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HUNT'S
MERCHANTS’
3-
MAGAZINE,
§kwjsp»pjeL
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES..
»r
t
*
•
1
SATURDAY, JULY 30, 1887.
VOL. 45
and the
CONTENTS.
Connecticut
128
Features of our Foreign Trade 130
The Brilisli Naval Review
131
THE
Weekly Railroad Earnings
132
Imports and Exports in June. 133.
Monetary and
Commercial
English News
133
BANKERS’
Bonds
136
Range in Prices at the New
Yolk Stock Exchange
137
135
News
GAZETTE.
Pi ices of Active Bonds at N. Y.
Stock Exchange, and Range
since January 1, 1887
138
Prio n of Inactive Bonds
139
Local Securities
140
Railroad Earnings
141
Investment and Railroad News 142
Terms of
(Cotton
('train
(Petroleum
For One Year (including postage)
For Sixf Months
d<».
shares.)
(748,103)
bales.)
bushels.)
bbls.)
Boston
Pr videnee
Hartford
New Haven
European Subscription (including postage)
Annual subscription in London (including postage)
Six Mos.
do
do
do
0 10
11 28
£2 7s.
£1 8s.
Subscriptions will bo continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
Post Office Money orders.
These prices include the Investoks’ Supule.went, of 120 pages
issued once in two mouths and furnished without extra charge to
subscribers of the Chkonio e.
A tile cover is furnished at 50 cents; postage on the same is 18
cents.
Vo.umes bound for suoscribers at $1 00.
or
London
Agents:
Messrs Edwards & Smith, 1 Drapers’ Gardens, E. C., who will take
subscriptions and advertisement's and supply single, copies of the paper
JOHN U. FLOVD.
WILLU’I U. D.VMA A
102 William Street,
CLEARING
Co., Publishers,
IN 10 iV l odE.
Post oittue Box 958.
110 U^E
RETURNS.
Week End'g
July 10.
!
1880.
1887.
P. Cent
P. Cent.
$
$
519,099,073
4-2*0
603,679,561
(-32*4)
(4 9.2-0)
(1,058,513)
s
+8*7
82.449,200
5.072,«0o
2,079,135
1,027,002
1,187,181
1,012,528
+1*8
+ 1P4
977,300
—1-9
690,080
+4"3
75,540,807
77,133,207
-21
4,023,900
4,508,300
1,895,399
1,207.233
855,728
4-2'0
4“?* 8
Total Middle
Chicago
Cincinnati
Milwaukee
Detroit
..
.
1,090.749
482,038
87,127,705
87,951,917
-ov
95.090,352
+2*5
01,825,9441
50,915,911
48-0
O'3,340.153
+18-9
Denver
St. Paul
7,858,519
4-3T2
11,613,8, 2
4 O'*
9,9*1,514
13,105,230
+329
+5"5
84,701,0201j
70,288,9.32
4-11*0
91,432,903
+ 181
50.324,292!
9,549.000
3,938,308
3,870.070:
45,431,3*0
9,303.350
3,003,970
4-24*0
-4-2*0
+ 11
-9-U‘l
1,74s 731
3.393 277
1,222,0 8
3,239,008!
2,703,03?
+ 1 7*2
1,853,8*0
1,170,952
1,725.124
3,005,749
441,498
35 ,0.)0
4-7*7
4-93-4
-r-14-8
-t-18-0
4 20-4
-t HVl
4-25 5
+1103
57,541,372
10,891,250
3,885.047
4,0.50, 9 »
1,801,0.0
3,198 *09
1.933,801
1,03 <.3.tO
2,983,843
3 988,877
95,301,833!
77,497,083
+23 0
99,918,702
18,223.9901
10,935,500
+7"6
+037
+-7"7
+25-0
10,291,115
1,230,318
5.47)),538
5,7 70.0 IH
4,391,939
55-) ,002:
Grand Kapids
Wichita.
858,258
12,045,014!
2,019,0941
3,321,4nL
1,970,919'
Minneapolis
740,279
00-, oil
1,808,052
2,801.109
1,030,709
-
431*1
4-431
2.277,271
4,9.9,550
638,884
734,8. i7
1,40.1,3 0
1,935,518!
351, '87
Dn lut h*
Total Western
St. Louis
St. Joseph
New Orleans
1 onisville
Kansas City
4243
+18-0
+7-9
647,714!
Indianapolis
Cleveland
Columbus
Peoria
Omaha
—12-9
1,042,283!
!«■,230,002j
Baltimore
4-120
(-23-3)
(-79*4)
+9'7
+20-7
4 3-5
4-13-0
1,035,584'
Pittsburg
(—9*8)
(+97-2)
1,351,700!
ladelphia
(1,100,006)
(900,000)
(38,094,200)
(0,402,000)
2,041,850i
at Is. each.
WILLIAM B. DANA.
!
(483.700)1
(340.700)
(29,075,000)' (41,814,000) (-30-5)
(12,580,000) (30,350,000) (-0.5*4)
93iS 30 L
Phi
a
.
Total New England...
*
|
$
533,358,770
New York
Sales of—
(Stocks
Lowell
:
$10 20
against $361,869,073
cent.
Ending July 23.
1887.
Springfield
Subscription—Payable in Advance
per
)
Worcester
She Chronicle.
of 17 9
Week
Commercial and Miscellaneous
Money Market, Foreign Ex¬
change, U. States Securities,
State and Railroad
and Stocks....
«eult is $426,868,776 this year,
year ago, or an excess
THE CHRONICLE.
Clearing House Returns
125
The Financial Situation
126
New Railroad Combinations in
.
NO. U53.
l,3Sl,li 8l
4,603, 58
4,590,2a1
7,0.94,225
973,945
009,8031
<>
+5-S
+7*5
+ 14-5
+19" 7
-033-4
+ 14-1
-j—1 j" t
-133-1
+ 32*9
+21" C
+52-8
+33 9
+70-C
315.002
843,488
4,272,2 d
3,0.5 ..57.)
5,3 8,09.3
801,387
940,993
433,880
-1-44-9
-\ 12*7
-
+15-9
—0-4
-j- .j'.r.j
+13-9
+3 r*(5
8,174,987
-4-45*0
1,073,211
+ 11-5
Memphis
clearings for the week ending July 23 is not Galve-ton
—35*0
—25 "u
730,238
558,323
+158
518,957.
+20"5
80 satisfactory as the one pr* ceding it, either at New York or Norfolk
+ 11 "5
39,310,408
Total Southern
3-Mli5,743;
+ 10-1
33,260,83o
in other sections of the country.
At this city, however, over
+ 4,)’l
-t 52-1
20.089,028
one-half of the d- dine indicate.! from July 16 is due to the San Francisco
17,707,592, 11,613,192
H‘::
-41'03
950,103,014
800.340,40.
Total all
850.82.5,329
further falling elf in specu.ation at the Stock Exchange,
340.483,153
280.0 11,3 9
-f13 2
323.407.554
where the dealings i;i sh ires wt re lesj importmt, with only Outside New York..
Not included in totals.
two exceptions, than for any fud week since January 1, 18*5.
The returns of exchanges for the five days as received by
Altogether all but ekveii of the clearing houses included in
telegraph this evening exhibit a small loss from the corres¬
our statement record some decrease compared with last week
ponding period of last week. Contrasted with the five days
but the aggregate loss outside of New York is only tw entyof 1886, however, all citie s record gains.
Our entim i e for the
three millions of dollars-, and is doubtless iu large pari ac_
full week end* d July 30 indicates an excels over a y ar ago of
counted for by the tJackei ing in mercantile allairn usual a^
about 12*6 per cent. Messrs. R. G. Dun & Co. repm t the num¬
this season, which the «. xct ssively hot weather would naturally
ber of failures for the wtek ended to-night (Jolv 29) as 184cause to be more pronounced.
(102 in the United States and 22 in Canada), against 172
That the present statement is a fairly favorable one is dis¬
last week and 192 for the same time a year ago.
closed when comparison is made with the similar period of
if VC: Euu'g July 23.
Week Ending July 9.0.
1886, for there are only two cities which show any loss, and Returns by Telegraph.
at many points heavy gains continue to be recorded.
The
18-...
P. Cent.
P. Cent
1886.
1887.
decline at Boston, moreover, is very slight, and solely the re£
*
$
The exhibit of
*
~
-r
..
*
s
-
Bult of much smaller stock
operations in the current year.
This week Wichita leads in percentage of increase over last
year, with 110 3 per cent, and is followed by Peoria, 93*4, St.
Now York
Joseph, 63’T, San Fi an cisco, 52*1, St. Paul, 46T, Kansas City,
Baltimore
44 9, Omaha, 44’8, and Indianapolis, 43 1 per cent.
Share transactions on the New York Stock Exchange, as
stated above, were of lesser volume than during the previous
week, and covered a market value of $42,596,000, against
$63,132,000 for the week of 1886. We follow our usual cus¬
tom of deducting two and a half times these values from’the
New York clearings to arrive at the exchanges of other origin,
Sales
of Stock (shares)....
Boston
Philadelphia
Chicago
St. Louis.....
New Orleans
441,529,500
(1,050,195)
58,449,440
45,988,43?
9,090,451
42,124,401
14,730,4.80
4,072,841
44 1,090,2; i3
+1*1
(0 <1,803)
(—33 0)
03,09; ,055
51,481.290
-3-2
58,363,047
+8-4
(+100)
+o-i
42,405,404
8,533,9 *0
+8*3
+130
38,251,000
13,089,850
+101
47,8-59,584
-f o-i
+173
+235-
3,002,393
+35-0
15,407,*117
4,349,899
+13*5
407,203,409
(9 *5.549)
11.552. -01
+7-4
Total, 5 days.
616.570,016
571,519,043
140,104,263
113,817,339
+7-9
+22*2
637,-42,539
Estimated 1 day
124.902.48L
+2*0
+11-2
750,0SO,879
95,132,304
085,320,38*
70,992,610
+10 4
+34 0
702,805,020
95,401,203
+30*9
851,813,183
750,3l8.9v*2
)-12*6
857 206.223
+0*5
Total full week
Balance Country*
Total week, all
*
For tke full week, based on last ween’a returns.
+4*2
126
1
THE CHRONICLE.
THE FINANCIAL SITUATION
Money on call, as represented by bankers’ balances, has
loaned, as was the case last week, at 6 and at 3 per cent,
averaging
per cent, while renewals have been made at
5 per cent, though the banks claim not to have loaned
below 6 per cent.
Still, there has been an easier feeling
on call loans, but a firmer tone for money on time.
The
rate quoted for loans on prime stock collateral, running
for three, four, five and six months, is 5 per cent, and only
a very few transactions are reported on mixed collateral.
A feature of the week has been the 'further development
of the money stringency in Boston.
Call loans are
reported there at 7-} to 8 per cent, and the rate to
borrowing banks steady at 7 per cent. The bank situ
ation in that city seems at present to be improving,
loans decliniDg and cash increasing ; in fact the situation
there, as here, is stronger than it was in 1886. A year ago
July 24, the Boston banks reported loans a little over
148 millions and specie and legal tenders at 12J mil¬
lions ; this last week loans were reported at 136f millions
and specie and legal tenders at a little over 12 millions.
To be sure, the net amount due from banks is less, but
the total surplus reserve is in excess of a year ago.
There is scarcely anything doing here in commercial paper;
our own banks are not in the market and country banks
are finding their funds fully occupied at home.
The cable reports discounts of 60-day to 3 months’
bills in London l-g@l£ per cent, although there have
been during the week large withdrawals of bullion. Bank
is reported to have lost £684,000, but a special cable to
us states that it was mostly taken out for South America;
in fact the week’s exports have been £760,000 principally
to South America, the net loss being as stated because of
an import from South America of
£27,000 and receipts
from the interior of Great Britain of £49,000.
Tuis
large movement would have had more effect on the money
market, had not the apprehension of further ship¬
ments to New York
been relieved.
The open market
rate at Paris has been maintained at 2 £ per cant.
This
high rate there is due to a lack of confidence in the general
The special recent anxiety has been the new
situation.
Panama canal loan which was offered on Tuesday.
No
details are at hand, though the cable reports that it was
not a success; but as shares only fell 10 francs, it seems as
if it must have been a partial success, for otherwise the fall
would have necessarily been greater, as its failure would
imperil the interest payment. The open market rate for
money in Berlin is If per cent.
Our foreign exchange market was dull but firm all
the week until Thursday, when, uader the influence of
more liberal offerings of bills, chiefly those drawn
against
securities bought for European account, the market became
easier, although not quotably lower.
It was regarded by
bankers as probable, however, that if the foreign buying of
securities continued rates would decline, for the demand
at the moment is not sufficiently urgent to absorb
any large
amount of bills.
It is quite difficult to understand this
situation when one turns to our foreign trade movement.
Even this week the total exports amounted to only
$3,888,075. Mr. Switzler of the Bureau of Statistics has
issued within a few days the June trade figures, which
show but very little better than the results for the pre¬
vious two months.
Over 13 millions is the balance against
us on the merchandise movement for that
single month.
Or if we add to that total 10 millions, the general estimate
of our indebtedness to the world for interest,
freights, &c.,
each month, we have a debt of 23 millions incurred
during
those few weeks, wholly unpaid, except so far as it has
[Vol«
been
paid by money borrowed
usual summary is as below.
or
XLV.
Our
securities sold.
FOREIGN TRADE MOVEMENT OF THE UNITED
STATES— (OOOs
Omitted,)
c
Merchandise.
Excess
Tear.
Exports. Imports. of Ex¬
ports.
1886.
57,988
Feb
51,905
53,693
54.017
March..
April...
May
....
June....
$
47,415
56,687
60,038
57.366
52,872
$
Jan
54,101
55,907
54,212
Total.. 327,611 328,590
1887.
Silver.
Gold.
Im¬
Ex¬
porta.
ports.
$
t
$
1,700
*4,782
*6,345
*3.349
986
2.582
5,654
840
9,921
351
4,812
1,229
249
7.395
1,69-
263
8,380
10,573
*979
EXC688
of
Imports.
$
+876
+4,668
+9,081
+4,461
+7,146
+8,117
1,824
2,068
$
1,884
854
585
696
812
1,256
2,907
+1,533
+1,867
+1,105
1,915
2,351
1,194
1,332
1,019
1,925
1,748
629
March..
65,317
47,602
43,628
48,054
62.894 2,423
63,581 •15979
58.665 *15037
61,173 *13119
578
829
2,445
April...
904
297
607
503
620
+ 117
*
1,023
1,147
1,760
1,128
7,490
1,677
Total.. 330,912 ‘357,420 1*26508
$
*
2,907
2,001
2,345
4,395 38,744 134,349 12,999
144
June....
ports.
678
3,536
May....
Excess
of Ex¬
ports.
ports.
5,509
51,951 19,583
59,156 *4,879
Feb
Im¬
1,176
71,534
54.777
Jan
Ex¬
1.494
5,994 7,162
1,854
1,654
2.647
+1,168 12,240
.
721
1,218
436
1,417
1,384
1.230
982
766
7,527
4.71S
541
t Excess of exports.
Excess of imports.
Tne
foregoing shows a merchandise balance
the last three months of 44 million dollars.
We have been asked the
reason
against us
for the fluctuations in
during the past ten days and whether the opening
infl lence on the
price. For months the price has b3en balancing between
44 1-16d. and 43£d. per ounce, the average being below
44d.
It began to rise above the highest figure men¬
tioned Monday, July 18th, having on Tuursday of that
week touched 41 7-16; but from that point it again
declined, the quotation on Tuesday, July 26, being 44} 1.,
though the next day there was another recovery to 41}1.
silver
of
a
market for silver here has had any
There
seems
to have been a combination of circumstances
affecting the price of late. It i3 possible that the open¬
ing of our silver bullion certificate market and the
advance here,'stimulated the London market, though we
scarcely believe it had any effect. At all events there
were other and more important circumstances tending in
the same direction.
A new 4 per cent loan for two hun¬
dred lacs of rupees payable in silver wa3 announced a
short time since, tenders to be received at Bomba/ and
Calcutta until August 2 1;
would cause
as this
a
special demand for that metal it probably stim¬
ulated the market. Again steps have recently been taken
by the Indian banks to check the speculation in forward
exchange. Those operations have been considered by
many as a depressing influence on silver.
Tue London
Statist of July 16th states that the Iadian banks met the
previous week and decided upon common action, to the
extent that in future, forward business in exchange will
not be entertained for a period beyond two mouths
Some were inclined to think that exchange might take a
decidedly favorable turn in consequence of this action •
On the other hand, a depressing infl lence now is the large
drawings for India remittances by the India Council,
larger than a year ago at this time. We understand they
have just been increase! to 40 lacs.
These facts taken
together will probably explain both the upward and the
downward movement in the price of silver without cred •
iting our market with any infl le ice as yet.
Some surprise has been expressed at the few transac¬
tions here in bullion certificates that have taken place.
This is easily accounted for.
Tue rapid decline in London
would naturally arrest a movement hardly begun in New
York, for there could be no transactions at the figures the
early sales recorded. A mere check, therefore, does not
prove anything with regard to the future.
As yet there
is no basis for independent
action on the part of our bul¬
lion dealers, whatever may be their position in this par .
ticular later
metal
on.
Until
the
accumulated stock of the
deposited with the Trust Company has become
so
THE
July 30, 1887. J
CHRONICLE.
important as to restrict the commercial world’s current
supply-j any dictation as to price is out of the question, and
accumulations must be slow so long as they are confined
to our own production.
The aim of course is not to secure
a market for bullion, but to make this the controlling mar¬
ket, and to accomplish that the world’s supply must be so
far turned this way as to compel London to take what it
needs from us at our price. In other words, the proposi
tion is to corner silver bullion just as we corner coffee or
wheat or any other commodity.
The excuse for the effort
is that the European market is a bear market and not a
test of the real value., So here is an opportunity for
bullionists who have faith
in the white metal to test their
j
faith by their works; that is, overbid London, get hold of
all the current production, dole it out as it may be wanted
at such price as may suit the holder, and see wh at comes
from the movement. To test the question fully only needs
money and nerve.
Of course merely holding our own
-
'
■
production could have no other effect than to give other
market to sell on, and those who took part in
it would find themselves, after a few years’ trial, in much
countries
the
same
a
position
the wheat deal.
entire
production
the Fidelity Bank in the matter of
as
New York must strike for the world’s
more
the
ern
to the London market cannot
be tested.
Of
hold of this affair and
see
it through.
Central and the Norfolk & Western.
The return of
received this week the statement of the Cleveland Colum¬
bus Cincinnati &
Indianapolis. This gives us three large
But we have previously had half yearly state-
systems.
ments from the
New York
Central, the Lake Shore &
Michigan Southern, and the Michigan Central, so that,
altogether, we have the results for the half year from six
prominent companies. It will be inteiestiug to bring
them together in one table, and compare their operations
for 1887 with those, say, for the two years preceding, as
is done in the following.
Gross
TRUNK LINK
EARNINGS.
Jan. 1 to J
une
1887.
30.
•New York Central
Lake Shore
Michigan Central.
+
Pennsylvania....
|
Net earnings.
earnings.
1886.
1885.
$
$ •*
$
10,728,151 14,912,012 11,565,850
8,608,557 6,933,682 6,487,654
6,361,000 5,436.000 4,973,000
26,370,724 23,250,104 21,319,593
11,440,305 10,457,049 8,658,148
2,039,420 1,819,228 1,042,908
1887.
1880.
j
*
5,897,450
3,580,270
1,850,000
8,784,383
3,251,840
715,897
$
1
5,315,120
2,447,097
1,484,000
7,069,024
1885.
*
.
3,079,777
1,899,5:38
1 087,000
6,519,859
1,609,436
expected, the anthracite coal companies this week Erie
2,802,421
Clev.Col.Cin.&Ind.
576,960] 323,655
agreed to advance prices on the 1st of August about ten
Total
71,549,157 62,808,735 54,047,219 2 i ,079,352120,295,«22 15,179,205
cents a ton. * In view of this step, it is especially desirable
West Shore operations included in 1887 and
but not in lb85.
t Lines East of Pittsburg and Erie.
to know the exact condition of the trade, and figures
That this is an important body of roads may be judged
which have been published this week, as prepared by
Mr. John H. Jones the accountant of the companies, are from the fact that their total earnings for the half-year
The publication of the monthly state- reach over 71-£ million dollars. An idea of the improve¬
useful to this end.
ments has been discontinued ; nevertheless for two sue' ment that has occurred may be formed from the circum¬
cessive months now the figures have found their way into stance that in the half-year of 1885 these same roads had
print. For May, when informed that the statement had gross earnings of only 54§ million dollars. Of the increase
been surreptitiously obtained, we omitted notice of the of nearly 17 million dollars in j the two years, 8 millions
same, but the June exhibit has been so widely published, roughly was made last year and 9 millions this year.
and possesses so much interest at this j incture, that we The net we find stands at 24 millions, against 20£ millions
feel we cannot in justice to our readers omit to refer to it. in 1886, and 15 1 5 millions in 1885, the improvement this
Accordingly we give the following summary of the 1887 year not having been as heavy as last year, owing
results, as contrasted with those for the two years pre¬ to large expenditures for betterments, renewals, &c.
On the New York Central the net this year amounts
ceding.
to $5,897,456, against only $3,679,777 in 1885.
Some
Jan. 1 to June 3J).
June.
Coal.
Anthracite
may claim that the result is affected by the fact that the
1885.
1887.
1886.
1886.
1887.
| 1885.
West Shore accounts are included in the present year, but
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Stock
beginning
were not included in the former year.
874,631
754,545
372,282
This circumstance,
754.205
614,451
525,641
of period
Production.;
2,710,708 2,502,318 2,490,033] 15,903,446:14.523,375 12,701,322
however, does not apply in the case of the other roads,
Total supply
3,404,013 3,200 709 3,015,673 ! 16,275,728j 15,277,920 13,57*5,<*03
and yet we find' that some of them have nearly doubled
700.730
582,163
800,534
700,736 j
St’k end of period
582,103] 800,534
their net earnings of two years ago.
Thus on the Lake
Consumption
2,004,371) 2,506,033 2,433,510|il5,475,194) 14,577,184 12,993,840
total
been
increased
from
Shore
the
has
$1,899,538 to
This shows on the whole a fair’y satisfactory state of
things. Stocks at tide-water shipping points have increased $3,580,270, and on the Erie from $1,669,436 to $3,251,346.
since the first of the year from 372,282 tons to 800,534 On the Cleveland Columbus Cincinnati & Indianapolis
tons, and are much larger than at the corresponding the proportion of gain is even greater, for while the net
period of other years, but as production was 1,380,071 now is $715,897, in 1835 it was only $323,655. As for
tons greater than in the preceding year, quite a large the Michigan Central and the Pennsylvania, the former
increase in consumption is indicated.
This latter indeed has increased from $1,087,000 to $1,850,000 and the
is the feature of most encouragement, for the above figures latter from $6,519,859 to $8,784,383.
A word more as to the Pennsylvania figures for the month
exhibit a steady increase in consumption from year to
year.
Thus for June the quantity gone into consumption of June. The gain in gross over last year (Eastern lines
would appear to have been 2,664,379 tons this year, reaches $575,757, which is certainly large enough stand¬
against 2,506,033 tons last year, and 2,433,510 tons the ing by itself, but • is simply extraordinary when we
year before, while for the half year the total for 1887 is remember that it follows a gain of no less than $600,463
in 1886, so that in two years there has been an increase
15,475,194 tons, against but 12,993,840 tons in 1885.
Railroad earnings continue of a favorable character. of $1,176,220, or from $3,735,638 to $4,911,858.
The
is
latter
total
decidedly the largest ever made in that
Quite a number of reports of net for the month of J une
month.
The
have been made public the last few days.
net, too, is the best on record.
On the
Among the
As
*
.
.
-
Pennsylvania, the Pniladelphia & Reading, the North¬
Reading reflects the improved condition of the coal
trade, and in a measure this is true. also of the exhibit of
the Northern Central and the. Erie, which are both large
carriers of
But
coal, anthracite and bituminous.
the
Pennsylvania is a very representative system
comprising all kinds and classes of traffic, and the heavy
gain on it therefore is a feature of more importance.
We desire to-day, however, to consider the trunk lines
by themselves. J une of course completes the half year,
and besides the Erie and the Pennsylvania we have
course we are
expected to have faith in the venture, but those who
think our views have all along been wrong ought to take
not
prominent ones may be mentioned those of the Erie,
the
the claim which is made with regard
or
127
.
THE CHRONICLE.
128
\
[Vol. XLV.
*;
been much better years than
Western lines there have
present, and yet the deficiency in meeting liabilities
for the month is only $55,084, against $162,127 in 1886,
and $334,817 in 1885.
Allowing for this diminishing
deficit, the net of the whole system for June 1887 stands
at $1,506,375, against only $574,627 in 1885.
Here is a
the
summary
francs silver,
The follow,
ing indicates the amount of bullion in the principal Euro¬
pean banks this week and at the corresponding date last
report, shows an increase of 9,660,000 marks.
year.
of
Gold.
1887.
1880.
$
4,911,858
3,350,399
$
1885.
1882.
1883.
1884.
Pittsburg.
arose earnings
Operat’g expenses.
Result
t
2,984,008
*
$
3,73\038 3.900.174
2,820,194 2,823,148
4,156,871
2,977,726
9
4,093,750
2,559,423
1.033,020
1,179,142
1,534.333
-55,084
1,351.183
—102,127
-334,817 -311.907 —176,290 +103,778
1,503,375
l,lt>9,006
1,5(51,459
Net earnings...
'Western lines
4,330,101
909,444
771,119
574,627
'■
1,638,111
1,002,852
Jan. l to June 30.
Germany*
Anst.-Hung’y
....
Netherlands..
Nat.Belgium*
National Italy
21,681,770 19,227,230
0,815,000 14,846,000
5,100,000 8,246,000
2,485,000 1,242,000
7,001,000 1,118,000
£
Tot. this week 113,044,042 91,993,108 205,037,810
Tot. prev.w’k. M3,288,131 90,980,229 204,208,300
£
21,582,054
21,582,054
54,285,729 45,071,108 99,356,837
20,470,970 10,272,230 36,749,200
6,493,000 13,031,000 20,124,000
0,701,000 8,103,000 14,804,000
3,907,000
2,6 i5,000 1,322,000
7,327,000 1.390,000
8,723,000
119,510,753 85,855,333 205,300.091
118,981,702 85,825,857 204,807,559-
*
20,370,724 23,250.104 21,319,593 23,333.249 24,352,579 22,050.847
11.580,341 15,580,540 14,799,734115,221,007 15,833,753 14.460,725
Gross earnings
Operat’g
48,225,180 47,313,938
France..
June.
21,736,092
95,539,118
40,909,000
21,001,000
13,340,000
3,727,000
8,119,000
Total.
Silver.
£
£
£
21,730,092
England
Gold.
Total.
Silver.
£
Lines bast of
July 29,1880.
July 28.1887.
Banks
of results for a series of years.
and the Bank of Germany, since the last
expenses.
Western lines
8.784,3-^3
+410,484
7,009.624
-514,923
8,112,242
—98*,090 -704,855
8,518.826
+215,074
8,190,122
+35,403
Result
9.194.807
7;154.701
5,532,709
7,347,387
8,734,500
8.225.5C5
Net earnings...
0,519,859
quite up to that of
1881, though the gross is nearly five millions greater, and
For the six months the
net is
not
The division (between gold and silver) given in our table of coin and
bullion in tbe Bank of Germany and the Bank of Belgium is made from
tlie best estimate we are able to obtain; in neither case is it claimed to b&
accurate, as those banks make no distinction in their weekly report,
merely reporting tlie total gold and silver; but we believe the division
we make is a close approximation.
Note.—We receive the above results weekly by cable, and while
not all of the date given at the head of the column, they are the
returns issued nearest to that date—that is, the latest reported figures.
Assay Office paid $211,269 through the SubTreasury during the week for domestic bullion and
has never before been reached.
On the Western line3;
$709,645 for foreign bullion, and the Assistant Treasurer
too, the net result is below the best of previous years, but received the
following from the Custom House.
the improvement since 1885 is indicated in a surplus of
Consisting of—
$410,484 now, against a deficiency of $987,090 then
Duties.
Date.
Silver CerU. S.
Gold
Gold,
Taking the system entire, the net result for 1887 is
Notes.
Certified.
iificates.
$9,191,867, while for 1885 it was but $5,532,769—the
$28,000
$1,000
$ JO,000
$307,000
$398,522- 47
July 22.
gain being §3,662,09.8, or over 65 per cent.
332.000
03,o00
48,000
23.
2,000
455,382 92
The
“
The stock market this week has shown decided weak,
the better claes of properties have suffered
greater or less depreciation. West Shore 4 per cent
bonds, for instance, which last December sold at 106, on
Thursday dropped to 98J, though having since recovered
about one per cent.
A number of rumors were used to
depress the market, such as probable stringency in money
later on, trouble in Boston, etc.; but these were merely
the occasion for the decline, and not the reason for it.
The truth is, there is no outside speculation in stocks,
and there is not likely to be any at present.
Tnis. leaves
the market whol'y in control of the professionals, who
hammer price3 at. every opportunity.
Traffic conditions
ness,
and
even
559,701 53
894,955 91
2, *00
45,000
442,030
6 ),000
5,5oO
112 000
701.000
3,500
2,000
57,00
361,000
2 32,000
74,000
68,000
28.
405,020 93
306,093 35
Total.
$3,119,740 11
$10,500
“
25.
“
20.
“
27.
“
>
32,000
$369,000 $2,128,00o
Included in the above payments were
coin,
40,000
$333,000
$14,030 in silver
chiefly standard dollars.
NEW RAILROAD COMBINATIONS IN CONNEC¬
TICUT.
Tlie New York & New
have recently
acquisitions which, clearly indicate
a determination to avail of every opportunity for extending
the business of tlie system.
On tlie point whether these
and prospects are favorable, bin have^ no effect on various'
steps have been taken solely with the idea of
values.
making a strong independent system, or whether there is
The following statement made up from returns collected an ulterior
object in view having for its purpose a consol¬
by us shows the week’s receipts and shipments of currency idation with the New York & New Haven,—on that point*
and gold by the New Yoik banks.
we will say nothing l>ejrond remarking that quite a number
Received by
1687.
Week ending Julg
' Shipped bp
X. V. Hanks. X.
1\ Hanks.
yet Interior
Movement.
.
Currency
? 1,037,000
•11,074,000
Loss..
f 1,0.<7,000
?
1,074;'.100
L>ss..
$637,000
Gold
Total
gold and legal tenders.....
>
4037,000
The
ab^ye snows the actual changes in the bank hold¬
ings of gold and currency caused by this movement to
and from the interior.
banks
In addition to that movement the
Ion
$100,000 through the operations of
Sub-Treasury, and have gained $700,000 by gold
imports.
Adding these items to the above, we have
the following, which should indicate the total loss to the
have
the
New York
Clearing House banks of gold and currency
by the bank statement to be issued
for the week covered
to-day.
TTccfc ending
Into Banka.
July 29,1887.
Out of Banks.
Net Change in
Bank Holdings.
1 l,037.00o
G.9o0,000
11,074,000
Loss..
8ub-Treas. oper. and gold imports..
0,300,000
Gain..
$037,000
600,000
Total gold and legal tenders
f7,93 7,000
$7,971,000
Loss..
$37,000
Banks’ Interior Movement, as above
The Bank of
...
England lost £684,000 bullion during the
week.
made
a
number of
England
managers
new
of circumstances combine to
give plausibility to the latter
present purpose however it is sufficient to
know that with tlie.se extensions the New England is given
a wider
field for carrying on operations, and a stronger
hold on the traffic already in its possession.
The latest acquisition of course is the New Ilaven &
Derby, in which New England directors were given a
representation*this week ; but the earlier acquisition of the
Ilousatonic with its lease of the Danbury & Norwalk is
certainly of equal if not of more importance. Besides this, it
is pretty generally believed that the same parties have also
acquired the Shepaug road.
The New Ilaven k Derby in itself is only a minor road,
for it is but thirteen miles long, running from New Ilaven
to
But being tho only road
Derby and Ansoiua.
running out of New Ilaven not under the domination of
the New York & New Ilaven, it was considered desirable
that it should be left in independent control.
From the
standpoint of the City of New Haven, however, there
was another
object to be attained. It will be remem.
view.
For
our
This represents £49,000 received from the interior
of Great Britain and £733,000 net sent abroad. The Bank
bered that
buck obtained the
road,
of France
built between the
Derby, and the New England.
gained 3,550,000 francs gold and 2,700,000
one
of the
conditions under which Mr. Starwas
that
a
connection
was to
be
This
July 80,
THE CHRONICLE.
1887.]
has in view, for if the connec¬
be established is made reasonably direct, it will
•discloses the object the city
tion to
.give New Haven a very short
outlet to the West via Fish,
till—shorter and more direct in fact
than any route it now
Not only that, but by this connection both the
Shepaug and the Housatonic might be made tributary to
the city—especially if the point of connection should be
Hawleyville. The Shepaug runs north from that point to
Litchfield in the northern part of Connecticut.
The
possesses.
Housatonic
walk
runs
north from Bridgeport and South Nor¬
(the latter point over the Danbury & Norwalk)
the way through Connecticut to Pittsfield, Mass.
But if this gives us a clue as to the desires of
of New Haven, what
are
the advantages
all
the City
which the
pur¬
hope to secure thereby for the New York &
New England? We think we see two ways in which the
newly-acquired roads might be made to work beneficially
for the New England.
Here in New York we are almost
•completely absorbed with thoughts of a New York and
Boston line, so we are apt to forget that the New England
chasers may
We refer of course
the connection with the Hudson at Fishkill.
It is
has still another line
to
to
look after.
claimed by many parties that it was a mistake to build
this extension—that it would have been better to have
securing a road to New York. But
the question is no longer a practica¬
ble one.; The extension exists, and a wise management
will make the best use of it possible.
The extension was
built for the purpose of securing a share of the through
business to and from the West, and to give New Eng¬
devoted the money to
however that may be.
land
a
connection with the Pennsvlvania coal fields.
j
Bur-
129
unless a new road
ran side
by side with the Consolidated all the way, tbus
touching precisely the same points as the old line, the
control of these leading railroad entrances into Connecticut
might serve to thwart the effort at competition ; for the
Sound steamers deposit both freight and passengers at
those entrances, and with no railroads to carry the same
inland to a junction with the new line, the latter would be
unable to get any of this important traffic.
It is not to be
supposed, however, ‘that the New England managers
acquired the new lines on this idea, even though the lines
could be made useful in that way.
Rather is it likely that
they would seek possessionin order to overcome the effects
of present rail-and-water competition.
The New England
has suffered from this kind of competition, especially in
the case of coal.
The traffic would come by water as far
as possible, and then
find its destination over the nearest
rail route, a very low rate thus being possible.
With the
rail connections mentioned in the hands of the New Eng
land (the New Haven controlling the only others—at
Now Haven, Naugatuck and Saybrook), this form of com
petition might be checked or diminished, and thus better
rates to the New England be insured.
Some will claim, of course, that these acquisitions have
been made in order better to cope with the New Haven
road.
It is interesting therefore to observe that from that
standpoint they could also be made effective. The New
Haven has recently absorbed a number of roads—tha
New Haven & Northampton, the Hartford & C’onnecticu
Valley, the Stamford & New Canaan, and the Naugatuck.
There is nothing striking about this, for the roads in
question have for some years been operated in the interest
be admitted
or
not, it ia easy to see that
ing Mr. Clarke’s management this through business was
discontinued, because the trunk lines being at logger- of the New Haven. But it is rather curious to note that
heads, the traffic did not yield remunerative rates. Only some of the roads acquired by the New England, look like
recently, however, a five-year contract for handling the moves intended as counterparts to those of the New Haven.
Erie's business of this description was entered into.
The Thus as an offset to the latter’s absorption of the New
-connection with the Erie is especially useful, however, in Haven & Northampton, we have the acquisition by the
another way, namely in the fact that the Erie is one of New England people of the Housatonic, both roads running
the largest coal carriers (bituminous and anthracite) in the through Connecticut to the northern part of Massachusetts.
It is further interesting to note that between them the two
country.
This suggests the question whether the new roads, and systems have absorbed nearly all the roads, large and
especially the Housatonic and Shepaug, might not very small, in Connecticut, about the only exceptions being the
advantageously be used in furthering and extending this New London Northern running north and south and
kind of traffic and especially the coal traffic.
Practically leased to the Central Vermont, and the Connecticut West¬
these roads open up the whole of Western Connecticut ern which has just been turned over to the parties identified
and Massachusetts.
The New England already has an with the Poughkeepsie Bridge.
Still, there is very little to support the idea that these
entrance into Central Massachusetts through the line to
Springfield and that to "Worcester, and into Central (’on. recent moves are the result of increased rivalry, for the
necticut through Hartford, while double lines to Boston interests of the two systems are hardly antagonistic ; they
allied. The New England can and should
are rather
give a good hold on Eastern Massachusetts, and the line
to Providence affords a good connection with the little develop its coal traffic, but it must not neglect its passenger
Thus in effect the grip of the New traffic. Out of total gross earnings in the year 188.3-0 of
State of Rhode Island.
England is extended over the whole of the three States $3,803,0.94, §1,200,896 (about one-third) represented
receipts. In the case of the net, the proportion
greater, for passengers contributed §534,007 out
But there is still another purpose which the new acqui¬
of
§1,381,310. It should be borne in mind moreover that
sitions might be made to serve.
Note that all the new
while the New England is without a line to New York, the
lines, with the exception of the Shepaug, have their ter.
Thus each is in a
minus on the Sound—the Danbury & Norwalk at South New Haven is without a line to Boston.
Norwalk, the Housatonic at Bridgeport, the New Haven position to supply the want of the other. Neither, however,
& Derby at New Haven.
Note further, that the system is entirely dependent upon the other. The New York &
also has an outlet further west on the Sound—at New New England can use the New York City & Northern, if
London.
Now, from ajstrategic view, are not these very necessary, for an entrance into New York; while the New
Haven, to reach Boston, has the choice between the Shore
important points, in the sense that they command all the
via the Boston & Providence, and the Boston &
principal railroad entrances to the interior of New Eng line
land ?
It is commonly supposed that a new line between Albany route via Springfield, both of which it is now
Still, it is a fact that the shortest and best route
Boston and New York, such as is announced every now using.
and then, would be a menace only to the New Haven or is obtained by using the New England from Boston to
Consolidated road; but would not the New England also Willimantic, the Boston & New York Air line (New
Suffer greatly from such an invasion ? But whether this Haven road) thence to New Haven and the New Haven
mentioned.
passenger
is
-
even
{Voi,
THE CHRONICLE.
130
Even
if
for
allow
the
of
XLV.
silver
exports
An alliance between the two sys¬
tems would thus seem to be quite natural.
Such an alli¬ (§9,036,313), the balance in our favor in the late year was
not quite 33$ million dollars, while the sum required of
ance, however, would mean the exclusive use of the route
us annually in payment of interest, freight* etc
and to
indicated, to the detriment of the Boston & Albany and
proper
to New York.
we
excess
,
the Boston & Providence routes,
and it has always been
cover
undervaluations, is usually reckoned at three times
Yet in the face of that fact we imported
contingency the owners of
This
these would retaliate by encouraging the building of an $33,207,714 net of gold for the twelve months.
opposition line. But if an alliance is not possible or intended, brings out strikingly the feature to which we have
harmonious arrangements such as now exist would seem, repeatedly called attention in recent months, namely
that the gold movement has not been controlled by the
from what we have said, not only desirable but imperative.
trade situation. This movement of course is always affected
more or
less by other conditions, such as the relative
FEATURES OF OUR FOREIGN TRADE.
cheapness of money here and abroad, and the extent of
The figures of our foreign trade for the year ending
the purchases or sales of American securities by foreign
June 30, which the Bureau of Statistics at Washington
investors and speculators.
But palpably these influences
has issued this week, afford material for a very interesting
were paramount in the late year, and we never before had
study when contrasted with similar figures for previous such a
signal demonstration of their importance. We
years.
give below the gold exports and imports, and also the
On the whole it must be admitted that the results for
silver figures, for each year since 1871.
Even though not
the year are somewhat disappointing.
Notwithstanding entirely the result of trade conditions, these varying
the large shipments of wheat which distinguished the
movements of the precious metals are interesting and
year, the merchandise exports are only about 37 million
worthy of record. It will be observed that while we had
dollars greater than in the year preceding, when the total
over 33 millions net of gold in the late year on a mer¬
was the smallest since 1877.
And the balance in our
chandise excess of only 24 millions, in the preceding year
favor on this merchandise movement is even less than in
on an excess of 44 millions we shipped gold to the net
1885-6, reaching not quite 24$ million dollars. The total
amount of 22 millions.
The heaviest influx however haa
trade represented by the imports and exports of mer¬
been in years when we had a large balance in our favor
chandise makes a somewhat better comparison with other
on the merchandise movement.
For instance in 1880-1,
years, but that is almost solely because of the expansion with a balance of
nearly 260 millions, we received gold
in the imports, which standing alone can hardly be con¬
net to the amount of $97,466,127, and in 1879-80 we
sidered an encouraging feature. How the 1887 results
received $77,119,371 net on a balance of 167$ millions.
compare in all these particulars with each of the sixteen
understood that in such
years
VALUE
that amount.
a
preceding, can be seen from the following.
OF
IMPORTS AND EXPORTS OF MERCHANDISE
1887, INCLUSIVE—SPECIE
Year ending
June 30.
1871
1872
Merchandise.
Export 8.
t
442,820.178
1874
1875
513.442,711
020,595.077
042,130,210
507,400,342
533,005,430
2,509,203.437
501,840,087
2,889,300,749
577,873,349
1877
540,384.071
002,475,220
400,741,190
451,323,120
878
094,805,700
1879
710,439,441
835,038,058
Total 5 years
Average
1870
1880
Total 5 years
-
$
and
Imports
Exports.
f
Imp. 77,403,500
Imp. 182.417,491
Imp. 119,650,288
Exp. 18,870,698
Imp. 19,502,725
903,043,802
1,070.772,003
1,164,010,132
1,153,089,382
1,040,448.147
49.548,700
1873....
44,8-0,715
1874,...
34.042,420
1875....
1877....
60,980,977
31,177.050
20,590,374
1870..
.
1,001,125.801
431,051,532
Exp. 79,043,481
Exp. 151.152,094
Exp. 257,814,234
445,777,775
007,954,740
Exp. 204,601,000
Exp. 167,683,912
823,839,402
740,513.009
74-2,189,755
723.180,914
724,039,574
007,097,093
577,527,329
1,053,798 340
1.131,917,298
1,150.217.216
1,503,593.404
...
1882....
ias3...
1884..
.
1885....
3,039,025
2,565.132
32,587,880
11,600,888
41,0*1.957
8,477,892
5,846,652,125
1880....
42.952,151
1,109,330,425
1887....
9,701,187
259,712,718
25,902.083
100,058,488
72,815.910
104,062,420
1,545,041,974
Exp.
Exp.
Exp.
Exp.
Exp.
