Full text of Commercial and Financial Chronicle : July 13, 1889, Vol. 49, No. 1255

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8

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xmtk
HUNT'S MERCHANTS' MAGAZINE.
RSPRKSENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

VOL.

SATURDAY, JULY

49.

18,

NO.

1889.
Week KndlnQ Juty

35Ixe (^Ixxoniclz.
Terms of Snbacription— Payable

in

Adrance

FjrOiie Year (Including postage)

:

SIO 20

N«w Tork

702,S6S,107

iStockt

ihar(t.\
bales.

Terms

of Advertising.

less than one month, In the Commercial
are published at 25 cent.s per line eai-h inserorders are detlnitely given for one luouth or Itmger, a liijeral discount is allowed, and the net pricct lOay tie obtained on apx>llcation at the oiHce. The lowest rates on permanent cards deUuitnly ordered tor one year are 8 cents per line each Insertion, making $58 for
one inch space one year. Space Is measured In agate type -14 lines to
the Inch.

Advertisements ordered for

A FiNANXIAL CnKONICLE.

tion.

When

(445,310)

(30.57H.bOO

HS,92«,030

90,832,403

427 9

P6,235.109

+80-4

5,tH)5,500
3,4afi,ao4
l.t»IB.S«»
1,401 ,83H

4,81x,iniy
2,555,-^OK

+-i2-r>
-f34-lj

«,.I33,700

-^12"

+ 10
+18 6

1.34l,4(!:i

1,556,163
907,741

i.is>,a.'o
1,082,4111

-t-22»

1.<-HJ9,737

],118.147

-t3-l

l,2:il,4';a

l,t'34.:!lli

1

I,043,9u9
941,103

1-32

7UO,«dO

6U7,0^»

57»,68»

lSl,6te.0)iiJ

82,175,245
11.741,18
K0,3a«.B»4

PitUbUTK
Baltimore
f'ypncuse
Buf&iiu *

77,341.101
ll.llB,77.i

13,0l«,471

8.5(I.U«l)

Ptalladelplita..

893,212

Total Middle.

115.104,071

CInolnnatI
Milwant£ee....
Detroit

lo,146,l;«0

4,0B7,!V'a
3,741,321)

(^eveland
Cotnmbufl

63.811.630

10,Ki3.1)5i
4,761.(i4S

,

102,239,51)1

6l.551i,8»2

Chleago

4.a«5,'»12
3.075. 1599

4,i',i7.7hb

l,»e>.5')>

i.a^T.iUo

Messrs. Edwards * Smith, 1 Drapers' Gardens, E. C, who will talie
suDscrlptions and advertisements and supply single copies of the paper
iW Is. each.

Peoria

Qrand Rapids.

i

J

10* William
p

Co., Publisher*,

Street, IVE»r

YOKK..

OFFICE BOX 958.

+87-4

77.913,446

+141

ll,Sl^»90

-2-a

13.nlo,33tt

+284

01B.68'

-2-i

+53

u

4lO>

+ 120
—51

103,881,169
61,197,542
10,115,700

-rVi
—1-6
fi

+13-1'
4'3-«

+SOt*

1.3'4,144

+2r5

i;

58B,6U9

+Oli

l-:i

tf0,925,i08

4-8-6

+3-2
+15-4

«2,308,Bt;6

—

12,81H,130

+10

+18

6
+)J7 5

18,353,758

8,7rt4,0.-<7

4.4M5,BI)1

-1-15 2

3,1J<3,919

+ 02

-23

S.»«3,9^3
3.279,370
2.553.62
2,0S2,0iS

3.693.140

+3ll0
+41)0
—14-0
+5-6

4.259,li9f
3,136,21)7

+3-6
+31-2

l,lieM,M)(J

1,-203,240

703,000

i,n2,'to

6lii.,ii».

Topeka

3-.i0.«3;

Sioux City'.....

B^8,276
386,749

f,-;tt4.372

— 3li»
+25 8
—

1,092,7^9
1,820,209
556,391
831,310
3"2,765
507,680
318,199

43,257,613

60»,7W.
40».li2U

Tacoma*

l-S?

39,805,266

+13-1

.HOI,
,1-r,
.8i«,

14,891,9ns
B,9H4,435
6,9-5.093

+83

,USli.

,3-2.

Total Other Western..

2.0!-3,f21
2.525,- 0,S

44,«88,4S;i

LoQls
Orleans..

LouiBvllte

Memphis. ..r..,
Ulchmond

»61.

6M,H22

Fort Worth...
N Tfnii

,2>3,

672,504
BU4.49»

Diiltas*

,S37.

6

-1-31

,63:),

+124

,H28,
,494.

-50
—80

1,277,

.872,

(iatveHton

561,

blrmliiKtiam*..

*

Not

+48-1
+90-9

848,
936,

—50

4.''9,

+5n-l>

-38-4
+36-0
-80-tf

+12-9

+ 11-34-8-8

+28 8

+9

1

+17 3
+19-8
+33-6
+•280
+91-5
—15-8

,983,

648,

B4t»,

41,991,546

35,299,801

+ 189

33.147,619

+2S0-

1.127,^33 ,593

8>'4,082,6 3'

+27-5

1 ,124,2 34.299

+38-«

372.."iS3.22,^

-rll

~ su.l 98.233

+U3

Total Southern

Otttslde

+92

1,935.4'

+ U7

1,230.518
599,180

3.Si'5.a4
l,13!,o7t*

Uuluth
Joseph
Los Antfeles....
Wiohiis

Total

-r23-0
-rS5-5

6.II1S.II54

St.

New

7

+22-5

4,5»8.50»
3,912,163
2.276,000

3.8U3.2 U
4.670.402

Minneapolis....
Paul

3t.

dt.

+.V0

+5

4.>^S»,181

+2
+21

+142

b,a-5.ei4

DenTer

Taking the statement of bank clearings now before ua (that
for the first week of July) as a guide, the second half of the
year 1889 would seem to have opened very auspiciously. In
consequence of the Fourth of July holiday the figures cover
only five business days, yet the aggregate is slightly ahead of
the heavy total for the preceding full week. This excellent
exhibit is, of course, in great measure due to the heavj* addition to exchanges through the semi-annual distribution of dividends, &c. At New York there is a falling off from June 29
of about forty-one and one-quarter millions, but the average
daily clearings have; been one hundred and forty millions^
against one hundred and twenty-four millions. The total for
the other cities shows a gain of §44,374,203, and only seven
cities fail to share in it, the total at Boston for the five days

+166

4-5 8

11,320.44'

Omaha

CLEARING HO USB RETURNS.

+17-7

463

70»,7i!B

8an Francisco..
Kansas City

+ 85
+ia&

106,831,504

91,10v!,«i5

Total Middle Western

—10-3

2.7 ie,2oli

2,164,0^4

DANA &

+W

3,eiu,4«u

i,(i4i,»;<4

WII.I.IA!»1 B.

1-29-4)

103,28»,«3lil

2.4S4.800

(

(-14-4

+4T1

(1.«45,9I5, (+182-2)
(259,500) (-51 01
l50.249.212) (+616)
(17,4oO,OuU) (+40-2)

(::o,;ij>>,w2
(»,4liS,OOU)

(ndlanapoltB...

B DANA
JOHN o FLOYD.
JoHH O. FlilTD

744.l33,0ea

(&,i»77,uuOt

London Aeent«

WIUJAM

-hS7-3

(-H93 0)
(23.,ycii.iil (-U-1)

28.

P. Cent.

Cent.

Sala ot—

ICotton
do.
6 10
For sir Mouths
iOrain
buaheta.)
Baropean Auliscrlptlon (iDuluding postage)
11 28
t>bl$.)
iPttroUum
European Subscription Six MontliH (Including postage)...
6 64
Annual subscription In Loudon (including postage)
Jl'Z 78.
BOiton
Prurldence
Six Mos.
do
do
Ml 8s,
do
Uartfurd
Tliese prices Include tlie Invebtoks' Sopplement, of 150 pages New Haven
Issued once In two months, and (uruished without extra charge to dDrlnKHeld
Worcester
Bubsorlbers of the Chronicle.
A die cover is furnished at 50 cents; postage on the same is 18 Portlund
Loirell..eeir«. Volumes hoiinrt for subscribers at $1 00.
flubscrlptlons will be continued until detlnitely ordered stopped. The
Total New England..

pnbUsbers cannot be responsible for remittances unless made by drafts
or Post OlMco luuuej onlers.

Bll,tl70,40C

(1,304.904)
C'Oa.lOOj

Week Snd'g June

8.

P

1,255.

all

New Tork

424.470,430;

ini:ludea In totals.

The returns of exchanges for the five days have been
received by telegraph this evening.
Contrasted with the
being $19,690,921 greater than for the previous six days.
corresponding period of 1888 ttie total for tlie seven cities
Our estimate for the full
Tlie comparison with 1888 is between five days in each year exliibits an increase of 21 per cent.
and is a very favorable one. Only seven cities record any week ended July 13 indicates an excess over a year ago of
about 21 per cent.
losses, and those, except at Duluth and Los Angeles, are small.
On the other hand, some very important percentages of inifuk Bnd't Juhj 6.
Week Endint July 13.
Betums bv TeUgrapK
crease are to be noted. In this respect Fort Worth leads with
18t«.
P. Cent.
1889.
p. Cent.
90-9 per cent, and is foUowed by Baltimore, 55-5; Denver,
49;
Galveston, 481; New Haven, 43-6; Omalia, 39-6; New York
37-3; Hartford, 346, and St. Louis, 33-6 per cent.
Moreover'
the current total is much heavier than that for the similar period in any earlier year back to and including 1883.

Haw

t"

Tork..

BalM 0/ Stock
Boaton

678.9^9.196
(.thara)..

;1,212,8«5

for the like period of 1888. If, therefore, we deduct two-anda-half times the^,e values from the New York totals, there remain to represent clearings due to other biismess §516,008,157
18-3 ptr ecnt,

(+3i'-5)

+21-9
+19-3
+23-8

83.52:l,e7b

»',5i8,9-';0

PtaUadelphia
Baltimore

60,865,1

5-3.085,1101

00,747,320
10,007.157
51.243.0 I,

17,096,--WI

13,499.76-i

12,357,014

respectively in the

two

years, or

+28-8
+5-8

+498

5,411,301

483-1

668.060,693

~21^

1

809.U7,O34

+2S5

177,418,239

185.883,-391

+30-8

188,100,000

+48

t-S ).9S>l.46a

803.916.98

+24-3; 1. 00 -(,547,054

H.%107,21t>

100.0,57. -tC'.-

dar

Balance Conn trjr*

an excess of

"""•
ii

95.439,401
e8,3;o,2;6

6,8-26,303

Total full week....

*

432-1

1988,603) l+2»7-6>

809.573.2-2.-)

Total. Bda7S

Estimated

581,131,005

16,804.200
48,485,000
15,408,007
4,798, !B5

Stock Exchange share transactions for the five
SUIkiuI
days cover a market value of §74,742,000, against $22,432,000 Mew Orleans

.§^55,.549,4y9

+22-9

(9-29,186)

CIticaKO

New York

and

468.6il,222

or tuu luil

w««f on
,

•

be

+ 1-8
+23 7

+8

S;

.218

OaniD gl laet wwK'ii rsturus.

1

18,000,000

-10-1

+28-3
—4-2

+29 5

+156
^.'i

THE CHRONICLE.

32

LVOL. XLIX,

to be for Paris

THE FINANCIAL SITUATION.

from

New

York, London and Berlin.

Strangely, the open market rate for

$0,020,600
With four of the larger banks holding
week, while the surplus
surplus reserve, as reported last
it follows
of »11 the institutions was only $5,018,025,

money

at Paris

is

advancing concurrently with these large additions to the
gold supply, the quotation by cable yesterday being 2|
per cent.
At Berlin the rate is 1 J, and at Frankfort

limit If per cent.
majority must be below the arbitrary
Our foreign exchange market for sterling has been
That being the
of 25 per cent reserve to liabiliUes.
banks variable this week, but for continental exchange and
our
condition, it is hardly necessary to say that
On
little more than Paris francs it has remained firm all the week.
are for the time being in a shape to do
Some Saturday last the posted rates for bankers' sterling were
supply the pressing needs of their customers.
with reduced to 4'87 for long and 4*88i for short, with the
to reconcile this situation

that

tlie

seem to

find

difficult

it

prevail at the Stock
the reported rates for time
Exchange, or even with
Time money quotations cover special funds,
loans.

the

rates

for

which can
mixed
on
of

money which

call

only

collaterals,

there

business,

the

put

be

tone heavy until Wednesday, when with a little dearer
London short bills and cable transfers

discount in

became stronger. That condition has continued and it
on prime collateral; is not unlikely that the tone will remain steadier until
which cover the body the market feels the effect of a more liberal supply
no quotations, sucli of commercial bills made by grain shipments and the
are
out

being subject to special contract. The anticipation of the movement of new cotton. There
this were further withdrawals of gold for shipment to
call loan branch of the market is at such a time as
supplied by France yesterday, the amount reported being $1,531,539.
no guide to the situation; it is largely
as Continental
bankers who are thus getting employment from day to This was not wholly unexpected,
portion of the money they have exchange, as already stated, did not follow sterling in
day for the unused

applications

obtained on time, the remainder of the supply coming its decline, and as the Bank of France is drawing gold
from a few institutions having funds they can only use from all centres. Some attribute this tendency of gold
temporarily.
So far as our banks are concerned, the) towards Paris to the Exhibition and to the expenditures

demand at good rates from their custom- by visitors at that centre. That would hardly seem to
and as there was an expansion of $5,046,700 in the be an adequate cause, besides we have given the correct
At all events it is
loans last week the inference is that their regular patrons explanation in a subsequent article.
At the obvious that the movement from America is not a
liberality.
are borrowing with considerable
same time these institutions are growing quite conserva- wholly natural one, as it would be if the cause were
tive, scrutinizing collaterals much more closely than connected with the Exhibition, our shipments being
they did a short time since.
deflected to that centre through a special inducement
represented by bankers' to the shipper.
Call money so far as
balances has ranged from 6 to 2^ per cent, but with
The Agricultural Bureau report on the condition of
very little loaned at either extreme, the average being the crops, issued this week, shows on the whole a very
about 3^ per cent, at which renewals have been made. satisfactory promise for agriculture the present season.
The minimum for banks and trust companies has con- The average for winter wheat is very high and stands
tinued at 4 per cent.
Time loans on first-class at 92, against 75 -6 a year ago. For spring wheat,
collateral are without material change, but as lenders chiefly by reason of the low condition in Dakota, the
are in a position to dictate terms they only accept the average is only 83, against 95-9 in 1888; but it should
best security. Rates are 4 per cent for any period up to be remembered that these figures are brought down no
four months and 4^ per cent to 5 per cent for six later than July 1, and since that date very beneficial
months. As already stated, there is no rate named for rains have fallen in the drouth-affected districts. In
mixed collateral. The supply of money on time comes this particular there is an important difference in the
from institutions other than banks.
Commercial situation between this year and last. This year there
paper is in somewhat better demand and the supply ig has been imi^rovement since the 1st of the month ; last

report a good
ers,

good.

Quotations

4^@5

are

ninety day endorsed

per cent

for

sixty

to

receivable, 4f @5^ for four
5@6| per cent for good single

bills

months acceptances and
names having from four to six months to run.
There has been a slight hardening of rates in London

of exchange at

more

especially

London

owing

such an important cereal, we give below the
figures for a series of years in the chief-producing

As corn
as

reported by cable, the quotation for discount of sixty to
ninety .day bank bills being lf@U.
This is no doubt
due in part to the large loss of bullion by the Bank
of England, but

As regards the
year there was steady deterioration.
othei principal crops, the averages .are 94 for oats, 90
for corn, 92 for barley, 95 for rye, and 87-6 for cotton.

to the condition

and the conThe
of £736,000 bul-

is

States.
CONDITION OF COHN JTTLT

1889. 1888. 1887. 1886 1835. 1881. 1883. 1882. 1881.

Slates.

in favor of Paris

lion

81

of

98
81
70
92
DO
83
80

93
89
91
99
95
91
96
96
98
97
94
94

90-3

93

tinued flow of gold from

Bank

of

London

England reports a net

to that centre.

loss

82

95
92
97

Missouri

Kansas

.-

during the week, wiiich according to a special
Nebraska
cable to us was made up by an export wholly
to
Ohio
France of £579,000, by shipments to the interior Mlcbigan
Great

Britain

£314,000, and
by arrivals
the Argentine
Republic and
"bought") of £167,000. The Bank of Prance seems
to be loading up with gold for some
reason no doubt
connected with tlie failure of the copper
syndicate, but
how is not i)erfectly obvious. The last return
sliows
Its holdings of gold at
£48,430,501, against £44,196,965
«me time last year, and this week the movement seems

from

abroad

(from

of

Teunessee..

Kentucky
Pennsylvauif).

..

New York
Average U.

1.

8..

98
99
99
103
98
100
96
99
98
95
99
96
97-7

97
99
101
102
95
95
93
96
88
91
88
92
95-2

90

97
102
98
94
97
99
93
99
93
90
93
96

92
87
83
106
97
97
87
102
103
96
85
94

1

96

91
77
94
107

92

68
72
93
101
79

87
83
73

90
84
86

92
91
89
84

106
102
82
86

98
83
87
98
8S
86
86

88

85

90

85

RO
:

82
9S

97

It will be observed that the highest averages are for
the States west of the Missouri, the condition in Kansas

being 97 and in Nebraska 98. Kansas seems to be
especially favored the present year; its wheat yield is

'

JOLY

.

IHE CHRONICLE

13, 18^9.]

The

33

part of the new mileaijo is found
Southern States, where the conditions have been
latterly has been quite propitious, so that a very heavy very much more favorable than in the sections usually
showing the most activity in railroad construction.
production of corn is also nearly an assured fact.
the past week have justified the faith of The fact that the aggregate is so largely composetl of
The events of
those who believed that the Inter-State Railway Asso- short lines is a most significant feature, since it demonciation would continue a potential force in Western rail- strates that the additions are in the nature of branches
way affairs. Instead of the discord and strife which and feeders and therefore likely to prove desirable
had been so freely predicted, nothing was more note- and valuable. In view of the results for the first six
worthy than the complete harmony which characterized months the Age is inclined to think that the total new
It was known be- mileage for the year 1889 will be between 3,500 and
the deliberations of the assembly.
But it is very difficult to make any
fore the meeting that the Denver Texas & Fort Worth 5,000 miles.
road had given notice of withdrawal from the Associa- reliable estimates of future work. The most that can
tion, but the action of that road was not considered im- be said is that in the Northwest and Southwest the

estimated at 34 to 35 million bushels, against only
about 10 million bushels last year, and the weather

greater

in the

its operations is rather re- experience on the roads already built, combined with
mote from that of the other roads. The purpose of the the action of Railroad Commissioners and State legisChicago & Alton in withdrawing has not been changed, latures, is not such as to encourage new ventures of
and indeed it was not possible to do anything in that re- any considerable magnitude. We may be sure also
gard, since the officials of the road were not in the city that there will be no large paralleling schemes during
(Chicago), but the determination was pretty effectually 1889.
The stock market has been very irregular weak and
manifested to keep the Association intact in any event.
It seems to be felt that the Alton will cause very little lower at first, strong and higher in the middle of the
trouble even if it stays out, since its officers are likely to week, and somewhat depressed again at the close.
The Association took There were distinct reasons for these changes of tone
follow a conservative policy.
really very important action on the question of meeting and temper.
The early weakness was due to the notice
the competition of the Lake Superior lines to St. Paul and of withdrawal from the Inter-State Railway Association
the attitude of the Burlington & Northern on that ques- given by the Denver Texas & Fort Worth, and to rution. A plan has been devised satisfactory to the Northern mors that the Association was in danger of disruption.
by which the trunk lines are to be asked to unite with the The sharp recovery followed as the result of the harCliicago-St. Paul lines in making joint through rates monious action both at the meeting of the Westbetween the seaboard and St. Paul. As the trunk ern Presidents and at the trunk-line meeting, and
lines had previously suggested this very step, there the good crop report of the Agricultural Bureau
Yesterday,
would seem to be no difficulty in carrying it out. The also contributed to the improvement.
idea of course is to protect local tariffs between Chicago under the favorable accounts with regard to^he
and St. Paul, and if the plan works,the low commodity railroad meetings the day before, a continuation of
rates lately put into effect between Chicago and St. Paul the upward tendency
might have been expected,
This week's meeting therefore has but some other developments operated in the opwill be withdrawn.
demonstrated two things: (1) That the Inter-State posite direction there came news of a resumption of
Association has not been disrupted, and that there is no gold exports, which, coming after some heavy shipintention to disrupt it; and (2) that the members of the ments to the interior and low bank reserves, occasioned
Association are earnest and energetic in their determi- apprehensions as to the future of money besides this
nation to grapple with the problems confronting there was a heavy fall in some of the trust stocks,
Of course particularly Lead Trust, and there were reports also
them and to succeed in the task.
more or less friction will be encountered in the future that the Grand Trunk of Canada, notwithstanding the
that is unavoidable in an undertaking harmonious action of the trunk-line meeting, was
as in the past
of such vast extent, but with the new assurance of the making further cuts in grain I'ates to the seaboard.
sincerity and vigor of its friends, confidence in the ulti- As a consequence
the whole market weakened.
mate success of the effort will be measurably increased. There have been a few special events bearing upon

portant, since the sphere of

—

;

;

;

It is satisfactory to note that the trunk-lines have also
arranged to settle their troubles, it being unanimously
agreed to restore grain rates, July 22, to the basis of 25
cents per 100 lbs., Chicago to New York, with the single
exception of corn, which is to remain on the 20 cent
basis in accordance With the views of the Baltimore &
There was apparently no difficulty in reaching
Ohio.
this basis of settlement
but yesterday it was reported
that the Grand Trunk had made some further cuts in
;

particular
sey

The

properties.

begun

has

cent quarterly.

Central

dividends at

the

New

of

rate

of

1^

Jer-

per

The Milwaukee Lake Shore & West-

ern dividend on the preferred

shares has again been

raised to a basis of 7 per cent per

annum.

The

Illinois

Central has declared a 3 per cent semi-annual dividend.
The New Haven & Derby road has been leased to the

Housatonic.
nati Chicago

The new

&

St.

stock of the Cleveland CincinLouis (formed by consolidation of

the Big Four with the Clev. Col. Cin. & Ind.) made
Both the RaUrodd Gazette oi this city and the Rail- its appearance this week. It sold at about 60 for the
way Aye of Chicago have prepared statements this common and 90 for the preferred.
week showing the miles of new road built in the first
The following statement gives the week's movements
six months of 1889.
The figures differ somewhat, of currency and gold by the New York banks.
but bear out the anticipations that this would be a
NH Inttriar
Shipped bu
Rectived by
Wtek enMnQ July 13, 1889.
very lean year for work of this character.
According
Moivment.
iV. Y. Banks i!f. r. n-inks.'
to the Gazette, the new main track laid in the United
Loss.
tSO.OOO
11.985,000
»1,M6.000
Loss. 1,800,000
1,200.000
States in the half year aggregates 1,410 miles, and Qold.
gi-ain rates.

I

\

according to the Age's figures the total is 1,522 miles.
Both agree in saying that the amount is less

than

half

that

of

the

first

six

months

of

1888.

Total «ol

1

and

legal tenders.

.

With the Sub-Treasury

»),P4fl,000

1

»3,185,000

Iloss. $I,23«,000

operations, hut not including

to-day's gold exports, the result

is

as follows.

•J'HE

34
W** »i«ll»f '"'»

""' "' ^'""

'"'" *'"**•

»«*•

»».

Hank

CHRONICLR

f3,l»5.<'U0

1«.700.000_

tl6.g8B.000

Oaln.

SOOOOO

L^.

tT3«.000

thought suggests the extreme urgency which
gold outflow from America whenever
the conditions of trade shape themselves to that end.
In this particular also, the case is quite different with

And

banks.
Bullion holdings of European
Jul*

SUmt.

0«ld.

ItoML

eoM.

I

18S8.

SUlwr.

lotol.

I

I"

£

t
I

BDfflAnd...

rnuiM....

48.43o.soi

8a.lN».llT3

tt.KIS.6Tal

so.oae^w

leading European countries. With them exports are far
more varied and extensive than with us, and they all hold
Should they have
foreign securities in large amount.

21.401,366

81.401.366:

»a.7W.«17
88.480.SA7 4;.186,IWS|48M9 6S2
83.011.000 lfl,50r.000
6.9W.0C0 15.093.000

49.62 l.OO)

5.681.000

8,131.000

18,B8.S.000

4.0U3.000

».835,000

1,318.001/

3,953.0X1

ToUthU w»ell'llM3i.40e »-l.»».»32;«0S.Wl!.810

112.760.S11

19i5»7.6»«

80.0:3.381 1S.006

SM

4S,02<I.OOO

Aut-Hnnc'j

«.4»<.aaa i&.fc£i.ooo

MwbarlaDd*.

6.S3il.U00

11.2M.0O0
S.tWMOOO H.147.000

II*t.B«l|lam

t.TW.OOO

1.864.000

81,(M3 000

a balance to settle and desire to retain their gold, they
might induce their creditors to take their productions,
or if that resource did not prove available, they could

202,3»:.983

^03,039.09
w».. — —
-__
_
i^ .».,.Wt.lm.lll6'il66 8B.10Oj0iKl!iW>.8ea.28nlll8.135.4a!l 88,90S.5a«—
riw. gi^T.w m.
and
sllvor) Kiveu in our table of coin
~The division (betwoea gold «nd
Belglam Is made from
!***..«>..

-.

.

.-

still

Bank of Germany and the Bank

of
neltUer case la It claimed to
the bMt esllmat we are able to obt»la: la
repurts,
Ihoao banks mike no dUliQC:lou In tUoir weekly
be accurate,
division
the lotal « .Id and silver, but we believe the

ballUm

In the

this

exists for a free
Julu W.

I8«.

11.

XI IX.

Hence wo are brought back to the trade balance as
always the point to be first investigated, and when that
balance is found to be against the United States, unless a
large volume of securities is passing, gold must go out.

Boldlntt.

I

B«nk.lnl.rtorMo«ii.ent,M.l>OT»l »»»«?^
I8.)loo.ow
Bol>^TrM.arr op«nitloni
»1B.14B.OOO_
Tnt«l «old»njJWI«l Undtra... .!

[Vol.

1

u

merely reporting
weraakelsaoloseapproxlinition.
while not
NOTE.-We reo'lve the above rc-sulM wooklr by oaMo. and
are theretiias
aU of the date given at the lioad of tlic column, tU-y
ligures.
iMoed iieare«t to that date-that 1.4, the latest reported

and refuses our stocks and bonds.
balance, under these circumstances, gold
legal

tender

left.

Europe
it

wants
our

settling
is

the only

Hence the imperative nature of

—a trade current

about as uncontrollable
Europe's greater independence
and method we see illustrated at this very time. France
has not been getting gold in any phenomenal manner.
That country met with immense lo.sses through the col-

as

FOREIGN EXCHANGE AND RECENT GOLD
SHIPMENTS.
article on " The Financial Situawe explained the conditions under

movement

an outgoing

lapse of the

tion" of June
which our recent shipments of gold to France have been
On the same occasion the attempt was
conducted.
3!)th,

The United

securities.

For

the

In our customary

pay their debts by selling

States in similar situation has no alternative.
is assumed to have taken all the raw products

tide.

Panama Canal Company and

the failure of

the Copper Syndicate and the Comptoir d'Escompte.

The result would have been an immediate and
had not the Bank of
disturbance
was not wise for the United States widespread
the disorder.
to follow the suggestion lately made for hindering gold France by large advances ari-ested
Later,
only postponed liquidation.
exports by means of a statute lodging in the Treasury But that action
two months, France was
price of and
the
last
within
Department the discretionary power to raise the
bars when considered needful. All of this was com- found to have been selling very freely its holdings
securities
(which in the meaninternational
piessed into as brief a space as possible, there being no of
oom for long discussion in that weekly article. Unfor- time had ri.sen to higher prices) and thereby turned
made

to

show that

it

French exchange iipon London in favor of Paris.
These were the means that gave the direction to the
tion, and involving us in answering numerous inqui- gold movement which has since been controlled by the
ries.
Under these circumstances we deem it best Bank of France. No doubt, with the exchanges against
to reopen the subject, presenting the views e.xpressed London and in favor of France, that Bank might have
a little more fully, although in so doing we shall got a supply of gold, perhaps all it wanted, through
have to rejjeat ourselves somewhat, and shall say London, but it was far less likely to disturb European
many things familiar to most of our readers. This will monetary centres by diverting the outflow from Amerno doubt be excused, as the question raised is an import- ica; so the latter course was taken.
ant one, and especially is it important that no hasty
Going back again to the situation in the United
legislation which may end in placing new restrictions States, let us see how the country stands this season
on trade be indulged in.
with reference to a gold demand from Europe. We
nnately this brevity in the treatment of the matter has

led to misunderstanding, calling for extensive explana-

First of all, it is very desirable for a right understanding of gold movements to and from the United

States to

remember that the underlying

cause of them
foreign trade.

over

or primary

the balance, adverse or favorable, of our
Generally speaking, that is true the world

is

start

each year in debt to the outside world. The
of American railroad securities held abroad is

amount

now

a very large item;

other foreign investments here

are also large and extremely varied in character.
sides, there is also considerable of

Be-

Europe's floating capi-

the jiayment of these balances between tal employed in the L^nited States, no doubt to some
transferred. But in Europe, the con- extent fluctuating in amount with the changes in the
nection between imports and exports of merchandise relative rates of interest prevailing. How much all these
and the current .settlements is so involved with other classes of debt aggregate it would be idle to estimate;
influences as to be almost or quite a minor considerabut the interest and earnings due from us to the foreign
tion.
Especially is this a fact with regard to Great owners on account of them, are an annual charge of by
Britain, whose carrying trade is enormous, and
whose no means small proportions, for which we have to proinvestments, fixed and temporary, are of so large volvide the money to pay each year.
We also are indebted
ume as to make every country tributary to it. With for our travelers' credits, and this is an increasing item.
us, on the other hand, mepchandise
imports and One banker, in speaking to us on this point, illustrated
exports must be the basis of the gold we ship
or the situation by supposing that a hundred thousand of our
receive.
We do not overlook the shipment of securi- people have gone to or are living in Europe this year,
ties which is every year a quantity
to be estimated
and that they spend an average of a thousand dollars
;

it is

for

nations bullion

is

;

but it is by no means a constant quantity
or one each in addition to purchases which go through our Cusapproaching the regularity in volume of our
for- tom House. Perhaps neither of these assumed numbers is
eign trade.
Sometimes the flow is large, sometimes extravagant, (the number of people we should certainly
it is very small, of late it has been
at a miuimum. suppose was au^ under-estiraate) and yet if we may

July

13,

THE CPIRONICLE

1889.J

35

accept the figures as given, we have to pay Eiiiope reversed before the proposed premium could have any
this year the very hirge sum of one hundred million effect in equalizing influences or in stopping gold exFurthermore, it is not true that the Bank of
dollars (less offsets from foreign travel here, &c.) sinii)ly ports.
to

for health France has put or paid any premium on gold, and that
One other unknown item, nowhere it has paid or lost a franc by the method it has used ;
The carrying trade is in nor is there any reason to suppose that it has drawn
freights paid.

meet what our people are spending abroad

and

pleasure.

recorded,

is

the

out a gold dollar that the United States did not
our owe. It has merely diverted the gold we were eximports and exports of merchandise as reported through porting by the device of paying for it in London or Paris on
our Custom Houses by the Bureau of Statistics. The fig- the day of shipment. As the Bank always has idle funds,
foreign hands.

these facts in mind, turn for a

With

moment

to

been published by us so recently that it will it sacrificed nothing in doing this, but as the effect of
During it was to save to the shipper about three-eighths of one
only be necessary to give a few of the totals.
1888 there was an adverse balance cent over a transaction done in the regular way of
the calendar year
against us (that is, our merchandise imports exceeded exchange, the Bank turned the current in its own favor.
In view of what has been said, it seems needless to
the exports) for the whole twelve months $33,457,001.
For the six months since that date (that is, ending with occupy space in noting the difficulties which would be
July 1, 1889) probably the adverse balance is fully as met in attempting to frame a statute granting to any
much more, although we have to estimate the figures Government officer the authority proposed, or the imfor June, as they are not yet made up. The supposition policy of thus adding by statute to the discretionary
alw.aysis that imports, because of the high duties payable, powers of the Treasury department with reference to
ures have

all

are invariably on the average undervalued, so it is assumed by statisticians that the adverse merchandise bal-

ance

is

really

much

trade matters.

RAILROADS AND CANALS.

Lirger than the official totals show.

But without making any allowance on that account, we
A writer in the Century, after describing with just
think we have given facts enough to indicate the urgency pride our achievements in the construction of coast and
of the need there must have been for gold exports the past river steamers^ ends by lamenting the decline of canals.
With the flow of securities to Europe at a He thinks that this will involve us in great perils.
six months.
minimum, with travelers' credits at a maximum, with There are undoubtedly many who sympathize with him
annually increasing interest engagements falling due, in this view, and for that reason it is important to
with our trade balance largely against us, even taking analyze what he says, and see how much of it is real
no count of freights or undervaluations, can any argument as distinct from mere sentiment. His rea-

one be surprised that gold should have to be exported ?
The reader is thus in a position to test the wisdom
and efficacy of the proposed restrictions on the free
movement of bullion. Of course, if by our legislation
and currency arrangements we are undervaluing gold, if
we are inflating prices of commodities and securities and
so making the trade balance adverse by stimulating our
imports and checking our exports, that is a point to be
These
corrected by removing the offensive statutes.
questions do not, however, come within this discussion.
The facts we have to deal with are a debt due and gold
(our sole available medium for liquidating it) going out
in settlement at

proposition

its full

made

is

international value, while

to invest a

discretionary power to put a
to

make

their

difficult.

Government

officer

premium on our

shipment more

bars so as

costly. and therefore

Under such circumstances can

the

with

more

there be a

doubt that the only immediate effect of the premium
would be to raise the rates of exchange correspondingly
and make our merchants pay the higher rate for their
bills.
We do not deny that it is possible to dam uj) the
gold current, but to achieve that the barrier must be
made strong enough, that is the premium must be put
high enough to depi'ess the prices of our commodities
or securities (perhaps create a panic) until the creditor
is tempted by the sacrifice we are willing to make to
take our stocks or merchandise in lieu of our gold.
But, say the advocates of Government interference,
France has put a premium on the imports of gold,

and

we are simply proposing to put
mium on our bars for export, and
.

influences.

No

reply

is

a
so

like

pre-

equalize

necessary to this statement

sons for desiring the

maintenance and extension of

may

In the first
be grouped under three heads.
place, he thinks that canals are necessary for moving
our gunboats from one harbor to another in the seccanals

;

ond place, he believes that we need them to protect us
from the monopoly of railroad corporations. Finally,
he says that Europe is building canals, and that therefore the United States should do the same.
The first argument needs only to be stated in plain
language to show its irrelevancy. A gunboat which
can only travel by canal would not be a very efficient
means of protecting our commerce. For internal defense we may expect each large river system to construct
for our seaports we must have boats
its own craft
which can go to sea, at least for a short time, and in
smooth water. If it should be necessary to build the
boats at one point and construct the armament elsewhere, it would be far easier to arrange to send the
armament to the boat by rail than to send the boat to
its armament by a canal maintained for that special
;

purpose.
railroad monopoly has more
There are some internal water routes which
exercise a powerful influence on railroad charges. This
is true of first-rate natural water lines, like the Lakes

The argument about

weight.

or the lower Mississippi.
artificial

attempt
lines,

water
is

line,

made

to charge tolls.

natural or

ditions.

system

artificial, it is

As an argument
it is

It is also true

of a first-rate

no
Of second-rate water

like the Erie Canal, provided

not true under any con-

for the extension of the canal

highly misleading.

The

decline of canals

has been due to the fact that they could not compete

further

with railroads.

The

railroads have been the aggressors in that reduction of

than to repeat what we have said above.
proposition ignores the controlling fact that the
exchanges are against us at all European financial centres, and that they are in favor of France.
Hence, even
if

the statement as to a

ditions

which

fix

premium were true, the conthe exchanges would have to be first

Even

in Xevv

York

State itself the

made it impossible to collect
The matter now stands in this way: A

charges which has finally
canal
first

tolls.

rate canal

which makes no attempt

to

pay fixed

charges, such as maintenance or interest, can compete

THE CHRONICLR
Ill other
bnrdeued
raurouu «.,.... ..
with a railroad wliieli is thus
ith
eaual are lower
of the
wonl., the operating expenses
fixed charges of the
the o,,erating expenses and
than
statute hke the Intera
railroad tukon together. When
to make the railroads
State Coniinorco Law attempts
a share
traffic which will not pay
any

withdraw from

of the fixed charges,

lakes it
it ni

difficult for

such roads

This is the situation in
to compete with water routes.
But when a man insists that
the Northwest to-day.
for the extension of canals

nionev should be spent
means of enabling
which will not pay interest as a
railroads developed as they
boatmen to compete with
are to-dav, he

must
will

fall"

come

is

loss
urging class legislation. The
as a whole ; the benefit

on the community

Such

to comparatively few.

a

man

argues

about capiabout transportation as the Socialist argues
monopolized
capitalists have
tal. The Socialist says the

Give the workingman his capital, and
of canal extenhe can compete fairly. The advocate
has monopolized the transsion says the railroad owner
Give the canal boatman the use of an

our

factories.

[Vol. XLIX.

which is subject to no such hindrance
the public and fairly profitable to the
may be useful to
Canals are likely to be useful where the govowners.
ernment rune the railroads. If American managers
were put in charge of the railroads of Germany, the
its scales,

a canal

water routes would have nothing to do, because the
country would get better and cheaper service for the

kind of

traffic

which now has to go by water.

mania for railroad legislation continues, it may
be that we shall need to have additional water routes.
The Inter-State Commerce Law makes it difficult for a
railroad to secure through traffic unless local traffic can
be put on substantially the same level. In other words,
the possibility of reducing through rates is limited, not
by the possibility of economy on through freight, but
by that on local freight, which is usually much more
expensive to handle. Under these circumstances, some
'

If the

abandoned a large proportion of
and the water routes may have to
But this is not because water routes

of the railroads have

their through traffic,

handle it.
than railroads. It is because railroads are
are better
portation system.
Still less does it prove that the
unfairly handicapped.
route at the expense of the community,
artificial w'ater
Government ought to add to the handicap by furnishing
man's
and he can compete with the railroad. The canal
expensive water routes for nothing; for this would
argument is just as good as the Socialist's, and just as
simply be doubling the present unfairness.
bad.
The triumphs of steamboat construction in the
be avoided by
monopoly will

Nor

is

it

certain that

AVhen water transthe construction of free canals.
rates were fixed by rings of
portation was profitable, the

boatmen

as

arbitrarily

freight agents.

ous in
the

its

as

now by

they are

The Ohio River

railroad

ring was quite notori-

time, while so late as 1882 an investigation of
State Senate disclosed the existence of

New York

combinations which prevented anything like free comAs a rule, it will be found that
petition in canal rates.
the tendency to monopoly lies in the nature of the business of transportation rather than in the character of

the people who have the control of

it.

come

in to

United States have not been the result of Government
Still less has this been true of the triumphs of
help.
In each case, American mechanics
railroad economy.
men have done their work to the greatest
and business
advantage when they were let alone. We believe that
our river and lake steamboats will take care of themWhere it is good economy for the country to
selves.
use them, they will increase both in number and in excelThis is a healthful development, which we wellence.
come, and one which produces good economy but if
you give a man a canal for nothing, you practically
destroy a part of the value of a railroad which can do
the work well for the sake of a water route which can;

We come to the third argument That England,
France and Germany are spending money on canals,
work either so well or
and that therefore America should do the same. As not, without State help, do the
This does not advance American enterfar as England is concerned, this is a misleading state- so cheaply.
There is one project now under active prise, but retards it. As far as it goes, it is an attempt
:

ment

of facts.

—which

system back to the level of
France and Germany. It may be a logical outcome of
As for the canal system as a the growing tendency toward legislative restriction of
its preliminary stages.
but we believe that tendency to be essentially
whole, England is worse off thaii the L^nited States. charges
unfortunate for the
It has been generally found that English canals could un-American in its ideas, and
discussion— the Manchester Ship Canal
prove a work of great importance but
;

it is

to carry our transportation

may

as yet in

;

not compete with English railroads.

Even when

water-wa3's themselves were maintained in a state

fit

country.

the
for

NEW

few people availed themselves of the privilege,
because it is better ami cheaper to pay railroad charges
use,

^^^^^^^_^^__^_
BUILDING PROJECTS IN NEW YORK.

is as yet no sign of revival of railroad
on the scale of two years ago, and for
than to ship on any ordinary canals. As for France construction
and Germany, they have canals and use them but the obvious reasons such a revival is not possible while
lesson of French and German experience by no means present conditions exist, the tendency of real estate and
shows that we need them or could use them. The rail- building operations here in New York is precisely in the
road charges of France and Germany are established on other direction. These building operations last year
such an artificial scale that it is impossible for the low experienced a set-back hardly less noteworthy than the
For instance,
grade and long distance traffic to attain to the develop- falling off in new railroad mileage.
ment which it might otherwise have. Government according to the figures of the I eal Estate Record and
control and Government ownership has produced a set Guide plans for only 3,076 new buildings were filed in
of artificial schedules of rates, whieh for cheap articles 1888, against 4,385 in 1887, and the estimated cost was
and long distances are very much higher than is neces. only $47, 142, "178, against $60,839,980, being a decrease
While American roads can move coal or grain or of nearly :iO million dollars. But such has been the
sary.
lumber at less than half a cent a ton a mile in thickly- revival the present year that already for the first six
settled districts, the German Government insists on months, according to the figures of the same authority.
charging double that rate. The consequence is that Just published, the total comes within a few jnillions of
their railroads are so handicapped as to make canals that for the whole twelve months in 1888.
able to compete with them.
If a railroad is forbidden
There are several particulars in which railroad conto practice good economy in the matter of arranging straction in the United States and the erection of new

Though

;

'

there

1

July

THE Cn^lONICLE

i889.)

18,

houses and buildings in

common

Tsevr

York City have li;ul pected
The new mileaf^c months.

in

37

this

And

line

during

industry

of

ensuing

we have only anbuilt in 1887 was distinctly the largest for any sin<.'lc other of many evidences showing a growing volume of
The new buildiufr trade, such as increasing railroad earnings, heavy bank
year in the history of the country.
Even Stock Ex2jrojocts in New York in the .same period were also clearings, and a hirge foreign trade.
The reaction change speculation, we showed last week, had been very
exceptionally and extraordinarily large.
that much more active thus far in 1880 than in the first half
in 1888 in both cases followed from a like cause
is, the work had been overdone, and a halt became
of 1888, though the general public has taken little part
necessary.
But hero the parallel ceases. In the sci
in it, and, as stated above, confidence in new ventures
features the last few years.

in that circumstance

—

-

tions

where railroad building has been most active

in

has not yet revived.

The increase in new building projects has not been
have been entirely withdrawn, and numer- confined to any special months, but has been in progress
seem to
ous and potent influences are working against an all through the year from January to June inclusive.
early resumption of activity.
From these special Altogether the plans filed embrace 2,170 buildings this
difficulties attending investments in railroad under- year in the six months, against only 1,0-17 buildings in
recent years, inducements

for

further

new ventures

takings,

for 1889

months

the same six

free.

real estate operations of course have been
These latter have not been hampered in that way,
and though the experience of many builders and real
estate investors during 188T and 1888 was far from
encouraging, yet the effect upon the public mind was
less disastrous and damaging than the similar unfavorable outcome of railroad transactions.
Special parties
have suffered losses, but confidence in the growth of New
York City has remained unimpaired.
It is perhajis questionable whether this sudden
upward start again in new building projects is desirable

As

or wise.

far as stability of real estate values

is

con-

cerned, a longer period of convalescence would doubtless

have been

projects

is

])referable.

A

certain measure of

legitimate and healthy.

new

is

while the estimated cost

last year,

«41,08-1,072, against only $25,524,078, being

an increase of over CO per cent.

In the six

but in that period 1,531 projects,

$47,315,140,

that

if

they w.ere entirely excluded the aggregate for

The
1889 would be larger even than in that year.
following gives the number and estimated cost of the
The

of the last four years.

down and

as all others used in this article, are

tlie

months

first six

figures in this table, as well

from the excellent

record kept by the Record and Guide.
favor.
But the case is different where builders or others
NEW BUILDINGS PROJECTED IN NEW YORK
engage in new enterprises simply to sell at a profit. In
18«,
1S88.

a

esti-

—

Old structures no new buildings projected for each of the

replaced by others more in keeping with

of

mated to cost over 24^ millions, were filed in two
months, March and April, some of which were fictitious
that is, the plans were filed to anticipate changes in
the building and tenement-house laws, but were subseThe proiwrtion of such fictitious
quently abandoned.
projects it is difficult to estimate, but it seems likely

longer suitable to present requirements will be torn
time.

months

1887, the year of heaviest totals, the estimated cost was

Projects of this kind are to be looked upon witli

sjjecia!

investigation

made by

the Record and Guide,

A'O.

work had been especially active during the
two years from April, 188G, to April, 1888, and the
results of which investigation were reported last November, it was found that out of 1,089 buildings which had
been put on the market only 4.5 per cent had up to that
time been sold, leaving 55 per cent (60.3) still in the
hands of the builders and which they were trying to dispose of.
It is this species of building projects that
makes trouble for all concerned. Yet the figures given
further below show that it is in that very section that
the largest and heaviest amount of new projects is

'

250 4,040.390

117

298! 6,477.475

January
February
March

203

t
168 2,
1,610.190
l,3«H,530l
3D2
887 13,
;.528,45l)I
644 11 ,032,395i
42S
i,905,r,60J

1,945,386
2,21B,0«5

5,22a»19

[

397

April

I

Usy
June

I

0,753,075

.six!

