The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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HUNT'S MERCHANTS' MAGAZINE,
BBPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered aocordlnK to Act of Congress, In tbe year 1891, by
Wm.
B.
Dam a A
Co., In the otHce of tlie Librarian of Congrefis,
SATURDAY, JULY 4. 1891.
VOL. 53.
The exhibit for the week
CLEARING HOUSE RETURNS.
The following statement shows the bank clearings for the
week ending to-day (July 4), made up according to explanations contained in Chronicle of October 36, 1889.
Wuk
CLBAamoB.
Jbtunu lr\i Ttltvravh.
Hew York
$394,802,239
ilO,00P,OCO
63,861,217
14,043,S78
74,591,000
17,868,703
5,346,875
Hew Orleans
Saren
cities,
6 days
Other oltles, 6 days
Total aU
cities, S days..
AUolUes, Iday
$785,2,16,779
$994,5;>1,643
t924,335,493
217,795,591
$U9i.631,''42
+106
-3
t537,8ce,58l
84,148,597
63,953,616
16,114,070
63,19? "ion
15,043,4
4.891,420
$849.6 1:!,910
145,018,732
,
Total allclUea (or week...
Per Vtnt.
-01
-12-8
-4-3
Boiton
-16
9
2,307,286.454
Providence....
+2-8
-3-0
+18-B
l:15,»<31,liX)
Hartford
New Haven...
gprlnnUeld ....
Worcester
Portland
Lowell
New Bedford.
Total N. Bno
PhUadelpbla..
Pittsburg
Baltimore
Buffalo
-2K
+2V
-2-i)
+U-0
r338
418,834,048
864,0C 0,787
57,515,813
Cl.:i«0.0!>»
2W.»73,i!Uk:
602.e61,«46
306,561,786
84.14S.K2:
no,760.5a'
80,8o7,a20
-16-
—10-3
+ 1-1
—32
Washington..
WllmtnKtoc ..
Syracuse
»,»4»,5«
7,B21,7ai'
3..l5«.u51
3.321,511 +1-1
S,1U^,40, +17-4
Total Middle
4'J8,76J,9B1
8,748,i0»
476.431,14;
1
-100
+4-5
+7-9
—1-0
+0-7
+1-1
Ctalcago
Cincinnati
Milwaukee
Detroit
Cleveland
+81
Columbus
-2-4
lQdlanapolls».
Peoria
—39
Orand Rapids.
+5 9j
Tot.M.West.
Ban Francisco.
Portland
534,777,570
87,082.131
B,347.lne
513,817,02:
+4-1
84,1S8,408 +4-5
7,8»8.80» -11C6
1-2B
+U-6
Seattle
4,llU3.!)04
4,5or},nul
Tacoma
4.135,H37
2,955,9^1
3,773.(04
2.373,95: f24-5
Loa Angeles..
Total Pacific
Kansas
Cltr...
Minneapolis...
8t. Paul.
85,214,661
ltl.:jI2.4HI
18,107,091 +4-4
22,991,380 -16-0
21,86 7.54> —7-1
8,086,875 -1-1
e.s;u, 169 -rai
3,184.4
2,526,725 +50-8i
3,550,455 -42 5
O',)
2,524,075
l«.3«l.81..
2u.»»),0o0
M.7»U.40a
6,4U1.UUC
.
4,lUII,7«»
3.«lo,i;
2,011,647
1H,80«,()02 l-192i
—
Lincoln
2,19>i.Uu3
Topeka
IfiKb.bVi
l,56lt,30<
145,767,200
87,180,316
Tot.Oth'rW.
St.
Lonit
New Orleans..
Louisville
Memphis
Richmond
. .
Galveston
3(>.004,5ll'.!
33,i<21,0>
7,545,548
9,:»i.eo«
7.177,«0«
2,941,052,720;
-99
1,622,01S,558! 1,852,777,669' -12-5
313,l;i8,H6
347,109.526
179,391.014
45,289.080
20,800.471
21,5M.216
2,571.381,381
2,086,281,412
328,730,050
138,530,681
116,910,181
IVi, 161,528
76.311,200
388,175,205-13377,109,0071 -s-0
160.751.380+110
42,032,257' +7-8
2i,»68.9i-< -0-8
+U1
19,3sO,ltf4
1,910,997,020'
317,0i-,!,0001
8
73,993,5
II
38,0JO,"9«lf
21,043,87s
18,881,0S.)l
WO
423,145.478
15.681.601
26,7;6,9a2
23,579,117
384,714,343 +10-0
I8,109,:i86
15,8.-0,543 +14-5
+7-3
25,9Wa,911i +3-0
42,384.-^«4'
488,122,873 +10-1
215,783,8=18
245,314.
148,231,242
1-23,208,
102,737.76'>
101,176
105,072,35«
112,127,319
44,731,364
37,939,8 v)
124,581.
127,223,
41,651,
38,721.
22.7SI.
2.i,777,»91
^-Ul
19,211,79-,;
,
+2-3-0
16,38-1,,0il7
13,218,340;
13,483,298,
20,074,,00«[-34-2
11,327, 03S -5-9
9,340,,0111 (5-0
-5-3
817,016,834
891,593,052
-5-8
536,513.17t
+0-7
278,-246.276
a2.9„8.332
7,383,42^
+0-2
+2-2
-6-8
189,112,667
65,550,846
57,730,903
551,727.686 -g-g
363,412.51^1 +4-5
8-8
3J7,331,923
65,109,9^^ +0-6
3,505,34) flOl-'
6I,.'!47.811
-5-2
-23-0
-23-9
+4»-7
-27-4
-28-6
56.649,404
84,996.891
1«,433,79«
25,343,469
12.439.000
17,024,452
10,932,487
8,dM,929
BlrmlDKham..
a,3o2,018
1,802,818
4,613,001
3,915,792
2,721,738
2,704,32.
3,291,931
1,083,164
+^J-4
-S'S
+4-6
91,261,027
107,749,554!
-IS'S
93,384,251
—18-3
57,505.739
13.128,463
13,663,602
7,057,880
72,106,687
16.012,915
-30-8
60,800,859
—ISO
—14-0
79,691,897
12,>14.750
5,956,223
5,200,355
4,997,178
2,801,200
1,658,504
1,313,072
766,681
81.378,743
11,739,630
5,785,134
5,040,310
—5-4
-6-3
86,355,287
12,835,950
4,621.503
5,805,943
8,108,336
3,223,600
1,841,038
1,412,653
836,499
+1-4
+5-0
-11-3
-4-3
-2-6
+9-9
-14-7
-8-0
-0-4
114,971,862
119,664,521
— 3-h
183,095,786
+0-9
18,280,677
1,555,190
1,455,591
1,088,581
12,428,262
1,770,785
1,184,183
1,117,833
733.189
596,900
18,709,828
ChlcaKO
Cincinnati
,
Milwaukee....
Detroit
Cleveland
Columbus
Indianapolis...
Peoria
Qrand Rapids.
Total Middle Western
San Francisco
Portland
gait
Lake City
Seattle
Tacoma.
Los Angeles
Total Paclflo,.
Kansas
City..
Omaha
-12-2
+22-9
16,337,865
1,684,367
1,384,8^4
985,-255
-16-4
+1-7
-0-1
844,-271
+13-8
1.0i6,180
.+17-1
405,180
+47 2
648,100
4-16-4
17,580,408
+8-8
83,024,891
+Ti
8,775,970
4,003,630
4,294,531
6,253,046
5,355,002
2,471,920
1,400,078
814,599
500,148
831,893
530,161
843,654
-16-8
—18-0
8,068,431
+08
4,559,112
-18-7
+17-0
+38-7
—18-8
-80
8,844,197
7,086,5<5
1,173,849
1,969,987
1,630,715
8,115,301
736,744
657,466
923,761
410,000
939,833
-0-1
+1-6
-19-1
—10-5
448,016
+18-1
1,647.141
8,318,348
733,731
1,836,007
1,035,380
828,744
43,384,050
Total Soatbern.
-14
-«
2
1
+63-3
-44T
-10
—11-3
—13 4
+1-0
+107-3
-11-8
—24 9
-2S9
621,688
651,200
652,442
876,677
+48-4
-28-5
-17 2
-12^
-17«
-101
+0-8
HOB
-404
-10-8
+17-9
+900
-5-4
-339
—29-9
+45-9
—31-7
-411
1,15-2,814
44,003,371
893,316,7081 43%615,76 1
Ontalde New fork
*Not Included in totals
Our compilation of sales, &c., for six
40,411.868
-8-4
-16-6 1,003,946,791
-11-8
-9-8
-9-7
417,511.018
i
Sic
Description.
I
Stock
Par Value
or Quantltv
Jfolltlis,
I
.victual
Value.
1668164S49
^esr'ge
Pr4cs,
12
-9-7
-6-3'l0,978.05l,.346 lI.361.e73-»8;!
-3-4
Tetal value
#3.4984919711
Par Value
Actual
A.Mr'n
or Quantttii
Value.
Prtf.
i3.031,2<IC
13,9 ii, 2
n
128-9
13699.986,23. 42327698,6061 68-8
101,476,00<:i
19I,974,310|93 S-90i
170-,438.*4l;|56-38
12,9-)0,60.
1603,621,70. 1730,313.15, 74890.
11,794698039, 98-1
Outside N, Y.ll,S13,U7,«89 1,934.0«S,081
* Uottnolaaeil Is loiais.
.
as follows;
(3116369387 61-6
|3438,0«),215
|493,831,4J0 U02.9S1.077 79-»
It,7-«,SI16 119-3
11,496.100
l,i.H7,7Jrf 60-*
13,510,2 K-
97-3
ll3,10»,480blMc.
1503.041.263 144-79
11,188688787 99^0.
.
Pet'l'm.bbls
is
37,6-25,211
1132,873,648 78-8
81,011,383 180-5
tUOO,ilOI 60-7
11,707,898 143-8
-.11
months
Six ItonOu, 1880,
1891.
Cotton. .bis.
Oraln.bosh.
1,355,331,083
—-•5-4
9a'*,148
925,338,868 1,109,104,790
all
-18
+3 2
7,2-(1.840
-05
•S-2
.3,9.10,282
—16-1
~^*3
-WS
204,292,656
«,958,7ilO
-14 6
-f3-5
80,5-23,558
1.383,159,303
199,739,779
—26
1,089,717
Houston*
ToUl
-t-69
33,90 4.341|
1,631,3?6
1,«I9,0U6
749,854
717,140
823,282
394,000
640,067
BirminKham...
-8
-6 6
-91
2,271,8*
,
-4-3
-5-8
-8-5
Richmond
Oiilias
+72
+3 9
—78
30,157,085
8,773,703
Qalveaton
Nashville
-88
-0
+a02
18,443,165
6,9^8,308
8,481,526
1,436.985
Lincoln
Mempbia.......
+12-0
-64
SlouzCity...
Lonia
13,314,300
7,803,650
1,918,502
1,317,133
813,319
3
34,563,282
Joseph.,.,
New Orleans..
Loniavliie
+7
31,281,839
Daluth
St.
2,976,700
1,604,787
1,400.227
809.703
13,-i67,620
+3-3
4,754,409
1,977,278
1,492,868
869,997
92»,307
494,632
508,0*)
395,391
Denver
Total Other Western.
5,-223.177
14-4 27,03S,883,-2e8 30,r51,200,43-,i
all
—18
885.0-26
12,-2rt0,918
4,358,628,861 6,092,636,756
ratal
+6-8
+38-4
6U,-30|
395,957
ToUl
Total South.
-n
S-i-
731,874
372,551
+20-2
+SO-9
89,690,408
19,135.41-< -;i-4
15,756.900
88.168.911
12.102,817
—r4
—
+16-1
-14-8
—
37,910,218 +B9-7
54,450,413 +40
30.113.5WO -17-8
27,291,491 ~iA-l
1,030,'<«3
'11,18-575
LexinKton....,
20,031,317
5S,2.'14.8'!5
1,086,690
1,186.660
94,758,502
-U-9
—VO
92.280,6.36
29,';9«.;27
I0,0ll,u3'.c
1,0110,213
4,0.19,300
1,738,5861
1,071,-244
V
-14-5
—4-9
—19-6
+22-1
—4-9
+1-4
-17-7
+5-8
Ti-a
+10-0
1,354,104
704,955
742,234
-3-0
I
06,687.410
(+48-1
(-38-7)
1,702,0211
Fort Worth...
Norfolk
Chattanootra..
+13-5
.
(1,132,0001
Rochester
Wilmington, Del.
Syracuse
-120
+ 18-7
-1-4
-15-6
(23383,775
79.576,394
4,274,800
1,759,560
1,243.387
1,099,303
1,197,040
+ r2-7 Topeka
+7 3
3,811,349,077
-15-0
(888,617) , (-*0)
1-1)
(683,800) (+213-1(84,074,8371 (+341-4)
(196,000) (-S3-4
WaihlnEton
Des Moines.
Wichita
45.068.4W
586,409,746
—14-7
-3-7
-4-8
+5-4
+0-7
—0-6
+15-8
+3-2
4-
P.Ortt.
1881.
6,580,036
1,520, 173
1,375,151
709,360
617,406
+70
119.^28,27:^
51,615,5111
537,192,651
New Bedford
Total New Bngland,
St.
4W,2l2,9')'<
3,014,633,378
Boston
Providence
St.
+9-2
+3-7
-3
144,2X4,4»0
137,35«,4K)
(—38-9)
(-0-1
Minneapolis.
Paul
2,861.496,856' -10-
154,000,926
9,387,09!-
l,»tfl,UO0
^l.S-7
9,811,134
8,898.66'^
3.979.364
3,B««,61o
2H,882,07i
18,499.088
11,917,433
a,612.8S 3.100 -11.7
12H,0«3.5O0' +0 4
52,800. 1 111 + 1-1
32,405,323 +4-5
32,213,7»8| — l>*.l
28,518.0851 +5-0
20,058.173' -2-3
18,238.023 +««
(1,095,032)
(500.900)
(.'iOO.eOO)
Total Middle..
+0-1
Nashville
Dallas
Fort Worth...
Norfolk
ChattanooKs..
LeiiUKton,,..
-181
41,395,230
Denver
Dululh
Joseph ...
Sioux City ...
bea Moines.
Wichita
+29
33.8s5,I80
23.«16,7<.
Omaha
St.
82,801,378
2H,l)48,814
2,662,478,086
13-9
+18
51,270,3)9
33.800,094
30,»7I.0«3
(691,605)
(35,373,062)
(688,000)
Buffalo
-19-4 18,036,371,922 18,789,527,149-14-6
531,933,160
-21-0
bales.)
Baltimore
1890.
P. C«ne,
673,489,029
bushels.)
6Ws.)
PhiladdDhia
Piusbarx
Six Montlis.
New York
(Oram
(PstroUum
Woroe^iter
Portland
Lowell
$1,142,131,086
P. «.
ahores.)
SprintcBeld
+7
:
Wetk Efut'g Jutu 20
37.
1890.
1,358.
as follows
is
C]
oS—
iStoclu
(Ootton
+9-3
The exhibit of clearingsfoi Juneand six months isasfoUows:
1890.
Saltt
+188
139,098,718
ending June 37
Wtik Undlno June
Hertford
+ 18'0 New
Haven
+8-2
NO.
1391,
New York
.
1890.
1891.
Botton
rhlUdelphla
Baltimore
Chloago
St. Louis
Btxdint Jjtlv
Washington, D.
1
<33'm94414l
.
THE CHKONICLR
1
change
collateral.
LIU.
[Vol.
The supply
of
commercial paper
is
THE FINANCIAL SITUATION.
increasing without any corresponding augmentation in
have received with satisfaction
Treasury Department dated
the
by
the notification
to the effect
Thursday and published yesterday morning
of paylieu
may in
that the four and a half per cents
September
of
2d
ment be presented on or before the
pleasure of the Govnext for continuance during the
of two per cent per
rate
the
ernment with interest at
Department
Treasury
the
at
thought
It is
the demand, and the inquiry is confined to parties
representing institutions in cities other than Boston
financial public
The
annum.
that some 15 million
and Philadelphia. Our city banks have also been out
of the market this week and although the reserves are
very considerable now, the majority of the banks look
for a heavy demand from the interior very soon which
will prevent their purchasing commercial paper and
compel them to confine their business to discounting
Rates are 5| to 6 per cent for
dollars of new National Bank cur- for their customers.
under this sixty to ninety day endorsed bills receivable ; 5f to 6^
supply
currency
our
to
added
be
rency
to for four months commission house names, and 6 to 7 for
arrangement, while on the other hand it would seem
withfor
good single names having from four to six months to run.
tenders
us that the farther deposit of legal
as
long
so
The Bank of England reduced the minimum rate of
cease
drawing bank circulation must wholly
will
a suspension of bond redemptions.
In considering the outlook for money during the fall
months, we consequently have certain facts now which
there
is
Of first importance is the circan be depended upon.
cumstance just mentioned, the cessation in the deposit
of legal tenders for the redemption of bank note circulaFor the last six months of 1890 the deposits on
tion.
that account were about 8 million dollars last month,
;
discount on Thursday to 2| per cent from 3, at which
The reason for this doubtit had stood since June 18.
less is that the open market rate has steadily fallen
under the influence of liberal offerings from all quarters
and a very limited demand, speculation on the Landon
The cable reports
exchange being extremely dull.
discounts of sixty to ninety-day bank bills in
1^ per cent.
The open market
rate at Paris
London
is
2f, at
The
that is the month of June, 1891, they were merely Berlin it is 3i, and at Frankfort 3^ per cent.
of
the
bullion
during
the
extension
England
gained
£56,000
of
this
Bank
of
prospect
in
nominal, $89,900,
cessation in the week.
the
course
This,
as we are advised by special cable to us,
Of
bonds.
cent
per
4J
deposit of legal tenders does not stop the contraction was due to the import of £392,000, principally from
of bank notes, which goes on under the old deposits, Australia and Portugal, the export of £10,000 to
and the shipment of £326,000 to the
The Bank of France
Great Britain.
hand, there is not only the extension of 4^s at 2 per gained £400,000 gold
Foreign exchange was dull and firm early in the
cent, but the decline in the 43 to 116^, which favors,
and hence must tend towards the rapid formation of week by reason of a fair demand and a light supply of
new banks in the districts where they are needed, and bills. On Tuesday and Wednesday there was good
so that buying of stocks by the arbitrage houses for European
that means an addition of new bank currency
instead of their being only 15 millions added to bank account, which purchases were reflected in the exnotes in circulation, it would not be surprising, if busi- change market by libsral offerings of bills, and on
but
if
new deposits the contraction will
and gradually stop. On tho other
there are no
materially lessen
several points,
interior
of
;
ness should revive, to sec a greater increase than that.
Wednesday there appaared to be a large supply of loan
Furthermore, there will be the currency which the 4^ bills, not because bankers could use the proceeds to any
millions of silver bullion makes every month put afloat, better advantage in the timj loan branch of the money
which last fall was very largely offset by a loss in bank market, but for the reason that they considered
And, finally, the quieter business con- it safe to anticipate a decline in sterling as the result of
leading to the accumulation of currency in the movement of breadstuffs within the next thirty or
all our banks, so that they will in all parts of the coun- sixty days.
At the same time there was alight inquiry
try start the fall months with much larger reserves and consequently the
market was unsettled. On
note currency.
dition
is
than a year ago.
Thursday selling of stocks by the arbitrage houses
week have been the material made a demand for sterling which served to steady
drop in foreign exchange and the easy tone for money the market. On Monday the Canadian banks adduring the July settlements, the latter contrasting con- vanced the long rate to 4 87^, leaving the short unspicuously with the corresponding period a year ago. changed at 4
On Tuesday Brown Bros, reduced
89^.
It seem J that the drop in exchange has not stoppad the
the sixty day rate to 4'86^ and the sight to 4'&8i,
gold movement wholly, there having been an engage- while the C inadiau banks loware I both long and short
ment yesterday of #1,600,000 for export to-day. Cur- half a cent par pound sterling. On Wednesday Brown
The
features of
the
rency has continue! to arrive quite freely from the Bros, further
reducel the short rate to $4'88, Baring,
interior, so that
although shipments have been Magoun & Co. lowered both long and short one cent
a little fuller,
the
currency
holdings of
the per pound, the Bank of British North America reduced
binki
have
not
fallen
off
as
much as wag both rates half a cent, and the Bank of Montreal
anticipated
under
the
large
gold exports
at lowered 60 day half a cent and sight one cent.
On
the close of last week, and the absorption of cash by the
Thursday Baring, Magoun & Co. reduced both long and
Sub-Treasury this week. Altogether money has kept
short half a cent, and the Bank of Montreal lowered
remarkably easy. So far as represented by bankers' balthe long rate half a cent.
On Friday Brown Bros, reances the extremes for call loans have been 4 and 2 per
duced the 60-day rate to 4 86. The market closed steady
cent, averaging about 3 per cent banks and trust
com- yesterday, with nominal rates 4 86 to 4 86^ for long and
panies qnote 4 per cent as the minimum.
For short 4 88 to 4 88^ for short. Rates for actual business were
time the offerings of money are liberal, but are light
for 4
85i to 4 85i for long, 4 87 to 4 87i for short, 4 87i
anything above ninety days, while the demand isdiiefly
to 4 87f for cable transfers, 4 84^ to 4 84A for prime and
for four to six months.
R-ites are 4 per cent for sixty
4 83i to 4 84 for documentary commercial.
Gold to
days, 4| for ninety days to four months, 5 for
five the amount of $1,000,000
was shipped to the contimonths and oi^ to fr for six months on good Stock Ex»ent of Europe on Tuesday, (*500,000 by Lazard Freres
;
.
JULT
THE CHRONlCWi
4, 1891.1
ami $500,000 by Ladenburg, Thalmann & Co.), and.
200,000 was shipped on Wednesday by Heidelbach,
Ickclheimer & Co. The engagements for the steamers
sailing tc-day were 11,600,000 by Lazard Frcros.
These consignments went forward on special order.
Bank clearings are now watched with more than the
usual interest as furnishing an index to the course of
I
therefore be noted with
It will
trade.
some
satisfac-
Juno figures, which we have compiled
make
week,
a slightly less unfavorable comparison
that the
tion
this
In other
last year than did the figures for May.
words, the decrease is only 14-4 per cent for June,
Still, the signifiwhile it was 18 '6 per cent for May.
with
cance
circumstance
of that
that while in
lessened by the fact
is
May there had been one business day less the
present year, in June there was one business day more.
Thus the
37f millions.
ness
The
that extent.
to
effect of the contraction
Exchange speculation must not be left out of
consideration. In June last year stock speculation was
not particularly active, and yet the share sales the
in Stock
present year were nearly 1^ million shares less than
The market
then.
June, 1891,
value of the share transactions for
only 233 million dollars,
is
million dollars
against 322
being a decrease
year,
last
89
of
The market
of
1891 were not
they reached
value of the sales was only
against
1,668 millions this year,
2,116
millions
last
At 2^ checks to each
would account for 1,120
year, or 448 millon dollars less.
transaction this 448 millions
millions of the 3,117 millions deorease in clearings for
In the following we furnish a com-
the six months.
parison of the half year's clearings for a series of years
at a few of the leading cities.
XCHANOES rOS
(OOO.OOOiomittsd
BIX HOKTU8.
1891.
New York
Baltimore
Chicago
St. Louis
cities
Total
1888.
1888.
I,
18S4 TO 1891.
1886.
18S7.
1886.
1884.
iJ«,744 34,848 31.276 33,708 31,814 16,783 33.303
3,407 3,61)0 3,298 3,100 1,632! 1,336 1,422
Total
Other
TO JDLT
3,381
1,822
347
Philadelphia...,
1
3,088
537
275
423
16,056
a,807
Boston
1890.
JANUAHT
t
«
t
t
«
I
18,780 lr.456 14,776 ir,f«i 16,083 11.886 ir,864
a,613 »,S75 3,124 3,962 8,007 1.606 1,6«4
1,538 1,693 1,365
1,853 1,783
1.085J 1,368
287
344
377
310
285
285
1,911
1.68b 1.482
1,418 1,185 i.oee 1,161
438
552
475
441
382
370
413
23(1
263
263
214
18R
187
262
3~6
381
398
878
281
274
268
t
Moreover, the ratio of decline is heavy in both cases.
New Orleans...
It would however be erroneous to conclude that the
San Francisco.,
decline represented a falling off in mercantile busi-
months
sales for the six
quite 30 million shares, whereas in 1890
ar.034 3»,151 3T,306 33,674 33.808 33,446 18,118 34.726
all
New
York. 10.«78 11,S«1
«,748
7,364
6,733
6,871
N.Y. clearings, less
S^ times st'ck sales 11.885 13.487 13.301110.883 11,063
8,561
6,528
9,04
Outside
It will
be noticed that except at
the decline in speculation
all
New
York, where
has played such an impor-
tant part, the 1891 clearings
those of
8,788
9,'?62
compare quite
other years but the
last,
well with
the aggregate of
At an average of 2i checks to
million dollars.
the cities outside of New York being in fact larger
each transaction this decrease of 89 million dollars
than in any previous year barring only 1890.
would represent a falling off in clearings of 322
The record of mercantile failures also is an unfavormillion, thus accounting to that extent for the 734
able oae, and yet is not nearly as bad as might have
million dollars decrease in total clearings for the
been expected under the circumstances. It must be
month, and reducing the ratio of decrease accordingly.
remembered that the financial panic last November and
Moreover, the decline in Stock Exchange spaculatioa
the long period of stringent money preceding, put merat New York does not reflect the full measure of the
chants to an unusually severe test, and it was inevitable
importance of that item, since at Boston and other
that with the resulting loss of confidence many of the
points speculation was also very quiet.
It will be obmore venturesome and least secure traders should be
served, too, from the following that the decrease outside
New York
of
for the
month was only
6*3 per cent.
parent.
MONTHLY CLBARINQS.
1891.
I
4.»39,U3, 730
3.M9.471,,428'
5,,255,445,3461
-«-0
4,,448,730,858'
-11-2
4,811,421,,507]
4,,M0,485,10e!
-9-2
1st guar.. 13,100,238,871 14,345,881,110
1
April
4.785,398,,124
May
4,;89.580 ,812
June
1
—8
7
reaches 6,074, against 5,385 for the half year in 1890
and 5,603 in 1889. The increase thus is comparatively
and cannot be taken as reflecting any general
We annex a statement to
the show the failures for the first and second quarters sep-
6,934,813,719
-6-9
small,
6 months. 27.033,82.''.268 30,151.200,432 -10-3 10,978,051,346 11.361.673,28:)
-3-4
condition of insolvency.
.
13.933.686,597 15,805,539,322; -11-8
5,585,457,659
For the half year the decrease in the
clearings
of
is
total of
3,117 millions, or 10"3 per cent.
New York
the decrease
or 3 '4 per cent.
is
Outside
only 383 million dollars,
In explaining the decrease
of
3,117
Exchange speculation
is again one of the main factors.
To show how the
shares sales at New York compare for this period m the
two years we give the following table in our usual form.
arately for a
in this
SSW T»BK STOCK KXCHANOE.
1801.
Fo^ues.
Number
of
aiura.
Par.
t
Jaa
...
6,818.788
640.138,550
Keb....
3.275,894
H.648.978
318,304,825
March.
I
348,087,315
1st qr 12,641.661 1 ,208,530,520
April.
Uiy...
June..
2d
I
I
I
Number
..Ictual.
7.183,818
699.306,920
6,288,233
616,844,000]
3,878,614
300,688,525
of Sharee,
«
268,489,862
175,863,817
195,297.053
$
546,418.800
472,192.000
383,144,125
31.'>,979,«02
639,450,782, ie,049,88£ 1,401.752,925
801,661,603
422.983,510
304,188JW7
8,353,010
5,198,190
4,497,653
6,082,477
466,455,200
3;2,333,S86 ll,06«,779 1,051,139.065
233,397,187 6,140,123
618,713,026
311.174,518
234.407,848
>128,878.868
322,128,809
qr. 17,450,664 1.706,6S9,4M 1,028,714,083 21,676,371 !,0(I«,S07,S90 T2->6,307,»7«
<BBOS.
1
-I28,992,225 2,913,069,866 1,668,164345 37.625,241
1.438,060,316 2,iie,ae».«ir7
number
also the
.
rear*.
1885
1886
1887
1888
1889
1990
1891.
Por.
way
It will be noticed that
of years.
oompirison as to the number of
failures is quite encouraging.
millions, the falling off in Stock
SALBS OP STOCK8 KT THK
Dun &
1
-0-9 1,88»,518,330 1,904,534,!,973 -0-8
B,,881.786,427 -18-8
1,888,822.090 2,096,253 665 —10-2
'3
5 ,092,836,756 -14-4 1,813,117,239 1,934.025,.081
4,,823,118,139
4,358,629,,881
3d quar.
of R. G.
amounted
Clearing Outndt Ntw York.
to $92,416,267, against $65,319,384 in the six months
1800.
P. 01.
When we look at
of 1890 and $65,828,853 in 1889.
the number of the failures, however, it becomes evident
1,982,344,370 1,981.016.938 +01
1,644,034,332 1,628,251,:112 +1-0
that the liabilities are large simply because of some very
1,785,311,985 1,817,561,),516 -8-9
large individual failures. The total for the six months
6,392,593,687 5,426,859,664 —08
CleaHntl. Total AIL
VtlbmaTj ..
March.. ..
weak condition became ap-
According to the statement
Co. the liabilities of the failed firms in 1891
Month.
Janoary.
forced to the wall as their
First Quarter.
Kumber
Failura.
3,658
3,203
3,007
2,948
3,111
;.
3,223
3,546
.
—
Second 9uar(«r.
.
Amouyit of
Number
Amount oj
lAabtlities.
Failure:
2,346
1,953
1,905
2,241
2,292
2,162
2,529
$28,601,304
20,752,734
22,976,330
29,229,370
22,856,337
27,466,416
50,248,636
$46,121,051
29,681,726
33,161,762
33,S84,789
42,972,516
37,852,968
42,167,631
LiabUUiet.
It deserves to be pointed out that Pennsylvania and
the Southern States are quite prominent in showing
Bat in these Southincreased failures and liabilities.
ern States a great deal of development has been going
on in recent years, and with the check to enterprise
which the events of last autumn gave, it was natural
that the South should feel the pinch and the disturb-
ance more than any other section.
.
.
THE CHRONICLK
monthly
The Chicago Burlington & Quincy
ments
state-
becoming very much more favorable-that
are
lVol, UII,
Bullion holdings of European banks.
July
Bank of
below those of
«,
Jltll/3, 1890.
1891.
Total.
SUver.
Gold.
Ooli.
Ibtoi.
Silver.
fall
while gross earnings continue to
£
£
£
£
£
too), the company
amounts
large
quite
in
(and
81,234,689
ago
28,254,067 21,234.689
28,254,0.57
a year
BnKland
53,187,000 50,699,000 104,088,000 62,838,000 50,874,000 103.710.000
expenses to about the same Krance
is managing to reduce
29,533.134 14.767,6«6 44,302,700 28,321,333 14,180.687 42,482,000
Germany*
changed.
little
very
earnings
4,999.000 16,3 (4.000 21,333,000
5.457,000 16,409,000 21,866.000
Aust.-Hun'y.
extent, leaving the net
and shows Nettaerlaiida.. 8.019,000 6,700,000 9.819.000 6,111,000 5,589,000 10,680,000
The May return has been received this week,
4,172,000
2,781,000 1.391,000
4,426,000
1,475,000
2.950,000
Nat. B'lgium*
In other
narrated.
precisely the state of things here
Tot. this weeb 133,602,101 88,050,566 212.6.->2,767 116,283,022 83,328.68: 203,611.689
compared with Tot, prev. w'fc 124,660,771 89,740.000 214,290,771 1 lo,616,640|83,465,067 203,061,307
words, gross earnings have decreased as
but net earnthe corresponding month of 1890 1368,085,
a reduction
to
owing
ings have increased a trifle ($5,414)
of the
months
earlier
In the
of $373,499 in expenses.
FORM.
short
considerably
fell
expenses
year the contraction in
months
five
us to say that we regret
necessary
for
the
for
scarcely
that
It
is
so
receipts,
of the loss in gross
a the changes Secretary Foster has introduced this
from
reduction
large
a
show
earnings
net
to May 31
But even for this period the saving in ex- month in his Treasury statements. Had the only alyear ago.
IS
is
. .
TREASURY STATEMENTS UNDER THE
NEW
The decrease
is noteworthy, reaching 11,255,896.
over
in gross earnings however in the same time was
net
in
loss
the
two million dollars ($2,036,053), so that
is
crop
corn
season's
last
The failure of
is $780,157.
penses
of course
chiefly responsible for the diminished traffic
teration
been to include hereafter in the general bal-
ance the
money held
in depositary banks, the
step
would have beed approved. But no one can help looking upon the debt statement, as given to-day in a
subsequent column, without admitting that the De-
the present year, and it is interesting to note that the partment has shown great lack of confidence in the
For if such publications have any purpose,
passenger earnings show an increase as compared with public.