1,475,181,831
1,547,020,316
1,408,211,302
1,319,717.084
3,335,710,138
Exp. 623.752,231
Exp. 124,750,446
7,295.172.507
007,142,028
1880
079,524,830
1887
710,701,984
635.430,130
692,259,751
Exp. 44,088,694
Exp. 24,145,233
1,314,900.900
1,408,964,735
Thus while the exports
dollars as compared with
1880
1881....
Exp. 920,955,387
Exp. 184,191,077
8,959,402.399
791,892,474
1,459,034,502
have ircreased only 37 million
the year preceding, the imports
have increased nearly 5.7 million dollars.
In only two
other years has the total of the imports been exceeded,
namely in 1881-2 and 1882-3. The exports, on the other
hand, are the smallest since 1879, with the exception of
last year, as already said.
The excess of exports over
imports has not been so small before in any year since
1875.
As shewing how greatly the result has changed in
recent years, it should be noted that while the excess in
the late year was less than 24$ millions, even two years
ago (in 1884-5) the balance in our favor was over 164$
millioDS, while in 18S0-1 it was nearly 260 millions, in
1878-9 over 264$ millions, and in 1877-8 almost 258
1872....
4,587,614
042,004,028
millions.
60,080,208
9,204,455
902.377,340
750,542,257
Average
1
1871....
1879....
1881
Imports.
Excess
Excess of
Imports or
Exports.
j Exports.
Imports.
of
Exports.
3
$
17,369,317
25,302,543
26.953,369
23,830,216
17,947,241
Total
1878....
492,509,074
Total 5 years
Exports.
1,079,714,036
070,700,751
1885
Imports.
ending
June 30
5,398.570,180
Average
1884
TO
Imp. 380,103,312
2,402.848,309
1883
1871
Imp. 70,032,002
3.383.803.750
1882
or
t
520.223,084
444,177,580
522.479,922
580,283.040
1873
FROM
VALUE8.
Excess of Exports
Imports.
Silvei'.
Gold.
Year
*
0,883,501
8.717,458
8,082,447
19,503,13:
13,690.793
7,992,7( 9
26,240.231
*
$
Exp. 59,802,647
31,755.780
Exp. 40,831,302 30,328,774
Exp. 30,174,208 j 39,751,059
Exp. 14,539,283 32,587,985
Exp. 53,284,184 j 25.151,105
Exp. 23,184,341 j 25,329,252
Exp.
13.330,215 Imp.
5,024.948 Imp.
80,758,390 Imp.
100,031,259 Tmp.
34,377,054 Imp.
17,734,149 Imp.
22,831.317 Exp.
34>,140|
4,125,760!
1,037,334
77.119,371
97,406,127 |
1,789,174
6.133,201
10,250,010 j
26,691,096Imp. 18,213 30l
20,743,349 Exp. 22,208,842
!
42,P0S,90l! Imp. 33,207,714! !
29,571,063
24,535,070
20,409,827
13,503,094
10,841.715
10,829,599
20,219,445
14,380,403
5,020,231
12,798,490
8,951,709
7,203.924
7,943,972
14,528,180
10 491,099
14,671,052
12,2*5,914
10,544.23.*
17,385,280
15,04 ',083
8,044,571
5,738,775
1,227,980
6,297,477
8,095,336
8,734,263
33,753,033
10,550,027
20,511,219
20,290,504
17,8 .0,307
9,464,203
11,450,481
17.203.006
11,000.913
17,200,191
9,036,313
26,051,426
10,755.242
14,594,945
already indicated that in part the less favor¬
now is the result of heavier imports, but in
still greater degree it is the result of diminished export
values.
As compared with 1882-3 present exports repre¬
sent a falling off of 107 million dollars, as compared with
1879-80 a falling off of 119 million dollars, and as com¬
pared with 1880-1 a falling off of .185 millions. What
are the
reasons for this contraction, and what staples of
export account for it? In the Chronicle of July 16, we
gave an analysis of the breadstuffs exports, showing a
very heavy decline in these items, and the reader who
wishes to pursue that branch of the inquiry is referred to
those figures.
But there are other staples which play
an
equally important part in the export movement—cot¬
ton, provisions and petroleum for instance—and to show
the extent to which these have affected the result, wo
give below the exports of each for the last twelve years,
and the aggregate for them all, as a^so a column com¬
paring this aggregate with the total exports of all descrip,
tions.
The figures for 18S7 are subject to slight changea
to cover minor items and ports not yet heard from.
We have
able balance
July 30,
Fiscal Tear
ended
THE
1887.j
Provisions
Bread-
Cotton.
st U ffs.
Dairy
Petroleum
Total Four
Total All
Staples.
Exports.
*
$
Products.
June 30.
$
*
$
$
447,945,390 540,384,071
130,045,040 192,059,202 92,325,308 32,915,780
408,417.375 002,475,22')
01,789,438
118,579.418
171,118,508
110,930,011
532.152,003 094,805,766
40,574,974
180,700,40' 180,031,484 124,845.137
532,005.183 710.439,411
40,305,249
119,857,092
102,304,250
200,537.992
067,007,538 835,038,058
30,218,025
132,488,201
2*0,704,807 211,535,905
902,377,340
247,095,740 150,809,840 40.315.009 714,377,015
1870
1877
1878
1879
1880
209/50,720
182,< 0 ',841
207,473,S38
102,544,715
100,370,821
125/40,558
1881
1882
1883
51,232,700
44,913,079
197,015,2 >4 114,353.7*8 47,103,248
201,902,45* 107,332,450 50,257,947
205,085,042 .00,025,210 50,199,844
•102,420,194 200,222,057 92,274.085 45,423,474
■
1884
1885
.
1880...
....
....
1887
*
and
199.842,044 122.020,890
247.328,721 109,217,149
dollars mast be
Some 3 million
reported on.
Not one oi these
■55,072,081
003,932,757
521,016,955
519,923,682
471,757,200
500,340,410
131
CHRONICLE.
dairy products, but may say that there the decline in price
is equally important, though of course in the case of
pork products this has been accompanied by a diminution
in the quantity shipped because of the prohibition placed
on the same by many European nations.
In the annexed
table we give the average export values for a series of
750,542,257
323,839,402
740,513,009
742,189,755
079.524,830
710,704,984
*
..
not yet
j
1
|
Cts.
1871.
75.9
c
Wheat, bupershel.
Yeenadirg3Ju0ne. Corn, buspheelr.
■
added to this to cover minor items
number of leading articles.
years on a
!
«
s
£ o
©
5S -•
'C
-3
s
a
i
Dolls.
Dolls.
Cts.
1 31.0
6 59.4
14.9
!
|
Minoeirlasl, prergfinl.'d, and lb,
Bacon hpaemrs,
j
.
-e
R
a
p;
j
salt'd, pound.
Pork, per
3
s,
^
a-
|
%J s
Buter, perpound.
11
Cts.
«
S3.
Cts.
Cts.
Cts.
Cts.
Cts.
Cts.
25.7
11.4
13.2
10.9
08.7
21.5
13.7
24.9
080
101
07.2
07 0
19.4
11.7
1872.
09.5
1 47.3
7 10.9
19.4
1873.
01.8
1 31.2
7 56.5
18.9
23.5
08.S
09.2
07 8
€7.7
21.1
13.1
1874.
71.9
1 42.8
7 14.4
15.0
17.3
09.0
09.4
0-.2
0/2
25.0
13.1
1S75.
84.8
1 12.4
5 90.8
15.1
14.1
11.4
13.8
10.1
08.7
23.7
13.5
07.2
1 24.2
0 21.0
12.9
14.0
12.1
13.3
10.6
08.7
23.9
12.0
21.1
10.8
10.9
09.0
07.5
20.6
11.8
14.4
08.7
08.8
00.8
07.7
18.0
11.4
05.7
06.3
14.2
08.9
previous total.
Taking the breadstuffs value at 165 millions, there is a
decrease of 104 millions as compared with 1880-1, and of
121 millions compared with 1879-80.
Cotton shows con¬
11.2
siderable stability, and yet even here there is a decline of
41 million dollars as compared with either 1882-3 or
11.3
1880-1.
Provisions and dairy products, which counted
for 156f millions in the exports of 1880-1, in the late year
07,2
counted for only 92^ millions. Petroleum stands at only
87,0
07.6
45J millions, against over 50 millions in the two years
^Including Sea Island.
preceding, and over 51 millions in 1881-2. It will be
As low prices have now become the rule the world over,
noticed that these four leading staples furnish over 70 per
it is important to understand that it is to them that we
cent of the total exports, and account almost entirely for
owe in large measure the falling off in the value of the
the changes from year to year.
In the late year, for
instance, they had an increase of 34^ millions, while total exports. And this being the case, the prospect of the
exports increased 37 millions. Cotton is decidedly the early recovery of that falling off must be considered quite
most important single item, and is as pre-eminently remote, unless we can in some manner enlarge our list of
“king” in the movement as it was years ago. For 1886-7 exportable products. »
staples is up to its best
1876.
1877.
1878.
58.7
1 lo.9
6 48.8
56.2
1 33.8
6 35.8
1
11.8
1879.
47.1
1 00.8
5 25.2
10.0
10.8
00.9
07.0
1880.
54.3
1 24.5
5 87.3
11.0
08.0
06.7
07.4
00.1
00.4
17.1
09.5
09.3
07.7
00.5
19.8
11.1
11.0
1881.
55.2
1 11.4
5 06.8
11.3
10.3
0*.2
1882
00.8
1 18.5
0
11.5
09.1
09.9
11.0
09.0
08.5
19.3
11.2
11.9
09.9
08.9
18.0
07.9
14.9
1883.
08.4
1
12 7
5 95.5
10.9
08.8
1881.
01.1
1 00.6
5 58.8
10.6
09.2
10.3
09.5
4 89.7
10.7
08.7
09 2
07.9
00.9
80 2
1-85.
54.0
1880.
49.8
4 69.9
10.0
08.7
07.5
48.0
4 51.7
09.5
07.7
07 9
1887.
89.1
07.0
18.3
10.3
0 7.5
10.0
09.3
05.9
00.0
15.0
08.3
00.0
05.4
15.8
09.3
*
:
'
it furnishes
206
millions out of total exports
of 716J
THE BRITISH
millions.
_
_
''
__
j
__
r. —j«
HA VAL REVIEW.
A pronounced feature of the foreign news of the week
much lower than six or
seven years ago ?
In the case of the breadstuffs ship¬ has been that relating to the grand naval review off
ments we saw two weeks ago that a very important ele¬ Portsmouth in honor of the Jubilee of Q leen Victoria.
ment was the decline in price.
Corn exports had fallen The reports, glowing as they have been, do not seem to
off largely and even the fl our and wheat exports, heavy have exaggerated the magnificent and imposing character
of the display.
Over one hundred ships in line—and such
though they were, did not quite equal those of 1879-80
and 1880-1; but the main reason for the contraction was ships!—fully manned and equipped, and in the grandeur of
their holiday attire, the weather all that could have been
the low prices prevailing.
As regards cotton and petroleum the explanation is much the same.
Here is a table wished, and royalty and all that was noblest and most
illustrious in the land lending dignity and grace to the
giving the exports of these latter two items in quantities.
scene—it was a sight such as had never been seen before.
Petroleum.
Cottcm Exports.
As a demonstration of wealth, of strength, of skill and of
Year ending June 30.
Gallons.
Pounds.
Bales.
enterprise, it was, in its way, a triumph worthy of the
241.140,210
1,491,405,334
3,214,032
1870
306,078,*04
1,445,309,130
3,120,472
1877....:
:...
greatest naval power which the world has yet kuown.
334,907.OO8
1,007,533,511
3,391,795
1873
Such demonstrations are not, in themselves novelties.
375,081,711
1,628,372,833
3,402,741
1879
419,311.199
1,822,001,114
3,811,153
The world has been mide familial with them both in times
1S80
394,489,732
2,191,928.772
4,549,743
1881
of war and times of peace.
Great Britain herself—not to
550,327,08
1,739,975.901
3,094,700
1882
499,932,584
2,288,075,002
4,020,808
1883
go back to too early a date, and to compare things that
1,862,572,530
508,489,090
3,884,233
1884
508,202,750
1,891,059,472
differ—made a show of her naval superiority after the
3,909,508
1685
574,632,290
2,058,037.444
4,283,723
1880
570.094.8*3
long war with Napoleon, and in more recent times after
2,109.457,330
4,489,920
1887
the Crimean war.
But these were insignificant when
Wnether we take bales as the unit of quantity or
pounds, the cotton shipments in neither case show much of compared with the demonstration made on Saturday a
week ago.
It is something—we shall not say alarming,—
a loss as compared with the best of previous years. The total
but well fitted to fill the mind with awe, and deeply sug¬
is about 136,000 bales below 1883, and only about 59,000
But
why
are
present exports so
and yet the decline in values in gestive as to the possibilities of the future, to be told that
one of those vessels, the Colingwood, if stationed in the
both instances as we have seen is 41 million dollars.
Still more striking is the result as to petroleum.
This neighburhood of Coney Island, could so fling her destruc¬
tive missiles into New York as to destroy the city in a
records larger shipment than in any previous year; even
couple of hours. It is something even more awe-inspiring,
as compared with 1835-6, there is an increase of 1£ million
bales
below
1881,
and even more suggestive, as to the possibilities of these
gallons, though the value of the shipments is 4£ million
dollars less.
The truth is, the average price per gallon steel-clad monsters of the deep, to be told that vessels are
was less than 7f cents, or lower than ever before.
The now projected or in course of construction which will leave
even the Colingwood far behind, and that shou d another
average per pound of cotton is only a little over 9£ cents—
the lowest in thirty years.
The price realized on fljur is naval review be held a few years from now, it would be
the smallest on record, while the average on corn and as far ahead of the review of Saturday a week ago as that
wheat is very close to the lowest.
to refer at length to the different
We have not the time
items of provisions and
was
ahead of the
mean war.
demonstration which followed
the Cri¬
THE CHRONICLE
132
There
are
many
points of view from which the
affair
Great Britain to main
large and powerful navy. As said above, her
that it is
tain
a
[Voi. XLV.
absolute necessity for
an
Look at it, however, as we may,
colonial and commercial interests demand it.
But such a
getting over the fact that it was intended to
be, and that it undoubtedly was, a manifestation of navy as she does maintain she would not need were it not
for that very spirit which makes the large continental
British strength.
It has become the fashion of late to
armies necessities also.
The British navy is undoubtedly
speak of Great Britain as one of the Powers that were,
and to talk as if, from a war point of view, she was no a burden to the British taxpayers, just as the army of
France is a burden to Frenchmen and the army of
longer to be considered on a level with the great Conti¬ Germany is a burden to Germans. In the long-run, when
nental nations—such as Germany, France and Russia. It it is found that peace is almost as expensive as war, and
is quite true that Great Britain cannot boast of such huge that in the maintenance of vast armaments, naval and
may be
there is
contemplated.
armies
as can some
no
of the Continental nations.
also true that she does not need
such armies.
But it is military nations are but committing self-destruction, we
Her insu* we may see a reduction of the British fleet as well as a
reduction of the continental armies.
The change cannot
position relieves her from such necessity. It imposes come too soon.
upon her, however, another necessity—a necessity which
is emphasized and rendered more imperative by her vast
WEEKLY RAILROAD EARNINGS.
colonial and mercantile interests—and that is the main¬
Except for a falling off on some of the roads running through
tenance of a powerful navy.
What their armies are to the winter-wheat district, the character of the reports of
the great nations of the European Continent, that her earnings is the same as heretofore. For the third week of the
n^vy is to Great Britain.
It is the right arm of her month fifty-four roads show a gain of §332,542, or 11*70 per
cent.
strength. It was becoming that on the Jubilee occasion
such a naval display should be made, that the world
1880.
Increase.
Decrease.
1887.
3d iveck of July.
should know that her right arm had neither weakened nor
*
$
$
$
57.100
200
57,300
lost its cunning, and that if the necessity should be laid Buffalo N. Y. & Pliila
28,029
Buffalo ltocli. <t Bittso...
11,900
39,v>29
19,714
17.812
Cairo Vincennes it Clue..
i,87L
upon her to draw the sword, she was but little likely to California Southern
i 6,366
13, 97
20,403
23 7,000
232,000
5,000
Canadian Pacific
be found wanting.
29.370
13,929
Chicago it Atlantic
4< >, 153
4 2,:»h 0
2,830
In 1S78 she surprised the world by the use she made Chicago A Bast. Illinois..
4 5,242
23,242
Chicago Mil. it St. Paul..
432,000
2 1,8 3
2(5.1 30
1,323
of her transports.
it West Mich
It rmde an end for the time of all talk Chicago
50,20
Cm. Ind. St. L. it Cliic
3,GS8
40,512
>,110
1,3sS
of British military weakness.
.lark, it Mack.
0,734
It can hardly be doubted Cincinnati
7,4
53
248
Ciu. Richmond
Ft.
lar
1
....
i
that this latest naval
demonstration will serve a
similar
It is very true that there is a strong desire on
the part of the British Government and people not to
distuib the peace; but it ought not to bo forgotten that
this very love of peace would give at once purpose
and energy to the nation if war should be forced upon it.
No grander mistake can be made than to suppose that
Great Britain is not prepared for war.
Sir Charles Dilke
purpose.
n
admirable
his
review
of the
“
Political Condition of
Europe, gm s it as his opinion that Great Britain i3 rela
tively, and all things considered, stronger and better
prepared for a great conflict than before or after the war
with the First Napoleon.
British wealth is enormous; and
wealth is an all-important factor.
Those who know Great
Britain best will still further agree with Sir Charles Dilke,
when he says that of all the Po wers Britain alone could
endure a long war.
The naval review will not havo been
held in vain, if it shall have the effect of convincing the
naval Powers that there is great danger to be apprehended
from any rash disturbance of the peace.
There is a less cheerful aspect in which the recent great
naval spectacle may be contemplated.
We have often
taken occasion in these columns to express regret that
there should be any necessity for maintaining in Europe
in peac9 times such vast standing armies, and we have
shown how these armies, while they grievously multiplied
the burdens of the people, exercised upon all kinds of
productive industry a most depressing influence. It is
literally true that for the last eighteen years most, if not
all, of the Eiropean nations, even in times of peaci, have
been bearing the burdens and expariencing otherwise
many of the inconveniences o' war
And so long as pie
vail those feelings of rivalry, distrust, jealoisy and fear
it is difficult to see hew such a state of things is to be
brought to an end. It s impossiofe who’ly to exclude
Great Britain from the
tain
a
species of
since Mr. Disraeli
although he came
quite as much as
was
much force
list of tho:e nations which main¬
policy in peace times. It is long
spoke of her “bloated armaments;” and
in course of years to be an offender
those who had ruled before him, there
in t ie expression.
It is true enough
war
it
W..
Cincinnati W ash, it Balt.
Clove aud Akion it Cot...
Cleveland m Mar.etia
Col. it Cin. Midland
7,203
...
Dayton Fort W. & C
Kio Grande
Den. it Rio Grande West.
Det. Lmsing A. Noithoiu.
Last Tenn. Va. it Ga.
..
Evansville it Iiulia’polis.
Evansville it lerrell
Flint it Pore Marquette..
Ft. Worth it Donv. City ..
Grand Rapids it 1 ml.....
Ind. Bloom, it Western..
Denver it
-
4,302
5,808
0,42*2
{) S 13
4.510
144.78 a
4,172
Central
Milwaukee L. s. it West
Milwaukee it Northern...
N. Y. Ontario it Western
Norloik it Western
Northern Pacific
Peoria D, e. ,t Evansville
St. Joe it Grand Island..
St. L. Alt. it T. II. CM. L.)
Branches
St Louis Ark. it Texas...
St. Louis it San Fran
St. Paul it Duluth
Tol. Ann Arbor it No.Mich
Toledo it Ohio Central...
Wabash Western
.
SOI
2,082
2,25
1,028
1,902
\5 i,
19,577
289,1 ,(>
38,34 *
2
7,090
623
440
9,7*87
04.858
•
50..*8 •
12,129
31, 35
18.064
03.
12,544
3.024
2.202
Oj
283.23 (
1 (*,58 *
21,746
1,268
20,59 7
3,297
5
2,607
2,100
«j|t) o 3
115,03(5
35,054
54.44u
19,223
83,i
.,n*
31.880
32,100
10,108
*5 /
3,543
3,421
25.0
0,342
10,850
o
0.0
<
10,220
100,074
13,142
23.971
1(5,827
139,054
13,911
33,701
8,005
15,531
3,174,199
001
2,944
12,587
2,841.057
374,576
Atlantic
Pacific,
$
3,058,400
51,229
44,987
28,204
1886.
Increase.
9
19,767
1,46&
16,526
8,414
5,478
684
Ffvst Tenli. Va. A: Ga
103,02b
33,417
Florida R’way it Nav. Co.
Grand Trunk of Canada..
Houston <t Texas Cent...
10,817
300,01(5
50,423
43,032
33,224
29,349
14,72
70,209
14,127
328,490
45,342
36,164
21,217
3,351
23,480
21,442
11,297
10,539
10,458
15,875
839
664
3,974,123
3,478,988
545,349
City Fort S. it G.
Kansas City Spr. & Mem.
Kansas C. Clin. & Spr
Memphis & Charleston
Mexican Nat. (So. Div.)..
N. Y. City & Northern
Kansas
..
Toledo Peoria <t W
Total (73 roads)
•
(3,486
5,959
5,830
42,485*
390,272.
24,910
8,0 85
7,028
6,102
01,892
Decrease.
$
9
2,710,619
31,402
15,696
7,996
Vicksburg it Meridian..
Vicksburg Shrev. <t Pac.
42,034
r
46,455
12,568
53,890
Ca'ifniniM Southern
Cin. N. O. <fc Texas Pao...
Alabama Great So
New Orleans & N. E
T
73 roads, on
*
Burlington C. R. & Md...
........
cent:
1837.
Prev’ly rep’ted (54 roads)
...
332,542
For the second week our final statement covers
2d week of July.
*
709
3,715
Net Increase (11*70 p. ct.)
....
39,580
•
9.733
4,890
....
which the Increase is 14‘23 per
........
8,6 u2
7,812
28,512
14, / ,>0
2
Wisconsin it Minnesota.
7,279
J
9
15,117
17,100
Wisconsin Central
Minn. St. Croix it Wis..
•
5.218
35.880
70.040
274,977
Wheeling it Lake Erie....
7,017
7,918
43,90 (
56.403
.31,035
..
Total (54 roads)
5,033
20.931
15,153
'
4,281
21,340
43,530
10,439
07,0(50
20,200
'289,570
4(5,951
37,301)
93,370
74,0 2
Mexican
5,297
10,211
6,230
7. ,090
37,8 18
Maiquette Hough. it On
...t
42
OOi
13,025
-,SiO
03,582
3,28 J
Lon*4 Island
Louis v. Evansv. it St, L..
Louisville & Nashville
Louisville N. All*, it Chic.
.
2
18,249
50.. >07
18,257
49,17;*
Western
...
7 09
151,00o
2 1,2 5 5
1 0,535
•
Kingston & Pembroke
.
5,749
10,544
4,34 4
07’030
...
Lake Erie it
32,28.-
38,033
1 1,253
*
2,126
1,198
........
2,690
31,526
........
.
5,081
7,464
12,007
135
5,869
........
6,756
.......a
50,fO^
JULY
30, 1887.J
EXPORTS FOR JUNE.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for the month of June
and the six and twelve months ended with June 30, 1887
IMPORTS AND
corresponding periods of the
comparisons for the
preceding year, as follows :
as
fptattelartj! ©rnmwctxial gufllish^rxos
well as
[From our own
June.
The course of
Total...,
Imports
exports over imports
imports over exports
Excess of
Excess of
13,158,919
6.391,265
$18,053,586 $J30,911,p37 $716,704,984
61,172,960 357,420,174 692,259,751
$24,445,233
1886.—Exports—Domestic
i’3,119.374 $26,508,337
$34,574,553 $320,493,937 $665,964,529
13,560,301
7,116,937
1,332,751
$6:9,524,830
$55,907,304 $327,61‘>,874
Total
54,211,998 32-,5-9,612 635,436,136
Imports
$41,0:8,694
l,695,3u6
Excess of exports over imports
$978,738
Excess of imports over exports
Foreign
GOLD AND
SILVER—COIN AND BULLION.
86 947
$3,1 98,692
3.063,455
$620,316
$7,16*2,147
$1,383,286
$3,296,818
$533,36^
1887.—Exports—Gold—Dorn...
Foreign
Total
Silver—Dora
Total
Total exports
Imports—Gold
2,943,086
9,291,468
$1,747,634
$2,367,950
$5f 3,553
$12,239,904
$19,402,051
$5,994,274
$26,296,504
$35,997,691
$42,908,901
7,527,451
$13,521,725
$60,169,092
982,396
Silver
$1,486,149
$881,801
Total
Exoess of exports over
Excess of imports over
imports
exports
1886.— Exports— Gold— Dom...
Foreign
$29,881,897
2,692,605
$0,380,143
$1,055,300
798,331
8,862,285
$J8,744,182
$8,544,129
4,455,247
$1,854,131
$12,999,376
$10,234,274
$51,743,556
$1,394,554
7,490,725
$U,88d,*279
Total
Foreign
Total
$262,691
Imports—Gold
1,176,305
$1,438,996
$8,795,278
Silver
Total
Excess of exports over imports
Excess of imports over exports
Foreign
Total
Imports
Excess of exports over imports
Excess ©f imports over exports
1886.—Exports—Domestic
Foreign
Total
62,659,10*
674.029,792
$38,873,541
$77,958,448
Exports.
25.050
Galvest’n, Tex
Milw'kee.Wis.
Minn’s’a.Minn
Mobile, Ala...
New Orl’ns.La
10.215|
,702.546
,273.889
41.462
146,740
106,123
306 063
407,994
,028,788
54,053'
219,136!
7,449'
64,388
35.015
482,676 1 ,551,7-2
New York,N.Y41 .041,892 25 ,023,085
579
219,957
Niagara, N.Y..
357.570
Norfolk, Va...
18,313
Oregon. Oreg..
249,936
140,301
Oswega’le.N.Y
219,516
264,183
Oswego, N.Y..
,284,310
,405,831
Philadel’a, Pa.
52,434
337,924
Portland. Me..
,649,519
San Fran., Cal.
,241,835
3.570
208,544
Savannah, Ga.
258,232
St. Louis,Mo.*
106.585
607,789
Vermont, Vt..
23,544
7,897
Willamette,Or
159,3t>9
5,353
Wilmi’g’n, N.C
312,208
73,249
Yorktown, Ya.
Imports.
Exports.
12 months ending
June 30.
12 months ending
June 80.
1886.
bond market.
1887.
1880.
collapse in
in this
the indifferent
gen¬
of late been
showing an unpleasant contraction.
The railway dividends so far announced have been as fol¬
compared favorably with last year. Selling
department has been rather stimulated by
traffic statements published, which, notwithstanding the
erally satisfactory nature of trade reports have
have
lows:
.First Half of
1887.
11,090,944 51,007,149 33.847.788
Balance.
58,430.70. 59,001.505 54,099,068
Dividend.
359,158
887,390
5,875.187
1,509,474
2,092,300
1,746,594
£
Per Gent.
721,581 14,625,218 17,630,632
1,600
3
2,309,577
10,183,209
1,461,242
,7<'4,472
London and Brighton.
1,838,839
1,481,949
4.030.737 Manchtster Sheffield <fc
2,325
2,307,83 L
5,301,642
k
1,530,530
Lincolnshire.....
130,979
2,228,565
3,309,829
89,125
5
Metropolitan
705.170
457,133 18,902,888 10.900,851
7.000
3k
19.00C
634.239
Southeastern
569,988
801,43 i
976,200
1,004,974
,831,967
2,748,9*11
2,5 -/?,414
09,734
61,546
Money has
8,115,171 79.519,909 82.500,190
1.652,135
,098,631 419,338.932 316,347,219 3i4,329.41 L tion.
The
60,821
62,827
2,890,502
1,505,111
99,950'
124,717 15,420,140 11,657,187 New York has been
1,323,098
1,357.281
171,933
231,438
1,559,548 some
1.017,020
2,085,023
,524,227
1.482,293
1,424,362
5.529,664
.559,339
33,753,317
,952,319 80,561.313 39,427,211
to
3,013.124
2,151,335
1,907,64 *
,002,388
at the settlement at
per
',707,708 37,142,117 33,234, ->98 30,228,424
426,353 23,783313 20,304,812
201,745
have been
.293,470
2,395,975
1,529.804
1,002,795
5,919,456
,572,948
5,737,961
return does not
any new
5,135,845
62.495
382,896
4,390.331
6,088,232
203,279
135,614
3,084,355 258 heavier than
7,452,017
81,028
249,162
30,1886..'
30,1887
Interior ports to which merchandise can be
appraisement* under act of Jane 10,1880.
+
America in wheat and coffee,
rather anxious lest further
the circumstances, Stock
Exchange speculators seem to have resolved upon an attitude
of expectancy, being apparently confirmed in their resolution
by the approach of the holiday season, which will have the
usual effect of limiting business. Sales with the view of
reducing accounts opened for the rise have therefore predom¬
inated and have brought out a general weakening of values.
The market for English railway .securities has been very
dull, and this although the dividends so far announced
Again, the late
*
5,535,92
.018,330
1,043,022
1,3 0,200
553,203
First
,
$35,065,730
$34,973,577
transported without
Half of 1886.
Dividend.
Balance.
Per Cent.
2^4
2,152
£
2,234
52 J 00
3,960
devoid of anima¬
for Berlin and
productive of steadiness and has caused
hardening'of prices. The Stock Exchange, however,
managed
obtain what loans they required from the banks
about 2
cent per annum. Short loans
quoted at
to % per cent. The Bank or England
show
feature. The reserve is £51,last week, and the proportion to liabilities
has risen from 38*35 to 40*53 per cent. The stock of bullion
has decreased £142,587, the whole being absorbed internally.
is now £12,856,520, and the stock of bullion
The
£22,447,105, in each case being about £1,300,000 more than last
been fairly firm though rather
continuance of the gold inquiry
Dists.)' 01,172,960 48,053,586; 692,259,751 635,430,136 710,704,984 079,524,830
Remaining in warehouse June
Remaining in warehouse June
The publication of the recent
was a very bad move on the
is
at
therefore
Berlin and Paris mean a thorough unsettlement of the foreign
Totals, (in¬
cluding all
Oth’r
be accumu¬
the possibility of monetary disturbance
correspondingly augmented. Financial troubles
PRINCIPAL CUSTOMS DISTRICTS.
1887.
Paris troubles appear to
investors, and
752,428.843
340,474.891
*
Duluth. Minn.
mans
BULLION.
370,941,899
Petersburg and at
&c., have rendered operators here
troubles be impending.
Under
55,650,994
June, 1887.
.147,160
,H?7,b«2
32tf,083
486,162
3,405
006,103
143,610
218,397
17,850,307
$38,593,656
$33,869,754
$10,490,584
IMPORTS AND EXPORTS BY
Baltimore,Md.
Boston, Mass.
BuffaloCk.N.Y
Champl’n, N. Y
Charlest’n, S.C
Chicago, 111....
Cincinnati, O.*
Detroit, Mich.
$20,743,349
have been
ukase against the Ger¬
part of Russia. Once
destroy the Berlin market for Russian stocks, and the difficul¬
ties experienced in bolstering up Russian credit will be incrased tenfold. Indeed, were Berlin holders to commence in
earnest to divest themselves of Russian issues, the market
would be thrown into a state of disorganization which would
effectually prevent the carrying-out of the proposed conver¬
sion scheme. The withdrawal of German financial support
would mean for Russia very serious embarrassment and
might precipitate a crisis which the present ruling powers
may be excused for regarding with dismay.
At Paris the Panama Canal scheme is the subject of much
cogitation and discussion. The success of the Suez Canal had
resulted in M. de Lesseps’ plan for another route to the Anti¬
podes, via the Panama Canal, being well received, and sub¬
scriptions previously came forward rather freely. There are
now, however, persistently circulated rumors of a failure of
the undertaking, to say nothing of the proposed Nicaraguan
scheme, to be carried out under exclusively American aus¬
pices. Should the Panama Canal prove a financial failure, the
loss would fall almost, if not entirely, upon the French
$273,832
$20,620,011
$61,317,391 $358,919,963 $717,888,646
34,099,594
20,434,4t 9
4,824,1.07
$06,141,578 $379,354,422 $751,908,240
Imports
$
10,353,168
$29,511,219
$72,463,410
we
lating.
$i2,237,573
Excess of exports over imports
Excess of imports over exports
Imports.
$32,766,066
10,186,125
$4 .,952,191
$19,158,031
at St.
$49,109,170 $337,016,002 $726,250,405
13,29 7,8061
26,446,270
1,3 L 2,366
$ 0,421,536 $350,313,088 $752,702,675
1887.—Exports—Domestic
Customs Dis¬
tricts and
.Ports.
$24 171,40 L
$39,858,279
AND COIN AND
TOTAL MERCHANDISE
17,260,191
$5,880,326
$5,687,538
Silver—Dom...
Total exports
$5,705,304
3,995,883
$9,701,187
$17,005,036
364,318
Foreign.
during the past four
indicated that degree of confidence in the future
recently enjoying; The prospect is not
entirely devoid of political uncertainty, although no grave
commitments are apprehended. It is chiefly the financial
aspect of the case, however, which is causing anxiety. Both
which
For the 12
For the 6
Months ended Months ended
June 30.
June 30.
861,071
Foreign
Stock Exchange business
July 16, 1887.
days has not
$47,192,515 $324,520,572 $703,546,065
1887.—Exports—Domestic
ft-
„
MERCHANDISE.
For the
month of
correspondent.]
London, Saturday,
•
reserve
year.
The rates for money
have been as follows:
134
THE
CHRONICLE
Interest allowed
Open market rates.
m*r’t TT’m,.
subscriptions to the Birmingham corporation 3 per cent
£1,000,000 amounted to £1,510,800, at prices varying
At 7 to U
Stock
Months Months Months Months Months Months Batiks. Call. Dayt
from 98 to the minimum of 92. Tenders at £92 Os. 6d. received
about 78 per cent of the amount applied for, and those above
for deposits by
London
Joint
it
17
2
24
2
1
2
July
It
8
tt
1
@i)f» t%®
ia- l%®
-
15 2
Tow
Thru
-
2®- ,194(42
-
17*®
-
-
2
—
a
Six
194®2
1%®2%
D4®2
i%@2)4
1%®2
VA®2H
2 @2% 2%@2%
1%@2 2 ®2%
2 Q2H2'A'a2X
i%® - 1%®2
i%a - 1%@2
1»®1X 1)4® 194 W&2
im im - l%®
lmw l%®
194®
2
Six
Tow
Three
June 10 2
it
Trade Bills.
Bank Bills.
<§
The
j Vol. XLV. *
•
1
H
1
-1
1
1
-1
1
-1
1
-1
1
H
H
H
H
1
-1
1
94 1
-1
1
1
The
following return shows the position of the Bank of
England, the bank rate of discount, the price of consols, &c.,
compared with the past three years:
loan for
that
price in full. The average was £92 8s. 6d. per cent.
capital creations for the week have been :
The fresh
LOCAL.
Birmingham corporation 3 per cent stock, at £92 8s. 6d...
Cardiff corporation 3% per cent redeemable stock, mini¬
mum 96 per cent
£1,000,000
3,000,COO
70,000
Hobbs, Hart & Co. (Limited), £1 ordinary shares
do
£t preference shares
do
do
do
5 p. o debentures
Stroud Water Company, £10 shares
do
West
do
30.0CO
20,000
80,000
debentures
20,000
Worthing Waterworks & Baths Co., £L0 shares,
capital, £60,000, present issue
1887.
Circulation,
£
excluding 7-day and
25,310,585
Other deposits
26,845,010
Government securities
17,485,051
Other securities
19,191,839
12.850,520
25,335,290
4,200.598
25,117,000
15,032.597
19,945.152
11,553.438
22,447,105
21,140,728
Reserve of notes and coin
Coin and bullion
Reserve to liabilities
40 55 p. c.
Bank rate
2 p. c.
Consols
101%d.
Clearing-House return
100,940.000
4.882.970
34,244,417
17,054.990
20,870,198
5,153,481
13,b79,571
2 p. C.
101)4
The bank rate of discount and open
chief Continental cities now and for the
as
20,014,190
p.c.
99%
2 p. r.
100%
113,337,000 120,407,000
04,070.OO<
market rates at the
previous three weeks
-
have been
25,398,855
22,338,959 22,218,009
17,837,457 14,310,008
27,480,312 24.574,858
45% p. C.
44% p. r.
39 p. c.
2%
£
£
£
other bills
Public deposits
4,025,041
1884.
1885.
1880.
follows:
11,500
75,000
United Kingdom Tobogganing Co. (Limited). £1 shares
Highland Distilleries Co. (Limited), capital £200,000, in £5
shares, present issue
Paper Bottle Company (Limited), £1 shares
100,000
120,000
70,000
;
McNamara & Co. (Limited), 8 per cent pref., £10 shares...
Myers Patent Box and Barrel Machinery Co. (Limited),
£1 shares
120,000
60,0 0
20,0C;0
230,000
George Neal & Co. (Limited), £1 shares
Grabham <fe Co. (Limited), £5 shares
Hyde Park
corner
Manchester Ship
£10 shares
(Limited). £10 shares
Canal, perpetual, 5 per cent preferred,
4,000,000
FOREIGN.
City of Maccio (Brazil) Waterworks Corporation (Limited),
6 per ecut, £20 mort. bonds
Tate Bros. Agency & TradingCompaDy(Limited)
£60,000
ofSyd-
aej’, New South Wales, £1 shares
Parana Land Company (southern Brazil), £1 shares; cap¬
100,000
ital, £260,000 ordinary and £10,000 defeired shares,
present issue £200,000 ordinary
200,000
*
COLONIAL.
Mauritius Government Loan, 4 per cent, at par
July 15.
Bates of
Interest at
July 8.
June 24.
July 1.
Bank
Open
Bank
Open
Bank
Opsrt
Bank
Bate.
Market
Bate.
Market
Bate.
Market
Bate.
Paris
3
Berlin
3
Frankfort
3
Open
Market
3
2%
3
2%
2)4
2)4
Hamburg
3
2%
1%
194
1%
Amsterdam
Brussels
2)4
3)4
2%
3%
3
2%
1%
194
194
2%
2%
Madrid
4
4
4
4
4
4
4
4
Vienna
4
3%
4
3H
4
3%
4
St. Petersburg.
Copenhagen....
5
5
5
5
5
5
5
3)4
4M
3
3
3
3
3
3
3
3
Messrs.
8
2%
3
3
3
Pixley & Abell write
as
3
3
3
2%
2
2)4
2
3
2%
3
2%
to influence the trade afresh.
The yield of wheat in India this year is estimated in round
figures at 29,500,000 qrs., as compared with 31,800,000 qrs.
last year and 37,784,000 qrs. in 1884-85.
The‘‘normal” pro¬
duce is estimated at about 33,297,000 qrs.
From the final
report of the Indian Agricultural Department on the wheat
crop of all India, except the native States other than Baroda,
in the Bombay Presidency, the areas and estimated yields
of 1885-6 and 1886-7 are given below for each province:
3
follows
on
3
the state of the
Gold has continued in good demand for Germany, and to-day some
considerable arrivals have been taken for New York. The Bank of Eng¬
land has
received £1.37,000 and has sold £120,000. The arrivals
comprise £20.0o0 from West indies, £10,000 from the Cape, £80,000
from Brazil, £55,000 from New Zealand and £195,000 from China;
total, £300,000.
steady since
last at 44i1(id., owing to Mint
demands; the rate tfcen fell to 44d., but to-day, owing to the favorable
sale by the India Council and the short supply of themeral to baud, the
price has improved to 44116<1. We have received £86,000 from Chili.
£42,000 from New York and £8.000 from West Indies; total, £136,000,
The P. & O. steamer has taken £72,000 to rndia.
Mexican Dollars improved from our last week’s quotation of 43%d.
to 43%d., at which rate the unsold portion of the arrival per Moselle
was placed.
The Moselle brought £35,000 from West Indies. The P.
& O. steamer has taken £G8,0u0 to China and the Straits.
The quotations for bullion are reported as follows:
our
GOLD.
Bar gold, fine., .oz.
Bar gold, contain’g
20 dwts. silver.oz.
July 14.
July 7.
s.
d.
s.
77
9
77
London Standard.
d.
9
July 14.
d.
Bar silver
oz
44 1-10
July 7.
77 10
B.Am.doubloons.oz.
silver,contain¬
ing 5 grs. gold.oz
77 10
•
•
•
•
•
•
a
Cake silver
oz.
Mexioan dols...oz
44 7-10
44 7-10
47)4
47)4
43%
Ship Canal Company at length find them
position to invite subscriptions for their perpetua \
5 per cent preference shares of £10 each, to the amount of
£4,000,000. It was compulsory before doing so that a consul,
erable proportion of the ordinary capital—also amounting to
£4,000,000—should be subscribed, and a payment of £2 per
share, or 20 per cent, should be paid thereon.- This has been
done.
£3,000,000 of ordinary capital has been applied and
£600,000 in hard cash paid, and a further 20 per cent will be
almost immediately called.
In addition the contractor has
agreed to take £500,000 in paid-up ordinary shares, in lieu of
cash, if required by the company, A powerful syndicate
has guaranteed the present preferential issue, so that all
doubts as to the scheme being proceeded with are at an end.
During the four years, which it is presumed will be the time
occupied in cutting the canal, the company are authorized to
pay interest at the rate of 4 per cent on the preference shares
out of capital, and after that date the rate will be 5 per cent.
For the present issue subscriptions are being received by
Messrs. Baring Bros.& Co. and Messrs. N. M Rothschild & Sons.
A loan for about £1.600,000 for the construction of the Mid¬
land of
next
Uruquay Railway is expected to be introduced here
week by Messrs. Antony Gibbs & Sons.
.
Bom’y(with Baroda)
Berar
B.
ngal (Bebar)
Rajputana
Central India
Hyderabad
Mysore
Kashmir
Totals
,
-
,
^
1685-6.
1886-7.
1885-6.
1886-7.
6,970,600
5,240,381
3,902,707
2,969,539
808,515
850.000
1,500,000
3,500,000
1,144.000
20,000
50u,000
5,943,400
4,962,942
4,297,949
2,860,454
1,825,000
1,847.400
1,361,915
1,732,050
860,000
933.938
115,502
1,009,335
1,562,309
3,500,000
1,156,229
335.920
500 000
500,000
114,000
2.056
133,333
27,405,742
26,735,484
6,871,364
859,7 3
801.400
801,4^0
133,419
400,000
336,000
8,928
397,769
500,000
69,565
1,244
133,333
6,390,695
following shows the imports of cereal produce into the
United Kingdom during the forty-five weeks of the season,
IMPORTS.
d.
The Manchester
selves in
Punjab
N. W. and Oudli
Central Provinces..
Tons.
cres.
<
1886-87.
44 1-16
Bar
Span, doubloons.oz.
A
Provinces.
The
SILVER.
London Standard.
prevailed for grain during
the week.
