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B
.
.
financial;
xtmtk
HUNT'S MERCHANTS' MAGAZINE.
RKPRE3ENTIN0 THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
VOL.
SATURDAY. JANUARY
52.
3i*hc
OTItrauide.
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WTTtiAM H n.vA
mm. a.
o FLOYD.
FTovn
torn
<
BAN A & Co., PublUhers,
10* William Street, NEW YOKK.
p^g.j Office Box 958
TPII.I.IAHI B.
i
^
(1,838,531)
(1,163,200)
(27.157,925)
(5,536,000)
llOStOD
Providence....
llnrtford
88.317,316
6.450,600
New Uaven...
1,436.000
1,193,509
1, 189.823
877,838
532,477
93.419,236
6.830,600
2.037,670
1,385.228
1,293,692
1.14^,659
1,087,674
702.709
355,728
-t-24-9
-(-49-9
102,«29,232
107,211,094
-4-8
119306331
6«.B17,078
13,902.812
13,719.175
7,47»,718
1.677,235
923,782
857,068
1,3^7,203
76.075.566
16.067,900
14.110.110
6.289.627
1,325,318
901,142
762,963
—12-0
-13-6
73,043.1,2
-30
16,46;i.787
105,377,288
115,502,51't
-88
78,131,693
12,790,650
62.685,792
12,355,900
5,820,412
4.740.988
4,956,880
2,5b9,100
-I-21-6
(Cotton
ijolej.)
Jmihels.)
(Grain
(P»tn)l«um
bbii.''
1.8t>8.0e2
Springfield....
Portland
Lowell
New Bedford.,
Total
New
l,133,Hlli
England..,
Philadelphia
Pittsburg
Baltimore
Del..
Syraonse
Rochester*
The following table, made up by telegraph, etc., indicates Total Middle..
that the total bank clearings of all the clearing hotises of the Chicago
Cincinnati
United States for the week ending to-day, January 31, have Milwaukee....
,
$1,018,.5 10,893,
against $1,051,598,419 last
$1,176,381,247 the corresponding
week
week
and
6.141.4<)6
5,0b0,00«
5,458.590
2,919,500
1,833,02«
1,906,838
Detroit
Clereland
Columbus
last year.
,
Indianapolis...
Peoria
Wetlt
CUtARIHGB.
Ending January
Grand Raplda.
B«Mon
89,049,198
49,654,635
11.636,355
60.778,000
16,264.464
12,868,993
PhUadelphla
Baltimore
OUokiro
Bt.Loms
•wOrleana
a«Ten oltlee, 5 days
OtlMr olUes, Bdays
Total
all ctues,
AUoltle^
Total
1
6 daya..
day
all cities tor
week.
2)
(-58-5i
(-39-9)
(-751)
-5-6
-6-5
-6-8
-f7-5
-7-7
-I-3-6
-)-4-2
(1,924,676)
(479,200)
(20,738,9871
(596,000)
103.371,018
6.479,400
8,590,452
1.482.529
1.420.156
1.237,5l-9
1,224.476
837,301
656,410
-i-7-4
(-I-61SV
(-310)
(-13-8)
(-82^)
+2'9
-1-14-7
-f8-4
-t-8-rt
-2-8
-t-10^
-)-2-8
-f-28-8
-I-S7-8
-1-20-1
7,673.'; 00
-O-Ol
-15-9
-0-8
+28-4
-fib 8
2.li22,4,'*4
4-44-8
12,8«8,.'i32
4-2-6
8i8,u7ll
-e-8
-I-18-4
838,485
-l-U'8
1.349,812
-es-5
-Ht-S
-I-6-7
+10-C
-(-12-3
2,09^1,853
—124
l,.il40,2»o
-1-42-2
112.781,7111
-0-1
79,657,908'
14,192,6501
6.115,2tHl
6,»45.5m4
5.:«4.«10
3.205.300
-H7-5
-t-ia-7
-)-ll-9
-1-111
-i-5-4
-e-»
-14-0
-i05,87B
672,318
-1-4-9
2,1S2,6;5
1,966,278
1,204.799
112.941,449
9T,045,518
-fl6-4
119,155,874
-fie-o
13,679.907
1,938,M^1
10,392,964
1,169,482
?62,551
638,416
461,3U3
-I-S1-*
17,095.687
2,003,463
1,024,083
-I-17-1
-I-44-1
827,9«»
671.348
t88^»
-HW7
-1-ee-s
1890.
aan Francisco...,
«486,1 39,383
782,468,902
(-33
31.
Total Middle Western
1891.
K«w York
P. Cent.
(894.5391
(501,400)
(16,EH«,325)
(1,376,000)
thara.)
lautcla
Baffslo
been
JBnd'g Jan. 17.
P. Cent.
IStiO.
689,551,612
Washington
Wilmington,
CLEARING HOUSE RETURNS.
/
621.779,419
Worcester
i
WuH
We«* Bndint January 24,
1891.
New York
Sal«» 0/—
Advertlsemeiuts ordered for less than one month, In the Cojimercial
_* FiSAKCiAL CiiRosicLE, are published at 25 cents per line each Inser'tlon. When orders are deflnitel.v given for one month or longer, a liberal discount is allowed, and the <«( pricen may l>e obtained on application at the oHice. The lowest 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
tbe Inch.
London Asents
1,386.
exhibit an important decrease from the previous week, and in
consequence exchanges are appreciably less. Altogether the
loss from the preceudtng week reaches $183,663,501.
Instituting comparison with the corresponding period of
last year, we iind that there is a decline of 5-8 per cent in the
aggregate, the total outside of New York recording a gain of
07 per cent. The decrease at New York, however, is due to
the lesser transactions this year at the Stock Exchange, for
after making due allowance therefor in each year a slight
gain this year is disclosed. Most prominent in percentage of
increase this week are Portland, Ore., 65-8 percent; Sioux
City. 51-3; Los Angeles, 50-4: New Bedford, 49-9; Tacoma, 48-8;
Peoria. 43-3; Chattanooga, 42-0, and Minneapolis, 40'9 percentt
for 8u;.scril)ers at $1 00.
Terms of
NO.
81, 1891.
$604,101,103
79,320,229
56,942,937
12.097,411
-19.5
52,17<),309
-(-16-6
It!, 794,704
-82
10,483,276
Portland
-128 Seattle
Tacoma
-128 Los Angeles
-38
-f-22-8
Lake
$831,916,988
116,116,397
«837, 198,177
181,312,716
$947,032,365
229,348,882
tl,018,&10,&93
$1,176,381,247
6
-11.
-20-D
-l-:)7-9
-1-48-3
-h50-4
City*.,
1,940,788
Total PaclHc,
18,315,801
18,427,798
-t-88-S
7,581354
8,576,878
-13-8
3,>!66,813
-(•40-9
4,|>.>Q,714
Dalnth
5,445,529
8,900.338
3,819,926
4,047,871
1,791,087
St. Joseph....
1,567315
SlooxClty
Des Moines...
Wichita
1,117,695
4,776,283
1,816,735
1,330.649
739,014
646,770
686,110
487J296
889.984
688.S&8
727,547
545,181
806,678
Salt
Kansas City...
Minneapolis...
-151 Omaha
+13
948,150
698,652
,
St. Paiil.
$706,3dl,228
130,818,919
1.1)51,771
,
1-66-8
,
:
Denver
Lincoln
Topeka.
3,855,735
-6 8
-18 2
-1-4
-t-171
-H61-2
-6-2
-19-5
-21-6
The full details of clearings for the week covered by the
31,283,585
31,859,778
Total Other Western.
above statement will be given next Saturday. We cannot, of
81.417.932
2 1, 456.626
8t. Loals
oouise, furnish them to-day, bank clearings being made up by New Orleans...
17,64S,U38'
ie,l68,<i7«
8.409,993,
6,l»>.55"
the various clearing houses at noon on Saturday, and hence in LouisTlUe
3,632.233:
3.608. IS
Memphis..., ...
1,911.4«
2,038,781:
Richmond
the above the last twenty-four hours' of the week have to be (lalTeston
2,942,-14
1.P48.182
2.082.H9S
2,071,632
Nashville
in all cases estimated, as we go to press Friday night.
Below Oullas
1,01-8.? 44
1.122.021
908.407
1.528,687
are our usual detailed figures for the previous week, that is Fort Worth....
1,0114,713
984,799
Norfolk
S76.00U
584,000
covering the returns for the period ending with Saturday Chattanooga.
862,177
9513B7
Birmingham...
478,886
443,0-18
noon January 34, with the comparative totals in 1890.
Lexington
9,000,4 Ik
Houston*
Concurrent with a considerable reduction in the volume of
69.MS.0e2
«a,2S9,871
Total Bonthara...
speculative transactions on the New York Stock Exchange
1,061,596,419 U18,27?392
there has i)een a heavy falling off in the bank clearings, the
Total all
decline during the week under review exceeding one hundred ontsitie New Fork.
489319.000 4<e,72e.780
and forty millions of dollars. At Boston also stock dealings
l^ut tuvtuaea la lutaia.
[
I
.
-I-87-1
-0-1
-0-01
-8-4
—17-2
»81l
-1-6-6
-|-69'2
-fO-4
-2-6
-40-7
-1-9 6
+*SfO
—81-4
—T»
-3-8
-6-8
,
'
+IT»
2,012,987
"+0^
21.682.410
H-90-t
THE
180
C?flRONICLE.
LVOL. LIL
a few banks who were in the
branch of the market, took advantage of
borrowers and advanced the rates to high figures,
1891, a book of 270 pages, issued while others were content to let loans stand from day
the Commercial & Financial to day at fair rates, and even made some time contracts.
eign bankers, and
THE FINANCIAL REVIEW— CITY AND
STATE SUPPLEMENT.
call
The Financial Review for
annually from the office of
Chkonicle, -will be ready on or before the 10th of February.
This book contains a very complete summary of statistical
the
matter and of articles of permanent value published in
Chronicle, and also has bound up with it a copy of the
Investors' Supplement of latest date— that for January 31,
The price of the Review
1891.
is
the Chronicle $1 50.
The Investors' Supplement
|3, or to regular subscribers
-of
was
entirely re-set in
loan
Now
the latter are obtaining 6 per cent for their
that
the Clearing House certificates (except $40,000
all
which
is
it
understood are held by the North River
present) had been
Bank and cannot be returned at
new
retired.
The maximum of these
inferior
type prior to the November issue, but owing to the
great
the
that
possible
quit*
it
is
number
press-work on that
improvement may have escaped the observation of many of
money
while the former are soliciting contracts at the ruling
low rates for time loans. It was reported on Thursday
certificates,
we
as
reported once before, was 115,205,000, that figure being
reached on December 13th.
Money on call, represented by bankers' balances, has
its readers.
better, and those who refer often to the pages of the Supplement this week loaned at 5 and at 1^ per cent, averaging 3,
The
press- work
on the
issue of this date
is
much
will scarcely fail to appreciate the great advantage of having
at
clear type.
trust
The new City and State Supplement, soon to be issued
from the Chronicle office, is in course of preparation, and will
probably be ready in a few weeks. This publication will be
quite distinct from the Investors' Supplement, not issued
on the same dates, and it will aim to give a much more complete exhibit of city debts and finances than has ever before
been presented to the public. It is premature as yet to point
out the great need of such a Supplement to the Chronicle or
the particular merits of the one in preparation; but we shall
have more to say of
it
in the near future.
THE FINANCIAL SITUATION.
There has been no perceptible effect on the money
market caused by the sad death of Secretary Windom,
nor is there likely to be. Had the same event occurred
in December, when credit was so disturbed and loanable capital so scarce, it is more than probable that the
consequences would have been very harmful. We have
written in a subsequent column with regard to Mr.
"Windom's administration of the Treasury department,
and the change in Treasury policy which may follow
a new appointment. The present seems just the moment when a sound money advocate put in control of
the finances of the Government would find a wide
support throughout the country. A threat of free
coinage
frightened
good people
months back, and led them to accept almost any device for defeating such a measure.
In the past state
of public opinion that course may have been necessary.
It is BO no longer, for even some of the " Silver Senators " have had new light free coinage they have found
is not what they wanted, for it will not raise the price
of bullion, but depress it. Keep that truth circulating it is incontrovertible.
There seems to be no change in the flow of money
towards this centre. It continues to come in large
volume.
So long as this is the case our money
market cannot fail to develop an easier condition week
by week unless the Treasury should go on accumulating surplus as it has done the last few days. But
notwithstanding the banks have thus been losing
currency largely, through Government operations,
growing ease has ,\^een the daily report since
our last.
Offeringl^' on call are abundant from
all quarters, and time loans
are being pressed by
silver
hosts
of
;
;
large institutions, while the
demand
for
them is not
One feature
which renewals have been made. The banks and
companies have reduced their minimum rate now
to 4 per cent. Time loans on good Stock Exchange collateral are freely offered at 4 per cent for sixty days,
4^ for three to four months, and 4f @5 for five, six and
The banks are not yet in the time loan
seven months.
branch of the market, as they are awaiting the subsidence of the demand for money with which to pay
duties on goods in bond which must be withdrawn
on or before February 1. But after that date it is expected that those institutions will compete with other
There is a good inlenders for time-loan contracts.
quiry for commercial paper of the first class, but an indifThe supply
ferent demand for lower grades of paper.
is fair and rates are 5 per cent for sixty to ninety day
endorsed bills receivable ;
mission house names, and
5^@6
5J@7
for four
for
months com-
good single names
having from four to six months to run.
In London, also, money continues on the downward
The Bank
grade.
of
England minimum
rate of dis-
count was reduced again this week to 3 per cent, from
3^ per cent to which it was lowered last week. This
action of the Bank seems to have been necessary because
money had dropped
so
low in the open market
;
some of
the joint-stock banks had previously reduced their rates,
while sixty to ninety day bank bills in
materially,
declined
lf@l|per
being
London had
reported
At Paris the open market
cent.
also
yesterday
at
rate has
advanced to 2^ per cent, probably because of the return
to the interior of the vast sums of money that were
sent to Paris for the purpose of paying the first
instalments on the new loan, which was so largely subscribed for that the allotments were but little more
than 5 per cent. The open market rate at Berlin is 2|
The Bank of the
per cent and at Frankfort it is 3.
Netherlands has recently made two reductions in the
rate of discount, from 4^^ to 4 par cent and then to 3^^
The revolution in Chili seems to have had
per cent.
no other
still less
Bank
effect
in
London than
active, especially for
to
make
the market
foreign securities.
The
England gained £317,000 bullion daring the
week. This, as we are advised by a special cable to us,
was due to the import of £29,000 from Portugal, &c.,
the receipt from the interior of Great Britain of
£661,000 and an export to Holland, Brazil, Ac, of
of
£373,000.
Foreign exchange has been dull this week, and genurgent and only moderately good.
is
erally steady, with but few and slight changes. Easier
reported this week which shows the advantage borrowdiscounts and the reduction of the Bank of England
ers now have, and also shows that it is not always
the minimum affected the market after Wednesday, and on
more profitable to ask the highest price one can get for
Thursday it was also influenced by the absence of
money.
During the stringency in November and
demand. Brown Bros, advanced the long rate on MonDecember, some of the trust companies and forday to 4 85 and again on Wednesday to 4 85^, but they
all
at
.
Janoart
THE CHfiONIOLK
81, 1891.]
made no change
Peabody &
Co. maintained 4 85^ for
Kidder,
at i 88.
Thursday, when the
until
sight
for
60-day and 4 88
Bank of British
The
4
86.
to
up
moved
was
former
North America posted 4 85i for long and 4 88 for short
on Monday, and advanced the former to 4 86 on Tuesday, maintaining those rates for the remainder of the
week. The Bank of Montreal moved up to 4 86 for
long and 4 88^ for short on Monday, and thereafter
made no change till yesterday, when it reduced both
Rates at
long and short half a cent to the old figures.
for
60-day
86
at
4
stood
the close of the week
85J@4
In a subsequent article we
4 88 for sight.
trade during the late
foreign
our
of
course
the
review
calendar year, but give hero, as a matter of record, our
and
at
usual statement showing the imports and exports for
each month.
rORCtON TBADI UOTIMCNT Or TBI 0tnTEO BTATtS— (000>
GOLD.
HmCHANDISB.
rm
JTot.
Bxtxn
Im-
1
0/
Export*. Import*.
port*.
port*.
1890.
J«n....
Feb...
*
1
79.212
70.477
7,218
3,465
71,002 •8.370
"1
'2,081
70.138
May.
63.^23
37,4o7
Jane
.3 3,111
67.m
fi.ew
April..
July..
A<KI...
Sept...
Oct....
Not...
Dec....
t
11.089
63,%8
March
.
t
«3,223
'
73,435
'•i-i.32i
34,415
3«,1S9
«8,B93
77.669, '-.M.IU
«i,2ai •3,012
73.M0 •7 247
9S.32o!
89,122!
»8,440|
72,665 25,784
64,213 24,010
60,714 37,726
ImporU.
t
481
1,171
1,467
1,062
289
3.731
«
1,057
1.476
1,A22
pari*.
0/ Bx.
port!.
VOrtt
$
*
696
305
165
+674
+8
+3,345
478
281
380
1,188 11,860+10,672
1,78.-.
+411
2.136
1,143
1.425
282
2.211
2,636
425
687
1,369
1,028
6,033
632
3,401
Bxau
Im-
»
3.U7
2,305
3.122
2.860
1,398:
970
2.003'
2.021
2.277
671
2,085
2.835
»
1,406 1,742
1,070 1,226
1,191
1,031
1.678 1,066
3.680 •2,182
•874
1.850
1,286 1,617
1,871
160
•121
2,308
2,586 •2,015
487
1.598
1,883
062
857,624 823.319 34.305 20.233 24,063 +3,830 26.299 22.300 3.999
827.106 770622 36,881 12.006 30,934 +38,929 40.691 19.210,21,475
691.761 725.411 •33,810 1 0.001 34,526 +23,665 29.880 15.906 13.972
6.483I44.880 9,141 35,745 27.845 16,773 16.872
7I5..101 708,818
26 27.056 17,223 6.833
713,104 663,429 49.075 41..S09 41,283
1883.^688.249 587.808 100380 23,6151 11,417 12,228 33.281 17.772 13,806
Totnl
1889.
ISSS.
issr.
1886.
*
EXCC9.S of imports.
t
E XC08S
it
expc rtg.
Notwithstanding the fact that 1890 was a poor year
for the anthracite coal trade, both the Delaware Lackawanna & Western and the Delaware & Hudson submit
very favorable statements of operations for that year.
The exhibit
of the
Lackawanna shows
just about 10
per cent earned on the stock, while the Delaware &
Hudson reports nearly 10^ per cent (10 •48) earned.
The Lackawanna
actually shows an increase in
gross
receipts of nearly 2i million dollars (after a loss in 1889,
however, of 5 million dollars), and an increase in net of
nearly $600,000.
In the case of the Delaware
& Hud-
son the changes are very slight, but in the direction
of
improvement.
We
have, however, only to examine
" receipts from coal,"
separately the item of
unfavorable
the
being
year
was
to see
how
in that particular, these
1890 as only $7,800,206,
against $8,662,318 in 1889, and as much as $10,622,067
in 1888.
The receipts from railroad operations have
steadily increased, and this has served to overcome the
loss on coal.
It would appear that now even the coal business is
beginning to show improvement. At least that is a fair
receipts
stated for
inference from the returns for the
of both the
Thus
month
Erie and the Philadelphia
the Erie reports for the
month
of
&
Company, however,
Iron
aum of no less
than $231,780, and even after quite a heavy augmentation in expenses the net for the month indicates an
improvement as compared with the corresponding month
When Mr. McLeod was elected
in 1889 of $38,352.
to the Presidency of the Reading we had occasion to
commend him for having among his first acts ordered
a return to the practice of furnishing monthly returns
of the business of the Coal & Iron Company, which
during Mr. Corbin's incumbency of the office had
been withheld. Mr. McLeod has now further added
to
the
usefulness
the
of
monthly
statements,
December
Reading.
a gain of $189,-
by
items tending to make the
statements more comprehensive items which havenever previously been included in any form of
In the new shape the statement gives for the
return.
other
incorporating
—
company not only
gross and net receijpts
the operation of the road, but also the net
BILTBR.
of
A
gross receipts have been added to in the
Railroad
omttt«<>.)
Bxcf
Ex.
Exports
For the Coal
which has been kept $34,149.
in the short rate,
181
from
receipts-
from other sources, the expenditures for permanent improvements, and likewise the month's proportion of the
For the Coal & Iron Company we have
fixed charges.
gross receipts, operating expenses, colliery improvements, expenditures for permanent improvements and
In other words, the new statement furfixed charges.
nishes very full information for the guidance of investors and the public, and in form is as good as that of
any railroad company in the country.
The December return of the Pennsylvania Railroad,,
as already intimated, makes an unfavorable comparison
with
On
last year.
Erie there
is
the lines east of Pittsburg
a loss of $189,945 in gross earnings,
and
and
Western system
$67,308 in gross and of $184,192 in
net.
Taking the Eastern and Western lines together,
there is a decrease roughly of about a quarter of a
million dollars in both gross and net.
But it must notbe forgotten that we are comparing with very heavy
earnings in the year preceding.
We have not the exact figures for 1889 on the Western lines (the method
of reporting the results having been changed), though
we know that there was very decided improvement.
But the Eastern lines then showed no less than $687,183
improvement in gross and $468,392 increase in net. After
this heavy gain, the decrease of $189,945 in gross and
168,127 in net in December, 1890, is evidently not very
heavy.
The following gives a comparison of gross and
net earnings for a series of years, both for the month
and the twelve months.
of $68,127 in net earnings, while the
shows a
loss of
LINIS K48T or
PITT8DCKO.
t
Gross earning
Operat'g exp«iues.
Net
Jan. I
1888.
1890.
Uecemb'^r,
%
1886.
t
3,831,026
t
4,808.082
8,618,236
$
4,693,964
3,611,069
4,428,216
3,709,208
3,030.034
2,687,481
1,606,111
1,884,238
1,195.816
1,881,895
1,308,183
Tsso.aoi
6,305.319, 6.496,264
earnings...
1887.
4,046.68jr
to Dec. 31.
Orouettmlngs
66,202.260 61,514,445 68,172,078 55,871,813 50.370,068 45,616.087
Operat'g expenses. 41.080,554 41.006.805130,331,153 37,088,585:33.619,586 29.479.769
Net earnings... 21,221,706
20.417.840118.810,025! 18.584.7•^8'17.750,48^ll6,136.ae»
A glance at the figures for the twelve months suffices
Gross-,
to show what an extremely active year 1890 was.
receipts increased,
774 in gross earnings and a gain of $87,329 in net earn- 815 and net
ings.
The favorable result on this line is the more lines east of
noteworthy in view of the loss in both gross and net additions have
earnings for the same month reported by the Pennsyl- in gross and
as
compared with 1889, $4,687,-
$804,066, and this covers" merely the
Pittsburg.
On the Western lines the-
been just as decided, reaching $4,222,100
$1,231,754 in net. The two together,,
Tania, as shown below.
The Reading of course is a therefore, show $8,909,915 increase in gross and $2,distinctively coal road. Hence the increase recorded by 035,820 increase in net.
It will be observed from the
it and by the Coal & Iron Company has special signifiabove table that there have been uninterrupted gain*
cance.
For the Railroad the changes are only small, in both gross and net, year by year, ever since 1885, the
and net increase of $4,687,815 in gross for 1890 following f 3,-
gross earnings having been enlarged $31,169
i
.
.
THE (JHRONICLK
182
[Vol. Lll.
342,367 increase iu 1889, $2,500,765 in 1888, $5,292,- with a rise in prices iu quite a number of instdnces.
245 in 1887 and $4,764,041 in 1886, so that the total The improvement has been due in great measure to the
of $66,202,260 for 1890compare8 with only $45,615,027 laying aside of the "Force" bill in the Senate, accomin 1885, the increase in the five years thus having been panied by reports that there was no likelihood of any
One or two other of the Pennsyl- silver legislation at the present session of Congress.
vania roads have also furnished their December returns Then there were other favoring influences in the declarAmong these the Northern Central shows ation of a dividend on the 1st preferred stock of the New
this week.
$16,766 loss in gross and $10,407 loss in net for the York Chicago & St. Louis, or Nickel Plate road, which
nearly 50 per cent.
month, and the Baltimore & Potomac $4,896 increase
in gross and $22,721 increase in net.
The various other roads which have supplied returns
of net this week, nearly all have favorable exhibits,
though an exception must be made in the case of the
granger roads, the St. Paul reporting $91,481 increase
in gross for December, but $86,128 loss in net earnings.
For the six months ending December 31, the St. Paul
though $405,121 ahead in gross receipts, is $290,754
behind in the net. The Central of Georgia for December likewise reports a loss in both gross and net, but
only slight. The Canadian Pacific, however, for the
same month has $238,401 increase in gross and $35,617
in net, while the Mexican National reports net of $99,498 against $86,978, and the Iowa Central net of $43,872
against $18,899. For November the Mexican Centra]
has net of $280,151, against $250,680, and the Cleveland
&
came quite unexpectedly, and
also in the generally favor-
able returns of earnings for the current weeks of January,
the increase for the third week of the month, according
to our regular table on another page, reaching 10-15
per cent.
Then
the easy rates for money, both
also
here and in Europe, are a help, besides which
London
has at times been a buyer of our securities.
North-
ern Pacific stocks were a strong feature at the very
beginning of the week
afterwards Missouri Pacific
;
developed quite a rising tendency, and during the last
two days Lake Shore and the Vanderbilts have been
prominent in the same way. The granger stocks have
shown considerable vulnerability, and Chicago Burlington & Quincy has been quite freely sold on rumors
of a bad statement of earnings for December, accompanied by talk of a possibility of a reduction in the
company's dividend rate.
The
Marietta $8,738, against $6,823.
following statement,
made up from returns
col-
We
have also obtained this week the November state- lected by us, shows the week's receipts and shipments
ment of the. East Tennessee Virginia & Georgia, and of currency and gold by the New York banks.
this deserves separate treatment.
same
The return
reveals the
characteristics as all previous exhibits
—that
with an improvement in the gross, there is a loss in the
The November result by itself would not perhaps
net.
merit special notice, since there are other roads which
have been distinguished in much the same way in
But in the East Tennessee case the
recent moaths.
augmentation in expenses has been going on nearly all
through the eleven months, and in the aggregate now
reaches really striking proportions, by reason of which
The fiscal year of
fact it attracts particular attention.
the company begins July 1 ; we have, however, made
up the following statement for the calendar year, or
period from January
the
1, in
nature and extent of
Week Ending January
is,
Cnrrency.
Goia
Total gold and legal tendera
Week £ni<«ii January SO,
$
6,799,667
\ fff .<fg'^I
$1,901,000
700,000
$1,090,000 aain.$:),gll,Oa
200,000 Gain.
&00.00
$5,1,01, 000
$1,-200,000 Gnin.$4,311,(
result
Total gold and legal tenders
The
Out of
Into
Banks.
1891.
Banks* interior movement, aa above
Sub-Treasnry •peratloas
is
as'
Net Change in
Bank
Bank?.
$8,601,000
13,800,000
'
Holdingt.
$1,290,000 Galip.$4,31l,000
17,400,000 Loss. 3,800,001
$19,401,000 $18,690,000 GalD.
following table indicates the
amount
$711,0001
of bullion
order to show more clearly in the principal European banks this week, and at the
the changes which have corresponding date last year.
January
Banks of
OrosB earnings
<^eratlng expenses'
Net Interior
Movement.
bel9W.
tASI TEKNESSBE VIRGIinA & OGORQIA.
1890.
Received by Shipped by
N.T. Banks. N. r. Bnn«>.
With the Sub-Treasury operations the
occurred.
Jctn. 1 to Not. 30.
30, 1891.
1889.
Increcue or Decrease.
S
*
5,775,531
3,443,518
]
(59-62 %)
i
Inc. 1,024,136
Inc. 1,402,199
P.m.
17-73
40-73
3W Net earnings.... 1,953,950 2,332,013
Dee.
378,063 16-21
Thus with an increase in gross earnings for the
eleven months of $1,024,136, or 17-73 per cent, the
Bet earnings have actually dfe-creased $378,063, or 16-21
per cent, by reason of an increase of $1,402,199 in
expenses, or no less than 40-72 per cent.
We have been
informed in previous months that the heavy augmentation in expenses was in large part the result of
outlays for improvements and betterments, and the
above table makes it clear that that can be the only
suflBcient explanation of the result.
For it will be
January
29. 1891.
SO, 1890.
Gold.
Silver.
Tofo!.
Ootd.
£
i
£
£
20,730,036
20,730,036
50.037,011049,745,000
28,170,067 13,088,338
99,78-3,000
Bntfland
25,143,728
France
46,30«,000 49,718,000
26,143,722
96,031.000
Germany
27,242,667 13,621.333
40,884,000
Aust.-Hun'y.
6.420,000 16,589,000
Netherlands..
Nat.Belglum..
.-1,499,000
6.438,000
21,989.000
8.037,000
2,707,333
1,363,667
4,061,000
Silver.
Total.
£
j
6,433,000 16,226,000
6,063.000 6,747,000
2,827,000 1,413.000
39,266,000
21,658,000
10,810,000
4,240.000
Tot. thu week 109.818,722 86.700,000 19«i,018,722 110.266,703 88,219,333 196,485.036
Tot. prev. w'k 107.770,194 86,197,666 198,9a7,88o|l08,811,014 86,241,383 195,162,847
TffH LATE SECRETARY WINDOM.
The sudden death Thursday evening of Secretary
Windom at the annual banquet of the New York Board
Trade and Transportation
is without doubt a great
do not mean that another man as honest
in purpose and useful in management as he has proved
observed that for the eleven months of 1890 the ratio to be may not be found to fill his place.
We do mean
of expenses to earnings stands at 71 -26 per cent (and that he has administered his
office well under circumthis without including taxes), while in the correspond- stances more trying
than many understand. Furthering eleven months of 1889 the ratio was only 59-62 ijiore, business interests are so intimately connected
per cent.
with Treasury management
in its head
The
stock market, after showing considerable
depression early in the week as the result of an attack
of
public
loss.
We
that a change
suggests a change of policy and raises a serious uncer-
by tainty.
and the interruption of teleNo one has a right to judge Secretary Windom's
graphic communication by Saturday night's storm, has opinions
or work wholly by his official utterances or by
latterly developed a better tone and increasing
strengtl^ the currency plant perfected and oarried out since he
operators for a decline
'
JjLMUAnT
took his
81, 1891.1
office.
with very
little
IJo
THE
(
HRONICLE.
hud laws given him to admiuiator,
influence in changing thorn or framing
183
large party in Congress has
in the situation.
now waked up
In view of
it,
would
to this
it
change
not be wiso
new ones. A financial policy adopted by Congress in in the selection of a new Secretary to bring forward one
Not only that, in full sympathy with these more advanced views ?
1878 came as a legacy with the office.
but it was a legacy which had been growing more burdensome each succeeding year since that date. SecreSILVER.
tary Manning had to struggle with it through a period
succeeded
by
a
tempohave
received
We
frequent
requests
to make up and
of commercial depression, but
THE CONSUMPTION OF
rary device iu postponing a catastrophe which
seemed publish a detailed statement of the world's consumption
of silver.
It has been on our mind to do so, and we
at one time inevitable.
retirement,
promised
bank
note
have
at times to carry out the purpose. Every
and
certificates
of
silver
the issue
hich made a place for the certificates, has since held attempt, however, has only convinced us of the necesBut in 1889 a new danger threatened. sary inaccuracy, and therefore wholly unsatisfactory
in abeyance.
Congress had admitted three new States. The pros- character of such exhibits, and realizing that, we have
We do not mean
pect of six additional " Silver Senators" in December been led to abandon the attempt.
and more new States and more "Silver Senators" soon that it is not possible and useful to show in a rough way
That
after Congress came together, showed that the Senate where the silver supply of a past year has gone.
Bat when one attempts to
could no longer be depended upon to obstruct and can be easily done.
thwart aggressive silver legislation. So all through the assume for the figures the quality of exactness, and to
summer of 1889 the activity of the silver agitation use them for the purpose of making or indicating a true
increased many-fold; meetings were held every where adjustment between the supply and its distribution,
throughout the West and South, a free silver coinage they become misleading and often mischievous.
Speaking in a general way and for a series of years,
bill being claimed as assured, and it certainly looked
it may be said that consumption equals production, and
if the passage of some such measure was inevitable.
It was in the summer of 1889 when these signs of that price accommodates itself to the demand so as to
a new silver crusade had become so ominous, that the secure that end. If any confirmation of this statement
writer of this received a visit at his office from Mr. were needed, we have it in the well-known fact that
Windom,, accompanied by one of our leading bank the left-over stock of silver has always been extremely
The Secretary came apparently not for sug- small, and presumably about the same from year to
officers.
He at that time described year. Of course the recent speculation in the United
gestions but for criticisms.
somewhat as we have done the new peril to which the States and the attempt to control price has for the
Department was exposed by the almbst certain passage of time being disarranged this natural movement, and the
a free silver coinage law at the then approaching session result is an accumulation of silver bullion in New
That situation, however, is only confirmatory
of Congress, and his purpose to avert such legislation York.
if possible.
He saw no hope in direct opposition, or in of the principle which, as we have stated, always has
any method of treating the emergency, except through controlled in the matter of distribution. It is, too, the
a device which might be accepted as a substitute. situation which we indicated, months ago, must follow
Furthermore, he felt that dollar coinage was a constant the passage of last year's silver bill. " Every form of
and daily increasing danger to be free from which "sUver consumption not actually needful would decline
would be worth the purchase. Finally, he unfolded the " with the advance in the quotation " which speculation
plan which he subsequently submitted to Congress, of and the Government purchases must for a time cause
stopping coinage and of purchasing silver bullion by
were the words we used on July 12th (page 35.)
the issue of certificates therefor at its market value. The event which this suggestion forecast, obvious
The Secretary was very open in saying that if it would enough then, is matter of history now, and we only
avail anything he would advocate no measure except refer to it to explain the reason for the left-over stock
the unconditional repeal of the silver coinage law.
this year, and to show that the accumulations are exWe only recite these facts to show that Mr. Windom ceptional, and do not weaken but confirm the statement
was not in any manner free to develop a Treasury that the average consumption has heretofore equaled
policy of his own; that he was shut in by law on one production, and if price is left to regulate itself
eide and by what he conceived to be a necessity for always will be so.
action on the other.
We may not agree with his plan,
But why, it may be asked, cannot consumption be
but we cannot help agreeing with his purpose. For stated more exactly than in this general way? Why
his proposal was inspired by no object or motive other cannot the production be given on one side of the
than a conscientious endeavor to lift the country out account, and the exports, imports, coinage and manuof the dilemma which he saw was impending in case facture on the other, and thus a correct balance sheet
of the passage of a free coinage bill, and which he felt be presented?
We answer, for the simple reason that
could not be long averted in case the compulsory coin- none of the figures which are used are more than
age of standard dollars was to be continued in- approximately correct, and even that cannot be claimed
definitely.
It is a gratifying fact, well in keeping with for many of them.
Perhaps the most reliable of the forethe Secretary's known views, that in his address last going classes of exhibits are the Government records of
Thursday night he should have spoken on this very international trade, and yet those records have never
subject, presenting so earnestly and so forcibly the dan- so far agreed as to command confidence.
Take by way
ger further silver legislation was to our currency.
Had of illustration Great Britain's figuBes of gold and silver
he lived he would have sought to defeat free coinage, imports and exports from and to France, and compare
not by compromise again but by direct opposition.
them with the French figures of imports and exports
Turning to the future, there is one fact which we from and to Great Britain, and it will be found that
think has in it a new hope. We have passed the day of there is no correspondence between them. This fact
silver substitutes for free coinage. Such methods may has been brought out very clearly by Dr. Soetbeer, in his
have been needful a year ago, But we believe that a "Materials," respecting the movements of the preo-
What was then
postponed,
M
—
THE CHRONICLK
184
ious metals
—compilations
which include the
statistics
metals down
to 1885.
Silver used in
manufactures-
with reference to the precious
United States
After giving the detailed figures of gold and silver Great Britain
imports and exports for both France and Great Britain France
Germany
frem 1871 to 1884, he sums up the results by stating that Switzerland
according to the French records the movement of the Netherlands and Belgium
Austro-H angary
precious metals during those years from Great Britain
Italy
into France is nearly 157,000,000 marks greater than by Russia
the English records, while the movement from France to Other civilized countries
Great Britain appears to be 486,000,000 marks less ; in
other words, between the French figures and the Eng-
Total
[Vol. L'I.
Oross used,
kilograms.
135,000
90,000
100,000
110,000
32,000
30,000
40,000
25,000
40,000
50,000
material,
Net consump'
lUm.
per cent.
kilograms.
Deduct old
15
20
25
25
25
20
20
25
20
20
652,000
115,000
72,000
75,000
83,000
24,000
24,000
32,000
19,000
32,000
40,000
515,000
So far as the first estimates go these two authorities
agree,
only Dr. Soetbeer antedates his competitor in the
nearly
20,000,000
lish figures there is a discrepancy of
Dr. Soetbeer also presents his
same
field
several years.
Britain
to
Great
from
movement
marks a year in the
modest way, well knowing
cautious,
figures
very
in
the
in
a
year
marks
a
nearly
35,000,000
of
France, and
movement from France to Great Britain, or a total how inexact such a conclusion must be. Furthermore,
annual disagreement as to the net movement of about in speaking of his statement of gold consumption, the
Doctor says that "half and perhaps more of the gold
55,000,000 marks.
He
After such a demonstration as this with regard to the " used in the arts is obtained by melting coins."
trade figures of so important a country as France, it is does not give any opinion on that point with regard to
scarcely necessary to repeat, that to follow the annual silver for the reason, we presume, that no further use of
silver production in its distribution throughout the the silver figures is made in his subsequent compilations;
world is obviously impracticable. As to statements of and, perhaps, for the further reason that comparatively
coinage, they are made defective because the records kept little coin would be melted while coin is valued so
of re-coinage and of coinage from old metal are very much higher in the countries where it is legal tender
incomplete. Of even less worth are the hypothetical money than the current market price for bullion. But
figures as to the quantities used in manufacture and even a cursory review of the data from which Dr.
the arts ; they have in truth but little statistical value Soetbeer's conscientious estimate is obtained will conexcept the compilations for the United States made by vince any one that it is of no considerable interest as a
the Director of our Mint, and with that single excep- statistical fact, and of very little use except it may be
tion we would call all such figures of consumption very as an adjustable item of variable size to square accounts
rough estimates indeed, and of no standing whatever after investigation in all other departments of the sub-
in an inquiry that pretends to reach an exact conclusion.
ject has been exhausted.
Perhaps we ought to refer to a recent attempt at a
But in M. Ottomar Haupt's "balance sheet " all the
"balance sheet for silver in 1889," which M. Ottomar details and conclusions partake of the same lack of care
Haupt, a correspondent of the London Economist, made that marks the estimate with regard to manufacture,
the early part of this month. A reference to it is perhaps over which the writer did "not hesitate a moment."
needful, since the writer expresses unqualified confidence We notice, for instance, that he gives the United States
in his conclusions, seeming to think the results lie coinage in 1889 at $34,300,000, or 723,000 kilos. ;
reaches are a perfect demonstration of predictions accepting the dollars as correct, the kilos, would be 825,made by him some time previously. If this belief in the 100. The shipments ofsilver into India are stated at 109
accuracy of the conclusion is well founded, of course million rupees. The correct gross imports of silver into
the work we claim to be impossible has been easily India in 1889 were 116,134,934 rupees and the net were
done.
101,140,079 rupees. For the world's silver production
We are fully justified in saying that there is nothing the writer accepts the Mint statement, which allots to
in the compilation to support such a belief.
One large South America, including Mexico, a production valued
item which is made to do duty an item which as at $79,371,957, equaling 1,909,812 kilos. and yet there is
—
given
;
nothing in this " balance sheet " which shows how a good
part of this large product reached a market or how it went
into consumption.
The statements of the international
very nearly one-sixth of the whole supply is
that same old indeterminable quantity claimed to be
used in manufacture and the arts. This correspondent
states that on a former occasion he had " after careful
*' researches come to the conclusion
that this consump'*tion
is
must exceed 500,000
kilos, of fine
" year;" now he adds that he does " not
" moment to set it down for 1889 at as much
silver
trade for the countries of
Europe and America fail
to give
any record of more than about half of the amount. Under
such circumstances, in making a "balance sheet"
unquestionably one has no right to assume that this
important item is included in the coinage statement of
any European State, or that it went to China or Japan,
or any other outside country, except so far as there is
per
hesitate a
as 600,000
"kilos."
This last total was certainly a convenient
estimate, it being the amount needed to
balance
the account.
Dr. Soetbeer, a much more modest statis- proof that it did.
The presumption, as the evidence
tician, has threshed the same field several times
during stands, is that there is here quite a large quantity of
past years.
His last work of that kind, the results of silver which should
be added to consumption in some
which we have seen, was done in 1885, and it is quite
or else that it can be found somewhere as
a form
noteworthy coincident that his figures were
just accumulated stock.
515,000 kilos., against this correspondent's first,
but
We have referred to this "balance sheet " by way of
much more recent, result, which he says " exceeded illustration,
because loose statements of the consump"500,000 kilos." Dr. Soetbeer's 1885 estimates
for tion or distribution of silver lead to inaccurate statesilver may be worth reproducing here,
as they were the ments of production, and also to
erroneous ideas with
product of an elaborate investigation, using
whatever regard to the effect of legislation on the price of silver,
of fact he found it possible to gather,
which facts, on current supply, and on consumption. What is needed
however, made, after all the ingenuity
and labor with reference to the white metal is more of fact and
bestowed in gathering them, but a meagre show.
less guessing.
It would be a wonderful advance if
'
I
January
THE CHKONICLE.
31, 1991.]
186
each country could be induced to keep as full a record an index of the course of stock values, will find in
the
as possible of coinage,8howing as nearly as the business results for 1890 much to confirm their views.
With
will permit how much of the coinage is re-coinage, how production and consumption on the
largest scale ever
much his old metal, and from what sources or countries known, the iron
now supply came. Material of that kind would bo a (only stronger in
the
welcome contribution
yery
Hitherto
knowledge.
the
to
— that
world's
stock
industry.
during
the
last ten years— the Director of the United States
Mint has done more,, and is to-day doing more,
to secure exactness in statistics with regard to the precious metals than all other workers in that field, and
we are surprised that the Gorernment should give the
Bureau such a trifling sum to carry on its work and
of
downwards. In fact, prices for the various grades of iron and steel declined almost uninterruptedly from the beginning to the end of the year.
The average price of No. 1 anthracite foundry pig
of prices was
is,
iron in Philadelphia for January, 1890, was $19 90 per
ton.
For December the average was only $18 00 per
ton.
may suppose that the large output of iron
We
;
it is still
more
plished so
of a surprise that the
much with
industry reflects the same activity
degree) noted in other departments of
But, as on the Stock Exchange, the course
Bureau has accom-
tended to reduce prices, and on the other hand it seems
fair to assume that the low prices had the effect
of
stimulating consumption.
Quotations of other grades
so little.
GROWTH OF THE IRON IXDUSTRY.
of iron show the same declining tendency.
Thus gray
forge pig in Philadelphia averaged tl7 90 per ton in
January and only 115 00 in December. In Pittsburg
In his paper on "The Future Situs of the Principal
Iron Production of the World," originally published in
the Manufacturers' Record of Baltimore, and now
reprinted in pamphlet form, Mr. Edward Atkinson
gives expression to a feeling of some concern lest in
riew of the steadily-increasing requirements for iron
the world may not be able at some period in the near
gray forge dropped from $18 00 to 114 75, and Bessemer pig from $33 60 to $16 60, Steel rails at the mills
in Pennsylvania fell from $35 25 to $28 50.
With a
total
tons of 2,000
lbs.
production in 1890 of 10,307,028 net
Mr. Swank estimates that the United
in that year produced 1,200,000 gross tons
(which
would be 1,344,000 net tons) more than Great
It is not at all necessary to endorse the process of reasoning by which Mr. Britain produced in the same year, so that we now
take first rank as the largest iron-producing country in
Atkinson reaches his conclusions, or to accept the
fature to supply the prospective
requisite of
modern
conclusions themselves, in order to demonstrate that the
iron industry is growing at a wonderful rate.
In the
United States certainly the marvellous development of
this branch of trade has been one of the most interesting and suggestive features of the times, and we have
frequently in these columns directed attention to the
New and
fact.
States
demand for that prime
civilization.
later
data,
as
received,
only
give
further emphasis to the matter.
The heaviest make of iron for any year in
Great Britain's history was in 1882, when the out-turn
was 9,617,081 net tons. As compared with that year,
therefore, our product for 1890 shows an increase of
689,947 tons, and it is certainly a gratifying feature
that we have reached a stage in our industrial developthe world.
ment where we produce more iron than the country
which has hitherto been the greatest iron-making
The circumstance is the more noteworthy
in reviewing the statistics for the nation.
we gave some striking comparisons since less than a decade ago such an event seemed
In 1882, when
to show how great the progress which was taking place hardly a possibility of the near fature.
had been in both consumption and production. This Great Britain produced 9,617,081 tons, the United
week the Iron & Steel Association of Philadelphia, States produced only 5,178,122 tons, or about 4^ milthrough Mr. James M. Swank, has furnished state- lion tons less than the mother country. In the interval
ments of the country's production for the full calendar the United States has doubled its production, while the
year, and these tend to confirm all that was previously output of Great Britain has fallen off somewhat.
In the home consumption of iron and steel the
said.
Certain special circumstances operated to restrict
the output of iron to some extent in the last half of United States of course has long out-ranked Great
the year. One of these was the great stringency in Britain. For we consume not only the whole of our
A few months ago
first
half of 1890
money, which culminated in the financial panic in domestic production, but import, besides, a great deal
November. Another was the strike of the Alabama of iron and steel in various forms. Great Britain, on
the other hand, exports a large proportion of her procoal miners in the closing month of the year.
Notwithstanding these drawbacks, however, the make of duction in one shape or another. The per capita conj
pig iron in the last six months slightly exceeded sumption of iron and steel here is also heavier than in
It will reach for 1890 not far
that of the first six months, which had been nearly the United Kingdom.
700,000 tons in excess of the preceding six months and from 340 pounds per head. Away back in 1856 Mr.
over a million tons in excess of the first half of 1889. Abram S. Hewitt prepared a paper on the consumption
There has in fact been a steady increase in the produc- and production of iron in the world, from which Mr.
Atkinson, in the treatise above referred to, makes intion in every half year but one since the beginning
of
1885 that is, each six months has recorded an increase teresting extracts. In this paper Mr. Hewitt gave estiover the prtceding six months with only one exception— mates of the consumption per head for each of the
and this has been going on to such an extent that the pro- leading nations, and finding that on this basis England
duction for either half-year in 1890 is materially heavier stood first, the United States second, Belgium third,
&c., he was led to the conclusion that "the consumpthan the entire production for both half-years in 1885.
" tion of iron was a social barometer by which to estimate
PBODDCnON OF riO lEON I» HALF TBAKLY PERIODS.
—
nso-lat Half
Half
18>*b Half
Half
l-<$7-l«t Half
2a Half
,
lid
1 at
2(1
Net torn.
2,150,S16
2,379,053
2,954,200
3,411,119
3,4I5;210
3,771,996
1888-l8tHalf
Half
1889-lBt Halt
2d Half
1890— lU Half
2a Half
2(1
Seltom.
3,362,503
3,886,004
4,100,995
4,415,084
5,107,775
5,199,253
Doubtless those who regard the iron trade as a barom
eter of the condition of general trade,
and also as
'
the relative height of civilisation among nations." The
'
conclusion doubtless accorded well with the facts at
the time it was made, but applying it to the situatiott
we should hardly be justified in claiming a
higher civilization simply because we consumed more
of to-day
iron than Great
Britain.
As an
industrial fact,
it is
.
.
THE CHRONICLR
186
IVoL. LIL
In this way the increase is not quite as heavy as in
important to know that our per capita consumption is
the
significance.
case of the production, and yet it is very striking,
little
matter
has
the
otherwise
heavier, but
makes
nevertheless,
the consumption for 1890 being 10,623,now
States
United
the
above,
stated
As
ago
692
tons,
against
years
9,365,356 tons in 1889 and only
five
did
only
than
it
months
six
in
iron
more
But even as compared with the
in twelve months.
year preceding, the increase in 1890 is large, being
1,790,949 tons, or over 21 per cent, and this follows an
The
8,295,012 tons in 1888.
increase in
largely a recovery of the loss in 1888
1889 was
resulting from
new railroad construction, but the
1890 increase represents an increase over the largest
total ever made previously, and the consumption for
1890 is just about double that for 1885.
This
cent.
per
or
over
40
tons,
dition of three million
One other point of interest remains, and that is as to
has
when
there
a
time
too,
at
attained,
result has been
the
part played by the Southern States in the enlarged
new
construction
of
the
activity
in
special
been no
In 1886 and 1887 the increase in output. Mr. Atkinson thinks that the centre of future
railroad mileage.
the falling off in
increase of 1,247,572 tons, or 17 per cent, in 1889 over
In two years, therefore, there has been an ad1888.
production followed in large part as the result of the production is to be in the vicinity of the Great Smoky
very heavy increase in new mileage built, more miles of Mountains in the heart of the Southern Appalachian
road being added in 1887 than ever before in our history chain. Below we give the production for each leading
^nearly 13,000 miles. When there was a drop from this State for the last seven years.
figure to about 7,000 miles in 1888, the fact was reflected
in a nearly stationary production in that year as com-
PRODUCTION OF PIO IRON BY STATES.
Tons of
2,000
1890.
alone as fuel is very small, and that the amount is
The iron made
decreasing rather than increasing.
with anthracite and coke mixed, and that made with
charcoal, shows moderate gain, but the bulk of the
increase in production is in the iron made with bitu-
minous
coal.
The make
of the
latter
for
1890
is
7,154,725 tons, against only,2,675,635 tons in 1885.
Pennsylvania.
Ohio
New York
New Jersey...
lUinols
Michigan
Wisconsin
Tons.
914,940
299,741:
144,970;
63,604
32,687
165,569
10,805
3,181
Tont.