1890 both foi May and the five months, the increase that purpose is most certainly to impart information to
in the one case being $104,462 and in the other $329,578. the ordinary reader, and in that view the new form is
The Chicago Milwaukee & St. Paul statement for clearly a mistake, since it tells us much less than the
has also been received this week, and shows $97- old form did, and the old form told us much less than
Or,
293 gain in gross earnings and $57,921 gain in net the form used under the previous administration.
The Canadian Pacific presents the same if the object of a monthly report is to ensure general
earnings.
favorable exhibit as heretofore, its net for May, 1891, confidence and remove incipient distrust by inviting
May
The public scrutinv, the changes are equally unfortunate,
being $589,639, against $467,965 for May, 1890.
Bio Grande Western, as in so many previous months, as important items are now lumped in a way which
reports a gain in net of over 100 per cent, the figures serves more to excite suspicion than to quiet doubts.
standing at $72,633, against $33,911. The Southern
For instance, the new debt statemant, will not indiPacific, on its Atlantic system, shows net of only $205,- cate hereafter that very important item of information
054 for May, 1891, against $341,419 for May, 1890, and the monthly debt increase or decrease. It will state
presumably the loss follows from interruptions and changes in debt, and changes, too, which are not real at
extra expenses occasioned by floods earlier in the season, all for the Treasury Department hi^s strangely enough
the damage from which had not yet been repaired in May. preserved the first half of the deb*; 8tatem3nt and cut
;
—
Louisville & Nashville also again reports a loss, the off the last half in other words, the a;?couut which
net for 1891 being $491,973 and for 1890 $574,604. was complete as a whole has been divided in the centre,
The Louisville New Orleans & Texas last year suffered and hence the results reached in the first half mean
from the overflow of the Mississippi, and hence now nothing. Look at the details as published on another
has net of $53,754, against $1,571. The Savannah page,
8 and 9) and one needs but a moment's glance
The
(pp.
Americus
& Montgomery
has net of $11,771, against to recognize the oidity of the arran'^e:n3!it.
What
Several coal roads have also furnished ex- propriety is there in putting the g)ld, silver and cur$11,500.
hibits for May.
The Central of New Jersey shows but rency certificates in the " Recapitulation " of the debt
slight changes
$15,771 decrease in gross and $4,815 charges unless the items of cash which ofE^'ct them
decrease in net. The Erie also has but slight changes
are incorporated
Why are the Treasury notes of 1890
—
—$47,634 decrease
?
in gross
and $2,447 decrease in
net.
statement unless the bar silver
Pittsburg has net of $95,974, they
stand against is also represented. It is no explanaagainst $72,719
the Columbus Hocking Valley &
tion to say that a correct statement of debt increase or
Toledo for April $109,819, against $139,960. Among
We presume that is true,
decrease was not intended.
other roads, the Ohio & Mississippi for May has $29,298
but whether intended or not the exhibit cannot be jusdecrease in gross and $2,947 decrease in net, and the
tified, for in its present shape it is not only misleading
Detroit Bay City & Alpena has only $13,282 net this
but actually grotesque.
year, against $26,503 last year.
Anotlier change in the monthly statemants made is
The following gives the week's movements of money
dropping the liability item "accrued interest." In an
to and from the interior by the New York banks.
"authoritative statement" put out with the monthly
The
Bnfifalo Rochester
given a place in the
&
;
W«k MmMm Jvly 8.
SMnniby
IWl.
N.T.
OaiTMicj.
Jlankt.
•e,491,000
«M«
1.100.0U(I
TiX«l
giiUI
hbA
lMr«l
utn^en
•t!,A91.00n
N. r. Btnu.
^fetlntertor
M<yvtment.
*1,609.000 aalll.$3,982,000
400.01 '0 Gain.
700,000
tl,90!l,0<>i(
"aln.»4.682,oco
Hesult with Sub-Treasury operationsand gold
exports.
WM XhMk July
».
IML
Banks'latmlnr moTemeiit, a* aboT*
opar. and gold exporu.
Sak-TrMM.
ToM (Old aod lotral tendon ...
Inte
Banlu.
•e.S91,000
!S,100,000
Outo/
Banltr.
Ntt Change in
Bank
Holdinot.
•1.909.000 Qalll.$4,6B2,0O0
28.SuO,000 Lo.'S. 5,700.000
•SH.sei.ooo $ib,\o9.ooo Lo«B.«l,018,000
figures, it is said
"the Secretary holds that
that
if
"accrued interest may be charged as a liability against
" cash, then with equal propriety accrued salaries can
"be so charged, or in like manner the accrued liability
"for the construction of public buildings or for the
" improvement
of rivers
and harbors."
The
liability
items the Secretary cites as illustrations of his contention are
not analogous, and would not strengthen his
position iflhey were.
For
if
ence, as the Secretary says,
there really is no differbetween accrued interest
;
Jolt
4,
THE CHRONIOLE.
1801.1
and accrued salaries, the only fair conclusion is that ernment, occasioned by the death of Secretary Winaccrued salaries ought then to be included in his state- dom.
The effects of the new tariff law can not yet be
ments. That becomes evident if one only keeps in
mind the purpose in making public any summary of clearly foreseen. The measure was passed last October,
accounts.
The Treasury Djpartmont is not a [)rivate and while the greater part of the law went into operaor an isolated affair, but
lector
and
it is
such an extensive
disburscr of cash that there
col-
no industry
or less under
is
which is not more
and within the control of its daily
This alliance too with
and monthly transactions.
the money market and with the commerce of the
country is rapidly becoming closer year by year,
as the Government becomes more entirely the source
and centre of our currency supplies. These exhibits
then are intended to display as fully and as clearly as
possible every detail in Government receipts and disbursements, so as to guard against stupidity or dishonesty in official methods, and to prevent ignorauce or
mistake on the part of the public. Under such circumstances it is hardly necessary to say that acciued
liabilities, where
they can be fi.Ked and known,
are a material and desirable part of the informathe country
in
the
influence
And furthermore, as to accrued inon funded debt, it is uniformly held to be a
needed item in every balance sheet.
We see this forcibly illustrated in the practice pursued by the InterState Commerce Commission, which by the way is only
another department of the United States Government.
tion given out.
terest
some important provisions did not go into
till July
tion at once
effect
till
the 1st of April and some others not
the close of the
1,
fiscal year.
that on the whole the
duction in revenues.
stated, the appropriations
exceptionally liberal
It is expected,
however,
new law will work a decided reAt the same time, as already
by Congress have been on aa
As a result of these two
scale.
seems likely that the late year will contransition period between the old conditions and the new
between an era of large surplus
and heavy debt reduction, and an era when there will
probably be little or no surplus on the ordinary Government operations, and when debt reduction, consequently,
will cease, at least for the time being.
operations,
it
stitute a sort of
—
With
this prospect before us, there is great pleasure
what has already been accontemplating the wonderful reduction
of the national debt which has been going on for so
in studying the records of
complished
many
—
years,
and which
for the period since the
an aggregate as imposing as
represents
and
in
as flattering as
it is
it
is
war
unique,
Some noteworthy
creditable.
changes have been instituted in the Treasury method of
bookkeeping with the present statement which render
That Commission requires all railroads in their general it rather difficult to make comparisons with other
balance sheet, in addition to ''capital stock," "funded years.
These changes are set out and commented on
debt" and " current liabilities," to state also "accrued in the preceding article, and we do not intend to refer to
'interest on
them here except
funded debt not yet payable."
so far as
may be necessary
to elucidate
our mind the most objectionable change in- the figu^s used and make the comparisons correct.
troduced is the unfortunate mingling of silver bullion
One of the alterations consists in the entire omission
But
and
to
bought or held under the different
For instance, heretofore on the one
hand the old standard dollars and the bullion and certificates have been stated by themselves clearly and unmistakably, and on the other hand the dollars coined and
bullion held under the la.v of 1890 have also appeared
just as distinctly by themselves.
Under the new form
all silver dollars are lumped in one item and all silver
bullion is lumped in another single item.
Our readers
silver dollars
laws of Congress.
will at
any statement to show the net amount of debt after
deducting the cash in the Treasury and allowing for
current liabilities.
It therefore becomes necessary to
of
compute the amount, and we
in this acerued interest
is
figure
it
as $851,912,751
disregarded, while the frac-
which under the previous adminiswas considered unavailable, has been counted
as a full Treasury asset.
Both items tend to reduce
the total of the debt.
Nor is the principal of the Pational silver coin,
tration
once understand the irregularity of this proceed- cific Eailroad debt ($64,623,513) included in the total,
new method covering up just the information the nor the $14,000,000 Navy Pension Fund. Our inten-
ing, the
public needs,
making
it
quite difficult,
if
not impossi-
what may hereafter be done in coining the
bullion held under the law of 1890 into dollars, or in
issuing the dollars held under the same law of 1890.
In other words, the whole subject of controversy about
that bullion and those dollars and certificates issued on
the seignorage is put beyond public knowledge, as if
out of sight meant out of mind.
ble, to learn
tion has been
FISCAL YEAR.
conform
as nearly as possible to pres-
—
for
GOVERNMENT OPERATIONS FOR THE
to
Treasury methods, so as to avoid confusion and
facilitate comparisons.
If now we compare this net amount of the debt at
$851,912,751 with the amount of the debt when at its
highest— that is with $2,756,4.31,571 on August 31,
1865
we find a reduction in the interval of not quite
This is an average
26 years of 1,904^^ million dollars.
ent
a
the whole 26 years of over 73
record
to
The funded
which we may well.
million dollars,
refer with
or interest-bearing debt
is
pride.
now down
to
A
review of Government finances and debt at the end $610,529,120, this being composed chiefly of the 4 per
of the fiscal year is always interesting, but is especially cents of 1907.
The Pacific Railroad bonds and the
so in the present instance
for the late year will stand Navy Pension Fund are disregarded, as in the other
;
many
respects^s one of the most notable and event- case.
On August 31, 1865, the total of the interestful in the country's history.
It marks the enactment bearing debt was $2,381,530,295, so that the reduction
of a new tariff and internal revenue law ; a great in- in that item is 1,771 million dollars.
in
and other appropriations the i)asLooking now to see what the reduction during the
law making compulsory the pur- late year has been, the total of the net debt t $851,chase of
million ounces of silver a month; and the 912,751 on July 1, 1891, would seem to co -.pare with
covering into the Treasury as a general asset of the $876,784,370 on July 1, 1890, giving a de .ease in the
national bank note redemption fund.
Furthermore, debt for the twelve months of about 25 million dollars,
the year has been cnaracterized by a change of execu- or say one-third the average of the last 26 years.
The
tive heads in the financial administration of the Gov- reduction in interest-bearing debt, however, has beea
crease in pensions
sage of a
new
^
silver
;
•
THE CHKONICLE.
6
very
larger, the present total of that
much
Government, and comprised in the desig-
tures of the
item at
ago.
610,529,120 comparing with $711,313,110 a year
during
decreased
In other words, the funded debt was
[Vol. LDI,
nations Civil and Miscellaneous, War, Navy, and Indi-
dollars. The
the twelve months over a hundred million
after allowhowever,
debt,
the
actual net diminution of
stated,
already
as
was,
Treasury,
the
ing for cash in
ans, reached the large
sum
of
38f million
The
dollars.
aggregate of these expenditures for 1891 was 193^ million dollars, against but 134f millions only three years
We have said that ijension payments
during
1891 had risen only 17^ million dollars, but the
This agrees pretty well,
only about 25 million dollars.
total
of
these payments has now got up to 124^ million
disbursements
too, with the statement of receipts and
dollars
this a quarter of a century after the close of
the
by the Government, where the excess of receipts for
If
the
war.
In 1879 the item was only 35 millions.
According
twelve months is about 27 million dollars.
$48,add
the
pensions
we
spent
for
to
the
$124,415,110
Department
to the form prepared by the Treasury
during the same twelve months for the
the excess is only about 12f million dollars, but that 723,116 spent
support
the
War Department and the 126,115,098
of
on
disbursements
and
tikes into account the receipts
support of the Navy, we have a total
furnished
for
the
to
have
items
which
Fund,
the Bank Note Redemption
before, in 1888.
—
In
be eliminated in order to get at the true status.
the following we show the Government receipts and
expenditures for each year since 1879,
tlie
Eedemption items, which appeared for the
the
fiscal
first
time in
omitted.
Internal
Cust&lHS*
MUcellaruous
Revenue.
137,280.048
113,5«1,610
28,015,586
273.827,184
1880.
18«,628,0«5
124,009,374
22,995,178
333,626,611
108.150.676
135.244,386
27,358,281
300,782,293
uaa
820,410,730
146,497,595
36,616,925
403,525,250
1888
1884
«14,706,4»7
144,720,369
88,860,716
198,887,582
195,067,490
121,688,072
31,866,308
348,! 19,870
188S.
1U,47I,939
112,498,726
29,780,041
823,f90.706
1886
1887
193,905,023
116,805,937
86,728,767
336,439,197
2l7.aW,f93
118,823,391
85,292,993
371,403,277
81l',091.174
124,296,872
35,878,029
879,266,075
823,832.743
130,881,514
82,3'i5.803
387,060,0:9
1888
1881
Year
'
ending
June 80.
Ordinary.
I
829.668,584
142,6(6,:06
819.900,868
145.943.281
80,805,092
i6,626,812
Is
spends that
much
40.'!,0f0,982
3»g,470,751
Excea
Premium*
o» Bondt
of
Receipti.
much
;
than those
a nation
among them
all
that
a year on its military establishment ?
By counting the 100 millions of gold reserve,
by treating the fractional silver coin as available, by disregarding the accrued interest, and by covering into
the Treasury
Fund
I
\m....
188,408,4831
119,312,8891
8,796.820
36,181,482 105,387.949 286,947,884
58,777,174 95,767,576 867,642,958
127,083,618
1,061.849
60,059,280
18S,5S9,039
61.345.194
82,508.741 |2eO,712,t88
71,077.807 257,981.440
100,069,406
1888....
1888....
140,835,4831
68.012.574
69,160,1 31 :265.408,1S8
132,879,444
1884...
184,118,888
65.4i«,-328
104,393,626
I88B...
108,788.418
66,102,867
54,578,378i244.186.S44
51 .386.25»j2«0.228.935
1888....
188.498,188
63,40t,864
60.680,146 242,483,138
93,966,669
1867...
146,161,601
75,089,102
47,741.677^267,932,180
;
6,870,300
65,883,653
145,643,810
63,468,771
1844880,443
8,270.R42
80.288,509
103.471.097
44,715,007 267,924,801 +111,341,274
lfi8.37D.8gS
17.892,868
87,624,779
41,001,484|299,288,978; +87,761,081
the
as directed
able to
National
Bank Note Redemption
by act of Congress, the Secretary
now
make up
show
a total available balance
We
is
of 1153,893,-
the figures in
have only, however, to
for a year ago to see what an important
change has occurred in the interval. The, balance at
that time on the old basis was stated as $55,409,748.
809.
the
same way
Adding
to this the $23,002,008 of fractional
$100,000,000
iPwchased,
U80....
IMI....
UM..
there
ing armies.
Expenditures.
liteal
are so
mensions.
1879.
I
we
boast
European nations which are burdened with huge stand-
8
18B1.
we
yet
from taxes
better off
These heavy expenditures possess the more significance in view of the fact that the net cash balance held
by the Treasury has now been drawn down to small di-
from-
lUcal Years ended
June 80-
almost 200 million dollars spent for military pur-
poses in a single year out of the receipts
Bank Note and
year 1891, being, for the reason already stated,
Receipts
of
National
Bank
coin, the
$55,619,359 of
Fund, and the $11,581,347 of accrued
of
gold reserve,
the
and matured debt, we get a grand total of
$245,612,462 for June 30, 1890, to correspond with
interest
the $153,893,809 balance
That
is
reported the present year.
to say, there has really been a reduction
the twelve
million
months
dollars.
during
in the available balance of over 91
Even
if
the accrued interest and
the balance
154 700.84^ 80.804.224 106,936,855 38,099,884 318,040,710j +)^6,040,27J matured debt be left out of the calculation,
1891...
198.608.748 10,401,820181,415.110 37,127,20r366.<47.a74' +37.021.477
would show a reduction of 80 million dollars. If it be
"^P'*™'"™" »»'<'. the act lalexcos
1888 is 1119,612.116;
.*,^°J^'V
to I88»|1C6,IJ»8,44«; In I»90»109,S41,496, and in 1891 837,424,697.
asked what became of this large sum, the answer of
From this we see that the surplus for the late year course is that it went to redeem bonds in excess of the
was really larger than 27 millions. The amount paid amount of surplus remaining on the year's receipts.
for premiums on bonds purchased was only about The money holdings of the Government reflect the
half tliat of the year preceding, and yet reached 110,- diminution in the balance available in the same strik401,220.
Hence, by adding this on we find the true ing way, for on June 30, 1891, the Government had
surplus for the twelve months to have been about
37| only $205,159,721 of cash in sub- treasuries and
million dollars.
Even on that basis, however, the sur- depositary banks, against $287,782,853 so held on June
plus is the smallest of any year since 1879.
Only the 30, 1890—a reduction of 82^ million dollars. The net
year before the surplus was over 105^ million dollars.
gold held diminished during the twelve months from
It might be supposed that the falling off
represented a $190,232,404 to $117,667,723, or somewhat over 72^
very large diminution in the year's revenues. But these
million dollars.
1890...
\i\
£91''
latter prove to
have been only about lOf million dollars
than for 1890, internal revenue receipts having
actually increased, while the customs revenues
fell off
only 9} million dollars, of which
7i millions occurred
in Jane, the closing month.
less
The reason for the reduced surplus is found chiefly in
heavily-augmented expenses. We know of course
that
pension payments were heavier, but the
augmentation
there was only 17i million dollars.
There was also an
increase of about a million dollars in interest
payments
following from the anticipation last autumn
of interest
RESULTS ON
NEW YORK
usual promptitude, the
CENTRAL.
New York
With
& Hudson River Railroad Compan/ has
its
Central
this
week
issued a statement of its op3rations for the quarter end-
1891.
This brings the results down
though of course the figures are partly estimated and subject to correction when the accounts
ing June 30,
to date,
have been audited.
The statement shows the one per cent dividend to
have been fully earned in the quarter, with a surplus
on » large amount of the bonds. On the other
hand,, above the dividend about the same as in the correspondlihe increase in what are called
the ordinary expendi- lag quarter of last year, and hence must be regarded as
.
.
-
.
1
1
Jolt
THE CHRONICLE.
4. 1801.J
Tery satisfactory.
The New York Central
of course was
only indirectly affected by the depression in the iron
trade and the strike in the Connellsville coke rejfion,
and the not earnings about
$350,000 decrease, in place of $11,000 increase. The
Syracuse Ontario & New York is included for the
of $772,000 increase as now,
unlike the Pennsylvania its lines do not run whole twelve-months of 1890-91, but, as remarked above,
through the groat iron-producing section. Last season's has been earning only about $100,000 gross a year. The
short grain crops, however, and the quietude of trade conclusion is that a comparison embracing the new mileand check on new enterprises resulting from that cir- age for the same length of time in both years would show
cumstance and the financial panic of November are influ- a loss in gross earnings of about $350,000 and a loss
ences that would naturally bo expected to exert a de- in net earnings somewhat larger.
Under the
But such a result is not unsatisfactory. In the first
cidedly adverse effect on the road's traffic.
circumstances, therefore, the fact that the road has in place we are dealing with heavy aggregates gross earnthe final result done as well as it did a year ago, when ings of 38 millions and net of 12@13 millions so that
In
the grain movement was large and the trade conditions the ratio of decrease would in any event be smait
ort
the second place the result covers a period of
favorable, is very encouraging.
It is difficult to make a direct comparison of gross crops, of financial depression, and of inactive trade, witti
and net earnings between the two years. Taking the our industries in an unsettled condition. Finally and
statement as it stands there is an increase over 1890 of most important of all it covers the period of the great
$1,107,277 in the gross earnings for the quarter and of strike on the Central. This strike has almost been lost
1534,854 in the net earnings. This, however, does not sight of now, but occurred during the first quarter of
mean that there has been growth to that extent, but the fiscal year which has just come to a close that is,
simply that operations in 1891 are based on a larger it occurred in the quarter ending Sept. 30, 1890. Some
mileage and include roads not included in the year idea of the importance of that event in affecting the
This becomes further evident when we year's outcome may be judged from the fact that the
preceding.
observe that with net earnings increased $534,854 statement for that quarter showed a loss contrasted
fixed charges increased 1534,516, or practically the with the corresponding quarter of 1889
of $680,967
same amount, leaving the profit for the stock, as already in gross earnings and of $545,308 in net earnings.
The
said, at almost identical figures with a year ago.
The same circumstance is also to be remembered in
Rome Watertown & Ogdensburg is of course the prin- considering the profit earned for the stock during the
cipal new road included, but the Syracuse Ontario twelve months ending June 30, 1891. We have already
A New York is another, that road's accounts being now stated that the net earnings above expenses for the
incorporated with those of the New York, Central twelve months are only about $11,000 larger than for
instead of being separately reported as before.
It is the year preceding, notwithstanding the increase in the
proper to state that the operations of the Beech Creek extent of road operated.
But because of the increase
are not included, although that road has been leased to in mileage and the new obligations assumed thereon, and
the New York Central since October 1, 1890.
also because of an increase in the Central's own charges,
The Rome Watertown & Ogdensburg in the corres- fixed charges in 1890-91 were fully a million dollars
ponding quarter of 1890 earned 1961,864 gross and greater than in 1889-90. As a consequence, the profit
1365,170 net, which alone accounts for the greater for the stock was just about a million dollars less. In
part of the $1,107,377 increase in gross and the $534,- other words, as against $4,662,462 left for the stock in
854 increase in net shown by the New York Central 1890, the amount in 1891 was only $3,667,050. Stated
the present year in the quarter.
The Syracuse Ontario in another way, the road earned 4*10 per cent for the
& New York can not have affected the comparison much, stock in the late year, as against 5 '22 per cent in the
since that road earned only $117,134 gross and $9,639 year preceding.
We annex the following table to indinet in the whole of the twelve months ending Septem- cate the yearly results on the Central back to 1872.
since
—
—
—
-
—
—
—
—
Thus it is evident that if the New York For the last two years the aggregates are to June
30, 1890.
Central figures were on the same basis in the two years the 30 ; for previous years to September 30.
changes in gross and net earnings from 1890 would be
Inferat
Surplut
mvMi
Net
Set
Orots
comparatively slight a small gain in gross and also Yean.
and
or
Dividend:
Profit-
—
Eaminos.
Earning*.
That, however, as already said,
must be considered very good, in view of the many
unfavorable conditions prevailing the present year.
The
known, now ends June
30, and therefore with the accounts for the June quarter we also have those for the twelve months.
It will
be interesting to see what the result is for this latter
period.
Gross earnings we find have increased as compared with the twelve months preceding $771,910. Net
Central fiscal year, as
DtMit.
RentaU.
a small gain in net.
is
earnings, however, have increased
only $11,232, notthe additional roads
withstanding the inclusion of
mentioned above. As to the effect of this inclusion on
the comparison, the Rome Watertown & Ogdensburg
187S...
25,580,675
tSTS...
89,128,851
1874...
81,850,337
187S...
89,087,218
1878...
38,048.588
1877...
28,579.086
1878...
28.910,555
187«...
28,3W1,584|
12,273,511
1880..
33,175,913
15,3i6,0ly
18S1...
82,348,39
12,883,610
1888...
30,828,781
18S3...
33.770,7221 13,080,188
•
11,238,807'
1884...
28,148.0891
10,299,358
1885..
24.429.441
8,110,069
1888...
30,508,381
11,896,984
1887...
86,297,058
13,908.432
18-18...
11,506,582
35,e9«,a3ni 11.<8J,89S
8'',00l»,4O4l 12,518,873
37,780,S1»! 12,627,506
1889 ..
1890..
operations were merged with those of the Central from
and after the 14th of March.
We cannot tell
$
9,134,239
11.484,863
13,288,089
11,786,110
11.93 ?,418
11,632,924
12,774,578
188M.
38,132,9201
t
t
1,163,36)'
7,971,871
1,861,806
9,5'^,0S7
9,713,365
3,548,734
7,339,196
4,425,915
7,218,076
4,709,340
8,943,347
4,889,6771
8,038,446
4,738,1821
7,5»1,43«
4,879,025
4,758,799 10,589,230
7,892,827
4.990,783
6,743,904
5,488,903
7,837,166
5,893,972
4,888.780
6,830,593
2,176,343
5,983,787
4,eao,o«9
7,845.885
5,147,808
7,760,924
3,673,119
7,831,481
4,117,832
7,868,061
7,858.81)
4,482,482
8.860,451
8,887,080
P.m.
%
(8)
7,944,832
I
+7»7,03»
(S)
7,138,790 +8,386,367
7,138,886 +8,676,470
(8)
(8) +
7,138,679
(8)
7,lS9,e3H
(8)
7,140,869
+902.618
+78,648
-197,819
(8)
7,130,538
+8M,ai8
(8)
+464,938
7,199,638
7,141,513 +3,437,707
(8)
7,138,343
(8)
7.146,613 -1,401,600
(8)
(8)
(8)
+794,484
+170,094
7,148,133
7,160,844 -3,400,894
(3M)i 3,189,990 -968,048
3,677,I3« +1,073,067
(4)
(4)
(4)
(4«)
<4«(
(4)
s,6n,is» +1JS70,I»7«
+07,987
8,577,133
4,034,974
+9MM
4,094,273
3,677,133
+<3«>,I8»
f8«,0l8
18!»1 and 1890 fiscal year covers the twelve-montln enctin?
June 30; for aU the years preoedlaj; the tweWe-monthienrtlnnSopt. .30,
t In this ye»r 10
pnr cent altogether v.\* \\\\A. A.?. hiiw,.>v>!r, there
was no increase in therate of <livl(lenil,thoagitre(fatc(n<tril)utioa belnf
larger simply l>ecause of a ohauiio in tho liiviiieml periods from aemlanunal to quarterly, we have allowed only for tho ordinary 8 par cent.
mothol of ohar/^inij dIvidiMil* w.n ol>in?ed. thi
; In this year tho
*
For
what that road earned during the last half of March,
but for the period from the 1st of April to the 30th of
June the earnings last year, as already stated, were
October, 18S1. dividend of I'll per cent, which nnler the old arrange$961,864 gross and $365,170 net. With this added to ment wo ild have com? out of tho 1881-5 earntiKs, belat ohiirued to
accniuulatod Income, and the next four quarterly dividends, agnrejtatthe 1880-90 figures of the Central, gross earnings for ing
^^ ixT cent, charged to the I881-5earalngs, this plan hiviuj slooo
been rogulariy pursued.
1890-91 would show about $200,000 decrease, instead then
} Partly estimatetl.
'
..
.
..:
'
.. .
THE (JHRONICLE.
B
has been said and from the figures above it
seems unlikely that stockholdei-s will get an extra dividend this year (in addition to the one per cent quarterly)
From what
[Vol. LIII.
Railroads.
&
PhUa.
27^8
&
&
130
34
Richmond Terminal.
and 1889.
from the estimated results and show
crease in earnings and profits, the balance
small to warrant an extra distribution.
a considerable in-
An interesting fact in the table given
is
will
be too
that the total of
Soutncrn Pacific Co
Texas & PaciUc
Ann
A.
&
makes
it
distinction simply because of the increase in mileage
71
40 13
Do
Amer. Tob.
United States
37%
451s
803e
88
78I3
90
96
.
99
9
48
69
79
Co., jiref
Chicairo Gas Comp'y.
CUlc. .Tuaciion R.v...
80
Do
pref..
Cit'ZBDS' Gas.B'klvn.
46% Commercial
21
94
3II4
7213
36»8
16%
1938
SQig
.
104
93
Edison Gen. Electric.
Laclede Gas. St. L...
98
.
118
60
15
55%
73
79 18
771s
106
98%
44%
13%
Manhattan B achCo.
76 •« National Cordage....
I47I11
80%
100
7719
Cable .
Consolidated Gas Co.
Die. &Cat. Feed. Co.
Do
23%
21
1438
17ie
llift
37
35
88
861s
.
33% Brunswick (;o
Express.
American
pref.
Oil Co. .
Do
pref..
Sugar Refln.Co.
*Do
nref..
Am.
Am er. Tel. & Cable
1538
5I3
5
30I4
. .
Various.
7I3
34
97
104
40
260
36
pref.
Am. Cotton
15
9aj
146
113
Do
19
721s
171s
70
39
260
Ontario Silrer Min..
Pennsylvania Coal..
Quicksilver Mining..
III3
20 19
17
2221s 22413
Adams
Maryland Coal
Mian>sota Iron
Tenn. Coal & Iron.
65
Low. Sigh'
16
16
*LHliigli& W. B.CoaL
7li«
110
32
41%
Union Pacittc
Union PiC. D. &G...
Unlt'dN.J.KR.&Can.
clear that the total has attained this
I6I4
13
78
15 14
the gross earnings for the late year is the largest in WabasU
Do
pref..
the history of the company, the net of course being Wheel. &L. Erie
pref.
Do
Our review of the results, how- Wisconsin Cent. Co..
far from the largest.
ever,
40 1«
3014
I214
.
No. M.
<Ss Oliio Cent.prf
•rol.Peo. & Western.
Tol.
Tol.
3214
I5014
1279
C6ia
371a
Do
pref.
Last year there was a Mo Orande Western
Do
pref.
69
large balance, and the company could pay the addi- Rome Water & Oed.. 109
3018
St. L. Alt. &T. H....
But the present year *St.L&Ark.&T.rccts. 11
tional one-half of one per cent.
St.L.&S.F. let pi..
65
6
the surplus on the operations of the twelve months is StLoulsSoutliw
13
Do
pref..
only $89,918, or but a small fraction of one per cent. St. Paul & Duluth ...
28
Do
pref..
94
Unless, therefore, the audited figures differ quite widely St. Paul Minn. & Man. 103
as they did in 1890
Coal and Mining.
Low. Bigh.
Read. oerU.
Pittsb. Ft. W.
Chto.
Pitts.
W. iif tr. rec.
4914
lOlia
163,
4
31s
891s 1031a
102
pref.,
•National Lead Trust
National Linseed Oil.
North American Co..
Pacific Mail
'Pipe Line Trust
Pullman Palace Car.
105
16%
18>k
33
38
15i«
3738
70»s
ll'^S
321s
es's
Still, the larger earnings are evidence of Wells, Fargo & Co.... 143
144%
180
183
Coal and Mining.
Silver Kulilon certs..
9718 103
growing
magnitude of the company's operations, Colorado
the
3018 36
Coal & Iron
Tex. Pac. Land Trust
17% 17%
15
&Hock. C. &!..
1558
Western Union lieef
13
14
and the increase in mileage reflects the more aggres- Col.
10 14 12ifl Western Union Tol..
Home stake Mk
7Sie 8158
sive policy which has latterly been pursued in acquir* Unlisted.
x Ex dividend.
t Ex rights.
ing new feeders and protecting the system's territory.
The range of Government bonds sold at the Stock Elxcbange
In the matter of profits, as is known, a great change in June was as follows:
has taken place during the last decade, the company
GOVERNMENT BONDS.
4l3», 1891 4is»,1891,
1907, 4«, 1907, 6», c. '98, 6», e. '99,
now earning only 4 per cent on the stock while not
coup.
reg.
reg.
reg.
reg.
coup.
ni9
*xll4
•xll6
Openlne..*loo
119
-xlOO
many
years
ago
it
earned
so
8 per cent and over. The
*120
ni9i«
-litfis
Highest.. *100
1191s
'lOO
•114
•116
*100
116%
change follows in part from the building of the West Lowest. .*100
•1171s
•11713
•119
Closing..* 100
*100
117
•1161s
Shore and in part from other circumstances, some of
The
following higliest and lowest prices are from actual
which are common to the whole railroad system of the
sales at the New York Stock Exchange:
country, and have caused a reduction in railroad diviKANOE OF STATE BONDS IN JONE.
dends by all the leading roads in the United States.
Low. Bigh,
Low. High,
97
10214 IU214 So. Car. 6s Brown con. 97
Class A
Moreover, profits are smaller in other industrial enter- Alabama
Clasi B
IO814 IO814 Tenn. newsettlem't68.102is 103
106
llSis
Do
8ett.6s,8m'U.106
Dist.olCol.coup.3-65s.lll
prises, too, besides railroads.
IO214 IO214
Do
58
Louisiana cons. 4
Stjis
8^
Do
3s
69% 70
N. C. spec, tax cl. 3 ...
5
5
operated.
'
»,
5
RR. 5
Consol 1910 4s
100 IOC's
non fund.. 2 is
314
Spec'l tax Chat.
REVIEW OF PRICES IN JUNE— STOCKS,
G VERNMENT B ONDS A ND
FOREIGN EXCHANGE.
The
Viritlnia esdef. bODda.
Do
tr.
8
8
7%
rec, stamp.
