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iitantial
ommtrtt
AND
HUNT'S
MERCHANTS’
MAGAZINE,
REPRE3ENITNG THE INDUSTRIAL AND COMMERCIAL
INTERESTS OF THE
YOL. 46.
SATURDAY, JANUARY 7, 1888.
£Ixc Chronicle.
Terms of
1887.
Subscription—Payable in Advance
:
6 10
11 28
in Loudon (including postage)
do
£2 7s.
do
£1 8s.
These pri ei include the Investors’ Supplement, of 120
pages
issued once in two mouths, and furnished without extra
charge to
subscribers of the Chronicle.
S
*OH>
r
r>ANA
o
FLOYD
G.
1 LO\ D.
f
POST 0FFICE Dox 958.
HOUSE
For the week under review the returns of
exchanges embrace
only five business days, Christmas having been observed on
Monday, December 26.
Compared with the previous week,
which included six days, there is a decline of about one hun¬
dred and sixteen million dollars, of which half was at New
York.
In the week of lb'8G with which
comparison is made
the New Year's holiday occurred, but, as is well
known, is
not observed so universally as is Christmas.
The contrast
cannot, therefore, be said to be between five days in each
The figures as they stand, however, exhibit a loss this
year.
year of 4’9 per cent.
Week Ending Dec. 31.
j
1887.
1886.
$
|
shares.) 1
(Cotton
(Grain
(Petroleum
bales.)
bushels.) !
bbls.) !
Boston
Providence
Hartford
New Haven
Portland
Worcester
•
Total New England...
Philadelphia
Pittsburg
Baltimore
End'g Dec. 24.
1887.
P. Cent.
$
400,824,201
526,272,250
—6*7
548,506,481
-0*3
(781,356)
(354.500)
(-50-7)
(+0 5)
(775.107)
(557,200)
(-571)
(33,543,515)
(39,110,000)
(1,600,020)
(332,900)
(31.04-+000)
(23,020,000)
(+8‘ 1)
(28,500,300)
(+17-5)
(-0 2)
(34,002,900)
(+57-8)
60,287,101
82,484,085
4,281.000
1,038,782
1,041,134
4,000,200
1,408,415
—20-8
—70
73,423.122
5,162,509
1,508.000
1,128,047
-+01
+20-8
(+03 5)
+ 1+0
095.055
858, OHO
+4MV
+4*0
—15‘2
+0*5
899,951
739,180
E57.211
787,335
460,316
Lowell
P. Cent
$
800,772
703,424
Springfield
i Week
70,165,556
92,009,.‘*83
40,505,216
0,073,037
9,832.623
47,512.438
8,245,550
10.134,027
+ 15-4
+ 18*4
-16*3
058,008
1,034,0( 10
029,-589
-24*2
84,805,301
+20
+43
01,405.003
+1+0
+4 1 -2
+10-7
+1U0
-30
11,214,510
11,034,700
+34*0
Total Middle
v
Cincinnati
Milwaukee
Detroit
Indianapolis
Cleveland
Columbus
Peoria
Omaha
T
Minneapolis
Denver
St. Paul
.
Grand Rapids
Wichita
Duluth*
Topeka*
Total Western
St. Louis
St. Joseph
New Orleans
Louisville....*
Kansas
City
Memphis...
Galveston
Norfolk
Total Southern
San Francisco
Total all
Outside New York
68,470,870
65,892,015
40,137.781
8,545.700
4.180,013
3,440.186
1,700,630
2,477.552
2,003,165
1,168,620
2,380,349
3,124,031
2.031.100
2,640,413
500,106
590,016
41,533,707
+-16-3
8,300,900
3,7(>2 927
+2-0
+13*1
+ 18-8
+4+8
2.890,220
1,202,004
2,015,040
1.545,104
70+0OS
1,880,517
2,778,129
1,54<>,073
2,006,038
410,895
728,540
+39
-53
+-3.V5
+52*0
+20-2
+12’5
+3+s
—1+0
+ 11+1
-19-0
1,005,210
240,333
+155
50,850,317
+37*1
+ 1+7
+10 9
+32-0
+02-3
+18-4
+55-3
+303
+23*2
+51
+31-0
+4-2
+ 331
+ 10-7
84,115,430
73,042,437
+15-2
103,043,457
+20-4
15.407,874
1,238,020
10,217,129
3,009,892
5,405,510
13,049,512
1,052.830
0,315,000
3,340.401
5,408,137
1,005,823
1,451,783
804,590
+133
17.943.217
1,031,0:18
10,647,170
4,088,001‘
0.V120.O05
3,080.088
1,420.107
1,281.500
+25*1
2,424.587
1,240,470
007,250
—0-0
+2+5
—14-0
+12-8
+41-8
+0-0
+ 42-1
—0*9
+12*9
47,032,270
+152
15,455,402
14,710,888
+5*0
17,108,890
+ 2+5
278,778,515
283,378,705
-1-0
880, Ri 1,734
—1*1
337.505.253
-t-10* L
For December the total
exchanges show a decrease from
the figures for the
preceding month, and contrasted with
December of last year record a loss of 16‘8
per cent. For
the full year the gain in
comparison with 1886 is 3*8 per cent
the aggregate and 13*3 per cent
excluding New York,
4.005,215,231
+7-1
227,688.200
86,985,070
7 0
2*7
S
400,636,052
436,503,185
4,007,820,083
4,030,470,435 +7*3
Philadelphia..
Pittsburg
273,721,165
47,231,335
52,606,135
285,067.681
42,572.62V
56,158,54
3,194,481,172
2.912,708,360
373,018,6251
383,70S,860
4,301,838,345 3,038,257,625 +10-8
275.133,250!
47,988,000
21.115,083
19,0! 10,479
0,421,212
14,124,842
10,321,401
5,800,249
13,473.316
20,413,791
10.215,495
17,225.780
2,0.01,^20
3,502,142
240,305,710 +10-5 2,969,216.211
40,477,350 —3-01
562,201,200
19,778,688 +6-7
220,784,830
10,257,^32 MOO
100.0*5,022
7,5 i5,107 +22-2
95,428.265
13,878.651 + + 1*
163,043,873
8.408,231 +2.5-8
112.585,530
4.6! 4,792 -f-27‘6
58,"85,921
10.785,453! + 240
14 ..371,892
Tot. West...
470,735,050
St. Louis
St. Joseph....
New Orleans..
Louisville
Kansas City...
80,500.059
6.827,308
25,177,050
31.560,488
Memphis
12,30-,067
Tot.Middle..
Chicago
Cincinnati
Milwaukee
Detroit
...
Indianapolis...
Cleveland
Columbus
Peoria
Omaha
Minneapolis...
Denver
St. Paul...
Grand
.
..
Rapids.
Wichita
Galveston
Norfolk
3-,,031,208
—0>
511.010.7* >1
050,346,172
+9-7
409,155.367 +24 0
616,303,808 +7 0
+5-4
2.026,310 +2S-4
2,987,602 + 17*2
]17.4VfO,(l43
205.012,123
27,740.217
49,503,157
426,847,43: +10-3
5,120,505,081
4,347,605,050 +17*9
894,527,731
71,5V 3,301
431,482,782-1,109,503
39'>,900.780
101,177.377
63,48+033
41,580,021,
810,705,062 +103
17.407,355! + 10-7
7,011,119! +28-6
196.150.501
10.34 <,307
74,850,837
+7-8
5,731,145 +10 1
51,027,0001 —5-3
22,426,208;-H 2-3
31.012,7031 -t + 7
11.712,101 i +5S
6,64+764
8,700,210;—24'4
4,040,017! +-1-6
5,020,381
Tot. South...
219,850,27+
213,025,341
San Francisco.
74.531,358’
72,392,033
Total all
88
58,724,305
53
47,793,118
44,362,020 +8 0
+22*5
42,67+230
27,025,252 +14*5
2,601.762,912 + 14-0
512,708,510 + 9 7
106,335,616 +155
165,798,050 +105
67,071,650 + 42*3
12Vf 813,633 +25 6
02,070.504 +22*3
40,011.511 +437
03,8tV6,422 + 57 0
18-7
164,301,748
85.601,537 +37*2
152,954,315 +340
21.42S.206 +208
10,000,016 +148*
51,712,254
|
•
48,304,387 +47 9
388.487,905
233,202.502
2-3.u41.062
82,642,103
71.161,351
50,071,206
Outside N. Y. 1.545,372,265!
Operations
on
+11-7
+20*5
+-37*7
+22 3
—10-7
+7*8
+2‘8
2,2 75,8 >6,133
1,057,780,328 + 10-3
+30
820,181,030
612,221,392 +29*1
4,285,702.443 5,152,448,403 -16-8 51,051,818,743 40,193,201,051
+38
1.533.467,798; +0*8J 17,507.202,475! 15,51+431.439 +13' 3
the New Y'ork exchanges for twelve months
compiled by us, have been as follows :—
in 1887 and 18S6, as
7'nhlre months, 1887.
Description.
Quantity|
Stock 5 Sh’r’s
*
^
j
Par Value
or
84.914.610
val’e $7381437450
RR. bonds...
Gov’t bonds.
State bonds.
Bank stocks.
Actual
Value.
14509778S90
Twelve months, 1880.
Aver'ye
Price,
j
01*1
$347,127,330 $292,413,287j 84*0
$7,110.400|
$8,450,672 118 0
$5,904,616’ 30 0
$15,306,800;
$1,911,200
$2,336,520 122*2
Par Value |
Quantity;
or
100
$8973, 374*87 m
$4817040094j
! $8001
Total value
Actual
Value.
Aver'ge
Price.
158656622°o
°5*6
$587, +3?’..>o6 $400,670,111 84*6
$12 ,703.500
$15,433,131 120*7
$20 304.41U
$7,313,158! 35 0
$2, 140,7151
$1,082,587 ; 02*2
Total
$7752891160;
62*1 ! $0505,050,003
Petr’l’m.bbls 1250,116.000 ! $840,761,701; 67 2 3c. $2312 705,000
Cotton, bales
28.045,500 *1461478,810’f 50-40 |
33. 304,100
Grain...bush 2107,250,530 $1771678.250:84 l-14c 1,800, 154,388
868,761'
$6107061,187! 60 8
$ 1083001.350 72 8-10o
$1087541,82 i$40-00
$1578200,259 33^ c.
,10750554.616!
We
give below our estimate for the week ending January
on the five-day telegraph returns, and ic indicates a
decrease compared with 1886 of about 19*1 per cent.
7, based
by Telegraph.
Week Ending Jan. 7.
1888.
$
484,607,700
New York..
Sales of
Boston
Stock (shares)...
(440,393;
80,640,300
Philadelphia
+9 3
-4*9
-0*6
Tot. N. Eng.
Lowell
1887.
Week
P. Cent
-50
37,117,142
809,051,021
33,484,550,268183,670,829,612
4,387.754.275
244,071,10 >
80.327,810
63.887,363
50,343,201
48,331,185
52,274,682
7,399,074
4,255,738
....
+375
40,571,251
769,002,806
P.Ct.
4.410,431
2,709.361
Springfield
Eeturns
+17*7
+0*7
+7'8
1886.
+38*3
84,555,200
11,193,150
4,35 <,825
4,253,041
2,370.431
3,325,420
2,306,831
1,300,076
2,770,203
4,015,305
2,224,537
3,599,92>4
558,823
708,464
2,05V).420
202,894
1887.
5,104,277
4,410.ISO
3,876,924
4.132,930
2,500,551
q,
Chicago...
387,750,441
21,103,200
7.411,005
5,176.108
5,414,830
+100
901.000
•
f
+ 0-2
P.Ct.
$
354.085,7891
23.171,800
Hartford
New Haven...
Portland
Worcester
Baltimore
RETURNS.
I
2,740,3,. 0,178 ?,018,980,010 -24-3
Boston
Providence...
(WILLIAH H. DANA & Co., Publishers,
102 William Street, NEW YOKK,
CLEARING
New York
Sales of—
(Stocks
New York
Twelve months.
1&S0.
*
$10 20
European Subscription (including postage)
Annual subscription
Six Mos.
do
NO. 1,176.
December.
For One Year (including postage)
For Six Months
do.
wttttatm
UNITED STATES.
50,94 4,724
10,488,211
Baltimore.,
Chicago
St. Louis
47,927,400
14,700,235
New Orleans
11,055,843
\ 709,373,610
Total, 5 days
Estimated 1 day
Total full week...
Balance Country*
Total week, all
*
1887.
P. Cent.
$
—30 0
(-68-6)
+5-3
-60
—27 7
—13-3
-155
+1*0
375,788,753
(654,983 i
(—487)
40,402,945
-203
39,191,702
7,983,050
30,500,000
-21*2
-28 0
-175
-4*9
12,304,877
8.010,175
-14*0
529,181.502
153,402,387
+8230
-9*9
010,497,770
144,244,844
-24 0
849,500,637 1,084,742,02 5
115,062,438 107.604,741
-21 7
d84,6-13,940
83,047,362
—0 3
+ 09
904,503,275 1,102,347,364
-19-1
700,091,311
-4*0
140,127,218
.
$
701,441,610
(1,401,164)
70,600,195
64,364,702
14,508,842
55,285,000
17,400,575
10,881,486
End’g Dec. 31.
-2'8
i'ui the XuR week, ba«ed oa tot week’* *etuxaa.
-25*9
+30
THE
2
CHRONICLE.
[VOL. XLVI.
THE FINANCIAL SITUATION.
Why money at this centre has been growing easier in
December, we have indicated in our remarks with regard
towards easier money this week.
to
that market and in our figures of changes in currency
Not that rates have
declined materially as yet, or that banks and other money holdings by the banks from week to week during the
lenders scrutinize collaterals any less carefully; but money month.
The relief as our readers know came wholly
is flowing in from many sections of the country with only from Government surplus disbursements.
In fact had
a small counter movement, so that bank reserves are
not the Treasury paid out much more than it received,
increasing quite rapidly. We hear, however, that Ihe the money market here at the turn of the year would
demand for accommodation is active; and that fact, have been liable to a
very severe spasm.
Similarly also
the
together with the uncertainty as to Government accu¬
Treasury disbursements must have relieved other trade
mulations, have kept rates pretty firm up to this centres; that is to say the monthly statement indicates as
time.
But if stock speculation continues tame as much.
This is shown by the following which is our usual
at present, it seems as if there must be a decline
summary of Government currency holdings on the first of
to lower figures soon.
Bankers’ balances have loaned at January and at previous dates.
3 and 6 per cent, averaging about 5 per cent.
Banks V. S.Treasurer’s
November 1, December 1
Jan. 1,
July 1,
July 1,
continue to ask 6 per cent on call, though some of the net holdings of
1880.
1887.
1887.
1887.
1888.
trust companies have lowered their rates to 5 pf.r cent- Gold
1156,793,749 $180,875,609 $202,859,83' $211,880,526 1208,008,130
Silver
In time loans on stock collateral there is very little doing*
90,229,539
51,759,939
45,294,753
73,348,425
58^.83,571
U. S. Notes
20,013,797
16,318,220
22,808,317
15,261,007
15,424,425
Commission houses can at present get all the accommcda*
Bank Notes....
149,014
197,040
118,403
156,818
164,093
tion they need by borrowirg from day to day, with the
Frac’nal3ilver*
29,282,496
24,519,536
24,208,274
24,383,290
27,094,192
prospect if they wait of obtaining easier rates than those In Sub-Tr’sur’s
1305,323,115 $307,529,129 $300,980,824 $304,283,302 $293,874,091
at which they could borrow on time now.
About the In deposl’y Bks 14,435,199 22,991,302 31,767,478 42,428,671 52,199,918
middle of the month there are a good many time engage¬ Grand total....
$319,758,314 $330,520,431 $332,748,302 $340,714,033 $340,074,009
ments maturing, and it is anticipated that when they faU
Including minor coin.
due they can he renewed at lower figures.
Note.—Trade dollar bullion, of which the Treasury now holds $6,729Commercial
230, we make no account of, as silver bullion is not currency, and works
paper is in better demand and there is also a more liberal
change in the volume of the circulation, whether it is in or out of
the Treasury.
We include, however, in each case the small item of silver
supply. Some of the city banks are in the market. The bullion incorporated in the Treasury statement of net silver holdings,
since if
changed the ottieial figures it might confuse some readers.
ruling quotations are lower, 60 to 90 day endorsed bills re. As the bullion
carried is always about 5 million dollars, including it
does not affect the comparison.
ceivable being reported
to 6 per cent, but sales are
According to the foregoing it will be noted that the
chiefly at the last named rate. Four months acceptances
amount
of currency in sub-treasuries at the opening of
are
6@6£ per cent, and good single names from four to
the new year was only $293,874,691; whereas on the first
six months to run are 6£@7£ per cent.
of December the same total was $304,285,362, or a de¬
In Europe money is getting to be very cheap.
In Lon¬
don the open market discount rate is now 2£ per cent, crease of $10,410,671, all of which went into the channels
though the Bank minimum remains at 4 per cent. At of commerce. Besides that there were $2,785,000 silver
Paris the rate is ‘2f per cent, and at Berlin it is 2 per¬ dollars coined, for which certificates were issued, also
The higher money at Paris is due to the failure of a something over 1^ millions foreign and domestic gold
cent.
large operator on the Bourse Thursday. The easier money bullion made available. Hence, without counting frac¬
at London and Berlin probably in part rt fleets & more tional silver we have about 14£ million dollars (less
pacific political situation and in part a little less activity $1,480,907 contraction in bank notes) added to the cur¬
in business, while a tendency to easier rates is a natural rency in the hands of the banks and' people during De¬
condition at this season of the year.
We learn by our cember by the operations of the Treasury. Of this
special cable also that there has been this week an import amount the New York sub-treasury figures show that not to
into Great Britain of gold from Australia of £202,000. exceed 4 million dollars net went into the banks of this city,
Previous
to
this import there had
been received so that the remainder of the amount must have been dis¬
sub treasuries, through Government
at London from Australia during the whole of 1887 only bursed at other
£320,396. Very possibly this arrival may have had some transfer orders obtained by our city banks and otherwise.
These are significant facts.
influence on money, especially as the Bank of England
Consider for a moment
what would have been the condition of money and com¬
reports a large net increase in bullion, being for the
week £245,000.
This increase is due, as we are advised merce had the Secretary neglected or for any cause omitted
by cable, to an import as stated from Australia of or been unable, even during that single month, to put out
£202,000 and receipts from the interior of Great Britain this currency. It will be noted above according to the
of £123,000, decreased by an export to Germany of final total (which includes money in depositary banks as
£80,000. The Bank of France lost £578,000 gold during well as in sub treasures) that there has been no material
the week and the Bank of Germany reports a loss of change in money holdings of the Treasury during Decem¬
about £357,000.
These late losses by the Bank of Ger ber—the amount held on January 1, 1888, being $346,074,609, and on December 1, 1887, $346,714,033, or a
many are supposed to reflect shipments to Russia.
decrease
of $640,000.
In other words, these cash items
Our foreign exchange market opened the week dull, but
firm.
On Wednesday iliere was a change, some of the show receipts only $640,000 less than disbursements dur¬
Canadian banks having advanced their rate for l ;ng ster¬ ing December.
If, therefore, M \ Fairchild had pursued
the ordinary course and not aYAiled himself of depositary
ling. This was said to be caused by a demand for this
class of bills, encouraged by low rates for discount in banks, he would within the month have
added to
bank
reserves
$610,000
instead
of
into
them
London and also by the scarcity of commercial drafts.
putting
It is scarcely necessary to
On Thursday there was a further advance of half a cent ten and a half million dollars.
state in what condition that would have left the New York
per pound for both long and short by the Canadian banks,
and also of half a cent for long by Messrs. Brown Bros., banks.
They held at the close of the year only $8,559,the leading drawers, the market closing that day firm at 150 surplus;
hence the presumption is that they
would
have
lost
more than all their surplus reserves, for
$4 84 for sixty days and $4 87 for sight, and continued
we may assume that the
the same, with cut change in tone or rates, yesterday.
whole difference would have
There has been
a
further and
more
decided movement
.
*
no
we
so
„
-
January 7,
fallen
1888.]
THE
CHRONICLE.
them, since if the interior bauks had not supplied
their wants in part through the Treasury they would have
had to supply them from this centre.
We cite these facts
on
simply to bring again to the attention of our legislators in
Washington what a constant menace a surplus of revenue
is to our industries. No merchant, no banker, no investor
can to day, without solicitude,
engage in any undertaking;
and so long as this source of anxiety is unremoved, it will
continue to be a check on enterprise.
The facts we have
cited make that
3
issued; the company has been reorganized on a lower basis
of interest charges, and the
complicated and disputed
accounts with the Reading completely adjusted, the
latter
alone being an important achievement.
With reference
to the
reorganization, our readers know that it has been
effected through the issue of a new general mortgage 5
per cent loan, and it is interesting to note that thus far
$22,382,200 of old bonds have been converted or exchanged
into the new mortgage, and that the total
saving in
charges now amounts to $335,000 per annum. The
finance committee of the railroad, with Mr. E. D. Adams
as chairman, is
entitled to considerable credit for the
success attending this conversion of the debt.
Altogether
the Central of New Jersey as delivered over
by the
receivers, enters upon a new existence with very flattering
obvious, and show the urgent need there is
large reduction of taxation. Even a
little lack of foresight or mistaken judgment on the part of
the Secretary would any month throw our entire industrial
machinery into confusion. It is in every way wrong to
put such a responsibility upon or power into the hands of
any Government officer.
Tne long continuance of this conditions and prospects.
strain is making our people very impatient.
The Reading miners definitely
quit work this week,
Some alarm has been expressed lest these accumulating
and to the army of strikers in the
Lehigh region must
now
be
added
another
and
still
moneys in depositary banks, reaching, as will be seen,
larger army in the Schuyl¬
52 million dollars on
kill
January 1, may, when drawn
region.
The important point, of course, is as to the
effects
of
the
against by the Secretary, cause disturbance. We think
strike, and this depends upon whether it is
anxiety on that account i3 wholly uncalled for. Mr. to be prolonged or not. The Reading Company has the
Fairchild can be trusted to disburse these moneys in a advantage of the miners in
being in excellent financial
manner vhich will make the movement unnoticeable.
It condition, and therefore able to hold out indefinitely.
is not at all a difficult task.
To realize that, one need The miners, on the other hand, will have to rely upon the
only bear in mind (1) that $1,100,000 is the limit in the assistance of their brethren in other districts, and, con¬
amount left with any single bank;
(2) that in New York sidering the number of those on strike, this assistance
City these deposits at present do not exceed $12,000,000 cannot long prove adequate to the needs of the miners.
altogether; (3) that when any partis checked out by the H nee circumstances would seem to favor an early end
Government it will simply be for Government disburse¬ to the struggle.
But whether the strike be long or short,
ments and will not be taken out of the banks, but
its
effect
in
pass
reducing supply is going to be less important
from one bank to another like any other deposit; it will than generally supposed.
Both the Schuylkill and the
remain in the channels of trade all the time; (4)
the dis¬ Lehigh are heavy producers, but the Wyoming region
tributing of it will be a slow process anyway,and can be so turns out more coal than both combined, and there opera¬
timed and apportioned among the institutions holding the tions continue in full force.
The Wyoming in 1886
as
funds
not to cause the least commotion.
We cannot furnished 53 per cent of the entire output, the Lehigh
therefore see in that deposit item enough material to having contributed 17*81
per cent, and the Schuylkill
make even the faintest outlines of a bugaboo.
29T9 per cent.
But this is no indication of what can be
According to previous anangement, both the Philadel. done under pressure.
Tne Wyoming includes such
phia & Reading aud the Central of New Jersey were important producers as the Lackawanna, the Delaware &
taken out of receivers’ hands with the beginning of the Hudson, and the
Pennsylvania Coal, which mine only that
year.
In the case of the Central of New Jersey the event kind of coal, while the Central of New Jersey and the
is signalized by the publication by the receivers of an ex
Lehigh Valley also produce considerable, and the Erie
ceedinglv interesting account of what has been accom¬ likewise has Wyoming. In November, with the Lehigh
plished by them with the aid of the board of directors miners idle, more coal was produced by 108,553 tons than
and the reorganization committee during the interval of in the same month of 1886, with the Lehigh men
at work.
the receivership.
We give the statement in full in our As an indication of how, under the stress of necessity, inacti¬
investment department, though it occupies several pages,
vity in one section will cause especial endeavors in another,
and those interested in the property will doubtless examine it is to be noted that in that month the Lackawanna in¬
it with considerable interest.
Tne receivers are certainly creased its output more than one-third over the same
able to make a very flattering showing.
With the co¬ month last year, or from 529,108 to 717,541 tons, while
operation of those interested in the property, they have paid the Delaware & Hudson increased from 349,844 to 444,586
off the fl mating debt and also all the interest in default, tons, the Pennsylvania Railroad from 312,204 to 366,528
the latter having amounted on January 1, 1887, to $1,661,
toDS, and the Pennsylvania Coal from 146,528 to 177,374
For purposes other than operating expenses and tons. Even the Central of New Jersey, whose product ordi670.
fixed charges, we find they paid no less than $2,452,393, narily consists of one half Lehigh, managed so far to offset
this covering $566,053 of back taxes, $860,000 of in¬ the falling off from that region by a gain from the Wyoming
debtedness under the old receivership, $325,750 in payment that it lost only 70,669 tons from its total of 498,142 tons
of car trust certificates, and various other items.
At the in November, 1886. Another point is worth noting. In
same time the receivers so
managed the property that, January, the Western demand having been satisfied, and
though the road suffered from a strike of the coal handlers water navigation being in great part closed, the coal out.
in January, February and March, and again in September put is never large. Tnus last year it was only 2,243,312 tons.
and subsequent months from the strike of the coal miners— But in November 2,597,582 tons were produced entirely
its revenues being greatly dimmished as the result of both— apart from the 788,608 tons mined by the Reading. Hence
yet in the face of these obstacles gross earnings during the the report that there is no reason to apprehend a coal
ten months ended Oct. 31 were increased
Of course
$817,893, and famine would seem decidedly well founded.
net $795,548.
some
of
the
But these are by no means the only mat¬
manufacturing industries along the line of the
ters accomplished.
The property and all its appurtenances Reading will be incommoded, but even here coke and soft
has been kept intact ; no receivers’ certificates have been
coal will in some measure afford substitutes.
for
an
immediate and
*
The
the
CHRONICLE.
THE
4
come
The stock market this week, thougua trifle irregular?
continues much
heretofore, but the returns of net that have has, on the whole, shown a firm undertone. The develop
course
same as
[Vol. XLVI.
of railroad gross earnings
in this week
tomed to of late.
better than we have become accus¬ ments of the week were rather ul f v arable. The con¬
Chief among these latter is the Chi¬ tinued cutting of rates in the West, tt« strike of the Read
are
Burlington & Quincy, which for November shows a ing miners, and the rise in foreign e xchange quotations,
slight improvement in the net, against heavy decreases in have all been temporary adverse i o ors. On the other
the months immediately preceding.
The Oregon Rail¬ hand, the continued good reports n g >ss earnings, with,
way & Navigation, too, which previously has had rather as noted above, quite a number ot m proved exhibits of
unfavorable returns, now for November has increased its net, the disposition to regard pru• - of stocks as being
net from $224,793 to $358,975, though it is only fair to low, the easier condition of the me
y market,.the large
amount of January interest and div..ierd moneys to be
say that the comparison is with a very poor month in
cago
1886.
The
Union
il&r in character
favorable indeed.
makes
Pacific
an
exhibit
sim-
its previous returns—that is very
The Louisville & Nashville, the AJle.
to
gheny Valley and the Ontario & Western are some other
roads with good exhibits. In fact, out of the seventeen com¬
panies that have furnished figures for November this week
only three show smaller net than last year. The New
York Central on Saturday last issued its preliminary
statement for the quarter ending with December, and here
the
same
feature is observable
as
in other recent
periodsf
namely a very heavy increase in expenses, a gain of
$968,000 in gross being accompanied by an increase of
$931,000 in expenses, leaving the net but slightly changed.
With regard to the statements of gross, our summary for
the fourth week of December on another page makes a
gain of 12f per cent on thirty-nine roads. The December
returns are not all favorable,
but in those cases
where
the
decrease
is
heavy there is usually
some special circumstance to explain it.
Thus the Texas
lines have suffered from bad weather and floods, making
it impossible in some cases to move cotton owing to the
muddy condition of the roads, and the effect is seen in the
earnings of the Houston & Texas Central for the second
and third weeks of the month, where there is a falling off
of nearly one-half as compared with last year.
On the
reinvested—these all tend to
keep thu market firm, and
improving tendency is noted, in which oparators?
are more inclined to buy than to sell.
There has been
considerably more business in railroad bonds, generally at
advancing prices, but that is the only particular in which
the general public has shown any interest iD speculation
the dealings in stocks as heretofore being confined almost
entirely to the professional speculators.
[ 7 he tables usually given at the end of this article will be
found this time in another department of the paper on piges
hence
an
24 and
25.]
NOTABLE FEATURES IN THE FAILURES OF
1887There
are
some
facts
calling for special notice in the
record of mercantile failures which
we
give in full on
a
sub¬
One would call the year—
the whole twelve months—a pretty
good one from an industrial point of view. During the
first half of it prices of all commodities were wt 11 sustained,
the quantity of goods marketed being immense, while
during the last half production did not decrease, though
in many
departments prices gradually grew less
satisfactory.
And yet notwithstanding such condi¬
tions prevailed, the record of failures gives the remarkable
Mobile & Ohio the decrease for the month is due to results of (1) larger liabilities than during either of the
various causes—lower rates, the opening of some new two previous years, and (2) number of failures very full
lines, and an earlier movement of cotton. This road, by compared with the previous record.
the way, is to be congratulated in having
vices of James C. Clarke, at one time
obtained the
ser¬
President of the
Blinois Central system. Mr. Clarke will be Vice Presi¬
dent and General Manager of the Mobile & Ohio, and
entered upon the discharge of his new duties on
January 1. Of course Mr. William Butler Duncan will
continue President of the road.
The Louisville & Nashville Railroad management has
been applied to by some of their London stockholders to
pay
dividends for the present and two following
stock.
years in
About two-thirds of the share property of this
sequent page for the
take the average of
past year.
On this latter
point, number of failures, it is quite note¬
worthy that there has been no very essential drop since the
last cycle of business activity began.
In that particular
there is not another period like it during the whole time
Messrs. R. G. Dun & Co. have issued their very valuable
reports. For instance, going back no further than the
revival of 1879—it will be found that in the previous year
the number of failures reached 10,478 and for the three
years previous to 1879 the number averaged 9,480; yet in
the latter year they at once dropped to 6,658, and next year
(1880) to 4,735, while for the fo^r years ending wi h 1882
they averaged only 5,928. After that, theperod of con¬
traction and liquidation tet in and the increase was rapid,
being for the years since 1S82 as follows—in 1883 they
were 9,184, in 1884 they were
10,968, in 1885 they were
10,637, in 18S6 they were 9,834, and in 1887 they were
9,634—making the average number of casualties for the
five years 10,051, in spite of the trade recovery which
began with July, 1885, and has continued since.
is held in London and Amsterdam. These for.
eign holders, having noticed for some time past the com.
pany’s large surplus,have been making inquiries in regard to
dividends.
On a subsequent page to-day, under the title
Reports and Documents,” will, be found a memorial
from a large number of the London owners addressed to the
managers of the company, which is exceedingly moderate
in tone and friendly in spirit
TUeir application is under
consideration by the Louisville & Nashville Board, and it
In the feature of total liabilities the recent revival of
would appear to be quite reasonable that they should grant business is more distinctly marked, but not by any means
the request.
It is only proposed that, instead of paying as clearly so as in previous revivals. Thus with 1879 the
cash dividends, the company in the current fiscal year drop in this item was to $98,149,053 from $234,383,132,
ending June 30, 1888, and two following ytars, may use and for the four years from 1879 to 1882, both inclusive,
its surplus income for betterments, and pay to its stock¬ the average liabilities were only $86,651,137.
The next
holders common stock at par in place of paying cash. year (1883) severe depression set in and the total went up
There would be nothing in the nature of stock “ watering ’» to $172,874,172, and in 1884 to $226,343,427 ; then for
about it, but simply a division of stock in lieu of a cash two years it was considerably smaller, but the lowest was
in 1886, when it touched $114,644,119; yet now (1887),
dividend which had been earned.
company
“
January
THE
7, 1888.]
5
CHRONICLE.
notwithstanding the good year’s business, it has not only diverted the funds of the institution to speculative pur¬
risen again, but has reached the very large total of $167,- poses.
This is only one case among quite a number, for
560,944. Such figures do not accord with or look very like the collapse of banks, National, State and private, has been
real or unmixed prosperity; that is to say they represent a feature of the events of the past twelve months.
a marvelous waste going on for a period of active, profit¬
And how many individuals and firms have been crippled
able production.
Suspended accounts in the amount o;: by reason of these occurrences, and succumbed as an indi¬
167£ million dollars in one year and a casualty rate which rect consequence, it would be impossible to determine.
strikes out in 1887 on the average 1 in every 103 persons
But we are inclined to give even more importance, as
in business throughout the whole country, and for the three an influence affecting the number of failures, to the small©1
years ending with 1887 takes 1 in every 95 persons, no margin left now-a-days for net returns to the merchant
one would cite as evidences of robust commercial healthThis is acknowledged to be the con¬
and the manufacturer.
This anomaly we are unable to explain on the basis o ? dition in almost all trades.
It is only the mill well situ*
increased number of individuals and firms in business- ated, intelligently managed, with modern machinery and
There is a growth in that item every year, but in 1$87 abundance of capital, that is able to earn its dividend with
it was smaller than usual, the
increase being only regularity. So also with the merchant—he needs good
24,440 over 18S6, against an increase in 1886 over 1885 credit, large means, immense sales and the closest watch •
of 49; 851.
Besides, the proportion of failures to the num* fulness to secure a profit. All this tries the trader in a
ber in business is large, as we have already pointed out. double way—it gives .him very little room for average
To further illustrate that fact we give the following state* losses while calling for more intelligence or judgment
ment showing the number of persons and firms in business’ than
formerly in conducting business. The latter require¬
the number of failures, and the proportion of failures to ment bears with special force on the new additions, for
the number in business, each year since 1SS0.
any man can go into trade, whatever his qualifications,
whereas new comers are very apt to be inexperienced and
Pacific,
Eastern. Middle. South’rn Western
Year?.
Total.
&c.
venturesome; and with the narrower*limits prevailing
18S7.
making the test of survival so much more severe, a worse
392 733
Number in business...
150,492
69,557
102,232
279,267
994,281
iesult than formerly of the weeding-out process ought to
Number of failures..
973
2,345
2,224
1,144
2,648
9,634
1
1
in
119
l
68
in
133
1
in
1
in
1
in
72
in
103
88
Proportion of failures..
cause no surprise.
..
1886.
Number in business....
100,675
Number of failures
1,110
1 in 91
Proport ion of failures..
293,862
2,271
142,014
2,349
369,763
1 in 130
1 in 61
1 in 120
261,564
142,175
358,619
2,498
2.846
3,302
63,527
1,013
3,091
1 in 62
969,841
9,834
lin 98
1885.
Number in business
Number of failures
00,414
1,263
....
1
Proportion of failures..
in 78
1 in 105
1
in 61
1 in 109
61,218
1,250
1
in 50
919,990
10,637
1 in 86
1884.
Number in business....
92,381
278,093
142,894
336,910
Number of failures....
1,375
2,592
2,291
3,369
54,481
1,341
Proportion of failures.
1 in 67
1 in 107
1 in 62
1 in 100
1 in 41
90,331
262,021
2,136
135,159
1,844
322,877
53,605
1,046
1 in 123
1 in 73
1 in 109
248,742
1,667
126,281
308,485
1,950
50,059
1,618
731
822,256
6,738
1 in 114
1 in 149
1 in 78
1 in 151
1 in 68
lin 122
87,325
241,373
118,606
781,689
1,372
1,439
291,349
1,504
43,086
772
465
5,582
1 in 176
1 in 82
1 in 194
1 in 87
1 in 140
85,774
237,062
109,821
746,823
1,472
633
275,672
1,171
38,404
723
1 in 118
1 in 161
1 in 131
1 in 235
1 in 72
904,759
10,968
1 in 83
Number in business....
Number of failures.
1,197
..
1 in 75
Pioportion of failures..
2,961
1 in 51
863,903
9,184
1 in 94
1882.
Number in business
88,689
Number of failures
772
Proportion of failures..
1881.
Number in business....
Ncmber of failures..
..
Proportion of failures..
lin 113
1880.
Number in business
Number of failures..
...
..
Proportion of failures..
In the above
534
4,735
1 in
158
have the
proof of the statement made
that not only is the number of casualties large, but the
proportion also is larger. The best years of the previous
period of industrial activity gave a far belter record. For
instance in 1880 the proportion for the whole country was
only 1 in 158 and in 1881 it was 1 in 140, whereas
in 1886 it reached, as already stated, 1 in 98, and in 1887
was
1 in
we
l(ife.
With such results
as
these it
seems
difficult to find any
from the conclusion that the risks of business
increasing. The extra risks might come from greater
venturesomeness or from smaller profits.
Perhaps both
of these suggestions have eome truth in them.
Most cer¬
tainly the speculative tendency has developed in recent
The growth in facilities and opportunities for
years.
such dealings through the purchase or sale of futures in
almost every kind of produce, is an evidence of it.
Per¬
haps we may assume, therefore, that merchants and bank*
ers do to a greater extent than formerly take part
in
escape
are
chance
operations.
Some of the more prominent failures
in that direction. We Have
of the doors of the Fidelity
of the year appear to point
as an illustration the closing
Bank in Cincinnati in June
An examination
and study of
the records of bank
clearings always reveals interesting results, and this time
investigation offers a greater number of features and
suggestions than usual. We have just closed a year of
the
activity. Whatever may be said of the
margin of profit or the course of prices, there can be no
great industrial
doubt that the volume of business was
1883.
it
CLEARINGS AM) SPECULATION IN 1SS7-
after thoso in control had
of
very
large pro
We mined more coal and produced more iron
greater amount of new mileage than ever
before in our history—the increase over the year 1886 (a
year of heavy aggregates) amounting in the case of the
first two items to 8@10 per cent, and in the case of the
new mileage to about
45 per cent—and yet the total of
bank clearings for the year is less than 4 per cent greater
than the year before.
To one unacquainted with the causes that have been at
work and the various factors and elements that enter into
and affect the totals of clearings, such a result might suggest
the reflection that perhaps, after all, business has not been as
active in the United States as current reports have led one
to suppose.
But when we come to analyze the figures and
find that in this city there has been no increase at all—
rather a slight decrease—and that outside of New York
the increase amounts to over 13 per cent, it is easy to see
that some special agency or circumstance of an unfavor¬
able nature has offset the increase in clearings arising from
the extension and development of trade and business at this
centre.
This view, too, is in harmony'with the reports of
arge earnings and heavy traffic by the railroads which have
3een one of the principal features of the year, and which
could hardly be explained on any other supposition than a
arge and active trade.
The agency which has served in part to obscure the
business activity these figures should reflect, is the ces¬
sation and absence of speculation on our Stock Exchange
!or which the late year has been so distinguished.
Ob¬
viously stock speculation is more quickly felt and seen in
clearings than are the operations and dealings connected
with ordinary trade.
Hence the fact that almost all
through the late year the stock market was depressed
portions.
and built
a
CHRONICLE.
THE
6
prices sinking lower and lower, has played
a very important part in
keeping down - the aggregates
of exchanges. It is hardly necessary to call attention to
the condition itself, for that is familiar to all our readers?
but the extent of the falling off is not so generally known.
Here is a statement showing the number of shares sold in
each year back to 1875, the approximate market value of
the sales and the average price per share.
With
and inactive,
New
at
a
[VOL. XLVI.
falling off of 1,377 millions in
York
embraces the
(remembering
use
of two
or
the stock sales
that each transaction
three, and sometimes even
checks) it is easy to see why the total of clearings
shows such a small percentage of increase over the pre.
vious year, notwithstanding the greater industrial activity
that has prevailed.
It may be well to note that railroad
bonds show a further decrease of 200 million dollars, the
value of the sales in 1887 having been only $292,413,287;
NUMBER AND VALUE OF'SHARES SOLD AT NEW YORK STOCK EXCHANGE.
against $4 96,670,111 in the twelve months of 1886.
!
i|
Vainest
Stocks,* Av’ge
Vainest
Stocks,* Av’ge|
]j
Taking, however, only the stocks, and considering each
Price (ap’roxim’te)
Shares.
Year.
Shares.
Prlcej(ap’roxim’te) i Year.
sale as representing on the average the use of 2£ checks,
09-00 $0,819,086,054
1887.... 84,914,010 61-1.
$4,508,778,899j ;1880.... 97,919,099
56-85
4,130,033,570 some important results are disclosed.
5,885,002,200: 1879.... 72,705,702
In New York for
1880.... 100,802,050 05-0
54-10
2,157,209,581
39,875,593
64-1
5,479,859,840. 1878....
1885.... 92,538,947
instance, after eliminating the stock transactions on that
52-20 2,601,280,512
1884.... 80,154,971 61-77 5,939,0CO,00o! 1877.... 49,832,900
basis, we have left a total which compared with a similar
it
53-40 2,132,050,483
1883.... 97,049,909 64-51 0,200,809,901 1870.... 39,920,990
total of a year ago shows a large increase (over 17 per
53*20 2,862,903,083
1882... 110,307,271 C6-12 7,689,453,436:11875.... 53,813,937
cent) instead of as before a small decrease. Treating the
1881.... 114,511,218 7T59 8,197,500,4031 ‘
aggregate for the whole country in the same way—that
Tile shares of stocks we take from tlie record kept by the Journal of
Commerce, except lor 1385, 1880 and 1887, which are our own compila¬ is, taking out the New York stock sales—we get instead of
tion.
an increase of less than 4 per cent, an
increase of m arly
t The values of sales are the figures made up by The Public, except for
more
*
1887, 1880, 1885, 1884 and a part of
1883, which are our own.
15-1 per cent, which of course puts a different phase on
According to this the sales in the late year comprised the matter. Disregarding New York altogether, stock
less than 85 million shares, against nearly 101 million
sales and all, we find an increase in the clearings outside
shares the year before.
The value of the sales was only of this centre of 13-2 per cent. In the following table
about 4F thousand million dollars, against about 5-J- thou¬
we present the totals
for 1887 in all these va1 ions ways
sand millions in 1886, the falling oil being 1,377 millions.
in comparison with similar totals for the nine years pre¬
A better idea of the depression prevailing, however, is ob¬
ceding.
tained when one observes that both in the number of
New York Clearings.
shares sold and in the value of the same the totals for
Per Ct.
Per Ct.
Clearings
Per Cl¬
Year.
2>6 Time s
1887 are the lowest of any year since 1876.
Total
1
Less 20; Times Inc.
The average
ine. or
or
nc. or
Clem inf's.
price is, of course, governed by the relative quantity of
high-priced and low-priced shares sold, and in recent
years the latter have been quite prominent; nevertheless,
it is interesting to observe that this average also is the
lowest since 1879, or $G1T per share of $100, though in
1884 it w?s nearly as low, or $61-77 per share.
In 1881
the average was $71-59.
The latter was the year of very
heavy speculation, and compared with the totals then
reached the
number of shares sold in 1887 records a de¬
Dec.
Stock Sales.
—o-»S $11,271,917,217
$33,484,550,208
14,711,155,500
33,670,829,012 +190
-9-1
13,699,649,600
28,152,201,330
14,84S,750,000
30,985,871,170 -172
15,052,021,902
37,434,300,872 -20-2
-50
19,222,633/00
40,910,955,031
1887
1886
1885
1884
1883
1882
+27-9
38,614,448,223 +32-1
29,235,073.829 +47-2
19,858,071,307
- 6 7
49,370,882.883
1881
1880
1879
1878
Year.
inf's Outside
New York.
Stock Sales.
—231
$22,212,009,021
+7- 4
18,002,074,112
14,452.551,7!0
10,137,121,170
21.782.275,970
-77
—51
—ISO
-5-9
20,418,700,007 -j-18-2
17,047,715,135 +IM-9
10,341,383,025 +945
5,318,173,952 -182
Clearings
Tnt.nl Clen.r-
Dec.
IN
TIIE
27,093,321,141
28,958,110,870
21,500,733.088
18,804,080,904
14,510,497,355
Dec.
+ 17-1
+31-2
-10-4
-25-9
-2P3
—4’6
+34-3
+14-1
+29-9
-3-2
Whole Country.
Per Ct.
Inc.
or
es-2^Time^ Per Ct.
New
York
Inc.
Per Ct.
Including
Stock Saies.
Inc.
or
whilo the value of the
Dee.
Dec.
Stock Sales.
sales has declined no less than 3,689 million dollars, or
+3"8
♦17,567,202.475 +132 $39,770,871,190 -t-15-4 $51,051,818,743
1887
+18-7
49,193,261,051
34,479,105.551 +24-3
15,U0,431,439 +16-8
from 8,197 millions to 4,508 millions.
From the follow¬ 1880
—58
-49
41,440,095,588
27,740,415,988
+2-1
13.287.s94,252
1885.
-J4-8
—190
44,006,044,373
-8-4
29,157,004,373
ing table giving the sales and values for eacli month of 1884
13,020,773,203
-14-8
51,043,495,073
35,091,470.771 —13-2
+3-0
14,209,IV 4,801
the last two years it will be seen that while the transac. 1883.
-41
-33
00.711,532,549
—1-2
41,487,898,959
13.794,577,518
1882.
+20-7
63,3717,200,200
42,918,434,193 +30-3
tions were small all through 1887, it was durii.g the last two 1881
13,900.317,317 +22*7
+29-7
49,089.848,223
32,942,123,088 +16-9
1880
11,375,400,000 +82"4
+38-5
38,526,473,829
quarters that speculation was especially stagnant, July and 1879
28,184.889,904 +253
9,290,800.000 --1-10-8
-0-0
-41
27.813.771.307
-0-2
22,405,597,355
1878
7,955,100,000
December recording the smallest aggregates since Juim
A further point the above statement makes prominent
1885,—that is, if regard be had to the par value of shares
sold; if the actual value of the sales be considered there is no is the heavy falling off in the clearings at New York as
total even in 1885 as low as those for December and July. compared with the preceding era of revived industrial
activity. Thus, as against the total of 33,484 millions for
SALES OF 3TOCKS AT TIIE NEW YORK STOCK EXCHANGE.
1887, the aggregate in 1882 was 46,916 millions, and in
1887.
1881 49,376 millions.
|
1880.
We have already seen that as
Values.
Val
Month. Number
! Number
compared with those years, there has been a heavy con¬
of Shares.
of Shares.
Actual.
Par.
Actual.
Par.
traction in stock speculation.
Still, while that accounts
crease
of about 30 million shares,
Dec.
or
ues.
t
Jan....
Feb....
March.
8,147,127
7,214,112
7,147,305
712,998,400
637,098,950
040,985,850
!
1
414,449,380 8,672,154
372,354,431 | 9,410,897
379,692,507 '10,152,078
1
1
790,083.975
818,717,825
853,773.952
t
570,301,697
587,469,315
608,511,278
1,997,083,200 1,106.490,378 28,235,129 2,403,175,752 1,766,342,290
472,410,410 | 0,410,551 584,107,700 370,762,373
804.299,750
1
0,560,087
003,803,800 371,187,053 0,039,303 603.092,350 422,796,926
Total 22,508,544
April...
May,...
9,407,679
June...
0,988,832
017,742,450
393,074.204
Total 23,010,598 2,025,840,00’ 1,230,077,073
7,111,197
654,423.225
452,180,030
20,101,051 1,841,683,2/5 1,251,739,329
45.525,142 4,023,529,200 2.403,174.051 48,390,180 4.304,859,027 3.018.081.619
473,268,225
305,374.473
5,007,843
409,020,300 200,597.521
July... 4,055.571
Auk.
6,388,154 547,471,250 312,804,173 5,045,0*5 470,150,425 305,537,106
8ept.... 7,384,208 029,050,500 391,287,300 8,530,041 749,103,700 470,130,000
0
mos..
••
Total 18,427.993
9
mos..
Oct
Nov.
Dec
..
...
Total
1,580.142,050
994,748,994
jl8.649,509 1,092,582,35n
1,< 87,047,699
03,953,135 5,009,671,250 3,397,923,045 67.045,089 5,997,441,377 4,105,129,318
8,300,235 703,725,075 447,102,723 110,738,718 979,198,200 018,444,154
7,490,200
5,164,980
040,890,850
427,150,275
20,901,481 1,771,700,200; 1,110,855,854
Year... 84,944,616 7,381,437,450 4,508,778,899
110,876,952'
399,505,127
950,581,825
204,248,004 ! 12,140,091 1,046,153,475
533,211,223
028.877,505
33,750,S6lj2.97d,933,500'|l,7S0,532,882
! 100802050 8,973.874,877
5,885,602,200
good part of the reduction in clearings, it does not
Taking out 2J times the stock
seem to account for it all.
sales, we get an aggregate of 22,212 millions for 1887,
which contrasts with 27,693 and 28,958 millions respect^
ively for 1882 and 1881, showing even on this basis a con.
siderable falling off. Altogether apart from the Stock Ex¬
change, howeve", the speculative spirit in those years was
very apparent, whereas in the late year—barring the
operations in, one or two articles—there was little of it
in New York or in the East generally, and during the
past six months there has been considerable hquidation in
for
a
progress.
Another feature
that
of note i s,
outside of New York the total of clearings is not only
of the above table worthy
January 7,
THE
1888.]
CHRONICLE.
7
MONTHLY CLEARINGS.
larger than in 1886 (13*2 per cent, as already stated), but
before. In fact, there have
when the total has not shown
growth. The development of the newer and remote sections
of the country of course tends steadily to enlarge the
volume of exchanges.
It will perhaps attract notice, how*
ever, that the present ratio of gain is not quite so heavy
as in the years 1879-81.
Thus while in 1885, 1886 and
1887 the increase was respectively 2T per cent, 16 8 and
13-2, in the other period an increase of 16-8 per cent in
decidedly larger than
ever
1879
followed in 1880
increase of 22-4 per cent)
and in 1881 by a further addition of 22-7 per cent.
Still,
there would seem no question that the recent period of
activity has covered a much wider circle. ' The South
certainly has had a larger share in it than at any former
time. In this we refer not merely to the increased
railroad construction, but more particularly to the de.
velopment and extension that • has been going on
in
iron
and
other manufactures,
and in genera^
industry.
There are very few clearing houses in theSouth—none at all in the great iron centre—and hence a
good part of the increased business in that section of the
country does not find representation in our totals. The
cities that do report do not all indicate this growth very
clearly.. At New Orleans the gain over the previous
year reaches 11*7 per cent, which is not particularly sig¬
nificant, especially as there was scarcely any gain at all
the previous year, while at Norfolk the gain is only 7*6
per cent, and at Galveston there is actually a 10 per cent
decrease.
But at every one of the points mentioned the
exhibit for the last quarter is much better than for the
full year.
Furthermore Memphis and Louisville furnish
much better indications of the new growth.
Here we
find in the one case a gain of 22 4 per cent this year
after a gain of 22*1 per cent the previous year, and in the
other case an increase of 20 5 per cent alter an increase
of 7*1 per cent.
The improvement is more note,
worthy at Memphis because that point has in some
measure also had the benefit of development in the West.
In the following we have arranged the figures so as to
indicate by geographical divisions the results in each
quarter of the last three years, thus covering in full the
period of revival since the West Shore settlement in July>
1885, as well as the half-year preceding that event.
was
Clearings Reported.
(000s omitted.)
New York
Total New England
.
Total Middle
To'al al1
.
Outside New York...
Third
Quarter.
$
*
8,272,638
8,7.-9,062
8,526,113
7.565,460
(
1885.
6,098,312
5,788,162
,
1887.
)
1886.
1,342,188
(1885.
r
1887.
1,126,746
)
1,056,042
1886.
931,315
769,483
621,422
1,046,079
972,202
792,627
794,651;
r
1887.
}
1886.
f1887.
J1886.
1885.
*
1,137,782
935,092
789,482
568,469
475,970
426,1(52
166,675
137,848
139,072,
1,103,511
932,229
1,129,355
1,062,6*0
924,893
1,333,320
1,041,078
1,253,202
1,118,058
898,186
888,262
555,353
460,111
1
Fourth
Quarter.
[
1,295,434
1,306,851
1,210,545
1,185.971
1,113,319
955,819
1,405,261
1,253,407
1,101,022
4,907,821
4,630,470
3,981,310
4,364,838
5,129,565
4,347,695
3,677,552
2,275,856
397,160
642,754
572,098
504,137
208,497
233,820
220,190
143,15(5
134,578
170,116,
191,102
148,221
829,182
642,222
562,345
1,957,780
1,692,723
51,051,818
49,193,261
8,942,942. 9,632,185 13,673,430 41,378,711
*1885. 9,130,154'
r1887. 4,129,812! 4,566,104!
1886. 3.637,653; 3,669,278 i
*
4,171,736' 4,699.610 17,507,262
3,772,663 4,436,837 15,510,431
3,031,842, 8,154.780! 3,113,544 3.926,344 13.226,510
This shows gains for two successive years
January...
February..
March
1887.
$
1886.
$
4,370.822,843 4,143,139,849
4-5-5
3,695,294,565
4,335,701,645
-1-0
3,848,019,<32
4,172,610,707
+3-9
1,408,130,783
1,222,010,794
1,499,393,100
12,401,879,053 12,163,709,648
P. Ct.
1
1.207,010,054 +11*1
1,102,511,291 +10*8
1,267,534,325 +18*3
~t-2‘0
4,129,540,743
4,513,017,992 3,610,313,360 4-25-0
1,480,146.532
May
4,299,625,922
3,610,281,542 4-19 1
1,508,857,535
June
4,541,691,332
4,014,080,050 + 13" 1
1,576,269,407
1,199,953,881!+25*7
1,279,917,154 +23*2
13,354,335,240 11,234,674,958 -818-9
4,505,273,474
3,0(59,209,447j+24*4
25,750,214,299123,398,444,606 4-10-8
4.023,900,785! 3.798.494.30b +5-9
July
August.... 3,843,054,732 3,649,962,010 +5-2
September. 4,070,793,467: 3,859,825,968 4-5-6
8,091,814,217
1,428,050.967
1,322,453,901
....
Total
6 month>
11,943.754,984 11,30s,282,890
Total
9 months 37.099.969,283
34,700,727,4%
4,693,214,001
-3-3
13,351,149.400 14,480,533,555
—7*11
4,53-,992,652
November.
December.
Total
4 50
3,037,650,570 +13-5
1,189.338,412+24-5
1,349,150,995
1,393,931,839
7,300,866,017 +19-0
+8-0
1,195,785,237 +12*8
1,254,026,211 +11-2
4,171,739,801
3,772,265,399 +10-0
4-8-6 12,800,554,018 11.079.131,416 +10*1
1,559,652.240 1.44 4,895,940 +7-9
4,527.384,375 4,640,871,146 —2-5 1,596,183.940 1,458,930,285 +9‘4
4,285,762,448 5.152,448,408 -10-8, 1,545,372.265 1,533,407.79s +0-3
October....
—
Tot. year' 51,051,818,743
49,193,201,051
4,700t0(>-, 157 4,437,300,023;
7
5*9
•4-38 17,567,292.475 15,510,431,139 fl3'2
As the
falling off in stock speculation was most de¬
December, so that month makes the worst com¬
parison of the year, there being a decrease of 16-8 per
cent, including of course New York.
But even outside
of New York the showing is the least favorable of any
month of the year, the increase being hardly more than
nominal.
The comparison, it short''d be said, is with a
very heavy total the previous year.
But in 1886 the De¬
cember aggregate outside of New York was larger than
the November aggregate, while in 18S7 it is smaller.
We have remarked above upon the absence in 1887 of
that general speculative spirit which was so noteworthy
and conspicuous in 1879-81, but in certain articles and
cided in
commodities there has been at
times,
stated, consider¬
as
able
activity and excitement during 1887. Wheat espe
cially was subject to speculative influences ouce or twice
in the year.
For this
the following record of the
transactions on our New York Produce Exchange will
It is un¬
possess more than the usual degree of interest.
derstood, of course, that the e transactions have very
little effect upon the totals of clearings, as they are settled
for on the Exchange.
The table includes flour, wheat,
corn, oats, rye, and barley and milt, and covers seven
reason
years.
SALES
FLOUR, WHEAT, &C.,
OF
AT NEW
YORK
PRODUCE
EXCHANGE*
[Two ciphers (00) omitted from the figures for Wheat, Corn,
Oats, Barley and Rye.]
■
Flour.
Wheat.
Corn.
Barl’y
Oats.
Bbls.
1st
quarter, ’87
“
’80
“
’85
771,495
051,792
870,915
2d quarter, ’87
787,455
’80
769,390
“
’85
828,830
886,098
’80
972,282
’85
882,814
quarter,’87 981,105
’80 1,016,910
’85
791,005
3d quarter,
’87
“
“
4th
“
“
3,420,813
3,410,374
Total 1885..... 8,373,504
Total 1884
3,560,093
Total 1883
4,046,985
Total 1882
5,160,465
Total 1881
5,198,390
Total 1887
Total 1880
!
Bush.
Bush.
Bush.
i
Bush.
389,194,1
254,788,2
329,043,0
50,177,0 19,502,0 1,3)8,8
70,260,3 11,426,1 568,6
86,139,0 32,520,5 1,194,2
524,534,7 46,75*.5 19,911,0 ! 492,6
400,870,5 55,112,6 15,622,0 ! 254,4
342,530,0 93,183,0 30,808,0 206,7
303,460,0 01,705,0 22,726,0 523,2
387,815,7 61,159,3 23,504,0 214,7
350,158,0 09,371,0 34,607,0
11,0
521,211,0 94,885,3 30,347,0 1,720,1
507,139,9 02,871,3 22,268,0 851,5
382,220,5 85,820,0 27,720,0 1,263,0
1,738,100,4
1,550,014,3
1,403,951,5
1,163,342,5
1,524,745,0
646,470,5
4*8,364,2
Total.
Rye.
&Malt
t
250,585,8
249,409,5
334,513,0
355,312,1
623,668,0
445,172,2
233,839,0
Bush.
109,0
4*,6
253,4
194,1
159,3
07,0
2,2
77,0
54,7
10,6
29,0
70,5
Bush.
463,702,057
340,029,914
453,009,217
595,434,448
475,482,110
470,524,435
395,472,541
477,205,909
458,174,843
652,589,893
597,730,895
500,653,523
92,480,0 4,044,7 3159 2,107,259,539
72,880,1; 1,889,2 314,5| 1,890,454,388
125,055,5 2,074,9, 415,0! 1,882,421,518
123,519,9 2,730,3,2,023,1 1,663,548,319
241,202,8 2,567,6 4,632,1 2,417,726,983
1,269,228,748
152,037,0 1,700,0)
02,705,5 2,067,4'1,619,1 812,048,005
Thus the
dealings in flour and every one of the cereals
larger than in the year preceding; it is only in wheat
however that the increase is very heavy.
In that case
the gain reaches 188 million bushels, and the total is larger
than in any other of the seven years given.
The sales of
were
in every sec¬
tion, excepting only New York city. To indicate more
clearly the changes during the year, we give below the
clearings by months both with and without New
the cereals is 310 million
York.
year,
P. Ct.
April
3,938,258
3,312,580
r1887. 12,102,150 13.355,166 11,943,751 13,350,751
iase. 12,163,760 11,234,744 11,308.080 L4,486.071
1885.
*
Year.
509,280
449,607
365,264
140,474
1886.
Total
*
*
*
i
7,772,015 8,651,141 33,484,550
7,530,017 10,049,234 33,670,830
6,518,641 9,747,086 28,152,801
1,200,844
1,157,428
907,643
( 1885.
San Francisco
Second
Quarter.
1880.
(1885.
.
First
Quarter.
)
(1887.
) 1886.
Tot. South. & Sou hw.
an
/1887.
(1885.
Total Western.!
by
1887.
Total
Clearings Outside New York.
Clearings, Total All.
Month.
been but few recent years
corn on
the other hand
those of 1883,
were
367
million
bushels below
and hence it is that the aggregate for all
bushels smaller
than
in that
though with that exception the heaviest given.
I HE
8
CHRONICLE.
[VOL. XLVL
some such amount of
RETROSPECT OF 1887.
year 1887 some 12,724 miles of railroad
constructed ia the United States. This furnishes the
During the
were
securities
was
probably fed out m
1887, and remained in bankers’ hands par ially undis'
tributed at the close of the year, should be most thought¬
fully considered in endeavoring to form any rational
diagnosis of the prolonged attack of indigestion under
which the Stock Exchanges were suffering in the last six
key to the situation, for although there were many other
affecting trade, finance and transportation, there
was no other single fact of such commanding importance
months of that year.
in its bearing upon the various business interests of the
The Inter-State Commerce law, of which a full copy
•country. About $254,000,000 must have been disbursed; was published in the Chronicle of Feb. 12, 1887, was
steel rails advanced to $40; the earnings of 100 railroads pending for some time in Congress and threw a shadow
increased over $35,000,000 in eleven months. Gold was over the stock market, as the effect of its provisions when
imported to the net amount of $34,306,111. On the put in force could not be predicted with any certainty.
-other hand seats at the Stock Exchange declined from The bill finally became a law by the President’s signature
$30,000 early in the year to $20,000 in December) on Feb. 4 and went into effect on April 5. The Commis¬
and mercantile failures in the year were $167,560,944’ sioners appointed under it by the President were men of
against $114,644,199 in 1886.
high character, and, without going into the details of their
Other matters worthy of mention were the Inter-State proceedings, it is sufficient to remark here that the law
Commerce law, the extraordinary course of foreign trade had not up to the close of 1887 worked as injuriously as
and the gold imports, the speculation in merchandise and had been feared.
in western real estate, the sluggish movement at the Stock
The strike of the coal handlers in Jersey City began
Exchange, the railroad reorganizations, the activity in iron early in January, and the strike of freight handlers in
and steel interests, the out-turn of the crops, and finally New York on the 23d of the month.
the unparalleled activity in railroad transportation, leading
At the same time the fear of a war between France and
to heavier gross earnings in 1887 than were ever before Germany exerted much influence on the markets at home
recorded in a single year.
and abroad during January, and until the 21st of February)
For the purpose of showing at a glance the industrial when the German elections took place, and Bismarck’s
and financial statistics, which present a sharp comparison policy was fully sustained.
This put an end to most of
of the two years 1886 and 1887, the table below has been the war rumors and the markets were no longer disturbed.
The first half of the year was marked by extraordinary
compiled. The figures relating to the production of wheat
corn and cotton for the year 1887 are necessarily approx¬
speculations in some leading articles of merchandise, par¬
imate, and the estimate of the best authorities is taken in ticularly in coffee and wheat. Gigantic efforts were made
each case. The aggregate mileage operated on the one hun
by cliques to corner the markets of the world in the supply
dred railroads whoie earnings for the eleven months are of these great staples, and, though quite separate, each ter*
reported was 60,301 miles on December 1, 1887, against minated early in June with disastrous results to the par*
56,893 miles December 1, 1886. The immigration statis¬ ties interested and also with heavy losses to many out.
tics are given exclusive of immigrants from Canada and siders who had gone into the speculation on their own
Mexico.
account.
The real estate speculation in town lots became
very active in tome of the Western and Southern cities^
1887.
incidents
~
-
1S86.
Coin and currency in U. S. Nov.l
Bank clearings in United States
Mercantile failures.
..
$
$
£
Imports of morehandise ..(11 nr>s.) $
Exports of merchandise ..(11 mos.).$
Gross earnings 100 roads
(11 urns )$»
.
Railroad constructed
Wheat raised
Corn raised
Cotton raised
miles.
bushels.
bushels.
bales.
Pig iron produced, (tons of 2,000ibs ).
Bteel rails, Bessemer (tons 2,000 lbs.)
Anthracite coal... (tons of 2,240 lbs.).
Petroleum (runs) production
bbls.
Immigration into U. S
(11 mos.).
and
1,580,271,000
49,193,201,051
114,044,119
607,151,087
627,986,697
257,470,>17
1,678,019,959
51,051,818,743
167,500,944
656,708,816
9,000
12,7-4
450,000,000
457,218,000
1,605,441,000
6,513,623
6,365,328
1,749,.**99
32,136.362
26,043,6 15
365,453
It is estimated
642,043,311
292,753,843
1,453,000,000
6,050,(.00
7,000,' OO
2,128,000
34,7k>,000
21,570,000
480,600
by some of the best authorities that when
complete returns of railroad construction have been
received, it will be found that the new road built in 1887
approximated 13,009 miles ; but for the present, to be on
the conservative side, we adopt the current statement of
12,724 miles, which, added to the 9,000 miles built in
1886, makes 21,724 miles of new railroad constructed in
the United States during the two years from January 1,
1886, to January 1, 1888. The significance of this exhibit
in its bearing upon general business interests is evident
at a glance.
It is not safe to * put the cost of rail¬
road construction, taking the whole country together,
at a figure much below $20,000 per mile, including
bridges, tunnels, stations, terminal property, transporta¬
tion of men and material, and all incidental expenses.
Hence the building of 12,724 miles of road means the
disbursement in one way and another of about $254,480,000 in the year.
If it be assumed that a similar amount
of bonds or stock per mile is issued on the new road
constructed, then we have the above amount of $254,480,000 in new securities to be fed out and digested by the
inves
ing public within the twelvemonth.
the
maximum
wave
of inflation in this direction reached its
later in
the year,
probably in September
or
October.
foreign trade movement of the United States in
1887 was quite extraordinary, and the resulting excess of
imports of merchandise over exports, commonly designated
as the trade balance, amounted to $14,665,505 for the
eleven months ending with November 30, against $20,835,610 excess of exports in the same period of 1886.
But
notwithstanding this apparent balance against the country
there was a net import of gold in the same period (all in
the last five months) amounting to $34,306,111, against a
net export of gold in 1886 of $11,324,501.
There was great activity in the iron and steel trade, as a
result of the large railroad demand, and during the first
half of the year profits must have been very large.
Steel
rails were sold as high as $40 per ton in March, but this
was the maximum, and from that point prices receded to
$32 50 in December.
The crops of 1887 turned out fairly, the corn crop being,
the least favorable of the great staples, while wheat was
estimated by the Agricultural Bureau about the same as
in 1886, and cotton was estimated by the Chronicle and
other authorities as being larger than the crop of 1886,
without fixing any definite figures.
Pursuing the method
heretofore adopted in this review, and taking the arbitrary
standard of values in New York City about the 1st of
January following the crop, we find that if the whole of
each crop could have been laid down in New York on
thej 1st of January, the values would h^Ve been approxi¬
The
The fact that mately
as
follows.
January 7,
THE
1888.]
CHRONICLE,
7
8
1
83881
Crop of 1886.
Yield.
I. Agricultural Products.—The
Crop of 1687.
Price,
Value of
Jan. ’87
Crop.
<
Yield.
Price,
Value of
Jan.’SS
Crop.
9
in 1887
yield of cereal products
fair except as to corn, in which there was a seri¬
was
loss from
drought after the season had so far progressed
promise
the
best crop ever gathered. Wheat turned out
Wheat.bush.
92
457,218,000
93*f
much
better
than
Corn...bush. 1,665,441,000
63
expected according to the Bureau report,
48H
Cotton.bales
10 9-16
which increased its estimate in October about
9%
6,513,623
30,000,000
Total values
bushels over previous months.
1,530,S69,330
1,664,010,000
In regard to cotton there were widely different
estimates,
the Chronicle and other good authorities
but
The reorganiza'ion of insolvent railroads was one of the
place the crop
of 1887 as in all probability above that of the previous
yeargreat features of the year in financial circles. A number of
In the following table are given the yield of wheat,
corn,
oats
roads were sold in foreclosure, while Philadelphia & Read¬
and cotton for a period of thirteen years past,
including the
ing and New Jersey Central were successfully reorgan* estimates for the crop of 1887:
$
428,641,875 450,000,000
801,493,481 1,453,000,000
300,733,974
6,600,000
cts.
ous
$
414,000,000
915,390,000
334,620,000
cts.
as
36881
to
ized without any
foreclosure and their respective receivers
discharged on the first of January, 1888. There was not
a new default
by any prominent railroad during the year,
but the Baltimore & Ohio became slightly embarrassed
by
floating debt and suspended its dividend in November,
while the Chesapeake & Ohio, which had not paid full
interest for some years, was placed in the hands of a
receiver at the suit of its managers.
Mercantile failures
during the year were larger than might have been antici¬
pated, the total liabilities footing
$114,644,119 in 1886.
up
$167,560,944, against
Years.
1st Quarter.!2d Quarter. 3d Quarter, :4th
Quarter.
Amount.
Amount.
Amount.
1 Amount.
1876
1877
1878
1879
1880
1881
18*2
1683
1884
1885
1886
1887
$31,644,156 $13,771,273 $47,857,371 $34,844,986 $191,117,786
54.538,074 45,068,097 42,346,035 48,717,680 190,669,936
82,078,8-6 48,753,940 66,378,363 37,172,003 234,3 3,132
43,112,665 22,666,725 15,275,550 17,094,113
98,149.053
12,777,074 20,111,689 12,121.422 20,741,815
65,752,000
24,447,250 16,499,395 10,112,365 30,096,922
81,155,932
33,338/271 17/242,649 18,942,893 32,023,751 101,547,564
38,372.643 27,816,391 52,072,8*4 54.612,254 172,874,172
40,186,978 84,204,304 56,627,821 45.324,324 226,343,427
46,121,051 28,601,304 23,874,391 25,623,575 124.220,321
29,681,726 20,752,73* 27,227,630 36,982,029 114/ 44,1 19
32,l61,7<-2 22 976,330 73,022,556 39,400,296 167,560,944
.
.
.
.
.
.
.
.
.
.
.
.
Total Year.
Amount
Ra lroad
1866
18 79 (census).
1880
18-!1
1882
1885......
1886
1887
....
WLeat.
Corn.
Bush.
Bush.
Bush.
Bal^s.
151,999,906
289,356,500
364,194,146
420,122,400
459,483,137
498,549,868
867,946,295
1,283.827,500
1,342,558,000
1,388,218,750
1,754,591.676
268,141,077
2,059,271
320,884,000
406,394.000
413,578.560
407,858 999
417,885,380
416,481,000
4,485.423
383,280,090
504,185,470
421.086,160
512,763,900
357,112,000
457,218.000
450,000,0 JO
1,717,434,543
1,1^4,916.000
1,617,025,100
1,551,066,895
1,795,528,432
1,936,176,000
1,665,441,01)0
1,453,00J,000
Oats.
Cotton.
488,250,610
571,302,400
583,628,000
629,409,000
624,134.000
60o,000,000
4,811,265
5.073,531
5,757,397
6,5S9,32G
5,435,845
6,992,*. 34
5,714,052:
5,669,021
6,550,215
6,513.623
6,650,000
The
exports of wheat and flour in the fiscal year ending June
30, 1887, were large, although exports were checked in the
spring months by the great speculation in wheat carried on by
the Chicago and California cliques.
After the price broke onthe failure of the cliques in June and July the price of No. 2
red winter wheat in New York went below 79 cents, and the ex”
ports were greatly stimulated ; during the quarter ending Oct.
1 the shipments reached very large figures, but with the ad¬
vance in prices they again fell off in the later months to a
moderate volume.
For the Government fiscal years
ending June 30, the follow¬
ing table shows the exports of wheat, wheat flour, corn and
earnings were large beyond precedent, and the cotton for the last nine years :
gross earnings of 1887 much exceeded the record of any
EXPORTS OF FLOUR, WHEAT, CORN'AND COTTON.
Wheat Flour.
Wheat.
Corn.
previous year. For eleven months (the latest returns yet
Cotton
Year ended June 30.
Barrels.
Bushels
Bales.
Bushels.
received) the total for one hundred roads was $292,753,843, 1879
5,629,714
122,353,936 86.296.252 3,462,741
against $257,470,317 in 1886. Net earnings were not 1880...
6,011,419
153,252,795 98,169,877 3,811,153
1881
7,945,786
150,565.477 91,908,175 4,549,743
relatively as large as gross, but many roads showed a 1882
95,271.802 43.184,915 3,694,706
5,915.686
9,205,664
106.385,828 40,586,825 4,626,808
remarkable increase in both gross and net business.
To
7 0,349,012 45,247,490 3,884,233
9,152,260
84,653,714 51,834,41c 3,969,568
10,648,145
the activity in railroad construction and in
general busi¬
8.179/241
57,759,209 63,655.433 4,283,723
1887
11,518,449
101,971,949 40.307.252 4,489,920
ness, together with the fair maintenance of rates, was
chiefly attributable the large increase in railroad traffic.
II, Manufactures, Mining, &c.—There was much activity
The following summary shows the condition of the New in manufacturing early in the year, especially in all branches
of the iron and steel industry, and as prices were well sus¬
York City Clearing-House banks, rates of
foreign exchange
and prices of leading securities and articles of merchan¬ tained, No. 1 pig iron selling up to $21 50 per ton and stee^
rails at $40, the profits must have been large. Much was done
dise, about the 3i of January, 1886, 1887 and 1888.
in developing new iron and coal districts, particularly the
STATISTICAL SUMMARY ON
3, 1886, 1887
OR ABOUT JAN.
AND
1889.
Birmingham district in Alabama. The estimate of the num*
on Dec. 1,1887, was 336, with a weekly
capacity of 140,040 gross tons of 2,240 lbs., against 323 furnaces
with a weekly capacity of 123,284 tons on Dec. 1, 1886.
The
figures of estimated production in 1887, given in the prelimi¬
nary statement of the Iron and Steel Association, are as fol
lows, in tons of 2,000 lbs.:
ber of furnaces in blast
1886.
XTew York
Oily Banks—
Loans and discounts
Specie
Circulation
Net deposits
Legal tenders
$
89,721,100
9,979,*00
$ 376,959,300
$
reserve
Reserve held
reserve
Money,
Exchange, Silvei—
Call loans
1889.
$ 339,909,800 343,687,500 356.540,000
$
Legal
Surplus
1887.
28,808,200
$
94,239,825
$ 118,529,300
$ 24,289,475
Prime paper, sixty days
Silver m London, per oz
Prime sterling bills, 60 days..
United Slates Bonds—
6s, currency, 1898
4%s, 1891, coupon
4s of 1907, coupon
Bailroad Stocks—
New York Central & Hud. Riv.
Erie (N. Y. L. E. & W.)
Lake Shore & Mich. Southern.
Michigan Central
Chicago Rock Island & Pacific
*2,718,100
71,139,300
7,911,500
8,077,300
359,269,600 359,359,800
19,370,400
27,259,800
89,817,150 89,839,950
102,089,500
98,399; 100
12,271,350
8,559,150
2%®5
4®8
4
5®6%
46i4d.
4 81%
®5
46)516d.
4 86
4
®6
5 %®6
4»i*,6d.
4
83%
132 73
131%
125
11*%
123
110%
127%
107%
125%
106
113%
107%
28%
94%
26%
83%
34%
95%
9a %
87%
Illinois Central
128%
126
140
Chicago & Northwestern,com.
Chicago Milw. & St. Paul, com.
133%
110%
96%
12512
115
90%
75%
13.'%
44
56
129%
75
Delaware Lack. & Western...
Central of New Jersey
Merchandise—
Cotton, Middl’g Uplands. #
Wool, American XX
# 1b.
9%
112%
118%
107%
9%
109,*
37
34&38
31%®32%
Iron, Amer. pig, No. 1.. $ ton. 18 00 £18 50 20 003>21 00 21 00 5)21 50
Steel rails at mills.
34 00®35 00
37
32 00 S/33 00
Wheat, No. 2 red win.# busL i
9212
92
93%
Com,West. mix.No. 2.# bush
f0%
48%
63
Pork, mess
# bhl.l 10 003J0 25 12 25*12 75 15 50 ^16 00
\
__
Petroleum pipe line
certified, 1
91%
i
70%
..
90%
1886.
Tons of 2,000 lbs.
1887.
Tons of 2,000 lbs.
Pig Iron
6.305,323
Steel Tngnta
Bessemer Steel Rails
2,541,4 *3
7,000,000
(?)
2,184,000
Products.
Bessemer
The
1,749,899
production of pig iron, steel and steel rails in the-
United States has been
Years.
1877
1873
1879
18*0
1881
1882
1883
1884
1885
1886
1887
The
were
meat
as
follows for eleven years:
Pig Iron.
Tons of
2,004) lbs.
Bessemer
8teel Ingots.
Tons of 2,000 lbs.
2,314.585
560.587
2,577.361
3,070,875
4,*95,414
4,641,564
732,2.6
928.972
5.178,122
5,146,972
4,589,613
4,52-),*69
6 365,328
7,000,000
1,203,173
1.539,157
1.696,450
1,654,627
1,540,595
1,701,762
2,541,493
(?)
Bessemer
Steel Rails.
Tons of 2,000 lbs.
432,169
550.398
683,964
954,460
1,330.302
1,438,155
1,280,554
1,116,621
1,074,607
1,749,899
2,184,000
petroleum production in 1887 was quite small. Prices
and on November 1st the agree
among leading producers to restrict the output went into
low most of the year,
1750648 1881
THE
10
712 81
effect.
As
a
result, the
runs
of crude oil were only 21,570,000
bbls., against 26,043,645 in 1886.
each year since 1879 have been as
1883
15,765,800
20.240,121
22,094,300
21,967,636
The anthracite coal
Deliveries.
Barrels.
Runs.
Barrels.
Barrels.
24,790,164
29,674,462
31,789,195
24,385,968
1882.
The runs and deliveries in
follows:
Deliveries.
Huns.
Barrels.
CHRONICLE.
23,704,510
21,225,203
24,053,902
24,086.104
26,013,645
26,396,483
21,570,000
26,980,000
mining was carried on with much vigor»
of any previous year, the
and the out-put was much ahead
total for 1887 being 34,700,000 tons,
against 32,136,362, in 1886,
largest previous year.
The price of coal
was advanced in the later months, owing to the long strike of
miners in the Lehigh region and the very large demand for
Shipment West and from the trade at large.
The aggregate production for the last eleven calendar years
(1887 being partly estimated) has been as follows :
Year.
Tons.
Year.
Tons.
20.828,179 1883
31,793,027
17,605,262 1884
....30,756,995
26,112,683 1885
..31,023,5X0
1880.
23.437.242 18S6
32,136,362
28,500,0 L7 1887
34,700,0.0
which
was
the
[Vol. XLVI.
making a total reduction
and prospective of $40,110,392. The total amount of Government bonds deposited
by the banks to secure circulation was $184,444,950 on Jan.
1, 1888, against $229,438,350 on Jan. 1, 1887.
The New York City Bank movements of the year did not
present any features of unusual importance. The city banks
were apparently
well managed, the demand on them for
loans was heavy, and the only complaint from customers was
the common one of late years, that the banks loaned so largely
on securities that they could not give sufficient accommoda¬
tion on mercantile paper. The maximum surplus reserve was
reached on Jan. 29, when it was $22,298,450, and the minimum
on June 25, when it was $3,345,900.
Deposits reached the
highest point on Feb. 12, at $392,771,200, and loans and dis¬
counts were highest on April 9, at $370,917,500.
The following were the totals of the New York City Clear¬
ing-house banks about the first of each quarter in the year
1887 and near the 1st of January, 1888:
redeem bank notes yet to come in,
in national bank circulation present
Loans and ,
Discounts.
,
g
| f3pecie*
29,120,096
$
$
Net
Legal
Surplus
Deposits.
Tenders.
Reserve.
$
$
$
21,^12.200 14.786,675
States.—The Jan. 8, ’87 318,479 300 85,509,200 370,138,000
April2, ’»7 365,659,700 77,9**6,100 372.41 *,70n 19,4^7,100 4,379,825
foreign trade of the country presented features which were July 2, ’67 363,553,200 73,288,200! 367,081,300 22,13 1,2* 0 3,651,075
9,017,100
Oct. 1, ’87 314,795,100 75,141,800! 345,S26,"00 20.328," 00
quite unusual, and contrary to anything witnessed in recent Dec 31. ’87 356,540,000 71,139,300! 359,359,800 27.259,800 8,559,150
years.
For the eleven months ending with November there
The following table shows the maximum and minimum of
was an excess in the imports of merchandise over exports
deposits and surplus reserve in each of the past ten years :
amounting to $14,665,505 and in the face of this balance
DEPOSITS.
against us there was an import of gold amounting to $34,Minimum.
Maximum.
306,111 net. This condition of affairs was almost phenomenal 1878..
$223,432,700 Aug. 10 $198,985,300 May 25
193,121,700 April 5
254.770.700 Aug. 2
in our trade statistics, and it was only accounted for on the 1879..
242,0-7,100 Jan,
3
307.796.700 Nov. 6
1880..
271,66M,800 Mar. 12
theory that a large amount of our stocks and bonds had been 1881..
352,658.800 July 23
277,930,000 Nov. 25
322.863.200 July 29
1882..
quietly absorbed abroad and taken from our market rather 1883..
279,944,200 Mar. 31
327.326.700 July 14
363,544,400 Feb. 16 280,698.100 June 21
by purchases at the Stock Exchange and in the open market 1884..
340,816,300 Jan.
3
391,804,900 Aug. 22
1885..
than by the negotiation of heavy loans in London and on the 1^86..
396,080,800 Feb. 13 345,708,500 Sept. 11
Commerce
III. Foreign
of
the
United
1887..
Continent.
following table shows the trade movement in the first
half of the year to July 1 and in the eleven months—Jan. i
to Dec. 1—rlie statistics for December not being yet at hand:
The
392.771.200 Feb. 12
SURPLUS
July 1.
1886.
1887.
11 mos
,
Jan. 1 to Dec. 1.
1867.
.
..
330.390,064
$
327,610.874
..
357,480,191
328,589,612
$
Exports
Imports
Exeess.... Im.27.09O,127 Em.
Gold (exc.) Ex. 1,166,173 Ex.
18-6.
$
627,986,697
656,708,816,
607,151, ('87
978,738 Em. 14,665,505 Kx.20.835.610
34,349,628 an. 34,306,111 Ex.11,324,501
IV. Railroad Construction and Railroad
The construction of
|
$
642,043,311
numerous
Earnings.—
railroads begun or projected in
RESERVE,
Minimum.
Maximum.
1878..
1879..
1880
1881..
1882..
183..
1884..
1885..
1886
1887..
$24,232,475 July 20
17,877,300 Feb.' 1
18,471,275 July 17
16,728,575 May 20
10,895,600 April 29
10,007,575 Jan. 27
42.297.450 Dee.
4
64,724,100 July 30
36,156,425 Jan. 30
22.298.450 Jan. 29
.
6 mos. Jan. 1 to
341,935,900 Sept 24
.
THE
$3,531,600 Oct,
(let.
let.
let.
def.
(let.
def.
671,225 Dec.
2,461,875
3,333,275
3,024,950
6,770,875
6,607,125
24,712,650
4,008,200
3,345,900
Dec.
Oct.
Nov.
Mar.
Mav
Dec.
Dec.
June
12
8
4
7
11
17
22
24
18
25
MONEY MARKET.
The money market during 1887 worked more closely, taking
the whole year together, than at any previous period for some
years past.
The banks and other regular money lenders
1887, and the total reaped good profits on a demand for money which kept up
the Railway Aye, from March to December. The tendency of operations was
received to Dec. 31. to draw funds away from the Atlantic cities to the Interior
reports from other and keep them there, as the railroad building in the far West
roads not heard from at that date, the total for the year may and South, the speculation in town lots, and .the wheat
be run up to 13,000 miles. A good part of this mileage was corners in
Chicago and San Francisco, all called for a large
west of the Missouri River and was constructed by the large amount of
money.
On the other hand, the demand in New
corporations competing for business in that territory. Such York and Boston, to carry new railroad bonds in the hands of
road was built at the lowest cost per mile and with bonds at a bankers and
syndicates, was .very large, while the call for
low rate of interest, so the annual charge for interest to the
money on stock speculation was moderate.