791,425
251,356
29*,665
117,900
42,518
27,559
33,847
4,644
2,89e
ro7is,
1886.
188.'i.
1884.
449,492
197,396
267,931
98,259
66,790
39,397
17,806
6,687
2,400
1,953,459 1,566,702 1,182,858
Tons.
292,762
176,715
2t0,S41
82,311
41,907
40,947
To'ia
Tons.
Ion*.
283,859
156,850
189,664
157.483
667.599
3,640
2,200
227.438
163,782
181,199
69,007
37,553
32,924
17,299
1,843
1,790
929,436
876,179
712,835
87,427
4,383
190.:66;
98,818
54,814
48,190
80,502
3,250
134,697
55,231
46,082
42,666
27,342
6,140
436
4,945,169 4,181,242 3,589,186 8,684,818 3,293,280 2,445,496I 2,386,402
908,091 553,963 567,113
1,389,170 1,215,572 1,103,818 975,639
297,247
267,180 296,572
238,618
180,157
389,381
239,486
177.788 126,693 101,882 172,654 167,880
73,867
82,935
601,035 679,307 565,463 501,796
786,239
327,977 327,568
214,356 213,281
258,461
213,543 190,784
143,121
172,834
158,634
116,037 133,508
246,237
66,933
21,632
62,816
100,560
81,574
86,190
69,408
91,783
83,208
138,643
77,340
74,.'>23
61,408
64,277
36,613
60,048
43.818
total. 10,307,028 8,516,079 7,268,807 7,187,20816,365,328 4,629,869> 4,689,613
From
PBODUCTION OF IRON ACCOBDING TO FUEL C8ED.
I
327,912'
Missouri
All others
Orand
1887.
Ibl.
The increase,
the year preceding.
pared with
S'th'n States:
in
the two years Alabama..
tons
of 3,038,521
however,
Virginia....
since 1888 has, as said, occurred without any revival Tennessee
in railroad building, the increase of new road for 1890 West Virginia
Kentucky.
being not much more than 6,000 miles. The following Georgia. ...
Maryland.
gives the production for each of the last six years,
Texas
It will N'rth Carolina
classified according to the kinds of fuel used.
Total
be observed that the iron made with anthacite coal
this
we
see that the
Southern States are mak-
ing steady progress towards higher totals, and yet all
Toru of 2,000
1888.
(^^.
BttaminoQB
Anthr'dte & coke mtx'd
Anthracite alone
Cbarcoal
Total.
1885.
7,154,726 8,951,425 4,743,980 4,270,636 3,806,174 2,676,636
2,169,697 1,676,996 1,648.214 l,919,640[l,a86,861 1,176,477
279,181
341,368 277,615 418.719 443,746 277,913
644,300
703,622
596,789
678,182
469,667
399,844
7.2a8.507!7.187.206 6,366,328l4.629.S69
10,307,028
told they contributed less
than two million tons in 1890
out of a total of 10^ million tons.
Of the increase
of three million tons the last two years, the Southern
States have furnished 820,000 tons.
Pennsylvania
maintains its pre-eminent lead, with 4,945,169 tons, and
important to bear in mind that the additional
Ohio stands second, with 1,389,170 tons ; but Illinois
production in the late year did not entirely go into conhas now for two years had to yield third place to Alasumption. For there was an increase in the stocks in
bama, whose output for 1890 was 914,940 tons.
makers' hands during the year of over 400,000 tons, and
It is
now are rather larger than we have been
accustomed to see them, amounting on December 31,
1890, to 681,992 tons, besides which the American Pig
these stocks
Iron Storage Warrant
Company
STATE OF OUR FORETGX COMMERCE.
held 59,289 tons net,
in
In the enlarged production and consumption of iron
the United States, as set out in the preceding
Imports of iron and steel in
article, we have one of the many evidences going to
In 1887 these
show how our internal trade is growing. The stateimports aggregated nearly two million tons ; in 1889
they were only 831,061 tons, and in 1890 probably not ment of merchandise imports and exports for the calover 740,000 tons.
Allowing for the changes in im- endar year, issued this week by the Bureau of Statisports and in stocks, the actual amount consumed or tics at Washington, furnishes corresponding data as
respects our external trade, and makes it apparent that
used up each year is set out in the following
or 741,281 tons together.
their various forms have also been less.
table.
The
should be understood, cover not alone pig the foreign commerce of the country is revealing much
iron but all kinds of iron and steel, including tin plates, the same characteristics that is, the trade is assuming
the idea being to embrace the full import movement of steadily-increasing proportions.
In the aggregate of merchandise exports and imports,
iron and steel of all forms.
the foreign commerce of 1890 has never been exceeded
Tbnj »f 2,000 Pounds.
1890.
1888.
1886.
1885.
in any previous calendar year, the total reaching about
imports,
it
St'kOfplgbegln'gof TT.j 817,946| 336,161 338.142 262,704 416,612 693,000
Prodnctlon daiinn jear'lO.807,026 8,616,07(1 7,268,607 7,187,206 6,366,328 4,S29,8fl«
Total supplT
|10,«24,B7S S.862,240 7,606,640 7,439,910 6,781,84016,122,8^
Stock end of year
741J»1 •317,946 336.161 388,112 262,704 416,612
Oonftump'n of home pi« 9,883,692 8,634,296 7,270,488 7,101.768 6,629,136 4,706,357
Imp'ta of Iron and steel t740,00o' 831,061 1,024,524 l,997,247ll,230,393 647.896
Tot, coniiumpt'n, tons 10,623,692 '0,366,366 8.295.012 9,099,01617,759,629
6,354,262
*
Inclnding 40.544 tons net held In the warrant yards of the Amertcan
31, 1889, and 89,289 tons De-
*'^»'"™''t Co- December
Ji""^?*","?,??
cemoer
o±, lo9U.
1 December Imports estimated.
^'•^
—
1,681 million dollars, which compares
lion dollars in 1889
The
with 1,597 mil-
and 1,417 million dollars
in 1888.
on the whole has been a rising one ever since
1885, when the aggregate of exports and imports
amounted to only 1,276 million dollars. Prior to 1885
the total had for several years been declining, and if
we go back to 1880 we find an aggregate within 95
total
million dollars of that for the late year.
But 1880 was
Jandaby
THE
81, 1881.J
CHJBONIMLP.
187
The cottou export* of 1890, it may be somewhat of
a year of extriioniinurily lie,»vy exports, imd, bosidos,
prices geiionilly wore then on u very liigli basis, so thiit a surprise to hear, did not come up to thojo of 1889
In the actual either in quantity or values. This seems rather strange
the coaditions were not at all similar.
volume of business done, the trade of 1890 must hare
been vastly greater than that of 1880.
The ^890 imports are the largest on record.
exports,
for
The
reasons already stated, do not quite
the
equal those of ton years before, in 1880, but the differ-
ence
not very great, the values for 1890 being 857
is
million
dollars
and for 1880 889 million dollars;
with the exception of 1880 the 1890 total is the heaviest
ever reached.
In 1888 the value of the merchandise
exports had got down to 691 millions, from which the
recovery during the last two years has thus been very
decided.
In 1889 the improvement was about 136 million dollars, and this has been followed in 1890 by a
further addition of about 30 million dollars.
The conditions during 1890 were quite propitious to
a large export movement, and yet did not continue entirely favorable to the end.
The
excellent cereal crops
1889 left large surpluses'for export duriug
1890, and the export movement was greatly stimulated
raised
the very heavy crops
in view of
raised the last two
For various reasons the
movement of the 1888-9 crop was very small in the last
four months of 1888gand this threw heavy exports
years, but
in
by the very low prices for grain which prevailed during
Under these circumreached extensive proportions,
«nd in the case of some of the cereals notably corn
the early months of the year.
easily explained.
is
into the early
that in the early
months
months
of
The
1889.
result
was
of 1890 there was a falling off
from the exceptional totals of the year preceding. The
might have been recovered duriug the closloss
ing months out of the 1890 crop, only that the monetary stringency intervened and retarded the movement
As it is, the exp(^ts for 1890 are about
to market.
5,030,000 bales, as against 5,411,788 bales in 1889, but
as against only 4,627,144 bales
The
in 1888.
value of
about 254^ million dollars, against $266,649,345 in 1889 and $225,122,111 in 1888. The exports of petroleum, crude and refined, were heavier in
1890 than in 1889, the total being 689 million gallons,
against 676 millions; but the values are about a million
dollars less. In the following we have brought together
the figures for the last six years for each of the four
the exports
is
leading staples.
stances the shipments
and
all
oats
—
—the
outward movement at times surpassed
previous records.
But
in the latter part of the year
was changed, under the poor yield of the season
of 1890.
With short crops of wheat, corn and oats,
the exports of these various cereals fell off, and the re-
all this
sult
that the comparison for the twelve
is
months
is
not nearly as satisfactory as it was for the first six
months. Still, the totals are in ^most all cases
heavier than those for the preceding calendar year.
This
applies
both
values
1888.
»
and
1889.
1887,
$
1885.
t
$
2M,350,000 2fl6,8»9,315 225,122,111 215.07i,'2«7 215,331,961 181,432,187
101,*!i1>r82|l51,627,05«
132.M3,751
Breadstalte. 111.600.000 129,005,187 110,fl63,(!63
Prov'ns, *c. 148.700 000 123,307,283 91,249,316 93,7«0,932| 91,471,221 9»,879,38«
I
t
I
I
I
Cotton
Potr'lm, &c.' 52.280,000
Total.
.
53,293,299
4«,898,812J
48,145,201
49,671.713
1
Thi'.s in these
four staples the
about 18 million dollars.
dollars
48,103,703^
890,800.000 572,915,094 481,189.793 517,804,838 506,596,042 486,627,067
increase
dollars gain.
If
increase over 1889
is
we add on the 7^ million
in animals, then w^e get 25^ million
The
increase in all merchandise exports
was about 30^ million dollars, so that the greater part
In addition, we may
of the amount is accounted for.
quantities, and
whole as well as mention that there was an increase of over 3 million
to the several cereals by themselves, wheat, corn, oats, dollars in " iron and steel, and manufactures of," and
and flour all showing gains over the twelve months pre- also a very considerable increase in the exports of sugar
to the
to
breadstuffs
movement
as a
Total breadstuffs exports for 1890 may be
stated at about $141,600,000 (counting in this a few
and molasses, which had been a declining item for
some years.
minor items not incorporated in the preliminary statements furnished by the Bureau of Statistics), and this
compares with $129,665,167 for 1889 and with $116,662,663 for 1888. But while this shows improvement
during the last two years, we have only to go back to
HEXCHANDISE EXPOBTS AND IXPOBTg.
ceding.
the 161 millions total for 1887 or the 151 millions total
It 1886 to see that the 1890 values are by no means
JBa:por(«.
Trait.
1874".
569,873,098
582,156,334
1875'.,
510,817,42«
1879'.,
690.661,929
1878'.;
620,302,412
737.082,073
503,152,939
427,317.165
480,248,300
431,812,183
18TJV.
1879,..
765,159,825
51S,a02,7!)6
tsso...
889,688,422
898,807,178
will furnish one reason for the difference, and still
another reason is found in the much larger wheat ex-
1881...
833,549,127
ports in the earlier years.
In the provisions shipments the
1884..
The low
prices
which ruled part
1883..
1886..
in the last
1888..
half of the year, but rather a further increase, the
closing month, December, making a strikingly good
1689..
1887..
different.
Here there was no falling
off
1890..
•
970,209,440
7(17,981,916
752,813,507
795,209,316
749,360,428
687,066,216
888,249,798
713,104,021
715,301,041
691,781,050
827,109,347
857,923,677
1885..
been
case has
Total Foreign
t
of the year
large.
Exeett.
Imports.
629,261,860
687,868,873
893,42«,189
708,818,478
725,411,371
770,521,995
823,318,782
Exp. 7,,710,794
Exp. 7,894,486
Exp.ies ,3U>,4ft4
1,132,029.48S
Exfi. 140,,056,112
Exp.305,,279,590
1,100,548,712
Erp.251 ,537,029
Exp. 193 ,876,246
Exp. 193 ,339,887
Exp. 15, 138,439
1.278.788,821
1,688,490,698
lOS ,143,100
Exp. 120 ,104,868
E.i;;r.
1,014,030,368
1,018.013.T«4
1,168,904,866
1,503,768,567
1,6.'0,826,46S
I,4S2,275,6S8
1,878,928,288
1,878,118,171
Exp. 100.,381,125
Exp. 49 974,833
l,S78,8S3,8tO
» ,182.386
1.124,119,682
Imp. 83,,850,321
Exp. S9,,684.882
Exp. 34 301.896
1,417,172,431
Ejn>.
1.697.988.318
l.aS0.l>4g.469
Specie TKloe.
comparison with the corresponding period of the year
As regards the imports, the enactment of the new
preceding.
The export values for 1890 aggregate tariff law and the preceding agitation of the question,
about $142,700,000, against $123,307,283 in 1889 and which had extended over several months, may in part
but $91,249,316 in 1888. The total is decidedly the explain the further increase in 1890, but as a matter of
largest of any recent year, and probably not far from fact the totals continued in excess of those for other
the largest ever reached.
In the figures given the years even after the new law went into effect in Noshipments of dairy products are included, but not the vember and l»ecember, for instance. Moreover, the
shipments of live stock (cattle, hogs, &c.) In these imports have been steadily rising year by year ever
—
was an increase of about 7^- million dollars
twelve months of 1890 as compared with the
latter there
in
the
twelve months of 1889, and this should be added to the
19J millions increase in provisions and dairy products
to get the total increase in meats, provisions, Ac.
when the total w:as only $587,868,673,
$823,318,782 in 1890. If we look at the
detailed statement (which has as yet been furnished
only for the eleven months to November 30), in order
to see what items are chiefly responsible for the augsince
1885,
against
TOE CHRONICLE.
18S
I
Ln
Vol.
mentation, we find quite a number both among the ar- 4,381,000 bales, which compared with the previon the free list and those which are dutiable. ous year records a gain of 260,000 bales. The surplus
Among the former there are coffee, chemicals, fruits, stocks at the mills at the close of the year were 111,000
hides, rubber and tea, and among the dutiable articles bales, of 400 lbs., greater than at the end of 1889, and
ticles
there are also chemicals and fruits, besides woolen,
flax,
the visible supply shows an
augmentation of about
To bring out clearly
the relation the figures for 1890 bear to those for earlier
wood, cement, wines, tin plates, &c.
It will be observed that the excess of merchandise years, we have prepared the following, which embraces
exports over merchandise imports in 1890 was only 34^ the period from 1884 up to the present time.
and cotton manufactures,
leather, silk, jewelry, tobacco,
200,000 bales of ordinary weights.
million dollars, against 56^ million dollars in 1889.
And
yet in face of this smaller merchandise balance in
Bales of
Spin'rs'
400 Lbs.
Stock
our favor we exported only 13,829,557 gold net in
1890, against $38,928,828 net in 1889, and exported Gt. Britain
also only $3,999,322
silver
net against ;;$21,474,968.
In other words, taking merchandise, 'gold and
silver
together the excess of exports over imports for the
twelve months of 1890 is only $42,133,774, against
$116,988,178 for the twelve months of 1889, a difference
against 1890 of nearly 75 million dollars.
Forty-four
and a halt million
dollars of this difference occurred
The sum owing by us to the
outside world for interest, ocean freights, travelers'
in the last six months.
credits,
etc.,
is
generally estimated as at least 120
million dollars a year, and in addition Europe
is
sup-
Jan.
1890
1889
1888
1887
1886
1885
1884
Supply.
Takings.
Dec. 31.
sumpVil
193,000
99,000
290,000
190,000
136,000
247,000
145,000
4,152 000 4,315,000 4,141,000 204,000
3,919 000 4,018,000 j3,825,000 193.000
3,631 000 '3,921,000
99,000
J3,822,000|
3,817,,000 4,007,000 3,717,000 290,000
3,736, 000 3,872,000 3,682,00o|l90,000
3,236, 000 3,483,000 3,347,000136,000
3,768, 000 3,913,000 3,606,000247,000
79,634
73,558
73,500
71,481
70,800
64,365
70,500
179,000
147,000
473,000
88,000
251 ,000
308,000
368,000
4,481,000
4,153,000
3,522,000
4,077,000
3,341,000
3,237,000
3,281,000
1.
Continent,
18S0
1889
1888
1887
18S6
1885
1884
4,660, 000
4,300, 000
1834
and other forms of property.
The matter
serves to call
pendency upon, and
attention again to our deinter-connection with, the rest of
,
,331,000 279,000
,121.000 179,000
,848.000 147,000
,692,000 473,000
504,000: 88.000
3,995, 000
4,165, 000
3,592, 000
3,545, 000
3, ,291,000|
3,619, 000
3, ,341,000
posed to have returned large amounts of our securities All Earope,
372,000 8,633,000
1890
during the late year. As only 42 million dollars of the 1889
246,00018,072,000
763,000,7,153,000
amount was paid in merchandise, gold and silver, 1888
1887
278,000,7,894,000
evidently the debt has been settled in some other way,
1886
387,000 7,077,000
probably through further investments in industrial 1885
555,000:6,473,000
enterprises
Spin^rs* Weekly
OonConsumption. Slock
9,005.000
3,318,000
7,916,000
8,172,000
7,464,000
7,028,000
513,000'7.049,000 7,562,000
84,250
79,250
74,000
71,000
67,385
62,743
64,250
251,000
308,000
8,522,000 483,000 163,884
7,946,000 372,000|l52,808
7,670,000'246,000jl47,500
7,409,000 1763 ,000 142,481
7,186,000 278,000 138,185
6,641,000 387,000 127,1 08
7,007,000 555,000ll34.750
1
Although the above comparison can be carried back
for a
much
greater
number
of years, lack of space pre-
In passing, however, we would state that in
the world in a financial and industrial sense, and also
emphasizes anew the need for doing nothing to impair the past decade the consumption in Great Britain has
confidence in the security of values by acts tending to been augmented only about 20f per cent, but that on
change or discredit the unit of values. Who can meas- the Continent the increase during the like period has
been orer 57 per cent in other words, the difference
ure the extent of the calamity that would befall
vents
us
it.
;
if,
through fears aroused by silver legislation, Europe in favor of Great Britain ten years ago was 652,000
should undertake not only to sell the American securi- bales, whereas now the Continent leads by 240,000
she holds, but should also endeavor to realize on bales.
The year's business on the whole has been very satisher other property interests here ?
factory, and this is particularly true in the spinning
ties
COTTON SUPPLY AND CONSUMPTION 'IN department. Our cable states that 90 mills in the Oldham district exhibit a profit for 1890 of £376,041, or
EUROPE.
£4,178 per mile, against £220,587 by 86 mills in 1889,
Following our usual custom, we have obtained by
or £2,565 per mill.
Furthermore, at no time in the past
cable to-day (Friday) all the results of interest conseven years has spinning been so profitable as in 1890,
tained in Mr. Ellison's "Annual Review of the Cotton
as the following clearly shows.
Trade for the Year 1890." The circular was issued in 1890.. 90 Conpanies.
Proflf,
£376.041
Per mill,
£4,178
"
"
220,587
2,565
Liverpool on Thursday, and besides covering the statis- 1889.. 86
"
"
'
1888.. 85
250,933
2,952
"
1887.. 83
"
tics of supply and consumption for the
85,bl0
975
calendar year
"
"
•'
•'
and the
1886
first
quarter of the
new crop
season, gives very
complete estimates of imports, consumption, &c.,
for
the period from January 1 to September
30, 1891.
The
actual results for 1890 in bales of 400
are as
lbs.
follows.
BPmyERS' TAKINGS, COX8UMPTION AND STOCKS IN 1890.
In 400
lb.
Baltt.
Britain
Continent.
Total.
Takings
193,000
4,152,000
179,000
4,481,000
372,000
•nppiy
Consnmpiiou
4,345,000
4,141,000
4,600,000
4,381,000
9,005,000
204,000
279,000
483,000
79,634
84.250
163384
Btocks Janaaiy
BtOfks January
l,
1,
isao
igsi
Weekly con«iimptlnn
The
Gl.
90
LCBo,
"
"
1885.. 87
1881.. 60
"
Pi-oflt,
The takings by spinners for the three
season since October 1 are as follows
2,083
months
of the
:
October 1
to
January
1.
Qreal Britain.
Continent,
Total.
For 1890.
Takings by spinners. .bales
Average weight of balee.lbs
Takings in poands
.
Takings by spinners. .bales
Arerage weight of bales.lbs.
Takings In pounds
Britain has been 4.141,000 bales of the
average weight
of 400 lbs., and that the increase over
1889 is 316,000
deliveries in
the Continent
"
12:.,000
8,633,000
figures
On
685
31
"
The exports of yarns and goods from Great Britain
were heavier in 1890 than in the preceding year, and
in fact exceeded the results for former years.
The
details by months and quarters for 1890 and 1889 were
given in tlie Chkonicle of January 24, page 176.
show that there has been a considerable
expansion cotton manufacture during the
year. It
will be noticed that the total
consumption of Great
bales.
61,718
2,730
the consumption has been
1,016.000
1,051,000
480
473
487,680,000
497,123,000
2,067,000
476-4
984.803,000
889,0C0
1,832,000
For 1889.
.
943,000
473
449,266,000
467
471
415,265,000
864,531.000
According to the above, the average weight of the
Europe is 476-4 pounds per bale to January
1 this season, against
471 pounds during the same time
.
JijruART
.
THE CHRONICLR
81, 1891.J
a year ago.
Our
ilisj)atch also
gives the fall
169
movement
Tmportt.
Xihmated
for this and last year in bales of 400 pounds each.
uear
1800-91.
American
0.300,000
1,560,000
Eaat Indian
610,000
KgTptUai.
30,000
Bmyrna^o
200,000
Brasil, W. L, Ao. .
Oel. 1 to
Jan.
I.
1889.
.
.lOO lb: each,
Oreat
Conti-
BrUain.
nent.
Splnnora' atork Ootl.
TaUnga In Ootuber. .
76,
321,
205,
Total Bupply
Couauuip. Oct., i wka.
397,
336,
373,
348,
1
Taking In November.
000« omitted.
Bplnoera' atook Not.
Total supply
Oonsnmp. Nov., 4 wks.
Spinners' stock Dec. 1
Tkklngs
In Deoeiul>er.
Total supply
Oonguinp. Deo., 5
irks.
Bptonera' stock Jan.
1
Ortat
Britain.
Continent.
344,
526,
66,
383,
181,
180,
236,
463,
770,
684,
338,
292,
861.
320,
6!>9,
61,
25,
86,
46,
87.
389,
379.
768,
398,
41,
340,
738,
450,
336,
404,
348,
854,
694,
444,
308,
381.
320,
825
628
114.
510,
56,
653,
170,
1,168,
136,
442,
61,
518,
197,
960,
624,
420,
TuT
1,338,
853,
578,
383,
570,
400,
1.157,
435,
204.
279.
483.
193.
179.
372.
The comparison with
Total.
168,
last
year
is
made more
roioi.
612
to
2,300,000
140,000
216,000
Aetuat
Jan. 1 to
Jan. 1 to
Oct. I, '01.
Get.
3,000,000
1,420,000
1
'00,
2,06e,0()O
1
,763,000
206,000
3 .000
300,000
230,000
4,046,000
6,827,000
1,603 000
483,000
4,800,000
5,430.000
1.466,000
372,000
Total In balPH 400 lbs
Consumption, 39 weeks (171,000 per week)
7,713,000
6,660.000
7,258.000
Stock at ports and mills, Sept, 30, 180 1
1,014,000
244,000
959,000
236,000
800,000
780,000
723,000
709.000
.
5«<M of
1
TJm. 31,'00.
.
1890.
Tobert^d
Aetual
Oct.
7,600,000
Total
In hales of '400 Urn.
2,655,000
Stock In Kiiropo^ii prrts, bales 400
Stock at uillls, bales 400 lbs
lbs,
Ot wliicliattbe mills
Leaving at the ports, bales of 400
lbs.
In actual bales
2.'>,0O0
200,000
6,',<eO,000
estimate makes the combined atocks at
and mills on September 30 heavier than in any
year since 1887, when the total was 847,000 bales.
The above
ports
785,
striking
by bringing together the above totals and adding the
average weekly consumption up to this time.
NEW ASPECT OF THE HOME RULE
A
QUESTION.
can hardly be said that the question of Home Kule
has latterly taken a shape to justify what
might be called ardent hopes of an early solution. It
has not, however, ceased to be interesting, and it cerIt
for Ireland
OeL 1 to Jan. 1.
BtUe* of 400 Ibt. eaeh.
OOOt omitted.
1890.
Oreat
Britain
Conti-
1889.
Total.
nent.
etreal
Conti-
Britain
nent.
55,
1,123,
181.
236,
51.038.
2,161,
Total.
tainly
Spinners' stock Oct. 1
Xaklngs to Dec. 1
76,
1.220,
1,296,
Oonaomptl'D 13 weeks 1,092,
Spinners' stock Jan. 1
204.
16)9.
244,
1.242,
2,462,
1.410,
1,131,
2,706,
2,223,
1,178,
985,
1,219,
1,040.
2,397,
2,023,
279,
4S3,
193.
179,
372,
Weekl]/ Oonrumption,
00* omitted.
In October
In November
In December
* Averaj?e as given by
on account of stoppage
is
84,0
87,0
171,0
•re.o
80,0
84,0
87,0
171,0
77,0
80,0
84,0
87,0
171,0
77.0
80,0
Mr. Kllison; dedaotloa mad;>froui montn's
156,0
157,0
157,0
total
of spindles.
The foregoing shows that the weekly consumption
now 171,000 bales, of 400 pounds each, against 157,-
000 bales of like weights at the corresponding time last
The total spinners' stocks in Great Britain and
on the Continent have increased 313,000 bales during
year.
the month and are now 111,000 bales in excess of the
same date last season.
In making up his estimates of supply and consumption (which we have received by cable in detail) Mr.
Ellison bases his figures on an American crop of 8,000,000 bales. For the United States and Canada he allows
2,700,000 bales, or about 300,000 bales more than the
consumption of 1889-90, leaving available for shipment
to Europe 5,300,000 bales.
From East India 1,560,-
000 bales are expected, and the probable import from
Egypt
is placed at 510,000 bales.
The other Mediterranean supplies, it is believed, will reach 30,000 bales,
and the imports from Brazil, the West Indies, &c., are
estiYnated at 300,000 bales.
Reduced to pounds the
foregoing estimates are as follows:
mroRTg INTO EUBOPB 1890-91.
Balen.
American
East Indian
Egyp
Ian
Smyrna, Ac
Brazil, West
479
3fl6
510,000
695
350
205
3C,(iO0
Indies,
4o
Total
Bales of 400 lbs
Lb'.
5,300,000
I,.'i60,000
200,000
7,600,000
458%
---
Pounifs
2,338,700,000
617,760,000
3.'54.450.000
10,500.000
41,000,000
3,562,410,000
8,906,000
These estimates of imports are for the full season
1890-91. As the first three months of the season have
passed, the actual imports for that period are obtainable,
and by deducting them from the above the probable
supply of new cotton for the remainder of the season
is arrived at.
This Mr. Ellison has done, and the question of supply and demand for the nine months
of the
year (January 1 to October 1) is elucidated in the subjoined statement, comparison being made with the
actual results for 1890.
commands
Towards the
quite as
much attention as
ever
it
did.
close of the last session of Parliament
the situation, looked at from a Home Rule standpoint,
and from the point of view of Mr. Gladstone and his
English and Scottish followers, did not seem discouraging.
The Government had still a strong and controlling majority in the House of Commons.
But the
by-elections had for some time been gradually strengthening the minority and giving evidence, or what
seemed evidence, that the general popular sentiment
was less opposed to the Home Rule experiment than it
had been. A general election was looked forward to
as almost a certainty in the near future, and the Gladstonians and the Parnellites professed to believe that a
general election would give them unitedly the control
of the House of Commons, with
a clear working
majority.
Whether these calculations were
just,
these expectations were well-founded,
and how
may
far
safely be
regarded as open questions.
An opportunity was
wanted to apply the proper tests but the opportunity
was not granted. The Parnell scandal, of which per
se we have no desire to say anything, and the political
complications and difficulties to which it immediately
led, including the attitude assumed by Mr. Gladstone
toward the Irish leader, and the split in the ranks of
the Irish Home Rulers, put an entirely new aspect on
the situation. The immediate result had all the appearance of disastrous defeat to the British Liberals and
the Irish Nationalists, and of complete, though somewhat unexpected, victory to the Tories and Liberal
Unionists.
Mr. Parnell, such was the general feeling,
had by his own hand destroyed the structure which he
had reared at so much cost of time, labor and self;
sacrifice.
This feeling remains; although
it is
somewhat
qualified.
after the language
it
must be admitted
to see how,
which Parnell has used, Mr. GladIt
is
difficult
stone and he can ever be reconciled.
It is
equally
diffi-
understand how Gladstonian Liberals can ever
forget the wrong which has been done their chief j and
it may be some time before it will be possible for
English and Scottish Liberals to manifest much enthucult to
siasm in the cause of Ireland.
All this admitted,
same time undeniable that the prospect
continuance of the Home Rule agitation
at the
for
is
it is
the
more
THE
190
promising than
of the present
commencement
has been since the
it
CHUOJNiCl^ii.
crisis.
circumstances
cess ?
It
is
—
there any reasonable hope of suc-
is
now some
is
Home
Eule." It is
Mr. Gladstone introduced his
nearly six years since
famous
ten years since we
eight or
became familiar with the words "
During the
with such disastrous results.
has almost exclusively occupied
bill,
interval the question
—
House of Commons so
engaged the attention of that House as to block the
wheels of Government. The Irish question has made
no progress; and legislation on any other subject or in
any other direction has been rendered all but impossible.
Is there any likelihood that if legislation for Ireland is
resumed it will be attended with any greater success
or any happier results ? In answering this question,
one has to look at the subject from many different
points of view.
It is, we think, to be taken for granted
This
that the demand for Home Rule is not dead.
Lord Hartington the other day very frankly and fully
the attention of the
Even
admitted.
British
attend Mr.
defeat should
if
stone's efforts to the last, the question will
and the agitation
will
be headed by others.
taken for granted that the agitation of
It is also to be
this Irish question, until
much
future, quite as
it is
British
settled, will
prove in the
as it has in the past, a hindrance
Parliamentary business.
"to
Glad-
be revived
Is
it
impossible that a
begin to harmonize with an
necessity should
demand ? It is notorious that business has
already to a large extent been brought to a stand-
Irish
the
in
still
Mr.
of
the
was
not
terly
It
Parliament.
British
when
Gladstone
in
things
of
state
only
power
that
the
Some years ago
complained bitwhich
prevailed.
affairs
of
the
Empire were neglected for the sake of Irewas that Irish members in order to advance Ireland
rest of the
land
—
their
it
own schemes made
tion.
It
a special business of obstruc-
was to lessen the
tactics that the
evils of these obstructive
Prime Minister introduced and passed
the famous Closure
bill.
The
evils,
however,
are
at, it will
be seen that the settlement of
Home
Rule question would be a gain to the British
Parliament and generally to the whole British Empire.
It is to be borne in mind, however, that whatever concessions may be m ade will be qualified by such restrictions as shall prevent even the appearance of lending
any encouragement to the disintegration of the empire,
and as shall make it impossible for the Catholic
majority of the South and West to tyrannize over the
Protestant North. It was the absence of such restrictions
as these which proved the ruin of Mr. Gladstone's measure
and of Mr. Gladstone's government in 1885. It is reasonable to conclude that he has modified his measure in the
interval, but to what extent and in what direction beyond
He has
one or two points of detail we know not.
kept his plans a secret for the avowed reason that the
men now in power might take advantage of them,
and not only anticipate his action but rob him of his
rights.
Mr. Chamberlain heads his article in the December number of the Nineteenth Century by the question, " Shall we Americanize Our Institutions?"
The
question has a much broader range of application than
It would have been in his line to
the writer gives it.
refer to our State governments and legislatures and
their relation to the Federal power at Washington,
but he confines himself solely to a comparison of parliamentary methods.
This is the more wonderful that
the adoption of our State system would contribute
at once and directly to the relief of which he is in
quest, and even the more so that federation is now,
and has for some years been, a live topic in the British
Already, indeed, a step has Deen made in the
Isles.
American direction by the establishment of county
councils.
But what is wanted is parliamentary
divisions with parliamentary institutions and powers.
Why then not Americanize Great Britain and
the
question which naturally presents itself in the
The
Thus looked
[Vol. lit.
of
making
to the extent of
several subdivisions
the island, and granting to these sub-divisions local
This would be in harmony with a large
popular sentiment. It is not only Ireland
parliaments.
amount
of
that calls for
Home
Rule.
The demand comes from
numerous. In recent numbers of the
Nineteenth Century Review both Mr. Chamberlain and
Mr. Jennings complain of the congested business of the
House of Commons and of the obstructive methods
which are so often resorted to methods which add
Scotland and from Wales as well.
greatly to the difficulties of legislation.
necessary for Ireland in consequence of the preponder-
still
sufficiently
in the world
is
—
No parliament
so laden with work — work, much of
it,
of a very peculiar kind.
The Empire
large
and peculiarly constituted.
pleased
into
case
"
legislation at all."
During last session such
legislation
as was found possible was possible only through
the
forbearance of the opposition.
In such a state
of
things
it is
sity of
England may
certainly not
inconceivable that the necesbecome Ireland's opportunity, and
that, tired of a resistance
which is as unprofitable as it
seems to be endless, the British Government and people
may yield and make concessions to Ireland in the
direction of
Home
should yield,
delay ?
Nay, is it not desirable they
and make some concessions without further
Rule.
revival
Scotland might be
of her old
Parliament in
It
ance of the Catholic element. Ulster would form one
division; and the remainder of Ireland could be divided
On
The work is enormous ; but when obstruction comes in
the way, as Mr. Chamberlain puts it, "a condition of
" things is reached in which it is possible for any mi nority
"absolutely to prevent the majority from passing any
the
would meet all wants. A double or
triple division might be made of England, care being
taken to satisfy the Welsh. A triple division would be
Edinburgh.
Parliament devolves the duty of caring not only for
Great Britain and Ireland, but India, and the numerous other dependencies and colonies which are scattered
over every sea, over every continent and in every clime.
is
with
two parts. Ireland would thus have three Parliaments, Scotland one, and England two or three as the
might be. Of course the Imperial Parliament would
remain as it is, probably with fewer members, and
would exercise general control very much as our Congress
One question would then be removed out of the
does.
disturbed arena of politics.
This difficulty out of the
way. Parliamentary business would be less congested.
Legislators would have leisure, and legislation would
become at once more intelligent and more efficient.
There are some who profess to be in possession of
Mr. Gladstone's secret. According to such Mr. Gladstone's new scheme is broader and much more comprehensive than his old. AVe have not heard, however,
that he has rhade up his mind to subdivide Ireland.
It is long ago since Lord Beaconsfield conceived the
idea of subdivision
and it is not improbable that if
Mr. Gladstone fails to see the advantage which is thus
offered. Lord Beaconfield's successor may find his
opportunity of outdoing ra licalism at its own work.
;
.
I
January
:
,
IHE CHRONICLR
31, isui.j
IMPORTS AND EXPORTS FOR DECEMBER.
191
^ews
P^O(uet»VQ:<i>I^Qmmeik;ctnlSti0lt0lx
^ ^^^^^t^^s^^^r^
m
The Bureau of
has issued
Statistics
its
^
{Proin onr OMTO oorrespoudent.)
detailed statement of
London, Saturday, January 17. 1891,
The value of monpy lias fallen vory sliarply in London thi»
December, 1800 and 1889, and for tlie six and twelve months wcelc. Indeed tlierc was some
expectation that the directors
ending DecemlMr 81, 1800 and 1880, as follows
of the Bank of England would on 'Tburadny lower their rate
HKRCHANDIRX.
of discount. But they have not done so, although their
reserve now exceeds 16?4 millions sterling, and the coin and
For/** 6
For the 12
Fw the
numlh of Months tndtd' Months eniie^ tiullion exceeds 2,5 millions sterling. In the outside market
nee. 31.
Dtetmber.
Dee. 31.
the joint-stock and private banka have at times found it diffi*97,41U,015 t459,62.3.773 «?45,987.711 cult to lend from day to day, even at one percent. The rate of
1890.— Exports- Domeiitlo
the foreign
commerce
of
tlie
country for the montli of
11,63-, <)06
^,593,7l5
1,029,94S
$98,439,860 $465,217,4*8 $857.»i2H.(r7
Imports
«0,7 14,344 412,191,230 823,318.782
Exoeu of exports over imports ^7,72ft,&16 $53,026,298 $34,301,895
Excess of Imparts orer exports
Foreign
Total
1889.—Exports- Domes tlo
$95,791,464 $458,929,890 $814,151,864
6,492,605
1,109,876
12,95M"JJ
Total
$96,901,340 $465,422,495 $827,10(i,3l7
Imports
S9,898,414 378,182,857 770,52 l.OtiS
Exocn of exports over imports $37,002,926 $87,239,638 $56,584,382
IteMMOf Imports over exports
Foreign
OOLO AND SILVBH—COIN AND BULLION.
1880.—£xporta—tiold— Uom...
«617,400 $15,531,661
Foreign
Total
BUver^Dom
<
Foreign.
Total
Total exports
Imports— Sold
llTer
$20,654,928
370,557
3.408.114
$15,902,218 $24,063,012
$8,060,038 $16,09^,'. 57
4,633,022
10.201. 2:0
$12,693,060 $26,2y<J,307
$28,595,278 $50,362,349
$14,932,698 $20,233.4^5
11,622,269
22,299,985
$26,554,967 $42,533,470
$2,040,311
$7,828,879
14.954
$632,354
$1,163,171
1,6-2.267
$2,835,438
$3,467,792
$6,033,013
1,882,859
$7,915,872
di.3count also has fallen to not
much
better than IJg per cent,
and the probability is that next week it will be even lower,
for the amount of unemployed money in London at present is
larger than it has been for a very long time past. The other
Bank of England, in which are included the
bankers' balances, are almost 34 millions sterling, fully ten or
eleven millions sterling aliove the average in ordinary timest
Moreover, coin and notes are flowing back from the circula*
deposits at the
tion in large amounts, very nearly a million sterling having
returned during the week ended Wednesday evening. The
reflux will continue till about the middle of March.
On the other hand, shipments of gold to Holland and Brazil
have been going on during the week, and yesterday there was
a shipment of £80,000 to Berlin. There is a demand springing
up for Spain, and the withdrawals from the Bank of England
for Berlin are likely to be large. Furthermore, the debt from
England to the Bank of France, three millions
due on the 10th of next month. At the same
time the Imperial Bank of Russia can take gold to the
amount of 1}^ millions sterling, if it pleases. The likelihood
1889.- Exports— Gold-Dom.
$283,608
$8,280,365
seems to be, therefore, that large amounts of gold will be
Foreign
29.317
333,302
Total
S3 12,926
$9,113,667
shipped from this country within the next month or two.
SllTer^Dom... $2,920,379 $14,340,538
Within a few weeks now the collection of the revenue ought
901,499
Foreign
6,911,984
Total
$3,821,378 $21,252,522 $40,694,230 to give the Bank of England control over the outside market.
Total exports
$4,134,798 $30,366,189 $91,627,690 But as the Bank is paying the bills of Messrs. Baring Bros.
Imports- Gold
$1,304,850
$7,639,555 $12,004,632 as they fall due, what it pays out on account of those bill*
1,5=^6.S12
10.2 '0.510
BUver
19,21;>,26J
largely counterbalance what it receives on account of the
Total
$2,861,663 $17,930,065 $31,223,89i may
Excess of exports over imports $1,273,130 $12,436,124 $60,403,796 Government.
Excess of imports overexports
There is a good deal of uncertainty in the silver market
here. The general impression is that some kind of bill will be
TOTAL MEKCHAMDISB AND COIN AND BULLION.
1890.— Exports— Uomeetlo
$99,190,586 $483,215,472, $382,740,696 passed by Congress, yet English operators are not disposed to
Foreign
2,717.066
10.597,2 94 _2^245,330 speculate largely until they see what the House of RepresentaTotal
Excess of exports over imports
Excess of imports over exports $4,448,080
Total
$101!'07ti.i2 $493,812,766!$907.9 - 6.6'26
Imports
£zccss
Excess
68,630,216
over imports $33,277,436
of imports over exports
438,746,197
$55,066,569
of exports
865,852.252
$42,133,774
1889.— Exporu— Domestic
$98,995,446 $481,550,793 $888,650,040
2.040.692
14,237,891
3 2,083 .997
$101036138 $41*5,783,634 $918,734,0^7
Imports
,
62,760.C82| 396,112,022 801,745,859
Excess of exports over imports $38,276,056 $a9,675,762 $116,988,178
Excess of imports over exports
Foreign
Total
i
UIPORTS AND BZPORTS BT PRINCIPAL CUSTOMS DISTRICTS.
Imports.
OCrSTOSlS DIS-
TRICTS AND
FOBT8.
DECIEMIIEU, 1890.
December
Importi.
I
1.442,673
leat*wn,Mii88
BuffalotIi..N.V
4.lfle«.404'
:!<ii.r)'.i«
Champl'n..W
IZMIB!
Chicago. 11 1....
1.0V3.7!i3
Dulnth.Mlnn.
Galveat'n.Tex;
Mllw'kee.Wls.
MlnDB'a.Mlnnl
Mobile, Ala...
New
Orl'ns.La'
Newyork.N.V
Niagara. N.V..
Norf'k.ie..Va.
Oregon, Oreg..
Osweiia'le.N.Y
OaweKO. N.Y..
Phlladera. Pa.
Portld.&c.Me.
Bt. L0UIS.M0.*
Ban DieKo.Cal.
flan Fran., fal.
Bavannah. tia.
Vermont. VI..
Wlllamette.Or
Wllmlg-n. N.C
Totals,
cIndlnR
oth'r
107..'>70!
1U«.&4<I
H74'
"0.:U4i
lllt).H»
31.
18 mfmrivi ewH't.^
December
2\.
1889.
t
037.308
t
$
4
13.339.312
16,409.234
72.174,330
S.lW.TOtj 86,058.050
65.461.773
6.113.234
3.703,410
663.700
13.098.388
2.325,198
72.489.107' 7C.83S.873
575.585,
410.751
l.H47.«-.i2
l.iSH.lmi
16,204 .751 16.3o5.U33
2.820,440
1,941,7371
r.
in»..t2ni
230.730
Charleat'n, 8.C
Clnolnnall. O.*
Petroit. Micb.
BxporU.
t
Balttmore.Md.
Best. a. Char.
KXPOUTS.
12 month* ending
S.744.W9
3.7Ha,8(l2
836.626
15.006.112
2.267.236
3l>e,3£l
».81S.S0O
400'
45.S52
4,4S5.63X|
178.267
872.74»
S.'sio
1.300.755
001,07"
117.571
2,412,0071
3,0 12.5 -14
:«,620
609.686
721.259
1.098.712
86.294
5.422.983
1.782.853
27.930.00 i
10.4.S1
1.73:J.240
n'j,09l.8i9
7.227.085
1.5IIP.201
a3.83«.075
100.192
1.417.485
M..Ha4'
3,918.-.i«6
3.671.646
i.aw.wu 10,S17.3»-N 15.P33,fl34 14.742.374 104.183.327 101.Sas.3."o
3».7«S.7aH 34.12G.5Sil 540.330.212 494.816.556 347.H47.:«14 3l5,8f>«.2l2
2t)l.U8e,
+JJJOS
3.940.156
t8?,M77
4.191.309
+48.993
9.H01 9.168.1(81
95.0X2
182.186 16,(190.994 12.H02.an
1.141
116.314
13).«02
296.202
1.608,401
757.389
1SV.847
»«.40»
1.789. UQ
1.728.430
2,108.0.37
1.994.250
ss.ssol
2.087
S.7I6.924
3.959,53'.
l.B26.70.'»
1,814.378
«,2vs.«se 23Sie.8<K 6a.QS7.0ll S0.996.80j S6.661.667 31.4H8.258
74.2<'5|
21t),7&k
enl.787
787.614
3,533,859
2,288.533
40S.J75
3.590.792
8.371.495
67.«(i*l
72. Via
489.964
453.316
316.410
3,4»0.05a! S.7M.780 45.5U4.125 51.287.306 3S.8IU.2S6 3S.29u.n90
78.«a7 (),HM.I4U
405.817
488.38« 30.«47,.328 27,604,404
314.7(12
2S1.582
e.087.0W0
6.914.168
1.925.131
2.701.041
4H.5KJ,
521.4.S7
1.U48.891
3.408.H7H
3.63:f.847
1.086.082
5Ul,20ll
ise.080
106.734
6.319.218
8.0U.193
(Inall
l>l«tii. )'e0.714.844l<8.439.8B0
888.118.782 770.521.966'8S7.ea3.677 SS7.10S.817
RemainlnKln warehouse December 31, 1889
$32,326,6.53
uemalninK In warehouse December 31, 1890
39,183,410
• Interior ports to
wliloh merohaadlse can be transported without
appraisement, under act of June 10, 1880.
Incomplate lu the aoseaoe of law pruvidlne the means of ooUeotlnn
.V,
.,*",*" "J «^?'""'» t" adiacent foreign territory by raiiroa<i cars
iv,1i"
and
other land vehicles.
the
Bank
of
sterling, falls
It is reported, however, that American operhave been buying a good deal this week, and they are
also credited with large purchases of rupee paper and other
silver securities.
At all events there is no question that the
speculation in rupee paper is large, and that this week it has
been very active. There has likewise been a demand for
silver for Spain.
At one time on Thursday, therefore, the
price rose to 48^d. per ounce. But at the close it was no
better than 483'2d. per ounce, at which it had stood for
two or three days. Yesterday it fell to 48d. per ounce.
There has been more activity this week in the market for
American railroad securities than there has been for a long
time past. Operators here have been more inclined to buy,
and the shaqj rise in New York has led to a very general expectation that a material recovery is beginning. The general
public as yet is not doing much. It is, however, taking part
in the movement more freely than it has done for months.
At the fortnightly settlement, which began on Monday and
ended on Wednesday evening. Stock Exchange borrowers
were able to obtain all the loans they wanted at from 3}^ to
U)% per cent less than the Bank
33^ per cent, that is from
rate.
The carrying-over rates, also, within the Stock Exchange were light. On Monday morning the average rate on
American railroad securities was 5 per cent, but a.3 the day
wore on it fell to 4 per cent, and even less. On British railway stocks rates were also very easy. Indeed, some stocks
were so scarce that a rate had to be paid for postponing delivery. On Inter-Bourse stocks rates were also very low.
The
tives will do.
ators
%
general evidence of the settlement is to the effect that the accounts open for the rise in all departments are exceptionally
small. This naturally encouraged operators, and on Monday
more particularly a very buoyant feeling prevailed on the
Stock Exchange. International securities have been well
supported from Paris. The French loan for nearly 35 milliona
sterling was covered 163^ times.
The success leads to the
in Paris that the market will be well supported, and that
investment and speculative business will both be very huge
hope
.
THE CHRONICLE.
192
Preparations are being
there for continuing the conver-
made
sion of Russian bonds.
Edgar Vincent has arrived in Paris from Constantinople,
believed, with the object of taking part in negotiations for
Sir
it is
the conversion of the Turkish loans secured upon the Egyptian
For that purpose the London market will have to
co-operate with Paris, and Sir Edgar is expected almost
immediately in London. Here in London there are also
preparations being made for the conversion of the Egyptian
tribute.
Several colonial loans are also coming out.
for a little over
fl, 100,000. In a day or two a Victorian loan for three
milUons sterling is expected. Canada is about to borrow, so
Domain
loan.
On Thursday the Cape of Good Hope applied
Quebec, and so are some other colonies. But though the
issuing houses believe that we have so far recovered from the
effects of the Baring collapse that they may resume operations,
there is yet much distrust and discredit. Mr. Clark, one of
is
our large railway contractors, who has been engaged in building several Argentine railways, has had to lay a statement of
his affairs before his creditors. His liabilities amount to
£400,000 and his assets are said to be a million. But then
they consist of bonds of unfinished lines which he has been
unable to sell and on which he cannot borrow. Other contractors in the Argentine Republic are believed to be in diflJculties, and there are rumors respecting several houses in the
timber trade as well as in the South American trade.
While the bank dividends, both metropolitan and provincial, are highly satisfactoiy, showing that the past half-year
has been a very profitable one for bankers, the railway dividends yet announced confirm the expectation that the working expenses increased during the half-year more rapidly than
the receipts. Of five dividends that have been announced
three show decreases and only one an increase, the fifth
being at the same rate as twelve- months ago. The decreases
are in
The
some
cases considerable.
rates for
money have been
S
Inttrett allowed
for deposit* by
Trade
Batik mils.
Billa.
Joint
Stock
tf
Thru
S
Wour
Jhne
Six
Four
Six
Months Months Months Months Months Months Banks.
At
7 to 11
Call.
Days.
4H®~ 4«®- 4H®^ 4«@i~ 4^®5 4«@5~
3H 3H-3M
4V«2 - 4>«® — 4J«®- 4W®5 4>i®6 4M®6
8«
3M iH-3}*
" Zi 6 4H®- iWS - 4«® - 4><®5 4MS5 4H®6
an 3W-SJ^
3«
Jan. 2 S
3«® - 8«®- SJi® - 4M®4« 4>i®4« iH(SAii sa
3« 3M-3Ji
4 2«® - 2J<® - 2%®- 3H®4 3Si@4 3M@4
2
Zii
2«-2M
"
161 4
2 ®
3 @4
3 ®4 8 @4
2>i® -^sm>
2
aw
2H-2M
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
Dec. 12 6
"
19 6
have been as follows:
January
16.
Satu
tt
Intvrat at
Bank
Rate.
Pmrta
BarUn
Hamburg
Frankfort.
...
Amsterdam
...
Op«n
iH
8
Uadrid
4
4 nam.
lenna
<«
Copenhagen....
4
2.
3
3
S
3H
3«
3«
*H
BW
6X
SW
4X
4«
3
4
*H
4«
4«
4
4«
and 48^d., but in the afternoon more waa on offer than could be absorbed, despite the news of the passage of the Free Coinage bill by the
United States Senate. Silver closed nominally at 48iad. sellers. Arrivals—From New York, £140,000, Shipments To Bombay, on the
9th, £125,000.