434'

a»88,7«0

373' 5.SU,976

411
380

8,089,475

3«l| 5.971,185

7,793.967

282: 4,851,118

40«i

'2170 41.084.072 1847'25.524.678'

Tota'

1886.

Cost.

Cost.

covering the new buildings put up in the section where
this class of

CITY.

S923

,822,025

202

3,824,198

35U|
512;

5,230,600
7.945,840

463

7,809.805

427! 6.442,890

495 6,7.33,755

47.315.14ol 245S ,37,491.88

Thus both cost and number show an increase for every
month as compared with 1888. We have already indicated that as far as 1887 is concerned the March and
April aggregates in that year were unusually heavy;

months and also February the
months for 1889 exhibit an excess over
As compared with 188G there is only one

excluding, however, those
three remaining

recorded for the six months of 1889, and in that section the 1887 values.
also that the largest increase over the corresponding single month in 1889 that does not exhibit larger totals,
and the aggregate for the half-year is over 3^ millions
period in 1888 is shown.
But whatever the nature of the new projects, one in excess. The number of projects, however, is less

thing

is

for labor

certain

—they

and increased

mean

increased employment

activity in all the various indus-

tries directly or

indirectly connected with the work of
putting up the new buildings and su])plying the materials needed for the same.
Some of the projects of
course cover very comprehensive structures, and will
thus furnish work for many months to come.
Take

the million dollar World building, or any of the other
large and expensive structures planned down town
these will take a long time to complete.
But, apart
;

same thing

that in that half-year, and the

is

true with

regard to some of the separate months, showing that

number

the figures this year embrace a greater

and costly buildings.

As

far as

of large

the estimated cost or

money expenditure is concerned, some idea of the extent
movement may be got from the following
summary, giving the totals for the first six months of
of the present

the last seven vears.
1889.

lPt8.

t

1887.

i

1886.

*

i

1

1884.

1885.

»

1

t
29.308,756

1883.

t

86.895.019
from this, new projects are always more. numerous and 41.084.072 25.524.67S 47,3!5,t4' 37.491 .«88 20 9n5.055'
heavy in the first half than in the second half of the year,
The most striking feature here is that from having
and many of them represent enterprises which it
been in 1888 the smallest for a long time, the total for
intended to push to completion during the months 1889 has risen to the position of being one of the
when the weather is most favorable for the erection of largest on record perhaps fke largest, as already said,
new buildings. Under the circumstances, therefore, it if the fictitious items were eliminated from the 1887
would seem as if considerable activity might be ex- results. Moreover, as against 41 millions for the six
i.<

—

CHRONICLR

IHl^

38

who e of 1888 was
of 1889, tlie total for the
188C the highest for any
only 47 millions, an.l prior to
As regards the d.s-10 millions.
fall year was not quite
among the different parts
tribution of the new projects

^^ths

years.
following, covering three

we have the

of the city,

DICThllUTION OF

M!W

ntII.mSO l-BOJECTg.
1?8T.

I8f8.

Tint HalS-Ttar.

,Vo.

.V».

CMC.

Ho.

——

t

I

oatkof

I4<h

Bat. 14th and SMh nU
B«t. BMh i l*S(h. K. uf ath ATe
B«t. MibAliKMh.W.oftitb ATe.

BaLllOthA IX-Mli.Vh&Scliirn

bM)|ig.iaa.i>so

5,4flt».30fl

H4I 11.710.375

5-0 ll.051.«00

e,>«i,a4«

7.Rra'.!M
5.4ft«.«)0

2.641.800

i.«u.seu|

83

1.UH.860

157

S.M&,»M

IW

1.77».8»

887 5.564.805

468

«.18r.»43

fi&l

SK

40

•MutfMtb Wwdi

4,7M.I>M)

2l6l 4.447,4fl5

*0^

tVSJ 4.(«0,S76,

371

north of isSHh SitMl

i).t4

KS
MA

800

300 10.«4«.n49

8tn«t

Co»(.

ll.8tW,BM

2.9()S.fllll

47.S1B.140
1047 2S,&M,e78
«I7U 41,064.07a' l»«7 2a.6W.«78 i>M3

yot^

the largest figures for any
be for that between 59th and 125th
district should
buildings, estistreets, west of 8th avenue, where 520
It is rather significant that

[Vol.

XL IX.

charges both for the finished product .and
The situation
the raw material entering in the same.
the trunk
as to rates on AVestern roads and among
and this was a
lines was of course better than in 1888,
portation

favoring element of very important dimensions still,
even here, certain modifying conditions tending to
make results less satisfactory in this respect than in
;

other months occurred, chief among which were the
qompetition of the Lake Superior lines to St. Paul and
the action of the Burlington & Northern in meeting

such competition, and the notice of withdrawal from
the Inter-State Railway Association given by the
Chicago & Alton, with various special reductions in
Finally, the comparison is with pretty full
rates.
The gain last year
earnings in June of other years.

had not been very large—less than a million dollars, or
only about 4 per cent— but in both 1887 and 1886 the

heavy, being in the cue case over
The increase was very
million dollars and in the other over two milnumber of three
cost is larger even than for 1887, though the
The following is a summary of the June results
lions.
more remarkThis is the
buildings is somewhat less.
for the whole of the present decade.
Record's
able since that is the section embraced in the
EamiTvit,
UiUage.
per cent of the new
Irureage or
investigations showing that 55
Period.
Year
Ytar
Decrease.
Ytar
Ytar
during a period of two years, and
buildings put up
Prfc«dtnfl.
Given.
PreceAing.\
Oivtn.
sale, had not up to last fall been disposed of.
offered for
I
Milen.
»
Mile).
18,184.772; 13,210.394 Inc. 4.915.378
The next largest cost value is shown by the district June. 1880(42 roads) .S2,113
13.068.185 Inc. 3.989.581
17.u58.U0ii
28.608
June. 1881 .43 roads)
15.S,523
22.848.158. 2-<!.80«,«Ml •»{£.
411.341
south of 14th street, and there also the total is heavier June, 1882 157 roads) 45,H.'il
26.764,041!] 24,*58,3i9^ IHC. 1.897,883
51.180
Bll.SKS
1883 (70 roads)
than in the other years. But this covers the World June.
611.681
19,221,240 20.032,926 Dec.
43,158
45.976
.une. 1884(57 roads)
807,666
15.237,167 16.041.7J2 Dec.
40.813
building, and some other large and expensive new struc- June. 1885 (49 roads) 41.210

mated

to cost $12,130,050,

have been projected.

I

I

I

I

tures.

sections in question furnish over 12

The two

millions of the 15 ^ millions increase over last year in
the whole city, but the west side section alone affords

7J millions increase. The increase in the other sections, therefore, has been comi)aratively moderate, and

on the whole the figures for those sections
healthy and steady development.

reflect a

much more

June. 1886 (KO roads)
June, 18S7,113 roads'
June, 1888(104 roads)
June.l8S9(137 roads)

HALF YEAR.
The June statement

of earnings reflects a fair degree

of improvement over the results for the same mouth
last year.

Our

table

is

even more comprehensive than

.

31.577.71"[ 311,321.^10 Ilic

.

1.353.500

gross overland was but 14,658 bales,
and the receipts at the ports only
58,090 bales, being together a loss of
16,070, against
receipts are
over 79,000 bales. The details of the port
in the following table in our usual form.
furnished
JCNK, AND FROM
BECBIPT8 OF COTTON AT SOUTHERN PORTS IN
JANUARY 1 TO JrNE 30, 1899, ISSS AND 1887.

The

against 51,836 bales,

Cilice

in previous months, and comprises 137 roads operating

no

17.9li2.640

27.577,B5'*I 24.37 r.8S2

season
\f ith regard to cotton, the movement at this
extent of the
does not reach large proportions, but the
month
falling off as compared with the corresponding
it might be in an active
in 1888, has been as heavy as

month.

GROSS JEARXIXGS IX JUNE AND THE

Inc. 8.058,990
Inc. 3,199.776
092.197
25.17l.704j 21.179,507 f ric
80.051.630

45.775
59,002
58.091
76.001

47,402

B2.023
61.852
79,470

Por(4.

Januaryl.
1887.

1889.

than 70,470 miles. These 137 roads earned
$1,353,500 more in June, 1889, than in June, 1888, the Qalveston Ac
Bl Piiso.
ratio of increase being 4*48 per cent.
In mileage the New Orleans
Mobile
increase is 4*50 per cent.
Theie are 4C roads which fall Florida
behind their earnings of last year, bat with two or three Savannah

1888.

174.160

103.128

"T2').278

540.578
46.319

600.567
65.292
6,805
13s,728
9,048

less

bales.

867

2,032
211

19.171
j

5,521

81.830

6.297

541.132!

826

498
2

899

4

89.630
10.569

10,052

i.esi

177.924

744

1

69.566

29.7381

3,621

7,140

91,491

88.904'

S76
196

531

773
S80

1,3341

Brunswick, &c

and the aggregate
a nount of decrease also is not heavy. Most of the
1 «ses are by roads in the Middle Western States.
exceptions the

The

losses

are slight,

Charleston
Port Royal, 4c

Wilmington
Washington, *c
Norfolk

fact that certain disadvantageous circumstances

•"isted the present year,

makes the

result disclosed

Weit

&c

les!

302

7

1

1.284

8
459
140

8,753!

l.a«o

5,002;

16.070

Point,

Total.

5S,I'90'

5.878

3,949|
148.300!

6.795

19.622

41,024
5.699
18,988

23.648J
1.556i

856

646

124,3m!

188.815

225,812'

148,576

131.323
96.259

11.815 1.5.S4,73l'l.2a3.62l

l,->;lo.»5a

t ;e more significant. In the first place, the month had
The contraction in the wheat movement at the WestO le working day less than in 1888, there having been ern ports has been very heavy, and it is all the more
five Sundays, against only four in June last year.
The important since there was a very considerable decline
movement of cotton, both overland and to the Southern in the same period of the year preceding. For the four
ports, was much less than a year ago.
At the Western weeks ending June 29 the receipts foot up but 3,055,ports there was a heavy falling off in wheat, in flour, and
in oats, and only a very small gain in corn.
There

260 bushels in 1889, against 5,415,890 bushels in 1888,
and Detroit is the only point not affected by the
•was,
however, an increase in the receipts of pro- decline. At the spring-wheat markets, Duluth, MinneTisions and live stock
at
Chicago.
Except in apolis and Chicago, the falling off is very striking. The
special instances, the demand for coal nearly all over flour movement has also been less, though the decrease
the country was still affected by the previously pre- has not been so general as in the case of wheat, and in
Tailing mild weather which had prevented the usual oats the loss reaches over three quarters of a million
exhaustion of the stocks of coal. No revival of new bushels.
The corn movement, notwithstanding the
railroad construction took place, and the iron industry large crop, stands only 364,000 bushels ahead of the
remained depressed, so that in certain sections con- corresponding four weeks last year, and some of the
cessions to that

interest

were made in lower trans-

points,

notably

Chicago,

show heavily

diminished

.

i

July

THE CHRONICLE.

13, 1889.]

receipts.

St. Ljuis,

however, has increased

its

receipts

from 1,180,580 to 2,02G,0G0 bushels; ia fact,
tlie same point has fared well, too, on some of the other
cereals, showing a large gain in oats in the face of a
It is Chicago which has been the
general decline.
principal sufferer; this will be seen from the following

1889.

of corn

WBEKB ENDED JOSE 29

RECEIPTS OF TIjOHR AND OKAIN FOR POITR

AND SUSCE JANUARY
FlOUTt
(.bbtt.)

Chicago-'
4 wks. June. 1888
1 wk8. June, IN**
Since Jan. I.IHHD
Since Jan. 1.1888

Milwt itfc«—
4 wks. June. 1889
4wk9.June. ISHS
Since Jan. 1, 1"81(
Since Jan. 1,18S»

nhio. Mil.
III.

Cent.(

A

St.

Iowa

p
I,.>

Iowa Central

8h.* W..
Milwaukee A So...
MInneap. & St. L.

.Mllw. L.

& Duluth..
Paul M. & Man

•

18S7.

1»89.

*
2.06t.22<

•

I

I

*

J

1«,023

2,001,329
130.687

10 J. 174
Si0,50i

106.62)

»<.614

299,467,

333.2391

236,13^

9't.200

91,588

47.65H,

47,3001

100,312

113,4<i9

113.4'>9l

I18.1>»7i

189.8 4!i!

2.007.000
1

2,110.199
126,619

1.IM3.4IKI

136.786

W.739

97,459,

1.919,903
130,640

109,791

108,|Ha|

I42.>ll»

00.583
4S,S38
191,018
iio.aas
712.105

Wheat,
(bmh.)
318.3IW

2-8,73:1

Com,

OaU,

BarUv,

(Inuft.)

(butlt.)

(buiH.)

4,159,.ii93

«,320.3il
0.928.2^8 4.800.278
32,721,1^1 2'1,3 1 1.5-18
28,524,941 22,928,971

OU

ti:l.'>,MiU

2,Hll'l,oll

a.oll.ailH

a,90s.o»5

13.),53»

,397,-90
SSl.Htil

32,480
13i,;50

2.11»,173
3,09d,a3l

29;.SI9
391.781
1.515.259
l,589,7»2

2,ll2B,06rt

15,822,524
9,l24,e79

aoi.,")S.i

i,n5u,oiw
l.-iVJ.OUi

4 wks. June, laso
4 wks.JuEie. 1^88
Since Jan. 1.18.8B
Since Jan. 1, 1888

4 wks.June. \m»
4 wks.June, 1888

Since Jan.l,lsH9
Since Jan. I, I889
Dttroit4 wks.June. 1880
4 wkA. June, 188*
Since Jan. 1.1888
Since Jan. 1. 1888
CUvclanil4 wks.June. 18SU
4 wks.June. 18HH

Since Jan. 1. 1889
Since Jan. 1,188s

74,317

69 9i5
4tH,S91
4i5,704

84,099

69.044

lli,:l9li

70.118 -1

4,713.;o7
3,778,6r6

581,667
481,753

172,(100

68,300

36,960

827,000

42.1114

2l,:i06

t,7n,44'>

1,204,0011

530.060

1,299,000

8,093,960
1,401,878

15.V56M
226,153

823,910
599,653
5,005.105
3,832,280

S80.485
783,122

:

l,180,rKSO

],403

775

3,1100

3,155
66.087
53,806

9n.l49
liU.'Sl

26.782

2,0,'i6.2-<l

710,955

1,216.631

136,960
100,174

88,062
19,361

159,528
157,274

82, li?

140.502
135.768

60i).B55

IO,SM
11,151
H1.270

29.721
52.6; 5
1,476,475
406,012

108,700

726,560
555,363

14,594
7,719
291,612
324,027

11.8117
13.6111
(li.a74

9ll5,;ai

9P,7ia

989,724

6,3»5

9,6 17

8»,:i82

89,709
19,958

24.430

51,929

2jis,837

l(il),8H

!18'.1,1»2

«)5,0J9
369,9.19

liJ,931

1,304,212

433,435

T,9«0
9.22J

49.000

552,300
33'*, 100
6,162,650
4,765,450

6.903,230

64,369

19,320

488,a37

2.277
2,143
25,572
23,232

1J1.027
134.3 15

41.337
10,440

718.774
889,695

226.737
162,621

3.971
13.279
13,330

(67,000

18.000
21.000
396,000
472,563

212.750
183,020

29,453

771

PeorVi—
4 wks.June, 1889
4 wks.June, 1SK8
Since Jan. 1, 1889
Since Jan. 1,1888

3u,737

417,238
35J,'05

Dululh—
wks June, 1889

21,f,531

1.32,580

4 wks.June. 1888
Since Jan. I, 1880
Since Jan. 1.18>8
^finneapt}lis—
4 wks. June, 1880
4 wks.June, 1H88
Slnc! Jan. 1.1880
Since Jan. 1,1888

Totol 0/

51.1150

917,0(10
.'').244.000

853,286

l«.l,:i'i3
5!l 1 ,9m3

1,0.16,877

10i,oa»

17,030
22,5.10

1.651,570
2.336.911
11.~21.614
17.424,751

150.9*)

I»7,397i

15I,0[I8|

iai,735J

7«5,l«5

013.080

479,6^

011,615:

8.479.434

8.079.11)1

3,6.Vi.3i)2i

Total..

. . .

....

.J

doubt attributable to the disability imposed on the Penn.sylvania

&

Cin.

by the Conemangli

770.nn

8,''55,'«R0

8r2,81B
4,i2-'.mi
\971,IJ01

5,415,890
23,6 )2,793
34,048,251

Clev.

Col.

There are some other systems in the Middle
Western section deserving of mention for their good
exhibits, such as the Illinois Central, the Wabash
Tiailway (Eastern lines
the Western lines show a loss),
ment.

—

and various small roads. The Toledo St. Louis &
Kansas City under the change of gauge is able to
report considerable gains notwithstanding that ballast
trains are still on the road and it will not be fully open
for business for two or three months.
On the other
hand, it is in the same section that we find the largest
number of decreases only one or two of them are
heavy however, such as the Chicago & Eastern Illinois,
and the Columbus Hocking Valley & Toledo, both coal
roads, and the former having suffered from a strike at
;

the mines.

On

the whole,

returns from these

the

. .

of the roads.
..

June,

1889.

1888.

1

1887.

f

4 wks.June. 1H8S
Since Jan. I,ia8u
Since Jan. 1.1888

The

floods.

Ind., however, also records noteworthy improve-

*

1

*

aV-

4 wks.June. 1886

8,3t0,«50i gOZO.Uiai 8.270.288

Middle Western States are more irregular than anywhere else. We furnish below a comparison on a few

4,047,746

15,793

106,.596

5J3,5»7

Rl«,

(biun.)

l,>15«.8S:l

391,

St. P.

The trunk line roads as a rule have good returns.
The New York Central gains is2 15,227, in part no

1.

Bt. Lmlt—

9,217.772 8,098.311
8,85 ), 1611 6.872,25?
59,613.772 33,376.746
15.003.431 36,5114,713

23-,611R

127,777

217,959
8,363,563
6,982,250

123,791
1,057,921

983.291

As indicated by the heading, the above figures cover
If we take the even month, embracing

just four weeks.

day less than last year, the aggregate cereal receipts at Chicago are nearly three million
bushels less than in June, 1888, with a loss besides in
flour.
As against this heavy falling off in grain, the
this year one business

fact

1888.

«

St.

able.

i

39

that the receipts of live stock at the same point

were 20,989 cars this year against 16,754 cars last year,
and that there was also a gain in the provisions movement, counts only as a partial offset.
In view of this situation as to the grain tonnage in
the Northwest, it is interesting to note the comparisons
on the roads in that section of the country. AYe find

Chicago

t East.ni.

181,311
101.831

205.29 1|
119.046[

221,540
158,100
204.231

219,S0J
154,268
265.66ti:

net. I>ansinKANo.

78.134
63.365
174.230
229.230
289.342

73.!526|

1».),124

181,612
2'14,201

1,806.820

1.486.882

1.937 .604

72,81,'5

I88,85o'

308,119

U'2,827:
101,281'

65.8a2;

225,231
248.970
297,924

ETansT.&TerreH.
Flint* P. .Marq...
Grand Rap.4Ind.«
Ohio

St

Mississippi

Total

1.702.313

*

t Chicatfo

All lines.

240,s01i
2S9,313j

1,834,434

1.820,414

& Indiana

1884.

t
+123.577
128.038
192,438
123,87*
155,321
109.88(
92,914
176,343
215,790
257,138

217.721,
164.952

'In.Ind.St.
CIn.
Col.

1

>
+118.812^

1

142.896
118,949
103.067
146,200
163.3 )0
102,510
86.522
169.733

116,6IJ4

L.tC.
Wash. & Bait.
H. V. 4Tol...

t

196.961

* W.Mich...

Chic.

1885.

1886.

1

117,268,

179,276
114,208
190,6,89

103,209
95,511
181. 1"0

Coal not iucluded here.

As in previous months the very best exhibits are
made by the Southern roads. There the gain is not

but continuous. Among all the returns
from that section there are only about half a dozen
which have a decrease. The Chesapeake & Ohio losa
follows from a transfer of business to the Richmond &
Alleghany, operated in the same interest, and which
that in the district where the wheat yield was poorest road reports a heavy gain.
The great progress made
last season, and where also there ia little tonnage of by Southern roads is best illustrated by the following,
other kinds from which to recoup the loss in that item, showing aggregate earnings for nine systems this year
earnings as a rule show a considerable falling off.
The of $4,327,069, against only $3,358,003 in June 1886.
Manitoba and the St. Paul & Duluth answer as types of
1838.
1889.
1884.
1887.
June.
1889.
1888.
that class of roads.
With regard to the Manitoba, too,
t
$
$
$
$
t
it must be remembered
that the road had a heavy Chesapeake & Ohio 298.906 341,399 SS5.832 82->,799 249.522 257,298
94,27«
Ches Ohlo& S,W,
143,219
141.446
122,607
l;3.>61
146,749
gain last year.
In addition to these, we have di- Olii.N.O.&Tei.P.' 570,; 15 528,305 49;,6I8 44l).06: 356,742 357,741
3.
307,810
431,624
'0,398
ffi.Tenn.Va.*Ga..
415.370
43.},75f
minished earnings by a number of others, namely the
274.478J
lx>nlBTille ac .Vash. 1.37l,6h5 1,306,790 1.210.8 -D 1,121,192 1,036.578 1,032,399
Minneapolis & St. Louis, the Dubuque & Sioux City, Memphis A Char.. 110,9.J7 107.636 111.964
117,705
81.721
84.833
194,468
174.912
144,505 +108,783 +140.0SS
219.890
the Cedar Falls & Minnesota, the Keokuk & Western, Mobile* Ohio
183,889
191.767,
.Sorfolk* West....
345.543
238,137
398,060
331,200
and the Humeston& Shenandoah. On the other hand, Rich.* Danv.sys. 7"0,ii43 838,641 C-0,159 513,801 932.803; 916.849
T..tal
4.Si7 6il9 4.145.<"flO 4.0O3..360 3,-5S,003 2,935.758 3.007.607
the Chicago Milwaukee & St. Paul and the Iowa Cenonly large,

.

.

have small gains, while the newer roads, like the
Paul & Kan.sas City, the Milwaukee Lake Shore &
Western, the Duluth South Shore & Atlantic, the Wistral

•Hntire system.

+Not IncladlnKSt.

L.

* Cairo.

& San Franand one or two minor line*
consin Central, and the Milwaukee & Northern, all have have suffered a decrease, but the Atchison, the Gulf
done unusually well. The following shows the course Colorado & Santa Fe, the Houston & Texas Central,
of earnings in this section for a series of years on a few the Missouri Kansas & Texas, the St. Louis Arkansas
of the principal roads.
& Texas, and various other companies, all record gains.
St.

As regards southwestern

cisco, the

Texas

&

Pacific,

roads, St. Louis

. .

.
I

1

'

increase on the Missouri

Kansas & Texas

heavy, reaching $132,571.
OBOM m^joiwos una xacAOB

A

K

•

Ai...

'>

Hurl
{„;,..

i'-..
ITJ

.*

I

'

C«l..- Ii-.ii .V ^.i.i. Val
ClHK:il..'.Lk.- ,v uliio.
Kl. li, .V Aii. L'Imliy

,

riMK. OilUl.V .-nilthW,

fhl.aoi .V IU<-t HI.
Clilc. Milw. .1.^1. I'lml.i
CliiiMk-ii .V I ilii" Klver.
Clili'. .^t r. .V K;in«.C
CUlc. .V Wi-i-iMKh ...
Clu. (ieork'. A; I'nrlsni.
I

ml. SI.

A- <

I..

2,007.000
4,73
2a5,3i>5

I

101,030

1

5.1411

22 1, .MO
4«.219
2S2,817
13 1,294

li.

Cln. Jacksuu ii Mitck
Ctn. N. O.* Tex. Pac.

Alabama

UUBoiith.

N. O. A Nortb EasU
Alaliamndi Vtckab..

70,»9
41,0'3

Sh.APao...

3(1.824

VIcksl).

Cln. Rkh. A Ft. W...
Oln. Srliua A Mobile
Clu. Wall. A Miili....
Gin. Wash. A Ualt
Clcv. Akron A Col....;
Clev. Col. Cln. A Ind.'

32.242
^,742
40,890
1.^6,100

1

Clevi'.

A

Marietta..

61.73y
007,640
10,733
143,66U

.

Colorailo Miill;iiicl ...
Col. A Ciu. .MicUiUid..
Col. Hotk. Val. A Tol
Day. Ft. W. A CUlo.
Denv. A Rlotirauilo
Deiiv. A K. ti. West.
rvt. Hay C. A Aluenal
Detroit l,aii»V
Dill. Sou. 8li. A All...!
East Teini. Va. Ada.

23i,81S
62,448
129.659
24,535
2tl.619
151,413
54,161
1,180,996
24,154
341,399
53,819
143,240
205,294
2,001,329
3,986
1&H,741
119,040
6,349
219,805
45,923
296,224
111,345
60,977
27,555
32,204
32,596
7.383
39,497
154,268
56,747

|

.

2.^,376

204,r31
37,009
677,400
114,875
48,739
78,134
201,45
433,752

i

!

ANo

Eranav. A Iiidlniiaii.
EvansT. AT. Haute..
Fllut A Pen- Marq.
Fla. R'v A Nav. Co...
Ft. W. A Dcnv. City o

21,

.

A Indiana

Ur. Kai'iiU

180,'?3!

16,148
1,527,432

Other lini-a
(Grand Trunk of Can
(Chlo. A (Jr. Trunk.
(Det. tir. H. A Mil
Hain't .v Iix. Cent
nau
Hun

275,085
75,367
188,058
11,500
1,074,735
7,948
13S,075

llMii

Ce

ilinn.
Dull. A.Sk.u.\ Ciiy..
1

A Wesura

Ind. Dee.

Iowa central
KauHwlia .S:UIilo

2 ',761
109,174
22,731
253,267
13,198
34,800

.,

"Kaii.C. Ft. S. A .Mem.
•Kan. C. Clin. A Sn ..

Kan.C.Wy.ANoriliw
Kentiieky

—

Cei.ti'al

Keokuk A
Klnpii. A
Laku Kile
Lake Krie

or

63,365
174, WU
St, 849
223,VO-

|

77,56
23,240
20.189

'

Wejitern ...\
IVniluoke.j

612,4.51

22,497
112,295
29,722
2fi5,66H

31,401

674,000
97,250
46,590
73,526
135,476
431,624
17,300
6=>.S32

186,855
79.892
185,992
188,343
19.868

12.860
903,757
8,393
112,2 '4
27,087
106,620
24,079
220,«43
15,907
27,725
79,872
26,&13
19,-'84

|

'

[

Riyi 3, 1 II, 4 IK
.52,412
164,5?l5

lliid.

Northern I'aeiilo
Ohio Ind. A West. ...
Ohio A .MI«<i.Hsl|>pi...
Ohio A Northwest
Ohio River
Ohio .-^"iitlifrn
Ohi
Ky....
I

ans.

I't"

Wit-rem
PrcBcuU i All/.. Cent
R. A Dan. «ys(S niH.ifc

A

Bt Jo.

<.ii'.

•et.L.A.AT
Bt. l,oul»
St. Louis

Ark.

Ht.

109,488
289,313

...
..

Pitss.

Shenandoah Valh-y..
I».l,ind R. Tr...

I'aelm^

412,310
10«,5'.)6

^03.597
102,587
n.73i!
20,321

75,000
110,75a
41K.«2B

196
143
170
86

+ 9,420

+ 13,528
+4,620

-354

6:
16'

—2.611

+ 1,193
+ 1,832
+ 4.992
+ 55,189

+ ."^,668
i3,400

86
631
414
42
303
318
336
i95
19n
143
170
86
67
165

Annlaton A Atlantic....
Atlanta A West Point..
At.T. AS. Fe{5road8) ..

1

,37

223,131
494,002
150,906
765,125;
01,459,
7.95 41
15,873,

77,000
111,216
454.2401

A

189.167
2.002,155
587,990
935,241
1,213,212
11,108,714
35,19 ^
1,292,110

!

;

Ea.-tern Illinois.;

1,48

1,462

369
226
323
356

369
226
268
3i6

1,140
151

1,140

+4,608
+65,97

+ 2,128
+3,707
—2,467
—12,625

156
379
574
856

+ 1,957
+3:.2i6
—7,501
—3,719

138
156
361
574
85(1

63

409
63

401/

—7,522
+32,837
—1,360
+170,978

513|
95
95
2,267 1,953

-445

751

-4.219
—3.323

524
15v
509

+2,5.54

-1,348
+32.3
-2,', 09
+7.075

12
671

163
IbO
254
148
113

—V,305
—3,273

+305

.

327
152
509
129
671
163
132

254
148
113

-1,002

61

61

+ 15,328

589

589

+3,8
—4,399
—17,126
—2,465

63
135
361

+ 4,89.1

2,17(

2,124

-2,665

53514

538
514
330

-

28.--

+ 30,630
+3,321
+ 129,152

+ 125,651

+ 12,610

33b
1,397
l,21^
29L

63

135
357
i83

1,236

600
303

+ 4.612

— n7

—13,067

865
293
592
303

17

+21,035

17

351

+ 132,371'

351

1,612

1,61'.!

+25,428
+30,694

687

+ 1,792

100
6>-

687
650
100
68

1,420

1,447

68
327
594

58
320
554

3,445

3,280

342
623
107
211
128
9i
254
367
73

312
623

65l

+ 1,9581

—296
+ 11.497,
+ 52,521
+90,410
—5,870

+29

2,633
447

102
211
12s
98
254
367
73
2,633
447

242
___

2.4

1,262
-81.662' 1,329
—14,37(1
257
—171,528! 3,021

1.205
1.316

+3,416
^2,0!)^

r5,028
+3,403:
+92,5<>il

+ 10,819
+ ll,8(lil'

.

+ 23,997;

+8.128
+3,778!
+4,44^|
-2,000'

—466

Chic.

26

-13,145

8

OapeFeiirAY'adkin Val
CuesapeakeA Ohio
Rich. A Alleghany
Clies. OhioASo.West....

6,30:J,I3<

Cinn. Geort;. APortsin..

-1,020

7,494-

48,027
202,782
10.314.607
1,378,028
907,623
325,145

Atlantic A Pacitlc
Buffalo Uoch. A Pitts. .
Calio Vine«nnes A Chic
Cauiullau Paeillc

267
70
325
261

+ I7,ti2o
+ 2,149

31,485
9.132
49.913
173,326

1889.

JVome of Road.

ChicajtoMilw. ASt. Paul
Chicago A Ohio River.

-2,764
+31,374
-3,346
—61.433

239
2,651

413
110

353

74

48
255

255
21

-7.620! 1.497

-17,091
-5.574

187
818

+ 18,238

316,221

GROSS EARNINGS FROM JANUARY

281
194
738
106

281
194
738
106
207
70
325

44,185!

247,128!

Fran..

+2P6

+ 2,490

A Tex.

liuluth

+ 1,735

—13,40
+27,949

16,40.'.'

.lr7,64!)

Ann r. A Mont..
Lake Sh. A K.

A

52,041!
178.3 4
li .897

1,010,137,

6S6,b4i

Seattle

Taxas

18,895
43,165
34,630
12,548

3i5,51.i|

98,220
59,518

San A. A Amu.

Btaten

289,:<42

52,708
153,091

7711.24:1

Paul .Minn. A.M

8av.

103,618

—200

••

133
658
187
818

;

5,670

790
408
42
303
346
336
295

+46,654
—17,216

2,696,216; +213,227

Island..
ll.hrchs.

A Man

BU Paul A

398,060,
1,700,547

5,67S
86

332,459

29,2 1
272,5911
72,176|

* Three weeks only of June.
four weeks ending June 29.
t For
5 We clve hire the earnings
n Includes whole Pan ll.indlo .system.
of the enlire system the separate roads will be foiiud elsewhere.
c Includes Miss. A Teuncsee lor this year only.

+8,004 4,957 4,660
234
245
+ 4," 88
502
f02
—44.493
252
252
+50,985
398
398
+3,500
465
49b
—20,983

+ 5,671
+749

AL.

1,001

•

+ 52,894!

4&
226
247
207
91
956

Total (137 roads). 31.577,710 30,221,210+1,353,500 79,470 76,0 01

335
189
513

|

A

—106

506,346
470,922

462. 1"5!
31,06 »|
254,900,
66.002

Erie..
Wisconsin Central...

Wheeliiii:

—8,817, 1,001
138
+ 1,793
658

+ 1.279

49.4501

559,210

184

+21,726
+7,397

38,846

56,8 47

—

3,418

1.56,121

1888.

245
45
2S7
247
31
91
956

+20,899
+4,137
+25,953

i

81,577!
64,387|

02,572

,

Wa'>ash Railway
Wabash Western
Western of Alabama
West. N. Y. A Penn..

200
210
86
818
294
267

+ 7,296
—78,885
+2,082
-19,963
—7,620

335
189

[

J; Xorth'n.'
N. V. Ont. A Western
Norfolk A We«uru. ..

265
210
86
818
294
267

+28,018

61
1.022

3,479

4,200
.=.,292
106,672
26,433
22,575
Utile Koek A Mem...
35,677
40,070
Loiii: 1-hin.l
349,608
3<i6,734
Loi!^'••'1
71,640
74,1Q5
I>Oni
liv..
1,371,685 1,366,790
Ixiiii.vcliic.
182,592
185,257
Ixniis. N. I). ,v lexaa
171,075
140,415
Meni|ilii8 A Cliar'ton
110,95;
107,6.>6
Hexleun (,'entral
500,204
370,752
Mexican NatloiiHl
288,686
163,035
'.Mexican linUwaj'
251,0''3
23<,143
Wiiw. I..t-li. AWest..
32. .SO
299,467
Milwaukee A North
96,200
91,588
Mineral Ran^e
H,256
8.773
Minn. A SI. houls. ..
1( 0.342
113,409
Mo. Kansas A Texas
600,286
476,715
Mulille A Ulilo
2111,896
194,468
Nash. Chatf. A St. L
259,175
228,181
•Natchez Jack. A Col.
8,850
7,058
New Orleans A Unit.
12,494
10,536

New York

61
1,05-

+400

+ 15,93c

Iluilmiii

N. Y.Ct-n.

53
53
+ 10
+57,550 4,934 4,368

49,925
1 6,938

65,668;

A

Tol. 8t. L.
Kan. C.
Valley or (Jhio

+44,' 81

182,(100

i

1888.

70,823
21,075
107,530

.

1888.

.',451

Alii. iV 8.<..!

A Western

A

I^liiKli

Tol.A. A. AN. Mich.,
T.lcdo C(d. ACin ...
Tol. A Ohio Central ..
Tol. Peoria A West .

mieagr.

259,747
82,889

1,48

Mileage.

Increase or
1889.
Decrease.

joke.

$

S

XLIX-

fOL,

Oram Earnings.
188?.

w

6.768
1,454,145
5,275

&

AtliiDtIo
A«l-h.Tnl>. A H. Fk
Col...
C
81. L.
fjnif f«l. .«: «. Ko..

Annlaton

[

Name of lioad.

Ifureau or 1889.
Dtertate.

1888.

1889.

C'lu.

1

1

ven'

is

Orott Eaminsi.

('MIIJt.lL

!

'

THE CHRONICLE.

10
The

..

,

HO

21
1.497

.

Chic. St. P.

A

Kan. City.

064,452
27,909
1.340,216
268,716
1,748.627
875,061
485,078

ChlcagoA West Mich...
Cln. Ind. .St. L. A C
Oln. Jackson A Mack....

Cm.N.O.AT.P
AUibama

;

Gt. Southern

I

Naw Orleans AN. E
Alabama A /loksburg
Vi'ksbiira.Sh. APao...
Cln. Rich. A Ft. Wavne.
Cin.Selnia A .Mobile....'
Cln. Wabash A Mich ...1
Cln. Wash. A Biatluiore.
Clev. Akron A Col
Clev. Col. Cin. A Ind....
Cleveland A Marietta-..
|

6.266
258.008
212,303
48.607

2t

,

238.579
061.745
335,419
3,715,758
117,876
790,199
154,655
1,162,585
227,013
3,555.51o
650,941

I

Colorado Miilland
Col. A Cin. Midland
Col. Hock. Val. A Tol....!
Uayt. Ft. W. A Chic
Denver A Rio Grande...!
Denver A R.G. Western.
Det. Bay City A Alpena.
i

266.6631
508,5511
743,293!
2,844.156;

I

Detroit Laiwing ANo...
Dul. 8. Kh. AAll

EastTcnii.

V,a.

AGa....l

128..547I

EvansvilleA Indianap.
Evansv. AT. Haute
Flint A Pere Mai<iiiette
....
Fla. R'y A Nav. Co
Fort Worlli A D.n. City
Rapids A lud....!
Grand
1

1

TO JlrXE 30.

188S.

Increase.

44,648
196,147
9,283,983
1,339,206
941,797

3,979
6,635
1,050,624
38,822

34.174
3,660

32-«,805

5,833,390
161,379
2,148.921
280.250
912,899
1,224,562
10,554.0Ub
22,402
95o,490
673.230
27,824
1,261,961
231,431
1,717.258
7.-5,779;

406.140,
219,449;

231,138
199,962
49,791

469,743
37,788
146,766

307,740
'ii',350

554,62'

12,79

341,620
8,778

85
78,252
37,285
31,369
139,285
7S.9J8
46,817
23.870
12,341

1,184

222,591,
902,02l|

I5,9i8

297,192
3,.50ll,710l

38,227
215,018

130,085;
623,504;
153,832;

166,695
823

12,209

160,160

1,32.',745

190,903:
3,550,234!

36',i"lO

588,-250,

02,091
33,202

233.161
452,6 17
540.72;)

2,648,821
106,624.

407,388

386,968

1,185,374

53 ,400
440,386

5,281
55,9141

202.564
195,335
21.923!

1, •-'23,391

508,457

I

Decrease.

5,-4,539
1,072,134;

1,056.671

20,420

38,017
29,651

i

144,153
15,4b3!

102,-J37;

98,1.='3

4,b84

Canada .!
tGrand
tChic. A Grand Trunk
Hav. A Mil
tDet. Gr.
Houston A Texas Cent.
Humestou A Phenand'h

9.055,011;
1,639,506
466,338:
1,192,304
60.300!

8,433,361
1,586,198

621,6:0
53,308

Illinois Central c

6,106,770
43,082
771,180,
169,185
083,923
123,168
2,120.127
122,569
190,710
451,454
150.520
93,916
2»,7p5
1,149,607
8.752,154

Othcrlines

i

Tr. of

.

.

!

1

Cedar Fa' Is A Minn...,
Dub. A SiiiuxCity....
Ind. Dec. A West

'

Iowa Central

Kanawha A Ohio

'

AMem

*Kau. CitvFt. S.
-Kan. City Clin. A Spring'

Ka'

.

C.Wyau.ANorthw.:

Kentucky Central
Keokuk A Western

,

A Pembroke.
Lake Erie -Vllr. A So...
LakeErle A Western...
Lake Sh. A Mich. Sou....
Lehigh A Hudson
Little R.iek A Memphis.
Kingston

.

Louis. Evans. A St. L...
Louisville A Nashville..
Louisv.N. Alb. AChic.
Louis v. N. O. A Texas...
Memphis A Cliarhiston..

SMexlcau Central
{Mexican National
-tMexican Railway.

A

Can. Son

Shore A West'n.
Milwaukee A Northern..
Mineral Kaujro
Minneapolis A St. Louis.
Mo. Kansas A Texas....
.Mobile A Ohio
Nash. Chatt. A St, L

MUw.

L.

*.Vateliez Jack.

New

88,551;

26,3^2
923,084
8,067,889
114,097

206,699

"9,974
955,176
R8
3,121
4,194
40,544

5,192

204,201
2,S03
77,M37
7,49
1,525

5,365
3,463

226,523
84,565

9,U3

Orleans

A

A

Col

..

Gulf....

N. •i. fen. Allud.
N. Y. A Norrheru

R...

Ontario A Wesfn.
Norfolk A Western
N.Y'.

Northern Pacitlo
Ohio Inil. A Western....
Ohio A Missi-ssippl
Ohio A Northwestern...
Ohio River
Ohio Southern

271.008

33r-,50»

1,433,15'.

Long Island

.Mich Cent.

123,n0

37,484

503,'<22

985,605
70,274
5,451,594
43,170
768,059
164,991
643,37a
12'', 360
1,915,926
120,066
112,773
443,962
152,015

1,414,565

isVsob'

454,238

448,7U

8.291.971
1.073,553
1,213,719

7,73.i,943

5,522
556.028
64,9b2
126,958
30.422
188,563

80H.745
3,102,084
1,824.295
2.087,62b
6.233,000
1,513.149
539,79b
51.523
587,777
3,141,301
1,477,018
1,601,901
82,856
82,08(
16,780.145

284,26
808,910

1,008.591
1,116,761

776.323
2,914,121
1,152,145
l,913,7.'i5|

61,500

672,1.50

173,871

302,000

6,535,000
1,180,'-3H

495,6143,0r8
615,421
2.907,436
1,200,'<58

1,490,015
69,-<45

78,893
16,622,633

2,4-9,85ii

2' 0,091
757,40b
2,298,750

8,989,697

7,439,16'^

669,789

1,74",518
86.005
195,048

214.9S3

266,765

27,644

23 '".86.5
276.160
174.8-16;

13,011
3,193
157,512!

24.169
51,442
191,100
1,550,535

693,423

1,819,521
97,295
243.708

332,213
44,-78
8,135

29,634
'79,003

11,290
48,660
21,772

I

.

July

'

THE CHRONICLE.

18, 1889.]

1850.

iVanie of lioad.

1888.

..

00,«99

& Evais
& Western
Prescott & Arizona cut.

341,161-

57,207
315,090

1,059,!) 13

9112,339

G5,89:

43,959
4,697,458

Ohio

tt Kcnt'y.

Viillfiy

Peoria Dec.
PIttsbiirK'

'

Rich

<!k

Uanv.(8 roads).

5,2.")4,(i0i)

Gr. Islaiiil
•St.L. Alt. A:T. H. Br'clis

St. L. Arkau. & Texas. ..
St. Louis A H. Krauclsco.

1,437,604
2,560,063

8t Paul & Duluth

504.090
3,397.084
542,011
85,8hO

>fe

45.'),47i

Paul Minn. A iMan...
San Ant..t A runs. Pass
St.

,

Savannah Amcr.v^iAlont.
Texas

A.&

12S,843
692,415

92 fiO-J
43 981

4.50,212

39,903
387.4(!0

368.93

13 ,988

160 028
34 220

5a3,'290

419.734
405,499
297,879
3,03it,771

29,854
.336

IPO .041
2 .749
1-^7 803
103 751

1 1 ,960
2,572,411

2,9

2,076,163
248,509
1,497,780
422.545

220,801
1,398,302
428,703
1.689,747

l,7i?2.178

discount rate in the open market is only about l^j jier cent,
while call loans are barely 1 jier cent. Yesterday the India
Council, in proi)iii-ation for interest and dividend jMiymentB on
Monday, called in large amounts which it ha<i out at loan with
brokers, and this caasetl a further slight advance in
Nevertheless the market is much easier than it usually
is at thLs season, and the opinion of bankers and discount
brokere is that ne.vt week there will Ije a further fall, and that
all through July rates will be very low.
Tliey jjoint out that
during tlie past three months the imports of gold have been so
large that the internal requirements for additional currency
have been fully satisfied, the foreign demand has also been
suppUetl and yet the Bank of England has been able to increase
hill

rates.

327

283,582
82,098
553,150
413,118
216,457
270,130

night at rates ranging from 2 to 2^i per cent per annum, the
lower rate l)eing the more general one. On the following day
a few person.8 who had not arranged for their accommodations
on Wednesday were charged something more, and there was
a slight advance likewise in the rate of discount. But still the

the

2 .540
38,

I

2,'93,2'.'0

&

I,.

<

444,210
110,918

&

Kan. C...
Valley of Ohio
Waliash Ka Iway
...
Wabash Western
Western of Alabama
Western \. Y. A Penn.
Wheeliut; & LakeKrlo..
Wisconsin Central
Tol. St.

2.521.2:19

a.OOH.'iOH

Nor. Mich.
Ciu
Toledo & Ohio Central
Tol. Peoria & Western ..
TilcitoCol.