7%
So. Car. 6s,
The daily posted rates for 60 days and demand sterling
exchange in June are given below, it being understood
that bankers' actual rates are usually a fraction below the
following table shows the highest and lowest
and miscellaneous stacks at the N. Y.
prices posted:
prices of railway
Exchange during the month of June, 1891
The unlisted issues are designated by an asterisk.
BAKKEBS' STEBUMO BXCBANOB (POSTED BATES) FOR J0NE, 1891.
Stock
BAILBOAD AND MlgCBLLANEODS STOCKS.
Low. Bigh.
Railroads.
16^
16S
Iowa Central .. ...
Kaii.boads.
Albany A 8u^cme
Atchison Top. ibS.Fe.
Atlantic A PBciUo....
Bait. * 0.8. W.pf...
291s
4»8
2I4
A So. Ills.,pf,. 135
BosKm* N. Y.A.L.pf. 99
Belle.
•Brooklm Elevated.
Boff.Roch.A Pitts
Do
2.1
32
7714
pref
33 »8
Do
5
Lake Erie
135
100
25
S4%
78%
Burl. C.
Rsp.ANor..
Ouiadlan Peciflc
2M8 32
76% 80
Oanatla Houtliern
4814
Ccdur
KiillK ct Mliin..
61(1
491s
6»8
Central of N.Jersey.. (IO514 115
_ Do
rights.
Central Paciflc
CkefcAC.Vot.Tr.cert.
Do
do Istpref.
Do
do 2d pref.
CWoMTOi Alton
Ohio. Barl.d: QulnoT..
CfclciEast 15......
Do
pref..
139
31
15%
45 14
28 H
2I4
31
171s
6914
94 14
ObldULABtPaul. 60% 64%
Do
pref.. 110
113
Ohio. A Kortbweat. .. IO314 109
Do
pref.. 129% 134%
Ohio. A Book Island.
m->(i 771*
Ohlo.eLP.Huin.&0.
23
2514
OL
821s
85
67%
^
Do
pref..
Ctn. Ctalo. A Bt. L.
Pitts
Col. Hock. Val. A Tol.
OeTeluid A
63 >«
148
148
23 19 2BI9
Delaware A Iliidsoii. 156 130 14
Del Lack. A Western Xl33l4 13714
Den. A Klo Grande...
15
17»8
Do
pref
D«iUolne«&Ft.I>..
.Tenn. Vs. & Oa. Ry.
Do
__ Do
BransT.
Flint
St
46% 66%
5
5
514
61*
1st pref.
2d pref.
SO
54
I314
Terre H..
141s
116
APpreMarq...
Georgia Paolflo.....
Great Notth'n, pref.
OratnBayW.ASt.
OUiiol* Central..
P.
128
leif 20
6i8
fil8
8Sis
7
873b
92
98
.
pref..
Lake Shore
Long Island
Louisville
&
Nashv..
Loulsv.N.Alb.&Ch..
I-ouis. St. L. .fiTex...
Manhattan consol.
Mexican Central
Michigan Central
Mllw. L. Sh.
Do
&
pref..
.,
„Do
M. K.
4
Do
pref..
T. ex.
2dM.
pref
Missouri Pacific
Mobile* Ohio...
Morris & Essex....
Nash. Cliatt. & St. L
N. Y.
Cent
&
N.Y. Chic. &
Do
Do
N. Y.
&
Hud.
R
Louis
St.
1st pref.
2d
iiref.
Harlem...;..
&
.N.Y. Lack.
West..
S. Y. Lake Erie
&W
pref
& New England
Y. 4 North, pi ef.
Do
N. Y.
N.
N. Y.Ont. AWest....
N. Y. Susq. AWest...
„
Do
Norfolk
Do
pref..
A Western
..
pref..
Northern Pacific
Do
pref..
Ohio A Mississippi
Ohio Southern..:.
Oregon Ry.ANav.Co.
.
Qreg. Sh. L. A U. N
Peo. Decat. A E'vllle.
Peoria A Eastern
Pitts. Cin. C.
1*0
12%
13%
55
57 Is
xl05is 111
9314 ceis
6958
19
12
99
I8I4
West.
Minneapolis &8t.L..
4I«
29
1241s 126
8S>« 89
621s
91>s
Do
21s
pref..
& West'n
Low. Bigh.
8i4
7
24
241s
89
80
102
4
9
7533
25
12
103
1476
25
1...
2...
3...
4...
5...
6...
7...
8...
9...
10...
11...
4 851s
48913
4 85I3-6 4 88
1 i-Ss
4 8913
4 89>8
.8.
2
..
,
13.
14.
15.
4 851s
4&5i«-G 4 89-ifl
16.
4 851s 4 89
17.
4 851s
4 89
18.
8
19.
4 85-13 4 88-is 20.
4S5-is 4 88-is 21.
22.
4 85 Is 48BI3
4 85is-6 4 881S-9 23.
4 t-5is ti 4 8814-9 24.
,
I8I4
471s
311s
18
15
7
27
14
501s
4 86
1
86- Is
4 86-is
4 861s
486I3
486I3
lb9
1
89
4S9
189
60
De-
days.
mand.
25....
26....
27....
28....
29....
30....
31....
4S6's-7
4 87
4 87
... 8
4 87-13
36 13-713
4 89-19
48913
.
"s-g
4 89
'««•«
4 891s
I'sgis"
4 88-9 ifl
4 89
Open 4 8Eis
4 861S-7 4 89
4 861S-7 4 89
4 86 4-7 4 891s
4 8919
489I3
4 88
High. 4 B7I3
Low., 4 85
86's-7is 4 83-9I9
Last.
DEBT STATEMENT JUNE
The
following
is
30,
1891.
the official statement of the
States public debt at the close of business
44%
United
June
140
108
INTBRKST-BEABING DEBT.
68
TMt
0/ Loan.
281s
254
108
2<l38
63
3658
18
1678
7%
281*
15
53
22
62
18
15
69
74
23%
2714
25
18
18%
L..
14
16%
pref..
59
60
7
InVr't
Amount
Pai/'le
JSSMld.
Amount
Funded Loan.. 1891 Q.-M
Funded Loan
19D7 Q.-J.
Refunding Certiflc'e. Q.-J.
4^s,
<8.
4a,
OuistanditiQ.
Goupor..
Reglntered.
t850,000.000 139,208,300 (Il.es6,900
740,827,350 483,167,350 76,39S,SB0
40,012,750
Total.
150,369,200
659,566,000
93,920
Aggrega'e
eicludin?
Bonds to Pac. RK...
l,030,840.10o'622,369,850
88.065.550
DBBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
A ggresate of debt on which Interest bas censed Bince mnturitT la 11,614,705.
This debt conaiats of a Dumber of Items of which the principal umuunta are
called bonds.
DEBT BEARINQ NO INTERBST.
6s)
15
30,
1891.
991s 101
12
131s
105
•<""«
7038
lois
8
ASt.
De-
mand-
2018
2233
6414
65
25
251
De-
mand.
60
days,
91
80
111
4
10
14
36
140
107
60
day>.
June
LeB.il-tender notes
Old demand notes
Na'iunul Bink notes
Kedemptlon account
Fract ouhI currency
Less amount estimated as lost or destroyed
»3ie,6Sl,016
56 647
'
4001839S
fi528:t.614
8i.S75,934
6,907,680
Aggregate of debt bearing no interest
»3»8,68a,785
v
)
July
THE OHRONICLH.
4, 18»l.]
9
NKW roUK. OTHEIl THAN
NKW YORK IITY.
N()1'K< ISSIIKK ON DKPOSITS ()"" GOU)
SILVKH CHUN AND LKOAL-TKNUKItNOrUS.
OBKTIUCATKS AND
Sat. lUiks.
May 4.
Knmber
Xfitk<
lytatury.
OliutOlcatlan a/ CirtifieaUManiltotu,
OoM
Amount
Otnutatinn
l$nud.
rWl.(M7
1,485.000
e,76S,Sa8
»M.u7.sig
cerllllcatas..
00MPAK180S OF PBBT
30T.304.148l 3U.7IA.I8B
40,403,168
May
JtMMSO,
Otailtteation of Dtbt.
Loans and discounts
Ovordrafts
Sti'ck.s. bonds, kc
Due from reserve agents
«
Due from banks and bankers
Ranking h(mse. furniture and fixtures
other real estate
Specie
Legal tender notes.and cert'fs of deposit.
Bills of other banks
Bxchangesfortlcarliig House
Current expenses and taxes paid
MO.NTH.
Incrente or
Decreiut.
31.
t:i.
Tiitat.
188
1118.480.887
471.897
86.798.6«6
15.097,368/
4.602.23'
8.194,018
$70,089,487 $188,490,784
136.784
606,081
88,8S3.««7
8,495,0n
9.363.180
1.708.018
1.IB7.097
1.20.5.6.35
.
6.141.851
3.687.641 1
1.08S.263!
U. 8. bonds
Other resources
Total
80.058,776
l.f«I2.710
4,908,080
8,488,788
7,8«7,0«1
8,131,8!52
7,744,766
085.748
934.057
fc'r.sw
1,3'2A10
983.106
2.060.901
1.68'r.6W
834.057
8.676,670
1,:I0'2.2.50
Premium on
1891.
1801.
5'.^'.j8.4t7
t49O.0«a.7l8't.')4O.H>Q.0^1
THB PRKCBDINO
VlflTB
82.7IK).(K)0
81,3«ft.000|
June
nestiurcet—
fsi,eo«,(i8o|tuo.8M,g9»'iisa!«M,4aii
c«rttfloiitos
BlWer certificates
CnrreocT certltloat***
Treasury uotes of 18U0
Aggregate of
In
Bank*.
.V(«'«
878
$184,649,650
$90,076,099 $876,886,768
UabUitietInterest-bearing debt
DeblPon wtilch interest has ceased.
Debt bearing no Interest
ei0.6il9.1!0
elO.620.liiO
!.B14.705|
l.«M7,&0»
3e3.oaa.736
Capltal stock paid In
Surplusnnd
D. .32.800
D. 8.189,800
!l»8.84-<.«08
—
incl'g oert 's
CASH
a nd notes
IN
Dividends unpaid
Inillvldual deposits
Aggregate of interest and non-tnter1005,806.501 100S>,02S,iii7 D.8.818.««e
est bearing debt
Certificates and notes offset by an equal
S40.ie0,03l' 538,180.640
1.1.999.388
amount of cash In the Treasury
Aggregate of debt,
uri'llvlded proflta
ClnMihiliim cmlstanding
D
I545.99H,59ii 164«.ai6.87e
Other deposits
Due to banks and bankers
Notes and bills payable
Other liabilities
Total
Bars
5,4.59
13,0(18,888
103.678.^5.1
57.978.296
161,656.8.51
1479.318
8.320356
8.600.818
8.005.862
996.081
6.671,449
13.877.3U
1,301.201
1,301,201
$181,649,059
$50,040,880
81.818.466
78 6St
996.081
$90,976,099 $275,625,758
_
219.284
THE TRKASUBT.
3»7.w7rt.227
Silver doliars
Subsidiary coin
)
1«.B;«.BW6 49
[From our own correspondent.]
95
4,848.203 70-399.361,974 14
2«.M''0.fM7
Bars
Tra.lo Dollars, bars
Paper— Legal tender notes
(old
88.96«.743 97
Issue
Treasury no'es of 1890....
Ooldcertiao.ios
9.7115.858
3l.x06.08'l
7,351 i).17
Silver certldca'es
Currency certlfleites
00
00
00
pons paid, awaiting reimburse-
ment
18,412 57
Minor coin and fractional currency
385.307 67
DeP'^sits in national bttnk depositories -geimral HCC'umr.
Disbursing officers' balances
23.562.IW 37
4,7tf».499
77—
88.700.419 28
Aggregate
|746,»4a.761 (»
DBUAND
LIABILITIES.
Gold
$152,456,429 00
814.7' 6.185 Do
""
Currency certifl ates
2A7»0,no On
Treasury notes of l'-90
60.28^.417 00—1540.190,031 00
Fund for rertemp. of uiicurrenl uat. bank notes.
4.H' 6.866 81
Outntanding chocks anl drafts
6.108.127 12
Disbursing omcors' balances
3H.>'34.8r,l 91
Agency accountK, Ac
6.4I<».863 96—
51,206,111180
Gold reserve
IKO.O O.oio 00
Net cash balance
63,893.808 83
153.893,'08 88
ce-tlflcates
Silver certlfleate<
i
Aggregate
Cash bnlanceln the Treasurv May 31. 1S91
Cash balance in the Treasury Jn^e 30, 1891
|746.34»,7il 63
I5H.S8'1,717 87
163,893.* 8 8)
Decrease durlngtha month
^.992.809 14
BONDS ISSUED IN AID OP PACIFIC RAILROAns.
Interest
accrued
By
Transportation
Outand not paid by
standing. yet
paid. the U. S.
By cash
direptors of the
Bank
of
Messrs. Rothschild sent to St. Petersburg half a million sterling in gold, which they had accumulated in their own vaults,
and on the same day there was taken out of the Bank of Eng-
Inf. repaid by Companies.',
Interest
E*rineipal]
London. June 20, 1891.
England on Thursday lowered
their rate of discount from 4 per cent to 3 per cent.' The
change had been generally expected, for on Monday the bill
brokers and discount houses reduced the rates they allow on
deposits, and in consequence the discount rate in the open
market, which had previously been sharply declining, fell on
Wednesday to 3 per cent. The directors of the Bank of England bein? powerless to check the fall felt that it was useless
to keep their rate at 4 per cent, and the change seems justified
at first sight by the present strength of the Bank.
It held on
Wednesday evening nearly 38 millions sterling in gold, and its
reserve amounted to nearly 19)^ millions sterling, being
sUghtly more than,46 per cent of its liabilities.
All the same, the most prudent bankers regret that the
change has been made. They admit that the Bank had no option, but they think it was unfortunate.
On Monday the
The
1,425.000 00
6.656,178 65—78.769,886 62
National bank uotes
Other— Bonds, interest and cou-
Namt
$14,158,000
9.540.8J6
1.3.062.9'^)
72,6.34
»1-«.450.S77 70
62.067.743 «9-238,518,18l 69
Gold-Coin
of Rail^vay.
$36,882,630
81.771.619
Balance
pay-o/lnter'sl
paid by
land, also for St.
£600,000. In a single day,
sent to Russia. In the previous
Petersburg,
therefore, £1,100,000
m'U;ip.c.
was
week, it will be recollected, £300,000 had been sent, and a little
time before the Messrs. Rochschild had sent a million, so that
Cen. Paciao. 25,885.120
in not much more than a month £2,400,000 has gone to
28.181,938
Kan. Padflo.l 6.303.0001
3.915.215
6,0.-,0.468
Russia. In the first half of July a million and a half sterling
Dnl'n Paclflc 27.236.512
817.005 37.214.281
12.801.951
438,410
23,97:1.920
will be taken from the Bank of England for Russia and in
Cen. Br. U. P. 1.600.000
48.0001 2.269.808
471.206
6,927
1.791,678
West. Paciflc 1,970.580
59.117 2.555.001
9.367
August about as much more. In addition, therefore, to nearly
3.615.684
Bloux C. dc P. 1.628.320
4S.849' 8.197.012
176.465
2.030.677
2}^ millions sterling already gone there are about 3 millions
Totals
64.683.512 l.PS8.T05 88.30?.«74
23.«S4.i'48
1.103.620
6.!,5«4.80«
sterling to go within the next two months, or thereabouts.
New York State Banks.— We are indebted to Mr. Cliarles Gold also is going to the Argentine Republic, and apparently
it will be taken to some extent both for Germany and for
M. Preston, Superintendent of the New York State Banking
Holland. There is actually a German demand for gold in the
Department, for a detailed statement of the condition of the
open market it is not strong enough for the moment to withState banks in New York on Saturday morning, June 13,
draw gold from the Bank of England but as the German
From it and from the latest statement of the condition
1891.
harvest is very bad, and the Russian Government may take
of national banks— that of May 4— we have preparefl the
toUowing, which gi-es the results for all the banks in New gold from its agents in Berlin, it is expected that the Imperial
York City, and also the figures for the banks, botji national Bank of Germany will withdraw a certain amount of the
and State, in New York outside of this city. It should be re- metal from London. The Dutch exchange permits of with"
membered that these totals for State banks do not include drawals, and it is possible
that there may be a French deeither savings banks or trust companies.
mand while of course there will be miscellaneous demands
Niil. Banks. State Banks.
Tut^Tl.
NEW YORK CITY.
Mau. 4.
for South Africa, Egypt, India and other countries. The more
June 13.
Number
92
Reaources —
prudent bankers, therefore, think that the fall in rates has
J294.05O.724
t91,107,4.f0 $.185.1.18.160
o2t!5 ";? """'"""'
Overdrafts
been carried too far, and that we are likely to witness a recov116 "95
l.'->;l,076
36.780
Stocks, bonds. .*c
3.8.-,7.0!i8
34 061052
S7,»1'-,I50
Due from banks and bankers
38"00l'412
8.000,074
40,002,086 ery before long.
Banking Ijonse. furniture and fixtures
11.080' 228
3,.".09.0'J0
14,.599.157
?"!e"oal estate
The silver market until late yesterday was without life.
1.127:426
195.9)1
1,323.387
specie
I^g r^g^ .^jj^
«'.>,713.279
11.118,985
Legal tender notes and cert'fs of deposit.' 2o;474,'251
There is no demand for India, where money continues excepBills of other banks
8.284,759
39,079,710
1 120 70o
Exchanges for '.earing House. ....:'.'.'.;:.:: 87TO1179
tionally cheap.
During May the wheat exports from Bombay
22,779.;M3 lin,380,,122
imrrcnt exiwnsos anil taxes paid
l"049'701
442,805
l,41l'3.M6
were very large but there is a doubt now whether they will
Premiums on U. S. bonds
l'050'6«2
1.0.'>0,5«2
•
net earning. ^^^ ^- f*
Service.
»
776.554.35,100.859
189.090 8.965.083
$
6.260.644
I
t
668,883
;
;
;
.".'.'.'.'.'.'
f
;
other resources
Total...;
L(<iWli(i>«Capital stock pnl.l in
Surplus and undivided proats
g,"'ulati;in oi.t.staudlng
Dividends unpaid
slassjis
4,il"4,612
$556,393,539
$150,371,607 $705,705,146
819700000
...
...„
MSORare
3^VS18
2S.3
;;;:
2tz,7^,m
other deposits
3789 m7
Due to banks aiid bankers
'./.[["['..['.'.
171477970
^".•"•»'"
Notes and bills re-di8cuunted.. ........
other liabilities
•.•.•;
te'i';''j!,"?i,'',«w>sits
Total.
$.1.-5
$17,172,700
14.066.242
2.605
$66,872,700
106,»06.2.'4
379,II«0,721
474.401
10,844,498
4.'2>14,OIO
18^,322.468
904,845
904.846
1
393,539
(17,874.581
3, 02.1.703
•-':a.ll8
$150,371,607 ?705,7fl5.14<l
The amount »"•""••'»•"
($22.779 343 under Si Ht« banks opposite exchanges for
Cleartn,» ii^Mr.;"!^—
"i'
'» •"»«"
reports ."'
feiwrt"
u. siaie
».tate..bank8
oanas as - cash Items," but is almow
wh."n
"f„"rj".".t
wh.1nv"f„?rj''"'
Wholly
made up L'.I'J™.!"
A'fjf^.—
"
of exchanges for Clearing Uouse.
1
continue as large for the rest of the year. Tlie rains that
ought to begin early in June have not yet fallen, and if there
is a drought, as is feared, in India, the crops on which the
Indian peasantry live will be very deficient, and at all events
in the northwest there will be a large consumption of wheat.Besides, according to the latest official returns, the harvest has
not been by any means as good as was previously thought?
Yesterday, however, there was active buying, said to be the
result of an American combination, and the price rose to
45d, per oz.
.
..
IHE CHRONICLK
10
and the
In spite of the great ease in the money market
constrength of the Bank of England for the time being, there
revived just
tinue* to be an uneasy feeling here. Chiefly it is
now by the act passed by the Argentine Congress suspending
of debt.
for three months legal proceedings for the recovery
the
People argue that the European banks doing business in
Republic cannot take advantage of the act, as that would injure their credit, but that their customers may do so to a considerable extent; and therefore, it is asked, what may be the
consequences to the banks ? The banks, it is true, are very
strong and have been exceedingly well managed, as is proved
by the ease with which they supported the recent run upon
them. Much real anxiety, therefore, is not felt concerning
them. But it is feared that some of the great financial houses
which have suffered so much from the Argentine crisis
already, and which are still liable on guarantees given to rail-
may
be unable to keep their engagements. One house in particular, which recently obtained
assistance that it was hoped would place it beyond all danger,
way
contractors and others,
[Vol. LI a.
the reports from the Continent are as bad as ever. It is
thought there is little possibility now of any material improvement in the French crops, and the German crop will likewise
be bad. Yet the German Government refuses to reduce the
import duties on grain, alleging that the Russian harvest will
be good enough to supply Germany with all the imports she
may need.
rivals
Still
the improvement at home and the large arsuffice to keep the market quiet.
from abroad
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
1891.
JuTU
1890.
17.
£
Cireolatlon
Public deposits
other deposits
GoTernment
securities
Jun(
£
1889.
19.
1838.
June
18.
Jime
£
£
24.858,380
7,0at,915
24,439,620
7,557,658
10,199,359
34,930,299
9,941,805
26,687,913
15,505,577
24,931,212
15.041,994
other securities
Reserve
30,559,104
19,435,697
13,470,434
15,385,392
Coinand bullion
27,881.057
48 1-16
21,460,054
39 3-16
23,576.832
23,183,859
20.
23,9»»,390
5,804.699
28,460,023
16,753,391
19,488,751
13.889,772
21,649,182
21,380,500
22,597,292
Prop, assets to liabilities. per ct.
43!^
Bankrate
perot.
3
3
2X
Consols 2J< per ct
95 1-16
97 3-16
98
139,000,000
134.992,000
159,688,000
O.earlng-House returns
-42M
again much talked of, and the Trust Company which made
99J<
the advance also has lost credit, its shares having fallen
15M67,000
rapidly during the past week or two. The Chilian Civil War
Messrs. Piiley & Abell write as follows:
seems as far from an end as ever, and that very injuriously
Gold— There lias beeu absolntely no in<iHiry lor gold dnrine tbe week,
all bars and coin have been sent into tbe Bank, wbiob has puraud
affects other houses.
chased altogether £926.000. There has beeu withdrawn £851,000,
On Thursday there was a sharp fall in Portuguese bonds of which £600,000 has been sent to Russia and £2.51.000 to South
causing apprehension that houses interested in Portugal may America. Arrivals; £726,000 from New York; £38.000 from Australia; £16,000 from New Zealand; £384,000 from Brazil; £27,000
again be jeopardized. Portuguese bonds fell in the crisis a from Natal; £6,000 from China; £68,000 from West Indies; total,
Shipments: To Bombay and Calcutta, June 12, £7,500.
few weeks ago to about 37 then a combination of bankers in £1.265,000.
Silver— The silver market has again been unusually steady, and
although
slight
fall took place on the 15th, it was soon recovered,
a
Paris came forward to support the market, and the price was
and closes without change at i4'8d. Arrivals: New York, £24,000
up to 49 it has once more fallen to 45"^. As a natural Australia, £3,000; West Indies, £41,000; total, £68,000. Shipments:
result of the widespread distrust, business on the Stock Ex- To Japan, £40,000; to Calcutta, £15,000.
Mexican Dollars— The market is steady at 43 "sd., at which there is
change haa shrunk to almost nothing. Brokers and dealers some little demand. From New York, £63,000. To Penaug, £45,8 00
allege that they are doing less than at almost any time in
The following shows the imports of cereal produce into the
their recollection. Inter-bourse securities, with the exception (Jnited Kingdom during the forty-one weeks of the season
of Portuguese and Spanish, are fairly well supported by Paris
compared with previous seasons :
IMPORTS.
but there has been a heavy fall in British railway stocks,
1890-91.
1889-90.
1888-89.
1887-88.
especially in deferred stocks, and the American department
Wheat
cwt 44,325,589 43,201,515 48,382,513 35,149,491
is utterly without life.
Barley
14,572,676
12,904,204
16,340,542
15,820,444
The falling-off in business in New
11,916,635
9,719,209 12,190,083 12,968,237
York has added to the general discouragement here. As soon Oats
Peas
1,667,375
1,503,427
1,978,496
3,511,946
2,656,444
2,607,070
2,174,008
2,453,732
as the gold shipments ceased it was hoped that there would Beans
Indian corn
.-...22,407,614 31,957,005 23,180,602 17,817,135
be a considerable rise, that business would expand, and that Flour
13,037,393 13.952.345 11,220,239 14,197.211
recovery in New York would react upon London and so
Supplies available for consumption (exclusive of stocks on
gradually bring about a better state of things. As, however, September 1):
is
2)ii
;
mn
;
;
;
New York appears
be almost as apathetic as London, memExchange are beginning to fear that the
the American market which they were looking for
will
to
bers of the Stock
boom in
not come
1890-91.
off.
Total
Early last month there was an accident upon the London
&
Brighton Railway caused by the falling in of a bridge.
The
Board of Trade, which has a certain amount of
supervision
over the railways, sent an Inspector to inquire
into the accident, and his report has been published this
week. It is a
severe condemnation of the company. Fifteen
vears ago the
bridge was condemed by a Board of Trade
Inspector as even
the a unsafe; but the directors took no notice
of the condemnation, and the result was the recent
accident. It is intimated
that other bridges are unsafe; and of
course the public, once
bemg alarmed, is inclined to fear that the whole
1888-89.
1889-90.
lmport8ofwheat.cwt.44.325,599 43,201,515 48,382,513
Importsof flour
13,037,393 13,952,345 11,220,289
Bales of home-grown. 30,711,568 40.225,000 30,416,861
88,074,550
97,378,860
1890-91.
1889-90.
English wheat, per qr.Average price, week
403.
Average price, season .. 34s.
2d.
4d.
32s.
30s.
89,799,663
8d.
4d.
Last week.
2,779,000
288,000
452,090
85,040,032
1887-38.
1888-89.
28s.
309.
31s.
303.
7d.
flour
and
44.
Od.
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
This week.
IVheat
qrs. 2.839,000
Flour, equal to qrs. 273,000
Maize
qrs. 441,000
1887-88.
35,149,491
14.197,211
35,693,330
5d
1889.
1,320,500
1890.
2,255,500
235,000
525,000
240,000
493,000
EaKllab Finaaelal .Tlarlcets— Per Cable.
The daily closing quotations for securities, &c., at London,
we reported by cable as follows for the week ending July B
:
physicial
condition of the line is bad. Unfortunately,
the management
of this company for many years
past has not been such as
t»
Inspire confidence in the city
indeed the Stock Exchange
alleges that the officers are constantly
speculating in their own
stock
The report of the Inspector was one of
the causes of
the sharp decline in British railway
stocks another was the
rejection by the Parliamentary
committee of the bill for ex
tending the Manchester, Sheffield
Lincolnshire Railway to
t«ndon. The chief cause, however,
was the general falling off
business and the wide-spread
distrust. Besides, the
Board of
Trade returns for May show that
the crUis through whkh
the
c«untr.v ha,, been passing is
now affecting trade, and as Je
working expenses of all lines ate
very hieh it int^JLll
*''*
there must be a considerable
decline in'^divldi
This week the weather has
been extremely favorable
and *
and general improvement in
all the c'^opsTrepo'ted
They are stiU about three
weeks late, but they
;
;
&
m
g^t
and.
IS now said that
the injury
t
much smaUer than hitherto has
^thercontinues favorably m;^
non IS that after all »•>the ••
London.
•Ilver.peroz
d\
Consols,new,2% percts.
do for account
Fr'ch rentes (inParisjfr.
U. 8. 4ias of 1891
U.S. 4s of 1907
Canadian Pacific
Chic. Mil. & St. Paul....
Illinois
Central
&
Mon.
Tues.
Wed.
45%
45%
4638
95^16
957,,
9311,,
95'>tg
'
I
I
I
Lake Shore
Louisville
Sat.
45%
Nashville..!
951212 95-20
102
120
102
120
81=8
8218
6338
62%
64%
95
95
95
lllia
lllij
72J4
1111a
72%
74%
101%
Lake Erie AWesfn
do
2d cons
Norfolk & Western, pref
1878
99>3
52I9
187e
98I9
5238
Northern Pacific, pref.
Pennsylvania
Philadelphia & Reading.
Dnlon Pacific
Wabash, pref
66%
65 14
51>8
51»8
14%
145i,
.
102
120
81%
Mexican Central 4s
74 >s
N. Y. Central & Hudson. 102
N. Y.
95U,„
95%
9500
4414
22>4
73
75
102
19%
99111
521a
641a
oils
1438
4338
43%
21%
221a
Thurs.
4638
y5i»i6
95Uie
95i3,s 96
95 02 "a 95-05
102
102
120
120
82ia
6513
961a
1121a
75=8
X7314
1021a
20
991a
5318
661a
51>4
1478
451a
231a
F».
461a
9638
967,«
94 -97 la
102
11838
82%
82»8
647e
96I3
II219
7538
731a
112
101%
102 1«
1958
991a
5278
99%
66
oils
I514
44%
231a
6533
96I3
7514
7314
I9ia
52B8
6518
5II4
14%
44I9
2314
l^k verrwelt
done, even to wheTt
^ neat,
is
^
S^rS:*^
" ex^
....
rew weeks ago was thought
possible.
'
On
expecta-
the other hand
IMPORTS AND EXPORTS FOR THE WEEK.— The imports of
week, compared with those of the preceding week, show
an inerease in dry goods and a decrease in general merchandise.
The total imports were $8,613,398, against $9,303,216
the preceding week and $8,081,804 two weeks previous.
The exports^for the week ended June 30 amounted to $7,931,470, against $6,416,814 last week and $5,887,841 two weeks
last
.
JPLT
.
.
,
CHRONIOLB.
XIE
4, 1801.]
The following are the imports at New York for
previous.
the week ending (for dry goods) June 35 and for the woiik
ending (for general morchimdiao) June 30; also totals since
the beginning of the first week in January.
VOBBIOR DtPOBTa AT HBW TOBK.
for IfM*.
$3,686,909
8.200,893
$1,690,914
$9,015,108
$10,044,996
$11,887,802
$8,613,298
Dry
$64,671,129
175,586,297
$68,670,833
184,332,208
$76,948,482
189,297,146
$.59,411,142
6,922,.'i84
I
fJoiida
Gen'l uu^r'dise.
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 port of New York to foreign ports for th*
week ending June 30 and from January 1 to date
BXPOKT8 CROH NEW YORK FOR THB WBBK.
months
of each of the last five
by—
Deposits
Itarck
AprU
1.
For the week..
Prev. reported.
$7,921,170
$6,607,684
163,286,897
$1,726,047
$6,340,756
111,237,944' 164,332,725
The following
shows the exports and imports of specie
at the portof New York for the week ending June 37 and siace
Jan. I, 1891, and for the corresponding periods in 1890 and
table
1839:
EXPORTS AND IMPORTS OF gPECIB AT
\ot ol
June
—
Coinage by United States Mints. The following statekindly furnished us by the Director of the Mint, shows
the coinage at the Mmts of the United States during the month
of June and the six months of 1801.
Tient,
Since Jan.
Week.
Great Britain
Germany
West Indies
South America
83.015
9,747
12,021
Double eagles
......
Salf eaglHs
Three dollars
Qoarter eagles
"i',67i
24,.500
11.204
107.005
4M.)»75
$5,351,892 $68,296,721
6,360,265
659.727
2,922.604 40,716,764
$16,898
166,409
121,558
$1,607,766
4.303,892
3.748, s«l
2lM,()90
32tl.7S4
$4'.626
6^2.425 13.248.500
98,487
934,870
123,621
618,105
1,630,300
97,470
80,105
'23
"8;857
isf
Oollars
104,806
1,817,932
888,076 14,860,332
2,786,110
46,110
200,110
2,280,110
2,786,110
23,055
50,028
228,011
17,678,263 17,678,263
153.150
76,575
175,088
703,350
702,647
7,026,466
5,312,440
3,087,201
25,558,229 18,632,573
608,660
30,433
6,687,100
3.440',660
'34,io7
is.dii'.i'o'o
180,514
4.049,320
64,840
24,718,800
513,884
9,4f6,566
4,969,976
F'ltalgold
Dimes
$10,000
Value.
Pieces.
9
Since .Jan.l
$1,600,000 .'^34.398,875
1,250.000 14.446,583
2,500,000 16.030.377
1,861,371
1,892
9,205
1,525,810
All other countries..
Total 1891
Total 1890
Total 1889
Week.
1.
Value.
Pieces.
Quarter dollars
Imports.
Ezimrls.
Gold.
Six XonthH 1891.
June.
Denomination,
atandard dollars
HEW TORK.
1.
47,577,942 45,623,772 44,323,054 42,815,717 40,584,906
20, 1874. and July 12, 1882,
Total
168.09S>.0S8
Total 26 weeks. $145.961.591 $t70.673,48i:$l 69.894.581^^76.020,558
July.
