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xmm
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL
SATURDAY, JANUARY
60.
NO.
1890.
1,280.
from the previous week of about one hundred and seventy-five
millions of dollars, due almost wholly to the loss of one day's
business on account of the Christmas holiday. Contrasted
with the similar period of 1888 there is an increase of 2 per cent.
NEW YORK.
WILLIAin STRKET,
102
4,
CLEARING HOUSE RETURNS.
Week ETiding J9«^intxr 28.
The following statement shows the bank clearings for the
week ending to-day (Jan. 4), made up according to explanations contained in Chronicle of Oct. 26.
New
York
Week Bnd'a Dee. SI
P. Omt.
1888.
606.992.9fi»
616,634,106
—1-6
(188.478)
(123.8001
(19.772,350
(1,506,000)
(1,329,548)
1271,400)
(18,88M,450l
(13,892,100)
(-64-9)
80.368,213
6.121.800
1.508.266
1.039.908
980.828
075.438
984,020
585,472
78,858,626
4,449,600
1,620.982
P. Cent.
+
8,988.1,660
Sola of—
Week Ending January
CLKAEISOS.
Returns by IVIeflraph.
1890.
Bfew York
4.
New OrleanB
Seren cities, 5 days
Other cities, 5 days
«884,362,727
101,418,311
$811,900,525
90,104,211
+8-9
+12-6
Total all cities, 6 days..
All cities, Iday
$985,781,038
215,416,396
$902,004,738
204,412,370
+9-3
+S-4
JBOHton
PhlladelpWa
Baltimore
OMcago
St. I.onl8
Total
all cities lor
week..
$1,201,197.433
'
I
$676,295,195
87,084,417
59,538,011
10,947,629
51,981,000
15,846,480
10,207,793
(+186)
(-88-S,
(3,16<l.000)
+8-8
814,782
611,459
98.182.048
6,216,500
2,147,007
1,238,116
1,230,784
1,317,887
1,213,787
718,907
+U-1
—0-8
+7-6
—0-0
+7-3
+20-8
+14-6
91,543,940
83,991,961
""+»0
112,253,740
+11-1
88,067,789
10,872.977
9.878.809
733,727
883,082
+102
74,480,212
14.279,871
Wilmington, Del.,
Buffi^oV
61,805,878
12,605.110
11.959,617
874,892
889.577
3,833,513
-(TO
+16-8
+a-8
-0-8
+14-4
Total Middle.,
87,684,871
78,214,364
+18
59.009,193
9,798,000
4.970,878
4,037,391
4.243.545
2,874,200
1.518.631
1,316,537
581,191
53,782,620
9.18S.650
4,044,583
1.022,799
3,280.274
2.064.601
+10-9
+8-9
New Haven.
sprlngdeld...
Worcester...
Portland....
Lowell.. ....
New
Total
England.,
Philadelphia
Pittsburg
Baltimore
Syracuse
$1,106,417, 106
of clearings for the month of December
for the twelve months since January 1 is as follows:
bbls.)
Providence..
HHrtford....
',
The exhibit
hales.,
bushels.
Boston
+9-8
+19-1
-G-5
+28-1
+3-2
-6-7
+7-9
$831,460,084
103,733.617
65,696,076
14,026,000
63,650.000
14,780,730
11,018,214
and
Chicago
Cincinnati
Milwaukee
Detroit
Twelve
IHceinber.
Cleveland
llfo«t)u.
Columbus
Indianapolis
Peoria
Grand Rapids....
P.Ct.
t
KewTork
1,188,924,4
Boston
419,093,
Providence...
S!B,Oi«,
Hartford
New Haven...
SprlnKdeld ....
Worcester
Portland
Lowell
a.T.i,
5,730,
5.1H8,
5,241,
5,216,
3,091,
2,976,721,633
+8-3
.36,895,101,905 31,100,027,621 + 16 4
+7-2
24,812,000 +4-7
7,8«7.a31 +11-5
5,139,142 +11-5
90.7g5,0J6
5.;)3i,697
4,8112,40)
-31
3,184,884
-2-1)
+7-1
4,772,597.P43
282.14;,90U
1(0.913.289
63,927.220
81.2J7.832
58,583.105
66.912,583
30,038,899
+7-8
4,415.001 +18-1
Total N. Bng
478,322.8011
448,421^,755
Pblladelphia..
312,784,806
300.144,186 +4-2
50.52H.295 fl4-9
5).HI5,184 +Vb
8,3f6.13i) +0-1
5,409,370,451
1
PittaburK
Baltimore
SyrncuBe
58.(152,15"
58.9a*.al7
3,am,s7«
Wilmington..
Total Middle
0,862
3.0»t).541
136,882,080
4:1,981,342
3.6:
ClJicago
Cincinnati
Milwaukee
+14-8
Cleveliind
-I-29-7
264,131,250
245,4 U,80:i
19ri,272,151
t-24-b
)S1,155,0»2
Xndlanapolls...
+;o-7
101.93ii,278
Peoria
—1-8
+18-8
34,('88,27li
Tot.
M.West
San Praiioiaoo.
Kansas City...
Minneapolis...
Paul
St.
468,741,587
73,581,882
38,828,283
25,820.318
19,>-45,650
423,929,851
73.840..S10
41.U»r<,84S
77,v94,n3
+ 9-4
4,988,ie2,,')08
—01
843.368,151
836,736.964
447,258,'J31
420,100,55:i
-8-8
22.8U9.888 +13-3
18,052,732 +«>
240,221,009
209,4(j5.3,'<1
+8-1
+ 18-6
208.743.48.'.
194,778,847
81,648,870
68,891,479
34,232,092
35,023,051
19,688.043
30,8u6,346
+4-0
2,412,687.644
2.279,726,265
+68
88.004,,205 +2-1
59.938, 499 +81
27,881,,537 J-U-4
11,993,,172, +5-3
8,742, OOO +3-8
13-0
B,08l,,871
2,918,,912 +1041,793,,870 +107
5,850,,047 -12-3
987,622,829
604,174,843
359.879,103
127.930,473
900,474,878
465,754,552
301,;59,317
112.077.619
89.255,000
60,045.872
+ 9-7
St.
Louis
New
,
Orleans.,
LouisTlUe
Memphis
Rlchmoni
Galveston
Dallas
Fori Worth...
Norfolk
219,196,296
87.810,837
e3.«i5.211
3 1.054.-82
15.790,3(59
9,JJ71).(J00
7,89M,0«6
8,018,145
3,7l4.2-8
4,958,191
210,700,998
+
108,51i),062
74 ,940.884
[44.813,970
31.832,391
39,945,470
-19-2
-14
-38
I
Total
all
229,858.849
217,082.113
4.9»l]6i»,067 4,686,821,392
+5-9
2,279.258.156
45,218,01» -11-7
2,006,401,873 +IS-V
+6-5 38,013.871,893 49,497.600,202 + 13-2
•utside N. T., 1327.901,821 1,710,102,7591 -H)-9 20.118.689,988 18.397.472.881
106,167.6.30
-13-1
-1-8
650,480
828,363
363.888
464.220
-37-6
-19-8
+8-9
+12-8
16,870,814
8,797.973
6,089,888
4,689,486
4,609.868
4,440,610
1,986.403
1,809,686
674,614
618,872
859,762
4 9-4
+s<<-a
+122
+ 10-7
+iS-e
422-1
-2«-4
-.0
41,682,780
-1-6
~«,978.761
16,019,818
10,902,357
4,818.622
2.528.840
1.012.626
2.009,887
828,593
853.527
1,067,883
+3-8
+9-6
+14-8
20,681,866
18,411,273
8,981.943
4.078JJJ0
2,205,977
2,067.208
1.817.173
8S8.193
1.202,937
+22-1
4-121
+27-4
+89
+ 97-6
+8-8
39,743,142
(fee,
+88
+20
-W
+0-4
+8-8
+e«
-8-7
+1«D
+18-0
+1*0
+16-8
-11-8
+66-8
+187-8
-irs
+«1
66,608,687
~+87' 428.352.037
to our compilation of
which brings the following
31.
Iwelve montks, 1888.
Par Value
Actual
or Quantity
Value,
Price.
or Quantity
Vatiu,
61-0
RR.
KO-O
bonds.. t3u8.H;5.4'^5l »35H,013,41H
tl,130,930
^8
1,132,880,887
Average
t3.iill8.8«)'
»{i,932.:i50
+19'l
840.686
Actual
BankBtoolu
+*
+11-
1,780,0.^8
Par Value
State bonds.
+8
+«•
-15-6
8«S,10S
906,47!
732,418
18,626,407
11,943,408
5,306.288
3,086.981
1,807.007
1.458.894
December
-D-1
+11-8
+8-8
622,037
40,941.703
bonds,
+ 88-8
+1»8
1,885,881
Stock jfs;»
Gov't bonds
i
I
Total South.
+106
Twelve mtmthg, 1889.
421-6
+24-8
4,i>«6,88S
15.320,530
7,806,072
3,978.231
8,838.5 12
3,096.361
2.761.827
l.«85,945
1,123,778
-rll-l
25.21(8.962
78 4
18,089.'^S5 +V.0-8
+«•«
+16-4
+10'1
44-6
80,341,205
323,853,452!
to
+*•
71.088,468
12.776.850
6.137.791
13.310,312
7,738.251
4,459,631
851,790,278
Outside New York
* Not Included in totals.
down
104,880,179
88,778,687
939,387,5571
sales, &c., of stocks,
+10-7
+19-5
+70
+ 0-4
788.770
896.156
4,109,729
432
42.891.191
ail
Detertftiott.
-6-1
663,290
957,783,237
table
-80
+M
+S1'8
+10-9
18,838.771
1.307,18j
We have added the December figures
5
+14 2
^180
+15-6
+21-1
717,542
Total Southern...
Total
+161
4,989.903
3,086,200
2,086.011
1,392,888
716,546
1.582,li'2
698,201
Birmingham*
-51-6)
+29-5
—2-8
+2-9
1,091,826
1,588,758
0-,-t
IH.l 14.291
909.:'191
873.14V)
Dallas
Fort Worth
Norfolk
Nashville*
+ 10-1
4
,
Richmond
Ga'veston
+69
+ 100
+8 6
218,319,057 +100
194.912,811 +7-4
171.780,757 +19-4
134,319,389 +46-0
67,827,076
63,913,292
81,170,587
17,160.102
28,188.199
Orleans.
484 Memphis....
4,814,484.921
10' 1,971,599
Louis
New
+-iOo
tl4-9
13.072,945 +43-7
8,788,406 -7-9
8,098,553 +5-e
3.560.081 —28-1
2.7S0,726 -9-4
1,547.10U +8-1
2,323.484 I-16-8
.
St.
Louisville...., ....,
18,791. 210
Total oth'rW
Total Other Western..
+11-8
19,10«,500
Topeka
Des Moln«s.
Tacoma*
+ 8-7
Denver
8,07e,U4X
8,454,023
2,553.003
2,51U.563
1,641,388
2,879,476
Seattle*
Sioux City'
+6-8
Omaha
Duluth
St. Joseph
Los AnKeles..
Wichita
Portland*
+4-8
980,829
3,689,745
3,360,432
1,541.088
1.124,001
406,300
606,212
389,148
522.781
1.682.081
702.642
836.270
621.736
Denver
Duluth
34,51)11.838 t-12-2
3B.10(i,(i97 +10 3
3,163,771,483
520,424.850
23S,01»,«73
220.322,851
ld4,335,9Sh
111,101.127
90.297,002
70,242.318
30,941,819
+10-8
Orand Rapids.
820,587,730
88e,4-(2
.S.096.932
St. Joseph
6,020,945,748 +7'7 Los Angeles
Wichita
3,204,139.078 +13-8 Topeka
581.580,816 +12-5 Des Moines
+ 8-6
Detroit
Columbus
+56
52,070,112 4 8-7
60,412,844 +10-8
33,000.417 +7-3
4,476,914,384 +12-3
3,379,1126.188
665,805.05(1
San Francisco
Kansas City
Minneapolis
St. Paul
Omalia
+4-8
8(1,998,414;
58,0.38,808
+6-0 6,029,213,430
.5-5
f8-4
....
3,615.987,807
864,1*0.361
650,683,571
88,722,592
39,839,109
Total Middle Western
4,427,357,070 +7-8
218.857,200 +6-4
89,777,583 +12-4
M
-mn
-(85-6)
(1,263,780)
(863.500)
(18.809.800)
iOrain
(P«trol«um
Per Cent.
1889.
iharea.
(StoekM
(Cotton
tl."51','254
1260
$3.555.9<M 59-9
$2,429,660 140-4
IMfM
l.dt>«r'i
85,179,106
3639619143; 82'S
$5865,100.225 j
$34b.ul4.067 $300,4l0.5'22l 86-8
$7.90»,6O4 121-8
$0,.173,700
$2,738,393 68-8
$5,188,885
$<,685,9;7 140-3
$1,914,700
7081,468,086 t4 128920,107 62-7
lt60a4,710,967 (3853324,838 94-0
438,131,000 1104.808.880 91 l-So. 1,188,651.000 $1042806,815 87S-M.
18,0S5,9iKi *9-21 .825,610 $6114
20.814,600 $1049058.180 $60-35
Cotton, bis.
Oraln.bnsb. 1481,794,122 (114.'M31,847 77 l-8c. 1,988.032,782 $1759467.843 88 0-100
Total
...
Pet'lhn.bblB
For the week ending Dec, 28 the total clearings record a lo&» Toui
value
$6904,186,821
$7705018.187
THE CHRONICLE,
2
l?bt. Iv
1.
As there are still, we understand, some basaks
that have not responded to the call, a considerable nuni'
ber must have taken the occasion to settle up the
ary
THE FINANCIAL SITUATION.
been living over again the
same history and passing through the same monetary
experience which has on so many occasions been repeated
with perfect regularity, the degree of strain always
Tarying according to the strength of the banks for
We
have
week
this
doing the extra work. In anticipation of the recurrence of the event it was seen weeks back that the
old year would die hard financially, and that the crisis
would be more severe than usual; hence the great activity which has prevailed in short time loans for some
But notwithstanding such preparations among
weeks.
entire
deposit.
If
there are others throughout the
country contemplating the same course, and
holdings of funds are on bonds not to be sold,
if
it
their
might
be that some part of the late demand for currency
from the interior was due to that cause. But we are
inclined to doubt that such operations by interior banks
have been in progress to any considerable extent, as we
have caught no trace of them.
Our banks and trust companies have not of course
had any considerable amount to put out on call, and
upon the call they have not as a rule marked up the rate. But there
during the have been notable exceptions. A number of instituhas
Exchange
loan market at the Stock
40 tions have put everything up to 10 per cent, while some
touched
rates
that
extent
week developed to such an
latter
the
on
Thursday,
have charged 25 per cent and higher on all outstanding
per cent on both Monday and
is
Manipulation
As to time money, there
recorded.
being
loans, and have got it, too.
cent
day even 45 per
it is
and
so
funds
during the more active
extreme,
offerings
of
high
this
have
been
no
with
charged
correctly
has
which
however
the rates are less
demoralization
latterly
week
and
the
activity
days
of
of
the
much
with
But as we have remarked in an article on a nominal, with but very little doing. Commercial paper
prevailed.
subsequent page, though the occasion was used by specu- ha« been practically neglected.
In London, money seems to have been wholly domilators it was not created by them; it grew out of a real
weakness in the banks, their reserves being short and nated by the course of events here. When our rate
their resources inadequate for putting themselves into went up on Monday to 40 per cent, foreign exchange
position to make the disbursements which the first of dropped one point and became wholly demoralized.
January rendered necessary, and at the same time for The same day the governors of the Bank of England
supplying customers to the extent that they had been met and marked up the official minimum of the Bank
to 6 per cent, and the cable also reported discounts
supplying them heretofore.
So far as represented by bankers' balances at the of sixty to ninety day bank bills in the open market,
Stock Exchange, the extremes of the week for call London, at 6 per cent. Since then the open market
money have been 4 and 45 per cent. Not much has has been easier, and yesterday discounts were reported
a large class of borrowers the dependence
;
been loaned at either extreme. A large business, however, has been transacted at 25 per cent, and even yesOn Monday Mr.
terday 20 per cent was recorded.
Windom directed the prepayment without rebate of the
interest due January 1 on the Government bonds.
This announcement had an immediate moral effect on
the market, so that on Tuesday 18 per cent was the
But after New Year Day it
was found that there was as yet very little real relief,
and hence the old conditions and rates ruled again on
Thursday, as stated. It has been suggested that the
banks have been in some little measure crippled by the
Government call for 10 per cent of the deposits held by
depositary banks, which call falls due on the loth inst.
highest point touched.
The
call affects
far
as they themselves give
our Clearing House banks, not only so
up
their deposits without
selling the bonds, but also tends to increase the interior
demand
about
for
money wherever
by the
Treasury
this
same
is
brought
"We
notice,
result
requirement.
January Treasury statement,
that about 6^ millions of these deposits must have been
surrendered in December, that is, more than 10 per
cent the full amount of the call. This fact is apparent
from the following summary of Treasury cash holdings
on the first days of July, December and January.
according to the
first
of
—
Onited States Treaschkk's
18S9.
Wet Holddi-os of—
July
1.
1839.
December
1890.
1.
January
1.
"$
Gold coin and bulUon
BUver coin and bullion
186,711,561 187,496,672 190,833,053
26,502,392 13,546,310 10,240,967
Legal tender notes
29,601,085 14,819,022
6,673,925
National bank notes in cash
199,112
225,732
133,253
National bank notea In redemp'u
3,959,219
4,026,241
4,367,102
Fractional silver In cash
25,354,608 22,235,827 22,011,703
'
Total In sub-treasuries ...
Total In depositary banks
Orand
total
.
272,328,177 242,349, .804 234,260,003
47,432,377 47,372, 668 40,939,852
310.760.5541299.722.472 275.199.855
at 4^ per cent.
We notice that according to
the associ-
ated press dispatch the Bank of England gained £463,000 bullion this week.
Our figures by special cable
The total
dispatch
show a loss of £23,000.
withdrawal from the Bank of England for export has
been £70,000, wholly for Portugal and France while
the amount received from the interior is reported to us
;
The Bank of France reports a decrease
during the week of £466,000 gold and £207,000 silver.
Our foreign exchange market, as already indicated,
On Monday the quohas fluctuated widely this week.
tations posted were twice reduced, the last reduction
The nomibeing to 4 80 for long and 4 84 for short.
with
Tuesday,
nal rates continued at these figures on
at £47,000.
_
the market quite irregular, quotations for actual business being reported at 4 78i@4 79^ for sixty days and
82^@4 83i for demand. On Thursday, in sympathy
with the easier money market, rates stiffened, the posted
figures being marked up to 4 80^ for long and 4 84^
4
for
demand, and there was no further change yesterday.
Some
further disturbances in railroad rates in the
AVest have occurred the present week, this time in the
The
trouble seems to grow out
Western States Passenger AssoThis association had kept passenger matters
ciation.
in very good shape for a long while, so that even during
the extreme and prolonged contest on freight rates
passenger tariffs were comparatively little affected. At
a meeting of the Asso.ciation however last month several
of the lines gave notice of withdrawal, and differences
having developed which it was found impossible to arrange, it was agreed to dissolve the association with the
end of the year. The first effect has been a cut in the
As usual, there
rates between St. Paul and Chicago.
are charges and counter charges, and each line holds
passenger department.
of the dissolution of the
It will be noted that the deposits
on December
1,
were $47,372,668 the others responsible for the causes leading up to its
whereas they were $40,939,852 on Janu- own action. How long the difficulty will last it is of
I
;
JAN0AHY4,
:
.
THE CHRONICLE.
leiO.J
coarse uot easy to say. There appears to be a disposition
within small limits and
to
confine tiie trouble
showing a loss in both cases, must be regarded as a very
good statement indeed, considering the condition of the
a press dispatch, December 31, stated that the St. anthracite coal trade. A few other roatls also show losses,
Louis lines running north, northwest, west, and but these have no general significance.
to Chicago, had agreed to maintain passenger rates until
The change in the year has as yet brought no change
the Presidents could meet and devise a plan of action. in the condition of the stock market. High interest rates
It is clear that some new body or organization will have still act as a check on speculation, and the disposition
to be formed to take the place of the defunct associa- is not to engage in any new or extensive venture*
tion, for without help of that kind each line acts inde- till
the
monetary
situation
improves,
or
at
pendently of all the others and it is hard to make joint least till the prospect becomes clearer than it now is.
arrangements or secure unity of purpose. Such a con- There have been few features or developments of
dition of things if prolonged must lead ultimately to moment, and dealings have been on a small scale. The
chaos, and as railroad managers profiting by past ex- tone early in the week was perhaps a trifle less strong
perience are determined to prevent such a result we than at the close, but dullness has been the prevailing
may take it for granted that some way of meeting the characteristic and the fluctuations have been confined
There is in any within narrow limits as a rule. Among the specialties
emergency will soon be discovered.
event no ground for apprehending that the general Chicago St. Louis & Pittsburg and Tennessee Coal &
rate situation, which under the Presidents' agreement Iron have had a sharp rise, and yesterday Colorado
has been so very much better than before, will suffer Coal & Iron and Missouri Pacific and the Gould specialties
seriously from these passenger disturbances in the were active and higher, favorably affecting the whole
Northwest.
market.
Reports of railroad earnings, gross and net, still conThe following gives the week's movements of money to
tinue highly satisfactory.
Quite a large number of re- and from the interior by the New York banks.
turns of net have been received this week, covering the
month
of
November, and almost without exception
of a very favorable tenor.
increased
its
Week ending Jaiu
are
tf.
The Louisville & Nashville has
net from $499,670 to $655,875, or $156,205.
For the five months of the fiscal year from July 1 the
company is $835,348 ahead in net, being an improvement of nearly 33 1-3 per cent. The Canadian Pacific
is another road which has been gaining very largely
through the year. The increase in net for the month
is $135,456, and for the eleven months no less than
As a result, the management this week
$2,037,233.
agreed to increase the rate of distribution to the stockholders, and one per cent extra is to be paid in February
semi-annual regularly
paid out of the guarantee fund held by the Canadian
Government. The Erie reports a gain of $218,873 in
gross and $89,890 in net for November, and $461,559
QOld
Total KOld and legal tenders.
and $191,783 net for the two months of the
fiscal
year.
Week endlno Jan,
more on the lines controlled. But for the eleven
months of the year the improvement reaches the large
sum of $3,966,096 on the system proper and $859,517
on the outside lines, or $4,825,613 together. The
Milwaukee & St. Paul has $128,142 increase in net for
the month and $377,561 for the five months of
the fiscal year since July 1.
The Chesapeake & Ohio's
net stands at $154,000 for November, 1889, against
only $74,000 in November, 1889, and the new Big Four
(Cleveland Cincinnati Chicago & St. Louis) for the
same month has net of $385, 830, 'against $304,960, The
Cincinnati Southern has net of $155,000,against $93,000;
the Northern Central $166,779, against $125,512
the
Shenandoah
Valley
Railroad,
against
$18,513
$2,288 the Iowa Central, $56,881 against $33,906
the Toledo & Ohio Central, $52,630 against $43,931
the Western New York & Pennsylvania, $74,563
;
;
;
.
3,
Y.
Skipped by
net Interior
Bankt N. Y. Bankt.
t2,395,000
300.000
12.308,000
12,695,000
(2,558,000
Gain.
Qain.
operations, the result
Ifet
Into Banka. [Out of Banks.
1890.
187.000
50 000
Oaln
250,000
1187,000
is
Change <n
Bank HoUUnf
Banks Interior Movement, as above
(2.695,000
$2,858,000
Snb-Treaeurj operations
13,800,000
10.900,000
Gala. (1^,000
Oaln. 2,900,000
116,498,000
(13.468.000
Gain. (8/)37,0Oe
Total gold and legal tenders. ...
I
Bullion holdings of European banks.
Jan.
Jan. 3,1889.
2, 1860.
Banktot
Sold.
Siirer.
£
France
rotoi.
eofai.
£
£
£
17.782.789
tfingland
aUver.
19.:«6.17I
19.386.171
89.233.000
42.924.000
21.466.000
12,56»,000
50.485,026 43.019,188
25,»70,000 12,935,000
98.484,194
38,805,000
40.205.000 49,018,000
28.616,000 14,303,00C
5,444,000 16,225.000
81,669,000
8.93 .',000 15,854.000
eietherlands..
6.088.000
6,020.000
11,097.000
8,087,000
7.432.00C
BelKluni
2,727.000
1,384,000
4.091,000
2,475.000
1, 233,001'
^fat.
£
17,782,799
....
Qermany
total.
£
Anst.-HunK'j
3.7 13.0
W
week
107,366,S23 84,!572,ie8 191,9«.»03 101.881,171 87,600,000 189.28l.17t
Tot.prev.w'k. 108,020,532 84,987,168 192,987,700 102.261,500 88,132,936 190.391.4M
rot.ttais
The gains on the Burlington & Quincy are much
smaller than early in the year, reaching $102,393 in
net for the month on the system proper, with $2,566
.
With the Sub-Treasury
in addition to the 1^ per cent
gross
Jieetived by
8, ISttO.
TffS
SPASM IN MONEY AND FUTURE
PROSPECTS.
The conspicuous event
of the week has been the^
and wide fluctuations in money. Forty to four
per cent on call in Wall street, a drop of one whole
point in sterling exchange with that market demoralstress
ized, a rise to six per cent
in the oflBcial
minimum
(rf
Bank of England, moderate shipments of gold to
New York from Paris and some from London, are
among the distinguishing marks which the history of
one day made and left. Strangely enough, railroad
the
securities
seemed to stand
feeling the
strain scarcely
almost unmoved, bonds
ill, and even stocks
at
being but slightly affected.
These spasms never
they occur, but there
fail
is
to surprise the public
whea
nothing in this event which
our readers might not have foreseen, and which most
borrowers, as we stated last week, had prepared for.
An event of every year is a special disturbance in
the Louisville New Orleans & Texas,
$152,047 against $110,362; the Ontario & Western,
$21,539 against $7,346; the Cleveland & Canton, $15,307
the
687 against $557,210 for the month, and $5,513,551
against $5,588,768 for the eleven months. This, though
dence among borrowers. Conseqiwntly, short time loans
have been the feature for a month, or longer, as a means
against $55,191;
money, when the banks are making arrangements for
first of January payments, and this year there
against $5,510, and various other roads larger or smaller were reasons for more than usual sensitiveness in
gains. The Central of New Jersey reports its net $502,- that market, and calls for more than the usual pru-
JHK CHRO.M1CLE.
bridging the period
for
the
to
middle of January.
bi-lieved tiie stories afloat that tiic curroiit
artificial were less prudent tluin
Those who
activity in
money was
they slioiiM
and so sarved the speculator's
For, no doubt, the extreme for money rec-
purr»«»"'.
M j.iJay
the result of manipulation, and,
half the stories that are told arc true, there was a
orded on
if
hiive been,
w.ia
cruel use of power in
many
But we must,
instances.
manipulatiou would
«t the same
have been comparatively powerless, had not the banks
remember
tini.-,
tiiat
along been very short of cash, and
all
money
extremely critical in scrutiniziug securities
through the banks to the interior in the six month
under review has been 40 million c'ollars, and if this be
added to the 16 million dollars, which as shown above
onr New York banks have lost, we have a total gain in
the currency afloat in the interior of the United States
That is to say, there was
of about 5() million dollars.
on January 1, 1890, that amount in the channels of
commerce outside of our New York banks, more than
there was at the beginning of the current fiscal year
July
—a situation
new year
every condition wears a character favorable to activity
in our stojic market except tha monetary situation.
There is no co.Tiparison between this January and the
impression such a statement leaves is most
new supply in so brief a period
called money ought to suffice for all the needs
first
certainly that so large a
of
in beginning the
1S89.
1,
The
lenders
prevails.
which, unfortunately, still
Hence it happens that
[VOu. L.
what
is
of business, including crop purposes.
That idea
finds
strong support when one recalls tlie vast additions
which have been made to the circulating medium durA total in active use on
ing the past eleven years.
worth of the securities dealt in. January 1, 1890, of $1,430,909,455, against a total of
when specie payCurrent values have a positive basis in present and pros- $827,710,559 on January 1, 1879,
increase obviously
an
indicates
resumed,
pective profits, in place of the uncertainty and doubt ments were
and growth
wealth
in
growth
the
to
proportion
out
of
which ruled a year ago. But the great obstruction
last in the substantial
currency and are in volume of transactions. During the same eleven
department of years also our appliances for making exchanges, aside
every
What
suffering the consequences.
is
else
a sound bank from the currency in use, have marvelously increased.
all
things
than
business needs more
not at Wash- Bank checks and bank clearing houses have both
redeemable,
readily
the
notes
note system,
we have a forced and an
is,
inelastic
ington but at the chief centres of trade, so that the
recurring seasons of activity and rest in our industries
may meet
contraction
question
is
a
the
in
corresponding
notes
afloat.
and
expansion
served in a certain sphere largely to lessen the volume
of actual cash needed for effecting transfers of property.
We have
not what we should have.
the laws and conditions as they
would seem to be no
South and the East
and
the
West
The
Theoretically, therefore, there
But to-day the
deficiency.
ought, through these copious additions to the issues of
former
years, be supplied with sufficient of the tools of
exist,
which all are interested in solving pertains to the commerce to carry on business operations, and now
money market and its prospects during coming weeks. that the first of January is passed a large return curOn that point we know no better method for gaining rent is due, and cannot fail to set in towards this
That is the course of reasoning that is being
light than in getting as clear an understanding as the centre.
facts will permit of the course of events during the last pursued, and at least has the semblance of plausibility.
with
deal
to
.
and the problem which
is
puzzling everyone and
We put
year we find that our Clearing House banks started at
that date (according to their return of June 29, 1889,)
no confidence in the opposite idea which presome extent, that New York is no longer the
financial centre of the country's trade, and that a tidal
movement of currency can for that reason no longer be
expected.
To be sure there has been a great
development of wealth and of industrial activity at
with a total reserve held of $117,593,900 and a
many
six
left
months, and the position in which those events have
the Treasury, our city banks and the interior
centres of trade with respect to their currency supply.
Going back then
to the
beginning of the new
surplus reserve of $7,592,225.
ing to their return of
On December 1
November 30th) the
fiscal
total
(accord-
total reserve
was $102,032,200 and the surplus reserve $1,891,850.
On January 1 (according to their return of December
28) the reserve was $101,701,800 and the surplus reserve $2,021,(575.
During all this six months period
banks have with short intermissions been sending
It will be noted that com.
paring the first and last return they have lost about 16
•the
•currency to the interior.
million dollars net.
We say net, because that loss does not by any means
cover the entire shipments of the New York city banks
to the interior. During the same six months the Government has reduced
ury, that
is
its surplus holdings in the Treashas paid out in excess of its receipts, 38 mil-
lions of dollars.
Besides that,
it
has issued over 16 mil-
lions of silver dollars or their representatives silver certificates.
As our city banks have 16 millions less lawful
money now than they
held on July
1, all
of these
new
issues (54 million dollars)
have passed into the interior,
the most of the amount through the New York
banks. At the same time, however, that is during the
aame six months, the National Bank note currency has
»nd
^lecreased 14 million dollars.
Consequently the net new
-aupplies to the banks from the Gorernment
and thus
vails to
and in various particulars it
upon
New York that once existed. But as to currency,
there are no considerable accumulations kept anywhere
At many points domestic wants are larger, so
else.
domestic bank capital is larger and domestic supplied
Yet if we take into consideration the
are larger.
growth in the demands upon any one of these interior
points, for instance upon Chicago, it will not be found
that its current supplies of lawful money in bank have
at any time increased in the same proportion.
We saw
last fall and we saw the fall before that, as soon as the
crop movement began that there was a mere trifling
surplus in the Western banks to meetthe requirementsj
the sections in question had no recourse but to draw
on us at once and so they did and so they are doing
still.
No, the centre of circulation is here and will be
is
interior trade centres,
true that there
is
not the same dependence
here so long as the current of trade with the outside
world
sets
through
New
York.
does not follow from what we have said that
there is to be a free return movement of lawful money
this winter. Can there ever be much of a reflux under our
present inelastic currency arrangements until not alone
Still it
the bulk of the crops have been moved for which ostensibly
the currency was sent, but the fever of business or speculative activity which
such currency excites has so far quieted
January
4,
THE CHEQNICLK
1890 ]
make its presence in the interior no longer of use. Becurities retired, we shall have remaining to represent
This appears to be the teaching of late years, the grand new capitalizations nearly $207 million bonds and $70
The following is our table in its usual
result being that no active season's outflow has returned millions stock.
except in small part until a year of business stagnation form showing these facts.
LISTIMGg oil NEW TORK STOCK EXCIIAMOK.
Then, too, during the present season the
set it frdfe.
efflux does not appear to have been so very largo when
Old iuue$
Rtplueino
Xew Uiuei,
Bondn.
TMal.
as to
we consider the conditions. AVe must remember that
the latter portion of 1888 and the first six montlis of
1889 were comparatively dull throughout the West and
South, but thft the last six months of 1889 were
This contrast bevery active in the sections named.
tween the two halves of the year is borne out by
the returns of railroad earnings and bank clearings, and
is so obvious that it does not, we think, need further
newly tUled. old seeurttU^.
$208,864,000
188U..
2G1,9£0,631
11,792,000
237,220,587
311,002.218
1887
180,380,000
16,301,000
140,787,321
343,477,321
1880
81,641,000
47,334,390
109,102,300
238,097,600
1885
103,84 1,000
27,700,000
«5.715.0OO
197,259,000
$09,721,717
$9,036,' 00 1^179 002,057 $259,649,774
Stocks.
1883
July opened with trade comparatively inactive,
1888
and yet there were no considerable accumulations of
1887
currency anywhere except in New York, and these over
1^80
11 millions less than on the first of the previous July.
1885..
That indicates that the old supplies were not even
proof.
XoT'
then free to return. Since that date trade has greatly
improved, and for months now has never been surpassed
in either bulk of transactions or in activity.
$6,050,000 tl7t'.806,000 $389,720,000
1888
175,417,443
248,228,27&
62,108,357
10,372,475
98,726,791
32,643,42C| 138,683,333
270,053,560
54,006,350
67,236,800
208.226.200
329,469,350
3,700,000 _35,430,q00
56,913,116
_17,783,1W
— Aiiplicallous for tlie listing of Truat Company
86' uritles uiarki'd
"a«.spnte(l" (If
rccelpti, and ot
rrnpiiratory to rcor(.'anizatlon).or of
c, lilies stumiieU "assumed" or "assessuiont paid," the Bouuritlc»
iiisi'lves baving previously been listed, are not included in thl* tables
«
till
Remem-
From
the above
further appears that compared
it
now ended has witnessed
bering then that this cycle of activity began with the with 1888 the year
a falling
currency afloat substantially all in use except the surplus off in the listing of bonds constituting what we have
which was in New York banks, and that the year ends styled new issues to the extent of §55 millions, and yet
with the movement of products still very large, and the the total of these for the year is really remarkable. It
interchange of commodities actually quickened, it ouglit exceeds the 1887 total by over 14 per cent, the 1886
not to cause surprise if the return movement should total by about 153 per cent, and the 1885 total
by more than 99 pap cent. Only when placed
be materially slower than it was a year ago.
What effect Treasury movements will have on the alongside the aggregaie for 1888 does it assume
market is of course entirely problematical. We have modest proportions. But 1888 was an exceptional year
new
gone over the subject so frequently that our readers are
familiar with the diffici'.lty of forecasting Treasury
management. One fact looks evident from this month's
exhibit, which is that the old surplus has been pretty
closely paid out, and after Mr. Windom has taken a further 20 millions off from his deposits in banks (which
will of course add nothing to the currency afloat except
the premium on the bonds above the deposit), he wiU
have gone as far in that direction as he is likely to go.
Leaving out fractional currency, which cannot be used
to pay debts and the 100 millions gold reserve against
the legal tenders, he only had on Jan. 1, 1890, in subtreasuries and in banks 153 millions of cash.
Hence if he reduces the amount in bank 20 millions
for
ensure confidence in foul weather.
the decline in construction.
It followed
issues.
tion never before surpassed,
an era of railroad construcand which culminated in
1887 with over 12,900 miles newtrack laid down in that
year alone.
As the bonding
of railroads often follows
some little interval, 1888 succeeded
an inheritance of no small size in the loans which the
their construction at
to
building of railroads in 1887
made
necessary, while in-
eluding also probably a large majority of the loans based
on the mileage constructed within its own limits. The
sudden curtailment of railroad enterprises in 1888 lowered
the total of
new mileage
to about 7,000
year and to about 5,000 miles for 1889.
miles for that
The number
of
on the New York Exchange (all but a
small part of them being on railroad property) was
further, that will only leave him 133 millions surplus bound to reflect the changed conditions, and it does.
to cover all his trust funds, and carry on the vast and Owing, however, to several reasons, but chiefly perhaps
complex business of the Treasury. That surplus would to the growing esteem for listing as a means of securing
no doubt be more than enough in fair weather, but we a wider market and a better standing for securities, the
had in mind the query whether it would be enough to contraction in the rate of listing is not proportional to
secui-ities listed
The
ON THE NEW YORK STOCK
EXCHANGE IN 1889.
LISTINGS
The year 1889 has been notable on the New York
Stock Exchange in two respects first, for the changes
—
in
and additions
in; second,
to the regular list of securities dealt
for the
additions to the
and the heightened
importance
of
"unlisted"
dealings
in
list,
the
unlisted department.
The
gross increase for the year in the regular
list
reachesniearly $390 millions in bonds and 1360 millions
in
stocks.
If
from these
manner explained
totals
be deducted in the
in previous years a small
amount
of
hands of investors but only now
listed (about $6 millions of bonds and $10 millions of
stocks) and the very considerable item of securities
(amounting to close on to $177 millions for bonds and
$180 millions for stocks) issued merely to replace other
securities long in the
recently-built railroad
contributing to the
new
found in many different sections
country,
tlie
and
in most cases belongs to short
of
roads or extensions, rather than long through lines,
such as those built in other years by some of our
Western companies. Looking at the more conspicuous
issues by particular roads or systems, we come upon
many points of interest. Burlington & Quincy has
listed $5,550,000 Nebraska Extension 4s (all but
$150,000 having been sold since January 1, 1889) upon
extensions, and $3,012,000 consolidated 7s, part of which
went to retire bonds maturing. The Nebraska Extension mortgage allows for the issue of bonds on 1,500
miles of road at $20,000 a mile for single and $10,000
issues in 1889
is
to be
additional for double
000,000 in
amount
have
all.
issued
been
track, or
The bonds
np
retired
to
not exceeding $45,in 1889 bring the
listed
$25,400,000, of which $215,000
There
the sinking fund.
by
THE CHRONICLR
6
[Vol.
U
exclusively the outremaining to the new issues of our table do not cover
They include as
road.
recently-constructed
lays
for
Northcompany for future requirements. Chicago &
(hence occaroads
for
old
expenditures
capitalized
well
4s,
extension
western listed in May, 1889, $4,060,000
Atlantic
& Pacific
the
as
mortgages,
second
sionally
e
mad
was
which it had disposed of in 1888. This issue
bonds
and
second mortgage above mentioned), also
road
upon deposit of bonds coTcring 221 miles of
of
excess
plans,
in
reorganization
Iowa. stock issued under
Michigan, Dakota, Wyoming, Wisconsin and
is,
therefore, a sizable
balance
still
m
trust
Collateral
freedom of
considerable
company.
deemed so
bonds,
issues,
Continuity
essential to
by
is,
morement
in
the
all
the old issues retired, for floating debt, for car trusts,
Now it
the issuing for compensating reductions of interest, &c.
reorganthree
review
year
under
in
the
that
happens
mortgaged
allow
plain,
is
to
road
a high grade of
these
no account, and lines
means of connection
it
very
mortgage izations of great magnitude (not to mention minor ones)
of have been effected and their securities placed on the
rendered
first
contrivances,
over the country, with no
of foreclosure,
in case
secnrity for a single lot of bonds.
maybe
We refer to the Wabash, the Mexican
list.
It is worth while
Central and the Chesapeake & Ohio.
alteration in
what
moment
to stop and consider for a
inoutstanding
companies'
of
the
amount and character
occasioned,
and
have
reorganizations
these
debtedness
regular
For a comsuch
enjoys
Northwest
the
which
pany of the standing
little meanbut
have
event,
any
in
would,
an objection
application, what too has been the effect produced by them on the
ing, and in this particular case has the less
Take first the
capitalizations for the year.
inasmuch as all but a small fraction of the mileage on total of new
first mortissues
$32,259,000
company
This
Wabash.
a
which the extension 48 are (indirectly) secured is
replaced
a like
about
$19,359,000
these
Of
5s.
gage
suggests
unit by itself. This small fraction, however,
balance
(some
the
$3,900,000),
but
firsts,
of
old
amount
instruopened
by
is
lax financiering
made
what a possibility to
ments of this nature.
Hock Island has listed $4,537,000 5s of 1884, covering
not only 76 miles of branches in Iowa and Missouri, but
also a bridge over the Kansas River, with 10 miles of
track and valuable terminals in Kansas City, and be-
capitalizing
scrip,
overdue coupons, &c.,
is
a
"new
$13,887,000 second mortgage bonds to the
amount of $9,210,000 or thereabouts retired certain old
second mortgage and consolidated mortgage bonds, but
issue."
Its
the remaining $4,677,000 were for car trusts, scrip and
coupons, and must be classed, like the first, a
sides these also covering, by a deposit of collateral overdue
"
Lastly, it issued 129,500,000 income deissue."
new
bonds, new equipment, and extensions of the Chicago
giving
$33,000,000 of them dollar for dollar
bentures,
Kansas
Nebraska
&
Nebraska. The Chicago
Kansas
&
and has a total mileage for old collateral trust and general mortgage bonds, and
Minneapolis
Paul
& Manitoba^ using the balance, $7,500,000, for payment of floating
of 1,388
which in 1887 for itself and its proprietary companies debt, &c. In the aggregate, then, there seems to be someobtained a place on the list for some 117 millions of thing over $15,077,000 of new capitalization, but with
bonds, in 1889 added thereto only $8,501,000— $801,000 reduction of fixed interest charges to about $2,015,000
of its own consols for branches in Minnesota and Da- for the whole system.
Its priority bonds, of
So, too, the Mexican Central.
kota, 14,350,000 Eastern Minnesota firsts for the extenthe
are
listed,
go to retire
which
$7,000,000
with
its
valuable
miles,
sion to Lake Superior, 70
now
enters the Indian Territory,
miles.
St.
and $3,500,000 Montana Central firsts for old debentures and coupon notes, and therefore
Its
the equipment and completion of the road from Helena iuvolve comparatively little new capitalization.
Butte is the most first mortgage 4s, however, authorized during the year to
to Butte in Montana and branches.
terminals, &c.,
reached by this system, which
some day have an outlet of its own to
the Pacific. To the Southern Pacific system applications have been granted to list $7,253,000 Southern
Pacific of California general mortgage 5s of 1888, and
t5,500,000 South Pacific Coast 4s, both of these latter
companies having lately undergone consolidation with
various minor corporations in California.
Other important issues admitted during the year to a
place on the regular list, nearly all of which, if not all,
naay be classed as new in the sense in which we use the
Western
locality so far
rumor has
it
will
be listed to a total of $53,344,000, as from time to time
issued, were to be exchanged at par for the old firsts,
which only $48,605,000 had previously been listed.
As the balance ($4,639,000) of old bonds not on the
of
list
were certified but
for lately constructed
amount
cisely as
little
prior to the reorganization
mileage, the
listed in their stead represent
new 4s
a new
to a like
issue pre-
though the reorganization had never occurred.
first consolidated incomes ($15,973,000)
The company's
were distributed among the holders of old firsts ($300
per bond) as compensation for reduction of interest,
word, are the following: Atlantic & Pacific new seconds and must be treated as new, while its second consoli5,600,000, Colorado Midland firsts $6,250,000, the two dated incomes ($10,648,000) were exchanged at par for
new Brooklyn elevated issues, the Union (of the Brook- old incomes, and none of them can be called new except
lyn Elevated system) $2,305,000 firsts, and the Kings $427,000
issued
on recently-constructed mileage.
County, the Fulton Street linCj (for an extension of There is, therefore, in this case an increase in par value
which the Fulton Elevated bonds have lately been sold) of securities amounting to $21,039,000, accompanied by
3,377,000 firsts; Richmond & West Point Terminal a decrease in fixed interest charges. The Chesapeake
collateral trust Ss $5,739,000; East Tennessee improve
& Ohio case is also interesting. It has listed $19,693,000
ment and equipment
58 $3,000,000, extension 58 $320,-
consols
of
1939.
Of
these
$10,000,000
retired
$15,000,000 "B "bonds (which received also $5,000,000
Savannah & Western (Central of Georgia system) 5s first preferred stock), while $10,000,000 currency bonds
5,000,000. Finally we may mention the two gas com- were converted into second preferred stock. The balpanies, the Laclede of St. Louis and the Bay State of ance of the consols ($9,693,000), which went to disBoston, with $9,034,000 and $7,000,000 of bonds respec- charge car trusts, to pay for the line to Cincinnati, 144
000; San Francisco
& North
Pacific
tively.
5s
$4,000,000;
But so
miles, etc., constitutes a new capitalization.
a clause of the last far as the company's funded debt is concerned, it is
paragraph, deserves more particular attention.
We actually decreased through the reorganization by over
refer to this, that the capitalizations indicated by the
$5,000,000, and that too with an increase in the prop-
Oae
fact,
made evident from
January
4,
IKO,
THE CHRONICLE.
t
and a reduction in the rate of interest
on most of the debt.*
In the "unlisted list" the changes have been comparatively few in number, and the additions of importance wholly confined to stocks and certificates; but they
have nevertheless raised the dealings of that department
for the time being from insignificance to an important
The unshare of the whole business of the Exchange.
listed department, it will be remembered, was created
in March, 1886, " to facilitate and encourage dealings
erty mortgaged,
Moreever, but for the circumstance that cerearnings increased heavily, the loss
would have been much larger. Thus there was a gain in
the mail earnings of $392,417, in passenger earnings of
traction.
tain sources of
$66,783, and in the revenue from the use of road (by
New York New Haven &
$482,255 together.
All
however, show a decrease
785, rents
Hartford) of $23,055, making
the other enumerated items,
—freight
interest
$214,985,
amount
in
of $323,-
miscellaneous
$242,817,
sources of income $136,703, and telegraph earnings $050,
charge so that on these five items the decrease reaches $918,940.
As concerns the falling off in income from sources
was made for placing securities on its list, and no
vouchers were required except an endorsement by a other than the operation of the road, we have the
member of the Exchange, if the parties applying were necessary data to explain it in the case of only one of
in
miscellaneous or unlisted securities."
At the
unknown.
outset
it
No
was deemed not expedient the items, but that
to introduce dealings in petroleum certificates.
The
"
list" for the new department was printed in
March, 1886, and was about half the length of the
For some reason the experiment showed
present sheet.
few signs of success, a few hundred shares being the
In May, 1886,
usual number of sales for a single day.
a source of future activity was introduced when the
American Cotton Seed Oil certificates were granted admittance, and in March, 1888, if we recollect rightly,
the Pipe Line certificates also secured recognition. Not
till 1889, however, did there come an influx of new
blood sufficient to infuse a semblance of real life in this
department. In February of that year the Sugar Kefinefirst sales
an illustraFor instance, the amount of inreceived (from investments), and included in the
will doubtless serve as
tion for the others.
terest
total of the gross earnings, as
are
the other items
all
—
mentioned this interest from investments has declined
from $788,326 in 1888 to $545,509 in 1889. The report
before us furnishes full details of this income, and comparing these with the corresponding figures for
tlie year
preceding we find that the amount in that year increased
largely, and that the increase followed wholly from
exceptional causes.
The company then
received special
dividends from two classes of stock held in
$155,840 came as a
its
treasury
:
per cent extra (in addition to the
regular 8 per cent)
on
$2,597,400
Merchants*
of
March the National Lead Trust, in June the Dispatch Transportation Company stock, and $86,138
American Cattle Trust and the Distillers & Cattle came as an extra 13 per cent on Syracuse Geneva &
Feeders' Trust, while later the American Pig Iron Corning stock.
As these extra distributions were not
ries, in
Company and the Great Northern repeated in 1889, the Central's income was diminished
Company all made their appearance. As a $241,978 in that way, and this accounts for nearly the
Storage Warrant
Railroad
consequence of these additions there have been days in
the course of the year when the sales on the unlisted
department, counting the shares sold at their face value,
approached, if they did not actually exceed, in amount
the sales of the other department.
^EW YORK CENTRAL
The
TRAFFIC CHANGES.
operations of the Central for the late fiscal year
deserve analysis with reference to one fact,
if
no
other.
The company's gross earnings fell off in that year, and
had it not been for the reduction in expenses which
it
was able to effect, the net result also would
have been less favorable. The query is a natural one,
therefore.
for ?
How
And
is
the falling
the matter
is
off in
earnings accounted
the more important since in
the case of both the Pennsylvania and the Baltimore
&
whole of the decrease in interest. There were other
changes of course, but of minor significance.
It is
the results from the ordinary
traflSc operatioris,
however, that possess the most interest, besides having
a wider bearing than the mere
fluctuations in the
income from investments, &c. We have already pointed
out that there was a loss in freight earnings in the sum
of $323,785.
Did the company have a smaller volume
of traffic ?
In one sense it did in another it did not.
If regard be had to the tonnage movement one mile
which is the real measure of the work done then there
has been no falling off, but rather a slight increase,
and the company did the largest business in its history.
On the other hand, if regard be taken of the actual
quantity of freight handled and moved, this being a
consideration affecting receipts no less than the tonnage
mileage, in that view the freight traffic of 1889 was not
;
—
Ohio there was a pretty considerable gain in the same
The total number of
quite as large as that for 1888.
twelve months.
in the late year, and
tons
carried
was
15,112,235
At the outset, we find quite a number and variety of
changes in the different items of earnings during the
year, the loss reported being the net result of these
changes. As compared with the year preceding, the
total gross for 1889 shows a decrease of $436,684.
For
a road of the magnitude of the Central, this is not a
heavy loss, being in fact only a little more than one per
15,262,873 in the year preceding, the latter never hay-
ing been exceeded.
Curiously enough, though the Central
as a coal road, or classed with the
pendent upon that item of tonnage,
much
is
not
known
companies largely deit
has lost propor-
which
is one
In
word,
a
cent of the earnings of the year preceding, and those
the
in
and
coke
1888,
tons
coal
as
against
of
4,336,745
the largest in the company's history. And yet the fact
being
tons,
cona
Central
in
1889
had
only
3,853,606
that some of the Central's rivals have, as already said,
managed to do decidedly better than that, makes it traction of 483,139 tons, or over 11 per cent. On the
desirable to know the reasons for even this small con- Erie the decline was from 10,198,586 tons to 9,377,146
The
tons, being 821,440 tons or only about 8 per cent.
* Some of our readers may be Interested to see also
a statement of the
larger llslliiKs of nupitnlsiocli. Among these are Clies. & Ohio (leorg.)
Central like the Erie however managed to retrieve
tionately just as
in coal as the Erie,
of the largest coal carriers in the country.
couimonii!3!<,9l'(»,O0O. Hrataml s^cimd preferred, each ai2,u00,00(i; Clev.
CIn. Chic &. Bt. Li'Uis (cousoiidatiou) comuion and preferred .f30,ftOO,OoO;
Florida Centrnl & I'ei.iiisular (reorganization) common and first and
second preferred $2i.,0ti2,' 00 lowaCintrul (reorgauizatl.iii) common
and prof i-ried »] l.-ztiO.i OH Oiocou Short Line * Utah Northern (consolidation) $ 4,78y,U00; KIchmoiKl & W. P. Terminal common «10,763.f Oi
Bonthem Paciflo (ommcu, $20,166,0:0; Wlscoueln Central (ooueolida;
;
iOQ)
comuiou and
i>referred 1^14,627,404.
good part the loss in coal by a gain in other freight,
though not quite to the same extent, or in the marked
way that the Erie did. We explained in an article in onr
issue of November 30, how the Erie was able to enlarge
in
[Vou
THE CHRONICLE.
8
In the
ordinary freight tonnage bo very decidedly.
contracthe
besides
been
has
case of the Central, there
other items— in flour,
tion in coal a contraction in some
its
tons, and in
for instance, from 873,625 to 658,629
which changes
grain from 1,797,540 to 1.702,976 tons,
yield m the
can doubtless be referred to the poor wheat
demand,
export
United States in 1888 and the small
part of
good
a
through
effects of which extended
the
1889.
„
,
L.
COTTON CONSUMPTION AND OVERLAND
MOVEMENT TO JANUARY
The statement
of
overland
1.
movements, receipts,
to prepare to-day
which we are
opening
of the cotton year
the
from
includes the period
or
the first four
December,
of
close
down to the
able
exports, &c.,
months of the crop season. It will be seen that the
aggregate marketed through the outports and overland
has been heavy, not only surpassing the marketing during the corresponding month of last year and thus
—
called
important to note that in what are
notebeen
a
has
there
products"
"other agricultural
further increasing the gain compared with that season
tons to 1,336,320
1,017,846
from
increase—
worthy
but so far exceeding the movement in December of
has declined
merchandise
hand,
other
the
On
tons.
1887 as to more than wipe out the decline compared
manufactures
from 1,884,826 to 1,633,582 tons, and
with 1887 which has appeared in our previous overland
It is
apparently from 1,637,497 to 969,360 tons.
It will be remembered that at the end of
reviews.
such falling
incredible that there should be any
November Northern spinners were 143,873 bales behind
As coincidently
off as the latter figures indicate.
last year in their total takings, but during the past
articles"
with this decrease an increase in "other
month the takings have been quite liberal and now the
is reported
articles)
miscellaneous
various
(meaning
decline from a year ago is only 24,045 bales.
from 722,498 to 1,473,424 tons, it is likely that a
OVERLAND MOVEMENT TO JANUAEY 1.
has
Btricter construction of the term manufactures
The gross amount of cotton marketed overland in
been made the present year, thus throwing certain items December has been greater than in either of the two
formerly comprehended under that designation with the preceding years,*reaching 326,294 bales, against 310,695
miscellaneous articles of freight. As confirming that bales and 315,598 bales respectively.
The deficiency
idea, the total of manufactures and "other articles" com- compared with last year in the season to date is therebined does not differ much in the two years, being for now only 35,310 bales ; but the loss from 1887,
2,442,784 tons, against 2,359,995 tons last year. As although
somewhat reduced, is yet 91,170 bales.
regards other items, live stock stands slightly less at The routes via Cairo,
Hannibal and Cincinnati
706,063 against 711,600 tons, and iron and ores also less at have gained in amount carried this year at the expense
226,316 against 258,687 tons, but in manufactured iron
for the month
It
is
of Louisville
an increase from 401,638 to 402,210 tons, in oils
an increase from 172,279 to 216,073 tons, while in
lumber and in meats and provisions the gains are very
heavy, the former having risen from 1,100,500 to
1,390,607 tons, and the latter from 347,592 to 543,069
there
is
tons.
The
net
result
of
these various changes,
already said, has been that in the total tonnage the
in coal was in great part offset.
first
quarter of the
and
The
St. Louis.
satisfactory exhibit
net
compared with a year
ago,
reaching 226,993 bales, against 218,951 bales, but compared with 1887 there is a falling off of 31,294 bales.
The
season's total is at this date only 27,982 bales less
than for the like period of 1888, but 154,861 behind 1887.
as
OVERLAND FROM SEPTEMBER
JABUABV
1 TO
1.
loss
Another circumstance has affected the year's revenues,
which is important as explaining the falling off in the
There has been a decline in the
freight receipts.
This follows from the cut in
received.
average rates
west-bound rates during the
makes a
fiscal
year (September to December, 1888), and also we suppose from lower rates on coal as the result of the
1888.
1887.
279,137
193,601
43,630
13,492
65,865
110,341
72,035
3,985
317,284
182,242
5,487
26,428
114,639
87,160
80,049
4,107
318,946
189,614
782,036
817,396
873,256
120,259
49,379
89,969
34,453
1889.
—
Septembtr 1 shipped
Via St. Louis
Via Cairo
8vn.ce
Via Hannibal
Via ETansville
Via Louisville.
Via Cincinnati
Via other routes
BUpped to mills, not included above.
Total gross overland
diminished demand and a more active competition. As
Deduct shipments—
relating to that point, it is well to state that it was only
127,136
Overland to New York, Boston, &c.
39,483
Between interior towns.
during the first two quarters of the fiscal year, when the
Galveston, Inland and local mills
adverse conditions as to coal and rates counted for most,
14,632
New Orleans, i nland and local mills ..
18,214
and when also the small wheat yield of last season was an
Mobile, Inland and local mills
175
Savannab inland and local mills
active factor only in this period did gross earnings fall
10,224
Charleston, inland and local mills
off, the last two quarters showing gains.
The decline N. Carol'a ports, inland and local mills.
486
15,885
Vir^^lnia ports, inland and local mills..
in average rates has not been great only one one226,235
Total to be dednoted
hundredth of a cent per ton per mile and yet on the
565.851
tonnage of 1889 that is equivalent to over $277,000. HowLeaving total net overland*.
•This total includes shipments to Canada by
ever, the averages have been remarkably steady since the
September l in 1889 amounted to 25,702 bales in
settlement of the West Shore difficulty, having been bales and in 1887 were 24.903 bales.
—
5,297
7,781
15,103
540
,
—
—
;
7,176
70,009
136,167
87,885
66,793
3,842
4,050
12,604
1,016
2,803
515
707
27,313
16,942
233,563 ~162,644
583,833 J710,712
which since
1888 were 21,394,
rail,
RECEIPTS, EXPORTS AND SPINNERS' TAKINGS.
all the important ports the marketing of
ing upward, has varied but little for three years, stand- cotton has been on a liberal scale during the month,
ing at 2,704 millions, 2,754 millions, and 2,775 millions though for reasons heretofore given the ports in North
respectively, in 1887, 1888, and 1889. In the coincident Carolina and Virginia have handled less of the staple
Btability of rates and traffic, this period has no parallel than a year ago.
The month's receipts have been
0-76 cent for 1886,
0'76 for 1889.
the
0*78 for 1887, 0-77 for 1888 and
The tonnage mileage
company's
also,
though tend-
Through
While passenger rates 1,116,928 bales, which compares with 1,103,713 bales
during 1889, in that case the last year and 963,584 bales in 1887. Contrasted with a
loss was counterbalanced by an increase in the volume year ago, the increase in the total for the season to
of traffic, this showing a further slight growth after date is 533,707
bales and the excess over 1887 is
heavy and almost continuous gains in the years preced- 251,316 bales. The exports to foreign ports, while reachin
likewise declined a
ing.
history.
trifle
ing a smaller aggregate than in the previous month.
ANUART
4,
THE CHRONICLE.
1890.J
have been for December 863,001 bales, which is f^reater
than in the like month of either of the two precedinj:^
years, when the totals were respectively 835,462 bale.s
and 562,894 bales. The aggregate for the four months'
9
1889.
bales.
Total marketed, as above
interior stocks in excess of Sept. 1
Total in alRtat
1.
Jan,
ttnce
;88», to
I.
Sept.
1800.
1,
188V.
Receipt*
BXPOBTS SINCK 8KPT.
Stockl
since
Sept. 1,
1888.
Wttshlngfn.io
Norfolk
8,721
2,81.'!
801.1572
West Point....
Newp'tNews,*a
238.854
SS.75a
860.380
289.384
New York
49.%&
33,801
as.238
Baltimore
PbUadelpbla,&o.
18,132
477,328
252,878
38,!99
21,443
126,-62
TbtoJ.
1.
8;8,8?8
8,036
5,035
63.913
previous years,
824,rt69
Ootobir
Nov<-mber
434.838
7,518
1,609.648
1,613.02S
1,573,921
1,493,589
1..588.7t)6
l,515,li07
1,547,937
1,6*9,906
1,340,871
1,359.901
1.552,639
1,467,767
5,441.387
4,980,642
5,893,912
4.815,045
194,438
36.673
Sl,478
87,301
10.810
190,491
24.013
174,804
3-,7i:i
20,609
18,883
73,»49
1.300
23.578
18,883
S6?,860
68,147
63.291
1.800
16.092
l,S8rt
14.4S6
1.702.951
381,520
934,0<8;2.998,839
S'Jl.OVS
815.03r
718,360 2,435,645
958.172
Total
1887
4,010,800 1,486.645
233.-82
788.148 2,498,556 1.054.7(17
bales. 4,817,367 4.311,642 4,720.912
1
228,000
225,0001
2U.''.,0C0
bales. 5,045,367 4,536,642 4,925,912
1
Hime
r'our
months ending Jan.
1890
1,
m
Number of
Weight
Pounds.
Average Average Avearev*
Weight.
Weight.
361,881,894
698,215,883
94,574,682
431,523,365
135,660,525
279,184,414
56,747,895
455,493,500
525-23
496-40
498-00
469-23
486-50
526-74
Total
5,045,367
tnoluding Florida.
2,513,232,103
Louisiana
Alabama
Georgia*
South Carolina.
Virginia
North Carolina.
Tennessee,
<&o..
name
peri'din peredin
1888.
1887.
688,997
1,406,559
189,909
882,046
278,850
571,982
116,037
910,987
Bale*.
-
1887.
1888.
KecelptB at the ports to Jan. 1
bales. 4,261,516 3.727,809 4,010,200
Net shipments overland during same time 555,851 583,8331 710,712
Total to Jan.
furnish a more exact measure of receipts up to
1 we give below our table of weight of bales.
Channel.
Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption since September 1, this
year and the two previous years, is as follows:
Total receipts
To
January
5.838
3,727,809 1,478.348
1889.
1886.
WEIGHT OF BALES.
8.046
1889
Southern consumption since September
Total 4 montlis.
1887.
12.400
1888
tlie
December
2,321
122.411
1888.
1889.
ilonth$.
133,229
24,-i07
86,821
Groat Britain exjmrts IncUide to
month of the seasow during this and
we have prepared the following:
424,209
Total
*
1
648,770
Total
4,281,518
January
September
126,172
28.418
to
is
Iil2.!MI9
23.S9J
63,726
118,880
up
468,000
893,156
77,702
8,'.i00
2St>,904
8.393,918
ss\sm
....
52.128
39.006
28.068
30,7f8
ae.39«
4,980,443
294,846 1,024,249
82,199
240,951
24.246
into sight each
9\410
89,502
44,018
Jtm.
runt.
84,858
250,796
»8a,788
e,«S6
...
Omti-
Oreat
France.
Hritnin'
487.588
S.88J
New Orleans. .. l,40ll,eS9 1.131,808
152.128
Mobile
189.909
8.910
18.876
Florida
738,W8 635.632
BaTannab
68,0:8
Brunswick, &c. 110.804
Cbarleston
277,402 292.038
Port Royal.io.
9.784
1.398
Wllmlnjrton
US,H18 128, 01
Galveston
El Paso. &c
TO-
1889,
1,
5,445,367
464,725 bales more than in 1888
and 51,455 bales more than in 1887.
As it will interest the reader to see what has come
of the present year
Sept.
00
4925i912
400,'
bales.
1887.
4,536.642
444,000
This indicates that the movement
exhibits a gain over 1888 of 562,894 bales.
Uovemint from RecHvtt
1888
5,045,36
Weight.
49010
517-47
482-40
610-00
493-12
494-05
50200
48810
49211
489 05
500-00
493-25
475 00
473-40
60103
483-00
498-14
49840
485 97
481-75
476-10
It will be noticed that the movement up to Jan. 1
shows a decrease in the average weight as compared with
the
same
period
of
year,
last
the
average
this
year being 498 "14 pounds per bale, against 498-40 pounds
per bale for the same time in 1888 and 485 "97 in 1687.
marketed since September 1
THE COTTON GOODS TRADE IN DECEMBER.
in 1889 is thus seen to be 508,725 bales more than in
Business was of strictly moderate proportions, as usual at
1888 and 119,455 bales more than in 1887. To determine
this stage of the season, but stocks of plain and colored
the portion which has been taken by Northern spinners
cottons are so well in hand that the tone of the market
during same period, we have prepared the following:
continues firm, and the few price revisions that were
Total receipts to January 1, 1890
bales. 5,045,367
Stock on hand oommencnment ot year (Sept. 1, 1889)—
made by the mill agents were all in an upward direcAt Northern ports
30,845
tion.
Print cloths opened at 3 '750. (for 64x648), subAt Southern ports
25,51956,364
sequently
declined to 3 "SOc. at some of the manufacturAt Northern interior markets
5^.616
3.272Total supply to .Tanoary 1, 1890
5,105.00J
ing centres, and finally closed at 3 •56c., with more
Of this supply there has been exported
sellers than buyers at the latter figures.
to foreign ports since Sept. 1,1839.2,998,539
The amount
of cotton
Less foreign cotton Included
3,671-2,994,868
Sent to Canada direct from West ....
25,702
Burnt North and South
5,019
S:»ok on hand end of month (Jan. 1, 18901—
AtNorthem ports..
148,695
At Southern ports
652,330- 801,025
At Northern interior markets
10,063-3,836,677
Total takings by spinners since September
Taken by Southern spinners
1,
1889
bales
Taken by Northern spinners since Septemberl, 1839
Taken by Northern spinners same time in 1883
Decrease in takings by Northern spinners this year
The above
1,263,326
228,000
1,010,326
1,034,371
bales.
24,045
Northern spinners had up to
Jan. 1 taken 1,040,326 bales, a decrease from the corresponding period of 1888 of 24,045 bales and a decrease
from the same time in 1887 of 173,779 bales.
indicates that
AMOUNT OF CROP NOW IN
SIGHT.
In the foregoing we have the number of bales which
has already been marketed this year and the two previous seasons.
An additional fact of interest is the
the crop which was
compared with previous years.
total of
in
sight
on January
1,
1888.
1889.
Ooten Print-
ingt,
lou)
middling.
1.
2.
3.
4.
5
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22
23.
24.
25
26.
27.
28
29.
30.
31.
9%
93i
9!!i
9%
9%
9^
9%
9%
9%
eloths, stand-
64x64
3-75
3-75
3-75
3-75
3-75
3-75
9%
9%
9%
9%
363
3-63
3-63
3 56
358
3-50
Lan-
.B..
7J4
3-yd.
ging- iheet'
6%
6^
6%
6%
6%
6%
6\
6^
Q\
6%
61»
6%
6^
6%
7M
7H
7H.
7>4
7>4
7H
7>4
7M
7H
.8..
7^
7>4
7»4
7'4
7>4
\S'th'n
ca»t'.r
hama
ard.
...8..
3-75
3-75
3-75
3-69
3-69
9«i
9"18 3-69
Si'"
9^
Sheet-
6%
lng«.
6>s
619
6>«
6>8
6>9
6i«
0%
9%
9?i
984
7>4
6%
7J4
6%
.Holi day..
3-50
3 56
3-56
7^
6\
6\
9\
6%
6%
714
7«4
mid-
clotnt, stand-
dling.' 6*x64,
7'«
3-94"
7>»
7>«
7'*
6ifl
6>i!
6»«
6»«
6>s
61s
6>«
6>s
6I9
61a
6»»
61*
Oing-
sheet-
hams
ings.
6\
.8..
big'
938
938
938
938
9H
61a
6H)
6>3
ard.
8-94
9-94
3-94
3-94
8-94
4-00
0>3
.8.
3-50
3-50
!
