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HUNT'S MERCHANTS' MAGAZINE,
THE INDU3TRIAI^ AMD OOMMERCIAL INTERESTS OP THE UNITED STAT18^
ftEPRKSEJNri.Va
SATURDAY. JULY
^fOh. 45
C
ONTE NTS.
THE
OleaiinfrHou.se Rotiims
Thp Financial Sttimttcm
Nt^w
Kiillronil Coiiibliialiousln
Collne•^t iuiii
Feutiri » of imr Korelitn TraUe
TJ^eliriilali Naval Rh> lew
and the
133
125 Weekly RuilroadEarnlD|cn
126 liU|i0r'8 and Exports in June. 133
Monetary and Coiuiuvrdal
133
128
BnKlUh News
130 Coniuierolal and Mlsccllaoeoiu
lU Nrwa.
TUK BANKERS' GAZETTE.
Bouda
140
141
InvestuiiMitBiul Railroad Ni^ws
112
dironiclje.
ForOne Year
In
+r«
i-aa'4)
rl.0W.BI8)
(29,075.1100)
(88.094.UM
(12,S80,000l
(3e.33tl,000l
i-30-S)
<-«4-4i
Boston
Pr.vidCDca...
Hartford
New Haven...
Purl hind
Worcecter...
7S.S4fl.fl07
T7.13RJ07
-«!
4.fl«S,Bru
9,(MI..<Wa
4,5as,itoo
1.S81.100
l,ai7.88S
V88M1
-hl2-0
82.449.286
S.U72.nao
u.mv.itK.
1,627,608
-l-JO-7
I.IW.IW
l.»l!i^
SprlnKSeld....
1,04«,»H
SMI.'rCS
ft6S.8)S
1,006.741)
-hS-S
4flS.0.J8
+18-6
V71M0
8*7,714
87,127,703;
87.BJl.917
-0^
Philnilelpbla..
61.Nia.9M)
PlitjburK
1((,2;»,B«2|
Sn.SlS.Wll
7.S5S.5I9
+S-B
+30-2
:
$10 20
(Includlueiioatagt)
ForSUMoutba
Baltimore
12,e4SX>14
n,&i».s;»
C '.O
11 28
do.
European Subscription (incladiiitc p''8ta'.;e)
£v! 7a.
Annual aubscrtpUon In Loudon (iucludini< postage)
do
£1 8s.
do
do
eixMos.
Subscriptions win be continued until definitely ordered stopped. The
yntiUtlicrH lauuot be rosp.>UBlble fur reiuittuuoea unless made by drafts
•r Post OltiiH Money < inters.
Tlieao pricea Inoiude ilie IvvEsrons" Supplbmest, of 120 pages
iHiied once in two in iiitlis, and lurulsliud wlttiout extra uliarge to
ql>isoribcj°s of tlie C'iiuonici B.
A
lUe cover Is furuisUed at 50 cents; po,sitage
•enis. Vu.umea bound for snoscrlbers at $1 00.
on the same
is
18
itirain
Edwards *
sulL-ieniiiioiis
at
1(*.
JOtm
Drapers' Gdrdens. E. C, who will take
and adtertleuments and supply single copies of the paper
each.
WILLUM
U.
B.
DANA
FLOVD.
8.MITI!, 1
(IKl.TiO)
buxMa.)
tMt.)
1.03S.SS«
Post uki-ick bo.k 95a.
New England..
Total Middle.,
Chlcaco
cities
which show any
and
The
many points heavy gains continue to be recorded.
decline at Boston, nioreover, is very slight, and solely the result of much smaller stock operations in the current year.
at
This
week Wichita
leads in percentage of increase over last
and
-t-ii-)i
l,7>«.424
+7-7
+\tS*
CleTeland
8,23fl.lW8
Columbas
l,808,«.>--9
Peoria
].17a.W&3
+»*
+1911
+870
+ari
+141
+431
+ 44-8
+IS'l
8.845,047
+rs
4.(V'K.W
+14-5
l.HOl.Ofl
3.19KWItf
--l\r7
-•sr*
-14-1
i,w;<:t.*M
l.ll.'i<.3V6
'j.in:),*!:)
Omaha
2.eie.aw
1.808,01*4
Minneapolis...
Denver
8.a21.4Nl
l.tf70^19
Paul
4,891,931):
2.8UI.1H0
1.8H6.760
3,005,749
441,498
35^,036
+230
+iiua
99,30 l,S:i3
77.4ir,08.f
+2S0
9>i,9tS,7«3
18.«a3,09«
1,881,118
4,e03,>S8
16.935.900
+7-8
16.291.115
H4:i.4S»
+63-7
K)
+T1
4,690,2111
3,65j.57ii
7.694,283
9TJ.915
009,HHS
B48.U&7
5,3 8.0U3
+25-6
+41-9
1.2*).:)li
6.47i>.IV«
&.77«.0;>l
S,t74.ut]7
1.07»,«1
4S.'J,»S0
-3}-6
+2«-5
55^(23
+15-S
8<,625.743
83,«60,S5"
+Wl
89,316.408
+11*
17,707.BW
11.843.198
iM-l
80.689.0%
8a6.8»%3Ji»
80n.84D.40.-
V0O.lflS.014
+451
+vy9
340.48.1.153
+ia-*
684^103
740,279
Grand Kapids..
Wichita
Topoka*
Total Western.
*
4-W«
Not Included
4.2:2.2
t6l,r«*7
2.277.271
4-4B-1
4.0.9,'iSO
«:ia,-»l
MX,99.
+ la-7
843.407 JSftJ
+&*»
8,9-»>.»»77
+20-4
1,9SS,»!<8
881,i.«7
Dulttth*
t2r»
+a2-»
H-8ft'»
4-76-0'
7*l.'»7
].4ey.8-o
SlS.iMi
+1S*
-6-4
-I-59-5-
-t-l8l»
+37*
-t-4S-(>
+11-5
-»>
7.^8,•^art
lu totals.
The returns of exchanges for the five days as received by
telegraph this evening exhibit a email loss from the corresponding period of last week. Contrasted with the five d«y»
of 1880, however, all cities record gains. Oureitiun'.e for the
full week endtd July 30 indicates an exce s over aytrar ago of
about 12-6 per cent. Messrs. R. O. Dun* Co. report the number of failures for the weekended to-ni„ht (July 29) as 184
(ICa in the
last
United States and 22 in Canada), against 17»
192 for the same time a year jno.
week and
Wtik Bndlni
irwkJBiiir«/aivsa.
.Tuly SO.
lUtumt 6v TttetrapK
1887.
New York
441.080,500
Salw of Stock (ikarM)....
^
Boston
is
week, and covtred a maiket value of |43,506,000, against
163,132,000 for the week of 1886. We follow our usual custom of deducting two and a half times these values from the
Jfew York clearings to arrive at the exchanges of other origin,
+4-2
9.IM1.SI4
».7«:1.037
Indianapolis...
3.39».an
1.222.08
+r»
-i»
i3,iae.<t3s
lt.»03.:tS0
3.003.076
+v»i
60..1 16.158
-r8-6
l,74«.rM
+1*
+u*
-IM
494-3
»B.0H6.aas
57A4I.S72
lO.IMl.SM
8.87O,«70l
•l-"075
fl«0.8H0
91,438,W)S|
U.S(P.fl(:0
followed by Peoria, 93'4, St. Philadelphia
Battijuoi«
Joseph, 687, San Fiancisco, 53'1, St. Paul, 461, Kansas City,
Chloaco
44 0, Omaha, 44*8, and Indianapolis, 43 1 per cent.
St. Louis.. .»
Share transactions on the Ncw York Stock Exchange, as New Orleans.
Total. S dajrs.
stated above, were of lesser volume than during the previous
year, with 110 8 per cent,
+»-7
-h24-0
onlsvIHe
•-:
ttr...
loss,
+r«
+11-0
Detriitt
The exhibit of clearings for the week ending July 23 is not
BO satisfactory as the one prr ceding it, either at New York or
Total Southern...
in other sections of the country. At this city, however, over
one-half of the d< cline indicated from July 16 is due to the San Francisco
Total all
further falling off in tpecuiation at the Stock Exchange,
where the dealings i<.\ Bh^res were lesj iniport.uit, with only Outside New Vork.
two
I^.SW
7e.ijss.;ias
I
exceptions, than for any fuil week since January 1, 189.').
Altogether all but eleven of the ckariog houses included in
our statement record some decretse compared with last week^
but the aggregate loss outside of New York is only twentythree millions of dollars, and is doubtless in large pan ac_
counted for by the ^lacke^ing in mercantile affair^) usual at
this season, which the » xctesively hot weather would naturally
cause to be more pronounced.
That the present statement is a fairly favorable one is disclosed when comparison is made with the similar period of
P.OiU.
(gan.ncM)
4;.4.11.»"a
New Orleans.
two
ISL
(8,402.000)
sa.384,«93i
St. Lonis
St. Joseph....
CLEAKINU HOUlfE RETURNS.
BtV,«
84,701,620,
Cincinnati
Mllwaultee....
'WILL.IAI <l. DANA So Co., PublUIiem,
1U2 William Street, MKtV VOUK.
18S6, for ti.ere are only
(74.S.IIW);
I»i;m.i
(Pf Irolf am
St.
Iiondon Asenta:
Messrs
tharit.)
Lowell
Advance
uarr.
»,0«
Total
Terms of Subscription— Payable
WttkBnrtJmlf
P.Omt.
e,77M
•
per cent.
Aula n/—
(t'oKon
I.octtl.Sft'Uiiiies
Railroad ICartilTiK^
17'fl
(l.inn.ons)
(:mi..70o
(41.H14,U<ia
New York
(*f<.c»i»
Pric> n of I'laotlre
1
^he
l;)5
1.153.
1426,603,776 this year, against |361,80O,OT3
excw of
wan.
Stork Escliangr, and Range
138
sliu'tj Juuu»ry 1, 18S7
8t»'o HDd Railruad Boiids
136
and Stocks
Ranitn tn Prices at the Now
137
York Stock ExohaoKe
is
WithKHMnfJuitU.
Ptlcea of Active Bor.d. at N. Y.
Hone}- Market, ForelKn Eicbauge, V. Stiites 3«curill<-a,
result
year ago, or an
CBIRONICLE.
NO.
30. 1887.
EsUmated
1
day
Total full week.
Balance Coantry*.
Total week.
*
For
tlie
all..
(t.0S6,li«)
ge,44S/t40
43.968,437
9.890.4a 1
42,lS4,46t
1SB8.
p.ctta
VH!.
\
P.
Owl.
»~
407,203,409
(0 «.S4U>
-W4
(+iafl)
Be.388.0t7
48.465,404
-H)-Ii
+8-3
+136
««1.090,«>8
[6<1.8(H)
68,09 1,055
61.481.290
u.sas.-6i
47.Sd9.5M
+1-1
(-33 0)
-3-«
+64
+17-3
+«3»
14,7a0,4'«
8S.2S 1.000
1S,IM>.S80
+H)-l|
7-6
15,407,647
+7-4
4,078311
%00S.i94
+35-fl|
4,8«9,SW
+18-S
•
<9,Ut.1
+70
«37.^42.&«
+«»
1I3,«17,!««»
-t-sz-s
l»4.HS2.i'41
+11-4
756,680,879 ~6SB,326,38I
-Ac 4
+840
r{?6
7»< .803.0*0
86,481.203
-t-atra
Tl6!87«.61«|
140.101.263
96,lSV,)i04
861.818.181
loU week, based on
last
571.5
79,9911,610
796.81S.IMII
wesi't
r<.tanis.
S87 260.223
+4-a
~+a-»
]THE CHRONICLE.
126
been paid by money borrowed or securities
THE FINANCIAL SITUATION.
by bankers' balances, has
per cent,
loaned, as was the case last week, at 6 and at 3
made at
been
have
averaging 4 J per cent, while renewals
loaned
have
not
to
claim
6 per cent, though the banks
Money on
below 6 per
on
as represented
call,
cent.
call loans,
Still,
there has been an easier feeling
money on
but a firmer tone for
The
time.
on prime stock collateral, running
only
for three, four, five and six months, is 5 per cent, and
collateral.
a very few transactions are reported on mixed
feature of the week has been the 'further development
rate quoted for loans
A
money
the
of
Call
Boston.
stringency in
loans are
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,
reported
there
at
loans declining and cash increasing
there, as here, is stronger than it
in fact the situation
;
was in 1886.
A
year ago
summary
is
OOLD.
Merchandise.
Exceaa
Bxporfa. ImporU. of Ex-
Exports.
*
portt.
+au7
1,854
4,395 38,744 +34,349 12,999
7,490
•4;
•6,845
•3,349
1,229
986
840
5.654
9.921
4,812
7.395
8,380
Total.. 3«7,6ri
•979
June....
»
2,001
2,345
1,824
2,582
April...
t
351
249
2»3
1,
Bzcea
Ex-
of
ports.
+876
+4,668
+9,081
+4.461
+7,146
l,70fl
May....
ports.
I
t
10,578
March..
Im-
Ex-
of
Imports.
t
1,0S3
1,147
1,760
1,128
1,256
1,176
t
57,988
51,906
53,693
64,017
54.101
55,907
Jan
Feb
Omitted,)
SILVIB.
Excess
Imports.
ports.
1886.
Our
sold.
as below.
POREIQN TRAJ5E MOVEMEXT OF THE UXITED STATES— (OOO9
usual
XLV.
[Vol.
2,907|
2,068;
t
1,884
864
685
69S
812
678
5.609
188».
Jan
Feb
March..
ri,534
54,777
65,317
51,951 19,583
59,156 •4,879
62,894 2,423
Aprtl...
47,1
May....
43,628
48,054
63.581 •15979
58.66S 1503
June
61,173; •13118
*
Excess of imports.
t
1,194
1,332'
1,218
1,417
1,384
982
l.SSO
641
78«
+1,168 12,240
7,627
4.713
+ 117
Total.. 330,912135r,420|'26508l 5,994 7.162
721
1,915
2,851
1,654
2.647
1,925
1.748
2,907
+1,533
tl,867
+1,105
607
629
1,677
2,445
1.494
897
620
3,536
144
578
829
904
603
1,019
498
Excess ot exports.
The foregoing shows a merchandise balance against us
the last three months of 44 million dollars.
millions
"We have been asked the reason for the fluctuations in
this last week loans were reported at 136 J
lions
millions.
12
during the past ten days and whether the opening
little
over
silver
and specie and legal tenders at a
but
less,
for silver here has had any infl lence on the
banks
is
market
amount
from
of
a
net
due
To be sure, the
For months the price has baen balancing between
the total surplus reserve is in excess of a year ago. price.
July 24, the Boston banks reported loans a little over
148 'millions and spfcie and legal tenders at 12J mil;
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'
44 l-16d. and 43^d. per ounce, the average being below
It began to rise above the highest figure men44d.
although there have
declined, the quotation on Tuesday, July 23, bsing 44|i.,
Bank
though the next day there was another recovery to 44:^1.
There seems to have been a combination of circumstances
bills
London lf@l^ per
in
cent,
been during the week large withdrawals of
is
bullion.
reported to have lost £684,000, but a special cable to
us states that
it
was mostly taken out for South America;
Monday, July 18th, having on Taursday of that
week touched 44 7-16; but from that point it again
tioned
affecting the price of late.
It is possible
that the open-
in fact the week's exports have been £760,000 principally
ing of
to South America, the net loss being as stated because of
advance here, stimulated the London market, though we
scarcely believe it had any effect.
At all events there
an import from South America of £27,000 and receipts
from the interior of Great Britain of £49,000. Tois
large
and
our silver bullion certificate market
the
were other and more important circatnstancas tending in
direction.
A new 4 per cent loan for two hundred lacs of rupees payable in silver was amouaoed a
movement would have had more efiEect on the money the same
had
market,
ments to
not
apprehension
the
New York
been relieved.
further
of
ship-
The open market short time
tenders to be received at Bocaba/ and
August '21
this
would causa
as
a special demand for that metal it probably stimsituation.
The special recent anxiety has been the new ulated the market. Again steps have recently bean taken
Panama canal loan which was offered on Tuesday. No by the Indian banks to check the speculation in forward
rate at Paris has been maintained at 2^ per cent.
This
high rate there is due to a lack of confidence in the general
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
Calcutta
since,
until
;
Those operations have been considered by
influence on silver.
Toe London
Statist of July 16th states that the Indian banks met the
previous week and decided upon common action, to the
exchange.
many
as a depressing
would have necessarily been greater, as its failure would
The open market rate for extent that in future, forward business in exchange will
money in Berlin is If per cent.
not be entertained for a period beyond two mouths
Our foreign exchange market was dull bat firm all Some were inclined to think that exchange might take a
the week until Thursday, when, under the influence of decidedly favorable
turn in consequence of this aition •
imperil the interest payment.
more
liberal offerings of bills, chiefly
those
drawn
against
On
the other hand, a depressing influence
now
is
the large
bought for European account, the market became drawings for India remittances by the India Council,
easier, although not quotably lower.
It was regarded by larger than a year ago at this time.
We understand thay
bankers as probable, however, that if the foreign buying of have just been
increased to 40 lacs.
These facts taken
securities
securities continued rates
at the
moment
amount
of
is
bills.
would
demand together will probably explain both the upward and the
downward movement in the price of silver without credunderstand this iting our market with any influence as yet.
decline, for the
not sufficiently urgent to absorb any large
It
is
quite difficult to
when one turns to our foreign trade movement.
Even this week the total exports amounted to
only
situation
$3,888,075.
issued within
Mr. Switzler of the Bureau of Statistics
has
a few days the June trade figures,
which
Some
tions
This
surprise has been expressed
here in bullion certificates
is
easily
accounted
for.
at
the few transac-
that have taken place.
The rapid
decline in
London
would naturally arrest a movement hardly begun in New
show but very little better than the results for
the pre- York, for there could be no transactions at the figures the
vious two months.
Over 13 mUlions is the balance against early sales recorded. A
mere check, therefore, does not
US on the merchandise movement for that
single
Or
moatb.
if
we add
to that total 10 miUions, the general
estitnite
of our indebtedness to the world for
interest, freights,
&c.,
we have a debt of 23 millions incurred
during
few weeks, whoUy unpaid, except so
far as it
prove anything with regard to the future. As yet there
Is no basis for independent action on the part of our bullion dealers,
whatever
each month,
those
has
ticular
later
on.
may
Until
be their position in
this par
•
the accumulated stock of the
metal deposited with the Trust
Company has become
so
July
THE CHRONICLE.
80, 1887.J
important as to restrict the commercial world's current
supply, any dictation as to price is out of the qneslion, and
accumulations must be slow so long as they are confined
to our own production.
The aim of course is not to secure
127
more prominent ones may b« m>-Dtioned ihoM
of the Eri»,
the Pennsylvania, the PoiUdelphia k KiadlnfC, th<» North'ern Central and the Norfolk & Westsro. The return
of
the Reading reflecU the improved condition of the coal
a market for bullion, but to make this the controlling mar- trade, and in a meaauie this is true also o(
the exhibit of
ket, and to accomplish that the world's supply must be so the Northern Central and the Krie,
which are both large
far turned this way as to compel L3ndon to take what it carriars of coal,
anthracite and bitnminons.
Bat
needs from us at our price. In other words, the proposi
the Pennsylvania is a very repreaenUUve tyattm
tion is to corner silver bullion just as we corner coilee or comprising all kinds and classes of traffic,
and the heaTj
wheat or any other commodity. The excuse for the eilort gain on it therefore is a feature of more importance.
is that the European market is a bear market and not a
We desire today, however, to consider the trank lines
test of the real value.
So here is an opportunity for by themselves. Jane of course completes the half year,
bullionists who Have faith in the white metal to test their and besides the Erie and the Pennsylvania
we have
faith by their works; that is, overbid London, get hold of received this week the statement of the Cleveland
Col
am-
all
the current production, dole
at each price as
may
it
may be wanted bus Cincinnati k Indianapolis. This gives as three large
and see wh at comes systems. But we have previously had half yearly state-
out as
suit the holder,
it
from the movement. To test the question fully only needs ments from the New York Central, the Lake Shore &
money and nerve. Of course merely holding our own Michigan Southern, and the Michigan Central, so that,
production could have no other effect than to give other altogether, we have the results for the half year from six
countries a market to sell on, and those who took part in prominent companies.
It will be inteiesting to bring
it would find themselves, after a few years' trial, in much
them together in one table, and compare their operations
the same position as the Fidelity Bank in the matter of for 1887 with those, say, for the two years preceding, as
New York must strike for the world's is done in the following.
the wheat deal.
entire production or the claim which is made with regard
Oram earning.
Ntt tamtnti.
TBUNK LINE
to the London market cannot be tested.
Of coarse we are
KABMIMGB.
1887.
1886.
1886.
1887.
1886.
not expected to have faith in the venture, but those who Jan. 1 to Junf. 80.
t
»
»
think our views have all along been wrong ought to take •Sew York Central 16,788.161 14.S1S.618 11.666.866 6387,466 6.816,180, S,«7»,777
Lake Shore
8,603,557 6,988,688 6,487,664
8.447.697 1,880^8
hold of this aSair and see it through.
HlchlRan Central. 6,361,000 5,486.000 4,»?3,000 1,800.000 l,484.uaO 1087,000
As
expected, the
anthracite
agreed to advance prices on the
In view of this
cenf.s a ton.
to
know
companies
coal
Ist of
this
week
August about ten
f PenosylTanla.
26,370.784183,860,164 81.819,598
11.446.809 10.457,049 8.668,148
aeT.Col.Ctn.aiod. 8.039,480 1.819.1
1.648,968
Total
step, it is especially desirable
the exact condition
of the
trade,
and
figures
which have been published this week, as prepared by
Mr. John 11. Jones the accountant of the companies, are
The publication of the monthly stateQsefal to this end.
ments has been discontinued nevertheless for two sue'
cessive months now the figures have found their way into
For May, when informed that the statement had
print.
been sarreptitioasly obtained, we omitted notice of the
same, but the June exhibit has been so widely published,
and possesses so much interest at this juncture, that we
;
. .
Brio
71.549.157 62,808.735
'
West Shore
t
Lines East
8,784,888
8,861,846
716,807
2l.079,a6«
qpenitluiiR Included In l(j87
of Pittsburg and Erie.
7,669,084'
6JH8,8ie
8308.481' 1380,488
676.980l
a88,6SB
2030^388 li,l19jm
In lb85.
and 18s6, bnt not
That this is an important body of roads may be judged
from the fact that their total earnings for the half-year
An idea of the improve*
be formed from the circumstance that in the half-year of 1385 these same roads had
gross earnings of only 54f million dollars.
Of the increase
reach over 71^ million dollars.
ment
that has occurred
may
of nearly 17 million dollars in
roughly was
made
the two years, 8 millions
year and 9 millions this year.
find stands at 24 millions, against 20^^ millions
last
The net we
we cannot in justice to our readers omit to refer to it. in 1886, and 15 15 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
feel
results, as contrasted
with those for the two years pre-
ceding,
JUM.
Jan.
1 to
to
large
On
the
to
June 30.
1887.
Stock begtnnlnc
of period
Frodaotlon
Totut supply
8t*k end of period
.
1886.
1886.
1887.
1886.
1888.
Tbtu.
Tbm.
Torn.
872,882
Tbfu.
Tbrw.
764.545
874,681
625,641
2,490,08^ 16,903,446 14.623,375 12,701,323
754.206
2.710,708
814.451
2.582.318
3,464.B13
3.200 789] 3,015,67!1 16,276,728 15,277,920 18.57».003
700,7361
582,163
Hg,168
800,684
700.786
betterments,
for
Central the net this
$5,897,456, against only $3,679,777
may
AntkradU CoaL
expenditures
New York
claim that the result
is
affected
renewals,
ko.
year amounts
1885.
in
by the
Some
fact that the
West Shore accounts are included in the present year, bat
were not included in the former year. This circumstance,
however, does not apply in the case of the other roads,
and yet we
some of them have nearly doubled
two years ago. Thus on the Lake
This shows on the whole a fair'y satisfactory state of Shore the total has been increased from $1,899,538 to
things. Stocks at tide-water shipping points have increased $3,580,270, and on the Erie from $1,609,436 to $.3,251,346.
since the first of the year from 37'2,282 tons to 800,534 On the Cleveland Columbus Cincinnati k Indianapolis
Conaumptlon
tons,
800.S34
2,684.8701 2,806.0381 2,438,610
15,476,194 14,677,1M 12,903^40
and are much larger than at the corresponding
bat as production was 1,380,071
tons greater than in the preceding year, quite a large
period of other years,
'ncrease in
is
consumption
is
indicated.
This latter indeed
the feature of most encouragement, for the above figures
exhibit a
steady increase in consumption from year to
Thus
for June the quantity gone into consumption
would appear to have been 2,664,379 tons this year,
against 2,506,033 tons last year, and 2,433,510 tons the
year.
year before, while for the half year the total for 1887
is
15,475,194 tons, against but 12,993,840 tons in 1885.
Bailroad earnings continue of a favorable character.
find
that
their net earnings of
the proportion of gain
is
even greater, for while the net
it was only $323,655.
As for
and the Pennsylvania, the former
has increased from $1,087,000 to $1,8(0,000 and the
latter from $6,519,859 to $8,784,383.
A word more as to the Pennsylvania figares for the month
now
is
$715,897, in
1885
the Michigan Central
of June.
The gain
in gross over last year (Eastern lines
reaches $575,757, which
is
certainly large
number of reports of net for the month of June latter toUl is decidedly the
have been made public the last few days. Among the month. Tne net, too, is the
Quite a
enough stand-
by itself, bat is simply extraordinary when we
remember that it follows a gain of no less than $600,463
in 1886, so that in two years there has bean an increase
The
of $1,176,220, or from $3,735,638 to $4,911,858.
ing
largest ever
made
best on record.
in that
On
the
THE CHRONICLE.
128
XLV.
[Vol.
and the Bank of Germany, since the last
marks. Tiie followreport, shows an increase of 9,660,000
deficiency in meeting I'ab'lilies
the present, and jet the
the principal Euroin
bullion
ing indicates the amount of
against $162,127 in 1886,
date last
for the month is only $55,084,
corresponding
at
the
and
banks this week
for this dimmishing pean
and $334 817 in 1885. Allowing
year.
system for June 1887 stands
deficit, the net of the whole
is a
Here
JxUu 29, 1886.
1885.
in
July 28. 1887.
against only $574,627
Western
better years than
much
have been
lines there
francs silver,
at $1,506,375,
Banks of
of results for a series of years.
summary
ToW.
Samr.
GoM.
LIKXS EAST 0»
1886.
1887.
188S.
1884.
t
t
England..
«
Qermany*
t
(
t
3.908,174 4.156.871 4,093,756
4,911.838 4.33fl.l01 3.735.638
Oro98 eamlnKS'
2,977,729 2,559,423
2,9*4,968 2,826,194 a,8ii3,148
3,3S0,3Q»
Opent'fi expenies.
909,444
1,8SI,1!>3
Net earnings...
—65.084 —162.127 -834,817
Weeternllnei
1,603,375
Besnlt
1,083,026
48.825. -.80 47.313,9381 95,539,118
21,681,770 19,227,2301 40,909,000;
771,119
1,638,111
1,002,85'«
7.66«,6S4
8,112,242
8,618.826
-514,923 -981,090 —764.855
+216,674
+35,463
7.847^
8,734,500
8.235.5^5
6.519.859
5.532.7b9
Besnlt
8,119,000
1,118,000
7.001.000
21,582,061
64,285,r!fl 46,071,108
99,356.837
88,749,200
20,476,970 16,272,230
6,493,000 13,631,000
20,124,000
6,701,000
8,163,000
14,8W.O0O
2,615,'>00
1,322.000
8,967,000
7,327,000
1.398.000
8,723,000
The division (between eold and silver) )?iven In onr table of coin and
bnllion in tUe Bank of Germany and the B<ink of Beltfium 18 made from
claimed to be
the be«t estimate we are able to oi.taln; in ueitlier caao is it
report,
accurate, as tlioRe banks make uo distinction in tlieir weekly
merely reporting the total gold and silver; but we believe the division
we make Is a close approximaiiou.
.
,,
,.,
^ „ki,.v
receive the above results weekly by cable, and while
Note
not all of the date given at the head of tlie column, they are the
returns issued nearest to that date— that is, the latest reported llgures.
8,190.122
8.784.3-3
-H10.484
6.815.000 14,846.000' 21,661,000
6,100.000 8,248,000 13,34(1,000
3,727,000
2,485.000 1,242,000
21,582,064
119,510,753 te,855,S3:i 205,366,091
Tot. this week 118.044,842 91,993.168 206,037,810
204,807,559
Tot.prev.w'k n3,28>',l.U 90,980,229'204.288,360l 118, 981,702
Jiin.1 U> June 80.
23,833.249 21,352.579 22.650,847
28,370,724 '23,280,164 21,319,593
Gross earnings
14.460,725
'l4,799.734 15.221.00'' 18,833,753
Operat'g expenses l';.58e,S41 15.680,540
Net earnings...
Western lines
.
Aust.-Hung'y
-311,90? —176,290 +103,778
674,821
l,lo8,006
1,534,333
1,179,142
21,7S6.6B2
«1,7»6.892
Netherlands.
Nat.Belginm^
National Italy
£
£
.
France
prrrsBCBO.
Total.
Gold.
£
—We
to that of
For the six months the net is not quite up
The Assay Office paid $211,269 througb the Sabgreater, and
millions
five
nearly
is
gross
the
1881, though
Treasury during the week for domestic bullion and
lines,
Western
the
On
reached.
been
before
never
foreign bullion, and the Assistant Treasurer
has
$709,645 for
below the best of previous years, but received the following from the Custom House,
in a surplus of
the improvement since 1885 ia indicated
Consisting of—
then
of
$987,080
$410,484 now, against a deficiency
DtUies.
Date.
Oold
V.S.
is
Gold.
Taking the system entire, the net result for 1887
Oertiflc's.
Nolo.
$5,532,769—the
$9,194,867, while for 1885 it was but
too, the net result is
gain being $3,662,098, or over 65 per cent.
The stock market this week has shown decided weak,
have suffered
ness, and even the better class of properties
West Shore 4 per cent
greater or less depreciation.
on
bonds, for instance, which last December sold at 106,
Thursday dropped to 98|, though having since recovered
number of rumors were used to
about one per cent.
depress the market, such as probable stringency in money
A
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.
This leaves
July
"
"
"
"
"
$1,000
2,000
2,:oo
5,500
3,500
2,000
$398,5C:2 47
22.
92
53
27.
455.382
559,701
891,955
465,020
2S,
3(36,093 3
23
25.
26.
91
93
$16,500
"$3,139,740 11
Total.
Silner Certificates.
364,000
2j2,000
$23,000
4S,000
6»,000
74,000
68.000
46,000
$363,000 $2,42^,00u
*333,00O
$i07,000
333,0 )0
442,0 JO
$10,000
63,000
45,000
112.000
07,00
32,000
701,0t>0
•
Included in the above payments were $14,000 in silver
coin, chiefly
standard dollars.
NEW RAILROAD COMBINATIONS IN ONN ECHO UT.
The New York & New England managers have
made a number of new acquisitions which clearly
recently-
indicate
the market whol'y in control of the professionals, who a determination to avail of every opportunity for extending
hammer prices at every opportunity. Traffic conditions the business of the system. On the point whether these
and prospects axe favorable, but 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
the week's receipts
by us shows
and gold by the
Wak
New York
banks.
Net Intfrior
Jtccctfedhy
Shlpvedhy
N. r. Banks, y. 1'. Banks.
endino Juli/ 29, 1887.
|
$1,037,000
Currency..
collected
and shipments of currency
MfiveTiunt.
(1,674,000
Loss..
I6J7,000
tl,674.000
Lj8S..
i6J7,0li0
Gold
Total gold and legal tenders.
The above shows
«1,0:17,000
I
the actual changes in the
bank hold-
and currency caused by this movement to
aud from the interior. In addition to that movement the
banks have lo:it $100,000 through the operations of
the Sub-Treasury, aud have gained $700,000 by gold
an ulterior object in view having for its purpose a consolon that point?
idation with the New York & New Haven,
we will say nothing beyond remarking that quite a number
—
combine to give plausibility to the latter
For our present purpose however it is sufficient to
view.
know that with these e.xtensions the New England is given
of circumstances
a wider
The
ings of gold
Adding
imports.
items to the above,
these
we have
the following, which should indicate the total loss to the
New York
for the
Clearing Houjse
week covered by
banks of gold and currency
Week tmdlno July 29,
Into Banks. Out 0/ Banks.
1887.
Books'lnterior Movement, as above
Bob-Treas.oper. and gold Imports..
Total gold and
Iftcal
tentlers
...1
Net Chan^ in
Bank Holdlnga.
S1.037,00o
tl,674,000
Loss,.
6.9uU.O0O
6,300,000
(iain»
1631,000
«00,000
I7.937.U0U
tV,974,00Q
Loss..
$37.iXH)
The Bank
of England lost £684,000 bullion during the
This represents £49,000 received from the interior
of Great Britain and £733,000 net sent abroad. The Bank
week.
of France gained
3,550,000 francs gold and 2,700,000
already in
traffic
latest acquisition of
its
possession.
course
Derby, in which
New England
representation this
week
Housatonic with
its
certainly of equal
if
is
is
the
New Haven &
were given a
but the earlier acquisition of the
;
lease of the
directors
Danbury & Norwalk
not of more importance. Besides
pretty generally believed that the
same
parties
is
this, it
have also
acquired the Shepaug road.
The New Haven & Derby
the bank statement to be issued
to-day.
carrying on operations, and a stronger
field for
hold on the
in itself
is
only a minor road,
New Haven
But being the only road
but thirteen miles long, running from
for
it is
to
Derby
and
Ansonia.
New Haven not under the domination of
New York & New Haven, it was considered desirable
running out of
the
that
it
should be
left in
independent control. From the
New Haven, however, there
standpoint of the City of
was anotlier object to ba attained. It will be remembered that one of the conditions under which Mr. Starbuck obtained the road, was that a connection was to be
This
built between the Derby and the New England,
JULY
THE CHRONICLE.
80, 1887. J
discloses the object the city liaa in view, for
tion tu bo ustablisboil
^ive
kill
Now Haven
is
made reasonably
a very short outlet to the
—shorter and more direct
in fact than
if
the connec-
direct,
West
it
will
via Fish,
any route
it
now
129
be »dmitt«d or not, it i4 easy to mmi that unlenc a new
ran side by side with the ContolicUtflJ all the way,
roftd
tiata
touching pre(!i8oly the same poinU aa the old lino, Ibo
control of theae leading railroad entrancoa into Connoctirnt
possesses.
Not only that, but by this connection both the might servo to thwart the effort at competition for Iho
Shepaug and the llousatonic might be made tributary to Sound Bteamera dopoeit both freight and paimngara
at
;
the city
—
especially
the point
if
of connection should be
The Shopaug runs north from
Hawleyville.
Litchfield in the northern part
llousatonic runs north from
of
that point to
The
Connecticut.
Bridgeport and South Nor-
walk (the latter point over tlie Danbury & Norwalk) all
the way through Connecticut to rittslield, Mass.
But if this gives us a clue as to the desires of the City
of New Haven, what are the advantages which the purchasers may hope to secure thereby for the New York &
New England? "Wo think wo see two ways in which the
those entrances, and with no railroads to carry the sam*
inland to a junction with the new line, the latter wtould lio
unable to get any of this important tradlc.
It is not to bo
supposed, however, that the New England managera
new lines on this idea, even though the linaa
made useful in that way. Rather is it likely that
ac<iuired the
could be
they would seek possession in order to overcome tho effecta
of present rail -and- water competition.
The Now England
has suffered from this kind of competition, especiafly in
the case of coal.
The traffic would come by water as far
work Ijeneficially as possible, and then find its destination over the nearest
for the New England.
Here in New York we are almost rail route, a very low rate thus being possible. With the
completolj absorbeil with thoughts of a New York and rail connections mentioned in the hands of the New Eng
Boston line, so we are apt to forget that the New England land (the New Haven controlling the only others at
has still another line to look after. We refer of course New Haven, Naugatuck and Saybrook), this form of com
to the connection with the Hudson at Fishkill.
It is petition might be checked or diminished, and thus better
claimed by many parties that it was a mistake to build rates to the New England be insured.
this extension
that it would have been better to have
Some will claim, of course, that these acquisitions have
devoted the money to securing a road to New York. But been made in order better to cope with the New Haven
however that may be, the question is no longer a practica- road. It is interesting therefore to observe that from that
ble one.
The extension exists, and a wise management standpoint they could also be made effective. The New
will make the best use of it possible.
The extension was Haven has recently absorbed a number of roads tho
I
built for tlie purpose of securing a share of the through New Haven & Northampton, the Hartford & Connecticn
business to and from the West, and to give New Eng- \' alley, the Stamford & New Canaan, and the Naugatuck.
newly-acquired roads might be
made
to
—
—
—
,
fields.
Dur- There is nothing striking about this, for the roads in
ing Mr. CHarke's management this through business was question have for some years been operated in the interest
land a connection with the Pennsylvania coal
New Haven. But it is rather curious to note that
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.
T5rie'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
discontinued,
Ijecause
the trunk
lieads, the traffic did not yield
lines
being at logger- of the
remunerative
rates.
•
the largest coal carriers (bituminous and anthracite) in the through Connecticut to the northern part of Massachusetts.
It is further interesting to note that
country.
'
between them the two
This suggests the question whether the new roads, and systems have absorbed nearly all the roads, large and
"f^Jeptecially 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 trafBc and especially the coal traffic. Practically leased to the Central Vermont, and the Connecticut West'these roads
open up the whole of Western Connecticut em which has just been turned over to the parties
The New England already has an with tlie Poughkeepsie Bridge.
identified
"and Massachusetts.
entrance into Central Massachusetts through the line to
Still,
there
is
very
little
to support the idea that these
moves are the result of increased rivalry, for the
they
necticut through Hartford, while double lines to Boston interests of the two systems are hardly antagonistic
give a good hold on Eastern Massachusetts, and the line are rather allied. The New England can and should
to Providence affords a good connection with the little develop its coal traffic, but it must not neglect its passenger
Out of total gross earnings in the year 1S85-6 of
'J'hus in effect the grip of the New traffic.
State of Rhode Island.
Springfield
and that to Worcester, and
into Central
(,'on.
recent
;
England
is
extended over the whole of the three States
$3,863,994,
$1,296,896
passenger receipts.
mentioned.
(about
one-third)
In the case of the
net, the
represented
proportion
even greater, for passengers contributed $534,697 out
But there is still another purpose which the
It should be borne in mind moreover that
of
all
the
new
$1,381,346.
Note
that
sitions might be made to serve.
England
is without a line to New York, the
New
ter.
while
the
their
have
Shepaug,
exception
of
the
with
the
lines,
new
—
acqui-
is
minus on the Sound the Danbury & Norwalk at South New Haven is without a line to Boston. Thus each is in a
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 Now York &
at New New England can use the New York .City & Northern, if
also has an outlet further west on the Sound
London. Now, from a^strategic view, are not these very necessary, for an entrance into New York; while the New
Shore
important points, in the sense that they command all the Haven, to reach Boston, has the choice between the
Boston
k
and
the
Providence,
&
Boston
the
Eng
line
via
principal railroad entrances to the interior of New
which
it is now
of
both
Springfield,
via
route
between
Albany
line
land ? It is commonly supposed that a new
and best route
Boston and New York, such as is announced every now using. Still, it is a fact that the shortest
Boston to
and then, would be a menace only to the New Haven or is obtained by using the New England from
(New
line
Air
York
Consolidated road; but would not the New England also Willimantic, the Boston & New
Ilavea
New
the
and
But whether this Haven road) thence to New Haven
suffer greatly from such an invasion ?
—
THE CHRONICLE.
130
proper to
New
York.
An
between the two
be quite natural. Such an
alliance
sys-
alU-
tems would thus seem to
exclusive use of the route
ance however, would mean the
Boston & Albany and
indicated, to the detriment of the
it has always been
and
Providence routes,
the Boston &
the owners of
understood that in such a contingency
of an
building
the
encouraging
by
these would retaliate
opposition line.
But if an
alliance is not possible or intended,
would seem,
harmonious arrangements such as now exist
desirable but imperative.
only
not
said,
have
we
what
from
FEATURES OF OUR FOREIGN TRADE.
The
June
ending
figures of our foreign trade for the year
at Washington
Statistics
of
Bureau
the
which
30,
interesting
has iEBued this week, afford material for a very
figures for previous
similar
with
contrasted
when
study
years.
Even
if
we
fVOL XLV.
silver exports
allow for the excess of
($9,036,313), the balance in our favor in the late year was
not quite 33| million dollars, while the sum required of
us annually in
payment
cover undervaluations,
of interest, freight, etc
and to
,
usually reckoned at three times
is
Yet in the face of that fact we imported
$33,207,714 net of gold for the twelve months. This
that amount.
brings
strikingly
out
repeatedly
feature
the
attention
called
to
which we have
recent months, namely
in
gold movement has not been controlled by the
trade situation. This movement of course is always affected
more or less by other conditions, such as the relative
the
that
abroad, and the extent of
American securities by foreign
But palpably these iofluencea
investors and speculators.
were paramount in the late year, and we never before had
money here and
cheapness of
the purchases or sales of
We
such a signal demonstration of their importance.
exports and imports, and also the
give below the gold
must be admitted that the results for
Even though not
silver iBgures, for each year since 1871.
Notwithstanding
the year are somewhat disappointing.
entirely the result of trade conditions, these varying
the
the large shipments of wheat which distinguished
movements of the precious metals are interesting and
million
about
only
37
exports
are
merchandise
year, the
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 merwas 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
The total
1885-6, reaching not quite 24^ million dollars.
amount of 22 millions. The heaviest influx however has
trade represented by the imports and exports of merbeen in years when we had a large balance in our favor
chandise makes a somewhat better comparison with other
For instance in 1880-1,
on the merchandise movement.
On
the whole
it
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 connet to the amount of $97,466,127, and in 1879-80 wo
How the 1887 results
sidered an encouraging feature.
received $77,119,371 net on a balance of 167f millions.
particulars
with
each of the sixteen
all
these
in
compare
years preceding, can be seen from the following.
TAiUB OF IMPORTS AND EXPJBT8 OF MEKCHANDISE FROM 1871 TO
1887, INCLUSIVE— SPKCIB VALUES.
rear enaino
JuiuSO.
MerdiandiM.
Exforti.
Imports.
r«ar
ending
,run«30
Total B Tears
Arerase.
of Exports
or Imports.
442,820.178
520,223,684
444,177,586
626,595,077
M8,47»,»22
686,283.040
642,186,210
567,406,342
Imp.
Imp.
Imp.
Exp.
6ia442,711
633,006,436
Jnip.
2,908.203.437
8,880,366,749
301,840,687
577,878,340
540.381.671
1878
1877
878
1879
1880
602,475,220
460,741,190
451,823,126
604,865,760
710,430,441
445,777,775
835.638,653
667,954,746
43^,051,132
8.383.803,756
2,462348,369
Average.
676,760,751
402,569,674
1881
002.877,348
642,664,628
1882
1883
1864
1885
750,54^,257
724,839,574
823,839.402
740,613.609
723.180,914
667,697,693
74i:,189.756
577,527.329
Total 5 rears
and Exports.
1873...
t
66,6^,208
49.548 780
44,88,715
77,403,506
182.417,491
1,070,772,668
119.656,288
1,164,616,13!)
18,876,693
1,158,689,382
19,582,725
1,046,448.147
Imp. 380.163,312
Imp. 76,032,662
Exp.
Exp.
Exp.
Exp.
Exp.
063,043,862
1874...
34.042,420
1875...
1876..
66,980,977
31,177.050
1877...
26,590,374
6,398,570,186
1,079,714,036
79,843,481
1,001,125.881
151,152,094
1,053,798 348
257,814,234
1.131.817,298
264,661,666
167,683,912
1872...
1878....
4,587,614
1880
3,639,085
1881.
2,565,132
32,587,880
11,600,888
41,0M.95'
1,156,217,816
1.503,593,404
3,336,710.138
7tll. 892,474
667,142.028
1888
1887
679.62 »,830
685,436,136
716,704.984
69^,259,751
9,204,465
1870.
1884..
6,883,561
31,755.780
14,386,463
17.3«'9,317
8,717,458
80,328,774
5,(126,231
25,302,543
89,751, S59
12,798,490
28,953,369
8,951.769
23,636,216
Exp. 69,S09,641
Exp. 40,831,302
8,682,447 Exp. 36,174,208
I
19,503,18: Exp. 14,539,283
Exp.
7,992,7i9 Exp.
26,218,234 Exp.
13,830,215 Imp.
5,824.948 imp.
80,758,396! Imp.
100,031,259 Imp.
34,377,054 Imp.
17,734,149 Imp.
2?.831,.S17 Exp.
26.691,896 Imp.
13,e96.79H
32,687,085
17,'947,241
53,284,184
25.151,165
23,184,341
25,329,862
341,140
29,57 1,H63
14,588,180
15,04 ',683
4,125,
24,535,870
16 491.01'9
8,044,571
1,037,334
20,409,827
14,671,052
5,738,775
77.119.'I71
18,501,894
12,275,914
1,227,980
97,466,127
18,841,716
10,544.28t-
8,297,477
1,789,174
16,829,590
8,095,336
8,734,263
7,203,024J
7,943,1.72,
17,385,280
I
0.133,261
20,219,
l4-'>
9.464,203
10,755.24
14.594.945
18,213 804
28,051,426
33,-53,833
16.550.6.:7
11.456.481
17.203.006
42,952,1611 20,743,349lExp. 22.208,842
29,511,219
17.8 0,:i07
ll.«60.9ia
»,70I,187i 42,908,90lllmp. 88,207,714
28,206,504
17.260,191
9,0-36,313
8,477,892
18,250,640
Exp. 920,055,387
Exp. 184,191,077
53411.652,125
1886..