195 .87:11
39 363

629,933
4,090,099

300.'

I'aciflr

\-

Tol. A.

3, ,032

28 ,(178

1.211.731

00
407.461

Blicimniloah Vallc.v
Staten Island Uap. Trau

i__

157, ,004
21 ,938
557 ,151
47 ,300i
41 ,917

499.110
413,529

54«,41(i

St. Jos.

Deereaar.

Itiereaie.

41

21 ,7(i8

99 118
6,160
92,431

its

stock of the metal, so that

it is

now

over

1%

millions ster-

more than it was at this time last year. The Directors of
the Bank of England, however, do not quite share the opinion
of the outside market. They maintiiiu their rate of discount
at 2}£ per cent, and they think that the market will be rather
stifferthan is generally supposed. The chief rea.son for this view
is that it is hot considered likely that much more gold will Ije
received from New York, while the demand for Paris still conThey argue, also, that the improvement in
tinues active.
trade will stea<lily expand the internal circulation, that the
harvest promises to be both large and early, and that the conling

Total (13S roada)...

197,460.793 184,988,193 14,24" ,26fi|l,775,«;62

Net Increase

12,47'

Three weeks only of J une In each year.
To .lune i9.
I Mexican currency.
c Mississippi & Tenniss'c Division included for

,ds)t-,

*

f

June

closes the half year,

this

year only.

results as

a whole

138 roads only 25 roads
and the gain in the aggregate reaches

are quite satisfactory.

show

Out

and the

losses,

A

$12,4:72,598.

number

of

of

drawbacks which

special

operated to reduce earnings last year did not exist the
present year, such as the engineers' strike, the bad

version of consols will continue to

make

the Chancellor of the

Exchequer keep .a larger balance at the Bank of England than
weather and the trouble in the anthracite coal mines. he usually does. Still, the probability now is that unless an
The most important diilerence between the two years accident <x;curs the money market will remain well supplied
however was as regards the improvement in the rate and easy for a montli or six weeks.
The Bank of Bengal and the Bank of Bombay have this week
situation resulting from the Presidents' agreement and
again reduced their rates of discount, the figure

now being 4

per

Railway Association.
cout, and in consequence the demand for remittances to India
The improvement was not maintained entirely unim- has likewise further fallen off. Early in the week there was a
paired to the end, but at any rate the advantages in favor jjretty active demand for silver for Japan, and the price of the
of the present year were very decided.
The cotton metal rose a quarter of a farthing per ounce. But the inquiry
movement for the six months was also iu favor of the was soon satisfied, and the price has dropped back to 43d. per
ounce.
The reports from India are to the effect that the dispresent year, the shipments overland standing
the formation of the

Inter- State

at

Madras Presidency is increasing, that the relief
works will have to be augmented, and consequently that the
the Southern ports being 1,534,000 bales, against purchasing power of India will be less this year than it has
1,253,000 bales.
The grain and flour movement how- Ijeen for a considerable time past. Therefore, the inference is
ever at the Western ports did not operate entirely in that the Indian demand for silver will be small.
The French Government has at length decided not to assent
the same way.
There were larger receipts of corn, but
the Egyptian Preference Debt, on the
very heavy losses in wheat and flour, and also in oats, to the conversion of
ground that the British Government has refused to fix a date
so that if anything the aggregate for all the cereals and
The conversion would have
for the evacuation of Egypt.
flour was less than in the first lialf of 1888.
The effected a saving of about £180,000 per annum, which would
Northern Pacific shows a greater gain iu earnings for have aUowed Egypt to borrow the money urgently required
the six months than any other road, and the Southern for irrigation works, and yet to have remitted taxation. There
roads generally also have heavy gains, but the best is in consequence much dissatisfaction in Egypt, where for
the time at all events French influence is almost annihilated.
exhibits as a rule it will be seen come from the roads
The behef in official circles is that the decision of the French
which have benefitted most by the maintenance of rates. Government was actuated by electioneering motives. The
The coal roads of course suffered from a diminished French ministers know how popular it Is to take up a
demand for coal because of the mild winter weather. firm attitude in the face of England and Germany,
Tliere was a gain in every montli of the half year and and they hope, therefore, that their refusal to assent will in649,000

against 529,000 bales,

bale.s,

the following

is

and the

fluence the elections in their favor. It is believed, therefore,
that as soon as the elections are over France will give her as-

the record.
Earnings.

Milf^ige.

Increase or
Decrease.

Period.
lei-o.

1888.

Miiea.

Miles.

18t-8.

t

\

January 1 IH roads)
Pebnisry (lS!'.Jroad»)l

70,758

67,544

71,077

6«,744

71.313
CB,167

(

.

68,205
68,781

$

t

86,388,785! 24,0«<.S83 Inc. 'J,aO».Vi~

1

25,434,878

I

8), 173,04a Inc. 1.2(ll.Hb6

28.844.317

28,So2,16i> luc. 2,4«2,15!

26,140,77lf

I

M:irch i:i',i4 roads).
April (12« roads) ....
May (130 road?)
June (i.S7) ro, ds

tress in the

receipts at

2l,t)7«.i Slj/tic.

Sl.48S.24i

29,81B,l«9!rnc. ],«72,041

31,577,7il

30,2-j4.210'tnf. 1.3M.5',.0

1.164,725

I

I

77,4lj»

71,<143

.

Perhaps there was also another motive. The converwas contracted for by the Rothschilds of London and
Paris and Bleichroder of Berlin. A very powerful group of
PVench baukei-s had been negotiating with the Egyp.ian Government, but failed either to get the contract or to be aUowed

sent.

sion loan

and Bleichroder. The
whole influence of this powerful group was brought to bear upon

to participate witli the Rothschilds

'

i

711.470

76.C01

Go-erument to induce it not to assent to the conThere is little doubt entcrtamed, however, that means
will be found to reconcile the French bankei-s,and that towards
the end of the year the conversion will be effected. Lord Salisbury, in his reply to the French Amba-isador, jxiinted out that
the conversion was entirely in the interest of the Egyptian taxpayers, and would not in any way benefit England. At the same
the Fi-ench
version.

[From our own correspondent.

Money

ha.s

London, Saturday, June 29, 1889.
been this week easier and more plentiful than

it

time he reix'ated the assurance, so often given, that as .soon as

At the fortnightly set- circumstances permit our Governmem will evacuate Egypt.
tlement, which began on Wednesday, Stock Exchange bor- But he added that it would be very inexpedient to fix any date
-rowers were able to obtain the loans they required for a fort- for the evacuation— firstly, because nobody can foresee when
usually

is

at the

cliise

of the half-year.

.

:

.

THE CHRONICLR

42

secondly because
.ucha.ui.a.s«m.would te pracUcable, and.
the Bnhsh troop
annou«c.n.enl that on a given day
th«
the credit of Egypt that
woald be withdrawn woul.i bo injure
It is reasonably cerout.
the conTWsion couUl not )x> carried
Indeed,
our Rovemment will not give way.
tain, therefore, tliat

conversion in Berhn tlian
there Is much more eagerness for the
Rothschilds thought
It is no secret tlmt the Messrs.
in London.
hign,
the Egyptian Government too
the U-mis uisistedupon by
for the contract.
and tliat they were not, therefore, very eager
Bleichroder. He is extremely
It was different, however, with
all his mfluanxious to carry out the conversion, and is using
diplomatically
the German Government to induce it
ence with
to urge upon France to assent.
its assent
The intention of the French Government to refuse
out a few days before the actual
to the conversion leaked
selling of
announcement was made, and there w.os heavy
bonds on account of Parisian operators.
Egyptian Unified

And although tliis was somewhat counteracted by influential
about £3.
buying from CSermany, the price of the bonds feU
markets, all the more
This caused a depression in other
Government
because many i>eople suspected that the French
must have some more serious motive than

is

acknowledged

June
Bates of
Interat at

Junt

21.

Bank

Open

Bank

Hate.

Market

Rate.

3
3
3
3

2M

3
3

2H

8M

2«

Brnsaels

3

2«

4

3M
SH

8
4
4

Qamburff

Amsterdam

..

6
S

On penhHtfen..

The

rates for

m

3
3
3

8

8

money have been
Open market

Bank

3

IX

2H

2

3

m

2«

SH
sa
a

4

m

4

3

e

S
5

3

as follows;
Interest allo^ved
for deposits by

rates.

Trade

Bills.

IK
1»

a

2«

4
e
S

3«

"2!<~

3
a

2«
2M

4

Open

Bate. Itlarkti

3

5i<

w
55

Rate.

2H

3
8

4

PetersburK..

At.

Open
Market

Bank

Open
Market

8

Madrid
Vienna

14.

iH

B-rankfort...

Bills.

Disc't H'se

Ciondixi

1
May

24

••

81

Stock At 7 to 14
Four
Six
Three
Six
Four
Three
Months Months Months' Months Months Months Banks. Call. Days.

9.^

l«31« 1««

- Vii®

®2i^i

®2i.|2

2M32-H

IM-IX
IK-IM
IM-IX

1

®2^2 @2«

-|2 ®2>< 2

-2
m* m m's^a 1«® - \%» «

1

1
2 @2« 2 &IM 2 a2>t
2
1«-1S<
- lT«a-2 82«« <»2«2 ®2« 1
I
1«-1S<
- VA<i - 2 dii^i »2it» a2W 1
" 21
IM 1«
1
2H 9U i«a _'is<a -i«a -2 (a2w2 es^a is2^
of the Bank of
The following return shows the position

June
'•

for

powers.
putting itself in opposition to all the other great
however, was not long entertained, and the
This suspicion,
recovered.
price of the Unified bonds lias already partially
the
recovery was stimulated by the reassuring character of
The
Austrian Emperor's reply to the addresses of the two Presithe
dents of the Delegations, and by the speeches made by

"7

14

m®
m® - \im
- i«a
2m5^

2W
2%

England, the Bank rate of discount, the price of consols, &c.,
last three vears

compared with the

:

1887.

1889.

Everyone is now coming to the opinion that the recent alarmrumors were greatly exaggerated that the Czar is sincerely
desirous to maintain peace that he will use his influence
with the Pan-Slavist leaders to calm the agitation, and that
;

;

£

24.340.980

24,954,2«)

10,508,132

8,988,0711

7,9)2.23fl

t4.4S9.U51

26,239.514

18.014,994

16,753,391

E*rop. assets to liabilities

p.

20,5li8,a'?5.

2^

Bank rate

p. 0,

9S 1-18

Consols

2<!,785,6B8

15,132,109

11,828,320
21,219,430

23,33e,3E9

2H

37«
2HP.0

43

43M

43M

c.

£

86,241,110
8,331.060
24,798.588 23,069,857
15,839,907| 14,583.435

22Ain,92l\ 19,285,928
18,387,218^ 14,01 9,55H
23.936,573 22,160,536

Coin and bnlllon

the Servian Regents will be able to maintain order in Servia.
It is therefore hoped once more tliat peace will be maiutamed,
at east for this year, and bankei-s generally expect that there

£

2i,749,35S

Olroalatlon
Pnbllo deposits
Other deposits
OOTemment seoorlttes
Other seonrltles
aeserreof notes and coin

1888.

£

Austrian Chancellor to the Austrian and Hungarian Delegations.

M

Junt

28.

Bank

P«rl»
Berlin

XUXI

[Vol.

2 P.O.

p. 0.

99 9-18

123,634,000, 96,834.000 131,945,000. 134,921,000

Olearlnx-Honse retnm

I

will be a recovery in the

market

for international securities.

The quotations for bullion are reported as follows

The stagnation in the jVmerican market has become worse
The general public, which for a long time has been
doing nothing, has now become utterly indifferent, and it will
be four d, therefore, no easy task to induce them to deal,
while tlie few who had remained hopeful have lost courage,
declaj-ing that it is impossible to follow the movements in New
York. It seems now as if no increase of business is to be

SILVER.

GOLD.

tlian ever.

Loruion Standard.

27.

June

20.

London Standard. June

June

27-

20.

it.

Bar gold, fine. ..,oz 77
Bar gold, contain'g
20 dwts silver. .01
Span.donbloons .oz.

9

77

9

ing Sgrs. goid.oz.

77 10

Cake silver
Mexican doi*

9 Am.doubloons.oz.

48

oz. 42
Bar silver
Bar silver, contain-

—

42«

42M

oz,

45 5-16

45 5-18

oz.

4m

41'^

looked for until the holidays are over. Of course there may
The following shows the imports of cereal products into the
be a sudden change of feeling, but it appears certain that if
forty-three weeks of the
greater activity is to spring up, it must be brought about in United Kingdom during the first
season compared with previous seasons:
America itself. Other departments of the Stock Exchange are
IMPOKTB.
depressed by the decline that has taken place in the markets
1886-7.
1885-6.
1887-8.
1888-9.
for international and American railroad securities. For the Wheat
OWt. 50,290.897 38,296,080 43,462,6-i7 40,641,214
9,187,526
16 469 978 16,S34,0ll 14,557.556
?. 13,751.417 14,19^,916 1!,35!>,434 9,070,426
Bartey
time being speculation is at a standstill, and investment has 5"ti
2.«i68.215
2,162,703
1,666,511
2,039.494
almost ceased.
But the jxilitical apprehensions are being p„^
2,737,038
2,14-,762
2.7^5.l05
2,308.881
olans
calmed, and tlie interest and dividend payments of the next Indian "oofn" "."...... 24.7(9,175 19,30-,374 24,474.777 24,166,635
month will give rise of course to a certain amount of invest- Hour.:. ..!:".";ii;ii;926:805 15,631,085 14.239.475 H,805,708
ment business.
Supplies of wheat available for consumption (exclusive of

Some

little

time ago the Portuguese Cfovemment gave to a

company a concession for constructing a railway from
Delagoa Bay to the Transvaal frontier, a Dutch company in-

stocks

on September

British

1):

l!<8«-9.
j

1886-7.

1885-6.

42,402.667

40,641,214
11,805,706
37,157,673

1887-8.

Imports of wheaLcwt. 50,296,897 38,296,080
11,9J6,=05 15.611,685
Imports of Hour
Sales of home-grown. 31,657,143 34,461,234

14,2>i9,475

23,08 i,"22
tending to take the line on through the Transvaal. The line
was built up to a point fixed upon by the Portuguese Govern93.880,845 88,388,999 85,837.164 89,584,593
Total..
1885-6.
1886-7.
1887-8.
1388-9.
ment the frontier between the Portuguese and Transvaal terweek. 289. 7d. 3 Is. 3d. 358, Id. 3l3, 1(1.
Aver, price wheat
ritory not having at the time been delimited.
Recently the
30a. lid. 303. Od. 33a. Od. 308. Sd.
season.
Aver, price wheat
Portuguese Government ordered the company to construct
The following shows the quantities of wheat, flour and
eight kilometers more within a specified time.
The company
maize afloat to the United Kingdom:
has failed to do this, partly through want of funds and partly,
1887.
1888.
Last week.
This week.
1,923,000
2,343,000
1,320.000
it alleges, because of the rainy season which intervened.
as
ars. 1,307,000
Wheat
1 .13.000
2011,000
24 >,000
221.000
Flour, equal to qrs.
And now the Portuguese CJovernment has declared the conces- Ualze
353,000
388.000
498,000
482.500
urs.
sion forfeited, and invited tenders for the purchase of the Une.
EnsIlsU Financial Market*— Per Cable.
The proceeding is without doubt very arbitrary. It seems
The daily closing quotations for securities, &c,, at London
likely, however, that some method of settlement will be devised.
are reported by cable as follows for the week ending July 13:

—

The wheat market is rather firmer than last week, but the
amomit of business is not large, and a material rise is not considered likely. With the exception of Southern Russia and
part of Germany, the crops all- over Europe promise well.
And as the promise in America is also good, it seems to be the
opinion of tlie trade that at or about existing quotations aU
the supjilies needed will be obtained.
The Bank rate of discount and open market rates at th^
chief Continental cities now and for the previous three weeks
hare been as follows :

London.
3U[ver,reroz
Con8ol8,new

do

2%

Sat.

d.
percts.

foraccouut

9813)0

BVoh rentes (In Paris)
0.8. 4128 0(1891
0. 8, 48 of

42'
981

fr.

1907

Cana<llan Pacific
Chlo, Mil & St. Paul...
Erie coimnon stook.....
tUlnols Central

Pennsylvania

8375
109
131>4
57

70
2738
llSHi

52\

Philadelphia * Reading;. 24
I08io
New York Central
.

Mon,

rite*.

Wea.

rAuri.

Fri.

42!,8
9-'H

42',,

423,8

423, „

42Sig
989,6
989,4
33-30

98%

83-40
109
131
5614
68 '•8

26 14
115
53 >«
233a
iri't

9811

9811,1
98»irt
9811,,
83-35
•12^! 83-40

9-<I',«
8:

109
131

109
131

1(19

131

109
131

5(1''6

5li%

5719

5713

79%
2«%

71

71%

26 14

•2718

11119
52»8
231a

llOig
5258
2313

117

27 >4
1171«
52'a

•II-' a.

in

iio

O'lrw,

525»
2358

24
lo^^it

.

July

.:

:

,

THE CHRONICLE.

18, 1889.]

4S
Dl V IDBN DSi

e^ommtxcinl and ^tscelUneons ^ents

Tbo

followlni? dividends

have mcontly been annonnc«»l

National Banks.— The following National Banks have
4,052 -The First Nntlonal

Oiorvn W.

Tiiink<<f

GBn«va, Nebraska. Cai>ltal, $50,000.
Prank .f. Mlllor. C minor.

Snitli, Pri'slileiit;

4,503—Tli« iclmster

Biinn iit at. .1 .wo .li, .Vlssimrl. CapiA.laiu N. Sclunter, President; 8am'l A. Walker,

ll,ts. .Valt'iiin

tal, .1i.'>U(l,0Jj.
Hliler.

C

4,054— The TeiitoiitiiNationiil Rank of D;ivton, Olilo. Capital, $200,OiXi.
K'l\v:iril I'apc, Sr.. V esiilent; I^miIh II. Poimk, Cashi'T.
4,035— Til'' F.rnt Nf«llo .al Bank 'if SlmlNIiurt', VViscunain. Gipltal. HaO..los "p C iwlaud, I'ce.siil 'nt; .Toliii II 8 iv.iir". (Jiisliier
Blooiiitlcirt National Bank. New J"r-<ey.
Capital, $,') J,ijOO.
Tlionins O.ikea, l'rc»i<l(>nt; T.ewls K. Doil 1. Cafllilnr.
4,057— The First NMticinal Bank iit Lamar, MlK-oiirl. Capital, .liSCOOO.
James H, Wil on. I*r«-Mi o'lt;
C isliler.
4,0,'>8-Tlie Firsi .Vallnn.il Bank of HcrinKton.Ka'ihas. Capital, ip JO.OOO.
Jolin II 11. I'rBHidunt; F. K. .M lus II. CaHliler.
4,059—The Wasliinuton Nation il Hank of Seattle, WasUlnxton Territory. C.ipiiMl, If 100,1.00. Edwaid O. Grave?, X'resldeni;
Cashier.
4,060—The F.iurth National Bank of Chattanooga. Tennessee. Capital,
:til50.<K)0
J. II. Wiirner, Pre-tdeni; C K. Unskill, Cashl.-r.
4,061 The Farmers' National Hank of Adam', New York. Capital
.•f!«5.<i00.
C. I). Potter, President; <J. \V. Hannahs, Cashier.
4,062—The First Natiomil Bank of Dulilin, Texas. Capital, .'i!jO,000.
II. A. .Smith, President; A. A. Cliapmau, Cashier.
4,063—The Natniiial d,ank of Soith Pennsylvania st Hynrtman. Capi
tal, $50,000.
Joiin K. White. Pn sidini; T. J. Wilson. Cashier.
4,061—The Fii St National B ink "f Fort Pavne. Ala. Capital, *JO,Ot'0.
P. Riee, President; G. E. Lathrop, Cashier.

ODO.

Per

I

4,056— The

,

,

—

When

Book* Olosed,

Oetu.

Payable.

{Daysinelusite.)

3
*1

ITame of Company.

recently been orRanized:

.July
AU)f.

Railroads.
Central Ohio, com. .ic pref
CVntral PacI lie
Ccutra) of New Jersey
(Jnmberland Valley (quar.)
I

lig

2

3

A Mine

Creek

Hill

Hept

5

llluois (.'entral

Mill

JiiTv
Anij.

1 3 July ' 21 'to' Aug.' 'I6.

July
July
Aug.

ISiAug. 2 to Aug. IB

Mllw Lake Shore & West'n, pref.
Mi. Carbon & Port Carbon
Richmond & ret<^rslmr»^, pref

31.J

Wheelluicife L. Erie, prof. (quar.).

1

3h
6

Iiiwuraiice.
Continental

5

Pacific Mro
I'cler Cooper Fire

Aiig.'

'4

,

On dem.
July 13 '.
On

July

3 "a

HtcrliUK Fire

Sept.'

.

3
5

Rutgers Fire
Htandard Fire

'

.

6
6

I'hent X (Brooklyn)

13 to

^S::::::::::::::::::::::

On dem.

5

Fire

3

On dera.
On dem.

3>3

I'arraitu t I'ire

Home

31 July 16 to July 31
1 July JO to Aur 1
liJuly 16 to Aug. 1

Auk.
July

On dem.

.

'13

deiu.

15

.

.

.

July

16,.

July

20 July 10

.YIlMCcllaiieous,
I'MIadclpIiiu ('oinpany (quar.)
behuylkill Valley Nav^^ RR
*

2
2*8

'July

to July

20

10!

Out of the principal of stock.

W

4,065 -The Vernon Nallonal Bank, Vernon, Texas. Ca|)it.al, .$100,000
Alfr.-d M. Britton, President, 8.
Loniax-, Cashi r
4,066— The Canid.n National Baid{, Ca'iiden. Ark
C.ipltal, $50,000.
Chas. N. R X, Freshleut; Cha K. SitUn. Cashier.
4,067— The Fin-t Nation..! Bank of H untavlllc. A'a. Capital, $123,000.
James R .Stevens. fTinident; Joseph Martin, Cashier.
4,068— The Faimers' National Bank of Henrietta, Texas. Capital,
$50,0uo. Jno. G. James, President; F. B. Wyatt, Ca.'hier.

W

.

Imports and Exports for the Week.— The imports of
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
Tlie total imports were S9.f)10,4.j9, again.st §10,044,996 the
preceding week and §9,907,971) two weeks previous.
The
exports for the week ended July 9 amounted to §5,834,40.5.
against §6,340,756 Last week and §4,949,982 two weeks previous,
The following are the imports at New York for the week ending (for dry goods) July 4 and for the week endinsr (for general merchandise) July 5
also totals since the beginning of
last

;

the

first

week

in January.

FOREIGN IMPORTS AT
For Week.

1886.

1888.

1889.

I

Dry Goods

$'.',030,134

5,990,2&1

7,-.!48,117

$2,556,587
7,429.560

$8,026,125

$9,774,209

$9,986,147

$9,610,459

$62,-01,094' $67,227,716
183,191,012; 183.015,857

$70.703.3:i7

G«n'l mer'dlse.
Total
Since Jan.

$2,52«,092;

$2,032,504
7,577,955

1.

Dry Goods

$39,470,686

Qja'l mer'dlse..

16.5.553,3^5

191,910,163

Tjtal 27 weeks, $225,024.01 1 '$2i5.892.706 $250.243.573 $262.613.5f0

In our report of the dry goods trade will be found the imports of dry goods for one week later.
The foUowing is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 9 and from January 1 to date;
E.1CPORTS

FROM NEW YORK

1886.

For the week..

$5,543,025

?!6.812,76l

152... 37,5 V2

150,496,828

.

Frev. reported..
T'tnl 27 weehf

TUB WEEK.

I'OR

1887.

1889.

$5,214,657
145,964,591

170,673,481

.$5,834,405

shows the exports and imports of specie
New York for the week ending July 6 and
since January 1, iyS9, and for the corresponding periods in
1888 and 1887
at the

table

port of

EXPORTS AND IMPORTS OF SPECIE AT

NEW

YORK.

Export*.

Great Britain.
France

$

1,3l>3.828

.

.

.

758

3',i.88S
93,6.'.l

76,200

5.205

488,779

$6,000 $40,722,764
86.789 15.004,5H5
169.025
5,936,800

All other coimti-les..

$5,963

367,097

$3,754,924
4,314,672
5,576,142

Exports.

Week.

Great Britain
France

,

Germany

$83,000
3,OuO

West Indies
Mexico
Bonih America.-."']
Total 1889..
Total 1888.
1

aa?

mnceJan. 1.
$9,543,939
I4o,3o0
1.075
135,688

139,609
173,Oj5

AH other countries.

$91,000 «10,1 33,646
,

257.

-'18

316,373

4,434

&

&

•—Messrs. Maitland, Phelps & Co. offer §500,000 of the East
Tennessee Virginia & Georgia Improvement and Etjuipment
mortgage bonds at 93 J ^ and accrued interest. The company
has been earning a large surplus over its interest charges. See
particulars in the advertisement.
Messrs. Coffin & Stanton are offering (subject to sale) a
few Village of Barre, Vermont, sewer bonds. The total debt
of tills town Is but §75,000, while its assessed valuation is
$1,700,000.
Investors looking for town bonds will find the
advertisement in our columns.
The probabilities are that the losses incurred by the regular
life companies at Johnstown, Pa., have been greatly exaggerated. The estimated loss of the Pennsylvania Mutual Life
has been reduced from $17,000 to §11,000. So with several
other companies.

—

Shares.

6,oii6,o78
5,0l-',777|

Week.

gj^nTilri0

SiiuseJan.!.

WE

40
*988j
3,160
8,M7ll

85,810
45.752
38.063
582,481
*820,83-i
1,021.621
l,0o3,945

Of the above imports for the week in 1889 $994 were
American gold coin and §800 American silver coin. Of the
exports durmg tlie same time |6,000 were
American gold
com.

130 Merchants' Nat. Bank..l62'«
133
30 Ninth NatlcinBl Kank
10 Second Avenne RR. Co.. 98
$5,000 Buf. Brailford

I

burg RR.
I

& Pitts-

Conv.
100
Mutual Fire Irs. Co's
122
10 p. c. Ctrtiticates

7s,

(

Co., 1st

1896

!r5,000

ami

ffiaaucial.

OFFER, SUBJECT TO SALE OK ADVANCE IN PRICE,
,
S^ -r

o ooo

$68,132
598

800
148

Shareti.

15 Vark't .k FuU'u N. Bank.202
10 National P.ark Bank
242'a
28 Cenlrcl National Bank .141^
40 N Y. Piov.it Boat RK.Co 249>4
5 New York County Bank .445
35 Hamilton Ins. Co
s9is
20 Maniir.ct Bnild's' Ins. Co.l05
10 Niagara Fire Ins Co
154
10 Hiulsoii Riv.Baiikof N.YM47:ii
3 Chemical Nat. Bank
4,060

Imports.

Silver.

Tof.i«l

1,313,405
119.712

1,681. :i42

6,000

—

Messrs. Grant Bros, and Turner, Manuel
Co. oflfer to
investors at par and interest a limited amoimt of Spokane
Falls
Northei-n Railway Co. fltst mortgage. 50 year, 6 per
cent gold bonds. This road of 130 miles forms a connectmg
link between the navigable waters of the Columbia River and
the main line of the Northern Pacific RR. There is no debt upon
the road except these first mortgage bonds, which are issued
at the rate of §30,000 per mile.

;

Since Jan.l
.$3^^0,561

3,557.099
26,500

Mexico.
South America
Total 1889
Total 1888
Total 1887

Week.

23,1148.032

Indlea..

—

—

$1'.',333,591

Germany
West

Since Jan.l

—

Auction Sale.s. The following were recently sold at auction
by Messrs. Adrian H. Muller & Son

Imports.

Gold.

Week.

&

—

1888.

$158,080.5«7 *137,309,589 $151,179,248 *176.507,8-i6

The following

—

Messrs. Dow, Jones
Co., who have shown so much
enterprise in their financial news agency, liave now expanded
their daUy circular into a handsome four-page afternoon
paiier, entitled Tlie Wall Street Journal.
This new candidate
for public favor comes upon a field comparatively unoccupied
as the financial dailies are all issued in the moi-ning and if
it does not "parallel" too closely any one else's line of business,
and is managed with the accustomed energy of Dow, Jones
Co., there seems to be every reason to bespeak for it a hearty
support.

&

NEW YORK.

1887.

—

The officers of the Brunswick. Ga., Land Company have
issued a circular letter to their st<x;khol(lers showing the
result of operations for the first year and a half elapsing since
Most of the "Brunswick Company's securiits organization.
ties are owned in the North.
The rejwrt shows that the
landed proi>erties owned and controlled by the company have
been cleared of indebtedness, and the company now has a
cash surplus in its treasury of §43.800, along with local securities with a face value of over §400,000.
And the company's
area of city property has doubled since organization.

VILLAGE OF BARRE, VERMONT,
4 PVR CENT SKWliK H<t>DS
1809.

DATED

JULY' 1. 1889.
Denominatiou $)

,000.

DUi; JULY' 1,
Coupons January aua July.

Real valuation ol i>roperty
Assessed tor taxation at

«1, 70*1,000
$il, 700,000

!?75,CKK>-

Toialil.-bt.lneludiii!,' this i-sus

Population

Bonds

':

will be delivered 10 purchasers.
R spcctfiUly,

COFFI%

A.

4,200
Wire lor price at our expense.

STAXTO.V,

BAXKERS,
72

BKOADW.AY,

I>K\V

VORK.

:

THE CHRONICLE.

44

ghc
ly

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, soiling ^a''S>i<i premium: Charleston, buying par, selling
Ig premium; New Orleans, commercial, 23c. discount (^ j^ar:
l»nk, SI premium; St. Louis, 50c. premium; Chicago, oOc. dis-

gaulicrs' CSaxttte.

For diridritdi tf previous pngt.

WAl.l. KTIIKKT.

The Mouoy Mnrkct

anil

FBIOAV.

.Inlr IJ.

lSS».-5

Financial SUnation.— At

P.

count.

M.

the Stock

ExcliauRe there liave iK-on rapid changes since our last report
down
—first a clepressii.n which carried somH prominent stocks
a
to the lowest |xiint reached in several weeks, and afterward
sharp rebound in which Uiey went higher than before the debut fell off again to-day. Tlie chief cause for the weakness
was the difficulty about ratf s at the West and amons
the trunk lines, but when meetings were held both East and
West on Tliiirstlay, and terms of agreement were reached
at botli meetings, the scene shifted, and shorts climbed rapidly.
to cover their contracts, with the usual result of advancinK
prices.
If the pre.sent agreements are perfected and adhered
to the rate situation will be much l)etter than it has been for a

—

United Stales Ronds. There have been very few transactions in GoverniiiPnt bonds at the Stock Exchange this week
aid prices are unchanged. The Treasury purchases have been
somewliat smaller this week than last, amounting to only
$688,100.
The statement for this week is as follows:

cline,

4^ Per CenU

in Htoclw

long time past, as the jxjnding uncertainty has been a cloud

hanging over the market. The cut by Grand Trunk in
Chicago to-day we can hardly believe to be permanent, as
the representative assented to the trunk line arrangement
but all the same it had the effect of kn<x;king down prices.
The arrival of new wheat in considerable quantities has
been the signal for a break in the price of July wheat in
Chicago, and in the prices of future months to a less extent.
This may be an excellent thing for the markets, but it is not
good for the farmers
and if the operators in wheat
wish to force high prices it is far better for the
country if thev will
do it between July 15 and
November 1, so tliat farmers can get the full Ijenefit of the
ri.se and have a tietter chance to realize a sufficient profit on
their crops to pay the mortgage interest on thoir farms.
Hutchinson's corner of September, 1888, and the high prices
of following months were disastrous for a majority of o])eratora and also for commission men, but they gave many
farmers a hanilsome profit. The receipts of wheat from
Kansas. Missouri and other States ought to be large from tliis
late, and the railroad earnings should reflect the movement.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3'^ to 6 per cent,
and to-day the rates were 2J^in3;i percent. Prime commercial
paper is quoted at S^.^mo per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of .t'T26,(XH), and the jiercentage of reserve to
liabilities was 39-O.j. against 41 -.M last week; the discount rate
remains unchanged at 2]4 pet cent. The Bank of France
gained 22,9.50,001) francs in gold and lost 3,600,000 francs in
;

sUver.

The New York Clearing House banks in their statement of
July 6 showed a decrease in surplus reserve of $2,574,200,
the total surplus being $5,018,023, against $7,!)92,22o the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
:

1880.
Jnln 6.
Oapltal

.-..->,O!»:t..-,00

Ix>aii.H

aud dlnc'tg.

Kpeclp
drciilation

1888.

Frev. Week.

00.71)2,700

PnrpluB

Diffr'yiesfr'n

July

i

'

1887.

7.

Jttty 9.

60,762,700
50,611.500

$

42:|. 1O5.000 rno. .5,iU6;70O 380.476.700:360,173..Vo()
7J.l.i.)..l<H)Ilic.
842,900, 90,979,700 77..530.10lt

.

6.100'

7,711.300
,,'J!i;'i*-}'^""«'8,120.:JO()
Net dejiOHits
^'"'••^'''"'•**'*<'
Legal tenders.... H-;-.',;' '.;"!" Dm 1,969,-100 *13.910.800'369.0(I7.((0(I
4.i..n2,100
.|
36,81'l,800j 21,074.1(10
l«gal renerve
.111.449.375 Inc. 1,447,700 103.477.70o! 92,251,750
Bcscrvc held
.ill(i,4b.,400 Dec.1,126,500 127,794,.500
98,604,20(1
•

•

Burplus

"

i

re»<.rvc^..J

5,018,O25^r)o<\2,574,2O0l^4,3l(^80o:

6,352,450

Exchaiige.— The steriing exchange market has bren
rather
Saturday
To^^L n .?^ f"'' ? '^ drawers last a reduction was made by
''"*'''"*^
of J^c. in the posted figures to
?^12 ?'^
corre8i)oud more nearly to the actual
rates!
There is Uttle
deinand from remitters and the business has
been
li-^ht
In
additK.n there i.s said to be some
pressure from bills draw
aramst future exports, a transaction wliich
grows out of the

*' '"^'"** «"''*

to^rrow,

"^^ engaged to-day

for shipment

_2^eratai of lemling bankers are as follows:

Primo baiik.i

s'

Sixty

.-tprllng hills

on London.

l.il

Saturday

...

tSl.MO

Monday

»83,500
35.800

S5.800

Offerings, Purch'es.

Prices paid.

f

ioe%

»5,30O

t

3,000

106J<

Tueaday
Wedn'sday.

125.000

125.000

I06«

335.000

835,IX)0

lom

35.300I

Tbnraday...
Priday

54.100;

51,100
6',700

I0«7<

3.000[

Total.. ..
Since July 1

Bl,7oo|

085,100
2.857,800

085.100
'

The closing

SOO

loejd

2.700

2,T0O

las

106T<i

49,300

S,05o!

128
188

ioa?<

Interest

July

Periods

3,700'

'

Board have been as follows

prices at the N. Y,

S.

July

48,
48,
6s,
6e,

1891
1891.

July

July

July

9.

10.

11.

12.

•93
cui'cy,'93.

cm'cy,'96.

Q.-MoU. '100% 10634 10634*106% *10G% •106%
i,,.j-»
Q.-Mcb.i'106%
Q.-Mcb.i'106%' 106%- 106% *106% *106% *106%
Q.-Jai .'* 1283a 12838' 128% *128'4 12812 *128i4
'.-Jan
reg.
ooiip. Q.-Jai
.^an.'*128% 1283s' 1283«*12?i4 *128i4 *128i4
/ 118
rest. J. & J. 1*118
118 ,*118 "118 -118
121
121 1*131 *121 *121
..I'CK. J. & J.i*121
124
J. & J.1'124
124 1*124 *124 '124
128
128 i*12:t *128 *128
.retf. J. & J.i*128
.re?. J. <fe J.l*]30
130
130 *130 i:io *130
'

.iCK.
coup.
p.

1907...
1907...

:

July

I

4i2»,
4I28,

US

,'

_

'

,

,

tis,

ciu'c.v,'97.

68, cur'cy,'98.
6b, cur'cy,'99.
*

This

la

'

I

'

1'

the price bid at the moniinK board

;

no

sate

was made.

—

State and Railroad liomls. There has been more business
in State bonds this week than for some time past, the sales
including Louisiana consol. 4s at 89-i<; Tennessee settlement
33 at 7334 ((7478; Virginia 6s, deferred, at 83^ ((8; Georgia,
gold, 7s, at 102}.^; South Carolina 6s. Brown consols, at 103;
do., non-fnndable. at 4'^; Alabama, class A, at \(li%.
Railroad bonds have been dull and devoid of special feature.
The course of prices has been somewhat influenced by the
fluctuations in the stock market, and hence an irregular tone
has prevailed, with weakness as the prevailing tendency in the
early dealings and a better tone later. The only class showing particular activity was Milwaukee Lake Shore & Western
extension 5s on Thursday, when they advanced over one per
,

cent.

—

Railroad and Miscellaneous Stocks. The market has
again been disturbed by the rate situation and by liear pressure, especially in the early part of the week, when prices
were quite unsettled.
But later, when a fair prospect
appeared for the settlement of differences, the shorts began to

which immediately started an upward movement, and
earned nearly all the leading stocks higher than they were
before the week's early decline. Important meetings have been
held this week by the representatives of the roads in the InterState Association at Chicago and the Trunk Line presidents here,
the latter to consider the conditions growing out of theB.<StO."s
cut in grain rates. An arrangement was made with the Chicago
Burlington & Northern, which has been the principal disturber among these roads ever since it was opened for business.
The C. B. &. N. agrees to join with the other roads in meeting
comjietition of Lake Superior lines on through business while
sustaining local rates. In regard to the trouble aniong the
Eastern lines, the Joint Executive Committee of the Trunk Line
and Central Traffic associations have agreed to restore rates
July 22 on all grain, e^c, except corn, which settles their difcover,

ferences for the present, unless the Grand Trunk cut is serious.
The clearing up of the situation to this extent had a stimulating effect on the whole market, and on Thursday caused a
decidedly buUish tone all around, but this strength clid not
hold on Friday, when prices .-a.gged off again quite materially
and at the close were near their lowest figures. Tliat the short
interest had been quite large was shown by the fact that several
of the leading stocks loaned at a premium for a while.
The grangers as a class have been the most active, and have
fluctuated as the above remarks indicate. There has been no
special feature in any of them. Lake Shore has been the only
active stock of the Vanderbilt group, and declined in the early
part of the week, but later l)ecame very strong on the improved rate outlook. Atchison was also a sti-ong feature, with
a good demand from Boston, the recovery doubtless being
stimulated by the covering of shorts put out on last week's

on Friday it was off and closes at 37J^.
matter of no little importance was the declaration of a
dividend of IJ^ per cent on Central of New Jersey, the first

A

Demana

87ia'4

i-87
4 84%®4 85
341554 ^^^\

88i3»4 89

I4

vrankfuHorbrcu... n(V^i.;h^Krtoi:;::::;:l

""

Day:

a4

-

imncrolal

'"''"^;^

4 Per Cents due 1907.

dtie 1891.

Oferlngn. Pureh'ea. Prices paid.

decline; but

July 12.
ij'"
Do.
Pui

[Vol. XLIX,

tt^ttk"

I

"^Uii.i^^

business were as follows vW
nJ^lt'''"'" 1,'V'
^."?,''.?'^ !^.' 'l^vs; steriing, 4 86 w4 861^; demaiid,4
ST^^Jge'
^^'''«i »>il4Commercial bills were 4 85. Contii,^"" "
nentel bdlfl\vere: Francs, 5 18i^ and
5 15s
reichsmarks, 951;,'
'^'"•'»'

@95^and»5ti._a95?i:guilders.%0i^@4;;'j4-nTS;%@'«^§.

•

since 1884.
The trust stocks have been less active this week, though
some interesting features have developed in connection with
them. Tlie decision of the General Term of the Supreme
Court in the minor branch of the Sugar Trust case was rendered this week, and technically sustains the appointment of
the receiver of the North River Sugar Refining Companv; the
main point remains yet to be decided. Lead was depressed in
the latter part of the week by a statement which showed the
capitalization to be much larger than generally supposed.

J

.

JCLT

1

THE CHllONICLR

18. 1&S9.J

STOCKS-PRICES AT

45

JULY

STOCK EXCHANGE FOB WEEK EMDING

N. Y.

HIGHEST AND LOWEST PRICES

AND SINCE

IS,

Artlv« l(K. Slockn.
Fe

Atflilsoii Top. it Siiuta

112
|

K istfi-n

."Ills

Illinois
iircf...

Do

& Northwestern

Do

prcr.
CUicafto Rock Island & Pacillc.
Louis & Pitt-tburK.
Chiea«op!t.
pref.
Do

& Om...

Paul MIn

St.

Do

44-%

33
*7()
141-2

17

& Terre Haute
Green Bay Winoua i St. Paul.

Evansville

Michiir.'i n

72

:

I4I2

7

!

9ii

114
I6~8

60

iiij" "iiijaj

...

40

oousol..

97

&

Sh.

West..

Kansas&Texas

Missoui-i Pacific
Mobil.- .t Ohio
Kasliv.Cliattanooi?aiSiSt.IyOui.s

"O'j'ia

New York Central & Hud.sou.l
New York Chic, it St. Louis...
Rew

Do
Do

itu
•93%
105%

pref.

Y'ork Lake Eric & West'u
Do
pref.
New Y'ork <t New ICusland
New York Ontario A West
New Y'orkSusquehau. A: West.l*
1

Do
Norfolk

pref.

& Western

Do

i

pref

I

Do
pref
Ohio & Mississippi

j

1

I

8I4I

1

Oreirou Short Line
OrcKon it Traus-Contlneutal..!

*4.4.

Pe(U-ia Decatur it livansville.'
Phila.it Read. Vot. Trust. Cert.

»2l
46i4

'

Mchiuohd&WestP't Terminal

Do

33%
23"'8

et.

Paul

& Duluth

Do

!

St.

& Manitoba.

Louis

Do

lTliHoellaiie4>ii*«

17 14

8

50
27

4638
3338

5 1) '4

16%

13^8

68

68

217e

22%

I

28
67

27 14

6358
215s
•45

33

80

98%

18%
57%
15%
28%
67%

•146
1X5

American
United States
Wells, Fargo <t Co
liiarllve Stockn.
American Tel. & Cahle Co
Ciiicaxo it Alton
Clevc. Cinciu. Chie.

Do

New

it

Y'ork

Ohio Son hern

Ac

21%:

19 14
57 ~s

33

80=8

149

'87

89
133

I

17

8%

67%

67=8
•21

22

46

51

22-58

50
47%|
23%'

80%

79

57
112

30

30
88

30

88
101
19% 19%>

58%
13% 13%^
29% 2958
5778

687e

69

22

23

23

00

5959

59%; 57%
•30
31
87
86%

i

_

-

16
51

150

1.50

150

:

150

89

89

88
125

88
125

j

;

[

41%
14%

1,534

79
103

221

300
1,0,53

230
500
1,750
6,963
59,203
1,180
5,

.Mar. 19
143iMar. 23

Jan.

13,640

34

31

1,020

21

150
117%;
91% 92%;
140 140

I

5;

9% Feb. 12
3314 June 12
18 Feb. 1
53% May 2
30% June 1

Mar. 16 68% June
1934 Mar. 19 24
Feb.
39 Apr. 23; 58 Mar.
30% .Ian. 23 164% May
21 June 20 28% Feb.
42% Mar. 29 50 Jan.
22% Jan. 26 27% Feb.
76 Jan. 26 8134 June
93 Jan. 3 104% June
19 Apr. 1 30 June
53 JIar. 19' 6678 .Ian.
104 Mar. 18 114% Jan.
934 Apr. 11
10% Jan.
82 May 10 93% Jan.
92 Apr. 17 103 Feb.
17% Mar. 18 23 Jan.
67 % Mar.
56% July

3

11
6
17
13
15
13

7
15
12

2
12
14
18
1
14

4

1678 June 11

Jan.
Jan.
Jan.

Juno 10
71% Juno 7
30-58

59%
21% July

2514

Jan. 16
Apr. 17
Jan. 21

Juno27

62

June 7

36%

Feb. 11

May 23
130 -Mar. 18149% June 18
42% Apr. 5 72% Jan. 16
75 Apr. 10107%Jan. 30
80%

I

1

58%

12%

1,300

33% June 25
19% Feb. 7

.Mar. 11

23

59

149
•115

Jan. 4
Apr. 1
Jan.
5
Apr. 18

30%

24

55
912
1

IO-'-b Feb.
4
Feb. 4
4434 Feb. 2
30% Feb. 18
71% Apr. 26

77

3

July 10
July 8

47%

2,200

86 14
86% 2,692
145% 145 143% 145% 145%: 2,361
600
55
54
33% 33
56
93 96 95 98
97
225
97
96% 9634: 96% 97
32
32
32% 32% 32%; 4,612
607
187
184% 184% 183% 183%
86
85% 8534 84% 85%l 14,813
86

61

900,

19
19%
57% 58%
13% 15%
28% 2934
68% 68=8
24%

68%

30% 30

7%

9

16% 57
110 1
•25
30
82 85
101
101

•82
'100

100

80G

26% 27%

7

37
112

27
112

23%

27% 27=8 5,720
63% 647fl 38,070
22% 22% 2,930
300
48
48%
32% 33% 1.990
3C0'
2II0 22%
43% 47 |1 13,343
23% 23% 8,080

65%

'26

18.600
2,370
65,220
2,288

32% 32%

14

33% 33%
21% o.»
2358
81)%

17%

103% 103%, 102

18% 19%
58%
16% 16%
29
29%

29

21%
-49

.•)7'4

15%

6414

6434
5158

'8%

6734.1 an.