Rates were easy
companies will be at a minimum: and as most of them are pay¬ in this market till March, when they began to harden, this
ing dividends on a large amount of stock, there is little dan¬ tendency increasing in April, wh°n stock borrowers some¬
ger of their defaulting on the new bonds.
times paid 7@8 per cent for call loans, and once as high as
Railroad earnings were the heaviest ever known, and gave 15
There was no further stringency in money till
per cent.
evidence of the great activity in transportation business in all after the middle of June, when the markets were greatly
Sections of the country. East of Chicago rates were generally unsettled
by the collapse of the coffee bubble here and the
well maintained and the roads had good profits, but west from
wheat bubble in Chicago, and the consequent demand for
Chicago there was some cutting to meet the competition aris¬ money. On the 24th of June there was a sharp calling in of
ing from new roads, and consequently net profits were reduced. loans, and rates on call advanced to
% per cent for money
For eleven montlis to Nov. 30 our figures show that one hundred loaned from
Friday till Monday, the rates continuing very
roads earned $292,753,844 gross in 1887, against $257,470,317
SBnsitive and irregular till after the first of July.
in 1886, the mileage operated by these companies being 60,301
During the last half of the year there was never any great
miles in Nov., 1887, against 56,893 in Nov., 1886.
stringency in money, but there was great trouble in August
and September in borrowing on any railroad collaterals except
BANK MOVEMENTS.
In the national banks of the country there was a consider¬ those that were first-class, and the fear of tight money influ¬
able reduction of circulation (caused by the calling in of enced the stock market. The Treasury came to the relief of
bonds deposited by the banks as security for circulation); on the situation, first by purchasing on proposals over $25,000,000
January 1, 1887, the amount of national bank circulation of bonds and th°n in October by offering to place its surplus
outstanding was $296,4^6,877, and on January 1, 1888, $268,- with depositary banks on Government bond security, on the
168,234, showing an actual decrease of $28,318,643; but in basis of 110 per cent of money so deposited for bonds at par;
addition to this there was an increase during the year of $11,
up to the close of the year $52,199,917 had been so deposited
791,739 in legal tenders deposited with the U. S. Treasurer to with national banks.
in
number of miles built, as reported by
reached 12,724, as made up from returns
With possible additions to be made by
1886
was
carried
on
with great vigor
January
Week
THE CHRONICLE.
7, 18£ 8.J
ending
Call
Loans.
Friday.
Prime
Week ending
Paper.
Friday.
Call
Loans.
11
Prime
unfavorable
effect, and stocks were generally depressed till
3 ©10
February, when there was a recovery. During
July 8
5k©6k
14
6
5 ©6
15
3 © 6
6
®6k March the market was
stronger, influenced to some extent by
21
6
5
©6
22
2 © 5
6 ©6k
28
29
5
2k©> 5
@5*2
3
@6
6
©6k the movement in special stocks and by some foreign
buying.
Fel). 4
21*}© 5
4*c©5k Aug. 5
0 ©6k
3k© 6
The Inter State Commerce law went into effect
11
3 © 5
12
4k©5
3 © 8
6
©6k
5th,
April
but
18
1*2© 4*2 412©5
19
3 © 7
G
©6*2 the Commissioners soon decided to
25
suspend for ninety days
2
© 5
4 lo © 5
26
3 © 7
6 ©7
Mcli. 4
the operations of the fourth section
2
© 7
4k®5k Sept, 2
3
© 8
6 ©7
relating
to the long-and11
2
© 7
5
9
©5*2
3 © 7
6 ©7
short haul in its application to a number of
18
3 © 7
5
©6
16
3
© 7
6* @8
leading rail¬
25
5
2*2© 8
©6
23
roads having the competition of water
3
© 7
6k©8
and
routes,
this relieved
3
© 9
April 1
5
©6
30
4 © 7
6
©8
the
8
3 % © 15
5
©fi
Oct.
app
ehension.
The
7
3 © 6
6 ©7
tendency of prices was generally
J 5
3
© 9
5
©6
14
3
© 5
.6 ©7
upwurd till the middle of June, and this period was
22
3 © 6
91
5 ©0 L>
practi¬
2 k© 5
6
©7
29
5
© 5k !
2k©> 7
“ 28
3
© 6
5k@6k cally the best of the year, with a decidedly strong tone.
On
3
©
8
5
May 6
© 5k Nov. 4
5k©6
© 5
June 14 came the break in the coffee
13
3
© 7
5
ll
©5k
© 7
here and on
speculation
5k ©6
20
3
© 6
5
©5 k |
© 6
5k ©6
“ 18
the 15th the collap e of the wheat corner in
27
3
© 8
4 a* 'fjj 5 k
Chicago, leading
25
5k©6
June 3
i... 4 © 7
4 §4 © 5 k Dec. 2
5k ©6k to the bad failure of the Fidelity National Bank of Cincinnati.
10
3
© 5
9
lk©514
© 6
5k ©6k These events shook
confidence very severely, and they were
17
2
©10
4 k©5k
16
©
5k © 6 k
24
3 5 6 +• ^8 p d 4k® 5 k
23
©
followed
5k©>6k
by the tumble of Manhattan Elevated stock in this
3©6 i Lp.d 5
July 1
30
©6k
©
5 k © Gk
market about 41 points, when M**. C. W. Field sold out a
UNITED STATES BONDS.
block of 50,000 shares to Mr. Gould at 120.
Money became very
There was no special feature in governments
in the first active, loans were called, and on June 24 the market was
half of the year; the last of the 3
per cent bonds were retired almost in a panic and remained very sensitive for sometime
by the call for redemption issued on May 21. On Au^mt3 afterwards.
the Secretary offeredto anticipate intfrest
The bears organized a strong
payments on the ^
party in June, and in July
and 434 percent bonds to and
including Jan. 1,1888, and also to stocks generally declined, the famous Baltimore & Ohio deal
purchase 4^2 per cent bonds for the sinking fund. On weekly with H. S. Ives coming to an end by the
positive announce¬
offerings he purchased $11,565,000 of 4V£ per cent bor ds up ment of Mr. Garrett that the purchasers were unable to fulfill
to Sept. 21, and on Sept. 22 decided to
purchase prior to Oct. 8 their agreement. But the whole Baltimore & Ohio transac¬
$14,000,000 of 4 and 4*^ per cents for the sinking fund, of tion hung over the market for so long a time, and disclosed
which he actually bought about
$13,500,000. In October he such weakness on the part of one of the great trunk line rail¬
decided to deposit funds with the national
banks, as men¬ roads, that it exerted over the stock market one of the most
tioned above under “Money Market.” The net debt less cash
pernicious influences of the year.;
in the Treasury was on January 1, 1887,
In August the market had spasms of
$1,341,984,495, and
strength, as the fear of
on January 1, 1888,
$1,225,598,401, showing a decrease of tight money was somewhat relieved by the action of the
$116,386,093. The Government bonds outstanding decreased Treasury in purchasing bonds.
Late in the month Groveb732,720 as follows:
steen & Pell, tl\e bankers of the Rome & Decatur
Railroad,
U. S. BONDS OUTSTANDING.
failed, and this gave rise to much caution among the lenders
of money on railroad collaterals.
The purchase of the Balti¬
Jan. 1, 1888.
Descrip tiou.
Jan. 1, 1887.
Decrease,
more & Ohio Express
business by the United States Express
Co immediately followed, and then the announcement of the
1 $230,544,600
4*28 of 1891
$250,000,000
$19,455,400
4s of 1907
732,593,630
737,971,950
5,378,320 Baltimore & Ohio Syndicate to relieve the company from its
3 percents
63,899,000
63,899,000 embarrassmement of
a floating debt of about
Navy Pension Fund
i4,bo6',bu6
14,000,000
$10,000,000.
Currency 63
64,623,512
64,623,512
The bears conducted an active campaign and made
large
Total
!$1,041,761,742 $1,130,494,462
SP88.732.720 profits, and after experiencing a stronger tone in the last
part
of September prices again became weak and feverish.
The
FOREIGN EXCHANGE.
In some respects the course of
foreign exchange, as an in¬ prospects for easy money were more permanently assured by
the action of Secretary Fairchild in October in
dex to the movements in trade and
offering to
securities, was one of the
most remarkable ever known. The trade movement in
eleven deposit money with the national banks, taking the 4 per cent
Government bonds as collateral at 110, instead of 90,
months of 1887 presented the unusual exhibit of an
as for¬
excess of
$14,685,505 in imports of merchandise over exports. Not¬ merly. The bears appeared to have covered their contracts,
withstanding this excess there was a net import of gold in the and early in November the market was strong, prices advanc¬
same time
amounting to $34,306,111.
These results were ing, and the business of the second week, on general buying,,
was one of the best of the
accounted for by the borrowing of
year.
This did not continue, how¬
sterling during part of the
ever ; prices fell off
again and December was a very dull
year to use the money here at higher rates, but
secondly, and
mainly, by the export of a large amount of our stocks and month, the volume of sales at the Board much of the time
bonds to the foreign markets. In
January and February the being near a minimum. The year closed with depression
strike of freight-handlers
stopped shipments of produce, and among stock brokers, notwithstanding the excellent state¬
ments of the Vanderbilt roads, and the remarkable record of
for a short time rates of
exchange were pushed up, but they
the year in railroad earnings.
fell off when the strike failed, and never
again ruled near the
Sales at the Stock Exchange have been as follows since 1879:
specie-exporting point. In July the imports of gold began
and kept lip till the middle of
October, when exchange rates
RR.andMis. RR. and Mis. Government
State
Bank
began to harden and remained firmer till the close of the year.
stocks.
bonds.
'
bonds.
bonds
stocks.
The Bank of England rate was 5 in
January, reduced to
Shai'es.
$
$
Shares.
$ ‘
4 on February 2, to
72,765,762 412,309,400 112,571,850 22,643,150
33^ March 9, to 3 March 23, to 2% April 1879
15,606
1880....
97,919,099 569,910,200 58,459.600 15,497,400
15,354
13, to 2 April 2; advanced to 3 Aug. 3, to 4 Aug. 31, and so 1881
114,511,248 385,889,500 35.395,850 49,569,300
8,815Jan.
7
1
3
2
“
“
©
©
©
8
5
Paper.
the end of
©6 i-ri>
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
1
“
“
“
“
“
“
«
“
“
“
58 1
“
“
“
“
“
“
“
“
“
“
railroad and miscellaneous stocks.
price for seats at the New
$30,000 early in the
year
York
Stock
to $20,000 in December.
Exchange
Perhaps
briefly
this furnishes the best comment that can be made
very
upon the character of the business.
The particular events of the year
referred to
are
below
under the respective months in which
they occurred, but as
to the
general course of tbe market it may be said that there
was no
there
panic
was no
or sudden break except that of June 24, and
period of real buoyancy, unless a single week in
1887
I
_
.
.
1882
1883
1884.....
remained till the close of the year.
The
1
.
.
.
.
116,307,271 246,769,4101 18,555,850
97,049,909 284,768,100 17,046,150
26,571,260
6,986,500
2,826,900
9,3G6
9,513
10,127
13,223
20,394,411
15,306,800
26,691
96.154,971i499,955,200| 14,905,150
92,538,947'660,659,400! 15,261,200 14,678,053
.100,802,050587,237,500: 12,793,500
84,914,616 347,127,330'
7,110,400
Taking the course of the year by months, the principal
bearing upon the stock market were as follows :
January.—At Cleveland, O., January 3, in Common Pleas
Court, a decision was rendered against the New York Chicago
& St. Louis Railway (Nickel Plate),
declaring the first mort¬
gage void and the second mortgage valid.
The Inter-State
Commerce Act passed the Senate on the 14th and the House
on the 20th, but remained
unsigned in the President’s hands.
events
Richmond Terminal
was active all the
month, and the terms
agreement between this company and the East Tennessee
Virginia & Georgia, giving control of the latter to the Rich¬
mond Terminal, were made public.
An extensive strike
among coal-handlers in Jersey City began on the 8th, and the
of
November was entitled to be called such. The year
opened
with depression,
owing to the coal-handlers’ strike, soon fol¬
lowed by that of the freight-handlers in this
city. The Inter- longshoremen in New York struck on the 23d.
The 116th
tate Commerce bill and
European war iumors also bad an for bonds was issued on the 22d, retiring
$13,887,000 of
call
Lie
THE
12
CHRONICLE.
[Vol. ZL'VI.
Pell failed, having been the negotiators of the East & West
cents on March 1. Rumors of war between France and Alabama and Rome & Decatur railroad bonds. Gold was im¬
Germany were rife, and disturbed the foreign markets. The
to the amount of some $5,700,000. New York City &
Fitchburg Railroad purchased the Hoosac Tunnel of the State ported
Railroad was sold under foreclosure. On the 31st
of Massachusetts and prepared to consolidate.
A master’s re¬ Northern
the sale of the Baltimore & Ohio Express to the United States
port was rendered in favor of the Missouri Kansas & Texas
income mortgage bond-scrip holders on their claim for pay¬ Express Company was announced, and also the sale by the
Oregon Trans-Continental Company to a syndicate of foreign
ment in cash.
February.—The Inter-State Commerce bill was signed by bankers of $6,000,000 securities, relieving the company of all
the President on the 4th.
The Bank of England rate was re¬ pressing obligations. The Bank of England raised its rate
from 2 to 3 per cent on the 4th.
duced on the 3d from 5 to 4 pdr cent. War talk from Europe
September.—On the 2d of September announcement was
was very loud until the German elections on the 21st, which
made of the syndicate of foreign and American bankers to
went favorably to Bismarck’s policy.
Exchange rates were relieve Baltimore & Ohio from its floating debt of about
high in the early part of the month, and a little gold was sent
$10,000,000. Secretary Fairchild on the 21st issued a circular
-out, though due to special causes. The strike among Reading's
coal-handlers failed and the strike among longshoremen in offering to purchase 4s at 124 and 4^9 at 10834 to the amount
New York ended on the 11th.
Among the principal railroad c f $14,000,000. On the 1st the Bank of England advanced its
rate from 3 to 4 per cent, which was maintained up to the
-events of the month were the issue of Atchison circular
close of the year.
Gold came from abroad freely.
No. 59, for building new roads in Kansas, Colorado and Cali¬
October.—There was general depression in. stocks early in
fornia : the Nickel Plate Company’s proposed plan of settle¬
the month.
The Secretary of the Treasury now made a new
ment ; the Missouri Kansas & Texas settlement with scrip
holders ; the Texas & Pacific adjustment with income bond¬ arrangement in regard to the deposit of receipts from internal
revenue in National banks.
The 4 per cent bonds were made
holders ; the Corbin purchase of Jersey Central stock, and the
a security for deposits at 110, and the 434s at par, instead of 90
new arrangement between Pacific Mail and the Panama Rail¬
Un¬
road.
The 147tli call for bonds was issued on the 21st, retir¬ per cent, which had been the rule for all bonds before.
der this $52,199,917 had been thus loaned the banks up to Dec.
ing |10,007,750 3 per cents on April 1.
31st.
The lowest point of stocks was generally touched on
March.—Congress adjourned on the 4th without having
the 14th and days following, after Mr. Depew’s St. Louis
passed any law for disposing of the surplus revenue. The interview. The Balt. & Ohio Telegraph lines were sold to West¬
Baltimore & Ohio Railroad rumors were active—first that it
ern Union for $5,000,000 W. U. stock and an annual rental of
would be taken by Richmond Terminal and Mr. Sully, and
$60,000
per year for 50 years.
A settlement was made with
ihen that other parties held an option for purchasing a controll¬
the Wharton-Barker holders of Reading 1st series 5s who had"'
ing interest, afterwards known to be Henry S. Ives in the in¬
Baltimore & Ohio • passed its
terest of Cin. Ham. & Dayton.'j The Chicago & Atlantic and the opposed the reorganization.
semi-annual dividend. On the 28th a receiver was appointed
Pittsburg & Western reorganization plans were announced; for the
Chesapeake & Ohio on the application of Mr. Hunting■the Mexican National Loan was offered in New York and
ton.
The Union Pacific and Northern Pacific companies
London; the Wabash purchasing committee were put in pos¬
made an agreement for a joint lease of the Oregon Railway &
session of the lines west of the Mississippi; the period for de¬
lines. The Northern Pacific asked the consent of
positing securities under the Reading plan expired March 31, Navigation
its preferred stockholders to issue a $12,000,000 new 3d mort¬
and a very large proportion of the stock and bonds had been
Rumors prevailed of the possible appointment of a
deposited. The Indiana Bloomington & Western road was gage.
receiver for Missouri Kansas & Texas, and Mr. Jay Gould
.sold in foreclosure March 23. The Bank of England reduced its
sailed for Europe on the 29tli.
Gold imports continued during
rate from 4 to
per cent on the 10th and made a further
the first half of the month.
reduction to 3 per cent on the 24th.
November.—There was a much healthier tone to the stock
April.—The Inter-State Commerce law went into effect
market. There was a cut by the Grank Trunk on dressed
ton the 5th and the Commissioners almost immediately sus¬
beef rates from the West.
The Pe nsylvania Railroad
pended the long-and-short-haul clause for ninety days in the increased its semi-annual dividend from 2% to 3 per cent.
•ease of many prominent railroads.
Among the notable rail¬
Ore son Navigation negotiated 5 per cent bonds with
road events were the plan for the Norfolk & Western and Tee
bankers broad through Mr. Yil ard.
The Texas & Pacific and
Louisville & Nashville connection; the increase of $1,200,000
Central Iowa roads were sold in f* reclosure. Some $*<,000,000
in Western Union Telegraph stock; the increase of $10,000,of the new 3d mortgage on the Northern Pacific was placed.
000 proposed in Illinois Central stock to purchase its Iowa
The U. S. Circuit Court entered orders for the discharge of
leased lines and for other purposes; and the junction of the
the receivers of the Philadelphia & Reading, the Jersey Cen¬
Atchison and Gulf Col. & Sante Fe lines in the Indian Terri¬
tral and the Buffalo New York & Philadelphia roads on Jan.
tory; the lease of Oregon Navigation to Oregon Short Line,
2, 1888.
with a guarantee of interest and dividends by Union Pacific.
December.—Dulness ruled at the Stock Exchange. Money
'The Bank of England rate was twice reduced—from 3 to 234
was easier than expected, owing to the Government deposits
‘On the 14th and to 2 on the 23th.
May.—Fort Worth & Denver City was active, and fluctuated with banks.' M. Grevy resigned as President of the French
widely, and St. Paul & Duluth was conspicuous for a sharp Republic and M. Sadi-Carnot was chosen without disturbance.
advance. The Saturday half-holiday law went into effect on Congress assembled on the 5th and President Cleveland’s
the 21st and the Stock Exchange closed thereafter at 12 message was devoted exclusively to the question of surplus
revenue.
Late in the month a strike by Philadelphia & Read¬
o’clock each Saturday. Nickel Plate road sold in foreclosure
There were some rumors of war
The Missouri Pacific Company issued $5,000,000 ing employes took place.
on the 19th.
new stock for extensions.
Default was made May 1 on Den¬ abroad owing to the movement of troups in Russia toward
3 per
South Park & Pacific bonds ; the sale of Boston Hoosac
Tunnel & Western was made to the Fitchburg R. R.; the pro¬
ver
posed issue was announced of $4,000,000 preferred stock and
$2,500,000 bonds by Norfolk & Western to build the Clinch
Valley Division to connect with Louisville & Nashville. The
Bank of England rate remained at 2 per cent.
June.—On the 14th the coffee speculation failed here and on
the 15th came the collapse of the Chicago wheat clique, fol¬
lowed by the sensational failure of the Fidelity Bank at Cin¬
cinnati.
Money was very tight during the excitement an 1 as
high as Y& and 34 per cent a day was paid on the 21th, when
the panic occurred led by Manhattan.
The sale of 50,000
shares of Manhattan stock by Cyrus W. Field to Jay Gould at
120 was announced afterward. " St. Paul announced the issue
of $10,000,000 new stock. The Western Union Telegraph Co.
resumed dividends and declared one per cent. The Inter-State
Commerce Commissioners decided that each railroad must in¬
terpret its own liability under the long-and-short-haul clause
of the law.
Denver & Rio Grande declared its first dividend
upon
The plan for reorganization of the
Railroad of N. J. was brought out. The Bank of Eng¬
its preferred stock.
Gentral
land rate remained at 2 per cent.
July.—Depression ruled at the Stock Exchange. The Bal¬
timore & Ohio negotiations finally came to an end on the
20th, when Mr. Garrett’s letter was made public, in which he
declared all negotiations with Ives terminated.
The specula¬
tion in cotton culminated without serious failures.
began to come from Europe. The Bank of
mained at 2 per cent.
August.—On the 3d Secretary Fairchild
Gold
England rate
re¬
issued his circular
offering to prepay interest on the 4 and 434 Per cent bonds up
to Jan. 1, 1383, and also to purchase $20,000,000 of 434 per
cents on weekly offerings to the Government.
Under this
arrangement a little more than $6,000,000 bonds were pur¬
chased during the month.
On the 11th the failure of H. S.
Ives & Co. was announced and greeted with cheers at the
Stock Board; the Cincinnati Hamilton & Dayton and other
inroad a were involved. Later in the month Grovesteen &
her western frontier.
RANGE OF PRICES IN
Opening.
Canada Southern...
Central New Jersey.
Central Paeitie.
Chic. Bur. & Quincy
Cliie. Mil. «fc st. P...
Cliie. A Northwest..
Cliie. R. r. & Pac
Cliie. St. P.Minn.tfcO.
Delaware & Hudson
Deb Lack. & West..
East Tennessee
Do
1st pref.
Lake Shore
I.ouisv. & Nashv
Manhattan
..
63 b
5(5
N. Y. L. E. & W.....
N. Y. & New En<c...
N. Y. Susq.
West.
Norfolk
Western.
34 “m
55 b
pref.
52 b
277s
12b
2314
61H
29 b
Oregon R’y & Nav. 104 14
34
Oregon Trans
51b
Paeitie Mail
37
Pliila. & Reading...
Rich. & West Pt.Ter. 43
Do
pref.
St. L. & San Fran...
Do
pref.
81
32
6.5
58b
St. Paul & Duluth..
Do
pref 108 b
Tenn. Coal A: Iron.. 44 b
62
Union Paeitie
April
May
M-ny
Julie
12
17
IS
7
140b Mav 17
54 b May 17
4Sb
.
Northern Paeitie....
Do
pref.
Ohio & Mississippi..
95
127 b
126
66*4
1.5*1-2
Michigan Central... 93b
(561*2
Mil. L. S. & West....
331*2
Mo. Kan <5r Texas
Missouri Paeitie
10814
Nash. Chat. & St. L. 88
N. Y. Central
113*8
Do
150
1 15
103*4
137 >4
16*4
SO b
95*4
Ilic/fiesr.
Gib May 19
8(5 b April 10
4 3 *s
43U
137b
90b
1887.
'
106 b Nov.
25
139 b June
17
Jan.
82^ Jail.
98*4 June
70 b April
161b April
1
3
13
30
1 1
May
20
39
18
9
19
88*4 Jan.
114 b May
19
b May
94 b May
34 b April
95
112
35*b April
Mar.
Feb.
14
23 b Jan.
55 b May
34b July
03 b May
32 b April
66
105*4 May
35b
April
r>
«>
12
29
14
3
10
18
19
4
19
7
58*8 April 7
71*4 Nov. 16
Jan. 17
53
87 b Jan. 17
41*4 May 26
84 b May 26
June 20
95
114*4 May 23
54b Jan. I t
03*4 May 18
22*8 May
G
Wabash
18b
pref.
Western Union
35
38b May 3 8
7 o\
8178 Noy, 17
Do
Lowest.
49
July 30
3
55 b Jan.
14
2Si*> Oct
123 b Oet. 17
09 b Oct.
17
101b (>ct. 17
1
Nov.
1 09
34
Oet.
17
90 b Sept. 21
123 b Oet, 14
9b Oct. 17
52
Sept. 21
89
Oet. 14
13
54 b Oct.
92 L> Dee. 13
1
80 ” Aug.
(5
00 b Jan.
l(5b Dec. 10
1
84 *4 Nov.
08*4 Oct. 14
101*4 Oct. 14
14
2 Ho Oct.
34*1 Oct, 17
7*i Sept. 20
13
Oct,
34 b Oct.
Oct.
20
41*8 Oct.
17
15
12
18
17
33
Closing.
50b
75 b
32 b
130 b
70
108
113
40 b
103 b
129 b
10b
(50 b
94 b
Olb
9(5*4
87
85
18*8
89*4
78
108 b
28 b
37 b
9
10
43
22 b
40 b
13
24b
89b
21*8
32b Sept. 21
3578
1
05*4
23 b
54 b
21
Oct.
79 b Oct.
16
Oct.
34
Feb.
20*8 Sept. 21
43
Sept. 20
30
Jan.
27
2
61b Feb.
55
Oct. 14
Ang. 2
21b Sept. 19
99
37
72*8
02
100
1
1
28*4
58*8
15b
28 b
07b June 24
'777*
44
Oct.
13 b Ft b.
23*4 Feb.
17
January 7,
THE CHRONICLE.
13£8.]
MERCANTILE
FAILURES
IN
THE
UNITED
STATES
13
AND
CANADA
FOR
SIX
YEARS.
FAILURES FOR 1887, 1986, 1885, 1884, 1883 AND 1882—PREPARED BY
MESSRS. R. G. DUN & CO.
j
'
1887.
1886.
I
Number
in JBusiness in
1887. i
No.
Fail- Amount
ritories.
No.
Fail-
of
Liabilities.
lives.
1885.
Amount of
Liabilities.
ures.
1884.
No.
Fail- Amount of
Liabilities.
ures.
|
No.
Fail-
'
ures.
;
1883.
No.
Fail-
Amount of
Liabilities.
1882.
No.
Amount of
Liabilities.
ures.:
A
mono
t
of j
Liabilities.
ures.
Number
in Fusi71 ess in
1882.
■'
Eastern.
14,266 Maine
8,434 N. Hampshire.
6,003 Vermont
236,088
375 4,106,140
275 4,848,617
122 3,127,662
117, 3,500,484
Tot. Eastern 1,144 17,834,419
1,110
45!
(
Massachu’t’s
)
Boston....
16,920 Connecticut
102,232;
.
..
Middle.
j
120
694
240
Philadelphia
4,297! Delaware
I
26
16.495 Maryland....
3,884 Dist. of Col....I
279,267 j
Southern.
,
;
West Virginia.
No. Carolina..
So. Carolina..
57
145.
78
Georgia
195!
1
1,722,971!
7,056,083!
Ill
617
8,252,109!
495,219,
3,050,461
205!
*
Mississippi
Louisiana....
Texas
Arkansas
i
Kentucky.....;
Tennessee
....
2,809,0171
170,500;
3,631,9711
280,403'
1
223
1,098,932;
113
111
2151
78-
7,098,241
837,900i
£81
3,274,244:
198!
1,480,004!
154
256,558
572,072
48;
683,707
45,
390;
4,010,791
6,332,329
3,285,269
1,464,396
391
235
109!
3,223,707
4.373,518
1,248,591
305!
136:
1,714,486
169|
677
7,999,341
506, 19,87.1,996
9 49,049
122;
748] 9,804,137
!
204
706
23!
195,250
.177! 3,777,804
41 i
212,094;
j
$
2,253,110
418.799
5,724,2631
4,560,833
20,908,858!
3,251,792!
744,242
U9j
17,223,831 1,197
1
10,949,894
1,319,339!
12,340,1331
121;
2,182,425'
531;
10,062,0711
112]
32
942,014;
54,
39!
327
395,045
147,348:
2,8S8,161
107;
6,004,450
41,600
2,155,419
898,963;
5,608
14,411
37,861,897
545
0,892,032 i
553,900'
2,028,189
896,852
61!
96
88
'
585! 10,794,708'
718| 77,875,721;
119
653!
225 i
27
2,991,969;
270 i- 7,646,023
96
751,327 i
169 1,044,113
119
1,428.578
1,872,703
603,302
1.878,716:
212'
1,053,774 !
1181
503
90.
96
223
75
1,750,737
548,783 !
969,961
77'
173
205
507
100
275
$
875,267
28.210,225:
174'
3,509,349
200,757!
1,864,502!
278,497!
15!
127
38
1,127.102
2,780,31.3
5,313,727'
1,178,051
2,144.040,
1,679,0391
193!
06
170
102
238 i
2,566,235
49|
366,103
44
39
157:
1,017.135
3f-8
94!
276:
282
3,394,400
493]
818,325;
1,941,589
1,800,019:
121
215)
i
68'
155
184
998,150
215' 5,035,11 1
238:
1
2,415,254
605,560
1.241,621
88,089
444
455
113
431
7,144,217.
21,212,303
1.871,998:
79,432
39,548
22,786
109'
5,655,315.
4,005,837.
79,400
67,586
19,215
3,598
1,201,1401
13,500
121
80
23:
|
877.065
3,412.571
1,448,815!
134
55
354
407,053;
93
213
34
55 j
1511
177!
320
154,837
670,534
1,453,311
3,001,254;
5,408,910!
4,365,375;
1,149,16-1;
84!
2,063,265
1,654,861)
220
248,742
2,235,299
45,
389,458
931,822
908,542
1,930,563
167,320
1,188,276
2,335,957
3 162,9 4 8
12,030
6,791
8,585
5,794
1,151,666
93
138
17'
85
197
178
204
95
596.723,
1,667,727
974,326
154;
41,385,652
13 1
650,710;
2,658,722!
3,335,678]
3,057,865!
3,077’
137
1,357,806
2,180,839
297,677'
12,704
7,639
6,007
13,491,400
35,368,988 2,498 15,865,840 1 2,592 112,856,060
;2,136i 57,108,534 1,067
|
:
1,046,000
385,631'
231!
!
.
16,571,66*1;
622,218!
5,523,064;
2,271
1,073,827;
3(50
271
126
176
5,694,088!
351
107
2,109,802
9,319,040
'
$
1,050,181
563,392
18.259,558; 1,261! 12,430,433' 1,375
25
129.
1,713,4021
564,409i
93; 1,637,47714<> 1,133,13 l!
193
2,30 %374
i
543,494
44
'
.
138
205
79
1,906,684
6211
528
288,865'
44
j
.
Virgin a
4,691 Florida
9,587 Alabama
8,688
11,341
19,0-4
9,817
22,153
12,875
152
3,225.279
429,712
725,547
.
Total Middle 2,345 69,980,433
i
15,450
8,513
9,755
6,973
11,265
203,650
! '
I
553 8,273,224;
516 40,841,506!
88,244 New York....!
N.Y. <& B’knJ
52,933
29,849 New Jersey-, i
58,481 Pennsylvania.!
25,084!
$
167
48
45
341
285
92
132
!
48,703
$
1,811,778
162
48-
11,215
2.508
7,364
7,187
9,399
17,246
6,593
19,352
1,014,254
754,724
3,716,096
1,632.864
131
3 64
12,217
1
Tot. South’ll 2,224 23,707,961
150,492
Western.
( Ohio
f>\ S70
i
Cincinnati
37,786 Indiana
( Illinois
67,814
...
i
Chicago
1
118
212
4,419,254
308)
1,833,49 1
189
91
235
2,459,744
5,997,478;
371,
275
1,375,915,
202
188
373
202
320
189
152 j
..
35,863 Michigan
29,404 Wisconsin
2,384,950
3021 1,976,822!
29,686 Town
26,197 Minnesota
( Missouri
52,041
A
St. Louis..
269! 3,222,800
.
23,201,508 2,346 28,814,066! 2,291! 28,318,557
i
!
4 ,279,101
58S
552
9,710,039
91
,562,4 57
112;
2,095,680
2,995,8-2
293: 2,435.528
,739,089
304
5,775,1 13
3 ,923,672
372
374 ]
3,510,241
5,714,951
4 263,684
312
329
2,348,012
6,946,980
o
209,007
238 2,018,315
303
3,780.041
3 940,167
169
170
1,259,006'
4,252,470
1 932,313
370 2,354,757
412!
2,435,653
o
205,740
190] 1,539,093
220
4,510,101
.
398; 4,405,896
..
26,914 Kansas
17,158 Nebraska
2,349
2,140,700]
09
1
140;
55 ]
289:
1,702,286!
297
.
196;
644,9481
904,222]
5,570,7281
o
O
161
994,897
847,035
1
135'
059,736
844,723
■.
182
73,
285'
928,006
1,790,100
1,377,177!
141'
819,854;
1
1-
392,733
Tot. Western 2,948
Par. if: Ternt's.
516 Indian Ter....j
6,167 Oregon
: 129
26,522 (California.. 1 272
l 8. Francisco; 183
8,216 Colorado
:
79
1.370 Nevada
I
14,
2,075 Utah
I
39
1,943 New Mexico..!
17
919 Wyoming
11
i
2,449 Idaho
16
i
11,073 Dakota
| 114.
2,737 Montana
39’
I
33,969,509! 3,094
647.200!
1,660.700!
15,282,006!
3,861 Washington.
1,007 Arizona
102 Alaska
!
165,700!
233,500;
231,800
420,650
253,800
162!
447
225
139
2,259,385
1821
329,500
23
30
196,800
35'
201,921
189,808
72,500
51]
2oj
6;
20
88
v«>!
361,100
39,700
25
112,736
404,890
8
117
30
143
25
2
220,765
113
588,200
108,700
1,013‘
7,971,450 1,230
9,062,893
1,341
167.j60.Q44]
9i$34!
"4.644.1 IQ '0,637
124,220^21
lo.gbS
OP
!S|
1,252
PRICES
110%
110%
109**
110%
Lowest..
.
OF
GOVERNMENT
110
.
Closing
110
.
x
Lowest..
Closing
.
Opening
Highest
Lowest.,
Closing
x
127%
128%
120%
129%
182%
132%
)82%
132%
SECURITIES
128%
1283*
128%
123%
134%
134%
134%
134%
137%
137}*
137%
137%
128
135
135
128
135
129%
135
136%
136%
136%
136%
110
128%
129%
128%
129}*
134%
134%
134%
134%
137%
137%
137%
137%
110%
110%
110%
110%
.
Highest
Lowest..
.
Closing..
Opening.
.
Closing...
X
FOR
129
....
129%
128%
129%
....
1088*
109%
129%
129%
109}*
109%
129
132%
132%
129%
132V*
x
132%
37,449'
1,510,967|
450,023
14,713
7,848-
19,019,175
303,485-
"
1,260,191
310,200
29
182,200
305.220
15
12
274,071
135,500
5
33
12.500
194,952
rr
71,000
1,638
2o
31
128,300
454,000
1,847
11,239,731
731
6,653,214
50,059
172,374,172
6,736
i547<364
822,236
787
8,587,657
61,133
544,32 l
13,300
173,300
1,075,780
315,000
546,837
582,100
....
193.500
1,552,000 ?
4.027
V,195 000
4
7,825
1,471
2,357
1,377
584
937
6,744
952
21
....
THE
YEAR
1SS7.
Exchange. 1
July.
Lowest
109%
109%
108%
Closing
109
Opening
Highest
x
Registered Bonds.
|
1899.
128%
128%
127%
127%
131
127
128
129
128
129
132
132
131
August.
108%
110%
Lowest.
108
Closing
108
128%
125%
125%
108%
108%
125%
125%
108
124%
108%
124%
Opening
Highest
128
129
128
129
September.
x
.-.
Lowest
Closing
....
....
....
«...
•
•
•
•
•
•
•
•
....
October.
Opening..
Highest
108%
108%
108%
108-%
Lowest
Closing
x
124%
126%
124%
127
126%
127
•
127
.
.
.
«...
127
....
....
November.
137%
137%
137%
137%
Opening
Highest
109
126%
109
128%
Lowest
108%
108%
120%
126%
Opening
Highest.,
107
Lowest
107
Closing
108%
125%
126%
124%
126%
Closing
June.
Highest
lowest...
79
267
113
1898.
~
120%
110
9%'S4\
14,088-
1,446,450
2,701,720
4%s, 1891. As, 1907. Os, cur'cy 6s, cur’cy
May.
Opening
York Stock
Opening
109?*
108%
109%
110%
13,071,996 1,046:
1,106,942!
1,415,773
355,990
Coupon Bonds.
April.
..
....
58,051
31,787
24,411
28.217
1,986,664
349]
50]
36;
528,700
1,193,740
221
'
59,433
32,488
35
237
138
169
Highest
100
110%
955,106
765,734
1,688,565
2,239,586
1,456,^70
97
1,599,600!
2,032,300
cur’cy
4s, 1907, bs, cur'cy bs,1899.
1898.
March.
Opening
Highest
93'
2,686,817
194
70
46,878,403 1,950
Registered Bonds.
February
non
110%
2,967,432;
2,249,651
1,129,882
895,669!
2,252,26*2!
726,670
350,700 1
10.386,884'1,256! 8,861,609' 1,327; 19,191,306 1,384' 15,949,361!
January.
Highest.
4,347,095
90
26
353,640
841,200
226,343,427
3,188,733
13,203,279
is!
74,000
729,642
288
47
124
158
103
189
3,426,182'
31
5
1
1
-
54,872,9S3 2,961
20,998,123. 126,283
i
.
1,705,575
116
155
71
161
100
765.182
309,910
'
10,485,273]
420
281]
973^2,068,617]
pom. of Can.. 1,382 16,^ll,745
536
79
270
328 !277
275
173
1,457,500
2,411,400
3,755,500
62
25
2 2;
19,785,607 1,018
i
220
353
220
1
4%s, 1891
Lowest
1,400,396
1
Coupon Bonds.
Opening
Highest
220,
r-f
73^,100
2,631,700
2,454.400
(Compiled from sales made at the New
Closing
508,854
17]
9,634
Opening
5,849.456
97'
33,000:
!.
COURSE
7i
100
19
631
534,823]
}
74,266
134,800
20,3->7
373,-100
44,100
9.800
765,973
11;
1,151,850]
6
2,750,400:
698,520
82
12!
9
12
253,199]
1,367,400]
54;
1,544.000]
211-
45,800'
213,557!
•
717,900 !
127;
997,041
85|
29,842,615 3,302 28,047,097, 3,369
343
479,30-j
191
00 -n
....
•
•
•
•
...
....
....
....
December.
....
....
r
108%
• • • •
....
....
....
....
• ••«
....
THE CHRONICLE.
14
COURSE
THE YEAR 1887.
SECURITIES DURING
STATE
OF
PRICES
OF
[Vol. XL\ I.
[Compiled from prices bid at the New York Stock Exchange on
each Friday.]
I
•4
1
SECURITIES.
-
Alabama—Cl. A, 3to 5, 1900. 105
102
107
103
Clans A. small
Cla-s H,5s, 1900
•2
J
-
‘
Class C, 4s, 1900
0s, 10-20, 1900
Arkansas—0s, fd., 1899-190<>
7s, L. It. & Ft. S. issue
7s, L. It. I\ B. & N. O
7s, Miss. O. & It. It
7s, Ark. Central Hit
103
10
24
20
20
25
7
109
93
Georgia—7s, cold bonds, ’90.
Louisiana—7s, consol., 1914.
•Stamped, 4s
7s, small bonds
108
Michigan—7s. 1890
100
Missouri—0s, 1887
0s, 1888
0S, 1889-1890
Asylum or Univ., 1892
Funding bonds, 1894-95...
100
100
112
115
-107
-105
-109
-103
-104
109
105
10
25
21
22
22
7
27
21
20
20
-
-
-
8k
-
-107
-113
I 107
i 113
107
-107
-114
-105
101
10k 10 - 10k 10
25
28 *, 25 - 25
22k- 22k 22
22 - 25
25
24
25
25
! 22 - 25
9
7k
7k- 7k
-
-
-
-
-
104
-105
108k-108k 108k-108k 197
-109
94
i 10834-1 OSk 100
105
-108
-100k 107
104
-107
112k-113k 110 -11236 112
h)4%-104% Io3k-I0334 103
103k-104k 104%-105
10k
-
108k-lO8%!10Sk-108%'l08
107k-108k>
105
-105
11
-
iok- 11
1
35
34k
-
26
34
34
-12
-
-
-
-105
104
25
s 25
25
10
-
33
-
27
-
3136'
33
11
-
112
115
118
loani1893
No. Carolina—0s, old, ’80-’98 35
35
6s. old, A.& O
170
N.Cnr. HR.. 1883-4-5
N.Car. RH.. 7. coupons off 140
170
N.Car. HR., A. & O
N. Car. ltlt., 7, coupons off 140
12
Funding act. 1800-i900
Funding act, 1808-1898 — 12
New bonds, j. & J., 1892-98 22
22
New bonds, A. & O
10
Chatham RR
Osiloan,1891
23,1809,non-fund., 1888...
Brown consol., 0s, 1893
,
-112
-115
-118
35
35
-170
-140
-170
-140
-
112
115
j
-
12
12
22
22
10
-
-
-
-
-
118
35
35
170
140
170
140
12
12
22
22
10
12
Tennessee—6s, old, 1890-2-8
0s, new bds., 1892-T8-1900.
0s, new’ series. 1914
Compromise 3-4-5-0s, 1912
New Settlement, 0s, 1913.
New Settlement, 5s, 1913.
New Settlement, 3s, 1913.
Virginia—0s, old
98
-
97
-124k 125
-120
115
0
107
05
65k
65
65k 05
65
05k 05
75
75k 75
-105
105
105
101
100 -102
78
78% 78
48
48
47
48
43
47
48
47
48
90
95
95
53
52
65
65
05
12
12
15
12
1241- 15
120
121 -121
107
107 -107
0k
-107
-
-
-
-
-
-
bonds, I860
6s, new bonds, 1807
consol,
bonds
Os,
0s, ex-matured coupons
0s, consol., 2d series
6s, deferred bonds
0s.
-look! 100
034-
107
65
new
-
-
-
-
..
-
-
Trust receipts. 0s
Dis. of Columbia—3’05s,1924
Funding 5s, 1899
-
.
mm.
ini
COURSE
N.ov’bek.
-112
-115
-113
-
35
-170
-140
-170
-140
12
12
22
22
10
-
-
-
112
115
118
35
35
170
140
170
22
22
-
10
-
170
140
170
140
12
12
-170
-140
12
12
22
22
10
22
22
10
13
13
12k- 13
13%
-
35
-140
140
12
12
-
112
115
118
35
-112
-115
-118
35
35
-170
13
-100
98
95
97
95
95
-125k 125k-125% 123
110
110 -117
-110
-
-112
-115
-118
35
35
-170
-140
-170
-140
-12
-
-
12k
-
22
22
15
-
-
-
-
_
-
_
-
-
1536
14%
1336
-
98
95
-
112
115
118
! 35
-112
-115
-118
- 35
1 35
-
!
-103
-112
-115
-118
35
-
140
-140
170
-170
-110
140
12
12
1236
12k
22
-
ia
22
j
35
-170
-140
-170
-140
170
140
170
140
12
-
22
22
10
14
22 - 22
.9-10
12k- 3 4
12k- 34
1236- 14
J
26
—
-
2«k
-
98
95
-
95
-12336 123k-123k 120
-110
110
116
-110
92
35
-
-170
-
-
-
-
-
-
-
-
-
“
....
-
‘
100
102
i 10
; 20
20
20
20
9
105
100
J
Dec’ber.
140
12
12
20
20
12k
12k
-
22
22
10
-
9
14
14
14
16k
-
90
95
12)
115
95
-
-
-104
-no
109
112
-112
-123
-110
-
-
-
-
-
-
-
-
-
43
48
48
90
-
-
.
65
13
-
48
-
48
-
120
107
48
-
52
65
| 52
-
52
05
-
05
iok- u
10
-
10
-13
11
52
05
-
12
120
12%- 13%
10
-120
-109
-
48
90
4S
48
48
90
48
90
-
52 - 52
05 - 05
11-12
-
-
-
-121
-I0m 107
j
OF PRICES
OF
48
48
48
-
-
-
-
-
90-
-
....
00
10
10
12
48
48
48
90
-
.
.
-
05
-
10
.
Febr’hy.
|
.
10k
-120k 120*6-121% 121k-122
-107k 107
-140
-
-
-
-
-
-
107
-107
1
104
108
....
-109
-112
110
-
-107
14k
-121k 122
....
.
10
15
15
7
-
10
12k
11
11
-110
no
48
48
48
48
48
43
90
90
40
45
00 1 00
10
! 10
10k 10
-121k 120
-100
•
-
-
-
-
-
-
-
6
-105
00
00
00
70
5
-
-123
-115
50
50
-
50
-
115
0
-105
59
5
-
105
57
57
57
67
101
-
59
59
-
-
-
.
101
-100
ll(K)
70k 08
48
i 47
47
48
48 i 47
90
| 90
40 k 1 45
00 | 00
-10236
-
-
-102
-100
09
-
-
-
-
-
-
-
-
-
-
-
10k
103.
June,
Stock
!
8
117
105
~
.
48
48
90
45
00
48
90
45
48
.
100
104
-110
-102
-105
!
-
10
-
20
20
i 17
-
20
-
-104
-100
i
!
18
18
18
-
.
j 104
-105
100
-mo
88
-105
-
90k- 91k
87
105
88
-mo
-
-101k 101k 102
-101k 101k-102k
-105
-109
-111
-104k
-110
-110
10 4
109
110
-
-
10
10
95
iok
90 "
-
-
95
-103
-103
-113
-115
-118
35
35
-170
-145
-170
-145
-110
-
-
-
-
-
-
-
-
-
-
-
5k-
-100
58
58
58
100
59
59
59
07
-103
-100
j 09
-
-
-
-
48
48
48
90
45
00
8
-
-
-
-
-
100
100
70
i *8
i 48
48
90
|
45
00
! 00
8
8
!
9
8k 1
8k8%
117
-117
117 -117
105
-105 !....
-
-
-
-
.
.
.
—
-
'115
5k'
-
100 -103
100 -103
112 -112
115 -115
117 -118
35 - 35
85 - 35
170 -170
140 -140
170 -170
140 -140
10
10 - 10
10
10 - 10
15
12 - 20
15
12 - 20
10
8-8
8-12
10k
10
8 - 12
10k
90
94 - 90k
93 - 95
95
117 -120
-118
-115
115 -115
.
5
100
59
59
59
08
100
5%
-107
00
59
59'
70
-100’
-100
-
-
-
-
-
-
-
-
-
-
.
72%
-
48
48 - 48
48 - 48
75-90
41 - 42
00. - 00
7-7
8k9k
48
48
90
48
00
8
10
-
-
.
4s
-
-108
00
60
60
70
-102
71
48
72k
-
5k
-
-
-117k 115k-116k
-105
-105
.104
.
1881
Exchange.]
July.'
i
J
-
09k- 69%
48
48
-
-120
.
IOO
-
;
-108k
-108 '
20
-
120k-120k 118
-
104
-
.
-
_
122
115
-
-
-
i'o'
95
-123
-110
-
-
‘
95
-
....
-
-
-
-
.
i'o‘
-
-
115
118
35
35
170
140
170
140
10
10
10
10
15
15
15
15
8k
8
12
10
-
-
-
-
-114
-115
35
35
-
t..
|
105
107
1
__
-1
-
n
u
-
95
-
-
-
112
115
35
35
RAILROAD BONDS FOR THE YEAR
MAY.
-
“
109
110
-
! 105
89%- 92
89
-109
87
105
101
100%-mi
101 -101k 101
90k- 97
-
1
April.
March.
48
48
48
90
40
00
10
10
121
10 6
-
170
140
170
140
10
10
15
15
7
n
-170
-110
12
12
20
20
-'
9
15
14k
-
-115
-118
35
35
-170
-140
-170
-140
10
10
15
15
7
118
35
85
-
-
-
115
-115
-118
35
3i)
-170
-
-
100
-112
-101
-101
-112
-115
-118
35
3o
-170
-140
-170
-14b
12
12
22
22
10
15
15
15
97
95
-
-•48
48
48
90
104
-1003; look-100,0; lOlk-lOlk 101
-look I00k-l<3o36 ioik-ioik 101
112 -112
112
-112 ~ 112 -112
104
10
-
-
100
100
112
115
118
35
85
170
140
170
140
10
10
20
20
8
12
12
12
110
-
48
48
48
90
-
-
112
-
48
48
48
90
18
18
-
8790k
85
100
-100
-108
-103
-105
-
-110
-112
112
-
48
-
109
100k-101
-104
-110
-
-
-
104
-
-
-100
-100
11
22
20
22
22
11
-105
-102
-104
-
-
105
100
100
102
10
18
104k-106
:
-
-
-
-
August.
Sept’her. October.
NpV’BEIt.j
Dec’bej.
|
Low.High Low’.High Low. High Low. High Low.High Low. High Low. High1 Low.High
30k- 88
85%- S7k 85U- 87k
87
88
-
|
80
....
25k>- 28U
29
253-4- 30
91
-
90
-
34k
33% - 3h
22k- 22k 33
122 -123k 123
125
-125
110
-112k
95
| 9234- 93k
-100
33
-
-
88k!
.5;100%-107kjl07%-109
101k-103ki 102 -102
j 108
-1U9
il07k-109
! 100
82%- 84%
....j....
35
-
35
30
j....
82
-112
....
-
....
99%
-
-
....
-
35%
-
....
110%-ll2%lll2k-113
84
87 j..., -
....
99%-99kj....
80%- 83
-81
26
-
....
-
2,.k-
32k
25k
|
24k- 30% 23>6- 28
-
....
-
108k-ll0
107
-108
101
mo
-100%' 99k-100
-101
....
.IOO
-
82
25%- 29
25%- 20%
82%
-
81
-
81
....
90
93k- 99
-
....
96k
-
-
.
....
L10
-100
109
-110
mo
-107
100
-100% 105
-108k
78
-
78
80
-
80
95
-
95
90
-
98
105
-105
104
107
-108
lOOk-107% 104%-I05k
82
-100
-
83
98
98
-
105%-100
83
-
S3
_
_
_
-105
-109
....
-10Sk
99k- 99k
105
-
108
%
_
100
_
|l08
82%- 83k
-125k 119k-125
109%-llOk' 10534-109%
1
...
81%- 83
_
-1256b 1255b-125% 125'<-125% 125
110
99
-
33k- 38%
_
C.Ilap.I.F.ArN.—1 st,6
-
170
_
Cons. 1st &col. tr.. .5;
-
-
-
B'klyuEl.—lst,1924 .6
tid niort,, 1915 ....3-5
Bur. C. K. & No.—1st.
-
-
-
-120% 120^-127
Cold, 1
coup
5 iiok-mk 109 -111k
Beech Creek.—1st, g..4
-
-
20
25
22
25
11
0
0k
5k- O
0k- 7
034
6%- 7%. 6 - 7
-109k 109k- 109k 109k-109k 108k"109k 108 -108% 104 -look 105
02
59
05
i 02k- 04
05
04
02k- 03% 00
04k- 65
62
59
05
04
04 k- 05
| 02k- 04
02k- 333% 60
05
62
59
05 i 62k- <34
04
05
02k- 03% 00
04k- 65
Ci
1
70
70
75
72
74
74
72k- 74
7034 74 - 70
-103
102
102
104
104k-106k
-100k 303 -104
-look 106 -100k
100 -102
102 -103
100
102 -103
102 -103
-102k 102k-103
74
74 - 70% 72
70
78 ! 75 - 77
78% 78
78k 77
6
Balt. & O.—1st, r.Br. D 126
90
35
25
28
23
-
-
-
-
-100
j 105
-look ioo
....
95
-
O
Host. II.T. & Wes.deb.5
103
98
100
10
20
20
20
20
11
-102
JO
20
25
20
25
11
|104%-105k lO5k-lO0
100
104
-
ssk- you
(i
ncoiue
-Iu3k
-
14
iok
13k- 10k
! 98
Low.High
86%- 90
-101
100
12
-10 7
-100
ioo’ -100 ioo" -100
sm ;- 85% 84%- 8a
84%- SO
Ho
83
82
82
82k 81
-107
100
100 -100 ' 100 -100
100 -100
100 -100k 100k-101
'
Alinntic A: l*ac.—1st...4
West. Div,—1st
6
102
_
103
112
115
118
35
35
170
BONDS.
Central Div.—Ine
27
22
25
25
10
100
mo
too
100
110
112
115
35
35
170
140
10033-103
tit the New York
•January
-1UD
-
_
0s, 1919
Rhode Island—0s. cpM ’93-94
South Carolina—0s, act Mar.
.
-
_
100
90
124
120
.
.
105
104
‘102
1031 10
-
-104
-104
-104
98
-102
10
25
20
22
2£
11
103k-103k 102
,
-1U4
10
-
-
-
....
Consol., 4s, 1910
102
100 -10O
100 -100
100 -100
93
95 i 95 -loo
91
87%- 8837 88 - 88%
80M 81%- 8136 8334- 92% 89
89
85 - 87% S7%- 88 1
85
82
82 - 87
8n
107 -107
103 -108 1 108 -108
107 -108 • 107 -107
-108
102 ,102 -10236 10236-10236
102
-100k 100k-1003! 101 -101
-101
10234-10331 10314-1033; 10334-10336 103 k-103k.
19lk-102
-107
106k-107k 107 -10736 1003;-1073j 100 -100k lO0k-lOOk
112 -112
112 -112
112 -112
112 -112
-112 1112 -112
115 -115
115 -115
115 -115
-115
j 115 -115
115 -llo
ilk- 13
Special tax, class 1, 1898-9
Special tax', class 2
-112k 109
100
-104
iok- iok
-108%; 108 -108
-100
-104
-110
-101
.
-
-
inn
0s, loan, 1892
-107
103 -lOo
10k- H
29 - 29
22 - 22
30 - 30
30 - 30
New Fork—0s, gold, reg., ’87 i oo k -161 k I o i “- i o I k i o i k-1 o i k 101k-102k 10ik-102
1003* -101k 101 -101k 10Lk-101k 1013;-102k I01k-102
0s, gold coupon, 1887
—j— - ..
100 -101
l>tmort„ 1921 —5j— - — — - -.
40 - 40
40
40
38
42
45
41
45
40%.'42
42
■!....
i
43
40
B.N. Y.& 1*.—1 st, 1921.6
...S
-in7k
mr
Carolina Cent.—1st — O'... - ....j..." - —|— - —
*82
82
$5
81
*89
*81
*91
94
*80k- 82
90%' *S7%- 90% *80
Central Iowa—1st
7j*89 - 90k; *80 -90 j 90 - 90k *91
73
71k- 72 !
07k- 71k 72
Eastern Div.—1st —6
99100
09
Km) -100% 98 -101
99k
Cent. KK.
B., Ga.. 5
108
-107
107
-108
107
100%-I07k
105%-105k
l'«»
104k-10l%
105
-105%
-108
-108%!
...
Cent.oIN.J.-1st, 1890.7 ilOSk-110 il0pk-107%il09k-108k
112k-l 15%|L13 -114% 113 -117
112k- 115k 111 -113
7 107k-ll0k' 10934-112 jlllk-H3k 112k-116 1I5%-117 115%-119 115 -117
Consol., assented
113 -114
112 -114
114
-115k
llik-115
113k"Hi
115%-117
115U-118%
115
-117
-1113-4111
-113-h
Conv., assented
7 109 -110 ! 110
0 r0
'£ 107 -108 jl07k-I03
103k-10Sk
Adjustment
7 105%-10?ki 105)4-107 I05k-106
..
109 -ho
98
103 -103
87k-100
99%-103k 101 -105 ! 102 -102 100 -look 98
Conv. debenture
t> S3%- 80k 85k- 89
99
95
97%-100
90%- 98%
99k-100 ! 97k- 99* 97%- 99%
Interim bond cert—5
—i— i
99
99k 97%-101
Gen. M., 1987
5 .... - .... .... - ..
109 -111 1110 -111% 109k-114
112 -115
109 -111
113 -114
! 112 -114
114 -115
112k-Ha ;ll4k-H0
Lch.iV W.B.—Assent 7110 -110k 113 -110
100 -100
98-98
.........
95 -.95
100 -100
Income
7
j 95 - 95
102 -102
100
L03k-lhl
101k-105
101% 10136Am. Dock & Imp
5 99 -102 100^-103
I02k-103k j 102k-lo3.k i 104 -100k 100 -10034
—
-
-
-
....
...
-
...
-
...
-
....
.
..
-
-
-
-
-
-
....
....
-
**
-
...
....
...
-
-
....
....
-
-
....
...
_
_
I
....
^
-
....
...
..
-
,
-
....
_
-
—,
-
-
-
—
....
...
-
.
..
....
-
....
■
=r
Sept” her.! October.
■
•j
11
I
1
,1f
August.
J ULY.
June.
May.
;
Low.High Low.High Low.High Low.High Low. High Low.High Low.High Low. High Low. High Low. High Low. High: Low .High
1
:,S
1
April.
March.
Febu’ky.
January
-
....|ll3
-113 112
Cbes. &<).—Pur.M.fcL.fir— 109
Series A
ti 107k-107k 107k-108
Series B
0 *7034- 81 ]“77J4- 78k
Exten. coup., 1980..4 73k~ 7534: 73k- 73k
27
Currency
0 2914- 32
27 - 29
-111
1113 -113
....
-
....
115
-115
....
-
110
....
-110
....
10736
100k 90 •
10134-10434 1O3J4-10034 100
-109k;100k-100?4 10034-107 j....
*60
•*74
75
76
*00
78 |*72
0934 *60 •
'75
7734 *71
73
08
72
08
7334! 68
7134* 04 - 71 02 - 00k 043415 k- 21
15
17k 14 ■
28k; 27 - 27k: 24k- 27 ! 2434- 25k 22%- 24k 20 - 2
95
91
97
9134- 89
933495
90%99K 90k- 98J4! 9034- 97% 90kMori., 1911
0! 9?%- 98%: 98 -100
- ••
104
104
....101 -101
107 j 4-108k' 107%-108
I08k-100k 105%-lOOk 10034-107
(’lies. O. & S. W
5-6; 10334-10534 101- 102
j101 •
110 -110k! 117 -117
113%- nikdi-ik
Chic. & Alton-1 St
7 115 -115k 115 -110
■
-123
125 -12534; 125k-125k;127k-127k!123 -123
123k-123k
123k-123k
Sinking tund
0 124
|123k 125
119 -119
118k 119
-122k
L.&Mo.R. 1st, .1900 7 124
1203-4-123 I
121%-122 Il22k-122k 122k-122k
-119
119
117 -117 1117k 117k
-116
120 -120
....!110 -110k 110 -117
V5d, 1900
7
118 -118
120 -120kIll0k-110k1.... St.L.J. Cb.,1st,.’94.7!ll7 -118
;112 ■ 113k 113k -11334 11436 -11536
...1
111334 •11334 113k -113k
1st niort., guar
7-— 11734-117%
-
-
-
-
-
-
-
-
D
-
-
-
96k|....
-
■
-
,
...
[llOk-116.44
....
j
...
....
....
..
-
-
.
...
Miss.lllv.Bd.
*
1st,s.l'.Oj 110 -110
Coupon off.
■
*”1
1107
-107
....
D
THE
January 7, 1818. \
CHRONICLE
15
COURSE OF PRICES OF RAILROAD BONDS—Continued.
JANUARY FEBR’RY.
March.
April.
May.
June.
J ULY.
AUGU8T.
Sept’ber. October.
BONDS.
Noy’ber.
Dec’ber.
Low.High Low.High Low.High Low. High Low.High Low.High Low. High Low. High Low. High Low. High Low.
High Low.High
104%-10596.105 -106
Chic. Bur. A Nor.—lst.Sjl 04%-105% 105%-106%
Chic.H.A Q.-C’ousol...7,132%-134% 13076-132% 130%-132 1S0%-133 13294-135
Debenture
5.106 -100% l0096-108
106%-107% 107%-108%'106%-10S
Iowa Div
Denver Div., 19*22
4! 99
9094) 9'%- 99%
-
.4| 0S%- 99 i 9S
Nebr’ska Ext.,1927.4|
-—j
-
...
...
93
....
Div....7'll7%-118%|
..
180%-180%;
|
6 115%-117
-
...
105%-105%!....
1st LaC.&Dnv
5
1st So. Minn. Div
1st H. A D. Div
7 124
1st II.AD. Div
Chic. A Pac. Div
6 119
....
-
....
6 115%-11676 115
-127 1124
-126
5
-
•
-
..
....
9994
97&- 98%
-
-
-106
-
-
.
103
-103
101
-102%
102
130
-131
130
-131
131
103
-105%! 10476-105%
-
...
-
..
-
....
...
116%-117
! 117%-117% 117J4-118
116
-118
: 115
ICO
-101
Il00«4-103
-ii5%
115
114%-115
116%-117
-117
10I%-103
!
116 -11"
113
10274-103%; 100 -100%
....
...
-115%
"
....
•
•
•
114
-115
94
.
112
I
90
-
131 -131% 1307^-130% 131 -131 i 130 -131
120 -126
120 -126
!l23%-123% 124%-124% 121 -124%;
120 -121
12894-130
129%-130 130 -130%! 131 -131
127 -127% 127 -130
12S -128
125 -125
118 -120 ! 120%-120% 120%-125 1123 -124
ll5%-1177<i 117 -117 115 -116 114%-11G%
'122 -122
12194-122%
117 -117
118%-119%
130 -131
12994-131
....’126 -126% 127%-127% 128 -125% 124%-124%
129 -130
129 -130%; 13094-130941127%-130
128%-130
126%-120% 125%-127% 125 -120
129 -131
130%-130%
120%-125 125 -125
117 -117
11714-117% 117%-11794
114 -114
1157-4-115% 115 -115
105%-105%
117 -118
119 -119% 115 -117
11694-118 ! 117%-118
113%-117 113 -114% 11174-113
125 -125%’125%-120% 126%-12S% 127%-128
121 -121
125 -125
120 -120
120 -123
...
-
....
....
-
...
-
-
•
-
121
-121
-
...
102
...
-102
120 -120
122%-122%
118 -118
107 -108 108 -108% 108 -108% 108 -108% 103
Chic. A Pac.
-105% 103%-104% 10294-10476 102%-103
Chic. A Mo. It. Div. .5
106%-106%;.... Mineral Point
5 105%-100H: 106%-106%
10394-105% 105%-105%
101 -102% 102%-102%
Chic. & E. Sup. Div.5
104%-10494 105 -105
Wis.A Min. Div
5 105%-106% 10594-106% 105%-106% 105M-106
100 -108
106 -106%! 103 -104%
Terminal
5 102%-I03%;'l03%-10394 10294-103% 103 -105
104%-1C 5% 105 -105% 101%-103% 10294-103
102%-102%401 -102
Fargo A So.—Assu...6.116 -116
115 -115
Inc. conv., S. F
97
97
5j— - —
....
....
.
97
-
-
120
-127
127
-128
119
-119
119
-121
12774-127%
130
-130
116%-117
117
-117%
117%-118% 118%-110
126 -120
125%-129
121 -126
125%-127
-
__
....
111%-111%
-
....
....
....
100%-106%
..
-120%!.... W.Div..5|l06%-l(j9 '106%-10794
95%- 96
93%- 94
91
91%
116%- 17% 114%-llu
112
113
112%-113%
95
99% 07 -100
-114
94
97
-
97
-116
10l%-102%
92%- 91
95
-
114
99%
-
96
-
95
-
....
-103
-131% 182 -133%
10294-101% 103%-104%
95^- 95j><2
92
9-194
....
-
....
-118
....
129%-130%
104%—1(K3
97%- 9894
-10694 105%-105%
-134% 13094-131
107 -108
106 -108%
99
9794- 98% 98%- 9874 90%- 99
99
97
98
97% - 98
98
9794- 98
98%
..
....
1st So. West Div
105
134
_
Chic. & E. III.-1st, s.1.6 114%-116 11594-116
6 114 -110
1st consol., gold
114%-110
100 -101%
Chic. A 111.0*1 Ky-lst.51; 9876-100
Chic. Milw. & St. 1\- |
1st P. D., 1S9S
8 133%-134%;i3i -131U
2d, 189S
7 3-10 127 -127
1st, gold
7 132 -132 1131 -131%
1st La Crosse
117^-118%
1st I. A M. Div
7 J20%-122% 121%-12194
1st C. AM. Div....
7,130 -130 ;129 -129
Consol., 1905
7,128 -130 jl28%-129%
1st I.AD. Exteu
7
129%-130
,
99
106
-
..
....
112%-115 112%-114
122%-122% 122 -122
98%-100
98-99
119%-120
“
103%-101
102 -10494
.
98-99
-
....
101
....
.
.
.
97%- 98
100%-102%
101%-102
;ioi -102
-102
-
Dakota & Gt. So. ...5
Chic. A Northwest.—
-
—
100
—
-100
|
Consol.. 1915
7140 -142
Gold, coup
7 132 -133
Gold, reg
- —
Sinking lund, coup—6120 -120
Registered
6;117%~118
inking lund, coup ...5,108 -109%
Registered
5!— - —
Debenture
5108%-110
Registered
5 108%-108%
25 yrs. deben., 1909.5|l07%-108%
Exteu. bonds, 1926..1
- ...
Dos M.A M.—1st ....7 ..«■• ...
7j—
j—
139
139
-141
•
130
-132
13094-132
130
-130%j....
....
-
-140% 133%-14094 138%-139% 139 -140
140 -140%
131 -132% 132 -132% 128 -129
12994-130
....
131%-131% 131%-132 128 -128% 129%-130
117 -117
117%-118
....j119 -119
-
....
G.Sup.—lstti;
108%-109%| 109%-110%'108%-109%
109
-110
'109 -110%j !110 -110
108%-108% 109
108%-109
Registered
Exteu. A Col
95
-
110 -110
-10994 109 -110
105%-107% 10C%-107
1
10894-10894
106 -107
108 -10974 108 -10S% 107 -107
108%-110
106 -107
109%-110
107%-10794 1077^-109% 106%-107% 10694-106%
98%' 95 - 96 \ 95%- 90% 9694- 97% 96-97
103
-105% 105
96
-
97
122
111
-111
-135
-133
-111
108
|108%-10874!108
108
-108
131%-132% 132
-133
1133%-134% 133%-135
! 132
-132
!13394-13394
130
-131
109%-110%! 109
-110% IOS-94-IIO
! 110
-110
’111
1102 -102
,101%-102
1007-2-101
I
6|121%-122% 12094-121% 120%-123
€in. J. A M.—1st con. 5
Cin. W. A 11. — 1st gu. .4%
116
-116
109
-109
103
96%
103
-105
94
-
-105
94%' 92
-
94%
107
-108
;i07
-107
107
-108%
....|l06%-106%
-
102%-10394 103
9294- 94 ! 93
-104
-
95
-125
134
-131
121
-121
426
125
-.123
121
-121
131%-1317-4
128
-128
10S
103
-106
-108
-128
126%-126% 126
-127% 126%-127 i 120
-
-127
.
-ill
112
122
-112
424
....!
93
-
93
,11974-122
-124
-125
..|117%-1177-y
115,%-l 1576
131
-131
107
-108% 10
no
-111
100
-101
12374-124% 120%-12274 419&-121
123 -123 f
124
124%-124%j 125 -125
1106
-100% 107 -107
-131% 130
12894 132
431
-131
430%-130%i130
-108%|l07
...Jill
-111
106
j
1110
11274-113
...
-
....409
;....
-
....
59%- 59%
87%- 8794 8794- 87%
100J4-10074
....
-119% 116
-
-123
124%-126
-
....
-112
110
-
j....
j 122
-123
j....
-
-
....’112
-113
-109
so
109
10794-10794
-100
8794- 8794
9974-100%
IllS
-120% 11C%-119
122%-122^ 121 -122
123 -123-H
123%-123%
...
-115
114
...
-114
115
| 9694- 97
97
11996-11996
117%-117%
(tunr, Lake Shore... 7
117%-11776
118%-118%
€1. C. C.A I.—1st, s. Id.7112294-123% 125 -125 1123 -124 j 12294-124% 121 -121
120%-120% 120%-121
Consol
7! 130 -130 128 -128 127 -12974:130 -131
Consol. S. F
7
124 -124
General cons—
Ii'107 -109 J107 -109 10996-H1
111 -111
110%-111%’ 11094-111 %408%-lOS74:
Col. Coal A I.-l st,con.6i 1007-2-102% 9S%- 9994; 99 -105% 101%-104 ;103%-104%405 -10494'102 -104%’ 9594-100
Consol. Con I-Conv
6
-Ilf
04%- 94%
-406
Cin.AS.-Gii.C.C.C.AE
-109
87
-
I
-119% 11774-119
122
...
-133
400
I
418
-130
-131% 13274-131%
132%-132%
-10874 108 -108% 108%-109%
407
-109
-
124%-125
-116
121%-121%'.,
130
-131
Il23 -126%|l26 -126
116%-116%!ll6%-116%
-125
115
131
97
-
-120
130
S9%- 90
100%-10174 100 -101
-126%j 126 -12774-
13394-133% 130%-131% 131%-132
10S%-109
i0S%-10994 109 -110%
107%-10774 10774-110 10896-110
-111
....
6 111
-
109%-109?4|....
1st, 1905
214
Extension
I
Chic.St. E.APitts—1st. 5 9894-101
Chic. St. P. Min.A: Dm.—I
mort
-136
-124
Des M. A Ft.D. — 1st.4
Gen.
-105
94
-120
-135
1307-2-131
130
Chie.St.P.A M.—1 st. .6 127
St. J*. A: S. City—1st..6 126
Chic.A' W.I.—1st,s.l,...6
...
125
-122
Keok’kADesM.-l st.5 109%-110
Consol., 1930
..120
....
100
-110
107%-108
136
6 130
5
-
....
....
’135
—
Chic.It.I.APac.—Cp... 6
•
120%-120%
....
Iowa Midland—1st.. .8
I””
Peninsular 1st conv.7
Chic. A Mil.—1st
7 122
Winona A St. P.—2d.7j
Mil. & Mad.—1st
7| ...
Ottum. C. F. A St. P.5,110
Northern Ills.—1st..5
-118
13894-139%
124%-128%
;12494-128
j 1157-2-115%’
-
...
118
...
...
Escau. A
139 -139
138 -139
137%-138% 136 -139
128%-130 127 -129 127%-129
128 -129
129%-129% 127%-127% 127%-12794 124%-129
-
•
•
•
•’115%-115%
-
....
...
121
-121
1120
105
-108
!104%-105
-120
...
96
-
-
99941 95 - 99
;102%-102%
...
Col.H.Vnl.A T.-lst
Gen. gold, 1 DO 1
Col. A Cin. Mid. 1st
.
5
6
.
.
6
Del.A'lIud.C.-1st,’01.7
Coupon, 1801
7
It eg., 1801
Penua. Div.—Coup
7
Registered
AIL’. A Susq.—1st
7
lsr
J st
1st,
con
.,
7
in.
con. guar
Mart., 1007
-
91
-
80
....442
120
7 145
-122% 121
-14594!....
83
79%- 82
79
-
84
70
-
75
SO
-
-
76
84741 79
-
7574- 30
83
-
-100
....
99%j
—
-
-
.
-142
-
...
7
-
7 139
-139
....
114
-
-
-
75
-
-
-
....
....
122%-123
419
12l%-123
|
-
-114
....
....405 -105%! 103 -103%
jl28 -128
-12074,120 -12096! 119%-120 1110%-119%
7!....
-
7 a, 1871-1 001
71128%. j v\ST
-
.
-
-
........
....
-
...
..113
-
....
-
...
I
....
-116
-
...j....
-
....
....
....jll0%-119J4|....
! 141%-141%! 141%-142
j
•
113J4-115
...
-
09
03%- 71
108
117
-118
115
117
-117
-
-100
100
-106
69
04
-
-
100
109
-109
! 99 -100
!....
74741 68 - 7194
7‘C8%- 72%
-
96
10874-109%
107
-
....
90
-109%
-118%! 113 -113
....138
-103
103
....
-
....
11974-120
120
-120
-
...J....
....
116
-110
119
-103
1117 -117
j
-139
102%-10394;
-
...
41574-117
417
-118
i 141
1141
-141
I
-
....
130%-132
431
....
....
70%
i
I
!....
....
-
....
...
...
06
9494- 95
107%-l 03
103
-
-
-
73
-100
...
j 131%-131%| 132 -132 131%-134 131 -132
43094-130% 133%-133%;1S2J4-133
HI -14294 142 -143 j 143 -144%! 141 -141
140%-140%. 140%-142%
41074-110%! 110 -11096)110 -111 110%-111 Ill -111 1112 -112%' 108%-!09
....
00
-
105
100
!
-121
...
00
i
-123
-
-113
-119
...
-131
I
in%-ii2
141
-141
418
-118
no%-no%
131%-132%!....
-
....
....429%-130
138 -139% 138%-138%139 -140
107%-107% 108%-108% 10894-110
....
107%-108%!
-141
;....
-
..
-
12774-128%
....425 -127
126%-120%:... - ....425 -125 1124%-126
].... - .. 123%-123%
7 131%-135
135 -135
135 -136%435%-13? 437%-137% 134 -134
-134 >133 -13494 133 -185 135 -13894 183 -133%
;133%-133%jl34
ti 125%-126%j 126 -128
127 -12775 120%-128% 4 2794-128%
127 -12896
128%-128%;.... 128%-128% 125 -125
125%-126
124% 125
5 109%-110
107 -108
107%-108% 10894-109 ! .09 -1099-1 109 -1C994 10996-10994 107 -109 106 -108 108 -108
108 -108
106%-108
7419 -120
11S%-120% 119%-120 120%-120V4 [120 -120% 121 -121%! 119%-120% 120 -121
120 -121%
11994-121
118%-119%
79
76%- 78% 77%- 79
7S%- SO
4| 7694- SO
82% 81
82%; 79 - 80% 77%- 80% 76%- SO
75%- 78% 7794- 79% 7796- 79
127
-127
....
....
st
0
...
j
7 113
-
.
Essex—1st.711417^-142
—
75
100
‘id mort
1000
guar
87
I03%-103%!i04%-101%!i04%-1C4%|i0474-104%
...J....
.7
Syr.IPn A N.Y., lst..7
Morris A
N.Y. E. A W.—1st
Construction
Denver A Itio G. -1
New consol...
-
76
87 | 79 - 79%
....' 70,-70
96 j
99%- ...
98%- 99% 96
lo9%-llU 109%-11»*% 1< >976-11074! 109%-110% 10974 11074! 110%-110% 100%-106%| 107%-108
11 <!%-i 1SJ4 1187-4-118%:.... 415 -11574416 -116
116 -116 !ll0 -116
116 -116
lie. -11874 11774-11774 11874-11 >%415 -115
115%-115%
141 -142
!....
141%- 1417a
141%-141%!139 -141J6H39 -141
80
....
reg.6
Reus. A Sar.—1 st
Del. Lack .A West.—
Convertible
Consol.,
84
7 130 -130 :....
6 120%-123, 1123
guar
con. guar.,
83%- 88%
-Il8%!ll8%-120
418
!....
-
I
-
J USB.
May.
April.
March.
January! Febr’ry
!
1
BONDS.
Assented, 1st
b
& P.—1st.7
Det. M. & Marq.—
70
! 80
78
-
75
Denv. So. P.
81J*
-
70.
-
79 - BOX
77% I 73%- 75%
-
75
81
-
|
-
80
75
-
53
49% - 55%
Land grants, 1911.3% 51
Det. B. C. &Alp.—1st. .6 102
R 'Tonn
V. Ar d.
1nt 9 121
-104
-103% 101
j
-122
75
75
08
76%
-
78
-
72
75%
-
i SO
81%- 82
77 - 78
79%- 82
i
I
71
1
i
82
-
-
78
-
-122
114
-115
9834- 09’4 I 9834- 99%
|
-108
122
-101
99
103
-107% Il04 -104% 103J4-104
jl07
-
j 102
-104
i
j
!117 -117
113%-114
-100
_
108
-109
115
-115
%-121%
106
-100
134
-130
134
-134
-ITS
111734-118
1
95%-100
-107
-115
115
-111
!inu mu;M2
123
-123
|j
89%- 9336
|
5
Gr.B.W.&St. P.—1st. .6
*99
38
08
.
- —
-103
99
.
•
-
.
.
*113
♦108
8
6
09
-
72
00*4- 0934
III.Cent.-GId., 1951,3%
98
98
99%
n
f!
1*21
-122
Guaranteed
5
CedarF.&M ., 1st.. .7
115
-110
115
98
-
-
40
25
:
.5
6
Erie—New....7
Kul.& W.P.—1st....7
Bull, it
5
N. Y. & M. B., 1st. ..7
Louisv.& N.—Consol...7
r<x>ilinn It mill'll
7l
-11234
02
-
97
-101
72
-
*
*
0R
11134-114%
123
^
110
87
112%-115 112
118 -11834
*
137
99%
94
-136
-
115
85
8C.%- 92
79
78
60
-
■
117
_
78
84*4- 89
-10S
-109
108 -10S
j 44
-
•124%-125% 121
....
09L; j
-
-112
72
-
■117
-120
_
j 119
-119
-117
I
80
117
-100
119
-119
76
85
-
-117%
1100
80%
-
109%-109% 102
-105
-107
.
93
94
92*6- 92%
-100
99%- 99%
-
1
_
.....
08
90%
-
08
-
97
28
-
87
31
-101
113%-115
112
-113
111
-112.
114
-114
-
104
-109% 110 -no
72
7434 71%- 72
95%- 97% 95 - 90
-
-
01 %-
70
-
71
94
-
95%
99
100
05
55
92
-
107
-100
100
-
98
-100%
37*%
::0%- 34
-118%
118
-01
Gl
-116
113%-110
114
j
112 -113%
11234-114
1
M
-103
;
100
-
00
:
05
-
93
94
105U.-10.'iU,
-107
-
-108*4 10S34-1CS**
1(8
!
-115
99
J117%-118
_
112
-
1120 -121%;1!8 -12136
j 97 - 97% 0034- «0%
120*4-122
97
98
5 99
_
110 -118 113%-11734
113^-114% 1123v-115%
-107%
97
115%-llS
115%-118
107%-107% 107 -10734
-119
-
:
90%- 96%
_
-109
-107
107
-
72
09
-
70
-
95
93
-
94
-100
107
-108
_
..
-
112%-1123«
_
_
_
....
-
120
-120
....
-
'
90
109
-112
-109
123%-123%
-122
96
99
-
*
116
11H%-116%
117%-U8
122
98
-
| 123
j
-116% 110%-110%
....
-
-100
120
-120%
-123
-
’
-118
114
-
91
82
-
82
91
-117
92
90%
86
88
-
90
90
-
90
93
-
94
-
-
90
90
-
86
80
75
79%
70
-
75
72
-
74
75
77
72
-
75
-
-
-
-
91
88
-
90
88
-
93
90
-
90
10%- 23%
20
-
24%
19
-
21
91%- 92
91
-
91
25
29
24
-
26
20
27
104%-109 108 -108% 10616-108
40
40
42
4136- 48
38
114 -115
119 -120% 112%-115% 114%-11534
-122
94
92%- 93% 92
90% 93%- 90 j 93%- 95
-106
102%-103 100
101%-103
78
75%- 70% 78
70
71 | 73%- 73%' 73>S- 75
94
95
97
97%99
99%
90
99%
96-90
106
-107
104
-105
j
-
-106%
40%
104
-
-105
44
....
...
-
-
-114
112
90
-
44%
-
....
-113
!
-
80
....
-
35
....
80
89
86
-
35
-
-
...
-
-
...
-109*6
80%
-no
108
77%- 81
75
72%- 74
89%- 92
70
-
72
02
-
92%
108
113%-114
-102
-102% 101
102
....
1 112
91
-
-
-
_
|
-
73%- 76
73%- 75%
-
90
92
89%- 89%
91
94
-
-
1
_
_
*
*
|
•
_
|
_
....
....|
J
^
•
•
....
_
103
....j
|
-103%
102*4-103*Jl0134-105
i
1
j
i
j
I
113
__
-113
121%-121J4 12134-121%
-124
-102 j
12634-120*4! 12754-127% 130
102
120
-1901^
•
-127
12334-124
123 -123%
12034-121% 120
Ini
-105% 105
1
1
93
• 100
-130
...
-
118
-in
111
94
*
[
j
I'
101
03
I]
...
LOO
-
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1O0%-1GO%
..
.
i
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118
-111
99
111
-
....
-
1
-10734 107
_
-105
1
121%-122
j
105
|
_
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....
112%-113*4! 113
....'l25 -125
113
-113
1
118%-120
_
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-118% 1185^-119% 119
no -no
i09%-ioo%-111
-
....
..
.
-
...J
-118
ns
-121
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-109% 108%-109
105
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109
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118
119%-121%
....
1
...
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108%-109 j] 09
112%-11334 109 -HO
98-98
97%- 97%) 96
97 - 99
98% - 99% 99%- 99%;
....‘113
112%-112%!
112
-114*4
1 117 -117%
...
-
115
-115%
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-114%111 -11234 109 -11134)109
-
H03
t
59-59
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104^-10411'
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os
1
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57
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1
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|'
I
j 109%-11(»6
98
98
!
-
90-90
97
-112
118
-
-
-
.
....
....
i
110
112%-112% 11236-112%
-114
-
....
-108%'10834-109 J 107
_
_
| 10934-113
03
*
126%-127%!
{]
-104
_
_
-
....
-
-119
|
..
i093i-now
1
....
104%-104%
-
;
-
i 123US-123WJ‘
121V4-121U5
105%-106%
-100*4
-107% 106*6-110
-
...
-105
....
_
-123
.
j
-119
| 105
12054-120%
-121
-lnO
119
-124
123%-124%! 12434-12434
94%
115 -115
11634-11634 115 -115
10734-10834; L08%-112 110%-112% 113
6,104^-107 jl06%-108
i
j
121%-123% 121%-121%
124
.
_
'(
-noy^ioow-ionu
I
126%-128%‘
127%-128
-115
i
_
ns*4-ns34’
12234-122UJ
126%-129
L24 -125 " 120 -120%
125 -125%'124 -124
126%-129
120%-128
123%-124% 125 -126 j 125 -125-%
123%-125
!
123%-125%;
124 -125
125%-127 12634-127
122 -12334 123 -124 j 120 -12236
123%-124% 124%-120%: 122%-123% 122%-123%122%-123% 122%-123
120 -122%
122%-123%; 122 -122% 122%-123% 123%-124
122%-123% 123 -123
j H4%-114% 113%-114
|
.!
109
-114
__
-103%: 10334-104
102
-102
!
114
-
123
’
125
••
i
...
101
10134-102
'
....j
92-93
__
_
.
-1243f 124 V-125
_
-110
100
90
116
114%-no
115
-105
104
-
'
—19.1
.
-
-.
1
9134- 95*4
-
120%-121
108%-108% 108%-no
-118%
-110
117%-11!%
97
-
<124
-121
-
-
-
109
98
-
107
:
08
90
09
39%
40*4 33%- 40% 30
-122% 118 -121% 11836-121
-103% 100 -10234 100 -103
119
_
79%
-
95
-120
-121
Div.—2d. ..3
Niuh. it Denntur
7 117
Sn.it N’n. Ala.-S.F. 6
9S%
-
-104
_
93% - 93%
9334- 93%
97%- 97%
10G%-107
953a- 60%
;
53
-
105
107
121
l.nniH
90
104
,
93%^. 93%
102
-109
12134-121%
j
-115
i
....
I 100
6 107 -10834
-no
115
81%- 89% ! 87 %- 89
-112 !
1
-118
105
_
93%- 94
95*4
-
08
-ion
105
no
112
79% - 8 4
88
_
'
6jl05 -100
6) 90%- 93%
-131
1o3Uj-104
_
78
-
117
-114
112
-110
-119
89%- 94%
105
-
1 124
-ill
131
9S%-101%
99%
i
109%-109%
!ifwi
111
....
-130
185 *-<> -135V<1
-137
-
-
133
_
84%- 84%
80
-
115%-115%
-115
102%-106%'l03 -100%
,119 -121 ,121 -121
0S
-
m:?u 104
-120
i
_
-no
....
j
-112
_
87
-
115
-117
110
1120 -121
121%-125
103%-10434
119
-105
-112%
37
'-117% L7 -117%
114L!-11.1UI115:W-1 15!K
-129
-110
i105
-108
108
-108
-
-124%
110
-135
....