S'lh'n
Offtt'niVint- /Sheet- Lan
ing
ing*, emter 3-ud.
low
5%
5%
5%
7H
7>«
7>«
..8..
938
938
936
93g
938
938
"9%"'
i>
9>4
9H
914
9M
4-00
400
400
3-94
3-94
3-94
5%
5%
5\
5^
5\
5%
7H
7'*
7>«
7>t
7>s
7>9
...8.
3-88
3-88
3-88
3-83
3-94
3-94
Vi'
7H
7>«
7%
5H
5\
5^
5%
5\
5\
7J«
7H
7's
...S.
914
3-94
914
914
9'4
9>4
3-94
3-94
3-94
3-94
7
..HoU day..
7>«
7
7
7^
7^
7H
53»
7
5%
We reach that point by
...S.
...8.
6>s
9\ 3-56 7>4
adding to the above the stock remaining at that date at
3-94
7>9
5%
6>g
9H
9% 3-56 7-4
the interior towns, less stock held by them at the beginThe above prices are— For cotton, low miildling uplamls at New Yorkj
for printing cloths, mHuufiicturers' net prices; for sheetings, agent*
ning of the season. In this manner we find the result prices,
which are subject to an average discount ot 5 per cent, except
when otherwise stated Lancaster Ginghams, 5 per cent disooant ana
for three years on January 1 to be as follows.
Southern sheetings net.
;
:
THE CHRONICLE.
10
[Vol. L.
movement was
so large,
were
produce
exports
of
and
not important
December
of
end
the
that
by
predecessors
cotton,
of
particularly
The year under review surpassed all its
and the rates of exchange, depressed by the close rates for
in the general Tolume of trade movemonts,
of the year the net balance of the gold
RETROSPECT OF
1889.
money, fully warranted gold imports.
In general business and industrial pursuits there was
of 1888 by
the
far
by
activity and much prosperity, though profits
were
great
oats
and
corn
cotton,
The crops of
the were often small and competition sharp, and the total
below
greatly
not
was
wheat
and
ever
raised,
largest
against
immense crop of 1884. Cotton manufactures and the failures of the year amounted to $148,784,337,
concerns
of
number
any
whole
1123,829,973 in 1888 the
production of iron were also considerably ahead of
Railroad earnings, both gross and net, failed was 10,882, against 10,079 in the previous year.
previous year.
For the purpose of showing at a glance the industrial
showed a wonderful recovery from 1888,and many reports
foreign
The
financial statistics, which present a sharp comparirecorded.
and
gave the largest figures ever
with
ending
months
son
of
the two years 1888 and 1889, the table below is
eleven
the
trade movement for
maxia
near
The figures relating to the produc
forward.
also
brought
was
reported)
yet
(latest
November
of
imports
and
corn are moderate estimates made
The
wheat
years.
tion
of
former
with
compared
as
mum
foreign merchandise were actually the largest, while the before the Agricultural Bureau gives its final stateexports were the best for nine years and exceeded any ments ; as regards cotton and other articles the current
The aggreRailroad building was somewhat estimates of the best authorities are taken.
period since 1880.
and fortyhundred
one
from
7,000
the
on
miles,
operated
gate mileage
curtailed and fell off to about 5,000
bank
clearings throughout the country exceeded those
nearly 13 per cent.
;
In the business of the two railroads whose earnings for the eleven months are
and reported was 79,396 miles in November, 1889, against
The immigration
general trade, there was great activity, and usually plenty 77,788 miles in November, 1888.
of work, good wages, and fair profits to the capitalist. statistics are given exclusive of immigrants from
miles of
new road
built in 1888.
country at large,
in agriculture, manufacturing,
Over this somewhat rose-colored, but not untruthful,
view of the situation there were several clouds which
spread more or less gloom in certain quarters. Among
these may be named the depression in wool and woolen
manufactures, the decrease in anthracite coal production,
the severe pressure of mortgages on the farmers in some
parts of the West, together with the unprecedentedly low
oats throughout the country, the
Johnstown, Pa., in June, and in the
latter part of the year disastrous fires East and West,
notably in Seattle, Spokane Falls, Lynn and Boston.
In the face of the extraordinary volume of business
and unexampled prosperity in trade, commerce, manufactures and transportation, there was only a moderate speculation at the Exchanges, and the recorded
transactions at the Cotton and Produce Exchanges were
below the previous year, while at the New York Stock
Exchange and the Consolidated Exchange the total
sales of stocks and "Trusts "were only a trifle above the
meagre business of 1888.
In looking back upon the year for those leading
events which had a controlling influence, in financial affairs, we may mention the meeting of Western
railroad presidents in New York on Jan. 10, which led
to the formation of the Inter-State Railway Association;
the collapse of the French copper syndicate in March;
the formation of large railroad combinations or the
perfecting of negotiations between prominent companies leading to conclusive settlements, such as the
prices of corn and
great
floods at
Canada and Mexico.
GBKERAt SCMMAKY FOR TWO TEARS,
1889.
1889.
1,687,890,622
1,671,160,220
Coin and cmrency in U. S. Deo. 31..$,
Bank clearing.H In United States
$ 4f),497,50<',202 56,013,674,893
123.829.973
148,784,337
Busluesa failtirfs
$
65,l79,10(il
7:',014,600
Sales at N. Y. Stock ExohanRe shares.
28.812.5351
32,609,500
shares.
E-t'Oiaiif?'^
Consorted
at
Sa'o^
* 153,273,0(10
89,918,000
Petroleum cert's at N.Y.st'k Ex.bbls.
"
"
438,131,000
l,188,6.--.4,000
at Consol. Es.libls.
1,983,032.76.;
1,481,794,122
Grain and flour at Prod. Exch'e.bush.
18.(J35,9()0
20.844,000
bales.
Cotton at Cotton Exchange
6(54,824,177
710,633.273
Imports of merrfiaudise (11 mos )...Sf
730,163,387
600,003, J 60
Exports of morrliandise (11 n)0S.)...$
16,716,8-'3
39,944,808
Net exports of go d (11 mos.)
$
367,903,637
337,31 2, 7,'i.'j
Gtoss earnings 142 roids. (11 mn8).$
miles.
7,028 (est.)
5,000
Railroad <onstruoted
41 5,868,000; (e8.)48.'>,000,000
bushels
Wheat raised
bushels
1,987,790,000 'esi2030,000'JOO
...Com raised
6,935,082 iest.) 7,450,000
bales.
Cotton raised
7. 26-, .5071
(})
Pig iron produced. (tons of 2,000 lbs.)
1,552.631
Steel rails. Bessemer (tons 2,000 lbs.)
(!)
38,145,718 (est.) 35,300,000
Anthracite coal., .(tons of 2,240 lbs.).
bbla.
16,259.977 (est.) 21,250,000
Petroleum (runs) producllou
498,591
Immigration into U. S. (11 mos.)
407,237
30)acre8
16,319,0761
Pull, land pale3(.yr. end'g June
12,462,028
Note.— It is necessary to explain the basis on which some of these
made up. The sales at the N. Y. Stock Exchange include all
shares of stock except bank stocks and all Trusts except petroleum
certificates sold in barrels. Sales at the Consolidated Exchange represent one-half of their clearings of stocks. Grain and flour at the Produce Exchange include flour reduced to wheat at 4is bushels per bar'
rel. Cotton sales at the Cotton Exchange do not include " exchanges
of futures. No estimate Is yet made of the iron and steel product of
* 10 months.
1889.
figures are
In enlarging somewhat upon the brief summary
above given, so far as concerns the different branches of
financial activity, we find that the money market in New
York became an important factor for the first time in
several years.
That is to say, the stringency in money
during the last three months of the year, arising mainly
from the heavy legitimate demand from the West anii
South for crop movements, was a serious impediment to
"Big Four" consolidation, the Union Pacific, Nortiiern stock operations and checked all speculative transactions.
Pacific and Oregon Trans-Continental adjustments, the Not since 1886 had, there been high rates of any long
Oregon Short Line and the Denver Texas consolida- duration in the autumn months to interfere with stock
tions,
with others of
less note;
the remarkable improve-
Aside from this temporary hindrance by
it seems rather remarkable that the
except of the anthracite coal roads; the wretched collapse Stock Exchange did not respond more heartily to the
of the different "Trust" certificates; the large and wonderful improvement in railroad earnings and the
steady demand for investments; the successful reor- strength of the commercial situation.
While there
ganization of the Atchison Company ; and the low was, in fact, a greatly improved tone and a large adbank reserves and close money market during the last vance in many stocks, particularly of those brought
ment in gross and net earnings of
three months of the year;
railroads in all sections,
opesrations.
the
money market,
all of these were events bear- into the charmed circle of combination or consolidaing directly upon business at the Stock Exchange.
tion, still, general speculative activity was rejieatedly
In foreign trade the imports of merchandise in the checked and broken
in its procuress by the damaging
first six months of the year exceeded exports by
130,- collapses which took place one after another in the
655,256 and there was a net export of gold in the same famous Trust
stocks.
The market in the last half of
time amounting to $37,454,716. But during the res
1889 was under a spell, " hoodooed " as it were by the
.
Jandabt
THE CHRONICLE.
4, 1890.J
11
way of any previous year, while the wlieat crop was also
being the Chicago Gas Trust stock, which fell from 55^ largo and commonly estimated at 490,000,000 bnahels,
on Nov. 26 to 35^ on Dec. 2, The Sugar Trust, Lead which was only about 22,000,000 bushels below the
Trust and Cotton Oil Trust was each in the nature of a great crop of 1884, the largest ever raised.
"blind pool," of whose inside operations the average cerUnfortunately for farmers, the large yield of corn
tificate holder knew nothing, and during the year these and oats following directly upon the abundant crops of
concerns had to contend against their own inherent weak" 1888 reduced prices to a minimum and left a very small
fear of these Trust specialties, the last one to give
with a ponderous over-capitalization,
ness,
and
also
against the hostility of the courts to Trusts of this
character.
It will be rather surprising to
some readers
margin of
profit.
The Agricultural Department's
es-
timates of the average prices of farm products in December were generally lower than ever before. Com was 29 •!
to find
cents per bushel, against 31-8 cents in 1878, the lowest
considerably
previous average, while Iowa gave only 19 cents, Kansas
exceeded those of 1888. But this is only anotlier illustration of the fact that the total liabilities involved in
failures do not fairly reflect the actual condition of busiThe number of concerns failed in any
ness interests.
given year is a better guide, and on this basis the 10,882
disasters of 1889 do not appear much worse than the
Of course, it must bo understood that
10,679 of 1888.
a single interest, such as that of wool and woolen manufactures in 1889, may furnish a good share of the whole
18 and Nebraska 17.
Oats were 23 cents, against
24'6 cents in 1878 ; Kansas and Nebraska gave only
the year
that the business failures of
15 cents per bushel.
64-5 cents per bushel
68*7 in 1886.
The
Wheat was
in
early
70-0
cents, against
1884, 68-1
movement
of
and
in 1887
corn to mar-
ket was somewhat checked by these low prices and by
damp weather, but it began to come in very freely by
end
of
December.
Wheat ruled better,
the
owing
to
small
surplus
carried
over
liabilities.
from the previous crop year, and also to the
The following table shows the failures of each quarter smaller yield of wheat and rye in parts of Europe, especfor eveiy year since 1877.
ially in Russia.
Cotton came to market rapidly in the
MERCANTILE FAILURES IS USITEl) STATES.
first four mouths of the crop year, Sept. 1 to Dec. 31,
and the export movement was almost unprecedented, as
Tears. Ist Quiirtor..1.,. Quarter.! 3(1 Quarter. 4tliQu.arter. Total Year.
1877 $54,538, ,074 .$15,068, 097 $42 ,346,085 $18,717,,680 $190, 609,930 about 3,000,000 bales were sent out during that period,
1878
82,07^ ,8^0 48.753,,940 06, 378,363 37,172, 003 234, 3H3,1H2 and this, too, at very fair prices.
Northern spinners
1870
43,112 ,665 22.666,,725 15, ,275,550 17.094,,ll.i
9S, 149.053
121.42-.;
75 .',000 during the same time were taking only sparingly.
20.741,,815
1880. 12,777, ,074 20,111,,ti69
PI, 155,1132
1881
24,417 ,250 16.499,,395; 10, 112,365 30,096,,922
33,338 ,'i71 17,242,,619 18 ,942.893 32,023,,751 101, ,547,501
18b2
Taking the values in New York City about the 1st of
1883
38,372 ,643 27.816, 391 5-i ,072,8S4 54,012,,2,^4 172,,174,172
1884. 40,18H ,ii78 84,201, SOI 58, ,027,821 45.324,,324 22G; ,343,.127 January following the crop, we find that if the whole
1«85. 46,121 ,051 28,601, 3U4 23 ,874,391 23,623,,575 124 220,321
1386. 29,681 ,726 20,752, ,73-i'i 27 ,227,6.10 30,982,,02 a 114 ,044,119 of each crop could have been laid down in New York
1887
32,101 ,702 22,970, ,330 73, ,022,556 39,400 ,290 167,500,914
1888
b8,884 ,789 29,229, ,370 22 ,114,251 33,ti0i;,560 123!,829,973 at that date the values would have been approximately
the
'ill
.
.
.
I--',
.
.
.
.
.
1889
42.972 ,516
.
The
22.856 ,3371
39:,227,045
43,728 ,4 39
148, 784,337
as follows
New
:
York, as to the
ESTIMATE OF CROP VALUES OS JAN. 1.
banks, rates for money, &c., together with the comCrop of 1688.
Crop of 188P.
parative prices of leading stocks and merchandise, is
Price,
Value of
Price,
Value of
Yield.
Yield.
always a matter of much interest.
Crop.
Jan. '89
Crop.
Jan.'W
The following summary shows the condition of the
cts.
Cts.
4H!, 106,000
415,888,000 101«
485,000,000
New York City Clearing-House Banks, rates of foreign Whcat.bush
914,'- 83, 400
46
80«,92o.000| l.tST.igO.OOO
Com bush. '8,030,100,000
exchange, and prices of leading securities and articles of Cotton. bales
3S5,lS4,fl«T
0,935,082
7,4SO,000
377,984,376
lOX
l,871,')14,0e7
1,600,806,875
Total values
merchandise, early in January, 1888, 1889 and 1890.
situation in
financial
SnMHART OF
AND TRICES EARLY
SATISTICS
1383.
CUy JBankn—
Loans and ducounts
IN
JANUARY.
1889.
1890.
It was a season of abundant moisture and nowhere was
the complaint heard of drought covering any very large
A'eio rorfc
Specie
Ciroulatlou
$ 356.540,000 3 = 8,798,700 394,761,800
f 71,139,300 70,521,300 75,5611,700
3,731,300
S
4,8ti2,300
8,077,300
f 359,359,800 400,314,600 398,720,500
26,141,100
29,838,700
27,250,800
$
„
Hei deposits
Legal tenders
Legal reserve
Reserve held
Surplus reserve
ilonei/t Exchange, Silver
—
J
*
^
89,839,950 100,078,650 99,680,125
98,399,100 106,360,000 101,701,800
2,021,075
8,559,150
6,281,350
4
Call loans
Prime paper, sixty days
SUvorin London, per oz
Prime sterling bills, 60 days.
Vniteil States Bomis—
68, currency, 1898
4>98, 1891, coupon
4a of 1907, coupon
®6
440»d.
4 83^2
4®7
5®5i3
421a
4 85
5®45
5%®6i9
4419a.
4 80>3
125
107 la
12719
124
108 "a
104%
125%
120%
126
10734
2818
943i
87 14
107%
27%
IO6I2
112%
US'*
H}7\
75%
129%
75
MerchandiseCotton, Middl'g Uplands.*
Brown Sheei'g.Atlan. 36
A
ft.
in.
Wool, Ohio llcece
1? 1*.
Iron, Amer. pig. No. 1..^ ton. 21
Steel rails at mills
32
Wheat, No. 2 red wln.fll bush
Com,West. mLx.No. 2.|l bush.
Fork, mess
« bbl. 15
Petroleum pipe line eertltlc's.
lOOie
7
37
Texas, Mississippi, Alabama and Georgia, and the outturn is roughly estimated at 7,450,000 bales, or about
430,000 bales above that of 1887, which was the largest
97%
117%
CROPS OF WHEAT, CORN, OATS AND COTTON SINCE 1875.
143%
9aH
9%
7>s
38
11138
69%
lOlia
46
8858
Year.
136
123
lOU
71a
37
85%
39%
10 25
103
cotton croj) in 1889 was something quite unparalleled.
corn, oats
and bring the total crop up to high
Cotton was a heavy crop in the large States of
figures.
97
II5I4
1071a
6278
AGRICULTURAL PRODUCTS.
The product of the principal grain crops and of the
Qf
that of the previous year as to surpass gen-
IO4I3
9414
50® 16 00 14 00<H4 25
9018
much beyond
eral expectations,
10339
8«i2
26
00®21 50 18 00®18 80 19 50®20 50
35 00
28 00
00®33 00
92
63
The win-
crop was not exceptionally heavy, but the
spring-wheat States of the Northwest brought a yield so
ter-wheat
on record.
In the following table is given the yield of wheat,
corn, oats and cotton for a period of fourteen years past
Railroad Stocks-
Sew York Central & Hud. Riv.
Erie (N. Y. L. E. & W.)
Lake Sliore & Mioli. Southern.
Michigan Central
Chicago Rock laiaud & Pacific
Illinois Central
Chicago & Northwestern, com.
Chicago Milw. & St. Paul, coin.
Delaware Lack. & Western...
Central of New Jersey
area of country, or doing any extended damage.
and cotton the yield was much ahead
Wlicat.
Corn.
Oats.
Bush.
289,356,500
364,194,146
Bush.
1,283.827,500
1,342,558,000
1,388,218,750
1,764,591,676
Bush.
320,884,000
106,394.000
413,578,560
407,858.999
417,885,380
416,481,000
488,250,610
571,302,400
583,628,000
629,409,000
1876
1877
420,122,40!)
1878
1879 (Census). 459,483,137
498,549,868
1880
383,280,090
1881
504,185,470
1382
421,080,100
1883
512,765,000
1884
357,112,000
1885
457,218,000
1886
456,329,000
1887
41.^,868,000
1888
1889'
•
Government
llshed for 1889,
485,OOO.OOJL
1,717, 434,.i43
1,194,916,000
1,617,025,100
1,551,066,S95
1,795,528,000
1,936,176,000
1,605,441,000
1,456,161,000
1,987,790,000
2,030,000,000
Cotton.
Holes.
485,423
811,265
073,531
,757,397
,599,329
,435,845
992,234
714,052
609,021
,550,215
6'.i4,134.0'iO
513,623
659,618,000
701,735,000
,017,707
730,00i',000
935,083
460,000
of cereal production jia^e not yet be 3n
figures
and moderate current estimates are tore given.
pub-
THE CHRONICLR
12
fiscal
Exports are given below for the Government
calendar
for
the
figures
the
as
30,
June
ending
year
But the very large exyear are not yet published.
are
ports of the now cotton crop up to Dec. 31, 1889,
and
grain
of
prices
referred to above, and the low
exprovisions late in the year were stimulating the
port demand.
BxroKiaor rvnoK, whbat, ooen ano cottos since 18
Wheat
Flour.
Barrels.
Tear ended Jnoe
8,629,714
0,01 1. '1 19
7,949,786
5.915.686
1879.
laso.
1881.
18S2.
1883.
1881.
18S5.
188U.
1887.
1888.
9,2l'9.664
9,l!S2.260
10,6-18.145
8.179.241
11,518,449
11.963.674
0.374,803
188«).
Corn.
Bushels.
WUeat.
Biiabcls.
9.
Cotton
Bales
122,33?,936 86,296,2.'i2 3,462!741
158,252.79.1 98.1I>^877 3,811.153
lf,0,565.477 91.1)08.1 7.T 4.540,743
95,271.802 43.1H4.91.'' 3,094 .706
10(i,335.82t* 40,506,825 4,fl2«,80S
:0,:U1>,012 45,247,400 3,884,2:3
l,8:t4,4ifi 3.909,5(i8
57.7.'.0,2on fl:f,ti55.433 4,283,723
84.(153,714
ioi,n7i.!)4n 40,307,252 4,4»!).5:9
65,789,261 24.UT8.41'; 4,696,017
46,414.129 69,5fi2,931 4875.000
Approximate.
UNITED STATES PUBLIC LANDS.
and disposition of public lands by the Government
The
each year w one important indication of the activity in settling
up new districts and thus adding to the m.iterial wealth of the
comitry. In the table following are shown the sales and the
fwe entries unier the homestead and tim J3r culture acts in
each fiscal year ending June 30 for fifteen years.
June
Cash.
30.
Entries.
Entries.
tonnage sent West, the proluct of the year fell about 8,000,000
tons below that of 1888, amounting to 85,300,000 tons in 1889
against 88,145,718 in the preceding year. The price of coal at
the mines also averaged about 18c. per ton less, making a
large difference on the whole output. Still the production of
anthracite in 1889 was ahead of any previous year except 1888;
abnormal
it was believed by many from the start that the
production of 1888 could not be fully maintained, as it had
been the result of exceptional causes.
Petroleum was rather an important factor in 1889 and the
Pipe Line certificates scored a good advance in price, from
The Pipe Line runs were about 21,250,000 bbls.,
88^!^ to 103.
and
against 16,259,977 bbls.
The runs and deliveries in each calendar year since 1879
(and stocks at the close of the year since 1881) and the exports
for the fiscal year ending June 80 have been as follows
PETROLEUM HUNS, DELIVERIES, STOCKS AND EXPORTS SINCE 1879.
:
Calendar year ended
Barrels.
Deliveries.
Barrels.
24,790.164
29,674.462
31,789,105
24.385,968
23,704,510
21,225,203
26,043,645
21,819,027
16,259,977
21,250,003
15,765,800
20.240,121
22,094,300
21.967,636
24.053,902
24,086,104
26,396,483
27.847,998
26,470,654
29,300,000
Runs.
1880
1882
1888
1884
1885
1886
1887
1888
1889t
....
l)c
cember 3
Inclufling all mineral oils, both crude
Acres.
Acres.
1878
1879
1880
1881
1882
1898.
188*
1885
1886
1887
1838
1889
2,820,928
3,483.894
2,698,771
745,061
640,692
740,687
1875.
1876.
1877.
877,555
622,574
850,741
1,587,618
3,611,531
5,547,610
6,317,847
3,912,450
3.773,498
5,587,910
5,907,155
3,881,727
.,
4,418,345
5,260,111
6,045,570
6,0.18,101
,348,045
8,171,715
7,831.510
7,415,886
9,145,135
7,5P4,350
6,676,616
6,029,230
•
1,870,434
2,766,?i74
2,193,184
1,763,799
2,566,6c6
3,110.930
4,084,464
4,755,005
5,391,309
4,224,398
3,7:-5,305
2,551,069
Acres.
3,565,989
4,124,586
3,439,458
7,166,334
8,649,259
9,089,495
8,379.518
12,.52ti,262
16,830,255
18,233,821
16,083.341
18,309.04 2
17.406,658
16,319.11 6
12,462,026
I*.
owing to the very light winter of 1888-9 and the warm weather
up to the close of December, together with the much smaller
sale
UNITED STATES PCBLIC LAND 8ALS8 FOR FIBTEEN TKARS.
Timber
Hompstead
For
Tear ending
Total.
Culture
[Voii.
residuum,
t
Pitc'lyearend1
.-(1 Ju ne 30.
U.8 Exports.'
Stocks.
Barrels.
Giillous.
419,1 'i-.ega
30
34,335,147
35.715,565
36,872,892
33,539,038
33,367,898
28,357,112
18,595,474
10,700,000
and
refined,
4
412,402
.'^5",239,228
4n9. 86.266
.^08,3.!2.a68
56-. 106.520
.'74,155,480
5S!l,.i"4,44l
576. 8 -.Slie
614,5! 0,555
but not including
tar, i&c.
Approximate, minth of Dioember being estimated.
RAILROAD CONSTRUCTION AND EARNINGS.
Railroad construction in the United States for the year 1889
amounted to about 5,000 miles of new road, or, in round figures,
some 2,000 miles less than in 1888. The new building was
mainly on branches, extensions, etc. rather than on extended,
,
was more rational, as it was not open
the usual objections of making parallel routes and duplicat-
through
to
lines,
and
this
ing raih-oads in territory often incapable of furnishing busienough to support even one road. The Railway Age, in
its annual summary, gives the States showing the greatest
extent of new mileage as follows: Washington 398 miles,
Greorgia 356, Texas 343, Virginia 245, Michigan 243; no other
ness
MANUFACTURES, IRON, COAL, PETROLEUM.
The year 1889 presented strong contrasts among the dififerent
manufacturing and mining interests. Cotton manufacturing
was in a prosperous condition. Wool was just the reverse State or Territory has as much as 200 mUes, and Iowa, where
and showed many failures. The iron product was larger than the agitation against raUroads has been most notable, had but
ever before, and the trade booming. Anthracite coal was 90 miles of new road. Tlie 5,000 miles built, at an average of
notably depressed, and the output decreased 3,000,000 tons, $20,000 per mile, would call for a capital expenditure of just
while the more widely distributed soft coal interests were 8100,000,000.
Railroad earnings showed a wonderful recovery from the exfairly prosperous, in the latter part of the year particularly,
and whenever connected with iron production the demand traordinary decline of 1888. The Inter-State Railway Associaappeared to be unusually active.
tion did much to keep rates steady throughout the year, and
The progress and conditio.! of cotton manufactures were although a few roads failed to come into it, and rate-cutting
fnlly presented for the year ending August 31, in the Chron- was still practiced by Chicago Burlington & Northern and
icle of Sept. 14, on page 325, where it was shown that the some other companies, the situation was vastly improved from
consumption North and South was greater than in any previous the demoralization that existed in 1888. Then, in the latter
year, and amounted to 2,685,000 bales. Prosperity was the paiv of the year the pressure of freight business on the Western
rule, and the profits to capital were very satisfactory; the roads was so great as to call for the utmost activity in handdividends on minufaoturing stocks in Fall River, taken as au ling it, and never was the demand for rolling stock more
example, showed $1,830,000 disbursed on this account against urgent or the complaint of a shortage of cars in the West more
$1,696,000 in 1888, and the rate averaged 9-97 per cent
loudly heard. Taking the Burlington & Quincy as a type of
The wool dealers and woolen manufacturers were notably un- the Western roads that suffered most in 1888, and the Pennfortunate, and during 1889 the total liabilities involved in their sylvania as a type of the Eastern roads representing the activity
failures amounted to a gross sum of nearly $10,500,000, of general business and we have the net earnings on the former
against $3,600,000 in 1833. This was attributed partly to the (whole system) for eleven months of 1889 as $11,398,726, against
effect of speculation early in the year, but it was probably
due $6,573,113, and on the Pennsylvania system, both East and
also to the fluctuations liable to take place in
a heavily proactual changes in the tariff or agitation
as to possible changes affect most vitally the interests of every
person in the trade.
Iron was active beyonl all expectations, and the demand
tected industry,
when
West, the net result of $19,674,535, against $17,494,644 in 1888.
FOREIGN COMMERCE.
The foreign trade movement of the United States was most
encouraging, and presented the best exhibit for several years.
The imports of foreign merchandise still kept up and amounted
increased in the later months of the year,, pushing up prices
of to the largest total ever made, but on the other hand the expig iron fully $2 per ton as compared with the closing
prices ports of domestic products increased largely and made the best
of 1888. This general demand, for industrial purposes of all
showing of any year since 1880, this being due in part to the
sorts, was the less anticipated, since it was well
known that very active export of cotton in the last four months of the
raibx»ad construction was falling off, and the event
showed year, exceeding 3,000,000 bales, and probably worth about
that about 2,000 miles less of new road was built in 1889 than
in $150,000,000. For the eleven months ending Nov. 30 the total
1888. No definite statistics have yet been made-up of the
year's exports of merchandise amounted to $730,163,387 and the improduction of iron and steel, and rough estimates are of little
ports to $710,683,273, thus showing a balance of $19,530,114 in
value in tliis review.
favor of the country. In the same period the net ^xpoi-tation
The anthracite coal trade was a great disappointment, and
of gold--that is the excess of exports over imports — amounted.
JANOARY
THE CHRONICLE.
4, 1B90.]
13(3
But the shipment of some 137,454,716 net was during the last three months of the year. The relief furoi«hed
months of the year, and the net balance the market by Government purchases of bond^ wassmill, and
during the five months ending Nov. 80 was not of much the Secretary was unable to obtain large amounts of bonds
sigpiiflcanco.
At the close of December rates of exchange fully within his limit of prices,
CALL IX>AN8 AND PRIMK PAPER WEEKLT FOB 1889.
warranted the importation of gold.
CiiU
Prime
WeuKendInK
The year is naturally divided into two parts, July 1 being the WeeK ending
"cSn
Prtma
Friday.
LOUUB.
Paper.
Friday.
Loans.
Paper.
dividing point, and on this basis the following table shows tho
4 3 8
Jan. 4.
5 35 >s July a
2 9 7
4 95
results.
to $89,944,808.
made
in the first six
|i
|
POBEIGN COMMKBCB-StX MONTHS AND ELRVEN MONTHS.
•'
11.
2
"
IS.,
2
" 25.
6 mos. Jan. 1 to July
Exports
Imports
Excess
Gold
11 mos, Jan. 1 to Deo.
1.
,
1888.
1889.
..
?
301.683,852
..
392,339,108
*
311,043,527
372,618,827
1899.
Feb.
1.
"
"
1888.
Mob.
$
9
730,163,387
710,633,273
606,01)3,460
664,824,477
Im.30.655,25C Im. 61,57.5,300 Ex.l9,530,114|Tm. .58,821,017
Ex.37,454,716 Ex. 11,382,963 Ex.39.944,808lEx. 16,746,S23
BANK MOVEMENTS.
The
circulation
of
the
national
leaving the national bank circulation out
standing on January 1, 1890 $197,078,918, against $333,475,885,
$36,396,967,
on January 1, 1889. The total amount of governments on deposit by the banks to secure circulation was $143,849,900 on
January 1, 1890, against $163,468,400 on January 1, 1889. Tlie
national bank loans have increased rapidly in the past few
years, and the returns made near the first of October showed
«
1H9
1.
8.,
for eleven years.
MAXIMUM AND MINIMUM DBPOSrrS OF NEW YORK CITT B\NKS.
Maximum,
Minimum.
1879.,
1880.,
1881.,
$254, 770,700
307, 796,700
352, ,658.800
322, 863.200
327,,326,700
363 ,514,400
Aug. 2 $193, 121,700 April 5
Nov. 6 242,,087,100 Jan. 3
July 23 271 C8*,800Mar. 12
1882
July 29 277, 930,000 Nov. 25
1883.,
July 14 279,,944,200 Mar. 31
1884.,
Feb. 16
280 ,698.100 Juue 21
1885
391 804,900 Aug. 22 340 ,816,300 Jan. 3
1886.
396 ,080,800 Feb. 13 345, ,708,500 Sept 11
1887.
392 ,771,200 Feb. 12 341, 935,900 Sept. 24
1838.
421 ,884,300 Oct. 20 371, 305,900 Jan. 7
1889.
445 ,797.500 July 6 39.S, 600,6C0 Doc. 14
MAXIMUM AND MINIMUM BUBPLUg RE9EBVE FOR TEN TEARS.
.
Maximur/i.
Feb.
1879.
1880.,
1881.,
1882.,
1S83.
1884
.
1885.
1886.
1887.
1888.
1889..
$17,877,300
18,471,275
16,728,575
10,895,600
10,007,575
42,297,450
64,724,100
30,156,425
1 def. $671,225 Dec.
July 17 Idef. 2,461,875 Dec.
May 20 def. 3,333,275 Oct.
April 2!) def. 3,024,950 Nov.
Jau. 27 def. 0,770,875 Mar.
Dec.
4 def. 6,607,125 May
July 30
24,712,650 Dec.
Jjin. 30
4,008,200 Dec.
22,298,4.50 Jan. 29
3,345,900 June
28,463,700 June 16
6,281, :(50 Dec.
20,014.800 Jan. 26 def. 1,668,050 Oct.
8
1
7
Xl
17
22
24
18
25
29
94I3
95
l>a»10
4
1^9
Ik®
" 10.
" 17.
" 24.
"
14.,
21.,
"
28
3ia
2's
*•
•*
4
•*
34i34>4
••
3
11
«
1
.
15
tt
22
29
**
34k Dec
3 mih
313*414
•'
3i3»4H
••
'
9
5
6
6
5
6
41a »S
4^95)^
4^36
4^96
41*39%
51495%
9S><
95>t
5
5
910
930
3 912
5 912
912
912
513304
7
8
5l39ei3
5i3»ei9
9>s96l3
3
315
1
915
61(904
5H96>9
~
9
8
*•
95
3
18
25
Not
:ii3
4
4
"
3isa4i4
m3
ma
20
27
Oct.
9ft
3)8^1
3>s94
2
13
"
i
31a3tli
1139 3
3 4
4
2 3 3
2 9 4
6
" 31.
June 7.,
••
3 4
2
9
9
9
9
2 9
2>]i9
3 9
2
2
3
2
44
95
3^35
3^34
5
2 3 5
1133 3
3.
2
9
Id
23
•*
34I«j
30
91>3 Sept. 6
April 5.
" 12.
" 19.
3
.
94 >s
4>495
4I435
3
v>««>
2'«» 3>3 31399
2 9 3
4 95
2 9 5
1 9}
9
920
915
6
13
20
2
27....
ft
9 8
9.10
n>S»6>3
5i936i«
9i396ifl
a6H
51396%
5\96'«
The volume of the circulating medium in the United States
(including both that in the Treasury and in circulation)
appears in 'the [table below.
The total increase between
January
1,'1879,
and January
1890,
1,
amoimts
to nearly 680
million dollars.
COIN AND CDRRENCT IN THE
Jan.
1,
1879.
f
278,310,128
Ooldcoln and bullion
i!2,495,550
Sliver bnlllon
9,121,417
71,021462
National banknotes
323,791,674
348,881,016
Total In United States.
1.05 1.420,945
CNnEB
STATES.
Jan.l, 18£e. Julv
1,
1889.
t
704,608.169
315,186,190
•10.885,237
78,889,983
233,660,027
346.681,018
Jan.
1,
ISM
t
879,214.982
S28.98?,498
•l««0.r«92
TO.nOH !W7
811,215,301
349,681,016
690,169,991
349,802,001
•10,729,07*
78,809.218
197.078,918
346,881.018
1,687,890,822 1,653,304.114 I.e7ia80,29«
Of whichIn hands of people
Total as above
278,411.715
233,704,339
281.538,895
827,71H.5S9 1,406.35J,P27 1,374,892 ,399
1,051,420,948 1.887,8i)0,622 l."53..ui4.IM
240,850,786
l,4S0,9aMH
1,671,180,82
We include here trade dollar bullion
held In the Treasury, thoogh
In some previous statements prepared by us the item was omitted.
Silver bullion of any kind clearly has no place in an exhibit of currency
ohnnges, and our only reason for adding it in is.that the Treasury ofnclols follow that praoilce. and we desire to make our figures conform aa
nearly as possible to theirs.
•
UNITED STATES BONDS.
There was no radical change in the Government policy as to
the purchase of bonds with the surplus revenue in the Treasury.
Secretary Windom fixed a price above which he did not go,
and took all bonds offered within his limit viz., 137 for fours
and 104f ^ for four and a-half per cents. From July 1 to December 31 the amount of bonds purchased was about $65,000,000, against $74,107,000 in the corresponding six months of
1888.
He also gave notice in December of a withdrawal of
Government funds deposited with national banks, beginning
with 10 jjer cent to be withdrawn on or before Jan. 15, 1890.
The bonds outstanding Jan. 1, 1889 and 1890, were as follows:
—
UNITED STATES BONDS OUTSTANDINO.
Description.
1889.
Jan. 1,1830.
$181,152,300
631.137,600
14,000,000
64,623,512
$121,367,700
629,795,700
14,000,000
64,623,512
Jan.
1,
Deorease.
5
NEW YORK MONEY MARKET.
was much more irregularity in the money market
;
34>a Aug
34>s
<•
2>9
2^3
2 9 6
26.
12
19
20
2
l)s9 3
1
a a
1>93 3
$1,306,000,000 loans in 1885; $1,451,000,000 in 1886; $1,587,000.000 in 1887; $1,684,000,000 in 1888; and $1,805,739,738 in 1889.
The New York City banks were able to meet all requirements of their customers during the first three-quarters of the
year, but on the 5th of October the surplus reserve fell
$1,668,050 below the legal requirement, and from that time until
the end of the year the reserves remained low and the bank
had to work very closely, owing to the large demand for cur
rency West and South. The maximum surplus reserve was
reached on Jan. 26, when it was $30,014,800, and the minimum on Oct. 5, when it was $1,668,050 below the limit
Deposits reached the highest point on July 6, at $445,797,500.
The following table shows the maximum and, minimum
of deposits and surplus reserve of the Clearing-House banks
3
1
"
"
4'a45>«
4 35
4'a
" 1.5.
" 22.
" 29.
May
country declined steadily, by the surrender of their notes, ag
the Government continued to purchase and retire its bonds.
The total amount of circulation retired during the year
was
"
"
banks throughout th
1.
8.
15.,
22.,
"
«
«
IHai 2><i
1>«« 4
2 « 5
4i38 0f 1891
4s of 1907
$59,784,600
51,341,900
Navy Pension Fund
There
Currency 6i
during 1889 than in the preceding year. The demand for
$111,126,500
$829,786,912
$940,913,412
Total
money was also larger and the average rates higher than for
several years. In the first six months there was no extraordiFOREIGN EXCHANOE.
nary inquiry, and after the first few days of January money
The course of foreign exchange was quite steady in the early
was easy, the rate on call loans not rising to any high figures part of the year, and bankers' asking rates for demand sterling
until the first week of April, whea 10 per cent was touched ruled at 4-89@4-89!^ from the first of January until the 6th of
as an exceptional rate. From that noint the rates were again April, when they first touched 4-90. From that point there
quite easy until August, except the usual temporary firmnesS was a strong market, and prices did not again fall off to 4-89
about July 1.
until the 27th of June, after which time rates became easier,
In August the rate for call loans and paper began to stiffen and the lowest prices posted by bankers were 4'87J^ in July,
up, and there was much business done at 5*6 per cent on 4-87 in August, 4-88i^ in September, 486 in October, 4-85»^ in
stock collaterals throughout August and September. Aa ex- November and 4-84 on the Slst of December. In explanation
ceptional rise to 10 per cent occurred ia the last week of Sep- of these prices, or in connection with them, it is to be noted
tember, and from that time to the end of the year money that the net gold exports from the United States in the first
loaned every week on soma transactions above the legal rates, six montlis of the year were $37,454,716, against a net export
usually at 7 to 15 per cent, occasionally going higher, and in of $11,353,963 gold in the corresponding six months of 1888. In
the last days of December touching 30 and 40 per cent in ex- the next five months to November 30, the latest date for which
ceptional instances. Prime paper sold at 514
§6^ per cent figures are yet to hand, the specie movement was not of much
THE
14
CHROlSiCLE.
situation wartigniBcanoe, and although late in December the
London, and
liad
in
be
not
could
nnted gold importa, Uje bars
to 6
on December 80 the Bank of England rate was advanced
4-84 for
to
here
rate
their
reduced
banlcera
per cent, and
demand and 480 for 60day bills. The most remarkable
of domesfeature of the year was the large increase in exports
the consequent excess of exports over
tie produce and
months,
imparts of merchandise of $19,530,114 for the eleven
of
against an excess of imports in the same time in 1888
1889 of
158,831,017, thus making a difiference in favor of
178,851,181.
[Vol. L.
seconds, and this relieved some anxiety. The terms of the
'•Big Four" consolidation were published late in March.
Atchison was a leading point and was closely watched throughout; the lowest price in the first half of the year was 39%
t ouched on April 1— and on May 31 the stock sold at 46. Louisville & Nashville was very strong, rising to ^0% on May 28.
The Centennial celebration in New York occurred early in
May, and the Stock Exchange was closed for three days, from
Saturday, April 27, to Thursday, May 2. Default was made
on part of the May interest due on the St. Louis Arkansas &
Texas firsts. There was a sharp flurry in Oregon Trans-Continental stock on purchases for control, and on the 17th of May
33-35i^, while for cash it sold up to
the price " regular" was
Trust stocks towards the close of May were a leading
64}-^.
feature, and generally advanced in June to the highest prices
—
RAILROAD AND MISCELLANEOUS STOCKS.
The stock market opened the year without much animation,
and throughout the month of January there was little courage
or incUnation to operate heavily. The serious loss in earnings
during 1888 by many of the Western roads, and the uncertain of the year.
June opened with a feeling of much confidence in the stock
financial condition of so prominent a company as the Atchison
notwithstanding the continued exports of gold nor
stocks
market,
of
prices
the
on
influence
much
Topeka & Santa Fe, had
was this confidence greatly shaken by the prodigious disaster
in general.
By far the most important event early in the year was the by flood at Johnstown, Pa., which brought heavy losses to the
decrease in earnings in
meeting of railroad presidents on January 10 at the house of Pennsylvania Railroad, causing a
railroads
Mr. J. Pierpont Morgan, to organize the Inter-State Railway June of $1,149,383 gross and $804,663 net. Other
Union
between
the
The
negotiations
extent.
less
a
lost
to
peralso
to
Aasociation. This was followed up by other meetings
Oregon Trans-Continental took
fect details of management, and the whole scope and purpose Pacific, Northern Pacific, and
of the Association were so comprehensive namely, to secure definite shape in June, and gave strength to aU of that group
harmonious working, and to prevent rate-cutting on all the of stocks. The notice of withdrawal of Chicago & Alton
"Western and Southwestern railroads that its eflfect could not from the Inter-State Association was unfavorable to the
;
—
—
fae
otherwise than most beneficial to the
market.
There
•was an active demand for railroad bonds at advancing prices
and the Reading Income bonds were prominent, the Managers
declaring 7".^ per cent interest on the firsts and seconds, but
j
granger stocks early in the month. Rather singiilarly, the
coal stocks, except Reading, had an active and buoyant movement, touching the highest prices so far in the year— Jersey
Central up to 114?^ Lackawanna, 148^, and Del. & Hudson,
The Jersey Central earnings had been large, but the
14914.
other companies were apparently trading on their heavy business of 1888. Towards the close of June the boom in Trust
stocks overshadowed all other transactions at the Stock Exchange. Dealings were of immense volume, and prices
touched 136 and
Sugar
Trust
advancing.
rapidly
Lead 35 the highest of the year while Pipe Line
;
only 2}^ per cent on the thirds. The Gulf Colorado & SantaFe bonds declined heavily, owing to the Atchison situation.
In the latter part of January stocks were stronger, being
influenced by the large demand for investment securities, and
by the sharp upward movement in some special stocks.
Pullman Palace Car rose to 199 Del. & Hudson sold at 1385^
Jan. 30 Jersey Central reached par on Jan. 4, and sold at 98
on the Slst Atchison stock touched the lowest point so far, certificates sold at 95 the highest price up to that date
47^^, on Jan. 21st, the company having passed the Febru- and Cotton Oil touched 58 J^, against 61}^ on May 39. Several
ary dividend.
stocks were very ii-regular throughout the six months, and
In February there was a less active demand for investment among tllese none were more prominent thin New York &
bonds, but more bouyancy in the stock market, particularly in New England and Missouri Pacific, both of these shifting
the first half of the month. To this there were some excep- quickly, and often rising or falling several points without any
tions, particularly the grangers and the coal stocks, the first known reasons, and yet the whole range of each stock in the
named being affected by Judge Brewer's decision in the Iowa six months was within the limit of 13 points, though they
cases, refusing to restrain the Commissioners from enforcing frequently had the effect of unsettling the entire market.
their schedule of rates, and the latter on account of
By the commencement of the second half of the year some
the coal trade not doing as well as
in 1888,
partly important points had been evolved which bore directly upon
owing to the open winter. There was less strength the values of certain stocks. The earnings of
the
and activity in the latter part of February, but many granger stocks as a group ;,had recovered sharply from the
special stocks were prominent. Pullman touched 205^^ on the disastrous fall of 1888, while the year was showing badly for
11th, but reacted somewhat after the 25 per cent allotment of the anthracite coal carriers, especially Reading, and the Southn3w stock at par to the old stockholders. The C. C. C. & I.. western roads? including Atchison, had so far failed to show
"Big Four," and Chesapeake & Ohio group, were all very the improvement that had been hoped for. The leading Trust
strong under the prospect of the coming alliance. Manhattan specialties, except Petroleum certificates, reached their climax
Elevated was pushed up to 105>^ on March 1, with talk of in- in June, and though frequently very active afterward, it was
creased dividends American Cotton Oil Trust reached 601.^ mainly on the downward turn Pipe Line certificates touched
on February 13 Atchison kept above its lowest point of Jan- their maximum of IISJ,^ on November 8. In July it was anuary the Union Pacific, Oregon Short Line, Northern Pacific nounced that the Lead Trust certificates outstanding, supposed
and Oregon Navigation stocks were generally firm to strong to be $60,000,000, had been quietly raised to §83,000,000, which
on the pending negotiations and their good prospects.
caused a heavy break; but Pipe Line certificates sold higher
During the spring montlis the stock market was very irreg- than they had previously. The Northern Pacifies were very
ular, and as a rule the interest was generally concentrated in
strong, also the "Big Four" group, including Chesapeake
a few special stocks, which moved sharply upward or down- & Ohio, of which a controlling interest was secured by
ward according to the influences bearing upon them. The the purchase of $10,0()0,000 stock from Mr. Huntington.
money market worked fairly, and was never stringent for any Atchison was heavy on its lack of improvement in eai-nings.
length of time so as to seriously prejudice stock operations. Columbus & Hocking Valley broke badly on the prospect of a
The Western roads were gaining in their earnings, while most possible default in September intimated by its President.
of the coal-carrying roads were not doing as well as in the Reading was also weak on its unsatisfactory traffic returns.
previous year. The several " Trust "• stocks also came into
In August the general features of the stock market were
much prominence and played an important part in the " un- not essentially different, and irregularity in the movement of
listed " department of the Stock Exchange throughout
the different stocks or groups of stocks continued to be the leadyear. Manhattan Elevated was strong early in March, selling
ing characteristic. Atchison dragged on towards the inevitaup sharply, but dropping 9"^ points when it was announced ble reorganization, and it was announced late in the month
that the dividend which had been talked about would be paid
that Mr. Strong would retire from the Presidency and Mr,
in scrip. The French copper syndicate collapsed about the
Manvel would succeed him. The " Big Four" stocks and the
;
—
;
;
;
—
—
;
;
;
middle of March and the effect was much
ing to free sales of stocks by Bostonians.
Boston, lead- Villard stocks were generally strong and the Northern Pacific
Paul declared 2 dividend was talked of and the blanket mortgage was proposed;
per cent only on the preferred stock for April; Atchison
met Wabash sprung up after its successful reorganization the Trust
all its obligations due April 1 including the
interest on the Gulf stocks were weak, Sugar on the litigation of the North River
felt in
St.
;
,
Januabt
THE CHRONICLK
4, 1890.]
15
and no divwas much activ'
ity in Northern Pacific preferred, which advanced and fluctuated widely during the month. The coal stocljs were also
active, and, except Reading, they went up on September 6 to
the highest prices touched in some years, Lacliawanna to IRI
and Delaware & Hudson to 156; but Jersey Contril afterward
reached 181 on October 1. Tlie interest was paid on Columbus
& Hocking Valley bonds September 1 and all the securities iinproved. Louisville & Nashville stock became a feature, often
leading the market, and London bought freely; the earnings
continued very heavy, and the announcement was made of
on rumors of
bonds advanced largely, but the stock never wont above 12^,
notwithstanding the reported settlement of disputed points
with Missouri Pacific, and the friendly attitude of the oflacers
of that Company. The Louisville & Nashville, the Northern
Pacific and O. T. group, the Union Pacific, Oregon Short
Line, and Denver Texas & Fort Worth, the Atchison, and as
a rule all the grangers, were steady or notably strong and ad •
vancing on their good earnings, or on the pending
negotiations, which
Ijad
direct
a
bearing
on the
values
of
several
of
these
stocks.
The Tennessee
Coal & Iron and the Colorado Coal & Iron \rere strong
on the activity in iron. The Vanderbilt trunk line stocks
$18,000,000 new stock to pay off the collateral trust 6 per were all advanced on the declaration on Dec. 20th of extra
cents.
Atchison kept its downward course and Sugar Trust dividends on them for the year 1889, viz., 1 per cent extra on
broke badly to 87, Cotton Oil being also weak but not breaking Lake Shore, on Mich. Central and on Canada Southern, and
80 sharply till October 4, when it fell to 40}^. The Northern >^ of 1 per cent extra on N. Y. Central. N. Y. Consolidated
Pacific new blanket mortgage for $160,000,000 was authorized, Gas stock was strong in December on the cutting down of the
and Richmond Terminal issued new stock to acquire more of electric light poles by the city authorities.
the East Tennessee preferred stock. Union Pacific was strong
Late in December business at the Stock Exchange was reand active, and Oregon Short Line and Denver Texas & duced to a minimum and prices were depressed by the high
Fort Worth moved upward on their respective plans of con- rates for money, which on the 27th were forced up to 80 per
solidation under Union Pacific auspices.
cent per annum, and on the 80th to 40 per cent.
Early in October Atchison broke further to 26J^ under tlie
The volume of shares sold on the regular list of the Stock
prospect of reorganization, St. Paul Minneapolis & Manitoba Exchange was comparatively small, and less than in the prewas more active, and the plan of forming the Great Northern vious year, but the sales in the " unlisted" department brought
Company was brought forward. Manhattan Elevated jumped up the amount so that the total for 1889 was nearly 7,ODO,000
upward on inside buying Jersey Central was strong. But shares above that for21888. On the other hand the dealings
the Trusts were hindrances to the market— Cotton Oil in railroad bonds showed a handsome increase, being about
breaking down to 38 J^ and Sugar being very irregular high §53,000,000 ahead of 1888.
rates for money also checked business, and the ClearingSAI.BS AT THE N. T. STOCK EXCHANGE.
House statement of October 5 showed that the New York bank
Qovernment
BCate
'ER andMlB.
ER. anil Mis,
reserves were below the legal requirement. The Atchison
bonds.
bond".
stocks.
bonds.
plan of reorganization was published in October, and
Shares.
*
proved to be one of the great financial events of the year. It 1879
412,309,400
112,571,850
22,643,150
72,765,762
97,919,099
5(i9,910,200
58,t59,fi00
15,497,400
was successful from the start, was received with great favor, 1R80
114,511,248
35.395,850
18SI
38.5,889,500
49,569,300
and was virtually perfected before the end of December the 1882
11»,307,271
246,709,410
18,55.%,850
28,571,260
1>7,01S».909
284,708,100
17,046,1.50
6,9^6.500
stock and bonds gained strength rapidly. Mr. ViUard went into 1883
499,955,200
14,905,1.50
96,104,971
2,826,900
1884
92,f)38.917
669,659,400
15,2 1,200
11,678,053
control of the Northern Pacific, and the dividend of 1 per 1885
20.394,411
1(0,802.050
587,237,500
l/,793.500
1886
cent on the preferred stock was announced, and the further 1887
7,110.400
84.914,616
347,127,330
15,306,«0O
5 188,285
65,179,106
345,914,057
6,573.700
amount of $3,844,429 was declared to be due to the preferred 1888
3.H9'<.S50
5932.350
72,014,6(10
398,825.425
889
{
stock. The Trust securities were very sensitive and irregular,
*This includes all stocks (except bank stocks) and al'o Trust oerhaving a demoralizing effect upon stocks the money market littcatfs, &c., sold In the " unlistjd" depanmeuc, except petroleum
was also close, and rates touched 12gl5 per cent every week. ccrtiHcates sold by barrels.
The following table shows the opening, highest, lowest and
The anthracite coal stocks weakened under the bad results of
the year, and Tennessee Coal & Iron advanced largely on closing prices of leading groups of stocks at the New York
manipulation and under the active demand for iron
Colo- St(x;k Exchange during the year 1889.
Sugar Refinery and Cotton
idends.
In the
first
week
Oil
losses
of September there
;
,
;
;
;
;
rado Coal & Iron also advanced materially.
In November and December money was cloee, but not often
very stringent the bank reserves were so low as to cause
Trunk Linesapprehension of a possible squeeze at any time, and this
Baltimore & Ohio....
Boston & Albany....
together with the steady demand for currency West and
Canada Southern
Erie
South, necessarily led to caution in the purchase of stocks.
Lake Shore
The market was split up as usual into groups and specialties,
MlehlKan Central
N.
Y. Cent. & Hudson
among which some were strong and others weak and demoralIVnnsjlvaniii •.
izing in their influence. The anthracite coal carriers were Coal Road<—
Del. Lack. & Western
generally weak on the bad prospects of the trade and
Delaware &. Hudson
Lehl-'h Valley*
the continuous mild weather
the Trust stocks broke
New Jersey Central..
still further, and three of them touched tlie lowest points of
N. Y. Su,>< & Westcru.
Phlla. & R-adinf!-. ...
the year early in December, when Cotton Oil sold at 27, Lead West'n
& So w. Koada—
Atch'u Top. * 8. F..
at 17 and Sugar Ti-ust at 55. Petroleum certificates had reached
Clilcago Burl'iit'n & Q,
their lowest point at 80 on April 23 and highest at 112i^
Chicago M. .t St. Paul
CMoftKO &N'westorn.
Nov. 8. Another disastrous break in one of this class strnck
Cblc. K. I. & Pacillc.
the market on Nov. 26, when Chicago Gas Trust fell off from
Missouri Kan. & Xex.
Missouri P«oitlo
55J^ and touched 39 on the 29th, in consequence of the Illi.
St. Louis & San Fran.
PaoiUoR'adsnois Supreme Court decision against its operations as a moCe.utral Pnciao
nopoly. Ontario & Western was adroitly pushed up in
Noi thorn I'aelflo
Do
do pret.
November on a proposal to give the proxies to Mr. Vanderbilt,
Oregon Ry. & Nav'u.
Union P.acllo
though he had not consented to vote them. Missouri Pacific
Soutbeni Eiiails
was weak, and declined to 65^ a statement from returns
East Ten. Va. &Gn..
do 1st p' I'd
D.)
made for the year ending June 30 was published, which
do 2<1 pTd
Do
Louisville
& Nasbv..
showed a large deficit below the amount paid in dividends, but
Nash. Chat. & St. L..
afterward on the 19th of December the quarterly dividend
Norfolk & Western.
do pref.
Do
of 1 per cent was declared and an exhibit presented showing
Rieh. & W.P.Te:m..
a surplus for the calendar year over the 4 per cent dividends,
Do
do pref.
and the stock was quickly jumped up to 74?^ on the 30th_ MisecllaneoiiB—
Manhalta-' Elevated.
N. Y. ANew Ena ...
Western Union as the next important Gould stock was strong
Pacitlc Mail
on the declaration of an extra dividend of
Western Union Tel...
of 1 per cent, makAm.
Cotton OH Trust
ing 2 per cent for the quarter. The M. K. & T. affairs were very
CbicaRo Gas Trust...
Sufcar Trust..........
prominent in the last two months of the year, owing to the
Lead Trust
putting forth of two distinct plans of reorganization by the
Pipe Line Certificates
Central Trust Company and the Union Trust Company; the
* Per Share of $50.
Opening.
aioteg.
Highetl.
Lowett.
;
;
.
;
^
86
201>s
5212
2713
1041s
871s
lO^
53%
I4418
132
5i'8
9514
9%
49
53
no's
64
108 «a
9314
13%
7414
26
35%
25»8
601a
921*
6438
914
6619
23 >«
575s
81 June 10
2
2011s Jan.
50ia Jan. 24
•2o-<s July 2-'
99% Mar. 18
8419 Mar. 16
104''e July 27
SC>4 June 3
134S8 April
3
130 Mir. 18
82 Deo. 13
9i\iiir. 1"
7 Dec. 30
33 Dec. 30
26i«Oct, 10
8973 Mir. 26
6078 Mar. 16
102 19 Mar. 27
89 "s Mar. 26
9 Dec. 10
641a Mar. 29
14 Nuv. 30
33 Mar. 2!)
5
25 .Tan.
58 '3 Mar. 16
8^ April 23
8
561a July
8I4 Jan.
63
20
56 '4
23
Jan. 2h
April 24
Jan.
4
81Tj)
Jan.
79
12
1414 July 15
l-iflMar. 11
19 Is July IH
76 Jan. 26
90
90
81't
16U
60%
25 >4
45 >8
36%
83%
Jan.
4118 April
3
1
38 1«
87
22 19
8
81»8Dec.
2
27 Deo. 2
34 Jan. 16
2
55 Dec.
.J
17 Dec.
8714
81I
B3I4
3 1 Is Oct.
•
April 2
11
101 Is Deo. 14
Feb.
7
5713 Dee. 20
220
31)78 Sept. 11
101
217
547a
26<>8
108 1. Deo. 21
99 14 Dee. 2
Il0>s Feb.
2
56 Feb. 6
104Sg
151 Sept. 6
158 Sept 6
55 Jan. 16
131 Oct.
I
9>sFob. 12
50 Jan. 15
135 «a
58
Jan.
limJan.
2
1.'
75>4 June 6
1147« Sept. 1-2
1043s S»pt. S
14 Jan. 14
78 Sept. 12
30
June 11
36%
Jan. 1(
36^8 Sept.
7878 Supt.
Sept 20
105
7m Nov.
11
^
S
1>
Sept. 1'.
7019 Oct. 15
>i4
Juno 1<
2
la
8714 Nov. If
104'« D-o.
2218 Nov. If*
94%
107
53%
14714
53
125 1*
71a
38»8
3339
1087a
6938
111
97i#
111*
72
151«
33
29%
74i«
inOi«
68I4
»
66
21
8578
102
I9I9
01% N.iv. H
27% Fob. 1:
84% June 7
60
IO9I9 Mnr. 4
5318 Juce 25
40 Feb. 7
8-% June 6
6II9 May 29
103
62 June 7
126 Jttuo 24
35 .I'lne 25
ll2i»Nof. 8(
20%
77 14
43%
363s
83 le
sm
43
Is
59 14
20
I"""*
IHE
16
CHftUJNlOLE.
[Vol.
L,
road was leased to the Chic. St. Louis & New Orleans
Central system). The Indianapolis Decatur & Western
& deferred payment of its interest for 90 days. The International
& Great Northern stock was not voted by the M. K. & T. an
injunction being served. Suit to foreclose the I. & G. N. 2d
mortgage was begun. Scioto Valley reorganization plan was
road on tlie 7tli. The famous Inter-Statc Railway Aflsociation put under way. The San Francisco & N. Pacific was conwa» formed at a nieotinjf of railroad presidents held at the solidated with other roads. Shenandoah Valley Railroad
Adams
house of Mr. J. P. Morgan, and Mr. Charles Francis
fore- decision was given in favor of the general mortgage bondwas chosen President. The Sutro Tunnel was sold
holders. In the Charleston Cin. & Chic. Railroad tow n bond
managers
Reading
Philadelphia
&
closure on tlie ir>th. The
cases the Court held the bonds to be valid. Hudson River
montlis
eighteen
first
for
the
iwymentB
announced the interest
Tunnel mortgage filed. The Richmond & Alleghany road was
on the income Iwud-s, viz.. full interest of 7»i per cent on the sold in foreclosure April 16. The Sheffield & Birmingham
prolegal
the
thirds
cent
on
per
and
2}.;
firsts and seconds,
Coal Iron & Railroad was sold to Philadelphia parties. Louisceedings were begun by holders of the latter. Tlie Chesapeake ville
Nashville and Norfolk & Western agree to construct a
The
recorded.
was
for
$30,000,000
mortgage
new
& OliTo
connecting link of road via Cumberland Gap. Northern
formed.
was
committee
reorganization
Bait,
Wash.
&
Cinn.
Paciflc directors rescinded all previous action as to giiaranteeThe Morris Canal to be no longer operated as a canal by the ing the O. R. & N. lease jointly with Union Pacific.
Leltigh Valley Railroad. The Union Elevated (Brooklyn)
May. Call loans ranged at 1}^ to SJ^ per cent, touching 4
Railroad charter held valid by the Court of Appeals. Illinois
per cent only on the 3d and 30th prime paper sold at 3}^ to
Central declared 2J>^ per cent dividend instead of S^, making
per cent. The net export of gold was $12,691,139. Foreign
6 for the year 1HS8. In the Iowa raUroad cases Judge Brewer 4J^
exchange was steady at 4-89i^@4'90. The Bank of England
held that the State had jurisdiction. Knoxville & Ohio was
rate remained at 2}4 per cent. The Del. & New England
leased to East Tennessee Va. & Georgia. Pullman Palace Car
Company was incorporated, having stock of $8,000,000. to conCo. acquired control of the Union Palace Car Co., giving the
Poughkeepsie Bridge and railroads approaching it.
Pullman everything except the Wagner. Atchison issued its trol the
The Georgia Pacific, Miss. Division, was opened. Boston Conpreliminaiy statement snowing large deficit in 1888. The
Denver South Park & Pacilic reorganization agreement was cord & Montreal lease to Boston & Maine was annulled.
made with Union Pacific. The Maxwell Land case was decided Chic. & Atlantic payment on 1st mortgage bonds was
The Penna. Railroad new stock allotment of
The South Penna. Railroad was defaulted.
in favor of the company.
$6,392,750 was made. St. Louis Ark. & Tex. coujwns due
purchased in the Vanderbilt interest.
February. Call loans touched 5 per cent on the 4th but May 1 were being purchased at the Mercantile Trust Co. and
ranged afterward at 1^ to 3 per cent; prime paper was kept alive, which action was stopped by the Central Trust Co.
qnoted at 4(d 4 J^ percent. Grold was exported from the U. President Fordyce was made receiver. Texas Western was
Foreign exchange ruled at sold in foreclosure. The " Big Four." consolidation was voted
8. to the net amount of §660.808.
West
4-89g 4-893^ for demand sterling. The Bank of England rate by stockholders of the respective companies. Rich.
remained at 3 per cent. The N. Y. Lake Erie & Western Pt. Terminal stock was increased a little over 10 per cent to
car trust suit decided in favor of holders. The Chic. & East. buy outstanding Rich. & Danville shares. The Wabash was
Richmond & West Pt. new 5 per
lU. and Chicago & Indiana Coal practically consolidated. sold in foreclosure May 15.
East & West Ala. Railroad reorganization committee was cent collateral trust bonds offered and price advanced to 873^.
formed. Control of Louisville EvansviUe & St. Louis Rail- V. T. Malott appointed receiver of Chic. & Atlantic. The
road wasacquired by the Mackey syndicate. Mexican Central Lack. & Pittsburg road foreclosed. The LouisviUe EvansvUle
South Carolina RR. bond- St. Louis consolidation with other roads of the Mackey system
reorganization plan was issued.
Vicksburg
Meridian Rail- was announced. South Carolina Railroad foreclosure begun
holders began foreclosure suit.
Richmond & West Point under Ist mortgage. New Rio Grande Western 4 per cent
road was sold in foreclosure.
Terminal blanket collateral trust bonds for $34,300,000 bonds offered at 75. Columbus Hocking Valley & Toledo suit
announced. Northern Pacific stockholders were offered the decided in favor of Judge Burke.
June. Money on call ruled generally at 2@ 3 per cent till the
privilege of subscribing to the Minn. & Dakota Land Co. stock.
Pullman stock to be increased $5,000,000.
Rome & Decatur 21st, after which it was higher, reaching 5 and 6 per cent;
reorganization committee was formed. Brooklyn & Montauk prime paper sold at 3 to 4^^. Gold was exported to the net
RR. to be absorbed by Long Island. Announcement made amount of $17,472,209. Foreign exchange ruled at 4-89>^@
that Cin. Indianapolis St. Louis & Chicago (Big Four) would 4'90. The Bank of England rate was 2}^ per cent.
The Chicago Milwaukee
St. Paul decided to issue a
be consolidated with the Clev. Col. Cm. & Indianapolis,
niirois Central declined to join the Inter-State Association. blanket mortgage for $150,000,000.
Tlie N. Y. N. Haven
Receivers aj poir.ted in Texas for the International & Great Hartford bill was passed authorizing an increase of the stock
Northern Road. Receiver appointed for the Kanawha & Oliio to $35,000,000, for retiring debt, for improvements and for exRoad.
Nicaragua Canal Bill passed by Congress.
In change for stocks of leased lines. Toledo St. Louis & K. C.
Shenandoah Valley RR. case the agreement with Central completed the widening of gauge about June 1. The American
Improvement Co. held valid.
Bell Telephone increase of $3,500,000 stock announced. The
March.— Money on call touched 6 per cent on the 5th, but Delaware & Hudson Canal , Company purchased the Adironruled afterward at li^ to 3 per cent till the 25th, when it again dack Railroad. The St. Louis Arkansas & Texas bondholders'
touched 6, and ruled afterward at 2(36 per cent. Prime paper committee was appointed. Texas land decision against railwas i}4 to 5 per cent. Gold was exported to the net amount roads was made June 10. The Chicago & West Michigan
of $3,712,225. The Bank of Enghmd rat« was 3 per cent. offered "rights" for new stock and bonds to build 75 miles new
Sterling exchange ruled at 4-89i,^ throughout the month for road. Kansas City Fort Scott & Memphis offered "rights" to
demand bills. The Chi. Bur. & Northern offered 6 per cent subscribe for K. C.
M. Railway & Bridge bonds. The
second mortgage bonds in exchange for its debentures. EvansviUe Terre Haute & Chicago was transferred to Chicago
Keokuk & Northwestern Road was foreclosed. The Manhat- & East Illinois. The Ga. Carolina & No. $5,300,000 first mort.
tan Elevated declared a quarterly dividend of 1]4 per cent fives taken by a syndicate. The Chicago & Alt»n gave notice
in scrip, convertible into new 4 per cents.
The Mexican of withdrawal from the Inter-State Railway Association. The
Central $7,000,000 prior lien bonds were easily negotiated in Ohio & Miss, plan of issuing a 4 per cent bond in place of the
London. The Oregonian Railway lease was held void by the Ijreferred stock and accumulated dividends was accepted in
U. S. Supreme Court. The Oregon Short Luae, Utah Northern
London (not afterward carried out). The Oregon Railway
and other roads, to be consolidated. Chic. Mil. & St. Paul de- Navigation, Oregon Trans-Continental and the Union Pacific
clared 2 per cent dividend only on the preferred stock. The companies made an agreement for harmony and the sale of
B. & O. claim of $1,250,000 was held to be a prior lien
to the O. R. & N. stock held by the O. T. Company. The experts to
mortgages aj^inst the Cinn. Wash. & Bait. Road.
Denver examine the Phila. & Reading books reported that over 7}^
Rio Grande & West, committee was formed to carry out the per cent was earned on the third incomes for the eighteen
reorganization plan. National Lead Trust certificates put on months ending Nov. 30, 1888. American Cotton Oil trustees
tihe "unhsted" department of the N. Y.
Stock Exchange. reported approximate net profits for year of $2,600,000. The
Flmt & Pere Marquette and the Port Huron & N.W. RR ex- Louisville ^l. Orleans & Texas acquires the Natchez Jack.
change of securities effected. The Wabash Chicago Division
was Columbus road. Ohio Southern propose to issue i)2, 520,000
sold March 11
The Canadian Pacific act for new debentures 2d mort. fours to retire the $3, 160,000 incomes. The Rio Grande
and bonds pending in the Dominion Parliament.