Mexican Dollars— Mexican dollars have again become quiet, and
have moved in sympathy with silver. Arrivals— From New ifork,
£33,000, Shipments-To China and the Straits, jei5,04S.
The quotations
GOU}.
London Standard.
December
26.
4
4?(,
4«
The following return shows the
6M
i
4W
SH
4
Open
Bate. Market
m
i%
8
4 nom.
Bank
3
G
S
6W
5W
4W
SBH
4M
nom.
4
6J4
4«
6«
BW
iii
*<*
position of the
:890.
Jan U.
Other
aocarltles
securities
*««"«
Colnand
bullion
Prop, assets to llabiliUea.perot.
BanJirate
perct.
OoMols
OlMrlns-Honse returns
Messrs. Pixley
Jan.
16.
£
Other depoalta
& Abell
4
Jon.
d.
s.
8.
London Standard. Jan-
d.
d.
Bar
Bar
9
Bar gold, fine
oz.
Bar gold, coutain'g
77 10
77
20 dwts. silver. .01.
Span.doubloonB.oi.
77 11
77 10
silver
oz.
silver,
contala-
16.
B.Am.doubloons.oz
oz.
8.
d.
*»%
Ingegrs. gold..oz.
Cake silver
Mexican dols
Jan.
48«
61 15-16
47
52H
oz-
The following shows the imports of cereal produce into the
United Kingdom during the first nineteen weeks of the season
compared with previous seasons
mPOBTS.
:
1890-91.
cwt. 23,818,623
Wheat
Barley
Oats
Peas
1889-90.
22.297,287
7,656,991
5,436,520
671,404
1,384,228
11.021,468
6,546,902
10,573,841
5,f»58,806
737.455
1,157,094
10,672,310
5,433,497
Beans
Indian corn
Flour
1888-89.
25.142,917
9,325,259
6,805,711
823,302
1,039,695
8,581,271
5,988,357
1887-88.
19,005,100
7,595,462
6,640,563
1,366.420
912,498
8,688.151
7,056,953
Supplies available for consumption (exclusive of stocks
September
on
1):
1890-91.
1889-90.
Importsofwheat.owt.23.8l8.623
5,433,497
Imports of flour
Sales of home-grown 15.242,993
22.297,287
6,546,902
19,882.944
1888-89.
25,142,917
5.988.357
13,666,791
1887-88.
19,005,100
7,056,953
16,272,558
44,495,113
48,727,133
44,798,065
1890-91.
1889-90.
42,334,611
1887-38.
Total
1888-89.
English wheat, per qr.
328. 8d,
305. Id.
30s. 2d.
Average price, week
31s. 4d.
303. Od.
328. 4d.
Average price, season. .32s. 2d.
30s. Id.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Last week.
1,551,000
348,000
This week.
qrs. 1,597,000
Flour, equal to qrs. 369,000
qrs. 374,000
Maize
Wheat
365,000
1890.
1,842,500
1889.
2,204,500
236,000
380,000
218,000
i!9 1,000
EnKllsh Financial niarlceta— Per Cable.
The
daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending Jan. 30:
London,
Consols.new, 2% jier cts.
do for account
Fr'ch rents (in Paris) fr.
U. 8. 4i2S0f 1891
U.S. 48 of 1907
Canadian Pacific
Chic. Mil, &St, Paul....
niinois Central
Lake Shore
Louisville
&
1889,
Jan. 16.
£
Nashville..
Mexican Central 4s
N. Y. Central & Hudson.
N. Y. Lake Erie & West'n
do
2d cons
Northern Pacific, pref,
Pennsylvania
Philadelphia & Reading.
Union Pacific
Wabash, pref
.
Bank of
Jan.
18.
£
6,383.485
5.357.841
6,091,164
26,00t,389
23,107,095
23,826,260
15,766,101
16,225,949
16,339,304
21,863,252
10.713,103
20,192,115
19,285,811
13,173,139
13,049,656
18,666,868
20.818,449
80,675,846
36H
4l«
42«
6
163,67i),000
16i«
45 14
161a
4414
19
19
16%
451a
191a
Fri.
95-55
IO514
1221a
4678
9714
9714
95-50
105 14
1221a
5479
IOI14
llOia
IOII3
llOia
471a
9714
97 14
75%
76 19
75 14
104
2014
101 la
56^8
73 14
75 14
55%
76%
75%
1041a
2014
101%
57 14
5318
161a
7518
5318
161a
44%
45%
I914
191a
©jonxmerclaX aud W^isc&Umuoxxs %cxos
:
4k:
24,71)0.045
4
97 1.19
Ifi^l
451a
I914
Thurs.
National Banks.—The following national banks have
8.754,260
88,948.839
9,682,278
29,631.712
16.799.162
26,016,722
44 6-16
Wed.
Tites.
4758
4751
4758
971,8
97iig
97-1,8
»71i8
971,°
971,8
973,,
97.1J,
95-50 95-57ia 95-62ifl 95'52ia
105 14 IO514
IO514 105"4
I22I3 122I2
1221a 1221a
7714
76%
775b X7558
5438
5314
5558
54
lOHa 101
lOlia
102
IO913 IO9I9 1091a llOia
7773
7758
77%
76%
74I4
74 >4
74%
747e
104
103
IO313
IO414
20I4
19'8
201a
197e
101i« 101
101 14 101 la
5618
56%
560s
57%
71*1
Vila
7314
7Ha
53 >«
5318
5316
53 %
recently been organized
24,146,405
23,816.010
Mon.
Sat.
d 47»u
Silver, per oz
now.
«4,867.660
4
3(Jan.l0)
97 6-16
lOOX
102 11-16
172,748,000
163,183,000
146,644,000
write as follows:
»„9?'''.T^!!"''°'','"'* '^''«° »<""<' Kold
SILVER.
^
s.
4,607— The First National Bank of La Junta, Col. Capital, $50,000.
T. M. Dickey, President E. Phillips, Cashier.
4,508—The National Union Bank of Oshkosh, Wis. Capital, ¥200,000.
;
Daniel L. Llbbey, President
:
1891.
AoTemment
•''<"•
Z«
3
England, the Bank rate of discount, the price
of consols, &o
compared with the last three years
<'>«'"»"on
Poblledepoalts
for bullion are reported as follows:
Norfolk & Western, pref.
8
6«
Broaflels
Petenbnn;.
Janiuirv
Bank
3XS
SH
4M
2«
4H
Jamiary 9.
Open Bunk Open
Market Bate. Market Rate. Marktl
m
3
4
4
4
[Vol. LII.
as follows:
Open j«ark«t BaUt.
2
8t.
—
.
during the week and an Innni^o.
;
Morris .Tones, Cashier.
4,509—The First NaUonal Bank of Lake Benton, Minn. Capital, $50,
000.
President John S. Tucker, Cashier.
4,510—The Northwestern National Bank of Sioux City, la. Capital,
$100,000. Fred. T. Evans, President Edwin M. Donaldson,
;
,
;
Cashier.
4,511— The First National
W.
Bank
Field, President
;
W.
of Odebolt, la. Capital, $50,000.
F. Bay. Cashier.
W.
Imports and Exports for the Week.— The imports of
week, comfiared with those of the preceding week,
show a decrease in both dry goods and general merchandise.
The total imports were 110,088,862, against $13,116,840
the preceding week and $9,808,004 two weeks previous. The
exports for the week ended Jan. 27 amounted to $6,04.'?,744,
against $6,814,640 last week and $6,643,483 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) Jan. 22 and for the week ending (for
last
general merchandise) Jan. 23; also totals since the beginning
of the first week in January.
J
January
:
.
:
THE CHROMOUiL
81, 1811.
—MeoBn. Eklward Sweet & Co. offer
HKW TORK.
FORBIOH IMrOBTS AT
tf) in vcstorii, at
98J i and
Htrcet Railway Company first conaoliuated
mortgage 6 i>ercent gold bondsdne 1914. The gross earnings of
the company for the year 1890 were $596,471 increase of
$175,809 over 1889. Net earnings $196,011— inorease $60,42J.
Total annual interest charges amount to $105,000.
Interest,
Dry
Oooilfl
Gcu'l
uerMUo.
1891.
1890.
1889.
1888.
For Week.
$3,191,842
6,017,207
$2,580,498
4,939,664
$8,209,109
$3,157,023
9,867.283
$2,927,038
7,160,924
Tola!
Since Juii. 1.
Cloods
Geu'l mor'dlBe.
$7,870,152
$9,024,300
$10,083,862
Dry
$12,393,742 $12,147,.3ia
25,711,100
24,827,550
$13,073,205
23,595,669
$11,598,015
Total 4 wpckB..
$37,221,292
$37,858,472
$36,668,874
$38,648,704
27,050,0.->9
In our report of the dry gocd* trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
Bpecio) from tho port of New York to foreign ports for the
week ending Jan. 37 and from January 1 to date
Prev. reported,
$7,363,116
20,614,349
$6,243,554
19,349,958
$6,043,744
20,065,570
Total 4 weelia.,
$23,619,678
$27.977,465
$25,589,512
$26,109,314
The following table shows the exports and imports of specie
at the port of N. Y. for the week ending Jan. 21 and since Jan.
1. 1891, and for the corresponding periods in 1890 and
1889:
EXPORTS AND DfPORTS OF SPEOIB AT
NEW
TOBE.
aoid.
Great Britain
France
Week.
Since Jan. 1
Week.
Sinee Jan. 1
AM
$28,019
170,521
217,336
1,975
217.471
$8,640
$194,660
411,605
10,750
3,084
14.402
67,827
$461,801
191,582
975,825
$19,390
489,976
10,116
other countrlea
$175,521
38,021
653,328
Total 1891
Tot.il
over fixed cnargea.
DIVIDE NID 8
1890
Total 1889
Great Britain
France
Week.
\Si>u:eJan.l.
$898,800
188,000
8.714
18,363
Since Jan.l,
3
Feb.
Feb.
Feb.
AUianoe
3
On dom.
City
4
Qermania
5
6
On
5
On dem.
St.
Uaalu.
Com Exchiinge
Lincoln National
N. Y. National Exchange
Flro Inanrance.
miscellaneoUB.
National Unseed Oil
$21,293
93,075
691
3,709
18,337
$136,419
127,432
131,705
$13,076
13,002
60,728
$322,514 $1,105,163
1,922,623
283,000
1.408,586
848,401
Of the aboye imports for the week in 1891 $19,390 were
American gold coin and $3,650 American silver coin. Of the
exports during the same time, $67,121 were American gold
com.
Penn Mutual
Life Insurance
Co. of Philadelphia* has been issued this week, and may be
found in our advertising columns. The Penn Mutual has had
a prosperous year and increased its net assets from $14,298,379
to $15,932,328. The new business for the year was 7,539 policies, insuring $20,568,534.
There was paid to policy-holders
$2,071,459.
—A
selected
sented in our
A. M. Kidder
list
of securities suitable for investors
prehouse of
columns to-day by the well-known
& Co.
—
—
2,Jan. 27 to Feb.
t»
to
Feb'y.
•
26
•
to
to
to
to
to
— to
1
Feb.
Feb.
lU
i
dem.!
Jan
$1
to
to
i;
l'
14 (Feb.
14
1 to Feb.
GoTcrnment Purchases ot Silver.—The Government purup to January 23 are shown in the followThe total amount authorized by law for the
month having been purchased at that date, there wUl be no
further purchases till Monday, Feb. 3:
chases of silver
ing statement.
Ounces
purchased.
Ounces
19
589.000
21
1,019,000
•Total in
is
of this city.
nil
326,000 $1-0538
Tho
'»
nil
month
to date..
local
4,495,1441 $10412
are not reported till
®
a
$1-07
Monday
of
Coins.—The following are the current quotations in gold for
various coins
Sovereigns
:
$4 85 a$4 88
3 81
Fine sliver bars.. 102><2S
—92 »
Fivefranos
Mexican dollars.. — 80 «
—
— »
unoommero'l
85
Do
4
— 73 ®
®15 75 Peruvian sols
80
»
70
silver....
4
®15
Rnglish
aSieprem U.S. trade dollars — 80 9
®
®
3 89
XXReichmarks. 4 74 ® 4 78
4 80
25 Pesetas
Span. Doubloons. 15 55
Mei. Doubloons. 15 50
par
Fine gold bars...
1 03Ja
— 95
— 82
— — 75
4 85
Auction Sales.—The following were recently sold at auction
by Messrs. Adrian H. MuUer & Son
:
Shares.
Share's
60
50
25
130
Nat.
276
Traders' Bank.. 195
Mcch. &
161
Lack. Iron & Coal Co
Cent. Car Co. of Conn .... 1 06
5 Lawyers' Title Ins. Co... 165^
12II4
5 St. Nicholas Bank
172
8 4thNat. Bank
137
27 PhenlxNat. Bank
155
12 Niagara Firo Ins. Co
10 Lawyers' Title Ins. Co. .163
25 Bank of N. Y., N. B. A.. 240
60H.
223
120 Oriental Bank
Broadway Bank
Bonds.
$15,000 Newark City (N. J.)
58, tax arre-arage reg., '93,
loo's Ainu
J. &J
•«
$3,000 Citv of N. Y. 78, cons.
(doclf)
l)'(l9.1904,M.&N.141%lnt.
$10,000 42rt St. & Grand St.
Ferry KR. 7s, 1893, A. & 0.106
$3,000 Lake HopatcongH'tel
Co.lst, 68, 1897; Jau.,1890,
couponon
$500 Cin. Wash.
B. ClattlnCo. oom...l03'ii
125 Import's' & Traders' Nat.
69
&
Bait.
KR.
1st inc. mort. bond scrip.. 25
7 Warren EB
146>fl $1,000 Jersey City 78, water,
110T8*lnt.
1902, A.
10 Title Guar. & Trust Co. .176
140
$1,000 Jersey (3ily 7s, water,
25 N. Y. Nat. Ex. Bank
H6^<tint
1902, J. & J
816
20 U.S. Trustee
130
$6,000 Litch. Carrol. & West.
78 Central Nat. Bank
85
RK., I8t68, g., 1916
50 Liberty Ins. Co. (ex dlv.) 60ia
555-557
Bank
1
;
M. K. and Brooklyn Gas Secarlties— Brokers' Quotations,
« $1-07
®
® $1-0592
172,130
purcha8e3 ot each week
tho loilowing week.
*
Price paid,
3,997,014 $104ia
Previously reported.
Napoleons
— The 43d annual report of the
I
1
16
Feb.
Feb.
Feb.
3
"
23
'Local purchases
All other countries
Total 1891
Total 1890
Total 1889
6
A Boston (quart
PiUil& Northern Fao. (qnar.i.
Baudusky Mausflcld & Newark..
N.'.Y. I'rov.
offered.
Germany
West Indies
Mexico
Bouth America
Jan. 21 to Feb.
3
to
to Feb.
2
10 Jan. 31 to Feb. 10
Feb.
Feb.
March 2 Feb. 3
,45.810
.01,614
12,385
Books Closed.
iDays inelusice.)
Sia
2>9
l"*
3>a
January
$287,800
26,000
When
Payable.
'1.638
;;
Sileer,
Week.
Per
1
2
Imports.
Exports,
.
Cent.
Central Paclflo
Flint <t Prre Marquette pref
N. V. Chic. & 8t. Louis l»t pr»{..
New England Teleph. & Teleg...i
$5,000
Germany
West Indies
Mexico
South America
& Holt offer to investors a limited amount
Peter Cooper
Westchester
Imports.
Exports.
Taintor
Denver City Cable Railway Company 6 per cent gold bondfi
at par and accrued interest. They recommend these bonds
because they are a first and only mortgage ui)on one of the
largest completed cable roads in the country, earning a surpltui.
Railroad*.
1891.
$5,028,454
18,601,224
For the week.,
— Messrs.
of
Name of Company.
1890.
1889.
1888.
Omaha
—
KROMRHW TORK TOR THB WEEK.
EXPORTS
198
&0
t
QAS COMPANIES.
|
Brooklyn Qaa-Lifrht
Bid.
Mutual (N.
Y.)
BondH. Oa
Kasaan (Brooklyn)
Scrip
:...
|
SA8 COMPANIES.
117
119
90
Williamsbarg
lOO
lO.S
Bonds. 69
196
T7U
87
iia
116
10«
135
lUU
120
102
CltlKen8* Qaa- Light
Jersey ('ity & Hoboken
Metropolitan— Bonda
I
Ask.
,
People's (Brooklyn*
MotropoUtan Brooklyn)
t
.
Bid.
Atk
93
127
108
103
106
130
lUO
114
105
Bonds, 68
|
60
.
133
lot
110
108
i'ua"'
United States Snb-Treasnry.— Tlie following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as tho balances in the same, for each day of the week.
Balances.
Itate.
Bceeipti.
$
Jan. 24
3.581,941
•'
26
27
" 28
" 29
" 30
2..SS4.199
•'
2.883.525
3.072.467
3,302,062
3,211,102
Total.
19,235,296
Payment*.
$
Coin.
Coin Cert':
$
$
4,333,587 151.001.015
2,011,53", 150,903,400
2,612,415 151,171,090
1,991,.574 151,273,083
2.610,416 151,338.573
3,441,429 151,427,604
17,000,956
5.749,061
6,341.895
5.861.225
7.105.989
7.829,244
7,405,172
_
$5,000 Lltoh. Carrol. & West.
70
90
RR, 6s, g., 1916
temporary certificate.
Co.
The following were sold by Messrs. R. V. Harnett
100 Southern National Bank
Currency.
6.541.494
6,732,921
0,529.775
6,864.531
6,767,431
6,872,121
.
&
Shares.
265
1 N. Y. Law Institute
5 Amcr. Biscuit li M(g Co. 70
2 Central Trust Co
2000 Klehuiond Silver
25
40
100
100
Shares.
250 Accessory Transit Co. of
$40
Nicaragua
Bonds.
1220
Mg Co.
1
Western Nat. Bank
lOOHj
Ohio Central RR
$9
..$10
Bollc Isle Mining Co
Amer. Loan & Trust Co. 100
.
$5,000 Evans
Ist
105 Vj
7i,
$2,000
89»fl
1914 (small)
$3,000 Jersey City water 7s,
119
1904
SauMug ana
Spencer
A Ind. EB.
68,1924
I.ouiRiana cons.
Iftuawclal.
Trask.
&
BANKKaS.
Co.,
„
„..
No«. 16 and 18 Broad Street, Now York CItT.
PKOVlDK.VCB.lL
V:
SAKATOIJA.
ALBANY
V
BUSIVKSS.
BANKING
TRANSACr A GK.NKHAl, ou Commlsjl )u. «?»='»' ."t"""?"
.N.
All classea nf Securities Bounlit ami Sold
glTen to Investment Securities. Direct wire to ««:h
Boston uid Chicago.
,
I.:
-N.
oBca »ail
to PblUdeipUa,
;
.
THE CHKONICLE.
194
SIxje
[Vol.
Posted rates of leading bankers are as follows
gaukjers' ^KzttU,
January
'
For dividend*, uepremoui page.
WAL,I.
STREET. FRIDAY. JANUARY
30.
1S91-5 P.M.
;
Demand.
Sixty Days.
30.
LII.
4 88
Prime bankers' sterling bills on London. 4 85i2®4 86
4 83 ai4 3314'
Piime commereiaV
4 82%*4 82%|
Documeutar.v commercial
5 20 W5 19-4? 5 ISisao 171a
Paris (francs)
40i9» 401
407,.i'*40iii
irasterdam (guilders)
9514* 95381 OS^agS'^B
Frankfort or Bremen (reicbmarks)
,
The Money Market and Financial Situation.—The sudThe following were the rates of domestic exchange on New
den death of Mr. Windom on Thursday night has thrown York at the undermentioned cities to-day: Savannah, buying
gloom over
and put a check on business
financial circles
ani-
mation.
par, selling 1^ to 3^ premium; New Orleans, commercial,
par; bank, $1 00 per |l,000 premium; Charleston, buying par,
premium; St Louis, 60c. per $1,000 premium; Chiselling
cago, 35c. per |1,000 discount.
%
The general situation in Wall Street remsSns almost unchanged and the attitude is most decidedly a halting one,
United States Bonds. Government bonds have been firm.
witli all eyes turned toward Washington to await the outcome The daily purchases are shown in the following statement,
of the financial discussions. This week the chances of any kindly furnished us by the Treasury, Department. The total
circular of October 9 this week have been
silver legislation at the present session have grown materially purchases under
and
the total purchases to date
less, but the markets cannot move with any confidence until
—
.
the uncertainty is quite past.
In the meantime some of the Stock Exchange securities, on a
moderate business, are separating themselves from day to day
from the general market, and turning upwards or downwards
according to their supposed merits.
few railroad stocks of
prominence, whose roads are showing extraordinary earnings,
4}<
Jan.
24..
26
A
advance
Manhattan, on the Rapid Transit bill, declines
other stocks also move according to special influences bear.
ing upon their values.
dividend by Nickel-Plate came on
the Street something like a clap of thunder from a clear sky,
.
27..
28..
29..
;
A
Per Oenti due
O/erinjs. Purch'es
1450.400
17,800
79,050
7.900
24.O5O
.
OmU Urns 1907.
O/erimu. PurcA'M. Pricu pa44
$150,400
17,800
79,050
fl
7,900
24.050
SO..
Total.
4 Per
1891.
Pricea paid.
^1
..
The closing
prices at the N. Y.
and the effect may be to make the holders of even the lowestpriced railroad stocks sanguine.
Interest
Jan.
Periods
24.
Board have been as follows
Jan.
Jan.
Jan.
27.
28.
29.
103
•103
-103
•120
*103
•103
Jan.
I
26.
=
Jan.
30.
I
The Bank of England has again reduced its rate, now to 3
per cent, and the money outlook is very easy both at home
and abroad. Those who clamor for silver and more circulating medium in the country overlook entirely the main facts
4133, 1891
4J2S, 1891.
4s, 1907
of recent history. From Jan. 1, 1883, until August, 1890,
a period of over eight years, when was there any severe
or long-continued stringency in the money market Op
conclusive evidence of a lack of sufficient currency?
Even the panic of May, 1884, developed no money crisis
of anything more than temporary duration, and in 1887,
6s,
6s,
6s,
6s,
63,
Do
4s,
reg.'Q.-Mcli. *103
coiu".
103
103
120
118
120
ex-cp to J'ly,'91
'118
118
109
'109
...coup iQ.-Mcli.
''I(.i3
reg.
Q.^an. 1*120
stamp'dint.iJd.
*118
Q.-Jan. *l:iO
*1 18
cur'cy,'95....reg.J. & J. "109
reg.iJ. & J. *1j2
cur'cy,'96
reg.'J. & J. *114
cur'cT,'97
reg. J. i J. *117
cur'o-, ,'98
cur'^y,'99.-..reg.lJ. & J. *120
1907
Do
•103
'120
118
'120
118H!
*120
'118
*109
*112
*114
*117
1-2012
118
1*103
103
ISO
*118
120% ^120
118
109
'lis
109
112
114
112
112 112
114
114 114
117 117
117 117
120 '120 120 "120 120
This is tbe price bid at tne morumg board no sale wa.^ ma le.
State. and Railroad Bonds.— State bonds have been feaThe sales include: Alabama, Class A, §1,000 at
tureless.
102M; Louisiana consol. 4s, $7,000 at 93%(a93; North Carolina
;
with the construction in one year of 13,080 miles of
Tennessee settlement 3s, $18,000 at 69
railroad, there was never any great scarcity of money. consol. 4s, $1,000 at 96
Virginia 6s deferred trust receipts, $5,000 at 9i^.
In 1889, with crops quite unprecedented in volume, money (370
Railroad bonds have been in fairly good request, and
certainly became very close in the Fall months, but nothing prices well maintained, with slight improvement for some
to create alarm, and when in October the New York City banks issues. Northern Pacific bonds have been a feature, being
showed a deficit in their reserve, it was the first time in over active and strong, in harmony with the preferred stock.
Richmo d & West Point Terminal issues have likewise been
five years, or since the crisis of 1884.
Now as to the past active with an upward tendency. Rio Grande Western fours,
year, 1890, it must stand by itself, and the doctors of finance and Wabash firsts and seconds have also been relatively active,
nfust pass upon its case separately, diagnosing thff cause of its the former advancing on increasing earnings. Other issues
at times noticeable in dealings have been Atchison 43 and inmoney pressure, and suggesting their remedies.
T. issues.
The open market rates for call loans during the week on comes. Ken. Cen. 4s, Mob. & O. gen. 4s and M. K. &
market
has
stock
Tlip
Railroadand Miscellaneous Stocks.
stock and bond collaterals have ranged from li^ to 5 p. c, the
business doing.
average being 3 p. c. To-day rates on call were 3 to 4 p. c. been irregular this week with but a moderate
On Tuesday there was firmness in consequence of covering
Prime commercial paper is quoted at 5i^@6}| p. c.
by shorts and the advices from Washington as to the waning
The Bank of England weekly statement on Thursday showed prospects of the Silver bill. Yesterday tbe market was dull
a increase in specie of £317,000, and the percentage of reserve but tolerably strong, and to-day the tone was generally good,
sales.
to liabilities was 45-56, against 43-91 last week; the discount Lake Shore advancing notably on fairly heavy
The features of the week have been the decline, and later
rate was reduced to 8 per cent.
partial recovery, in New Jersey Central, the considerable deThe Bank of France weekly statement shows a gain of cline in C. B. & Q., the strength and advance of the Northern
Pacifies, and the upward jump of New York Chicago & St.
3,525,000 francs in gold and 750,000 francs in silver.
took
The New York Clearing House banks iu their statement of Louis first preferred. The tumble in New Jersey Centraland
a
place on talk of a possible reduction of the dividend
Jan. 34 showed an increase in the reserve held of $6,739,400 loss of business through a change in Reading's coal trade.
and a surplus over the required reserve of $34,089,775, against Chicago Burlington & Quincy has been sold down by
make the most of the falling off in
bears, who
$18,183,825 the previous weeK.
new
;
;
—
The following table shows the changes from the previous
week and a comparison with the two preceeding years in the
averages of the New York Clearing House banks
:
1691.
Jan. 24.
Capital
6arpIuH
[lOanB and
Dtjferen's/rom
Prev. week.
67,119, 700
65,375, 800
..
.
..
•
1890
I
!
Tan. 23.
18S9.
Jan. 26.
61 ,062,700
57, 710,500
60.762.700
52,402,600
dlsc'ts 385,5,'57.'200 Inc 2,112 400 400, .283,700
392,821,900
Circulation
3,562,i600 luc
4 ,000,
3 ,515,000
4,734,000
Net deposits
Specie
l<egal tenders
Beserre beld
Legal reeerre
Burping reeerve
403.471,;300 Inc
90,162,1000, Inc
35,296,1,600 Inc
I25.457,i600 Ino
101,367, S25,Inc
7,293 800 423, 977,400 424,324,800
89,.622,600 88,550,200
2,832 500 31 403,400 87,.545,800
6,729 400121, 026,000 126.096,000
1,823;,450,105, 994,330 106,081,200
4.396:,900;
24.089,775 Ino .4,905,9501 15,031.650
1
20,014,800
Foreign Exchange.—The sterling exchange market
has
been dull and steady. Actual rates are: Bankers'
sixty days'
sterling, 4 84%(a4 S-^, demand, 4 863^.34 87; cables,
4 87@4
873^
earnings shown in the recent statements. Rock Island,
Northwest, Union Pacific, and most of the Western trunk lines,
have been more or less weak because of the fear of lower
earnings out of the small crops of 1890. Northern Pacific
preferred has advanced actively on the road's increasing earnings, and especially on the expectation expressed in some
quarters of larger dividends. The declaration of a 33^ per
cent dividend on the Nickel-Plate first preferred came as a
pleasant surprise. Thursday a week ago this stock sold at 61,
yesterday at 70. Richmon(i & West Point Terminal has been
the subject of Gould rumors, and consequently more active.
Among tlie#pecialties Manhattan has been weak, possibly as
a result of the passage of the Rapid Transit bill. The Buffalo
Rochester & Pittsburg is making a good showing with its
earnini:s, and the stock refiects the improvement.
Great
Northern has advanced on small sales, while Chicago Gas has
been heavy. Sugar has not attracted much attention, but it
has nevertheless been making a good advance, tlie new company's common closing to-day at 71%, against 591^ last week.
Silver certificates have been heavily dealt in, but the diminishing chances of a new Silver bill being passed this session
have led to a fall in the price, the closing sale being at 103J4,
against 104 last week.
.
Jancabt
..
.
.
THE GHEONICLK
81, 1891.]
NEW YORK STOCK EXCHANGE— ACr/Vif STOCKS
tor week enaing
196
JASUAHV
HO, and »ince JAN.
HIQHEST AND LOWEST PBIOKB
STOCKS.
Artlvv
HK.
Satnrday.
Jan. 24.
Ntocka.
Atrlildoii Top. * Hiintn
Atliinlir A I'liclUii
CMnittlliiit Paritio
Can a<
Ke
II.
29%
20as
•BS,
a'H
*72i«
t
73>s
Jan
Jan.
28% 20%
5% 5%
48% 48%
29
29>4
•a»«
6
73
49
106
31
I
18
Jan. 20.
48^
•iiamis
(^11 1 ni rurlflc
Chesiii)(>»ke JkO.— Vot.Tr.cert.
Tue
Tuesiliij-,
28>«
17>4
18
40 >• 45
80 >i •28
127
130
Chloaiti) A Alton
•10
'11
14
Clilr. & Afl. Bciipf. Tr. Hoc...
87l«
80
88%
rhlca^'o HuiiiiiiriiiiiiV' Qulnoy.
48i«
48
4H>fl
Chu-aiH) it KasU'in Illinois...
•91
90
92
r)o
pref
Si's
&2
83
Ctilcairo Milwankee&Bt Paul.
109
110
Do
pref. 110
Do
Do
do iRt prpf.
do 2di>ref...
•45
29
127
. .
Chicago
&
Northwestern
Do
pref.
ChlcoKo Rock Inland APaolSc.
Chicago St. Paul Mm. St Om.
Do
pref
Oleve. Clncln. Chlo.
Do
& St.
L...
pref.
10514 105>al lt)4H
133>«
134 134
68 id 69% 67'9
•23
'24
26
•80
•80
82
6II9 02
60
•94
•26
l?"*
Do
Do
lint
•714.
30's
oref
2d pref.
EvansTiUe A Terre Haute
Great Northern, pref
nUnolsCeutral
Iowa Central
Do
pref.
18
lllij 116
'
79
97U 97 »4
77^1.
•714
•21
29% 20%
•5%
111
30
29% 20%
130
•24
'80
26
18% 18%
61>4
61
•94
7'»
•60
63
17
17
110 116
78 14 7Sis
9714 98
•714
7ii
7% 21
24
25
61%
»6
•94
96
85
24
62%
25
77% 77%
62
62%
96
25% 25%
•04
26%
26% 27%
135
134% 134%
136% 138% 136% 137%
19% 19% 19% 19
19
63
63
63% 62% 63
"7% S
7% 7% •7% 8
61
62
61% 61% 63
63
16% 16% 17% 17H. '17
18%
•110 115 •112% 115% 112%112%
•77
78
78
78% 78% 78%
97% 9!> 100 100
99
99
•7% 7%
7% 7% •7% 8
•21
134
134
136^8
24
•22% 25
24
*2l
•14
14% 14%
15
1379
131a 131%
14
14
56 "4 56% 56% 56% 56*6 5678 56% 57% 57%
107%
107
IO716 106% loe'e 10678 107% 107% 108
-86
*86
•86
88
88
88
88
85%
88
Long rKland
72% 7314 73% 74% 74% 75% 7378
72as 73%
LoutsTlUeA Nashville
•23
•23
•23
23
24
23
2t
20
26
Louts. New All). A Chicatro ..
99 102
96% 100
99% 101
100
Manhattan Klevatcrt, cousol. 102>sl03
•22
23
23% 23% •23
24
23%
Mexican Central
•90% 93
91
91
90% 90% •91
91
91
Mich iKau Central
•81
88
•81
88
88
88
83
90
Milwaukee LakeSh. A West.. '86
106 112
108% 112 Xl07%107% 105
107 112
^^
pref
...
•5
•5% 6
6
5% 5% •5% 5% *5%
HlDueapolls A St Louis
•11% 13
•11
'll
13
•11% 13
'11%
13
Do
pref.
12% 12% 13
13
13% 13% '12%
13
13
Mo.K.ATex.,cx. 2d m. bonds
!1
21%
21%
21%
21
21%
22
22
22
Do.
pref.
1
,
New York Ohlc. A St.
Irf)ul9.
Do
Do
Istpref.
2d pref.
61% 03%
26% 28
63% 61
28
9G
101
•91
I>o
61
25
"54% 56
pref.....'!!
26^8
Do
pref
Ohio A .Mississippi
Ohio Southern
Oreirou
KyA
69%
!.
'"'
...
NaviKation Co
Oretou Sh. L. A Utah North.
Peoria Decatur A Evansvllle
Fhila..V- Read.Vot. Trust. Cert.
Flttshurf,' Chin. Caic. A St. L.
t>o
pref.
„. ,
BlohujouaAWest
Pt Terminal
'•o
pref
Bio Grande Western
,
Stfaul A Duluth
f"
.
Toledo
A
Ohio Central
Pacific
Waba>li
Denver AGuif
I>o
51
30
.'..'.'.
Orj-Kon luiiiroveuient Co
\""
Pacitie Mail
"'
Pipe Line Certilicate's'v
Pnllman Palace (;ar Co
Wlver Bullion Certillcates!"'
Taniiei.see ''oul <k iron
"" „
*
do
16
82
•60
7(>
8%
167«
8 '4
17% 18
71%
•-•9% 29%
71
103
18
'60
•81
54%
75
•91
265
134
69%
24%
'24%
85
'T5
62.^
"94
63%
96
26% 28%
96
7%
18%
115%
78
7878
•99
100%
'91
•80
•14
51
no
60
•51
•103
23%
18 14
30
66%
103
•14
•51
"5%
6
•11% 13
11
65
103
105
70
90
1078
•60
103
19
-60
•80
43%
10
10
10
1878
18^8
18% 18%
29% 30%
10%
19%
29%
69%
60%
86% 86%
10
20% 20%
17% 17%
17% 17%!
69
39
60
39
39
•85
60%
88
60% 67%
85% '*''
25
39% 40%
34
34
94% 94%
46% 46%
95
38% 40%
34
34%
94% 94%
46% 46%
I
18
19% 19%'
15% 15%l
•23% 25
33% 33%
75% 7578
'
10%
18% 19^4
29% 30%
69
70%
21% 21%
69
)
94
95
17% 17%
19% 19%
15
15%
-24
25
33
31%
75% 75%
19
BO'S
39
22
97%
20
Jan.
6% .Tar.
310 91
300 88
Jan.
Jan.
260105
.Ian.
n.
100,
22
65% 66%
•:j7%
29
•92
t.7
50%
37%
51
37 >i
2078
1979
51^4
2678
1978
51%
37% 38
*270
77
'70
•20
35% 351*
9.T
46% 46 "k
94% 94%
19%
22
18
'38
68
80
4%J
10
Jan.
988 20% Jan.
40,1101
60%
Jan.
29
26 Jan.
93 Jan.
1,383,100% Jan.
2,770j 11%,Tap.
788] 57 Jan.
7,680, 23
Jau.
Jat.
4,546; 19
650' 48% Jan.
14,0971 32% Ja..
17
'14
•50
16
53
53
'254% Jan.
15% J. u.
7,193
1,280
7% Jau.
650' 28% J .1
100, 14-,. Ja'.
1-20, 53% Ja.
.
65
105
These are the prices bid and asked: no sale made
t Prices
32
"10% 11% •10% 11%
58
24
60
24
•55
24
65
25
102
104
102
10.5
23% 24%
147s 15%
•18
*60
•82
19
70
88
24% 24%
1478
19% *18
70
88
4478.
43%
23% •21%
10% 10%
1078
19%
30% 29%
70% 70
22
21%
44%
23
60
'82
4378
40
'38
19
30
22
22
40
I
15
19
70
88
18%; •17
93
19%
16%
24%
33%
73%
197s
10
2478
2478
25% 23%
34
33
747,<
75
'188
189
104%! 103%
36%! •35%
79
79 lo'
78 u.
Irom bolo Kxohauicd.4.
t
:t3%
407a
94 H)
19
19%
327,
8778
20
1678
ie%
33%
7.5
11.
23
J
n.
55%
Jan.
Jau.
Jan.
170*100
120
100 10
300 58
300 24
10 85
....
100
2.250 23
3,807
.Ian.
Jan.
Jan.
Jan.
Jan.
Jau.
Jau.
14
740 16%
I
...
.Ian.
Jau.
61
!
1,980
3,50i;'
18
192
188
10378 101%
36% '35%
79% 79U
14
20
Jan
21
9%
Jan.
1678 Jan.
29% Jan.
H7%Ja>..
18 Jan.
7% Jan.
23
2|
2I
3
Jan.
15% Jan.
58% Jan.
109% Jan.
.
Under the rule
<-i
.
.
oiis'J.
x Kx
div.
.
13
14
7
13
9
12
9
13
12
14
14
14
14
7
24
14
14
23
14
30
30
88% Jan. 21
7M%Jan. 14
27
105
Jan. 15
Jan. 14
2414 Jan.
93
93
Jan.
Jan.
111 Jan.
6% Jan.
12% Jan.
14 Jan.
23% Jan.
67% Jan.
28% Jan.
95 Jan.
104 Jan.
13% Jan.
70 Jau.
2678 Jan.
21% Jau.
52 Jan.
41% Jan.
270 Jan.
17%Ju-.
9% Jau.
36% Jan.
l(;%Jan.
57% Jan.
30
74
Jan.
Jan.
lii7gj.in.
17%
82
24%
4
14
13
14
10
14
12
12
15
5
6
12
29
29
29
14
16
13
16
14
14
14
14
14
14
30
17
Jan. 14
Jan. 12
Jan. 14
18%J'in. 13
8
14
13
34%
Jan.
1578 Jan.
55 Jau.
19% Jan.
74% Jau.
32% Jan.
14
13
29
68%
Jan. 28
103 Jan. 15
122% Jan. 3
12%
70
25%
88
1(>6
26%
16%
20%
Jan.
Jan.
Jan.
Jan.
Jan.
J.. D.
.Tan.
Jau.
Jau.
Jan.
48% Jon.
24% Jan.
;i Jan.
21 Jan.
35% Jan.
7478 Jan.
23% Jan.
61
87
825 1578Ja
2 20 Jan.
322 33 Jan. I 43 Jan.
10,600 57 ~2 Jan. 17 72% Jan.
2.573 80% .Tan. •22 95 Jau.
88
2,000 19 Ja.. 2 25 Jau.
20
2 17% Jan.
42% 56,143 31 Ja
37% 1.610 33 J n. 2 38% Jan.
96% 1.150 94% Jan. 24 97% Jan.
47% 1,1151 42% Jan. 2 49 J.n.
856 88 Jan. 3 95 Jan.
93
2 '20% J n.
610 15 J
18
22,142, 17% Jai>. 2 21% Jan.
20
16% 22,673 11% Jau. 2 18 Jan.
430 15% Jau. 7 28 Jan.
24%
4,200 31% Jan. 26 35% Jan.
34>4
76% 311,000 71 Jan. 2 78% Jan.
134 184 Jn. 5 196% Jau.
191
1027e i.iyj.'Too 101% Jan. 30 107% Jau.
36% 2,9'25 3!% Jan. 2 39% Jan.
80 Jau. 6 86 Jan.
10..-.«4 76
iO
Jau. 2 "0 Jan.
41%
36%
18
1,314'
1,1411
41
40% 4II4
35% 36
96% 96^
46% 46%
94
J.
18%
•39
86% 87
36%
96%
47%
94%
150 48
19%'
4,400
31%] 10,610
3.220
22
1,610
39%
36%
95%
47%
94%
41%;
lJ%Jan.
70% 72%
70% 72%
70%
200 19
410, 14%
7,300, 31
Jan.
Jaa.
Jan.
Jan.
81% Jan.
45% 112,225 41% Jan.
22% 22%|
10% 10%
10%
19%
30%
70%
18% 18%
18%
115. 75
18% 19% 50,266 16 J u.
73% 1,9041 67% Jan.
73
32
i
1078'
1S78
TO
16
53
67% 67%
67
103
102% 105
102% 105
127%, 120 127% 120 127%
10% 20%'
32% 32%
17%
32%
66
1978
247,.
7750
15%
32
'II
•50
18% 18%
71% 71%
32
32%
pret.'
^^\x
'21% 22%
18
•24%
80
23
16%
15
*75
68% 70
87
87%
187
77%
•16
17% 17% 17
19
10%
'94
18
22
73V 73% 74
189
190
187% 190
103% 10378 103% 104
104% 10478 10378
36
35
36
35% 34% 30% 3S%
190
1,427
Jan.
Jan.
Jan.
Jan.
I
68% 68%
23% 24%
14% 15
42% 44%
21% •il
31%
70% 70%
Jan.
805, llTsJan.
2B7f
18% 18'8
72% 73
30% 31
68% 68%
127% 120
23% 24 14
14% 14%
18% 18%
•60
'84
70
90
16
51
17% 18%
71% 72%
11
105
77
92
57%
9
Jan.
Jan.
Jan.
Jan.
Jau.
112
14
108%J>,n. 14
138% Jan. 12
727^ Jan. 14
27 Jan. 14
J..n.
.
75
49%
Jan.
19%J<.u.
115 Jan.
79 Jan.
103% Jan.
57
7
72
'200
105% 105%
70
V,
93%
00% Jan.
700 l«
100 112
93
85
257h
16
49% Jan. 14
32% Jan. 18
130
>>2% Jan.
65% Jan.
98 Jau.
29 Jan.
136% Jan.
139% Jan.
20% Jan.
63^8 Jan.
8% Jan.
66 Jan.
2.450
25
17
10
31
1,075;
625)
7%
-7
-22
5,990
7%'
•lb
8%
Jan. 13
Jau. 26
19% Jan. 12
31
467; 133% Jan.
37,945' 67% Jan.
600; 23's Jan.
I'-'O
77%J>iIi.
10,215; 09% Jan.
167 95 Jan.
1.660' 25% Jan.
66
70
270
118
106 83 Jan.
90,100 50% Jan.
2,425 105% Jan.
8,592 1(14 % Jan.
63%
63
•60
'17
"110
257(
270
Jan. 13
134% 134% 2.202 130% .Tan.
137H 71,699;i31 Jaf.
18% 19
715 17% Jan.
63%
19% 19%
32% Jan. 13
137
17% 17% 17% 16% 17%
8%
8% 8% •8% 9
33% •31% 33% •31% 33
167,
41% 43%
21% 21%
187
105%
32
21^8
•17%
14
22
66
97
22% 22% •21% 22%
17% 17% -17% 18
31% 31% 32'a 32%
30
63
65
103
102
127% 120
14% 14%
39
National Lead Trust
North Aiueriean Co
92
54
110
I
15
15
19
16%
31% 31%
1891.
75% Jan. 19
51% Jan. 13
11%
87% 69,435 85% Jan.
48
1,300 41% Jan.
56
•55% 56% •55
55% 55%
56
26% 28% 28% 29% 28% 29% 27% 29% 82,745 21% Jan.
69 '8 71% 71% 73
71% 73% 72% 74
96,120 63% Jan.
•18
*18
18
19% "18
19
19
18%
H Jan.
•16
16
•16% 18
16% 16%
18
18
200, 14 Ji'
23
95
13
'92
19% 20
44
•15% 17
23% 23 "4
•59
£disO)i <;eii(-ral ICieclric.
Laclede (jas (.-;t. Louis)
93
84
108
6
•27% 28%
37% 38%
1.365
050 20
10 128%
l-20%
16
•51
39
Cattle F. Co!!.'!]!
9
275
In
HlfbMt.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
14% 14% 2,882 13% J. II.
5779 58%
.57%
5,617; 54% Jan.
107% 108 109% 14,708 106% Jiin.
88
85% Ht
186 8H Jan.
74% 74% 747g 53,230i 71% Jan.
24% 24%
26
303 19 Jan.
101 101%
101
7,393 97 Jan.
23
23% 23
500, 1979 Jan
28
63
28
17
551
65
19
19% 19%
'265
26% 26%
69% 69 '8
no
temp, ctfs
A
47%
30%
1.8 <0
•51%
11
105
61
25
120 30
18%
31%
51
21
DiBtlllini;
"8>4
•50
18%
72% 72%
•21
64%
6,155 106
31
18>4
14%
27%
-50
10% 16%
51
13
S.
^
•30
31
16
'78
17'8
'29
'96"
36% 38
270
15
20^8
Bucke.vo Pipe Line Oertif's
'261
15% •14%
17%
i
CnicMTo (ias Co
Colorado Coal A Iron.
Consolidated Gas Co
19%
36% 37
20% 20%
17% •16% 17%
3214
32% 32% 31
2178
pref
.
50
61
•16%
WheelinKA Lake Erie........
do
pref
„, ^>o
Wisconsin Central Co.....
^•"ellaneoiiii Stncksl
Auiei lean < ol ton Oil Co
Do
pref"'
Am. Bnjrar Ref. Co
50
16
•83% 90
44
44%
prefi
tJnhiii P.-«:ltic
Union
82
22
103
M
Do.
•77
•20
*14»4
"
*23
85% 85%
pref
Ann .-VrhorAN.
"is
•10
•54
St. Paul Minn. A Manitoba
Southern PaeitlcCo ..
Texas .t Faeitlc
Tol.
ne"
62
25
63
101% lOSV 103
120 127% 120
Rome w atertown AOirdensb'i!
St. Louis Alton A T. H pref.
L. Ark. A Te.t., trust rec
St. Lou. A Shu Fran. 1st pref
8N
70I4
•60
•24
19
63% 63%
pref-
'.^
-i/i
64% 65%
Lowest.
Mhurcs.
110% 110%
100% 100% 100% 101
101% 101% 101% 101% 102 102
•11% 12% 12% 12% 13
12
13% 1278 13
12% 12
New York Lake Erie A Wesfn 19% 19%
51
51
Do
pret
New York A New Eneland..
37% 38%
New York New Ilav. A Hart 260 270
16% 16%
New York Ontario .v \Ve,<it...
New YorkSusquehan. A West. •8I4 9
31% 31%
Do
pref
•15% 16%
Norfolk A Western
Northern Pacille
96
62% 64%
IMl.
Week.
I
29% 20% 20.205 28% Jan.
170
8^
6 Jan.
'S"*
73
73%,
100 72% Jan.
4978 50%
4,215 48% Jan.
130
12
89
25
85
A Western
Do
oref
I<ake Shore A Mloh. Southern
•27
•92
101
•12
•60
•24
Friday,
Jan. 30.
30% 30%
•127
•10
25
•80
62
I<ake Erie
Missouri raolflc
Mobile A Ohio
i...
Nashv.ChattanoostaASt. Louis
New York Central A Hudson.
6
73% 73%
49% 49%
30
26
84
7J4
8
5%
•30% 31
*30
31
17% 17% 18% 18%
45
46% 47
47
127
•10
95
25^8 26
132>j! 133
63
63
•17
29Tg
40% 50
108% 110% 110%111% 111
26%
27
ColumbugHocktneVal. &Tol.
132
1323, 133
Delaware <& Hudson
ise^fg
13473
134%
136%
137
>e
Delaware Lackawanna <s West
18% 19%
17 's 17> U8
Denver & Rio Orande
60
61%
60 H
60»8 61'4
Do
pref.
Bmc Tennessee Va, & Ga
Jan. 20.
'i%.
5%
Thursday,
46% 46% 47%
•30
30%
127 130
129%
•10
•10
12
11%
88% HO'b 88% 86%
86% 87% 83%
48 >s 48% 48% 48% 48% •47% 48% 48
•90
•90
'90% 92
90
92
92
92
52% 52% 54% 53% .54% 53% 54% 53%
109>4 109% 110
110 110% 11008 110% 110
105>« 105
106% 105% 106% 104% 105% 104%
132% 135
1331s 134% 134% •134
135
68% 60% 68% 70
6778 69 >4
68%
68»e
45
130
12
95
97
Wednesday,
•72% 73% •73 1* 74
lllTg
31
I,
Range of (alee
of Ibe
Monday,
•72
•4U
Hon hern
Ceiilnil of New Jerney
I
1
Mies
I
14
16
15
9
12
12
14
13
13
19
14
14
14
14
12
14
14
14
14
30
14
14
19
14
14
12
24
•JO
17
14
14
7
22
14
15
14
14
13
i
.
Jan. 30.
Inactive Stocks.
Ask.
Bid.
U Indicates unlisted.
Alabama & Vlokbiirgir
Albany & Susquehanna
35
100
&
. .
Preferred
Burl. Cedar Bapids
97
<fe
Nor
415
1213
PreferredH
20
& Fere Marquette
100: {81^8
Prsferred
100
8
GeorKia PaeiflcU
Green Bav Win. & St. Paul.... 100
IJa
100
Houston & Texas Central
100 90
Illinois Central leased lines
100 13
Kanawha & Micliican
Flint
Keokuk & Des Moines
100
100
50
Kineston & Pembroke
loitisv. Evans. & St. Lo., cons. 100
100
Preferred
100
Ix)uisville St. L. & Texas
50
Mahoning Coal
50
Preferred
Marq. Houghton* Onton..-.. 100
100
Preferred
25
Memphis & Charleston
100
Mexican National
Morris & Essex
50
100
H. Y. Lack. & Western
100
Peoria &. Eastern
price
FrWaj
I
I.
12^ Jan.
18^8 Jan.
Jan.
6 "3 Jan.
6J2 Jan.
2 Jan.
901a Jan.
I5I3 Jan.
16
22
14
22
84
Jan.
Jan.
Jan.
8% Jan.
8I2 Jan.
21^ Jan.
9114 Jan.
151s Jan.
82% 81
8Js
21s
15
7
SOJa
t30
:61
Jan.
.
6
"7
Preferred
5
'
25
15
100
100
100
100
& Atlan.lT
4% Jan.
5is|
lOOi
Preferred
DuhtthS. Shore
{85
{105
10
7
Jan.
30
55
15
85
105
Jan.
Jan.
Jan.
Jan.
Jan.
40
Jan.