^
130
....
113
-132% 133
_
j
11434-11434
_
! 110
jl03%-108% 103%-104
-130% 130
129
88
j
....
-116
_
50%
1075^-108
!
-
(110
-
-
42
Div., 1st ..6
♦.Coupon off,
....
....
|112 -112
!
.
_
& Nnsh.-lst..-6.115 -115
bonds
-105
-
Shore—Dividend. .7 12334-123*4
1st con., coup
7 126 -128 125%-127
7 12634-12634 12534-120
1st con., reg
7 122%-12S% 122%-124
2d con., coup
2d con., reg
7 123 -123% 123 -123
Trust
-108
i
-108
107
97%- 99
Xi.
Sr.
-111
105
9634- 97
j118 -118
...
-
04
19A
St. Louis
ilOS
96
05
|! 119
96%- 97%
-119
-122
95%
-
^
111
-
‘
129
Gen’1 mort
95
50 j 49
-120
120
& M. So.—
2d
120
95
94%- 97
i
_
-107% 100
119
-123
80
50
_
!10234-103
95-97
93
97%
-
-104UI 104U;-104V.
113%-114
....
90% - 90%
92
-
-
50
-112
....
1134 -134%
95
_
'
j 12134-122
12434-12434 121
114*4-114J4
E. II.
105
105
0834- 87
Mob—1st
92
-110
110
-107
953^-100
110
118*4-116*4
!“
104
97
|
-116
-
-
i
-120
111
98%-101% 97%- 99% 96%-100
-
Kentucky C., stain’d...!
Knox.&O.—1 st, 1925-6
N. O. «fc
j
-
Sp’gfield.—
consol
....
-
....
85-80
80%; 89%
8434 83 - 84% 84-80
94%- 98% 96%- 9734
95%9034
93%95%
95
.
91
943490
6
31
33%
31
34% 32 - 34% 32%- 34%
6 3034- 34% 31*4- 34 j
04
77
-
95%- 99
96%
-
I0SU-10SV
-110% 11534-110% U6%-117
101
1st,
95
135
9434- 98%
-
-
..
01%- 9034
7734- 80
5,6
5, 6
-
;
00
-
ICG
105 -107
1st,ex lunded coup..7 10334-100
38 - 41%; 39
38-38
2d income Trust rcpts.
117 -118% 121
117 -117
Intern. & Gt. No.—1st.6
95
93 - 94% 93 - 98
Coupon, 1909
6
Lnke Shore
-121
70
IDSJy.
!0Hi-<
107
-110
BI.&W.—lst,prel 7 11934-120
Ijif Iff, P. Ar. W.. new.
Lai. Bl. & M.—1 st
97
_
-138
_
99%-102% 102%-103
73
6734- 7234 70
98
98% 97%- 97%
-108U 107. -108
....
109
09
77
36
32 - 35J4 30
)10734-108% 107%-109
35%
.
-105
110%-110% 116%-110% 117
Spring!. I)iv., 1898..6
Ind. Dec.it
“
•
•
108
9534
119
95%
-
4034- 42% j 41 %-
-100
94
J. 108
73
-
j
-105
-
•
118%-118% 118 -119
130%-136% 137 -137
-118
...
*113
9734
Con. income
•
ill2%-114
-114*4 *114*4-14% >1]4%-I7i4ll0 -119% 117
-lu8% *109 -110 i*lC8%- 110 HI -119%,115
1
*110 -118
115% 119%
*115 -115
-113
-
2d, 1909
Eastern Div
-137
1
-115
-11?
92‘4 : 92*4- 95
-
00
95
-
-
67
{ 74%- 79
...
|106%-107
-
99
99
-
08
-
7
1st, 1909
-
73
60%
-
-
i...
-11 u
3S%- 40%
40%
-
&T.C.—1 st,M.L.7 ni2%H4
1st, Western Div
7 •108 -110
Ind.
30
7334- 74%
66
_
9034- 90%j 90
Hous.
0*4 1
-
„
j....
97% j 90%- 98
-
2d, income
8
12134-122
Gull Col.& S. F.—1st ..7 120%-12234 12.1 -122
104 -105
10234-104
101%-103
2d, 1923
6
120%-123%:119%-120
Ilau. & St. Jo.—Cons. 6 l<Jl%-123
10034-107
Hen. Bridge Co.—1st.. .6 108%-109% 10934-110
nfidillo lliv.. 1
93
_
11a
:
irnM. 1QA1
....
39%
-107
91 %-
'
-100
-109
135
112
115
-ii5
-
109%-109%
-100
97*4- 09% i 97
92*4- 92*4 1
92%- 92%
General
1 at
6834
120
_
119
'
»
9936-ioo%
6
2d, Main Line
General mort
-
73
-
1
*
W. it N. Div
29
100
111734-117*4
_
1
106
Div—1st... .5 j
<2d
-
-
04
_
111
>9 110U;-1 I 1
Western
94
94
-
-ins
ion
890*4
<i
mnrt
93
-II854 118 -118 ,118 -118 ;ns -H9
88*4- 90%
99
....
:
105
92% !
| 90
-
_
51
A-Kni.1
II
.70
70
08%
70
110%-110% 118%-118%
102%-102>4 i 10234-102% 102%-103
T02 -102
-102% 10234-104%
100
J
—
■
-111
6 121% 122
Gal.H.tfc 11. ol *82.
I
_
!
-117% 118
117
! 9834-100%
88%- 91
00%- 92J4
j
I
-103% jioo- -101
1109
136%-137% 136%-136%
9384-100
.
Ft.W.ifc Denv.C.—1st .6
Ill9 -120
„
j
|
115
11434-115
-ns
: 115
-114
114
_
P, itlT—]tloi't
....
i
71
....
110%-116% ne%-ii0%
112%-112% 112%-115
t
Ev. & T. Haute-Con. .til 116
til 110
IVTr. Vprnnn-lat
-
....
_
130% I3(i%
107
-
-
115 -117
5 114 -114% 115^-115 1114 -116
105 -105% 10534-105% 10434-104% 104%-103
7
133 -135%
7 134%-146 13534-180 132%-134% 121
115
79
-
04
_
4th, Ext
5th, 1888
1st, consol., gold
7
-
70
7434
-
07%- 71
90%- 98
9S%- 99%' 98 - 99*4 97%- 99
107 -110
107%-108% '108 -108% '109 -10934
-101%
99
1
TOQUMOnUi 105
(fold
Bull. N. Y. &E.—1st.7
N.Y. Li. E.& W.New, 2d consol
6
t!nl. ti'iiMf, 1 92‘^
(i
Fund, coup., 1969. 5
78
73
-
5
Cnns.
80%
74
....
-
-
53
55%
-
2d, Ext
Eons: Dock
77%
71
_
10734-10734
E. T. V. & Ga. Ry, con 5 0S%- 99%
100%-100%
105
-
....
35 - 47
45
51
55% 53-56 1 49 - 53%
106%-10734 1O0%-1O8
102
105*%-108%
108%-110
-105%
1104 -104
!122 -123% 123 -12334 123 -123 T23 -123 11714-117%
51
....
Eliz. Lex. & Bit:. S— 9
82
-
•
60
Low.High Low. High Low.High
■
Denv.&R.G.W.—1st. .6
Dec’ber.
Nov’ber.
October;
Low. High Low.High
Low. High 1
Low.High Low.High1 Low.High
i Low. High
High! Low .High
Low.
F||n^
BONDS—Continued.
JULY.
j August. Sept’ber
OF RAILROAD
COURSE OF PRICES
r.nl
[Vol. XIAI.
THE CHRONICLE.
16
-112%,
112
-112
109%-110
ios%-ni
115
-115
57
(
I
-
_
i 05-li-l 05-111105? 7-105-K
'l07%-109 ' 105%-107%' 105%-100%105%-108%)
119%-119&
105%-105>4
106%-108
I
|
|
s
January
THE CHRONICLE.
7,1888.]
17
COURSE OF PRICES OF RAILROAD BONDS--Continued.
1
:r.
JANUARY
!
FEBR’RY
March.
April.
May.
June.
July.
August
liUJi U
3
7
98
98-98
93
-
98)4
91k- 94
95
-
_
6
Low.High ; Low.High Low.High Low. High Low. High
j Low.High
9854-100
94
-
*•
95
103
-103
10154 10154
95
-100
100
-101
!
-102
97
!
-
-
94 - 90%
|noik-10154
98
-
100k-102
_
*
102
93
-
95
1 llk-113
-110% 109k-110k 109k-110k 109 -111% 11154-H5k 114 -115
llOk-112
93 - 97
97 - 99
94 -96%
95%- 98
96k 95k- 97
95)*- 96% 95
90%- 99
92 - 92k 89-90
88
87k- 88
84%- 84% ! 88
101 -102
101 -101 " 102)4-102)4 104)4-106
105k-107
105%-10? il03%-103% jlOO -102
118 -119
118 -11854 118)4-120k 120 -120% 116 -117)4 116 -117%
118 -119
117 -119
108 -109
110 -111k 111 -113
108 -109
108 -108%
107%-109
109)6-110)5 llOk-lll
51 - 5654 59 - 59
08 - 7154
6054- *654 66)4- 7156 73 - 7554 6854- 72
21 - 23% 23
26
25% 1 24)4- 2754 20
20%- 22
Tu^omp, 19113
Mich. Cent—1st,consol.7 12794-129
130 -130 129 -130 130 -131 127 -128 128 -128)4 128 -12854 126%-12W
112%-112% no -no 108 -108
1<IAQ
A
121 -121
il21k-12lk
107%-110
109)4-109)4 no -no 10Sk-108% 108%-109 lOSk-109%
Coupon, 1931
si 109 -110)*
108 -108
10954-10954
103%-103%
112 -113k 110 -1125* ii3k-ii5k 112 -113
112 -113% 107 -111
Mid. ol N.J.—1st
6 112 -114 1112 -112
120 -121
121 -122
119 -120
118 -118% 118 -119
I20k-121
Mil. L. Sli. <fc W.—1st. .6 119%-121%118 -120
t'nnv. (1p|>
101%-101%
9854- 99% 99%-104 102 -102
5
Income
105%-107 104 -104k 102 -104 10154-102
#; 102 -102)4 I01k-104k 104 -106
117k-118k 115 -116
Michigan Div
6 114 -117 ;ii6 -116k 115 -116k 110 -117 117 -121
r
Asliinnd l)jy,, 1st
117 -11856 I15k-11G% 110 -116
115 -116
(j 115 -115
Mil.4fcN0.-lst, 1910 6 104 -104 105 -105% 108k-110 no -no llOk-111 108 -110 lOTk-109% 107%-lOS
109)4-110 10654-107% 107 -107 100%-10654
1st, onexten., 1913..6j 101 -103 103 -105k 105)4-107k 107 -no
i
101k-I02
132 -132
130 -130
133 -133
JVTitiTipnp,.V- St.T.,—1st 7! 132 -133
Town F.vtPiuinn
113 -113
118*54-119 118 -118
■y! 119 -120
109
Lon. N. Alb. «fc C.-lst.G
Con., Hold, 1916
(j
flfnn.R'Tnip, C**-—T.{pn,7
Mem.tfc Chas.—Gold...6
metropolitan El.—1st. .6
2d, 1899
.....6
Mex. Cent.—New ass't.4
9
8)4
...
554
)7
IS
•
_
....
-
j
'
_
_
30
31
15
90
- 90
-101
1005^-101
109
-111
109
90
-
94%
_
-
....
98-%
—
04
S9
-
94
-100
100
95
94
-
98%-100
-111
no
90-93
90
-
94
9856-100
-114
-
-100
113
-116
91
93%
-
9254
•»
102 -102% 103 -104
-100
114%-115% 115 -118% 116 -118%
106 -108
108%-109% 106%-107% 104 -105
06
68%- 68%
70%
19k- 21%
22%- 22%
120%-128 127 -12854 124 "-124% 1?4%-127
108%-109 108 -10854 105%-10G 108 -110
ICO
-102
113
-115
100
-
-
120
-
....
-120
100
....
106
-106
-no
104%-104%
109
-112
11756-109
110
-120
120)4-123
95
....
....
90
101
_
-
_
90
_
|106)*-106)*
....
10
100
-
....
_
-
-
LO
|
-
-
-
L2
Dec’ber.
I
Iionisv. & N. (Cont'dJ—
Ten-Forty, 1924
6
Pen sac. & Atl.—1st..6
0
High ; Low. High Low. High Low. High Low. High Low. High
Low.
r
Sept’beu October. NOV’BER.
1
nnv n ^
-
100)4-11054 109%-in
120%-121 H
94 %- 94%
95%- 90
117V-120
95
-ICO
100
100
-10054 97 -102
115 -115
n4%-ii4)* 114 -115
113 -114% U3 -114% 116 -116
110 -111
108%-lOSk 109 -no
100 -107% 106%-t07
107 -107%
-
...
116)4-117%
10B%-109%
104
-105
ICO
-107%
•
•
•
.
•
....
_
00
‘*,1.
19
1.SQ1
*
Paraffin Pvt
107
«
-10KVI10
-110
fxL-
llTinn.K. StP.Hr.Ar A
92%
....
linn
...
Xr r. IUn -1
103
85
89
-105
103
-
-105k 104
-
89
_
-103
_
-
....
>9
j
90*4,
Ll8k
|
108)4
lstprcf.flcbcnture ...7
2d pref. debenture—7
-no
105
-100
109k-109k
108%-109k 109k-112
~
....
....
60
-
65
60
-
66
62
-
36
-
36
36
-
38U
33
-
28V*jl i> u
p a X/ 1 •
xi v
v lit 111
•
74
-
74
73
-
74
74
-
no
-no
105
03
113
74
-
73
-
-113% 107%-HO
88
-
77
-
108
0354
8154
78
-
CS
-
-110% 105
-
....
1
1 qi v
sf.
123
<y
-123
124k-12*lk 121
Mutual Union T—S.F.6 84-M- 85)4 84k- 85k 85 - 89
130 -130
Nashv.C.tfc St.L.—1st. 7 129)4-130
128)*-130
109
70
« 109
‘1«1. 1 Qftl
-109
109)4-109)4
94
111 -114
113k-113k 113)4-114
106 -107% 108 -108
-107
-
-
....
55
50
-
_
...:
....
47
-
50
22%- 22%
23
-
27
20
20%- 21
-
-
54
20
:::.
-
9154
7054- 81
81
66
-111
103
45
-
*15
98
...
N.O.Pac.—1st,
tr.
rec..6
N.Y. Central—Ext
5
iss7
a
N.Y.C.& II.—1 st,cp..7
1st, reg
7
Debenture
5
...
117
82
91
-
98
98
-
98
78)*- 83)* 75k- 86
105)4-10656 100 -106)*
101‘4-iou*
40
-
45
23
-
23
-
21
_
100
-100
-no
73
-
73
71%- 72%
83
-
85%
83
12554-129
10754-107*54
125
72
-
-109
_
-
13
12
-
12
72%
-
86%
85
-
86%
129
-131
-131
127
-129
no
-nok nok-110% 11054-111
108
-108
7 20
104
100
-101%
83k- 85%
....
-
-104
101V-101V 10154-102V
ICO
::::
07%- 07%
-
-
10191-102 V 102)4-102V 103
_
_
85
80% 83
8554 81
83%
80?4- 8454
-100)* 106%-107)4 104)4-104*54 104)4-10454 104)4-105
77%- 82
-
103
-103
-
-1070U10?
-107V 108
-108
-
101*k-10214 102)4-102K 103 -103
133 -137%; 130>5J-137%
108
_
...
...
....
-no
..
-
.
....
90
•
lOfc^i
85
1st trust receipts—6
Assented
90%
70
f**
\i>nr
1 bI
1 ll'l'i'
97
95
-
97%
94%- 99)4
-
...
92)9
-
-
-
98
-
93
97
9754
9754
95
-
90
-
97
95
69
-
71
09%- 72
69k- 72)4
-
65% - 66
65)*- 69%
Trust Co. receipts—6
67k- 7354
....
N. Y. Elevated—1 st
7 121)*-123
.
112
*
121V-123
06%- 99
90 - 97%
08%-lOlk
99
99-99
98-98
74
-
74
78
72
-
80
...
N.Y.On. tfc \V.—1 st,
g.
.6
107
no
♦91iy.- 02V. +92
-110)*
6 *71
A
Debenture, 1897
....
1 st rrfmul
-
71)4 *(39
78%
-
-
....
-
1
-
69
_
*70
-
70
108%-109% 109
*77
-
77
Novi.tfc West.—Gen. M.O
-
....
91)4- 94%
94
40
45-45
37)4- 40
1
Tmti. JUr
«vt
.
1 (I'M
A
....
Oir. A- T._ r.
—
1
112
-112)4 113
i
|
t-11994 j
-113
99
-100
2k~
4
118
-118
118
-118
j
-
-111
Coupon off.
58
99%-l 00%
-10056
....
no
102
-
-
41
-107
68
02
5954- 62%
_
-
64
....
-
_
__
117%-119% 118%-120
116%-119% 117%-119
-
-
73
{
37)4!
108
-no
-109
106
-109
106
lOT-%-109
-108
-112% 115%-no
—
-
-
-
-
....
92
-
93
70
-
70
90%- 02
90%- 92
87
-
45
50-50
50
-
90
.
-
45
-
....
....
-
90
-
0256
91
-
75
-
75
73
-
....
92%
73%
50
;
1
114
-
-114
no
-
_
_
.
i
103
_
-103
....
-
....
99%-100
-100k
-111k Ill
44
-110
109k-H0k
110
-111%! 103
•
42%- 50%;
-110k' no
1
40-46
Ill
-112
-
104
(
-105
102
42
35
35
-
81%; 79
-
-112
1
115
-115
114)4-115
114 -115% 11554-11554
113
-114
ni%-ii5
....
87%- 87%
95H- 95%
9954- 9954
-108
112
109
-102
102
40
31
-
-105
-
37
-105
33%- 30
75
77%
70
80
77%
76%- 79
-100% 109)4-11154 1O0%-1O0% 109 -111
-
•
96)4- 96)4 97
104
-112
106
-
102
-104
117
•
•••
-118
“
•
•
•
•
113*54-114
1O8%-1O0%
98
-107
-
100
-102
2954- 33
31%- 37
77
78% 7654- 77%
110%-1U
110%-in
-
1
-
-no
....1
-
107)4-107)4
i
100
-
....
1
—
ni%-in%
110
t
j
-100
-111
_
I
109
Ill
-no
_
!;
100%-100%
106%-100%
8
4254- 47
-102
10854-109
_
80
109
8454- 80%
_
-118k 118%-119% 118%-118% 118k-119 110J*-11?% 116 -116
117 54-118k
114%-115
117k-118k 117k-118k 115 -110
117 -117% 117 -117
119 -119
j 114 -no 114 -114
-
—
-
__
-....!
37)4-
_
10454-10954
40
4554
-
_
101
-110% 109
93%- 05%
90%
-111k 11054-111V 11056-112k
-105
—
-
•
_
Consol., 1925
5 104 -106
10454-105% 105 -10554,100%-10254 101 -10154; 99 -101
102%-104% 103k-105
99 j 96-98
92%- 90
Oreg. Imp. Co.—1st.... 6 92%- 94)* 92%- 93
91%- 93)4 94
97k! 97%-102% 97
98 -10156 98)*-100)4 96 -100
Oregon Trans.—1st ...6 101 -102%, 100 -102 100 -101
101%-104% 100 -102
*
97
_
-
84%- 8756
118
-
I
9154- 09%
-
-
-
inpa<3-in23^
|
-
.
-114k 111
4!
Or. R’y. &; Nav.—1st...6 108 -109%
••••
12954-12954
12054-130
_
_
--
-112
-129
-129
10
113
100
0 III 31 ll 31, A St* li* — 1st..
-110-5*
1*4-
fit.Pfin
|
....
a—10594
-113
-104
-102
j
-119)*
-115
T0‘J
Ohio tfc Missf-Con.s. 1..7 118)* -118)*
Consol
7 118*54-119%
2d, consol
7 118 -119
1st, Spring#. Iliv
7 109 -111
fipii.mni't , 1 9325
Ohio River RE.—1st..5
Ohio Southern—1st— 6, 103 -107%
6 40 - 4*i%
2d, income
....
....
-113k 113
-
107
104
J4%-114 V. 11456-H456
_
-112
,-no
40
1O6V-1O0V
-120
-98
-
10
112
129
....
-
1
...
91-93
‘1.1 im>
-129
-125*%
-122)*
-122)*
-
-
96%- 0S%
....1
....|
110*7^-110*’^ 111
-
N.Y.4fcT#»v. 1,31 ml—Scrip
N’.V.WnmlAlf.
-100)4
-
73
....
,
.
-
7054
-100)*
j-108
....
!
-
70
72% 62
73)4- 78)4 08
"... - ...J 60%- 7154 63
68
121k-122% 121%-122 V 117 -11954 117%-nO
76
-112
-110% 107 -107k 107k-109
95
+93k- 94
-
92%
129
i
-no
-
-
-
121)4-12254 122k~ 123
100
-
..
97
-10156
•
....
91
00%- 93
.
_
.
__
-112
-136
104%-106%1105%-10754
....
1
-
-
.
-104
136
-
..
_
,1
N.Y.City 4fc No.—Gen’1.6
-130
-108%; 108%-109
•
97V- 97V
96V-
135
108
'107)4-1079^! 108?^-10i)
-
_
.
-105
-
-
...
_
-121
85%
75
75
77% 74%- 77
69%- 80% 70
103%-10454
103)6-104% 10154-105% 10356-104
-108% 10056-10356 100%-100%
....
-
104%-104% 105
-100
:::.
130
....
109V-109V 100
121
S2%- 81%
128 -129%, 130 -180%
10756-10756 107 -107
84
86% 8454- RO
-126% 125%-129
-
...
..
-
105
-114
_
13
....
102
-
_
»»
85
85*56- 87
106
134)4-13454'133)4-136
..
-
C9
...
106 -107
104 -106
10G%-108% 108)4-109
10154-106
10J56-1(15)4 104 -100
Can. 80.—J st, guar—5 105)4-106 1104?4-105^4 105 -107
89 - 01
2d inort
91k* 92% 9154- 8254 92 - 94)* 92)4- 04)* 92 - 94% 92 - 9354 87%- 91
5 93*54- 95% 93 - 95
90k- 91k
2il mort., reg
5 92 - 92
131 -131
131k-133
Harlem—1st, coup
132%-132%; 131 -133k 129k-l 30% 130k-l30% 130 -130%
7 132 -133
130 -130
130%-130% 127%-130
I31k-132% 132 -1325*1132 -132k 128k-130k! 130)4-130% 131 -131
1st, reg
7
90
-
-
-
135%-136% 134%-135)4 131%-133
182 -133
-136)4 135)4-137
!30%-133
134 -135
131 -133
133 -135k 135 -135
132 -132
135)4-130%
13154-133
108 -109% 108*54-110% 100)4-11 Ok! 110%-llOk 106 -107)* 107 -108
10854-109% 109%-109% 106 -107)* 107 -108
133)4-13496
133 -134%
no
75
_
68%- 7754
73)4 60 - 68
-108% 104%-107
-
-107% 105%-105%
43
44
42%- 49
18%- 2554 22 - 24
-121
87% - 89
10254-10254
_
....
-
70
107
-107
»
-
113
11154-113%
107
-
-101%
_
_
7354- 74
*
108
•
101
Morgan's L. «fc T.—
....
.
98%-101
-
L14
.
50
-
69
-113
_
70
_
_
73
-
_
-105
-
28
03
91
-108
70
93)4
95)4
79)4- 83)4
97
82%- 85
-
-
-
108
.
81
-
-
25
-115
101)4-102
....
9554- 99
84 %- 87
111 -113)4
112
111*54-114 112k-114
104%-104% 104 -105k 107
50
60
59%- 61
66k 61
37
80k- 32
37k 33
29
28% 28
#
•
•
L10
no
-
-
_
-
...
81
_
103%-103%
....
115
-100
108%-109
-
-
y,
100
_
_
S5
-100)* 96k-10054 99 -10154 101 -102k 100)4-102k
8754- 8954 88 - 89%
87% 83k- 88% 86-88
-113)* 109)*-110)* 10954-111 111 -112*54 112 -113k
Mobile «fc Ohio—New ..6 106%-110
1st, extcn., 1927
6 100 -106
34
•
-101
_
99%
•
101
-101
.
.
•
101
-100
_
-
Wo.K.&T.-Gen. con..6 97
Gen. consol
5 85
Consol
7 112
....
100
80%- 90
i02k-103k
Minn.ifcNo.W.— lst,g. .5
07
•
-ion
S9.V- 90
....
21
inn
-
80**4
•
_
__
_
m
•
_
_
_
99
-101%
89
-
97
90
-
98)4
99%-101)'
60%- 97%
90-96
93%- 09
91
91-94
9354- 95
80%- 93
09
-100
-
96%
THE
18
CHRONTCLF.
|V0L. XLA I.
COURSE OF PRICES OF RAILROAD BONDS—Continued.
!JANUARY' FBBR’RY.i MARCH. !
Al-RII.
May.
j August. Sept’berJ
July.
J CNF.
BONDS.
October. nov’bkr.
dec’ber.
Low.High : Low.High Low.High Low.High Low.High; Low.nigh Low. HighjLow. High Low. High Low. High Low. High Low.High
Pacific Railroads—
Gold, 1896
Gold, 1897
Gold, 1898
...j 115%-116%117 -117%
....*116^-117
II6H4-I 17
6
....' 116%-117 116%-117%
6
6114 -115% 113%-114% 114 -11834 116%-110% 117 117%
San Joaquin Bv
6 112
-112
Cal. dk Oregon
Series B
6
6
6
-101
*101
-101
-
'103
-103
Cent. Pac., g., 1895..6
-
-
101
....
...
111%-112
Land grants
102%-103%|l03
Mort. bonds, 1936.6
Western Pac
6;111 -112 112
] 115%-115%j113
101 -101
102
....
....
-....!
-
-103% 104%-103
-112
-113%
-102% 103
102
-
117%-118
117%-li8
117%-118
1!4%-115
111494-115
-103
...
10(5
-103% 10294-10394.
-
;115%-115% 116 -116
116 -116 j 115%-115%: 116 * -116%
j.... - ....414%-115
415%-11G% 114 -115%|ll5%-ll6 415%-116
116 -117
116 -116
114%-116
,414 -114
114 -115
100%-100% 100 -101
100%-100% 101%-10194l101%-101% L02%-102%.
...
104
-104
....‘100
-103
-106
-
-115 :il5%-115%115%-116
J15%-115% 114%-11494 114%-116
!ll4K-llG
...ill4%-116
.......
jll5%-115% 11494-114%! 114
117%-117% 114%~115
*....
101-
,
-105
|il05
IVD
-105
-iUJ
...
101%-102% 10194-102
102 34 102%-103%102 -103%
112 -112% 112 -112%! 112 -112%
(....
-
101%-102%|102%-10394:101
1114
-116-94
....j.... - ....j.... - ....414 -114
North., Cal., guar. 6 120 -120 ;
...,’ ... - ....! 11834-11834:117%-117%:.... No.Pac.-Gen.1st, l.g 6 j
115 -117. 116%-117% 117 -118%;117%-118%:117%-118% U4%-115% .11434-115% 113%-115%. 114 -116 11534-117 116 -118%
Gen. 1st, 1. g., reg..6,.... 114 -114
116 -116%
114 -114 414 -114
-118 114%-114%
105 -105%
Gen., 1. g.,2d,1933--6 103%-107%! 10456-106%;J06%-107%| 10496*105%-105 -10534 1<>4%-105
96%-101
99 -101
10094-102
103%-10594; 10194-105
Dividend scrip
—I— - —|— - — — - '••••[— - —;— - ..
101 -101
101 -101
99 -100
103%-10534
St. Pauldk No. Pac.61.... - ....j.... 116%-116% 116%-117
-116 11894*119 ;118%-li9% H9%-11934 118%-119% 115 -116%‘
117%-118
James R.Val.-1st.0406%-107%! 106% 109%
...'.j.'... - .... 110%-111 .... - ..J.... - ,...! ...
Spok. dkPal., S.F..61... 10694-10634!... - .-..105
-105 I.... :.... .........
101 -103
Dul. dk Man.—1st...6!— - ....!.
....j.... 99 -99%;.... - ....103 -103
No. Pac.Ter.C’o.—1 stO‘104 -105 404 -105 ;i()4%-105%;105 -105% 105%-106%’l03%-107% 100 -103% 101 -102
101 -102% 101%-102% 104%-104%
So. Pac. Cal—1 st
6-111%112%'ll0%-1 ll%;ll2%-112%'lll -112% 112%-113%4lS%-113%113 -115 413 -11434,L12%-112% 108%-109% 108%-110 110 -110%
110 -110 1....
So Pac. Arizona-lst 0
-112
].... - ....112
.... 112
So. Pac. N.Mex.-1 st 6 10534-106^!
....408 -108%
IC6%-106%jl00%-106% 108%-109 109%-110 107%-108
408%-108%; 109 -109%
116 -117
116 -116-94:116%-117
UnionPac.-1st 1896.6
113%-11494 114%-115%112%-n5 414% 115 414%-115
115 -116%
116 -117% 116%-117
1st, 1897
6
j 117 -117% 114%-11594 11434-115%:114 -11434 114%-115 115 -115%|115 -116%
116%-117% 116%-117% 117 -118
1st, 1898
6
114%-11594 U5 -116% 414 -116 115%-116%114%-110% 115%-117%
1st, 1899
6 114 -115 114%-115%;il5 -11934H7%-119 118 -118 1118 -118% 115 11534,116%-116%jll5 -117 |11G%-117 116%-117 'll0 -118%
Land grants
7 102 -102%
Sinking lund
8jll8%-l!8% 11S%-120 115 -11594:115%-! 17 116 -116-94.115 -316% 114 -115% 114%-115% 110 411% 110 -111% 11134-11334! U3%-116%
Registered
8;— 115%-115% 115 -115
109 -no
114%-114%
no -113
Collar. Trust
106 -106
105 -105
6|l03%-103%
Collat. Trust
5
10094-101 j 101 -102
106 -106%
;
95
95
95
95
K. Pac.—1st, 1895.6;il2%-114% 111%-111% 112 -114%: 113 -113% 113%-115
113 -114%
110 -110
109% 109% 110 -110% 111 -111 41034-112
1st, 1S96
-114% 115 -115
112 -112
ni%-m% no -no
6; U1J4-H2 112 -112 113%-115
108%-110
10S34-111%
lll%-112
115 -115
Denv. Div.—Ass’d 6414 -115
-117% 115 -115 114 -114 115%-116
113 -114
116 *110 116 -no no -116
1st, consol
6 105%-107 105 -106% 104%-107 HOT -109 10294-105% 103 -10334 104 -104%; 102 -104
101 -103
100 -102
99 -‘.Oik i 10034-102
Cent. Br. U. P
108 -108
103 -107
7; 105 -105
105 -106
106 -10694 106 -100
At.Col.dk Pac.—1 st.6406%-107 105%-100
108
110% 108 -108 102%-106 104 -104% 104 -104k 10234-108 ;104 -106
1106 -106 105%-105%
At. J. C.& W.—lst.6
....,102%-:02%
100 -103% 102
Oreg.Sh.Line—1st..64O0%-1O7%4O2 -103% 101 -103
103
102 -103
95 -100
97%-10034 97%-100
97%-100 ; 99%-10034
92
90
Utah South.—Gen ..7!— 8G%- 90 ; 90 - 93
92
93
95
93% 92%- 92% 92%- 96
94
04
92% - 94
88
93
91
95
Ext’n, 1st, 1909...7 83 - 85%; 85 - 8C34 86
90
89%: 87%- 92
91
92% 91
91
91
91
92%
115 -116% 116 -117
Wo. Pac.-lst cons....6414%-116%41434-116
11494-116% ;117%-119
116 -117% 114%-115% 113 -115
112 -144%; 109%-111 %; 109 -111
3d, 1906
!.7422
119 -119
119 -120
115 -116
115 -119
j 125 -125 :126 -126 122 -123 121 -122% 122 -123
Pac. of Wo.-lst
6j 104%-105 102 -102% 102%-102%ji02%-103 102%-103% 103%-10334 103%-103% 100%-] 00% 100%-101 100%-10134 1013k-1C2% 102 -102%
‘2d, 1891
7 409 -110 110834-109 :lt8%-108% 110 -lie
110%-110% 105%-106
107%-108
St. L.dkS.F.-‘Jd,cI.A6!ll5%-115%;.... 113 -113
109 -100
113 -113
112%-113
Class “C”
6j 114%-116% 4l5%-115% j 115 -116% 117 -117*4 113%-114% 113%-114% 113 -113 113 -114 112 -113 112%-113%110%-11234i 112 -11334
Class “B”
6;il4%-U6% 116%-11634 115 -116 116%-117 114 -114 114 -114 113 -113 113%-113% 112 -113
....11034-113 412 -114
P. C. &0.-lst
6
....*117 -117 117 -117
118 -118Equipment
7
107 -107
107 -108 :....
....405 -105
General inort
6409%-m 108%-110%:110 -111% 111%-113 113 -115 114 -115 11134-113% 113 -114 n‘2%-113% 113 -114% 11334*114
H4%-115
General inort
5
9994-101% 100%-10l% 100%-101% 98%- 99% 99 -101
97}%-100% 99%-101% 100 -101
10034-102
So.Pnc.of Mo.—1 st—0 101%-104% 101%-10194 102 -102% 102 -102% 102%-10334 103%-104
100 -100% 10034-100% 100%-101% 101%-101%10l%-102%' 102%-103
St.L.K.dkS.W.-lst
10794-109
Texas dk Pac.—1st... 6 106 -106
109 -109
107 -107
112%-112%
Consol. Tr, r’c’pts .6 9794- 09
99%-102%| 99 -102% ,100 -103% 102%-103% 102 -103 401 -102% 99%-100 100 -100%: 90 - 07
97 - 97
ICO -100
Inc.dk land gr„ reg.? 61%- 62
61-61
j 63% - 64 1 6394- 6394
Trust receipts
64
62
47
5994- 64
58
52
58%- 66% I 61
6536; 62
6394 55%- 62 j 50
45 - 49%
53%; 44%- 49 : 44
53%j 43
lst,RioGr.D,tr.rec.6 67%- 7434 64
71-75 ; 74
71
i 59%- 64%; 04%- 68%, 64%- 07
7734 7636- 78% 74
78% 71%- 75% 67%- 72 ! 58
65-69 ! 08
72
Gen.M.dkTer,tr.rc.Ii 67
69
69% 66
71
62 ; 56
02 I 60%- 62 i.... 71-94 70%- 71%
62%- 623t> 56
Pennsylvania RK.Penn. Co.—1 st, cp. 4% 104 -106
104%-105% 10494-105% 1105%-106% 106%-107% 107 -107% 103%-105 104 -104 103%-10i ;104 -105% ;i05%-106%| 10634-107%
Registered
4% 103-94-104-94 104 -105 105 -105
.104 -104
107%-107% 103 -103% 104 -104%
1104%-104% j 104 -100
Pitts.C & St.L-lst 7
416 -118
....
....
-
-
-
-
....
—
....
-
-
.........
-
....
11596-116%j
117%-117%|118
....
—
....
-
....
....
....
-
....!ll6
....
-
...
..
..
..
-
...
........
....
....
■
....j....
|l01%-102%
.
....
—
lO3%-lO0%j
-
103%-103%j....
...
....
....
....
...
-
-
1114
116%-116}^|ll7
..
....
....
....
-
jl02%-105%
-
—
—
-
...
-
-
-
-
-
-
-
....
....
-
-
-123%|l23%-124
..
....
....
....
-
....
—
..
-
-
-
-
-
75%|
-
-
,
-
-
-
-
-
-
-
-
-
-
-
1
....
-
..
-
...
Pitts.Ft.W.dkC.—lst.7 138
-141
2d., 1912
7
3d., 191‘J
7
Clev.dk P.—Cons.s.id.7
4th, 1S9‘J
6
136
-138% 140%-141
-138% 138%-139
128
-128
137
St. L.V.dk T. H.—1 st.7
114
Peo. Dec.dk Ev.—1st—
2d, 1927
-114
140%-140%jl41 -141
141 -141
! 139%-139% 1138%-139%
9
9
Evansv. Div.—Inc—9
Peori ndk Pck. U n .—1 st. 9
2d
4%
Phil.dk Read.—tid ser.5
Income mort., ?99
7
Gen. inort., coup
9
Dofcrred income..
Pittsb. Cl. dk Tol.-lst 9
Pitts. Brad, tfc Buf.lst.9
Rich. & All.—Tr. rec..7
Rich. & Danv.--Cons..9
9
Debenture
-141
142
-143
139
139
-18y% 141
-141
137%-139
j 139 -139 435 -130%
129 -129 ,129%-130% 129%C-129% 127
.107 -107
107 -109%
118
-118
113
-113
no
-112%
....
37%- *7%
-
82
85
81%- 85
110 -110% no -112
79%- 84% 8134- S5
112%-112%
-
-127
-140% 441
187%-1S8
-141
—; 127
j 107
-128
....;110
115%-115% 113%-113% 113 — 113% ,110
85
87% 83%- 80
76%- 8U I 70
-116
....
-112
113
135
128
12834-129
83
108
S4
85
87
-
87
-100
no
-
no
-
-
80
87%- 87%
H2%- 113
-
....
111
86
-129
140
-
87
-112
-
-119
112
-
-
....
-112
-
-112
111%-111%
ex.
-US%|108 -108
78%- 7S%(....
62
63 I'...
02
64
73
68%- 75% j 70
-
112
-112
-
...
66
71%; 07
113% 113
113
107
-10"
5
j....
-115% 113
-
....!
-
92
114
St. L. Alt.dk T.IL—1st .7 414
2d, pref
7!....
-
93
409
77
| 73
-
-
-
72
114
-111
107
-107
-
-
120
-
02%
98%
-120
9S
120
417
-117
415
illl
-111
jll2%-112%
40234-104% 101%-102%
70
-
70
70
115
-
75
-115
110%-112% 111 -111
107%-107% 107%-107%
85
-
35
-
124
...
|113%-113%
-112
-
78
;109%-109%.
:
70
401
-
71
-103
114
-114
G?%- 70
....
78%- 85%, 82 %- 82%
02%
75%
: 20
-
405
-105
20
102
98
96
-120
120
-
-
96*4
-120
-115
60 - 663% 56 - 65% 5534- 60
111%-112%:109 -110% 410 -115
-124
....
j 10934-109%! 1O9%-1O0%
|
21%- 25
*107
-107
-10134 100%-102
10S%-108%
116
-110
-102
-
65
-
-
113
-
-112
11236-112% 112%-112%
105
-106,
105
...
-105
107
48-49
40
-107
-
45
....
40
65
-113
-
-
....
....
-
...
-
61
57
-115
110
-
113
....
-
-
....
1
-
97
....
-100%
-
58%
-112
-
-
100%-103
106
-106
1C1%-102%
....
92-98
95
-
98%
97%- 98%
-
...
113
-113
107
-10S
107
-107
-
116
-
84 - 89% 85
89
115%-117 117 -117%
-114% 114%-115 112 -112
40134-103%; 08 -100
42
__
...
57
412
1 82%- 8-1
i
!
-
99
....
47%
87
I
|107%-109
101
112
-
-
-117
113%-113%
108%-109
-102% 100%-102
-105% 103%-104% 10234-104
65
65
70%- 71% 70 - 72
35
7S
85%- 87%
117
....
no
-
-120
-
95
,
-
114
....
(117
91
-107% 105%-107% 10734-108% 104
-
jl07%-108
9 35
38
Caron.—1st—9!....
-103
-114
7
Dividend bonds
Bell, dk So. Ill.—1st..Si....
72
-114
-109
88-89
■!••••
7194- 73%
Ill4%-114%
-144
72% 68%- 72
7134- 77
75%- 77 ! e6 - 76% 65 - 72
-113% 111%-llS 413 -113% 114 -11434 H4%-115
110%-112
100 -106% 106 -113% 112 -114
113 -114
93%- 9434
106 -107% 106 -110
108 -no
9 108 -108
Consol., 1st
Rome W.
<)g.—1st. ..7 110 -110%
Con., 1st, ex
5 102%-103% 1C2
Income
7 102 -107
St. Jos.dkG’d Isl.—1st.9'10634-107% 1C6
-113
.
Roch. dk Pittsb.—1st ...9
Bell, dk
79%! 71
-
-127
-
-
Deb. assented
2d, income
-128
1273^-12734: >27
40634-10631 107 -107% 108
428
100%-100% 405%-105% i
75
-
Con. 31., gold, 1939-5
Rich.tfc West Pt. Ter.9
5
-107
10S
72
cp
2d, income
....
86
—
Deb.
-141%; 142 -142 1141 -141
j 138%-139%; 139 -140
-
-135
-
no
140
j....
108%-10S% 10634-10634
11134-114
85
-141
135%-135%
118
5
Income
Evansv. Div
141
-117
113
-
-113
109%-109% 108 -10994
105 -105% 103 103%
33
_
37
38
118
108
42
40
-118
116
-
-108%
-
41%
-117
January 7.
THE
1868.]
CHRONICLE.
19
COURSE OF PRICES OF RAILROAD BONDS—Concluded.
January FEBR’RY.
March.
April.
May.
JUNE.
|
July.
Sept’bbr. October Nov’ber
AUGUST.
Dec’ber.
BONDS.
Low. High Low.
High Low. H igh Low. High Low. High Low. High Low.High Low.High Low. High Low. High Low. High
Low.Uigh
St. E. Ark.&Tex.—1st.6 100
-100% 984-1004 994-101%
6 5S%- 55% 494- 54
2d., 1936
504- 534
111 -111% no -1114
St. JL.& Iron Mt.—1st..? 113%-115
114 -1144
2d, 1897
7 113 -114% 114 -114
Ark. Branch
7 112 -112
1114-113
1114-118
Cairo dkFulton—lst..7 1064-107% 1064-107
1004-107
Cairo Ark. & Texas. 7 111 -1124 1114-H24 112%-113
90
99
Gen. consol.
1. g
98
5 95
984 90
St. Paul & Du!.— 1st..5
St. P. Minn.& M.—1st. .7 1104-1104
114 -115
118 -120
2d mortg., 1909..;...6 119 -120
1194-121
Dakota Extension....6 119 -1194 1184-120
119%-120
118 -120
1st, consol., coup.
6 119 -120
1184-120
98
Reduced to
99
44
99%-100
San A.& Ar.P.,1916..6
-
-
-
.
-
...
....
...
-
-
...
-
_
1926
Scioto
6
_
Valiev—1st,con.7
Shenandoah Val.—1st.7
*03
90
-100
90
994
-
Trust receipts
Gen.
39
394- 43
894
South Carolina—1st... 6 1074-1074 10G%-107%
2d, 1931
6 80 - 80
6
mort
-
1004-102% 99 -101% 99%-l00% 9S%- 99%
50
53% 49%- 524 44
47
50% 45
110%-112
1114-112
1114-112 1124-1124
114 -114
109 -1114 111
-112
112 -114
112%-114%
1094-1094110 -112
106%-1074 108 -108% 1084-109% 104%-105%
113 -113
no -110
1114-1114111 -111%
94
94-95
93
95% 94-95
94*6
1124 1124
1124-11S 113 -113
117 -118
no -no
116%-116% 1134-111%
1184-1184 119 -120 1184-120% 1194-120
120 -120% 118 -119
1174-119 1184-119
1194-120
1194-120% 1194-120 116%-117%
99%-1004 1004-1014 1004-101% 98%- 99
91
904- 904 91
92
93
92
92% 924- 924 914- 914
-
-
-
*60
05
So. Pitts., 1902
Bir. I)iv., 1st
6
6
Tex.C.—lst,s.f.,1909.7
1st mort., 1911
7
....
77
^
774
....
95
-
....
.-j
5
Detroit Division
6
....
49
■
254
_
93
91%
96-99
-
05
06
-
67
19
-
20
20
-
20
78
-
78
-
98
-
91
...
—
-
—
....
-
....
494
94
89
-
-
....
-
....
524
52
95
93%- 904
....
....
j
96%- 97
-
91
•
111
-
-
....
84
-
112 - 1134
HI 4- 113
994- 1014 101%- 1024
111
-1124 109 - 1114
-1‘ 84 1084- 119
1034-1034 104 - 104
100
1154-116
1117
-
117%
7
-
-100
...
—
1024-103% 102%- 103
1024-1034 102%- :03
118 -1184 119 - 119
1194-H94
....
...
•
”
•
•
•
.
•
•
•
•
•
•
•
....
434
904- 99
13
15%
-
83
-
38
35
-
37
914- 92
344- 37
95
-
964
95
-
96
95-96
65
-
66
13
-
164
....
-
13
15
-
13%
15
10
-
89
834- 86
78
-
81
80
79
-
79
-
80-85
74
-
81
75
-
79
-
..
...
-100
79
-
84%
824- 83
80
70
....
...
•
97
-
99
.
100
-
984-100
974- 994
100
-1024
90
-
-102
90
07
-
954- 984
8S%- 90
80 - 89
....104 -105
1054-106
'
j
•••
90
-
96
874- 89%
-
....
....!
...
-
80
-
...
-
;
8$%
100
....j
-
...
....
75
-
....
-
-102
•
•
•
102
89-90
934
•
.
-102
id
-1024
I 92?*- 95 | 944- 95%
- ....{824- 90
93%- 94% 914- 94^
'....
;
SO
..’..I
1
-
77
-
...
-
824
-
7S
80
-
....j
_
-
58
-
•
-
-
-
-
-
-
-
-
-
-
■
-
■
-
-
•
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
■
-
-
-
-
-
■
-
•
■
-
-
■
-
-
-
-
-
-
•
-
-
-
-
-
-
-
-
-
-
-
•
-
■
-
-
-
....
.
-
-
...
_
'102%-1034 1034-104
1024-1034103 -104
120
-120
....
-
120
-120
118
-118
..j....
-
-
..
-
-
jin
..
-
.
-
....
.
_
■
■ -104%
98% 101%
99%- 1014
■
1118
....
101
98%-
1154....
■
........
-
-
....
_
98% -101
-
-
-
-
984- 100 1 97 -100 j 984- 99%
x 101 -1044
984- 100
974- 994 984- 99
1104 1104 118 -118
-118
'....
..Jl19 -119
....1104 1184 ns - 118
'ioi -1024 1004 102
100
101% 100 -1014
-
T08
.
-
-
..
-
1101 -102
! 99%-101%
1154 117
-117
....'117
-117
Coupon off.
COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS STOCKS FOR THE YEAR 18S7.
[Compiled from all sales of Stocks at the New York Stock Exchange.]
January
STOCKS.
FEBR’RY.
March.
April..
May.
J ULY
June.
August.
B
Low.High Low. High Low. High Low. High Low. High i Low. High Low. High
^Low. High
1
Sept’ber. October.
Low. High
j Low. High
Nov’ber.
DEC’BER.
Low.IIigh Low. High
RAILROAD.
Albany t&Siisquelinnna.
Atchison Top. & S. Fe..
Atlantic A: Pacific
134
-134
96%- 984
11
124
-
Beech Creek
Prcf
....
-
96%- 90%
1076- 12%
Bur. C. Rap. A North...
Canadian Pacific.
Canada Southern
50
Cedar Fnlls &; Minn
Central Iowa
Central of
55%- 68%
New Jersey.
1st pref
2d pref
Chicago A Alton
-
-
424
-102
100
42
-
C6
04
47
-
47
47
\99
164- 19
16
-
15
-
17
14
10
-
10
-
11
67
-
73
-
154
-144
....
18
15%
634- 714
33
384
8-94
14%- 164
94- io-%
-
143
-145
8-9
144- 154
9
144
-140% 137%-140
_
....
■
_
_
87%- 91
S5%- 9276 x8076- 9276
Pref
117%-118% 1174-121% xl84-122%
Chic. & Northwest
111 -115
110 -110% 114%-121%
Pref
xl40 -149%
1S8%-140% 139 -142
Chic. It. I.
Pacific
125 -120% 125%-120% 124%-127
Chic. St. Louis A Pitts. 16%- 18% 16
18% 16%-. 19%
Pref
35
41
as
4C4 37
45%
Chic. St. Paul M. & O... 46%- 51% 454- 50
48 - 51%
Pref
loe4-10976 106 -109% 108 -112%
Cin. Ham. A Dayton
130 -155
-
-
....
40
75
-
87
1(0
09
-101
-
724
-
-147
624604154114-
65%
64%
154
15
79 - 82%
40
414
7
9%
12%- 144
9
10%
14576-155
-
-
-10,-4
08
-100
59
-
68
57
-
50
-
50
14
-
-
54%- 61%
40
594
-
15%
6%- 12
73%- 84%
304- 404
7
74
104- 13%
-
-
-
148
00
53% - 57
50
-
50
-
-
694- 77%
344- 38%
5%- 7
10
10
12
99
-
99
974- 99
53
45
-
DO
50
-
12
-
59
494- 5(5
504- 58%
976- 114
4-7
64- 8
724- 804
35%- 38%
6%- 7%
-
984-101
50%- 53%
504- 55%
S%-
-
55
11
97
-
984
50
-
51
534- 55
53%- 00
7%- 10
534- 62%
5474- 57%
676- 676
72%- 80
73%- 76
32
374
34- 4
6.4- 8
4%- 5%
0-0
_
67%- 784
32
37%
5
04
0S%- 74%
284- 33%
34~ 5%
3076- 34%
2-476
12
6-11
4
7%
7%
5-7%
3-54
135
-150
130 -142
1334-139
-
-
9
9
-
-
-
-
«...
.
-
-
-
-
-
-
644 574- 60
98
98
97
99
994 08
9076- 93% 9076- 95
86%- 24%
120 -122
120 -127% 119 -125%
119 -121% 1204-1264 xl 15-127%
140 -1514 1494-133
1474-153%
129 -14f>% 1274-1364
125%-130
18% - 22
18%- 204 16
184
44
52
40
494
524 49
5i %- sa% 51 %- 544 48%- 544
in%-ns4 112%-117% X1276-HS4
141 -146% 140%-1404 1477J-147%
-
10
6
74- 8
0%- 84
140
-136
148 -152
-154% 15076-152
162 -102
-164
160 -160
155 -100
1014-1614 162 -162
131 -138% 123%-135%
-148% 1374-1454 X1S5-142
1274-135% 1244-1334
-
-
94- 114
924- 04%
•
99
162
-
9176- 9476
•
70.%
5076- f076
59 - 02%
56%- 034
-
62
-
65
140
67%
10
-141
141
-
...
....
994-1004
13976-1474 146%-150
-
-150
-107% 101 -106% x90%-103%
94- 11
124
9%- 12%
_
-162
62
150
102
-
-
....
_
-
—
-
-
11%- 14
724- 80%
39%- 43%
8-94
14
15%
9%- 10%
104
-1464 145
-
-
102
....
Pref
-
35%- 40*
40
-
06
59%- 02% 62
50%- 624 50%- 03
-
143
—
-1004
74%
50%
5976- 63%
52%- 604
62%- 68%
55
634
Pref.
155 -155
Chic. BurL & Quincy... 13676-1384 137
Chic. & Eastern Ill
Chic. A Ind. CoaI.R’y.
-
Chic. Mil. A St. Paul
-102
50
35%- 43%
8%- 94
15%- 17
94- H4
Chesapeake A Ohio
1404-1404 145 -145
14076-151
150%-150% 151 -151
974-106% 1054-109% 1094-116% 112 -11S76 1104-1114
13
11%- 13% 124- 14% 13%- 15
15% ll%- 14
....
Bost.tV X.Y. Air-L., prf 101 -101% 101
Bull. Roch. A Pittsh
33%- 35% 34
«
894- 90
TOC'4-1024
I
-
-
794- 80
•
_
...J....
1
70
-
_
!
:
j
60
50
51
53
55 i 55%. 55% 52
52 I 50
574- 604 53
574 504- 504
904 1004 1004- 1044 100
1024 98 -1004 98 • 994 94 - 100
984- 1024 99 -1034:974- 102
97
914- 984 98
....I 94
104
1004 97
103 -1084 107
954 93 - 1024 100
107
97
884- 904 93
90 ! 82
■85 ! 90 - 90 i 82
85
904- 904 90
87 -94
go
924
1134- 110 110
113
1144 114%- 1144 115 - 115
1174 113
H-14, 1144- 115 110 1124 110%- 112
116
112
113
111
112 T104 1104110 - 1104 113
110%- 1144 114
115 !ll04 -111
i 108
110
102
108
105
105
99
102 TOO
102 ! 98
96
■104% 105
99
97
984 96
90
94
92
99
93
93 i 88
90
' 85
85 ' 83
95
80
90 1 90
90
94% 91
024- 924
114
114
H3%- 1154 115%- 1174 113
114
114
1144 116 - ■110
1144- 1144 1094 T12% 1094- 1104
102
104
105
107 ; 102
100
94
99 j 934 96 ; 90 - 95
1054 99%- 1024 98 • -101 ' 98
90
103 ' 99
100 '
100
....;100 - 100 TOO
110
112
-111% 112
no -112
1124 1124- 113
1144T14 • 114 !....
-111
t
1174--1184 1184- 125
119 j...
122%- 1244 121%- 125 119
i
104
100
107
107
L..
....:ioo
TOO {,... 1174--118
..!112 -II44T14 -114 ]
117%- 1184 118 -1184 1134- 1134 112 - 112
!....
i
....120
1204,.... •
-
....L...
Wheel.&Lake E.-l st.5
-
974
-
100
-
-
4 102%- 1034
llegistered
4 1024 1034
M est. Uu. Tel.—Coup..7 1194- 1194
Registered
7
-
924- 974
32
-109^ 100 -107 104 -105 |1024-105
100 -105
-99% 90 -90% 954- 90 j 95 - 95
91 - 95
107%-T0«4 108 -1094 1084-1C9 | ... - ....
70 - 70
....' 06%- 97% 9576- 97% 95 - 90.4 94 - 05% 92 - 90
-
111
90%
90
-
-
99,4- 1014 1014- 102%
••••
90
-
55
50
92
110
-
90
....
864- 88
844" 884
112 - 1134 11276- 1134
10976-
95
•
105%-107
107
0*4- 99% 98
-
-
....
•
....
_
85
-104
-
97
15
103%-10G4 104%-104% 103
93
90
55
-
-
1034 104
90
-
1034-1034
45
404
08
-115
-
*55
-
_
-107
88
....
•
90
.
115
89
-
105 -106
1074-109
50 - 544 47%- 52
65
107
-
-
....
1154-1164 1154-116%
1154-116 115 -116
1164-117
1154-117
98%- 984 98-99
_
•
90
-
....
-115
00
-
1
-
,
80-91
80
-
...
Wab’sh-Mort. 1909 7 85% 85%
Tol.& W.—1 st, cxt’d.7 110J%- 1134
St. I.ouisDiv— —7 106 - 1114
!2d, extended
7 99 - 103%
7 90 - 954
Cons., conv..
Gt. Western—1st
7 109
1124
2d mort., 1S93
7 99 - 1034
Quincy & Tol.—1 st. ..7
112
St.L.K.C.&N.-Rl.E.T 110
Omaha Div., tr.rec.? 100 - 1014
St. Chas. Bridge—6 1084- 1034
Nortli. Mo.—1st
7 114%- 114%
Warren—2d mort
West Shore, guar
25
24
-
1004-1044 103 -1C34
89% - 90% 90-97
-103 T04%-104% 1044-105
104%-105
- 99%
964- 98
95 -984 9*4-984
-110
108 -112
1074-109 jl07%-1084
-
89-92
...
Chicago Dlv
19
,
-
8S%- 904
115
Tol.P.&W.—1st tl\ct..r 104
Tol.St.L.&K.C.—1st.6
VirginiaMidland—Inc. 0 97 - 99
Gen. molt., 1936....5
Valley Ry. of O.—C011.6 105 -105
Wab. St. Louis & Pac.Gen. mort., tr. roc... fi
_
-
_
60
-
-
77
-
774- 80
_
Tol.A.A.&G.T.—lst..#> 103
ToI.vV Ohio Cent.—1st.5
20
-
*60
-
-
-
-
Tex.&N.O.-lst,1905.7
Sabine Div., 1st
6
Tol. A. A.& N. M., 1st.6
24
05
-
39-44
112%-1134 112%-1124 112 -112%
119%-119% 1154-1184 1124-H7
1104-118 115 -115
1184-1184
115 -117
1144-115% 115 -118
98%- 99% 9S%- 994 98
9S4
-
97%- 97% 974-100
964- 934 9(54-1074 107 -1C9
38
87
40
524 494- 55
97
994-1064 984- 98% 90
97%-99%
96%- 984 97%- 984
414- 454 40
444
107 -108% 108%-1094
1084-109
110 -114
109 -110
108%-HO
no -112
107%-1094
105 -1054 104 -1054 105 -1054 106 -1064
1054-109
109 -110
109%-1104 10s -1124 1114-1114
03-96
90-94
92%- 9676 894- 94
91-94
-
-
-
964- 99% 954- 994
35-45
41%- 40
108 -109
107 -108%
1134-114 112 -113
-
-
_
Incomes
6 284- 284
Tenn.Coalt&r I.—1901.6 104 -104
-
-
109
-109
110
38-47
40
-
40
85%
85
87
-
87
78%- 83%
x78
_
53
-
53
41
-
45
86
-
89
85
-
-
88
-no
85% 69%- 794
117 -121
117 -123
xl 144*20% 110 -110
109 -119% 1104-1164 110 -116% 104%-113%
145 -148% 142 -145% xl40 -146% 137%-142%
1274-132 123 -129
110%-1284 1094-121
15 - 104 12%- 15
16 - 18
13%- 15%
39 - 47
35
3G%- 434 35 - 45
40%
444- 524 424- 49% 39%- 47% 34
44%
107 -111% 10476-no
108 -113
100 -107
135 -1424 40 -120
50 - 60
00
60 1
7976- *-9%
-
-
-
-
.SB
.
-
,
40
-
40
43
90
-
93
90
904
7376- 774
714- 78%
111 -115%
106%-1134
140 -144%
109 -116%
14
15%
-
-
45
-
1104-113%
x04%-lll%
138%-142
I107<t-H44
12%- 14%
40
30%- 414 36
S7%- 42% 36%- 40%
106 -1104 10576-110
05
-
05
....
[Vol. XL\I.
THE CHRONICLE
20
JANUARY
Low. High Low.
<?UNE.
MAY.
APRIX.
MARCH.
Febr’ry.
STOCKS.
MISCELLANEOUS STOCKS—Continued.
OF RAILROAD AND
COURSE OF PRICES
|
Sept’ber October.; NOV’BER.
July.
Dec’ber.
i
Low.
Low. High
High Low. High Low. High Low. High Low.. High
High
Low.
80
66
High Low. High Low. High
i
'
.
1
Cin. Ind. St. L.&
Cincin. Wash, it
Fret
|
93
87
-
5-0
5
-
89%
5%
4%-' 636
8%- 9%
8-10
S%- 10%
65 - 6734
63 - 65% 05 - 68
15236-153%
-15234 15034-151% 152%-153
9834
-
87
-101
99
97%-104
5%- 5%
5%- 7
7%- 936
836- 10%
65
6036- 6534 59
95
(-hie..1
Unit..
-
73%
85% 70 - 81% 66 - 80
336- 4
m- 5
4%- 5
5%- 7
736- 834 .7-736
r.r*
51 - 01% 50
58 - 66
153 -153% I53%-154
152%81
-
Cleve. Col. Cin. & Ind...
144
Cleve. & Pitts., guar— 149 -15134
25
35 - 35
1
50 - 50
Col umbin & Green v., pi.
21 23%30%
28%33%
30
- 34
303637
34 - 37% 28%- 35%
Col. Hock. Vnl. & Tol.. at - 39%
134%-1S834 13634-139% 130 -130% 126 -1S4 126%13234-136%
133
-138
131%-137%
Del. Lack. ifc Western..!
82% 26 - 29% 2 4%24 36- 3034 30 - 32% 3034- 32% 28
Denver
Rio Grande.. 24 - 28% 21%- 26
61 - 65
62>.f- 67% 02%- 68% 57 - (13% 57%59%64%
56%61%
563660
Prcl
16 - 17
123620 - 23
19%- 21% 17 - 10
19 - 20
Dcnv. & Rio Gr. West. 20 - 23% 2Q - 2136
56
-
24
16
29
-
....
....
Detroit Hillsd.it So.W.
-
....
....
79% - 79%
-
....
....
-
....
....
__
Ft. I).
Des M.
85
1331- 17
E.Ten.V.itGa.Ry., new
1st pref.
2d prei
Elizabetlit.Lex. t IS. S.
Evansville »fc T. Haute
72
8234
-
2334- 32
18
12%- 14%
74
-
-
76%
-
13
-
8634- 88
79
14
-
15
82
10
12)4- 13%
60
-
77
1134- 1334
5836- 7134
24
-
28
20%- 2534
10
-
10
87
-
8936
-
...
-
1116!
-
10
92
99
-
10)4- 13 i:
5736- 62%
2L
Fort Worth
Green Hay
2234- 25%
12 - 13%
t Denver.
Win.&St.P.
2436- 4234
1294- 10
2134- 2434
12%- 13%
-
25
-
....
-
83
-
...
87
Houston & Texas
42
Cent.
45
-
....
95
93
96
-
37
....
93
97
-
40%
-
219
37
30
-
-135% 13334-138
90
97
-
-225
-225
99
-
1234- 14
1734- 18%
14% -17%
paid
Keokuk t Des Moines.
-
....
t14
14
-
38
pref
....
-
-
2754
10-10
12
-
1334
a"%- 43%
Kingston it Pembroke
Lake Erie it Western...
l>rcf.
-
-
...
....
90
9034
9436- 98'
62%
60%- 07% 57
Luke Shore
91
-
90%
93
-
95
Louisville &; Nashville.
Louisv.New A Ib.&Cliic.
58
-
-
60
65%
-
-
-
-
48
-
0336
....
8234
4736
...
_
Marq. II. t Ontonagon
30
233650%9334- 9036 01349534- 9734 x95%60%- 6634 05%e03I- 6334 01 -
....
....
Long Island
....
24
36
-
-
...
22%- 27
-
24
-
...
-
25
18
-
22
-
n
10
-
10)4
80
-
87
83
-
S5
-
Manhattan
Memphis t Charleston.
Mexican Central
Michigan Central
Milw. Lnke Sh.& W....
..
Milwn iiU(>i> t Nnri li’n
j
-15834 155%-157% xl55 -157%
16
16%
1734 1534” 17
5834
51
63% 55 - 59% 55
13%- 13% 14 - 14% 1436- 15%
91
86 - 9331 86
8836- 93%
75-% 75 - 9036
6634- 70Jm 08
102 -111%
98 -101*36 99 -101
154
Consol
Manilattun Beach Co...
16
-
-
-
-
-
-
Minneapolis «fc St. I.—
18
20
-
2534
-
20
-
24%
10
-
10
18
2336
-
-
21
-
85
.
20
20
-
114
-04
U4
-200
200
..
25
-119
20
|
21%- 24%
j
87
92
-
17%- 19%
21334-214
-215
210
21%- 20% 22
115
11534 118
95
12
-
15% .14
29
-
-119
93
9434- 94%
-
25
25
-
4136
30%- 37?
15%- 1936
25
-
25
38
-
453<
35
-
24
-
60%
1736- 22%
51 - 5834
9036- 98%
9436- 9636
5936- 04%
23
-
2434
58
-
00%
53
95
-
97%
95
-
70%
98% 04%- 98%
99
90% 96
06%- 0034 62%- 68-%
07
61
-
6434
-
57
-
20
-
67%
58
63
-
25
-
17%
-
95%
-
9056- 0094
2854- 3254
13%- 16
3054- 40%
80 - 055}.
96%
5934- 63%
85
40
30%- 49
-
40
91
56
-
50%
-
.
58
92
-
93%
87
-
01%
5436- 01%
27
-
41
36
-
4
5;
i
30-56- 88%
13
18%
1434
1656
-
5
5-5
i
-
47
24%
61
9634
12
15-20
-
....
31
30
34%
-
1434- 15%
1454- 17
45
4S?4' 4334- 46%
92%- 96>m
9254: 07
-
89
88
93
-
38
45
40
14
....
93
-
| 50)4- 6r%
5154- «3
44
-
14
-
85
-
101
8
-
-
-
10
-
52
-
-
.1-1
89%
863a
10734
-
-
-
-
413^- 4134
18 - 2034
55
....i 50
62
-
18
2036
-
15
-
30
-
17
19%
47%
-
-
-
12 ■
29%
10
-
16
22
-
34
23
•
21%- 27%
90
-100
13634rl39
31
-
9
854- 1236
18%- 26%
1736-25
8436- 945i
936- 12
27
26%- 32
29
32
-
-
...
-
.
1st pref.
_
-108
105 -10736 10534-10534
10534-107
N. Y. Lake Erie tfcWcst. 3036- 34% 2936- 34% 3336- 34% 8334- 35%
Prei
0534- 73% 6534- 74341 70%- 73% 72%- 7436
56%- 65%
N. Y. & New England... 51 - 5734 55%- 62% 59%- 66
220 -222%
208 -214
210 -221
N. Y. N. llavcu & Hai ti. 210 -220
2034 15%- 1834 17%- 18% 1836- 1936
N. Y. Ontario it West... 17
11%- 12% 11 - 14
1-34- 13%! 13 - 13%
N. Y. Susq. it West
Prel
3136- 34% 31 - 3834 34%- 3734: 36%- 3834
2036- 22%
18 - 2a% 1734- 22 j
Norfolk & Western
22
50
54%
45 - 54
Prel
4336- 49% 47%- 51
2836- 30%
20362834
Northern Pacific
28
27342834
263462%
Pref.
5634- 01% 5636- 60% 58
00% 60
Ohio it Mississippi
23%- 2936 22% - 28% 27 - 31% 39%- 3236
17 - 20% 1»%- 21%
18 - 18
19 - 21
Ohio Southern
-
-
-
-
108
S3%- 35%
72
55
227
•-
76
-109
10734
10734- 109
30%- 84% 28 - 32% 27%
68
74% 00%- 71% 64
15%- 50% 40
53% 40%
220 -233
221%- 230 222 -222
17%- 19% 16%- 17%; 15%
936- 11%
8%
10%- 12%
80
30% 29 - 3:1%! 26% 32
108
-109
-
-233
18%- 19%
13%
3036- 37%
15 - 21
20%- 23
51 %- 55% 44%- 53%
20%- 33% 31%- a:-%
61%- 6334 58%- 62%
20%- 80%
29% - 31
19
19
1934- 22
12
-
*
210
-
-
20
-
j 1434
41%'- 48% 40 ■
32%- 34%: 24%
58
61%; 47%
23%
17
12
18
-
14
-
18
38
-
45-%
23%- 30%
16
-
12
-
13-%
-
-
11
76
7934
-
-109
31
-
10%- 18
-210
-
77
6436- 70
40
-
42
3034- 39
02
67
-
0034-102%
2734- 30%
63%- 67%
-103
683-;.
-
35
3834- 4356
210
-
-
-
'
-212
836- 10%
27
%- 33
14%- 17
39
-
44
21
-
24%
-
-
15
-
1836- 26
17%- 20
10
-
1754
22%
10
-
30
21
12
-
19%
10
-152
161
-104
160
18
-
18%- 21%
1836- 22%
C4%- 693a
17%- 24%
150
-215
1034- 12
24%.
25
1836- 23% 20%- 235*
71%
5856- 63% 62
r48%-15056 149%-15C%
4034
-
1536- 17
b%- 936
2734- 30%
1434- 16%
40 - 43%
22 - 22%
44 %- 47%
22 - 25%
15%- 175s
4356- 4936
4156- 51
21
2536, 23 - 25%
1056- 1336 1236- 14%
17%- 20 3<
5054- 05
-
9134
137
2036- 31)4
1456- 10%
854- 9%
25
2854
13
15% l
34%- 4234I
20
24%
...
-
-
208
48%- £5
28
2936 22 - 20% .... •
29 - 31
2834- 2836 26 - 2934 2834- 30% 27 - 29
Oregon Short Line
24
31% 20
Oregon &. Transcontin’l 29% - 34% 29-4- 33% 30%- 33% 33% - 35% 33%- 35% 20%- 34%
28 - 35% i 22%32%38%
34%C-9%
34%36%
Peoria Dec. & Evansv.
3034- 35% 3236- 36% 32%- 3534
47% 4734- 53% 47'%- 58%: 47% 57
30
47% 44
42% 34 - 39% 3e36- 39% 30
Philn. it Reading
151
152 -15534 150
15034- 151
145 -14534 140%-14734 147 -149% 14834-152
Pitts. Ft. W.it C., guar. 145 -148
104
104
104 -104
Pittsb.McK’sport
Y.
-
-220
3034
2934- 31%
_
59
22%- 28%
-
2534- 27%
19%
68
101
3454- 41
1536- 18%
754- 10%
24%- 30%
-
16
32
-
0154- 70%
35%- 40%
-
01%
99)4-103%
24 %- 2036
x102-109
27
21
-
•
1?%- 20%
—
_
100
-
....
_
New
Id
24)4
17 - 219*
84%- 9594
19
934
534-
n
-
89%-100%
10-12
10%- 13
137 -138% 135 -138% 13536-137
70 -80
6854- 73% 73%- SI
S?8- 45m
2%- 2%
105%-110% 10154-10754 100 -100%
15%- 17%
14 - 1836 1454- 18
...
105%
1534
26%
40
55
-
12
-
2d prel
N. Y. Lack, it West
89%
-
-
95
-
-
Omnlia it St. li., prel...
12%; 936- 11
65?41 5836- 6336
9656- 9656*
4756- 4856 40J4- 48%
8 9
934
10%
....
836- 10
-12136
110
5-7
25
18
J
8
42
45%
Prel
Missouri Kail, it Texas 2834- 33%
105 -109%
Missouri Pacific
1534- 1934
Mobile & Ohio
139%-14034
Morris t Essex
Nashv. Cliatt. tfc St. L... 81 - 88%
12 - 12
r
\i“\v .11>l'NPy it Nt V
112%-114% 100 -113% 106%- 110
N. Y. Cent. Sc Hud. Riv. 11134-114% 110 -11436 xll36-HS% 112%-114
19% 1656- 19%
1834- 2034 10 - 20% 17
6%- H% +16%- 20
9%- 15
N. Y. Chicago & St. L...
34 - 3736 31
30% 30 - 33%
20 - 28
1S%- 23 +27 - 3234 31 - 35
Prel
-
-
I
j
13942834- 38%
42 - 44% 4334- 45% 4334- 4836
32
24%- 29%
30 - 32% 3134- 34% 3134- 33% ”20
92 -110% 90%- 104%
104%-110% x 105%-09% 107%-109% 10736-H2
10
17
18% 15 - 17% 13%- 15% 12 - 14%
14%- 17% 10
130%-140 137 - 139%
137
-139% 139 -110
138%-!41% 12734-13836
79%- 80% 7G%- 8336
8234- 87
82%- 87
79% - 8034 83 - 85
1734- 19%
4036- 4436
2634- 32%
-
58
2734- 30%
88 - 9336 .88
83
83
81%- 8154
83 * 85
08
98 -10034 90
90 -1043}. 99%-103%
10936J 121
93% -11336 x94%-109
158 -160% 115 -161
155%-161%
li
14
12
10%- 11%
11%
1056- 1*% 10
10 - 18% 14 - 16
10 - 17
52
10
50 - 53
61
50
'50
49
55% 45
58 - 0434 59 - 6234 55 - 61
14 - 17
13
10
13J6LuV
1336
11%14
15%'- 18%
10 - 22
17%- 19
82 - 88
8154- «8% 80%- 92%
00
9534 87 - 94% 81 - 9134 80 •
9334 01
80 - 88
8436- ^0%
7954- 85
79%
7936- 87
M3t 8736- 94
87 - 0234 91
101 -106% 103 -1083-1
100 -109
xll0%- 119 106 - 11334 103 ■ -110
109 -11536 115 -110
_
.
10
1
40%- 4S
-
Prof.
-
....
_
45
-
u
25
*120% 37% 12136-12134 x11736-124
94 - 94
93%- 97
| i)2 - 95
....
-
10
...•
30
-
-
Assessment
Prcl
3734- 11
30
06
9336
-
223
120
-182
xl28%-32% 129
13234-135
Illinois Central
Leased line, 4 p. c
Ind. Hloom. <& West....
-
-223
223
-223
223
-225
220
_
936- n-%
58%
55
61%
....
..
.
-
836- 11
9%- 12%
....
75
-
-
...
Harlem
-
....
95%- 97%
44%- 47
7%- 11%
-
-
13%
9%- 12%
105%-105% 10034-100% ... - ...
4336- 46% 44%- 47
47%- 62)4 41%- 49
1434i
12%
1536- 16% 13%- 15% 10
....! 17 - 18
26%- 27%
26%- 28
5036
1534- 17
41
10%i
-
....
....
-
52
_
_
152%
1734
26%
131%
2236
56%
-152%!
15
-
75
12%- 1434
74 %-
55
! 5034
-
_
-
15
-
82
15%
78
73
7636
23
26
24%- 2636 24%- 2a%
1534- 1534
15%- 15% 16%- 17
95%- 99)4
84 - 8636 x86%-100
12%- 13%
12%- 14%
7134- 77*4
2134- 20%
15
18
-
86%- 89
85
-
-
6
6%i
56
15
25% ”2054- 2456! 2236- 2756;
124%-13l% x 12336 30% 12554-135 J
2254- 2156j
23%- 27% 2036- 26
56
62% 52%- 5854 55 - 6036 j
13 - 16%
~
16
17%
-
70
4%
-
151
17%;
-
-
....
51
7394- <<34
3%
75
-
3%556-
6%
-
47%- 5436
151%-152%
152%-154
-
-
5
7
4%40
-
7L
3-4
4%
3
79
-
-
151
150
-
105
-ies
*
•
-
_
Kens, it Saratoga
170
-170
107
-167
-170
Riclim. it Allegheny....
8
-
1034
Richmond & West Pt...
40
-
53
4136- 47%
536- 10%
3?%- 43%
75
-
8734
77
72
Pref.
Rochester & Pittsburg
-
81%
4-4
Rome Wat. & Ogdensb.
St. Jo. & Gd. Island...
86
St. Louis Alton it T. II.
30
-
95
_
80
Prel
834-11%
107
-
-
35
4
80
-
89
30
-
80
32
-
34
85
-
-
78
170
6%-
-
7134- 76%
436
87
3336
170
-170
4-6%
3836 - 41%
7234- 70
85
-
90%
-
28
33%- 34%
-
75
90
-
9334
22%- 2336
30
-
-
33
34 %-
44
75
84
-
2234- 25
-
30
-
-
-
-
*
Ex
rights.
+ Assented,
-170
2%-
4
26
39%
07%- 76
-
161
58
-
....
.
-03
-
163
2%2234-
I
3
88
-
9i%i
39
-
43%; 33
-163
2-2
1
2%
2056- 3n%
2036- 27
1
43
47
336
70%; 51
-
89
163
161
-
236- 3%
25%-- 33%
2%-
-
62
-
05
163
-103
7%23
-
8-9
9
2956! 2034- 263
.
x51%- 62
53J6- 64
i
-
3
|....
!
:
-
-
....
7836- 86
75-83
79%- 9<>
; 85
-
87
32
32%- 33%
34
40
36
-
3836
70
-
70
_
23%
21 - 24% 21%- 23% 20
44%
32% 31%- 34% 83%- 4034 37
63 - 67% 6134- 65% 05%- 70% 69 - 80-% 77%- 8436
1st prel
X112-11734 112%-U336 113 -11034 115 -11834 11634-119.%
63
St. Paul & Duluth
5934- 62% 6234- 69% 62%- 90.
0534- 61% 5 /
108%-114%
Prel
107 -108% 108 -1093v 10734-110
10834-110
113 -11834 H4 -120%
113 -119% 115 -119
St. Paul Minn. «fc Man.. 11336-117
12 - I5%i 10 - 12
South Carolina
9-15
16
17
13
15
34-35
34%- 34%
Southern Pacific Co
35 - 36% 35 - 3534 29%- 35
20 - 24%
Texas ifc Pacific
Assessment paid
22%- 26% 20
29% 26 - 30% *734- 31% 3036- 35%
St. Louis Ark.&; Texas
St. Louis&S. Francisco.
Prel
170
4-4
71
80
7%
37%- 42%
28
30
-170
41%- 45%
75%'
16-19
|
75
18
-
23
33%- 4336
72
83%
-
112
x78
-120
-
-
41
75%- 753
"
8
-
31
-
25
-
34%
-
18
30
-
38%
1
j
9936-105
97 -115
8-9
SO
-
3136
30%-
(7-7%
31%!.... j....
34%
11
-
-
i
95
9%|
10
15%
32%- 38
64
60 %- 77
75
109%-113% 107 -112%
60 - 7456 55 - 67
-
99 -105
108)4-113% 10234-108
114 -120% 11234-11734 110%-115
38%
-
_
15%- 17
3934 32%- 383
73%-: 78%: 08 - 76
11534-119% HI -115
35
-
'!
-
100
-104
1496- 17%
34 - 37%
0S%- 7434
110
57
-10o
100
101
-11434
03%
-104%
-
x94%-ine% 103%-11136 105%-111%
8 - 1034
9 - 10 94
_
....
....
20%- 29
-114% 112
62%- 60
21
%- 2056
-
....
2334- 28),
COURSE OF PRICES OF RAILROAD
[ Febr’ry.j
January
STOCKS.
Central —
57
5SJ6
55&- 02
ITnion Pacific
Utica &
34
-
57
-
!....
35
-
42
85
!
1?%- 19
1
35
Virginia Midland
\Vnl>. St. Louis &; Pac.. 13-li- 19
25*.6- 35
Pref
Wheeling & Lake Erie
-
-
23*4- 81%
35
58
-
)
-
I
Sept’rer.
August.
27
28
1 51
- 51
52%- 58%
55%- 61%
-
35
40
-
-
88
45%
32
-
52% -
-
35
46*4
17*4- 10
-
-
44
20
36%
63
31
-
-
'
Union..
05
-
9G
71
-
76
or,
|
70%- 7G
American
United States
Wells, Fargo & Co
139.^-144
142
107
108
-110
142*6-145
-110% 10S4*-110
-
64
62
114*4-118%
65
63%- 73%
-129*4; 128%-134%
-115
62
64
-
-117
-144*4
109
4*4*4- 48%
35*6- 39%
35%- 37%
44*4- 47%
44
30%- 46%
41%- 40%
45%- 50
21
24
24-25
143
-148
110
-117% 1C9
68
-
127
-130
143
142
132
145
.
71
66
-137
12S
-
Coal
30*6- 40*u
Colorado Coal & Iron . 33%- 40**
Col. & Hock. C. & I —
Consolidation Coal
13
15
Hoinestnke Mining....
Marsh all Consol. Coal
14
17
Maryland Coal
New Central Coal
14*6- 18
N.Y.& Perry Coal & I. 62J6- 70-K
...
....
-
.
-
23
-
-
42
24
15
13%- 15%
13*6- 15
-
...
-
37
-
-
!
48
38
46%
47*4- 53,*4
45%- 47%
'
-
15
15%
....
-
14
-
-
,
..
....
13
15
-
...
14
-
13%- 15
-
14
16
14
-
14*4
69
-
71
12%- 14
71%- 72% *69%- 72%
25
26 j 25 - 25%
Ontario Silver Milling...: 22
25*6 25 - 20
275 -276
282 -282
Pennsylvania Coal
6X- 7%
7*6- P34
Quicksilver Mining
28 - 33*6 x29 -x31
Pref
45 - 49J4
Iron 44 - 54
Tennessee Coal
W hitebreast Fuel Co ..
-
1
G%- 7%
30% - 31%
41
47*4
-
6
-
29
-
44
-
50
-
Gas..|
59
-
55
-
f'o
122
Iron Steiinibnnf Co
65
70%
-
70
68
-131
120
-
128
-135
-130
■
1
140
-182
120
-140
;
1S71Y 138
in*
22
-
26
22
21
20
15
-
15%
28%
14*4- 15%
20
22%
12%- 15
22
11
-
11%
11
11%- 13
11
-
12
68% - 72
25 - 25%
19
-
34
43%
20%- 36*4
46%
-
-
23
-
-
-
30
31
-
39*4
30%- 89
-
170
Oregon linprovem’t Co.
Oregon R’y ifc Nnv. Co...
Pacific Mail S. S
40
-170
-
105
.
38
47
97*6-1044*
48*6- 5324
-
38
43
-
38
12
22
-
28%
32%- 40%
27*4- 33%
20
22
-
23
23
-
25
12%- 14
13
-
14
12
-
13
21
-
20
-
-
206
-
6*4
30
96%-102% X0934-1O3
49%- 57% C3%- 56%
100
Pliila. Co., Nnt. lias — 109 -114M i03 -115
Pull man Pnlnce Car.... 13916-147*6 X14B36-4754 146
54*4
-105*4
58% 54% - 57%
38*4- 43%
-103% 101
100
55
-
104
-108
101
-1533^ 151
-153
150
-111
-
5
-
25
-
-
10
14
-
15
....
5%
07
-
j1
...
-
_
_
20
45
52
-
.
96%-104 1 92%- 99%
43*4- 55%' 37%- 47
95 -101%; 06%-lOO
-107%
-159% 147%-157% 148
-152
j
•
34
-
40
-
....
27
6*4!
-272
6%- 12
30 - 34*4
20 - 29%
25
20-30
23
-
27%
25%85*4- 87%! 87%- 88*4
j
31%j
i
_
115
120
-
35
j
-
“
•
!
37?^-
-
.
__
44*41
•
_
!
^
.
41%
T9%- 02
45
-120
-115
:
34
-
12
-
.
1
-
....
23
_
-110
-
70 - 75%
09*4- 71% 72%- 77
96*4-100% 100*4-106%: xl02-103%
77
90%-101%
110
12
-
i
_
-
...J272
-
5*4-
5*4
4%-
25
25
30*4
24*4- 25
11 - 12*4
26*4- 27
27*4
-
-
15
-
2l%- 30%
25*4- 34*4
j
44-53
26
-208
69%
32*4- 37%
7-10
8
-,
11*4- 13*4
11*4- 13
11
26%- 27
27
-268
5%-
7
15
9%- 11
.
-
5521-Id 32->Us;
32
37
-
-
32
28
-
1
-105
-143
65
-
10
27
31
’
N. V. it Tcxnii Land
72%
12954-133
127%-131
-
_
...
-
75%- 79
70% x65%- 70
-130
31
11
-
-
28
-
,
.!
70-%- 81%
70
74*4
41%
33*4
30
-
25
6-6%
84
-
70%
OS
15
268
-
.
-
120
50*4- 51%
-20G
.
1
26
73
70
-
9-13
9-11
69*4
24%- 20*4
31
-144
-
71
-130
_
-
74
x105-110
,
.Tnlipf Sn>i4
-
142
-
-
70
-145
21
-
43
-110
29*4- 42
.
-
-
19
-
27*4- 83%
141
i
i
....
107
!
86J4- 87%
89*4- 30
71 %- 76
78%- 84*4 73%- 80
70 - 8634 83%- 80% S334- 86% 84 - 86% xS5 - 89
Consolidated Gas
Del. & Hudson Canal... 101*6-1044* 10O4*-103*i 1003-^-102
I0i%-105% x 102% 05% 100 -104% 99%-102% x98%-102%
j
107
_197l^ 198
-1‘HKU 19.1
123 -123 *
110 -117H 117 -128
F.qiiit nhlo Gim.L. Co. ..
Cliartiers Valley
-
!
-
87
14
....
-109
46%
7
1....