The Western consolidation was made with $7,500,000 common
Memphis & Charleston decision was against the East Tenn
stock and $7,500,000 preferred. The Southern Pacific purchased
*^in«' International the Oregonian Road.
* at
«f Northern
M "t*!'" * V"''J?!?Lo'^,J"4«™''°*
for $514,603, plus interest, was obtained by
&
Jay
July Money on call reached 5, 6 and 7 per cent in the
Gould. The "Big Four" consolidation was voted.
first twelve days of the month, afterward niiing at 2(433'^ per
SRioGrande Western plan was published. Mayor Denver
Grant's cent. Gold exports amounted to $4,446,504 net. Foieign exRapid Transit Bill for jf. Y. Qty introduced.
The Northern change declined to 4'8832 on the 6th and to 4'873^ towards the
Pacific and Wisconsm Central traflic alliance
pending. South- close.
The Bank of England rate was 23^2 throughout.
The Cairo & Vincennes road to be " taken over " into the
"/ an increase of stock to
«lS)
$100,000,000 to take in*^fu
the*"J°'r
stocks of auxifiary roads
"Big Four" system.
Ind. Decatur & West, deferred inApril.— Money on call touched 10 per cent on the Ist,
wa- terest was not paid. The Concord R. R. and Boston Con.
**'^ latli, reaching 5 ,ier cent, and afterward
^^
Montreal were authorized by law to unite. The New Haven
ii!^
Msyata-Sper
cent. Gold was exported from the
U S b< & Derby was leased to Housatonic. The Sugar Trust deSterling exchange ruled' at cision was adverse to the TriL-t in
1°'
the North River Sugar
?Mi"
l-^T"*
^^'P-l?'891^ .'4-90
Jor demand. The Bank of England rate was Refinery case. The Balto. & Potomac Railroad announced a
reduced to 23.^ pr cent on the 18th. Atchison
called up 20 blanket mortgage for $10,000,000. The Cin. Wash. & Bait,
reorganization plan was issued. Denver So. Park & Pacific
TheSouth Carolina liailroad coupons road was sold in foreclosure. The
'° "*"
Louisv. EvansviUe & St.
.hf^ a;^'i were purchased
dueApnll
by Central Trust Co. The Miss. Louis Consolidated recorded mortgage
a
for $8,000,000. Mexi-
& Tenn.
ETKNT8 OF THE TBAR.
Carolina Raihroad defaulted on ite
aecond mortRaife coui>ons due January 1. The Chicago
folAtlantic wiw ordcnnl to he sold, hut further htiRation
lowexl
A re<-eiver wbh api^inted for the St. Louis & Chicago
January.—The South
(Illinois
,
m
;
&
—
;
—
&
&
&
—
&
&
&
&
&
.
—
wS'^^"?T^
i?^"
&
Januabt
18«0
4,
THE CHRONICLE.
J
can National acquired the Texas Mexican Road.
"
" Big Four
&
Ohio stock,
capitalists acquire $10,000,000 of Chesapeake
fiving them sufficient to control the road. Col. Hocking
alley
Toledo committee was formed to protect interests of
&
&
&
St. P. issueil
stock and bond holders. Green Bay Winona
plan of reorganization. Indianapolis Decatur \V. road turiud
over to trustees. Mo. Kansas & Texas circular issued as to
Col. Hocking Val. &
traffic and fair division of earnings.
-Toledo stockholders issue circulai-. The Wabash and Waba-ih
Western finally consolidated by vote of July 29, according to
scheme of reorganization.
AcousT. Money on call was higher, touching 5 per cent, and
after the 21st 6 per cent, but closing at 2
3 per cent. Gold
imports exceeded exnorts for the first time in the year, the net
—
®
imports being $77,751.
Foreign exchange wa3 4'88, touching
4-87»^ on the 27th and closing at 4-88i^. The Bank of England
rate was advanced to 3 per cent Aug. 8th and 4 jier cent Aug.
29.
The Green Bay Winona
St. Paul interest on Ist mortg.
and funded coupon bonds was defaulted; coupons purchaseil
by Lack. Iron
Coal Co. The Zanesville
Ohio defaulted
on interest Aug. 1. Norfolk
Western announces a new
blanket mortgage to cover all prior issues and provide for
&
&
&
&
The South Carolina Railroad pmi was pubAtchison announces the proposed consolidation of
California Southern and California Central. The Rio Grande
Junction Railroad formed, and its bonds to be guaranteed by
Denver & R. G. and by Col. Midland. Ind. Decatur & W.
receiver appointed. The Ga. Pacific equipment mortg. for
$2,000,000 was authorized. Northern Pacific directors vote to
iniprovements.
lished.
recommend the blanket mortgage for $160,000,000.
The
Auburn & Western road was foreclosed Aug. 23. The
Houston & Texas Central stock assessment was announced as
Itliaca
78 per cent,
published.
Louis
St.
&
Chicago reorganization plan was
—
September. Money on call was irregular, ranging from 2}{
to 5 in the first half, then quoted up to 6 every day after tlie
16th and touching 10 on the 27th and 30 per cent on the 30tli.
Prime i)aper was 5 to 5^ per cent, rising to
at the close.
Gold imports amounted to $2,117,111 net. Foreign exchange
waa 4-88}^fa4-89 for demand sterling. The Bank of England
rate was advanced from 4 per cent to 5 on the 26th. In Atchison afifairs President Strong resigned and Mr. Manvel succeeded him. The Little Miami defaulted on dividends, owing
to failure of Penna. Railroad, lessee, to pay rental. Mr. Shaw
resigned as President of Col. Hocking Val.
Toledo and Mr.
C. P. Waite was chosen as successor. The Chic. St. Paul
Kan. City Railroad circular was issued, proposing to fund coupons. The Cinn. Wab.
Mich. Road passed into control of
Evansville
Terre Haute parties. Louisiana State bond frauds
discovered. Lehigh Valley sold $3,000,000 of the Pa.
6U
&
&
&
&
Canal bonds.
N. Y. N.
from $15,550,000
Haven
to $18,000,000.
&
&N Y
17
& Western l)lanket mortgage filed. The Oregon TranaContinental voted to reduce capital to alxjut $30,(KXJ,(X)0, and
gave authority to officers to hquidate the comijany. Sutro
Tunnel new stock and bonds issued by " Comstock Tuimel Co."
Sugar Trust certificates affected by General Term decision
confirming Judge Barrett in his ruling against the legality of
the Trust. Bait. & Potomac R.R. records a blanket mortgage.
The Laclede Gaslight Co. of St. Louis lists its common st<K;k of
$7,500,000 and Iwnds of $9,034,000 at the N. Y. St<«-k Exchange.
N. Y. Ontario & West, nrofxises to issue $l().(KK),()Of) 1st pref.
and $10,000,000 2<1 pref. stock, caUing in $20,000,(XX) of old
stock. Northern Pac, directors declare 1 p. c. div. on pref. stock,
and also find $2,844,429 due the stock on account of hack
earnings, this to be settled later. Atchison makes a traffic
agreement with Rock Island. Columbus & Cinn. Midland
bondholders agree to take a 4'^ per cent Ixmd, guaranteed by
B. & O. and Cent. Ohio. Denver Texas & Fort Wortli alUance
with Union Pacific lines in Colorado formed, securiLies to be
exchanged and U. P. to control new company. Toledo Ann
Arbor & N. Mich, to issue con.soUdated mort. for $10,000,000.
Atchison plan declared by the Board " effective," more than
one-half the bands having been deposited. The Chicago Gaa
Trust Company declared lUegal by the Illinois Supreme Court
in its operation as a monopoly.
Denver
Rio Grande directors vote to make road standard gauge from Canyon City to
west end of Une. Houston liast
West Texas ordered sold.
Mo. Kansas
Texas plan of the joint King- Adams committee
issued, and new plan of the Olcott committee. W. B. Dickerman appointed receiver of the Norfolk Southern Road. Old
Colony R.R. stockholders vote to increase stock to $15,000,000.
Oregon Trans-Continental circular issued by President Villard,
December. Money was close all through, ranging frequently up to 12@15 per cent, and touching 40 per cent on the
30th. Prime paper was quoted at 5^@ 63^ per cent.
Foreign
exchange ruled low and with tight money on the 30th, and
advance in Bank of England rate to 6 per cent, demand
folk
&
&
&
—
was reduced to 4-84}^. The Presioent's message and
Windom's report at the beginning were well received, and Mr. Windom's silver plan of purchasing bullion
was much discussed. The Am. Cotton Oil certificates nearlyall deposited by Dec. 1.
The M. K. & T. contest was carried
on between the different plans, and Messrs. Gould and Sage
fell in with the Olcott Committee's plan, and a settlement was.
made between M. K. & T. and Missouri Pacific. The Erie and
N. Y. P. & O. completed their modified lease agreement. The
Western Union declared an extra dividend of ?^ of 1 per
cent, making 2 per cent payable in January. The Vanderbilt roads declared extra dividends.
The Atchison deposits
of bonds were announced as $128,060,000, and a voting tnist for
ten years proposed. Houston & Texas Cent, stockholders got
sterling
Secretary
Hartford increased stock an injunction against the carrying out of the plan of reorgan& West Point Termi- ization and 73 per cent assessment on the stocK.
Richm.
nal issued $6,500,000 new common stock to acquire more of
East Tenn. Va.
Ga. pref. Charleston Cinn.
Chic, bonds
SI, 1889.
for $6,000,000 reported as placed. Indianapolis Decatur
W.
The following is the official statement of the public debt bt
bondholders committee appointed. Louisville
Nasliville
announced issue of $13,000,000 new stock to pay off collat the close of business December 31, 1839.
y"
trust sixas. The Southern Cotton Oil stock was listed at
INTKRB3T-BBABINQ DEBT.
&
&
&
&
DEBT STATEMENT DECEMBER
N
Stock Exchange.
October.—The money rates were high and uregular call
loans reaching 12 and even 18 per cent the first few days and
12
OharatUr
Amount OuUtandint.
InUr't
of
luut.
Retliatertd.
Coupon.
int.
Total.
Dut
.AccnMd
icVnpaid. Inttrtt.
to 15 again from the 15th to 21st,then relaxing slightly,but
*
i
t
t
t
again
reaching 12 per cent near the close; prime paper sold at 5}4(db 4K»
1891. Q.-M.
96.472,250 24,895.460
306,806
121.367,700
455,128
U
1907.
8-J,^.273
640,815,250
percent.
Q.-J.
(•8.950,450
629.785,700
6,297,957
Gold exports amounted to $1,436,475 net. Foreign
634
110.550
46,431
exchange opened at 4-88i^ and declined to 4-86 at the close 4s rafds.certfs. Q.-J.
1,10S
J.&J.
14,000.000
210,000
TTie Bank of England rate was 5 p«r cent. The St. Paul 3«. pension
•64,823,512
8,169 1,938,700
Mmneapolis & Manitoba R. R. issued its proposal to stock- Pacific RRa... J.&J. '64,628,612
holders concernmg the Great Northern R'way Company
Aem-eimte
701,941.ni3 118.845.900
829397.462 1.185,550 8.9093M
an
exchange of stock and a lease to the G. N. Company The
• t'j.8«2,000 mutures Jan. 16. 1S95; tiMO.OOO Not. I. lr««^i: avarage data of
Denver Short Line Road was formed in the D. & R. O. interest maturltr, March 19. 1895 (3,680.000 Jan. 1, 1896, 14.330,000 Feb. 1, 1H96 ;
areraKe date of maturltr. Jan. 18, 1896 19,712,000 Jan. 1, 1S»7 t^d.904.%2 Jan.
to shorten the route between Denver and LeadvUle
120 miles. 1, 189»i |14.004,&t<0 lan. 1 1899.
^-Gov. D. H. Chamberlain was appointed temporary receiver
DBBT BKARINa NO INTBRBST.
'-'"-'•" *the
" South Carohna Raih-oad.
of
The Atchison Topeka &
Santa Fe issued its famous plan of reorganization. In the
•66.443
Northern Pacific election Mr, 'Villard and associates were Old demand notes
Lesal -tender notes
846,e81,01«
successful. The Louisville N
Alb. & Chicago leased the
Certificates of deposit
9.670.000
Richmond Nicholasville Irvine & Beattyville Road. The St.
Less amount held in Treasarer's cash
570.000Louis & Chicago Road was sold to the purchasing committee.
certificates
154.301.989
The Canadian Pacific offered £903,375 of its new consolidated Sold Less
in
amount held
Treasurer's cash
81.316.100- 122,985,880
debenture stock
London. The Chicago & Northwestern surer certlucates
S85.aOt.0S9
Less amount held In Treasurer's cash
8.2S«,961J^d the Union Pacific made a close traffic alhance. Lehigh
Coai & Navigation Co. gave notice of a ten per cent increase fractional currency
15,390,b«e
in Its stock. The Mo. Kansas & Texas plan of
Less amount estimated as lost or destroyed..
8.376,9.^46.914,132
reorganization
.
:
;
;
,
m
was
by the Olcott committee (their first plan). The Cin.
Bait, reorganization committee took possession. The
West, to be reorganized and absorbed by the CI.
C. CJi.
St. L.
The Fort Madison
Northwestern Road was
foreclosed.
issued
Wash
&
Ohio Ind.
&
&
close throughout, call
°° *^® J^^'' 20 «n the 18th and 19th and 15 on
prime paper was quoted at 53^ to Q)4 per cent. Gold
unports exceeded exports by the sum of $1,198,025. Foreign
exchange ruled at 4-853^fa4-86 closing at the latter price.
«ank of England rate remained at 5 p. c. The American Cotton
Oil 1 rust meeting held and loss of about
$1 ,000,000 shown by operations of some of the managers. Trust to be
reorganizecl as a
corporation, and capital reduced.
Ohio Southern bondholders
received notice that they could exchange their bonds. Louisiana bonds found to have been previously over-issued. The
* '^^^^ (F. C. HolliM) plan issued. Newark Somer*
set "J^"'
& Straitsville bonds to be extended at 5 per cent. The NorlS*°o,>*?*'°*'"*S ^^
2»th;
t7a8.58tt.6M
RBCAPITULATION.
&
November.—The money market was
me
Aggregate of debt bearing no Interest
TMaL
PrtneJjKjl.
Interest-bearing debt
Debt on which int. has ceased..
Debt bearing no interest
ToUldebt.
829.897.462
10,068,447
1.844.625
161,906
l.eM.S«I
7e8.f8S.6Sa
7a8.6E0,552
10,840,413
1,600.328,640
Less cash Items available for reduction of the debt.. .1427.021,000
tess reserve held for redemption of U. S. notes
100,000,000
Total debt, less arailable cash Items
l,4l0,56e,003
t6«7.021.a00
1.083.643.093
Netcashlntbe Treasury
S0.5l»,14!t
0«bt. less cash in the Treasury. January 1, 1890....,
Debt, less cash In the Treasury, December 1, 1888.
,
Decrease of debt dnrlngthe month
Decrease of debt since June 80. 1889
839.966.907
l.C'S2.w62.gil
l,056.0iil,004
3.128.003
23.«9a,71»
THE CHRONICLE.
rr
18
[Vol.
COURSE OF PRICES OF RAILROAD BONDS FOR THE YEAR
(Compiled from
all
Sales at the
Now York
U
1889.
Stock Exoluuige.)
and miscellaneous bonds sold at the New York Stock Exchange
the best business relatively of any branch of the Stock
showed
department
daring the year 1889. The bond
than
$50,000,000 above that of 1888. The demand for inmore
was
sales
of
Tolume
Exchange, and the total
the
Speculative activity, and the tendency for all good
than
steady
and
certain
more
something
vestment was
does not apply to those bonds about which there was some
remark
this
though
upward,—
naturally
bonds was
foreign demand for investments also gave strength to this
doubt as to whether the interest would be paid. The
The railroad situation was of
sometimes
its chief support.
market, and purchases for foreign account were
Presidents'
Agreement aad the formaThe
dealings
in
bonds.
strong one, and served to encourage
The
tables
g'lre prices of all railroad
below
course a very
to the maintenance of rates, and the cessation in the building
tion of the Inter-State Railway Association tended
against the introduction of additional rival lines, besides
guarantee
a
being
time
of new mileage was for the
year the good crops raised and the increased industrial
the
in
Later
bonds.
new
of
restricting the supply
activity,
with the improved condition of the iron and steel trades, gave unusual promise of good results from
railroad operations.
Sept'ber.
BONDS.
IxJw.BlKb Low. Hlgb Low. High Low. Hiffh Low. HIgb Low. High Low, High Low. High Low. High Low. High
Co.. Isl.e 10«M-10«M 106M-10flK 10«<-1«7
lal coimol., Kold 3«-..
nanv.-lat
«
Atl.
79)4- 83
Allniilic A: Pac— lst...4 f8«- 81K 80)4- 8
17M22X amIncome
6
H. V.-l»'iO, 4W
Al.T.
-109
99^-100
Chic. S. F. iV (:nl.Ifii..'> 07M-IOO
«iuiri:ol.>&;ii.F.-lai,7 1(185<-115« 112)4-118 ICW4-114J4
78 - 81J<
70«- 87)4 '9-83
Cold
110
Am. Wal.W.
&
am
am
\
93
-
7954-
17
9tH 9454-9854
eOH 77 - 8094
- 19)4
17
98)4- 98)4
7«i4- 80)4
- 19)4
17>4- 19)4
Hold,
Gold,
ton. coop
1»-J.^,
res
5
108X-111
3.... - ..
Boh.Un.Gnii-Tr.cer.Mt'.S
83J<-
8SX
97
M
70 - 73)4
2
&
»m-lO«H
-108
- 91)4
91-92
91)4. 03)ir
08)4- 99
W
79-83
Cona. lat A: col. tr....3
C.R.I.F.a;X.,l»t
«
8BT.ifc\V.,l«tcon..K.3
....
Ceat.olN.J.-lat,lS9U?
Conaol., 1899:
7
106
r
Conv. deb., 1908
6...- - ..
Gen. 1>I., 1 087
3 loej^lio
ReKlstered
3 106M-109«
l.eh.<k W.li.— Aaaent? llSH-119
BIorinnEe, 1913.. ..3
Am. Dock
& Imp
3
....
-
...
108 -110
6 n2«-us
80
lOT^-lOSH 108 -109)4 108)4-110)4
B5«- 97M 9SH- 91)4 94 - 98)4
82)4-9354
lat,
con,
E.,
102)4-102)4 103)4-103J4 10354-104
103^4-103)4
100)4-10154
122
-122
121)4-121)4 120
-121
121
-108
-110
.tduiorl.,
Chic.
<fc
1911
7
1105(-111
-110
a-
82-08
-
95)4- 95)4
94
93-98
98 -
- 99
- 99
»7
wm
108)4-10954 108)4-109)4 108 -10854 106)4-10954 109 -110)4
0854- 99)4 96)4- 97)4 0554- 9854 9,554- 97
9654-97)4
103)4-103)4
108 -102
1005<-101
101)4-101)4 103 -102
104 -104
99
09
103 -103)4 102M-10254
10454-101)4 101)4-10154 101)4-10154 101)4-102)<103
-123
121)4-121)4 12054-12054, 123 -122
11654-llt54 11654-11654 114)4-115)4
11S54-U6.>4 116)4-11654 115
128 -128 128 -128
119 -119
112 -11354 112)4-11354 112 -114
11254-11354
112)4-113)4 lUii-llSH 111)4-112)4 111)4-112)4
117 -118 115)4-116)4 115)4-118)4 116 -117)4
107 -107
.,.. 106 -107
102)4-102)4
113 -113
110 -110)4
....,113 -113
115,-115
-117)4 115
-115
-IICM 117)4-117)4 11854 118)4 110)4-117
117)4-117)i 118)4-120)4 118
-115
-11954 117)4-il8
115)4-1 16)4
119 -119
113)4-11354
111)4-112)4
114)4-115
102)4-103
10954-11054
111)4-113
113)4-113)4113)4-114
U2 -112
113)4-115)4 114 -114)4' .
115 -11654115)4-116)4',,,, - ..
115)^-116)4
115)4-117
117)4-118)4 117 -118
114 -114 |ll354-11354
•
-102
10254-10254 104
-105
101)4-101)4101)4-101)4 101
111
-111
113
114
-116
U4
-113
-114
-130
- .,..|1025S-I02)4i 102)4-10*
113)^-11354 11354-113541 113 -118J4
114)4-116 |.,,, - ,,, 115)4-116
119)4-119)4
113 -117)4119 -119
118)4-119
120
118)4-11951 119)1-120
117M-117J4 114)4-11
118 -116'
118)4-118
1185i-l 17-54 118 -11854 1175i-118
115J4-118
94 - 045»: 94 - 97)i 9654- DHH 98 -ims 100)4-10254 10151-101)-1 102)4-103)4 10354-1035(;'lOO)4-lOl
99 -101
107 -109)4 109 -109)4 108)4-111
110 -111)4 111)4-112)4 111 -U3)l'lli)4-lli)4 111 -111
110)4-11154 111)4-1125* 112)4-114
77 - 81 i.... - ..
79-79
77)4- 77M 1854-7834 79 - 80)4 77 - 7754
77 - 78
111)4-111)4 112)i-ll8i<
....
1
-123
112)4-112)4 113 -113
122
93-99
»tV
94)4
107M-107M
lOOM-lOOH 1015i-108
131)4-132
131)4-132
10354.106
lOS
-104)4
9754- 87«|
07-98
92)^98)4
92)4- 98)4
8954- 9054
Nf'br'nkii I':xl.,19'.t7.4 9W4- 9154 9354-98
93-96
Chic.
E. Ill.-IM, ».I.U,118 -116)4!ll0 -119
119)4-119)4
lat conaul., sold
6,118 -180 Il80)«-I84
128)4-184)4
Gen, mori., 1937. ...3 97 -lOOM 100)4-t04}4 10ii54-10S)4
Ckic, Gaa I,. Ac C-lal..3
83-90 89M- 95
Chic, it In. CI Ky-1 at.
101 -106
103 -104)4
107 -108
09)4-100
.
-nn
109)4-109)4 109)4-109)4 109)4-109«4 109-51-110
123)4-124
120 -120
18154-l)i2)4|....
110 -120
112)4-112)4:113
186 -128
124
112)4-112)4
Dcbnilurr, l!il3
3ll04 -106
lowalliv.-tiuk. fd...S .... - ....
Iowa DlT
4} 0054- 9734
&
101
98-08
99)4
121)4-127)4
116
64-6
-106
- 72
.
iia)4-ii2>4 115
-
Cbie.B.iV Q.-C'onsol...7,lSl -131)4
Sink. fund. I9III
QIOS -1C9
4
- 98)4
- 75)4
- 14)4
04-95
107
.4.
97
74
13
119 -119
11854-116)4 117 -117
117)4-117)4 117 -119
119 -119
112 -112)4 111)4-112)4 11154-112)4 109 -110)4 11054-112
111)4-113
88)4- 87
89 - 89)4
105)4-10554 105)4-10554 106 -108
107)4-109)4 106M-107)4 107 -108)4
00 -100
99 -100
89 -100)4 95 - 9654
09 -100)4 09 -100
87 - 87
87 - 95
87)4- 88)4
110
113 -11354
113 -113)« 113)4-114
Hl.L.J.Jt (:b.lHt,'94 7
Olv., 192-.t
Plain, Ul-il
- 9754
73)4- 77T4
13 - 1554
1195iJ-121
108J<-109J< 10754-10954 10^-111
117X«-110
117 -117
116)4-120
«4lnklliK lilnd, l9U3..u].... - ..
18854-185)4 124)4-18554
I..&.'«Ia.U.li)t, 19(111.7 124 -124)4 121)4-181)4
Oenver
97
US54-118
6
6
lat m., irtiiir., (3tt4) 7
ni»«.ICiv.lid.1iii,i.r.||
Chic.Bnr.il.' Nor.— li)t.3
08)4- 72)^
13 - 15)4
108)4-103)4
«
Aitoii-lat
93)4- 97)4
83 - 86)4
114 -116)4
-107)4 108 -116
68-54-7854 74 - 7654
67
11951-120)4
120)4-130)4 110)4-122
107
-108)4 108)4-110
-107)4
107)4-108)4
107
106)4-100)4
89)4- 90
89 - 89)4
89)4-
9454- W51
101 -101)4 102 -102
0054-100
100)4-103
-112)4 118)4-115M 114)4-11654 112)4 113)4
I10)4-113K 113 -113)4 111 -113)4
117 -110!4
110)4-120)4 118)4-119
103 -105
106)4-107)4
109)4-11094 108)4-10954 109 -111
112)4-113
111)4-113
112 -113
108J4-110
- 7454
- 17
-122)4 133)4-124)4 122)4-122)4 121)4-121)4!l22
128)4-128)i
108
109
17
89-00
102)4-103)4 104)4-108)4 1045t-1045< 10151-102X 10154-102)4 10254-103
10254-103
.6 105^-1063:4 106M-107)4 I07)4-108.)4 105)4-10651 107 -10754 10754-108)4
1939.. 3
W
15-54-
99 -100
9(1)4-100
114 -115
115 -116
115 -115)4
ScrlcaA.Bold, 1908. tins -116 116 -117)4 117)4-118)4116 -118 11754-120
Ser. B, reor. com. ct.O 79?<- 84^ 86)4- 8654
Ext.cp.iroor.eom.ct .4 79)4- 88M 85 - 87)4
Cnrr'cy. reor. com. cl.6 20)4- 83,4 81)4- 35
.1.
Mort., 1911
18
73
16
....
3 ....
Wealcru Pac
HI -lUH
Chea.i&O.- P. moil. I'd «:.... - ..
Chea. O.&.H.
7154- 7454
10954-112)4 11054-112X 10754-109
10OM-1Ol!i 101)4-10154 10154-102)4 102)4-103
115 -115
6.... - ...
118 -115
6 113 -113 ll^-113?i
115 -115
6 II3V4-115 118)^-115 115)4-1155< 118 -117
6 114^-111^
....
....]lU -114
Gold. 1898
Man Joaquin Br
Cal. iV- OiOBOn,"B"..6
LnndBrniilH
«
Blort. bonda, 1936..
Mori. Kuar., 1939...
-
-106H 103 -lOSfi 103)4-103)4 10344-10SJ4 10354-104)4 10454-105
-121
125 -125
120
Conv., 1902
74)4- 7754
96-06
108M-108
93M- 86
CeBt.O.Reor.-l8t...4$4 ..
Cent. RR.ifc B., Ga.. S 99)4-101
Cent. PaclOc—
Gold, isaa
Gold, 1S9« ..
Gold, 1S97
60
....
Canada tSo.-lsi.Ku.. .3
iMmort
3
9854-09)4 98)4- 9
75 - 77X 09)4- 75
121)4-121)4 121 -121)i
110 -1105s 109)4-109)4
107)4-107)4 108)4-100)4
- 76)4
100 -100)4
99 -100 100 -100
9754- 97T4 9734-98)4 98J(-99)4 99)4- 99)4
....
120 -120
116 -116
'-« 113 -IISX 115 -116 116)4-116)4 115 -117 118 -117
Conaol., 1st
-112
B'kl7nEI.-lat,19-.i4..fi l06«-no!< 10M<-110X 10954-110)4 107)K-110)4 110 -110)4
- 92
- 00
90 - 90)4
89 - 89
adaiort., 1913....3-3 87«- 87K 88-88
106)4-106
-1055(
106
-106«
10««-107
10«)4-108)«
i;iilonEI.-liil,193r.«
10«)4-108J4
-102
- 99H 97X-10O
96 - 97)4 9j)4- 99)4 99)4-104)4
BBr.C.It.<kNo.-l8t..3
-lOO
995(- 0054
98-9
83-86
••*
Baat.II.T.A:Wes.deb.3
Baa. R.
P.-CSen
3
Roch. <b Pitta., lst..e
High Low. High
100)4-100)4
9054- 9954
- 18)4
t.ow.
-109
105)4-109)4 100)4-105)4 103
-105
85-90
109
-100
108 -109J4 109)4-112?4
-1C9)4 10SH-110)4 108
107 -110)4
104)4-108
-109
109
88-88
97)4- 97)4
Bait. dtO.-lal. P.Br..« US)i-118)i 119 -119
Beech Creck.-l8t,(r..4
-110
-184
111)4-113
11354-114)4
...».
....
-
193
-1C3)4|..,.
11134-lia
ia0)4-121?l
119 -120
111)4-111)4 lu -11134
114K-114'4
U0754-IO754
-
106 -106
102 -1O4J4J103 -103)4 102)4-102)4 .,., - ,...101 -101
138 -182)t 133)4-134 |I83)4-134
120)4-131
130 -130)4131 -132
129 -130
129 -130)4128)4-130
106)4-107
- ,., ,. , - ...-1 100)4-106)4 10154-101% 105)4-106
100 -106
I075t-1075i .... - ...
103)4-10514 102X-100)4' 10M4-10<1)4 105 -106)410454-10654' 105 -106
105)4-10654 103)4-10454 103 -105
.... - .... 118)4-118)4
-113
113
91)4- 95
88)4- 07)sJ 96)4- 97)4 07 - 9751 97>)f- 98
07 - 0754 97 - 07
95)4- 95)4 05)4- 96K
98J4-94)4 9454- 06)4 96)4- 96)4 95)4- 95)4' 95)1- 9551 6454- 96
08-94)4
93 -9434 .94 - 94
91 - 91
9154- 98)4 9251- 93)4! 93)4- 96
.... - ..
02 - 92)4 98-83
98)4- 9554 0354- 91)4 9854- 9454 93)494)4- 94)4 94)4- 9451 94 - 91)4 91)4-98)4 9154- 94
119!4-119!4 .... - ....Ill9 -119
180 -130
.,,, - .... ISO -130
12054-181
120 -130
1S0H-121)4 120)4-121
117 -128
181)4-18254 124)4-12551 126 -126
127)4-127)4 130 -135
123 -184
102)4-104
10134-104
103 -104
10351-104)1 103)4 -10451 10354-104)4 10251-10354 99 -102)4 89 -102
92)4- 945* 9354 101
96)4- 93)4j 9551- 07)4 90 - 00)4 05 - 97
90 - 83)4
9954<100)t 08-90
103 -103)4 10251-104
101)^-106
IO.I51-IO6
101)4-102
104 -106
104 -104
102 -103
101 -102
...
-
10'
i07;4i..,.
.,.
...
MH
j
Jancaby
THE CHEONICLE.
4, 1890.1
19
COURSE OF PRICES OF RAILROAD BONDS—CONTDnjBD.
Apbil.
BONDS.
Low.BiKh
I.1OW.IIIKI1
Chic. IWIlw. &: St. P.8
124M-124H
l»t, P. D., 1898
r'3 t22^-122H 118 -120
ad, P. D., 189S
124 -125)«
R.D,190'J.7
109 -110J< 110 -110)4
1st LaCroHse DIt
114^-116
Dlv
1I4«-114X
7
l«t I. dtcM.
7 I18}i-120
iBtl. dcD. DlT
7 lU -124 124 -125
iBt C. dc M. DiT
iRl.ltold,
—
124
-IHH
7 I22}<-121« 123«-124^ 124 -1S6
n. Dhv
1st H.
Chic. &: Pac. I>iv
5
6
112
-115
123)4-123)1, 124
114
&
-111
110
7
I19?i-120j(i
110)4-113
120X-1SOK
23
yrs, dcben.,
1909.3
Registered
3
Exten. bonds, 19'26..4
Resi*<tcreii
-125
7
St. P.-tJd.7
& Mad.-lst
-119
121 -122
108)4 ICOHJ lOO^X-lll
110
109 -llOJi
105 -108
10W4-107
98
-lOliW 100
181)4
-
186K-128
12s
-126
12e)4-12e)(,
115
105
-IM
118
107
-
117
-117
•145)4 145
07).;.
-100
-
120
-134
-122
133!i-18S)^ i;«s
121)4-181)^ 122
145
-14.-) Jj
113)4 -145)4
101
-101)4 108
-146)4 146
133
130«-131X 132
-127)4 126)4-127
11254-113
109 -100
105 -105
-
113
-
H3X
-
108)4 107
105
106
100)4-101?^ 101
-108
148 -148
144
120)4-129)4 189
128)4-129
128
121 -121
117
110 -111
114
114
114X-114X 116 -118
108)4 108 -108
109
-107
-
Chic. Peor.&St.i:/.,K.3
Chic. R. 1. 1& Pac-
9iii- 97
95
-
133
-13S
107
125
-126
-108
101)4-102X
109X-109)4
108
-108
97)4- 08?4
100
-100
142
-144
-129X 126)4-130
12554- 129
-117)4 116
107
109
114)4-114)4 109
-m
Extension
4
Chtc.St.I..ifcPittB-lgt.3
Chic. St.F. Miu.i&Oui.C'onsol.,
115
-108
-106
1OOX-109X
1930
6
9«yi- 97
07 -100
119)4-121?^ 121^-122
84
100
-
-111)4 110)4-110)4
101)4-105)4 105 -106X
-101)4
99
99)4-108
99)4- 99)^
130 -130 130
- 00)4
9854-99)4
95 - 06
-130
129
-130
124)4-125)4 122)4-122)4 123
130
132 -138
-120
98)4-
108X-108X
109)4-109)4
»«K 98
•122
St.P. &S.CIty-l8t..6
I2ej4- 127
124
-125Ji 125
-126
-
96
97
12tX- 123
•127
97 - 97)4
97 - 98
- 0854
8. f
93*.2
125
125
Gen. iiiort.,
-119M
^^ 119
CIn.In.St.L,.<fcC.— l8t.4 05M- 07
SB
CouMOI., I9J0
«
Cin. J.&:M.-lst,con. 3
91
&
CIn. Snn.
Clev.-ad.7
Consul. 1 Ht, K., 191S8.5
Cin. Wash. iSt B., p. 1.4H
Cleve. <& Canton— 1st.
CI. C. C.&. I.-lBt, B.td.7
Consoi
7
General cons
O
Clev.ifc Mah.Val .s. 3
Col. Coal <Jk I.-l8t,con.ti
Colorado Mid.-lst, g.e
Col.H.Val.ifc T.-lBt...5
«>
09
97)4- 98)4
96 -
96«
92)4- 93
93
- 0454
-124
98)4- 9954
113
-
95
9754
122
-123
1255< 128
185
124)4 124X
ma- -127
118 -118
99)4-100
118
-
92-95
95
&Cin. Mid.-lst.. (>
Comb. & Penn.— lBt...«
it 11 ud.
80-86
63-63
80 - 80
97 - 97)4
....
- 03)4
-
....
8954- 101)4 10154-102)4
12354-125)4 18354-125
114 -114
120 -120 11954-11954
101 -103X loox-10054
118 -118
103 -103
113
94-94
130
112
-133
-113
100
-105
96),!- 96)«
93
-
93%
•12354 124
133 - -134
115 -116)4 118)4- 117
108 -10891
101 -103
99-99
93-97
93)4- 96
123)4-123)4 123
-124
120X-125
9854-100
9854-102
66)4- 75
72 - 77
54)4- 62
65)4-
lOlX-102
99-99
94)4- 96
110)4-119)4
119)4-120
136 -130)4 134 -134
120)4-123
118)4-122
101 -104
103
-104
103)4-105)4
SOU- a^H 84M- 87«
8454
82-64
87
84 - 87
96 - 97X 97)4- 99
92)4- 98X
-125
128)4- 122)4
134)4-135
133)4- 133)4
120 - 120
118 -ItSX 110 -120
110 -110
97
9354-10354
99)11 93 -100)i 100)4-102
95)4- 97)4
•
74
78
-83)4 70-7754 eox- 7354 eOH- 72
- 85)4 69)4-77
55 - B6)4 60-64
1
72)4- 75
71
72X
-
73 -
78 . 7754
78X
75K- 76)4
76X 73)4-81
98-98
106)4-106)4
00 -
Wii
90-93
105
90-03
80-80
- 92
91)<-
91X
-105
Canal
Isl, 1.S91
7
108JJ 103K-106J4 106)4-10654 10654-107)4 107)4 108
10854-10S54
116?<118 -118 117)4-118
114 -116)4 11154-116
7 117 - 117X 117 -117
114)4-114)6
.7
147)4-148)4
146X-148)4 144)4-1455( 147 -147
1st extended, 1891. .7
Coupon, IttiH
7
1894
11 OK- llOM
n7h
Penna. Dir.— Coup..
Hculstered
7
Alb.it P*a8q.— lBi,iru.7
13«
Ist coup., Kuar
Kens, it Par.— Ist
124
)i
....7 145
Reeistcrcd
Del.L.it \Vest.-Conv.7
)
Mort., 1907
Syr.B'n it N.Y., Ist..?
Morris it Essex— 1st
.^lortKUffu
105J4-107X
105X-105;4
106 -105
.
126)4-127)4 127)4-127)4 124)4-126
U
]g-.iO
Col.
^d
-137
-123X 123 -12.3M 123)4-184)4 121)4-124 120 -122)4 119)4-121
184 -124)^
126)4-127)4 123)4-124
-127X 127 -127 .... -
125)4-126
118
93
Col.A:IIock.CJkl.-'17.e
Col. &(;reen.—l8t,' 18.6
Reir.,
130
- 91
92«- 95
94 - 96) 08
1209^122« 122)4-123 123
.
Gen. gold, 1904
117)4- 117)4
-
wjc-
122)4-184), 120
124
-
Chlc.it W.I.-lBl,
Delaw.
-123
-130
118 -118
116)4-U6X
1095i-10954
108)4-108)4
90-88
00-96
97)4- 98)4
84
•100
121
127
Sdmort.,
107
52«- S2« 54 - S4X
Chlc.St.P.dk M.-lBt. .« 123H-123)4 125 -128
^
-119
-108)4
-U7X
ii
1903
1st,
-144
l25)4-isn54
-
131)4-133
99 -100
143
-12954 120)4-130
131«- 132J4 132
136 -137
134 -137
134
134 -187
1S8)4- 138)4 133)4-135)4 134)4-134)4 136 -136
135 -185
134^135 133)4-133)4
130)4- 131
133 -133
3 1045^106 105)4-106)4 104« 105K 104«- 107)4 107)4-10754 10754- 108)4 106X-106 10454-106)4 105)4-100X 10554-106X 10554-lOOX
5 105!4-105K 105)4-105)4 105X- 105)i
105)4-105X
Keok'k >fcDes:f I.-l st.S 103 -105
105 -105
105 -10854 106 - 107
106)4-107
10354-10354
103)4- 105
107 -107
Sos M. <& Ft.D.— l8t,4 83-83 82K- 83
86
87-88
Resistcrecl
Xxten. <& Col
Reeistereil
19)4-119)4
186 -ISO
128 -12»X
127 -127
106)4
-
120
108
-144
10654-10654 106)4-107
122X -123)6
106«- 107
-110
imi-um
120
135 -136)4 136)4-136)6 131 -134
110
-137
114X-U4)4
10454-10454 104
111
111
-135
-122)4
127
101)4-101)4
00!.4-100M 100)4-•104)4 101)4-102
-
-101
l2654-ia9X
117 -117J4 U654-11554
U7)4-117)4
106 -106
105 -105
-121 116 -119)4 110 -11 K117
11754
-149
180X-"130)4 130)4-13054
-131)4 130 -132
132 -132
130)4-130)4 129 -129
129)4- ISO
122)4-123
122 •122
120 -120
128)4-:182)4 122 -122
HW4-U1 109)4-110)t 110)4 111)4 1105i-l118 111 -111)4 10954-110
-104)4
126)4-120
108X 108X--10954 loa -107
-
100
106)^-107
Low.HUb
125 -128
113 -11454 113J4-114X
117 -118
117 -118
11754-118
184)4-126
124)4-124)4
186 -127)4 127 -128
12454-120
126 -127
U7)4-117T4 U854-180
105?4-10tl.« 107
06)4-
-131)4
-126
Dec'beii.
I..OW.IIIf(b
-10-lM
-120
118 -118
107)4-1U8)4 10fl5:4-l085( 10fl)4- 107541 107 -lOH
106)4-107
99 -101)4 101)4- 104)4 105 --107X 103)4-10454 104 -104)4 104)4-10454 104)4-liH54 10354-10)54 103)4-10454
101)4-102
105 -106
lOlJi--lOB
106)4 108k 104 -106
103)4-103)4 104 -104
1045i-1045( 104 J4 107
106 -•106
io;)).i--105
10554-10654 1(M)4-104)4
99)4-103
103)4- 10«
104)4-106
106
-105
106 108)4
106 -105X 104X-106)4 104)4-106)4
l(MJ4-105
102 -102
103 - 109)4 10«H--108 106 -106)4 105)4-106 106 -107
105 -105)4 105 -105 104 -105)4
118)4-n8»i
6
6
186)4- 186M 126
127 -127
114 -116)4 10954-10954 110)4-112
113X-114
180 -180 115)4-119
117 -119
U9 -119
- .... 186 -126)4
184)4-126
.
189 -130)4 120)4-127)4 126)4-127
189 -127
101
Ottum. C. F. <SkSt.P.3
Northern Illg.-lst..3
Coupon
At'ODHT. SEIT'IIKB. OCTOBEB.
-
134
Mil.-lst
Wlnoua&
Mil.
181
4
Iowa Midland— Ist...
Chlc.ife
JULT.
110)4-112)4 111)4-113)-, 1I3X-116)4 115)4 -116)4 113)4-114)4 116 -11^ 120
121 -121
I21« 187 129 -129 124)4186)4 185 -126 126
99)4- 09)4 101)4-101 )<; 103 - 105)4 106 •107X 101 51-10454 10354-104)4
90-90
Inc. conT., S. F
3
Daliota ifc Gt. So. ...3
92 - 92
Chic. «& Norlliwc8t*n~
H3«'-U7
144)4-145)4
Consoi., 1913
14S
7
Gold, coup., 1 90^2 ... .7 129^-132 130»<-131)t 131
Gold, ree., 190!2
7 ISO -131J« 130)4-131)t 131
SInkinK fund.conp
6
muklns: lund, coup...
RcKlHCered
3
Debenture, 1933
3
JCHI.
180X- 180X
126 -126)4 120J4-129
102)4-102X 103
6 II814-II8K 119)^-110)4 118 -119
ChIc.«sPac.W.DW..3 103 -U&H 105 -106 105)4-106J4
99 -100
08)4-100
Chic. dcMo. R. DiT..3 08?i-100
Mineral Point Dlv. ..3 83 - 899r< 100 -10; 101)4-102
Chic. <& L. Snp. Div.3
W^.tSt Min. DlT
3 09 -101 J< 100 -102 100 -lOOJi
Terminal
3 100 -loa 10194-102)» 101)4-102
'
127 -129
-U6H
3 102}<-102«
6
125 -128
118 -118
125)4-125)4 124)4-126)4
110 -112
110 -110
112)4
115)4-115)4 115)4-116
117
117
118 -118
126 -125
126)4-128
Consol., 1903
lat I. &I). Exten
1st So. WcHt Uiv
1st LiuC. dsDnv
iBt So. Minn. DIv
Istn. •& n. Dlv
7 I2C«-12a»<
MAT.
Low.HiKh Low.Hlgli Low.nigb Low. High Low. HIsh Low.Hlgb Low.BlKb Low. Hlgb
138 -136
135 -138
•124^ I25)4-I25)e 125X-125J4 128)4-124)4 184 -12454 18354-12SX 124
145 149 -160 160 -150 150 -150
150 -150
1125:4-113
144
•109
-140
U4X -148
-109
141 -142
137 -138
147 -148
109
IDO
-12554 125
140
-128)4 126J4-186
-160
-150
125)4-125H 126 -128)4 129X-189X 130X-130X 130 -131
146)4-147
143)4-143)41144 -144
144 -144
144 -H5
136)4-136)4
136 -137)4 .... - .... 188 -1S8X 136 -136
115)4-116)4 114 -114)4
113)6,114)4-115)4
116)4-116
U25i
j
181)4-122X 11854-110)4 11954-120)4
76)4- 815(
81 - 82X
80)4- 82)4
81)4- 82)4
84X 81X- 84
11254-113;4 113)4-113)4
144)4-114)4 144
144 -114
108)4-108)4 .... 134 -134 134 -134
111)4111)4 109 -109 108H-108J4 100X-109X 108)4-10^
138)4-138)4
138 -139
139 -189
137)4-139
137)4-138
136 -136
136 -138
138 -138
ISO -139
146 -147
140)4-146)« 145 -14S
147)4-147H 148 -116 147)4-147)4 148 -148
10754--.09
105)4-106)4
10554-10654
107)4-107)4 1075i-1075(
10S54-109X 108)^-109)4
lOUX--110)4 106J4-107
1900
125 126)4-125)4
1871-1901
127)4- 12754 188 -128
129)4-129)4
Consoi., ffiiar
?
143)4-144)i, 144 -145
N.Y. 1.. it VV.-lst .. t, 181)4 131)4 138)4-135 136 -133
Construction
113)4 113)4 lllX-112
112 -113
Denver it Rio G.— Ist.' 119 121X 1203:4-122 120 -121
Mewcnn^ol, I!I36.
7J
78
79 - 80)4
76J4- 80
Imp.M., v.. intiK...
80)4- 81J< 80)4- 82)4
-144
102J4-109
-109
109
-144
135 -135
128 -122)4 121)4-122)4 122 -lis
146 -140
149 -146
-136
149)4-149)6
109
140
106 -10554 105)4-106
106 -106
105 -108)4 10454-105
10454-104J4 10454-10454
106 -108X
118)4-117
11654-117
117X-117)4
114 -114
115)4-116)4 117 -117
142 -142
147X-148 148 -148)4
140)4-149)4 143 -143
147 -147
.
138
-132
132)4-132)4
1483:4-149)4145
134
-135
•
-149)4, l«!^l*"X
io5)j;-io9)4 106)4-100)4, looM-iow*
130 -131X127)4-127)4125)4-126
14454-146)4 144)4-146
i
Il44)4-115
140)4-140)4
137)4-13754137 -137)4 136)4-13754 134
-136
113)4-U3)4U3 -113)4ill2 -112)4 112)4-113
182X-122X118X-118X ... - •••
121)4-122)4 122)4-123
119)4-121
7»
78)4- 7954 78)4-7954 79 - 79J4 77H- 70)4l 77X- 78X 77li81 -88
83)4-86)4
84X- 84)4 84 - 84)4 84-89
THE CHRONICLE.
20
[Vol. L.
C0UB8E OF PRICES OF RAILROAD BONDS—Continued.
TraHl recrlpt*.
Drnr.Ho.V.ScP.-ltt
»»
. 3K
M
Det.B.C.&-AI»-lM..6
108
Tra>t recel»l«
Dot. M.dcM.-I..
Dalalh&
gRH-]U2
l««- «»!4
Dal.H.M.A; All. .1937.
B. Trnn. V.*; U.-1M..7
9
DivlsUnal
0«bmI., Isl. 1936...
IM
Exi.,
8S
ISO
"
M
-87
85
-87
-
84^ S4M- *0
87
-8S
88
-
••
'
39
93%
OOii-
33-36
-Ul
-VHH
-112
lis -11«
10« -106X 1O4M-1C0
-80M
•
"
Bfablie
K«.x.&0.-l.l.«...«l«>
AlabBHia Cent.-lst.tt
80-01
100 -106
107«-107M 107 -107J<
99«102Hi IOlM-102 101 -102
WX-104 101>t-102J< t*M-100
»1 - 96^
aOH
89-98 92>4-99X 98X- 89
124 -124
122K-120
122 -123
191 -1«1K 12114-122
-103
1937....9
(..
E4Ulp. Arlinp., (old..9
iL' Hlrm.-lat.9
90X tan- 92»^
92
«0H- 9Sfi
S»H- 93
90M- 90H
92^
S9 - ViH 81
sen- 87J4 88 - 85M
em-
-108
91«- 91«
91>^ 96
90?^ 93
94
94-94
82-35
34-36
35-38
lOlM-105
-106
104>i-105«
102 -lOSii
93^- 95
125 -126
104H-lceH 107 -108
M
112
Low.Hlsb
97M
965i-100
06
-
89«- S9H 87«- 89«
89>i- 91
3lii- 35
104 -104
37
- 37
104
-105
-
104
123
123«-123)i
107M-108« 107
-107Ji 107
-108
102
-104H
92«- 92« 9(»i-90«
104-
105
- 91X
96 - 96^ 95 - B&H 92M-92J<i 92«-92% 93 - 93
91M- 92M 91«- 91« 91
96X- 96K 96 - 96
106 -109
109 -112
112^112H Ul -112 110 -111« 110 -UO
I0a«-106H 106 -106X 106M-109M 109 -110 no -lUH
««"
««
1
113>^113H,....
106>t408J< 106K-107M 104Ji-10« 105 -V»iilM -106J(S
104 -loe
-101
lOOK-106 lOlH-102 101 -108
BI«.I,«.&BU.S....«
103 -104
103 -103
102K-102)i 101>4-101M 102 -102
-108^
-100
106
101>(J-107>«
98K-100 100
F.-lat..6
Eqail. Cns.
122 -122
120 -121
118 -118
-121 118 -118
118 -118
rie-lu, Kxt.. 1S97..7 mw-isiM 121 -iza iaO«-120« 121
- ....117 -117
-121«
119H-119Ji
llS)i-118«
9 118 -118
34, Exl.,1919
-113
-113
113
111 -118
110 -110
4H lUM-113 iia -118
EV-. 19''23
-119
119 -120
116 -116 |U6 -U7H
116 -115
US -118>4
115 -115
9
4th, Ext., 19-JO
104
103M-104 103)«-103X
-103
102)^-101
102
4 lOOW-lOOM 101 -101 101«-101J«
aik, Exi., 19*28.
-142
138K-139 137)i-138>i 1.37)^139
140H-U1>< 141J^142
7 1S7M-U1 141 -14IM 187 -137% 187M-1S9
lit, eoosal., cold
-140
13flX-136>i
138 -138
M
&
103 -104H
100 -100
.
M,
1st COD. fnndcoap
RcarBao.. 1st
L.anK Dock.
7
112
li«n...«
1893
-112K 112 -112H 112J<-113
7 110K-I13
Cons, sold, 1939. ..6
Ban. N. Y.&E.-lst.7 140M->«1)^
K.Y. L. B.d: W.
Ksw. Ud consol
6
93
jFff<-r»nn
-123
121
-US
142X-142H
S
110
114
-119
112
114
Ul
120
120
-lll5i
-120
-120
143H-143>i 142
143 -145H 142M-143
-lom
106X-107H l0S)i-1045< 102
-1(M
- 91
- 70
94M- »l« 94«- 94«
70-72
73 - 76
.6
9
...
-
....
111
n« -"2
Western UlT-lst... .9
Oa. Co.. N. C.-Col. tr..3
Oa. 8o. Si Fla.— 1st, g.M
Or. Rap.dc Ind.—Gen.9
1st Boar
7
ar.B.WIn.&SuP.-lst.e
coop.
IstM.,
off.
ad,lneome
8
Ban. & St. Jo.-Cons. 6
Ben. BrlilKcC'o.— lBt...e
80-95
94X- 86
-111
-119
92M-94H
06
- 98>i
96
95>s-101
70 - 71
87M- 88
90K- 00%
7S - 80
-24^
-
113M-116
-115
114
-119
-U8
118
118
07H
lOOJi-lOfli^ 106
100
103 -103M
-101>i
97-97
93>«-
03« 03)^ 03H 93H-
BR^
99
»6«- 9bii
19
22
-
20
- 2V.i
19«- 19^
13
945s
-108
120M-122
118
-119
1005^1065^
99 -100
-100)4
9i«- 96M
om
02!^-
-
17M 14
80
- 81
16J^ 18
79
78
-
1'
12m-122
111
-111
120
-124H 122^-126^ 123«-126!1« 124M-125!< IfUyi-lKH 1241^-126
120
-127
125
-127
121
-134
92«-93M
90>i-90)i
95ii- 9bii
-
81
13
-119>^ 119
-
83
- 83
84-84
-83
80H- 81
14H
-
- 10
13
-U9Hi 117
-119
122K-123J4 122M-123>i 123M-123>i 119
110 -110
109«-109H
106J<-10C>i 106?<-10«?i
107J(-10S« 107>^108)« l05X-1055t 106 -imhi l(>4?i-104M ....
12(*i-121
U3H-U8X
-120
80
20
-114
-118
124 -125
122H-122>i 123J^-123
-106
107>i-107K 108 -108 l04X-104)i 106
92%- ObH 94«-101H 99«-101M 103)^109 103V4-106K
75-80
I20M-122M 122M-124
UoBs.d:T.C..-lst,M.I..7 126^-127
M. I.. Trust rec
7 116X-119
-
13
-imi
109Vi-109«
105 -106
115>i-U6)i 115M-U65<
116S4-117
7 126 -126^
126 -128
124 -125H
-134
126 -123
l05«-i05)4
-121
-121
3d. IH. I... trust rec. 8 112 -112>« 118«-1I8)4 116 -118 118 -120 121 -121 Vi
- 7i)«
- 78,-^
Oen. M., Trust rec. ..6 TO -71^ 72 -TflH 76 - 76« 74«- 79X 77«- 7SH
- 95
934- 93H 92^ 96
HI. Cent.-G., 1991. 3H 91}<- 95
95H- 95Ji MH- 95
90-90
91
Resisirred
94
3H
1st Kold, 1991
4 105 -106 106 -109 108M-109 109 -109 losH-no no -110« 107 -108
Gold, 199-2
4 100 -100 101 -101« lOl -101
-1029i l01>i-lC2
10U<-102 101Jfrl(«
SprlDKl. I>iv.,>98... « ... - ...
115 -116
7
113
-lis
119 -124
124
18
11SJC-U5
7 106K-106«
C.Hi.l,.iitN.O.-lst,c.7 118X-119
"fennessee lien
7.... - ...
t^old,
coup
Uold.
rear
9
IIIt., lst,B.,4
9
120«-120«
120
- 95
125M-125TJ 120 -124MS
80 - S'iHS 78k;- aoH
94«-01M M^- 95
109 -100
102!4-103
106)4-108J< 109)^109)i
100 -101
102?i-103
77?^ 83
95
121
llW-117
1IW<-112
111
117
-119
119
-120
118 -120
100
-103
-
ma-liSH
117
112
-112
78
78
65-85
105
-109
102M-104
-111
112
- 80)i(
68-70
71«- 73K
102K-104
101
-101
75
- 75
100
77-77
-100
97«
100 -104M
78J4-76X
97«-101
78-78
101
32)i- 40
86-90
86-88
-
78«-80« 7^-
60
793<- 84J<
l«ke Eriedc W.-lst..9
107
-108
85-88
82M- 8o«
87«- 90>i
93«- 94« 94^-100
...
....
84^
87
•88«
106^-106^ 104
-104>i
90
...
-lOl^S
-104«104 -105H
-
I.ake Hhore Ac M. 8a.CI. I'nIns.iJkAsh
7 I12«-112« 113H-118M
108M-110X
uoM-ui
lllX-113
99 -100
88X-87«
-87H 88W104
ISSH- 73
69 - 70
00 - 70W 60-74
85-86
88)4 88 - 00
-
86«-
87
-104J4 103J<-104
lliX-llSM 110«-112« 112ii-113H 113J<-116
103><!-109
WH
- 691.^
1
107K-110
mi
lOOJ^lOOJi 98
- 89
- 30
lOS -108 102M-103« 100^-103»< 10SJ«-104>« 104 -104« 102 -104
102M-108 104X-107
84 - 7SH 6SX- 67
62-64 esn- 66 02S<- «5K 83 - 70)i 66-08
63H- 67
65-70 66«- 70«
65
65
KM 79-80
l.acl.C:Bs,><t.l...lsl,c.3
117« 114«-U7
- 98
80«- 86«
-101
-112
...
IM Inc., K., 1948
5.... - ...
latem. dk (3t. No.-lsi.e 109 -109H
Conpon, 1909
e 71 - 74>i
Do. trust receipts..
C'ent.-lst,cold..3 79
101
-121
118>i-118)^ 118!^-118H 117K-119
lnd.Dec.A;W.-<J.'47.9 85-85
K.C.WT.^kN.W.-lot.9
KeatuckrC, 1987
4| 71MKluBs Co. El.-lst, A.3 .... •
100H-109H 109J4-10BX
llOM-lieTd
101M-102« 101>i-102
lad. Dec. &: t<prln(.—
Ist, ex funded coup. .7
Do. iruHi receipts
120 -120
78 - 78
96 - 95
119J^-110>ii 118)4 -118K
119M-121
119J<-120
116M-116;< llHM-117
... - ...
115 -115
20
70
113i<-113M 113«-111«
-120
Mcmp.
Dub. «cH.C.-!{dDlT.7
CedarF. &IU..lst...7
Tawa
104K-106
73>«- 74
Tlji- 73
110- 110
109^109>^ llOM-UOW
-107
107 -Wiii
-95H 95M-955S 92^- 92« 82H- 93
99%-100
-115
-123
-112K
117HS-117H
96«- 98M 92
-lOtjK 107
95 - 95J<
111
120
Uonsnl'c-Con.,1937..9 106M-107M
Western DiT
Trust receipts
W. AN. DiT
t03
965«
101
97X- 98
18
-138
104«-105« lOOJ^-lCKH
73>i- 73J«
10a«-102J^
111 -112
111 -111
119 -120
120 -120
-114>^ 115
110
-120 122 -122 1«S -122
-lUH
112 -112
Oal. Il.<kl«anA.-lst..«
iMmorl, 1909
7 08 -lOOK lOOK-lOS
Ist,
137
-ll;^
Flint &: I'. M.-.>lor(...6 181«-1S1W
Istcons., K., 1939. ..9
Ft.W.dcDrnv.C.-lst
102H-103
-li2H
102H-104?< 103«-105>^ 103?<-105
89K- 92
94 -
-118
115 -116
105>i-106Ji
111
6
OaW. n.dcH.oi'83.
118
-110
ET.&:Ind'p.con.,1936.6 .... - .... 106K-109
Et. Sc T. Uante-Con..6 115«-1175< 118«-118^
Vernon-lsl
119«-120
lUM-lllJi 111«-1U« 108><-108«
lll>i-ll2
120 -120
KR.— Ihie.3
KrIcA: I'limb.-Coa...?
Earrka Sprtnss— lMt..6
Bit.
-121
118
-ioa« I0««-103« 101V-104M 103
«
Col. trust, 19-.M
Fand. eoa*.. 1969. 9 69^- 92
lacome
-123
109H109H
110«-112
105H-108
99M
102M-103W 100J4-101X 09 -100!^ 100 -lOlK
9354- 04« 92Vi- 94
93>^ 94>i 94-96
-118
105X-107M 105>i-I08W 107 -108
Loir.IIIlib
-lOl
87 -
SS\4
85H-
111
10<
85-90
-86
«
101
loiH-iniH 100 -101
81«
R.-1>t...a
I.
.ow.niBh [yow.nigb Low.lUgh Low.HIgh Low.HlRh Low.Hipb Low.HIgh
Low.HUrb lx>w.BI«b low.Btili
DrDT.&K.G.W,-l.l..6 81H- 88 <*«-»»»
« nH-r!H ra -BH
AMVBtrd, l.t
Sept'bbb. October.
MAT.
APRIL
JAXUART FIBB'BT. Mabcb.
Bomnt.
U2«-114«
am
- 86
-107
104X-105
90-93
111
91
-113
-
-113
i
Bad. Jk Erie-New. ...7|122M-129
Kal.Ac W.P.-lst....7,10a>i-103
Del. Mon.dcTol
- ..
7J....
I..
*
Khore-DlTldeBd..7
7
1st con., coup
Isi con., rev
3d con., coup
3d con., rec
7
9
7
NnbonluB Coal BR..
Llteli. C.dc
W.-lat, «.e
108
-108
103
-103K
124^-124^
182
-132
120
138«-132X
-IM
122
184
-134
-122 123K 125
125 -125
l26M-127T(i 127M-I29
128 -128M 128 -129
130 -ISO
128H-130
laS -127M 127N-127M|i28 -128 128M-12eM 127
127H]l25H-l25}i
124 -I2SM ISBM-WTM 12TM-127T4 126^-128
128
130V<5l2O -127
1*1 -18S
126 -lie
lSe»-127
126H-127
25?j-l28X 127 -127
107 -10^ I08M-109
lit -Ul
109 -109
112 -1)2
08-98 100 -100 98 -100« 1C0K-100>, 100M-100?«
122
-122
104«-104W lOlM-lOlM 102 -103
119
101«-101?i
.... ..130
.
126
-125
128)i-12«« 126X-127
126)^-126K .... - ...
125 -126
126H-126)i
135 -128
126)4-128X
....
-
-120
....
-180
-122
- ...128 -128
125)< 125M 125^126
127
127 Il26?i-128
-127)^126
-120
103K-103X
....'ll9K-119>ill22
120«-126?<
127
119«-119J« 120
130 -130
jl24H-124«
128H-137H
125«-12«
128
-128
-12a5< 133M-127
07)4- 97)4
124H-125X
122
109
-124)4
-111
Janoary
i8S0
4,
IHE CHRONICLK
J
21
COURSE OF PRICES OF RAILROAD BONDS—Continued.
MARCH.
JANCABY rXBB'RT.
BONDS,
MAT.
APRH,.
JUKI.
adodbt.
JITI.T.
Low.Hlirh Lov.HlRb Low. High liOW.HlRta Low.HlRh Low. Hlsta Low.Hlgta Low. Blab i^w.atrh 1«w.lll(h
lionir THlnnd-lm, '98.
122M-123 138 -123
Ist. coiinol, 1»3I
S 114!<-IUK llMj-llBH 19 -11854
-100
97
09 -100
Gen. mort., lt>3t*.... 4
9«K-t01
103 -103
102 -102
N. Y. <kR.
a
Noy'BBIl.
DBC'BEB
l.<>w.HI|rii
Low.HIgh
-132 123)4-123)4 120 -122
130
-116)4 118)4-116)4 117H-11754 110«-11054
100)4-102)4 100)4-101)4 100)4-101
10054-100)4 98)4- 09
98 -100)4
121)4-123
110)4-119)4,122
-13(«4
115«- 117)4 115)4-117)4 115
•7)4- SB
H
86-35
Income
!2d,
N.Y.II.ifcM.R., lat..3
N. y. liknlan. B., 1st.
Braok.i!kM..lat,'11..3
Aionis. ik
Nashv.— Can.7
N. O. •& Mob-lat
6 lllK-lH
-lis
11»)4-11«)4
120M-I20H
118M-180
7
117)4-119
119
90H-
C—
-
-120
113«-114
»4H
97J<
120)4-121)4 120
111)4-113
117 -118
106
117 -117
11754-118)4 11454-115
116)4-115)4 116
11^4-118)4 118 -118)4 11454-llSM lU -115 lU
110 -110
UOX-UOM
-U7X U7)4-11W
-130)4 11954-13054 116)4-117)4 117
104 -106
106
-105
-116
-114
-106
116 -117)4 117)4-118
106X-107 109 -110
117 -117
116 -115
114 -U454 114)4-115
115)4-116)4
110 -110
106 -107
117 -118
107)4-110
113)4 -U8X
112 -lis
ioo)4-ioe»t
»» - 62
120
-121% 121«-121H 123 -128
lllM-113
113)4-114
105)4-106
98 -98J4 98 -105
»S«- 98H 9e - 9
88 -100J(i 100?<-101X 100M-102H 101)4-105)4
Con., sold, 1916
« 93
I,ou. So.-lst, e.,'17.«
liOBls. N. O. lb T.-lBt.4 87
3d mort.. 1934
3 40
-120)4 ISO
107«-107« 112 -112 112)4-113 113 -118
13X-113X 114M-115 116)4-116)4 117M-:i7« 118 -120
100 -100 100 -105
104)4-106)4 107 -107X 107 -107
6
ad
117 -117
JE. H. <Sk Naiih.-l«t...6 lie -lie
General mort
112X-113X
6 112
PeoiMtcoIa DIt
H
at. LonlH OiT., 'id. ...3
Nash, dt Decatur
7 U9?<-121
Trnst bnndH, l9-i'i...e 109^-118 111X-112H
Ten-Forty, 19a4
6 lOm-lOlM
I
103 -U>3
IM
Cecillan llrancb
Fensac. &: Atl.-I«t..6
30-yr. void, 1937. ...3
Col. trust, K., 1931. ..3
NaBh.FI.&H.,l8t,|[a.3
liOn. N. Alb. &.
lst.«
ST -
101M-108M
-117
I16«-117
94
102
100
-116)4
-105
-125
-114
98)<- 9854 9^-100
-121>4 120 -123
118M-181
120
-102X 9^-102
102
-108
122)4-122)4
112)4-114
10254-104
11154-112M 110)4-112
102 -102
101 -107
106)4-107
106 -107
-105)4 104M-104)4 106)4-107
-102)4102)4-10254 102 -104
10.1)4-106)4
9754- 08
9754- 98)4 98)4-100)4
99T4-100
-118
-110
117
117 -118
117)4-118)4 117
103)4-106
101 -103
102)4-10354 102)4-101
05
-
87X 87X- 87« 85«-85« 88«-86)4
86)4-
86V
-
40
45
46
£..St.I..&T.-lst,it.'17.6
-
8854- 8854
109)4-111
-106
-104)4 104
-104)4 105
-103 102
104J«-10«»<
102)t-104
100 -101)4
97«-98« 9W4-103X
113
114
105
885^
96
9954
0051- 91
90J4
-
- 98)4
110
123 -18S
-11054 100)4-110
10e)4-106X 1O6K-1O0
ia-!)4-ioe
104 -108
103
-106
100)4-102
117)4-119
101 -103
97-9654
96)4-102
90)4-90)4
90
-
101 -104X
102 -low
116 -lis
100 -10»«
100 -108
90)4 90
90
-
-100
06)4- 98)4 9^4-100
99)4-100)4 9954-101
I0eM-108!4 108 -10954 107 -107)4 106)4-106)4|10654-106 106)4-106)4 105)4-106)4 ioi)4-ioex
117 -11754 117)4-120
115 -115)4 11454-115)4114)4-116)4 116 -117
116)4-116)4 115)4-116
108 -108)4 106 -109
106)4-106
111)4 108)4-109)4 107 -107)4 10654-106
106 -106
108)4-110)4 107
mem.ifc Chas.-Uold...6 108)^-102« 102M-103W 103 -104H 104)4-107
116«117« 116 -117
JHetropolltan El.— 1st. .6
2d, 1S99
« loe -109
Olex.Cen.— Mew a8sen.4 aSH- 70
Income, 1911
3 21M- 81M
Mex. Nnt.-lst, 19^7.. 99 -100
Sd Income "A"
6 62«- mi
108 -110
10754-109
70 - 70H 71 - 71
80-80
102
-102H 102 -102
64H-88H
2d income " B"
6 18 - 18
Cent— lat,consol.7 131)i-13S 182 -132^
3 111 111 111K-112M
Coupon, 1931
3 iim-iiix
Registered, 1931
3 lll)i-113
Ollcb.
61)4- «2)«
18)4-
18k 18
132
-133)4 132
112
112
-113
1st, consol...
& Imp.,
Income
g
MichlKan DIv., lgt...6
Asbland DIv., lst....«
Mil. ifc No.— 1st, 1910 .6
1st, onexten., 191 3..
Mlnnenp.tS; St.L.-lst. 7
Iowa Extension
7
2d mort., 1891
7
Southw'st.Ext.— lst.7
99 -103
116 -115
114 -115X lie -lis
l08Ji-109)i
106>i-106« 106'*-10S
90 - 92
90-90
80-80
81
. .