The tone was quiet for wheat, but any reduction
was exceptional and did not as a rule exceed 6d.
per qr.
A
hand-to-mouth demand may now be looked for until the new
grain comes on the market, and possibly if the weather
retains its present favorable character some fresh weakness
may be developed. There is nothing in the statistical position
2%
2%
2%
2)4
3
bullion market.
Silver has remained
£102,900
Dull and featureless markets have
1885-86.
Wheat
....OWt. 44,£96,169
Barley
14,9 M,045
11.896.096
2,233.570
Oats
Peas
Beans
Indian
Flour
43,233,504
9.287,615
9,066,223
1,73 4,263
2;246,016
corn
2.778.238
26,001.517
12.360.854
26,194,744
14,933,315
1884-85
1883-84.
47.664,025
15,166,371
11.182,480
1,774,981
3,067,498
23,688.457
43,837.662
13,516.249
11,028,141
1,523,506
2,700,513
24,514.844
13,252,967
14,839,197
Supplies available for consumption (exclusive of stocks
September 1):
1886-87.
1885-86.
1884-85.
on
1883-84.
Imports of wheat.owt.44,396,169 43.233.504 47.664,025 43,837.662
Imports of flour
14.933,315 12,360,854 14,839,97 13,252.967
8ales of home-grown..29,550,232 38,085,376 37,125,367 37,043,736
Total
88,879,716
93,679,734
1886-87.
Aver, price wheat
Aver, price wheat
English
week. 34s.
2d.
33s.
Od.
season.
Financial
99,628,589
1885-86.
30s.
30s.
94,134,365
1884-85.
1883-84.
9d;
33s.
8d.
36s.
8d.
33s.
2d.
38s. lOd.
9d.
Markets—Per Cable.
The
are
daily closing quotations for securities, &c., at London
reported by cable as follows for the week ending July 29 :
Sat.
London.
Silver, per o*
Mon.
Tuts.
Wed.
Thurs.
Fri.
44*4
44%
44%
44%
443s
lOU'ie 1011%*> 10U1.8 101111 a iom16
d.
Consols for money
onsols for account.
10111,. 101 11,« 1 011 linl IOI1 Lia 101
Fr’oh rentes (in Paris) fr 81*27% 81-25
111 34
U. 8. 4%s of 1891
\
Q. S. 4s of 1907.........
13138
62 38
Canadian Pad tie
b
hie. Mil. & 8t. Paul....
89%
32%
^rle, common stock....
o
Tlln’ols Central
1_7%
•—<
n
57*8
Pennsylvania
•
.
Philadelphia & Reading
I
New York Central
J
'
29
113%
-
8 t‘17% 81-27% 81-25
m 34
111%
114%
13T
131%
13114
62
x59
61%
88
>83s
86%
32
31%
30%
127
l 27 %
126%
57%
2 8 34
112%
573s
28%
573s
111%
111%
2n%
81*22
111%
131
59
87
31%
127
57%
27%
L12
135
THE CHRONICLE.
30, 1887.1
Julf
©nraroerctal and miscellaneous Hews
committee has control of
Central of New Jersey.—The
of
about $25,874,000 (nearly 75 per cent) of its securities, out
the total amount of $34,708,000 issued, which leaves only
$8,829,300 of all classes unast ented.
—The1 receivers give notice that coupons of first mortgage
since last advices :
bonds due August 1st will be paid on and after that date.
Capital*
3 756—The West Side National Bank of Wichita, Kansas.
Kanawha & Ohio.—This company offers to stockholders the
$100,0i0. Robert E. Lawrence, President ; John Watts,
Cashier.
right to take 4 per cent of their holdings ($442,000) in 1st mort¬
3 757—The Cat ver National Bank of St. Helena, Cal. Capital, $50,000.
gage bonds at 75, the first coupon to be payable July 1st, 1889,
rD. P Carver, President; A. L. Williams, Cashier.
Books close Aug. 20th and reopen Sept. .2d.
3,758-The First National Bank of Millbrook, Kan. Capital, $50,000.
William B. Thompson, President; F. 8. Voider, Cashier.
New York City & Northern.—The purchasing committee
3^59—The First National Bank of Kinsley, Kansas. Capital. $100,000. of the New York City & Northern RR. Co. give notice that
Rufus E. Edwards, President; Fred. B. Hine, Cashier.
some holders of bonds and certificates having failed to become
3 760—The National 8*nk of Commerce of Kansas City, Missouri. Cap¬
ital $2,t 00,000. William S. Woods, President; Luke F. Wilson,
parties to the plan and agreement of reorganization, the time
Cashier.
to become parties thereto is extended to Sept. 3d, after which
the assessment of $20 for each certificate for a $1,000 bond
Imports and Exports for the Week.—The imports of last
will be required. Under decree of sale recently entered, a sale
week, compared with those of the preceding week, show an
of the mortgaged premises will take place on Aug. 17, 1887,
increase in dry goods and a decrease in general merchandise.
Over $3,100,000 have assented to plan and agreement.
The total imports were $8,892,673, against $8,126,866 the pre¬
—The reorganization committee of the New York City &
ceding week and $9,774,209 two weeks previous. The exports Northern RR. Co. notified holders of Farmers’ Loan <$r Trust
for the week ended July 26 amounted to $3,888,075, against
Co.’s receipts of first mortgage that a meeting will be held at
$7,218,259 last week and $6,812,761 two weeks previous. The the office
of Holmes & Adams, Mills Building, September 1st,
following are the imports at New York for the week ending for the
appointment of a committee to purchase the road at a
(for dry goods) July 21, and for the week ending (for gen¬ foreclosure
eale and to reorganize the same.
eral merchandise) July 22 ; also totals since the beginning o
—We
received
last week, too late for notice, the second annual
the first week in January :
number of Poor’s Directory of Railway Official of the United
FOREIGN IMPORTS AT NEW YORK.
Si ates and Canada for 1887. This valuable volume now embraces
857 steam railroads and 703 street or horse railroads. To the gen¬
1887.
1886.
1885.
1884.
For Week.
eral list containing the names of the officials, in many cases
$2 835.373
$2,779,370
$2,361,254
$2,108,675
numbering over twenty, of all these railroads and their leased
Dry Goods
5,557,300
7.163,375
5,910,7t8
5,099,351
Gen’lmer’dise..
and contioiled lines, arranged in alphabetical order, there are
now added special lists of the general managers and superin¬
*8,392.673
$9,942,745
$3,272,022
$7,208,026
Total
tendents of all the lines, the general freight and passenger
Since Jan. 1.
$64,499,022 $67,70 4,588
Dry Goods...... $64,880,934 $53,614,239
agents, etc. It supplies also a full list of persons or companies
194
707.657
Qen'lmer’dise.. 181,381,141 156,396,408 177,919,416
engaged in the United States and Canada in manufacturing
$262,412,215
materials for the construction or operation of railroads ; ana
$242,418,438
$210,040,647
$246,262,075
Total 29 weeks.
lists of office! s of South Ameiican and British railways.
The
vo.
382
directory
is
an
8
of
pages,
and
may
be
obtained
from
In our report of the dry goods trade will be found the im¬
the publishers at 70 Wall Street, New York City.
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
Auction Sales.—The following were sold this week at
specie) from the port of New York to foreign ports for the auction by Messrs. Adrian H. Muller & Son :
Sftares.
week ending July 26, 1887, and from January 1 to date:
Shares.
National
Banks.—The following
$6,186,156
166,518,353
Prev. reported..
$5,252,371
178,665,620
1887.
$3,883,075
164,527,848
$168,415,923
Total 29 weeks. $172,705,509 $183,917,991 $171,591,309
since January 1,
1887, and for the
1
Metropolitan Gaslight Co.
and imports of specie
France....
$87,548
$13,800
Great Britain
14,707
968,101
...........
Germany
1,200
15,600
2,176,772
454,739
600
174,279
90,828
$94,400
5,000
*6,036,424
36,940,507
#445,717
$6,643,017
3,If-0,805
1,000
6,301,263
8,486
160,448
$125,COO
$4,948,970
65,000
Total 1887
Total 1886
.
„
Total 1835
Silver.
Great Britain
FriinAA
..’
Germany
West Ind es
Mexico..
South Amerloa
All other countries...
i‘,o'do
$126,900
162,^00
Total 1887
Total 1886
8,690
$153,295
#210,692
6,192
146,715
377,156
54,428
100
195,72L
27,678
10,326
301,305
$5,902,307
6,058,412
$170,413
5,721
62,051
$1,287,396
1,379
Deposit accounts received
subject to draft at sight.
28
$
July 23
*•
“
“
“
“
25
V6
27
28
29
Total
..
1.033,635
Payments.
•
Coin.
$
1
$
813,835 135.029,894
1,606.16<>
2,11W,017
1.365.-71
1,02* ,921
9.0,*.74
1,437,479 135,071,426
2.105,732 135,101,942
2.041,161 135,100,136
1,6.6.9i-0 134,^93,942
1,6:5,908 134,904,0. S
8.141,2*8!
9 754,125
\
$
14,333,993
14,558,812
14,343,110
13,707,215
desirable
and interest allowed on
monthly balances
Nassau Street,
JERSEY
CITY OF
13,201.717
12.771.996
12,7-8.650
12,722,759
12,599,2 jG
6s.
OMAHA, NEBRASKA,
SALINA, N. Y., 4s.*'
FOR SALE BY
COFFIN & STANTON,
10, 11 and 1*2
Mortimer Building,
We beg to oiler
subject to Sale, at
Bankers,
Wall Street, N. Y,
Par and Interest,
$10,500
UNION
FREE
SCHOOL
NORTH DANSVILLE, NEW
12.787,585
New York.
CITY, registered, 5s.
TOWN OF
DATED
Currency.
$
12.747.873
12,6 ->5,113
SONS,
&
FISK
ELECTRIC LIGHT CO.* 6»*
CRAWFOIIDSVILLF, IND., WATER WORKS CO., 6«.
HELENA A RED MOUNTAIN, 6s (No. Fac. guarantee).
in this city, at
the past week:
Coin Cert's.
and other
SARATOGA, N. Y., GAS &
Sub-Treasury.—The following table shows
Receipts.
100
Exchange bought
HARVEY
875,575
1,077,618
Balances.
Date.
95
New York Stock
All stocks and bonds listed on the
and sold on commission for cash.
imports for the week m 1887 $6,735 were
American gold coin and $1,030 American silver com. Of the
exports during the same time $80,600 were American gold
coin and $1,000 were Ameiican silver coin.
United States
93
INVESTORS.
Of the above
the receipts and payments at the Sub-Treasury
well as the balances in the same, for each day of
of Florida, 8s, due 1892....
$l,80o Nassau Gaslight Co.
of Brooklyn, 5 p. o scrip...
$2,000 Atlantic Av. RR. Co.
5s, due 1909...,
FOR
5,798,873
623,773
114,590
120,410
16,581
50,305
9,973,536
346,755
Total 1885
$1,622,449
1,507,165
1,413,782
1,625,824
199,575
..
South America
All other oountrles...
$244,342
lli^
SECURITIES
Since Jan. 1
2,334,557
West Indies
Mexico
Week.
RR.Co.,
$1,800 Nassau County, State
United States Government
Imports.
Since Jan. 1.
Week.
$1,000 N. J. Midland
1st mort. 6s, 1910
tanking and Ifinancial.
YORK.
Exports.
Gold.
29
123*6
1311*
Co
Go
Co
Bonds.
86
58
Brooklyn
week ending July 23, and
corresponding periods n
OP SPECIE AT NEW
3 U. S. Warehouse
13 Second Av. RR.
10 Second Av. RR.
100^
101*2
20 Leather
Manufacturers’
National Bauk
212
5 Standard Gaslight Co., full
paid, com. stock, Trust
Co.’s receipt
50*2
41 Citizens’ Gaslight Co. of
1886 and 1885:
EXPORTS AND IMPORTS
Co. of
of Brooklyn
$7,208,209
164,386,100
The following table shows the exports
at the port of New York for the
Gaslight
Brooklyn
46 Brooklyn Gaslight Co
1886. ‘
1885.
1884.
61 Nassau
YORK FOR THE WEEK.
EXPORTS FROM NEW
For the week...
banks have been organized
DISTRICT NO.
YORK, 4 PER CENT
JUNE
1,
1,
BONDS,
1887.
$1,500 due in 1SS8 and $2,o00 each year thereafter until
Interest anil principal payable annually at the
National Park Bank, Nejy’ York.
*
'
Assessed Valuation,
-----Poualatinu, ---------
paid.
Si,300,OOO
4,500
Indebtedness, including this issue, 26,500
We look upon this s.-eurity as being as sate as a Government
Total
Bond.
CiRhWOLd
A
No. 3 Wall Street,
GILLETT,
New York.
THE CHRONICLF.
136
The following were the rates of domestic exchange on
York at the under-mentioned cities to-day: Savannah,
The IBatthm' <5a*ette.
selling $@$ premium; Charleston buying par@-$ pre¬
mium; selling 3-16@$ premium; New Orleans, commercial,
par@50c. premium; bank, $1 50 premium; St. Louis, par;
Chicago, 60c. discount.
The rates of leading bankers are as follows:
par;
DIVIDENDS*
!•
Name
Can ada St
of Company.
Railroads.
u r her n
Chicago & Alton (quar.)
'Chicago * Eastern Illinois
.Kansas City 8t. L. & Chic, (quar.)
i
Louisiana & Mo. Riv.,pref. guar..
N. Y. Prov'. & Boston (quar.)
Rome Watertown & Ogdensburg.
Terre Haute & Ind
Banks.
German American
!
,
N. Y. Nat.
Exchange
Per
Cent.
When
Payable.
1*4
Aug.
2
3
8ept.
Sept.
Aug.
Aug.
1%
3ia
2ia
3ia
Aug.
Aug.
3
Aug.
3
3
Aug.
Aug.
Books Closed,
(Day8 inclusive.)
15 July 16 to
1 Aug. 16 to
1 Aug. 14 to
1
1
10 Aug.
1 to
15 Aug.
2 to
10 Aug.
1 to
1
lJ
Aug. 14
1 !
Prime bankers’ sterling
Prime commercial
Aug. 11
Aug. 14
Aug. 10
July 26 to Aug.
are
very
towards
cither
period.
The transactions at the Stock Exchange
moderate, and while the general tendency has been
lower prices, there are no extraordinary movements
the bull
or
There has been
an
on
bear side.
Demand.
Sixty Days.
bills
on
London..
Documentary commercial
Paris (francs)...;'
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
1
The Money Market and Financial Situation.—1The phases
of the financial markets are decidedly such as belong to a
midsummer
July 29.
—
WALL STREET* FRIDAY. July 29, 18SY-5 P. 61.
-
New
buying
The following dividends have recently been announced:
f
[VOL. XLV.
4 83ia
4 85ia
4 81% ©4 82
4 81
®4 81%
5 23% ©5 23% 5
203»
3915, *®40
40*8 54O3i0
95 ©95%
94^ ©94%
2l4®5
Coins.—The following are quotations in gold for various
Sovereigns
Napoleons
X X Reiehmarks..
X Guilders
$4 86
3 89
4 74
3 96
Span’b Doubloons.15 60
©$4 89
3
4
© 4
©15
©15
©
©
93
79
OO
70
Eilver *48 and %s.
—
99%©
Five francs
—93
©
Mexican dollars.. — 75%©
Do uncommercT — 75 ©
Peruvian sols
—73
©
Mex. Doubloons.. 15 58
65
English silver
Fine gold bars....
par ©%prem. U. 8. trade dollais
Fine silver bars... — 96%@
:
97
U. S. silver dollars
Dimes & % dimes. — 99%© par.
I
4 80
—
—
©
99 %©
99 % ©
coins:
~
—
—
—
—
4
1
1
United* States Bonds.—The market for Governmeni bonds
has been quite dull all the week, and there is no feature except
impression in some quarters that Mr. Gould a slight decline in the 4s and the bids for the currency 6s.
The closing prices at the N. Y. Board have been as follows:
and his following have been against a present advance in stocks
for some time past, and that this is the main cause why the
Interest July
July
July Juhj July
market has not moved upward.
It is palpable that neither Mr.
Periods
23.
25.
27.
28.
29.
Gould nor any other strong operator has taken hold of the
4%8. 1891
reg. Q.-Mar. *108% *108% *10>% *108% *108% *103%
market to press a bull movement, but beyond this fact we know 4%s. 1891
coup. Q.-Mar. *108% *108% *108% *108% *103% *108%
reg. Q.-Jan. *127% *127% 1*27 ia *127ia *127% *127%
of nothing definite to show that he is opposed to an advance 4s, 1907
*127% I27^a *12758 1273q 127% *127%
4s, 1907
coup.
*122
*122
*122
*122
*123
6s, cur*cy,*95
reg. j. & j *123
in stocks if the public should take hold vigorously.
*125
*124
*124
*124
*124
6s, cur’cy,’96
reg. j. & j. *125
*1.8
*127
*127
*127
*127
The inherent strength of stocks has been well shown in the 6s, cur’cy, ’97—reg. j. & j. *128
*131
*130
*130
*130
*130
6s, cui’cy,’98....reg. j. & j. *131
*133
1*132% *132 1*132 *132
past two months by the small effect produced by the signal 6s, cur’cy,’99
reg. j. & j. ■‘133
•collapse of the several commercial speculations, together with
This is the price bid at the morning board; no sale was made.
the failure of the Fidelity Bank of Cincinnati, and after those
State and Railroad Bonds.—The dealings in State bonds
the Gould-Field-Manhattan, Friday, June 24, and finally the
have been very limited, and there is nothing to report in
petering out of the Baltimore & Ohio negotiations, which had regard to this market, prices being without quotable change.
Railroad bonds have been rather dull as regards the amount
figured for months as the prominent bull card. Any of these
of
business done, especially in the early part of the week, when
events would have been sufficient to cause a small eai thquake
the stock market was so inanimate.
The volume of transac¬
in a stock market which was actually rotten, and sustained
tions improved somewhat in the latter part of the week, how¬
-and puffed up only by fictitious quotations.
ever, following the lead of stocks. In sympathy with the stock
The present weakness in stocks, so far as appears on the market, also, prices have been quite weak, and many classes
surface, comes from the disappointment of a number of small have declined a little, though there has been no general falling
off. There is an absence of demand for bonds and'speculation in
holders in not getting an advance in July, and the consequent
them is very quiet.
It is among the more speculative classes
dropping of a moderate amount of stocks when there is no one that the weakness has been noticed, such as Texas & Pacific
particularly anxious to bid for them or to sustain the general incomes, Atlantic & Pacific incomes, &c. The balance of the
list.
market has been rather irregular, and very little strength has
The open market rates for call loans during the week on been showrn.
«tock and bond collaterals have ranged from 3 to 6 per cent.
Railroad and Miscellaneous Stocks.—After an exceed¬
’To-day the rates were 4@5 percent. Prime commercial paper
is quoted at 6@6$ per cent.
ingly dull and slightly sagging market in the eai;ly part of the
The Bank of England wTeekly statement on Thursday showed week, the Stock Exchange was treated to a general and
•a loss in specie of £684,000, and the
The fall was quite pro¬
percentage of reserve to important decline in the latter part.
liabilities was 40, against 40‘85 last wreek: the discount nounced and carried all the leading shares down several points,
rate remains unchanged at 2 per cent.
The Bank of France many touching the lowest price for the year thus far. There
3,550,000
gold
and
^gained
francs in
2,700,000 francs in silver. has been no news to influence speculation and business has
The New York Clearing House banks in their statement of been confined almost entirely to the room traders and local
July 23 showed an increase in surplus reserve of $571,225, speculators. Prices have been influenced mainly by the move¬
’the total surplus being $8,497,325, against $7,926,100 the pre- ments of these operators, and the matters touching the real
value of stocks, which remain generally favorable, have had
Yioiis week.
There has been a lack of strong
The following table shows the changes from the previous little effect on the market.
■week and a comparison with the two preceding years in the support for some time past and no leaders to bring about a
response to the favorable conditions.
There is also a theory,
averages of the New York Clearing House banks:
wrhich receives considerable credence, that many of the bulls
and prominent operators desire to see a decline as preliminary
1887.
1886.
1885.
Diffr’nc’s fr'm
Prev. Week.
July 23.
to an upward movement later.
July 24.
July 25. "
The declines of Wednesday and to day were accompanied by
$
$
$
$
Loans and disc’ts. 355,249,800 Dec.3,237,500 353,804,000 308,113,200
considerable activity, and nearly everything was rather freely
77.033,700 Dec. 724,100 63,97^,000 115,733,400
Specie
sold, the most conspicuous stocks in the decline being New
•Circulation
8.121,400 Inc.
13,900
7,817,600
9.701.200
Net deposits
Pacific Mail, Reading, Missouri Pacific, Western
England,
364,351,500 Dec.4,0o5,300 378,812.000 385,065,700
Legal tenders
22,551,5 a0 luc. 279,000 44,995,200 44.876,200 Union, St. Paul, Northwest, Lackawanna and Louisville &
Legal reserve
91,087,875 Dec.1,016,325 94,703,000 96,266,425 Nashville.
Special efforts seemed to be made to depress New
Reserve held
99,585,200 Dec. 445,100 108,973,200 100,6 j9,000
England, and the bear contingent was very active in that stock
8,497,325 Inc. 571,2251 14,270,200 64,343,175 and also in Pacific Mail.
Reading also decliued to 51$. Out¬
^Surplus
side of these leading speculative stocks the decline was not so
Exchange.—Sterling exchange continues strong in tone, pronounced, except in Richmond Terminal preferred, which
though the demand is still very limited, and the market has declined 7 points, though on very small transactions. The whole
been dull all the week.
There is some scarcity of commercial market was unsettled and wreak, however, and there has been
bills felt, and this has helped to keep the rates firm, though little resistance to the decline, though on Thursday there was
there is no appreciable change since last Friday, posted rates a temporary recovery which carried stocks nearly back to the
being the same as then, viz : 4 83$ and 4 85$.
prices current before the sharp fall of Wednesday. The recov¬
To-day the rates on actual business were as follows, viz.: ery wTas only a natural consequence of the unwarranted
Bankers’ 60
days’ sterling, 4 82£@4 83; demand, 4 84$ decline, and was largely assisted by the covering of shorts,
*@4 85. Cables, 4 84|@4 85$. Commercial bills were 4 81 @ which had been rather freely put out for some time past.
4 81$; Continental bills were: Francs, 5 23f@5 24| and 5 20f; The better tone did not last, however, as to-day there was a
reichmarks, 94£@94f and 95 1-16: guilders, 39 15-16©40 further and more pronounced decline, the close being weak
and 40$.
and unsettled.
r
*
July 30,
Active RR. Stocks*
Atlantic & Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific
'
Do
Do
*13%
60%
13*2
60%
56%
56%
1234
12%
12k
12%
60
57
58
57
57%
12
55 34
12%
60
56%
54%
75%
5534
53%
747«
54%
533i
75%
35%
54 3i
78
36%
52»4
75%
*36%
54%
7
12
*7
7
12
10
*11
11078 117
pref. %46% 147%
Do
Chicago Rock Island &Pacitie.
Chicago St. Louis
Pittsburg.
*16%
41%
pref.
Do
19
44%
50%
50
Om..
pref.
ClevelaudOol.Cin.&Indianap.
Columbus Hocking V al.«fe Tol
Delaware Lackawanna JcWes
Denver & Rio G., assessm’t p<i
Do
pref
East Tennessee Va. & Ga. It’y.
Do
1st pref
Do
2d pref
*129
13%
*67
*24
13%
71 !
25%!
12%
12%
67
24
67
24
2o
j 121% 124%
61
*23%
Long Island
Louisville Sc Nashville
Louis. New Alb. A Chicago....
Manhattan Elevated, consol..
*23
121
| i*l*7% 1*1*7%
*L2ti
27
123%
OO
94 %
96
62 34
86%
118
85%
112
18
18
!
38
*36
Do
pref.’
2734 28
Missouri Kansas & Texas....
102% 103
| 101 % 102%
Missouri Pacific
14
14
*13'4 14 |
Mobile & Ohio
81 %{
Nash v.Chattanooga^tSt. Louis *80
New York Central A Hudson. 109% 109% 169% 109:q
18% 18%
New Y. Chic.A St. L., a>sent’<i
*31% 32%
Do
pref , absented.
30% 31 %
31
31%
New Y'ork Lake Eric At West’n
Do ‘
pref.
49% 50%
50
New York & New England...
Minneapolis & St. Louis
Do
Do
Ohio &
32
56 *4
3 1
31%
pref.
45%
pref.
Mississippi
Oregon
31%
55%
32%
*18
Northern Pacific
Do
*26%
29%
pref.
Norfolk & Western
&Trans-Oontiuontul..
Peoria Decatur <fc Evansville.
Philadelphia A Beading
Richm’d Sc WestP'utTcrniinal
Do
piv.i
34%
66%
'68
Rome Watertown v Ogdensb’g
Bt. Louis & San Francisco..
Do
pref
Do
1st pro1
8t. Paul Sc Duluth
pref
Do
Bt. Paui Minneap. Sc Manitoba
Texas Sz Pacific, ass. paid
Union Pacific
With. St. L. A P.,P. Com. repts
Do
pref.
Wheeling & Lake Erie
Miscellaneous Stocks.
Colorado Coal Sc Iron
Consolidated Gas Co
;
Delaware A Hudson Canal...
Oregon Improvement Co
Oregon Railway A Nav. Co..
Pacific Mail
Philadelphia Co., Nat. Gas
Pullman Palace Car Co
Western Union Telegraph
...
”
10%
32%
19%
46%
34%
60%
27 >4
29%
29%
55%
78
70
50
100
151
76%
110
Inactive Stocks.
Buffalo Roch. A Pittsburg
Central Iowa
Cinoin. Ind. St. Louis A Chic
Marquette Houghton A On...
Do
pref
Mexican Central
New York New Haven A Hart
Oregon Short Line
Omaha A st. Louis, pref
Do
pref..
Bt, Louis Alt. A Terre Haute..
Virginia Midlaud
Columbus A Hocking Coal....
New York A Perry Coal
Ontario Silver Mining
Tennessee Coal A Iron
Various Stocks. Ac. (Uni
Auaer. Cotton Oil Trust
Pipe Line Certificates
*
These
are
33%
*18
45
31%
60%
07%
29%
31 %
55%
30
69 34
91 34
the prices hid
38%
62%
60
62
58
95
115%
115
85
11
33 34
20
46%
34%
60%
27%
29%
3 1 34
503d
31 %
50
83%
85%
16%
15%
15%
26%
27%
n —f
O /
27%
98% 100%
100% 161%
*13%
14
14
79% 80
168% 16834
31%
31
31
363d
31
29 %
30%
47
49%
44%
47%
17
10%
33%
17
10
32
16%
*33%
45
34%
60%
44%
34%
66%
26%
28%
36%
.
26%
29%
3 1 3d
56
36 34
69%
54
29%
16%
42*0
44%
33%
3-1%
59
26
28
66
29%
5 t %
36%
55%
28%
29%
64
38%
39
*38
39%
77%
36%
91%
3s%
76%
45
45
44
77%
41%
43%
76
76 %
69 %!
09%
4334
161 h 161%
77
106 34
49%
49%
49%
97
97
97
41%
43%
41%
100
75%
110
20%
*56
57
56
05%
16
106
76 33
43
166
46
98
149% 150
149
*96
75
110
72
130
6%
80
5%
8
20%
56%
110
70
110
70
60
7
5
5
7%
7%
20%
55%
5534
*15%
16%
*14%
15%
225
A
6 34
*434
7%
19
54
k
23%
31%
*6
*6
*30%
*30%
*40
*40
46%
46%
38
36
| 57 %
51%
*50%
7
31
44
46%
38
*6
*30%
51%
225
23%
7
31
37%
33%
36
36%
59%
34%
55%
36 34
57%
14%
228
22
*6
*36%
39
36%
36 7s
34%
*50%
51%
*56%
26%
32
33
34%
32
35
55%
56%
and asked; no sale was made at the
••••••
32.%
54%
Board.
2,532; 12
17
July 12
736
Jan.
3
......
j
*
>
.
41
42
75% 76
166% 161%
46
46 34
95
96
40
41
*
62
7
7
5%
7%
94%
39
97
228
22
97
74%
*149
*108
70
*128
1 52
110
76
132
59
59
*4
*7
5
7
*4
5
*6%
7%
12%
7
31
39%
......
36
51 %
26%
33%
33%
56%
7%
12%
53%
89
7,631 100
June 21 105%
1,810 38
Feb.
1 54%
3.8.2
94% July 29 105%
r”'" 29
47,866: 39
0,1 58%
July
28 115
.M.uu-,,,...
1,116! 95 June
5,030
*
18%
18%
54%
54 34
*85
14
224
22
21
92
18
53
*
1,096139% Jan.
*85
6
*30
39
......
34%
51%
*24%
33
34
54
6
3141
*6
30
*39
5,916
......
34^4
51%
26
33%
36
57%
32
51%
*24%
34
34%
55%
If Ex-rights.
353o
51%
26
34%
35%
57
May 31
May 19
.
Apr.
Feb.
rj
8
~
4159% May 23
79
June 7
lo!
21
92
7
May 19
Apr. 18
460’ 33% Jan.
7434 Apr.
709'
6% Julv 25 15% Jan.
10; 79 July 19 104 Feb.
7 Jan.
4% Mar. 23!
100;
7
July 9 10% Jan.
200;
100 12% July 29
15 June
2 170
36%
40%
May 19
4 150 July 1U
139% Jan.
56 107
Jan.
5 118% May 14
17
62
Feb. 17 73% May 24
150 126% Jail. 25 137
June 6-
19
31%
1
92,030| 67% June 21
54%
14
225
22
35% Feb.
3,27:>i 73% July 29
IOO
19%
55 %
14%
96%
41 %
149% 149%
72 % 74%
14
92
7534!
166 34 j
47% 47 %!
148% 119
130
42
73%
100
166
72%
!
40
31%
45%
26
99
99.
40%
45%
40
60%
12%
63 %
110
*67% 70
*1 9
20
2734
60
12
63
22
26%
12734 131%
26% 27^
58% 66
12
12%
60'd 62
*156
116
130
60
7
41%
149%
7334 75%
75%
2734
54
52
25%
10% Feb.
1 15% June 1$>
55% July 29 68% Jan. 1310,970 52% Feb. 1 64% May HK
12,210 55% Jan. 3 86% Apr 13450 33
Feb.
3 43% Apr 12
120
9% Jan.
8
6% July 26
665 10
July 27 17 Jan. 1$
122
7% July 13 11% Jan. 20
2,030 130% Jan. 13 156 May 17
May 18
146.3011 81
July 29 95
1,919 117% Jan.
8 127% May 17
50,980! no Feb. 1 127% June T
3171138% Jan. 29 153% June 7
381 124% Mar. 18 140% May 17
22
100; 16
Feb.
1
Apr. 22
1,100 35
Jan. 27 52% Apr. 22
27,845 45% Feb.
1 54% May 17
1,361 !106
Feb.
1 118% June 7
4,400; 52 Julv 29 68 Apr. 11
5.5401 25% JulV 29 39% Jan. 11
121,831! 127% Julv 29 139% June 1
3,086! 21 % Feb.
3 32% Apr. 14
5,25s| 56% Jan. 2 i 68% June 4.
3,140
6.6% July 29 82% Jan. 13
*>•>
OO
Jau.
3
1,466 21% Feb.
1 32
Apr. 9
366; 84
Mar. 12 100
87
87
!
2,666' 21% Feb.
4 62% May 7
*44% 45
*44% 45
155! 11% July 29 17
Apr.
7
11% 11 H
*11% 12
! 26%
May 31
*22
May 26 28
25
*23
25
May 28
738:11120% J’e 24 138
122 34 122 34
12.-34 123%
3201 17% Feb.
4 27% Apr.
18 lo
1st.!
18
18
3,930 • 36
.Tilly 29 47% Apr. I
36
37
i
37
38
9>% June 30
Feb.
1
9 1 % 93%; 62,5361 96
92% 93%
855 93
Jan. 15 99% May 14
95
95
|
9434 9 i 3j
Feb.
3 76% Apr. 14
60
6134
60% 62 ! 58,166 57
266
57
Jui.e 28 67%June 11
*
58
58
o
,186 109% July 29! 101 % Apr. 20
111
111% 109% 115 1
64% Apr:
1,166 50
Jmy
56
56
;
2,5.10, 82% July 29 95% May 19
82-s Sl'io!
83% 84
555 66 % Jan.
6i 91% May lSv.
*80
85
82
81
4 119
May 18
31< ! 98
Jan.
169
108% 108% *168
366
2
15
J lint 281 26% Apr.
15
15
*14%
166
35
Julv .14 48% 51 ay 3t
*34
38
35
35
|
•>*»! 34% Apr.
9
2534 207J 10,« 9oj °.".% July
26% 27
.1 into 24! 112
May 19
99% 100%
98% 166%! 35,193 92
306
12
Julv 20
19% Jan.
8
13 %
1-1 %'
13% 13%
79
1 2.006! 76,q July 14j 88% Jan.
4 8%
79
79
9,96F100% July 14 114% May 19
107% 168 %
10734 108
1,876 16% Mar. 15| 20% May 10
1 % 17 %
17% IT3,.,
31
32
31% 32
| 1.856 27 Mar. 12 37% May 18
1 35% Apr. 12
29% 30% | 36,855 29% Feb.
29% 30%
May 23
1,166 65% Jan. 29 76
6634 67
67
69
Mar. 29
128,966 42% July 29 06
42% 46
45% 46%
3
166! 15% Fell.
4 20% Jan.
16% 16%-:
*16% 17
Feb. 14
9% July 7 14
10
9%
9%
10%) 1,819
2,745' 29
31
July 7 38% Feb. 14
32 %!
3134 32%
23% Jan.
3
856
15
June 24
16
lot.'
16% 16 t,
55% May 10
42 fo
44% 1<M15! 42% July 2'
4234 433.1
17,<’5 1 !■ 26% Feb.
1 31% July 1833% 3 t%
33% 34
6,192 50% Fel>.
1 63% May 19
59% 59%
59% 59%!
1,660; 22% Feb.
1 32% Apr. 4
25% 26
26% 26%
7
26% 28%| 15,66:6 26% July 29 35% Apr.
2734 28%
3,7 10 29% Julv 13 39% May 25
29% 36 %
2934 30%
Feb. l 58% July 5
5 1 % 53% 229,976! 31
51% 53%
53
Jan. 17
June 24
2734 36 i 09,548' 26
28% 29%
87% Jan. 17
680 62% July 27
0 L
61;vi
67
6 /
95
Jan. 17
106
86
Feb.
8
92
*91
*91
92
|
Jan. 27 44% May 26
2.856 30
36
37%:
37
3 / •%
5,415 61% Feb.
2 84% .May 20
74
76
i
75% 76
June 2
Jan. 28 120
112
115
*112
*112
115
June 20
7 95
1,695 55% Jail.
7 6'4 7634!
7 5 :U
78
130 102% July 28414 % May 23
162 % 162%
120% May 27
Feb.
3,38 l 113
114% 114% 1 1 3 % 111%;
Feb.
3 35% May 23
2834
27% 28% 10.865 26
28
July 13 63% May 18
53% 55%: 3 7,860 53
53% 55%
22% May
6
1,306 13% Feb.
1
1 7%
17%;
17% l'%
2,676 23% Feb.
1 38% May 18
36 3.a
29% 31
31
2.-50 40% July 29 63% Apr. 18
40 ‘4 45
43% 43:%
106%161 %
4, 'd
47
96%
95
161%
49%
97%
*85
isted.j
26%
2s %
91 %
14
7
21
37%
16%
32%
18
62%
*7%
26
18%
%
31%
93
*5
*50%
11
7S lo
80
107% 108%
17%
39% 41
46% 49
110% 110%
53%
Highest.
Lowest.
.
84%,
82
82
169% 109%
*15
*35
27%
49
......
111%
112
50
*96
6%
,
93%
91.34
80
Cincinnati Wash. A Baltimore.
Quicksilver Mining Co
10%
*08,
129
Wells, Fargo A Co
*12%
7
*20%
45
13%
25
123
19
37%
92 %
95
48
2o% 26%
130
131%
23%
87
94%
95%
*140
110
Do
pref.
Des Moines A Ft. Dodge
Keokuk A Des Moines
Lake Erie A Western
do
Do
pref.
93%
95%
61%
*17
78
Express Stocks.
Adams
American
United States
20
•••»<»
43
147
128%128%
*16
17%
17
41%
52%
55%|
*4*3% *44**
*96
151
76
44%
81
84%
11734 118%
112% 114%
111% 111%
75
76%
77
7734
*11634 115
*116% 115
*111% 115
76
77%
78
78
79
79%
165
*163
105
163
105
163
115
11434 114% 114% 111%
1 15
27 %
28 U>
28%
e;n„
26 %
29
29%
53% 5 1%
54% 55%
55% 56
18
1 7%
18
18
18%
18%
18 fo!
31
3 L
31 %
31%
32% *31 % 32%
45
45
43% 46
45% 46%
45%
101% 101%
50
27%
*12
*23
123
19
......
85%
87%
87
10%
25 n,
58
112
*16
49*%
54%
130
131%
27t>
26
59% 60%
12% 12%
64 34 64%
13%
123
20
62%
pref. i
New York Ontario & West
New York Susq. & Western...
53%
45%
*12
26
93%
91%
118
*85%
1 10
49%
110%
23%
121
*20
j *61% *62%!
Michigan Central
48%
87
96
Memphis Sc Charleston
16
40
16
40
8
139% 142
i*30
*129
*16
77%
37%
11
10
*146
1 47
129% 130
62
13
70
25
*12%
*65
•
91%
11334 11534
1887.
2,235
57
*6
11
*7
141% 142
83% 84%
1173.4 118%
113% 115%
119
A*
49% 50%
111% 112%
54% 00
2634 28%
131% 132%
27% 27%
45%
Kingston w, Pembroke
!
Lake Shore, «fe Mich. Southern.!
Mil. Lake Shore Sc West
Do
55 34
147
132
18
45
*16
*42
13%
prel.j *23
Illinois Central
Ind. Bloom. & West., ass. pd..
19
46
50 34
28% 29%
132%
132% 132% 132
27-% 28%
28% 28%'
61
02%
*62
62% I
Evansville & Terre Haute
Fort Worth iV Denver City...
Green Bay Winona St St.Paul.
Do
119
130%132
55%
8
119-% 11934
115% 116%
146
Do
*6%
10
141% 142
83% 85%
i aa
*17
*43
50
37%
7%
10%
8
116% 117%
130
028
6%
10%
142
85% 86
12t
1 J.U
76
142
86%
85%
....
6%
10 34
7%
144
120
77
*37
8
14
.
7%
121
121
*13%
77%
37%
37%
*6%
*86% *86%
pref.
Chicago St. Paul Min. &
13%
61
143
Chicago Burlington & Quincy.
Chicago Milwaukee & St.Paul.
Chicago & Northwestern
13%
*60
56
77%
8
14
10
*10%
*7%
Shares
*13%
38
*37%
*6%
lstpref.
2d pref
Do
78
*77
July 27.
Week,
Friday,
July 29.
Thursday,
July 28.
Wednesday,
Tuesday,
July 26.
Monday,
July 2o.
Saturday.
July 23.
Sales
of the
PRICES.
HIGHEST AND LOWEST
STOCKS.
ENDING JULY 29, AND SINCE JAN. 1,
STOCK EXCHANGE FOR WEEK
STOCKS—PRICES AT N. T.
Chesapeake & Ohio
137
THE CHRONICLE.
1887.]
July 231 14
18
June 24i 24%
June 24 61
53
20
June 18' 30%
88
July 21 100%
13% Jan.
5 22
7
200
9a 208
500 v2
29%
13
6
200
206 28
1,800 30
706 31
2,250 32
‘*06 1149
205 22
5,9oo
25,749
10,306000
Feb. 15 233
July 27 31
7
Apr. 22
July
Jan.
Jan.
4
8
Apr. 22
July 29
July 13
Jan.
4
30% July 12
32
54
July 26
OIO
1913
14
13“
Jan. 13.
May Id
Apr. 29
May 27
May 27
Apr. 9
May 2£
Jan. 3
31 34 July 15
8% Jan. 10
35 May 14
6
46% July 19
50 Apr. 27
72% Apr. 5-
45% June
26% July 27
54% Jan. 14
64% Jan.
July 28 72% Jan.
3
11
THE
138
CHRONICLE.
fVoi,. XLV.
BONDS-LATEST PRICES OF ACTIVE BONDS AT N. V. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1887.
Closing.
Closing.
Range since Jan. 1.
AtL & Pac.—W. D. inc„ 6s, 1910
Guar.. 4s. 1937
Can. South.—1st guar., 5s,
1908
2d, 5s, 1913
Oen.'lowa^-lst,
7s, ’99, coup, ofl
31*2
83*2
105*2
33%
84
105
b.
92%%
85
b.
Imp., 5s, 1921.
..
Central Pacific—gold 6s, 1898.. 115*2% 11 4 *pb.
b. 114*2%
115
flan Joaquin Kr. 6s, 1900
TAnd prunf, ps. 18i*0
103 b.
Cbes. A O.—Pur. m. fund 6s, ’98
75
6b, gold, ser. B,1908, coup, oil 75
70
69*2
Extern coup., 4s, 1986
22 *2%
24*2
6b, currency, 1918
9o*2a.
Mort. 6s, 1911.
Ches. O. A So. W—5-6s, 1911
Cldc.Bur. A Nor.- 1st, 5s, 1926. 105 b. ib*5"%
106
Chic. Burl. A Q.—Del). 5s, 1913. 106
...
Dep\er Div1«
,
98
1922.
Chic. A Ind. Coal K., 1st, 5s, ’36 100
Ch.Mil.A St.P—lst,I.AM.7sf’97
Consol 7s, 1905
IstjKn Min. I)iv.—6s, 1910
1st,’ Chi. A Pac. W.Div—5s, ’21
25*2
82%
104 %
90 Hj
Feb.
86
Feb.
88
Central of N. J.—1st, 7s, 1890..
117
11534
Consol. 7s, 1899, assent
114*2b. 116
Convert. 7s, 191)2, assent,
103
b. 107*2
Adjust. 7s, 19o3
101
b. 101
b.
Convert, deb. 6s, 1908
98
98%
'Interim bond certificate
Le’h A W.B.,con.7s, luo9,as’ut 113*2b. 114 b.
Am. Dock A
Lowest.
b.
July
Feb.
115
a.
118% June
108*2 June
110
99
Jan.
Jan.
113*2 F, b.
111*2 Feb.
100
112
71
68
July
Mar.
May
May
2234 July
96*2 Apr.
101
Feb.
104*2 Jan.
106
97
Jan.
June
115
103
103
Feb.
128
117
108
June
118
May
Sinking fund 6s, 1929
109 b.
Jan.
Sinking fund 5s, 1929
Sinking fund debent. 5s, 1933 108%1>. 107*2% 103*4 Jan.
I05*2a. 104 % 103*2 July
25-year debent. 5s, 1909
130 % 130
Jan.