40
40%
15%- 19% 15% - 17*4
29*4- 33% 27*4- 32%
41%- 50% 42 - 40%
-
....
-147
-
55
i
141
_
59
212*4-213*4
.
50
107
.
j
eo
*
-
53*4- 59%
-109
_
oo
50
50
-150
37
6%-
6%- 8
S0%- 35
38%- 44%
6*4
81*4
-
45%- 58%
106
:i8
266
50
145
-.42
44%- 51*4
-
24%- 25
-
-
16
14
14
13%- 17%
68 - 72%
-
25%- 32%
-
....
49*4
-152
145
41
-
25
-
-110*4 107%-110
-150
COAL cV MINING.
Cameron
-
•
70%- 75% x70*4- 70%
70%- 78%
:
127%-129*J
127
<5%- 78% x67%- 79
75*4- 77%
-146
62
6216- 64>4
126*6-1204*
_
73% - 78%
1
EXPRESS.
96
-
20
40
44-54
11*4- 44
16*4- 1^%
2S%- 33%
35
4T%
10%- 18%
.26%- 82%
40*4- £6% 35%- 42%
17%- 21%
-
27
j
-122
20
35
-
-
Cable.
& So. Ainer. Tel.
American Tel. &
DEC’BER.
MOV’BER.
October.
51%- 57% ! 50 - 57*4
210%-210%
_
122
_
42%
20% - 22%
19%- 22
33
37% 35*4- 38*4
53
63% 57*4- 63*4
31
34
-
27
54-54
5514- 55%
60*4- 63%
-216
20
40
-
TELEGRAPH.
28
-
118%-11S%
-121
16%- 19%
20
-
55
00%- 63%
15-15
85
28
216
—
121
Black ltiver...
Cent.
Western
....
55*4- 58
56%- 61*-4
1
J ULY.
J UNE.
Low.High Low. High Low. High ) Low. High Low.IHgl. Low. High Low. High Low.High Low. High
Low.High
58*6
53%- 59%
-
AND MISCELLANEOUS STOCKS-Concluded.
May.
April
March.
High | Low.High
Low.
Tol. *fc Oiiio
21
THE CHRONICLE.
lSS8;j
7,
January
-
.
....
43%- 47
88 - 01*4. 87 - 00%
05*4 x84 - 95
34 - 39*4
40
43
x32*4- 41% 32*4- 10H 33
05 - 97
94*4- 97%
92%-x99
05 -100 • 89*4-100
112 -148% 145 -152
L44%-152*4 *130-141% 138*4-143
.8%-10%; »%- 9%
84
-
37
-
-
-
_
*
,
__
Rights
silver Bullion Certs
....
-
....
...
-
...
....
-
....
-
....
...
....
-
....
| Compiled from the
J);ty
"t
.Tmuiutv.
Mon. GO d. Sin lit.
1....
Holiday.
o
S.
w
4 St-'.; 85-%
1....
5
4 SL-% 85-%
4 si-% so-1.
4 SIC, 4 So1.';
4 SIS, 4 So1.,
...
r>...
7
8....
...
SlLf-2 85%-6
s.
...
10...
11..
12
13....
11....
4
4
4
4
4
4
.
...
r,2-U
S 1-14
'4 ST
S3
S3
S3
S3
4 s7
4 s~
sT
...
..
4 83 UT 4 ST * .j
4 SJC, l s?%
ST *4-0 S"%-9
S-
S
Sight.
7%-0 88*6-9
85U,-G S>%-9
S.
sd%-o 4
S.
STl.T-O 88*4-9
so’
S',%-0 4 SO
.85*6-0 4 SO
SoC-G 4 SO
So'
4 so
4 SO
4 SO
4
...
85*4-0 SS'-T-'J
GO d. Sight.
4 sod s?d-s
1 85%.87%-S
GO d.
83*6-0 88%-0
20
21
83% S7-%
.
85*4-0 4 89
17....
4 83*6-1 ST L;
Is.... 4 83% 4 ST %
19
4 S3 o', 4 ST is
15....
4
S.
Sfl-w; 89-*6
Sins
St; 14'4
SHUT 4 81)%
80% 4 SOC
SO-%
SO-l7,
Si.ijvfd
S
89%
85*4-6 SSJ4-0
4
4
4
4
Sod 4 88%
So ‘ v 4 88 “
S.T% 4 S3
8 5%. 4 S3
3.
4
4
4
4
84 % 4 ST
84% 4 S7
Sid 4 S7
84% 4 c7
s.
v
86%
...
ltit
...
90*4- 98%
96%- 97%
j
S5li»
SG ~
SG
Stj
4 S3
87%-S
4 88
4 S3
4 SS
1 88
8.
5-H|..; SS S L.T
4 80*1 SS 8%
S(
8.T% 4 88
4 86% SS 8%
8.
4 Slid 8S-Sd
4 86% 88-8%
S0%-7 SS-8%
8G%-7 SS-S'V
(SS-S F.)
80.U.-7 4 SS%
s.
4 87 4 ss%-9
4 87 4 HSU;-9
87-7% 4 .89
87-7% 4 80
ST-7% 4 89
87-7% 4 89
quotations of leading hankers |
July.
.7 nno.
rod. sight. GOd. Sight.
4 S5d
4 84
4 8:,% 4 SS
8.
4 Sod
4 87% 4 81
St id-7 4 SS’.T 4 Sli
S.
4
SG
4
87%
87'-7% ssd-0
4 87%
Holiday.
S7-7d S8%-0 1 SG
4 Si
4 Sod
8.
S7-?d
4
SI
4 85*3
4 S7
ssd-o 85*4-6 4 87%
4 85*4
4
SI
4
Sod
4
sT
4 ST
Ss%-9
4 ST %
4 84
4 STd 4 s7
s.
4 85*4
4 SI
SGd-7 88-8% 4 STd 4 87
S.
SGd-7 SS-Sd’ 4 Sod 4 87
4 Sod
4 84
86*6-7 ss-Sd 4 Sod 4 87
4 S3d 4 So
8.
so%-7 88-8%
-1 83% 4 So
80*6-7 88-8% 4 Sod A S7
1 S3d -1 85
SG%-7 4 ss ~ 4 Sod 7 v7
4
S3d 4 So
4
S5
4
Slid
8.
4 ST
4 SHd 4 83d Sj-5%
SGd-7 4 ss
8.
SGd-7 88-8% 4 ,s4d l .39
4 83d 85-5%
SHV-7 88-8% 4 84% 4 SG
4
83%
8.
85-5%
4 83% 85-5%
80%-.7 SS-N% 4 84% 4 SG
4 83% 85-5%
4
Sid
4
Sti
SI)%-7 88-8*6 '
4 Ki d 4 85%
4 84d 4 Sli
s.
4 83% 4 Hod
Sid 4 Ml
SG %-7 SS-S% 4
.
Sod-0
:
SGUi-7 88-8% 84-4%
:
SG%-7 Ss .8*6 84-4%
S5%-0 4 83d 4 85 d
4 s3d 4 85d
8.
86*.;-7 Ss-SUT
SG*6-7 8S-S% 84-4d 85*6-6 4 83*4 4 Sod
80*6-7 SS-8% S3d-4 S5-od 4 83% 4 H5d
83%-4 85-5% 4 83% 4 STd
s.
4 84
4 Sod 4 83% 4 Sod
1 luliduv.
SsuT-0
8.
8G%-7 8.8-8%
4 85% 4 88
"9
Mav.
GOd. Si-lit.
.
•4 SI
4 80
4 85
4 S3
COTTON
4 S' *,T 4 SSU7
4 80% 4 89;..;
4 80
4 80
1 81% 4 87
CONSUMPTION
4 87% 1 89
4 85% 4 87%
AND
4
1
87*6 4 ^y
84% 4 88
4 8-d 4 SS
4 83d -1 85
OVERLAND
MOVEMENT TO JANUARY 1.
-
...
....
-
97
....
-
07
FOR EVERY DAY IN THE YEAR 18S7.
i:
liigli
Li.vv
4
s.
8.T%-G
85% 87%-s
-
...
30....
31....
1
4
4
1
4
4 Slid SS 8%
85.5% 87% S 4 86% S3 Sd
84 % 5 87-7*4 4 86% SS Sd
4 801,7 81C;-5 4 87* C,
1 85
lion iC: v.
4 8J% 1 ST*.;
87%.y
23'''
4 sc,; 1 s<)U 4 85*-7 4 88
s.
4 S8l<T
21....
4 SG
4 89
4 SO
( Slu; SM--1
4 89
4 SHUT
4 SO
25.... S1V.-5 A Shi.; I St
20
4 89
4 .80
4 SHUT
84k»-5 8S-s!.t 1 SG
V
27. A. 4 85
A.
8.
4 SSL,
28
4 SSL, S',1 ,-G SHUT-9 S5%-0 88 s%
4 ST
29.... 85 ."'Jo
85*6-6 SS-8%
...
April.'
March.
February.
GO d. Sight
sn%-0 4 SO
stu.-o 4 so
4 So
4 S9
4 solS 4 80
4
4
4
4
4
4
10
-
Ex dividend ad rights.
QUOTATIONS OF STERLING EXCHANGE
9
....
...
4 S4
4
4 S>d 1
December.
Sign:.
4 SO
4 SO
S2-2d SGliU'
4 SO
S2-2d SO fid
S.
82-2d SG (id
4
82
4 80
S0-l>d
November.
October.
Septemb’r.
August.
Sight. GOd. Sight. GOd. Sight. (iOd. Sight.
4
4
SI
s5
4
82-2*6 Sti-tid
80d 4 So
S3-3d s">-r»d
GOd.
4 So
4 S3
4 So
4 82 d 4 So
4 32d 4 S“>
4 S2.d 4 85
4 83
8.
4 82d 4 85
4 33 d 1 So
4 S. d 4 85
-1 SI
4 SI
4 85
4 So
S.
1 lolirbiv.
4 SI
4 So
4 Slid 4 84d
4 SOd 4 Sid
4 Sod 4 Hid
4 Sod 4 Sid¬
4 8 l\Z 4 85
'S.
4 82
4 Hid 1 sod 4 So
4 Sid Sod 1 S5 5*4
4 82
S0d-1 85-i'd
S.
4 So
Sod-1 H5-5d
4 82
4 85
4 S3
80*4-1 Hood
4 85
4 S3
S0%-1 85-5%
S.
4 85
4 S3
4 85
S0d-1 85-od
4 82
Sod-1 85-5%
4 So
4 82
8.
80%-1 85-5 d
8.
4 SOd
4 SOd
4 sod
4 SOd
4 sod
4 SOd
-1
4
4
4
4
4
So
So
So
So
S
So
8?-2d SO G'i
S3
Holiday.
so od
's.
4 SOd 4 85
4 M '4 Sod
SOd
82-2d 815 Od
82-2d 8-' -Od.
Slid
S2-2d SG-lid
82d-3 8ri-6d
81*4-2 Sli lid
4 Slid
85d 4 83d 4 Bod 4 SI
4 Sod 4 H2d 4
So
4 Sid -4 84d 4 S«>d 4 Sid 4 8t»d 4
Sod-H
sr»d-tt
Sod-G
SI d-2 Sod-G
S1 d-2 Sod-6
2-2d 5d-Gd
2-2 d r>d Od
4 S2d SO-Od
S.
S2-2d Sli-Gd
Slid 82-2d 80-6 d
SG
82-2d SO (id
4 82
4 SG
4 S3
4 Sli
4
80
82
4
4
85
4 82
80d-l 85 5%
8.
35-5 GT 4 SOd 4 85 ~
4 82
82-2 d 4 SG
81 d 2 85-5d 4 SOd 4 So
4 SG
8.
81%-2 85-5%
4
1 SO
Sl'%-2 S -f d SOd 4 So
82-2d HO 0d
Sl%-2 85-5% 4 SOd 4 So
4 SOd 4 So
8.
82-216 80-Gd
4 82d 4 Bod
81 d 2 85-5% 4 SOd 4 85
8.
4
SI d-2 85-5d
SOd 4 85
4 82d 4 SOd
81 % 2 85-5%
'
Sod-G
8.
'-2d so 0d
82-2d 80 Od
4
S.
4 S2d 4
4 82d 4
4 82 ~ 4
SI d-2
Si d-2
si d-2
SI d-2
S2-2d 80 (id SI d-2 85*6-0
S
Sod-G
4 S2
4 82
(50 cl.
4 82
4 .32
4 82
S.
4 82,d 4 SGd
82d-3 4 Slid
4 83d 4 Slid
1 lolidav.
82-2 d SO-Od
SGd 4 S3
85
4 82
8.
S3
4 SOd
K1
4 Slid
S3
4 SOd
H3d SOd-7
S3d 4 87
S3d 4 87
8.
8.
4 80
4 SG
4 SG
Holiday.
4 Kid 4 S7
4 K3d 4 87
4 33d 4 87
4 S3d 4 87
4 83d 4 87
4 SGd
SO
4 83d 4
4 Sid 4
82-2d 80-0d
4 82
4 82
4 82
4
4
4
4
4
4
87
85d
overreaching anything ever before recorded. The move¬
ment has been 315,598 bales in December this year
against 261,557 bales in IHcerrib^r, 1886,and 2S0,019 bales
We bave this week compiled our usual statements of for the same month of 1835; for the four months of tte
overland receipts, exports, spinners'takings, etc., and as present season the aggregate is 873,256 bales, an increase
presented below the lesults embrace the first four months over last year of 196.50,0 bales and a gain compared with
of the cotton crop season— he period from September 1 to 18S5 of 174,491 bales.
In the net the excess in favor of
the
current
DecemberSl.
year is even more decided than in the gross,
result being 258,287 bales, and contrasts
the
month’s
OVERLAND MOVEMENT TO' .1AXI'AKY 1.
In. our last monthJy review we stated that the overland with 192,376 bales and 1S3,95;> ba’es respectively in the
shipments of cotton had been extremely liberal during two preceding years, while for the season to date the gain
Novembei; the same is true of December, the total yross over last year is 196,970 bales and reaches 185,620 bales
exceeding that for the previous month and ccnsequently compared with 1885.
CHRONICLE
THE
22
<s=—
-
,
—
[VOL. XLVI
—
■
'
OVERLAND FROM SEPTEMBER
Amount
Shipped—
Net shipments overland
From St. Louis
318,946
224,876
256,047
Over Illinois Central..
129,219
60,395
108,908
79,467
10,438
33,000
14,152
121,733
37,759
15,533
Over Cairo & Vincennes
above St. L.
Over the Mississippi River,
......
Over Evansville & Terre Haute
53,681
Over Jeffersonville Mad. & Ind*
31,305
8,787
61,326
Over Ohio <fc Mississippi Branch
Over Louisville Cincinnati & Lexington
2,685
22,673
9,536
39,311
Shipped to mills, not included above...
87,312
117,870
3,842
59,863
7,502
60,949
69,808
5,103
overland
873,256
676,756
698,762
Receipts at Cincinnati by Ohio River...
Receipts at Cincinnati by Cin. South’rn
573
.
Over other routes
Total gross
Total receipts
Southern consumption since
31,214
'
37,147
57,580
65,970
5,224
amount of
The
3,755,79813,594,638
513,742| 525,092
bales. 4,720,912 4,269,540 4,119,730
bales 4,925,912 4,419,540 4,250,730
cotton marketed
since September 1 in
bate3 mere than in 1886 and
675,182 bales more than in 1885. To determine the portion
is thus-seen tj be 506,372
1887
into the hands of Northern spinners dur¬
period we have prepared the following.
which has gone
ing the same
Total
receipts to January 1, 1888, as above..
Stock
on
hand commencement of year
bales.4,925,912
(Sept. 1, 1887)—
49,004
33,082
ports
At Southern ports
82,036
—
104,506
48,882
19,200
inland and Tak-
ings for Southern Consumption
from the following Southern ports—
-
236
Galveston
New Orleans
Mobile
Savannah
Charleston
4,050
13,506
12,604
1,016
2,803
4,628
3,380
8,194
450
687
2,334
4,217
707
328
802
16,942
3,013
2,766
Total to be deducted
162,544
163,014
173,670
Leaving total net overland*
710,712
513,742
525,0 >2
North Carolina
ports
Virginia ports
AND
Of this supply there has been
6,702
Burnt North and South
Stock
on
hand end of month (Jan. 1, 1888)—
234,014
At Northern ports
820,693—1,054,707
At Southern ports
At Northern interior markets
Total takings by spinners
Taken by Southern spinners
Taken
Taken
7,901—3,591,048
.
since September 1, 1887..bales. 1,419,105
205,000
1,214,105
994,885
1387
by Northern spinners since September 1,
by Northern spinners same time in 1886
takings by Northern spinners this year
bales. 219,220
The above indicates that Northern spinners had up to
Increase in
shipments to Canada by rail, which since Sep
tember 1, 1887, amounted to 24,908 bales; in 1886 were 21,247 baies^
and in 1885 were 21,061 bales.
This total Includes
RECEIPTS, EXPORTS
1,1888
5,010,153
exported
to foreign ports since Sept. 1, ’37...2,498,555
Less foreign cotton included
1,725—2,496,830
Sent to Canada direct from West
24.908
Total supply to January
34,453
Western interior towns
Deduct also Shipments
119,555
89,969
84,241
2,155—
At Northern interior markets
Receipts overland at N.Y., Boston,&c.
Shipments between (or South from)
131,000
150,000
205,000
September 1
Total to Januarv 1
At Northern
Deduct—
*
bales. 4,010,200
during same time 710,712
Receipts at the ports to Jan. 1
1885.
1886.
1887.
1885.
1886.
1887.
1 TO JANUARY 1.
SPINNERS' TAKINGS.
the cor¬
responding period in 1886 of 219,220 bales and an in¬
January 1 taken 1,214,105 bales, an increase over
crease over
the
bales.
time in 1885 of 156,886
same
marketing of cotton through the outports during
AMOUNT OF CROP NOW IN SIGHT.
has not been so free as in the corresponding
In the foregoing we have the number of bale3 which
month of the two previous years, the aggregate net has
already been marketed this year and the two previous
receipts being only 963,584 bales, against 1,164,886 bales seasons. An additional fact of interest is the total of the
in 1886 and 1,069,920 bales in 1885.
For the season to crop which was in sight on January 1, compared with
date, however, the total is in excess of any preceding previous years. We reach that point by adding to the
year, the gain over a year ago (the previous highest above the stock remaining at that date at the interiorThe
December
figures) reaching 254,402 bales.
Foreign exports also
liberal than
in December of 1886,
have been much less
towns, less stock held
In this manner
season.
by them at the beginning of the
we
find the result for three years
slightly the result for the month of 1885. Tne on January 1 to be as follows.
aggregate still continues to show a substantial
1385.
1386.
1887.
gain over either of the two previous years, in consequence
4,925,912 4,419,540 4.250,730
Total marketed, as above
bales.
of the very heavy shipments in earlier months.
527,707
395,595
408,OOu
The Interior stocks in excess of Sept. 1
stock of cotton at the outports at the close of December
4.773,437
4,815,045
5,393.912
Total in sight
exhibits a decrease from last year, but at interior towns an
This indicates 'that; ihe movement up to January 1 of
increase is shown.
Below we give our usual table cover the
present year is 578,867 bales more than in 1886 and
ing receipts, exports and stocks:
615,475 bales greater than in 1885.
but exceed
season’s
•
-
Receipts Receipts
Movement from
Sept. 1,1887, to
Jan. 1, 1887.
Galveston
EXPORTS SINCE SEPT.
since.
Sept. 1.
Sept. 1,
Great
1887.
1886.
Britain*
551,318
580.281
181,870
France.
Conti¬
4,024
62,591
248,491
87,899
758,932
25,204
397,099
135,594
1,201,CO- 1,119,309
157,690
158,097
20,356
16,360
717,855 655,771
New Orleans....
Florida
Savannah
Brunswick, Ac.
Charleston
Port Royal,Ac.
44,421
333,588
10,591
150,711
Wilmington
Washington,Ac
Norfolk
West Point.&c.
3,876
360,877
367,882
19,955
44,017
New York
Boston
.
Philadelphia,Ac.
22,081
324,189
13,453
115,564
3,288
314,930
182,445
300,643
21,489
127,301
200,493
62,543
0,895
33,843
102,781
227,671
47,239
33,394
117,835
237,480
86,003
38,370
28,267
19,796
19.120
49,539
3,500
10,230
165,020
10,088
244,888
107,968
19,374
51,703
399,519
15.909
169,103
25,204
19,374
20,92
1,595
123,500
1,712
18,160
3,702
165,020
117,835
381,907
87,775
58,131
31,969
58,510
2,156
20,942
55,955
9,493
175,141
798,14^ 2,498,555 1,054.707
Total 1886
3,755,79.-1 1,402,642
232,808
552,184] 2,297,634
1,118,884
Total 1885
3,594,6:8 1,113,971
212,409
7O0,75oj 2,033.130
1.131,538
*
—
Great Britain exports
include to the Channel.
Using the facts disclosed by the foregoing statenmn ts,
we shall find that the portion of the crop which has reached
a
market through the outpoits and overland, and the
Southern consumption since September 1, this year and
the two previous years, is as follows:
October
November
December
1,552,539
1,467,767
1,360,870
l ,443,433
1,488,582
413,836
1,309,111
1,390,902
1,36 9,404
4.815,045
4,778,437
4,474,253
8 24,369
l,588,7nt>
434,838
1,359,901
1.63,9906
1,340,871
485,552
-
5,393,912
Total 4 months.
WEIGHT
To furnish
a more
OF
BALES.
exact measure of the
January 1, we give below our table
receipts
of weight of bales.
Same
Four Months
up to
Same
Ending Jan. 1, 1888. perVd in peri'd in
1886.
1885.
24,753
233,702
4,010,200
September
17,000
16,515
1,460,045
-
Total 1887
1884.
1865.
18S6.
1887.
Months.
into
and previous
sight each month of the season during this
years, we have prepared the following.
'
come
.
Mobile
Baltimore
Jan. 1.
nent.
-
Indianola, &c
Total.
what has
As it will interest the reader to see
1, 1887, TO—
Stocks
since
Number of
Weight in
Bales.
Pounds.
551,318
l,2ol,03o
Texas
Louisiana
Alabama
157.6Q0
Georgia*.
782,632
South Carolina.
Virginia
North Carolina.
Tennessee, &o..
4.925.912
Total
*
including
344,179
728,759
154,587
1,005,681
x
iorida.
Average Average
Average
Weight.
Weight.
285,290,525
517-47
517 22
579,394,238
78,160,380
482-40
486-10
485-12
50200
49900
509-00
Weight.
519-61
48175
479-33
491-63
476 10
473-00
48000
346,160,525
73,181.486
490,772,328
47500
477-00
477-00
473 40
47000
47000
488 00
503-91
489-22
2.393.856.070
495-97
490 01
490-28
377,03 2,966
163,863 622
THE CHRONICLE.
18S8J
January 7,
23
RECAPITULATION.
It will be noticed that the movement up to January i
shows a decrease in the average weight as compared with
the
period of the last two years, the average this year
being 485*97 lbs. per bale, against 490*01 lbs. per bale
Debt
on
which int. has ceased...
Debt bearing no interest
time in 1886 and 490*28 lbs. in 1885.
same
Interest-bearing debt
Total debt
THE
COTTON
The demand
GOODS
TRADE
IN
DECEMBER.
staple cotton goods^was steady but
moderate during the month, and there was a large move¬
ment in some descriptions on account of former transac¬
tions.
The tone of the market continues very firm
because of the meagre supply in the hands of manu¬
facturers’ agents and at the mills, and additional makes of
plain and colored cottons have been slightly marked up.
Print cloths were in activa demand throughout the month,
and prices closed very stroDg at an advance of eighteen
points from opening quotations.
Less
reserve
1886.
1
Cotfn
low
mid¬
held for redemption of U. S. notes
1
2
3
4
5
6
7
8
9
3*44
3 44
3 41
...S...
3*44
3*44
3*44
3*44
3*41
3*44
8...
3 44
3 44
3*44
3 44
3*44
344
8...
3*44
3*47
3*47
103! r>
103! ^
10%
10%
101
6
id;«
10%6
10
10%.
101,H
11
12
13
14
10%
10%
1U%
15
101,
16
10%
10%
17
18
19
20
21
22
h
I
7%
7%
74
10%,
10
23....
7%
7%
7%
74
7%
7%
74
74
74'
74
74
74
24
25
26
.
...
.
.
3 33
3*38
...8...
81%, 3*38
815ig 3*38
3*38
9’-6 3-38
3-38
9%n
9
338
...8..
9
333
9%6 3-38
9
3*3 <
9
3 *88
9
338
9
3-38
63*
6%
j
63*
63*
63*
27
28
10%
29
30
31
10%«
i0%6
10%*
74
74
7%
74
%
.3.
3-39
«!%G
8
;
feli
it
8%
81-6
81%g
63*
63*
63*
63*
63*
6%
9
9
6%
6%
664
63*
6%
63*
63*
81%o
8%
83*
8i%6
813-, 6
8 3 e
7
7
7
8%
87a
7
7
8 "16
81 1()
63*
6%
6%
66*
Decrease of debt during the month
14,584,650
53,S30,335
Decrease of debt since June 30.1887
PACIFIC RAILROADS.
1
Int. repaid b y Companies.
Interest
Principal
Name
of Rail wag.
Out¬
and not
standing.
yet paid,
$
$
25,885,120
6,303,000
Sioux C. & P.
Totals
...
64,623,512
The sinking
Bu Trans¬
portation
f* u- sj
Service.
By cash
5,574,932
3,563,485
11.523,832
319,832
59,110 j 2,141,1.83
48,849' 1,855,094
134,573
l,938,7O5'74,731,730l
21,126,024
Balance
pay¬
of Inter'st
paUl by
in'ts: 5 p. c.
net earnings. the
?
$
770,553,29,664,984
189,090 7,042,053
817,095:31,494,013
48,000 j 1,933,808
1,600,00:
1,970,560
1,628,320
West. Pacific
In,emt
\ pa,d h«
i
accrued
U.
S.
$
058,283
§
23,431,707
438,409
6,926
4,078,507
19,532,371
1,607,048
2,131,810
9,307
1,720,520
1,103,019
52,*02,092
funds held (§9,016,650 bonds and §154,4'0 cash) §9,171,080, of
§6,351,181 on account of
which §2,819,905 was on account Of Central Pacific and
Union Pacific.
UNITED STATES TREASURY STATEMENT.
December
Assets
7
7
7
7
63*
63*
63*
63*
3-16
313
313
3* 14
83*
63*
Assets and
§
|
§
122,723,223
§
120,777,183!
302,001,275
130.755,591
39,971.s>
127,744,751
31,010,394
!
1
00,780,75:
90.734,057
208,608,130
Certificates
on
hand.
inces.
181,883,796!
) 305,342,187
Certificates issued...
Certificates on hand.
0<il
211,880,526
218,917,539
3,232,637
215,882,443
4,020,770
222,150,170
219,909,213
172,5*>2,72<
4,413,440
183,194,993
6,339,570
6%
..
3*
8%
8
November 30,1887.
Liabilities.
$
1S2.61S.964
Gold—Coin.
Bullion...
Bullion.
...8...
3*13
8...
313
S3*
Balances.
Liabilities
63i
..
7
ana
81, 18S7.
63*
H’day
313"
3-39
3% 8
3*38
395,919,424
1,225,598,401
1,240,183,052
.
.
I'-’itj 3-38
' 8i%u
6%
6*
0%
1,691,360,705
.
HMnv
II May
3 •50*
350
356
3 62
3*62
3*19
319
3*19
3*19
3*.9
8.
319
3 19
319
3*19
319
3*19
s..
319
3*19
3-19
3-19
3*16
316
S...
8l%e
63*
6%
63*
3% 8
Si%t
9
9
9
9
9
t
...S...
74
74
8lDlt 3*38
8
338
74
74 i 81%, 3*38
74 i 8l%6 338
3*50
3 50
H’dav
10%
6\
8%
8%
..
10%
10 itj
8i%« 3 38
8i%. 3-38
12,180,193
.§295,919,444
100,000,000
Debt, less cash in the Treasury, January 1,18S8
Debt, less cash in the Treasury, December 1, 1887
Cen. Br. U.P.
Oott'n Print- Sheet¬ CotVii Print¬ Sheet¬
low ! ina
ings, low
ing ings,
cloths, stand- mid- cloths, stand¬ mid~ cloths, stand¬
dling. 64x64j ard. dling. 64x64 ard. dling. 64x64 ard.
Print-\ Sheetina \ ings,
3,342,347
634,234,815
1,679,180.512
Uni’n Pacific 27,236,512
Dec.
178,392
1,295,441,281
09,842,879
Kan. Pacific.
1885.
1,053.763,543
Total debt, less available cash items
Net cash In the Treasury
Cen. Pacific.
1887.
$
12,001,801
Less cash items available for reduction of the debt..
for
Total.
§
§
1,041,761.742
3,163,955
634,254,815
same
for the
Interest.
Principal.
6%
b3*
3* li
Tlie above prices are—For cotton, low middling upland at New York
for printing cloths, manufacturers’ prices; for sheetings, agents’ pii es,
which are subject to an average discount of 5 per cent.
176,855,423
22,409,425
7,115,000
130,000
U. States notes
{A
Certificates issued.
108,149,274
*
45,294,753
51,759.939
23,153,220
7,155,000
320,000
0,835,000
6,5'83,000
Net U.S.notes in treas.
Trade dollar bullion
National Bank notes.
15,4 24.423
6,729,230
104,093
Deposits in Nat. Banks.
52,199,917
...
10.318,220
6,804,885
118,40342,428,071
’
The following is the official statement of the public debt as
it appears from the books and Treasurer’s returns at the close
of business December 81, 1887.
INTEREST-BEARING
Character of
Issue.
Amount
Inter'i
P'y'ble
Registered.
Outstanding.
Coupon.
$
4Jts
1891. Q.-M.
1907. Q.-J.
4s
4s refdg.certfs.
Q.-J.
8s, pension
J.&J.
J.&J.
.
Pacific RKs...
§
191.956,050 38,58^,550
620,131,650 112,310,450
*64,623,512
Aggregate
Total.
$
230,544,600
732,442.100
151,530
14,000,000
*64,623,512
876,711,212 150,899,000 1,041,761,742
Int. Due
Accrued
<k Unpaid.
Interest.
§
§
864,512
7,324,421
1,515
417,389
973,717
51,520
210,000
9,989
9tn nr.n
1,938,705
1.662,617 10,339,183
*2,362,000 matures Jan. 16,1895; §640,000 Nov. 1. 1895; §3,680,000 Jan. 1, 1890
$4,320,000 Feb. 1, 1896; §9,712,000 Jan. 1, 1897; §29,904,952 Jan. 1,1898; §14,004,560
Jan. 1.1899.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Aggregate of debt
which Interest has ceased since maturity is $3,163,955 ;
interest due and unpaid thereon, §178,392. This debt consists of a number of
items of which the principal amounts are called bonds, the principal item
being §1,235,100 called 3 per cents of the loan of July, 1882.
on
DEBT BEARING NO INTEREST.
Amount.
Old demand notes
Legal-tender
§57,105
notes
346,681,Ole
Certificates of deposit
Less amount held in Treasurer’s cash
Gold certificates
Less amount held in Treasurer’s cash
BUyer
.
certificates
Less amount held in Treasurer’s cash
factional
currency
Less amount estimated
as
Aggregate of debt bearing
lost
no
or
destroyed....
interest
Accrued interest
Matured debt
Inter’t on matured
Int. prepaid not accr’d.
..
due, unpaid.
DEBT.
7,115,000
130.000-
127,74-4,451
31,010,394—
183,194,993
6,339,570 15,318,148
8,375,934-
6,985,00<
96,734,057
Debt and int.(Liability)]
Fract’l cur’cy redeemed;i
U 8. bonds and inte’st.!
Int.ch’cks & coupons p'd
Reg. &coup. int. prep’d ;
Debt
nndinter’st.(Assef
D'bt&int.netl Liability)
Res’ve for red. U.S. notes.
Fund held for redemp. of
$634,254,815
1.034,008
7,652,583
3,252,075
178,713
202,05a
796
1,780
0,990
1,938,706
10,590
1,615,588
15,344,945
14.609,880
1,780
790
2.709,537
44,014
1,781,997
1,105,700
4,492,330
1.151,
10,852,615
160,000,066
101,450.595
7,928,482
Redemp.res’rJLia&irty) 210,413,467
200,379.077
Bank notes In pro
cess of redemp.. .(Asset)
Net res’rves.(Luit>itity)
Post Office dep’t account.
13,458.31
i 60,606,066
7,878,699
Nat.
Disburs’g Officers’bal’ces.
Undistrib’d ass’ts of fail’d
National banks
Currency and minor coin
redemption account....
Fractional silver coin re¬
demption account
Redemption and exch’ge
account
Treasurer’s transf’rch’ks
and drafts outstanding.
Treasurer U. 8., agent for
paying Int. on D.Col.bds
Total
(Liability)
int.on D.Col.bds pd (Asset)
(Liability)
Net
Balances.
.(Liability)
(Asset)
vssets not available—
Minor coin
6,942.214
1,652,627
8,400,479
3,103,955
178,392
102,534,708
notes of Nat. Banks
Five p. c. f’nd for redemp.
of Nat. Bank notes
Vet balance
176,855,423
329,310,644
328,420,548
THE DEBT STA TEMENT FOR DEO EMBER, 1887.
Subsidiary silver cola..
Aggregate net Asset
3,013,462
4,755,341
205,658,120
4,248.474
32,7O0,830|
1,703,079
1,420
3,600
206,305,615
3,423,670
43,950,053
1,043,67?
62..
1
y
2,330
(
413,950!
480,271
2,819,7381
4,596,335
|
123,437 j
139,510
42,081,140
54,230,570
8,505
14,2I2|
42,000,928
# 9
llOtf
54,228,011
♦
7
1
9
"f
1>
69,842,879
55,238,701
55,781
24,327,520
24,158,004
94,226,169
79,466,975
50,270
THE CHRONICLF
24
T
ga0ttctaruf©ommerjctaI^tiflXisTx^ci»s
more or
less for
been asserting
for gold, which has
The German demand
itself
Clyde to-day £12,500.
suffi.
weeks, lias at length become
some
Gold- There has been a strong demand for export to Germany, and in
addition to absorbing such amounts as were offering in the open market,
recourse has been had to the Bank of England, who have sold during the
week .£192,000; £20,000 has been paid in. Arrivals: £14,000 from the
East and India.
The Assam took £10,000 on lCtli to Bombay, and the
December 24, 1887.
Los don,
•Silver—The rise which we noticed in last week’s circular continued
until Monday, but was not caused by Indian demands or exchange. At
44%d. considerable amounts found purchasers for India, but with spec¬
ulative inquiries coming on a
supplied market the price rapidly
rose, until 45%d. was touched.
At this figure heavy sales were made on
New York account, and as the nearest Indian parity price was very much
below tins, and there was no further speculative demand, the price fell
to 45d., followed the next day by a further reduction in exchange, and a
fall of 'lid. in silver to 44 qd.’ To-day there is no change, but the quo¬
tation is linn. Arrivals: New York £50,000, River Plate £1(1,000;
total, £00,000. Tin* Assam, on the lOtli, took £239,855 to Bombay, and
the Clyde to-day sails with £141,980.
Mexican dollars rose, in sympathy with bar silver, but. on the fall they,
ciently strong to necessitate recourse to the Bank of England,
and some £200,000 have been withdrawn for'Berlin.
This is
the only sign indicative of firmness now affecting the money
market.
The actual inquiry for money is extremely quiet,
nnd, in spite of the extended trade, is much below the aver¬
age for the time of year.
Short loans are nominally quoted
at 1V£ to 2 per cent, but money has at times found no takers?
even at 1 per cent.
So, also, discounts have been very dull?
three months’ bills being taken at
per cent, or
per cent
below the Bank rate. Some £635,000 Treasury bills maturing
next week are not to be renewed immediately, and larger
balances will therefore be available during the last two or
days of the year than was
three
scantily
new
To-day’s price is 43 qd. nearest.
too, declined in value.
The
quotations for bullion are reported as follows :
SILVER.
GOLD.
d.
s.
expected; in the first week
44%
44 13-16
Span.doubloons..oz.
contain
ing 5grs. goUL.oz.
oz.
Cake, silver
47 11-16
47 15-16
S.Am.dmiblnons.oz.
Mexican doN
43*4
43*4
Bar
77
Bar silver
Bar silver,
77 10
77 10
20 dwt? silver..oz.
9
oz.
Very quiet grain markets have prevailed during the week.
approaching holidays are making themselves felt and
are limiting dealings, values remaining nominally the same.
The position of the wheat trade can hardly be said to have
The
altered.
display of comparative firmness has
The recent
away, but it is at least some satisfaction
out of the recovery since the commencement
the effect that
the reaction up
passed
respecting the “ copper corner ” are to
syndicate has been formed in Paris which is
to continue for two years and is to be managed by tlieSocicte
des Metaux, who will undertake the purchase and sale of all
a
Messrs. Rothschilds were said to be
interested to the extent of £750,000 and the Comptoir
and Messrs. Gerod et Cie.
d’Escomptc1 to £500,000. The Messrs. Rothschilds alluded to
are the Paris house, the London branch having denied being
7
corn
7,323,479
5,852; 401
25
-
“
“
2*
o'
4
4
4
23
4
Four
Three
Six
Months Motiths Months
i
3
3
3Ji@l
33s@ - 3*%3 — ;3 @ - 3q«4
3*4 3J4«3q SmVi 3%®4
3 (it —;3 <3* — 3144
2 < s It —,2/'*(#& — 3,*<t@3*q
2V3 - *?SC4 ~ 2^ - ZMWi
i3 @
4
IflJ
|
Four
[Months
Nov. IS, 4
“
6,625,019
3,825,416
783,313
1,240,53 4
5,486,962
4,711,142
1884.
1886.
15,875,541
1,919,708
12,230,9.54
18,14 8,823
3,391,116
11,301,120
15,827,1.97
4,711,142
15,915,480
30,090,12S
03.020,203
30 501,095
30,153,819
Aver,
Aver,
Id.
3d.
week. 3is. 2d. 33s.
season. 29s. lOd. 31s.
price wheat
price wheat
1885.
30s. 5d.
30s, 1 1 d.
1886.
1884.
5d.
32s. Id.
31s.
Joint
Three
Deo.
4,944,121
3,936,397
758,645*
1,132,579
7,877,011
3,991,140
Imports of wlieat.cwt. 15,910,636
Imports of Hour
5,852,101
Sales of home-grown. 1 1,303,391
1887.
Disc't H'se.
15,827,197
stocks od
Total
for deposits by
18,118,823
Supplies available for consumption (exclusive of
September 1):
1885.
Interest allowed
Trade Bills.
8,500,619
5,720,741
756,240
798,909
7,536,896
4,919,708
5,516.503
1,132,208
760,962
1887.
in any way mixed up in the matter.
The rates for money have been as follows:
Bank /tills.
15.875,541
6,307,617
Barley
1884.
1885.
1886.
1887.
Oats
Peas
Beans
Indian
Flour
to know that
of the season
to the present is only about 6d. per qr.
cwt. 15,910,636
Wheat
copper produced by the companies interested. The syndicate
is said to include Messrs. Rothschilds, the Comptoir d’Escomptc
Lond'n
44 7-16
44 *4
9
44*92 per cent.
The latest reports
Open market rates.
d.
d.
el.
s.
Fee. 15.
Dec. 22.
oz.
gold, fine—oz. 77
gold, contain’g
Bar
year a
London Standard.
Dec. 15.
Dec. 22.
London Standard.
further £430,000 in Treasury bills falls due
and another batch of £515.000 about the 8tli of January.
Possibly, therefore, the next operation will embrace the
renewal of these three sums, amounting together to £1,5S0,000.
In the weekly Bank of England return a loss of
£420,686 is shown in the reserve, owing mainly to the expan¬
sion of the note circulation; and the proportion to liabilities,
which last week stood at 46-17 per cent, has been reduced to
of the
Pixley & Abell write as follows on the state of the
bullion market:
correspondent.]
[From our own
Messrs.
-|Vol. XLVI,
-
(§»
—
&
—
ft* “
}
3,q@4
\$A@l
3>4 a 4
3M<ft3-:q'3>4®3 %
Days.
2A 2--H 2-H
are
2'A
2'A
2A
2A\2U 2H
ary
2A 2% 2M
2A 2'X-2%
2Am m
2A m 2 H
2A
Circulation,
£
V
excluding 7-day and
other bills
Other deposits
Government securities
Other securities
Reserve of notes and coin
Coin and bullion
—
£
Consols
150,600,000 ,110,243,000
Clearing-House return
The Bank rate of discount and open
chief Continental cities
and for the
now
4 p. C.
5 p. c.
Philadelphia A Reading.
New York Central
98,800,0( 0
97,505,000
23.
Bee.
Dee
10.
}>.
Dec
OpCK
Bank
Open
Bank
Open
Bank
Hate.
Ma rl;ei
Bat*.
Market
Bate.
Market
Bate.
3
zr
*29
121
03%
78 q
251%
1 ‘2 1
f>(5
33%
11*2%
J
:
10213,..
81 *35
10215,
noq
110%
128 A
63%
70%
128 3-4
j. 63%
128%
o l %
28%
28%
;
1
55%
33%
33%
111
%
1
78
29
121
121
121
|n-2 %
a
44->,
1031
103%
8137%
1
no
<s
;>;>
and
55 -h
;>.>
33%
33q
111 %
111%
‘s
European Bank Changes—We
print below the figures and tables usually given at the
our
article
on
the Financial Situation.
The
6,1888.
2.
Berlin
3
2%
2A
3
2A
3
3
2A
3
3
2%
3
24
2*4
2A
34
3%
6
Open
Market
Total gold and legal tenders....
2%
2%
O
o
2
2%
3
2*4
3
2
24
3*a
214
2A
SA
of currency
2*4
3*4
from
34
Frankfort
3
Hamburg
3
Amsterdam
2A
Brussels.
2A
Madrid
4
4
4
4
4
4
4
4
Vienna
4A
4%
4A
4! 4.
4A
4A
44
4%
St. Petersburg..
5
5
5
5
5
5
5
5
0V»penh?wrmi.
3
3
3
3
3
3
3
3
3
Received by
Shipped by
TV. Y. Banks. N. Y. Banks.
Net Interior
Movement.
$1,912,000
$807,000
Gain. $1,135,000
$1,912,000
$807,000
Gain.
Gold
3
2U
2H
2’A
2H
2a
•iH
...
5*
J
Currency
Bank
Paris
111
129%
44%
417, f.
102111(. 10213ir>
Fri.
following statement, made up from returns collected
market rates at the by us, indicates the week’s receipts and shipments of cur¬
previous three weeks rency and gold by the New York banks. ,
f
Interest at
4 4%
10
110 4
1 ‘29%
64%
78
Thurs.
;
1
102o18
102»ic
80-97 A 81
Wed.
follows:
Ike.
Bates
•_
........
80-95
New York City
Week ending January
<
4 1%
1 02
log
Tncs.
©toramjevciad atxfi miscellaneous Hetos
end of
99 5-10
100
101 %
as
*
5 p. c.
4 p. c.
Bank rate
have been
1884.
23,922.100 24,275,105 24,593,229 24.734.050
2,509,821
8,112,102
5,522,085
3.955,893
22.689,550 22,313,521 23,241.571 21,910,251
14,010.785 13,132,151 11,558,049 13,102,019
19,255.( 87 20,326 252 21,446,974 23,150.172
12.758,056! 10,031,883 11,020,COS 11,518,024
19.159.98S 20,302 543 20,502,674
44 02 p. c.
33% p. t.
4014 P- c. 43 1-lOp.c.
Public deposits
Reserve to liabilities
1885.
1
2 [on.
Sat.
Lon <1 on.
...
.
1886.
6.
Silver, per oz
d.
Consols for money
Consols for account.
Fr’cli rentes (in Paris) fr.
U. 8. 4%s of 1891
U. 8. 4s of 15M»7
Canadian Pacific
Chic. Mil. «fc St. Paul....
Erie common stock
Illinois Central
Pennsylvania
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
•compared with the last three years :
The
183.7.
daily closing .quotations for securities, <Scc., at London,
reported by cable as follows for the week ending Janu¬
The
2 y,
2A
3*4®3-q 3*4@s;q
llarneiM—
7 to 14
Banks. Call.
Mo)>tlis\Mnn1Ls
3*4@4
3R®4
3^(54
3 >4 3.4
At
Stud;
Sin
$1,135,000
changes in the bank holdings
and gold caused by this movement to and
the interior.
In addition to that movement the banks
The above shows the actual
gained $4,706,000 through the operations of the SubTreasury. Adding this item to the above, we have the
following, which shtuld indicate the total gain to the New
have
•
January 7,
York
week
THE
1S88.J
CHRONICLE
Clearing House banks of gold and currency for the
covered by the bank statement to be issued to-day.
Bank3.\| Bank^haHoldings.
tn
Week ending January G, 1888.
Into Banks.
Banks’ Interior Movement, as above
*1,042,000
9,700,000
5,000,000
n i.(U2,ooo
*5,807,000
Sub-Treasury operations
Total gold and learal tenders
...
Out of
jGain..*1,135,000
*807,000
(Gain.. 4,700,000
Gain..§5,835,000
The Bank of
England gained £245,000 bullion dur¬
ing the week, made up by a receipt of £123,000 from the
interior of Great Britain and £122,000 net from abroad.
The Bank of France reports a loss of 14,450,000 francs
gold and of 7,350,000 francs silver, and the Bank of
Germany, since the last statement, shows a decrease of
13,840,000 marks. The following indicates the amount
of bullion in the principal European banks this week and
at the corresponding date last year.
January 3, 1888.
January 6, 1887.
Banks of
Gold.
]. Silver.
£
England
France
Germany *
...
Aust.-Hung’y
Netherlands..
Total.
£
Gold.
£
£
^.104,156
20,164.150
44,033,679 47,477,477
19,791,200 17,550,740
7.09S.000 14,516,000
4,051,000 8,205,000
91,511,156
37.342,000
21,614,000
12,256.000
3,940,000
8,101,000
Nat.Belgium*
2,627,000
6,983,000
National Italy
1,313,000
1,118,000
Silver.
lota’.
£
£
19,307,231
49,100.160 45.532,509
18,260,090 16,192,910
6,684,000 13,371,000
5,548,000 8,104,000
2,721,000 1,361,000
7,446.000
914,000
19,307,231
94,632,675
34,453,000
20,555,000
13,652,000
4,082.000
8,360,000
Tot.this week 104,748,09) 90,180 217 1 >’4.923,312 109.066,437 85,9 75,4 1 9! 195,041,900
Tot.prev.w’k. 105.734,246 90.816,816 196,551,062 10->,5S6,307 85,763,747! 194.350,554
*
The division (between gold and silver) given in our table of coin aud
bullion in the Bank of Germany and the Bank of Belgium is made from
the best estimate we are able to obtain; in neither case is it claimed to be
accurate, as tinise banks make no distiuciion in their weekly reporis,
merely reporting the total gold and silver; but we believe the division
we make is a close approximation.
Note.—We receive the above results weekly by cable, and whi’o
not all of the date given at the head of the column, they are Uo
returns issued nearest to that date—that is, the latest reported figures.
The
Assay Office paid $137,179 through the SabTreasury duriDg the week for domestic and nothing
for foreign bullion, and the Assistant Treasurer received
the following from the Custom House.
Consisting of—
Dale.
Gold.
“
Jan.
“
$197,719 51
114,824 57
31.
$3 000
77. S.
Gold
Silver Cer¬
Notes.
Certified.
tificates.
$24 000
$130,000
$32,000
15,000
79,000
17,000
4,000
2.
Iloli
3.
562,120 65
8,0u0
“
4.
“
5.
1,004,216 IS
957,304 86
Total..
$2,836 221 80
$27,500
day
480,000
40,000
7,000
33,00)
95,000
83 3,000
62,000
5,500
105,000
782,000
64,000
$272,000 $2,315,000
$215,000
Included in the above payments were
$11,500 in silver
coin, chiefly standard dollars.
Government Revenue
in
Legal Tenders
and
National Bank Notes to
January 1.—The Comptroller of the Currency has furnished
us the following,
showing the amounts of national bank notes
December 1, together with the amounts outstanding January
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
notes up to January 1:
National Bank Notes—
Amount outstanding December 1, 1887....
Amount issued during December
Amount retired during December
Amount
$200,010,141'
$2 030.863
3,520,710
outstanding January 1,1888*
1,480,007
$203,168,234
Legal Tender Notes—
on deposit to redeem national bank
Amount
notes December l, 1887
Amount deposited during December
Amount re-issued & b’nk notes retir’d in Dec.
$101,735,322
$1,507,852
3,390,00 1
Amount on deposit to redeem national bank
notes January 1, 1383
3.82019—Tihne*
1.177,188
$102.962,510
‘Circulation of national gold banks, not included above, $230,01 4.
According to the above, the amount of legal tenders on.
deposit January 1 with the Treasurer of the United States to
redeem national bank notes was $102,962,510. The portion of
this deposit made (1) by banks becoming insolvent, (2) bybanks going into voluntary liquidation, and (3) by hanks re¬
ducing or retiring their circulation, was as follows on tiie first
of each of the last five months:
Deposits bg—
Sept. 1.
Liquid’g bks.
Red’c’g uudr
Oct. 1.
Nov. 1.
$
$
938,902
7,792,493
$
790,536
829.786
8,059,788
7,913,748
Tnsolv't bks.
Dec.
Jan. 1.
1.
$
$
851/32
7,4 L3,0bC
879,049
7,530,390
act of ’74.*
95,217,191 93,977,287 93,834,812
93.309,883 94,008,392
Total
104067515 102720821 102586207
101785322 102962510
*
Act of June 20, 1874, aud
July 12, 1882.
Coinage by United States Mints.—The
following state¬
by the Director of the Mint, showsthe coinage at the Mints of the United States during the month
of December and for the year 1887 :
ment, kindly furnished
us
December.
Pieces.
Value.
Pieces.
j
$
8 '0,68a
O.OGO
0,200
7,945
15,50 .
7,94’.
260,307
2,453,040
3,080,873 23.972,3S3
2,785,200
5,*. 00
10,200
3 083,048
2,785.200
2,600
2,550
368,305
33,011,710 33,611.710
5,7 k
2,8 55
10,710
2,978
15.738,339 1,573.839
5,883,618
3,098,655
49,360,519 35.191,082
2,709,900
135,495
5,900
7,529,9 j0
15,203,652
7,90 l
763,183
177
75,299
45.226,483
452,204
Dollars
gold
Dimes
Total silver
Five cents
Three cents
One cent
*
2*3,121
980,100
470.175
18.180
Quarter eagles
Quarter dollars
|
961,140
98,010
94,035
Half eagles
Three dollars
Standard dollars....
Half dollar;<
1
Value.
48,057
eagles
Eagles
Total
Tear 18.37.
1
Denomination.
Double
Duties.
Dee,30.
Changes
25
1,912.087
6,169
0,-82
8,543
5,002,420*
*.706,800
9,569.435
13,480
15,705
8,5l3
239
and Expenditures.—Through the
Total minor
210.971
10,245,700
60,498.090 1,215.686
courtesy of the Secretary of the Treasury, we are enabled
Total coinage
10,389,053
5,762,606 112,951,488 0),379,151
to place before our readers to-day the details of Government
Bonds Held by National Banks.—The following interest¬
receipts and disbursements for the month of December.
From previous returns wTe obtain the figures for previous ing statement, furnished by the Comptroller of the Currency,
months, and in that manner complete the statement since the shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
beginning of the fiscal year for 1887-88 and 1886-87.
depositaries on Jan. 1. We gave the statement for Dec. 1
1887.
1886.
in Chronicle of Dec. 3, page 727, and by referring to that*
Receipts.
the changes made during the month can be seen.
Cus000s Omitted.
lnter'l Misc'ls Total.
Cuslnter'l Misc'ls
lotal.
toms.
$
18,215
22,687
20,799
19,596
July
August
September
October
Rev'tie Sourc's
*
2,832
»
30,815
17,899
9,480
10,850
10,442
2,081
35,618
21,193
2,619
33,860
20,086
33,839
16,758
29,lk8 .15,087
29,060' 16,332
9,990
9,460
9,479
9,581
*
10,829
3,414
9,881
3,505
15,420
10,602
3.038
Total 6 months. 112,459
62,372
Ordi-
Pen-
Int.&
sions.
Prems
14,756
11.443
*
8,933
August
Septe i.ber
>
10,948
16,500
1,269
O tober
)
November..,
December
Total 6 months.
8
107,355
1
nary.
*
July
$
17,489 192,320
1887.
Disbursements.
000s omitted.
Rev'ue Sourc's
9,768
15.742
November
December
toms.
{
Total,
*
j1
|
35,137
Inter-
sions.
est.
8
8
10,871
19,535
11,3-5
7,775
3,276
12,042
524
9.572
18,288
28.378
2.5«0
12.9->0
11,678
12,730
12,517
19
*25,317 142,017
80,21.3
37,140
48.584
29,637
33,622
31,687
29,538
28,086
28,623
2,177
77. S. Bonds Held Jan. 1,18S8, to Secure—
Description of Bonds.
S
8,680
1,59.
2,922
6,895
1,403
3,577
Total.
3s, Act July 12, 1882....
Currency 6s
§
28,909
20,583
19,461
25.658
18.4^4
25,145 142,498
Deposits
Bank
Circulation.
Total Held.
13.2^8,500
35,293,500
$L31,500
3,250,000
68,955,05 )
112,102,100
82,183,550*
117,400,900
$49,533,000
$184,444,950
$233,977,950
$470,000
530,000
4*3 per cents
4 per cents
*
National Banks.—The
cent]y been organized
29,403
Public
in Banks.
Total
Pen-
518
68.086
2,747
$
16,304 181,193
nary.
12,047
10,3811
3,301
3,418
Ordi-
2,321'
j
2,141
9,544
57,534
22,429
30,805
*
2,258
2,439
1886.
9,813
28,717j
$
$001,500
3,792.000
following national banks have
re
:
3,S27—The Presque Tslc National
Bank, Maine.
Capital, $50,000 •
Charles P. Allen, President; A. II. Jcnks, Cashier.
California National Bank of San Diego, Cal. Capital, 150,000.
William Collier, President; John W. Collins, Cashier.
First National Bank of Homestead, Pa.
Capital, $50,OOO.
William II. Watt, President; Louis Rott,Cashier.
First National Bank of Marietta, Ga.
Capital,
R. W. Boone,, President; C. 8. McCandlish, Cashier.
$50,000.
First National Bank of Latrobe, Pa.
Capital, $50,000.
Head, President; Joseph <\ Head, Cashier.
W. 8.
CHRONICLE.
THE
26
3,832—The First National Bank of Somerset, Ky. Capital, $100,000.
J. M. Richardson, President; Robt. Gibson, Cashier.
The national banking association known as “The National Bank of
Western Arkansas, at Fort Smith,” and located in the city of Fort Smith,
Arkansas, has changed its title to “The First National Bank of Fort
Smith.” Certificate authorizing change dated December 24, 1887.
Imports and Exports for the
New York City Banks.—The following statement aii wsthe
condition of the Associated Banks of New York City foi the
veek
ending December 31, 1887:
Average Amount of—
Banks.
Loans and
Discounts.
Week.—The imports of las4;
of the preceding week, show
in both dry goods and general merchandise.
an increase
The total imports were $8,775,222, against $7,475,838 the pre¬
ceding week and $8,051,608 two weeks previous. The exports
for the week ended January 3 amounted to $6,025,868,
against $6,025,001 last week and $5,062,876 two weeks previ¬
ous.
The following are the imports at New York for the
week ending (for dry goods) December 29 and for the week
ending (for general merchandise) December 30; also, totals
[VOL. AcVI.
week, compared with those
for the year:
NEW YORK.
FOREIGN IMPORTS AT
1884.
Week.
For
$1,933,714]
Dry Goods
Gen’l mcr’dise..
5,552,493]
|
1886.
1885.
[
$2,(518,281!
$2,349,325
6,915,936;
6,615,734
1887.
$2,404,869
6,370,353
$7,486,2071 $9,534,217j , $8,965,059, $8,775,222
$111,239,632 $100,542,360 $115,456,205 $121,743 445
Total
Since Jan. 1.
Dry Goods
313,676,611; 288,588,232 318,838,968 343,614 956
Gen’l mer’dise..
$424,916,243 $389,130,592 $434,295,173 $465,358,401
Total 52 weeks
Manhattan Co
Merchants’
7,566.200
8,251,000
10,717,900
3.095.000
8.922,500
2,514,100
Mechanics’
America.
Phenix
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National.
Butchers' & Drov.
Mechanics’ & Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Commerce
In
our
report of the dry goods trade will be found the im"
week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
ending January 3, 1888, and from January 1, 1887, to
week
date :
j
For the week
Prev.
1880.
1885.
1884.
$7,141,137
$6,306,721
$0,393,757
1887.
$6,025,868
reported..' 330,514,000 321,550,522; 313,844,041 304,974,297
Total 52 weeks.
$330,907,703 $327,857,243 $320,985,778 $311,000,105
The following table shows the exports and imports of sjiecie
the port of New York for the week ending Dec. 31, and
since January 1, 1887, and for the corresponding periods in
1880 and 1885“:
at
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Imports.
Gold.
Since Jan. 1.
Week.
$
Great Britain
..
Week.
*
$149,871
..
Sitice Jan. 1,
$; >,*> 18,667
8,467,457
36,(549
9(58,101
France
Germany
2,680,190
19,000
West Indies
Mexico
South America.
All other countries..
5*00*0
1,000
107,907
1,054
2,498,648
645,112
7.490
6.655
$6,979,071
37,605,474
8,543,022
$25,000
Total 1887
Total 1880
Total 1885
500
44,740
25,732
17,471
268,161
624,655
$123,10(5 $38,451,549
5,215,037
805,728
3(5,599,542
15,917,008
Imj)ort8.
Exports.
Silver.
Week.
5,832!412
Week.
since Jan. 1.
Since Jan.Y
$381,722 $10,(589,203
5,100
91(5,173
2(57,1(57
1,800
283,488
5,400
21,358
Germany
West Indies
Mexico
8outh America
All other countries...
Total 1887
Total 188(5
Total 1885
$344
$303,924
120,000
122,216
182,539
573,700
75,507
-
1,17(5
1,009
Of the above imports for the week in
American gold coin and $1,707 American
exports during the same time,
North America.
$
Dec. 31
Jan.
2
818,027*
3
“
”*1*052,122 *
4
5
(5
2,813.099
“
1,743,305
2,305,403
j
i
8.731,956;
Auction
auction by
90
30
20
30
20
6
500
Coi„.
.
,
..
139.200
639.500
125.100
219.300
2.231.700
5.810,400
7.346.900
1,204,500
1.822,300
2.546.700
7.926.600
4.600.100
1.848.200
373.200
1.719 900
1.921.200
3,080.000
6.168.100
4.307.800
2.079,600
18,567,300
18,084,900
Park
North River
East River
Fourth National..
Central National.,
-econd National..
Ninth National
First National
Third National....
N. Y. Nat. Exch...
County
Qennan-Americ’n.
Chase National....
145 kj
.
Flatbush Plank Road Co.
75
Hastings A Dakota RR.
39
Co., PTef
2 Bank of New York
222 42
1,273,500,
992,500!
150.200
139.4001
56,800
155.400
993.000
701.000
1.289.200
44
L. T’nders.
9
9
Dec.17 138,303,000
137,880,000
81*66*6
180,000
45,000
2.430.400
453.800
6,630.000
171,000
3,276.7 00
3.114.900
524.V-00
307.900
27.300
29
202,500
1.102.900
225,000
2.763.100
2.6 ,7.>00
4,600
168.800
78,000
912.000
180,000
67*566
2.69-*,500
3.855.900
45,000
45,000
3.112.100
2.780.900
1.587.900
45,000
127,400
4.292.100
2.132.200
2.594.900
2.030.000
7.0.M>,000
41,500
180,000
45,000
359,359,800. 8.077,300
totals of the Boston banks:
Deposits.* Circula’n. Agg.Clbaga
t
$
S
$
7.969.900
3,363,100 104,346,500
3,506,200 101.7(>i,500
8,039.600
3.65U.300 103.351,800
8.433.900
31 137,500,000 I
37,600
liquidation; no report.
Specie.
Loans.
986*90*6
45,000
415,000
45.000
86.300
Boston Banks.—Following are the
1887.
45,606
39,000
297.000
186.300
366.100
1,394,100
444*6o6
5.454.600
419.400
312.000
8,093.000
420^200
334,600
92,80.'
405,000
45,100
3.814.000
18.078.800
4.841.400
659.700
45,000
40,700
7,550.000
042,300
1.853.500
Fulton National Bank in
42,200
45,000
929.000
327,000
1,351.600
285.800
13 >.500
158.900
222.700
2*3 000
542.100
2,157,300
45,000
900,000
3,251.000
5,142,800
4.839.600
2.086,4 00
19.775.300
22,046.100
1.882.400
1,083,600
1,575.300! 17,213,800
1.884.800
1,008,000
1.6 0.700
3.961.200
4*1,700
1.452.700
663.100
147,800
1 ■'8,^00
9 -6.800
2,369,000
2.441.200
3,8 >2,400
2.551.200
2.305.500
1.442.700
3,641,9t0
7.309.800
7.118.800
7,042,700
87,196,562
7.(.423,122
60,287,191
Philadelphia Banks.—The totals have been as follows:
Deposits.*
Circula’n
9
9
21,499, !00
21,182,200
83.391.000
$
2.312 750
2.312 230
Lawful
Mon’y
1887.
Loans.
$
86.053,200
S6.620.700
86,210,800
22,128.700
83.550,200
2(5,227
2.157,245
2,028,235
*Ino
2
u
82,552.700
2.311,250
Agg.Cl’ngs
$
62,697,195
61,405,963
49,565,210
Must tlieitem “due t<‘ or,her bank* *
1887, $l(H,060 were
silver coin. Of the
Banking anti ifinancial.
1IAKVGV
FISK
&
BANKERS,
SONS,
*
28 NASSAU STREET, NEW
$
*
Currency.
YOKE.
.
!
$
ACCOUNTS
of
BANKS, BANKERS, CORPORATIONS,
subject to demand draft. Interest
and individuals received
Merchants
allowed on
balances.
.
15,254,298; 9,561,283
*14,06*7,498 j * 9,360,193
9,190,724
9,559,174
department is. steadily increasing. Many lmving
investment find it a convenience to let them lie with us
drawing interest while deciding upon what seciu-itics to buy.
Our business in this
funds awaiting
9,595,751
WM. EDWARD
WALTER STANTON
COFFIN.
COFFIN
sold this week at
Mt ssrs. Adrian Id. Muller & Son :
Flatbush Gas Light Co..
91
10043
Knickerbocker Ice Co
340.100.
218.200
3.861.700
4,869.400
356,540,000 71,139,300 27.259,800
Total
24
Coin Cert’s.,
following were
Brooklyn Bank
694.200
6.179,400!
3,329.100!
Fifth Avenue
German Exch’nge.
Germania
United States
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.
*
280,000
595,600.
640.000
2.630.200
535.500
44,400
2.585.700
71.500,
297,000,
141,300
526,000
4.978.700
20,349.400 3.119,900
4.692.500 1,0b 1,100
152.600
1.342.400!
5? 1,100
2.463,*00|
435.700
2.098,500!
Bowery
N. Y.
1,165,600
3,066.000
**2*600
1.070,100
2.563.500
1.436.500
105.900
348.700
7.487,000
202.500
825.500
3.293.700
357.400,
681.400, 12.375.300
253.000, 2.922,(00
3,13f .100
170.800
2,755.300
210.100
4.213.600
271,000,
2,639,60U
579.500
751.500
2,046.900
l.i 06,400
15,611.700
1
2,254,000
1,003 000
1,136 600
834.400
428.600
456.200
2,612,000
12,0-4.000
2,763,000
4.132.100
3,076,600
14.958,000
12,005.900
379,GOO
5.643.600
493.200
7,370.000
2.802.700
279.400
482,10i)| 7.936.200
4.873.600
419.;-00,
544,900
87,300
522,600
3.941.900
70,400
325.000
378.500
17,594.000
St. Nicholas
Shoe & Leather...
Corn Exchange...
Continental
Oriental
“
i
11,305.930!
Sharev.
Nat. City Bk., Brooklyn.. 347
Mechanics’ Bk., Br’klyn 230
1,069,600
2.395.600
3.795.600
Jan.
2,120,437,131,897,451. 14,502,802,
1,541,695 131,9(58,457) 14,564,966
1,587,303 131,929,347 j 15,285,000
Sales —The
21.530,600
477.200
110.G00
2,6(3,600
$2,127,534
1
Total.
•
Balances.
$
1
$
3,710,375 131.736,73Si
j..Holiday
2,406,126 131,770,625!
.
“
“
i’aymcnts.
1,029.300
1.758.800
1,946.000
Nassau
Market & Fulton.
following table shows
this city, as
of the past
i
1
*00*6*00
433.700
} 6.(60 000 3,887,000
..
the receipts and payments at the Sub-Treasury in
well as the balances in the same, for each day
week :
Receipts.
96,500
1,618.400
493,400
5.269.500
Citizens’
coin.
Date.
260,000
8.419.400
2,251,300
607,000
3.5 41.900
Irving
$25,000 were American gold
United States Sub-Trensnry.—The
45,000
0,979,000
10,488.800
3,078,000
2.671,700
432.400
486.300
114.400
362,000
Peoples’
$124,179
14,251
45,000
9,260,000
10,691.000
6.708.400
726,000
755.000
438.500
176 000
803 000
677.100
Republic
17
$394,022 $12,520,029
115.27(5 10,044,037
443,218 16,000,060
938,000
0.862,900
Chatham
Dec.
1,(550
1,484.000
1.197.500
1.224,000
3.332.900
Mercantile
Pacific
228,496
641,152
70,473
272,167
800.000
19.058,000
Broadway
“
Great Britain
France
tion.
$
1,460.000
3.234.800
1.359.900
Importers’ & Trad.
EXPORTS FROM NEW YORK.
Circular
w
Hanover
ports of dry goods for one
other
than U.S.
$
$
10,340.000
10,452,000
New York
Net Deposits
Leaal
lenders.
Specie.
&
STANTON,
BANKERS,
Slaves.
Union Ferry Co
162
36 Second Ave. RR. Co
110
61 North River Fire Ins. Co. 100
1
11
Bonds.
WALL
STREET,
NEW
YORK,
NEGOTIATE
$34,000 Montgom. & Florida
RR. Co., 1st, 6s, Gold
$5,000 42d St. Manhat. & St.
.
10
State,
Municipal, Railroad, Water and Gas Bondi.
Nicholas Ave. RR., 1st,
6s, 1910
10742 & int
MONEY ADVANCED ON
MARKETABLE SECURITIES.
UARY
THE
7, 18S8.J
Exchange.—Sterling exchange has been n ore a ,4ive the past
week, the demand having been somewhat brisk on account of
interest and dividend remittances.
Rates have consequently
The iBauhcrs’ (gazette.
DIVIDE N D S.
The following dividends
strong all the week, especially the 60-day rate, which
lc. by some drawers but only ^c. by others.
Posted rates to-day are 4 84 and 4 87.
Commercial bills have
been in limited supply, and this fact has somewhat assisted
the advancing tendency of rates.
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 83£@4 83f; demand, 4 86£@4 86£.
Cables, 4 86£®4 87.
Commercial bills were 4 82@4 82£;
Continental bills were: Francs, 5 23|®5 24| and 5 21£®
5 21£; reichmarks, 94£@95 and 95|@95 7-16; guilders, 40®
40£ and 40£®40£.
The following were the rates of domestic exchange on Xew
York at the under-mentioned cities to-day: Savannah, buying
ruled
have recently been announced :
was
Name of
Per
Cent.
Company.
Railroads.
Atch. Tcp. <fe Santa Fe
Boston & Albany
Canadlau Paciiio
(quar.)
(quar.)
13*
0
1*2
Dubuque & Sioux Tity
Georgia RR. & Bankii g.. (quar.).
Iron
Little Schuylkill
Mine Hill & Schuylkill Haven
N. Y. Cent. & Hud. River.(quar.).
Panama Railroad
Paterson
Hudson
Paterson & Ramapo
St. Louis Vaudalia & Te - re llaute
Banks.
Saint Nicholas National
United States National. ..(quar.).
Insurance.
1
2ki
2k>
319
...
Citizens’
Empire City
Peoples’
Rutgers
WALL STREET,
11 to Jan
22
14 to Feb.
1 to
2 to Jau.
17
2
3 5
31
15
10
13
Jan.
Jan.
Jau.
Jan.
16; Jan.
—
11
4 to Jan. 12
4 to Jan. 16
1 to
5 to Jan. 16
3
2
Jan.
Jan.
3
3 Dec. 28 to Jan.
3^
3*2
Jan.
Jau.
Jan.
J an.
Jan.
Jan.
Jan.
4
3
9
4
4
5
The Money
15 Jan.
3
6
5
United States
Feb.
Jan.
Feb.
Dec.
Jan.
Jan.
Jan.
Jan.
Books Closed,
(Day8 inclusive.)
3 6 Jan.
Jan.
16 Jan.
Jan.
4
Jan.
.Trm.
4
Febm’rv
1
3
5
5
Firemens’
Globe
When
Payable.
27
f'HRONlCLK
2
4
4
16
9
advanced
£ discount; selling £
opens with a very dull market at the Stock Exchange, but
without any cloud on the financial horizon except the Heading
strike.
$1 25@$1 50
Chicago, 25c.
premium.
The rates of
FRIDAY, Jan. 0, 1SSS-5 l\ M.
Market and Financial Situation.—The year
discount@par; Charleston, buying 3-16
discount; selling par; Xew Orleans, commercial,
discount; bank, par; St. Louis, 90c. premium;
leading bankers are as follows:
Demand.
Sixty Days.
January 6.
4 87
4 84
Prime bankers’ sterling bills on London..
4 8 rki #4 82^
Prime commercial...
4 H4i34 82
Documentarv commercial
5 234i3 5 VS1* 5 2114 35 20^
Paris (francs)
.4014 ^40^)0
401 ^$3 4018
Amsterdam (guilders)
953s 395*9
3 95
95
Frankfort or Bremen (reichmarks)
gentleman who has been on the markets for over thirty
Coins.—The following are quotations ingold for various coins:
963*
Fine silver bars..
963*®
years, and a close observer of their various phases, predicts now Sovereigns
$4 83 @$4 86
95
Five francs
93 3
Napoleons
3
84
@3
89
a more active movement in stocks.
He bases this opinion on
76*4
Mexican dollars..
75^3
X X Reichmarks.. 4 74
® 4 80
Do uncoinmere’l — 75
3
3 96 '(i> 4 OO
the circumstance that speculations have recently culminated in X Guilders.
75
Peruvian sols
74 3
Span’ll I)oul)loon8.15 55 315 70
several kinds of merchandise with large profits to those en¬ Mex. D.iubloons.-lS 55 315 65 English silver.... 4 77 3 4 85
Fine utihl bars....
par ©hjprem. U. 8. trade dollars*— 74 3
gaged'in them. Since the summer months, wheat, corn, cot¬
Now demonetized.
ton, petroleum and metals have absorbed much attention and
United States Bonds.—Government bonds have been dull
yielded handsome profits on the bull side until there is no and
featureless during the past week, and prices, though
longer much inducement to operate in them. Stocks in the slightly weak, have not changed to any great extent.
meantime have been very dull and prices generally depressed,
The closing prices at the X. Y. Board have been as follows:
while the railroad earnings have been large beyond precedent.
Jan.
Jan.
Jan. j Jan.
Jan.
Interest Dec.
Hence, he argues, there is every reason to suppose that the at¬
6.
5.
3
1 4
2.
31.
Periods
| *.
tention of speculative capital will soon be turned towards
*107 ^2 *107 *4 *107^ *107\
..reg Q.-Mar.
stocks.
Whatever the result may be, this argument seems to
*107^ *107M 10734 *10744
.coup. Q.-Mar.
*125^8 1253* *1251a 126
..reg. Q,-Jan.
a
be worthy of some consideration as the opinion of a veteran
*1254i
2512 *1?512 126
.coup. Q.-Jnn.
A
—
—
—
—
—
—
—
*
0
*
O
on
the markets.
presented nothing of particular interest; no
Important defaults on railroad bonds occurred the first of
January, and the Reading and Jersey Central properties were
returned to their owners—their respective receivers being dis¬
charged by previous order of the Court.
The highest price paid for a X. Y. Stock Exchange seat in
1887 was $30,000, and to-day the Chronicle reports member¬
ships of the various Exchanges as follows: X. Y. Stock Ex¬
change, $18,000; X. Y. Consolidated Stock and Petroleum,
$1,000; X. Y. Produce, $1,700; X. Y. Cotton, $1,400; N. Y.
Coffee, $000; Real Estate Exchange and Auction Room, $1,065;
Boston Stock, $15,000; Philadelphia Stock,"$3,500.
The open market rates for call loans during tne week on
stock and bond collaterals have ranged from 3 to 6 per cent,
and to-day the rates were 4@5 per cent.
Prime commercial
paper is quoted at
percent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £245,000, and the percentage of reserve to
liabilities was 38‘09, against 43’ll last week; the discount
rate remains unchanged at 4 per cent. The Bank of France lost
14,450.000 francs in gold and 7,350,000 francs in silver.
The Xew York Clearing House banks in their statement of
Dec. 31 showed a decrease in surplus reserve of $477,250,
the total surplus being $8,559,150, against $9,036,400 the pre¬
The week has
..reg. J.
6s, cur’cy,’96.. -.reg. J.
6s, enr’ey,’97.. -.reg. J.
6s, cur’cy,’98.. ..reg. J.
..reg. J.
*
This is the price
&
&
&
<fe
&
J
J.
J.
J.
J
go
P*
P
*119
*121
*123
*125
*127
bid at the morning board; no
i*119
*121
1-123
!*125
1*12 7
‘119
*121
*123
*125
*127
*119
*121
*123
*125
*127
sale was made.
Ronds.—State bonds have not been
specially active, and there is nothing new to report in regard
to this market.
As usual of late, the business has ’been
divided among a number of classes, each of which has had
State,
and Railroad
moderate transactions.
The demand for railroad bonds is
reported to be good, and
relatively, than stocks. This has
not been a speculative activity and not confined to the lowpriced bonds, but it has the appearance of b< ing a healthy
inquiry for investments. There has been no special movement
in any particular class, the business having been well distrib¬
they have been more active,
uted
over
been
advance.
has
Prices have ruled strong and the tendency
upward, though without any sharp or important
the list.
Railroad and Miscellaneous Slocks.—The
business in the
again it
principally upon the news in regard to the Reading
strike.
Reports have been somewhat varying, and notwith¬
standing the softened statements that it is not likely to affect
the Reading Company seriously, the strike still continues and is
a
source of uncertainty in
the market. Business has been
largely confined to local traders, aud fluctuations have been
vious week.
The tone
governed almost entirely by their operations.
The following table shows the changes from the previous of prices lias been irregular, and although some -weakness
week and a comparison with the two preceding years in the lias been apparent in certain stocks, very little decline has
taken place.
Weakness has generally been followed by
averages of the Xew York Clearing House banks:
renewed strength, operators appearing eager to take the small
1886.
1886.,
1887.
Diffr’nc's fr’m
profits accruing from the declines by purchasing to cover late
Jan. 2.
Prcv. Week.
Dec. 31.
Dec. 31.
in the day.
Reading has naturally again been very prominent
in the speculation, and the other coalers have attracted some
$
$
$
$
Loans and disc’ts. 356.540,000 Inc .6,130,500 343.687.500 339,909.800
attention, especially Lackawanna, which has generally been
71,139.300 Inc. 806,500 .82,7(8,100 89,721,100
Specie
t*.979,800 quite strong, selling ex-dividend at the opening of Thursday.
7,911,500
10,700
8,077.300 Inc.
Circulation
There has been some bearish talk from Chicago, where rate359.359,800 Inc. 7,513,400 359, 68.600 376.959.300
Net deposits
27,259.800 Inc. 594,600 19,370,400 28.808,200 cutting has been persistently reported, affecting the grangers
Legal tenders
89,839.950 In e. 1,878.350 89,817,150 94.239.825
Legal reserve
slightly, though on the whole creating very little impression.
98,399,100 Tne.1,401,100 102,088,500 118.529.300
Reserve held
Outside of these facts there have been no prominent features
8,559,150 Dec. 477,250 12,271,350 24 289,475 and the week has been a decidedly quiet and unimportant one.
Surplus
stock market continues
turned
dull and uninteresting, and
CHRONICLE
THE
28
STOCKS—PRICES AT N. Y. STOCK EXCHANGE FOR WEEK
[Vol. xlvi-
ENDING JAW 6, AND SINCE JAN. 1, 1888.
Sales
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday.
Dec. 31.
Jan.
Jan.
2.
Active RR. Stocks.
Atlantic & Pacific
Canadian Pacific
Canada Southern.
Central of New Jersey
Central Pacilic
lstpref.
2d pref.
Chicago Burlington A Quincy.
Chicago Milwaukee & St.Paul.
l)o
Do
>
Chicago & Northwestern
Do
21%
118
*13
94%
*93%
97
*89
60%
*35
*93
40
*
5%
87%
18
89
89%
87%
*
6%
18
88
10
77
*76
Nashv.ChattanoogaASt. Louis
New York Central & Hudson.
New Y. Chic. A St. L., new
*16%
67 %
*
*75
107
17%
67%
28%
r*
*8%
New York Susq. A Western...
*29
16
ft
ft
Hi
H-I
Hi
Hi
o
o
22%
ft
ft
46
*24
%
Oregon
at Trans-Continental..
Peoria Decatur & Evansville.
21%
Philadelphia A Reading
64%
22%
22%
Riohm’d A WestP’ntTerminal
Do
prel
Rome Watertown A Ogdensb’g
Bt. Louis A San Francisco
Do
pref....
Do
1st prel
84%
★
*71%
*112%
62%
100%
Bt. Paul A Duluth
Do
pref
Bt.Paul Minneap. A Manitoba
Texas A Pacific, ass. paid
Union Pacific
111%
25
57%
16
Wab. St. L. A P.,P. Com. repts.
28%
pref.
44%
Wheeling A Lake Erie
*84
15
15%
45%
45
95
91
95%
62%'
62%
7534
103%
Oregon Improvement Co
Oregon Railway A Nav. Co...
*46
90
47
90
35%
Pacitio Mail
36
35
140% 140%
77% 77 %
Pullman Palace Car Co
Western Union Telegraph
Express Stocks.
*140
Adams
American
United States
145
106% 108
Wells, Fargo A Co
Inactive Stocks.
American Tel. A Cable Co
Central Iowa
Chicago A Alton
*78
104
7
*16
104% 104%
*6%
7%
16
16
18%
87%
18%
89%
934
76
77
88%
76
68
*31
23%
80
104
18
89
77
77%
43
46
46%
23%
23
21
2034
22%
64%
22%
22%
65%
22%
89%
35%
102
101
144
67
107
*75
78
135% 135%
•
8,046
9%
17
70%
32%
28%
38%
100;
700'
650
2,320
150
16%
65%
23%
22%
23%
19,266
55
55
84%
100
295
1,036
228!
23
72%
*2
*130
4
83%
*14%
8334
14%
6%
33,855
35
76
104% 106%
12
15%
*9
10%
35%
36
140% 140%
77% 78%
72%
6%
72%
5
140
76
4
6%
27
85
*70
85
*13%
14%
*14%
14%
33%
34
39
103% 103%
*10% 12
15
10%
36
33
3,80u
1,470
637:
7,562
100,
*20
*70
15
10
34
*34
110
900
152!
135
*10%
15%
1,200;
16
35
*75
*3
*130
76
77%
4
4
103% 103%
*10% 12
34n!
25%
58%
6
140
6%
36(1
123
403
613
102
72%
300;
101
101
1103s ho38
145
*140
*140
145
107
107% 106-% 107
69
69
68 % 69
131
131
*125
*126
6%
26
8934
35*%
141%
77% 78%
4
*20
35%
10%
35%
11%
37%
Jan.
13,655! 3(i % Jan.
9.%
28%
52%
76
277s Jan.
325!
*15%
27%
50%
9% J ail.
9,980]
23%
21%
22%
65%
573s
Jau.
87% Jan.
667h Jail.
31 % Jan.
47%
3,504!
24%
1,200!
21%
3,405!
905
22%
65s4 171,460
25%
Jan.
Jan.
Jan.
Jan.
175;
250;
47
47%
23%
21%
2234
*22%
Jan.
3,171 107 Jail.
410! Hi1!* Jan.
17%
3134
93
79
•
20 304
450!
5 0100! 3 6
810! 17%
43
140
77%
*37
29%
90%
50!
42%
75% 75%
104
101%
45 %
45 %
35%
72
88%
27%
28%
35%
35
72
*13
*10%
[
84%
35%
71%
85
6
140
*
16%
3()38
16%
43%
22%
72
pref..
90
16%
42%
*4
*135
Oregon Short Line
87%
29^
72
10258 103
*10% 12
St. Louis Alt. A Terre Haute..
Bt. Louis Ark. A Texas
South Carolina...
Wliitebreast Fuel Co
Columbus A Hocking Coal....
Tennessee Coal A Iron
Various Stocks, Ac. (Uni
Amer. Cotton Oil Trust
*8%
37%
17%
9%
30%
46i
15,965! 60% Jan.
7%
17%
83%
9%
16%
70%
32%
28%
68
33
28
30
129
135
9,710
91
107% 10734
107% 107%
*10% 17
834
67
130
Mexican Central
Monis A Essex
N.Y. Luck. A Western
Ohio Southern
3
3
5
4
80% Jau.
68
130
Marquette Hough. A Oil., pref.
6
3 5
707'
144
107
*5%
Jan.
45% Jail.
945s Jan.
87%
110% 14031
77
77%
*3
500!
800
86%
68
*126
Cincin. Ind. St. Louis A Chic.
Cincinnati Wash. A Baltimore.
Do
pref.
Houston A Texas Central....
6
79
75%
103% 104%
101
Philadelpnia Co., Nat. Gas
3
87
75%
3534
40% Jail.
4
8% Jan.
6 118% Jan.
Jan.
79
37%
72%
114%
62 %
100% *100% 102
*100% 103
111%
109% 110
25% 25%
25%
2434 25
57
57%
58%
57% 57%
16
16
15% 15% *15
28
28
28% 28%
28%
46
49%
48% 51
45%
36
5
02
1,110!
•
320
169
29,814!
16% Jan.
8% Jan.
29 0, Jan.
16 “ Jan.
4 258 Jail.
22% Jan.
4578 Jan.
23
Jan.
205k Jan.
22 4, Jan.
044.1 Jan.
22% Jan.
55
Jail.
84 % Jan.
355k Jail.
71% Jail.
113% Jan.
61% Jau:
100% Jan.
109% Jan.
24% Jan.
57
Jan.
15% Jan.
27% Jan.
44% Jan.
Jan.
Jan.
Jan.
45% Jan.
89% Jan.
35 % Jan.
101
Jan.
140
Jan.
Jan.
77
35
75
103
15% Jan.
45% Jan.
95% Jail.
91
Jail.
62% Jan.
95
Jail.
O' '.87% Jan.
5
79
Jau.
0 104% Jan.
7% Jan.
16
Jail.
18% Jan.
89% Jan.
95k Jan.
Jan.
O
4 107% Jan.
4; 17 Jail.
•i
70% Jan.
4
32 % Jail.
4
2.8% Jan.
4
1
4;
5
I)
4
i
38 % Jan.
17% Jan.
9% Jan.
31% Jan.
16% Jan.
43% Jail.
*>•>lo Jan.
47% Jan.
24% Jan.
21 % Jan.
i: 22% Jau.
4
65% Jan.
4
23% Jail.
55
Jail.
6
85
Jail.
6
(» ” 36% Jan.
4; 71% Jan.