1.169,380,425
l')87....
Exp. 259,712,718
Exp. 25.902.083
Exp. 100,658,488
Exp. 72,815.916
Exp. 164,682,426
1,545,041,974
Exp. 623.752,231
Exp. 124,750,446
7.295.172.507
1.459,034,502
values.
Exp. 44,088,694
Exp. 24,445,233
1,314,960.066
sent a falling
1,408,964,735
1879-80 a falling off of 119 million dollars, and as comWhat
pared with 1880-1 a falling off of 185 millions.
1.475,1H1,831
1,547,020,310
1,408,211,302
We have
able balance
1,319,717,084
still
8,9G9,462.3(>9
Average.
Imports.
Total Imports
1885..
Total 5 years
Exports.
Exports.
ExctM
1871...,
1871
187J
1878
1974
187S
Exestt
of
Exports,
Excess of
Imports or
Imports.
Exports.
already indicated that in part the less favor-
now
is
greater degree
the result of
it
is
heavier imports, but
As compared with 1882-3
oS
itt
the result of diminished export
present exports repre-
of 107 million dollars, as
compared with
Thus while the exports have itcreased only 37 million
compared with the year preceding, the im(;ort8 are the reasons for this contraction, and what staples of
have increased nearly 57 million dollars. In only two export account for it? In the Chronicle of July 16, we
other years has the total of the imports been exceeded,
gave an analysis of the breadstuffs exports, showing a
namely in 1881-2 and 1882-3. The exports, on the other very heavy decline in these items, and the reader who
hand, are the smallest since 1879, with the exception
of wishes to pursue that branch of the inquiry is referred to
last year, as already said.
The excess of exports ovpf those figures. But there are other staples which play
imports has not been so small before in any year sinco
an equally important part in the export movement cot1875.
As shewing how greatly the result has changed in ton, provisions and petroleum for instance and to show
dollars as
—
—
recent years,
it should be noted that while the
excess in
the late year was less than 24| millions, even two
years
ago
1884-5) the balance in our favor was over 1641
it was nearly 260 millions,
in
1878-9 over 264^ mUUons, and in 1877-S almost
258
(in
miUioDS, while in 1830-1
miUioDS.
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
tions.
The
to cover
all
descrip-
figures for 1837 are subject to slight
changes
minor items and ports not yet heard from.
J0LY
THE OHBONICLE.
80, 1887. J
ntet rmr
I
Brrod-
ProvUtafi$
tnOtd
PttroUum 1Ma(
Krgurtt.
I
JtoMBO.
I
urn..
«
ISO.c'l
um..
9
•
I
'.«.««
8«,sas,'ws
W.BM
I)8JI7S.4I8
•
-.-^1.484 iM.tmijirr
«0,S74,»7rftiW.n
181I.7U
IIOiiA'<7.»<« Inv.lkX.llftOI ii»,H'j7,ii(n
«ll,SOA.94un:lS.i'
1880..
lasi..
»<«.7A4 ,80: i 1 1 ,^^s,MU IS11,4N<,10I
saa,«M,T20 «47,8as,74a ISISR0«,840
I
86,lll8.IUt.1 IW:.'
I
40.3ia.goB{:i4.Hi7,tii'.
ma..
l8S,c
1888..
0^341 l8W3ia,M4 iiia.09oMo Bt,»U,70n
I
'411
,
H'l
.
8omo
3 inllllon dollam
not yet rt-ported on.
Not one
m lat
up
to its best previous total.
for 156J millions in the exports of 18S0-1, in the late year
counted for only 92^ millions. Petroleum stands at only
millions, against over 30
preceding, and
millions
in
the two
1831-2.
over 51 millions in
years
It will be
noticed that these four leading staples furnish over 70 per
table
we give the average export valaea
number of leading artiolea.
for a tarlea of
yaara on a
ji
f^
|1
/i'lifa
,-i
ti
'3
A n
i!
H
11
i'^
cu.
IMlM.
Doll:
p(..
m..
cu.
uni.
78.9
1
Bl.d
S8e.4
14.9
38.7
11.4
18(78.
09.8
1
47.3
10.4
813
433
7 lO.S
7 183
843
833
088
083
ru.
133
101
173
00.8
1
L
1878.
«I3
1
1874.
71.0
1
1878.
84.8
1
19.4
lh7B.
87.
1
34.3
In.U
(
1877. 88.7
1878. 863
187U. 47.1
1880. S4.3
18BI. 88.3
1883
60.8
1888. 68.4
1881. 01.
1-8S. 84.0
1886. 403
18B7. 48.0
1
7
14.4
M3
8
S 313
• 483
IB.)
I4.I
11.4
143
13.1
88.8
133
113
113
103
113
113
113
103
103
6 883
I
383
083
•13
1
11.4
S 80.8
1
las
•
8
8
4
t
1
B3S3
8 87.8
1 13 7
1
g63
863
873
80
183
1S3
1
!
14.0
96.5
i! j!
cu.
103
a«.7
CU.
313
07.3
070
10.4
11.7
07 7
«.l
(K8
«3
Ull
00.4
078
0-3
133
1*3
10.1
08.7
ns.7
tS.7
I0.«
003
383
903
073
083
180
143
07.4
00.1
08.4
17.1
0^3
003
07.7
00.0
11.8
OO.O
083
083
113
003
073
073
103
103
183
08.7
003
08.6
06.7
103
O0J
083
003
U.t
10.3
80.7
10.7
10.0
08.7
a«t7
O0«
«a»3
4 81.7
093
07.7
07
«3
10 w
083
073
j
'
1
00.6
1
073
'
06.0
07.0
'
:
i
Ctt.
00.7
10.8
14.4
103
07.7
08.0
06.0
073
073
063
066
06.4
'U.
ia.7
11.1
1*3
183
113
113
083
003
lU
18.1
113
113
103
183
183
163
083
083
083
•Inoladlng Sea bland.
As low
prices have
now become the
it is
important to understand that
the changes from
owe
in large
In the late year, for
'1
l!
,
w
rfi
000
083
31.1
cent of the total exports, and account almost entirely for
year to year.
coarae to the eaae of
of
thia haa
•SS.OTS.ilwl
47,I08,»48 Mt,0I6,l«.-. TM.MII.IWO
S0,l!S7.IM7 Blll,«M,l«a7lJ.I'4U.7U
Taking the breadstuSs value at 165 millioDS, there is a
decrease of 104 millions as compared with 1880-1, and of
lUl millions compared with 1879-80,
Cotton shows considerable stability, and yet even here there is a decline of
41 million dollars as compared with either 1882-3 or
1880-1.
Provisions and dairy products, which counted
45^
tay that there the deellae la prie*
been accompanied by a dimiontlon
in the quantity shipped because of the prohibition plaoed
on the same by many European nations. lo tbeaaoexod
be aAdeA to thin to cover minor ttoia*
of these staples is
may
equally important, though
ia
4(,»1^07« eO^»S2,7R7
1W,37«.S31 S0l,«81t,49H 107,II82,4Jyi
1S&,M6.U8 «»,0NS,64a go,63»,sia 60,100.844 471,7e7,a«)|n;H..')84,880
'lll2.4:W.lm.M6,a«,<)S7l M,»74.a6S _4S,4V3.«74 9a6,g46,410|ll«,704,aM
laaa..
*
I
»07,47a,338 It47.8ll8,7«l lov.atriiA
ie8.Ml,n8 l»7,01B,a 4||14,3SS.7X8
.
1887
.
•
I
44T,MS.8NA Ml>,aH4,8Tl
•1,780,438 4(W.<i7..'nR(v>a.«7».««i
181»..
.,:;
dairy product*, but
pork produoU
187B..
18M
UW..
AU
Tulal
ftour
SUtpUt,
181
measure the
falling
rule the world over,
oS
to
is
it
in the
them that we
value of the
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 18:i6-7 exportable products.
it famishes 206 millions oat of total exports of 716|
instance, they
six or
THE BRiri^H NA VAL REVIEW.
A pronovmced feature of the foreign news of the week
In the case of the breadstufls ship-
has been that relating to the grand naval review off
ments we saw two weeks ago that a very important element was the decline in price. Com exports had fallen
off largely and even the fijur and wheat exports, heavy
though they were, did not quite equal those of 1879-80
and 1880-1; but the main reason for the contraction was
the low prices prevailing.
As regards cotton and petro-
Purtsmouth in honor of the Jubilee of Qieen Vic'.oria.
The reports, glowing as they have been, do not aeem to
have exaggerated the magnificent and imposing character
Over one hundred ships in lin? and such
of the display.
fully manned and eqaippei, and in the grandeur of
ships!
millions.
But why are present exports
seven years ago
?
leum the explanation
is
much
so
much lower than
the sama.
Here
a table
is
giving the exports of these latter two items in quantities
187B
1877
Pound*.
3J2I4,6S2
ms
um
241.140.310
8,463,741
3311, IS3
1,833,061,114
410
3,391,796
illustrious
As
OaUons.
1,491,400334
1,44S369,I80
1.607,5S3,M1
1,638,372338
3,180,473
wished, and
Petrolrum.
90.
Balt».
their holiday attire, the weather all that could
scene
Cotton Bxportt.
Ttar indinv Junt
—
—
!)06.078,»u4
—
it
royalty and
all
that was
noblest
have been
and meet
in the land lending dignity and grace
was a sight such as had never been seen
to the
before.
a demonstration of wealth, of strength, of skill and of
enterprise,
it
greatest naval
its way, a triumph worthy of the
power which the world has yet kaown.
was, in
SS4,<)67.f)o9
Such demonstrations are not in themselves noveltiea.
world has been m.ide familiar with them both in times
The
804,480 733
4,549,743
2,101,938.773
Great Britain herself not to
8,604.106
1,780,97&.961
337
of war and times of peace.
4,636,806
3.S88,07G,0«3
400.932, S84
and to compare things that
date,
go back to too early a
in*
3384,233
1388,572,030
808,489.090
1886
3.909,81)8
1391,(169,473
SB8JWi.730
naval superiority after the
her
of
show
made
a
differ
ISDB
2,058,037.444
n4.e:13.206
4J8-i3,723
more recent times after
in
and
Napoleon,
1887
long
war
with
3,IS9.4»7.330
B7n.O»4.(W8
4,480,930
Whether we take bales as the unit of qaantiiy or the Crimean war. But these were insignificant when
poimds, the cotton shipmen ts in neither case show much of compared with the demonstration made on Saturday a
a loss as compared with the best of previous years. The total week ago. It is something we shall not say alarming,
is about 136,000 bales below 1883, and only about 59,000
but well fitted to fill the mind with awe, and deeply sug1880
1881
1888
1883
87a,0ei 711
SU
It 9
—
tti
fifi6
—
—
below
bales
both iastances
Still
more
and yet the decline
1S81,
as
strilting
we have seen
is
the result
is
as
in
values in
41 million dollars.
to petroleum.
This
records larger shipmen's than in any previous year; even
as
compared with 1885-6, there is an increase of 1^ million
though the value of the shipments is 4^ million
gallons,
dollars less.
was
less
The
truth
is,
the average price per gallon
than 7j cents, or lower than ever before.
average per pound of cotton
is
the lowest in thirty years.
The
the smallest on
wheat
to'
is
only a
fl
>ur
is
average on corn and
We
one of those
have not the time
length to the different items of provisions and
vessels, the
neighborhood of Coney
Colingwood,
if
stationed in the
Island, could so fling her deatrac-
live missiles into
New York
couple of hours.
It is
as to destroy the city in a
something even more awe-inspiring,
and even more suggestive, as to the
posaibilitiea of
tbeae
monsters of the deep, to be told that vassels are
projected or in course of construction which will leave
steel-clad
The now
over 9 J cents
price realized on
record, while the
very close to the lowest.
refer at
little
gestive as to the possibilities of the future, to be told that
even the Colingwood far behinH, and tQat shou d another
naval review be held a few years from now, it would be
as far ahead of the review of Siturday a week ago aa that
was ahead of the demonstration which followed the
mean
war.
Cri-
—
....
THE CHRONICLE.
132
that
however, as we may,
tain
be contemplated. Look at it,
was intended to
there is no getting over the fact that it
of
manifestation
a
be, and that it undoubtedly was,
may
XLV.
an absolute necessity for Great Britain to main
and powerful navy. As said above, her
But such a^
colonial and commercial interests demand it.
navy as she does maintain she would not need were it not
afiair
whicti the
There are many points of view from
[Vol.
it is
a large
for that very spirit which makes the large continental
has become the fashion of late to
The British navy is undoubtedly
that were, armies necessities also.
speak of Great Britain as one of the Powers
taxpayers, just as the army of
British
the
she was no a burden to
and to talk as if, from a war point of view,
burden
to Frenchmen and the army of
is a
Prance
great Contilonger to be considered on a level with the
Germany is a burden to Germans. la the long-run, when
It
Russia.
and
France
Germany,
such
as
almost as expensive as war, and
nental nations—
it is found that peace is
such huge that in the maintenance of vast armaments, naval and
quite true that Great Britain cannot boast of
It
British strength.
is
it is
armies as can some of the Continental nations. But
insuHer
also true that she does not need such armies.
It imposes
lar position relieves her from such necessity.
however, another necessity— a necessity which
emphasizsd acd rendered more imperative by her vast
upon
is
w&
military nations are but committing self-destruction,
we may see a reduction of the British fleet as well as a
The change cannot
reduction of the continental armies.
come too
soon.
her,
WEHKLY RAILROAD EARNINGS.
and mercantile interests— and that is the mainExcept for a falling off on some of the roads running through
Wliat their armies are to the winter-wheat district, the character of the reports or
tenance of a powerful navy.
the great nations of the European Continent, that her earnings is the same as heretofore. For the third week of the
navy is to Great Britain. It is the right arm of her month fifty-four roads show a gain of §332,543, or 11 '70 per
colonial
was becoming that on the Jubilee occasion
such a naval display should be made, that the world
should know that her right arm had neither weakened nor
It
strergtb.
and that
lost its cunning,
upon her
to
if
the necessity should be laid
draw the sword, she was but
little likely to
be found wanting.
In 18V8 she surprised the world by the use she made
It mtde an end for the time of all talk
of her transports.
It can hardly be doubted
of British military weakness.
purpose.
It is
the part of
very true that there
is
week oj July.
18S7.
$
Buffalo
N.Y. APhlla....
57,300
&Pitt8D...
39,1)29
BiUl'alo Kocli.
Cairo Vlucenues & Cli.c.
Calilurnla Southern
CMcago
<fe East. Illinois..
Clilcagi Mil. & St. Paul..
&
Cflic.igo
Cm.
West Mich
42.Mfe9
432,000
26.136
46,512
....
St L. &Cliio...
Cinciunati Jauk. Ji Mack.
lD(l.
&
a strong desire on
Cleve aad Akioii <tCol...
Cleveland ^StMar.et'.a
to
17,842
29,463
237,000
43,3t5
tanatUan PacilicCblcauo & AtlautJo
Ft. W..
Cio. Rielimoad
Bait.
Ciucii-nati Wash.
Government and people not
the British
3.1
similar
demonstration will serve a
that this latest naval
cent.
9,V.ii
7,-i05
&
38,038
1 1,253
4.302
5,868
9,813
151,000
21,255
19,535
97,036
4,172
18,249
50,697
&Ciu. Midland
Dayton FortW. &C
iieuver & Klo Grande
Den. & Rio Grande West.
Col.
ought not to be forgotten that
iteNoitliem.
this very love of peace would give at once purpose Der. Linsing
EastXoun. Va. iS Ga. ...
and energy to the nation if war should be forced upon it. tvansvlUe & Indla'poUs.
EvansvUle & len-eH....
No grander mistake can be made than to suppose that Flint & Pere Marquette..
distuib the
peace; but
Great Britain
is
it
Sir Charles Dilke
Ft. Worth & Deuv. City..
Grand Kapids & lud
" Political Condition of
Bloom. Js Western..
Kingston & Pembroke
not prepared for war.
liid.
n his admirable review of the
Europp,
givrs
as his opinion that
it
Great Britain
is rela-
and
things considered,
all
stronger
. .
.-i.
Britain best will
when he
still
further agree with Sir Charles Dilke,
says that of
the Powers Britain alone could
all
Norfolk
ife
.
Western
Peoria Dec.
(K
Evansville
& Grand Island..
& T. H. (M. L.)
endure a long war. The naval review will not have been
Branches....
held in vain, if it shall have the effect of convincing the St Louis Ark. & Texas...
naval Powers that there
is
from any rash disturbance
There
is
great danger to be apprehended
may be
of the peace.
Louis
Paia
contemplated.
"We have often
these columns to express regret that
there should be any necessity for maintaining in Europe
in peace times such vast standing armies, and we have
armies, while they grievously multiplie d
the burdens of the people,
exercised upon all kinds of
productive industry a most depressing influence.
It is
literally true that for the last
San Fran
DulutU
&.
ife
Ann Arbor & No.Mieh
& Ohio Central ...
Wabash Western
Wlieellug & Lake Erie
Wi-sconsm Central
Minn. St. Croix & Wis..
Wisconsin & Minnesota.
ToleJo
taken occasion in
shown how these
St.
St.
Tol.
a less cheerful aspect in which the recent great
naval spectacle
Bt. Jos.
8t. L. Alt.
Total (54 roads)
Set Increase (ll-TO
2(J
week of Julu.
Caifointa Southern
& Texas Pao...
of the inconveniences o; war
And so long as pie
Alabama Great So
New Orleans & N. E....
vail those feelings of rivJry, distrust, jealoisy
and fesr
Vloksburg & Meridian.
Vlcksburg Shrev. & Pac.
it is difficult to see hew such a state
of things is to be EastTemi. Va. & Ua
brought to an end. It s impossible who'ly to exclude Florida R'way & Nav. Co.
Grand Trunk of Canada..
Houston & Texas Cent.
Great Britam from the list of tho:e nations which
main- Kansas City Fort 8. & Q.
tain a species of war policy in peice times.
Kansas City Spr. & Mem.
It is long
.
quite as
much
as those
was much force
in fie
who had
ruled before him, there
expression.
It
is
true enough
18.2.57
43,961
£6.403
2,25 J
35,8itj
9 >,5SJ
19,577
28y,ljO
38,34
29,587
64,858
66,58S
12,129
31,-33
,
63,.J0j
253,231
16,385
3,688-
1,388
248
5,749
709
43
554
5,297
10,211
6,230
4,281
21,346
861
2,682
7,017
7,918
5.218
7,279
1,028
1,962
7,096
623
440
8,6o2
7,812
28,312
18.064
3,024
2,202
12,544
21,746
1,268
20,:>y7
53,5tJ3
2J,675
14,750
34,34o
115,636
t.3,7oO
35,6,54
10,108
16.827
139,664
13,911
33,701
8.605
15,531
32,106
6,687
16,226
100,074
13,142
23.971
3,715
2,944
3,174,199
2,841,657
$
Cin. N. O.
since Mr. Disraeli spoke of her "bloated
armaments;" and
although he came in course of years to be
an offender
23,242
1,323
5,033
20,931
63.1)82
1887.
eiKhteen yeais most,
nations,
14u,78»
18,025
2),816
75,6&u
1,871
16,366
5,000
13,929
2,836
3,29T
2,667
2,100
19,223
31,386
3,543
.........
3,421
601
39,580
769
0.733
4,890
12,587
374,576
332,542
42,034
.
many
Eiropean
50,20.
8,146
7,453
32,28"
10,544
4,341
6,422
4,516
200
11,600
For the second weel our final statement covers 73 roads, on
which the increase is ,4'33 per c ent:
Prev'ly rep'ted (.ii roads)
Atlantic <B Pacific
Burlington 0. R. & Nb...
of the
$
57,100
2<.029
19,714
13,' 97
232,000
29.376
40,153
4 5,242
24.813
p. ot.)
if not
even in times of peaca, have
been bearing the burdens and experiencing otherwise
all,
Decrease.
«
49.17y
37,848
97,666
20,200
259,570
46,951
37,399
93,370
74,6 <2
15,153
34,035
76.049
274,977
15,117
17,100
26,342
16,850
and better LonisvlUe & NashvlU^.
l^onisville N. Alb. & Chic.
prepared for a great coLflict than before or after the war Maiquctte Honsh. & On
with the First Napoleon. British wealth is enormous; and Milwaukee L. <k West
&Noithera...
wealth is an all-important factor. Those who know Great Milwankee
N. Y. Ontario & We.itern
tively,
Increase.
S,
43,580
10,339
3,28)
Lake Jiiie & Western
Lons lolaud
Lonisv. Evansv. &St. L..
1886.
Kansas
&Spr....
Charleston ..
C. Clin.
Memphis
<fe
Mexican Nat.
(So. Dlv.)..
N. Y. City & Northern....
Toledo Peoria
&W
Total (73 roads)
Net Increase (14-23
p. c.)
1886.
Increase.
9
$
3,058,406
2,710,619
5l,22tl
31,462
46,455
44,987
28,264
61,892
24,910
8,(j85
7,028
6,162
103,626
16,817
360,016
50.423
43,632
33,224
3,486
29,349
12,568
53.89u
16,526
5,959
5,8.SO
5,478
70,209
14,127
3^8,190
45,:i42
36,16t
21.217
3,351
11,297
16,539
23,480
21,4S2
10,45?
15,875
3,974,128
3,478,988
14,72i
Decrease.
$
390,272,
19,767'
42,485'
1,46»
15,696
7,996
8,414
2,126
1,198
........
684
33,417
2,690
31,526
5,081
7,46 !
12,007
135
&,869
6,759
63i»
661
545,819
495.140
50,r09
..
8
..
JPLT
.
1
1
,
THE CHRONICLE.
30, l()87.J
IMPORTS AND EXFORTH FOR JUNE.
138
8«0netaru«c:ommcvctal SnQUsWf^tvon
The Bureau of Statlatlcs hiia isHued ita detailod atatement of
tlio foreign oommeroe of the country for the month of June
and the six and twelve montha ended with June 30, 1887
(From our own oorrwpoiia«BU|
LOKBOII. SstunUy, July
The course
SB well as comparisona for the corresponding perioda of the
daya
preceding year, as follows
which we hare been recently enjoying.
:
luis
not indioMted that degree of
coniniitmenta are apprehended.
Fortke
rortktO
ForthtM
Monlht tniitd HonUuendmt
June 30.
June 30.
month of
June.
1887.— Exports— DoroMtlo.
9i7.192.91A $324.^30.972 $703,546.0«.1
13.198,919
•716,704.984
693,299,751
Foreign .
8«l,l>71|
0.391.260
Total
9l»,0.^3,^8•i 9iJU,llll,n87
Iin porta
61,172,900 3S7,4iO,174
Szoea* of export* over import*
Bxeeaa of Imports over exporta 13.119.374 926,908,337
1886.-:Exporta- Domestic
«34,S74.9^3!9320,493,937
Foreign
1.332.7,M|
7,116,937
Total
995.907 ,304.9337,eii>>74
Imports
91.ail.998| 33<.9>9.612
Sxooas of ex|>ort8 over imports
l,69S,3u6
Excess of liiipurts over exporta
9978,738
.
ooafldMM in
•M,449.2i3
It
aspect of the case, howerer, which
at St. Putontburg
and
is
fs
IMT.
pMt t6m
the future
T!ie proepect
entirely devoid of ix>litical uncertainty, although
MKROHANDISa.
16,
of Stock Exclmnip) buitoiB tfviing the
is
HOt
no gnlT«
chiefly the «»niiHftol
rauning anxletj'.
at Paris troubles appear to
BMfc
be aoety^U-
lating.
The publication of the recent ukase against the Oermans was a very bad move on the part of Ruatio. Ono«
destroy the Berlin market for Russian atocks, and the difficulties
experienced in bolstering up Rtuwian credit will be in-
9Ce5.964,9S9
13,960,301
96.9.sai.iJJO
63N.43 9.186
~|4t,0.8.6l«4
Indeed, were Berlin holdcnv to
crascd tenfold.
commence
In
earnest to divest themselves of Russian issues, the market
would bo thrown into a
state of disorganization
which would
effectually prevent the carrying-out of the proposed conver-
OOLD AKD BILVBR—OOni AKD BULUOK.
L887.-£zport«-Ootd— Oom.
Fotaigu
Total
Silver— Dora
Foreign.
Total
Total ex porta
86 947
9620.316
91,383.286
364.848
Imports— Oold
SUver
Total
Sxoeas of exports over imports
Bzceas of Imports over exports
sion scheme.
93.<98,e»3
3.963.4^9
97,1U2.14;
9).29e.818
$.943,096
f533.36>
.
9).709,30l
^_3;99M83
The withdrawal of German
financial support
would mean for Russia very serious embarrassment aiMl
might precipitate a crisis which the present ruling powetv
9-^,994,274
99.701.187
917,005.036
9.291.468
92e,2»6,004
989,997.691
942.908.901
982..'>9ri
7,937.4.^1
_17.2»>0,191
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 Antipodes, via the Panama Canal, tieing well received, and sub-
9l.48tt.l«9
913,921.729
$5,880,326
960a69,09a
scriptions previously
91,747,644
92,367.990
912,2Slt,»04
99(^3.553
919.402.091
9881,801
may
be excused for regarding with dismay.
came forward
rather freely.
There are
now, however, persistently circulated rumors of a failure of
1886.— Exports— Gold- Dom.
9!>,687.538
9^2.766,066 the undertaking, to say nothing of the proposed Nicaragnan
Foreign
2,6!I2.60.^
10.136^125 scheme, to he carried out imder exclusively American ausToUl
$-,360,143
«4 -',952, 19
pices.
Should the.Panama Canal prove a tinancial failure, the
Bit ver— Dom.
91. 0^ 5.800
9li',l''8,051
Foreign
793,331
lO.a.ia.ies loss would fall almost, if not entirely, upon the French
Total
91. 844,13
9l2,9U9,c>76:
investors, and the possibility of monetary disturbance is
Total exporta...
«10,334,2T'I 951,743.558 $72,463,110
Financial troubles at
therefore correspondingly augmented.
Imports— Gold
V.262.691
91.394,554 920,743,349
SUver
1,176,305
7.490.725
Berlin and Paris mean a thorough unsettlement of the foreigh
17,?50..<07
Total
91.438.tl96 911.889,279 9J8,59^,t>56 bond market.
Excess of exports over imports 98,799,278 939,858,279 933.869,764
Again, the late collapse in America in wheat and coffee,
Excess of imports over exports
Ac, have rendered operators here rather anxious lest further
TOTAL XERCHAMOISE AND CODJ ASD BULLION.
Under the circumstances, Sto<^
troubles be impending.
Exchange speculators seem to have resolved upon an attitude
1887.— Exports— Domestic
|94s»,lO9.170'$3H7,">l(>,0-t2
924"l7i'.4()i
.
.
$7:i«,v5n,405
13,297,806
2(5,446,270
'$'0,121,536.|350,313,'>S8 9752, VOL'. 075
ti2,65t).10.370.941,899 792,428,S 13
Foreign
l,312.36t-l
Total
Importa
Excess of exporta over Import*'
9273,832
Excess of imports over exports $12,237.6731 92oV628'.6l"i
188«.-:Exporta— Domestic
f6l.3l7,391|9358,919,96.'1 9717,888.6(6
|
'
Foreign...
Total
Imports
4.8J4,1')7
2<'.434,4(9
34.099 .5i;4
9«b.l41,iS7« $j7!*,35V.4i2 $791,9!J8.Z40
93.«:50.g94 340,474.891 674.029,792
Excess of exports over Imports 910,490,584
Excess of Importa over exports'
*J»,87»,54li 977,9i>8,448
IMPORTS AND BXPORTS Br PRINCIPAL CUSTOHS DISTRICTS.
CrSTOMS DIS-
June,
ibicts and
Ports.
IMPORTS.
Exports.
18 m<m(k> ntdtDf
12 months endinc
June
Importt.
-
BAltimore,Md.
Boston. Mass.
1887.
Export*.
1887.
June
SO.
1.147,160
l,7l^.?46
12.S.!5.e8
S.KiT.'iWUl
,ii73,88»|
4I.»'>2
81.018,330
BumiloCk.N.Y
Ctasmprn, N.r
148.740.
80.
1886.
1897.
1888.
«
*
*
I
II,8V8.944
58,430.70.
5I,6<I7,14B
5V.a01.a<«
2.eir2,3l)0
I,748.9ei:
l.SOU,474
i53,203
721.581
14.826.218
l7,tf3U,(l:i8
l,4fll,»12
2,»J«,577
SB?,.-*";!
9Ut),I»S
Clil01un&tl,0.*
Petrolt, Mich.
11,704,47^
8.481.V4U
lO.ItM.MW
818.ilV7
Duluth. Minn.
dklTest'n.Tez
407,IHH
8,5SO,5.S0
2,3lt7.^Ult
S5.0S0
,(B8,788
».*>».»2W,
2.Z28,,V»
M.UftS
aiw..»i
7,440
8B,183
706,170
S««,V8H
I30,II7«
Mllwkee.WU.
437. 183
18.902,888
Ie,V8't,8Sl
lllnnVa..Minn
WMan,
SUeoes
143,«15
10,21ft
1.08 lim;
e4.St'8
Mobile. Ala...
ie.ois
Hl,&48
Orl'na.La
482,i7«'
.55 1, 78.8IV'^.13&
Yorlt,N,V 41,041,8911 2&;,823.086 4B6,eMj.e3l
KlaKttra, N.V..
2Ht.l»57|
S-itf
3,506,111
Norfolk. Va...
357,5781
Kew
New
gregon.Oreg..
»w««a'le,N.y
Oawego. N.V..
riilladelii. Pa.
Portland.
.Ve..
San Kran., Cal.
SaTannah, Ua.
St. I,Mils..\lo.'
VorriHiiit. vt..
Wllliimette.Or
WIlmlVn.N.C
Yorktown, Va.
l«,3la;
1411.361
»31.4S8
8.ft8rfM7
S!4».83e
2lil.IS3
:i,4":i,Kn
Mi 18
4.MV.338
,2I<4.3IU
3V.».>8.3IW
;u7,u-.:4
S2,484
8.002.888
40.707,7UB
2
1
1,83»,)>39
5,881.812
«lUJi3»
4.0:i0.737
I9.00C
l,0a4.»74
801,481
978,800
av.7iM
8,5>7.414!
i.74S.r-ll
8,115.171 79.919.909 fa.am.itt
4ia,838.93< 818,347.219 314,329.411
82,K2;!
2,880,588
B0,r<2t
184.717 16,480,140 11.637,137
I,32:l.>iv8
171.988
1,367,881!
8,066.088
l.SJl'.St^
1,817,0201
6.588,6M4
1,484 .3H2I
l.4f<2..-.<i
!'8,5nl.313 31,427.2111 S3.7H.:).7
1,907,81
8,IS1.3S3|
3,011.124
37, 1 42.11
33.:/34, >98 ai,«8'<.42l
>"5
,841I..')1U
«.j71i
2US,Mt
SOI.7rt6
SJW3.47S
8u;,7s»
8,8M.«7S
108.585
7.i«7
A,3S3
7S.249
S,572.W1H
5,919,408
l!:l,MI
I9»,3..«
82.4115
130.1414
849.1011
l<88.tMn
M.«,^M5
1,699J«I4
»,737.«81
803.879
81,028
8.(je)>.8S2
4.3110,3:11
7,408,017
3,(I84,:U6
3,J
1
1
Sl8JiO?
428.353
83,783313
1.608,796
8a,ll04.r<l2
Totals.
(Inall
Ulsta.) 61.178.980 48.0S3.586l«g8.239.7M 839.436.
cluding
otHr
,
Remaining In warehoiuie Juno 30, 1886
Remaining in warebouae June 30, 1887
U8
.Selling in thia
have compared favorably with last year.
department has been rather stimulated by the indifferent
traffic statements published, which, notwithstanding the generally satisfactory nature of trade reports have of late been
showing an unpleasant contraction.
The railway dividends so far announced have been as fol-
lows:
rinl Bat/ of 1987.
716.704,864 67«,S»4,830
939,069,730
934,873,977
' Interior porta to wbluli merchandise can b« transported wltUont
appral semap t> under act of June 10, 1880.
(.ondon and Brighton
Uanobrsier
Ftnt Half of 1886.
Balance.
DiHaend.
S.
Percent.
i.
l.ftOO
2«4
2,192
>•
2,329
HU.
«
3>4
t'ooo
Dividenel.i
3Su,l,'i8
Cbulest'n, 8.C
Chlcwo.in....
3,<ub
usual effect of limiting business. Sales with the view 6t
reducing accounts opened for the rise have therefore predominated and have brought out a general weakening of values.
The market for Engli-sh railway securities has been very
dull, and this although the dividends so far announced
33.H47.T88
54,08U.u88
8,043.1122
3,3 0,200
5.»75,l(*7
of expectancy, being apparently confirmed in their resolutiota
by the approach of the holiday season, which will have the
Per Cent.
3
SbeilleUl &.
Uiicolnabire
MeiropoUtan
Souibcaxtem
5
Balance.
92.(00
3,960
Money has been fairly firm though rather devoid of animaThe continuance of the gold inquiry for Berlin and
New York has been protluctive of steadineas and has cauaed
some hardening of prices. The Stock Exchange, however,
managed to obtain what loans they required from the banks
at the settlement at about 2 per cent jwr annum. Short loans
have been quoted at >i to }i per cent. The Bank or EngUuid
return does not show any new feature. The reserve is £51,tion.
heavier than last week, and the proportion to liabilities
has risenfrom 88-85 to 40-33 per cent. The stock of bullion
has decreased £142,587, the whole being ahwrbetl internally.
The reserve ia now £13,856,530, and the stock of bullion
i.23,447,105, in each case being about £1,800,000 more than last
3.58
year.
The
rates for
money have been
as follows:
THE CHRONICLE.
134
Open marhet
murtvtaOowftl
ratee.
for
iyad«
BanhBiUi.
FOW
Three
1«« - 1«9 1«« ma - i«ai«- i«ai«i««
iwa 2 ®
iHaiX iM® - i«® IM* - 8 «-
IT
17 a
84 »
Jnly 1 a
"
8 2
"
IS a
» -
1
At 7
to 14
Bariks.
1X®2
1M®2
aiHi
I
"
"
Ditc't H'ti.
Joint
stock
Six
UatUht Vontki Monthi Vonthi
Jane 10
Si
B<i:<.
1«®2><
1
-1
l«@2
1»®2
1«@2«
1
-1
1
-1
1
-1
Birmingham corporation 3 per cent
1
-1
Cardiff corporation 3
®2H 2M®2>4
l>i®l« 1«®2 2 @2ViS
IMiSS 2 »2M 2M'»2Hi
l«a2
2
The following return shows the
H 1 -1
the Bank of
position of
England, the baak rate of discount, the price of consols, &o.,
compared with the past three years:
ezoludlng T-day and
Otroolatlon,
1884.
1887.
1886.
1885.
£
£
£
£
25,335,290
25,398,855
26.014,190
5,153,481
other blllB...
Pnblic deposits
85,810,585
4,625,041
4,260,598
4,882,976
Other deposits
26,845,610
85.117,0««
QoTemment
17,485,651
i5,93a.5«';
34,244,417
17,034,990
19.101.839
19,915.152
22,338,959
secorlties
Other securities
Beeerveof notes and coin
Coin and bollion
Beserre to liabilities
Bank
Consols
Clearing-Honae retorn
The bank
13.579.571
22,218,669
12,858,580
11,553,438
17,837,457
14,310,688
21,140,728
87,486,312
24,574,858
2WP.0.
lOlX
45?tp,c.
2 P.O.
44J^ p. r.
2p, c.
lOl^d.
100,940,000
39
p. c.
now and
2
p. c.
9m
100?^
94,676.001 113,337,000 126,407,000
and open market
rate of discount
chief Continental cities
26,870,198
22,447,106
40-55 p, c,
rate
rates at the
for the previous three
weeks
have been as follows:
July
lUsteeot
Inttreftat
July
1.5.
July
8.
Banh Open Bank Oven
BaU. Market Bate. Market
PaHs
8
8
3
3
Berlin
FranUort.
Hamburg
Amsterdam
m
3
3
3
2M
2W
Brussels
SJ<
BH
Madrid
Tlenna
4
4
5
S
4
3
«
4
5
3
Patersborg.
Copenhagen....
Bt.
3M
5
3
m
1«
m
1.
Bank Open Bonk OpMt
BaU. Market Bate. Market
3
3
3
3
3
3
3
m
3
2X
2W
2«
2H
8H
8
4
3
4
iH
4
3
4
S«
4
5
S
5
5
3
4
5
3
2»
4
sa
3
&
Messrs. Pixley
Abell write as follows on the state of the
bullion market.
Gold has continued In good demand for Germany, and to-day some
considerable arrivals have been taken for New York. The Bs.uk of England has received ieiS7,000 and has sold £120,000. The arrivals
comprise 420.000 from West Cndles, £10,000 from the Cape, 580,000
from Brazil, £55,000 from New Zealand and *]95,i)00 from China;
total, £360,000,
Silver has remained steady since our last at 44ii6d., owing to Mint
demands; the rate tten fell to 44d., but to-dav, owing to the favorable
Bale by the India Council and the short supply of the metal to hand, the
price has improved to 44ii8fi, We have received £86,000 from Chili.
"<'" Yoik aud £8,000 from West Indies total, £136,000,
SJ^'2*'*^ '™™
The P, Je O. steamer has taken £72,000 to [ndla,
Mexican Dollars improved from our last week's quotation of 4:3i«d,
to iS^id,, at which rate the uneold portion of the arrival per Moselle
was placed. The Moselle brought £35,000 from West Indies. The P
* O. steamer has taken £08,0u0 to China and the Straits.
The quotations for bullion are reported as follows:
;
aOLD.
£ondon Siandmd. July
SILVER.
14.
July
7.
London Standard,
July
14.
All/
z
Bar (told, Bne.. oi.
Bar gold, contaln'g
77
80 dwtt, silver. OB. 77 10
Bpan. doabloons.os.
77 10
8.Am.doabloon8.os.
9
The subscriptions to the Birmingham corporation 3 per cent
loan for £1,000,000 amounted to £1,510,800, at prices varying
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
that price in fuU. The average was £92 8s. 6d. per cent.
The fresh capital creations for the week have been
1?«92
l«(a2
Bar silver
oi.
Bar sllver.contalnIngBgrs. gold.oi.
Cake silver
oi!
Mexican dols. ..oe
The Manchester Ship Canal Company
7.
d.
44 1-16
41 1-16
:
LOCAL.
"a
stock, at
£92
6d.
£1,000,000
per cent redeemable stock, mini8».
. .
mum 9S percent
Hobbs, Hart & Co. (Limited), £1 ordinary shares
do
do
£1 preference shares
do
do
5 p. c debentures
3,O0O,CO0
70,000
30.0CO
20,000
80,000
20,000
Stroud Water Company, £10 shares
do
debentures
do
West Worthing Waterworks
&
Baths
Co.,
£10
shares,
capital, £60,000, present issue
11,500
United Kingdom Tobogganing Co. (Limited). £1 shares
75,000
Highland Dlstlileries Co. (Limited), capital £200,000, in £5
shares, present issue
100,000
Paper Bottle Company (Limited), £1 shares
120,000
McNamara & Co. (Limited), 8 per cent pref., £10 shares...
70,000
Myers Patent Box and Barrel Machinery Co. (Limited),
£1 shares
120,000
George tJeal & Co. (Limited), £1 shares
60,0;0
Grabham St. Co. (Limite'l). £5 shares
20,0C0
Hyde Park corner (Limited), £10 shares
230,000
Manchester Ship (i)anal, perpetual, 5 per cent preferred,
£10 shares
4,000,000
FOREIGN.
City of Maccio (Brazil) Waterworks Corporation (Limited),
6 per cent, £20 mort. bonds
£60.000
Tate Bros. Agency & Trading Company (Limited) of .Sydney, New South Wales, £1 shares
100,000
Parana Land Company (southern Brazil), £1 shares; capital. £260,000 ordinary and £10,000 defeired shares,
present Issue £200,000 ordinary
200,000
COLONIAL,
Mauritius Government Loan, 4 per cent, at par
£102,900
Dull and featureless markets have prevailed for grain during
The tone was quiet for wheat, but any reduction
was exceptional and did not as a rule exceed 6d, per qr. A
the week.
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
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" produce 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:
A ores.
Tons.
Provinces.
188E-6.
6,970,600
5,240,381
3,902,707
Punjab
N. W. and Oudh
Central ProviQoes...
Bom'y(with Baroda)
Berar
Bmgal
2,989, .S39
808,515
850.000
1,500,000
3,500,000
1,144,000
20,000
50u,000
(Behar)
Kajputana
Central India
Hyderabad
Mysore
Kashmir
Totals
27,40=',742
1886-7.
5,943,400
4,962,942
4,297,949
2,860,454
933,938
1,009,33 i
1,562,309
3,500,000
500 000
1885-S.
1,825,000
1,847.400
859.7 3
801.400
115,502
335.920
336,000
500,000
114,000
2,056
133,333
28,735,484
6,871,364
l,l5rt,229
8,128
47«
44 7-16
47H
43^
I
at length find
them
1886-7.
1,361,915
1,732,050
860,000
801,4ro
133,419
400,000
397,769
500,000
69,565
1,244
133,333
6,390,695
the imports of cereal produce into the
The following shows
United Kingdom during the forty-five weeks of the season.
IXPOBTS.
1886-87
1885-86.
1884-85
44„S96,169
owt.
43,233,504 47,664,025
Barley
14,9il,045
9,287,615 15,166,371
OatB
11,896,096
9,068,223 11,182,480
Peas
2,233,570
;. 73 1,263
1,774,981
Beans
2,246,016
2,77«,238
3,087,498
Indian oorn
26,194,744 26,001.517 23,688,457
Plonr
14,933,315 12.360,854 14,839,197
Supplies available for consumption (exclusive of
Wheat
44 7-16
XLV.*
fVOL.
1883-84.
43,837,662
13,516,249
11,028,141
1,523,.506
2,700,513
24,514,814
13,252,967
a position to invite subscriptions for their perpetuaj
stocks on
6 per cent preference shares of £10 each, to the amount of
September 1):
£4,000,000. It was compulsory before doing so that a
consid.
1886-87.
188S-86.
1884-85.
1883-84.
Imports of wheat.owt.44,39e,l69 43.233.504 47.664.025 43,837,662
erable proportion of the ordinary capital—also amounting
to"
Imports of flour
14,933,315 12,3K0,854 11,839, 97 13,252,967
£4,000,000--should be subscribed, and a payment of £2
per Bales of home-grown. .29,550,232 38,085,376 37,1'25,367 37,043,736
share, or 20 per cent, should be paid thereon.
This has been
Total
88,879.716 93,679,734 99,628,589 947l34,365
done. £3,000,000 of ordinary capital has been
1886-87. 1885-86.
applied and
1884-85.
1883-84.
^
Aver, price wheat
week. 34s. 2d. SOs. 9d. 33s. 8d. 369. 9d.
£600,000 in hard cash paid, and a further 20 per cent
wiU be Aver, pnce wheat
season. 33s. Od. SOs. 83. 33s. 2d. 388. lOd.
ahnost immediately caUed. In addition the
contractor has
agreed to take £500,000 in paid-up ordinary shares,
EDKllab Financial markets— Per Cable.
selves in
,,
cash,
,
A
m
lieu of
required by the company,
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 wiU
be the time
occupied
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
wUl be 5 per cent
For the present issue subscriptions are
being received bv
Messrs. Baring Bros.&Co. and Messrs.
N.
Rothschild & Sons
loan for about £1,600,000 for the
construction of the Midi
land of Uruquay RaUway is expected
to be introduced here
next week by Messrs. Antony Gibbs
& Sons.
if
m
A
M
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending July 29 :
\
Lortdon.
Silver,
per oi
Sal.
d
Man.
Tuet.
4414
4418
Wed.
I
Thurt.
Fri.
4419
4414
4438
Consols for money
10Ui,e lOlUi^ lOlUifl 10in,„ 10111,8
.'onsols for account.
101U,B 101ii,« linn,8 lOU'ie lOlllig
Pr'oh rentes (in Paris) f r 81-2714 81-25
81-1714 81-2714 81-25
81-22
U. 8.414s of 1891
a. 8. 4s of 1907
:
i^Tle,
common
stoob....
rillnots Central
Pennsylvania
,111%
111%
111%
13139
6238
I3114
13118
89%
C838
32>8
32
:
"anadian Paoitlo
Wo. Mil. & St. Paul....
'p
^
=1
62
l,i7>.i
i...
Philadelphia &, Reading
New Vorlr Central
..
T
I
;
;
I
5,58
.^758
29
28%
1131s
H2'8
61l>8
88
3116
127
5738
2818
Ufa
111%
131
Xi9
86%
30%
12«l4
57%
2ti'8
IUI4
59
87
3114
127
57 14
27%
112
:
..
THE (JHRONICLK.
Ceatral of New
tfommjevcial and B(tscell«tte0«« Hews •bout
925,874.000
JULr
185
80, 1887.)
cwlm$
Jerxer.— Th«
bM mmtntot
omt) of iu s$oiif1tl»a, oat of
amount of 184,701.000 iMMd, wbl«h Iravsa oolr
98,e30,8(M) of all olaaaes unM»ent«d.