Jan.
Jan.
Jan.
Jan.
I
;
Jan.
301a Jan.
63 Jan.
18 Jan.
85 Jan.
105 Jan.
85
{40
5
'145
104
{109
7H
913
6
40
5
47
109 14
1
8
.
Jan.
Jan.
Jan.
Jan.
Jan.
sale:!.)
in 1891.
(sates)
Bid.
Ask.
149
151
149
Jan.
50
50
29
100 {183
1501a Jan.
34
28
180
Jan.
Jan.
35
183
.100|
Lowest.
Highest
Jan.
Jan.
lOdi
100
100
100
26I2 Jan.
3 la Jan.
14>s Jan.
{281s
3I3
13
15
30% Jan.
414 Jan.
1413 Jan.
100
miscellaneous Stocks.
100 {142
Adams Express
:
Des Moines & Fort Dodge
.
H
102 101 Jan. 103 Jan.
28
100 26
34I3' 29
34 >4 Jan.
Jan.
100 134
76=8 Jan.
100 TG^s 76''8 74 Jan.
35
100 22
13
100 11
413 Jan.
3<2
413 Jan.
5
100
50 150 152 150 Jan. 152 Jan.
100
I
California PaciflcTI
Cedar Falls & Minnesota
Cleveland & PittsburK
Columbia & Greenville pf
Chicago.
Range
Jan. 30.
Pittsburg A Western
Preferred
Eensselaer & Saratoga
8t. Joseph & Grand Island
St. Louis Alton & T.
South Carolina
Toledo Peoria & WestemU
Toledo St. Louis & K. CityV
Virginia Midland
45
I
Brooklvn Elevatedr
Buffalo Rochester & Pitts
Wayne &
Indicates actual
(t
Inactive Stocks.
H Indicates unlisted.
Bighesl.
Lowest.
lOO; 160
Cbarlotte Air L1[. . ..lOOi 94
120
South. lU. pref
Boston &N. Y. Air Line pref. .100 *100
&
«n 1891.
(salet)
Pitts. Ft.
Railroad Stocks.
Belleville
Sange
I
[Vol. Lll.
(Continued)— /iVACrfF'^ STOCKS.
NEW YORK STOCK EXCHANGE PRICES
No
1
THE CHRONICLE.
196
Atlanta
.
American Cattle Trustlf
American Cotton Oil trust rcc.lOO
100
American Exiiress
100
Am. Telegraph & Cable
American Tobacco Co., pref ..100
100
Brunswick Company
Chic June. Ey. & Stock Yards. 100
100
Preferred
100
Columbus & Hocking Coal
100
Commercial Cable
100
Cousol. Coal of Maryland
100
Laclede Gas pref
Lehigh &Wilke3. Coalf
100
Maryland Coal
100
Minnesota Iron
100
Linseed
Oil
Co
National
100
New Central Coal
100
Ontario Silver Mining
100
Oregon Improvement. pref
Pennsylvania Coal
50
50
Phila. Natural Gas
Postal Telegraph— CableTI
Quicksilver Mining
100
142
13
{21
15
115
120
{81
*98is
80
99
21
75
811a
{75
17ifl
104
22
85
19
106
25
I7I3 Jan.
103% Jan.
{59
15
145 13 Jan.
15 Jan.
22% Jan.
120 Jan.
Jan.
SliaJan.
Jan. 100 Jan.
Jan.
21 Jan.
J an.
75 Jan.
Jan.
Jan.
15 3i Jan.
113 Jan.
11
1107
Jan.
Jan.
26
60
Jan.
Jan.
Jan.
17
81
Jan.
Jan.
4238 Jan.
12 Jan.
44 Jan.
37
20
I412
I6I3
15
79
42
12
79%
3914
421a
41
Jan.
Jan.
Jan.
Jan.
Jan.
34
Jan.
8
411a
19asJan^
i
25
55
39
9''8
,
260
*22
6
lOO' 38
Sugar Kefln. Co. trust rccts:!i.. 100: ;84Vi
100
Texas Pacific Land Trust
Preferred
eia
40
85
,
100
U.S. Express
Wells, Fargo Express
...100
67
140
72
150
514 Jan.
Jan.
e's Jan.
39^
38
Jan.
56'8 Jan.
14% Jan.
65% Jan.
il37
Jan.
Jan.
Jan.
I6I4 Jan.
70 Jan.
85
140
Jan.
Bid.
Ask.
latest price this week.
;
NEW YORK STOCK EXCHANGE
SECDEITIES.
Bid.
SECURITIES.
Ask.
JANUARY
PRICES.—Sr^r^; BONDS
SECURITIES.
Ask.
Bid.
30.
1906 102%103% New York— 68, loan
1693 J03
B.C. (cont.)— Brown oonsol. 08.1893
95 102
1906 105 IllO
North Carolina— Gs, old
Class B, 58
J&Jj 30
Tennessee— 6s, old
1892-1898
62%
1906 99% 103
Funding act
Class C, 48
1900 10
Comjronilse, 3 4-5 6s
1912
70
1920 104 10H%
Currency funding 48
New bonds, .7. & J.... 1892 1898 20
New settlement, 6s
1913 102
Arkansas— Os.fund.Hol. 1899-1900
7% 1478 Chatham RE
5
7
58
1913
98 104
do. Non-Holford 1,50
180
Special tax. Class 1
5
7
3s
1913
69% 69 Ta
4
78, Arkansas Central KE
10
Consolidated 4s
1910 96
98
Virginia— 68, old
1914 105
Louisiana-7s, cons
68
126
1919; 122
68, eonaolidated bonds
Stamped 48
92% 93 Ehode Island—6s, eou..l893-1894| 102
68, consolidated, 2d series, rects.
1894-1 895 105
Missouri-Fund
314'
South Carolina— Gs, non-fund.1888
4% 69, deferred, trust receipts
8% 0%
Alabam.a— Class A, 4
to
5
I
j
I
*
New York
City
Bank Statement
We
5, 1890, is as follows.
(00)
in
all cases.
Bamkh.
(OOt omitted.)
Bank
of
SvecU.
New York...
X«nhattan Co
Merchants'
Mechanics*
America.
Pbenix
City
Tradesmen's
Chemical
MeTcliauts' Exchange
Gallatin National
Butchers' <fe Drovers'.
Mechanics'
& Traders
Greenwich
Xjeatnei Mannfact'rs.
Seventh National
State of
New York....
American Exchange..
Commerce
Broadway......
Mercantile
Pacific
BepubUc
Chatham
Peoples'
North America.
Hanover.......
Irving
CltizeDS'.....
,.
Hassan
Market <t Falton
760,0
600,0
600,0
St Nicholas
A Leather
Com Exchange
Shoe
Continental
Oriental
Importers' & Traders'
.
Park
Kast River
260,0
Third Natloiiiil
N. Y. Natl txcbange
New York Conntr.
Qemian.Araencau
Chase NiUonal....
PUth Avenne
,
Gamian Exchann.
Germanla
nmted States
.
.
Lincoln
....
Bank of the Metrop.
'
West Side
Seaboai-U
Western Natlomil
Mint NaUonal.B'Uyn
«
1.748,4
1,393,3
8(>4,8
1,899,1
1,926,2
658,9
3,453.9
99,2
6,423,9
141,8
1,494,2
301,7
243.8
13'^6
695,5
81.1
480,4
1,939,7
3,423.8
3,149,
6.319
1,634
2,687
1,163
3,041
1,452
3,469
15,629
18,029
13,046
296,2
411,9
227,4
725.2
109,9
366,9
2,797
1,141,6
317,4
392.2
4,85»,«
2,423.5
143,9
1,862,0
6,4U1
672,6
342,1
166.8
800,0
21,981,
1,557,2
»M,(
S.6flO,n
2.032
7,622
2,551
10,252
6,742
2,336
4,669
31U,tJ
300,0
600.0
200,0
11,784
925,2
395,1
983,1
711,7
801.0
643.3
160,1,
760.0
soo.r
100.0
300,0
300,0
600,0
300,0
10.638
6,605
7,801
13.367
4.884
5.633,
800,1
1,000,0
300,0
260.0
•
12,020
1,839,.1
640,2
330,5
800.7
3.701,3
244,0
141,8
401.8
521,4
258,4
917,1
781,4
488,1
443,4
607,7
301,3
328,4
300,0
760.0
600,0
300,(,
eameld
Sixth National
l,600,f.
3,200,0
3,000,0
Central National
Second National
Ninth Natlonnl
First Kallouul
Filth Na'lonal
1,000,0
1,000.0
300,0
•,i,0<10,U
Foarth National
Bowery
$
3,000,0
a.oso,o
3,000,0
2,000,0
3,000,0
1,000,0
1,000,0
760,0
300,0
600,0
1,000,0
300,0
200,0
300,0
600,0
300,0
1,200,0
S,000,0
6,000,0
1,000,0
1,000,0
423,7
1,800,0
460,0
200,0
700,0
1,000,0
600,0
600,0
600.0
3S4,0
356,6
761,1
2,573,
2,877,
•
2,640,0
1,961.0
1,858,5
1,022,0
2,19G.rf
886,0
2,017.4
213,1
5,940.9
519,5
776,5
400,0
102,0
177,1
382,8
383,6
603.1
3,001,0
1.827,1
1,244.2
1,318.8
447.
1,832.8
678,4
272,0
320,7
3,35o.B
368,2
642,.i
19,290,
1,217,
433,3
C05,7
173.«
417,0
1,016,8
828.8
151.8
4,532,0
4,188.0
243.a
16,863
4,585.1
6,42.!
835,0
1,280,0
857.1
2,901,7
4,075
1,837
2,475
4,256
8,100
20,832
4,158
6,051
21,393
4,','69
1.445
2,700
2,612,
2,892
10.442
4,169
2,709,
2,69",
4,161
3,345
3,147
1.83b,
3.939.
307.0
172,1
66«,0
730,0
460.0
2,874,4
1,177,3
191,3
192,2
771,4
770,1
485,*'
1,9.<6
336,2
789.9
274,0
3.432
630.(1
1.631,
194,0
10.320,
3,(>8d,l
4,142
7:9,3
Tmu.
aO.672.7 62.213.1 383.277.9 73.998.4
No ttatementbas been issued glace Not. 6 1890.
*
Vapital
I
for the veeek endiog Nov.
omit two ciphers
Legals.
C
250,0
410.0
153.0
488,0
688,7
76,0
652,0
146,4
11,400.0
lo,442.0
6,894.2
6,991.0
12,645,0
4.43.i,0
l,001,t
297.2
9,440.7
„I.87»,0
23.456,7
»,486,7
247,8
4,'288.3
70,1
1,747,S
3,008,0
1,165.2
2,377,0
1,595,2
372,0
137,7
148,6
29,0
208.0
239,0
12,S88.0
1,393,4
ll,7li2,0
133,9
787,6
261,7
319,3
359,0
141,4
384,1
837,2
144,5
120.7
342.8
239.9
13(1,5
286.0
227.0
137,7
311,0
'2,942,1
4.679.3
7.961,3
3,125,2
10.153,9
5,567,1
2,908,7
4.3817
13,814,9
2,503,0
3,019,8
3,678.8
3,991 4
1,717.8
2.88(1
0,?8(l,s,
1,012,(1
4,541,1
2.040,0
21,184,0
638,0
22,3:)!.o
82,1
1,1:1:6
17.475,0
e.4Js!o
5,089,0
5.132.1
18.654.9
3,518.2
881,6
576.0
lul.o
322,7
784,6
48t,0
89.0
155.0
1,28.M
2,l'Z2,0
11(1,0
3.079.4
61,9
707,8
140,3
588.0
2«i.7
I2.4«0,tf
4,60.>,0
46,7
300,4
438.4
268,0
394.1
284.0
337.0
122.0
471.4
174.3
2.r,'i7,3
3.329.1
3,0rtO6
4.5jS,2
4,188,4
3,795,8
BANKS.
Specie,
Jan. 10
"
17....
"
24....
6S,842.9i 155,972.4
65.84 '2,9 :5.5,787,7
66,842,9 135,498,5
Legals,
j
Devoaits.l Circ'l'n Oleannfi,
S
25,42, ,2 333,649,
35,295, 6 403,471,
590,,0 433,,5'24,3
399, 9 574,,769.7
538, 8IB91 936,9
558, 6762, 46'2.9
562, 6 621,,779.4
9,372,7 5,635, 8 133.200,
9,151,2 6.678 5' 133.461,
9,466,81 6,635, lll3!,425.
251, 6 96,,978.4
245. {• 103,,371,8
238,
88 ,317,3
Boston."
26,571
386.832,
29,832, 5 300,323,
,7
3'2,963, ll39-(,177,
Phila.'
Jan. 10
"
17....
"
24 ...
35,793,7
33,793,7
35.793,7
98.783.0
87,146,0
96,709,0
25,763,0
26,352,0
26,871,0
We
omit two clplurs in oU titete tlgura,
Aelphla. the Item " due to other banks."
'
92,007.0 3,178,0
91,492,0 2.180,0
71,182,1
73,043,2
9l.llt3,«|2,181,0
66,9 lo.
tlncladlng, tor Boston and
PbtaQ
City Railroad Securities— Brokers' Quotations.
Atlantic AT.,B'klyn.St'k.|120
Gen. M.,5s, 190S...A,&o!l03
Bl'okerSt. dl i'ul.K-Stk.1 21
1st mort., 78., l!)Oti..J&Jillo
Br'dwar
fc
7thAv.— St'k.. 199
.J&D 105
1st mort., 5s, 1904
2d mort,
5s,
1914. ..J&J lOl
'24 102
B'way Ist, 6s, gu
2nd 58, int. as rent., '05. 93
Brooklyn City- Stock
173
1st mort, 5s, 1902. .J&J 100
1
B'klyncroist'a
Ss.,
1908 108
Bkn.O'y&N'u53,1938 J&J 100
•Jdntral Crosstown- .S(,'ii..|l55
1st mort, 08,l'.i'22.M&N|H7
Omt Pk..v.& E.Uiv.— stk. 115
Consols. 7s, l'M2 ...J&dIi15
Ury Dk.E.B.& Bal'y— 8tk.|138
Istmoit, 7s, 1893..J&D 105
126
107
27
112
202
107
108
104
97
175
103
110
102
120
120
117
142
107
Bank Stock List— Latest
BANKS.
I
Bid.
213
imerica
Exch... 150
iibary Park
Bowery
300
Broadway...
Biitch,V& li,-. l"0
Central
12a
A,m.
C'luso
375
400C
IVo
Oily
Citizens'
:i5
185
312
iSO
4.71.'S,9
Dejiosit
East KlTer.. 180
1 1th Want... ISO
Fifth Ats.... 1700
,
Filth
First
First N., S. I.
14th Street..
UU
Diy Dock E. B'y & B.—
Scrip 8»
KlKhtU At.— Stock
1st mort, 7a, 1893.
mort, 7s, 1894. ,JAJ
Ninth ATe
Second ATe.— Stock
Ist mort, 58, 1910. MAN
Sixth Ave.— Stock
Third Ato.- Stock
Ist M., 58, 1937
J&J
Twenty.thlni St— Stock..
1st mort, 78, 1893
I
1
120
3*20
aOO
Greenwich..
140
4 90(1
IrvluR.
& Trad'V
120
300
2000
lOi
112
170
171 "a 173
354
ills', 245
I300
Manhattan... 180
MarkotJi Fulj220
Mechanics .. 203
M'chs'&Trs".
1
Murray
Nassau
Hill,
300
160
107
280
290
109
230
106
107
l(-7
113
l(;(t
110
week.
Bid.
I
N.Y.NatEx. 1133
142
1
60
N. America.. 150
North Kiver.
Oriental
2l6'
1711
Park
26J
110
185
215
226
Mercantile...
Merchants'..
Merch'ts Ex. 122
Metropolitan
6
Metropolis. . 360
Mt Morris .. 460
67
100
100
110
104
2 JO
Ninth
133
l.*th Ward.. 150
Paclflo
180
Madison Sq.. 100
1331.J
125
310
640
1
38
114
238
N.Y. County. 600
1330
Germauia
Lincoln
105
this
BANKS.
New York...
Bidt
Hanover
1350
Hud. KiTer..U60
!95
bank stacks
320
aermau Am.
German Ex.
Leather
A&O
Ist
Gallatin
Gariluld
Im.
100
193
42dStManh.& StN.ATe. 35
1st mort, 6s, 1910.. Jf.ikS 112
2d M„ income, 68
J&J" 50
Hoost W.St* P. F'T— Stk.
prices of
BANKS.
1
F&A
KiKhthAT.— Scrip, 68, 1914 104
*2d <fc ar'ncl St F'ry— Stk. 237
133
l(i,i
2,0;<9.o
3.915,11
Fourth
,
Ask.
3'JO
Chatham
Chemical
'2,023.9
21.816.0 jij;^?!^
Loans.
*
f
». VorU.'
Dec. 2?.... 122,785,8 385,321,8 77.812,3
J.in. 3
132,495,5 385.678,6 78,683,2
10.... 132,495,6 383,955,4 81,133,0
"
13'2,495,3 383.444,8 85,765,1
17
•'
24.... 132,496,5 333,537,2 81), 162,0
Columbia
233
Commerce... 194
CoDtineutal 138
Corn Exch... •239
1,280,0
8,140.4
4,030,0
IX
iSurvlua.
1
326
278
Pheuix.
133
Pioduce Ex. 112
Repahlic
:Soahoanl
160
Second
... 300
SeTenth
123
People's
IShoeiftLeath. 132
180
;st Nicholas. 120
State of N.Y. 107
90
OH* Third
Tradesmen's. 100
Unit'dStates 200
Western
100>a
West Side.. 200
128
142
llti
19il
1(!0
124
115
103
100 >B
101
216
F
J
;.
Jancjlby
JJ
THE CHRONICLE.
31. 1891.1
197
BOSTON, PHILADELPHIA AND BALTIMOKE STOCK EXCHANGES.
IT" ahare Prices — not Per Oentaoi Prieaa.
Active Stocks.
1 IuiUcutc8 unllBtcil.
20%
Atch. T. & 8. Fo (Boilon). XOO
"
Allnntic A Pno.
100
Baltlnioro
Int jirpforrcd
"
2(i4
.
"
"
"
"
100 177
100 203
BoHloii A MKlne
KX) •181(1
Ci'iitnil of Mass.
Pri>foni'il
100 *3.S>«
"
100 fS%
Chio.Bnr.eVQuln.
52 >4
Chic. Mil. A- 8t. P. rrA«.J.100
Chlo. A \V. Mich. (Botton) 100 •47
24
••
Cln.8»n.ACleve.
50
•6
"
Clove. A Citntoii
100
"
ProfiTreil
100 •10
&
l.c.well
.
E««t«in
Tburiday,
Jan. 26.
Jan. 27.
Jan. 38.
Jan. 29.
28% 29 >4
29%
29% 29%
6%
2018
28''8
6i«
&\
ftl«
93
06
"
'•
Pore Marq.
"
Preferred
Bunt. A Br. Top. (PhOa
"
Preforrcd
19I9
BO'S
88''e
53
"
Viillcy
Central IBo$lon).\00
"
(Viitral
100
"
100
». Y, A N. IJug.
"
Preferred
100
Northern Central rBrt«.>. 50
LehlKh
Maiiiii
Northern PadHc
f /'/n7«.;
ProfciTed
<
.
87%
62
et
6>fl
100
38
38
65^
65ni
28''a
70
168
"
100
Boston). 100
(Phila.).
27 ><
70 '4
108
ol'f.
811s
20
44
44
50% 50%
23
37
221a
36S8
•1914
20
44
44
16%
60»9
50%
228
8,3001 51
240 43
141%
141'
23%
23
112
30
16
7
1578
43
228
43%
228
8%
51%
5178
ISl'ie
16%
7
7
43% 44%
228
228
228
15
16
15
15
250
2.50
2.50
4458
2579
21%
50%
47%
46
'49
•49
22 li 45% Jan. 7
273; 4668 Jan. 3
90' 20
Jan. 6
427| 47% Jan. 16
50
"21%
22
15%
80%
15
250
•49
47%
'51
47%
51%
16%
82%
45%
25%
21%
4778
52
16% 16%
82
83%
44% 45%
25% 25%
21% 22
X Ex
47%
51%
16%
83%
45%
25%
21%
7)
4,204'
Ask.
Bid.
60
4%
K.C.
.
L.
)
)
.
.
.
. .
>
I
i
I
I
1|
f
Rock A
68. ... 1 i»33.
AC.
B., 7s.. 1907,
Ft. 8., 1st, 78. . 1905,
St. Jo.
g
8
8
9
20
29
14
15
15
14
13
29
6
14
7
7
12
12
24
15
48%
52
18
83%
45%
26
23%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
14
7
9
2
9
14
29
28
5
15
95
JAJi
FAA
I
73
38%
24
124%
I
10s. 1896, .TAJ
Atlantic City 1st 5s,g., 1919.M&N
'Belvldere Del., 1st, 68.. 1902,
107%
1900, FA A
Catawissa, M., 7s
Char. Cin.AChic.lstSg, 1947. Q—
ClearfleldAJeff.,l8t,68.1!t27,JAJ
1900-04, MAS
Connecting. Os
Del. A B'dUr'k, l8t, 78.1905,FAA
116
I
JAD
EastonAAm. lstM.,58.1920,MANi
A Wilm., 1st, 08.1910, JAJ.
Hunt. A Br'dTop,CoB.5s.'05,AAO
1914, y—j'
Lehigh Nav. 4%s
IHilT.JAD
2d 69, gold
General mort. 4%8, <f.l924,o—
Lehigh Valley, 1st 68.. .1898, JAD
1910. MAS
2d 78
1923, JAD
Consol. 6
North Penn. 1st, 78. ...1896, MAN
1903, JAJl
Gen. M. 78
Pennsylvania gen. 6s, r..l910, Var
lOOi*
7979 80
54is
'35%
27%
106%
127
114
105
100
119
49% 50
106
105
105
103
106
108
108>9
120
103
99%
'
1925,AAO
Oxf.AClark.,lutgu.,6g.l937,MAN
FAA
Virginia Mid., Ist 68. ..1006, MAS
1911 MAS
2a Series, 68
3d Series, 6s
1916, MAS
4th Series, 3-1-58
1921, MAS
1 926, MAS
6th Series. 58
98
103
114
117
Pledm.ACum.,l3t 5g.l911,
I
Allegheny Val.,7 3
119
112
100
112
98
J.
B«l.AOhio8.W.,l8t4%g.l990,JAJ
1102%
'CapeF.AYad.,8er.A.,6g.I916, JAD
101%
1916. JAD 101
Series B., 6 g
1916. JAD 100% 101
Series C, 6 g
Cent. Ohio, 4% g
1930, MASi 100% 101
Charl. Col.AAug. 1st 78. 1893, JAJ 107 1107%
Gn. Car. A Nor. Ist 5 g..l929. J^UJ 103
North. Central, gold 68, 1900, JAJ 114% .;
Gold 68 of 1904
JAJ
Series A, 58
1926, JAJ id8% idsH
4%8
99
Ask.
111%
;
111
JAJ
Bonds,-Philadelihia.
Q—
,
I
Consol. 6s, c
4%
Pa. A N. Y. Canal, 7s. .1906, JAD
Consol. 58
1939, AAO
Perklomen, Ist 8er.,58.1918,
iPnlla. A Erie gen. M. 5g.,1920, AAO
Gen. mort. 4g
1920, AAO
iPhila A Read, new 4 g., 1958, JAJ
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1908, Feb. 1
3d pref. Income, 5 g, 1938. Feb. 1
2d, 78
1893, AAO
Consol. mort. 7s
1911, JAD
Consol. mort 6 g
1911, JAD
ImprovementM. 6 g., 1897, AAO
Con. M.,5 g..8tamped,1922,MAN
PhiL Wilm. A Bait, 4s. 1917, AAO
Pitts. C. A St I.,., 78. ...1900, FAA
Po'keepsie Bridge, 6 g.l936, i'AA
Sehuyl.R.E.Side.lstS g.l933, JAD
Steuben. AInd. Ist m.,5s. 19 14, JAJ
1894, AAO
United N. J., 6 g
Warren A Frank., lat78,1896,FAA
Bonds.— Balti more.—
Atlanta A Charl., 1st 78, 1907, JAJ
190O, AAO
Income 6s
Baltimore A Ohio 4 g., 1935, AAO
Pitts. A Conn., 5 g...l925,
Statenlsland, 2d, 5g.l926, JAJ
I
§118
§100
I
Last price this week.
49
50
24
Bid.
1919, Var
1913, JAD
58, r
.
Loul8.,Ev.ASt.L.,l8t,6g.l926,AAo'
1936, AAO
2m., 2— 6 g
76
Mar. H. A Ont., 68
1925, AAO
Exton. 63
1923, JAD
Mexican Central, 4 e... 1911, JAJ 72%
Ist consol. Incomes, 3 g, non-cum.
38
2d consol. incomes, 38, non-cum. '§
N. Y. AN.Eng., Ist, 78, 1903, JAJl
1905, JAJ 5115
1st mort. 68
1902, FAaImOI
2d mort. 68
2d mort., scaled, 5s... 1902, FAA 6103
lOgden. & L. C, Con. 63.1920.AAO §103%
Inc. 6s
1920!§....
Rutland, 1st, 6s
1902, MAN §110
1898, FAAl§....
2d, 5s
Elmir.
2
I
AAO
K.C. C.A Spring., l8t,5g.,1925,AAO
K. C. F. 8. A M. con. 6s, 1928, MAN
K.C. Mem. A Bir.,] St, 5s,192,, MAS
Unstamped Ist,
ConsoL
l_ Coliat. Tr.
Bonds.— Boston.—
!
)
3
Bonds.
I'Penna.
i
.
Jan.
12% Jan.
57 Jan. 2
2,1671 42
Jan. 2
825 25% Jan. 20
5.566 21% Jan. 26
At.Top.A8.F.100-yr.4g.,1989. JAJ
100-year income 5 g., 1989.Sept.
Burl. A Mo. River E.TCmpt Gs, JAJ
Non-exempt 6s
1918, JAJ
Plain 4s
1910,JAJ
iChio. Burl.* Nor. Ist 5,1926, AAO:
102
2d mort. 68
1918, JADJ
101%
Debenture 68
1896,JAD
101
Chic. Burl. A Qulncy 48. .1922, FA A
90
19Ui, AAO
Iowa Division 43
93
Chlc.AW.Mich. gen. 5s, 1921, JAD 5 93%
Consol. of Vermont, 58.1913, JAJ 5 86
Current River, 1st, 58..1927, AAoJ....
101
Det. Lana.ANor'nM.7s.l007,JAJ«07%IJ13
Eastern Ist mort. g.. 1906, MAS i
|125
iree.Elk. A M. V.,l8t, 68.1933, AAO
Yin"
50
6,698
I
Kan. (Ty Ft. 8. A Mem. (Boston) .100^
K.C'yFt 8. AGulfpf.
100
K. Oitv Mem. * Birm
100
Little Schuylkill
(Phila.)
50
Manchester A Law.. (Boston) .100
Maryland Central...;
(Bait.
50;
Mine Hill A 8. Haven (PhUa.) 50
NesqachoniugVal
"
50
Northern N. U
(Boston) .100
North Pennsylvania. (PhUa.) 50
Parkersburg
(Bait.
50
Pennsylvania AN. W. (PhUa. 50
Kaleigh A Gaston
(Bait. )100
Rutland
(Boston) .loo;
Preferred
"
100 63
66
Seaboard A Roanoke. (Bait.) lOol
1st preferred
"
100
West End
(Boston) 50
80
81
Preferred
"
50
837b 84
West Jersey
(Phila.)
60
60
Wsst Jersey A Atlan.
•'
50
40
Western Maryland..
(Salt,)
50
Wilm. Col, A Augusta
"
100 106
WIlmingfnAWeldon
"
100 115 125
Wisconsin Central. .. (Boston) 100
21%
Preferred
"
100
60
Worc'st.NasU.ARoch.
"
100
MISCELLANEOUS.
AUouez Mining
(Boston)
25
2
2%
•'
Atlantic Mining
25
13% 14
City I'asscuKer KR.
(Bait.)
25
82
Bay Slate (las
(Bostott). 50
30
Boston Land
"
10
6
Centennial Mining...
"
10 15
15%
Fort Wayne Electric^
"
25 11
11%
"
Franklin Mining
167^ 17%
lYenchni'n'sBayL'nd
"
6
'•
Huron .Mining
25
3
3%
lUlnols Steel fl
"
100 72
Kearsarge Mining
"
25
11
Morris (^nal guar. 4. (Phila.). 100
Preferred euar. 10
'•
100 190 I...
Owvola Mining
(Boston). 25
36
36%
Pewaliic Mining
"
25i
15
Piillmus P.ilaco Car..
100; 185
Ouincy Mining
25 102 {103
Tamarack Mining
281 140
145
Thoips' u Elcc We'.'i'g
'200
lOOl
9
rights.
96
i
5
604x184 Jan. 29 220 Jan. 14
1,984' 3H%Jan. il 43% Jan.
5
275i 13% Jan. 2 17
Jan. 14
31246 Jan. 3 260 Jan. 6
255I 49% Jan. 27 49% Jan. 27
185%
40% 41%
49% *49% 50%
47
47% 47%
52
8%
184
250
47%
228
'8%
8%
•8
6
IS
19
I
44%
4358
203% xl85 186
40
•39% 40
49
37»(i
28% 29%
72% 7355
16%
leijg
'
1
1
30
'
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan. 13
6,040 20% Jan. 2, 24% Jan.
2,415| 33
Jan. 2 4158 Jan.
60109 Jan. 2116% Jan.
1351 65% Jan.
5; 66
Jan.
10.815 21% Jan. 2 2958 Jan.
5,590! 6358 Jan. 2; 7358 Jan.
40106 Jan. 2 168 Jan.
2: 52% Jan.
1,090[ 60% Jan.
1001 29
Jan. 15' 30 Jan.
6,871| 1578 Jan. 27 17.>M Jan.
6%Jan. 12! 658 Jan.
2,929; 42
Jan. 26 48% Jan.
16225 Jan. 5 228 Jan.
1621
7% Jan. 2! 8% Jan.
112
66
•65"
13
19
19
13
14
9
5
Jan.
Jan.
Jan.
Jan.
.">7l8 Jan.
51
Jan.
24 Jan.
7 Jan.
20% Jan.
169 Jan.
86% Jan.
22 Jan.
84 Jan.
20 Jan.
46% Jan.
5079 Jan.
142 Jan.
20%
39%
93%
44
601| 49
21 140
23%
•37%
37% 88
•
232
14:
23
206
Jan.
551 81
Jan
34{ 17% Jan.
44% 44% •44% 45
60Sg 50%
50% 50%
141
23%
60
6
10 18%
165
99 83%
20
20
82%
19% 19%
82%
Inactive stoclcSi
.
And accrued Interest,
•SO
Thom.Europ.E.Weldir (Boston) 100
'•
Water Power
100
"
Westinghouse Elec.H
50
.
Cheshire preferred.. (Boston) .lool
Connecticut A Pass.
"
100 118
Connecticut River...
"
lOOi 215
Delaware A Bound Br.tPhUa.) .100
Har.Porta.Mt.JoyAL.
50!
•84
•81
Ask.
I
J
112
'
101*
42%
44 14
42
228
228
.100
(Bait.)
6,409
Jan. 13
Jan. 13
e
93%
130% Jan. 20
113% Jan. 17
205 Jan. 20
178 Jan. 28
34% Jan.
86% Jan.
2i
•19
Illffbert.
33% Jan. 13
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
16%
20
53% 54%
60% 50%
•84
-19%
139 ....
22% 23
37% 37%
*
Bid.
204
10% 19%
39%
86% 87
26% 26% 2678 2778 28
29
69% 69% 69 7g 70% 71% 72k
167% 167% 168 168
167% 167%
51% 5178 51% Sl'e 61% 52
30
^6^
179%
'
65% 65% •65% 66
29
Boston A Providence {Boston} .100: 256"
Camden A Atan tic pf. (i'AiVo.) 50, 30
Catawissa
"
50
7%
50'
Ist preferred
"
66
2d preferred
"
60
Central Ohio
(Ball.)
50 48
•'
Charl. Col. A Augusta
100
^ Uullstod.
83
82>a
6
92
J27
2 113
72 192
176
202 198
...
no sale was made..
Inactive Stocks.
Charlotte
66
7
82>4
8214
Ixrwest.
28%.'an.
14,087
204
204
204
19% 19%
112
Bid and aslced pnces
&
Shares.
8
....
•19
...
Latest rrices week ended Jan. 29.
Atlanta
Baoce of lAlea in 1891.
Week,
23% 23%
8
8
8%
We»ternN'.Y.APari'/n7n.;.100
8
8
iniKcellaiie4»aM 9itocks.
203 204
Bell Telciihnnc (lioslon). 100 204
204
203
40
Bo,"<t. A .>Iontaua
"
4018
40
40
40
25
"
15
•14%
ButteA Boston..
15
25 *14»ii 15
"
250 250 '245
Calumet A Hecla
25 '245 250
49 14
5012
Canton Co
rCaW.^.lOO •49
501a •49
'•
Consolidated Gas
47% •461a 471s 47
100 •47
Erie Telephone (Boston). 100
48% 49
49
481a 49
Lainaon Store 8er. "
23
22
22
22
50 •22
Lehi'hCoalANav Fhit / 50 4758 47^8 47% 48
4758
•51
N.EnK. Telephone fy?'>»C>U100 •51
51
52
51
North American. (rhil.).lOO
15»8 15%
15% 1538 1514
Sugar RetlnerlesU (Bosl^n)\00 771s 7712 771a 78
78%
Xhomson-H'nEl.lI "
25 43 14 43 1« 431a 43% 44
"
Preferred
Ho •2514 251a 25 14 25%
25%
IT
2II4 2178
West End Land... "
21 Tf, 22
2158
'
Friday
Jan.
93%
178
2(14
203 203'
•I8I9 191a •19
19%
•381a 39 la •38% 39%
88
88
86% 88°B
523g 53
64
54%
50
50
60
51
39»»
•20
81
50 Si's
"
Phlbiilel. A Erie.
50 29
"
Phlhi. A Reading
50 163,8
Bumniit Branch CBosfoH J. 50
'
Union I'aclHc
100 44 14
United Cos of y.J.rr/ii7n.;100 228
Peuiisjivania..
178
IWs
l»-8
•38I9
87»9
Sl'a
•10
20
'23>8 "2314
MexKMii
OldCnlony
•4
20418 201 '4 304
90
50 •I9I4 ...
LO 44>a 44>«
50 50ii 50<)b
).
29>8
93
201
178
201
204
178
203
204
179
204
100
100 •20
100
A
5i«
5>4
92
(B(Miton).\O0
Kltchtuiricpref.
Fl.
Wednesday,
113% 113%
A Allmiiy (Hoslon) 100
Boston
TueHdav,
135
100
100
'•
Monday,
20»ii
•.SI*
•92»»
& Ohio (Ball.). 100
2<1 |irofi>rrc<l
BoBloii
Sales
of the
Saturday,
Jan. 24.
Pitts.
105
103
WUm. Col. A Aug.,
111%112
120
I
1
112%
13r)%'137
129% 130
111%
123
126%
1905. Var 115
JAD
120
.
108%
101
68.. 1910,
MISCELLANEOUS.
Baltimore—City Hall 68 1900, Q—
1900. iy-J
FuBding68
West Maryl'd RB. 68..1902, JAJ
99%
110
110
108
80
100
West Vu. C. A P. 1st, 6 g. 1911, JAJ 108
Wesfn N.C. Cousol. 6 g.l914, JAJ
116%
118
A Conneiis. let 78. 1898, JAJ 113
,
,
I
I
1916, MAN 125
1916, MAN^
1930. JAJ
1900. JAD, 106%
1910, JiDi
99
1939, JAJ
6b
1913, AAO| 107
Equitable Gas.Gs
65
Virginia (State) 3s. new. 1933. JAJ
Water 58
Funding 5s
Exchange 3%8
Chesapeake Gas, 68
CoDBoL Gas, 68
120
'
1261a
1'23%
103i«
113%
1
100
110
00%
F
J
5
THE CHRONICLE.
198
NEW YORK STOCK EXCHANGE PR ICES
(Continued).
(salea) in
|0/o»'nfl Actn^f
,
- ACTIVE
1891
[VfL. Lll.
BONDS JAN.
Railkoad and Miscel. Bosds.
M
SO
53
14
75
78 J all.
At.Top-*S-F.— 100-JT.4g.l989 J & J 79%
4712 Jan.
48 'h
1989 fcept.
100-year income 5 g
1*2
Jau.
Atl. & i"ac.-\v. i). inc., 6».1910 ---...-- la^e
Jan.
72
19.i< J oc J 73^1).'
--—
Guaranteed tff ....
Brooklyn Elevated 1st 6, B.1924 A .^ Olll.J-2b. 10»»8Jau.
.Ian.
J!106;4b.
105
&
58.1908
J
Chd. Houtli.-l St (fuar..
1913M & 8 971.2b. OoifiJan.
2d 58
Jau.
11. 11
Q-J
119
Central of'K.'J.-U«ii». 7»..1899i
1902'M & N 121 b, 121 Jan.
C-ou8ol.,7s
1117
Jan.
tteueial moil Rage, 5 R...1987 J & J;1094i
Leli.&W.B..cou.78..a*'e<l.l900 Q-M 112 b. 112 Jan.
M
IN
99
1912
&
do niorft'a«e, .18
Am. Dock & imp., 58.... 1921 J & J "i.^ a. 106 Jan.
11218 Jan.
Central I'acitle-Gold 6,.. .1898 J & J l}-;'*
Ches. ti Ohio.-Mort. 6 g ..1911 A <fc O 114 b. 116 Jan.
951.2 Jan.
M
99%
1939
l8teon8ol. 5g
R.&A.DiT..latcon.,4g.l989|j & J| 80 a.
<»9>'2l).
67 Jan.
J
&
J
l8tcon.,2-4g.l989
do
68 Jan.
2d con., 4 g... 1989 J & J 71%
do
AJIOJ
104
Jan.
F
&
Ohee. O. &80. W.-6g....-.1911
OUlc. Burl. & Q.—Con. 7. -.1903 J & J! 123 b. 12112 Jan.
98'4
98^4
Jan.
1913
M
&
N(
Debenture 58
1922 F & A 91 I). 921* Jau.
Denver Division, 48
b.
«6
Jau.
M
86^
1927
&N|
Nebraska Extension 4s..
aic.&E. lU.— Ist, B.f., 68.1907 J & D 113 b. 113 Jan.
121
b.
120
Jan.
A
1934
<fe
O
Con8ol.6g
General <*6fl8ol. I8t, 58... 1937 M & Ni 98 a. 95 Jan.
87%a.
8319
Jan.
J
&
g.l937
J
l8t, 5
Chic. Gas. L.&
120 Jan.
CUc. Mil. & St. P.— Con. 78.1905 J & jll25
Jlli>a
110
Jan.
Cs..l909|J
&
let, SoiitliweatDiv.—
Jan.
let. So. Min. Div.— 68 ....1910 J & J, 11258b. 110
let.Ch.&Pac.W.Div.— 58.1921IJ & j;*io4 b. 104 Jan.
CMC. &Mo. Riv. Dlv.— 5s 1926] J & J; 97 b. 9512 Jan.
Wis. & Minn. Div.— 5 g...l92l!J & J 1*103 b. 101 Jan.
101 Jan.
1914!J
J103
Terminal, 5g
Gen. M.. 4 g.V series A.... 1989; J & JL^S^^. 84^8 Jan.
b. 107'i« Jan.
MUw.&North.—M. L.,6s.l910 J & D 109
1913 J & D 108i2b. 107 Jan.
l8t, con., 68
CHic.&N. W.-Consol. 78..1915 Q-F il39 b. 1381a Jan.
& D 127i4l>. 125 Jau.
gold.
78
1902JJ
Coupon,
1929;A & O 114 b.
Binkiugfundes
1929 A & O:107i4b. 105 Jau.
einkiug fund 58
BmktnKlunddeben.5e...l933IM & N|10f^^ 1061a Jan.
1909 M & N 105 b. 1041a Jau.
25-year debenture 5s
1926:f & Al 95 b. 961a Jau.
E«en8lou48
CWe. Peo. &8t. Loui8-5g.l928!M & fe! 99^b. 971a Jau.
^ 124 Jan.
CWe.R.I.&Pac— 68,conp.]917;J A J 1^<?,
I934'j & J ?8i8
Extension & coL 5s
96'e Jan.
0'95
b.
Chlc.St. L.& Pitt.-Con., 5 g.l 932 A &
Chic. St. P. M. ii 0.-63.. ..1930 J & D I16%b. 116 Jan.
Cleveland & Canton— 5 g..l917 J & J 87».2b. 871a Jan.
Jan.
C. C. C. & I.— ConsoL 7 g...l914 J & D '129 b. 129
1934 J & jni8 b. 117 Jan.
General consol. 6g
1900 F & A 104 b. 102 Jan.
Col. Coal &Iron— 6g
6912 Jan.
Colorado Midl'd— Cou. 4g..l940 F & A 70%
Jau.
Jan.
Jan.
Jau.
U2»4 Jan.
IO6I2 Jan.
98 Jan.
115 Jau.
I2LI4 Jan.
109% Jan.
113 Jau.
—
,
IO8I2 Jau.
11238 Jau.
117 Jan.
99% Jau.
>.
&N
70
Jan.
71% Jan.
1071a Jau.
123 Jan.
100^8 Jan.
95 Jan.
88% Jan.
113 Jan.
121 Jan.
981a Jau.
89 Jau.
125 Jau.
112 Jan.
II212 Jau.
1061a Jan.
98 Jan.
103 Jan.
102% Jan.
86 Jan.
109 Jan.
109 Jan.
1391a Jan.
126 14 Jan.
C—
& 8 85
80% Jan.
& Dl 85 b. 84 Jan.
& N 116iab. 116 Jau.
& J 811a 79 Jan.
Det,B.City&Alpenar-6g.l913iJ & 3, 94 b. 91 Jau.
Det,Mac.&M.— L'agrants.l91l|A &, 0\ 30 b. 291s Jan.
Dul. & Iron R>inge— 5s....l937 A & O 100 a. 95 Jan.
j' 9.38
Dul. 80. 8I1. & Atl.— 5g....l937 J
95 Jan.
E.Tenn. V.&G.— Con.,5g.l956,M & N 104 a. 101 Jau.
Knoiville& 01iio-6g...l92o J * J lOSiab. 103 14 Jan.
Bliz. Lex.&BigSan.— 6g..l902M & 8 93'ab. 90
Jau.
Ft. W. &Denv.City— 6g...l921 J & D ,104 a. 99f8 Jau.
93i« Jan.
Gal.H.<k8anAn.— W.Div.lBt,5g.lM & Nl 9368
Han.i8t.Jo3.—Cons. 68 ..1911 M & 8; US >• 114i4Jau.
Illinois Central— 4 g
1952 A & O 94i2b. 9612 Jan.
Int. & Gt. No.— l8t, 6g....l919M & N 113 b Ill
Jau.
Couptm, 6 g., trust rec. .1909 M & 8 72
72 Jau.
Iowa Central— 1st, 5 g
80''8 Jan.
1938 J
D 82
1987iJ & J 82
Kentucky Ceutral— 4 g
7812 Jan.
Kings Co. El.— l8t, 5 g
1925 J * J lOOisa. 99% Jan.
8212
Laclede Gas— l8t, 5g
1919; Q—
78 Jan.
Lake Erie West.— o g
i937'j "& J:109%b. IO512 .Jan.
Lak«81iore.-Cou.cp..lst,78.1900 J & J* 121%b. 120% Jau.
Consol. coup., 2d, 78
I903;J A D 123% J123 Jan.
Long island— let, con.,5g.l931' Q—J ill3 b. nysijau.
Geueral mortgage, 4 g... 1938 J & D 92 b. 90 Jan.
Louisv.&Nasbv.— Con.,7s.l898 A <k O 114%b. 113 jau.
N. O. AMob.— l8t, 6g...l930 J & J;117 b. 114 jan.
do
2d, 6 g
1930J dt J 109 a.
K. H. iN.-lst, 6g
1919 J & DlH ^-Wi^lan.
General. 6g
1930 J & D 11-1%''.; 11312 Jan.
Collateral trust, 5 g
1931 Mit N 102 14b. 101 Jan.
Xoute. N. A. &Ch.— let, 6S.1910 J & J lo8% |io(3 jau.
Consol., Hg
1916 A A: O 915bb. 84% Jan.
IX)Ul8.8t.L.&Texa»-6g..l917F ct A 8b
7^,
jau.
Metro. Elevated— Ist, 6 g.. 1908 J & J 112%b. inog j|,n
.2d, 68
1899M&NJ04 b.|]04 Jan.
Mifh.Cent.— let, con., 78..1902 M & N 123%l).ii.j2 Jan.
Consol.. OS
1902 M & N 108 b.iio7i4Jan.
IIU.Lake8b.4W.— lBt,6g.l92liM <& N 122%b. 118% Jau
«*^5'*?-* I'"P- * K
1929F & A 10l%b. 98 Jan.
-*IiK.&T.-l8l48,g
1990J & D 77%
74% Jau.
2d48. g
1990 F & A' 42%
36% Jan.
Mo. Paclflc— let, con., 6g.l920 M & N 108 b. I0514
Jau.
3d, 7e
1906:M <tN' ll4%b. 115 Jan.
Pac.of Mo.-l8t,eit.,4g.l938 F & A 100%a. 9914 Jan.
2d mort. 7«
..1891 J & J 100 b. 99% Jan.
Mobile A Ohio— I*ew, 6 g.. 1927 J & D 113 b. 112 Jan.
General mortgage, 4s.... 1938 M & 8 66%
63 Jan.
.Matual Union Tel.-6g....iuH M & N 104 b. 102 Jan.
WMh.Ch. 4 8t.U-l8t, 78.1913 J & J 126
125 Jan.
Con.ag
1928 A & O 105 b. 105% Jan.
„
107i2Jau.
lOK^s Jan.
10514 Jan.
100 Jan.
IOOI3 Jau.
12612 Jan.
9912 Jau.
88%
129
118
1(15
71
86
86
117
82
95
31
100
97%
<St
104
107
93
105
94
117
96%
115
76
84
I
.
i!.
82%
.
82% Jau.
10976 Jau.
;1223ij;„i
,124 Jau
'113
Jan.
92% Jan.
114% Jan.
!116 Jan.
iii% Jan!"
113%
Jau.
Jan.
Ill Jan.
91% Jan.
88 Jan.
1113% Jan.
105% Jan.
123% Jan.
I0714 Jan.
122% Jan.
101% Jan.
78 Jan.
44% Jan.
108 Jan.
115 Jan.
100 Jan.
100 Jan.
114% Jau.
66% Jan.
102 Jan.
126% Jan.
(103
1
I
Mote—' ^y^—n
105% J an.
.
""'"
'!LT"
^gW
'"^''
" "" *"'"* '"*"'
'•
•'"'
Jan.
Jan.
Jan.
Jau.
Jau.
Jan.
Jau.
Jau.
Jan.
Jau.
Jan.
Jau.
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
Jau.
100i4Jau.
iSi
I,
,
,
,
Price
J'"':'"*'
{Period. Jan.
M
M
1900 M
'*""'"
'"
""^^^ ""
Ist,
coupon., 7s..
5.s,
1
Bid.
Ask.
Railroad Bondg.
(Block Exchange Prictt.i
Alabama Mid.- 1st, g., 68
1928
Atlantic A: I>anr.— Ist g., 68. .1917
Atl. A- Par.- 2d W. D.,gu. 6*,.1U07
Bait. A Ohio— let, 68, Park
5», gold
Cons. mort.. gold. 58
n
,t-
•
ryf.
w
Ko price
1st.
,...
ii„«
U
1919
10.10
l"l"2""
""
>..ri
Pitts.- ipt, 6s
* V"
Jan.
8578 Jan.
Jan.
11081; Jan.
jllO'..
107
111% Jan.
106
60
58%
99
109
94
Jan.
Jan.
Jan.
Jan.
J.in.
106
I
'
no
\
I
M&
Ho
&D
.
U
C—
M
X
I
W^^^kT^
Bid.
3-58.191
Ask.
-l«t.Ss.iflnfl
30,
SECURITIES.
Bid.
Burl. Ced. Rap.&No.— (Coutiu'd)—
Consol. A-col!nt. trust, 5s. ..19.34
Minn.
95
97%
96%
1921 118%
tJonsolidafd l3t,6s.l922
f„,i
'^•"1 '*""
Friday; these are the latest quotatlona rtvle
tJil»;w6ek
95i2jan.
ineia Jau.
113 la Jan.
,
,
84
&
9li2Jan.
97 Jan.
I1414 Jau.
I
«n«
Roch.
n2i2Jan.
I
92
'^^'J*''''-''"'.
13712 Jan.
Jan.
Jau.
99% Jan.
105
117
Jan.
Jan.
1 01
Jan.
'10114 Jan.
70 Jan.
79% Jau.
22 Jan.
8118 Jan.
Istpref. income, 5 g
54%
53 Jan.
1958 Feb.
58 Jan.
SSiab. 34% Jan.
2dpref. income5g
1958! Fel).
38% Jan.
Sdpref. incomeSg
2714b. 27
30 Jan.
19581 Feb.
Jan.
Pittsburg & Western— 4 g.. 19171 J & Jl "^V^
75% Jan. 79% Jan,
Klcli.&Dauv.-Con.,6g...l915 J & J 117 b. 115 Jan. 1 18 Jan.
Consol., 5g
1936'A & O, 90 a. 89S8JaD.
91% Jan.
97i6 Jan. 100% Jan.
Rloh.&W.P.Ter.— Trust 6 g 1897 F & A 100%
Con. lst& col. trust, 5g.l914'M & 8; 73%
68% Jan. 73% Jan.
RloG. Western— lst,4g...l93yiJ & J 7514
74
75% Jan.
Jan.
"^
R. W. & Ogd.— Con., 5s. ...1922 A & O107
'
105
Jan. 107 Jan,
St. Jos. <fc Gr. Island— 6 g. 1925 M & N| 85
b.
86 Jan.
92% Jan.
8t. L. Alt. & T. H.— 1st, 7s. 1894 J & J|109%
Jan. 110 Jan.