Jan.
6 114
5
62% Jan.
Jan.
3 101
5 111 % Jan.
1
25% Jan.
4! 58% Jan.
4; 16 Jan.
0
28% Jan.
3 52% Jan.
5
4
.
4
3
3
36
Jail.
75% Jail.
106% Jan.
5| 45 % Jim.
5; 90
Jan.
36
(>
1 102
5 141
4!
Jail.
Jan.
4 144
3 108
4
69
4 130
100
Jan.
3; 72% Jan.
165 135%
223; 70
200
4
400
6%
88%
88%
27
29%
27%
27
28
29%
95%
29%
92%
97
*6
bid and asked; no sale was made at the Board,
29%
)•
9
S9
26%
28%
26%
*6
89
27
29
29%
27%
29%
29%
92%
31%
94%
31
32
92%
94%
9
Jan.
4 135% Jail.
Jail.
Jail.
0; 77% Jail.
51 4 Jail.
Jan.
5j
300135
Jan.
496 1025k Jail.
3 135
3 103
Jau.
% Jan.
lOo
15
Jan.
5j 15% Jail.
3,245
4,650
10
Jail.
5
12,850
23073,006
11% Jan.
33% Jan.
4: 37% Jail.
88 % Jan.
4
89
1
27% Jau.
29% Jan.
29% Jan.
90% Jan.
3
6
(5
5
6
G
(>
G
<;
6
6
6
5
3
3
5
6
5
3
5
6
(>
3
5
1
6
3
6
3
6
3
3
6
6
3
3
6
5
3
3
6% Jail.
4’ 83% Jan.
26% Jail.
1.700, 27% Jail.
r>
5
Jan.
Jail.
Jail.
100, 83% Jan.
700
605!
~>
6
Jail.
10 144
Jan.
235 106% .'Tan.
234 07
Jan.
15 129
Jan.
72
%
% Jail.
78% Jail.
15
8%
88%
27%;
<>
200,
8% .Tail.
634 11010 jan.
l,643j 41
84%
84%
36% I
*35% 36%
35% 35%
71% 71%
71%
7134 71 34
*112
114% 113% 114
114% *112
62
62
6L
63
61% 61%
85
3
87
18
6
6
1
4
3
r>
6
375: 21% Jail.
87%
17
6
6
4
6
4| 53% Jail.
10% Jail,
Jan.
22% Jail.
81
17
9
36
75
103
22%
88%
44% 44%
8%
8%
116% 116%
*13
14%
22%
6
(>
5
4
3
t
30
61
6
6
Jau.
Jan.
Jan.
4- 21%
5 130%
41 23
Jan.
Jan.
516
9l"Ja’1'1.
37%
23%
1,156
445:
17
miscellaneous Stocks.
Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal...
These are the prices
10
63
22% Jan.
53 % Jail.
40
36%
65 34
300
100
J;m
Jan.
95
16 34
42%
22%
45%
23%
20%
22%
64%
22%
03
95
37%
16
1,010
64,780 1
*35
16%
8 34
43%
22%
40'%
24%
21%
2 2 34
«>
Jan.
Jan.
Jan.
Jan.
Jan.
Jail.
Jan.
Jan.
Jan.
94
36%
*29
*16
6 129% Jan.
4i 76% Jan.
4 114% Jan.
4 108% Jan.
Jan.
0 141
6 112% Jan.
4 14% Jan.
0
38% Jan.
1' 39% Jan.
4 105% Jau.
32
5
*86
15%
45%
95%
17
30
42%
Ohio A Mississippi
Pipe Line Certificates
10
*60
117
15
37%
9%
2,132 1271*’ Jan.
55% Jan.
310
23
*
37
17
O
Jan.
91
62
40
1073b
16% 16%
66% 67
31% 32
27% 28%
34
28
”
23
45%
8%
9434
73i Jan.
445
54
24
129% 130
62
22
83
15%
Jail.
61
4,700: 75
128
*51
24
54
*45
1
3
Jan.
Jail.
10% Jan.
62% Jail.
56% Jau.
76% Jan.
32% Jan.
10% Jan.
91
61
*35
94
103%
6%
*9
xl07% 107%
Do
lstpref.
Do
2d pref.
New York Lake Erie A West’n
Do
pref.
New York & New England...
New York Ontario A West....
Do
112%
13%
38%
39%
44
*8
117
*13
96
*
103%
5%
17%
*9
Mobile A Ohio
Quicksilver Mining Co
140
62
22
40
*14%
pref.
pref.
10738
*51
15%
45%
94%
91%
61%
%
45%
94%
81
pref.
21%
*14
95
91
61%
21%
'
15%
45%
6 L
*35
61
46%
8%
8%
117% 117%
*13
14%
15
*89%
61
45
118%
*14%
45%
54
700
130
6,530
Highest.
Lowest.
76% 107,810 74 “
114%
1,296 1 i‘>io
108% 18,220! 106%
40 140
141
112%
2,027 ill %
14
fcOO i‘{
14%
38
400
33%
38
39% 39%
1,330 *{<)
1-5 105%
113
*86
89%
46%
46%
Missouri Kansas & Texas
Missouri Pacific
Do
21%
87%
pref.
127%
75%
113%
107%
140%
111%
75%
74%
24% 24%
24%
129% 130% xl23%l20%
22% 22 34
22% 22%
53% 53%
10
10% 10%
10%
ib%
*88
Memphis & Charleston
Michigan Central
‘Norfolk A Western
i.28%
128
74 %l
*51
23
55
10
*65
:...
pref.
32
*5
5%'
12834'
76%
*3%
734
113
129% 130
...
Do
129%
75%
-
Louisville & Nashville
Louis. New Alb. A Chicago...
Manhattan Elevated,consol..
Do
Northern Pacific
7
*5
128
74
6
32%
4 io
7
*3
734
56%
70%
32%
55%
76
Shares
10%
61%
56%
76%
32%
4%
734
5%
61
56
......
Range Since Jan. 1, 1888
Week,
6.
*10%
10%
*10%
......
...
Do
pref.
East Tennessee Va. & Ga. R’y.
Do
lstpref.
Do
2d pref.
Evansville & Terre Haute....
Fort Worth A Denver City....
Green Bay Winona A St. Paul.
Illinois Central
Ind. Bloom. A West., ass.pd..
Kingston & Pembroke
Lake Erie A Western
do
Do
pref.
Lake Shore & Mich. Southern.
Do
55%
75%
4%j
*53
ClevelandOol. Cin. & Indi an ap.
Columbus Hocking V al. A Tol.
Delaware Lackawanna AWest
Denver & Rio G.,a8sessm’tpd
Do
10%
62%
56%
76%
10%
*62
Jan.
5.
Jail.
112% 112% 113
1065e 107% 106% 107%; 106%
141
*139
r139
140% *139
112% 112% 112
112%- 112%
14
I
13
1331
38%
*37% 39%'
39
39
39%
39% 39%
10534 10534
Chicago Rock Island APacific.
ChioagoSt. Louis & Pittsburg.
Do
pref.
Chicago St. Paul Min. A Om..
Do
pref.
Minneapolis & St. Louis
75%j
113
pref.
Mil. Lake Shore A West
Do
75
74%
pref-
Long Island
1038
62%
56%
Friday.
Thursday,
4.
1
Do
Jan.
3.
10%
62%
55%
*3
*7
*5
129
Chesapeake A Oiiio
Wednesday,
Tuesday,
Monday,
of the
32
97
Jan.
Jan.
Jan.
4
JANLAEY
BONDS-LATEST PRICES OF ACTIVE
-
29
CHRONICLE.
THE
7, 18£8-}
BONDS AT N. V. STOCK EXCHANGE, AND RANGE
SINCE JAN. 1, 1888.
-
V
Range since Jan. 1.
Closing.
Railroad Bonds.
Ail. A Pac.—W. D.
Guar., 4s, 1937
Central
<
113
1112
1). 113
b. 1
! 116
;
■Central Pacitic—gold 6a. If
San
97
| 08
i 1001*3
General more
b. 111*2 Jan.
b.
b.
08
Jan.
b.!H3*4
113
104
116
113*4 Jan.
101*2 Jan.
b. 113*20. 113*2 Jan.
102
1
Joaquin Br. Os, 1900.
102 *2a. 102
,r^ -I &11,
102
Jan.
103*8
103*8
Mcrr. 6s, 1936
O-ies. A O.—Pur. m.
\ 1 4
1027b Jan.
fund 6s, ’98
6a, gold, ser. B.1908, coup, oil
Exten. coup., 4s, 1986
69 b.
6 8 **3
22 CL.
91
b.
Jan.
Jan.
112*4 Jan.
6s, currency, 1918
Mort. 68,1911
Ches. O. ASo. W.—5-6s,
65*40.
68*4 Jan.
22*4
113*2 Jau.
111*6 Jan.
102
22
b.
102*2 Jan.
94
Ch.Mil.A St.P-
126*20. 123*40. 123*2
b. 111*4
b. Ill
101*2
101*2
b. 98*2 0. 100
114
104
102
lat, Chi. A Pac.W.Div
7s, 1915
Gold, 7s, 1902
1
09
130
b. 100
b. 120
b. 129
JSSgb.
127
139*2 Jan.
b. lOo i>.
b. 108*4
0.
b. 105
95
131
b.
134*8
10.-"gb. 10,*8
107
108
104
95
118*4
100
Ind.—Consol. 7s, 1914:
Col. H. Val. A Tol.—C
gold, 6s, 1904.
109
100
69
71
120
b. IOO
123
b. 107
101
, 1
b.
mm.m.cr.escv
m
113
Jan.
115*2 Jan.
1*24
112
101 *2
100
100
Jmi.
Jan.
129
Jan.
Jan.
108
jan.
10S*4 Jan.
Jan.
95
Jan.
131*2 Jan.
107*2 Jan.
120*8 Jan.
Jan.
107
123
b.
100
123
Jail.
Jan.
101
71
Jan.
Jan.
120
Jan.
70*2 Jau.
b. 120
77
", 3
b.
Assented.
b.
67 *1 Jan,
78*2
78*2 Jail.
05*4
96*20.
98
78*2 Jan.
34*2 Jan.
93*4 Jan.
Jan
97
a. 136
Jan.
b. Ill
Jan.
35
96
08
136
Ill
b. 137
110*20. Ill
a.
117
a. 117
9, *4
97*4
136
Erie- lat. consol, gold, 7s,
I?t. W. ADenv. C. -1st, Os, 1921
106
1931.
2d, 6s, 1931
'<3r’n B.W.ASt.P.—^dinc.8a,191I
30
121*20. 120
06*2<i. 00*£U.
Gold, 6s, 1923...
108
1).
Henderson Br.( o.—1st. 6s, 1931 10S*2>).
114*4
114
H. * Tex. C.—1st M. L. 7a
112 *4 b. 1 lu'*t;b.
........
18
Coupon, 6s, 1909
Long Island—1st, 7s, 1898
Lou. A Nasli.N. O. A Mob
65
110
00
72
01
10
Jan.
06*2
108*2
115*2
114*2
112*4
108*2
Jmi.
Jan.
Jan.
Jan
Jan.
Jan.
65
Jail.
65
a.
80*2 Jan.
a.
b.
b.
80*2
102
L25*2
b. 122*1*
109
jan.
75
60
Jan.
Jan.
75*2 Jau.
80*2
101*2
125*4
122*2
Jan.
89*2 Jail.
69
Jan.
Ji-11.
102
Jan.
Jau.
125 *2 Jan.
Jan.
Ill
121
Jan.
Jan.
grant, 7s, 1887-9
Sinking fund, 8s, 1893
Kan. Pacitic—1st, 6s, 1895
1st, 6s, 1896
Denver Div.—6s, 1899
1st consol, 6s, 1919
Oregon Sh. Line -1st, 6s, ’22..
Virginia Mid.—Gen. m., 5s, 1936
Wal). St.L. A Pac.- Gen., 6s, ’20
Chicago Divison—5s, 1910
Wabash—Mortgage, 7s, 1909..
Tol. A Wab—1st, ext.. 7s, ’90
1st, St. L. Div.. 7s, 1889
2d, extended, 7s, 1893
Con., eonv., 7s, 1907
Great West.—1st, 7s, 1888
2d, 7s, 1893
.
Land
10S*h Jan.
b.j
110*2b.! 100*4 Jau. J 110*2 Jau.
General, 6s, 1930
107 Sib. LOO
j 108 Jan. 109 Jail.
Trust Bonds, 6s, 1922
100 b. 100 b.
10-40, 6s, 1924
i
Lou. N. A. A Cli.—1st, 6s, 1910. 114 a. 113 a.I
01*2b.i 92
Jan.
91 b.
Jan. | 92
Consol., gold, 6s, 1916
102
b.
98*2bJ
116
j 115*2
'
1
■Metro. Elevated.—1st, 6s, 1908. j
j 116*4 Jail.
107*2a.' lOo-hb.l 105*4 Jan. ! 105*2 Jan.
127 b.
j 12 7 Jan. j1 127*2 Jail.
Mich. Central-
Wiss’ri Pac.— 1st, ecus., 6s,1
3d, 7s, 1906
Pac. of Mo.—1st, 6s, 1888.
10!)
Ill
119
b.
108
" '
110*20.1
Note—The letter “ b” indicates price
Jan.
1
bJ
119
b.i
102 :Vb. 1025sb.!
111
l
West Shore—Guar., 4s
bid, and “ a” price asked; all other prices and the range are
Bid.
Alabama—Class A 3 to 5
Class B, 5s
Class C, 4s,
107
1906
1006
1006
100
100
105
21
107
20
25
1900
6s, 10-20
Arkansas—6s, funded.. 1899-1000
7s, Little Rock A Fort Smith, iss.
22
15
7s, Memphis A Little Rock, iss..
78, Arkansas Ccntial KR
Georgia—7s, gold
Louisiana—7s,
Miphltrun—7s
cons
Bid. I Ask.
SECURITIES.
( Ask.
1890 104*2 105*2
1914
100
1890
106
92
Asylum or University, due 1892
Funding
1894-1895
New York—6s, loan
1892
6s, loan
1893
North Carolina—6s, old
JAJ
1900
Funding act.
New bouds, J. A J.... 1892-1898
Chatham RR
Special tax, Class 1
Consolidated 4s
6s
Jan.
104*4 Jan.
Jau.
109
Jan.
Jan.
128ia Jan.
Jan.
117ia Jan.
Jan.
10^7b Jan.
Jan.
Jan.
109
116
87
Jan.
Jan.
Jan.
92*8 Jan.
75ia Jan
1151*2 Jan. ill6*4Jan.
104
Jan.
991*3
311*3
751a
91 *4
31ia
75ia
94;Ub.
b.
100
Jan.
1141a Jan.
b.
110
Jan.
Jan.
Jan.
Jan.
100
Jan.
110
96*4 Jan.
Jan.
31ia Jan.
75ia Jan.
91*4 Jan.
Jan.
96ia Jan.
93
106
Jan.
Jan.
94
106
Jan.
Jan.
72
Jau.
’2
Jan.
10914 Jan.
100
Jan.
IOO
Jan.
113
Jan.
Jan.
113
107
Jan.
Jail.
101:U Jan.
100*2 Jan.
lo7
102
98
.lan.
Jan.
93
Jan.
98
Jau.
99*2 Jan.
<0*4 Jan.
109*2 Jan.
110t2 Jan.
109
Jail.
Jan.
Jau.
42
109
Jau.
Jan.
113*4 Jon.
105*2 Jan.
91*2 Jan.
113*4 Jan.
112*41) : 113*ab.
112*2 Jan.
114*20. 112**3
102
L>. 100*2
100*2 Jan.
100*2 Jan.
105
90
103
112
Jail.
Jam
Jau.
lo2
b. 103
112*i Jan.
loUVJan.
H17
*115
Jan.
Jan.
111*8 Jan.
105 *8 Jau.
47 *2 Jan.
66
Jail.
88
Jan.
LI 8
112
110
b. 110
110
a
51
Jan.
Jan.
Jan.
101 *4 Jan.
100*4 Jan.
102*2
100*ab. 102
76*20. | 73
102
51
99
90
112
110
!
i
95*80.
i
80
1910
1919
107 *4 Jan.
108
Jan.
88
Jan.
88
Jan
;i07*4
il00*2b.
88
80
88
90
b.
b.
88
Jan.
88
Jan.
no
90
101
78
88
100
9978 Jan.
from actual sales.
SECURITIES.
1892-1898
Compromise, 3-4-5-6S
New settlement—6s
5s
3s
9 3*4
122
104
b
Tennessee—6s, old
95
118
102*2 Jan.
96*2 Jan.
a,
115’
10
12
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
Rhode Island—6s, cou.. 1893-1894
South Carolina—6s, non-fund. 1888
Brown consolidated 6s
1893;
..
119
112
110
78
45
97
78
45
102
107
118
35
10
20
93*4 Jan.
91*4 Jan.
114
Jan.
b.
119
116*2
110*2b. 112
BONDS.
STATE
SECURITIES.
85iaJan.
129
.
122*2 Jail.
b.
OO
b.
b. 113
Jill).
Jau.
Jau.
! 72 *2a.
2d, 6s, 1931
13 b.
Inc., 6s. 1931
1115s Jan.
So. Pac., Cal.—1st, 6s, 1905-12.. 1101*2
So. Pac., Ari.—1st, 6s, 1909-10..
105*8 Jan.
So. Pac., N. M.—1st, 6s, 1911. .. 108*40. 105*8
47 *2 Jau.
48
| 47*2
Tex. A Pac.—Inc. A Id gr, 7s, ’15
66 b. : 65 *2
65*2 Jan.
Rio Grande Div.—6s, 1930
! 61
a.
Gen. mort. A term., 6s, 1905..
!
85
Jan.
Tol. A.A. A N. M.—1st, 6s, 1924. 89 b. 88
Tol.A.A. A Gr.Tr.—1st, 6s, 1921 102^0. 101 b.
I 80 b.
Tol. Peor. A West—1st, 7s, ’17
i
93*8 Jan.
Tol. A Ohio Cent.—1st, 5s, 1935 95 b. 93 b.
91*2 Jan.
Tol.St.LA Kail. C.—1st,6s, 1916 85 b. 91 r,H
114
114
Jan.
116*2
Union Pacific—1st, 6s, 1899
80*2 Jail.
120*20. 120 b.
Jan.
112*2a. UO»4b. Ill
Jail.
119*20. Iv0*2b.1 120
11 L b. 108*20. 108*8 Jail.
113
110
Jan.
|
104
102
Jan.
a.
101
100
99 ^ Jan.
l liia
1141a Jan.
100*8
100
b. no o.
117
116*20.
2d, 6s, 1909
'118 a. 114 b 115
1st cons., 6s, 1933
99
a.
Do
reduced to 4*28..
Shenandoah Val.- 1st, 7s, 1909 92 a. ; 90 b.
36 a
Gen’l mort., 6s, 1921
I 96 b.
96
So. Carolina—1st, 6s, 1620
a.
, 5
69
b.
120
Jan
Jan.
Jau.
Jan.
Jan.
Jan.
b.
b.
109*4b. il;y
76
97
2d, 68,193
11!)
06*2
108*2
114*4
11.4*2
11244
112*4
100 *211. 108*2
b.
109*2
68, Class C, 1906
Gen’l mort., 6s, 1931
Gen’l mort., 5s, 1931
So. Pac., Mo.—1st, 6a, 1888...
St. Paul M. A M.—lat, 7a, 1909.
30*2 Jail.
Jan.
Jan.
63
lt>0*2 Jan.
1031*2 Jan.
112*46. 113*20.
6s,‘Class B, 1906
*
30*2
........
Jan.
Jmi.
1
31
1st,Waco * N. 7s, 1903
2d, consol. M. L. 8s, 1912.....
Gen. mort. 6s, 1921, tr. ive...
ud.Bl. A W.—lHt,prel.,7«, 1900 112 b.
85 b.
lat,5-6a, 1909, tr. roc
71*2U.
2d, 5-0a, 1909, tr. rec
80
106
a.
!
71
Kent. Centr.—Gold 4h, 1987...
Knoxv. *0.—1st, 6s, gold. 1925; 92
164
L. Erie A W.-lst g., 5s. 1937 .
120
LakeSh.—Con.coup., 1st, 7s, 19u
122
Con. coup., 2d, 7s, 1903
07*i Jan.
07*« Jan.
hO
70
Jan.
b. 105*20. led
Jan.
70*2
105
.
Jan.
Jan.
Jau.
Jan.
7314 Jan.
75*2 Jan.
.
Jan.
Jai
77
53
Uliab.
Oregon Impr. Co.—lat, 6a, 1910 94ia
110
Ore. R. ANav.Co.—lat, 6a; 1909 111 b.
96ia
96ia
Consol., 5s, 1925
94
Oregon ATranseon— 6s, 1922.. 93
Peo. Dec. A Evans.—1st, 6a, ’20. 108 b.
106 a
Evansv. Div—lat, 6a, 1920...
7 2 lab.
72
2d morf., 5a, 1927
Rich A All.—lat, 7a, 1920, tr. rec 57
1091.1
Richm. A Dan.—Cons., 6a, 1915 111
U'O
b.
Debenture, 6a, 1927
117 b.
Roch. A Pitts.—lat, 6s, 1921... 117
113
Consol., 6s, 1922
Rome W. A Ogd.—lat, 7a, 1891. 106 b. 10714b.
102
102
Consol., extend., 5s, 1922
98
98
St Jo. AGd.Isl.—lat, 6s, 1925
2d, income, 5a, 1925
St. L. Alt.A T.H.—1st, 7s, 1894. 114 b.
2d, M., pref., 7s, 1894
103 a.
2d., M., inc., 7s, 1894
41 *aa.
Dividend bds, 6s, 1894
99*2
St. L. Ark. A Tex.—1st, 6s, 1936 98 *s
42
41
b.
2d, 6s, 1936
St. L. A Ir. Mt.—1st, 7s, 1892... 109*20. no
110
b. 1110 o.
2d mort., 7s, 1897
105*2
Cairo A Fulton—1st, 7s, 1891 108*2
92 a. ! 90*2
Gen. Ry. A land gr., 5s, 1931.
St. L. A San Fr.- 6s., Cl. A,1906 112*20. 113*20.
77*2 Jan.
66*20.
35
34
Jan.
76*2 Jan.
110 b.
75i«
100
100
..
2d, inc., 6a, 1921
Omaha A St. L.— 1st, 4s, 1937..
■
Jan.
8 ti*2 Jau.
b. 130iaa. 128*4 Jan.
11314b. 114
....
Ohio Southern—lat, 6a, 1921.
b.
b.
10414b. 10414
10414
136 ia a. 132-8b.
109
L08%i>. 109
129 b. 129 b. 128ia
87
8614
86*4
118iab. 115 b. 117
125 b.
10fT“ 1075sb.
101
10278
Iu2*s
108 b. 10914b. 109
92*8
91
92ia
2d, consol., 7a, 1911
Springfield Div.—7s, 1905
139*2 Jan.
119*4 Jan.
132
6a, 1936
Spokane A
Jan.
Jail.
108*8 Jan.
95
85
N. Pac.Ter.Co.—1st, 6a, 1933...
Ohio A Miae.—Consol., 7s, 1898.
Jan.
Jan.
131*2 Jan.
42
N. Y. Out. A W.—lat. 6s. 1914..
N.Y.Sua. AW.—1st ref., 5a, 1937.
Midland of N. J.—1st, 6s, 1910
76 a.
N. O. Pacific—1st, 6a, 1920
Norfolk A West. - Gem, 6s, 1931
North. Pacific—1st,coup.,6a, ’21 II8I4
102
Gen’l, 2d, coup., 1933
101 a.
Pal.—1st,
u.
79
73
Det.Mac.A M.—Ld.gr.3 *28,1911
108
0.
118*20. lit)
Denver* KioGr.—Is
let con. 4s, 1936 ...
r
Jan.
rm
120*£b.
Sinking fund 6s, 1929
Sinking fund 5a, 1929
2d M., 7s, 1905
West. Division—1st, 5a,
b.
Jan.
Jan
Jan.
Jail.
™
105*8 Jan.
94*2 Jan.
104*2 Jan.
94 b. 94
Jau.
Jan.
112*._>b. 113 b 113
98
b. 96*20.
118 b. 115*2
114*2 Jan.
109
N.Y.AHarlat, 7a, 1900
N.Y.Chio.ASt.L.—lat, 4a, 1937..
N.Y. Elevated—lat, 7a, 1906
N. Y. Lack. A W.—lat, 6a, 1921.
Construction, 5a, 1923
N. Y. A Nor.—1st, 5s, 1927
Jan.
105
^
1037bb. 105
Gen.
.
08*4 Jan.
22*4 Jan.
Jan.
Jan.
105
b. 102*2 Jan.
......
C. C. C. A
Jan.
103*8 Jan.
b.
01
1911... 103*21). 102
Cliic.Bur. & Nor.—1st, 5s, 1926.
128
Chic. Burl. A Q—Con. 7s, 1903. 113*2
Terminal 5e, 1914
Chio. A N. W.—Consol.
Jan.
117*s Jan.
105
Jan.
105*4
10514 Jan.
10S*2b 10-5ia Jan.
IO6I4
Consol., 78.1904-5-6
Mobile A Ohio—New, 6a, 1927
1st, Extension, 6s, 1927
lstpref. debentures, 7a
Mutual Un. Tele.—S. f., 6a, 1911
Nash. Ch. A St. L.—lat, 7a, 1913
N.Y. Central—Extend., 5s, 1893
N.Y.C. AH.—1st, cp., 7s, 1903
Debenture, 5s, 1904
..
98*2 Jan.
113^4 Jan.
102
Highest.
Lowest.
Mil. Lk.Sh. A W.—1st, 6a, 1921. 120 b. 120iaa,
117
Jan.
Ashland Div.—1st, 6s, 1925.... 115 *2b. 117*4
115 a. 105
105
.fan.
Minn. A St. L.—1st, 7s, 1927
Jan.
52*2b. 53 b. 53
Imp. A Equip.—6s, 1922
71 *2
71 la Ian.
73U
Mo. K.ATex.—Con., 6s, 1920...
61:14b. 62ia Jan.
63
Consol., 5a, 1920
Jan.
Jan.
....
...
Dec. 30! Jan. 6
Highest.
Lowest.
I
inc., 6s, 1910;i 26*81). ! 26*8b.
81
Jan.
! 81
80
105*2 Jan. 106
il075bb. Y06
1 92 b. ! 92*8
92 *4 Jan. 1 92*2
i 107*sb. 107*40. 107*8 Jan.
107*4
j!12
Railroad Bonds.
.
■
Dec. 30 Jan. 6
Range since Jan. 1.
O losing.
Virginia—6s, old
6s, consolidated bonds
6s, consolidated, 2d series
6s, deferred, trust rec
1912
1913
1913
1913
10U *8 Jan
THE CHRONICLE.
30
GENERAL
QUOTATIONS OP
[Vol XL\I.
STOCKS AND
BONDS.
Quotations In New York represent the per oent value, whatever the p ir n iv be; other quotiti ms are frequently ina le per
per sh ire.
The following abbreviations are often used, viz : “M.,” for mortgage; “ g.,” for gold; “ g’d,” for guaranteed; “ end.,” for endorsed;
for consolidated; “conv.,” for convertible ; “s. f.,” for sinking fund; “1. g.,” for land grant.
“cons.,,4,
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers will confer afavor by giving notice of any error discovered in these Quotations.
Bid.
United States Bonds.
j1
Ask.
City Securities.
Bid.
Ask.
Bid.
City Securities.
Baltimore—(Continued)—
Milwaukee, Wis.—5s, 1891..-J &D
6s, Park. 1890...
rbg..Q—M 107*4 1084
7s, 1896-1901
Var.!
Q—M 104
10
s
10714
114
4;
6s, bounty, 1893
M& 8
coup.. Q—M
7s, water, 1902
J&Jt
1251*
1264!
110
6s,
do
reg... Q—J
exempt, 1893... M & 8
Minneapolis—4s, 1906-1916. Various
125*2
120*4!
107
5s, water, 1894
J&J
coup.. .Q—J
5s, 1893
Various!
123
reg—J&J 119
J&J
8s, 1886-1905, long
j 6s, 1900
Variousi
121
124
6s, West. Md. RR., 1902
J&J
reg—J&J
|
44s, 1916
Various!
5s, 1916
M&N 1264 1274 Mobile, Ala.—3-4-5s, funded.. J & J
reg—J&J 123
111
4s, 1920
J&J
reg—J&J 125
Montgomery, Ala.—New 3s ..J & J
106
reg—J&J 127
Bangor, Me.—6s. RR.,1890-’94.Var.1 102
5s, new
UNITED STATES BONDS.
4i*B, 1891
41*8,1891
1907
4s,
48,
6s,
6s,
6s,
6s,
68,
1907
Currency,
Currency,
Currency,
Currency,
Currency,
1896
1897
1898
1899
STATE
SECURITIES.
1895
....
Alabama—Class “A,” 3 to 5,1906... 104
103
Class “ B,” 5s, 1906
100
Class “C,” 4s, 1906
6s, 10-20, 1900
J&J 103
Arkansas—6s, funded, 1899 ..J&J
7s, L. R. & Ft. 8. issue, 1900. A & O 20
7b, Memphis & L.R., 1899..A & O
78,L. R.P.B.&N.O., 1900..A & O 17
78,Miss. O. & R. Riv.,1900..A & O 17
7s, Ark. Central RR., 1900. A & O
5
7s, Levee of 1871,1900
J &J
California—6s, funded debt of 1873"
,
Connection—New,rg.,34*s,1904J&J*
101
Dakota Ter.
1054
101 4
* 100
New, reg. or coup., 3s, 1910
-
5s. lO-2Cs of 1887
41*8, 10-20s of 1887
District of Columbia—
Cons.3-65s,1924, cp
Cons. 3-65s, 1924, reg
F&A 1174
1174
J&J ! 112i*
Funding 5s, 1899
Perm. imp. 6s, guar., 1891...J&Jt
Perm. imp. 7s, 1891.
J&Jt
107
110
107hi
Wash.—Fund.loan(Cong.)6s,g.,’92t
Fund.
123
111
loan(Leg.)6s,g.. 1902 Yarl
Market stock, 7s, 1892
€
Water stock, 7s, 1901
do
7s, 1903
!
126
129
J & Jt 109
Florida—Consol, gold 6s
104
J&J 106
Georgia—7s, gold bonds, 1890. Q—J
4*28,1915
Kansas—17s, long
6s, water, 1905
J&J!
6s, E.& N.A. Railroad, 1894..J&Ji
L07
6s, B. & Piscataquis RR.,’99.A&01
Bath, Me.—6s,railroad aid
Var!
105
5s, 1897, municipal
108
Belfast, Me.—68, railroad aid, ’98.. 1
13
Boston, Mass.—6s, cur, long,1905Varl
25
6s, currency, 1894
Var.
22
5s, gold, long
Var.i
44s, 1908
A&O
4s, currency, long
J&J
15
Brooklyn, N.Y.—.
10
7s, 1890
6s, Water, 1891
104
6s, Water, 1899
6s, Park, 1921
i'06
7s, Park, 1915
102
7s, Bridge, 1902
7s, Bridge, 1920
118
Buflalo, N. Y.—78,1895
Var.!
118
7s, water, long
Var.t
6s, Park, 1926
M&S!
Cambridge, Mass.—5s, 1889...A&O!
6s, 1894. water loan
J&J
6s, 1896, water loan
J&J
6s, 1904, city bonds
J&J *
Charleston, 8.C.—6s,st’k,’76-98..Q-J
7s, fire loan bonds, 1890....J & J
1364
7s, non-tax bonds
F&A 54
F&A 100
Baby bonds, 3s, 1886
Maine—4s, 1888
War debts assumed, 6s,’89. A& 01 103
98
6s, 1890
Q—J 93
106*4
6s, 1895
41*8, 1900
3-65s, 1902
Cook Co. 7s, 1892
Cook Co. 5s, 1899
Cook Co. 44s, 1900
91
55
1001*
1034
Maryland—6s, Hospital, ’87-91 J&J
3-65s, 1897
J&J
10 5
J&Jf 110
M&S 113
Massachusetts—5s, gold, 1891. A&O
5s, gold, 1894
5s, gold, 1897
Michigan—7s, 1890
M&N
Minnesota— Adj. 44s, 1911, 10-30..
Missouri—6s, 1888
J & J
J & J
Funding bonds, 1894-95
Long bonds, ’89-90
J & J
Asylum or University, 1892. J & J
New Hampshire—5s, 1892
J&J
War loan, 6s, 1892-1894
J&J I
War loan, 6s, 1901-1905
J & J
New Jersey—6s, 1897-1902
J&J*
6b. exempt, 1896
J&J*
New York—6s, gold, 1891
J&J
6s, gold, 1892
A&O
A&O
0s, gold, 1893
No.Carolina— 6s, old, 1886-’98. .J&J
105
106
112
115
Cincinnati, O.—6s, 1897
100
1031* 105
1081* 111
128
130
125
115
Tax-receivable coups., from cons’ls
Do
from 10-40s.
New3s (Riddloberger), 1932. J & J
10-40s, cp. & reg., 3 to 5,1919.J&J
CITY SECURITIES.
26
66
35
115
long
t 138
Allegheny,Pa.—5a,cp., ’87-97.. Var. 100
44s, coup., 1885-1901
Var. 100
4s, coup., 1901
Var. 105
Allegheny Co., 5s, cp., 1913.J&J§ 100
100
4s, riot loan, 5-1 Os
100
4s, riot loan, 10-20s
100
do
5s,
10-208
Albany, N. Y.—6s,long....Various!
7s
4s, refunded. 5-20s. 1891-1906
Atlanta, Ga.—7s
Do.
8s
Waterworks
101
102
no
108
114
115
Austin, Texas—10s
Baltimore—6s. consol., 1890..Q -J 104
il
A
104
' t
6s, Balt. & O. loan. 1890
Q—J
120
.
.
.
.
1044
1004
112
114
123
87
102
103
101
no
119
125
126
125
no
105
100
106
111
120
126
128
127
111
City—5s, 1908
j Norwich, Ct.—5s, 1907
7s, 1905
Orange, N. J.—7s, long
Oswego, N. Y.—7s, 1837-8-9
! Paterson, N. J.—7s, long
1
6s, long
5s, long
44s, long
1
4s, long
1 100
Vai 1*20
125
'
no
106
105
100
no
118
118
116
I
6s, new,reg.,due 1900 &over.J&J
103
114
124
123
113
lu5
1C6
119
101
Rockland, Me.—6s, ’89-99,RR..F&A j 98
Joseph, Mo.—Comp’mise 4s, 19011 86
Louis, Mo.—6s, 1892
Var.!jit6
Var.t 105
5b, long
5s, 10-20
Var.t 100
J&D.tj...
4s, 1905
8t. L. Co.—6s, gold, 1905
A&Ot 118
St. Paul, Minn.—48, 1912
tj 90
44s, 1916
t 100
St.
St.
105
112
.
8s
-.J & J
Macon, Ga.—6s
Manchester, N.H.- -6s, 1894
6s, 1902
•
1
48
110
104
115
f
accrued interest,
95
^
109
J In London.
11L
121
85
100
107
10*
102
i‘2<>92
104
103
105
106
128
7s, 1903, water loan
A&Oi L30
135
"115
117
be found
1
1
123
113
108
113
103
RONDS.
under the consol'd
Ala. Gt. Southern—1st mort.,
1
106
ill
A&OtjlOS
RAILROAD
112
108
120
11 vO
115
107
108
L21
L03
108 '
5s, 1905
8s,1893-94..........
Var.i 115
Washington, D.C.—See Dist. of Col.
Worcester, Mass.—6s, 1892...A&O! 106
5s, 1905
A&O 111
4s,' 1905
A&OjlOl 4
116
108
60
50
135
119^3
1174
1054
Guaranteed 7s, 1909 .J&J&A&Ot L17
119
97
5s, 1909 (1st mort.)
A&Ot 95
5s, plain bonds, 1920
M&St 894 90
14s, 1920
A&Ot 963t 97
Florence
El l/Ul
C
IU 4 “11' »fr> & Ci
Dor’do,lst.7s.
A&Ot1 108
LUO
Ulff ioL 4 O 2V06U
111
L
l
-**■
-
$ Part being redeemed, fl Coupons
on
»
17
132
-
-
1004101
1911
—
name.)
19081:113
Debenture scrip, 6s, gold, 1906.. t;106
Ala. N. O. T. &c. 1st deb. 6s
J! 55
2d debent. 6s, 1907
45
41b’y & Susq.—1st M., 7s, ’88...J&J 101
Consol, mort., 7s, 1906,guar .A&O
Consol, mort., 6s,1906, guar.A&O; 118
kllegh. Val.—Gen. M.,73-10s.. J&J: 116
East, extern M., 7s, 1910
A&0110
128
130
Income,7s. end., 1894
A&Oi 22
110
111
Atch. Top. &S. Fe—1st,7s, ’99 J& ft 119
1124 1134 i Land grant, 7s, g., 1902
A&0» 117
I Sinking fund, 6s, 1911
1114113
J&D! 105
J&J! 100
J&J 118
Memphis.Ten.—Tax.
lull.
id A.iyirU'.QUOlUj
Dist. Shelby Co II
l i*I r31II i M1 I PS
t; 100
5s. 1915
.
i
6s, 1889
t 100
7s, 1883
..tlOO
8s, 1904
:
t 126
Salem, Mass.—6s, ’98, W. L.A& O..1,1154117
LIT
5s, 1904, W. L
J&J! 110
! Savannah funded 5s. consols
1014' 102
1
Lynn, Mass.—Water loan,6s, ’94J&J
Water loau, 6s, ’96
J&J
5s, 1905
M&N!
138
125
113
113
135
120
i
107
123
120
129
108
126
111
130
1L5
A&OI
J.&J
line1
,
Price nominal; no late transactions, t Purchaser also pays
75
100
6s, 1896
6s, 1901
113
LOO
111
105
105
102
105
105
103
M&N! 113
135
105
100
71
70
90
100
121
113
128 ‘
107 4
7s, 1890
125
7s, 1896
ld6
7s, 1901
Newton—6s, 1905, water loan.. J&J 123
5s, 1905, water loan
J&J 1L2
Norfolk, Va.—6s,reg.stk,’78-85.. J&J 107
8s, coup., 1890-93
Var. 130
88, water, 1901
M&N 127
New York
1054 106
.
120
.
127
154
145
139
150
100
103
Water, 6s, 1900
Detroit, Micb.—7s, long
Var.i 120
130
7s, water, long
Var.! 125
90
Elizabeth, N.J.-New Is,1912.M&N 82
Evansville, Ind—7s, long, Various
121
Fall River, Mass.—6s, 1904...F& A! 120
5s, 1894, gold
F&A! 1044 1054
113
5s, 1909
F&At 111
105
| Fitchburg, Mass.—6s. ’91,W.L. .J&J! 103
103
i Galveston, Tex.—8s,1893-1909. M&S 101
98
5s, 1920
J&D 92
!Hartford, Ct.—City 6s, var. dates..! 104 114
i
CapitoL untax, 6s
.J 110
Hartford Town 41*s, untax
L05
! 100
Haverhill, Mass.—6s; 1889... A&O! 1014 103
ill - 113
I Hoboken, N. J.—5s, loug
116
117
6s, loug
123
125
7s, long
;
45
Houston, Tex.—10s
45
6s, funded
Indianapolis,Ind.—7-30s,’93-9, J&J! 110
106
Jersey City—6s, water, loug, 1895.. 104
123
7s, water, 1899-1902
.....J&J 118
112
7s, improvement, 1891-’94—Var. 107
118
7s, Bergen, long
J&J 116
32
Hudson County 5s, 1905
M&S 114
27
Hudson County, 6s, 1905
J&J 126
664
Hudson County 7s, 1894
J&D 112
37
Bayonne City, 7s, long
J&J 112
Lawrence, Mass.—0s, 1894...A& Of 1114 112
121
6s, 1900
A&O 119
Long Island City, N.Y—Water.7s,’95 101
106
120
1*22
Louisville, Ky.—7s, longdates. Var.!
105
110
7s, short dates
Var.! 102
110
6s, long
Var.i 108
101
103
6s, short
Var.i 101
101
105
5s, 1890-1900
M&N 104
101
Lowell, Mass.—6s,1890, W. L.M&NI 1044 105
101
Lynchburg, Va.—6s...
J & J 110
Augusta, Me.—6s, 1905, Fund. J&Jt L18
Various L05
Augusta, Ga—7s
*
111
110
132
114
100
110
112
122
84
95
1054
Var.!
7s, long
Var.i
7s, water, long
Var.i
New Bedford,Mass.—6s, 1909. A&Ot
5s, 1900, Water Loan
A.&O
N. Brunswick, N. J.—7s, loDg
J
68, long
1
New Orleans, La.—Premium 5s
13278 I33ie
Consolidated 6s, 1892
Var. 1104 112
Newport, Ky.—Water bonds 7-30s..
1074 103
126
152
144
133
148
•■•••a
! 1294
'
1304M
.....J&Jt L014 103 4
5s, Refunded, 1912
Southern RR. 7-30s, 1906...J&Jt
L3L4
4s,
do
1915
122
do
1234 Portland, Me.—6s, Mun., 1895. Var.!
6s, g., 1906
M&N I
do
Cur. 6s, 1909....F&At
1234
Os, railroad aid, 1907
M&S
115
do
Skg. fd. 5s, 1910M&N t 114
4s, funded, 19 >2-12.,
J&J
Hamilton Co., 4s
1044 Portsmouth, N.H.—6s,’93,RR. J&J ! 1064
!
115
116
140
Cleveland,O.—7s. ’94, fd. debt.. A&O
L19
no
7s, 1896, canal
M&S 117
112
119
6s, 1898
Var. 111
1004 Rahway, N. J.—Old 7s.
5s, 1887-89
Var. 100
112
75
Columbus, Ga.—7s
Var. 110
102
105
5s
119
Richmond, Va.
112
Covington. Ky.—7-30s, long
1 110
8s, 1886-1909
J&J|139
107
Water Works, 1890
1 105
5s, 1914-15
J&J 10 d
4 s, 1937, new
103
! 100
4s
95
110
Dallas, Texas—8s, 1904
Rochester, N.Y.—6s
Var.i 1 lo !
110
115
10s, 1893-96
7s, water, 1903
J & J t|140
105
N. C. RR., 1883-5
do
7 coupons off ....A&O no
6s, funding act or 1866.1900 J&J 10
20
6s, new bonds, 1892-8..’
J&J
10
A&O
6s, Chatham RR
12
8
6s, special tax, class l,1898-9A&o
97
48, new, cons., 1910
J & J 95
121
6s, 1919
A &O 118
Penna.—5s, new, reg., ’92-1902.F&A 1141* 1151*
48, reg., 1912
F&A 1204
Rhode Isl’d— 6s, 1893-4, coup..J&J 114
South Carolina—6s, Non-fund.,1888.
5
Brown consols
104
62
60
Tennessee—6s, unfunded
Compromise bonds, 3-4-5-6s, 1912 69 hi 71
105
99
Settlement, 6s, 1913
100
Settlement, 5s, 1913
09
70i*
Settlement, 3s, 1913
111
Texas—6s, 1892
M&S1 103
7s, gold, 1892-1910
M&Si 115
7s, gold, 1904
J&Ji 130
Vermont—6s, 1890
J & D
Virginia—6s, old, 1886-’95....J & J 48
6s, new bonds, 1886-1895...J & J 48
0s, consols, 1905. ex-coup
J&J 39
6s, consol., 2d series
J&J 60
6s, deferred bonds
8i* 10
110
100
107
108
I 90
100
105
7-30s, 1902
no
102
107
122
120
113
110
Nashville, Tenn.—6s, short
6s, long
Newark—4s, long
44s, long
5s, long
68, long...
4s, 10-20
118
35
J & J U 170
6s
6s
r
West Chicago 5s, 1890
Lincoln Park 7s, 1895
West Park 7s, 1890
South Park 6s, 1899
10710
100
119
106
110
103
1014 103
103
105
125
123
112
1124
1134 115
106
108
1014 102
103
84
83
4s. non-taxable
Cbelsea, Mass.—6s, 1897,water loan! 1124 114
1154
Chicago, 111.—7s, 1892-99
112
J&J
Louisiana—New con. 7s, 1914..J&J 100
904
Stamped 4 per cent
117
105
L07
100
Ask.
since ’6£
January 7,
THE
18S8 J
QUOTATION'S OP STOCKS AND
GENERAL
For
Explanations See Notes at Head of First
A tell.
Top. & 8. Fe—(Continued)—
tll8
i 1133*
N.Mex.&So.Pac.,lst,7s,1909 A&O til?
Pueblo & Ark.V., 1st, 7s, g.,1903. 1116
K.C.Topeka&W., 1st M.,7s,g.J&J
Sonora, 1st, 7s. 1910, guar.. J&J
Wiehita&8.W.,1st,7s,g.,gua..1902
lbO
Income, 6s
Central Division, old 6s
do
incomes, 1922.
do
acc. kl. gr. 6s. 1901
A&O
F&A
Sterling, 5s, 1927
J&D
Sterling, 6s, 1895
M&S
Sterling mort., 6s, g., 1902..M&S
do
6s, g., 1910. M&N
ParkersburgBr., 6s, 1919...A&O
Balt. & Pot’c—1st, 6s, g., 1911.J&J
1st, tunnel, 6s. g., g’d, 1911. A&O
Beech Creek—1st,g’ld, 4s,1936,J&J
Bell’s Gap—Cons, 6s, 1913
J&J
Belvidere Del.—1st,6s,c.,1902. J&I)
Cons. 4s, 1927
F&A
Boston & Albany—7s, 1892...F&A
6s, 1895
j&j
1109
,116
118
H21
118
121
122
123
j&j
j&j
M&S
M&N
4*28, 1903
Boston &
Atch.Col.&Pac.,1st,68,19050.—I
Atch. J.Co.&W.,l8t,6s, 1905.0,—F
Cent, of Ga.—1st. cons., 7s, ’93.J&J
M&N
Cent. Iowa—New 1st., 7s , ’99. J&J II
Inc. bonds,“ debt certs.”, 7s,A&O
Eastern Div., 1st, 6s, 1912..A&O
Ills. Div., 1st, 6s, 1912
A&O
F&A
J&J
M&N
Gen. mort., 5s, 198"
7s, conv, 1902, assented
Consol. M. ,7s, 1899, assented.Q—J
Conv. deben. 6s, 1908
M&N
Am. Dk.& Imp. Co., 5s,1921. J&J
Leh.& Wilkesb.Coal,inc.,’88,M&N
Consol., 78,gold,1900,ass’d.Q-M
Cent. Ohio—1st M.. 6s, 1890..M&S
Cent. Pac.—1st, 6s,gold, 1895 .J&J
..J&D
A&O
Bonds, 5s, 1895
5s, debenture, 1913
M&N
48, Denver Div., 1922
F&A
A&O
A&O
Iowa Div. 5s, 1919
Iowa Div., 48, 1919
4s, plain bonds, 1921
M&S
Neb. Ext., 4s, 1927
M&N
Bur. & Mo. R., I’d M., 7s,’93.A&0
do
Conv. 8s,’94 ser.J&J
Bur.&Mo. (Neb.), 1st, 6 s, 1918. J&J
do
Cons, 68, non-ex..J&J
110*4
111
100*2
10734
do
do
do
133'
40
114
90
105
95
100
100
103
50
111*2
86*4
10(3
’
105 V
92*4
93*8
100
103
79
85
15
60
20
70
50
105
115
t
till
113V
tioov
tlOO
Cin.&Sp.—7s, C.C.C.& I., 1901.A&O 105
7s, guar., L.S.& M.S., 1901..A&O 110
125
120
100*4
93V
72V
Cin.Wasli.&B.—lst,gu,4Vs-6sM&N
2d mort., 5s. 1931
J&J
3d mort., gold, 3s-4s, 1931..F&A
99*4
74
41
18
Income 5s, 1931
::::::
113
100
96
122
123
129
103
75 V
96
71
71
115 V
105
112
Ohio&W.Va.,lst,s.f.,7s,lb rOM&N
Col. Springf.&C.—lst,7s, 1901. M&S 106*4 108
106
Col. & Rome.—1st, 6s, gu.Cent. G». 105
no
Col.& West.—l st, 6s. guar Cent. Ga. 168
108
Col. & Xenia—1st M., 7s,1390.M&S t
Conn. & Passump.—M., 7s, ’93.A&O tnov 111
108
Massawippi, g., 6s, gold, ’89 J&J tlOO
20
38
Conn. West.—1st M„ 7s, 1900. J&J
127
Connecting (Phila.)—1st, 6s ..M&S 121
84 V
85
Consol.ItK.of Vt„ 1st, 5s. 1913.J&J
Cor. Cow. & Anr.-Dob.6s, ’93M&N
Cumb. & Penn.—1st6s,’91....M&S
..
♦
101
49
93*2
51
113*2
99
123
129*2
129
124
113
123
; Cumberl. Val.—1stM. ,8 s, 1901. A&O
J&J 110 4
Dayton & Mich.—Cousol. 5s
3d mort., 7s, 1838, now 2d.A&O ♦
114*2 1 L5*2 Dayt. & West.—1stM.,6s, 1905.J&J 1 100
111*2
1st mort., 7s, 1905
J&J til 5
112
119*4
! Delaware—Mort., 6s, guar.,’95. J&J
104 V
103
..
;
!
98
128
! Del.Lank.& W.- Couv.7s,1892 J&D
I
Mort. 7s. 1907
M&S
Den. & R. G. 1st ?s,gold, 190 ). M&N
i 1st con. 4s. 1936
123 V 124
I- & D. Ext., 7s, 1908J&J‘ 121*2423
31.,Os. S’thwest Div.l909J&Jj 111
1st M., 5s. La C. & Dav-1919J&Ji
;
112
J&Jj
131
110
131
|Del.& Bound B’k—1st, 7s, 1905F&A
1st
128
Consol., gold, 7s, cp., 1902..J&D
Sinking fund, 6s, 1929
107*4 10734
|
130
A&O
109
108
95
M&N 105
25-yrs. deb. 5s, 19o9
Escan.&L Sup., 1st, 6s, 1901.J&J
Des M.& Minn’s, 1st,7s,1907.F&A
Iowa Mid., 1st 31., 8s, 1900. A&O
Peninsula, 1st, conv.,7s,’98.M&S 120
111*2 120
Chic. & Mil., 1st M., 7s, ’98..J&J
Mil. & Mad., 1st, 6s. 1905..3L&S.
Madison Ext., 1st, 7s, 1911. A&O
Menominee Ext.,1st,7s,1911 J&D;i
Northwest.Un., 1st,7s, 1917.M&S!!
......
76%
77
75
68
73 V
87
59
73
ouV
106
119
116
119
Chic.&S.W..lst,7s,guar.,’99.M&N
Chic. & St.l-iouis— 1st 6s, 1915,M&S
102*2 Chic. Santa Fe & Cal. —1st, 5s
102
Chic. St. L. & P.—1st, 5s, 1932. A&O
Chic. & Gt. East., 1st, 7s, 93-’95.
113*2 11378
103
Col.& Ind. C., 1st M.,7s, 1904.J&J
2d M.7s,1904.M&N
do
113*2
Un.& Logansp.,l8t,7s, 1905.A&O
Cin. & Chic. A. L., 1886-’90
Chi. St P.& K.C.-lst, g, 58,1936J&J
Chic.St.P.Min.&Om.—Con. 6s, 1930
Ch.St.P.& 3Iinn. lst,6s,1918M&N
North Wise., 1st 6s, 1930....J&J
St. Paul&S.City, 1st 6s,1919.A&O
Chic. & Tomah.—6s
Chic.& W.Ind.—S.fd. 6s,
1919 M&N
General mort., 6s, 1932
Q—M
Chic. & W. Mich. 5s, 1921. ...J&D
Cin. Ham. & Dayt.—Consol.5s A&O
Consol, mort., 7s, 1905
A&O
Consol, mort., 6s, 1905
A&O
Cin. H. & I., 1st M., 7s, 1903.J&J
J&J tlOS
108*4
Cheshire—6s. 1896-98
Ches.O. &S.W.—M. 5-6s, 1911.F&A 104*s
Cin. I. St. L. & Chic—Con. 6s. 1920
1st gold 4s, 1936
2d mort., 6s, 1911
Q—J
F&A
1 Purchaser also pays accrued Interest.
Equipment, 7s, 1900
105
130
166
117
.
Mt.
Evansv.T.H.&Chi.—1st, 6s, g.M&N
iFitchburir—5s, 1899
A&O
! 5s, 1900-01-02
A&O
O **
105
6s, 1897
.
A&O
100
100V ; 7s, 1894
A&O
104
j Flint & P. Marq.—M. 6s,1920. A&O
1120
Ft. Madison* N. W., 1st7s,g.,1905
1117
! Ft.Worth & Dcnv. C.—1st, 6s, 1921
1114
Frem’t Elk’n& Mo.V.—6s, 1933A&O
noo
do
do
Unstamped..
101
G.H.&SauAnt.—1st,6s,g. 1910. F&A
l 99
120
2d mort., 7s, 1905
J&D
120*8
122 V
West. Div. 1st, 5s, 1931
M&N
do
2d, 6s, 1931...J&J
Gal.Hous.& Hen.—1st,5s
122%
A&O
i 17
1 113
Georgia.—7s, 1883-90
J&J
111
6s, 1889
J&J
115
Georgia Pacific—1st, 6s, 1922. J&J
4
4
_____
97
101
t....... 119
tlOaV 111
102
no
100
1
99
114V
1
loo
1103
1103 V
tllO
tll2
116
t!07
110V
114
119
79
tll?% 118
1115 V 116
105 V 106
65
72
120%
lstM.,7s,l.g., gold,not guar. A&O 1115
tlOO
7s, *99
96
M&S
96 V
l.g., g’d, 7s,
g.
♦
Ex laud grant, 1st
Consol. 5s, 1924
Gr.B’yW.&St.P
—
lst,6s,l911.F.&A
2d, incomes, 1911...
1 In I ondon.
104
105
103
48
117
2d mort
Gr.Rap. & Ind.—1st,
no
t
mm
97 V
-
96
tl03
9
97
118
Evaus.& T.H.,lst
131V
107*4
m
120V
A&O
con.,6s,1921,J&J
Vernon—1st, 6s
A&O
m
1120
Eureka Spr.—1st, 6s,jrold.l9 >3F&A
Evans.& ind.— 1st,guar.,g.,6s, 1924
1st, con., 1926
J&J
no
......
117
no
105
90
95 V 95%
Elizab. Lex.& Big 8.—6s, 1902.M&S
Elmira& W’inspt—1st Bs,1910. J&J
5s, perpetual
A&O
Erie & Pittsb.—2d, now 1st
J&J
Cons, mort,, 7s, 1898
J&J
129
Ott. C. F. & St. P., 5s, 1909..M&S
North. Ills., 1st, 5s. 1910....M&S
112
103
L25
V 'iii v
V 137
119
Denv.& Rio (l.W.-lst.Os, 1911M&S
do
assented
Denv.S.l\& Pac.—1st,7s,1905 M&N
Des M.& Ft.D.—Guar.4s. 1905. J&J
1st mort, guar., 2*2S, 1905
J&J
E.Tcnn.Va.&Ga.—1st, 7s, 1900 J&J
Divisional, 5s, 1930
J&J
Ala. Cent., 1st, 6s, 1913
J&J
E. Tanu. V. & Ga. R’y.—1st,5s,1956.
East. & W. Ry., Ala.—1st, 6s, 1926
120*2
do
58,1929
A&O
do
debent., 5s,1933.M&N
Exten. bds. 4s, 1886-1926... F&A
98
I 98*2 Chic.R.I.&Pac.—6s,1917,coup J&J
Exten. & col. 5s, 1934
J&J
112*2 114
105
....
Winona&St.Pet.—2d7s,1907M&N!
45
1st, 6s, gold, 1896
J&J 113*2
1st, 6s, gold, 1897
J&J 113*2
1st, 6s, gold, 1898
J&J 113*2
B.Joaquin, lstM.,6s,g.l900.A&O 1145a
Cal. & Oregon, 1st, 6s, g.,’88.J&J
99 3*
do
series B, 6s, 1892
109
Cal.&Or. C.P.bonds, 6s,g.,’92 J&J *107
Land grant M., 6s, g., 1890. A&O 101
102
Mortgage bonds, 6s, 1936. ..A&O 102 34
West. Pacif., 1st, 6s, g., ’99. .J&J 109*%
Charl’te Col.&A.—Cous.,7s,’95.J&J 110
2d mort., 7s, 1910
A&O 110
103
Cheraw & Dari.—IstM.,88,’88.A&O
2d mort., 7s
103
110
Cin. Leb. & Nor.—1st m. 5s
J&J
Cin. Rich. &Chic.—1st, 7s, ’95.J&J
Cin. Rich. & F. W.—1st, 7s, g... J&D
Cin. Sand’ky & Cl.—6s. 1900..F&A
Consol, mort., 7s, 1890
J&D
95
|l
108*4 no
9a V 100
Price nominal; no 1 ate transactions.
101%
77
Chic. & Pac*. Div. 6s, 1910 ...J&Jt 118*s
H.i
ioiv
do
West Div., 5s, 1921. J & J
50
96
112
Chic. & Mo. Riv. 5s, 1926....J&J
S3
101
1st mort., guar. 4s, 011 extension.
86-h
Mineral Pt. Div., 5s, 1910...J&J
Det.&B.C.lst,Ss,en.M.C.1902M&N
120
11 Chic. & L. Sup. Div., 5s, 1921J&J
Det. B. C. & Alp.. 1st,6s,1913 J&J 104%
99%
111
j Wis.&Minn. Div.,5s, 1921...J&J 99*2
1115
115
Det.G.Haven&Mil.—Equip.6s,1918
Terminlaos,
1914.
J&J
!}
1113
Dubuque Div., 1st, 6s, 1920.J&J 111*2 113
11 i 7
92V Wis. Val. Div., 1st, 6s, 1920.J&Jj loo 1105 *2
33 V
! 120*8 Det. Mack.& M.— Ld. gr. 3 Vs, S. A.
94
Fargo & South.- 6s, ass. 1921. J&J
Dub. & Dak.—1st M., 6s, 1919. J&J
Inc. conv. sin. fund os, 1916 J&J
Too' Dub.&S. City—1st,2d Div.,’94. J&J 113
85
Dak. & Gt So. 5s, 1916
J&J
Dunk. A. V.&P.—lst,7s,g..l900J&D no
30
Chicago & Northwestern—
East Penn.—1st M., 7s, 1888..M&S 160
13834
139
*2
Consol., 7s, 1915
Q—F
105*2
111
97
..
92 V
Cin.Jack. fcMac.—lst,os,1933. J&D
Cin. Laf.&Ch.—1st, 7s,g., 1901. M&S 1117
1st Mm
So. Minn. 1st Os, 1910
till
J&J 1110
Scioto & Hock. V, 1st, 7s....M&N
128*2
Balt. Short L„ 1st, 7s, 1900.. J&J
tlOO
101
Clcv. Akron & Col.—lst,6s,1926J&J §103*8
I 105
106
Gm. M., g., 5s,* 1927
M&S §97
105
Clev. Col. C. & I.—1st, 7s, ’99.M&N 120
1108
109
Consol, mort., 7s, 1914
J&D 121
9578
Cons. S. F., 7s. 1914
J&J
91
95
Gen. con. 6s, 1934
J&J 107
i 86
88
Belief. & Ind. M., 7s, 1899...J&J no
955s
Clev. & Pitts.-^ttli M.,6s, 1892.J&J 105
till
112
Consol. S. F., 7s, 1900
M&N
t
Clev.&M. Val—1st. 7s,g.,’93.F&A
1115
116
Colorado Mid.—1st, 6s. 1936..J&D
tlOB
107
Columbia & Gr.—1st, 6s, 1916. J&J 102V
74 V
t 90
91
2d mort., 6s. 1926
A&O
till
113
Col. & Cin. Mid.—1st, 6s, 1914. J&J
tiloV 117
Columbus Hocking Valley & T.—
70 V
105*4 105*2
Con. 5s. 1931....
M&S
102*2 10 3
Gen. 6s gold, 1904
J&D
tl24
12)
Col.&Hock. V.—lstxM.,7s,’97. A&O ti'09
1105*4 1053;
do
2d M., 7s, 1892. J&J tl03
114*4
*120
121
Col. & Toledo—1st mort. bonds
flOO
102
do
2d mort...,.
..
109
9 7*2
7s,’92..J&D
1117
Indianapolis C. &L., 7sof’97..
Ind’apolis & Cin., 1st,7s,’88.A&O tlOO
€9
68
23
80
1st, $, gold, 7s, 1902
J&J
La. C., 1st M., 7s, 1893
J&J
I. & Mm 1st M., 7s, 1897
J&J
Fa. & Dak., 1st M., 7s, 1899. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
do
5s, 1910....
J&J
Chic. & Mil., 1st 31.,7s, 1903.J&J
1st mort., consol.. 7s, 1905..J&J
*24*'
112
Cin. & Indianap., 1st.,
2d M.. 7s, 1837-92
Ask.
30
Inoome 6s
Chic. & East Ill.—1st mort. 6s, 1907
Income bonds, 190?
1st, cou., 6s. gold, 1934
A&O
Chic. & Gr. Trunk—1st mort., 1900
Cli.& End.Coal R’y,lst 5s, 1936 J&J
Chic. & Mich. L. S. 1st 8s, 1889....
Chic. Mil. & St. Paul—
P. du C. Div., 1st, 8s, 1898. F&A
P. D., 2d M., 7 3-lOs, 1893 .F&A
115
65
25
106
81
102
136
Central KR. of N. J.—
1st, 7s, 1890
F&A
7s, 1903.J&J
5s. 1901
113*2
A&O
J&D
2d. 6s, 1923
Chic. B. & Q.—Cons.,
103
Catawissa- Mort., 7s, 1900... .F&A 121
Cedar F. & Min.—1st, 7s, 1907. J&J
80
*8*8"
Cedar R. & Mo.—1st, 7s, ’91... F&A 1104 *2 106
1st mort., 7s, 1916
130*2
M&N 130
2d mort., 7s, 1909, quar
117
J&D *114
Cent. Br. U. Pac., lsts,6s,’95.M&N 104*2
Fund, coupon 7s, 1895
M&N 105
Atch.& Pike’s P k, 1st. 6s, g. M&N 102
Cons., gold, 6s, 1924
Louis’aA Mo.R.,lst,7s,1900F&A
do
2d, 7s, 1900 M&N
St.L. Jacks’v.& C., 1st,7s,’94. A&O
do 1st guar.(564) ,7s,’94A&O
do 2dM. (360), 7s, ’98.. J&J
do 2d guar.( 188) 7s,’98. J&J
4s, (Neb.), 1910... J&J
103
Neb.RR,lst,7s,’96A&0
Om.& S.W.,lst,8s,J&D
Ill. Grand Tr., 1st. 8s, ’90...A&O
98
Dixon Peo.&H., 1st, 8s,1889. J&J
1083*
Ott. Osw. & Fox R., 8s, 1900. J&J
tl09
109*2
Quincy& Wars’w, 1st, 8s, ’90.J&J
Atcb’n & Neb.—1st,7s,1907 M&S
1106 108
102
100
Ohio. Burl. & Nor.—5s, 1926
101
103
Debent. 6s, 1896
..J&D 1(0*2
35
till
111*2 Chic. & Can. So.—1st, 7s, 1902 A&C
93
1123* 113
Chic. Kan. & West’11.—1st, 5s, 1926
Cape Fear & Yad. Val., 1 st,6s, 1916..
Carolina Cent.—1 st,6s,g.,1920. J&J
Collat’l trust 5s, 1^37
107
119
117
114
114
113
112
Mi88.Riv.Bridge, lst.,s.f.,6s,1912
Bid.
Railroad Bonds.
Chic. & Alton—IstM., 7s, ’93.. J&J HIV
126
Sterling mort., 6s, g., 1903.. J&J 1124
124%
Bds. Kan. C. line,6s,g.,1903.M&N 124
118
Bufl.N.Y.&Erie—1st, 7s, 1916. J&D
Buft.N.Y.& Ph.—1st,6s,g.,1921.J&J
Pitts. Titusv.& B.t—7s, 1896F&A
Oil Creek, IstM., 6s, 1912. A&O
Union & Titusv., 1st, 7s,’90. J&J
Warren & Fr’kln,lst,7s,’96F&A
Buft.& Southwest.—6s, 1908.. J.&J
Bor. C. R.& N.—1st,5s,new,’06. J&D
Cons. 1 st & col. tr., 5s. 1934.. A&O
Minn. & St. L., lsr. 7s, guar. J&D
Iowa C. & W., 1st, 7s, 1909 MAS
C. Rap.I.F.& N., 1st,6s, 1920.A&O
do.
1st, 58, 1921
A&O
Califor. Pac.—1st M.,4*28, g.. .J&J
2d M.. 6s, g.,end C. Pac., ’91.J&J
3d M. (guar. C. P.), 6s, 1905. J&J
do
do
3s, 1905. J&J
Cal.So.—1st cs (Atch. guar )..J&J
Income 6s, 19-6
M&S
Camden & Atl.—1st, 7s, g.,’93..J&J
2d mort., 68, 1904
A&O
Cons. 6s, 1911
J&J
Canada So.—IstM.,guar.,1908.J&J
2d mort., 5s, 1913
..M&S
2d, ino., 6s, 1915
3d, inc., 6s, 1910
A&O.
6s. 1911
123
123
Maine—78,1893
J&J
7s, 1894
j&j
Boat. & Providence—7s, 1893.J&J T1 13
Bost.& Revere B’h—lst,6s.’97. J&J 1112
Bradford Bord. & K.—1st, 6s, 1932
Bradf.Eld.& Cuba—lst.6s, 1932J&J
Brooklyn Ele.—1st. 6s, 1923..A&O
2d mortg, 3-5s, 1915
J&J
98
Buft. Brad.& P.—Gen.M.7s,’96. J&J
...
22
91
68, currency, int. def.. 1918..J&J
101
H‘9
111
:io7
100%
1110
mov
Best. Ccnc.&Mon.—S.F.,6s,’89.J&J tl00*4
Consol, mort., 7s, 1893
A&O 1107*2
Consol mort., 6s, 1893
A&O 1102*2
Boat. Hart.& E.—1st, 7s 1900. J&J
1st mort., 7s, guar
j&j
Bost.BLTun.&W. deb. 5s. 1913 M&S
Boston & Lowell—7s, ’92
A&O t103*4
6s, 1896
5s, 1899
4s, 1905
117
116
121
120
99 V 101
80V 81
26*4 27
95
loov
23
25
30
40
100 V
108
108V
Atlantic* Pac.—1st 4s, 1937..J&J
W. D. Incomes, 1910
J&J
Baltimore & Ohio—New 4s
58 gold, 1925
East Side 5s, 1925
Ones. & Ohio—Pur. money fd.,189S 107V
Series A, 1908
A&O 100V
114*4’
M&N II 67
60, gold, series B
65 V
113
Extended 4s, 1986
M&N
Ask.
120
tH4
Atlanta & Charlotte Air L.—1st,7s
BONDS— Comtixubd.
Pa»e of Quotations.
Bid.
Ask.
Bid.
Railroad Bonds.
31
CHRONICLE.
U Coupon off.
99
30
tin.
$ In Amsterdam.
52
I HE
32
QUOTATION'S Ob1
(J-EN'ELiA.Li
|
Bid.
Ask.
!
118*0
119k!
Bid.
Ask.
95
120
120
105
125
Railroad Bonds.
A&O i
2d mort., 7s, extended
.J&J
..MAH ! 117*4
107
1st consol. 7s, 1915
J&J
Harris. 1\ Mt. J. & L.—1st, 4s.. 1913
1 st.cons.. Tenn. lien, 7s, 1915 J&J 12*6"
98
1903
Hart. & Conn. West.—5s
!
7 5
68
Gold, 6s, 1924
....J&J ICO
Ho’Ht.E.&W. Tex.—1st,7s,’98.M AN i
Motrop’n Elev.—1st, 6s, 1908, J&J
2d, 6s, 1913
J&J
iiT’ 114*2 i 2d 6s, 1899
M&N 105
H.& Tex.Cen—1st ra.,7s,gunr.l891
72%
!
West. Div., 1st, 7s, g., 1891.. J&J 1 1 3 *2 114*2 jiMexican Cent.—1st, 7s, 1911..J&J
65%
1 113*4
Scaled 4s, 1911
J&J
Waco & N. W.,lSt,7s,g.,1903.J&J
65
no
Bond
j
scrip
|
100
Cons. mort.. 8s, 1912
A&O
17%
(.5% 70
Incomes, 1911
Gen. inort. 6s, 1921,Tr. roc.A&O
96
106
Debenture
1890-95
A&O
10s,
jl
Hunt. & Br. Top—1st, 7s, ’90..A&O
95
q
Scrip 10s, 1889
J&J
2d inert., 7s, g., 1895
F&A 113
40
,|
ICO
Mexican
6s,
Nat.—1st,
1912
..A&O
Cons. 3d M. 5s. 1895
A&O
9 L
iio
New
1st
mort.
6s
;
‘
Illinois Cent.— 1st Chi.&8pr.’98 J&J
127
H Mich. Cent.—Consol, ,7s, 1902.M&N
105
103
1st, gold, 4s, 1951
J&J
95
92 *t
|! Consol. 5s, 1902
M&N 110%
Gold, 3%8, 1951
I&.I
103%
1st M. on Air Lino, 8s, 1890. J&J
Middle Div. reg. 5s, 1921... F&A 112
-|
10 2
;;io8 no i! Air Line, 1st M., Ss, guar.. .M&N
M&S
!;m 113 I 6s, 1909
108
1
5s, coup., 1931
MAS 106
Bteriing, 5s. 1905
J&D 1106 nu
| Kalamazoo AS. H., 1st, Se,’90.MAN 1U1*2
Cbic.8t.AN O.—1st con. 7e, 1897. 114*2
!
J.L.&Sag.NorthExt.,8s,’90.MAN
J AD
2d, 6s, 1907
I
do
Cons.lstM.,8s,’91.MAS 100*2
Ten. lien, 7s, 1897
MAN 114*4
115
116*2:1
do
6s, 1891
M&S 104%
5s, 1951, gold
JAD
118
Did. Bl.&W.—let, pf.,7s, 1900JAJ 110*4 120*2 M Joliet & N.Ind.,lst,7s (guar.M.C.)
90
Mich. & Ohio—1st, 6s, 1923 ..M&N
98
‘•1
Midd. Un. & Wat. Gap—1st mort..
2d mort., 5-6,1909. Tr. rec.AAO
75
2d, 6s, sold. 1923
flan. & St. Jo.—Con. 6s, 1911
130 >TD8—Continued.
First Pa^e of Ciuotattous.
i OV
119
'
fVoL. XIAT.
SL'OO&S ANTD
Explanation** See Notes at Heal of
For
Railroad Bonds.
CHRONICLE
•
.
....
21
Income, 1921, Tr. roc
East.Div., 6s,1921,Tr. rec... J&D
......
In d. Deo. ASp.—1st, 7s, 1906. A AO II102
21 mort., 5s, 1911
JAJ
2 i, Income, 1906,Tr Co. cert.JAJ
New 1st mort. Qs, funded
1112
Ind’polie A St.L.—1st,7s, 1919.Yar.
Ind’ap >lisA Vin.—1 st,7s,1908.FAA
2d uiort.. 6s. g., guar., 1900.M AN
Int.&Gt. North:—1st, 6s, 1919. MAN
MAS
Coup. 6s, 1909
Ionia A Lansing—1st 8s,’89. ..JAJ
Iowa City A West.—1 st,7s,1909M AS
I 'a Falls A 8. C.—1st, 7s, 1917. A AO
91
......i!
1st, incomes
P. E. &Gr. Tr’k, 1st, guar.. 6s.
103*s
& No—1st, 6s, 1910.. .J&D
no
109
(I 1st, 6s, on extension 1913..J&D
!
75
Minn’p. & St.L.—IstM., 1927. J&D
105
U03
M., Iowa City&W., 1909.J&D
j 1st
2d mort., 7s, 1891
J&J
South west. Ext., 1 st, 7s, 1910 .J&D
1129*4 129*2
100
Pacific Ext., 1st, 6s, 1921.. A&O
120
115
4s,1903.J& D
N.Y.Ont.&W.—lst,g., 6s, 1914M&S
139%
116% N.Y.Pa.& O.—1st, inc.,acc.7s,1905
do
105%
prior lien,inc.ac.,5-6s,’95 1169
74
2d mort. ine
3d mort. inc
Leased L. rental trust, per deb. 4s
West. ext. certifs, 8s’, 1876..J&J
do
do
7s, guar. Erie
N.Y. Phil. & Nor.—1st, 1923 ..J&J
Income, 6s, 1933
:
AAO
66
66
18*2
97
96
42
92
129
;N.Y. Susq. & TV.-Deb. Gs, ’97.F&A
1st refund., 5s, 1937...
J&J
2d mort., 4%s, 1937
F&A
104
Midl’d of N. J.—1st,6s, 1910.A&O
N. Y. Wood.& Rock , 2d inc. 1912..
103
;Norf’k&\V.—Gen’l M.,Gs,1931 M&N
New River 1st 6s, 1932
.A&O
Irupr. & Exten., 6s, 1934
F&A
Adjustment 7s, 1924
Q.—M.
Conv. deb., 6s, 1894
J&J
Norf’k&Petersb.,2d,8s, ’93. J&J
So. Side, Va.. ext. 5-6-8s,’88-1900
108*2
114
119
70
*85
95
K.C.Ft.ScottA G.—1st,7s,1908 JAD 1115
1115
Pleas. Ilill A De Soto, 1st, 7s, 1907 1115
Kansas C. Lawr. A So. 1st, 6s. 1909 11)4
11-14
90
Kan. C. M. A B.- 1st, 5s, 1927.MAS’
50
i 118
K.C.St.Jos.A
l1*
6
116
LIS
Kanawha A O.—1st cs. 1936 J AJ
Kan. C.Clint’n A Sprimdield—Is,5s
,
K.C.Spr.AMem.—lst,6s,1923.M&N
Bnfl.AE.,
new bds, M.,7s,’98.AAO
Bnff. A State L., 7s, 1886....JAJ
Det.M on. A Tol. ,1 st,7s,l 906. FAA
Kalamazoo Al. A Gr.R.,1st,8s. JAJ
! St.
|J Mil.
Minn. & N. W.—1st. 5s. 1934..J&J
9
_
*
Imp. & Equip. 6s, 1922
J&J
Minn’p. & Pac., 1st, 5s. 1936. J&J
Minn. S.Ste. M. & Atl.—1st,5s, 1926
Miss-.&Tenn.—1st M.,8s,series “A’
Mo.K. &.T.—Cons. 7s.. 1904-6.-.F&A
Consolidated 6k. 1920
J&D
Consolidated 5s, 1920
J&D
2d mort., income, 6s, 1911..A&O
114*2
90*4
118*2
110% ill 1
69*21
1st, 6s. g., 1899. (U. P. S. Br.)J&J
Han. & C. Mo., 1st 7s, g.,’90.M&N
.
107%:! Mo.Pac.—1st mort.,6s,gld,’88, F&A
107
Toiv
Consol. Cs. 1920
2d mort., 7s, 1891
Car. B., 1st mort., 6s, g.
3d mortgage, 7s, 1906
}.
102
1
110*2
-|j
H
119
2d mort., 7s. 1910
MAS
Gen. M.,s. L, Cs, g., 1923
J&J >
L. Miami—Renewal 5s,1912..MAN
L RockA Ft.S.—lstj.gr.,7s ’95.JAJ
Long Island—1st M..7s, 1898.MAN
lfit consol. 5s, 1931
Q—J
Newtown A FI., 1st, 7s, 1891
N.Y.AMan. Beach. 1st 7s.’97,JAJ
N. Y. B. A M. B.,lst con. 5s, 1935
Lou’v.C.A Lex.—1st,7s,’97 JAJ (ex)
2d mort., 7s, 1907
...AAO
2d mort., 2-6s, 1936
AAO
Louis. A Nash.—Cons. 1st, 7s, 1898.
Ceoilian Br., 7s, 1907
MAS
Leb.-Knoxv. 6s, 1931
MAS
Louis. Cin. A Lex., 6s. 1931.MAN
Mem.A 0.,stl., M.,7s, g.,1901JAD
M. A Cla rk sv. ,st’g,6s.g.,1902 FA A
N. O. A Mobile. 1st 6s, 1930.JAJ
do
2d, 6s, 1930.... JAJ
Pensacola Div.,1st,6s, 1920..MAS
Ft. Louis Div.. 1st, 6s, 1921. .MAS
do
2d., 3s., 1980.MAS
Nash. A Dec., 1st 7s, 1900...JAJ
E. H. A N., 1st Cs, 1919
JAD
Gtn 1 mort., 6s, 1930
JAD
So. A No.
Ala., S. F. 6s, 1910 AAO
Q—M
'len-forty 6s. 1924
MAN
50-year gold, 5s, 1937
MAN
Pensa. A Atl.—1st,6s,gu,’21.FAA
L’ev.N.A.A Chic.—1st,6s,1910. JAJ
Truer bonds, 6s, 1922
Con. iron. 6s, 1916
AAO
Lo’isv.N .O. A Tex.—1 st ,4s, 1931 I\I AH
2d n on., t s, 1934
MAS
Maine Cent.—Mort. 7s, 1898... JAJ
i
j. Mobile & Onio.—
lstpref. debentures
Morg’n’s La.&Tex.,1st,6s, 1920J&J
A&O
7s, 1914 M&N
110
F&A
109
Bonds, 7s, 1900
J&J
i2i
120
!!; General mort., 7s, 1901
A&O
110*2 111*2;' Consol, mort-.,7s, 1915
J&D
1UO
Nashua & Lowell—6s, g., '93.F&A
105
Il 5s, 1900
:
....i Nashv.Cli.&St.L.—1st, 7s, 1913 J&J
115
114
!
2d mort., 6s, 1901
J&J
118
117
Nasliv.& Deeatur—1st,7s,1900. J&J
129
112
no
,
\
f>
52*2
:*94
115
105
1
M&S
1905
Northeast.,S.C.—1st M.,8s,’99,M ViS
I
2d mort., 8s, 1899
M&S
Northern, Cal.—1st, 6s, 1907..J&J
•
Northern Cent.—4% per cent..J&J
3d mort., 6s, 1900
A&O
Con.mort.,6s, g.,coup., 1900.J&J
Mort. bds., 5s, 1926, series A J&J
series B
do
Con. mort, stg. 6s, g., 1904...J&J
....
....
i
1st mort., 7s, 1918
;■ Morris & Essex—1st,
l! 2d mort, 7s, 1891
*
62*4
62%
no" i*i*8*‘
no
r\
1«>
07
i
i
2d mort. exten., 5s, 1919 ...M&S
3d iuort. ex. 4%s, 1923
M&S
4th mort., ext., 5s, 1920.. ..A&O
5tli mort., 7s, 1888
1st cons. M., 7s, g.,1920
J&D
Gs, 1969
Collateral Tr. 6s, 1922
M&N
Fund. 5s, 1969
J&D
1st coni, fund coup.,7s,1920 MAS
New 2d
;
\
J&D
M&S
eons.
Reorganizat’n 1st lien, 6s, 1908
Gold income bonds, 6s, 1977
Long Dock mort., 7s, 1893..JAD
do
eon. g., 6s, 1935 ..A&O
! N.Y. & Noi ta
1 st g.08,1927. A&O
‘VI
i
obi
s.
1927
Ta D
8%
3
1 88
1 50
1 50
90
15
55
99
50
40
4
t
91
99%
*9*3*"
%
73
109%
in‘%
110
93
1L2
101% 104
87
121
i*05 ‘
HO
100
!
117
118*4
L30
128
120
1(9)
118
118
......
no
111
110
112
105
103%
116*4 117
103*4
105% 105%
106
......
104
101
113
103
.
1
.
119
;j3
.
Ogd’nsb’g&L.Ch.—1st M.6s,’97,JAJ
102% I Sinking fund, 8s, 1890
MAH
95% 1 Consol, ,6s, 1920
A&O
96
-
Income, 3s & 6sl920
'
1*9 % 1*0*2*"
99% 102
112
100
104
114
102
105
37% |
40
Ohio Cen.—Riv. Div., 1st, 6s.. 1922
47
Income, Cs, 1922, Tr. rec
20%
Miss.—Cons.,s.fd.7s,’98 JAJ 1 L45e 118
7s, ’98
JAJ 114%j.....
j
2d mort.,7s, 1911
A&O 113^8 ;....
io8% 110
1st gen
5s, 1932.
JAD
11
102
1st mort.,Sprin.gf.Div., 1905 MAN IOC1* iua
104
105*2 1 Ohio River RR.—1st. 5s, 193CM&D
1
71
98
100
Ohio Southern—1st 6s, 1921...J&D
'i
101*2
30 V
2d income, 6s, 1921
121
.-1 Old Colony— 6s, 1897
112*3
F&A 1112
138% 142% j 6s, 1895
110*3
J&D 1110
110*4 I 7s, 1894
114*4
M&hj 1114
113
118
4%s, 1904
AAO, 1 1023; 103
1 Ohio &
Cons, mort.,
,
.
125
;!
L27
132% 133
1
107
104 V
129
i
109
106
Bost.C.&Fitchb ,lst,7s,’S9-90J&.J, i 103
B. C. F. A N. B., 5s, 1910 ..JAJi 1107
N. Bedford RR., 7s, 1894 ..J&J 1110
7t*4
Omaha A St. L.— 1st, 4s, 1937. ..TAJ i
Orange Belt—1st mort., 6s, 1907...
130*2'
101*2 107
JAJ. ;t05
j
j Oreg.&Cal.—1st 6s, 1921
2d mort., 7s
.
i
(*
J&J
Riv.Val.—1st,.g.,6s.’36J&J
Spokane & Pal.,1st 6s, 1936.M&N
Dividend scrip
James
£t.P.& Nor. Pac. gen.6s.1923.F&A
Helena& Red Mt.lst,6v 1937M&S
......| Dul. & Mail.. 1st.
6s, 1936...J&J
ib’d
Hel. B. Val. & B.,lst,6s,1937M&.N
102% 102
;
Drum. & Pet., 1st. 5s, 1937..JAD
1 |
111%
HelenaANTth — lst.5s.1937. J&D
104
i North. Pac. Ter. Co. —1 sr,6s,’33. J AJ
ll Norw’h&Worc’r—1st M.,6s.’97.JA.)
......
129
105
111
111
1
72
..
.
Northern, N.J.—1st M.,6s,’S8.J&J
102%' North. Pac., P. D’O Div.—6a, MAS.
96
Mo. Div. 6s, 1919
M&N
101
1 Gen’l 1. g., 1st, 6s. 1921
J&J
[ Gen. land gr.,2d, Ga, 1933...A&O
71
7%
1
New loan, 6s, reg.,
106% i
_____
♦Price nominal: no late transactions.
101
98
100
105 %
104% 105
125
97% 100
Va.& Tenn., 4th M., 8s, 1900.J&J
do
extended 5s,1900.J&J
North Carolina—M., 8s. 1888.M&N
North Penn—1st,7s, 1896....M&N
Gen. mort., 7s, 1903
J&J
1
95
116%! 118
Natchez Jack. & Col.—1st, 7s. 1910
51*2 52
New’kS’set&S.—1st. 7s, g.,’89.M&N
119% 121% N’burgh&N.Y.—1st M. 7S.1888.J&J
ioi
110
108
N. J. Junction, 1st, 4s, 1986..FAA
96
New Jersey & N. Y.—1st mort —
108%
N. J.Southern—1st M.,now 6s. J&J
*9*9
1*2*2
N. O. & Gulf.—1st, 6s, 1926..M&N
J11:0
1 i 8
*115
N. O. & Northeast.—Prior 1.6s. 1915
i08V N.Y & Can.—£ M., 6s, g., 1904.M&N ; *1*1*2 '
lc8
96% N. Y. Cent. & Hud. R —
loo
Extended 5s
M&N 101*4
132 >
110
i
Mort., 7s, coup., 1903..,.