1,
944,273
818.231
850.263
(nsolv't bks..
822.693
Uquld'Kbks.. 5,649,172 5,587,752 5,603,840 5,555,391 5,4 20,605
undr.
Sed'c'K
»otof74..* 41,038,421 39.091,747 37,«51,483 36,439,861 31.311,680
1891.
1890.
1889.
June
1.
•
:
1838.
Hay
1.
$
890.349
20«,277,713
Total 26 weeko. $240,257,426 $253,063,041 $266,245,638 $267,689,155
11
redeem national bank notes was $40,581,969. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (ii) by banks reducing or retiring their circulation, was as follows on the first
1891.
$2,088,583
7,956,413
0«n'l raer'dlse.
Total
Sinee Jan.
1890.
1889.
1888.
42,014.663
7,000,445
Dry Goods
:
.
.
Total silver
Plve cents...........
592.137
2."),775
Total
minor
Total oolnase
333,370
51.165,105 34,006,789
OOVERNMENT REVENUE AND EXPENDITURES. — Through the
courtesy of the Secretary of the Treasury, we are enabled
place before our readers to-day the details of Government receipts and disbursements for the month of Juns.
From previous returns we obtaii the tt.;ure9 for previous
months, and ia that manner complete the statement for the
fiscal years 1890-91 and 1889-90.
to
Imports.
Exports.
Silver.
Week.
Great Britain
France
Germany
Sinee Jan.
Week.
1.
Since Jttn.l
$208,006
20,000
$6,074,913
393,081
'25,206
237,766
43,000
399,696
74,735
$1,889
4,000
23,665
13,475
$7,223,194
9,163,140
493,976; 10,042,646
$43,029
181,752
37,324
All other countries.
Total 1891
Total 1890.
Total 1889.
$253,212
24,496
8", 199
1KJ.178
—
June
1
We
gave the statement for
in Chronicle of June 6, page 853, and by referthat the changes made during the month can be seen.
1.
n. 8.
Deteription of Bondt.
Public Deposits
in Batiks.
Onrrency 6s.
1,
1891.
Bank
to
Secure—
18,994
9.490
March
Apnl
16,373
13.058
11.995
14,169
11.207
May
Jane
IT
(I »2.700.540
$338,145.
*142, 421,400
$169,249,900
1,
1891*
1,300,535
^167,808,757
$42,845,717
S89,900
2,3:0,651
2,260,751
deposit to redeem national bank
$40,581,966
Ctroulatlon of national gold baniu. not included aiiuvp. $1^1.217.
According to the above the amount of legal tenders on
July 1 with the Treasurer of the United States to
11,418
2,189
18,786
16,615
11,617
2,617
11,159
11.004
2,943
10.681
3.791
28,986
31,370
37.890
lB,92i
22.216
18.966
2B,ftll
29,418
27,130
87,417
31,721
:(3,18fl
20,800
19,359
31,88*
36,334
10.115
1.785
11.282
2,696
31.416
33.050
30,717
29.595
36.691
30.336
31.778
2,666
12.806
t,9«4
.33.861
17,'i56
16.857
2,527
21,»42
12,612
3,203
36,440
37,517
30,80^103,061
401,530 23».66mI 142,607
e $2,057,459
c «W«3,72J
b *3.(I21.000
PeasUms.
~i~ ~i~
Jaly
13.988
...
Aug
14.863
al4,242
Sept.... 516.331
Premr] n,tal.
iumj.
rnterest.
$
I
876
3» 13,405
18,839
c?2.483
ll,0a7
4,31.'-
Not
(117.522
21,511
3,53';
15.248
20.0.10
35,887
34,298'
13.431
801
143
88,03«'
16.480
42.570
21.784
11.620
4,684
10.776
U>3«»
774J 3.165
1,462: 2.098
15,680
2,176
7.916> 3,066
9.924
10,326
13.661
461
1,910
1,C81
2,851
40
23.981
31.726
Uarcb..
(l21.27i
9.618
31.4921
264
20.936
8,519
18,722
kl6,48:^
$
28S
612' 8,738
1.73.
2,652
J
$
8,1761
4.624
17,311
H%r....
June. ..
~k~
11.344
718
6,133, 3.292
618
«67
j
3362 1,339 3,096
9.615
U503
48li
9.366
3.761
1.614
29.772
86.903
"i~
41.998
36,SSS
Ifim 8,278 17.411
13,958
13.394
25.aSI
2,865
31
lotal,
iuma.
11.909
(16.741
April... 122.712
Prem-
In-
sions. terest.\
18.277
/20.009
014.055
. .
Pen-
2,054' 38,137
feb
Dec.
fan
Ordinary.
"~i'~
(
$
I
7,232
Oct
/ (245,740
1889-90.
1890-91.
$26,828,500
$1,044,715
2,351,250
17,779
43,577
d $307,450
Jc $89,900.
j$12j.l20.
i $)80,fl00.
ht390a35.
Di8B0R8E.\iEirr8 (OOOs Omitted).
133.188,450
$169,113,292
39,804
86.607
National bank deposit fund included :—
OnH-
redemption of bank
1,981
2,331
d1.4Sa
35.>! 86
~i~ ~r~
12,395
11..S32
Total 12 months. 419.901 145.913
RffV'ue Sourest
10,8S9
99
c3,l07
k3,828
toms.
19,006
21,518
87.1
13,867|
12.299
12.23i
rnt«r'l
~i~ ~f~ ~i
a3.7J3
12.615 65.154
13.726
nary.
Legal Tetidcr !fotes—
Amount on deposit to redeem national bank
notes June I. 1891
Amount deposited during June
.!..."
Amount reissued A b'nk notes retlr'd In June
deposit
February...
/2,848
01.127
h2,S38
i2.778
23.991,4.50
Amount outstanding July
189 1
e2.321
11.965
22.638.450
111,825,930
MtUioiMl Bank .VotM—
Amount out«tanilini( June 1, 1891.
Amount Issued during June
Amount retired during June
1,
12.911
23,0-.7
$10,070,000
the changed hi legal tenders held for the
notes up to July 1:
•
26,603
15,228
16,105
Mitcnt lottL
Out-
lotal.
12,558
22,03fi
Total Held.
;
Amount on
Anmist
September.
October
November.
December..
Janaary
2('.31«
Oireulation.
Chanqes in Legal Tenders and National Bank NoTEf to
July 1. — The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank
notes June 1, together with the amounts outstanding July
the increase or decrease during the month
1, and
also
_notesjuly
23.933
$7,9 57.000
per cents.
4 per cents
t
2.329
t
11.717
Jnlj
*2,113.000
3,353.000
21.362.500
m
Total
Bonds Held July
~%~
3,207,360
819,848
Misc^U
Bev^ut Sourc'i
toms.
$813,379
Bonds Held by National Banks. The following interesttag statement, furnished by the Comptroller of the Currency
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
on July
Int^r^i
<7lM-
coin.
depositaries
1889-90.
19.5,240
4i2,830
Of the above imports for the week in 1851 $4,030 were
American gold coin and $1,809 American silver coin. Of the
exports during the same time $5,851,892 were American gold
ring to
RECEIPTS (OOOs omitted).
$20,(;32
West Indies
Mexico
South America
5.661
1
674
811
232
38,6»9
35.339
85.831
97.868
80,000
17,518
88,908
37,387
14363
12 moa.. 216,754 124.415 37,127 10.401 388.697 184.700 106.917 3W.099 20.304 31>«,040
National bank redemption fund i^cl i>1ed :—
(• $1.79tl.769
« $2,279,310.
5»2,071.4;ll
H $2,440,204.
c $2,203,780
i
$ .540.066.
i
^
......
/|8.46I.70O
(12.109.684
« $1,935,467
k $«.87436y.
J $2.03 1 .758.
—Proposals until July 20 are invited for city of St. Louis
20-year bonds, issued in $1,000 U. S. gold or £200 sterling, and
bearing 4 per cent interest, payable in New York or London.
Bonds will be issued to the amount of $1,725,000. See advertisement in another column.
—Attention of investors is called to the Cambria & Clearfield first mortgage 5 per cent bonds ofitered by Messrs. Dick
Bros.
Co., PhiUdelphia.
&
.
:
[Vol, Lin.
THE CHRONICLE.
New York, and Messrs
-Messrs BarinK, Magoun & Co., of
«ub8C"Pt'o°«
Edto Peato^y &Co.,of Boston, wiU receive
Do
600
871,9U
_.
1,174.'2R1
ISS-.^TS
Olloago
Milwaukee
tobacco business of
DUntH
roledo
ha-°^been Detroit
"
for
n^^
fier^rnTt^U^/wMchrhowe-^er^
payment of their Oswego*
part
in
vendors
the
by
in its entirety
has no bonded or mort- St. Louis
TO^wrty and good-will. The company
afloat
Do
bv cha
debt is
such
of
creation
the
an^
SgHelt
Pjf 'bUed of record ClQOlnnatl
^^
2,231.020
49.(i01
76.594
*35.000
44,084
^n
consent of l^old"
tnd by by-law. except with the
stock. The busmess of
lea^t 75 per cent of the preferred
D|c 31,
Co. for the five years Pr'OJ^^o
P. LoriUard
be/"
^ '4
the annual average profits to have
J»25
vendor
paid by
wTh'out deducting charges for rent heretofore the company.
acquired by
for real estate, which will now be
appliances have
^al estate, buildings, machinery and
by competent experts at
b^n carefully eiamined and valuedopen
accounts, stores on
tl 879 700 and the merchandise,
new comand personal property to be transferred to the less than
value not
T»ny are guaranteed by the vendors to be
and close
SSJ.OOO. The subscription lists will open on July 7 given to
will be
before July 9. Preference in allotment
Co., and the right
of P. LoriUard
5\u
IWMhows
M^
&
^r
employees and customers
IS.os.'i
4,531
rndtanapoUa
160.770
207,467
Kansas fity
Baltimore
Minneapolis
&
reserved to reject or reduce any application.
to the
—First mortgage 6 per cent ten-year gold bonds
lacK
amount of S300.000. covering the property of the Atlas tund,
Corporation of Boston, and secured by an annual sinking
Brewster.
are offered at 100 and accrued interest by Messrs.
is
157.467
31.288
On canal &
river.
946
6,857
""277
"2,962
2,327
3,941
18,256
39,051
'37.006
214,936
3l.85i
39,041
88.523
57,652
37,145
81,112
246,170
138,.=i65
177.^68
167.676
5,449
(1,4.^0
59.416
77,724
6,704
51.150
425,121
70,500
8,800
107,385
125,173
488,576
231,507
159,674
213.019
Tot. .Time 27.-91. 13,599,388 3,851.051 3.630.248
4.318,293 4.028,192
I'ot^ June 20.-91. 14.6.57,217
rot June 28.'90. 20.174,885 14,822,BH8 5,i).'i0.67l
2.-3.173
621,120
916.76o
193,2o2
9,490,334 5,250,113
rot. June 2<».>-9. 15.300,715
T(it.Juae30,'8S. 23.623,9:59 ll,308,5-'l 4,838,172
*
1,391
832
31.935
""Wii
266;264
isissf
773,24S 1,022,741
157,700
1,304,000
MisslBSlppl
1.153
3,476
14,335
24.287
27,914
4,687,711
On Lakes
m
lO.noo
8!*1.215
50.9 •<?
469.815
100,105
Pnoria
">n
65 9i»0
10,500
192.751
."ii.UDS
PMladelpMa
^e
hid
'^'"^il
17,994
881,3.54
'ii'.ooo
9.000
Boston
roronto
Montreal
buih.
131,731
95,900
11.600
122,291
1,164,156
13,45 4
6,717
2«,5S9
34,815
10,000
253,469
9i2.S28
aUoat..
BarUy
UaiM,
bn»K,
159,fiOO
A.lt>aD2r
Biffalo
Oom,
Wneat,
hHth.
In store at—
tl«w York
Last week's stock: this week's not received.
attention of investors in industrial stocks is called to
of the Standard Chemical Company in to-day's issue
of some 500 shares of their treasury stock
Chronicle
of
the
Cobb & Estabrook, of Boston. The Atlas Tack Corporation is at $i5 per share. The product of this company is reported to
formed for the purpose of acquiring and carrying on the busi- be meeting with much favor among physicians and this oflfer
concerns :Uua11688 of the following-named old established
increase the capacity of the works, and in all
established is made to
bar, Hobart & Co.. South Abington Station, Mass.,
company will decide to issue no further stock
the
probability
1810; Albert Field Tack Co., Taunton, Mass., established after these 500 shares shall have been disposed of. The pro1837: Loring & Parks, Plymouth, Mass., established 1843; duct of this company is called "Qulekine." ami its merits can
Taunton Tack Co.. Taunton, Mass., established lt54 Ameri- be fully ascertained by reading the advertisement and by
can Tack Co., Fairhaven, Mass.. established 1867. These five referring to the company for particulars. Parties desiring
concerns represent, in sales and output, more than one-half of stock can communicate with the company at 90 and 93 Broadthe entire tack business of this country. The properties will way.
be turned over free of all incumbrances, and aggregate in
value $1,222,167. The net profits for the last two years have
N. \. and Brooklyu das Secarities— Brokers' Quotations.
been $100,000 per annum. Further particulars may be found
Bid. Aafc
GAS COMPANIES.
Bid. Aak.
GAS COMPANIES.
this
issue.
in
in the advertisement
—The
the
oflEer
;
^^
,
|
m
market is indicated
statement below, prepared by us from the figures of the New
We first give the receipts at
Tork Produce Exchange.
Weatem lake and river ports, arranged so as to present the
comparative movement for the week ending June 27, 1891,
ad rinoe AucuBt I, for each of the Uat throe yaars!
The movement
of breadstutfs to
ite
Brooklyn G«8- Light
Citizens' Gas- Light
Bonds, 5s
——
ConsoUilated Gas
lerseyClty & Hoboken..
Metropolitan— Bonds
SItttual(N. y.)
Bonds, 68
Sassan (Brooklyn)
WhtM.
riour.
Oom.
\
61.190
30.991
HnwwkM...
33,493
DtfaUk.
MlimMpolls.
.
CtoT^ud.
.
Pwwla
9,2S0
1,468
7«,316
41,0S^
19,638
22,337
8,903
7,907
8,387
10,500
11.018
1C,S40
17,283
6,961
35,824
38,428
106 036
28,000
289.328
291.990
134.100
124,001
140
1,270
98
550
1,800
1,650
1,361.436
""27,617
23,039
3,077,5S5
1,130,510
101.124
51,913
1.861,343
1,143,405
52,330
39,158
9.718.180 108,797.511
wk.W
205.067
87,255.839
28,320111
1,237,154
88.793.217
2J.835.268
6,063.012
8:i,eil.H6 112.190.010
76,332.452
24,779.367
8.708.183
Hour and
i<raiu at one
J.622,736
aeabuard ports for the
^reek ended June 27, 1891. follow:
rtour.
bbU.
.*»-
_
«wTork
BMtOD
Montreal
Philadelphia.
Baltimore.. ..
'...
ew Orleans..
Oom,
Wheat,
Oat*,
buih.
bush.
78,712 1,383,900
37,724
41,274
16,182 479,409
27,0 9
47,543
48.119
90.413
5.2-.i5
6,3.50
14.001
29.000
butK.
86^.9^0
329.024
85,7i8
93.233
211,493
12,554
68,460
Barley,
bush.
559.700
48.S95
22.275
106,296
41.000
Tot&lweek 225.022 2,080,899 1,6';6,142 797,069
waek '90. 169,096 339.573 2,339,797 1,336,907
Rye,
*«»*.
MontrraL
niladel
.Orl'na.
U.Mtm*..
Oom.
riouT.
Bbls.
466.917.
31,772
556,fi78
199.046
64.600
24,118
32,015
ll'7'.6o9
130,044
79.665
25,206
10.251
& Georgetown
12014
& Southwest'n
10
58
Y, W. Shore & Chi.
As'nment of rifrbt to 11,685
shares Manhattan Clock Co.$l
$6,000 N.
ER.
ER.
10-40S
6s.
Co.
The following were
sold by Messrs.
and equip, bonds $5
Adrian H, MuUer
&
Son:
Shares.
10 Mercantile Nat. B'k ex d.220
60 Birmingham & Co. of
New Brighton. N. Y....100
10 Lawyers' Title Ins. Co. ..150
223
9 Eagle Fire lus.Co
1 Memb. N. Y. Cotton Ex.,
all assessments p.aid..S415
100
Clavville. N. Y
Bonds.
32 Utiea Steam Cotton Mills. 120
$3,000 Chic. & Southw. BR.
5 Utica Wlllowvale bleaohCo. Ist, 78. guar, by C. E. I.
131
ery Co
& Pac. ER.. 1899, M. & N..110
8 Utica<S: Black Biv.RR.Co.145'3
S 1 ,000 The Eqult'ble G. L.Co.
9 Skenandoa Cotton Co. of
138
of Haiti. Ist.tis, 1913, A&O.lOO
Utica
4 Oneida Nat. B'k of Utica. 152 la $1,000 L. I. City & Flush. RR.
lOSH
1st, 68, 1911, M. & N
8 Utica Chenango & Susq.
Valley RE. Co
i^mihixiQ
127ia
and
ffiuauctal.
THE MERCANTILE NATIONAL BANK
771 19 500
4,330 24,100
Jlyc
Peat.
Bush.
7,639
BtuK.
Burnt.
OF THE CITV OF NEW YORK,
No, 191 Brontlway.
$1,000,000 surplus & Proflta, $950,000
WILLIAM P. ST. JOHN, President. FREDERICK B. SOHHNCK. Cashier.
JAMES V. LOTT. Assistant Cashier.
ACCOUNTS fiOLlCITED.
Capital,
250
-
I
I
THIRD NATIONAL BANK
OF THE CITY OF JiEW YORK.
13,424
$1,000,000
Capital,
I
77,932
166,972
100
105
120
106
120
108
95,000 Wash.
$16,000 Lack.
6,000
3,950
Oom.
17,030
25.792
37.816
421
ibs"
Bonds.
Shares.
771
La«t week's reoetpta.
The export* troni the leveral seaboard ports for the week
•ndioa: June 27. 1891 . are Rhown in the annexed Rtatemenr: •
Whtat.
125
106
95
102
115
100
118
106
100
10 E. E. Ex. & Auc. Eoom,
110
Limited
550Cent. M'K&Sm.Co.$10ea.75c
9,550
•
Boston...
Portland.
Bonils, 6s
Equitable
Bonds, 6b
80
I-
Anction Sales.— The following were recently sold at auction
by Messrs. R. V. Harnett <K Co.
1,948
16,955
Ooi,
Hew Torn
(
80 Empire Woolen Co. of
99,012,983
10.568.181 110,536,161 169,07J.8»8
reccipta of
Blohmond
Metropolican Brooklyn) .
Municipal— Bonds, 78
Fulton Municipal
,
115
120
102
Shares.
2.018.8P8
•
Williamsburg
Bonds,
6s
1,431
736.282
77S,S95
163,335
130.255
People's (Brooklynl.
1st const,
l,334.eifl|
Vot-wk.-*!.
wk.'SO
The
121,8»7|
181,3231
725,870
S8,00O
MS
2.i00
188^-89.
1,688.538
1.831
9.923
83.382
..
IkLonU.....
Aut. 1.
UBO-«]
um-to.....
300,731)
SU.48n
*otodo
Mtrolt..
flu. 86 !
Buf IlS2 U» Bu<V4H Ih
BDIt.lWUx BuiH.OOIb
aumto
BarUy.
Oat*.
17(1
110
118
100
|
,
102
80
103
91
i:i«
Scrip
a—tpUat-
i
ino
75
100
93
F,697
64,042
WOOnWAKD
Prealdsnt HENRY BUCKHOUT.. Vice-President
Asst.Caahier.
Cashier J.FRED'K SWBASY
UE.VRT CHAPIN, JK
Accounts Bollciied and careful attention to tlie Interests of Depositors
RUaraateed.
J. B.
|
I
BMuD'd.
tM-week.
•"neUma
USO
819,038 1,064,286
185,930
7,889
8,697
77,466
610.491 1,641.406
105.899
326,113
2.5,410
17.421
.t^^**'^ supply of Kram, oomprisiug ino bWcEB lu granary
porti June 27 1891^'^
°' accumulation at
Uke and
seaboard
Spencer
Trask
&
Co.,
BANKERS.
and 18 Broad Street, New York City.
PROVIDKNCB, R.
ALBANY N. Y.
SARATOGA, N. Y:
TKAIVSACT A RBNKKAL, BAIVKl:V(i H[INIVRS!>*.
Nos. 16
I.:
All classes of Securities Bought and Sold on
tiven to Investment Securities. Direct wire to
Ooston and ChicaKo
Commission. Special attention
each uifice and to Puiladelphia
—
:
JOLY
THE CHRONICLE
18M.J
4,
ghe
were stronger, and to-day $1,600,000 gold is reporte<i
engaged for shipment to-morrow, making a total of $2,800,000 for the week. Actual rates are: Bankers' sixty days
rates
IPaukjers' CSaxjettc.
DIVIDENDS.
Xante of Company.
Rallroada.
Conconl & Pc.il'iimiutb
W
IJUli. Fri'd.
When
Payable.'
i
& Oovit
& I'oioimic common.
I'l'iiiif.v
Murray
July
!
(liionklyn)
(Uiooklyn)
IJuly
1
IJiUy
2
»
1
3
July
July
Jidy
July
July
1
1
June 21
June 28
Juno 26
4
July
3
-
3
.Inly
1
-
a"*
July
July
11
1 June
July
1 June
July
July
1 June
July
1
On d'm'd
4
4
Hill (ouar)
N. Y. Oiiintv National
Nicholas
et.
3
Second Na tlonal
ei-^lh National
a
G
2
Tradesmen's National
Kire IiiMuritnce.
3
3
:
ItllKi-PlIaiieoiiK.
jiref. (quar)..
Edlgon Klfctric 111. (quai)
Edison Gen. Electric (quar)
Hat, Cordage common iquar)
do
pref. (guar)
do
July
WAlil. 8TUEET.
Market
!>
1
."i
July
to July
to July
to
1
3
to
to
to June 30
to
23 to June 30
28 to June 30
24 to July 1
to Jniio3()
to
to
to
l!
Jimc3o
Aug.
Aug.
1
2
Aug.
2»a; Aug.
2
;
:
i;July
to -Vug. 2
2
1 July 12 to \\ig.
I'july 12 to -vug.
2
July 16 to Aug.
2
1
1
'
KKIDAV. JUIiY
3.
ISBl-S P.M.
and
corresixtnding date in 1890 and $5,018,035 in 1889. The Bank
of England has this week reduced its rate to 2*^ per cent.
These constitute the main facts in the monetary situation, and
they are interesting in connection with the large exports of
gold, which have been the main subject of discussion in financial circles for some weeks past.
If the exports of wheat are not prohibited
—
The Bank of England weekly statement on Thursday showed
an increase in specie of £56,000, and the percentage of reserve
to liabilities was 43-31, against 45'72 last week; the discount
rate was reduced from 3 to ij^per cent. The Bank of France
shows an increase of 0,000,000 francs in gold and a decrease of
1
2,850,000 francs in silver.
The New York Clearing House banks in their statement of
June 27 showed an increase in the reserve held of $4,042,300,
and a surplus over the required reserve of $18,411,600, against
$16,172,225 the previous wees.
To-day (July 3) the statement
issued for this week shows a decrease in the reserve held of
$2,290,800, and a surplus over the required reserve of
$15,46.5,07.5.
1891.
3.
1891.
'
June 27.
1890
June 28.
18S9.
June 29.
Capital
Surplus
I
Loans and
60,772,7001
64,736.2001
393.860,800
dlsc'ts
Circulation
.1,608,200
Ret deposits
404,038.900
Specie
«6,23.'i,400
tegal tenders.... 50,394,100
I
60,772,700| 60,812.700 60,762.700
64,736,200 60.520,300 55,093..500
389,9.SO,300 397,071.000 417.438.300
3,947.400
3,5:i3.30O
3.73^,000
402,030.000
67,81.i,600;
40.')..527,8OO
75,41l,0(.0|
440,000,700
72,3I2,4'.iO
Eeserve held.... UO,029,80O
51,075,0001 32,614,50O| 45,281,500
118,920,600 108,025, nOO 117,593,800
Legal reserve.... 101,lti4,725;
100,309,000 101,381,030 110,001,673
Bnrplii.s
reserve
.
!
15.465,075
Day:
Demand.
18,411,60Qi
6,643.53o!
|4
15
«4
88>s
934|«4 84
21'<»8 20^5 18^95 la's
I
40>e340'iH
93Sl»95's
I
I
4038*40''i«
9.'>»8»95%
The following were the rates of domestic excnange on New
York at the undermentioned cities to-day: Savannah, buying
par, selling J4 premium; New Orleans, commercial, 40c,
per $1,000 premium; bank, $1 00 per $1,000 premium: Charleston, buying par, selling i^ premium; St. Louis, 90c. per
$1,000 premium; Chicago, 60 cents per $1,000 pre.uium.
United States Bonds. Government bonds are steady.
—
The closing
Board have been as follows
prices at the N. Y.
Interest
June
Periods
27.
June June
29.
30.
'
I
July
July
July
1.
2.
3.
•100 '100
100 iMW* •100 '100
'lieiai •11614*116
reg. CJ. -Jan. 1161k llO'^ 117
coup. (J.-Jan
117'ii *117'4 'll7>a*xl6K •116'4i*116
109 •109>3i 109i« *109'a
109
reg. J. & J. 109
68, cur'cy,'95
*1
•111
11
'Ill's *1114, *1113» •111%
reg. J. & J.
6a, cur'cy.'HO
'114 "lim; •114i4*114'fl
113
reg. J. & J. *113
6s, cur'cy,"97
116
116»a*110ii •no's "lie's
reg J. J' J. *116
69, our'(;},'98
119 1*119
119 »119 *119
reg r. & J.!* 119
our'jy,'99
•This is the price bUl at tne moruiuir board no ^a/« was maile
100
100
100
coup. Q.-Mch. 100
reg. Q.-Mch.
1891
V^», 1891
48, 1907
48, 1907
4I9S,
*100
'liK)
.
—
;
Government Purchases of Silrer.- The GDvernment purchases of silver in the month to date are shown in the following:
Ounces
purchased,
Ounces
offered.
Previously reported
June 29
July
July
Nil.
I
570.000; $1-0173
320,000i
1017
11,035,000
1,115,000
a $1-0225
®
1-0187
..j.
month to date.
local purchases of
•Total in
•The
9
»
Nil.
,
1
3
•Local purchases
Price paid.
j
1,090,000] $1-017 » $1-0225
each week are not reported till Monday o f
the following week.
—
State and Railroad Bonds. The sales of State bonds have
been very small, including only $20,000 of Tenn. settlt. 3'8 at
69^^-671^ ex-coup., and $3,000 N. Car. 6's, 1919, at 124.
^ilroad bonds have been a trifle more active, and on thos e
bonds which paid interest July 1 the quotations now show th e
The low-priced four per cents are generall y
real price.
steady, Atchison 4s closing at 78 Mo. Kan. & Texas at 75i^ ;
Rio Grande Western at 74 Jg St. Louis & Southwestern at 66% ;
Reading general 4s at
Ches. & O., R. & A. 2d 4s, at 64i^
76% Scioto Val. & N. E. at 74 Peoria & Pekin Union 2d
mort. i^s at 67. Among the 5 per cents Richmond TermRichmond & Danville 5s at 81 St.
inal 2ds close at 63i^
Louis & Iron Mountain 5s at 87 Oregon Improvement consols at 63}^
Northern Pacific consols at 78^8- Atchison incomes have been active at times on the discussions as to the
possible interest payment for the year ending June 30. 1891.
The first of July has passed without any public default in the
payment of interest on railroad bonds, and this may strengthen
in some degree the confidence in this class of securities, as it
has been known that the first half of 1891 was a "dry time"
for some of the railroads, and the latter half of the year is expected to be much better.
Railroad and Miscellaneous Stocks.— The stock market
continued quite weak on Saturday and Monday last, and
prices further declined, reaching in some cases the lowest
figures made in the recent downward turn. On Tuesday
everything brightened up, and with the decline in rates for
foreign exchange, indicating a smaller prospect of gold shipments, stocks advanced all around, and closed decidedly
better.
On Wednesday the advance was not fully held, but
there was notable London buying of two leading stocks
Louisville & Nashville and St. Paul— and this had a good
effect on the whole market.
On Thursday foreign exchange
was firmer, and stocks were generally easier on a moderate
business but to-day, after opening about steady, they became
stronger, and after twelve o'clock prices advanced further and
closed about H^ per cent above the first prices of the day on
St. Paul and Louisville & Nashville.
St. Paul has been firmer than most otheifstocks on its London support, and Louisville & Nashville, also Ijought for London account, was stronger, and it was announced on Thursday
that a large majority of stock would be voted next week in
favor of the present management, thus confirming all their
{>lan8.
North American recovered about 3V^ per cent from its
owest price, and Mr. Villard's arrival here was believed to
have had some effect. Richmond Ter. also advanced to 14J^,
closing at that price. Chicago Gas has weakened t) 50J( on the
reports from Chicago of determined opposition by dissatisfied
parties.
Sugar, on considerable transacti< ns, has been fairly
steady, notwithstanding the injunction on Wednesday against
the payment of the dividend, and to-day (after the vacating
;
;
;
;
;
;
;
;
;
;
3
'
Paris hanlters (francsi
Amsterdam IKUlldersi hankers
PranUtoil or lirenien( reicbinarkalb'nker»
by an unreasonable
speculation which shall put prices up so higlithat an early export movement will beimposi^ible. we may look foraready demand for our produce from the foreigners, who have s)io%vn
their willingness to buy at prices lately ruling.
It is always a
damaging practice to force up the prices of wheat or cotton at
the beginning of a crop year to figures that cannot possibly be
maintained, and it usually results in disappointment and
losses to the producers, to the commission men, and also to a
majority of the speculators.
A notable feature of our stock market this week was the
buying for foreign account but it must be said that this was
limited mostly to Wednesday and applied principally to two
leading stocks that are largely held abroad. Still, it seems probable that with a better feeling here and more confidence shown
in our own securities, the foreign demand would quickly
spring up and be shown more generally throughout the list,
as bonds in particular are selling at prices which invite the
attention of buyers at home and abroad.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 4 p. c, the
average being 3 p. c. To-day rates on call were 3 to 2% P- c
Prime commercial paper is quoted at 5i^(g6}^ p. c.
Tuly
cables,
.4
Financial Situation.— Tho
first of July has passed without a single default on railroad
bonds, so far as known, and without a scintillation of tisrlit
money. To-day our city banks hold a surplus reserve of Slo,40o,075 above their legal" requirement, against $3.8-16,950 at the
Money
Sixty
3.
Documentary commercial
i
American Tobacco
The
;
Prlmehankers'sterllng blllsonLoDdon.. 4 86 S4 86'9 4 83
S5>«*4 84»a
Prime commercial
to
to
lOn d'm'd —
|
Empire ('i ty
N. Y. Bowery
to
to
to
1 July 10 to Auk.
15 July 1 to July
l>fl
3>«
Hanlo
KluKs
iJuly
2
3>fl
& Petersburg
Vcmion t VuUpv
I.onit IhI iiid
3>«
lAuir.
Klphraoiid
Coninieriiiil
4 87.^4 87><
"4
|
(Hmoklvn)
demand,
;
87^04 87?^.
Posted rates of leading bankers are as follows:
BookH Cloted.
{Days inclufive.)
i
DotrotI llUlwlaloiV: S.
Iron
Nasb. CUntt. & St. Louis
V. Y. Ceutral & Hudson River...
Pporla A Pekln Union (quar)
Piirlmnoutli
Per
85i.^
4 85^^(94
sterling.
4
Cent.
13
7.592 ,2j5
Foreign E.\chnnge.—Sterling bills were steady to firm last
Saturday and Monday, becoming quite weak on Tuesday and
Wednesday, owing mainly to the purchase of securities for
foreign account and the free offering of bills by a leading hanking hou.se. Commercial bills offered against future shipments
have less influence than usual at this season, since bankers iire of the "injunction) it closed at 82^^. Silver bullion
(Irawing their own long bills more reluctantly. On Thursday have been less active, but close stronger at 101^.
certificates
—
. .. ..
6
'
'fHE CflRONICLK
14
NEW YORK STOCK EKCHANHE-^Or/P^S STOCKS
[Vol. nil.
enimg
tor wie>e
JULY
and
3,
HIGHEST AND LOWEST PRICES
STOCKS
KB.
Active
AtchiKoa Top.
&
Atlanttc
Canadiun Pactdc
Canada Southern
Central of New Jersey
Central Pacific
Do
Do
&
CItleago
27.
29 'e
3014
2979
Mis 4%
-19^ BO'S
•4I2
4%
7914
7914
481a
"•
46
iRt preJ
do
2dpref
do
Alton
*26
124,
Chicago Burllnfrton & Quincy.