—The receivers giT* notio* tkat oonpons of first mortgag*
bondn due August 1st will ba pftid on and srt«r that <\*U>.
(nsarlir 75 per
the u>tai
Nationai, Banks.—The follovring baaks hare been orsaDiMd
since last advices
:
3,7B6— Thit West Bide National Bank
Robert
$100,0t0.
Wloblta, Kaniiaa.
Cnnllai.
Precldent
John Walls,
of
Ijiwrenoe,
B.
3,757— The C»< ver Natlnniil Riiuk
St. Ilelnna, Cal. Capltul,
A. I.. Wllllnms, Oaalilnr.
iif
$50,000.
I). I* Ciirver. Pre^lileiit;
KIrHi Nitllnnnl Kitiik i>r MllllinMik. Kan. Oapllal, $.50,000.
Wllllaiii H. Thoiiiiisoii. rri'«Mont, ; I'', fl. V6il(l«r. Caihlnr.
3,759— The h'liHt Nntlnnitl linnk of Kliislev. Kansan. Capltiil. «UM).Oa0.
Kurim K. b'llwni cIh, I'reoliluiii ; l''i cil. B. Ilinn, Caiililer.
8,758- The
8,760— The Niulonsl Hnnknf Oommerce
It til
of Kimmui (tty, Mlamiiirl. CupWllUnni B.Woods, Prosldenc; Luko F. Wtlnoii.
ii<2.t0<;,000.
Castler.
IMFOBTB AND EXPOBTB FOB THEWKBK.— The imports of lant
week, ccmpared with those of the precedinK week, show an
incre ate in dry floods and a decrease in fceneral raorchandise.
The total imports were |i8.393,673, against |8,120,8fltJ the preceding week and 19,774,209 two weeks previous. The exports
for the week ended Jul; 26 atnounted to |3,88d,075, a^^ost
The
17. 218,259 last week and |0.813,7t}l two weeks previous.
followtn>; are the imports at Now York for the week ending
(for dry Ktxxis) July 31. and for the week ending (for general merchandise) July 3'3 alao totals since the beginning o'
the Orst week in JanuarT :
;
rOBBIOM IHPOBTS AT
For Week,
KBW TOSK.
1887.
1886.
1885.
1884.
$2.10M,675
5,099,351
DryOoods
$2,835,373
5,557.300
$2,361,254
5.910,7«8
$2,779,370
7.163,375
$7,208,026
$3,272,022
"$9,912,745
$8,332,671
Dry Goods
$<I4 380,934
$64.4')9,022
Sen'l mer'dlae.
181,381,141
*5S,614.239
156,396,408
$67.70 1..^88
194.707.657
e^'lnier'dlse.
Total
BineeJan.
1.
177,919,416
WMks. $246,262,075 $210,040,647 $242,418,438 $262,412,245
Total 29
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the oort of New York to foreign ports for the
week ending July 20, 1887, and from January 1 to date:
BXPOBTS
nOU
Kanawha A Ohio.—This oompanr nfTeni t<i st'irkh<>ldi<r* ih*
Uke 4 per cent of their boldiogs (#442,000) in IM mort>
;
C'aKhter.
right to
gage bond« at 75, the first coupon to be pavabla Julj 1st, 1880,
Books close Aug. 80th and reopen Sept. ad.
Now York City A NortherD.—Thn purchasing oommittoo
of the New York City & Northern RIC Co. gWe notio* tbal
some holders of l>onds and oertldcates having failed to b«ooB—
parties to the plan and agreement of reorganization, the tioM
to tooomn parties thnreto is extended to Hept. 3d, after whioh
the asKOH-miBnt of $30 for each certillcato for a f 1.000 bond
will be required. Under decree of sale recently entered, a sal*
of the mortgaged premises will take place on Aug. 17, 1887.
Over $8,100,000 have sssented to plan and agreement.
The reorganization committee of the New York City ft
Northern HR. Go. notifled holders of Farmers' Loan ^ Trust
Co.'s receipts of first mortgage that a meeting will be held at
the oflice of Holmes & Adams, Mills Kuildiiig, H)<ptember 1st,
for the appointment of a committee to purchase the road at a
foreclosure tale and to reorganize the same.
—We received last week, too late for notice, the second annual
number of Poor's Directory of Railway Offlcia's of the United
Si ates and Canada for 18M7. This valuable volume no w embraoea
857 steam railroHds and 703 street or horse railroads. To the general list containing the names of the ofH>;iaI*, lo many casea
numhcring over twenty, of all these railroads and their leased
and controlled lines, arranged in alphabetical order, there are
now added special lists of the general managers and superin*
tendents of all the lines, the general freight and passenger
agents, etc. It supplies also a full list of persons or companiea
engaged in the United States and Canada in manufacturing
materials for tbe construction or operation of railroads ana
lisis of ofHceis of South Ameiican and British railways.
Tbe
direciory is an 8 vo. of 382 pages, and may be obtained from
the publishers at 70 Wall Street, New York City.
—
;
—
Auction Sales. The following were sold
auction by Mes8r<'. Adrian H. Muller & Son
Shares.
Oaallgtat
61 NaxHaii
RBW TOBK rOB THB WBBK.
Sharet.
100 >«
101 >a
46 Brooklyn Gaslight Co
For tbe week...
Prev. reported..
$5,252,371
178,665,620
$6,186,156
166,518,353
1887.
$7,20H,209
164,386,100
1 Metropolitan Qasllgbt Co.
of Brooklyn
20 Leather
«3.83S.075
The following
shows the exports and imports of specie
for the week ending July 23, and
1887, and for the corresponding periods n
table
58
1,
HEW
Sreat Britain
Pranoe
$13,800
$87,518
14,707
968,101
2,334,557
$244,342
65.6o6
15,600
2,176,772
454,739
i",2d6
$94,400
6.000
»6,036,424
36,940.507
6,301,263
$44.5,717
$6,643,017
8,4»6
160,448
3.1<-0,805
$153,295
1^210,692
1.379
i',6o6
14,948,970
623,773
114.590
120,410
16,581
50,805
27,678
$126,900
162. «00
346,7a5
t5.902.307
6,058,412
9,973,538
$170,413 "$1,287,396
875,578
5,721
Bermau;
West Ind Ies'.".'".'.l!"
Hexloo..
aonth America
Allotttercoun tries. .
Tetai 1887
Total 1886
Total 1835
1,000
199,575
600
$125,!; 00
Sermany
West Ind es
Mexico
Bonth America
All other conn tries.
.
Total 1887
Total 1886
Total 1885
FOB
All stocks
and soul on
and bonds listed on the
ootunii.sslon for Oiisli.
"ibo
62,0.51
slt^bt.
H ARVB
Y"
JERSEY CITY,
FOB
shows
Balanee*.
1
"
"
•
28
29
1.0J?,«35
1,606.160
813.835' 135.0v!9,3«4
1.437,479 I3ft.07 1.426
2.U-.017
2.10.^,7.32: 3.7,101.942
.i.04l,ltil 135,1110.13(1
1.<*.P.>71
1.02-.921
a.0,o74
14,333,993
14.55H.312
14,348.110
13,707.215
I3.'20l.717
l,6-.6.9i;0 l34.'-9^.942
1.6; 5,908 134,901.0)8
12,722,759
1
Total
..1
8.141,2-81
9.754.1251
1
12,6.>5,113
12.737,.iS5
m
1^.7:1.9
12.7-8.650
12,5i»9,2JU
Street, W. Y.
We
bea le ofler aabject 10 Sale, at Par mm* lalereal,
.Tlortiiner BulldlnE,
0,000
UNION FREE SCHOOI, DISTRICT NO. I,
NORTH DAXSVILLE, NEW YORK,* PER CE.NT BONDS*
D.ITED JUNE
1,
1887.
1838 and $3,o00 eiuli yiiir tliorraft^r untU
iDtonut and prinxipal pavablc iiiinuitlly at ine
Nuiloniil Park Bank, .New York.
•1.3#*.l
Ahni'mmimI Vnliitilton.
$1,500 due
12.747.873
Wall
11 aad Vi
Ourrwtcy.
$
9
$
•'
Oain OerV*.
Coin.
SAU BT
10.
lail
|
1
6s.
COFFIN & STANTON, Bankers,
the receipts and payments at the Sub-Treasury in this city, at
well as the balances in the same, for each day of the past week
Payment*.
rcKlsterod, Sa.
CITY OF OMAHA, NEBRASKA,
TOWN OF SALINA, N. Y., 4s.
m
Receipt*.
Yobk.
N. Y., GAS & ELECTBIO LIGHT CO., «S.
CRAWFORDSVII.I.F, IND., WATER WORKS CO., 6a.
HKIiENA tc RED SIOVNTAIN, 6a (No. Fac. cuaimntec).
1,077,618
table
&
Nbw
SARATOGA,
1887 $6,735 were
Of the above imports for the week
American gold coin and $l,0i0 American silver com. Of the
exports durini? the sime time $80,600 were American gold
coin and $1,000 were Ameiican silver coin.
United States Sub-Treasury.—The foUowing
SONS,
PISK
Nassau Stbbbt.
38
146,715
377,156
54,423
195,721
301,305
10,826
Stock Esohange boo«ht
New York
Deposit accounts rocolvud and Interest allowed on monthly balanoes
5,798,873
6,192
other deslralrle
larTESTORS.
$1,822,449
1,507,165
1,413,732
1,625,824
8,690
174,279
90,828
subject to draft at
Silver.
StoeatBrltaIn
France........ .......
Since Jan.1
Week.
Since Jan.l.
Week.
Oovemment and
SECURITIES
0Otd.
25
V6
27
Nassau Qasllxht Oo.
§aukiug and Ifiu^acUl.
United States
•
$l,80<.r
s<-rip... 96
of Brooklyn, 5 p.
$2,000 Atlantic At. RB. Oo.
100
58, due 1909
TOBK.
Import*.
Xxpcrlt.
July 23
lim
$1,800 Na'isau County. Bute
of Florida, Ss, due 1892.... 03
New York
BXFOBTS ABD IICPOBTS OP SPBOIB AT
DaU.
lOBeoondAv. RR. Co
Bond*.
Mnnufaoturers'
Brooklyn
2$
123"*
131>A
$I,0«X) N. J. Mldlimd BR.00.,
1st mnrt. 6*. 1910
86
National Bank
212
5 Standard UattlUht Co., full
paid, com. etook. Trust
Co.'s receipt
SO**
41 Citizens' ausllght Co. of
ie4,527,tj49
Total 29 weeks. $172,705,509 $183,917,991 $171,591,309 $168,415,923
at the port of
since January
1886 and 1885:
week at
3 U. 8. Warehousa Go
13 4econd Av. RR.ro
Go. of
BnwUlyn
1886.
1885.
1884.
this
:
In
l'*ii»iiliili>Mi.
We look upun
••-•-•
-----
ibis s eiirlty
a.i
h.liK :w
OKISWOLU A
No. 3 Wall Strtet,
^
««'«•
"
*
•Wi
iw a •I'vi'mnirnt Boad.
«iII.L.ETT,
New York.
:
: :
:
THE CHRONICLF.
136
[Vol.
XLV.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
par; selling i@J premium; Charleston buying par@^ premium; selling 3-16@J premium; New Orleans, commercial,
par@50c, premium, bank, $1 50 premium; St. Louis, par;
:
The following dividends have recently been announced
Name of Company.
Fer
When
Cent.
Payable.
Railroads.
Canada ScuilieTn
Clikago & Alton (quar.)
Chicago & Eastern Ullnols
.Kansas City St. L. «& CMc.
Aug.
2
(quar.)
I/OUislana & Mo. Kiv.,pref. guar..
K. Y. Prov. & Boetoa (quar.)
3
Sept.
Sept.
I'a
3Ja
Aug.
Aug.
219
313
:
July 16 to Aug. 14
Aug. 16 to
Aug. 14 to
Paris (francs)
Frankfort or
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
German American
3
3
Aug.
Aug.
July 26 to Aug.
Amsterdam
1
Coins.
Bremen
are very moderate, and while the general tendency has been
tovrards lower prices, there are no extraordinary movements
on the bull or bear side.
There has been an impression in some quarters that Mr. Gould
:and his following have been against a present advance in stocks
•cither
some time past, and that this is the main cause why the
Diarket has not moved upward. It is palpable that neither Mr.
-Gould nor any other strong operator has taken hold of the
4 8513
5 '23% a5 i3i6 5 211435 20=9
40i6*403,g
39:5.>-a40
9158*94%
(reichmarks)
95
39519
—The following are quotations in gold for various coins
•a?! 89 .Silver 148 and ifls. —99%®
—93 »
3 89 ® 3 93 Five francs
4 74 a 4 79 Mexican dollar.^.. — 75is®
00
96
Do
3
® 4
uncomraerc'i
75 ®
Span'h Doubloons. 15 60 "ffilS 70 Peruvian sols
73 ®
Mex. Doubloons. .15 58 S>15 65 'English silver ... 4 SO n
par ®i4prem. U. S. trade dollars — 99%®
Fine gold bflrs
1^613®
97 iU.S. silver dollars —99%®
Fine silver bar.^. ..
99
9912®
12® par.
Dimes & I3 dimes.
Sovereigns
the financial markets are decidedly such as belong to a
toidsummer period. The transactions at the Stock Exchange
Demand.
Sixty Days.
(guilders)
WALL, STREET, FRIDAY. July 29. 188r-3 P. M.
Napoleons
X XBeiohmarks..
The Money Market and Financial Sltnation.— The phases X Guilders
-of
as follows
July 29.
1 to Aug.
3
aire
Prime bankers' sterling biUs on London..
4 8319
1 8lifl<*4 S2
Prime commercial
4 81 -«4 811s
Documentary commercial
1 to Aug,
2 to Aug.
Kome Watertown & Ogdensburg.
Terre Haute & Ind
Banks.
"S. v. Nat. Exchange
Chicago, 60c. discount.
The rates of leading bankers
Books Closed,
(Days inclusive.)
$4 86
—
—
—
—
—
—
—
—
—
....
95
77
76I3
74
4 85
1 00
100
I
—
United States Bonds. The market for Governmeni bonds
has been quite dull all the week, and there is no feature except
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
"for
.liaarket to press
•of
•in
a bull movement, but beyond this fact
we know
nothing definite to show that he is opposed to an advance
stocks if the public should take hold vigorously.
reg
coup.
48,
48,
coup.
61",
in the
68,
68,
6s,
signal
6s,
-collapse of the several commercial speculations, together with
*
The
shown
produced by the
inherent strength of stocks has been well
past two months by the small effect
the failure of the Fidelity
Bank
of Cincinnati,
and
after those
Gould-Field-Manhattan, Friday, June 24, and finally the
J)etering out of the Baltimore & Ohio negotiations, which had
ithe
Any
figured for months as the prominent bull card.
of these
would have been sufficient to cause a small eaithquake
in a stock market which was actually rotten, and sustained
and puffed up only by fictitious quotations.
The present weakness in stocks, so far as appears on the
:surface, comes from the disappointment of a number of small
holders in not getting an advance in July, and the consequent
dropping of a moderate amount of stocks when there is no one
particularly anxious to bid for them or to sustain the general
'•tvents
list.
1891
1891
1907
1907
413S.
4128.
cur'cy,'95
cur'ey,'96
cur'oy, '97
cui'cy,'9S
cur'cy, '99
Interest
July
July
July
Jalv
July
July
Periods
23.
25.
26.
27.
28.
29.
108% n08%n0';%'M08% '10?% •103%
108% •108%!*108%:'108% •103% 108%
reg.
reg.
reg.
reg.
reg.
reg
'127%
'127%
127%
'123
'lio
'128
'131
-133
*123
"125
l'27Vj'127is •12714 •12714
12714 *127Ba! 1-2738 •I2714 •12714
*l-.8
•131
*133
•122
•124
'127
*130 *130
*132i2 •132
•122
•124
127
•122
•124
•127
130
•132
•122
*12t
•127
•130
•132
This is the price bid at the morning board ; no sale was made.
—
State and Railroad Bonds. The dealings in State bonds
have been very limited, and there is nothing to report in
regard to this market, prices being without quotable change.
Railroad bonds have been rather dull as regards the amount
of business done, especially in the early part of the week, when
The volume of transacthe stock market was so inanimate.
tions improved somewhat in the latter part of the week, however, following the lead of stocks. In sympathy with the stock
market, also, prices have been quite weak, and many classes
have declined a little, though there has been no general falling
off. There is an absence of demand for bonds and'speculation in
them is very quiet. It is among the more speculative classes
that the weakness has been noticed, such as Texas & Pacific
incomes, Atlantic
&
The balance of the
Pacific incomes, &c.
irregular, and very little strength has
market has been rather
The open market rates for call loans during the week on been shown.
«tock and bond collaterals have ranged from 3 to 6 per cent.
Railroad and MIscellaneons Stocks.— After an exceedTo-day the rates were 4@5 per cent. Prime commercial paper
is quoted at
6@6i per cent.
The Bank
of England weekly statement on Thursday showed
loss in specie of £684,000, and the percentage of reserve to
liabilities
was 40, against 40-85 last week: the discount
rate remains unchanged at 3 per cent.
The Bank of Prance
rgained 3,350,000 francs in gold and 2,700,000 francs in silver.
^
The New York Clearing House banks in their statement of
July 23 showed an increase in surplus reserve of $571,225,
^the total suqilus being |8,497, 325, against $7,926, 100 the pre-vious week.
The following table shows the changes from the previous
•veek and a comparison with the two preceding years in the
averages of the New York Clearing House banks
1887.
Diff'r'iic's
July 23.
fr'm
Prev. Week.
1886.
188.5.
July 24.
July 25.
lioans and dlsc'ts. 35.5.S49,800 Dec.3,237,500 35 ^,804,000308,
113,200
77.033.700, Dtfo. 724,100 63,(t7'',000;il,'S,733,400
8 121,400 Ine
13,900
7,817,6001
9,701.200
364,351,500 I)ec;.4,OH5,30O 378,812,000:385,06.5,700
22,.551,5'JO [no. 279,000 44,995,2001 44,876,200
.l^e^al reserve
91,087,87r> Dec.1,016,325 94,703,000 96,266,425
Reserve held
99,585,200 Dec. 445,100 108,973,200 lG0,6y9,tJO0
*pecle
Circulation
Jfet deposits
I^gal tenders
fiarploa.
8,497,325 Inc.
571,22&
14,270,2001 64,343,175
Exchange.— Sterling exchange continues
though the demand is still very limited, and
*eeu
dull all the week.
strong in tone
the market has
There is some scarcity of commercial
and this has helped to keep the rates firm, though
18 no appreciable change since last Friday,
posted rates
being the same as then, viz 4
83J and 4 85i,
To-day the rates on actual business were as follows
viz
^*?"°&' 4 82}@4 83; demand,'4 84i
^Taf'^l", '^lyf.,
4
Commercial
84i@4 85i.
bills were 4
~ 81®
^o.?^-^^*^^*'*'
•4 81 J
Continental bills were ""
Francs, 5 23|@5 24| and 5
20|;
reichmarks, 94|@94} and 95 1-16; guilders,
39 15-16@40
*ills felt,
there
:
•
;
•and 40J,
ingly dull and slightly sagging market in the early part of the
week, the Stock Exchange was treated to a general and
The fall was quite proimportant decline in the latter part.
nounced and carried all the leading shares down several points,
many touching the lowest price for the year thus far. There
has been no news to influence speculation and business has
been confined almost entirely to the room traders and local
Prices have been influenced mainly by the movespeculators.
ments of these operators, and the matters touching the real
value of stocks, which remain generally favorable, have had
There has been a lack of strong
little effect on the market.
support for some time past and no leaders to bring about a
There is also a theory,
response to the favorable conditions.
which receives considerable credence, that many of the bulls
and prominent operators desire to see a decline as preliminary
to an upward movement later.
The declines of Wednesday and today were accompanied by
considerable activity, and nearly everything was rather freely
sold, the most conspicuous stocks in the decline being New
England, Pacific Mail, Reading, Missouri Pacific, Western
Union, St. Paul, Northwest, Lackawanna and Louisville &
Special efforts seemed to be made to depress NeW
Nashville.
England, and the bear contingent was very active in that stock
and also in Pacific Mail. Reading also declined to 51i. Outside of these leading speculative stocks the decline was not so
pronounced, except in Richmond Terminal preferred, which
declined 7 points, though on very small transactions. The whole
market was unsettled and weak, however, and there has been
little resistance to the decline, though on Thursday there was
a temporary recovery which carried stocks nearly back to the
The recovprices current before the sharp fall of Wednesday.
ery was only a natural consequence of the unwarranted
decline, and was largely assisted by the covering of shorts,
which had been rather freely put out for some time past.
The better tone did not last, however, as to-day there was a
further and more pronounced decline, the close being weak
and unsettled.
...
.
THE CHUONJCLE.
JtiLT 80, 1887.]
STOCKSr-PBICES AT
STOCKS.
137
STOCK EXCUANGE FOR WEEI ENDING JfVLY
HIOHSBT AND LOWBSX PBIUSS.
N. Y.
Satordar.
July as.
Mondar,
July
Tuesday,
July 26.
aft.
W, AND
SINCE JAN.
lg87.
Baa«««tiiM Jao.
Ol tiM
Wsdnaaday,' Thnrsdar,
Jul/ 37.
July 28.
1,
Wsdl,
1.
liuTK
towwt
July "A.
Acllvp Hit. Stocks.
Atlantlr
•13U
A- I'lU'ltlo
CSaniullan I'lii'ltic
Caiiatla 8onthorn
Oentral i>r Now Jersey
Central rin'lHo
•77
•37 >«
A Ohio
01ie»upi'uke
l8t prpf
2(1 pref
Do
Oblcago
11111-1111^4011
OlilcHKo
Milwaukue & Ut.Paiil.
Do
60
60
66»»
ft4>t
78
as
77 >«
55%
771(1
7B«*
77
371a
871a
10
143
8<i>4
SO>i
lai
121
Do
prof.
OUoaKo Rock Island ftPaoltto. '128
I'ittsburi;
Do
uref.
A Om.
CJhloano 8t. Paul Min.
Do
8
14
OBs
80^8
130
•Ui^ 19
'14>s
50
44Is
SO>s
120
55%
2i)i4
132 >4 1321a i32" 132%
27% 2Sia
61% 62%
12^8
12»8
l8t pref
71
ud pref
'3-1
07
24
Eransville&Terre Haute...
Fort Worth* DonverCity...
•90
254
67
24
& St. Paul.
Green Bay Wluoaa
""
».,.
l'"''-
Mil.
Lake shore
Do
&
Bflnrea polls
^o
„,
<fe
25
St.
Louis
& Texas
043e
94%
'61% 6218
•16
•3Gia
27^8
•80
100:%
,
Do
*
Phlladtlpliia
Blchm'd
Do
_
Paul
Do
45
pref
3414
60=8
pref.
iattprei
•26%
2938
31'a
5578
31
•08
60%
l>o
no
Wheeling
A Lake
Erie
inificellatieons Stocks.
Coloia<lo Coal A Iron
Consolidated Gas Co
Delaware A Jiudson Canal...
Oregon Imiiroviiueut Co
Oregon Kailway A Nav. Co.
Pacirto Mail
Philadelphia Co.. Nat. Qas
Pullman Pa lace Car Co
Western Union Telegraph
Express
771-j
43%
78
78
lOlia 101 12
43 14
*96
151
50
44
100
151
100
110
146
110
76I3
110
129
Do
7
4 On.
Mexican Central
York New Haven
Oregon Short Line
New
12>4
12
28^8
63
22
87
87
•12
•23
123
20
131a
25
123
19
37>s
19
38 1*
95 18 95 >4
62!i|!
93
60
58
115
llSis
112
85
8514
12%
63%
22%
•44% 45
•11% 12%
•23
25
37
146 147
128% 128%
•16
17%
39%
41
52
54
"s'iia
20% 27%
58% 60
17% 18%
31
81%
29% 30%
'31%
49%
44% 47%
10% 18
42% 44%
33=8 34%
441a
34>4
OO't,
60 13
2UI3
28=8
30lo
31%
56%
45
34%
60%
201-1
29 Hi
31%
54 "8 56
29% 30%
691a
•90
•38
69 12
93
59
20
28
18"4
321a
4618
60
26%
28%
29% 30%
51% 55%
28% 29%
02% 64
91% 91%
30% 38%
75
76%
12
7
21
57
115
77%
105
300
23
37
50
50
82%
8-1%
09
45% 46%
•16% 17
9'8
9%
31% 3j%
16% 16%
42% 43%
33% 34
,39% 59%
20% 20%
27% 28%
29% 30%
51% .33%
28% 29%
91
67
92
37
37%
10
31
10
28%
54%
13
1753
311.
31
45
43
43% 46
18
31
lei..
M4
Miir.
110
72
130
110
70
6I3
110
70
pret..
A Terre Haute..
Perry Coal
Ontario Silver Mining
Tennessee Coal A Iron
-40
7
31
•30% 31
44
•40
7
26
371a
36
57 '8
32
Jan.
Apr.
02%>ruy
17
28
i:<-
"
60
7
6%
5
5
•4%
7%
7%
I
7%
23%
30%
53%
27% 30
04%
92
37%
76
6%
76^
11
76%
27%
53%
17%
29%
40%
300!
100
10,, 9o!
Aw 7
Mv.
May 31
\l.,v
20%
55% 55%
20
•147a
15%
225
14
19
ie%
54
56%l
as
oa
14% 14%
228
22
•6
•6%
223
28
18% 18%
54% 54%
•85
14
224
22
7
7
6
•30% 81
•30
•30% 31
40
40% 39
30% 39
•6
5
7%
21
92
14
225
22
1
I
:
le
7.
,
::..
June 24 112
14.
May 19
19% Jan.
88% Jan.
9,961
8% July
850
^
3
Jiilv
3., 10,
20% Feb.
66% Feb.
22% Feb.
20% July
29% July
1
1
1,
29I
13;
14
"
Feb. 14
"
38% Feb. 14
23% Jan. 3
537.1 .Nlay
35% Apr. T
39% May 25
Feh. ll 38% July *ij9,34>5 20
JllEo24i 33 Jan. 17
656; 62% July 271 87% Jan. 17
100 BO Feb. 81 95 Jan. 17
2.850 bO Jan. 27 41% -Mav 26
5,115 61% Feb. 2 81% May 26
I112 Jan. 28 120 Jure 2
1,693; 55% Jan. 7 95
June 201.30 102% Ju!y 2S 114% May 23
3,384 113 Feb. 1 1207e May 2T
10.803 20 Feb. 3 35% May 23,
l.:-Oi>
2.070
128
152
110
70
132
59
SO
*4
•7
2,
July 13 63% May 1»
22% May 0.
13% Feb.
23% Fell. 1 3S%3Iay 1»
50 40% July 29 63% Apr. 18>
5.630
3,27»
53
1
35% Feb. 1 63% May
73%July29i80 May
191»-
Juue2l'l03%AiT.
Feb.
li 54%Mi.%
94% July 29 105% Mav
;^1
7,631100
1,8U>I 38
3.8.2I
47.8OO1 39
139%Jail.
60 107
17
4%
64%
21
•86
92
Mar.
July
July
12%
7 July
18 June
63 June
20 June
88 July
7
12% 12%
53
I
7
lit
7
S>
23-,
T
4 150 July I*
6 118% May 14
17 73% .May 24
25 137 June
«
23j
0|
7
Jan. 13
10% Jan. 14
15 June IX
29|
23i 14
Jan. 13-
S4i
24% May 1»
24
61
18
30%
Apr. 29
Ma}- 27
31:100% May 27
13% Jan. 6 22 Apr. 9
208 Feb. I6I233 May 23
i2
•6
Jan.
Feb.
H
33% Jan. 19 74% Apr. »6% July 25' 15% Jan. 1»
79 July 19 104 Feb. !»
5
19
62
150 126% Jan.
7%
18
18
34'vjiily 1&;
03% .May 19
.32% Apr. 4
„.-..,.,..,
_
229,970: 34
37,800
75%
100%
47%
9«%
41%
7
7
15 June 24
42% July 2;
10,143
17.151
6,192
l.OOo
15,00o
17%
31% 31%
6
31
41
'2IH
1
m
300 12 Jnly 20I
2,0001 76>4July 14
31
45
4:
70
•4
7
June 281 20% Apr. 3
36 .luly 14 48% May 31
25% July 29 34% Apr. 9
3J.*95: U2
28%
55%
7
B%
7H
8
(
'1
\|'i. 14
200, 57
Ju),e28 07'iJm,n
11
2.180 I09%jiilv 20 101% Apr. 20.
1,100 30 Jo:y 27, 04% Apr. &
2,510 82% July 29 95%.May 19
5.5 66% Jan. 61 91% May 1931'.
98 Jan. 4lll9 .May 18
1.849
20
149
108
110
•67% 70
130 130
'12
6
Apr. 14.
24
32(j
17%ivu. 4
3,930 36 July 29
62.580 00 Feb. 1
835, 03
Jan. 15
.
58.100 57 Feb. 3
i
%.
32%
68% June 4
17 Jan. 3
82% Jan. 13
29
20
'
6
28
Jan. a
8% Jan. 10
July 27: 31
29% July
7|
Apr. i-A
31% July IS
Jan. 4 35 May 14.
Jan. 8, 46% June
Apr. 22 46% July 1»
700l 31
45% 45%
July 29 80 Apr. 27
353>
2.2.30 32
36% 3676 34% 36
34% 34% 32
38
38
July 13 727, Apr. J
•.0»';T49
51% 61% 31% 61%
5113 •50% 51% •50% 51% •30% 51%
4 20 >4 July 27
Jan.
2)13: 23
24% 26
26% 26% •24% 26
26
"33% "se"
32
3478
5,9.35 30% July 12, 64% Jan. 14
3-1%
33% 33
33
38% 34
371a
32% 8378 34
35
86
34% 36% 26.749 83 July Sffi 64% Jan. 3
34% 36% 32
361a
5779 .35% 57 lajotnocf 64 July 3d< 73% Jan. IL
59% 55% 57% 5578 56% 54% 56% .34
46%
44
30
•30
30%
40%
30
4>:%
'
*.30i3
.
311a
46 14 46I3
^kc. (Unl iBted.)
Oil TruHt
Line Ceitittcates
no
60
7
23% 23%
*6
•301a
1
4
1"'
•-•
<'-
2,74d( 20
44 14
64
'112
•1.30
225
3113
T
»9%Jaii.
12 100
uli., ivi..
1014
31%
59%
•91
115
28
28%
53% 55%
17% 17'8
30% 31
43% 43%
21%
32%
16%
42%
33%
59%
25%
26%
29%
51%
75% 76
75% 78
102% 102%
17
U
11
100% July 141114% .May 10
17% 17% 1,8701 16% .Mar. l.'j 20% May 1631
32
1,830| -27
Mar. 12 37% -May 1929% 30% 31,865 29% Feb. 1 35% Apr 13
1.400, 65% Jan. 29 70
66% 07%
Mav 23
42% 46 128,900, 42% July 29 66 .Mar. 201601 15H, Feb. 4 20% Jan.
16% 16%
3
36
74
•112
29
,
2,0011
11% 11%
•22
7
I27%.lun«
July 2!)| 58% Apr.
100
98
100
1,110 95 June28 115 Feb.
99
97
97
149% 150
149 149% 143% 149
149% 149% 1.090 139% Jan. 4il39%May
75
75% 73% 74% 72^8 74% 72% 74% 92,630 67% June 24! 79 June
76%
•15% 16%
IT
1»
1?
1
1-'
7..'
114% 114% 114% 113% 114%
18
3II4
•85
16
Jan. \9
29 139% June
1,400
"96
100
20% 20%
56
56%
U»
l>%J«n.
II
29
3
24
-"•2
I
^•il'
38
17% 17%
31% 32
29% 30%
.Inlv
3.1
'
12%!
22
87
•44% 45
1
2«'
22
87
61%
83% 84
67
2,. 843! 43% Fell.
1.301 106
Feb.
60% 62
114% 109% 115
50
83% 84%
Vr),.
25% 20%
91% 93%
95
05
60% 62
60
38
20
46%
34I2
8
45% Apr
31v 13H%.liin. 29 153%Jiiiie 7
381 121% Mar. 1m 140% May 17
lOOi 16
Feb.
1; 22
Apr. 2%
,
l.lOtt 85
Jan. 27, .3-"o M.r 2a
•l.!"<i
36
62
58
114% 114
10%
32%
6i8
3
'•'""•'»"• '!• «56
May
.Iuly29. 95
May
J an.
K 1 27 % .Ma,
38
95
10
32
80
»*Htli,r 1»
y 2-1 17
_
14
122% 122% 12i%l23%
18
18
18% 1S%
92% 93%
94% 94%
92% 93%
9414
.
*l5ia
Hew York A
*
•56
A Han
Virginia Midland
Columliufl A Hocking Coal
Pipe
121s
27
pref
OiiiuhaAfct. Louis, pref
QnicksilTer JUuing Co
Various Stocks,
*5
*7>9
•201a
pref.
Martiuctte Houghton
6I3
80
•12% 14
Ft.
do
Amer. Cotton
751s
M%J»a. 1»
If
26
>
G;;,
10
139%
45
45
43% 44
42
41% 43% 41
40
77
77% 76
76% 75% 76
73%
101% 101 ^8 100% 101% 100% 101% 100% 101% 100
49 'e 4978 49% 49%
47
47^8
46
46% 47%
9-=^
97
97
97
95
96
96% 95
94%
41=8 43%
41% 43
40
41
41% 40
39
•68
Dodge
Keokuk A DesMoinea
Lake Erie A Wcsttm
Alt.
i.
>
8
11
•7
131% 127% 131%
27% 27%
60
60%
231a
441s 45
131a
130
64% 64%
12314
6118
271a
70
2D
•2.1
9314
1310(1
59% 60%
1|
45%
76
[
^°
130
20
62
13
38 14 39
3915
77
77% 76% 7758
11112115
IIOI3 115
110%
79
78
78
76
791s
103 103
103 103
>103
115 113
114% 11478 114%
29I3
29
281a 29
27%
5514 56
5413 5314
33%
45 14
Inactive Stocks.
.
251a
27I4
11
10% lOis
33% 3314 33%
31%
69% 69%
91% 91%
321.2
Irthi
Buffalo Koch. A Pittsburg
Oentral Iowa
Cinoin. Ind. St. Ix)ui8 A Chio
Ctnclnnati Wash. A Baltimore.
l>o
pref.
B» ,
ot
louis
52% 53%
25% 2)>%
17
30
70
1818
•31I3
50
a
11
16%Jao«l».
1
20
40
40% 49
110% 111% 111% 110% 110%
17
31%
Dnited States
Wells, Fargo ACo
Do
a4iis
47
56I4
32
iO'.i.Vh.
Sitocks.
merican
A
53%
5018
27 18
A.dam9
„
Des Molues
rir>
30% 31
29«8
115
•781a 80
*18
•31
32%
27 18
29% 29%
55% 55-'8
prel.
48
31 14
2914
3lia
53»8
& Manitoba
Texas A I'acltlc, ass. paid
Dniou Pacific
Wab. St. L. A P.,P. Com. repts
iWa
123
20
181*
27I4
38I4 3916
7718
Sola
871a
29%
pref
Bt.PauI Mlnneap.
lO'^s
3314
"18
34:1b
prel
118
•12
17
43
40
2814
1311a 1321%
271a 27%
121a
•16
417g
40
481a
26%
61
i'ao"
50 M
lllig 112.-V 110
54%
iao"
67
4914
•17
40 Is:
A WestP'ntTeruiinal
A Duluth
18i«
*31ia
SO'b
45 Tg
Borne Wtttertown ,t Ogdensb't:
Bt. Louis <te ban Francisco.
Bt.
62% 62%
34:%
60^8
Keadliig
Do
Do
90
pref.
Ohio & Misslaaippi
Oregon d^Tians-Uontineiital.
Peoria Decatur Al livansviUe
•7
81
82
•80
82
82
85
112
109^9 109% 108% 108% 108 1(»%
•16
•15
I6I2
18
18
15% 15% •14%
19
15
•30
•35
39
38
37
35
35
•34
38
27 18 27%
27
27% 24
20% 27% 26% 27
25% 26%
103
10l>a 1021s 100=8 lOlTg
99% 100% 98% 100%
OSSs 100 i^
14
14
14
14
14
•13% 14
13% 13% •13% 14%
79
811a
79
791a 80
78% 80
78% 79
IOO-Tb ICOig 109% 103% 108% 107»s 108% 107% 108
10714108%
New York Ceuiral <& lliulsoii
New Y. Chle.Ai St. L., absent'.
Do
pret a-Heiited.
New Y'ork Lake Erie A West'u 31
3118
Do
pref.
„
New York A New England... "49^ 50
New Yerk Ontario & West...
New York Haeq. & Western..
10% 10%
Do
pref
32% 32%
„
Norfolk & Western
*18
I9I2
Do
90
87
112
•1314
Northern Pacific
I3ia
26
124
22
9408
8.')i3
7
12
10
141% 142
7
12
147
.30
•Ssii "se'ii
n.lln
M%
88<^
1291a 180
10
16
45% 45%
93^8
ilfii ilfii 118
102%
Ohio
Na«hv.i;iialtauooKaifc9t.Ix>uit
•12
•23
121
-20
West
pref.
<«z
13%
'23
pref.
tussoiirl Kansas
Mi.sgourl Fiulttc
Mobile
'13
49 >a
•05
•231a
45IS8
12114 I24I4
83>(
147
132
18
45
'16
•42
50^
50
281a
621a
1318
nilnole Central
tiul. BloiiMi, & West., ass. pil.
Kinj^stiiii X Peuiliroke
Luke Siioie ii. Mich. Soiitheru
Lone; Island
Louisville & Nashville
Louis. New Alb. A Chleago...
Hauhiiltaii Elevated. conaol..
Meiiij>i,l« A- Oliarlestou
MlihlKan IVutral
8
i4ii«ua
142 142
85 14 86
146
129
281a
•02
131a
•07
Do
Do
7i«
10i«
12%
12
65% 57
52% 54'.
7.1% 78
76% 7714
35% 36% •36% 37%
58%
1
1301a isa
•17
11)
•43
46
55i«
28%
10
8
12% 12%
57%
67
tj,.'S,"*.V
83% 84% 81
84% U6.301
HI
121
119% 119% 110 110
117% 118% U7%11H%
1 .9 1 K
1 7 %
H7i« 11.>.-« llGHi 113% 110% H3'g 115% 112% 114% BO.WHOllo
pref.
OlevelamlOol.Cln.* Indl.inap
Coluiiilius HockliiR Val.vfeTol
Delawarf l,iuka« unim AWes
Dt-nvor .V; Itio U., usaossm't p<l
Do
pref
East Tennessee Va. & Oa. K'v.
IS^a
58
UH
•6>«
6l>|t
7'a
144
Sfidg
57
S3I4
74T, 76
•37
37 %
10% 10%
llOig
no's 117
•Utjis U7i» ue
140
Nurthwestem
OUloae«8t. LouUdi
•11
7>«
13%
13>«
01
SG
•10^ 14
•7»g
'laifl
•00
ii^Qmiu'}'.
pref
<k
IS"* 131a
eo\
AG's
8
1)0
OliloaKO
131.J
6av
These are the prices bid and aaked; no sale was made at the Boatd.
1 Ez-rigbts.
.
.
.
THE CHRONICLE.
138
BONDS-LATEST PRICES OF ACTIVE BONDS AT
Range nnee Jan.
Closing,
July 29 'July 22
& Pac— W. D. Inc.. 68, 1910
Guar., 48, 1937
Oar. 6outh.— l8t KUar..
5b,
CoiiBOl.78, 1899,a88i^ut...
...
ConTert. 78, 19U2, asseut
1908
,
Interim bondcertitlcatB.. ..
Le'L & W.B.,ci>ii.78, 1»u9.a8'nt
Am. Dock it Iiup.. 58, 1921.
Central PaciHi— gold 68. 1S98.
.
Ban Juaijuln Br. Ue, 1900
Land grant tis. 1890
Cbes. A O.—Pur. m. fund 68, '98
6«. gold, ser. B, 19U8, coup. oS
Exten. coup., 48, 1986
6b, currency, 1918
Mort. Be, 1911
Cliee. O. & So. W.— 5-68, 1911 ...
ClJlc.Bur. & Nor.- 1st, 58, 1926.
Burl. & Q.— Deb. 58, 1913.
Den\erDlTls.,48, 1922
Clitc.
& Ind. Coal
Cli.WU.d;at.P— l8t,I.&W.TB,'97
K., iBt, 5B, '36
Chic.
CouBOl. 7e, 1905
Lowai.
33%
31H!
84
25ifl
&
Wle.&Min. Div.-58, 1921....
58, 1914
& N. W.—CouBol. 7b, 1915
1902
Gold, 78,
Terminal
Chic.
Binklng fund 6s, 1929. ..
Binkiiigfuud 58,1929...
Blnklng liuid debent. 58, 1933
26-year debeut. 58, 1909
Chi. K. I. & Pac— 68, coup. 1917
Exten. <fe lOl. 5s, 1934
Ch. 8t.P..M.& O.—OoiiBol. 6b. '30
Bt. Paul <t S. C'.-lut, 68, 1919
Oh.8t.L.j! Pitts.— lBt,cou. 58, '32
C. C. C. & Ind.— Ueii. bs, 1934
Col. Coal <t Iron-lst, 68, 1900.
Col. H. Val. <S Tol.— Con. 68, '31
Gen. gold, 68, 1904
Denver* Rio Gr.— lst,78, 1900
.
l8toon.48, 1936
I>en. Al K. Gr. W.- lat, 68, 1911
ABseuted
Den. So. Pb. & Pac— 1st, 78, '05
Del.Mac.&M.— Ld.gr.3'ss,1911
£.Ten.V. & G. Ry.— Cou..5s, '56
EUz. Lex. & B. Saudy— tis, 1902.
Erie- l8t. cousol. gold, 78, 1920
Long Dock, 7s, 1893
Cou. 68,1935
N.Y.L.E.&\V— 2dcou. 68, 1969
Funded coupon, 58, 1969. ..
Ft "W. ADenv. C. -l8t, 68, 1921
aaLHar.& San.Aut.— 1st, 6b, '10
2dM., 78,1905
West. Division— iBt, 58, 1931.
2d,t8, 1931
Or-nB. W.&St.P.— l8t,68, 1911
2d Income 88, 1911
GuU Col.&San.Fe— l8t,7B, 1909
Gold, 68, 1923
HenderBOUBr.Co.— l8t.68. 1931
H. & Tex.
Ist M. L. 78
iBt, West. D., 78, 1891
l8t,Waco&N.78, 19o3
2d. cousol. M. L. 88, 1912
Gen. mort. 68, 1921
C—
90
90 13 Mar.
86 Feb.
IO5I9 Feb.
115% 117
1071a Jan.
114>sb. ,116
109 Jan.
108 b.iioyis 10.'>i4 Jan.
101 b.llOl b. 83''8 Jan.
98
9713 July
98''e
llSifib. 114 b. 110
Jan.
99 Jan.
11513b. II4i<>b. II312 Feb.
115 b. 114isb. Ill i« Feb.
103 b.
100 July
112 Mar.
75
Miiy
71
75
69 Ja
70
68 May
2214b. 24I3
22% July
9Ui3a. 9tiia Apr.
101 Feb.
105
105 b. 1041a Jan.
1U6
106
106 Jan.
85
94
May
110
119
Jan.
88
b.
June
9513 Jan.
9278b.
June
118% June
1081* June
105
100
116
June
June
IO6I3
May
Feb.
118% Mar.
116
105
115
Juue
Mar.
Juue
81
Jan.
7514 Jan.
32 Jau.
100 Feb.
108 « June
10713 Mar.
IO8I3 Apr.
97 June 99 .Ian.
98i3Jan. 103 13 June
11 8 14b.
118 July I22i3.ian.
_
12713b. 12713 July 130% June
115 a.1115 Feb. 1191s June
IOII4
103 July 109 Jau.
104
104 a. 103 July
08 May
103 b. 10214b. lOm July 105% May
1381a May 142 Jan.
130 b, 1291a 128 June 133 Jan.
118 b.
117 May 120 Jan.
109 b
108 Jan. 11 Ola Mar.
108%!.. 107isb. 103 14 Jan. 11014 Mar.
I05iaa. 104 b. 1031a July IO914 Apr.
130 b. 130 Jan. 135 Jan.
105 b. 10814a. 108 July llOia Feb.
119%b. 119% July 124'78 May
'l'2'6"a"
b.!123
July 12713 J..n.
101 a 98% Jan. 102 Feb.
109 a. 107 Jan lIliaMay
101
981a Feb 104% June
79
75 Mar. 88'8 Jau.
70 Mar. 91 Jan.
93 b.
100 a 100 lea.
ifl
<kW.— l8t,prcf.,78, 1900
Ist, 5-68, 1909
2d, 5-68, 1909
Eastern Division— 6b, 1921 ..
Income, 68, 1921
Int. & Gt. Nor.— Ist, 68, gold, '19
Coupon, 68, 1909
Kent. Ceutr.—Stamped 4a, 1911
KnoxT. &0.— Ist, 6s, gold, 1925
i
I
1195ab. 1181a Feb.
76I4 Feb.
7914
76 14b
75
74
75
70
81
b.
81
79
71
68
45
').
b.
98%
98
101
101
118
b.