J&J
57
Debenture 5s, 1904
M&S lOs^H
lib *2
Sterling mort., 6s, g., 1903...J&J ;ri24
86 *2
113
N.Y.Chic.& St.L.-New 1st,Is,1937
115
Ill
110
N. Y. Elevated—1st M., 1906.J&J
30
105% 106
N. Y. & Greenw’d L.—1st M. iuc. 6s
5
108%
2d mortgage income
100
N.Y.&Hariem—7s,coup., 1900.M&N 129
98% 99% N.Y. Lack.* W.— 1st, 6s, 1921. J&J 125%
95
F&A 10 7
2nd, 5s, guar., 1923
113
no
N. Y. Lake Erie & Western —
91*2
j 1st mort, 7s, 1897, ext
M&N 118
(105*2
1109
^
120% j
92
113
101*2 102
106
Debenture, l’s 10-20
FAA 104
Man.Beach Imp ,lim.,7s, 1909,M AN
Marietta Mm.- lsi. 6s, 1915.MAN'! i777777 95
Mauj’Ut iio.A O.—Mar.aO.,8s, ’dl 109% 111
101% 102
oe, 1908
98
97%
6s, 1923 (extension)
JAD
’
78
40%
111
102 % 105*3
2d M.,ext.5-6s,’88-1909 102
108**
3d M.. 6s, ’96-1900.J&J 1105
do
do
ioi
120
42%
2d prof, debentures
3d pref. debentures
4th pref. debentures
New mortgage, 6s, 1927
J&D
Collateral trust 6s, 1892
JaJ
1st extension 6s, 1927
Q—.1
St.L.&Cairo—4s, guat\, 1931.J&J
j
1U3
130*2
136
(109
Or
......
i
120
Exten. bonds, 6s, g., 1900... A AO (106
Cons. 7s, 1912
AAO (127
Androseog. A Ken., 6s
J&J
’93..A&O
M&N
Mobile & Birin.—1st. 5s, 1937
.
......
98 q
M&N
Leroy & C. Val., Is ,5s. 1926.J&J
120*2
i
Lehigh Val.—1st,6s,coup.,’98.JAD
J&j
8s, series “ B”
Kal.A Wh. Pigeon,l8t,7s,’90..JAJ 103*
|i
Dividend bonds, 7s. 1899... A AO 119
!
V
!
125
L.S.AM. S.,cous.,cp., 1st,7s.JAJ 125
125*2 j
do cons.,reg., 1st,7s,1900. Q—J 125
i
do cons., cp., 2d,7s, 1903..J AD 122
122 *t j
do cons.,reg.,2d, 7s,1903. J AD 122
Mahoning Coal HR. 1st, 5s. JAJ
JLawrencc—1st mort., 7s.1895.FAA
108
1
Junction (Phil.)—1st,4%s 1907 JAJ
Ken. Cent. Hy.—Gold 4s, 1987.JAJ
Keokuk ADes M.—1st. 5s, guar. A AO
Knoxv. A Ohio 1st. Gs, 1925...JAJ
Lake E.A West.—1 st,g.,5s, 1937J AJ
Lake Shore A Mich. So.—
Cl. P. AAsli.,new7s, 1892..AAO
I
*3*5
Jefferson—1st mort., 7s, 1889. JAJ
Jeff Mad.A Did.—1st, 7s,1906.A AO 1113
2d mort.. 7s, 1910
JAJ 1116
C.B.-M.78,1907. JAJ
2d mort. 5s, quar. N.Y. S. & W...
Mil. lake Shore & Western—
1st mort.. 6s, 1921
M&N
j
Conv. del). 5s, 1207
F&A
Mich. Div., 1st, 6s, 1924
J&J
1] Ashland Div., 1st 6s, 1025..M&S
..F&A
2d6s (scaled to 3s)
N. Y. N. H. & H.lst r.
A*k-
121% 122
111
111%
102 ° 102%
92% 94
103
108
1*09
N.Y.&.N.Eng.—1st M., 7s, 1905J&J
1st M., 6s, 1905
J&J
2d m.,6s, 1902
F&A
......
19
Bid.
Railroad Bonds.
112
105
lul
105
j
101
10*5
j
114
|
j
....
.!
126
j
86%
116%
Sinking fund sub., 6s, 1910.MANj
Subsidy bonds, Eng. issue, 6s
’ 199 ’
131
Penn. RR,—Gen. M, 6s,cp. ,191OQ—J
Cons, mort., 6s, 1905
Q—M 120
Collateral trust, 4%s, 1913.. .1 & I >•
Consol. 5s, 1919
Penn. Co., 6s, reg., 1907
O.—J
1st M.,4%s, 1921/JA.l lu >
do
Penn.& N.Y.Can.—1st. 7s, ’90.JAD 113
1st mort., 7s, 1906
JAD
Pensacola A. Atlantic-1st in.. FAA
loo
Peo. Dec. & Ev.—1st. 6s, 1920. J&J
2d mortgage, 5s, 1927
Evansville Div.,1st 0s,1920.Mah
Peo.& Pekin Un.—1st,6s,1921.Q— F no
2d mort. 4%s, 1921
Q—F
1 Perkiomen—1st M., 6s, 1887..A&O 103
7% I
123
117
108
114%
......
Cons, mort., 6s, 1913, sterling
: 90
J&J lb 6
Petersburg -Class A, 1926
A&O 104
||I Class B, 1926
Pliila. & Erie—1st M.,7s, 1888. J&J
jl Gen. M.. guar., 6s, g., 1920. .J&J :i26
j
......
| j
1
•
|
111
ii*i*% ’
j
Purchaser also pays accrued interest.
10
51
i 13
1*0*5%
93
1LO
Consol. 5s. 1920
A&O
Sunbury&Erie, IstM.,7s.’97.A&O
Phila. & Read’g— 1st, 6s, 1910.J&J
2d, 7s, ’93
A&O
......
j
-V;
1
J&D
Consol, mort., 6s, 1911
106
73
ib*6
-
•
105
L05
128
111
122
111*4 112%
129
118
102
J&J
JAJ
J&J
M&N
GenT mort., 6s, 1908
Gen’l mort., 7s, 1908
Convertible, 7s, 1893
Cons. 5s, 1st series
Cons. 5s, 2d series
t In London.
U Coupon oft.
F&A
c.
*
73%
i
102
102
46
...
106%
U6
133
121
113
......
97*2
131
it 5
’ ioi"
JaDJ
107% ;
102
i*3*0
93*3
j|
130
127
101
104
|107
......
1
34
112
136
93%}
Oregon A Tran scout.—6s, 19 22.M&N
Osw.&Kome— 1st M., 7s. 1915.MAN; 1122
Panama—Sterl’gM.. 7s. g. ’97.AAO! 1103
ioi’* |
105
110
113
77
100
o
120
L04
108*% 103%
109
113
76
74%
In Frankfort.
76
January
I HE
7, 1883.]
GENERAL
Bid.
R vilroad Bonds.
BONDS—Continued.
QUOTATIONS OB’ STOURS AND
Explanation* See Note* at HsaA
For
33
CHRONICLE.
Ask.
of First Pa»e of Quotation*.
Bid.
Railroad Stocks
Bid.
Railroad Stocks.
Ask.
Boston Revere Beach A Lynn.. 100 155
Tax. Cent.—lst,sk.fd.,7s,1909MAN
41
70
CO
Brooklyn
Elevated., new
let mort., 7s, 1911
MAN
1123.4
112*4
Brooklyn A Montauk
100 10
100
♦90
Texas A New Orleans-lstJs.FAA
20
Scrip for 6 deferred 4 coupons ..
100
do
Pref
100
19
21
8abine Riv.. let, 6s, 1912...MAS
Referred income...
-• - -■Buff.
N.
Y.
A
Erie,
leased
100
108
Tex. A Pac -lstM..6s,g.,1905.MAS
80% 81
Income mort., cons. 7s, 96, J&
98 4 994 BuffaloN. Y. A Pkila.,aes.pd... 50 $
Cons. M.,6s, g. 1905.tr. reo. JAR.
Coal A I., guar.,7 s.’92,ex-cp.M&S
47 7h
do
do
Pref... 50 v
47
102
104
Ino. and land gr., reg., 1915. July
48
Fhila.Wil. A Balt.—6s, 189a... AA(
Buffalo Rochester A Pittsb
100
65% 66
RioGr. Div., 6s, 1930, Trust ree.
1104
107
59
Burlington C. Rapids A North.. 100
Gen.M. A ter. 6s,1905.tr.rec. AAO.
1103
104
4
5s, 1910
76
California Paeitic
N.O. Pac.. 1st,6s,gold, 1920.JAJ II 75
99*4 100
444
Trust certs., 4s, 1921
87
California Southern..
100
85
Tol.A.Ar.AN.M.—lst,6s,
1924.MAN
Pine Creek- 6s, 1932
105
Camden A Atlantic
50 § 10
Tol.A.A. <v Gr.T., 1 st,6s, 1921 .JAJ 101
118**
..10va
Pittsl).C.& St.R.-lst,/8,1900.1 A A
Pref
50 $ 40
do
934 934
Tol. A Ohio Cent.—1st, 5s, gu.1935
107
654
Pittsb.Cl.A Tol.-lst, Os, 1922 A&0
Canada
Southern
100
80
Tol.PeoriaAW—
lst.7s.1917,
tr.rec.
117
62
Pittsb. ACon’ll8Y.—lstM.7s, 98.JA.J
Canadian
Pacific
lOo
85
91%
Tol.
1*3*1
♦129
St.L.AK.C.,lst,6s,1916...JAR
§
12
Sterling cons. M. 6s, g.,
Catawissa
50
United Co sN.J.—Cons.,6s,’94. A AO
Pittsb.Ft.W. & C.—1st,7s,19121 ar 138*
do
1st pref
103*4 103%
50 6 544
do
i3 6
138
1923
gen.
4s,
FAA
2d mort., 7s, 1912
do
2d pref
50 5 53
130
Sterling mort., 6s, 1894
MAS ♦109 111
3 d mort., 7 s, 1912....... -.
Cedar Falls A Minnesota
100
122
♦119
do
MAS
6s,1901
Pittsb. MoK. A Y.—1 st.6s,1932. JAJ
Central of Georgia
105
100 120
0
Cam. A Arab.,mort., 6s, ’89.MAN
67
74
Pittsb. & West.—1st, 4s. 1917..1&D
Central
Iowa
100
112%
Union Pacitic-lst, 6s, g.,1896. JAJ
108
PortrndAOgb’g-l8l0s,g.,1900JA, 105
do
1stpref
100
105
1st. 6s, 1897
J&J 113
Port Royal A Aug.—1st, 6s, 99.
2d pref
do
100
113%
1 st, 0‘s, 1898
40
.JAJ 113
214
Income mort., Os, 1899
-"“L
Central Massachusetts
100
110
1414
1st, 6s, 1899
.J&-1 1134
414
Ren.&S’toga—1 st 7s,1921 cou .MAN
do
103
pref... 100
Land Grant, 7s, 1887-9
60
AAO
57*2
76
Kick’d & Allegh—1st, /s, trustrec.
Central of New Jersey
100
Rink. F.,8s, 1893
MAS 118*4 119
45
2d mort., 6s, 1916..-..--* •
Central Ohio
50
125
On). Bridge, sterl. 8s, g., ’96.A AO ♦120
i’uL
50
Rick’d & Danv.-Con.,6s, 90..MAN
do
Pref
50
108
109 4
Collateral trust, 6s, 1908 ....JAJ
31
General mort., 6s, 191 o
JAJ 100 109
Central Pacific
100
Collateral trust, 5s, 1907....JAR
20
Rebeniure, Os, 1927
Charlotte Col. A Aug
100
71
Kans.Pac., 1st, 6s, 1895...-FAA 1114 112
3
Con. gold, 5s, 1930...
AAC 100 101
111
1094
Chesapeake
A
Ohio,
common
..100
do 1st M., 6s, 1896
JAR
7
Piedmont,Br., 8s,
do
1st
114
pref...
100
do
Renv. Riv., 6s
MAN
0
Rick.Fred.& Pot.-M.7s,’81-90J&3 1*25
do
2d
102
pref....
100
do 1st cons. M.,6s,1919 MAN
120
119
Rick. & Petersb., os, 191 o...-MAN
Cheshire,
10
L
pref
100 130
Oregon Short-L., 6s, 1922 .. FAA
New mort.. 7s, 1915>
90
Chicago A Alton
100
118
Utah Cen.—1st M., 6s, g.,1890. JAJ
117
6
Richmoud York Riv. & Ckes., 8s...
94
Chicago A Atlantic Beneficiary
Utah So., gen., 7s, 1909
101
105
JAJ
624
2d mort., Os........
Chicago Burlington A North.. 100
92% 9*4
do ext,1st,7s,1909JAJ
87*41 88
1274
Ricli. A West Pt.Tor., Os, 1897. FA A
!
Chicago Burlington A Quincy.. 100 115
Utica ABl’k R.—Mort., 7s,’91.JAJ f 105
117
Rock. APittB.. 1st, 0s.l921-.-FAA
Chicago A East Illinois
1124
Valley
of
Ohio—Con.
6s,
1921.MAS|
5
Consol. 1st, 6s, 1922
.
...J&D
109
Ver. A Mass.—Guar. 5s, 1903 MAN 107
j Chicago A Grand Trunk
40
do
income. 1921.......
80
Chicago A Ind. Coal Railway
Mer.—New
mort
95
Vicksb.
A
1st
96 4
Rome A Carrollt.-lst, bs g.,1. 16
do
do
pref
45
2d mort
74 4
Rome ADec.-lst., 6s, 1920
J&D
6
7
Chicago
Milwaukee
A
St.
Paul.
100
3d
mort., income
112 4
RomeWat’nAO.—S.F.,7s,1891.J&D io*7%
do
pref.,
7.100
♦107
109
Vicksb.
Sb. A Pae. Prior lien, 6s.
107
106
2d mort., 7s, 1892.
.--. —-J&J
100 139
Chicago A North Western
Va.Midland— 1st ser.,6s,1906.MAS 117
102
101
Consol., 1st ex. 5e, 1922....AAO
do
7..
100
Pref.,
115
2d series, 6s, 1911
107
1074
MAS
Rutlanu—1st M.,
Chicago Rock Island A Pac....100 111%
3d series, 5-6s, 1916
95
96
MA8 108% 109
124
Equipment, 2d mort., 5s ----CAA
100
Chic.
St. Louis A Pitts
80
70
4tb series, 3-4-5s, 1921
MAS
97*2 98 j
33
St. Jo. & Gr. Tsl’d-18t,guar.6s,1925.
do
99
pref
100
934
:
5th series, 5s, 1926
40
60
MAS
39%
2d mort,. incomes, i*---Chic. St. P. Minu. AOm.,com.. 100
93
Incomes, cumul., 6s, 1927...JAJ
St.L.Alt.AT.H.—1st M., 78, ’94.JAJ li04> 117 1
do
pref.. 100 106
744 794
Gen. 5s, guar., 1936
110
MAN
49
2d mort., pref., 7s, 1894
*
108
Chicago A West Michigan
100
Wat).St.L AP.—1st,ex.,7s,’90.FAA
2d income, 7s, 1894
M*fels
Cin. Hamilton A Dayton
92
100 *• 714
36
Mort,,
414
7s,
1879-1909
AAO
Riv. bonds, 1894
Pref
do
08
2d mort., 7s, ext. 1893, ex..MAN
120
74
Bellev.A 8.I1L,1st,8.F.8s,’96.A&0 116
Cin. Indianap. St. Louis A Clxic.lOO
110
Equipment7s, 1883
MAN
56
Bellev.& Car., 1st Os, 1923. .JAD
N.
Tex.
Pac
Cincinnati
O.
A
100
*4*9
Gen., 6s, 1920, Tr. rec
JAD
983s 984
20
St. L. Ark. & Tex. 1st 6s, 1936. MAN
Cin.
95
Sandusky
A
Cleveland
50
96*4
Cliic. Div., 5s, 1910 gold
4l 4? 42
JAJ
51
2d mort.. 6s, 19369A A
do
Pref., 6.50
Phila. A Reading—(Continued.)
Conv. adj. scrip
J
A)k.
156
43
10*^
11
10
60
50
6
46
......
J4Ij
****"*
55%
62*4
......
55
.....
.
534
9
125
6
22
42
76*4
50
...
32
27
44
7%
!%b8;;VonAUri
^
......M&N
s
m
„
.
--v«aVS-A
120
140
8
63
1284
8%
1
50
.
95
74''k
-
.
......
|
’
St. L. A lion Ml.—1st,7s, 9-. ^AA
2d mort., 7s, g.. .1897....
Ark. Br. 1. gr., M., 7s, g., 9& JAR
Cairo Ark. & T.,l8t,78,g.,’97.JAI)
Cairo & Ful., lst,l.g.,78’g., 91.J&J
109
904
113
*4
109
113*2
91
Lii
113
2,1 M„ class C, 1906
..-..M*>
eoutu Paeitic.—1st M, 1888 .JAJ
Kan.C. &8\v., 1st,bs,g.,1916. mI&J
Pierre C. A O. 1st, 6s
FAA
100*8 1004
......
104
105
105 4
"AR
General mort.. 6s, 1931
JAJ
General mort.,5s, 1931 ..... ■**
Ft 8 A V.B.Bd.,1 st,0s, 1910. A AO
St.L.K ASo.Wv -1st 6s, 1916MAS
Trust bonds, Os, 1920
£ AA
St. L. W. A W., 6s, 1919*...-MAto
111
104*2 105
Gen. con. r’y A 1. g., 5s,1931AAO
Bt. Louis A San Francisco—
2d M., class A, 190b
MAN
2d M., class B, 1906
M&N
Equipment7s. 1895.
110
lo9
108
108
1
_
j
11^*8 112%
i
1004
....
I
105
c
1
111V
c
110*4
98
114
I
105
8: P.Minn.A Man.—1st < s,1909 JAJ
2d 6s, 1909........
A AO
Rak. Ext,. 6s. 1910
let consol. 6s. 1933
"AJ
do
reduced to 44s ..JAJ
Minu’s U’n, 1st. 6s, 1922
JAJ
Montana Ext 1st, 4s, 1937 J&l
San Aut.A A. Pass., 1st Os,1916.JAJ
do
MA^
....
,
Sandusky Mansf.AN.—1st, 7s,1902
Sav. FI. A W.—1st, Os, 1934.. AAO
At. A Gulf. con. 7s, ’97.......JAJ
So. Ga. A Fla.—1st, 7s, 1899..
....
2d 7U
1899
MAN
Boioto VaL—1st, 7s. sink’g fd. JAJ
2d mort.,7s, sink’g fd
AAO;
*10.8*2
..
117
116
L
i
Havana Dlv., 6s, 1910
JAJ
Indianap. Div., 6s, 1921 —JAD
Detroit Riv., 6s, 1921
JAJ
Cons.mort..7s,1907,convert.Q—F
1st. St. L. div., 78, 1889
FAA
Gt. West., 111.,1st,7s, ’88
FAA
do
2d, 7s, ’93....MAN
MAN
Q’ncy A Tol., 1st, 7s,’90
Ill. A S.Ia.,lst, 6s, 1912
FAA
St.L.K.C. AN. (r.est.AR.),7s.MAB
do Om.Div.,lst7s,1919.AAO
do Clar. Br., 6s, 1919.. FAA
do No. Mo., 1st, 1895...JAJ
do St. Cba’s Bridge 6s, 1908
Wab. Fund. 1907—Var. 7s. FAA
Various 6s
do
FAA
Warren (N.J.)—2d,7s, 1900 ..AAO
West Chester—Con. 7s, 1891..AAO
W. Jersey A At. 1st M.,6sl910MA8
West Jersey—1st, 6s, 1896
1 AJ
1st mort., 7s, 1899
AAO
Consol, mort., 6s, 1909
AAO
West Shore guar. 4s
JAJ
West’n Ala.—1st M., 8s, ’88...AAO
2d mort., 8s, guar., ’90
AAO
West. Mary I’d—3d en.,6s, 1900. JAJ
Cincinnati A Springfield
Cin. Washington A
do
90
1
112
112
112
110
90
09
90
....
117
95
71
Wis. Valley—1st, 7s, 1909
JAJ
Worc’r A Nashua—5s, ’93-’95.. Var.
Nash. A Roch.. guar.. 5s. ’94. A AO
RAILROAD STOCKS. Par
102
107
122
Dubuque A Sioux City
45*2
118
120
105
103
103*4 104
104>
3*2
11
4
...
.
xPac.C'aL9-i
6s,J9l4—}&i
....
Price nominal,
t Purchaser also pays accrued interest,
i In London
Duluth So. Sh. A Atl
do
Pref
EastTenn. Va. A Ga. Ry
do
do
1st pref..
do
do
2d pref...
East Pennsylvania
East A West, Alabama
Eastern (Mass.)
do
Pref
Eastern in N. H
21
53
3
4
54
64
54
7%
26
25
18
138
lb 9
140
150
1074 108
187
186
24
15*4
lOo
50
100
10o
156*’ 160*
150
1284 128*^
22*4
53
53%
Delaware Lack. A Western
50
Renv. A RioGr
100
do
do
pref.100
Denver A Rio Grande Western
Res Moines A Fort Dodge
Pref..
do
do
Det. Lansing A Northern, com .10u
do
do
Pref. 100
99% 400
45
77
60
165
50
100
100
Danbury A Norwalk
50
Dayton A Michigan, guar., 3*2..50
do
115
Pref., guar., 8.50
100
125*i Delaware & Bound Brook
South.—Lim., A., 6s,pref..
Lini., B, com
134
1*4!
Ala. N. O. A Pac., Ac., pref
%
*4
do
do
def...
92*
Shenandoah Val. -lst,7s,1909.JAJ
140
L50
37
35
Albany
A
Susqueb.,
Guar.,
7...10O
General mort., 6s, 1921
A&O
65
50
Allegheny Valley
Bkreve. A Hous.-lst.6s, gu., 1914
Atchison Topeka A 8auta Fe..lOO *9638 964
Sioux C. A Pac., 1st M., 6s, 98.JAJ 1064 107
85 i
82
Atlanta A Charlotte Air Line
Bodus BayA So— 1st, 5s, g.,1924J AJ
10*4 10*2
96
97
Atlantic A Pacific
100
So. Carolina—1stM.,6s,1920..AAO
131
1
724 Augusta A Savannah, leased... 100 129
2d mort., 6s, 1931
JAJ
108
15
Baltimore A Ohio
13
100 105
Income 6s, 1931 —125
i
do
1st pref.,6 —100
58
52
Bo. Cen. (N.Y.)-Consol. mort., 5s.,
117 110
do
2d, pref
9534 96
Boutk. Kansas—1st, 5s, 1920..MAS
7
i
3
90
904!
Parkersburg Branch
:... 100
Texas Riv., 1st, 5s, 1926... MAS
80
50
804' Beech Creek
i
do
...50| —
pref.
S
at,6sjg.,*1905-12 A&O 111
Rell’s Gap
Bo. Pac.,Ariz.-lst,6s,1909-10.JAJ
50iy-v_.
80
Belleville A So. III., pref
| ,02
So. Pac,. N. M.—1st, Os, 1911 .JAJ 106
198
197
rsoston
&
Albany
100
Staten Isl. Rapid Trans—1st nmrt.
Bost. Con. A Montreal
100
1054 i*0*7
Steuben. A Ind.. 1st
do
Pref., 5... 100 105
Stock. A Cop.-IsL 5s. 1905. ..JAJ,
26
105
! Boston Hoosac Tun. A Western..
Summit Br.—1st, /s, 1903..... JAJ, i’03
100 1554 156
104 I Boston A Lowell
100
8anb.Haz.AW-B.—lst,5s,1928MAN 103
100
100 21041^11
99% Boston A Maine
2d mort., 6s, 1938 ..........MAN
09
97
Boston A N. Y. Air-Line, pref
Sasp.B.AErieJunc.—lstM.,78..... .| 11(5
244
100 243
100
Syr.Bing.AN.Y.—consoles, 06AAOi 130 1*32 | Boston A Providence
Ala. Gt.
Consol. 7s, 1910 .... .....-..-JAJ1 II 50
Bkam. Bun.& Lew.—1st, 5s, 12 MAN
Sbam.V.A Potts.-7s, cou. 1901JAJ
Pref..
Clev. A Pittsburgh, guar., 7
50
Connecticut River
11; Wilm.Columbia A Augusta, 6s
Wil.A Weldon—S. F., 7s, g., ’96. JAJ
Wisconsin Cent.—1st ser., 5s, 1909
2d series, 7s, 1909, if earned ....
90
7*4
25
152
107*2
1064? 107 4
......
1124
40*4
107
42
51
Cleveland A Canton
do
do
Columbus A Xenia, guar., 8
Col. Hock. Val. A Tol
Columbia & Greenville,pref
Concord
Concord A Portsmouth,guar.,7
Connecticut A Passumpsic
111
101
106
14
40
35*4
a
Occur d’Alene
111
1 W’nNo.Carolina--l8t,78,1890.MAN
95
Consol. 6s, 1911
1144 L15
JAJ
vVest’nPenn.—1st M., 6s, ’93..AAOj 103
97
I10
Pitts. Br., 1st M.. 6s, ’96
JAJ1 112
944?
8*24 83
Wheeling A L. Erie—1st,5s,. ..19:6
104
JAJ 109
904 Wichita A Western—1st, 6s
....
100
Balt
pref.. 100
|
100
1064 107 ^ Cleveland Akron A Col
1064 109 j Clev. Col. Cm. & Indianapolis..100
83
118
140
112%
*"*
1*004 1*0*6%
87
90
106%
12
10
84
20
50
100
7o
9
23
100
.
^
60
101
10*2
10
100
63
23
69
100
‘>2
100
$
50
50
100
117*2 119
128*2 119*2
100
107
Elizabeth Lex. A Big Sandy
Elmira A Williamsport, 5
100
Fitchburg. Pref
100
108
50
do
Pref., 7..50
Evansville A Terre Haute
50
Flint A Pere Marquette
do
do
Florida P.’y A Nav. Co
do
pref
Galv. Hurrisb. A San
88
93*2
do
5
12
8%
20
27
*20
501
;
Pref. ..50i
j
share, c In Fraukfort. u
19
194.
8
12
Illinois Central
loo i
do
Leased line, 4 p. 0. 100:
1
IndiauaBloom. A West.,ass. pd.looj
Jeii’v. Mad. A Ind’p’s, leased.. 1001
Kauawka A Ohio
do
1st pr-^f
!
do
2d prof
1
|| Coupon off. § Price per
193
16
Georgia Pacific
Georgia Railroad A Bank’g Co. 100
Grand Rapids A Indiana
Green Bay Winona A St. Paul..lOO
do
Pref.... 100
do
Houston A Texas Central
IOO
do
24
2%
454
447e
100
Antonio
Huntingdon A Broad Top
96
954
14
14
Pref..
13*2
11*2
35
1)7
94
30
118
95
13
15
TO
3
10
,
1.5
InAmsterdan
THE CHRONICLE
31
QUOTATIONS OF STOCKS AND
GENERAL
Bid.
Ask.
77*2
133
51*2
52*2
Kan.C.Sp’dA Memphis
Kan.C.Cl’n & Sp’d.lGO
Kan. City & Omaha...
78
30
5
79
40
Keokuk & Des M..100
5
do
pref.,100
Keokuk & West
23
Kingston A Pembroke.
28
JLahe Erie &W...-100
do.
Pref.
L. Sh. A Mich. So
45
8’west., Ga., g?d, 7.100
15*4 Syr. Bing. AN. Y.100
45*2 Summit Bran ch, Pa. 50
94^
95
Lehigh Valley
50
55
55*2
Lit. Rock A Ft.Sm.100
Little Miami
50
Little Schu’k'l
50
$1*6*4
Long Island
14*2
62
89*2
50
La. A Mo. River...100
do
Pref
Lou. Evans. & St. L
do.
Pref.
Louisv. A Nashv..l00
Louisv.N.A.AChic.lOO
Maine Central.... 100
91
10
24
607e
01*8
6*
Mexican Central..
Mexican Nat., Tr. r«-c.
Mex. Nat. Constr. Co.
Michigan Cent...
§ 03
6*2
15
Pref..
17%j
88
9
135
75
6134
7*2
N.
34
10*4
67
31
N. Y. City & Northern
N. Y. A Harlem
5l
18*4
934
135
77
37*8
113*2
N.England.100
Norf.AWest,,
com. 100
214
160fc
do
pref.100
8*2
28*2
2
10
Northern Central... 50
Nortli’n N. Hamp.100
Nortli’n Pac., com. 100
do
Pref.100
Norw.A Worcester, led
Ogd. <fe L. Champ.loo
100
do
Pref. 100
Ohio Southern
100
Old Colony
100
Pensacola <fc Atlantic..
25*2
Wyoming VaI.Coal.100
EXPRESS ST’CKS
Adams
100
American
100
United States
100
Wells, Fargo A Co. 100
140
108
107*4
112* *
145
108
70
131
72
48
75
55
I
115
220
Del. Div.
Mexican
New' England
ELECTRIC
LIGHT STOCKS.
Brush, Balt
29*2
MISC’LLANEOUS
BONDS.
10*2
STOCKS, N.Y.
103*2 105
1
47
200
:Am. Loan A Trust. 100
I Brooklyn Trust ...ICO
! Central
100
Farmers’Loan A Tr.25
100
Knickerbocker
Long Island
..
...
Metropolitan
7*2
150
..100
Mercantile
..
..100
N. Y. Guar. A Ind..l00
N. Y. Life A Trust. 100
Union
Canton(Balt.)Os,g., ’04
Un. RR.,lst, end.,Os.
43
55
85
180
90
30
80
70
100
100
40
100
100
105
440
133
155
195
159
115
560
450
550
1
543*
i
I
Teuu.C.Al.,con.Os
South Pitts, 1st, 6s..
Bir. Div. lst.Os, 1917
22*4
22*2; MISC’LLANEOUS
54
55*2
64*2
do
Pref. ...50 §
Phila. Wilin.<fc Balt.50
Pitts. Cin. <fc St. L. .50
....
-
64%
25
150 ’
33
Pittsb. & Western
Port.Saco APorts.lsd 6 xllO
Port Royal <fe Augusta
2
Ports. Gt.F. A Con.lOo xl07
Rens. & Saratoga.. 100 160
Rich. A Alleg., ass. pd.
5
Rich. F. <fe P., com. 100 125
do
Guar. 7.100 135
do
do
6
125
Richmond & P’b’g.100 110
Rich. <fe West Point
22*2
do
Pref
54
Richmond York R.&C.
95
Rome A Decatur
Rome W. (fe Ogd... 100
83
Rutland
100
7
do Pref.,7.. 100
38*2
Bt. Joseph A G’d Isl’d.
Bt.LouisAlt. A T. H. 100
34
do
Pref.100
70
13
i
i
......
114
Jamaica Pl’n.MasslOO
30
Aspinwall Land.... 10
Boston Laud
10
Boston Water Power..
Brookline (Mass.)L’d5
Canton Co. (Balt.). 100
Cev. A Cin. Bridge, pf.
East Boston Land.
Frenchman’s Bay Ld.
Oregon Improvement.
85
8an
Diego Laud
*45
500
2-15
MINING
1^8
12%
Allouez
25
Atlantic
25
Bruusw'’k Antimony.5
Calumet A Hecia...25
Catalpa Silver
10
Central
Franklin
Huron
Minnesota
National
Osceola
Pewabic
25
25
25
25
25
25
25
Quincy
25
112
280
4*4
*2*4
21%
2*4
61
$l*fl $2
124
125
25
750
35
98
140*2
52
2d pref. certificates.
;so
St.Louis Tunnel RR.. {106
8t. Louis Transfer Co.
70
Union St’k Yds ATr.Co
West End Land (Bost.)
24*4
Price nominal; no late transactions.
100
t Purchaser also pays
.
Hartford, Ct., G. L..25
Jersey C. A Hobok’n 20
People’s, Jersey C
160
210
164
1700 1705
115
045
650
xU)S
109
97*2 100
78
82
xl20
122
1330
1340
125
130
1140
1160
158% 159
900
1000
90
94
xl07
109
475
500
7
7%»
39*2 40
70
50
Barnabv (Fall Riv.)...
Barnard Mfg. (F. R.) ..
585
ICres’t Mills (F. R.)
Crystal Spr. B1.(F.R.).
I Davol Mills
(F. R.)
Louisville G. L
Central of N. Y
(Mass.)...
F. R. Machine Co.. 100
110
108
156
Franklin (Me.)...
x700
69
1
50
Mutual of N. Y....100
N. Orleans G. L. ..100
Portland, Me., G. L.50
I St. Louis Gas Tr...l00
I Laclede, St. Louis.lOO
| United Gas Imp., Phil.
!Wash’ton CitvG. L.20
t In London.
71*6
70
*
!
99
x
tO
101*2
93
112
235
x90
x725
Hartf. Carpet
(Ct.)lOO
x77
Lancaster M.(N.H)400
L'rel Lake Mills (F. R.j
Lawrence
36*« 39
17934 182*2
Consolidated, N.Y. 100
Equitable. N. Y
accrued interest.
.
Everett
174*2
25
100
70
109
800
x!13
*1*40
97
106
140
109
100
50
75
95
60
112
18
210
3
00
i*l*5
Maid. A Melrose.. .100
Newton A Wat’n ..100
4%
$4
$3
22*4
104% 105
55*2
114
178
13*4
4
0
189
190
30o.
320.
15
25
14% 15
100 xl93
Cincinnati G. A Coke
40
89
3-00
•11
•30
"*•17 ***•*20
Tamarack
25
MAN UFACT’ING
STOCKS.
Am. Linen (Fall Riv.)
830
x 37
Lynn, Mass.,G. L..100
Brooklyn, L. 1
25
Citizens’, Brooklyn.20
Metropolitan, B’klyn.
Nassau, Brooklyn ..25
People’s, Brooklyn. 10
Williamsb’g, B’klyn 50
Charlest’n,S.C.,Gas.25
Chicago G.A Coke.IOC
Chicago Gas Trust....
7*2 St. Louis B’dge, 1st pref :io4
39
12
38
80
1*
Lowell
8alem, Mass.,
Mauh’tt’n B’ch Co. 100
Maverick Land.... 10
N.E. Mtg.Secur. < Bost.,
N. Hampshire Laud 25
N.Y.A Tex.Ld.,Lim. 50
Land scrip
2234 : Oregon Ry.AN.Co.100
55
Pacific Mail SS. Co. 100
100
Pliiladel. Co. Nat. Gas.
Puilm’n Palace CarlOO
100
2-70
•10
•20
950
1
,Lawrence, Mass... 100 If L25
STOCKS.
Amer. Bank Note Co..
Amer.Cotton Oil trusts
Keeley Motor
108
105
10
Chelsea, Mass
j Dorchester, Mass.. 100
.
118
j Cambridge, Mass.. 100
—
*87
500
......
x
•82
Red Elephant
10
Robinson Consol..
50
Sierra Nevada
100
Silver Cliff
50
Standard
100
Union Consol
100
Ridge
95
TRUST CO.’S
do pf.,guar.l0..100
Pennsylvania
50
......
100
iUnited States Ill. Co..
leased, 8..50 §
Schuylkill Nav.....50
do pref.50
do
10
Tropical
203
29 *g *30
7 5e. 87%e
39*2 40
50o
70e.
Erie
•10
STOCKS.^
1
jAmer. Speaking... 100
4*90
•05
12*50
10
BOSTON
TELEPHONE
Brush Uluminat’g 100
Edison
Edison Illuminating..
United States
100
15
9
77%
117
100
50
Lehigh Navigation..50
Morris, guar., 4
100
17
.
80
77^8
•95
100
Rappahanoek
28
..,
•23
100
...
Potosi
*30
..
•10
100
Ophir....
85
25
15
72
202
CANAL STOCKS.
3738 Del. A Hudson
Navaio
rrQ
4 O
100
I
95
102
162
84
ICO
*8
25
50
Iron Silver
20
Lacrosse
10
1 ead ville Consol.... 10
Little Chief
50
Little Pitts
Mexican G. A Silv.100
*33
7s, 1900, M. AN
STOCKS.
American Bell
108*2
6s, imp., cp., ’80 MAN
6s,btAcar,1913MAN
28*8
25*
1-50 1-80
22-50 23*50
•55
Chollar
100
Consol. Pacific
100
Crovm Point
100
Dunkin
Eureka Consol.... 100
Father De Smet
100
Gold Stripe
100
Goodshaw
Gould A Curry S..100
Green Mountain.... 10
Hale A Norcross. .100
Horn Silver
Indepem1 '‘nee
104
90
95
157
iWestern Uni<»u....l00
!
113
97
•60
2-80
..
3
1%
Postal T. Cable, new.
So. Tel., 1st mort. b’ds
South’n A Atlantic.25
120*2
72*2
2d M.,0s,1907..J&J
Mort. 68,cp.,’95JAJ
17
08
33
107'
113%
iV Schuylkill Nav.—
1st M., Os, 1897.Q-M
$ 25
Phila.<feRead.ass.pd.5G
140
106
67
125
i'35
113*2
0s,g.,cp.Arg..’97JAD
Cons.M.,1911 7 s J AD
0
Phil. Germ. A Nor..50 U17
Chrysolite
23*4
2-60
| except Jirsi of month.)
Oregon Short Line
Oregon Traus-Cout
Oswego <fc Syr., guar..
Pennsylvania RR. .50 § 51*8
*
34
Tenn.CoalAIronColOO
I United States
111
Col.CoalA Iron—1st,Os
9.)7s 100
jN.Y. & BR’KLYN
HORSE KBS.
100*2
$x85
Cov.ACin.Bge. 5s,3-5 y 100
140
(See Local Securities in
139
5s, 5 years
MAS 101
i
Ciikonicle each w’k,
22
22% Head’ll BridgeOs, 1931 10S
40
91*8 95
40% Or. Imp., 1st, 6s. 1910
xl70
172
Oreg.R. A N. lst.Os, J AJ 108*2 110*4
HAS STOCKS.
13
10
Debenture 7s, 1888.
"90* *9*7*' Balt. Consol. Gas
23 ^
2434
Con. 5s 1925 J.AD..
Boston Gaslight...500
80 I Pullm’n Palace Car—
f 78
:East Boston
25
4th do
10*2 12
8s,’92FAA
175
1 Deb’ut’re,7s,’88A AO;
xl73
jRoxbury...
100
15
15
i St. L. Bridge A Tun— !
j South Boston. ....100
| Brookline, Mass... 100
20% 21*8'
1st, 7e, g, 1929.AAO 1133
42*4
Pennsylvania..50 $ 75 34
T,. Ark. A Texas
10*4
72
1U6
Lehigh Nav.- 4*2S, ’14
RR. Os, reg., ’9J.Q-F
Conv 0s,g.rg/94MAS
...
4^.
9 *2
33
28
27
...
100^;
Chesapeake A Del..50
do
Pref. 100
N.Y. N H.A Hartf.lCO
N.Y. Ont. (fewest.. 100
N. Y. Penn. A Ohio
do
Pref.
N. Y. Phil. A Noif.100
N.Y. 8usq. <fe Western.
do
Pref.
N.Y. West Shore & B
il
16*
92*2
Coup. 7s. 1894.AAO
1st Pa.D.cp.,7s,MAS
Pref.100
Ohio <fe Miss
13
26
Pennsylvania Coal.50
11
Quicksilver Min’g.100
47%
do
pref.100
7s,btAcar,1915MAN
212
8usq.—Os,cp., 1918 JAJ
103*2 103*2
7s. coup., 1902.. JAJ
27 7e
No.
15
Bonds, 1st Os
Penn.—Os, coup., 1910
107
N.Y. A
Marylaud Coal....100
New Central Coal .100
N. Y. A Perry.... 100
Ontario Sil. Min’g.100
*9*
117
Del. A H.—7s. ’91.JAJ
1st ext., 1891..MAN
Pref,
Jersey Southern..
do
•30
13
Alta Montana.... .100
Amie
10
Barcelona
Bassick
100
Bechtel
Belle Isle
100
Bodie
100
Bulwer
100
Caledonia B. H
100
Consol. California. 100
52
213
57% 57 *2
Ches.AO.—Os, ’70.Q.-J
5
Jersey A N. Y
do
25
11
27
29
12
48
dies.ADel.-1st, 6s,’80
5 533i
New
•70
25%
CANAL BONDS,
17
(N. Y. A SAN. FRAN.)
Col. AHock.lOO.C A I.
Consol.Coal of Md.100
Homestake Min’g.100
Marshall Cons. Coal..
....
Minneap. A St. L.
do
37
...
Pref.
GOLD A SILVER
MINING STOCKS^
34*s Alice
*30
13434
Ask.
34
TEL’PH STOCKS
AND BONDS.
*4
*2 American Tel. A Cable
40
35
Atlantic A Pacific st’k
%
123*2 125 *
Bank’s A Mercb’ts.lOO
40
208
212
Virginia Midland
General mort. cert..
15
10
93
95
Wabash Pur. com.cert
27% 2834 Baltimore A Ohio
10
20
do
Pref.100
Cent. A So. Am. Cable
70
85
Warr’n(N.J.),Ps’d,7.50 126
Commercial Tel. Co.pf.
51
55
West Jersey
50 § 59
Franklin.
100
50
13% 11**8 West Jersey & Atlantic 5
Gold A Stock
100
13
14
7
8*2 Western Maryland..
Bonds
4; %
48
23
Wheeling & L Erie 100
Mexican
100
Wil. Columbia A Aug..
80*2
N. Y. Mutual Un. Tel..
25
Wilrn. A Weldon, 7.100
Mutual Union Os....
"l0% "17"
81
78
Wisconsin Central
N’west.. 7s. 1904 .JAJ
32
30
do
Pref.
10u*$ 103*4
TPostal Telegraph.. 100
Worc’ter AN ash ua. 100 x 128 132
Memph.A Chari..
Midland of New Je
Mil. Lake S. A W.
do
pref
Mil. A Northern..
Mine Hill A 8.H..
10
Bid.
Miscellaneous.
MINING
72*2 Cameron IronACoal50
Colorado Coal A 1.100
124“ *125*"
10*4
&
Ask.
STOCKS, N.Y.
"
.
do
36
109*2 L10*2
5
Bid.
Miscellaneous.
112
114*2
6L
03
100*2 103
Tol. Ann Arbor & N.M
Tol. & Ohio Central...
Pref.
do
Q. N.J.RR AC. Co. 100
Union Pacific
100
Utah Central
100
Utica & Black Riv.l 00
Vt.& Mas8.,rsed.6.100
Vicksb. & Meridian
do
pref...
.....
9
22
34*2
71*2
Sunbury & Lewist..50 5
Terre H. & Ind’nap.50
2134
Tex & Pac. ass. pdlOO
165
Ask.
COAL
it. L. Van. A T. H
it. Louis & San Fr.100
do
Pref.... 100
do
1st pref.100
it. Paul <fe Duluth. 100
do
Pref.100
it. P.Minn. A Man. 100
Scioto Valley
ieab’d A RoanokelOO
South Carolina.... 100
Southern Pac. Co.. 100
78
135
do
Pref.. 100
Kans.C.Mem.A B. It 0
Bid.
Miscellaneous.
RR. STOCKS.
Continued.
Kan.C.Ft.Scott&G.lOO
BONDS— Continued.
Explanations See Notes at Head of First Paso of Quotations.
For
Railroad Stocks.
|VOL. XLVI.
(Mass.) 1000
220
970
102
470
570
LymanM. (Mass.). 100 1 70
Manchester (N.H.) 100 x!42
1000
Mechanics’ (F. R.) 100
Merchants’ (F. R.) 100
Merrimack (Mass) 1000
1020
85
475
580
710
143
715
70*2
141
1030
88
110
1125
Metacomet (F.R.) .100
Middlesex (Mass.). 100 x!75
85
Narragans’tt(F.R,)100
Nashua (N. H.)....500 495
Naumkeag (Mass.) 109 x98
85
N. E. Glass (Mass.)373
Newmarket
500 x305
1640
Pacific (Mass.)... 1000
§ Quotation per share.
9S0
1540 1550
Lowell (Mass)
690 x700
Lowell Bleachery.200 xliO
Lowell Mach.Shop.500 j 705
Mass. Cotton
90*2
740
196
79
1135
180
90
500
100
95
315
1650
If New stock
January 7,
GEXERA.Ii
Pepperell (Me.)
500 1050 1060
Pocasset <F. R.)...100 112% 115
72% 75
Rich. Bord’n(F.R-) 100
100
Robeson (F. Riv.) 1000
108
Bagamore (F. Riv.) 100 105
26o
Salmon Falla(N.H.)300 t24 5
25
30
8andw.Glass(Mass.)80
85
80
Bhove (Fall Riv.). 100
50
Slade (Fall Riv.).. 100
Stafford (FallRiv.) 100 105
,
m
m
m
Stark Mills (N.H.) 1000
Tecumseli (F. R.). 100
1110
Thomdike(Mass.)1000
Tremont* S.(Mass) 100
Bid.
Ask.
j
<
Nat... 100
Continental
117
245
102
140
360
16S
120
j]
First National
100
Fort Dearborn Nat —
Hide and Leather. 100
.
UoO
1< 0
120
Troy C. & W.(F.R.) 500 850
Union C.Mf. (F.R.) 100
Wampanoag(F.R.) 100 100
Wasliingt’n (Mass.) 100
Weed Sew. M’e (Ct.)25
45
Weetamoe (F. R.)100
•11
Willim’tic Linen(Ct)25
--••••
966
York Co. (Me.)
750
BANK STOCKS.
Baltimore.
Bank of Baltimore 100
Bank of Commerce. 15
Citizens’
10
Com. & Farmers’.. 100 150
Farmers’ B’k of Md.30
31
Farmers’ & Merck. .40
Farmers’&Planters’25,
First Nat. of Balt. .100
Franklin
60
90
German American.... 100
Howard
1
11%
Marine
30
37
Mechanics’
10
12
Merchants’
100
National Exch’ge. 100
Merchants’ Nat.. .100
2u
Second National ..100
Third National.... 100
Union
Western
75
20
Boston.
Atlantic
Atlas
Blackstone
Boston Nat
100
100
100
100
Boylston
Broadway
100
100
Blinker Hill
Central
100
100
Cincinnati.
1 Atlas National
<Cincinnati National...
105
1125
121
Citizens’ National
222%- Commercial Bank
I First National
100
Fourth National
270
......
250
75
196
City
100
Eagle
100
Eliot
Everett
100
100
Exchange
100
100
100
First Ward
100
Fourth National..100
Freemans’..
100
Globe
100
Hamilton
100
Hide & Leather.. .100
Howard
100
Lincoln
100
Manufacturers’.. .100
100
Market
Faneuil Hall
First National
200
Market(Brigliton). 100
Massachusetts ....250
Maverick
100
Mechanics’ (So.B.)lOO
Merchandise
100
Merchants’
100
!
135
j
115
106
105%
121
120
j
131
1
130
1
102
185
183
i
128
131
1
104% 105
128
1
127
121
120
137
137%
120
119
102
101
129% 130
94
96
125
125%
140 j
159
225
220
130
127
112% 113
90% 91
140
116
I
100
138
L25
147%
152
185
106
220
i
loo
Traders’
^Webster
City National
Commercial
50
40
50
139
)
)
60
100
Long Island
Manufacturers’
Mechanics’
50
Nassau
100
CliArlcstoDt
B’k of Chas.(NBA)100
First Nat. Clia3.. .100
2 25
210
110
Chicago Nat
160
175
*
Prif
e
)
)
)
)
)
-
m
.
220
)
215
American Exch. Nat..
Atlas National
100
)
.
.....
112
112
North River..
Dominai; no late transactions.
51
)
)
)
)
)
164
J140
147
141
17
150
212
115
200
70
325
160
175
260
90
126
112
130
112
„
M
m
a
_
.
100
128
113%
100
1
100
Boylston
Manufacturers’. ..100
100
Mass. Mutual
170
i
4*49
.
North American ..100
Prescott
100
100
Washington
20
25
20
25
Aurora
Cincinnati
Citizens’
Commercial
100
20
Eagle
Enterprise
Eureka
20
Farmers’ Ins. Co...20
Firemen’s
20
|
Germania
425
20
20
Globe
Merchants’* Manuf 20
Miami Valley
50
National
100
i?6
this week.
Fidelity
z
Security
Washington
Western...
100
25
121
150
165
160
190
120
120
120
95
40
160
230
250
100
110
125
100
90
320
ldo
125
215
70
120
135
140
60
120
85
35
80
215
240
90
90
110
70
Nassau
(B’klyn)
7%
16
5ia
4%
115
i3 7
93
yo
125
180
x
Sterling
u
Stuyvesant
39%
x
95
89
145
101
110
150
160
93
230
ioo
85
220
85
105
50
25
25
150
95
165
90
110
75
100
60
160
100
20
90
106
130
160
50
70
110
140
140
160
25
25
10
City..5»
102
217%
150
100 100%
20 130
25
§ Quotations per share.
90
160
104
135
175
124
150
150
285
CHANGE
OF
IPS.
$
13,000 ask.
Jan.’88.. 18,600
975 bid.
N.Y.Cousol.Stock* Pet.
i
Last sale, Jan. 5.... 1,0)0
N.Y. Stock
Last sale,
N.Y. Produce
!
Last sale, Dec.
20
N.Y. Cotton
Las sale, Jan. 3
N.Y. Coffee
Last sale,
..
—
Jan. 4...
!R’l Est.Exch &Auc.R’m
Last sale, Jau. 5
Boston Stock
Last sale, Dec.20
152% Philadelphia Stock
Last sale, Dec. ’87
104% 108
100
87
147
105
160
90
165
100
178
85
170
ICO
103
140
no
to
90
183
40
117
126
87
99
100
90
115
125
85
150
100
United States
Westchester
Williamsburg
PRICES
70
8 »
35
Standard
7
120
140
95
92
127
70
55
37%
18
5k
90
135
People’s
50
Phenix (B’kiyn) ....50
Rutgers’
25
82
90
100
IOO
130
80
70
90
115
50
8
27
200
75
92
Mercantile
50
Merchants’
50
Montauk (B’klyn).. 50
*
124
115
Lafayette (B’klyn) .50
Liberty
10b
Long Isl’d (B’klyn).50
Manuf. & Builders’100
Mechanics’ (B’klyn) 50
Pacitic
Park
Peter Cooper
Cincinnati.
Aiuazou(new stock) 20
145
415
20
455
i
120
130
i Last price
1 Boston
lo
22
165
110
110
40
National
N. Y. Equitable
New York Fire
Niagara
North River
Boston.
Americau F. <fc M. .100
-
106%
14%
140
150
156
100
30
82%
92
75
51
80
Firemen’s
17
Germau-American 100 300
50 145
Germania
140
Globe
50 110
Greenwich
25 200
cO
29%
Guardian
100
13*7 % Hamilton
133
15 110
125
Hanover
50 130
105
Home
100 130
50
145
Howard
40
117
Jefferson
30 110
180
Kings Co. (B’klyn) .20
78
Knickerbocker
3o
460
10
145
130
185
162
National Fire
7 1
52
il7
Farragut
50
File Association ..100
148
118
123
...10
Dwelling House... 100
115
200 |
115% i
180 1
345
^ 3o5
) 150 j
205
) 196
)
lfcO il66
) 176
;'
j
.
05
i
)
j
)
.
20
City
*
Maryland Fire
.....
) 1550
)
) 165
) 750
) 260
)
200
.
Citizens’
Eagle
Empire City
Exchange
160
59
65
122
77 %
2
104
100
Commercial
50
Commonwealth. ..100
Continental
100
FIRE
INSUR’CE
STOCKS.
Baltimore.
Associate Firemen’s.5
Baltimore Fire Ins. 10
Firemen’s Insur’ce .18
Howard Fire
5
'
130
150
133
0
People’s National. 100
Chicago.
Commercial Nat... 100
a
Pacific
.
125%
_
St. Louis National. 100
Third National.... 100
San Francisco.
Bank of California....
First Nat. Gold.... 100
..
128%
n
100
International
Mechanics’
100
Merchants’ Nat ...100
107%
170
.
100
Franklin
100
Fourth National ..100
65
its
120
140
315
160
325
150
118
128
100
Commercial
Continental
70
163
Brooklyn.
100
!
118
150
101% 104%
State
Suffolk
Third Nat
141
140
100
100
100
100
100
Planters’Nat
i State Bank of Va.100
St. Louis.
!
B’k of Commerce.. 100
174
180
140
142
257
166
129
1*35
205
215
3100 : 500
200
%!
100
Shawnmt.
Shoe & Leuflier
First Nat
100
Merchants’ Nat... 100
Nat. Bk of VirginialOO
40%
x
Clinton
50
37
....
25
25
17
Bowery
Broadway
Brooklyn
158
146
116
121
138
55%
40%
3%
38%
25
People’s
Graugers’ Bank
New York.
|
Washington
100
Richmond, Va.
25
City Bank
112% 113
Tremont
Union
Security
141
145
133
257
129
141
126
120
116
L70
127
490
100
100
100
100
..100
Portland) iffe.
.2 o
62%
250
..100
Cumberland Nat.. .40
Canal Nat
100
Casco Nat
100
First Nat
100
Merchants’ Nat
75
National Traders’. 100
xll6%> 119%
i
Mechanics’ & Tr... 100
New Orl’s Ins. Ass’n 30
NewOrl’s Ins. Co.. 50
..
104
1 71
100
50
05
13 J
100
100
.
39%
3%
37%
<
Sun Mutual
100
Teutonia
100
New York.
Alliance
1000
American
50
245
54%
75
75
Merchants’ Mutual 100
Southwark Nat
50
Tenth Nat. Bank.
Third Nat
100
Western Nat
50
West Philadelphia.100
151
1 >5
133% 134
147
147% Chase National
128
Philadelphia Nat.. 100
100
6%
52
34
115
56
i
23
75
159
100
100
Lafayette
100
195
50
33
Mutual ..100
Hope
Second Nat
Seventh Nat
Sixth Nat
xl37
68
157
;
88
143
104
222% 225
150
140
98% 99
138
138
100
160
90
63
125
j
New Orleans.
148
152%
195
121% 125
98
99
115
115%
115
116
100% 101
93% 94
102
101
141% 142
121% 122
First National
Fulton
115
169
)
100) 131% 133
100 102% 103
Chemical...
58
50
58% City
100
100
.Brooklyn
119
People’s Bank
!
87
140
103
162
107
106
114
140
124
>
112
Nat.B’k Germant’n.50
Nat.B’kN. Liberties 50
Nat. B’k Republic..100
National Security. 100
Penn National-.
50
»
105
255
138
!
100
•
•
123
162
yi
125
118
102
170
125
139
143
132
95
219
•
122
161
96
124
117
109
1
91% 92
121% 122
114% 115
106% 107
108% 110
93%
...
65
106
...
factors’and Tr...l00
Firemen’s
50
Germania
100
Home
' Manufact’r’rs’Nat.lOO
Mechanics’ Nat....100
Merchants’ Nat
Nat. B’k Commerce.50
108
.
50
5C
Kensington Nat
Keystone Nat’l
Spring Garden
......
100
100
Revere
Rockland
Second Nat
225
95
250
B’nkof Commerce.
Monument
Mt. Vernon
New England
North
North America
People’s
Redemption
Republic
Girard National ....40
x
Orleans.
Hibernia
105
lOn
Independence
100
Queen Fire * Life.. .1
3
Royal Insurance
43*
100
100
Farmers’AMech.N. 100
Fourth St. Nat’l.... 100
80
210
Louisville.
100 115% 115%
OldBoston
First Nat
x60
.J
Metropolitan
100
27 o
X....
133
114
,
Eighth Nat
14:3%
x
33
140
New
124%
100 x<*80
London Ass.Corp.12%
Liv. & Lond. <fcGlobe.2
Nortli’n Fire & Life ..5
North Brit. & Mer. 8%
Crescent
lz7% 132
(
83
100
250115
285
130
.100 x75
....100 xlS5
50 $75
London, Eng.
Commercial Union.£5
73
50
Guardian
Imperial Fire
25 155
6
Lancashire F. & L..25
100
i 44
xiro
x95
xl54
110%
.
lOOjx 110
| 06
*6*6
138
12%|
132
|
280
175
100 xlOO
50 xjOO
45% American Nat
xlOO
127
j Charter Oak Nat.. 100 x87
City
100
91
48
Connecticut River
128
20
210
05
350
145
/Etna Nat
59
f12 J
| ...
12
B’k of N. America
100 x 243
Connecticut
Hartford
National
Orient
Phoenix
Steam Boiler
115
101
Philadelphia.^
/Etna Fire
125
150
128
...100
Asa.
Hartford, Conn.
112
110
133
210
115
143
Secohd National
Third National
Western German Banl
Hartford.
19
171
Bid.
Insurance Stocks.
1201*
ISO
L
Metropolitan Nat
Nat. Laf.&Bk.of Com.
Ohio Valley Nat’l
Queen City National..
142
16%
167
185
ICO
173
Merchants’ National..
45
970
...25
|
OD
i..
Ask.
—
97
German National
Market National
55
19
150
109
81
31
Columbian
100
Commerce
100
Commonwealth... 100
Continental
100
.
llO
Bid. j
Bank Stocks.
]Metropolitan Nat. 10<>
146'
]Nat. Bk. of Amer..l00 137%
]Nat. B’k of Illinois. 100 175
Northwestern Nat. 100 800
j Union National..-.100 16> (O c c
1160
Un.Stock Y’ds Nat.100
...
People’s
Heal of Pirst Paje of Quotations.
Bank Stocks.
Ask.
Bid.
BONDS—Concluded.
QUOTATIONS OF STOCKS AND
Explanations See Votes at
For
Manufac’ing Stocks.
113
THE CHRONICLE.
1888,]
Chicago Board of
1.750 ask.
l,7i O
1,5(U> a^k.
i, 0)
6 i0 ask.
600
1,100 ask.
l,05i
15,600 bid.
.
15,000
3,500 ask.
.
Trade
Last sale, Nov. 2o..
3,500
1,800 ask.
1,756
[Voi.. XL\ I.
CHRONICLE
THE
36
Ixxxuesltxxcixl
WcekorMo\
20,815
50,902
6.777
1,311
36,997
49,121
20,369
24,303
44,742
53,136
50,960
27,809
442,000
56,262
90,419
377,665
50,510
Knoxv. A Ohio
October
Lake E. A West. 1th wk Dec
3,189
45,304
53,804
Lehigh & Hud... November.
14.403
Kingst’n & Pem. 3d wk Dec,
.
contains a complete exhibit oj
the Funded Debt of S'ates and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,
March, May. July, September and November, and is fur¬
nished without extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of the
Chronicle at 50 cents each, ani to others at $1 per copy.
The Investor s’ Supplement
L. Rock A Mem. 3d wk Dec
|4th wk Dee
Long Island
Lou. A Mo. Riv.. Septemb’r.
Louis.Ev. A St.L. 4tli wk Dec
Louisv. A Nashv. 4th wk Dee
Lou.N. A. A Chic. 4th wk Dee
Louisv. N.O. AT.! Itli wk Dec
Mar. Col. A No..
November.
Mar.Hough. AO. 3d wk Dec
Memphis AClias.:3d wk Dec
^Mexican Cent 14th wk Dec
*Mex. N. (all Ins);November.
Mil.L.Sh.AWest. 4th wk Dec
Milwaukee A No. 3d wk Dec
RAILROAD EARNINGS.
...
Gross Earnings
to Latest Dates.—The latest
railroad earn¬
ings and the totals from Jan. 1 to latest date are given
for all the railroad companies from whom reports can
below
be ob.
fcained.
Latest Earnings
Roads.
i
Week
or
Mo
\
Jan. 1 to
Reported.
1887.
1880.
$
$
Latest Date.
1880.
1887.
I'
$
$
t
100,023; 1,850,060; 1,055,931
Allegheny Val. November.; 170,830
Atch. T. A 8. Fe. November. I 1,040,310 1,715,554:10,954,044 14,455,577
940,499
Atlanta A Char October.
| 153,81)1' 117,038' 3,004,210, 1,532,172
41,214 2,558,050!
58,530
Atlantic A Pac.. 3d wk Dec;
118,192 1,320,349 1,235,019
128,810
Balt. A Potomac November.
554,230
089,470
81,8141 53,901
Beech Creek
(November.
65,900! 2,812,054 2,573,221
72,400!
Buff. N.Y. A Phil 4tli wk Deo1
4 1,490
2,000,405 1,445,012
53,039!
Buff.Roeli.A Pitt Itli wk Dee;
.
03.917
Bur.C.Rap.ANo. 1st wk Dec
Cairo V. A: Chic 11th wk Dec
Cal. Southern...'3d wk Dee
JCamden & Atl’e November.
Canadian Paeitie' lth wk Dee
Op. F’r A Ya d. Val No vein 1 >e r.
Carolina Cent.. November.
Central of Da... 3d wk Dee
17,8001
41,150!
34,018
341,000'
20,959;
57,173
120,209 i
Pennsylvania.
Penn. Cum puny.
No. West. sys..
70,104 2,704,504' 2,702,034
058,815
700,148
17,210;
23,78.8! 1,439,505!
So. West. sys..
Peoria Dee. AEv.
717,495
...
,
0,414,387
Pitts. A.West’rn.
.
Central Iowa
jNovember. 139,897
971,048 1,049,800; 9,597,422;
Central of N. J iOctober;..
,333,101 <1,141,081 11,190,643
Central Paeilie (October..
10,385
10,213
Central of S. C. October...
4! ,923
403,295
41,284
Oharlest’n A SavjOetober...
11,233
10,968
Clieraw & Dari October..
358,551 4,099,351
412,123
Chesap. 6: Ohio ; November.
89,858 1,004,692
99,573
Eliz.Lex.AB.S. November.!
178,983 1,795,182
205,777
Chcs. O. A 8. W. November,
6,676
7,674
dies. & Lenoir. 'October
777,414 6,189,535
Chic. A Alton.. ISeptemb’r.l 842,062
59,897 2,194,783
63,248
Chic. A Atlantic 41 h wk Dee;
1,979,301
192,888
Cliie. Burl. A No. October
Chic. Burl. A Q
November.' ,382,965 2,256,330 25,448,822
40.914
2,058,307’
44,003
Cliie. A Fast. 111.; till wk Dee;
4 15,626
10,037
13,829
Chic. A I ml. (‘oal; 1th wk Dee'
742,401 25,366,1 67
800,000
Chic. Mil. A St.P.j 1th wk Dee
8,779.529
9,940,703
RAW.P.Ter. CoRich. A Danv.
Ya. Mid. Div..
C. C. A A. Div.
Col. A Gr. Div.
West N. C. Div.
W.O. AN. Div.
Ash. ASp. Div.
Total all....
Rich. A Petersbg.
Rome W. A Og
392,507
3,755,807
850,084
1,54.0,450
5,750,100
1,077,040
Ohio. St.L.APitts!November.
Chic. St.P. AK.C.1 Ithwk Nov
Chic. St.P.M.Ad). November.
Cliie. A \V. Mich.11th wk Dec
Cin. Ilam. A D. iScptemb’r
Cin.Ind.St.L.AC 1 thwlc Nov;
(Mu. Jack. A Mac 3d wk Dee
Ciu. N. O. A T. P 3d wk Dee!
Ala. (It. South 3d wk Dee;
N. (>rl. A N. K !3d wk Poo!
Vicksh. A- Mer (3d wk Dee!
Vicks. Sh. A P |3d wk Dee!
j3d wk Dec!
Ciu.Kieii.AFt.Vv.i3d wk Deej
Erlanger Syst
(Mn. A' Spring’d (November.!
Cin. Wash. ABalt.jod wk Dec
Clev.AkronACol 3d wk Dec!
Clev. A Canton [November.
Clev.Col.C.A Did November.)
Clev. A Marietta! Itli wk Deej
Occur d’Alene... 'November, s
Col. A Cin. Mid 3d wk Dec!
Col.llock. V. A T. 1th wk Dee
Denv. A Rio Or 4 th wk Dee'
Denv. A R. (4. W.‘3d wk Deo*
Det. Ba y C. A A1 p.' N o vein 1 >er.
Det.Lans’gA No.1 Itli wk Deej
Det.Maek.AMar.j3d wk Dee
E.Tenn.Va.ACa. 3d wk Dec
Evaus.&lnd’plis Ithwk Dec
Evansv. A T. II. Itli wk Dec
Flint A’P. Man j. 3d wk Dec
Fla. R.A Nav.Co. 3d wk Dec!
Ft.W.A I)cn.(Mty 4th wk Dee1
Georgia Paeilie 3d wk Dee1
(Jr. Rap. A I nd.. 3d wk Dec
Grand Trunk... WIc.Dec.24;
Gn.Bay W.ASt.P November.1
Gulf Col. A s. Fe. November.!
Hous.ATex.Cen. 3d wk Dee
Huiucst’ii Ashen November.
5,100
191,217
10,815
718,933
28,6 18
301,241
62,030
7,804
64,801
31,403
IfSt.L.Alt. AT.II.
Branches
636,122
6,34
Scioto Valley....
1,018' 5,-“89,707
Seab’rd A Roan
1,408,195! 1.390,809
2,458,209 2,157,986
61,429! 2,444,135 2,354,580
401,222
8,052!
466,886
30,027
281,947
Shenandoah Val
South Carolina
19,369!
15,2(5
19,090
144,100
140,597
8,192
96,967
40,988
9,111
31,292
374,123
8,226
6,962
68,961
69,105
229,000
195,452
20,000
19,275
31,000
28,807
27,210
33,051
4,435
97,258
5,439
1 1,219
120,763
6.265
19,274
4.5,295
27,4 1 5
15,579
40,586
30,717
14,6.5,5
33,395
8,139
28,341
38,834
3 15,771
3 1.377
45,769
3
387,200
56,540
280,313
104,410;
<
3,850
36,725)
14,028
537,250
499.519
587,585!
494,380
5,509,139
372,215
102,678
1,082,191 1,028,202
2,151,552 1,947,478
54 5,359 j
523,551
327,719
1,599,000; 1,588,323
3,175,077' 2,317,801
942,036'
631,044
51,095
13,381
1,238,581
150,911
10,358
15,213
18,151
287,024
1,217,290
416,771
4,021,048; 3.782,925
32,839
595,413
508,757
3,103,250! 2,418,724
4,816,408! 4,941,810
,
542,158
325,961
70,440
7,100
02,072
303.9S3
519,182
431,819
010,057
November
November
November
November
November.
November.
November.
3d wk Dee
November.
October...
3d wk Dec
3d wk Dec
llh wk Dec
1 f h wk Dec
4 tli wk Dec
December.
November.
October...
November.
November.
November.
Spar. Un. ACol.
Staten Ts.Rap.Tr
Summit Branch
Texas A Pacific.
Tol.A.A.AN.M’h
Tol. A Ohio Cent,
1
A West..
Union Pacific...
45,300|
45,158
30,659
37,748
35,201
30,670
445,387
424,974
50,778,349:45,950,852
93,675
72,740
50,535
68,050
48,277
10,900
9,000
210,000
4,100
After
178,200
17,332
299,343
38,272
22,053
20,910
76,294
80,805
179,426
161,037
38,550
700,161
36,309
905,264
75,919
75,802
23,184
65,647
73,811
71,053
113,609
71,499
87,819
119,671
October...
355,540
October...
81,198
October
554,115
16,633
October...
October.
122,125
October
1,129,611
October... 2,669,820
October... 3,799,431
220,236
52,011
398,345
17,729
...
..
...
86,785
775,106
2,034,820
266,251
1,597,629
257,413
3,720,077
1,519,215 j 1,445,817
716.139
784,581;
4,020,814
•
501,656
630,210,
omi,431
493,S00
38,213
66,813!
8,068,306’ 7,437,904
193,452
210,584'
2,672,196! 2,395,774
2,141,758 1,825,883
778,564
929,493;
2,680,157! 1,818.406
0,215,579! 4,874,627
1,087,150 1,558,086
8,745,227 7,427,339
500,766
655,500j
561*803
83*1*640
6*86*,339
1,094,494
1,022,030
2,741,098
2,140,818
689,034
3,508,943
141,833
1,010,040
801,097
521,268
3,297,362
128.989
8,121,034; 6,889.535
2,200,706 22,055,126:19,415,436
2,975,812
30,176,158j26,304,971
170,541
October...
162,778
245,110
October,..
492,397
October...
143,1481 127,472
50,943
October...
36,119
9,510
October
9,101;
44,537
December,
50,515
117,067
November, j 1 17 ‘>oo
169,121
3d wk Dec;
13,161
Itli wk Dee;
14,659
29,958
1 tli wkDecj
31,333
22,749
3d wk Dee!
19,847)
November. 2,597,585 2,351,431
1,447,398) 1,335,421
3,419,580! 2,643,033
1,352,639) 1,261,328
552,083
576,597)
j.
117!060j
56,7931
156,602)
679,753
98,959
81,057
22,659
35,738
9,916
7,855
61,106
146,488
652,020
95,154
73,145
19,182
30,133
6,966
8,208
615
5,424
4,928
59,205
852,581
63,929
788,313
628,71 S
1,235,857!
5,970,178 5,802,470
529,488
380,252
838,454
857,151
933,163
26,313,894 23,936,613
601,160;
570,977
6,473,459; 5,579,219
5,763,941. 5,620,129
1,370,320, 1,268,891
1,079,554
550,461
588,114
2,056,485! 1,504,889
604,218
744,169)
612,5531
500,559)
286,351
288,i’SO1
190,272
* Mexican currency.
And branches.
c
8.600
20,175
315,991
44,587
16,156,017
12,013,092
33,949,808.28,769,709
137,087
85,161
144,256
Valley of Ohio.. November.
Wab. Western... 11li wk Dec
Wab., E. of Miss October
tWest Jersey— | November.
Wil. Col. A Aug iOctober...
Wheeling A L. E. Itli wk Dec
Wisconsin Cent’! [3d wk Dec
Cliie. Wis. AM. 3d wk Dee
Min. St.C. AW. 3d wk Dee
Penokee Br.,.w 3d wk Dee
Wis. A Minn.. 3d wk Dee
+
507,924
422,715
1,459,092;
489,801;
33,107 1,54 8,580! 1,338,385
36,623
389,607:
317,988
107,735 1,259,536) 1,016,894
58,940 4,219,711 i 3,232,934
57,471
454,663
447,5 49
493,150 5,722,641! 5,016,809
260,611 13,846,040 12,329,552
00,531 4,121,075 3,827,831
330,316
195,465
4,453
80,285
55,108
Itli wk Dec
..
>, Tol. P.
972,078
1,701,339 j 1,405,696
4,879,524! 3,857,706
November 1,017,159 1,382,981 16,913,361 14,118,258
November.! 1.210,501 1,092,250 12,954,754 10,836,385
814.746
858,540,
26,964
27,525
4th wk Dec
326,276;
326,177
28,300
31.404
November.
338,027 3,708,294: 3,407,310
307,724
November.
Paeilie system
Total of all..
So. Pac. ItR.
No. Div. (Cal.)
So. Div. (Cal.)
Arizona Div
New Mex. Div
4,199,71 6> 3,801,059
274.520
309,579)
310*748
823,81 1!
2,716,779 2,301,103
7,977,786 0,738,079
1,142,433 1,022,725
435,574
217,475
1,142,713 1,222,100
401,614
283,007
5,15^,006 4,135,419
190,771
234,814
868,937!
759,379
2,495.077 2,094,994
933,150
1,031,994!
717,635!
445,481
819,797
1,227,154'
2,294,832 2,033,121
17,749,509 .6,820,127
420,967!
310,904
2,572,007
2,807,142.
144,3411
144,288
57,509!
144,022
November. 4,735,154 4,347,218
Tex. AN.Orl..
Atlan’c system
6,592,292
845,161
198,035
1,047,435)
6,019
49,923
156,726
129,904
November.
Gal.Har.AS. A.
Louis’a West..
Morgan’s LAT.
N. Y. T. A Mex.
678,396*
-
749,462
3,239,485
2,980
448,465
38,070
43,574
October...
So. Paeilie Co.^-
56,0901 3.271,766:
30,803! 1,517,2951
13,131
1.5,329
15,692!
St.Paul ADuluth
St.P.Min. A Mail.
S.Ant.AAr.Pass.
04,231
5,284,758 j 4,372,892
16,373
7,176
101,13.5
12.217
10,038
33,682
424,437
9,779
18,736
6,290
62.1281
St.L. Ark. A Tex
St.L.A San Fran.
7,131
436,202
7,043
,168,8i 0 1,038,599 10,689,304
106,872 i
15,392
10,540
84,855
765,251|
82,23.5
625,525!
54,843
67,128
53,535 2,616,223;
57,637
Ind.Bloom. A W. Itli wk Dec1
170,219;
11,622
18,560
Ind. Ill. A Iowa ‘October.
381,094'
42,511
33,298
Ind. Dee. A Spr. November.
38,272 2,141,758
44.587
Ind. A St. Louis 3d wk Dee!
402,173;
35,492
33,624 |
Jack. T. A K. W. November.
50,820, 2,642,320]
42,178
K.C.Ft.8. A Gulf. 3d wk Dec
40,965! 1,975,823!
37,932
Kan. C. Sp. A M 3d wk Dee
253,311
4,005;
5.028
Kan. C. Cl. A Sp 3d wk Dee1
884,493'
92,261!
Kentucky Cent October... I 104,797
..
2,650,190)2,302,009:21,949,103
,650,190 2,362,609 21,949,163 23,1
1,707,873
213,274
823,300
•
P’rtRoyal AAug. October
Pt. R’al A W.Car. October...
...
November.
1,973,502
2,994,627
401,223
439,806
839.953
1,008,043
10,020,181 13,978,734
2,240,978 1,881,260
2,213.233 1,803,782
718.859!
694,459
..
5,900,898
123,8451 1,219,874 { 1,190,888
.
300,290
Petersburg
Phila. A Erie
fPliila. A Read’g. October... 2,085,791 1,961,676 18,089,322
2,321,204 1,735,217 15,860,486
Coal A Iron Co. October
Tot.bothCo’s October.. 4,406,996 3,696,894
509,498
044,920;
31,810!
280,000:11,597,072 10,081,802
205,883
21,4081
249,947
50,902
109,995
..
'
315,420
2,485,232! 2,224,459
242,182
213,769 2,780,435; 2,170,826
259,025
677,102:
674,202
84,945
r 80.974
3,250,304 2,885,832 33,067,003 29,705,953
12,473
441,664! 419,243
11,358
2,183,249 2,048,513 22,434,301 21,017,360
—
Oregon Imp. Co
Oreg. R. AN. Co.
60,465
17,595
..
Minn.ANo.West. 3d wk Dec
Miss. A Tenn
3d wk Dec
December.
Mobile A Ohio
Nash. Ch. ASt.L. November.
New Brunswick. October..
N.Y. Ceil. AH.R. November.
N.Y. City A No.. Wk. Oct. 8
cN.Y. L.E. A W November.
N.Y. A New Eng. November.
N.Y. Out. A W... 14th wk Dec
N.Y. Phil. ANorf.'Septemb’r.
N.Y. Sus. A W...|November.
Norfolk A West. Itli wk Dec
N’tlieastrn (S.C.) October...
Northern Cent’l.jNovember.
Northern Pacific 4th wk Dec
Ohio A Miss
4 th wk Dee
Ohio River
Itliwk Dec
Ohio Southern. December.
99.395
140,017
22,084
31,684
18,405
Minneap. A St. L.!October...
Min.St.Ste.M AA October
17,773
94,872
7,244
12,308
47,255
196,250
155,836
50,383
Lykens Valley.. November.
j
J
{P
6,409
Keokuk A West. 3d wk Dee
1886.
1887.
1886.
1887.
AND
giiitoaxl intelligent*.
Jan. 1 to Latest Date.
Earnings Reported.
Latest
Roads.
deducting earnings paid over *o
leased roads operated on a per¬
centage basis.'
tXot including
100,380
387,801
<[ Including
Central of N. J. in cither year.
Ind. A St. Louis.
,825,883
252,459
230,673
765,051
Latest
Gross
Earnings by Weeks.—The
earnings in the foregoing
below,
.
latest weekly-
table are separately
summed up
Jastuary 7,
1888.]
continue generally satisfactory.
have returns of thirty12*75 per cent on last
Five roads report decreases.
4th week
1886.
1887.
of December.
Buffalo N. Y & Pliila
Buffalo Rock, A Pittsburg.
Cairo Vin. it Cliie. ..
Canadian Pacific
Chicago it Atlantic
Chicago & East III
Chicago A Iml. Coal
Chicago Mil. A St. P aul. .
Chicago it West Mich ....
Cleveland A Marietta
Col. Hock. Val. A Tol
Den. A Rio Grande..
Detroit Bans. A North
Evansville & Ind
Evansville <fe T. H
Fort Worth A Denv. City.
Ind. Bloom, it West
Lake Erie & Western
Long Island
Louisv. Evansv. it St. L..
Louisville it Nashville
Louisville N. Alb. it Cliie.
Louisv. N. O. it Tex
Mexican Central
Milwaukee L. Sh. it West.
New York Out. it West...
..
Norfolk & Western
Northern Pacific
Ohio <fe Mississippi
Ohio River
*
Peoria Dee. it Evans
65,000
44,400
3 7,216
286,000
50,807
40,014
13,637
742,401
53,630
17,860
341,000
63,248
44,003
13,820
800,000
220,000
....
33,548
6,516
4,102
4,683
(5,160
10,036
61,335
5,752
50.510
....
15(»'720
50,383
138,(570
80.285
51,005
33.107
58,0 16
325,061
200,641
(55,320
60,531
4,453
20,9(54
2,647
45^300
Pittsburg it Western
80,805
170,426
36,309
14,(550
31,333
15(5,602
St. Louis Ark. it Texas...
St. Louis it San Fran
St. Paul it Duluth
Toledo Anil A. it No. Mich,
Toledo A Ohio Central
Wahasli Western
39,524
712
.......
5,563
21.330
0,015
5(51
142
45.158
7(5.20 1
4,511
161,037
18,380
38.550
1,408
1,375
13,1(51
20,058
22,(550
146,488
10,182
10,114
3.477
3,058,461
3,510,061
401,249
447.500
Wheeling A Lake Erie
...
2,076
99,395
25
84,671
501,18(5
390,777
48,226
28,512
182,434
122,883
Ort. 1 to
Nor. 30.—*
1886.
277,220
228,553
33,61;>
.
131,873
18,486
Net..
Covers
1.
,—
'
108,540
13,212
1*^7.
48,757
operations.
only coal and mining
INVESTMENT NEWS.
GENERAL
Certificates of Stock in England.—a case
lately tried in the London court before Justice Mani9ty seems
to ne of much interest to the holders of American stocks
abroad. Tae case is that of the London County Bank vs.
the River Plate Bank.
It arose out of the frauds of Warden
and Watters upon the defendant bank, and the chief subject
at issue was as to the negotiability of Pennsylvania Railroad
shares with blank endorsements.
Evidence was given that
London
sanctioned by
of holder
negotiable instru¬
they were negotiable according to the custom
the
Stock Exchange; but, while admitting the market custom as
proved, Justice Manisty held that it was not
law; that the necessary complement of the right
a
of such shares not in his own name to sue was not fulfilled;
and, therefore, they could not b- treated as
ments. In this, he relied upon the decision in “ Crouch vs. the
Credit Foncier.” The London Timex' money article says:
2,24 1
“The result of the ease appears to confirm the previous decisions,
arising from the Blakeway frauds, to the effect that the form of certifi¬
cates adopted by American railroad companies, with power of attorney
indorsed in blank on the back, does not convey a sufiicient security of
title to make it thoroughly safe to lend money upon such securities itt
13,749 their present form. It is therefore evident tlint although a bank or a
Stock Exchange firm maybe holders for value of American railroad
share certificates, still, if they have been stolen, the real owner can fol¬
of
........
......
Earnings Monthly to Latest Dates.—The tables follow¬
ing show the latest net earnings reported this
returns for each road being published here as soon as received,
but not kept standing from week to week.
The first state¬
ment includes all roads for the latest month and from Janu¬
ary 1, 1887; following that we give the totals for the
Net
West ...Gross
OCTOBER
,
November.
1886.
1887.
American
3,605
17.773
377,(565
*
5,841
820
106,250
27
111,227
Gross.
6,384,283
...
1,079
44.742
7,100
Total (30 roads)
Net increase (12‘75 p. c.)
Roads
N. Y. Out. A
102
5,430
15,570
8,130
53,535
40.121
70,44(5
Central
—
33.051
53,804
50,002
27,800
442,000
56,2(52
90,419
2,535,499
1.326,440
.
YEAR BEGINNING
3,080
68,0(51
105,452
57,637
510,182
224,703
.
Net..
Net..
3,351
144
1*1,655
616,057
358,075
R’y&Nav. Co..Gross
Tol.it Ohio
$
2,600,620
2,610.407
1,2(56,834
2,945,040
.
Oreg.
Nor. 30.—*
1886.
$
7,174,730
r
57,590
1887.
$
$
,281,007
1,501,808
1
Gross
Net..
626,282 530,858
644
1,553
6,265
10,274
Louisv. A Nashville
r-Jnlxi 1 to
.
55,000
8,226
27,210
Roads.
9,149
30,627
28,648
0,770
69,105
,
$
$
6,500
$
$
72.400
Decrease.
Increase.
JULY 1.
x
November.
1887.
1886.
YEAR BEGINNING
The reports of earnings
For the fourth week of December we
nine roads arid they show a gain of
year.
37
THE CHRONICLE
week, the
without compensation. It is
low and obtain them back
that large firms in the
are running a considerable risk,
with £ 100.000 or more of stolen
low.
In Amsterdam this difficulty
the creation of a body called the
upon which the system
therefore clear
American market on the London Stock Exchange
for they may some day find themselves
shares, which the real owner may fol¬
was long ago understood and met by
‘Administration of American
Railroads,’
of the English Association of American Boml
and Shareholders is exactly based. The plan adopted by the latter assig¬
nation is a very simple one, but has not yet met with the support it de¬
year on those companies whose fiscal year does not
serves.
Under it American shares are first sent to the United States and
with the calendar year.
registered in the name of the Association, and then they are lodged with
1.
the London and Westminster Bank, and against these shares the Asso¬
YEAH BEGINNING JANUARY
ciation issues its bearer certificates, countersigned by the Bank. The
Tan. 1 to Nor. 30.—«
November.
1887.
1886.
owner of the shares can receive them back whenever he wishes on re¬
1887.
1880.
turning the certificate. We hear that the subject has created great in¬
$
$
$
$
Roads.
in the Stork Exchange to-day, and that some of the banks h ive
1,850,060 1,655,031 terest
173,830
160,023
Allegheny Valley
Gross.
724,043
616,640 intimated to their customers a desire to have the present faulty system
fiscal
correspond
.
■x
,—
Net...
6 ,318
77,340
changed.”
Gross. 1,286,237 1,073,286 10,454,672 0,187,702
3,423,242
3,140,411
Boston & Lowell.—At B ston, Jan. 4,
Net...
511,000
448,237
25,448,822
24,350,976
stockholders
held their annual meeting
Chic. Burl. A Q
Gross. 2,382,005 2,256,330 11,4(52,885 11,85 4,351
Net... 1,184,048 1,140,732
following board of directors:
420,967
316,003 E. E. Clark, Channing Clapp, W. P. M «son,
34,377
36,724
Or. Bay Win. A St. P..Gross.
Net...
0,450
11,005
W. A. Haskell. No annual report has been
14,594,911 12,600,820
Louisv. A Niushv
Gross 1,501,808 1,281,007
Morey stated that the road
Net...
626,282
530,858 5,676,378 4,983,430 Maine for a fixed sum and ihat the earnings
1,531,406
206,228 241,501 1,012,828
Louisv. N. Or. A Tex..Gross.