Cbioago &. Eastern I lllnols.
. .
Do
Do
Si.
i
Do
85'8
63'e
pref
St. L.
pref
Do
Do
-50
*i2
116
1st pref
2d pref.
Evansville &. Terre Haute
Great Northern, pref
Illinois Central
Iowa Central
107
70%
93
64
93
60^8
Sl'l
86%
23
*82ia
83>3
5919
70%
7II4
Louisv. New Alb. & Chicago..
Louisville St. Louis & Texas.
Manhattan Elevated, eonsol..
Mexican Central
Michigan Central
19
20
99
991a
19=^
Do
"IS'^s
87
92I9
Do
prel.
Do
pref.
37
Nashv. Chattanooga &8t.Ix)ui8 106
New York Centralife Hudson
Kew York Chic. &. St. Louis
Do
1 St pref
Do
2d pref
New York Lake Erie & West'n
Do
pref
New York A New England
New York New Hav. & Hart.
New Y'ork Outurio Westcru
New Y'ork Susquehau. & West.
Do
pref.
Norfolk & Western
Do
pref
.
14
51
pref
12
671a
20
18%
1538
7
27
14
51
951a
Paul Minn. & Manitoba...
Southern Paciflc Co
Texas
i-
103
Toledo
Toledo
Ann Arbor &
A Ohio
Union
Paciflc
Pacific Denver
Wabash
P"
Wheeling A
„, Do
»„.
..
& Gulf.
14
5958
13
13%
67%
•671a
•65
73 >s
pref.
Wisconsin Central Co
•17V,
ni»e«llaneouii Siocka.
Ameiican Cotton OU Co
21
» .
i**
Am.
Sugar Ref.Co.,toiup.
ctfs.
^^ ^ wet., temp. ctf».
«...
'Z7
81
pref.
87%
•...
32
107
5014
30i«
__ „
50
85
43
1214
89ii
103
171^
14
'
1
•76
171a
lOk
21%'
SSOg
7439
18
211b
40
821s
891a
51Tg
81
17
^
.
The«
are
tlie
prices bid
and asked
;
18
17
72
671a
25
331*
7
7
•2oia
271a
nsia
51
221a
14iii
52
23
62% 64%
•
•13
•69
15
596g
13%
29
125
124
126
125
88
8718
*62ia
17
17
46I3
461a
87
8758
65I3
'62
921a
6358
631a
7158
231a
•81
71'8
2312
59
59%
83
24
128
24
1281a
1341a 13458
16
17
49%
5%
*50
•13
116
•86
58
14
119
87
94
94
23
8
23
3469 Apr. as
6 Jan. 13
80% July 3
48 Mar. 7 525s Apr. 27
105% June 29 12234 Apr. 28
29 Feb. 24 31% Apr. 30
15% June 29 19% Feb. 9
44 Jan. 2 54% Feb. 10
26% May 20 34% Feb. 10
123 May 12 130 Jan. 5
75% Mar. 7 933; Jan. 14
41% Jan. 3 67% May 1
83 Jar. 2 975^ May 1
50% Jan. 2 6658 May 1
105% Jan. 3 11534 May 1
102% Mar. 9 UlSg Apr. 25
130 Mar. 18 138% Jan. 12
63% Mar. 6 8058 May 1
1,916
6,820
2,380
900
12
54,530
400
10
112
104% 104%
132
134
71%
•23
•81
59%
1.015
7,647
7256
555
23,880
26
83
60
13,913
91
200
5%
5%
•50
13
60
14
115
86
119
86
94% 94%
I312
1358
5OI4
•6%
22
2,365
350
6
100
600
346
680
110
25
•13I4
135
110
135
*8
14%
67I2
66%
38I4
39
110
99% 99%
11% 13
•65
67%
50
85
17
IOI4
215b
32%
72% 73%
16% 16%
49
3314
'224
1618
•7
•26
1314
21% 21%
37% 38%
80% 81%
21
39
88
88
48
50
88
88
4868 61%
21%
I4I
80% 82%'
30% 31%, 30% 32%
•91% 93
92
93
44% 45
98
98
16%
102
17%
12>«
29
33
66 14
44% 45%
99%'
'
91% 9214
102% 102%
17
17%
12% 13%
•26
28
19
19
49% 50
325e 33%
224
I6I4
16
7k
28
13%
•7
•26
235
•25
28
19% 19%
50%
31% 33
•49
224
230
16% •15% 16%
7%
29
15% 15%
51% 51%
22% 22%
635e 64%
65
15
•14
70
*7
•26
14
*51
7%
29
15%
52
221
22%
63% 65%
•14
•69
19
72
16% 16% •16% 17
29
28% 29% 29
16
14% 14%
13% 14%
•67
69
40
•68% 70
110 110
125
135
109
125
67
34
67
•65
•98
99
105
34%
19
74
14%
59%
14% 15%
'
76"
35
97
69
40
70
109
135
68
35
98
103
32%
13%
1468
48
85
43%
18%
\0\
14% 14%
66%
•64
38
125
135
70
35
70
36
97% 98
103
105
32% 32%
13% 13%
14% 14%
76'
4S
85
43% 44%
-17
18%
10%
22=8
2259
33%
32%
747i
74
18
39%
•68% 70
109% 109%
•16%
23%;
3358'
75%
18
98
9
Jau.
2 140% Feb.
15 June 27 20% Jan.
46% June 29 63% Jan.
5% June 26 8% Jan.
52 Mar. 16 66 Jan.
13% June 30 19% Jan.
1 29
Apr.
111% Feb.
92% Apr.
72 Jan.
90 Mar. 9 103% Jan.
6% Jan. 10 914 Apr.
20 Jan. 3 30 May
1268 May 19 15% Feb.
5414 Mar. 6 61% Apr.
xl05%Jne30 11358 Feb.
86 Jau. 3 98 July
6969 June 29 82% May
18 Mar. 9 29% Apr.
5 Mar. 24 18 Jan.
96% Jan. 27 109 Apr.
18% Mar. 21 24% Jan.
6
7
9
Jar.
18.
14
14
14
14
2
9
14
21
1
5
28
»
1
1
27
15
6
4
Feb.
26
96
3
June
89
100 70 May 21 93 Jan. 15
3.245 98% May 19 111 ,Jan. 14
3% Mar. 18 6% Jan. 10
Mar. 18 12% Jan. 14
8
935 11% Mar. 14 16% Apr. 30
1,005 19% Mar. 6' 26 May 1
24,555 60% Jan. 2 73% Apr. 27
1,467 26 Jan. 2 44% June 3
25 93 .Tan. 21 no May 29820 99% May 19 104% Feb. 3
100 11% Jan. 2 1458 Feb. 10
57 Jan. 2 70 Jan. 29
100 23 Jan. 2 31% Feb. 10
2,680 17% Mar. 7 22% Apr. 28
1,100 47% June 29 56% Apr. 28
21,444 31% July 3 41% Jan. 15
Feb. 3
•226 Miir. 26 271
2,692 15 June 26 1834 Mar. 17
360
7 June 20 1 1 % Feb. 17
27 June 20 40% Feb. 18
250 13% July 1 16% Jan. 14
1,225 50% June 29 57% Jan. 14
11,120 21% Jan. 2 30 Jan. 14
25,411 62 Juno 29 74 Jan. 30
15% Mar. 11 19% Jan. 17
14 Jan. 2 18 Feb. 7
Mar. 9 82 Jan. 12
5 65
30 Apr. 28
200 19 Jan.
518 14% Jan. 7 22 Apr. 23:
20,750 27% Juno 29 35 May 1
383 12% Jan. 7 18% Apr. 2T
10 48 Jan. 6 64% Apr. 27
27,368 12% June 26 19% Feb. 7
200 66% June 26 76% Feb. 10
100 23 J n. 2 44 May 1
10 55% Jan. 2 74% Apr. 30
275 109 May 221111% Apr. 18
120 Jau. 6i 122% Jan. 3
9% Feb. 26 12% May 23
125 55 Feb. 16 70 Jan. 16
1,671 24 Jan. 15, 36 July 3
Juue 12
5 97
Jan.
78
6
320 100 Jan. 2111 Feb
2,810 23 Jan. 16] 33% June 15
1,765 12% June 27 16% Jill. 14
1,480 13 June 30 20%iau. 13
45 Apr. 6 61 Jan. 13
Feb. 16
78 June 8 88
36,912 4159 Jan. 28 52% Apr. 28
600 17 June 29 24% Jan. 14
340
869 Mar. 10 1169 Apr. 25
11,966 16% Jan. 2 24 June 15
10,700 29% Jan. 26; 37% May 5
3,830 67% Jan. 2 79% Apr. 27
250 17 June 26 23% Jan. 14
1,255
21% 2158 •21% 2I69 •21% 22% 1,140 15% Jan. 2 29 Apr. 22
40% 40% 42
43
42% 42% 1,265 33% Jau. 2 53 Apr. 23
80% 83% 81% 83
82
83% 51,084 57% Jan. 17 92% Apr. 10
88% 88% 88% 83
754 85 Feb. 27, 96 Juno 9
88%
51% 49% 50% 94,740 34 Jan. 2 55%J\mel8
34% •33% 34%, 2,335 32 % June 26 3934 Mar. 1
92% 925b 93% 93%
455 92% July 2, 9958 Apr. 30
46% 48
47% 47%' 18,110 41% Feb. Ifi 49 J.<n. 12
Feb.
99%l
5
100 100
557 83 Jau. 3 111
99%
92% 93% 93
9368
93
93% 18,545 73% Mar. 11 104 May 2T
102
102
104 104% 104% 104%
930 101 Feb. 31110% May
l%Jan. 17
17% 175r 17% 1758
17% 17% 11,011 16% June 23
13% 13%
13% 14% 14
14% 12,012 11% Jan. 2 19% Feb. 13
•26
•26
•26
27
29
15% ,Ian. 7 32% May 1
29
33% 34
33% 33% 34% 34% 3,692 31% Jan. 26 41% Feb. 26
66% 6B6p 66% 66% 66% 66% 156,00 65 June 30 81 Feb. 10
180 180
'180
180 185
183
411 180 May 14 196% Jan. 14
101% 102% 101% 101% 101% 101% /, f 46.00c 96% Apr. 22 107% Jan. 15
33
32% 32% 32% 32% 3,240 30% June 27 39% Jan. 14
34
51
52
33
34
92%
50
34
04
45% 46 Is
98
9H
29
33 >4 34
65
6569
182
180 180
100% 100% 102
31
3068 32%
•85
90
90
•82
7a5g
79
79% 79%
no sale made.
110
99% 99'! 100% 100%
11% 13
12% 13
•65
67%
67% 6!
51% 52
22% 23
64
107
•25
34
230
9%
15
24
67%
39% 39%
07
110
1914
•67
•38
98
41
8
•14
66% 67
•38% 40
107
103% 103% 103
103
30% 32^ 32% 32% 32%
13
13% 13% 13% 13%
13
141a
14% 14% 1458
50
48
•76
•76"
85
76
85
42% 44% 43% 44% 42%
17
17
18%' •16%
18
IOI4 1058
•9%
10
10
2168 22%
22%
23
22%
32I4 3314
32% 34
32%
73% 74% 74% 75
74%
•16% 18
•17% 18
•16%
12%
14%
9
1434
49%
27
*24ia
1914
82
18
67% 65
07
32% 32% 34
•96
86%
23.% 24% •23% 24% •23
591a
141s
108
125
•75
83
110% 108 110
•3% 4%
•3% 5
141-2
•58
39
75
108
10
•14
•69
•24
74
68
39
100% 100%
•8
141a
15% .15
131a
1091a
18
17
11
IOOI3 IOOI2
•19=8 201a
Mar. 23
900 23% June 30 29% May
June 29 13968 Feb.
127% 128
795 126
134% 135% 17,420 131
•16
6
920 22 Mar. 10 29 Apr. 27
30 77% Jan. 29 8658 Apr. 22
57^4 Juno 29 66% May 5
•91
24% 24%
Highest
2465 Mar 10
459 Mar. 19
63% 64% 202,165
111
9% •48% 50
•5
5
•1314
•65
70
*9'8
102
I7i«
13
235
15% 16
I414
50^9
221a
6358
90% 91%
96
103
I
321a
27
21
31I4
lai* 12is
12%
*24
•26
28
Paciflc MaA
321, 331,
32%
Pipe Line (>rtlflcate84
66
66>a 66%
Pullman Palace Car Co
'ITS 182
'175
SUver Bullion Certificates. ...' 100% 101
100%
Taanesaee Coal A Iron
SOVi 31%
30°8
•86
pref
•85
00
w««tem Union Telegraph .
78% 79
78%
^
26
of sales In 1891.
900 72% Jan.
3114
48
30
31a
106
225
41% 42%
*92% 93i«
45
45
99>al00
38I4
108
1199% lOOia
•96
98
104 104
3OI4 30%
951a
1238'
321s
Colorado Coal A
Consolidated Gas Co
Distilling A Cattle Peod'g Co.
Edison General Electric
National Cordage Co
pref.
».."",, ...^
National I>>adTmst
North American Co
Oregon Imiirovcmeni Oo
•125
30%
2m
I,ake Erie
CUeagoOaaCo
108
1214
•9%
pre'
143e
24
67 »4
82
110
18
19
73
23 241a •231a 24ie
26
-16
16
17
16
•16% 17
28
27'8 29
2858
28% 18%
sola
•76
4238
171a
pref.
7
'
13% 13%'
N. MIeh
Central
"1
„
Union
.
Pacific
7
72
pref.
St.
1514
''13
RomeWatert.&Ogdcns.-lVew,*108is HO
St. Louis Alton &. T. XL, pref. *125
135
St. L. Ark & Tex., trust rcc.
St, Lou. & Kan Fran, .let pref. -66
70
St. Paul A Duluth
31
31
pref.
10
14
2358
65«8
3814
•11
•65
33
230
I518
62
Rio Grande Western
Do
41a
47%
63%
pref.
Do
49
108
•30
•2612
•61a
•76
471a
311a
22
6714
•seifl
18% 1958
47% 49
65ie
18
pref.
87
•9913 101
*18ia 1915
110
25
22''6
1278
no's
108
31 14
161a
*6ia
....
181a
•251a
•131a
501a
,
Do
108
46
93% 93%
80
111
26
220
*17
Ohio & ML'sisalppl
•14
Ohio Southern
17
Oregon R'y &. Navigation Co. •69
72
t-h.
Oregon
Llnp&utah North 23% 23%
Peoria Deca'ur & Evausvillc.
I512 15%
Phlla. & Head., vot. trust, cert.
28'8 29
Pittsburg Cinii. Clilc. it St. L. '14
16
Do
"131a
•86
I8I4
22I4
Richmond AWestP'tTerminal
50
14H
50
IOII4
•8
Og's 100
•11
13
•64
671a
99'8
50
321a 33
'225 235
1518
7
•2514
59ifl
921a
8
108
*47ia
Northern Pacific
101
0558
3718
36
25
1814
cSi
Do
37
109
'
5913
23
80
60
86
4%
SO'-a
•3014
leia
2434
24% '22
13% 13% •13% 13%
10
14
23
2238
6414
P5''e
12
•64
22
80
117% 119
•841a
921a
-61a
•21
31a
14
24
99'8
.
72k;
I3I4
1314
116
80
1071a 109
•3
•8
9I2
1414
6j58
Mohile&Ohlo
7158
58
80
107
4k
UM
•23
Missouri Paciflc
•50
•861a
*3i«
•8
Mo. K.& Tex., ex 2dm. bends.
105
133
•41a
801a
•48
llOia 112
10514 104% 105
133
133 133
72
26
85
1918
-75
80
IO6I3IIO
pref.
631^ "e'i's
6312
31% 32% 64,300
4%
801a
4314
I§»1.
1,
Lowest.
Shares.
3.
5
99
99
*17ia
•75
If inneapolts ti St. Ix>nl8
6511
'41a
July
685
56% 56%
530
56
56
56
56% 56
1051*108% loe^s 10734 106% 106% 107% 107%
8,770
sieia 98
S6ia 961a
96% 97
1,542
•961a 9712
7458 101,455
73% 7419 72% 73% 73
TO'e 72%
6958 70%
2058 22
20
1,530
213e
221a 22I2 19% 22%
191a 1958
•881a
.
8858
"23ia"2'ii4 "24" "2'4i4
1271a 1271a 129 1291*
Xl33i4l34% 134% I3514
*16i8
•16
...
48I4 48%
49% SO
514
5% ^514 6
•6ia
*21
17
IUI2 llliall2
*23ia
•81
58ie
60
14
118
85I2 "85"
91
92
3114
46
30
127
621a
631a
71
85
•50
•13
60
14
118
•93
& West
46
*27
124
127
88
87'8
110
5%
5%
LoulgvilleiSc Nashville
8h.
16 14
46
30
6313
57% 58%
13
Milwaukee Lake
301a
"6'2"
7058
23i«
•3014
161a
32ie
3168
•80
•48
108
Week,
Friday,
JAN.
Range
Sales
of the
Thursday,
July 2.
4%
*80
81
47% 4314 49
108
1081a 108
•45
•27
•124
110
6s)'8
24
851-2
pref.
4%
80
*29ia
la's
7
7
71a
•21
24%
23
13
13
12%
Lake Erie dk Western
55
55
,56
56 le
pref.
Do
Lake Shore & Mich. Southern. 108^8 10938 108 109
95 1« OS's
95
95
Long Island
Do
321a
•4>fl
30.
IO4I4 105
103% IO314 104
129% 129%
514
& Oa
32
•4I3
x47%
23 25
Columbus nocking Val. &T0I. "2413 25
127 127% 126 I26I4
Delaware it Hudson
Delaware Lackawanna iSiWest 134'8 I3514 13458 135%
15%
1538 •15
15
Denver & Rio Grande
46% 47
47»3 471s
pref.
Do
East Tennessee Va.
30% 32
86»8
110
110
70i8
*23Ja
*82i2
SB's
Chicago Rock Island & Paciflc.
Chicaeo St. Paul Mlnu. & Om.
Clere. Cincln. Chlo.
64
1031a
pref
Do
64
110
Northwestern
Do
86^8
asM
60% 61%
pref
Chicago
861*
1.
79 '3
46 14 45 14 46
•26
30
30
124 127
127
*91»s
pref.
St.Paul.
ChlcajroMllwaukee&
30«8
48%
4b>« 48H!
10514 107
ice's 107
•30
31
*30
31
15% 16
16
16
& O., vot. tr. cert.
July
June
Jane
SlockB.
A Santa le
Paclflo
Chesapeake
Monday,
June 29.
Saturday,
Wednesday,
Tuesday,
sinae
5 Prices from both
i.1
1
:
86
•83
87
•83
87
79
79% 79% 79
4,602
ExAinges.
Lowest is ex dlv. x Ex
7968
||
80
76
Jan.
Jau.
diTidend.
6
21
1
88
83
June
16-
Apr. 30
Ex rights.
July
THE
8. 1891.]
SESV
;
.
.
.
July
Aanfw
3.
iNACTivK Stocks.
1
Rallrnart Btocka.
Alabamn A VIokbwKlI
100
100
HiiKquplinuim
Allnntu & (Hmilottc AlrL1I....10O
Albniiv
J.-
&
BvlU'vlllo
Houtli.
111.
i>ref....lOO
Bonton A- N. Y. Air Line pref
Bnwklvii Elevntcd"
Buffald' Uochfstfr & Pitts
. . .
ABk.
Bid.
tndli-atrB unllsteil.
II
.
Prcfrricd
100
100
100}
100 t
100
89
160
135
25
33
78
25
28
Burl. tVdiir Riiplds &. Nor
11
Callfomlii I'acirtolT
100,
lOO!
S*))
Cedar FiillaA Mluuosota
Cliie.A Atl., Belief, trust rects.H.-l
50 ale's
Cli'VPland & Pittsburg
A UreenTlUep<
Des Moines & Fort Dodge
Pn-ferred
Hhore & Atlan.lf
PreferredH
rUnt 4 PiTc Marquette
8.
No
135
99
30
29
74
20
Plttsbnrg * Western
Preferred
Bensaelaor h Saratoga
at. Joseph /i (Iraiid Island
8t. Louis Alton i& T. 11
St. Louis Southwestern
Preferred
SouUi Carolina
Toledo Peoria & WesternU
Toledo Ht. Louis & K. CltyH
June 140 May
June 103>s Feb.
30
Apr.
Jan.
Jan.
Apr.
37%
79''8
May
32
June
a
July
Bid.
3%
Mar.
100 170
Jan.
Mar.
96
May
16
4
Feb.
,
Mar.
131s Apr.
301* Jan.
63 Jan.
May
Apr.
May
85 Jan.
1091s Apr.
40 Jan.
100
514 May
Jan.
1871s July 1481s Mar.
;04 Jan. 110 Mar.
16 Mar.
22 Apr.
5
June
8
Jan.
149 Jan. 15214 Mar.
Bid.
1906 99
Class B, 5s
1906
Class C, 4s
1906
Currency funding 49
1920
Arkansas— 6s,fuud.Hol. 1 899-1900
do. Non-Holford 150
7s, Arkansas Central RR
Louisiana— 7s, cons
1914
Stamped 49
Missouri— Fund
1894-1895
New York
CltT
to 5
Bank Statement
37, 1891, is as follows.
We
SECURITIES.
Ask.
100
100
100
37i»
|
!
1893
North Carolina— 6s, old
JAJJ
Funding act
1900
New bonds, J. A.1... 1892-1898
1
1910
1919
68
Rhode Island— 6s,
for the
week ending June
(00)
Bakkb.
OapoHrj.
Bankot New York...
Manhattan
Co.
Merchants'
Mechanics'
America.
Phenlx.
caty
I
"
&.
Traders
Greenwich
Leatnei Manufact'rs
Seventh National
State of New York...
American Exchange..
Commerce
Broadway..
Mercantile
Paolflo
Bepabllc
Chatham
Peoples'
North America.
Hanover
Irving
..
Loam.
I
Specie.
lit
...
Com Kxchange
Continental
Oriental
Importers' * Traders'
Park
East River
Fourth National
"
Central Natlonsl
Second National
...
20....
27....
Pblia.'
Jane 13....
First National..
20....
87.,..
—
City Railroad Seearlties Brokers' Quotations.
Dtt Dock E. B'y & B.—
110
115
Atlantic Ar., B'klyn.St'k.
Gen. M.,53, 1909...A&O
81'okerSt. A i'ul. K. -Stic
Istmort., 7s., 190(^-.JJkJ
«r'dway k 7thAT.--8t'k..
let mort., 58, 1904 .J,ftD
Idmort., 5s, 1914...J<ftJ
106
27
118
200
ioj" 105
102 103
4'way Ist, 6s, gu
*ii 103
103
2nd 58, int. as runt., *05. 93
95
Srooklyu City— Stock
163
156
1st mort., 58, 1902. .J4J 103
105
B'klynenMBt'nSs., 1908 108 110
Bku.U'yAN'u3a,1938 J AJ 100 102
lentral C'ros.stown— St'k..
150
115" 117
l8t ni05t., 68, 1922.
^nt. Pk.N.JkE.Rlv.— Stk. 112 116
Consols. 7s, 1902 ...J<tD lit
lie
>ry Dk.E.B.ct Bafy— Slk. 130
135
lat mort, 78, 1883..JAD 100
103
Bank St DCk
BANK8.~ Bid.
200
Germania
United SUtea
Garfield
Fifth National
Bank of the Metrop.
WertSlile
:..
Beakoard
"*
Sixth National
Weetem SaUona)....
First Natlonal.B'klyn
.'60.77g.7'64,73e,alS89.1'30.a!87,8«5.e|5|,078,0 402.')aa,0
Oonlinental 135
Corn Exch...
Deposit
109
Bast River..
Uth Ward... 200
ruth AT*....
Im. A Trad's"
Irving
Leather Mis'
Lincoln
l«>-j Manhattan...
Markets Fol
Meohanlos'..
255
M'ch8'*Tr»'.
MercanUle...
165
Merchants'..
Foorlh
171
Metropolitan
.
351
1
Murray HUl.
Naaaai.
325
290
Phenlx
Piodnoe Ex
RepabUo....
Seaboard ....168
Seoond
330
Seventh
IliS
ShoeALeath.
.
....
1230
'200
'225
153
125
147
"a'
li*9*S
People's
255
218
7
i*««
.'
Park
185
175
216
US
N. America..!
Oi'ieital
540
...
......
Ninth
Uth Ward..!l50
Paoltto
3*7*6"
'Metropolis... 875
..
N.Y.NatKx.i
12A
Meroh'U Ex.
17»
300
110
240
1C«
N.Y. Coanty. 600
40i)
!
1
_
107
100
105
104
175
1
Hanover
345
Hud. River..
Morris
113
52
1
295
Oerman Am.
Mt
43
I
bank stocks tliis week.
Ask.
BANKS. Bid. A>k
New York.. .235 US
Bid.
Greenwich...
Fifth
First
....
First N., S. I.
lith Street.. 170
,10s
St.S.Ave.1 39
I
..'.'.'..'
Columbia
Commerce... 189
Manh.A
MAN
Germania
4500 4900
450
CltiseDS'
St.
Istmoit., 6s, 1910..1IAS 110
JdtJ 60
2a M„ income, 6s
:Houst.w.St.<t P.F'y—Stk. 200
1st mort., 78, 1894. .JAJ 100
iNimh -We
97
103
,Se •nd Ave.—Stock
102
Ist mort, 5s, 1909.
170
'sixth Ave.— Stock
290
jThird Ave.— Stock,
l8t M.,59, 1937. ... JAJ 107
iTwenty-thlrd St— Stock.. 235
102
l8t mort, 78, 1893
181
Cihemlcal
City
ica
210
109
245
I
GNirman Ex.
)5U
240
102
1st mort., 7s, 1893.
42d
153
.)76
100
& Gr'nd St. P'ry— Stk.
AAO
42d
I
305
280
Ohase
I
At.— Stock
206
EighthAr.— Scrip, 6s,1914 103
ISlghth
<*aUatln
Oarttold
Chatham
F*A
8orlp6b
I
BANKS.
Ask.
•-
•
2*56*
Lincoln
....
103
25
114
Llst--Latest prices of
210
^m. Exoh... 148
Bowery
New ^ ork Connty."
Sermac-A mencan "
Flftll Avenue
German Kxchange.*.*!
81,710,3
82,711,7
79,576,4
85,793,7
35,793,7
35,793,7
Central
.
404,658;9:3,603;2 594,802,2
I
Broadway... 267
Batchs'A b.-.
Chase NKtlonal
%
3,139, 7,888.526.5
3,485, 7(584,753,8
3,570, 1:686,405,7
3,533, 3 331,922.2
45,342,9 149,533,1! 9,341,4! 5,114,0 124, 777,7,3.238,
65,842.9 )49.951.9 9,736.8 5,313,4 125, 45i.4'3.'.i83.
05,842,9 150,370,4 9,893,21 5,652,6 125, 186,6:3,313,
Third National
N. Y. yal'l Kxchange
Bowery
S
383, 832,4
383, 491,5
391, 8'Z4,7
402, 0J6,0
i
»3.4C9,0
30,461.0
M't.O 2,077.0 58 311,8
.039.0 2,082,0 60,800,9
93,111,0
30,141,0
,685,0 2,082,0 37,303,7
03.137,0
29,530.0
' We (nait two cipturt
tn all these JlQuru, f Inoladioa, for Bo«tOD and Phi a
deiphla. the Item "due to other banKi."
"
•'
tjnertoa
Ninth National.
Devotits.': ?l'^'''n\oltannti.
Ije^alt.
I
MAN
Folton
St Nicholas
ShoeA Leather
<6
row
Boston and Philadelphia Banks
A
SuTvlu:
I
*
1125,139,4 386,236.4 59,751,3 42,908.9
125.139,4 383.031.« 60,504,4 45,853,3
20.... 125.136.4 3S8. 189,7 Bo.382,2 49,496.2
" 27.... 'i'JA,508,9 389.930,367, 845,8 31,073.0
July »
123.608,9 393,880,8168,235,4 30,394,4
"
Ask.
68, consolidated bonds
6s, consolidated, 2d series, rects.
68, deferred, t'st rec'ts, stamped
'•
••
Gallatin National
Batchers' & Drovers'.
Kassan
Market
94
oaton.'
.
Citizens'.
City,
Capital
Jime 13
Tradesmen's .
Chemical
Merchants' Exchange
Mechanics'
New York
H. York.'
Jon* 6
Bid.
Virginia— 68, old
126
in all caset.
Baskb.
.uOt omttted.)
99
98
cou.. 1893-1894
South Carolina- 6s, non-fund.1888
omit two ciphers
SECURITIES.
1892-1898
Tennessee— 68, old
Comiromise, 3-4-5-6S
1912
New settlement, 68
1913
1913
58
1913
38
Chatham RK
Consolidated 4s
3.
B.C. (cont.)— Brown con8ol.6s.l893
Ask.
Bid.
New York— Os, loan
Special tax. Class
Mar.
,
NEW YORK STOCK EXCHANGE PRICES.—ST^T^ BONDS JULY
SECURITIES.
14
7>< June
16)^ May
Oit Feb.
194s June
[
Wayne & Chicago.... lon
price Thursday; latest price this -week.
Alabama— Class A, 4
June
June
6
ZH Jan.
100 115
Am. TcleKraph & Cable
100,: 80
Aincrleaii Tobacco Co., pret ..100 t 09
Brunswick Company
lOOl
9
Buckeje Pipe Line
Chic June. Ry. & Stock Yards. lOOi
Preferred
100
100
Columbus & nocking Coal
Commercial Cable
100 :104>4
Consol. Coal of Maryland
lOOi 24
100
Laclede Gas
Do
pref
100
Lehigh & Wilkes. CoalU
100
Maryland Coal
Minnesota Iron
100
68 May
National Linseed Oil Co
100
33 June
100
New Central Coal
9
11
9\ Mar.
Ontario Silver Mining
100 39
3919 39 Apr.
Pennsylvania Coal
50 250 |300 260 May
Phlla. Natural Gas
50
23 Fell.
Postal Telegraph— CableU
32
28
34 Jan.
5i«
Quicksilver Mining
100
5
5 June
Preferred
100 31
35
36 June
I7I3 14 Mar.
Texas Pacittc Land Trust
100 ! 17
50i« June
100 : 65ia 56
U. 8. Express
Wells, Fargo Express
100 137 144 137 Jan.
6
15
Feb.
Feb.
281s Apr.
861s Apr.
8% Jan.
81s Jan.
4 Apr.
18
lOOi;
Hank Note CoH
Ainerletii
6»sMay
100
100
100
40it June
38 Jml
175 Mar. 189 May
9 Feb.
6 Apr.
26 >3 Jan.
86 Apr.
180
100
Atuerieau Express
15
Bighal.
miaeelluiieous Stocks.
8>s Apr.
June 152
{iaU$) in 1891.
Lmetil.
10«i
Adams Express
144
Range
3.
Ask.
90
50: 36
Virginia Midland
6H
IniiciteaaotuilaalM.)
.
Apr.
Apr.
14
QeorRla PacltlcH
G recti Bay Win. & St. PauI....100l
100
Hoanton & Texas Central
nUnols Central leased lines.... 100
Kanawha & MiehiKan
100
100
Keokuk vt Ues Moines
Preferred
100
Loulsv. Kvans. & St. Lo., cons.lOOi
lOOj
Preferred
Lou. St. L. &Tex. See precedlngpage
Malinul iitt Coal
Preferred
50
Memphis >& Charleston
25
Mexiea n Nation jl
100
Morris A- Essex
50
N. Y. Laek. A Western
100
N. V. & Northern pref
100
Peoria & Eastern
100
Pitts. Ft.
15
Inactive Stocks.
H Indicates unlisted.
May
1621a Mar. le?"*
100'
Preferred
(n 181)1
Bighft.
100
100
100
100
Coliimblii
Diiluth
39
(ni/<«)
Loae$l.
I
170
96
150
1)3
CIIttONlCLR
PHlC&'i {CoattanoD-LyAOriVE STOCKS.
YORK SrOUIt E!CGII4NUE
.
:
184
..•••
...>«•
state of N.T. KM)
154
130
IIU
Third
•••>•
St Nichoiae. IIH
'
338
323
135
Tra<leamen'a.
Unlt'd State*
jWeatern
IJWeataide.
.,.M
...*••
.....
98
..«—
.
J
F
.
J
I
THE CHRONEOLE.
16
[Vol. LIIU
EXCHANGE S.
RnSTON. PHILADELPHFA AXD BALTIttORE STOCK
Share Prtce» — not Per Centum Prlcea.
Sales
of the
^f
Active Stocks.
f IndlcatcB unlisted.
June
& e. Fe f^Bo«<OH;.100
••
100
AUaiXlc U Pao.
Baltliiiorp & Ohio fB«/(J.l<K)
Atch. T.
27.
29 '8 30 M
4i«
July
30.
100
"
OhIc.Biir.AQuin.