99%
9812
88^8
110
a
93%
40
4313
121 b.
120 b.
103 a.
108 lab
116 b
113 b.
109
June
Apr.
Jan.
106% June
110
Feb.
119% Mxy
b.
108
Mar. llOiaMay
b.
113
Feb.
Feb.
72
a.
94
119%
Mai'
66 14 Feb.
May
79% May
12013b. II913 Jan.
12414 Feb.
95 a
92
91I3
b.
b.
I12I3
'.
F'eb.
May
89I3 Juue
98 13
34''8
122
July
98
Jau.
78
July 100
July 129
90 b
LakeSh.—Con.coup., 1st, 78,1900
12.iia
Con. coup., 2d, 7-, 1903
12213b. I23I2
Long Island— 1st, 78, 1898
12113b. 12008 M»y
let, cousol., 58, 1931
1121a July
Lou. & Nash.- Conool., 78, 1898
119
118 Apr.
K. O. & Mobile— lat, 68, 1930 109 I 10813b. 105 Jan.
2d, 68, 1930
97 I 97 a. OO's Jan.
E. H. &N.— Ist, 6s, 1919
112 1 II2I3 112 July
General, 68, 1930
109 t 1081a b. 107 Jail.
Tru8t Bonds, 68, 1922
107% 108
1041a Jan.
10-40,68, 1924
98 Jan.
liOn. N. A. <t Ch.-lat, 6s, 1910. 11113
113 a. 109 J:.n.
Cousol., gold, tia, 1916
96 13
98
93 Apr.
Hem. <Jk Cli'laton— 68,gold, 1924 10413a. 10413a. 101 Jan.
Metro. Klevated.— Ist, 68, 1 908 Il6'ea. 117
116 July
2d,68, 1899
108>ab. 107'8 July
Mexican Cent.— New ass. is!."
70 b. 51 Fell.
lucomcs, 3a, 1911
22 b.l 20 July
MJch. Central— 1 at. cou., 78, 'd'i 129
128 a.tl27 May
Ml88'ri Pac— l8t, cons., 68,1920 117
116^b.lll4%Feb.
8d, 78, 1906
122 b.il21 Juue
1888'.""'
Iu3i4b.|102
99
May
92
64
94
125
1221a Jan.
74
94
112
91i3Jau.
7713 Jan.
91 Jan.
26 July
b.
27
114
2d mort., 78, 1891
Hont-Tlie letter " b" Indicates price
»2
78
114
114
a.
68,
82% June
Mar.
1011* Jan.
10812b. lo6ia Mar.
116
112% Jau.
92
26
114
92
121i3Jiine
Apr.
86% June
July
56 May
97ifl July 10138 Apr.
100 July 108 Jan.
1321a Mar. 137 June
112% June 115 Mar.
115 Jau. 120 Mar.
93% Feb. 104'8VIay
95 14 May
881a Feb.
88 July 98 13 M:..y
106 Feb. 10913 Mar.
105 June 111 Jan.
9313 June lOOig Jan.
9218 Jan.
92 14 Feb.
99 Jan. 109 May
38 Jan.
53 Mav
120% Jan. 125% Jime
a.
50
Ind.Bl.
Mo.— iBt,
3838 June
Jan.
Feb.
104% Feb. 109
1
l8t. So. Mill. Di v.— 68,1910....
Pac.W.Dlv— 5s, '21
l8t, Chi.
Pac. of
1.
Highest.
82 !« July
b.
105
1908 IO513
2d, 5s, 1913
Oen. Iowa— l8t, 78, '99, coup. oB
Central of N. J.— let, 78, 1890
A<Utist. 78, 19li3
Convert, deb. 6«,
STOCK EXCHANGE, AND RANGE SINCE JAN.
Railroad Bond*.
BaUroud Bondt.
Att.
N. Y.
I26I3
May
Apr.
M
ir.
Feb.
July
Jau.
June
INlay
124
Mar.
115 Feb.
121i3Feb.
II314 June
9913 May
117^ May
11413
109
103
May
May
Apr.
llSiaMay
99 June
12013
May
May
113
Apr.
107
75% June
27% June
131
119
26
105
Apr.
Apr.
Apr.
Jan.
105 13 July llOia June
Ind.
and
'
'
Closing.
Range
July29 July22
Lowest.
Mil. Lk.Sh. A W.— 1st, Sa. 1921. 118
Michigan Dlv.— Ist, 6s, 1924..
Minn. & 8t.
Ist, 78, 1927.... 130 b.
85 a.
Imp. & Equip.— 68, 1922
Mo K.&Tex.—Oon., 6s, 1920... 9313
8213
Consol., 5a, 1920
111 b.
Consol., 78. 1904-5-6
Mobile & Oliio— New, 6s, 1927 .. I1312
107 b.
Ist, Extension, 6b, 1927
45 b.
Istpref. debentures. 78
Mutual Un. Tele.- S. f., 6b. 1911 8538b
Nash. Ch. & St. L.— 1st. 78, 1913 129 b.
N.Y. Central- Extend., 5b, 1893
N.Y.0.&H.-l8t, cp.. 7s, 1903
Debenture, 5s, 1901
L—
118
114
132
86 a 85
9513
93
8414
82 13
113
1091a
.
50
b.
86I4
V19
b.
122
121
133
July
July
102%
89%
113%
114
Jan.
Jan.
Apr.
Apr.
Jan.
Apr.
107
June
90
Feb.
50
June
66% Mar.
Feb.
89
1
>s
127
July 123
125i« Jac
109 isb.
—
Pitts.- 1st, 6b, 1921...
113iaa. 113 lab.
1891. 108%b.
Apr.
May
May
117
9i|iab.
92
1st refundin;;, 58, 1937
Midland of N. J.— Ist, 68. 1910 llliab. Ill I,.
PaclHc— Ist, 6s, 1920
811s
II514
North. PaclHc— Ist, coup.. 68, '21 II514
105 13 10513
Gen'l, 2d, coup., 1933
103 b.
James R. Val. Ist, 68, 1936..
N. PacTer.Co.— Ist, 68, 1933... ioi's
102
Ohio A Miss.- Consol., 78, 1898. 117 a. 11513b
116
2d, consol.. 78. 1911
Spriugticld Div.— 78, 1905
Ohio Southern— 1st, 6b, 1921. ..
105
39
39
2d,lnc, 6s, 1921
Oregon tuipr. Co.- lat, 63, 1910 97
98
109
Ore. K. ANav.Co.— let, 68, 1909
101
Consol., 5.-, 1925
Oregon A Transoon.- 68, 1922.. 99
100
Peo.DecA Evans.- Ist, 68. '20.
Evansv.Div lat, da, 1920... 110 a. 111 a.
Rich & AH.— lat, 7a, 1920. tr. rec 70 a. 70
Rlehm. A Dan.—Cons., 6s, 1915 llliaa. llliab.
Debenture, 6s, 1927
78,
Feb.
Jan.
Jan.
Apr.
1
1091.2a.
1.
Highest.
IOII4I.. 104I4
N. O.
Consol., 6s, 1922
since Jan.
104
8
N.Y.Sus.AW.- Deb.,68,'97,op.ofl
Rome W. A Ogd.— Ist,
1887.
Julv 131
Jau. 107 14
131 b 13314 Jan. 137
lo9 b. 106 Mar. no's
130 lab. 128I9 May 133%
9313
85 Jau. 101%
9712a.
70 Jan.
99
66I3
80
651a Jan.
N. Y. Lack. & W.— Ist, 68, 1921.
Oonatruction, 58, 1923
N. Y. Ont. A W.— 1st. 68. 1914. 109 13
A
1,
ll2%b. 108'b Feb.
N.Y.& Har.— 1st, 7s, 1900
N. Y. Chic A8t.L.— 1st, 6s, 1921
2d mon., «s, 1923
N.Y. City &No.—Gen., 68, 1910
N.Y. Elevated— Ist, 78, 1906.... 119%
Roclt.
XLV.
fVoL.
Feb
107
107
69
91
110
Jan.
Feb.
39
July
Mar.
128%
Mar.
Apr.
Apr
May
June
Apr.
May
May
Apr.
Jan.
Apr,
Jan.
1 10
110=8 Feb
77 Apr.
96% May
Apr. 115% May
86% May
751a Feb.
114% July 118% Apr.
IOS'b Jau. 107% Mar.
10618 Jan. 111
May
100 July 107% .Tune
115 Julv 123 Apr.
114 July 119 Jan.
109 Jan. 112% Apr.
102 Feb. 111% Apr.
91^8 Mar.
Jan.
108
50% May
May
May
1027e
112
100% June 106
98 Juue 104%
110 Mar. 115%
108 Mar. 112
66 Jan.
77
IIOI3 Julv 115
106 Feb. 114
114 Feb. 120
108 Jan. 117
IO8I4 June
101% IOII2 100%
Consol., extend., 5s. 1922
102 13 102 14
IO214
St. Jo. AGd.Isl.— Ist, 68, 1925
65 b. 6213b. 65
2d, income, 58, 1925
St.L. Alt.A r.H— l8t, 78, 1894.
114
2d, M.,prcf.,7s, 1894
110
2d., M., Inc., 7s, 1894
105
40 b. 40 b. 35
Dividend bds, 68, 1894
Jan.
Apr.
June
Feb.
Apr
June
Apr.
Mar.
Apr.
112% May
June [104% Mar.
July 108% Apr.
July
75 Apr.
Jau. 116 June
Feb. 11238 June
May 108 Jan.
Jan.
48 June
99
St. L. Ark. A Tex.— 1st, 6s. 1936 98%
98% Feb. 10238 Apr
44 b. 46 b. 44 June 5514 Jan.
2d, 68, 1936
St. L. A Ir. Mt.— Ist, 78, 1892... lll%b. 11 13b. 110
Mar. 115 Jan.
112iBb. 109
lit
2d mort., 7a, 1897
May 114% Mar.
Gen. Ry. A land gr., 5s, 1931. 94 a. 93
93 July
99 Jan.
St. L. A San Fr.- 6»., 01. A, 1906 113 b. 113
113 July 115% Jan.
113 b. 11,1
68, Claws B, 1908
113 July 117 Apr.
113 b. 113
6s, Class C, 1906
113 July I1714 Apr.
II313
111
Gen'l mort., 68, 1931
108% Feb. 115 May
9878
Gen'l moit, 58, 1931
99%
93% July 101% Juue
80. Pac, Mo.— 1st, 68, 1888... 10014b. 108
100 Julv 104% Jan.
St. Paul M. A M.— Ist, 78, 1909.
110% Jan. 118 Apr.
119 b 119%a. 1 18 Feb 121 Mar.
2d, 6s, 1909
116^8
lstcoua.,6s, 1933
12014 May
1 1638 July
reduced to 4138
Do
98%b.
93 Feb 101% May
Shenandoah Val.- 1st, 7b. 1909
106
96 Jan. 109 May
Gen'l mort., 6s, 1921
49 a. ^i a. 37 Mar. 55 May
98
80. Carolina— Ist. 68, 1620
98%a. 96 M.iy 107% Jan.
2d. 68, 1931
70 a 65 May
80 Jan.
Inc., 6s. 1931
12%b.
19 Mar.
28% Jan.
lat, 6a, 1905-12.. 115
So. Pac, Cal
b. 114"
110% Feb. 115 July
80. Pac, Ari.— Ist, Os, 1909-10..
110 Feb. 112 Apr
60. Pac, N. M.— l8t, 68, 1911. .. i'0'3 "bl l'o"7%i)' 105% Jan
110 June
Tex. A Pac— Inc. A Id gr, 78. '15 5214
5514b. 51
July
66% Feb.
Rio Grande Div.— 68, 1930 ... 71 b. 72 b 64 Feb
78% May
Gen. mort. Aterm., Os, 1905.. 66 a. 67 a. 65 Mar.
72 Apr.
Tol. A.A. AN. M.— l8t,6s, 1924
99%
89 Jau. 100 May
Tol.A.A. A Gr.Tr.- Ist, 6s, 1921
103 Jan. 109% June
i'o"834'
Tol. Peor. A West— lat. 78, '17
104 Jan. 112 Feb.
Tol. A Ohio Cent.— Ist, 5s, 1935 96
96%
95 Jan.
99% Jan.
Ist.Bs. 1916 9638
Toi.St L. A Kan.
96 July 97=8 June
Union Pacillc-lst, 68, 1899...
115%b 114 Jau. 119% Mar.
Land grant, 78.1837-9
103 %b. 103 %b. 102 Jan. 103% May
Sinking fund. 88.1893
115 b. 115 b 114 July 120 Feb.
Kan. Paeirtc— lat, 68, 1895...
112 b 111% Feb. 115 May
Ist, 68, 1896
1123ta.ill2%a. 111% July 115 Mar.
Deuver Div.— 68. 1899
115%b 114 Jau. I1714 Apr.
IOII4
Ist cousol, 6s, 1919
102% May 109 Apr.
Oregon Sli. Line -Ist, 68, '22, 10278 102% 100 May 107% Jan.
Virginia .Mid.— Inc. 6s. 1927...
95 Apr.
99 Jan.
Geu'l mort., ."js, 1936
89 a. 88 b. 86 June 90 Apr.
Wab. 8t.L. A Pac. - Gen., 6s, '20
50 b. 49 Jan.
60 14 May
Chicago Diviaon— 58, 1910 ... 9878
98%
89 Feb. IO414 May
Wabash- Mortgage, 7e, 1909
90 b. 84% Mar. 97 May
Tol. A Wab.— Ist, ext.. 78, '90 114 b. 113 b. IIOI4 Jan. 11714 May
1st, St. L. Div.. 78,1889
112 a.
106 Jau. 116 May
2d, extended, 78, 1893
99 %b. 100
99 Jan. 108 May
Con., couv., 78, 1907
84 Mar. 99 May
Great West.- Ist, 7s, 1888... 114 b. 113 b. 109 Jau. 117% May
2d, 78. 1893
99 %b. 99 b. 99 Jan. 107 May
8t.L.K.C. A N.— R.eAr.,78,'95 112 b. 112 b. 109
Mar. IMHJuly
West Shore— Guar.. 48
99^8
lOOSg
9878 July 10438 Jun e
price asked; all other prices
.
1
I
1
I
1
1
.
"
—
.
C—
.
and the
ransje are
from actual
sales.
STATE BONDS.
SECURITIES.
Alabama—Class A, 3
Clase B, 58
Class C, 48
.68, 1020
t^
6
Bid.
1906
I9O6
1906
.:::i9oo
Arkansas—6b, funded. .1899-1900 102
10
78, Little Roek A Kurt Smith, Ibs
35
7», Memphis A Uttle Rock, IsB..
7b, Arkansas Central KR.
Oeorgia~7H gold
J89'6 108
Jjoulsuina- 78, conB
StamiKid, 48...
MlchlgaD-7g
1914 100
85%
".''.'.'.'."'is'o'o•I
Aak.
106
106
SECURITIES
Miasouri— 6s
due 1889 or 1890
112%
Asylum or Uuiversily, due 1892
102
Funding
1894-1895
104
New York—6e, loan
1 892
6e,loan
1893
40
North Carolina— 6b, old
JAJ
30
Funding act
1900
14
New bonds, J. A J. ...1892-1898
Bid.
104
110
112
112
118
35
12
20
9
15
Ask.
SECURITIES.
Bid.
Ask.
Rhode Island-6B, cou. .1893-1894 116
—
Souih Carolina 6a, non-fund. 1888
6
Brown consolidated 6s
1893 105
Tetineesee- 68, old
1 892-1898
60
108
64
1912
1913 102 106
58
1913 100% 104
38
1913
72%
Chatham RR
15
Virgiuia- 68, old
48
Special tax. Class l..l!!.'!II!!!!'
15%
6s, eoiis-Dlidated bonds
90
Consolidated 4«
1910 96% 99
68, consolidated, 2d series
60
6»
1919 121% 125
6b. deferred, trust rec
10% 11%
Compromise, 3-4-5-68
New settlement— 6a
—
July
:THE dHRONIOLR
80, 1887.]
139
BONDS—STOCK EXCHANGE ({UOTATIOVS ON fUIDAT OP INACTITK BAILHOAD BONDS.
BKCURITIES.
Bid.
llondfi.
ilHork Eirhiinut Prieu.)
Atch. Ti].. A- Hi n.
41,8 ...1020
eiiililiiK fmiit, Vm
1911
B<'<'<li Ciii'k-lht
l»3tl
li-t KoK
gold, 4r
60
82
Bait, it Oiiio-lHtCii,
iHtOx, Park
J
B ..1010 '124 [20
Aa.Kolil
112>«
Rc'ilKtercd
Bo»t. H. Tun. A W.— D«t>. S8...1913
90\
Bnrl. C'edur Raplda A Hot—
lat 8h
1906 '110
Ci'iigol. A rol.tr, 8a
100
1934
H—
Rfgl(*n're<1
Minn. A
C. A
Ccd. R.u>.
Ist
.^B
>.Y &
Btifl.
L.-l«t78, »tu .1927
Went.- lat 7a... 1909
I. F. A N., lat 68.1920 106
1921
Plill.-Cuna. 6a... 1921
Tnist ciTtltliiiiea
Grncnil Ob,
71
A
105
A Alton-
1893 •113^
1903
124>s
Louig. A Mo. River— iBt 78.. 1900
2rt78
1900
Bt.L. Jiicks.&Chle.— lst,78 1804
1st, >:iiiir. (Se4), 78
1894
2rt iiiortK. (360), 78
1898
2<l, Kimr. (18«), 7h
1898
Mtea. K. BnrtKe— let, 8.f. 68.1912
Oblo. BurlhiK. A Quiuoy—
ConsoildHttid, 78
1903
6a, ainking
lund
Iowa Div.- Sink, fund,
58..
SiDkinj; fund, 4e
Plain, 4»
Clilc. Biirl.
Cbl. R.
Isl.
1901
1919
1919
1921
A No.-Deb. 6e....l89t)
A Pao.— 68, coup. .1917
Bcgletcred
Ext. A Col., 58
R<gii.t< red
Dea Mouu'8 A Fort
i"22'
116
106
130>a
98\ 99
•105"
30
96
133
108i«
89
*
90
88
110
112
Milwaukee St. Paullet, 8s, P. 1)
1898*130
2d, 7 3-108, P.
1898'
let, 78, $ g., R.
1902 •127
Ist, La C*oese Di vision, 78.. 1893 *116
D., 78
1899-122
lat, 1.
let, C.
M., 7s
1903 *125
lat, 7s, I.
I). Ext
1908'
1st, 8. W. Div., 68
1»09|
1919'*103
Ist, 5e, La C.
Dav
let, H.
D., 78
lOlOr
lat, H. &D.,5s
1910
Cliicago A Paeltifi DIv., 68..1010!'104
130
104\
Fargo A South.,
115
A
D
D
A
A
A
Clilc. A Mo. Riv. Div., 58... 19261
Ulnernl PeintDlv., 58
1910'
19211'102»«
C. AL. Sup. Div.,5e
Inc. conv. sink,
6s,
Aesu
...
fund 58
Extension honds
A
L.
—le
8.— let,
DesM. A Minn.— let,
19241
124
1916 ' 05
1916*
Dakota A Gt. South.. Ss
Chicago A >orthwe8Ieru—
Esoanalia
117>s
A
A
68...
1926
1901
ge>a
97
78
1907
Iowa Midland- 1st, Ss
1900
Peninsula— Ist.conv., 78... 1898: 130
Chic. A Milwaukee— let, 78.1898*121
Win. A St. P.-2ri, 7s...
1907 >132 132
Mil. A Mad.— let, Os
IhO.t 1I8<4
Ott. C. F. A St. P.-lst, 5e..l909
Northern 111.— let, 5
1910
A Indianap.—
1899
Coneol. 7s
1914
C'oneol. eink. fd., 78
1914
Chic. St. PiUil M. A O.—
CJUc. S. P. A Minn.— let, 68.1918
No. Wisooneln— let, 68
19:^0
Chic. Ali. 111.— let, 8. f., cur.. 1907
CI. CJol. Cin.
let, 7s, 8. fd
Coni-ol.,
lt.t,
AW.
108
1091s
125
115
1934 114
6e
RegiBiered
..
Cin»Jack. AMac.— l8t,g.,58.1933
A Green.— let, 68
1916
2d, 6s
1926
Col. & Cin. Midland— 1st, 68. .1914
Del. Lack. A We8t.-Couv.7e.l892
Mortgage, 7e
1907 132
Bvra. Biiig. A N. Y.- Ist, 7b. 1906 132
Morrie A Essex- l8t,78
1914 142
116>»
11238
CoL
2(1,78
Bonds, 78
78 of 1871
iBf, eon., guar., 7s
Hud. Canal— let, 78..
Ist, ext., 78
Coupon, 7s,
Del.
A
Registered, 78
Pa. Uiv., coup., 7s,.
Registered
All>aiiy A Sueqne.- let,
l8t. eone., >;uar., 78
Trn-t, .'»
Br. U. P.-K. o.,7a
•;.
Atch. Qil. A P»«.— Int. n« lUUAi
AUih. J. Co. A W.-la', 6a 1906
Ut. B<i.—Gen., 78
1009
Kxlen., 1-t, 7«
1M9
Bt. I.ouls
lat, »)b.
•---
iis"
ioe\
ioHK
91
00
A Hah Pranelsoo—
I'leneC.AO
1919
l^iulpnient, 7a
1H9.^
Kan. Cliy A 8.— lat, ««, > 1918
A V. B. Hc.-lat, «s 1910
"
101
i«-
Ft. 8.
U
K.AHii.Wn.-lat.ea.lWl'l
08
Tm. a Pac. lat, Oa
1006
lat, «•, ox eou|mo
119l«
Oon»ol.. 0». iraatn<c«lpta.t0O5 100
101%
Hous. K. A W. Tex -Ist, 7a... 1898 61
Pennaylvanla RK.—
Illinois rentml—
Pa. Co. 'a guar. 4iaa, lat op.. 1921 104
Ist, g<iM, 4s
19.M
Pa. Co.'a4'«a, rer
..1921 104
Ist. golil, 3'«8
94
97 1«
1951
Pitta. C.A8t.L— lat,ep.,7a. 1900 119
Bjiringf. Div.— Oonp.,..6a, . 1898 1151* 117
Rrgiatered
Hiddlu Div.- Reg., 5a
1921 114
2d, 78
1913
C. St. U A N. 0.-Tcn.L,7a.l897
Pitta. Ft.W.*C.-l»t,7a...I9ia 130
lat, eonaol., 7a
1897
2d. 78
1912 137
2d, 68
1907
3<«.7a
1912 1.15
Gold, 58, coupon
1061
Clev. A P.-Cona., a. fd.,7a l-<00 128
117
139
RigiBiered
4th, sink. fd.,8a
112>a
1892 106 («
Dub. A 8.
2d Div., 7a. ..1894
Bt. L. V. AT.H.-lat, g.,7»l*97
Ced. Faiie A Minn. -lat, 7a. 1907 120
2d, 78
1898
Indianap. D. A 8iir.—
2d, guar.. 7a
1808
Ist, 7s, ex. tuna. oiipon
1906
Fine <°reek Railway—6a of 1033
108
Lake Eric A
-lat, g., 68.. 193'
103*4 103>^ Pitts. Clove. A Tol.— lat.6a ..1922 114
Lake Shore A Muh. So.—
Pitta. .luncllOR— 1st, 6a.
1922
Cleve. P. A A.— 7a
Pitts. MeK. A Y.-lat, 6a
1892
193.4
Buff. A Er.— New bonds, 78.1898 124
Rich. A Danv.- Deb. ex cp.6a.l927
SO
Kal. A W. Pigeon— 1st, 7t...l890 101
Coneid. njort.. gold, 5a
1937 114
Det. M. AT.— 1st. 78
1906 127
Atl. AChar.— lat, pr.,78....1897
Lake Shorn- DIv. bonda, 78.1890
124
Inoomea
1900
Coneol., reg., let, 78
1900 125 126>4 Rich A W. Pt. Tor^ Truat 6a 1 897
97
Consol., reg., 2d. 78
1903 123
Ban Ant.A Arana.-Iat,6s,'85-I918
91
Mahon'g. Coal RR.— ls% 5S.1934
1st, 68, 1886
1926
Long Isliuid RR.—
Scioto Val.— Ist, cons., 78
1910
N. Y. A M. Beacb— 1st, 7»..1897
Coupons off.
60
65
N. Y. B. A H. B.— let, g., 58. 1935
Bt. Loids A Iron MountainLouisville A Nashville—
Arkansas Branch— 1st, 78.. 1895 112
Cecilian Briincn-78
1907 109 >s
Cairo A Fal^.n— let, 7a
1801 105
Pcnsacola Div.— 68
1920 IO3I6
Cairo Ark. AT. -let, 7a
1897 109 113
Bt. I.flui8 Div.-lst, 6s
1921
St. L. Alt<m A Ter. Haute—
2d. 38
1980 58
Bellev. A So. 111.— let, 8s. ..1896
Nashv. A Decatui^lst, 78.. 1900
Bellev. ACar.— l8t,6s
1923
B. A N. Ala.— 8. f., 68
St. Paul Minn. A Man.—
1910
Louisv. C. A 1^—68
1931
Dakota Exten.—6a
1910
119
1937
Min'sUn.— lat, 68.
6 p. c. 50 year gold bda
103
1922
Pens. A At.— let, 6s, gold.. 1921
94
St. Paul A Dulutli— 1st, 58. ...1931 111
98
iiii"
Sodus Bay A 80.— lat, 5a, g...l92l
Lou. N. O. A Tex.— Ist, 58.... 1«'*4
Manhat. Beach Imp. Co.-7«.1*0 <
90 Tex. Central— let, s. t, 7s
1909
Mexleac Central— l8t, 7s
1911
let mortg. 78
1911
Ex coupons 6, 7, 8
Tex. A N. O.— 1st, 78
1905 110
Mich. Cent.— let, con., 58
Sabine Division, 1st, 68
1902
1912 103
190SI
Vallev Rv Co. of O.— a>n. 68.1921
6a
Coupon. 58
1931
108 >« Wai..6t.L A Pac.- Hav. Dir.-68.'10
Registered, 5s
IndianaiMilis Div.—«a
1931
1921
Detroit Div.— 68
Jack. Lan. A Sag.—68
1891
94
1921
Milwauk. A North.- 1st, 68. ..1910 *108 1091a
Cairo Div.-5s
1931
ExtciiShin, 68
1018 107 107 tj
Tol. AWab.-Eqnlp. bd8.,7sl883
Mllw. Lak« S. A West.1890
Suin. AToL— Ist, 78
Conv. deb.. 5e
an. A Naples- let, 78
1904
1907
101
Ashland Div.— Ist, 68
III. A So.Iowa— l8t,ex.68.1912
1925
116
Minn. A St. LouisBt. L. K. C. A N. Iowa Ext.— Ist, 78
Omaha Div.— Tr.Co.rec.l91<» t21>«
1009
116
Clarinda Brnnoh—68
2d mortg., 7e
1919
1891
Southweet Ext.— let, 78
8t.Charle8 Br'ge— lst,6s.l908 106 >a
1910
19211"
PacllloExt.— let, 68
No. Mi.saourl— Ist, 7s
1895
lis
uy7\
Minn. A Pac— Ist mortg. ."is. .1936 lOl^j 10212 Wab. St. L. A Pac— Iowa Div., 8s
Minn. A N. W.— Ut, 5a, gold. .1934! 101% lU21s West. Uidon Tel.—Coup. 78.. .1900 116
Registered
Mo. K. A T.— C0UB.,2d, inc
1911
116>i
01
S. W. Telegraph— 78
1904
H. A Cent. Mo.— let, 78
1890
Wheeling A
E., 1st M. 5a. .1926 lOlU
Mobde A Ohio-Col. tr., 68 ...1892 102
70
Tenn. C. I.AR'y.-ConBoL,6a.l901
Bt. L. A Cairo - 48, guar .... 1931
75
South Pitts.— let, 68
1902
109
Morgan's La. A T.-lst, 68.. ..1920
BIr. Uiv.-lsteon. 6s
1917
84%
let 78
1918
Nash! Chat'.A si.'L.—2d,'6«"!l901
Col. A Hock. Coal A I.— 6s. g..l017
108
Income Bouda.
N. Y. Ceuiral-68
1887 100
(Interest pauable ij earned.)
N.J. Jnne.— Guar, let, 4a
1986
105
Atlantic A PaiTtIo—
K<'glstered certifieatoe
Central Division— Incoratt.. 1922
N. y. 1'. A O.— Prior lien, 6s . 1895
Cent. Iowa— Coup, debtoertra
N. Y. A New Eug.— 1st, 7e....l905
Chicago A f^aat III. -Income.. 1907
1905
let, 68
Den M. A Ft. D.— 1st Inc., 68.1905
N.Y. Suso.AWest— 2d, 4>ss...l937
1021
Det. Mack. A Mani.— Inc
N. Y. N. H. A H.— 1st, reg. 4a.l903
1970
EUz.Clty ANor.-2dlno
Northern Piictllc—
Ind'ap. Deo. A 8pr.— 2d tno.. 1006
Spok. A Pul.-lst, 8. fd., 68.1036
Trust reoelpis
St. Paul A N. P.— Gen.. 6s.. 1923
1191*
1888
I.«h. A WUkeau. Coal
Registered
104
HeleuaARedM'n— I8t,g.,6e.l937|*105 107 Mllw. Lake Sh. A W.— Inooiue.
prcl.
deben
Ohio—
2d
Mobile
A
6«
..1915
No.
E.-Pr.
N. O. A
1., g.,
ad"'
yd pref. debenture*
1931 114 116
Norf. A W.— Gen., 6s
4th pref. debentorea
1932
New River- let, 6s
N.Y. L. E. A West.- Inc., 6s. .1977
1934 ibo'
Imp. A Ext.. 6s
192-1 106
Adjustment M., 78
107 Hi Ohio Cent.-Mln. DIv.-Iuo. 7a 1921
logdeneburg A Lake Champlaln—
1920 104 13
Ogd. A Lake Ch.-l8t, 68
1020
Income
78.
Mies.—
e.
f.,
.1898
Cons.,
Ohio A
118>s
1021
Bach. A Plttsb.— Income
1932
General 5b
lei
pf..
Int.
aco't.
L.I.M.A8.—
78,
Bt.
Ter.
Tr.,
es...l920
Ohio tent.— Ist
'Sterling I. A K'y, aertea B.-Ino.'94
1921
Mln. Div.- l8t,6s
1806
Plain income 6s
1936
100 >a
Ohio River RR.-lst, 5s
79l« Shenandoah Valley— Inc. 6a.. 1988
Omaha A St. L. R'y.- let, 4s. 1937 78
Llal.
Free
68
1921
Ore|.on ACal.— Ist,
Carolina Central -I at, es ...1930
Panama—Sink. Id., sub., 6a. ..1010
Peoria Deo. A Ev.— -.id, 58. ...1927 84 Cino. U^mlUOTi A Dayton
Cumberland A Pei.n.— lat,6*.1801
1921 111
Peoria A Fek. U'n— 1st, 68
18SH
2d niort. 6a
1921
78
2dM., 4»g8
Oal. H. A II. of "Si-la^ea .1913
Pacitlo RR.- Central PaolHo—
lat.7a
KK.—
JeffeiBou
116
1895
tion<l8,
6s
Gold
--'SS
M9
N. J. rtouthem-Int.guar.,6a.l800
1896 115
Gold lionda, 6«
Wabaab Kun.led Int. Bond*—
1897 115
Gold bonile, 6s
7a
Toleiio A 111. t>lv,
Cal. A Oregon— 1st, 6s. ...1888 100
tOOO
2d iu"rf. <a
i04>4 •* irr.n
Cal. A Or in.n-8er. B., 6 1892
Bt.
i«%
1891 112
1900
1901
1915
i'12%
126»B
134
.1891 ioeog
1891
1894 115
1894 lift
1917 140
140
78.. 1888 103
1906
let, eone., guar., 6e
1906:*.
Hegisiered
Ren?. A Snr.— 1st, coup., 78. 1921
Registered
Det. Mnek. A Mar.- 1st, 68...1921
Pet. Bay C. A Alp.- l«t, 6 .. 19J3 107
<
. .
.
I
98
I
id3>i
140
Registered
No
Mt. Vemiin— Ist, 6«
1923
A Indian.— let, cona... 1926
A Mani.— Mnrig., 6«. ..1920 IIH
Urand Rap. A lod.— Uen. &I..1WS4 97
KeglBteivd
Han. A St. Jon.- cons., Oa
1911
'""'
I'V !;
Col. Trust, n«.
<'A>1.
U
120
Iiid.— let, e.f., 6s. .19191*1 10
Gent-riil niortgagH, 6
1932 110
Chie. A St. Loui^— let, 68
1915
Cin. I. St. L. A Chicago—
let, gold, 4b
1036
Chic.
ir.,
1807
loig lie>a
1923
1020
118%
1888 102 >fl
1920
H<0M
IHKi ISO
ealna'J
108
fltf
••-"IUVIIA%
tH«7l
,
1905
Clileago
7«
lat, 8a
Ev-BiiB.
Fl't
P.
Wn
iim
D.— Ist,48.in05
Extension, 48
Krok. A Dos M.— let. 5e ....1923
51 h, 78
let. cons., fd. conn.,
Reorg., l»t lten,l)H
P».inr-Ho«d«,fc,...mg»l 114
No. Railway >(:Bl.>-l*t, at l90Ti*l IK
C—
1034 105
lBt,2i2s
exiended, 7a
108
'
Clii'B«iHtHkr A Olilo
«B, giild, sines
1908
CliiB. O. A 80. Weat.-2d6B...1911
^
1st,
2d, cxii nileil. !i»
8d, extended, i^it
4th, extended, ha
Parillc Hnllromla—<0»>lWllM<»—
Wem
DIvlBlonnl r>H
19R0
A W.of Alii.,Ut,rnn Kid. 6«.1P2«
Elii. C. A N.-8.f., deb., te. ..1921
Ist inortK.,6N
1920
E.
Erie—
NDOvkmn.
BM.
Cln.-lat,7«...lfl00 117
A S. W.-Morig. 8a... .1008
Evan. A T. H.- Ist, <'<in8., 6a.l921
1924
Sinklne fmid. 6a
A
BulT.
50
TniBi rcriitlcstes
Central Iowh—
tiiMcrn l)lvlBlon-lst 6» ..1912
IlliiioiB Dlvl-ion— iBtOs
1912
ClilcBgo
let
E. Tenn. Va.
B. N. Y. AK.-lsl, 7«
N. Y. L, K. A W.-Col.
..
8t.
Iowa
BECURITIES.
Aak.
RnilroaO
119>4
price Friday: these are latest quotatlonB
,
«R—
made
this
woo".
.
.
—
'
.
THE CHRONICLE.
140
New York
Qnoiatlons In Boston, Plilladelphla and Baltimore.
BANKS.
BAILBOAD BONDS
B08T0N.
A Topekn— l»t, 7§
At«>>.
Coll Tina', 68
IjiuQd ^rant, 7a...
6b
Mprtgaffe. 6s
Vllegh. VaI.-7 8-lOs, '96
7», K. ext., 1910
Tno. 78, end., coup., '94
Bait. A O.K. Side— Certs.
Belvld'e Do!.— l»t.B8,1902
96
102
86
KBn,
Mortgage, 4^.....
8ECDRIT1B8.
Ask.
Bid.
BKCtJRITIKB.
107 >a Bell's Gap—
1893.
120
Ist, 68, 1905
Btir.*Mo.luNeb.-Ki't,68 {
(103
Con., 68,1913
68 nou-eiempt
04
Buff. N.Y.A PhU.-lBt,6e
4s
lat.Tr. 68, 1923
113'a
LanA grant, 7b
114
Cam. A Amboy— 68, o.,*86
CalVornia so.— Ob
1-9
as
Mort., 68, 1889
Incon e Gs
100
Cam. A Atl.— lst,7s,g.,'93
Chid. K. C. i We8l'n-68.l 69
6t
64 <
2d, 68,1904
Incomes
!0
Cons., 6 p. c
CuUB. Vermont, SB
126
Catawlsaa 1st, 78, con. 0.
Saet'rn, Mass.— 6b, neir.. 12S
123
New 78, reg. A coup
.StMo.V.-6B..
Frem.Klk
lis
Col. AC. M.— 1st, 68.1914
K. C- run Scolt * G.— 7b
115Connect'g 6s, cp. 1 P0004
K. C ttT Lawr. A Sn.— 8B..I
82
98
Pel. A Bound Br.— l8t.7s
K.<'. Miiiiili. A- Ilinii— ;»
124
Duluth Short L., l8t, 68.
K. lltvM. Jo, <Sl'. U.— 78
no EastPenn.- l8t,78, 1888
K. C ItV Sp'd A Mem.— 8a
101
EastonAAmb'y— 68, 1920
K.C. Clint. * yrriiigf.— 56
Bl.AWm8p't-l8t,68,1910
UUle B. A Ft. S.-7»
105'
I.o4iBT.ET.AStI..-lst,Ga
68, perpetual
61*9
Harrisb'g- lst,68,1883..
2d niort
H. AB.T.-lat, 7b, g., 1890
Mar. H. A Ont.— 1908, Ub,
99
Cons. 58, 1896
1W6, 6s
IthacaAA th.— 1 Bt, Kld.,7p
Keilcan Ontral—4b
Bend scrip
Leh.V.— l8t,8s,C.A«.,'9!
i 78
78
2d, 78, reg.,1910
SIS)'
Ii^oome
Cons. 68, C.AR.,1B28..
94 Hi P3
Couprn notes, ICs
No. Penu.-rd, 78, 1896..
89 1100
Debtnture, los
Gen., 7s, 1903
1171)'
K.Mei.A So.rac— 7»
Debenture 68, ref
1124
«. Y.4 N. Knslan<)-7s..
Norfolk A WeBt.—Gen.,6f
114
as
N.R.Div.,l8t, 68.1932
104
Trust, «8
no's
106
116
1104
48., 1927
Ist, 7s,
Cons. m.
...
116'6
104
110
i
....
I
—
H
,
ASk.j
AAk.
[
Am. Exob... 142
121
97
205
Girtieia
.0*
Odrm'o Am.. 113
Oermania. .. 2J0
1144
1
Sroadway... 260 270
jutcbR'A Dr 166
Central
135
isfs
200
Obaae
Obatbam
210
Obemlcal
2600
Uitizens' .... 140
300
Oity
..
173
Greenwich
Hanover
US'.
..
vfarket
tfeohanlcs*
128
Oorn Ezcb... 190
Kast River.. 130
ISO
llt-h Waj-d.
mttb Ave... 700
1500
First
145
Fourth
162
Fulton
214
170
.
135
Park
185
140
..
12s
118
220
..
Second
S loeALeatb 141
itateofN.Y.
14H
tfercnante*
112H! iVs"'
.
Ward.
7th
Vl'rch'tB'ET. l';o
Itelropollt'n 25
^laesao. ... 146
^e>w York . 21(1
170
180
StNloholaa.
145
vTercaiitUe.. 146
!22>a
S. America, 127
'forth Rlv'r.
>rlental
185
Piclflc
156
People's.
P lenlx
flepublic
no
tf'ohB'ATrp
Ask.
Bid.
«.Y. Countr 2:0
». Y.Nat. Ex 125
fintb
1?0
170
Ina-ATradV 330
146
Irving
Leather MfR 210
Manhattan.. 165
....
lontiaental.
106
106
:
—
Bid.
Bia.
Local Secnrltles.
Bank Slock L,lst.
BANKS. Bin. Ask. BANKS.
OUlatln
Oommerce
I
ZLV.
[Vol.
32
125
Third
fradesmen's 103
tnlted st'es 210
Insurance 8tock, List.
134
-•^
103
116
[(^notations
OOMPAN'8
(Bid.
by E,
Pine St.]
S. Bailey, 6*9
Ask.;
COITPAN'S.
173
95
165
190
12)
iGreenwich
I
COMPAN'S.
Ask
Bid.
Ask.
Bid.
1
1(jO
8(18,68,
Ogdensli.A l,.C'h.— 6»
CouBoliftateA 6b
Bntlaud— iBt
44
{
6t
99
Sa
Bo ithem Kansae— 68
Incomca
o iora~78
W
STOCKS
1
cMaon A Topektt
Bton A Albany
,
A Lowell
A Maine ..
A Provinence
Bo-tcu Con. di M.. pref..
Bj^ton Re\ere B. A LynL
oston
ostou
B<)atun
California Sontliern
Cdotral of Ma.s8acliu8ett»
Preferred
Cheshire, preferred
Chic. A Eaat'n Illinois...
Chic. Burl. A North'n
Chic. A WcstMlcliigan..
Clnn. Saodnsky A Cleve.
Cleveland A Canton
Freienet'
Concord
I
i
Ojnnectiotit River.
19SH
136
Maine Central
A Lawrence.
A New Knglaud...
140
"is-f
H.
46 S
110
113
y.
Preferred
•«12
9
Wisconsin Cettral
i
Ist.
10>«
56',
pTei«ii>d
47
Little Scliiiylmll
Minehi
^ch. Haven..
66
"5»"
« tOlH.
Phlla. Get. A
Phlla. Newtown
M.Y
Phil*. A Reading
Phlla. Wllm.A Bait...;;.'
A
United N.J.
WMt Jersey Companlea
WaatiJerBey
A Atlantlol.
Leblgb Navigation
Bchnylklll Na-vlgalion.
do
•Ki-arvfftnd.
Prof...
80
;o»
86
91
.(>2ij
I
I
5"
tPerataie.
{
Bait.— Is'ta'
'.
I!"
W. M d.— 6e ,3d,f; uar." J.'aJ
Wilm. C. A Aug.— 6a..
WU. A Weioon—6s
7".
last price Uils week.
and City Rallrond Htockx und
175
105
180
too
180
110
102
60
no
10a
125
15S
63
140
140
17(1
160
280
iSouda.
I
druokljn Gas- Light
Oas-LisLt
Bonde, 58
OoDHoUnated Gas
.T-^rsey City & Hoboken...
MHtropolitau— Bonds
ion
60
106
76
104
56
102
75
160
115
9t
100
101
95
Matual (N. Y.)
Bonds. 68
NM8an(£klya.)
Scrip
49
to
14Ig
100
76
42
-!0
:
P»opl6'8(Bklyn.)
Honda, 6s
Mattoiioliiau (Bklyn.)
•faniclpal— Bonds, 7b
F
07
102
IC5
too
1U6
lUiHl
A
30
118
180
ICO
2rt moi-t., 5s, 1914
B'way Snriace itilH.ffuar
Bonds guar., 58, 190r
mooklyn Citv— stock
Ist mort., 5s, 1902
Sklyn.Crossiown— Mtock.
iBt luort, 7.S. 1888
Sushw'k Av.(Bkiu)— Sfk
lOoij
C
antral
103
100
100
172
166
106
165
106
180
no
170
108
156
160
r2o
81
UO
Croa^town— stk..
lat mort.. Us. 1922
116
Oent. Pk. N.* R.Kiv.-Stk
120
C'onaol., 73. 11)02
OhrtsfphrAlOth 8t_Stt. 121
I
im
uo
no
BondP, 78, 1898
Dry Dk. a.B. A Uat'v— stk
1st m<>i-<..7.', 1893
'.'4
n2Hi
155
112Hi
llllg
121
84
no
140
109
12a
L13
D. D. K. B.
A B.— -icrii
UO
42d
'JOO
107
15S
110
215
112
117
Av—
1
A Or'nd
^it.
A
A
SlcUi
Av.— .-lock
lit iuuri.,78, 1890
Tb:rd
AV—siock
rtondp, 78,
1890
Tw "utythird St.- .stock..
Ut
mrt.,7.s, 1893
I
Pref
Georgia Pac.— Stock
let 68
210
A
20
1U6
63
107
66 >a
Vicksb.
Prof
1
lat mort
2d molt
L.T'nders.' Deposits.*
S
9,t23,7UO
9,703,100
Fiiiladelphia
«
2,4Sci,800 102,263,500
2,4J1,;)00 101,016,100
2,^07.500 10l),602,200
66
9
101
98
20
tlie
Boston bankt
Circula'n
:
Agg.Cl'n«»
•
8,819,700
71.517,'244
8,b3o,90l'
(,833,3011
82.449,'28t>
76,516,867
Banks.—The totals have been as follows:
Loans.
Lawful Mou'y
Deposits.*
Circvila'n
Agg.CI'ngs.
•24,354,700
$
S8,8il8,400
26.352,800
89,635,100
24,1195,300
8f(.3;7,600
23,616.768
88.11f,ii2(i
3,301,950
2,874,660
2,964,550
2.984 ,'il2
9
T6,«90.919
69,764.809
68,348.163
61,825.941
S
3
9
16
23
94 >a
64
.
Wisuousiu Central
Piet
*
Jnly
lat.
A Mendian
Weal Va. RK.— lat, Bs...
West N. Car.— Con. M....
S,926,'200
Iflt*
36>a,
104
30
31
66
Cen;
Boston Banks.—Following are thie totals of
Jaiy 9 13«,OiO,S0O
" IB 130,7«8,2O0
" 23 13U,706,t:00
13
43<a
M.
Incomea
Specie.
40
36
Pief
Ohio......
1887.
114
Wicb..
Tol. bt.
Istpret
2d pref
1887.
let
L.A Kan City,
Utah Ceutral.— 1st
3i"'
240
112
PaulE.A Or. Ti., lat 6a
A N. Mich
A
98
18
2-.'5
ISO
115
»"2'
A W est. IIR.,
Rome A Decatur
Tul. A. A.
Tol.