416,450 to the rental.
It will be regretted that a
553,207
Net...
124,610
110,153
3,416,726
4,346,524
Central of Georgia— Vt
Mexican Central
Gross. 468,080 379,002
1,172,702
Net...
205,750 170,520 1,882,355
annual
election for di-ectors was
131.873
108,540 1,430,683 1,230,830
Gross.
N. Y. Out. A West
180,520 shares in the total of 7o,000 were
257,864
Net...
18,486
13,212
ticket, and it was one named
337,328
325,654 3,782,446 3,530,013
Ohio A Mississippi.. ..Gross.
Net...
82,563
103,800 1,323,827 1,0(50,642 which has controlled the company for a
510,182 4,816,408 4,941,810 directors elec ert were: John C. Calhoun,
616,057
Oregon It. A Nav. Co.Gross.
New York; E. P. Alexander.
Net...
358,075 224,703 2,150,751 2,122,006
Inman, J. J. Wilder, E. M. Green,
Pennsylvania Company—
16,013,364 14.118,258 Ptunizy, J. K. Garnett, A.
Northwest, system.Gross. 1,617,150 1,382,081
theB sfon & LowelT
and elected the-
Canadian Pacific
Net...
544,065 6,210,966 5,18(5,777
1,002,250 12,054,754 10,830.385
271,765 257,250 3,410,801 2,548,005
367,724 338,027 3,708,204 3,407,310
142.873
123,083 1,492,877 1,374,066
68(5,330
831,640
87,810
71,053
130,300
112,750
4,063
10,400
628,718
147,222
117,0(57 1,235,857
610,267
Southwest, system..Gross. 1,216,501
Net...
Philadelphia A Erie..Gross.
Net
..
Shenandoah Valley..(truss.
Net...
*
Summit Branch
*
Lykens Valley
Gross.
Net...
Gross.
Net...
Toledo A O. Central. .Gross.
Net...
Roads.
California Southern. .Gross.
&
Net...
Central of N. Jersey .Gross.
Net...
Central Pacific
1886.
1887.
$
$
124,622
67,522
30,561
13,202
071,048 1,040,806
40(5,416
18c7.
$
1,100,708
500,303
9,507,422
4,519,803
1886.
$
564,032
def. 3,380
8,770,520
3,724,314
9,940,703
5,257,088
372,031 3,687,228 3,397,31(5
128,380 1,163,227 1,044,515
474,427
.Gross. 1,333,101 1,141,081 11,190,043
627,305
601,870 5,321,306
Net...
Chesapeake & Ohio.. .Gross.
Net...
Southern Pacific Bit.—
Nor. Div (Cal.).... .Gross.
120,825
8,645
31,073
10,030
604,450
718,850
91,872
60,465
6,638 (lef. 1,762 def. 00,895 def. 93,074
074,04(5
744,927
111,227
84,671
327,983
223,041
48,226
28,512
,—Jan. 1 to Oct. 31.—x
October.
s
.
Net...
So. Div. (Cal.)..... .Gross.
Net...
Arizona Division.., .Gross.
Net...
.Gross.
New Mex. Div
Net...
412,340
140,430
Elwin Morey, T. J. Coolidge,
A. Cochran an i
issued. President
had been leased to the Boston &
had been equ«l
report is not roa ’e.
Savannah, Ga., January 2, th >
held Fifty six thousv d*
voted. Thf re was but one
by the New York syndicate
year past. Tne
Walter Luttgen
Hugh T. Inman. Samue’ M.
Patr ck Calhoun, C. 11.
E. Mills, C. R. W j ids, Abr.ha n
Vetsburg of Georgia; and H. B. Hjilins of Now York.
fo’lowingis a comparative statement
snd fixed charges of the compsny
for October, ai d from J^nuiry 1 to October 31.
The mileage
is 1,410, aghinst 1,331 last year :
Central Pacific.—The
of the earnings, expenses
1887.
Gross
1,447,398
1,335,421
170,541
83,274
492,307
85,4453
673,805
668,344
245,110
3,419,580
1,100,245
2,(543,033
210,15(5
143,148
31,024
36.110
1,923
68,8(5(5
127,472 1,352,630
541,034
48,690
57(5,507
50,043
245,132
21,002
80(5,081
1,261,328
55(5,050
552,083
264,052
/
188(5.
$1,333,101 $1,141,081
earnings
Tftn. 1 to Or'. 31.
1887.
Net earnings
Add rentals
$627,305
1,044
$601,870
Total net income
Fixed charges'
$628,430
455,808
10,439
$5,331,835
4,588,735
Net profits
Construction & imprt.
$172,(531
25,210
$743,100
178,115
$564,085
Fixed charges include rentals, interest, taxes and U. 8 Government
$147,412
Balance
*
t
5,869,247 4,(582,715
$5,321,30(5 $5,257,98V
530,202
..
1881,.
$11,100,643 $9,910,703
705,70(5
Operating expenses
sinking fund,
and rentals for
leased lines.
reorganization of
yet made.
been n off
sati-factory. Whjn they took possession on Jaruiry 1, 18^7,
$1,500 000 of iuteied wes in default, with also an indebt¬
edness of $750,000 to Mr. L’ttle, the fo’mer receiver.
During
year this last indebtedness was taken up an 1 all arrears
of interest paid off with ut issuing a single iectivji’o certifi-
Central Railroad of New Jersey.—The
has been one of tho mos*- successful
The receivership of Messrs. Kennedy and H iriis has
this company
162.778
October.
,
over
the
THE
38
CHR0NK1E.
Of the old issues of bonds only about $5,000,000 remain
outstanding, and the fxcbanges already made will effect an
annual saving of $335,000 in charges.
Ihe new President, J.
Rogers Maxwell, of the firm of the firm of Maxwell & Graves,
is liLown to be a capable and efficient financier, and Joseph S.
Hart is of the Lehigh Navigation Company has been appointed
Vice-President, and will give special attention to the interests
of the Lehigh & Sutqutliaanna Railroad.
A full report of the
receivers will be found under the heading of ‘’Reports and
cau
.
Documents.”
Dale, and R. E. Phillips of Marietta, O.; Daniel B S:ewart of
Athens, O. The officers elected were: President, Walter
Stanton; Vice-President, William Edward Coffin; Treasurer
and General Manager, T. D. Dale.
The reports of the Presi¬
dent and Treasurer show the finances of the road to be in a
very satisfactory condition.
The net ea:nings of the road for
the fabt year were $45,240; surplus, after pjying interest on
bonded debt, $6,240.
& Atlantic—Canadian
January 6.—“ The first
Minneapolis Sault Ste. Marie
Marie, Mich.,
Pacific.—Sault Ste.
Chesapeake & Ohio Canal.—The interest overdue since Jan.
Chesapeake & Ohio Canal Company’s $493,000
of repair bonds of 1878 is bting paid in Baltimore.
1, 1887, on the
Cincinnati Jackson & Mackinaw.—Official announcement
is made of the
Addison
beiwten
[ Vcl. XIAI
completion of the Ohio line of this railroad to
Juncticn, Mich. This forms a new through line
Toleco, O., Allegan, Mich., and Carlisle and Cincin¬
nati, O.
Delaware & Hudson Canal—Rutland Railroad.—The Rut¬
land Railroad has formally passed into the hat ds of the Dela¬
ware and
Hudson people. At a directors’ meeting all the
Rutland directors, with the exception of P. W. Clement and
George H. Ball, the fonner representing Vermont and the
latter Boston interests, handed in their resignations, which
were accepted, and their places were filled by members of the
Delaware & Hudson directory.
Mr. Clement will become
President of the Rutland for the coming year.
Dividends at Fall River.—A press dispatch reports : “ The
total dividends in 1886 showed $1,047,550 paid by 33 corpora¬
tions on a capital stock amounting to $16,118,000, and not in¬
cluding the Pocaeset Mill, which paid no dividend. Tne total
dividends of 1887 show that 34 corporations, including the
Conanicut, Anawan and Fall River manufactory s, which
declared dividends, paid on a total stock of $17,768,000 divi¬
dends amounting to $1,458,540, or about 8 1-5 per cent.”
Dubuque & Sioux City.—The Dubuque & Sioux City Rail¬
of its relation to the Cedar Falls &
through train enthe Canadian Pacific arrived here from Mon¬
treal ycsterday with Sir Donald Smith, Manager Van Horn
and other Canadian Pacific officials on board. It was met by a
special irom Minneapolis with President Washburn, Manager
Underwood and Capt. Rich of the Sault Ste. Marie Road.
The parties had a conference upon the question of establishing
regular through trains from Minneapolis to the seaboard.”
N. Y. Central & Hudson.—The directors met and declared
only the usual 1 per cent dividend for the quarter ending Dec.
31 the first quarter of the fiscal year.
The statement
given cut (paitiy estimated in 1887) shows net earnings equal
to 1-84 per cent, or a surplus over the 1 per cent declared of
$750,717. The gains over the quarter of 1886 are $669,000
gross eainings and $37,000 net earnings.
The statement
was as below given:
Est. 1887
Fir cent.
$0,990,000 00
6,300,000 00
Net earnings.
First charges.....
$3,600,000 00
Profit
Dividend Jan. 15.
Actual, 1886.
Per cent.
Gross earnings...
Oper. expenses...
$9,021,256 20
5,458,740 00
60*51
$3,562,506 76
1,957,200 00
1,955,000 00
01*84
01*00
$1,645,000 00
894,283 00
$1,605,306 76
804,283 OO
01*80
01*00
$711,023 76
$750,717 00
Surplus
Northern Pacific.—The Philadelphia Press says of this
: “The Northern Pacific Railroad Company will pay out
road
nearly $6,000,000 in cash this month. The ordinary payments
at this season are the interest on the $46,878,000 general first
mortgage bonds and the interest on the dividend scrip. This
The Dubuque & Sioux City Railroad Company be¬
year, however, some extraordinary disbursements will be
lieves, upon evidence all discovered since the election of the made.
'Ihe dividend scrip, amounting to $4,640,821, fell due
new board in Sep’ember last, that the contract of lease in
Janutryl.
About $1,600,000 was received under the offer
I860 of the Cedar Falls & Minnesota Railway for 40 years, was
President Harris made to holdeis last summer.
The balance,
in fiaud of the shareholder of the former and is illegal and
ahem $3,000,000, the company is now ready to pay, principal
void.
The Supreme Court of Iowa has been asked by the D.
and interest.
The half-yearly interest on the general first
& S. C. 10 pass judgment on the facts and the validity of the
mortgage bonds amounts to $1,406,340, and the unpaid inter¬
lease. The su.t will be at issue on the 10th instant. The est on the
scrip amounts to about $250,000. The company has
Dubuque & Sioux City has relused to pay the rental for a floating debt of about $1,000,000, wffiich will be paid this
October, November and December last to the C. F. & M., but month.
All these items figure up $5,656,340, which the com¬
has offered to pay it in court pending the decision. About
pany will pay out in bard cash during January.
These pay¬
the time of the execution of the lease the Cedar Falls &
ments are not only a matter of large financial intere t, but
Minnesota put a mor gage on its road and issued bonds there¬
they indicate that the Northern Pacific Company is in a sound
under. A year afterward the D & S. C. was leased to the condition.
The new third mortgage bonds have been sold to
Illinois C ntial to.- 20 years, and no longer, unless the latter the amount of
$8,000,000. The balance of the issue, $4,000,000,
exercised the right to renew the lease in perpetuity.
In that will be kept in the treasury. The company has good assets to
lease the Illinois Central assumed the lease of the C. F. & M.
the amount of $6,000,000, or $10,000,000 altogether.
During
to the D. & S. C. for tne given perioi.
The Illinois Central this year the general first mortgage bonds will be retired to
surrendered the lease of tne D. & S. C in 18 7, and the obli¬
the amount of $1,000,000.
The company earned in November
gation and the right of 1 he formal* to pay rental to the C. F.
$307,000
all
fixed
charges.”
above
& M. thereby terminated.
The President of the C. F. & M.
Pacific Railroads’ Debts.—Under the act of Congress applaced an endorsement on its bonds, more than a year after
they were authorized to be issued, implying that the Illinois pioved March 3, 1887, entitled “ An act authoriz ng an inves¬
Central Lai assumed the lease of the C. F. & M. to the D.- &
tigation of the books, accounts and methods of railroads
S. C. for its full term of 40 years, whereas the Illinois Cen¬
which have received aid from the United States, and for other
tral's promise to the D. & S. C. was only during the perioi of
pun oses,” the President appointed Messrs. Robert E. Pattison,
the lease of the D. & S. C. to the Illinois Central, which wras
of Pennsylvania; E. Ellery Anderson, of New Yrork, and
20 years.
The endorsement on the C F. & M. bonds did not David T. Littler, of Illinois, Commissioners to carry on the
set forth this limitation of the promise made by the Illinois
inve stigation.
Two reports have been submitted to the Presi¬
Central. The question raised in the Iowa Court is over the dent— a majority leport by Messrs. Anderson and Littler and
hti.se of the C. F. & M. to the I). & S. C.
It does not affect a minority re port by Mr. Pattison.
The latter condemns the
the validity of the bonds.
The D. & S. C. o ly contends that management of the roads in the past and suggests a forfeiture
the lease is invalid and void.
If there is a default by the C. of the charters, the appointment of a receiver by the Gov¬
F. & M. in not paying its coupons, the bondholders can pursue ernment, and the bringing of actions against all parties
their remedy against the property and take possession of the involved.
entire load, by the usual procedure in such cases, or can look
The report of the majority, after reciting the methods pur¬
to those who placed an inexact endorsement on the bonds.”
sued in their investigation, relates at length in its three sub¬
New York, Jan. C, 1888.
divisions the present condition of the companies, their rela¬
A. G. Hackstaff,
tion with the United S.atis and the remedial measures to be
Sec’y Dubuque & S. C. R. R. Co.
way makes this statement
Minnesota bonds:
‘
Indianapolis Decatur & Western.—The reorganized In¬
dianapolis Decatur A Western Railroad, formerly the Iudianapohs Decatur & Springfi-ld, has practically passed into the
possession of the Evansville syndicate, and will be operated in
the system controlled by it.
An inspection trip was made
last week bv Piesident Mackey.
The road was bought in at
fo.eelosure by the second mortgage bondholders, whose hold¬
ings at par value are $2,800,000. It is the understanding that
the syndicate took ihe^e at 40 cents, or $1,120,000. The first
..mortgage bonds, an.ouning to $1,800,000, drawing 7 per cent
interest, are aho outstanding. The total ccst of the 153 miles
of load, therefore, is $2,920,000.
It will be operated in con¬
nection witli the Peoria Decatur A Evansville Road, and a
Lew passenger and
freight line will be established at once
between Indianapolis an i lEoria.
Marietta Columbus A Northern. —The annual meeting of
the btocLnoldeis .>i ti ia c mpany was held in Maiietta, Ohio,
January 4 h. '1 h ditecior* elected were Walter Stanton and
W ’bam Edwatd Ci fiiu of New York; F. II. Prince of Boston,
?.
a
;•
.
1.
i).
Dale, William P. Caller, Charles E. Gard, E. R.
adopted, the financial operations of the companies, and the
answers to the various interrogatories contained in the bill
under which the Commission was constituted.
It states that the indebtedness of the LTnion Pacific
Company to the United States, as existing to
tially as follows:
The Union Pacific Railroad
Tile Kauaiis Pacific Railroad
Tlie Union Pacific Railroad, interest accrued to Nov.
but not due
Tlie Kansas Pacific Railroad, interest accrued toNov.
but not due
So
Total
that the present
Pacific Railway is
7
day, is substan¬
$27,230,512
-
1, 1S87,
0,303,000
32,039,343
-
......
Total
The amount in United .states bond and
both companies is
Tlie amount in sinking fund account to
Railway
1,1887,
7,708,113
:
$73,340,008
interest.- account for
Nov. 1, 18s < ..is
.$15. 110,801
7,734,081
...$23,174,070
balance of obligations of the Union
$50,171,002
This amount should not be confounded with the presenvalue of tli.* debt,
for the
leason
that the United States i
s
January 7,
THE CHRONICLE
1888.J
under the obligation of continuing the payment of 6 per
on the outstanding subsidized bonds until their maturity,
the company is liable to refund such payments at
of the bond-5.
cent
and
the maturity
The principal of debt of Union
Add ISO per cent interest
Pacific and Kansas Pacific
Total debt at maturity
Deduct amount to credit of both
interest account Nov. 1, 1SS7
Balance at maturity of
is.$33 339,512
00,371,121
$93,910,033
companies in bond and
15,510,891
$78,309,741
bonds
date of maturity of the debt of both companies
July 10, 1897.
The approximate present value of $78,309,741 GO, dis¬
The average
is
counted at 3 per cent, compounded,
Deduct amounts in sinking fund.
is
$58,491,250
7,734,083
$50,757,173
Present value
approximation to explain
submitted, and will of
course be altered if actually applied at the date named in these
bills. The requirements under the provisions of the mortgage
proposed by the bill would be as follows for the first 10 years:
Three per cent of $50,757,000
$1,522,710
This result is only intended as an
the operation of the bills herewith
One half of 1 per cent
of outstanding bonds
253,785
39
requirements in all important particulars, except that
cf the non-acceptance of the prescribed terms, the
Central Pacific Company and the Sioux City & Pacific Com¬
pany are n quired to pay to the Government all the net earn¬
ings of their subsidiz-d roads, and the Cential Branch, Union
Pacific, 75 per cent, as against onl} 40 per cent for the Union
Pacific.
The abstract of the bill regarding the Union Pacific
Road is as follows: It is a bill amending the acts approved
July 1, 1862, July 2, 1864, and May 7, 1878, and providing
“for a settlement of the claims growing out of tbe issue of
bonds to aid in the constiuetion of the Union Pacific and
Kansas Pacific railroads, and to secure to the United States
the payment of all indebtedness of said companies.”
The provisions of the more important sections arekas follows;
Section 1 instructs the Secretary of the Treasury to ascer¬
tain the total indebtedness ©f the Union Pacific Railroad Com¬
pany and the Kansas Pacific Railroad Company, to which the
Government’s subsidy bonds were issued, upon the same
principle as if the principal and interest paid and to be paid
by the United States were to be discharged in cash on July 1,
1888. From this sum the amount of interest which has been
reimbursed to the Government is to be deducted. Then com¬
pute the worth of the amount so found as of July 1, 1888, on
the basis of 3 per cent per annum, by discounting the amount
same
in
case
at 3 per
cent per annum,
compounded semi-annually for the
period between the date of average maturity of the bonds and
Total
$1,770,495 July 1, 1888. From the amounts so ascertained the amounts
in the sinking fund applicable to the companies, computed at
After the expiration of 10 years the annual requirements
their market value shall be deducted, the sum thus obtained
would be $2,030,280.
being’deemed the entire sum due the United States.
The report adds that it is universally conceded by every
Section 2 provides that the company shall deliver to two
intelligent person who has studied the subject that the Union trustees a mortgage bearing date July 1, 1888, covering the
Pacific Railway proper or its system cannot pay the indebted¬ entire
property of the company, real, personal and mixed,
ness to the United States at maturity.
It was decided, there¬
assigning to the trustees all interest in any bonds, stock and
fore, “ to submit a scheme which shall secure to the United lands of all branch lines and auxiliaries in which it has any
States full payment of all debt3 due it from said company,
interest, this property beiDg held by the trustei s as security
with a reasonable rate of interest, having due regard to the
for the final payment of the bonds and interist on them,
financial ability of said company, and the proper conduct of
authorized by this act. The road shall have the right to dis¬
its business in such a manner as shall afford efficient service to
pose of property or assets in a proper m inner not in diminution
the public*.”
of the security and lien of the Government, providing such
The history of the Union Pacific Railway as developed in
transfer is reported to the Secretary of the Treasury within 30
the second part of the report will it is claimed, “show that
days after it is made.
the assets have been in former years largely misapplied, and
Section 3 provides that one trustee shall be appointed by
that its financial ability to meet its just obligations has been
the road, subject to the approval of the President of the United
largely impaired by the action of men who held fiduciary States, the second to be appointed by the President. The
relations to the corporation.”
latter may also be the trustee of any other road having re¬
As to the Central Pacific the report finds that 869*66 miles
ceived Government aid, and his salary shall be $10,000 a year.
of its system is subsidized for $27,855,680, and with the South¬
Section 4 provides that the road may is me its bondB in
ern Pacific system is leased to a Kentucky corporation known
amount equal to the asceitained indebtedms5, the bonds to
as the Southern Pacific Company.
The value of the Central be in sums of $1,000 each, due in 50 years, an el bearing 3 per
system is put at $110,000,000, which the Commission thinks cent interest, payable semi-annually.
excessive when the cost of production is fixed at but
Section 6 provides that the company shall pay one half of 1
$50,863,540. The amount of the debt due the United States is per cent
up to and including 1898, and 1 per cent thereafter
figured at $60,223,981, from which is to be deducted the on the entire debt as a sinking fund applicable to the redemp¬
amount of the bond and interest account held by the United
tion of the principal of the bonds either at maturity or in case
States, $6,208,379, and the sinking fund of $3,418,996, making of default, the trustees having power to invest this fund, and
the net amount of the obligation $50,596,585.
This sum must being
required to report as to its condition on the 1st day of
not be confounded with the present value of the indebtedness,
of each year.
August
for the reasons stated in considering the debt of the Union
Section 7 provides that the existing Hen of the United States
Pacific.
The principal of the debt of the Central Pacific,
shall be in full foTce until all the liens on the property mort¬
including the Western Pacific, is $27,855,680, to which is to
gaged are satisfied.
be added 180 per cent interest, $50,140,224, making the total
Section 8 provides that no stock dividends shall be paid
debt at maturity $77,995,904.
From this is to be deducted unless the dividend
shall have been actually earned in the
$6,203,379 bond and interest account, leaving a balance of fiscal
year preceding, nor until all interest on tne bonded debt
$71,792,524 as the debt at maturity of bonds. The average and the sinking fund obligation have been met. No dividend
date of maturity of the Central Pacific is November 16, 1897,
shall exceed 4 per cent per annum, unless a like sum in excess
and of the Western Pacific September 5, 1893.
of that per cent be paid to the sinking fund.
Any officer
The approximate present value of $71,792,524, discounted
assisting in declaring a dividend in excess of the amount spe¬
at 3 per cent, is
$52,750,000 cified shall be liable to a fine not exceeding $5,000 and impris¬
Deduct amount in sinking funds
;
3,418,990
onment not exceeding two years.
Balance
$49,331,003
Section 12 provides that the act shall take effect cn its
The requirements under the provisions of the mortgage pro¬ acceptance by the company within one month after its passage,
subject to the completion of the settlement and adjustment of
posed by the bill would be as follows for the first ten years :
Three per cent of $49,331,003 is...
$1,479,930 the debt on the basis provided. Upon the acceptance the
One-half of 1 per cent of outstanding bonds
240,035 Secretary of the Treasury is authorized to sell any securities
held in the sinking fund of the companies for their benefit,
Total
$1,720,505
The new bonds shall be issued on or before Oct. 1, 1888.
And after the expiration of ten years the annual require¬
Section 13 provides that in case the company refuses to
ment would be $1,973,840.
accept the provisions of the act before Oct. 1, 1388, there shall
The same considerations which have influenced the action
be charged to and collected from the company 40 per cent of
of the Committee in regard to the Uuion Pacific apply to the their annual net earnings in lieu of the 25 per cent now pro¬
Central Pacific.
It is equally desirable to substitute for the vided for; and section 14 gives the Secre.ary of the Treasury
percentage system the payment of fixed sums, but, says the power to sell the securities now held in the sinking fund and
report, “the application of the remedy to the Central Pacific invest them in any Pacific railroad first mortgage bonds aided
Railway Company is a difficult task.”
* * * “We with bonds of the United States, or any other bonds of the
herewith submit a bill applicable to the Central Pacific Rail¬ United States, in his discretion.
road Company, prepared on the same principle applied to the
Philadelphia & Reading.—On Jan. 1 1888, without any
Union Pacific Railroad Company, except that in the event of
formalities, the Reading Railroad Companv passed out of the
a refusal to accept its provisions the entire net earnings of the
It
subsidized portion of the road shall be applied to the sinking receivers’ hands and imo the control of tbe stockholders.
will be four years next June since the company for the second
fund and intere.t account, as directed by the Thurman act.
receivers’ hands and taken altogether the
The financial inability of the company to meet these require¬ time went into
ments is the result, as before stated, of the i>rofligate and
reorganization of this company without foreclosure is per¬
avanton dispersion of the assets of the company in dividends,
haps the mo3t remarkable railroad negotiation that has ever
the aggregate amount of which exceeded $34,000,000, and the been carried out in this country. The officers of the company
extravagant contracts, persisted in to the present time, as who now have charge of its business are Austin Corbin, Pres¬
evinced in the case of the construction contracts for the ident; William R. Taylor, Secretary, and W. A. Cnurch,
northerly end of the California & Oregon Railroad, by the Treasurer.
Pacific Improvement Company, entered into in October,
Poughkeepsie Hartford & N. E.—Poughkeepsie & South¬
1886.”
western.—
At Albany, N. Y., Dec. 31, 1887, articles of consoli¬
With the majority report are submitted four bills for the
dation were filed in the Secretary of Slate’s office uniting these
consideration of Congress.
These make substantially the
THE CHRONICLE
40
$1,400,000. The directors are E. R.
Chapman, H, H. Boody, and others. This consolidation s to
roads, with a capital of
unite the Hartford &
Connecticut Western Railroad with the
[Vol. XLM
cisco directors’ party, there is likely to be considerable work
done soon on the gap in the company’s transcontinental line."
*
*
*
“The Atlantic & Pacific is as yet not completed be¬
Albuquerque, N. M., and Sapulpa, Indian Territory;
the only remaining link to be constructed in the
Railway Building in 1887.—The Railway Aye gives some through line to the Pacific Coast. Surveying and a little
particulars of the railroad building in 1887, and remarks that: grading is now being done on the proposed line in the Pan¬
No less than 364 different railway lines, counting each handle country, and a force of engineers, we learn, has now
branch as a separate line, have been constructed in the United been dispatched from Albuquerque to work eastward from
States.
This work has been done by about 250 different rail¬ that point until the party now at work in the Panhandle is
Next year, it is stated, grading and possibly trackway companies, a fact which shows that railway building has met.
by no means become a monopoly, controlled by a few individ¬ laying will be pushed.”
* * * “On the St. Louis & San
uals or corporations.
In fact the country is too vast and the Francisco Railroad proper very little construction is now
local demands for railways are too numerous to make it possi¬ being done, and, although the company lias $50,000,000 in
ble for a small number of companies to carry on the work. bonds at its disposal for building purposes, no definite plansAt the same tini9 it is also true that the greater part of the have been formed for operations in 1888.”
* * * “ Mr.
unprecedented aggregate of railway mileage added during the Winslow says that the company will wait until construction
past year was built by a few great companies. The following is materials are cheaper before building much.”
a list of those which have laid the largest amount of track dur.
Shenandoah Valley.—The actual opinion of the Judge in
ing the year, together with their new mileage, as officially
the Roanoke Court last week contained the following:
reported to this office. In each case the name of the system
That the mortgage of April 1,1880, designated generally in
is given, although in several cases the work of construction
these proceedings as the first mortgage, is the first lien on the
has been carried on by several subordinate companies :
entire line of the Shenandoah Valley Railroal, from one ter¬
Miles.
Atchison Topeka & Santa Fe system
1,694 minus to the other, that is from Hagerstown to Roanoke City,
St. Paul Minneapolis & Manitoba system
940 embiaving its various branches, and though not recorded in
*
Missouri Pacitic system
900 the counties of
Rockbridge, Botetourt and Roanoke until after
Rock Island system—Chicago Kansas & Nebraska
X25
C. B. <fc Q system—Burlington & Missouri River
702 the mortgage of 5 .h of April, 18S1, it is a prior lien thereto,
Chicago <fc Northwestern system
499 for the reason that it appears from the record that the mort¬
Soo” system—Minn. 8. Ste. M. & A. and Minn. & Pacific
421 gagees or beneficiaries under it had notice of the mortgage of
Chicago Milwaukee
St. Paul Railway
975
Union Pacitic and St. Jo. & Grand Island
945 April 1st, 1880, which is the first mortgage, the mortgage of
St. Louis <fc San Francisco system
925 April 5th, 1881, is the second moitgage, and the mortgage of
Northern Pacific system
912 February 12, 1883, is the third mortgage upon the entire prop¬
‘‘These eleven great companies alone have added 7,335 erty and franchises of the Shenandoah Valley Railroad Com¬
miles during the year, or about 58 per cent of the total con
The Court is further of opinion and doth decide that
pany,
struction in 1887. The five great competitors west of the the indebtedness by the railroad company to the general mort¬
Missouri, the Atchison, Missouri Pacific, Rock Island, Burling¬ gage bondholders was a sufficient consideration for the issue
ton and Union Pacific, have alone built 4,450 miles in tr e of the 1,500 first mortgage bonds and for the deposit of the
short space of twelve months.
The Atchison, which leads same with the Fidelity Insurance Trust & Safe Deposit
the list, has a ided nearly 1,700 miles, in which, however, is Company, as collateral security for the bonds, secured by the
included its extension from Kansas City to Chicago, as well as mortgage of April 5.h, 1881, called in these proceedings the
its Gulf Colorado & Santa Fe extensions in Indian Territory general mortgage.
and Texas and its numerous lines in California.”
* * * *
The Court is further of opinion and doth decide that the
fr “The Missouri Pacific, ihe Atchison’s greatest competitor, condi ions having been complied with whereby it would have
has also made tremendous strides during the year, adding 900 been incumbent upon the Fidelity Insurance Trust & Safe
miles of new track under several different names, to which, Deposit Company, as trustee, in the first mortgage, to attach
in the official statement sent us, was added 130 miles its certificates to said bonds, the Court would, w, re it now
extending from Fort Scott to Topeka, Kan., taken over by the necessary, require the said certificate to be attached thereto 2
Missouri Pacific this year, but omitted from our table because but as it is not now expected to use said bonds for sale or other ~
the mileage was built in 1886 and credited to that year. The disp sal, it is deemed unnecessary to make any order on that
greater part of the Missouri Pacific’s work during the year subject. The Court is further of opinion and doth decile that
was in Kansas and Colorado, including the completion of a
the fifteen hundred and sixty bonds secured by the mortgage
long line from Kansas City to Pueblo and several important of April 1st, 1880, whic h were lodged with the Fidelity Insur¬
lines in Kansas, as well as some in Nebraska, Arkansas, ance Trust & Sifo Deposit Company, as trustee, under the
Indian Ten it ory and Texas.
general mortgage of April 5th. 1881, are valid outstanding obli¬
The Rock Island, which pushed across the Missouri in 1886, gations of the Shenandoah Valley R tilroad Company, for thehas added 825 miles this year, of which 711 miles are in Kansas purpose for which they are held, that is as collateral security
and 154 in Nebraska, and has now nearly 1,100 miles in opera¬ for the payment of the general mortgage bonds.”
tion in those States, to which will be added 150 miles more by
April 1 and a very large additional mileage in the course of
the coming year. The plans of this great company contem—The Vestibule New York and Chicago limit( d trains, now'
late extensions to Denver, to El Paso, to Dakota, and it is
running
on the New York Central and Lake Shore route, repre¬
elieved eventually to the Pacific coast, and it is evidently in¬
tent the highest attainments reached in the competition for the
tended to push them forward with great vigor during 1888.
“The Burlington system' has reached out four or five long pMssecger business between the two leading cities of the United
A train is dispatched daily from each city and make&
States.
lines through N^ braska, ore of which has reached into Wyom¬
the run, 973 miles, in 24 hours.
The cars are superbly fin¬
ing, and others are pushing for Dakota and Colorado. Over ished, elegantly furnished and steam heated.. Each train i&
700 miles of track have been laid and 270 miles more have been
composed of a buffet, smoking and library car, two parlor
graded, making a forward movement for the year repre¬ cars, two sleeping cars and a dining car, all of which are
senting nearly a thousand miles. Where this great company united into one continuous covered train by the construction
intends to end its westward and northwestward movements
of handsomely finished connecting vestibules upon the car
cannot be told, but it is evident that the long lines which it is
platforms, passengers being thus enabled to safely and com ¬
now building w ill call for numerous branches, so that very
fortably pas3 through the entire train,while it is running at
great additions to its immense system are evidently inevitable.
The Union Pacific, hampered by its relations with the high speed, without the slightest exposure or danger in cross¬
General Government, has been compelled to see the great ing the car platforms.
—New volume of the Liohiy Aye.
The number of Littell'scountry west of the Missouri which it first discovered and
developed invaded by powerful competitors; but during the Liciny Aye dated January 7cn begins a new volume—the oae
last year it h; s aiisen to the emerg ncy in ja>t and under huQdri d and seventy-sixth—of that standard weekly magazine
several d’fferent titles has built about 350 miles, mostly in As periodical literature has been growing from year to year in
southern Nebraska, with an arm reaching up into Wyoming. extent and importance, the Lioiny Aye has gone on increas¬
Many other companies have made large additions to their ing in value. * It is a necessity to the American rtader who
systems, of which special mention must be deferred. Among would keep pace with the best literary work of the time,them are the St. Paul Minneapolis & Manitoba, whose won¬ Subscription price, $8.
derful season’s work of 940 miles has been already described ;
Messrs. Coffin & Stanton offer $1,500,000 Housatonic Rail¬
the Chicago & Noithwestern, which has added nearly 500
road fifty-year 5 per cent gold bonds issued by the railroad.,,
miles, mostly beyond the Missouri; the Chicago Milwaukee & which is one of the oldest in New England and of good finan¬
St. Paul, with an addition of 375 miles, including a line to
cial standing, to fund the preferred stock at par, in accordance
Kansas City; the ‘Soo ’ system of Gen. Washburne, which has
with the special act of the Connecticut Legislature, and alsa
pushed 354 mules this year across the forest wilderness of to refund the present bonded debt maturing from 1888 to 1S29i
northern Wisconsin and Michigan, completing a line almost
500 miles long.”
—Attention is called to the card of Messrs. Green & Cunning¬
ham,
of Washington, D. C., who offer their services as agents
Rome Watertown & Ogden sburg.—This railroad company
for
National
bankj. They refer to the Ninth National Bank
has given notice to the Stock Exchange of an increase of
of
New
York
and to the National Bank of Washington.
$1,763,200 in the share capital for exchange, share for share,
for the stock of the Oswego Railroad Bridge Company, and,
—Investors in search of first mortgage bonds will do well to
on terms not made known, for the stock of the Utica & Black
notice the advertisement of Messrs, John H. Davis & Co. ir*
River Railroad, which is now operated under a perpeiual
to-day’s issue of the Chronicle.
lease.
Poughkeepsie Bridge.
tween
and this is
“
-
“
“
“
“
“
“
St. Louis & San Francisco.—The
says:
Commercial Bulletin
“According to statements of the St, Louis & San Fran¬
—A choice list of investment
securities is offered in the
January ciicu’ar of Mr, Augustus Floyd, 42
Pine St,
41
THE CHRONICLF
18J: 8 J'
January 7,
11
«
me
—
-
~
~
-
■ ■■ ■
■
STATEMENT II.
Documents.
Reports anti
TEM
OF NEW
RAILROAD
'■CENTRAL
RAILROAD SYS¬
MONTHS OF
COMPARISON THEREOF WITH THE RE¬
OF THE CENTRAL
RESULTS OF OPERATION
THE YEAR
JERSEY.
RECEIVERS, FOR THE FIRST TEN
BY THE
1887, AND
CORRESPONDING MONTHS OF 1886.
SULTS FOR THE
REPORT
NET RECEIPTS,
OPERATING EXPENSES.
RECEIPTS.
GROSS
OF
MONTH.
1
S.
JOHN
the Central Railroad
Receivers of
OF
“OPERATION AND
IN
THEIR
JOSEPH S. HARRIS,
AND
KENNEDY
Company of New Jersey,
Jan’y
Feh’y..
March
THE
RAILROAD PROPERTY
STATES OF NEW JERSEY,
MANAGEMENT OF TnE
CHARGE, IN
T1IE
PENNSYLVANIA AND NEW
OF
PERIOD
THEIR
YORK, DURING THE
RECEIVERSHIP.
.
Judges of the United
818,657 29
April...
May.
766,669 44
..
847,407
930,591
July....
August. 1,007,061
Sep’t... 1,095,501
June...
09
04
49
82
1,049,805 92
Oct
10 mos..
Incre’se
To the Honorable the
$
758,334 28
693,963 62
816,536 54
..
$
614,578 17
$
445,306 41
774.537 23
438,725
511,026
484,372
406,017
531,558
996,135
1,018,460
932,601
994,151
1,060,039
1,193,450
1,042,419
971,047
Jersey:
The undersigned were appointed Receivers of the Central
Railroad Company of New Jersey on October 15, 188G, while its
railroad was being operated by the Receivers of the Philadelphia
and Reading Railroad Company, under lease, and before the
Central Company had exercised its option of terminating that
lease. They entered into possession of the railroad on January
1, 18£7, upon surrender of possession by the Philadelphia and
Reading Railroad Company and its Receivers. Their Receiver¬
ship will terminate on December 31, 1887, and their operation of
the railroad will, therefore, have continued for one calendar
The financial
results of the operation
system during that year may
Total amount of
of the Central Railroad
be summarized as follows :
interest in default, and
floating debt on Jan¬
1, 1887, when the Receivers took possession of
property
Total amount of interest in default and unprovided for on
cember 31, 1887, when tiie Receivership will terminate
Total amount of floating debt at last named date
uary
the
De¬
$2,500,870
None.
None.
earnings for ten months ending Oct. 21, over
those of corresponding months of 1886
Increase in expenses for ten months ending Oct. 31, over
those of corresponding months of 1886
7
Increase in net earnings lor ten months ending Oct. 31, over
those of corresponding months of 1880
05
73
542,911 59
575,378 58
564,63 1 49
308,027 87
255,238 54
499,801 23
305,510 37
334 284 38
08
51
30
23
14
18
300,652 10
315,848.69
389,201 24
488,533 28
552,590 23
474,427 34
The
following tabulated statements
sults in greater
|
22,344 40j
FROM TIIE DATE OF
1887, FOR PURPOSES
OPERATING EXPENSES AND FIXED CHARGES.
AMOUNTS EXPENDED
BY THE RECEIVERS
THEIR APPOINTMENT
OTHER THAN
For
TO DECEMBER 1,
renewals, betterments and
proper
extensions necessary for the
conduct of the business, a
portion of which will he
repaid
and indebtedness prior to January
1887, of Receiverships, including that of H. S. Little
Receiver Little’s indebtedness and loans
On account of expenses
Real estate bonds
and mortgages
Philadelphia certificates
Trust certificates
Central Railroad of New Jersey Car Trust certificates
New Jersey Car Trust certificates
Guarantee Car Trust certificates
Elizabethport and New York Ferry Company stock
New Jersey Southern Steamboat Co. Bonds
Assessment on securities deposited under Reorganization Plan
of the Philadelphia and Reading Railroad Company, paid
pursuant to agreement of settlement hereinafter reported..
Railroad Car Trust of
Central New Jersey Car
that
contain these financial re¬
The
more
important matters which have occupied the attention
and affected the interests of the property in their
of the Receivers
FIRST.—ACTION
PRELIMINARY TO TAKING POSSESSION
PROPERTY ON JANUARY 1, 1887.
AND
interest due on
Convertible Bonds
Consolidated Bonds
$4,400,000
15,000,000
Adjustment Bonds
5,254,000
Bonds
Stock Yard and Market
Co. Bonds..
of the Receivers on October 15,
Central Railroad of New Jersey,
system, were
Default.
$154,000
787,500
Total Issue.
Debenture Bonds
of the appointment
and all railroads of its
being operated by the Receivers of the Philadelphia
& Reading Railroad, under the lease of May 29,1883, though de¬
fault had long since been made in the payment of rent under that
lease.
The Central Company had obtained a decree of Court
authorizing it to terminate the lease, and re-enter upon its property,
but bad not yet exercised its right so to do.
A careful review of
the situation, with which the Receivers were already familiar,
1880, the
FLOATING DEBT
Interest in
American Dock & I. Co.
300,000 00
$2,452,393 37
At the time
January 1, 1887, including
date and not provided for.
Name of Securities.
New Jersey
63,942 79
860,000 CO
62,776 00
26,400 00
85,350 00
139,000 00
50,000 00
25,000 00
100 00
7,600 00
CONTROL OF TIIE
INTEREST AND
on
1,
795,548 32 charge during the Receivership, are as follows :
detail:
default
$266,171 8
566,053 27
State.and local taxes prior to 1887
817,892 SI
STATEMENT I
Interest in
71
00
49
12
74
66
469,006 87
406,416 33
496,334
533,365
437,172
482,093
541,866
632,848
36
49*5,077,558 98’ 3,724,314 04 4,519,862
795,548 32
Increase in gross
22,314 40
195,434 04
325,324 40
STATEMENT III.
for the District of Few
year.
80
00
42
97
>8,779,528 53 9.597,421 31:5,055.214
!
| 817,892 81
States Circuit Court
449,212 83
485,095
495,428
512,058
518,173
560,602
573,412
03
$
$
$
419,144 13
08
17
91
34
40
541,389 80
518,528 21
94
1887
1886
1887
1886
1887
18S6
183,800
391,680 satisfied them that it was inexpedient for the Central Company to
125,000 exercise this right, and thus place the property in the control and
19,000 management of the Receivers, until certain preliminary arrange¬
1,601,670 ments had been perfected. Among these preliminary arrange¬
3,264,000
5,000,000
140,000
Total interest in default.
ments were the
Floating debt on the same date charged upon the property
Company, and represented by obligations of Henry
Little, Receiver appointed by the Court of Chancery
Other floating debt
of
S.
1. The
following
creation of an
:
organization, and the selection and ap¬
745,000 pointment of suitable officers and employees.
190,200
2. Complete understanding with the Receivers of the Reading
Total interest in default and floating debt on January 1, 1887..
$2,596,870
Company as to the time and details of re entry, so as to prevent
any
interruption of traffic, and avoid possible complications ill
Interest on Funded Debt in default or unprovided for on December
the operating and accounting departments of both roads.
31, 1887.
3. Settlement of the question at issue between the Central and
Total outstanding
Interest in
and not deposited
Reading Companies as to the ownership of supplies on the Central
Default or
in exchange for 5
unprovided lines, which aggregated in value about $500,000, the control and
per cent. General
for.
Jlortgage Bonds.
Name of Securities.
use of which was necessary in order to enable the Receivers ta
None.
(Convertible Bonds
operate the road.
None.
'Consolidated Bonds
None.
4. A traffic agreement with the Reading Company to prevent
Adjustment Bonds
None.
Debenture Bonds
diversion of business, and continue the intei change of traffic
None.
American Dock & I. Co. Bonds...
which had grown up during the existence of the lease, to and
New Jersey Stock Yard and Market
from points in the territory of the Reading Railroad*
None.
Company Bonds...
THE CHRONICLE
42
Arrangements for temporary use of motive power in addition
that owned by the Central, without which the existing volume
5.
to
of traffic could not be moved.
[VOL. XL\ I.
This latter strike
interrupted the movement of merchandise
freight during a considerable portion of that month, thereby de¬
creasing receipts, and adding largely to the cost of handling such
business as was done.
In both these cases the Receivers, after a
careful examination into the alleged grievances of the strikers,,
were satisfied that their demands could not properly be granted.
Another serious strike occurred in September among the coal
miners of the entire Lehigh Region, which still continues, and
which has for more than three months completely suspended the
transportation of coal from that district, involving a considerable
preliminary arrangements were all satisfactorily made,
organization was completed before entering into posses¬
sion of the property on the first of January, 1887, which was fixed
upon by agreement with the Reading Receivers as a satisfactory
date for terminating the lease and taking possession of the prop¬
erty, and all necessary details for this change of possession were
perfected. Application was made to the Court for an order
whereby the supplies on the Central lines were transferred to the diminution of revenue.
All these strikes have seriously affected the earnings of the road
Receivers of the Central subject to the legal rights of all parties.
A traffic agreement with the Reading Company and Receivers during the past year and should be taken into account not only
in judging the results of the Receivers’ administration, but in es¬
was formulated, and the Reading locomotives in use on the .Cen¬
tral lines were hired at reasonable rates until new locomotives timating the earning capacity of the property under normal con¬
These
and the
ditions.
could be secured.
Among other matters to which the Receivers gave their atten¬
January 1st, were the following :
tion before
'
FOURTH —STATE
TAXES
OF
THE
THE YEARS 1884. 1885 AND 1886
A careful examination of the
STATE
OF NEW JERSEY FOR
UNDER THE TAX LAW OF 1884.
physical condition of the property
exceptions, its general condition
good, and quite equal to that existing at the time of the
lease.
As a result of this examination they immediately ordered
a new draw for the Newark Bay Bridge, which has since been
constructed, and is now in operation.
A like examination was made of the equipment, and steps were
taken to obtain a complete inventory and valuation thereof.
Insurance to the amount of $2,850,650 was' effected upon se¬
lected portions of the property most liable to damage by fire.
Examination was made into the value of leased lines and prop¬
erties subject to mortgage, with a view of determining whether
the Receivers wrere justified in continuing payment of rent and
interest.
As a result of this investigation, rentals were paid on
all leased lines, and interest was paid on all real estate mortgages,
so that the Central system of railroads, with all its appurtenances,
has been maintained intact during the Receivership.
Satisfactory arrangements were made for the use of new rolling
stock to replace that temporarily furnished by the Reading, the
withdrawal of which at an early date was to be anticipated.
satisfied them that, with some
was
At the time of the Receivers’
appointment, this law had been
adjudged constitutional, and questions arising out of its applica¬
tion, and the valuations made by the Assessors under it, were
pending before the Supreme Court of the State of New Jersey, as
to all the separate railroads embraced in the Central system.
Shortly after the Receivers’ appointment, a decision was ren
dered by the Court, substantially affirming the taxes as assessed.
The litigation involved the taxes for 1884 and 1885, on account
of which there was due, according to the decision of the Court,
on January 1st, when
your Receivers took possesssion, $305,014,39.
Meanwhile, a new assessment had been made for the year 1886,
differing but little in amount from the assessments of the
previous years.
The Receivers deemed it proper to appeal to
the State Assessors, sitting as a Board of Appeal, for a reduc¬
tion in these valuations.
The State Board of Assessors accorded
patient hearing, and consented to modify their original position
to many disputed items, but they did not alter their previous
decision as to several important matters, chief among which was
a
as
the valuation of franchise.
SECOND-TRANSFER OF POSSESSION ON JANUARY 1,
1887.
As
a
result of these appeals, the
Assessors reduced the valua¬
1886, by $951,387.85.
tion of the Central Railroad for the year
the Central system They also made some small reductions in other railroads of the
that system in system.
The total amount of taxes assessed under this law, and claimed
New York were de¬
livered up by the Receivers of the Reading to the Receivers of the by the State on January 1st, when your Receivers took posses¬
Central. This change of possession took place without any in¬ sion, including taxes for 1886, as finally determined upon review,
As these taxes constituted a first lien upon the
terruption of business, and without any friction between the was $564,923.58.
property
prior
to
any
mortgages, and, as delay in payment might
operating or accounting departments of either road, a result
involve
the
Company
in heavy penalties, the Receivers deemed
which must be attributed largely to the care and deliberation with
They have, therefore, paid, under
which all preliminary arrangements had been made, and which their payment imperative.
judgment
or
order
of Court, the entire balance of these taxes for
would have been impossible except for the cordial co-operation of
the
three
years of ’84’ ’85 and ’86, but have taken such proceedings
the Receivers of the Reading, their counsel and their officers, in
as are necessary to test the legality of the assessments.
carrying out the orders of the Court.
January 1, 1887, all the railroads of
the
and
all
property
belonging to
the States of New Jersey, Pennsylvania and
On
THIRD.—STRIKES.
FIFTH.—SETTLEMENT
WITH
THE PHILADELPHIA AND
RAILROAD COMPANY AND
READING-
ITS RECEIVERS.
entered into possession
of the road a strike was inaugurated by all coal handlers at and
At the time of the Receivers’ appointment, an accounting was
about the Port of New York, which included those employed at in
progress between the Reading and the Central, under decree of
Port Johnston and Elizabethport, the shipping ports of the Cen¬
Court, which presented serious questions of law and fact.
This
tral Railroad. This strike, while involving but few employees of
controversy not only involved very large amounts—the claim of
the railroad, as distinguished from those of the Coal Companies the Central
being, that the Reading was indebted to it upwards of
or
individual operators shipping over its line, put an end for a
$3,850,851.45, and the claim of the Reading being, on the other
time to all transportation of coal for shipment and greatly dimin¬
hand, that the Central was indebted to it in the sum of $1,385,723.ished the revenues of the railroad from that source during the 50 in cash, and $3,000,000 in bonds—but its
pendency was a
months of January, February and a part of March, over which serious obstacle to the reorganization of
either company.
it extended.
It assumed such threatening proportions that on
After a substantial decision by tho Master, affirmed by the
January 13th, special application wTas made to the Court, and an Court, as to the basis of accounting, proceedings before the Master
order was obtained directing the United States Marshal to co¬ were suspended, and negotiations for settlement carried on.
operate with the Receivers in protecting the property in their These negotiations continued up to July 28th,’ when they resulted
charge. A large force of special deputies was shown in ior in an agreement which was satisfactory to, and provisionally ap¬
service at Port Johnston and Elizabethport, and for nearly two
proved by all parties in interest, but no final action was taken
months this force wras maintained at a very considerable expense. until the
reorganization of both companies had so far advanced,
It was largely due to these precautions, in the opinion of the Re¬ that the Court
gave permission to the Receivers to exercise larger
ceivers, that there was no loss of property whatsoever, and that discretion, with the approval of the Boards of Directors of both
no serious breach of the peace occurred on the premises of the
companies, and the Reconstruction Trustees.
On the same
day on which the Receivers
Central Railroad.
While this strike w\as in progress
ers were
the difficulties of the Receiv
greatly increased by a general strike of freight handlers
the City of New York, which occurred in February.
in and about
the Central Railroad Company received
against the Philadelphia and Reading Railroad
Company and its Receivers the following amounts, viz.:
Under this agreement
for its claim
THE
1888,]
January 7,
*
Betterments on Central lines made by Reading
and its Receivers, as claimed by them
Company
$ 299.270 75
Construction account of the Lehigh Coal and Navigation
Company, and claims against other companies as¬
signed to Central
Credit of amount realized by sale of $1,000,000 First Series
5 per cent. Reading Bonds
297,982 42
578,876 60
2,100,000 00
654.427 43
$2,000,000 Second Series 5 per cent. Reading Bonds with
Coupons of August, ’83, and February, ’84, at par
Supplies, and Claims of Reading against New .York and
Long Branch R. R., assigned to Central
Unsecured Claims against Reading admitted to Reorgan
ization, subject to payment of assessment
236,512 26
important boeause it relieves
both parties from the litigation of many questions which could
not have been otherwise satisfactorily disposed of, except after
great delays before the Master, and which might have been with
propriety taken on appeal by either party to the United States
Supreme Court, and also assures the continuance of the present
amicable relations so important to the prosperity of both com¬
panies, and which could hardly have continued amid the irrita¬
tion and misunderstanding incident to any protracted litigation.
This settlement was all the more
SIXTH.—SETTLEMENT
COAL
At the time of the
CONTROVERSY
OF
WITH TIIE
LEIIIGI1
Receivers’ appointment suit
by the Reading of the
had been com¬
Supplemental Agreement
made’be
companies in 1883, shortly after the lease of the
Central Railroad to the Reading. To avoid a result seemingly so
disastrous to all interests and to bring about harmonious action
between the Lehigh Coal and Navigation Company and the Cen
tral Railroad Company, this litigation was suspended and nego
tiations entered into between the two companies which resulted
in the Supplementary Agreements of June 28, 1887, and Decem¬
ber 1, 1887, under which it is believed that the future relations of
the two companies have been satisfactorily provided for.
tween the three
SEVENTH.—SETTLEMENT
VALLEY
RAILROAD
WITH THE LEHIGH
COMPANY TOUCHING THE WEST LINE
OF
LITIGATION
GRANT.
litigation which had been in progress in different forms
than fifteen years has been finally brought to a close by
an agreement of settlement in connection with a traffic agreement
with the Lehigh Valley Railroad, an arrangement which it is be¬
lieved will materially increase the revenue of the Central Railroad
at an early date and ensure harmonious action in the future be¬
tween these two companies.
This
for
more
EIGHTH.—PAYMENT
S.
OF
AND
LITTLE
TnE
OF HENRY
RELEASE FROM TIIE LIEN OF THAT DEBT
OF
THE
SECURITIES
RECEIVERSHIP
HELD
BY
HIM AS
DEBT
COLLATERAL
SE¬
CURITY.
In
May, 1883, when the Receivership of Henry S. Little was so
by the Court of Chancery of New Jersey as to
far terminated
by the Delaware & Hudson Canal Company, but operated by the
Central Railroad Company under lease. This lease expired on
the date above named, and the Delaware & Hudson Canal Com¬
pany took possession
In order to ensure
of its road.
maintenance of the important Western and
Northern connections of the Lehigh and Susquehanna Davision.
of the Central Railroad at Scranton, a railroad known as The
Wilkesbarre & Scranton Railroad was projected by persons in¬
terested in the Lehigh Coal'& Navigation Company, and impor¬
tant terminal and connecting facilities were secured in Scranton.
By agreement of January 27, 1887, with the Delaware & Hudson
permanent trackage rights were secured over
a
portion of their line between Wilkesbarre and Scranton, to
a connection with the new Wilkesbarre &
Scranton Railroad
at Minooka Junction, thus avoiding the necessity of extending
this road to a connection with the Lehigh and Susquehanna
Division of the Central Railroad.
Canal Company,
TENTn—FRIENDLY RELATIONS WITH
The Receivers have
courage
NAVIGATION COMPANY.
AND
menced by the Lehigh Coal and Navigation Company looking to
the termination of its lease of 1871 to the Central, by reason of
breach
43
CHRONICLE.
CONNECTING ROADS.
deemed it their duty to promote and en¬
friendly relations and profitable alliances
with connect¬
ing roads.
important steps in this direction, viz., the settlement
agreement with the Philadelphia & Reading Railroad
Company, the agreement with the Lehigh Coal & Navigation
Company, the settlement and agreement with the Lehigh
Valley Railroad Company, the agreement with the Delaware <&
Hudson Canal Company, and with the Wilkes Barre & Scranton
Railroad Company, have already been mentioned.
In addition
to these, traffic or trackage agreements have been approved with
the following named companies :
The Williamstown & Delaware River Railroad, to secure itg
New York business to the New Jersey Southern.
The Morris County Railroad, for a connection with the Lake
Hopatcong Railroad near Port Oram.
The Lehigh Valley Railroad, for the use of a portion of the
Neseopec Branch of the Lehigh and Susquehanna Division, thus
preventing the construction of a substantially parallel line, and
obtaining increased revenue from the existing line. All these
agreements and all other contracts permanently affecting the in¬
The most
and traffic
terests of the company,
rence
were
made with the approval and concur¬
of the President and Directors.
ELEVENTH—NEW SOURCE OF
REVENUE.
for the Central
Railroad all possible new sources of revenue.
To this end a por¬
tion of its Jersey City terminal property was leased to the North
River Coal & Wharf Company, upon which an extensive pier
has been erected by the Coal Company for the shipment of bitu¬
minous coal, reaching the Central Railroad at Tamanend on its
Lehigh and Susquehanna Division, and on which the Central
Company thus obtains a long haul.
A traffic agreement with the Baltimore & Ohio Railroad had
been made shortly before the Receivers’ appointment, under
which considerable business has been done during the year,
though not to the extent anticipated.
The new terminal facilities furnished at Scranton by the
Wilkes Barre and: Scranton Railroad when completed, will un¬
doubtedly largely:increase business at that point.
The Cumberland & Maurice River Railroad was purchased by
friends of the Central in order to furnish a better terminus for its
New Jersey Southern system, and secure a long haul on all busi¬
ness to and from points on its line.
A small amount has been expended for excursion facilities at
Lake Hopatcong, from which considerable new business was de¬
The Receivers have
also endeavored to secure
permit the surrender of the railroad to the Company, the Court
of certain assets of the Central Railroad of a
par value of $4,897,200.12, as well as of $3,000,000 bonds of the
Philadelphia & Reading Railroad Company deposited as security
for the payment of this debt,which then amounted to $2,002,000.
This debt had been gradually reduced to $745,000, but the securi¬
ties still,remained in the possession of Mr. Little, and their con¬
trol, free from all liens, became necessary in order to carry out
the reorganization of the Central.
By friendly arrangement with Mr. Little, proceedings were in¬
stituted in the Court of Chancery to permit the payment of his
debt or its assumption by the present Receivers and the transfer
to them of said securities.
The Court of Chancery of New Jer¬
rived during the past summer.
sey gave the necessary authority to Mr. Little, and, on the Re¬
Pursuant to the same line of policy spurs have been built to
ceivers’ petition, the United States Court authorized payment by
connect the railroad with different factories and other establish¬
them and permitted them, if necessary, to borrow any amount,
ments, where this step seemed expedient to secure freight.
not to exceed $745,000, which they might find necessary for the
purpose.
Payment, however, was made from funds in the Re¬
TWELFTH.—ECONOMIC METHODS OF RUNNING THE ROAD.
ceivers’ hands, without exercising the power to borrow confer¬
The decreased proportion of operating expenses to gross re¬
red upon them by the Court.
ceipts during the year indicates the extent to which greater econ¬
NINTH.—CONSTRUCTION OF THE WILKESBARRE AND SCRANTON
omy has been secured in spite of the necessity of a complete or¬
RAILROAD TO SCRANTON, AND JOINT USE OF A PORTION OF
ganization of its own, which the railroad did not have during the
THE RAILROAD BELONGING TO THE DELAWARE AND HUDSON
year 1886, with which comparison is made.
CANAL COMPANY FOR CONNECTION BETWEEN IT AND WILKESThe most important change of method during the year in the
BARRE.
"
line of economic administration has been the running of coal
Previous to November 7, 1886, the Central Railroad reached trains through to Port Johnson and Elizabethport, without yard¬
Scranton over the railroad of the Union Coal Company, owned ing at Odenwelder, Easton or to any considerable extent at Hampretained possession
ton, a
[Vox. XLYI
THE CHRONICLE.
44
recommended by the oper¬
but never until this year carried into effect.
change which
ating officers,
had before been
THIRTEENTH.—MAINTENANCE AND
ulated statement:
BETTERMENTS.
the revenues in
their hands for betterments, as distingushed from repairs, except
in instances involving small expenditures, and only in such in¬
stances, when these betterments promised immediate returns.
They have, however, felt it their duty to make the road bed safe
beyond all peradventure, a nd have given especial attention during
the year to the matter of bridges.
A new steam draw on the
Newark Bay Bridge, of the main line, was imparatively needed,
and was ordered, at a cost of $43,000, before they took possession
The Receivers have not
of the road.
felt authorized to use
This draw, which is operated by steam, wras com¬
pleted in the early summer.
of the Railroad Company, of which Mr. E.D.
Adams is Chairman, and the extent to which exchanges of bonds
of the company have been made, is set forth in the following tab¬
Finance Committee
Contracts have been given out for a
the Newark &
EXTENT TO WHICH
AND
PROVIDED
BY NEW
UNDER THE PLAN OF
Total Issue.
Consolidated Mortgage Bonds.
“
“
Newark and N. Y.
EXCHANGED
GENERAL MORTGAGE
BONDS
REORGANIZATION.
NAME OP SECURITIES.
Adjustment
DEBT HAS BEEN
THE BONDED
FOR
.
Deposited un¬ Balance sub¬
der plan or
ject to former
provided for. Int. charges.
$4,400,000
15,000,000
5,254,000
3,264,000
600,000
Bonds
$3,104,000
10,940.000
$1,296,000
4,670,000
2.484,200
600,000
779,800-
5,2.54^000
renewal of the Hackensack and Passaic draws, on
New York Branch.
A large sum has been expended upon repairs and bridges on the
entire line, much in excess of the ordinary yearly average for such
purposes.
The double track
sions
made with the holders of other
securities,
in the fixed charges through the conver¬
far effected, will result in an annual saving of
thus
$335,000.
Division has
been completed, below Mauch Chunk.
Construction of a large
yard at Mauch Chunk is in progress, and the erection of new
on
the Lehigh and Suscpiehanna
station houses at Mauch Chunk, and at
menced.
Exchanges were also
and the total reduction
The expenses of betterments on
Easton, has been
com¬
this division is borne
SIXTEENTH.—AUDIT OF
RECEIVERS’ ACCOUNTS.
Receivers’ accounts have been audited each
Gummere, who was appointed Special
the Court for that purpose.
The
Hon. Barker
month by
Master by
by the Lehigh Coal & Navigation Company, under the existing
arrangements between the two companies.
SEVENTEENTH.—RECEIVERS’ CERTIFICATES AND DEBTS.
New station houses have been erected, or are in process of
No Receivers’ certificates have been issued, nor has any Re¬
erection, at West Bergen, Yreeland St., and Woodlawn Avenue,
on the Newark & New York Branch; Kenvil, Springtown, and Mill
ceivers’ debt been incurred during the Receivership.
Creek ; increased station ground has been secured at Elm Station,
PRESENT CONDITION OF CENTRAL RAILROAD PROPERTY.
on the New Jersey Southern Division, and new sidings have been
constructed on the Lehigh and Susquehanna Division, at Brills,
At the commencement of the present year the Central Railroad
on the Newark & New York Branch, and at several other points.
was controlled and operated by the Reading ;
was in default for
Increased station facilities have been secured at Elizabeth and
of $1,661,670; was
inextricable litigation with its creditors,
and had been compelled to take refuge
FOURTEENTH.—NEW EQUIPMENT.
under the present Receivership in order to protect all classes of
of the Receivers’ appointment, the volume of busi¬
creditors alike. Its average net earnings had, for ten years,barely
the capacity of the motive power of the Central
equalled its fixed charges, and in the last two years had fallen
Newark, where they were much needed.
At the time
ness
exceeded
Railroad, and a number of locomotives belonging to the Philadel¬
phia & Reading Railroad Company were in service on its lines.
Temporary arrangements had been made with the Reading Re¬
ceivers to continue the use of these locomotives for a short time,
but it was necessary to secure new ones to take their place, at the
earliest possible date. To this end, the Jersey Central Improve¬
ment Company was organized, with the approval of the Receivers,
and new equipment needed has been purchased from time to time,
by the Improvement Company, and placed at the disposal of the
Receivers, on favorable terms. By this, and other means, the
equipment in use on the road has been increased, during the present
year, as follows :
Locomotives, 27; Cars for Horses, 2; Hopper gondolas, 409;
Refrigerator cars, 10; Car floats, 4.
Woodruff Parlor Cars have been placed on the road by arrange¬
ment with the Woodruff Company.
interest upon
its funded debt to the amount
involved in apparently
and with the Reading,
considerably below them.
The beginning of the new year will find it an independent
railroad, operated and controlled, for the first time in more
than ten years, through a management elected by its own stock¬
holders, with all accrued interest on its funded debt paid, all de¬
faults cured and relieved from all the dangers and uncertainties
of litigation.
Its fixed charges have been so reduced as, in our
opinion, to ensure permanent solvency.
THE CAUSES OF
THIS CHANGE.
be added that the Receivers fully realize that
of the property has been but one of a number
contributing to this result. They have deemed it their
It may properly
their management
of
causes
integrity all the property embraced in the
maintain and to increase its earning
capacity ; to cultivate such friendly relations with the public au¬
FIFTEENTH.—REORGANIZATION.
thorities, with the community, and with connecting and compet¬
At an early period in the Receivership, a Reorganization ing railroads, as would conduce to this end ; and to promote, by
all means within the proper exercise of their powers, an organiza¬
Committee
was
appointed
by
the
the Trustees of
Messrs.
F.
Mortgage, consisting of
P.
Olcott, J. Rogers Maxwell, John Crosby Brown, George
F. Baker and J. Kennedy Tod, and, after Jhe election of
a new Board of .Directors in May, a plan of reorganization pre¬
pared by the Directors and this committee, with the approval of
the Receivers, was issued on June 3, 1887.
A copy of this plan
of reorganization, and of the accompanying propositions of The
Central Railroad Company of New Jersey to its stockholders and
certain of its creditors, is appended hereto and made a part of this
Adjustment
report.
duty to preserve in its
Central Railroad system ; to
tion which
promises permanent solvency.
appreciate that the results attained by them
impossible except for the confidence of the
Court, the faithful service of their officers and employees, the co¬
operation of the directors and of the then President and former
Receiver of the Company, Mr. Henry S. Little, at the time of
their appointment and during the early part of their administra¬
tion, and the subsequent action of the present director! and
President, Mr. J. Rogers Maxwell, who has met with them regu¬
They likewise
would have been
larly for many months past,
and given them the full benefit of
experience and judgment.
presented to the Court on June 15, and the injunction
For the successful reorganization of the company, however,
was so far relaxed as to permit the company, in the discretion of
the stockholders and bondholders are chiefly indebted to the
its Board of Directors, to execute and deliver the new bonds and
present Board of Directors, who had the ability to carry through
mortgage, and to sell and exchange so many of the new bonds as
a wise and comprehensive plan of settlement, under which
the
were necessary to carry the plan into operation, such exchange
creditors have not been required to make concessions, nor the
and the application of proceeds of bonds sold, to be made by the
stockholders to submit to forced assessments.
This plan has been carried into effect by the Central
Receivers.
Trust Company of New York, as Trustee of the new General I
December 31, 1887.
John S. Kennedy,
Mortgage, and agent for the Receivers, pursuant to arrangements |
Joseph S. Harris.
approved by the Director uuder the general direction <?f the *
It
wras
his
January 7,
LOUISVILLE & NASHVILLE
MEMORIAL FROM
To the Directors
45
THE CHRONICLE!
18:8.J
STOCKHOLDERS IN LONDON.
of the Louisville &
ABSTRACTS OF RAILROAD MORTGAGES.
RAILROAD.
Nashville Railroad
The
following is an abstract prepared for the Chronicle of
the 1st mortgage on
the Lake Erie & Western Railroad, dated
February 21, 1837:
LAKE ERIE & WESTERN RAILROAD.
Company:
of the Louisville & Nash¬ FIRST MORTGAGE ON THE LAKE ERIE & WESTERN
Railway, on our own behalf, and on behalf of a great
RAILROAD TO SECURE GOLD BONDS DUE JAN¬
number of other shareholders, desire to call the attention of
UARY 1, 1937.
the Board to the following facts:
Date.—February 21, 1887.
1. According to the report for the fiscal year ended June
Parties.—The Lake Erie & Western Railroad Company, of
80th, 1887, the net surplus of that year, after deducting all the first part, and the Central Trust Company of New ^ork
rents, taxes and liabilities, amounted to $1,832,252 81. De¬ and Augustus L. Mason of Indiana, of the second part.
ducting from this amount the payments required for sinking
Property Covered.—The railroad of the Company, and all
fund and other outlays, the surplus would have sufficed for future extensions and branches thereof, in respect of which
bonds shall be issued, whether acquired by construction, pur¬
the payment of a considerable percentage on your company’s
chase, consolidation, permanent lease, or otherwise, the said
share capital as dividend, if such surplus had not been railroad
extending from Sandusky, Erie county, Ohio,
reserved for other purposes.
through Seneca, Hancock, Allen, Auglaize and Mercer coun¬
2. These purposes are described in the concluding passages ties, in the State of Ohio, through Jay, Randolph, De^ware,
Madison, Tipton, Clinton, Tippecanoe and Benton counties in
of the report in the following language:—
the State of Indiana, and through Vermillion, Ford, McLean,
“Although last year's earnings have been very satisfactory, Tazewell, Woodford and Peoria counties in the State of Illi¬
it was deemed best not to declare any dividend, as the neces¬
nois, to Peoria in said State, and including a branch from
sity for the extension of branches and for new equipment to St. Mary to Minster in Auglaize County, Ohio, the
same being
430 miles, more or less; and all rights of
meet the requirements of increased business, made it desirable
way,
real estate, buildings, fixtures, rolling stock,
to keep your company in a strong financial position.
franchises, etc., and all property both real and per¬
“If the earnings should continue as at present, which the
sonal, now held or hereafter acquired for said railroad.
But if it shall be determined by the company to acquire or
new industrial developments promise, your directors hope to
construct railroads without the issue of bonds thereon, then
employ such part of future earnings for dividends as the posi" the lien of this indenture shall not extend to any such roads.
We, the undersigned, shareholders
ville
tion may warrant.”
3. While we notice
directors
as
to
that these may
[In addition to the above property the company has ac¬
of the quired since the date of the mortgage a line from Indianapolis
the prospects of the railway, and their hope to Michigan City, Indiana, 162 miles, and has outstanding
$5,920,000 bonds on the total 592 miles.]
warrant the payment of dividend in the
with satisfaction the views
that, for the next few years, a large
for
capital
expenditure
account will continue; and that for
THE
future, it appears clear
BOND.
First Mortgage Gold Bond.
21,1887.
Denomination.—$1,000 eacli.
Amount Authorized.— $10,000 per mile
of road completed in sec¬
tions of not less than ten miles.
Couvon or Registered.—Coupon, but may be exolianged for a registered
bond, at the agency of the company, in New York City. Coupon
bonds surrendered shall be cancel-d with the coupons belonging
fiscal year a very large amount of rolling stock
been ordered.
4. Under these circumstances it would seem that the distri"
bution of the annual surplus to the shareholders may again be
thereto.
prevented by the requirements of capital account.
This would be disastrous to many of your shareholders who Principal Payable.—'The principal Is payable January 1, 1937. in
United 8tates gold coin not inferior to the present'standard of value,
at the office of the Central Trust Company, in New York Citv.
have to rely upon the income from their investment, and who
Interest Poi/uble.—The interest is 5 per cent per annum, payable free
would be placed in a position of hardship if forced to sell out
of United St ites and State tax January 1 and July 1, in like gold
coin, at the agency of the railroad company in New Yoik City.
their shares just at a time when the property, after a long
Sinking Fund.—None.
period of depression, is returning to prosperity.
Default.—In case of default of interest or principal con¬
5. We fully appreciate the soundness of the conservative tinued for six months the trustees may, and upon request by
policy followed by the Board of Directors in desiring to make the holders of one-fourth of the outstanding bonds in respect
the financial position of the company as strong as possible, of which default has occurred shall, proceed by suits in equity
or law to enforce payment of said bonds, and to foreclose this
even if in so doing a heavy sacrifice be imposed upon the
mortgage and to sell the premises hereby conveyed, under the
shareholders; but we venture respectfully to submit for the decree of a court. No bondholders shall take any proceedings
consideration of the Board a policy by which the expressed to enforce the provisions hereof until the trustees have
been in writing requested to take proceedings to foreclose this
views of the directors will be fully met, and which at the
mortgage, and have refused so to do. In case of procedure by
same time will materially improve the position of the share¬
suit in equity or law, the trustees shall be entitled to have the
holders.
mortgaged property sqld by judicial sale under the order of a
That policy consists in applying to construction purposes court of competent jurisdiction for the satisfaction of the
for a period of, say, three years from the commencement of principal and interest due upon the outstanding bonds, and
pending any such suit they shall be entitled to a receivership
the present fiscal year, such surplus as would be available for of the
property. At any sale of the property bonds of this issue
the payment of dividends, and instead of paying the same to may be turn d in towards the payment of purchase money.
the shareholders in cash, issuing to them at par shares in the
Trustees.—The trustees may be removed, and any vacancy
company for the amount to which they are fairly and in the office of trustee may be filled, by instruments in writing
properly entitled.
executed by the holders o% two-thirds in amount of the out¬
6. The advantages to the company, should our suggestion
standing bonds. If after notice of a vacancy published for
be adopted, appear to us clear. Its credit must necessarily be
sixty days the bondholders shall fail to fill such vacancy, the
improved, as further security is supplied for the existing directors of the company may make a temporary appointment
bonded liabilities without a corresponding increase of charge which shall continue until the bondholders designate a trus¬
upon the company's property. Thus the company would be tee as aforesaid.
enabled to borrow upon better terms the funds wbiclMnay be
required for construction over and above the amounts fur¬
nished from the application of the net cash revenue. The
Railroad Building in the Northwest.—The figures of
company may also be able at a later date to call in for
redemption the outstanding $10,000,000 of six per cent trust actual new construction on the purely Northwestern roads
bonds and the $4,000,000 10-40 bonds at present outstanding, are as follows:
and to provide for their payment by the issue of preferred
Company.
Mile*.
835*00
stock carrying a fixed annual interest, thus setting free for St. Paul Minneapolis & Manitoba..
the general purposes of the company an amount of $28,162,700 Montana Central
Chicago Milwaukee & St. Paul
300*00
nominal securities.
Minneapolis Sault Ste. Marie & Atlantic
357*00
Bate.— February
the present
has already
-
7. We cannot see any objection to the proposed plan. We
well aware that many cases have occurred where stock has
are
been issued without an adequate increase in the value of the
property represented, by a process well known under the
name of “watering;” but in the present case, where for every
dollar of stock issued a corresponding cash outlay for con
struction is made, that criticism would not apply.
8. We are of opinion that ere long a radical change will
railroads generally in the
present mode of dealing with annual surpluses, and that a
definite policy in that respect will have to be laid down, if
the confidence of European holders is to be maintained*
have to be
adopted by American
Minneapolis & Pacific
Northern Pacific
-
Minnesota & Northwestern (C. St. P. & K. C.).
Chicago & Northwestern, proper
Chicago St. Paul Mipueapolis & Omaha
Fremont Elkorn & Missouri Valley (in Dakota)
Wisconsin Central
St. Paul & Duluth
Minneapolis & St. Louis
Seattle Lake Shore & Eastern
Seattle & West Coast
Portland A wqiamette Valley
Oregon Jc
California
-
69*50
312*00
313*47
109*25
33-42
25*00
33 12
18*75
11*00
30*00
15 00
11*90
41*00
?-673
THE CHRONICLE
46
COTTON.
2£he (fjoimwjernal jinxes.
Friday, P. Mt, Jan. 6, 1888.
Friday Night, Jan. 6,
159,308
18? 8
the miners in the employ of
A serious strike amorg
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Jan. 6), the total receipts have reached
EPITOME
COMMERCIAL
the
Reading Railroad Company is a circumstance that disturbs
business circles at the opening of the new year, and it is diffi¬
cult to foresee the result of the contest.
The discussion- of the
bales, against 188.824 bales last week, 202,859 bales the previous
week and 213,902 bales three weeks since, making the total
receipts since the 1st of September, 1887, 4.144,858 bales, against
3,914,842 bales for the same period of 1886-7, showing an in¬
crease since September 1, 1887, of 230,016 bales.
proposed revision of the tariff of import duties does not have
the disturbing effect that many apprehended, chiefly because
nothing radical or sweeping seems to be proposed in any
quarter.
The following is a statement of the stocks of leading
of domestic and foreign merchandise at dates given:
[You XL'VI,
articles
Indianola, Ac.
New Orleans...
1887.
Dec. 1.
1888.
Pork
Lard
Tobacco, domestic
Tobacco, foreign
bids.
tcs.
14,488
18,932
....hhds.
43,442
40,576
170,802
bales.
bags.
bags.
mats,
Coffee, Rio
Codec, other
Codec, Java, Ac
Sugar
...
boxes.
bags, Ac.
Sugar
Melado
Molasses, foreign
hhds.
...hhds.
bids.
Molasses, domestic
bales.
bids.
bids.
bids.
Cotton
Rosin
Spirits turpentine
Tar
7,320
17,341
46,358
42,271
233,819
Mobile
None.
None.
3,935
1,089,401
1,220,140
1,961,308
None.
762
l.soo
None.
1,500
34S,300
336,900
167,289
26,071
2,055
102,399
25,168
1,066
1,068
7,400
560
pkgs.
Linseed
bags.
Saltpetre
5,500
None.
13,000
2,000
bales.
bales.
bales.
Jnte Imtts
Manila hemp
Sisal hemp
6,500
7,600
9,293
18,538
8,476 18,386 12,176
2,383
1,360
1,505
3,608
2,615
4,878
8,837
836
760
56,361
9,459
579
705
2,646
2,570
702
1,390
1,991
2,058
1,787
19,707
2,058
6,918
126
3,472
4,409
4,619
717
1,155
1,167
98
98
336
303
486
172
207
331
1,838
86
86
2,372
2,284
.
Royal, Ac
Port
Wilmington...
Wash’gton, Ac
2,861
910
1,269
560
2,563
1,730
3,884
382
300
628
in
1,522
2,037
Norfolk
3,895
4,056
4,105
West Point, Ac
New York
568
Boston
Philadelphia, Ac
01
10S
751
7,000
Totals this week 24,650 33,005 30,629 20,582 21,857 28,585
159,308
353.600
216,53 1
18,294
3,141
793
3,250
None.
None.
14,500
1,650
6,600
11,150
29,300
18,2 16
5,753
delivery has turned in
material decline. An
pointed to an increased
production of lard, while the great extent to which it is adul¬
terated reduces the consumption of it. To day ilnre was a
slight further decline. Lard on the spot has been weak, a> d
closes dull at 7’75c.
for prime city, 7-8734@7-023£e. for
prime to choice Western, 8c. for refined to the Continent and
America.
DAILY
give the following table showing the week’s
receipts, the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
For comparison we
last year.
Receipts to
Th is
Jan. 6.
Week.
j
18,108
j
1, 1887.
566,651
18,538
...
Since Sep.
This
Sip.
Since
Week.
February deliv’yMarch delivery
April delivery
May delivery
June delivery
July delivery
-
i—i
8T1
ST 9
©
8*26
8-33
p
8*39
8-45
*
843
8’20
8’27
8’35
8’41
8’L7
'
7'85
7*90
7*97
8-0 1
8’11
8’16
8’22
8’00
8’08
8’15
8’23
8-28
8’34
hog products the turn of values
of buyers. Cheese is more Irmly held on
In other
April
15’40c. 1 June
15’00e. 1 July
14-95C. 1 Aug
Charleston
P. Royal,
7*82'
7 *85
7’92
7’98
8’05
8’10
8*15
has been in favor
favorable foreign
Raw sugars were
..14-90c. 1I Sept
..14’80c. | Get
14*15c. 1| Nov
.
.
14 00c.
|I
Dee
1,838
152,213
19,707
...
2,058
Brunsw., Ac
speculation in Rio Coffee has turned strongly toward
prices. Advices from Brazil have caused free selling
and values have rapidly given way. An effort yesterday to
support the market had but momentary success. To-day an
opening decline in futures was partially recovered, the ear A
months in particular becoming buoyant; but colfee on the
spot remains dull and unsettled, with fair cargoes Rio
quoted nominally at 18c., and futures closed with sellers as
fellows for delivery in 1888:
....15-50c. 1 May
98
19,935
734,090
46,479
339,789
10,689
705
Florida
The
lower
....
...
Savannah
advices.
Jan
Fel)
March
56,361 1,248,951
105,644
9,459
New Orleans.
6,918
..
Ac
74,9,84
110,235
74,051' 1,193,423
411,891
7,428
1,804;
10,588'
105,525
18,1(51
•V> oin
427,978
37,768
666,359
119,813
110,084
713.
23,394
330,51 i)
13,701
53,740
40,000
74
273
117,274
17,519
15,851
59,626
44,003
14,673
373,513
13,2;
o!
16,213
8,510
2,821
379,990
14,0591
211,730
4,531
W.Point, Ac
16,816
L020j
48,859
41,043
20,44(5
19,912
19(5,903
209,968
10,700
17,319
11,023
New York
Boston
...
Phirdel'a, Ac
28,405
7,64.9.
751
16,599
786
In order that
comparison may be made w ith other years, we
leading ports for six seasons.
159,308
Galvest’n, Ac
New Orleans.
Mobile
Savannah
..
Cliarlest’n.Ac
Wilm’gt’n, Ac
Norfolk
Ac
18,108
74,054
6,578
1,807
13,200
14,202
13,079
12,729
5(5,071
9,431
12,508
4,813
1,524
11,759
7,915
24,049
159,044
140,329
7,428
10,588
Ohio, 8@ 10c.; 200 cases 1886 crop, Dutch,
9^(al0^c.; 200 cases 1881-5 crops, Pennsylvania, 9@14i£c.,
and 150 cases 1886 crop, Wisconsin Havana, 7@10c.; also 450
bales Havana, 60c.(o)$l 10, and 250 bales Sumatra $1 40(a) 1 85
Spirits turpentine is firmer, in sympathy with Southern mar¬
kets, and closes at 40c., but other naval stores are quiet and
unchanged. There has been an excited speculation in crude
petroleum certificates, the price rising to 97c., but the close is
quieter at 93c. Wool and hops are steadier.
The Metal Exchange was dull and weak until yesterday,
when there was renewed excitement in ingot copper at better
prices, and to-day there were sales at lG’SCKaHG'GOc. for
January, 16*75c. for February, 16 85@16 95c. for March and
16*95c. for April, but the close was quiet.
Lead sold to-day at
4*90c. on the spot and straits tin at 36c. for Feb. The iron
markets are apparently steadier, though still quiet.
1883.
1384.
1885.
1886.
1887.
1888.
Receipts at —
27,190
68,364
9,115
11,314
38,098
2,955
7,514
11,9(53
50,418
9,214
15,770
18,308
5,173
1,183
8,976
1,004
13,428
133,994
90,245
5,515
2,585
13,982
6,239
12,797
10,608
3,256
17,348
2,861
23,543
11
o,382
4144,858 3914,842 3759,644 3825,510i3647,207 3861,841
Since Sept. 1
Galveston includes Indianola; Charleston includes Port Royal, Ac.;
Wilmington includes Moreh’d City, Ac.; West Point includes City Point, Ac.
exports for the week ending this evening reach a total
138,573 bales, of which 92,446 were to Great Britain, 2,849
France and 43,278 to the rest of the Continent. Below are
The
of
23?4c. The tea sale on Wednesday went off at steady prices. to
ken tuck y tobacco has been quiet this week. The sales are .the exports for the week and since
only 200 hhds., of which 100 for export at unchanged prices.
Week End'a jfif Jan. 0.
The business in seed leaf has been fair, amounting to 1,050
Export cd to—
cases, as follows: 200 cases 1886 crop, New England Havana,
Exports
Conti¬ Total
Great j
from—
12@35c.; 100 cases 1886 crop, New England seed, 13@17c.;
France nent.
Week.
liriVn.
200 cases 1886 crop,
20,000
19,459
9,484
give below the totals at
Tot. this week
and two cargoes centrifugal, 96 deg. test, 3%@3 ll-16c. c. &f.
Molasses was more freely offered, and 50 deg. test sold at
650
159,30814,144,858 159,044 3,914,842 1,043,776-1,058,027
Totals
All others....
rather quiet until to-day, when there
.
572
W’t Point,
renewed activity and buoyancy; fair refining Cuba quoted
at 5 3-16c., and sales includeel three cargoes Iloilo, 4 9-16c.,
97!
40,270
11,(518
...13’50c'
was
......
-
,;..13’70c
....13’35c*
SIS;
1,710
3,962
„
18,538
56,3(51
9,459
19,707
7,016
1,924
14,G73
10,213
15,417
....13 ’40c
6,330
•
3,110
3,385
412,719
86
Norfolk
Baltimore
1887.
188S.
1, 188(5.
598,389
Ind’nola.Ac
Mobile
Stock.
1886-87.
1887-88.
Wcdnsd’y. Thvrsd'y. Friday.
7’95
284
39
259
total
Wilmington
WashTn.Ac
CLOSING PRICES OF LARI) FUTURES.
Saturd'y. Mond'y Tuesday.
8'06
I
January delivery.. 8-03
572
1,887
'
Baltimore
-
8*25c. to South
530
3,461
None.