Chi. R. I. A Pac.—6s, coup. 1917.
105 % L08*4a. 108
Exten. A col. 5w, 1934
July
119%% 119% July
Ch. St.P.M.A O.—Consul. 6s. ’30
126
a.
%
I26
123
St. Paul A S. C.—1st, 6s, 1919
July
101 a
Ch.St.L.A Pitts.—1st,con. 5s,’32
98% Jan.
-
O. C, C. A Trui.—(-Jen. 6h, 1934 __
Col. Coal A Iron—1st, 6s, 1900.
109
104
79
Col. H. Val. A Tol.—Con. 5s, ’31
Gen.
a.
107
b.
Jan.
98*2 Feb
75
70
gold, 6s, 1904
Denver A Rio Gr.—1st, 7s, 1900
119%% 118*2
1st cou. 4s, 1936
7£*4% 79*4
76*4
Den. A R. Gr. W.-1st, 6s, 1911. 75 b. 75 % 79
74 a. 70 b. 71
Assented
Den. So. Pk. A Pac.—1st, 7s, ’05 81 a. 81 a. 68
45
Det.Mac.A M.—Ld.gr.3*2B,1911 50 a.
98%
£.Ten.V. A G. Ry.— Con.,5s, ’56 98
97*2
100
Eliz. Lex. A B. Sandy—es, 1902. 101 a. 101
Erie-1st. consol, gold, 7s, 1920
132*2
112%
Long Dock, 7s, 1893
118 % 115
Con 6s 1935
N.Y.L.E.AW—2d con. 6s, 1969 98*2
99*8
93%
Funded coupon, 5s, 1969.
88*2
88%
Ft. W. ADenv. C. -1st, 6s, 1921
88
106
Gal.Dar.A San.Ant.—1st, 6s, ’10
no’"a"
2d M.t 7s, 1905
105
West. Division—1st, 5s, 1931.
9334
93*2
93 e.« iq:u
92*8
99
Gr’u B'. w’ A St. P.—1st, 6s, 1911
40
2d income 8s, 1911
38
43*2
Gulf Col.ASan.Fe—1st,7s, 1909 120 b. 121 % 120%
..
Mar.
Mar.
Feb.
Feb.
Mar.
June
94
a.
"72"a.
Ind.Bl. AW.—1st,pref.,7s, 1900
lBt, 5-6s, 1909
2d, 5-6s, 1909
95
Eastern Division—6s, 1921...
92
a.
66*4
120*2% 119*2
92
%
91 *2
77*2
91
91*2
....
26
Income, 6s, 1921
Int. A Gt.Nor.—1st, 6s,gold,’19 114
92
Coupon, 6s, 1909
a.
b.
27
b. 114
a.
Kent‘Centr.—Stamped 4s,
%
Lou. A Nash.—Consol., 7s, 1898
N. O. A Mobile—1st, 6s, 1930.
2d, 6s, 1930
E. H. A N.—1st, 6s, 1919.
General, 6s, 1930
Trust Bonds, 6s, 1922
10-40, 6s, 1924
Lou. N. A. A Ch.- 1st, 6s, 1910.
Consol., gold, 68. 1916
Mem. A Cli’lston—6s, gold, 19*24
Metro. Elevated.—lsu 6s, 1908.
2d, 6s, 1899
Mexican Cent.—New ass. 4s
Incomes, 3s, 1911
Mich. Central—1st, con., 7s. ’02
Miss’ri Pac.—1st, cons., 6s,1920
Sd,7s, 1906
Pac. of Mo.—1st, 6s, 1888
2d mort., 7s, 1891
;
106*2 May
118% Mar.
116
105
115
81
June
Mar.
June
Jan.
75*4 Jan.
32
Jan.
100
Fib.
108*2 June
107*2 Mar.
108*2 Apr.
99
Jan.
103*2 Juno
122*2 Ian.
130% June
119*2 June
109
108
Jan.
May
105% May
142
133
120
Jan.
Jan.
Jan.
110*2 Mar.
110*4 Mar.
109*4 Apr.
135
Jan.
110*2 Feb.
124% May
127*2 J-‘ii.
102
Feb.
111*2 May
1043i June
8878 Jan.
91
Jan.
121*2 June
82% June
82
Apr.
78
Jau.
56
Mar.
Juno
May
1013s Apr.
108
137
115
Jan.
June
Mar.
Mar.
Jan.
120
Feb.
Feb.
104% May
95*4 May
July
98*2 May
109*2 Mar.
Feb.
June
111
Jan.
June
Jan.
100*8 Jan.
92*4 Feb.
Jail
Jan.
Jan.
109
53
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
26
64
94
125
June
June
Feb.
86% June
July
% 112*2 May
92
July
74
%
1911
Knoxv. A O.—1st, 6s. gold, 1925 90 b. 94
LakeSli.— Con.coup., 1st, 7s, 1900
125*2
Con. coup., 2d, 7s, 1903
122*2% 123*2
121 *2%
Long Island—1st, 7s, 1898
lsV, consul., 5s, 1931
Jan.
June
Apr.
103
a.
101*2 Jan.
Henderson Br. Co.—1st. 6s. 1931 108 *2b 108 *2% 106*2 Mar.
116 b. 116
H. & Tex. C.—1st M. L. 7s
112% Jan.
113
b. 114 % 108
Mar.
1st, West. D., 7s, 1891
114
%
113
Feb.
1st, Waco A N. 7s, 19o3
109
105
100
116
May
July
July
July
Gold, 6s, 1923
2d, consol. M. L. 8s, 1912
Gen. mort. 6s, 1921
95*2 Jan.
109
Jan.
105 x4 Jan.
July
July
July
138*2 May
b. 129*2
b.
Jan.
June
94
110
119
101 *4
104 a. 104
a.
b. 102*4b. 101*2
103
Wifl. A Min. Div.—5s, 1921....
Terminal 5b, 1914.
Chic. A N. W— Consol. 7s, 1915
130
Gold, 7s, 1902
90
109
1054a Feb.
1071* Jan.
100*sa. 98*2 Jan.
118*4% 118*2 July
127*21). 127*2 July
a
3838 June
Mar.
83% Jan.
97*2 July
Jan.
July
July
122*2 Jan.
120% May
May
May
125% June
10634 June
110
Feb.
119% May
119*2 May
119% May
112
May
7934 May
124*4 Feb.
99
May
89*2 June
98*2 May
3478 Apr.
122
98
78
100
129
M »r.
Feb.
July
Jan.
June.
1126*2 May
124
115
Mar.
Feb.
112*2 July
119’
118
Apr. 1121*2 Feb.
109 b. 108*2% 105
Jan.
113*4 J uno
97 %
97
a.
99*2 May
90% Jail
112 % 112*2
112
July 117 5b May
109
0. 108*2% 107
Jan.
114*2 May
103
10734
104*2 Jan. 109
May
Jail. 103
98
Apr.
1 11*2
113
a. 109
Jan. 115 *2 M ay
96 *2
93
99
98 a.
June
Apr.
10 4 *2ft. 104 *2 a. 101
Jan. 107
May
1 L6%a. 117
116
July 120*2 May
Apr.
108*21). 10778 July 113
70 b. 51
Feb.
7534 June
22 %
20
27% June
July
129
a. 128
a. 127
Apr.
May 1131
117
116%% 114% Feb. !ll9
Apr.
122 b. 121
June 126
Apr.
102
Feb. |105
1o3*4%
Jan.
105*2 July 1110*2 June
*
*
Note—The letter “ b” indicates price bid, and “ a’
Alabama—Class A, 3 to 5
Class B, 5s
Class C, 4s
Bid.
1
1906
106
1906
1906
1900
112*2
102
Ark ansae—6s, funded.. 1899-1900
7s, Little Rock A Fort Smith, iss.
35
6s, 10 20
Micldgan—78
Mjr,
Missouri—6s
New
10
1890i 106
6s, loan
North Carolina—6s, old
40
30
I
1
..
!
;
1
6s
Apr.
Apr.
May
„
N.
F*M).
Feb.
May-
114
107
6s,
7s,
5s,
7s,
Y.Sus.AW.—L)eb.,6s,’97,cp.ofl
1st refunding, 5s, 1937
92
90%%
a.
Midland of N. J.—1st, 6s. 1910 111*2% 111
81*2
N. O. Pacific— 1st, 6s, 1920
b.
105
b.
James R. Val.
1st, 6s, 1936..
102
N. Pac.Ter.Co.—1st, 6s, 1933... 10 17q
Ohio A Miss.—Consol., 7s, 1898. 117 a. 115*2b
116
a.
2d, coii8ol.,7s. 1911
Springfield Div.—7s, 1905
Ohio Southern—1st, 6s, 1921.
105
39
98
109
..
39
97
2d, tuc., 6s, 1921
Oregon Iiupr. Co.—1st, 6s, 1910
Ore. R. A Nav. Co.—1st, 6s, 1909
Consol., 5s, 1925
Oregon A Transoon.—6s, 1922..
a.
101
99
Consol., extend., 5s, 1922
J
2d, income, 5s, 1925
St. L. Alt. A T.H —1st, 7s, 1894.
2d, M., pref., 7s, 1894
2d., M.,inc., 7s, 1894
Dividend bds, 6s, 1894
St. L. Ark. A Tex.—1st, 6s, 1936
2d, 6s, 1936
St. L. A Ir. Mt.—1st, 7s, 1892...
2d rnort., 7s, 1897
Gen. liy. A land gr., 5s, 1931.
St. L. A San Fr.— 6s., Cl. A,1906
6s, Class B, 1906
6s, Class C, 1906
Gen’l mort., 6s, 1931
Gen’l mort., 5s, 1931
So. Pac., Mo.—1st, 6s, 1888...
St. Paul M. A M.—1st, 7s, 1909.
106*2 Jan.
100
July
115
July
114
109
102
39
July-
108
Jan.
1st cons., 6s,
July
917s Mar.
a.
Mar.
Mar.
Apr.
Apr
May
June
Apr.
May
May
Apr.
Jan.
Apr.
Jan.
Feb,
Apr.
May
77
96*8
115*2
86*8
118*2
107*2
Mar.
111
May
May
May
Apr.
107*2 June
123
119
Apr.
Jan.
112*2 Apr.
111 *2 Apr.
50*2 May
102% May
112
May
Jan.
100*e June 106
98
June 104*2 Apr.
110
Mar. 115*2 June
a,
100
114
110
105
b.
35
40
40 b.
99
98 34
44
b.
46 b.
Ill 34b. 1111 *2b.
114
j 112*21).
93
b.
94
a. !
113 b. 113 b
113 b. ■113 b.
113 b. 113 a
113*2 illl b.
99%
i 98%
IOOI4I). 108 a.
b. ! 119*2U.
1167b
1933
Jail.
Feb.
Apr.
June
112
77
115
114
120
117
Feb,
Jan.
Feb.
116
June
May
108
48
Mar.
Jan.
July
Feb.
Feb.
Jan.
Apr
June
Apr.
Mar.
Apr.
J une 112*2 May
"101*2"’ 100*2 Juue 104% Mar.
101%
102*2
102%
102*4 July- 108*2 Apr.
65
b.
62 *2 b.
65
75
Apr.
July
119
2d, 6s, 1909
Apr.
103% Jan.
Peo. Deo. A Evans.—1st, 6s. ’20.
Evansv. Div—1st, os, 1920... 110 a. ilia". 108
70
70 a.
66
Rich A AIL—1st, 7s, 1920. tr. rec
Riehiu. A Dan.—Cons., 6s, 1915 lll*2a. 111 *2b. 110*2
106
Debenture, 6s, 1927
114
Roch. A Pitts.—1st, 6s, 1921...
113*2a. 113*21). 108
Consol., 6s, 1922
108 *4
Rome W. A Ogd.—1st, 7s, 1891. 108 %b.
St, Jo. AGd.Isl.—1st, 6s, 1925
Feb. i
Mar. !
75*2 Feb.
114% July
115%
105*2
North.Pacific—1st,coup.;6s, ’21 115*4
105*2
Gen’l, 2d, coup., 1933
69
91
110
Jan.
Jan.
102*2 Apr.
89% Apr.
113*2 Jan.
July
July
.
98*2%
Do
reduced to 4 *es
Shenandoah Val.- 1st, 7s. 1909
Geu’l mort., 6s, 1921
So. Carolina—1st, 6s, 1620
.
44
110
109
93
113
113
113
43
a.
112% June
Jan.
June
1023g Apr
June
55*4 Jan.
Jan.
Mar. 115
May
July
114*2 Mar.
JulyJuly-
115*2 Jan.
99
Jan.
117
Apr.
July- 117*4 Apr.
10812 Fet). 115
May
93*2 July
July
110*8 Jan.
100
'118
Feb
i 1 163b July-
106
49
98
Jan.
98*2 Feb.
a.
93
96
37
96
65
98 *2 a.
70 a
2d. 6s, 1931
19
12*2b.
Inc., 6s. 1931
b. 1114
110*8
So. Pac., Cal.—1st, 6s, 1905-12.. 115
110
So. Pac., Ari.—1st, 6s, 1909-10..
103 b. 110734b. 105%
So. Pac., N. M.—1st, 6s, 1911.
i
55*4b. 51
Tex. A Pac.—Inc. A Id gr, 7s. ’15 52*4
71
b. i 72
Rio Grande Div.—6s, 1930
b. 1 64
67
a. 1
66 a.
65
Gen. mort. A term., 6s, 1905..
Tol. A. A. A N. M— 1st, 6s, 1924
1
99*2 j 89
: 103
Tol. A.A. A Gr.Tr.—1st, 6s, 1921
Ii08% " 1104
Tol. Peor. A West—1st, 7s, ’17
96 34
! 95
Tol. A Ohio Cent.—1st, 5s, 1935 96
l 96
Tol.St L A Kan. C.-lst,6s. 1916 96%
ill5%b 114
Union Pacific-1st, 6s, 1899
103*2% 1103*2l». 102
Land grant* 7s, 1867-9
b. 114
b 115
115
Sinking fund. 8s. 1893
112 b. 1111 *2
Kan. Pacific—1st, 6s, 1895
112% it 112*2a. 111*8
1st, 6s, 1896
115*2b 114
Denver Div.—6s. 1899
101*4
10234
1st consol, 6s, 1919
100
102*2
Oregon Sh. Line -1st, 6s, ’22.- 102%
..
...
.
Feb.
Jan.
Mar.
lol*2 June
104*2 Jan.
118
121
Apr.
Mar.
120*4 May
101*2 May
109
55
May
May
May
May-
107*2 Jan.
Mar.
28*2 Jan.
Feb.
Feb.
Jan.
July
Feb.
Mar.
Jan.
Jan.
Jan.
Jan.
July
Jan.
Jan.
JulyFeb.
July
Jan.
May
May
80
115
112
110
Jan.
July
Apr
June
66*2 Feb.
78*2 May
72
Apr.
100
May
109*2 June
112
Feb.
99% Jan.
97% June
119% Mar.
103*2 May
120
115
115
!l 17*4
1109
107*2
| 99
| 90
I 60*4
104*4
Feb.
May
Mar.
Apr.
Apr.
Jan.
Jan.
Apr.
May
j 50 b.
98 % "" I 98*2
May
Chicago Divison—5s, 1910
I 90 b.
l
97
84*2 Mar.
May
Wabash—Mortgage, 7s, 1909..
Tol. A Wab.—1st, ext.. 7s, ’90; 111 % 113 b. 110*4 Jau. ; 117*4 May
116
106
Jan.
May
1 112 a.
1st, St. L. Div.: 7s, 1889
99
Jan. 1108
May
2d, extended, 7s, 1893
j 99 *2 b. 100
84
Mar. i 99
May
Con., conv., 7s, 1907
1
Jau. 1117*2 May
114 b. 113 b. 109
Great West.—1st, 7s, 1888
Jan. 107
99*2%. 99 b. 99
May
2d, 7s. 1893
Virginia Mid.—luc.. 6s. 1927....'
Uen’l mort., 5s, 1936
Wab. St.L. A Pac. - Gen., 6s, ’20
*89 "a! ”88 "b.
*
...
St.L.K.C. AN.—R.eAr.,7s,’95. 112
99%
West Shore—Guar., 4s.
b. 112
95
86
49
89
Apr.
June
Jan.
Feb
Mar. 1114*4 July
987s J uly i 1043s Jun e
b. 109
IOO 3g
actual sales.
BONDS.
Bid. 1 Ask.
1894-1895
1892
1893
JAJ
Chatham RR.
1
122
121
133
90
•
Funding act
1900
New bonds, J. & J....1892-1898
Special tax, Class 1
Consolidated 4s
;
Feb.
Jan.
Jan.
Juue
66*2
1
84*2 Feb. j 89
1911 8538b. 86*4
b.
129
1129 b. 127
July- 131
1913
lOlMb. 104 *4 Jan. 107*4
1893
134
b.
133*4 Jam 137
1903
Iu9 b. 106
Mar. 110%
Debenture, 5s, 1904
130*2b. 128*2 May 133*2
N.Y.A Har.—1st, 7s, 1900
98*2
Jau.
85
101*2
N.Y.Chio.ASt.L.—1st, 6s, 1921..
97 *2 a.
Jan. I 99
70
2d morr., 6s, 1923
80
66*2
N.Y. CityANo.—Gen., 6s, 1910
65*2 Jan.
117
N.Y. Elevated—1st. 7s, 1906.... 119%
July 123
N. Y. Lack. A W.—1st, 6s, 1921.
125*2 Jan. !l28 *2
109 *2a. 107
Feb. |110
Construction, 5s, 1923
109*2b. 107
Jan. 110%
N. Y. Ont. A W.—1st. 6s. 1914.. 109*2
Mutual U11. Tele.—S. f.,
Nash. Ch. A St. L.—1st,
N.Y. Central—Extend.,
N.Y.C. AH.-1st, op..
due 1889 or 1890
University, due 1892
Asylum or
Funding.
York—6s, loan
102
104
7s, Memphis A Little Rock, iss..
7s, Arkansas Central RR
14
Georgia—7s, gold
1890 108
Louisiana—7s, cons
1914 100
Stamped, 4s
I 85%':
118
W.—let, 6s, 1921. 118
114
Michigan Div.—1st, 6s, 1924..
130 b.
132
Minn. A 8t. L —1st, 7s, 1927
86 a
85 a.
85
Imp. A Equip.—6s, 1922
93*3 1 95*2
93
Mo K.ATex.—Con., 6s, 1920...
82*2 I 84*4
82*2
Consol., 58, 1920
b. 113
111
109*2
Consol., 78,1904-5-6
113*2 ;il2%b. 108%
Mobile A Ohio—New, 6s, 1927
107 b.
104
1st, Extension, 6s, 1927
45 b. ! 50 'b.
1st pref. debentures. 7s
50
SECURITIES
Ask.
Highest.
Lowest.
Mil. Lk.Sh. A
price asked; all other prices and the range are from
STATE
SECURITIES.
July 29 July 22
Highest.
:
July 29 July 22
Range since Jan. 1.
Railroad Bonds.
Railroad Bonds.
.
1910
...1919
104
110
112
112
118
35
12
20
9
15
Bid.
SECURITIES.
Rhode Island—6s, cou.. 1893-1894! 116
6
South Carolina—6s,non-fund. 1888:
Biown consolidated 6s
1893 105
1892-1898! 60
Tennessee—6s, old
Compromise, 3-4-5-6s
New settlement—6s
5s
3s
15
15*2
96*2 99
121*2 125
Virginia—6s, old
6s, consolidated bonds
6s, consolidated, 2d series
6s, deferred, trust rec
1912
1913
1913
1913
102
Ask.
108
64
106
100*2 104
72%
48
90
60
10*2
11*2
July 30,
139
;the chronicle.
1887.]
QUOTATIONS ON FRIDAY OF INACTIVE
BONDS—STOCK EXCHANGE
Bid.
SECURITIES.
Railroad Bonds.
(Stock Exchange Pricej.)
Atch. Top. A Son. Fe-~4%
1911
82
80
1936
126
1919 *124
1925 112%
Divisional 5s...
1930
E. AW.of Ala.,1st,con gld. 6s. 1926
Eliz. C. A N.—S.f., deb., 6s. ..1921
1st mortg., 68
1920
Erie—1st, extended, 7s
1897
99%
1913
1906 *110
1934
let 5s
Consol. A col. tr, 5s
ibo* *
Registered
Minn. A St. L.-lst 7s, gu .1927
Iowa C. A West.- 1st 7s... 1909
Ced. Rap. I. F. A N., 1st 6s. 1920 *106
1st 5s
1921
Buff. N.Y & Pliil.—Cons. 6s... 1921
1888 102*8
1st, cons., fd. coup., 7s
1920
Fl’t A P. Marq.—Morrg., 6s... 1920
Grand Rap. A Ind.—Gen. 5s..1924
Central (owa—
Eastern Division—1st 6s ..1912
Illinois Division—1st 6s
1912
Han. A St. Jos.—Cons., 6s
1911
Hous. E. A W. Tex-1st, 7s...1898
Illinois Central¬
Chesapeake A Ohio—
6s, gold, series A,
50
105
1908
Chicago A Alton—
1st, 7s
1893 113%
124%
Sinking fund, 6s
1903
Louis. A Mo. River—1st 7s.. 1900 *122
2d 7s
1900 116
St. L. Jacks.& Chic,—1st, 7s 1894
1894
1st, guar. (564), 7s
2d mortg. (360), 7s
1898
2d, guar. (188), 7s
1898
Miss. R. Bridge—1st, s.f. 6s. 1912 3 06
1903
1901
5s, sinking mud
IowaDiv.—Sink, fund, 5s.. 1919
1919
Sinking fund, 4s
Plain, 4s
1921
Chic. Burl. A No.—Del). 6s
1896
Chi. R. Isl. A Pac.—6s, coup.. 1917
119
97
98
117
.1951
106
111
100
101%
Pennsylvania RR.—
Pa. Co.’s guar. 4%s, lstcp..l921
Pa, Co.’s 4*28, reg
1921
104
105
104
ASt.L.—lst,cp.,7s. 1900 *119
Registered
2d, 7s
1913
Pitts. C.
139
140%
1912 137
1912 135
129
fd., 7s 1*00 T28
1892 106*4
Pitts. Ft.W. A C.—1st, 7s... 1912
2d. 7s
3d, 7s
Clev. A P. —Cons., s.
4th, sink, fd., 6s
St. L. V. AT.H.-lst,
2d, 7s....
2d, guar., 7s
120
126*4 Rich. A W. Pt, Ter’l. Trust 6s.. 1897
1900 *125
123
San Ant.A Arans.-lst,68,’85-1916
Consol.,
2d,
7s
reg.,
1903
Registered
1st, 6s, 1886
1926
105
108%
1934
Mahon’g.
Coal
RR.—1st,
5s.
Ext. A Col., 5s
1934
Scioto Val.—1st, cons., 7s
1910
Long Island RR.—
Registered
Coupons off
N. Y. A M. Beach—1st, 7s.. 1897
89
Dee Moines A Fort D.—1st,4s. 1905
St. Louis A Iron Mountain—
N. Y. B. A M. B.—1st, g., 58.1935
1st, 2%>s
1905| 88
Arkansas Branch—1st, 7s.. 1895
90
Louisville A. Nashville—
Extension, 4s
*
Cairo A Fulton—1st, 7s
1891
112
Cecilian Branca- 7s
1907 109*2
Keok. A Des M.—1st, 5s ....1923 110
Cairo Ark. AT. —1st, 7s
1897
PenRacola Div.—6s
1920 103*8
Chicago Milwaukee A St. Paul—
j
St. L. Alton A Ter. Haute—
St. Louis Div.—1st, 6s ......1921
1st, 8s, P. D
1898 * 130
58
Bellev. A So. Ill.—1st, 8s. ..1896
1980
2d 38
2d, 7 3-1 Os, P. D.1898
Bellev. A Car.—1st, 6s
1923
Decatur—1st,
7s..
1900
Nasliv.
A
$
g.,
R.
D
1902
1st, 7s,
*127
St. Paul Minn. A Man.—
S. A N. Ala,—S. f., 6s
1910
117*2
1st, La Crosse Division, 7s.. 1893 *116
Dakota Extern— 6s
1910
Louisv. C. A L.—68
1931
let, I. A D., 7s..1899 "122
Min’s Un.—1st, 6s
1922
103
130
5 p. c. 50 3rear gold bds
1937
1st, C. A M., 7s
1903 *125
St. Paul A Duluth—1st, 5s
1931
94
98
Pens. A At.—1st, 6s, gold.. 1921
1st, 7s, I. A D. Ext
1908
Sodus Bay A So.—1st, 5s, g...15)2 4
Lou. N. O. A Te.x.—1st, 5s....
1st, 8. W. Div., 6s
1909
Tex. Central—1st, s. f., 7s
1909
90
Manhat. Beach Imp. Co.—78.100 >
1st, 5s, La C. A Dav
1919 *103
1st mortg. 78
:
1911
124
Mexican Central—1st, 7s
loll
1910 *
1st, H. A D., 7s
Tex. A N. O.—1st, 7s
1905
Ex coupons 6, 7, 8
1st, H. AD., 5s.
1910
Sabine
Division,
1st,
6s
15*12
.1902
104% Mich. Cent.—1st, con.,5s
Chicago A Pacific Div., 6s..1910; v104
Valley R’y Co. of O.—Con. 6s. 1921
6s
190!)
Chic. A Mo. Riv. Div., 5s ..19261
108*2 Wab.St.L* A Pac.- Hav. Div.-6s.’10
Coupon. 5s
1931
Mineral Point Div., 5s
1910
Indianapolis Div.—6s
1921
Registered, 5s
1931
C. A L. Sup. Div., 5s
1921 *102%}
Detroit Div.—6s
1921
115
Jack. Lan. A Sag.—6s
1891
Fargo A South., 6s, Assn... 1924
Cairo Div.—5s
1931
109*2
Milwauk. A North.—1st, 6s...1910 108
95
Inc. conv. sink, fund 5s
1916
Tol. AWab.-Equip. bds.,7sl883
107*2
Extension, 6s
lOO
1913 107
Dakota A Gt. South., 5s
1916
Quin. A Tol.—1st, 7s
1890
Milw. Lak»* 8. A West.—
Chicago A NorthwesternHan. A Naples—1st, 7s
101
1904
Conv. deb., 5s
1907
Extension bonds—is
1926; 96*2 97
Ill. A So. Iowa—1st,ex. 68.1912
116
Ashland Div.—1st, 6s
1925
Escanaba A L. S.—1st, 6s...1901!
St. L. K. C.AN.Minn. A St. Louis—
1907;
Des M. A Minn.— 1st, 7s
Omaha Div.—Tr. Co. rec.1919
116
Iowa Ext.—1st, 7s
1909
Iowa Midland—1st, 8s
1900
Clarinda Branch—6s
1919
2d
130
mortg.,
7s
1891
Peninsula—1st, conv., Vs... 1898
St.Charles Br’ge— 1st,6s. 1908
Southwest
Ext.—1st,
7s
1910
*121
Chic. A Milwaukee—1st, 7s. 1898
1895
No. Missouri—1st, 7s
107%
Pacific Ext.—1st, 6s
1921
132
Win. A St. P. —2d, 7s...
1907 132
101% 102% Walt. St. L. A Pac.—Iowa Div., 6s.
Minn.
A
Pac.—1st
mortg.
5s..1936
118*4
Mil. A Mad.—1st, 6s
1905
inn. A N. W.-lfet, 5s, gold.. 1934 101% 102% West. Union Tel.—Coup. 7s.. .1900
Ott. C. F. A St. P.-lst, 5s.. 1909 108
Registered.
91
1 v* 11
109% Mo. K. A T.—Cons.,2d, me
Northern Ill.—1st, 5
1910
N. W. Telegraph—7s
1904
H. A Cent, Mo.—1st, 7s
1890
Cl. Col. Cin. A Iudianap.—
Wheeling A L. E., 1st M. 5s. .1926
Mobile A Ohio—Col. tr., 6s ...1892 102
1st, 7s, s. fd
1899 120
Tenn. C. I. A R’y.—Consol., 6s.1901
75
Sr. L. A Cairo-4s, guar
1931 ! 70
1914'
Consol. 7s
South Pitts.—1st, 6s
15*02
19201
Morgan’s La. A T. —1st, 6s
Consol, sink, fd., 7s
1914
Bir. Div.—1st eon. 6s
15)17
1st, 7s
1918;
Chic. St. Paul M. A O.Col. A Iloek. Coal A I.—6s, g,.19L7
108
Nash. Char. A Sr. L— 2d, 6s.. 1901;
Cliic. 8. P. A Minn.—1st, 6s.1918 125
Income Honda.
N. Y. Central-6s
1887 100
No. Wisconsin—1 p.t, 6s
1930'
(Interest payable ij earned.)
105
N. J. June.—Guar. 1st, 48
1986
Chic. A E. Ill.—1st, s. f., cur.. 1907 *115
Atlantic A Pacific—
116*2
Registered certificates
Consol., 1st, 6s
1934 111
Central Division—Income.. 1922
P.
A
O.—Prior
N.
Y.
lien,
6s
1895
Chic. A W. Ind.— 1st, s. f., 6s.. 1919.*i 10
Cent. Iowa— Coup, debteertf’s
N. Y. A New Eng.—1st, 7s
112%
1905i
General mortgage, 6
1932j*110
Chicago A East Ill.—Income.. 1907
1 Sit (tU
1 U(
)
Chic. A St. Louis—1st, 6s
1915
'Des M. A Ft. J).—1st inc., 6s. 1905
N.Y.
Su8q*&W81.—2d*
Cin. I. St. L. A Chicago—
;Det. Maok. A Marq.—Inc
1921
N. Y. N. H. A II.—1st, reg. 48.1903
130
133
•mmmm
*ioi"
g.,7s.ls9
1898
1898
Iudianap. D. A Spr.—
Pine Creek Railway—6s of 1932
108
1st, 7s, ex. fund, coupon
1906
Lake Erie A W’ii —1st, g., 5s. .1937 103*4 103% jPitts. Clove. A Tol.—1st, 6s ..1922
1922
|Pitt8. Junction—1st, 6s
130*2 Lake Shore A Mich. So.—
Pitts. McK. A Y.-lst, 6s
193-.
Cleve. P. A A.-7s
1892
Rich. A Danv.—Deb. ex cp.6s. 1927
Butt'. A Er.—New bonds, 7s. 1898 *124
111%
Consol, mort.. gold, 5s
1937
Kal. A W.Pigeon—1st, 7s... 1890 *101
98% *99
Atl. A Char.—1st, pr., 7s
1897
96
Det. M. A T.—1st. 7s
1906 127
Incomes
1900
124
Lake, Shore—Div. bonds, 7s.1899
105
Dub. A 8. C.—2d Div., 7s... 1894
Ced. Falls A Minn.—1st, 7s.1907
•
90
1st, 6s, ex coupon
Consol., 6s, trust receipts.1905
112*2
Registered
----••
”i)i"
St. L. K.A So.Wn.—1st, 68.1916
Tex. A Pac, - 1st, 6s
1905
119*e
61
94
97*2
1st. gold, 3 *28
1951
Sprmgf. Div.—Coup.,..6s, . 1898 115*2 117
114
Middle Div.-Reg., 5s ......1921
C. St. L. A N. O.—Ten. 1., 7s. 1897
1897
1st, consol., 7s
2d, 6s
1907
Gold, 5s, coupon
1st, 6s, Pierce C. A O
1919
Equipment, 7s
1895
Kan. City A S.—1st, 6s, g.1916
Ft. S. A V. B. Bg.—1st, 6s 1910
109%
*
107%
St. Louis A San Francisco—
118
1951
ist, gold, 4s
Ches. O. A So. West,-2d 6s... 1911
Chic. Burling. A QuincyConsolidated, 7a
108
108
1909
Extern, 1st, 78
136
Regist creel
71
Col. Trust, 5s
1907
C. Br. U. P.—F. c.,7s
1895
Atch. Col. A Pac.—1st, 6s. 1905
Atch. J. Co. A W.—1st, 6s. 1905
Ut. So.—Gen., 7s
1909
118%
Reonr., 1st lien, 6s
lb08
B. N. Y. A E.— 1st, 7s
1916
N. Y. L. E. A W.—Col. tr., 6sl922
Buff. A S. W—Mortg. 6s.... 1908
Evan. A T. H.— 1st, cons., 6s. 1921
Mt. Vernon—1st, 6s
1923
Evans. A Indian.—1st, cons...1926
Ask.
1897 114% 115%
1898 115%
1908 *106
1st, 6s
1st, 6s
Col. Trust, 6s
1919 *118*2
1923
1920
Bid.
SECURITIES.
Pacific Railroads—(Continued)—
West. Pacific—Bonds. 6s
1899 114
119
No. Railway (Cal.)—1st, 6s. 1907 *118
Union Pac.—1st, 6s
.1896 114% 114%
108
2d, extended, 5s
3d, extended, 4*28
4th, extended. 5s
5tn, 7s
1924
Trust certificates
General 6s,..
Trust certificates
Ask.
117
E. Tenn. Va. A Ga.—1st, 7s... 1900
*
Registered
Bost. B. Tun. & W.—Deb. f
Burl. Cedar Rapids & Nor
Bid.
SECURITIES.
Ask.
RAILROAD BONDS.
114
90
114
97
91
Consol., reg., 1st, 7s
.
50
65
112
105
*109
112
*
119
111
113
*110
103
.
*
94
121%
*106%
118
*116
*116%
ioi*4
105
84%
25
.
4^b!!!i937| Ml!
1936
1st, gold, 4s
Northern Pacific —
Registered....
Cin. Jack. A Mac.—Ist,g.,5s.l933
Col. A Green.—1st, 6s
1916
2d, 6s
1926
Col. A Cin. Midland—1st, 6s..1914
Del. Lack. A West.— Couv. 7s. 1892
98
Mortgage, 7b
1907* 132
Syra. Bmg. A N.Y.-- 1st, 7s.1906 *132
Morris A Essex—1st, 7s
1914 142
2d, 7s
1891 112
.
il*2%
Spok. A Pal. —1st, s. fd., 6s. 1936
St. Paul A N. P.—Gen., 6s.. 1923!
Registered
.*
Helena A Red M’n—1st,g.,6s. 1937 *105
N. O. A No. E.-Pr. 1., g., 6s ..1915
Norf. A W.—Gen., 6s
1931 *114
New River—1st, 6s
1932 —Imp. A Ext.. 6s..
1934 *100
192 t 106
Adjustment M., 7s
126% Ohio A Miss.—Cons., s. f., 7s..1898
General 5s
1932
134
Ohio Cent,—1st T« r. Tr., 6s... 1920
lOb^s
Min. Div.—1st, 6s
1921
Ohio River RR.—1st, 5s
1936
Coupon, 7s,
1894 115
Omaha A St. L. R’y.—1st, 4s. 1937
Registered, 7s
1894 Ilf*
Oregon A Cal.—1st, 6s
1921
Pa. Div., coup., 7s. -..
1917 140
Panama—Sink. Id., sub., 6s... 1910
140
Registered
1927
i*03% Peoria Dec, A Ev.—2d, 5s
Albany A Susque.—1st, 7s.. 1888 103
Peoria A Pek. U’n—1st, 6s
140
1921
1st, cons., guar., 7s
190b
2d M., 4*28
1921
Registered
119*4 Pacific RR.-Central Pacific1st, coub., guar., 6s
1906 *
Gold bonds, 6s
1895
Registered
Gold bonds, 6s
1896
,
Reus. A Bar.—1st, coup., 7s. 1921
Gold bonds, 6s
1897
Registered
Det. Bay
*
C. A Alp.-1st, 6 ..1913
No price
107
Friday; these are latest quotations
Cal. A Oregon—1st, 6s
1888
Cal. A Or-gon—8er. B., 6 1892
made this woe*,.
*99
28*
15
10
104
20
Ogdensburg A Lake Champlain —
104%
Bonds, 7s
1900
7s of 1871
1901
1st, con., guar., 7s
1915
Del. A Hud. Canal—1st, 7s...1891
1891
1st, ext., 7s
Det. Mack. A Mar.- 1st, 6s...1921
Eliz.City A Nor.-2d inc
19/0
Ind’ap. Dec. A Spr.—2d inc.. 1906
Trust receipts
119*2
1888
Leli. A Wilkeso. Coal
MHw. Lake Sli. A W.—Income
107
Mobile A Ohio—2dpref. deben
3d pref. debentures
il6*
4th pref. debentures
N.Y. L. E. A West.—Inc., 6s..1977
107% Ohio Cent.—Min. Div.-Inc. 7s 1921
118%
Income
1920
Roch. A Pittsb.— Income<"....1921
L.I.M.AS.—1st 7s, pf., int. acc’t.
Sterling I. A R’y, series B.—Inc.’94
1896
100% ; Plaiu iucome 6s
St.
78
iii"
79*4
84
115
115
100
Free List.
Carolina Central —1st, 6s
Cinn. Hamilton A Dayton
...1920
(Juiuberhiud A Pern.—lst,6s.l891
2d mort. 6s
1888
Gal. H. A H. of ’82—1st, 5s .1913
Jefferson RR.—1st. 7s
1889
N. J. Southern—Int. guar., 6s. 1899
Wabash Funded Int. Bonds —
Toledo A 111. Div, 78
irren KR—2d ni'*rr. 7s
1900
104%
75
115
[Shenandoah Valley—Iuc. 6s.. 1923
12o
102
101
ioi*
97
127
99
the chronicle.
140
Quotations in Boston, Philadelphia and
M.exA
„
96
1C 2
85
Plain, 5a
Mortgage, 6s
Mortgage, 41!*
120
grant, 7s
California So.—Cs
Ihcon e 6s....i
114
89
100
£6
Chlo. K. C. A Weat’n—6b.!
Incomes
:
Coub. Vermont, 5s
99
*,0
li'5
L©niav.Ev.A!-:t.L.— 1st, Cs
Coupon notes, 10s
Debenture, jus
So.Pao.—7s
N. Y. A N. England-Vs..
08...
2ds, 0e,
Ogdensb.A L.C’h—6s
....
1
i
io7
5,5
nn«
jit-T
166
223V....
oston A Main6
216
Boston A Providence
157
Boston Con. A M.. pref. i
B jstou Re\ ere B. A Lym,
”47*
**49’
California Southern
25
Preferred
X
19 5
.
*2
1*15*
135
iol
33
101
U
39*
;
i....
I 55
iu
Preferi ed
K.,C. Mcmpli. A Birin
..
Kan. C. frpui'gi.& iieru.
Little Rock A Ft. Smith.
Ltuisv. Ev. A St I.ouis..
F relent d
Maine Central
Manchester A Lawienco.
Mexican Central
N. Y. A New England
Preferred
Northern
Norwich A Worcester...
77
j
13
!
135
1*0
*
*13
45 *b
110 s
...
i’l3 ’
I5u
—
Vi 4
Ogdensh. A L. Champlaii
Old Colony.
180
Portland Sac"* A Portern. 133
Ports. Gt. Fa is A Cou’y.
Rutland
Preferred
Summit Branc n.
Wisconsin Central
T)>
Preferred
*-o» 41
Wo cestei Nasn aAKoch
....
<j
<
*2*1*
43
Huntingd
u
10*4
15 V
61
*
50 ^
47
141
65
10
30 V
A Bioad Top
Nesquelioning Valley....
Minehiil A sell. Haven...
66 *4
28
114
Phila. Ger. A Norristown
Phila. Newtown A N.Y..
Phila. A Reading
;...
Phila. Wilm. A Balt
United N. J. Companies..
West Jersey
25',
215*
f
Ex-dividend,
20
215 *3
01
50
CANAL BONDS.
Clies. A Del.—1st,0s,1886
iLehigh Nav.—4Vs, 1914.
Mort. RR., reg., 1897 ..
Cons., 7s, reg., 1911....
Pennsylv.—6e, cp., 1910..
Schuylk. Nav.—1st,6s,rg.
2d, 0s, reg., 1907
1st pref
2d pref
Lid. I Ask.!
-J
5s, 1931
J.
:
Series B.
Pittsh.ACon’ells.—7sJAJ
Union RR.—lst.gua.JAJ
Canton endorsed
1125
Too*
76
122
•07
102
1C 5
ICO
..
—
stk.. lfO
110
mort’., Os, 1922
Oent. Pk. N.A E. Kiv.—Stk
i 2*6
7s. 1902
Ohrist’ph'rAl oth St—stk. 121
no
Bonds, 7s, 1898
Dry Dk. E.B.A Bat’r—St V HO
Consol
|Standard
'Sterling
;
50
'Stuyvesant :i05
! United St’epjHO
i Westchester no
! Willismsb’g. 1000
|
1
Stocks
and
03
1125
-
150
170
280
•
Honda.
Brokers, 49 Wall Street.]
Ask.
, Bid.
GAS COMPANIES.
,
no
securities.
F ilton Mnmcipal
di nd -, 0s
E jaitahl^
8G
1-mi u
86 ‘
87
45
91
lb2 *3
sit \f
.L Par*
t
(VH
l\
|
74
104
I
:
ll
105
] 00
California Pacittc
1
\
LL3
104
107
li 0
158
no
215
117
42
108 V
63
160
112
no
119
107
107
200
112
41
107
00
155
no
100
105
101
175
no
200
105
225
112
180
115
200
107
240
114
9 j"
Prp.f
Ala.
3 1
Marquette
Pref
98
18
1 00
63
.
14*2
1201a
106
103*2
106
1 Ht,
pref
73
15
1st 0s........
k’nn.
City A Omaha
1st mort
12
V
10
V
43 V
36V
35
17
15
'
•
-
18
31
97
^
St. Louis Ft. S. A Wich..
st. Paul FI.A Gr.Tr., IstGs
Tol. A. A. A N. Mich
Tol. A 0. Cent
Pref
210
Tol. St. L.A Kau City, 1st.
Utah Central.—lst.i..
"26
Vicksh. A Meridian
Pref
107
1st mort
55 *a
2d mor t
Incomes
West Va. UK.—1st, 6s...
West N. Car.—Con. M
75
Wisconsin Central
17
92
Pref
•
East A West RR. of
M.
1st inort., Gs
9V
35
30
9
40
.
Pitts. A M cst. RR., 1st
Romo A Decatur
lies. AO., ser. B.def. set ip
GhiO Santa Fo A (’al. 6s..
At.—.Stk.
Ask
[
10
2 V
| N. Y. W. Sh. A B.—Stock.
North. Pac.—Div. bunds.. 100 v 102
99
Orange Belt 1st
1
1st mo it
Dul. S. Shore A
tvecly Motor
Mexican National
1st mortgage, tr. rec
Mex. Nal.coijsirncru Co.
Mich. A Otiio—1st M.
Newjt. N. A Miss. Val. Co
! N. Y. City A Northern.
”
tO
.
„mmm
104
30
31
56
11 v
...•••
v
w
V
1
94 V
56
54
9
101
98
20
10 < • *4
76
77
42
20
4 4
Boston Banks.—Following are the totals of the Boston bank^ t
,
30
105 *2
86 *3
no
80
105
137
105
120
110
Bid.
SECURITIES.
Ask.f |
23
Boat. H.T.A West.—Stk.
