week. Since Jan. 1
94
64
7.587
3.122
1,450
.55,293
445
250
51
006
C8
6,166
11,550
e,9?l
17,937
2,721
6.491
33,263
3,165
3,296
l.=>3.329
Great Britain
Other £arup«aii..
Oblna
India
AiaiiU
Africa
West Indies
iVi
21
Mexico
Central America..
Bonth America....
Other countries.
.
Ttotal
•
Wuk.
Since Jan.
125
8
8,971
1,936
36,330
305
6,-128
"'l
1,5G0
133,803
60,913
COOJ
t: *k
154,716
^CS
'(P-QO'^CJ'O
00 ** ta
O"
IC *k -J 05
M
05
M WOOt CO
2,91)9
a
Oi^x
Held by Providence manafera
Fall "Blver manufacturers
Ttotal stoolKpleoes)
O
•a
o
898.000
323,(.>00
19,000,
Age.
Living
COA-CO-*
ccoi
OJCD
CC 05 tOt^ 00
::
s
05-^
050-
uc
ta
iP*
»J^
lo a:
£»-•
(
z
cji
^ g. M
dOQble-cotnmn octavo paces cf
readlnK matter yearlr. It presents in an Inexpensive f<trin.
cnnsiderinK its jrreat nnoiint of
matter, with frcHliness. owing
^(lio lis weekly
sue, aud wiiha
,
1
completeness nowhere else aiteuipted.
The best
Kssays, Her tews. Crtt Iclsms. Tales, Sketches of Travel and Discovery, Poetry, odcnUflc. BiOfirHphtcal. HistoricaJ and Political Inrormation. from the entire
body of Forelfrn Periodical
Literature.
It Is therefore Invaliiabla to every American
reader, as the only satisfactorily fresh and COMPLKTK cnroollatlun of an Indispensable current
literature— lndi<»rTual)I< because It embraces the
productions of the
ABLEST LiyiNe WRITERS
branches of Literature, Science, Politics and
OPINIONS!
flret volume
trte«,lt
"'!•''' almost any prlce."-CaU-
"n*"
»•>'> tries
to be truly conversant
i*loaiapeoubl«,"-CVnrral BaptM,
In ih^ iifiU
'«•''•'•
Sndt all that
is
St. LouS.
worth knowlni
of fSlfVlS!j^a'',T,v»^„'Tn.'™
"'
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E.
WM
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DE WITT,
»*'»'
sent on
AdOraH.
Mercantile
LONDON AND EDINBVRGU.
SAM.
R. n.
"A," or
W.
MAINE Law rONVEKTlBLB POLICY, CLASS
Its 7 PKR CKNT OUARANTEKD BOND
POLlcy, CLASS "A," and other Fm-ios 0/ Bond
Policws: alpo for pamphlet explanatory of the
Matnt Non-Forfeiture Law, ana for Hit of claims
rwM thcrAunilAr
NEWARK,
N. J.
President.
Assets (Market Values), Jan. 1, 1890....t45.a3G,9«3 29
Liabilities (N.Y. and Mass. standard).. 41,f-as,«a8 28
SurpuB......
3,408,835 03
Surplus, by former N. Y. Standard,
(Am. Bx. IX per cent Reserve)
5,»30.03a 03
POLICIES AflhOHJTKLY NON-FOBFEITABLX ArTKH
SBCONn YEAR.
INCASE oriiAPSE the Policy Is continctedin rOBCl
long as
Its
value
will
WM.
P.
pay for; or. It preferred, a
value is Issued in exchange.
rald-up policy for Its full
Alter the second year Policies are incoxtkstabu,
except as against Intentlotal fraud; and all ralnoMonj
to resfctencf. travel or occupation ar« TCTnoctd.
l-ASH LOAK8 are made to the extent of 50 per cent
of the reserve value, where valid assisnaients of the
policies can be made as collateral security.
LOSSES paid Immediately upon completion and ap-
BLAGDEN,
Manager.
FRANCIS, Assistant Manager
A.
WASS, General Agent.
ECKER, Assistant Gen. Agent,
H. M. JACKSON, Secretary.
R.
U. S.
BRANCH
OFFICE,
WILLIAM
No. 54
The Mutual Benefit
LIFE INSURANCE CO.,
AMZI DODD
Co
Ins.
OF
It» plans are varied and adapted to all circumstances.
Is nothing in Life Insurance which it Uoei
not furnish cheaply, profltably and intelligibly.
Send to the Company's Uome uffice, Portland, Meor any of its Agents for publlcutions describing Its
ST., N.
Y,
£u8>ene K. Cute,
STATIONBR
Btippltes
%
ND PRINTER.
Banks. Bankers. Btooii Brnbers asa (.'01 »n«
Aocooct Books anS
rations with complete ontdts of
B ^tlonery
tV New oonoems organising wilt have tkeir orasr
promptly exeoateii.
No.
WILLIAM STREET,
1
(HANOVBR
8Q£,
ARB)
u
Staten
Island Securities.
A SPEClALTlf.
proval of proofs.
Gas, Uallroad and Electric Llsht C».
«&
eitocks.
Trust Co.
«EO. B. KIFLEY,
Uroadwai. iC,>.>..i
OF PHILADELPHIA.
Incorporated Third Mo..
Md,
(i6
1866
(CHAKTBB PKRPBTCAL
CAPITAL
si,ooo,oeo
ASSETS, 924,353,625 OS
ft.