O.
'
20 a
107
.
St.
35
3d
101
175
110
200
106
Mich. A Ohio— 1st M. ..
Xowii. N. * MiHs. Vnl. Co 15
17
N. V. City A Northern....
N. Y. W. Sb. A B.— Stock.
2'-i
North. Pac— Div. bonds.. 100 '2 103
Orange Belt 1st
99
Pensacola A Atlantic
lat iuort.,tiM
St. Loiiia Ft. S.
At.— Stk. "i'h
Pref
118
107
10
rec
tr.
Pitts.
69
UO
106
Bld.i Ask.
ilotor
tfexlcan National
liff'lv
Mex, Nat.Coustruct'nCo.
j
106
Exchanges:
botli
lat tuon^age,
'.
42
108 lai
63
160
112
no
Sjtwud Av.— Stock
Ist luor'.. e-", 1910
''ou-iol., 7a, 1888
74
...
At.&Pac.-;stM,C.D.o d68 100
Bust. U. T.A West.- Stk.l 23
Brooklyn Elev'd- 8tock..j 43
50
1st mort
107 "a 109
2d mort
83 "a 85
California PaciUc
Cape Fear A Yad.Val., 1st 92
Kanawha A
P'ry— Sin
Islmort., 78, 893
'
A
107
SECURITIES,
Cable Co
Coeitr d'Aleue
Ibt inoit
Dul. S. shore
,
42(lSt. Manh.
St. N.Ave 41
1st inoit.,6s, 1910
107
2d moil., income, 6a
60
"oust. W.st.AP. (••v-Sik. '.55
1st mort., 7s, 1894
Si:Cl)RITIES.
Tel.
Os 101
Ifcl/hth
Ktock
scrip, 6s, 1914
Unlisted Securities.— Quotations from
Ist 68
180
12B
121
HO
105
137
106
120
110
Mumclpai
Hi nd', Gs
Eiuitablp
anuds, 68
l-/lHi
Kan. City A Omaha
1st mort
10. 1,
77
44
.O
lOJHj
88
109
tlton
83
126
1)4
ICityKR. Quotations by H. L, Qbant, Broker, 145 Broadway.]
2da
1201,
60
120
110
WillUmslinrg
i'2'2
ai'oker St. Fult. P.— Btk. 28
Ist mort., 7s, 1000
112
Br'dway A 7tli A v.—st'k..
Ist mort., 5s, 1904
East A West RR. of Ala.
EdiBon Electric l,lgbt
Flint A Pere Marquette.,
iV'i"
>a
49a4
-
i
A
60
iO
115
{ 491.
....
Stuyvesant
United St'es
Westohestoi
WUliamsb'g.
Merchants'.! 90
MoutauU.... U5
Nassau
140
I
Aug.- lat..
Ist Inc., 68, 1931
65
Mercaulile..; «0
i'lies.&0.. ser. B.def. scilpl.
Chic. Santa Fe
Cal. 68..'.
60
60
ColnmbiaA Greeny.- late
H7
TO
!
i
llSHi
lifH:
Ohio ...100 160
8a
CANAL STOCKS.
do
6«l8
2d8
Sds
{^5
Q>i
IfilaLdi
Lafa\ette.,.I
lat. 7s
120
A
Oln. Wash. A
80
Long
Atcb. A Pike's P'lt, ist bs 104
Allan. ACbar. Air Line...
l:;o
2d
Knlckerb'k i
vjItlBena'
Amer.
2d8
"iio'Ci
No, Central— 4 "as, J. A j'
68,1900, A. AO...
120
8s, gold. 1900, J. A J
IDO
68, Series A
110 112Hl
5a, Series B...
,
107
5'
Pittsb.ACon'eilB.- 78JAJ 120 1211,
21
216>9 Union RR.— l8t,gua.JAJ
120
61
Canton endoraed. ..
'
Virginia A Tenn.— 6b ..
60
ll<?>s
.'
»8
JSorrlatown 114
Erte...
A
Charl. Col.
'!6
"6614
Pennsylvania
PhlladelpbUA
'Baltimore
let pref
2d pref
I'^O
Co.... 200
I
ADel.— lst,68,1886
Lehigh Nav.—4'-.s, 1914.
Mort. RR., reg., 1897 ..
Cons., 78, reg., 1911
Pennaylv.— 88,cp., 1910..
RAILROAD BONDS.
1
)
A
101
33
105
106
Atlanta A Charl.- Ist...
Ino
Baltimore A Ohio—4e..'
Cen. Ohio.— 68, lat,M.AS. 106
30 Hi
'
I
,
CANAL BONDS.
Cbea.
Central Ohio— Com
1515
Pref
Weatern Maryland
61
adpieferied
Delaware A Bound Brool 141
Baat Pennsylvania
'45'
JBlolra A WiUlamspurt.
PrefeneJ
U6
Enntlng'l n ji Bioad Toil
.Preferred
"57
fohlgh Valley
MeBQUchunlng Valley
noriiiein Coniial
North Pennsylvania...
100
123
1923
Parkersbnrg Br
"40"
Oauwlesa
115
BALTlinORK.
RAILR'D STOUKo.tPai
Atlanta A Charlotte..^
10
Preferred
Camden A Atlantic
Preferred
104
98
jScbuylk. Nav.— I8t,6a,rg.
2d, 6b, reg.. 1907
20
41
1
« PhlL.asB.pd.
I'itlHi
W.JeraeyAAtl.— l8t,6»,C. Vv'i"
Western Penn.— 68, coup. 105
llOH;
68, P. B..18f6
6a, reg.,
Sterling
Kings
70
CQm Quotations by Gto. H. Pkentiss A Co., Brokers, 49 Wall Sti«et.J
G K« COMPANIKS.
Bid, Ask.!
GAS COMPANIES. Bid. Ask.
Vis
,
"«
.
6s,1806
l8t,7a, 1899
Cona. 68, 1909.....
15U
Northern
Norwich A Worcester.
Ogdeneb. A L, CTiamplaii Hi.
130
Old Colony.
Portland Sac A Portsm. 133'
PortB. Of. Fa la A Con'y
9'
Bntland
„
N .\
tias
Warren A P.— lat, 78. '96
H. 109
110
West Cbeeter— Cona. 7b
W. Jeraev- lat, 68, cp„'96 114
Maoches-t' r
Xexican Central
ilLKUAl) STOCKS.
A Pac— l8t,
Cona. 68, gold, 1901....
Cona. 68, gold, 1908....
Gen., 4s, told, 1923
i-releirid
150
Mechanics*
12.')
133
Union A Tltnsv.- lat, 78.
United N. J.— Con8.68,'94 IVi
Prefpiie<i
J»ult.
Tex.
\'M>
140
118
Exchange... 100
118
Farragut
Firemen'f. 89
(Gorman- Am, 300
U8
116
Pbenix
Rutger's
Standard
l'!0
Maunt'c.&B 120
140
tiermania... 15i)
Empire City
2':0
1011
1'26
i;i5
Home
Jefferson
.
.
Hamilton
Hanover
125
116
40
225
260
110
115
125
103
3:0
160
Globe
Consol., B8, 1905.
K. C. Miniph. >t Hinn ".
Ban. c Kpui.gi.uL iuem,
HtWe Rock A Ft. Smith
X.IU1SV. Kv. A St Louis..
Jt
61
I
Sunb.&Lcwisfn 78.C..'96
byr.Oen.A Com.—lat, 78
5.0
P.-eferred
105H.
Pitts. Cin. ASt.L.— '7s....
B.—78,cp,
Pitts. TitUB.
2d, 68. 1938
"39'
K»n, C. Clin. A Springf c
Ban. City Ft. S. A Oull..
Wo center NasLaAKocb.
PHILADELPHIA.
110
103
175
100
Gnarflian
Howard
Eagle
I
National. ...100
N. Y. Equit.jlBe
N. Y.Flre.. 95
Niagara
l«o
North Rivet 95
Pacific
170
Park
fO
Pet'r Cooper 170
People's
100
l-.O
Continental. 215
220
70
,
A
Shamokin V. A Potts.— 7f
Bnnbury A Erie— l8l, 78.
Snub. Haz. A W.— 1st, in
115
136
lul
33
101
Preferred
loiCA Falls A Sioni City.
Preferred...
1?3
110
IIU
110
10)
45
7,1906
32
Pere Marquette
Snmmit Branc*!
Wi"]'."'."
140 |141
133 Hi
120 ,122
961s
68,op.'87
Phll.AErl6-lst,7a,op.'88 103
Cons., 68, 1920
110 ;, 11) %
113
Cone., 68, 1920
>^
^^ 201
Phlla. Newt. A N.Y.— lei
IBd" lt7
Phil. AR.— l8t,6s,1910.. 122
2Ti Hi
115
2d, 78, coup. A reg.,1893 114
^la
134 135
Cons., 7s, reg., 1911
157
135
Cons., 7a, coup., 1911 .. 134
Coil8.,e8, g.,l.B.C.1911 119
47
loan,
Imp., 68, g., coup., 1897
Gen., 68, g., coup., 1908 1(3
5l03Hi
Gen., 78, coup., 1908
70 Hi
Income, 78, coup., 189P
9111
Scrip, '85-89
Conv.
Adj.
la
84
90
Cona.
58, lat 8er.,c.,1922
62
Cons. 58, 2daer.,c.,193i"
26
Debenture coup., 1893
9H)
Conv.,7n, R. C, 1893..
35H)
18
19
Deferred incomes, cp..
133
101 1,
Phil. Wil. A Bali.-48,lr.ci 101
Preferred
TltrM'tirg, iref
A
Truft Lean
AN. Y. 0.-78,1890.
Perkiomen— 1 at
aio
Conn. A Passumpslc
Dec. Lansing A M o., prel.
£a8iein
rUnt
iH)S.
Pa.
P6
63
'"OODsin Cent, -letaer.
1013,
Hi
American... 160
Amer. Kxcb. 75
Bowery ... 145
Broadway. 180
Brooklyn - 110
110
Citizens' ..
City
120
110
Clinton
Commercial. 35
Cons., 68, reg., 1919....
"bo'
2id series
6»
10)
98
104 >!i Oil Creek— lat, 68, coup..
Petmaylv.- Gen., Hs, reg.
117
Gen., 68, op., 1910
109
Cons., 68, coup., 1905..
I
Inccmce
Pueblo & Art. VH.-7B..
N. Y.Phil.ANor.— lat,
Inc.,68, 1933
I
109
{97
1U6
89,140,600
89,836,200
89,952,B00
90,366.926
"iBOladlng the item " due to other banks."
.
JCLT
..
.
1
.
,
THE CHRONICLE.
30, 1887.]
Neir Tork City Banks.—The following itat«meat shows Um
condition of the Anxociatind Bantu of New York dtr for the
week ending July K.
1887:
Avtrft
Jkmla.
Loan*
anrt
DiJieoufU»*
Orteit.
i4i»«>M«t
TfHl
D«iiT.
«/-
"•"»•
than U.S.
A lUoar.iSd wk Jiilr
DeoT. A R. U. W,
Dot.BayC.AAl).
U«|,L«aa'KANi.
wV
1.1
1
40,407
lojksa
K.TBDD.Va,AOn
KTUIlAIii
V
'
•
•Ifew York
VanhaitAn Co
livr-'luiiitV........
a,2'jo,<>oo
020.000
S.l'rt.UOO
7.l48.0Ufl
1,7I4,<'0U
319,(
7.934.000
McChAMll'S*....
Aniorli-a
Plixnli
ll.t'O.^.BOO
3027.0D0
City
8,1188.400
a.S 16.000
I.HSS.tlOO
Tniilttiinian'i
18,Sll.tl(N)
H,'J14..M)0
B.IHll.OllO
888.10O
7.112,200
502.600
(57,SOO
1.1)14,11(111
45.1,800
Fallon
Cbeliik-nl
McrotiaiitH*
Kxch.
G&llatln National.
Butc)t«rM' A Drov.
lC(H-huiiioi4* A Tra.
Oreeiiwirli
Lo;UIn»r Mntiiif'rii.
2,014,000
1,20
)tf.7PS.00<l
.Commdrce
>tt,99!>,l)U0
2,029.200
Sroadway
ercantile
(.SUM.OOO
7,SH8.10
l,lt'5,^oo
l,8«7.40.«
S,7rf7.00l
334.100
Repabllo
7,631.800
2,010(00
Ctaatliain
4.408..t00
l.»»S,6'
s.ou.ntw
923.900
272.000
270,000
10,601.700
3,18I.:10U
a.9»(3,'ipO
732.100
589,500
2H»,80>
620,700
261,(00
S.78S,40O
3.341.'^VO
UarkiH
2,ttl7.80.
et. Xk-h laa
fihoe A I. o:\ther...
a,016.«0t
Corn KxcliAiiKO
3.902.000
6.4H3.600
4,719.700
...
Couttneutal
Oriental
Impoiters" <ft Trad,
18.47'.!.00O
1S.6-6.70U
4.760.<I0
2,0?J>.300
l.«79.(<00
17.^o^.tlOn
Centlal National.
7.7.-1
Second Nnliui
8,;<B7,OO0
al
1,000
5,0,it,l
Ifluth Niilioual...
First National
00
20,44 6.500
Third National
N. Y.Nat. Eich..
4,!I86,000
1.451.-0(1
2..1i0.100
2.2:19.100
Bowery
K. Y. County
Cennan..-\niorIc'n
Cha.<<e N atiuual
Fltlh Avenue
German Excll*ng6.
3S72.50O
Oermania
United utaieB
2,926,400
3.654,900
X.tncoln
2.37S,8ufl
. .
GaraeM
3,>:8-<
fieabourd
1,963,400
1, 826.8 JO
Sixth National....
^'eatern National.
1.910100
l.539,401<
700
B,6U2,S0O
Total....
862,000
90,006
8,836,20
>
1,.HS3.400
8 1,000
823,900
36t,100
1,131. COO
1,V30,COO
142.800
lnl,2(K)!
200.000
140.1100
6o-'.yoo'
141.000
eiA.bOO
352,100
121,600!
95,400
3M.701
880.II00
00
563,400
463 300
292,400
H4d,:00
1,'<64,
so; COO
299.500
450.100
745,100
8,382,300
3,113,:00
31.211.000
23,777.600
3,26S,nOO
1,118.000
I8.SS6,000
8,x34 000
4,117 000
6.257.800
10,927.000
4 453.^00
1. 262.600
2 3 U. 300
637,300
44,400
1,064,500
44.00il
854,500
4'i',2(»6
45,000
45,000
40,700
45,000
445,000
447',00»
45,000
978,500
45,000
81,000
360.000
48.000
4t!,000
45,0110
433,700
ioi'.edii
324, iOO
2.893.v(M)
2.24 1.1 00
6.261.1' Oo!
180,000
45,000
93,S00
483,700
415,200
79,800
118.100
3,S03,00O'
2.83 l,000i
2.877.000
4.175,100
l44.:;oo
122,6011
2.152,900
44.701)
4 >,0(X)
t.656,.300
134,uOj
2lv,400
365,-00
4.60d,?00
3.89.1,700
a.29.'>.000
2.037,600
42,100
Ul.-'OO
458.000
2260,200
17 3,00 J
3,354,S0J
8,121 400
RAILROAD EARNINGS.
JUUett
KOAIM.
Xaming$
WetkorMo
IteporUd.
1887.
1886.
$
Alleelienv Val.. April
jLtch. T.
*
8.
F June
.
Atlanta&Char..
Atlautic & Pac
.Vfay
163,606 148,391
1,521,376 1,252,754
g-l.filH)
wkJuly
51,22!)
rotoinac -Mav
Buff.N.Y.* ym. bd wkjuly
Boir.Roch.APltt i;id wk.ruly
124,672
.
Bait.
2.1
A
Bar,Ced.R.ANo. 2dwkJulv
Cairo V. A CUlo. 3d wt July
Cal. Southern. .. 3d wkJuly
JCaiucIen
& Atl'c May
OanadJaii Pacltlc 3d
WkJuly
Cp.F'rAYad.Val Tune
Central of (ioo.. iMiiy
Centralof N. J... April
Oentral Iowa... Juno
Central I'acifle iApril
Chartest'n A Sav
Cliesap. A Ohio. i-^'V
line
«
57.30.)
39,929
44,98
17, -'43
29.463
49,744
237,000
17,085
341,696
72.695
31.462
111,665
67,100
28.029
46.455
19,714
13,0i)'
41,706
232,000
14,723
422,844
93,024
97,459
913,617
36.491
35,697
381,416 322.799
Jiiilz.l.«x.All.b. .luno
67,411
87,823
Ohee, O. A 8. W. .June
145,121
122,606
OWc. A Alton... April
654.049 576,634
Chlo. A Atlantic 3ii wkJaly
29,376
43,305
Chic. Burl. A No May
238.403
Clile. Bur. A Q. .May
2.152,072
•Chic A East. 111. 3d WkJuly
40,153
42,989
CMc. MIl.ASt.P i3d wk Ju y 432,0001 4.55,242
Cblc. A N'tliwn June
2,166,218 2,,118,448
Clile.St.L.APitt.s 2 wka July
21.'i,373
17l,74.i
Cliic.St.P.M.AO. June
496,271
550.661
CWo, AW. Mich. |3d WkJuly
21,813
26.136
Cln. Hain.A D.. jlstwkJul)
65,565
70,131
<Jln.rnd.8tf,. AC. 3d wk July
50,200
46.512
CIu.Jack AM^ck 3d wk Jul\
8.116
9,534
Cln. N. O. «T.P. :i<\ wkJiih
53.896
61,892
Ala. Ot.tfoiiih 2d wkJiiIy
16,526
24.940
H.Orl. AN. E. 'Jil wkJiily
8,085
Vlciigl). A Mer. 2d wk Jiiij
5,830
7,028
Vlokg. nh. A p. '2i\ wk July
(1,1^2
5,478
Erlanifi^rSyst. 2d wkJiilv
87,689
10^.107
Clu.Kiiii.,vFt.\V. 3d wkJulv
7,453
7,205
CiD.Waali.AIialt 3d wkju.'v
3P.03S1
32,289
Clev.AkronACol 3d WkJuly
10,544
H,2.S3
Clev. A Clinton. June
3i',14
3,147
Olev.Col.C.A Ind JlMlO
374,418 33.'i,711
Clev, A Jlaricttii 3d WkJuly
4,3,4
4.302
Col. A Cln. .Mill Hd »kjuly
0,422
5,86.S
Col. Hock.V.AT. June
191,078 163,300
Col. A Roiue
3,388
-May
2,951
Diiub'r ANorwk May
18,239
19.501
4,-16
Day fn Ft. W.AC 3d WkJuly
9.8131
.
l,088,li99
'.I
:•
.
t
And
Branciiee,
Jan. 1
<o LttcMt Date.
1837.
S
1880.
•
618.856
545,832
9,071.135
511,646
1,394.502
578,593
1,431.442
1,060,826
1,464,834
6.941,368
478.946
719.221
523,999
1,362,237
702.253
1,358,720
329,779
341.457
182,14,^
161,186
5,452,793 4,838.342
101.874
123,469
2,343,169: 2,296,759
3,405,411] 3,023,294
598,416
617.216
3,724.363 3,346,313
217.100
227,820
2,055,725 1,819.818
3rt2,223
811.396
477,820
393,475
730,207
826,475
2,626.722
1,138,908
1,067,648
11,135,274
9,374,827
l,066.290i
89,1,022
2,289.259
793,785
12,489,000 12,003.357
11,799,837 10,779,399
2,8-3,25-; 2,338,323
2,99.5,231;
2,6'IO,897
739,630
1,597.308;
1,420,38'
721,6=3
1,369,172
1,348,968
227,916
20.5,86.1
1,687.308 1,381,883
578.0.->9
763.721:
313.,5,-.6
334.2691
254,444
2.50.315
207,960
3,290,690 2.731,774
192.727
209,5771
2,30,947]
1,104.486] 1,008.327
280,109
29S.857'
160,iM)6
172,503
2,039,420 1,819,228
163.06 >
16i.92l
150.730
1,237.541
28.321
980,680
85,600
.Inly
kJuly
KJuly
kJuly
nn,R, ASi
Or. Kan. A liid..
Onnd Trunk
.
«k July
id
WkJuiy 16
.
On. Bay W. A St, P Mav. ...
OnlfCol. AH. Ke .rmie
Mi)ua.ATex.(;enl 2d wkjuljr
97,00
4.179
18.340
A0,ft97
10.817
91.805
4U.I7S
360.016
83,777
178.220
842,801)'
FallaAB.C^ ,liine
Tot. lowallne* June
40.783
11,130
Total all line*. June
Ind. Blouui.A W. 3d wk JulV
Ind. I>oo.
T,
AHpr June
K, W May
A
CO.Ft.8.*Oulf,
C*D. C. 8p. A M.
Kan, C.cl. AMp.
Keokuk A Went
KlUK'tnn APeni
773.17l»
5.497.113
1,281,084
wkJuly
3d wkJuly
aUtkeE.AWent. 3d wkjujr
3,281
37,848.
8.
A
Mloh.So.'June
June
3d wkJuly
I-ounia'aAMo.R.
Lonls.Kv.Aat.L.
Loolav.A NaahT.
Lou.N.Al.ACldo.
LoulST.N.O. AT,
3(1 vTk July
.3d wkjiilr
3il
Iiiiie
Manhattan
Juno
Mar. Col.
El...
A No
Aiirll
.
WkJuly
Id
Mlcli.(;,ACan.8.)tJuno
Mil.L.8h.AWest.!.3d wkJuly
A
191,751
i.o{a,8<(6
14,658
07,660
48.T70
20.200
0O,.5et
41. '25
289,.i70
46,»51
108,229
«,5»'
wk .Inly
MeniphlH ACkan, 2d wkJiily
'.Mexican Cent'l. td wk July
•Mex.N. (N. U;v)lJuue .....
do
(So.DIv) 2d WkJuly
do
all linneljune
Milwaukee
744.il 9
111.271
'aiioBi
674,.'V24
lune
Mar.Houeb.AU,
1.2-1.5.B71
......
I»nK (aland
I>ehlghAI{iidM>n
177.794
loo.asi
43.632
33.224
3,480
5,477]
r,
3M4V1
128.741,
971.547
63.e»2
30,018
wk July
'd
80.479
4I3.74A
20.5431
2d wk'Jnlf
2d wk July
2d
1.145.:
4,733.1
87.828|
la.
jMk.
nii.f
50.423,
June
Cedar F.AMIn. June
Dub.ASlntixO. June
U1.0ent.(Ill.AHi>)
I.0I1.,
37.399
29.349
93,370
38.750
14.726
130,>,3
74.6.52
19.577
3a0.l80
30,340
101,678
644,530
183.103
427,617
S.MS.6BI
7.1S1,«28
1,158,8"0
917,401
8)4.540
731.476
3,723.069
4,0.55,727
32.479
495.384
815.2-2
3.,53i>
56,.588
wkJuly
1,917.2.50
l«0.03«l
519.4<»7
29,'(87
23.4-0
64,858
49,288
21.482
139,252
6,033,883
101.870
8,603,597
I20,K3q
1,146.707
469.38ft
041.818
2.'>8«.483
2.50.384
673,97(1
2.033.849
292,073
527.898
840.8 13
5.436.000
1.100.377
849.120
6,361,00^
1,950.931
493,062
615.511
552.935
15.153
3-26.342
12.129
118,677 121.304
968.983
17,190
7.809
104.858
Miss. ATeiin. .. Jane
20,5,4-.9
24.609
22.94)
180.391
Mobile A Ohio. June ......
165,442 14 4, .505 1.118,916
970.920
Maab.Cb.A8t. I,. June
241.0
178,139 1.451,280 1,080.803
N.Y.Cen.AH.R.. June ..
2,847.614 2,66.1,2 »5 16.729.725 14.012.813
N. Y. Oltjr ANo. WkJuly 16
11.297
29%2j9
277.434
10.458
CN.Y. L. K. A
luno
1.733,470 1, .536,808 9.512,138 8.524.783
N.Y.Peun.A O. .Iimc
489,857 515,731 2.^44.361 ?. 943.038
N.Y.ASewEag May.
313,610 303,313 1,626.745 1^7S.M7
NY.Ont.* W... 3d wk July
764.3O0
34.0)5
6 •9^5
31,333
N.Y'. Bus. A W.. June
616.699
106,283
503,787
84.057
N irfolk A West, 3d wk July 76.04f 63.505 2,108.648 1.629,9:6
N'theastrn(^.0,l May.
247.873
37,313
38.761
398.900
Northern Cent'l. 'June
554.40
432.537 3.081.593 3.582.401
Northern PaoUlC]3il wkJuly 274.977 254.231 6,176,891 9,690,063
ObloAMlsa
2 wk.sjuly
157.390 163..505
Ohio BoTithom..ijuiic ..
269,498
2ae.981
36.708
33,690
Ortgoii Imp. Co. .May. ..
907.739
305,7.i3
204,063 1.466.391
OreK. KAN. CclJuuc ..
423,7.50! 481,735 2.259,928 2,331,313
Pennsylvania... 'Juno
4.911.858 4,33ii,li'l|26.370,721;23,2.V),164
Peoria Dec.AEv. 3d wkJuly
1.5,117
16,383
383.59i
45i,384l
Phila. AKrie
June
397,583 332.382 1,861,4011 1,687.710
tPhlla. & Rcairg June ....
1,775,912 1,684,957 10,154,498 8.726,345
Coal A Iron Co .Tune ....
1,60 .,763 1,311.840 7.646.046' 6,433.069
Pitts. A Wcsfrn June ....
908,195
078.101
140.347
150,384
152,106
141.854
F'rtRoyaKtiAuK. May
17..33!)
22,755
PrtitoyalAW.tJ. .May
12,831:
13.)83
Riobm'd ADanv, Juno . ..
301.000 269,934 1.97i","i93 l,889'.20i
692.3ii«
7a.Midrd Dlv. June ....
742.318,
125.000 121.908
43.-200
371.1871
376,803
Char.Col.AAu.'June
41.499
246,056
306,629
Col.AQr.Dlv.. June ....
24.052
26,500
340.143
320.510
West.No.C.Dlv Juno
51.40<)
44.028
43.600
Wasb.O. AW..iJune
49.600,
8.300
8.800
12.930
22.200
Ashv. A 9par.. Jone .....
1,800
4,500
94.3«9'
87,945
Rlob.APeUTSli|{, May.
Rome W. A 0>:.]May
234!638 21" 2,658, I.IIO.9OO1 l.014.7o3
598.422
603.86S
St Jo, AOd. I«l 3d WkJuly
VO,497l
17, loo
715.736
6S9J>03
23.675
St.L AltoiiAT.lI. 3d wkJuly
26.342
370.118
467.905
Branches
14,750
3d wk July
16.830
833.394
St. L. Ark.ATex. 3d wk July
34.340 1.134.918'
53,563
8i.l..A8an.Fran. .3d wkJuly
11.5.636
8 1,750 3,005.395 3.310.683
St.L. Van. A T.IIlst wkJuly
64.5001
64,914
678318
32.100
781.040
SLPaulADuluth 3il WkJuly
35.654
ScP.MIn. A.Man. June
613,080 479.' 94 3,454.109 2,947.518
2901521
346.690
Selotu Valley... IMay.
46.731
58.733
800,931
ae3.e3c
ShenandoaliVal. Juno
60,0
73.00O
921,010
93-J.t54
South Caroliua. . Juno
62,418
61,618
Nt.'Hd
Minncaii.A.st.L. .M>iy,
""
Minn. ANo. West. •Jd wkJuly
.
48,000
197.30.1
358,249,800 77.03r>,7M 22,551.500 364,351.500
nintAP
"ilooti
3,335.900
•
I
ISl 000
161.600
300
1,107 000, 14,572.(101
980,9II> ll,l47,]00
241.200
5.234,800
462.800'
7,6^4.300
157,8001
2.790,100
301,000
8.470.100
356.700
«.762,300
132,7001
a.S27,100
898,300
S.3S2,050
e3S.«<>0 18.183.900
I7i,;)00
3.240.000
148,200
3.104,200
413.500
3.090.400
1 13.70
3.655.501}
102.700
1.897,400
241.000
3,122,000
4,118,600
h74,S00i
1.57H.0O0
772.0001
860 OOO'
1.013,20
2:7.300,
4,214.700 1,131,800
203,«00l
1,017 600
1,361.700
1.
u
kjiilr
.V
Kt.W.AIi.
8,80<l.800
>
5.2t)7,700
l.SSM.HOC
88.9001
156 600
863,300
326.(00
146.200
266.900
6,577,400
3,680.400
Flftk National
B'k of the Motrop.
We8t8id8
681.001
745 500
722,500
147,;- 00
4,HJ»,' 00
•i.977,eOO
Park
Horth Illver
£a«t River
Fourth National
3.H14,H(V)
1 ,H7,1,000
163 8001
a.«6n.ij(io
,,.,.,
3,53i,|)l>0
13-<,U).l
fi75,SO0
KBA.4AI1
20,947.<0O
•
56.t,'100
266.700
,
52.-i,100
311". iOO
2110. 00
BTUMT.
Oeoriclal'..
l,H6.H0n
6S.H00
24H.0OO
00
Irviug
48,000
lOl.UOO
I. :<««.!
fiaiiovor. .........
7.917.000
»,7<l,U00
10,060,000
8,812,000
11,070.400
2,1MB,500
121),000
3.7H;.5O0
CfltireiiH'
84.04)0
871.000
190.100
93,7(0
48,000
l,l«l,:l»0
s.aj.i.Mio
State or N. Y
Aojertc'n Kxcb'ge.
PeoiU»8*
Korth America...
830.1 00,
tia.700,
II, 400,000
9()%8.(K)0
l.B .11.000
Seventh Want
Pacttio
00
Hia.4gj|
1.695.000
l.tO.'.OOO
lJ*33,7r
430.UI
«.7«4,3l
36 3,6 110
,
i
10.000
1 1.0
Jiiir
:
1.53,959
25.701
80,388
W
Co.—
UaLUar.AS.A. Mav..
Louis'a West. May.
Morgan's IjA'I May.
N. Y: T. A Mex. May,
I'ex, A N. On. May.
Atlan'o sysl'in May..
Paoitic system May.
So. Piiiirte
101.471
46.551
316,158
291.799
33'2.148
280.'24.^
1,616.906
70.742
1,706,358
4S0.0t!li
370.863
.
Total
Hay.
Staten l,.<.Rap.Ti Juiie
Texas A PaailloJiine
Union
May.
M4y.
Wab. Western ..3d wkJuly
Paoltle...
Valley of Oblo..
May
May
A Aug. May
K. or .Miss.
:We»t Jerser
WIL Col.
WheeUng AUI;:.
wkJuly
WiaoousinUeut'l 3d wkJuly
W.
Sd
wkJuly
8t.C.A
Mln.
vria A
* Minn..
Minn jHilwkJlilv
l3d WkJuly
Wto.
3.1
11.430
23,215
63,004
117.436
592.71H
914.167
2,227,147 2,146.3.
,141.314 2,789,22
8-^449
lo2,l48
360,478 396,876
10,108
6.687
16,226
16,827
31,908
34.013
2,188.277 2,151.162
50,937
59,721
139.694 100.074
948,669 921.447
114.346 104.327
45,638
47.6) »4
13.142
13.011
23.071
33.7.-4
3.7 9
8,605
ft'A493
i>8
:.»
17
,
.
Tol.A.A.AN.M'h 3d WkJuly
ToLAObtoCeut. 3d wkJuly
ToL P. A West.. 2 wk» July
Wab.
1.031,873
368,087
73.J81
1,843.270
.
.
15,.53I
2.044*
n
.'»
2..,
..5
3:16,106
92,, 071
450.581
10.519.064
299.094
433.293
2.491.881
9.196.B99
119.469
3.893,713
3.472.70S
460.803
430,88»
3304.782
9«>4Ji07
384 019
1.080.821
358.706
477. Wrtl
-Mexloan cnireocy.
Inclu.ting Brancliea.
CW«.
a lacludiiiK slace Kel>. Ist la both years the Ino- P"*"
In eltber year.
New
Jer,wy
luuludlug
Ceulrml
ot
t Not
OUa
e Not Including oarnlugi of New York PennayiTaBi*
t
*
•
800.809
132.693
93.t23
—
—
—
-
9
TBE CHRONICLR
142
.
[Vol.
XLV.
months, obtained for publication In the Chbonicle, were as
Iwtrjestmjent
follows
:
June
.
Net earnings
Interest, taxes, etc
of
The lnvESTOBS' Supplement contains a complete exhibit
the SCooks and
the Funded Debt of States and Cities and of
Sends of Railroads and other Companies. It is publtshed
on the last Saturday of every other month—^iz., January,
March, May, July, September and November, and is furnished without extra charge to all regular subscribers of the
Chbonicle, Extra copies are sold to subscribers of the
Cheonicle at 50 cents each, and to others ac |1 per copy.
1,200.B37
|9o_,923
4,7|8_,793
4.1«0,3|;2
335.741
2,039.4.0
1,8,9,22.
Gross! 1,059 507
374.4|8
44.;.21
3..135
C«.adlanPacmc
Clev.Coi.C.&Ind...Gross-.
$93,460
12.592
$C6.204
17.112
$303,2
•4O2.091
$lf.2.S48
$70,868
$49,092
1
def.
104,541
$98,872
$58,305
new
Cliesapeake & Ohio.— Regarding the extension of the "B"
bonds of Ches. & Ohio 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 ca><h. oa
>
1^
,
$576,960
414,114
item includes $351,956 spent for new oars, $33,350 for
engines and $16,885 for purchase of real estate.
Ballroad Net Earnings.— The following table shows the
2||5|0
30.
1886.
'Tills
published.
latest reports of net earnings not heretofore
Ja». 1 to Jmie 30.-~
Jane.
1886.
1887.
1886.
1887.
BS."N'.V'.««....Gross. 228^70
June
$715,897
412, t78
Additions to property
GENERAL INVESTMENT NEWS.
,
to
$335,741 $2,039,420 $1,819,228
1.323,523
1,242,268
199,865
$152,389 $135,876
69,672
68,929
Balance
Balance
Jan. 1
1887.
.
.
1886.
1887.
$374,448
222,059
Gross earnings
Operating expenses
surrender of deferrtd interest scrip series D, issued Nov.,
1886, and 1 per cent in ctsh on surrender o( deferred interest
scrip, series E, issued May 1, 1887, thus brineing up the interest paid in cash to 4 per cent from May 1, 1886.
Dulntli South Shore & Atlantic.- The following directors
were elected at the annual meeting of the Duluth South
Gross. 351.285 274,761 2,318,693 1,843,2H6 Sbore & Atlantic Railway: James McMillan and Hugh McMilMexican Cenhal
586,790 lan, Detroit; Samuel Thomaa, Irvin S. Price, New York; C.
78.712 1,048,614
12ti,i-24
Ket
11,446,305 10.457.049
M Y L E. & W ...Gross. 2,066,573 1,8»7,505
Cummings, Chicago; A. D. Juillard and George I. Seney,
Set .. 602,275 554,5:7 3,251,346 2,80i,42(i R.
588.390 New York. Directors were also elected for the Marquette
663,142
Gross. 130,759 122,286
M.Y.Ont.
"
30,800 Western Railway Company and the Marquette Houghton &
66,.598
19,892
21,776
Net...
KorfolkA Western. ..Gross. 334.2ro 228,127 1,879 7S4 1,44!>,38;> Ontonagon Railway Company, lines under lease to the Duluth
5«6.09(;
729,680
85.404
Net... 123,272
la each case the board chosen was
Gross. 554,404 432,537 3,081,593 2,582,4(11 South Shore & Atlantic.
Korthern Central
^9^',a80 substantially the same as that of the Duluth South Shore.
95,469 1254.836
Net... 209,519
23.250,164
26.,370,721
Gioss 4,911,858 4,336,101
Pennsylyanla
''
Kitrnan says "The Michigan Central is spending $1,000,Net.. .1,561,459 1,351.133 8.784,383 7,669,«24
397.583 3a2,382 1,864.401 1.667.710 000 upon terminal facilities at Mackinaw, in order to complete
PhlladelpUa&Erie-.Grofs.
"
766,111
709,691 connection with Duluth & South Shore. Michigan Central &
139,763
Net... 184.364
Gross. 1,775,912 1,684.957 10,154,498 8,728.345 Noithern Pacific companies entered into traffic arrangements
FUla. & Beading
Ket... 927.499 734,090 5,186,980 3,279,936
with the Duluth South Shore & Atlantic, which is nearly
Grcss. 1,605,762 1,311,840 7,646,046 6,43:<,069
F„rtWo,tl.4D.n.O.Gros^:
17O..«0
290,230
.
&W
—
Coal
&
Iron Co....
85,233 "233,594
Net...
,
285,142
:
completed."
*1, 121,781
—
Fort Worth & Denver City. The gross and net earnings
June and from Nov. 1 to June 30 are as follows
Deficit.
-April.1887.
1886.
-Jan. 1 to Apr. 30.
1886.
1887.
for
June.
.
Chic. Mil.
&
St.
Panl.GrosB. 1,979,6611,': 63,^96 7,207,554
553,265 2,401,611
Net... 646,426
6,80^,585
2,235,285
& Santa Fe.— Dispatches from
Boston on
Atchison Topeba
1887.
Friday stated that circular No. 60 would be ispued Saturday,
giving Atchiscn stockholders the light to fcubEcribe for 15
per cent of pn sent holdings in new 7 per cent stock at par,
yieldirg the cimpany |10,000,C00 cash, jiajatle in four 25 per
cent instalments this year. Next dividend payable November
15 to be i^ per cent. 17,000,000 to be txpendid for new
equipment at once.
The number of locomotives to be
inert atcd
from 300 to
600.
& West Point.— For
the fiscal year ending June 30
the gross earnings were $394,640; the expenses, $234,053; net
earnings, $160,586. The directors elected Col. C. H, Phinizy
Pitsident; Cecil G. Abbett, Local Manager; H. M. Abbett, Secretary and Treasurer.
Atlanta
—
.
1887.
earnings
<>peraUng expenses
Net earnings
Central of Iowa.
1886.
18^6-7.
1885-6.
$228,170 $226,560 $1,696,403 $1,856,847
173,003 181,028 l,t69,228 1,483.462
$55,167
—The
$45,532
2i7,175
New York committee
$373,385
on Central
Iowa
ieorgasizati( n have three quarters of the junior securitiee,and $1,500,000 cut of the total of $3,700,000 first mortgage
bonds. President Sticbney says tljat the fcrmer reorganization was on too high a labia. It must now be put on a sure
footing.
Central Paciflc.—The London Economist of July
"IheLoLdon
16,
says
Gross earnings
Operating expenses
$44,221
32,4.^6
$30,135
21.459
Net earnings
$11,765
$?,b76
:
1 to
June 30.
—
1886-7.
1885-6.
$388,956
228,862
$247,241
162,702
$160,094
$81,539
Illinois Cent ral.— The Chicago ri??»es remarks that "a construction company has been formed, oiHcered by officials of the
Illinois Central Company, and organized for the purpose of
building branch lines outside of Illinois. The company has
already got down to the work in hand, and has already let the
contracts for a branch from Cherokee to Onawa, Iowa, a distance of sixty miles. The road runs along the Little Sioux
River and through a fine farming country. The offii ials do
not deny that it is the intention to push it across the Missouri
River, at or near Decator, into Nebraska, and to a connection
with the Union Pacific. Contracts will also be let next week
for the construction of a line from Cherokee forty miles east
of Sioux City, Iowa— to Sioux Falls, Dakota. There is also
seme talk that a line will be run from some point down
through western Iowa to Council Bluffs, but this is improbable ard has been confounded with the first-named branch,
which is headed in that direction. The acquisition of the Iowa
leased lines has started the Illinois Central off on a lively campaign, and when all of its plans are perfected and carried out,
its Iowa system will be not only profitable in itself, but a
sour ce of big revenue to the Illinois and Chicago outlet."
—
Buffalo New York & Philadelphia.— The gross and net
earnings for June, and from Oct. 1 to June 30, were as follows:
N
—June.
.— Oc<. 1 lo June 30.
enwe
—^oc.
.
.
1886.
:
fhaieliolders' committee and otlieieintt rested In tlieecmci nfereuce yesteiday with Mr. C. P. Hiintiiixton, tlie VicePret Ideutottlie rail way, now mlyonrion, and the followiigpiiitidilars are
given for the infoimation of the English thai eholdeis: The committee
urged iip<n Mr. Ilunt/iigton's attentli n the discontent caused in this
oountiy by the very me, gre iuformaiiun at the command of ihe shaieIioldei's as to the curn-ui operalions of the tallway and Its
financial
position. Mr. Huniii'gtonadmiind.tliat there was ground for colli plaint
(.xpresstd iiimself vi ry willing to n ctify it upon his return t» New
York. Heslattd thiit theie was nothing new to Intei fere with the dis
Olhuilon of the gnaiautee for the current year to ilie shaieholdcrs, aud
pBt_he would ie<ommind its dlslribuiion semi-annu:;!!} Mr. Huntington further stated that although wars of rates had existed lietween
the
Uansiontineutal lines, harmonious rtlations were rcestalihehed at the
Degiunitigif last Ajiril, and that rates were tow satisfacti ry,
and
he
believed W(uld continue to I o so. The Central
Railway was
aomg a satli-faciory liusintss, and he expressed PaclHc
contlilence that the
Miauholdtrs would receive a dividend of 2 percent or more from
the
operations of thisyear Mr. Hunilngi on also pr.mised that tor the
future
monthly net re>ei.ue etaieuunt- should be regularly publishid
He
tl^e Southern Paciflc guarantee exteudei to the lulditk
nal
2if?,f.!!'JSr "V*
recently Istued to the Oregon & California share^^
"
Soiders
tany Leld a
™d
.
lhicrgo& Eastern Illinois.—The
gross earnings for the
year ending June 30, were $1,932,000; dividend balance
|218,0u«; divioend ptid. $165,0C:0; surplus, $53,000.
fiscal
Cleveland Columbus Cincinnati & Indianapolis.— The
.««nung8, expenses, &c., of this road for June and for
six
—
Iron Railway. The Iron Railway Company issues amortgage for $600,000, running thirty years at 4 per cent, naming
A
report says
the International Trust Company as trustee.
that the probability is that the stockholders will get the bonds
and the road become merged in the Dayton Fort Wayne
Chicago a nd Cincinnati Hamilton
Dayton syttem.
&
&
Kansas' Pacific— The'Trustees of~ Kansas Paciflc consolidated mortgage give 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 orderert the amount
listed reduced from $14,855,000 to $13,955,000.— .fi'it;-Ma?i.
—
iiOng Island. The gross earnings for the first nine months
of the fiscal year (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 EvansTiile & St. Lonls.— President William T.
Hart of the Louisville Evansville & St. Louis road invites proposals till Aug. 4, 1887, for $300,000 (total issue) of the first
mortgage 6 per cent 40-year gold bonds of the Huntinburg
Tell City & Canm Hon Railroad Company of Indiana, running
from Canmlton, Ind., through Tn^y and Tell City to Lincoln,
&
Sc. Louis
34 niilfs, to connect with the Louisville Evansville
Railroad Company, and to btar the guarantee of ihat company
both for principal and interest.
Marquette Honghtoii & Ontonogon. This road now belongs
Ailautic, and for the fiscal year
to the Duluth S. uih Snore
ending Feb, 28, 1887, the earnings were as below stated:
&
—
—
JULY
80,
.
THE (?HRONICLR
18W.]
lH8tl-7.
IRHBO.
IntTfittt
•|''M22
311,7R3
•31,735
»10;.1MI7
I7-i.O08
189,503
3'"8l
.P.OBl
18,891
I06.4S8
So.nso
OS.IHn
3,07.1
70(1
7,«07
13,076
n,Vl6
EipeniiM
tOO't.SaS
6»e,.'14
9834.144
4i8,»fifl
Sievioi
HS.Sia
_Net
$442,824
$300,146
"$83,678
Tn.n frriclit....
•iKl't
''
'
I
•
!,
MjilU..
MlMellaiieoui
ToUl oarnlDgt
143
KAiuKuo oa
8~"«»"'"'«»
183
•1.77»,«il$l,M4'5ll« $n'.7»?.3J0 •!0,i?Jlfl»
Netaamlnga
$»37.4M $784X)K0 •$.$M.r7t
OOAL * IRON CO,
"".In*.
$l!fl.?n>fl3
g««
Onminn e.prniws
""bio
Fixed rharnes for the year were $826,165, leaving a balance,
after adding; other income, of |133,448. The surplus above a
6J.2 per cent dividend on the preferred Block wng fKW.OTr),
whicn 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, rendered necessary on the property being taken by the leMces.
The annual report states that the compiiny ban b»en leased in
perpetuity from Ftb. 28, 1887, to the Duluth South Hhore &
Atlantic Company on a guarantee of 6 per cent per annum,
payable semi-annually, on Aug. 15 and ¥^b. 15, on |l8,278,456
new preferred stuck, the lease also providing that the furplus
net earnings above such guarantee shall be distributed among
the hobfers of the coiumon stock.
Niishna & Lowell.— In Boston it is reported that the lease
of the Nashua
Lowell road to the Boston
Lowell baa been
an-end.?d 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
180,000 a year.
&
&
&
&
New York Lake Erie & Western.—The gross and net earnings for Jure and from Oct. 1 to June 80, were as follows,
including 68 p. c. of the earnings of the N. Y. Penn. & O.,
the other 83 p. c. being paid as rtntal:
June.
Oel. 1 to June 30.
.
.
1987.
.
.