60
45
Brooklyn Elev’d—stock
107
V 109
1st mort
83 V
85
2d mort
Flint A Pore
49
112
100
-
Bonds, 0s
59
160
130
.
......
I
Amer. Tel. A Cable Co ...
Ateli. A Pike’s l”k, ;si os
Allan. A Char. Air Line.
1st. 7 s
115*2
*45
63
125
114
84
no
140'
109
122
1120
......
A
80
82
00
P -onle's ( Bkiyu.)
Williamsburg
Bond?, Os
M itropolitau (iiklyu.l
Unlisted Securities.—Quotations from both Exchanges:
"lb 9
.
88
109
120*
Specie.
Loans.
1387.
$
$
8,926,200
9,623,700
9,703,100
July 9 138,0-0,800
10 130,780.200
23 136,7O0,bOO
“
“
112 V
121*2
120
1887.
107*3
120
1121
i 111 *3
121
L. T’nders.
Deposits.*
Circula’n
S
$
$
2,483,800 102,263,500
8,819,700
2,424,300 10 i,016,100
2.107.600 109,602,200
8,836,900
8,833,300
Agg.Cl’ngs
*
71,517.244
82 449,26t>
75,540,867
Philadelphia Banks.—The totals have been as follows:
130
....
j 140
102
D. D. E. B. A B.— Scrip, Gs
30
,
110
Eighth A v.—stock
180
I scrip, Gs, 1914
It 0 1 42dAGr'nii st. F’ry—Stk
1st mort., 7s, 893
105 V
42<1 St. Manh. A St. N.Ave
100
100
1st inort., Gs, 1910
2d mort., income, Gs
172
•
11U
oust. W.St. AP. F’v—Stk.
1st mort, 7s, 1894
170
108
vlutli Ave
155
3 jcond Av.—Stork
160
1st more, 5-k 1910
120
f’onsol., 7s, 1888
-84
jiSivthAv.—frock
121 V !
1 it mon., 7s, 1890
124 ! Th rd Av — s:oc.k
112 V 1
Bonds, 7s, J890
155
! |Tw-'nty*iiiiro St.—stock..
112 V !
1st oov»., 7s, 1893
28
..
1st
If’5
110 V 115
120
110
107
120
100
120
! People’s
4anicipal— 3ond«, 7s
I 12
mort.,7s, 1900
Br’dway A7tn A v.—St’k..
1st mort., 5s, 1901
i*03
2d molt., 5s, 1914.....
B’way Snrlaee hds.e'uar..
Bonds guar., 5s, 1905
105
Brooklyn Citv—stock
100
1st mort., 5s, 1902
Sklyn. Cross’, own—stock. 165
105
1st u-oi t., 7s. 1888
Bushw’k Av.(Bkiii)—St’k 150
Central t-rosstown
i*o*7**
W.Md.—6s,3d,guar., J. A J
4934 Wilm. C. A Aug.—0s
$ Last price this week,
<6
160
115
91
100
101
95
1st tuctt,. 7s, 1 Hit3
80
109
1 OH
00
105
1st
19
101 ’-8
121*3
105
lod V
no
114
123
|
102
Bl’cker St.A Fult. F.—Stk.
<3
112
Virginia A Tenn.—5s
Wil. A Wemon—6s
7a.
194
OO
BONDS.
ColumbiaA Greeny.—lsts
2ds
(90
170
1
’
108
175
100
175
105
180
100
180
110
130
! 150
! 110
Pet’r Cooperi
;
Rail road
Ask.
(City HR. Quotations by H. L. Gba.nt, Broker, 145 Broadway.]
101
33
13
85
(Phenix
! Rutger’s
Metropolitan—Bonds
Mutual (N. Y.)
Bonds, 0s
Nissau (Bklyn.)
Scrip
115
Maryland ....50
145
143
100
133
80
-<>
HO
100
150
City
Bid.
..
1 (>3
Jersey City & Hoboken...
;123
6
Chari. Col. A Aug.—let..
os,
•rnrnmm
.
National.... 100
N. Y. Equit. ! 165
N. Y. Fire
j 95
Niagara.... 100
North Rivei
95
170
Pacific
0o
-
1
50
50
COMPAN’S.
,Lafa\cite... 98
Maunf'e.A B 120
70
Mechanics’ •
IMercautile.. 60
90
Merchants’.
95
140
(Nassau
120
RAILROAD
..
.
•
! Park
Oonsolidated Gas
...
1 95
02
8s
|
t Per share.
....
...
5s, reg., 1923
55 V No. Central—4*38, J. A
30
6s, 1900, A. A O
115
6s, gold. 1900, J. A J
Lehigh Navigation
£ 49 V
Bcbnylkill Na-s igation....
do
do
Pier...|
5 |.
*
6s, gold, 1908
Gen., 4s, sold, 1923
I Warren A F.—let, 7a, ’96
West. Chester—Cons. 7 s..
W.Jersev—1st, 0s, cp.,’96
1st, 7s.*1890
Cons. 6s, 1909
W. Jersey* Atl.—1st,6s,C.
Weston; Penn.—6s, coup.
0s, P. B., 189 6
Coins.
5s, Series A
West Jersey A Atlantic..
CANAL STOCKS.
*8*7**
7 5
Pennsylvania
Philadelphia A Erie
Titusv.—1st, 7s.
United N. J.—Cons.6s,’94
Cons. 0s, gold, 1901
Pref
Western
140
St.Nlcholas.
128
7th Ward... \W
Second
220
SioeALeath 141
Stateof N.Y.
1*25**
135
215
100
1
j 125
and
..
jMontauk-....
i ICO
tirooKlvn Gas-Light
Chtizons’-Gas-Ligt t
Bonds, 5s
mmrnm
122
111
1C4
98
80
130
G V8 COMPANIES.
....
Consol., 6s, 1905
iUnion A
1st Inc.,
8 0*2
North Pennsylvania
Isyr.Gen.A Corn.—1st, 7s.
|Tex. A Pac.—1st, 08,1905
|
112 V 113
ftepublio
....
113
7s.C,.’96
2d
Cin. Wash. A Balt.—lets.
2d a
66
3ds
68 *s
Preferred
5*
Sunh.ALewist’u
Atlanta A Chari.—1st—
Inc
Baltimore A Ohio—4s
Cen. Ohio.—08, 1st,M.AS.
**45*
57
-
Parkersburg Br
Central Ohio—Com
40
Lehigh Valley
Little Schuylkill
W.—1st, 5s
250
...
[Gas Quotations by Geo. H. Phe.nti.bs & Co.,
BALTIMORE.
10
Normem Central
......
1893.!
2d, 08,1938
P tenix
185**
t
Greenwich..
Long Island
125
103
3 ’• 0
Ask.
Guardian
Hamilton
Hanover
220
70
125
135
14 0
[Home
70
| Howard
; Jefferson
no
iKings Co... 200
80
Knickerb’k i
;
.115
99
Firemen’s".
German-Ain. 300
Germania... 150
ns
Globe
133
Sunbury A Erie—1st, 7s.
Sunb. Ha?.. A
100
Exchange... 1(0
118
Parra gut
....
00 V
103
RAILR’D STOCKS.tPar
(Atlanta A Charlotte
Baltimore A Ohio ...100
PHILADELPHIA.
R tlLKOAU STOCKS. 1
x»uff. N.V. aPhii.,as8.pd.
Preferred
Camden A Atlantic
Preferred
Catawissa
1st preieired
2d preferred
Delaware A Bound Brool
East Pennsylvania
Elmira A Williamsport.
Preferred
Empire City
no
105 V
51
1*3*3**
Conv., 7s, R. C., 1893...
18
Deferred incomes, cp...
Phil. Wil. A Balt.—4e,tr.ci 101
Pitts. Cin. A St. L.—7 a....
Pitts. Titus. A B.—Ts.cn.!
SliaiuokinV.A Potts.—7s
...
32
*L. 0
Iowa Falls A Sioux City.
Kan, C. Cliu. A Springf’c
Kan. City Ft. H. A Gulf..
>
(*as
&t,6s,cp.’87
Dehenture coup.,
9*3
2 5 *3
...
..
133 *3
122
Conv.AdJ. Scrip, ’85-89
Cons. 5s, 1st ser.,c.,1922,<
Cons. 5s, 2d aer.,0.,1933
00
......
133
Concord
i
Connecticut River
a:o
Conn. A Passuiupsic
Let. Lansing A No., prei.
Eastern
5
Preferred
1*41
....
62
...
1
....
84*3
Clevelaud A Canton
-
115
135
134
Cons.. 7s, reg., 1911
133
134
Cons., 7s, coup., 1911 ..
119
Cons., 6s, g., I.R.C.1911
109
100 v
Imp., 6s, g., coup., 1897
1(3
Gen., 6s, g., coup., 1908
a o3v
Gen., 7s, coup., 1908
70*3
Income, 7s, coup., 1890
546
Cheshire, pieterreri
Chic. A East’ll Illinois...
Chic. Burl. A North’ll
Chic. A West Michigan..
Cinn. Sandusky A Cleve.
-
iVo*' i’1'0
Cons., 5s, 1920
Phila. Newt. A N.Y.—lei
Phil. A R.—1st,6s, 1910..
2d, 78, coup. A reg.,1893
23
Central of Massachusetts
Preferred
120
133
no
110
no
10»
45
|i Phil. AErie—1st,7s,cp.’88
II Cons., 6s, 1920
201
Albany
oaton A Lowell
-
12 4
140
7,1906
Pei kioineii—1
54
.10' t
cMaon A Topeka
-
Cons., 0s, coup.. 1905..
Cons.. 5s, reg., 1919—
4 Vs. Trust Lf an
Pa. A N. Y. C.—7-s, 1896.
I
-
101*3 I 01 **4
0s, reg
117* [Pennsylv.—Gen.,
! Gen., 6s, cp., 1910
99
*
173
95
105
190
123
lvO
125
115
40
225
200
no
American... 100
75
Amer. Exch.
165
Bowery
180
Broadway...
Brooklyn ... no
Citizens’.... no
120
City
110
Clinton
35
Commercial.
Continental. 215
240
Eagle
98
597
No.
i
...
Tradesmen’s
inited Rt’es 210
Ask.f COMPAN’S. Bid.
Bid.
COMPAN’S
106
I
I
109
135***
155
170
160
Park
People’s.
128
Insurance Stock! List.
3 09
2d, 7s, reg., 1910..'
Cons. 0s, C.A R., 1«23..
I
*32**
25
..
Ask.
1*85**
Oriental....
P*oiflc
145
210
...
Bid.
[Quotations by E. 8. Bailey, 6 V Pine St.]
gld.,7?
!Leh.V.-l8t,6s,C.AB.,’98
90
W scon sin Cent, -lstser.
2d series
]
STOCKS 1
Preferred
102
115
.
134
Penn.—2d, 7s, 1890Gen., 7s, 1903
Dehenture 6s, reg
Norfolk A West.—Gen.,0s
! N. B. Div., 1st, 08.1932
N. Y. Phil. A Nor.—1st, 0f
! Inc,, 0b, 1933
104*2
,Oil Creek—1st, 6s, coup..
To*
O iora—'7ft
Flint A Pere Marquette
Del. A Bound Br.—lBt,7s
Duluth Short L., 1st, 58.
East Penn.—1st, 7s, 1888
Easton AAmb’y—5s, 1920
EL AWmsp’t-l 8t,0s, 1910
!
§**".*;
Consolidated 6s
44
Incomes
Pueblo A Ark. Val.—7fi.. •.i
Rutland—1st 0s
96
5s
TfteMtnrg, pref
122*3
Coub. 5s, 1895
IthaCftAAth.—1 st,
03V
9 I V 990
10U
117 Hi
124
114
HO
Southern Kansas—£s
97
170
330
145
Irving
2*14**
Leather Mfs' 210
yfqgihattan.. 105
vfarket
170
Mechanics’
170
il’ohs’ATrR 145
Mercantile.. 146
1*4*6*’
Mercnants ’.
M’rch’ts’Ex. T6“
'fassan.
^ew York
BAN KS.
<. Y. Countv 210
!?. Y. Nat. Ex 125
’Tinth.—.v— 130
17. America, 127
'forth Rlv’r.
116V
..
130
150
700
1500
145
152
........
l*2*i**
5s, perpetual
SUf-
Income
113
..
128
1*9*6
..
..
Ask.
205
20 J
113
210
Gvllatin
Gvrfleld
Germ’n Am..
Germania.
Greenwich
‘Tanover....
I m. A Trad’s’
173
Commerce
Continental.
Corn Exch...
East River..
11th WardFifth Ave...
First
Fourth
Fulton
I VO
Harrieb’g—let,6e, 1883..
H.AB.T.—1st,7s,g., 1891’
78
7s
Atl.—let,7s,g.,’93
2d, 0s, 1904
Cons., 6 p. c
Col. AC. M.—1st,68.1914
Connect’g 08,cp., 1900-04
99
tiS
Mexican Central—4a
105
Catawlssa—1st, 7s, con. c.
New 7s, reg. A coup—
105
Out.—1908, 0e,
104
no
..
Mort., 6s, 1889
51*2
1925, 08
ioi*
City
Cam. A
126
123
118
115
93
124
no
101
Jutchs’A Dr
Central
Chase
Chatham....
Chemical....
Citizens’....
105
Amboy—6s, c.,’80
Cam. A
641*
°4
East’rn, Mass.—0e, new.. 125
Freni.Elk H.AMo.V.-6h.. £
K. C- Fort Scott A G.—7b t
K. Cltv Lawr. A So.—08..! ----K.CI Memph. A Birin—5 s
92
K, City s>t. jo. A (J. B.—7e>
K. City Sp’d & Mem.—081
K.C. Chnt. A Spring!.—5s
Little R. A Ft. ft.—7b
i
1st, 6s, 1905
Con., 6s, 1913
Buff. N.Y.A Phil.—1st,6s
1st, Tr. 6s, 1922
94
1115 V
Land
Broadway...
Bid.
BANKS.
Ask.
Bid.
175
180
144
142
260
270
108
135
*138
200
210
2500
140
300
America
Am. Exch...
118 78
110*3
Balt. A O.E. Side—Certs.
Belvld’e Del.—1st. 08,1902 116
Cons. m. 4s., 1927
Bell's Gap—1st, 7a, 1893. «...
107ia
104
Bar.<fc M o. U*Neb ,-Exrt,08 t.....
6s non-exempt,
; {108
stonA
Ask.
BANKS.
Ulegh. Val.—7 3-10a, '88
7s, E. ext., 1910
Inc. 7s, end., coup., ’94
97
grant, 7 b
Incomes
Bid.
SECURITIES.
RAILROAD BONDS.
BOSTON.
At-oh. A Topeka— 1st. 7s.
Coll. Tins', 5s
2d inort
Mar. H. A
New York Local Securities.
Baltimore.
Bank Stock List.
Ask.
Bid.
SECURITIES.
Land
1
[Vol. XLV.
July
“
2
9
“
16......
“
23
__
Loans.
Lawful
Mon’y
Deposits.*
Circula’n
Agg.Cl’nga*
$
$
$
$
$
89,140,600
24,354,700
83,808,400
89,635,100
88,317,600
88,110,528
3,301.950
2,874,650
2,964,550
2,984 512
76,690,919
69,764,809
68,340.153
61,825,944
89.835.200
89,952,900
90,306.926
25,352,800
24,095,300
23,616,768
Including the Hem “duo to other banks.”
M;
July 30,
1887.J
condition of the Associated
week ending July 13, 1887:
Loans and
Discounts.
Specie.
$
11,620,000
9,178.000
Manhattan Co
Merchants’
Mechanics’
America
7.148.000
7,9.'4.000
11.(05.600
Phenix
3.027.000
City
8.588.400
2,516.000
Tradesmen’s
Fulton
1.335.200
18.521,600
3.214.500
Chemical
Merchants’ Exch.
Gallatin National.
Bntchers’ A Drov.
Mechanics’ A Tra.
Greenwich
Leather Mannf’rs.
Seventh Ward
State of N. Y
5.169.000
2,220,000
1,714,000
1,695,000
1.602.000
1.833.700
480.U00
4.764.300
363.600
385.100
7.112.200
502.600
f
57,800
453.500
1.914.600
101.C00
1,919.000
1.181.300 —129,000
565.200
3.255,'00
266.700
1,X68>00
575,800
3.793.500
16.795.000 2,663,000
16.999,900 2,029,200
5,508.000 1,105,500
7,363.10 » 1.847,40 >
334.100
2,787.00'.7.631.300 2,040 tOO
Americ’n Exch’ge.
Commerce
Broadway
Mercantile
Pacific
Republic
4.408.500
1.995,6 0
Chatham
Peoples’
3.013,500
10,601,700
2,983.000
2.785.400
North America....
Hanover
Irving
Citizens’
2.541.200
Nassau
Market
St. Nicholas
Shoe A Leather...
Corn Exchange...
Continental
Oriental
2,817.802,016.60c
2.902.000
6.483.600
4.719.700
2.277.600
18.472,000
18,6-6.700
Importers’ A Trad.
Park
North River
East River
Fourth National..
Central National..
Second National..
Ninth National.*...
First National
Third National....
N. Y. Nat. Exch...
2
075,300
1.079.800
17/02.000
7.781,000
3,367,000
5,0:>1,(00
20,446,500
4.386.000
1,451.' 00
928.900
272.000
270,000
3.181.300
732.100
589.500
289,80 >
620.700
261.900
681,00i>
745.500
722.500
147,300
4,85V- 00
4,760.00'>
1.361.700
United States
Lincoln
•Garfield
Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.
3.654.900
1,364, 00
2,375.800
1.858.300
563.4 00
463 300
880.900
151900
101.600
292,400
846,:oo
301 000
299.500
456.100
9.068.000
90*6o6
81,000
523.900
1,873,000
2,014.000
1.20 (.300
‘*2,8*00
163 800
2.536.20 )
1.353.400
3.235.900
537,200
44,400
88.900
156 600
1,107 000
14.572.00u
950.9D<>
281,200
462.500
11.147,200
5.234.800
7.654.300
157.900
2.790.100
1,004,500
45.000
854,500
42*200
8.470.100
4.752.300
2.527.300
3,352,000
301.t00
356.700
132.700
255.300
635.800
171.300
148.200
45,000
45,000
40,700
45,000
3,240,000
3,104,200
3.059.400
4*45*6*0*6
2.655.500
1.897.400
3,122,000
5.800.500
5.282.300
2,123,’.00
21.211,000
563.300
220.500
1,121.000
1,230,000
447*0*0*6
45*6*66
978*5*66
45,000
22,777.600
2.265.500
1,118,000
142.800
101.200
8 i *66*6
18.586,000
8,634 000
4,117
000!
5.257.8001
19.927.0001
4.453.800
203.800
1,262,000
141,000
2.311,300;
2.892.V00!
2,241,400;
0,251.800
360,000
45,000
42,000
45,000
433,100
261,66*6
140.900
121.500
95.400
324.701
93,500
224,L00
180,000
45*666
3,803.000
2,833.000
2.577.000
483,700
415.200
79,800
116.100
144.300
122.600
219,400
305, '00
4.175.100
2.895,700
2.152.900
1.656.300
4.605.300
2.295.000
2.037,500
2 260,200
364.351.500
B.Tenn.Va.AGa. 3d
Evans. Alnd’plls 3d
Evanav. & T. H. 3d
Flint & P. Mara, hi
Fla.R. ANav.Co.|2d
wkJuly
wkJuly
wk July
wkJuly
wkJuly
Ft.W.ADen.Cityi3d wkJuly
Georgia Pacific.. I June
Gr. Rap. & Ind. .[3d wkJuly
Grand Trunk
j WkJuly 16
...
Gn.BayW.&St.PjMay
1886.
loo 7.
Hous.ATex.Cent'2d wkJuly
Dl.Cent.(Ill.ASo) June
Cedar F.AMin.; June
Dub. ASiouxC.i June
Ia. Falls &S.C.I June
Tot. Iowa lines | June
Total all lines. (June
Ind. Bloom.A W.'3d wkJuly
Ind. Deo. ASpr.lJune
Jack. T. A K. W. May
K.C.Ft.8. AGulf. 2d wk\Tuly
Kan. C. Sp. & M. 2d wk July
Kan. C. Cl. ASp. 2d wkJuly
Keokuk A West. Jd wkJuly
.
aLakeJE.&West. 3d wkJuly
L 8. A Mioli. So. June
LehighAHudson June
Long Island
3d wkJuly
Louaia’aAMo.R.
Louis. Ev.ASt.L.
Louisy.&Nashv.
Lou.N.Al.AChic.
Louisv.N.O. AtT.
Manhattan El...
Mar. Col. A No.
Mar.Hough.A O.
151,000
24,255
49,407
19,535
97,0 6
4,172
18,249
50,597
16,817
13,257
91.805
49.179
360,016
33,777
175.220
jjuue
Kingston & Pem 3d wkJuly
12,183.000
413.500
113.70 >
102.700
241,000
305,000
Det.BayC.AAlp. June
.*.
Uet.Lans’gANo. 3d wkJuly
Gulf Col. & S. Fe.
264,100
355,249,900 77,03?,7')<’ 22,551.500
745.100
262,000
88.600
248,000
136.100
3.354.500
1,826.830
1,910 600
5.602.500
45,000
2.189.500
1.436.800
197,30<>
151,'•OO
458,tOO
-
45,000
525.800 20,947.400
319.200!
3.535.900
290,r.00; 3.814.800
277.900
1,121,800
5.577.400
3.660.400
2.267.700
2.326.400
11,400,000
190,100'
93,700;
1,013,20 •
4.214.700
1,027,600
352.100
$
7.917.900
6,721.000
330,000,
413.700 10,060,000
254.000!
2,812,000
371.000' 11,070,400
260.000
2.672.500
$ ’* (
319.(00,
978,000
615.900
than U.S.
812,400|
772.000
2.239.100
Circula¬
tion.
other
$
920.000
1,573.000
N. Y. County
Herman-Americ’n.
Chase National....
Fifth Avenue
German Exch’nge.
1.539.400
3,fr8s 700
1.963.400
Legal
874.800
200,000
501.900
Germania
WeekorMo\
Deny. & Rio Gr.]3d wkJuly
Denv. & R. G. W. j 3d wk July
Net Deposits
lenders.
146.200
266.900
4.118.600
2.350.100
Bowery
i to
<an.
Latest Date.
1887.
$
$
$
New York
Earnings Reported.
Roads.
Banks of New York City for the
Average Amount of—
Banks.
Latest
Banks.—The following statement shows the
Naw York City
m
THE CHRONICLE
April
50,423
842,806
11.130
67,828
49,783
128.741
971,547
63,682
30,018
29,543
43,632
33,224
3,486
5.477
3,281
37,548
6,59
37,399
29,349
93.370
38.750
*Mex.N. (N. Div) June
do
(So.Div) 2d wkJuly
do
all lines June
Mioli.C.ACan.So June
14,726
130,-3?
Mil.L.Sh.&West. 3d wkJuly
Milwaukee & No 3d wkJuly
74,652
15,153
118,677
...
Miss, ATenn.
Mobile* Ohio.
Juno
June
Nash.Ch. ABt.L. June
N. Y.Cen. AH.R.. June
N. Y. City & No. Wk July
cN.Y.L. E. AW Tune
N.Y\Penn.A O. June
..
623,514
2,649,820
2,102,081
2f0,931
122,439
449,798
380.790
43,580
1.418.557
14,127
10,339
49,450
43,961
328,490
28.024
161,353
45,342
571,8^8
341,227
524.058
793,675
15,161
81,113
46,421
142.695
936,370
56,403
28,262
17,326
36,164
21,217
3,351
5,322
2,253
35,886
14,6*5*8
June
3d wkJuly
Minneap.&St.L. May.
Minn.<StNo.West. 2d wkJuly
218,709
60 -’,006
18,025
25,036
23,816
75,690
5,033
90,561
41,^25
19,577
289,130
39,349
101,678
644,530
3,53<)
29,587
23,4-0
64,858
46,951!
103,229
674,524
J
3,278,844
97,660
48.370
20,200
289,570!
85
3,965,945
21 *.691
3d wkJuly
3d wk Julv
3d wkJuly
June
Juno
Memphis &Chas. 2(4 wk J uly
*Mexioan Cent’i. 3d wkJuly
14*0,789
1886.
45,288
21.482
139,252
17,190
24,609
22.94)
85,591
1,197,776
512,879
198,082
348.386
1,215,239
9,177,406
1,012,887
8,435,691
177,124
127,449
911.386
1,145,729
1,062,380
1,171,334
5,269,898
60,734
37.4,831
300,604
741,229
6,011.126
1,369.746
192,493
238,767
1,404.395
1,050,358
129.216
156,251
1,016,890
8.603.557
120,538
1,646,797
180,936
519,497
8.265,691
4,723.932
80.479
422,746
269.954
773,179
5,497,112
1,283.984
177,794
109,651
1,205,671
744,219
114.271
151,751
840,587
6,933,682
101,370
1,517.250
163,102
427,617
7,151,928
1,158,8 >0
894,540
917,201
4,055,727
22,479
495.384
815,2-2
2, *-86,483
731,476
3,723,065
465.385
641,818
2,033,849
1,659,933
282,972
527,896
840,8i2
5,436.000
1,100,377
493.062
326,342
615,511
552,935
205,4->9
568,982
250.384
573,970
805.120
6,361.000
56.588
12,129
121,364
7,809
95,780
194,858
180.391
970,926
144.505 1,118,916
165,442
178,139 1,454,280 1,080.802
241,071
2,847,614 2,664,215 16,725,725 14,912.612
29 ">,259
277,434
10,458
11,297
16
1,733,470 1,536,808 9,512,138 8,523,783
515,731 2,844.361 2,843,038
489,857
303,313 1,626,745 1,476.507
*313,610
N.Y.ANewEag May
6J5,075
764,300
31,833
34,035
N.Y.Ont. A W... 3d wkJuly
503,787
616,699
84.057
N. Y. 8us. & W.. June
106,283
76.041
63,505 2,108,648 1,629,926
Norfolk * West. 3d wkJuly
256,999
247,872
36,761
37,313
N’theastrn(3.C.) May.
554,401
432,537 3,081,593 2,582,401
Northern Cent’i. Juno
274.977
253,231 6,176,891 5,690,062
Northern Pacific 3d wkJuly
163.505
157,390
Ohio & Miss
2 wks July
226,581
269,498
33,690
36,708
Ohio Southern.. Juno
967,739
204,063 1,406,394
365,733
Oregon Imp. Co. May.
481,735 2,259,928 2,331,313
423,750
Oreg. R.A N. Co. June
4,911,858 4,330,101 26,370,724 23,250,164
Pennsylvania... June
383.592
16,335
15,117
45\384|
Peoria Deo. AEv. 3d wkJuly
332,382 1,864,401! 1,607,710
Phila. At Erie
'June
397.583
1,775,912 1,684,957 10,154,498; 8,726,345
tPhila. & Rcad’g J une
Coal A Iron Co June
1,60 .,762 1,311,840 7,646.046 6,433,069
678,101
908,395
140,347
150.584
Pitts. A West’rn Juno
141,854
17.339
152,466
22,755
F’rtRoyal*Aug. May
13,583
12.880
P’rtRoyalAW.C. May
269,834 1,971,593 1,889,293
301,000
Riohm’d ADanv. June
692,306
742,318
121,908
125,000
Va.Midl’d Div.'Juue
376,803
371.187
41,489
43,200
Char.Col.AAu. June
306,629
246,056
24,052
28,500
Col.&Gr. Div..'June
240.143
44.028
320,510;
51,400
West.No.C.Div June
43,600
49,600
8,300
8,800
Wash. O. & W..! June
12,530
22,200
1,800
Asliv. A Spar.. June
4,500
......
.
.
.
45,000
44,700
4 5,000
134,uOo
42,100
173,000
...
..
..
Total.
8,121 400
RAILROAD EARNINGS.
...
...
Latest
Roads.
Earnings Reported.
Week or Mo
1887.
1886.
$
163,606
148,391
June
1,521,376 1,252,754
72,695
84,600
May
31,462
2d wk J uly
51,229
111,665
124,672
May
3d wk July
57,100
57,30.)
28.029
3d wk July
39,929
46.455
2d wk July
44,987
19,714
3d wk July
17,943
3d wkJuly
13,097
29,463
49,744
41,706
May.
3d wkJuly
237,000
232,000
June
14,723
17,985
Allegheny Val.. April
Ateh. T. A S. F
Atlanta A Char..
Atlantic A Pac.
Bair. A Potomac
Buff.N.Y.A Phil.
Bull. Roch. APitt
Bar.Ced.R.&No.
Cairo V. A Cliio.
Cal. Southern...
.
tCamden & Atl’c
Canadian Pacific
Cp.F’rAYad.Val
Central of Geo..
Ceutralof N. J...
Central Iowa...
Central Pacific
Charleat’n A Sav
.
'
1887.
1886.
$
613.856
545,832
9,071,135
6,941,368
511,646
478.946
1,394,502
719,221
523,999
1,362,237
578,593
1,431,442
1,060,826
1,464,834
392,223
811,396
182,145
5,452,793
702,253
1,358,720
329,779
341,457
161,186
4,838.342
123,469
104,874
344,696
422,844
2,296,759
June
*93,924
2,343,169
3,405,411
617,216
598.446
April
May
1,083,999
97,459
913,617
3,724,363
3.346,313
227.820
217.100
2,055.725
1,819,818
393,475
730,267
2,289,259
793,785
May
April
35,697
381,446
Chesap. & Ohio. June
EllZ.Jj6X.drB.8.
Chea. O. A 8. W.
Chic. & Alton...
Chic. A Atlantic
Chic. Burl. A No.
Chic. Bur. A Q..
Chic A East. 111.
Chic. Mil.ASt.P.
Chic. A N’thw’n.
Jan. 1 to Latest Date.
Juno
June
87,823
April
145,121
654,049
43,305
238,403
36,491
322,799
67,411
122,606
576,634
29,376
477.820
826,475
2,626.722
3,023,294
1,138,908
1,067,648
May
2,152,072 1,981,677 11,135,274 9,374,827
May
893,022
3d wkJuly
42.989
40,153 1,066.290
3d wkJu y
455,242 12,489,000 12,003,357
432,000
Juno
2,166,218 2,118,448 11,799,837 10,779,599
•Chic.St.L.APitts 2 wks July
171,745 2.8?3,25* 2,338,323
215,373
Cluc.St.P.M.AO. June
496,271 2,995,231 2,690,897
550,661
739.630
721,653
Chic. AW. Mich. 3d wkJuly
24,813
26,136
Cin. Ham. A D.. 1st wkJul.v
65,565 1.597.308 1,369,172
70,121
46.512
50,200 1,420,38 < 1,348.968
Cin.rnd.St.L.AC. 3d wkJuly
227,916
205,863
8.146
Cin. Jack. AMack 3d wk Jul\
9,534
Cin. N. O. aT.P. j2d wk Jul*
53,896 1.687.308 1,381,883
61,892
578,059
763,721
Ala. Gt. South. 2d wkJuly
24.940
16,526
3d wkJuly
1.
N. Orl. A N. E. 2d wkJuly
Ylcksh. & Mer. 2d wkJuly
Vicka. 8h. A P. 2d wkJuly
Erlanger Syst. 2d wkJuly
Clh.Riek.AFt.W. ;3d wkJul.v
Cin. Wash. A Balt 3d wkJuly
Cle v. Akron A Col |3d wkJuly
Clev. A Canton.
©iev.Col.C.A Ind
Clev. A Marietta
Col. A Cin. Mid.
Col. Hock.V.&T.
Col. & Rome
Drtnb’v A Norwfa
June
June
3d wkJuly
3d w k July
June
May
May
Dayt’nFt.W.AO 3d wkJuly
I And Branches.
—
334,269
254,444
313,556
250,315
207,960
2,731,774
192,727
3,290,690
38,038
5,959
5,830
5.478
87,689
7,453
32,289
11,253
10,544
298.857
280,109
3", 14
374,448
:-3,147
172,503
2,039,420
160,906
1,819,228
8,085
7,028
6,162
103,107
7,205
4,302
5,863
191,078
2,951
335,741
4,3 4
6,422
250,947
209,577
1,104,486
163,065
165,921
163.300
1,237,541!
19.501
3,388
18,239
85.600!
9.813
4,16
28.321
1,008,327
150,730
153,959
980,680
25,701
80,383
...
...
Rlch.APetersbg. May
Rome W. A Og. May
St. Jo. A Gd. I si 3d wkJuly
St.L AltonAT.H. 3d wkJuly
Branches
3d wkJuly
St. L. Ark.ATex.
St.L.ASan.Fran.
St.L.Van. A T.H
Sc.Paul A Duluth
Sc.P.Min.AMan.
Scioto Valley...
Shenandoah Val.
South Carolina..
So. Pacific Co.—
3d wkJuly
3d wkJuly
1st wkJuly
3d wkJuly
Juno
May
June
Juno
Gal.Har.AS.A. May
Louis’a West. May
234,638
2*1*2,058
17,100
26.312
16.85C
53.563
20,-<97
23,675
115,636
64,914
35,654
613,080
58.733
73,000
61,618
368,087
73,k8l
87,545
94,385
1,110,900) 1,014.753
588.422
715,736
467.9051
14,750
34.340
1,134,918!
8 (,750
3,005,355
64,509
32,106
479/91
46,731
60,0' 0
78
i’,6*40
3,454,109
603.865
635.002
370,116
833,294
2,310,683
672,818
2,947,518
393,638
248,690
300,921
62,419
532,154
521,010
191.471
1,343,270
316,158
1,646.996
1,031,373
40,55i
280,245
200.521
251,755
1,706,258
332.148
Morgan’s CAT May
52,493
7Q.742
11,430
23,215
N. Y.T. AMex. May
370,863
480,019
63,004
117,436
N. Orl. May
Tex.
592,700 3,857,186 3,416,498
914.167
Atlan’c syat’m May
2,227,147 2,146,525 9,572,768 8.750,139
Pacific system May
3,141,314 2,739.225 13,429,953 12,166,637
Total.
May
311,538
354,718
82,435
1"2,148
Staten Is.Rap.Tr June
396,376 2,596,775 2,492,269
360,478
Texas A Pacific. June
173,765
256,280
6,687
10,108
Tol.A.A.AN.M’h 3d wkJuly
396,106
521,074
16,226
16,827
Tol. A Ohio Cent. 3d wkJuly
459.581
432,253
31,968
34,913
ToL P. A West.. 2 wks July
2,188,277 2,151,162 10,515,064 9,106,599
Union Pacific... May
255,954
215,469
50.537
59,721
Valiev of Ohio.. May
Wab.*Western... 3d wkJuly 139,654 100,074 3,304,782 2,853,712
521,447 2,491,881 2,472,706
518,669
Wab. E. of Miss. May
430,259
469,803
101,327
114,346
♦West Jersey— May
293,792
304,807
45,622
47,604
Wil. Col. A Aug. May.
384.915
303,164
13,142
13,911
Wheeling AL.E. 34 wkJuly
800,802
23,971 1,080,821
33.7.14
Wisconsin Cent’i 3d wkJuly
122,692
258,766
3,7 5
8,605
Min. St.C.A W. 3d wkJuly
92.222
477.406
2,944
15.531
Minn.J3d
Wis. A
wkJuly
t
Including Branches.
’rMexiCrI1^cuJreilC,y'r«>,i/,
Including since Feb. 1st in both years the Ind. Peru
t Not including Central or New Jersey in either year.
a
c
Not including earnings of
New York Pennsylvania
& Chic,
& Ohio
THE CHRONICLE.
142
[VOL. XLV.
months, obtained for publication in the Chronicle, were as
Irarjesttumt
follows
:
June
/
AND
axtoad
1887.
Jtttjelligpeujcje
Gross earnings
Operating expenses
♦
The Investors' Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz,, January,
March, May, July, September and November, and is furnished without extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others at $1 per copy.
Net earnings
Interest, taxes, etc
>
$374,448
222,059
$335,741 $2,039,420 $1,819,228
199,865
1,323,523
1,242,268
$152,389
68,929
$135,876
69,672
$83,460
12,592
Balance..
Additio ns to property
Balance
'
,—Jan. 1 to June 30.
1887.
1886.
—,
1886.
$70,668
$715,897
$576,960
412,173
414,114
$66,204
$303,2!9
17,112
*402,091
$162,846
104,541
$49,092 def. $98,872
$58,305
$351,956 spent for new cars, $33,250 for new
engines and $16,885 for purchase of real.estate.
This item includes
Chesapeake & Ohio.—Regarding the extension of the “B”
Railway Co., the Treasurer of that
company says that those who have already collected their
coupons from the 6 per cent bonds, and desire to come into
the plan and extend their bonds at 4 per cent interest, will
receive as a bonus 25 per cent of their face value in stock of
Newport News & Miss. Valley, sales of which have ranged
from 15 to 25 per cent, and also one half per cent in caffi, on
surrender of deferred interest scrip series D, issued Nov.,
1886, and 1 per cent in a sh on surrender of deferred interest
scrip, series E, issued May 1, 1887, thus bringing up the inter¬
est paid in cash to 4 per cent from May 1, 1886.
Dulnth South Shore & Atlantic.—The following directors
were elected at the annual meeting of the Duluth South
Shore & Atlantic Railway; James McMillan and Hugh McMil¬
lan, Detroit; Samuel Thomas, Irvin S. Price, New York; C.
R. Cummings, Chicago; A. D. Juillard and George I. Seney,
bonds of Ches. & Ohio
GENERAL INVESTMENT NEWS.
table shows the
of net earnings not heretofore published.
Railroad Net Earnings.—The following
latest reports
Jan e.
1886.
1887.
Name of Road.
Buff. N. Y. & Phil... .Grt
$
228,170
as.
Net...
55,167
Canadian Pacific.... .Gross. 1,059,507
Net...
388,703
Clev. Col. C. & Ind.. .Gross. 374.448
Net...
152,389
44,221
Fort Woitli & Dm. C.Gross.
j 1.765
Net...
Gross. 351,285
Mexican Cential
Net
126,224
Jan. 1 to June 30.—,
1886.
1887.
$
$
.
$
941,337
1,200,637
195,6^3
4,169,342
1,293,61.-.
335,741
135,876
2,039,420
1,819,228
30,135
290,230
1,265,542
186,931
4,728,793
226,500
45,532
895,923
376,430
8,676
105 978
576,960
170,366
59,727
274,7 6 4
2,318,693
1,843,266
7 i 5,897
-
586,790
.Gross.2,006,573 1,8*7,505 11,446,305 10,457,049
Net... 602,275
554,57 7 3,251,346 2,802,420
588,390
663,142
.Gross.
122,2*6
N. Y. Ont. & W
130,759
30,800
Net...
19,892
66,598
21,776
228,127 1,879784 1,449,389
Norfolk & Western.. Gross. 334.200
5*6.096
85.404
729,680
Net...
123,272
432,537 3,081,593 2,582,401
Northern Central.... .(boss. 554,404
> 99,380
Net... 209,519
<95,469 1.254,836
..
1,048,614
78.712
N. Y. L. E. & W
Gioss 4,911,858 4,336,101 26,370,724 23.250,164
Net. ..1,561,459 1,351,133
8,784,383 7,669,024
Philadelphia & Erie..Gross. 397.583 332,382 1,864.401 1,667,710
Net...
184.364
139,763
766,111
709,694
Pliila. & Reading
Gross 1,775,912 1,684,957 10,154,498 8,726,345
Net...
927,499
734,090 5,186,980 3,279,936
Coal & Iron Co....Gross.1,605,762 1,311,840 7,646,046 6,433,069
Net...
85,233 *233,594
285,142 *1,121,781
Pennsylyania
k
Deficit.
April.
,
1887.
$
,—Jan. 1 to Apr. 30.—*
,
1886.
1887.
1886.
$
$
7,207,554
553,265 2,401,611
Chic. Mil. & St. Paul.Gross.1,979,661 1,7 63,896
64 6,426
Net...
$
6,80c,585
2,235,285
New York.
Directors were also elected for the Marquette
Western Railway Company and the Marquette Houghton Sc
Ontonagon Railway Company, lines under lease to the
Duluth
South Shore & Atlantic. In each case the board chosen wa3
substantially the same as that of the Duluth South Shore.
Central is spending $1,000,terminal facilities at Mackinaw, in order to complete
count cl ion with Duluth & South Shore.
Michigan Central Sc
Northern Pacific companies entered into traffic arrangements
with the Duluth South Shore Sc Atlantic, which is nearly
completed.”
Fort Worth & Denver City.—The gross and net earnings
—Kitman says : “The Michigan
000 upon
for June and from Nov. 1 to June 30 are as follows :
June.
/
1887.
Grose earnings
.
1886.
$44,221
$30,135
32,456
21,459
/—Nov. 1 to June 30.—*
1886-7.
1895-6.
$388,656
228,862
$247,241
162,702
Santa Fe.—Dispatches from Boston on
Net earnings
$11,765
$160,094
$*,676
$84,539
Friday stated that circular No. 60 would be issued Saturday,
Illinois
Central.—The
Chicago Times remarks that “a con¬
giving Atcbiscn stockholders the right to subscribe for 15
per cent of present holdings in new 7 percent stock at par, struction company has b( en formed, officered by officials of the
yieldirg the ee mpany $10,(100,COO cash, pay at le in four 25 per Illinois Central Company, and organized for the purpose of
cent instalments this year. Next dividend payable November
building branch lines outside of Illinois. The company has
15 to be \% per cent.
$7,000,000 to be expended for new already got down to the work in hand, and has already let the
The number of locomotives to be contracts for a branch from Cherokee to Onawa, Iowa, a dis¬
equipment at once.
tance of sixty miles.
increased from 300 to 600.
The road runs along the Little Sioux
River and through a fine farming country.
The officials do
Atlanta & West Point.—For the fiscal year ending June 30 not
it
is
intention
to push it across the Missouri
deny
that
the
the gross earnings were $394,640; the expenses, $234,053; net
River, at or near Decatur, into Nebraska, and to a connection
earnings, $160,586. The directors elected Col. C. H. Phinizy with the Union Pacific. Contracts will also be let next week
President;Cecil G. Abbett, Local Manager; H. M. Abbett, Secre¬ for the construction of a line from Cherokee—forty miles east
tary and Treasurer.
o? Sioux City, Iowa—to Sioux Falls, Dakota.
There is also
Buffalo New York & Philadelphia.—The gross and net some talk that a line will be run from some point down
earnings for June, and from Oct. 1 to June 30, were as follows: through western Iowa to Council Bluffs, but this is improba¬
ble ar d has been confounded with the first-named branch,
/—Oct. 1 to June 30.—June.
1886
18^6-7.
1885-6.
1887.
which is headed in that direction. The acquisition of the Iowa
Gross earnings
$228,170 $226,560 $1,896,403 $1,856,847 leased lines has started the Illinois Central off on a lively cam¬
173,003 181,028 1,669,228 1,483,462
Operating expenses
paign, and when all of its plans are perfected and carried out,
Net earnings
$45,532
$373,385 its Iowa system will be not only profitable in itself, but a
$55,167
$2*7,175
source of big revenue to the Illinois and Chicago outlet.”