85

31%
tl71

83

92;%

Apr. '23 102
July 9 40
Mar. 19 '205%
Jan. 2i 88%

Mar.

6

Feb. 7
Feb. IL

June 8

184 14-1% Jan. 2 133 Feb, 4
24'>109 Jan. 10 120% June 6
1,412 73% Jan. 4 93% June 5
85 134 Jan. I9I146 Juno 18

|

I

,»127

133

!

130

1

88% 88%!
127
60

L..'
I

29

Hart

-29

30

30

i

252% 2.52% 250
16% 16% 16.

I

Philailelphia Co., >at. Gas!!!!
Pittsburs A- Western, pref
tjulcksilver MiuintjCo

Do

64%

101

186 35

49-%

17 14

'147% 151
116% II714II714 115%115% '115 117
9134
91% 92
91% 92
91% 91
'138
140
137 142 •138 142
142

148
116
91
136

64 14

10% May 20

2,221

17
72

I

Pembrolce

New Hav.

[

145

«i38
131

it St.

I

91%

g'l

!

pref

Kingston

149
115

8%

55% 57^

110
•25
•82
99

88

98

26% 26%
64% 65
50=8 51%
17

102 14...

Chicago Gas Trust
3978 60 14
5958 59%
58
59% 58%
Colorado Coal ,t iron
•29
30
30
29
29
29% 30
Consolidatfd Ga-s Co
86I4
'86-'58
86
87
86
86% 86
Delaware .t Hudson Canal..! 145.'-8l46
145
14434 145>4
'55" 53
Oregon Improvement Co
•53
52 55 53"
55
Do
pref.
90 93 92 P5 •93
Oreeon K'y it Navigation Co. •94
94 97 '94
97
96
96
Paeittc Mail
81%
33
33
32% 33
31% 33
Pulluian Palace Car Co
•185 187
185 185
183 ISO •185
Western VTuion Telegraph
83% 86
85
85% 85 14 83% 83=8

Kxprfcm SKx'ks.
Adams

17%

21% 21%
46%
23% 23 7s'

56%

82

67=8

507s

4534

461s

112
30

>23

21% 21%'

63

68

33% 35%
26
26%

I

,50%

26% 26% 26

15%i
28 %j

26%

16%

1678|

70
37%;

•31% 33
•14
16
16
.5014 50 14
.50% 50%!
27% 27 14 27% 27=8

7934 79%
103 103

98% 98%
18% 19%
56% 58%

5H4

•14

23

56

•3">

8I4

23% 23%

30
88

*83

17

32% 33

111% 110

30
I

50%
26%

45">8

23-58

2
14
6
14
1145s June 18
36% Jan. 16
22% June 3
(51
Mar. 7
35i8juue 3

55% 53%

;

"

16%

16%
68
33

49%

16

31

55% 53%
111

26%

63%
21% 21%

79
79
IO214IO3
27
27
i

1614

68
33
26
63

72
38

63 14

21

Highett.

I

HH

31% 32

3038
2738

Lowest.

'8Uareii.

14.219 (2% Mar. 16
I13'ell4l2 113% II414I 113 114
34 14 34 14
412 33 Mar. 29
3iKi 31%: 31% 33
20% 201.2 20% 2058 7,260 15% Mar. 2'
20
20
4,0O6 56% Feb. 26
56% 5M
37^ 67'4 .57% 39
33
1,320 -29% Feb. 27
34
33
83
33
•r.IOO'V.
99% 101% i»9% 101% 81,2.'i5; H9% Mar. 26 111% Jan. 15
44% 41%; 43% 44% 5,900; .10% Mar. 20 45% June 26
4 lie,
102 14 102% 102%' 10114101%!
1,054 91% Jan. 9 104% July 2
68% 701., 67% 701.. 238,770 60% Mar. 16 7514 Juno 9
.,,.s lis%!
108>.2' 10109% 106% 10914 7,361 97 Feb. '25 117 .May 24
10(1
Kllil* 107
107% lOsUji 106% 108% 70,600 102% Mar. 27 111 Juiic 7
140 142
63 135 .Mar. '29 143% June 8
138 142
140% 141
0334 94%
113
92% 94% 40,96M 89% Mar. 26 101 14 May '27
94 >4
14 Jan. 15 19% Feb. «
13% IfiU •13% 16
l,200j 33
37
37
Jan. 21 42% Feb. 6
3614
33
32I4 32'i.
32% 33
32% 3314 3.150 30% Mar. 18 37 .Mav 23
200' 89
91 96
*91
Feb. 13 KMIU May 27
9i
94%
6,300 91-%Jan. 9 114 July 11
113% 114
113 113
113 U35g
910 .33% Jan. 4 74% Feb. 14
70% 70% 70
70
70»4
70
•15
I4I4 I414
960 13% June 20 2MI4 Feb. 7
15
15
15%
141'8 145% 145% l-Ki
144% 145% 51.680 134-% Apr. 3 118% June 19
'16
I6I4 I714
70 13% .Mar. 18 Is June 7
17
46% 46% 45% 45% 3.192 42% .Ian. 31 50 June 12
46
2.51'-, 15
'22% 23
Jan. 23; 25% May 28
23
23% 22% 23%
10% 10% 10% 10% lO-ig 1058 •2,570: 8% Jan. -23 11 June 1
•73
•73
•72% 74
63 Jan. 28 76% June 1
74
74%
308 20 Apr. 24 25% June 14
23% 23% 23% 23% 23% 24
100 86 Jan. 30 97 Mar. 4
93% 93%
93
*5
lOOj
•r>
4% Jan. 3 7% Feb. 8
6
6
1,425 106 Feb. 13 117% June 5
113 113
113%114 413% 114%
1,619 16 Jan. 20 20 May 28
16% 17'4 17
17% 18
18
700 51% Jan. i 62 .May 28
38=8 58%
59% 59% 59
.59-%
102
102% 1027a 101% 102% 104% 61,25t, 99% Mar. 18 107% June 12
•92
145 !IO%Jaii. 14 96% .Mar. 4
.v92
93% '92
93%
94
69 14 69% 68% 70
17,683 56% Jan. 4 72i4Jiuiel2
68=8 69%
•39
'38
300 37i4Jan. 7' 49% Mar. 8
42
42
39% 397f
1,169 90 Jan. 3 109% .Mar. 4
95% 96
96
96
96
95
'88
435; 84% Mar. 16; 92% June 12
89
89% 89% itO
90
9II4 91% •S9
230 31% Jan. 7 95 May 27
>89% 93
92
1,435 91% Jan. 7,11778 M.i"y 28
1 13% 114%
113% l'I4l4 •112% 114%
10 June 10 14 Jan. 14
'10% 11
11
11.%
69
69% '69% "io-i\ 67»4 70% 35,753 64% -Mar. 29 77 June 6
200
8 Jan. 11 13
•13
July 1
13 14I4
8178 Jan. 12i 99 June 12
•94
9634
96% 94 '"96%; 94
•2,8(il 105
July 8 110% Feb. 2
105% 10334 106 1061.) 106% 106%

8

14

16

23I4

•28% 291a

Stocks,

11

64
64
49 14 50
17
17%

49%

33

19% 19%

Whcelinx * Lake
Wisconsin Central Co

•35
23=8

43% 46%

99 '8*

59

89
93

68

72
38
26
64

22%
47%
23%

90

15%

Pacillc...
pref.
Erie. pref..

it

iHi-h

34i->'

37

99

•94%

4618

112
33

85

pref

Paul Miimap.
Texas A- I'aeilic
Union PaeiUc

St.

Waba.sh

x56

I4I4

21

RomeWatertowuitOgrtensb')?! 103 103
Louis & San Francisco
'27^ 27%

no
'30

69%

I414

63% 64%

65
22
49

pref.

pref.
1st pref.

•10%
11
69%; 68%

8

8

•14

10

St.

Do
Do

113%

31% 32

331-5

50%
27% 27%,
(S4%
21%

i'12"

105% 103% 103%
16% 16% 16% 1H%

!

331-1

Northern Paciiie

11
6S38

17
*.i9
72
•33
38
26%I 25%
26
64
65
63%
49^8 5058' 49
• 17'J8
17%| 171.1

*l4io
50I2

5

103

35

*8

5

40
97

•12% 15
-93% 96%

1414
9(i%
103.%

23

92% 92%

40
97
89

45
96

114% 114%

701.2'

22 'h

111% 112% •111% 113
16% 16% 16% l(i"s
53% .38^8 58=8 587„
100% 101% 10158 102%
94% 94% 93% 93%
67% 68% 68 14 68%

89%

*10
*69

Istpret.

2d

1.2

461

23

6%

1;

1889.

37% 39%'114.127 36% July 8 58 Jan.
I,'2(K)
•6% 7
«ia May 14
8%.Ian.
l,3.30l 47% Mar. 16 57
June
.53% 5414
6,675: ,50% Jan. 21 50% l.'eb.

^
.551.1

.5314

1,

Week,

!

10%
•72% 74%

74
24
x92% 94 14

40%

•H'.j

53 '1
53

of the

.

32
93

45

96

91
114

'

32

32

22=8
'10

•72
•23

Jiily 12.

7

5516
)3

1

i

72

10

9OI2

pref. '112

Missouri

2(1'..

58
MM

141.2 141«
15
13
143»8 14458 144 % 143 '1
"lU
17
16% 16%

•40

45
97

•89

Do

93
70

70

3%

0%

lOl^alO'i's'

'en 1 ral

Milwaukee Lake

32%

10

•5858

pref
Mich. Southern.

Loul.sville

(.

32 14
92

39 '4

80ae

Friday,

,

20
58
33
43-%.

22% 23

lO'e

A- Nashville
.New Alb. & Chicago

55 14

97%

10
74
24

'1121.2

Western

Mauhnttau Elevated,

7

111% 112% 112%113

Lone; Island
LiOiiis,

38

(>%
531.1

441c

4714'

•5I2

Illinois Central

A-

3SV

IM'-i

"98»8;

231a

•72
•23
•94

1st pref.

Do

3414I

58

23
10

-id pref.

Lake Shore

52^ 52%
112% 113

*4«l4

in-ef.

it

I

1443t. 145141

Denv. Te.t. & Ft. \V.. Vot. cert.
East Tennessee Va. & Oa

Livke Krie

«%
.5518

2014

5-38
•30

37I2

97%

II3I3

113

Columbus Hockiutr Val. A: Tol
Delaware Laeka wanna vV West;
Denver & Rio G., as.se.ssiu't pd.

Do
Do

38M

431-!

33

P"''-

Ciuelu. Ind. SI. LouIm A- Cliic.
Cleveland (-'ol.Ciii.iVIniliunap.

Do

'

8.

Hi:)% 103% 102 14 102% 101% 1'
•iliij
«7'2 (18 -is
m^i (>(!% I,,',
llOis llOiH lo.'jio 1(17 12 103
107
10.->% 10li% 104% 1051.2; 1035s lOH:^
13!)
110 •138 140
137 llA)
9214 iy.vw
9>% 93% 92
93
•12
Kiiu •131.2 I6I2I
1312 Kii.j
34ii3 3412 •3 lis 35I3 •33% 35

pref.

Chicago

521a
111

34 14
20

32
09 >8

44 13

!

ChicaKo Milwaukee & St. Paul.
Chlcaco

I

3413

20 M 20 >4
r>SH 58 '4

iKt pref..
Do
'Jdpref...
Do
Bnrlinirlon & fjniucy.
CliicaKo

Do

55

Wednesday, Thur«day,
July It.
July JO.

Tuesday.
July 1».

7
55

fi'H

112

".J3ia

do
do

iSi

30^8
I

52Ta

Sontl»?rn

Contral of New .Torsey
Central PaclHi'
Chesajieak" &(>.— Vot.Tr.cort.

Cliloaxo

July

33% 39
7
7
55%

.

Alliiiillo .<c I'lifillf
Cttiiail Ian Paritli'

Canada

Monday.

Satnrdny.
July «.

1. 1889li

Ranee Since Jan.

Baleii

—
;

STOCKP.

JAN;

pref...!

l'?"

73

40
6
37

6%

•5
i

3:1

73
41

40

41

•27%

6%

2;)

250

230

•13% 17

76% 6I2
39% 39%
•6

•

6%;

1

0618
"as
_.
29
27%
Zia^a 24978 '245
*16
17
*l&
,

I

41
*6

•37
*37
39
39
46% 47%: 46% 46%' *46
29% 30
29% 30%[ 30%
31
32
31
31% •31
40
38
39
39% 40

'37

6%

38%

127
607,
9634

•27

.52

245

17
41

37

39

6%

i'27%

59% 60%
96
96%

29

•39

6

127

29
253

16% 16%
•39% 41

5
75; 80%, Ian.
729I123 .Mar. 26
90 59% July 12
2,000 96 July 12
27 Jan. 4
'203 241% Jan.
7
300 12 Jan. 24
150 72 Mar. 9
100 30 Jan. 31
'200
5% Jan. 30
35 Jan. 30
2,500 44 Apr. 15
6,050 21% Apr. 9
Jan. 28
1,'250 21
8,513 31 Jan. 23

Louis Alton A- Terre Haute.' 4634 47
47 12 •46
47% 46
46%
Southern Pacific Co
30
32
30%
31% 31
31
32
Ann Arbor & N. M
30 32%
32
31
31% 31% 31%
Tennes.see Coal A- Iron
39I4 40%
33
39% 40% 39
40%
'IriDit.MoekM. (I'nll.sted.)
Suear Refineries Co
1157, 117% 114% 116% 112% 114% 118 115% 115 116% 108% 115% 60,'285 81 % Feb.
National Lead Trust
32 14 .32^8 31% 32% 31% 32
81% 32% 29% 3178 •25% 29% '292,979 19% .Mar.
American Cotton Oil Trust. .1 56I4 56%
53% 56%: 35% 35% 55% 36% 55% 56% 53% 55% 42,830 48% Jan.
Distiller.*' it C^ittle F. Tru.st..
3.9H9 41%Jnly
42
43% 43% 4378 43% 4378 4378 4378 44
43
43% 44
American Cattle Trust
•17
18
639 16 July
16%
18% 17
18
18
17% 17% 16
18%, 18
Pipe Line Certilleates 5
90% 91 14 90% 91 %i 90% 91% 91
92% 92 1» 92%1 91% 92% 2.2X4 ao 80 Apr.
These are prices bid and asked no sale roide at the Board. ICaah sale.
{Ex-rights.
^Prieea from toth Exchanges.
St.

Tol.

•

I

89% June 7
140

Jan. 23
6078 July 11

96% July 11
32
265

June 6
June 13

1778 July

87%
47

-Ipr.

2-

17

May

8
Feb. 12
Apr. 9"
Feb.
6
3478 June IS"

7%
39%
50%

32

42%

Juno 19
.Mar.

8

I

I

I

'

;

20 126
•JO

16
5
12

23

24
June 25
.Tuno

35
61%.M.ay 29

17% June 27
19% Juno ^29
June 24

95

!

.

.

.
.

THE CHRONICLE.

46

LATEST PRICES OF ACTIVE BONDS AT

;
B » »s _

BjULROAD Boxw.

Jan.

J<aiiu' Snice

CUumg.

STOCK EKCHANUE. ANB RAXGE SINCE JIN.

N. Y.
1.

BAILBOjU) BOSSS.

Lowell.

Jm/^

Bightil.

1

7w/»/

I'J

1.

1889.

liange Since Jan.

Clobintf.

I

Julg ViJttly 5

[Vol. XLIX.

5

1.

HighetU

Loirrst.

MutiialUn. Tel.— P. f., O.t, 1911- 102 1>. 102 li. 99 Jan. I04>4 Apr
NaBb. Cb. & St. I,.-lst, 7s, 1913 135 b. 135 li. 129 Jan. 13S's June
107 a
985k Jan. I0710 June
.,(7
Cousol. .-,8, 1938
i;ti;i»f.,ft<miK)8ifc8^ il07 b.
May N. Y. Central— E.xtenil., 58, 1893 104isb. lOii a. 101 May 107 Feb.
93>4<laii- 100
99
1). 134ii.b. 133
Jan. 137's June
N. Y. C. &H.— Iat,ep.,7s,1903l33
il04^ 'loa Feb. loo's Jan.
115 a
Ill Jan. 115'4 June
7»,18»0.
Debenture, 5s, 1904
.122 b.iao Jan. Il24'a June
129 May 134 Mch.
1900 129 b.
N. Y. & Ilurlom-lst, 7s,
'
1125 Jan. 128'4Apr.
..1
98I4 June
96'4
Qlhi
91'h Ja-i.
lOfiSaJan. 115% June N. Y. Chic. AM. L.— lst,4R,1937i
113
ii:i
,-,Vsf
Jan. 121 May
N. y. Elevated— 1.8t, 7s, 1900. ..'117 b. 117'2l). 110
118 b. 118»8h. lisi-jjan. 120HiMay N. Y. Lack. A W.— l«t, O.s, 1921. 135 b. 134 b. 1311.2 .Jan. 13«is June
iM 'tM'nt
113 May
111 b. 112 b. 108 Jan.
,,
l!i''>l
115'sb. llf.iab. lll'i Feb. 116 JuneConstruction, 5a, 1923
ll^'sb. li:t>4 Feb. 120>4 June
,1 On. »o»o
OB. 1898'.". H»"8
Apr. 1081s Jan.
1927.. 110 h. Ill a. 107
lOSVb. 101% Apr. 105>2 Feb. N. Y. ANortirn— lst,58, 1914..|113i2a. 113
llOi-j Mcb. 115
Feb.
108 b 107>iib. 105>» Apr. lOKSsMcli. N. Y. Ont. A W.— lst,G8,
100 b. 94 Jan. 103 '4 Jnn&
1183» June N.Y.guB.AW.-lst ret, 5s, 1937 1001.2
118 b. 119 a.ll3>4Jan.
118
II414 Apr. 119'rt July
-.M..rl. 6»,1911.
Midland of N. J.— Ist, Os,
lom '102>4 04 Feb. 10238 July Norfolk & West.—Gen., Os, 1910 120i4h. 120'jb. H714 Jan. 121% Apr.
H, 1939
1931
llVi>eb.ll3 b. 107 Jan. 114 July
\V.-H». 1911
1921 117iti llOSsb. II512 Jan. 1207„ May
104 b. 98 Jan. 104 '8 July North.Pac- 1st, conp.,68,
llSi^b. II514
So.-lHt,.'i». 1926.
112 Jan. 116>4 Mch.
General, 2d, coup., 1933
134 May
Jan.
'131
o.— Con. 7, 1903.. 1304b. 131
General, 3d, coup. Os, 1937 ...105 b. 10»%b. 97% .Jan. 110 May
10«U '106>3 102!(»May lOOV June No. Pac.Ter. Co.— 1st, 08,1933.1110
', l!ii;l
jllO
103% Jan. 112 June
9(i'2 May
95i*»b.j 9C'ea. 92>aFeb.
is. 1922 ....
0213
62 June 74's Mch.
956HApr. Ohio Ind. A West.— l.st, 58, 1938 63is
94»8l).l 91 '8 Jan.
94 «4
...ii4». 1927.
118 a. 115 Jan. 121 Jnne:
July Ohio AMiss.- Consol., 78, 1898. 117%
Jan. 'l20
b. 118
^. f., U», 1907 U8%b.ll8
• IISIq Apr. 126 June
2d, consol., 7s, 1911
124»4b. 123'nb. 118 Jan. 124>4Mch.
:;>;il
'no's lioi^b. 103 Jan. 112 May
Jan. 104'2Feb. OhioPoutheni— 1st, 6p, 1921...
ilOSiab.t 97
104
-111. l«t,5», 1937
55%b. 44% Jan
58 June
55%
2d, Income, 68, 1921
Feb. 101 May
97isa. 97!».a. 83
.vC.-litt.(f,.'>K,li»37l
7814a. 71i.2Jan.
<i
80% June
Juno Omaha&St. L.— l8t, 48, 1937..!
b.l 99
lot)
Vuw vliiil a.a KT;t.5«.l!»3«104 b.ll04 >s 122^ Jan. ISO's June OrcKonlmp. Co.— Ist, 68, 1910. 102% 1027^ 102 Feb, lOO^^s Feb.
Jan.
Ch Ml * ^ l'.-i-'.n 7s ll'Oo l-M^'b. 127
June Ore. E. AKav. Co.— l8t, 08, 1909 111'2b. Ill b. 110 Jan II514 June
111)
Jan.
117 ^.. ...... 1
lit. 'imtb;e»tDlv.-««,i!«09.
105
105
102 Jan 105% May
Consol., 58, 1925
113»-2b.llJ''9
110 Jan. no's June
104 Tg \(\\U Jan. 107 Is Apr.
l»t ^o Mln. Dlv.-tiP, 1910...
Jan. 109% June OrcKon A Transcon'l- Os, 1922. 104 %b.
10ti>4b. 107%a. 103
j'i" Ch "l'ao'w.blv.-5R,1921
IO912
109 b. IOO'h Jan. 111 May
J»°' low's June Penh. Co.— 41.1s, coupon, 1921.
a. ••.••.•
»?,
lOOiab. 104'.2 Feb, 110 May
V- ;. AMInn. Dtv.-5s, Wll.. 105
Jan. 108 June Peo.Dec.&Evaua.— Ist.Hs, 1920 107 b.
T.Tn.lnal5«,l»14...;.......-.l«'5^ \\^ "• 1"0
Evansv. Dlv.— l8t, 6a, 1920...!l07'2 lot ifib. 102% Jan. log's Feb.
147 a. 143% Jan. 147 Jan.
191!)- WOJa
Cblc. 4 N. W.-C«n»ol. 78,
VO
76'3 Mcb.
66 Jan.
2dmort.,5s, 1927...;
133 May
l'***'s
••• .. 129>2Jan.
r..W.7~.l!K)2
88=^ Jan.
94% June
..119 Jan. 123 Apr. Pbila. AKead.— Gen. 48, 1958.. 91%
s
.l«a, 19-J9
80'.2 Mcb.
94'2 Jan.
81 Jab.
1st pref. income 58, 1958
112 June
Ill l*- 111 b. lOSia Jan.
.1 .'is, 1929
82'J« Jan.
661.2 May
67'8a.
2d pref. income 58, 1958
Jan. 114 June
,.l<lelM-ul..5.s, 1933 I14>4b. 114'4b. 109
54i2
52io May
62'4 Jan.
3d pref. income 58, 1958
109 Apr.
105 Jan.
.uturc S8, 1909... 107 b.
8712 -May
76'4 Jan.
lomb. 101 b.l 98 Jan. 104 '4 Feb. Pittsb. AWest.-lst, K.,48,1917 85
i,, 1921!
67% June
58 Jan.
9H% May liich. AAll.— lst,7s,Drcxelcert. 6614
98
95 Mcb
-i.l..-<ild.59,1928 98
C,
b.
3434 June
Jan.
2dmort.,C8,1916,Drexelcert. 33
13S1.2 June
Cbu. K. I. .V l'ao.-(i»,coup.,1917 132%b. 135 a-llSIH Neb. KIHiiJune Klch. A Dan v.— Con., 6a, 1915..'
Jan. 1193^ May
1104N!.'an.
10^ "a 100
Kxlenc Ion & col. ."is, 1934
9434 May
93
86 Jan.
Consol. Kold, 5s, 1936
122 b.;119i2Jan. 124 1.2 May
Cbic. Ht. P. M & ().— Con.ti»,1930 12o'4
96 Feb. 103 May
l!ich.& W.P.Ter.— Trust 68, 1 897 102
CU.St.L.i lltt.— l«t,eon..'">»,1932 .•••-••• 98 a. 90 Apr. 100 Feb. H<ich. APittsb.— Con. 68, 1922.. 115 b.
113 Jan. 119% July
99 June
95 a. 92% Jan.
Cleve. ti Ciiulon— I8t, Ss, 11117. 94
loo's June loo's May
134isb.l30 Jan. 135 Apr. Rome Wat. A Osd.- 1st, 78, 1891 107>4
C. C. C. A l.-C«n?ol. 7b, 1914.. •••-•lllisa. lOSis Apr. 112
May
Consol., extended, 5s, 1922... no's
b. 112
Jan. 120 May
C.ii.rnl Gs, 1934
}\i^^ 117
,„„,
93 Ss Apr. 105 Jan. Ft. Jos. A Gr.IsI.—l8t, 08,1925. 105 b. 100 a. 104 Jan. loo's Apr.
b. 100%
r.il. Colli A- Iron— I8t lis, 1900.. 101
112'sJan. 115 June
70 b. 65 '4 June H7% Feb St. L.Alt. AT. n.— Ist, 7s, 1894 111 b
ViiI.iTol.-Cou. 58,1931 09
Col. II.
1105% Fel). 112'4June
illO b
2d, mort., pref., 78, 1894
60
55 Juno 87 Feb.
59
ticnfial Kolil.tis, 1904
Apr.
2d, mort., income, 79, 1894... 106 b. lOli b. 104i2Jan. 108
118»eMay I2214 Apr.
120
Denver * Rio (Ir.-lst, 7e, 1900 121
77%
99 Feb.
77 July
82 's May St. L. Ark. A Tex.— 1st, 68, 1936: 77%
7!l5t
75 Jan.
79%
1st consul. 48, 1931!
27'4b.' 27 b. 25
May 38 Feb.
2d,6s,1936
-.
Si's Jan. 102 Mch.
K. G.W.— l8l,«8, 1911
Deuv.4
93% June St. L. AlronMt.— l8t, 78, 1892. 109 b. 109 b. 106'4 Feb. 110 San.
90 b. 73% Jan.
9' ?*,
As>cuteil
109 b. 109 b. 105 Jan. 109% June
2d mort., 7s. 1897
941-2 May
81 Jan.
Denv. S.l'k.Arae.— 181,78,19051 9<l>ab. 94
Cairo A Fulton— let, 78, 1891. 102'2 lOl'sb. lol'i July I05is June
103 Jan. toe's Feb.
Del. U. C. i Alp.— 1 8t,)i-.,0!<, 1913
101 isa.
CairoArk. ATex.— l8t,78,1897 103 b. lOlisa. 103 Ji.ne 107 Apr.
40 Feb.
34 Jan.
De1.Muc.AM.— I.<l.Kr.3ii!8.1911 35 a.
go b.; 81 Jan.
86
90 Feb.
SI
Gen. K'v A land gi-., 58, 1931.1 86
101 b. 96''8 Jan. 104 Feb.
Dul. A liou Hiinni— lst,5s, 1937 102
118 b. lls's.b.
121 Apr.
E. Tcnn. V. A U.— Con., 5.«, 19.'>6 105 ^ab. 10b% 102 Jan. HWioMay St. L. & San Fi-.- Os, CI. A, 1906 118 b. IISM). ii6 Jan 121 Apr.
104i2b. 105%a. 99 Jan. lot) Feb.
115% Jan.
Class B, 1906
68,
Etiz. I.ex. A BtRPan.— 08, 1902.
118 b. 118'eb. 1151s Jan. 121 Apr.
68, Class C, 1906
Erie-lst, consol. gold, 78, 1920 142 a 141 b.il37 Mcb. 1417eFeb.
118 b. 118 b. 1151s Jan. 121 May
Generalmort., 6s, 1931
Ill b.:ilO%Jau. 114 May
lonK Dock, 7b, 1893
'103 b.
101 '4 Jan. 108 June
General mort., 5.8, 1931
123 Feb,
120 b.
118 Apr. '"
Consol. Os, 1935
M. A M.— Dak.Ext.,6.s, 1910 120 b. 121 a. 118 Jan. 122 Apr.
lOSia
98 Jan. 107'sMay S. P.
K y.l..E.AW.— 2dcon.08,1969 103
118'sb
115's Jan. 121% June
9t»8
Ist consol., 68, 1933
96'8
90 Jan. 101 May
t W. Allcnv. C.-1»I,6b, 1!)21
98I4 Jan. 10334 June
lOl'sb. IOII4
reduced to 4is8
Do
92'8 May
ial II.At-anAnt.— W.Div.ls1..^8 92'2b. OS's
95-S Mcb.
90i4Feb. 100 June
99%
Collateral trust, Ss, 1898
25 Feb.
18 Jan.
j^r.U.W.Afct.P.-2dinc.8a, 1911 15 b. 19 a
8314 Jan.
921s May
b. lOS's
Montana Ext. 1st, 48, 1937 ... 88'sb
loo's Jan. 116 Feb.
IftI Col. A ban. Fe—l»t, 78,1909, 108
73I3
96 May
87's Apr.
72
70 Apr. 87i2Jan. Shen. Val.— Ist, 78, 1909, Tr. rec. 96 a. 96
Crtild, 08, 1923
120I4 Jan. 124 Feb.
40 May
31 Jan.
122%b. 123
General 6a, 1921, Trust rec.
Bf u. A t't. Jos.-CoUB. 6b, 191198 Is June
93 b.' 90 Jan.
95
104'sa. loo's Apr. log's Jan. South Carolina- 1st, 68, 1920.
Jl.t.A(;t.>o.-lst,6B,(.'old,1919 103
53
58
47 Jan.
1931
601s Feb.
64'sb.j 65 b. 62
May 74's Jan.
2d, 68,
Coupon, 68, 1909
5ifl Jan.
10 Feb.
Income, 68, 1931
_^
Kentucky Cent.-t.old4, 1987-- S8'4a.i 87'sb. 71'2Jan.
90 June
0s,gold,1925 108 b. 108'ea.!l01 Jan. Ill's June So.Pac.,Aiiz.— Ist, 08,1909-10. 104isb. lOlisb. 104 's July 108'4 June
Knoxv. A O.— 1st,
b. 107
Jan. 1131b June So. Pac.,Cal.— 1st, 6s, 1905-12.. lioisb. 116 )i. ill Jan. 117 July
1.. Erie AWcst.- lst,K.,5a, 1937 111'sb. Ill
Ijiki-^hore.-Cou.cr.,lst,7s.l900
;125'4 Jan. 130
Mav So.Pac-,N.M.— l8t,6s,1911 ... 105 b. 104 b.lOS'iJuly loS'i Feb.
89 Jan. 100 Mch.
125%
Consol. coup., 2(1, 7s, 1!KI3
Ii24 Jan. 130i4May Tenn.C.I. ARv.—Ten.D.,l8t,68 95'sb- Oils
99 Mch.
i96'sa. 96'3
89 Jan.
l.-Iaud-lst, con., 58, 1931 115
115 b.'ll4»4 Jan. 1171s June
Birm. Div., ist, 6s, 1917
l^mc
91 May
89%
<i(iii-ial iuort.,4!., 1938
S5's Mcb.
100% 100%h.' 92'2Jan. I0214 Mav Tex. & Pac.— 1st, gold, 5s, 2000 8931
37is
36=8
31 Mch. 40 Apr.
l-oulBV. A Na8hv.-Cou.,7a,l»98 120ish. 119 b.'ll7's Apr. 121'sMcb
income, 58, 2000
2d, gold,
115 b. 114%b. n4%Junc II8I4 May T<d. A. A. A N. M.— 1st, 6s, 1921 106 b. 109 b.'99 Mch. II014 June
E. II. AN.-l.-l, lis, 1919
Jan. 120 June
General, 08, 1930
114»sb. 112 Jan. 118'4Mav Tol.A.A.AGr.Tr.— lst,6s,1921 112 b. 112 1). 103
'JiusI lioud,-. Os, 1922
113 b. 112'« loo's Jan. llS'sMoV Tol. A Ohio Cent.- 1st, 5s, 1935 lOl'sb. lOl'sb. lol Jan. 104 Is June
10-10, Os, 1024
West.— Ist.ls, 1917.. 77
74 Apr. 82's June
'7><\i
lot's Jan. 106 Apr. Ti)l. Peo.A
50-vcar5s, 1937
105
98 Jan. 105 's Apr. Tol.St.L. A Kan.C— 1st, 68,1916 10214 10214a.' 92is Jan. 105 May
120is 115 Jan. 121 's July
Collat. trust 5s, 1931
lOlisb. 102 b.l 96i4Jan. 1041s Apr. i:nionraciflc—l8t, 6s, 1899 ....1211s
116I4 Mch. 120isJan.
I>oui.-. S. A. A Ch.— 1st, 6s, 1910 117
b. 116%b.;ll2i4 Jan. 122
117'sb. 1175^
June
SlnK-iuK fund, 88, 1893
103I8 103»tia.l 93 Jan. 104 June
Coiisol.,^ld, Os, 1916
KansasPaeilic— Ist, 6s, 1895. 11214b. 112 b. llO's Apr. lllisJau
Wein. AChar.— Os, ifold. 1924... 107isa. 106 h. I02is Jan. 10H38 June
11014b. 110 b. 1091s Jan. 1121.2 May
l8t,68, 1S96
Welro. Elevated-lst,68, 1908.. 11514b. 115is life Jan. 120 June
11414b. Ill b. 112is May II514 Feb.
Denver Div.— 63, 1899
'
2il,0s,lK99
107148.107 b. 106 Jar
US'* 115
112 Jan. 117 Apr.
1 1 's May
1st con.sol., 68, 1919
Wiib.Ceiit.-lBt,con., 78, 1902. 130
130 b 130 July 1331s Mch.
Line— 1st, 6s, 1922 II514 llS'i 1111 Feb. 115's July
Oreir. Short
Ci u.-'ol. .'>s, 1 902
90 Apr.
Jan. 114 May VirKiniaMid.— Gen. m. ,5s, 1936 88 a. 86%b.( 7838 Jan,
111
Mil. laki-^-b. A W.— Ist.Os, 19211125 a.
ko^ July
118% Jan. 1251s June Wab. St. L. A P.— Gen. ,6s, Tr.rec' 44 b
37 Apr.
Ciiv. il.l.enture, .5s, 1907
104'sb
Chicago Div.— 5s, 1910, Tr.rec. 10234 102"8
SB's Jan. 103 Jidy
921s Jan. 104 May
WIlM. .V Soiih.-M. I,.,68, 1910.llO9'3 loo's lOOis Jan. 1 1 1 Apr.
lOOisa.
100 Is June
86 Jan.
Wabasb— M., 78, 1909, Tr. rec.
i;\iiii~ii. 11, 181,08, 1913
'107
89 's Jan. 103 June
107'.ib 105 '4 Jan. tools Mcb.
Tol. & W.— Ist, ext., 7s, Tr. rec. 102''8b. 103
Miiiu. A !-I. l.ouis- l8t,78, 1927 95
93'3b. 90
102 b. OS's Feb. 10234 May
Jan.
l8t,Pt.L.Div.,7s,l889,Tr.rec
96 July
Wo. Kan. A Tex.— Con., 08, 1920! 63
61 b. 53 Apr.
102
2d,extcnd.,7s, 1893, Tr.rec. 102
87 Jan. 103 June
641s June
Consol., 5s, 1920
57'2b.l 59 b. 5012 Apr.
85 Feb. 1001.; June
Con., conv., 7s, 1907, Tr.rec. 100 a
601s June
Consol., 7^, 1904-.5-6
96 b. 97
102
97 Juno
89 Jan. 103 June
87's Mcb.
Gt. West.- l.st,7s, 1888,Tr.rec
Wo. I'acili(-l8l, con., 68, 1920
112 b. no's Jan 1151s Apr.
102
66 Mcb. IO2I3 Juno
2d, 7s, 1893, Trust receipts.
.3d, 7s, 1906
120 b. 120 b.llO'sJau. 121 Is Apr. West Shore— Oiuar., 4s
lOHf^ 107
10234 Jan. 109.%< June
Par. of .Mo.-lst, ext., 48, 1938 102»4b. 102'4b. 97% Jan. 102% June West. N. Y'. A Pa.- 1st, 5, 1937. 9712
95'4Jan. 101 Apr.
97%
2dniort 7B,lb91
lOSijb. 103 b.'lOl
Jan. 105's .\pr.
14 Feb.
35 July
2dmort., 3f;., 5sc., 1927
31'sb.
Woblle A Ohio— New, O.s, 1027.. 115
.'
112% Feb no's May West. Un. Tel.— Col. tr., 5s, 1938
103
OS^aJan. 106 June
tienernlniort., 4a, 193S
56 b. 56%h.i 41%Jau!
58 June Wheel. A Lake E.— Ist, 5s, 1926 103 b
102 Apr. 106 July
MOTK.— The letter "b" inOlcates prloo bid, anil "a" price mked; all otlier prices aul the range are from actual sale.?.

w.

At!

I).

Jnc.

8m

l»i<'

22aeFeh.
83 Feb.
75>eJiily
Jnu. !ll2>i!M8y
10«>s

le

17
76

l«Jl

'"^

July

I

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i

1

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1

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.

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STATE BONDS.
SECDBITIES.
Aluliunia— CliuM A, 4 to 5
Cla.'i* 11,

.).<

1906
igO(>

<la»s C. 4s
,6s.

Bid.

A sir.

103
110

106
115

1906 10<)
1900 100
12
10

Mu'M

Arkausa.-—<;a, fiiiuIe<l..lN99-1900
• ,v Fort Pmlth Iss.
-•
7s,
I

7b.
7b.

m
v

'-

;

Kockiss...
itralKK.
litle

peorKi., -.-. ^...,1
I.uulBinnft— 7b, cons
Htauiped 4s
MlublKau— 78

13

10

7
1890 102 14
1914 105
89
.1890 lOU

12

SECURITIES.
Missouri- 6a

I

due 1889 or 1890
Asylum or University, due 1892
FuntUug
1894-18951
New Y'ork—6s, loan
1892
;

BECURITIE.S.

Ask.

Bid.

100
102
110
110
1993' 110
35
J. & J.
190O 10

I

Ask.

5
South Carolina— 6s, non-fund. 1888
4
Brown consolidated, 6s
1893 102 105
1892-1 S9s
65
Tennessee— (is, old
6s, loan
I.
Compromise, 3-4-5-63
1912
75
North Carolina— 6s, old....
i.
New settlement— 6s
1913 106
FundtnKact
I.
5s
1913 1021a 106
New bonds, J. & J. ...1892-1898 20
74 14 7413
.
1913
3s
Chatham RR
Virginia 6s, old
48
6's
Special tax. Class 1
6s, consolidated bonds
50
!! i !!!!!!
tTousolldated Is
9812
6s, consolidated, 2d series
50
1910 96
68
6h, defenod, trudt receipts
8
1919 124 128
;.
.

I.

I

I

1.

—

.

89I11

Bid.

Rhode Island— 6s, cou..lS93-ls94 110

L

I

]

I

.'

—

,

J0LY

— —

.

THE CHRONICLE.

13, lif:9.l

47

BONDS— STOCK EXCHANGE (QUOTATIONS ON FKIDAY OP THE LESS ACTIVE RAILKOAU HONDS.
BECURITIES.

BECyRITIEH.

Aak.

Bid.

Bid

Ea8tTcnn.—Eq. A Imp., g.,."511.1938

SECUBITtES.

Aak.

Bid.

Aak.