100)4-104
lis
116
-118
-116
93
- 93
81
-
82
60
112><-H4
.« U0>^-113
1st, exten.,
1927
Gen. M., 1938
.
19)4- 19)4
-
120
...
116
.«
6
4 4H<-
43
112«-1135« 113 -113
108 -108
44 -50J« 46 - 49
115 -lie
Moriran'Bl..i&T.-lst..6
1st,
1918...
Hutnal Un. T.
116
116 -U7
116)4-118
110)4-111
10754-108
108)4-109
105)4-107)4
81)4- 81)4
1
- 81
92-92
86-85
- 43
43
-115)4 11154-113
112
121)4-121)4 118 -118)4 120
- 62)4
dfc
lie
-116
115 -115
r
53
-105)4
-
57X 57
50)4- 53
87)4- 90
-
58)4
985«-l01J< 101}<-103
P. Div., lst.6
105
i04!4-ioe
10ej«-107
133 -13&H 135?|S-135«
1st, rear
7iias>i-l35
135)i-135H
Beb., 1884-1904... 111 -111« 112 -113H
Reicistered
re«r„
a
'89.1904..3
106
-106
106
49 - 58)4
-106
112)4-112)4
134
-134
4
7
N.Y.i&N.E.-l8t,1903.«
N.Y.N.H.&ll.-lBt,r«.4
N.Y.
North. -1st, it.3
2d, eold, 1927
4
N.Y.On.dcW.-lat, g..6
Conaol. Ist, 1939... 3
W.Y, Auaq.dtW.lat refund. 1937
3
2d mort., 1937. ...4)4
nidl'dof N. J., lat...e
W. Y.
Tex, l.d.-scrlii
118
85-85
60-60
60)4- 50)4
113
121
-120
-
85
-
..
77)4-77)4 70
... - ....
67
- 70
113)4-113)4 107
-100
-121)4 119)4-119)4 112
-111
-114
-low
102 -106
-eo
-
75
-67
109
113
-114M
sen-
0954-100
99 -100
09
- 99)4
98)4- 99)4
103 -103
58)4- 68)4
95)4- 97
85
-108)4 106
03-68
63)4- 65
- 6554
57)4- 5954
- 59)4
5754-60
9454-96
-
96
93)4-9951
100 -100
-100
96)4- 9654
104
-101
05)4- 70)4
57)4- 02
-107
99
96X sew
101
-104
68)4- 78
61
106
-6B)tf
-lU
1075<-10754
-5854 52)4- 68
72
- 73)4
-106
118)4-120
107 -107
-lie
80-80
53 - 57)4
61)4- 01)4
76 - 75
64
7554- 79
77-78
116 -ll«)4
124 -127
127
126 -126
10054-10054 101
10254-103
133
198 -138)4 135 -135
10554-107)4 107
-107
-68)4
5554- 58
58-60
78-78
118)4-118)4 115
57)4- 59
64 - 01
77 - 77
56
-lis
-
67K
-
7T'
-US
106)4-107)4 106)4-107
-1S6«
-134
-127
123 -126
-102)4 101)4-10254 103 -103)4
13354-1S4
-135
133)4-134
-101)4 10(^4-102
-134)4 131)4-135
lOWi-lOJK
104)4-105
-U7«
117
-105
104)4-106« 10454-106 103)4-103)4
-135)4 133 -134
13254-135)4 133 -l.'Jl
133 -133)4
132)4-133)4 133)4-133)4 132)4-132)4 133 -133
114 -115
115 -115
lUX-112 111)4-111)4 110)4-111)4
-114
111
-lU
-118
114
112
112 -112
112 -112
129 -129)4 126)4-127
131)4-18154
130)4-130)4
125)4-127
129 -129)4 135)4-130
129 -131
ISl -131
129)4-131
104)4-104)4 .... - .... 104)4-104)4
105 -105
105)4-105)4
105 -105
105
-106)4
105)4-107
10654-106)4,10554-106)4
106)4-107
106 -107)4 107)4-108)4 108 -10954
107 -108)4 106 -109)4 106)4-107)4 105)4-10654 105)4-loe)4J10S -106)4 10454-106
10654-107
9254-94)4
02H- 96
9654-98)4 95 - 9754 94 - 96)4 9554- 97
925(-9654 95-97
- W54'.... - ..,
91)4- 04
... - ....[ 91
-117
-Il6)4ill6)(-116)4
lie
118
116)4-117)4
ISO -121
110)4-118
117 -118)4 118)4-121
117)4-117)4
- ..
... - .... 118)4-118)41. .
104 -106
106 -106
135)4-186)4 137)4-137)4
135)4-136)4
113 -114
116 -115)4
113 -113
11254-113
-118)4 116J4-117»4
104)4-10554 105
-135
134
103
-idW
129
-133M
133
110)i-lU
127X-IS7X
126)4-126)^
10^4-107
losK-ioex
94 - 945(
117
-118
111
-lU
1
111« 11114-118
-108H
&
&
11754
116)4-118)4 110)4-120
-110
107 -110)f
|109
106)4-106)4 100 -106)4 106)4-10654 107
96)4-101
-112)4 11254-114
51
122)4-123
106)4-107
10654-107
135)4-136)4 136 -136
135)4-135)4 185 -ISi'A
111)4-112)4 11154-112
Ist, re«r
y 130 -131M .... - .... 133)4-133)4
N. J. June, Int. Ku ,4 104 -104 108)4-103)4 101 -101
West Shore, irnar ..4 102K-106 105)4-106«! 105J4 10654
Reslstered
4 102«-I05« 106 -10654 10554 lOejj
K.Y.Chlc. ifcSt.I,.-lat.4 919<- 91H 94 - 96)4 945^95)4
RcKlstered
10851-110
U9
-119
lOOX-lOCM
112 -112
112 -112
10454-105)4 10354-104 -K 103
.
coup.. ..7
N. Y. Elevated— tat
97
117
-106
N.Y. Central-Ext
3
N.Y. C.<t H.— lst,cp..7
Harlem— 1st,
-
-116
115 -117
116)4-117
109 -110
120)4-120)4
Kew J. South.- Guar..6
Oeb.
-107
106 -106
116
-118
-109)4
;
113)4-114)4 116)4-116)4 114)4-114)4 114
102M-102K 101)4-10«)4 102 -104)4 101)4-103
134 -183
129 -130}^ 131 -131H 133 -xsaH 138)4,134
107>i-llO
-ia»^
128)4-127
110 -UO
112 -113
106)4-106)4
10354-103.54
5754- 64)4 61 - 8354
100
- 72
-126
-130
110)4-112
63M- 63)4
53)4- 555<! 53)4- 60)4
90)4- 94)4 92)4- 97
115)4-115)4
124
-105
-114
9454- 945i 0154- «4« 08S4- 8854 90)4- 9954
101 -108
9854-101
102 -10254 102 -102)4
105
-112
UOM-llS
-123)4 120)4-123J(
-:16
-130)4 129
112
106)4-106)4 106)4-100)4 102)4-103)4
124)4-128
-125)4 124 -125
127 -127)4 122)4-124
121 -124
I235i-126
104
10254-10254 104)4-105 1104)4-105
104 -104)4 103 -103
103)4-10S5t
102)4-104
-104)4 10354-106)4 102 -105
104)4-10554 10454-105)4 103 -1085i
99 -103)4 101J4-104
108)4-103)4 103)4-104)4
106)4-106)4 105
101)4-103)4 100 -108
-S. F. .6 99 -102
Maabv.C.<& Ht.L.-lat. 7
2d, 1901
«
Conaol.ir., 1928
5
Tenn.
7S!
116)4-116)4
130
-lie
1st prel. debent..
St.I..&Ca)ro-Gnnr.4
129)4-131
114 -114
114
113«-114)4 115
7
3
HH
Ohio-New
- ISJi
B3
!
Jfc
18
B5M- S5H
90K- 9lj«
118V-119J< 118)i-120
93>g- 9»H
93JS- 91
Pac. of Mo.-lst, ext..1 97^-101
99)4- 09
98J^- 99
2d. 1891
r 104 -105 104i^ 105 105 -105
Mo. K.&T.-Gen.con.e 54«- 62 6i<4- 59 54 - 56)4
Gen. consol, I 9'.j0
51 - 53)4
3 51«- 57«| 52 Consol., 1904-3-6. ...7 90 - 92^ 90 - 92H 87)4- 91
Han.t&Cent.Mo., I st,7
Tebo it Ni-oshn, l8t.7
Mobile
63-68
1...
109)4-110)4 110)4-111
108 -109)4 109 -109
50
Imp. dc equip., 1922.6
Minn.S.S.M.&At.lst.S
Mo. Pac— 1 at consol
3d, 1906
Trust sold, 1917
- 81
- 63?<
-138)» ^30)4-181)4 131)4-132
lis -113
-112
gl
g. I
- 18
62
112M-112^'>14
Jack.L.&:SiiE.1891.« 106 -105
Mil. L. .Sb.&w.-lgt..6JlI»<-ll»« n9ii-121!^ :2l)4-l2l?4
Conv. deb, 1907
3 MX- »5« 93H- WH 99 -101^
Kxt.
101)4-101)4
60)4- 62
60
-114^ 114
-
52
-115
110
5^
51 110)4-112
107 -108
51)4- 63)4
110)4-112
64-58
11054-11054110)4-110)4'....
110)4-110)4| ... - ....L09
-110)4
53-51
59
65
|lll)4-112)4 112K-1 13)4' 113
-113)4 113)4-118)4
I
52
- 62)4
imt-lUii
-
..
-109
111
-111
53-56
53
111)4-1U54 lllX-112
I
M
- 9694 96 - 9TJ4 97)4- e
-101)4 ici -10354100
98)4- 09^
77)4- 77)4 77)4- 77J4 77 - 7854 7754- 78)4 78)4- 81)4 80)4- 8SM 83
114)4-116)4 115)4-116)4 117 -117J4 114)4-115)4 115)4-115K 117)4-ll7)4'll8
94
1
-101)4!10054-101)4 101
- 83)4{ 81)4- 82
-119)4
7U-
47Kt 48
4S
-101)4 101
103)4100 -108
-101)4 101
81)4- 81)4 80)4-81)4
115
118)4-119)4 115 -116
,
63X-6S54
112 -IISX
06 -90M
-
- ..'•
-11654 11S)4-115X
THE CHRONICLE.
22
[Vol. L.
COURSE OF PRICES OF RAILROAD BONDS—Continukd.
U>w.HI|lti
RaHolk & We»t.-
.
.
Imp. X cxt.. 1934--..6
» H0«-1I0«
Jkdii. itiort., l»'il
.
I16«-116T)i
HBX-llW
in33 0;"« -"*H
Br., rc»...«
I.
Oen..l.Br..l*<l.
lU -lUH 116
03-93
U8K-U7J< llW-lWi
IIOK-IIS
113M-116
3d. 1937.6| »TH-il»H 109!^-106
Orn..u'..l<l.
181«-121« 119^-120
KH-vm
•&: c«'3
Cllooh Vol., 1
•northern PnclflcUen. l»t, land urnnt-.O
100 -100
DIvIiIcihI Hcrlp
8«. Paul Jt So. P«c...« 181 -»**«
Jamt-aU. Val.-lat..6 IM
Rrl.&RrdMr., 1st. .OS-
.
.
-120
ISO -120H 120M-120}< 120
1165<-117
116
-U^ ii&N-iie
.
:
ISOii-lSOii
-U6H
-107
- ••
mi-
118 -120
-H8
llSM-liO
115 -116K 114 -115
10««-105% ;<5H-I08!ii
103 -103
118 -120
1805^121
107 -107
117
9iii
95 -
97H
OT,yi-
mi- 99H
97
9f!H- 97T4
97 - eea
98
97-99
- 98J((
119«-120J« 11^-120« 116Ji-117>^ 116«-117H lUK-116 114 -115
119 -120
110J<-1195<'llO!4-110H iiea-ueu 113.5i-U5
113J4-111M
114 -UBH 114'<-115>^ 114«-ll.'i91 116 -117
113!^11.'-)J^ 1005i-lll
108 -liO
110
107 -110
105
-100>4
io6j^-iorH
l045<-106Ji
107M
103 -103
103 -103
105J<-105>i 106))i 106M
119«-1205<
11»«-120K 120 -120Ji;i20
102
I13>4-lie»4 11694-117)4
118«-116)illl254-115)4
1005<-11254jlll)4-112)4
-102
-108)4
107M-107>i 106 -10^
-109
106)4-107
112i4-llBJ^ 110 -110J4 lOOJi-112
a''-<»i*-^^y 104>ii lOOH 108 -108» 108>4-109Jl 110 -112
llan.. 1.1
Dul.
106)^-107)4
109)^-111
10«i4-106!4 n(m-iioii
Do. I>nk. niT., lst.6 89M-108 102>K-104^ 105 -108
109 -112
no -111 109 -llOJ^ 110)4-111 108 -109
M*. P«c.Ter.Co..l8t.6 103«-106 106J<-105J« 106J<-107 105?|(-108 107M 110
107 -lOOK
107 -107
lU7i<-107}i
Cornr de'AI..Gn.lsl.6
101 -103)4
lOSK-lCB 101«-102k 102 -lOlK 103J<1-1055< 105J<-108>(S 107 -108 107>i-108
N. P. X.Mon., iNt, K..6
103Ji-lC5
103M-10SH
Cent. WaHh., ist. K...U
98«-B85i
<k L. C.-l*t,con...6
- 70
- 74
79)4- 83
eOH- 80M
;2«- T4'4
70«- 74« 70«-72
70M- 79
W.-l«t. .5 M5<Ohio Ind.
- 39
- 46
40 - 50
45
60)4 48 - 50
89-39 40 - 43
2dinort., 1938
3
-120
120
Ind.
W., lat,pf.7 11* -lis 115 -115 lltK-ll'
15 - 16
18X- 17>4 16 - 16
Inrniiir trnftc rec
118 -119
180
-118
116
117Ji-1175i 117)4-118
117M-117«
ma-n-.a
116X-113JJ
11»M-11«
Ok. *: iM.-Con». a. r. .7
Coni>al., 180M
7 1"* -"*>< 111 -116 116 -117« ll'n<i-118 118 -110 iaoM-121 117>i-117« 110J4-118 1175i-11774 1175i-118
-125
122 -122
125
ad.ronaol.. 1911
7 U* "^^ U8«-i:»J( 119 -I20H 118«-U8k 120M-124 124Ji-120
110)^110}^ 112 -112 112 -112
uix-iii« 112 -112
7 10S«-1C6«
lat. Wprtnel. DIT
95V<- »5H 05«- 95J4
193'^. .. S
«.-en.in»rl
100 -100
102 -102
103 -102
108 "108
8poknnr&
Pnl.
.. r..Bi»03«-10S«
103«-109
108 -111
108)4-1105<i
110)4-121
120 -121
101 -102
100 -102
10354-10454
no -110)4
10554-10654
109 -109
105 -105
A
Oc
108 -113
107 -107
105 -107
101)4-104
n.&
-nm
1
.
.
1
106M-109
™
&
-urn
112
108 -106
111 -111
.-S«all>»enl, 1»U8....3
Gea. 1«.
ll^-UO
October. NOV'BER. DBC'BER.
JBirPT'BBH.
Low.IUgh Low.niKh Low. High Low High Low High I,ow nigh Low. High Low.UlglJ
Low.UUli TvOW.HIgh
« UTM-1I8W 11^118
6 112«-1MX
(Jrnrral
Mrw niTer-lM
August.
JU1.T.
MARCH.
BOKDH.
103)4-106
1
80 - 85)4! 80
49-67 51
88)4
6454
i
120
-130
-117X
116)4-117)4
118)4-117
-117)4
122)4-122)4
1U54-112
100 -100
,
OhloKlTerltR.-lst..S
80-80 ....
Uf'urriil, 1937
3 8S - 86
OhloSoothern-lat.... « IW -1WJ4 101«-107 106X-107M 1C7«-107J« 110
3d. Iniomr
6 *««-»?« 48 - 49« 48 - 6114 47 - 49M *8
fipii.. itold, I9-jt
4
«lBaha&8t.
71«-
WM
-16
7454-76
Or. try. Jk>'nv.-l»t...6 »<> -112!< 110«-11I« llOH-111
Connol., 1923
a 102 -104>s|l04)4-105 !l03Ji-105
Orec. Imp. Co.— lat... 6 104)<-106H 102 -I06;« 102 -lOiJi
Orrcron Trnns.— lat ...C lOlM 103M 103 -106 105X-106H
L,.-lBt..4
72
-
loaa-iuH 110 -110>4 110)i-112)4 112 -113)( 112
58
57-6
54)^ 68H 57 - 59
52^ 49 - 68
-112
-11254 111)4-11254
-
-
103)4-106)4 105
101 -105
105 -Vmi 102M-10SH 102 -103J4 103 -104
106Ji-107« 103 -104M lOSSi-lObH 104H-105M 104X-105)4 10454-105)4 101 -106)4 102
W2H-imii
I'cnu.Co.— Ist, cp.. 4X I08%-108h|i08 -lOSH 108^-109
10S«-103?<
RPKl-tered
4k lOe -108
118H-118X 118>4-118>4
PlltD.C «:8f.Ii.-]»t7
7 140 -IJO
3d., 191--i
140
noK-in
-108
109
-111
107Js-108
103
-11051 112
108
118JB-I18)t|.... -
115 -145i<
150
-140
109 -109)4 110)^-110)4 11054-111)4 111
(j
146)4-146)4 145)4-145)4 146
147},S-147H 144)4-144)4
103«-109H 106«-107
Pcnrin&Pek.rn.-lat.W H* "H*
Sdniort., 1921
4«
I'hilu. lo.-lHl, s.f....C
69-69
....
-
107?4-1075i
110)4- 120
ms
•
Pre». ifc Ar. C.-lst. b«
2d, Inc
6
RIclim. dt Alleshnny—
Ixl,
3ft
Drexrl receipts. 7
marl. Drexcl recti
KIcli. «: I>nnv.--Cous..fi
Debenture
Deb. ex. ep
Con.I«l.,Kold,
6
19363
Sicb.dc WestPt.Ter.6
Con.,
Isi, col.
Rome
t.
K
••• -
•
100)^-108
76H- 76
71)4- 75
aoa- 71
106)iS-108
-108
54
- 675<
70
-
-117)4
-
101
-103
-105)4
-
70
70
-102
-104)4
-113
65
90)4-01)4
80 - 8I54
90J4- 9154
8054- 8
89)4- 91)4
7854- 82)4
68Vi- 69>s
54)i- 664*
6454- 865i
52 - 63)4
63)4- 5754
59
51
80X- 82X
- 84
- 94
99 -100
83J<- 85
96 - 96)i
- 6454
- 63)4
89«
8854- 00)4
88)4-
78)4- 79?4
7754- 7954
57)4-
15
6W4 55-68
- 4954
46)4- 18
46 - 46
13X
-117
895<-100
85
103
-103
100)4-100)4
-87)4 86)4- 87)4 8i
83
91-9
-
90 -90)4
60-60
85)4
84
93)4
93)4- 93)4
- 84)4
8354- 84)4
83)4-84)4
83)4-81)4
83 - 8I54
35-8
••••
- •••
- esii
- 30>4
07X- 97K 101 -102H 100 -103
98 - B4
96K- 9754 B8M-103
86 - seji 87
68 - 94M
06 - 99hi 08 - 89^
96}i- 09
66
33
11«
-11854 119 -119
102)((^ 104)4 104 -1045s 1«4
-6054 6654- 8^54
83 - 84^
- 33)4
9034- 91
93)4- 0154
98)4-101)4 101
-103
91)4-
04H
100)4 102Ji
87)4- 69X
67)4- 70)4
68 - t
66)4- 68
30)4- 37)4 30 - 38X
3654 35 - 37
118)4-11054
118)4-110
-116)4 116)4-11654 116)4-110)4 117)4-119
99 - »9J4
-10454
101 -101)4 101 -101)4 90)4-101
-
90)4- 03
89)4- 92
OHH-10254
84)4- 85
88)4- 0054
85 - eau
- 93)4
- 99)4
67)4
-
34)4
10854-109
108J(-10854 109)4-1 00)« 106)4-106)4 107)4-107)4 107)4-107 J4
110
110 -lllJi 108)4-111)4 111)4-112
iKm-ina llOM-112 no -112
108«-107>i 106J4-107>« 10654- 109)« 105 -106)4 105)4-108)4 104)4-105)4 105)4-106)4
40 - 49
40 - 40
88«-88?«
113 -113
105JJ-109}) 108}i-109
86)4- 87)t 85)4- 8U
113)4-114)« 114 -114
....
91
09
-
81)4- 82J4
-112
89)4- 8154
88)4- 08)4
87 -88)4 87
80-80
78
108 -110
-10654 100)4-107
- 8054
108)4-109
102 -10154 109)4-110
32)^- 32)t 102)4-104)4
-110
111)4-111)4
-106)4 no -110)4
- 15
105)4-105)4
18 - 50
-101
100)4-100)4
-117
11-16
82-80
96)^ 99
98)4- 98J4
985i
92)4
S3M- 38
83H-S8H
38
33
26 - 40
1
•78-83
-
27)4- 89
87 - 43
-
108)4 108)4-109
107
107)4-10954
-
80
28
41
98)4-10054
77)4- 70)4
30-32
10654-107)^
-
89
-111
112 -11354
100)4-110
10
-
98)4-100)4
8754-88)4
83)4- eo)t
111 -111
116 -115
108 -109)4 108)4-108)4 118 -112)t 112M^112M
-108
107
106 -106)4
107 -107
40 - 40
4S - 45)4 13-44
10054-10054
114 -114)4 116)4-115)4 116M-118 120 -120
39-40
40 - 44K
69
67 - 70)4 67
3154- 3'
36
-
-111
38 - 89)4
loox-ioe^ 10e)4-10«54 10654-107
7 105 -106«10e -107>« 108 -109 lOa -10854 106
off.
-105
70
00 - 92%
80 - 8254
66!(!-(
67X- 60)4 62J4- 68
51)4- 55
62«- 6o>4 63)4- S7
63 - SS'A 54-64
117
-100
88}<-87)«
U7
13)4-
Belle, d: 80. Ill.-lst.8 °>17 117
Hill. Jk ('nron.-lBt..« 110 -110
Ht. I., ^o., 1st, Kuar..4 83 - 83
*.2d iiinime
.3 ....
3d, 1897
105
104)4-106)4 lo«x-io?)4 100)4-100)4 104
135 -125
108 -108
86 -100
eiJK- 649<
-125
-100
71)4- 72
-104J^ 10454 1045i 102 -102)4
92!4- 94
9354- W5<
92J4- 04
81«- 83?« 81H- 83i< 815<- 84
1"
£c.l,.Arl(.&Tex.-l*t.e 92 - 97
3d. llf.itS
« 35 - S7W
St. LonlH d; Cb.-lst.l; 83M- 24S<
Ht. L..<V- Ironaiu-lst..; lOSJt-llO
72
••••
28-28
....
-
125
104J4-101J4 105)4-105)4 105)4-105)4
116 -117 115)4-115)4 11654-110)4
104
68«- 68>t
18«- 19>i
-
146)4-146(4
-193
-108
lis
-
3
Dividend bonds
«
Ch.«i. .d; l'nd.,li.t..'5
• CCPPOD
109 -109
- 74
62
63-66
28 - 31J4 29
30 - 32)4
-115« 115M-116 118 -11654 11754-11751;
68 -61?^
VV.d.-<iv.-1at...7 107X-106Ji
Con., lat, extended... 3 108M-110M
Hi. Jna.iVti'dUI.-lst.U 104 -106H
3d, income
3 49 -49
Knn.t. &- Om., lat..S 87X- 89
et. L. Alt.d:T.H.-lat.7 112W-1U
3d. prri
j 110 -110
3d, income
9 t04;t-104)^
I
92W- 93Js
83«SOU- 84H
67«- 72
71J4- 76
68 - 60>«
-110
70
111)4-111 J4
110 -140
123
-105
-117
-114
104^1M«(
•
& Rcnd.-GcD.4
8S«- e4
iHt pi-c(. Inc., 1958. .3 ^IK- 94K
Sdpref. Inc., 19.58....5 77«3d prof. Inc.. 1938.. ..3 0956- 62!<
3d prt'l. inc., conv....3 59«- 61H
Deferred Income
« 16X- 18»i
Pltl».CI.4rTol.-lgt...G
PIttsb. !llcK.d:T.-lst.« .... - ••
Pltl».Pnin.&P.— 1st B.5 94-06
TJttsb. &: West.-lst..4 76«- 80M
Plilln.
114
69-70
-111)4 11054-11054
-116
-140
WH
113 -113)4
102 -104
101)4-108)4
-105)4
103 -101)4
-101
111)4-114)4 11454-14154
100
102«-103
66)4- 66)4
75 - 76
-118
ppoi.i.»'c;ji-»-.,tiii.'id.e
kviiiiKV. l>lv., 1st
57-60
1005^-110
118
-150
-1««
75 -
108 -109)4
50
-
-112
...
CleT.dc P.-Con».B.fd.» l23)i-128Ji 129 -128% 129 -no'^ 129^129% 126)s-127
4lU, 1S9H
e lOS -105 lOSW-lOO 106H-I06k 108)^-10ll>4 107 -KTiH
115 -115
118 •118
115
119 -110J4
St. I..V.dt T. H.-lBt.7
UO -110 110 110
3d, En., 1898
7 112 iia
Pro. |)pr..fcETnii.-lg|.li •••• - ••• 104H-104M
3d, 19-J7
3 66-70 70
57
78«- 8O94 77>4- 78
77M- 77M 77)4- 77)4 75)4- 76)4 75 - 78
74 - 76M 76 - 79
110«-111M 1105^-113 113«-11EM 111 -112)4 112)i-113)i 113 -113)4 112)4-113)^ 112)4-113)4
104H-105 105 -10554 103)^-105 101)4-1055i 104)4-105)4 104)4-105 105)4-106 105)4-106
PennsylTanla RR.—
l»lrr«.Ft.\V.&C.-l«t.7 142 -142
3d., 19ia
» 140 -14 IH 145 -145
60)4
105
-105
40
•79)4- 8254 •77)4- 80
27-29
-10954 105)4-106
-110
108)4-110
27-28
•78
- 81)4 •8154- 87)4 •86)4- 8»)4
27 - 2954 29 - 31)4
15 - 15
108 -106)4 106)4-107
108)4109)4 110 -UO
26)4- so
10654-106)4
10C54-107
105)4-106)4 100)4-108
Jajtoahy
THE CHRONICLE.
4, leflO J
23
COURSE OF PRICES OF RAILROAD BONDS—Concluded.
HAT.
BONDS.
Br.r I05M-1M
Cairo <tc Pultan-lRt..7 103 -103
Cniro Ark. iV: Texas. 9 104K-IOB
106
Mt.l..Jb I .Itl.-Ark.
—
MM
ClauB
ClamC
EqiilDinent
<Scnoral inort
llBM-117
117«-118
117 -118
(J
General mort
5
tat, Trust, 1987.
8t.P. &D.-Sd,1917...'J
Ht.P.IM..&>[-liitl<l09.7
Dakota
1909
6
Extension....
Ist* consol.,
AvauBT. Skpt'bku.i Octubkb. NOT'BKB OBC'BIB.
coup
6
Reduced to
4ii
Collal. trnst, 1S9S....'S
niontnna Ext.. 1st. ..4
DIontana Cent., 1st. 6
107 -108)^1 IMM-104)tI04}<-105
I03M-103^;102M-I04)i 104M-I0eH 101^-103^ 10254-103
- .... 108 -103
-104
10-1
10254-103^
- 86M 8B - 86J4 84«- 80)4 »»)4- 86)4
119 -121
118 -118
118 -118
120 -121
11«M-11^1I8 -118^ 120 -120 118 -119
119 -121
118)4-118
118 -118
118 -118 118 -118
-104
-loe^ 107 -107 !....
am- 83^ 84
83K- SB
eSfi- 00
6 115X-117
7 106 -106
6
morlE.,
Jdlt.
106W-107« 107 -108
-107
10i»i-108S< 113
104
104 -106
Gen.coiiMol. ik I. k
^ 81 St. I... ScH. V.-fld, cl.A.« 11« -116
'id
Jvsa.
Low.HIgh Low.HlKh Low.HIgh Low.HlKb Low.HlKb Low.Ulsh Low.HIgh Low. High Low.HIgh Low.HIgh Low.HIgh Low.lllch
118
118
110
-118
-118
-119
..
119
-1205^119 -121
lOHi-103 102«-104
108M-107 |lO(lK-106«
09 - OBii VOH- miil 90H- 99X VH- 97M 97K- 98
tos^-ioiM lOB -106 |106 -1<'6J< 104K-104M ir)4«-106M
114 -114
112 -118 [U2)i-118 |1I3 -114
118 -118
118 -118
u8»<-iai
118?«-120K 12(i9j-181« 120«-121
119 -119^ 119 -122
118 -119
120 -120
118)i-118M
118
115«-117 116 -120 117X-118
-1193i
98J<-100
100 -lOOK 100 -lOOH lOOK-101 1103 -103
97-98 i);ji- 99J<
97 - »8« 06X- 07« 97-83
88«- 87
88-90 88 - 89^ 87H- 00 puh109 -110 110«-113« 11^-115J< 115X-H5J4 UGM-Ila
am
I
121
118 -118
-121
10<^-1C8
99 - £9H
104M-100
120
118
103)4-10f.5< 104
99)4- 09)4
-09)4
10554-106
106«-106 106
119H-120
I80)4-I21M 118>4-118!« 11854-118)4 llBM-120
103 -103M 101 -101)4
101)4-101)4 101 -101)4 100)4-101
99^-100
09)4-100)4 98)4- 90)4 90)4- 0l«4 99M-100)4 100 -101)4 101 -lOlJfi
8»><- aOH 88 - 89H 86«- 88)4 86)4- 88
88-89 88 - 8854 85-87
11354-116
115)<-110
116 -11654 116)4-115)4 116)4-116)4 115)4-lie
88-88 85-83 78-83
80-87)4 86)4- 89X 86 - 8H)4
85-87 81-86 8254- 8954 88 - 90^ 89)4- 01)4 86 - 89)4
88
102^-103
100)4-101
95-96
94>4- 95)4
S8M- 40
38
- eoii
-
US
80
-
68H
55J<-
6H'....
-
...
8-10
56«
5K-
114H-114;ii
55
30)4- 37
•99 -100)4 •91
•96 - DSH
- 6B!< 52)4- 57
57
9-9
-
7-7)4
95 - 05i4
95
-
96X
i
106
40)4- 45
44
- 99)4 •95J4-101
•94-90
•94
57-60
61
- 06)4
-118)4
98X-102
-100
100
57-60
6-7
118
116)4-117)4 117)4-118
115K-116M
-107
37-41
118
Tol.A.A.<fcG.T.-lst..«
Tol.A.A.dkMt.P.-lst.O
Tol.Jfc Ohio Cent.-lst.S
T.P.dkW.-lst, 1917.
Tol.St.Ii.&K.C.-lst.e
ITnion Pnc.-lst, 1896.
103
7-7
6)4- 7
114)4-115)4 113 -113)4
99)4-100)4 101 -101)4 101)4-102M
108)4-109
109)4-109), 109)4-110
69 -102
-104
8i«-89?| 8V434
- 37
92)^
35-40
91 .H
- 91
91
8854-89%
am
102
-107X107
100
3654- 39)4 3S - 37)4
3!-5i-101
103 -106
103!4-10fl)4
104
-lOlX 104 -11 OX 108 -110 103
-107Ji
IDS -100« 109)4-120
113
-lOO.li 106H-1O8
113 -U6
92 - 96}^ 971^-101
I05K-107
107
-102J< 108
101
77
103)4-104)4 101)^-102
70 - 82)6
7
101)4-102)4 102
118)4 -llO-Ji 115
-
79
-102
10354-105X 104)4-106
-108
-113
91
- 02)4
35M-S9X
38)4- 38
104
-1055t 104
100)4-108
100)4-107)* 103
112 -114X
111
-lOTK
-lis
I11X-111J4
-102
102)4-105)4
102
-102)4 102)4-103
101
- 78
77)4- 78X 77
-102)4 101
77-78
- 78
10254-103)4 102)4-103k
-10254 102'i-103
-117)4 114)4-115)4 115 -115)4 113 -114
117 -118J4 118)4-118)( 11554-118
116)4-11654 115X-118
117)4-118
117 -118)4 117 -117)«
118J<-120)4 11754-120
78
114
120
-121
-114X 114)4-115)4 115 -115)4 115 -11(94
U5)4-U5X
.5
90
-114
At. Col. .t
1C3
-103
-lUH
111
Pac— 1st..
At.J.C.*: \Vest-l8t.6
Oreg. Sh. Line— lsl...6
Utah Sonth'n-Gen
110)4-110)4
lllM-111)^
-IWX
112)4-112)4 110)4-110)4
93)4-
111«-H3
82 - 87^ 88)^- 83
88-90
105 -105
87)4- 90
87)4- f85<
91)i- 91M 90
105
103 -105
- 90)4
87)4- 88)4
00 - 91
88k- 87
87)4
90)4
88>4-00)4
st'pil
Deb. inc..^t93»,
§.
100
-103X 101)4-103)4101
- 01
89X-89)4 88
103 -103)4 103
-104
40)4- 42
93
92)4- 94
115
87
em-
04
^t. Lonls Division....?
2d, ext., Irnst rcc
7
87-83
Ill.iSk»^.I.,iHtTr.rcc
37 - 37
94
114 -114
93)4- 91)4
88)4- 90)4
18
97 - 98)4 100)^-1025} 10i)4-1025I
87-90
90)4-100)(i
87)4- 89
gSM-lOOH 08M-
9^)i-100
100
-103
-bsk
10054-102)4 100)4108"
81
-81K
10
9154
88 -100),
97)S- 90)4
- 95
86-88)4
-102
101
-10?)4 10214-103
109)4-103)4
- 97
08)4-100
100 -102)4 101 -102
100
100 -102)4 102)4-10«Ji ....
-100
103
101
-102-4
101)4-101)4
....Il0l)4-I0i)4 103
HI -112 112 -112 111}4-111)4|.... - .... 111
97
90
97
'
104
98)4-101
100)4-101
997^-101
115M-117
93
6
I02)ti-101
60 - .«
103 -103)4 103)4-103)4
100)4-102
10S)4-102J4 102)4-101
103
- 10
9il).J
St.Ii.K.C.A;X.-KI.E.7
113 -114)4 110 -111
North. Mo.— l8t
7 113X-113M nau-nmi tl3M-114)4 I14«-ll«j 116 -lie
...lll2)i-113X
Warren-2d, lilOO
121 -191
123 -123
7
•IIW.N.Y. A- Pcnn.-l8t.5i 85^- 98*( 9654-100 98X- 99)4 93)4-101 98 -101 90X-100)4 MH- 98
2dM.. g., l!l27....3-.'5 31)?i- 40J< 4054- 44 40 - 41^ 39)4- 40 3854- 39 87 - 38)4 ;u - 37
West. I7n. Tel .-Coup.. 118 -117
117)4-U8
Collateral trnst
3 9SH-i02H 10OJ4-103 101)4-102)4 102X-105 104)4-105)4105 -106 102)4-104
-101)4 104
-104
102
-102
102)4-103
103)4- li'8)4 105
Ist, a-li
5
85-86
-lis
94 - 95
BOJ(- 90Ji
Wheel. &l,nku E.-lst.3
-US
-116
-102
-115
93)4- 96)4
£<juipmeut
7
- E8
85 - SO
Cons., couv., fi". rec..7
Gt. Western— Ist
7 IIOM-IIOH
Trnst receipts
7 eo - 91
87-91
2d, 189.1, tr.rec... 7 68 - 83
tr. roc.
mn
45 - 45
44 - 45)4 48 - 50)4 SO - 51)4 50Me6)4-101?4 100 -10254 102)4-10274 101)4-103
103)4-104
10154-lOt
103)4-103)4
121)4-128
-117)6 118)4-118)4 118M-125
127 -188 127 -127)4 127)4-12854 139 -129«
- 87
88-88)4 83 - 02)4 07 - 98)4 98 -100)4
100 -lOOX l()054-101.>i 100 -100)4
116 -118)4
114 -114
- 93
100 -10254 103)4-103
94 - 95)4 97 -100
102)4-103)4 102)4-103)4 103)4-10354
37',!.
ext'd.7 lll«-lim
7
-114)4
80J4- fan
50 - $3
rec.6 113J)i-118
Wab'8h,1009 Ir.rec7 88 - 87
7
115
88-87
91
81)4- 8354
tr.
recei|it8
02-92
- 8954
& Pac.
Trust receipts
-114)4
-114)4
05-97)4
89
B.U
Gen. mart., tr. rcc .. 6 37HChicago DIv., tr. rec.3 88Ji-
CoupoD^otl.
87-89
113
-105
Wabnsh-lst, g, 1 9.19.3
2d mort., golil, 1939.3
Do Feb.'90coHp
00)4
108)4-109K
111
11354-114X 113 -114 113
115 -118 118)4-116)4 lis
112)4-113X 113)4-115 |ll8
115 -115
81
Gen., Kuar.stamp'-d.'S
Tollcy Ilr. ol 0.-Con.«
•
93-03
03X
11454-115X 112 -113 113 -114
115 -118
114 -115 111)4-112X 113 -114
101 -101
101)4-101)4
XorIh'n-l8t..7
Va. I»Iid.-Geu.,1936..3 18H-
-
110)4-1 10)( 111)4-1U)4
112)4-112)4 no -110
111 -111)4
111)4-112)4
-no^i 110«-110>^
-116H 114J^-114^ U5)i-115)i 112)4-115 114)4 114)4 115 -115 115 -115 116)4-115)4 11654-117)4 lis -113)4
113i£-114)< 114X-117
113)4-116)^ 1145i-ll.'5)4 115 -116)4 115 -115X 115J4-118)4 118 -117
113)4-114),
-115M
88 -100
lOO -102
00-97 93-90 93-93 93-97 95 - 95)4
-102
9B - 03
90H- 98
11154-114)4 113)4-114)4 114)4 115)4
-112!i
-104
114 -115
103H-104 104 -115 115 -115
100 -110 110 -111J4 111 -11154 111 -1125J
-lOSJi 100 -100
B«)4-1005<
4- 99)4 "8 - 93)4
100)4-10054
05H- 96M 97 -asii
112
..7 104
7 100
Ext'n, Ist, 1909
Un.Pnc.L.A:Coi.,l8t,3
Wis. Cent. Co.,
Income. 19:t»
78X
-119
114
112
Qnin. &. Tol.,
-
10254-103)4 100)4-100)4
102Ji-102J.(
119
110
115
114
101
Trust
-10?)4
-118
7
Knn.Pac.-lst, 1893.6
1st, 1896
6
Denv. Div.—A8s'd...6
Ist, consol
6
Tol.&W.-l8t,
-104)4
10;i)4-105
120)4-121)4 119
6
6
Detroit niv..
80-81
11«?4-n7J4 11794-11754 117)4-1175(, 118
-\20}4 120 -120M 116Ji-1105i 118)4-117
S
116J4-n8J4..
.8 1195^-119« 120 -120X 116 -116
108)4-106)4
106 -106
6 ;05«-106«
6
St. r.onis
-106
106
110)4-110)4 110)4-110),
89-54- 9154 90)4- 91)4 89)4-91),
35J4-3854 37)4- 3854 38 - 37)1
101
-108
-103 102H-1027« 102 -102)4 10i)4-103)«
78 - 80
75 - 76
75M- 75« 74 - 78
76K- 76
99 -103^ 103 -104 1035^-103
112« - 96
95 -100
111?<-113« 113 -118?< U3},-114M 113 -115«IU8 -1165<
lis -114
113H-113«( 114>i-n4-5< 116)4-n6M|l16-5(i-117
n3!^-ii5j« 115 -116X 115 -115?( 115)4-117J< 1173i-118J«
117H-tl7)i 11854-119
115 -118
116 -U6H 117 -118
101
104X-104)i 10454-1<'454 103
1001^-lOlM 102H-102« 102>i-102)i
Collateral trust. ...4J«
Wab.
-•oe
68 - 58)4 56)4- 5654
112)4-113)4 113 -11354
114 -114
114 -U5
lie -117
115)4-116)4
119)4-119)4 11954-119)4 118)4-1195( 118)4-118)4
1897
1898
1899
iV-
-4»«
-116
-109
100)i-101
Itab
-116
'
1917.6
Tol.A.A.&lV.M.,lst.6
I.nud grnnts
Sinking fund
Registered
Collateral Trust
CollaternI Trust
53
114«-ll*>e 115^-116
I'ncinc-lst...6
1st, gold, 2000
5 8i«- 91H SBH- 91
3d, Kf, inc.. 2000
S 36 - SBii 86H- 39
1st,
1st,
Ist,
-
10054-10054 100)4-100)4
94)4- 91)4 100
106 -1064) 106 -107X 106)^-107
100 -10654 107 -108
107X-108S< 104)4-100
108>)i 107
106«-107M tO7«-108>^ 07«-108K; 107J1-108HJ 107>.i-107X 107>i-108 106)4-105J4 100)4-107 107)4-108)4 108)4-1095, 109)4-110 109)4-U0)4
f4
9454DIM93
06
05)4- 9554 9594- 00)§ 95)4- 96)f 95)4- 88)4 96 -»7H
89
g5H-ioo
95W
89Ji 89J^- 97
04!i- 94H.
94-97 94)4- 06 05 - 98)4 97 -985* 99 -100 100 -100..
93 - 99
9eH- 98M 97-99
89 - 90y 90H- 97
97}^ BS
45-45 45-50
50-60
60 - 50
50-60
45M- 46Ji
50-60 49-49
45 - 45
49 - 49
45«- 45«
109
A.A.&C,
90
50
I
- 385i
105^-106
Tcx.dkN.O.-lst,1903.7
Sabine Div., ist
6 103«-104
Tol.
90-91
93-93
- se
-103
-117
-119)4 117)4-117)4 117 -118)i
-181
115>4-U8)4 116)4-117
118)4-119)4 11754-118X 117 -118
-120
I
96
55
90)4-92)4
102>4.102>4 102
117 -117
-OH
I
South Carolina— 1st... 6 90-95
3d, 1931
6 47 - 68
Incomes
q
go. Pac Cal— 1st
6 114 -114
1st coBol., 193S
3
OIH-OIH
-106
113)4-113)4 114)4-114)4 114)4-114)4 117
121 -121
122)4-122)4 117
12154-122
180 -121
121 -121)4121
121 -121
80-8
... "...
80 - 88
1928
e 8-«- 88)ii 88M- OOJt 86 - 88H fOH- S8W 88Hf- 91
!*.Fran.<& N.P.-l «f,ij..5
87}<- 89
Shea. Val.— 1st, Tr.rpc.7 90 - 91
92 - 96
92 - 92H 88-8
Gen. mort., Tr. rec..6 81 - 33
31 - SIH 31 - 38)i 39-40
33^- 34
Texas iK;
*
I
118)4-118)4.118)4-118)4114 -114
111 -113
119 -119 116 -115)4 lU -113
118)4-118)4 118)4-119
116)4-116)4 112X-11«<
10554-106)4
....106 -106
-118
U9 -120 11654-116)4118 -118)4 112 -112)4
-10454 104 -101
102 -102 100)4 108)4
I
106X-106H
117 -118
104?<-108
iiJHi-nsx 11(^-117
SanA.i&Ar.P.,1916..6
So. Pac., Ariz., 1st. ...6
So. Pac, N. Mex.— lar.6
Tenn.C.ifc I.— Tenn. D.6
Bir. Div..l8t
.6
Tex. C.-lst,s.f.,1909.7
l»t, 1911
r
.... - .... lOa -107
10654-107
106)4-100
102)4-103
102 -10254 108 -lOS
108)4-106
103)4-104)4104 -105 1105)4-106)4 lot -UKX
87)4- 90
" »*»< 84 -WOi
85)4- 87)4
- KSVil
r>7
90
-103
103.!4-103)4
-lllX
100 -110
115 -113)4117 -U7
00-07
05)4- 97
Xiii- 34)4
3,3)1-
35
33)4- 34
101)4-103
-110
I
1033<-1035{
-102)4 102! (-102).
-103)4 102 -102
05)^- 98
-109)4| 109
0.'>5i-
"S
103)4-103!.
96
110)4-111
1115S-111J4
116)4-110i« 110 -118
9154- 90
20
115
-
31X
10254-103)4 102!4-103!4 103T4-104
108 -10:>)4'l05 -105
9054 97 - 97X' 90X- 08
105
91)4-
39
96X
gOM
-115
103
-101
-105X lOlXlOBK
97)4-
08X
!»'«- 99)4
rs
- fiOl4
THE CHRONKJLE.
24
\you
QUOTATIONS OF STEIILING EXCHANGE FOR EVERY DAY IN THE YEAR
Lk
1889.
[Compiled from the quotatlona of leading bankers.]
Mnrcti.
JtnnirT.
ot
Mod. aO
80 0. c^Uht.
4 87 4 •tUii
4 ot»«
4 87
i-Xtihi
<I.
H..liil»j.
I....
October.
60 d. gliiht.
4 88ti
4 84
8J4-90
8.
4
4 H»'
9^-UU
9J4--BO
9K-U0
9^-90
VH-VO
88>J-7 4 8»
-7 4 so!
7 4
4 8M'
8SX
4 81
4
4 81
4 8«!
8.
ma
10.
<tl7
n.
4 87
8.
Blilh 4 87 4 (9^ 4 87 4SiH» 4 87 4
4 86» 4
Low. 4 84M 4 8U 4 88M 4 bO
85M
4
89H
4 89
8.
4
tesii 4
4 83»« 4 88
8B.5]
tHii6 8Sii-»
85-5W 4 88
8o-5>l 4 88
a.
81^5
488
485
90
SAM
rri8^
4 89>J
4 87
4
4S5H 4 88
85H4 88
4 85^4 88
-90
4 88V^
4 8eSJ 4 8UU
4 86>4 4 88«
487
4 87
4 88
85M 4 88
86>| 4S8
4
9)<-90
xm
S.-iVi
4
8.
9)i-90
9i^-90
9!^-90
s.
4
..4 89
4
4
4 85>i 4 88
«•
-"
4
8.
i itH
4
4 80H 4 8«!»
4 S8i4 4 HUy
t unlit m;
4 mu, 4 HU!
4 BrtSi 4
(
-9
«>^-90
9)^-80
»>i-90
»Si-90
9i«-90
u;^-uo
4
d. SlKht.
4 ««
Hl'/i-'i
8i>4-a 85^e-6<
S.
!.
flO
MUj-l 88-8!^ 81H-2 4 88
8.
4 S:^ 4 8S
8)-8^ 4 88 8m-2 4 80
Uollday.
8iH-a 4 wi
S.
8BH-7
b«U-;
4
November.
June.
60 d. Hieht.
4
84W-5 4
~
88:
4 84}^ 4 8S}i
S.
S4-4H 87-7W 4 84H4 88^
m-4ii 87-7« 4 84)J 88^9
-90
4 84'^ 8'Vi-« 4 84Mi eiai-9
4 84)^4 88
a.
4 84J^ 4 8S)< 4 84}^ 88^-9
4 84)4 4 88>4
89«
89^
4 89« 4 88
4 88 4
4 85«4
9!^-e0 4 88
«!?-90 4 87« 4 80
SBH
87W
4 86
4 84
88^ 4 85^ 4 89
4 84}i < 88H
4
4 87
M
4 83
4 81^ 4
4 85^4 80 4 84
4 84
4 88^ 4 82
4 81)4 4 81
4 81
COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS STOCKS FOR THE YEAR
all sales of Stootis at
[Compiled from
tbe
New York Stook Exchange.]
Jnira.
jAKrABYl niBK'BT.
STOCKS.
Low.Hlgta Low.Hliih
f.OW.HlKb Low.HlRli Low. High Low. Hi«b Low. High Low. High Low. High Low. High Low. High
RAILROAD.
'jUbaoy A:rSai(quehRnna
lS4i4-156
Atchiiton Top. <<t 8. Fe..
AilanilcaSc PnciOc
BaHi.& N.Y. Alr-L., pri
Bafl. Rocta.& Pictab....
47%- 68
Pret
Bar. C. Rap.
Canadian
TO- SM
& Nonh...
Pacific
160 -160
tiH 40k7«- 8)4 OH-
BO
-
-103
102)^106
80-80
80-80
101
52)4- 63)4
2
IBX 14 »4«-98H »2K14
-
8)4
6)4-
18J(
19
-
104)4-106
105
86?<-
88X 84H- tan
20
20
-
-
20
6!^
57
53
55k
20
52-56
-
5X- 6)t
104X-104X
83)4- 84
21 - 21
65 - 67
X51)4- 54X
a\%
17%
66)4- HI
Prel
975<
83 - 36)4
48 - 49
Paal M. dc
- 21
25-30
- 63)4
64
51k-63J4
96M-100J1
14
- 15)4
139X-I41K xt36.Ul;
90 -100^ 89)4- 90:
16)4- 195«
lV>i- 18J4'
86)4- 42»,
85
80«- 34Hi 31X-
O...
38)4
- 4I)4J
30)4-
38X
98k
&
94K-
97)4
- 36)4
- 46
34
46
deTc. Col. CIn. Sc Ind. 66H- 68 63 - 74^
- 73k
"OleTe, Si Pitta., (Bar.... 1&6 -1B7K 16^4-157 166 -167)4
Celambla Si UrecDT., pi,
20 - 29)4 28k- 26k
-Cal. Hock. Val. 0: Tol
26 - 28)4 23)4- 26k
.
DanbnrT
Si Norwalk..
-Del. l.aek. Sc Weatem
78X
77-77
20-20
72 - 76
71X 68X- 74
50X 5S94- 67%
68)4-
63 - 66)4 53)4-
3-3
116)4-126%
I
-34
16)4-
27%
03-67
64-6
- 66)4
82
«-75)4 «6X-
65
71)4
e9X- 74X
I3»)4-144}4 140)4-I4ii»< 136)4-141)4
18)4- 17)4 18)4- 17)4 15)4- 17
Prel
42)4-46
Si Rto Gr. Weat. 11)4-18)4
Dear. Tex. dc Ft.
16-20
....
DeaM. dc Ft. D
7J#- 7H
W
Pref.
'Saut Tenn. Ta. dc Ga....
lat pref.
MH
,
Bllzabetbt.I.ez. dc B. S.
BvanavllletV T. Haute
.Mar,, pi..
Si Denver,
«<-
42)4- 44)4
13)4- 1S5C
18 - 24M
IH-
38)4- 87
80)4- 34
1
94k 92 -lOOX
-
91
106
-109
-100)4 106
k
)fr
-
H-
84
97
- 365*
-
k
H- lk
IM-
30)4- 34)4
99k 92
108)4-113)1,
lk
8),
-
95
111)4-118X
1-2
2-3
58)4- 69
-100)4
78)4
eVx-re'l 67)4-71%
xlll -117)4 111 -114 tll2%-ll*%
110 -114% Xl08%-13% 10^-112
140k-142% 142 -143k 140)4-142k
1-1)4
2-3
1-2%
2X71k-
-
2)4
2)4-
4%-
4)4
3k-
2
4
76)4
2%
4X
96)4- 99%
14)4- 17
37
32
-
46X
34%
95%- 99k
-
2)44)4-
2%
4%
67X- 74%
71%- 78% 66)4- 76
68%- 77)4
96 -100
99 -103X 100 -102X 98k lOOX 96k- 99)4
67 -70J4 68 - 71k
69J4- 73k 70 - 6
66 -168
160 -160
160)4-161
160X-161X 160
26-26
28 - 28)4 25 - 25
16 - 24)4 16 - 19)4 1»4- 1854 II
15)t
-160
167
168 -159k 156
-160
18)4
16)4-
-156
157
-167
30-30
25-26
19%
16)4-
18X
42)4- 44)4
18)4- «>
18)4-
S2
xl84»*S7k 137 -144)4 14i»(-148k Xl42)448)4 143%-147X 146X-151 X140-148
16)4- 17
17%- 17%; 17H- 18X! 17 - 17
16J4- 17)4 10%- 17k 16)4- 18
42)4- 47
48
- 48)4
1«X- 16X 13 - 1«
«Wi-2Sk 22k- 25)«
7k
Teaaa Cent,
^4
«
-
9k
88-67
67 - lOfi
21)4-
22)4-
6 -
28X
2Sk
»?«
9 - «« 9X65-70)4 68k- 69 70 20)4- 88)4 20-22)4 21X8)4-
10)4- 15
86
-W4 91-96
90)420 -
ereen Bay WiD.&St.P. 4M-
p, c
74% 68X-
06X-102% 06X-100k
14 - 16% 14)4- 1«X
34X- 38k 88 - 39)4
32M- 35
34
sa'A 32)4- 35
32)4- 35
95 - 98X
04)4-100M 100 -101)4 95 -lOOX
6k
47X-60
45
-
16-16
24-26)4 20X-
47k
45)4-
24
15%- 18X1 15)4- 16k
26 - 33)4
23X- 29
7%- 7%j 6 -
6
««4
SIM
96-96
7)4
6)4-
7k
93)4- 9?
03 - 93)4
95k6)4-
7
6)4-
230 -240 246 -iSiH x260)4-62)4
18 - 18)4 12 - 13
10 - 12
8
118 -llOM 106 -116
I08)4-llO)4ll0V
96)4-96)4
94
-
96)4
9««4-
97k
....
•
10)4
-i)4
14
26
- 14
93
-
1(B<-11
7W- 76X
24X- «6X
S4k »4%- 9B
96k 98-98
7
IIX
U8k
6
-
7X
6X-
250)4-250)4 250
8 - 11)4
10%
73X
24X
3X-
6X
0)4-
17
-
22X
19 -
an
8)4-
Sk
-117X 114)4-117X 111)4-116
97 -
99k
98-9
9%- lOX
70
i
j
19
10
- 21
-
|....
ll%j 10
ll34k-40%
17X 14k- 16%
SIX 48 - 49%
19k 18k- 19k
40k 31 - 37%
130)4-143)«
16
50
16
-
-
:iO%-
6
-
7X
6
-
7%
-
10%
-
70
-
- 11
ok- 10%
69 - 76
- 73
- 22
22%- 24X 20% 23k ZIX- 23X
17)4- 19% 18k- 24
14%- 15)4 16k- 18
98
96)493-95 tf2k93k- 98
x92k- 03k 95 - 95
93)4-93%
92X- 95k
-254X 250 -250
9-12
114
20)4-
70
50)4-
62%
48)4-
15
23)4
« - «
52k
46X
,
Vdprel
72)4-
I00k-x05k 106)4-117 110 -116 105 -111), 110 -115% 113X-118
103)4-107
ioek-ii3k Xl08)4-114 104k-109)4 108)4-113 112)4-114%
136 -139
Xl39!4-43)i 140 -141
UOk-144 xl41X-14)4
138J4-143
101 -104)4
90 - 94M 93)4-101)4 96)4-100)4 91)4- 05k 95)4-101
U«- 16)4
16)4- 17)4 IBk- 18
16 - 15
14X30 - 39%
35k- 8»k 88)4- 41)4 87 - 39H 34)4- 37
35k- 30
102)4-102)4
Dearer <Ic Rio Grande
^^-
70k
64-66
-
115)4-124
95M-102)4 10(B4-114)4 109 -114)4 110X-116X iie)4-i3ox 119k-131
33)4- 34k x33)4- 35)4 36 - 36)4 34)4- 36X 34 - 35)4
85M- 3B)J 86 - 36
40
40
49-49
96
IlUnola Central
Leaaed line, 4
-
32)4- 36
IW
79k- 82)4 79X- 79k 78k- 78k 77
21
57
96X
2
-
»ref.
Si
-106
21-22
-
-
16)4- 17)4
60)4- 64
Pret
89 - 96)4 H0)489M-9S
CIb. lad. St. L.& Cklc. 9IW-101 100 -110)« Xl04)4-110
Ctacla. Waah. dc. Bait..
«- 1)4
)«k
Prel
la- Hit 1«1«- 1%
dOT. Cla. Cklc St.l..
'Harlem
Boaalon
104
81
lk- 6X •4k- 8
4 - 5k
103 -103
102 -104 100 -100
22-22 17k20)4- 22
77-03
88-37
Prel
Fart Worth
6X
-175
26)4- 34
42)4-42)4
140)^142
Cklc K. I. Oc Pacific
Cklc St. iMalmSc Pitta.
Perc
6k-
171
14
e5«4 61X- ee-H 60J4- (IS-.
97 -103h 97}4-ll'0'
t00)i-106
1C2)4-10-.
106«-I09)(i 104W-109
Cklc. Sc North we«t
Si
40X
82-35
Prel
Film
-
22%
17« 17 - 21)4
-»2)v 20 - 23k 22)4- 26k 22 - 24% 22X- 26)4 24%- 28
61».- 67)4 63%- 67)t
- 62k 56k- 86k 63 - 69)4
66J4- 60)4 57)4- 82)4
41k- 46M
- S6H 31 - 39
29)4-33)4 28«- 34)4 30)4- 33)4
37X- 42% 39)i- 41)4 30 - 45)4 42)4- 46)4 131 -136%
127 -131 130 -135)4
125 -130
185 -189)4 134 -137)4 125 -134
136 -140
186 -138)4 125 -136)4 129 -136
163 -104
166 -166
160 -160)i
162 -162
165 -166
103)4-107% 102 -108%
89%-102
94)4-104)4 100J4-104k 97k-101k 101 -107% 107)4-100k 104)4-110
107H-I!l)t 99 -111
9094- 96
30)4- 40%
30k- 42
39k- 43
42)i- 4S>t 42«- 45)4 40)4- 44S. 41H- 48M 42)4- 48k 42)4- 46k 43 - 45)4 43)4- 49X 11 - 47
93 - 95X
95 - 93)
94)4- 96)4 06 -100)4 SO -104k 101 -104% 100k-107k or -102)4 93k- 98
94W-96H 96)4-100
mi-
&
VeBT.
7
-106
17J«
Pref.
Ckle. Barl. dcQnlncy...
Chle.
Eaatero 111
Pref.
Cklc. dc Ind. Coal R'y..
Chle. Mil. dc St. Paal.... 61«-
•
6)4-
34J4-44)4 36 - 40X 32
48J4- 47)4
TH- 8)4
22-22
61)4-66)4
14H1M(-
..
Ud pref.
Chlcacedc Alton
!4t.
28-28
88-88
49M- EiiM
62)4- B6»t
41J4-47?<
-102)41103
102
47)4- 62)4
&
Tottnit Trnatcert..
1st pref.
102 -IDS
8^-4654
6«- 7K
30-30
Central ot N^ivJerney. e4M-ioo
Central Pacific
asa- sen
Ckarl. Col. & AnKnsla. 46 - 46
46 - 49
Ckesap.
Okie, cert... 17X- mi 20-23
let pref
7»j
165
167)4167)4 178 -177
165 -166
saa
BOX- S3M
-
9-9
Mprer
62)4
SO-SO
SI
Canada Honlhern
Cedar FnlU (k Minn
Central Iowa
Cklc.
1889.
98 -
98%
21)4- 23)6
2)4-
4%
4%-
5
250 -256
1-4
Xll5)4-118 116 -118
98X- 9
3
255
-
la115
4k
-265
3k
-117)4
3-3
250
2%- 2)4
-250
lk-
3
2%-
5
U6X-118X 117)4-118«
99 -100
98-98
JancaEY
4,
THE CHRONICLR
1890.J
25
COURSE OF PRICE3 OF RiTLROAD A\D MISOELLANEOCTS SroaKS-GoNriNDED.
r.ow.IIiKh Low.lIlKb
Ind.
Bloom, dc Went
IIH, 18
10
-
[oiva Central
20 -
ISH- 20
Pref.
Keokuk
&
De«
Mat.
JaxcabyI Ckbb'bt
8TOCK8.
Low.Ulgb
18
an
10 -
lOM
2S«-
29)4
I..ow.Blgta Loir.
8-8
8
26 - 87% 23
JCLT.
High
8-8
- lO^t
- 26)41
AuaCBT. SXPT'BEB. OCTOBER. NOT'BIB
Loir.IIlgb rx>W.IIIgta I.rf>W.Utgh
81
18%- 21%)
-24)4
7)4- 0%
1»)4- 26
itloluea.
Prcl".
.
2»%- 31% 80-82
18%- £0
18%- 1»« 16 - 18
Lake Erie We«tern.
OMX- 82
5054-69%
Pref.
80 - (
101^106 108K-10S?* 99)4-104)4 100%-103% U'2X- 10854 10S%-107% lll0%-m%
Lake Hhore
94 - 86)4 93)4- 98
93)4- 95
»0«- 98H 91« 96
9S%- 90% 92)4- 05
Lonff iHlnnil
67)4- 70)4 *)4-72% 67%- 70
Louisville dc Naiilivllle. 56M- 68W 69«- 81X B8)4- 02)4
LoutnT.New Alb.tkCbic. 37«- 40 41K- 49 40 - mt 40-48 42%- 48% 48-48 30%- 42
42^40 - 40
Malioninff Coal R*way.. 40
43
48K
Pref.
10«%-112%
- 14
14 - 16
Alarq. U. dt Ontonagou
13 - 14
1-1%
18 - !4% 10
93
Pref.
87 - 92>» 88)4- 90
89 - 89)4 00-97
98-96
Kinsslon
Pembroke
i&
&
.
39 - SOU 27 - asK
iea- 17% 17M17H 17X- 19
BWd- 86« 83K- B8« 83 - 5754 SB%- B9
S8
M
29%- 31%
17%- 2054
87%- 66%
101%-104%
91%- 04%
X07%- 71J4
41
-
41
U
IVIanliattdn CouboI
90
-
9iH
04
4M
4-4)4
49 - BS^
BO - 60)4
ISX- 14
8«-
RIarlits
nianhatlan Beach Co...
9 -
niemphtii <& Charleaton. 49
Mexican Central
Mexican Nat. Cert
Lake
Sh.(b
9M
8)4-
- BO
7-7
7-8
michiEan Central
Itlllw.
-102), x94)4-109X
Prel
51W-
5tf>i
94
91J4- 98
Milwaukee
-10S}i 106
4)»-
4)4
7%-
7)4
B9 - 70
«7%- 102)4 96%-10O)4 90
954- 10
60
-
88
7%
8B«- 91« 84)f- 90
BOX- r,Ji 78 - 88
84«-88j(,
W. ...
7%-
8)4
g5%-10054
8454- 88)4
aSH- 92
85
-108)4 107
-
95
Ht.
93
-112% ii2%-in% 114%-117
16)4- 15)«
16
91
- 9154
111)4-U5
L
BH-
Pref
U!4-
S«- 7
I2«- 13
,«
im
Miaaouri Kan. i& Texas
12«- 13J^
MIfeaourl PaciSc
701<- 75J4 70«- 74
Mobile •& Ohio....
9 - 12
8 - 8M
Mania Easex
147 -150X
144 -147
NaahT. Chatt. <Jk St. L... »IH- 84
8.SM- 82
N. V. Cent. &. Hud. KIt.
N. y. ChicuKo ifcSt. L... I'-H- im\ 18 - 19«
latpref.
67«- 71M 72 - 77
&
6
-
6X
8
-
12?<- 14>t
13
-
12K-
l.S)i
11«- 18H
64)^- 72?<
85)4- f 154
OH-
11
9«-
8)4
13
10)«
654-
11
554
- 12
12%
71%- 75%
11
-
1054- 1154
4-8%
11
- 11
UH
10 72)4- 77
87
00
111
S%-
4)4-
14%
92
06
-
92
Ohio 4& MiaaisslppI
21
Pref.
-
22M SSH- 2*
1954-2354
8iH- 85
Ohio .Southern
Omaha & Si.
Louia,
pi.
OrcEon Short Line
OrCE. Sh. L.titClahNo.
OreEon i&Tranacontin'l
Peoria Dec. <& Evanav.
12
- 14
10
- 10
41Ji- 44
30i<- 31«
22 - 24!^
14
- 14>«
tm
SIM- 34
iiii- 2854
& Weatern...
& Saratoga
Pref.
& Alleghnny
Richmond <b West
Pt...
Pref.
Rome Wal. Se
Osdensb.
13
- IB
15
49 - 68
14
39 - B254
-
93%
-
105
15%- 16% 16)4- 18
90H-97%
95
6
-
94
93-97
32%175
14«- 15
22«- 25«
87%- 87%
IS
16
- 16
21
- 2254
17%
-
40%- 45% 4«4- 52)4 44%-
32)4
23 -
481,
2«%
-41
190
-193
20%
23%- 28% 10%- 24%
24%- 27
78 - 8u%
7954- 81)4
97)4-101),
9^-10054 100 -113
- 17)4
16
- 275«
- 17
25-26
40%- 44% 39
78 - 81)4
-180
28-29
88-47
32)4- 38)4
180 -180% 186
-195
1654- 20
25 - 27%
-179)i 178
15?fr 17X 16
25)4- 273< 24
78 - 81H 79 - 82H
93 -10i)H 100)4-102)4
23%
- 14
28-84
90-90
8 -
96-9
St. Joa. (fc Gr. Island..
St. Louis A Iton &. T. H.
.
10
18
-
454
-
4%-
6
9)4- 10
13% 12
6754- 7454
- 13
73)4- 78
12%- 13)4 13%- 15
163 -163% 151 -163
3%- 4%
7)4-
68 1354-
150
08
Texaa & Pacific
Texaa & Pac. Land
3-4
Tol. A. A.
19X- 23
Tr..
& No. Mich..
Tol.d^Obio
20
18
-
21
- £2)4
3X-
7
3)4
- 21)4
106
-106
4%-
454
20-25
20-27
2154- 23
2254- 2454
17% 16%-
15
- 60)4
- 49
61
-
16
27
17%-
21)4
25-27
50-50
VlrEinia .lildland
62X221
65)4
-221
21%- 38
HH
I8V4- 22
2054-
18
- 1954
17)4- 20
26
-
28% 27%- 29%
127
...
-
....
30
- 39)4
13
- 14),
12)4- 14
27%
25-28
-
25%
...
-
...
12)4- 13)4
-107
68-68;
67
-
72% 60
-
71%
35%- 30
37)*- 38M.
111 -112)4 112%-112% lU -111
28%- 30
27)4- 29
26)4- 2«<
36%- 37
68-70
65
-
67% 62
-
67X
4354- 4954 1.3%- 4654 41)4- 4«%
241 -246
246 -249
244 -240
2154-23
18
-
22-22
10% 18%-
82T4
20-20
18%-21)i
7-8
8 - 8%
3.3%- 36)4 32%- 34% 30
17)4-
19%
x55%- 67%
19
-
82%
55)4- 61)4
10
60
-
32%
-
mi
-
60)4
29%- 32«
33% 30%- 34
71%- 76% 72%- 77% 72%- 77%
6%- Tii
6%- 8
81
-
8-9
18-24 22-24 16)4- 20
22-23% 21)4- 8354 21-22)4
14
14
16-15
U
-
14
-
U
52
52%- 58% 51-60
32%- 36)4 32%-3«4
19
-
80%
30%- 43%
166)4-158
26)4- 26
37%- 40)4
25 - 25%]
36)4- 40
28-27
30-40
17
-
20%
36-41
166%-16«<
86)4- 27
40-41
185
20-23
21)4- 24
58)4-6254
36-86
185
-187
21)4- 24
20
-
22)4
105
6
-105
-
7%
105
116 -116
-124)4
6%-
7
6
-
6%
6
20
-
im-
34%
22%
19
2754- 32
63% 60
-
-
»4
5)4-
7'
40-48
-
14)4- 16
-
37
111
14 - 26%
27% 26%. 2854 26%- 28)4 2S%- 86
38%- 66%
58% 66)4- 6O54 80%- 62)4 X53 - 61
-113%' 109 -Ul
110 -11154 107 -110% 93 -109
24%-
.32%] 2954-
82
87%
-
x97 -101
33
81)4- 8654
32
27)4- 30
79%- 83
74)4- 82
29
-
98 -106% 10654-118
2
-
Ul
29-81
30%- 32
-
3254- 34)4
20-22
32
19
17
-
37%
- 2154
30%- 3154
2354- 2454
33-36
33%- 34
64
55-57
62
-
40%
-
16%
154-
1«
3654- SSJi
19)4- 21%
-mi
33
18)4-81)4
- 18
15%- 16% 16-21
17%
35% 31%- 33% 30)4- 32)4 2»%-38}4
16
81
-
-
86-96
80-35
79%. 88
78)4-81
-121% •103%- 121 105 -1I3H
3%
2854- 32% 31)4- 34)4
18 - 20%; 10
21%
15 - 16)4 1554 16%
52
B954-
-188
22% 21%- 23K
23% 20)4- 247>
20)4- 21)4| 21
22%- 25
22
57
33-40
57-70
S»
-*>.