Central of Iowa.—The New York committee on Central
Operating expenses
Atchison Topeka &
,
>
Iowa ieorganizati< n have i hree quarters of the junior securi¬
ties,and $1,500,000 out of the total of $3,700,000 first mortgage
bondp. President Stickney says tl at the former reorganiza¬
tion was on too high a lasis. It must now be put on a sure
footing.
“
„
Central Pacific.—The London Economist of July 16, says :
The London shaieliolders’ committee and othersiuti rested in the com¬
pany held a c< nference yesteiday with Mr. C. P. Huntington, the VicePmidentof the rail way, now in London, and the following particulars are
given for the information of the English ehaiekoldejs: The committee
urged upt n Mr. Huntington’s attenti* n the discontent caused in this
countiy by the very me; gre information at the command of ilie share¬
holders
as to the current operations of the railway and its financial
position. Mr. Huinii gton admit ted.tliat there was ground for complaint,
and txpressed himself very willing’to rectify it upon his return to New
York. He stat« d that there was nothing new to interfere with the dis¬
tribution of the guarantee for the current year to the shareholders, and
that he would recommend its distribution semi-annually. c Mr. Huntington further stated that although wais of rates had existed between the
transcontinental lines, harmonious relations were re-established at the
beg inning of last April, and that rates were i ow satisfacti ry, and he
believed would continue to lo so. The Central Pacific Railway was
doing
satisfactory business, and he expressed confidence that the
is would receive a dividend of 2 pt r cent or more from the
opeiatims oft his year Mr. Huntington also pr* mised that for the future
monthly net ret enue start inent- should be regularly publisln d. He
also stated that the Southern Pacific guarantee ex tended to the additional
$8,000,00o ». f stock recently issued'to the Oregon & California share¬
a
shareboldt
holders.”
Chief go
& Eastern Illinois.—The gross earnings for the
ending June 30, were $1,932,000; dividend balance,
$218,000; dividend paid, $165,000; surplus, $53,000.
fiscal year
Cleveland
.jeamings,
Indianapolis.—The
&c., of this road for June and for six
Columbus Cincinnati &
expenses,
"Tron
Railway.—The Iron Railway Company issues a mort¬
gage for $600,000, running thirty years at 4 per cent, naming
the International Trust Company as trustee.
A report says
that the probability is that the stockholders will get the bonds
and the road become merged in the Dayton Fort Wayne Sc
Chicago and Cincinnati Hamilton & Dayton system.
Kansas Pacific.— The trustees of Kansas Pacific consoli¬
dated mortgage giie notice to the Stock Exchange that they
have purchased with proceeds of land sales $900,000 of the
bonds secured by said mortgage, and that said bonds have
been canceled. The Stock Exchange has ordered the amount
listed reduced from $14,855,000 to $13,955,000.—Kiernan.
Long Island.—The gross earnings
for the first nine months
(from Oct. 1 to June 30) aggregated $1,961,000, while in 1886 they were $1,844,150; in 1885, $1,742,309;
in 1884, $1,686,818, and in 1883, $1,625,735.
Louisville Evansville & St. Louis.—President William T.
Hart of the Louisville Evansville & St. Louis road invites pro¬
posals till Aug. 4, 1887, for $300,000 (total issue) of the first
mortgage 6 per cent 40-year gold bom's of the Huutinburg
Tell C ty & Canm lton Railroad Company of Indiana, running
from Cannelton, Ind through Tr< y and Tell City to Lincoln,
24 milts, to connect with the Louisville Evansville & St. Louis
Railroad Company, and to bear the guarantee of that company
noth for principal and interest.
Marquette Houghton & Ontonagon.—This road now belongs
to the Duluth S inh Snore & Atlantic, and for the fiscal year
ending Feb. 28, 1887, the earnings were as below stated:
of the fiscal year
,
July 30,
THE CHRONICLE.
1837.]
Iron freight
General freight
Passengers
Express
Mails
Miscellaneous
Total
earnings
1886-7.
1885-6.
Increase.
$634,702
211,783
129,592
3,781
6,081
$'31,735
$102,967
39,690
23,139
13,394
106,453
3,075
7,207
13,576
$99^.338
$834,144
556,f 14
443,998
$16*, 194
112,516
$442,824
$390,143
$52,673
Expenses..
Net
172.098
Gross earnings
706
Operating
*1,126
182
Gross earnings
rental:
v
$2,066,573 $1,887,505
Operating expenses 1,464,298 1,332,928
Gross earnings
Oct. 1 to June 30.
1886-7.
1885-6.
$4,010,711
expenses
$1,605,762
1,520,r 29
Dec. 1 to June 30,7 mos
1886-7.
1885-6.
l
1886.
$1,311,840. $8,988,571
1,545,414 8,725,078
$85,233 def.$2o3,574
7.778,32 G
8,975,67 S
$263,493 def.$l,197,35 O
mortgage bonds, series D, of the Philadelphia & Reading Railroad'
Company Intere*t will be calculated to Oct. 1, and exchanges will be
made at that date. The bonds must b« deposited by Sept 5 with tbo
Pennsylvania Company for Insurance. The company will receive them
after Aug. 8. The holder of each $1,0( 0 bond of me Pickering Valley
Company, with coupons from and including teat of October. 1994, will
receive new secut ities of the Philadelphia Si Reading as follows: New
general mortgage bonds (series A), $498; third preference Income
mortgage bonds (series I ), $373 50. This plan is approved by the com¬
mittee representing the bondholders.
The Reading’s proposition to the bondholders of the Colebrookdale
Railroad Company in substance i : The bond of the first mortgage
loan of 1868-98 of $300,000, principal and interest of which are guar¬
anteed by ihe Reading, to receive 80 per cent of the principal and ac¬
crued interest, as follows: Sixty per cent in new general mortgage 4 per
cent bonds (series A) anti 20 per cent in third preference income mort¬
gage bonds (seriesD) of the Reading; the bonds of the first mortgage
loans of 1868-98, of $135,0C0, iuterest only of which is guaranteed by
the Reading, to receive 70 per cent of the principal «rid accrued inter¬
est, as follows : 55 per cent in new general mortgage 4 per cent bonds
(series A) md 20 pt r ct nt in third preference income mortgage bonds
(series D) of the Reading, iuterest to be calculated to Dee. L, 1887.
The bonds to be deposited between Aug. 8 and Sept. 5 with the Penn¬
sylvania Company for Insurance. The holder of each $1,000 bond of
the Colebrookdale Company, with coupons from and including that of
June, 188*, will receive new securities of the Philadelphia & Reading
Railroad Company, as folows: Loan 1868 98, princi; al and interest
guaranteed series A, $708; series D, $236; freight bonds, series A,
$649 ; series D, $23o. This plan is also approved by the committee of
come
New York Lake Erie & Western.—The gross and net earn¬
ings for June and from Cl/.. 1 to June 30, were as follows,
including 68 p. c. of the earnings of the N. Y. Penn. & O.,
as
$5,855,271
Tlie bonds of the first mortgage loan of the Pickering Valley Rail
road Company, due 1900, to receive 40 p- r cent in new 4 per cent gen
eral mortgage bonds, series A, and 30 per cent in third preference in¬
stock.
June.
1887.
1880.
$734,089
Philadelphia & Rending—Pickering Valley—Col ebrook
proposition to the bondholders of th e
Pickering Valley Railroad Company is in substance as follows t-
■-
,
$927,499
dale.—The Reading’s
Nashua & Lowell.—In Boston it is reported that the lease
of the Nashua & Lowell road to the Boston & Lowell has been
amended by increasing the income to the former from 8 per
cent to 10 per cent, and with this modification the Nashua &
Lowell consents to the transfer of the lease to Boston & Maine
control. Ten per cent on the capi al stock will make the lease
being paid
6,364,i0d
June.
Net earnings....
perpetuity from Feb. 28, 1887, to the Duluth South Shore &
Atlantic Company on a guarantee of 6 per cent per annum,
payable semi-annually, on Aug. 15 and Feb, 15, on $3,278,456
new preferred stock, the lease also providing that the su»plus
netearning8 fcbove such guarantee shall be distributed among
the other 32 p, c.
5,875,939
1897.
cent dividend on the preferred stock was $65,975,
which has been retained to meet the expenditures in renewing
steel rails on a portion of the track and making extensive
repairs to the company’s docks at Marquette and L’Anse, ren¬
dered necessary on the property being taken by the lessees.
The annual report states that the compauy has been leased in
a year.
950,867
-
per
$80,000
848,412
COAL & IRON CO.
Fixed charges for the year were $326,165, leaving a balance,
after adding other income, of $122,443.
The surplus above a
common
«
$1,775,911 $1,684,956 $11,731,210 $10,375,12 0
expenses..
Net earnings
Operating
the holders of the
RAILROAD CO.
June.
,—7 mos. Dec. 1 to June 30.-*
1887.
1886.
1886-7.
1885-6.
/■
-Decrease.
534
143
*
$17,714,825 $16,223,110
12,491,311
11,620,946
$5,223,514
$4,602,164
Schuylkill Navigation—Philadelphia & Reading.—The
New York Ontario & Western.—The gross and net earn¬
following statement shows the amount of the deposits made
up to a recent date by security holders of the Schuylkill Navi¬
gation Company and the Susquehanna Canal Company under
the plan of adjustment proposed by the Reading Reconstruc¬
tion Trustees, and also the total amount of each security issued.
Net
$602,275
earnings
$554,577
ings for June and from Oct. 1 to June SOhave been obtained
for the Chronicle
as
follows
Gross earnings
Op. exp. and taxes.
.
Oct. 1 to June 30.—.
1886-7.
1835-6.
,—
1887.
1886.
$130,759
$122,286
$990,251
$1,C69,963
108,983
102,394
807,149
965,248
$21,776
Net earnings
:
June.
,
$19,892
$103,102
$104,715
Pennsylvania & Ohio—Shenango & Newcastle.
—The incomph ted Newcastle & Shenango Valley Railroad,
formerly the Newcastle Northern, has been leased for a term
of ninety-nine years by the N. Y.‘ Penn. & O., and work
will be pushed as rapidly as possible to complete the branch
New York
from Newcastle to West Middlesex, and have it connect at
that place with the Sharon Railroad, opening a new competi¬
tive lire through the length of the Shenango Valley.
Susquehanna & Western.—The coupons matur¬
ing August 1 from the second mortgage 4*4 jer cent bonds
will be paid on and after that date.
Oregon & Washington Territory.—A new road, called the
Oregon & Washington Ter. is now being built from Wallula
Junction. Oregon, an important railroad point, southwesterly
through Oregon and into Idaho. This road, which is being
built by private enterprise, will open up the wheat country of
New York
the Snake River.
The Northern Pacific, which has a branch to
Wallula, is understood to have some interest in the scheme,
though as yet no arrangements have been made for a lease.
A traffic arrangement is said to have been agreed upon.
Pennsylvania Railroad.—The gross and net earnings for
June and for six monthp, January 1 to June 30, were as
below stated.
On the lines west of Pittsburg & Erie the net
result, after payment of interest and all charges, is shown in
bondholders.
SCHUYLKILL FAVIGATION COMPANY.
Isstied.
Loan of 1872
Loan of 1882
Loan of 1895
$1,688,397
3,985,903
1,200,900
3,288,050
694 912
851,000
187,500
1,148,100
2,912,750
523,650
$12,4 59,512
$10,229,19 6
234,000
Improvement loan...
Boat and oar loans
Preferred stock
Common stock
1,378.250
Totals
SUSQUEHANNA CANAL COMPANY.
Issued.
1st mortgage preferred
1st mortgage priority
3d mortgage 6 per cent...
4th mortgage 7 per cent
Stock
Totals
Deposited,
$1,191,603
3,414,593
$227,500
97,810
1,326,000
2*0,000
Deposited.
$184,000
33,335
2,000,950
851,013
192,000
1,117,800
$3,902,260
$2,378,148
In addition to the above the holders of about $200,000 more
of the Schuylkill Navigation securities have given notice of
their intention to deposit.
Shenandoah Talley.—On August 31
the stockholders of the
Norfolk & Western will meet to ratify the lease of this road,
and within three days afterward the 1734 Per cent ca?b *or
overdue interest will be deposited for payment to the first
mortgage bondholders.
South Pennsylvania.—The Philadelphia North American
makes the following comment on the South Pennsylvania
matter: “A movement has recently been started to secure
subscriptions to what is generally understood to be a fund
for the completion of the South Pennsylvania Railroad. Most
of the original subscribers have attached their signatures to
LINES EAST OP PITTSBURG AND ERIE.
the paper that has been circulated, and the Pennsylvania
Gross Earnings.
*
/
Net Earnings.
Railroad is somewhat annoyed over the turn that the matter
1887.
1886.
1887.
i886.
January
$3,851,771 $3,421,536
$1,214,351
$951,541 appears to have taken. There is probably no intention on
February
3,988,739
3,549,475
1,380,157
1,267,604 the part of any cousiderable number of the subscribers to
March
4,410,433
3,901,955
1,435,941
1,305,780
3,862,*:17
April
4,34’.834
1,350,883
1.520,964 complete the South Pennsylvania. It is explained that the
May
4,178,580
• 4,865,040
1,841,592
1,472,702 agreement simply relieves the stock and bondholders of fur¬
June
4,911,858
4,336,101
1,561,459
1,351,133 ther subscriptions to the enterprise, they to receive stocks and
bonds for the money already paid in, which is at out 40 per
Total 6 mos..
$7,669,624
$26,370,724 $23,250,164
$.9,784,393
cent of the total amount originally contemplated.
Every
LINES WEST OF PITTSBURG A ERIE.
subscriber to the-agreement i eleases all others from further
Net surplus or deficit after payment of charges.
liability in the shape of payment of future instalments, at
1887.
1886.
Diff. in 1887
the same time obligating himself to offer the securities which
January
Sur. $222,361
Def. $133,687
Gain. $356,048 he receiv< s in lieu of payments already made,
fiist^o the reor¬
February
63,529
55,102
Gain.
118,630
Hur.
Get1.
March
Sur.
Gain.
229,816 ganized company, if it is disposed to complete the ^ine.”
Sur. 250,135
20,319
April
Sur.
38,591
87,576
Sur.
Gain.
4^,985
St. Paul & Duluth.—Respecting the propos -d sale of the
May
64,8'5 St.
I)ef. 159,032 ' Def. 222,917
Gain.
Paul & Duluth Railroad Company’s lands, it is stated that
162,127
June
Def.
55.084
Def.
Gain.
107,043
preliminary steps looking to such a result have already been
Total 611103
Gain.
$925,407- taken. It is estimated that the remaining land-} can be disposed
Sur. $410,18 4
Def. $514,923
Philadelphia & Reading.—The gross and net earnings for of to a syndicate of capitalists for a sum large enough to retire
June, and trom Dec. 1 to June 30, have been as below given. the company’s preferred stock at par. This would give the
The net earnings of both companies aggregated $1,012,732 in ownership of the road to the common stock, of which there is
June 1887, against $500,516 in June 1886; for the seven months, $4,000,0/0 outstanding, and which, with the pioposed new
issue, will amount $6,000,000,
net in 1886-7 were $6,118,764, against $2,813,361 in 1885-6.
the second table.
,
THE CHRONICLE
144
^zpovts atid ^ojctuwjcuts.
stock, equipment, lands and buildings, now owned, or
which shall hereafter be owned, for use upon said line of
railway.
MORTGAGES.
Tlie publication is continued to-day of the provisions of
some of the leading mortgages of the Chicago Milwaukee &
JSt. Paul Railway Company. In the present number an abagfcract is given of the mortgage of January 1, 1880, on the
.Eastings & Dakota Extension, of April 2,1880, on the Chicago
& Pacific Division, of July 1, 1880, on the Dubuque Division*
vpf July 1, 1880, on the Wisconsin Valley Division, of July 1,
:1880, on the Mineral Point Division, of January 1, 1881, on
Chicago & Pacific Western Division, of July 1, 1881, On
4he Wisconsin & Minnesota Division, and of July 21 on the
^Chicago & Lake Superior Division. They are arranged as
THE BOND.
ABSTBACTS OF RAILROAD
nifiiial in the order of
Six per
cent First Mortgage Bond.
Date.—April 2, 1880.
Denomination.—$1,000 each.
Amount
Authorized—$3,000.000.
Coupon or Registered—Coupon,
registered as to principal.
but all bonds of the company may be
Payable.—The interest is six per cent, payable January 1 and
July 1, at the office or agency of the company in New York.
Principal Payable.—January 1,1910, in lawful money of the United
States of America, at the office or agency of the company in New
Interest
their dates of execution.
PAUL.
TmST MORTGAGE ON THE HASTINGS & DAKOTA
EXTENSION OF THE CHICAGO MILWAUKEE &
ST. PAUL RAILWAY, TO SECURE BONDS DUE
CHICAGO MILWAUKEE & ST.
JANUARY 1. 1910.
Date.—January 1, 1880,
[VOL. XLV,
and supplemental mortgage May
1, 1886.
York.
Taxation.—The company agrees to pay all taxes
may be charged on the bonds or bondholders
State through which the railway runs.
Sinking Fund.—None.
and assessments that
of this mortgage by
aDy
Default.—Provisions substantially the same as in the con¬
solidated mortgage of 1875.
[Chronicle, V. 45, p. 86.]
Foreclosure Sale.—The provisions the same as in the con¬
solidated mortgage of 1875.
New Company.—The provisions
idated mortgage of 1875.
the same as in the consol¬
Meetings of Bondholders.—The provisions
of 1875.
the consolidated mortgage
Trustees.—The provisions
the
same as
the same as in
in the consolidated
mortgage of 1875.-
parties.—The Chicago Milwaukee & St. Paul Railway Com- FIRST MORTGAGE ON THE CHICAGO CLINTON DU¬
the first part, and the Farmers’ Loan & Trust ComBUQUE & MINNESOTA RAILROAD, THE DUBUQUE
DIVISION OF THE CHICAGO MILWAUKEE & ST.
New York, Trustee, of the second part.
PAUL,
TO SECURE BONDS DUE JULY 1, 1920.
Property Covered. (As condensed from the statement in
the supplemental mortgage, which includes all the property
Date.—July 1, 1880.
originally mortgaged, with additional specifications.) — The
Parties.—The Chicago Milwaukee & St. Paul Railway Com¬
railway extending from Glencoe, Minnesota, westerly, via pany, of the first part, and the New England Trust Company
Big Stone Lake, into Dakota, and thence westerly, via Mil- of Boston, Trustee, of the second part.
frank, to Ipswich, and the extension from Ipswich, westerly,
Property Covered.—The railroad heretofore known as the
it) a junction with the line of railway to be constructed north¬
Chicago Clinton Dubuque & Minnesota Railroad, with its
westerly from Scotland, Dakota, thence northwesterly to Bis¬ four several branches, extending from Clinton, Iowa, along
marck, and th®nce northwesterly; also, the line from Aberdeen, the west bank of the Mississippi River to Rome Junction,
Brown County, Dak., to Ellendale, Dickey County; and the ex¬ Houston
County, Minnesota, with the branch from a point on
tension thereof hereafter to be made northwesterly ; and also said
main line westerly to Preston, Fillmore County, Minnesota;
the branch from Milbank, Grant County, to a point northwest
also the branch from a point in Allamakee County on said
-of Wilmot, Roberts County ; and the extension thereof to be main
line, westerly to Waukon, and thence to Decorah, Win¬
built in a northwesterly direction ; together with all the fran¬ neshiek
County, Iowa; also the Turkey or Volga River Branch,
chises and other property, real and personal, appertaining to
extending
westerly through Clayton County to Wadena, Iowa,
.-said lines of railway; including all lands, buildings, rolling
and thence westerly in Fayette County, together with all exten¬
«tock, etc., owned or to le acquired for use on said lines of sions of said branch made or to be made by construction or
railway.
Before the issue of bonds the railway shall be purchase; also the branch from Bellevue, Jackson County,
equipped as is provided in the mortgage of the Iowa & Dakota Iowa, westerly to Cascade, Dubuque County; in all a distance
Division of 1878. [Chronicle, V. 45, p. 114.]
of about 358 miles; also all property whatsoever, both
THE BOND.
real and personal, including all rolling stock, depot grounds,
Seven per cent First Mortgage Bond.
buildings, and all franchises, etc., relating to said railroads,
§>any, of
j>any of
Dale.—January 1, 1880.
Denomination.—$1,000 each.
Amount
Authorized.—#2,560,000 for 128 miles of railway, constructed
Big Stone Lake, Minnesota, and $15,00o a mile for
now
owned
or
said railroads.
which may be hereafter acquired for the use of
Before bonds are issued the road shall be
in the mortgage of the Iowa & Dakota
with the equivalent in value thereof.
but the company registers all its bonds [Chronicle, Vol. 45, p. 114.] Part of the above is subject to the
as to principal.
prior lien of bonds amounting to $1,055,000 issued by the
Jfntertst Payable. - The interest on the first 5,680 bonds of this issue was
7 per cent. By the supplemental mortgage it was provided that
Chicago Clinton Dubuque & Minnesota Railroad.
from Glencoe to
extensions.
Coupon or Registered.-Coupon,
as provided
Division of 1878, or
equipped
.
the interest of subsequent issues should be 5 per cent. It is payable
January and July 1, at the offite or agency of the company, in
New York City.
MPrincijml Payable.— Jat nary 1, 1010. in lawful money of the United
States of America, at the ollice or agency of the company in New
York city.
Taxes.—The company agrees to pay all taxes and assessments on bonds
or bondholders charged by any State through which the railway
runs.
^Sinking Fund.—None.
Default.—The provisions are substantially as given in the
[Chronicle, V. 45, p. 86.]
Foreclosure Sale.—Provisions the same as in the consoiidated mort gage of 1875.
New Company.—Provisions the same as in the consolidated
mortgage of 1875.
Meetings of Bondholders.—Provisions the same as in the
-consolidated mortgage of 1875.
Trustees —Provisions the same as in the consolidated
mortgage of 1875.
-consolidated mortgage of 1875.
*
the bond.
Six per
Date— July
cent First Mortgage Sinking Fund Bond.
1,1880.
Denomination.—1,000 each.
Amount Authorized.—$6,500,000, which may be in> reaped at the rate of
$15,000 per mile for sections of ten miles each of railway hereafter
constructed or purchased free from incumbrances in extension
of the Volga or Turkey River branch, so as to make a continuous
line from Wadena. Bonds of this Fsue to the amount of $1,100,CO?
shall be deposited with the trustee and held for exchange for
bonds constituting the aforesaid lien, such exchange to be made
the"
“ at
exceeding $1 0425 of these bonds per dollar of the bond9
outstanding,” or said bonds may be sold and tlie proceeds used
for the purchase of said bonds so now outstanding at a rate not ex¬
ceeding that herein named for the exchange of said bonds.
Coupon or Registered— Coupon, but may be registered as to principal.
Interest Payable— The interest is 6 per cent per annum, payable Janu¬
ary 1 and July 1, at the office of the Company in New Yoik City.
a
rate not
so
Principal Payable.—The principal is payable July 1, 1920, in lawful
money of the United States of America, at the office of the Company
in New York
City.
Sinking Fund.—On and after July 1, 1885, one per cent of the whole
amount issued, shad be applied annually to the purchase of these
bonds at not over 103; or if these cannot be had tlie fund may at
option be applied to the purchase of other six percent first mort¬
ON THE CHICAGO & PACIFIC RAIL¬
gage bonds of the company not under par.
ROAD, MADE JOINTLY BY THE CHICAGO MIL¬
Default.—In case of the default of interest for six months,
WAUKEE & ST. PAUL RAILWAY CO., AND THE
the principal of all the bonds secured hereby shall become
CHICAGO & PACIFIC RR. CO., TO SECURE 6 PER
immediately due.’’ All other provisions substantially as in
CENT BONDS DUE JANUARY 1, 1910.
the Southern Minnesota division mortgage of 1880.
[Chron¬
Date.—April 2, 1880.
icle, Vol. 45, p 114.]
*
Parties.—The Chicago Milwaukee & St. Paul Railway Com¬
Foreclosure Sale.—In case of the sale of the property under
the
foreclosure of this mortgage, and in case the holders of a
Chicago
first
pany and
& Pacific Railroad Company, of the
part, and the Farmers' Loan & Trust Company of New York, majority of the bonds shall in writing request the trustee so to
Trustee, of the second part.
act, the trustee is authorized to purchase said property for the
Property Covered.—The entire franchises and property, benefit of the bondholders. In the event of purchase, as
real and personal, of the Chicago & Pacific Railroad, extend¬ aforesaid, the title to the said property shall vest in the trustee,
ing from Chicago, by way of Elgin and Byron, to a junction and he may organize a new company upon such terms as the
with the Racine & Southwestern Division of the Chicago holders of a majority of the bonds may direct.
Trustees.—Any vacancy in the office of trustee “may be
Milwaukee & St. Paul Railway at Freeport; also, at or near
.Fanark, and from thence to the Mississippi River, includ¬ filled by appointment of the party of the first part, concurred
ing the bridge across said river at Sabula, Iowa, and all rolling in by a majority of the bondholders” in writing ; and should
this method prove impracticable, application may be made by
*[T1h' Chicago Milwaukee & St. Paul Railway Company and the Chi- the surviving trustee, or, if the trust be wholly vacant, by
*cago A Pacific Railroad Company “jointly and severally promise to
holders of bonds to the amount of $100,000, to any court of
I>ay ” the principal and interest J
FIRST MORTGAGE
“
in
THE CHRONICLE.
1887.]
July 30,
■
■
i»
■
■
■■
■
i
—-
■
145
■
Foreclosure Sale.—In case of the sale of the property under'
competent jurisdiction for said appointment; and, upon such
the
foreclosure of this mortgage, and in case a majority of
of
the
said
bondholders
application, a majority in interest
the bondholders shall in writing request the trustee so to act*,
shall be entitled to nominate the person to be so appointed.
the trustee is authorized to purchase said property for the*
In the event of purchase aftbenefit of the bondholders.
MORTGAGE ON THE WISCONSIN VALLEY DIVISION aforesaid the title to the
property
shall vest in the trustee, andt
OF THE CHICAGO MILWAUKEE & ST. PAUL RAIL¬
he may take measures to organize a new company upon such,
WAY TO SECURE BONDS DUE JULY 1, 1920.,
terms as the holders of a majority of the bonds may direct.
Date.—July 1, 1880.
Few Company.—Provisions the same as in the consolidated
Parties.—The Chicago Milwaukee & St. Paul Railway Com¬ mortgage of 1875. [Chronicle, V. 45, p. 80.]
pany,
of the first part, and the New England Trust Company
of Boston, Trustee, of
the second part.
Tiustees.—Provisions the
sota Division
same as
in the Southern Minne¬
[Chronicle, V. 45, p. 114.]
Properly Covered.—The railroad heretofore known as the
Meetings of Bondholders.—Provisions the same as ir*
Wisconsin Valley Railroad, extending from Tomah, Monroe
the mortgage of the Southern Minnesota Division of 1880..
County, to Jenny, Lincoln County, in Wisconsin, a distance of
about 107 miles, together with all extensions hereafter made, [Chronicle, V. 45, p. 114.]
either by construction or purchase; and all “ property what¬
FIRST MORTGAGE
ON THE
CHICAGO & PACIFIC
soever, both real and personal,” including all rolling stock,
WESTERN DIVISION OF THE CHICAGO MILWAU¬
buildings, franchises, etc., now owned or which may be here¬
after acquired for the operation of said railroad ; subject to
KEE & ST. PAUL RAILWAY, TO SECURE BONDS''
the prior lien of 7 per cent bonds issued by the Wisconsin
DUE JANUARY 1, 1921.
,
Valley Railroad Company to the amount of $1,109,745, due
Date.—January 1, 1881.
1909.
Before bonds are issued the road shall be equipped with
Par
ies.—Tlie Chicago Milwaukee Sz St. Paul Railway Com¬
rolling stock as provided in the mortgage of the Iowa & Dakota
Division of 1878, or with the equivalent in value thereof. pany, of the first part, and the Farmers' Loan & Trust
Company of New York, Trustee, of the second part.
[Chronicle, V. 45, p. ill.]
THE BOND.
Property Covered.—The railway, with its bridges, etc.,.,
extending from a point on the. Mississippi River opposite
Six per cent First Mortgage Sinking Fund Bond.
Dubuque, across tlie river, westerly to Farley, Iowa, anil
Date. —July 1, 1880.
thence by way of Marion to the Missouri River at Council
''Denomination.—$ 1,000 each.
Amount Authoriz d
$1,700,000, which may he increased at the rate of Blulfs, with a branch across said Missouri River, westerly, in
mortgage of 1880.
—
$15,000 per mile, of railway constructed of' purchased, free from in
cumhranees; a sullieiont amount of the above f'liall be held, or sold
and. tiie proceeds held to retire $41,340 of income bonds issued hy
the Wisconsin Valley Company.
Coupon or ltcyistired.— Coupon: but may be registered as to principal.
Interest Payable.—The interest is(> percent per annum, payable January
1 and July 1, at the of lice of the company in New York City.
Principal Fin/obtc.—The principal is payable July 1, 1020, in lawful
money of the United States of America, at the olliec of the company
in New York City.
Sinking Fu>'d.-Provisions the same as in the mortgage of the Chicago
Clinton Dubuque & Minnesota Railway of IS=0’above.
Nebraska
and
:
with branches from said main line to Des Moines
Marshalltown, in Iowa: with another branch to Sioux
City, Iowa, and thence by Yankton to Running Water and
the Missouri to
Niobrara, Nebraska, and thence*
westerly : and also from Yankton northerly to Mitchell ami
thence northerly: and also from Elk Point Junction, Iowa,
northerly to a point near Milbank, Dakota: with the branch
from Eden, on said line, to Rock Valley, in Iowa, and thence
northerly into Minnesota ; and also from Fiaiclreau, Dakota,
westerly; also from Perry by Webster City to Mason City, in,
Iowa; and from Marion, in Iowa, southwesterly by way of"
across
Default.—In case of default of interest for six months, “the
principal of all the bonds secured hereby shall become imme¬ Ottumwa
to and across the Missouri River in Missouri: as well,
diately due.” All other provisions in case of default are sub¬
the railway constructed as that hereafter to be constructed or*
stantially as in the Southern Minnesota Division mortgage of
purchased, and all
property whatsoever,- both real and per¬
1680.
[Chronicle, V. 45, p. 114.]
sonal.” including aU rolling stock and equipment now owned
Foreclosure Sale.—In case of the sale of the property under
or which may hereafter be acquired, for the operation of said
the foreclosure of this mortgage, and in case the holders of a
railway, together with all franchises, titles, etc. : subject to
majority of the bonds shall in writing request the trustee so prior liens amounting to $1,814,000 oir.178 miles of completed
to act, the trustee is authorized to purchase the same for the
road, to be canceled and replaced, dollar for dollar, by bonds
benefit of the bondholders. In the event of purchase, as afore¬
of this issue, a sufficient amount of which were reserved for
said, the title to the said property shall vest in the trustee, this
purpose.
Before bonds are issued on new railway it shall
and he may take measures to organize a new company upon
be equipped as provided in the mortgage of the Wisconsin &
such terms as tlie holders of a majority of the bonds shall in
Minnesota Division of 1881.
[See below.]
writing direct.
THE BOND.
Trustees.—Provisions for appointment, tlie same as in the
Foitv-year live per cent Gold Bonds.
Dubuque Division mortgage of 1880 above.
Pate.—January 1, U 81.
Pcuominati
FIRST MORTGAGE ON THE MINERAL POINT DIVISION
OF THE CHICAGO MILWAUKEE & ST. PAUL RAIL¬
WAY TO SECURE BONDS DUE JULY 1, 1910.
Date.—July 1* 1880.
Parties.—The Chicago Milwaukee & St. Paul Railway
pany, of the 1 iist part, and the Farmers' Loan & Trust
pany of New York, Trustee, of the second part.
Com¬
Com¬
Property Covered.—The railroad heretofore known as the
Railroad, extending from Warren, Jo Daviess
County, Illinois, to Mineral Point, Iowa County, Wisconsin,
with a" branch from Calamine, Lafayette County, to Platteville, Grant County, Wisconsin, about fifty-one miles of con¬
structed road, together with the extensions of said road here¬
after to be made, either by construction or purchase, as fol¬
lows: First—from Mineral Point to Sparta, in Wisconsin;
second—from a point on said Mineral Point Railroad easterly
o Monroe,
and westerly to Dubuque; third—from Platteville westerly to some point or points on the Mississippi River;
fourth—from Warren southerly to Lanark, Illinois; fifth—
from a point at or east of Gratiot to Freeport.
Including in the above all “ property whatsoever both real
and personal,” with all rolling stock, buildings, franchises,
&c., now owned or which may hereafter be acquired for the
operation of said railroad. Before bonds are issued the road
shall be equipped with rolling stock as provided in the mort¬
gage of the Iowa & Dakota Division of 1878, or with the
equivalent in value thereof. [Chronicle, V. 45, p. 114.]
Mineral Point
THE BOND.
cent First Mortgage Bond.
Date.—July 1, 1880.
Denomination.—$1,000 each.
Amount Authorized.-$ 1,200,000 on above lines in operation, and $20,000 per mile of railway hereafter constructed or purchased, free
from incumbrances; but no bonds shall be issued on the extension
from Mineral Point to Podgeville.
Coupon or Registered.—Coupon; but may be registered as to principal.
Interest Payable.—The interest is 5 per cent per annum, payable Janu¬
ary 1 and July 1, at the office of tlie company in New York City.
Principal Payable.—Tlie principal is payable July 1. 1910. in lawful
money of the United States of America at the office of the company
In New York City.
JSifi7;ing Fund —None.
Five per
oi.—
$1,000 each.
on 210 miles of road air. ally cooroad tube constructed or purchased,
and equipped as provided; $f>oo.ooo each for tin; bridges, when
completed, across the Missouri River at Omaha, and across the
Mississippi at Dubuque (but less if the bridges cost less); and not
exceeding $3,000,000 in all for rolling stock purchased in addition
to the amount prescribed p» r mile, ami $8,000 per mile of second
track, if such be built.between Marion and tlie Missouri River.
Coupon or Registered —• .'onnon ; but may bo registered as to principal.
Interest Payable.—'The inti rest is 5 per cent, payable January 1 anil
July 1, in United States gold coin of the standard of 1874, at the
office of the company in New York City.
Principal Payable.—January 1, lt)_l, in like gold coin and at tho same
Amount Authorized.—&-1,200,000
si nu-ted, $20,000 per mi e of
place.
Default.—The provisions in case of default substantially the
same as in the mortgage of tlie Southern Minnesota Division,
of 1880.
[Chronicle, V. 45, p. 114.]
Foreclosure Sale.—In case of tlio sale of the property under
the foreclosure of this mortgage, and in case the holders of a
majority of the bonds shall in writing request the trustee so
to act, the trustee is authorized to purchase said property for
the benefit of the bondholders.
In the event of purchase, as
aforesaid, the title to the said property shall vest in the trus¬
tee, and he may take measures to organize a new company
upon such terms as the holders of a majority of the bondsmay direct.
1 rustees.—The provisions substantially the same as in theDubuque Division mortgage of 1880, above.
FIRST MORTGAGE ON THE WISCONSIN &
MINNESOTA,
OF THE CHICAGO MILWAUKEE & ST.
PAUL RAILWAY, TO SECURE FIVE PER CENT GOLDBONDS DUE JULY 1, 1921.
DIVISION
Da te.— July
1, 1881.
St. Paul Railway Com¬
the Farmers’ Loan & Trust Com¬
of the second part.
Property Covered.—The railway extending from Austin,.
Minnesota, northeasterly by way of Rochester to the Missis¬
sippi River near Wabasha, with a branch to Zumbrota, and!
thence to a point on the Hastings & Dakota Division nearFarmington; and from said point, near Wabasha, across said.
Default —Provisions the same as in the Southern Minne¬ Mississippi River, northeasterly to Eau Claire and uhippewaFalls, and thence easterly, with the branch running north—
sota Division mortgage of 1880. [Chronicle, V. 45. p. 114.]
Parties.—The Chicago Milwaukee &
pany, of the first part, and
pany of New York, Trustee,
THE
146
CHRONICLE.
erly, from a point near the mouth of the Red Cedar River
northerly to Menomonee, and thence by way of Rice Lake
northerly.
Also from a point on said line in Wisconsin
northwesterly through the counties of Pepin and Pierce to
River Falls, and also to a point on the St. Croix River near
Prescott, and across said river to a junction with the river
division of the railway, opposite Hastings, Minnesota, and
thence by St. Paul across the Mississippi River to Minneap¬
olis, including the bridge across the river and the branch of
the railway along the east bank to St. Anthony.
Also from
the said crossing of the St. Croix River to Still Water and
thence northerly; as well the railway on said lines con¬
structed as that hereafter to be purchased or constructed,
including all “ property whatsoever, both real and per¬
sonal, pertaining to said lines of railway;” including all roll¬
ing stock now owned, or hereafter to be acquired, and all fran¬
chises, &c. Before bonds are issued on any railway it shall
be ‘* equipped witli rolling stock at the rate of five locomo¬
tives, two passenger cars, one hundred and twenty box,
freight or stock cars, and twenty flat cars, or their equiva¬
lent in value for each and every hundred miles of railway.”
THE BON
First Mortgage forty-year 5 per cent Gold Bond.
Date.— J uly 1, 1881.
Denomination.— *1,000 eat h.
Amount Authorized.—$600,004 on the portion of tbo railway in operajw, tiou from St. Paul to Miuneapolis with t'ie bridge across the Mis¬
sissippi Rivt-r, including the branch railway to St Anthony; $20,on each mile of railway constructed, or purchased free from
mortgages, and equipped as provid* d, and not exceeding the cost of
the structures, a.id not more than $250,000 for the bridge across
the Mississippi Kiver at Wabasha, aud not more than $l0o,000 for
the bridge across the 8t. Croix River at Prescott.
Coupon or lieuisttred.—Coupon; but maybe registeredas to principal.
Interest buyable.—The interest is 5 per cent per annum, payable Januiiv ary 1 and July l, iu United Stares *iold coin of the standard of 1874,
at the oilice ot the company iu New York City.
JPrineipuL Payable.-July 1, 1921, “in United Slates gold coin of the
standard of 1874,” at the oilice of the company in New York City.
Sinking Fund.—None.
Ooo
Default.—Provisions substantially as in Southern Minne¬
dated January 1, 1880. [Chronicle, V. 45,
P- 114.]
Foreclosure Sale.—Provisions the same as in the Chicago
•& Pacific Western Division mortgage, given above.
Trustees.
Provisions substantially the same as in the
Dubuque Division mortgage of 1880, above.
sota mortgage,
—
[Vol, XLV,
Commercial jinxes.
COMMERCIAL
The weather has been
EPITOME.
Friday Night, July 29, 1887,
hot this week as to discourage
so
physical effort so far as it could be avoided, and the effect is
quite apparent in all business circles. Violent storms caused
freshets in rivers and mill streams in New England and else¬
where that did much damage to mills and bridges and greatly
impeded railroad transportation. Accounts from the growing
crops are generally favorable, and recent rains
much good in the nearer trans-Alleghany region.
in financial circles extended to the
Depression
mercantile exchanges, and
nearly all staples the speculative
in
have done
spirit has not been ani¬
mated.
speculation in lard futures has been dull, but there is no
prices. Lard on the spot has also moved
slowly, and there are but slight and irregular changes in
prices, closing at 6 60c. for prime city, 6*90@6 95c. for prime
to choice Western, 7* 10c. for refined to the Continent and
The
material decline in
7’50c. for refined to South America.
DAILY CLOSING PRICES OF
Saturd’y.
Aug. deliv’y
8epL
“
October
Nov.
“
“
January “
..
6*91
..
7*01
..
..
..
7-05
6-86
6*91
LARD FUTURES.
Monday.
Tuesday.
6 92
7*02
7-05
6-86
6*91
0 90
7 00
703
6-80
0-89
Wedns’y. Thursd’y.
6-90
700
7*03
6-85
6*87
0-89
7 00
7-04
6'85
087
Friday,
6-90
700
7 05
6-80
0-86
Pork has ruled quite firm, but closes quiet. Old mess, $15 25
@$15 50; new do., $16 25@$16 50; prime, $14 25@$14 50, and
clear, $10@17 25. Cutmeats have been dull and drooping;
pickled bellies 8%@9i£c., shoulders 6%c. and hams 12}£@
12J^c.; smoked shoulders 73<£@8c. and hams 13c. Beef re¬
mains nearly nominal.
Beef hams lower at $19 50@$20 per
bbl. Tallow easier and dull at 3 ll-16@3^c. Stearine is quiet
at
8^s@83^c.
Oleomargarine dull at 6]^c.
Butter is again
higher at 17@23c. for creamery and 15@20c. for State dairy.
Cheese has been variable, closing dull at 9@ 10}^c. for State
FIRST MORTGAGE ON THE CHICAGO & LAKE SUPE¬
The swine slaughtered at the principal
RIOR DIVISION OF THE CHICAGO MILWAUKEE factory, full cream.
Western towns, March 1
to July 27 numb-red 3,470,000,
& ST. PAUL RAILWAY, TO SECURE BONDS DUE
] JULY 1, 1921.
against 3,490,000 same time last year.
The following is a comparative summary of the aggregate
Date.—July 21, 1881.
Parties.—The Chicago Milwaukee & St. Paul Railway Com¬ exports from November 1 to July 23.
1886-7.
1885-6.
pany, of the first part, and the Farmers' Loan & Trust Corm
Pork, lbs
31,034,800
32,004,400
Deo.
969,600
pany of New York, Trustee, of the second part.
Bacon, &c., lbs
332.467,419
305,252,107 Dec. 32,784.688
232,185,873
211,949,252 Inc. 17,236,621
MProperty Covered.—All the following railways of the com¬ Lard, lbs
pany, with their fixtures; That extending from Madison, Wis¬
The speculation in Rio coffee has been quieter, an upward
consin, northerly to Portage City, and thence northerly ; and
tendency being followed by some depression, closing with
that from Madison, southerly, to Edgartown, Rock County,
sellers
at 17 G5@18*15c. for summer and autumn months, and
and thence southerly by Janesville and B-loit, in Wisconsin,
to Rockford, Illinois, and thence southeasterly to Braceville,
18‘20@ 18‘35c. for the more distant options. Coffee on the spot
Grundy County, and thence easterly to the eastern boundary has not been active, and closes dull at 20c. for fair cargoes
of Illinois, and also from some point on said line southerly to
Rio, with mild grades quite neglected.