1886.
1886-7.
Oroasoarnlnes
$2.068,^73 $I.8«7,505
Operating OTpenses 1,4«4,298 1.332,928
$17,714,825
1?,49I,311
1885-6.
$I6,a2.'»,l
10
ll,rt20,94G
»« SMTilnr*.
«le.— The
$85,288
...
Phll«.lelphlft
<I»f .tW8.»74
The tmniU
"
~liin.*ii tUtiuiWJM
* Reidliig-Piekerlnr
ia
in
•
ValleT-CoIebr».fc
Iteading's propoaition to the bnndholdert of
Pickermg Valby Railroad CompMiy
roart
-fmtl •
i^ljn Z
$1
*..!.mV7-1
l.B4a .4U
gJ-j.-viOTJ
l,5;0. 3i)
"Dfcronge.
ft^lo.?! 1
lb»
• foilowit
KuhAtuoe
of the flrtt
rnmiMinj.
«
<lun
mort«a«* loan of thn I'lrktirias Vallor RaU
1600, to reorlve 4ii p r o«nt In new 4 pw emt
A. ami 30 p«t i'»nl In iIiImI prrfnrtir r« la-
mn
lii>n<l«. «irli-a
of Mm flilUili Ijihia .t ({indink' Riinrn*^
Inlfrot will 111. oalcnlalwl t<i Ort. I. ami ck hnnxea will b*
niiiile iit that date.
The Ixuida
bo dcponKnl liy M«p(
with tb»
Pennai'lvania (-nmnany for Innuranre. The nonirany will rrnxlTn than
after AuE. 8. Thelioldorof each $l,OfO bon<l of ih.- Pi.w.rinu' Vallcr
Connpnny. wITh ri.uiiiiim frriin nnd Inilndlnit ti at i.f
-I win
rrcelvencw PKMuiltlciiof the PlillailBlphla A Rradir
Nsir
^'" I'liKln.
Bcrlea
I),
•'
mux
.•,
'
ffcni-ral
niortiiavi^ Ihii.Ih
mortitago b<indii (K.
(h.iI.^
A),
$«WH:
ihlril
i
.-•-.-
Thin plan latpproveU
mlltcoreproentli
l.y
,
luoonM
oom—
iha
The ReadliiKii i.
,.
bondboldrm of the Cotobraokflals
Railroad Oimpauy in mbatam c 1 : The bond of ib« Bi»t mortxac*
lo4n of 1868-98 of $300,000, prlneltMl and lnter..t .f whirharenMT
anteed by the Raadlnir, t<j reeelvn 80 p»r ernt nf th.- i..iniip«| aMI aa.
ciued Intrrrst, aa follow*: flixly p«r cent In rn«
ruauce 4 per
oent bonda (seDci A) and 20 prr srni In third
neone aortoane bonds (>erlM Dl of the Reading; thn b<>n.>
r«t mortea«»
loanaof l««l'-98,of $135,0C0, lutercat only <.f wh;. 1, „ <ii,»r.i,terd tv
tbeRcadliii;, t<>iec(.|Te70perc«ntor lh« i.iln.lpal i>nd acirurd Intereat, aa fi>llo«(i .-Sft per cent In new Krnrral nii.r' Knife 4 per ivnt bond*
(»erlr»A) rnd ;0 m^r cf nt In third piefcrrnrc Incume monganboadft
(wrlea D) of tho Readlntc. Intereat to Iki calculated to Di?-. 1, 1887.
The lH>nda to be dppoKlied between Auft. 8 and Sept. 5 wlih the P«onvivaria Ompany for Inauranoe. The bolder of ea>'h $l,0oo bond of
Uie Colpbroekilnle Ck>nipaDy, with coupons from and InrlmUoir thai of
June, 188^, will rec<lvo new aecurltiea of the rblladelpbiaA Readtac
Batlroad Company, aa foUowa: Loan 1868 98, princiial and IntercS
traarantcrd aerlra A, $708: aeries D, $j36; freight bonda. aerie* A.
$849 ; pcrlca D, $23o. Tbia plan la also approved by the oommltlM of
,
:
bondhoUIefH.
Net
$584,577
$662,275
eainlD»(8
$5,223,514
$4,602,164
Ontario & Western.—The grces and net earnings for June and from Oct. 1 to June SOhave been obtained
for the Chronicle as follows
New York
:
June
.
1887.
$13u,759
OrosseamlDini
Op. exp. and taxes. 108,983
Net eamlnes
Oel. 1 to
.
,
June
30.
—
1886.
1886-7.
$122,286
102,394
$990,251
887,149
$1,069,963
965,248
$19,892
$103,102
$104,715
$21,776
1885-6.
New York Pennsylvania & Ohio— Slienan^o & Newcastle.
—The incompli 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
from Newcastle to West Middlei-ex, and have it connect at
that place with the Sharon Railroad, opening a new competitive lire through the length of the Shenango Valley,
coupons maturing August 1 from the second mortgage 4<^ jer cent bonds
will be paid on and after that date.
—
Oregon & Washington Territory. A new road, called the
& Washington Ter. is now being built from Wallula
Oregon
Junction. Orfgon, 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
the Saake River. The Northern Pacific, which has a branch to
Wallula, is understood to have some interest in the scheme,
though as y(t no arrangements have been made for a lease.
A traiBo arrangement is said to have been agreed upon,
—
Pennsylvania Railroad. The gross and net earnings for
June and for six montho, 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
the second table.
.
January
aroti
1887.
$3,851,771
3.989.783
4.410,433
Fi-bruary
March
April
4,34 '.834
May
4,805,040
4,911.858
.lune
TotalOmoa..
PnTSBDRO AMD
Earmngi.
1886.
$3,421,536
3.549,475
3,901,855
3.8«?,«17
4,178.580
J,336,10l
$26,370,724 $23,250,164
.
BRIB.
Net Eaming$.
18F6.
1887.
$1,214,3.M
$951,541
1,380,157
1.267,^04
l,43.'i,941
1,305,780
.
1.3.50,8X3
],rt41,592
1.1)20.464
1,561,459
1,472,702
1.351,133
$8,784,333
$7,669,624
LINKS WEST OP prrrsBnao M erib.
Net ntrplut or <lilicil after payment of eharge».
1887.
1886.
/>>ir. Inl887
$;J.^6,048
January
Gain.
Sur. $222,361
Def. $133, «87
Il'',ti30
iVbniary
.'>5,102
Gain.
8ur.
63,528
"ef.
March
Gain.
229,816
Sur. 2.50,135
Bur.
20,319
April
4-,985
87,.'.76
Gain.
Sur.
H8,591
Bur.
64,8-.")
May
Gain,
222,017
Def. 15!>,032
Vet.
June
107,043
Gain.
Def.
55.084
Def.
162,127
TotalOmng..
..
Sur. $410,484
Def. $514,923
J^an of 1872
Loanofl882
Loano{1895
Improvement loan
$1.688;397
$t!^J^03
3,98,1.903
I,2rO,flOO
8,414.593
and car loans
284,000
187.fiO<^
1,378.2,>0
1.148.100
2.912,7S»
llnat
Preferred etook
Common stock
Oaln.
$925,407
Philadelphia & Reading.—The gross and net earnings for
June, and trom Dec. 1 to June 30, have been as below given.
The net eMrnings of both companies aggregated |1, 012,732 in
Jfine 1887, against |;.')00,516 in June 1886; f<ir the seven months,
net in 1886-7 were |6, 118,764, against |2,818,361 in 1885-6.
Sai.OOO
3,288,050
684.012
Totals
533.650
$13,459,512
$10,329,19 «.
StrSQtTEUAHVA CAHAL COMPANY.
,
_^
^
DaoMedL
luued.
$<27,50O
97,810
1,826.000
.
l8tmortga«re preferred
mortKagc priority
Sd mdrtgaKe 6 i>er cent...
4th mortgage 7 percent
Ist
New York Snsqnehanna & Western.-The
LINES BAST OF
^ich^Jikill Narigation— Philadelphia & Reading—The
following statement shows the amount of the depoeiu madeup to a recent date by security holders of the Schuylkill Navigation Company and the SuFquehanna Canal Company nnder
the plan of adjastment proposed by the Reading Roconatmotion Trustees, and also the total amount of each security i«ii^ttHii
SCBDYLKIU. fAVTOATIOH COMPANY.
Stock
Totals
$184,000
3338S.
2.^0,000
851,013
IfifiOO
8,000.950
1,117.800
$3,902,260
$2,3T8,14S
In addition to the above the holders of about $200,000 more
of the Schuylkill Navigation securities have given notic« of
their intention to deposit.
Shenandoah Yalley.— On August 81 the stockholders of tho
Norfolk & Western will meet to ratify the lease of this road,
and within three days afterward the 17}{ per oent caab for
overdue interest will be deposited for payment to tbe finfe
mortgage bondholders.
South Penn ST Irani a.—The Philadelphia North AmeHcan
makes the following comment on the South Pennsyivsni*
"A
matter:
movement has recently been started to aecnra
subscriptions to what is generally understoo<l to be • ftiod
for the completion of the South Pennsylvania Railroad. Moat
of the original tubscribers have attached their signatare* to
the paper that has been circulated, and the Pinnsylvani*
Railroad is somewhat annoyed over the turn that the matter
appears to have taken. Tl^ere is probably no intentioo on
the part of any cocsiderable number of the aubecribeiB to
complete the South Pennsylvania. It is explained that the
agreement simply relieves the stock and bondholders of tur*
ther subscriptions to the enterprise, they to receive stocks and
bonds for the money already paid in, which is at out 40 per
cent of the total amount originally contemplated.
Kvery
subscriber to the agreement releases all others from further
liability in the Bhape
f payment or future instalments, at
the same time obligating tiimself to oiTer the securities whicb
he receivts in lieu of payments already made, first Y> the reor>
ganized company, if it is disposed to (x>mplete the ^ine."
St. Paul & Dalatll.— liespecting the propoe-d sale of the
St. Paul
Duluth Rtilroad Company's Ian la. it is stated thai
preUminary steps looking to such a result have already bsen
"" '<•• disponed
taken. Icisestimatedthat tberemaininx In:
l> to retire
of to a ayndicite of capitalists forasuml^i
give the
Iheeompany's preferred stock at par.
ownership df the road to the common stock, of which there i*
$4.000,0tU cutstandirg, and which, n lib the piopoeed Qc«
<
&
>
ifsne, will
amount
|6,U(IO,000.
1
1
,
THE CHRONICLE.
144
LVOL.
XLV.
stock, equipment, lands and buildings,, now owned, or
which shall hereafter be owned, for use upon said line of
railway.
THE BOND.
ABSTRACTS OF RAILROAD MORTGAGES.
Six per cent First Mortgage Bond.
i)a(c.— April 2, 1880.
Denomination.— $\.00Q each.
Ammtnl Authorized.— 93,000.000.
Coupon or Segistercd.— Coupon, but all bonds of the company may b«
registered as to principal.
Interest Payable— The interest is six per cent, payable January 1 and
July 1, at the otllce or agency of the company in New Y'ork.
Principal Payable—J anufiry 1,1910, in lawful monev of the United
States of America, at the office or agency of the company in New
York.
Taxation.—The company agrees to pay all taxes and assessments that
may be charged on the bonds or bondholders of this mortgage by
any State through which the railway runs.
continued to-day of the provisions of
The publication
jBome of the leading mortgages of the Chicago Milwaukee &
number an abSt. Paul Railway Company. In the present
the
isttact is given of the mortgage of January 1, 1880, on
Bastings & Dakota Extension, of April 2, 1880, on the Chicago
is
^
1, 1880, on the Dubuque Division.
on the Wisconsin Valley Division, of July 1,
1880, on the Mineral Point Division, of January 1, 1881, on
i^he Chicago & Pacific Western Division, of July 1, 1881, on Sinking J'und.—None.
the Wisconsin & Minnesota Division, and of July 21 on the
2)f/aMZ^— Provisions substantially the same as in the con[Chkonicle, V. 45, p. 86.]
<!l4icago & Lake Superior Division. They are arranged as soUdated mortgage of 1875.
^aal in the order of their dates of execution.
Foreclosure Sale. The provisions the same as in the consolidated mortgage of 1875.
CHICAGO MILWAUKEE & ST. PAUL.
Pacific Division, of July
-of
July
1,
1880,
—
New Company.—The provisions the
idated mortgage of 1875.
MORTGAGE ON THE HASTINGS & DAKOTA
EXTENSION OF THE CHICAGO MILWAUKEE &
ST. PAUL RAILWAY, TO SECURE BONDS DUE
•JTEST
JANUARY
Dote.—January
1,
1880,
—
—
and supplemental mortgage May
1, 1886.
Parties.— The Chicago Milwaukee & St. Paul Railway Company, of the first part, and the Farmers' Loan & Trust Com-
MORTGAGE ON THE CHICAGO CLINTON DUBUQUE & MINNESOTA RAILROAD, THE DUBUQUE
DIVISION OF THE CHICAGO MILWAUKEE & ST.
PAUL, TO SECURE BONDS DUE JULY 1, 1920.
FIRST
New
York, Trustee, of the second part.
Property Covered. (As condensed from the statement in
the supplemental mortgage, which includes all the property
The
originally mortgaged, with additional specifications.)
TBifway extending from Glencoe, Minnesota, westerly, via
Big Stone Lake, into Dakota, and thence westerly, via Mil-
pany
of
—
Date.—July 1, 1880.
Pai'tifS.—The Chicago Milwaukee & St. Paul Railway Company, of the first part, and the New England Trust Company
and the extension from Ipswich, westerly,
to a junction with the line of railway to be constructed northvresterly from Scotland, Dakota, thence northwesterly to Bismarck, and th«nce northwesterly; also, the line from Aberdeen,
Brown County, Dak., to Ellendale, Dickey County; and the extension thereof hereafter to be made northwesterly and also
the branch from Milbank, Grant County, to a point northwest
of Wilmot, Roberts County and the extension thereof to be
built in a northwesterly direction together with all the fran•ohisea and other property, real and personal, appertaining to
«aid lines of railway including all lands, buildings, rolling
atock, etc., owned or to te acquired for use on said lines of
Before the issue of bonds the railway shall be
railway.
-equipped as is provided in the mortgage of the Iowa & Dakota
t>ank, to Ipswich,
;
;
;
;
[Chronicle, V. 45,
THE BOND,
Ifivision of 1878.
in the consol-
Meetings of Bondholders. The provisions the same as ia
the consolidated mortgage of 1875.
Trustees. The provisions the same as in the cocsohdated
mortgage of 1875.
1910.
1,
same as
p. 114.]
of Boston, Trustee, of the second part.
Property Covered.— The railroad heretofore known as the
Chicago Clinton Dubuque & Minnesota Railroad, with its
four several branches, extending from Clinton, Iowa, along
the west bank of the Mississippi River to Rome Junction,
Houston County, Minnesota, with the branch from a point on
said main line westerly to Preston, Fillmore County, Minnesota;
also the branch from a point in Allamakee County on said
main line, westerly to Waukon, and thence to Decorah, Winneshiek County, Iowa also the Turkey or Volga River Branch,
extending westerly through Clayton County to Wadena, Iowa,
and thence westerly in Favette County, together with all extensions of said branch made or to be made by construction or
purchase; also the branch from BeUevue, Jackson County,
Iowa, westerly to Cascade, Dubuque County; in all a distance
of about 358 miles
also all property whatsoever, Ixith
;
;
and personal, including all rolling stock, depot grounds,
buildings, and all franchises, etc., relating to.said railroads,
*a(e.—January 1 1880.
now owned or which may be hereafter acciuired for the use of
Denomination— 9\.00'^ e.acli.
Amount Auilwfiztd.—%2,bG0,(00 for 128 miles of railway, constructed said railroads. Before bonds are issued the road shall be
from Glencoe to Big Stone Lake, Minnesota, and $15,000 a mUe (or equipped as provided in the mortgage of the Iowa & Dakota
extt-nsions.
Division of 1878, or with the equivalent in value thereof.
CoMiyon or KegMercd.—Cow^oB, but the company registers all its bonds
[Chronicle, Vol.45, p. 114.] Part of the above is subject to the
as to principal.
Xnteritt rayable. Tlie interest on the first 5,680 bonds of this issue was prior lien of bonds amounting to $1,055,000 issued by the
7 per cent. By the supplemental mortguiie it was provided that Chicago Clinton Dubuque & Minnesota Railroad.
real
Seven per cent First Mortgage Bond.
,
the interest of subsequent issues should lie 5 per cenr. It is payable
Janunry and July 1, at the office or agency of the company, in
New York
P}-ir:cipal
States of America, at the
York
THE BOND,
City.
VayaUc—Jarnaxs
1, 1910. in lawfal
office or agency of
six per cent First Mortgage Sinking Fund Bond.
Da(c.— July 1, 1880.
Vetiomination. —1.000 each.
Amowit Authoriced.— $0,000,000, which may be ini 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 ifsue to the .amount of Jl.lOu.tOO
shall be deposited with the trustee and held for exchange for the
bonds constituting the aforesaid lien, such excl.ange to be made "at
a rate not exceeding $1 0425 of these bonds per dollar of the bonds
8ooutstai,ding," or said bonds maybe sold and the proceeds used
for the purchase of said bonds so now outstanding at a rate not exceeding that herein named for the exchange of said bonds.
Couponor Kegislered -Conpon.liul may be rf glstered as to principal.
money of the United
the companv in New
city.
Ta«*.— The company
agrees to pay all taxes and assessments on bonds
or bondholders charged by any State through which the railway
runs.
Junking Pund.— None.
Default.—The provisions are substantially as given in the
<X)n8olidated mortgage of 1875. [Chronicle, V. 45, p. 86.]
Foreclosure Sale. Provisions the same as in the consoli-
—
dated mortgage of
1875.
New Ccwpajiy.— Provisions the same as in the consolidated
mortgage of 1875.
Meetings of Bondholders. Provisions the same as in the
•consolidated mortgage of 1875,
Provisions the same as in the
Trustees
anortgage of 1875.
.
Payable—The interest is 6 per cent i>er annum, payable January 1 and July 1, at the office of the Company in New Yoik tity.
Prinripal Payable.— The pilncipul Is payable July 1, 1920, in lawful
money of the United States of America, at the office of the Company
Interest
—
,
—
in
consolidated
MRST MORTGAGE ON THE CHICAGO & PACIFIC RAILROAD, MADE JOINTLY BY THE CHICAGO
WAUKEE & ST. PAUL RAILWAY CO., AND MILTHE
CHICAGO & PACIFIC RR. CO., TO SECURE
CENT BONDS DUE JANUARY 1, 1910.
Date.— April
2,
6
New York City.
Sinking Fund.-On and after July 1, 188r>, one per cent of the whole
amount issued, sba'l be applied annually to the purchase of these
bonds at not over 103; or if these cannot be had the fund may at
option be applied to the purchase of other six percent first mortgage bonds of the company not tuider par.
Default.— In case of the default of interest for six months,
" the principal of all the bonds secured liereby shall become
immediately due." All other provisions substantially as in
the Southern Minnesota division mortgage of 1880. [Chronicle, Vol. 45, p 114.]
PER
1880.
*Parties.-T\ie Chicago Milwaukee & St. Paul Railway
pany and Chicago & Pacific Railroad Company of theComfirst
part, and the Farmers' Loan & Trust Company of New
York
Trustee, of the second part.
Foreclosure Sale.— In case of the 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
Property Covered.— The enth-e franchises and pronertv
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,
Wfi from Chicago, by way of Etgin and Byron, to a 'junction and he may organize a new company
upon such terms as the
with the Racine & Fouth western Division of the Chicae-o
holders of a majority of the bonds may direct.
Milwaukee & St. Paul Railway at Freeport; also, at or n^r
Trustees.— Any va.ca,ncy in the office of trustee "may be
Xanark, and from thence to the Mississippi River inclndfiUed 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
-[The Clilrngo Milwaukee & St. Paul Railway Comt)anv
this method prove impracticable, application may be made by
and tho n,(
"J"'""^ -^ .ev^^2S/i;l.o'K*o the surviving trustee, or, if the trust be wholly vacant, by
^If^'th'epZci^i^S^iifteTe^t^^
holders of bonds to the amount of $100,000, to any court o£;
'
;
1
<
—
July
J
THE CHRONICLF.
30, 1887.]
compt'tent jurisdiction for saiU a|>iK>inttiu>nt iiiul, upon hucIi
appliciition, a majority in interest of tlio wiid IwrndlioMorH
ufiall be entitled to nominate the person to be so appointed.
;
145
Fireolwture Sale.— In cam of the sale of tho pro|M<rtr unci
the forcclosiin' of this mort((ace, Mid la caae «
ni&iaritr
the iMmdholdeis
tM>ndlii>ldi IS mIiuII in writing'
writinir roqlimtUMTSiMlM
rnuUMt Uui
ZTIn,
mt
to i.
Mt.'
the trustee is uiitl,... I/,, (,. ,„,r..i.,.«.. „,,i.( propwty fo, Um,
iKineflt of the IxM
.t ..fmifchM* a^
aforesaid the title
in the truaUw.Mufe,
he may tnke Mi<
111.
/,.• » now comiionr uprin
iiuoi»
U'nuauuthe li i.Mn
m
ty of tho bond* m»y dirtwU
tm^M
1
MORTGAOK ON THE WISCONSIN VALLEY DIVISION
OF THE CHICAGO MILWAUKEE & ST. PAUL RAILWAY TO SECURE BONDS DUE JULY 1, 1920.
t
I
i
,
.i
i
ii
Date.—3i\\y 1, 1880.
Ifetp Company.— I'ruvisiuiiH theaame
in tiMOOUoUdalML
Parties.— Tho CliicaRO Milwaukee & St. Paul Railway C^ommortcvge of 1870. [Ciironici.b, V. iH, p. M.]
|.:iny, of the flntt part, and the New England Trust Company
2>t«<<e».— Provisions the same an in tho .South<Tn Mlnfi*^
IJoston, Trustee, of the second part.
sot* Diviaion mortgage of 1880. [CUBO!fIci.K, V. 4IJ, p. It4.j
Property Covered.—The railroatl heretofore known as the
MeeUngs of Bondholders— VT>M»\ont the mme na In
Wi.st-onsin Valley Railroad, extending from Tomah, Slonroe
,
,
;
.
m
»
!
'
'
the mortgage of the Southern Minnesota Division of 18801.
( ounty, to Jenny, Lincoln Countv, in Wisconsin, a distance of
about 107 miles, togother with all extensions hereafter made. [CHBOMICLE, V. 4.'>, p. 114.
either 1)V con.struct ion or inirchase and all " proiwrty what-^.icver, both real luid jjcrsonal," including all rolling stock,
FIRST MORTGAGE ON THE CIIICAC;*) & PACIKK;
lildings, franchises, etc., now owned or which may be heroWESTERN DIVISION OK THE CHICAGO MILWAUtcr nc<|uirod for the operation of said railroad; subject to
KEE & ST. PAUL RAILWAY, TO StXIURE BONDH
prior lien of 7 per cent bonds issued by the Wisconsin
DUE
JANUARY 1, 1921.
illey Railroad Company to the amount of |1, 109,74.1, due
/)ate.—
January
1, 1881.
lytlO.
Before bonds are issued the road shall bo equipped with
roUiiit; stock as provided in the mortgage of the Iowa & Dakotn
Par.ies.—i:\\G Chicago Milwaukee & St. Paul Railway Com^'i vision of 1878, or with the equivalent in
value thereof. pany, of tho first part, and tho Farmers' Loan & Tmat
UROSIOLE, V, 45, p. 114.]
Company of New York, Trustee, of the second jiart.
THE BOND,
Property Covered.— T\\o railwav, with its bridges, etc.,
extending from a jx)int on the Jlissiasipiti River opi>oaite
eix per cent First Mortgage Sinking Fund Bond.
;vr/, -Tiilv 1, 1S80.
Dubuque, across tin? river, westerly to Farlev. Iowa, and
i(io;i.— ijsi.oooencli.
thence by way of Morion to the Missouri River at Council
thoris.tl.— $1,700,000, which may be Increased at tlie rate of
Bluffs, with a branch across said Miss<juri River, westerlv, in
.000 per mile, of railway constiuctort or piircliwed, free from In
Nebraska with branches from said main Une to Des M-'iine»
oumliniiiro.'i a »iilliflriii aninnut of the ahcive thall be held, or si'ld
and Ihi- pi-( ci eils held to retire f44,3-10 of Incouie bouds Issueil by and JIarshalltown. in Iowa with another brant'h to Simix
tile Wisconsin Valloy Comiuii\y.
City, Iowa, and thence by Yankton to Rimning \V..i
lOmtpoH iir HegMernl.-i-ou^wn: lint may be registered Bsto Trinclpal.
across the Mis.souri to Niobrara, Nt^braska, ami
IJHttt-ent raunblr—The interest IsB peiecut perannuin. payable January
westerly; and also from Yankton northerly to Jlitcli
I
1 and J Illy 1 at tlie offlc of the company In New Yorlc City.
.
ififincipai I'ai/iihle.— The principal Is payable July 1, 1920, in lawful
thence northerly and also fnnn Elk Point Junction, Iowa, money of the United States of America, at the office of the company northerly to a point near Milbank, Dakota with the
brancik
In New Yorlt City.
^Sinking f'iK.rf.- Provisions the same as In the mortgnt^e of the Chicago from Eden, on stiid line, to Rock Valley, in Iowa, and thence
Clinton Dubuque & Minnesota Railway of 13:0 al>ove.
northerly into Minnesota; and also from Flandreau, Dakota,,
Dfifault. In case of default of interest for six months, "the westerly ; also from Perry by Webster City to M.-xson City, h»
Iowa and from Marion, in Iowa, southwesterly by w;iy of
1 nrlncipal of all the bonds secured hereby shall become immeHintely due." All other provisions in case of default are sub- Ottumwa to and across the Jlissouri River in Missouri .is well
nti.allv as in the Southern Minnesota Division mortgage of the railway constructed as that hereafter to \yc constructed or-^0.
purchased, and all " property whatsoever, both real and per[Chronicle, V. 45, p. 114.]
sonal," including aU rolling stock and etjiiipment now owned. _
Forei:lO!,ure Sale.
In case of the sale of the property under
or which may hereafter lx» acquired for the operation of said
till' foreclosure of this mortgage, and in case the holders of a
railway, together with all franchises, titles, etc. subject toiiKijority of the bonds shall in writing request the trustee so
to act, the trustee is authorized to purchase the same for the prior fiens amounting to ^1,814,000 on 178 miles of completecl
road, to be canceled and replaced, dollar for dollar, by bond*
netit of the bondholders. In the event of purchase, as aforeof tills issue, a sufficient amount of which were reserved for
1, the title to the said property .shall vest in the trustee,
\
he may t,ako measures to organize a new company upon this purpose. Before Iwnds are issued on new railway it slvilt
be equipped as provided in the mortgage of the Wisconsin tc
l» terms as the holders of a majority of the bonds shall in
Minnesota Division of 1881. [See below.]
riting direct.
;
•
1
.,
II
.
;
;
:
.
;
;
.
'
—
'
;
:
—
;
•
—
I'ruUees. Provisions for appointment, the
r>iibuque Division mortgage of 1880 above.
same as
MORTGAGE ON THE MINERAL POINT DIVISION
OF THE CHICAGO JIILW^VUKEE & ST. PAUL RAILWAY TO SECURE BONDS DUE JULY 1, 1910.
1,
1880.
—
&
St. Paul Railway
Parties. The Chicago Milwaukee
pany, of the first part, and the Farmers' Loan
Trust
pany of New York, Trustee, of the second part.
Property Covered.
(.
—The railroad heretofore
uoral Point Railroad, extending
Mineral Point,
(lunty, Illinois, to
•
Forty-year flvc per cent Gold Bonds.
lifST
i)ate.— July
THE bond.
in the
&
known
ComCom-
as the
from Warren, Jo Daviess
Iowa Coimty, Wisconsin,
7)a^c.— Jamiarj- 1. I'Sl.
«< /iO)n<no(«'i>i.-$l,000 •aeh.
Aiithorizeil.—Si,'iO0,0C0 on 210 miles of read air. ady codMriuted. $20.tiO:i per mi e of road to be constructed or purchased,
anil eiiuliiKd as provideil: $500,000 each for the brlnjres. wh»i»
coiupleied, across tho Missouri River at Oii.aba, and across Ui«
Mia.-iissippi lit Dubuque (but lesa if the t'rldifOH cost less): and noC
oxceediiis'jri.OOO.OOO in all forrolliioistm-k piirchaMd Inaddlilon
to the amount pre80rll«>d per mlie. and *8.0O0 per n.lle of seconil.
track, if such be liuilt. between Marten and Ihe Misscurl River.
Coujion or lini/isteretl roupoii but may be registered as to principaL.
Inlirest I'aynblr.— The Interest Is 5 per cent, jiaynlile January 1 and
July 1, in Uuiteil States gold coin of the standard of 1874, at theottice *.*f the company In New York City.
iVi>iripa< Puj/abfc- January 1, 19.^1, In like gold coin and at thesamftplace.
Amount
—
;
—
branch from Calamine, Lafayette County, to PlatteDefault. The provisions in case of default substantially theGrant County, Wisconsin, about fifty-one miles of con- same as in the mortgage of the Southern Minnesota DiviaklA
structed road, together with the extensions of said road here- of 1880. [Chronicle, V. 45, p. 114.]
after to be made, either by construction or purchase, as folForecJosure Sale. In case of the sale of the property undeiwith
a'
ville,
—
i
—
—
lows: First from Mineral Point to Sparta, in Wisconsin; the foreclosure of this mortgage, and in case the holders of a
second from a point on said Mineral Point Railroad easterly majority of the bonds shall in writing request the trustee soo Monroe, and westerly to Dubuque; third from Platte- to act, the trustee is authorized to purchase said property foir
vUle westerly to some point or points on the Mississippi River; the benefit of the bondholders. In the event of purchase, as
foiuth— from Warren southerly to Lanark, Illinois; fifth
aforesaid, the title to the said property shall vest in the trusfrom a point at or east of Gratiot to Freeport.
tee, and he may take measures to organize a new compaiy
"
property whatsoever both real upon such terms as the holders of a majority of the bona»
Including in the above all
and jiersonal," with all rolling stock, buildings, franchises, may direct.
&c., now owned or wliich may hereafter be acquired for the
Trustees. The provisions substantially the same as in theoperation of said railroad. Before bonds are issued the road
Dubuque
Division mortgage of 1880, above.
stock
as provided in the mortshall be equipped with rolling
gage of the Iowa & Dakota Division of 1878, or with the
equivalent in value thereof. [Chronicle, V. 45, p. 114.]
FIRST MORTGAGE ON THE WISCONSIN & MINNESOTA
DIVISION OF THE CHICAGO MILWAUKEE & ST.
THE BOND.
—
—
;
Five per cent First Mortgage Bond.
'
;
,
I
Da(e.—3u\y 1, 18S0.
Denominnttoji.— .fil.OOOeacli.
i)ate.—July
AmmiHt
Parties—The Chicago Milwaukee &
Aiitlinriztd -%1,ZOO.OOO on above lines In operation, and $20,000 per mile of railway hereafter constructed or purchased, free
from Incumbraiiees; but no l)onrt8 shall be Issued on the extension
from MinerHl Point to Dortgevllle.
Coupon or y^cffisieret/.— t'oupon; l>ut may bo registered as to principal.
/»(«*«( /V/y«^(/e.— The interest is 5 per cent per annum, payable January 1 and July 1, at ihe oflice of^tlie company in New Yorlt City.
Princiiial I'ai/uble.—Ttie principal is payable July 1.1910. In lawful
money of the United States of America at the olBce of the company
In New York (;ity.
Sinking Fitnd —None.
—
.
PAUL RAILWAY, TO SECURE FIVE PER CENTOOLI>
BONDS DUE JULY 1, 1921.
Default
Provisions the same as in the Southern MinneBota Division mortgage of 1880. [Chronicle, V. 45. p. 114.]
1,
1881.
Paul Railway Oooi& Trust Cob»pany of New York, Trustee, of the second part.
Property Covered. The railway extending from -AjJ^Jj*
Minnesota, northeasterly by way of Rochester to the ^>**'^
sippi River near Wabasha, with a branch to Zuaibrota. woA.
thence to a point on the Hastings & Dakota Division »«''
Farmington; and from said point, near Wabaslia. acroas said.
pany, of the
first
part,
St.
and the Farmers' Loan
—
Mississippi River, northeasterly to Eau Cbure and i..hippewa.
and thence easterly, with the branch running nortlv^
Falls,
'
THE CHRONICLE.
146
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 Minneapolis, 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 constructed as that hereafter- to be purchased or constructed,
including all " property whatsoever, both real and pereonal, pertaining to said lines of railway;" including all rolling stock now owned, or hereafter to be acquired, and all franchises, &c. Before bonds are issued on any railway it shall
be " equipped with rolling stock at the rate of five locomotives, two passenger cars, one hundred and twenty box,
freight or stock cars, and twenty flat cars, or their equivalent in value for each and every hundred miles of railway."
[Vol,
XLV.
erly,
Gold Bond.
/)«<«. -July 1, 1881.
Detiomirtution.— '1,000 eaih.
a«/Aorirc(<.— $6OO,uO0 on tlie portion of the railway In opera^oneapoiis witli t!ie bridge across tbe Mis3«M, tlon from St. Faui to
sissippi Kiv<T, including tlie branch railway to St Anthony; $20,OUO uu each mile of railway constructed, or purchased free from
Diortgaf;cs, ami eiiiiipped as providfd, and not exci-edingthe co>t of
the struouires, aid not more than $250,000 for the bridge across
the MissUsippi Kiver at Wabasha, and not more thaa $100,000 for
the bridge across the St. Croix River at t^cscott.
Coupon or Jtcylsiered.— Coupon; hut maybe regiateredas to principal.
inlertat fuyuble.—The iutt^reet is
per cent per annum, payable JanuUA. ary 1 and July I. in Uuited Statesnold coin of the standard of 1874,
at the olHce ot the company in New York City.
fmicipul l-uyuUe.-Jaly 1, iy21, "in Uuited Slates gold coin of the
standard of 1874," at the offloe of the company in New York City.
Sinking J-'anrf.— None.
Amount
.">
—
Default. Provisions substantially as in Southern MinneBota mortgage, dated January 1, 1880. [Chronicle, V. 45,
p. 114.]
—
Foreclosure Sale. Provisions the same as in the Chicago
•& Pacific Western Division mortgage, given above.
—
2Vw»<ee«.
Provisions substantially the
Division mortgage of 1880, above.
same
as in
Dubuque
the
MRST MORTGAGE ON THE CHICAGO & LAKE SUPERIOR DIVISION OF THE CHICAGO MILWAUKEE
& ST. PAUL RAILWAY, TO SECURE BONDS DUE
JULY
1,
1921.
Date.^July 31, 1881.
Parties.— The Chi^figo Milwaukee & St. Paul Railway Company, of the first part, and the Farmers" Loan & Trust Company of New York, Trustee, of the second part.
P Property Covered.— AM the following railways of the company, with their fixtures: That extending from Madison, Wisconsin, northerly to Portage City, and thence northerly and
*hat from Madison, southerly, to Edgartown, Rock County,
and thence southerly by JanesviUe and B-loit, in Wisconsin,
to Kockford, Illinois, and thence southeasterly to BraceviUe,
Orundy County, and thence easterly to the eastern boundary
lUinois, and also from some point on said line southerly
to
Jlendota, Ilhnois; also that extending from Chicago, northerly,
through Evanstown to Libertyville, Lake County, and thence
northwesterly to the State Une at Genoa, and thence northerly by Geneva and Elkhorn, in Walworth County, and
Eagle,
Waukesha County, and Horicon, Dodge County, to Wmneconne, Winnebago County, and thence northerly into
Michigan and to Lake Superior, with the several branches of
said
line to the iron and copper mines
of Micliigan and Wisconsin,
ana to the waters of Lake Michigan; as weU the raUway
now
;
M
constructed as that hereafter to be constructed or
purchased,
ana all " pro|)erty whatsoever both real and personal,"
including all rolling stock and equipment, now owned,
or which may
nereafter be accjuired for the operation of said railway,
togeiner with all franchises, titles, etc.
Before bonds are issued
ine road shall be equipped as provided in
the mortgage of the
Wisconsin .&^ Minnesota Division of 1881 above.
THE BOND.
First
XHKe.— Jidy
quite apparent in
freshets in rivers
all
business circles.
and mill streams
in
Violent storms caused
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 have done
much good in the nearer trans- Alleghany region. Depression
in financial circles extended to the mercantile exchanges, and
in nearly all staples the speculative spirit has not been ani-
mated.
prices, closing at 6 60o. for prime city, 6'90@6 95c. for prime
to choice Western, 7- 10c. for refined to the Continent and
7 •50c. for refined to South America,
D^ILY CIX>8INO PRICES OF LARD FUTURES.
Saiurd'y. Mmtd'y. Tuesd'y. Wedni'y. Thurtd'y.
6-92
689
G 90
690
Aug. deUv'y .. 6-91
7-02
"
7-01
7-00
..
700
700
Sept.
'•
7-05
7-05
7-04
703
7-03
October
..
6-86
6-86
"
6-86
6-85
6-85
Nov.
..
6-91
687
lanuary " .. 6-91
689
ti-87
Fridaf/.
6-90
700
7 05
680
6-86
Old mess, |15 25
prime, $14 25@$14 50, and
Cutmeats have been dull and drooping;
clear, $16@17 25.
pickled bellies 8J^@9i^o., shoulders 6J^c. and hams 12)^®
Beef re12J^c.; smoked shoulders 7i'^@8c. and hams 13c.
mains nearly nominal. Beef hams lower at $19 50ig$20 per
Tallow easier and dull at 3 ll-16@3-^o. Stearine is quiet
bbl.
at8i'g@8^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(^ 103ic. for State
factory, full cream. The swine slaughtered at the principal
Western towns, March 1 to July 37 numbered 3,470,000,
against 3,490,000 same time last year.
The following is a comparative summary of the aggregate
exports from November 1 to July 23.
Pork has ruled quite
@f!15 50;
new
firm, but closes quiet.
$16
do.,
35@f 16
50;
1886-7.
188.V6.
32,004,400 Dec.
31,034.800
969,600
365,2dJ,107 Dec. 32,784.688
332.467,119
2H,a49,252 Inc. 17,236,621
232,185,873
speculation in Rio coffee has been quieter, an upward
Pork, lbs
Bacon, Ac, lbs
Lard.lbs
The
tendency being followed by some depression, closing with
sellers at 17'65@18'15c. for summer and autumn months, and
18'20@18'35c. for the more distant options. Coffee on thespot
has not been active, and closes dull at 20c. for fair cargoes
Rio, with mild grades quite neglected.
Raw sugars have been quieter, and close somewhat nominal
at 4 9-
refining
Cubi and
5 5-16c. for centrifugal,
Refined sugars are scarcely so firm. Molasses
nominal at 18}^c. for 50 deg. test. Teas are rather quiet.
Spirits turpentine declined to 31c., leading to an active
Rosins are steady at
business, and a recovery to 31}^@33c.
$1 02J^@$1 10 for common to good strained. Crude petroleum
certificates were crowded down to 54c. from which there was
96 deg.
test.
a smart recovery, and the close this afternoon is at 56?^c,
Kentucky tobacco has been active, the sales amounting
to
950 hhds., of which 400 hhds. were for export. Prices are
i^c. dearer; lugs are quoted 43^(36,140. and leaf 6!;^@15}^c.,
with eelectioDS up to 17@l8c. Seed leaf in rather better demand sales for the week are 1,180 cases, as fo'.lows: 500
;
Mortgage forty-year 6 per cent Gold Bond.
cases,
1881.
X)Bnomi»ia<ion.— $1.00,1 each.
1,
1886 crop,
New
crop, Pennsylvania
~*1:^''°'<"'*' 0° 68 miles of road already con'*'"f;V?,L''H"""".''if
"'"*' °'
**
?" '>" ""hsfucted, leased or
?,uJ<.l a^A.^V™!'*;;-".'
V"^
purciiahod,
free from mortgages, and
equipped as ab.ive iirnvidcd
"T
'?'*'',';''*. '« 5 »""• cent pi r annum, payable
Jann»t„i"*"i;'';";^''?
uary 1 and J,|ly 1, i,. u.dted
States goll eolu of
18.4 at the office ot the company In New York City.the standard of
Prtnolpal is payable JiUy 1, 1921, in "United
H?.'J"
"/'."'''f-"?".?
of 1874." at the offlce'of thecompanyin^New"Y{,rtCi'ty"'"'''^
Sinking tund.—tlune.
DerowZi.— Provisions substantially the same as in theSouthMinnesota Division mortgage of 1880 [Chronicle,
V.
^
Friday Night. July 29, 1887,
The weather has been so hot this week as to discourage
physical effort so far as it could be avoided, and the effect is
The speculation in lard futures has been dull, but there is no
material decline in prices. Lard on the spot has also moved
slowly, and there are but slight and irregular changps in
THE BCKJ.
First Mortgage forty-year 5 per cent
COMMERCIAL EPITOME.
*
^oreclomire Soie.—Provisions the same as in the Chicago
iraciHc Western Division mortgage, given
above.
7Vu«tee».— Provisions substantially the same as
in the
Dubuque Division mortgage of 1880 above.
&
England, 12M@14c.; 180 cases, 1885
Havana
seed, 10@22}^c.: 200 cases, 1880-86
150 cases, 1884-85
Pennsylvania seed leaf, 12@16c.
crops, Little Dutch, 103^@ 14c., and 150 cases sundries, 7@
crops,
;
28c.; also 400 bales
tra, $1
35@$1
Hivana,
60c. @$1 05,
and 200
bales
Suma-
55,
Metals have been dull, but block tin is firmer at 23%c, on
thespot for Straits and 22 '80® 33c. for futures. Ingot copper
is
dull at 10}^@105jjo.
on the
spot, but futures are held a frac-
Laai is dull at 4^s<Si^C; closing
above these figures.
weak. Spelter nearly nominal at 4.f^rS4%c.
Ocean freights have been dull in the shipment of grain, but
rates are well maintained; Liverpool 3d. and Loudon SJ^d. and
nominal; business to-day was at 3J^d. to Hull and 8c. to Amtion
sterdam.
.
July
-
...
80,
1887.
THE CHRONfCLP.
j
COTTON^
Frida*. p. M.. July 20. 1887.
Thr MovKMltNT OF TH« CROP, as indicated by our telOKraniK
from the South to-niirht, iB^lven helow. For the wc<<k wuIIhk
this evening (July 29), the total rooeiptp have reache*! S.^iSi
balefl, aifaitiHt 3.21)3 bales last week, 4,ti()U bales the previous
week and 1,201 bales three weeks since tnakiai); the tota
;
reoeipts Ainoe the 1st of SSeutorabor, 1880, S,304,t79 bales, accalnst
S,308,A72 bales for the same period of 1885-80, showing a deorease eiaoe September 1, 1880. of 03,998 bales.
Itte»ipt$at—
51
10
Qalveeton
iDdlanols, &a
New Orleans...
Wtd.
IU4t.
JTon.
39
20
16
121
247
104
1,263
1
1
Savannab
Bnmaw'k. A.O.
4
8
16
1
8
86
3
8
2,035
9
30
-•••
....
103
111
• •..
<fco.
WUmlnKton
Moreb'dC.dto.
Norfolk
2
•••
48
61
....
6
16
Potnt,<fco
New York
....
Boston
....
Baltl lucre
.•••
Phlladolp'a, Ao.
9
TotaUtUsweek
593
64
191
1,324
138
50
66
S6
271
"T,581
For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1880, and the stock to-night,
and the same items for the corresponding periods of laxt year.
1886-87.
Wuk.
1,
247
Salveaton.
Sine* Sep.
1, 18f5.
Tki$
Wttk.
1886.
131
706,933
Mobile
Florida......
Bavannak.
..
Br'sw'k. Ao
Charleston
Pt.Boral,iko
2,035 1,727.509
9 213.410
23,167
30 794.691
31,7al
111
Wilmington .
M'bead 0.,<fco
51
Norfolk
W.Polnt.Ao.
New York...
16
Boston
Baltimore...
'PliUadel'a,Ao
56
26
1,662 1.726,543
58 246.853
1
50,164
46,6 lO
368.203
19,212
134.733
3,839
532,138
324.071
96,802
105,358
64,4 97
1,917
58,3.'>5
1.961
1,129
16,291
8,944
8
6,621
891
4.170
587
597
2,554
3,096
IT 8.279
168,752
7,910
9,933
12.066
829
797,600
16,252
501,189
14.476
101.159
9
12
7,821
562,231
284.506
56.312
120.613
62,173
52.913
835
39
141
1,285
974
3.000
472
16,500
9,060 5,299,672
192.0.58
234.767
In order that comparisoo may be made with other years, we
give below the totals at leading ports for six seasonB.
BteeipU at—
Qalve«t'n.<lEO.
Hew
Orleans.
MobUe
Bavannak
1,637
1,963
6
334
583
107
427
68
142
578
3(5
118
....
82
4,362
1,828
3.281
2,567
2,211
2,581
9,060
2,588
4,283
7,064
4,816
30
111
51
16
.
1.
1883
335
39
...
BlnoeSept.
1883
1884.
152
313
25
122
127
9
123
131
2.17
2,035
Charl'st'n, Sm
Tot. this w'k.
1885.
1886.
1887.
9
WIlm'gt'n.Ao
Norfolk
W. Point, lie.
AU others .
131
1,662
130
291
68
635
57
1,826
12
28
136
....