70
-
wi
64% 56%- 60% 59%- 68% 63%- 66% 62%- 68% 66%- 71%
228)4-22^
23m-2.')l%
88-34
-127
2554-
106)4-106%
16%- 17« 10«- 1854 16)^17)4
130 -130
....
24
rights.
28)4-
5054- B2
30-30
-
Warren
Ex
63)4- 6654 8854- 67)4
... - .... 220 -229
...
Wab.St. Louia dc Pac.
Preferred
«
26
30-30
Prel
6 -
x65
3-3
8-3
21%- 23
Ceuirai....!
Union Pacific
United Co.'h N.J
Utah Central
Utica &: Black River.
•
2M-
185<- 21)4
23
6
-163% 148 -152% 145%-160
-101
100 -103% 101 -104%
12
7-7
24Ji- 25
21 - 22)4
-
9-10
10554-10754 106
Rights
Sonth Carolina
Southern Pacific Co
4
9 - 12%
»K- iiH 9 - 12%
75% 66 - 71% 65)4-74)4
14X1 13 - 14% 13 - 13)4
8%
70-83 l76%-82%
i77%- 8254 79 - 81% 79)4- 82)4 79-82
98%-100% 99 -102)1 102%-107
102 -104% 101%-103% 99 -100% 90 -100
12%- 12)4
11 - 12
44" 4954 44%- 47% 44 - 45% 46%- 49)4 45 - 47% 42%- 46% 40-43
8-9% 4-8
9-10
«
09X
10%- 13%
m 8-0
46
49
xM
8254- 8454
48)4- 8054 45 -4«4 44-48
44M- 47
Prel
90-94 90 - 90
95-95 100 -110
St. Louis Ark.ik Texas 8}<- lOX
S«- 6%
85^ 10
8 St. Louia I. Mt. <& So...
St. Lonia&S. Francisco. 23 - 28)41 25-281
21W- 2554 19 - 245< 22)4- 29% 27-30
Prel
Bl - 68%: 03-86
53 - 64% B4 -z605) 58)4-8254 57 - 6154
lat prel
HI -114
100 -112
lllOX-14)4 lOO-^-Ul^i 104 -110)4 106 -112
St. Paul dc Dainth
Sm- 40)»,| 35)4- 40 34-38 2954- 34)^ 30 - 37% 30 - 36%
Pref.
84-84
87-89 8J%- 88 82-8
94J4- 95K SSH- 91
St. Paul Minn, d; Man.. 9S>«-103J4: 10054-105
(I6%-101)4 l92 -101
101 -104)4 lul -103%
Scioto Vulleir
- 97)4
03%- 99%
-144
-105
17%- 18
30-30
13
-
60-66
im- 14%
-
61%- 67
50-56
2854- 34
31%- 3454 SO94- 3354 325«-'64% 32%- 38
31)4- 8554 32%- 87)4 31 - 36%
10%- 21%
23%- 24% 23%- 2554 81 - 26% 20-22
21%- 2354 20%- 24
22)4- 28
42%- 48% 43%- 4654 45 - 48%' 42%- 48)4
4254- 47% 43%- 46)4 48%- 4754 45%- 49
168%-158%:i68 -167%
148 -150
156%-166)4 15B%-15754
148)4-151
1505(i-154
PitiaburE
Rena.
Rich.
85-85
83)4
12
Phila.tfc R. Vot.Tr.cert. 47)4- 50
4B54- 49)t
Pitta. Ft. VV. Si C, guar. U9)^1609< 150 -151
Special
140 -140
144
Plttab.McK.<& YoUEh.
22
83%1354- 1454
15
43 -
21-23
n
-lot
6
90
I
Pref
-
16)4-15%
m
8-9%
91-92
-102% 101 -108
.
m
»
28X
:
2m
m-
-
18«- 80% 175*- 10)4 17%- 10
17 - 18%
63)4- 86% 81%- 65)4 6^<-«6%
104%-107% 104)4-107% 105%-107)4 xloi%.o^
80%- »i
93 - 04% 91 - 94% 00 - 92
71%- 79% 76)4-82% 81% 87% 82«- S7X
41 - 42
40-40 40 - 40 37%- 30K
41-44 80-80 60)4-83
107%-107%
- »
13 - 13% 10 - 10
I
&
8
26
10 - 10
- »
20)4-82)4 28%- 29)4 26)4- 27)4 28)4- te!4
14^-1B0>< 150 -150)4 154 -158%
96-99 06-96 96-08 07)4-102%
89^- 04k Bl - 9554 94)4- 97
106H-109^ 106)4-108)4 10654-10851 107)4-109% 104%-10054 106%-107% 107 -10954
18 - 18)4
17 - 18S( 17 - 18M 16)4- 17)4 )6)4- 18% 15%- 18% 16 - 17
68-71 69%- 78 87 - 09% 67)4- 88 e6}4- 70
69 - 71
70 - 71
t2dpref
34%- 36% 85-36
37-3954
37 - 41
41 - UH 40 - 41H 40 - 42)4 36 - 3754 37 - 39
N. Y. liack. <& Weat
114 -116)4 113 -114% 110%-113
111 -112)4 Ul -112
11154-118
1005<-113 hl2iiU3H lUH-llS
N. Y. Lake Erie iV Weat. 26?<- 29J< 2tSH- SOU 26%- 30
28-30%
275^ 2954 2754- 29)4 26)4-2854 2554- 27% 26%Pret
- 70
68%- 7154
6fl
61 - 68
88 - 70H 67 - 715( 8854- 7154 67 - 70)4 62 - 67
8254- 60
N. Y. <b\ew EuKland... 42«- 485^ 45JS- 48T« 41J<- 47?4 41%- 44)« 43%- 47% 4554- 83% 47)4-15254 18%- 61% 48%- 62!4
N. y. N. Uaven Sc Ilartl. 241H-256 '249 -2B0 245 -250 245 -245)4 245 -253 283 -285 248 -253)4 250 -263
•218%-279
N. Y. dk Northern prel. 19fci- 19H 17 - 19
21)4- 22
15 - 20H 1854- 22
1»54- 2214 22 - 2.3% 21 - 22%
N. Y. Ontario <k Weat.
10%17)4
17%- 19)4
18%18
17%17%18%
18
14K- 18J< I'-H- 19H 1B«- I'.li 18)i- 175S
N. Y.
Rock. Beach....
12%- 13
N. Y. Suaq. <Jk Weat
7547%- 8
7%- 0%
8548«- 9ii
754- 854
8 - 854
Prel
3054- 3354 SO54- 33)4 315(i- Si
S2%- 36)4 3154- 33% 32 - 8354 33%- 37
S29i- 34^ 32^- 35
Norfolk >Sc Weatern
17 - 21
18 - 17M Wii- 18
1454- 17% 18 - 18% 1554- 1654 IS - 1654 14%- 1554 15 - 17
Prel
4954-..B35(, 5154- 53% 51)4- 63U, 1954- 61% 60%- 5454 53%- 68%
iUH- 52H SI - i3^ 47)4- 82
Northern Pacific
25 - 2B« 28 - 2Tfi 25 - 2754 26)4- 265). 28)4- 30% 28 - 3054 26%- 2854 28%- 34% 31 - 3654
Pref.
59-81 60H- 625<
5954- 62H 80%- 67
68%- 6S% 61%- 66% 64%- 75% 72%- 78%
Ohio Indiana &. Weat'n 9ii- 12« 11«- IS
8%- 10% 8 - >0
7)4- 9%
9%- 13%
8)4- 9)4
8)4- 11
9 - 12)4
,
-
-113% 113%-U7% 114%-116% 112 -116)4 118 -lie
46 • SO
1054-
12)i- 15
151)4-136% 15» -165
11)4-
-
4)4
9
6
- 89)4
10%- 11
68«- 73%
8-9%
9)4-
7-7
60-60
- 165S
5%-
43-80
<& North...
Mlnneapoliadc
90
90
69-6
x85%-90
7-10)4
23%- 24% 21%- 2»% 26
6-6
66-55
6)4
- 92)4
90-90
97% 92)^ 96
9-9% 8-8
eo - 65
I4«- 18%
8)4-
80-87
-
8%- 10
DtCBXR.
iMW.UIgh Low.BIgh
33-33
148)4-148)4
•Cash tale; "corner"ln stock.
13
- 15)4
25)4-
28%
148%-148%
33
-
36
1454- 1654
27)4- 80
...
-
....
83
32-82
-88
1854- 1»T«
88)4- 30»4
- 35
11%- 16%
1454- 18
1654- 18)4
2754-2974
20-33)4
3154-
34%
36J4-89
17% 14%- 16)4
-32% 30%- 33% 2"%- 38%
- 17)4
16
-
THE CHRONICLE
23)
[Vol. I.
rOURSE OF PRICES OF RAILROAD AND MISCELLANEOUS STOCKS—Concluded.
lAMUABY FIB'ABT.I MABCH.
Afbii>
MAr.
Low.BlRh Low.Hlgh Low.Hlgh Low.Hlgh
Low.HiKh Low.Hlgh Low. High Low.Hlgh
(Aiw.HI(b Ixiw.HlKhjLow.Hlgh Low.Htah
66-69 67%- 71% 07 - 69% x67K- 71%
Vrkeel.&I..Erir.»ref. t«M-a'M tMH-VH e3!<-65« 64K-67X
8»%- 26H 21%- 2-lW 22«- 26%
WlManalB Central C'«..
57 - 57
60 -eo
Prrlerred
EXPRESS.
Adam*
loe
-IIS
noM-116
Uallad Sintea
Walla, Farsadc Ca
134
-140
140
COAI<
&
148 -191
U9X-160H Xl48-151%
114 -120
110 -IMM 118 -116
i48w-ies
AiKrican
80-84
84-93
-142
188 -140H 140 -144
186
-144
80
.
&
Homenlnkr ftllnlnc
Mnrsbnll CodhoI. Coal
2»
-
fa
145%-16(^148 -151 149 -151 149^-151 160 -163 151 -153 148%-163%
X115-120M 115 -118 116 -118»« lie -118)< 116%-118)^ 116 -117% X113-118
85-91 82>«-86« x81><-l88 83%- 87
80 - 96% eon- 92% xOO - 91
142
-146
136
Sl«- 36H 2»5<-84J^
-141
139
-142
139
-140
137 -142
17-20
18M- 21»
18J4- 14
9-10
25 -
8X-12H
12«- 14
!
-
9«
18X-
IW
9
fa- 8H
24-25
2&M
137
-141
139 -142
7%- 9%
8H- SJl
8%- 9«
e%- 10
7W-10
14%- 14% 13M- 14
1»H- 16
io)<-
na
IOX-11
»«- 10
25 - SOU
9H
TH-
24
N. Y. JkPerryC.il.... 29 - 31!^ 30Hi- 82
34%- 85
34-35 84-35
35
Oalarlo Sliver .MInlns.
-810
310
-301
2S6
PennsriTnnIn ConI
Qairksllver Sllnlns
6M- THi frH- «« en- 7% OH- 7M
Pre!
35 - aea 37 - 3^' 35 - 38M 37«-89« 37%- 89^
Tennoaee Coal Ac Iron 81 -S5« S8X-87X 36«- 42X 87M- 41% 37 -40%
Pref
83
-
06it
9B
-105
88 -103H 08 -103
100 -102
VAIIIOCS.
Amcr. niairlct Tel
9%
34%-SCM
36
-
10
100 -104
97
-
-
23%- 23%
8%-10
8-10
82-82
81%- 85
37
312
15
- 17
7 -11%
22-22
36
-
36%
310%-312%
OH 5%- 6%
-312
6%-
OH- 6%
6%- 6%
34-34
35-37% 35-35
- 37
8%
35% 34%- 35%
35 -
35 - 35X
313 -316
6-6
6X
37
16-20
23-24
7%-
7%- 8%
305 -306
e%- 6« 6
3J%- 39J4 35
37%- 40% 39
9W
-
-80
35H 34«- 35M
280 -280
9
13%- 14% 11%- 13
7%- '8%
»H
4%- 8
4 - 6k
31%- 36% 33%- 38%
7
30-33
17-18
26
•
75
Coal
5%-
30«- 84« 3I%- Siii 81 - 32% 29 - 30« 28«-29X 4K- 16%
21-80 23%- 25% 25M- 31 27«- 31 26%- 28M 28«- 34
18-21
16%- 20
15 - 18
17%- 17K 17 -21
MfunrNotn Iron
NewCeniml
34-38
40% S9%- 42% 41%- 65M 60%- 59% 58 - 85H 68-86
08 -101J( 97 -102>« 87 -102% 100 -104
08V, 96%- 88
30-3
em
589< 64 -57« 54 83 - tbH 84«- 86« 80^- 88M
Colton Oil Trusr... 4S«-B3J» 51K- eOH 88«-
55%- 61
52«- 66% 48 - 54% 47%- 83H 3e«- 40% 28-365
85%- 88
87%- 89% SoH- 80
»iH- 88
86s<- ma 80-90
14 - 14
18 - 18Ji 14%- 19% 16 - laa 13 - 13
Amcr. Tel. iV Cubic
Amcr. Cm lie Trust
Canton Company..
mi-
Chlcnffo <.R8 Trust
Citizen-' fioK, Bk'Iyn...
84-3^
47 - 48
ii}i- 49
47K- 4«
36H- 44M 41%- 4SH 46%-6U< 48 - 595< 57%- 62
69 - 74
72%- 75
aOii- 85
81
Commercinl Cable
Consolidated Gas
86
84M- 87
- S3Jj
82
Consol. Kli'iuric lAaht..
Del. «fc Hudson Canal... 130)<-138«i'xl35-137M 130
DIsllllers' Jt C.F.Trnst
KqnltiibleUns Co
Jollet SieelCo
I^aclcdc t.'ns. >*t. Louis
Natlonsl Lead Trngt...
....
-
....
-
....
-
83« 82«-
8^
65-65
-136>i 131
II3«-1149« 112 -116
120 -126
-
38
81%- 86%
10
52
-
11%
- 52
I
70
-lS6$t 136
115)^-120
27
54%- 60% 56%- 61% 67%- 61% 52 - 59J« 36 - 66% 35%l44%
08 - 68%
68 - e
68 - e
100 -101
100%-102J, 102 -102% 101%-104%
x88%x94%
87%- 89%
- 91H 88%- 84
8S«- 92?^ 86%-89H 8o%- 87
121
70
-
-140% iaSH-14BH U2K-147% lUH-lo2'4 149%-15e
43 - 47i4 41%- 46 k 43%- 47% 42 - 47
125
U7%-163% 145%-150% 144%-147%
38%- 44
39 - iSa 39 - 43
125
|125%-125;i
-126
155 -155
21%- 34% 21%- 24%
20%- 23
21?^ 27% 28%- 35
-102«
- 72}4\ 60
63 - 55>« 50)i- 55
72M 42«- 67« 42«- 49^ 49«- bin] 53%- 57
Pref
92-96
103 -107H.X90 -106H 96-96
75 - 81% 83 - «8>i' 83 - 08
Oreson U'yiJk Nav.Co... 93 - 9:1M 93H- 995,
85-07% 86«- 94h[ 93%-101>< 94 - 97 94 -102
Pactnc :ilnilS. !4
33%- 38%
SIX- SSJ, 35%- S7}< 36
37%; si%- aen Sl?i- 84
35M- 37X SOW- 40
Phlla. Co., Nat. fSas.... 78 - 81« Tl5-79
',2
- 80
75 - 77
74 - 75
73 - 77
78 - 87>« 72«- 81
Plpo I,lne Certiflcntcs.. 83«-88Ji 84%- mi, 88«- 92« 80 - 91% 605^- »m' 81%- 93
90M-102« 95Ji-101%
Pallmnn Palace Car.... 178 -199 lU4%-205^ >171 -80
179%-1945^ 185>i-191}i 183H-190 180 -18«Ji 1176-181
RlBfats
18 - 20% 1^- 19%
Honihern Cotton Oil Co.
70 - 71
70 - 74%
Susar Ilcflnerles Co....
81«-87« 81«- 91M 83%-99X 89 - 99^' 98%-126 105%-123}< 106%-116
Western Ciilun Tel
83
8654 t-B«- 86« x8^-87?« 83%- 86% 85«-88%x85%-88J< S3ii- 80% 83%- 86%
iSH- 21
N. T. JUuiunI Gao
Oregon Iniprovem't Co. 68
22%- 25
10%- 22% ITH- 21
20%- 24« 18 - 22Jr 17 - 20%
52'^- 56
x51
- 52^^
91
-
100
I
91
101
95
-105
-
177«-186
I
00-95
100
99M-102
ea
- e
61
- 71
42-48
90-90
-101>^ 100
31%- 341^ 32M- 35«
33%- 35
70%- 73
oe^i-101!^
41K- 53
84«
-101%
3.3%-
37%
62-66
98%-108%:103%-112% lOlJi-100%
182 -190
183X-190 182 -189%
58 - e
56 - 57%
64 - 66% 60-70
87 -109% 67%- 94
69 - 76% 66-70
»84%- 87
81%- 86%
84 - 86% 82-85
rz-rlshta.
COURSE OF PRICES OF GOVERNMENT SECURITIES FOR THE YEAR
[Compiled from Sales made at the
Conpon Bonds.
New York
Coupon Bonds.
Registered Bonds.
1898.
_
Opening
108%
../....
100
108X
OlotlOK
I<owe«t
Closing
•
109
Xl26%
127%
ISSM
126%
188X
l!!7W
Febrnnry,
100
109
109
109
;
128%
128«
128%
127«
127%
July.
Opening
Uighest
Lowest
Closing
Closing
Opening
Highest
Closing
12^
128%
128
128
1C8%
1S0J<
Closing
127X
108X
lOSM
108X
lOSX
xl28%
1275«
October.
105%
105%
105%
io;%
X127%
Opening
Highest
105%
105%
Lowest
1055i
105}^
127
127
127
127
.128%
Opening
Highest
Lowest
128
Closing
129
128%
128%
12»«
X108%
,
12814
106%
106%
106%
129%
tiW«
129%
128%
cur'cy 8s, cur'cy
IB08.
128%
128%
12®^
128M
Slar.
.f."".*.'...
106%
106%
106%
106%
Registered Bonds.
6s,
September.
1S7M
187
127
November.
Closing...
Lowest
Xl28!^
Opening
Highest
Lowest
107Ji
Opening
Highest
Lowest
106«
10f«
106%
106%
12P><.
108K
Closing
1907
Angnst.
Opening
Highest
Lowest
Closing
120%
4s,
;
ftlarcb.
Onanlng
Highest
Lowest
Opening
Highest
Lowest
doling
4His.l891.
January.
Hlghe.Ht
Iiowest
OponlDK
Highest
1899.
1889.
Stock Exchange.]
4Xs,1801. 4s, 1907, 68, cur'cy 6a, cur*cr
„
32% 29-85
60
26 - 28)t
liH- 14
niarylnnil C'onl
-
82-34
84
itIJi-
llork. C. &.!...
Col.
Canaolldntion Caal
•
70% 64«-69%
70%- 73% 69%- 71%
26M- 30% 26 - 29%
61%- 01%
nilNINU.
Aai^rican Coal
Cameron Conl
Calomdo C'onI & Irea
Au.
NOT'BKB. DSC'BCB.
Sbpt'beb.
J0LT.
JUMC.
STOCKS.
Ueeember.
Opening
Highest
tl04%
105
Lowest
104%
Closing
1C5
127%
127%
127%
127%
126%
12%
125%
120%
1889.
January
4,
THE CHKONICLR
1800.]
27
COURSE OF PRICES OF STATE SECURITIES DURIN(i THE YEAR
[Compiled from prioee bid at the
Jajjoaby FiaB'nr. Maboh,
BECURITIBS.
r,ow.IIlKh Low. HlRh
Alabama—CI.
Apbil.
'
\m
-
-
-
Now Vork— O.a.
loan, 1802.... ii"«-iiom llo^i- IIOW'IU
Bs. loan, 1HH.S
llOX-lll
uoa- llOjJ lllW
No. Ciirollna— C8, old, '8'5-'0f a; - 35
35
30 - 85
68. old,
- :»
.ir,
30 - 33
35
35
N.Car. ItU., 1881.4.5. .
-1-0
1711
170 - 170
170
170
•
140
N.Car.UU..si.vrtricoup'8 0fl HI)
Funding act, 1868-1900. .
10
-140
- 10
- 10
140
10
10
20
20
20
FandniK
act, 18(!8-I898 ....
bonils, J. & j., isie.90
New
New bonds,
A.
& O...,
"
III
20
20
«
-
no
- 20
- 8
140
170
140
10
10
-
140
-
170
140
10
-
•
-.
-
20
80
6
7
6
7
94
KR
B Special ta.t, class 1
- 10
6 '."
gpecial tax,clai<s2
10 - 10
6 Special tax, railroad Issues 10 - 10
Consol., 4s, 1910
91 - 91«
Small bonds.. ..
89 - 90
i^: 91
Bs, 1019
l2i'4-lZiiil 134 - 1845<
Khodo l3land-«8,'cp.! VS-M IIU -UOM 110 -110>«
i'iSl'n'-fls.aot Mar.
"""JJ
ffi), 1809,non-funii.,
S%- 4
1888
4M
Brown consol., fls, 1803
103 -lOlM 104^Tennessee-6j, old, 1890-2-S HI - 64
61 as, new brts.. Iai)a.'i'8-1B00. 64 64
01
Bs, new series. 1014
64 - 64
64 Compromise 3-4-5-6a, 1012 73%- 7»m 74 -•75«
New Sett.lament, Ha, 101:i. Wi -ioa« 103 -104
"msn'. »», 191.'!. ln{) -100 100 - lOOi^
SS"
Now i''."
Settlement, ,Ss, 1013
71 - 73
72M- 'i2ii
Tirginia— 8s. old
48 - 48
48 6s, new bonds,
1886!!!!!!!; 48 - 48
48 - 48
OS, new bonds,
1807. ..
48 - 48
48 - 48
OS, consol. bonds
70 - 70
o-s. ex-matured
coupons
S2 - 82" 31 - S5
OS. consol, 2d
series
BD - 50
50 - 50
6s. deferred
bonds
7 - H
t ruat receipts, 8s
10 - inji
Uls. 01 Coluiubla—3(iOs,ie24 121 -1-3J
130 -laOH
tundinjiBs, 1809
108 -108)t
10! -108
Chatham
M
•
•
.
HI
105J4 10«« 108
105X lOlH lOH 107
.
-111
lOlM-loix
U
140
170
140
10
10
10
21
30
20
20
6
-
96
MH
H
.
-
134
123
Sti-
101
-
7l«-
101
10
5
-
5
103
105
-l(X<
-110
103)4-103),
110 -lioit 110
100 -100
99 100 -100J< 100)4
1
100
-
102
100
-
18
11
-•
10
-•
10
10
10
10
10
10
10
7
103
108
-
8
-
«e
-
104
108)4 100
107
103
111
110
110
....
105
88
a'5
80
91 - 91
-IMO
-IBO
-180
150
104
101
104
64
61
61
74
64
04
04
61
74
lom
10S>i-l
101
lOl
72
73
....
.
7H-
T4
120)<- 1311^ 13-3X-
123H
-
107«- 107« 108«- 109
-101)
-
10
10
10
-
10
-
8
-
-108
88X 89
no
118
110
110
35
83
170
140
170
140
10
10
20
20
6
;
10!4- 18
10 - 10
10
10
-
10
- to
10-10
-103)4 108)4-102M 102M-]
-
107
-
vmi
-
87
105
I
106
87
- 87)4|
87
-108
88«- 90
87
106
-
-106
-106
106 -:
-10!»4 100)4.100)4 ioo5<-:
-103
103)4-103
103 -:
-110
110 -no iiio
-110)4 no -111
108
-110)4 no -111
108
•
85
35
as
85
-180
-140
-180
-140
170
140
-170
-140
140
170
140
10
10
-170
-110
.170
•-
•
-
'
10
10
20
2J
-
35
-
a')
I
140
- 10
- 10
10
10
- 20
20
80
80-80
20
8)4
S
35
85
;170
:
B
?«
6
3i
W
'•^8)4- 7'
6 - 6)4
3 - 6
B - S
7
-07,>4
95-68 98-99
96 - 96)41 96 - V'.ii 98 - 98)4 OS - OOJl O''^98-95
94-94 .... 93 - 08
96-08
93
-187'
183 -184
181 -121)4133 -12*
123 -125
183
136 -137
184
|128 -138
\2i
no -l'.0)4il08 -111 103 -110)4 108 -110)4 103 -108
I10)i-110)i 110)4-110)4 110 -110
6
-123
4H
20
20
8
-
128
61
81
74
•108
-
110"4
10
110
110)4
85
35
35
a5
170
170
140
140
170
170
140
110
10
10
10 - to
80 - 80
20
80
8 - 7
7 - 8
87
S7
-
20
fi%
-
lllMlll
- 85
-170
-140
-170
-140
- 10
- 10
-
BOX
-
-110
-110
35-35
170
140
170
140
10
10
-
iKOi-
-111
-110
-110
.
8
10
10
-
103)4- ia'W< 103
jl08
-
-
•
9-10
-
10
-lOJ
107
10154 103
103
18
10
10
10
10
7
AUODST. SKPT'BIB.
Ivow.Hliih (.KJW.IIlKh
u'i%no
88
87
106 -106)i 10«!^- 107 106
101H-I01)i I01«. 108 ;in3
107 -107
104
107^' 104
....
88M- 8S«
....
!
.
10
10
10
>
1889.
Friday.)
10;U,I03
-
-
4X
es
65
- 65
75
103«- 103
-
-
13
10
>
-
lltii-
103
loe
90
....
HI 111
64
04
64
lom
101
loixi 103
108X-102)< 103
mi91
113
111
- II
•
(
JULT.
JCNI.
10B|<-10B?«
.
N.Car.IUJ .seven coup'sofl 140 -140
N.Car. Itll., A. S O ..
-170
... I7()
may.
Low.IKgh Lov.HlKhil.ow.HlKh Low.HlRhlLuw.KlKh
101.M 105
105M
A, 4to B, 1000. 103).i-lOi 101
Gloss A, small
105
100
ioa>i-io4
Cluss H.Rs, 1008
110 -110
111)4 111
das'! (', 4s, 19(16
10iiJ<
lOl
9» -100«
inoji
6i<, lO-aUa, tOOO
101
103
lOiK
nil -108
Arkansas— il8, M., ISOU-IOOu u - 18
13
6
18
78. L. K. & Kt. S. Issue.
..
10 - 18
18
10
78, Memphis & I. It tie Koch
10 - 12
13
13
78,1,. K. \: ». & N. O
10 - 18
18
18
7s, Ml8s. O. & 11. K
10 - 13
12
18
7s, Ark. Cuntral KK
II
6
7
QeorRla— 7s. tfold bjnds, "90. 103«-105 104 101«
-lOJX
Louisiana— 7», consol., Ibli. 108 -109 108 108
Stamped, 48
SeH- 8S«j 88
-83M
78, small Uonds
84
87
Mlchlsan- 7a, 1«00
10,'^
-103
103 • 105}^
Missouri- lis, 1SH!I-1890
luO -lOOW lOOJi- lOUHloO
100
Asylum and Uiitv.. 1892. KM -1U4 102 - 101 108 108
Kundlnu bonds, 1894-1)5... 1"5 -107 101 - 106 [iVHi
A.&O
New York Stock Kxobange on each
ew
-
J
-
*>4
5
06
05
-
1
-
-
4'.4-
lolS
-
65)4
-
65X
-
031.
-
73)t
10114- 107
101)4 102
7»K- 73)4
48
48
48
60
37
35
-
48
48
48
«0
-
a-i
-
50
.
-
4H
4-V
101)4-103)5
lOBMi 106
««
BH
1
66
m
Hrt
-
llfl
76
-
7H
85
85
65
75
-
••
-•
-
66)4
5">«
66)4
I«^
107 - 108W 105 -108
103)4 in.'*
102)4 104
73*1-
48
48
48
60
88
BO
-
inv
48
-
HO
-
43
60
-
If"--
48
48
60
33
50
48
48
-
-
74X
4-*
-
48
-
48
60
40
50
-•
-
7
7)4
7
7)4
9)4
8
8
133)4 133)4 133
134
108 -109)4 109)4-110
"S
133
108
-
124
109
-
During the week
ended Wednesday night the reduction was nearly two millions sterling.
It is hoped that if the Bank borrows about a
million, or a little more, it will be able to get control of the
market, and to raise the outside rate nearly to the level of its
own rate. Already the open market rate of discount has
risen from about 3% to 3% per cent, and the rate of interest
has advanced proportionately. If the Directors continue borrowing, there may be a sharp rise next week. Whether there
will be an actual squeeze wiU depend largely upon the action
of the great financial houses. If they bring gold from Paris,
or St. Petersburg, or if they supply Berlin from one of those
but if the demand upon
cities, the public may be reassured
London for South America and Germany continues, apprehension may be excited. The probability, however, is that confi-
to the active collection of the revenue.
[From our own corre.spondent.]
London, Saturday, December 31, 1889.
The abnormal ease in the money market has led, as was
anticipated, to large gold shipments, as much as £793,000 having been withdrawn from the Bank of England during the
week ended Wednesday night. Of that amount about
£120,000 went to Germany, about £300,000 to Lisbon, and the
rAiainder to Buenos Ayres. It is beUeved, however, that the
real destination of the greater part of the metal reported to
have been sent to Lisbon was South America, the sliippers
concealing the fact in thoir wish not to alarm the market.
The crisis in Buenos Ayres has become very severe. At the
October liquidation on the Bourse sixteen members were declared defaulters, and many others had to be helped over by
the banks. Since then there has been no improvement, as is
evident from the fact that the premium on gold stUl exceeds
130 per cent. Private telegrams received here describe tlie
;
dence will be maintained, as the belief
is
general that at the
end of the first week of January all difficulties will have
passed away.
The price of silver has recovered to 43 15-16d. per ounce.
state of affairs as very serious. It is believed, therefore, that Speculation, however, is discouraged, owing to disappointbut the Indian demand is
a large amount of gold will be required, and it is reported ment at Mr. Windom's proposals
that on Monday next there is to be another large withdrawal good, and the Mint is still buying.
from the Bank of !England.
In the market for American railroad securities there is eiIn Berlin the December liquidation has begun, and proves, cedingly Uttle doing because of the uncertainty of the money
as was expected, to be more difficult than the three or four market. The belief, however, is strong in some quarters that
immediately preceding. Loans to the Bourse began at 8 per early in the New Year we shall see active speculation. Prices,
cent for borrowers in good credit, and with unexceptionable therefore, are well-maintained, and there is a disposition on
;
It has since risen to 9 per cent, and it is reported
that less solvent borrowers have to pay exorbitant rates, while
many speculators are obliged to sell, owing to the impossibility
of obtaining accommodation. All the gold offered in the open
security.
part
of
ments,
bears
also,
to
cover
there
is
their
little
sales.
In
disposition
otlier
to
depart-
enter
into
But all departments are steady, and the tendency is rather upwards. In
market here is therefore bought for Berlin, and it is believed spite of the money market uncertainties. South African gold
that tlie v.-hole of the German gold coin held by the Bank of and land shares have improved, and there is a quiet buying o£
England has been withdrawn. As yet the Berlin exchange British railway stocks. In the market for international sehas not reached the point at which sovereigns could be taken, curities the tendency is Ukewise upwards. Here in London
but at any moment it may do so.
sales are light, but in spite of the difficulties of the Berlin
The Directors of the Bank of England have, in consequence, liquidation the great operators on the Continent are acting
decided that they must take measures to protect their reserve. more freely than they have been of late. German and Italian
The reserve is now only about llj^ millions sterling, and the houses are supporting Italian rentes, and are assisted by the
stock of coin and bullion is less than 19 millions sterling. On newly adopted policy of Italy towards France. The rumors o£
Thursday, therefore, the Directors began to borrow upon con- revolutionary movements in Spain are less credited than t\.ej
sols for the purpose of lessening the supply in the outside were, and the Paris papers report that the French Foreign Min?
market. Fortunately, there has been a considerabe reduction ister has intimated to the British Ambassador in Paris that his
of the supply, owing partly to the gold shipments, but chiefly government is now willmg to assent to the conversion of the
new engagements
until the year
is
over.
THE CHRONICLH
28
Egyptian Preference Debt. A great funding loan is to be
brought out early in the New Year in Paris, and it is understood that the Russian Government will convert three further
tliereloans. The leading flnancial houses on tlie Continent,
and they
fore, are preiMiring the market for these operations,
Berlin
are induced to begin now by their desire to assist the
speculators, as any weakness in international stocks would
increase the difficulties of the Berlin liquidation.
Tliey have a difficult task to perform, not only becau.se of
the state of the London and Berlin money markets, but still
rvoL, L.
Company have
ropolitan Gas
The company, however^
struck.
has been able to get as many men as it requires, and it appears
certain tliat the stokers will be defeated. The Chamber of
Commerce in London has decided to form a conciliation committee composed partly of employers and partly of employed,
for the purpose of arranging in a friendly way all future labor
disputes in the Metropolis.
trade circular just issued brings out very clearly the revolution that is going on in the tea trade. So late as 1885 the
A
Ceylon tea consumed in this country was only 1 per cent of
the total, Indian ;tea was 37 per cent and China tea 62 per cent.
In the present year up to the first of December the proportion
of Ceylon tea has risen to 16 per cent, and that of Indian to 50
China tea has fallen to 34 per cent.
dle of November. Most of the members, it ia said, were unable per cent, while that of
that is, now supply the United
to pay their differences, and required assistance, but it was India and Ceylou' together,
of
its total tea consumption, while
per
cent
with
66
Kingdom
were
all
dewho
of
them,
sixteen
sustain
to
found impossible
clared bankrupt. In the hope of facilitating their operations, China supplies only 34 per cent.
of the severe Buenos Ayres crisis. The October
liquidation on the Buenos Ayres Bourse, which ought to have
terminated at the end of the month, was protracted to the mid-
more because
the speculators in Buenos Ayres have for some months past
been dealing very largely -on the Monte Vldean Bourse, and
the difficulties there were more seriovis even than in Buenos
Ayres. The committee of the Bourse had twice in succession
to postpone the liquidation for a week, and it is said that an
utter breakdown was finally prevented only by the intervention of the Presidents of the Argentine Republic and of
Umguay, who used their influence to induce the banks to
give the accommodation required.How the November liquidation was got through in both cities is not yet known here,
although it is understood that the difficulties were extremely
great. And now another liquidation has begun, which is exciting very general uneasiness. The Argentine Government
has reopened negotiations in London for a loan of eight millions sterling. A syndicate of London and Paris bankers some
months ago agreed to make the advance on condition that the
money was to be used for withdrawing bank notes, and that
if the notes were reissued the loan was at once to become repayable. The Argentine Government refused to accept this
condition, and it is rumored that it has now concluded arrangements with another group. This, however, does not
appear probable. The members of the first syndicate insist
upon their condition, and will not co-operate in any loan
«xcept it is agreed to. Without their help it is not likely that
the money could be raised, and even with their assistance it
is doubtful if an Argentine Grovemment loan could be placed
here at present.
Brazilian securities of all kinds continue to dwindle in value.
The news from Rio leaves no doubt that the revolution was
«ntirely the work of the military. Whether the people sympathize or not, at all events they remained passive, and their
indifference alarms investors here.
They fear that some
other general may upset General Fonaeca, and even if that
does not happen it is questioned whether a military provisional
government wiU be able to prevent secession and to establish
Enellali Financial ITIarkets— Per Oable.
daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Jan. 3:
The
Bat.
Xiondon.
BUver, per oz
CoD8oU,new 2%
d.
perota.
for account
do
4378
9616,8
971,,
Pr"©!! rentes (In Parle) ti. 87-8:iia
107 "4
a. S. 4'38 of 1891
129»i2
a. 8. 4s of 1907
75
Canadian Paclflo
Ohio. Mil.
&
8t.
721%
Paul....
121%
Central
Illinois
Lake
Slioro
1111a
l.ouisvirc & Nashville.. SB's
75
Mexican Central 4s
N.Y. Central & Hudson. lllM
N.Y. Lake Eri» & West'n 273i
104%
2d cms
do.
Norfolk
* Western, pref.
Northern Pacltlc, pref ..
Pennsylvania
Philadelphia &. BeadlnK.
Union Pacific
Wabash, pref.
6218
77%
5478
20
70%
3212
Hon.
Tue*.
431B,
4315,8
9613,6
96''8
Wed.
Tlmr$.
Jfri.
44i«
973,6
976,6
975,6
975,6
87'75 87-95
44%
96i6i,
971i
87-471S 87-75
107 14 1071a
1291a
1291a
74i«
7478
7118
70%
1211a
1211a
107'8
107%
8678
871*
7438
74%
111
110%
2658
26%
101 la 10114
6218
(;2
75I8
76 13
6478
5473
1914
I914
66»8
66=8
3lia
31%
107 1«
1291a
77»8
107 13
1291a
78
71%
121%
7179
I21i«
1077e
6938
7214
10778
88%
X7258
xHO'4
27 3g
105
iim
27 1«
104%
621s
62
77 le
761a
6958
54%
20%
69%
31%
32
546e
20
Commercial ixn& W^iBCcllmxtovcB gttetus
National Banks. — The following national banks have
recently been organized:
4,lgS— The Fitiaarld National Bank, Maia»>. Caoltal $50,009.
I". McMaster, President; Joseph H.Walker, Cashier.
Albion
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandise.
The total imports were $8,334,333, against $9,394,393 the
preceding week and $11,703,468 two weeks previous. The
exports for the week ended Dec. 31 amounted to $5,579,553,
against $7,540,639 last w-eek and $6,710,593 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) Dec. 26 and for the week ending (for
general merchandise) Dec. 27; also totals since the beginning
of the first week in January.
FOREIGN LMPOET8 AT NBW TOBK.
1886.
For Week.
1887.
1888.
1889.
I
a federal
republic as proposed.
Mr. R. Giffen, the commercial assistant secretary of the
Board; of Trade, one of over most eminent statisticians and
economists, read before the Statistical Society this week a
paper on the accumulation of capital in the United Kingdom
from 1875 to 1885, comparing it with the accumulation in the
preceding ten years. Of course the figures are estimates, but then
they are the estimates of an expert of high authority. He concludes that the total capital value of the property of all kinds
of the United Kingdom was in 1885, 10,079}^ millions sterling,
compared with
8,500 millions in 1873.
was
somewhat over
therefore
Dry Goods
Gten'lmer'dlBe..
Total
Sttiee
Jan.
$2,401,869
$8,965,059
6,-i70,353
$2,475,337,
7,054,6 17|
$3,093,231
5,236,101
$8,775,222
$9,529,954
$8,331,332
1.
I
$115,456,205 $121,743,445 8125,876,999 $134,486,223
Dry Goods
Gen'lmer'dise.. 318,838,988, 343,614,956 3j5,025,537| 363,567,815
r
ital
52 weeks. $434,295,173 $465.353,401'$460,902.536 $498,054,038
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending December 31 and from January 1 to date:
EXPOBTS FHOM NEW YORK FOR THC WEEK.
The apparent increase
1,500 millions sterling, or about
$2,349,325
6,615,734
1886.
1887.
1888.
1889.
$.7141,137
313,844,641
$6,025,808
301,974,297
$t,765,559
295,083,130
$0,579,552
337,951,012
1
yor the week..
.
In the preceding ten years the increase was Prsv. reported..
about 2,400 millions, or 40 per cent, being at the rate of 240
Total 52 weekE. $320,985,778 $311,000,165 $299,868,689 *343,530.564
millions sterling per annum, whereas in the latter ten years
The following table shows the exports and imports of specie
the rate was only 150 milUons sterling per annum. The differat the port of New York for the weeK ending December 28 and
ence is mainly due to the difference in prices. According to
since January 1, 1889, and for the corresponding periods in
Mr. Giffen, the multiplication of useful things was not less in 1888 and 1887:
the latter than in the former decade. Mr. Giffen believes that
EXPORTS ANU IMPORTS OF SPECIE AT NEW TOEK.
England possessed about 8,616 millions sterling, or about 86
Export*.
Importt.
per cent of the total, Scotland 973 millions, or about 9-7 pe^
eoid.
Week.
Since Jan.l.
Since Jan.l
Week.
cent, and Ireland 447 millions, or about 4-3 per cent.
$13,925,922
Britain
$477,134
Delegates of the South Wales coal miners met again this areat
$
27,718,805
1,654,804
Prance .... ..........
week, and decided to reopen negotiations with^heir employers
22,273
1,849,373
61,349
4,581,217
li5,306
1,218,683
in the hope of coming to an amicable arrangement. There West Indies.. ........
30,300
yiexloo. ...... ........
96,829
was a very conciliatory spirit displayed, and it appears proba- South America.
2,328,476
250,863
""7,656
76,200
coim
tries.
875,103
ble now that a strike will be averted. The smaller labor dis- Ul other
$64,349 $48,683,193 $122,350 $6,452,791
Total 1889
putes throughout the country are gradually coming to a set59,319 32,303.827
1 8,355
Total 1888
6,060,150
tlement likevrise, but the stokers employed by the South Met30,544
6,084,615
123106 38,451,549
Total 1887
17)^ per cent.
.
1
Januart
THE CHEONICLR
4, leso.j
Bxportt,
IrHptirti.
New fork
Slhir.
«inceJan.\.
Week.
Great Britain
FYanoe
Germany
West Indies
Mexico
South America
..
Wtek.
701.392 «20,293.771
228.000
3,000
26.287
164,201
$18,468
3"i5,739
'"2>2V4
2,2-J'
All other oonntrlea,
27.398
$48,108
47.017
124,179
12..523,10.')
—
2,000,0
2,000.0
3,000,0
1.000.0
1,000,0
1,000.0
300,0
600,0
1,000,0
300,0
200,0
$1,51)4.133
2.111,57.')
2,127,534
columns to-day a selected list of .municipal bonds,
guaranteed (tax-exempt) stocks, and railroad bonds, for careParties desiring to make selections for investshould not fail to consult this list.
ful investors.
States Life Insurance Co. appears promptly
40th annual statement. The
insurance in the year just closed to the
and paid to policy-holders $662,446.
its
company wrote new
amount of |8,463,G2.'5
—
our advertising columns.
Boston, offer for sale 6 per
cent gold bonds of the City of Colorado Springs, Colorado,
principal and interest payable in New York.
,
—Messrs. S. V. White & Co. offer City of Columbus, Ohio,
street railway 5 per cent bonds.
See particulars in advertisement.
offered in our
is
called to the
of investment securities
Messrs. John H. Davis
Co.
lii-t
&
columns to-day by
gauUiu0
SpEjycER Trask &
TRANSACT
A Trader!
Greenwich
2{X),0
Leather Manatact'ra.
Seventh NHtlunal
600,0
300,0
New
State of
York...
Commeroe
Broadway
ICercantile.. ....
Paolflo
Rauover
Nassan
Market
A Fnlton
NiubolaA
4boei& Leather
Ooro KxchauKe
(]o.,
.
....
Central Vatioial..
..
SecoadNitiom.!, „...
Ninth Vitloual
National
Third National
!7. Y. Nat'l Exchange
fflrnt
Bowery
Saw York County
R.
W<**t*m
All classes of Securities Bought and Sold on Commission. Special
attention Riven to Investment Securities. Direct wire to each otUoe
and to Philadelphia, Boston and Chicago.
280,3
402.3
IDl.d
697.6
202.7
248.3
Total.
.
Capitai
g.SSO.O
6»6,l
686.0
3,604,7
603.2
6,860.7
777.6
J04,a ,8.77rf323.9 10,17?;
9.8611
l,i>KII,8
876,6
1,264.3
330,7
2,690.9
998,6
406,9
2)<4.4
8,977,4
631,9
670,9
3ti3,4
277,0
4,2811.0
3'i8,2
366. :j
4,628.7
2,080.0
20,9995
2,187.0
114.1
19,173,3
2,055,4
132,(<
l.Sl.f,!
i,3oe,a
166,9
3,260,0
6,083,6
112,9
222,6
16,840,1»
.3,13st.l
7,006,0
1,517,0
B3/,0
147,1
4,014.(1
5,010,2
22,342,6
7,135,8
1,401,2
2,S77,2
2.521,
2,754.9
10,461,8
3,830,9
2,876,7
2,588,6
4,962,8
2,536,8
2,9T3,»
1,712,9
4,042,8
2,162,0
2,896,0
217,ti
752,9
717,1
4232
881,6
408.8
258.9
290.'1
275,0
482,3
230,1
145,8
89,6
1,3(18,3
4,687,7
1,648,7
141,3
492,0
696,0
416,7
2,323,0
83t,2
186,5
142.6
1,267,7
687.5
718,9
I
I
Specie.
Nov. 30
CITY, COUNrY, SCHOOL,
WATER AND STREET RAILROAD
"
"
BOJVDS
Call or send tor
Bonds
interest,
January Bund
above
of c!a?s
List,
21...
28...
Deo. 14...
"
21...
"
28...
containing offerings of choice se-
n.'^raid,
netting 4 per cent to 7 per cent
amounting to
HARRIS &
Phlla
Deo.
'•
"
65,S44 9 150,146,S
65,644,9 150,011,8
65,544,9 160,022,0
28
CO., Bankers,
35,132,3
Sa.lii.i
93.995,0
93,481.0
Bid.
America
2(10
Am. Exch... 163 >g
Asbnry Park
Bowery
280
Broadway . 295
.
PETER^s,
CITY OF OE^VViKR,
COL..
As-essed valuation
Total indebtedness
Population.
$41,643,000
* $650
000
125,000
ALSO,
CITY OF COPNCII. BLUFFS (IOWA)
PER CENT IMPROVEMENT BONDS,
and a Una of desirable Railroad Bonds paying from
5>i
A,
SPECI.^L.
34,4
!<80.0
654,0
l,)>24,tt
4,866,8
2,266,0
8,608,0
1,960,0
9,993,8
8,980,0
II
5.560,7 26,141,1 398,720,8
9
OILLETT,
NE^V
90
8tf^ai.lil2.1S3.0l 61.806.7
Agures.
Chase
260
208
168
102
t Inclad'ng, tor
Bid.
Ask.,
400
German Am. 123
German Ex. 260
130
Germaula
270
306
Greenwich..
146
>360
147
Hanover
380
Hnd. River. 145
Im.
Trad'i' 645
Irving.
1180
670
200
&
Leather Mis' 240
Lincoln
ORK.
NOTICES.
Manhattan...
Markets Ful '200
Mechanics'.. 205
M'chs'iTrs'. 210
110
195
Mercantile.. .!200
Merchants'. .1160
Merch'ts Ex. 120
Metropolitan 12
125
isy
Metropolis... 325
Mt. Morris
..
361
Murray HIU. 275
167 Hi Nassau.
New York...
160
243
tycoUlVTY BONDS -EIGHTY THOUSAND OTINNE
I
BANKS.
I
Bid
N.Y. Coanty. 450
N.Y.NatEX. 130
Ninth
;166
N. America.. '190
North River. ;i46
Oriental
215
Paciflc
1180
'250
Park
'230
People's
Pheulx ..
140
Produce Ex. 110
Republic
,180
Seaboard
140
'326
Second
beventh
ISO
Hhoe<&Leatb 156
Sixth
250
Nicholas.
8t
126
State of N.Y. 112
Third
ISO
Tradesmen's. 85
UnltetlSt'es. 216
.
Western
West
226
Side..
Br'dway
&
7thAv. -St'k..
1st mort.. 5s. 1904
2dmort., 59, 1914
B'way Surface bd3...1924
Boudsgiiar., 5s, 1906
Brooklyn City— Stock
Istmort., 5s, 1902
Bkiyn. Croestown— Siooa
latmort., 78, 1908
Bnshw'k Av.(Bklyn)-St'k
.
240
106
106
235
105
104
104
96
105
195
108
140
Central Croastown— St'k.. 140
Istmort., 6a, 1922
118
Cent. Pk.N.&K.Rlv.— stk. 114
Consols. 7a. 1902
1118
'132
Ohrist'ph'r&lOth St.-Stk.
Bonds. 7.«, 1898
110
Pry Dk.E.B..fc B.it'y—Stk 130
1st mort.. 7s, 1893
107
105 '4
100
130
106
200
110
143
143
121
117
121
1138
1113
135
I
1914
108
42a 4 Or'ud St. P'ry-Stk.
Isl luort., 7», 1893
108
42rt St. Manh.* St.N.Ave. 41
Ist mott., 6», 1910...
113
'2d mort., income, 6s
60
Houst.W.St.* P.t "y-Stk. 200
1st mort.. 78, 1894
109
Ninth .'.vo
96
Second Ave.— Stock
102
Istmort, 6s, 1910
105
Sixth Ave.— Stock...
190
Istmort, 7s, ItOO...
105
Third Ave.— Stock.
240
Bonds, 6g, 1037
HI
iTwentythlrd St—Stock,. i60
let mort, 79, 1893
107
I.
160
117
160
160
ia5*"
116
140
98
96^
360
City Railroad Securities— Brokers' Quotations.
30
D. D. E.B. * B.—Scrip 6s. 105
117
Eighth Av.— Stock.
180
.
haha County, Dak., Court-House 4 la per cent Bonds. Maturing in fif
teen and twenty years. Assessed valuation $7,828,290. Total debt
only $92,000. Population 25,000, Debt limited by
statute not ex
oeedlng 4 per cent. Offered by the E<jurrABLE Mortgage Company
208 Broadway, Kew York. See card on first page of Chronicle.
68,161.0
74.480.0
Boston aad Phlla.
.
1200
Madison Sq.. 102
;
First
2000
14 th Street.. 163
166
265
91,444,0 3,13^.0
'207.0 3. 135,0
—Latest prices this week.
Garfield
197
Commercial.. 1(12
112
Continental
137
Corn Exch... 240
East Biver.. 166
11th Ward... 145
Fifth
225
Fifth Ave... 1100
Fourth
aaUatin
List
5.261,7 130.200,81 2,537,5 101,061.3
6,114,7 1-29,1.34.7 2.514.31 98.182,0
6,298,4 127,402,2 2,517,1 80,368,8
Bl'ckerSt. A i'uL F. -Stk. 28
Ist mort, 78., 1 riOO
116
FOR SALE BY
WALL STREET,
143
to 6ia per cent
Interest.
ORISWOLD
Central
Columbia
W»
Commerce... 195
City.
15-YEAR 4 PER CENT BONDS.
5
2,5169
12.349,8
4,016,4
3,646,1
2,902,4
6,HOO,0
2,721,3
3,561,5
2L-l,122,0
BANKS.
Ask
Cliatham
310
Chemical.... 4100 4800
City
485
Citizens'
180
190
Nasian Street,
New Vork
6
4,9700
6,6305
22,077,5
7,974,8
1.284,5
2,707,0
2,999,5
22,906,0
22,919,0
the itAm ''dun t.nnt.hAr hAnlta ."
Butchs'&lJ.'. ;?£
tti
2,'<32,(>
1,»4«,9
16,060,6
7,684,0
L^galt. \Depotits.\''t'r.ft, Clearintt.
9.353,3:
9,163.4'
8,724,3,
35,132.3' 84,988,0
..
BANKS.
70;8tate Street, Boston.
HUGH
6.287,a
4,702,7
2,110,0
21.066.0
23,010.3
390,Ob8,9i75,072,2 25.458 6' 3t.5. 600.6 3,l>0.f,0 751,460,9
392.614,3 76,786,7, 26,20i;i 398,376,,* 3,K46,4 703,928,8
394,761,8 75,6'30,7 26,141,1 398,720,5 3,731,3 006,992,9
•
14...
21...
ft.onia.
103-16.3 Oearlioru Street. CnicnKO.
J.
4.2 <£S
1,865,7
3,190.1
oat.221,l!75,05l),7 26,299,5' 31(8 588.2 4,035,4 856,302,8
Bank Stock
W.
2,860,0
9,996,5
3.048,1
396,'9»3,0, 75.832.9 26.199,3 400.681.4 4,050,7 626,608,8
'WeomittwociphernnaUthae
$1,061,500.
]V.
, «,378,7
I6,002,ft
Boaton.*
FOE SALE.
lected
11.164,a
6,6«a;3
3,U48,S
$
117,712.8
117.712,8
I17.7ri,8
118,604.8
118,604,8
...
7...
14...
'•
7.640,
,».oe4..
179,8
608,7
208,1
468,4
296,0
661,0
86,0
838,8
110,6
322,0
&
4,648,'-
161,6
1,693,1
N. York.'
Deo.
>4,<M,A
10,166
119,4
852,0
206,3
668,4
360,6
696,7
806,0
1,810,(
1.896.1
,2.804.T
21(1,0
442.6
207,4
11,149,7
4,180,0
2.'i8,0
184,8
83,9
S7U,4
250,0
1,606,6
314.0
725.4
324,2
106.6
478.6
119.2
343.6
486,9
210,1
161,4
16J,4
210,6
81,8
392,0
213,0
684,9
427,8
1,780.6
738.7
120.9
202.8
843.8
616,0
401,0
446,3
883,1
694.0
141,0
3,403.0
806,6
8,7688
1.971,0
3,279,0
l,l47,a
114,1
87.('
416,0
753,0
563,7
255,5
319,4
6,107,8
307,4
138,4
394,:
289,6
201,3
127,6
673,0
830.4
2.113,7
2.804.0
6,449,0
„2,263.»
!'4,86S4
4,264,»
463,7,
1.11.3
6c.2,8
2.819.2
2.739.4
l,;05.<r
134,7
821.U
117.0
2,8.17.0
61,062,7 67,542,1 394,761.8
<xt
480,0
731.0
679.8
387,0
3.1163.
Sumlju.] Loam.
Banks.
1,960,0
1,018.0
1,096,6
1,417,0
1,908,7
446.(1
2.867,(1
m
S
6II.S.1
IU,831,6
6,300.2
2,116.6
4.295.2
13,863,4
1.2S13.8
3,600.0
300,0
P^atloTiftl
Ftrit Natlonal,B'klyn
I.:
801,8
860.9
889,2
634,0
266.0
482.0
750,0
600,C
100.0
200,0
200,0
600,0
300,0
200,0
160,0
300.0
200,0
600,0
200,0
Sixth NationaL
City.
1,046,9
200,1,
German. A merioan. . .
Chase National
, .
fifth Aveiine
,.
Serman Exchange...
West side
PROVIDENCE.
S,28l,'i
1,000,0
1,000,0
300,0
1.500.0
2,000,0
240,0
250,0
3,200,0
2,000,0
300,0
750,0
6J0,0
1,090,0
300,0
250,0
3eahoui'<1
New York
406,4
1,631,5
760,0
600,0
600,0
Oontlnental
Oriental
Importers' A Traders
Park
North Klver
Ea-t River
Fourth Nattonp I
>tO,7
1,000,0
«00,0
600,0
600.0
rrvlng
mtlaens'
A356,l
21,268,1
3,621.6
4, f 89,0
1,943,8
2,617,0
1,182,0
3,127,6
l,»8/,2
3.6b7,l
17,218,0
14,866,4
6.80 1.
7.288.8
130.3
1,372.5
287,7
222,2
lOa.C
601,8
460,0
200,0
700,0
yorth America.
9.944.2
4.397.0
9.260,7
21S(.0
6,0.j2,9
422,7
1,600,0
Eepabllo
Uhatliam....
Peoples'
8.4-1 2,0
2,342.H
Dn otui.
f-«»'».
~'i
10,460,0
9,301,0
7,276.3
5!il.»
1,200,0
6,000,0
6,000,0
1,000,0
1,000,0
iarflein
Fltth National
Bank of theMetrop..
GENERAL BANKING BUSINESS.
A
rnwiesmen's
Obemlciil
MerohiiDts' Exch'nge
SalUtlii National
Bntohers' A. Drovers*.
'^ermanla
TDlteil states
Lincoln
autl ^Imtnclal.
BANKERS,
No8. 16 and 18 Broad Street,
ALBANY, N. Y.: SARATOGA. N. Y:
CMty
St.
The firm of Matthews & Whitaker, .St. Louis, is succeeded
by Messrs. Whitaker & Hodgman. See notice of change in
— Attention
Amerio*
Phanlx
Mechanics'
1,66H.7
l,240,e
8h3,H
1,773,0
1,87.%6
2.1150,0
American Kxohange..
in our
—Messrs. Adams, Blodget & Co.
•
tCerohuits'
iCeebantoa'
— Messrs. Coffin AfStanton, bankers, New York and London,
with
Loans
•
72.525
901,426
of the Stock Exchange.
ment
—The United
Sumbu.
»
2,000,0
&
oflfer
Oavital.
Buikof New York..
KkDhattan Co
&
members
Banks.
(OOi omitted.)
973
283.040
231.945
Tlie old firm of Coleman Benedict
Co. expired by limitation Dec. 31st, and has been succeeded by the firm of James
McGovem Co., Mr. Lemuel C. Benedict, son of Mr. Coleman
Benedict, being Mr. McGrovem's partner. Both gentlemen
are
Citr Bank Statement for the week ending Deo
foUows. We omit two ciphers (00) in all oatet
1889. is as
14,711
J70e,619 *2I,218,600
632,000 13.880,604
391.0.22
8,
$109,507
190,602
Total 1889
Total 1888
Total 1887
Since Jan.1
29
STorlp, 6».
lOS
18»
110
I
I
I
I
I
48
lie
62 <t
iio""
100
104
107
200
loa
260
103
aes
109
THE CHRONICLE.
80
%ht
times reduced to accord with the changes in the market, and
at one time quoted at 4 80 and 4 84. To-day they are
4 80>^ and 4 U^.
To-day the rates on actual business were as follows, viz.:
Bankers' 60 days' sterling, 4 79i^@4 79Ji; demand, 4 m}4@
4 88?^. Cables 4 Hl^&i U%. Commercial bills were 4 78i|(a
4 78V. Continental bills were: Francs, 5 23i^«5 22J^ and
5 20%@5 20; reichmarks, 94?^ and 95^ ; guilders, 39^@
40 and 40i^@40i4.
The rates of leading bankers are as follows
gauliers' Olaijette,
were
DI VIDBRDSi
The following dtvldend* hare
recently been announced
Cent.
Bookt Cloted,
Wtten
ruyable.
Ptr
Somtof Compann.
I
L
[Vol.
{Days tnciutive.)
:
Rallroada.
2>a
Canadian raclHr
Cnmberlaud Volley
Detroit HUlMlale &
"•••
Iron
(quar.)....
2
Bouthwestem
2
m
Ilavon & Derby
Paterton AHudHon
Patereon & Ranmpo
1
New
Ptttalleld
4
4
2J9
2'9
& North Adams
Book lalaml *
I'corla
3
Rome WatiTtowD A Oplcnsbnrg
8t Paul Mlnncap. i Man. (guar.).
I
IHi
Sbnro Llue
3»9
;•
:-•.
Wlliulnirton Columbia & Auguata.
WUmiuKtott * Weldon
4
Eleventh Wanl
4
Ware
3
Bnuka.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Sixth National
3
«
Jan.
Jan.
Jan.
Ntagara
°
Jan.
81. NIeholiis
.
Fire lUHuraucc.
inlarellniieoiiH.
Fifth Aven\ie Safe Deposit
* In London, Jan. 12 to Feb. 17.
'
2
I
Feb.
17 *Jan. 20 to Feb. 17
1
January
6
10 Jan.
10 Jan.
to Jan.
to Jan. 10
2
2
IDec. 10
to Jan.
4
Feb.
Jan.
2
161
I'Jan. 19 to
9 Dec. 27 to
1
10 Jan. 2 to
15;Jan. 2 to
9
Jan. 10
Jan. 15
2 Dec. 25 to Jan.
1
2
Amsterdam
1
Jan. 24 to Feb.
Satnrtay...
,
,
i
4.u
tmknown earning capacity.
Upon the whole, the new year outlook seems very strong,
but something may turn up not now foreseen, or perhaps
when there is general expectation of a rise it may fail to put
in an appearance.
The open market rates for caU loans during the week on
stock and bond collaterals have ranged from 4 to 45 per cent,
Prime commerand to-day the rates were 5 « 20 per cent.
cial paper is quoted at ^%i&&% per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £463,000, and the percentage of reserve to
liabillti^ was 27'17, agaiast 33'27 last week; the discount rate
was advanced on Monday from 5 to 6 per cent. The Bank
of France lost 11,650,000 francs in gold and 5,175,000 francs
in silver.
The fcllowing table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
:
Legal reserve
Bceorre held
I
1889.
Viffr'nc's fr'm
1888.
1887.
Dec. 28.
Vrcv. Week,
Dec. 29.
Dec. 31.
3.'731 ;i()0
'308.:
J.720,
|
i
Surplus reserve..!
5O0
26,141, 100
99,680.125
»,680, 125
101,701,800
701, 800
60,762, 700
52,402, 600
2,217,500 388,798, 700 356 ,540.000
1,226,000 76,521, 300 71 139,300
Dec, II.-.. 20c
8,,077,300
4.862, ,300
Iiio
344,200 400,314, 600 359,359.800
Dec.
60,000 29,83s, 700 27, ,259,800
86,0.'>0 100.078 650 89, .839,950
Inc.
Dec,
Dec.l,286,OO0|j.O6,360i
000 98, .399,100
2.021,«75;Dec.l.372,050'
Exchange—The
much demoralized
6.281,3501
8 ,559,150
exchange market has been very
during the past week, owing to the high
rates for money which prf'vailed on several days of the week.
Exchange rates declined sharply and were very irreg^ar
until Thursday, when a steadier tone was iniroduced, money
being easier in tone, though pushed up to high rates on a
florry. The anticipation of gold imports on these low rates
became lees when tne Bank of England quickly raised its discotmt rate to 6 per cent on Monday, instead of waiting till the
regular meeting on Thursday, Posted rates were several
sterling
OStringa.
I....
®95>«
Pmeh'a. PHca paid
1£6!E
tl0.4DO
2,500
tlO.400
2,600
188
i2e
126
104M
Tuesday....
5,0C0
6,000
Thursday...
B.OOO
2,5'0
B.OOO
66,500
65,500
2.tO0
400
400
ffiS.SOO
$68,800
Holl
B-rlday
Tot.l.
1
»12.SflO
flS.-lnn'
lOVii
he closing prices at the N. Y. Board have been as
Interest
Dec.
Periods
28
Dee.
30.
»105
*105
12638
•12738
*116
*118
J.l*118
J.|*121>3 '121
J.*124ia •124
105
105
1-26%
12738
J. I* 116
rcg.,i
1891
41.2s. 1891. ...coup
re(f.
49, 1907
4s, 1907
coup O.Jan
4123,
,,,,,,,
Specie
Circulation
deposits
Ket
_ ,
Le^al tenders
paid.
Monday
1.0*2, ,700
61.<
57.i
.512, 100'
1.761, SOO Inc
dlsc'tB. '3!»4.'
75.1
.560, 700 Uo<',
95
4 Per C«nt» due 1907.
18M1.
PHcu
Oterinot. purch*«.
The outlook seems very healthy, whether we look at the
situation as regards material facts, such as railroad earnings,
prosperity in iron and other trades, and general business activcapitalists and
ity, or at the speculative position of leading
operators. It would be difficult now to pick out any influenmarket,
tial parties whose interests are on the bear side of the
and except the anthracite coal stosks there has been no group
or class of stocks for some time past that really offered any
encouragement to bear sellers; of course this refers to the
time since all the Trusts had their break and touched comparatively low prices.
On the other ;hand there may be some doubt about the
money market, whether it will remain as easy as last year,
though all recent experience points to a fairly easy market between January 1 and April 1. Prices of many stocks are imquestionably higher than a year ago, but most of these (not
all of them) are stocks of substantial character, and so far as
the prospects of tlie market are concerned it makes a vast
difference whether a stock of the Vanderbilt sort is selling at
120 or a Trust certificate of unknown capitalization and
Loans aud
2ma5
—
*H Per Cmt$ iue
easier.
Biirpliis
94i«®94i4
United States Bonds. Government bonds have been very
little dealt in on the Stock Exchange, and the only featiu-e
was a reduction of }4 in the bids for the 4s. The offerings to
the Secretary of the Treasury have been very meagre indeed,
and he has purchased only $81,300 during the week.
The statement for this week is as follows:
best feela very strong tone at the close to-day and about the
per
ing of the week: and although money loaned as high as 20
the
cent on some transactions, this was quite exceptional, and
general sentiment was that rates next week would probably be
Capital
(ijiiiUlers)
Frankfort or Bremen (reichmarks)
2
WAI.i. HTUEBT, FRIDAY. Jan. 3. 1890-3 P. MThe Monej Market and Financial Situation.—The year
a.s
has opened ou very dull markets at the Stook ExcUan«,
micht have been expected, while rates for money were hable
But there was
to run up to 45 per ceat on tha least pressure.
much
4 84I3
20%
5 2438*5 23% 5
39ii,e®40ii8
399s a39%
Paris (francs)
li
Demand.
Sixty Days.
3.
4 8012
Prime baukera' sterling bills on London.
4 78 ®4 78%
Prime commerclaV
4 78 ®4 781s
Documentary commercial
Dec.
31.
•105
105
Jan
1.
188
foll ows
:
Jan.
Jan.
2.
3.
•104 ?i
104%
•104% 104%
•126
12638 126
t»
«
•127
*xl26 126
•116
•116
116
•118
•118
118
fi
•121
td
•121
121
•124
•124
124
reg.lJ.
63, cur't;i,'98
•126
•126
.reg. J.
J. 1*127 1'127
6s, cur'jy,'99.
126
This is the price bid at tne morning board no sale, was made.
Stitte and llailroad Bonds. Sales of State bonds have
not been large, a summary of the week's business being as
follows: North Carolina consol. 4s at 98}^-97; do. sijecial tax
at 8J^-9; South Carolina Brown consol. 63 at 1053^; Tennessee settlement 3s at 74i^-3i>^; do. 6s at 109 Jg; Alabama Class
at 104; Virginia 63 deferred, trust receipts, at 9; Louisiana
consol. 4s at 93.
Railroad bonds have had a fair business and the tone has
'
.
cur*cy,*95
OS, cur'cy.'yo
6.S, cur'cv-'97
I
re.e.lj.
refr-]J.
rejr.iJ.
i.s,
. .