Ohio. Mil. & St. P. rPA«.;-ioo
Chlo. & W. Midi. (BoalottJ. 100
"
100
Clere. & Canton
173I4 173i« J 75
172i« 170
•18
18
•37
37
86% S63i
62
eo's 61^.
•41
86%
168
18
37
37
86
864i
61
el's
5!ll
20
lOO
''
Preferred
200
•200
.
1733i
18"a
5%
20
76
•20
20
76
"
100 •75
"
100
"
75
100
Preferred
Ha]it.&Br.Top.CPAi/a;. 50
48
"
CO •47
Preferred
46J4 46%
"
50
I«lilKh Valley
Maine Central (Botlon).lOO
19
19
"
100
Mexican Central
"
100 3212 32%
HY.&N. Eng.
"
100 981a 99
Preferred...
Northern Central rBa«.;. 50
22 ig 23
Northern Pnoiflc (PhUa.).lOO
"
100 63'9 65>4
Preferred
164
...
Old Colony.... fBo»«on;. 100
50
50%
Pennsylvania.. (Phila.). 50
•73
200
175% 177
20
76
*20
76
75
73
48
461s
141
47
47
46%
461a
3214
19% 195s
32% 33%
97
98
9313
22
62
22 14
iSh
•iS's
3119
231*
62% 64I4
I64I3 1641s
5018
50
635i.
164!% 165
49 'a 50
29
87%
63%
6476
•5%
•19% 20%
'.'.'.'...
76%
•76
76I4
96
97I4
2214
2214
23
2214
75
20
31%
94%
•61%
22%
63%
63% 64
64%
50%
63
7,180
16,467
121
2,687
23%
65
50% 50%
50%
50
32%
95%
164
165
166
165
50
..
19% 1978
32% 33%
33% 33%
98
98%
64
164
87
23% 23%
47% 47% •47% 47^8
46% 46%
4014 46%
20
19'8
2278
87%
63%
"is" "is"
24
47% 47%
46% 46%
981s
170
18% •16% 17%
•36% 38
38
76I4
76%
29
50
"1414 147u 14»,8 147
141..; 149u
13^8 14'iP 141i« 14i,,
"
50 14>2 141s
Phlla.AReadiUR
•5%....
Bummit Branch (Boston). 50
4314 4414
'•
41^ 42% 42% 44% 43% 43% 42^8 43% 223%
43
Union Pacilic
100 43
223%
223%223% '223 ...
222%...
'222%
United Cos.of N.J.rPAi/o.noO 223
•6% 714
714
7
7
7
7ii
7
WesternN. Y.&Pa(TAi7a.; 100
Philadel.
&
29
"
Erie.
•
29
29
of sales in 1891.
Highest.
Lowest.
Jan. 7
10 127
3
123 xl03 July
Jan. 3
192
61
12
172% June
1,233 tl68 June 29
185 16% Jan. 2
30 34% Jan. 2
5,225 75 Mar. 7
18,310 61 7e Jan. 2
41 Mar. 13
5 .5
Mar. 14
50 17
Mar. 14
50 72 June 18
.„ Mar. 19
is
June 12
115 71%
17% Jan. 2
188 43
14 Mar. 20
742 4579 June 4
140 Jan. 13
2,168 17% Mar. 23
13,036 31% June 29
865 94% July 3
63% June 17
176%
170
170
•20
...
24
•47
4638
135
103
200
130
xl03
200
199% 200
176% 176% 170
200
168
169% 171
18ii •18
18%
•37
38
38
87% 88% 88% '87%
6j% 6414 6314
ii'iH
41% 41% "•5%
-5% ...
•5%
•5I3
Fltchhure pref.
»L * Pere Marq.
5
85
200
177
171
Shares.
3.
31% 32% 45,760
Mar. 10 34% Apr. 24
205 24%
6 Jan. 12
•4%
414 JuneSO
85
85 Mar. 4 93% Jan. 12
32
85
85
IM
c
31%
•4%
32%
•4%
414
414
1.
32
30\ 32
30»8
41s
29''8
85
"
Id*'
prefcTri-d
"
100
2d prifcrred
100 -200
Boston)
Bontou A AUiauy
"
100 •172
Bo8U>u 4 Lowell
"
100 xl70
Boston & Maine
"
100 •18
Central ol Mass.
37
"
100
Preferred
June
July
Range
Week,
Friday,
Thursday,
July 2.
Wednesday,
Tuesday,
Monday,
Jimc 2J.
Saturday,
18,213
5,010
8
240
'
131
119
205
183%
209%
20%
40
Apr.
Apr.
Jan.
Feb.
Feb.
Jan.
Feb.
Jan.
93%
66% May
Jan.
Jan.
51
7
22
8
16
20
5
12
19
2
13
1
9
6
May 23
85% Jan. 5
26% Apr. 23
86% Apr. 23
June 16
25
47%
July 1
Feb. 3
Feb. 11
24% Jan. 14
41% Jan. 15
II6I4 Jan. 15
6
6fii4 Feb.
21% Jan. 2 29% Jan. 13
62 June 29 74 Feb. 10
103 June 9 168% Apr. 28
49% May 19 53 Apr. 29
28 Mar. 10 32 Feb. 10
1378 June 29 177,, May 1
4% Feb. 5 6% Jan. 12
4178 June 2 i> 52% Apr. 28
x223 June 24 230 Feb. 6
9 Feb. 11
7 June 29
51
146
.
Uacellaneoas
Stocks,
8II4 82%
81
81% 80% 83
Am.Sag'rBetln.l rBo«<on; .
87% 8? Is
89
"
89
88
89
Preferrea
'•
198%
197
200
Bell Teleuhone ..
10«5 1991a 200% 199
44%
"
Bo8t. & Montana
25 •44
44% 4418 41% 44
15>4 15 14
15
"
1513 151*
15
Butte Jt Boston..
25
258 .!58
258 258
"
Calumet & Uecla
25 260 260
Canton Co
(BaU.).lOO •54
55%
42
"
42% 43
Consolidated Gas
100 42% 43
48
48
Erie Telei)hone (Boston). 100
48% 48% 48
•IHI4 19
"
18%
l.ainsoii Store 6cr.
19
19
50
46% 46%
4614 46%
Lehi'hConl&N'av ThUj 60 *46i4 461..
•50
51
50
N.EUK. Telephone ( «'«(«'ii;100 '50
North Auierlean. (Phil.). 100 12% 125s. •12% 12% 12'8 13%
42
42
43
Thoineon-H'nE1.1irBo»r»U 25 •41% 42
42
•24% 25
25
25
^Preferred
26
H "
•20%
"
19'8 '26i«.
19% 20
West End Laud..
• Bid and aHked prices; no sale wns
aile.
80%
.
Ask.
Bid.
Inactive Stocks.
Atlanta & Charlotte {Balt.).'\
Boston & Providence (£o«ton).l
Camden <Sc Atantic pf. (P/it7a.)
"
Catawissa
Ist preferred
"
2d preferred
"
Central Ohio.
(Ball.).
& Augusta
'•
3%
57%
51%
25
(Phila.).
(Bait.)
,
West End
;
(Bolt.).
•'
"
112
125
IS
.
"
"
"
Tainara<'l( Mining....
Thoius'nKlec.Wr"l'g'i
. .
Con.M.,5 g..stamped,1922,M&N
Phil. Wilm. & Bait., 48.1917,
Pitts. C. & St. L., 78.... 1900,
i
1898,F&A
S'al.,7
103%
1
1
37
20
118
112
100
'»
North i'cnn. let, 78....1,S!Ki. M&N 112% 113
Gen. M. /s....
1903. J&J 122
Pcnnsy vania gen. 68, r..l910, Var 127%!
Consol. h.<, c
190.5 Var lis
j
i
1 Unlisted.
J
And accrued Interesu
I
Last price this week
J
105%
IOII4
112
113
108
M&S
M&S
M&S
192 1, M&S
1926, M&S
IO314 Virginia Mid., Ist 68. ..1906,
2d8eries,68
1911
3d8eries, 68
1916,
112
I
112
151
98%
100
100
100
Oxf.&Clark.,int,gu.,6g.l937,M&N
Pledm.&Cum.,lst, 5g.l91I, F&A
Pitts.&ConueU8.1st78.1898, J&J
)100
J&J 107
1919,M&N,
!
I
98
99
99
99
105
101
111
112
107
1925,A&0 100
4%8
I
I
.
CapeF.&Yad.,Ser.A.,6g.l9t6, J&D
1916, J&D
Series B.,6g
1916, J&D
Series C, 6 g
1930, M&S
Cent. Ohio, 4% g
Charl. Col.&Aug. Ist 7s. 1895, J&J
Ga.Car. &Nor. Ist 5 g..l929. J&.I
North. Cent. 68
1900, J&J
68
1904, J&J
Series A, 58
1926, J&J
71%
70
36
i
;
4th Series, 3-4-58
5th Series, 5s
West Va.C.&P.l8t,6g. 1911, J&J
West'^ V.C. Consol. 6 g.l914, J&J
Wilm. Col. & Aug., 6s.. 1910, J&D
M&N
12
Atlanta &Charl., 1st 7s, 1907,.t!iJ
Income 6s
1900, A&O
Baltimore & Ohio4g., 1935, A&O
Pitts. & Conn., 5 g. .1925, F&A
Stateu Island, 2d, 5 g.l926, J&J
Bal.&OhioS.W.,lst,4%g.l990,J&J
3lOs, 1896,
J&D
A&O
F&A
Po'keepsie Bridge, 6 g.l930, F&A
Schuyl.R.E.Side.l st 5 g.l935, J&D
Steubeu.&Iud.,lstui.,5s. 1914, J&J
1 894. A&O
United N. J., 6 g
Warren & Frank., l8t,7s,1896,F&A
Bonds.— Baltimore. ,.,
Catawissa, M.. 78
I900, F&A 117%;
Char. Cin.&Chlc.lstSg, 1947 O-J
ClearHeld&Jeir.,lst,68.1927,J&J. .'.'."'.'iii'
15% Connecting. 6s
1900-04. M&8 1116I4:
I2I4 Del. & B'd Br'k, Ist, 78.1905,F&A
Laston& Am. l8tM.,.5» 1920
19
ib7% ..iii
...^lElmir.&Wilm., Ist, 68.1910, J&J.
1 % Hunt. & Bi'd rop.Con. 5s.'95,A&0 ill" iiiii
Lehigh Nav. 4%9
68
100%
1914, Q—
18
2d 68,gold
110
1H97, J&D 109
ticneral mort. 4%s, g :9>J4 Q—
100
Lehigh Valley, 1st 68.. .1X98, J&D 110%
1010, M&8 132
i^
Consol. 6...
1923, J&D 112314
tl
"
1919, Var
58, r
1913, J&D
CoUat. Tr. 4% g
Pa. & N. Y. Canal, 78 .1906, J&D
1939, A&O
Consol. 58
Perkiomcn, 1st scr., 58.1918, Q-J
PnUa.& Erie gen. M. 5g.,1920, A&iO
1920, A&O
Gen. mort, 4 g
Phila & Read, new 4 g., 1958, J&J
Ist pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. Income, 5 g, 1958. Feb. 1
1893, A&O
2d, 78
1911, J&D
Consol. mort. 78
191 1, J&D
Consol. mort. 6 g
ImprovementM.6 g., 1897, A&O
M&N
1902,
3%
Hurtin .Mining
Quincy .Mining
Bonds.
C.,Con.6«.1920,A&O§
1920
70
29
6
"
"
Pulluiiiu Palace Car..
L.
1st, 6s
rights.
Penna. Consol.
. .
1»' S»' <;•,
,„, A'!"?!''^
Belvhicre^'i'y
16%,
Del., 1st, 68. .1902.
"
Kearsarge .Mining
Morris Canal guar. 4. (Phila.)
Preferred guar. 10
"
Osceola Mining
(Boston)
PewaOic .Mining
"
2114
Ask.
Bonds.-Philadelihia
"
••
&
Inc. 6s
Rutland,
Allegheny
City PadseugeiBR... (Ball.).
Bay State (iag
(Boston)
Boston Laud
"
niiuulfl steel
Ogden.
2d, 58
Wore'st.Nash.&Koch.
"
MISCELLAMIOCS.
Alloaez Mining
(Boston)
Atlantic Mtuluir
"
FrenchnruVUayL'nd
20%
5314 Jan. 17 92% Apr. 20
84% Mar. 11 96% June »
338 tl84 Jan. 29 220 Jan. 14
516 39i4Jan, s*! 46% Mar. 31
1,260 13i4Jan. 2 17 Jau. 14
22 246 Jau. 3 •z80 Mar. 31
June 2
4<ii4Jan. 27 58
726 42% June 27 49 Jan. 14
164 48% Jan. 3 50% Mar. 31
289 15 Mar. 30 24 Jan. 9
645 46 Mar. 25 48% Feb. 10
35 50 Jau. 3 53 May &
1,562 1178 June 23 19% Feb. 17
309 41 June 9 49 Jan. 31
71 x2478.Tune24 26 Jan. 5
3,531 18% June 9 24% Apr. 23
17.058
961
tEx
I
Wlhulugt'u<!t Wclilon
Wisconsin Central. (Boston).
Preferred
"
Centennial .Mining...
Fort Wayne Kl,-clrlc^
Franklin Mining
2II4
...
14% 14%
42%
42
,.,
,
"
Western ilaryland..
Wllin. Col. iV Augusta
43
25
2II4
Bid.
'
(Phila.).
43
25
'49%
'
••
West Jersey
West Jersey A At'an,
13% 14%
...
18% 18%
46% 46%
M&N
80%
24%
.(Boston).
Preferred
43
20% 2178
X Ex div
.
;
**
& Koanoke.
•49%
13% 13%
43% 44%
•48
A&O
(Ball.)
1st prefcrwjd
1
46% 46%
Det. Lan8.&Nor'nM.78.1907,J&J
Eastern 1st mort. 6 g., 1906, M&8
I ree.Elk. & M. V.,1 st, 6S.1933, A&O
67
Unslaniped Ist, 6s.
1933, A&O
liK.C.C.&8piins..l8t,5g.,l925,A&0
HK. C. F. 8. & M. con. 6s, 1928,
81
K.C. Mem. & Bir.,lst,58,1927, M&S
25% K.C. St. Jo. &C.B., 78.. 1907, J&J
L. Rock & Ft. 8., l8t, 7s.. 1905, J&J
Louis.,Ev.&St.L.,l8t,6g.l926,A&0
2m., 2—6 g
1936, A&O
Mar. H. & Out., 68
1925, A&O
Exten. 6s
1923, J&D
Mexican Central, 4 C...1911, J&J
1st consol .Incomes, 3 g, non-cuin.
69
2)1 consol. incomes, 3s, non-ciiiu.
N. Y. & N.Eug., 1st, 7s, 1905, J&J
let mort. 6?.
1905, J&J
30
2d mort. 6s
1902, F&A
15
2d mort.,8caled, 5S...1902, F&A
67
Preferred
Beaboard
19
46%
43
48
18
48
A&O
Kan. C"yFt.S.&Mcm. (Bo»(on).:
K.C'yl't.W.&Oulfpf.
K. City Mem. ABlrm.
Northern N. II
(Bostmi):
North Pennsylvania. (Phila.).
Oregon Short Line.. .f2<o«ton;.:
Parkersburg
(Ball.)
Pennsylvania <fe N.W. (P/ii/a.)
Baleigh ,]c UaetoQ
(Ball.)
Kutland
(Boston).
48
•18
15
260
•55% 57
43% 43%
43%
48%
4314
46I4
*50
....
15
'255
263
60
260
191
44% 45
4414
15
1896.J&D
Debenture 6s
Chic. Burl.& Quincy 48.. 1922,F&A
Iowa Division 4s
1919,
Chic.i W.Mich, gen. 5s, 1921, J&D
Consol. of Vermont, 58.1913, J&J
Current River, l.st, 5s. .1927,
170
76
MaryliKid Central
260
Bonds.— Boston.—
Delaware & Bound Br.(P/iaa.).]
Mine Hill .Si s. Haven
Kesouehoniug Val....
15
At.Top.&8.F.100-yr.4g.,1989, J&J
100-vear income 5 g., 1989.Sept.
Burl. &. Mo. Rivet Exempt 68, J&J
Non-exempt 68
1918, J&J
1910,J&J
Plain 48
Chic. Burl. & Nor. Ist 5,1926, A&O,
2d mort. 68
1918, J&D
30
:
Little Schuylkill
{.Phtla.).
Manchester •& I.aw.. {Boston).
4414
15
*
190
189
188
44% 44%
15
260
60
81% 83%
83% 88%
Inactive stocks.
Connecticut & Pass. (Ho»(o«).l
Connecticut Klver...
"
]
Har.I'ort»..Mt.Joy\L.
188
88
189
83
8214
82^8
Thom.Europ.E.WeldH (Boston) 100
"
100
Water Power
"
50
95% Westinghouse Elcc.TI
Prices of July 3.
Charl. Col.
87''8
I
MISCELL.\NEOUS.
Baltimore— City Hall 6s. 1900, Q—
Funding 6s
1900, Q— J'
West Maryl'd RR. 6a. .1902, J&J
1916, M&N
1916, M&N
1930. J&J
Chesapeake Gas, 6s
1900, J&D
Consol. Gaa, 6a
1910, J&D
5s
1939, J&J
Equitable Gas, 6s
1913, A&O
Virginia (State) 3s, new. 1932, J&J
Water Ss
Funding Ss
Exchange 3%e
102
104
109
97
102%
104%
110
97%
64%
104% 105%
6414'
Ex-rights,
I
1
July 4
18B1
THE OHROMOIJl
j
«EW YORK STOCK KXCHANttE PRICES
IC/oj'iHl
Range (tola)
1«(>1
3,
I
lUluiOAD ASD MISCKL. B0HD8.
BOSDS.'/rUfr'fli ,^f '««
Period.' July 3
Loattt,
AND SINOB JAX
^
,
3
\PerU>d.,Julji
UiglieHt.
Lowett.
Uigntei,
I
At.Top..ii;fi.l''.—
(Jiinriuilccil.
&
100 yr.,4K. 1»*' J
l
75
78
J*' Jj
70
A jil02i.jl)
M & s: i'0'8
Q-J ,113
CcntralcfN. J.— Cou».,7!i.lS'.)!)
CouHol.. -A
I.
M&
11I0-!
Oeucnil iiiortKaKC, 5 g.
Leli.& W. U, con. 78, m'd
.
,
.
*
May
St.
AC—
l07i4Feb.
100 I'eb.
118
Mar.
123 Mar.
(i5
88
84
a.
a.
87
h
June
llOiflApr.
95 lab. 95 Jan.
J • 86 a. 831a Jan.
J 121 b, 120 Jan.
J 108 b. 110 Jan.
J 11014b. 110 Jan.
J!103%b. 104 Jan.
9415! Apr.
j;
b. 101
Jan.
.1 100
AN
A
A
Mln. Dlv., 68. ...1910
l8t,Cli.&Pac W.Div., 5s. 1921
l8t. So.
1926
A
g..l921
A
Wis.
1914
A J' 100 b.
Terminal, 5 g
A J 32ij>a.
Gen. .M., 4 g., series A. .1989
MIlw.&North.— M.L.,68.1910 J A D'107 b,
1913 J A D *108 b.
l8t, con., 68
Chic. A N.W.—Consol., 78. 1915 Q-F 1133 b.
Coupon, i(old,78
1902 J A D'l21iiib.
Sinklnt! fund, 68
1929 A A O 110 b
1929 A A OIIO6 b
SinkiiiK fund, 58
SinkluK fund dcben., 58.1933
N IO3I9
Nll02i2a.
25-ycivr debenture, 5... .1909
Extension, 4s
1926 F A 4*94 b.
Chlc.Pco. A St. Louis— 5)5.1928 M A S 92isb.
CUic.R.l.APac— 6s,coup.l917 J A J 119 h
Extension »nd col. ,58... 1934 ,1 A J 95i«
noo b.
Chic. St. I,. A Pitt. -Con.,.5g. 1932 A A
Chic. St. P. M. AO.— BS....1930 J A D!115J2b.
Cleveland A Canton— 5g.. 1917 J A .T 90 a.
C. C. C. A I.— Consol., 7 k.1914 .1 A I) 129 a.
General consol., 6 i;
1934 .1 A .1 Ill b.
Col. Coal A Iron— 6g
1900 FA A* 103%b.
Col. Midland— Con., 4 g...l940 F A A
Col.H.Vul.&Tol.— Con.,5g.lU31 M A B 81
General, tig
1 904 J
A n 81 b.
Denver A RioG.- l8t,7 g.l900!M
MAN*
AN lliifib.
OS.
-
100
MA
MA
Mar.
831a June
I
.
1936'J A
)f
1071a Jan.
107
134
121
Jan.
June
June
UJ
July
105
103
Jan.
May
1021a June
94
94
119
Fell.
June
Jan.
Apr.
Jan.
88% Jan.
il55g Apr.
121 Jan.
10.1
Apr.
92>a Apr.
1251a Feb.
I1214 Apr.
1 14
Feb.
10738 May
98 Jan.
103 Jan.
t03ia Apr.
87 Feb.
112 Feb.
112 Apr.
139% Apr.
127% Feb.
115 Feb.
108 14 Fell.
109
Apr.
Jan.
109% June
137% Feb.
Juno 107'a Apr.
A 01 17 b.
Jan. 11 181a June
A D 97%
90 June 102'8 Apr.
N. Y. Ont. A W.— l8t, 6 g. .1914 M & H 11 Slab. 110
Mar. 115 Feb.
Consol. 1st, 5g
1939 J A D 91 b. 90 June 971a Apr,
N Y.sus.AW.— Ist ref.,5g. 1937 J A J 9Giab.' 94 Jin. 100i4Feb.
Mldlandof N.J.,Og....l910 A A O 113 b. lllia-May 1151a Feb.
Norf. A W.— 100-year, 5 g. 1900 J A J| OO"?
88 June '100 la Feb.
Nnrth.Pac.— Ist, coup., 6g. 1921 J A J 113iab. 113 Jin. 117% Apr.
General, 2d, coup.,
g..l933 A A O limb. 109 May 114i4Mar.
General, 3d, coup., 6 g. .19.17 J A D lOfligb. lOiiia July U3i4Feb.
Consol. mort., 5 g
1989 J A D' 78"s
77% June 857gjan.
North. Pac. A Mon.— 6 g. 1938 M A 8;103ieb.'l03
Apr. 109 Feb.
North. Pac. Ter. Co.— 6 g. 1933 J A J 105 b, 104 July 110 Mar.
Ohio A Miss.— Cons. 8.f.,78. 1898 J A J 107%b.
o May 112 Feb.
Consol., 78
1898 J &J*;ilOiab. 107 July 112 May
Ohio Southern— l8t.
g...l92l J A D'1103 a. 1021a June; 10 Mar.
General mort., 4 g
1921 M A N,*59 a. 55 J.n.
63 Feb.
Oui.ASt.L— lg.,exfd.cp 193 J A J 40 b, 50 Ju -e 58% Jan.
Oregon Imp. Co.— Ist, g. 1910 J A D 98 b. 90 Jan. 103% Feb.
6II4 July
Consol., a g
1939 A A 0| 6213
74 Feb.
Ore.R.ANav.Co.— I8t,6g.l909 J A J 105 b. 1061a July 110 Mav
ConsoL.Sg
1925 J AD 93iaa. 90 June 100% Mar.
Pa. Co.— liag., coupon
192 J A j1102% 1024 July 106 Jan.
Peo. Dec. A Evansv.- g. 1920 J A J *110 a. 100 Jin. 109% May
EvanavlUe Dlv, 6g....l920 M A 8*101 b. 95 Jin. 103 Feb.
2d mort., 5g
1926
AN '68 b. 66 Jan. 7479 Apr.
Peoria A East.- Cons., 48. 1940 A A o[
3 b. 73
June 80 Feb.
Income, 4s
April.
18 h 16 June 22 Jan.
1990
Phlla. A Read.— Gen., 4 g.l958 J A J 76%
82 Feb.
76 July
1st pret. income, 5 g
50 b. 471a .Mar. 58 Jan
1958 Feb.
2d pref. income, 5 g
34%b. 32 Mar. 38^8 Ma
1958 Feb.
3d pref. income, 5 g
2314 Mar.
1958 Feb.
30 Jan.
261a
Pittsburg A We.itern— 1 g 1917 J A J 761-j
81
Feb
751a Jan.
Rich A Danv.— Con.,6g..l915 J A J llOia
1091s July 1 18 Jan
Consol., 5 g
1936 A A O 80 b. 80 June 91%Jan
Ricb.AW.P.rer.-Trust,flg.l897 P A A 93 b. 93
3
May 100% Jan.
Con. 1st A eol. trust, 5 g.l914 MAS 631a
62 June 75 Feb.
Rio G. Western— 1st, 4 g..l939 J A J 7478
74 Jan.
77% Feb.
R. W. A Ogd.— Con., 5a.
114 Mar
1922 A A O 10,1a
105 Jan
St. Jo. A Gr. Island— g..l925 MAN
84
8218 Mar.
92% Jan.
St. L. Alt. AT. H. -1st, 78.1894 J A J* 10<»%b. 108
June' 110% Mar
2d pref., 7s
1894 F A A 05 lab. 1104 May 107 Jan.
St. L. A IronMt— l8t78...1892 F A A
03 b. 101
Feb. 105 Jau.
2d,7g
1897 MAN *105 b 0412 May 108% Apr.
Cairo Ark. A Te.vas, 7 g. 1897 J A D *104 a. 10334 Jau. 107i4May
Gen. R'y A land gr., 5g..l931 A A O 89 a. 31
May 9334 Jan.
St.L. ASau Fr.— 3 g.,Cl. A. 1900 MA N 107 lab. 109
Juue 112% Apr.
6 g., ClassB
1906 MA N 107iab. 1061a June 113% Apr.
6g.,Cl.a.S8C
1906 MAN 108 b. 107 Juue 14 Apr.
General mort., 6 g
1931
A J 101 b. IO314 Juue 110 Jan.
St. L. So. West.- Ist, 4s, g. 1989 MAN
6638
66 June 67% June
2d, 4s, g., imome
26 June 28% June
1989 J A J 26
8.P.M.AM.— Dak. Ex., 6 g. 1910 MA N 113iah. 14 May 118 Jan.
let consol., 6 g
1933 J A J *I14 b. 114 Mar. 117 Feb.
do
reduced to 4i9g...
A J 97%b. 100 Mar. 102% Feb.
Montana Extension, 4 g 1937
87% May
A D 84
80 Jan.
ISan A. A Aran. P.— 1st, 6 g. 1916
A J 60 b. 62 Jan. 74 Feb.
1st, 6g
A J 62 b. 62 Jan. 73% Feb.
1926
Shen. Val.-lst, 7g., tr. rec.l909
126% Jan. 133% Apr.
6II4 Jan.
Geu'l 6g., Tr. rec. ass't'd.l921
54 b 55 May
1935 A
1969 J
6g
g
I
!
I
[
Fill
June 100 la
Jan.
Jan.
July I2714 Fell.
99I3J1U1.
9514 Mar.
03 Ma\
Feb.
II314 June 119 Jaii.
861a Apr.
911a Miiv
129 Jan. 132 F,'!'..
114 June 121 Mar.
102 Jan. 106 Jan.
62 Apr.
71 Jai
79 June 86 Jan.
100
81
July
88
. . .
,
.
ifl
.
May
1
I
.
;
,
!
j
So.Car.— 1st, 6 g.,ex coup. 1920
Income, 63
1931
1909-10
1905-12
1st, consol., gold, 5 g
193*
So. Pacijc, N. M.— 6g
1911
Tenn.C. I. ARy.—Ten.D.,l8t,6g
Birm.Div.. 6g
1917
Tex. A Pac— 1st, 5 g
2000
2d, income. 5 g
2000
Tol. A. A. A N. M.— 6g... 1924
Tol.A. A. AGr.Tr.— 6g....l921
Tol. A Ohio Cent.— 5 g. ..
1935
Tol. Pco. A West.—4 g
1917
Tol. St. L. A Kan.
6 g.. 1916
Union I'acilic— 6g
1899
Siiikincrfund. 8s
1893
Collar, tru.it 41a
191%
KansasPacitic- Ist, 6g..l893
lst,6g
1896
Denver Div. -6 g
1899
l9toonsol.,6g
1919
Oregon Short Line— 6 g.. 1922
Or.S.L.AUt'hN.— Con.5g.l91S)
80. Pac, Ariz.— 6 g
So. Paclac, Cal.— 6 g
.
C—
.
'
MAN*
price bid; " a" price asked
;
the Range
is
U.P.Deu.AGulf con. 5g.l939
Union Elevated— 6 g......l937
Mid.—Geu. m.,5s, 1936
do
stamped guar.
Wabash— 1st, 5 g
1939
2d mortgage, 3 g
1939.
Dcbcut. M.. series B
1939
West Shore— Guar.. 4s
2361
West. N. Y. A Pa.— lat, 5g.l937
2dm(irt.,3g.,5se
1927
West. Un. Tel.— Col. tr.,53.1938
Wis. Cent. Co.— Ist, 5 g
1937
Income, 5 g
1937
Virginia
„
'
made up fro.n aotua
*
sivles only.
lOfi
a.
*20 b
A
J 101
A
J A
A A
1 A
J A
O 99
J
A A O 113
.A
J 100
J 88
D
.MAN
b
1
J
A
A
A
M A
F A
J A
.MA
M A
F A
A A
J A
MA
J
1
.VI
D
83
N!*71
A 108
d:107
Bid.
ECUEITIES.
Ask
A
O. 8. W., 1st. g., 4%s... 1090
1919
Mon. RIv., 1st g.. g. S't
Oeui'lOhlo Beor.— 1st, 4%<. 1930
Bom. H. Tun. A W.— Deb. 53. 1913
Brooklyn Elevated- 2d, 3-58. 1915
Butt. Roch. A Pitts.— Gen., 58. 1937
Bid.
*
N 1 10
N 106
A 10:ia
O 72 b.
D 71iab,
N 107^8
795ab.
8l%a.
97%
J
94'8
J
97 18
idi
lOi
114% Mar.
Mar. 11134 Feb.
74 Apr.
Feb.
Jan.
1071a May 1 1 1
108 Mar. 109»8 May
1091a May llli4Mar.
106 June 111% Apr
100 Mar. 106% Jan.
"lig June 80% Feb.
7113 June 82 Jan.
106 Jan. 1 1 1 Apr.
80 J una 89% Feb.
90 Feb.
83 Jan.
96I3 May 102 Feb.
70 Feb.
77% Jan.
27 May
35% Apr
99ifl July 103
Jan.
96^ Jan. 101 Feb.
35^8
Feb.
271a June
98 Jan. 100% Apr.
97
Jan.
90 JiUy
45 Jan.
3419 Jan.
2714b.
98
b.
89iab.
36
a.
I
3.
Bid.
A«k.
Rap.ANo.— (Contlu'dl —
Minn. A St. L.— lat, 7s, gu..l927 lOJ
Burl.
I
Ced.
Iowa
98% 03%
Feb.
Apr.
Jan.
Jan.
Jan.
09
SECURITIES.
1
35 14 Jau.
99%
93 Jan.
101 Jau. 108
1021a July 107%
7334 May
77
8OI3 June 91
Latent price this weak.
Ask.
93%
Apr.
Jau.
96% Jan.
90% Apr.
UHaMay
a
J
A
May
29i4Mar.
Mar.
101% Mar.
Jan.
30iab
73%b.
34 b.
J
J
114
104
94
92
Feb.
Apr.
J;109iab.
107
8 lOSMj
A N|
MAN
MAN
F
.W
Apr.
Jau.
851a Jan.
93
27
July 103% May
86
A jl'llOa.
A JllOO'ab.
A J 73iab.
107
Jan.
Jan.
l02i4Ja'j.
99
b
O *90 a 86
March.
J
103
13
101
IO913
STOCK EXCHANGE PRICES -(ContInned).—/Ar.4Cr/F£ BONDS-JULY
B.
price
15
132
.
105% Apr.
May loo
MAN
MAN
Alabama Mid.— 1st, g., 68 .. 1028
Atlantic A Dan. —Ist g., 6s. .1917
Atl. A Pa<^— 2d W. D., gu. 6s, 1907
Bait. A Ohio— Isi, 6s, Park B 1919 114
J
Feb.
Jan.
I
80
T *95
27
Rallro.td Bonds.
:
,
.1
(Slock Eschange Pricei.)
July
Jan.
July
1
M
M
•Ho
b.
b.
a.
1 1
MA
(told
Ill
123
108
133
103
115
MAS
A DlOSUb.
N. Y. U E. A W.— l8t,cou.,7g. 1920
Long Dock, 78
..1893 J
89
I
I
AO
ft",
89
J
J 125
A 108
135
.
M
.Pons, inort.,
0!
. .
95
MAS
M
MAS
SECURITIES.
A
A
A
,,
M
M AN
^EW YORK
IO314 Mar.
127i4Apr.
ItO Jin.