OSig

Northern Paclflc— (Continued)—
Mobile A Blrjii.— 1st, g.,5»..1037,
North. Pac. A Mon.— lst. 6s. 1938 10739 107T,
00 19
Alabama Cenlial— lst6«...1918 113
Coour d'Alenc— 1st, 68, gold. 1010 1071a 109
«6
jlBlis
1897
Gen. lat, gold, Gs
I!t38
981a Erie— 1st, oxtendcil, 7h
no
2d, extended, 5s
1010 MIS 1122
Cent.Waalilngton- l«t,g.,6s.l93M 106
3d, extended. IL*
Norf.A W.— New Riv., lei, 68.1932 116 117
0814 0838
1923 iiiHiiia
Atliiutic A- Daiiv.— iMt e.. G^..1917
4th, cxt.iKli-.l, .,s
Imp. A Ext., (is
1920
iJio
1931 111
Billt. & Obio-lst, Gs, Park B.1919
192.") 108
5th, cxtiiidr-d. Is
1928 '102%
Adinatment M., 78
1924 100 la
5», Kold
EiMiipmi-iit, 5s
Ist, cons., fd. coup., 78
1920 '137 140
1908 03
1988 110>2'
Cons, uiort., gold, 58
Reorg., Ist lien, (is
00
...1008
ClincliVal.D.—l9t,eqiili). 59. 10.57
193t>
_06
Beech Creek— 1st, itold, 4s.
97
B, N. Y. A E.— 1st, 78
lOlG 113 144 la Ogii. A Lake Ch.— lst, eon. 68.1920
Host. H. Tiin. ck W.— Del). 5».1913 'IOOI3 101
".'.'.'.'.
N. Y. L. E. A W.-Col. tr.,e8.19'J2 ....
Ohio A Mi.ss.- Cons., 8. f., 7s.. 1898
Brooklyn Elev.—l9t, g., 08. ..1921 112% 112%
0014
Funded conp., .58
10H9I 90
oiis
Siningtield Div.— lst 79
1905
1915
2(1, 3-3«
Income, Gs
1977 * 67
(ieneral 58
1932 '95%;:;:;:
Uiilou Kl., l.st, Kiiar., G8....1937 105-%105:'4
Biitr. & S. W.— Moit^'. G9....19()8 * 84
Ohio Rlvc'r RK.— 1st, .59
l!):tti
100
Bruuswlek & West.— l.''t,K.,ls.l9y8
OOia
Jctre son— 1st, gii. i;. Ss ....190i» '106
93
General m(»rt., gr)id, 5s
It»;i7
87
Butr. Roeh. & Pitt*.— (:ien.,5».1937
jiai
Eureka Springs U'v— Ist,6«.g.l9.'l3l
Oregon A California- lst, 5s. 1927
1921
Roch. & Pitt.'*.— l.st, 6,^
99I3 100
Evan. A T. II.— Isf, cons., (i». 1921
II712 Pennsylvania RR.—
Burl Ced. Rap. &Xo.— Ist,.5s.l90()
1!I23 II212
SiJ
Mt. Verniui— Ist (is
Pltta.C. AHI.L.— lat, cp.,7s.l90O 119
Consol. & collHt. trii.''t,5a...l931
Evans. & Indian.— 1st, con8..192G! 111 i'14'1 Pltt.s. Ft. W. A
lst, 78.. .1912 llOia
Mlnu. & St. L.— 1st, 7s, gH..1927
laaigl
Flint A P. Marq.— Mori., 68. ..1920' 121
2d, 7s
West.— l«t, 78. .19091
1912 Ulia
Iowa C. &
l.st con. gold, 59
108
3d, 78
1912
Ccd. Rap. I. F. & N., Ist, 69.192()|
1939J 105
1921i
Fla. Cell. A Pen, — 1st g. .58....191H
Clov. & P.— Cons., 8. fd., 78.1900 i263;;:;;;i
lat, 58
Gal. Har. A Han Ant.— Ist, 68.19101*
4th, sink, fund, 68
108
1m92 1011...
Central Ohio Ecor.— 1st, 4i2S.1930 10:)
2d mort., 78
104
St. L. V. AT. II.— 1 St, gu., 79 1 897 II514 117
1005
t'eiit. RR. i- Bank.— Col. tr.,5s. 1937 *1(H
Ga. So. A Fla.-lRt, g. (is
1927
99
2d, 79
io6ia
1 H9!S
Cent, of N. J.— Conv. del)., (is. 1908 119
(Jraud Rap. A Ind.— Gen. 5b.. 1921
9519
1912 'lOG
2d, guar., 7a
1898 108
LehiKh .V- W. B.. M. 5s
Green B. W. A St. P.— Ist G8..19U
84 iPcoria A I'ek. Ulon— lst, 6s ..1921 110
Central Paelllc— (iold hds.,(>s.l8!l.-. Ill
HoiLsatontc— Cons, gold .58.... 1937 101 IOGI4
1 89(i 117
2d mortg., 11.29
tJold bonds, (is
1921
65
70
II8I4 Hou8.ATex.C.— Ist, m. 1. 78.Tr.rec. 12514 127
Pine Creek Railway— Gs
1897! lis
I!i:j2
Gold bonds, Gs
West Div. 7a,Tru8t recclpts.1891 121 la 126
Pitt8. Chrve. A Tol.— lat, 68...1922
1900, 111%
San Joaquin Br., «s
1st Waco A Nor.— 7s
1901 lOG
Pitts. Juuct ion- 1st Gs
109
1 922
i
Cal. & Oreffon— Ser. B, 6s. .1892i
_
2d ra.Ss.M. I. Trust receipts. 1913 1201« 122
Pittfl. Mc. K. A Y.— lst Gs
.1 899, *i'ii"
I9:i
118
AVost. Paoitlc- Bonds, Gs.
Gen. mort. 6s, Trust nceipts. 1!)25
7812
Pitta. Painsv. A F.— 1st, 53... 1916
IOOI9
No. Railway (Cal.»— 1st, (>s.l907
115
Illinois Central— Ist, g., l8 ...1951 107
ios'
Pitts. Y. A A.sh.— 1st, 59
r'
1927
cues. & O.—Pur. M. fund, Gs.lKOsI
l8t, gold, 312S
93 It
Presc't A Ariz. Cent, lat, 6s,g.l916
(is. larold, series A
1908 110 119
1951
i*
93
Gold 48
Income, (is
Clles. O. & 80. West— 2d, (is. .191 1
1952
2d
79%
1016
i
Springf. Div.— Coup., 6b.. ..1898 *112l2
18931 110
Rich. A Dan v.— Debenture Gs.l927 1041s 105ifl
ChieaKo& Alton— 1st, 78
Middle Div.— Reg., .58.
r'llO
Atl. A Char.— lst, prcf., 78. .1897
Sinking f iind, Gs
1903 121 1251a
1921 117
121
C. St. L. A N. O.-Ten. 1., 78.1897 UG
Rich.A W.P.Ter.— Con.c.t.,58.1911
liouis. & Mo. River— 1st, 7s.l9()n 122
85
'120
Ist, Congo:., 7.s
1897 116 1191a R.W.AO.— No. AM.latg.gu.5s.l916
2d, 7s
1900,
**"'*"
2d, 68
R(une W.AOg. Term.— lst g.5s,l 918
St. L. Jacks. A- Chic- let,7e.l891| 1131a
1907
Gold, 5s, coupon
St. Joa. A (Jr. Is.— 2d inc
1925
1st, Kuar. (oGl), 7s
1891 11312
1951 IIGI2 118
50
Merap Div., Ist g. 48
Kan. C. A Omaha— lat, .58. .1927
1951
101 la
2d mort. (3(iO), 78
1898| 115
88
Dub. A S.
43
1898 115
2d Div., 78... 1891 106 !«
St. L. Al. A T. II.— Div. bonds 1 891
2d, gnar. (188), 7s
_
74*
Ced. Falls A Minn.— l.st, 78.. 1907
MLss.R. Bridge— 1st, s. f., Gs.1912 107
Bellev. A 80. 111.— 1st, 89... 1896 120
125
ilnd.Bloom.AW.— isl, prof.79.19(K)
Beilev. A Car.— l.st, 69
1923 108
Chic. Burl. & Nor.— Deb. Gs. .189G
Ohio Ind. A W.— Lst pf.,.59.. 1938
Chi.St.L.APad.— l»t,gd.g.59 1917 100
Chic. Burling. A- CJ.— 5s s. f..l90l| IOGI4
Ohio Ind. A West.— 2d. 59. .1938
St. Louis So.— 1st, gd. g 18.1931
83
Iowa Div.—8ink. fund, 5s.. 1919
31 la
Sinking fund. Is
98
1.B.&W., con. inc. Trust receipts.
10
Car. AShawt.— lst g. l8....1!)32
82
1919 97
15
^
92 14 9314 Ind. D. A Spr.- 1st 7s, ex. cp.lOOG
PI ai n Is
1921
95
381a ii
961a St. Louis A Chic.— 1st, con. 68.1927
Ind. Dec. A West.- .M. 5s
St, L. AI. M.— Ark. Br.,lst,78.1895
Cliie.Mil. & St. P.— l.st, 89,P.D.189w 128
105
1917
2d, 7 3-109, P. D
1898 I'.'O
2d M., Inc. 58
1918
St. Louis A San Francisco
50
Iowa Central— lst gold, 58
1902 124%
lst, (ia, P. C. A
l8t, 78, ijig., R. D
1938
84% 8413
1919
•
Kan. C.Wyan.AN.W.— l8t,58.1938
Equlpmeut, 7a
1st, La Crosse Division, 7s. 1,893. 110
1805
120
Kings Co. Elov.-Ser. A.lat 5al925 ib3% 104 14
l9t, I. & M., 7s
1st, trust, gold, .58
1087 081a
18971 117
Lake Shore & Mich 80.—
Ist, I. & D., 79
Kan. City A 8.— lat, 6a, g.lOlG 95 100
18991 118
Cleve. P. A A.— 78
l8t, C. &M., 79
Ft. 8. A V. B. Bg.— lat, Gs.1910
1903 125
1892
l9t, I. & D. E.Ktension, 7s. ..19081 ..-126
Buff. A Er.- New bonds, 78.1898 122
St. L. K. A So. Wn.— lst, Gs.lOlG
1st, Southwest Dlv.,68
Kal. A W. Pigeon— 1st, 78.. .1890) lOl^e
Kansas Mid'd.— l.st, g. 49.1937
19091 117
l8t, LaC. & Dav., 58
Det. M. AT.- 1st, 7a
St. Paul A Duluth— lst,5s....l931 111
1919 "104
lOOe^Kil
l8t, H. it D., 78
128
Lake Shore— Div. bonds, 78. 1899J 125ia 127
1910
2d mortgage 5a
1917 105% 10«
105 14
l9t, H. & D., 58
Mahon'g Coal RR.— lst, 5a.l934l'*108
St. Paul Minn A M.— lst, 7s.. 1900 113
1910
Chicago & Pacide Div., G9..I9IO 118 119
Litehf. Car. A West.— lst 69. g.l916'
2d mort., (is
1909 1191s 121
1898'*118
Chic. & Mo. Riv. Div., 5s...l92G
10458 Long Island— l.st, 79
Minueap. Union— lat, Gs
1922
Mineral Point Div. Ss
N.Y. A R' way B.—l9t,g. 59.19271*104
Mont. Cen.— lst, guar., (is..l9;J7 116
1910 1031a 105
,
1927* 30
C. & L. Sup. Div., 59
2dmortg., inc
East. Minn., 1st div. lst 5s. 1908 •11312
1921
381a
Fargo & South., Gs, Assu...l921
N. Y. A M. Beach— lst, 79. .18971*110
San Ant. A Arans.— l8t,68,'85-1916
86
113
Inc. conv. sink, fund, 5s
N. Y. B. A M. B.— lst, e., 58.1935 *102
191G 100 la
1st, 6a, 1886
1926 84
85
105
Dakota* Gt. South., Ss
191G 100 lOlia
Brooklyn A Mont.— Ist.Gs.. 191]
San Fran. A N. P.— lat, g., 58.1919 10014 101
ChicAN.W— E.sc\L.S.— l.st,G9.1901 111
lst, 59.
1911
Scioto Val.— lst, cons., 78
1910
Des M. & Minn.— let, 78. .1907 *129
SmithtownAPt.Jeir.— l9t,78 1901
73
80
Coupons off
Iowa Midland— l9t, 88
Louis. A Nash.— Cccil.Br., 78 .1907
1900
Sodus Bay A So.— lst, 5a, g...l921
113
1071a
Peninsula— 1st, conv., 7s... 1898
95 ....•«
N. O. AM.— lst, Gs
1930 116
80. Pac, Cal.- Istcou. 5s ....1938
Chic. & Milwaukee— 1st, 79.1898 '120
N. O. AM. -2d, 68
Texas Central— lst, a. f., 7s. ..1909 1* 47
1930 100
Win. & St. P.— 2a, 78
47
1907
Pensacola Division, 6«
1920 *110
l.st mort^'age, 7s
1911
53
Mil. & Mad.— lat, Gs
1905 118
St. Louis Division, lst, 68...1921;*H5
Texas A New Orleans
Ott, C. F. & St. P.— 1st, 59.. 1909 1091a
2d, 3s
1980* 63
1st, 78
1005
Northern 111.— 1st, Ss
Nashv. A Decatur— lst, 78. .1900 121 123
1!I12
105
1910 *110
Sabine Diviaion, Lst, 68
Chicago Rock Island & Pacitic—
S. & N. Ala.— 8. f., 68
Tex. A Pac., E. Div.— lat, 6a. 1905 lOG
1910
^
Des Moines & Ft. D.— 1st, 18.1905 82I3
Pens. A At.— 1st, Os, gold... 1921
1917 105 14
105%! Tol. A. A. & Cad.— (is
1st, 2ia9
1905
Na9h. Flor. A S 1st gu. 58., 1937
1919 100
100141 Tol. A. A. A Mt. PI.—Gs
Extension, l8
Lou. N. O. A Tex.— lst, 4a.... 1934
1905 821a
90=8
Union Pacific
Keokuk & Dos M.— 1st, 5s. .1923 107
2d mort., 58
1934
10
l8t,69
1896 II7I4
Chic. & St. Louis— l.st, 6s
1915
Mexican National— l9t, g., 6s.l927 101
lat, Gs
1897 11814
^
Chic. St. P. & Kan. City- 5s..l930
1917i* 61
120
2d, Income, Gs, "A"
1st, Gs
1898
61
Minn. & N. W.— Ist, g., 5s. .1931
2d, income, Gs, "B"
Collateral Trust, Gs
19I'7|*
1008,,*105
21
Chic. St. P. & Minn.— 1st, 6s...l91M 125
Collateral Trust, 5s
1907 * 03
a
1909
I2712I Michigan Central— Gs
No. Wisconsin- Ist, (is
1930i
Coupon, 59
1895 103
19311 115%
C. Br. U. P.— F. c., 78
^
St. Paul &S.
l.st, 6s
1919 125
Jack. Lan. A S.ig.— 68
Atch. Col. A Pac— lat, Gs... 19051 O6I4' 97
1891 *105ia 1061a
Chic. & W. Ind.— l.st, s. f., G8.1919|*llli2
05
Milw.L.8.AW.— Ext. &Imp.,58."29 105 105 14
At«h. J. Co. A W.— lat, (is.. .1905'
General mortgage, G3
118
Michigan Division, lst, 6s.. 1924 1131a
Utah Southern—(Jen., 7» ..1909,
1932i
Cin. Ham. & D.— Con.s.f., 78.19051*122
113
1909, 110
Ashland Divisiau lst, Gs ..1925 117
Exten., 1st, 7s
2d, (told, mas
lOlifl
1937 95 105
Incomes
U. P. Lin. A Col.— lat,K., 58.1918
lOG
Cin. I. St. L.& Chic:— lst,g.,ls.l93H
102
Minn.ASt.L.- I'a Ex., lat, 78.19091 84ia
Utah A Northern- Gen., 58.1926 .'.'.'.'.'.
Consol., Gs
1891,' 50
iba"
1920
2dmortg., 7s
Vallev R'y Co. of O.— Con. 69.1921
54
Cin. Jack. A Mae.— 1st, g., .59.1936
Wab.,st.L.AP.— Det.Div.,68,Tr.rcc. 127 14.
Southwest Ext.— 1st, 7s
19101* 80
CI. Col. Cin. & Ind.— 1st, 7.s,s.f.l,8n9 1221a
10
25
Equipment liimds
1883
PaeiflcExt.— lat, Ga
19211* 80
Consol. sink, fund, 7s
101
(3uin. A Tol.— 1st, 79,Tru9t rec.
1011
Impr. A equipment, 6a
1922i* 5314
Cleve. A- Mah. V.— Gold, 5s. .1938J ib'sia
Han. A N.aple.s- lst,7a, Tr. rec .. 101
Minn. APac— 1st mortg., 59.1936
,
Colorado Midland- Ist, g., Gs.l936l 105ia
10112 10258
111. A So. Ia.— l.st, ex., G3,Tr.reo
Minn.S.Ste. M. A Atl.— l8t,53.1926l
ColuniliiaA Greeu.- Ist, 6s...l91G'*lii2
St.L.K.C.AN.— R.E.ARR.73.1895 Illia
Missouri Paeitlc—Tru8t,g.. 58. 19171
99»8
2d, (is
192(i * 75
Mobile A Ohio— 1st oxt., 68... 1927 '106
St.Charies Br'ge- l8t,6s. .1908 lOG
Col. A Cin. Midland— 1st, Gs. 19111
1895 II2I3II3
1st pref. debentures
No. Missouri— lst, 73
Del. Lack. & W.— Convert. 7s,1892i*
loss's
1896
Warren A Frank.— lst, 78
St. L. A Cairo— Is, guar
1931
781a;
Mortgage 7s
1007
West. Va. C. A Pitts.— 1st, 6a. 1911
Morgan's La. A T.— let, 68.. ..1920
Syra. Bing. & N. Y.— Ist, 7s.l90(i 130
WIscon. Cent Co.-latg. 5s.. .1037
lst, 79
1918 124 127
Morris & Essex- 1st, 78
1911 111
Nash. Chat. A St. L.—2d, 69.. 1901 110
Income 5s
1037
2d, 78
l.HKl IO914
New Orleans A (Julf— lst, 69 .1926
Bonds, 7s
1900
mHC«llaiicoiis Bouds.
N. O. A. No. E.— Pr. l.,g., 68.. 1915
78of 1871
1901 129"
N. J. Juiictlon— (iiiar. lat, 4s.l98G locia
Ist, con., guar., 78
1915 113 147
N. Y. N. II. A n.— 1st, teg. 48. 1903 110
Am. Water W. Co.— 1st Gs.
Del. & Hud. Canal— l.st, 79. ..1891 loin's
S. Y. A Northern— 2d, 48
1927
St con., gold, 53
56
1st, extension, 7s
1891 1081a
N. Y. Slisq. A West.—Deb. 68.1897
Cahaba t;oal MIn.— 1st g. 7a..
Coupon, 7s
1 891 llG's
1937 "i'SH
Col. A Hock. CoalAL— Gs,g..
2d, lias
Pa. Div., coup., 79
1917 118
Equitable G. A F.— 1st Gs
N. Y. To.x. A Mcx.— I8t,4s....l912'
Albany & 8u.s<i.— 1st, gu.,78.190(i|*131
Haekensack Water— 1st, os..
Northern Pac— l)ivld.Borlp ext... *i01
Ist, cons., guar., (is
190GI 121''e 26
Henderson Bridge— lst g. 6s.
James River Vai.— Ist, 68. .19361 105ia
Reus. A- Har.— 1st, coup., 78.1921 *150
151
Spokane A Pal.— 1st, 68
1936
108% Iron Steamboat Co. Gs
I>ouv. & R. «.— Inip..g., 5s...l92sl
83%
People's Gas A Coke 1 at g.6s,
St. Paul A N. P.— Gen., 69. .19231 121
123
Dul.So.Sh. A Atl.-Gold3s..l937'
i;2dg. Gs,
Helcna&RedMn- l»t,g.,69.1!»37l
Co., Chicago
951a
E. Teun. Va. A Ga.— l.st, 78. ..19()0i 123
102>4
DuluthAManitoba— l8t,g.68l936i*110is
Philadelphia Co.— lst a. f. Gs.
Divisional 5s
West. Union Tel.— Coup. 7s...
Dul.ifi.Man.Dak.Div.— I8t0sl037!*ll0i4
19.3()i
Kiiilrotid KoiiiIm.
f Slock Kxrk'innr. Hrirrs.)
Afoli. Top. & San. Fe— II2S...IO2O
1911
fInkinK fmid. (is
Chic. 8. Vk & ('ill.— l.itt g., 53.1037'

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•.•-'

price Friday; these are the latest quotations

mide

this

week

.

.

1

THE CHRONICLE.

49
6.

——
—

«

1

1

emlinK July
N^w turn lUl B«ni Maleuient for the week all ca<'^>in
omUttco ciphers
folloC
1.
CapUoL Saryhu.! I«m»

Banks.

({aotntlous in Boston, Philadelphia and Baltimore.
FoUowinff are quotationsof active stocks and bonds, A full
li 8t is given in the Chronicle the third Saturday of each month.

m

%.

«

l^.

ap4eU.

fttx"*"

Lxx^-

SfiCUHITIES.

(00> afnttl«d.)

«

•

Bank of y»m York..
MkobaKUi Co

a,oso.o'

3,000,0
9,000.0

AMorlca

8,000,0'

PiMBlX.....

1.000,0
1,000,0

...».

...

1,000.0,
soo.ol

__ jikMi

600,0.
1,000,0

If •rcbanta' Rxeli*ii|(

SklUIln NutloBSL...
Eolehsn' ft DroTera'
Mcdunlci' A Trsd«r>
0i««aincb
laathtr M anafaet'n

MTmib

800,0
300,0
600,0
300,0

NaUuDkJ

1,300,0
4,000.0
5,000,0
1,000,0
1,000,0

Aaartaa Kxohanc*.
Sraadwar..

Mntamw*..

433,7

B«»bM1o

1,600.0
460.0;

Obachain.... ........

PaoplM'
HanJi Ameiloa
Baaorar.

300,0
700,0
1,000,0
600,0
600.0
600.0
760.0
600,0
600,0

,

IrrUit
Omie.'u'

Haaaaa
Market

A

Pulton...
Nicholas.

t.
BboaA Leather
Cora KxchiiDge

1,000,0
1,000,0

Ooatlnental
OrtentaL
Imi<ort«ra'

300,0

A Traders

1,600,0

Park
North RiTer

2,(K>0,0

240,0
260,0
8,200,0
2,000,0
800,0

Xast Mrer
Fourth Nailoaal
Oaatral NaUonal
Beoond National
Ntiitli National
Flrsti Xational
.,
Third .National
N. V. Nat'l Kxchangt

760,0
600,0
1,000,0
800,0
260,0

Bowery
Hew York CouniT...
Oennao* American...
Cbaae MaUonal.
mill ATonne

200,0
760,0
600,0
lOO.C
200,0
200,0
600,0
300,0
200,0
150,0

Oerman Exohanxe..
Bennanla.
pnttad States
Ltnoolo
earfleld
Fifth National
Bank of theMetrop.

3(10.C

West side

200,0
600,0
200,0

Seaboard
Blxth Nattnnn'
We- tern National...
Total

8,600.0

690.8
374.9

Boston*

B-rtlon
I5o«tou <k

1,216,7

299,1
32i,0
229,9
187,6
181,6
343,0
251,0
656,6
304.9

&
& Canton

&

2,383,(1
4,116,11
2,210,(1

1,81

10,824,5

1,

I

I

I

SpecU.

Loans.

I

DepoaiM.

Legnls.

CJeariTigit

""fT*''!,

Haven

70

27

55
233

West Jersey

08
49

A Atlantic.
RAILROAD BONDS.

WertlJersey

111'4 112
33»4 35

101(^110134

124

116
120

ConuectiuK — 6s
pel.ABd.B.-lst,78, 1905.
Kaston A Amboy. — M. 58,
'Elmlrii A Wilm.-lst, Os..
Harils. P. M't J.&L.—is.

75
60

"w

&

37 <

i

Hunt'nA

B.

135

noNDS.

T.— lat,78.

I39I4 140
137 >»
11714

127
110
52
60
130 Hi
lisij
122
l!4>a

4'5!S, 'i'lust Loan
108
117
Perkiomen— l8t se. 6s, '18 §104
75
103
2d series 01, 1918
65
llP>a
Pcnn. A .N.Y.Cau—7s,'96 117
100
115'.>
Pbila. A Erie— eon. 6s.., 115
« General inoi-tg. 48
102C4 103
97

116
74
60

7s.

Collat, Trust, 5s
Plain, 5s

--.

Moitgage, 6s
Trust, 6s

&
CAR.,

Read.— Ift, Os
Philaclel.
1893.... 112i.j
2d, 78,
Cons., 7s, coup., 191I...I4I351. 135'4
122
Cons., Cs, g., r.R.C.1911 119
Imp., 6s, g., coup., 1897. 105
102',
Corns. 6s., 1st ser., 192'2

& Mo. R, In Neb.41181s
Exempt, 68

Hurl.

Non exempt, 68

.

1

LandKr8nt,7s

----

California Soath.— Ist, 68. lOll
41
« 39
Income, 6s
88
Consol. of V(r:n(int— 58.. --•Kanteni.Mass.— Gs, new.. ?12D'a 127
K. C. Ft. Scott A Mein.,68
K.C. Ft. Scott A Glf.-78
Kans. City Law. A So. 6s 100 103
'

—

Memph. A Blrni— 8s

Iv.C.

102
116

'

Topcka— 1st,

<t

118(3

118
120

"l5»8
2d mortg., 78
I2II2 122>9
Consol. M., 58
1,50
148
Leh.V.-lst, 6s,C.AR.,'93
Mortbern
5175
2d, 78, reg., 1910
Sorwicb & Worcester
Cons. Bs, C. A R., 1923..
Ogdcnsl). A Lsilce Cham..
ifi'i
North Peiin.— Ist M., 78Old Colony
General mort. 7«, 1903.
Portland Saco A Ports... 5125 "a
5
N.Y. Phil. ANorf —Ist, 68
Summit Branch
Income, 6s .,
Vermont A Mass
22>8 23 >4 Fenn.— Gen.6s, coup.1910
Wlscousiii Central
61
60
Cons. 6s, coup., 1905 ...
Preferred
Cims., 58, coup., 1919...
itch.

61»8

A

AUegb. Val.— 7 3-10s,'96.
201
Inc. 7s, end. c<tui».,'94..
100 "a Bells Gap— l8t M., 7s. ..
132
Cam. A Amb.— M. 0s,'89
"eg"
70 !CatawiB8a— M. 78, lUOO..
30 ICbartiers— Ist nioit., 7s..
"96'
97
Clearfli^ld A Jeff.— l.^t, 6s

!

88"

61%

Kne

113H

& Mem.

65

87

200
99

PrefeiTed
Maine Central
Mftnch..8ter& Lawrence.
Mexican Central
X. Y. & New Kng., pref..

6,;i48,!S

,s.

Lewlston
United Co's of N. J

71^

Birm....
K. C. Meiuiih.
Louisville Evans.
St. L.

1,962,6

Phil. <K

Sunbury
26

Paseunip..

Preferred
Kan. C. Ft. Scott

3,77(1,11

110,0

|

PUchburg, pref
Flint A Pere Marquette..

2,767,9
10,425,1
4,367,0
3.414,2
2,866,8
5,721,4
3,975,3

488,0

&

A

53 '4
70

53 "s
69
70
64 Vi

XorthcMi (_'rntral
North I'eiiusylvania
Pennsylvania

12
25

11

24
60
27

I

Connecticut River
Kasteru
Preferred

3,245,;.

la4,4'
444,7,
25l>,0

259
20

Cleveland
Preferred

Ooncoid
Connecticut

46-'t

Nesiiui^hcuiMip Valley

PretiMwl

2,227.0
4,134,0
7,304.3
6,22011
2,047,6
1,923,J; 22,341,0
3,344,4 24,.'.64,2
137,1
2,373,5
115,6
1,653,7
2,797,0( 21,-. 93,8
1,413,01
9,079,0
281,01
4,914,0
499,5,
5,886.3
2,217,0 22,614,0
585,3
7,9b4,4
Ui.h 1,526,9
202,0
2,717,3

•

—

North'n....
Chic. Bull.
Chic, dt West. Mich

4,'.01,5

121,6
131,9
1,124,5
lo9,»
746,4
261,4
20,2
272,2
333,2

Providence

20

Proferied
Vallev
Little SchuvlVlll
Mliiehill

Ask

Bid.

Broad Top

Leliil^h

»(

lo'J

L'aliforniu .Soulliem
Central of Miiasachusette

6,621,9
3,120.6
6,238,0
17,986,0
2,914.0
3,157,3
3,766,5

l'-3,7

39
V1218

30

oi>i'ka

A .\lbuiiy
I.iiwrll.
& Miiino

BCHtou

ll,9!-ll,l

497,0

'I

A

Hnntlngton

I

RAILKOAI) STOCKS, t
Atclii.soii it

SECURITIES.

Ask

Bid.

BOSTON,

12,920.0
781,0 11,407,0
7.852,6
936.0
8,344.0
635.0
894.2 11,330,3
4,070,0
833,0
2,293,01 10,014,7
2,82H, 1
188,l|
876.81 26,162,4
4,657,3
502,3!
4,850.9
587,2
2,l.'i5.2
95.2
401,0!
i!,341,0
1,374.7
103.3
3,117.2
363,0
1.528,8
f6,3
2,935,3
242,4
2,129,0 17,422.0
3,(161.4 16,624,2
6,430,1
321.1
9,019,2
827.6
3,390,4
346.5

1,660,0

60,762,7l6.',093,5li23.405,u;73,155,3 43.312,1445,797,5

,

iiJapitin iKi
:>urt4u$.

Baxks.

i

300,0:

MM* at K«w York..

1,660.0
l,638.ol
1.361,3, il,5i7,0, 1,3^1,0
0,644,6 1,93;,8
S46,l
9,735.0 1,417.0
1.704.8!
10,632.21 2.i''.o,3|
1,93.1.6
4,70a.0l
470,0
689,0
0,47t'.b 1,756,3
3,389..'il
417.4
3,111.2
a4 0,.1|
6,864,8 23,068, i 7.250.9,
bil.7
4,11';,5
124,7
8o5,ll
5,5-.'2,l!
1,880,9
651,7
1.940,7
287,»
140,0
213,'i
3,874,0
118,4
lOO.P
1,441,4
&67,h
8,680.3
617,3
370,8
1,4611,9
77,3
260,2
3,764.4
472.4
17.85.VII 2,961,0
1,.'>83,4
20,010.11 2,616,2
3.304,:<
6,285.2 1,050,1
1,003,7
8,320,6 1,427,0
740.6
2S5,K
3.151,5
384,2
864,7 11,585.1 2,109,6
867,1
6,466.4
663,11
161,7
360,8
3,621,0
570,4
4.192,1
4P1,6
1,178,7 14.945.4 4,053.1
474,4
2,802.0
382,7
458,4
3,005,6
887.3
3°«,tt
3.058,7
1H2,'.
785,6
4.16:,
6^4.1
208,0
207.t
3, 1:7,0
694,0
3.394,0
234,6
7,782.2 1,023,1
1,11«,2
3-|3,«
867,4
5,331,2
171,6
2,176.0
376.8
4,406,0 22.406,1 3,512,7
1,995,7 21,513,4 2,051,4
98,8
2,058,7
127,6
376,2
1.261,9
181,9
1,486,0 19,772.6 3.039,4
1106.0
8,183,0
656.6
4,102,0
960,0
227,0
5,369,3 1,179,4
303,9
6,100,7 22,740,9, 3.!8.\3
7,237,0 1,413,2
279,2
1,584,2
127,4
237,9
2.809.4
6;i6,0
897,6
2,06.'>,5
142,8
650,0
2,886.1
359.2
219,9
66i,e
&»6I,7 1,679,1
731,S
4,073,1
99. ,0
2,P7d,4
20it,4
386.0
3,513,5
118,9
H61.6
5,366,2 1,266,9
605.7
3,071,7
224,3
a:9,6
3,051,1
2.'i9.('
697,7
1,630,0
4-3,0
263,0
4,329.7 1,070,9
474,4
2,092,0
231,5
360,0
3,251.0
624,0
136,3
1,960,0
36. .0
73.0
183,9 1I.41C,0 1,174,7
18,ti20,0

1000,0,

MtcbaiiUM'

If ert-buiU'.

[Vou ZLiX,

99

98>s(

Kan. Cit.Kt.Jo.AC.B.— 78 122

,

Deferred lucomes, coup
A Bait.— Tr. c.,4s
Pitts. Ciii. A St. L.-7s,cp.
Scbuyl. R. E. S,— l8t,6s..
Steuben. A lud. 1st m. 58.
United N. J.—Gen. 48
"Warrep A Frank.- 1st, 7s

...

122-

16

..

101 "i

'Phil.W.

12'i>i

105»4 lOSHl

106

107

109^4 11-2^

Wesi Jersey— ist M.,7d
K. City Sii'd A Momp.-6s
W. Jeisev AtL— Ist, 6s 108
K. City Clin. A Spr'd.— 5s
ice's West Penn.— 6s, 1893
Little K. A Ft. S1U.-78... ? --PittsbuiK Br.,fla
108
l.ouisv.Ev.Ast.L.— l8t,B6 S109 112
KAI^TI.MOKE.
,--2dmoit.,2.68
R.4I LRO
STOCKS t
Mar. H. A Ont.— 1923, Cs. «107
80
Baltimore A Ohio
105
85
1923, Hs
120
Ist pref
Mexican Cen —4s., 1 91 1
2d pref
110
1st con. inc. ,3s, 193
Central Ohio ....«
18
46
49
2d con. inc 3.«, l'ii39 ...
Preferred
N. Kng.— Ist, 78 l'28<!i
X. Y.
19»< Charl. C0I.4 Augusta.... ?
50
1st mort., Os
111
Western Marvland
-.
11
13
2d molt., 6s
KAI1.ROAD" BUNDS.
Cons., 61
rjgdens. & L.
78.' 121
Atlanta A Char.— 1st,
Kutland— 58
Incouio, 68
89
Southern Kansas— os
Bait. A Ohio- 4s, 1935... lei's 102
Texas Division— 5s

A

AD

•

y.

V ork.

Juno

,

I

15,564.5 413,829,0 76.410,2 44,717
r,4 440,285,7 3,993,1
115.304.5 41(i.213,4 7.'..07.5,3 4e.lS41,3 442 625,5 3,965.2
115.8.)C.2 41t;,M'9,0 7:1.922.1 45,S.;i1,0 442.170,4 3,988,7
115,856.2 417.4.'iH,3 72.312,4 45,281l,3;44O,(;0U,7 3 947,4
118,856.2 423,405,0 73,155,3 43,312,l!445,797;5 3,953,5

8...

16...
23...
29...

Julv

6...

736.524,0
712.'i9G.ti

728.71)2,8

744,138.1
702;8B3,1

Id. Ion.*
Ullt

-'2

4,624,6 141,094,1 2,538.9 97.708.P
154,737,3110.740,0 4,353,7 138,275,4 2.!)44,2 96.233,1
05,Oi3.„ 158,211,9 ia,481,0, 4,377,1 140,178,2 2,540,8 115,926,0

0.'.,043,.''l.-.6,H3,^,9|10,308,3l

..

-'9...

jnlv

C—

tl.'>.()43.6

«...

6

34,597.81 98,855,0
34,597,8 100,966,0

..

27,989,0

101.7J1.U

26,941,0

;n,.->»7,8

...

27,;<08,0

1

,101,129 (1 2,087,0
102,597,0 2 081,0
1102,861,11 2,083,0

77,568.3
77,943.4
82,175,2

RAILROAD STOCKS!
Gap
amden A Atlantic, pref.
Kast Pennsvlvania
Elraira A W^iiliamspurt...

Hell's

Bank HiwV

+ Including, lor

Boston and Phil

**

Preferred

— Latest prices this week.

List

t

BANK^.

UANkS

Ask

Bid

America

200

Garfield

.Mil.

157

German Ani.;122
German Ex 250

193
Kxch... 164

A.hury Park
1102
Bcweiy
240
BroHdway ... 290
148

230
250

Ctuithani
Chi iiiUal

'300

130

.

N America.. 180

Germania. .. ,270
Greenwich.. 1140
Hanover
.290
Hud River. 148
Im. ATtad's' 525

Orieutal
I'eople's

175

Ci'^'^miila....

193
108
127
230

|170

UO

Plr»l

2000

14tli Street.

Fourth

160
165

Gallatin

1376

Meribauts'..|167

150
200

MelTh'tsEx. 120
.MctioiuUtan 13>s
.Metropolis... 335

11(10

Republic
Seaboard

New

165
126

Nicholas.
State of N.Y.

1'20

ISS Third

120
Tradesmen's.
LTniledSfes. 210

I

Western

1114
St'k..ll82

1.

106
105
.103( 104

2i!
1

West

905....

Side.

1

'

00

.

Is'l

Hm-I

I

i>-St'k 14(1
hl'k.. l42

120
v.-Stk. 100

I

2

I.-

'ijli „..r.

I

in aiort.,

1118
Stk. 1'25

114
ly-Stk. 125
,'1108
78, 1893

Sixth
!lOl'
]121

128
116
;130
1

109

Ave—Stock

lat mort., 7s, 1890,
,Tbird Ave.-Stock
I

.

Bonds, 7s Lsao ..
.Twenty third St.— Stock
I

1st mort., 78, 1893.
I

uw

200

Elahth Av.-stock.
140
195
Scrii., Us 1914
103
lOrt
4'2d A Or'ud St. F'ry-Stk. 218
Isl mort., 7s, 1893
1061s
110
106
42d St. Manh.A St.N.Ave., 39
98
1st mo t, 6s, 1910
115
185
*2d mort., Income, 6a
59
106
Ilmist. W.St. A 1'. r 'y-Stk. 165
17 5
lut mort., 78, 18'j1
1(9
no NintD .We
80
UO Second .-Xve.- Stock
118
144
1st mort, 5s, 1910
11.6

132
103
sum.. 160
108

130'

'

163
105

110
223
41

118
62

no
90
nil
i(l7

102

108

—

>»

25'a

i8t Inc., 5s, 1931
Seab'dARo'n'ke— 59,1926

10

11

{

Bid.

GAS COMP.\XIES.

.\8k.

107 H
65

1(181.^

People's Brooklyn*
I

(.Williamsburg
Bonds, i;,s
86>.i MelropolitaniBrooklyn)..
Municipal — Bonds, 76
Fiiltim Municipal
120
104
BoniLs Os
Equitable
102
Bonds, Gs
102

70
103

Ask
76

'l20

Il3&

108
89

112

127
100
121
110

130
1103

SECURITIES.

40
.\toh. A Pike's P'k, let 6s 100
88
Atl. A Char. Air Line
122
Ist, 78, 1907
Brooklyn Klev'd— stock.. 37
24 »4
BrnUBWick Co

Mt. DC8.& East Sh. Ld.Co.

43

Newb. Dutch.AConu

"'96"

N.
N.

""46'

Continental Con. A Imp..
Uul. s. shore A At.— stk.
Pref

Georgia Pac.—Stock
Ist 6s
2d8

30

25 Hi

82""

«

30

.

O.I.&W.— 1st ace. int. cert.

7I4

20

liSi 16
112"4 112

I

1

y

2d ace.

2^4

int. cert..
- 1st,

Ocean SS. Co.
Louis

A

Chicago

Pref
St.

PaulB.AGr.Tr.,l8t68

|.'*cioto

Val. l8t, 7s, Tr. roc.
Trust receipts..

2d, 7s,

Toieilo Peoria

Keely Motor
Lehigh A Wilkes. Coal...

104
230
110

MemphisA Cha'st.

-"7W
28

Rock A ft. Smith..
5
L.N.A.AC.— C.AI.Div.,riH 105
Little

consols 115

Mex. Nai^Construct'n Co.
Michigan A Ohio

23

8is

32

guar

Peiisacuia <c Atiaui., -.
Postal Telegraph— Cable.

822,! St.

« 30 "si

IH,

""7"V

Ist pref
2d pref
IstOs

O. Pac. Lai.d Grant...

N. Y. A Green'd Lake, Ist
2d mort
N.Y. Loan A Tmnr
N. Pac. P. aOreille Div..
Mi3 ouii uivis oil..
North K1V.C0U8. Co. scrip.

33

61-.,

18

J. •^ioulhern

Newp. N. A Miss. Val
N.Y. V.-.S.d. Buff

California Pacific
109" i"i'3"'
Ist mort., 4(58
106 1(19
2d mort., guar
Atl.— Beneficiary.
7
S's
Chic.
93
C.V. W. A M.-Cen. D.lst. 90

Consul. 5s
Income 58

|

(4

I

SECURITIES,
Am. Bank Note Co

Kanawha A Ohio

Bid.
!

Stock Exchange— Unlisted Securities.

173
106

235
•226

Sd 3s

A

106

97

2d 5a
iS's
33

Gas.Llght
1.10
Bonds, 5s
86
Consolidated Gas
Jersey City A Hobokeu.. I'O
116
Metropolitan— Bonds
102
Mutual (N. V.)
100
Bonds, 68
III
Nassau (Brooklyn)
100
Scrip
Citizens'

New York

250

116

ii'k.

118
175

981.1

i

iiM>

150

IV>.

City Railroad Securities— Brokers' Quotations,
Bl'rkrrSt.
•:»
K. -stk.
30
D. D i-'.B. AB.-Scilp6s.. 106
iKt tii..n
Br'il"
lal

185

3-25

St.

i

1

N. Y, and Brooklyn lias Securities— Brokers" Quotations,
Brooklyn

166
230
200
172
135

Per share.

Cin.

104

A Aug — af. 7s iHO
Wash. A Balt.-lsts

Char. Col.

West. Md., 3d guar., 68.. 5117
Wil. CoLA Aug.,6»,1910. S118
Last price this week.

GAS COMPANIES.
G 8-Light

•

seventh
130
ShoeALeath. 134
Sixth
240

Il5&

York... 213

....

.Second

Ml. Morris .. 175
.Murray Hill. 200

Nassan

1

Phenix ..
|j40
Produce Ex. 113

Mercantile.. .1205

Kiver.
lllh Ward..
Villh
Fifth Ave...

i-..inl

Ask

2(15

Pacific
I'ark

Leather Mfs|230
Liiiccln
215
i'so" Madison Sq.. 110
Mauhattau .. 175
i«7" MarketA Ful 200
.115
.Mccljaiiics'.. 200
132
M'cbs'ATrs'. 200

4^6

I

North River. 140

1000 4500

tH,\
Citizens'

Bid

i

N.Y. Coanty. 420
N.Y.Nat.Ex. 127
Ninth
150

Irvlnn

Butihs'AI,.'. 180
Li ulral
142

Cba.e

BANKS,

Bid.,Ask.||

10&

VaQ..-ist,6s {104

Cent Ohlo-6s, 1890

puii.Ai)Ei.rniA.,

I

* tVe omit two civtiert in nil thue fttfure.*,
Ulphla. the Item ''due toother banss.'i

JKil

1

CapeFearA

Income, 5s

iln.June 22...
29.

i

Incomes
Wiscau. Ciut.— 1st M., »s

I'll

July

I

1

I

J

A

A

v\osl..,

Utah Central.— I8t Gs
VicksU. A Ueridlan — 1st.
2d mort
Incomes
Wab.ash— New 1 t, os

New

2il,

5s

West. N. Car.— Con

68...

I

OS

.

July

13

.

,

—

1

THE

1SH9.J

1

4

Or. R.

LaUMl Earnings B^foried.
Week or Mo

Ind.-

Other IliicH
(irand Trunk.
.

Intjelligeucje.

4thwk J'no]

.

.

Jiine29

..;W'k

& Gr. Tr. Wk .Iuiie29

Chic.

Det.Gr.H.A M.,Wk Juue'29|
March
Hou«ntonlc

The Investors' Supplement, a pamphlet of 150 pag«i>, UouH.iVTex.tJeii. .lune
tontains extended tables of the Funded Debt of States and Iluniest'u.v^hen June
lll.Ccu.dll.ASo.i'Jniio
Cities and of the Stocks and Bonds of Railroads and other
Oeclar F. >V M lii. J une
Dnb. Asio'xC.iJiine
Companies, It is puhlithed on the last Saturday of every
Jniie
Iowa lines
June
Total all
other mofUh—viz., January, ifarch, May, July, SeptemIinLDecA West. June
ber and November, and is furnished without extra charge Iowa Central... Ist wk J'ly
Extra copies KauawhaA Ohio Ithwk J'ne
to all regular subscribers of the Cikonicle.
K.O.F.S. .V .Mini 3d wk J'ne
arc sold to subscribers of the Chronicle at 50 cents each, Kan. C. CI. cV sp 3d wk J'ne
K.C. Wy. &N.W June
per copy.
and to others at $1
Kentucky Cent June
The General, Quotations of Stocks and Bonds, occupying Keokuk .t West. Ithwk J'ne
Kin>,'st'u A I'lMii. Ithwk J'ne
liv pages of the CnBONiCLE, are now published on the Kuo.vv. A Ohio. May

I

1889.

$
5.100
396,302
69,707
20,441
87,391
lKM,i)5M,
1 1

1

j

'

7,948
138,075
146,023
,'2'20,738

I

L. Erie All.

of each month,

I,.

Erie

L.

\-

Rock

. .

1

>t

1

wk

st

Latest Earnings Reported.

1889.

1888.

Jan.

1 to

>

Latest Date.

.

May

.

Auiiistoii

&

Atl.

Aimiston

i-

C'ia.

June
June

Ashv.i' rtpiirtan. .Iuu«
Atoll. T. A- K. 1>.. ItlnvkJ'ne
St.L.K.C.VCiil. 4tli\vk.ri)0
Guir.C'ol.^H.F.jlthwk.l'no
Califor'a Cent. Itliwk.T'ue
Califor'aSou.. 4tUwkJ'iie
Total .-tystciut. tthwkJ'uc
Atlanta & Char April
Atlanta & W.Pt. June
Ic

May....

109,<'26

96.437
24,335
46, 139
,337,661

411,52 t
,769,184
131,386
68,918

1.38

839

li!t,782
35,r,(l2

May

217,716

.35,481

Ccu.KK.JiBK.Co May

285.000
28,242
53.335
466,593

May

.080,021

194.301
12,195
45,i]2
42.843
261,000
24,154
68,807
449,032
,003,143

Cauo

V.
Camilini

).

Uliwk J'no

&

At

. .

i

13,1'24

May

61 Cliic.

o6,340

Ca

laila.VtIaiitio April
CinaUianPacitlo Ist

4i,3(;

wk

Cp B'rctVart. Val' June.
Oaf. Br. U. P Vprll
Centialof N. J..

J'ly

. .

Central Paciflc. April
Central of (<. C. April

,'298,183

,234,1.50

& Sav May
Char.Col. & Auk. June

7,058
53,021
54.300

0,309
42,878
49,704

Cliat.B'me&Col. May
Cheraw. c<i Darl. April

22,4'29

Cliarlest'u

Clie.s.

&

4,872
296,306
146,749
58,792
49,508

Jnnc
W. Jnuc

Ohio....

Clies. O. A- s.

Kliz.Lex.iSiB.S.^Mav

Cheshire
[

cues,
Chic.

Ixsnoir

iv

&

.

March

Maryland

8.32,781

*
798.163
44,64S

LVpril

Atlaiitic.i'Jd

Chic Burl.
Chic. Burl.

A:

A

No

.5,224

wk May

36,661
142,130

>lay
(J.I.May

,10S261
505,490

Lines contrM'iIIMay

Chic.A

Ea.<t. ni.ll.st"wk .I'lv

48.490

Chi^. .Mil. iV.-.-^t.l'. 1st wk J'ly
'
Chic. iSiN'lliw'u. Mi.y..
Chic. * Oh. Itlv. .Iimo
Chic. Pe. A- St. I,. Ma.v.
Chic. St.P.A-K.C. 'June

446,.500
,144,9

4,735
28,016
235,395
481,441
3o,804
5,149
74,072
10,019

.

.

ChicSt.P. vr.AiU. May.

Chic. & W. .Mich.
CIn. Ga. A Ports.

Ithwk J'lie
June
Clu.Iii(I.St.L.vt t'j ithwk J'ne
Cin. Jack.

Clu.-V.O.

I

& Mac list wk J'iv
AT. P. 4thwkJ'ne

9,5,8.50

Ala.Gt.South. tthwk J'ue
N. Orl. A- X. E. Uhwk J'ue
Vicksb. & Mnr. 4thwk J'ne
Vicifs. Sh.

A

47,412
25.723
14,'JI4

ithwk J'ne

I'.

15,306
198,505
9,603
4,742
40,690
46, 79

4thwk J'ne
Cin.Iiich.AFt.W 4lhwkJ'ue
Cin. Scl. A .Mob. Juno
Cln.Uab.AMich. June ..
Erlaniccr

.sysl.

Clii.Wash.ABaltllthwkJ'ne
Clev.AkrouiCol Ithwk J'ne

1

li;,150

Clev. A Canton.. .May
Clev.Col.C.A Inil Juiie
Clev. A Marietta June
Color. Midland.. Ithwk J'no
Col. A Green V ..'June ..
Col. A Cin. .Mid..!lthwk J'm-

34,101
667.640
19.73:i

I

wk

Col. Ilock.V.A- r. 1st
J'ly
Covin),'.&.Mae'n. May ....
Day.Ft.VV.\- Chi. June
Deiiv. A Kio Gr. 1st wk J'ly

Donv. A n.G.W. Ithwk J'no
Deuy.S.PkAX'ae April
Dct.Bay CA Alpl Ithwk J'ne:

!

wk J'ly,
May ...
1st wk J'ly

Def.l,an.s'^'\- .\o[lst

Dulth A Iron

14.

DnIuIhS.S.ArAtI

E.Tenn.Va.,t(ia. Ithwk J'ne
Eva]is.i:lud'i)lis 1st
Eviinsv. cV T. 11. 1st

Fitchbur«

wk

wk

May.

.

J'ly
J'lV
"

Flint. A i". Marq. ithwk J'ne
Fhw. Ky Xav. Co Ithwk J'ue
Ft. W.cln. &L.. May
Ft.W.ADcn.City June

\Shole Syst'in.|Juuc
Georiria Pacific June
I

Geo. So.
Gr. Rap.

A Fla..iMay
A Inrt.. 4th"wk J'ne
.

38.368
40.400
8,598
49.383
6,493
37,069
135,500
41,475
59,289
13.271

20,409
116,M1()

50.351

121,240
4,512
14,620
469,H48
53,109
20,083
24,456
103,132
223,20M
92.198
25.306
58.293

48,627
53,03
53,404
9,072,624
22,327
1,595,969
517,872
398,755

309,019
202,782
1,423,313
6,285,419

1.197,800

457,199
1911,147

325,145
205,527
133. M7S

32s,so,->

6,38s.l.i:!