I
&
&
&
i&
,
;
—
A
continued firm throughout the week, and the tendency rather
upward than otherwise. There have been no special features
and the business has been well distributed over the list. On
a subsequent page we give our usual table of the range of the
more active bonds, which is now complete for the year 18S9.
Railroad and Miscellaneons Stocks. Business improved
somewhat in volume during the past week and the year
closed with a decidedly strong tone to the stock market. There
was continued weakness on Saturday, Dec. 28, and a little selling of some stocks, and this was followed on Monday by a very
weak opening and considerable irregularity. The announcement
came of an advance in the Bank of England rate to 6 per cent,
which was made unexpectedly on Monday in order to protect
This was followed by a sharp flurry in
its gold reserve.
money here, the rate going up temporarily to 40 per cent, and
ruling high all day. This further increased the uneasiness, but
a sharp faU in sterling exchange led to expectations of possible gold imports and helped the market a little. The next
day the last of the year the market was rather unexpectedly strong, most of the leading stocks improving moderately,
—
—
a
few
to the
—
specialties showing much strength. The easier feeling as
money market that day had much to do with the improve-
ment, together with the announcement of the Secretary of the
Treasury that he would anticipate the payment of interest due
January 1 on the 4s but there was also covering of shorts by
a number of operators who did not care to continue their conThe market has since been generally
tracts over the holiday.
firm and prices well held, notwithstanding that money was
;
up to 45 per cent on Thursday afternoon.
coal stocks, contrary to their usual course of late, have
strong this week, for no apparent reason except
quite
been
that they have been given good support, and there has probably been a good deal of covering by the shorts. Jersey Cenforced
The
was advanced over 6 points, and Lackawanna and Reading were both active and strong. Missouri Pacific has been a
prominent feature aU through, and moved down and then up
again sharply, touching 735^ this afternoon. The Vanderbil1»
all sold ex-dividend on 'Tuesday, and have been well held.
Tennessee Coal & Iron went up sharply to 86 on inside
The Chicago St. Louis & Pittsburg stocks have also
dealings.
been very strong, the preferred advancing nine points.
The Trusts have been relatively dull most of the time, with
Sugar a little more active, though fluctuating less erratically
tral
than usual.
Lead became active, and advanced on Thursday
and to-day on rumors of a favorable return of profits to be
made.
•
Jancaby
THE CHRONICLE.
4, 1890.]
STOCKS— PRICES AT
STOCKS.
RR.
Aetlve
N. T.
Atclilaoii Top. &
Atlaulic ii Pacific
Canailiau Pacitic
Canad a Sout Uem
Central of New Jersey
Central Pacific
Cliesapeake &0.— Vot.Tr.cert
do Istprei..
X)o
do 2dpref...
Do
ChieaKO BiirHnfclon & Qiilncy.
Cliicago A Eastern Illinois...
Monday,
Tuesday,
Dec. 31.
Deo. 30.
33% 32=8 33%
•5
6
6
7258 72»8
72
72
5«i4 561s
6519 5618
120»4 121
1191a 1201a
333e
•3314
5
33% 33
34
34
33
33
81
81
8014 83
prof...
Do
6918 70 '4
6818 68%
CWcaeo Milwaukee & St. Paul. 113
114% 113 114
pref.
Do
IIOI2III
10978 11036
CUcago Nortliwestem
prof- 142iu 1421a 141
143
Do
96I3 97
97»8
Pacific.
96'e
Chicago Kock Island &
^
'
1438 1438
Chicago St. Louis & Piitabiirg. 141a 16
40
40
4018 41
prel.
Do
33 33% 3212 34
Chicago St. Paul Mln. & Dm.
96
•U6
9812
99
Pief.
Do
«fe
Cleve. Clnoln. Chic.
&
St. L...
Do
pref.
CoIumbusHocklngVal. &T0I.
Delaware Lackawanna iSWesl
Denr. Tex. & Ft. W., Vot. cert.
East Tennessee Va. & Ga
Do
Do
Istpref.
2d pref.
KvacsvUle A Torre Haute
Green Bf.y Winona & St. Paul
IlUnoii Central
Lake Erie & Western
Do
oref
Lake Shore & Mich. Southern
Loufsvlllo & Nashville
Louis. Now Alb. & ChlcaKO
Manhattan
Do
M.ls.«.ourl
2114 22
96
8438
& West..
& Texas
114
i>ref.
New York Lake Erie & West'
t)ref.
Do
New Yt rt & New Enitland
New Y( r Ontai io & vVest
New YorkSusquchai;. & Wosi.
;>
r
Do
prei
& Western
Norfolk
Do
pref
Northern Paoillc
Do
pref
Ohio & J Isslse'ppl
Oregon Sh. L. & Utah North.
Oregon & Traas-Contliiental.
Peoria Lecatir&Evansville.
Phila.&Kopd Vot. Trust. Cert.
Blohmonc! AWeat P"! Termlna
Do
KomeWatfTto
St.
Louis
& 8a
pref.
.vn«StOgdensb'i
.1
Francisco
Do
Do
.
.
pref.
Istpref.
& Daluth
pref
Do
St. Paul Mlnnap. & Manitoba
St.
Southern Pacific Co
69I2
38
Wheeling* Lake
Wisconsin Central Co
iniscellaneoiii) Stocks.
Chicago Gas Trust
Colorado Coal & Iron
Consolidated Gas Co
Delaware & Hudson Canal.
.
Oregon Improvement Co
Do
Oregon E'y
&
pref
Navigation Co.
Paolflc Mall
Pullman Palace Car Co
Tennessee Coal & Iron
Western Union Telegiaph
Traat Stockti, &c. (Unllsl
American Cotton Oil Trust.
. .
Do
Distillers'
&
Receipts
26
Express Stocks.
Adams
American
Unitod States
Well^. Farco & Co
Cincinnati Wash.
Do
&
do
17%
6912
381*
26°e
7I1
301a
19
301a
60
aoh
30ia
31
21
27318
741a
561a
56%
1 la
18
22
34ie
19
37=8
3838
20%
76%
21
105
15
39
92
112
15
3OI3
67=8
9iShi
pref.
19
;o
134% 136%
34
34%
9
66
914
914
65
66
201a 21
96 98
-212
4
7714
105
16
39
113
34«f.
20»8
68i«
161a
3114
67=8
I6I2
12
•100
xl07
I7I2
69
39
2538 26
6-^
62
4138
2tJi4
63
•19
3014
301a
21
6018
2913
30
72%
73=8
73% 74%
22
22
2-:
561*
331a
551a
561a
3414
5513
33
17
36
2OI4
7612
18
37I4
33%
17
21
3718
2014
76I3
76%
1031a 107
100
1514
1514
I5I3
38
38
•38
92
....
35
35
IIII2II2
341a
19=8
66''8
leig
3018
67
3414
2038
6712
161s
301a
68=8
42Ja
381s
41
413e
37=8
38%
91 14
91
9138
I44I3I45
146
43
42
42
"90
93
92
100 12 9812 100
60
31
82=8
82%
37
"si" 31
39% 39%
18% 19
10318 1031a
36% 5818
150
__.
153
82=8
33
30
3914
I8I3
132
238
56I4
150
a
o
S
-1
135
131
130
2=8
4%
19
61a
61a
20
aoig
These are the vn««t bid and
6I4
I2I2
18
6i«
238
"41a
38=8
20%
771a
110
102
•18
8
23
171a
5
5
102
20
10
28
lOia 121a
16
6%
61a
•6
3 lie
*30ia
20% •20
171a
6I2
7
20%
31 1«
wkdd no sale made
i
238
4=8
18
•8
24
6
74
21%
71%
22
55=8 56
33%
38%
20=8
77
105
15%
3914
39H
68I2
I6I2
3938
92
I4714
8338
36
31%
39 14
20
153
115
8514
135
2=8
5
IO214 IO2I4
I7I3
19 21
59% 60
30 30%
1614
xl33 137
2=8
7%
30% 30%
3414
19
10114 IO3I2
5733 59%
111 1139
131
173e
3914
2138
77
105
17
3914
I8I3
514
•11
16
•6
6I3
20
10
28
I8I3
6I4
121a
17'a
6%
6I2
20% 20%
*30i2
9514
113
34% 35
20% 20%
31
at lUe Board. ^ Piloea
•15% 16%
92
147
•42
90
•99
36=8
189
17
17 H
7%
7=8
30% 30%
-19
•59% 60%
31%
30=8
74% 75%
21%
2214
x52% 54
34% 34%
20% 21%
77% 77%
110
20
40
105
-16
•38
112%
112
35
35%
20% 21%
:67% 68%
1614
I6I4
31% 32
68
68%
33
33%
92
100
•90
•99
36=8
36% 37%
I8914 189 I8914
8314
8314
85%
83%
83% 83%
34
31
34
35
•150
86
81
103%
57% 59%
102=8
152% 152%
•133
113=8 115
•83
85
•133 137
130
135
'130
•83
•2%
4%
268
5
6
6%
135
-2%
414
2=8
414
102 "4 102% 102% 102%
-18
20
20
18
'8
•8
10
24
25%
25
I9I4
1914
19
19
•11% 12%
•17
18
6=8
7
•5% 7
20% 20%
•30
31
Jan. 9
h%Jhu. 11
58
Oct.
Oct.
220 33
75
Mar.
15% Mar.
56% Fob.
29% Fob.
89% Mar.
30% Dec.
6,406
1,553
2,133
9,261
1,000
505 77
,
8,567
4,200
11,506
3,795
1,289
31
2«
Mar.
Mar.
14
33
Jan.
Jan.
30%
19%
45%
Mar.
37
89
Feb.
96
300
8 '4 Jan.
100 63 Jan.
200 20 Apr.
86 Jan.
118% Dec 21
20% Auir. 9
Feb.
Jan.
Jan.
66i4 8ept. IX
51%
99% Mar.
108% Dec. 2X
96% Mar. 4
8714N0V. 16
49% Mar. 8
109% Mar. 4
99 14 Dec. 20
56I4 Jan.
84% Mar.
200 51% Jan.
loo 91% Jan.
f)9% Nov. 15
.May 28
14 Jan. 14
11-%
Doc.
9
64% Mar.
8 Jan.
100 81% Jan.
2,280 104 'e July
300 15% July
119 66% Sept.
25 34% July
15,770 25% July
800 61 Jan.
27,875 41% Apr.
6,505
1,375
1,080
1,260
2,520
12,795
100
2,419
5,950
20,711
2,533
Sept.
5
July
1
9
1
9% Feb. 12
Jan.
Mar.
Aug.
July
t
Dec.
Dec.
19% July
21% Apr.
17% Mar.
56% July
12% Jan.
7,110
21% July
60 Doc. 18
04% May 17
28 14 Feb. 13
50 Jan. 15
27% Fob. 13
107
Deo. 12
30
June 12
2
66% Jan.
114% Jan. 12
40% Jan. 14
95% Jan. 18
121%
3
Oct.
Oct. 14
23 Jan. 14
71I4N0V. 18
ls38Sept.l2
37%
9]
51
34i4 8ept. 9
7J%8ept.l2
8
35
24 Jan.
610 59% Jan.
«,205
23
81% June 7
Jan.
37 93 Jan.
160 14 Nov.
430 37 Dec.
27 85 Dec.
19 24% July
100 78% Nov.
1,745 92 Apr.
1,200
7,092
34,798
105
4,710
Kept.
22% Nov. 18
61% Nov. 16
36% Sept. 5
78% Sept. 3
24% Sept. 11
1934 Mar.
76
4
37
47% Mar.
28%
19=8 Feb.
Feb. 4
44% Feb. 2
30% Sept. 11
71% Apr. 26
53% Juno 25
22% Nov. 26
7 Dec.
Deo.
1414 July
49
2
77
14% Jan.
58%
12
78
101% Dec.
110% i'"eb.
30
25
May 23
ll%8ept.l2
Oct. 15
300 3714 Jan.
90 Jan.
2,060
60,342
Dec. 31
2514 Jane 14
99 Deo. 27
7% Feb. 8
536 89% Dec.
16,055
1,530
6
Fell.
76%
2% Dec.
21,976
15
12
101% Sept. 9
78%Oc>. 15
103% Aug. 12
28I4 Feb. 7
151 Sept 6
40% Nov. 21
58% July
July
370 11 July
15,966 134=8 Apr.
8,842 15 Jan.
1,030
15,461
9
25
114%!'i-pt. 12
144% Sept. 12
101% Sept. 9
89%
490 100
200 16
I
16
2»
107% Aug. 13
7514 June 6
118 Hept. 30
Dec.
61,035 60% Mar.
450 97 Fob.
8,69011102% Mar.
156 135
Di-c.
.'>7%Dec.
131 (Jet.
36% Jan.
2H Nov.
69% Aug.
16% Nov.
111% Jan.
49 '4 Aug.
Dec.
'20
June 7
Dec. 10
Dec. 20
Sept: 6
231 72% Jan. 16
10 107% Jan. 30
23 105 Sept. 20
81 40
Feb. 7
19 205% Feb. 11
23 86 Dec. 31
2, 88% June 6
62
34 Jan.
8,555 21 Apr.
39%
3,704 80% Jan.
94%
2,931 130 Mar. 18 156
425
41>4Nov.
75 Apr.
25 85 Apr.
8,518 31% Oct.
1,271 171 Mar.
13,080 31 Jan.
7,133 81=8 Dec.
1
2,824 27 Deo. 2| 61% May 29
35
500 28% Deo. 2; 33 Dec. 7
30% sm
900 38% Oct 23 47% Aug. 16
39% 39%
20% 21% 40,950 17 Dec 2l 35 June 25
153
115
85
137
115
4
HIgbMt.
47% Mar.
50% Jan.
92% Mar.
20
42% 43%
3914 41%
93
92% 93
147% 148 148%
44
43% 44
31%
39% 39%
21%
20
102% IO314
57% 59
26%
25
4,810
6,775
9,114
3o0 17
39=8 166,274 36
-17
38=8
4314
3914
92
100
13,631
21
94% 94%
...
4214
3914
8514
95
70% 7014 70%
38ii 38
38%
26=8
26% 26=8
63% 63 i
44% 43% 4414
19% 19% 19%
43%
150
115
514
11
16
571*
39
101
106%
3II4
68I4
3314
31
39
19
87%
86
39
1(J6=8
68=8
151
115
85
140
4%
•17
19
102% 103=8
115 ^112
HZ
8513 8512
[141
30=p
391a
90
89=8
106%
31%
67%
32%
•32
37
4
10638
68
82%
*2
118% 118%
14
105
43=8
I914
738
•41
•90
82%
9%
70
-12
17%
42
93
*QQ
1001-2 100%
3618 36%
3533 35%
35% 3638
188 1883b 187 187
188 188
7714 78
78=8 86
771a 78^4
ed.)
19%
136%
35%
102
31 14
68i»
3134 321a
146
98
14
112
42
98%
69%
67
1889.
for year 1889.
Lowest.
34
104
112% 112%
34=8 34%
2018 20%
38=8
•91
48%
-12
•92
15%
30%
67
97%
17%
102
93% 94
6734
39
94 14 94I4
26
30
21
914
14314
98 9914 98% 99
114% 116
115% 115%
1138 11% -11% 11%
72%
71%
71% 73=8
63
714
41%
42
90
39
26%
7*8
31%
38
91
145
85% 86
3812
7
84=8
102% 102% 101
70
59%
2Ha
4
11734
•38
43%
19%
19
00
30
2
117%
"
70
4238
19-%
4214
18% 19 14
7
30
17 14
•38
914
70
•89% £0%
14
105
107
17 '4
70
69
37
84
-17
18
18
'hi
63
62% 63
I0414 104=8 IO414 104%
94%
97
34% 35
20% 21% 20% 21%
96 98
42
102
96% x94
301a
pref.
Ohio Southern
Quicksilver mining Co
St. Louis Ark. & Texas
Texas * Paciltc Ijvnd Trust
Tol. Ann Arbor * .N. M
34
97 12
70
98
x95
69 14
98
101
31% 32%
Bait
Laclede Gas, 8t. Louis. ......
Minneapolis & St. Louis......
41% 45%
37
42
100
'
lOa
10838 108
Commercial Cable Co
102 102
Denver & Rio Grande West'n I8I2 20
Iowa Central
'8
10
Do
pref
23 28
l>o
37
100
84
Inactive Stocks.
Chicago* Alton
17
151a
8414
107%
IO714
Bange
Shares.
33%
.13 '»
143 143
142
97 14 97% 96%
16% 17=8 17
45% 49
46%
•33
33
34
•96% 98
95
70
70% 69%
98
98
98
19% 20
19
135% 136% 136
34% 3514 35
9712
•33
n^:
69% 69% 69% 70%
114% 114% 114 14 114%
110% 11138 110% iim
68=8 69=8
114'4 11438
lioialil
141 143
991*
9914
'114
'114
116
116
III4 III2
lOia 11
11
7118
68'8 69%
69% 72
733
Cattle F. Trust.
National Lead Trust
Pipe LlneCertltlcate8§
But ar Refineries Co
8414
116
42=8 4338
1933 19%
67=8
Do
34 14 34 14
84
84
96%
33=8
106% 10738
•33% 35
IO7I4 X 10414104=8
•89I3 91
8314 841a
84% 85%
102
108
20%
Paelflo..
pref.
Erie, pref.
33
.:.
*5
6
5%
76
75% 75%
55
54% 55
Q5%
125 126% 125% 127%
33 14 3314 33% 33%
26% 27% 26% 27
6538 6538
64% 65
43% 4438 43% 44
89% 89%
1213 14
3438
Wabash SLLoalsA
33
AND FOR YEAR
Week,
7514
106''8
85 Hi
42
Paul
Texas & racifle
Union Pacmo
98
14
Nashv C^iattauoosa&St.Loui!Now York Central & Hudson. 108
Kew York Chlo. & St. houU.. 17
Ifct i.ret
21
•x98%103
'12
2d
96
98
101i«
97"a 975s
96 99ii
70
Paciilc
Do
Do
21
100
10=8
MoUicifcOhio
561a
I2512
Jan.
5
6
75
120%
1.
3,
Sales
of the
Thursdii''
33
3338
6
73 14
:54i4
Jan.
213 41b 21a 41a
117% 118
116 118
1171a 1171a
I714 18
1712 1712
17
17
'62I3 64
6212 63
61
62
37
. .
vrel.
Missouri Kansas
6914 70
98% 9712 98
19i«
19
39
19
136ie 13634 13538 13618
33'8 34%
321a 33%
9
67 '4 719% '679 719
891a 91
Klcvatcrt, eonsol..
Michigan Central
Milwaukee Lake 8h.
70 le 71
!»8
1071a 108
Long island
32%
Wednesday.
26I4 26%
26
25 13 251a
26
64I3 64>3
63% 65 '8
631a 63^8
*42ia 411a
42ie 42=8
43
44 14
IO6I4 107
IO6I4 107 '4
105 14 106
•33
JANUARY
STOCK EXCHANGE FOR WEEK ENniNQ
HIQHEST AND LOWEST PBICEf
Saturday.
Doc. 28.
S«ocl«n.
Santa 1 e
81
6%
•6
12
•17
7%
•6
12
18
7%
7%
20% 21
•30
30%
from bolb Exubaogee.
i
J',757.<"'o
80
35,852; 55
Apr. 23 112% Nov. 8
Deo. 2jl26 Jnne24
75 144% Jan. 21153% Dec. 18
50 109 Jan. 10;120'4 June 6
152 73% Jan. 4 95% Juno 5
114 134 Jan. 19 146 June 18
Mar. 126140 Jan. 23
3
2% Oct. 23
4% Dec. 28
Apr. 3
100 Sept. 526 104% Dec. 11
11% Jan. 8 20 Mar. 4
7 Oct. 8 11 Nov. 1
18% July 18 30 Nov. 1
17% Dec 30 22% Nov. 21
3% Oct. 25 7 Feb. 7
200 T%Oct. 4 14% Mar. 5
12 Jan. 24 19% Deo. 10
5% Nov. .3(1 7% Feb. 12
3% Juue 2fi IOI4 Jan. 11
15 Apr. 1 2II4 Feb. 8
125
%Apr.
1
i
21
Jan.
9.^
Lower pdce la es-divldcnd
8 5 14 Sept.
or rights.
9
THE CHRONICLE.
B2
INACTITE STOCKS—<JuotatloB8
A«k.
Bid.
pf
B.*N.Y.A.I-.I>f
75
100
BuB.'R.APitU.
16
111.
Burl.C.R.ANo.
Cedar
F. Jt
pref.
do.
,
103
20
^"SfL''^:
'
contlnned.
18
I
I
Fla.C.APenin.'
I
30
.1...
'
I
..i
!
0g|u||^t'^af.V58.
aw
'
•
—
I
••
reo
J!."-^?y^ortti.
l!Mllw.&>oi
BONDS AT
Lou!e$t.
19«8|l09^b. 107^1i 106;. Jan.
Au^^^
-°
.1125 Jan.
10638 Jan.
{ol^h
'
114i2Deo.
1U8 Jan.
112%
11314 Feb.
Central Pailflc-Ooid ife, 1898..
101 Dec.
102
Land Kraut (is, 1890
lOSifl Apr.
II314 Jan.
94 Feb.
iBtconsol. 5a, 1939.
l}?S^
[107 Jan.
b. 98
Jan.
1^9i8b. 127
'128I4N0V.
Chic. Burl. & Q.-Cou.7, 1903.. |J:|
i4b.'102%
1104
May
Debenture 5s, 1913...-. ..-..- 104V
DenverDivi8ion,48, 1922 ....I 94 0. 93 %b. 92 Dec.
92%
9138
Dec.
91^
Nebraska Ext«n8lon 48, 1927.
118 Jan.
Deo.
117
•**c^"i^fJi.'im'''-'-:'^'.'^-ii5'»f-'i2o
99 a. 100. a. 97 Jan.
G"errkl''^n8ol^-8i;58,.1937
93ieb.
83 Feb.
Cbic. Gas. L. &C.-l8f, g,5a,1937
99 Jan.
Cl>ic.&Ind.CoalB.,l8t,58,li;36l........
124
b.'l22i2Jan,
a.
Clilc. Mil. A- .St. P.-Cou. 78, 190o 130
llSifih. 112
Jan
Ist, SouthwestDiv.-Us, 1909. 116 b.
113isb.il 10 Jan.
Ist eo. Mln. Div.— 6s, 1910 ..11/%
104isb. 103 Jan.
Isi a..&Pac.\V.Div.-58.1921 107S1
Wis. & Miun. Div.-53, 1921 .......... 102 b.| 99 Jan.
100 Jan.
Terminal 58,1914. ........... 10514b.
142%b.'l42 Nov.
Chic. iN.W.—Consol. 78, 1915.
|125%b. 12512 Deo.
'126ifl
Goid^78,1902
HIS b. 115 b. 115 Nov.
Blnklne fund 6s, 1929
I108i9a.il09 a. 107
Nov.
BtokluK fund .78, 1929
Sinkiul fund debcnt. 58, 19331111 b.'llO b. 109 Jan.
105 b. 10412N0V.
25-ycardibenture 58, 1909. . . ;
98
96
96 Dec.
Eitcntlou 43, 1926
91 b. 92 Dec.
<niJc.Peo. AStL.— Gld.58,1928' 91 b
l31i4Mch.
CWc K.I.<VPac.-68,ooup.,19171135ist).132iaa.
I10714
105% 104i58Jan.
Extenslon&col. 5s, 1934
\\^\
I
.S!^^^.^«,|^^
I
.
.
I
1
b.llOiaJan.
b.'121
Cl>ic.8t.P.M.&O.-Con.68,1930l21
92 Aug,
CU et.L.& Mtt.— l8t,eon.58jl932| 98isb. lOOU
98
941a
921a Jan.
Cleve. & Canton— 1st, 58, I917
132 b.l30 Jan.
0. C. C. &!.—C-onsol. 78, 1914.
I
.|
1123 a. 120 a.lll2 Jan.
1934
104 a. 93»8Apr.
Col. Coal Jt Iron— Ist 6s, 1900.. 1031a
60% July
Col. H. Val. &T0I.—Con. 58, 1931 76 b.
76isa. 76 a
50 July
General gold, 68, 1904
II8I4 Nov.
Denver & Rio Gr.— Ist, 78, 1900 117 b.
78 b. 77
75 Jan.
l8t consol. 48. 1936
841a Jan.
Denv. 4 R. «. W.— 1st, 68, 1911.
98 b. 97isb. 73% Jan.
81 Jan.
Denv. S.Pk'.'&Pac.— l8t,78,1905
101 a. 103 Jan.
Det. B. C. & Alp.— l8t.g.,68, 1913 104
36
33 b. 31 la Nov.
Det. Mac. & M.— Ld.gr.3i28, 191
Doi. A Iron Range-lst, 58, 1937 100%a. '100* h. 96^8 Jan.
"
"
"
102i9b.>104
102 Jan.
K. Tenn. V. <fe O.— Con., 58, 1956
EUz. Lex. & Big San.—68, 1902. 104 a.il03ieb. 99 Jan.
Il37
b. 137
Mcb.
Erie— Ist, consoL gold, 7s, 1920
108»8b.l
108 14 Deo.
Long Dock, 78, 1893
120isb. 120
Consol. (is, 1935
118 Apr.
N Y.UE.&W.— 2d con. 68,1969 lomb.'lOOisb. 98 Jan.
IO514
90 Jan.
Tt. W. & Denv. C— Ist, 68, 1921 104%
93 b. 92% May
Oal H.&SanAnt.— W.Div.l8t,58 9338
Qr B.W.& St.P.— 2d Inc. 88, 1911 13i2b. 20 a. 13 July
OulfCol. <Si San. Fe—l8t, 78,1909 115% 112 b. 1 OOI4 Aug.
7513
75 a. 62 Oct.
Gold, 68, 1923
Han. A St. Jos.—Cons. 68, 1911. 120 a. 119isb. 117 Nov.
109 b. lOOia Apr.
Int. A Gt. No.-lst, 6e, gold, 1919 108»«
73>ab. 72 b. 62
Couimn, 68, 1909
May
KentuckyCent.—Gold4, 1987.. 83isb. 81 b. 711a Jan.
lab. 101
J^oxv. & O.— l8t, 6s, gold, 1925 110 b. 107
Jan.
^
b. 107
I^ErlcA West.— l8t,g.,58, 1937[112iiib.'110
Jan.
iAke 8hore.-Con.cp..l8t,78,1900| 127 isb.
125 14 Jan.
1903....ll25i4a.ll25
Consol. coup., 2d, 78,
124 Jan.
I/Oiig Islaurt- Ist, con., 58, 19311
120
II414 Jan.
96 b. 96
General mort., 48. 1938
921a Jan.
117 b. 116% Oct
•louisv. A Nashv.-(5on.,7s, 1898 llSig
Ills b. 112iab. 113% Dec.
E. U. A N.— l8t, 68, 1919
I112iab. 113 b. 112 Jan.
1930
General,
_
_ 69,
...
Trust Bonds, 68, 1922
^^^ l^^jg b. 109% Jan.
10-40, 66, 1924
101% Jan.
60-rcar58, 1937
106
98 Jan.
Il05
Collat. trust 58, 1931
96i4Jan
liOnls. N. A. ACb.— Ist, 68, 1910 118iaa.ill6 a 112i4Jan.
Consol., gold, 6b, 1916
102 lab. '104
93 Jan.
Lools. Bontb., 1st g. 68. .1917 101 b.ll02i3
95 Aug.
IiOals.Bt.L.&Tex.,l8te.68.1917 100%
96% Aug.
08,
I
'
.
I
I
Mem. A Cliar.—6s, gold, 1924. ..
102% Jan.
•Metro. Elevated— Ist, 68, 1908.. 115«8b.ll2isb, lll'aJan.
105%
M,6«,1B99
aaob. Cent.— l8t, con.,
OonsoL, 58,1902
106
125
78, 1902. I26I4
A W.—Ist, 68,
1921
Oonv. debenture, 58, 1907
miw. A North.— M. L., 68, 1910.
Ist, Con., 68, 1913
Minn. A St. I.«u]8— Ist, 78, 1927
Mo. Kan. A Tex.—Con., 68, 1920
ConsoL, .58, 1920
112
105
126
110
b.
122iab. 123
b.
102
109
100
b.
108iab.'108
b.
b.
b.no%
bid,
Nov.
Dec.
Nov.
118%
Jan.
92% Jan.
106% Jan.
105 14 Jan.
90 Jan.
53 Apr.
50% Apr.
104 b.'103iab.
73 "s
74%
65 a. 64 b.
Consol., 78, 1904-5-6
IIOI4 Ill
87%
Mo. Pacific- l8t, con., 68, 1920. 109 b. 109 Sto 107
8d, 78, 1906
113 lab. 1141a 112
Pac. of Mo.— iBt, ext., 4s, 1938 98isb. 98%
97%
2d mort.., 78, 1891
...104 b. 102 a. 103
HOTB,—Tbeletter "b" Indicates prloe
!
Morgan's L.&T
Pitt«.
I
Pitts. Ft. W.&C:
'
'
1
N.
Y.
Mch.
Nov.
Nov.
Jan.
Oct.
do.
.;...
50
60
I
special.
Pitts. &W.tr.re'
Mobile
115% June
120% May
113 Mav
I2014 June
105% Feb.
10838 Mch.
68.
I
I
I
I
I
1
38
21,
42
75
150
40
1889.
HigheMt.
120
60
Oct.
Oct
104 14 Apr.
138% June
107% June
107
Feb.
137% June
115i4June
128 a. 'l2t%Nov. 134 Mch,
9414
98 14 June
9158Jaa.
115 a. 116 Jan. 121 May
128 a.
94 14
117 b.
134%b.
131% Jan. 138% June
115 a. 113%b. IIII4 Feb. 116% July
112%b. 11214b, 110% Mch. 115 Feb.
I
1
JdiUandofN. J.— l8t,6s,1910 113%b.
Norfolk A Weat.— Gen., 68, 1931 117%b. 119
I
Lfywegl.
112%
Feb.
59
41% Jan.
1101
99 Jan.
134%b. 131%b. 129 Jan.
108 a. 106'8
98=8 Jan.
103i8b. 103
103
Dec.
134 '4a. 131 %a. 13238 Oct.
Ill a. Ill
110% Dec.
N. Y. A Harlem— 1st, 78, 1900
N. Y. Chic. A St. L.— Ist, 48, 1937
N. Y. Elevated— l8t, 78, 1906.
N. Y. Lack. A W.— Ist, 68, 1921
ConeCruction, 58, 1923
N. Y. Ont. A W.— Ist, 68, 1914..
N.Y.Bus.AW.- l8tref.,58,1937
'
125
1
Range for year 1889.
3
115%a.
56 14b.
1927.
.
Sept.
114 July
104 '8 July
134 May
A Ohio—New,
General mort., 48, 1938
Mutual Un. Tel.— S. f., 6s, 1911.
Nash. Ch. A St. L.— let, 78, 1913
Consol. 5s, 1938
N.T.Central-Extend., 08,1893
N jr. C. A H.— 1st, cp., 7s, 1903
Debenture, 5s, 1904
I28I4 Apr.
401a
110
STOCK EXCHANGE, AND RANGE FOR YEAR
Olontig.
May
38
Utica&Bl.Blv.i 130
IVa. Midland...
D-f. 27\Jati.
106% Jan.
124% June
lomAug
26
1
lBt.J08.&Gd.Is.<
l8t.L.An.ifeT.H.
do.
pref.
Scioto Valley..
South Carolina'
Tol. & O. Cent.'
pref.
do.
Bailroad BoNse.
112% May
120
I
1156
'145
i
Bighetl.
100
I
'
I
154
& W. pref
Benns. &Bara.' 175" 185
Eicli.&All.tr.r.i
25
23
;
Oh.&Ml88.pfd.l
Jiange for year 1889.
27 Jan. 3
........
9
17
I
tral.-i
Mex.tcntrc
|
99
& Cliio ..
Keok. & West.l
Keok
Oonsol. 78, 1899
8
^
& CVst'n
Mera.*cy«
Mem.
5
<>e^^o\>l^.K-i-8t:7ii890..jl02j4b.l02%b. 10114
Ifll. Lake 6h.
Ask.
Bid.
Aak.
Bid.
I
Jollet
Uee.
pref.
do.
2238 Feb.
83 Feb.
:
Indicates actual sales.)
'
Olo$ing.
;
(*
i<
MorriR&E88CX
N.Y.&Harlem! 250
Kentucky Cent
N.Y.Lack.iWi
APenib
28>3
"2"5>i
Klngn.
27
N.Y.N. H.&H.*245ia
55
Mahon'gC. By 50
106i«
N.Y.&Nor.pf.
25 !„ <>Ji ^ i'™f
OhloIud.&W'nl
10
Mar.H.&Outn .1
pref.i
do
pref.
92
do.
'
iso"'::::::! H2Sk.lTeTc.
154 168 llll.(len«cdre.;'
30
Keok.ADesM.
H
e\
'
pref.
do.
lUIUtOAD BONDS.
General
Ask.
Bid.
I
I
I
L.^TEST PRICES OP ACTIFE
BUNDS
A.8k.
\
50
•
DesM. &Ft. D.
I
3:7
M
CnAPlIlHiS.
ColVor-uvpf
i^,.hV*Nn™
Daub'yAKorw
Den.&RloQr.* 15
170
76!W 77>a Dct.B.CyAAlp
80 Bill. Lex. AB.S,
20
jiref.
do.
'
L.
I
Alb'ny A8u»q.l 160
B«ll.&8<>.
Bid.
rvou
North. Pac—let, coup., 68, 1921
General, 2d, coup., 1933
General, 3d, coup. 68, 1937 . .
No. Pac. Tor. Co.— lat, 68, 1933.
Ohio Ind. & West- Ist, 58, 1938
Ohio A Miss.—Consol., 7s, 1898.
113%
117
112%
113
b.
94 Jan. IO314 June
lll4i4Apr. 119% Sept
!ll7i4Jan. 121% Apr.
113% Nov. 120''8 May
109% Oct. 117 Aug.
97% Jan. 111 Nov.
108 b. 103% Jan. 112 Junfc
80 b. 61 July 85% Nov.
I1714O, 113%b. 115. Jan. 121
June
127% Sept.
108 b. 108 b. 103 Jan. llSUSept
104% Aug. Oliio Soutnem— l8t, 68, 1921
60 a. 44% Jan.
59
60% Oct
2d, income, 6s, 1921
iOl May
71% Jan. 80% June
106 June Omaha A St. L.— 1st, 48, 1937.. 75 b.
101% Dec. 106'8 Feb.
130% June Oregon Imp. Co.— 1st, 68, 1910. 101 %a. 102
110%b. 110 Jan. II514 June
117% Sept. Ore. B. A Nav. Co.— let, 6s, 1909 113
102% 102%b. '102 Jan. 106 Oct.
Consol., 5s, 1925
121 Sept.
(109% June Oregon A Transcon' 1—68, 1922 103''8b. 103% 101% Jan. 107% Apr.
lOO'g Jan. 111% Sept
108% .Tune iPenn. Co.— 4%s, coupon, 1921. 110%b. 109
108 June Peo.Dec. A Evans.- lst,68, 1920 104 b. 100 b. 103 Dec. 110 May
Evansv. Div.— Ist, 6s, 1920. 101 b. 101 b. 101 Dec. 109% Feb.
149 Aug.
65 b.
66 Jan.
76% Mch.
2d mort., 5s, 1927
133 May
88I4 Dec.
94% June
123 Apr. Phlla. A Read.— Gen. 48, 1958.. 88%b. 86%
80
78%
76% Nov. 94% Jan.
Ist pref income 53, 1958
112 June
56 14
58 a. 55 Dee.
8238 Jan.
2d pref income 5s, 1958
116 Sept.
46 b. 47 a. 45 Nov. 62 14 Jan.
3d pref. income 5s, 1958
109 Apr.
7614 Jan.
87% May
IO414 Feb. Pittsb. A West.- 1st, g., 4a, 1917 84 a. 82
98% May Rich. AAli.— 1st, 7s,Drexel cert. 69%b. 68 %b. 58 Jan. 70% Dec.
38 '8 Dec.
2dmort.,63, 1916, Drexel cert. 39 a. 37%b. 26 Jan.
138% June
108% June Rich. A Danv.— Con., 6s, 1915 .. 118%b. 115%b. 114 Jan. 119% Dec.
87 b. 88%
86 Jan.
Consol. gold, 58, 1936
94% May
124% May
96 Feb. 103 May
100 Feb. Rich.AW.P.Ter.—Trust6s,1897 I00%b. 100
113 Jan. 119% July
99 June Hoch. APlttsb.- Con. 63, 1922.. 118 a.
106% June 109% May
136% Nov. Rome Wat. A Ogd.— ist, 78, 1891 103%b.
Consol., extended, 58, 1922... I09%b. 109%b. 108
Oct 112 May
125 Sept.
105 Jan. St Jos. A Gr. Isl.— l8t, 68, 1925. 104 b. 105 a. 102 Nov. 109% Apr.
114
b
111
July
115 June
Alt.
T.
H.—
1894
St.
L.
A
Ist,
Feb
78,
87%
110
105% Feb. II214 June
2d, mort., pref., 78, 1894.
87 Feb.
105 %b. 105%b. 104% Jan. 108 Apr.
2d, mort., income, 7s, 1894
123 Sept.
88%
77 July
99 Feb
82% May St. L. Ark. A Tex.— 1st, 6s, 1936 88%
27
26 b. 25 May
38 Feb.
2d, 63,1936
102 Mch.
105% Aug. 110 Jan.
100 Nov. St. L. A iron Mt.— 1st, 78, 1892. 106 14b. 106
b.
107
108
b
July
105
Jan.
110
2dmort.,7s,
1897
94% May
101 %b. lOlHJuiy 105% June
Cairo A Fulton— 1st, 78, 1891. 105
108% Feb.
10258
102
Dec.
107
Cairo
Ark.
A
Tex.—
Apr.
lst,78,1897
40 Feb.
89=8
88%
81 Jan.
90% Dec.
Gen. R'y A land gr., 58, 1931
104 Feb.
ll2%b.
112%b.
Fr.—
Ill
Deo.
121
Apr.
St.
L.
A
San
CI.
A,
1906
68,
108% May
112%b. 112%b. 111 Dec. 121 Apr.
6s, Class B, 1906
Aug.
107%
-"
112%b.
112%
II214
Dec.
121
Apr.
Class
1906
C,
1142 July
68,
110 b. 112 Dec. 121 May
General mort., 6s, 1931
114 May
97
b.
108
June
mort.,
100%
Dec.
General
5s, 1931
123 Feb.
116 b. 115% Not. 122 Apr.
107% May 8. P. M. A M.— Dak.Ext., 68, 1910
117 b 11514b. 115% Jan. 121% June
1st consol., 68, 1933
109 Nov.
98 14 Jan. 103% June
reduced to 4 %s ... 101 b.
Do
95 »8 Mch.
96I4 Feb. 101% Nov.
102 a.
Collateral trust, 58, 1898
25 Feb.
83 14 Jan.
36%
Montana Ext. 1st, 4s, 1937 .. 86%
92% May
116% Dec.
114
b.
b.
lat,
114
7s, 1909, Tr. rec.
87% Apr. 115 Dec.
87% Jan. Shen. Val.—
47 b. 47%b. 31 Jan.
49% D«c.
General 6s, 1921, Trust rec.
124 Feb.
97 b. 90 Jan. 101 Aug.
109% Jan. South Carolina— Ist, 68, 1920. .. 95%
61 Aug.
47 Jan.
2d,68,1931
74% Jan.
9%a.
7 b.
5 Sept 10 Feb.
Income, 68, 1931
90 June
112% Sept 80. Pac., Ariz.- l8t,6s, 1909-10. 108%b. 106%b. 104% July 110 Deo.
116
a. 113
Dec. 118% Sept.
116 Sept. 80. Pac., Cal.— Ist, 6s, 1905-12. 116 a.
105 14 July IIOI4 Dec.
130 May ,80. Pac., N. M.— 1st, 63, 1911 ... II014
89 Jan. 100 Mch.
I3014 May lTenn.C. L ARy.—Ten.D.,l8t,6s 97i8a. 97
101
98%
89 Jan. 102 Dec
Birm. Div., Ist, 68, 1917
117% Sept.
91
102 14 May Tex. A Pac.- Ist, gold, 5s, 2000 90%
85% Mch. 94 May
3808
34 Mch. 40 Apr.
38%
121% Mch
2d, gold, income, 5s, 2000
105
99 Mch. IIOI4 June
llS^May ToL A. A. A N. M.— 1st, 68, 1924' 105
118i4May Tol. A. A.A Gr. Tr.— Ist, 6a, 192ll 110 b. 107 b. 103 Jan. 120 June
101 Jan. 10514 Dec.
115% May Tol. A Ohio Cent.— lat, 58, 1935 10514b.
74 Apr. 82% June
106 Apr. Tol. Peo. A West.— 1st, 4s, 1917.. 78 b. 76
92% Jan. 105 May
107 Sept. Tol. &t. L. A Knn.C— 1st, 6s,1916' 10014a, 1100
118%b, ill5 b. 115 Jan. 121% July
105% Oct. Union PaciBc— 1st, 6s, 1899
115 b. II514 114 Sept 120% Jan.
122 June
Sinking fund, 88, 1893
106 Sept.
Kansas Pacitic— 1st, 68, 1895 110%b. 110%b. 110% Aug. 112% July
'103
]08%b. 108 %b. '108% Dec. 112% May
1st, 6s, 1896
Deo.
113 b, 113 b. '112% May 117 14 Oct
101 Dec.
Denver Div.—68, 1899
114%b. 11478 112 Jan. 117 Apr
10938 June'
l8tconsol„6s, 1919
""
"
Ill Feb. 115% July
120 June!
Oreg. Short Line— lat, 6s, 1922 114% 114
7838 Jan.
90 Apr.
111% Mav iV'irglniaMld.—Gen. m., 5s, 1936; 85 %b. 66
52 Nov.
37 Apr.
133% Mch. Wab.St.L. AP.— 6en.,6s,Tr.r60.i
114 May
88% Jan. 104 Aug.
Chicago Div.— 5s, 1910, Tr.reo.'
128 Sept.
Wabash—M., 7s, 1909, Tr.reo.i
86 Jan. 101% Sept.
105 Oct.
89% Jan. 103% Sept.
Tol. AW.— lat, ext., 78, Tr.reo.i
l8t,8t.L.DIv.,7s,1889,Tr.rec.i
93% Feb. 103% Aug.
ill Apr.
S.09% >Ich.
87 Jan. 104 Oct
2d, extend., 78, 1893, Tr. rec.'
105 Dec.
85 Feb. 101 Aug.
Con., conv., 78, 1907, Tr.rec.1
76 Dec.
89 Jan. 103% July
Gt. West.— l8t,7s, 1888,Tr.reo.
65% Dec.
86 Mch. 103% Nov.
2d, 78, 1893, Trust receipts.
Ill Dec. West Shore— Guar., 48
104% 102% Jan. 10958 June
106
115% Apr. West. N. Y. A Pa.— Ist, 5, 1937. 95
92^8
94% Dec. 101 Apr.
44 Feb.
121% Apr.
29
28 b. 29 Nov.
2d mort., 3g., 5sc., 1927
101
98'8 Jan. 106 June
102% June West. Un. Tel.—Col. tr., 58, 1938 104
102 Apr. 110 Aug.
1105% Apr
Wheel. A Lake E.— Ist. 58, 1926 104%b. 105
106%
Oct.
96% May
'
I
95^8 Apr.
121 Nov.
and "a" price atked;
I
111
109
85
a.
b.
a.
IIOI4
. .
I
1
1
.
'
.
.
i
I
I
I
1
I
.
I
j
!
.
j
I
1
i
I
!
all
other prices and the range are from actual sales.
Jakuary
THli
4, 1880.]
CHRONICLK
33
BONDS—STOCK EXCHANGE QUOTATIONS ON FBIUAY Or THE LESS ACTIVE KAILKOAD BONDS.
SKCURITIEa
Bid.
Bid
SECURITIES.
Aak.
90
92
SECURITIES.
Aak.
Bid.
93
Northern Pacific— (Continued)North. Pac. A Mon.— lat. 68.1938 108
106
CcBur d'Alcne— 1st, fls, gold. 1916
lU
(Jen.
Ist,
gold,
O.i
Alabama
Central—
.1918'
1938
1st
Os..
1907
Atl. & Pac-;;d W. I)., gii. Of,,.
Cent.Washlngton— l8t,g.,0B.1938 l<'2
Erie— 1st, cxteurteU, 78
1897 118
Bait. & Ohio— l8t, 68, Park B. 1919
Nor.A West.— N. River, l8t, 69.1932 113
2d, extended, .58
1919 117
1925
58, gold
Imp. & Ext., 6s
1934 ill
3d, extonded, 412s
1923 1071a
1988
Cons, mort., ROld, 58
Adjustment M., 79
1924 HO
4th, extended, 58
1920 115 118
Beech Creek-lst, gold, 48. .1936
Eqnlpinent, .58
1908
5th, extended, 4b
1928 102
Boat. H. Tun. & W.—Deb. 68.1913
95
ClInchViJ.D.— let,equlp.58.1957
Ist, cons., fd. coup., 78
9%\
1920
Brooklyn Elev.— let, g., 68. .1924
Ogd. A Lake Ch.— 1st, con. 68.1920 103
Reorg., Ist Hen, Os
1908 105
1915
2d, 3-58
113%;
139
Ohio
Mlaa.—
116
&
Cons.,
.1898
B.
N.
Y.
8.F.,
78.
&E.—
l9t,
7s
1916
Union El., 1st, guar., 6a. ...1937
2d consol. 7s
1911 122 125
N. Y. L. E. & W.—Col. tr.,6».1922
Brun8wlck A-Wost.— l»t,g.,48.1938
112
Springfield Div.— 1st 78
Funded coup., Ss
1 905
1969 8518 871a
Buft. Rooh. & Pltt«.— Gen., 58.1937
Income, 68
General 5s
1932
1977
1921
Roch. & Pitt.'!.— 1 at, OS
"
ioo'i
92
Ohio
River
RR.—
Ist,
96
Buff.
5b
1936
98
&
8.
W.—
Mortg.
68....
1908
Burl Ced. Rap. <t No.— l8t, 58.1906
General mort,, gold, 5b
Jefferson— 1st, gii. g. 58
96
1937 90
1909
Consol. & coUat. trust, Sa. 1934
Ohio
Eureka
80.—
Springs
Go::,
m.,
48
1921
R'y—
Wt
lst,6s.g.l933
g.,
Minn. & St. L.— I9t, 7s. gu.. 1927
Oregon A California— l»t, 58.1927
Evan. & T. H.— 1st, cons., 68.1921 115
98
Iowa C. & West.— l8t, ts.. ..1909 90
114
Penn.sylvanla RR.—
90
Mt, Vernon— lat 6a
1923
Ced. Rap. I. F. & N., Ist, 68.1920
113
Pltta.C. iSt.L.— l8t, cp., 78. 1900 116
Evans. & Indian.— lat, cons.. 1926
1921
l8t, 58
122
Pitts. Ft, W. & C.-l8t, 78.. .1912 142
Flint & P. Marq.— Mort., 68. 1920 121
149
Central Ohio Reor.- Ist, 4i28.1930
105
2d, 78
102
1st con. gold, 5s
1939
19121
Cent.RR. & Bank.— Col.g.,58. 1937
99
Fla.
Cen.
3d, 78
& Pen.— 1st g. 5s.... 1918
8av.& We.tt.— Isteon. g.,58,.l929
1»12L.„,
Clev. &. P.—Cons., 8. M., 78.19001*}^,
Gal. Har. & San Ant.— 1st, 68.1910 103
Cent, of N. .1.— Conv. deb., 69.1908 117
1892i 1?2^
4tb, sink, fund, 68
105
2d mort., 78
1905
1912
Lehigh & W. B., M. 58
97
95
St.L. V. &T. H.-l8t,gu., 78.18971*^13
1927
Central Pacific— Gold bd8.,«8. 1895 110 llOia iGa. 80. & Fla.— 1st, g. Os
llOifl
2d,
<*rand Rap. &. Ind.— Gen. 58..1924
78
18981 ;•"•Gold bonds, 68
1890
811a
2d, guar., 7s
Green B. W. & St, P.— lat 68.. 1911
1898, '<*8
Goldboud.'i, 68
1897 lllH
106
Peoria&Pek.
Uion— lat, 68..19ail --"•• 116'
Housatonic Cons, gold 5b
1937
Ban Joaquin Br., 68
1900 112
2d mortg., 4ia8
19211* 85
N. Haven &Dcrby, Cons. 58..1918 106
Cal &. Oregon.^er. B, 68 ... 1 892
Pine Creek Railway—68
1932
Hous.&Tex.C— Ist, ui. 1. 7s.Tr.reo.
Mort. g., truar. Ss
1939 102 19 103
116
Pitts. Cleve. & Tol.— 1st, 68.. .1922
West Div. 7a,Trust recelpt8.1891
West. Pacific— Boiid.s, 68. ... 1 899 110
Pitta. Junction— Ist 68
1922
latWacoA Nor.— 7a
1901 1051a
No. Hallwiiy (Cal.)— Ist, 68.1907
lUJj 2d m.Ss.M. 1. Trust recelpta.1913 110
Pitts. Mc K. & Y.-l8t6s
I932I 115
Ches. & O.— Pur. M. fund, 68.1898
75
80
Pitts. Paluav. & F.— 1st, 58. ..1916 *
Gen. niort.68,Trusf receipts. 1925
1908 117% 119H)
99
68, gold, series A
108
Pltte. Y. & Ash.- 1st, 58
70
minola Central— lat, g., 48 ...1951
1927
Ches. O. <fe So. West.- 2d, 68.. 1911
921a Presc't & Ariz. Cent, lat, 6s,g. 1916
lat, gold, 3ias
1951
Chicago & Alton— Ist, 7s
1893 107 108 Ja
101
2d Income, 68
Gold 48
1916
Sinking fund, 6s
1952
1903 121%
Rich. & Dan v.— Debenture 68. 1927 *
Springf. Div.— Coup., 68
l/ouis. & Mo. River— lat, 78.1900 120
1898 ii'i"'
991*
Equip. M. s. f., g., 58
120
Middle Div.— Reg., 5a
1909
1921 *115
2d, 78
1900
Atl. i Char.— iBt, pref., 7a.. 1897 HO
112
C. St. L. &N. O.-Ten.l., 78.1897 116
St. L. Jacks. & Chic— lst,7s.l894
Rtch.A W.P.Ter.— Con.c.t.,59.1914
78
1st, consol., 7a
1st, guar. (564), 78
1897 116
1894 •111
St. Joa. & Or. Is.— 2d inc
2d mort. (360), 7s
2d, 68
1925 30
1907
1898 *118
83ia
II5I2
*118
Kan.
C.
&
Omaha—
Gold,
coupon
1951
lat,
5s..
1927
2d, guar. (188), 7s
5s,
1898
96ia St. L. Al. & T. H.— Div. bonds. 1894
46
Mi8S.R. Bridge— 1st, s. f., 63.1912 107
Memp Div., lat g. 48
1951
60
Bellev. &So. 111.— lat, 88...1896 H'^
Dub. & S. C- 2d Div., 78 ..1894 105 110
Chic. Burl. & Nor.— Deb. 6s... 1896
72 1« 85
Bellev. & Car.— lat, 68
107
Chic. Burling. & Q.— Ss, s. f..l901 106
C«d. Falls & Minn.- l8t, 78.. 1907
1923 105
Chl.St.L.&Pad.— I9t,gd.g.58l917 100 <9
118
Ind.Bloom.&W.— Ist, pref. 78.1900 117
Iowa Div.— Sink, fund, 5s.. 1919
97
St, Louis So.— lat, gd. g. 48.1931
81
Sinking fund, 48
Ohio Ind. & W.— 1st pf., 5b.. 1938
1919 9515
ge
9OI2
51
9213
do
40
Plain, 4s
Ohio
Ind.
2d income, 53.1931
&
West.—
1938
1921
2a, 5s..
Car. & Shawt,- Ist g. 48
I.B.&W., con. Inc. Trust receipts.
Ohlc.MU. & St, P.— Ist, 8s,P.D.1898 1251s 1261s
82
1932
102
St. Louia &<3hic.— lat, con. 68.1927
Ind. D. & Spr.— 1st 79, ex. cp.l906 100
2d, 7 3-lOs, P. D
1898 1161a
St. L. & L M.— Ark. Br.,l8t,7a.l895 106
1st, 7s, .$g.,R. D
Ind. Dec, & West,- M. 59
1947
1902
35
St.L.&SanF.— l8t,68,P.C.&0.1919 100
Ist, La Crosse Division, 78.1893
113
2d M., Inc. 5s
1948
84
Equipment, 78
118
Iowa Central— 1st gold, 58
851a
1895 102 106
1938
J8t, I. & M., 7s
1897
lat, trust, gold, 58
1987*
Kan. C.Wyan.&N.W.— I8t,5a.l938
Ist, L & D.,7s
1899 116
91
Kan. Clfa' & 8.— iBt, 6a, g.l916
Kinga Co. Elev.— Ser. A.lat Sal 925 104 1041a
lat, C. &M.,7s
1903 122»8
103
106
Ft.
124
S.
V.
lat, L & D. Extension, 79... 1908
L. 8h. & M. So.— C. P.&A.— 78.1892
& B. Bg.— lat, 68.1910
St. L.K.&So.Wn.— 1st, 68.1916
Ist, Southwest Div., 68
Buff. & Er.- New bonds, 78.1898 120
1909 al3>2 1141a
Kansas Mtd'd.— Ist, g. 4s. 1937
lat. La C. &-Dav., 5s
Det. M. &T.— Ist, 7s
1919 102 12
1906 130 133
iBt, H. & D., 78
122
St. Paul & Duluth— l8t,5s....l931
Lake Shore— Div. bonds, 78. 1899 '122 125
1910
107
102
2d
lat, H. & D.,5s
mortgage 5s
Mahon'g Coal RR.— 1st, 58.1934
1910 100
1917
14
12
Chicago & Pacific Div., 6a.. 1910 116
St, Paul Minn <fe M.— Ist, 78.. 1909 '
Litchf. Car.& West.— 1st Os. g.l916
98
Ohio. & Mo. RIv. Div., 58. ..1926 101
10214 Long laland— 1st, 78
2d mort., 6a
1909
1898 120
Mlnneap. Union— lat, 6s
Mineral Point Div. Sa
N. Y. & R'way B.— lat, g. 58. 1927
1910 1021s 104
1922
Mont, Cen.— 1st, guar., 6a.. 1937 'm'liis'
C. &L. Sup. Div., 5s
31
105
2d mortg., inc
1921
1927
Fargo & South., 6s, Aasu. .1924
Eaat, Minn., Ist div. 1st 5a. 1908 lOOial
N. Y. & M. Beach- 1st, 7a. .1897
Inc. conv. sink, fund, 58
San Ant. & Arana.— lst,6s,'85-1916
N. Y. B. & M. B.— 1st, g., 58.1935
1916 921a
90
Dakota &Gt. South., 5s
lat, 08,1886
87i«
Brooklyn & Mont.— laf, 68. .1911
1916 971a
1926
Gen. mort. e. 4s, aer. A..... 1989
San Fran. & N. P.— lat, g., .58.1919
lat, 5s
1911
OhIc&N.W— Esc&L.S.- lat,6B.1901 lllia
Sodus Bay & So.— let, 58, g...l924
8mithtown,fcPt.Jett— l8t,7a 1901 110
DesM. <fe Minn.— lat, 7a. ...1907
Louis. & Nash.— Cecil.Br., 78 .1907 107
lOSifl So. Pac, Cal.-lat con. 5s ....1938 101
Iowa Midland— lat, 88
N. O. AM.- 1st, 68
1900 *126
1930 115 1151a 80. Pac Coast— 1st, guar., 4s. 1937
Peninaula— Ist, conv., 7a. ..1898 121
TexasCentral- 1st, 8. f., 78...1909
N. O. &M.— 2d, 6s
1930 105
50
Chic. <fe Milwaukee— lat, 78.1898 119
Penaacola Division, 68
Istmortgage, 78
1920 109 110
1911 46
65
Win. &St. P.— 2d, 78
Texas & New Orleans— 1 st,7s 1905
St. Louia DIviaion, Ist, 68.. .1921 115
1907 129
MU. & Mad.— lat, 68
Sabine DIviaion, lat, 6a
1905 116
2d, 3a
1912 105
1980 65
Ott. C. F. & St. P.— lat, 5s. .1909
Tex. & Pac, E. Div.— lat, 6a. 1905'
Nashv. & Decatur— lat, 78.. 1900 117
Northern 111.— let, 5s
Tol. A. A. & Cad.—6b
104i«
1910
8. &N. Ala.— 8. f., 69
1910
19171 104
Chicago Rock Island & PacificTol. A. A. & Mt. PL—68
PenB. & At.— lat, 6e, gold. ..1921 1071a
1919 "100 104
Dea Moines & Ft. D.— lat, 4a.l905 84
Nash. Flor. & 8. 1st gu. 58.,1937
IO214 Union Pacific— l8t, 68
1896 llO^e;
lst,2i2.s
Lou. N. O. & Tex.— Ist, 48.... 1934
iBt, 68
1905 54
1897 112 Iil2i4
90
Extension, 48
lat, 68
1905 85
2d mort., 5a
1934 40
1898| 113i4'113is
Keokuk & Des M.— lat, 58. .1923
Collateral Tnist, 68
Mexican National— lat, g., 6».1927 95
19081*103
98
Chic. & St. Louis— Ist, 68
Collateral
1907* 95
Income,
6a,
"A"
TruBt,
1915
2d,
62
5a
1917 58
Chic. St. P. & Kan. City—53. .19361
Collateral Trust, 4iaa
191
2d, Income, 6a, "B"
18
1917 15
90
Minn. & N. W.— lat, g., 58..1934
Br.
P.—
Michigan Central—6a
C.
U.
F. c, 78
1895
1909
Chic. St, P. & Minn.— lat, 6s.. .19181 '124
Atoh. Col. ATac— l8t, 68... 1905
Coupon, 5s
1931 II3I11
98
No. Wisconsin— Ist, 68
Atch. J. Co. & W.— iBt, 68...1905
19301
Jack. Lan. & Sag.—68
1891 IO314
96
St. Paul&8.
Utah Southern—Gen., 78 1909 112 I114ia
lat, 6s
19191 124
M11W.L.S.&W.— Ext. & Imp., 58. '29 100 103
Chic. & W. Ind.— l8t, s. f., 68.1919
Exten., Ist, 78
Michigan DIviaion, lat, e8..1924 116
1909 112 114
General mortgage, 68
1932! 119
U. P. Lin. & Col.— Ist, g., 53.1918 '101
AsUand Divlalan- lat, 68 ..1925 119
102
Cln. Ham. & D.— Con. s. f., 78.1905 I2313
Utah & North.— lat, 78,
Incomea
107
1908 107
2d. gold, 4I2S
Gold, 5a
1926
1937
MInn.&StL.— ra Ex., l8t,78.1909 85
Cln. I. St. L.& Chic.— l8t,g.,48.1936
2d mortg., 79
1891
621a Valley R'y Co. of O.—Con. 68.1921
|10»
Consol., 6s
Wabaah— lat, gold, 58
1 920
Southweat Ext.— lat, 78
1910 74
1939 10l%|102
80
Cln. Jack. & Mac— 1st, g., 5s. 1936
65
2dm., gold, 58
Paolflc Ext.— lat, Os
1921
1939
85
83% 84
Cl.Col. Cln. & Ind.— 1st, 78,a.f.l899 119
82i«i 82%
do. Feb., '90, oonp. atamp'd,
121
Impr. & equipment, 6s
1922 60
75
Consol. sink, fund, 7a
1914
Deb. m., aeriea "A". .7
Minn. & Pac— 1st mortg., 5s. 1936
1S»39 * 55
Cleve. & Mah. V.— Gold, 5s. ..19381*104
MInn.S. Stc. M. & Atl.— Ist, 58.1926
Deb. m., series "B"
1939
61
54
Colorado Midland— Ist, g., 6a.l936l 100
Mobile & Ohio- 1st ext., 68... 1927
Wabash St. Louis & Paolflo—
113
Columbia & Green.— 1st, 68... 19161*100
St.L.K,C.&N.— R.E.&RR.78.1895 lll«4'lll%
lat pref. debentures
65
70
2d, 68
1926* 80
StCharlesBr'ge— l8t,68...1908 105 IllO
St. L. & Cairo—48, guar
1931
75
76
Col. & Cln. Midland— Ist, 68.1914
9114
Morgan'a La. & T.— lat, 6s.... 1920 111 115
No. Missouri— lat, 78
1895 Il3%'ll7
Del. Lack. & W.— Convert. 78,1892i ....
lat, 78.
West. Va. C. <fc Pitto.— 1st, 68.1911
1918 1251a
Mortgage 7s
Naah. Chat, & St. L.— 2d, 6s.. 1901 '110
WIscon. Cent. Co.- Ist g. 5s... 1937
96ia 97
1907i 134
Syra. Bnig. & N. Y.— lat, 7S.1906 132ia 134
New Orleans & Gulf— Ist, 68 .1926
Income 58
6OI9
1937
'"
Morris & Essex— lat, 79
|146isi!N. O. &. No. E.— Pr. 1., g., 68.. 1915
19141 145
mHrellaneous Bonds.
2d, 78
HN. J. Junction- Guar, lat, 4a. 1986
1891| 106ial
Am. Water W. Co.— lat 68.... 1907
Bonds, 78
1900
N. Y. N. H. & H.— 1st, reg. 48.1903
l9tcon.,gold, 53
1907
7s of 1871
1901;
In. Y. & Northern— lat, g., 58.1927 111
92la
11218 Boston Un. Gas— Tr. cer. 5a.. 1939
92
__
lat, con., guar., 78
19151
1141
Min.—
Coal
Ist
2d, 4a
1927 51
Cahaba
78..1907|*llli«i
g.
56
Del. & Hud. Canal— Ist, 78. ..1891 102
iN.Y.Ont.&W.— Con. lat, g. 58.1939 97
Ck)l. AHock. Coal &L—Os,g.. 1917
98
Ist, extension, 78
1891 100
N. Y. Suaq. & West.—Deb. 68.1897
Consol'n Coal— Convert. 0.s...l897!'105
Coupon, 7a
1894 1131411141a
2d, 4138
Equitable G. & F.— 1st Os
1937
\....j.
1905i
Pa. Div., coup., 78
1917 144ifl!147
N. Y. Tex. & Mex.— lat, 4s.. ..1912
Hackensack Wat«r— Ist, 58..1926;
Albany & Suaq.- lat, gu.,78.1906
133
Northern Pac— DIvld. scrip ext... 105
Henderson Bridge— Ist g. 68.1931 llOiai
lat, cons., guar., 6s
1906 *122.\|i23iBl JameaRtver Val.— 1st, 69... 1936
Iron Steamboat Co.—63.:
1901:
Reus. & Sar.— Ist, coup., 78.1921 144
Spokane & Pal.— 1st, 68
LaolcdcGa.'i, St. L., lat, g., 58.19191 83ial 86H
1936 106 108
»env. &R. G.— Imp.,g.,59...1928
183
St. Paul & N. P.— Gen., 68.. 1923 121
Peoplc'H Gas & Coke > latg.68,1904'
DuLSo. Sh. & AU.-Gold58..1937 90
92ial
Hclena&RcdM'n— l»t,g.,68.1937 100
97ia
$2dg.6s,1904 *
Co., Chicago
E. Tenn. Va. & Ga.— lat, 78.. .1900 119ia 124
DuUith&Manitoba— l8t,g.68l936 108 109% Philadelphia Co.— 1st a. f. 68.1898
_D<vl8ional 58
1930 107
Dul.AMan.DaTc.Div.— Iat68.1937
West. Union Tel.—Coup. 7s. 190
•--"•
105
EastTenn.—lat
Railroad Bonds.
(Slock Kzchange Friees.)
Atlantic & Danv.— Ist B., 69. .1917
.
9%^
ext., gold, 59.1937
Kq. & Imp., g., 58
1938
Mobile & Blrin.— 1st, g.,5»..1937
101
94
01
.
.
1
"
. .
. .
.
.
.
—
.
^
;
1
•
I
.
1
'
'
.
.
,
I
C—
I
. .
'
'
i
1
1
1
,
i
!
I
!
1
1
1
;
I
,
1
. .
I
*
No
price Friday; thea* are the latest quotations
made
thia
week.
1
THE CHEONICLE.
31
[Vol. r.
qnoUtlons in Boston. Philadelphia and Baltimore.
Fallowing are quotations of active stocks and bonds. A ful
each month.
list is given in the Chronicle the third Saturday of
BBCDRITIES.
BKCCRITIES.
BOl^TON.
lULILKOAU STOCKS.
AtcbliMMi
A
Bwtuu^v
AllMiDT...
Lowoll....
BMton A
BOAtoli
tv
Hnntlngton
«
83^
33
217
318
lliSV ie9
a 10
'
268"
Boston* jMov'i nc©
Callfomtn Honthpni ..
..„.
"y«'(
Omtnil o{ MMMKliiuetu
38
40
28 <i
pi»ferr«l
Oao-Burl. ANorth'n....
Ohio. & West. Mich
Olereland ft Canton
"2 9 "4
*
Connecticut
flS's
S7
63
Lewlston
United Co'B of N.J
226=4
•336
eo
45
Amboy.— M.
ft
33
13I'-<j
General mort. 7b, 1903 ....
N.Y.Phll.ftNorf lBt,6>' 108 >4 lOSH,
60
.
Income, 6«
-.
Penn.— Gen.68, coup.1910 1^2
,r.2i>
Cons. 6s, coup., 1905 ..
824
Confl., 5b, coup., 19J0.,
A\iR, Tiust Loan
Perklomen— Istso. 68, '18
I
82 U
02 1«
5;<VI
t>B...-
iiak;.
jUU
102 H;
Penn. A N.y.Can.-6.«.' 3f
A Krle—con. 68.
Philadel. A Read.— l8t, 6s
2d, 78, C. A R., 1893....
114
Mo. K. In Neb.-
no's
Kiempt.fia
Hon exempt, 68
Plain**, lain. •;•-••
42
-
132
Cons., 78, coup., 1911...
Cons., 68, g., I.R.C.1911
Imp., 6s, g., conp., 1897.
Cons. 68., l8t ser., 1922.
•loo's
OaUfomiaSoath.— 1st, Ss
--•••
Inoome.68
101', 102
General niortg. 4s
98
.•-i,"i---
120
"99S4 :oo
Deferred Incomes, coup
87 >4 87 Hi
Vrrr.iont— 08..
Oouaol.
Phil.W. & Bait.— Tr. c, 4h
Ea»tem,>1a«a.— Cs.new.. 124
Pitts. Cin. A St L.— 7s,cp.
C. Ft. Scott ft Mcm.,6s 115
118>a SchnyL B. E. B.— 1st 08..
K ( Ft. Scott A CiH.-78,
Steuben. A Ind.lst m. B«
-8s:
8s ICOHj
Kane. City Law.ft So.—
99 >« lUnitedN. J.-G. 48, 19S3
X.C. Memph. ft Blrm— 68
Warren A Frank.— 1st. 78
Kan.Clt.8t.Jo.4C.B.-7si
WestChe.at'r— Con.78,'9i
K. litv Clin. A Hpr'd.-6s' 96 100
Wcht Jersey- Ist M., 7s.
Little "R. ft Ft. 8m.— 78....