107
190
332
87
175
;
.
-
'
'
BrWn. franc.
OrtUlin.
l»,
4Tffwn/b%t
New Orleans....
5.071
Mobile
Cbarleeton
None.
iavannah
None.
None.
None.
8,800
1.000
X, 1667
OmtiFranct
3,547
HfiiX
8.096
746.886 Sie.lH)2
IWfU.
.
0.483
NffBe.
9,871
KO
8,400
1.413
14,783
177,37»
16.233
10,992
4ro
4.S69
4,460
1.358
33.469
18.996
31t.»l*
Otker ports
1887
The speculation
3,546
Roiton..
..
8.540
2,260
toe
803»
7,960
1,700
18.900
8Se,l»6
97.678
404.719
41
547
146.161
Norfolk
New York.
18,648
13.966
Baltimore
•6.073
PhUa(lelp'a,Ac
M,783
Total
Total 188e-8«
15.997
•480
42.673
8,760
None.
Nnne.
None.
None.
7,400
1.000
47
1.677
3.AS4
110.079
19.6S*
in cotton for fnture delivery at this
1B6.4M
market
has been fairly active for the week under revi-?w, but tha
of prices was quite unsettled, developing at times some
irregularity, as between this and the next crop.
On Satardajr
the beat and the half-holiday caused an almost complete
desertion of the Cotton Exchange after the first call.
Od
Monday the market opened panicky, but the decline in this
crop was fully recovered; on Tuesday, however, this crop was
lower and the next dearer through manipulation to squeeaa
Southern operators who had been selling freely, putting oat
coune
contracts, and at the close some pressure was
July contracts, which was more oonspiouooa oa
'Wedneeday, 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 nipfull lines of
shown
in
To-day August options declined
port from any quarter.
points and the n«-xt crop was much dtpreutd. Liverpool decliDed4-64th8(S5-64th8and adjourned to the 2d Ao^nst. in view
of which, and the favorable crop reports, there was a beayr
Cotton on the Fp<<t was without quotsbw
selling movemenr.
change and the demand mainly for home coEeumptioD, uDtQ
to-day, when there was a decline of 3- 16c., middling uplands
closing at 10 8- 16c.
The total sales for forward delivery for the week are 688,800
bales.
For immediate delivery the total salee foot up this w«ak
3,738 bales, including .50 for export, 2.688 for consumption,
in transit.
Of the above,
for speculation and
balea
were to arrive. The following are the official quots^tlona for
week.
each day of the i>ast
—
—
•43.980
143.806
10.897
8.900
8,406
•4i,9as
I.4S3
98.888
8.910
—
NEW ORLEANS.
QPLANDB.
July 23 lo
July 29.
non Tnea
Sat.
•7\
SI*
9»1«
9»8
7H
Ordln'y.fl)
StrtotOrd..
O.KHl Ord..
8>4
93,,
9»%
Bcr.O'dOrd
L iw Mldd'g 10
7''g
8-4
9»,«
9»B
8%
»»,«
8%
»»ie
9%
10
103,g
lu3,g
10%
10%
911
10>g
10>«
10>s
10»1« llU6,g io»,«
10>3
10>S
10>e
10«»
Scr.Q'dMld'lOTg
Uldd'gFair|ll>4
to''g
11>4
1008
lO^s
ll**
lilt's
Ifs
Ifs
12
Frl.
W«4
Pair
Wed Th.
^H
7%
strict Old..
8H
7»is
8>ig
(»<K>d Old..
8tr. Q'd Ord
9i>,a
9*16
9
9»S
9<>8
97,g
Ordtn 7.«1>
m
ll'g
ll'g
Strict
Middling....
Middling.. ..T
.
SAUS
SrOT MASKBT
ou>Bau
port,
....;
....
I09.S4I
Tu«e
8.646,848 408.466' l^.fl63,4.»40.4e«
10%
10%
10%
10%
10%
io4
10J„ |10»„ 10»16
W\
\0\
11
11
11
11%
11%
11
11%
11%
11%
12
12
12
13
13
719
83ig
9>s
Til.
Frl.
7''«
71I1S
8%
83„
»»i«
9«s
8*ig
91*16
9%
10»8
10»,»
|10<«
110%
11
111%
Il2
7>s
91s
10
Tfc.
Frl.
75
8%
9»,.
9%
''n
8%
0%
7>»ia
8«,i
9>i
BS.S
11%
ii»ii
111*{4
10%
10%
10»,«
10%
10%
lOiSjgll
llS.g 11%
Ills,. 12
7%
S1'«
9%
10
10%
|We«
10*ia
109,g
mon Taea
I
»».s
»»'•
10%
U»i« 10%
10% lOha
10%
11
10«?s
12
Wetf rh.
''!•
Sti'
'10
Frt.
7%
8S>(
8%
7^S
8
i
s'Ha
10
oiii:
MAltKET AND BALES.
The total sales and future deliveriee each day daring tha
week are indicated in the following statement. For tne convenience of the reader we also add a column which snows at S
3
glance how the market cloeed on same days.
Easy
»145 %.en,9» 474,300' I.168.e!6 4.319£46
T%
h4
9*is
9%
11
10
Qalet and steady
3,649
8%
9%
11
linigl2
Oood Ordlna
U^w
»»i«
8%
9%
1U%
8%
»»1«
9%
Vlb.
7»s
9»ig
11%
Sat.
tfood Ordinary
Bob Taea
7 •'a
10%
1U%
9lJulO)«
Low Mldd'g 10
10
10»,.
Str.L'wMld U>»i6 10S,g 10
lliSg |108w lOls
Middling... lOll
SoodMId.. 10»8 I0<^ lOT.g \0\
3cr.9'dMld lO'g lO'g lOllull
Mldd'g Fair 11*4
IIH llUia 11%
Mon
4.883
7^
8%
9»t«
!%
10
Sat
fOl
TEXAS.
Rlon Taea Sat.
?'«
49S,7ir;
9»0
1
7%
«77.«2t
830.196
106.984
778.480
147.Sk4
133.714
66.019
Sat.
8-.r.L'wMld!l03,,
Meddling... 1038
(iood Mld..llOi>8
46,801
•0,493
roku.
1.413
Norfolk
890.796
377,664 1.444.44*
4S3U7
.
turn.
None.
None.
None.
None.
None.
Nona.
Noae.
ricr'.da.
BaTAnn&h
^arleaton
WUmlnston..
Ooaal-
Rone.
Rod*.
Rone.
Rone.
Rone.
Roae.
8,400
None.
(»*lTe«ton
Total
fMllllf
OtUr
rOTn0H
None.
None.
None.
None.
None.
None.
100
None.
Niiue.
rotallSSS
rotallSSS
—
.r.
Beaver Straat.
«gS.M6 30,392 104.900
WMt PoinUAc
,
1.1888, Co Julu
ertat
MoMle
'
JMy
M
STAINED.
BxrmrUdto—
Bxyorltd to—
Qrtat
QalTeston ....
New Orlean>
Lambert.
520J,679 5398,672 4723,913 4805,767 5940,554
mm StvU
txvorU
/rom—
&
Fair
Galveston tnolndes Indlanola; Charleston Inolades Port Royal, AcWUmlnKton 1 aoludee Horeb'd City ,<fco.: West Point Inolades City Polnt.A c
The exports for the week ending this evening reach a tot«l
of 22,14.5 bales, of which l."),o97 were to Oreat Britain 2 ,200
to France and 4,28j to the rest of the Continent. Below art
the exports for the week and since September 1, 1888.
'
We
M
1.877
635
2.581 5.204.679
Total
1887.
696,787
781
Ind'nola,4u]
New Orleans.
aiock.
1885-b6.
Beeeipltlo
July 29.
In addition to shore export*, our t<>lr grams tn-nlghtahwgH*
th« following ninounis of rotton on nhiplKniril, not cli«r«d
at th.. porta nmned.
add similar flgurrs for New York.
which are prepsred for our special ose br llMars. Ckrey, YaU
lis
N«w York
587
West
fttol
Frt.
•••
•
Mobile
Florida
Obarleaton
Pt. Royal,
Tkurt.
147
(julet
.
Wed
»u-artj...
Tuure Unlet
Fn
lEasjr
rotal.|
« 3ia
,
deo,
W.
....
....
....
OF SrOT AMD TaAXSg.
tump uPfH
lU.
8S81 3T.6'J0
315 16O,>'0«
S.1H 99.4U0f
7681 80.S<O|
338
216
478
768
288
661
60 3.6881"^...!
....I
300
....
....
9M
83-< llMl.3001
....
sei.iiS.MM
400
2.7M|»8S,»00i
900
dallr deUverles given above are aewallr
.levton* to tkat on wblen Miht are renortMl.
~The
XMie-
"»««•
\
««l»T«ta«
The Sales and Pricks of FcTrRia are shown
ng comprehensive table.
tfea
iff
by the foDoW"-
!
—
:
w
.
THE CHRONICLE.
148
:
XLV.
[Vol.
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday eveninfr.
Bgures for to-night (July 29), we add the item of exports from
the United States, including in it the exports of Friday oniy.
Stock at Liverpool
Stock at London
.I)ale8
too
-1
MfcO
2
^Kt
CO
^p:
I
rf^Wdlt*p-cn
00
0:0:
eo
cote
ccto
sji;
I
o
Ski:
1
fcOKJ^^-
400
900
139.000
7,000
58,000
18.000
11.000
176.000
4,000
52,000
9,000
10,000
Total Continental stocks
331,300
299,700
342.400
5.000
59,000
32,000
200
cott'n afloat for
8>:
I
tOCoOCO
toojCco
M
OacD
COMOw
^^
en
CtfCJ<
©.«;
I
(ccDo^ tcco® "XOo^
Oh^
SI*
to
cDtoo®
^^tjOH*
CO
^?''
I
^*90'9
cbw^W
Total American
East Indian, Brazil, dtc.
Liverpool stock
Unidon stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &o., afloat
^90^
i^l^OlI^
MeO
o
Cnw
•"*
^^^3
pp
-3
1
»
V)^^
I
i^H-
^
2
@o:
I
to-©
ft!
I
Mto
2
^cj:
I
ooo*^ ooo^
^^Or^ KJWOtO
01
»
Qt
00
5
H-M 2
COOiw^
a
i^H
00
MK) 2
WAh^
^x;
^03."
o'-O'-o
WW^W
tOt^
O
t^to
cow^cb
ic^in.
ceo
cro
1
I
03
O-^J
[
pg
00
iti-w
^w
h-
2
E^~The imports
H
ceo
•-<
2
_tJI„
OlM
OS
*9^o'^
tt^l^O|ii
OtO o
00
15
(CO
kOrO
2
Co
2
"^
-.00.,
itfc
00
*^
00
5
00
coco
2
it-Cd
"^
cicc
oacn
2
"^
^"^
coo
cy-^
1^
Ot-"
a MO o
ao'
>fa
coo
COM
5^
00
00
5
0-0
^
-jca
"
'o>o
o
00
o*-'
•*
C CO
CO tU
Oo^
50
<lCfl
"^
top
^
ri-*.
2
H
CO*1
1
'
®r:
Oo*
ifi.^
cow
«(0
1
rf^lb
2
"^
00
if'*'
00
8
"^
7ri,000
1,000
1,000
769,700
436,400
417,700
990,S25 1,041.077 l,Oo 8.202
652,300
881,724
week have been.
.
.
1834.
Is
as
t
.2-
^t^oaSS o
ggSaSl^ U
g-rfo a-i BOX'S £»» d £,o » Ep
It-SB eiS-ew5»=g.SB5gg?
S
»
m
@,^
ooo»
00
'^
tht^
2
c>-o
3
oa
WW
O'OWIOP.
o
M
Ml^
II
1^:
:
OS
t-*
W^lOO»tOM*kMa)0
til
c;>Oi^
CiOi
!-•
wCJtC3J0)p*...li&
POit3|Ct0 01QDj^a3^pa3P--»OK3itO*xT-'Qicy.to'*, MCo'xlotOH-V-.V. x'ooou'
ooCco
cji
00
<
CJic;i
CCCJ»
®r
coo
I
0<ffiCcJi
cT' cJt
~1(0
^1
e**-:
ooo
O
•-?
*{ "^
CJi
O*' Cfl
c:
I
I
I
I
I
I:
I
I:
I
OD 3i .-
to
COfcO"
»
UIWPIO-J.
(C009
en M O -g
O to
I
OitO
'
..- ,*-
'
to;
cn,^wpp.
I
o:M'
w
O'to'
,6.
m V] <3 C O Hi
coro^tf-ppoDOo
I:
:
.
161, oro
21,000
Ar THE INTKBIOE TOWNS the movement that is the receipfg
for the week and since Sept. 1, the shipm^ents for the week, and
the stocks to-night, and the same items for the corresponding
period of 1885-86— is set out in detail in the following statement.
05
o
16-.!,000
3.6,000
64,000
190,700
169.000
20,000
olcn<Ic»WCjCsaDi)ixtocc£oipaovi-:iP
;
S
"^
OOo«
00
215.000
28,000
114,400
into Continental ports this
s)m:
CJio'iC
*1
I
o<2
^
a
00?
tcCco
O
toto
ui*-
170,000
17,000
98.700
figures indicate an increase in the cotton in sight
to-night of 75,969 bales as comptred with the same date of
1886, an increase of 36,547 bales as compared with the corresponding date of 1885 and a decrease of 313,878 bales as
2
^
*1
to
00 5
coco
2
990,325 1,041,077 1,053,202
o
1
CO
861.724
272.000
3l,0D0
166 300
—
00
6,w;
OOc® OOo^
o
1,450
The above
®y:
2
^
2,367
20,000
213,769
13,433
4,000
—
oxc9 OOqO ooox
towOii
OM 00 noos o cocn
ooo^ ecooo oo?o ooco oor"^ ®®o^
tctoOto cii*l*^w ii.tflOw cicc'^co.cccuOco o"rJ>Oc;«
CO
1,000
214,185
18,142
18,000 bales.
compared with
to to
^.":
*» or
toto
i^to
-go
00
tiicCto
rj
OtO
00
ooo® ^^59
fcOloOti tiwOtO
CO 10
Mioo^Or- O
to
fcoKi
:co
0-x>o;o
I
1.000
231,767
52,191
1,514.024 1,438.025 1,477.477 1.827,902
Total visible supply
6^d.
t>'^&.
59,, d.
56i,d.
PriceMld.Upl.. Liverpool ....
,
IQiao.
ll'ieo
Il.3,fc0.
PriceMid.Upl.. New York....
9i80-
I
o OOc®
OXc®
1
op
2
^i»:
"
I
^ CO „
00
o^
too
WK>
21.504
3.162
Total East India, &c
Total American
fa
to
CI
eofoo® eooc^ cooo^ cocco® cooqO
M^IOm tocwOtO CCCOOcJ KitiOtO Ml^OlJ
OKI V HtO ^ K)M O OOcq^J *JCO <1
ceo
192.0.'J8
6)m:
^.'^:
I
1
446,700
—
>^.
Sip:
1
1 ,000
912,700 1,121,400 1.351.700
169,000
78,000
161,000
51.000
43,000
74,000
45,000
21.000
Eur'pe
900
3,300
S20,000
6,000
70,000
12,000
1.5U.O-'4 1.43S.925 1,477,477 1.827,902
Total visible supply
01 tlie above, the totals of American and other descriptions are as follows
Amci'icmi
^
515,000
426,000 536,000
bales 405.000
Liverpool stock
201,000 22s,0OO 256,000
195,000
Continental stoeks
51.000
43,000
74,000
45,000
American afloat for Europe...
213.769
234.7ti7
214,485
192,038
United States stock
18,133
1-',142
52.191
21,504
UnitedStdteslnteriorstocks..
4,000
l,4o0
3,16i
2,367
United States exports to-day..
M
I
OOo® ®^c®
JiWCoi
(OOto"
h-h^OH
^a:
I
(COCO
tow®w
otti.
o
OCoO cooo o
400
1,800
64,00''
1.100
215.000
3.000
39,000
5,000
12,000
Egypt, Brazll,&o.,afltforE'r'pe
Stock in United estates ports..
Stock in U. 8. interior towna..
United States exports to-day
CDOgtO COoO OOoO
CDmO^O MW'^tO MtcOto
905,000
6,200
69,300
43.000
708,000
Total European stocks. ...1,069.300
162,000
India cot ton afloat tor Europe
to
613,000
2,500
38.000
24,000
779,000
4.100
41,000
4i.000
IHU6.
69fi,0O0
Total Oreat Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Amer.
V
1884.„
841,002
17.000
1885.
751.000
28,000
1887.
677,000
31.000
CO
Inclnaes sales in September, 1886, lor September, 42,900; 8ept«ni
*>er-October, for October. 287.200.; September-November, lor November,
441,700; September-December, for December, 765,100; SeptemberJanuary, for January, 1,1)85,900; September-Febmai y, for Fehruary
1,282,400; Sei tomb* r-M arch, for March, '2,106,800; September-April
tor April, 1.628.900; September-May, for May, 2,005,900; Eepttmber
Juue, for June, 2.553,200.
Car We have Included in the abnye table, and shall continue
weeK to give, the average price of futures each day for each month,each
ll
will be found under eacli day following the abbreviation " Aver " The
average for each month for the weeli is also given at bottom of table.
•.Transferable Orders-Saturday. lo-25o. Monday, 10-25c.: Tuesday.
10-20C.; Wednesday, 10-26c.; Thursday, 10-25o.; Friday, 995o.
M 01 QO C CO OS
01
OlMOiMMtO'—
co"-*jo*^«co
w
3>
M OC Oi CB
M
C- CO Ci M u> ^ to
'^'
OD <I CO Ci 01 -' *.
^oitoco; o:^-
o:;
ooos<
I
tO U'
W k; 00
O
CX3
tC *& .^ -O fO
.
Oi ti
CJ«
OD Ol
Si
p_o o;^_f- OJycooc'X(fh0^f*o;co^l-^^^
<lOi coVioVj'tocc tO*;D H-Vr-^ ic'»uoi o'-i
OOlQO-JOlXCO-CCrfi.-qCOSW'JKlCOf-'
Ct-oi^iyfaDyKiecocnQOo; *k-^<lOCD<l
4«a
tcci
O-. OS
cnooi
.
.
.
H
1
w;
;
.
-^j.
.
CO N3 to 0: 0"^
00
OQ ^<
C
O
O
tpk
?r53
c/<
;
Kg
The foUowing exchanges have been made during the week
-74 pd. to exch. 800 Oct. for Ane.
-21 pd. to exch. 1,000 Oct. for May
21 pd. to exch. 6oO Dto. rir Apr.
•05 pd. to exch. 100 Aug. for no
-17 pd.
„ - to exch. 200 Oct. for Sept.
Even 100 Oct. for Jan.
•03 pd. to exch. 200 Deo. for Jan.
notice.
-' CO 10
«• c;>
*
The
:;i
^ 01 K)
CO o X
•
figures for Louisville in both yrt«r<
The above
totals
ah iw cut
The Visible Supply of Cotton to-night, as made up by oablt decreased during the weHk
aJQd telegraph, is be follows. The Continental stocks, as well as
•those for Great Britain and the afloat, are this week's
returns,
1
tnan at the sa-n.
the same towns have bu>^.
Dales less
C
CC^IMOS"^ Kl COS'
Cjt5ir>-.fcj
OK' 'J to;
QOtcQ : Cfl xizCD^O'
int:
358
yi
•>
i
6. i3'J
«,'i>
o
mh..
'i
I
K. .n
'
'
i
itiie»
- h"
» i;
e
.
CO
o O
"-•
OP
<y«
si-
,*
iaKViqr srocks have
.t i,|
«-i;
-'jr
iro «> uiitht J0,C37
.-vu
less
.lit
cnau
recdipta at
tiie
samei
.
July
THE CHRONICLE
80, 1887.]
week
last year, and sinco September 1 the reoeiptii at all the
towus are 71.337 baloa lens than for the same time in 1886-88.
QaOTATIONS POU MIDDLINO COTTON AT OTHKR MaHKETB.-
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton marlcets for each
day of the past weeK,
OLOSIMO 4U0TATI01IS rOB MIDDUIIO OOITOR
Wttk ending
July 29.
Galveston
Hew
Salur.
9%
9^
...
Urleani.
9'»
Mobllt!
Tua.
Jfon.
9«
OH
90»
9'8
»»!«
B'8
Wedtut.
9»8
9»i«
9^8
/w.
9>a
0^
10
10
noiu.
IU>4
10>s
10>4
lO"*
Norfolk
10«4
lUii
11
lO'e
10>i
IOV4
10>4
10I4
10 >•
10>i
9'b
10>4
10>«
10>«
IOI9
11
lO'a
10!^
11
lO'e
10»B
11
lOTg
104i
1088
10>fl
10
10
10
»'8
10<^
1008
10ii«
lOOg
10:'8
lOV
10%
109|9
..
Boston
Bikltlmore....
PhlliKlelplUa.
AQfClIStft
lOM
10>4
10>a
....
10%
I. Mils.....
01n>.'.unatl...
9'8
8'8
10<>8
10>8
1038
Mpiniihls
Bt
LoalpvUle....
fl'8
lOH
averaged 85, the high, rc being 10-1 and the lowest 70.
Sren/iam, rexo*.— Beneficial ralaa have faUen on »»»
dajl of the week, but more moisture la needed to eoauxe ^
magnificent ^eld. The rdinfall reached fifty- five hundredttw
of an inch. The thermometer has averaged 86.
ransioK
'VM^
o a >»«—«
69 to
908
10
OIiHrleiiton .
WllniliiKton..
Bavauii&h.
9\
lOk
10V»
10>4
10\
lo'e
lOlB
10
9 'a
105, averaging 86.
Weatherford, Texas.— We have had dry weather all tiM»
week. This lection wouH be benefitted by rain, xlihoagb
9\
Rkcbipts from the Plantations.— The following table
indi^tes the actual movement each week from the plantatiodfs.
The figures do not include overland receipts noi
Southern conaumption; they are simply a statement 0/ the
weekly movement from the plantations of that part of the cro;
which finally reaches the market through the outporta.
WMk
\8nat InUrtor lbmu.\li4c'vti from
IttctipU at tlu Port*,
1
Jane
24
July 1
"
*
"
"
15
«2
29
••
1888.
1887.
1
1885.
8.185
1.648
a.8«»
14.383
13.510
1,978
2,1«4
9.4;S
8,744*
8.296'
2,5M
9,W30
2.581! 20.578
88,918
8,598 33,61«
1.281* 28.711
4,800 23.591
H,3tt4
12.094
2-i.»l
1
1888.
|
9rf.83a
80.(194
77,Hi!l
8,227
64.810
1887.
1886.
46,238
41,008
38,253
Ptanf'x,
1886.
... *.
33.t-48
1897.
6.781
1,523
»J^',»
218
8,861
87
2tf,lftS
903
1<,327
57.828' 27.937
8<»a
i.STfl
195
1,330
The above statement snows — 1. That the
total receipts from
the plantations since September 1, 1886, are 5.184,.550 balec:
in 1885-86 were 5.340,443 bales; in 1884-85 were 4,727,376 bales.
3. That, although the receipts at the outports the past week
were 3.o3l bales, the actual movement from plantations wat
only 1,330 bales, the balance being taken from the stocks athe interior towns. Last year the receipts from the plantations
for the same
860 bales.
week were
1,876 bales
crops are not sutfering much, in spile of the exoeasive hrat.
Average thermometer 83. highest 105, lowest 62.
New Orleans, LmtUiana
have had rain on five day»
of the week, the rainfall reaching forty-two hundredths of
•»
inch. The therinompter has averaged 83.
Shreveport, Ijouisinnn —'RMnfaW tor the week one incb
—We
and
thirtv-uii.e hundredths. The thermometer baa aTeraged
ranging from 69 to 09.
Columbus, aHMiissippi.—\i has rained rn one day of th»
week, tho ra-nfall retching twenty-four hundredths Of an
inch. The thermometer has ranged Irotn 64 to 03, averaging
83,
Mndlnt1886.
•
101,
Belton, Texas.— There has been one refreahing thowMr
during the week, but not enough to do any real good.
aaS
more rain is badly needed. Tne rainfall reached ton htu^
dredths of an inch. The thermometer ha* raoged from 70
to
10 >•
11
lOTg
m
Wi
Tkurt.
9V
)
Cutro, Texat.-Qood raioa have fallen on thrM darw
o( tb*
week and crop proepecU are rt»tt«ring. The ralafaU rnto
aeventy-two hundredth* of an loch. Tho thermomatw
ImT
OH—
Sl'«
and squares has takea pltofc
from 72 t 100, nveragtnK 80.
Columbia, Tex<u.-\Uin hwi fulLm on thriw day*
of lh»
week, the rainfall rea.-hing twenty. four h-iiMlr»dlfi«
lA
inch. This 8 ction i« gre»tly btoMed and
the vi.ld prom Imm
{o^^l^^g^f'ordinary.
Aftnp> thermonMtw A, hlgtMM W;
and for 1885 they were
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 apinuera to the same date, so as to give
substantially the amount of cotton now in sight.
Leland, Mi.tsisiHppi.-We have had rain on three daya ot
the week, the rainfall reaching one inch and thirteen himdr«dth.<!.
Average theimometer 77 6, hi^lieht 89, lowest 69.
StreenviUe, JUusUxippt. Telegram not recived.
Clarksdnle, Missinsippi. All crops are splendid.
Rain
has fallen on three days of the week to the extent of oii»
inch and fifty -six hundredths. The thermometer iiaa ranged
from 66 to 94.
Vicksburff, Mississippi.— \l has been showery on two day»
of the week, tho rainfall reaching i-ixt;-eight hun:iredtb»
of an inch. Average ttermometer 80, hit(hest 1U3 and loweet 60.
tiloster, Missisnippi.
Dry wf»ther all the week. The thermometer has rang d from 71 to 93.
—
—
—
Helena, Arkansas.— Cotton b in fine condition, and com
SB good as ever known. Tliere h«vrt b?en two showers her»
during the wtek, but in the vicinity rains have b en hearr.
The rainfall reached thirty-s-'ven hunlrrdths of an inch. Tn»
thermometer has rang' d from 69 to 93, averaging 81.
Meinpltis, Teniivisee. There h 've been light r.iins here on
three daya of he week, but heavier in the immidiite neighbor ho d. The rainfall reached i-ixty-one hundrtdths of an
incb. Crop prospects are magnificent. Average tbermom»i^
—
I
188«-87.
1885-38.
1
1884-85.
1883-84.
ReoeiptB at the ports to July 29 5,201,679 5,298.672 4,723,913 4,805 767
Interior stocks on July ^9 in
*aO,l23
excess of September 1
41.776
3 363
•26,849
Tot. rocplpts from planta'tns 5,184..55fi 5,310,448 1,727,276 4,778,918
78i,062 81H,55!J 605,.^U0 &73,b05
Wet ovp.rlaurt to July 1
378.t00 300.0JU 261,000 292,0uc
Boatlieru uonsumpt'n to July 1
Iota! In sight July 29
6,345,618 6,457,000 5,593,812 5,641.523
Northern spinners' takings to
July 20
1.601,022 1,744,2(51 1,319.688 1.535.261
*
Decrease from Sept«ralmr
win
1.
the above that the deoreuso In
amount in 8li?ht tonlsht, a» coiniiareil with last yi^ar, la 111,3S8 bales, tae Increase as
coinpar. d with 1881-S5 is 761,776 bale.'!, and the lacreaae over 1B8:;-31
It
lie
l8 7ol,ULi.')
spon
liy
baka.
Weather Reports by Telegraph.— Our reports by
are complaints of too mucn rain, while in sections of Central
Texas it is stated that rain is much needed.
(falventon, Texas.
have had rain on three days of the
week, the rainfall reaching twenty-flve hundredths of an
inch.
Included in tbid week's receipts are two hundred and
— We
new cotton. The thermometer has averaged 83,
ranging from 67 to 93.
PalexHne, I'exaa, Prospects continue gooi. No rain has
fallen all the week.
The thermometer has ranged from 63 to
100, averaging 82.
Uuntsville, Texas
Crops are in eatlsfactory condition.
Rain has fallen on one day of the week to the extent of
thirty hundredths of an inch. Average thermometer 85, highthirty bales
—
—
and lowest 09.
Dalian, Texas. The outloak is as fine as ever. The weather
has been dry all the week. The thermometer has aveiaged
86, the highest being 100 and the lowest 73.
Austin, Texas.— There has been no rain all the month and
crops are now aufferiag greatly. Unless rain com s soon the
yield will be cut short in this section. The thermometer has
averaged 86, ranging from 71 to 103.
Luling, Texui. Rufreabiog anowers have fallen on one
day of the week, but more rain is required. The rainfall
reached sixty bundredtlis of an inch.
The hot sun and
drought has caused cotton to open rapidly, and picking has
commenced on some farms. Considerable shedding of boUs
—
—
— We
hucdndths. The thermometer has averaged
beiuii 92 and the lowest 66.
79,
the highest-
Mobile, Alabama.— Cro'^ are excellent.
It has been
showery on six days of the week, the rainfall reaching oneinch and eleven hui dre Uhs. The thermumeter has averaged
81, ranging from 70 to 05.
Montgomery, Alabama.— 'Heavy rains on three days of th»
week did coneideranle dama>;e to corn and si>me to c itton^
but the weather is clear and warm again. Theiainfall reached
two inches and eighiy-one hundredths. The thermometer haftranged from 70 to 93, aver.iging 77.
Selma, Alabama. We have had rain on five days of th»
week, the minfall reachirg two incites and sevemyeight han>
dreoths. Average thermometer 73, highest 88 aud lowest 79_
Auburn, Alabama. T legram not received.
Madison, Florida. Telegram not rf ceived.
Macon, Oeorgia.— It has rallied heavily on four days of theweek and is still raining. Crop accounts itru lees favortble.
Columbus, ff eargi a. We have had rain on four days of
the week. The thermometer has ranged from 7i to 87, aver-
—
tele-
?raph to-uight indicate that in gt-neral the wetther h.is been
avoralile at the South during the week and that the crop
condition is good; but from a few points on the Atlantic there
est 103
ter 80, highest 93, lowest 69.
Nashville, Ttnne.isee.
have had rain on five days ot
the week, the rainfall reaching one inch and ninety-tbre»
—
—
—
aging
76.
Savannah, Oeorgia. — It has rained on two days of the?
week, the rainfall reaching sixteen hundredths of an iLCb.
Average thermometer 81. highest 93 anl lowest 70.
—
Augusta, tieorgia. There have been general rains on four
daya of the week, the rainfall reaching aixty-eight bun die dtti»
of an inch. The crop is developing finely; accounts are g ov d.
aaA
The thermometer haa averaged 80, the highest being
the lowest 71.
Atlanta, Georgia.— It has rained on four diys of the week
and is siill raining. We are having too much. The rainfalk
reached six inches and sixteen hundredths. Taethermoa^eler has averaged 77, ranging f ram 70 to 88.
Albany, tfwrf/irt.— The cooler and wet weather will preTcnS
cotton from opening as early as expected. Crop accounts ax^
l{ai"n has fallen on four dajs of the week laless favorable.
the depth of three inchfS and nineteen hundredth*, and •»
Btill raining.
The thermometer has ranged from 76 to Bfe
averaging 83.
Charleston, South Carolina.— We have had rain on thre*
days of the week, the rainfall reaching one Inch »nd flW
hundredths. Average thermometer 83, nlgh« st 99, lowest T<V-.
W
J^
THE CHRONICLE.
160
Columbia, South Carolina.— We have bad rain on
the week, the
rainfall
_
I
Shirtings.
Ootfn
Mid.
Upldi
8I4 lb».
Shirtings.
Mid. 32« Cm,.
^'*'Uplds
lb».
i
;
South CaroUnd.— There havebeea lightramson
i:,a.K<,.Arg,
Icui dhjs of the week, the rainfall reaching twenty-four bundwdths of an inch. More riin is needed and there are proshear complaints of
'pects to-day of a heavy shower.
We
shedding.
The thermometer has averaged 791, ranging from
7ito93.
,
,
.
Wilson, North Carolina.— It has rained on three days of
^he week, the rainfall reaching one inch and thirteen hun-dradths. The thermometer has ranged from 76 to 95, aver4iglDg 86.
The following statement we have also received by telegraph,
cihowing the height of the rivers at the points named at 3 o'clock
July
28, 1887,
and July
d.
J'ne24
July 1
'•
8
" 15
" 22
" 29
738
73g
d.
38
as
% as
7S8
738
as
as
714 a7Hiig
d.
8.
d.
d.
d.
8I3S6 lois
8Ja»6 10'a
578
8'fl>6 10^2
8'aa6 10is
8ia»6 10»s
8 «6 10
S'S
51i>16
I
7
7
7
7
6
«6
06
*6
06
»7»a
U
'»6
5% 7J«
5lli6 7
59i6 l7
Inch.
8
Feet.
.........Above low- water mark.
.SCemphls......... ....Above low-water mark.
a
8
low-water mark.
...Above low-water mark.
....Above
low-w ater mark
Vlok«burg........
5
5
9
10
3
6
2
8
14
7
2
8
8
IHDIA Cotton Movbjiknt fbom ai-l Pobtb.— The receipts
shipments of cotton at Bombay have been as follows for
4he week and year, bringing the figures down to July 38.
BOMBAT SB0EIPT8 AXO SHIPMENTS FOB FOUB TBAB8.
mad
1887
3886
2,000
1884
Shipments Since Jan.
this week.
Oreat
Total. Britain
Continent.
Receipts.
1.
This
Week.
Total.
i'.oijo
Tear.
8,000 1,431,000
9,000 1,330,000
2,000 973,000
4,000 1,513,000
4,000 355,000 643.0OC 998,000
5.000 301,000 627,000 923,000
209.000 455,000 664,000
5,000 6,0001477,000 589,000 1,066,000
2,000
5,000
.1885
According to the foregoing, Bombay appears to show a
^hereane compared with last year in the week's receipts
of 1,000 bales, and a decrease in shipments of 1,000 bales, and
ithe shipments since Jan. 1 show an increase of 70,000 bales.
The movement
at Calcutta, Madras and other India ports foi
'the last reported week and since the Ist of January, for two
years, has been as follows,
"Other ports" cover Ceylon,
'Tuticorin. Kurrachee and Coconada,
Shipmtmts for
Oreat
Britain.
dalontta—
1887
1886
Ofadra*1887
1886
Shipmen ts tince Jarluary
Ih^week.
Oontir
nent.
Articles,
and Countries to which
OotUinent.
Month ending June
1.
3,000
3,000
2,000
93,000
66,500
116,000
34,000
214,000
90,500
3,000
2,000
2,000
4,000
2,000
13,000
5,000
3,000
60J
16,000
8,500
7,000
3,000
10,000
32,000
20,000
19,000
12,000
51,000
32,000
9,000
4,000
8,000
17,000
4,000
143,000
81,500
13?,000
46,500
281,000
128,COO
2,000
1887
The above totals for the week show that the movement from
4he ports Other than Bombay is 13,000 bales more than the same
week last year, For the whole of India, therefore, the total
shipments since January 1, 1887, and for the correspondinj?
.fenods of the two previous years, are as follows:
BXFOBTS TO BITBOPB FBOM ALL INDIA.
1887.
1886.
all
Europe
from—
ThU
Thi>
week.
Jan.
4,000
17,000
998,000
281,000
>Sombay
-.11 other porta.
Total
Since
Since
teeek.
1.
2: ,000 1.279,000
5,000
4,000
Jan.
1.
Thti
Keek.
ending June 3i3
1887.
Cotton, manufactures
QuantitiesColored and uncolored
Great Britain and Ireland
Other countries In Earope
—
—
yards
129,,')82
371,7a9
80,995
790,352
64,i;B0
2,084,1*71
137,412
1,415,899
British Honduras
West indies
738.101
1,351,556
1,154,245
Argentine Republic
54U,l)71
North America
Britlsb
Mexico
Centra] American States and
Brazil
United States of Colombia.
Other countries in 3. America
China
Other countries in Asia and
OcAanica
.
Africa
Other countries
Totil yards of above..
Total values of above.
62H.498
463,837
2,7H3,i<77
8,953,500
381.159
38.947
109,950
78,'ci59,776
North America
73,327,779
7,693,732! 11,497,592
2,'i37,377
7,977,203
380,801
4,930,100;
t
Mexico
Honduras
822,930
11,178,887
5,782.947
tl,277,048 113,280,238 (112,380,281
t-oeOB
0648
10639
22,543
4.582
West
393,2.J9
1,448.242
10,121,604
„l
6,826,983'
5,755,807
18.376,772' 17.831,335
l-i,419,8fl9
5,4o0.5I3
8,135,367
6,974,504
5,79i,411
4,873,893
27,076,474 18,(127,889
21,059,638 204,601.487 193,841,353
Vnlucs—
Other manufactnres of:
Great Britain and Ireland
Germ Any
France
Otber countries in Europe
&
894,312
437.3B9
$87b,457
$0632
Central America i States
764,817
8,990,488 12,046,748
4,120,«29
4,040,881
1,589,370
1,046,677
12,352,223] 15,408,394
13,881,323
Value peryard
British
1886.
of—
t
14,707
316
780
300,960
30.538
365
e")2
1,300
12,738
38,588
10,495
38,99;
4,038
505,120
110,605
4,227
6,734
8,948
: 8,471
31,344
1,031
3,012
2,829
B,8a7
35,278
273,057
25,637
12,780
12,062
587,475
90,427
British
Indies
United States of Colomlila
Oth^r countries in So. Ametica
Asi I a-id Oceaalca
Africa
9ii
31
0,219
9.370
31,560
88,313
121,804
74,768
286,119
3,610
92,831
117,.146
1,069,084
1,679,873
1,894.4941 14,929.342
13,859,934
23,122
70,3'i9
i
76,635
91,637
259,447
1,868
56,377
Total value of other mana^aotures of
140,802
Aggregate value of all cotton goods
1.015,059
Egyptian Cotton Crop.— Our correspondent
at Alexanunder date of July 9, sends the following report
of the General Produce Association of Alexandria, which we
have translated, and give below.
Alexandria General Produce Association (Cotton Section;.—
The f oUowlQg 18 a summary of the replies received by us in June
dria, writing
1887:
BiMra,—yre> have received satisfactory word from B6h6ra. The cotton
plants are iu a prosperous ondltion; tliiugh in toe localities which
suffered from the storms in May we And the plant backward, and heiir
complaints of cold nights which to a certain decree hinder the progress
of vegetation. The water supply .though generally considered sufficient,
has been smaller than mual, and it has been necess iry to distribute it
sparingly. Several districts where water has ordinarily been very
plenty have been suppliecVon only twenty days in the month. Other
districts less well situated could be watered only at pretty long intervals and then with diffloulty. The cotton worm has made its appearance
small numbers everywhere, but the damage done by it is so tar
insignificant. There have always, however, been some worms in June,
and it is only later, In July and August, that their ravages are to be
m
18S5
Siipmenti
SO, 13 mos.
1888.
I
Total.
'SMalaU—
.1886
50,
Exported.
Other countries
Oreat
Britain.
Total.
-All others-
1887
1886
5^18
:
Inch.
Feet.
4
SfaaliTllle.... ......... Above
<SIiieveport...
ContiSriPn. nent,
6
6
29, 1886.
aiew Orleans
^ear ertat
»7S8
d.
519
3S,8
the fiscal year, with like figures for the corresponding periods
of the previous fiscal year, and give them below
1887.
SMpmenU
d.
d.
7% «758
7^ ©758
7% »7»8
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
exports of domestic cotton manufactures for June, and for
July2B,'87. July 29, '86
lio
Since
Jan. 1.
928,000
128,000
200
664,000
122,800
9,000J1.05d,0J0
2001
786,800
feared.
OharkUh.—Tn this province the inhabitants are almost everywhere
congratulating themselves on the propitious temperature and thae fine
stale of the crops. Water has been sufflclent during Juno, and even
abundant in some places. Compliilnts are made of the existence of
worms. They appeared llrst in the lieids of bersim (clover) and thence
spread into the neighboring cotton fields. So lar they have done Uttle
AUEZANDBIA REOEIPT8 AND SHIPMENTS.—Through arrange- damage to speak oi.
Vakahliih.—The news
<fiient6 we have made with Messrs. Davies, Benachi Sc
Oo. of erally vigorous and
Liverpool and Alexandria, we now receive a weekly cable
of
the movements of cotton at Alexandria, Egypt, The foUowina
•»re the receipts and shipments for the past week
and for the
oonreeponding week of the previous two years
Alexawlrut, Jigypt,
July 27.
•Secelpta (cantara*)—
This week
Since Sept. 1
1886-87.
To Contlneut.
Total Europe
A eantar 1« 98
2,923ioo6
Since
1884-85.
3,613*.6oo
1.
TlUt
Since
week. Sept. 1.
2,000 259,000
150,000
231,000
174,000
299,000
201,000
2,000 409,000
405,000
SOO.onn
week. Sept.
«xport« (bales)—
To Liverpool
1886-86.
2,916"6o6
Tlii$
•
I
1886.
„_
Oott'n
8H
32« Cop.
Twiat.
,
[Vol. XLV.S
1887.
five
reaching seventy -four hunOreilisofan inch. The thermometer has averaged 79, the
Jiip fc-t ting 94 and the lowest 71.
^ye of
«
.
:
.
ThU
Since
week.
Sept. 1.
lbs.
'<" the week ending
jJ^''^S^''**'''*"'l*'^**''r^'P*«
*"**"' ""^ **•* Bhipments to aU Europl
1,^ Ua^
».^m!?]^?™»*^^'™'T°^'«p«'* received bv cable to-niuht
'^J" J^*'''*'*^^*««"'attli^niwketi« quiet'for both ^?n8
from this province Is good. The crops are genfiourishing.
There are some complaints, as in
Eeufira, ot cold nights, whith have hindered to a certain extent the
development of cotton ou those fields which suffered from the rains in
May. In some places there is only water suffljlent, in other places it
is
abundant.
This province makes precisely the same report about
Charki&h.
worms as do Beh^ra and
OaliouhiiK—.A\l our Galioubl6h correspondents, with one exception,
are unanimously of the opinion that the cotton crops every where present
the very best appearance.
The exception is in regard to Chiblu-ElKanater, whence we have received letters, which, though afflrming the
good condition of the cotton plants, ftate that their develoiunent 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 iting machines. Although this means of procuring water
may be more expensive in this province than in the rest of Lower
Egypt, the comiJlalnts of a scarcity of water, which we previously
noted there, have ceased to be heaid, and we are permitted to say that
the 8ui)ply of water in Juue has been more abundant than at tho
same time last year. Concerning worms we have received the same
intelligence as from the provinces abofe.
Garbiih.-OaT advices from this important province are as a whole
very satisfactory. The temperature has been favorable and the development of the plants goods. In a tew rti-tricts, however, espeolally
those in the northern part, fields which were late in being sowed, or
which were subject to the storms of Mty, are not so far advanced as
they ought to be at this season. Water has, with a few exceptions,
been treely distributed during June in this province. Worms have
appeared In a numl>er of districts, and seemed to have spared for the
lime bbitg several others. The injury done by them is, as always at
this season, of little account.
We have, however, just received a
letter from -Mit-Biia, by which we are sorry to leim that the worms
nave spread in great numbers In all the plantations of that district.
.
THE CHRONICLE.
JtJLT 80, 1887.]
irrtioii/fM. -
Ws have «xo«U<(nt imwn
tln' ilinfl(>|ini«iit
of
Irom
whirli hivvo iiii't Willi nii ilrnw
fnrwunl In lliilr Kniwili liy m rnvuriililo
KOiiciHlly milllcli-nt.
1 lidro nru many lomwliloli Imvo upiwarrd ulmoiit ovniy where. Tli« Inlurr
Iibii'I>«I
Id
"
tlioni In wlliflit.
161
'
t)i« rottoii iilimt*.
I'liikN iiiul havi! lifeii
toiiipiTBlun'.
UhKif
pluluiR of wornm,
from thin prnTloiit imiM^rnlPs
.
:
:
•
Mine day of tba moath in 18M. W* add to Um taM*
the peroentagM of total port rao-lou wnioo had ow,.-.
fa,;rmi
to July 30 in each of the yen nami>il.
to tbe
.
'
Smpniia Niira.—Tha ezporta at oottoa fron the United
Fayoum.—r\w iiilvUws from thin pnivlnoe rnntlniiA vory fkvurable
Tho i-io|iH
iiroKiiMlnK. wntor la plenty, and wormii are unknown
'**** *^*nta». nave nacaa«
'^^uTT''*
EvorylliliiK icad't mh to ihink tbe harvwt will b« lurKit.
balm.
90.472 5^?