6.01)1, 31»0

131.379
189,167i
293. s II)
225,7911
2,920,92 1 2,803,93s
4,849,470 4,681,867
4,503,432 4,645,336
38,682
37,939

ill2.sllO

379,9(13
122,1116

11,008'
15,331'
190,5831
10,224i

135,929

117, ii;o

930,190
2.232.377
673,230

27,909'

27,-^21

1.310.216

1.2lll,ll.;l

278.733

211.298

1,718,627: 1,717,238
873,0611
733,779

183.078
266.266
238,008
3,633,013
212,303

406,140
219.419
231,138
3,312,761
199.962

7.3K3
39,197

l-<,607!
23S.37!!'

222,391

46.3 19
18,121

961,713:

9ll2.0-.'4

31,496
612,451
22,497
33,688
32,537

139,109
3,713,738

8,6S!S

51,199
3.33S
31, lot;
137,00()|

3.35,119

19.791

297.192
I30.197
3.30O.710

117, s7(;
790.1911

623,301

311,113
151.633
1.211,968

291, «70
133, S32
1, 3^3,2 11

3il.076

227,013
3.711,015

16,230
190.903
3,6S7,234

]:!0.(K5

6,30,011

3SS.J.)0

83,6371

22S,S13

.317.7.39

11,035
17,172
11,187

266,6(i3

233,161
470,109

30,175

528,960l

29.2S0,
m-ifiii
131. 595 2,Hll,I36

3,722
14,505
415,916
5.3,908

20,119
21,726
S6,202
183,992
89,643:

1 33,030
122,008

2,16-^,"liO

1.1M3,371
368, 157

115,3S0
5S1..539
l,266,313i
6'20,968,

;

81, '293

June

609,280
219,896
50,203
259,175
2,410
71,322
21,335
1 2,494

Nash.Ch. A8t.L.:June
Natchez .lac. *C 3d wk J'ne
Brunswick.,

May

AN.Y. May
June
June
L. E. A W. May
Pa. A ohio|May

N. Jcr.scy

Orl. ct Gulf
N. Y. C. & II. R.

HM..' Tit
19-<.3ilr;

238.i^s-<

3.292
36.117

29,785
1,192,46-

22.373|

123,21(1

271,OOH

lO.Olil

1,133.1.57

36. IH'jl

17.719!
2S0.'J33

39.373
34,7

10,20O
20,616
87,292

163.035
80,815
61.17s
113. 109
47(i.713

194.468
66.547
228.181
2.217

152.01.5

26,:i-j:j

930..3OI
II l,097

335.50k
1,41

I, ^(i.-.

122.396
172.133

131.912
466.165

S.600.1U1
1.113.9S3
1.278,407

8,023,77s

40,2061

36,879
776,323

800,745

],ots,i6(:

1,151,517

3,206,4491 2,001,413
51,7391
1

.824. -2951

2.087.6'26

1.581.289
21.019,
361,096
8.773
3I,.3'23

8,2.56

100,3421

Montana Union.'.lpHl

New

308,970
42,130
31.6KM
20.572

71,1 10|
21,3001

Mluueap. *St.L.!Jime
Mo. Kan. ATex.lJune
Mobile A Ohio ..Ijuiie

New

18,195

12.773

93,916:

3x.V.i>

1

-20,061;

1

443,««2

1 ,

7,421
8,607

366,73

128,361*
1

,587,777

3.141.301
1,477,0181

l,15'2,i'45

1,913,755
1,242,111

516.667
43,0Hk
615,421
2,907.436
1,'200,S58

218,903

232,099

1,664,901
82,836

1,490,015
69,845

67.530'

315,153

18.9.3(1

87,2(>t

32l,(MiT
86,62ft

10.336

82,086
78.s<»:i
16.780,113 16,622.633
9.S81.978 10,364,117
2.366.064 2,421.239
2,119,228 1,991, 6<M>
2S1.260
26O,0!ll
•^19.201
793.919
HI, 731
513,39H

1,111.443 .896.2 ill
i,18'2,58e ,382,879,
N. Y.
N. Y.
483,353 543,666
X. Y. A N. EiiK. . May
476,021 421,139,
N. V. ANorth'n.'June
52,112
52.708
N, Y'. Ont. A W.. 1st wk J'ly;
10,291
311. Is]
110,326l
N. Y. 8usq. A W. May
96.171
83,-203:
Norfolk A We.st. 1st wk J'ly,
lit'
2.3 ,3.(161 2.376.031
N'theast'n (S. C.| .Vpril
1. 109
52,766
211. --39
21 s, (186
North'n Central.,.
May
32-^,996 2.29s, 71-< 2,31s,ss3
.502.1.37
Northern Paeillc 1st wk .I'iv 366.978 32-^.22-i 9.:'36.673 7.767.3' O
Ohio Ind. A W.. 'Ithwk J'ne
(169.7S9
23.378
21.111 1
69S.123
let wk J'ly
71. Oil
Ohio A Miss
60.777 1 ,893.363 1.801,295
Ohio it Northw..'Juiie
ls,>S93
16.103
S(l,005
97,295
list wk J'ly
Ohio River
ll,390l
10,33S
255.09s
203. 3s6
Ohio Southern..! June
31.630
31,183
211.993
266,763
Olii< Val. of Ky.lltliwkJ'no
1.226
(;o.899
2.627,
57.269
Oinalia A St. I,. April
2-^.2 4 1
30.833,
111.033
129,S79
Orci^on I nip. Co. March
321,377 116,110
92S.270 1,174.061
OrcK. R. A N. Co. May
513.613 507.33O 2.123.179 2,262,1 S]
Orei;. Short Line April
915.S60
248,047| 2I1.S43,
706.922
Penusylvania . May
'o, 294,810 5 ,027.760 24.073.217 22,777, S03
Peoria'Dec.AEv. 1st wk J'ly
11,231
10.696
3'25,786
352,102
May
Peterslnii'K
211.(r23
41,360,
31,376
185,287
Phila.
Erie... May
439,499 361.679 1.611,810 1,467,00'2
Phila. & Hcad'«.'.May
,617,673 1 716,611
Pittsb. A: U'esfii May
122,808, 108,1311
561,719
478.546
'

'

29.070

1,292,110,

2,260,337
661,132

.

349,60><
32,'267

«« 1,032
1,913,H2«

43 15 1
150,520

79,872i

I

1-<1,9-1

1H.219

_2s,_lol.
21,9 111
730,270:
146.089'
790,43!!
(12l];l38
,749,1871 9 853, 37o: 8,022.032
441,112 2,808,896! 2,0117,31)2
44,50o! 1,261, 7(.2 1,26;»,<(12
437. 6H0 11,555,211' 10,<l01.77O
,0.10.253 9,049.73U; 9,1911,132
35,1991
22,102
3,986

5,349
62,146
9,867
104,281
36,881
23,984

.

811,229
6,262,823
164,991

23,764
23,596

25,144
103,765
4,247
288,686

A Wo.stI Ist wk J'ly
Milwaukee A No| 1st wk J'ly
Mineral Range

9ii',22i

2,14-^.921

36,34!>i

Ithwk J'ne

('has

JMexican Cent...! 1st wk .I'ly
San Luis Uiv. Ithwk J'ne
;Me.\. National .[June
;Mexican R' way Wk June '22
I

34i,399l 2,002,133

25,117
188,741
472,176

A-

76W,(I5|»

Ml 4,262,

7,221,032
27,087
169,183
20,6331
707,3I»
5.990
121.168
76,236, 2,120.127
1 22,360
27.723'
190,710

12,(K)0

.Mll.L.Sh.

1,383,615
5,93 1,071
1,88^,298 l,90;i 103
7,S37,261
8,173,71
665,22s;|
611. 362
332,7 LOi
107.231
943,313
977,278
1,067,331 l,o2(i, .-,:;;{

933,211
331,056
132,813

Memphis

('cut. ,Vprll

I

50.637

261,197
421,844

143,2i9
75,333
42,599
5,169
48,152

J'ly

Lonisv.N.O. A- T. 1st wk .Ply
Lou. St. I.. iV: Lex. .lune

282,978
417,021
93,310
29,090

4,5-<0,

J'lvl

wk

188W.

G14,8'29 12,3.50.823 11,296,079

26,617
45,285
,760,713

Poionmc May. ...
May. ...
Beeili Crc^ck
Buff.Roili.APllI IstwkJ'ly
.V

Bur.r.Rap.AtS

20,758
14,148
572,315

8,310
410,201
1,605
80,646
14,647
39,321

404,553

.Vi

Total
Bait.

77,(>83

163,311
>
6,768

,35(),1(!0

Pac. Ist wk J'ly
B.i•O.El»:Lnc^ May. ...
Western Lines JIay. ...
Allan

178,183
6,784
7,336
9.275
423,652
1,554

wk

1889.

$
Allenbeny Val

Louisv.&.
Nash V.I 1st
Louis.X. AACh. l.st

771,180

150,6s7

42,861
26,133
9,151

Mem. 4thwk J'ne

70,274
5,431.594
43,170

142.'29i:

4,2()0

June
LouK Island
La. A Mo. Uivcr.l April
Loiils.Ev.A St.L.i Ist >yk J'ly]

60.31 Ml

,051,114

34,8(M)

I

Week or Mo

12.'<60

903,7571 .6,106,770
'<,.t93
13,082

77,567
6,851
8,685
44,893

J'ly

Dalo.

1888.

»

6,.305

.rune"

lliiil..

1 to Latest

1889.

3,9~5
102,2371
98,153
383,H691 9,055,031 8,433,.')61
67.668 1.639..306 1.586,198
2I.1H2
466.33H
.503,K22
69.S40,
2 11.229
204,5,'ia
156.121 1.192.304
983,605

79,668
3,920

June

So.

A W Cst

LehiKh

RAILROAD EARNINGS.

.V

j

Jan.

1888.

,500

1,074,7.35

I

KOADS.

1

49

K0AD8.

AND

third Saturday

1

CIIRONKJLK.

Itttrjestment

gailt0ad

1

370, 009
2, Ills,
1 lo,

s21
3 16

101, 363
2,01 1, 013
1,223, 391
539, lOG
103, 986
440, 386

599,805

99,6211
1.072.134 l,05f),67i

.

j

.

|

A

Pitts.Clcv.A-T. May
Pitts. Pain. A 1". M.-vy
Total system Ist wk J'ly

Pt.Koval

.V-

.Vpril

.Viifc.

50,337

".

Pt.Roy.A- W.Car. Aprt(
Prescott A' Ariz. June
Rich. A- AII'Khy. June
cR.,tD,an. Sys'ni 4th wk J'ne
Rich. A PetersI). May
Rome \V. A- O/id. April
St. Jos. A G. Isl. 1st wk J'ly;

St.L.A.AT.H.B's 3d wk J'ncj
St.L.Ark. ATex.llst wk .^ly
St.L.A San Fran. 1st wk J'ly
St.Paiil

ADnl'lhUuuc

31,967:
38,31
20,802,
21,3691
10,8971

104.804
172,583
25,417,

261,398
19,361
17,560
51,437
90,800
106,590

St.P.Min.AMan.iJune
S.Ant.AAr.Pass.lllhwkJ'ne
Sav. Am. A- Mon. June

593,5.(7

Scioto Valley. ..I51ay
Seattle L. s. A E.lltUwk J'ue
Shenaudoah Val June

51.'.j5

23,376
11.732
5.569
75,000
80,98"

South Carolina ..May

43.992
21.0S1
39, SOI
20.37S
18.498
7.494
53.819
162.964
21.891
251. .307

18,617
16.619
17.129
85,061
150,966
763,125
17,826
7.951
54.710

203,600
113,273

176.331
74,130
912.140
118,899
135,233
143,8801
122.677
65,897,
43.939
587,990
280.25U
5,254,609 4,697.158
122.6'23
108,782
981.968
940,424
363.777
517,763
133.176
413,329
1.489.041 ],2^8,S60
1.0!)S.231

2.651.462, 2,(-06,363

501.090

629,933

3.397,6841 4,090,099

542,911
S5,.886

256,415

4.221

112,145;

77.000
70,7GO

390.000

430.242
39,905
262,467

350.266!

387,460
529,753

So. Paeillc Co.

May
May
May
N.Y.T.AMex. May
Tex. A N. on. May
Atlantic sys'ni May
Paeillc system May
Totalof all.. May
Gal.llar.&S.A.
Louis'a West .
.

298,290
84,273
372.359
12,912
134.683
902,517

So. Pac.

UR.—

304,2551 1,513,76C
69,9'23l

167,336
484,146

'

Morgan's LAT.

158,0941
576,,998
527,960
647,739' 1,934,,328 2 ,195,560
654,,4941
199,741
804,697
333,,114:
89.315
368,921
40,,4'26|
5.947
35,498
111.216
407,,4C1
368,934
122.171
489,,979:
601,469
93,873:
370, 671
442,337

411,257

363.327
10.611

2.088.218
32,018

1,559,319
373,308
2,147,989
12,736

10S.763
616.7!I2
,539,83a
857.113 1.6S1.0
4.683,183
.632
,849,451 3,007!lSl 12!92s!63 13,6.1, 134
"'3
,751,971 3,864.297 17,612,71 18,334,63a

I

No. Div. (Cal.) April
So. Div. (Cal.) April
Arizona Div.. April

1.53,381

NewMex.Div. April
Spar. Un. A Col. April
Staten 1. Rap.T. June

•85,433

3,970
110,750
98,330
86,184
97,143

Summit Branch. May
Lykens Valley May
Texas A PaciUc. 1st wk

96.-<13 3,006, 331 2, 992,063
J'ly
1.S92
16,7io
160, 9.30
295,474
Tol. A. A. A N. M. 1st wk J'ly
I6.9:!S
116, 918:
.'June
21.073
82,698
Tol. Col. A- Cin.
•20.061
513, 337,
16,229
369,379
Tol.AOhio Ceut.ll.st wk J'iy,
Ithwk J'ne
13.732
119. 754I
413.418
16.872
Tol. P. A West..
9.013
122 618,
225.472
17,120
Tol. St. L. & K.C.I l.st wk J'ly!
2 ,341.713 2.312.191 10.270. 419 11, 010,312
Union Paeillc... jMa.v
2,,703,710 3,'209.7.il 10.239, 916! 11, 224,133
Total svstemt.. April
1

'

'

Utah

A-

Sorth'n. April

i

148,971

136,291!

373, 230

579,93ij

H

. . .

-

THE CHRONICLH

60
I«M«( Jam<>w* A«|Mr<«t.
BOikM.

WmkorHo

1889.

Net Earnings Monthljto Latest Dates.

[Jhn. 1 loLaUtt DaU.

show the net earnings reported

lae;

1888.

1889.

1888.

[Vou XLIX.

— The tables follow

this

week, the returns

each road being published here as soon as received, but not
270,130 kept standing from week to week.
The figures cover the
297,879
49,4.50
65,971
67,823
15,314
828,37(1 latest months and the totals from Januiry 1, and also the
942,391
1 43,6(X)
50(i,346 3,039,771 2,911,966 totals for the fiscal year on those compinies whoje fiscal year
195,249
49,.'')47
does not correspond with the calendar year.
8.762
tor

«
56,847

Venaonl

l.'i,783

\

VlMiaU V

l(t7.»00
5.^«,240

WabMb

K<
•WkbMliUi.-'l..

WMb.O.*
Wwlrrn

1-1

221,725
9,930
31.004
67,000
53,000
124,814
06,994

wk J'ly

«>»t Jiinr ...
Jmjc ...
ultJMy

of Ala

».
w,
vk J'lyi

Vll

'

il

•

Wl-.>.ll]-i'l

'

"'

•

1

,t

wk

.I'ly

• WuMMli Uullway now
b Includes

tlic

29,271
00,000

1,.
504.780

220,801
1,458,362

42,!>73

424,394

302,4.'>2

490,83.1

292,449'
438,0251
322,5971

515„335
232,236
443,868
293,419

1,8.57,623

1,7.55,545

127,793
87,506

1.5,480

1,5,163

68,044
75,444

55,701
63,797

248.509

*
<;iie».Ohio

Lex.&B.Saudj

Ell«

Net...
Net...

Mt-nnihls division la 1889.

Denv. &Rio Grande. Gross.

The returns for the 1st
wliich have thus
able, onlv four roads out of the thirty-nine
aggiefar n-poiied for that iieriotl showing a decrease. In the
gate there is a gain of 9-2S per cent
Increase.

1888.

1889.

0/ July.

(irnss.

& North. .Gross.

Burl.

Net...

week of July are unusually favor-

1>/

& 8o'we8t.f;ro8=i.
Net...

Ohi<j.

im-luileiL

Deereate.

&

Hous.

Tex. Cent'l Gross.

Net...
Gross.
Net...
Gross.
New Brunswick
Not...
July 1 to May 31 ) Gross.
11 months
JNet...

&

Minn.

St.

Louis

,

S

•

&

Atlantic

Bnfii'>K.-h

\- Plitsborc.
Pacific

Onadlan
Cu.,

t-^

.

Oh'

...

II. \

A-

111

50,351
4,512

Imtiuiiap..

4t

T.

A-

U
&

Peoria Dec.

«

Texaa

T»tal(39 mada)
Het inoreaae (9 28

36,4-<l

00.7771

39,801
l«',b47l

47,1291

4,3081

85,061
96,-

5,73(>1
30.'

11.892

4,848

16,229;
9,015l

3,832!

10,338
10,C96!

195,249

Gulf

Col.

it

it

Col...

SuutaFe...

Call onihi Central
Callforn!.! S'lUtUern....
Viiieeiine.s .v

Chic.

< hlc.iKo At Ohio ICivcr
ChiCiiKoSt P Ai K. C
ChleuK.'k West .Mich ....
Cincinnati lnil.."t. L.& C
Cincinnati .lack. A: Mack
Cln.N.O.AtT. Pac (5 r'ds.)

Clnclniiail P.lch. At Ft. W.
Clo. Wasii. At. Bait
ri"'f.| ..,1 ^vroii A: CoL..

Colorado Mlillaml
KAit. Oi vJiu.

A; Hlo Gr. West..
Dntrolt B.iy City & Alp..
Petrn't l.ari". A JJo. ,
«Mt Tenn. Va. At Oa .'.'.'.'.

TUnt A Pere
u

Marijuette..
av. Co.

.V .N

Oraiid itiplds

Other

lad

A:

."

30.-

1888.

Nct.lessperman'tcxpeuses.
Pres. & Ariz. Coui'l.. Gross.
Net...

151,379
67,370
08,448
24,539
35,425
6,406,770 5,451,594
2 367,200 1,040,189
2,206,354 1,573,400
43,939
65,897
25,490
44,640
139,107
80,889

8'i,772

424.012
423,183
10,897
7.790

903,757
261,014
254,196
7,491
4,393

ANNUAL REPORTS

7.9 Oi
I

13,267!
1,052
538.

""714

(Jiilcksilver
1,490

Mining Company.

thf year ending April 30, 1889. y)

The report of the General Manager, Mr.
tains the following

J,

B, Randol, con-

:

—

Iteceipis
(iiiiekRilv-r sales
lu'S ellxuojus

$69.3,207 04
20,802 33

From
Frjm

8.105
26,476

275,620
267,762

CFor

Hs^m
Expeudituras

$710,010 22
465,9 02 32
.$250,107

Suril.is

7,858

statement shows 1'16

90

$8-',020 48

1888
Cash on hand
(Jii the 30th April, 1839.
30tli April,

71,321 03

$11,299 35

Decrease

$261,407 23

Making a sura to ha accounted for of

which amount was remitted to the New York office.
The sales of quicksilver compare as follows with those of
the previous year:
1S87-88
1888-89

20.501 flasks $7S5,8'»0, averaging $38 33
•'
33 44
18,082
"
695,207,

.showing a decrease of 2,419 flasks sold, a decrease of §90,673
iu returns, and the slight increase of 11 4-10 cents per flask on
the average result of sales.
The expenditures for litigation were on account of counsel
fees and costs in the suit of Jane M. Gray et al vs. the Quicksilver Mining Company, in which suit further testimony is yet
viutaiaed in good condiThe properties were
to be taken.
tion, and all improvements and repairs were charged to current expenses.
The actual earnings and expenses of each year from quicksilver produced (not the quantity sold) are made up as follows:

m

Hitlland ......

Denver

Fiui 111.,

final

24,154
8,288

-Jxtne

251

Deere€LM.

AtUnUoik Pacinv
Cairo

98

10.473
9,962

3 7
9,647

65,7971

28,242
13,171

SNet...
Gross. 1,074.735

Crntial

Net...

2.8 ";5

7,0001

p. e.)

FreVly report'd (32 roads)
Atih i iiC F. A- I.'sed I's.
St Loul.s K. C.

Illinois

19,135

15,163

For the fourth week of June the
per cent in."rease on 87 roads.

3 montlis

446

60,1 00'

2,834,713

-Jan. 1 to
1889.

1888.

Roads.

38,750

3,152,475

4(A leeek of June.

-June.—
1889.

3,813

77,296
32 '.228

3,804,297 17.612,713 18,334,633
4,794,194 6,107,098

Net... 1,133,334 1,312,106

Net...
\pr. I to .Tune 30, (Gross.

51.437
90.800
97.145
16.740
20.061
17.120
221,725
67.000
15,480
75,444

Toledo Ann A. Ar No. Mich
Toledo Ai Oliio Ontral ..
TolKloSt. I.. A- Kan. C...
Wabiwta (1'oii.sol. s-stcm)
Western .S. V. & Pcnn
WlieeUnK A: Lake Erie
Wisoonaln Central

..Gro.ss. 3,751,971

all.

25
2,943
6,444

20,653
36,41
17,749
239.83
39.57
34,786
87,292
61,178
21,049

19..16I

PaclHe

Tjtal of

31.-%

1888.

1389.

..Gross. 2.849.454 3.007.184 12,928.632 13,051,454
940.210 1,08 4,909 3,702,138 4,784,801
Nc;t ..

.

Cape Fear&YadVal. Gross.

1 1,390
11.234
38,311

Grnas

At

Pitta. Jc West., tot. avai'ra
St. JoaepU .k ur. Island..
Bt. Loiii« Ark. Ac I'exas..
Bt. Lx>ul8 ,v 8an Fran

System

790

14,.5!i5

74,<)44

Morthern Pacllle
Ohio 4 Ml»a!8(.l|ipi
Ohio Klver

I'aciflc

18,S00
2.937
21,071

85,2i>5

Sh.&Wcst.

Milwiiukcc A- NoriUeru
N. Y Ont. A- West
Norfolk ik \Vc8tern

So.

Pacific Co —

May

,— /iH. 1 to

N

1888.
$

7*8,412
709,650
147,762 151,582
245,700
48,301
302,641
49,028
75,3)3
331,0.58
379,903
58,792
88,601
17,210
99,519
15,556
62l,3i8
790, t33
142,130 146, 89
3,897
0,595
297,893
49,914
647,792 057,090 2,878,115 2,870,234
777,520
967,873
264,587 2b3,92S
829,484
176.002 173.503 1,003,34'?
i 83,292 dM51,121
17,397 df.34,4">8
802,012
487,435
107.800 103,001
77,737
77,702
14,437
12,338
321,067
345,155
71322
67,530
82,871
106,301
15,675
19,213
775,134
812,284
253,293
234,867

5,116

366,978

L.

8t.

loiUflVU .V .NH-Uvllle
I/oulKMl e N Alb. Ji Chic
I»ulBville V O & Texas
Mextt-HU t'entr.il
1.

211
24,000
3.990
8,8i0
152

14,«.:0

stem

Mllwaiikw

17.472
29.28(
3,722

1,151

23,596
42.861
18,195
308,970
42.430
34,688
103,76
71.140
21.300
40,294

...

L^i
\a,

137,00(1

2!'.40t»

D

RrAiiHvllle
ET<n!iv(!Ic
1 "

44.500
437,680
9,86"
54.499

10,019
49.383
155,500

'Iiiok.

lci>'10
Ddavcr ,& Kin <iran)*o...
Jl*lrort Lali itii: .V- Xo
il.ith 8. .8. .V .\tlantio..

OOl.

201,001

446,5110

111

Cm-

46,439
33.481

45,285
35.692
285.000
48.490

I'licillo

—

Hay.
Is89.
l-i«»,

£;SBN1KGS.

1887-38.

1888-89.

$775,901
19,136

$602,288
20,803

$795,040

$623,091

$297,607
53,990
2^,277
110!420

(lulcksilver produced (20,500
flasks in ls87-88aiid 15.200 flasks
in 1888-89), averase value $37 85
iu 1887-88 aud *39 62 in 1808-89.

$284,664

$496,:96
$:P8.744

$471,634
$131,457
Deduct 19,833

Prom

From miecellaueous

lirirs

Gmiirl TfMiKiif Canada!!
''
'Pand Tr....
U. AtMll....

Total esrnings.

EXPENSES.

'

Kaiianii

Keokuk

Dlilo.!!!

,v

.

W'est-rn ....

Ai

Kinc«r,,„,». i>,.„ii,mite

lAkeErleA WeKtem
IJlllc i.o >. .V .M.-.ijlials...
LouiHv. N. \. A- iiic
(

Memphis
Ohio

Inn,

Rich.

A

Ban

At

CharliMWn.

A;

L

8.

Total expenses.

Balance
Ore at furnaces

Add

2!»,983

54.i>20

28,312
104,038

Western....

Ilaov. (K roadf)..
Antniil.i A- Ar. Pass

Seaitl.-

Mine pay rolls
Hacienda pay roll
Taxes »uil luiseellaiieous
Supplies mine aLd furuaees...

4

K.

Toledo Peoria A; We'sVern.
Toi SI. i^mlsAi K. C
Wisconsin Central
Total (87 roads)

Wet Imreaae |116

p. o).

$131,624
$328,728
Net earuiugs
The ore account in last report showed an increase of §39,983,
but for the period under review tliere was a decrease in that
account of §19,883, which being deducted from the surplus
earnings leaves a net credit to profit and loss of §131,623, or
§197,104 less than the net earnings of the preceding year.
Wliile the average re.sult of smiles of the year's production was
$39 63 per flask, against §37 85 for the previous year, the cost

:

July

13,

THE CHRONICLE

1889.J

large inoreaseil, bfiug S*) l)f!, against 829 l^", a (li(Terfnc<!
1").
To manufacture lo.SOO tlasks, a8.8«l tons of ore w<'n>
roasted, against 39,839 worked in tlie prtceding year, producing 20,r)(M) Hasks.
" The vicld of quicksilver was only 3-014 per cent, agauist
2-637 and this diirerenee in value of the ore largely accounts
centfor tlie increased cost per flask. Had the ouicksilver
age lieen alike for iMjtli years, we would have made last year
19,800 flasks instead of 15,300— an increase of 4,600 flasks, of
which the additional cost would have I)een only the value of
tlie increased number of empty flasks used, say §3,300; then we
would liave made the quicksilver at an average cost of |33 77

was

of SO

pr

per flask."

The underground work of the mines was mcreased by two
miles of drifting and sinking, making their total about 53
miles, and the 15,300 flasks of (juicksilver produced, added to
the previous production of tlie mines on the company's prop-

made a total of 895,918 flasks, or 68,537,737 iwunds of
quicksilver produced from July, 1850, to 30th April, 1889.
" The total production of quicksilver in California for the
year 1888 was 33,350 flasks, or 510 flasks less than in 1887, and
for the four months ending 30th April last was 8,119 flasks,
against 13,025 for a like perio<l in the preceding year, a decrease of 3,906 flasks. Should this decline in vicld continue
throughout the year, as now seems vei-y probable, the production for 1889 will not exceed a total of 33,000 flasks, and in
consequence we may exiiect a largely increased price.
erty,

61

—

riiat'arol. The holders of the Purchasing Committee's cerare asked to comrauni<;ate with Messrs. Brouwer &.
McGown, 2 Wall Street, Now York, in order to unite with
them in formulating a plan of reorganization.
tiflriates

rievelunil <'iii<-iniinti (.'hlrMisro & St. Louis.— Tlie application of this company to the N. Y. Stock Exchange contains

the following
" The Cleveland Cincinnati Cliicago
St. LouU Railway
Company Ls a consolidation of the Cincinnati Indianapolis St.
Louis & Chicago Railway ('ompany, the Cleveland, Columbus

&

("incinnati

&

&

Indianajxilis

Railway Company and

tlio

Iiidian-

Louis Railway Company.
" It o|>erat03 a total of 1,1.53-21 miles of railway, of which
834-63 miles are owiied alisolutoly (excepting some small outstanding interests in 69 miles), 43-08 miles are owned jointly
with otiier wjmpanies, and 275|4 miles are lease<l. These lines
extend from Cleveland to Columbus, Cincinnati, Indianaixilis
and St LouLs, and from Cincinnati to Kankakee (and thence
over the Illinois Central to Chicago), with several brandies to
intermediate points.
" The cajiital stock of the Cleveland Cincinnati Chicago &
St. Louis Railway amounts to $30,500,000, divided into comajKilis

St.

"While the road, as completed by the Construction Company, was well and substantially built, the expense of keeping

preferred stock, as follows: Common stock, $30,500,or 305,000 shares of 8100 each; preferred stock, 110,000,000, or 100,000 shares of §100 each, entitled to dividends at
the rate of 5 jior cent per annum, if earne<l, payable out of
The
tlie net earnings of the company in each fiscal year.
transfer agents of both clas.ses of st<^)ck are Drexel, Morgan
Co., 33 Wall Street, New York; and the Central Trust Company, of New York, are the registrars of transfers.
"The consolidation agreement proviiles tliat the consolidated company shall not issue any evidences of funded debt
or execute any lease of railway property which may entail incieased fixed charges, except by the consent of a majority in
interest of the holders of said preferred stock, to be expressed
in writing under their signatures respectively, or declared at
a meeting of such preferred stockholders tQ l>e called for that
pur|X>se, with the exception of the §5,000,000 4 ^ler cent 100year bonds, or other evidence of indebtedness proposed to be
^ued for the purcliase or acquirement in lawful form of the
Chicago Railway, or said evidence of inCairo Vincinnes
debtedness is authorized if said purchase or acquirement shall

new

liearafter

&

Denver Texa« & Fort Worth BR. Co.
CFor the year ending December 31, 1888.^
The report of this company for 1888 has just been issued.
Mr. Sidney Dillon, the President, remarks: "The results of
the operations of your company's road, the through "Texas
Pan-Handle Route " between Denver and Fort Worth, for the
nine months since the opening of the road, April 1st, 1888, to
January 1st, 1889, are as follows:
Gross earnings

$1,8";3,847
l,335,Rti3

OperuHug oxiieuses
Net oarnings

mon and

(100,

$518,264

track in good order during the past winter has been large
of ojjerating expenses,
while the loss cjf our anticipated revenue from coal business.
coiLsequcnt upon the warm winter west of the lakes, has sensibly reduced the gross revenue which, under ordinary circurnstances, we had a right to expect from that traffic. The
through business from Europe and the seaboard to the Northwest States and Ten-itories, via New Orleans and Galveston, is
a new channel of trade inaugurated by us, and is a continually growing, remunerative business." * * *
"The demands of traffic over a long Une of road required a
much larger equipment than the Construction Company
agreed under contract to supply to your company, but at request of your officers the Consti-uction Company furnished a
large amoimt of such equipment over and above the amount
BO agreed to be furnished, and in order to reimburse them
your company issued an equipment trust mortgage bond to
the amount of $405,000, to run ten years, with the option of
extension for a second tenn of like extent, drawing interest at
the rate of 5 per cent, 248 of which bonds have been turned
over to the Construction Company in payment for said equipment. The balance are held in treasury of company to pay
for equipment purchased by tliem
"The agreement for the exchange of stock of your company
for stock of the other two companies, held by different parties,
has been fully consummated, and the entire line is operated
under the direction of your company; the other two companies holding intact their organization and complving fully
with the laws of the States in which they are located.
"The contract with the Colorado
Texas Railway Construc-

ami materially increased the percentage

&

&

be determined upon.

"The earnings of the C. I. St. L. & C. Ry. Co. for the year
enduig June 30, 1888, were $2,797,670 16 gi-oss, the operating
expenses were §1,658,158 34, and taxes .564,090 41, leaving net
earnings of $1,075,421 41. For the year ending June 30, 1889,
the gross are approximated (May and June lieing estimated) at
§3,850,000and the net about §1,000,000. The earnings of the
C.C. C. & I. Rv. Co. for the year ending December 31. 1888,were
§7,611,413 24, the operating expenses were 85.3-^9. 727 09, taxes
were 8301,713 58, rentals were !:>644,366 83, leaving net earnings
of §1,435.605 76. The gross earnings for the first five montlis
of 1889 show an increase of §159,859 30 and the net an increase of §157,650 23 over the corresponding period of 1888."

C'noord— Hoslon Concord & M.— Boston & Maine.—At Concord, N. H., Jidy 11, 1889, the Railroad Committee reported
the Compromise Railroad bill in the House. The Concord
Montreal roads are authorized to unite
Boston and Concord
and form a new line, to be known as the New Hampshire
Railroad Coriwration. Tlie new corporation is authorized to
vote upon stock in either of the uniting roads, to make the
capital stock of the new coiiwration 84,800,000, ilivided into
shsres of §100 each, and issue §3,000.000 to the Concord stockholders and the balance to the Montreal stix;khoIilei-s.
The bill authorizes the lease of the Northern and its leased
Maine
lines and the Lowell and its leased lines to the Boston
Jefferson,
Railroaili and the Mount Washmgton. Whitefield

&

&

&

&

Zealand Valley, Pemigewassett Valley, Lake Shore
& Belmont, Suncook Valley, Simcook. Man& North Weare, Concord & Portsmouth, Na-shua
Acton & Boston, or either of them, to the Concord
or the Boston Concord & Montreal, or to the new corporation,

New

Tilton
chester

tion Comimny for completion of vour main line lias been fully
complied with, and the securities due the Construction Com- or their acquisition by purchase. It authorizes conti-acts bepany for the performance of the work have been mostly deliv- tween the Boston & Maine and the new corporation for an
ered."
interchange of business for a term of years. It also authorBARXIXOS ASD EXPENSES MARCH 22 TO DEC 31, 1888.
izes the Boston & Maine to acquii-e the Eastern Railroad, the
Eastern in New Hampshire, the Portsmouth Great Falls &
F. W. d- n. C. D.T.iCF. W.
Total.
D. T. d» </.
Gross esminga
the Wolfboro'
$!)-23,!t8G
$5J1,<I34
$40H,826
S1.8r,3,H47 Conwav, the Portland Saco & Portsmouth,
Operailng cxpeuses. oy»,(>77
ca7,3ei
379,544
1,335,583 Portsmouth & Dover, the Worcester Nashua & Rochester,
the Manchester & Lawrence, West Amesbury branch, the
Net earnlnjiR
$3'25,303
$163,073
$29,281
$518,264 Dover & Winnipiseogee, and the Portland & Rochester roads
Bipended for—
B. W j- o.C. D.T.d: F. WTolal.
D T.<e 0.
the purchase by both the Boston & Maine and the new corpoTaxfs
$4^>'4
$21,726
$4",207
$20,982
terms approved by two-thu-ds of the stockConstrnctlou
5,794
15.882
21,677 ration to be on
Bctteriuenls
77,bs)9
108,707 holders in both corporations.
30,8 H7
Eqiiiinueut
25.659
93,991
104,172
2i3,82Beni Wills
Elizabeth City (N. J.)—The Commissioners of Taxation an42 2111
42,2ill
Survey
203
203 nounce that there will be little if any reduction in the tax rate
KlMUtofway
9
9
The present rate is 2-98, and the valuafor the ensuing year.
over that of last
Total
$107,789
$100,288
$445,!>82 tion of the city has increased about §535,000
$177,905
No general income account, or balance sheet, is given in the vear, the present valuation being, in round numbers, §18,;

leiwrt.

450,000.

Hartford

&

Conneoticnt Western.—Tlie stockholders have

voted to immediatelv extend its line from Tariff ville to SpringThis will enable the
field at an estimated cost of $400,000.
and Western freights.
failed Bonds.— Northern Pacific Pend D'Oreille Di^vi- road to reach Springfield with its coal
8I0N. In our advertising columns will be found the numbers
Hudson Snspeiision Bridge & New Enffland.-Our pubof 304
bonds drawn for payment.
They will be paid Ushe<l statement of last week concerning this company was
on presentation to the Farmers' Loan & Trust Co., N. Y., and misleading in so far as it announced the completion of the
interest wUl aease Sept, 1,
stone pier on the east side of the river. It was our mtention

GENERAL INVESTMENT NEWS.
—

CHRONICLK

'J:HE

62

which

is not widely different.
said that the new construction
in the first six months of 1888,
miles.

the Kranitc base of the steel
lostiiH- that tlu'f..un(lal ion for
w r on the east si.le Ls finished Work l^^ teg""^* ^^^^
the Bull
a.uhor pits, and the force at work at

Clinton on th.Hill tnnnel has l^eu largely increased.
Kaihoad Coinqaiiy
Illlniii« •.••«"-«';^,. Tlio Illinois Central
IIIl„..J.. (Viitral.—
per cent from
^^,^,,^„, ^.^,, aiyu\cx^Ci of 3
,

:

Increase.

1^88.
l(«,451,594

$9

Op*r«On)t exiiKBwe nn.l t»xef .$1,039,570
ino.sto
reriuaiii-iit expoiuea

$3,811,405
04,789

S2'28,"firi

Tout

*l, 110,116

l(!S.87<Mn4

««teaniln»t»

itii!,26«,354

ii;l,075,-iOO

Mile*

"

OltMH

L'^ftS
5,lT(i

iii690.9ol

—

Scioto Valley. By an arrangement made thioiigh their
committee, holders of the Scioto VaUey Railway Company's
first mortgage bonds deposited with tlie Farmers' Loan &
Trust Company can now sell the same at 119, by presenting
their certificates to the Tiiist

—

— The

Governor, Comptroller and Treasmer of
Maryland iuvite proposals until the 7th of August next for
Marylaiui.

)J2,982,3(KI

certificates of

Maryland Exchange Loan of

1889,

bearing interest at 3 per cent per annum from 1st July, 1889,
and redeemable at the ])leasure of the .State after Ist July,
1908.
The certificates are exempted from State, county and
municipal tax' s. No bids at less than par and accnied interest
will

l>e

'

I

received.

Milnniikee Lake Shore & Western.— The following is a
statement of earnings and exijenses for the first six months

June being partly estimated:
Gross nmlnga lo May 31
1889,

$1,192,017
688,182

I

Opt'iutlug ixjuni^es

Net eanilnt:* live months
Estimated net tor June

.*,504 46.5
l&0,.'j(J4

Totalnet six mouths

«654

intereBt and rtiHalsslx luonths

0(19

;i57[.

8'"-«''"»

Co

Soiitliern Pacillc Itoads in Texas. In consequence of recent legislation in Texas requiring that the principal office of
a railroad company shall be located in the State, the Southern
Pacific Company, which operates several lines in that State,
will modify the leases so that the roads will be operated as
separate coi-porations. The bu.siness of the Southern Pacific
system will not be affected and the change to separate organizations is made only to comply with the statute.
The present
lea.ses will be canceled and new ones made, under which each
road will have its separate otBcers.

—

Sugar Trnst Decision. Speaking of the decision by the
Term of the Supreme Court in the suit of the people
against the North River Sugar Refining Company, General
Roger A. Pryor, counsel for the people, said " This decision
ends part of the litigation. The receiver, who has Ijeen in
General

I

:

I

Lyiiehhura: & Diirhain. Tliis road is in process of construcby the Penn Constioiction Company. It is completed 30
miles "south from Lyachbm-g, Va., and will be com))lete<l
through to Durham. N. C. by end of the year, tlie whole distance being 113 miles. All the rails and a good portion of the
eijuipment are purchased. Lynchburg and the counties along
the Une subscribetl the capital stock to the amount of $566,000.

Company.

—

;

tion

be

We

;

pleted.

it

may

half of

course, at this season of the year, it is difficult to ru^h things.
People are scattered and we cannot get together until fall. An
exptrt has been over the property with General Alanager
Doddridge, and he will submit a report to the first mortgage
bondholders. The road is doing very well, and we are looking
for a good business for the balance of the year.
are cer»
*
tainly in a condition to handle it."
jfj. Moore, the
ejcpert, has completed his inspection, and is understood to
be preparing his report."

3ii,057

PhiladelI^hlih V.llPT.-Messrs. L. H. Taylor & Co., in
reliable auphia, sav in thrircirciUar: " We are enabled on
Va ley RailUioritv to inform llioee interested in the Lehigh
dra\yn
road that the contract, which had to be so carefiiUy
owinc to the numl)er of water rights involved, wlicrehy tlie
for their
city of Newark is to par the Lehigh Valley $6,000,000
Morris Canal, is now ready for the signatures of the contracting parties. Tlie canal way from Newark to Jei-sey City is retained by the Lehigh Vallej-, part of which will 1^ utilized for
the road"-bed of their new hue to the docks in Jersey City.
IiOul8vllle k Xut.hvllle.— The company has made contracts for double-tracking several jjortions of the road, viz.,
from East Louisville to Anchorage, 10 miles South Louisville
to Sheplierds\-ille. 15 miles Edgefield Junction to East NashSiuTevs have also been made for a double track
ville, 8 miles.
from Boyle to Oxmoiir, A hi., 9 miles. Work is progressing on
the extension to connect with the Norfolk & Western. The
gap is 87 miles, of which IT miles from Pineville to Cumberlaud tian will be finished in the next 60 days. It is exjiected
the whole Hue will be completed to Prince's Flats, the iwmt of
connetaion, a year from next fall. Five per cent bonds at
$15,l)0() a mileunder the branch line mortgage authorized in
188T will be issued to pay for tnis extension as the road is com-

when

it

what it was
aggregated some 3,000

was about

:

Jtuie 30 1889 i)a>, of the six
Transfer books will be closed trom
3 IKHl).
•'
Tlie statement for the
until SepteniU>r 5, 1889.
iiouthb uf l«tt9, ittirtly estimated, allows
1889.
2,275
.....>6.406,770

Taking either report

XLIX

St. Lonis ArknnxaB ic Texas.— The i'e]x)rt of an assessment
on the first mortgage bondholders was eiToneous it was
merelj- the usual request for §1 or S2 from each bondholder
depositing in order to defray committee exix-nses, &c.
Receiver Fordycc has returned to St. Louis and is reported
assaying: "Tlie situation is altogetlier encouraging. There
is a disposition on every side to do the best thing for the common interests, and as soon as jiossible arrangements will be
made to take the road out of the hands of the receivers. Of

months ended

i

fVoL.

I

i

all along, but under injunction, can now act, but the
North River Refinery, being the weakest aud productively the
most insignificant of all in the combine, it is not in his jwwer
to do anything that would seriously affect the situation. He
has, however, brought suit for the dividends due the shareholders of the company, and this suit can now be proceeded

charge

with. What we are looking for is the Supreme Court's action
in the suit to forfeit the company's chai-ter, and if Judge BariTett's decision in our favor is affirmed, it is an end of tliis
Sugar Trust.
" Of coui'se the case will be appealed whichever way the
decision goes. In anticipation of an unfavorable decision,
the trust, I have no doubt, will undergo a metamoiiihosis to
escape the decision's effect. For example, each one of the companies might, in anticipation of an advei-se decision, transfer
* *
its property to some other corporation or to individuals."
" Just how .soon the decision of the
The Times report says
main question may be looked for is a matter of particular
interest.
The Judges, who know that speculators are
ready to act in anticipation of the decision, will undoubtedly
render it unexpectedly to aU but themselves and thus defeat
outside machinations. Just one little fact is regarded as an
indication that the decision may not be long delayed. It is
noted that the General Term of the Sujireme Court has only
taken a recess vvliile all others have adjourned over vacation.
:

—

Trusts on the N. Y. Stock Exchange. Tlie New York Stock
Exchange has an "unlisted " department, wh^re corporations,
prefened st.ick. although the first half of the vear is less fav- trusts and possibly other concerns whose legal status is not
orable for eai-nings than the last half. The last dividend
was well defined, can have their certificates dealt in without makBooks close July 20 and reopen Aug. 16. Divi- ing any statement as to their finances or operations. To the
^/i IXM- cent.
.$297,969

The company has declared a dividend of

dend

i<ayable

Aug.

Sk' per cent on

15.

New Haven k Derby.—This

road, extendmg from New
Haven. Coiui.. to Ansonia, has been leased by the Hou.satonic
Kaih-oad Conipanv for a jieriod of 99 years. Tlie
lease takes
effect July 10.
The terms are fixed chaiges and §9,400 per
year for the hrst three years, $U,100 jxr year for
tlie second
three years, and 818,800 i)er year for tlie
remaining nmetvthree yeara. Tlie road, wliich is twentv-two
miles in length
will hereafter lie known as the Derby
division of the Housatonic Koad, and gives terminal facihties as
weU as steamboat

connection at
1^^'
(.

New Haven.

'*'*""!?