2d,pref.,7s
1894 F & A 108 b. 107 Jan. 107 Jan.
8t.L.Ark.&Tex.— 1st, 6s, t'st. rec
80%
78% Jau. 81% Jan.
2d, 6s, 1936, tr. rec. all ass.pd.
19 b.| 19 Jan.
21 Jan.
St. L. A- Iron Sit.- 1st, 7a..l892'F & A 1 05 b. 1104 14 Jau.
105 Jan.
2d, 7 g
1897IM & N 106 b. 105 Jap 107 Jan.
Cairo & Fulton— 1st, 7 g. 1891'
98i4Jan. IOOI4 Jan.
& J 10014
CalroArk. ATexas- 7g .1897!j &. D''I05 I). 103% Jan. 105% Jau.
Gen.R'y&landgr.,5g..l93llA & O 9278
93% Jan.
91%JaD.
8t.L.&8anFr.— 6g.,Cl. A.iyiMJ M & N'Ul b. 110 Jan. 110 Jau.
b. Ill
6g., ClassB
1906
N
111%
Jan.
Jan.
6g., Class C
1906 M & Nilll% 111 Jan. lll^s Jan.
General mon., 6 g
1931 J & jUOS b 108 Jan. 110 Jan.
8. P.M. AM. -Dak. Ext., 6g.iyi0 M & 1111614b. 115
118 Jan.
Jai
iBtconsol ,6g.
& J*,115%b.ill4% Jan. 115% Jan.
Do
reduced to 4% g
99 b.!
_,
&
J
.
Montana Extension 4 g.. 1937 J
85 b 80 Jan.
87 Jan.
8anA. &Ai-au. P.— 1st, 6g.]916 J & J 6758b. 62 Jar. 67 Jan.
l8t,6g
1926 J & J'64 b. 62 Jiin.
66 Jan.
8hen.Val.— l8t,7g.,Tr. rec.l90y
128 b. 126% Jar. 128% Jan.
57i8b. 6II4 Jan.
Qen'16g., Tr. rec. as3't'd.l921
61 14 Jan.
So. Cai'. —1st, 6 g., ex coup 1920
105 b. 103 Jau. 103 Jan.
Income, 6s
'•12%b.
14 Jan.
1931
13 Jau.
80. Pac., Ariz.— 6 g
1909-lo'j & Jjl03 b. 102 Jau. 103 14 Jan.
So.Paoittc.Cal.- 6g....l905-12> & o'll2 b. 112 Jau. 112
Jan.
Ist, consol., gold, 5 g....l938 A & O 100 b. 99
Jau. 101
Jan.
80. Pacitic, N.k.-6g
102i4Jap. 103% Jan.
1911'J & J 103
Tenn.C.L&Ry.— Ten.D.,l3t,0g A & O 93
94 Jan.
86 Jan.
Blrm. Div.. 6g
1917 J & J 95
93 Jan.
96% Jan.
Tex. & Pac— Ist, 5 g
2000 J & D 89
85% Jau. 8973 Jan,
2d, income, 5 g
20OO March. 33%
31 Jan.
35 >4 Jan.
Tol. A. A. & N. M.— 6 fi. . . 1924 iM & N 90 b. 93
Jau.
95% Jan.
Tol. A A. & Gr. Tr.-6 g. . . 1 92 1 J & J 104 b. 105
Jau. IO514 Jan.
Tol. & Ohio Cent.— 5 g
1935 J ti, J|105 b.;i02SgJau 107% Jau.
Tol. Pco. & West.- 4 g
1 91 7 J
& J 74%b.| 74 Jan. 77 Jau.
Tol. St.
& Kan.
6g..iyio J .fe D' 87%0. 83% Jan.
91 Jan.
UnlonPaciHc— 6g
1899 J & J 113''8b.!ll3% Jan. 113% Jau.
Slukinefuud. 88
...1893M& S110%b.il08 Ja.. Ill Jan.
Collat. trust 1%..
1918 M & NI 70
72 Jan.
TO Jaf.
Kansas PaciUc-lst, 6 g!! 1895 F & A'll0%b. 110% Jan! Ill Jan.
l8t,6g...
189(iJ & D 110 b.i
DenverDlv.— 6 g
isyy ,M Ai JS' 1 1 1 b, Ill Jau. ill'" Jan!"
l8tconsol..6g
1919 M & N|110% 108 Jan. 110% Jan.
Oregon Short Line— 6 g.. 1922 F & a|i06 b 102% Jau. 106% Jan.
Or.S.L.ctUt'hN.— Cou.5g.l91SI A & Ol 78 a, 77% Jan.
80 Jan.
U.P.Den.&Gulf con. 5g.l939 J & D 79
82 Jan.
78 Jar.
Union Elevated- 6 g
1937 M & n!109 b. 106 Jan. 109% Jan.
VirginlaMld.— Gen. m.,53, 1936 -M & Nl 83 b. 81 Jau.
85 Jan.
do
stamped guar.
& N 84 b. 83 Jan. 86% Jan.
Wabash— 1st, 5 g
101
.1939 M &
101
98 Jar.
14 Jan.
2d mortgage, 5 g
1939 F & A 71%
73% Jau. 77% ,Tao,
Debeut. M., sei-ies B
1939 J
J 30 b. 32 Jan.
35 Jan.
West Shore— Guar.. 4s
2361 J
J 102% 100 Jan. 103 Jan.
West. N. Y. & Pa.— l8t, 5 g. 1937 J
J 99%
96 Jan.
99% Jan.
2d mort., 3g., 5sc
1927 A
33
30% Jau. 34% Jan.
West. Uu. Tel.— Col. tr., 53. 1938 J
99
9914 J»n.
98 Jan.
Wis. Cent, Co.— Ist, 5g
1937 J
94%b. 95 Jan.
97 Jan.
Income, 5 g
1937'
42 b. 34% Jau.
45 Jan.
fro^actual sales only. * L atest price t
A Ohio-(Continued)-
V
"9313 Jan!"
'112i2Jau.
132 Jan.
i
.1919
7?i"lMV,?V
oeiii Ohio Reor.-ist, 4%a.l930
i^?^^'^•"*~l«'• K"'<1. 4s. ...1936
^^\\^- ^!'.V- * W.-Deb. 58.1913
"U*'
Jan.
1
I
I
i"l"5""
Jan.
127% Jan.
110
|
l!;tK"'U--.g.. 5s.
19251 111
198S!
;
'
SECURITIES.
Baltimore
102
..1903 J
884. .1904
.
Bighesl.
I
Central— Extend., 58 1893
Deben.
1§91
.
Lowest.
& N 101 ''sb. 101%Jau.
& J 126%b. 127 Jan,
&
S 109 b. 109 Jan.
coun.,
,N. Y. & Harlem— 7s, reg.
& N 21i2b.
N. Y. CUic. & 8t, L.-4g.. .1937 A & O 95
91 Jau.
N. Y. Elevated— 7s
.1906 J & J 112 b Ill JaiT.
N. Y. Lack. & \V.— Ist. 6s .1921 J & J 125 b 127% Jau.
Construction, 58
1923 P & A HI
N.Y. L.E. & W.— lst,con.7g.l92U II & 8 *137 b. 133 Jivu.
Long Dock, 78
1893 J & D 106 b. 105 Jun.
Consol., 6 g
1935 A & o I155eb. 115 Jan.
2dcousol.,6g
1969J & D 99
9658Jan.
N. Y.Ont.&W.— I8t,6g...l914 M & 8 H2ia
111%Jan.
Consol. l8t, 5 g
1939J & D, 93
92%Jau.
94 Jar.
N.Y.8u8.<feW.-lstref..5g.l937*J & J 97
Midlandof >-. J.-6g
1910'A & O 113i.2b. 112 Jar.
Nort. &W.—100-year, 5 g.l990|J & J 93 b. 93 Jau.
North.Pac— Ist, coup.,6g.l92l'j & jHeU 113 J:iu.
General, 2d, coup., 6g...l933'A & O llSiab. 110% Jau.
General,3d,coup. 6g....l937|J & D HO's |107iaJan,
Consol mort. 5, g
82 Jan.
1989 J &D 85%
NorthPac. & Mon.— 6 g...l93s'M & 8 *I06 b. 104 Jau.
No. PacillcTer. Co.— 6 g...l933ij & J 106 b.!l05 Jan.
Ohlo&Mlas.— Cona.s.f.— 7.1898iJ & J lll%b,
Consol., 78
.1898' J & J lH%b. llliiJan.
Ohio Soutliem- 1st, 6 g ..1921|J &. D 105 b. 103% Jan.
General mort., 4 g
..192i!m & N 5914
55 Jan.
Omaba & St. Louis—4 g ..193:lj & Ji 57
53 Jan.
Oregon Imp. Co.— Ist, 6 :..1910 J & D 98
90 Jan.
Ore. R. &Nav. Co.— Ist, g. 1909! J & 3 107
107% Jan.
Cqn80l.,5 g
92 Jan.
1925 J &D 93
Penn. Co. —412 g., coupon 1921' J & J 105
105 1« Jan.
Peo.Dec. AEvansv.- 6g..l920'J & J 101
100 Jan.
Evansville Div.— 6 g
95 Jm.
;920;m & 8 101
2dmort.,5g
1926IM & N, 69
66 Jan.
Peoria & East, consol. 4s.. 19401 A & O 78%
75% Jan.
Income,48
21 a. 18 Jan.
1990; April.
Phlla-dtKead.— Gen.,4g-.1958;J & J, Vgia
78% Jan.
«."!(.
,
I
1,
(sales) in 1891.
i
30
YORK STOCK EXCHANGE PRI CES-(ContiBnedl.-fiV.lCT/F;?
BONDS-JANUARY
BECURITIES.
JAX.
Range
OioD'H!)
.
119
Coi.H.Val. &T0I.— Con.5g.l93rM
1904|J
General, 6 g
Denver & Rio Gr.-lst, 7 g. 1900 'm
1936lJ
l8tconR0l.,4 g
.
AND SINCE
80,
,
111
97
Iowa
Ced.
90
&
St.
L.— Ist,
7s,
Ask.
85%
gu..l927 112
& West,— 1st, 7s.. ..1909
Rap. 1. F. & N., 1st, 6s.l920
1st,
C.
5s
1921
C.Ohio— ;ol. &Cln.M.lst,4%8.1939
Cent. RR. & Bank.— Col. g.5s.l937
95
112% Sav.&Wcst.— l8tcon.gtd.58.1929 84% 85
97% Opnt, of N. J.— Couv. deb., lis 1908 100
—
Jandaby
6
NEW YORK STOCK EXCHANGE
8KCURITIE8.
Bid.
"hrwuf
(J,
e.n
r,
|-.r.,t!«
-acr. 11.08...
I
M.
I.ir
(T
;,
\V.
N...
K.nlH
IV
v.iir
S*
.-.(I
OaLH. A8.
Louis, \2:\.-^
8;
iGranil
Oreeu
1000*100
iHoa'ioo
:
110
1
•••
lis
119
••••
8U
IDOOl'llS'fl
tmie.— lBt,79.1>i94j lOB^
1H94 108
<-,l),79
Mil). 79
1898
V
-M. Liiar. il«8),7a
1898!
MlRs.H. llH(IiC»—l»t,8.f., 08.10121
Ohio. liiirl. A Nor.— I>eli.08...1H90
Ohir. HiirlhiK. A Q.—58, ». f..l001l
Iowa niv.— Sink, fund, 5».. 1019
D
D
1808
1902
78.1893 107
1897 112
LA
1899 114
Ut,C. AM., 78
1903 120%
let, I. A D. Ext«naloD, 78.
1908
Ist, La C. A Dav., 5s
1919 100 >4
La
('rosso Ulvlslon,
l8t,L& .M.,7»
1st,
D., 78
. .
A U., 78
A D., 58
A Paoiflo
A
ir.
Inl
<ls
ilin.
W. \>\.
I',
l9t. IT.
L',
lid ."is....
•
"-
1037
""
Northern III.— 1st, Ss
1910
O.R.I.AP.-D.M.&F.D..l8t4.>'.li)05
l9t, 2ia«
iis"
i24>^
1231s
A D.—Con.8. f.,
7.^. r:ii
Div., Ist g. 4a
Do
115
i23'
90
62 •«
70
iVs'
"
Ooluiul.ut J;
2d,tis.
Del. Lack. A
8vra.
Morri.sA Essex— l«t, 73
1914 *140
1891 104% 10479!
r;'~,*-4
lii'uds,
78
......1900 ni5
/sof 1871
120
1901
l8t, eon., (?uar., 78
I37I2:
1915
Del. A Uud. Cau.— lat, ex. 78.1891 lulls
I
Coupon, 78
1894 no's iii'
1917 142
ra. Div., coui>., 7a
AJbnuy A
8u,s<i.— I»t,)ni.,7s.l906
1st, eons., (Tuar., 68;
1906
Bens.
A Sur.— 1st,
119
eoup., 7s.l921
Denver City Cable-lst, 68...19U8
Denv. A R. O.— Imp.,g., 5s. ..1928
95
83
78.. .1900 110
1930 106
'*'^- ^^ tia-—
l8t,
"vJ*?*;Divisional 5s
Ist e.xt..)fold. 58
!."l937
Eq.&lmii.,)t.,5s
1938
Moliil., A Birni.— lst,K.,5s..]937
85
Alaliama Central— Ist Os... 1918
Erie— Ist. extended, 78
1897 114
2d, extended, .59
1919 115
3d, extended, 4>a.s
1923 108 >4
4tU, extended, !>s
" 1 o-^o 113
Sth. extended, 4«
19'"8 100%
1st, cons., fd. coup., 78...!! 1020
Reorg., Ist lien, 6s..
1908 ioa"
1016|-132
g-?^'V^-l»>.78
>. ^ L. K. A W .— CoL tr.,69.1 922 riOO
Funilcdeonp.,58
1969 80
Ineoiue, 63
1977
Butf. A 8. W.-Mortg. 6s!!!!l908' 101
Jcflerson— 1st, gn. r. 58 ....1909 102
]
i'si"
1211s
147
100
110
83
I
95
A
Erie, l3t,g.,4-59.1982i
1982' 25
IiH'oiiie, 58
Ei;r. 1,
spiinxa
lst,69.g.l!i33
i;\ uiV t'.H.— l9t,eoua.,68..I921'
R'y—
1
Ml.
\cnion— lst68
Evans.
FUnt A
114
19231
A
Iiidiau.— Isl, cons. .1926 *!.!.!!
P. .Muri|.— .Mort., 69. ..1920 II919
1st eon. gold, 5s
19391
Port Hiuou-Ul,58
1939
A Pen.— l8t g. 58.. ..1918
Oal.Har.A8un Ant
«r. lu 1 91 n
ria. Ceu.
I
iTl
103
85
92 13
...,;
90
*
*
99
95
106
88
Scioto Val.
104
87
A
1908
1957
.^)s
X.
K.— 1st, 48
,19i)0
!
1 .is
w
-ek.
•
«•*
"id"
103
—
Bellcv.
Bellev.
A 80. 111.— Isl,
A Car.— Ist, 68
"36"
75
"se"
8s...i89(i rill
I
;
107
86
103
42's
87"
1
'
-JO
oi!
115
116
100
'
102
106 12
77
77%
88%
&V. B.Bg.— lat,
68...1910
116
117
115
.
1041s
100
Ft. 8.
Paul A Duluth— l8t,58....193] I'lOS
2d mortgage 5s
1917 100
St. Paul Mluu A M.— Ist, 7s.. 1909
1909 •110%
2d mort., 6s
Minneap. Union— 1st, 68. ...1922
Mont. Cfen. — Ist, guar., 69. .1937, •iii'
East. Minn., lat dlv. 1st 5s. 1908 "101
San Fran. A N. P.— Ist, g., .5s.l919
Shenandoah Valley— Inc., 69.1923
15
Sodus Bay A 80.— 1st, 5s, g. .1924
63
1931
,8i)iilh Carolina - 2U, 68
93
So. Pac. Coast— 1st, guar.,4s.l937
Texas Central- 1st, s. f., 7s. .1909
1911
1st mortgage, 78
iTexaa A New Orleans— 1 st,79. 1905 110
St.
1
107
103
.
431a
1912
Sabine Division, 1st, 6s
A Pac, E. Div.— Ist, 68.1905 IO9I3
Third Avenue (N.Y).— 1st os, 1937, 110
HI
1917
861^4 87^
ToL A. A. A Cad.— 63
95
1919
Toi. A. A. A Mt. Pi.- 63
1896 10914
Union Pacific- Ist, 6s
1897 llO's
122
Ist, 68
Ist, 68
189di 1123b
1131s
1908 • 00
Collateral Trust, 63
101
77>9
Collateral Trust, 5s
1907i
1895 100
C. Br. U. P.— P. c.,78
87'"
115
Atch. Col. A Pac— 1st, 6s.. .1905,
Atch. J. Co. A W.— lat, 6s. IOO."120
102
U. P. Liu. A Col.— l8t.g.,3s. 191<
104
j
ibiia 103
93
"m
111
125
iTex.
.
.
Oreg.S.L.AU.N..col.trst.,5s.l91y
76
77
Utah & North.— 1st, "a
190s 100
Gold, 58
1926L
Utah Southei-n- Gen., 7a...l909 103
190y 100
Exten., 1st, 7s
104
Valley R'y Co. of O.— Con. 68.1921
Wabash— Deb. M., series "A". 1939
1.895 107
No. Missouri— 1 St, 7s
St.L.K.C.&N.— R.E.ARR.7S.1S95 IO714'
St.CharlesBr'ge- Ist.Oa. . 19D^ 105
West. Va. C. A Pitts.— lat, 6s. 1911 "100
8OI4 Wheel.AL.E.— Ist. 5s, gold... 1926,' 106
loeis
19281 ....
(W.D.)-U.K.,58
114
110
.
.lliDcelluneuiislIouds.
Am. Water W fo,— 1st 63....
100
105
105
104
119
113
Bo.ston Un. Ga-s-Tr. cer. 58. .1939
rniic.Jun.AS.Y'd9.-Col.t.g,5s,191?!
Cahaba Coal Min.— Istg. 7s. .1907
Col. A Hock. Coal A I.—6s,g..iyi7
110
"si'
Co.,
100
9S
lOlia
— Ist
Chicago
97>a
90
Couaol'n Coal— Convert. 6s... 1897
iConsumcrs Gas
108
1907|'
1907.*
Istcon., goki, 53
1936
guar. 5s
83 1» Edison Eiec 111. Co.— 1st, 5s. 1910
1905
Equitable G. A F.— Ist 6s
G'nd Riv. CI. ACoke.— Istg. 68.1919
ibe'
tlackeusack Water— lat, 3s..l92u;
104
122 Iflenderaon Bridge— lat g. 6a. 1931
1901
Iron Steamboat Co.—(>s
102
,
ATel.— I8t,8.f.g.5s..l918
Mfg.— 1st, 69,1920
N.Y. A Perry C A I.— 1 st. g. 68,1920
106 i-i iMet. Tel.
106
106
Nation'; Starch
.Vorthwesiern Telegraiih— 7o, 1904
People's Gaa A Coke ) lat g.6a,l 904
Co..
Chicago
52dg.6s,1904
•
95
Philadelphia Co.— lata. f. 6s.l89»l
West. Union Tel.— 73... 1S75-19(X': 112
Woodstock Iron— Ist. g.Os... 1910;
(Jiillolod Boudai.
90
Ala.AVicka.-Consol.5g., 1 921.A40
70
•2d M., income till •94. 1921. .AAOl
1
97
741s
Oreg. RyANav.-Col.tr. g..5s.l919i
1221s Penn.RR.-P.C.A.S.L.-l8t,c.,78.1900' 117
IO2I3
PItt.s. Ft. W. A C.— l8t, 78.. .1912:
100 14
1912;
2d, 78
1912' 133
100
3d, 7a
ri»v. A P.-('"'s s, fd.. Ts.iciM
ihiae are the latest quotations m.ide
ii"
. . .
99
74%
Vlcks. A .Merld..l8t 69, 1921.AAO
Ogd. A Lake Ch.— l.stcon. 68..192t)
Atlanta A Charl.— 1st 79,1907.JAJ
Unio A Miss— 2d cousol. 78.. .1911 il6
Springlleld Div.— Ist 78
1905
iio" ComstockTun.— Inc.ls, 1919..MAN,
Georgia Pac— 1st 68, 1922. ...JAJ
(Jencral.'iH
1932
AAO,
Cousol. 5g 1923
1936
Ohio River RR.-l.St. 58
AAO
Iucome,5g. 1923
19371
General mort., gold, 59
U0U8. A Tex. Cent.— Ist g. 58.1937
96
Oregon A Calirornlu— Ist, 5s. 1927' 94
1912
2d, g. 68
Oregon Iniji't— Cons., g. 5s... 1939 691s
.
iij"
1910
Rich. A Dniiv.— Debenture 6s. 1927 iijiii
Equip. M. 9. f., g.. 58
1909
Atl. & Char.— l8t, pref., 78. :i 897 100
1900
do.
Income, 0».
RloOr. Junct.,l8t,giiar.,g.,5s.l938
Rome Wat. A Og.— lat M., 78. 1891 idiis
1925
|St. Jos. A Gr. Is.— 2d Inc
Kan. C. A Oninba 1st, 5s.. 1927,
io.V
8t. L. A. A r.U-2d m. iiic.7s.l894
-^
Dividend bonds
1894i 52
,
118
112
110
-•••«
—
1923
106
Chi.St.L.APad.—l»t,gd.g.58 1917 "101
115i« iieii
St. Louis So.— 1st, g<f.g. 48.1931 • 80
86
130
do
2dincome,59.1931 « 40
I16%,117''e
Car. A Shawt.— 1st g. 48
1932l'> 80
105 1081s iSt. L. A L M.— Ark. Br.,l8t,7s.l395 105 108
IO2I4
St. Lou A S.Fran.— Equip., 78,1895 100 Is
97J»
1931
98
General 58
1987
117 118
Ist, trust, gold, 5s
86
Kan. City A 8.— 1st, 6s, g...l916,
98'"
461s
N. Y. Susq. A West.— 2d, 4i2S.1937
74
1940 82
Gen. mort., 5s, g
NortU'n Paciilc— Divid'dacrlp ext. 103
James River Val.— 1st, S8...1036 *103
Spokane A Pal.— 1 at, Ss
1936 101
St.P.iul A N. P.— (ien., 6s.. 1923
HeleuaAUcdM'n-lat,g.,6s.l937 ioOie
DulutliAMauitolia- l9t,g.6sl93(i 105^8
E<iuipu»iit,.')S
Clinch Val. 1st
83
75
;
(Vtn.g.msAlolOl
1
A
74>s
,
137
112"
00
29
-1
:,
11(211
I
'
193.«
Gen. l8l,g.,6s
Cent. Washington— lst,g.,68.1938
iNorfolk A West.- <ieneral,08.1931
idi%' Now River, l.sl, 6s
1932
135
1934
Imp. A Ext,, (is
1924
Adiustmeiit .M., 7s
;
prof, roiivert
III
A
105
I^.IS
Missouri Pacilii— Irnst 5s. ..1917
Mobile A Ohio-lst ,xt., 68...1927
1931
St. L. & Cairo- Is, .-uar
1920
Morgan's La. A T.— Ist, 6s
1918
Ist, 78.
Nash. Chat. A St. L.— 2d, 68..1901
New Orleans A Gulf- Ist, 68 .1926
N. O. A. No. E.— Pr. I., g., 68.. 1915
1905
N. Y. Cent.— Dell. ir. Is
N. J. .Timetlou—(iiiar. 1st, 49.1986
1st.
reg.
18.1903
N. Y. N. H. A H.—
N. Y. A Northern-lst. g.. 58.1927
1927
2d, 4s
IstJ.i
lion-
2d Income, 6s
1951
iVois
.
Chicairo
93
lU
Did.AMan Dak.Dlv.— Ist6ii.l937 103% 104
Coiurd' Alone— ist, 68, gold. 191
i'ltfia
I
A
108
Mo.K.AT.— K.C.Al". lst,4s,g.I9U0
W.— CoiiircVt.'7s',18i(2! 103%
iy07 12s
BiuK. A N. Y.— Ist, 7s.l906 131
Morti;af.'e 7s
I'.i.-
A
85%
'
\-()old, 5S...1938 109 Hi
lid— l8t,K., 6S.1936 106
108
Uieou.— 1st, 69.. 1916 iOO 109
80
1926
87
107 ir
Pills. Clevc.
Toi.— 1st, 6s..:iU22
Pitta. Junction -1st Os
I !)-,;2
J'llt.s. Me. K.
li)3i.'
Y. lat 6s
Pitts. Palnsv. A F.— Ist, 5s. ..1916
PitU. Y.
Aah.— Consol. 5s. .1927
Presc't
Ariz. Cent. Ist, 69,g. 1916J
105
120
68.1927
85
1917
1917
2d, income, 68, "B"
Michigan Central—68
1909 >118
Coupon, 5s
1931
1940
Mortga.ge 48
1801 IO214
Jack. Lan. A .Sag.— 6s
Mil. L. 8.AW.— 'ouv. deb., 59. 1907 100 Is
1924 113
Mich. Dlv., 1st, Us
Ashland Division— Ist, 68 ..1925 115
Inoomcs
102
Minn. A St. L.— 1st, g. 78
1927 10314
Iowa Ext nslon, Ist, 78.
1909 9014
2dmortg., 73
.-..1891
53
SouthwestExt.— 1st, 78
1910
Pacitlc Ext.— 1st, (Is
1921
90
Impr. A equipment. 6»
1922
Minn. APac- lal murtg., 58.1936
Minn.S.Ste.M.AAtl.- Ist. 53.1926
lien, 78
Mexican National— Ist, g.,
income,
Gs,
"A"
2d,
0'
:
PI lis.
iid
t*en.niorl.(is.Tiiisi riL'cli)ts.l925
llllllolaCculiiil -Nl, g., 48. -.1951
l»t, gold, itius
1951
Istcon. Tcnu
8.1905
Peon:' v
Phil.
Pens.
106
2d, gold. 4»2S
1937
Cin. I. St. L.A Chic— l8t,K.,4s.l936
Consol,, Oa
1920
Ctn. latk. A .Mae.— 1st, «., 5s 1936
C.C.C. A St. L.. Cairo div.—Is, 1939
Ol.OiI. (ill. ,v Ind.— 1st, 7s,9.f.l899
t""
fund, 7s
1914
Ohlodid.AW
04 111
2il
& At.- Ist, 68, gold... 1921
Nash. Flor. A S 1st gii. 58.,1937
Lou.N.Alh.ACli.-(icu.m.g.5s.l940
Lou. N. O. A Tex.-l8t, Is.. ..1934
1934
2d mort., 53
Memphis A Charl.— Os, gold.. 1924
115
1905
1905
Kxteiislon, 48
Ki'okiik A Des M.— I8t,5s..l923
90
Ohlc. St. P A Kan. City—as. . 1936
Minn. A N. W.— 1st, g., ,58..1!)34
Ohlc. St. P. A .Minn.- I.st,,6s...l918 123
8t. Paul AS. U.— Ist, 6s
1919 •123
Ohio. A \V. Ind.— l8t, 8. t., 68.1919 •106
Gfucnil niorleago, 68
1932
CI*''
1
A 8. C.-2d Dlv., 7g... 1894
Ced. Falls A Minn.— Ist, 7b.. 1907
Ind. D. A Spr.— 1st 7a, ex. op.l906
1947
Ind. Doe. A West.- .M. 6s
1948
2d M.,lnc. 5». trust rec
Inter. & Gt. Nor.— Coup. 68.. .1909
Kanawha & Mich.— Mort. 4s. 1990
Kan. C.Wvan.A N.W.— l8t,68.1938
L. 8h. A M. 80.— C. P.AA.—78.1892
Buff. & Er.— .Vcw bouds, 78.1898
1906
Det. M. AT.-lst, 73
Lake Shore— Dlv. bonds, 7s. 1899
Mabon'g Coal KU. -Ist. 68.1934
Lehigh v., N.Y.—l-t gu.g,4>aa.l940
IJtohf. C'ar.A\Vest.-l8t68.g.l916
Ix)ngr8laiiil— lst,7s
1898
N. Y. A Ifwav B.— Ist, g. 59. 1 927
124
109
113
4tM,Hliik.ruiid
St. L.V.
1
110
•'
~
1:1.'.
1st Wiico A Nor.
2din.8M.M. 1. TnHi ncelpla. 11113
Hemp
Bid.
Pennsylvania HR.—(Cnit.j
Hons.ATex.C — IWo«t Dlv.
30.
AT. II.—lst,«».,7
2il,78
2d, guar., 7s
271s Peo.AE.-liid.lt.AW.-l
MiiiM. jiaid-
:ill
HousiHoulc— (i.iis.
N. Haven A Di-rl.'
'
A Milwaukee— I9t, 78.1898 II414
Win. A St. P.— 2d, 7s
1907 130
Mil. A Mad.— 1st, 6s
1905 112
Ott. C. F. A St. P.— Ist, 58. .1909 106
100
I
Div., 68.. 1910
Chle.
Oin Ilau}.
'
SECURITIES.
A*k.
"oh"
00
HO
-1st 08 .1911
1927
2dmortg., inc
1910 119%
SralthtowiiAPL.Teff.- l8t,78 1901
1910 99
115 118
Louis.Evan.s.A St. I,.— Con.5s.l939
9Uii Louis. & Nash.-Ceeil. Br, 78.1907
Mininvl Point I)iv. 5s
1010
19'.;0
G. A L. Sup. Dlv., ,58
Pensacola Division, 6b
1921
Fartco A .South., 6s, A9SU...1924 110
St. Louis Diviaiou, Ist, 68...1!l'-l
Inc. conv. aink. fund, Ss
1980
2d, 38
1916
Dakota A (It. South., 58. ...1910
Nashv. A Decatur— l8t, 78.. 1900
Ohlc.AN.W.— i;.sc.AL.S.l8t,(S.s.l901 loe
1910;
8. f.,6s.—8. A N. Ala
Des M. A .Minn.— l8t, 78. ...1907 121
1924
10-40, gold, 6s
Iowa Midland— 1st, 8s
1937
,50 vear 59, g.,
1900 126 "a
Peniu-sula— 1st, conv., 7»...1«98 115
I940i
Unified, gold. Is
Ist.TH.
Chiiat'o
00
78..1905
1931
1927
.7s. .1921
Dub.
105
100
103>4 109
101 >» 103
8liikin(,'fmid,.l8
1919 9258
86
90
Plain, i*
1921
97 "a 971a
Ohio. A' Indiana Coal—l8t 58. 1936
121>9
Ohl. .Mil. A- St. P.— l8t,88,P.D.1898
l8t.
Uii|).
11.
lis
It,
Kill.
Bid.
Spiingr. Dlv.— Conn., 6b.... 1898
1921
Middle Dlv.— Reg., 5s.
O.St, L. AN. O. -Ten, I. ,78. 1897
1897
l8t, 0on9ol,,79
1907
2d, 68
1951
Gold, Ss, couiion
1103 104>9
1003 120
fund. 0«
Mo. Rlvor-l8t,78.11M)oi 11»
2d. 7 3-lO.s, P.
Ist, 7s, $it.. R.
1
169
,
Alton— 1st, 7s
•
A.-.'.i uiort.,
l>lv..'Jd
A
2il Inviinic,
101
idi'l
11)38 '100
fiind,«8.18i)8| Ill's 113««
i).-Piir. M.
.icrlM A
1008
Oics. (.. A- So. Went.— id, 08.. 1 Oil
Slnliin^-
lOllla
110!%
102
ii):m*
lOOO' OOili 1C1%I
(Is. L-iil.l.
CtilciiL-.. .V
W08t.
On, So.
108
Hoiia.<. ex.... 181(9' 107
a'ol.)-l»t,0».li)O7l
A
Oho:'.
11;
BONDS—(ContinwdJ-JANUARY
BECUKITIEa.
Prtrrt.)
(lolilhd«,69. 1«I15
i.
l«!10
181)7
^
O,
PTllCKS.- 1.\ACTIVE
Aak.
KnnA*,'-fCout.J
Rallrnn)!
I
THE CHRONICLK
81, 18»1,]
Cent
'
90
142
141
1136
Litth'
K.AMcm.-
Ist 5g, 1937.
MAS
96
117
28
109
73
17
100!
104
67
Mem.ACiiart.- Cou9.7g.,1915.JAJ 110
25
N.Y. A G'd Lake— IstOs, 1908.FAA
FAA
6
•2dmort.,(>8, 1908
St L.Aik.ATex.-lst4».Whenlssu^d' 69'
-1
's. hi.nii..-.
wh.
II
i^-i/d
a:v
95
80
100
120
..
.
..
,
THE CHRONICLE.
200
[Vol. LU.
Latest Earnings Jiejjorted.
AKD
Flor. Cent.&P.
Ft. W.
Bio (Jr.
Ga. Car' la
No.
3dwkJan.
&
The Investors" Supplement, a pamphlet of 150 pages
contains extended tables of the Funded Debt of States and
Oities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
other month viz., January, March, May, July, September
—
and November, and
is furnished without extra charge to all
regular subscribers of the Chronicle. Extra copies are sold
to subscribers of the Chronicle at 50 cents each, and to others
at $1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are published on the third
Saturday of each month.
Latest Earninge Seporled.
WeekorMo'BOor'91.
BOADS.
Alabama
MJill'd November,
Alab'ma Mincr'l November.
Allesbeny Val.. November.
48.393
19,439
213.27H
510,038
32,716
542,754
108,160
32,093
140,253
683,006
160.503
14,503
52,622
i
wk Jan.
wk Jan.j
3d wk Jan.
Atch.T.&S.Fe.,
Hall owned
3(1
3cl
. . .
Total Rv.stem.
BtL.&SanF.. SdwkJan.'
3dwk Jan.
wk Jan.
3d wk Jan.
Half owned-.
Tot.S.L.&S.F. 3d
Aep. total
Atlanta & Char.
Atlanta & Flor'a
Atlanta &W.Pt.
B.&O.EastLinea
Western Lines
. .
October
.
.
December.
December.
December. 1,539,632
December. 482,395
Total
December. 2,022,027
Bal.&O.Southw. 3d wk Jan.
42,274
Bait. iV Potomac December.
138,376
Bath&Ham'dpt
Jan. 1
to
Latest Date.
1889oc'90
..
.
.
.
.
.
.
.
I
. .
2,385,787
1,501,166
80,975
1,582.140
295,003
79,156
374,158
1,956,299
1,371,161
136,770
479,946
18,659,915
5,668,744
24,328.658
121.786
1,708,369
2,169,489
1,404,852
65,054
1,469,906
284,840
63,067
347,907
1,817,813
1,225,579
94.738
462.427
17,330,220
5,096,873
22,427,093
125,712
1,633,733
31.180
26.220
9.951
173.880
78,574
37,962
7,303
3,297
48,561
336,861
71,992
19,823
4,886
125,578
17,000
28,607
7,438
4.548
165.900
45,597
35,381
6,500
3,289
45,169
319,599
69,915
17,028
5,056
107,563
17,936
December. 1,476,088 1,365,440
CedarF.&Mln. December.
8,258
7,068
Dub. &Sio'xC. December. 197,612 188,979
Iowa lines
December. 205,870 196,047
Total all
December. 1,681.958 1,561,487
Ind.Dec.&Wesi. December.
48,033
41,180
Tnteroc'nic (Mx) December.
Ill.Cen.(Ill.&So.i
—
—
Iowa Central... 3dwk Jan.
Iron Railway... December.
Jack'v.South't'n December.
& Sp. 3d wk Jan
K.C.F.8. & Mem. 3d wk Jan.
K.C.Mem. .SiBir. 3dwk Jan.
Kentucky Cent 3 wks Dec.
Keokuk & West. 3dwk Jan.
Kingst'n &Pem. 2dwk Dec.
Knox.C.G. & L.. 2d wk Oct.
L.
L.
5,700
Beech CreeR
Septembr.
86.280
743,029
582,112
Bir.Sh.&Tenn.R November.
17,05
Bufl.Roch.& Pill 3d wk Jan.
41,044
118.047
'79,776
Bur.C.Eap.&N. 2dwK Jan.
59,239
108,931
101,102
Camden & Ati . November.
42,058
760,665
699,356
Canada Atlantic December.
39,700
Canadian PaciBc 3dwk Jan. 293,000
869.000
6»2.000
Cp.F'r&Yad. Val 3d wk Jan.
14,419
40,131
27,843
Cen.KR.&BcOo December. 873,907
8,708,176 8,058,742
Cent.N.Eng.&W November.
60.792
Central of N. J . November. 1,231,202 1,172,311 12,480,829 12,385.787
Central Pacific. November. 1,390,900 1,278,395 14,683,529 14,486.945
Central of 8. C. October
11,294
10,938
95.499
84.228
Centr'lVerm'ut. Wk Jan. 17
51.623
50.704
158,874
158,642
N.London Nor Wk Jan. 17
10.401
9.109
28,611
28,999
OKd.&LakeCb Wk Jan.17
10.803
12,941
31,816
38,076
Tot. system. Wk Jan 24
75.28"
73,858
296,159
301,004
Char.Cin. AChic October. ..
17,672
12,573
106.902
Charlest'n & Sav November,
57,501
57.468
614,962
549,083
Char. Sum. & No. October...
12,231
3.410
58.421
21,943
CJiat.R'meiSiCol. December.
33,000
30.292
365.432
282,314
Chatt'n'gaUni'u December
9,216
8,186
115,166
107.112
Cheraw. &Darl. November.
9,557
7,771
98,320
78,616
Ches. & Ohio .... 3d wk Jan.
148,896 142,519
414,134
406,137
Ches. O. & 8. W. December.
207,762 196,196 2,156,006 2,134,194
Cnes. & Lenoir October. ..
8.608
7,039
03.586
60,273
Chic. Burl. & (i. November. 2.872.681 2,967,.578 32,314,854
30,867,840
Chic.A East. 111. 3d wk Jan.
79,624
61,987
220,642
157.933
Chic. Mil. ASt.P. 3dwk Jan.
442,408 396,760 1.334,271 1.233,336
Chic. AN'thw'n. December. 2,183.176 2,182.965 28,038.208
26,185,281
Chic.Peo.&St.L. October. ..
47,190
41.543
346.675
311,328
Chic.Rockl.&P. December. 1,353,133 1,389,542 16,971,131
16,697,577
Chic.St.P.&K.C. 2d wk Jan.
62,790
73,489
119,477
151,746
Chlc.St.P M.ifeO. November.
677,727 668,937 6,274,536 5,839,105
Ohic. & W. Mich. 3d wk Jan.
25,445
21,438
67,922
60,834
Chippewa Val .. December.
4,025
5,233
1 46,39.-1
137,388
OIn. Ga. & Ports. December.
5,156
5,000
67,025
65,680
Cln. Jack &.Mac. 3d wk Jan.
11,738
8,945
33.604
28,938
On.N. O. &T. p. 3dwk Jan.
76,943
75,019
212.820
225,131
Ala.Gt. South. 3dwk Jan.
37,655
36,993
95.059
110,285
V. Orl. & N. E. 3d wk Jan.
22,180
20,876
63,749
64.542
Ala. i Vick.'sb. 3d wk Jan.
12,048
13,292
35,726
42,020
Vlcks. 8h. & P.|3d wk Jan.
11,764
12,812
33,069
39,093
Erlauger Syst. 3d wk Jan. 160,590 153,992
440,429
481,071
Oiun. Northw'i) December
1,954
1,508
20.437
19.103
Clu.Wab.&Mtcb. December
49,270
41,171
584.030
531,098
Olev.Akrou&Col 3d wk Jan.
15,785
13.209
47,219
41,047
Olev. & Canton.. Deccmlier.
53.000
41,933
580.000
448,612
OI.CiL.Ch.&H.L |3dwkJan. 239.716 220,690
688.184
662,870
Pco. & Ea.n'n. 3d wk Jan.
30,691
29,825
84,326
83,225
Olev. & Marietta December
29,375
20,965
330.071
263,650
Color. Midland. '3d wk Jan.
36.73 >*
30,158
109,610
88,655
Col. U. V. <k Tol. December.
244,678 184,996 3,020.858 2,524.655
Colusa ic Lake. iDeiembcr.
2,034
1,932
2.3,428
26,165
Covin. (& Macon. December.
18,100
16,277
151,500
116,607
Ctinil>errnd Val. November.
84,438
75,643
Day Ft.W.JcCU. December
44,341
40,746
502,215
499,014
Denv. & Rio Or. 3'i wk Jan. 165,500 137,500
432.500
402,500
Des Moin. A: No. December
10,394
6,178
117,280
62,461
Des M. & N'w.sl December.
18,244
20,306
216,989
189,211
DetBayC.&Alp 3d wk Jan.
10,594
9,614
29,562!
24,282
I>et.Lans'g.&No 3d wk Jan.
18,629
16,045
53,429l
47,875
DnluthH.a&Atl 3d wk Jan.
26,647
24,881
80,648
75,339
KTenn.Va.&Ga. November. 593,689 571,026 6,157,4.56
5,244,450
Knoxv. (feOhio November.
64,381
53,163
642,212
531.083
Total system. 3d wk Jan.' 147,098
142,419
429,462
437,236
ElelnJol.AEa.st. November
49,012
27,588
541,806
254,687
Blix.Lex.&B.8...i3dwk Dec.
45,528
43,569
Empire .*;D'blln 'November.'
3.162
1.333
32.991
12,289
Erans.iJcIud'plis 3(1 wk Jan,
6.219
5,404
17.905
11,433
Bransr. ifc T. H. 3d wk Jan.
19.620
19.401
58,092
46.368
ntotaburi?
November. 596.515 611,208 5,972,056
,.
5,565,889
Wlint A P. Mara. Sdwk Jan.
58,55 U
49.498
165.494
145,039
October.
&
October
Georgia RR
November.
Geo. 80. &Fla.. December.
ar.Rap. &Ind.. 3dwk Jan.
Oin.R.<&Ft. W. 3d wk Jan.
Other lines ... 3d wk Jan.
Total all lines. 3d wk Jan.
Grand Trunk. .. wk Jan. 24
Ohio .fcGr.Xr. wk Jan.17
Det.Qr.H..fe M. vvk J.an.l7
Gulf & Chicago. December.
Housatonic
November.
Humest'nifcSheD December.
Kan.
'89 or'90.\l.890or'91
23,218
200,632
469.691
24,439
494,130
103,584
23,824
1 27.403
621,538
153,182
12,865
48,697
1,639,000
491,993
2,130,993
41,904
133,480
3.919
70,759
13,389
26,592
50,217
38,588
39,351
234.000
10,669
878.492
39,980
December.
J'k'nv.T.&K.W(; November.
Kanawha<&Mich 33 wk Jan.
RAILROAD EARNINGS.
C. CI.
Erie All. <fe So December.
Erie <& West. 3d wk Jan
.
& Hud..
L. Rock & Mom.
Lehigh
Long Island
—
December
ga wk Jaft
December
Louis.&Mo.Riv. Septemb'r.
wk Jan
3dwk Jan.
3d wk Jan.
Loui3.Ev.(SiSt.L. 3(j
Loulsv.&NasUv.
A&
Ch.
Louis. N.A&Cor December
Louis V.N. O. <te T. 3d wk Jan.
Louis.N.
Lou. St.L.iSc Tex. 3d
wk Jan
Lynchb.&Dur'm December
Memphis <& Chap 3dwk Jan.
IMexicanCent.. SdwkJau,
(Mex. National
.
3d wk Jan
tMexicauR'way WkDec.27
Mil.L.Sh.<ScWesi 3d wk Jan
Milwaukee (SiNo 3d wk Jan.
Mineral Range.. December.
Minneap. ifeSt.L. December
M.St.P. &8.S.M. December
Mo. Kan. & Tex. December.
Kan. C. <fe Pac. December
Mobile i&Birm.. 3dwkJan.
Mobile & Ohio
December.
. .
32,8S6
3.2»1
77,999
52,947
6.483
6.155
77,135
23,515
66.188
7,273
2.349
3,762
0.088
36',i48
3,008
52,125
61,594
4,502
4,587
84,408
27,397
60.210
7,183
2,372
63.381
30,418
16,967
5,675
55,331
22,470
15,027
263,222
38,119
26,100
366.905
41,121
230,015
48,271
18,303
345.952
36,627
N'theast'u(8. C.I October.
North'n Central. December.
NortheruPacillc
3dwk Jan.
Ohio (& Miss
3d wk Jan.
Ohio & Northw.. December.
& Maysv. December.
Ohio River
2dwk Jan
Ohio Southern.. December.
Ohio Val. of Ky. 3d wk Jan.
Omaha & St. h. December
.
Oregon Imp. Co. October
Pennsylvania
..
.
.
December
PeonaDec.iScEv. 3dwk Jan.
Petersburg
December.
&
Erie...
& Read'g
Coal <fc Iron Co.
Total both Cos.
Pitts. Mar. & Ch.
Pittsb.
&
West']]
November.
December.
December.
December.
December.
November.
November.
November.
Pitts.Clev.&T.
Pitts.Pain.&F.
Total system 13d wk Jan.
Pitt.Young.&A. jDecomber.
Aug. November.
Ft. Royal (&
Pt.Roy..feW.Cai.
November
Pres.&Ariz.Cen.
QuinoyO.(feK.C.
Rich.&Danville.
Vir. Midland.
Char. Col. &Au.
December.
December.
December.
December.
December.
December.
December.
December.
December.
December
Col.
Latest
DaU,
& Greenv.
West. No. Car.
Georgia Pac
Wash.O.&\V..
Ashv. & Spart.
.
Total Sys'm.!3d
wk Jan.
Rich, ife Petersli. December.
Rio Gr. West... 3d wk Jan.
Elome W. & Ogd. December.
8ag.Tuscola&H. December
St.L.A.&T.H.B's 3a wk Jan.
St.L.Ark.&Tcx. 3d wk Jan.
8t.Paiil(feDul'th December
St P.Min.i&Man. December.
East, of Minn. December.
MontanaCent. December.
Total Sys'm. December.
8.Ant.(feAr.Pass. |November.
8. Fran. &N. Pac. |2d wk Jan.
8av. Am. Si Mon. iDecember
8ciotoVal.<fcN.E lOctober. ..
Seattle L. 8. & G. l3d wk Jan.
fluenandoah Val IDecember.
$
94,190
85.858
194,422
78,610
52,973
26.931
1,659.026 1,486.628
750.263
335,817
102,196
98,870
19,707
19,673
9,706
8,718
131,603
127,260
1,314,020 1,308,581
214,874
218,380
58,070
54,432
44,770
44,437
1,434,104 1,153,063
168,798
158,367
14,661,943 14,199,041
98.310
94,370
2,077,370 1,820,926
2.175,680 1,915,298
16.837.625 16,114,339
406,751
458,571
1,560,000 1,037.387
92,955
92,700
40,738
37,027
495,929
15,800
17,583
215,025
67.107
1,073,956
20.859
159,589
67, 954
163. 635
352, 231
49, 695
3,956, 715
303. 634
70, 180
1,048, 090
126,,937
495
282
023
81.420
5,732
3.250
43,499
120,114
71,984
69,365
51,614
22,867
9,377
126.330
174.554
824,370
23,305
5,072
322,326
251, 153
49,96'
30,792
11,046
141,720
144.053
869,330
28,382
5,891
347,752
.
Phila.
Phila.
to
85,049
7,384
14,000
42.277
136,168
74,447
98,689
Montereyi&M.G November.
43,051
Nash.Ch.&St.L. December. 347.202 309.265
N. Jersey iStN.Y. November.
20,147
23,743
New Orl. & Gull December.
22,029
20,817
N. Y. C. & H. R. December. 3,083,956 2,981,531
N. Y. L. E. (fe W. December. 2,377,635 2,187,861
N. Y. Pa. & Oliio November
592,409 609,990
N. Y. & N. Eng. November.
506,715 491,348
N. Y. ANorth'n. December.
42,800
36,70
N. Y. Ont. & W.a 3d wk Jan
50,349
31,775
N.Y. Susq. & W.. December.
130,048 124,237
Norfolk&West 1 3dwk Jan. 175,097 164,863
Col.
Jan. 1
Week or Mo '30 or '9 1. '89 or '90. 1890or'91 1889 or '90
KOAD?.
65,598
51,304
483.460 500,226
378,530 247,262
85,270
86,529
19,33
20,788
665
836
12,861
12,171
41,696
58,783
4,925
3,321
59,323
50,585
414,616 390,362
5,305,319 5,495,264
17,403
11,932
38,431
42,157
438.295 412,193
1,686,111 1,654,942
1,606,377 1.374,597
3,292,488 3,029.539
3,300
2,225
127,362 115,874
37.226
45,680
27,512
20,897
39,160
36,059
82,111
94,819
28,214
32,963
39,525
41,780
11,088
11,400
24,078
25,120
500,940 503.700
193.0.50
177,200
81,790
81,766
75,980
79.300
79,180
72,002
197,700 190,881
11,500
9,893
11,900
10,554
315,350 298,550
25,308
25,178
39,275
20,675
296,787 301,011
7,487
6,634
28,610
23,497
76,939
83,895
114,581
90,905
974,943 730,632
140.922
66,182
116.484
77,802
1,132,349
874,616
170,220 175,663
10,054
9,270
50,000
21,696
71,228
6.370
5,193
99.100
95.008
19, 571
116,.115
120,,039
381,,201
224,,298
4,069,,477
136,,874
83,,881
123,,085
1,518, 290
1,995,,837
8,652,,676
326,,486
19,,174
3,414,,279
430,,454
3,784,,631
246,,661
159, 190
36,258,,641
29,201,,700
6,608,,731
5,546,,346
511,,199
146,,252
1,590,,310
509,,511
580,,029
6.605,,797
1,207,,197
246,,143
226 ,619
9,,363
26,322
567,,510
14 ,125
608 ,888
3,762 ,651
66,202 ,260
40:,668
530 ,616
4,755 ,782
20,965 .656
486,088
14,199
14,563
252,617
76,954
1,036,053
21,550
172,407
63,143
160,834
270,816
45,080
1,503,950
331,753
49,165
,034,784
107,816
11,814
251,133
18,961
130,357
346,872
218,106
1,104,582
152,596
64,401
109,775
.,447,938
,651,412
•,820,182
16,483
1,053,884
(,.56.5.725
225,023
182,140
>.056,599
',512,023
1,062,272
>,]77,238
581,786
89,944
1,402,466
484,063
494,068
5,069,957
776,686
211,796
219,614
11,026
24,342
522,638
9,566
524,890
5,571,175
1,514,445
32.404
467,555
1,322,317
1,273,042
37, 033
21.928
1,357, 603
450, 408
269, 184
94, 324l
1,371, 375
302, 369
369, 424!