Ho far a«!J*L***t^
the Soatbarn porta are eoooanMHl, ttaeaa
Uitjirr Kuyiii.—Vi'e Ti'tcTit that we liave reoelrrd noadrlcoa from
Upper are the same exporte reported by toletrraph, and publUHwl
Egypt, uiul lirnox ounnnt now apeak of It.
in
Oentral (J6«rrru/ii)?i«.--Wo take plcanare In MTlnK that moat of tli«
"^ FrWay. With r^Kiu-'l to Now Yr«-k we
newK olilnlniid by im concerning the condition of the cotton orop con- H*J?^J"°"
iQOtade the manifeata of all TcaMla cleared up to Thundaf
tlnnrn fHvornblc. Almost OTcrywhrre the plants pn>B«nt nn
S^
iir.'
cxcellont
mid are of good «l7A Water, exuept In Bih«ra, whnre tliKre
arc coni)>luinti« of a aoarlty of It. Is almoat everywhere suffl. lent or
abiiniliiiit HccordInK to the locality. The onlv sliadow In tba pnisprct
Is canBcd by tli« alniont Kenrrol appearance of worms In lA)w«r Eitypt
The Injury from t licni 1» always Inalfrnltloant at this time of the leor,
oat there are foars for the fntnre. f<ir if the worms ahonld multiply
neatly In July and AuRuat when tbe plan's are flowering and forming
Vbe bloom and boll, w« would have to report a sensible diminution of
the harvi-i.t. Kew en'orto are made to (lijht them. Tlie Minister of
Public Inatmotion lia» bad tbe kindness to semi na a hundred pamphlets
explatniiigtbe nietliode wblob .Mr. SlokenbcrKer advlaea fc.r ifettlnn rid
Of tbUpeal. iiud we have dlnirlbuted them to our correaiHUidenta, a few
Of whom lnfornie<l uh that tbey Intend to n)ake use of the method. The
sonority, however, who mean to do anything for tbe preai rvatlon of
their crops, will proceed by alripplne off the leaves on which the worms
Mid their vgug are uatbercd. Wo reRiet to say that nearly all the native
IJriuers, and tbey iiro In the minority, continue, as of old. to do nothing.
The oniclBl data of the amount of land cultivated this year with cotton
l8 not in our poeseeslon.
We will make haste to publish them when they'
apiwxirnncc'
Maw Tp>R--Tb Urerpool, per
steamer* Anehorla. 443. ...air
of Richmond, 889....Etruria, 484....0nnnanle, 1,798
...
Henwhel. 2,817.... Italy, 3.101.... Wromlng, 1,200 .
To Havre, per steamer Im Hourgogne, 2,260
To Rambarg. per Ktaamer Moravia, BOO
To Antwerp, per steamer Pennlaod, 760.
To Barcelona, per steamer Powhattan.
To Halifax, pertteamer Portia, luo
Naw ORLBAN8—To Uverpool, per steamer Astrooomer,
'..'.'.'..'.'.
M
....Costa Klcao, 8,160
U
.„.,
Tot»>
90,47a
particulars of these shipmenta, arranged in our oanal
form, are as follows
Liverpool. Havre.
Hew Tork
Comparative port Bbobipts and Daily Crop Movbmkht.
—A comparison of the port movement by weeks is not
accurate,
the weeks in different years do not end on the same day of
1.'.".'.'.
The
reacli ua.
ALiixANDRiA, June 30, 1887.
8JMI1
.
BOBPOK—To LIvorhiKiol, per steamer Iowa, 81
To Halifax, per steamer Carroll, 200
$,510
N.Orleans
Boston
2,260
iln<*oera.
Hamb.
800
Bores- Balitona.
/am.
750
6,691
IWafc
luO 13JHW
50
6,691
81
Total
300
800
16,312 2,260
760
BO
381
300 20,472
We have consequently added to our other standing
the month.
Below we add tbe clearances this week of vessels carrying
tables a daily and monthly statement, that the reader may cotton from United
States porta, bringing our data down to
constantly have before him the data for seeing the exact relative the latest dates:
movement for the years named. The movement since
Nbw OHLBAMS-For Uverpool—July 32—Bteamer SUtesman, 1,691....
September 1, 1886, and m previous years, has been as follows.
July 24— Stxaraers Oallfomlan, 1,850
Puerto Rlaaeoo. 1.818.
BOSTOK- For St. John, N. B.-^uly 21-8teamer New York, 41.
Tear Beginning September
JtonOUy
1885
1886.
Soiit'mb'r
Oetober
359,203
l,034,4.'i0
Kovemb'r 1,169,979
Deoemb'r 1,161,886
Jaonary
611,681
Kebmary
aroh...
Aviil....
MV
Jdae.
1.
1882.
1881.
326,656
980,584
429,777
853,195
974,043
998.807
487,727
291,992
257,099
147,595
113,573
68,679
1,094,697
1,112,536
752,827
'
404,272
258,332
89,186
47,426
17,648
596,59>482,77-J
284.519
185,523
78,504
Cotton freights the past week have been aa follows
Hon.
Salur.
Tuee.
Wednet.
JVt
rAurs.
Uverpool, steam d.
Do
sall...<t.
Havre, steam
Do
...e.
sail
Bremen , steam .
Do
•is
e.
e.
.
sail
e.
Hamburg, steam.o.
Do
sail
"l«
hit'
e.
Amat'd'm, steam
e.
30935* 30® 35' 30335' 30«35' 30*35
30*3S*
Total
5,190,06315,257,060 4,718,103 4,784,473 5,894,216 1,620,187
Pero'tage of tot. port
receipts June 30..
97*41
98-74
98-64
97-91
97-88
via Leith d.
Beval, gteam....d. "f«»»l« "«4»»,e 1*«4»»I« "fi»»i« "»l»»l» "•i»»t.
This statement shows that up to June 30 the receipts at the
ports this year were 66,997 bales less than in 1885-86 and
478,960 bales more than at the same time in 1884-85.
By
Itdding to the totals to June 30 the daily receipts since that
time we shall be able to reach an exact comparison of the
movement for the different years.
Baroelona,steam<t.
Qenoa,8team....<<.
Trieste, steam... <{.
I
I
Do
Do
d.
sail
»is«"«l»ie®"«4 »I8«'»«1 »i«»>«si|»js»"si
>».4
Antwerp, steam .<i.
»
Per 100
'si
lbs.
—
1886-87.
1885-86.
1884-85
1883-84.
1882-83.
1881-82,
Tot J n. 30 .5,190,063 5,257,060 4,716,103 ,784,173 5,894,216 ,620,487
July 1....
1,246
104
379
1,945
B.
2,405
" «....
214
2,397
68
193
3,185
B.
" 8
260
S.
1,811
685
2,287
1,733
• 4....
8.
135
69
1,121
1,719
1,236
" 5.,..
163
2,519
8.
241
606
464
" 6....
189
2,449
97
B.
2,949
1,395
" 7...
396
1,500
1,006
255
1,626
2,353
• 8....
438
354
2,810
1,824
8.
1,168
" 9....
1,003
8,977
74
1,238
1,060
8.
" 10...
838
S.
1,262
903
2,601
5S6
" 11....
648
8.
184
1,993
816
1,006
"18...
1,111
1,266
309
B.
1,678
863
" 13....
677
998
316
B,
3,243
685
" U....
63
558
324
676
1,349
5,334
" 16....
1,098
8.
1,721
142
161
201
" 16....
1,160
4,091
68
299
1,921
8.
" 17....
8.
1,452
940
860
178
2,250
•• 18....
670
8.
260
1,746
2,138
1,2:29
" 19....
687
790
8.
188
1,483
581
" 90—.
25
1,554
419
1,849
B.
985
" 21....
34C
271
278
534
1,023
3,904
'• 22....
113
513
262
287
B.
838
" 23....
693
2,157
53
817
1,380
B.
" 24....
8.
2,148
929
187
1,393
892
" 26....
1,824
8.
261
1,087
1,365
1,620
" 26....
191
1,425
8.
1,143
897
498
" 27....
64
1,353
165
B.
2,238
538
" 28....
138
1,061
186
421
1,005
1,740
" 29....
271
888
359
47
S.
1,652
Total
LiVBBPOOL. By cable from Liverpool we have the foUowina
statement of the week's sales, stocks. Sec,, at that port, We
add previous weeks for comparison.
Julys.
Bales of the
week
bales
Of which exporters took
Of whioh speculators took
Bales American
..
Actual export
Forwarded
Total stock— Estimated
Of which American -Esttm'd
Total Import of the week
Of which American....
Amonnt
afloat
Of which American
July 15.
57,000
5,000
1,000
41.000
8.000
2,000
780,000
528.000
34,000
4,0»0
137.000
17,000
July 22.
51,000
4,000
70,000
2,000
......
l.UOO
42,000
5,003
7,000
765.000
496.000
47.000
12,000
59,000
10,000
5,0)
701,U00
438.000
20.000
9,000
84,000
17,000
91, 00 J
9,000
July 29.
50,000
5,000
1.000
41,000
5,000
9,000
677,000
40S,000
32,000
9.000
98,000
25,000
The tone of the Liverpool market for spots and futures each
day of the week ending July 29 and the daily closing pricea
of spot cotton, have been as follows
:
Balurday Monday. Tueiday.
Spot*
Market,
wt.
18:80
i
Opl'ds
BarelT
supported
Fair
bnafnsss
dolnib
8"is
6«s
SOr
Mid. Bales..
7,000
8pee.Aexp.
500
10,000
1,000
Mk.Orl'ns.
ruturee.
Market,
ret,
18:80]
(
Market,
uket,
?
4
Kasy,
fori
Wedne*. Tkund'y.]
Steady.
Very
Barely
steady.
Wtal;
BardsB^I.
500
Si:
5"ii
10,000
1.000
.Mat
steady.
.
5»,g
8 'IS
7,000
?s
:-flld«. •tl-Mdaollne.
ntitn
8t«ady.
10,000
1,000
8.000
Steady at
Weak at
Mad
600
elliM.
SUady.
QaMtaad
atMdr.
5,204,679 5,296,487 4,722,299 4,803,519 5,934,495 1,656,643
POToentag e of
portrec'i>t8
The opening,
totai
July29
9814
98-88
1
9903
98-28
98-61
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 483,380 bales more. than they were
higheet, loweat and eloaing pnoea of fntores a
Uverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low M^itnj; olaosa, unlasi
otherwise stated.
The prite* ors ^mh <• pme$ and OiUks, lAuti
^ .and a 01 wuaiuOl-eUt. J sm
963
•
—
—
...
.
.
»
.
THE CHEONICLE.
15;2
July
Sat.)
Open Bitk Low.
d.
d.
BS8
588
Aac.-8«pt. 687
SST
B«vteisMr.
J«iy
jsIt-Ahk.-
BtgU-Oet...
BIS
512
&12
...
Jim
DecJu.-Fel>... SIS
Oet^NoT.
.
HOT.-Dec.
.
sse
588
SST
681
524
SIS
512
s;2
512
<L
Open Hiflh tffw.
Clot.
5 37
5 24
SIS
612
S12
612
615
612
512
612
Cto».
534
584
583
S33
619
612
609
609
634 533 533
6 34 632 6 32
6 09
6 03
6 32
5 83
Opm High
5 30
6 29
5 29
6 82
6 07
Clot.
d.
d.
53* 5 30
6 30 S2i
3 29
5 29
529 6 29 529
517 6 17 517
5 10 510 510
683 5 82 632
619 5 18 S18
612 611 6 11
6 09 608 6 08
iOi 6 08 5 08
5 09 6 08
Low.
d.
d.
d.
d.
d.
d.
d.
588 638
588 538
587 6 37
5 37
5 24
TueB., July 26.
Mon., July 23.
'23.
5 07
5 07
500 6 07 soa
6 0J 607 5 07
5 30
6 30
5 29
6 29
617
810
5 07
5 07
6 07
The movement of breadstufis to marftet is indicated in tt
statements below, prepared by us from the figures of the New
York Produce Exchanfje. We first give the receipts at Western
Uke and river ports, arranged so as to present the comparative movement for the week ending July 23, 1887, and since
July 24, for each of the last three years:
Receipts at
Wednea., J'ly 27.
Ohloatro
. .
4.8IW
188,915
733,745
453,101
65,085
..
21.816
1,431,521
1.800
61.000
53,733
37,:03
1,451
Detroit
Open H<«h Low.
d.
d.
d.
Clot.
Louis.
Peoria
532 5 31 S8S HM
632 6 33
J«|T
Jnlj-AtiK .. 5 32 533
Aiw.-Sept.. 6 31 632
6 81
634 634 534
632 638 5 32
6 31 S32 6 31
531 532 6 31
619 519 519
611 611 610
509 6 09 608
SOS 6 08 6 07
6 08 608 6 07
6 82
632
Bepu-Oct... 519 5 20 51» 5i0
Oct.-NoT... 611 612 611 612
508 510 503 510
KoT.-Dec.
6 0S iW 608 60U
l)«c.-Jan
JaB.-Feb. .. 508 508 60S 6 01)
Beptember. 5 31 532 631
.
Open High Low. Clot
5
6
5
6
d.
d.
5 29
6 29
d.
d.
d.
d.
d.
a.
Clot.
34
5 29
33
82
32
627 6 27 627
6 23
6 28
5 28
5 28
5 2-i
619
610
SOS
5^6
614 614 5 14
5 08 506 500
5 04 504 5 04
6 07
5 0?
5 03
6 03
6 03
5 03
5 03
6 03
d.
Tot. wk.
Simawk.'SS.
Sine* July 24
514
5 04
5 03
6 03
by rather better foreigu advices; but this
demand met, the market again became dull and weak, and
tc-3ay there was a further decline. Shippers have encountered
a comparative scarcity in freight room and somewhat dtare''
rates, but have been moderate buyers every day, paying
contracts, favored
^
7s)
81»s
Januai-y. I8ti8. delivery..
May, 18h8, delivery
Juno.lSai-, dilivcry
92'8
80 1«
.
10,947,916
93.104,187
1S35-8..
..
3.516.511
hTt
Fri.
8»j38
80
7914
81%
8II4
85^8
8v%
91ii
9l7e
91
8478
61,031.312
Flour
bbla.
Sal.
AdkuM
delivery
September delivery
Ottolier delivery
Ktlvtmber delivery
Wheat
bush,
Com
45i8
45I4
45I8
H>^
474
47^
45
4t)39
46%
47%
46'8
4768
4818
4(153
4738
473g
4818
An/^ist delivery
October delivery
Eye
is
dull
Sal,
Mon.
T«e«.
Wed,
31
31
Si's
SO's
Soiu
Bl^s
30^8
3o!%
SI"*
30^
30%
Thvri,
30^8
SO's
3lia
31%
Total grain
*
' ""l-
Sprtug wheal extras.
Miuii.olearandatra't.
Wiut. r ihlpp'g extras.
Western,
Ae
2
2
Fti
31
31
3158
24,210,175
57,229,170
27,395,288
28,40.'',S37
3,44i,615
478,825
4,43e,lF0
884,720
2.652,8fe5
2.740,906
1,038,958
108,999,877
103,"05,064
112,526,481
rail
West. mix. No. 2.
UWest. wblte
i^i^xst.
"•t. yellow.....
yellow ...
Whitesonthem
oathem..
yellywBoDtlieriu
75
71
60
40
9u
35
409 2 70
70» 2 76
Bye-
« 8£%
-a
state
Wheat
80
Oats—Mixed
bush. 55
31
79% 8 81
White
74 a 83
No. 2 mixed
77 » 83
No. 2 white
44 3 4(,% Barley-Canada
4.5%9 40
Two-rowed State
43 9 50
Six-rowed State
46 '3 48
Malt—State, 6-roJfed.
50 t» 53
State, 2-rowed
16
43
Canada
I
I
feas— Canada
»
9
9
34
3214®
53
H4
39
3%
S5%a 3a%
9
75
63
85
65
3,277,5
1
113,225,609
Week
1885.
Week
.Tut!i2i.
July 2*.
.July2''.
bbls.
IvCi-Sl
78, 41
109,203
bush.
379,258
187,132
899.113
4,854
17 „538
70C,696
26.'.9I5
631,4.88
1,430,381
Corn
Oats
Uarley
,wi.
.
1886.
28,1)09
10,150
8,851
1,499,296
l,C88,9l2
Bye....
rivt*"
Total
18S1.
Week
Jnlu 2S.
101,222
345,143
519,096
6KM82
492,674
4,487
9.276
20,593
6,b23
2,634,866
1,510,295
The nil and lake shipments from same ports for
last fou"^
Flour,
Wheal,
hhls.
bush,
July 23,'87 320.147 3,3^7,18.'^
Jnlyl6,'87 316,' 84 2,477,.'i28
.Inly 9.'87 25^.788 2,1113,379
July 2,'87 197,893 2,574,018
10.52.=., 410
4.107,851
9
9
9 80
9 72
9100
o 66
Corn,
Outs,
Barley,
bush.
bush,
basil.
4,8.i4
7y{',001 1,210.H74
1,230,845
855,977
13,705
2,il9.9r.2
803. 84
l'.!,426
1,344,356
633,5.8
15.483
54 3,534,163
8.201,849 2, 55o,7iiO
4n,4 68
,'i,6^
5,1
Ryc'
bush.
28,909
27,836
18,755
14,067
89,567
51,92^
30,780
The receipts of
week ended July
flour and grain at the seaboard ports for the
23, 1837. follow:
Flour,
Wh^at,
Com,
Oate,
Barley,
Ey( >
bbls.
bush.
bush .
bush.
bush,
bush,
89,0.13
9«8 960 671,3
426,914
2,200
56,112 230,030
70,258 ]38,-.i6a
:oo
6C»
6.419
176,351
loo
?,5()0
4.200
32,083 433,542
26,672
56,110
1,20 J
81,626 86,1,388
37,l.i5
51,192
1,0€2:
3,(00
6,0i)0
4,000
22,0
18,6^6
43.250 113,290
12,090
At—
N-w York
Baltlnore
alohnond
SewOrleat.s...
TotRl wtek... 286,901 2,755.521
940,775
wee* '80 232,983 1,895,753 1,571,262
•or.
694,774
416,150
3,900
2,750
3,862
3,1 ki4
The total receipts at the same ports for the period from Jan,
to July 23, 1887, compare as follows for four years:
*1894.
1887.
*1886.
'IHSS
Ploar
bbls.
7,858,491
6,820,635
7,014,639^
7,980,143
1
bush.
iVheat
Corn.
21,206.987
52,974,6 S3
19,976,615
2,c94.738
3b4,8ri
23,401,389
29.601.609
17,919,630
2,215,065
561,944
97,147,930
96,857,8d4
102,494,439
46,S4'',e82
Oats....
Barley.
Rye...
.
euding July
Exports
2.411,119
3,0i»0,6i)
O
76,812,915
several seaboard porta for the week
shown in the annexed Etatement:
Corn,
New Tors
Bush.
73-,502
Biiston.
..
li^6,&08
Bush.
282,86T
1,000
M. News..
148.377
309,921
15«,553
191,264
21,000
13,111
fuuaa.-l.
RAlllm'ri
firi'ns.
Norfolk..
Tji.
3
3l),8J8,433
16,51 ft, li.7
23, 1887, are
Wheat,
from
N
23,967,471
Inoinde one week extra.
Montreal.
& Pa., ¥
27,43?. 894
5 ',367,45*
shipments from Western lake and
The exports from the
OSAIN.
WlieatapiiDg,per bnili.
BprlUKNo. 2
Bed winter. Mo. 8
Bed winter
White
Com -West, mlzefl
1,881,69*
2.'i.727,421
TTeet
*
„
14,174
*1885
2,5,571,215
47,285..-78
Ploar.._
:
Brandywlne
2,071,116
«,929.180
1312,753
25,6i-0,2H5
1887.
48%
•? ?"« *? ?? § '"t!!'!) com. exlra8..$3 35a$3
2 608 3 20 a>iitlierii bakerr'ana
3 ii5a 3 35
family brde..Vbbl 3 65® 4
SGia 4 40 Ryeflour, Buperllne.. 2"75a
2
3 U5 a 3 35
Fine....:
2 209 2
3 40*4 40 C«n meal-
Winter XX A XXX..
Fatouts
4 son 4 75
Southern snpera....,
310a 3 30
68,883,789 31,442,617
B1.19H,718 J20,iB7,2a3
61.319,632 10.701.389
2,030,284
81,711,737
96,568,991
ports for four years;
FI.0DS.
J"'"/?-_-,r—
60,36X
68,107
Include one vreek extra.
48
Barley does not promise a crop so
Barley malt meeti with a brisk demand at
are the closing quotations
29,977
17,116
14,176
43,,= 99,559
35,799,683
Total grain....
The following
18,100
*1884.
5,923,324
Below are the
full prices.
Buperllue...
....
Phllaeelphla...
Fri.
46%
4«%
and nominal.
large as last year.
4,800
*I886.
5,754,397
Rye
Boston
Montieal
Oat» on the spot are lower. There is a very material decline
in white grades, and options in mixed w^re somewhat depressed, but the close is abouty steady.
DMLt CLOamO FBICKS OF SO. 1 OATS.
flevteiiilMT delivery
43»
791
6,0fc9,311
Oats
Barley
,
l/'s
4,95*
2,212
18S7.
7,270,265
4 w. 1,093.509
iw'k8'86, 740,083
options.
OF NO, Z MIXED CORN.
Hon. Tues.
Wed. Thurs.
1,091,257
10,080-
The comparative shipments of flour and grain from the sam e
ports from Jan, 1 to July 33, 1887, inclusive, for four years
ghow as follows:
rot.,
Indian corn his been variable and unsettled, but with no
decided changes. There has been a moderate export trade,
mostly at 4oJ^c. for No. 2 mixed by canal afloat, and to-day
the market was rather dearer, especially for the more distant
I DAILY CLOSIKO FKICE3
1,521,050
l,67j
weeks were:
82
SO
8-38
9218
fc578
80=8
9078
732,760
1,802,933
5,860
9.638,033 101,738.480 100,410,885
18Sl-.'5
Week
tndinq—
8t.«i
Shin
Sb'a
91»8
92^4
155,720
71,900
21,110
25,015
287,020
338,000
5 08
Bye flour and corn meal aie quiet.
The wheit 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 monthi were madf.
Tuesday saw some natural reaction on a demand to cover
8i 'g
Byt.
1
18S»-7..
taking beyond their immediate wants, and receivers, anxious
to-(fftct prompt sales, have been obliged to make concessions.
At a slight reduction there are moderute orders for export.
8.:^
Sti^
Barley,
30,750
1,199
6,325
7,385
1.KJ8
230,887
3,183,693
8,967,079
209,488
97,169 ; 1,133,400
'87.
fame wk. '88.
5 27
5 20
5 28
Fbidat, p. M., July 29, 1887
a;he flour market has continued dull. The intense lieat and
the depresbion in the grain market have deterred buyers from
Anirast delivery
Bepteiubcr delivery
December deliveiy
40,481
629
BRE AUbTU F FS.
ezceptionaUy high figures for choice spring growths,
DAILY CL'JSISG P.tlCBS OP NO. 3 RED WI.NTEB WHEAT.
Mon. T«es.
Sal.
Wed. Thtirs.
410
S
Daluth
Open Bigh Low.
OaU.
Com.
Wlieat.
Tlour.
UUwankee...
Toledo
St.
frl., July 29.
-
Sbltl^eib, Bwh.eo U» ,BusJi.5« Wt Buih.Xl U)» Bmh-iSlbiButhMti-i
481,142
816,735
21,230
238.885
120,030
86,03ff
aeveland
Thars.t July 3S<
XLV.
[Vol.
w'k £768,540
Flour.
~~Bbl~
..
1,252,399
Bush,
4.482
Sue,
Bush.
5,882
Peat.
Bath.
3,236
21,477
57.180
13,356
6,950
6,344
3.571
17.463
247,052
1441
552,389
109.807
4,482
5,882
33,741
873,935
267,485
21,762
2,522
76,075
......
31,403
3,499
me time
1886.
Oats,
The destination of the exports ib as below.
ootresponding period of last year for comparison.
We
add th
.
July
THE CHRONICLE
80, 1887.]
Whtat.
t'Uyur.
1887.
Wfle.
to—
Vtf.k,
Jul It 24.
Jiihj 23.
mu.
B»(*.
BuMk.
l!IT.80:i l.'6').3ll
Conttii'nt
-JTl
/.'..
B.AC.Aiii
"W. Indlea
7.1i)8
).>.(>
Id
Buth.
450,109
781,220
S8
Julvil.
Bu>h
Bunk.
Witk,
830.7.^0
191,15^
327
i«,i;7
21,9.%7
lO.Oft?
2,103
1,600
14,674
1,200
1,0U0
109.807
267.485
1 .768.510
1.252,899
552.389
2?3.>JiH
4S,219
8,788
6
0,37t»
H73,a3.'S
By adding this week's morement to our previous totals we
hfLve the following statement of exports this season and last
aeason:
m
Sept. i.'se. &-pt.l,'88. Sept.
BsporU to-
U)Julu
July
'^
8,1,
1887.
1, '8fl,
July
J«
«1. !>««.
BU>.
Com.
Wheat.
ur.
to
83, l8iJ7.
Bwh.
BDU.
Sept. 1, '85,
H.
July
18rte.
Biuh.
Sept. 1. '88.
to
July
M,
1887.
*pt.l,'8S.
to
JtUy
9i. 1888
Buth.
Btuk.
«.10».9S3 38,821.189
On.Klni;dom
e.osa.Mt
4.373,7fl
11.189.8^8
18.829,138
479,307
963.387
735,888
405.331
39,0<»
lMi.«O.S
31.410.9:9
18,945.800
9.983.U0O
17,084,980
760.274
7Wl,"il
47,417
18,813
700,C«0
1,118,013
8.181
,We«t ladles.
"•rtt-Cormes
Oth. oonntr's
Total
8.738.M8
The
«tthe
I4I.74«
5,181
13
81.088
493.4»>8
31.177
89,399
67.923
807 ,»«
78.959
71.089
U,t!<)3,-M
75,7U!1.141)
38,889,493
84',S23,8B9
98.880.891
917.715
m
supply of grain, comprising the stooKs
graaaiy
principal points of aocumulation at lake and scsboaid
pxta, and in transit by water, July 23, 1337 :
visible
In itore at—
WawYortc. .......
Do aHoat
Wheat,
bush,
3,303 311
120, i'JO
Albany
50J
Battalo
t Do aQoat....
...
31.818
Barlty
bath
fl.850
1(5.000
:,5l;i,2J3
291,176
40,700
71,559
9.40J.074
1,86?,271
313,048
1,214,721
4',728
"'379
6J9,:-»30
41,093
321.591
35.000
2,015,f63
ri.376
12,064
80.000
25.5.10
9,303
17,830
3,5d7
40,945
13,230
19'593
2,453,241
Detroit
....
Oawexo
Bt, Ix)ula
Olnoinnatl
2i,OliO
B06t0D
XoronlD
Hoacreal
PhiUdelplUa
Peoria
IndlaaapoUti
Kansas
U3.I53
14S,000
0.51,143
Tot. .Tnlv'23.''S7. 32,021,0.51
Tot. July 16.'87. 31,490,895
Tot. July 24,'86 32,l>j7,6'>6
.
Tot.Jiily 23,'8ol 37,'ij9,325
Tot. July 26,'8H 12,7dO,4t4
MlnneapolU asd
5,000
46,926
32.000
114,815
23,000
170,677
81,668
212,754
7,50J
11,630
n.ooa
:27.b73
fiS.OJO
MI.4.si9Klppl ...
123' 957
275,104
20,000
156,974
181,997
81,009
97l.t35
3,9i2.123
156.0O0
23;). 0^3
1,921,072
1,920,000
On lakes
On canal A, river
1,5:S3,431
1,05S
..
....
514
674.913
City......
Baltimore
Minneapolis
Bt. Paul
t
17d,»00
buih.
afloat
Dalatli
Toledo
•On
373,157
1,3)8,(5)0
afloat
Hllwaakee....
Do
Oatt,
buth.
..
OhtcaKO
Do
Oom,
St.
71,030
15,245
1,000
17,175
13,000
367
30.000
1,000
8,000
359
3,0ti9
4,000
17,100
25,000
8,257
28',V59
1
,200
181
8,000
7,S79,i09 1,971,067
8,«74,2".9 2,075,165
9,419,S59 1.851. 15
6,827,0)7 2,312,'iS6
4,637,653 2,151,131
236.392
213,692
304,093
150,740
133,0J7
make liberal deliverie* of Rtaple cotton good*
execution of bAck orderr, and new buflineas w«< of fair
proportions considering the very Hmall Rtocks available for
immediate shipment, many kinds of plain and colored cotton*
being soUl In advance of production for come time to come.
Values are (Irmly mnintained on nearly all manufactured cotton gooflK, the late declino in citton hiving been completely
neutraliz^d by the ex'ieptionally small Btock of fabric* on
hand, and the large demand for conHurnption in sight. Print
cloths were in moderate demand, but rather paiier, on the
basis of 3 5-ldc. less }4 per cent for OlxOls and 3c. for 56z60r.
Stocks last Saturday and for the three previous yean were as
follows
continuefl to
in
July 23,
1M87.
Block of FHnl OlntM—
Held by Providence inanarrs. 156,000
Pall Klv«r nmnufaoturers... 149,000
Providence sperulatorg
72.000
Outside speoulatora (eat)
75,000
buyers, and desirable mak-'s are firmly held. S^lannels and
blankets were in fair request at tirst hands, and prices remaia
6rm. 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 cirpjts.
Foreign Dry Goods— Business in importing circles has
shown farther improvement, but the jobbing trade in foreign
fabrics has not yet commenced, save in a limited degree.
Dress goods were more active in firat hinds, and mo lerata
dealings insilks, 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,
128,230
13).l77
214.658
10 5,736
216,775
the corresponding periods are aa follows:
-s
-
3
>
a.
?!
.
5
11
Friday, P. M., July 29, 1887.
;
M
to
I
CD
I
'.D
mare than probable that a considerably larger trade in
goods ha3 already been done by the commi^sioD houses
than for the corresponding tima in any previous year. Many
Southern jobbers hiva completed their early purchases and
returned homa, but there is still in the market
a
large force of Western and
near-by buyers, who are
regard to the trade outin such excellent spirits in
look that commission merchants and importers anticipate a
good business ia the near future. The jobbing trade was a
trifle more active, but comparatively little animation in this
department is looked f jr until the fore part of next month.
Domestic Cotton Goods, The exports of cotton goods
<rom this part for the week ending July 23 were 2,018 pickages, valued at |10S,045.
These shipments include 827 to
the E«t ladies, 219 to South Aia-rica, 236 to Mexico, 200 to
Aden, 129 to the West Indies, U5 t> Cnina, 117 to Central
America, 74 to Europe and 41 to alt other countries. Since
'il,vS7
packages, T4lued
c:w
r^
;o
^\r^
tO(0
mtO
1
!
:
:
1
1
!
:
:
1
!
:
:
i
:
:
to
MQI
^ CI X CB
0*0
v\u
osasttVoD
yo
M
QOX
CO
tOIJtXdO
tcppcn w
K> JD wt J3 ta
C3«
;;'Oco&?Qp
05^
#• tc
P
'-i
1
•^
^
o>
w
I
^'^
I
©as
os^I
X -J .- :«
tc
s to X
—X
M
a
•0 4*
ICH«
crt
CiO
to^
Wi-
bv
I
1
I
-JW
o
s
0
cs
lO
CC J*
01
o
u
MMCJtOW
C^'i^'ci y«cO
T- ^, ;!
W
05
e>
*^~^i^.*
KJ
-
CO
^^
a^'-'
<A*^i;i7;&x
,-•
o
I?
w to j3C;»i^.
^
^ 10 a
I
CO Ci '^
I
Mto:;tto^
w^-r^i
-I
00* t
•vitOCOxO
QO'-'X^#>.
I
OS
fXJtCMO*"
I
to Ji •-
Si*
—
ocoxoto
'3
M
0>
a
'
<j.tO*>«r^1 U. t3
^
•OiUXi^O
»lU^
—
*-«IM
Oti
(O'Oif.otO
t-x
We-la
tt-itt.
V
CO
JS»>a
^o
e A -I —
MMtOtOCO
to
;;'
» X to
03Uio;h*o
OD V< CC 71
w
*»0>3tCi3-*
cd:o^»o«
03
35
0*'-'
CO
00^:0 -q
coawtot-
to
^ vj «y
C:^
1
M.'>'U^O
I
ft^v
OS
I
fc-CO-JKQO
to
ODSUUU
3)^
.11
gocia—
-JfCiCi
31
*> ti i. VI
3>U&W \^
•
-I
c—
s i;
- to
10
Mo
I0
o«»a:0 4k
W C -J C» n3
I
<x:3a>0)te.
OJ-tOtO
)
o gMoa s-1
toot CO 00 31
CO
—w
I
^
**
^
b
X bVo
to — :o
w »» ^ X ^ A ^
^ ata
u!»,
<c v* cc to -o
H'!0«i**.0>
!©l-'
o
*..
1
I
tot-"
^V>
o
w
^
o
O -J OP
<I50
h-31
0»
cs
jj
a
0»'-»oO
*->
XI
03
to to to -J '.O
•
(B
MW
»_ Wi-
--J
3
CO (^ to >^ 01
<i io
to
o f^tO
^ ss
•5
anl
-n
to""
(1
—
the Ist of Jinuary the expo ta a<><r^gaie 113,:jij4 packages,
valued at $6,893,990. Of this tuta Chin« titk» had 60,080
-qw
M
1
I
;
1
:
B:
50
c: eo »-*
09 Qi 0< to 0(
0>
a
2!
1:
•
^
•!»&.
it is
fall
§i
I
cnatousa
QOCO
Vi
:
on account of former transactions,
;
si
S3
The situation in the dry goods trade has not materially
ohanged during the week under review. New bubiness was
.iiardly up to expestations because cf continued hot weather,
which chscked operations in fall and winter goods, and the
«'.ringency of the moaey mirket, which caused large buyers to
pursue a somewhat c*utiou3 policy. There was, however, a
£Ood eteady movement in staple and patterned cotton fabrics
packages, valued at $2,8 U,9.>0
A
A
i?J
aa
ai?
THE DRY GOODS TRADE.
and
68.000
36.000
123,000
25,000
Domestic Woolen Goods.— The demand for men"s-wear
woolens was somewhat disappointing, other thin a few ppecialties, as lightweight cheviots, etc, havini; been rather
slo*-.
Heavy clothing woolens were delivered in considerable
quantities on account of outstanding order.', hut new busineiS
in this connection was strictly moderate.
Cloakings were ia
light request, but there w.is a fair busiaess in Jersey cloths
and stockineti", leading makes of which are well sold up and
Arm in price. Satinets were a trifl-j more active in eome
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
3
-drees goods, hosiery, &c.,
July 25, July 16,
I8H5.
1M84.
145,000
3»7,00O
3=15,000
533,000
320,000
310.0CO
300,000
220,000
1886.
Total stock Kpleoea)
152,000 252,000 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
good8, table damasks, scrims and cotton hoeiery.
Paul not Inoluled.
New York,
July 24,
Importatloas of Dry Good*.
The importations of dry goods at this port for the week
dnding July 28, 1887, and since Jan. 1, and the same facts for
84.360
22l,99.S
962,800 116,000
67l,4>'3
have gone to South America. F >r the limilar
period of 1886 the export* to all port* retched 139,931 p«ck>
ages, and in 188.'!! were 108,889 packagee. The mill agent*
:
-Continent...
P.* C.Am...
153
at |l,671,44f),
18(6
1887.
Wtfk,
Jul J 23.
12.387
7.3«7
1,220
Brit.col'e
Oth.o'u'ta
Total.
59J,0J»
iW7
Goth.
1886.
We»k.
July 24.
1887.
WmIc,
1886.
July 33.
V
!
,
J«
~JM
1-
--••
UK)
-J.S
"»ODS
xoao
xxaix^
«^*k>
oi I*
•-)
Oitai^v*o
tx^-ia^
M to .1 ^ X C B
beasiV)
9
»
* wxu^^^
,»
.^ TD
I
,'
I
r. .ft
i
I
'
THE CHRONICLE
154
SJatilietJB
groUers ®ut of ^gip ^ovU.
aujft
NEW ENOLAND.
Co.,
BANK£BS AHO BROKSBS,
Mo. 63 STATE STREET,
BOSTON.
mMBERS OF BOSTON, NEW TOBK AND
PHILADELPHIA STOCK EXCHANGES.
M*eka and Bonda Bonsht and
Sold
Bailroail, Municipal and otber desirable Invest.„
*
TransaokUgeDoral banking baslness. Allow interast on deooHits.
Members uf the Philadelphia and New York Stock
BIxchanseB, and connected by private wire with New
BANKERS
No. 437
Estabrook,
ALSO,
Jtoalers In ninnlcipa], State, Railroad
and United State« Bonda.
CHARUCBH. 8HXLDON, JR
BiKNKr, Jb.
Wilbour, Jackson & Co.,
BANKERS AND BB0KER8,
Ho. i% IRTEYBOSSET
PROVIDENCE,
PrtTat* T«)A7ritDh Wirp to
AN
BOX CABS,
FLAT AND GONDOLA CARS,
300 STOCK CARS,
ass REFRIGERATOR CARS,
tr LOCO.ttOTIVES.
Gerlach,
tc
BRORER»
,
CHESTNUT STREET,
PHILADELPHIA.
the Philadelphia ana New York Stook
ExchanRes.
Cable Transfers. Bills of Exchange and Letters of
^
*""<' ™P»''' "Parted,
an" ?eTe™eredI" "* ^"'
Whether you wish to buy. sell, or
'
yon to write na f. r full nariitrulars. trade, it will oar
Memben of
First Mortgage 6
Rea
&
Bros.
Co.,
BANKERS AND BROKERS,
AND DEALERS IN FOREIGN EXCHANGE,
135 IVood Street, Pittsbnrs, Pa.
MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petrolenm, Stock and Metal Excliange.
PriTate wires to New York, Boston, Phil&delpt,ia.
STREET,
R. I.
N«w York and
STABUSHXS
&
Whitney
Ronton
No. 5T
&
DUB JULY
ONVESTMBNT and SOUTHERN SECURITIES «
•peeUlt;.)
Oorreapondenoe BOllcited and Information fortfalied.
N. T. CorresDondentA— McKlm BrotberB
No.
A
Co.
York, January and July,
Standard gauBe, steel rails, arst-class equlpTiBnt.
A limited amount for sale. l>escripttye pamphlet!
containing copies of mortgage, f uraiahed on
appU-
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
members N.Y. Stock Kxchanffe.
tc
EgUITABLE
&
Co.,
rUTeetraent Bankers, Cleveland, Ohio.
K8TABU8HED
P.
Mortgage Company.
1871,
DEBENTURES,
hearinge per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the American Loan A Trust Company,
of
New lorli, for th« boaeflt of the bondholders. Thetr
safety, time to run and rate of interest make them
the moat desirable luvestment now offered. Also,
SUARANTEED FARM MORTGAGES.
5'^ ^"St
^
OFFICES!
Broadway
Boston, 33 Court St.
&
F.
Keleher
317
OLIVE STREET,
S^.OOO.OOO
1,000,000
I
I
Co.,
Farm Mortgages
Dealers in Western Securities and Local Bond*,
atockn and prime Commercial Paper.
&
Philadelphia, 118 8.4th St.
Kansas City, 7th& Del.Ste.
Co..
and BOSTON.
°' Counties, Cities, ic, of hlKh grade a
RnNin<S
" """" sneoialty. Nendfor DeacrtDliTeXiHta.
In Sums of $100 and Upwards on
Indiana and Ohio Bonds,
NOTHING SAFER. ALWAYS PROMPTLYPAID,
BKND FOR PAMPHLET.
JOS. A. mOitRE,
84 East market St.. Indianapolis, Ind.
Humphreys Castleman,
BBOKEB AND DEALER
7%
^inautlal.
ALL KINDS OF
IN
The American Investment Companr,
metsburg, Iowa, with a paid-up capital of
SECURITIES.
Bonds and Stocks boosbt or sold on commission;
Oepniia and Alabama Securities speciall; dealt In.
Correspondents: Tubey & Kirk and A. DutenhoJer,
Jlew York.
Beferences Atlanta National Bank, Atlanta. Ga.
Fourth National Bank. New York.
•m
STOCKS
W. Branch &
rue Undersigned hold
Co.,
BANKERS AND BHOKBRS.
State Bank BniLDiNO,
RICHinoND, VA.
'"^U? J''™' .oonneotlng wltli Washinitton. BaltlBore, Philadelphia and New York
Hew York oorrespondenu Prince /k WhltelT
THOMAS BRANCH & CO.,
BANKERS AND COMMISSION MERCHANTS
Rlni.nOND, VIKOINIA.
Clrenlarsand Information on fundlOKthe debuol
oat: one-elnhth
put cent chanted for fundlna. Sonthern ™"'"'»°
Bute and CItr Bonds boo Jht and sfUrtT Rallroao
Tlritlnla ant) N.jrih Car.ilina freeof
ad
A. L. Hartridge,
SAVANNAH,
GA.,
SECURITY BROKER.
'""' '"' """"'"'on aU classes of Stooki
K«ic>tuie« loans on marketable secnritiea.
«5*6ond?
BONDS
and
At Auction.
:
C.
CO.,
Street.
Capital Subscribed
Paid In (Caab)
8P0CLALTIBS: Town County and City Bonds: Lake
Superior Iron Mining Stocks. "Republic " "Champion," "Clevrland" and "Jackson." Strket Railways— Denver City Street Railway Co., of Denver,
Col.;
Street ilailway Co.. of Grand Rapids, Miclu
Metropolitan Street Railway of Tntedo. Ohio.
CHICAGO
ATLANTA.
WaU
'gixvm ^ovtQnQts,
FOURTH AVENUE.
N. W. Harris
SOUTHERN.
LANCASTER
R. A.
1871.
Chas. H. Potter
& Sons,
BANKERS,
T SOUTH STREET,
BALTIMORE,
1926.
New
Interest,
10
WESTERN.
Co.,
BALTIinORE.
1,
Gulf
Stephenson,
BANKERS AND BROKERS,
of Bultimore Stock ^Exchange),
.MILE)
PITTSBURG, PA.
Oldftst Plttsburff
Wilson, Colston
PER
Georgia Midland &
Railroad Co.,
BANKERS AND BBOKBBS,
Robert Garrett
Per Cent Gold Bonds
Credit.
BALTimORE.
(Members
low prices, for cash or on
""• '"''"" «*<=''»°Ke lor good
3,300
1,500
Harjes,
1>
NEW TORK,
sale at
"^
Baltimore and Washineton.
aper. QoTemment and
Dealer* In Commercial Paper,
and Forelffn
On
Bonds and Sectuitiea
Seen
atter flrst-clau
mhang
oge.
Have now for
sIcJriuSf'
(913,000
BOSTON STOCK EXCHANGES.
WnjJAM
.
&
STREET,
BROKERS IN
Second-Uand Railway Equipment,
Tork.
BOSTON.
JpaHUA WILBOCB,
Co.,
cnent Securities for sale.
KEHBEBS OF TEE NEW YOBK AND
HDijAiiiN A. Jackson,
WalkleySc Co.,
10 W^AIili
BANKERS AND BROKERS,
No* 35 Soatli Third St., PlUladelphia.
Gerlach
BANKERS,
GONGBESS STREET,
no. 35
&
Clark
Successors to Narr
Cobb
&
W.
E.
In all Markets.
Brewster,
l^iuauciaX.
PENI^fSYLiVANIA.
&
Irving A. Evans
XLV
[VOL.
8ALEB,
of
REQULAK AUCTIO>
aU
Nassau
St., *. Y.
A. L.
ORMSBT,
STOCKS AND BONDS,
Vice-President
ON
WEDNESDAYS AND BATDRDAY8.
No. X
PINE STREET,
&,
SO^,
NEW YOBK.
WE OFFER FOR SALE
A LIMIHD AMOUNT «*
First Mortgage 6
Per Cent Gold Bonds
or Tsa
ROME
do
DECATUR RR.
Principal payable 182B. Interest June and DecernOer at American Loau 4 Trust Co., Trustee.
Issued al the rate or »1.-).UOO per miie.
1 his railroad runs throimh the richest mineral and
airricullural purtloiis of the States of Geurina
Alabama, and furms a direct Western nutlet and
for
mads ceiitennB al Home, includlni; the Bast Tennessee VlTKlnla 4 Georgia and Ueorifia Central roads
GROVESTEEN
&,
PELL,
66 Excbange Place, New York,
BAMUSBS AND BK0KEB8.
Em
rear Debeuture iioadc. secured by tOSperoeot of drst
Mortgage loans held In trust by the •ir-rcantlle
TrUHl Co., N, Y, Five per cent cerMdcatea of
deposit for periods under one year. Write for fnll
Information and references to the company at 130
classes of
40R1AN H. IdULLER
of
SHOO,poo, surplus Sr3,000, offers lirat Mortgage
Loans drawing ac ven per cent Also 6 per cent 10-
NORTH.
WESTERN
GUARANTY
LOAN
CO.,
Real Estate Mortgages on City
and Farm Property, worth two
to four Limes amounts of mortgages, inlercHl »i percent to
7 per cent, principal and interest abaolutely
guaranteed.
curities for guaranty held
Se-
by the
American Loan A Trust ComMINNEAPOLIS. pany, of Boston, Mass.
Send for circulars to
Pald-Up Capital,
NEII ER i& CA K PENTEK,
8-400,000.
Bankers, Troy, N. Y.
Anthorlz'd Capital
Eastern Managers for Company
8:j,000,0U0.
TBROURH THE SOUND AND
RELIABLE
WESTERN FARM MORTGAGE CO-
INVEST
LAWRENCE, KA^.
M. PKBKiNS. Pres't.
L, U. Pkrkivb, Sec.
.
.
i;p Capilnl,
tfiSO.OOa
choicest b irst Mortgage Farm Loans, also the
Company's Ten Year Debentures, based upon its
tapital
and
assets
ur
01
over
toSO.OOO.
No losses.
Said
F.
Paid
The
Ileven years' experience, with abstilute satisfaction
to over 1,500 Investors. Send for circulars, formsand
lull information.
Branch otHces in N. Y. City and
Albany. New York OBlce 137 Broadway.
C. C.
SON,
.eats
UXNE «
A
@FedFRASER