123 Mar.
OJisJan.
l?.|ii Jul}'
FA
2d consol,
.
HOTB— "b" indicates
_
Consol.,
Feb.
11438 June 1191a Fill
S3 Fell.
79 Jan.
Det B.CityA Ali)en*— 6g.I913 J A
91 Jan.
a.
961a Fell.
Det. Mac. A M.— L'dgrauts. 191 A A
32 14 Fell.
2912 Jan.
b.
Dnl. A Iron Raugo— 58
1937 A A 0' 98iiia. 95 Jan. 10016 Mnv
Dul. 80. Sh. A Atl.— 5 g. . . 1937 J A .1 94 b. 94 July
99 Feb.
E.Tenn.V AG.— Con., 5 g. 1956 .M A N 90
96 May 104 Jan.
Knoxville A Ohio, 6 g...l925 J <sc J 105 a. 103 14 Jan. 10918 Apr.
Ellz. Lex. ABigSaii.— 6 g.l902
A S| 88iaa. 88 Apr. 95 Jan.
Ft W. ADenv. City- 8g..l9il J A D 9913
981a June 105 Jau.
9:~
Gal.H.ASanAn.-W.DIv.lst.Sg.
9112 July
95 Apr.
Han. A St. Jos.- Cons., 68.1911
112 h. 1 10 Mar. 117 Jan.
Illinois Central— 4 g
1952 A A O 94 b 93% May
97 Mar.
Int. A Gt. No.— 1st, 6 g.... 1919
Jan.
A N 110
1091a July 115
Coupon, 6 g., trust rec..l909
60 b. 68 Mar. 76 Jan.
lowaCeutral— Ist, 5g
1938 J A D 81 b. 80% Deo.
87 May
Kentacky Central— 4 g
198 J A J 78 14
78 July
821a Jan.
Kings Co. Kl.— 1st, 5 g
1925 J A J 971a
971a Apr. IOOI2 Mav
Laclede Gai«— 1st, 5 g
1919 Q-F
7412
7 1 12 J uue 821a Jaii.
Lake Erie A West.— 5 g
1937
A J 105 li. 10514 July 10978 Jan.
L. Shore— Con. cp., Ist, 7s. 1900
A J I I7I2I). 120 la Jan. 12234 Jan.
Consol. coup., 2d, 78
1903 J A I> llsiab. 118 June 124 Jan.
Long Isl'd— Ist, coll., 5g.. 1931 Q-J
110% Jan. llSigMai-.
General mortgage, 4 g..l938 T A D*89 b. 88 June 921a Jan.
Lonis. A Nash.— Cons., 7s 1898 A A O limb. 110% Juno 11558 Mar.
W.O. A Mob. 1 8t, 6 g
1 93(1 J
A J 113'4b. 11338 July 118 Feb.
do.
2d. tig
1930 J A J 105 b. 106 Mar. 112 JuiiiE. H. A N. 1st, 6 g
loi'.i J A D 11114b. llll
june H3i4Apr.
General, 6 g
1930 J A D 112i4b.lll2i4 June 117 Mav
Collateral trust, 5 g
1931
A N 9912
98 June 1031a Feb.
Louis. N.A. ACIj.— I8t,6s.l910 J A J 103 b.lioi
Mar. Ill Jan.
Consol., 6 g
1916 A
Mar. 98 Apr.
9312a. 84
I/OUis. St. L. ATexaa—6 g. 1917 F A A 80
88 Jan.
„„ a. 78 Jan.
Metro. Elevated— l8t, 6 g. 1908! J A J 112 „. Ill's Jan. 1151a Junr
2d.68
1899
N 10,3% 103 June 108 Apr.
Mich. Cent.— Ist, con., 78.. 1902 M A N 119
118 June 1211a Apr.
Cojisol, 58
1902
A N lOliab. 107 Mar. 108 Feb.
Mll.LakoSh.AW.— Ist,6g.l921
A N 120 a. 117 June 127 Apr.
1929 F A A 99 a. 98 Jan. 101^8 Jan.
w*'5**?-.,S*= I'"P' * K
„?-.*^-~'" *»'B
199UJ A D 75>a
74% Jan. 79% Feb.
2d 48,g
1990F A A 38%
441a Jan.
361a Jan.
Mo. Pacific— l8t, con., 6 g 1920 "" " ' 106 b. 103
May Ill Mar.
igue
Apr.
116
105 b. 112 May
I.0.78
Pac. of Mo.-lst, ex., 4 g. 1938 F A A*94iab. 91 June 100 Jan.
2dmort.,78
iggi J A J* 10338b. 991a Jan. 103% June
Mobile A Uhio-Ncw, 6 g. .1927 J A D 112 b. 112 Jan. II713 Apr.
General mortgage, l8...193'i M A S 63 b. __
70 Feb.
Jan.
Mutual UulUtt Tel.— 6 g.
igu
10Ji4b.:iOO May 10318 Feb.
Nash. Ch. A St.L.-lst, 78. 1913 J A J 124 b.'l21 July 1271-2 Juno
CoP-5 g
1928 A A O 103i2b.il03 June 107i3Mav
Ist consol., 4
100% May
h
b.
1
71 ig
Jan.
73
641a July
104
106
Jan. 114
117%!). 118
July 123
98 b. 97i« June 1021a
67
08
A O120
A
A
A
1
& Mo. Riv. Dlv.,
& Minn. Dlv., 5
75 Jan.
1121a June
.T
83% JiUy
MANb'UQiali. 10858
June
E. 111.— I8t,s.t.,6s.l907 J
1934
ConsoL.OK
General consol. lat, 5s..l937
St,
5
Chlo. QasL.
«. 1937
Chic. Mil. & St. P.— Con. 73. 1905
68.1909
l8t. Southwest Dlv.,
Chic.
120
107
Apr.
July
Jan.
Jan.
!
Jan. 111^8 -Mav
10838 June 113 Jan.
98 %a 9513 Mar. 99 Mav
jllOaiia. 1051)! July lOSHi Jaii.
IO914 July 112% Mar.
J 1091.1
Mar.
O llOHi lIOis July 117%
94111 May 100 la Feb.
Nj 95>3
&
&
&
& J
& J
&A
& J
MAN
& A
Central PaeiHc-Oold.Gs.. 1898 J
|?..I.U1 A
cues. & OUlo— Mort,
19391M:
l8tconsol.,5«
B.&A. Dlv., l8t con.. iK. 1989 J
1st cou.,'2-4g. 1989 J
do
do 2dcon., 4g...l089 J
1911 F
Ch68. O. & So. W.—U K
Chic, Burl. & Q.— Cou.,78.l90a J
1913
Debenture, 58
1922 F
Denver Division, 48
19Vi7
Extonsion,
4s.
Nebraska
Chic.
July
NilOI
A J'123'ab.
loa
MAS
1041a Juno
AN
llSiaMay
1
MAN
J &
&
Am.
Ni
J,107i4
1 UOO
Q-.M 108«j
1912
mortifiiifc, 5s
Dock
Iiui) ,5»....I'.)'il
do.
&
litST, J
.
691,
108^9
IO213
951^
115
M A
N.Y. Cenlral— Extend., S8. 1893
1903 J
Ist, coupon, 78.
1901
Doben.,.'is, ciiiip., I8S I
1900 M
N. Y. A Harlem— 78, rcg.
1937IA
iN. Y. (;hlc. ASI.L.— Ig.
1906J
N. Y. Elevalfid- Ts
"
jN. Y. Lick. A W.— l8t,08..192i;j
1923
Const ruclloii, 5s
801a Apr.
53 Jan.
14 Jan.
10^ June
a.
Jlrookriilil«vafitl8t,0,B.ltf24
l8t Kuar., 5» I'JOH J
Ciiu. Oouth.
Utlil
2d, 5s
—
Mar.
Mar.
38%
47''8
12
Hl.l.
K
Jj
Sept.
IV>8«
100-yi' 111' 111 conic, ft K
Atl. A l':ic.— W.I), luc, 08. Ittll'
lt»l.
I,
Range (tUet) in 1R91
(Oi«»'rt»
hiler'it\ I'rice
I
I
XAILBOAD AHD MI8GEL.
D0SD3 JULY
(ConUnuai).- AOTIVS
iii
17
C.
A West.— 1st, 7«....1909
1. F. A N., Ist, 63.1920
Ced. Bap.
1st, 53
lOi
1921 "io" 00
C.Ohio— Jol. ACIn.M.l8t,4%9.l030
(
92
1921 118%
Jont. RR. A Bank.— Col. g.5-i.l037
Roch. A Pitts.— Ut, 0»
Con.solidat'd Ist, 6s. 1922 111% 115
Chat.RomeACol.— (Ud.g.Ss. 1937,
117
do
19^5 103
80
81
Sav.A West.— l8t eon. gtd.5s.l9i9
Burl Ced. Rap. ANo.— lst,58, 1906
93%
goli. 5b
1988
i07% Consol. Acollat. trust, 6s... 1934
85 l\Oaou of N. J.— Couv. d«b., 68. 19081 110
Friday; these are the atest quotation male tuisweek
*
85
96
'
'
THE CHRONIOLE.
18
[Vol. LIII.
BONDS-rGontinuedJ-JULV
NEW YORK STOCK EXCHANGE PRIC^S.-INACTIVE
Bid.
BECUBIXrEB.
0«ntr»l PactUc— Gold bds, Cs, 1895
1896
Gold bonds, 6»
1897
Gold bonds, 68
1900
Ban Joaquin Br., 6s
1939
Mort. gold.53
1900
Land grant. .'5s. g
West. Paciflc— Bond!!, 68. . . .1899
Ho. Eallway (Cal.)-lst, 68.1907
1938
SO.rear Ss
Ohea. i O.-Pur. M. fund, 63.1898
105
106i«
107>»
105
1931
West. Div., 2d 6s.....
Ga. 80. A Fla.-lst, g. 63.... ..192/
.1924
-Gen.
5s.
AInd.
Grand Rap.
Green B. W. ASt. P.-lst 68..19U
2d income, all subs, paid
Housatonic— Cons, gold 5s.... 193/
N. Haven ADerby, Con8.59..1918
Waco & K. 78..190i>
H0U8. AT.
99
C—
g. 4s. (int. gtd)
Gen.
Debent. 6s, prin. A int. gtd.1897
Debent. 4a, prin. A int. gtd.1897
Illinois Central— 1st, g., 48 ... 1951
1951
1st, gold, 312S
Springf. Div.— Coup., 68. ...1898
1921
58
Bflddle Div.-Reg.,
,
HiS8.B. Bridge— Ist, s. f., 68.1912
owe. Buri. & Nor.-Deb. 68. ..1896
101 14
102
88>«
1919
80ifl
1921
Plain. 4s
95'8
Ohio. & Indiana Coal— Ist 5s. 1936
118
119
ah(. Mil. & St.P.— lst,88,P.D.1898
1898 113 115
2d, 73-lOs, P. D
1902 II9I2 121
l8t,78, $g.,R.D
107ifi
l8t, I,a Crosse Division, 78.1893 107
M.,
1897
l«t,I. &
78
1899
l8t,I. & D., 78
1903 118 122
l8t,C. AM., 7s
Ist, I. it D. Extension, 78.
1908 120
Ist, La C. & Dav., 58
1919 99 1«
1st, H. & D., 7s
1910 116 117
Ist, H. A D.,.'is
1910
Chicago A Paclflo Div., 68. .1910 •lllia 114
Mineral Point Div. 5s
1910
97
C. A L. Sup. Div., 5s
1921
113
Fargo A .South., 6s, AS8U...1924
Inc. couv. sink, fund, 58
1916
Dakota A Gt. South., 58.. ..1916 94I3 95
OMp.AN.W.— 30 year deb. 58, 1921
Escanaba A L. 8. let, 6s
1901 106
DesM. A Minn.— Ist, 78.... 1907 121
Iowa .Midland— 1st, 8e
1900 123
Peninsula— Ist, conv., 7s...l898 115
Chic. A Milwaukee— Ist, 78.1898 110
Win. A St. P.— 2d, 78
1907
Mil. A Mad.— let, 68
1905 111
Ott. C. F. A 8t P.— Ist, 58. .1909
Northern 111.— 1st, 58
1910
aR.l.AP.— D.M.AF.D..18MS.1905 65
1st, 2ia9
1905
Extension, 48
1905
Keokuk A Des M.— Ist, 58.. 1923
Ohic. St. P A Kan. City— 58.. 1936
Minn. A N. W.— Ist, g., 58.. 1934
Ohic.St.P.A Minn.— Ist, 68. ..1918 118 119
St. Paul AS.
Ist, 68
1919 118»fl 1191a
Chic. A W. Ind.— Ist, s. f., 63.1919
General mortgage, 68
1932
115
Oin Ham. A D.— Con. s. f., 8.1905
2d, gold, 4i«8
1937
& Q.—5s,
f.
s.
Iowa Div.— Sink, fund,
1901
.
C. St. L. A N. O.-Ten.
Ist, consol., 78
2d, 6s
58.. 1919
Sinking fund, 48
A Chic—l8t,g.,48.1936
Consol 6s
1920
Ota. Jack. A Mac— 1st, g., 5s. 1936
Clev. Ak. A Col.-Eq. A 2d 68.1930
O.C.C. A St. L., Cairo dlv.-48, 1939
Otn.
L.
I. St.
,
8t.Ix)u.Dlv— I9tcol.t*'t48,g.l940
Spring.ACoI.Uiv.-l8t,g.48. 1940
WhiteW. Val.Div.— Ist.g. 48. 1940
Cin.San.AOI Con. Ut,g.5s, 1928
65
95
83
an. A Ind.— Ist,
7s,s.f.l899
Consol. sink, fund, 78...
1914
ClCTc. A Mah. v.— Gold, .58... 1938
Colorado Midland- Ist,
2d, Bs
Del. Lack.
llli«
1916
1926
1907 133
Bing;^A N. Y.-lst, 78.1906
Morris A Esaex— Ist, 7s. ...1914
2^.78...
1891
Bonds, 7s
1900
7b of 1871
1901
?""•• '^''
1915
«.,'^',?''BDel. A Hud. Can.— let, ex. 78.1891
gjria.
8OI4
137
1912
2d, 7s
1912 130 135
3d, 7a
Clev. & P.— Cons., s. fd., 7s. 1900 -1171s II914
6s.l892 100
4tb,sink.fund,
St, L.V. AT. H.—1st, 6s., 78.1897 1081s
1898 105 ifl
2d, 7s
1898 107=8
2d, guar., 7s
OS's
1897 108
1907
1951
1951
Peo.AE.-Ind.B.AW.-lst,pf.78.1900
Ohio Ind.AW.— Iatpref.5s..l938
Peoria A Pek. Union- 1st, 6s .1921
1921
9213
2d mortg., 4ia8
Phila. A Read.— 3d pref. convert
Pitts.C.CASt.L.- Con.g.4i8SA1940
72
Car. A We8t,-l8t 68. g. 1916
1898
Ix)ng Island— 1st, 78
]
85"
74
103i« 104
nils 114
103
lOOij
99
1927
20
2dmortg., inc
SmithtownAPt. Jeff.—l8t,78 1901
Louis.Evans.A8t. L.— Con.58.1939
Ix)uis. ANash.— Cecil. Br, 78.1907
1920 104
Pensacola Division, 68
1 921
St. Louis Division, 1 st, 6s.
35
85'
AN.
Unified, gold, 49
Pens.
A
65
1910 101
1924
1937
1940
Ala.
1040, gold, 68
50vear5s, g.,
At.-
Nash. Flor.
Ist, 6s,
1st
A S.
gold. 1921
gu. 58.,1937
ATex.— Ist,
102
80
101
. .
97
86
1934
1990
Memphis A Charl.—6s, gold.. 1924 98I3 102
Ist con. Tenn lien, 78
1W15
92\ Mexican National— Ist, g., 88.1927
2d, income, 6s, "A"
1917
2d, income, 6s, "B"
1917
Michigau Central— 68
1909 •115
Coupon, 59
1931 110
88
Mortgage 48
1940
48.
...1934
2d mort., 5s
Manhattan Ry.— Cons. 48
ASag.—68
126ifl
134
103
1891
Ashland Division— Ist, 6s .1925
Incomes
107»« Mlnn.A St. L.— 1st, g. 78
1927 103
Iowa Ext-nsion, 1st, 78
1909 95
2d mortg., 78
1891
Southwest Ext.— Ist, 78
1910
Pacific Ext.— let, 6s
1921
89
Impr. A equipment, 63
1922
Minn. A Pac.— Ist mortg., 58.1936
130
137% Mimi.S.Ste.M.AAtl.— lst.58.1926
.
Mo.K. AT.— K.C. AP.,
130
lom
1st, 4s, g.l
990
48
95
92
74
Dal. A Waco— l8t,59,gu....l940
Missoui* Pacific- Trust 5s. ..1917
134
l8t coll 58, g
1920
St.L.AI. M.-Ark.Br.,lst,7s.l895
,
. .
'
.
94
80
. . . .
!
!
•
»o
!
price Friday; these are the
lateat
quoUtloM made
this ireek.
St. L.
100
100 la
A Omaha— 1st, 5s.. 1927
A T.H—2d m.inc,78.l894
A.
105
55
1894
A So. 111.— 1st,
A Car.— 1 st, 6s
88...1896
i09"
ii6%
1923
Chl.St.L.APad.— Ist,gd.g.58l917
48.1931
80.—
lat,
gd.
g.
Louis
St.
2dincome,5s.l931
do
102
84
77
Car.
St. Lou AS.Fran.— Equip., 7s,1895 100
1931
90
General 5s
1987
Ist, trust, gold, 58
..1916
6s,
1st,
g.
Kan. City A S.—
92" 100
AShawt.— Istg.
4s. ...1932
AV.B.Bg.— lst,68...1910
Paul A Duluth— let, 5e.... 1931
1917
2d mortgage 5s
St, Paul Minn A M.— 1st, 7s. .1909
1909
2d mort,, 6s
Minneap. Union— let, 6s. .1922
Mont. Cen.— 1st, guar., 6s.. 1937
East. Minn., Ist div. Ist 58.1908
San Fran. A N. P.-lst, g., 5s.l919
1931
South Carolina-2d, 6s
'So. Pac. Coast— 1st, guar., 48. 1937
..1909
Texas Central— Ist, 8. f., 7s.
1911
Istmortgage, 78
Texas A New Orleans— l8t,78. 1905
1912
Sabine Division, Ist, 6s
Tex. A Pac., E. Div.— Ist, 68.1905
Third Avenue (N.Y).— 1st 5s, 1937
1917
Tol. A. A. A Cad.—68
1919
Tol. A. A. A Mt. PI.— 6s
1940
Tol. A A. AN. M.— 5s, g
1896
Union Pacific— Ist, 6s
1897
1st, 6s
1898
1st, 68
1908
Collateral Trust, 6s
1907
Collateral Trust, Ss
1895
C. Br. U. P.— F. c, 78
105
ids"
114
109
iis'"
90
"9i"'
1021a
104
111
il2i^
83
85
106
,
IO714
IO8I4
80
101
'W
Atch. Col. A Pac— let, 68.. .1905
AtcU. J. Co. A W.— Ist, 68. 1905
U.F.Lin. ACol.-lst.g., 5.8. 1918
Oreg.8.L.AU.N.,col.trst.,5s.l919
73
1 908 ioo"
U tab A North.— 1 st, 7s
1926
Gold, 58
99
Utah Southern— Gen., 78 ..1909
1909 100
Exten., Ist, 78
Valley R'y Co. of O.— Con. 68.1921
Wabash— Deb. M., series "A". 1939
1 895
110
No. Missouri— 1 st, 78
8t.L.K.C.AN.— R.E. ARR.7S. 1895 ibe" 110
St. Charles Br'ge— l8t,6s. . .1908
West. Va. C. A Pitts.— 1st, 6s. 1911
Wheel.AL.E.— Ist.
Ss, gold...
A Imp,
g.,
as
1926
1930
106
93%
94
821a Amer. Cot. Oil Deb., g., 88.. .1900
10818 Amer. Water Works— 1st 6s.. 1907 105
1907
Ist cons. 5s, g
971s
Cahaba Coal Mlu.— 1st g. 7s.. 1907 "103 112"
107
ChicJun.AS.Yds.- Col.t.g,58,1915
1919 'loi'
Colorado Fuel— Gen. 68
981s Col. A Hock. Coal AI.—68,g.. 1917
Consol'u Coal—Convert. 6s... 1897
"OSH Cons Gas Co., Chic-let gu.5s.l936
Denv. C.Wat.Wks.- Gen.g. 58.1910
107
DetUn.DepotAStn— 1st g. 4s.l938
108
'
J
95
miscellaueouB Bonds.
I
.
112
C.
Extension
.
. .
67
. .
Minn.St.P.A8.S.M-lstc.K.4s.l938
1211* 124
Kan.
. .
Lou.N.Alb.ACh.— Gen.m.g.5e.l940
Lou. N. O.
Rio Gr. Junct.,l8t,guar.,g.,5s.l938
Rome Wat. A Og.— 1st M., 78.1891
1925
A Gr. Is.—2d Ino
St. Jos.
Ft. S.
Decatur-] st, 78.. 1900
S. f.,6s.— 8.
A
St.
. .
1980
60
1916
2d income, 6s
Rich. A Dan v.—Debenture 68.1927
1909
Equip. M. s. f., g., 58
Atl. A Char.— 1st, pref., 7s.. 1897
1900
Income, 68
do.
Bellev.
Bellev.
N. Y. AR'wayB.-l8t,g.58.1927
A
A
A
Dividend bonds
115
2d, 3s
A
I27I2
114
Nashv.
Tol.— let, 6s... 1922
Pitts. Cleve.
Pitts.
L. Er.— 2d g. 58, "A". 1928
1932
Y.— 1st 6s
Pitts. Mc. K.
P.— let, 5s. ..1916
Pitts. Palnsv.
Ariz. Cent. 1st, 68,g.l916
Presc't
114% 116
,ltchf.
1151a
110i«
A
115
95
100
78
C—let, 7s... 1912
Pitts. Ft.
100 Is
1121s
W. A
100
87
26
60
64
80
67 14 76
95 100
LehlghV.,N. Y.-lst gu.g.4i28.1940
1894 lOSHi 109
1917
«—
Oreg. Ry A Nav.— Col.tr. g..58.1919
Penn.RR.-P.C.AS.L.-l8t,c.,7s.l900
*95
105%
114
88I4
110
99
78
103
Mobile A Ohio— 1st ext., 68.. .1927 1081a
Albany A Susq.— Ist, gu.,78.1906 127
St. L. A Cairo—4s, guar
1931
1271a
l«t,cons., guar., 68
1906 118 121
Morgan's La. A T.— 1st, 68.
1920
Bens. A 8ar.— Ist, coup., 78.1921
l8t,7s
.
1441s
1918 116
Denver City Cable- 1st, O8...1908 95
99%l Nash. Chat. A St. L.— 2d, 68 1901
Imp., g., 5s. .1928
2*5,^- * ?•
78 |New Orleans A Gulf— 1st, 68 .1926
E. Tenii. Va. A Ga.-lst, 78... 1900
N. O. A. No. E.-Pr. 1., g., 68.. 1915
111>S 112
Divisional Ss
1 930 102
N. Y. Cent.-Deb. g. 48.
>t 106
1905
98
l8t ext..gold, 58
1937
N. J. June— Guar, let, 4s. ..1986
85
Beech Creek— 1st, gold, 48. .1936
85
Mobile A Birm.- Ist, g., 58.. 1937
* H -!«• re?- 48.1903
Alabama Central— Ist 68.. .1918
SN. XY. ?-J?A Northern— 1st, g.. 58.1927 105
Erie— 1st. ixtended, 78
1897 112% 115
2d, 48
1927 50
2d, extended, 58
i9i<( 11218 IIH
N. Y. Susq. A West.— 2d, 4138.1937
71
8d,extended,4>s»....
1923 106 «» 1071s
Gen.
mort,
58,
g
1940
4th, extended, Ss
1920 110 115
NoMh'n Paciflc—Dlvid'd scrip ext '100
otfa, extended, 4s
1928 100 101
James River Val.— let. S8...1936 '101
let, cons., fd. oonp., 78..!!
1920
Spokane A Pal.— 1st, 6s
1321a
1936
1908 ids' 107
^r«:i If 'I*". 6«- •
St.Paiil A N. P.-Gen., 6s. .1923
IS?*E.-l8t,7»
1916 125
HelenaARedM'n- lst,g.,6s 1937
*j
^* ^•—Col. tr.,6s.]92a
S;
'i
DulutbAManitoba— Ist,g.68l936
Funded
conn., 58. ..
19«q
DuLAMaii Dak.Div.-l«t6s.l937
80
^•Ir.come.e*..
I977'
Cceur
d'Alene— Ist, 68, gold. 1916
Buff. A 8. W.-Mortg. 6i!!!!l908
Gen. Ist, g., 6s
1938
JefferBon-lst. gu. g. 5»
1909
88
Cent.Washington-lst.g.,
68.1938
Chicago A Erie, l8t,g.,4-58.1962
,SH
Chic.ANor.Pac.-lstg. 58.1940
79%
income, ."is
1009' •M
Seattle l,.8.AEaet,—l8t,6s,g. 1911
95
N.Y.Ljaw.CoalARR.::<i,.{fl22l
Norfolk A Weat.-Generai, 68.1931 116
Evans A T.H._i,t,con8.,68..192l'
New River, Ist, 6s...
llB's
1932
Mt, \emon— Ist 6s ...
1923 109
Imp.AExt.,68
'1934
8ul (>. Branch-lst, g., 58!l93b
'"
»4
Ad1u.9tmcnt M.,78.
1924
Evans. A Indian.— l»t, cons 1926
Equipment, 5s
1908
nint A P. Marq.-Mort., 68 1920 118 110
Clinch
Val.
let
1957
5s
Ist con. gold, 58
93
1939
100
Scioto Val. A N. E.-lst,4a;.1990
73O8
Port Huron— Ist. .'is .!!! ! ! 193c
9714 Ogd. A Lake Ch.— Ist con. 68.. 1920
"8
Pa. Div., coup., 7s
^"P"".
100
S2
92
.
Jack. Lan.
AW.—Convert. 7s,1892
Mortgage 78
71
100
Mil. L. 8. AW.— Conv. deb., 58. 1907
Mich. Div., Ist, 68
1924
68.1936
g.,
Columbia A Green.— let, 6s.
69
Ask.
Bid.
& Miss— 2d
consoL 78... 1911
1905
Spring. Di v.— l8t 78
1932
General 58
1936
Ohio River BR.— 1st, 58
OhioBiv.-Gen; mort., g., 53.1937
7s. 1897
Meiup Div.. Istg. 48
Dub. AS. C— 2d Div., 7s... 1894
Ced. Falls A Minn.— Ist, 78. .1907
Ind. D. A Spr.- 1st 7a, ex. cp.l906
1 947
Ind. Dec. A West.—M. 58
1948
2d M., Inc. 58, tr.-st rec
Inter. A Gt. Nor.— Coup. 6s. .1909
1990
4s.
Kanawha A Mioh.-Mort.
Kan. C.Wyan.AN.W.-l8t,58.1938
L. Sh. A M. So.-C. P.AA.—78.1892
Buff. A Er.—New bonds, 78.1898
1906
Dct. M. AT.-lst,7s
Lake Shore— Div. bonds, 78. 1899
Mahon'g Coal RR. -1st, 58.1934
Kal. AH. A G. B.-l st gu. 5s.l938
—
Ol.Col.
1.,
Gold. 58, coupon
. .
C—
1937
1912
1921
Istg., 58 (int. gtd).
g. 6s (int. gtd)
Cons.
SECURITIES.
Ask.
Ohio
1918
(fla. Cen. APen.-lst g. 5s....
Ft. Worth A R. G.-lst g., 5S..1928
68.1910
Ant.-lst,
San
'ia,\. Bar. A
Gal. H. AS. A.-2d mort., 78.. 1905
99
107 109
1908 112 117
(to, gold, series A
OtaM. 6. & So. West.— 2d, 68.. 1911
1 893 102
Ohtcaco A Alton— 1 st, 7e
1903 llOM
SInflng fund, 6«
Louis. A Mo. Rlver-lst, 78.1900 117
1900 119U
2d, 7s
8t L. Jacks. & Chic— l8t,78.1894 105 1«
1894 105 >a
l8t. guar. (.564) 7s
Ohic. Buriing.
Bid.
SECURITIES.
Ask
"so"
82
Edison Elec 111. Co.— let, 58.1910
Equitable G. A F.— let 63
1905
Henderson Bridge Istg. 68.1931
Nation'l Starch Mfg.— 1st, 69,1920
N.Y. A Perry C A I.— 1st, g. 68,1920
People's
100
1061a
1031a
110>s
103
102 >4
80
98
98^
100
—
Northwestern Telegraph— 7 0, 1904
"98"
104.
9119
Gas A Coke J lstg.68,1904
Co., Chicago
J 2d g. 63,1904
Peoria Water Co.— 6s, g
1919 100
Pleas. Valley Coal— let g. 68. 1920
Proctor A G.amble— 1st, g., 6s 1 940 'ioi'
West. Union Tel.— 7s... 1875-1900 106
98
ido"
.
Unlisted Bonds.
Ala.AVicks.-Couaol.5g.,1921.AAO
2d M., income till '94, 1921.. AAO
90
70
Vlcks. A Merid.,l9t 6s, 1921. AAO
96
Atlanta A Charl.— Ist 7s. 1 907. J AJ 118
ComstockTun.— Inc.4s, 1919.MAS 28
Georgia
Pac— Ist
68, 1922.
.
.
.
i'ii"
95
80
100
1211a
33
JAJ 103
103%
64
641a
18
Consol. 5 g, 1923
AAO
Income 58 ...
Little B. A Mem.- l8t5g,1937.MA8
Mcin.ACharl.-Con8.7g..l915.JAJ
16
69
I
.. .
July
4. 1891.
.. .
.
.
.
1
.
1
THE CHKOWICLK.
|
19
Latest Earnings Rtporled.
Inucstmcnt
Week or Mo
ftOAoa.
Hailuoad intcUigettcc.
Ueorsia RK
April. ..
Geo. 8u. AFIa.. May ...
Georgnl'ii A W'l Mareli
Gr. Rap. Alud.. 3d wk June
Cln.R.AFt. W 3d wk liiiie
.
The Invkstors' ScpPLEME>n', a pumpMet of 150 pages,
e)ntaiiis e-xtciuled tables of the Stocks and Bonds of Railroads, awl other Jompanies, with remarks and statistics concerning the income, flnnncial status, etc., of each Company.
It is published on the last Saturday of every jther month
viz., January, March, May, July, September and Noveynber,
and is furnished without extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chronicle at 50 cents each, and to others it
$1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are published on the third
Saturday of each month.
—
Other lines.
Total
all
3d wk June
3d wk June
.
lines
Grand Trunk. .. WkJuue20
Ohio AGr.Tr. WkJuue-20
Oet.Gr.II AM WkJune'20
Great Nortli'n
Roads.
Weekorifol
1891.
liut.Oec.AQnin
AGt.North'n
Iowa Central...
Iron Railway...
Jaok'v.Sinith't'ii
KanawhaAMicb
Kan.C. CI.ASp
197,395
586,092
40.158
I
.
Atlanta
A
February
.1
May
I
'28.924
I
B.AO.Kast Lines May
Western Lines May
May
Total
41,077
153,083
4,756
14,294
2.314
2,778
53,338
61,802
54.672
43,453
372,000
9,392
3.834
626.023
Atlantic. May.
Bir.SU.&Tenn.R April.
Bi8hop8\ill(*
>rarch
Blackv. Als.&N. March
3d wk June
Bur. C.Rnp. &N. IstwkJ'ue
Oanulen A Ati. May.
Boff.RocL.vVl'ilt
Canada Atlaiitir
.May.
Canadian PacirK' 3d wk June
Cp.F'rAYad.Val 3d wk June
Ci.r.('iim.(iACh. March..
Cen.RK.4 Bk.Co April..
—
.
May
Centralof N. J..
Central Pacific.. April..
Central of 8. C. March.
CUar.Cin.&Chlo .March.
Cliarlest'uASav May.
Char. Sum. & No. March
.
.
Ohlc.Mil.A8t. P. ItnwkJ'nc
AN'tUwn. May
Chic.Peo.ASt.L. February.
Rock LAP. June
Ohle.St.P.AK.O. 3d wk June
Chic.SLP.M.AO. May.
Ohlc. A W.Mich. 3d wk June
Cin. Day.AIron. April
Ctn. Ga. A Ports. May.
Cln.Jack AMac. 3d wk June
Cln.N. O. AT. P. 3d wk June
Chic.
84,378
578.612
31,923
48,067
5.620
11.704
67.898
29,343
17,179
8,398
7,225
130,015
May
May
3dwkJune
,
A Oanton..!..,....
.Viiril
Ol.Cln.Ch.AKL ladwk'juue
Peo.
A
SdwkJuue
""
Ka.-.t'n.