134, 5941
254, 628
5,908, 636
2,315, 8.59
935, 411
,286,189
86'2, 398
945, 172
1,925, 031
151, 3S9
144, 598
870, 350
332, ,708
111, 875
3,937, ,512!
104, ,9251
452,796
263.503
108,175
,144,978
288,913
325,267
128,508
250,400
,543,813
,'.49,261
888,826
769,681
867,128
,497,759
125,867
121,225
833,750
295,291
62,225
,586,166
214 ,218
106.960
67.300
231,825
1,493 ,376
10,136 .093
,301,986
,7o3,693
77, ,120|
668,883
735, ,001
868,582
1,141, ,179
,273
,271,158
12,012
10,
,266.690
1,564 ,681
17,206
19 ,983
155,209
403, 454
599, 196
20 620
'15,644
1,319 .075
968,720
..
January
..
.
..
—
—
5
....
THE (JHRONICLE.
31. 1801.]
halat EantingB Reported.
Jan.
1 to iMtett Italt.
201
9d week of January.
ROAI>R.
1891.
1890.
.
Bpnr.
A
I'll.
Bo. I'acltio
(;.,!
II
I'ol.
October,
.
288,677
31.(!t9
146,000
11,438
119,841
11,937
1,8.52,203
l,3.^ 4,223
103,505
96,147
Co.—
i^
,,'
V.
1.
M
Novemlior.
Noveml)cr.
422.631
107,:<88
366,827
108,191
8,950,756
1,072,794
3,000,230
111)3,592
November. 633.681 605,416 8,047.662 4.780,905
.:. \. November.
25.552
25.157
202,901
N.
170,378
Tex.
.N. url. November.
169,648 180,206 1.738,61)7 1,560,976
Atlii'itic ays'lii November. 1.358,801 1.28&.796 12,009,807 11,118,076
Pttl'iln' 8V-StOII) November. 3.008.466 2,840.257 32.181,494 31.522.249
ToUlnfull.. November. 4,367,270 4,126,053 44.191,300 42,640,328
Bo Pnc. KU.—
175.130 176,308 2.139,668 2.008.304
Sn. Kiv. (Cnl.) November.
.')37,riso
6(>. Iilv. (Ciil.) November.
401,724 5.950.868 5,611,392
I'.
.\t
Aii/'iia I)lv.. Novenit>er.
New .M.'X. Dlv. November.
176,810
90.936
>(H'eniber.
f>8.43.->
Ktduy^'l.A-CMt.. Nt)\eml)er.
l.OGJ
110,171
at.itiMi
Kill'.
I.
T.
December.
December.
December.
December.
3d wk Jan.
ToLA A.4N. M. 1st wk Jan
Tol. Col. ACin.. 3d wk Jan.
ToI.A Ohio Cent. 3d wk Jan.
SaiiiiiiU liraiicli.
Lvkciirt Valley
Tal.cS c.iiisuVal.
Tenu. Miilliiml..
Texas' Paolllc.
75.364
6,247
25.787
130,855
18,895
4,898
22,185
Tol.*t).Ceii.Rx. Decenibor.
10.621
Tol. P. A West.. Uil wk Jan.
Tol. 8t. I,. A K.C. 3d wk Jan.
Tol.ASo. Haven. lic'.'omber.
UlRtei'A Del.... November.
17..^98
27,275
1.765
26,749
177.286
82,483
53.439
1,74
91.333
83,849
5.854
24,726
160,298
21,<15
4.065
21.633
8,397
18.785
20,850
1,938
31,237
1,880,209
957,889
1,005,213
81,869
1.123,754
1,706,435
865,523
920,928
49.080
1.190,9.54
055,566
78.363
219.551
378.822
18.896
14,817
73.136
109.312
80.983
83.733
26,135
346,247
021,183
66,010
195,838
433,932
21,415
13.444
A U.N. November.
586,525
Or.Ry.AN.Co. November.
671,698
558,551
6,881,911
4,469.217
32,720
5,278,206
22.032.847
39,852.908
918,893
40,771,800
876,773
2S.869
35,277
470,459
11.242,260
2.468,407
192,628
643,415
5,053.939
4,218.458
59,591
4,163 506
20,647,454
8t. Jo.&Q'd [8l. 2d wk Jan.
TJn.Pae.D.&O. November.
15,63!'
50-',774
27.800
420,093
All otli. linos.. November. 2.187,121
Tot.lT.P.Bys. November. 3,993,124
Cent.Hr.&L.L. November
61, .522
Tot. eonfled l-N"ovemhcr. 4,054.646
Honbuia Un.. November.
Leav.Toii.&S. .November.
89.934
2.481
Man..\l.itliiir. .November.
3.5S8
Joiiit.own'tl.'s November.
48,006
<iranil total. November. l,102.6.'/3
U.S'kYds.&T.Co November.
Vermont Valley December.
Wabasli
3^1 wk Jan.
Wall. Chest.&W. October. ..
Western of Ala. Dccotnbcr.
We,«t .rersev
November.
W.V.Ceii.itPitts. December,
West V. A Pitta. November.
West.N.Y. A Fa.
wk Jan.
M
Wheelinsf&L.E. Sd wk Jan.
Wil. Col. & Aug. October.
Wisefnisin Cent. 3d wk Jan.
Wriebtsr.ATen December.
.
244,355
13,900
232.8'J6
6.043
62.8641
114.4781
85.502
8,310'
72.100
18,793
101,.371
80.2791
8.529i
455,.520
.130,900
,722.510
90.752
,813,263
73,696
2,553
2,800
30,519
3, 852,782
233.792
14,074
247,208
7,475
62.070
102.H!)5
68,059
82,751
21,175
309,661
3(>,00ti,791
753,196
36.819,987
697,796
27,102
30.847
377,872
37,227.8.59
562,464
1,525,412
981,196
2,109,717
189,751
739,488
559,697
1,423,171
203,200
60.157
803.937
232,300i
91,0691
Gross Earnings by Weeks.— The
1890.
S
A- 8.
St.
owned
.
^2.-
I.ou!sA8. Fran
Roads
Bait,
system.
F.
i'tlv
j-tly
owned H.
A Ohio Southw
Buffalo Koch.
A
Pitts....
Canadian PaclHc
Cape Fear A Yadkin Val.
•Central Vermont
•New r.ondcm North'n
'OKdensb.AL.Champrn
Chesapeake A Ohio
Chicaco
A
East. Illinois..
Chieatco .Mil. A St. Paul..
Chicairo A West Mlchl>ran
Cincmnatl Jack. A Slack.
CIn. N. O. A T. P. (5road«).
Cleve. Akron A Col
Clevc. Cin. Chic. A St. L.
Peoria A Eastern
Oolortulo Midland
Denrer A Rio Grande
Detroit Bay C. A Alpena.
. .
A North
A Atlantic...
East Tenn.Va. A (fa
Evansville A fu'lianap...
Evans. A Tcrrc Haute...
Detroit l.ans.
Duluth
8. 8.
A
Pcro .Marquetto..
Florida Central A Peuln.
Flint
Grand
Raplils
A
Indiana.
Cincinnati R. A Ft.W..
Other lines
•Grand Trunk of Canada
.-
•ChlcaKo&Ur.Trunk..
•Det. Gd. Hav. &M1I.
.
Iowa Ontral
Kanawha A Michigan
Kan. City Ft. 8. A Mem..
Kansas C. .Mem. A Blrm.
Keokuk
Western
Lake l.ric A Western
Little Hock A Memphis..
.V:
Loulsv. Evai.sv. A St. L.
Louisville A Nashville...
Louis. N. .\lb. A Chic
LoiUsvillo N. O. A Texas.
Louisville St. I,. A Texas.
Mempliis A Charteston. ..
510.038
32,716
103,16C
32.093
42,274
41.044
293.000
14,419
51,623
10,401
10,803
148.896
79,634
442,408
25.415
11,738
160.590
15,785
239,716
30,691
30,738
165.500
10.594
18.620
26.647
147,098
6.219
19.626
58.556
31.180
37.962
7.303
3,297
324,705
71,992
10,823
32,880
6,483
77.135
23,525
7.273
63,381
16.067
26,100
366.005
41.421
85,049
7.384
42,277
Texas
A
A
Eastern.
Paciao
Seattle L. H.
Toledo Col. A Cincinnati.
Toledo A Ohio Central...
Toledo Peoria A Western
Toledo 8t. L. & Kan.City.
Wabash
Western N. Y. A Pcnn...
Wheeling A Lake Erie...
Wisconsin Central
819
18.574
1U,'.<34
131.268
"i'.ww
1.601'
5.1711
S.lOll
10,800
18,600
2e8..560
20.675
23,407
83,895
6.103
150,298
4,065
21,033
18,785
26,860
247.208
S,113|
"6,968
"i;if7
19,443
67
582
"1.187
'425
'ii',383
17,700
1.614
S,813
.54,400
17.170
74.460
6,205,470
*
For week ending January
"iMi
7,925
631,170
571.728
5,033,742
50,451
17.
The following
will furnish a
results for a series of weeks past.
comparison of the weekly
WEEKLY GROSS EAnSINGS.
.
Period
and number of roads
included.
3d week of Sept. (91 roads).
4th week of Sept. (84 roads)
Ist week of Oct. (90 roads).
2d week of Oct. (90 roads)
3d week of Oct. (89ro.-id8).
4th week of Oct, (92road.s).
1st week of Nov. (89 roads).
2d week of Nov. (89 roads).
3d week of Nov. (89 roads).
4lh week of Nov. (92 roads).
1st week of Dec. (91 roads).
2d week of Dec. (89 roads).
3d week of Dec. (85 roads)
4th week of Dec. (90 roads).
1890.
Inereate.^-^
Amount.
1889.
$
$
P.
el.
7-50
7,136,015
.535.259
8,779,540 1,006,460 11-46
6-42
7,221,777
463.819
7.458,936
372,785
500
2-63
7,028.700
200.921
553.S02
5-26
10.569,811
6-21
6.971,768
432,645
5-98
4-23,530
7.086.360
6-25
6,944.551
433.762
1-99
8,657,884
172,410
6,H06,201
4-35
296.003
3-21
(;,819.211
219,113
5-24,
7,094.0
6,740,007
353,408
9,127,520 8,089,.i94 1,037,926 12-83
1891.
1890.
7,671,874
9.786 000
7,685,626
7,829,721
7.829.021
11,125,646
7,404,413
7,509,890
7.378,313
8.830.204
7,102.204
7,038,326
1
8,'.l2y
54,400
17.179
96,010
74,466
7,385
166.800
54.450
713,793
212.603
80.902
latest
weekly
summed up as
follows:
For the 3d week of January our statement comprises 86
roads, and their aggregate earnings show a gain over the year
preceding of 10'15 per cent.
Roads
(8 roads).
759.127
earnings in the foregoing table are separately
At. Top.
& DauT.
Rio Grande Western
8t.L.Alt.AT. H. Brches.
Bt. Louis Ark. A Texas...
Netln creasedO 15 p.c'
,
1891.
Ohio Val. of Kentucky...
Peoria Decatur AKvansv.
Pltt«burff it Western
Total (86 roads)...
Includes in both years Scioto Valley Division, and Maryland &
Division (Shenandoah Valley.)
1 Mexican ourrencv.
1890, the Great Northern run.s its
o .Main Line.
( From October 1
own trains over the Eastern's track from Hinckley to West Superior.
wetlcofJanuam.
& Blnnlntcham...
New York Ont. A Woat.
Norfolk A Western
Norihern PaoiHo
Ohio A MisHlssipiil
IttrtAM.
U
71,084
61.614
22.887
8.072
81,775
1 64,863
247,262
86,620
3.321
11.032
36,050
40,962
30,702
8,801
80,349
176,097
378,680
86.270
4,928
17,403
30,160
315,380
30,275
28,610
70,039
6.370
130.855
4,898
22,188
17,598
27.275
232,826
72,100
18,793
80,279
Milwaukee ANorihern..
59,V!59
ft
3</
West.
Mobile
Rich.
120.1
74.4471
A
.50,803
W,ialilni.'tou
Late.st
L. Hh.
95,905
Uulon Puciltc—
Or. 8. L.
Milwaiikie
•
«
186,108
Mexican Central
Mvxlcan .National
•
61ouxCit.r.bNo Noveinher.
Boutb Ciifolma Doeenilicr.
Inereaee.
"
Week or Mo '90 or "01 '89 or '90. 1800or'9: 188gor'00
469.691
24,439
103,584
23,824
41,904
26,592
234.000
10.669
50,704
9,109
12,941
142,519
61,987
396.760
21,438
8,945
158,992
13.209
220,690
29,823
30,138
137.500
9,614
16,045
24,881
142,419
5,464
19.401
49,498
28,607
33.381
6,500
3,289
319,700
69,915
17,028
30,148
4. .502
81,408
27,397
7,183
55,331
15,0-26
18.303
345.952
36.627
81.420
5.732
43,499
Increase.
$
40,347
Decrease.
$
8.277
4,576
8.269
370
14.452
59,000
3,750
919
2,138
6,377
17,647
45,648
4,007
2,793
1,598
2,.576
8H6
.
980
2,584
1,766
4.679
755
223
9,058
L
reads)
5,660,996
6.074,416
6,203,470
317,238
316,081
5,343,753
5,758,335
5,633,742
.571.728
5-33
6-49
10-15
—
Net Eiirnlngs Monthly to Latest Dates. The table following shows the net earnings reported this week, A full
detailed statement, including all 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
The next will appear in
in the Chronicle of January 34.
the issue of February 21.
.
-Ornii Earning:
1890.
1889.
,
Net Earnin<ii>.~
1890.
1880.
Roods.
$
$
$
138.376
133,480
A Potomac... ..Dec
35,568
12,847
462,849
Jan. 1 to Dec. 31... 1.708,369 1,633,733
373,283
Canadian Pacific*. ..Dec. 1,548,491 1,310,000
575,629
540,012
Jan. 1 to Dec. 31.. 16,552,529 15,342,184 6,299,701 6,1-27,836
Central of Geor)?la ..Dec
873,907
878.492
{297,04 8
; 274,363
Jan. 1 to Dec. 31... 8,708,176 8,058,742 ; 1,992,265 ; 2,199,504
July 1 to Dec. 31... 4,836,680 4,631,081 T 1,355,737 1 1,484,404
Chic. Mil. & St. Paul. Dec. 2.453,280 2,361,799
955,604 1,041,732
Jan. 1 to Dec. 31... 26,810,829 25,900,219 8,941,859 9,180,377
July 1 to Deo. 31. ..15,196,421 14,791,300 5,629,900 5,920,653
Clevel'd A Marietta. Nov.
31,954
24,560
8,738
6,823
571,026
184,461
236,609
East Tenn.Va. A Ga-Nov.
593,689
Jan. 1 to Nov. 30... 6,157,450 5,244.450 1,762,063 2,133,084
891,869 1,120,051
July 1 to Nov. 30... 2,073,448" 2,610,271
53,163
20,544
21,128
Knoxv. A Ohio
64,381
No v
108.030
642,212
531,083
191,887
Jan. 1 to Nov. 30...
Bait.
2,581
803
8
5,005
2,077
2,795
2,732
1,981
7,273
3.872
£0
. .
. .
\
.
1.682
1.222
252,085
624,180
80,289
257,737
2,332,013
1,209,340
July 1 to Nov. 30... 3,289,080
146,409
18,899
Iowa Central
155,007
Dec.
1,526,238
324,760
Jan. 1 to Dee. 31... 1,677,805
236,200
854,023
July 1 to Dec. 31...
936,600
280,16-2
250,681
570,686
Mexican Central
Nov.
594,021
Jan. 1 to Nov. 30... 5,704,638 5,705,458 2,121,351 2,533,870
99,198
86,973
357.935
329,759
Mexican National. ..Dec.
827,006
666,694
Jan. 1 to Deo. 31... 3.754,960 3,660,124
N.Y.L.E.& Western. Dec. 2,377,635 2.187,861 1708,896 1621,567
29,'201,700 27,512.0-23 19,493,402 19,278,649
Jan. 1 to Dec. 31
Oct. 1 to Dec. 31... 7,604,798 7,472,034 12,567,856 12,635,440
88,619
500,226
78,213
Northern Central
483.460
Deo
Jan. 1 to Dec. 31... 6,608,797 6,069.957 1,803,806 1,944,357
Pennsylvania
Dec. 5,305,319 15,495,264 1,596,111 1,664,238
Jan. 1 to Dec. 31. ..66.202.260 61,514,445 21,221,70:1 20,417,640
Dec.
184,192
Unesweiitof P.AE.Dec.
Dec.
67,308
Jan. 1 to Dec. 31...
Inc. 1,231,754
Inc.
4,222,100
Phila. A Readim?
6^5.500
699.649
Dec. 1,686,111 1,654,942
Jan. 1 to Deo. 31. .. 20,965,636 19,'273,042 9,037,055 8,201,186
Coal & Iron Co. Dec. 1,606,377 1,374,597
9,868 def .28,485
637.015
Total both CJo.'s
709,517
Dec. 3,292,488 3.029.539
53.784
36,135
PIttsburKA West'n No v
127.362
115,874
530,214
Jan. 1 to Nov. 30 .. 1,337,693 1,286,189
540.584
-273,444
July 1 to Nov. 30...
225,363
649,554
606,680
3.611
11,541
Pitts. Clevc. A Tol Nov
37,226
45,680
102.174
98,870
432.796
Jan. 1 to Nov. 30...
450. IC 8
51.242
54,331
July 1 to Nov. 30...
216,397
209,405
2,787
902
Pitts. Polnes. A P. Nov
27,512
20,897
85.978
56.988
269,184
263,603
Jan. 1 to Nov. 30...
38,541
23,050
121,340
135,513
July 1 to Nov. 30...
.
2..573
8.050
1,941
7.797
20.033
4.704
3.623
(8
July 1 to Nov. 30...
315,633
Nov
Total system
658,070
Jan. 1 to Nov. 30... 6,799,667
19,026
...
week of Jan.
'
1,292
6,580
28,000
Ist
2d week of Jan. (87 roads)
3d week of Jan. (86 roads)
5.773,531
2,892,355
90,243
205,005
1,953,950
985,113
43,872
503,766
296,841
-
.
THE CHRONICLE.
202
— 1890. Earnings.
Gross
—
Net Earnings.
1889.
1890.
-
.
1889.
$
Roads.
$
& West.— (ConW.)
200,555
173,998
Total system
Nov.
Jan. 1 to Not. 30... 2,077,289 2,002,485
937,425
July Ito Nov. 30... 1,001,4,67
Bloux City & North .Nov.
34,619
Jan. 1 to Nov. 30...
283,677
Btatenl. Rapid Tr. -Dec.
5S,435
53,439
Jan. 1 to Dec. 31... 1,005,213
929,928
JiUy 1 to Dec. 31...
521,587
582,382
48,639
695,442
302,745
9,841
125,832
2,353
336,135
226,881
60,183
718,363
363,226
[Vol. til,
Edison Electric Illuminating' Co. of N. Y.
I^For the year ending December 31, 1890.^
$
$
Pltte.
This
company should rot be confused with the " Edison Gen-
eral Electric Company," nor the " Edison Electric Light Companjr." Tlie officers and directors are as follows Spencer Trask,
President R. R. Bowker, First Vice-President ; J. B. Skehan,
:
;
5,190
283,201
186,738
New Brunswick earniuRa
included since Sept. 1 in both years.
After deducting proportion due roads operated on a ptrcentaKC
December, 1890, was ¥478,707, against $402,675 in 1889;
for twelve months, .$6,876,549, against $6,782,952; and Oct. 1 to Dec.
31, $1,867,717. against $1, 940.052 last year.
5 Including income from investments net in December, 1890, was
$284,331, against -iiSOS.SlS last year: for January 1 to December 31,
82, 192, '.'92, against if2,396,878, and for 6 months to December 31,
$1,403,402, against $1,556,276.
*
,
t
basis, net in
Secretary acd Treasurer; .Josepli Williams, Assistant Secretary.
Directors elected Jan. 21, 1891— R. R. Bowker, C. H. Coster,
Charles E. Crowell, Thomas A. Edison, J. Buchanan Henry,
E. H. Johnson, J. P. Marquand, D. O. Mills. George Foster
Peabody, F. S. Smithers, Spencer Trask, Henry ViUard, J.
Hood Wright.
The report says " Attention is called to the fact that the
earnings for the last three months of 1890 are based upon a decreased rate of charges to the public, it having been deemed
advisable to reduce the raie on the first of October, 1890, to a
uniform price of one cent per 16 c. p. lamp per hour. This is
in accordance with the general policy of the company to decrease the price of current as fast as the increase of its business and the improvements of its operating facilities permit.
"The outlook at the beginning of last year led your directors
to recommend large additional installationSjCoverting territory
not theretofore occupied; also important additions to the existDelaware Lackanauua & Western Railroad.
ing plant. A plan to accomplish these purpo.ses was adopted at
CFor the year ending December 31, 1890.^
your last meeting, and it is now being carried into effect.
The annual report of this company consists of a brief in- This plan provided for the increase of the capital stock from
come account and balance sheet, issued in circular form, and $2,500,000 to $4,500,000, and the creation of a mortgage to sethe statements of four years have been compiled for the cure $5,000,000, 5 per cent convertible bonds, of which $8,000,Chronicle as below:
000 were to be issued. All of these securities were duly subscribed for, the bulk of them being taking by the stockholders
EARNINGS AND EXPENSES.
of the company." * * * '-You will be requested to authorize
1887.
1888.
1889.
1890.
Gross rcc'sall80urc'8$39,845,857 $43,232,422 $38,247,622 $40,688,645 the issue of $250,000 more bonds durine the present year,
Operating expenses. 30,694,000 33,546,135 30,653,586 32,499 859 which it may be desirable to use for additional construction
Befrm'ts, equip., &c.
810,061
967,605
223,577
240,018 work, said bonds to be issued when the necessities of the com* * »
Total expenses.... $31,504,061 $34,513,740 $30,877,163 $32,739i878 pany require."
" The new station (on a large plot between Pearl and Duane
Net receipts
$8,341,796 $8,718,682 $7,370,459 $7,948,767
Streets, near Elm), with some subsidiary annexes, is intended
INCOME ACCOtTNT.
to supply t'le entire southern portion of New York, doinjr
1887.
1888.
1889.
1890.
Net receipts
$8,341,796 $8,718,682 .1(7,370,459 $7,948 767 away ultimately with the present down-town station in Pearl
Interest andrentals.
5,203,419
5,218,419
5,222,375
It will be the largest electric lighting
5,328l494 Street, near Fulton.
Balance, surplus.... $3,138,377 $3,500,263 $2,148,084 $2,620273 station in the United States."
Dividends
The annual report of operations for 1890 shows the following:
1,834,000
1,831,000
1,834,000
1834*000
$446,26-i
7*
Kate of dividends...
7
Gross earnings....'.
7
7
Operating expenses, repairs and renewals
192,934
Balance after div'ds. $1,304,377 $1,666,263
$314,084
$786,273
earnings
of
stations
Net
$253,333
The reports show that 10 per cent was earned on the stock Income from other sources
42,327
in 1890, against 8-20 in 1889, 13-35 in 1888 and 11-97 in 1887.
GEHERAI, BALANCE AT CLOSE OF EACH FISCAL TEAR.
Total receipts
$295,660
Less general expenses and taxes
66,582
^^^^1888.
1889.
1890.
:
ANNUAL REPORTS.
tj^T'lr^i
.
,.
RE.,bulld'gB,e(iuip't,
coal lands, &c. . .$34,669,226 $34,538,226 $34,804,646
$34,801
owned, cost
5,735,779
Net cash &cur.accts. "1,037,985
Materials, fuel, &c-
Total
.
1
,216,976
5,873,340
•2,582,749
1,361,914
5,687,090
•2,672,237
1,506,339
646
8,789,440
-117 203
1,738,297
$42,689,966 $44,356,229 $44,670,312 $45,449 586
•::-•
$26,200,000 $26,200,000 $26,200,000 $26 200 000
Funded debt
3,674,000
3,674,000
3 674 000
3 667000
Surplus account .... 12,815,966 14:482,229 14;796,312
isissllsse
*»<'«'?
^otaJ liabilities. .$42,689,968 $44,356,2^
illleToisIi $45,449,586
Net balance between liabilities and assets.
Tlie Statement Of items on either side of the
account which
balances of $3,672,237 in 1889
"^
and
l1V7°C^''^n^aSn
»117,.i0.i
1890 are^'^r.P^'
as follows:
*
m
A.ecounlsreccimMc, affotlotet—
1889
Cash on hand
^1 025 235
Coal on hand (less than market value) ....'. 2!oo6'o92
Advances to leased roads
3,073' ino
Advances on coal to be delivered, &c
1,805 225
Coal bills and sundry accounts due
1 164 404
Loans and sundry accounts receivable
615',602
$9,689,658
i«? ncrouniJ pay'uhu; i'ii:-
Past due dividends, interest and rectal-...
L & W. div., payable Jan. '90 and '91
Rentals payable alter Januarv 1
State taxes payable after January 1
Deccmhcr pay-rolls, payable in January.
Bonds and mortgages
Vouchcrs^due and payable after Jan 1
$143 iga
458 501
72° 530
'4.52 240
Del.
i
682'735
406 851
.
1,969132
Bnnory obligations, ttccountoftransiKirt'n.
^ot*"
Balan ce of acconnta receivable
•
C^or
^
2en*L^ Wow.^
the year
$979,552
1,268,527
1,158,898
1.741,136
1,714,939
688,807
$7,551,860
$152,904
458,500
1,749;982
446,706
769,531
496,851
1,039,217
1,951 „59'J
1,408,583
fTioiT^^Jl
'$7,434,657
$2,^72,237
Of Which $3,287,171 has been paid since
close
Delaware
1890.
& Undson
$117,203
"'^ pamphlet report, the figures for
1890
. .
'\^^-
,
.
'8|8.
1889.
1
and net earaings since 1884
Oross.
Net.
$111,872
131,332
157,579
191,635
$33,222
Tax?5nt:*renUl.:_«1jji;?^^g^
',673
,333
^""°°«
$2,910,306
$8,314,134
$2,537,896
lijiii ,340'
1889.
1,213
1890.
1,698
39,815
64,174
470
697
31. 1890.
Cr.
Capital stock
$3,967,800
2,000,000
Bonds outstanding
Couveitible stock oer-
128,390
203,900
50,000
41,529
39,220
tiflcates
Instalment on new
Reserve fund
Accouuts payable
Profit
and
st'k.
loss
in
167,960
.$6,430,840
$6,430,840
New
Central Coal Co.
C For the year ending December 3i 1990. J
The report of this company is entirely statistical without anv
remarks, and shows the following.
1S88.
Balance credit ooal account Dec. 31
Coal on hand Dec. 31
1889.
1890.
i^
$
526,879
3,960
$
494,680
5.171
331,397
i,i67
499,851
470,155
332,564 530,839
326,456 483,757
Balance, net earnings
29,696
Credit profit and loss Dec. 31 prev. year... 241,3.->3
Charged to proBt and loss current year
54,633
6,108
47,082
216,417 213,320
11,748
9,204
salaries,
&c
186,720
20,606
207,213
6,108
201,572
47,082
216,416
213,321
248,654
The general balance sheet of the company on December
was as follows
Assets.
Real estate
Personal property at mines
Personal property at New York and Hoboken
Koontz barracks
Barges
.
,849
,176
710
1888.
Dr.
License under Edison
patents
$2,250,000
Real est., construction
& property acc'nts 1st,
2d and 3d districts
3,686,979
Sundry accounts and
supplies on hand
189,632
Customers' accounts...
136,267
,()74.
^"'^Jf,!I68
124,031
229,078
16,377
CONDENSKD BALANCK SHEET DECEMBER
Cash on hand and
trust companies
$116,235
$226,301
327,678
488,595
89,069
Number of customers.
Numlwr of laiuiis, 16 c. p
Number of motors, h. p
Cnxlit profit and loss Dec. 31
t of,^
.I'***", 207
given as
Xet.
dross.
1888
1889
1890
51,551
70,051
Balance
Iggo,
is
:
1884
1885
1886
1887
Net earnings current year
INCOME ACCOUNT.
Receipts-
follows
$205,078
gross
RaUroad freights, mining
31, 1890^.
From coal
9,95 ,163 1 0,622.067
« 6 V2 <n a
Prom railroads
9,189,074
9 3n4 2?i
q'52o"oIs
irromml.oellaneous._46i;507_^i2',892_^ii;l^^
Total net income
A summary of
Total
of year.
Canal.
ending December
Net earnings of company
$229,078
Less Interest allowance on proportion of bonds Issued for
property In use during 1890
24,000
Cash
Ooal on hand
Accounts uncollected
Total assets
""
'..".'.'.
1889.
$5,000,000
73,154
2,500
3,635
6,000
81,029
1,167
73, 346
$5,241,431
31
1890.
$5,0<X»,000
68,019
3,636
6,000
ll^005
3,960
78,813
$5,275,433
—
Jamuaht
THE CHKONJCLE.
81, 1891.]
1880.
LiabllUk:
.
CHpltnl Block.
AcioouutH uimcttloil
DlvirtcmlH unpaid
Bolimcu to iT«<llt of profit
:
.
.
ttiid
iHfid,
(|IB,000,000
ifrt.iHH i.<I(H)
-5'21!?
-M.iilio
2,799
218,3^0
lo»»
2,7H«
24s.ttr>.l
203
etc., etc., many of the bnlldlntts being let a
rental. The company recently iMirchBse<l .'>00,0<K> worth of real
estate t^) provide additional facilities, sIdlngH and tracks. The rallwiv .vf.iMis north aud southeast, so an to vouuect with every railroad
wnrxbmise. depots, Mtorns,
.
i-lty.
•
of the Chicago Junction Rallwajrs dc Union Btonk Yards
follows: President, Frederick It. Wlii-">!" vi-,. prenlSewell: Secretary, William C. Lane
FlowHoard of Directors : Cbauneoy M. I)e|i'
land Kavls
Vork ;
.lohn Qulncy Adams, of Boston Kdward J. Phelps, u!
...un, Vt.;
William J. Hewell. of Canider., N. J.; John Hoey, of Jlollywcmd, V. J.;
Krecleriek II. Winston, of Chicago, III.; Hugh C. K. (;hllder-i,of London,
England; ("raucis liarron Blukc, of London, Knglaud Bernard T,
Bosnnquet, of Loudon, England ; Adolph Von Andre, ot Londoo,
I-'
ii!.\2tl.(32
Total UnbUltlcs
$5,278,i:i3
GENERAL INVESTMENT NEWS.
'IVIciiIkhic— SlmrohoKlers of this company
additional stock, and the
company issues a circular givinK notice of an increase of the
stock from $t3,.50O,00<) to Sl.5.000,000, and offering shareholders one new share at $10t) for each five shares now held, the
right to expire March 5, and payment to be made in full
April 1, when certilicates will be delivered.
Italtiinorc Belt.— This important enterprise, in the interest
of the Haltiiiiore & Ohio RR.. is under rapid oaurse of construction, and when completed will give the Baltimore & Ohio
rapid transit through the city of Baltimore, will relieve it of
its present necessity of ferrying trains across the Tatapsco
river at Ixxmst Point, and will enable it to reduce its time
.\ni<'rieuii
UoU
have a|iproved
tliei.ssue of $2, .500, 000
a.- as
di'iil. Wllliaiii J.
(.,..,
.
.
;
1
;
England.
Urcat Northern.— A dispatch from Spokane Falls, Wa»h.,
Jan. 27, said: " The contract for building fifty-five miles of
the Greiit Northern Railroad between Bonner's Ferrv
KosCliapman, of tnis city.
tenall Falls has lieen let to Burns
The contract will involve the expenditure of over a million
&
&
dollars.
Kentucky Union.— A meeting of the stockholders of the
Kentucky Union Railroad will be held at Louisville, Feb. 14,
for the purpose of taking up and re-issuing the second mortgage bonds of the road. The Louisville Courier- Journal says
between Washington and Pliiladelphia and New York fifteen " It is tmderstood that President Carley has made satisfactory
arrangements in New York for sufficient cash to relieve the
It will give it a new equipment of staor twenty minutes.
tions in tiie l)est business and residence portions of Baltimore. road of present embarrassment and put it in good condition
The length of the line will be seven miles. President Mayer, .financially."
of the B. & O. RR. says "The e.visting traffic of the BaltiMexican CentraL— This company offers through the Boston
more & Ohio Railroad Company which must pass over the Safe Deposit & Trust Company to buy at 110 and interest all of
Baltimore Belt Railroad, at the rates provided by the contract its outstanding $7,000,000 prior 5s that may be offered up to
between the two companies, will be sufficient to meet the in- Feb. 14 The company will then call at the same price all that
terest on the entire issue of bonds, without making aay alloware not offered, and interest thereon will cease on April 10. The
Oiiio Rail- bonds that are bought will be kept in the company's treasury
ance for the increased traffic of the Baltimore
road Company which this construction will undoubtedly as security against the outstanding 48.
The Boston Traveler
" When the priority 5s are bought, the company
produce, or for the revenue to be derived from other connect- remarks
ing lines, or for the large suburban traffic which the construc- will still have about §4,000,000
cash as a balance of the subtion of this road will undoubtedly create. The cost of sidy received §3,500,000 of its own 4s in its treasury and a
operating the present ferry line, now worked to its fullest lien on about $3,000,000 of Mexican Government 6s to be issued
capacity, and the actual cost of the delays to the traffic of the as a subsidy on account of the Tampico harbor improvemente,
Biutimore & Ohio Railroad Company amount to nearly, if not of which amount something like $800,000 has already been
quite as much, a.s the aggregate charge made by the Baltimore earned.
Belt Railroad, under its contract with the Baltimore & Ohio
Mobile & Ohio. At the aimual meeting of the holders of
Railroad Comjjany, while the advantages which will accrue to
Ohio, held at
the bonds and the debentures of the Mobile
Company
from
quicker and
the Baltimore & Ohio Railroad
the company's offices, 11 Pine Street, the following directors
greatly
increased
business,
not atmore reliable transit, from
were elected to serve for the ensuing year James C. Clarke,
tainable under present arrangements, and from the possession
Sidney Shepard, Adrian Iselin, Jr., H. B. Plant. A. H. Stevens,
of
facilities
in
the
heart
the
City
terminal
of
Baltiof ample
R. K.'Dow, James H. Fay, John Paton, F. D. Tappan, E. L.
more, are too obvious to need comment."
Russell, W. L. Hearin, Thomas W, Evans and W. Butler
"Hie map in the Investors' Supplement issued to-day
Duncan.
Bhows clearly the project, and oo a subsequent page in this
New Bonds and Stocks Authorized or Offered. The followissue of the Chrootcle is given at length an abstract of the
ing is a list of new issues of securities now offered for sale, or
mortgage.
The 5 per cent first mortgage bonds, to the amount of goon to be offered
STATES, CITIES, COUNTIES, AC.
$5,000,000, are now offered for public subscription at 101 J^ and
accrued interest by Messrs. Brown Bros. & Co. Full particu- Bessemer, Ala.— if50,000 6 per cent 30-year Improvement bonds are to
issued.
be
lars regarding the subscription will be found in our advertisBoston, Mass.— $300,000 bridge bonds and $850,000 new piibllo
ing columns.
library bonds are proposed. $160,000 certificates of imlbtedness,
due Jan. 1, 1901, interest 4 per cent, have been authorized.
Charleston Cincinnati & Chicago. An informal meeting
EVEKETT, M .BS.— $.50,000 sewer.age 4 per centbouds. due Jan. 1, 1911.
of bondholders representing over .$6,000,000 of bondsjwas held
Bids will he received by Natli.an Nichols, I'reasurer of Everett,
in Philadelphia on Wednesday and a committee of thirteen
Mass., till 8 P. M. Feb. 3.
Fall Rivek, Mass.— Park bonds are proposed.
was appointed to prepare a plain for future action.
Hamjltos Coi.stv, Ohio.— $22,000 4 per cent Erie Avenue improve^Chlca^o Ga.s.—The Council Finance Committee tabled the
ment bonds, due Dec. 20, 1895. Bids will be received by John
Haggerty, Auditor, at Cincinnati, Ohio, till Feb. 14.
proposition of the Chicago Gas Trust to settle differences with
Tkss.— $50,000 bonds are proposed.
jACK8f>N,
the city by paying into its treasury 3^ per cent of gross earnliOXG ISLAND City, N. Y.— $17,000 iH per cent school bonds, due
ings. Mayor Creiger says the city will now push the litigaMarch 1, 1910. Bids will be received till Feb. 5 by F. W. Bleoktion, quo warranto suits, etc., against the Gas Trust and the
wenn. Treasurer.
Monroe Coitntt, N. Y.— $50,000 3h per cent bonds, due Feb. 15,
several gas companies.
1899. Bids will be received by A. McVean, Treasurer, at Roches:
&
:
m
;
—
&
:
—
:
—
Chicago Junction Railways & Union Stock Yards.—
ter, N. Y till Feb. 3.
$100,000 bonds are proposed.
companv has had its bonds and stock listed at the Stock M(>RKi8Ti)WN, Te\n.—
Nassau
County, Fla. -$25,000 court house 5 per cent bonds, due
Exchange, the bonds are §10,000,000 collateral trust 5 per
191 1 redeemable after 10 ye.irs BiJs will be received by Geo. B.
cent gold, due July 1, 1915. They are secured by »he deposit
Wolff, Clerk of Circuit Court, Fernandina, Fla., till l-'el). 14.
with the Central Trust Company of $12,000,000 stock of the Philauelpiiia, Penn.— $2,300,000 3 per cent bonds, due Nov. 1, 1900,
to 1919. Bids will be received by Edwin H. Filler, Mayor, till Feb.
Union Stock Yard & Transit Company. The preferred stock
.
This
,
$6,500,000, with a preference for 6 per cent dividends, cumuThe common stock is for $6,500,000, and both common
and preferred were subscribed for at par. The company and
2.
at noon.
is
Providence, R. I.— $4,000,000 bonds for sewers and other purposes
lative.
are to be issued.
Spring City, Tenn.- $20,000 bonds are to be issued.
Ulster County, N. Y.— $98,000 4 per cent bonds have beea author-
property is thus described.
The Chicago Junction Railways & Union Stock Yards Company
was organized In the month of July. 1S90, under the laws of the State
of New Jersey-. The piirpo.scs tor which the company was formed
its
were, amonir other things. t(> «i quire shares of the capital stock of
The I'nloii Stock Yard A Transit Company, which is a corporation
IncoiToratcd in 1865 under special charter irranted by the State of
Illinois.
The Chicago Junction Railways & Union Stock Yards Company
has acquired and own* 12n,77() shares of the capital stock of said
Union Stock Yard * Transit Companv, inclndlnx the 120,000 shares
pIcdKed to secure the bonds. The total capital stock of The Union
Stock Yard .V Transit Company co isists of i;J2,()00 shares of the
par value of $io<icach. The purchase price of said 120.770 shares
was over *2 .', JdO.OOO, all of which purchase price, except about
?!10<l,000. has been paid. The compani has no other ILaliilltiea except
or cuiTent expenses. The Union Stock Yard & Transit Company is
the owner of tlie ChicaKO Stock Yards, and also of all the capital stock
of the f:liica(fo A- Indiana State Line Railroad Conu)any.
The propertj of the Union Slock Yard * Transit Company and said
Railroad Company consists of about 470 acres of laud and 130 miles
of steel tr.icked stanilard-itauge railway, all situated in the city of
ChicaKO- The company owns about one mile of river front accessible
to lake vessels, and has about one mile of frontage on Halstea<l Street
and about three-fourths of a mile on Forty-sovonth Street, both of
whicii are important thoroughfares in Chicago. On the greater part
of the land are railway sidinKS, cattle sheds and pons to accommodate
25,000 head of cattle. 12,00O sheep and ItiO.OOO hogs, brick stabling
for 2,000 horses, water works, forty miles of water ami drainage pipes,
fifteen miles of macadamized stVectH. bank b illdings. merchants'
offices, a cattle exchange, a hotel with capacity for.'JOO guests, an electric-light |>lant whioii lights the yards, hotel, exchange, etc., a large
W
ized.
ST
K^oxvILLE, Tenv.— $75,000 sewer bonds are proposed.
RAILROAD AND MISCELLANEOUS COMPANIES.
Aherican Bell Telephose.— 25,000 shares of new stock have been
authorized, making total $15.000.0.J0.
Baltimore Belt RR.— $5,000,000 1st luortgage 100-year 5 per cent
fold boniis are offered for subscrihtion by Messrs. Brown Bros & Co.
nil
particulars will be found in our advertising columns.
Central & Hndson River.— The statement of
earnings, operating expenses, etc., for the quarter and six
months ending December 31 is as follows:
^Sixmonthimd. Dee.SX.—.
QuarterenU. Dcc.3\
1890.
1889.
189P.
1890.
$19,276,453 $18,526,690
Grosseamings.... $9,531,252 $9,102,455
12,592,530 12.523,503
6,285,981
Operat'g expenses 6,219,318
(65-33%)
(66-43%)
Expenses to earns. (65-25%)
( 67-59%)
New York
—
.
Neteamings.. $3,311,904 $3,176,474
First charges
Profit
Dividends
Surpiue
New York
$6,683,923 $6,003,187
4,196,40©
3,943,700
1.965,420
2,114,400
."$1,346,483
$1,062,074
$2,740,222
$167,791
$504,515
$1,806,78«
1%894,283 1% 894,283 2'ii%2.235,707 2%1.788,5e6
$452,200
C! 'cago
&
St.
$18,23©
Lonls.— This company (commonly
as the Nickel-Plate) has declared its first dividend of
the
ii4 per cent on the first preferred stock. The report for
year ending Dec. 81, 1890 (December estimated) is as follows:
known
:
THE CHRONICLE.
204
$5,821,958
4,759,570
Gross earnings
Operating expenses
[Vol. Lll,
& Baldwinsvllle.— A certificate of organization
new company has been filed in the Secretary of State's
Syracuse
of the
Albany. The directors are Wallace C. Andrews,
William A. Cauldwell. Richard A. Dorman, of New York;
Thomas F. Goodrich, Charles D. Marvin, of Brooklyn; George
$1,075,161
S. Coe, Jr., of Englewood, N. J., and Floyd F. Bently, of
Baldwinsvllle. Capital, $160,000.
The company has pur$785,600
93,748— 879,348 chased and will operate the road of the old company of the
same name, running from Amboy Station, Onondaga County,
$1,062,388
12,773
Netearninge
Add Interest on deposits
Net income
Pediiet—
Interest on bonds
SinklnKfund
Balance
^^^5'^i?
175,000
3>3 per cent dividend requires
office at
to Baldwinsvllle.
—
Texas Central. This railroad is to be sold in foreclosure on
the 25th of March, as may be seen by the advertisement of
Stock Exchangre.— New Securities Listed.—The sale in the columns of the Chronicle. Messrs. Charles Moran,
Governing Committee of tlie New York Stock Exchange have Cornelius B. Gold and Henry K. McHarg, as a committee, inadded to the List for dealings the following
vite holders of the first mortgage 7 per cent bonds of the comCektbal Ohio Kailkoad.— $1,500,000 additional first mortgage i^s pany to deposit their bonds at once at the offices of the
cent
gold
bonds.
per
Chicago & 'Western Indiana Railroad.— $383,000 additional gen- Farmers' Loan & Trust Company, and to sign the bondThe agreement provides for the payment
eral mortgage slaking fund 6 per cent gold bonds, making the total holders' agreement.
amount listed $10,883,000.
of an assessment of $10 per bond at the time of making such
additional
Bchlinoton
Qdinct
Railroad.—
$1,165,000
&
Chicago
Nebraska extension 4 per cent coupon and registered bonds, making deposit, and empowers the committee to purchase the railway
for the assenting bondholders. The road runs from Ross to
the total amount listed $25,915,000.
Chicago St. Louis & New Orleans Railroad.— $1,466,000 addi- Albany, Texas, 177 miles, and from Garrett to Roberts, 52
listed
of
making
the
total
amount
cent
gold
bonds
1951,
tional 4 per
miles, a total of 229 miles, and is operated by the Houston &
$16,526,000.
Edison General Electric Compant.- $2,496,500 additional capi- Texas Central.
tal stock, making the total amount listed $12,000,000.
Trust Companies of New York. The semi-annual reports
Indianapolis Dkcator & Western Railway.— Engraved trust
receipts for second mortgage bonds amouating to $1,213,000 and in- of the companies below for the six months ending Dec. 31,
amounting
bonds
to
$705,000.
1890,
have been made to the Banking Department at Albany,
come mortgage
Illinois Central Railroad.— $942,000 additional 4 per cent gold in addition to those published last week.
1
making
the
total
amount
listed
$12,981,000.
bonds of 952.
NEW YORK SECURITY & TRUST CO.
Missouri Kansas & Texas Railway.— $308,000 additional first
mortgage 4 per cent gold bonds, making the total amount listed $39,Resources.
$20,813
Surplus
New York
:
—
774,000.
New York & Perry Coal & Iron Company.— $465,000 first mortgage 6 per cent gold bonds.
New Orleans & Northeastern Railroad.—$70,000 additional
prior lien mortgage 6 per cent gold bonds, making the total amount
fisted $1,120,1180.
Pittsburg Cincinnati Chicago
*
St.
Louis Railway.— $6,818,000
Bonds and mortgages
Stock investments (market value)
Amount loaned on coUaterals
Amount loaned on personal securities
Cash on hand and on deposit
Otherassets
June30,lS90. Dec. 31,1890.
$256,000
$266,000
889,596
1 ,258,925
consolidated mortgage 4's per cent gold bonds, series A.
Richmond
Danville Railroad.— $271,000 additional consol. first
mortgage 5 per cent gold bonds, making the total amount listed $3,<fe
240,000.
Rio Grande Junction Railway.—$100,000 additional first mortgage 50-ycar 5 per cent gold bonds, making the total amount listed
|l.'850,000.
Total
Philadelphia
the
first
month
& Reading.—The
of the fiscal
statement for December,
year, shows the following
December.
1889.
1890.
$1,654,942
$1,686,111
989,442
986,462
.
Railroad Company.
Gross receipts
Gross expenses
Net earnings
Other net receipts
Total
Deduct—
Permanent improvements
Proportion of year's charges
Total
Surplus
Coal & Iron Co.
Gross receipts
Operating expenses
Netearaings
Deduct—
Colliery improvements
Permanent improvements
Proportion of year's charges
Total
Balaaoe
Surplus of RR. Co
Balance, both Co.'s
$665,500
17,762
$699,649
33,706
$683,262
$733,355
$69,913
570,593
$49,783
614,501
$640,500
$42,756
$664,284
$69,071
$1,374,597
1,311,275
$1,606,377
|1,511,126
$63,322
$95,251
$91,807
$73,765
11,618
68,000
68,511
$160,318
$153,383
df.$96,996
42,756
df.$58,l32
69,071
df .$54,240
sur.$lO,930
proposition about $3,000,000 out of the $5,000,000 have so
far assented.
;
& Son Francisco.— a circular has been sent to the
preferred stockholders by David P. Kimball, N Willis
Bumstead, H. H. CampbeU. E. Pierson Beebe, Thomas NickerBon, Unel H. Crocker, C. J. Morrill, Samuel C. Eastman
Georce P. Mescrvy and William Minot. Jr. It simply announces that they have consented to act as a committee
for
the stockholders, and request that names and addresses
be
sent to David P. Kimball, 85 Congress St., Boston.
San Antonio & Aransas Pass.- Messrs. Mynderse and Dick89P, couDKel for the reorganization committee, have returned
from Texa-s and submitted a plan to the committee which thev
have favorably received and will probably shortly make pubhc
It is proposed to have only a first mortgage 5 per
cem bond
aad preferred and common stock.
St. Louisi
$5,817,894
$6,143,600
Capital stock paid In
Burplusfund
Undivided profits
$1,000,000
500,000
74,775
1,780,812
2,425,104
37,201
$1,000,000
500,000
169,843
2,532,425
1,924,183
17,147
Other
liabilities
Total
Supplementary.
Interest and profits received last 6 months..
Interest credited depositors, same period...
Expenses of the institution, same period..
$5,817,894
$6,143,600
$138,188
29,072
19,140
$125,990
61,343
Am'tof deposits on which
Rate of interest on same
int. is
allowed...
12,356
3,527,876
3,730,691
2 to 5
2 to
4
REAL EST4TE LOAN & TRUST COMPANY.
,
Poughkecpsio Bridge.— This company has issued a circular
asking the holders of the 6 per cent mortgage bonds of the
company to sign and execute an agreement for the funding of
four coupons (two years' interest) of the bonds, and appointing Messrs. Charlemagne Tower, Jr., Joseph M. Shoemaker,
John Sailer, George McFadden and Arthur Brock a committee
to arrange the form and manner of funding and to protect the
interests of such bondholders as may become parties to the
agreement. The bonds are widely scattered and among small
holders, a majority of whom have made no response to the
first
3,624,104
270,484
646,439
77,647
Lialnlities.
in trust
The Chicago Junction Railways & Union Stock Yards Company.— Deposits
General deposits, payable on demand
$10,000,000 coUateral trust 5 per cent gold bonds; $6,308,300 6 per
cent cumulative preferred stock and $6,114,200 common stock. The
Committee on Stock List was authorized to add to the List as issued
preferred stock up to $6,500,000 and common stock to a like amount.
The National Cordage Company.— $5,000,000 preferred and $10,000,000 common capital stock.
Wheeling & Lake Erie Railway.— $1,430,000 extension and improvement mortgage 5 per cent gold bonds.
3,271,669
897,053
467,400
36,173
Resources.
Stock investments (market value)
Amount loaned on collaterals
Amount loaned on personal securities
Cash on hand and on deposit
Otherassets
Total
Dec. 3 1 1 890,
$648,816
605,847
50,000
117,982
7,466
$1,430,112
Liabilities.