Kxrhange—New

^;.
ommittee on btoik

List of the

Secnritics Listed.- The
Stock Exchange

New York

public it simply appears that the.se various certificates are
dealt in at the New York Stock Exchange and under its sanction and authority, and tlie mere title of "unlisted" does not
remove the responsibility in popular estimation any more than
a sub-clause in fine type removes the responsibility of an express company or a life insurance company.
The result of this method has been well shown up this week
when, as in weeks past, millions of Lead Trusts were bought
and sold under the impression that only §60,000.000 were outstanding but there were really §83,000,000 of them out.
The Times remarks: "It has always been something of a
mystery as to what was the capitalization of the trusts, the
certificates of which are dealt in among the unlisted securities

—

on the Stock Exchange. The Exchange itself did not know.
"'« Governing Committee, has Frequent inquiries were made, and the question provoked
nHrl'S?."",' ",?V*'i""'y ^T"™
added to the lists for aeahngs the following
securities:
much discussion. The Exchange finally sent to the registry
Chicaoo Burlington & Quincy Railroad.-$2,000.000
offices of the different ti-usts, and yesterday the officers of the
additional con.wlidaled mortgage seven
making the total amount listed §16,998,000. per cent bonds Exchange were able to tell the public something about them.
Tlie companies furnished the following flgui-es
<-"'^"c»-'>NATi (jHicAco & St. Louis
$83,018,800
Railway.- Le:id Tins', capitali/ed tor
S20^.fi<?^;;V''"
«^0,..0<),0(XI common and §10.000,000
Cotton Oil Trust, capitalized for
42,ls5.'J00
preferred stock.
:

Mii.w.vLKEE

& Northern Railroad.—S1,020,0(K)

a&!6.?;!tr^'

"^""'^ "'

first

con-

19'3,mak4'the' toial^^o^t

8ugai-Tru8t,caiiit:ilizwi lor
Anierieau Cattle Trusl. caiiitali/id for
& Cattle Feeders' Trust, eapiiallzed for

Distillers'

49,8."i6..">00

1:1,396.100
ao,7if6,i!00

" Total eapitalization
f 219,1 83,200
Kailroail Conslriiction in ISSD.-Tlie
Railroad OcizettercOf the Cattle Ti-ust, only §1,739,700 are registered in New
"^ '"'":,'•"'"'« in "le first half of 1889 as York, and of the Distillers'
Cattle Feeders' Trust only
HlO niile^; tl„( liuago Jiaituay Age makes it
1,410 n,ii..'"'<i''",''.*'""
1,522 miles ' $3,886,600,

&

July

THE CHRONICLE.

13, 1&69.I

Trust Comimiiies in X«w York ami Broikljii.—The f.Ilowing trust companies have fildl their seini-aununl ri,-i)i.il:;
for tlio six months enUed Juno 30, 1889, in the Banking DeIjartnient at Albany, and the figures are given by the N. Y.
Times, as below:
THE I'.MIMEHS' LOAN * TRUST COMPANY.
RiBoure;

».

$230, 100

Bonds at rt iuort)f«Ke8
market value
SUii'k iiives'ineuirt
Aiiioiiiit louuid on eoUiitcriils

m

^.HfiO.TiO
lB,777,v;7l

Aiuounc liiuiicdim iieismiHl Becurltica

3,5^it,8liO

Kciil (Ntnto Uiesoiit fslimmca
Cash ou deposit la liiiuks

2,S7(',iH»>

51»,H7:i

v.liiiO

on liiiiid
Other as8-l8
Casii

General deposils
Other llnbllltles
Iiilerest

$1,000,000
3,'245,tOi
27,233,-2Hl
10.'>,x4:j

Total ttiuouiit interest ami prollts rcotlved
Anioui t Inh real laid iteposliors
Expeiises oT lirttitntion

.53.5, Mlil

223.300
63,G(>8

eapitiil stoek, payable Fell. 1 and
sits 0(1 wliieli iiitero.^t Is allowed

Amount diviMs on
amount Ucin

May

1.

100,000
2I,386,(;7t

ATLANTIC TKL ST COMl'ANY OK NliW YOKU CJTY.
$219,499

Bonds and luortKaKes
Stoek invefttuicnis utmaikct value
Anioui.t loamd ou collaterals
Casb ou deposit in banks
C'a.<li on hand

6'13,8iiO

6,OJU,l.'8
32(.i,a42

327
5?,7'.^(i

us- ets

Liabilities.

$.500,000
.500,000
25B,.559

Capital stoek pa!d In

SHlplusfnud
Ui Uivide<l prollts

Deposits In trust
GcLeial dep(sits

9,H2(i
.--.

-

6,58(>,.50.i

lti,562

lialulilii 9

Total amuiiut interest and prollts leeeived
Amount intert st paid depositors

Expenses of

180.101
73.102
17,3,i0

iiislitulion

Dividend.^ declared

iiaj

aide Jan. 2 and Apiil 1
interest is allowed

25,000

Amount deiositedou which

KXICKEKIIOCKER TRUST COMlMSY OF

NEW YORK

6,53b',410
CITY,

Cash on depoi-it
Cash on hand
Other asstt-i

$98,500
7tj(i,170

1

I,544,5ii0
31,'.ttO

.-

5,759
247,774
59,250
41,019

banks

In

LiabiUtiis.

CapitaUtoek paid
Undivided pronts

$500,000

in

130,052
517,087
1,633,532
13,532
56,250
15,893

Dciioi-itsin trust

General deposits
Other liabilii li s
Total amount interest (Hid deposits received
Interest jiaid depositors
institution

Expenses of the

14,t'59

Total amount deposits ou which interest

la

allowed

1,324,821

Bonds and mortKages
investment (at market value)
loane Ion collaterals
liKiued ou perooual securities

Jieaourcea.

$282,0C0

...

Stock Investments at mai ket value
AmouDtloune'l ou eollateials
loaned ou per.-onal eccuritlis
Cash on deposit in banks
Cash on hand
Other assets

1,218,433
2,321,679

Amount

YORK SECURITY AND TRUST COMPANY.
cea.

Stock investniciits
I.,oaned ou col'ateial

$1,006,200
1, 264,500
781,217
109,182
9,132

Loaned on personal stcurity
Cash on deposit
Other assets
Total

$3,170,231
Liabilitiet,

Capital paid iu

$1,000,000
500,000

Surplus fund

Unaividul protlts

Gemral
Other

1,767
60i',600

111 trust
deposits...

,

liabilities

Inteiest on oommisslons, &o
Interest paid and oiedlted
ioteiest is allowed, 13;
Kates of iuterebt 2 and 3 per cent.

new

1,051,922
14,042
17,249

433

^

Expenses
Deposits on which

This

8.'0,00a
1,861,2.^3
lOS,!©.!

Olhira-sela
Liabllltiei.

$1,000,000

Undivided prollls
DeposI s 111 trust

3,>-15,3l5

amount

thereof..

10.138
1,608,822

W'ASIimijTON TRUST COMPANY.
corporation reports its operations from June 10 to

29, 1889, as follows:

amount interest and i ommbalons received
Aiuouiii interest paid depositors
lOxpensisof institution
Amount ileposiia on which interest Is allowed.;..
Amount iloposits iimde by order of court

Total

S244,210
788,000
35.000
633,292

lioaned o» collateral

Leaned ou iiersonal securities
Cash on deposit
Other asaita
Total

4,913

„

$1,705,416
Liabtlitita.

Capltaliaidln
Surplus fund
Undivided protlls

69,7M
22,113,098
2.50,5.515

1 and .^50,000 July 1, 1889.
METROPOLITAN TRUST COMPANY OF NEW YORK CITY.

Dividends declaied— $50,000 Apr.

Resources.

,

Bonds and iriort gages
Stock iiiveetnieuta at market value
Amount loaned on eolla erals
Ueal estate, present value
Cash ou liiind and on dcposi'
Other assets

$192,500
2,484,554
6,078,285
465,000
470,741
71,453

LiabiiUies.

Capital stoek paid in

$1,000,000
631,764
8,018,067
72,683
290,423
98,378
19,735
30,000
7,899,003
13,574

Surp uslund
General deposits
OiherliaiiilHies
J...
Total amount interest and commissions
Amount inteiest paid deposi ors
Ex|ienses of Instimnoii
Ainiiuut (liv deiid declared Feb. 1

Amount dcposns

oikwliieli

iiiti

rest is allowed

Amoiiut deposlis by order ol court

MANHATTAN TRUST COMPANY OF NEW Y-ORK

CITY.

Bonds and n ortgages
Sloek inveslments at iimrket value
Amount loaned ou collaterals

$35,000

„

Due from banks
Cash on hand and on deposit
Other assets

1,554,186
2,810,838

400,000
670.663
84,288

Liabilitien.

Capital stock paid in

$1,000,000
103,627
16,158
4,662,573
22,bl8
$99,210
25,823
23,970
4,563,813

Surplus lund
Deposits lu trust
(ieiieral deposits
liabilities

Other
Total

amount

lulcrest

Amount intai eat

and commissions nceived

paid depositors

Expenses of institution
Amount deposits on which Interest Is allowed
AMERICAN LOAN AND TRUST COMPANY OF

NEW YORK

Bonds and mortgages
8ti ck investments annarket value
Amount loaned on collaterals
Amount loaned ou personal securities...
Cash on hand and ou deposit

CITY.

$55,000
682,778
3,3116,6-17

248,p50
728,891
203,540

Liabilities;

$1,000,000
117,035
39,007
4,061,451
8,214
82,241
41,133

Undivided prollts
Deposits intrust
General deposlis

OUier

liabilities

amnunl interest and comniissU ns received
Amount inicresl paid depositors

Toiul

Expenses of

Instil ul Ion

Amount deposits on which

24,9t-9

inteiest

is

allowed

3,593,696

NASSAU TRUST COMPANY OF BROOKLYN.
ReaourceF.

Bonds and mortgages
•Stock Investments, market value....
Amount loaned on collaterals
Cash on hand and ou deposit

$427,700
1,0.''1.772

1,547,333

2?#,614

Other assets

15,79^
LiabiiUies.

Capital stock paid iu

$500,000
47,446

Undivided piutlts
Deposits iu trust
Gcneriil deposits

Othir

liabilities

Total amount interest and iTottts received
Amount interest paid depositors

Expenses of iustltutlon
Amount of dejosits on which interest

Is

allowed

;

8,564
2,734,312
30,890
74,698
1*^,264

8,373
2,732,225

Western Union Telegrapli.— Tlie judgment for $242,000
rendered against the Western Union Telegraph Company, in
the suit brought by Colonel Jolin G. Famswortli as receiver of
the Bankers' & Merchants' Telegraph Comiiany for damages
The New York
through cutting its wires, has been reversed.
Supreme Court is of the opinion that the verdict is excessive
and therefore reverses the judgment and orders a new trial.
Western Railroad Kate".— At the meeting of presidents ot
the Inter-State Association in Chicago it was agreed to ipiore
the loug-and-sliort-hatal clause of the Inter-State Commerce Act

Remurcet.
Stock Investments

8,340,0V2
10,461,172
220,504
716,260
218.772

Geucnil deposits
Other llabilliles

Capital stoek paid in...

72,968
38,972
3,397.552
19,511
70,270
26,398
9,905

1

Deposits

300,604

Uo'lcsta'e, present value
on baud and ou deposit

Othtr assets

$500,000
250,000

Surplus (mid
Undivided prollts
Deposits in trust
General depi sits
Other nubilities
Total anieutit interest and protlts received.
Interest paid depositors
Expenses ol he liisiUiiliou

\

4,28 l,r 00
6
22.22fli40U

C.iah

199,510
23,564
18,037

Capital stock paid in

Besoui

,

Amount
Amount

21-5, 7d9

Liabilities.

> t'.W

« 10.000

.Slooii

Reatyurces.

FRANKLIN TRUST COMl'ANY OF BROOKLYN.

Bonds and morfgascs

CITY.

Rcs^uneH.

Bonds and niortguKes

Amount

COMPANY OF NEW YORK

951,373

Renonrcea,

Rentiirces.

Stotk Inveslments at market valiie
Amount leanid oil collaterals
Amount loaned ou perstmal securities
Overdrafts

291
730

............... .,,..,,...,.
Interest Is allowed, 17, amount thereof..

Deftoslisou which
CF.STIIAL TRUST

Risourcen,

Other

4,482

paid and credited

I'^.xpeiiHos

Capital stock paid In

C«I.itaUt<<kpaldln.
Suriilus fnml
Deposits 111 trust
Othor Ua liltics

Other

$061,373
291

InturesC. vuiiiiuisitions, itc.

o''^''
18S,"J8^
Liabititiei,

Total

'

53

$500,(00
250,000
3,753

and

to

meet Lake and Canadian competition while mam-

taining local rates. The resolution passed was as follows
JfModerf, That the lines interested iu the St. Paul and Minneapolis
traljio bo n quested at once to open neg. liations. thmnah the North,
western Division ot the Western Freight A-sodalion, with tneir
Eastern CO umctions. with a view to make such .iolnt tarllfs and rates
between all ; oluts rei.elu d by the Canadian routes and Lake routes, a.s
shall meet any and all rales made by said Canadian and I.aki routes,
and thai 111 tlie opinion of this committee a disslmllaiity of ciroumstances and conditions exists which Justifies the meeting of said Lake
and Canadian eompttltion, Regardless of Intenuedlate rates, m^
:

THE CHRONICLE.

5t

COTTON.

'iitmrs.

CTotnmerdal

5:ive

[Vol, XLIX,

Friday. P. M.. July 12, 1889.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 2,130 bales,

The Movement of the Crop,

COMMERCIAL EPITOME.

Friday Night. Ju'y 13. 1889.
against 2.4t7 bales last week and 1,961 bales the previous
trade and commerce the transact. week: making the total receipts since the 1st of Sept.. 1888,
In in«t dei«rtiaent8of
at this 5,'!92,2<)8 bales, against o,448.S3o bales for tlie same j^eriod of
on the scale usually observable
Joni. »re proce^UnK
of the country promise 1887-8, showing an increase since Sept. 1, 1888, of 43,333 bales.
Sriod of the year. The cereal crops
quiet

are as
markets as a
Z be satisfactory.of S,KK;«lative trade. Taken rule a whole the
as
legitimate

„

the channels

There

essenUally new
buHine^ situation is without
conmidsiumner (yiietneas, but the underlymg
is tfae usual
features.

RfceipU at—

25
5

PRICES OF VXXD FDTUKES.

36

146

a fm<ill extent at lower price? closi@$!3
prime, |12 50@$!3
ing weak at |11 25@$11 50 for extra
new mess and $)2 50@|?.4 50 for clear back.
for
close
but
sale,
of
slow
been
have
meats
Cut
do. bams,
steady, with pickLd fhouWers quoted at5M@5%c.;
Ibn.
ll@n?ic. and do. bellies. ^U^IVs^^-, 10.000 lbs., 10 to 12

2

,

Smoked

shoulders are

average, selling latterly at li'i'Hc.
quoted at tj^@6j8C. and do. hams 18J^@13c. Beef is dull at
India
$7 for extra mess and $9 for packet per bM.; extra
Beet hams are st.ady
|12 50(a$15 per tierce.
mesB
per bbl.
at
$14 5"@$15
and in moderate demand
Tallow is quiet hut steady at 4Mc. Stearine is quiet

Oleomargarine is quoted at 6c. Butter is dull
and lower at 12® 17c. for creamery, with Western factory 8®
Cheese closed dull and weak at 8>^@8?^c. for fancy full
lEc.
aX^^(!St'^%<:.

crtam State

factory.

advanced to ITV^c. for fair cargoes with a better
demand, advnncing pricM of late in Havre and a rise in op
tioDS here. The estimates of the Rio crop have been in some
cases reduced. The speculation in op ions has been less active
at the advance. The quantity afloat from Rio for the United
States is quite small, but this is believed to be due to the fact
that in Rio Janeiro pi ices are higher than in this country.
The closing a»kine prices here were as follow*
Coffee

ha-"

:

July

AamMt.

Mffto.

October

14-.*)Oo

Ser'eniber....i465c.

I

I

14-70c.
14-75o.
14-750.

Noveiiilier

December

|

|

Jamiary
February
March

14'7.5c.
14-'-0c.

sugar has been less active at easier prices, owiciK
partly to a lower market in London. Fair refining clostd
here at 7 3-l6c. and 96 d-grees test centrifugal at Si^c. Standard crushed sugar closed stea 1y at 95^c.
Seed leaf tobacco has sold to only a moderate extent, but
the market has been ge lerally firm. The sales have embraced 300 cases 1888 crop, Pennsylvania Havana, on private
terms; 250 cai-es 1886 crop, Pennsylvania seed leaf, at ll}^®
14c.; 75 casts 1887 crop. New England Havana, at 13@l(5c.;
100 cases 1M87 crop Wisconsin Havana, at llj^® 13c.; 100 cases
1887 crop. State Havana, at 13c516c.; 150 cases sundries, at

Havana, at 6Hc.@tl 10, and 250 bales
Sumatra at |l 45$t|2 10. Kentucky leaf has been firm, but
without quotable advance; sales 350 hhds,, of which 150 for
700 bales

55

the Metal Exchange trade has been quiet.

Tin has

bowevir advanced to 19-70c. for Straits on the spot
and 19-80c. for October. Copper has been dull and closes
at 11 •85c. for Lake Superior for July.
The companies
quote 13c. for Lake on the spot. There is said to be some
tnmble among the copper companies growing out of the allegi-d refusal of some to abide by the pro rata agreement as
to
wites mado on May 15. Lead has fallen to 3-90c. for domestic
Spelter has been in steady demand at .5 05{d5-i0c.
Pig iron has been firm here and in
domestic.

for July.

for

the

Steel rails

@|38

with
have been

interior,

at

and fairly
and steady

a
in

gradiially
fair

at

M0@ri2)^c.

Crude

for

Rosin

common

has

been quiet

good strained.
demand and firm as 7-20c.
to

certificates close at 91?^@9i;aC.

quiet but firm.

demand.

firm at $a7 50
turpentine has been steady

Refined petroleum has been in fair
here.

increasing

demand and

the mill. Spirits
active at 37?i@3SJic.

24

220

218
14

2

95
56
26
40
18

4

8

17

20

1

56

West Point...

26

N'wp'tN's,&c.

40

New York
18
2

Totals this week

105

531

206

216

239

431

118

507

11

PbiladclpU'a.i&c

2,130

For comparison we give the following table showing the week's
total receipts, the total since September
to-night, compared with last year.

Shiee Sep.
1, 1888.

July 12.
Week.

1888,

and the stock
Stock.

Smee

Tftin

We'k.

1,

227

Sep.

1889.

1887.

1888.

654,912

223

1,223

19,005
1,031

51,845
3,207

1,143

2,701

383,349
15,860
151,973
4,369
484,871
411,015
136,222
130,701
103,517
66,079
51,317

2,698 1,745,786
84 204,396
2
24,313
1,030 867,858
75,716
745 419,299
16,392
107 168,032
4,932
498 485,664
503 404,164
33 114,906
474
94.488
514
93,321
6
48,104
105
26,652

138

1,032

262

1,107

522

5,382

133,214
2,800
1,026
6,043

153,877
5,000
4,978
6,392

2,130 5,49'i,268

7,026 5,448,935

165,407

236,749

670,983
23.096

31
27

Galveston...
EI Pa80,&c.
New Orleans.
Mobile

1,249 1,677,430

10

209,'Jo4

220

27,010
812.9^3

Florida

Savannab.

..

13'.:,099

Brun3.,ic.
Charleston ..
P. Koyal.&c

WUmiugton

8

218
14

.

W"asb'tn,&c
Norfolk

95
50
26

West Point.
NwptN.,<fcc

New York.

40

..

18

Boston
Baltimore.
Phll'del'a,

1,

1887-88.

18S8-89.
Beeeipta to

..

ic

118

Totals

.

In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts at-\

1889.

Savannah.

Wool has been

i

1886.

1887.

1884.

1885.

227

66

406

2,698

1,937

84

20

3,455
81

180
500
38
6
9

107
590
48
360
67

1,030

21

745
107
498
529

240
127
989

1,108

1,198

3.094

1,110

2,430

2,130

7,026

4,60tt

9,271

1,972

3,810

Charrst'n,&c
tVllm'gt'n,&c

Norfolk

W "t Point, &c
All others

Tot. this week
.

1888.

wa

220
226
14
95
82
176

..

Smce Sept. 1

j

58
1,249
10

Galv'ston,&c
New Orleans
Mobile

827
819
5

2

5

7

400
384

14
22

197
4

:5492,2(>8l5448.93.i 5198,803 5282,86814719,131 4798,684

The exports

export.

On

10

14'7.'ic.

Raw

6@3.'>c.;

1

1,249

1

1

Boston
Baltimore

sold to

Pork has

31
27

27
90

215

9

5

Norfolk

Oi'I. lUllvery..

Toua.

Frl.

3

389
4

99

431

prices in sympathy Florida
Lard has sold more freely at declining
Savammli
Today the market wax
Bninsw'k, &c.
with weaker WfStern markets.
6-63i^c.,
AVrst^rn sold at
Charleston
lower and less active, with 250 tcs. of
Refined for the ContiPort Royal,&c
and 100 tcs. of prime City at 6-15c.
WilminKton ....
quottd at 6"50@7c.
nent was
Wasb'gton.&c
CI-0lin«0

6

218
14

El PaBO, &c...
Xew Orleans...

Friday
Salvrd-y. ifnnrt'y.Tvv-dJv-Wedn'jfy. ThuriKTy.
•6i
6-6H
6-74
6-:
675
«-75
Aii«t. delivery. ..c.
6-71
6-76
6-80
6-81
fi-82
Bepi. ii.-llvi.ry. ..c. t>-8S
6-71
6-77
6-81
6'8»
.,c. 6b7

Thuri.

ITerf.

T'leii.^

20

2

.Mobile

ditioM are favorable.

DAILT

Mnn.

Sat.

Galveston

week ending this evening reach a total
which 6,477 were to Great Britain,
to France and 2,871 to the rest of the Continent.
Below are
the exports for the week, and since Sept. 1. 1888.

of 9,348

for the

bales, of

Week

From

KtfrttT.y .luljt 12.

Exported to—

Exportt
Great

from—

Brit'n.

GalveBton. ...
New Orleans..
Uobtle
•iavannnh

Conti-

France

Total

runt.

Week.

e80

tB»

'.:::::

Biunswick

West Point.

.

1,600
103

Total
1837-88..

46

188».

fwnt.
87.627

Total.

814.442

4'27.86l) 1.464.S81

e.:i&a

88,1164

25,740

177.H61

XbT.fH

22.fl«5

100.747
202,t74

229.858

43.1(54

aiil,l(-9

so.»7a

227.734
135,217
45.954

3.S50

11-3.451
12,301
97.737
261.154 1,009.313
3.751
«31.4f5
69,849
197. 98
69.165
ISJill

»,34S 2.S«3,»80 iw,2.SI 1.377.989 4,641.210

6.477
28,«44l

12,

50.498
323.879
88,318

11.542

4fl

4TS

ToUl

70(1,274 37(1.281

7,B1S

BHltimure
Plilladelp'a,&c

21.07fl

97.737

...

6,958

July
tn—

Ootitt-

Britain. France

60.4»<
(«.47W
44 .MM
M.ISil
78.U82
ais.Hsa
171.093

Oaarleston ....
Wi-mlngton...
NoifolU

NwptNw8.4c.
New York

Oreal

20O.73H

......

.'.::.'

Sepr.l, 1B«8. to
Exvnrte.it

ni

31.678 «,e21,4(!0 Sa6.438 1^281.977

4A01^7»

V

July

8

.

THE CHRONICLE.

13, 1889.)

In addition to above exports, our telegrams to-night al.so give
us tlie following amounts of cotton on shipboard, not cli'ared,

We

TuE Sales and

65
Piiices

of Fctcbes are shown by the follow-

ing comprehensive table:

add similar figures for New \'ork
at the ports named.
which are prepared for our siMJcial use by Messrs. Carey, Yale &
Lambert, 2-t lieaver Street.
0/ Shipboard, not cleared -for

July 12, al—

Oreat
Britain.

New

wUe.

Tolul.

11,757
None.

700

165
None.
100
60
None.
None.
None.
None.

3,700

325

4,999

..

..

Coatt-

0,143

450

None.
None.
None.
None.
None.

None.
None.
N«ne.
None.
None.
250
None.

None.
None.
None.
None.
None.
2,550

Orleans...

Mobile
Charleston
Bavannali
Galveston
Norfolk

New York

7.S00
2,900

Other porta

Leaning
auck.

Olher
France. Foreign

Total 1889...

15,099

0,393

Total 1888...
Total 1887...

17,103
14,271

3.998

None.

j

1,031

223
522
122,014

38

3,000

0,.'j31

1,083

20,117

139,290

1,652

34,.545

398

20.516

202,204
210.110

1

11,790
5,847

7,248

100
60
None.
None.
10.000

(

market

Tlie speculation in cotton for future delivery at this

has been quiet as a rule, but this crop options have advanced,
partly in response to a rise in Liverpool. Some of the new
crop options also made a small advance, but this was subsequently lost, partly owing to a recession of prices in Liverjxx)!
and partly to clearing weather at the South, together with a
quite general subsidence of speculative interest pending further developments concerning the crop outlook. On Monday

On Tuesday

there was a moderate rise.
lower.
On Wednesday

prices

were

sliglitly

was

a
fuither
slight
decline, but this was r^overed and a small advance followed.
The speculation in the aggregate was very small, however,
and neither the Govenimeiit crop report nor a further advance
on the spot had any very marked effect. On Thursday there
was a small advance early, but it was subsequently lost. During the latter part of the week the general drift of the next
crop options was downward, while the rise in "spot" cotton and
the liberal business both for home con.sumption and for export, together with some "covering"' of snorts in this crop,
more particularly August, and mo<lerate buying of that option
for Liverpool account, tended to raise the value of old crop
months. Today there was a small decline, due to a fall in
Liverpool, favorable crop news, less activity on the spot and
some " long" selling. Cotton on the spot has been active at
an advance of J gC. closing steady at ll}^c. for middling uplands, with, however, some falling off in the demand.
The total sales for forward delivery for the week are 154,900
there

,

For immediate delivery the total sales foot up tliis week
13,420 bales, including 4,230 for export, 8,200 for consumption,
in transit. Of the above
bales
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week July 6 to July 1 3.
bales.

—

—

—

UPLANDS.

Low

l

!

Nat.

ll"i«

ilonlTnes

I

.

Middling
Low Middling

nu

Middiinj;
Good .Middling
Strict (;iM>d MlddliiiK...

Middling Fair
Fair

STAINED.

mon ornes Wedi

Nat.

]

!

12

12'i« 12116
131,, 131,8
:

PrI.

Til.

8%

83i

9»,R

93,8
lO'B

U.lfi

10'„

10',

ll'ia 'll'iB

11>„

111'.,

III9

llifl

12

12

12 '4
1211,6 1211j8
13), „ 13"',,

12 14

Tb. FrI
{

838

9

9

9

0''a

915,, 9l5,e 9ll,«
034
1034
105i

81*,^

9^

!lOii,«|10ii,(

MARKET AND

i

12

8i»i,

S-J,,

Il058

UK

838

S'lsi

91'i«l

Ordinary
Middling
Middling

Low

1H5„

S38

8'4
S's

¥!">•;

Strict (iood

The

Wed

!

Strict

8-»i«

II1B16 1116,8 12
1238
1238
127,e
13
13
131,,

1

811 , 811,8 834
918
9',,
9'e
9!,e
101,, 10 ,« lOifl
;10
lOJa
10»„
10',« ilOia
1016,611
11
ll'io
ll<., III4
115«
1138
U'J, 111,, III3
lllS, IIU,, 12
ll^H
12% '12',, 12'., 1214
12s<,„ .l-i'fi
12=8 l'2ll„
1314
131.«
13',. IMU

..

Good Ordinary

I0\
11
113,,

8%

...iplb.'

Strict Gooil Ordinary.

Low

ll^ie

8H

81",,
9^8
10*,.
lOi^M. lOl'iB
1013ig
ll'l« ll'is U'lB
III4
n>4 II '4
lli!l
1131

|

ll^e
ll^S
ll'e
126,6
12i5,,

GULF.
.-.

8'l6
8'8

1

ilOil,, 10^
lOi'i,) 11

MirtdltnK

Low Middling
Middling
Good Middline
BirictGood Middling
Middling Fair
Fair

FrI.

'

8h
8'i«
8'8
8'-'ig
8>h«
»'8
93t
91-'J6 9'-i,
10s,,
IOI4
lO'-ig IOI4
S^s

lb.

Strict

Ordinary
Strict Ordinary
Good Ordinary

mon Tnea Wed Tb.

Sat.

*

Ordinary
BIrict Ordinary
Good Ordinary
Strict Good Ordinary

SALES.

and future deliveries each day dm-ing Uie
•week are indicated in the following statement. For the convenience of the reader we also add a column wliich shows at a
glance how the market closed on same days.
total sales

SALES OF SPOT AND TRANSIT.

SPOT MAIiKKT
CLOSKU.

Conp>r>.

Spec- Tran-

iwnp.

ttl'l'H

Finn
Mon Strong at 16 ad
Toci. Firm
Wed Firm 31 i,,, adv.
Thur. Firm
Sat.

.

542

>

23.000
23,9l>0:

*lic

Includes sales
*

H

The following exchanges have been made during the week:
100 July for Aug.
pd. to e\ch. 2(HI Sept. for Ani,-.
•03 pd. locxch. 1.000 July lor -Aug.
.10 pd. to ixch. :«)0 Sept. for .Aug.
.01 pd. to c-\cU. 200 July for Aug.
•04 pd. to e.'cch.

3t

12,420 154,9001

elven aliove are aotuaUy delivered
on wliici tliey are reported,

ally .i,:inijti'3
,ha".

8,20

2:i,2(Kll

1,070
4,2!

1

31,100
30.100

879

Totnl
Tbi-

1!»,7<I0

l,3-i8!

Irteady

previouB to

I

2,041

1

.

"-'
m.

Total.

Sales, leriee.

6,5(!0l

.

.

tit:

FUTt;RF.S.
,

in M'ptoniber. 1888, for September, Jt>.>,300; Septemirt<iNer, 391,100; Septeinln'r-No\eiiil>er, for November,
i-epUiiilHr-Deeeiulicr, for Decenilwr. O-^MOO: September,
."is.'i.r.oo;
January, for .laiiuary, 1.0.">(»,r>oO; Sei>leiiibor-Fohrnaiy. for February,
881.3:10; Scpteiulicr-Maich, for March, 1,9H,s(hi: 8eptenilier-.\pi'il,
for Apiil, l.'i57,^oo; September-May, for May, 1,.">9.5,100, SeiitcmberJiiiw. lor Jnne, l.O.-iO.ooo.
•
We liuve inclidcd in tlie above t.iblo. aiil sliall contmiie each
neck to "ivc, the nveiaic iniee of futures each day for eaeli montU.
• .Vx er." Tlio
will bi' £<Mi,id midei- eacli (l!iy followiie,' the .a'.)bi-ei i;itioii
nvcrage for each 111011th for the week is also siveu :it bottom of table.
liuiisfcrablc Orders— Saturday, UfoOc: Monday, lOOOc; Tuesday,
lO-iJOc; Wednesday, lO-tlOc: Tbui'sday, lO-liOc; Friday, 10-63c.
*

4,er-Oct4)bcr, for

day

Oct. for Sept.
20 pd. to oxih.
28 ])d. to exch. 50() Nov. for Si-pt
39 pd. to exch. 200 Sept. for Aug
Kven 500 Oct. fi.^r Jan.
•-.'!>.)

«

.

-

!

THE CHRONICLE.

58

by
Visible Su pply of Cotton to-ni^ht, as made up
stocks, as well as
and telegraph. Is a.s fcUous, The Continenta
this weeksS returns,
uToee for Umit Britain and the afloat are
brought down
conBtHiuently all the European figures are
and
comnlete
Thurstliv evining. But to make the totals the
t^
item of exports from
Sinires for "to-night (Julv 12), we add the
Friday only.
sports
includmg
ilfn United States, including in it the exports of
the

cable

Thk

I

1886.

1889.

1«88.

1887.

bale*

7 ^?'*J9Ji

765,000
28,000

627,000

^3,000

^77,000
17,000

Total OrcBt Britain stock.

753,000

594,()00

4,200
40.<00

5(i,40O

4(>,0<lO

34,000

25,000

totals show that the old interior stocks have
during the week 2,657 bales, and are to-night 33,830
bales less than at the same period last year. The receipts at
the same towns have been 1,674 bales less than the same

The above

(fecrett.serf

towns

week last year, and since Sept. 1 the receipts at all the
are 61,863 bales viore than for the same time in 1887-88.

Quotations for Middlino Cotton at Other Markets.—

645,000

2.8(>0

703,000
5,000

XUX.

(Vol.

«took %t I Jverpool
Stock Bt Loudou
Stock
Stock
Stock
«tock
Stock

»l HnniluuK
at Br..imii
at Aiii«t.>i<\nni
at Hottoriliim
at Ant weri)

38,000
1^'292
„, ?iS
25.000
»6,000
5,000

^''VJS

P.OOO

266,700

«3.000.

U.OOO

rottJ Continental etooke
Total Kuropean stocks.,

200

,.

105,f)00
4ti,000

Egypt.Brazil.Ac.iilltforK'rpe
fltocit In I'uited 8tat<'i< porta ..
Stock In U. !^. Interior towns..
United States exiwrts to-day.

19,000

15,000
165,407
11,736
1,425

(il, 0(111

13,000

11, (KX)

373,800

319,700

869,000 1,166,800
76,000 192,000
31,000
89,000
20.000
12,000
230,626
23i!,749
34,485
35.566

1,019,700
1,019,700

ljiaiacotliinalf<)at for Europe.
Amer. oiti'n iilloat for Kiirope.

l.lft,*)^!
7,0(111

46

2.003

(K>4,700

186,000
99,000
7,000
28H,813
60,885
4,508

1.364,268 1,320,318 1,604, ,957 1,610,908

Total visible snpply

Of tlioalwve, tUctotalsof American and other descriptions are as follows:

Ameriffiu —
Uverpool stock
bales
"Oontlnenlal stocks
imeri.aii afloat for Europe...
tJnlted States slock

458,000
220,000

417.000
158,000
80,000

496,000
214,000
3],(K)0

99,(K)0

2.36.749

473,000
150,000
46.000
105,407
11,736

230,626
24,485
46

288,815
60,885
4,308

1,425

938,318
160.000
17,000
117,000
76,000
12,000

269,000
28.000

169,000
is,ooo
99,700
186,000
7,000

Mon.

Sattir.

i

Wednes.

Tues.

lO's
101»,8
10^4
105s

Mobile

Savannah

507.700
856,568

192,000
20,000

668,800 479,700
996,157 1,131,208

382,000
938,318

Total vlsit>le supply
1,364,268 1,320,3181,664,937 1,610,908
5s.,d
5%d.
price Mid, Upi., Liverpool....
6',.d.
5»i,d.
lOSgc.
91.2c;
lOiac.
PrioeMld-Upl., New York...
ll^c.

^" Tlie imports into Continental ports

this

week have been

15,000 bales.

above figures indicate an

tticrease in the cotton in sight
43,950 bales as compared with the same date
of 1888, a decrease of 300,689 bales as compared with the
corresponding date of 1887 and a decrease of 246,640 bales as

Tlie

to-night of

compared with 1886.
AT THE Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week, and the stocks to-night, and the same items for the
corresponding period of 1887-88
following statement.

gwrr^KS!
a -

3

—

is

set

out in detail in the

WUmiuKton.

10%

11

-Norfolk

1016,8

10%

10%

10»8

10''8

;

105s
lO's

10%

.

101!>,8

10%
1069

lO'^e

10»8
lO's

I

10%

1

10%

im®^

Baltimore...
Philadelphia

1138
1138
ll^is
11%
11%
113s
IO''s®ll lOTsSll io''8aii IO'hSII
lOiiie
10%
10%
10%
lOUje
lOiijfl
1011:8
1011I8
11
11
11
11
11
11
11

Augusta

...
..

Louisville.

10''8

I

St. liOuis

Cincinnati

I

10%
1

11
liai»ffi>2

1138
ills

I

....

Memphis

1068
lO'g

I

1138 a!l2
1138
lll^

llMS'Ss

11^8

1138

10%

I

10%

ll'4a%

llM-a3s

lO'e
1015,8

I

11

11

11

Boston

.

!

311 10^8

•»

11

10%

10%
1011,8

!?"••

1
I

i

i

11

11

From the Plantations. —The following table
the actual movement each week from the plantations.

Receipts

indicates
figures

The

do not include overland receipts nor Southern
consumption; they are simply a statement of the weeklymovement from the plantations of that part of the crop which
finally reaches the market through the outports.
ReceivU at the Port*. St'k at Interior Tcnum. Rec^pts from Plant*iu.

Wttk

1887.

Jane 7

1887.

1888.

1880.

92,949
83,079

81,708
26,092

1,858

6,18S

61,659
18,093

22 37F
18 449

1,023

1889.

1888.

4.032

19.622

8.710

3.!S4l'

16.812

"

14

'•

21..

2 364

13,228

3,311

45,25-i

65,08!

"

28

3,588

15,02"

1,661

41,002

S2,6S4

1,281

6,4

9.411

7.021

2,477
2.130

38,253
33.848

45,990
97,687

'

.

12

1(

1887.

248

1888.

5,129
6,942

1889.

5

87
2,699

16,058

84
193

12,683

—

The above statement shows: 1. That the total receipts from
the plantations since September 1, 1888. are 5,489,576 bales: in
1887-88 were 5,462,773 bales; in 1886-87 were 5,184,591 bales,
3,
That, altliough the receipts at the outiwrts the past week
were 2,130 bales, the actual movement from plantations was
only
bales, tlie balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
bales and for 1887 they were
for the same week were
195 bales.
Amount of Cotton in Sight July 13. In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to July 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.

—

—

—

1888-89.

— J- ^

Fri.

lO's

lO'e
101S|8

i

10%

lO^'s

...

Charleston.

lO'a
1016,,

July B

Total East India, Ac
Total American

1.59,800

Thnrt.
j

Galveston...
New Orleans

996,157 1,131,208

257,000
23,000
107,700
105,000
15,000

Total American
Xasi liiiliuii, Uruzit, dc—
Uverpool stock
london stock
Continental stocks
India afloat forlCurone
asgjpt, Brazil, &c., afloat

35,566
2,003

856,568

United Mates iutcriorstocke..
Onlted States exports to-day.

CLOSING QUOTATIONS FOB MIDDl.INQ COTTON ON

Wtek ending]
Julu 12.

300
1,600

.^.OOO

275,000

Stock at BaniUma
Stock at Genoa
Stock at Trieste

3,H00

1,200
215,000
3,000
41,000

^JS
700
134,000
3.000
04,000
6,000
11,000

IsSkStllavrJ.'
Stock at Manwlllis.....

18,000

In the table below wti give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:

I

1887-88.

'

1886-87.

1885-86,

Receiptsat the ports to July 12 5,492,208 5,448,935 5,198,803 5,282,868
Interior stocks on .July 1 2 in
*14,212
*2,692
13,837,
52,377
excess of September 1

•

I

i

]

mn

ce

3' ,~z

Tot. receipts

^•<

.Vet

overland

from piantat'ns 5,489,576 5,462,772 5,184,591 5,335,245
889,934^ 969,771
783,062 816,558
July 1
455,000 420,000 378,000 300,000

to

1

Southemconsumpt'ntoJulylj

o
m

re»»a' 32-

&: P.

o

•

.

Totalinsight July 12

.

:6,834,510 6,852,543 6,345,653,6,451,803

.

Northern spinners' takings to
1,697,613 1,721,208 1,582,136 1,721,463
July 12.
I

I

|

. . .

i^es

-1^.

•

Decrease from September 1.
be seen by the above t*at the decrease in amount in sight
as compared with last year, is 18,033 bales, the increase as
compared with 1886-87 is 488,857 bales and the Increase over 1883-86
is 382,707 bales.
*

-HO.

It will
to-niglit,

^ttiix-'Ojc^iii^^iOw — do o"" cue -*
Ci — ^ .^ * * ic <- M c X
*ti tc ic tc

<.-

:.;

Weather Reports by Telegraph.— Our

reports by telefrom the South to-night indicate that generally there
weather conditions. From a
has been an improvement in the
few points in Texas, Mississippi and Tennessee, however, there

t>:

gi'aph

•<!>

«*~10S'

a

»
i

isoc*.©©. Ota-

tsii^.

aoS-

•

K.

?<ltO-

ocoue.

MM
00
1**.^

are still complaints of too much rain.
Qalveaton, Texas. There have been showers on two days of
the week, the rainfall reaching seventy-one hundredths of an
inch. The thermometer has averaged 80, the highest being
88 and the lowest 73.
Palestine, Texas.— Good progress has been made in clearing
the fields of grass and weeds and prospects are good.
liave had showers on three days of the week, the rainfall
reacliing thirty -four hundredths of an inch. The thei-mometer has averaged 83, ranging from 70 to 94.
Huntsi'ille, Te.ras.
It has rained hard on five days of the
week altogether too much and crops are badly in the grass.
The rainfall reached two inches and ninety-three hundredths.
The thermometer has i-anged from 'i3 to 92, averaging 82.
ha(l hard rain on one day. but the reDallas, Texas.
mainder of the week has been clear and much field work has
been done. Prospects are very fair. The rainfall reached
two inches. Average thermometer 83, highest 94, lowest 73.
San Antonio, Te.vas. Although it has rained hard on four
days of the week, no great harm has been done except internipting necessary work, as the gi-a-ss is growing very fast.
The precipitation reached three inches and five hundredths.
The thermometer has averaged 79, the liighest bemg 90 and
the lowest 68.

—

-•4 OB tots*, a

We

^»I

£i!.'S2~,_".

co*-bsa; too

sS'

kioo!h«.o:h

—

jc X
r.
o X *, V.'-^j'ccU c'b j- i;
-J^— e
z:—-'^ — CtUCiXCCC-l^i.-'r!>;

tX

«; .M4»H'
*• Ki-OCH.

.i-

a 01 M W s-

*»-*-WfO^

rf*

06

IC

K

-.J

CflTb

.-CD

« W (C M W

(*k

(^

»005CnMWC*5&:

toMxcxCiW
->-'^' vi- i_c « oyc^ _c ~ r; — o 5 « »
*
i

The

i^w; MHtOH--

ll^ires for LoulsvUle in both .vears arc " net."
nils year's figures estimate.l.

—

— We

^?

cor

—

If

—

h

-

JCLY

g
«

.