Mendota, Illinois; also that extending from Chicago, northerly,
Riw sugars have been quieter, and close somewhat nominal
through Evanstown to Libertyville, Lake County, and thence
ai r refining Cub i and 5 5-16c. for centrifugal,
northwesterly to the State line at Genoa, and thence north¬ at 4 9erly by Geneva and Elkliorn, in Walworth County, and Eagle, 96 deg. test. Refined sugars are scarcely so firm. Molasses
Waukesha County, and Iloricon, Dodge County, to Winnenominal at 18^c. for 50 deg. test. Teas are rather quiet.
conne, Winnebago County, and thence northerly into Michi¬
Spirits turpentine declined to 3lc., leading to an active
gan and to Lake Superior, with the several branches of said
line to the iron and
Rosins are steady at
copper mines of Michigan and Wisconsin, business, and a recovery to 31]^@32c.
and to the waters of Lake.Michigan; as well the railway now
$1 02i£@$l 10 for common to good strained. Crude petroleum
constructed as that hereafter to be constructed or purchased,
certificates were crowded down to 54c. from which there was
and all “
property whatsoever both real and personal,” includ¬
a smart recovery, and the close this afternoon is at 56%c,
ing all rolling stock and equipment, now owned, or which may
hereafter be acquired for the operation of said railway, toge¬
Kentucky tobacco has been active, the sales amounting to
ther with all franchises, titles, etc.
Before bonds are issued 950 hhds., of which 400 lihds. were for export. Prices are
the road shall he equipped as provided in the mortgage of the
i^c. dearer; lugs are quoted 4;'}4@6J4C. and leaf 63>2@15KCi»
Wisconsin
Minnesota Division of 1881 above.
with selections up to 17@18c.
Seed leaf in rather better de¬
THE BOND.
mand ; sales for the week are 1,180 cases, as foTows: 500
First Mortgage forty-year 5 per cent Gold Bond.
cases, 1886 crop, New England, 1234@14c.; 180 cases, 1885
Date,— J illy 1, 1881.
Denominat ion.—$ ROOD each.
Authorized.—$1,360,000 on 68 miles of road already con¬
structed, and $2<>,<h 0 per mile of road to be constructed, leased or
purchased, free from mortgages, and equipped as above provided.
Coupon or Registered. -Coupon; but may be registered as to principal.
Interest Payable.—'The interest is 5 per cent per annum, payable Jan¬
uary 1 and July 1, in United States gol t coin of the standard of
1874, at the office of the company iu New York City.
Principal l’ai/ablc.—ToQ principal is payable July 1,1921, in “United
States gold coin of the standard of 1874,” at the office of the com¬
pany in New York City.
Amount
Pennsylvania Havana seed, 10@22^c.:. 200 cases, 1880-85
crops, Pennsylvania seed leaf, 12@16c.; 150 cases, 1884-85
crops, Little Dutch, 10}£@ 14c., and 150 cases sundries, 7@
crop,
28c.; al-o 400 bales Hivana,
tra, $1 3o@$l 55.
Metals have been dull, but
60c.@$l 05, and 200 bales Suma¬
block tin is firmer at 23%c. on
22’80@23c. for futures. Ingot copper
is dull at 10K@105s'c. on the spot, but futures are held a frac¬
Sinking iund.—None.
Lead is dull at
closing
Default.—Provisions substantially the same as in the South¬ tion above these figures.
ern & Minnesota Division mortgage of 1880 [Chronicle, V.
weak.
Spelter nearly nominal at 4%@4%c.
45, p. 114.]
Ocean freights have been dull in tne shipment of grain, but
Foreclosure Sale.—Provisions the same as in the Chicago &
rates are well mbintained; Liverpool 3d. and London 3]4d. and
Pacific Western Division mortgage, given above.
Trustees.—Provisions substantially the same - as in the nominal; business to-day was at_3to Hull and 8c. to Am¬
Dubuque Division mortgage of 1880 above.
the
spot for Straits and
sterdam.
THE CHRONICLE
July 30, 1887. J
COTTON.
147
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
f
us
Friday^ P. M., July 29, 1887.
The Movement of the Chop, as indicated by our telegrams
from the South to-ni^ht, is given below.
For the week ending
evening (July 29), the total receipts have reached 2,581
bales, against 3,295 bales last week, 4,600 bales the previous
week and 1,261 bales three weeks since; making the tota
receipts since the 1st of September, 1886, 5,204,679 bales, against
5,298,672 bales for the same period of 1885-86, showing a de¬
crease since September 1, 1886, of 93,993 bales.
fchi«
Mon.
Sat.
Receipts at—
Savannah..
....
....
mmmm
....
....
Charleston
mmmm
• •••
Moreh’d C.<feo.
mmmm
Royal, &o.
Wilmington....
.
.
.
2
.
3
1
....
Pt.
16
8
4
....
.
.
247
....
....
.
8
1
....
Brunsw’k, <fec.
104
1,263
1
mmmm
.
....
....
567
Mobile
Florida
•••
•
•••
•
121
16
29
20
51
10
Galveston
Indlanola, <&o.
New Orleans...
Total
Fri.
Thurs.
Wed.
Puss.
7
86
2,035
4
3
9
....
....
2
Norfolk
m mm
•
....
30
....
.
...
....
....
•
•••
....
5
Ill
....
102
.
.
•
.
.
•
•••
•
....
7
....
....
51
•••
....
....
....
....
....
16
....
....
....
....
....
....
.
10
6
....
West Point,<feo
....
42
.
.
....
....
....
.
.
.
.
New York
mmmm
....
....
....
....
Boston
mmmm
mmmm
....
•
•
Baltimore
mmmm
mmmm
....
....
....
....
8
9
64
138
Philadelp’a, &o.
9
Totals this week
593
191
1,324
•••
•••
.
•
•
•
•
•
•
•
56
56
—
26
....
2,581
271
give the following table showing the week’s
For comparison, we
total receipts, the total since Sept. 1,1886, and the stock to-night,
and the same items for the corresponding periods of last year.
Galveston...
Since
This
Since Sep.
This
Week.
1,1386.
Week.
247
Srp.
1,1885.
2,384
1,662 1,726,542
58
246,853
1
50,164
46,640
16,291
S29
3,944
635
797^600
1,129
5,621
1,817
891
4,170
9
16,252
501,189
14,476
12
101,159
587
597
2,554
3,096
696,787
781
2,035 1,727,509
9
213,410
30
23,167
794,691
Mobile
Florida......
Savannah.
..
Br'sw’k, &o
Charleston
..
31,731
368,203
19,212
134,733
3,839
532,138
111
Pt.Royal,&o
Wilmington
51
.
M’head C.,&o
16
Norfolk
W.Point, <to.
••••.•
New York...
Boston
3
324.071
39
96,802
105,358
141
7,821
562,231
284,506
56,312
1,285
120,613
3,000
62,173
472
52,913
16,500
168,752
7,910
9,933
12,066
9,060 5,298,672
192,058
234,767
335
Baltimore...
56
64,497
974
Philadel’a,&o
26
58,355
1,961
2,581 5,204.679
Total
1886
1887.
1,677
131
706,933
Ind’nola,<feo
New Orleans.
Stock.
1885r86.
1886-87.
Receipts to
July 29.
••••••
118,279
Receipts at—
1886.
1887.
130
152
1,637
334
1,662
291
313
1,963
583
58
57
25
107
107
635
28
122
190
427
111
1,826
136
127
332
68
51
12
....
9
97
142
16
335
118
123
175
578
131
6
3t5
Galvest’n.&o.
247
131
New Orleans.
2,035
9
30
Mobile
Savannah
...
Charl’st’n, <feo
Wilm’gt’n, &o
Norfolk
W.
Point, &e.
All others
—>
39
mmmm
....
82
4,362
1,828
3,281
2,567
2,211
2,581
9,060
2,588
4,283
7,064
4,815
...
Tot. this w’k.
we
1882
1883
1884.
1$85.
Slnoe Sept. 1. 5201,679 5298,672 4723,913
Galveston includes Indlanola;
Charleston includes Port Royal, &e.a
City Point, a o>
ending this evenmg reach a total
of 22,145 bales, of which 15,597 were to Great Britain 2,260
to France and 4,283 to the rest of the Continent. Below are
The exports for the week
Great
BriVn. Trance
Galveston
New Orleans
From Sept. 1,1886, to
29.
CcntU
Tjtal
nent.
Week.
..
......
..
5,551
......
2,547
Mobile
.....
Flcr'.da.
......
.
8,098
......
1,700
13,500
404,715
41
517
145.101
00.073
...
Philadelp’a, Ac
Total
Total 1886-8e
2,200
£00
Boston.
Baltimore.
....
9.540
New York
255,540 30,352
746,830 319,002
40307
320,220
07.078
Norfolk
West Point,Ac
Great
Britain. France
233,1£9
90,453
90,823
Savannah
Charleston ...
Wilmington...
52,703
......
15.597
2,2-0
18,072
001
July 29,1887
Exported to—
Exported to—
Exports
from—
Sew Orleans
5,071
Mobile
Charleston
None.
None.
None.
None.
None.
Conti¬
nent.
T0U.
104,000
800,798
243,960
143,200
10,857
7,900
2,150
8,000
8,406
42.572
241,202
8,750
2,433
28,889
•
.
..
8,219
495,767
277,028
1O9,04(.
830,120
108,234
778,^89
147,594
133,712
50,012
2,070,320 474,300 1,108.626 4,319,246
4,283
22 145
3,519
22,222 2,540,948 408,465 1,285,053
6,483
None.
None.
None.
None.
None.
None.
None.
9,871
ICO
3,400
16,233
10,952
4C0
3,546
4,569
4,450
Total 1887
Total 1886
Total 1885
40,157
329
891
1,179
1,677
2,554
,
110.979
7,800
1,000
19,559
1,412
14,783
177,275
1,253
22,455
18,995
212,313
195,4 99
47
The
speculation in cotton for future delivery at this market
fairly active for the week under review, but the
course of prices was quite unsettled, developing at times some
irregularity, as between this and the next crop. On Saturday
the heat and the half-holiday caused an almost complete
desertion of the Cotton Exchange after the first call.
On
Monday the market opened panicky, but the decline in this
has been
crop was fully recovered; on Tuesday, however, this crop was
lower and the next dearer through manipulation to squeeze
Southern operators
who had been selling freely, putting out
and. at the close some pressure was
July contracts, which was more conspicuous on
Wednesday, when there was an advance “along the w hole
line.” Yesterday there was a material decline in the next
crop, the bull movement of the previous day getting no sup¬
port from any quarter.
To-day August options declined §4
points and the n^xt crop was much dtpressed. Liverpool de¬
clined 4-64ths(25-64thsand adjourned to the 2d August, in view
of which, and the favorable crop reports, there was a heavy
selling movement. Cotton on the spot was without quotable
change and the demand mainly for home consumption, until
to-day, when there was a decline of 3- 16c., middling uplands
closing at 10 3-16c.
The total sales for forward delivery for the week are 633,800
bales. For immediate delivery the total sales foot up this week
2,738 bales, including 50 for export, 2,688 for consumption,
for speculation and — in transit.
Of the above, — bales
were to arrive.
The following are the official quotations for
each day of the past week.
full lines of contracts,
shown in
—
ITIon Tne* Sat.
July 29.
8at.
Ordln’y.fMb
Scrlot Ord..
7%
8*4
7%
8*4
Good Ord..
93ie
98a
93a
Bcr.G’d Ord
9316
4,240,406
778
77s
77r
7%
8^8
8*
83s
83s
8*%
8%
93ie
9%
9*16
93ie
95,6
9%
1018
9B1S
95,«
93*
10*8
10
Middling... 1030
Good Mid.. 10%
Str.G’d Mid 107«
Midd’g Fairing
1038
10%
1078
11*4
1038
1038
1078
11*4
11 78
1170
1178
9%
10*8
9%
10*8
11
11
11
11
11
11
113s
1138
1130
113a
12
12
12
12
1130
12
12
Wed
Th.
73*
8%
9»16
9%
7%
^9i0
8*16
77a
77a
83s
83a
7Hl6
83i«
9
9518
9°i«
9*8
97ie
9%
10
lb316
1030
10 •"•a
1178
9l31rt
10*8
9%
101a
107s
lOliift
11
11
11 *4
lUie
113s
113a
1178
111*16
12
12
Sat.
STAINED.
7%
lh.
8^,6
Wed
93s
9&,6
9%
99,6
915,6 10^8
1018
103,6
10
Middling...
7i*
8316
10
7i*
83,6
9%
7i*
91*
10
10
Frl.
83s
711,3
83,3
95,6*
P%
10%
9%
99,3
91B,a
105,6 10%
101*
10%
11
1013,6 11
H3i6 113s
1113,* 12
11%
Th.
77a
1130
12
IHon Toes Wed
9*8
.......
.
Frl.
105l8 10&16
10%
103,6 101*
10316 10%
10%
109,6 10%
107,fi 10%
10
Good Ordinary....
Strict Good Ordinary
105,a 105,3
101*
101*
10%
10%
101*
10%
Frl.
1
9%
10i«
101*
10%
Th.
9316
9%
7*9
10%
10%
10%
10%
Wert
Low Middling....
95,6
9%
10%
103i6 lO^ig 106ie 105,6 105,6 105,6
Low Midd’g 10
Str.L’w Mid I03lg
Middling... 1030
Good Mid.. 1050
Str. G’d Mid 1078
Mtdd’g Fair 11*4
Fair
non Toil
Sat.
770
10
Ordin v.« t>
Scrlot Ord..
Good Ord..
Str. G’d Ord
Mon Toes
7%
8*4
L »w Midd’g 10
8 r.L’w Mid 103,«
Fair
TEXAS
NEW ORLEANS.
UPLANDS.
Til.
7i*
106,3
10013
lOl^a
ll3is
Frl.
76,S
83,6
8
9%
8,Bia
9*3ia
10
i
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement.
For tne con¬
venience of the reader we also add a column which snows at a
glance how the
*j
market closed on same days,
BALES OF SCOT AND TRAN8IT.
SPOT MARKET
closed
40,807
18,048
1,412
None.
3,400
Stock.
Total.
None.
None.
None.
None.
None.
None.
3,800
1,000
Other ports
377,654 1,444.442
43,000
Foreign
None.
None.
None.
None.
None.
None.
Savannah
Galveston
Norfolk
New York
Leaping
Ooasttoise.
Other
None.
None.
None.
None.
None.
None.
-100
week and since September 1, 1886,
Week Ending July
France.
Britain.
4805,767 5940,554 4661 024
Wilmington includes Moreh’dCtty,&o.; West Point includes
the exports for the
Great
••••..
be made with other years,
give below the totals at leading ports for six seasons.
In order that comparison may
July 29, AT—
Shipboard, not cleared—for
mmmm
'
••••
On
Easy
Quiet and steady
Quiet
Steady
Sat
Mon
Tntw
Wed
Thnrn
Fn
Quiet
Easy ® 3j6 dee..
Ex-
'•
port,
...J
338
50
215
478
...J
....!
768
....;
66i
fin
The dally
Con-1 Spec- Transump' ut’l’nj sit.
228
....
2.6881
....
Sales.
Deliv¬
eries.
348 27,6‘‘0
215 160,^>00
528
99,400
768 89,3* O
228 106.200
661 119,900
2,738
300
200
400
900
633.300:
actually delivered the day
whien tbey are reported.
The Sales and Prices of
ng
....
deliveries given above are
.reviou* ro that on
....
....
Total.
FUTURES.
comprehensive table.
'
Futures are shown by thefollow..
lb-." l
CHRONICLE.
THE
148
g
53
2^23
p Q,
WM
® o ® ®
® «
S'aff.®
® ffi Oi
S-® ffi Pj
P ffi - SB
B®
ffi ® ®
Qj
B
aSiS
o
g-SSF
??SS? *«o?
£• c_i
t&f
i
M1©
P OV5
•
ec
•
^
p--c
®
.
Sfr
•
wi <*
.
S'
CD e+
consequently all the European figures are brought down
Thursday evening. But to make the totals the complete
figures for to-night (July 29), we add the item of exports from
the United States, including in it the exports of Friday only.
1885.
1886.
1887.
1884*ft
841.00?
Stock at Liverpool
751,000
596,000
bales 677.000
64,00°
31,000
28,900
17,000
and
9Sgi3.
to
2.2 S
»
Ba-
^
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15
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[Vol. XLV.
Total Great Britain, stock.
Stock at Hamburg
I
708,000
613.000
5,000
59,000
2,500
38,000
32,000
24,000
Stock at Bremen
CO
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notice.
1,000
?>■
September, 42,900; Septem
foer-October, for October, 287,200.; September-November, for November,
441,700; September-December, for December, 765,100; September
January, for January, 1,685,900; September-Februaiy, for February.
1,282,400; Se» tember-March, for March, 2,106,800; Beptember-Apnl
for April, 1,628,900; Septeinber-May, for May, 2,005,900; September
June, for June, 2,555,200.
15^ Wo have included in the above table, and shall continue each
wees to give, the average price of futures eacii day for each month.
It
will be found under each day following the abbreviation “ Aver *' The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, tO’25o.; Monday, 10*25c.; Tuesday,
10*20c.; Wednesday, 10‘25c.; Thursday, 10’25e.; Friday, 9-95c.
The following exchanges have been made during the week:
-74 pd. to excli. 500 Oct. for Aug.
*17 pd. to excli. 200 Oct. for Sopt.
*21 pd. to exeh. 1,000 Oct. for May
Even 100 Oct. for Jan.
21 pd. to exeh. 6uO Dec. o r Apr.
•03 pd. to excli. 200 Dec. for Jan.
*05 pd. to exeh. 100 Aug. for no
4;hose for Great Britain and the
78,000
1,000
=
00
ta*
Includes sales In September, 1886, lor
The Visible Supply of Cotton
and telegraph, is ss follows.
The
161,0C0
21,000
3©ref
at
©©0 ©
©-4^*0
>-<
n
1 s\ :
162,000
64,000
190,700
169,000
20,000
>
x to
©©0 *-0
>
215,000
26,000
114,400
316,000
166 300
170,000
17,000
98,700
m
W|»S
to
©©
c.* o'i ©
*
w©
©©
cf. at0
1
©©
WO
^
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1
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1 sp:
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SOL®
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at
m
272,000
g ooQP3f>QEiQ<5®3>
jr'F’Vfcaq
1
i©.
to to
at
©
1,058,202
dtat°ai
CO
_
990,325 1,041,077
-s
at
©©© ©
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O
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to
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1
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© © 0©
861,724
3,162
3L.030
jr *5 s'*
-4
®
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213,769
18,433
4,000
period of 1885-86—is set out in detail in the following statement,
©©©
dt d< © d<
<
®
©9
©©©
1*,142
1,450
week, and
©
99
I
515,000
256,000
51,000
At the Interior Towns the movement—that is the receipt s
for the week and since Sept. 1, the shipments for the
the stocks to-night, and the game items for the corresponding
|
<
>
228,000
43,000
214,485
1,438.025 1,477.477 1,827,902
5B]f.d.
5^d.
G^d.
9‘mo.
IO^o.
Il1ie0
I ©
to
*4
S' n):
CD
536,000
426,000
201,000
74,000
234,7»>7
52,191
2,367
405,000
195,000
45,000
192,058
21,504
bales
<
,© to
O
©©
©
18,433
4,000
Total visible supply
1,514,024
Price Mid. Upl., Liverpool....
5*b. d.
Price Mid. Upl., New York
lt3jbc.
I
©
M©
1,450
769,700
436,400
417,700
990,325 1,041,077 1,058,202
©©
:
CDC
2,367
compared with 1884.
ccoox
CO
©©©
1 CD©C0
.
to
I @r:
©
1 ©9 1
1
to
to
X
to M
I
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i-*
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P
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2
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9
©©
18,142
3,162
51,000
20,000
213,769
(^"The imports into Continental ports this week have been*
18,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 75,999 bales as comp tred with the same date of
1886, an increase of 36,547 bales as compared with the corres¬
ponding date of 1885 and a decrease of 313,878 bales as
4
coco
coco
coco©©
I
©to
214,485
74,000
861,724
©
I s?o:
1
© X ©
=-
>•
(£>’■£
912.700 1,121,400 1,351,700
169,000
161,000
78,000
652,300
to
^ 99
cr ©
to !
X
©©©0
to
®
©X©©
to CD©tO
to
I 5).^:
I
toCN
D
to
99
©
to
•n©
2
coco©©
©
to
ti
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©
©
<
to
£
© © ©
to to
to to
CD to
to 05
■
1
to to
© to
CD
446,700
52,191
Egypt, Brazil, &c., afloat.
CD
©
X
to
©X
00° tO
99
I
1
to
I @to:
©
to
CO CC ©
<i
©
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CO CD
>
•
to CD
342,400
234,767
I
I
CD
©CO
299,700
192,058
21.501
^
coco
11.000
43,000
1,000
<
m
900
4,000
52,000
9,000
10,000
176.000
1.000
Continental stocks
India afloat for Europe
CO
ci
CD©
toco
6,200
3,300
220,000
6,000
70,000
12,000
11,000
58,000
18,000
21,000
Loudon stock
to
©©
COCO© CO
05 <1
CO CO ©
361,300
Liverpool stock
I £)?•:
CO co
Total Continental stocks
Total American
East Indian, Brazil, <£c.—
2
^
CD
CO CO
—
5
to M
OS'vJ
I @m:
M
©CO
-1 'J
coco
2
tO
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m © M
coco c CO
© fy05 03
to
39,000
5,000
12,000
69,300
48,000
400
900
139.000
7,000
3,000
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
CD
CD
1,800
Liverpool stock
<
I
I sr1:
1,100
2( 5,000
44,000
42,000
1.827,902
2
P
05 01
400
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
905,000
Total visible supply
1.514.0 .'4 1.438,925 1,477,477
Of theahove, the totals of American and other descriptions are as follows:
American—
to¬
co CD
200
Stock in United States ports..
Stock in U. S. interior towns..
United States exports to-day.
to to
to
^ to
to
®
I
I €>©:
►
.
a> to
cc a>
^
^
© M
to
at Amsterdam
at Rotterdam
Egypt, Brazil,&c.,afltforE,r’pe
1 s).w:
to !—•
x
ccco©co
ccdb©co
to
®
©
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I
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^
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CD
CO
to
<
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wco
®
C5 CC m ^
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tcto
to©
Stock
Stock
Stock
Stock
Stock
Slock
Stock
Stock
Toral European stocks ....1,069,300
India cot ton afloat for Europe.
162,000
Amer. eott’n afloat for Enr’pe.
45,000
to
tc M
C ©©©
tc oi
►
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to
to
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8©/
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779,000
4.100
to-night, as made up by cable
Continental stocks, as wellae
afloat, are this week’s returns,
-3
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06
ultj
3C
Block,
*
The figures for Louisville in horh y»> .rs
The above totals sh »w t'n.
old
decreased during the week 1.356 > do4 .u
bales less than atthesa>u^ p*-ri i ! v-i
the same towns have beec 6, >33 oaiiM less
stocks have
>i
■
»
mght 30,637
receipts at
at
man
tae
same
July 30,
'
-
'
and since September 1 the receipts at all the
71.237 bales less than for the same time in 1885-86.
week last year,
towns are
U9
THE CHRONICLE.
1887.]
Quotations fob Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past weeK.
f
and squares has taken place.
from 72 to 100, averaging 86.
The thermometer has ranged,
Columbia, Texas.—Rain has fallen on three days of the-'
week, the rainfall reaching twenty-four hundredths of am
inch.
to be
This section is
extraordinary.
greatly blessed and the yield prom iaee
Average thermometer 83, highest 97>
lowest 68.
CuerOy Texas.—Good rains have fallen on three days of the
Week ending
July 29.
CLOSING
week and crop prospects are
The rainfall reac hed:
The thermometer Ran*
averaged 85, the highest being 104 and the lowest 70.
Brenham, Texas.—Beneficial rains have fallen on twodays of the week, but more moisture is needed to ensure a
magnificent yield. The rainfall reached fifty-five hundredths
of an inch.
The thermometer has averaged 86, ranging from*.
QUOTATIONS FOB MIDDLING COTTON ON—
Satnr.
Mon.
Tuea.
Wednes.
Thurs.
Fri.
9%
93*
97s
9%
98s
9*
9*
9*ta
97s
9*
9*
Galveston...
New Orleans.
Mobile
Savannah...
10
10
10
Charleston..
noin.
Wilmington..
10*
10*
10*
10*
10*
10*
Norfolk
Boston
10*4
10*4
10*
Baltimore....
11
Philadelphia.
Augusta
Memphis....
St Lluis
Cincinnati...
Louisville....
1088
103a
&*ie
970
97a
9® 16
9*
9*
9*
»78
10*
9*
10*
10*
10*
10*
10*
10*
10*
10*
10*
11
11
11
11
105b
107e
1078
1078
I078
10 70
10*
10*8
10*
10*
10*
10*
10*
10*
10
10
10
10
978
97a
10*
97a
9*
10*
10*
97g
10*
10*
10*
10*
10*
9*
10*
10*
10*
69 to 191.
10*
10*
10*
10*
Receipts from the Plantations,—The following table
indicates the actual movement each week from the plan¬
The figures do not include overland receipts nor
tations.
Southern consumption; they are simply a statement of the
Weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
Ending—
Jane 24
1
July
Receipts at the Porta. ' SVk at Interior Towns. Rec'pta from PlanVm
1885.
1886.
j
1887. | 1885.
2,155
14.3631
2,364
1.612
2,862
13.510,
3.598
1,261
j
u
8
It
15
1,972
9.472,
14
22
•4
29
2,194
2,538
6,744
9,060
.
12.694
35,972
1886.
|
1887.
I860.
96,632
45,252
33,616 36,994: 41,902
28,711 77,661! 38,253
23,591
8,227 j 33,848
22.31 0 64.810 29,188
20,578 57,626 27,937
4,600
3,295
2,581
1885.
903
860
1887.
5,721
1,523
3,872
8,361
248
37
195
3,327
1,870
1,330
The above statement snows—1. That the total receipts from
the plantations since September 1, 1886, are 5,184,056 bale?;
in 1885-86 were 5,340,448 bales; in 1884-85 were 4,727,276 bales.
2. That, although the receipts at the outports the past week
were 2,581 bales, the actual movement from plantations wa*
only 1,830 bales, the balance being taken from the stocks
at
the interior towns.
Last year the receipts from the plantation!
for the same week were 1,876 bales and for 1885 they were
866 bales.
Amount of Cotton in Sight July 29.—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.
1880-87.
1885-80.
Receipts at tlieports to July 29 5,201,679 5,208.072
Interior
stocks on July
excess of September x
1684-85.
1883-94.
4,723,913 4,805 767
11 j
*20,123
41,776
3 363
flattering.
seventy-two hundredths of an inch.
*26,849
Tot. receipts from planta’tns 5,184.55 b 5,340,448 4,727,276 4,778,918
783,062
Net overland to July 1
816,558
573,605
605,560
8 1 8,0 0o
oOO.Oau
Southern consuiupt’n to July 1
261,000
292, Out*
Beltony Texas.—There has been one refreshing shower*
during the week, but not. enough to do any real good, andfc
more rain is badly needed.
The rainfall reached ten hun¬
dredths of an inch. The thermometer has ranged from 70 to
105, averaging 86.
Weatherford, Texas.—We have had dry weather all the*
week. This section would be benefitted by rain, although,
crops are not suffering much, in spite of the excessive heat^
Average thermometer 83, highest 105, lowest 62.
New Orleans, Louisiana —We have had rain on five days
of the week, the rainfall reaching forty-two hundredths of art
inch. The thermometer has averaged 82.
Shreveport, Louisiana.—Rainfall for the week one inch
and thirty-nme hundredths. The thermometer has averaged
83, ranging from 69 to 99.
Columbus, Mississippi.—It has rained on one day of theweek, the rainfall reaching twenty-four hundredths of an
inch. The thermometer has ranged from 64 to 93, averaging
77.
Leland, Mississippi.—We have had rain on three days of
the rainfall reaching one inch and thirteen hun¬
dredths. Average the mometer 77 6, highest 89, lowest 69.
Greenville, Mississippi.—Telegram not rece ived.
Clarksdale, Mississippi.—All crops are splendid.
Rain
has fallen on three days of the week to the extent of one
inch and fifty-six hundredths. The thermometer has ranged
the week,
from 66 to 94.
Vicksburg, Mississippi.—It has been showery on two days
of the week, tho raintall reaching sixty-eight hundredths
of an inch. Average thermometer 80, highest 103 and lowest 60.
G luster, Mississippi —D«y wither all the week. The ther¬
mometer has rang d fiom 71 to 98.
Helena, Arkansas.—Colton is in fine condition, and porn:
as good as ever known.
There have b.'en two showers here*
during the wt ek, but in the vicinity rains have b en heavy.
The rainfall reached tlurty-s -ven hundredths of an inch. The
thermometer has rang- d from 69 to 92, averaging 81.
Memphis, Tennessee.—There h ve been light runs here on
three days of the week, but heavier in the immediate neighboilio d.
The rainfall reached s-ixty-one hundredths of arr
ineb.
Crop prospects are magnificent. Average thermome¬
ter 80, h'ghesr. 93, lowest 69.
Nashville, Tennessee.—We have had rain on five days of
the week, the rainfall reaching one inch and ninety-three
hundredths. The theimometer has averaged 79, the highest*
being 92 and the lowest 66.
Mobile, Alabama — Crops are excellent.
It has been.^
showery on six days of the week, the rainfall reaching one
is
-
Total in sight July 29
Northern spinners’ takings to
July. 29
*
0,345,018 6,457,006 5,593,812 5,644,523
inch and eleven inn dre 'ths.
1
001,022 1,734.201 1,349,688 1,535.201
Decrease from September 1.
It will be
by the above that flic decrease in amount in si it lit, to¬
night as compared with last .war, is 111,383 hales, tno increase as
coiiipar (1 wirh 1884-85 is 761,7 70 halos, and tbe inciease over 1886-84
is 7u 1,0*66 baks.
,
1
BPeii
The thermometer has averaged
95.
Montgomery, Alabama.—Heavy rains on three days of the
81. ranging from 70 to
week did considerable damage to corn and s> me to c >tfcon,
but the weather is clear and warm again. 1 he rainfall reached
two inches and eighty-one hundi ». dibs.
The thermometer has
ranged from 70 to 92, aver iging 77.
Selina, Alabama.—We have had rain on five days of the
Weather Reports by Telegraph.—Oar reports by tele¬ week, the rainfall reaching two inches and seven-y eight hun¬
graph to-night indicate that in general the weather has been dredths. Average thermometer 72, highest 88 a-id lowest 79.favorable at the South during the week and that the crop
Auburn, Alabama.—T iegranj not leceived.
condition is good; but from a few points on the Atlantic there
Madison, Florida.—Telegram not r< ceivtd.
are complaints of too much rain,
while in sections of Central
Macon, Georgia.—It has rained heavily on four days of the
Texas it is stated that rain is much needed.
week and is still raining. Crop accounts are less favorable.
tialceston, Texas.—We have had rain on three days of the
Columbus, Georgia.—We have had rain en four day3of"
week, the rainfall reaching twenty-live hundredths of an the week. The thermometer has ranged from 72 to 87, aver¬
Inch.
Included in this week’s ree ipts are two hundred and aging 76.
thirty bales new cotton, The thermometer has averaged 83,
Savannah, Georgia.—It has rained on two days of the* week, the rainfall reaching sixteen hundredths of an inch,
ranging from 67 to 93.
Palestine, Texas.—Prospects continue good. No rain has Average thermometer 81, highest 93 an i lowest 70.
falI n nil the week. The thermometer has ranged from 08 to
Augusta, Georgia.—There have been general rains on four
100, averaging 82.
days of the week, the rainfall reaching sixty-eight hundredths
limitsoille, Texas.— Crops are in satisfactory condition. of an inch. The crop is developing finely; accounts are good.
Rain has fallen on one day of the week to the extent of The thermometer has averaged 80, the highest; being 93 aneft
thirty hundredths of an inch. Average thermometer 85, high¬ the lowest 71.
est 102 and lowest 09.
Atlanta, Georgia.—It has rained on four days of the week:
Dallas, Texas.—The outlook is as fine as ever. The weather and is still raining. We are having too much. The rainfall
has been dry all the week. The thermometer has averaged reached six inches and sixteen hundredths, TnethermouK
eter has averaged 77, ranging fram 70 to 88.
86, the highest being 100 and the lowest 72.
Austin, Texas.—There has been no rain all the month and
Albany, vhtoryia.—The cooler and wet weather will prevent
crops are now suffering greatly. Unless rain corn s soon the cotton from opening as early as expected.
Crop accounts are^
yield will be cut short in tnis section. The thermometer has less favorable. Rain has fallen on four days of the week to
the depth of three inches and nineteen hundredths, and it is:
averaged 86, ranging from 71 to 102.
Buling, Texas.—Refreshing snowers have fallen on one still raining. The thermometer has ranged from 76 to 92
day of the week, but more rain is required. The rainfall averaging 82.
reached sixty hundredtns of an inch.
The hot sun and
Charleston, South Carolina.—We have had rain on three*
drought has caused cotton to open rapidly, and picking has days of the week, the rainfall reaching one Inch and fifty
commenced on some farms. Considerable shedding of bolls
hundredths, Average thermometer 82, biglust 92, lowest 7&^
>
THE CHRONICLE.
150
dredths of
inch.
an
More
dn is needed and there
r
d.
J’ue24 738
1 73g
July
“
8
38
“
15 7»8
“
22 ~3g
“
29 714
are pros
71 to 93.
on
three days of
aging 85.
of the
New Orleans .........Above low-water mark.
Memphis....
Nashville....
Shreveport..
Vicksburg... .........Above low-water mark.
Inck.
5
6
2
July 28.
Wear Great
BriVn.
X887
1886
1885
1884
2,000
1,6*00
Conti¬
nent.
_
.
.
Total.
2,000
5,000
5,000
I
Great
Conti¬
(
Britain
nent.
This
Week.
Total.
Brazil
United States of Colombia...
Other countries in S. America
China
Other countries in Asia anl
Oceanica
Africa
Otner countries
Year.
8,000 1,431,000
9,000 1,330,000
998,000
4,000 355,000 643,000
923,000
5.000 301,000 627,000
'209,000 455,000 664,000
6,000477,000 589,000 1,066,000
Great
Britain.
Continent.
2,094,971
720,101!
1,351,550
549,971
029,498
403,037
“
“
“
*'
“
2,793,*77
3,953,500
381,159
“
“
“
38,947
109,950
06
06
d.
7
7
7
7
6
6
d
5^8
53i6
5&ie
5*18
5&i«
55i8
mos.
ending JuneSO
1887.
1880.
790,352
04,259
137,412
1,415,899
704,017
1,154,245
894,312
437,359
392,229
1,440,242
10,121,004
822,930
2,,37,377
380,801
8,990,488
4,120,029
1,509,370
12,040,740
4,040,001
1,040,077
12,352,2231 15,408,324
0,820,983
18,370,772
5,755,807
17,831,335
12,419.869
5,450.512
8.125,307!
0,974,504
5,792,411
4,873,093
27,070,474 18,027,889
78,359,776 73,327,779
7,083,732
7,977,293
4,930,100
11,497,592
11,170,887
5,782,917
21,059,038 204,001,487 193,841,353
$87o,457
$•0032
$1,277,048 113,200,258 $12,380,201
$'0000
$•0048
$-0039
yard
$
22,543
4,582
Europe
'
British North America
Mexico
Central America 1 States & British
Honduras
I
West Indies
Linit.d States of Columbia
Oth r cuuntr es in So. America
Asi t a id Oceanica.
Africa..
Other countries
|
$
14,707
355
310
700
052
38,588
10,195
38,997
4,038
4,227
G,734
31,341
1,031
3,o L2
2,029
0,027
35,270
90
31
6,219
9,370
8,948!
:0,4?i
-
$
300,960
30,538
1,300
12,738
505,120
11^(505
$
273,057
25,537
12,780
12,002
587,475
31,5(50
88,3 53
121,804
74,700
280,119
3,010
92,031
22,122
70,329
70,535
r 91,037
259,447
1,8(58
50,377
90,427
Total.
Total value of other
tures of
manufac¬
value of all cutton goods
140,002
117,440
1,009,084
1,579,073
1,015,059
1,,394,494
14,929,342
13,959,934
93,000
56,500
116,000
34,000
214,000
2,0Q0
2,000
2,000
4,000
2,000
13,000
5,000
3,000
16,000
5,500
3,000
10,000
32,000
20,000
19,000
dria, writing under date of July 9, sends the following report
of the General Produce Association of Alexandria, which we
51,000 have translated, and give below.
12,000
32,000
3,000
3,000
2,000
7,000
Egyptian Cotton Crop.—Our
90,500
50 J
8,000
9,000
4,000
143,000
81,500
17,000
4,000
1337:
128,000
Behera.—We have received satisfactory word from B6Uc.a. The cotton
plants are in a prosperous cmditiou; th mgh in tue localities which
suffered from the storms iu May we find the plant backward, and hear
complaints of cold nights which to a certain degree hinder the progress
of vegetation. The water supply .though generally considered sufiicient,
has been smaller than usual, and it has beeu necess try to distribute it
sparingly. Several districts where water has ordinarily been very
1886.
This
week.
plenty bave been supplied on only twenty days in the month. Other
districts less well situated could be watered only at pretty long inter¬
vals and then with difficulty. The cotton worm has made its appear¬
ance in small numbers everywhere, but the damage done by it is so far
insignificant. There have always, however, been some worms in June,
and it is only later, in July and August, that their ravages are to he
feared.
CharkieU.— In this province the inhabitants are almost eveiy where
congratulating themselves on the propitious temperature and the fine
state of the crops.
Water has been sufiicient (luring June, and even
abundant in some places.
Complaints are made of the existence of
worms.
They appeared first in the fields of bersiru (clover) aud thence
spread iuto the neighboring cotton fields. So far they have done little
damage to speak of.
jjakahliih.—The news from this province is good. The crops are gen¬
erally vigorous and flourishing. There are some complaints, as in
B6 .6ra, of cold nights, which have hindered to a certam extent the
development of cotton on those fields which suffered from the rains in
May. In some places there is only water sufficient, in other places it
is abundant. This province makes precisely the same report about
worms as do Boliera and Charki6h.
Gaiioubieh.—^All our Galionbi6h correspondents, with one exception,
arc unanimously of the opinion that the cotton crops every where present
the very nest appearance.
The exception is in regard to Chibiii-ElKanater, whence we have received letters, which, though affirming the
Since
Jan. 1.
4,000
17,000
998,000
5,000
281,000
4,000
Bombay
All other ports.
21,000 1,279,000
Total
1885
This
week.
Since
This
week.
Jan. 1.
Since
Jan. 1.
664,000
923,000
123,000
200
122.800
9,0001,056,000
200
786,800
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
Are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
July 27.
1884-85.
1385-86.
1886-87.
Receipts (cantars*)—
This week....
Since Sept. 1
^Exports (bales)—
2,923*666
2,916.000
This
week.
Since
Sept. 1.
To Liverpool
2,000 259,000
To Continent
150,000
Total Europe.
2,000 409,000
| This | Since
week.
Sept. 1.
3,613,000
]!
This
| week.
1231,000
1174,000
|405,000 i
Since
Sept. 1.
299,000
201,000
500,000
A cautar is 93 lbs.
This statement shows that the
July 27 were
3,000 bales.
receipts for the week ending
cantars, and the shipments to all Europe
j
j
Manchester Market.—Our report received by cable to-night.
from Manchester states that the market is quiet for-both yarns ‘
and shirtings. We give the prices for to-day below, and leave
4hose for previous weeks of this and last year
(Cotton Section;.—
of the replies received by us in'June,
281,000
EXPORTS TO EUROPE FROM ALL INDIA.
all Europe
from—
a summary
46,500
frenods of the two previous years, are as follows:
1887.
following is
13-,000
shipments since January 1, 1887, and for the corresponding
Shipments
correspondent at Alexan¬
Alexandria General Produce Association
The
The above totals for the week show that the movement from
the ports other than Bombay is 13,000 bales more than the same
week last year. For the whole of India, therefore, the total
s.
«6
06
06
06
7
7
6
6
1880.
129,302
France
,
*
®7i*
5
5
5
5
5
7
7
2,000
Total all1887
1886
.
»7»8
©7®8
5
13,081,323
A ggre^ate
.
kio
®7i«
374,799
80,995
Other cuu dries in
Calcutta1887
1886
Madras—
1887
1886
All others—
1887
1886
5iiie7
5$ih 7
1887.
Germany
Shipments since January 1.
Total.
,®758
Month ending June SO. 12
Values—
Other manufactures of:
Great Britain and Ireland
Tuticorin* Kurraehee and Coconada,
Conti¬
nent.
s.
7*8
5li>16 718
718
5^8
718
5%
Uplds
of above.
Value per
show a
decrease compared with last year in the week’s receipts
of 1,000 bales, and a decrease in shipments of 1,000 bales, and
the shipments since Jan. 1 show an increase of 70,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“ Other ports” cover Ceylon,
Oreat
Britain.
d.
Total values of above.
Totil yards
2,000 973,000
4,000 1,513,000
According to the foregoing, Bombay appears to
Shipments for the week.
d.
Shirtings.
previous fiscal year, and give them below :
Argentine Republic..
Receipts.
Shipments Since Jan. 1.
«6 10
8
Colored and uncolored:
Great Britain and I reland.... yards
Other countries in Europe....
“
British North America
“
Mexico
“
Central American States and
“
British Honduras
West Indies.
“
2
7
BOMBAY RECEIPTS AND SHIPMENTS FOB FOUR YBAB8.
Shipments this week. \
b.
d.
d.
CotVn
Mid.
8^4 lbs.
Cotton, manufactures of—
Quantities—
India Cotton Movement from all Ports.—The receipts
And shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to
®8
®71516
5
5
5
5
5
d.
lOifi
10‘s
10L>
10ifl
8ifl®6 lOifl
d.
8ia 36
8i« p6
8ifl 56
8 8i®6
Articles, and Countries to which
Exported.
July 28, ’87. July 29, ’86.
Feet.
5
10
3
0
14
8.
Uplds
32* Cop.
Twist.
exports of domestic cotton manufactures for June, and for
the fiscal year, with like figures for the corresponding periods
also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
July 28, 1887, and July 29, 1886.
The following statement we have
Inck.
8
4
9
0
8
Skirtings.
*
-2)3
@3
®8
.Mid.
Domestic Exports of Cotton Manufactures.—Through
the courtesy of Mr. W. F. S vitzler, Chief of the Bureau of
Statistics, we have received this week a statement showing the
$he week, the rainfall reaching one inch and thirteen hun¬
dredths. The thermometer has ranged from 76 to 95, aver¬
Feet.
3
8
0
8
8
d.
®8
CotVn
8*4 lbs.
32* Oop.
Twist.
pects to-day of a heavy shower. We hear complaints of
«hedding. The thermometer has averaged 79*1, ranging from
Wilson, North Carolina.—It has rained
1886.
1887.
Columbia, South Carolina.—We have had rain on five
days of the week, the rainfall reaching seventy-four hun¬
dredths of an inch.
The thermometer has averaged 79, the
Jiig. eH ; ting94 and the lowest 71.
a.tb irg, South Carolina.—There have been light rains on
foui days of the week, the rainfall reaching twenty-four hun¬
XLY.I |
[VOL.
for comparison
J
:
good condition of the ootton plants, f-tate that their development has
been slightly retarded by the comparatively cold weather of the latter
part of June. Water has been restored to the large canals from which
it was lacking in May.