W. Jeraev A Atl.-lst, 8«
i09
6s
ASt.L.—
let,
Lonlsv.Ev.
West Penn.-es. 1893 ....
73
....
iJdmort., 2-88....
Pittsburg Br.. Bs.
.05
Mar. IL ft Ont.-1926, 6s.
01
iW
.
69!'<
70
38 >a
21
22
KAI.TIMOKE.
RAILROAD STOCKS
Baltimore A Ohio
36^
1041, 104'4
105 Hi
—
RAILROAD BONDS
-
...
Conaolldated Gas
Jersey city A Hohoken.
Metropolitan— Bonds
Mutual (N. Y.)
—
Bonds, 6s
Kusan (Brooklyn)
1(13
100
112
100
Serlp
,
|
People's (Brooklyn>......
I
(
I
I
42
44
Am. Ban» Note Co
19
Am. Pig I' on Stor'ge war. ISi*!
10
12
Am. Caulc Trust.........
P'k, Ist Se
A Pike's
A Char. Air Line....
87
:.
33
8
Atch.
1st 7s, 1907............. 117
Brooklyn Bleva— atook.. 37
Bmnswlck
(Jo
Gallfomla Paciflo
lit mort, 4H)S.....
Obio. ft Atl.— Beneficiary.
Clndnnnti A Kpriugf
Comstoek Tunnel
Ist Income 4s
Continental Con.
do.
A
Imp..
Trnsteed stock. .;_...
cattle F. Tr.
8tk.
Dnl. B. shore ft
Dl' tillers' ft
At—
103
127
110
40
40
39
6H!
7
20
10
...«...•
p. c. pd)
1st pref
l8t 88
Keely Motor
Letalghft Wilkes-Ooal...
Little B. 4 Mom. 1st Ss..
31
Loulsv. St. Louis ft Tex
MeriphlsA Cha'at consols 116
80
26
46Hi
14
3hi
&W.— 1st accintcert
29
47
80
6
33 >t 26
71
8H1
64
62"^
Louis ft Chicago
Pref
St PaulE.ftGr.Tr..lBtes
Scioto Val. 1st 7B,Tr. rec.
2d, 78, Trust receipts...
Toledo Peoria ft Viest...
Utah Central.— Ist 6s
4^
83
86
80
102 Hi
6>i
35
St.
WestN
Car.— Coa.68....
14=4
95"T98'
352,066
Chic. Mi). & St P. 3d WkDec.
538,000 49,-,335 25,206,919 24,144,477
Chic. AN'thw'n- November. 2,513,452 2,283,424 24,002,316 •23,892,347
Chic. & Oh. Eiv November.
55,766
5,543
6.376
66,794
Chie.Peo.&8tL.
Chic.StL.&Pitt
Chlc.StP.&K.C.
Chic.StP.M.AO.
Chic. & W. Mich.
Septemb'r.
October, ..
2d WkDec.
November.
3d wk Dec.
November.
&
3d wk Dec.
3d wk Dec.
Ala. Gt South. Sd wkDec.
N. Orl. & N. E. 3d wk Dec.
Ala. & Vicksb 3d wkDec.
Vloks. 8h. & P. 3d wk Dec.
Erlanger Syat. 3d wk Dec.
&
Cin. Ga.
Ports.
Cin. Jack.
Mai
Cln.N. O. &T. P.
wk Dec.
Clev.Akron&Col 3d wk Dec.
Clev. & Canton,. November.
eCl,Cin.Ch.& S.l. 3d wk Dec.
Clev. & Marietta
Color. Midland.
Col. A,
C!ol.
Greenv
.
.
& Cin. Mid..
Col.Hook.V.&T.
Colusa <fe Lake.
Coving.&Mac'u.
November.
3d wk Dec.
November.
3d wk Dec.
November.
November.
November.
November.
Oay.B'tW.&C'h..
Denv. & Rio Gr. 4th wkDec
Den. Leadv.&G. October, ..
Den.Tox.<fe F.W.'November.
Det:.Bay C.& Alp November.
Det.Lana'g& NO|3d
Duluth 8.S.& Atl 3d
E.Tonn. Va.&Ga. 3d
wk Dee.
wk Dec.
wk Dec.
Eliz.Lex.&B.S... October.
..
wk Dec.
H.Sd wk Dec.
Evans.&lnd'plis 3d
Evansv. & T.
Fltchburg
&
i6Hi
360,'i2
.
November.
Flint.
P. M.arq.'Sd
Fior. Ccnl.& P. j3d
99
4,293
4,717
36,906
2,576,727 2,882,877
15,686,494 14,123,365
4,6(a,B8a 4,267,583
20.287,88 18,390,948
1,500,253 1,425,900
721.834
828,219
21,890
19,455
1,904,524 1,949,495
60,119
51,151
48,34'2
53,133
699,356
660,730
.
.
20
1888.
W
.
I'OO
Latest Dale
.
.
FtW 3d wk Dec.
& Mob. November.
Cin.Wab.&Micb. November.
34
26
2d ace. lut cert
Ocean 88. Co.— Ist, gnar. 100 ii
Pensaoola ft Atlantic
8OH1 Postal Telegraph— Cable.
2
6
75
O.I.
^ejitemb'r.
Cin. Sel.
32
120
25
to
1889.
281,000 273,00(1 14,629.857 12,874,093
OanauianPacifli JdwkDec.
38,9i
31,450
362,175
299,289
(Jp.F'r&Yad.Va. November.
95,669
91,035
662,444
748,094
Ocflt. Br. U. P.. October. ..
Cen.KK.&Bg.Co October. .. 918,978 901,295 6,351,'276 5.845,141
Centralof N. J.. November. 1,172,311 1,174,567 12,385,787 12,200,261
Central Pacific.. October. .. 1,538,760 1,574,058 13,208,549 13,184,353
Central ot 8. C. October.
11,294
11,154
84,156
85,423
Charlest'n <t Sav November.
48,235
549,083
503,139
57,468
Char.Col. &Aii.e November.
86,372
93.495
807,059
823,983
Chat.K'me<feCol. November.
31,500
16,094
252,182
Cheraw. & Darl October. .
10,490
12,418
70,420
661410
(iChes. & Ohio . . November.
569,000 440,000 5,.588.010 4,695.325
Ches. O. & 8.
November. 186,577 180,825 1,934,862 1,817,499
Cheshire
.Septemb'r.
56,400
58,074
475,54
438,470
Ones. & Lenoir October. .
60,273
64,869
7,039
7,787
Chic. & Atlantic. Sd wk Dec.
54,390
44,915 2,230,6ei 2,197,844
Chic. Burl. & No October.
212,947 248.614 1,628,080 1,604,553
Chic. Burl. & Q. November. 2,323,590 2,230,839 24,296,220 21,621.494
Lines contr'l'u November.
64,3,988
607,728 ,b,o71,620 5,347,223
Chlc.& East. III. 3d wk Dec.
63,740
57,.533 2,587,648 2,659,'220
Cin.Rich.&
L.N.A.AC— O.AI.DIV.,e
N. Y. A
17
3d mort
34
N.Y. Loan ft Imnr
42
N. Pac. P. d'OreiUo Div..
43
Mlsiourl Division
SB Hi North Blv.Cona. Co.scrlp.
&
Cin.Wnflb.&Ba-f 3d
Green'd Lake, Ist
110^ 111
Ct Ncrlhem (35
Xanawba ft Ohio
i22'
100
123
108
e\ N.Y'. V.'.S.A Buff
--
Consol. 6a
Income 6a
iio'
Mei. NatConstmct'nCo. i20
02
Michigan A Ohio
119
Mt De.s.4 Kast 8h. Ld.Co. 75
40
Newb. Dutch. A Conn
8IH1 N.J. Sonthern
N. O. Pac. Land Grant...
Newp. N. ft Mlaa. VaU...
eeorgia p»o.— Stock
latOB
Pref
77
123
112
95
8BCITRITIE8.
UmBBKOUKITIES.
Atl.
75
120
103
90
Stock Exchange— Unlisted Securities.
New York
153,182
43,'254
I
Williamsburg
70
103
Bonds, 6s
92 Hi Metropolitan Brooklyn)
Mnnicipal— Bonds, 78
120
Fulton Municipal
105
Bonds, 6s
....
102
Equitable
Bonds, 68
102
Polomru
6'23,084
41,5(54
M. Y. and Brooklyn Gas Secnrlties— Brokers' Quotations.
Bid. Ask.;
GAS COMPANIES.
Bid. Ask
"gas com PANIEa
108
67
100
93
180
116
iv
Beecli Creek
..
Canada Atlantic
11
-
Bait
October.
47,913
November.
'24,423
37,000
November.
45,632
85,028
3d wk Dec.
November. 1,502,333 1,224,077
November. 449,788, 375,888
November. 1,952,121 1,599.905
November. 152,871 141,062
54,551
November.
72,310
November.
3,196
2,256
105
103
'
Citizens' Gas- Light
Bonds, 5s
B.&0.Ea8tLlnef
Western Liue^
wk Dec.
Sd wk Dec
3dwkDec.
41,1,11
Atlanta ft Char.— 1st 78. 117 120
104 14
Income, 6s
Bait.
A Ohlo-4s,1936..
103
Incomes
•.•••v
CapeFearft YaQ.--l8t,6P 103 103^
96>!i 97
Wlscon. Cent— Ist M., Of
101 Hi
60 "s Cent. Ohio-6s, 1890
-Income, 68
Char. Col.* Aug.- Ist, 7s 103
99
Cln. Wash. A Bait—Ists.
99 "i
PHILADELPHIA.
2d, 58
67
98
RAILUO All STOCKS t
31
3d. as
60
BeU'sGap.-.--- -,
12 "a
40
Ist Inc., 5s, 1931
Camden ft Atlantic, pref.
Seah'dftRo'n'ke— 68, 1926
Bast Pennsylvania
West Md., 3d gnar., 68..
Blmlra ft willlnmsport..
WU. Col.ftAug„6e,1910. IWt*
70
Preferred.
* Last price this week.
"TPer share.
Brooklyn Oas. Light
Total systemt.
Atlanta .feChar.
Atlanta .VW. Ft
Atl. iSrDaEville
Atlantic .V- Pac.
10,461
464,073
1,010
108,925
23,625
34.794
8,329
4,528
38,588
102
130
120
60
60
Jan. 1
202,468 1,968,857 1,718,153
9,285
88,550
84,614
7,735
107,768
8,434
110,671
105,349
427,459 20,086,165
652
60,903
96,385 3,932,746 3,134,615
36,901 1,660,785 2,385,497
606.115 27,154,818 25,672,108
141,809 1,225,.579 1,076,697
44,432
413,787
373,464
Western November.
Cainrteii & Atl. November.
100
I
Soutli'nCalifot
wkDec.
8uft.Roch.A Fit' Jd WkDec.
& Nortliw. November.
75
I
St.L.K.C.&Ool. 3d
Gulf.Col.AS.F. 3(1
Biirl.
Central Ohio
Preferred
10»><
13,88.5
..
& Atl. November.
& Cin. November.
Ashv.iSt Spartan. November.
Alcb. T. & g. Fe.. 3(1 wk Dec.
Burl.
t
Chart Col. ft Augusta
Western Maryland
—
1888.
1(15
12.5
1(17
110
2d pref
118
'08
106
I
'
Sdniort., scaled, 38....
Oigdeus. & L. C.'-Cons., 6f
.Rntland— 6s
Southern Kansas— 68
242,948
9,333
Am
Bir.Selma&N.O.
1071)
Ist pref
127 '4
iHtoii
Anniston
illo lieny Val.. October.
Total
118
'
Ist cou. inc. ,38, i93
2<1 con. lnc.3»,li'39....
H. Y. ft N. Eng.-l8t, 7b.
1889.
$
ioii4
K
............
...
102's
2rt»eriear)a, 1918
Phlla.
Mortgage, 6»
Weekorilo
—
I
—
Latal Earningt Reported.
BOADS
.
iSl
BONDa
feTexas Division— 68
to
to others at $1
RAILROAD EARNINGS.
139>al ..-2d, 7s, reg., 1910
(136
Cons. 68, C.&R., 1923..
North Peiin.— lstM.,7«. 116
137
Atch. * Topeka-Oen., 4»
-•
Income, 68
l8tmori..b8
2d moit,, 68
subscribers of the Cbsoihictjr at 5Xi cents tttchy
per copy.
The General Quotations of Stocks and Bonds, orcupyinQ
iix pages of the Chronicle, are now published on the
third Saturday of each month.
are sold
I
Old Colon;y
Portland fiaco * Porta.
Bumniit lirancli
Vernjoiit A MasB.
Wlaconsin Central
1923.6b
Mexican Cen —48., 1911
month—viz., January, March, May, July, September
and November, and is furniihed without extra charge to
Extra copies
all regular subscribers of the Chrosicle.
other
and
115
68.
The Investoes' Supplement, a pamphlet of 150 pages ^
oontains extended tables of the Funded Debt of States a7id
I'ities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every^
119
Elniira ft Wilm.— Ist, 6s.
Harris. P. M't J.&U—48 '106 111
lOi
Hnnt'n* B. T.— l8t,78.
2d mortg., 7b
I0334I
18>.
Oonsol. M., 68
113
Leh. v.— Ist, 6a,C. A B.,'98 116 1119
132
ceuti-al
ft
ft
West Jerwey
18%
MeTtr.m Central. ....-•. 112
pref..
H. y. ft New Bng.,
I&334 166
Koiwlch * Woreester....
OKdensb. ft UUe Cbam.. 175 176
Bnrl.
POI4
A Kne
Easton
MiiichtBiiTft Lawrence.
TmBt,&
71
RAII.ItOAD BOXDS.
River
Frrferrt'd
Plain,
64 <3
Allegh. Vai.— 7 3-108,'96. •llS^s
35
Inc. 78, end. coup., '94..
101>4
128"i isfsvi Bolvetl. Dela.— Cons. 48..
Bells Gap— 1st M., 78
133
Catawlssa— M. 78, 1900...
83
83
Clearfield ft Jeff.— Ist, 6s.
2ft
24
12213
Coiineeting- 68
92 V
Dcl.ftBd.B.-lst,78, 1905. 1.S3
.-.••••
ntchburit. V™'
Pllntft Pite Mmauette..
.-Frelerfwl
A Mem.
XML C. Ft ScottJ»'™--,K. C. Meiiii>h. *
lonlBTlllo Kvuns. * St. I*
Preferred...
Preferred
NesfinehoninK Valley
Northern Central
North Penn»ylvama
Pennsylvania
117
lis
208
Painanip..
Xutem
Maine
46
62 'e
70
Wei.t Jersey ft Atlantlo..
•
O'.nnttotlcut
6234
Sunbnry
preferred.
Concoid
Aa
Bid.
LcliiKh Valley
Little Schujlilll
Uinehill ft s. Haven
Phil.
AND
Broad Top
Prof err e<l
I
Topeka.
.-.
ft
%nvitstmtnt
wk Dec.
wk Dec.
Ft.Mad. AN'w'n November.
Ft W.Cin. &L.. November.
Georgia Pacillo. 'November.
Geo. Bo. &FIa.. 'October. ..''
37,129
650,230
86,000
668,937
24,303
5,242
11,310
81,209
45,649
28,951
15,983
19,764
191,556
7,724
9,525
42,719
46,768
14,63:
44,256
237,268
17,566
37,650
99,436
7,204
228,386
3,183
14,584
43,901
210,000
115,329
232,130
31,123
19,685
27,614
151,696
77,392
5,5.54
19,156
551,799
48.77^
28,686
591,968
48,657
616,790
22,207
5,096
9.034
67,964
37,183
26,192
18,013
10,707
166,059
7,399
14,67c
38,091
43,200
11,814
25,373
2'24,319
19,9rf5
269,786
4,815,196
3,258,637
5,839,105
1,34.>,358
229,688
4,470,826
2,311,u90
5,958,744
1,376,996
59,908
530,560
3,513,818
1,496,313
866.846
59,365
602,365
3,809,329
1,838,775
1,021,267
482,652
589,339
594,123
546,595
7,852,833 6,908,224
429,009
395,333
106,168
90,634
447,402
484,674
2,081,212 1,993,980
669,455
727,876
346,983
406,679
11,727,012 10,826,883
23'.,e08
263,960
30,733 1,557,261
77,712
690,381
6,692
339.076
253,634 2,252,994
2,955
24,878
7,620
100,341
38,519
454,008
176,250 7,999,511
815,.>t31
87,654
250,498 2,198,688
32,994
455,737
17,255 1,089,164
19,751 1,730,620
121,149 6,221,909
93,329
683,508
5,331
293,217
15,979
877,670
497,039 5,438,827
43,740 2,302.653
1,334,128
29,9.;3
28,.'50a
1,11.0,422
2,509
26,198
170,590
40,648
2,699
21,683
122,983
7,501
23,609
283,701
1,306,878
253,037
573,686
346,173
2,673,467
20,254
44,834
393,233
7,668,654
918,919
1,783,858
428,116
1,006,923
1,401,289
5,473,284
831,926
247,231
834,199
5,101,285
2,338,337
928,949
25,147
246,920
1,171,113
Jandary
THE CHKONICLE.
4, 1690.1
Latttt tamtnffi SeporteA.
Jan. 1
to
Zatett Date.
B0AD8.
,
WetkorJUi
Or. Rap. &Ind.. 3d
Other lines
.
..
td
1889.
9
wk Dec.
wk Dec.
3Si!,975
82,49()
Det.Gr.H.<feM. Wk Dec.21
Gulf & Chicago. November.
Housutonic
October.
Hiimest'n&Bhon N<n'ember.
22.074
5,221
134,337
18.000
.
lU.Cen.dll.&So.i Novcniher. 1,416,859
Cedar F.&Mlu. November.
9,649
Dub. & Slo'xC. November. 184,941
Iowa lines
November. 194,590
Total all.... November. 1,611,449
Ind.Doc.&Weat. November.
29,225
Intcroo'njo (M.\) November.
103.617
Iowa Central
37,848
1th wk Dec
Iron Railway... November.
2,9St
.
J'k'uv.T.&K.Wi/ October. ..
Kanawhatt Ohio :id wkDec.
JC.C.F.S. &Moni. 2d wk Dec.
38,060
5,608
99.512
5,207
31,436
43,600
101,965
8,719
2,554
Kan.
C. CI.&Sp. id WkDec.
K.C.Mem. &Bir. 1st wk Dec
K.C. Wy. &N.VV November.
Keutuctey Cent. November.
Keokuk & West. 3dwkDeo.
Kingafn & Pern. Istwk Dee
Knoxv. & Ohio. October. ..
L. Erie All. & So November.
;id
Lehigh*
November,
Rock
IIiul..
53,64"
5,200
wk Dec.
Ii.Erle& West..
49,942
20,106
16.172
230,045
48,271
20,512
388,745
41,291
147.107
Meui. id wk Dec.
I/Ong Islund
Deceiub'r
La. & Mo. River. .Septemb'r.
Loul8.Ev.& St.I,. 1st wk Dec
Loulsv.&Nashv. 3d wk Doc.
li.
ife
Louis.N.A&Ch. 3d wk Dec.
Louisv.N.O. ^T. 4th WkDec
liOU.St.L.&Tcx. November.
33,000
4H,733
135,438
71,877
67.278
{Mexican K'way Wk Nov.30
Mll.L.tJh. & West 4th WkDec
Milwaukee* No 3d wic Dec.
Mineral Range.. November.
Minneap. &8t.l,. November.
M.St.P. &S.S.M. November.
Mo. Kan. & Tex. November.
Mobile <fc Ohio
Decemb'r
59,6,^7
23,200
8,56'
43,000
198,701
778,892
321.751
Montana Union. October. ..
80,327
Nash.Ch.&St.I.. November. 293,989
N. Jersey & N.Y. October. ..
24,443
New Orl. & Gulf November.
21,008
N. Y. C. & II. R. November. 3,113.405
N. Y. L. E. & W. November. ,479.171
N. Y. Pa. & Ohio October.
672,058
N. Y. & N. En.g.. November. 491,348
N. Y. AKorth'u. November.
4li,05b
N. Y.Ont. &W.. 3d wk Dec.
32,613
N.Y. Susq.A W.. November. 133,345
Norfolk & West. 1th wk Dec
89,071
N'theast'n (S. C.) October.
51,304
North'n Central. November. 528,151
Northern Pacltlc 3d wk Dec. 347,126
Ohiolnd. & W.. November. 117,523
Ohio & Miss
3d WkDec.
94,826
Ohio & Northw.. November.
18,918
1
.
.
.
Col. & Maysv.
Ohio River
Ohio Southern..
OLloVal. of Ky.
Omaha &
Bt.
."89, 570
6,906
2,350
49,113
6,733
43,484
20,400
17,313
216,205
40,718
20,487
23, 348
45, 440
114, 014
63, 023
V7, 523
43, 228
21, 898
9,
233
140, 600
137, 994
557, 173
312, 498
72, 136
201, 571
21, 495
22, 690
;,994, ,242
;,260, ^298
585, 168
459, 547
41, ,830
24, 325
126, 600
75, 500
56, 344
488, 114
360, 737
llti,
110
104, 944
14,
130
53,289
3,773
51,859
390,363
687,763
633^742
5,492,800
23,917
30.371
495,103
1,930,114
124,584
45,271
23,831
36,976
30,851
41,621
11,929
20,830
299,850
25,597
24,050
8,400
& Erie...
& Read's.
October.
October.
Pitfsb. & Wcst'n October.
Pitt.s.Clcv.&T. October.
Pitts.Pain.&K
Total system
Pt. Royal A: Aug.
Pt.Roy.&W.Ciir.
October.
.
.
.
..
.
3d WkDec.
October.
October.
..
..
Pres.i&Ariz.Cen. November.
OuincyO.&K.C. November.
eR.&Dan. Sys'm 3a wk Dec.
Rich. ifePetersl). November.
Rio Or. West. 3d wk Dec.
Rome & Decatur November.
Rome W. & Ogd. October. ..
Bt. Job. AG. Is!. 3d wk Dec
St.lv.A.&T.H.B's 3d wk Dec.
et.L.Ark.&Tex. 3d wk Dec.
.
S.Aut.&Ar.Pass. iSd WicDec.
Heptemb'r.
3d wk Dec.
November.
November.
Gal.Har.&S.A. October...
October...
Morgan'sLiT. October.
N.Y.T.&Mcx.
441, 026
,991,
486
118, 459
48, 245
29, 890
40, 710
32, 398
34, 358
12, 132
19, 016
254, 350
24, 821
27, 725
4, 738
160, 606
118, 487
940, 357
26, 465
53 164
24, 493
261,672
955,486
319,527
170 036
18-2,9 14
477, 920
410,907
56,771
56, 382
129, 837
315,138
95,740
537,688
I
i
.
i
Reported.
1880.
Summit Braneb.] November.
101,680;
Jan. 1
(o
1888.
1889.
«
•
LaUtl Dale.
1888.
106, ,765
1,099,,621 1,328,508
837,,334
929.481
6,599,,556 6,166,273
loLA.A.&N. M. IthwkDeo
30,886
21, 225
976,,315
687,579
To). Col. ACIn.. 3d wk Deo
5.445
4, 086
252,,303
18i,472
Tol.4 Ohio Cent. 4th WkDec
28,106
26, 179 1,232,,666 1,193,127
To"..&O.Cen.Ex. November.
8,216
8, 113
106,,906
79,643
Tol. P. & West.. 3d wk Dec.
20.591
16 ,942
897,,267
872,002
Tol. St. I,. & K.C. 4th WkDec
47,105
23 ,429 1,091,,748
589,614
Union PaolUc... November. 2,889,4082,723 240 28,2«.\ ,473 27,6X11,847
Total systemt.. October. .. 4,270,476 4,017 685132,431,,049 32,'22
1,908
Valley of Ohio.. November.
52,300
53, 700
587,,9551
569,732
Vermont Valley November.
14,902
13, 243
175,,677
167,212
Virginia Mldl'd. November.
191,444 154, 512! 1,964,,760 1.076,312
a Wabash
3d wk Deo. 261,900 250, 300 12,628, 111 12,031,023
Wash. 0..t West. November.
9,376
115 ,974
8,,944
110,122
Western of Ala. November.
65.052
46,,937
499,,561
410,403
West. N.Y. <t Pa. 3d wk Dec.
64,800
56,,000 3,361,,435 3,104.137
West. N. Car'l'a. November.
71,338
67,,249
705,,126
600,938
West Jersey
November. 102,t!95 101,,012 1,4',J3,,170 1,459,187
W.V.Cfm.&Pltts. November.
71.817
60,,865
691,,888
601.202
Wheeling &I,.E.; 4th wk Dec
24.462
24,,356
912,,208
876,262
Wll. Col. & Aug. October.
96.101
95,,918
713,,884
644,000
Wisconsin Cent. 4th wk Dec 102,0001
78, 250 4,268,,618 3,808,045
Wrlghtsv.ifcTen.' November.
4,837:
4. 146
71,,144
Lykana Valley November.
3d wk Deo.
95,376
TezM A Pacltlc
186,6941
83,
Oil
157, 076
1
.
Including linos in which half ownership
Is held.
J Mexican cura Wabash R'way now included.
6 Includes the MMnphis
division in 1889.
e Earnings of entire system, including all road.oyorated. d Richmond & Allegheny Included In both years. / Includes Fort
Worth & D. C. for first three montlis in both vcars.
e For the first six
months includes combined earnings of the old C. C. C. 4 Ind., Cin. Ind.
St. L. & C. and Cairo Vin. &. Chic.
g Main Line only.
t
rency,
Weeks.—The latest weekly earnfojegoins table arc separately summed up as follows:
Only 13 roads have as yet reported their earnings for the
fourth week of December, but on these the aggregate gain ia
3JJ'73 per cent.
Lstnst Oroas Earnlnirs by
ings in
1,629,757
6,110,022
3,549,702
3,832.369
3,468,514
1,189,454
99,954
1,309,815
1,471,848
6,811,546
3,049,383
1,483.434
5,577,W8
2,309,871
3.576.847
2,830,783
1,059,170
90,995
1,244.133
1,007.057
5,746,1.54
2,606. 2.S2
624,110
655,077
3,196,460 2,840.155
204,670
203,212
100,034
148,092
33,075,067 32,282,733
25,324.102 24,867.550
5,452.282 5,201,023
5,177,237 4,910,196
555,834
516,005
1,810,761 1,648,396
1,278,228 1,322,208
5,569,611 4,899,599
506,029
494,068
5,509,731 5,703.857
21,364,362 17,093,267
1,304,279 1,371,322
3,999,923 3,781.509
198,215
171,529
10,080
7,713
592.933
471,820
480,912
506,141
135,776
110,073
46.3,566
381,146
3,571,176 4,101,288
5,055,225 5,238,990
5,372,414 4,658,198
56,019,180 53,363,995
685,239
705,857
429,125
379,213
3,703,544
3,910,123
10,280,653 10,272,725
1,170,314 1,050,441
415,569
394,557
221,153
242,605
2,121,639 1,974,895
208,312
255,949
255,037
283,488
117,108
96,847
197,023
226,070
11,204,950 9,940,974
270,115
243,615
1,445,731 1,328,461
2.903,254
1,227,139
1,075,580
3,743,084
55,458
6,043.197
1,201,355
8,102,614
2,799,504
1,151,401
901.5-'3
2,963,098
47,814
5,773.251
1,436,329
8,423,705
tlie
4'ftweefc of December.
1889.
Denver & Rio Grande
Norfolk
& Western
Ohio River
& San
Francisco.
1,402,371
075,2'29
179,123
476,017
279,933
873,712
1,231,568
107,908
500,457
766,502
Total(12 roads)
Net Increase (23-73
960,153
776,004
The final statement for the third
11 '24 per cent gain on 79 roads.
3ii weeJc
nf December.
week
1889.
1888.
$
*
1,927
106
23,750;
184,149
184.149
3,325,867
427,459
lOa.9-25
Southern Ciilitornia
Chicago & West Michigan.
Cincinnati Jack. & Mack.
Cin.N.O. &T.P. (5 roads).
23.625
24.303
11,310
101.556
7,724
46,768
14,632
237,268
37.650
7.204
19.685
151,696
48,772
29.923
37,513
3,526
386.975
82.496
22.074
5,668
8,719
41,291
94,826
12,764
299,850
25,839
50,984
5,445
23,948
20,591
96.385
36,901
22,297
166,059
7,399
43,200
11,814
224,319
30.733
6,692
17.255
121,149
43,740
28,505
35,844
3.917
355.413
72.049
19.841
5,167
6.906
40,066
104,944
11.589
234.350
19,361
24,493
4,086
20.726
16,942
6,246,367
5,615,154
Cincinnati Rich. &Ft. W.
Cincinnati Wash. & Bait.
Cleveland Akron & Col ..
Cleve. Cin. Cblc. & St. L ..
Colorado Midland
Col. & Cin. Midland
Detroit Lans. & North
East Tennessee Va. & Ga.
Flint & Pere Marquette..
Florida Cent.* Peninsula.
Grand Rapids & Indiana.
Other lines
Grand Trunk of Canada..
Chicago & Gr. Trunk..
Detroit Gr. H. &Mil...
Kanawha <fe Ohio
Keokuk & Western
Louisv. N. Alb. AChic...
Ohio & Mississippi
(8 roads)..
&T. U. Brches.
Toledo Col. & Cincinnati.
Toledo & Ohio Central...
Toledo Peoria & Western.
Total (79 roads)
of
December show^
Decrease.
9
9
3.697,734
4G4.073
1,010
St L.Alt.
9,6611
23.676
Inereaae.
Prev'lyreport'd(35road8)
At.Top.cfc 8.F. & I'd roads
St.L. K. C. ACol
Gulf Col. & Santa Fe...
Ohio River
Rich. & Danv.
10,694
p. c.)
652
19.034
Net increase (11-24 p. c).
438.500
36,614
358
12,540
61J,633
i3,27«
2,006
2,276
25,497
325
3.568
2,818
l.',949
6,917
512
2,430
30,517
5,032
1,418
1,669
........
301
si, 562
10.447
2,233
501
1.813
1,225
lio,iia
1,175
45.500
6,478
26,491
1,359
3,222
3,649
90,418
721.631
631,213
?
Net Earnint^s Monthly to Latest Uates.— The tables follow
ing show the net earnings reported this week, the returns for
each road being published here as soon as received, but not
kept standing from week to week. The figures cover the
latest months and the totals from January 1, and also the
totals for the fiscal year on those comp nies whose fiscal year
does not correspond with the calendar year.
,
783,040
96,146
876,489
.>%MO
24.462
102,000|
47,105;
33.750
10,950
38,679
16,429
13,565
1,145,525
3,239,403 3,061,598
785.953
885,401
4,192,154 4,0,57,675
114,580
145,218
1,386,770 1,170,328
9,190,131
9,818,947
28,681,992 29,301,076
38,530;938 38,551,206
1.932,085
5,119,669
1,529,149
1 1
Wheeling & Lako Erie...
Wisconsin Central
. .
9
176.250
26,898
108,488
43.228
75,506
160,606
21,225
26,179
23.429
24,356
78,250
Toledo Ann. A.ifc No. Mich.
Toledo & Ohio Central
Toledo St. L. & Kan. City.
Decrean.
Tnerease.
$
210,000
37.848
147,167
59,657
89.071
12,551
171,300
30.886
28,106
Louisville N. O. & Texas.
Milwaukee L. 8h. & West.
8t.I«uis
1888.
$
Han Antonio & At. Pass..
17 168
20, ,053
72, 836
4, "102
70, 333
October...
18,475
& N. Orl. October...
134,049
Atlantic sys'm October. .. 1,342,078 1,101,090
Paciflc system October. .. 3,282,058 3,427,662
Total of all.. October. ..'4,624,136 4,528,751
So. Pao. RR.—
No. DiT. (Cal.) October. .
204.401
222.643
So. Dlv. (Cal.) October. ..| 547,769
605.005
Arizona Div.. October. . .
175,023 164,818
New Mex. Dlv. October. .
77,825
82,019
Spar. Un. iSi Col. October.
11,937
10,926
Btaten I. Rap. T. November,
54,476
52,791
Tex.
.
260,617
4, 400
36, 532
19, 361
87, 791
408,474
111,967
609,585
28,099
183,953
. .
,860, S54
20, 911
32, 810
322, 349
Co.—
Louis'a West.
397, 191
731, 719
594, 698
40.718
25,839
119.731
5,089
171,300
50,984
17,921
20,493
59,078
7,680
93,691
130,479
Fran.&N.Pao ItliwkNov
November.
2, 455
39, 756
35,5.741
St.L.DcsM.&N. November.
StL.&SauFran. ilthwkOec
8t.PaiiU\iUurtli November.
128,91 5
St P.Min.A .Man. November. 1,221,126
East, of Minn. November.
116,04;
Montana Cent. jNovember.
89,713
Sav. Am. & Mou.
Scioto Valley...
Seattle L. 8. & E.
Shenandoah Val
South Carolina .
976, 231
338, 982
1,379,834
55,622
361,928
263,793
4,116,7.9
2,430, 916
1,100,755
250, 420
229.929
576, 479
647.654
3,485, 370
1,414,780
331, 753
333,012
984, 905
958,021
345,580 17,527, 984 15i,62 1,957
40,066 2.380, 300
:,2(),S,440
108,488 3,010, 486
,420,317
November.
Istwk Nov
L.. November.
.
So. Paciflc
5,101
669
.
37, 651
23,593
30,357
96.3;)1
IfeefcorJfoi
'
l,523i Yeo
413, 594
271, 357
4,560, 538
263, 359
11, 589
48, 411
Ore.S.L.&Ut.N. October.
Pennsylvania .. November.
FeonaDec.&Ev. 3d wk Dec.
Petersburg
November.
S.
4,13
29,013
5,167
98.330
812
Co. October.
1,677.5.'^^3
68,015
2(i,898
12,.551
Orcg. R.
1,713, 710
,330,232 14,475, 914 12,330.173
29,062
352, 681
348,910
4th Wk Dec
.
Phlla.
Phila.
,165,294 12,775, 307 10,652,021
8,764
87, 132
87,293
156,174 1,013, 475 1,590,21 3
November.
Oregon Imp. Co. October.
&N.
35,844 2,222, 982
,183,496
3,917
198, 219
198,669
355,413 19,488, 932il8 ,274,671
72,049 3,533, 772 3 ,134,597
19,841 1,034, 237 1,074,451
6,960
40, 106
35,209
117,283 1,045, 500
950,727
16,784
140, 305
140,989
164,938
Bo ADS.
1888.
29.03!)
Louiav. South'n. November.
(I wk Dec.
IMexlcau Cent... 3d wk Dec.
;Mex. National 3d wk Dec.
Memphis & Chas
.
1889.
I
37,513
3,520
Grand Trunk. .. Wk Dec.2
Cliio &Qr.Tr. Wk lJcc.21
.
1888.
35
Mamingt
Latett
1,746,549
5,000,977
1,758,959
838,141
82.550
856,889
Boads.
& Potomac
November.
1888.
1889.
$
$
.
,~Jan 1
1889.
*
to
Nov. 30.-^
1888.
.
*
.
152.871 141,062 1,500,253 1,425,900
360,435
495,318
59,100
49,232
Net...
1,328,964 13,744.857 12,049,093
Gross.
1,473,695
Canadian Pacific...
Net... 714,718 579,262 5.489.335 3,45'2,10*
Bait.
Gross.
THE CHRONICLR
36
.
JbHU/*.
OM. of N,wa«..T.Onj«.
>
*
L.nc.cout™Ued...O^M.
MIL *
1888.
569000
440000 5.588,010 4.605,325
Otow'
"s'moSSs:. .InST:
Ch...
'« ^'o'^^O.-.
1889.
2,990,235 2,275,486
56«,206
967,696
21,621.494
24.296.220
Qulncy.G^^^,. 2,323.590 2,230,839
tnVnr 10
CUio. BUT.
—/«»•';
•
9
1.17|3U 1.17«67 1|.3|5.387 12.|00.m
n..«.pc»..40hio..Gro«..
i..i„ 1
9**
Hotembtr.
1888.
1889.
St.
:::.::::
643^
::
607.728
6.g71.6.0
5,347.223
P.«l.a««.. 2,737.376 2.615.250 23.538.419 22,503,249
8!i:i8,643
fl.377,285
12,429,501 12,039,159
4,878,921 4,501,359
3,558,748 3,304,992
378,560
995,247
1,235,922
155.000
Net...
1,810,120 1,587,733
Jul»ltoNov.30, (Ciross
528,286
748,000
tNet
luoutbs....
if
788,824
938,831
Mew Orl. 4 North.. Gross. 113.679 105,559
111,000
185,000
33,000
38,01W
Net
382,684
453,752
JuljltoNov.30,) Gross
67,000
122,000
> Net
5 mouUia
432.142
540,831
66,060
72.733
Alabama &V.cksb.0«8S.
72,000
1.53,000
32,000
212,692
274,615
JolTltoNov.3ft> Gross
57,000
88,000
>Net
5 montbs
501,418
544,936
76,415
70,661
Vlok«.8hroT-.4 Pac.Gross.
111,000
118,000
27,000
24,000
?Jet...
267,281
280,929
Jiilyl'oNov.30, (Gross
81,000
88,000
(Net.
,< mo lit Us
346,983
406,879
25,373
Gross.
44.256
Cleveland* Canton.
132,3.'>0
109,143
.5,510
15,307
Net...
162,533
211,196
July 1 to Nov. 30. 1 Gross
52.822
72,076
(Net
mouths
912,979 11,024,734 10,143,167
Clev.Oin. .hlo.&8t.L.Gross. 1.092,420
3,208,424
3,755.528
340,960
385,830
Net...
5,474,013 5,051,688
July I to Nov. 30, (Gross
1,946,970 1,782,792
JNet
5 mont is
1,380,034 1,257,604
125,871
Gross.
143,833
rowa Central
108,689
395,389
33,906
56.881
Net...
liOUlsvUlo&Njlshv.. Gross. 1.595.416 1,341,787 16,357,244 14,588,977
Net...
655,875 499,670 6,462,515 5,140,121
8,065403 6.853,034
JiUyltoNov. 30. ) Gross
3,403,881 2..'i68,534
JNet
5 montlis
2,581,596 2,109,835
287.196
371.903
Louis. N. Or. & Tex.Gross.
802,452
529,870
152.047 110,362
Net...
K. Y.Lake E. & West. Gross. 2,479,171 2,260,298 25,324,162 24,867,550
8,657,081
8,516,243
813,063
903,553
Net...
Hetlessproport'n due roads 677,176 626,009 6,380,278 6,372,118
cperated on a p.c. basis.
.^.284,173 4,822,613
Oct. 1 to Nov. 30. ( Gross.
2,013,873 1,822,090
4Nct. ..
2 months
Net less jirop'rt'n due r'ds
1,537,378 1,412,479
July ItoSov. 30, ( Oro«8.
JNet
5 moutbii
Cln. H.O. * Tox. PacOroiw.
^
operatedon ap.c. basis.
N. Y. Ont. &. West... Gross.
.
300,589
93,010
154,689
21,539
129,523
7,346
1,706,621
1,567,369
227,049
280,386
26,584
5,703,857
1,819,953
[Vol. L.
stock. Had it not been for
a dividend of that amount could have been
dend of 2 per cent on the preferred
this misfortune
»
»
the law now stands every railroad corporation is responsible in damages to a person whose buildings or other
property may be injured by Are communicated by its locomoThis liability is incurred, although the railroad,
tive engines.
company and its servants and agents are entirely free from,
negligence. In the case of the Somerville Bleachery no negligence was alleged or proved on the part of this company or
think the law should be changed soany of its employes.
as to render it conformable to that of most other States where'
railroad corporations are held responsible only for fires caused
by their negligence or that of their servants and agent.s." * *
" The increase in gross earnings has been mainly from transportation of freight. The increase in passenger earnings, including mail, express and other sources, has been §37,033, but
the gam in passengers actually carried has been only $39,724,
or 1'7 per cent. This is accounted for by the loss of through,
travel, or that obtained in competition with other roads owing
to our failure to obtain dififerential fares which we have
claimed and under our agreements are entitled to. The gain in
have
freight earnings has been $319,961, or 9-6 per cent.
carried during the year 3,.500,183 tons, an increase of 89 per
cent on the tonnage of 1888, while the tons carried one mUe
have increased from 303,958,615 to 349,949,939, or 15-5 per
cent. As the great increase is in through freight tlie rate per
ton per mile still continues to diminish, having fallen from
1-093 in 1888 to 1-038 in 1889, or a loss of one half mill, although
the rates on competitive freight have been better maintained
than in previous years. The property has not only been fully
maintained, but from the large sums paid for renewals and
charged to operating expenses it is in much better condition,
as a whole, than ever bafore. The track and rolling stock will
compare favorably with any other road."
The comparative statL«tics for four years, compiled for the
Ohronicle, are as below:
paid."
"Ab
We
We
OPERATIONS AND FISCAL RESULTS.
1885-86.
Total miles operated.
229
1886-87.
345
1887-88.
1888-89.
339
369
Operations—
5,026,045
5,591,873
5.744,738
Fassengcrs carried..
4.130,395
Passenger mileage.. 61,073,787 74,043,498 85,329,607 88,56'J,939'
1-97 ci,8.
1-94 cts.
1-75 cts.
1-89 cts.
Bate per jia.'is.p.mile.
3,500.162
Fre'glit (tons) mov'd
2,919,629
3,211,376
2,509,131
Freight (t-D8>mU-Ke 195',113.o82 238.913.600 302,958,615 319;9i9.939
1-07 cts.
1-13 cts.
1-038 cts.
109 cts.
Rate per ton p. mile.
Earninge—
8
1,072 289
2,078,446
Passenger
Freight
$
1,402,689
2,'07,544
459,088
$
$
1,715,155
3,632.373
1.685,430
3,312,412
291.677
465,456
477,314
Mall, exp's, i'nts,d!C,
249,807
326,742
54,393
5,463.293
Tot, grcss eam'gs.
5,824,842
Northern Central... .Gross. 528,151 488.114 5,569.731
Operatiog expenses,
4,011,540
4,264,850
Net...
166,780 125,513 1,855,738
185.065
171,754
Taxes
766,502
70,333
873,712
93,691
.Gross.
Shenandoah Valley.
8,908
27,821
4,196,605
4,436,604
18,513
2,288
Net...t
Total expenses
1,266,693
1,388,238ToL Si Ohio Central. Gross. 126,646 109,122 1,142,185 1,102,303 Net earnings
345.791
439.193
52,630
43,931
Net...
549,151
618,340
INCOME ACCOCNT.
July 1 to Nov. 3P, I Gross.
261,179
178,615
iNet. ..
5 months
1885-86.
1886-87.
1887-88.
1888-89.
West. N. Y. &Penn.. Grose. 288,934 280,085 3,169,635 2,929,237
Receiptt—
$
$
626,642
840,499
55,192
Net...
74,564
l,388,-i38839,877
1,086,667
1,266,093
earnings
630,161
598.431 Net
Oct. 1 to Nov. 30, (Gross.
DUbursemenU—
154,010
157,494
JNet...
2 months
256,480
266,011
281,290
278,955^
Rentals paid
October
U> Oel. :<1 —
260,763
423,228
Interest on debt.
680,388
776,736
1888.
1888.
1889.
1889.
58,715
431
Other Interest
Itoadt.
.f
$
$
(5)264,331 (*4)366,488 (-2)261,836
Dividends
EastTenn. Va. & Ga. Gross" 661,661 550.967 5,151.342 4,600.657
Net'..
278,430 228,658. 2,074,276 1,591,024
781,574
1,055,727
1,282,219
1,056,122
Total disbursem'ts.
2,268,167 1,945.063
July 1 to Oct. 31, ) Gross*
sur.58,303 sur.30,940
def. 15,526 gur.332,116
951,604
676,040 Balance
4 months
JNet*..
49.113
477.920
53,641
410,907
Knoxvllle & Ohio. Gross.
* And '5 of 2 per i eut on 10,000 shares.
177,802
Net...
14,121
19,835
169,888
198,922
173,547
July 1 toOct.31. ( Gross.
Rome Watertown & Ogdensbiirg Railroad.
(Net...
68,161
69,388
4 months
243.686 229,139 2,055,710 1,911,322
Lonls. N.Alb.cSEChic.Gross.
("For the. year ending September 30, 1889.^
106,600 104.342
767,265
703,047
Net-..
157,710 129,810 1,378.905 1,247,843
Gross.
Memphis .& Char
The President, in the annual report, says:
Net...
41,411
3,495
417,664
187,290
" The surplus for the year is less than that of the previous one,^
568,196
471,521
July 1 to Oct. 31, ( Gross.
193.491
months......
JNet.
..
31, ,75 which is accounted for by two items: Increase in amount paid
4
Some Wat. & Ojiden.Gross. 355,741 322,349 2,963,254 2,799,504 for injuries to persons, $38,500; increase in amount paid for
Net...
178,151 157,240 1,230,102 1,197,807 repairs of Ijridges, $35,000; total, §63,500. The former was
125,480
97,694
899,516
760,775 principally due to the extraordinary expense of the unfortuet.L. Alt. ii T.Haute. Gross.
Net...
70,178
49,238
378,819
316,565 nate accident at Forest Lawn Station, and the latter to the
extraordinary strengthening and renewal of bridges. With
* Including resiilta on KuoitvUle & Ohio.
t Net Is given arter deducting betterment expenditures as well as orthese items considered, the result of the year is hightj- satisdinary oi>crating expenses.
factory. The pEissenger business for the fiscal year was very
gratifying, and the earnings the largest in the history of the
» * * '• xhe increase in freight earnings was:
road.
$92,543; the increase in through freight tratfic was 40,874
toES; the increase in local freight traffic was 39,031 tons;
Fitcliburg Railroad,
The largest increases are in grain and
total, 69,905 tons.
(For ttie year ending September 30, 1889.^
provisions, 40,000 tons: live stock, 38,000 tons; lumber, 31,000
The annual report states that the gross earnings of the late tons; ore, 16,000 tons; goods manufactured in this State,
fiscal "year show an increase of $361 ,543, and the net an increase 23,000 tons; other manufactures. 16,000 tons; total, 143,000
The largest losses are in coal and coke, 55,000 tons;
of $108,232, as compared with those of' 1887-88.
tons.
The fixed chargM have been increased in the sum of $23,427, agricultural products, including hay, 32,000 tons; total,
* * •
leaving the net income for the year $833,114. P'rom this 77,000 tons."
amount must be deducted the sum of $252,871, mentioned in
"Two thousand four hundred shares of stock were sold at
the next paragraph, leaving balance of $79,343.
par early in the current year to provide for the five new
" The Board regrets that it has been necessary to omit both engines, three hundred freight cars and the 95,000 feet of land
the usual dividends of 1889. The decision of the Board of Ar- for the new freight terminals at Syracuse. The increase in.
bitrators mutually agreed upon, in the suits for fire damage traffic of about 50 per cent in four years made the increase in
occurring in 1884, to the .Somerville Bleachery and contents, motive power and rolling stock a necessity."
awarded damages against this comjjany amounting to the sum
Earnings, expenses and chaiges are compiled for the
<rf $252,871, nearly equaling the amouut required for a diviCheonicle as follows:
Net...
Oct.ltoNov.30, (Gross.
JNet..
2 months
,
.
.
ffi
—
ANNUAL REPORTS.
—
—
Jancahy
4,
THE CHRONICLE.
1880. J
BARNIXOS AKD BXrBKSKg.
1885-86.
$774,128
14&i,.l22
173 24 J
TotiilKio8<eam-g9. «274CC,7P3
A
tftX.-H.
_li_^9^'f9»
1888-89.
612
643
<!43
$991,.'525 $1,041,37!) $l,(i;)9.G95
1,930, 18
i;,0.').'),05'.!
216,204
231,894
I
'J,! '7,r)!).j
22
),'i83
^F^VSiAH $3,328,325 $3,177,173
_2^U3,726
«tO
V^^».
J^2^^
$!)11,4m4 *l,28-!.837 «1,301,855 $1,313,445
iNoo.ME Acc >i;nt.
18-8-8P.
18S7f8.
1886-87.
18-.5 8(i.
$(11 1.491 «l,288,8;i7 $1,304,855 $1,313.4 1.
Ketearutu«r».
NetearnliiKS
Other
1887-88.
«42
Miles operated
EarniiignjromPassenKcrd
Frelsht
Hail, cxprcsa, ttc.
OpcraliuR ox
1886-87.
31,lOS
i;a,744
iiiouuii!
42,373
34.0.13
"$941,243 $1,319,840 $1,317,228 $1,347,498
Total..
$504,110
18y,370
laferest.*'
Ken tnis ......
Dividends
$523,765
395,786
•.76,82J
...
.$693, 4«0
Totai
$217,763
Burplus
$,^43,231
$3a<!,7;i2
340,911
327,831
34:i,785
321, 112
$1,196,376 $1,211,970 $1,254,629
$135,252
$92,809
$123,464
GENERAL INVESTMENT NEWS.
Bt'irs (iai)— lleailhMd Je Jefl'eisoii.— At special meetiugs
Jefferson and Bell's
of the stockholders of the Clearfield
Gap railroads it was decided to consolidate them under tlic
name of the Pennsylvania Northwestern Railroad Company,
the consolidation to take effect January 1, 1890. The capital
stock of the new company will bo $1,660,000, and the bonded
indebtedness $1,000,000. This is a slight increase in both the
capital stock and bonded debt of the roads.
&
&
37
tions with the mines) for the twelve munths ending September
The operating expense-s in Nevada (includ1, 1839,1201,183.
ing cost of the aforesaid new connections) during the same
period, $88,994. The average recemts p<'r annum for the throe
years ending on September 1, 1889 (including money rc<-eived
for the aforesaid new conmtctions during the same i>eri(xl) were
$376,915. Tlie average operating expenses in Nevada during
the same -period (including cost of tlie aforesaid new connections) were 183.337. " As no new connections of any magnitude
with tlie mines are in contemi>lation for the coming year, it is
estimated that the income for the year endhig S<'pteml)er 1,
1890. will probably be about $265,000, .-md the exiK'ii.ses will
probably not exceed $84,000, leaving net Income about $181,000.
" The only other expenses now in prosjiect are legal expenses
which will probably be incurred in disposing of certain litigation instigated by a single individual, but these exjiinses cannot be very large, as this litigation, being without foundation
or merit, will probably be of short duration. As the interest
charge on the bonds already issued (and there is at present no
intention of issuing any more) for the year ending September
1, 1890, is only $85,560", there would remain a net surplus from
the anticipated income up to said date of about $96,440. Adding to this the present surplus cash would make a total on the
first day of September, 1890, of about $210,440 cash, one-half
of which tmder thetorms of the mortgasje will be available
for the redemption of bonds, the other half for paying dividends or making improvements or extensions in the property."
Denver Tfxas & Fort Worth.— The holders of the Denver
& Fort Worth trust certificates issued by the Mercantile
Texas
Trust Co. of N. Y. are notified in regard to the proposed consolidation bv the Mercantile Trust Company, trustee, that the
trustee is that it is advantageous to the
Called Bonds.— The following bonds have been caJled for judgment of the
shares lield by it that such consolidation should be effected,
payment:
but as it is the holder of the legal title of the said shares in
City of Boston Five per cent consolidated street improve- trust for hdlders of the certificates which it has issued against
ment loan of 1870. The numbers of 130 bonds of £100 each said shares, in order that it may be advised of the views of
and of 16 bonds of £500 each called for payment January 1, said certificate holders, notice is given that a meeting of the
1890, have been advertised in London.
holders of the certificates issued as aforesaid will be held at
City of St. Louis.— Five per cent 10-20s of 1880, due June the office of the Mercantile Trust Company, in the city of New
inclusive,
will
be
8967
to
9514,
from
numbered
Bonds
1, 1900.
York, on the 4th day of February, 1890, for the pvu-pose of
redeemed June 1, 1890, when interest ceases.
expressine; and recording their views on the subject of such
City op Terre Haute, Ind. City funding bonds of 1885, consolidation.
"sinking fund" dated January 1, 1885, payable after five
Philadelphia & Reading.- The London Rallicay Newt says
years. Nos. 1 to 27 inclusive of this issue will be paid at the of the late Franklin B. Gowen " His well-known hostility to
office of the Central Trust Co., New York, upon demand, corrupt combinations, instanced by his prosecutions of the
interest having ceased on January 1, 1890.
Standard Oil monopoly, seciu:ed him the attention of the
Northern Pacific— Pend d'Oreille Division firet mortgage courts, but was not necessarily an aid to a lucrative practice.
68 of 1879, due 1919. The numbers of 227 of these bonds called His interest in the Reading property continued unabated, and
for payment on presentation at the Farmers' Loan & Trust one of the latest letters written by him to a friend in London
Company, interest ceasing March 1, 1890, will be foimd in our is worth the attention of holders of that company's securities:—
"Philadelphia. Novpnil'er2.', 18»9.
advertising columns.
'I have you s of the 16th irst I think thHt R.-addur matters look a
Canadian Paclflc— At Montreal, Que., Dec. 30, at a meet- little littter, although the iiuailon is very niu -li oIiscmi- il. a-lt were, by
ing of the directors of the Canadian Pacific Railway Company, thf rcfuanl (iriieBlecf of the nianaeemeu' to >riv.. i.ulh"rit»iive Informaof ilrc lo.il tnule, are
statements of the results of working for the year were sub- tion about the actual earuings. Tu;s,aiidth.to I i-s ored
t of the managethe
twu luain evils. Ou the other side, aud
mitted, which, estimating for the month of December, showed the
ment, can srtfelvbe placed the following :—l8t. 3,000 new coal can
expenses,
of
working
§6,029,above
uprlug, so that
year
for
the
next
net earnings
and 60 engines have been ordi-ro.1 f. r d. iiver.v by
coal they
000, affording a surplus above fixed charges for the year of the iompauy next year should be able Ht least to move a'l the four
new
2iid.
which thev were not able to do this y.-nr.
$3,250,000, whicli, added to the surplus from last year, would can mine,
colliei ic8 ail- being opened, aud somi- luteUigei.t a tion ha'* been taken to
of
the
present
the
close
at
$2,570,000
of
in
surplus
equipment
the
total
make a
improve the capacity of existing ollb rlis 3d. New
year. It was decided to declare a supplementary dividend of way Of barges, etc.. Iibs bee oideied lor Poit Richmouii. s that more
next
Now
Yprk
froai i'hil idi-lpliia and liss imm
one per cent, payable February 17, with the regular 1>^ per ooalcau bo shipped
>ear, a savuig iuproBt of ah ut 35 cents i>er on on the am mot diverted
cent half-yearly dividend from the annuity fund in the liands from Nsw York lo I'hilartelphl i."
of the Dominion Government, making a total for the haltRiclnnond & Allegheny.— The interest due January 1 on
year of 2% per cent.
the first and second mortgage certificates was paid by Drexel,
earnings,
The
Cleveland Cincinnati Chicago & St, Louis.—
Morgan & Co. They state that the reason for the delay in R, &
expenses and charges for the month of November and the four A. matters has been needed legislation. This was obtained
previous
year,
months ending November 30, compared with the
recently, and the securiti s will now be issued as soon as they
were as follows:
can be engraved— probably in February.
.— J«?v 1 (o iVor>. 30. Koeemhtr-
—
—
:
i
•
i
:
.
.
188-.
1889.
$9i2,9:9 $1,092,420
706,.':i90
608,019
18S-S.
1889.
$5,474,013
3,527,043
—
Sealed proposals will be received until June 6 by Mr. J.
Rogers Maxwell, President of the Central R. R. Co. of New Jer$304,960
$383,830 $1,7-2.792 $1,940,970 sey, for the purchase of the whole or any part of $4,500,000
Neteaminss
1,211,532 general mortgage 100-year 5 per cent gold bonds, to provide
247,Vi71
249,509
1,198.789
Int.,taxee,reiital8,&o
for payment of $5,000,000 first mortgage 7 per cent bonds due
$732,458 Feb. 1, 1890. FuU details concerning this issue are given in
$136,261
$584,003
$57,689
Net income
Colnnibus & Hocking Coal & Iron Company.— Stockhold- our advertising columns. The net surplus revenues of the
ers of this company are invited to subscribe to preferred stock. company over all charges during the past three years have
A circular has been issued stating that the company should amounted to more than 28 per cent upon the capital stock of
have an increased capital of $400,000, and about $50,000 for $18,563,000, of which revenue over 10 per cent upon the stock
betterments
therefore it is proposed that $1,000,000 six per accrued during the year 1889. No offers for the above bonds
cent cumulative prefen-ed stock be issued and $564,000 of it will be entertained at less than 110 and accrued interest.
offered to present stockholders at 80. This would give each
—Messrs. Vermilye <S Co, and August Belmont & Co. offer hj
stockholder a right to subscribe to 12 per cent of his present subscription at
and accrued interest, and recommend
Gross ea'nnt!'
Opf rating expenses..
$5,051,688
3 268,896
;
98J^
stock,
Comstock Tunnel.- Under date of Dec. 1, 1889, the President, Mr. Theo, Sutro, has issued an approximate statement,
which contains the following: Capital stock Two million
shares, par value $2, $4,000,000. Indebtedness— Thirty-year
first mortgage 4 i^er cent non-accumulative income bonds, dated
Sept. 1, 1889, authorized issue, §3,000,000, of which there have
been issued $2,139,000. The balance of bonds, $861,000, constitutes a reserve fund to be deposited with the Union Trust
Company, the trustee of the mortgage, and issued only upon
a unanimous vote of the Board of Trustees of the Comstock
Tunnel Company. The company has no other debts whatsoever. It has surplus cash amounting to the sum of about
$115,000, and uncollected balance of royalties for the months
of October and November, 1889, about $34,000.
Gross receipts from the property (including money received
from the mining companies for making certain new connec-
—
Ma
investment for trust funds, $1,500,000
Michigan Central RR. first mortgage 4 per cent bonds, due
1940, being a portion of $2,600,000 secured by a first mortgage
on the old Michigan Air Line, now part of the main line of
the Michigan Central RR. $1,900,000 of these bonds will be used
to retire a like amount of 8 per cent first mortgage bonds maturing Jan. 1 next. The subscription books will be ojiened on
Jan. 6th next, and will be closed on Jan. 7th, or earUer,
-City of Denver, Col,, also City of CouncU Bluffs, Io\^,
safe
and desirable
bonds are offered by Messrs. Gris\.-old & Gillett, under the
heading of " Banking & Financial." Both of these cities show
city
great growth with only a small indebtedness, and as good
this
bonds Hre getting scarce investors will no doubt appreciate
seasonable offer,
—Mr. Simon Borg, the banker, has been elected to the presidency of the New York Susquehanna & Western R. K.
THE CHEOMCLE.
38
C
(^ommtvcml Jimes.
COMMERCIAL EPITOME.
*gfxt
Friday Night, January
fVou
I,
OTT O N.
Feeday, p. M., January 3, 1890.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 218,640 bales,
The Movement of the Crop,
3, 1890,
The new year opens with conditions generally favorable to
the satisfactory progress of mercantile afiFairs, and affording
against 248,408 bales last week and 252,256 bales the previous
week, making the total receipts since the 1st of Sept., 1889,
4,886,719 bales, against 3,832,895 bales for the same period of
1888-9, showing an increase since Sept. 1, 1889, of 503,824 bales
good prospects to the agriculturalist and manufacturer. The
Total.
Frl.
Wed. nurt.
Tuet.
Uon.
Sat.
SeeHpttalr—
Buurkets for money and exchange are disturbed, but it is
wants
21,063
Th
3,086
e
condition.
2,732
2,524
normal
2,266 7,033 3,422
hoped will soon resume their
Oalveston
1,035
437
698
There are no serious
El Paso, &c.
of the home markets clearly are large.
687 16,882 88,594
Sew
Orleans... 22,446 10,757 33,488 4,334
Conseapprehended.
are
none
and
anywhere
labor troubles
.
quently
it
be expected that 1890 will prove a prosperous
may
year.
The following is a statement of stocks of leading
merchandise at the dates given:
1889.
1890.
Jan. 1.
bbU.
Pork
lard
to*.
hhd«.
Tobacco, domestio
Tobacco, foreign
Coffee, Kio
Coffee, other
Coffee, Java, <ico
Sugar
Bogar
Bogar
bales.
bags.
^*??-
mata.
hhda,
boxes.
bags, Ac.
bhds.
hhds.
.-
Hdado
Holaaaes, foreign
Molrmeii, domestio
bbls.
No.
Hides
bales.
ftotton
Bosln
Mrttstorpentliie
"
Rice,' £.' iV.'.V.".
libls.
bbls.
'.
'.
'.
'.
.'.'.'.'.'.'bags.
pkgs.
bags.
bags.
Bice, domestic
Linseed
Baltpetre
bales.
Jute butts
Kanlla hemp.... .........bales.
nsal hemp
Flour
bales.
bbls.
and sacks
Ute. 1.
articles of
1889.
Jan.
10,867
21,176
48,245
45,071
196.617
19,435
26,400
258
None.
708,850
None.
68
2,000
484,100
174,184
23,406
3,003
1,072
8,700
2,970
None.
7.750
77,700
500
4,796
344,475
6,608
20,361
35,105
48,610
216,452
66,039
73.800
1,864
None.
220,913
13,606
33,624
34,327
47,520
228,56*
57,769
68,400
688
None.
230,445
418
1,940
4,000
486,700
113,169
16,380
1,652
418
2,186
5.200
512,500
118,583
14,434
3,417
1,117
702
no report.
no report.
26,290
5,800
None.
6,000
86,000
None.
8,403
167,770
None.
5,500
65,000
3,450
10,594
236,065
1.
Lard on the spot, though only moderately active, has made
some recovery from the extreme low prices made early in the
week and the market to-day was firm at 5-70c. for prime city
and 6"15c. for prime Western, with refined for the Continent
quoted at 610(a6-50c. Tlie speculation in lard for future dehvery has been at hardening values and to-day a demand to
cover "shorts" further strengthened values.
DATLT OLOSINO FBICB8 OF LARD FUTURES.
January delivery
February deltverv
March
o.
c.
c.
delivery
Salur,
Mon.
Tuet.
Wed.
Thur,
Fri.
6 00
6'14
6-22
6'3l
612
617
626
6-15
6-25
6-34
8-44
>,
611
2
o
B
6-23
6-32
6-40
e-16
6-25
6-32
6-42
6-37
Maydellvery
c.
Pork declined to $10@810 50 for mess, but the market closes
firm and more active. Cut meats were dull until to-day when
there was some revival of demand, the sales including 35,000
Tallow
lbs. pickled bellies, 14 to 10 lbs. average, at 5%(a5}4c.
active at 4 15-32c. Butter and cheese dull.
Coffee on the spot has been dull and weak, but closes nominally tmchanged at 17c. for No. 7 Rio, the sales including No. 9
to arrive at 15i^(315j^c. The speculation in Rio options has
been at declinmg prices under a variety of influences, the
most important of wliich was there seemed to be more coffse
than the bulls had coimted upon. To-day an early decline
was followed by a partial recovery on a demand to cover,
closing, however, barely steady, with sellers as follows
January
l\-55c. April
15-65o. July
l5-65o.
ISiiOc. May
February
15-<i5c.
l5-70o. August
March
15'65c. June
15'65o. September
15"65c.
a decline of 20@50 points for the week.
Raw sugars have b^n quiet, but to-day were in demand and
firmer with fair refining Cuba quoted at 5c. and centrifugal,
96 deg. test, at 5?^c., the sales including 409 hhds. Porto Rico,
86 deg. test, at 5c. Refined sugars are in good demand at full
prices. Molasses nominal for foreign, but New Orleans in full
supply at 32 a 45c. for common to choice, but holders are firm,
as it is said the yield is comparatively small this season.
Kentucky tobacco has sold to the extent of 400 hhds., half
for export, at steady prices. Seed leaf has been rather quiet
and the business or the week amounts to only 680 cases, as
follows 200 cases State Havana, 1888 crop 12® 14c., 135 cases
New England Havana at 14i^@40c., 25 cases New England
seed leaf 14c., 120 cases Pennsylvania seed leaf 8@10c., 100
cases Wisconsin Havana at 10 all 2c., and 100 cases sundries at
SJ^* 85c; also 450 bales Havana 70c.@$l 15 and 800 bales Sumatra $1 10a$2 20.
On the Metal Exchange Straits tin shows some improvement,
closing at 21 -200. on the spot, with sales for March at 21-25®
21 -800. Ingot copper is also firmer at 14-40c. for Lake and
ll'SOc. for G. M. B.
Domestic lead has advanced, and has
been under speculative influences in anticipation of a large
demand. It closes at S-QSl^c. Pig iron warrants are dearer,
with sales to-day at $19 tor Jan., Feb. and March. The interior iron markets are strong at hardening values.
Spirits turpentine is firm but quet at 45(<i45i^c.
Rosins are
dull and easier at |1 20(gf 1 22>| for strained! Petroleum is
:
l
i
|
I
—
i
unchanged.
421
730
32,642
4,304
4,763
Savannah
7,618
9,390
3,627
2,825
Bmns^r'k, &c.
Charleston
PortRoyal,i&c
5,119
1,087
4,063
3,217
1,955
808
546
7
155
124
%,020
602
415
153
300
437
209
219
79
1,634
980
—
423
West Point...
2,578
2,408
6,336
2,179
1,050
1,105
673
700
Wilmington
Wash'gton,&c
Norfolk
.
827
N"wp'tN'8,&o.
New York
161
78
Baltimore
303
Phlladelpli'a,&c
576
714
723
1,500
216
1,777
203
15,645
13,724
3,237
6,357
4,665
9,362
1,621
2,097
1,642
1,368
1,007
3,248
4,247
1,869
1,896
8,703
1,759
309
917
9,284
64
144
1,110
45,434 40,703 57,300 15,305 12,710 47,188 218.640
Totjfls this week
For comparison we give the following table showing th6
week's total receipts, the total since September 1, 1889, and
the stock to-night, compared with last year.
StMk.
1888-89.
1889-90.
Receipts to
Jan,
3.
TMi
Since Sep.
Week.
1,1889.
TliU
Week.
Since Sep.
1, 1888.
21,063 691,104 22,113 508,773
463
4,346
6,672
1,035
New Orleans. 88,594 1,428,462 88,511 1,173,254
8,468 155,515
8,702 191,965
Mobile
4,299
19,097
689
730
Florida
Savannah. .. 32,642 763,081 24,740 650,360
1,981
67,714
4,304 114,021
Brnns., &c.
9,137 297,753
4,763 278,906
Charleston
10,440
1,607
216
676
P. Royal,&c
1,777 114,588
4,338 131,777
Wilmington
324
2,938
203
2,800
Wa8h'tn,&o
8,465 365,683
Norfolk
15,645 306,283
West Point. 13,724 241,544 15,173 278,264
34,524
53,475
4,115
NwptN.,&o
3,237
41,846
51,571
5,263
New York. .. 6,357
32,189
36,632
5,160
Boston
4,665
30,837
1,836
Baltimore. ..
35,522
9,362
23,432
18,340
1,472
Phil'del'a, Ac
1,621
.
.
.
72,245
71,182
365,779
23,140
365,866
39,109
92,214
3,218
35,743
101,270
10,290
7,624
39,623
38,744
2,321
129,674
10,500
12,782
8,503
3,700
189,432
13,000
22,400
9,417
805,932
907,033
44,344
976
218,640 4,336,719 202,924 3,832,895
Totals
1889.
1890.
Qalveston
ElPaso.&o.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Beceiplsat—
Wllm'gt'n,&c
Norfolk
W't Point, <fcc
All others
22,576
88,511
8,468
24,740
9,813
4,662
8,465
19,288
16,401
lot.thisweek
218,640
202,924
Savannah.