.

l^E CHRONICLR

13, 1888. J

— We

have hail liard showers on three days of
Luling, Te,ras.
the wise^, the rainfall reaching one inch and twenty-two
hundredths. There has been too much rain, but nothinn is
hurt yet, if it will just atop for awhile. The thermometer has

57

Stateburg, South Carolina.— UsLin fell on the first two days
week to the extent of fifty hundredths of an inch.
Crops are doing finely. The thermometer has averajied SB,

of the

ranging from 764 to 96-6.
yVilson, North. Caroliim.
Rainfall for the week two inches
rauRing from 73 to 94.
Columbw. 7'c.i-a.s.— There have been light showers on two and fourteen hundredths. The thermometer has ranged
days of tlie week,the rainfall reaching twenty-four hundrcdtlis from 68 to 95, averaging 81.
The following statement we have also received by telegraph,
of an inch. Crops are very fine at present, whatever may b(^
the apprehensions for the future. The thermometer has showing the height of the rivers at the points named *at 3
83.
o'clock July tl. 1889. and July 12. 1888.
ranged from 74 to 03, averaging
Citero, Texas.— Dry weather this week has permitted tin;
'July 11, '80. July 12, '88.
There has never been a better
again.
fields to be well cleaned
Fr«l. Itush.
Fetl. Inth.
Com is made and is abundant. New Orleans
crop.
prospect for a cotton
Above low-water mark
11
3
9
8
Average thermometer 80, higliest 93 and lowest 68.
Above low-wator mark. 16
Mi'iiipli is
4
20
Above low-water mark.
There have been showers to the extent of Niislnlllo
a
Te.vax.
8
5
Brenham.
Above low-water mark. 17
20
1
sixty-one hundredths of an inch on two days of the week. shrovpiMirt
Above low-watermark. 28
Vlcksburg.
7
29
9
The drier weather has been very helpful, and farmers have
India Cotton Movement from all Ports.—The receipt*
nearly caught up with their work". The present crop prospects
are good; all the talk about wet weather, grass, worms, &c., and shipments of cotton at Bombay have been as follows for
amounts to nothing, being an apprehension rather than a fact. the week and year, bringing the figures down to July 11.
nOMllAV BECEIITS AND SHIPMENTS FOU POUK YEAR*
The thermometer has averaged 85, the highest being 97 ami

averaged

—

83,

—

.)

the lowest 73.
have had showers on three days of the
Belton, Texas.
week, the rainfall reaching forty-six hundredths of an inch.
are having too m.uch rain, but still much flekl work is in
progress. The thermometer has averaged 83, ranging from 73

—We

^ShipTtienUt

We

to 94.
There has lieen no rain all the week.
IVeatlierford. Texas.
Tlie recent wet weather has somewhat injured small grains in

—

the shock, but corn and cotton never showed a better promise.
The fields are nearly clean again. The thermometer has
ranged from 60 to 94, averaging 77.
have had rain on four days
New Orleans, Louisiana.
of the week. Average thermometer 84.
The week's rainfall has been fiftyShrevej>ort. Louisiana.
The thermometer has averaged
tlu-ee hundredths of an inch.
77. the highest being 93 and the lowest 70.
Columbus. Mississippi.— It has rained on three days of the
week, the rainfall reacliing fifty-one himdredths of an inch.
The thermometer has averag.'d 75, ranging from 58 to 94.
are having too much rain and the
Leland, Alississihoi.—
There have been four showers durfields are getting grassy.
ing the week, the rainfall reacliing forty hundredtlis of an inch.
The thermometer has ranged from 68 to 90, averaging 77-7.
Greenville, Mississippi. Telegi-am not received.
Vicksburg, Mississippi. It has been showery on two days
of the week, tlie rainfall reaching eighty-seven hundredths of
an inch. The thermometer has averaged 85, ranging from 78

—We
—

to 96.
Little Rock,

—

Arkansas. There has been rain on one day of
the week, the rainfall reaching one inch. The corn crop is now
secure and very abundant. Tlie oats crop is good and prospects
for cotton are very g(X)d, but the full results of this crop cannot he determined until August is passed. The thermometer
lias ranged from 65 to 89, averaging 77.
Helena, Arkansas. Crops are growing finely. There have
been two showers here to the extent of thirty hundredths of
an inch, but heavy rains have fallen in the neighborhood.
Average thermometer 78, highest 89, lowest 64.
have had rain on one day of the
Nashville, Tennessee.
week, the rainfall reaching nineteen hundredths of an inch.
The thermometer has averaged 78, ranging from 62 to 90.
had showers on four days of the
Memphis, Tennessee.
week, but tlie weather is now hot and sultry. The rainfall
reached one inch and forty-three hundredths. Crop accounts
are unfavorable, too much rain having permitted grass to
grow. The thermometer has averaged 78, the highest being
93 and the lowest 64.
Mobile, Alabama. The crop is developing finely. It has
rained severely on one day and has been showery on one day,
the rainfall reaching two inches and eighteen hundi-edths.
The thermometer has ranged from 71 to 90, averajring 79.
Montgomery. Alabama. Crops are in splendid condition,
and the present outlook is very promising.
have had rain
on three days, the rainfall reaching twenty-eight hundredths
of an inch. Average thermometer 80. highest 93, lowest 69.
Selma, Alabama. Telegram not received.
Auburn, Aluhaina. Crops have been much improved by
Decent rains. The week's rainfall has been six hundredtlis of
an inch. The thermometer has averaged 78, ranging from

—

—We

— We

—

—

We

—
—

67-5 to 90.

—

Madison. Florida. There have been showers diuing the
week, the precipitation reaching one inch and eighty
hmidredths. The thermometer has ranged from 67 to 91,
avei-aging 78.

—

lowest

71.

Seeeipls.

1.

TKU

Oreal

Oontir
Britain', nent.
\

I

0,000 13,000

1886

Total.

1.

n.-)H,00()

According to the foregoing, Bombav appears to show an
compared with last year in the week's receipts of
4,000 bales, and an increase in shipments of 3,000 bales, and
the shipments since Jan. 1 show an increase of 376,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
ShipmenU for
Great

Brltmn.

Shipmtnli Hnce January

the week.

Oonlir
nent.

Great
Britain.

Total.

Continent.

1.

Total.

Calcutta -

1,000

1,000

29,000
27,000

41,000
63,000

70,000
90,000

2,000

2,000

9,000
7,000

2,000
2,000

11,000
9,000

29,000
18,000

1889
1888

18,000
14,000

47,000
32,000

67,000
52,000

61,000
79,000

128.000
131,000

Madras—
1889
1888
All others

1889
1888
Total all -

1889
1888

3,000

3,000
1

week show

that the movement from
3,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since Jan. 1, 1889, and for the corresponding periods
of the two previous years, are as follows:

The above

totals for the

Bombay

the ports other than

is

EXPORTS TO EUROPE FROM ALL INDIA.
1889.

Shipments
Europe

to alt

from —

week.

Bombijr

1888.

Sinee
Jan. 1.

Tliie

This
week.

1887.

Since

Jan.

Sinee

week.

Jan.

967,000
259,000

1.

1,

13,0001,164.000] 10,000
3,000' 128,000

Total

12.000
4,000

16,000 i.292,000i 10,000

Allotherports.

788.000
131,000

919,000

16,000 1,238,000

Alexandria Receipts and Shipments.— Through arrange-

&

we have made with Messrs. Davies, Benaclii Co. of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
ments

,

Alexandria, Egypt,
July 10.

1888-89.

1887-88.

1886-87.

Receipts (can tars*)
This week
Since Sept. 1

2.705.000

4.000
2.898,000

3,000
2,915,000

This
week.

Exports (bales)—
To Liverpool
To Continent
. .

Sinee
^pt. 1.

Thit
Sitiee
week. Sept. 1.

rA(«
week.

I

I

'225.000
1.000 156,000

.

'

2.000 2 14,000
4,000 154,000|

1,000 381,000

0,000 398,000,

1

Sinee
Sent. 1.

2,000 257,000
1,000 150,000
3,000 407,000

A cantai- is 98 pounds.
Manchester Market. —Our report received by cable to-night
from Manchester states that the market is steady f'ir both yarns
and shirtings. There is talk of resorting to short time. We
give the prices for to-day below, and leave those for previous
weeks of this and last year for comparison:

—

18S9.
Augusta, Georgia. The weather has Iieen warm and dry,
with light rain on one day, the rainfall reaching thirty -seven
32» Ooj}.
hundredths of an inch. Crop accounts are good. The plant is
Tioisi.
Shirtings.
Twist.
jj^uds
doing well, and with favorable seasons from now on an average j'ield will be secured. The thermometer has averaged 81,
d.
d.
s.
d.
d.
d.
s.
d.
a.
713 «8'4
Jv.'e7T>8'a>8^ bll^tl Ola 61,
ranging from 66 to 100.
" 147''8 «838 51113317 012' 61,(1 71a S8>4
Charleston, South Carolina. Rain has fallen on one day of
O'lB 7»8 «S38
"21i7''8a8% 5 11 47
the week to the extent of two hundredths o^ an inch. The
" 28l7''e 8838 ,5 11 «7 O
7»8 «838
61,
6% i7"8 aSU
thermometer has averaged 79, the highest being 91 and the July5 7'8«838 |5 11 »7
" 12i7''t 88%) !5 11 *7
OHk i7°8 *8M
lowest 70.

1888.

Shirtings.

\

—

Sinee

Jan

Week.

increase

Total Europ e

—

Columbus. Georgia. Rain has fallen on one day of the
week, to the extent of eighty-three hundredths of an inch.
.Arverage thermometer 83, highest 91 and lowest 75.
Savannah, Georgia. It has rained on four days of the week,
the rainfall reaching one inch and thirty-six hundredths. The
thermometer has averaged 79, the highest being 93 and the

S/ilpmenls sinMJan.

ujeek.\

Kl l.OOO l,lti4,000 Ifi.OOO 1,017,000
(i.OOO lO,0(K) 20^.000 5H<!,()00
78M,0f)0 12,000 1,251.000
8,000 l2,O00H51,0O0(i'28.«00 979,(MX) 10,000 1 ,4 1 7,000
!)()7.000 8.0(K )1, .31 2.000
1,0 001 4 .000! 5.000 2»a.00 0(l 14,000

4,000
I8881 4,000
18871 4,000

1880

We

—
—

thU

Oonlir]
Total.
WrK'jt. neni.

Tear area'

;

1

I

8.

d.

5

7

,5

7

5

8

9
5 7
5 7

!»

s,

»7
«7
®7
«7
«7
«7

d.

\

upUls
d.

5%

1

5ifl

1

5>3
5»i«

—

.

,

1

THE CHRONICLE.

es
The First Oeorqia Bale.—The

bale of

first

new

cotton

New York on
noticed in laat week's Chronicle arrived at
to
Monday and was sold in front of the Cotton Exchange
Henry Clews & Co. at 16}^ cents per pound and shipi)ed
Heesrs.
to Liverpool.

East India Crop.—The following
Bytbell

is

from Messrs. Gadduin

dated Bombay, June 10:
comltic down more freely, and prices

& Co.'s cotton report,

for tliis
Baw-Ktnncd Dhnrwar Is
Receipts into
aTDVtk of eottoii have ileuilned 3 rupees per can ly. for Ihe iwnod
as against 72.S47 bales
lomlMtr ainoiiiit >o eo.MIl l.ales.
Ofteodava iliut were embraced m our last report. ITp^cou.itrv arrivals
time,
araatlU keepliik- iii> well, but tie mousooa la expected In a short

aud

—

1

Krrlvuls will tueu cease entirely.

The AoRifU-LTORAL Department's Jcly Rbport.—The following 8tatem«i.t, showing the coo'iition of cotton, was issued
by the Deimrtment of Agriculture July 10:
The June report of the Department of Agriculture shows an Improvement iu 'he condition of cotton during tho past month. The period or
heir.

ireniilnatlou hjis heen lounrer man usual throughout the eottoii
There are local dlBerences In the lobgth of the iierlod. This refers to
the whole ot the cotton belt.
The peroentagHS of condition by States are as follows: v irglnta, 8.1;
North raroilna, i'f>; South (.Carolina. 84: Georgia, 86; Florida, hO; Alabama, 87: MI^8l^'Bil•pl, ill; Louisiana, OU; Texas, 90; Arkansas. 83; Tennewec, 8"J: general nverane, ST 6.
Tho eurhidant<ida eas are well advanced. That which w.is planted
In May and that which had not germinated before tlie seison of drought
Is late and small. There was frost, nearly througliout the cottcn belt on
the last or .May and Ist of ,Iune, which prevented germination alreadv long dela> ed and arrested the growth of pluntf. There Is general
oompi .lot of the ctt. ets of a dry and cool 8e>ison continuing thpougli May
and Into Jiui" in delating gerniluaiion and growth and favoring the
preva ericc of lie. West of the Mississippi, especially in Texas, the
eeasnn is considered a wet one, and tho rains, continuing until the day
of the reimrt, liegan at an earlier date than In the Atlantic States. Th^ir
ell'cct has been to liui>rove the stxnd, which was very effi-ctive, aud advance the growth of the plant. The prov.tlence of rains left ttie helda
stnuewhat guissyonthe first of July, a condilion which a few days of
sunshiue since luaj' have remedied, except on idautations h'lviug too
larg,- an atca fi»r the number of plows available. The crop was generally kept clean during the period of drought. The wide VKilatiou iu
datt-K of germiuation has had the effect to make the cmp later by a week
or two than that of 1H88. aud the stand Is not so goed. Some plants
came up In Airll and sumo late in June. The oateriiillar and boll worm
have appeared in Te us and Louisiana and some uarts of Mississipi'i.
Thesciilugof ItghUand catching of the miller that produces the coitm
worm have been general, prumisiug the uiitig.>tiou of future dipiedatloos.

The June and July averages, compared with the June and
July figures of previous years, are as follows:

[Vol. XLIX,

Jute Butts, Baggino, &c.— There is a fair demand for
bagging tind small orders are quite plenty. Prices are quoted
steady with sellers naming 81^ '(f 101 j'c, according jq quality.
Rather more intiuiry is rejxirted for jute butts, with prices a
shade firmer. Paper grades are quoted at l"70igl%c., and
bagging qualities at 2@2)>^c.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
17,092 bales. So far as the Southern ports are cor cerned, these
are the same exports reported by telegraph and published in
the Chronicle la'-t Friday. With regard- to New York we
include the manifests of all vessels cleared up to Thursday.
Total oaUt.
Liverpool, per steamers Biltannic, 410
City of Paris, 1,354.. Slilns, 1,171... Spain, 1,525....
Wisconsin. 598.
Urabria, 179
;
5,537

„
KBW York—To

To Hull, per steamer Bnllalo, 421
To Hauiburg. per steninir Bohemia, 760
To Antwerp, per steamer Pennl: lid, 100
To Copeuhageii, per hteamer llekln. 200...
To Stettin, per steamer Australia, ")00
New Orleans— To Liverpool, per steamers Architect, 987....
Explorer, 989
Haytien, 201
Professor, 2,289... .

421
760
100

200
500

Westludian, 198

4,664,

To Genoa, per steamer Alexandria, 2,729

Norfolk— To Liverpool, per steamer
Newport News— To Livcrpo"!, per steamer
Boston— To

,

2,729
1,196

1,196

287

,

Liverpool, per steamers Iowa, 307

Venetian, 3

287

Scythia, 2

402
296

.•

To Yarmouth, per steamer Yaimouth, 296

17,092
particulars of thesa shipments, arranged in our usual
form, are as follows :
CopenAnt- hagen t£
EarnTarLiverpool..
bura. uerp. Sleilin. Genoa. mouth.
Suit.
Total.
760
100
700
New York.. 5,537
421
7,518
2,7;J9
N.Orleans. 4,664
7,39a
Norfolk
..
1,196
1,196
N'portN'ws
287
287
296
Boston
402
698
Total

The

760

421

Total... 12,086

100

700

296

2,729

17,092

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:

New Orleans—To Bremen— July 9—Steamer Federation.

—

.

July
Boston-To Liverpool-July 3-Steaiuer Michigan. 318
.. July 8 — Stiamer Kansas,
Steamer ravonia,

9— Steamer Bulgarian,
Baltimore— To Llver|KHil July 3— Steamer Buenos Ayrean,
July 5— Steam r Ncssiiiore,
To Bienien— July 3- Steamer Main, 22.
PHiLADELfHL*— To Liverpool- July 2— Steamer Ohio, 46
July

5
....

.

.

1889.
eiaUt.

1683.

V

V

^
4

1887.

»

*i

S

4

•tI

^

-s

84

81i

8(i

8S

99

8o. Car'a.

78
80

H4 8H
86 9i:
90 91
87 9'.;
91 90
9a t-8
90 SO
83 94
8a _92

8(i

9>

90
90

9!
9'

91i
(*o

9S.

Alabam;i
MISH'ipiil

Loidsrua
Taxas.
Ark'nsas
.

Ten'essee

Average

HI-

SS
83
901

95
»•^

79

36-4 d7-6

99
97

^
9H

83
97

9li

9h
9S

1885.

u

91

93

76

fi«

81

95
93
92

97
80
7»
84

93
96

9-

87
03

97

H(i

90

91

qif

93

H3

87
7V

96
83
99

98

88 86-7 96-. "97 88-7

86

92

97

91

87
HH

99
9-

V(j

91
9><

8.5

93

90
90

99
98

97

V

=»

Steamer Lord \3ough,
Cotton freights the past

.Sl

^

H9
a-i

81
S.T

91
91

93
9i
87

8-i

HH
14
87
86

74

91

91

8('

95
92
92, 99
on 10(1
90 9/
91
9H
85 97

99

1883.

1884.

a,

a>

s

B

4

No. Car'a
Georgia..
Flonila..

1886.

89
87
78

8t-

91

80

Saiur.

911

8,S

8Si

86

87

Havre, steam

Do

8'1

••4

88

90

e.

sail

Bremen, steam

Do

It

ml

Cot- .VontA ending ilau 31. 11 mo». endino
1«S9.

1888.

IS88-9.

tloa.lO'
lao.nTi

Areat Urltaln and Ireland
yards
Other countries In Kurupe....
"

North America

4,2U.SU2'

1.4ba,lB9

Central American States and
British Uuoaurns
Indies

yuds of

7,282.141

a.ssn.a.-).?

3,7.,7,7i7

15,31 1, ;«3
5.34:<,3I7
6,545.4 a

B.li^7.^'(W
'

2.«»;i.B17i
'

18.488717

i

4.5<i4.)s'.>5

23.7(l0.bH(i
4ti,llie,i,i!l

1333

....

Amit'd'm etaam
,

.

Per 100

H

".V2

%

40*

33

^S

40*

3a

....

40'

40*

c.

"33
....

.-..

....

40

>

40....

....

....

....

f»-91''C4 T32®15^4 T32»15,4 732^1564

H-2

7S2«1^4
....

....

he

he

"16

"16

°i«

»18

^
M

14

H
^

M
H

^4

>4

H

"4

.

H

»8<®3.,2

9*4® ^32 »84®532 964^^"J2 9«4®*3a •e4®'32

lOi.

7.068,352

I

:!.80.'>,2«7

•

6,l;0,602l

12.R41.6l4
|8-o.7ilo

Talneperyard

»o;o9

o( oikrr Hanufacturtt 0/
CVitton expffrUd to-

Great Britain aud Ireland

Germany

France
,\
Other countries In Kurope!!!!
British North America

Mexico

Cenlnil Amcrlcao States' iuVrtlaii
Honiluru-.

Weal

Inilies
United .sint-s of rolomb'l'a.'.'!!.'!'
Other coui tries In 80. America

l

!.!!!!!'"

Total value of other manufao
tores of
^
Aggretfn*ey,Oittofnii t* .ton v -o.in

June 2?,

21.

|7,».>7,5:i4 }lu,a(,1.0;2

|-(I714

t-oeu

July

5,

July li

I

SaVs

of the

week

bales

Of which exporters took
Of which speculators took...
Siili'S American

A

tual export

F trwarded

.....

—

Tjtal stouk Estimated
or which American Estlm'd
Total import of the week

—

46,000

41,000
2.0001

1,000

3S.O00

34,000
5,000
48,000'

848,000
582,000

i

41,000,

mount adoat

22,000
75,000

O' which Ameiioan

3,000'
2,000i

1 5.00c

10,000!
46,000!

816,000
557,000!

24,000
17,000
63,000,
8.000'

61,000
4,000
2,000
51,000
5,000
56,000
784,000
517,000
29,000
9.000
65,000
21.000

64,000
3,000
5,000
46,000
11.000
59.000
730,000
473.000
16,000
8.000
57.000
14.000

The tone of the Liverpool market for spots and futures each
day of the week ending July ]'i, and the daily closing prices
of spot cotton, have been as follows:
1

t
22.590
9lii

t
28.892
l.HiS

070
8.48.:

800.4 r>4

iK.k!0»

10,848

194,981

4.R.S7

8.251

63,R'-3

^.'Sel

8.1"

M15

IP.SHM

19.1 :8
4a,«i5

33. -SI

80,544
48,640
M<,4JN
308.9U3

5.797
29.074

414

b.SM

l.llli,

3,t;u,s

188.48
1.0''4»i':

141. so;

l.loa no,

7.1 78
2-,872
Smi.3i8
la 1.396

63,323
?a.fw3
74.f«5
72.9.i2

254.565
9.151

8.601
19,947

1,582.007

'

t
442.767

ao.wo

l.«I4

Saturday Monday. Tuesday.

Sitof.

*
890.803

B,4H4
82.42U

SCShu

AsUrtiid Oceaiiica
Africa

9.477,013
7.818,195
8,la5,a2«

14.005,0(10 101i.851.Ua lS!).;W3,34i

»»04.i»6
»-0e88

ing statement of the week's sales, stocks, &c, at that port.

Of which American

•

sbore..

Other countries

tS.uol.lSb

10.»<,-!.H4>1

Total values of above..

Tatwt

i.ois.M:
8,88U,tl31

'

..;.

....

13„„

1»32

»16

%

ss

3a

3a

.--.

June

'

Bri*(l

Africa
other countries.

3S

....

»8,8 10,933

'

Artfenline Iteuubllc

Uni^ei Si .les ot C<,lonibla.!!
Other countries Ins. America
China
Other countries In Asia and
Ooeanica

Ma^si

steam.c.

H2

....

.--.

.

Ht

18h7-8.

0:1.141

M'fxicci

Total

.Viii/31.

uiicolored)
(li

West

*32

Fri.

Liverpool.— By cable from Liverpool we have the followI

British

532

Do via London. d.

*

exptirttit

632

13,,2

.

9—

as follows:

Wedna. Thun.

..-.

e.

Hamburg,

below:

{citloreit

964

vlaLeitb.rf.

. .

Urn

Tuet.

c.

Do via London.d.
Domestic Exports of Cotton Manufacttees.— Tluough BsTal, steam
d.
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
Do sail
d.
Stali-itics, we have received tliis week a statement showing
the B »rc6lona,steam d.
exjx^rts of domestic cotton manufactures for May, aud
for Genoa, steam
d.
the eleven months since July 1, 1888, with like figures for the Ti-ieste. steam... d.
corresponding periods of the previous year, and give them Antwerp, steain d.
QaantUUaof Manufncturu of

week have been
3fon.

Liverpool, steam d.
DovlaGl'sg'w.rf.

July

.

4i'.i;h

1..^5-.235

o.ion.uil 12

VK

^,^7

Market. } Harden'K
12:30 P. M.J

& exp.

business
doins.

Freely
offered.

Wedne*. Thursday.
In buyers*
favor.

Steadier.

Friday.
An buyers'
favor.

6J8

Mld.TJpl'ds.

Sales
Spec.

Good

12,000
2,000

6'ie

12.000
1,000

30,000
1,000

10,000
2,000

10,000
1,000

8.000
1,000

Onist at
twrtially
1-64 dec.

Firm at

Steadj.

Quiet at
1.84 de-

vance.

cline.

Steady.

Qnlet.

Bteadr.

63,9

'Future?.

Market,
2:30 i-.M.

Market,
4 p. M.

}

Firm at
Steadj.

i

J

1-64 ad-

vance.

j

(julet

and

Hlewdy.

Kasy.

i^ulet

and

1-04 ad-

.

July

The opening, hiaihest, losv<?8t and clo^ina;
dar are uiven beloiv.

DAILT OLoana

priias of futures at

Prices are on thw
basijof Uplands, Los? Middlin;<claus-', unlHsaotderwriae stated.
Oitfit tku§:
5 63 meari
l^ff' TKt prices are given in petice and
5 6at)4rf.. and 6 01 mearu 6 1-K4il.

59

Liv^erpDol for each

Mat.,

July

Ms

G.

OpenBlgli Low.

Otoi.

d.

iL

d.

8 0S

H07
07

6 Of
n 08

606

H 00

8 05

6te
550

Aui;.-Sept..

K«5

6 07
08

September.

04

aii&

604

8ept.-0ct...

5 49

iW

Oct.-NoT. .. S»»
Nov.. Dec... 8 8Dec.-Jau... 530

d.

d.

8 07

07
8 07
07
6 05

Julr-AuR... 6 07
fi07
AuifUst

,

5 40
5 37

5S6

5 4»

5S»
5 37
5 36

5 40

Julir S.

Open'Htoli Low. Clot.

8 07
6 07

«07

July

.

THE CimONICLE.

1889.]

13,

—

.

6 08
08
06
06
5 50
5 41
6 38

6 40

Tuea., Jury:9,
Open High

tjOw.\ t^rit

d.

d.

d.

d.

6 07
6 07
6 07
6 05
6 05
5 49
5 40
6 37

6 05

8 08

6 05

4 05
6 03
6 03
8 03

6 06

d

d.

6 07
8 07
6 07
6 05

60S

05

6 4U
5 38
5 37

5 40
5 37

5 37

536

536 537 636 536

5 17

00
8

800 6 05
6 04
6 04
5 48

603
647

6 38 6S8 b;i8
5 35 536 5 35
535 5 35 5 34

6 04
5 47

538
5 an
5 34

I

Hon,

July delivery
Heiitfinilwr

ileli

very

OitolHTilellVBry
Niiveuiliir delivery

28 'ii
J8>«
28 °8

0.

oais.

W'd.

Thurt,

27 '«

2><ia

27%

28

27i«

27111

27 '4

27»r,

27

2:%

28 la

2H>8

2 %
31i«

l«W.
ze-Ta

27 >«

2<f

28%

0.

mxao

a

Taei.

2 -•'8
28 '4

2-. "a

0.
o.
0.

An^iiHt (leliVHiy

2s %

273^

•28 '4
no's

31"
3I>8
0.
31%
December deliver^
Rye has been scarce and nominal, closing easier,
quiet and steady.

The following are the closing quotations

3d"

Malt

is

:

PLOUH.

0'1

eon
604

03

nuoM or tut,

Bat.

Fine

00»$2«>
40O 30)

^2

1)1)1

8il|)ertlno
snrliii? wlieat extras.
Minn, elc-ur and stra't.

2
2

3

7.'i»
7', a

Wiiitcrsliiiip'KeKti-aB.

3

Hoiitliern

:»« 4 00

XXaud XXX.

rainlly

a2^

com. extras. »3 15» 4 OO

Hi>iitlierii liakerH'

3

2

I'ati'Uts

2 50 9

SOU

2
2

Ac

Urandywliie

759—

S 3.%

3

UO

2259 250

Klue

soullieru supers......

009
709

4

Rv-« Hour, superllae..

4 00 a 4 7) Ci)ru meal
WeHtern,
4 flO* 6 3i

Winter

and

braudH

.,

609 2 70

—

ORAW.
Thur«.« July 1).

IVedn<iii.,.iuly 10.

Wheat—

FrI., July \l.

0.

6 03
July-AoK... 6 03
8 03
Aui^ust

July

,

!

Auk. -Sept.. 6 01
September, 6 01
fiept.-oot
Oct.-N<iT.

..
..

d.

d.

d.

6 04

6 0S

04

6 04
6 04
6 0S!

6 03
6 03

6 04

6 01
8 01

8oa

d.

5 45
5 38

Not. .Dec. 533
Dec^Jao... SS3

6 0J
5 46
5 37
5 34
5 31

d.

d.

5 37

6 05
6 05
6 05
6 03
03
5 48
5.38

533 5»1

b:»

6 05
6 05
6 03
6 03
5 43
5 38
5 30

5 34

6 35

5S5

6 04

515

6 02
5 46

5Sfl

5 33

6

1

<:5

d.

d.

6 05
6 05

6 05
6 05

605 605
6 03
03
5 48
5 38
5 35
6 34

6 03
6 03
5 48
6 33
5 33
5 35

d.

d.

5 4t

6
6
5
6

A

d.

804 6 04
803 8 01
603 8 04
a 01
6 01

Clo.

02
03
47
37

6 03
6 oa

flOl

B ii;i
6 03

6U!i

600

001
601

5 46

5 40

8 00

936
530
S3t 634 533
533 5 33 5 33

5
1

3(1

531
5.13

BREADSTUFF S.
Feidat. p. M., July

4214*
42 13 «

at-

DAILT OLOSIMO PSIOES OF HO. 2 RBD WINTBK WHEAT.
Sat.
Mnn. Tuet.
Wed.
TKvrt.

,
July delivery
Augusr delivery

Septeuib.T delivery
Oetob rdelivery

c.
o.
0.
c
0.

I).o«uil)MrdBUvei-y
.ieUvery....c.

May, 18H0,

115.500

2.649
5.417

Tot.wk.

11.039
2,050|

183.563'

Octol)er.irUvcry

0.

43%

43->3

43'8

43^8

4iia

Oats have latterly been pressed for sale, owing to favorable
crop reports, large receipts and an incredsmg visible supply.
Uie crop 18 expected to be large. To-day there was a moderate trade at a further decline.^

1.680

2.104.172

1,183.373

1,308.639

813.863
1,009.078

9W.802

231,1»»

«k.'87.
Since Aug. 1.
18S8-9
1887-8
1886-7

87,777.960 115.910.642
11.707.513 105.511.935 88.5S4.217
10.503.407 87,31«.S98 80.210.881
9.123.881

Rye
Bu. B«

Ibe

e.57«
6,920

88J.519
78.690.286

75.130 529
64.'2B.«-7

1,700

1,457

4,102

18
1,200

3,300

40.638
20.450
22.287

18.514
14.547

84.830.658
aa.csi.a.^

21305.729

24.80a
4.697.083
2,053.261
1.977.953

The exports from the several seaboard ports for the week
ending July 6, 1889, are shown in the annexed statement.
KxporlM

Wheat.

New York
Boston

Com.

Bnth.
209,494

from—

Bunh.
682.576
18,114

..

Portland:
Montr, al.
Philadel
Battlm're

145.S82
46,000
102.220
10y,035

N. Orl'uB.

Flour.
Bblt.

5«,»31
15.8S9

Oatt.

Buih.
5,828

Rye.

Bnth
16.998

9,785

Peat.

Buth.
1,253
53,iai

4i'.57!J

812

N.New«..
Klchm'd

.

Tot.wepk.
8'nie time
1888...

265,478'l,103,527

124,996

5,828

415,628

155.73.'i

655

500,0231

The visible supply of
and in

Albany

51,737
1.155

accumulation at lake and seaboard

bush.
2,171.310
62,'JOO

bit eh.

6, 18:J9:

Oatt,

bimh.

510.404 1,346.655
204.100
44,500
64. -200
39.000
239.070 257,«37
1,896,.542 2,037.154

Rye,
bnth.

22.258

Barley
buth.
5,'272

8..500

.Milwaukee.

....
...
....
.. ....

Duluth
Toledo

....
....

Detroit

388.660

5!)1

909

32,000
2l,5M0
467.401
108,953

9.59.10.1

Buffalo

577,930

387.050
19.337

21,U4

1,861
7.861
16,624

8.338
3.659

502

67,144

9,950

60,000
3,989

17.000

53,000

1'12,4H3

973

1.66S,865
2,203,005

40,0ii0

Oswetjo
9t. Louis

....
alloat ....
ClnclDUail... ....

Do

Boston
Toronto

.

..

.Montreal
Philadelphia.
Peoria
....
Indianapolis. ....
l.lty.

Baltimnre...
Minneapolis.
8t.

Paul

On
On

200,177
....

36.000
3,380
110,203
411.183

Tot. .luly

June

240,703
251.303
llS<.9.i7

42.343

30,890
1,002
26,539
167,557

23..'S02

43,322
260,486
4,009,345
250,000
4 47,0

lakes

10.193
7U.0O0
962.743
297,732

6,5,40s»

MissiBSlppl...

...

Unoanal &il ver.
i'ot.

16,998

grain, comprising the stocks in granary

transit by water, July
Wheal,
Com,

In store al—

Kansas

4314

1!1

883,114

Chicago

42>4
42ia

38 >•
28

...I..

1,154.250

SS^a
SB's
Sl^a

43

8.789
5.50J
3.528

195.34P

'89.

wk.'SS.

87

Fri.

11,

28.863
28.795
152.875
155,000

.

Same
Same

Barley.

670

86>4

business for export at the declinin^^iarket,
lOAILT OLOBUia PRICES OF HO. 2 MIXIiD OOBR.
'*«'•
^on. Tuet.
lyea.
Ihurt.
't"„„ , ,,
"• *'^'*
*2'4
iZ\
42%
425,
^A^.l^f^^^F
August delivery
c. 42-'8
42%
43
42^8
42=8
eeptember delivery
43'4
43'4
4338
43
43'a

Oaf.

B«»)l.32lh. Butli.iH

4.303

..

.

F^,

'

Com.

35,823

Ketrolt..

Clereland.
It. Louis
Peoria

ports,

Corn rose J^3 Ic. with stronger foreign markets and a
larger export demand, though the advance was partly in re«P')n8e to the rise in wheat. But the crop advices were favorJ'^le. the fo-eign markets becanit) easier, the export demand
fell off, the Government crop report estimated an increase iii
the acreage of l,3;i3,000 iicres, bringing the total up to 77,000,000. This caused a reaction, in which part ot the advance
early in the week was lost. The latest crop reports are very
encouraging, and an incr^ ase in the receipts is shoi tly expected. T.>day prices showed a further reaction, with a fair

51
52
29

32'j»

11.373
561.080
27.a88
40.255
1.400
103,0:3
17,500

1.724

h5%

s'fia

48

2a ''e •

60.5i2

Minneapolis.
Toledo

New York.... ....
Do adoat.. ....

92

32

5.358
87,9iO

84
84

SS^g

White
No. 2 mixed
No. 2 white

33,000

8514

dJH

a
9
9
9
9

4x1,

78 1.7:1-

84 ''s

87?»
8959

M
27

13.410

86=8

94,

.

1.709.9.10

8658
86^8

PS'^a

-Mixed

79.8.50

88

93^8

State and Jersey
Oat.><

49

40.965

87»4

883a

bu.

31.487

88U

92''8

ip

«8.6-7

Chloago
Milwaukee...
naloth

80

8l?i

Western

43 14
43 'I

Wheat.

Flour,

87'i8
81)39

8«ni

80 '4
93
92

BM».l,flfl»> Butii.enib, flu•^.5flI^

at the principal points of

prices.

,

82
42

46

Ry»—

The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the Ne\v
York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the comparative movement for the week ending July 6, 1869, and
since August 1, for each of the last three years:
Beettpts

I

.,

Kril winter
White
Corn - West'n mixed.
WeKt'n mixed .So.2.
Western yellow

12. 1889.

Flour hai been in better demand, and very firm, tapecially
the higher grades, thouj^h export business has at times been
somewhat restricted by the firmness of ocean freight rates.
The demand has been mostly for the better grades, superfine and grades below selling aa a rule to only a fair extent.
Latterly the European cables have been weaker,
owing partly to a decline in wheat, and the tone here has not
been quite so buoyant, although holders in most cases have
refused to name lower prices. To-day the market was firm,
and moderately active.
Wlieat advanced 3@3c., owing partly to unfavorable crop
reports from Russia and Hungaria, while the weather in
England was also reported less favorable; the receipts at our
primary markets were small, and a better demand sprang up
from he shorts both here and at the West. Later in the week,
with a good crop outlook in the West, and increased
receipts at St. Louis, there was considerable selling by the
Northwest, Chicago, St. Louis and New York. The Government crop report, issued on Wednesday, was more favorable
than had been expfcted, especially for wintt^r wheat. The
total crop of spring and winter wheat has been variou-lv estimated ot late at from 485,000,000 to 512,000,000 bush., against a
total last year of 415,000,000 bushels.
New winter wdeat has
begun to arrive at Chicago and is Krading well. Exports have
reached a fair aggregate, and latterly exporters have begun
to buy spring wheat, 751^0. being paid for ungraded, while
87}^(a87|!^c. has been paid for No. 2 red free on tnjard, partly
for Antwerp account. The more favorable outlook for the
crop has caused a recession in prices, the advance early in the
week being lost. To-day there was a lair busiaess at lower

9
9
9
9

86
80

0.

Western white

9.^>

Sprlii!?

Op«n|Hi«h Lov). OlM. Op«i|H<«k Low. Clot. Open Bivh Lou>.

Com—

C.

80

per bush...
No. 2
winter No. 2 ..
Red

HpriiiK,

'1

108,000

6, •89. "13,955.9 i3
29, •89. 15.300,715

91,958
1,82",S60
1.002,300

31.903
76.229
81.621
121.888
17.6(7
51.7:11

38.581
116,000

6,479
13.048
22,629

19.000
2'2.774

155.41»
28.950
82,446

28,770

4,913
9,640

48.355
833.790
30:;,6('0

21,700

9.60O

9,093. 611 5.686.7 63

8.'>8,32l

9,490.334 5.250.113

916.765
1-3.581
229,32 )
234,533

376,423
2S1.607
151,113
136,474

T>t. July 7, 88. 23.031,727 :0,f 0,31.5 4,449.609
Tot. July 9, •H7 32,787,1'JO 9.502,416 2,42.^,57 1
Tot. July 10, •86 28,567,844 9,180,788 •2,204,881

22;',87i.

.

:
;

THE CHRONICLE.

60

[Vol.

XUX,

CBOPh, transactions, but the current demand was only moderate.
AOBICCLTIRAL DEPAKTJIEST'8 REPOBT ON CEREAL
Department issued on the lOtli Blankets were in moderate demand, and k'ading makes are
July l.-The Agricultural
month of June, as well sold up and steady in price.
institi report on the cereal crops for the
Domestic Cotton Goods. — The exports of cotton goods
follows:
m- from this port for the week ending July 9 were 3,330 packthe I)..i.«ttraeiit "^^''loulture rnaUo «u
••Tl»- .lun,.

.

r..,.

returns of

ages, valued at |I.>4,760. their destination being to the points
specified in the table below.

New Yokk

1889.

to July

Since Jan. 1^\ Week. Since Jan, i

ire«7.-.

746
26
731
43

Qreat Britain
Other European. .China
atimi8tj>oli.l8,lry. »..llnJHUcwettoex.eHS. <^ \'''« l"'?.!, i,, tI.v <
sonio .lau«.T rf Injury from i-xct-ss "' "'O'"'"™, «*«",' ',,1^,^,,";
car staKB aud In ion..',
thouitli till, .ally i.luiiud was lu the roatiiif.'
th,.couluVrw M..I a!.,; a ». coml cro,.,.laiucd. lu tli.;Ohio valle.
wet wwilhei of In
aitiou is l<.\v.r than elst-wheic. Ih.ifxtiouitly cold,
M»v HUd the llrsiweek in Juno was veiy uufavorahic to
latter part of
aud the frosts of that renod injured or desirojtil
KtTUiliialli.i
Th« icii!auiluK was slow ar.d
rbat wbkU was ahoie crouud.
though thrifty and gr. wtherefore small,
•re
the
plant*
some loss of area i>y
leeu
thire has
Miihit:iin
lu
iBB.
Cut
plowintt up and s.edlin; to luiliet fn.ni failure to obtain stand.
have been very ilestiueiive Ju the Wes-. More lulvanctd He (Is
woru.s
four tuifs by tins
In this reKiou, which should have been ciilttvaled
atd aedulf. have only lierii ploweil twice. The crop is thcrefoi e late
pendent on .luly weatlier for Improvemeut. while exposed more tliau
usual to possible adverse condnloiis The maizeot the northern boHler,
from Wisconsin to Dakote. suffoivd fioi:: the abuoriiial cold of May atat
early June, but looks (|Uile a« wel uow as in the Ohio \ alley. W est of
the Mlfsissippl and in ihe sub-biiiuid belt aud border vt the arid reiiiou
the crop Is i-'cu rally in Hue condition. thoUKb injured at points by over-

India

la

Africa
West Indies

757

,

flows and excess ol uioisiiire. The >rreat AmeriCMU desert is grcru with
the gn^at Aiuetican cereal in high developiuent. The general averagooi
condition Is abiuit 00 per ceni. aud tlio averaxes of the principal S atcs
ecunsvlvauia. -tf; Vlisjinta, 90; GeorKia. !).->; Texa-,
are: Sew York, HI
Of; Tennessee. '..i!; Kentucky, i>0; Ohio. 81; Miihi(;au, "0; Indiana, 81:
WIsiousin. 18:; .MiULCSota, 87; Iowa, 95; Missouri,!)::
Illinois, 82:
Kanfiis. t)7; Ni br-iska. 9*; Dnkuta, si.
The condition of winter wheat is well sustained, notwithstanding
jurybysioim and Hood, the fieii. ral conditinn stsndinK at 9J. The
former couiplalntH ol threatened injury by ilioiiKht are displaced by
statements of some ai tUiil damat'e by abundant riilus. Occasioui.1 reports of iniury froiu the Hessian tly.tlie chinch bug, the uiidge aud iiist
are received, lint Ihe h eal esiiinatr s of conditiou do not indicate luiub
damage. I'lolial ly the resnllini.' damage may be mote fuliy disclnseil
by tlie books of the ihrediers. In the heart of the West the harvest
was well advanced, and is generally Halshert by this date. It is entirely
eomivleled in the South and tbieshing is in piogros.^. The aveiaxea of
condition of prinuipal .Stales are as follows: New York, H6; I'eniis.il
vanla, 9t>; Virginia. 9e; (leorgla. 94; Texa-s 86; Tennessee. 95; Keutuckv, Sfc; Ohio, 8i-; Miehigai , ff»; Indiana. 81s Illinois. 91; .Missnuii,
94; iunfas, 9.-; Cal fornia. 97. The straw is generally short aud ususome plai es
ally well hea.ied aud plump lu grain, though
It
is
somewhat shriveled. Fears were entertained of injury
which the change of weiiiher
In
the shock after harvest,
may pr«veiit. The returns eoneermug spring wheat in Dakuta
are very unfavorable from results of long eoutiuued drought. Riins
late in June had improved the siluation. but the general average as consolidated is 62. Kesults are cxtii uiely variable, from a good yield down
to a bushel per acie. lu some sectioUf as reported, the gr^iii is already
heading out. wl h straw fix luclieJi high. The averages ol Wisoomm and
Nebraska are each 95; Iowa, i-7; >Iiuiiebota. 87; and the averages of
Montana, Idaho ami Washiugtou are low; the general average is about
83, which la very low at this stage of growth.
Kye maiutaius its eo> ditiou and barley declines to about 92.
A large fi.lliug olf of the area lu tobacco is reported, amounting to
over 23 per cent on boih cigar and manufacturing leaf, tde latter sustaining most of Ihe los
The prelimlnaiy estimaie makes a redectioii
of 30 per ceut in Tennessee, 34 in Keutueky, 44 in Illinois, with a small
reduction in Ohio aud MissoiU'i. The general conditioa of tobacco falls
a little short of 90.
;

m

m

,

.

Nbw yoBB,

•

Total

light.

Domestic Woolen Goods.— There was a somewhat better
demand for spring-weixht cassimeres and worsted suitings
and fair orders were placed in this connection by buyers oii
thespotand with the representatives of commission houses on

the load. Prici s of light-weight clothing woolens are a trifle
higher than lust year, but the average advance on goods thus
far placed on the market will not probably exceed 5 per cent
Heavy woolens for men's wear were in limited demand, but
there was a steady movement in some d. sciiptions on account
of back orders. Cloaking* continued in fair request, and
a
slightly increased business in stockiMsts was reported in
some
quarters, but Jersey cloths ruled quiet. Satinets were
in
bght and irregular requ-st, as were Kentucky jeass and doeskins. For wool and worsted dress goods there was a
fair
inquiry, and prices remain firm all along the line. Flanne's
were disii uitd in bbir.,1 quuiit tie- in account of forui,
i

428
133
913
351
133
37
69
444
67

7H,b38
28,464

2,831

2,687

85,972
20,705

2.687

!

104,502

2.3

From Now Englaud

'

106,677

mill points direct.

The values of New York exports since January 1 have biea
$4,449,293 in 1889, against $.5,15.5,164 in ISSS.
At first hands there was a somewhat freer demand for staple
cotton goods by jobbers, but selections averaged light. Brown
sheetings were in irregular demand, but fine j arn makes were
taken in fair quantities and prices are generally firm.
Bleached shirtings, wide sheetings, corset jeans and cotton
flannels were distributed in fair quantities at firm prices, but
the demand for most sorts of colored cotions ruled quiet.
Print cloths were quiet in demand and the market was somewhat unsettled, extra 64x64 "spots" having been quoted at
4c. by manufacturers, while sales at 3 15- 16c. were made by
outside parties.
1889.
1888
1887.
1886.
July 6. Jutv 7. Jiilii 9.
Jiilii '.0.
Slock of Print Cloths—
manuf'rers. 99,oro
159,000
3,000
72.000
Held by Providence
8,(J0U
12,000 188,000
52,000
Fall River mauufacturers
Noue.
Noue.
57,000 123.000
Provblence speculators
None.
3,000
63,000
15,000
Outside speculators (est)
107,000

Total stock (pieces)

472.000

18.000

262.000

Printed cotton fabrics, as calicoes, &c. were fairly active,
andthe'ewis a moderate business in ginghams, table damasks and quilts.
Foreign Dry Goods. Importers continued to make fair
deliveries of certain fall and winter fabrics on account of
importation orders, but new business was restricted in volume. The jobbing trade ruled quiet and featureless. Prices
remain steady on the most staple goods, and some sorts are
dearer at the sources of supply in Europe.
liuportatiouB of Dry Croocls.
The importations of dry goods at this port for the week
ending July 11, 1889, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:
,

—

3 B

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H

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for

t

There was a considerable influx of outof-tovrn jobbers and
their department buyers during the week under review, and
a moderately improved trade was reported by some of the
commission houses, though the volume of business was by no
means large. The demand at first hands was chiefly for
small parcels of staple goods required for immediate distribution, but there was also a good deal of inquiry for certain
fall
and winter fabrics, in wl ich tliere was a fair
movement on account of former transactions. The display of
light-weight woolen gc ods for men'.s wear has become more
general and prices have not been materially advanced, despite
the late appreciation of the staple. There was consequently
a fair business in spring woolens, orders for a few of the
most popular makes of woolen aud worsted suitings having
been quite liberal lor the time of year. Jobbers have done a
fair package trade in a few sorts of staple and department
goods, but the jobbing trade in the regular way was very

32

TotiU
China, via Vancouver

at

Friday p. M., July 12, 1889.

73

4H0

South America
Other couuiriea

2,287
1,56»
33.362
5,892
7,816
2,S48
7,885
2,977
2,244
18,112
1,280

17

1

1,808
8,315
1,906
2,931
19,d20
1,596

5

Central America...

otal

THE DRY GOODS TRADE.

15

170

Mexico

105

il.te.O

20,710
2,670
3,499

Arabia

nK

1888.

9.

^ -to'ibb
*"

-.

'

•

?
s

CO
1
Full text of Commercial and Financial Chronicle : July 13, 1889, Vol. 49, No. 1255

FRASER