150
Galveston
The speculation in lard for future
favor of the bears, prices showing a
increase in the slaughter of swine has
529
14,673
10,213
8,510
2,821
42
4,900
4,520
8,281'
3,256
Brnnsw’k, Ac.
31.760
96,900
626
3,101
Charleston
19,824
33,770
38,709
49,381
225,871
96,650
3,530
8,700
Rice, E. I
Rice, domestic
1887.
143,234
121,600
2,891
81,056
1,661
Florida
Jan. 1.
Total.
mmm9
Savannah
Jan 1.
Fri.
2,737
4,578
3,205
Galveston
Thurs.
Wed.
Tucs.
3Ion.
Sat.
Receipts at—
September 1, 1887.
From
■
Sept. 1,1887, to Jan. 6,1888,
Exported to—
Great
Britain. France
Co7itinent.
Total.
x
Galveston
....
New Orleans..
13,149
28.686
2.698
10,105
3,772
Mobile
Florida
Savannah
1,100
....
Wilmington
Norfolk
..
4,590
1,820
2,677
3,537
•
•
•.
1.300
11,060
6,910
.
-
-
» •
.
.
...
1.975
14,125
Boston
Baltimore
....
Philadelp’a’&c
Total
2,374
3,890
1,799
,92.440j
Total 188(1-7. 100,227
29,576
15.650
127,342
10,030
2,6.7
5,512
53 523
12,027
12,027
New York
65,239
250,229
264,338
784,484
29,570
....
•
Charleston....
4,024
195,025
365,147 169,108
16,947
38,791
3,772
449
......
45,430
165,020
6,395
33.843
...
.
129,862
247,647 20,921
24,676
70
2,444
86,466
358
3,890
2,157
42,960
29,356
2,849'. 43.27 8; 138,573
193,505
65,^O
'
10,102
......
10,230
22,789
134 211
1,975
129,302
1.782
1,595
18,166
3,702
381,077
210,523
105,458
160,995
129,802
397,870
88,248
02,721
33,058
•
1.537,144 236.062
832,004 2,604,210
328,238
602,418 2,492,925
50,234 195,891 1,562,20,9
January 7,
THE
1688.]
CHRONICLE
In addition to above
exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
On
Jan.
6, at—
Great
Britain.
j
.j
New Orleans..
Mobile
Charleston
Savannah
Galveston
29,723
17,000
.
28,244
23,054
2,277
None.
None.
None.
5,500
900
None.
None.
None.
6,167
8,485
None.
2,000
.1
400
.,
11,000
None.
6,600
3,000
None.
None.
-
1
.
.
31,844
45 °f,l
18,462
.j 102,124
49,175
32,892
65,267
53,092
15,227
111,089
.
>
21,777
,
{S'
®
£'
232,093
218,850
825,934
885,616
speculation in cotton for future delivery at this marked
sluggish for the week under review and prices show
some decline.
The opening on Tuesday morning was com¬
paratively steady on a strong Liverpool report, with the
statistical position regarded as very favorable to the views of
the bull party; but the receipts at the ports were unex'
pectedly free, exceeding the corresponding dates last year,
and caused some selling to realize on a very moderate demandThe depression was quite conspicuous in the closing hours of
Wednesday's business and early Thursday; but yesterday
there was a smart recovery on the indications pointing to
r educed stocks at interior towns,
through free shipments from
them, and the large exports to Liverpool making a marked
reduction in stocks at the ports. To-day the market was very
unsettled.
Prices turned upoa the varying phases of the
Mon. Tues Wed
Tli.
t
Ordinary
I
Strict Ordinary
Go< d Ordinary
Btrict G od Ordir ary
Low Middling
Btrict Low Middling
:
.
.
O
c
zr.
zz.
Middling.
Good Middling
9's
0'16
9'(16
95«
a
.
7”l6
8*16
7*8
818
vj
;
Btrict Good Middling.
Middling Fair
;
J
Fair.
!
;
°8
iJ8
8
>8
0*16
0*16
01,6
0*16
10
lo:q
1U’16 10»16
10
m
,12*16
12
11
11
11*8
11*8
12
12
©
iTIonTues Wed
Sat.
Til.
71 ho
j
Btrict Ordinary.
Good Ordinary
Btrict Good Ordinary
Low Middling
Btrict Low Middling..
Sbo
9 >4
O’ ©
o
to
.
9*4
Middling
10*8
IOHs
10~iG
10*8
U)7S
Ilk*
Ilk*
12^8
I0"io 197j6
moil Tues Wed
Tli. I Frl.
£
£
&
p
10H .6
10151(.
11*16
HOio
Middling Fair
Fair
12*!6
;
9**16
lots
©
Sat
9*10 ! 9*16
91116 9111C
j
$ 11).
75g ! 'bo
85ig ! 8I4
day. ! 9q
9*16
;
Holi¬
day.
"Middling
Holi¬
10^8
! 70,6
8*4
I
SPOT MARKET
CLOSED.
Ex-
Con-
port.
sump
■b g.
Deliv¬
eries.
’
Sat .y
Mon I
Tues
.
.Holi
..
......
.
Very dull
J
70
....
Wed Quiet®
Thurs Dull
Fri... Firm
dee
.
.
.---!
...
Total.
....
lTcli
!
81!
108.
196
455|
dav..'
dav..Li
70
81
....j
...J
...
....
'
....
1
1
18\
*
*
*
“
|
18) ---•I
The daily deliveries given above are actually
trevious to that on which they are reported.
The Sales
and
Prices of Futures
following comprehensive table:
i
1
are
89,300
ft
m
©
I-*
o
•1
-
P •
CO
Z
<1
Ills
p
*3.
»p
tig- ■
0
5
►
ft
M
~*
©
X
%
O©
%
£*w
J
^
©©
^
a ©
*7
HHwU
© ©©
© iti-
MM
OI
to 0:
©
M ©
1 @jo;
M M
M
*
©
O' 0«
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Ioelndes sftlf 8 In September. 18**7. for September, 258,2r0; gepte.mber-October, for October, 570,200; Septeinber-November, for No¬
vember, 481,600.
>veek to give, the average price of futures each day for each month. It
will be found under each day following the abbreviation “ Aver ** Th#
average
for each month for the week is also given at bottom of table.
Transferable Orders—Saturday,
o.: Monday
c.: Tuesday*
10’50o. ; Wednesday, I0*45c.; Thursday, 10'45o.; Friday, 10 45o.
The
...
delivered the day
shown
©r*
following exchanges have been made during the week t
•27 pd. to cxch. 500 Apr. for Aug.
•10 pd. to exch. lOuFt-b for Mar.
*22 pd. to exch. 700 Feb. for Apr.
110,600
473 392.900
ft
to
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to ft
.
70,600
108 1.2,400
214
M
’ft
ft
££7 We have included in the above table, and shall continue each
FUTURES.
Sales.
8*
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^
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Spec- Tran¬ Total.
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93,6
93,0
lOlie 101,6 1101,6
SALES OF SPOT AND TRANSIT,
6
ft
p
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8*4
day s.
on same
p
i
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MARKET AND SALES.
glance how the market closed
®.
®
©
79j6
The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
>1 •
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Good Ordinary
Strict Good Ordinary
Low Middling
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Good Middling
Strict Good Middling.
STAINED.
9*16
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1
Frl.
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the
Sat.
.
•
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report of the large overland movement for December.
UPLANDS.
i-s
•
©
-1
but in the last hour declined under the
Cotton
on
spot has been dull and stocks increased. Quotations
were reduced l-16c. on Wednesday.
The market was quiet
and nominal to-day, middling uplands closing at 10l£c.
The total sales for forward delivery for the week are 892,90q
bales.
For immediate delivery the total sales foot up this week
478 bales, including — for export, 455 for consumption*
18 for speculation and — in transit.
Of the above — bales
were to arrive.
The following aie the official quotations for
each day of the past week—Dec. 81 to Jan. 0.
.
so
S
l
^ ©
b'2^|
«-|
•
£&S*
•
c
185,903
o / >0*13
828,545
:
1
6,
ft Si
00 ft
JO M-
.
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m
2-t-a
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a ft ft
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083®!
sfa £e
£■-
g.§?--
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ft
The
movement,
S
c
*3
tasl
Mft a ft
D 00-
zr ©
®
® ®
2
*
pftg
-*■» F
327,993
35,240
41,746
99,143
43,351
37,627
215,231
a ft ft as
ft'*’
-
*
*>3
ft
has been
interior
ft-2
a ft
D
jjeavmg
Stock.
83,898
17,000
12,000
20,700
31,633
22,000
11,000
17,000
|
ag-g*
©
S'ft
>1.
Total.
1,200
4,500
119,704
.
Total 1887
Total 1886
Foreign
2,300
.
Total 1888
France.
Coast¬
wise.
3,000
15,300
16,681
20,000
4,000
.i
Norfolk
New York
Other ports
Other
2.
<i
Shipboard, not cleared—for
47
by the
•10 pd. to
•10 pd. to
*il pu. to
28 pd. to
*39 pd. to
•28 pd. to
exeli. 100 Mar. for Apl.
exch. 200 Apr. for May.
exch. 100 Feb. for Mar.
exch. loo Mar. for June.
pd. to exch. 2,000 Feb for Apr.
exch. 100 Feb. for June.
pd. to exch. 3u0 Jail, for Feb.
pd to exch. 100 Apr. for June.
exch. 100 Apr. for Aug.
•50 pd. to exch. 200 Jan. for June.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well aa
•21
11
•18
those for Great Britain and the afloat
are
this week’s returns,
1888.
1887.
1886.
1885.
bales
623,000
36,000
728,000
12,000
595,000
19,000
698,000
45,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
659,000
5,000
30,100
24,000
740,000
1,900
16,400
21,000
614,000
3,600
743,000
6,000
37,000
54,000
300
900
183,000
2,000
48,000
2,000
5,000
and since September 1 the receipts at all the
the same time in 1886-7.
Quotations for Middling Cotton at Other Markets.—
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.
week last year,
Week ending
Jan. 6.
300
600
600
3,300
144,000
4,000
48,000
9,000
1,300
216,000
4,000
35,000
6,000
3,000
4,000
363,900
282,600
896,600 : L,106,900
63,000
59,000
619,000
510,000
44,000
48,000
Egypt, Brazil ,&c. ,afl t for E’r’pe
979,537
Stock in United estates ports.. 1 ,043,776 11,058,027 1,104,466
301,538
371,900
482,739
Stock iu U. 8. interior towns.. 420,192
12,500
14,351
24,839
28,418
United States exports to-day.
959,300 ] L,016,800
64,000
39,000
549,000
649,000
53,000
42,000
Total European stocks....
India cot ton afloat for Europe.
Amer. cott’n afloat for Eur’pe.
3,126,475
Total visible supply
3,081,686 3,237,566 3,115,156
Of the above, the totals of American and other descriptions are asiollows
Ameincan—
bales 444,000
Liverpool stoch
T
452,000
498,000
24,839
14,351
12,500
Continental stockB
India afloat for Eurone
53,000
42,000
Egypt, Brazil, &c., afloat
200,000
.19,000
45,000
57,600 148,900
63,000
59,000
48,000 44,000
64,000
39,000
500,900
2,625,575
434,300 425,800 326,600
2,647,386 2,811,766 2,788,556
Total East India, &0
Total American.....
3,126,475
. 5i«i0d.
9316c.
lUse.
3,081,686 3,237,566 3,115,156
Upl., Liverpool....
5nl0d.
5r>1(Jd.
5d.
Total visible supply
QUOTATIONS FOR MIDDLING COTTON ON—
Savannah
95s
...
...
Charleston
•
•
•
•
9l516
.
10
•
10
..
Wilmington
9^8
913; 6
95Q
•
H
Norfolk
©
Baltimore
8P
...
105a
Philadelphia
Augusta
Memphis ....
.
•
9^16
§
•
St. Louis
9^8
Cincinnati...
Louisville
...
9^8
9^i '
95s
95s
10
97s
101 iq
10116
105q
105g
10:{8
105g
978
1058
978
9^8
97s
978
978
978
978
978
978
•
91516
91b16
lOllQ
lOCg
103s
105s
91*16
934
91310
9i316
978
91310
t
f
91316
103
•
a
978
91310
91510
105s
1038®
105q
978
1058
Boston
10
978
10
'
Fri.
978
95g
9«ie
10i16
Thurs.
10
10
10
•
91*16
Wednes.
Tues.
Mon.
Satur.
Galveston
New Orleans.
Mobile
978
978
978
The following table
week from the planta¬
overland receipts nor
simply a statement of the
Receipts from the Plantations.
Indicates the actual movement each
tions.
The figures do not include
Beceipts at the Ports.
Week.
2,625,575
143,000
194,000
12,000
102,800
179,000
36,000
138,300
L verpool stock
L <ndon stock
CLOSING
—
215,000 Southern consumption; they are
619,000 weekly movement from the plantations of that part of the crop
979,537 which finally reaches the market through the outports.
301,538
2,647,386 2,811,766 2,788,556
Total Aine/ican
East Indian, Brazil, dtc.—
:
534,000
174,000 225,000
649,000 510,000
1,058,027 1,104,466
371,900 482,739
Continental stocks
162,000
American afloat for Europe... 549,000
United States stock
1,043,776
United 8tates interior stocks.. 420,192
United States exports to-day..
28,418
193,465 bales more than for
towns are
1,200
178,000
2,000
42,000
5,000
9,000
276,800
300,300
Total Continental stocks
34,100
33,000
period last year The receipts at
5,670 bales more than the same
bales more than at the same
the same towns have been
the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Jan. 6), we add the item of exports from
the United States, including in it the exports of Friday only.
and consequently all
Stock at Liverpool
Stock at London
[Vol. XLV
CHRONICLE.
THE
48
Ending—
De©
2
“
9
“
10
“
23
“
30
188C-S0 1886-87
1887-88'1883-80'1880-87
1
1887-88
1885-83.1880-5711887-88
*,832! 449,202
085)403,323
285,019
299,850 239,1S9 263.140
1
242,797 275,716 252,400 332,627 39<
248,134 227.880 249,019 434,343 402
300,470'292,180
497,369 284,907 209.5271247,948
521,319'433.534 503.078 280,240 305,023'209,163
233,011 200,059 213,902 481,239 410 953
240,lt6 283.045 202,859
189,852 230.0’.8 188,824 543.557 4-43,505
.
493.883 212,OiO'240,0l9 179,029
140,829 150,044 159,308 520,501 423,252 401,804 123,833 138,731 127,229
0
Jan.
Jsf’fc at Interior Towns. Rec'pts from Plant'ns.
The above statement shows—1.
the plantations since September
in 1886-7 were 4,290,034 bales ; in
That the total receipts from
1, 1887, are 4,582,882 bales;
1885-6 were 4,270,355 bales.
2.—That, although the receipts at the outports the past week
|2gP The imports into Continental ports this week have been were 159.308 bales, the actual movement from plantations was
20,000 bales.
only 127.229 bales, the balance being taken from the stocks at
The above figures indicate a decrease in the cotton in sight the interior towns. Last year the receipts from the plantations
to-night of 155,880 bales as compared with the same date of for the same week were 138,731 bales aud for 1886 they were
1887, an increase of 33,470 bales as compared with the corres¬ 123,833 bales.
ponding date of 1880 and a decrease of 44,789 bales as
Amount of Cotton in Sight Jan. 6.—In the table below
compared with 1885.
we give the receipts from plantations in another form, and add
At the Interior To wns the movement—that is the receipts to.them the net overland movement to Jan. 1, and also the
Tor the week and since Sept. 1, the shipments for the week, takings by Southern spinners to the same date, so as to give
and the stocks to-night, and the same items for the corres¬ substantially the amount of cotton now in sight.
ponding period of 1886-87—is set out in detail in the following
1887-88. 1886-87. ! 1885-86. I 1884-85.1
Price Mid.
10^o.
PrioeMid.Upl., New York....
B»i0c.
Statement.
9 s
g E
*
>-.
°
©
:
s
6j4,144,858|3,914,842 3,759,644 3,825,510
Receipts at the ports to Jail.
Interior stocks on Jan. 6 ini
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the lowest 38.
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W
8
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pp^i310®;^!0
to to ©O’to to® 00
— ~ ^i^i©© —
© © O’
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The figures for Louisville in both years are ** net.”
figures estimated.
The above totals show that the old interior
*
decreased during
Pi
5'2
M tO
M
1884-5
.
•
Palestine, Texas.—It
Louisiana.—Telegram not received.
Shreveport, Louisiana.—Telegram not received.
Columbus. Mississippi.—We have had rain on one day of
the week, the rainfall reaching two inches and fifty-seyeD
hundredths.
The thermopieter has averaged 41, ranging
from 18 to 68.
During December the rainfall reached nine
inches and ninety hundredths.
New Orleans,
©
?r
foal"®, the increase as
bales, and the increase over
has rained on three days of the week,
the rainfall reaching sixty-one hundredths of an inch.
Ave¬
rage thermometer 54, highest 76, lowest 24.
San Antonio, Texas.—Rain has fallen on four days of the
fc*
week to the extent of thirty-one hundredths of an inch.
The
5
thermometer has averaged 58, ranging from 34 to 74.
*
•. a
8
839,211
in amount in sight to¬
Halvetton, Texas.—We have had rain on three days of the
week, the rainfall reaching twenty hundredths of an inch.
The thermometer has averaged 57, the highest being 69 and
5
to
to
1,249.814 1,020,107 1,082,429
the above that the increase
with last year, is 544,768
freely.
On
©
spinners’ takings
Telegraph.—Reports to us by tele¬
graph to-night from the South deno’ e that the temperature
has in general been somewhat higher, with rain in about all
districts, but not excessive.
The crop is being marketed
Is!
®
303,570
Weather Reports By
x<*
<1
tO M O’ 0’’ X m O’©
M
<1©MMMMMW©©
tO
-ip c^ocp©
©COM*-* 05 Vi O’
M O’
MS
^ c*
r
510,711
'5,499,544|4,953,776 4,926,447 4,602,128
to*
|
I
1
compared with 1885-6 is 572,097
is 896,416 bales.
f?
C’^1WX-sIM©©<|mM©’M^1©©©©M
©MC0©0’O^lM©©t0C0X©M©©t0<l
O’ © 00 © m m to
05
MM©
COM
©^1
to
© MhC DC M tO
s
8?
sight Jan. 6
It will be seen by
night, as compared
Cb j
-4^©0©0©M
to
©
wek. This
M
M
M
Northern
Jan. 6
©^0’©©©t0OU0©t0XM©M©O’WM
M
©
375,192
4,582,832 4,290,034 4,270,355 4,129,080
710,712 513,742, 525,092! 358,048
consumpt’n to Jan. 1 205,000 150,000| 131,000j 115,000
Total in
a: •
MM
M
437,974
Tot. receipts from plantat’ns
Net overland to Jan. 1
©
w
of September 1....
excess
H
® 7c q
©
♦ This year's
Mississippi.—Rainfall for the week two inches
The thermometer has ranged from 32
averaging 49‘9. Rainfall for the month of Decembei
Leland,
and two hundredths
to
69,
five inches and eleven
hundredths.
Greenville, Mississippi.—It has been cloudy during the
week, with a rainfall of one inch and fifty-nine hundredths.
The thermometer has ranged from 30 to 62. During the month
of December the rainfall reached five inches and eighty-three
stocks have
hundredths.
the week 29,261 bales and are to-night 48,292
78881
Jim
if
7. 1 ’
■
49
CHRONICLE
THE
%1
shipments since Jan. 1 show an increase of 39,000 bales.
other India ports for;
of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
the
L'ttle Rock, Arkansas.—Telegram not received.
Helena, Arkansas.—It has rained lightly on three days of
the week, the rainfall reaching one and thirty-five hun¬
dredths. The weather has been warmer.
Considerable cot¬
The movement at Calcutta, Madras and
the last reported week and since the 1st
coming in. rl he thermometer has averaged 48, the Tuticorin, Kurrachee and Coconada.
highest being 72 and the lowest 24. Rain fell on sixteen days
Shipments since January 1.*
Shipments for the ‘week.
in December to the extent of five inches and eighty hun¬
ton is
Memphis, Tennessee.—It has rained on three days of the
week, the rainfall reaching one inch and sixty-three hun¬
dredths.
The thermometer has averaged 46, the highest
being 69 5 and the lowest 26. During December we had rain
on
fourteen days, and the rainfall reached five inches
and eighty hundredths. Average thermometer 41, highest 62
Conti¬
Great
Britain.
dredths.
Calcutta1888
1887
Great
Britain.
Total
nent
Total.
Continent.
1,000
1,600
99,000
81,000
125,000
1,600
2,000
2,000
500
64,000
44,000
13,000
6,000
77,000
500
38,000
129,000
1.000
224,000
121,000
40,000
Madras-
1888
and lowest 14*5.
50,000
All others—
2,000
91,000
1,000
1,000
three days of
63,000
139,000
76,000
1,000
1887
1,000
the week, the rainfall reaching forty-two hundredths of an
inch. The thermometer has ranged from 42 to 69, averaging Total all430,000
176,000
1,000
254,000
1888
4,000
5,000
53. During the month of December the rainfall reached five
310,000
201,000
2,100
109,000
1887
2,100
inches and thirty-one hundredths.
Totals since January l cover the years 18S7 and 1886. j
Mobile, Alabama.—It has rained severely on one day and
The above totals for the week show that the movement from
has been showery on one day of the week, the rainfall reach¬
the
ports other than Bombay is 2,900 bales more than the same
ing one inch and thirty-six hundredths. The thermometer
has averaged 50, ranging from 32 to 65. Rainfall for month week last year. For the whole of India, therefore, the total
of December seven inches and twenty-one hundredths.
shipments since January 1, 1887, and for the corresponding
Montgomery, Alabama.—Rainfall for the week one inch periods of the two previous years are as follows :
Nashville, Tennessee.—We have had rain on
-
*
The thermometer has averaged 50,
ranging from 30 to 75. During the month of December the
rainfall reached eight inches and twenty-five hundredths.
Selma, Alabama.—We have had rain on one day of the
week, the rainfall reaching one inch and fifty hundredths.
The thermometer has ranged from 30 to 70, averaging 46*5.
Auburn, Alabama.—Rain lias fallen dur ng the week to
the depth of two inches. Frosts on the 3d and 4th. Average
thermometer 46*4, highest 69, lowest 27.
Madison, Florida.—Telegram not received.
Macon, Georgia.—Rain has fallen on two days of the week.
Columbus, Georgia.—It has rained on one day of the
week, the rainfall reaching twelve hundredths of an inch.
The thermometer has ranged from 30 to 61, averaging 46.
Rainfall for December twelve inches a^id thirty-nine hun¬
and four hundredths.
dredths.
days and the
The rainfall reached
Average thermometer
Savannah, Georgia.—Rain has fallen on two
balance of the week has been pleasant.
one inch and forty-two hundredths.
EXPORTS TO EUROPE FROM ALL INDIA.
1887.
1888.
Shipments
to ail
This
week.
Europe
from—
11,000 1,112,000
Bombay
All other
*
This
week.
Since
Jan. 1.*
Since
Jan. 1.*
17,000
2,000
742,000
226,000
21,100 1.383,000
19,000
968,000
Sbipments.—Through
arrange¬
Total
For the years
1887,1886 and 1885.
Alexandria Receipts and
This
week.
Since
Jan. 1.*
19,000 1,073,000
2,100 310,000
5,000( 430,000
16.000’1,542,000
ports.
1886.
made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The follow*ments we have
ing
the
are the receipts and shipments for the past week and for
corresponding week of the previous two years.
Alexandria, Egypt,
1885-86.
1886-87.
1887-88.
Jan. 4.
51, highest 73 and lowest 28.
Receipts (cantars*)—
150,000
170,000
This week....
126,000
Augusta, Georgia.—We had rain on one day in the early
Since Sept. 1
2,197,000
2,153,000.
2,292,000
part of the week, but the latter portion has been clear and
Sine*
This
This
Since
This
Since
pleasant. The rainfall reached one inch and eighty-one hun¬
week. Sept 1,
week. Sept. 1.
week. Sept. 1.
dredths. Cotton is coming in freely. There is considerable
in the country yet to be marketed. Receipts for the season
1
Exports (bales;—
to Thursday night are over forty-five thousand bales in excess
8,000 162,000 16,000 145,GOO13,000 167,000
To Liverpool
9,000 75,OOO
3,000 84,000! 5,000 69,000
To Continent
of last year. The thermometer has averaged 48, the highest
i
I
being 73 and the lowest 27. December rainfall four inches
16,000 251,0001 13,000 231,000 25,000)220,000
Total Europe
and sixty-four hundredths.
A cantar is 98 pounds.
Atlanta, Georgia.—Telegram not received.
This statement show that the receipts for the week ending.
Charleston, South Carolina.—Rain has fallen on two days
of the week to the ex»ent of one inch and twenty-three hun¬ Jan. 4 were 126,000 cantars, and the shipments to all Europe
dredths. Average thermometer 53, highest 68 and lowest 29. 16,000 bales.
Rainfall for December seven inches and nicety-one hun¬
Manchester Market.—Our report received by cable to-night
dredths.
states that the market is
from Manchester
dull for
Siatelurg, South Carolina.—During December we had both yarns and shirtings.
We give the prices for to-day
rain on eleven days and the rainfall reached three inches and below, and leave those for previous weeks of
this and
thirty-one hundredths. Average thermometer 45*3, highest last year for comparison :
*
66*9 and lowest 23.
Columbia, South Carolina.—During the month of Decem¬
ber the rainfall reached three inches and seventy-three hun¬
dredths.
Wilon, North Carolina.—Rain has fallen on one day of the
week, the rainfall reaching seventy-two hundredths of an
inch. The thermometer has ranged from 15 to 66, averaging
53.
The following
statement we have also received by telegraph,
showiog the he-ght of the rivers at the j-oints named at 3
o’clock Jan. 5, 1888, and Jan. 6. 1887.
J Jan. 5,’88.
Jan.
Inch.
Feet.
4
13
10
3
17
Feet.
1
New Orleans..
9
0
4
6
0
6, ’87.
Inch.
5
6
9
6
3
1886-87.
1887-88.
d.
d.
Dec. 2 7*2
“
9 712
“
16 7*2
“
23 7*8
“
30 7\
Jan. 6 7%,
©8*8
©S1^
@8*8
©>8*4
©83a
©838
'
CotVn
Mid.
Shirtings.
Uplds
8*4 lbs.
32# Cop.
Twist.
8.
d.
8.
5 7^@7
5 7*2©7
5 71a©7
5 9 ©7
5 101e©7
5 10^©7
d.
0
0
0
Ha
3
3
d.
5^8
32# Cop.
Twist.
d.
59l« 73s ©8
5^8
d.
75ie'®7i&ie
7»8 ©8
8*4 lbs.
CotVn
Mid.
Shirtings.
Tipida
d.
8.
d.
5
5
5
5
8
8
8
8
©6 8
©6 9
©6 9
©6 10
8
©6 10
51116 7&iq@71516
534
75i6©71518|5
5116 7f>16©7lb1(5 5
8
s.
©6 10
<L
5%
514
514
514
5*4
5&1S
&c., to January 1.—In our editor¬
to-day will be found our regular statement of
overland movement, receipts, exports, spinners’ takings, &2.y
Overland Movement,
ial columns
brought down to January 1.
Egyptian Cotton Crop.—Our correspondent at Alexandria,
18
Shreveport...
*1
Above
low-water
mark
Vicksburg....
writing under date of December 12, sends us the cotton report
of the Alexandria Produce Association for the mo th of
Below zero of gauge.
We have translated both the letter and the
November.
India Cotton Movement from all Ports.—The receipts
give
them below. The letter is as follows :
and shipments of cotton at Bombay have been as follows ior report, and
Alexandria, Dec. 12, 1887.
the weelc and year, bringing the figures down to Jan. 5.
Above low-water mark.
Memphis
Nashville
2
21
*
BOMBAY RECEIPTS AND SHIPMENTS
Shipmentt this week.
Year Great
Bril’n.
1888
1887
1886
1885
*
Conti¬
nent
Total.
Shipment* Since Jan. 1.*
Great
Britain
Conti¬
nent.
Total.
Gentlemen : I
Receipts.
This
Week.
Since
Jan. 1.*
4,000 7,000 11,000 381,000 731,000 1,112,000 29,000 1,628,000
4.000 15,000 19,000 345,000 728.000 1,073,000 41,000 1,627,000
742,000 30,000 1.143.000
2,000 15,000 17,000 230,000 512.000
2,000 12,000 14,000 525,000 706,000 1,231,000 16,000 1,673,000
The totals since January 1 are
1887, ’86, ’85 and *84.
B. Dana dt Co., New York.
send you enclosed the^November report (No. 17) of
Alexandria Produce Association. As you will see by this report,
Messrs. William
FOR FOUR TEARS.
for the years ending December 31,
the
th<*
Egyptian crop is now placed at only 2,850,000 cantars, instead of
3,000,000 cantars, which was previously the average estimate. It is
not necessary, however, to accept this report as gospel truth [“ parole
d’evang le”], for well informed merchants here still look for a crop <P
more than 3,000,000 cantars.
Not until January 15, however, will it bb
possible to speak positively in regard to this matter, since at present
much cotton is still in the interior.
Yours,
E. 8.
•
According to the foregoing, Bombay appears to show a
It will be observed that the receipts at Alexandria for the
decrease compared with last year in the week’s receipts
of 12,000 bales and a decrease in shipments of 8,000 bales, and past three weeks have been smaller than last year, and as the.
r
THE
50
year was an early one,
mate would prove correct.
crop
this
it looks as if the smaller
CHRONICLE
[VOL. XLVI
1882-83.
1883-84.
1884-85.
1885-86.
1886-87.
1887-88.
esti¬
3,046,616 2,590,912 2,524,718 2,557,994 2,420,284 2,401,937
32.561
40,400
51,576
36,857
35,466
37,606
•«
S.
30,603
38,574
29,351
34,792
2....
46,724
S.
32,235
31,488
49,256
3
48,633
40,247
“
50,747
46,652
30,573
S.
44,918
4....
38,400
“
40,832
S.
49,583
39,900
69,328
5....
57,983
41,373
8.
42,484
35,316
6....
53,579
37,139
8.
27,721
49,972
52,116
7....
30,121
31,238
55,741
53,020
41,919
54,997
8....
30,529
39,535
40,286
8.
35,689
30,266
9
28,853
42,877
»S.
“
29,964
33,148
57,783
10....
40,39 3
31,429
48,904
43,051
40,050
s.
“11
46,929
34,000
34,208
8.
84,043
12....
34,347
40,180
42,005
40.107
8.
31,338
35,221
“13....
33,536
02,472
8.
37,112
58,005
“14...
44,303
28,165
38,370
G3,398
40,730
“15....
50,058
47,949
28,108
41,211
30,531
8.
32,075
16...
32,472
50,659
35,07G
8.
17....
31,541
44,845
32,811
83,530
29,752
49,822
“18....
8.
37,300
41,307
43,355
37,037
35,343
S.
08,828
43,281
19....
37,360
42,450
39,243
8.
“20....
24,040
30,440
03,408
39,245
“
35,840
8.
47,004
50,879
21....
42,325
24,883
To. Nv.30
The report of the “Alexandria General Produce Associa¬
tion, Cotton Section,” for November, referred to above, is as
Dee. 1
“
...
follows:
the
the
only advantage which Beliera drew from tlie great heat of October. On
the other hand, fogs did some damage, and we now estimate the average
B&hira.—ln this province picking was completed early this year,
■entire crop having been gathered before November 10th. This is
yield at 3 can tars per feddan.
(Jh arkiih—Reports from this province are somewhat contradictory.
Tt seems, however, to be a fact that here also the beneficial effects of the
heat were not so great as they appeared to he. We must, indeed, reduce
our previous estimate about 10 per cent, which would make the average
yield of Charkieh between 234 and 3 cantars per feddan.
Dakahlieh.—Tto harvest in this province has turned out satisfactorily.
The average yield is placed at 3 cantars, which agrees with our Septem¬
ber estimate.
Galiovbiih.—Reports from this province are good. The absence of fogs
during October and the excellent character of the soil have allowed
crops to profit greatly by the favorable temperature, and to repair in
great measure the injury done by worms. The average yield is thought
to be about 3;U cantars per feddan, which accords with our previous
expectations.
Garbith.— Reports from Garbich are rather contradictory, as is fre¬
quently the case in this province, whose extent is so great that the influ¬
ences to which the crops are subject vary in different sections, and hence
do not produce everywhere the same results. The reports seem to indi¬
cate, however, that if some districts have been especially favored, the
greater part of the province is far from satisfied with the crop. The
fogs at tin* close of October were destructive here too, and the hot
weather, while hastening the opening of the bolls, has prevented them
.from developing and attaining their normal weight. For these reasons
we believe the crop in this province will fall about 4 eantar per feddan
below
our first,
estimate.
MenovjMi.—We have no changes to make -in our predictions for
Mcnoufieh.
It is becoming more and more certain that the crop there
will be about one-third less than in 1880.
Fayoum.—The crop of this province will amount, as we have said pre¬
viously. to 80,000 cantars.
Beni Sonet'.—Picking was finished in this province some
and we have only to reiterate the statements ma.de by us in
time since,
September
and October.
General observations.—As is shown by the
been confirmed, except as regards Behera,
these three provinces the October fogs and,
above, our predictions have
Charkieh and Garbieli. In
to a certain extent, exces¬
sive heat, have caused a diminution in the crop. Wc think, too, the
amount to lie ginned in the whole of Lower Egypt is less than last year.
These facts compel us to reduce by about 150,OOo cantars our September
estimate of 3,000.000 cantars, and to place the total result of the harvest
at only about 2,850,000 cantars gross.
In consequence of the earliness
of the picking, now everywhere completed, we shall receive no further
reports from our correspondents in the interior and shall not publish a
r6sum6 in December, as we did in 1880.
following is from Messrs. GadJum,
Bythell & Co.’s report, dated Bombay, Dec. 2:
Crop reports continue favorable. Supplies are increasing slowly in the'
East India Crop —The
arrivals so far are comparatively very
Oomra cotton markets, but the
Bin all.
Reports from the Broach and Dliollora districts continue very satis¬
factory, and so far everything points to a good yield in both these dis¬
tricts.
The
Bimbay Citton Company’s report of the same]date
cays:
New cotton continues to come in from Bengal and Oomrawuttee very
sparingly, <>,011 hales less from the former and 14,833 bales less from the
latter districts than last year having been received during the fortnight.
The new Bengal that is coming into the up-country markets is being
eagerly taken up by mills in the neighborhood; and Calcutta, assisted by
a reduction in railway freights in that direction, is drawing off supplies.
The weather lias been settled in all the cotton districts, and there is
nothing fresh to report in this respect. Broach promises to be larger
than last year, and Dholiera about the same; but on the other hand esti¬
mates of the Oomrawuttee crop have been considerably reduced lately
by those best able to judge, some authorities going so far as to say that
the yield will be 40 per cent less than last season—which however was a
large crop—the largest since the bumper crop of 1882. Bengals also,
there appears little reason to doubt, will be short this season, but the
shortage in both Oomrawuttee and Bengal will tell considerably on the
Clearances during the latter portion of this year, as they are both late. •
Jute Butts, Bagging. &c —The demand for bagging h s
been of a jobbing character and but ii tie inquiry is reported
for any quantity.
Prices are about as lest, sellers quoting
6^c for l%lb, 6c for l%\b, t,igc for 21b and 7c for standard
grades. Rather more trade is being done in butts, though the
market is not active.
For paper grades quo ations are 2},£%
2y8c> while bagging qualities are held at 2?g(323^o as to
quantity.
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement since
September 1, 1887, and in previous years, has been as follows
Year
Monthly
Jleccipt8.
Beginning September 1.
“
“
“
“
...
...
“
“
“
“
ii
OQ
24
27,199
30,271
35,490
“
25
8.
“
26....
“23....
“
27
“
28
u
09
31,529
27,598
33,031
29,805
30,771
24,050
“30....
“31....
31,719
58,940
31,185
8.
32,106
47,370
43,083
30,201
29,773
40,485
8.
36,319
30,790
01,344
40,110
26,457
27,170
53,191
27,328
8.
45,938
8.
38,916
39,903
42,787
22,724
31,955
23,687
‘
42,570
-
40,558
8.
32,705
24,528
24,053
43,051
21,548
50,258
38,039
32,017
35,045
50,620
8.
53,011
42,039
S.
4,010,200 3,755,798 3,594,038 ;3,002,205 3,479,937 3,514,473
49,360
10,259
19,952
24,171
1....
25,034
35,488
19,022
8.
18,208
2....
15,144
33,005
24,050
18,888
23,206
3...
32,049
30,029
8.
29,181
19,977
24,8.44
4....
25,749
20,582
33,895
25,885
14,490
31,730
5....
18,000
21,857
S.
34,713
14.401
21,985
0
25,879
28,585
Tot.De.31
Jan.
“
“
“
“
“
•
4,144,858 3,853,109 3,704,938 3,762,562 3.571,452 3,721,172
Percentage of total
01-82
73-01
78'78
08-05
72-42
port rcc’pts Jan. 0
Total
....
Shipping News.—The exports
States the past week, as per latest
of cotton from the United
mail returns, have reached
138,095 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
tbe Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bales.
New York-To
1,499
...Germanic, 2,938... Lake Huron, 8-19
Liverpool, per steamers City of Chicago,
Gallia, 1,778
Nevada, 1,388... Rosse, 1,008... Spain,
To Hull, per steamer Marengo, 1,047
To Havre, per steamer La Champagne, 449
1886.
]
1
1885.
1884.
1883.
'..
To Bremen, per steamer Fulda, 246
To Hamburg,-per steamer Moravia, 2,650
—
To Antwerp, per steamers Bclgenlaiul, 1,972—Hermann,
2,990.......
345,445 343,812 326,656
eept’mb’r
980,584
October.. 1,213,404 1,034,450,1,055,524 1,090,385 1,046,092
Novemb’r 1,178,436 1,197,259 1,083,552 1,122,104 1,030,380 1,094,697
DeccmlVr
903,584
1,069,920 1,104,211 1,059,653 1,112,536
359,203 •
385,042
1,161,88oj
Electrician, 0,850
Guido, 7,400
Californian, 2,885...
Historian, 3,000
4,010,200 3,755,798 3,594,038 3,602,205 3,479,937 3,514,473
port
Pero’tage
71-75
5838
76-68
66-40
70-59
receipts Dec. 31..
Total
of tot.
to Dec. 31 the receipts at the
ports this year were 254,402 bales more than in 1886 7 and
415,562 bales more than at the same time in 1885-6. By add¬
ing to the totals to Dec. 31 the daily receipts since that time
we shall be able to reach an exact comparison of the move¬
ment for the different years.
25,041
4,240
4,080
ship Algnma, 4,240
ship Stephan, 4,240
To Bremen, per steamer Wotan, 4,080.
To Hamburg, per steamer Carlton, 1,018
Mobile—To Liverpool, per steamer Clare, 5,001.
Savannah—To Liverpool, per steamers Dorset, 0,943....Timor,
0,285... per bark Olaf Glas, 1,943
Charleston—To Liverpool, per bark Nordenskjold, 1,500—
Williclmino Fust, 1,100..
Ophir, 1,300.... Fohnna, 2,500
To Havre, per bark F. A. Muneli, 1,300
To Bremen, per steamer Thoniholme, 4,100
Galveston—To Liverpool, per steamers Benita, 2,991
North¬
ern, 5,808
per bark Frincc Rudolph, 3,838.
per
To Havre, per
To Bremen, per
To Salerno, per
steamers Falloden, 4,000
1,048
5,001
15,171
0,460
1,300
4,100
Frincess, 4,970,
bark Mississippi, 2,032
Norfolk—To Liverpool, per steamer Canopus, 0,000.
West Point—To Liverpool, per steamer Bi-ooinhnugli, <>,297...
Newport News—To Liverpool, per steamer San Juan, 3,444 —
Baltimore—To Liverpool, per steamers Nessmore, 3,308.. Feruvian, 500
To London, per steamer Minnesota, 200
To Havre, per steamer Amethyst, 400...
Boston —To Liverpool, per steamers Falestine, 1,544.
.Favonia,
1,414
To Yarmouth, per
steamer Dominion, 37
The
form,
12,640
9,030
2,032
0.000
0,297
3,444
3,868
200
400
2,958
37
138,095
.
*
particulars of these shipments, arranged in our
follows :
are as
Brem
Liver¬
New York
N. Orleans.
Mobile
8avannali
.
This statement shows that up
4,902
200
1,100
944
.
To Christiana, per steamer Island, 200
To Stettin, per steamer Gothia, 1,100
To Genoa, per steamer Utopia, 914
New Orleans—To Liverpool, per steamers
Total
1882.
13,078
1,047
449
246
2,650
3,618
t
1887.
654,776
53,083
45,783
35,875
58,617
33,610
i,047
25,041
......
0,400
Galveston
Norfolk
West Foint.
12,640
6,000
Newport N.
3,444
4,068
2,958
.
Baltimore
Boston
.
....
449
4,240
2,896
5,128
1,300
4,100
9,036
6,262
34,409
5,061
15,171
11,866
23,708
6,000
6,297
2,032
6,297
Total... 100,224
Total.
24,676
944
5,001
15,171
Charleston.
...
Anlw'p,
Chris- Salerno
Yar¬
and
liana d) and
Hull. Havre. Hamb. Sfetlin. Genoa. mouth.
pool.
13,078
usual
3,444
400
37
1,047
6,389 21,160
6,262 2,976
4,468
2,995
37 138,095
!
carrying
down to
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
the latest dates:
Galveston—For Havre—Dec. 30—Bark Braekka, 1,100.
Wednes ., Jan. 1.
January....
..
Thurs., Jan
,
Fri., Jan. 6.
5.
.
1
Open High Low. Clos. Open High Low. Clos.
d.
d.
d.
d.
5 40
5 40
5 40
5 40
5,(350—
Orleans—For Liverpool—Dec. 30—Steamers Elysia,
Pedro, 2,825
Dec. 31—Steamer Leonora, (5,(300.
For Barcelona—Dec. 30—Steamer Hernau Cortes, 4,761.
New
51
CHRONICLE.
THE
January 7, 1888.]
j! 537
d.
d.
5 37
d.
d.
5 37
t 37
5 38
d.
j
i
Open High j Low. Clos.
'
|
d.
d.
d.
5 39
5 88
5 39
5 40
5 40
5 40
5 10
| 5 87
5 37
5.37
5 37
5 88
5 39
5 38
539
Savannah—For
Feb.-March 5 41
5 41
5 41
5 41
5 38
5 38
5 38
5 38
j
5 39
5 40
5 39
5 40
5 42
5 42
5 42
5 43
5
5 89
5 89
5 39
5 40
5 42
5 40
543
5 44
5 44
5 44
5 44
5 41
5 41
5 41
541
j
!
5 42
5 43
5 42
5 43
5 46
5 46
5 46
5 46
5 43
0
43
5 43
5 43
j
5 44
5 45
5 44
545
£ 48
f 48
5 48
5 48
45
5 45
5 45
5
5 47
5 46
5 47
5 50
5 50
5 50
5 50
5 47
5 47
5 47
4o|
5 46
Steamers Bavarian, 1,971; Samaria,
Baltimore—For Liverpool—Dec. 31—Steamer
Mar.-April.
April-May .
May-June..
June-July..
July-Aujr
Au^.’Sept..
5 47
|
5 48
5 49
5 48
5 49
5 51
5 51
551
5 51
5 48
5 48
5 48
5 48
j
5 49
0 50
j 5 49
550
Liverpool—Dec. 31—Steamer Puerto Riqueno, 4,590.
Charleston—For Liverpool—Dec. 31—Bark Capenluirst, 1,820.
For Genoa—Dec. 30—Bark Arauna, 1,4(30.
Wilmington—For Liverpool—Dec. 31—Bark Olutf, 1,236._
Norfolk -For Liverpool—Dec. 31—Steamer San Juan, 3,537.
Boston—For Liverpool—Dec. 27—Steamer Roman,
Dec. 28.
J an.-Feb.
...
..
—.
Vancouver,
Philadelphia—For Liverpool—Dec. 27—Steamer Lord Clive, 710.
For Ant werp—Dec. 30—Steamer Nederland, 358.
around half a point.
Merchant Prince, steamer (Br.),
Taylor, at Bremen, from Galveston,
which had
lire in her fore hold, had on Dec. 28, discharged 1,000
bales of cotton from that part of the ship. Of these 750 bales were
damaged by lire and water. The steamer’s other compartments have
six feet of water in them.
It is thought that the remainder of the
cargo is damaged by water.
F. Matthews, steamer (Br.), llotl, from New Orleans via Norfolk and
Shields for Reval, before reported aground near Copenhagen,
had her fore compartment full of water. The captain of the steamer
has entered into a contract with the Svitzer Company to take his
vessel to Copenhagen. They agree to do this for 1 / per cent of the
dry and 27% per cent of the wet cargo, with 20 percent on the,
ship if she is Hunted. If she is wrecked they are to receive 30 per
cent of the cargo and 33% per cent of the salved materials.
Liverpool, steam d.
\
sail...</.
•
Do
Havre, steam
0-jo
•'
e.
w
La
a
2
p*
P
p
$
•
7;
:
1
•
•
•
•
..
a
732 “ M
732
732 « *4
732
4
4
4
*64
*84
*64
4
Per 100 lbs.
Sales of the week
bales
Of which exporters took ...
Of ■which speculators took...
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of tlie week
Of which American
Amount alloat
Of which American
|
De\ 23.
Dec. 1(5.
Dec. 30.
11,000
2(5,000
49,000
5,000
3,000
32,000
10,000
25,000
75,000
5,000
74,000!
3,000
4,000
4,000
(5,0001
51,000;
38,000
52,000
9,000
9,000
22,000
20,0001
59,000
(5,000
(501,000
(523,000
102,O00j
119,000
105,000
83,000!
111,000
83,000
444,000
95,000
80,000
270,0(K)j
255,0001
285,000
582,000
570,000
389,000
85,000
(57,000
2*7,000
270,000
Jan. (5.
275,000
293,000
278,000
day of the week ending Jan. 6 and the daily closing prices
of spot cotton, have been as follows :
Saturday,Monday.
Spot.
Market,
12:30 t.m.
Tuesday.
1
^
j
i
Steady.
Mid.Upl’ds.
Mid. Orl’ns.
51:he
12,000
1,500
in
Sales
H
0
0
Spec. &. exp.
Wed ncs.
Thursd'y.
Freely
Freely
0 tiered.
olfered.
Friday.
>—•
5H1G
534
12,000
1,500
Stead>.
*!>
5 h
5”lfl
Futures.
Market,
10,000
1,500
12,000
1,500
Quiet at
£
J
£
Quiet.
1 64 <«, 8-64
Firm.
Quietand
aieadyi
decline..
Quiet at
1454 deciine.
DAILY CLOSING
TRICES OF NO. 2 RED W INTER W HEAT.
Sat.
92 b>
93 5s
January delivery
February delivery
March delivery
April delivery
May delivery
Mon.
Tuts.
lied.
:
D1 >4
91
)—4
92 *4
92%
Thurs.
91 %
92 %
93%
94%
93 %
9 1%
95 Oh
95 •Vi
5)8 :,4
93%
91*2
95%
95%
98j2
94 4
delivery
December delivery
954
90%
90%
r*
’
.
95 <4
1 00
*.
98%
95
%
■
a
1
Steady
at
1-64 ad¬
vance.
Steady.
corn has been dull and drooping.
The export has
trifling and the local trade kept within the narrowest
limit.
There is a pretty free movement of the new crop,
w hich discourages i pei ulaticn for the rise.
To-day the mar¬
ket favored buyers, but the decline was unimportant.
Indian
DAILY CLOSING TRICES OF NO.
Mon.
Sat.
<>3%
(534
(>378
January delivery
February delivery
May delivery
*.
M
r5 r;
2 MIXED CORN.
Th urs.
Tues.
Wed.
(53
02%
02
(53%
(53
03 *2
03%
02%
03%
MonM Jan. 2.
a
I
•
•
t
•
t
..
...
Feb.-March
Mar .-April .
April-May..
May-June..
June-J uly..
July-Aug...
Aus.-Sept..
•
j
M
Tl
O
O
pi
Pi
3®
»
'-d
1
Tues., Jan. 3.
1
Open High Low. ClOa.
d.
d.
d.
5 42
5 12
542
5 42
5 4.2
5 42
5 12
5 42
5 44
5 44
5 41
5 44
5 45
5 45
5 45
5 45
5 47
547
5 47
5 47
5 49
5 49
5 49
£ 49
cl.
!
5 51
5 51
5 51
5 51
•
J
5 53
5 53
5 53
5 53
a
1
•
5 54
5 54
5 54
5 54
•
t
Fri.
02%
02%
03
advanced, lut toon reacted in sympathy with
To-day the market was dull and eatier.
Oats further
corn.
PRICES OF NO. 2 MIXED OATS.
DAILY CLOSING
Mon.
Sat.
January delivery
February delivery
39%
40%
May delivery
1178
-
r5
M
v
Tues.
39 %
40
41 %
Wed.
Thurs.
Fri.
39
384
39%
41%
39%
38%
39%
4 1
41
4
Rye and
aLd barley malt are more firmly held.
are quiet.
following are the closing quotations:
buckwheat
Minn, clearand stra’t.
Winter sbipp’g extras.
W'inter XX and XXX.
Patents
Southern supers.
South’n
otherwise stated..
8ai., Dec. 31.
Fri.
91b2
92^8
93=18
94%
95%
9514
984
been
Fine
$ bid.
Superline
Spring wheat extras.
opening, highest, lowest and closing prices of futures at
Liverpool for each day of" the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
Jan.-Feb
were
v.
FLOUR.
/■
Barely
steady.
Regular
unfavorable from
many districts, tring ng from them oraers to buy, which
turned the course of valueo against the bears.
The export
demand was mainly from the Peninsula and Antwerp, but a
line of spring wheat was sent on consignment to Glasgow,
To day the market was easier and the speculation dull, but
the lowrer prices on the spot were foliowtd by saks of 04,000
bushels for export.
f ill-sown crop
com.
extras
.
.
Southern bakers’ and
*2 20*2 50
2 50 w 3 00
2
3
2
3
4
2
3
1
3
1
5
3
3
SO a
05 a
85 it)
30 Co
25 co
75 a
3 25 ^
The
January.
weak and uns ttled.
market opened
the condition of the
The
P
^
4 T. M.
The wheat
busintss, whether for export or home milling, was very dull,
and some acti\ e operatuis foi the speculative account showed
a disposition to get “ tdion/’of the market, in view of the ful
figures at which the visible supply is maintained. But there
was revival of export demand on Wednesday,
and reports of
5
p<
Market,
to advance.
Bar ey
(
534
12:30 t.m.
gish, but this is usually the case in the first week of a new
year, and the fact has. therefore, ro significance Prices have
been well maintained, but do not show any decided tendency
Liverpool market for spots and futures each
The tone of the
s.
meal have changed very little
The demand has been quite slug¬
review.
June
Liverpool.—By cable from Live, pool we have the follow¬
ing statement of the week’s sales, stocks, &c., at that port
We add previous weeks for comparison.
‘
F F
The markets for flour and
in the week under
....
73i®4
732
1
i
Friday, P. M., January (5, 1888.
°32 732®®3uJ
....
....
%2 « h
7:i2
•
•
732®°32 732
....
35*
....
....
o
•
35’
35*
....
—d.'
dJ
....
....
35*
1132
1132
J1«2
%
38
....
....
....
Barcelona,steam d. ■
Genoa, steam
d.
Trieste, steam.. dJ
Antwerp, steam dJ
*
1
via Leitli.d.
sail
Do
°32 a 3s
%
....
sail...r.
Reval, steam
°32 « 38
%
38
:
•
Amst’dTn, steam c.
Do
3(54
<1
....
—
Hamburg, steam c.
Do
l6«
Yi
%
a
•
e.
sail
«
AVI.
a
$
Do
[ Wednts.
l8
|
;
e.
Bremen, steam
Thurs.
....
c.
sail.
Tuts.
Mon.
Satur.
:
I
1
Do
follows
freights the past week have been as
Cotton
B R E ADS T u
ashore near
stern hauled
a
R.
"!
j
received to date of disasters to ves¬
United States ports, &c.
(Br.)—Advices of Dec. 30th state that the British
steamer Kimberley from New Orleans for Liverpool,
Wash Woods, N. C., was hauled astern six feet and her
0
'
Below we give all news
sels carrying cotton from
Kimberley, steamer
■
*3 00 a $4 30
family brands
Rye Hour, superfine.. 3 50 a) 3 75
20
(50
25
30
OO
Fine
Corn meal—
2 70
Western, Ac
Brandywine.
Buckwheat Hour,
OH
2 75
3 00 it
3 20d
3 25
2 20
2 3
3 25
per
100 lbs
50
w
a
GRAIN.
Oats—Mixed
White
No. 2 mixed
No. 2 white
Wheat—
8(5
9L
w
Red winter No. 2...
Red winter
White
92
a
80
<0
Corn—West’ll mixed.
West’11 mixed No. 2.
Western white
0< 1
CD
9(5
92
93
95
95
0 1
0212
cl
03%
Spring, per bush.
Spring No. 2
Western
..
yellow’
White Southern
Rve—
State A Pa.,
$ bush.
(50
00
...
07
To
04
04
a
a
'CJU
^
®
11
'it
38%®
IL%<^
41
45
40
42%
Barley—
i
.
70
38
Canada No. 1
Two-rowed State..
Six-rowed State
Milwaukee No. 2...
9 1
78
■d
83
To
Tv
98
82
Malt—State, 4-ro wed.
State, 2-rowcd
85
80
To
80
Ttl 00
w
90
Buckwheat
00
TO
83
95
“2
j
..
i
The movement of breadstuifs to market is indicated in the
statement below, prepared by us from the figures of ihe New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending Dec. 31, 1887, and since
August 1, for each of the last three years:
.
,
THE
52
•
Receipts at—
Oats.
Corn.
Wheat.
Flour.
BblsAbQlbs' Bush.QOlb? Bush.56 lbs
Milwaukee...
Toledo
Cleveland...
177,598
336.834
52,702
4,298
163.575
4,060
9,240
80.564
£6,646
10.840
8t, Louis
1,400
Peoria
Minneapolis.
Same wk.’SG.
188.183
Same wk.’83.
Bince Aug. 1.
1& 7
126,634
1,882,501
2,271,406
1,423,399
5.541.106
70.264.334
4,765,849
3,901,366
59,704,3.9
40,524,381
260.1 as
Tot.wk. ’87.
1886*
1885*
*
664.460
422,550
26,880
17,527
44.000
518,990
1,100
9,419
22,464
181,340
£01,450
132,300
•
236,980
1 6,868
7,000
59,358
7,921
94,200
33,600
24,555
9,727
1,660
42
8,250
7,700
t
..
1,660.037 I
1,534,806
2,564,935
0
40,766.931
42,924,903
j
710,837
826,598
37,719,214
34,082.682
44.391,9171 30.575,540
389.550
51,934
26.133
588.042
58,239
525,927
813,173
198,885
•1
Montreal
Philadelphia...
Baltimore
Richmond
,28-4
3,205
/
23,822
41,803
4,080
8,951
New Orleans...
Totiil week. 3*20,080
Cor. week 80.. 330,085
15,611 5*9 1,055,421
14,116.275 1,295,227
12,530.013 2,034,649
bush.
bush.
238,000
54,802
35,400
104,700
70,034
seaboard ports for the
busli.
Tot.
Tot.
Tot.
Tot.
bush.
Dec. 24, ’87. 44,247.634
Jan.
I, ’87. 62,729.869
Jan.
2, ’861 58.645.325
Jan.
3, ’85t 43,366.972
5,759,407
13,783,111
10,255,337
4,754,497
t
Oats,
Barley'
bush.
1 bush.
Barieir,
hush.
bush.
674,077 3,676,855
5,859,191
5,026,610
3.419,251
435,129 2,785,798
774,819 2.393.768
567,221 1,751,994
2,347,970
According to Beerbohm’s London cablegram, the amount of
corn on passage at the dates mentioned stood as
wheat and
follows:
Week
Grain
on
0,570
2,105
201,080
5,307
11,342
4, /10
40,950
|150,040
21,255
07,019
1,200
-
...
4.
Week ending Dec. 28.
Kingdom..qrs.j
To United
To Continent
1,447,000,
253,000
Com.
380,000
1,455,000
211,000
238,000
62,000
49,000
1,666,000 429,000
1,700,000: 300,000
13,600,000 2M00.000 13,328,000 3,432,000
bush.1 23,410,000 3,320,000.22,180,000 3,200,000
Total quarters
Equal in bushels
The exports
Wheat.
Corn.
Wheat.
of Indian wheat for the week, year and season
below:
Indian Wheat
Week end'g Week end'it
Dee. 24.
Dec. 31.
Exports.
April 1 to
Dec. 31.
.
000
33,000
2,370
To United Kingdom
To Continent
.hush.
hush.
20,000
.hu>h.
20,000
120,000
12,320,000
11,500,000
180,000
23,880,000
GO,000
718
Total
544,001 142.305
708,321
553,400 104,880
1,102,033 1,151,003
ending Jan.
Passage.
Oush.
1,280
12,803
04,208
73,759.502
15,929,4.70
79,110.930
38,045.582
5,872.511
0,803,341
711,322
035,000
89.274,12.)
42,4 89,788
85,082,217
bush.
By e,
405.000 100,005
02,000
14,550
28,780
7,700
452,580
Rye,
Oats,
Minneapolis and St. Paul not included.
are as
7,103
8,875
The total receipts at th 3 same ports for the period from Jan
1 tj December 31, compare as follows for four years:
1887.
*1880.
'1885.
*1881.
Flour
bids. 15,000,017 14,020,373 13,8-22,303 14,210,719
Wheat
Corn
Oats
Com,
bvsh.
Same week ini S86
The receipts of flour and grain at the
^eek ended December 31, 1887, follow:
Coni,
Wheat,
Flour,
bbls.
Wheat,
.
Include one week extra.
At—
New York
Boston
[Vol. XLVI.
Bye.
Barley.
Bush.32 lbs BushAU lbs Bu. 56 lbs
31,380
29,350
55,037
32,9:6
17,000
590,149
570,240
CHRONICLE.
70,735,835
THE.DRY GOODS TRADE.
New York,
Friday, January 6,1888.
Although the demand for dry goods was light and irregular
the past week, as is usually the case at tire stage of the season,
the market has shown rather more animation than of late,
owirg to the arrival in town of a good many Southern jobbers
aud department buyers for Western houses. The demand was
Biirley
1,101,400
5,510,110
i?regular; plain and patterned cotton fabrics having been
Rye
178,081,014 198,121,021 185,421,100 100,358,520 relatively more active than domestic woolens and foreign
Total grain....
eoods, wli ch ruled quiet in first hands.
There was a large
Include one week extra.
movement
in
staple
goods,
and
in
such
spring fabrics
cotton
The exports from the several seabiard ports for thiw.*ek
as
ending Dec. 31, 1887, are shown in the annexed statement: prints, ginghams, dress goods, white goods, cotton hosiery,
on account of previous transactions, very lib?ral ship¬
etc.,
Exports
Pc s.
Oats.
Flour.
Corn.
Rye.
Wheat.
from—
ments in this connection having been made .by commission
Bush.
Bush.
B"sh
Bbls.
Bush.
Bush.
houses in this city and direct from the mille.
The jobbing
3,230
3,028
93,280
110,101
80,783
New York
trade
was
51,122
49,702
98,200
comparatively
unsatisfac¬
light,
but
by
no
means
Boston.
40,997
2,727
23,510
Portland.
tory for the time of year; iu fact it is probable that ^rather
1,501
N. News
14/230
more than an a- erage business was done by some of the prin¬
Philadel
40,094
51,128
170,258
Baltiiu’re
1,502
cipal jobbers.
22,310 141, t>03
N. Orl’ns.
1'030
Riehm’d
Domestic Cotton Goods,—The exports of cotton goods
Norfolk..
from this port for the week ending January 3 were 4,GG3
3,028
44,233
350,344 200,748
407,033
Tot. w’k.
packages, valued at $275,849. These shipments include 2,805
8’rno time
17,550
2,204
178,330
080,051
1880.
1,503,547
to China, 695 to South America, 610 to the West Indies, 185,
The destination of the exports is as below.
We add the to Mexico, 160 to Europe, 44 to Central America and
corresponding period of last year for comparison.
169 to all other countries.
For the year 1887 the exports
Corn.
Wheat.
aggregated 194,834 packages, valued at $11,885,932. Of this
Flour.
total China has had 92,461 packages, valued at $4,402,241,
Exports
1887.
1887.
1887.
1887.
1887.
1887.
for week
and 43,033
Week.
Week.
Week,
Week.
packages, valued at $3,098,788, have gone to
Week,
to—
Die 31.
Jan.
1.
Jan
L.
Dec. 31.
Jan. 1.
Di r. 31.
South America.
For the year 1886 the exports to all ports
Bush
Bush.
Bush.
Bush.
Bbls.
reached 211,547 packages, and in 1885 were 181,772 packages
llbls.
1 18,003
530,777
200,200 1,130,231
121,085
158,207
Un.King.
138,250
120,015
S:aple cotton goods were in moderate demand at first hands
307,280
4,070
1U, 307
8,070
Cont’nt
30
2,281
00
04,075
28,0 19
14,712
43. AC. Am.
and large ebipm ntsof plain and colored cottons were made by
0,80.8
23,078
20,718
23,7« 0
W. Indies
i50
the commission house s in execution of back orders. Prices ruled
L, 17 8
4,382
Brit, col’s
J
,308
20
7*)-,
Oth.o’n’ts
firm all along the line, and many brands of low-grade brown
*
350,344
080,051
17
107,033
1,503,5
178,330
200.718
Total...
and bleached goods, silesias, flat-fold cambrics, &c., were sub¬
Q he visible supply of grain, comprising the stocks in granary
jected to a further advance by the mill agents.
Print cloths
at the principal points of accumulation at lake and seaboard
were in active demand and dearer, the market clo3iDg strong
ports, and in transit by water, December 31, 1887 :
on the basis of 3^40. for 64x64s and
for 56x60s. Stocks
Oats,
Rye,
Barley,
Corn,'
Wheat,
last Saturday and for the three previous years were as follows:
bush.
bush.
bush.
bush.
bush.
In store at—
19,008,330
30,710,031
0,583,371
50,701,207
32,739,2 U
0,035,707
*
.
•
•
•
•
.
..
..
........
........
1
New
I)o
8,02 1,750
208,000
2,000
2,552,522
York
afloat
Albany
Butlalo
1,033,074 2,055,091
58,000
70,802
084,080
1,280,320 1,035,945
200,731
30,001
352,381
20,510
55.500
201,520
,,,
.....
5,329,150
Chicago
afloat....
“
Milwaukee
Duluth
Toledo
4,005
20,275
1,707,074
41,512
30,8 I S
50,000
5,730
10,02 L
4,578,000
Boston
Toronto.
28,000
222,870
1 Mi, 123
27,000
101,870
137,300
10,202
Philadelphia
583,000
03,311
178,000
380,5(57
230,004
03,830
Indianapolis
Kansas
City
Baltimore
Minneapolis
6t. Paul
On Mississippi....
On lakes
On canal & liver.
....
1,307,451
8,050,100
20,750
80,717
003,000
230,000
282,055
4,535
101,801
48,425
307,251
205,020
130,200
225/KK)
44.,'S00
7,000
10,215
130,100
0,300
31, *67. 44,4-51,130 3,935,25o 5,79,764
247,200
10,008
81,510
053,000
73,222
Dec 31.
18S7.
Jan. 1.
210,000
2,000
21.000
08,000
00,000
42,000
10,000
35,000
1887.
Stock
of Print Cloths—
Hold by Providence manufrs
Fall "River manufacturers.
Providence speculators
Outside speculators (est)....
Total stock
Prints
were
(pieces)
..
.
.
.
252,000
in fair demand and
205,000
1880.
1885.
3.
Jan. 2.
Jan.
94,000
78,000
431,000
322,000
210,000
41,000
300,000
310,000
453,000 1,373,000
prices ruled firm in sym¬
pathy with print cloths. Printed sateens, lawns, batistes,
ginghams, white goods and cotton hosiery were freely dis¬
440
tributed by the commission houses on account of back orders.
3,700
4,470
14,502
Domestic Woolen GooDS.--The market for men’s-wear
41,005
22,077 woolens was tame and uninteresting, comparatively little
2,070
business having been done in heavy goods for next fall,
10,212
while the demand for spring cassimeres, suitings, worsteds,
&?., was of limited proportions. Prices are without quotable
change, but for the most part steady on the present low basis.
Satinets were in light demand, as were Kentucky jeans and
295,224 3,498,95? • doeskins, and cloakings ruled fluieti but a fair business was
000
1,010,14 1 1,191,051
Montreal
Peoria
50,000
2,031,05 1
70,000
Cincinnati
34,200
112,083
......
1,119,984
Detroit
Oswego
6t. Louis
137,301
321.200
302.; >00
-
11
14,703
4,500
0,083
15,000
115,000
10,844
142,725
.......
„
Jersey cloths and stockinets. Flannels and blankets
were slow of sale and shawls and skirts continued quiet, but
there was a fair movement in carpets at steady prices. Dress
done in
g-ods were only in moderate request by package buyers, but
large deliveries of all-wool and worsted makes were made by
the mill agent? on account of back orders.
Foreign Dry Goods continued quiet in demand, but there
'was an enlarged movement ia some sorts of dress goods, cot¬
ton hosiery, et.\, in execution of former orders.
Silk goods
were lightly dealt in, and menVwear woolens were devoid
of animation; but linen goods, white goods, hosiery and fabric
districted in fair quantities, and embroideries
s ught for by the manufacturing trade.
gloves wt re
weie mere
Importations of Dry Good*.
importations of dry goods at thi3 port for the week
ending Jan. 5, 1888. and since Jan. 1, and the sime facts for
the corresponding periods of last year are as follows :
The
M
Total Ent’d
Silt’d
Bilk
Tfor otal Flax Cot n Wool
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Earthenw
38,215
590,405
.
Glass
Glassware.
^ J,S4
Glass plate.
13,211
14,224
20,030
Buttons
Coal, tons...
Cocoa, bags.
Coftee, bags.
Cotton,bales
Drugs, <fcc—
Bark, Peru.
Blea. powd.
Cochineal..
Gambier
Gum, Arab.
Indigo
.
141.076
2,776,986
5,409
3,751
.
7,794
Madder, &c
Oil, Olive..
Opium
....
Soda, ash..
Flax
Furs
.o
Gunny cloth
Hair
Hemp, bides
Hides, &c.—
Bristles
..
.
Hides, dr’sd
India rubber
Ivory
Jewelry,<fccJewelry
...
Watches
Linseed
Molasses....
.
.
32,932
1,139
53,700
1,532
.
Soda, bi-cb.
Soda, sal...
»
50,501
36,849
5 45,477
74,7 74
11.052
to 'X
00
— © x
© X 1— M
1887.
Lead, pigs.
Spelter, lbs
1886.
1,711 Tobacco..
61,720 Wines, 5:o.—
1,480 Cliamp’gne
baskets..
5,862
..
78,391
1,822
95,819
12,70c
67,745
2,540
6,496,03b
12^,472
4,151,2 ;5
3,627,507
2,002,735
4,350,103
Tin, boxes. 2,052.338
Tin slbs.,lbs 20,806.940 27,713,025
.
463
131,342
Steel*
Sugar, boxes
3,058 and bags...
39,227 Tea
73,492
1,884
18,145
27,66;
76,820
0,593
23,305
4,708
37,445
3,754
7,387
101,53>
2,271
Iron, pig...
“
RR. bars
14,00b
40,812
74,000 Paper Stock.
3,367,44s Sugar, hkds,
8,420 tcs., & bids.
441
10,225
21,042
61,0038,507
24,440
5,056
40,651
385,468
Metals, &o—
Cutlery....
Hardware.
7,566
096
pigs.
72,092
2.203.772
378,779
62.759-
89,397
2,785,134
329,023
libels.
bbls.
80,512
1,993
107,846
3,514
88,430
Rosin
Tar
Pitch
Oil cake.......
bbls.
bbls.
bbls.
bbls.
bbls.
346,372
25,090
2,144
319,743
26,954
pkgs.
463,054
Oil, lard
Oil, whale....
4,702
633,663
3,343
galls.
97,190
110,464
129,018
38,870
893,662
1.678,674
1,938.488
136,349
6,973
bbls.
995
—
Butter
Cheese...
1,282.136
Eggs
tcs. «k bbls.
kegs.
403.4 9
270,7 88
39,697
930,134
1,667,0*5
1,980,769
1,152,354
572,496
30S791
71,863
79,452
Rice
103,653
8pelter
179,342
95,509
90,346
14.446
3,561
No.
22,074
Stearins
bbls.
hkds.
Sugar.
Sugar
Tallow
Tobacco
Tobacco
boxes & cases.
hhds.
bbls.
Whiskey
Wool
29,848
6,491
72,946
133,291
1.89^
85,3< e
189.649
l46,00i>
124,274
204,131
150,645
179,617
84,963
Wines
Wool, bales.
Reported by
value.
Fancy goods
Fish
126,540
243,543
228,425
121,64b
$
910,868
922,415
58f
810,674
Sperm
740
50Q 472
5,422,735
4,273,546
bbls.
bbls.
bbls.
Rosin
872.594
711,401
bbls.
bbls.
bbls.
bush.
bush.
bush.
Hops
Pitch
Oil cuke
Oils—
Whale
910,090
137,067
544,483
59,660
22,777
Hay
gals.
Lard
918,379
53,135
Cotton
Domestics
Tar
...
lbs.
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cut-meats
Cheese
Lard
Rice
Tallow
Tobacco, leaf
Tobacco
bbls.
bbls.
tierces.
lbs.
*
lbs.
lbs.
bbls.
lbs.
hhds.
-
2,409
118,869
123,706
31,7*6,766
215,982
40,938,410
287.210
161,007
59,511
195,646
....
708,130
90,253
251,527
21,350,990
46,798*
75,808930,025
210.869
95,082
16,977
515
167
29,844
9,934
197,428
169,269
8,934
4,^20
4,533
2,076,319
2,739,948
10.132
150,025
116,501
186,924
578,203
8,335
707.371
72.357
53,435
367,356,373
383,051,863
181,182
178,320
72,719
37,683
51,826
239,936,151
10,215,123
274,528,645
72,943,256
201,107,817
40.273
12,017,333
76,150,915
260,112,843
15,731
16,222
40,433,927
63.681
24,747,726
125,337
67,849
lbs.
8,407,532
8,500,558
P*o
198.460
bales and cases.
Tobacco,manufactured.
Wl> a.1 aHoti a
2,639
47,086
70,521
823,235
193,5*7
90,783
23,683
158,883
$
1,718,924
611
180
12,446,731
Spirits turpentine
Year 1836.
785
193
bush.
189,594
241,584
.
..
Barley
Naval Stores—
Crude turpentine
...
83,210 lVoods—
75,944 Cork
Fpetio
5,70S Logwood
Oats
Coal
2,542,006 2,395,077
1,667,211 1,221,678
Oranges
2,072,498 1,575,507
339,990 Nuts
Raisins
1,895,913 2,U4,598
3,844 Hides, undr. 16,<i24,763 19,449,213
314,079
394,399
7,424 Rice
100,360 Spices, &c.—
224,311
131,387
2,044 Cassia
154,951
187,215
Ginger..
3,56 j Pepper.... 1,348,451 1,342,377
261,615
1,780 Saltpetre
239,738
..
Wheat
Rye
372,666
Fruits, &e.—
Lemons
Beeswax
Breadstuff's—
Flour, wheat
Flour, rye
Corn meal
373,097
1,734,877
Cigars
Ashes, pots
Ashes, pearls
Peas
Corn
Candles
7,691,769
1,367,920
95,416
exports from New York of all leading
Year 1887.
335,851
6.914,020
1,215,85 i
of Domestic Produce.
following table, based upon Custom House returns,
292,491
..
3,76'
2,375
157,015
95,163
No.
103,237
1,02 t,515
71,927
107,964
articles of
domestic produce for the year ending with Tuesday last, Jan.
3; also the exports for the year 1880:
to
cboX'3)
© O' -4 -1
OT M
-4-4 ©MM
to©
©
^•1
—
Metals, Ac59,SO.*
China
bags.
bales.
shows the
©MM ©
O'
1880.
China, «kc.—
bags.
Exports of Leading Articles
mxo-joo
© — © x ©
oix ©- jo
Imports of Leadlus Articles.
The following table, compiled from Custom House returns,
shows the foreign imports of leading articles at tliis port for
the years 1887 and 1880:
fThe quantity is given in nnekagos when not otherwise specified.]
1887.
432,689
20,072,364
22,154,070
9,043,800
321,386
1,322,830
104,146
814,608
116,793
102,730
95,301
Corn
Oats
The
CO CO
M
►
M
X ©
to
to M
CC ©
©M
1
MM M
SiMO —CO
to to © t o to
CO M
l
OT
-1
XM
© x
45,035,145
Rye
Go
-J
U3
3
a
345,227
Wheat
Hogs, dressed
V«m! M
•
to
X to
>*-
5,635,651
348,384
41,481,286
237,439
32,745,083
2 >,198,471
9,159,727
477,111
1,341,139
!»
IM
© M © X ©
>—*
o
*—*
7,525.419
v
CT
X©
bbls.
bbls.
Laid
Lard
2
mx©Vj*©
©W
© X©-1 ©
x to to w ©
10 M
«r*
'M
j Q
©
-1
Breadstuifs—
Flour, wheat
Corn meal....
Cut-meats..V
M
mO'-I — X
p
M
to
wl
v»
M
© M o m si
to to © to to
co to
M
X
to © M X ©
-1 X © — X
W tO M © ©
M-*
M
M M m
w IXM
©X
M
CO
MM
M
XlO
to
w
M
*v
X M m ©GO
X M © M —
C M © -1 to
w*
To
X ©
MX© * M
M 00 O' or O'
©
M
M
X M
i K
to
1
m
to
MM
Ov cc
2,144
115,013
Peanuts
Provisions
Pork
Beef
5(0
■
I
o
X to M M
-1
1,789
135,153
■
©
©
M t~»
10
vl
Mm
80
t
.
1
M -*
Tear 1836.
bbls.
Turpentine, spirits..
187. Endi g
a
year
Ashes
Beans
Turpentine, crude...
I
to
Tear 1887.
Lead
Molasses
Molasses
Naval Stores—
-ill
6,
MX
with
produce in New York for the
Leather
-4
-i-i
ending
Tuesday last, Jan. 3; aTso the receipts for the year 1880:
articles of domestic
Hops
Vito
tv
to
—
c
P
tpii
o
to
5r5-2
o 2
1—
to
10
•
i
14,318 1 ,359
o
c
•
following table, based upon daily reports made to the
shows the receipts of leading
New York Produce Exchange,
Peas
Cotton
Cotton seed pil
Flax seed
Grass seed
Hides
Hides
o •—
to
1C
©
M
Total
. .J
©MS P
=r
a
Receipts of Leading Articles of Domestic Produce.
The
Barley
Mi
sr
^
53
CHRONICLE.
THE
1888.]
January 7,
79,551
193,384
54
THE CHRONICLE
ganlters and
grubers ©ut of
NEW ENGLAND.
gew
[VOL. XLAI.
'IJcrvh.
PENNSYLVANIA.
iatths
C.
Brewster, Cobb
& Estabrook,
BANKERS,
No.
CONGRESS
35
Rea Bros. &
425 Wood
STREET.
Co.,
BANKERS AND BROKERS,
AND DEALERS IN FOREIGN
MEMBERS
OF
BOSTON
THE
NEW
STOCK
YORK AND
EXCHANGES.
The Western National Bank
OF
Street, Pittsburg, Pa
Baltimore and Washington.
Dealers In
CITY
PITAL,
Wm. G.
Irving A. Evans & Co.,
BANKERS AND
53
No.
OF
BOSTON,
PHILADELPHIA
stocks and
STOCK
Bonds
28
South
Third
Street,
res,
extended to customers.
Orders for purchase or sale
receive careful attention.
Desirable 81X PER
OF ENGLAND (Limited,)
> London,
THE UNION BANK OF LONDON (L’d), )
HEINE & CO
Paris.
CENT WATER BONDS and
No.
52
WEYBOSSET
F.
Dealers in Commercial Paper, Government and
ether first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Swan &
BANKERS
No. 35 South Third St., Philadelphia.
Railroad, Municipal and other desirable Invest¬
ment Securities for sale.
Transact a general banking business.
Allow inter¬
MAINE.
S. S. Jewett, Pres.
Wm. C. Cornwell, Cash’r.
Capital....$300,000 I Surplus.
$450,000
This Bank has superior facilities for making Col¬
lections in and out of the city on the most liberal
terms, and with careful attention to the best inter¬
ests of its correspondents.
ESTABLISHED
Desirable Investment Securities constantly on hand.
1871.
FIRST-CLASS FACILITIES.
New York Correspondents—The National Park Bank
a>
BANKERS AND BROKERS,
No.
57
FOURTH
AVENUE.
d Seventh Ward National Bank,
A. A. Alexander, Cash’r.
J. S. Alexander, Pres;
Texas National
A. L.
Hartriclge,
SAVANNAH, GA.,
BROKER.
A'ID AN TA.
Humphreys Castleman,
DEALER IN ALL KINDS
H. B. MOREHEAD.
New York.
References—At hint a National Bank,
and Fourth Nat it nal Bank, New York.
Atlanta, Ga.,
C. W. Branch 6c
,
Street,
N.
Harris &
W.
CHICAGO and BOSTON.
Co.,
ve
BANKERS AND BROKERS.
George Bustis
Sta'ie Bank Building,
R 1 C’ li M
OND,
V A
.
6c
Co.
H A N K K K 8
snore.
JOHN P. BRANCH, President.
Fred. It. >cott, Vice-Pres.
Cash.
OF
NATIONAL
At
a
Real Estate
Annum.
per
Brokers,
STREET* WASHINGTON, I). C.
Reference: lion.
U. S., Omaha, Neb.
PhikideU h:a at it New York.
BANKS
Charge of £5
GREEN A CUNNINGHAM,
1405 F
Private wires connecting with Washington. Pali*=
Southern points on best
WE SOLICIT THE AGENCY
Co.,
B - m n Q of
Counties,
Cities, &c., of high grade a
specialty.
**eti«M’ov
BANK,
terms; prompt returns.
John F. Glevn,
CINCINNATI, OHIO.
MADE.
VIRGINIA.
RICHMOND.
Collections made on all
No. 51 West Third
OF
Bonds and Stocks bought or sold on commission.
Georgia and /' lat uma securities specially dealt in.
Correspondent s —Tobey & Kirk and A.uutfcnhofer,
INVESTMENTS
MERCHANTS’ NATIONAL
STOCK, BOND AND NOTE BROKERS,
SECURITIES.
■
Co.,
AND
Correspondence invited.
Wm. Fairley
H. B. Morehead &
Bank,
ANTONIO, TEXAS.
COLLECTIONS
commission all classes of Stocks
Negotiates loans on marketable securities.
New York Quotaiians furnished by private ticker
every fifteen minutes.
r
SAN
WESTERN.
and bonds
AND
Durham,
N. C.,
Pay Special Attention to Collections.
Oldest Pittsburgh members N.Y. Stoek Exchange.
BROKER
P. A. Wiley, Cashier.
DURHAM)
Whitney 6c Stephenson,
SOUTHERN.
on
Traders’ Na¬
Correspondents:—Importers’ &
tional Bank and Chemical National Bank, New York;
Merchants’ Loan & Trust Co., Chicago; Union Bank
of London, London.
The Bank of
PA.
-
Bonds, Bank Stocks, Ac.
SECURITY
Buffalo,
W. T. Blackwell, Pres’t.
PITTSBURGH,
Dealers in Government,State,County, City and Rail
Buys and sells,
f*au*
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
186 Middle Street,
road
Co.,
BROKERS,
PORTLAND,
j
BUFFALO, N Y.
est on deposits.
Barrett,
AND
Bank of
Direct private wire to Green & Bateman, New
BANKERS AND BROKERS,
PROVIDENCE, R. I.
SOEIINE,
BLANKENHORN, Cashier.
York.
E. W. Clark &
STREET,
&
S. BLEtCHROEDER, Berlin.
DEUTSCHSCHWEIZERISCHECRED-)
IT BANK,
J
Joshua Wilbour,
Charles H. Sheldon, Jr
Bmnjamin A. Jackson, William Binney, Jr.
BANKERS AND BROKERS,
of securities will
draft in kind, will be afforded. The methods of re¬
ceiving such deposits and making payment against
them will be subject to arrangement.
other first-class securities for sale.
Wilbour, Jackson & Co.,
*3,560,000
-
York, May 14, 1887.
s Bank is now opened for business.
Accounts
tfully solicited. The usual banking facilities
,
EXCHANGES.
in all Markets.
-
-
New
JOHANN GOLL
AND
Bought and Sold
-
DRAW ON
PHILADELPHIA.
YORK
THE
NEW YORK.
THE NATIONAL PROVINCIAL BANK 1
STREET,
NEW
-
BANKERS AND BROKERS,
BOSTON.
MEMBERS
Hopper & Go.,
BROKERS,
STATE
OF
Foreign Exchange bought and sold. Facilities for
keeping accounts in Sterling Exchange, subject to
municipal, State, Railroad
and United States Bonds.
Cashier.
H. A. Smith,
Assistant Cashier
Jordan,
EXCHANGE,
New fork and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
ALSO,
N.
Vice-Pres’t.
MEMBERS
BOSTON.
F. Blankenhorn,
Daniel Manning,
President.
A. II.
Wyman,
Ex-Treasurer
srjcrwra
I THOMAS
BANKERS AND
BRANCH-& CO.,
COMMISSION MERCHANTS,
KICKS ^3 ON D, V 8 K G1N IA.
Circulars and inform ttion on funding the debts of
Virginia and North Ca •olma free of cost; ono-oightb
percent charged for funding. Southern Railroad
and State and City Bones bought and aoid.
Wilson, Colston & Co.,
BANKERS AST*
a
and information fur¬
N. Y. Correspondents—McKIm Brothers & Co.
Robert Garrett & Sons,
BANKERS,
Stock*?
Securities,
Opposite Second
St,
34 SOUTH STREET,
ORE, M I> , ,
Union wires in their offices, by
of which immediate communication can bo
had with all commercial points in the country.
Es¬
pecial attention given to purchase and sale of Vir¬
gin: a Consols, Ten-forties, Deferred and all issues
of the State, and to all classes of Sout hern state
City and Railway Securities. Correspondence so¬
AND
Investment Sc curities
BOPeCT
AN?*
WANTED
g
Southern Central of N. Y. This.
Middletown UnionvilieA Water Gap
Indianapo is A Vincennes lats and
Scioto Val ey Bonds, all issues.
ALllEjlT
E.
5s
2ds.
lUCHFIELD,
No,. 5*> Pine Street.
licited.
Staten Island Securities
Important Notice.
MORTGAGES:
BALTIMORE,
And Dealer* In Govcrnnients,
and Investment
10 HOLDERS OF KANSAS REAL ESTATE
STREET,
TRANSACT A GENERAL DOMESTIC
r*vf ^FOREIGN BANKING BUSINESS.
Sons, *
,
Have Western
nished.
SOUTH
I A N K E R b
means
(INVESTMENT and SOUTHERN SECURITIES
7
Fisher St
It A L T I M
BALTIMORE.
No.
Wm.
BROKERS,
(Members of Baltimore Stock Exchange),
specialty.)
Correspondence solicited
'ffiuitnefu i.
Bend to HODGES & KNOX, TOPEKA, KANSAS,
for Free
aiuphiet containing the compiled Laws o
Kansas relating to Real Estate Mortgages.
A SPECIALTY.
Gas, Railroad
an
Electric Light
Stocks.
GEO. B.
RIPLEY,
00 Broadway.
Room 8*
Co.
@FedFRASER