..
Charl'Bt'n,&o
1887.
1888.
1889.
1890.
22,098
88,694
8,702
32,642
4,979
1,980
15,645
16,961
27,039
Galv'8ton,&o
New Orleans
Mobile
18,538
56,361
9,459
19,707
7,016
1,924
14,673
16,213
15,417
159,308J
1886.
we
1885.
18,108
74,054
7,428
10,588
6,578
1,807
13,200
14,202
13,079
12,729
56,071
9,431
12,508
4,843
1,524
11,759
7,915
24,049
11,963
50,418
9,214
15,770
5,515
2,588
13,982
6,239
18,308
159,044
140,829
133,994
Since Sept. 1. 14336,719 3832,895 4144,85813914,842 3759,64413825,510
The exports for the week ending this evening reach a total
of 140,384 bales, of which 86,040 were to Great Britain, 13,714
Below are
to France and 40,630 to the rest of the Continent.
the exports for the week, and since September 1, 1889.
Wuk
Endino Jan.
Exportidto—
.Prom Sept.
3.
1.
18S9, to Jan. 3, 1890
Exported to—
Exportt
Great
Great
Conti- Total
BriVn. Frantt nent. Wtelc. BrUain. Fratice
from—
:
,
297
1,064
1,565
4,017
Mobile
Galveston
10,925
New
S1,9S7
7,900
7,073
2
B.eSS
Orleans..
Mobile
Savannah
Brunswick
6,710
100
N'portNwB. Ac
New York
16.883
8.016
17,38?
865.204
24,297
74.185
3.038
2.807
817
E9,555
2f.415
1,S00
24,076
1,806
304
1,102
1.705
8,200
24.248
126,172
24.47S
25,813
20,809
32,199
404.579
81,693
194,430
96,401
177,973
1=3,229
16.883
1,401
15,103
393,666
60.986
53,791
16,709
U
40.630140.384 1,729,813 870,159
951. 2S1 3.051.228
113.343' 15.739
88,B30'ia7.C12 1,541.265 249 228
738.S45 2,529,338
86.040
..
247,491
719
2.734
Total. 1S88.
80,326
7,161
1,800
B.»ltlmore
PhlIadelp'a,*o
617
iSS.-J.ll
33.199
120,762
71,928
158,180
112,820
Boston
Total
477.479
Total.
95,910 381,365
301,333 1,034,143
9,200
1,900
4,320
4.320
768
34.65fi
6,100
7 9
13,618
25ii,796
6,100
9,200
Point....
15 373
51.207
7,900
12,625
76,893
44,018
7.191
Charleston ....
Wilmington...
Norfolk
West
4,418
12.197
Continent.
13.7
Jamvaby
THE CHRONICLE
4, 1890.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert. 34 Beaver Street.
Carey, Yale
i3|i ?li|
o —
A
We
&
On
Oreat
I
Iritain.
New Orleang...
27,548
3,500
None.
7,000
10,716
12,600
3,800
10,000
Mobl.c
Cliarleeton
. .
.
Bftvannah
Galveston
Norfolk
New York
Otlier ports
Oo<uU
viite.
10,098
26,023
1,253
None.
None.
None.
None.
None.
None.
None.
7,800
11,000
6,866
8,000
8,600
4,000
800
None.
300
5,500
18,930
1,500
None.
None.
mil
%'S!ir
» O <?
» ^
»5* »
K* * * S
ET ^
""so
Shipboard, not eUartd—for
Other
n.„«,.
"-anee
foreign
CD
O
^1
1
Leaning
fan. 3, at—
—
(A
at
„„„
^<'"*'
Stuck.
73,924
3,500
8,100
25,000
36,512
22,100
13,200
14,000
291,855
I
3S
I
3;
:
I
^2
li),(i40
27,043
07,214
35,733
17,423
110,474
33,614
n
'
Total 1880...
76,064
19,898
72,891
27,483
196,336
609,506
«:
I
Total 1888...
Total 1887...
57,081
119,704
!
13,697 75,379
31,844 4.V221
19,890
18,462
166,047
215,231
740,986
828,545
MM ^
»
Btrict
lib.
8"i,
Good Ordinary.
Low Middlini?
Btrict Low IVIiddllne..,
Middlinj;
Good Middlini?
Btrict
71a
7H
7I6,f
8i3,e
OI4
9»4
9%
9%
712
713
V>
8 3„
71"],
SiSre
lOin lOijg 10l,«
1014
,
lOifl
10U„
Good Middling.
im
Middling Fair
Fair
11»9
GULF.
Sat.
1014
lOJa
10lli6
llJs
llOs
10>4
lOiu
I
n
1011,6
Ills
©o<
M-IM
M*tO
O
00
99
coco
<
~
00
00 ^ ©© 5 ©© 5
»9tS
toto
2 to to
2
MO
rco "
fM
SO-;
»«:
SI,":
MM<,M
«o©o ®2® COO©
toOtj tStsON
rf^*-^
1;
2
"»
cots
occ
ei.®:
MMOM
o©5o
ccci°ti
M© <l
00 5
"^
1
2
coco
<1M
ep;
I
S)o:
9S9 ©coo
ccco^co
QOOD
O,
MM
©o 5 ©o ^
!J
I
t«ti®ts
wts
IS
o
M
o
2
i^ci
2
COlf..
MM
O©
0000
<
2
^
»,'^:
MMOM
0000
o
CnCJi
9
lb.
»
W*
rco
.•
®
MtCM
I
I
CP
O
oc©
^OA
CD
MM ^
99 o-7 O©
fSiv
VICJl
COM
lOij
lOifi
1011,, lOiijg
Ills
1158
11 »8
"
*."•
I
ciienOci
2
°l
c«cj<*ci»
to
^
a
Fair
STAINED.
7%
7%
7%
7%
83,6
91,6
Ola
8s,e
83,8
2,''«
S'le
9116
Ola
91,6
912
10
10
S '«
91a
10
105,8
101a
lOia
105,6
IOI3
10%
10%
10%
1016,,
lO",, 1016,,
1138
ll's
ll-ig
1139
ll'g
ll'^e
Sat.
Ola
10
o
n
y
lb.
738
8
Low Middling
"„
Middling
816,„
73e
8
9%
9%
9%
MARKET AND SALES.
1138
11^8
day.
I
Quiet.
Mon. Quiet.
Tues. Quiet.
Bat.
.
Wed.
port.
316
311
Thnr. Quiet.
Con-
71
53-2
following comprehensive table:
01
CO 00*50
QCOO
^
2
"^
^
00 5 h'l-'
<
99
^lU
s
M ©M
9 29
»
0000 MM^M
©000
00
i^ifc
toto
IJ
:
I
coco
1
@
:
MMC;tM
2
"^
:
I
I
to
I&.I&.
MM ^ MM ^
IJ
99 ^ ©©
91
2 ii-i^ 2 *
I
e.>»:
CO
5
2
er:
MMMM
9929 ©©©©
*i»l*l^
<1»4
0>
MM ^ M ^
90 IJ ©I 5
MMCOM
I
I
©
'
MMCnM MMtOM
I
o©©o 000©
«:
.•
I
I
<D<OC<D
8
816„
I
^
I
I
I
I
738
8
9%
to
'
S
I
I
I
I
I
s
I
I
Includes Bales In September, 1889, for September, 147,600; BeptemberK)ctober, for October, 640,600; September-November, for Ko vemtrar,
636,200.
Trausferable Orders— Saturday, 10-lOc.: Monday, lO-Ooc; Tuesday,
10-05e.: \Vc<lnesday,
c.: Thursday, 10- lOc: Friday, 10'05c.
Sale*
580 17,800
60 41,100
178 67,100
71
74.300
62,900
eriet.
The following exchanges have been made during the week.
14 pd. to exch. 100 Feb. for AprU.
pd. to exch. 600 Dec. for Ajirll.
47 pd. to exch. 500 Jan. for Aug.
pd. to exch. 500 Jan. for Mch.
36 pd. to exch. 600 Jan. for Jane.
pd. to excli. 400 Jan. for May.
•10
•11
•24
•18
•23
•25
•26
•20
•07
06
•12
07
.13
3471
act
•I
14
07
The Sales and Prices of Futures are shown by tbs 08
Total
:
'
Spec- Tran-\ _ , ,
I»«o'.
tU.
HoU day.
Frt... rhill ..
2
»«i
00
I
Th. Fri.
9%
rump, ufl'n
264
50
147
coeo®co
1138
BALES OF SrOT AND TRANSIT.
Ex-
coco
illTe
The total sales and future deliveries each day during the
week are indicated in the following statement. For the
convenience of the reader we also add a column which sliows
at a glance how the market closed on same days.
BFOr MAKKET
CL08SD.
9.^:
MM
00 ^
!J
to
10%
738
HoU-
5
2
1^
10
10%
2
Te.":
MMOJM
o©oo
©CO©
10i6,e 1016,8
Mod Tnen Wad
738
8
816
to
QO
105,« 10''i«
10>a
101a
I
Good Ordinary
Strict Good Ordinary
ccoo
Sen
IS: MIS
So MMCOM
0©00
o mmO,^ O
mI
CtftO
eito
ifi.!^
9i=:
c;»cn
Vr\
00
1
CO
5
MMMM oo©o
MMif^M
©06©
I
7%
•?
M
to
Ordinary
Btrict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Btrict Low Middling
".
Middling
Good Middling
Btrict Good Middling
Middling Fair
tocp
99
I
to
b>
2
s«:
9929 oco©
cociO(rt
?'«':
«v:
M
JJ
MMttM MMOiM
I
MMWM
99o9 000©
I
CO
to
Cfl
tOM_'<
I
1
MM V
99 •? o©
tc(o
I
81:ii«
mou Taes Wed Tb.
5
2
tits
».i^
"l
9»;
1
lt>
00
I
»109
op© MMWM
O©©©
mOm A,^^y^
«j
0»
OO'I
u
1
">
e*;
MIOM
Is."
to°ta
im
llOs
•
CO
» 10;
>-'^ SiM
000 ©o
914
93l
101,
IOI4
101,6
10>4
2
to
fO'<
71a
7i»i,
9%
to
<t
I
I—.-,-.
Fri.
9>4
9%
2
tSM
I
Ordinary
Strict Ordinary
Good Ordinary
17
o©<8© ©©o© ©©©o
6©« 6 ©6*6 h't^^t^
PC 10
M ^ MM ^
t^,.*
2 M M 2 t^t^ 2
MM
00 5^ 00 >
i^-ji
Th,
MMCOM
o©oo
cooc
= M MM*M
MM
»0D » »«> *
•
®i
I
-COM
Soooo
—
mon Taeafnred
00
?s
—
Sat.
1
2
^
".«":
1
A
UPLANDS.
"-i^
COCO
:
2
"
Te,®:
^^^t^t
I
?S
0(6
000
0*0
00^0
K-O)
ts
the leading party in interest accepted
March options instead of the regular dehvery for December,
and that month went out at 10'14c, after selling at lO'lSc.
On Tuesday there was heavy liquidation of January contracts,
which carried this month down to 9'99c., while March and the
later months were slightly dearer.
The exchanging of January for the more distant months,and the widening of the differences between them, gave values a more natural relation to
each other than has been seen in many months, and apparently
restored legitimate influences to their proper effect. On Thursday there was a buoyant opening and the market had an
advancing tendency to the close. The improvement was due
to a better market at Liverpool and the smaller receipts at the
ports, which caused a brisk demand to cover contracts, and
some revival of confidence among the bull party. To-day
Liverpool was again dearer, but in this market there was free
selling to realize, which not only prevented a further advance,
but resulted in a decline.
partial recovery took place when
the small receipts at many interior towns were reported, but
the close was barely steady. Cotton on the spot has been dull
and it was said on Tuesday that all except low grades could
be bought vmder nominal quotations. Yesterday, however,
the close was firm, but to-day the market was practically J^c.
lower, but in the absence of business quotations were continued nominally unchanged at lOJ^o. for middling uplands.
The total sales for forward delivery for the week are 263,200
bales.
For immediate delivery the total sales foot up this week
879 bales, including 347 for export, 532 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week December 28 to January 3.
—
MM ^
»-"CCH*
!7
«? •!? 99
J J
^
©O
*.":
T«,®:
i^Hh*^ ^^a^ ....
oo©o ©ogo oo©o
M§ © mP § g$ S
«M ^ ^^ ^
00
JO !j 00 5
,iM g
66
53 2
&
6i
On Monday
—
MM^
:
I
I
The speculation in cotton for future delivery at this market
was fairly active for the first half of the week under review,
but the leading influence was the manipulation of the closing
dealings in December options, on which there was some pressure.
>.
8
^
!r
879 263,200
09
18
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
to
to
to
to
excli.
exch.
exch.
exch.
exch.
exch.
exch.
exch.
exch.
to exch.
to exch.
to exch.
to exch.
to exch.
to excb.
200 Jan. for April.
700 Dec. for June.
100 Jan. for May.
1,000 Jan. for May.
200 Feb. for May.
500 April for Mf.y.
100 Jan. for Feb.
'200 Jan. for Mch.
200 Feb. for Mch.
100 Jan. for Mch.
2,000 Jan. for Mch.
100 Jan.
100 Jan.
100 Jan.
400 Jan.
for Feb.
for Feb.
for Feb.
for Mch.
15 pd. to exch. 1,000 Jan. for Mob.
08
to exch. 500 Jan. for Feb.
to exch. 000 Mch. for Apr.
to oxch. 2,8(0 Jan. forJIoh.
40
to exch. 300 Feb. for Aug.
•14 pd to exch. 500 AprU for Jane.
41 pd. to exch. 500 Feb. for Aug.
•1 7 pd. to exch. 2.400 Jan. for Mch.
•32 pd. to exch. 200 Jan. for May.
•18 pd. to exch. 5.100 Jan. for Mob.
•12 pd. to exch. 400 Jan.9.n.for Feb.
•39 pd. to exch. 600 Jan. for June.
•10 pd. to exch. 400 Jan. for Feb.
•11 pd. to exch. 500 Jan.g.n.for Feb.
07
•l(i
pd.
pd.
pd.
pd.
THE CHRONICLE.
40
The Visible Su pply of Cotton to-night, as made up by cable
as follows. The Continental stocks, as well as
those for (treat Britain and the afloat are this week's returns,
and coii8c<|uentlv all the European figures are brought down
to Thiirwlav evening. But to make the totals the complete
figureti for to-night (Jan. 8), we add the item of exports from
the United States, including in it the exports of Friday only.
and
tt'legraplj, is
1889.
1888.
1887.
16,000
OBO.OOO
6,000
633,000
36,000
728,000
12,000
951,000
2,100
114,000
4,000
660,000
2,200
12,200
20,000
660,000
5,000
30,100
24,000
740.000
300
400
400
300
900
1,200
120.000
2,000
28,000
3,000
4,000
183.000
2,000
48,000
2,000
5,000
178,000
2,000
42,000
5,000
9,000
1800.
b»le« 'aSS.OOO
Block at LlvenMH)!
Block at London
Total Ur«st Britain (took.
Btook
Btook
Btook
Block
Stock
ai
at
Bremen
at .Amsterdam
»t Kiittcrdam
ul Antwerp
BlMkal
Stock
Stock
Btook
Stock
Uamburg
5,000
145,000
3,000
82,000
8.000
10,000
lluvro
at .Marxelllea
at Barcelona
at Ueuoa
at Trie»t«
.
515,000
50.000
803,932
380,874
27,975
cotrniilloat forKiiroi>o.
E(fjri>t,Bra7,il.Ai'..nlltforK'r'i>e
BtooK in United states |>ort8
Stock In L". S. interior towns..
.
United states cxvorts to-day.
Total risible supply
276,800
3,233,181 2,917,903 3,081,686 3,237.506
Of tbe slmre, tuetotalsof American and otlier descriptions are as foUow«:
American —
Liverpool stock
bales *730,000
ConttnentaUtooks
American afloat for Europe...
United States stock
United States interiorstocks..
United States exports to-day.
Total American
Kati Indian, BrasU, *e.—
531,000 441,000 534,000
124,000 162,000 171,000
650,000 519,000 619,000
907.033 1,013,776 1,058,027
415,264 420,192 371,900
20,406
28,418
24.839
300,000
545.000
805,932
380.874
27,975
2,789,781 2,667,703 2,617,386 2,811,766
Llveriiool stock
*208,0O0
10,000
103.400
66,000
50,000
London stock
Continental stocks
India alloat for Europe
Egypt, Brazil, ic, afloat
Quotations for Middling Cotton at Other Markets.
109,000
6,000
68,200
49,000
18,000
179,000
36,000
138,300
39,000
42,000
CLOSmO QUOTATIONS FOR MIDDLDfO COTTON ON-
Week endino
Jan.
3.
Satur.
Mon.
Tues.
958
98e
0=8
958
9»l«
99,6
058
958
958
9=8
9^,s
9»ie
968
958
911,6
filalveston...
Sew
Orleans
MobUe
Savannah...
Charleston.
Wilmington
194,000
12,000
102,800
61,000
53,000
10%® I3
Boston
10%
Baltimore...
Philadelphia
Augusta
....
Memphis
10^3
Wednes.
ThuTS.
JW.
959
9^
oi
O'le
9=8
9=8
9ii,s
443.100 280,200 431.300 425,800
2,789,781 2,667,703 2,647,386 2,811,766
3,233.181 2,917,903 3,081,686 3,237,566
«^ Total visible supply
Price Mid. Upl., Liverpool....
b^O.
538d.
Sn.ed.
5>i.d.
Price Mid. Upl., New York. . .
IOI40.
gi^uo.
10>Sc.
9»i;c.
• Not received to-day; stocks estimated
by us.
1^" The imports into Continental ports this week have been
141,000 bales.
9»«
^
10%
10%
•
9%a»9,e
9»8
0»8
968
9Hl6
10
9"i6
10
9St
9%
Louis....
Cincinnati .
9"l6
10
..
9%
95J
958
91 1,
0%
9^
9»ie
958
058
91 lid
1038®% I038a%
10%
lO'ie
10%
10%
K
9ia*»ie
St.
5
10%»J9
10%
O'la
"•^«
958
9»i«
9U,«
103a»»s
1012
9^
9iaa»i«
...
LoulsvilleL
Oh»
9
10
'is
!««""
9%
9%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
9% Little Eook ...
9% Rome
95g
Columbus, Ga.
Columbus, lUlas
Eufaola
9%
9%
Na.shvllle
914
Raleigh
Montgomery
.
.
9%
Selma
969
959
914
Shreveport
97] e
Receipts From THE Plantations. •The following table
indicates the actual movement each week from the plantations.
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.
The
Wttk
RectivU at Che Porta.
H87-8S 1885 89 1SS9-90
Total East India, Ac
Total American
—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
300
858,200 959,300 1,016.800
19,000
39.000
61,000
650,000 549,000 619,000
18.000
42.000
53.000
007,033 1,013,776 1,058.027
415.261 420,192 371.900
20,406
28,418
21.839
Total EiirOMcaii stocks.. .. l.:ir>7A00
66,<M)0
India cot ton alfoat for Kiirope
Amcr.
300,300
Vol. L.
The above totals show that the old interior stocks have
increased during the week 14,47.5 bales, and are to-night 34.390
bales less than at the same period last year. The receipts at
the same towns have been 32,766 bales more than the same
week last year, and since Sept. 1 the receipts at all the towns
are 135,933 bales more than for the same time in 1888-89.
Norfolk
192,200
103.100
Total Continental stocks
l.HOO
16,100
21.000
I
Nov. 99
Dee. 6.
"
13
"
20.
*
27.
.
Jan.
3.
....
.
...
..
St'lt
at Interior Towns RK'pts from Plant >n».
l-sJJ-SS 1486 -89 1 «-9-F0
H87-83
IS8«-(I8
l-W-SO
252.406 238,09; 28S,51S 449.202 308,102 217,('59 81>2,I80;215,750
219.019 243,n«) 265,488 4H3,323 343,011 270.808 263,140!a77.989
21S,902 267,810 252.812 497,3H9 383,817 320,809 247,94sis08,646
2(i2.8i9 251,9 l.t 25?,25« .jOS.eTS 427,347 365,092 209,l<lB 29^443
l8S'-2i 210,048 218.108 493.8S3 4B0.021 405,3ai! 179,02 a73.71i<
159.808 20i.924':ilS,61'i W1.801 4(8,660 417,680 127.229 191,56'J
SOlJiSB
288,337
302,613
296,539
288.618
230,868
—
The above statement shows: 1. That the total receipts from
The above figures indicate an increase in the cotton in sight the plantations since September 1, 1889, are 4,741,835 bales; in
to-night of 38.5,2(8 bales as compared with the same date 1888-89 were 4,266,180 bales; in 1887.«8 were 4,583,833 bales.
2.
That, although the receipts at the outports the past week
of 18S8, an increase of 1,51,495 bales as compared with the
corresponding date of 1887 and a decrease of 4,385 tales were 318,640 bales, the actual movement from plantations was
330,868 bales, the balance going to increase the stocks at the
as compared with 18d6.
At THE INTERIOR Tow.vs the movement—that is the receipts interior towns. Last year the receipts from the plantations
tor the same week were 191,580 bales and for 1888 they were
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the 137,229 bales.
Amount of Cotton in Sight Jan. 3.—In the table below
corresponding period of 1888-89—is set out in detail in the
we give the receipts from plantations in another form, and add
following statement.
to them the net overland movement to Jan. 1, and also the
H
o
takings by Southern spinners to the same date, so as to give
s .^.
substantially the amount of cotton now in sight.
ic X s X <'^pj5 r
—
.,
a
J—
o
_?«•
B
E:
»
71
O
1889-90.
saw- HS^^^sPq'-'ae
!
1888-89.
i
1887-88.
1886-87.
Receipts at the ports to Jan. 3 1,336,719 3,832,895 1,144,858 3,914,842
Interior stocks on Jan. 3 inl
excess of September 1
405.116 433,285; 437,974 375,192
P
(
i
tjia*j|^^oo5Jt(c©<D«ocif..oi«:(f*oWh-
Tot. receipts from i)lantat'ns'4,741,835 1,266,180 4,582,832 4,290,034
555,851i 583,833 710,712
.Vet overland to January 1...;
513,742
Southern consumpt'n to Jan. II 228,000 225,000 205,000 150,000
a<5-9iw(oioM«siwiiMi(-<nooiaa
Northern spinners takings to
CM
OOOiOOWOMCC
^^ 00
rfk
00
^.,
w
UM
teat
tiWO
r^}~iaH
Ski
©w — oo«^«|^o-o^^o^QD»xOMo^
Total in sight January 3.... 5,525,686 5,075,013 5,19-,54ll4,953,776
Januarys
M^
I
I
11,056,230 1,095,108 1,249,814 1,020,107
It will be seen by the above that the Increase in amount In sight
to-night, as compared with last year, is 450.673 bales, the increase aa
3
w — >- w
J?
ii^
ta oj ri 01
m wk <c ifcTc b X '—
oo»— oj(»»Mavii(..cooo-qtoooo-j
S S SS S* T' S' i; •* K"'"^"'':
^
t* i^r'
03W — cc;»o»cn
OOM* C M a> O QO 00
^•^
tea
"-'"'*
*"*O0
ll>.
w"»-Ow M
' 8
a*
MMMW
owodmo^m
-J
w ») 5 6 M S
oOMC)»<r«o»
oi
— MtOCtCP
*fc
tf^
»-ciu*.^COQO-ifl:*:w»MS<looS£
nrC*
WCHMOOCJOiM-J^EotJoiggggSX
g M
OMCpOi COCn
CO^CDOO-JOC
a-.
CO
0!
CD
CO
tiro
t-'H'^oi
wS'S
»CJ'Ml^C;«UI0tC1©|*-KkOW0»»C0©O
I?
"oi-tbaMl
_.«.
*-;j
lo
.-
eo*.»ooiit>.o«-j;
»^
Mo5«-wvi5y
is
is
27,142 bales and the increase over 1886-87
571 .910 bales.
Weather Reports by Telegraph.- Our telegraphic advices from the South to-iiight are as a rule of a satisfactory
character. Rain has fallen in most sections, but except at a
few points the precipitation has been light. Marketing makes
good progress.
Galveston, Texas.— It has been showery on one day of the
week, the rainfall teaching nine hundredths of an inch.
Average thermometer 61, highest 75, lowest 47. Rainfall for
December twenty-three hundredths of an inch.
Palestine. Tea-as.—
have had hard rain on two days of
the week, the rainfall reaching three inches and one hundredth. The thermometer has averaged 56, the highest being
78 and the lowest 35. December rainfall three inches and
forty hundredths.
Huntsville, Texas.—
has rained on one day of the week,
the rainfall reaching seventy-nine hundredths of an inch.
We
P-"
5"
Ma
to c-r
ii M S
p M X CO X li 00 *._n -- oi w CCo 1^
CSH*,-rfk3i
compared with 1887-88
I
t-
I
§a
ccccoxo»o.
(k jOg>P<P©XOaCDCffCP. MCO^JfcOtCCPM©
»"'"'; Pole'Une. 1 1888 flifurea are for Petersburg,
llrt.«^?n
Lotusniie In boo, ygars are " net."
5 This year
estlmatod.
Vi
U
The thermometer has ranged from 36 to 78, averaging 57.
During the month of December the rainfall reached seventynine hundredths of an inch.
Dallas, 7Te.ras.— Rain has fallen on one day of the week to
the extent of sixty -five hundredths of an inch. The thermometer has averaged ,54, ranging from 30 to 78. December
rainfall one inch and ninety-nine hundredths.
San Antonio, Texas.— We have had rain on two days of the
Jandaby
weekI, the
I
4, 1860.J
HE CHRONICLE.
one inch and twenty-three liun-
rainfall reaching
Averagi,
Average tliermometer 57, highest 79, lowest 35.
dredtha.
ths.
Rainfall for the month of December two inches and seventeen
41
India Cotton Movemknt from all Ports.— The receipt*
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Jan. 2.
BOMBAY KKrKII'TS ASI> HIIIPMKNTH FOH FOnR YEAR*.
hundredths.
Luling, Texas.— Hain haa fallen on two days of the week,
Hhtpme.UM IMt week. 8Mpmen:§ tince Jan. 1.'
RtetlpU.
the precipitation reaching eighty -three hundredths of an inch.
Oreai Otrtlllr
OretU
OonliThU
Mne*
The thermometer has averaged 5a, the liighest l)eing 79 and r»ttr HrlCn. Hem. _ ,
Total.
•-eek.
/on. 1.*
J_
the lowest 86. December rainfall one inch and one hundredth.
4,000; 4,000 39»,006 1130,<l0<) l,:i-^4,0<)0 24,000 '.'.1)07 ,000
Columbia, Texas.— yVe bav.- had dry weather all tlic week. 1800
0,000 0,000 232,000 05.^.000
SS7.(K>o:i(l,(KK) 1,494.000
1889
The thermometer haa averaged 61, ranging from 48 to 79.
1888 4,000 7,000 11,000 3S4,O00 7-.!S.()0() 1,1 1.',(mmi 2!i,(m)ii I.iI34,00O
Cuero, Texas. Telegram not received.
4.0<l(i;ir).00()
lO.OIMI 3 1.').000 728.0(10 1.07:i.O(H) 41.(M>IP 1.1127.000
1887
Brenham, Texas.—The week's precipitation has been thirty•ThetotiilM bIuco January 1 arc for the ycurs eudiuK l>ciiiul)er3T,
five hundredtlis of an inch, on one day. Average thermometer 1889, 1888, 1887 and 1886.
58, highest 79, lowest 36.
Shipmentt $i>ice Janna/ry 1.
ShipmtnU for llie wetk.
Belton, Texas. Telegram not received.
Weatherford, Texas.— The weather has been dry all the
OonliQrtal
ertal
Total.
Britain.
ncnt.
BrUain. Ooii((n(n<.| TatoX,
week. The thermometer haa ranged from 38 to 78, averaging
56.
No rainfall during December.
Calcutta
New Orleans, Louisiana.—We have liad rain on two days of
36,000
49,000
1890
1,000
1,000
8.1,000
i',6b6
29,000
64,000
1889
1,000
93,000
the week, the rainfall reaching sixty-six hundredths of an
Sladras—
inch. The thermometer lias averaged 64.
16,000
1800
66,000
82,000
Shreveport, Loui.nana.— Telegram not received.
1880
ziooo
45,000
11,000
56,000
i'.ooo
Columbits, Mississip2n. Tliere has been rain on one day of All others—
1890
119,000
61,000
180,000
inch.
of
an
The
the week to the extent of eighty hundredths
i',6o6
i',oo6
1889
84,000
44,000
2,000
thermometer has averaged 54, the highest being 70 and the
lowest 38. Rain fell in December to the extent of eighty hun- total all l,0Ot)
1890
1,000
221,000
126,000, 347,000
dredths of an inch.
4,000
1,000
158,000' 119,000' 277,000
1889
5,000
Leland, Mississippi. Telegram not received.
* Totals since January 1 cover the years 1389 and 1888.
Greenville, Mississijipi. Telegram not received.
EXI'ORTS TO K;;II0E>E FBOM all INDIA.
Meridian, Mississippi. Telegram not received.
Vicksburg, Mississippi. It has rained on three days of the
1890.
1889.
1888.
week, the rainfall reacliing two inches and thirty hundredths.
8/iipmc7ift
This
Since
ThU
Since
TAU
Sine*
The thermometer has averaged 60, the highest being 79 and to all Europe
weelr.
Jan. 1.'
wfek.
from —
Jan. 1.'
week.
Jan. !.
the lowest 43.
Telegram not received.
Little Rock, Arkansas.
Bombay
4,000 1,324,000
6,000 887,000 11,000 1,112,000
l.OOOi 347,000,
277,000
5,000 455,000
Helena, Arkansas. It lias rained on three days of the week, All other porta.
on one of which heavily and accompanied by thunder. The
Total. .^^..
5,000 1,671,000
6,000 1,164,000, 16,000 1,.567,000
rainfall reached four inches and eighteen hundredths. Cotton
* For the years 18897 1868 and 1887.
The thermometer haa ranged from 29
is about all in market.
Alexandria Receipts and Shipments. Through arrangeto 77, averaging 56. December rainfall nineteen hundredths
ments we have made with Messrs. Davies, Benachi&Co., of
of an inch, on live days, and for the year the precipitation wa«
Liverpool and Alexandria, we now receive a weekly cable of
forty-one inches and forty-five hundredths.
Memphis, Tennessee. We have had heavy rain on two days the movements of cotton at Alexandria, Egypt. The following
the receipts and shipments for the past week and for the
in the latter part of the week, and rain Ls now falling. The are
precipitation reached two inches and eighty-three hundredtlis. corresponding week of the previous two years.
Marketing makes good progress. The thermometer has averAlexandria, Egypt,
1889-90.
1887-88.
1888-89.
January 1.
aged 55, the highest being 76 and the lowest 28. During- December we had rain on four days, and the rainfall reached Receipts (cantars*)
Average thermometer 60,
forty-six hundredtlis of an inch.
This week
110,000
160,000
126,000
Since Sept. 1
2,363,000
2,2J2,000
1,843,000
highest 76 and lowest 28.
rain
on
Nashville, Tennessee.
have had
three days of
Thit
Since
Thi*
Since
Thi*
Bine*
week. Sept. 1. week. Sept. 1. week. Sept. 1,
the week, tlie rainfall reaching sixty-six hundredths of an
inch.
Average thermometer 52, highest 73, lowest 34.
Exports (bales)—
Mobile. Alabama. Rain has fallen on one day of the week,
To Liverpool
11,000 172,000 13,000 135.0001! 13,000 167,000
to the extent of thirty hundredths of an inch.
The thermomToContinent
6,000 69,000 3,000 84,000
6,000! 72,000
eter has averaged 64, ranging from 45 to 72.
During the
Total Europe
17,000244,000 19,000 2O4,0OOill6,000;251,00O
month of December the rainfall reached fifty-three hundi-edths
|
I
,
1
—
—
,
1
—
!
—
I
—
—
—
I
I
—
—
—
—
—We
I
I
I
—
'
I
*
of an inch.
—
Montgomery, Alabama. Tliere has been light x'ain on two
days and the remainder of the week has been cloudy and dry.
The rainfall reached twenty-four hundredths of an inch.
During the month of December the rainfall reached forty-nine
hundredths of an inch.
Selma, Alabama. We have had rain on three days of the
week, the irainfall reaching twenty-eight hundredths of an
inch.
Average thermometer 56, highest 72 and lowest 46.
Auburn, Alabama. The week's precipitation has been
twenty-four hundredths of an inch. The thermometer has
averaged 55-4, the highest being 71 -5 and the lowest 41.
Madison, Florida. Telegram not received.
Columbus, Georgia. Telegram not received.
Savannah, Georgia. It has rained lightly on three days of
the week, the rainfall reaching nine hundredths of an inch.
Average thermometer 60, highest 76 and lowest 44.
Augusta, Georgia. The early part of the week was clear
and pleasant, but the latter portion has been cloudy, with
light rain on two days. The rainfall reached fifty-six hundredths of an inch. The thermometer has averaged 55, the
highest being 78 and the lowest 40. During the month of
December the rainfall reached fifty-five hundredths of an
—
—
—
—
—
—
inch.
—
Charleston, South Carolina. We have had rain on two
days of the week, the rainfall reaching seven hundredths of
an inch. The thermometer has averaged 60, ranging from
44 to 76.
Stateburg, South Carolina.— It has rained on one day of the
week, the rainfall reaching seventy-five hundredths of an
inch. The thermometer has ranged from 39 to 74-3, averaging 55 '8.
Wilson, North Carolina. Rain has fallen on two days of
the week, to the extent of eighty-nine hundredths of an inch.
The thermometer has averaged 54, ranging from 35 to 72.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 8
o'clock January 2, 1890. and January 3, 1889.
—
.
New Orleans
HemphU
NasliviUe
Shreveport
Vicksburg
.
.
Above low-water mark.
Above low -water mark
Above low-water mark.
Above low- water mark.
Above low-water mark.
Jan.
2, '90.
Jan.
Feel.
IneK.
Feel.
6
14
4
14
10
19
1
6
8
3, '89
Inch.
4
2
4
6
13
6
15
4
16
5
1
A cantar is 98 pounds.
This statement shows that the receipts for the week ending
Jan. 1 were 110,000 cantars and the shipments to all Europe
17,000 bales.
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market is strong for yams
and firm for shirtings. Merchants are not willing to pay
We
give the prices for to-day below, aild leave
present prices.
those for previous weeks of this and last year for comparison:
1888-89.
1889-90.
32t Oop.
Twist.
8>4 U>s.
Shirtings.
„„ _
32» Oop.
]£ifj
r««"Vplds
Oolt'n\
Ooten
Mid.
Upld*
8>4 ths.
Shirtings.
'
-!-
d.
d.
d.
Nv.29|8ie aSSs
1
Dec.esis ®858
" 131818 asis
" 20'8i8 ®858
1
" 871
Jan. 3i8i8 '*8»8
d.
3
3
3
»7 3
Hallday...
1 »7 3
1
1
.
8.
»7
®7
®7
d.
d.
T's
778
7'$
5»B
5»i« 7'8
T'e
558
d.
d.
®839
97
97
•7
»7
•7
•S838
asss
»8%
*»'»
5^
—
Overland Movemknt, &c., to January 1. In our editorial
columns to-day will be found our regular statements of
overland movement, receipts, exports, spinners' takings, &c.,
brought down to January 1.
Jute Butts, Baogino, &c.—The market for bagging has
not been active, and only small orders are coining in. Prices
are steady, sellers quoting 6%c. for IJ^ lbs., 7*^0. for 1^ lbs.,
8c. for 2 lb. and 8J^c. for 2}^ lb.
A small business is reported in jute butts, which are held at l'70(glj^c. for paper
grades and 2@2i^c. for bagging qualities.
SHiPPiNa News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
192,885 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
With regard to New York we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Thursday.
,
Total
Llveroool, per steamers Adriatic, 1,185
City of Chicago, '2,105. ...Lassell, 2,601. ...Kunio, 2,010
Servia, 1,874. ...The Queen, 1,441... .Wisconsin, 761.. 11,977
1.63«
To Hull, per steamer Buffalo, 1,036
758
To Havre, per steiimer La Gascojrne, 753
Taormlna, 958. 2,158
To Hamburg, per steamers Suevia, 1,200
Nbw York—To
To Amsterdam, per steamer Amsterdam, 42
To Antwerp, per steamer Pennlanil, 816
49
816
THE CmtONicLR
42
XMalbcUe*.
OBi.«Afi»-To Liverpool, per steamer* Darion, 6,305^..
Larrin.Ramon
de
Historian, 4,558. ...Muroliino,5,UOO...
" **»J^oa
••
Mia, 8 too
ToBaTre. per steaiiiori'bnpay d« I/omc, 6.300. .. .Olenfleld,
610 .. Moonstono, «.600... We.«tbmirrie, 4,997
^?A\n
J.890
...._--.....
ToDunkIrk, per ship LydlaSkolfleld, 3.800
Creolo,3,780 ...
To Bremen, pt-r HU-aiuere Casslus, 5,453
Oeronn, i).700....Merced.'s, 5,916
o'SnS
To Iluinbiirn. iwrsteam'^r Parthian, 2,000
i'iin
[
—
ToO<U'8»ii. jierBlpauicr Huiitsiimn, 5
350
To ficn'>8, per sttamiT Delconiyn. 4.404
z---s
To Vera Cruz, per steamer J(>a<|Uln Ancona, 2,855 ... ..
OiLVKBToK-To Liverpool, tier (tearoers Avonmore, 6,968....
.
Wallachla, 3,388
Z.tii,3.5!»7......
..
To Fleetwo.id. per ste imcr Neto, 4,2.30 ...........
8ava!Oah-To Liverpool, !>or steamer Alccstcr, 5,IH8... .......
To Bremen, per »twimi-r« Ariel, 8,009. ...Elfrlda, 6,434....
Florence, 2,710 ...MounU Bay, 6,850
...
To Biireelona, i>er8team-r Venice, 5,083
BrI'n»hiik-To Liverpool, pcrRtoiimer -—-—.4,600
?'injL
o'u>iJ
z,»od
„
A'-An
«.""
VtvOO
.
Liverpool, per steamers Mouarcb, 5,745..
Blft
per Vteamers Aslacoe, 6,286
Wbbt Point—To'LVvefp'oolV
{•"eb.-
.
March
Mch.-AprU.
Aprll-May..
Mar-June..
Juno-Julv..
Juljr-Aug ..
Wedaes., Jan.
.
Llvorpooi," per steamers Michigan, 1,876. ..BcytUla,
l,455....Veuetlan. -J.OOS
To Yannonth. per steamer \ armoiith 12
Baltimork-To Bremen, per steamer Main. 400. ........... .....
Philai)Elimi:a-To Liverpool, per steamers Lord Gough, 902
....Ohio, 875
ll»ooo
0,33b
i^
40O
^'777
192,885
rotal
d.
i.
35
35
SS
35
d6
5 35 5
5 31 5
5 34 5
5 35 5
5 30 5
5 37 5
5 39 5
5 40 6
5 41 15
534
534
585
536
585
5 36
6 37
3U
40
I
i.
5 3S
534
6 84
3-i
12
Olot,
5 3S
539
5 37
5 39
5 40
5 41
5 40
6 42
d.
5 34
5 31
6 34
Jan.-Feb.,..
Feb-Maroh
534 636
689 5 37 5S5
6 39
6 36
5 37
.Uch.-Aprll.
5 87
5 37
6 38
April-May..
638 6 39 &iiS 6 39
580 541 6 89 6 41
May- June..
July-AoK
5 38
5 41
6 42
5 43
June-July
..
Aug.-Sept..
3-)
5 42
5 43
5 44
5 41
5 42
6 43
6 42
5 43
5 41
Ola*.
d.
K.
d.
d.
5 37
6 37
6 38
5 39
6 37
5 37
5 38
6 40
6 41
6 43
5 44
5 43
5 45
5 36
5 36
536
5 36
8 37
5 89
5 40
588
689
641
543
548
d.
January....
5
Jan. 3.
FrI.,
open High Law.
Open Bigh
6 41
6
5
5
5
42
44
45
15
542
5 43
6 44
544
5 44
545
I
The particulars of these shipments, arranged in our usual
(orm, are as follows:
Vera
Havre Bremen, Odessa
and Ham- and Barce- Cruz it
Hull
Tarlo>M<t
Sebi»burg,
DunLiver- tt Fleetvool.
New
irootl.
York. 11,977
N. Orleans. 24,163
1,636
Galveston.. 13,''53
4,230
Savannah
d.
Thurs.. Jan. S.
1.
d.
...
--..-.
Waverlv, 5,380
Bo§TON-To
Deo.-Jan.
JaD.-Feb....
k'XSo
....,...••.-•-•-•••••"•• -••.••-••••-•*
9
534 B3i 633 5 33
533 B34 533 631
533 5 84 5 33 633
5 34 S31 5 31 534
535 535 5 35 5 35
586 5 37 5 31 8 37
B3S 9 8S 5 35 538
5S9 5 40 5 3U 5 89
B40 S41 5 .JO 5 40
December..
Oiwn Higk Low.
«.
(L
Ai-nn
J.wu
'ain
8''"
NOBFOLK-To
H(vk X/OW. OlM
i.
o.iBO
To Bebastopol, i>er steamer .Mi.haraJaU, 4.100
ChaelkstoS-To Barcelona, per bark InteKridad, 860 —----•
.Slouia,
.
Opm
li.
Tues.t Dec. 31.
Mod., Dec. 30.
Mat., Dec. •M.
New
^OL.
......
ac
3,010
22,306 26,849
kirk
Brunswick.
5,350
Genoa. mouth.
4,404
2,855
.---.
5,083
23,003
5,188
4,600
.
topol.
758
4,100
Fbidat,
Total.
17,337
85,927
18,183
33,274
8,700
8U0
860
BREADSTUFF S.
p. M.,
January
3,
1890.
The market for flour and meal shows little or no change from
last week— certainly none of consequence in values— but it may
be said that holders, in view of the reduced stocks on hand,
and the steadier market for grain, as well as the expectation
that the demand will improve, now that the holidays are
passed, are disposed to hold more firmly, and in some cases
12
ask higher prices. To-day there was an improving demand
"400
400 for wheat ilour, both from shippers and the home trade.
1,777
The wheat market has been strong, but inactive. FavorTotal.... 88,023 5,866 23,064 53,268 9,450 10,347 2,867 132,685 able foreign advices and a comparatively slow movement of
the crop in the Northwc'st have served to support values, alCotton freights the past week have been as follows;
though buying for the rise has been fitful and uncertain.
The bears show great caution la view of their recent losses.
rn.
luu. WednM. TKur:
Hon.
Satur.
The demand for wheat on the spot has been sluggish. Neither
'32
'32
shippers nor local millers were inclined to take beyond im'39
'32
Ureipool, steam d.
•si
....
....
mediate needs. To-day the market, though firm, was dull
.--.
Do late deUv'r-<<38
%
%
for both spots and futures, there being no active influences.
e.
Havre, steam
'is
''le
....
e.
.--,
....
Do sail
DAILT OLOStNO PBI0E8 OF KO. 2 RBD WINTER WHEAT.
Fri.
Thurt.
»16
Sat.
Uon.
Tuet. Wed.
Bremen, steam . e.
»ia
»1S
9l«
•i«
87»8
857g
85»8
o. 85%
85%
January delivery
....
....
....
....
Do Indlreot.c.
8718
86^8
o.
87
se'e
>i
871s
February delivery
»18
>,
Hamburg, steam.e.
»18
9l8
83I4
88i«
»1S
'l8
8838
88
0. 88
March delivery...
2
•§
....
89
89
....
88%
SB's
Do via indlreotc.
April delivery
o. 89=8
89
8914
7070o. 89
891a
891s
May delivecy
1«
70'
70*
70*
Amat'd'm, steam.e.
S
£
88^8
8318
8888
88
89
o.
Junedellvery
>s
n
....
....
Do Indirect.. ((.
87=4
87
88
88
0. 86I3
July delivery
l»«4-»32 "64-"32
Beval, steam.... d. "64-3 '64 1»84-2S.« "64-"32
Indian corn has continued to be pressed for sale under tho
...
d.
Do saU
..«.
....
excessive supplies which are coming forward at the West, but
'16
Saroelona,8team d.
"ta
"is
»1S
He
to day a weak opening was followed by some recovery.
».6
'18
Genoa, steam., .d.
OlS
Oie
"is
large proportion of the busioess has been "steamer" No, 2,
^18
Trieste, steam. ..d.
'l6
'is
<^le
he
for whicli the closing prices to day were 37J^c. in elevator,
''32
Antwerp, steam d.
I'-'i^'aa I3e4®'32
13a4®''32
'm
STf^c. for January, 87.?gc. for February, 33J:^c. for March and
• Per 100 lbs.
38}^c. for April. Some old mixed No. 2 sold early in the week
liiVHRPOOL. By cable from Liverpool we have the following at 41@41Mc. afloat. To-day new No. 2 brought 40@403^c.
statement of the week's sales, stocks, &c., at that port.
delivered,
DAILT 0LO8INO PBIOBS OF HO. 2 MIXED OOBR.
Wed.
Pri.
Man. Tuet.
Thuri.
Sat.
Dec. 6.
Dec. 13.
Dee. 30
Dec. 20.
.>>
39ifl
3913
3914
3938
o. 39^9
January delivery
39i8
39i«
«
39
3958
39
delivery
0.
bales
ales ol the week
55,000
56,000
62,000
43,000 Feliruary
§
39'4
39%
39%
Sg^t
4,0001
Of which exporters took....
4,000
4,000
2,eoo March delivery
397,
39%
SS'a
0. 40i«
39%
Ot which speculators took.
4,000
3,000
3,000
2,000 May delivery
M
Bales American
46,000
47,000
41,000
34,000
pressed for sale, and to-day sjjot lots were
have
been
Oats
Afltnal export
8,000
6,000
9,000
14,000
Forwarded
84,000
81,000
79,000
76,000 lower, leading to a more active business, the business includTotal Btook—Estimated
702,000 756,000 798,000 908,000 ing No. 2 white for export at 31}^c. afloat, and the same
Ot which American— Estim'd 516,000 567,000 606,000 703,000 grade was quoted at 29=8@29^^o. for February and May.
Charleston.
9,363
11,6US
5,348
9,363
Norfolk ...
_,.—
West Point 11,666
Boston .... 5,336
Baltimore
PhUadelp'a 1,777
—
•
I
A
—
.
Totsl Import of the week
01 which Amerloan
.Amount afloat
Of which American
143,000
128,000
305,000
290,000
-
141,000
126,000
323,000
300,000
131,000
113,000
281,000
258,000
201,000
174,000
246,000
221,000
The tone ot the Liverpool market for spots and futures each
•day of the week ending Jan. 3, and the daily closing prices
of spot cotton, have been as follows:
Spot.
Saturday Monday. nietdoy.
Market, )
1:45 p. M.{
Fair
bDstnesB
dotns.
irednet.
nrm.
Thund'y.
liiday.
Fair
business
dOlDg.
Finn.
DAII.T
Bales
Bpec. <fcezp.
Future*.
Market,
1:45
8»is
I
5»8
8,000
1,000
10,000
1,000
&
1
F. 11.1
Market,
4 P.M.
10,000
1,000
5»U
{
^1
The opening,
I
Steady.
Quiet.
5»a
10,000
1,500
Qnlet.
MIXED OATS.
Hon.
Tue».
28ia
28i8
28%
Wei.
J. j
28
Thurt.
28=8
oa
Fri.
28ia
28%
28
a" 28
277»
277^
0.
28
27%
MaydeUvery
Rye has been quiet, but is firmly held. Barley meets with
a better demand at full prices. Buckwheat is steady.
The following are c^osing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
V
bbl.
FLOtJB.
SOj atyshlpping, extras.
2 75 Kye flour, superfine..
$2 10»*2
Buperflne
2409
Extra,No.2
Extra,No.l
2
3
Patent,spring
Patent, winter
4 50» 5
65« 3 05 Fine
35« 375lCommeal—
480»525]
Buckwheat Flour per 100
lbs.,
00:
steady.
highest, lowest and closing prices of futures a t
Ldverpool for each day are given below. Prices are on the
basis of Uplands, Lo w Middling clause, unless otherwise stated
10»
3 30
2 659 2 95
Western, &o
2459 255
Brandywlne
2 63» ..„
ORAm.
1-04 ad.
Quiet and
4 359 4 40
3
fl 50»fl 65,
at
Tanoe.
Qnlat.
HO. 2
Sat.
28ia
28I4
these figures):
Firm
steady.
o.
o.
February deUvery
Fine
Mld.Upl'ds.
OLOBmO PBIOBS OF
January delivery
Wheat—
0.
78
87
Ked winter No. 2
86
Red winter
75
White
78
Corn— West'n mixed. 35
West'n mixed No.2. 39
Spring, per 1>us&. .
Spring No. 2
.
Western yellow
Western white
Buckwheat
_
11
9
9
9
9
9
9
9
a
Eye—
97
90
87 14
Oata-Mixed
90
White
1
No. 2 mixed
401s
No. 2 white
91
40 14
_
37i«a •41
43 ® 45
e.
Western..^ bn
State and Jersey
..
54 «
55 9
2613a
29i2»
28i49
30ia9
Barley—
2-rowed State
4-rowed State
Canada
53
55
88
6.
58
60
30
33
29^4
3H«
9 54
9 58
9 70
January
lUE CH&OmCLiL
T890.J
4,
The movement of
market
breadatuflfs to
is
indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Westem lake and river ports, arranged so as to present the comparative movement for the week ending Dec. 28, 1889, and
since A.u,;ust 1, for each of the last three years:
RtetivU at—
Wheat.
Flour.
OtalciKO
33,068'
Mtlwankee...
Dnlnth
Minneapolis.
Toledo
1,651
Detroit..
,
Clereland.
Oatt.
fi<n« Aug.
1888
1888
1887
111,204
66,887
763,510
38,372
U8,e8.1
2,828
8,100
27,000
595,800
Peorls
'89.
8,100
42,SH
19.185
4,186
Same »k,'88.
Bsme vk.'87.
95,ai»
49,955
10.114
1,718,910
Z.'ISS
Bartry.
Bt/«
BluK»S U» Btuh.tH Ibi Bu. 66
797,087
62,050
65.803
42,708
lf8,5,d
,
,.
8t.Ix>ui8
Tot.wk.
Com.
Bhli.jmiht B\u\.«Olh> nuji)>.5«lb>
2,051,421
264,187
120.801
29,608
16,800
159,876
317,000
212,179
70,200
lh$
Hi.!) 15
37,110
8,001
179
62,200
43,200
22,550
8,850
1,687,729
4,726,187
3,123.951
1,480,96)
432,977
112,010
1,251,591
1,182,332
608,037
260,138
1,882,501
1,600,037
818,173
626,1)27
65,06«
51,931
1.
81,148.285
63,282,053
68,103,037
54.222.898
6,611,106
70,264,334
10.763.931
The exports from the
ending Dec.
28, 1889,
are
1889.
New Yobk
to Dec.
41,514,291
14,927,682
3,611,.3.15
41,030,137
37,710,211
18,126,450
8,020,1111
15,611.659
l,05>,jai
several seaboard ports for the week
shown in the annexed statement
Week. Sinet Jan.
Great Britain
Other European.............
125
India
305
Arabia
Atrioa
West Indies
1
417
19
52
5S6
47
Central Aniorloa. ...........
'
Total
China, via Vancouver
/rim—
New York
Whtal.
Oom.
Bv.ih.
Buth.
207,892
2,500
Bblt.
604.584
278,634
57,373
271,922
Boston...
Portland.
Montreal.
FUmr.
Oatt.
64,689
13,335
Buih.
174,809
9,900
Bye.
Peat.
Bmh.
BuiK
44,806
....„
PUladel
192',996
Baltlm're
N. Orl'ns.
538
N.News..
Blchm'd.
T»t.week.
8'me time
1888...
464,912 1.093,610
135,994
184,709
946,844
118,507
3,612
81,378
44,806
caual
&
33,971,648
34,274,799
8,099,901
5,856.y57
8,497,150
44,421,130 6,025,253
62,729,869 13,783,124
38,.301,417
13
5
2,936
4
33
33
128
556
18
133,803
50,913
3.720
141,143
88,995
1,560
184,716
3,720
180,188
direct.
The value of the New York exports since January 1 have
been 18,044,485 in 1889, against |8,607,989 in 1838.
The demand for brown, bleached and colored cottons at
first hands was light, but very fair shipments of certiin sorts
were made to interior markets on account of back orders.
Stocks of plain and colored cottons are so exceptionally well
495 in hand that prices remain steady all along the line. Fancy
prints were opened at about last year's figures, and there was
a fairly active movement in fine sattens, drees ginghams,
32,571 white goods, seersuckers, challi-'s, lawns, &c., on account of
former transictions. Print cloths ruled quiet and closed at
40,564
3J^c, bid to 3 9-16c. asked for 64x643 and -Si^c, for 56x60s.
1889
1888
1887.
Dec. 23.
Stock 0/ Print OlotKt—
Held by Providence manoTers. 288,000
Fall River mamitaotureri... 35,000
None.
Providence speculators
None.
Outside speculators. (est)...,
Dic. 29.
14,000
5,000
None.
None.
219,000
2,000
21,000
10,000
323,000
19,000
252.000
Total stock (pieces).
FoKEiON Dry Goods of
J>ee.
31.
descriptions ni'ed quiet as regards new business, but there was a very fair movement in
British and Ck>ntinental dress goods, etc., from first hands, on
account of back orders. The most staple imported fabrics
are generally firm at current quotations.
all
Importations of Dry eoods.
The importations of dry goods at this port for the week
ending Jan. 3, 1890, and since Jan. 1, and the same facts
for the
corresponding periods of last year are as follows
E
iiS
is
s
SE
Si
|;
8:
»
S
£•
?
?
:
a
g
'
;
B.
i
i
•
*
:
:
»: 6
fi
i
"fS
•
;
3
e
I:
^ iw tv IV ^~
5,153,203 1,252,889 2,425,756
4.853,277 1,251,630 2,.-)iy,933
8,624,162 1,678,833 2,803,901
5,976,781
295,2213,493,957
5,026,610 435,429 2,783,798
»<i
w
I^COOOOU
*
CO
Mtaco
* ai<i to
M«b>-co
CO CO cc •->
»i
THE DRY GOODS TRADE.
New Yobk, Friday p. H„ January 3,
1.
5,176
2,225
40,165
9,031
16,503
5,011
13,947
4,968
6,113
35,627
2,377
1,580
From New England mill points
river
Toi. Dec. 28,'89.
Tot. Dec. 21,'89.
Tot Dec. 29,'88.
Tot. Deo.31,'87.
Tot, Jan, 1,'87,
Vetk. Slnet Jan.
4,224
9,061
18,791
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Dec. 28, 1889:
Barlty
Oatt,
Rye,
Wheal,
Oom,
buth.
In tlore at—
bitth.
btith.
btith.
buth.
Sew York
127,508
161,167
5,497,851 1,297,114 1,303.185
Do afloat...
58,100
87,800 178,300 219,800
809,500
Albany
61,000
50,600
62,000
_
77,500
Buffalo
35,493 238,741
20,823
3,171,791
277,590
Chicago
457,142
320,586
5,037,059 1,318,044 1,725,915
Milwaukee
127,081 301,553
3,470
961,924
2,506
Dnlnth
4,340,914
188,574 250,317
Do afloat
73,000
Toledo
36,ia0
24,267
2,824
953,683
225,031
Detroit
39,218
481,958
50,645 159,505
5,078
Oswego
510,000
40,000
50,000
Bt, Louis
123,413
28,345
2,071,285 1,788,H94 353,830
Do afloat
79,855
Cincinnati
96',6bo
12,000
41,000
6,000
1,000
Boston
34,030
100,462
134,292 224,743
68,362
Toronto
4,404 181,469
125,249
6,624
Montreal
9,049
86,403
276,653
17,169
38,354
Philadelphia
397,013
694,206
85,876
Peoria
ih'.i'ii
5i',72i
29.610
285,133 260,929
Indianapolis
700
208,162
56,000 222,449
Kansas City
2,231
209,266
147,044
30,333
3,075
Baltimore
1,163,S09
939,135 145,505
32,908
Minneapolis
7,616,456
46,180 119,325
Bt, Paul
365,000
On Mississippi
15,030
330,489
On
*
1.
8,971
1,036
38,330
6,428
7,166
4,890
15,186
3,703
6,977
40,247
2,969
8
Total
Mxporu
1888.
31.
87,197
111,453
4,812,772
coatings was chiefly for small parcels of Kerseys and clothfaced beavers, and there was a strictly moderate busineaa in
heavy cloakings. Spring caesimeres and worsted were quiet
in demand, but there was a steady movement in leading
makes on account of back orders. Wool and worsted drew
goods continued in light request, a.s also flannels and blankets,
but prices are without quotable change.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the weekending Deojmber 31 were 1,580
packages, valued at f 111,437, their destination being to the
points specified in the table below:
712
18«,8'!9'
5,<'68,090
43
cca.oa-1
Mcxtoa^
co^
Otoh-cooa
towt».wto
1890.
The demand for dry goods at first hands was very light
the past week as is usually the case during the holiday season.
Heavy winter goods were conspicuously quiet, the demand
for consumption having been greatly retarded by the extreme
mildness of the weather still prevailing in most parts of the
country. The demand for spring .goods at first hands was
strictly moderate, but a liberal distribution of certain dom.
estic and imported fabrics was made by commission houses
and importers on account of back orders. As a whole the
jobbing trade was very quiet, leading jobbers having made
such liberal sales of " job " lots the previous week that their
customers are pretty well supplied for the present, considering the dull condition of business in the retail branches arising from unfavorable weather conditions.
Domestic Woolbn Goods ruled very quiet in commission
circles, and the jobbing trade in both clothing and miscellaneous woolens was consiiicuously light, but prices are without quotable change and for the most part steady. Some
lines of new heavy fancy cassimeres and worsted suitings
have been opened by the mill agents at about last year's
prices, but intending buyers are apparently in no haste about
placing orders for next season. The demand for heavy over-
tsto
aw
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P
I
I
THE CHRONICLE.
44
BANKEBfl
AND
Co.,
BROKEBfl,
toeka and Bonds Boasbt and
Sold
Wilbour, Jackson & Co..
BANKERS AND BROKERS,
Equitable Building, 120 Broadway, N. T.
Dealer* In Government, Municipal. Water Works
\rEYBOSSET STREET,
PROVIDENCE, R. I.
No. 63
Bxchange
Private telegraph wire to
&
Bros.
Co.,
BANKKRS AND BB0KKR8,
AND
DBALKR8 IN FOEBaGN KXCHANOB.
433 W^ood Street, Pinrturji, Pa.
MEMBERS
Kew Tort »n<l Philadelphia Stock Kichangei.
Pltubnrg Petrolenm, Stock and Metal Exchanga
FriTate wire* to New Tort, Pblladelpbla
Chicago.
H' B. MOBBIIBAD.
MIAKK
W. T. IKWIN.
BALLMAira.
KIXIS.
F. H.
&
Morehead, Irwin
stock,
NO. 51
Co.,
Have constantly
Binney,
St.,
ProTldence, R.
PRIVATE TELEGKAPH WIRES TO NBW YORK
WESTERN MUNICIPAL BONDS
AND ALL LOCAL
STOCKS.
Safe IiiTestiueiit Trust Funds a Specialty
». W. CORNER THIRD AND PINE STREETS.
WIIililAM G. HOPPER & CO.,
28 Soutb Third Street, Pblladelpbla.
&
)
C. LITTLK.
„
Member N. Y. Stock Exchange. ( ST. LOUIS.
)
Mttobbll Scurr
Co.,
BANKERS AND BROKERS,
RICHMOND, VIROINIA.
BSTABHSHED
1860.
Correspondence solicited and Information furnished about Southern Htate. Municipal and Railroad Investment Securities.
New York Kef ereuce-CH AS. M. FRY, Esq., President Bank of New York. N. B. A.
A. L. Hartridge,
Bari and
andBonds.
Bells
on commission
W.
all classes
&
Clark
Transaet a general banking business.
Allow
on deposits.
Members of the Philadelphia and New York
a
specialty.)
Kirkpatrick
&
Brothers A
PITTSBURG,
&
Whitney
PA.
UITT RAILROAD STOCKS and BONDS
18V1.
FOURTH AVENUE.
Oldest Pittsburg
BOUGHT AND
Stephenson,
BANKERS AND BROKERS,
STOCKS
&
Lawrence,
BANKERS AND BROKERS,
FOURTH
AVE.,
of the New York Philadelphia
and Pittsburg Stock Exchanges.
W. Branch &
Co.,
AUCTION SALES
Private wires connecting with Washington, Baltimore, Phtladeiphia, New York, Boston and Chicago.
New Yorlt Correspondents; Messrs. Green & Bate*
man and Prince & Wliiteiy.
ON
ADRIAN
NO. 1
F.
SALE A LIMITED NUMBER
OF FIRST MORTGAGE SIX PER CENT
INQUIRIES SOLICITED.
Martin
15
RAILWAY, WATER WORKS AND
MANDFACTURINtt PROPERTIES,
TWENTY-rOUR TEARS' EXPERIBNXb:.
Room
14—203 arand
Arenua
UlLWAVKEE, WISCONSIN
Building.
ITIIlls
(Late Director of the Mint.)
GEOLOGIST and :iniNING ENGINEER
Address,
Care of Mr.
W. W. MacFarland.
Mills Building, 35
WALL ST.
Moody & Co.,
44 WALL, ST., NEW YORK,
W.
L.
BANKERS,
ILLINOIS.
.quotations sent br
Bxamlnatloas, Reports and Estimates made on
Breckinridge,
ST.,
James P. Kimball
-N. Y.'
BANKERS.
&
BROAD
Co.,
Wolffe,
Goodhue, C. E.
H. MIJLEER A. SON,
NEW YORK.
PINE STREET.
WE HAVE FOR
RICHmOND, VIRGINIA.
Circulars and information on funding the debts ol
Virginlaana North Carolina free of cost; one-eighth
Southern Railroad
i)er cent charged for funding.
and State and City Bonds bought and soicl.
letter or wire.
W.
of
BVERY WEDNESDAY.
BANKERS AND COMMISSION MERCHANTS
&
all classes
STOCKS AND BONDS
THOMAS BRANCH & CO.,
Koch
REGULAR WBKKLT
hold
of
BONDS ON OPERATING
Suburban Electric and Horse Railways.
RICHMOND, VA.
Schaar,
BONDS
and
The undersigned
PITTSBURG.
Members
SOLD.
At Auction.
members N.T. Stock Bzobange.
Sproul
T8
BROADIVAV,
NBW YORK.
No. 145
Co.
MBMBKKS HiltMI.NOnAM STOCK RXCHANGB. Negotiators of First Mortgage Loans.
REAL E(*TATE, STOCKS, BONDS,3,603 Soutb Halstead Street,
l.NVEST.HENT SECURITIES.
BIRiniNOHAin, AI<4BAinA.
CHICAOO.
Correspondence Solicited,
BROADWAY,
H. L. Grant,
^
.,
._
and information fur-
Interest
Stock BzcbanKes, and connected br private wire
with New Tort
NOTES.
R. FAST,
F.
(INVESTMENT and SOUTHERN SECURITIES
i
for sale.
sold.
COMMERCIAL PAPER
43
State Bank Butldixg.
He. 139 South Fonrth St., Philadelphia
Railroad, Municipal and other desirable Inrest-
bought and
OVEB TWENTY YEARS' EXPERIENCE.
(Members of Baltimore Stock Bxchange),
of Stooki
Co.,
BANKERS AND BROKERS,
ment Securities
in default or interest-paying
Co.,
BANKERS AND BROKERS,
Negotiates loans on marketable securities*
Mew York Quotations furnished br private ticker
eTerr flfteen minutes.
E.
Orders solicited in large or small lots for cash or
le margin. M iscelianeous Bonds either
on reasonal
BANKERS AND BROKERS,
C.
SAVANNAH, GA„
BECDBITY BROKER,
Co.,
AND
&
Wilson, Colston
No. 6T
&
Davenport
Sons,
TRANSACT A GENERAL DOMESTIC AND
FOREIGN B ANKING BUSINESS.
STABLISHnD
WM.
&
No. 20 Broad Street, New York.
SPECULATIVE ACCOUNTS,
STOCKS, BONDS AND PETROLEUM.
BANKERS,
SOUTH STREET,
11
Street.
STOCKS, BONDS, GRAIN.
Redmond
Fred H. Smith,
BAL.TI]!IORE,
Wm.C.Little,Scott&Co.
^10 North Third
S.
BANKER AND BROKER,
Correspondence invited
nished.
N. Y. Correspondents— McKiM
BANKING HOUSE OF
Henry
yon desire to buy or sell, we
should be pleased to have you
confer with us. Should you wish
Investments stocks or bonds carried, we
can offer you favorable terms. If
you desire to open an account
or make a change, we offer the
Your Banking
**
name of our firm for your
favorable consideration.
BALTIMORE.
PBIVATE WIRES TO NEW YORK AND CHICAOO.
•
R. T. Wilson
,
.
MO.
ST. LOUIS,
Investment Dep't.
I'
Yftiir
^
No.
DEALBBS TS
Trust Funds and In-
BANKERS & COMMISSION MERCHANTS
9 Exclianee Cnnrt. Nenr Vorb
INTESTMENT SECURITIFS A SPECIALTY.
Co.,
cliolce line of Securi-
AND BOSTON.
CEABLZS H. SHELDON. JB. WtLUAH BrNNBT, JB
WEST THIKD STKEET. Robert Garrett
CINCINNATI, OHIO.
&
I.
Transact a General Banking Business. Dealers la
Stocks. Bonds and Local Securities.
Bond and Note Brokers,
H. M. Noel
on hand a
ties for investors.
stitutions.
BANKERS,
28 Westminster
margin.
New York and Boston.
&
Sheldon
and Railroad Securities.
a general Banking business.
Securities listed on the New York Stock Exchange bought and sold for cash or on
Transact
Dealers In Commercial Paper, Government and
other flrst-class Bonds and Securities and Foreign
In all itlarketn.
Rea
Co.,
BANKERS,
BOSTON.
MBMBBRS OF BOSTON. NBW YORK AND
PHILADELPHIA STOCK BXCHAN0B8.
&
Harriman
BKSJAHIN a, JACESOir
J08BVA WiLBOtJB,
&
8TATB 8TRBBT,
No. 89
Ifitxancial.
financial.
Ifltiattjcial,
Irving A. Evans
[Vol. L,
Bonds Wanted,
Issued by Cities, Counties, School Districts, Water
Companies, &c. We are in the market for the purchase of round amounts of such bonds. Bond List
covering offerings of High Grade Bonds furnished
on
application.
N.
W. HARRIS & COMPANY, Bankers,
113-llT Monroe Street, CHICAGO.
TO State Street, BOSTON.
Correspondence solicited.
AND GALVEST«»N, TEXAS.
A
general banking business transacted. Accounts
solicited and received on favorable terms. Invest-
ment securities. Correspondence
HENur G. CAUPBCLL,
J.
)
solicited.
Members N. T. Btoek
BORDKN Hakriuan, i
Bxchange.
H. G. Campbell
&
Co.,
BANKERS AND BROKERS.
9 Newf Street and 74 Broadway,
.SEW
YORK
@FedFRASER