Capital stock paid in
Surplus fund
Undivided profits, Oct. 21 to Dec. 31
General deposits, payable on demand
Other liabilities
Total
$500,000
250,000
2,056
676,199
1.857
$1,430,112
Supplementary.
Interest and profits received, Oct. 21 to Dec. 31
Interest credited depositors, same period
Expenses of institution, same period
Amountof deposits on which interest is allowed
$5,405
1,067
4,949
676,199
3 to 4
Rate of interest on same
West Va. Central & Pittsburg.—At the annual meeting a
resolution offered by Mr. Elkins was adopted approving all
the acts and doings of the President and officers of the company, authorizing the President to open and operate any
mine on the company's coal lands, empowering him to sell
the 0,000 shares of the common stock of the company now
in the treasury, and all or any part necessary of the $3,600,000
of bonds still remaining unissued for the extension of the
road. This amount is $1,100,000, there being $3,500,000 now
outstanding.
The total number of shares of stock represented at the meeting was 53,933. President Davis held proxies for the holdingg
of James G. Blaine, William Windom, Thomas F. Bayard and
others. Senator Gorman's brother, W. H. Gorman, held his
proxy.
President Davis and Vice-President Elkins were
re-elected and the following directors: Henry G. Davis,
S.
B. Elkins, Thomas B. Davis, John A. Hambleton,
James G. Blaine, W. H. Taylor and K. C. Kerins.
The total net earnings of the company for 1890 from mines
and railroads were $205,320; interest on bonded debt due July
1, 1390, and January 1, 1891, $141,811; balance after deducting
all fixed charges, $101,075.
During the year $295,171 was expended in rolling stock. The bonds of the company sold last
year were all placed at a premium, 105 and upward with interest added.
Total issue of bonds to date, $2,500,000; The
company's lines have been extended and improved, and
arrangements are being made for connection with Pittsburg
on the north and the Chesapeake & Ohio Road on the south.
Worcester Nashua k Rochester.— The stockholders, at
a meeting January 29, approved the idea of the directors
to issue bonds to fund the floating debt of the road andito
furnish
means
for the retirement of its bonds.
:
JAITCART
THE
8t, 18»1.]
'^cpovts
(
:
BRONK LE.
and Hocnments.
BALTIMORE & OHIO RR.
IIALTIMOUE BKLT RAILROAD COMPANY.
MORTGAGE OF THE BALTIMORE BELT RAILROAD COMPANY, DATED SEPTEMBER 15, 1890,
SECURING $6,000,000 OF 5 PER CENT GOLD BONDS,
DUE NOVEMBER 1, 1990.
FIRST
205
llabcdby the company for that purpose, but the same may bo registered to bearer, and themafter shall be trsnsferablt) by dellverr until
•gain registered In tbe owner's name as before. The regUtra'tInn of
the lioiids sliall not aAMSt or restrain the neKOtUblllly ot tbe coupeiu
by delivery merely.
irdef..ult shall be made In the payment of any Instalment of Intereat
on any of snob bonds, the prinelpiil hereof may be made due and payable ns provided In said mortgage.
This bond shall not become obligatory until the r^rtlfleate hereon be
floly alRned on bebalf of the Trustee named In the aforesaid mortgace.
Inwttiutt whereof the iiald Baltimore Rnit Railroad ''ompanyhae
eauaed It* corporate seal to bo heruto alHxeil and the same to ba
attested by tbe elguaturua of Its President and Seoreiary, this first da>
of November, 1890.
THE Baltimore Belt Railroao Compart,
By
,
PARTIES.
&
&
PRKAMBLE-KE80LUTION8 BY BOARD OF DIRECTORS CONCERNING THIS ISSUE OP BONDS.
part
a railroad corpora-
Whereas, Tlie party of the first
tion existinf; for the purpose of owning, operating and conBtructiiiK a line of railroad passing through parts of the city
of Baltimore and parts of Bialtimore County, in the State of
Maryland
And Whereas, The directors of the party of the first part, at
a meeting duly called, and held, as provided by law, unanimously adopted certain resolutions as follows
Whereas, In order to complete the construction and equipment of the Railroad of the Baltimore Belt Railroad Company,
is
;
:
necessary for this company to issue its negotiable bonds,
Resolved, Tliat this company make and issue its first mortmge bonds payable to bearer or the registered owner
thereof for the aggregate amount of $6,000,000, which bonds
shall be of the denomination of $1,000 each, payable in gold
coin of the United States of America of the present standard
of weight and fineness, and shall be numbered consecutively
-,
to 6,000 inclusive, shall be dated as of November 1,
1890, and shall bear interest at the rate of 5 per cent per
1
Secretary.
And to each of said bonds shall be attached as part thereof,
coupons for the semi-annual instalments of interest to be paid
thereon until maturity, substantially in the form following^,
to wit
THE COUPON.
$29
No
00.
"The Baltimore Belt Railroad Company
will
pay
to bearer, at It*
acenoy In the City of New York, twenty-flvp dollars In gold coin of tbe
Uultod 8tat«s of America, on the first day of
being six months*
Interest on Its Hrst Mortgage Bond No.
,
,
Treaturer."
TRUSTEE'S CERTIFICATES.
The Mercantile Trust & Deposit Company, of Baltimore, hereby
bond U one of a series of six thousand bonds of one
thousand dollars each, secured by the mortgage or deed of trust re"
certifies that this
ferred to within.
" Mercantile Trust
"By
&
GUARANTY OF
it is
from
rretidftit.
Attest
Co., a corporation organized
under the laws of the State of Maryland, party of the first part,
Deposit Company of Baltimore, Trustee,
the Mercantile Trust
Ohio Railroad
party of the second part, and the Baltimore
Company, party of the third part.
The Baltimore Belt Railroad
Deposit
Company
of Baltimore, Trustee,
,
I1TTERE8T
BY BALTIMORE
Si
Prendent."
OHIO.
" The Baltimore & Ohio Railroad Compauy hereby agrees to pay an
amount under its perpetual and Irrevocable contract with the Baltimore Belt Railroad Comiiany, for the use of its road, equal to the full
on the within and other bonds of this Issue outstaniling. to bo
paid unconditionally semi-annually to the Trustee, or at the agency of
said Baltimore Belt Railroad Company, In the City of New York, on
the last days of April and October In each year, to be applied to the
Interest
payment of such interest.
" As witness the corporate seal of the said Baltimore & Ohio Railroad
Company, duly attested by its Treasurer, this first day of November.
annum, payable semi-annually on the first days of May and 189U."
November in each year, as evidenced by coupons thereto VOTE OF THE STOCKHOLDERS AS TO THIS ISSUE OF BONDS.
And Whereas, at a meeting ot the stockholders of the party
attached, and said bonds shall become due and payable on the
of the first part, duly called and held in conformity with law,
first day of November, 1990.
Resolvfd, That the President and Secretary be authorized at which the holders of all the capital stock of the party of
on behalf of this company to cause its corporate seal to be the first part were present, in person or by proxy, and voted,
it was unanimously
aflftxed to each of said bonds, and to sign the same as such
Resolved, That the action of the Board of Directors in auPresident and Secretary, and when so executed to deliver the
thorizing the issue of $6,000,000 first mortgage bonds of this
same to said Trustee.
In the execution of the coupons attached to said bonds the company be hereby ratified and approved.
DESCRIPTION OF PROPERTY CONVEYED.
signature of the Treasurer of this company engraved thereon
shall be regarded and treated in all respects in fact and in law
Now THIS INDENTURE WITNESSETH That the said party of
as equivalent to the manual signing thereof.
the first part, for the purpose of securing the payment of the
Resolved, That the agreement of the Baltimore & Ohio Rail- principal and interest of the said bonds, and in consideration
road Company to make up any deficiency in the net earnings of the premises, etc., does hereby assign and convey unto the
of this company to meet the semi-annual interest on said said trustee all the railroad and railroad property more parbonds, shall be endorsed upon each of said bonds, be signed by ticularly described as follows:
:
the Treasurer of the said Baltimore & Ohio Railroad Company
All and singular the line of railroad of the said Baltimore
and attested by the corporate seal thereof.
Belt Railroad Company, with all its branches and appurtenResolved, That the bonds to be issued, and the coupons to be ances of every sort or description, lying in the city of Baltithereto attached, shall be substantially in the form following, more, and the county of Baltimore, in the State of Maryland,
to wit:
and e^ftending from its junction with the Baltimore & Ohio
THE BOND.
Railroad, near Camden Station, in the City of Baltimore,
No.
$1,000
through a portion of said city to a junction with the said
Umted States op AMEaiCA,
Baltimore & Ohio Railroad at Bay View Yard, in the county
State of Maryland.
THE BALTIMORE BELT RAILROAD COMPANY,
FIRST MORTGAGE OOI.D BONDS.
Total Issue. $6,000,000.
For value received. The Baltimore Belt Railroad Company proml-ses
to pay to the bearer If not registered, or to the registered owner
hereof if renistered, the sum of one thousand dollars at the agency of
the »aid company in the city of New Yorit, in lawful gold coin of the
Vuitcd States of America of the present standard of weight and fineness, on the first day of Novemlwr, iu the yeiix nineteen hundred and
nisety, with interest thereon In the meantime at the rate of Ave per
cent per aiiuiim. payable semi-annually in like gold coin, at the same
place, on the surrt-uder of the annexed coupons.
Said payments sliall be made without any deduction by reason of any
tAX or assessment which said railroad company may be required to retain or deduct therefrom by any law of the United States.
This bond is one of a series of this date, aggregating six million dollars, each for one thousand dollais, nuinhercd from one onward consecutively, secured by aiid subiect to all the provisions of a mortgage to
the Mercantile Trust & Deposit Company of Baltimore, Trustee, dated
the flfteonth dav of Septeiniier, clgbtoeu hundred and ninety, of all the
railroad now owned by the said IJaltimoro Belt Railroad Company, or
by it hereafter acquired oetweyn the point of conneotion with the Bal
timore <fe Ohio Rallroail. in the vicinity of Camden Station, Baltimore
City, and extending tarough a portion of said city of B.iltlmoro to the
Junction with the lialtiHiorc & Ohio Railroad near its Bay View Yard.
In the county of Balliinore, in the St^te of Maryland, together with the
franchises of said company and the iirauclies of said Beit Railroad citeudlug from said lUiiiu liue, with all the equipiueut, tolls and income
thereof, and all the cori>orate rights and property of said company
relating to or for use with said railroad and tjranches, which it now
owns or may heieafter acquire, and also ail the income and revenue
resulting from a periietual contract between said Baltimore Belt Railroad Coiupany and tue Baltimore & Ohio Riiilroad oiupany for the use
Kailroad, particularly dcscrilicd in said mortgage, which
among the land records of the saia city and
s.ild railroad is located, to which mortgage reference
is made for the provisions thereof.
This bond may be regisiercd in the name of the owner thereof on the
books of the said railroad cimiiiany.at its agency either in New York or
Baltimore City, which registration shall bo noted hereon by the com
pany's transfer agent, and thereafter no transfer of this bond shall be
valid unless made on said hooks of the compaiiy by the owner in person, or bv his uttoruoy duly authorized, acoordinx to the rule* estafoof said
Bet
mortgage
is
county
which
in
duly recoiilod
of Baltimore.
Together with all the appurtenances and equipment, rights,
privileges and franchises appertaining thereto, and all locomotives, cars and rolling stock and the incomes and profits
thereof.
And including the roadway, tunnels, rights of way
and tracks, implements of all kinds, depot grounds, eng:ine-
and all other buildings and structures and yards.
property of every description, real, personal or mixed,
belonging to or designed for use for or in connection with said
railroad and branches.
Including as well all property and things appertaining to
said railroad which shall be hereafter acquired or possessed
by the party of the first part. And all corporate rights
and franchises now possessed or hereafter acquired, connected with said railroad and branches. Also all traffic contracts with other railroad companies for the use of its tracks
and other property, and the benefit of all other contracts relating to or appertaining to the business of said railroad or
branches, or any of them.
Especially all the benefits and profits to be derived under the
peqietual and irrevocable contract for the use of said railroad
and property by the Baltimore & Ohio Railroad Company, dated
January 6th, 1890, and especially the sums of money therein
mentioned and reserved. Said sums of money, by the terms
of said contract, are to be equivalent to the interest on all of
said bonds herein mentioned which may be outstanding, and
to be si)ecially devoted unto the payment of the interest on
said bonds, as therein designated and mentioned.
ON DEFAULT FOR SIX MONTHS IN PAYMENT OF PRINCIPAL.
OR INTEREST, OR OF TAXES, ETC.—THE TRUSTEE ON BEhouses,
And
all
QUEST OF A MAJORITY INTEREST OF THE BONDHOLDERS
SHALL TAKE POSSESSION.
In case of default for over six months in the payment of the
semi-annual interest on the bonds hereby secui«d, or any of
—
.
THE CHRONICLE.
206
[VOL. Lit.
them, or of default for any period after the maturity
thereof to pay the principal sum of each and all of the
said bonds, or of failure to pay any lawful taxes or charges,
or to keep said railroad property free from any lien whereby
the security of tliis mortgage may be impaired, or of failure
to perform any of the stipulations contained herein, then, and
in either of such events, the Trustee shall, upon the written
request of the holders of a majority in amount of the outstanding bonds secured hereby, forthwith enter upon and
maintain possession of all and singular the railroads, depots
and all the estate and franchises hereby conveyed and
mortgaged.
Af t«r such entry the Trustee shall use and operate the said
sale hereunder by the Trustee, by the holders of a like majority of the said bonds secured hereby, by instruments in writing under their hands. No such action of the Trustee or bondholders shall affect any subsequent default. In the event of
any sale of the estates hereby mortgaged, as hereinbefore
mentioned, or in the event of the entry of any decree of sale
under this mortgage in such judicial proceeding, then, and in
either such case, the whole principal sum of each and all of
the said bonds then outstanding shall forthwith be due and
payable. In no other case and for no other purpose, except
as in this article provided, shall the principal sum of any of
said bonds become due and payable before the date fixed in
such bonds for the payment thereof.
property to as full an extent as the party of the first part
might lawfully do, making from time to time all needful and
proper repairs, alterations and additions, and receiving all
After deducting the
tolls, income and revenue thereof.
expenses of such use, operation, reasonable repairs, alterations and additions, all lawful taxes, etc. the Trustee shall
apply the remaining net income and revenue therefrom, without giving preference, priority or distinction to one bond over
another, to the payment
First, of the interest due on the bonds then outstanding
hereby secured, in the order in which such interest shall
SALE OF THE PROPERTY—TRUSTEE MAY PURCHASE.
At the sale of the aforesaid railroad property by virtue of
the power hereinbefore granted, or by judicial authority, the
Trustee may, with the assent in writing of the holders of at
least one-half of the bonds hereby secured and then outstanding, bid for the same a sum not exceeding the whole amount
,
become due thereon.
Second, in case the principal of said bonds shall have
to the tenor and effect of said bonds,
or of these presents, then to the payment of the principal of
said bonds in full, if the said income and proceeds be sufficient,
but if not then pro rata.
become due, according
OK THE TRUSTEE UPON LIKE REQUEST SHALL BELL THE
PROPERTY AT AUCTION.
of the said bonds then outstanding, with the interest accrued
thereon, and the expenses of such sale. The bonds and overdue coupons aforesaid shall be received in payment of the purchase money of any property sold at such sale as equivalent
to so much of the said purchase money as would be distributable and payable thereon.
DEEDS OF FURTHER ASSURANCE.
The party
of the first part shall execute, at its own expense,
all such further deeds for the better assuring unto the said
Trustee, all and singular the railroad property hereby mortgaged, as by the Trustee shall be reasonably required.
BELEA8G OF PROPERTY FROM THE LIEN HEREOF.
The Trustee shall at all times have full power and authority,
Or the Trustee shall, upon the written request of holders of
a like amoimt of said bonds then outstanding, proceed to sell all to be exercised in its discretion, to release to any parties who
and singular the said railroads, franchises, etc., to the highest may be designated in writing by the party of the first part,
and best bidder at public auction in the city of Baltimore, or free from the operation and lien of these presents, any part of
at fuch place as the said Trustee may designate, and at such the hereby-mortgaged property which in the judgment of the
time as
shall appoint.
Notice shall be given of the time
sale by advertisement published not less
than twice in each week for three months in one or more newspapers published in the cities of Baltimore and New York.
After deducting from the proceeds of such sale proper
allowances for all the expenses thereof, and all liabilities
which may have been incurred for taxes or assessments on
the said railroads, the Trustee shall apply the residue cf the
money arising from the said sale, without giving preference,
priority or distinction to one bond over another, to the payment of the whole amount of the unpaid principal of said
bonds then outstanding, and of the interest which shall, at that
time, have accrued and be unpaid, pro rata, without preference or priority, and ratably to the aggregate amount of such
unpaid principal and accrued and unpaid interest.
it
and place of such
OK PROCEED BY SUITS TO ENFORCE THIS MORTGAGE.
Or the Trustee shall, upon tlie written request of the holders
of a like amount of said bonds then outstanding, proceed to
enforce the rights of the bondholders under these presents bv
suits in equity or at law, whether for the foreclosure of this
mortgage or for the specific performance of the stipulated
covenants contained herein, whether in aid of the execution
of the powers herein granted or otherwise, as the Trustee,
being advised by counsel learned in the law, shall deem most
effectual to protect and enforce such rights.
8AID POWERS OF ENTRY OR BALE ARE CUMULATIVE
REMEDIES.
It is hereby expressly declared that the rights of entry and
sale hereinbefore granted are intended as cumulative remedies, addional to all other remedies allowed by law.
party of the first part shaU be unnecessary for use in connection with the operation and maintenance of the said railroads
and their business. Provided, always, that the proceeds of
any sale, exchange, lease or other disposition of the property
so released shall be invested by the party of the first part,
either in the improvement of any remaining part of the mortgaged premises, or the purchase by it of other property, real
or personal, which property so purchased, as well as any that
may be acquired in exchange as aforesaid by the party of the
first part, shall be subject to the lien and operation of these
presents.
And
the said party of the first part shall have full power
to time to dispose of any portion of the rails on its
said railroads, or equipment, machinery, tools and implements
which shall, in its judgment, have become unfit for such use
provided, however, that so far as necessary the material and
equipment so disposed of shall be replaced by other and better material and equipment, which shall be subject to the lien
and operation of these presents.
from time
;
.
COMPANY WAIVES THE RIGHT OF BENEFIT FROM EXTEN
SION APPRAISEMENT, ETC., LAWS.
The party of the first part hereby irrevocably waives the
benefit of all stay, exemption, extension, valuation and appraisement laws now or hereafter existing which might prevent, postpone, hinder or delay the exercise of the right of
the Trustee to enter upon, operate or sell the mortgaged premises or any part thereof, etc.
TRUSTEES MAY BE APPOINTED BY A MAJORITY INTEREST
OF THE BONDHOLDERS.
In case at any time hereafter the Trustee shall resign or be
court of competent jurisdiction or otherwise, or
BONDHOLDERS TO HAVE RIGHT TO INSTITUTE PROCEEDINGS removed by a
ONLY IN CASE TRUSTEE FALLS TO ACT-OTHER PROVI- shall become
SIONS.
No holders of any bonds or coupons secured hereby shall
have the legal right to institute any suits for the execution of
the trust thereof without first giving thirty days' notice in
writing to the Trustee of the fact that default has occurred
and continued as aforesaid, nor unless the holders of a majority of the said bonds then ou|;3tanding have made request
in
writing to the Trustee, as above provided, and have afforded it
a
reasonable opportunity to proceed to execute the powers
hereinbefore granted, it being intended tliat all proceedings
law
or equity shall be instituted and maintained for the
equal
benefit of all holders of said bonds and coupons outstanding
Neither the Irustee nor holders of the bonds or
coupons
secured hereby shaU seU the premises hereby mortgaged
or
institute any suit for the foreclosure hereof,
otherwise than in
the manner herein provided.
m
ON DEFAULT FOE
SIX MONTHS IN THE PAYMENT OF IN
TERE8T. THE TRUSTEE, UPON REQUEST OP THE
HOLDERS
""' "^^ ^"^"^' «=^^^ ^^«^^«^
PBINCIPrmiE"
™^
In case of default for more than six months in
^
the payment
of the semi-annual interest on any of the
bonds herebv
secured the holders of a majority in amount
of the said
bonds then outstanding may, by instruments in writing
under
their hands, mstruct the Trustee to declare
said principal sum
to be due and payable, whereupon the whole
principal sum of
each and all of said bonds then outstanding shall
forth wUhte
due and payable But such declaration may be
annulled before the entry of any decree of sale under
this mortg^e in
any judicial proceeding and before the advertisement
of any
unfit to act in the said trust, the successor or
successors to the said Trustee shall be appointed by the holders
of a majority in interest of the bonds secured hereby and outstanding, by concurrent instruments signed by said bondholders or their attorneys. But in case it shall at any time prove
impracticable, after reasonable exertion, to appoint in the manner hereinbefore jprovided a successor in the event of a vacancy in said trust, the new Trustee may be appointed upon
application to any court of competent jurisdiction in which
any part of the mortgaged property may be situated, upon
apphcation of the holders of one-eighth in interest of the
amount of said bonds then outstanding.
THE BALTIMORE & OHIO RR. CO. COVENANTS TO PAY INTER-
EST,
The
TO KEEP THE PROPERTY
Iff
REPAIR, ETC.
&
said Baltimore
Ohio Railroad Company, having by a
perpetual and irrevocable contract with the said Baltimore
Belt Railroad Company, of date January 6, 1890, agreed to
use the railroad of the said Baltimore Belt Railroad Company
upon the terms and conditions therein mentioned, doth hereby
covenant for the benefit of the holders of any of said bonds,
that the revenue arising therefrom shall be equal to the interest upon the bonds provided to be issued under this mortgage,
and shall be devoted to the payment of said interest semi-annuaUy on the first days of May and November in each year.
Further, that the terms and conditions of said contract shall
not be altered and the rates of charges for the use of said
railroad of the party of the first part mentioned in said contract shall not be reduced at any time during the continuance
of this mortgage, or of any extension thereof,
so as to make
the said sum so to be paid by the said Baltimore
Ohio Railroad Company lesE than the annual interest of said bonds, as
herein mentioned. And that it, the said Baltimore
Ohio
&
&
:
1,
Januaky
3:,
H
1
THE CHilONlCI^
J
Company, will, 111 purHuiiuct> of the said contriut, at
|>ro|KT cost and cx|H'nt«>, pay tlio actual cost of niuintainiiiK. ivpairinjc, reiiowiiix and kecpiuK in good and muIHcient order and repair thu tracks, Htaiions, tunnelH and apRailroad
its
207
She Commercial '^imcs.
COMMERCIAL EPITOME.
own
proaches tliereto, and
all other appurtenances of said Baltimore
Belt Railroad Company, as well as all taxes lawfully asseMod
on siiid projwrty. This covenant shall apply to any extension
of this mortKago after the maturity thereof.
Friday Nioht, Jan.
80, 1891.
A storm
occurred on the night of Saturday lost which,
COUPONS WHEN PAID OR PUUCHASED TO BE NO IX)NOEB though not in itself very severe, worked more damage to teleSECURED HEREBY.
graph, telephone and electric-light wires than they have sufIt is agreed, however, that no interest coupons annexed to fered on any similar occa.sion|in their history. Communication
the bonds secured hereby, after maturity and after payment with other ports of the country almost wholly ceased and has
or purchase by the Baltimore Belt Railroad Company, or by not been vet fully restored. A heavy snow-fall at the West
the Baltimore & Ohio Railroad Company, or by any person or obstructed railroads, but benefits other interests. The partisan
corporation making such payment or purchase with funds contest which lias obstructed the action of Congress lor some
furnished directly or indirectly by either of said railroad com- weeks came to an end on Tue«<lay, and tetter progress has
It seems highly prol>able that
panies, shall, after 9uch (uiyment or purchase be considered as been made with public affairs.
secured by this mortgage as against the holders of bonds or n) new law regarding silver coinage wiIi;bo passed at the present session of Congress. General trade has improved and
coupons secured hereunder.
speculation has at times moved with a more confident tone.
An advance in wheat and a decline in cotton are the most conspicuous phases of the markets. The sudden death last night
of William Windom, Secretary of the Federal Treasury,
THE NEW YORK & PERRY COAL & IRON
COMPANY.
a public calamity.
Lard on the 6yn>t has been moderately active throughout the
week until to-day, when it became quieter and barely steady at
5-60c. for prime city and 6-07J^c. for prime Western, with
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
refined for the Continent quoted at 6-05^ 6-45c. The speculation in lard for future delivery was slightly depressed early in
New York, January 22, 1891.
The property of the company is located at Shawnee, Perry the week by free selling for account of packers, owing to the
County, Ohio. It consists of 600 acres of coal lands, owned in arrival of large numbers of swine at Western points, but
fee; 40-62fs acres of ore lands, owned in fee; 430 acres of coal values slightly improved in sympathy with the grain markets.
lands, leased (royalty of ten cents per ton on all coal mined); 5 To-day, however, there was some irregularity.
DAILT oiiosrao raicKs or l.aiu> nrmius.
coal mines, with a capacity of 600,000 tons per annum; 2 blast
Sat.
Km Tuet. Wed. Thur. Fri.
furnaces, with a capacity of 45.000 tons per annum.
Febiuary
delivery
6-05
o.
602
601
6 05
601
606
An income is also derived from the following sources: 1 March delivery
o. 615
6 16
6-15
612
613
6 1
store, with a business of 850,000 per annum, and at present April delivery
6-26
6-23
6-23
6-26
o.
6 29
624
6-33
6-36
6-32
6-32
6'34
containing goods appraised at $6,000; 38 dwellings, rented at May delivery
o.
6-33
«-46
6-44
June delivery
6-42
o.
6-45
644
|3,300 per annum.
Pork declined on Wednesday 25@ 50c. per bbl. and has since
Officers.— Frank L. Froment, President; George A. Blood,
been much more active; quoted at $9 75(3 $10 50 for old mess,
Vice-President; James F. Tweedy, Secretary and Treasurer.
Trustees. Frank L. Froment, George A. Blood, James F. $ll(a$ll 50 for new mess, $9 50® $10 for extra prime and
Tweedy, Frank P. Perkins, Hildreth K. Bloodgood, Charles T. $11 50i(«13 50 for clear. Beef has remained nearly nominal;
extra mess, $7c*$7 50
packet, $8 o$8 50 family, $9.<i$10 per
Galloway, Samuel M. Stevenson.
extra India mess, $13^ $14 sO per tierce. Beef hams
Principal office of the company, No. 2 Wall Street, New bbl.
quiet at $12(4 $12 50 per bbl. Cut meats have continued in deYork.
The authorized bonded indebtedness of the company is mand, and the partial recovery in prices noted last week has
$600,000 First Mortgage Gold Bonds, covering all property been fully maintained, the sales to-day inclui ing large lines
owned at present or to be acquired in the future. The date of pickled bellies, 10(gl3 lbs. average, at5i^c. closing quoted
of issue was April 25, 1890. All the bonds will mature May as follows pickled bellies, 5iS 5%c. pickled shoulders, 4(a 43^c.
and hams, 75j(37%c. Smoked shoulders, 5}4@^Hc-, and
1, 1930; the par value of each bond is $1,000; the numbers of
the bonds are from 1 to 600, both inclusive; the rate of in- hams, Qia 93^c. Tallow is in better demand at i%c. Stearine
terest is six (6) per cent per atmum, payable semi-annually, is quoted at 65g@6J^c., and oleomargarine, 5i^(g5S^c. Butter
May 1 and November 1 in each year, at the company's office dull at 20(8 28c. for creamery. Cheese is firm at B}4@\0}ic.
or agency in New York City. Bonds may be registered at the for State factory, fuU cream.
Coffee on the spot has been fairly active at about steady
company's office in New York. Trustee of the mortgage, the
prices, with Rio No. 7 selling at 17J^c.
Farmers' Loan & Trust Company.
Mild grades met with
The company has sold $465,000 First Mortgage Six per Cent a moderate demand. Yesterday and to-day, however, trade
Bonds, and has deposit in bank to pay the coupons due on was rather slow. The speculation in Rio options has been
-same. May 1,1891; and has materials and goods and cash rather quiet. To-day a firmer opening on favorable foreign
assets on hand and paid for having cash value more than suffi- advices was soon changed to a feeling of depression under
cient to pay the coupons due November, 1891, and all floating freer selling orders, partly from Europe, closing barely steady,
with sellers as follows
liabilities of the company.
Tlie balance of the machinery necessary to work the wash- February
lfi-70c. May
..15-850. August
1505c
March
16-40c. June
15'65o. Septemher
ery and crusher has been received from Europe, and the plant
14-65o.
April
16100.
July
15-40C.
December
13 60o.
will be in full operation February 15, twenty-eight ovens,
showing an advance for the week of 10® 20 points, except
with a capacity of 68 tons of coke per day, being now comthe distant months are lower.
pleted.
Raw sugars show some decline, closing somewhat unsettled;
The company is also at present mining and selling coal, and
has in active operation the store on its property and has all of quoted at 4J4®4Jgc. for fair refining Muscovado and 5}^@5^c.
ia
—
;
;
;
:
;
:
I
I
—
its
dwelling houses rented.
We submit a statement of the company's condition
sale of $465,000 First
after the
Mortgage Bonds.
FLSANCIAL CONDITION JANUABT 22, 1891.
A8»et8.
and mineral rlsrhts, furmacliiiury Iniililiucs. store build:ii... il\ve!liu>: houses. euRliics, boilers,
ies«-i voira. coke ovens,
washcry and
cnmlicr. &e., railroad tracks, coal mine
R<-aI pafatc, leases
n:ii r-,
,
tracks, steam cable. &c
$3,600,000 00
Mertlmndise in store, ore, cinder, limestone Hiiil iron, at cost
18,623 25
Cash on liaiiil
14,450 00
Bills rercl valile
1,250 00
Capital at<ick in treasury (225 shares)
22^500 00
Elrat mortgaKe bonds unsold
135,000 00
.
;
$3,791,823 25
Liabilitiei.
Capital stock
$3,000,000 00
First mortKHKc lionds
and accounts due
Interest due on bonds
Bills payable
600,00000
63,542 93
6,525 00
—
•
;
3,670.067 93
Surplus
~${2l7755 32
Application is hereby made to have listed on your Exchange
$465,000 of the First Mortgage Bonds of this company, numbered from 1 to 465, inclusive.
JAS. F. TWEEDY, Secretary.
The Committee recommended that the above-described
$465,000 First Mortgage Six per Cent Gold Bonds, Nos. 1 to
465 inclusive, be admitted to the list.
Adopted, January
28, 1891.
for centrifugal of 96 deg. test.
Refined sugars also lower.
with more doing at the reduction; standard crushed quoted at
6 7-16c. and granulated at 6 l-16c. The tea sale went off at
steady prices, but at the close the business at private sale is
lees active.
Kentucky tobacco has been quiet, the sales being limited to
200 hhds. mostly for export. Seed leaf continues in good
demand, and sales for the week are 2,565 cases, as follows:
900 cases 1889 crop, Pennsylvania seed, 10c. to 13c.; 350 cases
1889 crop, Pennsylvania Havana, 13J^c. to 30c.; 440 cases
1889 crop, Wisconsin Havana, 9i|c. to 12Kc.; 175 cases 1889
crop, New England Havana, 16c. to 50c.; 50 cases 1888 crop.
New England Havana, p. t.; 200 cases 1889 crop, State Havana,
14c. to 22c. 200 cases 1889 crop, Zimmer's Spanish, 133^c. to
16c., and 250 cases sundries, 7c. to 35c.; also 800 bales
Havana, 723^c. to $1 15.
On the Metal Exchange Straits tin has been active, but today was quieter, though the sales were 35 tons at 20'10c. for
April and 20"15c. for May
quoted at 20'05c. on the spot.
Copi^er is easier and quoted at 14'35c. for Lake. Domestic
lead was decidedly higher and closed strong a' 4'47>^c. The
interior iron markets report more inquiry, but at low prices.
Some sales of pig iron warrants have been made at $15'12J^.
Steel rails at the mills steadily held at $80, but sales very slow.
Petroleum is quoted at 7'45c. in bbls. and 9-45c. in cases ;
naphtha, 7c.
crude, in bbls., 7*10c., and in bulk, 4,55c.
Crude certificates close at 75?gC. per bbl. Spirits turpentine
is dearer, closing firm at 4i«i41J^c.
Rosins are also firmer,
with a fair demand at $1 421^(3 $1 47}.^ for strained. Wool
is more active, and low grades bring rather more money.
;
Hops continue
depressed.
.
..
.
THE CHRONICLE.
208
OTT O N.
C
Friday. P. M., January
as indicated by our telegrams
week ending
from the South to-night, is given below. For the
reached U5,W6 bales,
this evening the total receipts have
30, 1891.
The Movement of the Crop,
the previous
against 178,943 bales last week and 174,855 bales
ISJO,
week, making the total receipts since the 1st of Sept.,
same period of
5,261,659 bales, against 4,962.425 bales for the
of 4\iy,i6i bales.
1889-90, showing an increase since Sept.l, 1890,
Hon.
Sat.
Beeeipts at-
1,438
New Orleans... 12,017 10,098 13,802 13,870
443
1.080 2,879 2,644
MobUe
9,280
1,466
4,767
7,683
Brunsw'k, &o.
Charleston
Port Royal.Ao
1,817
3,634
4,420
2,383
1,327
2,257
3,262
1,870
656
610
987
573
569
2,144
1,330
4,641
2,322
7,832
2)887
6,230
1,497
1,361
1,498
1,166
1,090
690
221
179
500
210
1.085
316
Wilmington
484
484
3,916
3,185
1,562
26,461
3,185
12,467
29
500
182
29
Wa*'gton,&c
Norfolk
West Point..
York
Boston
Baltimore
74
87
Flilladelpli'a,&c
239
429
72
3,894
1,063
49
85
3,895
182
21,486
10,786
2,183
6,237
1,594
3,894
1,410
2,278
1,252
2,483
1,706
N*ifp'tN'g,&o.
New
18,651
1,838
67,631
9,357
3,574
1,838
7,667
845
Florida
Bavaimah
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, no*
add similar figures for
cleared, at the ports named.
New York, wliich are prepared for our special use by Messrs,
Lambert. 24 Beaver Street.
Carey, Yale
We
&
On
Totals this week 28,405 37,189 38,251 32,201 22.140 36.917 195,103
Shipboard, not cleared—for
Leaving
Jan. 30 at-
Other
v^„„,.
^^"™^'Foreign
Great
Britain.
New Orleans...
13,708
238,297
697,180
60,177 22,937
39,645 [28,514
170.300
173,939
525,267
13,112
82,162
83,017
93,970
4,169
11,810
Galveston
Norfolk
New York
Other ports
Total 1890.
Total 1889.
11,512
None.
None.
Total 1891... 129,315
Savannah
18,769
2,000
9,500
7,500
22,346
30,000
4,200
35.000
None.
None.
500
None.
None.
1,100
Stock.
Total.
wise.
291,868
41,047
33,66»
78,000
53,569
23.562
109,612
05,653
None.
..
Coast-
55,424
4,000
27,200
16,700
27,873
37,000
10,100
60,000
23,088
None.
16,500
5,700
2,074
5,000
4,800
25,000
>foblie
Charleston..
3,082
4,505
3,937
2,115
Galveston
El Paso, &c...
Total.
Fri.
Thurs.
Wed.
Tues.
[Vol. LII.
2,055
2,000
1.200
3,000
3,453
2,000
765,35.5^
The speculation in cotton for future delivery at this market
was dull on Saturday last, but prices showed little decline.
much to ourselves, a violent
telegraph and telephone communication in all directions, and a small demand to cover was
sufficient to cause a slight advance. On Tuesday the increased
movement of the crop began to be revealed by the receipt of
On Monday we were
left pretty
snow storm having cut
off
delayed Southern telegrams. A heavy selling movement and
a sharp decline in prices were the result. Wednesday was the
They
first day for notices for delivery on February contracts.
For comparison we give the following table showing the did not come out very freely, and were stopped early
week's total receipts, the total since September 1, 1890, and
Consequently an early decline under weak
in the day.
the stock to-night, compared with last year.
advices
Liverpool
IhU
.
New Orleans.
MoWle
Florida
..
Brims., &o.
Charleston ..
3,895
.
182
Wash'tn,Ac
24,486
10,786
2,483
6,237
1,594
3,894
1,440
Norfolk
West
NwptN.,Ao
Point.
New York.
..
Boston
Baltimore.
625
165,480
3,463
496,124
263,916
55,735
56,157
59,193
42.726
31,119
29
F.Koyal.&c
WUmlngton
1890.
18,651 837,602
18,096
1,838
67,634 1,555,010
9,357 237,636
33,782
484
26,461 876,320
3,185 154,361
12,467 374,294
Qalveston .
El Paso,<to.
Savannah.
1,
..
FhU'del'a,<tc
Since Sep.
1, 1889.
Ihit
Week.
Since Sep.
Wetk.
Stock.
1889-90.
1890-91.
Keceipta to
Jan. 30.
18,265 758,085
14,244
2,017
61,323 1,660,414
6,355 219,584
839
21,634
17,692 836,483
4,187 142,937
4,523 296,038
40
1,768
4,112 125,262
173
3,669
10,054 346,910
9,839 279,271
1,326
41,315
70,472
4,579
46,479
2,625
7,384
54,056
3,902
43,804
81,442
50,995
347,292
45,017
289,688
22,535
94,700
13.146
60,869
27,602
60,562
18,636
21,156
119,712
18,001
17,323
6,990
195.103 5,261.659 159.265 4,962,425
Totals
1890.
1891.
935,477
at—
Galy'8ton,dto
1890.
1891.
20,489
67,634
9,357
26,461
12,496
4,077
24,486
13,269
16,834
1888.
1889.
20,312
61,323
6,355
17,692
4,563
4,285
10,054
11,165
23,516
12,312
45,344
9,582
15,626
8,851
1,758
1887.
695,567
we
1886
20,911
28,281
11,481
50,879
6,289
11,715
7,654
2,380
11,376
4,6S2
9,952
Tot this week 195,103 159,265 155,351
98,668
130,753
122,418
..
Charl'st'n.&c
WUm'gt'n,&o
Norfolk
W't Point,
(to
All others....
12,68s>
for the
week promised
The exports for the week ending tills evening reach a tota 1
of.163,313 bales, of which 109,462 were to Great Britain, 14,895
to France and 3S,856 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1890.
Bxported to—
Bxportt
/rotn—
Oreat
Conti-
Brtt'n. France
Galveston
New
|
Orleans.
Mob. 4 Penc'la
Savannah
Bruniwick
21.021
28,408
13,108
nent..
. . .
4,036
13.647
63,702
13.108
16,668
18.868
1,S04
6,510
Wllmiiitton...
2u,179
Wast
Point....
6,610
M'portNwa.Ac
Mew York
Boston
9,446
7.428
Bsltlniore
Phlladelp'a.&c
Total
ToUl.
1889410.
20,179
6.610
l.«48
200
3,912
11.605
608
2S8
7.936
1,027
10B.W2
63.760
458
1.027
14.895
6.618
1,
1890, to Jan. 30. 1891
Exported to—
Great
Week. BHtain. France
. . .
CbarleBton
Sept.
\
Total
2.3S9| 23,380
13,647
from
4C 9,687
24,933
532,912 301.022
71,058
104.971 92.928
81,624
96,993 18,830
74,238
197,640
11,549
97,416
17,919
244,305
20.680
100.148
42.192
13,881
1,647
9,241
Continent.
Total
87,855 622,375
370.163 1.204.437
71,063
322.617 480,518
14,459
99,083
152,111
265,734
62,110 127,985
81,181 240,370
19,551
116,997
17,910
112,681
377,613
2.908 108,063
85.882
87,116
1.655
15,036
88.856 168,213 2,087,434 418.280 1.203,573
82.148
to
be relatively large, the
—
91.416 2,033,718 421,881 1,137.935 3,503,584
65i
7'16
8I1S
7ha
8'ie
8'l6
8hi
8 hf 813,8
9hg 0<„
938
O^e
1014
11
Ilia
Fair
GULF.
V
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
9%
11
Ills
lllfl
id on
7',,
7:1,6
758
7^8
8><a
8H
878
914
9=8
lOijB
1011,6 1011,6
ll'Jis 117,8
ll'»,. lll=,»
708
81s
8 '3
9H
^>lb.
Frl,
6ili«
61 lis
7%
7%
8
838
8
838
611,B
71s
8
838
8^
9%
8\
9%
9%
83*
95.8
96,6
9^16
9l»if 914,6 91S,6
103,„ 103,6 103,8
1016,6 ioi4,« 101»i«
ll'lR Ifia
Wed Tb. Fn.
7%
7ie
7%
7''l6
7!':8
7»ift
8'ie
8'i«
813,8
93,8
9»,8
93t
81,6
8U„
9 he
99,8
934
lO^'is 10^4
1011,, 1058
117,6 11%
1115,f ll'e
Bton Toe*
Sat.
Middling
i
Tnea
913,,
105,,
Lo* Middling
9-!ie
11
9 'a
9>4
91H
913
Good Ordinary
Strict Good Ordinary
8'18
813,6
1014
8 '8
STAINED.
6%
93»
9^8
1014
Sat.
lb.
Wed Tb.
jnon Taea
Sat.
V lb. 6^
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low MiddllDK
Strict Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Fair
80.
dealings,
later
—
——
UPLANDS.
Since Sept. 1 6261,659 4962,425 4474,367 4583,627 4486,382 4235,664
Week Endino Jan.
the
—
132,062
10,560
6,125
10,666
12,260
48,714
3,114
13,293
7,107
1,278
13,265
14,417
17,305
Savannah.
movement
—
7,217
34,493
5,036
14,347
8,026
2,364
6,470
8,722
11,993
New Orleans
Mobile
in
market soon weakened. Later on a demand to cover contracts
caused an advance, and the close was at about the best figures
61,016
of the day. Cotton on the spot was dull, and quotations were
11,037
on Wednesday reduced l-16c. To-day the market was quiet
31,842
at 9 5-1 6c. for middling uplands.
The total sales for forward delivery for the week are 510,100
16,554 bales. For immediate delivery the total sales foot up this week
for" export, 868 for consumption,
868 bales, including
47,679
bales
in transit. Of the above
for speculation, and
were to arrive. The following are the official quotations for
4,868 each day of the past week January 34 to January SO.
In order that comparison may be made with other years,
give below the totals at leading
for six seasons
= ports
'
-,
Receipts
was recovered
and on Thursday— after an early decline some advance
took place, favored by stronger figures from Liverpool. There
was, however, no great activity to the demand. To-day there
was an early advance, which was ascribed to Ellison's figures,
which had been received by cable, but as both Liverpool and
New Orleans seemed to be unaffected by them, and the crop
1014
10»8
1138
ll^S
813,8,
93,6
99,6
934
1014
10"g
113s
ll's
Wed Tb.
67,8
71,6
Frl
67,6
6ifl
7%
61a
7>«
8
8
8
71S„
7i6,f
71,8
7i6,e
8I3„
813,
813,6
8%
8Ht
8%
71l9
7ifl
MARKET AND
SALES.
The total sales of cotton on the spot and for future deliveryeach day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed o»
same days.
SPOT M/REET
CLOSED.
SALES OF SPOT AND TRANSIT.
Sales of
.El-
port.
Con- Spec- Trantump, ut't'n sit.
Saturday Dull
Monday. .Quiet
Tuesday.. Dull and easy..
Wed'day. Quiet at ijudec.
Thursday Quiet
k'riday... Quiet
i
Total.
following comprehensive table:
191
868
510,100
85
256
868
are
Futurn.
45.700
55.000
119.000
112,800
101,500
76,100
66
135
135
66
135
135
85
256
191
The Sales and Prices op Futures
,
^otai.
shown by the
«
«
J^MUART
«
:
x
o
.
:.
THE CHRONICLK
81, 1891.J
209
IR9t
9BA,000
20,000
1890.
inso.
1848.
992,000
15,000
68^,000
6,000
758,000
28,00O
Total Great Britain (took.
Btook at Hamburg
Stock at Bremen
Btook at Aiiintnritnm
Btock at Kotterdam
Stock at Antwerp
Btock at Havre
Block at Mameilles
Btock at Barcelona
Stock at Qenoa
Stock at Trieste
976,000 1,007,000
3,300
2.300
165,000 142,000
18,000
6,000
601,000
2,800
786,000
14,(X)0
43.:iOO
22,000
23,000
400
300
7.000
203,000
3,000
90,000
6,000
10,000
6,000
164,000
3,000
90,000
10,000
12,000
Total Continental stocks
505,700
435,600
"1
Btock at LI rerpool
Stock at London
i3?f 93§|
11--
"Ess-
'I
ies
tSc.
:
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3:
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n9
99
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l«:
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to exch. 1 ,000 Feb. for Mcli
xlooa)OiVjwo'»-ou«boxcoc;tx*>.cow
OW^h-rfkt--.joou«--)>i^xai:DOXxu'
to 10
O
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to o ^ -^
•-«
•
to exch.
3.000 Mch. for Apr500 Mch. for May.
100 Feb. for Mch.
100 Mch. for Apr.
300 Mch for June.
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make th* totals the complete
figures for to-night (Jan. 80), we add the item of exports from
the United States, including in it the exports of Friday only.
if^
if>>
8-3
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oa
0)
^
X
C< CO
:
•>]
.
to5;'^to w^i Mppeo*> ^jo
OX-1tOGDXfO*h
cotogiiu-i-t'^coooxooooxxcox
mVi)— V»COXtOO^^J
CO
•(-
O M UXO
CJt
rfk.
CO Ui
O to O M O M
if>>
jji-
ifk
Louisville Bsrures "net" in both years,
Last year's flKures are for OrilSn.
This year's Uicnres estimated.
The above totals show that the old intenor stocks have
decreased during the week 6,3'20 bales, and are to-night 1?0,930
bales more than at the same period last year. The receipts at
the same towns have been 11,4.59 bales more than the same
week last year, and since Sept. 1 the receipts at all the towns
are 315,446 bales more than for the same tune in 1889-90.
*
I
Thk Visible Supply of Cotton to-night, as made up by cable
and telBRraph, is as follows. The Continental stoclts, as well as
to
13
Goc:iov<tO'
500 Mch. for Apr.
500 Sept. for .June-
exch.
exch.
exch.
exch.
tl^
i(» if^
00 to
to exch.
to excb.
to
to
to
to
co^cotoiobio
p*-ppc;'pa
Of
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
M
OF
HI
M o to to 10 o ^ -^ CO to o M 10 ex <l M
w^p
o w top -jpp coop ;4ppa woo
tOi^
The following exchanges have been ma^e during the week
•06
•11
•06
•10
Ml-*
to ro 0*"-*
Incluaos sales In Heptemher, 1890, (or September. 228.300; Septemtipr-October. for October, 349.300; September-November, for November,
3^2,700; September-December, for December, 947,300.
exch. 500 Feb. for July.
exch. 300 Feb. for Men.
eich. 400 Feb. for Mch.
excli. 1 ,100 Mch. for If ay
exch. 200 Feb. for Mch.
excb. 200 Jan. for April.
exch. 200 Feb. for May.
exch. 900 Feb. for Mch.
f*-p
MIO
:
cocooco
•
pd. to
prt. to
'>'J pd. to
-'
1 pd. to
'IS pd. to
iO pd. to
.;3 pd. to
17 pd. to
OB
co"Iu
M CO M
t;!
O; ;C CO -q
Cr CO
c;t c;< cx> 0^ 0: CO CO
cocooco
l-'M*(0
1
ti
*iooo—c;»Go
c=
cocooco
toco
'^li
00*.
MM
MU
•
.
cocooco
tcu*ci
,a.,:
I
*?!
*M
o
coco
U
t
3
^f^w
ig
^
bo 10 oV to 'J Vj 01 CO CO *3 cc
OS g* ci^
c:-sjco*-cocs-Jif*p-»t»>oa)Goa'C^oooo
cc^-
Qooo^^ocn
CD
OW3;.-OKiO
"^
ccooco
00
«
:
,
i
:
tcto
CO
«:
d
wu^co
COCOOCO
I
TOD
cocooco
OS
I
"^
cocooco
tow'^oo
I
•?M
JsPE5^„-'*»jMi^H
>ifl2
^^®
p
*>-
CCCCCCO
(iii
pt-O
MM
^^
2
'^
it-M
OO
the receipts
Eg
to
cow
5»i(,d,
lOHuO.
2-0 p S.C
00
CO
5>3d.
9»iac.
week have been
"^
"^
o
oi en ®
I
cnot
6iied.
lOi'ieC.
5iif,d.
into Continental ports this
corresponding period of 1889-90— is set out in detail in tho
following statement.
2
yiO»*W
CD'^OCD
5^
165,000
2H.000
127.000
80,000
41,000
and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
^
cocooco
^
a«
131,000
6,000
46,600
146,000
52,000
«.":
«**:
COOCO
573,000
185,000
460,000
942,712
343,525
5,192
for the week,
iJi-tO
I
205.000
15,000
76,600
113,000
24,000
At the Interior Towns the movement—that is
CONOCO
QDO
554,000
135,000
391,000
937,294
338,739
6,363
106.000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 434,917 bales as compared with the same date
of 1890, an increase of 712,170 bales as compared with the
corresponding date of 1889 and an increase of 487,707 bales
as compared with 1888.
soto
C*CJ
coto
312,000
3,458,136 3,023,219 2,745.996 2,970,429
Price Mid. Upi., Liverpool
Price Mid. Upl., New York
KF" The imports
O
181,600
530.700 433.600 381.600 461,000
2,907,436 2,589,619 2,364,396 2,509,429
American
Total visible supply
'J*
787,000
350,000
470.000
695,567
263,374
14,678
288,000
20,000
109.700
80,000
53,000
Total East India, Ac
©-^:
OlO*
<0C0O«
®P:
I
coco
I
o
coco
eo
MW
to to
M
ft?:
29,000
9,000
7,000
2,907,436 2,589,619 2,364,396 2,509,429
—
Egypt, Brazil, ibc, afloat
a
b3ro
I
01
COtOO®
teto
I
I
*a
Total American
Matt Indian^ BroMil, dtc.