)
0RANT8 ANNUITIES. RK.
rt^vS^^^r.^?,?^'
MONKY on
DEPOSIT, returnable on
hPJ,^,*'J^
aemaud, or on which interest Is allowed,
aud Is
f^Hl?.nJ ''/J .".'?'.'•<>*<='• "IS KXE(;uToii. Admin.
KKCEiVkii, agent,
"f
'">'"'>
'is
K.
SHIPLEY
Chronicle Volumes
SI.\CU
Any
1870.
pDS'es.inv heso volumes since li<70 bae
at hand f >
onvenlent reference a complete and reliable financial history of the period. Parties having
the more recent volumes can obtain from the pub
Ushers most of the earlier volumes, or ojapleLe sa
can be fornhibed.
office
r
etc., y-or
the
capital
and
ample security.
I?i .L'H".?
.,A . „'..'"'' J""* investmenisare kept separate
'
4,S^J^"''"".''''» "'sets of the company
"osidlnu abroad careful
Bniil5,..?'i'?J!i',P''"'""
oouected
and duly reiniited.
SAM'L
to., Botton.
&
British
Prealdent.
There
fi??h5?,'i^^ **?•
wi^o'So'"cCp%''!f5."Kv.si"
i-iviAo r.^^'irr'
A o w Hi be
LITTELI. *
ccco
^1
INCORPOBATKD
inriif,.
f,?,^]i'?"''?1'">
furnish
"
•PPllcailwn.
bS
n
Provident Life
"*
^«w
to
MM
{iS7ti"a'irt'fi.^'.?^.;rj.'LV,?-"»T^A^;'i!sr''"'^''-
»»"1.'iw?k'"A''®
:
None.
JOHN
M
P>'l)llc»tlun came from the press,
SI..."..*'^""*
perfect publication of
IS fciSi*!*/.'.! •t'«><l,« the most
There n but one LIVING
i^i"!Ji2'S'"'""t-?°„'.\"""^ '"'" eisayei Imitations. While
• h-f;
'** '"*..';""'" ""e" "onhy. they have
tSSlI.l"'.h^i """
<"s"lmlnallrK juaiiment. that
ISItfi.'?."'
"«•=" appreciation of
5SS*^S'..if,"?'"'•,''"<'"""
SS^lo •« I iv^w. i'.?2 .""^^'lence. which make
-,r.if9L
r^a
CO
(»
(71
Insurance Company
PORTLAND, MAIIVE.j
Life
mo ?e than
THRKB AND A OUABTEB
THOUSAND
"t"}^ ••*" * "n'urT since the
a
n
n
UNION MUTUAL
THE LIVING AGE
A WEEKLY MAUAZINE,
ft."*
!
:
%nsvivnvite.
Tenters upon its 48th year.
. I
It has mcl with conbtant cum[meiKlatiun and success.
[
bi •ll
*-|
coco
5,0
.
05-'
Vi
14,000
None,
6,000
288,000
35,000
None.
None.
^ttWijcatians.
An.
"*.00
t»
Jt'
No new features were presented in this branch of the
nor are any fresh developments expected until import ers
are more fully prepared to show simp'.esof new spring goods.
fietailers have had a prosperous fall trade and collections are
reported good by jobbers.
gives
:
•fi
>^05ac)ft-
quiet.
trade,
it
:
>
OMWCOO*
MtOO *^
OS©
«» In 1891
.
None.
309.000
583,000
:: g
o
:
it)
1888.
Dec 29.
:
:
.'0
1889.
Dec. 28.
gj
*j
Cito
FobeignDrt Goods.—Tlie demand for foreign goods at firs
hands was conspicuously light, and the jobbing trade was
Littell's
...
g;
Ml^
CPW
CO^
low
MOl
1890.
Dee. 27.
Providence speoulators
Oatslde speculators (est)
anulaotui
to
Tke value of the New York exports since January 1 ha^e
been $8,696,546 in 1890. against $S,044,435 in 1889.
the
Staple cotton goods ruled quiet iu first hands and
Agents' prices are without
jobbinif trade was irregular.
quotable change, but it is more than likely that slight concessions will shortly be made by some of the mill agent?, i n
order to move ceitain makes of plain cottons that hare ac
cumulated somewhat of late. Colored cottons, wide sheetings, corset jeans, white goods, quilts, etc., are well eold up
and firm. Light fancy prints have been opened at about J^c.
per yard below last season's prices. Print cloths were only in
moderate demand, but closed steady on the basis of 8c. for
64x648 and SJ^c. for 56i60s.
S
3
HMIO
oo—
So
Wool
:
on
From New Knsland ailll points direct.
Sloek of Print Ololht—
Cottou
nj!
'•CC3
*
Bilk
Flax
Iscellaneo
g
1
T
:
Zl
t
40,247
1,560
S
o
a
CJ'3SjvlOO0
215.204
3.296
Total.
2h
19
52
586
47
61,875
China, via Vanoouver..
B
1.
7,1H6
4,800
15,186
3.703
5.977
417
H M
V7eek:
faotB.
PrPHldAnf
Vl'l'''4\V^/'H,^kVfo'i?P?c';ident.
AHA 8. Wl^o, Vice-President and Actuary
WII,LIAIH B. DANA &. CO..
WILLIAM BTBEET, NEW TOJtK.
102
@FedFRASER