Irrigation has been possible regularly with the
aid of elev ttiug machines. Although this means of procuring water
may be more expensive in this province than in the rest of Lower
Egypt, the complaints of a scarcity of water, which we previously
noted there, have ceased to be heard, and we are permitted to say that
the supply of water in June has been more abundant than at the
same time last year.
Concerning worms we have received the same
intelligence as from the provinces aboce.
Garbieh.— Our advices from this important province are as a whole
very satisfactory. The temperature has been favorable and the devel¬
opment of the plants goods.
In a lew districts, however, especially
those in the northern part, fields which were late in being sowed, or
which were subject to the storms of Mcy, are not so far advanced as
they ought to be at this season. Water has, with a few exceptions,
been freely distributed during Juno in this proviuoe.
Worms have
appeared iu a number of districts, and seemed to have spared for the
time being several others. The injury done by them is, as always at
this seasou, of little account.
We have, however, just received a
letter from Mit-Bira, by which we are sony to learn that the worms
have spread in great numbers in all the plantations of that district.
JcrLY 30,
THE
1887.]
CHRONICLE.
Menoufiih. -We have excellent news from this province concerning
with no draw¬
by a favorable
temperature.
Water is generally sufficient. There are many com¬
plaints of worms, which have appeared almost everywhere. The injury
'
the development of the cotton plants, which have met
backs and have been helped forward in their growth
from them is slight.
Fayoum— The advices from tips province continue very favorable.
The crops are prospering, water is plenty, and worms are unknown.
Everything leads us to think the harvest will be large.
Upper Egypt—We regret that we have received no advices from Upper
Egypt, and hence cannot now speak of it.
General Observations.—We take pleasure in saying that most of the
news obtained by us concerning the condition of the cotton crop con¬
tinues favorable. Almost everywhere the plants present an excellent
to the same day of the
the percentages of total
to
July 29 in each of the
month in 1885.
We add to the table
port receiots wnicn had oeen reooived
yen
.
named.
Shipping News.—The exports of cotton from the
States the past week, as per latest mail returns, nave
United
reached
20,472 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
and are of good eize. Water, except in B6h6ra, where there
are complaints of a scarify of it, is almost everywhere suffl lent or
abundant according to the locality. The only shadow in the prospect
is caused by the almost general appearance of worms in Lower Egypt.
The injury from them is always insignificant at this time of the year,
appearance
if the worms should multiply
greatly in July and August when the plants are flowering and forming
the bloom and boll, we would have to report a sensible diminution of
the harvest. Few efforts are made to fight them. The Minister of
Public Instruction has had the kindness to send us a hundred pamphlets
explaining the methods which Mr. Sickenberger advises for getting rid
of this pest, and we have distributed them to our correspondents, a few
of whom informed us that they intend to make use of the method. The
majority, however, who mean to do anything for the preservation of
their crops, will proceed by stripping off the leaves on which the worms
and their eggs are gathered. We regret to say that nearly all the native
farmers, ana they are in the majority, continue, as of old, to do nothing.
The official data of the amount of land cultivated this year with cotton
is not in our possession.
We will make haste topublishthem when they
but there are fears for the future, for
reach
151
Total bales
Anchoria, 442
City
of Richmond, 888
Etruria, 434
Germanic, 1,795....
Herschel, 2,317
Italy, 2,464....Wyoming, 1,200
9,540
To Havre, per steamer La Bourgogne. 2,260
2,260
To Hamburg, per steamer Moravia, 800
800
To Antwerp, per steamer Pennland, 750
’ 750
To Barcelona, per steamer Powhattan, 50
50
To Halifax, per eteamer Portia, 100
100
New Orleans—To Liverpool, per steamer Astronomer, 3,531
Costa Rican, 3,160.
6,691
Boston—To Liverhpool, per steamer Iowa, 81
81
To Halifax, per steamer Carroll, 200
200
New York—To Liverpool, per steamers
20,472
Total
The
form,
particulars of these shipments, arranged in our usual
follows:
are as
Alexandria, June 30, 1887.
COMPARATIVE PORT RECEIPTS AND DAILY CROP MOVEMENT.
—A comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
Liver¬
Hali¬
pool.
fax.
Ant¬ Barce¬
Havre. Hamb. werp. lona.
750
50
800
9,540 2,260
us.
New York...
N. Orleans
Boston
6,691
16,312
Total.
13.500
6,691
“200
81
Tota’
luO
2,260
800
300
50
750
281
20,472
as
constantly have before him the data for seeing the exact relative
movement
for the years named.
The movement since
September 1, 1886, and in previous years, has been as follows.
Year
Monthly
Receipts.
1886.
1885
Bept’mb’r
359,203
Beginning September 1.
1882.
1884
1883.
385,642
345,445!
343,812:
October.. 1,034,450 l,055,F-.24
1,090,385|
1,169,979 1,080,552 1,122.164
Decemb’r 1,164,886 1,069,920 1,104,211 1,059,65s1
475,757
543,393
497,729
644,681
January
385,938
261,449
414,656
404,272
February,
163,503
241,514
March
283,645
258,332
103,375
111,755
89,186
202,866
April
35,575
45,918
133,147
47,426
May
14,239
31,682
84,715
June
17,648
Novemb’r
.
...
..
..
326,656
980,584
1,094,697
L,112,536
752,827
595,59b
482,772
284,519
185,523
78,504
974,043
996,807
487,727
291,992
257,099
147,595
113,573
68,679
June 30 the receipts at the
bales less than in 1885-86 and
473,960 bales more than at the same time in 1884-85. By
adding to the totals to June 30 the daily receipts since that
ports this year were 66,997
we
shall be able to reach
an
exact
comparison of the
movement for the different years.
1885-86.
1884-85
Mon.
Tues.
Wed nes.
Thurs.
Fri.
632
532
B32
B32
632
*16
516
B16
B16
B10*
11
US2
U32
Bie
B10
Satur.
Liverpool,steam a.
8ail...tf.
Do
Havre, steam ...c.
sail
Do
c.
Bremen, steam..c.
sail
Do
32
1132
”32
B10
he
c.
Hamburg, steam.c.
Do
8all....c.
D10
B16
Amst’d’m, steam c. 30 335* 30® 35* 30®35* 30035* 30®35* 30®35*
Do via Leltb d.
Reval, steam—d. H(>40316 UtJ4®3.6 ll84®3l6 llf4®31Q 1164'®310 ”64®3l.
d.
sail
Do
Barcelona,steamd. 310®l364 3lfl'®l384 8ie®l364 8lfl'®l3r4 310'®lSfl4 310®l304
Genoa,steam....d. 532®316 b32®^i6 532®316 532®316 532®s16 B32®S1«
1664
1504
1504
1504
1B64
1564
Trieste, steam...d.
764
764
7fl4
764
704
704
Antwerp, steam.d.
*
Per 100 lbs.
‘
)
1886-87.
freights the past week have been as follows:
429,777
853,195
Liverpool—July 22—Steamer Statesman, 1,691....
July 23—Steamers Californian, 1,859
Puerto Riqueno, 1,818.
Boston—For St. Johu, N. B.—July 2 L—Steamer New York, 41.
Cotton
5,190,063 5,257,060 4,716,103 4,784,473 5,894,216 4,620,487
Perc’tage of tot. port
97*88
98*64
97*91
97-41
98-74
receipts June 30..
time
New Orleans—For
1881.
Total
This statement shows that up to
Below we add the clearances this week of vessels carrying
from United States ports, bringing our data down to
the latest dates:
cotton
1883-84.
1882-83.
1881-82.
Liverpool.—By cable from Liverpool we have the following
sales, stocks, &c., at that port, We
add previous weeks for comparison.
statement of the week’s
5,190,063 5,257,060 4,716,103 1,784,473 5,894,216 4,620,487
8.
104
1,945
2,405
1,246
3791
July 8.
July 15. July 22. July 29.
«
214
193
8.
68
3,185
2....
2,397
“
260!
685
8.
1,733 Bales of the week
57,000
70,000
3....
1,811
2,287
54,000
50,000
bales
*
4,000
5,000
2,000
5,000
Of which exporters took....
69
8.
135
4....
1,124
1,719
1,236
1,000
1,000
1,000
Of wuich speculators took
«
8.
241
606
464
163
5....
2,519
41.000
59,000
42,00\)
41,000
Sales American
“
97
8.
2.449
8 000
189
6....
2,949
1,395 Actual export
5,009
10,000
5,000
“
7,000
5,0 >.
9,000
2,000
255
396
1,006
7....
1,626
2,353 Forwarded
1,500
765,000
704,000
677,000
780,000
Total stock—Estimated
“
438
354
8.
1,824
8....
1,168
2,810
52 8,000
438,000
496,000
403,000
Of which American—Estim’d
“
74
S.
47.<'00
1,238
9....
3,977
1,060
34,000
20,000
1,003
32,000
Total import of the week
“
12,000
9,000
9,000
4,0<>0
903
Of which American
838
8.
586
1,262
10...
2,601
137,000
91,00.)
83,000
98,000
Amount afloat
“
816
184
8.
648
11....
1,993
1,006
17,000
9,000
25,000
17,000
Of which American
"
309
8.
863
1,678
12...
1,111
1,265
M
8.
316
685
677
998
3,243
13....
The tone of the Liverpool market for spots and futures each
M
675
558
324
63
1,349
14....
5,334
day of the week ending July 29 and the daily closing prices
“
8.
142
161
201
15....
1,721
1,098
of spot cotton, have been as follows :
“
66
299
S.
1,921
16....
4,091
1,460
“
860
940
178
8.
17....
1,452
2,250
“
Monday. Tuesday. Wednts. Thursday. Friday.
260
Spot.
8.
670
18....
1,746
1.229
2,138
“
188
790
637
8.
581
19....
1,483
Fair
Pressed
Market, l
Barely
“
Weak.
business
Bteady.
Ilarden’g.
25
419
8.
985
20....
1,849
1,554
for sale
12:30 p.m.
supported
doing.
“
340
271
534
278
21....
1,023
3,904
5 he
55g
5»ie
5»ie
5*i0
5”ie
Upl’ds
“
113
8.
262
287
513
22....
838
5 *16
Mid. Orl’ns.
5%
59,6
5*10
5®i0
5Ulfl
M
593
53
517
1,380
8.
23....
2,157
8,000
10,000
Mid. Sales..
10,000
7,000
10,000
7,000
“
500
929
500
8.
187
1,000
500
1,000
24....
892
2,148
1,393
1,000
8pec. &exp.
“
S.
264
25...,
1,365
1,324
1,087
1,620
Futures.
“
8.
897
191
26....
1,425
498
1,143
Easy
Steady at Weak at
Quiet at
Market, \
“
1-04 ad
at 1-64 de¬
1-64 de¬
8-04 de¬
165
Steady.
64
8.
Easy.
27....
538
1,353
2,238
12:30 P.M. J
cline.
cline.
vance.
cline.
“
186
421
138
28....
1,061
1,005
1,740
«
Barely
Quiet
and
Very
Market,
?
359
888
8.
271
471
29....
Steady.
1,652
8teady.
Steady.
Tot Jn. 30
July 1....
‘
Saturday\
J
4 P.
5,204,679 5,296,487 4,722,299 4,803,519 5,934,495 4,656,643
Percentage of total
9903
93T4
93-88
98*28
98*64
port rec’pte J uly 29
M.
$
steady.
steady.
steady.
Total.
This statement shows that the receipts since Sept. 1 up to
to-night are now 91,808 bales less than they were to the same
day of the month.in 1886 and 482,380 bales more^than they were
The opening, highest, lowest and closing prices of futures a
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
K?* The prices are given in pence and Glths, thus:
5 63-G4d., and 6 01 means 6 1-6 Id. >* 3383
5 63
meant
THE CHRONICLE.
152
The movement of breadstufte to market is indicated in the
statements below, prepared by us from the figures of the New
Sat., July 23*
Sion., July 25.
Tues., July 26.
Opm High Low. Clos.
Open High Low. Clos.
Open High Low. Clos.
-
d.
d.
5 38 5 88
July
July-Aug... 5 88 538
▲Ug.-Sept.. 5 37 5 37
September. 537 5 37
5 24 524
8ept.-Oct.
•.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 38
538
534
5 34
5 33
583
5 80
5 86
5 30
5 30
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara¬
tive movement for the week ending July 23, 1887, and since
538
538
534
534
5 32
5 32
529
5 30
5 29
5 30
July 24, for each of the last three
5 37
5 37
633
533
5 32
5 82
5 29
5 29
529
5 29
d.
5 37
5 37
5 33
533
5 32
5 32
529
5 29
5 29
529
5 24
5 24
5 19
5 19
5 18
5 18
517
5 17
517
5 17
OCt-Nov... 5 15
Nor.-Dec... 512
5 12
Dec.-Jan
515
515
515
512
512
511
5 11
510
510
5 10
5 10
5 12
512
512
5 09
509
508
5 03
6 07
5 07
5 07
5 07
512
5 12
512
5 09
5 09
5 08
5 08
500
5 07
5 03
507
512
512
...
Jan.-Feb
V
...
512
5 09
512
509
508
60S
5 07
5 0J
Receipts at
Chicago
Milwaukee...
July-Aug
Ahg.-8ept..
September.
S«pt.-Oct...
..
d.
d.
d.
5 32
5 34
582
5 34
5 32
5 33
5 32
5 33
5 31
5 32
5 31
5 92
5 31
5 32
531
5 32
Open High Low. Clos.
a.
5 34
5 34
5 34
5 34
5 29
5 29
5 29
529
Sime wk.’85.
5 82
5 33
5 82
533
527
5 27
5 27
5 27
iSince
5 31
5 32
5 31
5 83
5 26
5 20
5 20
5 t0
1835-7..
5 31
5 32
5 31
6 32
5 i6
5 2<5
5 20
5 20
1833-0..,..
1331-5..
5 20
5 19
5 <0
5 19
5 19
5 19
5 19
514
5 14
5 14
5 14
511
512
511
5 11
510
5 10
5 00
5 00
5 00
5 00
Nov.-Dee... 5 08
5 10
5 03
5 10
5 09
5 09
5 08
5 08
5 04
504
5 04
5 04
Deo.-Jan
5 04
509
5 08
5 09
5 03
5 08
507
5 07
5 03
5 03
5 03
5 03
Jan.-Feb...
5 08
5 09
5 03
5 09
5 03
5 08
5 07
5 07
5 03
5 03
5 03
1
The intense heat and
the market again became dull and weak, and
to-day there was a further decline. Shippers have encountered
a comparative scarcity in freight room and somewhat di arer
rates, but have been moderate buyers every day, paying
cxeept:onally high figures for choice spring growths.
DULY CLOSING PRICES OF NO. 2 RED WINTER
Moo.
7 a Li
Sat.
8* 7d
Tues.
WHEAT.
Wed.
86-h
8tU<a
August delivery
82
81
8-^
SOL,
September deliv ery
86
85
86
December delivery
‘s
Sl5^
L,
87*3
s578
8o7s
January, 1888. delivery.. 37*9
9 6 5s
92 >d
92*8
91^*8
May, 1888. delivery
90 7s
92l4
June, 1888, delivery
Indian corn has been variable and unsettled,
....
Thurs.
80
794
8" 4
H47y
864
814
85
86
"y
914
91 78
....
Fri.
91
but with
no
decided
changes. There has been a moderate export trade,
mostly at 45g£c. for No. 2 mixed by canal afloat, and to-day
the market was rather dearer, especially for the more distant
options.
E DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Mon.
Tues.
4-
45*8
45 q
September delivery
4G;\)
Oehober delivery
47*4.
47:h
4f>:q
4(>*4
4747**
Sal.
August delivery
November delivery
Oats
the spot are
lower. There is a
in white giades, and options in mixed
pressed, but the close is abouty steady.
on
DAILY
CLOSING PRICES OF NO.
August delivery
September delivery
October delivery
.
.
.
Sat.
91
91
01
Von.
50 '3
9 Uo
;’*3
a
14
Wed.
Thurs.
45
45^
.46?$
46^
47^
48H)
4
/
Fr>.
4f>Lg
4 07*
48
48 82
->8
material decline
Were somewhat de¬
very
Tues.
30 4
9.(4
914
Wed.
Thurg.
304
Fii
31
304
31
314
31-4
Rye is dull and nominal. Barley does not promise a crop
large as last year. IUilcy male meets with a biisk demand
full prices.
The following are the closing quotations :—
FLOOR.
Fine
S 'Uth’n com. extras..$3
,8 ‘Uthern bakere’ann
bbl. $2 20» $2 90
35®.«3 GO
Superlino
Spring wheat extras.
2 60 2* 3 20
3 35
3
Minn, clear and stra’t.
Wiut« rshipp’gextras.
Winter XX & XXX..
Patents
Southern supers......
3 6)2 4 40
family br ds.. ^ bbl
Rye hour, superhne..
3 05® 3 35
3 65® 4 40
2 75® 2 9o
Fine
C >rn meal—
2 20®
3 402 4 4o
4 30f» 4 75
3 10® 3 30
2 35
Western, &o
2 40® 2 70
Brandywine
2 70® 2 75
Wheat—
Spring,per bush.
Spring No. 2
Red winter, No. 2
793*8
81
Bed winter
White...
74
77
44
83
83
46 L3
46
50
48
53
48
Corn—West, mixed
West. mix. No. 2.
goWest. white
i
Wust. yellow
White Southern..
v
Yell jw Southern,
7‘
9
9
O
®
®
40*4®
4S
46
50
46
9
9
9
9
8f*g
State &
SO
Pa., 19 bush. 55
Oats—Mixed
White
No. 2 mixed
No. 2 white...
31
34
®
9
34
o5L>®
3a*
Malt—State, 6-rowed. 75
State, 2-rowed
63
Canada
58
39
3 tg
Two-rowed State
Six-rowed State....
Peas—Canada
9
32q®
Barley-Canada
i
bbla.
Wheat
Corn
Oats
bush.
Total grain
*
Include
85
65
9
9
9
9
9
Below
17,116
14,476
21,442,647
01,498,748 ^ 20,207^23
2,071,410
2,929.480
61.319,032
4.681,69£
16,701.389
*1886.
*1885.
*1884.
5,754,397
6,699,311
5,923,324
43,599,559
25,571,215
35,799,583
25,6 >0,295
24,210,175
57,229.170
27,395,286
3,441,615
478,825
47,285,5 78
25,727.421
4,436,1?0
884,720
27,433.894
5/,367,453
28,405,837
2,740,906
108,999,877
103,r 05,064
3,277,519
112,526,484
113,225,603
week extra.
one
are
2,652,895
1,038,958
the rail
shipments from Western lake and rivt*
.
1886.
Week
1885.
1884.
Week
Week
July 23.
Flour
July 24.
July 25.
.bbls.
IlO. “81
78, 41
It 9,206
Wheat..
bush.
379,258
187,132
17 .538
262.915
631,488
7<‘0,696
1,430,381
492,674
f
sam e
years
1887.
1887.
Week
July 26.
101,222
345,143
Harley...
Rye.......
10.150
4,467
28,1*0 J
8,851
6,623
519,096
616,182
9,270
20,598
Total.
....1,490,296
1,CSS,942
2,G34,S66
1,510.295
oi*n
Oats
....
The rril and lake
weeks were:
Week
Flour,
tndinq
shipments from
Wheal,
same
Oils,
Corn,
bush.
ports for last four
Barley,
hush.
■
bush.
790,001 1,240.674
Ryu
bbls.
July 23/87 320.4 47
.July 16,’87 316, 84
July 9.’67 25-,788
4,854
28,903
2,477,528
1,230.845
855,977
13,705
27.836
2,116,379
2.-19,972
July 2,’67 197,893
2,574,018
1,344,356
806.84
653,5 8
12,426
15,433
18,755
14,067'
5,685,154 3,534,103
8.204,949 2 55c,7-0
46,468
89,567
-
3,3 *7,485
1.093,509 10,525,410
740,083 4,107,851
w.
4w’ks'86.
week ended
At—
N -w York
.......
..
Wheat,
Corn,
Oats,
bbls.
Barley,
bush.
bush.
671.3 0
bush.
bush.
89,033
56,112
6,419
998 960
230,030
176,35 L
32,688
433,542
26,672
81.626
864.388
4,000
43.250
37,155
22,0 O
42o,91 l
J 38, 68
4.200
56,110
51,192
O.OoO
113,290
12,030
elpiiia...
3,< 00
18,620
vewOrUaiB...,
Totpl W'ek..
’8S
-
30,780
Flour,
Baltin ore
c.ichn ond
or. wee
bush.
July 23, 1887. follow:
Boston
fontieal
bush.
51,92ij
the seaboard ports for the
The receipts of flour and gram at
286,904 2,755.571
70,258
loo
940,775
€94,774
232,983 1,895,753 1.571,262
416,150
' Ryi >
bush.
2,200
OCG
200
2,500
1,209
1,012:
3.862
3,1*24
3,900
2,750
-
The total receipts at the same ports for the period from
t to July 2d, 1837, compare as follows for four years:
bbls.
Wheat....
Corn....
Oats
bnsh.
*
*1884.
6,820,635
7,480,145
7,014,639.
46,9 19,082
21.206.987
52,974.6 >3
l‘).97o .015
23, i 01,389
55, «: 2.835
3 0,8 2 8.43 S
1G,515,197
2,411,119
3,090.69 0
76,812,915
17,919,630
Total grain...,
*1886.
Jan,
7,858,491
29.601,669
Barley...
Rye...
2,215,005
561,944
2,39^.738
364.8 71
20.5 .6 959
2.3- 8.336
6,4,920
97,147,930
96,857,824
102,404,439
23,967,47 l
Include one week extra.
The exports from the several seaboard ports for the week
ending July 53, 1887. art- shown in th* annexed statement:
Reports
from
New York
tJ wton.
..
Pntiartf 1.
Rrtitim’r*
N •">r',n8.
Norfolk..
•
80
72
91 00
9 66
60,391
68,107*
14,174
29,977
•
7,270,265
ports for four years:
Montreal.
Rye—
75
16,100
430-
follows:
Flour
V. News..
GRAfN.
4,800
03,080,789
..
at
838,900
92,104,437 81,711,727
04,091,302 90,508,991
9.688,032 101,738.400 100,410,SS5
.
so
791
1,524,050
1,094,257
;312,755
3,510.543
...
Flour
304
504
olLj
2,212
732,760
1,802,933
2,030,284
1887.
2 OATS.
••••••
1
10,947,910
.
as
Tot., 4
....
4,954
24,110
25,045
287,020
53,733
3,103,693
3,907,079
209,489
97,409 z 1,133,400
Barley
Rye
the
demand met,
10,080
......
July 24
8how
-
depression in the grain market have deterred buyers from
taking beyond their immediate wants, and receivers, anxious
to < ffect prompt sales, have been obliged to'make concessions.
At a slight reduction there are moderate orders for export.
Rye flour and corn ineal aie quiet.
The wheat market declined early in the week.
It received
no support from any quarter, and on Monday the lowest
figures that have been quoted in many montln weie made.
Tuesday saw some natural naction on a demand to cover
contracts, favored by rather better foreign advices; but this
1.490
26,030
•
The comparative shipments of flour and grain from the
ports from Jan. 1 to July 23, 1887, inclusive, for four
BREADSTUFFS.
The flour market has continued dull.
61.000
21,290
1.675
1
155.720,
74,900
230,987
game wk.’8fl.
512
Rye,
""
Tot. wk. ’87.
d.
5 19
733,745
453,101
05,OSS
1,434,521
4.290
40,481
d.
Friday, P. M., July 29,1887
30,750
Duluth
d.
5 03
810,735
0,325
7,385
1,338
5,950
21.810
1,800
d.
.
481,142
Cleveland...
Bt. Louis.
Peoria
d.
Oct.-Nov... 5 11
Barley.
123,915
4,451
; 410
d.
d.
d.
Oats.
238,885
..
f
Open High Low. Clos. Open High Low. Clos.
Com.
37,103
Detroit
Fr!., July 29.
Thurs., July 28.
Wednes., J’ly 27.
Wheat.
120,030
Toledo
5 07
5 07
Flour.
-
years:
Bbls.196 lbs Bush.&O Vb* Bu»h.56U>* Bu»h.32 lbs Bush.48 IbtBushA6 lbs
*
July
[Vou xlv.
Tjl.
w’k
Wheat.
Rush.
73 ,50?
18 6,808
148.3-7
Corn.
Bush.
232,869
309,925
156,553
191.264
24,000
Flour.
Bbls.
57.180
1,000
13,356
6,950
21,477
6.344
3.571
17.463
.247,052
13,111
Tne
..
Bush.
4,482
Rye.
Burk.
5,882
Peas.
Bush.
2,23G
31,603
1 441
3,499
••••••
1,768,540
552,389
109.807
4,482
5,882
33,741
1,252,399
873,935
267,485
21.762
2,522
76,075
S me tinm
1886.
Oats.
destination of
tne exports is as beiow.
corresponding period of last
year
for comparison.
We add
the
153.
THE CHRONICLE.
July 30, 1887.1
=a
■
—
$1,571,448, have gone to South America. For the similar
period
of 1886 the exports .to all ports reached 126,931 pack¬
1886
1887.
1886.
1887.
1886.
1887.
[for week
Week,
Week.
Week.
Week,
Week.
ages, and in 1885 were 103,839 packages. The mill agents
Week,
to—
July 2 4.
July 23. July 24. July 23. July 24. July 23.
continued to make liberal deliveries of staple cotton gocjds
Bush.
Bush.
Bush.
Bush.
Bbls.
Bbls.
in execution of back orders, and new business was of fair
523.652
336.750
456,109
197,803 1/68.311
73,603
fJn.King.
proportions considering the very small stocks available for
283,891
781,229
191,155
Contin’nt
7,772
25,687 598,629
immediate shipment, many kinds of plain and colored cottons
327
48.219
387
7,498
15,618 t........
B.AC.Am
8,788
21,957
“W. Indies
12,387
16,177
being sold in advance of production for some time to come.
6
4,200
10,097
7,327
Brit, col’s
Values are firmly maintained on nearly all manufactured cot¬
9,379
1,000
14,674
1,600
Oth.c’n’ta
2,103
1,220
ton goods, the late decline in cotton having been completely
873,935 neutralized by the exceptionally small stock of fabrics on
552.389
Total..
267.485 1.768.5 40 1,252,399
109,807
hand, and the large demand for consumption ia sight. Print
By adding this week’s movement to our previous totals w e cloths were in moderate demand, but rather easier, on the
ftave the following statement of exports this season and last basis of 3 5-16e. less ^ pet cent for 64x64s and 3c. for 56x60^*
season:
Stocks last Saturday and for the three previous years were aa
Com.
Wheat.
Flour.
at
Exports
t
follows:
Corn.
TP7ieafc.
Flour.
Sept. 1,’38. Sept. 1. ’85, Sept. 1, ’86. Sept. 1, ’85. Sept. 1. ’86. Sept. 1, ’85.
Exports to- to
to July
to July
to July
to July
to July
July
21, 1880
23, 1887.
24, 1886.
24, 1386.
23, 1887.
23, 1887.
—
Bbls.
Bbls.
6,056,644
479,307
905,387
735,388
405,351
35,085
Un.Kinfrdom
-Continent...
8. &C. Am...
West Indies.
Brit. Col'nies
Oth. countr’s
Total
-8,738,602
4,375,701
1*2,208
760,274
796, w£l
517,715
31,177
6,063,750
BiPtb,
Bush.
Bush.
Bush.
41,189.286
18.829.126
23,102,233
38,221.189
34,410,919
13,945,260
10,813
5,194
9,923,900
17,064,920
706,096
1,116,613
13
493,4*2
85,399
64.086
57,525
307,288
78,959
71,925
34,323,005
50,860,694
47,417
3,(81
141,740
75,795,449
32,880,492
The visible supply of
■at the principal points
grain, comprising the stocxs m granary
of accumulation at lake and seaboai d
.ports, and in transit by water, July 33, 1887 :
Zr»
f tore
Wheat,
Corn,
Oats,
Bye,
bush.
bush.
bush.
bush.
Bctrley,
bush
3,363 311
120,500
1,3)8,6)0
3 4.818
6,350
at—
Ndw York
Do afloat
373,157
16.000
1753*00
50.)
25.500
Buffalo
W Do
alloat
1,519,2 33
291,176
40,700
71,559
17,836
3,567
Chicago
9,402,074
1,368,271
313,048
40,945
13,230
19,598
Albany
afloat
Milwaukee
Do afloat
Do
Duluth
Toledo
Detroit
•
......
41.093
514
50,000
11.376
15,215
12,064
2,015,063
1,583,431
22,000
5,000
46,926
123.957
32.000
Philadelphia.....
Peoria
.....
Kansas City
Baltimore
143,000
631,115
674,9 43
127,67 3
1,058
275,104
68,0^0
8 1.064
20,000
156,974
971X35
181,997
W
*
367
114,345
359
23,900
170,677
8 4,668
212.754
7,509
4,000
36,000
1,000
8,009
3,669
25,000
17,100
8,257
28,359
1,200
2,692
•
•
1,000
.MW*
17,175
13,000
*
»- -
181
14,630
1,924,673
71.030
67 1.4*3
1,920,000
962,300
239,6i3
On lakes
.
32,021,051
31,496,898
Tot. July 24,’86
32,187,6^6
Tot. July 25,’851 37.VJ9.325
Tot. July 26,’841 12,760,444
.
.
7,879,209 1,971,667
8,674,259 2,075,165
9,449,859 1,854,15
6,827,6 >7 2,312,566
4,637,653 2,451,181
236.392
t Minneapolis aad St. Paul not
213,692
304,092
150,740
183,037
128,230
13 >.177
214.656
103,736
216,775
included.
New York, Friday, P. M.,
The situation
materially
New business was
•changed during the week under review.
hardly up to expectations because of continued hot weather,
which checked operations in fall and winter goods, and the
•stringency of the money market, which caused large buyers to
pursue a somewhat cautious policy. There was, however, a
good steady movement in staple and patterned cotton fabrics
dress goods, hosiery, &c., on account of former transactions,
and it is more than probable that a considerably larger trade in
fall goods ha3 already been done by the commission houses
than for the corresponding time in any previous year.
Many
Southern jobbers have completed their early purchases and
returned
home, but there is
still in the market a
large force of Western and near-by buyers, who are
in such excellent spirits in
regard to tho trade out¬
look that commission merchants and importers anticipate a
good business in the near future. The jobbing trade was a
trifle more active, but comparatively little animation in this
department is looked f or until the fore part of next month.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending July 23 were«2,018 pickages, valued at $103,045.
These shipments include 827 to
the East Indies, 249 to South America, 256 to Mexico, 200 to
Aden, 129 to the West Indies, 125 t ) China, 117 to Central
America, 74 to Europe aud 41 to all otht*r countries. Since
the 1st of January the expo rs ag^n-gaie 113,364 packages,
valued at $6,693,990.
Of this totu Cnmu na,s had 60.030
packages, valued at $2,844,926 ; an l 21,t37 packages, valued
220,000
on
in a limited degree.
hands, and moderate
dealings in silks, velvets, plushes and velveteens were reported
by importers. Clothing woolens were in light and irregular
demand, and there was a moderate business in housekeeping
linens, white goods, laces and embroideries, while hosiery and
fabric gloves were distributed in very fair quantities.
of Dry Goods.
The importations of dry goods at this port for the week
ending July 28,1887, and since Jan. 1, and the same facts for
the corresponding periods are as follows:
H
r:
&
o
<-+■
r-f
_
’d
»—*
3
p
ct*
® *
erf-
gr
0
Si i
8:
«
d
o
Ci
M
■
©
1
to
1
;: e
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July 29, 1S87.
in the dry goods trade has not
310.OCO
fabrics has not yet commenced, save
Dress goods were more active in first
X*
GOODS TRADE.
25,000
533,OCO
in this connection was
30 *
DRY
397,000
account of outstanding orders, hut new business
strictly moderate. Cloakings were in
light request, but there was a fair business in Jersey cloths
and stockinet?, leading makes of which are well sold up and
firm in price.
Satinets were a trifle more active in some
quarters, and there was a moderate movement in Kentucky
jeans and doeskins at steady prices. All-wool and worsted
dress-goods continued in very fair demand by wholesale
buyers, and desirable makes are firmly held. Flannels and
blankets were in fair request at first hands, and prices remain
firm.
Shawls, skirts, wool hosiery, knit underwear and fancy
knit woolens were severally in pretty good demand at first
hands, and there was a steady trade in carpets.
Foreign Dry Goods—Business in importing circles has
shown further improvement, but the jobbing trade in foreign
quantities
<J>
THE
1884.
445,000
3S5.000
320,000
300,000
Domestic Woolen Goods.—The demand for men’s-wear
woolens was somewhat disappointing, other thin a few spe¬
cialties, as light-weight cheviots, etc., having been rather
slow.
Heavy clothing woolens were deliverjd in considerable
Importations
8,000
18*5.
68,000
36,000
123,000
goods, table damasks, scrims and cotton hosiery.
34.360
•221,995
116,000
1886.
Total stock l(pieces)
452,000 252,000 1,450,000 1,460,000
Prints were in moderate demand, and there was a fairly
active business in dress and staple ginghams, cotton dress
156.000
......
.
18.009
M
3,9 >2.123
Minneapolis......
Bt. Paul’....
On Mississippi...
Tot. .Tulr 23.,*7
Tot. July 16,’87
*
•
321.53 4
85,000
93 153
On canal & river
•
11,374
Oswego
Indianapolis
•
379
2,453,241
659,980
Bt. Louis
Cincinnati
Boston
Toronto
Montreal
«
4,728
1,214,724
.......
«
9,300
July 25, July 26,
July 24,
July 23,
1887.
of Print Cloths—
Reid by Providence manuf’rs. 156,000
Fall River manufacturers... 149,000
Providence speculators
72,000
Outside speculators (est)
75,000
Stock
X
9
*
2
tc --C0O3
c
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6.
•
s
A
X
oc
-4
154
CHRONICLE
THE
[VOL.
IJantuers and Stolicrs (Out of 21 cur ^ovlt.
MEW ENGLAND.
E. W. Clark &
53
STATE
No. 35 South Third
STREET,
BOSTON.
1
MEMBERS
OF
BOSTON,
PHILADELPHIA
Stocks and
NEW
STOCK
Bonds
YORK
AND
ast on deposits.
OF
THE
No.
YORK
Rea Bros. &
AND
17
435 Wood Street,
Joshua Wilbour,
Charles H. Sheldon, Jr
Bhnjamin a. Jackson, William Binnst, Jr.
and
J vu
8TREET,
ESTABLISHED
First
Private Telegraph Wire to New York and Boston
57
No.
BALTIMORE.
Wilson, Colston & Co.,
Railroad Co.,
Interest, New York, January and July.
Standard gauge, steel rails,
A limited amount for sale.
cation.
R.
FOURTH
AVENUE.
If. Y. Correspondents—McKim Brothers A Co.
Robert Garrett & Sons,
ESTABLISHED 1871.
P.
BANKERS,
STREET,
F.
Keleher &
317
OLIVE
BALTIMORE,
ST.
AND
SOUTHERN.
Co.,
Humphreys Castleman,
New York, for the benefit of the bondholders. Thetr
safety, time to run and rate of interest make them
the most desirable investment
Bonds,
Co..
In
of $100 and Upwards
Indiana and Ohio Bonds.
RICHMOND,
V A
ADRIAN
.
Private wires connecting with Washington, Balti¬
more, Philadelphia and New York
New York correspondents Prince A Whitely
No.
1
II.
FINE
AND
ALWAYS PROMPTLY PAID.
SFND FOR PAMPHLET.
BANKERS
AND
BRANCH
COMMISSION
RICH HOIS
D,
<&
SATURDAYS.
MULLER A SOf>,
STREET, NEW YORK.
MERCHANTS
L.
Hartridge,
GA.,
SAVANNAH,
SECURITY
Buys and sells
and Bonds.
BROKER.
on commission all classes of Stocks
Negotiates loans on marketable securities.
New Y’ork guotations furnished by private ticker
♦very fifteen minutes.
First
VIRGINIA.
Circulars and Information on funding the debts oi
Virginia and North Carolina freeof cost; one-eightt
per cent charged for funding. Southern Railroac
and State andCitv Bonds bought and sold.
A.
A LIMITED AMOUNT
MOORE,
Indianapolis, Ind.
7%
OF
Mortgage G Per Cent Gold Bonds
a
Company, of Em
paid-up capital of 8600,-
surplus 875,000, offers
first Mortgage
Loans drawing seven per cent
Also 6 per centlCN
rear Debenture iionde, secured by 105
per cent of first
Mortgage loans held in trust by the tlercantlle
Trust Co., N. Y.
Five per cent certificates of
for periods under
deposit
information and
one year. Write for full
references to the company at 150
Nassau St., N. V.
A. L. ORMHBY,
V ice- President
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mort-
NORTH.WESTERN
GUARANTY
LOAN CO.,
CO.,
A.
84 East Market St..
metsburg, Iowa, with
WE OFFER FOR SALE
TIIOTIAS
on
NOTHING SAFER.
ON
WEDNESDAYS
Mortgages
Sums
6%
Undersigned hold REGULAR AUCTION
SALES, of all classes of
STOCKS AND BONDS,
Building,
Also,
The American Investment
The
Co.,
offered.
OFFICES*
Broadway Philadelphia, 112 S.4th St.
Boston, 23 Court St.
Kansas City, 7th<fc Del.Sts.
JOS.
STOCKS and BONDS
At Auction.
BANKERS AND BROKERS.
now
GUARANTEED FARM MORTGAGES.
000,
Bonds and Stocks bought or sold on commission;
Georgia and Alabama Securities specially dealt In.
Correspondents: Tobey Sl Kirk and A. Dutenhofer.
Mew York.
References: Atlanta National Bank, Atlanta, Ga.,
and Fourth National Bank. New Y’ork.
cent, running ten years and based
per
Farm
2;i*muctal.
OK
1,000,000
exclusively upon Western Farm Mortgages, held in
trust by the American Loan & Trust
Company, of
LOUIS.
Harris Sc
W.
92,000,000
DEBENTURES,
bearing 6
STREET,
onNinC °f Counties, Cities, Ac., of high grade a
dMIMUO specialty. Send for Descriptive Lists.
ATLANTA.
State Bank
CO.,
EQUITABLE'
Mortgage Company.
CHICAGO and BOSTON.
C. W. Branch &
Sc
Street.
appii*
New York, 208
Dealers in Western Securities and Local
Stocks and prime Commercial Paper.
N.
KINDS
Wall
Paid in (Cash)
Investment Bankers, Cleveland, Ohio.
Specialties: Town County and City Bonds: Lake
Superior Iron Mining Stocks, ‘‘Republic ” “Cham¬
pion,” “Cleveland” and “Jackson.” Street Rail¬
ways—Denver City Street Railway Co., of Denver,
Col.; Street Railway Co., of Grand Rapids, MiclM
Metropolitan Street Railway of Toledo. Ohio.
piahed.
DEALER IN ALL
SECURITIES.
LANCASTER
Capital Subscribed
Chas. H. Potter & Co.,
BALTIMORE.
(INVESTMENT and SOUTHERN SECURITIES *
specialty.)
Correspondence solicited and information fui-
BROKER AND
A.
on
If arm fpurtgafles.
WESTERN.
BROKERS,
(Members of Baltimore Stock iExohange),
DOMESTIC
BUSINESS.
first-class equipment.
Descriptive pamphlets
containing copies of mortgage, furnished
BANKERS AND
BANKING
Gold Bonds
Georgia Midland & Gulf
1871.
Oldest Pittsburg members N.Y. 8took Exchange.
FOREIGN
Mortgage 6 Per Cent
10
BANKERS AND BROKERS,
GENERAL
particulars
Whitney & Stephenson,
Jbehange.
A
CARS,
PITTSBURG, PA.
Dealers In Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
TRANSACT
on
oO*l, ur lFaQ6, 1L Will pfty
you to write us f<r full
Baltimore and Washington.
PROVIDENCE, R. I.
SOUTH
or
DUE JULY 1, 1926.
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
BANKERS AND BROKERS,
7
ior casn
retettered^ 1)6 pU^ *n gooc* repair, repainted,
Pittsburg, Pa.
MEMBERS
Wilbour, Jackson & Co.,
No.
prices,
LOCOMOTIVES.
AND DEALERS IN FOREIGN EXCHANGE,
Bonds.
WEYBOS8ET
Co.,
BANKERS AND BROKERS,
Jtoalers In Municipal, State, Railroad
52
iow
($15,000 PER MILE)
ALSO,
No.
a,i,
TrU8t‘ or wili exchange for good
235 REFRIGER4TOR CARS,
AND
Exchanges.
Cable Transfers, Bills of Exchange and Letters of
Credit.
EXCHANGES.
and United States
Harjes,
Gerlach,
BROKERS,
CfiESTNUT STREET,
437
saw
3,500 BOX CARS,
1,500 FLAT AND GONDOLA
Narr Sc
PHILADELPHIA.
Members of the Philadelphia and New York Stock
STREET.
NEW
STOCK
to
BANKERS
BOSTON.
BOSTON
iui
securities8’ °n
500 STOCK CARS,
Gerlach &
Successors
BANKERS,
MEMBERS
Second-Hand Railway Equipment,
St., Philadelphia.
York.
Bought and Sold
CONGRESS
STREET, NEW YORK,
BROKERS IN
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
EXCHANGES.
Brewster, Cobb
& Estabrook,
35
Co.,
Railroad, Municipal and other desirable Invest¬
ment Securities for sale.
Transact a genoral banking business. Allow inter
In all Markets.
No.
Walkley Sc Co.,
10 WALL
BANKERS AND BROKERS,
BANKERS AND BROKERS,
No.
Ifiwanxial.
PENNSYLVANIA,
Irving A. Evans Sc Co.,
XLV
gages, interest (i per cent to
7 per cent, principal and inter¬
est absolutely guaranteed.
Se¬
curities for guaranty held by the
American
Loan & Trust Com¬
MINNEAPOLIS.
pany,
Paid-Up Capital,
NEtlER «fc
8200,000.
Authoriz’d Capital
82,000.000.
of Boston, Mass.
Send for circulars to
or THE
CAuPENTER,
Bankers, Troy, N. Y.
Eastern Managers for Company
*
ROME
A
DECATUR
RR.
Principal payable 1928.
Interest June and Decem¬
ber at American Loan A Trust Oo., Trustee.
Issued at the rate of $15,000 per miie.
This railroad runs through the richest mineral and
agricultural portions of the Slates of Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, including the East Ten¬
nessee Virginia A Georgia and Georgia Central roads
GROVESTEKN Sc
66 Exchange
PELL,
Place, New York,
BANKERS AND BROKERS.
~
INVEST
THROUGH THE
RELIABLE
WESTERN
FARM
SOUND
AND
MORTGAGE
CO.,
LAWRENCE, KAN.
F. M. Perkins. Pres’t.
Paid Up Capital,
L, H. Perkinp, Sea
-
-
-
-
$250,000
The choicest First Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon its
paid up japital and assets of over $650,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
tull information. Branch offices in N. Y. City and
Albany. New Y'ork Office 137 Broadway.
C. C. JLL1NE <fc SON, A ,ents
<i*
@FedFRASER