Liverpool stock
London Block
Continental stocks
India afloat for Europe
a?'
00
«0C0OCD
to 10
o
<»
668,000
396,000
500.0O0
935.477
384,304
23,655
bales
Europe...
afloat for
United rttates stock
United States iuterlorstocks..
United States exports to-day.
!^
66
cecobco
6*o
American
CDt0O<O
>
I
5iJ
Liverpool stock
Continental stocks
«r;
I
to<oo«
*=
6*6 ^^*6
OO ~J CO
ce«
66
2
300
900
184,000
2,000
46,000
4.000
4,000
872,600 1,098,000
146,000
MO.OOO
391.000 460.000
.5'i.OOO
41.000
939.294 942,712
338,739 343,525
0,363
5,103
470,000
24,000
693,507
263,374
14,678
500,000
53.000
935,477
3H4.304
23,655
300
500
Total visible supply
3.458,136 3,023,219 2.745,996 2,970,429
Oftheabove. thetotalsof American and other descriptions are as follows:
6o 52
5"?
««*:
I
tooio
22°S OO
e<e
<s<seto
ao
a»r:
I
Europe.
.
:
8"®
cott'iiatloat for
E|C7Pt,Brazll,&c..atltrurE'r pe
Stock In United Statea ports
Stock in U. S. interior towns..
United States exports to-day.
»eo<o
i^o-i 66*6
6*6
at
10
,
I
8'6
<s
t&tdQ
«
u
<eoa
I
tocoooo
I
I
Amer.
66
4,900
98,000
:;,ooo
Total European stocks.. .. 1,481,700 1,442.600
Indlacottoii afloat for Kurope.
n?,000
80,000
I
1
bales
t
..
.
—
«
.
:
THE (JHRONICLE.
210
QOOTATIONS FOB MIDDLING COTTON AT OTHER MARKETS.—
Below we give closing quotations of middlint cotton at Southem and other principal cotton markets for each day of the week
CLOSINO QUOTATIONS FOR MIDDLIJiO COTTON ON —
Week etuling
Jan. 30.
Satur.
Jfon.
99l6
9I3
93 ,«
Galveston
New Orleane
Mobile
Bavannah...
.
.
93
6
Wilmington
9
912
9
Norfolk
9l6
9%
Charleston.
Boston
9%
Baltimore...
Philadelphia
9',3
9'8
914
9'l6
Augusta
—
....
Memphis
8t Louis
Cincinnati
..
Louisville.
..
The
938
9'.a
979
914
9>18
93l,
9^4
9'*ie
9>4
938
Wednes.
9'i(i
9%
g^
91 6
938
9ii«
9'i«
9
l>
9I9
9^
8^8
918
95,8
8 '8
9>8
95,8
978
9I4
9''8
Sl'»
9%
SI"
93j
916
9ie
93.
9%
9ie
918
8^8
91a
9
918
938
9'>8
9h„
9%
9U
9%
914
93e
closing quotations to-day (Friday) at other important
8%
8% Baleigh
8^ Home
918 ILittleKock....
8I3 MontKomery..
8I2 Nashville
9
8»8lNatchez
^''a
8%
Selma
Shreveport
S^s
....
—
Receipts From the Plantations. The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Receipts at the Ports. SVk at Interior Towns. Rec^pts from Plant'ns.
Wtik
1888.89 1889-90 1890.91 1888«9 1889-90; 1890-91 1888.8811889.90 1890-91
Dec. 26..
Jan. 2..
••
210,012 218,408 270,782 460,029 405,.332 496,960
202.921 218,640 246,989 448.660 117,500|188,883
169.119 139,826 217,177 435,668 396,170 466,590
119.178 158,838 171,855 407 .093 359,020 147,608
16..
"
23..
272,719|288,618 314,261
191,660]230,868 238.012
146,027;117,736 194,884
120,703' 122,418 156,773
17 7,821 146,892 1 78,913 389,643 325,079 416,85l|l60,371[112,951 148,288
1 56,351 159,265 195,103 361 ,2391 287 ,881 410,lloll26,950ll22,070 188,362
8..
"
'
]
1
1
!
1
1
1
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1890, are 5,658.158 bales; in
1889-90 were 5,337,865 bales; in 1888-89 were 4,820,331 bales.
2.
That, although the receipts at the outports the past week
were 195,103 bales, the actual movement from plantations was
onljr 188,862 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 132,070 bales and for 1889 they were
126,950 bales.
—
Overland Movement for the Week and since
We give below a
Sept.
1890-91.
30.
Week.
Week.
1.
Since
Sept.
1.
—
Louis
Via Cairo
Via Hannibal
Via Evansville
Via Louisville
Via Clnciunatl
Via other routes, Ac
Total gross overland
Deduct ahipmenlR —
Overlann to N. Y., Boston, Ac.
25,186
10,863
1,628
1,076
4,586
.\910
1,867
412,811| 22,563
208,605, 10,962
77,232!
1,945
•273
18,934'
141,452
6,409
130,875 10,155
116,216, 10,748
51,114 1,106,125
367,781
257,285
51,080
15,739
91,883
1.53,085
123,590
63,035 1,060,373
Between interior towns
Inland, Ac, from South
13,165
1,879
2,924
189,195' 18,490
76,576
1,533
54,160
4,015
214,811
49,013
77,924
Total to be deducted
17,968
319,931
24,088
342,348
33,146
786,194
38,987
718,025
_Leavln g
total
net overland*.
—
—
—
—
—
—
—We
—
48.
—
Columbu,i, Mississippi. Rain has fallen on four days of
the week to the extent of one inch and twenty-five hundredths. Average thermometer 51, highest 70, lowest 26.
Leland, Mississippi. The week's precipitation has been
—
an
inch.
Average thermometer
highest 80, lowest 28.
Little Rock, Arkansas,
It has rained on two days of the
week, the rainfall re'aching thirty -nine hundredths of an inch.
Average thermometer 46, highest 63, lowIt is now raining.
50-7,
—
est 28.
—
Helena. Arkansas
There has been rain on three days of
the week to the extent of eighty-eight hundredths of an inch.
been
Cotton has
coming in freely of late. The thermometer
has averaged 47, the highest being 64 and the lowest 30.
Memphis, Tennessee.
have had rain on three days of
the week, the rainfall reaching sixty-seven hundredths of an
inch. The thermometer has averaged 48, ranging from 33
to 64.
Nashville, Tennessee. There has been rain on two days of
the week, the precipitation reaching one inch and forty-hundredths. The thermometer has ranged from 25 to 66, aver-
—
Shipped
VkSt
—
— We
1889-90,
Since
Sept.
lowest 33.
Dallas, Texas. It has rained on two days of the week, the
precipitation reaching thirty hundredths of an inch. The
thermometer has averaged 50, ranging from 31 to 68.
San Antonio, Texas. There has been rain on two days of
the week, to the extent of one inch and fifteen hundredths.
The thermometer has ranged from 35 to 68, averaging 52.
Luling, Texas. It has rained hard on one day of the week,
the precipitation reaching one inch and ten hundredths.
Average thermometer 53, highest 73, lowest 31.
Columbia, Texas. Telegram not received.
Cuero, Texas. We have liad rain on two days of the week,
the precipitation reaching one inch and forty-five hundredths.
The thermometer has averaged 47, ranging from 31 to 63.
Brenliam, Texas. We have had hard rain on two days of
the week, the rainfall reaching one inch and seventy-two
hundredths. The thermometer has ranged from 86 to 74,
averaging 55.
Belton, Texas.
Telegram not received.
Weatherford, Texas. There has been one shower during the
week, the rainfall reaching forty hundredths of an inch. The
thermometer has averaged 56, the highest being 64 and the
lowest 49.
have had rain on four days
New Orleans, Louisiana.
of- the week, the rainfall reaching two inches and twelve hundredths. The thermometer has averaged 55.
Shreveport, Louisiana. It has rained on five days of the
week, the precipitation reaching sixty- eight hundredths of an
inch. The thermometer has ranged from 32 to 64, averaging
ninety-five hundredths of
1.
statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Jan. 30
and since Sept. 1 in the last two years are as follows:
January
—
—
9%
Southern markets were as follows:
Atlanta
Columbus, Ga.
Columbus, Mise
Eoiaula
—
Weather Reports by Telegraph. Reports to us by telegraph from the South to-night are generally of a fairly favorable character. Rain has fallen in about all districts, but as a
rule the precipitation has been light. The marketing of cotton has made good progress.
Oaiiestoii, Texas.— We have had rain on three days of the
week, the rainfall reaching one inch and sixty-five hundredths.
The thermometer has ranged from 39 to 65, averaging 53.
Palestine, Texas.
It has rained on three days of the week,
the precipitation reaching fifty-two hundredths of au inch.
Average thermometer 51, highest 69, lowest 32.
Huntsville. Texas. It has rained on three days of the week,,
the precipitation being ninety hundredths of an inch. The
thermometer has averaged 51, the highest being 69 and the
—
S»8
9i«
914
938
9i8
914
938
9',»
9%
Frl.
Thxtrs.
91,8
918
93ia
918
858
914
9
9i«
938
9^
8%
91s
8'»18
9»8
Taes.
[Vor.. Lir.
aging
46.
—
Mobile, Alabama. It has rained on four days of the week,
the precipitation reaching three inches and thirty-five hundredths. Average thermometer 49, highest 66 and lowest 32.
Montgomery, Alabama. We have had rain on three days
of the week, the rainfall reaching ninety-two hundredths of
an inch. The thermometer has averaged 50, the highest being
72 and the lowest 31.
Selma, Alabama. Telegram not received.
Aubwn, ^/o6ama.—The week's precipitation has been one
inch and twenty-eight hundredths.
The thermometer has.
—
—
Including movement by rail to Canada.
ranged from 31 to 60, averaging 46'6.
The foregoing shows that the week's net overland movement
Madison, Florida.— TelegTaia not received.
this year has been 33,146 bales, against 38,987 bales
Columbus, Georgia. It has rained on two days of the week,
for the same
week in 1890, and that for the season to date the aggregate net the precipitation being one inch and sixty-two hundredths.
overland exhibita an excess over a year ago of 68,169 bales
The thermometer has averaged 48, the highest being 59 and
*
—
the lowest 30.
1890-91.
In aight
atid Spinner^
Taktnfft.
Week.
1889-90.
Since
Sept.
Week.
1.
Since
Receipts at ports to Jan. 30
1 95,103 5.261,659
159,265 4,962,423
Net overland to Jan. 30
33.146 786.194
Bouthern consuinpUon to Jan. 30i 1 ,000 286,000 38.987 718 025
10,000 270 000
Total marketed
239,249 6,333.853 308,252 5.950,450
•
Interior stocks in excess
8,741
396,497 '37,195 275:440
Came Into sight during week. 1232,508
'171.057
Total In sight Jan. 30
6.730,3501
6.225,896
Morth'n spinners tak'gs to Jan.30
l,422,230i
1,404,456
Loss in stock during week.
It will be seen by liie above that there has
come into sie-ht
dunng the ^^ek 232,508 bales, against 171,067 balls
same week of 1890, and that the increase in amount inforihe
sieht
to-night, as compared with last year, is 504,460
bales.
1
•
—
Savannah, Georgia. There has been rain on two davs
during the week, to the extent of one hundredth of an inch.
The thermometer has averaged 53, ranging from 36 to 77.
Augusta, Georgia.— There has been rain on three days, to
the extent of sixty-five hundredths of an inch, and the remainder of the week has been clear and pleasant. The thermometer has ranged from 30 to 65, averaging 48.
Oiarleston, South Carolina.-RaXn has fallen on two days
of the week to the extent of six hundredths of an inch. Average thermometer 52, highest 72, lowest 38.
Stateburg. South Carolina.— The week's precipitation has
been one inch and seven hundredths, it having rained on two
days. The thermometer has averaged 47'4, the highest being
and the lowest 35.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
62-5
—
o'clock January 29, 1891
and January
30, 1890.
—
:
,
jAiruAUT
THE (^HRONICLR
81. 1891.]
Jan. 30, '91. Jan. 30, '90
Fetl.
Fetl.
no
H^w
Orlnans
Mrin pills
Bhreveiiort
Vloksburit
MurK.— lU'iiorta
Shipmenli
BriPn.
Sh ipmentt
lAii week.
_
Qreat
Britain
, ,
""tal.
nent.
tittee
Jan.
Continent.
Koo'l •'oniUtlon. bat fears ot fnrtlinr ruin are still
In soinr dlntrlrts niond/ weather kIIII prevail*, and the
too hlxb for this time 01 the year. Picking In thnOotnr»
districts IH now practlcully over. In the BbowDUfTKer and DboIlM*.
district* picking Is now RohiK on, and toina paraels oome Into tli»
market daily. The Droacli croi> continues satisfactory, and the cotton
pods are oommendnK to burst.
entertained.
tempnratnre
Seeeiptt.
Thit
Week.
Since
Jan.
ft Co.'r report,.
is still In
17B
10-7
410
1.
Total.
East India Crop.— Mesan. Qaddum, Bythell
Bombay, December 87, Bays:
Our crop
84-4
India Cotton Movement prom all Forts.— The receipts
and shipments of cotton at Bombay liave been as follows for
the week and year, bringing the flftures down to Jan. 20,
BOMBAY KKCKIPTS AND SIIIVMK.NTS FOR FOUB TBAIU.
7ear Great OohH-
211
date<l
ISO
Above low-wafer mnrk
101
nmrk
21-8
Above low-w»t«r iiiiirlt
23-9
Above low-wiiter mark
SCO
Above low-wtttM mark.
are now mode lu feet and tentlia.
Al>ovo Iow-wnU(r
Naslivlllo
.
1,
U
SHIPPINQ
News.—The
exports of cotton from th« United
Itates the past week, as per latest mail returns, have reached
lli7,HM.> bales. 80 far as the Southern ports are ojncerned. theae
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
Include the manifests of all vessels cleared up to Thursday.
Total baler,
1S91
IMllO
IKM!)
,').()0(l
:l, (><)()
1H8S
31.(K>0
49,000
91,000
99.000
61,000
6,000
14.000
39,000
18,000
13,000 13,000
..'
3,000
.">,'V,000
0,000 13,000,19,000
53,000
105,000
."sn.ooo!
2',i3.ooo
(i7,ilOO
^SS.OOO
13S.0(K)
7i;,(l(lll
'Jii.l.OOO
79,000 11,000;
Nbw York—To Liverpool,
....Uiillla,
Nevada,
Continent.
Great
Britain.
Total.
Continent.
BruSin.
1,
Total.
476
1,248
1,791
700
ToIlamburB, perHteamcr Uhaotia, 700
To Antwerp, per steamer ConemnUKh, 220
320-
To (ienoa, pur steamer BIrmannia, 9i)9
To Naples, per steamer liirmannlii, 200
090
200
2
I., schooner Ella M. Watts, 2
Liverpool, per steamers Alava, 4;455....
Uallego, 6,630
Discoverer. 4.800 ..Editor, 4,301
(jrecl«(i. Prince, 1,300. ...Texan, 0,600
27,086
WlncUeaTo Havre, per steamers Dupuy de Lome, 6,811
ToHt. Tliomas, W.
Rbw Orleans—To
ti>r.
Shipments since January
Shipments for the week.
8.970-
1.1.'>9
To Hull, per steamer Buffalo, 475
To Havre, per steamer Lu liourKogne, 1,248
Spree, 250
To Bremen, per ste.imers Fiilda. 1,541
l.-jll.OOO
According to the foregoing, Bombay appears to show
a decrease compared with last year in the week's receipts of
12,000 bales and an increase in sliipments of 10,000 bales, and
the shipments since January 1 show a decrease of 50,000 bales.
The movement at Calcutta, Madras, and other India ports for
«he .'ast reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
ner steamers Cltv of Berlin, 2,317
022.. ..Germanic, 1,520.. ..Lake Ontario, 3,022
12,271
5.460
To Dunkirk, per steamer Illtyd, 4,320
To Bremen, per sttiamer C4orona, 9,150
To Antwerp, per steamer Dupuy de Lome, 214
To Genoa, per Htcamcr Inlzlatlva, 3,764
Galveston— To Liverpool, per steamers Darlington.
Calcntta—
Qlenlleld, 5.890.... Isleworth.
....Orbo, 4,709. ...Queen. 4.669
4,320O.ISO-
214
3,764
6,824....
6,960....Morilake, 6,935
—
33,993
per
Liverpool, per steamers Lochmore, 8.028
10,617
bark v^alonn, 2,489
2,000
.^ 4,329
1891
1,000
1,000
To Hivre, per steamer Rosscnd Castle, 4.329
2,000
3,642
1,000
1890
l.COO BRmnwiOK— To Liverpool, per steamer Navl(?allOD, 3,642
All otberaOHABLB-iTON-To Liverpool, per steamers Asiatic Prince, 5,293
4,000
4,000
9,605
1891
2,000
2,000
Co ona. 4.312
8,000
per brig
3,000
2,000
16£0
To Barcelona, per steamer Pawnee, 4,210
5,000
5,250
Alfredo. 1.050
Total allHOBTOLK- To Liverpool, per steamer Clarissa Kadollir, 7,600
13,823
1891
10,000
3,000
5,000
8,000
16,000
26,000
E'lxenlo. 6,323
3,840
1890
2,000
3,000
5,000
8,000
12.000
20,000 West Poi.>jt—To Bremen, per steamer Inflexible, 3,840
Iowa,
Boston-To Liverpool, per steamers Georgian, 2,274
__
BXPOBTS TO BUBOPE FBOM ALL INDIA.
4,2«S
1,274.... H.imaria, 695
211
To Yarmouth, per steamer Boston, 211
1890.
1891.
188'J.
Baltimore— To Liverpool, per steamers Rossmore, 1,738
Shipnyents
3,50&
WakeUeld, 1.770
lo all Europe
This
Since
This
Since
Th is
tiince
Philadelphia—To Liverpool, per steameis Lord CUve, 802
from—
week.
Jan. 1.
week.
Jan. 1.
week.
Jan. 1
1,411
Ohio, 609
1891
1890
Madras
5,000
3,000
2,000
5,000
5,000
12,000
10,000
4,000
4,000
1(1,000
14,000
BATAHNAU— To
.
—
Bombay
All other ports.
Total
13,000
8,000
55,000
26,000
21,000
81,000
3,000
5,000
105,000
20,000
55,000
8,000
138,000
30,000
167,892
Total
The particulars of these shipments, arranged in our usual
125,000
8,000!
63,000
168,000
form, are as follows:
Alexandria Receipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexatulria, Egypt,
January
29.
1800-91.
1889-90.
1888-89.
100,000
3,077.000
80,000
2,708,000
85,000
2,308,000
Eecelpts (cantars*) . . .
This week
Since Sept. 1
This
Since
week. Sept. 1.
This
Since
week. \Sept. 1,
I
This
week.
Since
TO Liverpool
.
.
13.000 208,000'
3,C00 105,000
116,000 313.000
^ Total Europe
' A cantar Is 98 pounds.
pool,
New
York.
8.970
Sam-
null.
kirk.
bur a.
475
1,218
16,591
9,150
N. Orleans. 27,083
Galveston. 35.093
Savannah . 10,517
Brunswick. 3,642
Charleston.
9,605
Norfolk ... 13.323
West Point 3.«'40
Boston .... 4.243
Baltimore
3,508
Pbiladelp'a 1,411
Total. ...122,733
<£
2.491
4,329
475 22.163 11.6U
Spain w.
Antwerp.
and
\Sepl.
1.
3,000 200,000 12,000 177,000
2,000 94,000 2,000 86,000
5,000 294,000 14,000 263,000
This statement shows that the receipts for the week ending
Jan. 29 were 100,000 cantars and the shipments to all Europe
'^
^
16,000 bales.
the latest dates:
Galvestok—To Liverpool— Jan. 22— Steamer Tripoli,
Caribbean, 2,100... Jan.
Serra,
8^
Twist.
A.
Dec26
StUrtings.
a.
338 «81i8
1889-00.
32» Cop.
lbs.
a.
s.
6 4»s®7
4»3»7
4is»7
4>a»7
Jan. 2 8°i(ia8»9
"
U 3»,e»8-'8
6
" JOlSVi »8is 6
" 23l8»iB»87,g 6
4
" 80i8a}°«87" 6 4
-87
97
Twist.
a.
!8'8
:8>8
,
5»i» ,SM
5'1« 314
3''l« Ski
5«,, ISHi
„,
8H
,,
I
lbs.
Cnlt'n
^fifi
Shirtiuijs.
ypiat
d.
27— Steamers Murolano,
received the
WS^s
WS^a
doing
6,415. ...Jan.
28—
Steamer Aureita, 6,693.
6,906.
To Barcelona— Jan. 27-Steamer J. M. Lockwood, 4,410.
To Genoa- Jan. 28— Steamer Gardenia. 6,352.
Charleston- To Liverpool- Jan. 23— Steamer Tangier, 4,036.
To Venice— Jan. 2S-BriKProtettere, 1,504.
Norfolk— To Liverpool— Jan. 23— Steamers Anerley, 3,662; Ploqna,
1,500... Jan. 24— Steamer Bretwalds, 8,700.... Jan. •2»-8teamtr
Amy. 4,717.
West point- To Liverpool— Jan. 28— Steamer Acuba. 3,612.
l.ivnrnool -Jan.
20— Steamer Columbian, 3,435
—
Jan. 21—
Steamer Ottoman, 2.330
Jan. 20 -Steamer Michigan,
To Yarmouth— Jan. 27— Steamer Bost-on, 408.
To Hiilifax -Jan. 24— Steamer Carroll, 100.
Baltimore— To London— Jan. 16 -Steamer Michigan. 200
Jan. 20—
Parkinore,
Jan. 22— Steamer Bede,
To Hamburg— Jan. 17— Steamer Procida, 258.
.
FatLAOELPiiLA— To Liverpool— Jan. 27-Steamer BrltUh Princess,
.
substance of Mr. Ellison's
first
of
January cotton review, and in our editorial columns give the
results and some suggestions respecting them.
Jute Butts, BAGODia, &c.— Although there
Nioeto,
.
«8^
»8^
Cotton Supply and Consumption in Europe.— By cable
we have
!
Jan. 29-Bteamer
Savannah- To Bremen— Jan. 21— Steamer Redruth,
Boston- To
»858
»8»8
26—
.
Manchester Market.—Our report received by cable to-night
Moonstone, 4,420.
from Manchester sUtes that the market continues easy for
To Brcraen-Jan. 26— Steamer Viola, 4,611.
To
Hambur^-Jan. 27-8teamer Gallcla. 2,491.
both yams and shirtings. The demand for both India and
Mobile— To Liverpool-Jan. 24—Steamer Palentino.
Chma
is poor.
We give the prices for to-day below, and leave
those for previous weeks of this and last year for comparison
6,141... Jan.
Steamer Mercedes. 5,612.
To Hamburg- Jan. 28-Ste8merEdenmore, 859.
New Orleans—To Ltvemool—Jan. 23-Si;eamer American, 2,932....
Jan. 26-Steamer
Jan. 24- Steamer City of Lincoln, 6,706
;
32« Cop.
213 167,892
43110,223
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
To Havre-Jan. 24— Steamer Ardanbalm, 2,850
1890-91.
I. <t
Xar-
moAth. Total.
2 14,603220 1,199
66,805
214 3,761
35,993
14,846
3.642
14,866
8,260
13,922
3,840
4,461
211
3,608
1,411
Italy.
I
EjportB (bales)—
ToCoutiuent
Eatre Bremen
£ Dan-
Liver-
is
but
little
in jute bagging, prices are quite steadily maintained,
the close to-night being at 5c. for l^ lbs., S'^c. for
l^'i lbs.,
00. for 2 lbs. and 6^c. for standard grades.
Only light trading In jute butts is reported, and
quotations are l-l5®l-20c.
for paper grades and IJ^c. for bagging
quality.
Below we give
all
vessels carrying cotton
news received to date of disasters to
from United States ports, &o.
Elstow, .steamer
(Br.), from Norfolk for Bremen, before reported
stranded near Niouwe Diep. has sixteen feet of water in her hold.
Forty linles ot cotton and eight casks of toljacco have been landed
undamaKed. The high sea runnioff hinders the work of salvage.
Lbbo. steamer '!r.), from Balllinore. Jan. 7. for Rotterdam, went
aground oif Mausslius, Jan. 25, and l« expected to become a total
lose.
A part of her cargo will probably be saved.
Oswald, steamer (Br.), from New Orleans, while entering Belot Baun,
at Havre, collided with and lUmaged above the water lino,
teamtrs Alford and Springfield, from Mew Orleans.
1
,
.
:
THE
212
Mon.
ll«
ll«.
Wedna. Thur:
Tua.
.
CHRONICIJ^.
Ootton freights the past week have been as follows:
Batur.
—
.
.
Fn.
fVoL. U.I.
whole market has improved in the vo'ume of business, and
prices have gained in strength and steadiness, in sympathy
with the advance in wheat. To-day the m rket relapsed into
dul ess, sfnd i the end our quotations show littl- change.
The wheat market reflects a sharp advance in values, and at
i
Iitrerpool, steam d.
Do late dellv'y-''.
fiavre, Bteam
Do
iis2»38 iigaasg llsj®3g 1132-838 ll,2®% ll3i®'8
e.
c
sail
1U2
Bremen, steam., e.
Do
"64
11«,
1133
11 33
1'3S
indireot.e.
%
%
H
40*
40*
40*
'Hamburg, steam.e.
3e
Do via lndireot.c.
40*
Ajnst'd'm, steam.e.
Do
40*
40*
Indirect., (t.
BeTal, steam ....d.}i(n-"tii^e4-i''fn'ih4r^''M^^ti-"M''^hi-^''ei
Do
sail
...
d,
Baroelona,steam d.
°16
=18
"18
"la
"18
-Genoa, steam .. .d.
Crleate, steam.. .d.
hi
Sl6
8l6
8l6
Sl6
H
H
>8
H
^
^4
»9
^
H
Antwerp, steam d.l
* Per 100 lbs.
»9
—
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks. &c., at that port.
Jan. 16
Vales ot the week
bales
Ot wMch exporters took
Of which speculators took- .
'Sales
American
Actual export
.
,
Forwarded
Total stock—Estimated
Ot which American—Estdm'd
Total import of the week......
Of whleh American..........
Amount
afloat
Of which American
78,000
3,000
7,000
60,000
14,000
99,000
942,000
653,000
147,000
126,000
210,000
200,000
90,000
3,000
10,000
66,000
11,000
95,000
938,000
651,000
101,000
84,000
220,000
210,000
43,000
2,000
5,000
35,000
4,000
86,000
956,000
668,000
106,000
95,000
2?5,000
275.000
The tone of the Liverpool market for spots and futures each
«lay of the week ending Jan. 23, and the daily closing prices
of sp^t cotton, have Iwn aa follows:
Saturday Monday. IWfday.
Spot.
Market, )
4:45 p. M.\
Ml
Qnlel.
UUpl'ds.
Onll
irregular.
5>8
Vilea
Wednu. TKund'y.
Pressed
.Moderate
Irregular.
for sale.
demand.
Doll.
51is
5ll8
51 18
10,000
1,000
8.000
500
8,000
1,000
SteadT at
8,000
1,000
6,000
Baarat
Bairat
Stewlr.
partially
1-64 dec.
S-»4 de-
500
500
luturtt.
Quiet at
Market,
'1:45 p. M.
Market.
4 p. M.
{
T-64 de-
5
cline.
(
5
BarelT
cline.
Weak.
SteadT.
teadr
rirm.
Firm at
l-«4@3.«4
advance.
Quiet.
The opening,
highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
b»Risof Uplands, Low Middling clause, unless otherwise stated
^*' pricet are given in pence and 6U^.
Thu$: 4 63 mearu
A. BT"
63-64d.. and 5 01 means 5 l-64d.
Bat.,
Jan. 34.
Open High Low.
d.
January
Jan.-Feli....
«eb..lCaceb.
Mch.-AprU..
Aj>fil-May..
HaT-Jnne..
June-JulT...
July-Aug...
August.
...
Aug.-8ept..
Bept.-Oct...
Oot.-NoT....
d.
604 6 05
604 5 05
fiOS 505
508 50»
611 612
614 515
618 617
618 618
£19 518
616 617
bit 613
610 610
d.
CiO».
d.
604 5 05
604 5 05
5 06
5 06
608 609
6 11 612
514 616
516 6 17
518 618
6 IS 619
516 517
518 613
510 510
Mon., J an. 26.
Opm Hm
d.
a.
50S
603
604
607
610
613
616
617
518
616
512
609
604
504
606
608
612
516
617
518
519
517
613
510
Low.
Oloi.
d.
d.
Tnes., Jan. »T.
Open Higk Low.
Cloj.
d.
d.
503 6 04
503 604
504 5 05
607 608
610 612
5 02
5 02
6 03
6 02
5 03
5 03
6 03
6 07
5 10
6 02
6 03
5 06
603
6 13
6 15
615
617
618
615
512
609
517
5 13 613 n 13
515 5 16 6 15
516 6 17 618
617 518 517
615 516 615
512 6 13 6 12
610 510 510
518
619
617
613
6 10
603
506
6 10
February delivery
(i
5 10
d.
5 03
5 07
5 10
513
Opm^Bigh Low.
i.
Janoarr....
Jaa..F*b_..
*'«b.-lUrch.
Mch..AprU..
Aprli-IUT..
3Uy.jBne„.
June- July...
JnlT-Aog...
August
Ang.-Sept..
Bept-Oet...
Oct.-SoT....
d.
~d.
CIo».
Open
d.
d.
482 46S 462 4 62
462 483 462 4 82
483|4e3 462 463
602.603 6 02 602
60« 608 505 506
6W 60S 606 609
6 11 1611 ilO 511
6 13 6 13 612 512
614 6 It 513 618
6U 512 511 511
60* 60B 500 eo»
606 608 607 506
'
Than., Jan. 39.
463
483
600
603
506
509
611
618
614
612
609
506
Hm Low.
d.
d.
5 01 4 63
6 01 463
6 01 500
605
608
611
619
514
616
613
610
609
Oloa.
d.
d.
603
5 01
5 01
6 01
5 05
6
5
5
6
5
0,1
808
509
611
513
614
612
509
606
6 11
613
614
516
613
610
509
BREADSTUFF
d.
01
6 01
01
01
04
6 01
5 02
608
611
518
614
515
518
610
609
608
511
613
600
500
616
518
610
5 15
OIoj.
d.
May
6 07
5 12
5 14
5 01
608
511
5 13
5 14
5 16
514
611
610 5 09
513
511
500
aoij
59>«
58=8
98T8
991s
eiia
6058
5958
61 1«
61'8
60=8
593e
593e
59
59i8
62%
61ifl
6II4
sg's
60ia
5914
59%
59%
Oats, though only moderately active, advanced in price,
partly from scarcity and partly from sympathy with the improvement in wheat and corn. To-day the market was dull
and prices reacted towards lower figures.
Julydellvery
c
DAILT OliOSraa PSIOBS OF MO. 2 MIZBD OATP.
SaU
Mon.
Tues.
Wed. T^urs.
February delivery
c.
0.
May delivery
51%
51^8
51''8
5138
51''e
61ij
Sl^e
Si's
Fri.
5214
51%
52
51ia
Rye has been dull and our figures are wholly nominal.
Barley has been dull and drooping; our figures are somewhat
reduced. Buckwheat is scarce and again dearer.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these
flg^ures):
9
Fine
Bnckwheat
FLOUa.
$2 909$3 25 Patent, winter
$4 90a$5 20
3 359 3 60 City shipping, extras. 5 109 5 20
3 65® 3 75 Bye flour, superfine.. 4 209 4 40
3 80« 4 25
Fine
3 25*3 50
4 003 4 60 Com meal
4 50» 4 85
Western, Ac
2 759 3 00
.,
5 00» 5 50
Brandy wine
9 3 25
per 100 lbs., 2 4092 50,
hbl.
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, sprlnK
flour,
OSAIM,
Wheat—
c.
0.
• 1 15
Bed winter No. 2 ..1
• 110
Bed winter
85 • lie
White
100 9110
92
09
Spring, per bush. . .
Bye—
Com, per bush.—
West'n mixed new. 61 « 6419
W'u mix. N0.2. new 62% 9 64
Weet'n yellow new. 61
Western white new. 61
9
64 1«
641a
73
78
Oats-Mlxed.-V bn. 51 • 53 ii
75
80
White
52 9 60
Barley, Western
76
82
No. 2 mixed
52 9 53
53i4'» 54
Canadian
85
94
No. 2 white
State
80
90
Buckwheat, per bush 66 9 63
The movement of breadsnirfs to market is indicated in the
itatement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the com
porative movement for the week ending Jan. 34, 1891, and
since A.UKU8t I, for each of the last three vears:
western, per bosh.,
State and Jersey ..
Seeeipti
at—
MUwaakae..
aolntn
Whtat,
69.3841
Minneapolis.
roledo
Ottrolt..
^lour.
Oom,
Barlev.
Oats.
BOT.
B6U.196UU BusKeoOu Bu<h.5eib> Siu't.S2Ib> Biuk.481h flU.S«lh78.132
143.815
539,134
897,863
309.519
51877
.
.
.
iUIjOnls.....
•eorU
ToutrtW.
lame wk.'90.
lama wk.'SO.
Mncs Aug. 1.
909
2.394
11.928
82,979
3,750
47.784
64.260
944,590
15,546
24.034
71.900
70,947
18.000
216,600
43,408
526
1,100
968
17,837
57,600
148.206
241,000
17,803
23,580
102,000
36.955
87.487
33,139
246.785
849,600
1,400
39
57,860
31,2 11
2,200
2,200
189,474
221,519
128,039
1,400,876
1,186,660
1,464.836
1,072.667
8,116.951
739,132
1,854,865
1,173,722
818,217
632,503
558,413
619,655
103,053
100,463
46.897
47.133.808
80,739,859
61.701,638
50,531.088
22,685,613
2,66?,98J
45.380.707
46,789.393
16,959.320
3,975,493
8,786,783
18U0.91
5,761,887
69.923.369
1-I89-90.....
6.270.132
83,610,707
l8W--«». ...
5,041.308
83,253.898
18,729.781
Below are the rail shipments of flour and grain from
Western lake and river oorts for four years:
1891.
Week
S.
„
"OOP
,^^,
bbls.
Wheat
Com
0»t«
Barley
Bye
Total
bush.
1890.
1889.
1888.
Week
Week
Week
Jan. 24.
353,291
Jan. 25.
319,717
Jon. 26.
259,264
Jan. 27.
284,686
671,682
1,007,879
1,176,993
372,782
3,896,647
1,331,804
224,603
98,451
347,>'96
82,044
493,352
764,091
666,295
350,658
52,594
451,364
671,892
718,638
24S,013
^3,281
3,177,608
6,031,213
2,326,990
2,130,188
30, 1891.
for wheat flour was somewhat depressed
earlv
in the week, especially in the better grad-s. These
did not
appear to be wanted and showed weakness in values,
although
relatively cheaper than low grades, whi h have
been
tamed by a moderate export demand. Latterly, however sSsthe
^
c.
..0.
delivery
3l«Teland.
5 01
5 04
6 05
Fmoat. January
Thi market
d.
98
981s
•
Fri., Jan. 30.
Open Bi,h Low.
9838
96!!»
c.
March delivery
aolcago
Wtd., Jan. 38.
9m
o.
Indian corn has been in light supply at all points, and a
very moderate demand hai been sufficient to force up prices
to the highest figures of the season. To-day the market was
dull, and ^lart of yesterday's advance was lost.
New No, 3
mixed sold at 62Ji@633^c. in elevator.
DAILT OLOBIMO PBIOM OF MO. 2 KIXIID OOSH.
Bat,
Mon.
Tues.
Wed.
Thuri. Fri.
rriday.
Flat and
6ie
5,000
Bpeo-Aexp.
and
The
futures.
impression has been gaining ground that the quantity ot
wheat of the last crop available to meet pr. spective demands
has been somevphat over estimated, or tliat at least the current consumption has been under-estimated, as it usually is
when the coarser grains rule high. At any rat^, between this
idea and better foreiga advices, with some exp rt demand,
prices made a smart advance, on large buying from the shorts
to cover contracts. At first the improvement was limited to
the winter and spring months, but gradually the next crop
began to move up *ard. To-day foreign advices did not keep
pace with our advance, and under selling to realize part of
the late advance was lost.
OAILT OLOSIHO FRI0B8 OF HO.
2 RBD
WIirrBB WHEAT
Hon. Tries. Wed.
Sat.
TKurs. Pri.
February delivery
c. 105
106% 106% 107»8 109 14 IO918
March delivery
c. 104?i
106% 106% 107=8 109 14 109 1«
May delivery
10458 104% 104%
o. 102%
106 >« 10618
10238 10238 102% 104
Junedelivery
o.
103 Tg
July delivery
97
98 '8 100 14
o.
93%
99=8
98»a
August delivery
9616
95^8
o.
9558
97
961a
Dec. delivery
Jan. 23
46,000
3,000
6,000
35,000
9,000
95,000
9i0,000
646,000
106,000
79,000
255,000
245,000
tiraes reflected great speculative activity in
.
1
.
Jakcart
The
ireek
Flour,
bhU.
125,740
33,220
Boston
Montreal
5,
Balttinoro
Rlobmonil
..
1
1
ll,«9i»
64.4)19
Phllatlcilplilft.
.
...
NewOrleani.
0.800
11.M90
Total week.. 258,929
Oor. week •90. 273,454
the seaboard ports for the
bHih.
buMK,
127.200
4,025
70.857
15.357
8,710
6.800
4,000
Barlty,
butK.
Oal$,
1.1.^,200
130,815
36,875
76,272
9,904
109,997
Ryt,
bmK
282,000 123,000
170
59,8!i0
9,7«0
1,500
42.575 22,177
40.315
18,000
i3,au
8.111
17,085
538
243,549 499.063 467.936 155.987
880,095 3,905,064 1,026,332 122,160
15.719
67,778
The exports from the several seaboard ports for the week
ending Jaa. 31, 1891, are shown in the annexed statement:
213
DOMKsno COTTOK GooDfl.—The
this
port
1891.
Wheat.
Oom,
Hour,
OaU,
Ay*.
Bii^H.
Buih.
Bbli.
WewYork
126,054
18(J,086
74,689
Bush.
3,479
Boaton...
Portland.
Montreal.
600
26,874'
1,685
13.816
PUladel.
126,0
Baltlm're
m. Orl'm.
38
2
368
76
1,364
8,696
1,793
Oreat Britain
Ohln^
'.
300
India
Buth.
6,605
Africa
„
West Indies
n
82.929
30,585
3,571
38,682
SOO
705
18
4,900
Tot. week.
323,139
300,100
149,421
5,082
e'me time
1890
195,264 1,601,0761
175,104
540,697
13,290
1,128
86,697
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
p^rts, and in transit by water, Jan, 34, 1891:
Wheat,
Oom,
OaU,
Jty*.
Barley,
In ttore at—
btuK.
buMh,
bush,
btuh.
bush.
Sew York
1.503.336
610,143 1,456,017
18,500 243.641
Do
48,000
afloat...,
Do
afloat
Chicago
Do afloat
UUwaakee
Dolnth
Toledo
1,399,459
142,000
6,540.563
104,855
711,381
3,602,610
845,486
240,462
55,000
Detroit
Oswego*
t. Louis
1,529.527
10,000
22,034
OlBOlnnatl
Beaton.
Toronto
Montreal....
Pltlladelphla
Feorla.
IndlanapoUg
Kansas City
Baltimore
Minneapolis
On Mississippi...
On canal A river.
1(6,198
276,680
159,229
28,351
162.330
230,399
452.469
6,040.364
44.700
7,800
8,300
65,600
178,647
12,000
97.300
217,323
aaiig'if
4'i5;389
160,401
263.293
50,573
5,764
62,469
451,624
3,573
171
174,133
27,472
80,000
696,090
2.000
105.658
'l2",224
41,592
159,281
109,959
26,919
164.454
2,810
8,000
01.300
18,500
45.400
35,798 1,001,528
938
23,590
10,331
2i',248
3,207
290,494
380.00<i
259,656
64,000
148,867
176,158
145,262
150,431
12.000
89.213
110,068
165
24,900
30,200
15,534
25,555
119,114
188.000
45,545
96,937
35,625
*
24.263,233 2,675,435 3,475,080 418,126 3.381,473
25,035,905 2,743,724 3,552,440 419,580 3,527,641
31,943,604 11,666,722 4,«67,939 1,420,113 1,948,819
35,595,734 13,227,609 8,l'20,30O 1,634,414 2,378,766
J an. 28, '83. 41,761,081 7,134,733 5,510,335 332,178 2,995,788
Oewego— Last week's stocks,
Total
134
1,514
141
379
78
2,482
1,213
806
18
272
68
241
934
177
660
2,642
112
1,271
143
2,127
368
2,922
5 900
16.801
6,900
2,8S0
9,244
1,200
8,822
22,701
2,660
10.444
From Mew England mill points direct.
The value of the New York exports since January 1 havs
been $931,691 in 1891, against $510,708 in 1890.
The demand for staple plain and colore! c ittons at flrst
hands was chiefly of a hand-to-mouth character, but transactions w«re numerous and reached a fair aggregate amount.
The jobbing trade was only moderate, but a fair package
business was done by a few of the large jobbers. Prices ruled
steady all along the line, and some makes of brown cottons
adapted for conversion purposes have advanced from 2J^ to
per cent. Bleached cottons were rather less active, because
buyers of leading makes are pretty well supplied for the
present, and there was an irregular demand for colored cottons. Woolen "wash" dress fabrics were in good demand by
jobbers and retailers, and there was a moderate business in
prints and other printed dress fabrics. Print cloths continued
in fair demand and firm on the basis of 3c. for 64x64 "spots"
and "near futures" and 2 9-ldc. for 56x60s.
1891.
1890.
1889.
Stock of Print Olothi—
Jan. 24.
Jan. 25.
Jan. 26.
aeid by Providence manoTers
.. 321,000
294,000
None.
Pall River manufaotiurers
466,000
15,000
None.
Providence speculators
None.
None.
None.
Outside speoolaton (eat)
Xone.
3,000
None.
Total stock (pieces)
787,000
None.
312,<«00
Importation* of Drr Gooits.
The importations of dry goods at this port for the week
ending Jan. 29, 1891, and since Jan. 1, and the same fact*
for the corresponding periods of last year are as follows
-
this week^s
not received.
B
THE DRY GOODS TRADE.
W»w TOBK,
sE
Friday P. M., January 30, 1891
li
8:
e:
8:
B=
Business in the wholesale branches of the dry good^ trade
was spasmodic and
'"i
869
21
82
719
46
MnM/wt.1
103
24
111
226
406
Foreign Dry Goods were mostly quiet in the hands of im35,773
46,683 porters and jobbers, but there was a fair demand for a few
specialties, such as fancy and staple dress fabrics, which were
967
distributed with considerable freedom. The public offerings
22,186
619 of imported goods were of no special importance, and values
108,200 are practically unchanged.
Tot. Jan. 24. •91.
Tot. Jan. 17. '91.
Tot. Jan. 25, 'go.
Tot. Jan. 26, •89.
Tot
Total
China, via Vanoonver
>
Blohin'd
Albany
BaflUo
South Aiiinrloa ..............
Other countries..............
"
Week.
1.
670
Arabia
6,188
4S,6.54
8,000'
H.Newd..
ButK.
Pea$.
1800.
Week. ainee Jan.
Mexico..... ............ ......
asporu
exports of ootton gooda
for the week ending Jan. 87 wer« 3,032
packages, valued at |1,')7,9,j4, their destination being to th«
ooints specified in the table below:
from
Oom,
Whtat,
btuh,
5
:
THE CHRONICLE.
81, lUtil.]
reoeli its of flour and nrrain at
ended Jan. 24, 1891. follow:
At—
Mew York
—
.
i
r:l.-|
«,"!
:
:
:
:
•
irregular th^
week, fairly active days
having been followed by others of comparative quiet.
Operations by package buyers on the spot were conducted
with a good deal of conservatism, and re-orders from the
interior were bar ly up to expectations, considering the favorable trade outlook reported by distributers in the West and
Southwest. Accou ts from some sec' ions of the South were
rather depressing— holders of cotton being reluctant sellers of
pa<!t
the staple at present prices having caused a monetary
stringency which has led to more difficult collections, and a
quiet condition of trade in s -me markets. More encouraging
reports in regard to the situa' ion at such points a
<
New Orleans,
Galveston and Mobile have, however, been received within the
last few days, and it now seem? apparent thit
a fair averagi
^Pf'J'g trade will be done by commission merchants and
jobbers in this city, though no boom is expected or desired by
the most experienced merchants.
Domestic Woolen Goods.— Although wholesale clothiers
were somewhat cautious in their purchases, there was a considerable business in heavy woolens for men's wear the past
week. The character of the demand has not materially
changed and prices remain steady. Low-grade cassi meres
were relatively more active than the finer grades, but the latter were by no means neglected.
Heavy piece-dyed worsted
suitngs continued in fair request and firm in price. Kerseys
were in good demand, as were cotton-warp and all-wool
beavers, and there was a fair business in rough-faced overcoatings for prompt and future delivery. Staple cloakings
were in fair request, and stockinets continued quiet and
steady. Soft wool and worsted dress goods (for ladies' wear)
were fairly active in movement and demand, and prices ruled
*'°°8 "^® ''°®- Carpets were in pretty good demand,
? *u
and
there was a light business in satinets, doeskin jeans, v
flannels and blankets at unchanged prices.
s
s
:
e
iiiiir
oaMCdCox
M
H*
Txco'^cobi
en -J
MMW
CO
U(0<1QOO
to'i'-'-'cbs
W^*-
CJD»-
QDOD
CD to
tOOj^JttW
to>-«eoeoa
cbacno><-*
#k,0«CdO(Ji
CO^P'OSCO
QOlC
•9
o
ACO
—o
(0 0)
tolo
toco
QOlO
^ :£ ^^ .0 O
toco
OPO
gig^ot-'cj
uco
'
MO3M0SC3
caco
(OOO
o cx to
*»•
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^' 01 iO
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coco
to CO -J 03
•**
COOi
aouQoco-4
to en
'^
I-
>)
w—OCOtO
gbtoxoft
enooo 2
»-QD-aC0i*>.
vtoa^cCGo
dco^-^cs
cocooacooa
M
OB*-
oooj
«os
co'J-'
f
Vcj»Aboi
Mf*
I
tacooaqaOD
tOH'
H'tO
»0«4jLjO9
OKI
Wa,
H*
to
I
totocKCoc;!
yt*.osw*i
OnbtOO»«
co':o^aM
COCK
a>0'toS;j»
cow
CO to
iS OOP' CO to
Mi^OOOtO
CO
I
aaolobb<
tOtOpJ^OJH*
OJC0*DXOi
to^oaga
-JOa
mqo
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^•"••^os-;^
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too»to'b»''*.
X
^ fO O b3 \£
S 3?
w to CO
^WC3 0SO
^i^tOCO^
i^cog*^(0
tox<^»-*x
Soi'-i-'a
cn9«oto «
2|
.
.
THE CHRONICLE.
214
lh.
[vol.
(READY FEBRUARY
(O.)
REVIEW— 1891.
FINANCIAL
COIVTEIVTS.
Retrospect of
Clearing^s
1 S90
and Speculation
securities listed at the
in 1890
Kew
Yorit Stocit Exchange
Business fbiiures in 1§90
Banlting and Financiai
Report of U.
'•
Secretary of Treasury
8.
Report of U. S. Treasurer
New York
City
Bank Movements
Great Britain in 1890— Commercial and Financial Review
Trade and
•.
Commerce— Commerce of the United States
Comparative Prices of Merchandise, 1860, 1879 and 1887-1891
Values of Exports and Imports of the United States and the Trade Balance for 30 years, 1860-1890.
Exports of Leading Articles of Domestic Produce for Four Years
Imports of Leading Articles of Merchandise for Four Years
,
Values of Imports and Exports of the United States for the calendar years 1889 and 1890
The money
Marltet—Review
Prices of Call Loans
—Currency
and Silver Status
and Commercial Paper, 1883-1890
Oold and Sliver— Production
Product of Gold
of the Market
of the United States in 1890
in Australasian Colonies
World's Gold Production since 1855
World's Silver Production since 1855
Foreig;n
Exchange—Prices
in
New
York, 1874-1890
Investments and Speculation
,
Compound-Interest Table, Showing the Accumulation of Money in a Series of Years
Stock Speculation in
New York
Table Showing the Rate Per Cent Realized on Securities Purchased at Different Prices
United States Debt and Securities-Debt
of the United States, 1793-1890
Highest and Lowest Prices of United States Bonds, monthly, 1860-1890
State Securities— State Debts and Review of Legal
Decisions
:.
Highest and Lowest Quotations of State Securities, 1860-1890
Railroads and Their Securities- Railroad
Statistics for the
United States
Railroad Earnings in 1889 and 1890
'.
Highest and Lowest Prices of Railroad Bonds in
New York
New
York, monthly, for five years, 1886-1890
Stock Market, 1886-1890
Highest and Lowest Prices of Railroad and Miscellaneous Stocks in New York for five years, 1886-1890.
Highest and Lowest Prices of Railroad Bonds in Boston, monthly, in 1890
Highest and Lowest Prices of Railroad Stocks in Boston, monthly, in 1890
Highest and Lowest Prices of Bonds in Philadelphia, monthly, in 1890
Highest and Lowest Prices of Stocks in Philadelphia, monthly, in 1890.
Highest and Lowest Prices of Railroad Bonds in Baltimore, monthly, in 1890
Highest and Lowest Prices of Railroad Stocks in Baltimore, monthly,
Reports of Trust Companies In
The Investors' Supplement
Wew
Yorlt
in
1890
and Brooklyn
Showing Dividends for Seven Years on Railroad Stocks in New York, Boston, Philadelphia and Baltimore.
Bonds—Description and Financial Condition of Companies, with Earnings, Maps, &c
York Bank Stock Table
Article
Railroad Stocks and
New
Railroad Earnings by months for Four Years Past on
Leading Roads
PRICE OF THE REVIEW, BOUND IN CLOTH,
TO SUBSCRIBERS OF THE CHRONICLE,
WILLIAM
B.
DANA &
102 William
Street,
$2 00
1 50
CO.,
New
Publishers,
York.
.
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