Clev. A.Marietta .May.
Color. Mlillaiid
3d wk June
Co'. H. V. ATol.
Col.ShiwiicoAII
Colusa & Lake.
Covin. & Maciiii.
May
May
May
-ipril
Denv. A Kill Gr IthwkJ'nc
Des Moin. A No. May...
Daluth8.8.AAtl ItliwkApr.
East Louisiana February.
E.Teun.Va.AGa .March
Knoxv. AOhio .March
Eransv.
A
ntohburg
T.
.May
I
April.'
April
iruwkj'ne
H.,4thwkJ'ne
April
FUnt. A P. Maro. l3d wk June
Florence
I.March.
Flor.Cent.AP. 3dwkJune
I^LW. A Rio Gr.' May
Qa. Car'la
A No. March
'
28.213
. .
[
327,167
42,441
189,523
,128, M53
9,606,18!)
,018,791
1
694,427
23,492
56,391
6,885
15,515
1 ,477
2,.50O
46,3181
50,013
62,185
49.142
328,000
10,0(9
2,346
552,.502
73,388
514,857
29.384
42,108
3,661
15,034
79,011
32.156
16.408
7,820
6,718
142,113
1 1,297
,248,895
,401,053
227,370
.sijsloes
273,341
11.341
,923,954
,254.825
,794,084
31,059
40,474
369,870
30,605
39,564
41,H94
9,235
,784,242
902,958
13,192
,045,264
685,645
32,720
64,603
4,512
10,036
916,152
1,247,599
230,420
6,968,173
241,601
7,349
2,781,162
4,865,814
4,144,213
37.170
32.787
328.060
15,744
43,394
34,794
7,838
3,422,471
778,460
12,787
.160,388 14,196.411
646,142
810,411
],39(i,0«l
93<>,!I7.5
,307,804 11,614,408
,784.761 10,029,292
99,632
,518,965
902,981
,642,655
740,463
62,117
7,987,341
1,958,710
2,522,430
698,213
24,060
330,569
22,424
289,008
,919,803
1,995,675
881,481
587,281
852,300
509,399
276,561
263,040
301,552
253,602
,821,183
8,269
4,019,591
7.773
219,745
416,151
176,421
685,427
143,507
937,248
229,195
377,572
147,241
3,942,987
680,429
114,322
866,370
,096,.397
1,065,058
187,314
98,317
8,146
205.500
11.447
17,603
12,778
22,192
59.728
6,466
46'„546
,817,191
3,8.59,741
45,077
79,920
228,451
526,808
186,496
17,100
30,612
86,758
262,710
523,883
497,631
334,4.59
,670,177
1,661,586
119,639
2,912,230
184.281
1,993
10,253
1,948
45,252
5.660
20,496
14.591
12.021
,197,200
18,,399,668
,326,0.53
1,735
638.053;
734,006
3,479,168
17,016,813
320,004
43,662
187,471
7,383,991
2,320,105
39.078
50,352
16,383
41.935
233,730
25,468
29,627
40,20^
258,902
24,418
22,322
38,035
6.600
524,013
63,272
497.661
52,763
55,331
7,100
27,200
769,369
3,,625,542
153.825'
6.693
1,728
16,971
10,334
D6t.BayC.AAlp 3d wk June
Det,Lan8'KAN(i 3d wk June
.
154.008;
7,186,
57,300
20,461
54.506
236.078
26.372
28,218
38,764
229,481
43,702
220.200
11.844
Des.M. AN'wcst .May
Total system
Elgin Jol.AEasi.
EUz.Lex.AB.8..
E»ans,Alud'plls
721,676
,287,692 1,158,311
Ala. Gt. South. :i*l wkjune
N.Orl. A N. E. 3dwkJune
Ala. A Vicksb. 3d wk June
Vicks. 8h. A P. 3d wk June
Erlanirer 8y8t. 3d wk June
Olev.
2'<,828
138, 123^
56.353
5.011
10.901
5.808
2,445
139.835
156,773
6,626
,618.707 2,986,792
80,292|
68,878
208,7871 258,895
647,030, 548,084
.131.002 2,299.654
53.668
30,273
.
Chic. Burl. A C). May
Ohlo.A East. 111. 3d wk June
Cliioaco & Krie. April
Oiuii.Nonhw'n.
979,651
13,698,132
769,514
583.532 14,,771.125 14,467,013
109,295, 2,,853,974 2,725,073
61,391
9,225
9,000
6,464
2,617
133,882
165,596
6,317
.
Cheraw.i8ali.sb March.
Ches. AObio.... SdwkJune
Ches.O. A 8. W. May
Cnes. A Lenoir February.
Oln.Wab.A.Micb.
Clev.AkroiiACol
785.384
,310,293 1,301,014
9,798
11,6.59
13,362
12.521
Chatl'ii'KaUnl'u May ...
Cheraw. A Darl. April...
Chic.
13,,988,741
29..509
,14'<,050 1,163,821
.
964,600
221.932
554.043
,471,813 1,530,497
453,584 493,.y24
1 ,925.427 2,024,021
Bal.AO.Southw. 3d wk June
* PoUMUM.c .May..
1890
!
AMem.
K.C.Mem. A Bir.
Keokuk A We.st
Erie All. A So
Erie A West..
L.
L.
,898.490
49,.501
189,617
592,244
49,957'I
63,679
,907,701
6,640;
24,342
562,915
51,402
5,418|
18,068
13,071
7.072
206,935
217,509
153,318
530.582
,161,203
,385,714
18,201
687,173
85,126
34,923
46!3(H
16,19''
239,9'<0
131,302
477,343
2,116,206
1,438,019
15,423
576,191
4 8. 350
17.771
37,'2.30
3,50,543
57,180
52,337
13,966
18,030
110,721
120,037
67,295
87,000
98,351
41,445
12,998
131,010
139,258
160,732
6,803
167,627
4,109
276,278
72,175
305,378
23,857
15.938
3,474,437
2,449,436
516,619
527,328
48,216
61,018
145,747
143,149
84,885
Total Syst'm 3dwkJuue
Mobile A liirm.. 3d wk June
Mobile A Ohio.. May
Montciev&M.G .May
May
-April
May
Y. C.A H.K.rf May
Y. L. E. A
May
Ohio April
Y. Pa.
W
.
Y.AN.Eng.. May
ANovth'n. May
Y.Ont. A W..
N.Y. Susq.AW..
Norfolk A West. 6
N'theast'uO.C.)
North'n Central.
Northern Pacltlc
3d wk June
May
3d wk June
March
Ma.v
349,3.59
IthwkJ'ne
512,455
78,136
20,422
OUoAMiss
3d wk June
Ohio A North w.. May
Col. A Maysv. May
Ohio River
3d wk June
Ohio Southern May
Ohio Val. of Ky. 4thwk May
Omaha A St. L.. May
607,943
263.025
10,032
10,IO(lI
l,Oll.'29«:
107,7'2o;
101,0.52!
1,3 10.9721
8,528,354
1,744.631
.506,303
A F.
AW. Car.
April
May
Kich.ADanvllle.
Vir. .Midland.. -May
Char.Col.AAu. May
Col. A Greenv. .May
West. No. Car. May
Georgia Pac .. May
Wash.O.A W.. May
Ashv. A Spart. .Ma.v
Total Sys'iu. 3(1 wk June
May
Petersb.
RioGr'de8outh.
.luiie
Rio Gr. West...
Rome W. A Ogd.
3(1
wk June
May
Sag.TuscolaAU.
M.-vy
8t.L.A.AT.ILB's
3(1
wkjtine
wk June
May
S.Allt.AAr.Pass. 3 wKs May
8. Fran. AN. Pac. '3d wk June
St.L.Southw'rii. 3d
8t.PaulADiil'th
Am. A .Mod. iMay
Seattle L. 8. A E. 'ItliwkMay
8av.
SUverton
SlouxCityANo
I
April
April
8>ath Carolina May
8 ). Pacltlc Co.—
Oal.Har.AS.A. May.
Louls'a West.. May..
Morgan's LAT. May.
N. Y.T.AMex. May.
j
452 58.64 936
,816
7,08.5,787
'2*2
176 ,001
1,305 148
713, 900
15, ,«90;
431.058
60,615
11,843
6,472,617
175,'2.51
1,437,096
723,101
16.638
470, 831
404, 642
1,209,121
182.260
71, 330,
30,364
106,,239
61, 081
68, 901
97,,788
38, 458
11, 040
634, 630
736.908
3,201, 044! 3.077,788
1,975, ,0101 1,782,238
1,813, 202) 1,667,234
1,.533, 585, 1.745,930
777, 327!
737,231
50, 927
43.007
105, 268
166, 319
145, 160
609, 611
551,076
770, 700,
812,652
3,656, 46S 3,333,974
5, 778
152, 140,
131,023
3,808, ,609, 3,683,998
121, 722
109,940
1,461, 181 1,337,238
305, 768;
126.069
1,561, 046 1,434,277
150, 938
3, 886
298, 792
32, 407
298, 050
20, 740
13, 989
80, 986
72, 408
73,806
63,863
14,724,853
11,201, 430 11,297,587
2,030, 132; 2,312,003
2,368.,0:
2,283,464
188,,027;
221,021
966.115
1,278, 104
,128, 094 15,803, 623
2,
497, 070;
597, 882
515, 933
30, 412
43, 091
144, 471
507,,605'
559,707
150, 759, 4,065,,072, 3,767,609
230,445
248,,492
78, 132;
538, 972; 2,598,,785' 2,708,092
357, 349 10,031,,'230; 9,933,136
78,,632, 1,%6.?,,156 1,901,870
&0,494
3,502
278.721
14,,660|
216,704
38,,712
83.357
115 077!
6, 031
174 ,7771
260,777
48,,373
356,,164 1,211 ,202 1,310,334
5,385,'252 5,,703,,033 26,034 r56 26,786,507
357.000
411 ,000
19,000
17,,000;
236.162
238: HI'
46,833
47,,708
386,533 475,,047; 1,370 .061 1,484,830
1,779.222|1,,728,,3,33 8,123 ,955 7,794.440
1,523,3331,,490,,071 6,773 399 6,190,507
3,302,555 3,,218,,106 11,897 ,356 13,085,036
13,003
17 000
2,858
3, 234
77,838
84 61
22,017
19,,716
453,972
424 ,732
108,509 121,,317
154,620
121 .608
28,93*41,,261
75,813
71 ,434
12,32t
23. 193
66,981
59,,102 1,035 103! 1,069,806
555,802
295 ,523!
55,956
124,,894
130,744
155 758!
20.69o
19,,928
148,961
166 418!
31,65S;
24,,343
94,407
102 231
20,406
19,,025
480,930 440.,700 2,502 .100 2,348,900
863,600
902 .3.50
185,050 185.,900
386,100
409 950
70.800
62,,530
307,738
379 ,170
57,070
51. 500
421 150
305,394
89,200
82,,400
772,
732,175
.070
146,620 126,,300
48,708
53 ,110
13,160
12,,400
53,627
61
,078
12,050
11,,370
237,003 234,,775 6,230 ,815 5,803,847
,301
144.846
139
28..597
31,,705
101 155
26,218
765.874
51,000
32],750 1,033 716
288.191 307,,156 1,329 716 1,551.642
32,004
36 804
7.938
7,,487
350,346
618 350
21,,954
25.040
61,,272 1,742 ,128 1,634,343
62.479,
50S,267
379 304
126,,040
170.041
120,2s2
565,873
390, 763
104.,709
305,833
336 86"
IS.,237
16.880
194 717
114,390
25. ()08
36,00)
146,000
141 733
13,,158
10.1.50
13 059
12,542
6,,3t0
4,271
110 430
37,392
21,,425;
6ii",588
720 708
92,,880,
99,700
18,,751
19,199
Pt.KoyalAAug. April
QuincvO.AK.C. May
511 ,276'
378.149
4,320 389 3,710.876
14 ,676'
18,306
1,641, 443'
206, 008
.
May
3,404 .(X)3\ 3.131.361
315 ,109
198.365
9, .5 '3
143, (1)1
371,000
102,486
129,933
16,584
April
Total system ttliwkj'ne
211.117
102.705
l,403,0e«
9,022.496
1,787,106
488,101
44. Oj2
10,,oj7
351,760
82,442
365,710
Pltt.8hen.AL.E. April
Pittsb. A West'u April
Pltt9.Clev.AT. April
1.151,241
144, ,79(1
13-, 151
2,102, 8SI
.
May
A Erie... April
A Read'g May
CoalAIronCo. May
Total both Cos. M.y
Pitts. Mar. A Ch. May
Petersburg
Phlla.
Phila.
Pitt. Young. AA.
US
743
Oregon Imp. Co. April
Pennsylvania .. May
PeonaDec.AEv. 4thwkJ'uc
A
«74,717|
301,488
43,,402
6,,940
6,,073
75, 949
1,073
13,600
29,934
5,829
36,090
294,2141
.
Rich.
1800
306,095
310,l«7
135.067
184.083
2,231,967
16, 492
525, 134
360,237
3,,7.i2
173, 162
136,778
•28, 953
3,,255
25,759
52. iOl
1,368, 660 1,367,118
33. -00
199, ,522|
169,906
8, 29
292, 222'
232,090
395. 47; 1,760,111 1,631,785
33.,(65,
120. 814;
138,677
25, .00
000
558,500
318, .95 8,690! ,3I2l 8,606,678
55,,-<ti8 1,210, 211! 1,111,140
9,902
407,731
31,445
33,100
.
Gull
3,
13. 387
6,913
4,089
68,310
18.777
6.721
5.470
54.405
A West Ithwk.I'ne
Milwaukee A No IthwkJ'ne
Mineral Range.. May
Mlnneap.ASt.L. May
M.St.P. A8.8.M. May
Mo. Kan. A Tex. SdwkJiine
Kan. C. A Pac. 3d wk June
Nash.Ch.ASt.L.
N.Jersey A N.Y.
738,,838
60,,628
00,,932
910,,308
3,,302
119,,247
14,,049
2,,200
,308,,898
37,,793
283,,312
31,,919
2,7.50
.Mil.L.Sh.
Pt. Roy.
66,163
20,734
20.772
Lvnchb.&Dur'm May
^f emphis A Clias May
IMexjcanCent... 3d wk June
JMei. National .'id wk June
IMexiean K'way WkMav30
Pitts. Pain.
330,019
66,005
20,821
.56,119
IX)Ul8.&M0.KlV.' April.
V.
64,11111
874,.K)'2
4.lj:,
35,187
281.509
31.357
Loulsv.ANasUv. 3d wk June
Louis.N. AACh. 3dwk luuc
Louisv.N.O.AT. 3d wk June
Lou.St.L.ATcx. Ithwk.I'ne
A
.55.756
9,510
1,358,049
Louis.Ev.ASt.L. IthwkJ'nc
N.
N.
S.
N.
N.
N.
3,35.t
.50,731
129,628
10,800
4,087
A Hud.. June
L. Bock A Mem 2d wk June
Long Island
June
New on. A
3,143
44,387
7,508
3,800
111.361
132,537
Lehigh
I
Bait.
&
118,730
39.600
158,330
781.581
135,932
5,634
3d wk June
l'"liir'a
AtlantaAW.pt. May
BIr.
626,3.50
SdwkJune
total ..
Atlanta * I'lmr
1891.
3.5.811
'
A Kg.
Latest Dale.
to
$
I
AlabaimiMidra. May
AlleKheuy Val. May
Atcb.T.atS.Fe.. 3a wk June
Half owned . 3d wk Juno
Total system. 3dwkjtine'
8tIi.&8anF.. 3d WK June'
Half owned.. 3dwkJuaej
Tot.8.L.&8.F.
1890.
Jan. 1
116,82"
59.055
5-1,741
1,024,798
2.45
May
May
May
3d wk June
May
3d wk June
May
3d wk June
3d wk J line
3d wk June
3(1 wk Juno
3d wk June
May
.3d wk June
Illinois Ccntr'lrt.
K.C.F.8.
Latest Earnings Beported.
1801,
ii
138,778
777,880
Huniest'n.^rSlieii •May
Hutch. A-South'u ApriL
J'k'nv.T.AK.W.
RAILROAD EARNINGS.
1890.
•
-
M. AM. -May
East, of Minn. May
-Montana Cent. May
Tot. system. May
Gulf A Chicago. May
Uousatonic
April
8t. P.
111.
1801.
Jan. I to Latest Dots,
84,,913;
4,,755
287 ,330
229 .624'
1.086.661
375,136
2,221,170
67,695
1,644,743
450,779
2,100,636
68,133
.
...
—
..
.
THE CHKONICLK
20
LatMl Eamiti^s Reported.
BOAM.
to
Laml Dau.
Gross Earnings.
1891.
1890.
.
1890.
1891.
1890.
1891.
iWeekorJIo
Jan. 1
\
rvoL.
S
212,913
Roads.
Roch. A Pitts.. May.
^
$
Liii,
Net Earnings.
1891.
1890.
»
S
9
194.601
777,193
95.973
72,719
314.296
276,114
131.582: 152,6-491
1,781.116
612,611
Tex. 4 N. on. May. ...
July 1 to
605,258
5.001.270f
5,01o.019
957, H53 1.072.751!
Atlantic 9.V9.C May. ...
May. 1,602.920 1.396,330
589,639
467,965
2.871.753 2,8S8.90S 10.574,910 9-573.biJ8 Ciknadian Pacitlc
Pacific system April..
Jan. 1 to May 31... 7,424,933 5,931,173 2,352,710 1.675,259
3,743.327 3,850,508 14,618,327 13,544,111
Total of all.. April..
51.281
Central
N.
W...May.
23,834
E.
A
Bo. Pac. RR.—
-"•
581,032
571.369
7,228
Poughke'psle Bdg.May.
4,896
168.2931 182.376
Ko. Div. (C»l.) April. ..
61,510
May.
28,730
5 48,679, 540,299 2,016.036 1,961,205
Total both
So. DIv. (Cal.) April...
666,729
649.738
166,463 181.963
Arizona Dlv.. Apnl..
1,163.821
1,118,030
491,841
Cent.of
New
Jersey.
May.
496,656
347,679
341.195
90,639] 107,562
KewMex.Div. April...
Jan. 1 to May 31... 5,251,825 4,865,814 2,14 .',077 1,848,622
34.833
37.936
11.046
11.760
Bpar. Un. & Col Mareli.
305,681 Chlc.Burl. AQuincv. May. 2,618,707 2.980,792 1.02.5,238 1,019,824
331,342
88.960
94.051;
8taten Ul. R. T. May. ...
6.097
Jan. 1 to May 31... 12,160,388 11,196,111 4,008,5)8 4,818,695
5,188
1,915
1,835
Stony CI. *C.Mt.. April...
360,080 Ohlc. MU. & St. Paul. May. 2,097,518 2,000,255
508,-56B
5.'>2.454
101,843
102,673:
191,538
May.
..
Branch.
Summit
360,953
372,784
82,934 100,036
Jan. 1 to May 31... 10,160,190 9,661,532 2,833,209 2,672,155
Lykcns Vallpy .May. ...
721,031
: 1,155,332
881,348
201.879
185,606|
May
31...:
25,350,010
8,103,108
July
1
to
8,592,808
.May.
...
both
Co's
Tot'l
78,849
78,046
17.363
17,.558|
Tens. Mi(ll»n(l..iMay. ...
140,389
113,813
46,216
Ghie. A West Mich. May.
39,296
Texas A Paclllc iKil wK June 113.641 104,278 2,949,428 3,058.904
652,004
618,198
194.224
Jan. 1 to May 31.
221,861
16,635
17.003
3.470
3.238
Tex.8.VaiA-.>!.W, May
250,679
258.378
10.1,819
139,960
473,438 CoLHock.Val.ATol... Apr,
419.372
93,195
84,032
TOLA.A.AN.M I.May
864.587
801,519
360,342
151,019
Jan. 1 to Apr. 30
361,756
162,7.37
7.226
3,018
Tol. Col. &Cln..'4thwkJ'n6
656,579 Det. Bay City & Al May.
6.59,368
40.692
34,311
51.682
13,282
39,831
28,503
XoLA Ohio Cent. Itliwk J'ue
427,126
418,527
18.476
19.797i
193.974
227,079
79,915
111,525
Jan. 1 to May 31...
Tol. P. & West.. i3(lwk June
764,732
799,951
37.203
40,2261
Tol.St. I-. & K.C.jltUwkJ'ne
491,973
571,604
5.384 Lonisv. A Nashville. May. 1.496,501 1,577,216
5.762
1,904
2,267
Tol.&9o. Haven March
Jan. 1 to .May 31... 7.673.887 7.611.573 2,700,110 2,815.723
87,844
91,282
29,749
30,301!
April
Ulst«r&Dcl
July 1 to May 31....17,710,262 17,360,730 6,499.908 6,870,843
Union Pad He—
255,026
160,838
33.754
1,571
629,105 704,201 2,423.019 2.084.532 liOiiisv. N.O. A Tex.. May.
Ot.s.L.&V.S. April
161,035
Jan. 1 to May 31... 1,504,429 1,030,102
345,279
433,752 355,229 l,665,841i l,00'',-.'78
Or. Ry. * N. Co. A pril
23-1.035
491.810 N Y. L. E. & Western .May, 2,149.136 2,497,070
70,892 119.180
Bt-Jo.&G'ilIsl. April
1878,601
1870,151
388,078 404,748 1.537,503 1.601.568
Un.Pac.D.&G. April
Jan. 1 to May 31... 11,201,130 11.297.537 3,635,011 13,774,858
1.717,040 1.964,371 6,25.^.337 6.876,293
All oth. lines.. April
Oct. 1 to May 31... 18.806,228 18,769,621 16,252,366 16,410,297
3,233,867 3,547,729 12,123,730 12,061,472
Tot.U.P.Sys April
362,001
114.213
117,191
Ohio
A Mlssiasippi.-Ma.y. 332,703
428.134
206,403
91.2U|
60,012,
Cent.Br.&L.L. April..
1,621,319 1,631.193
435.258
413,339
Jan. 1 to May 31
3.298.879 3,633,970 12,330,13912,492,9.36
Tot. cout'le<l April..
July
1
to
May
31
3.801,047
3,908,782
1,089.137
1,211,410
270.098
303.338
80,460
46,934
Montana Un.. April..
294,214
330,461
32,202
49,951
2.092
9.539
9,919 Oregon Imp. Co.. ..Apr.
3.127
Leay.Top.&8. April..
10,076
169,093
99,379
13;238
Jan. I to Apr. 30... 1,214,202 1,310.331
1,923
3.751
Man.Al.Ji Biir. April.
145,301
42.2.^8
163,057
26,931
Joint.own'd.'a April.
204.936
162,617
72,633
33,911
Bio Grande West'n May,
3,325.810 3,681,207 12,493,197 12,633,317
Oraniltotal.lApril
921.772
630,261
111,180
Jan. 1 to May 31
303.935
433.017
498,941
235,890 199.033
n.8'kY(ls.& r.Co February.
2,124,424 1,166,031
481,454
July 1 to May 31
814,645
66,710
70.166
15.137
14.055
Vermont Valley May
11,772
11,500
37,166
23,008
250.000 231.500 5,703,8-15 5,787,989 8av. Am. & Mont... May,
3il wk June
Wabash
195,913
111,390
51,372
Jan. 1 to May 31...
71,830
11,209
5,305
15,699
6.206
Wab. Chest. & W. March
31..
101.518
July
1
to
May
455,525
213,631
193,893
23.096
121,111
111.257
24,338^
Wash. Southern. May.
490,616 Southern Pacitlc Co.—
497,537
'Miy.
112,088j 120,578
West Jersev
4.55.120'
314,901
75,406
351,760
80.764
W.V.Cen.&Pitts. May.
97,679
Gal. Har. A 8. Ant. May.
371,099
82,061
8,091
33.990
26,625
294,415
West Vir.&Pitts.'Apdl.
9,2161
Jan. 1 to May 31... 1,686.661 1,611,713
279.306
2
34.377,
36,231
27,765
218,878
Western of Ala. May.
Louisiana West'n May
82,442
102,486
58,992
28,063
65.4001
74.600 1,555,641 1,611,531
West.N.V. & Pa. 3ilwkjnne
375,136
239,357
Jan. 1 to May 31..
450,779
118,197
575,353
Wheelin? & L. E. 3(1 wk June
22,786
523.137
25,700;
365.710
429,933
39,691
133,348
Morgan's La. ATex.May.
Wil. Col. & AiiR. March
93,092:
89,705
299,097
296.8^8
601,903
Jan. 1 to May 31... 2,221,170 2,109,636
501,853
Wisconsin Cent. !4thwk J'ne 113.0661 132,407 2,33.i.l95 2,310.591
6,6551
6,373
32,383
Wrl?ht 8v. & Ten. 'April
29,307
19,199
16.334
634 def.4,067
IT.Y. Tex. & Mox. May.
67,695
Jan. 1 to May 31...
68,133 def.8,750 def.22,953
a Whole system, including Iowa lines.
b Includes in both
131,532
152.649
51,100
72,382
Tex. ANewOrl'ns. May
years 8cioto Valley Division, and Maryland & Wastiinztou Division
611.710
741,707
223,129
305,550
Jan. 1 to May .U..
(Shenan loah Valley.)
e Includes earnings from ferries, etc.. not
given se,par.it€ly.
1 Moxiean currency.
U Includes Rome
205,0.54
311,119
Tot. Atlantic sys.. May'.
937,853 1.072,751
Wat. & Ogd. since March 15. In 1891.
Jan. 1 to May 31.. 3,001,270 5,015,019 1,100,711 1,418,277
«
Bo.Pa<>.('o.(C(iii)'
I
»
i
S
611,7101 ^741.707
S
Buff.
I
Jan. 1 to
May
May
31... 1.079.118
31... 2,305,818
.
.
.
.
.
.
.
|
.
.
I
.
.
.
.
.
.
.
.
.
.
.
.
.
.
. .
.
.
.
i
1
!
.
.
.
.
.
.
.
.
.
'
.
.
.
Earniugs by Weeks.— The
Latest Gross
latest
weekly
earning!) in the foregoing table are separately sumined up as
follows:
The complete statement for the third week of June shows
3"37 per cent gain on 84 roads.
3d week of June.
1891.
PreVly report'd 33 roads)
Atch. Top. A 8. F. system
Roads J'tly owned Hi.
St. IxMils Si San Fran...
Beads .I'tlv owned ht.
Cape Fear & Yadkin Val.
1
Ohicaeo & East. Illinois.
Chicago A (irann Trunk..
Chicago St. P. A Kan. C.
Chicago Jap. A Mac
Cln.N.0. &T.Pac.(5 roads)
OleTe. Akron A Col
Clere. Cin. Clile. A St. L.
Peoria A Eastern
Colorado
M iillnnd
Detroit Bay C. A Alpena.
Detroit Gr. Hav. AMil...
Flint A PiTc Marquett _•.
Florida C<>ntral A Pent .
Orand Rapids A Indian .
Cincinnati R. A Ft. W..
Otherlines
Orand Trunk of Canada.
Jacksonville Southeast..
Kanawha A .Michljan
Kansas City CI. A 8pr
Kan. City Ft. 8. A Mom
Kbdrm
.
A
C. .viem.
BIriu.
Keokuk A Western
Lake Erie A Western
A
lAuls. N. Alb.
Chlc
Mexican National
Mo. Kansas A Texas
Kansas aty A Paclflc.
Mobile A Blrmtngham ...
Ohio A Mississippi
OhloBlvor. .....
Elch. A Danv. (8 roads').'
8t.L.Alt.AT. H. Brches
San Fran. A
.\o.
Toledo Peoria
Pac
A Western
Total (81 roads)
_Kct Increase (2 3 7 p.o.)
1890.
Increase.
Decreast.
—
The following roads, in
Interest Charges and Surplus.
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
9
3.481,792
3,363,159
551,013
29,509
109.295
28.828
10,039
68.878
66,463
73,383
11,704
15,031
130,045
112.113
20,461
16.383
236,078
253,730
26,372
23,468
38.764
40.208
10,354
12.778
20,821
20,734
45,252
51,402
20,496
18,068
44.387
50,734
7,568
9,540
3.800
4.125
330,019
374,402
20.772
13.337
6,915
6.940
4,089
6,073
68,310
75,919
18,777
16,492
6.721
5,732
54,405
52,101
57,180
55,868
67,293
61,081
160.732
145,160
6,895
5.778
4,109
3,386
78,136
78,632
13.000
14,660
237.005
234.775
25.040
21,954
16.880
18.237
19,797
18,476
586,092
40,153
118,730
39,600
9..= 82
80.292
66,605
84.378
6,320,003
6,173,502
225,154
32,049
10,619
9,133
10,772
11,114
142
10,990
'^^'
1890.
1891.
9
$
$
Cliic. Burl.
AQuincy.May.
12,933
233,238
108,538
22,019
74,674
1890.
19,578
246,309
981,117
40,567
128,245
3.330
12,068
ANNUAL REPORTS.
17.652
"g'o'i
1,444
2,424
87
6,150
'2',4'2'3
6,347
1.972
32 i
41,333
7,385
25
1,981
7,639
2,235
939
2,304
1,312
6,214
15,.572
1.117
223
496
Pennsylvania Company.
December 31, 1890.^
The following roads constitute the system of lines west of
Pittsburg, operated either directly by this company or through
their own org.inizations, on Dec. 31, 1890:
CFor
the year ending
Leased and Operated
Pittsburg Fort Wayne
directlj/ by Pennsylvania Company.
A Chicago Railway
South Chicago & Southern Kallioad
State Line A Indiiina City Railway
Calumet River Railway
Massillon A Cleveland Railroad
New Castle A Beaver Valley Railroad
Pittsburg Youngstown A Ashtabula Railroad
Erie A Pittsburg Railroad
Cleveland A Pittsburg Railroad
Northwestern Ohio Railway
Indianapolis A Vincennes Railroad
'.
Miles.
469-9
102
3'2
4'4
12'2
15"0
119'3
S4'5
198-3
80-0
133-1
1,060
2,2.30
1,130-1
3,088
1,357
'i;3'2'il
362,140'
215,634
fol
A
^*'-
189
1891.
4,078
fu 1
detailed statement mcludiiig all roads
from which monthly
obtained, is given once a month In
these
oolumns. andi^^t
the latest statement of this kind will
"^"°'
Roods.
Roch. & Pitt9..May.
53,040
53.110
792,000
773.515
Jan. 1 to May 31... 3,960,000 3,867.578
21,197
18,729
Chic. A West Mich. May.
Jan. 1 to May 31...
119,519
93,616
Biiflr.
457
146,506J
^i^^.
^Inter't, rentals, <tc.—. .-Sal. of Net. Earns.-^
106,521
Net Earnlnys Mnnthly to Latest Dates.—The
table
lowinK shows the net earnings reported this
week.
fc.ue%? 'ZrS:^ °
After deducting proportion due roads operated on a percentage
basis, net in May. 1391, was $679,510, against $o57,780 In 1890; for
5 months to May 31, $2,729,119. against $2,765,569, and October 1 to
May 31, $4,396,863, against $4,705,621 last year.
ealCt
t
be found
°"^' ^"' ^pp^' '°"^«
Operated through their own organizations.^
Pittsburg Cincinati Chicago A St. Louis Railway Comp.any
1,0350
Operated by Pitts. Cin. Chlc. A St. Louis Railway Company: Chartieis RaiLuay
22-8
Pittsburc Wheeling A Kentucky Railroad
28'0
Little Miami Railroad
196-2
St. Louis Vaniliilia A Terre Haute RR., operated byTerre Haute
158-3
A Indianapolis Railway Company
Cincinnati & Muskingum Valley Railway
148-5
Waynesburg & Washington Railroad
28-1
East St. Louis A Carotidelet Railway
12-0
Operated by Grand Rapids A Indiana Railroad Company:—
Cincinnati Rienmcmd A Fort Wayne Railroad
85-8
Ohio Couuectiug Railway
3-3
2,897-9
1
JULT
THE CHRONIOLR
1891.]
4,
The foIIowiiiR statement shows the net results from the operation of tlio leased roa Is of the company, its income from
the Union Lino ami from miscellaneous sources, and the
charjfes aiiainst the revenue for the year, compiled for three
years for the Chronicle.
INCOME ACCOCNT OF PBNNSYLVANIA COMPANY.
1888.
—
Rfvemif
Net curiiK'« Union Line Buronii.
Rent of MouoniriiliPl K^ttl•n»•u.
RewlviMi for HMitof rpiile.tliito..
1
K«'oeivp<l for rent of i-iriiiniiient.
$
280.984
01,934
on Htocks
InteiPKt on Imncln
Interest ou gcnci ill account
DivldPtldi.
Interestonfip.
c. re;ris. lijuds.
0. bonds
& Pitts. RR..
Losslnoner.flev. & Pitts. RR.
Loss in oper.>ta.ss.& Clove. RR.
Artvanpes to Ind. A Viueen. RR.
dvau'stoCin.Ricli.&Kt.W.RR
01,934
7,.'i54
7,h7(I
2<>«,S«7
75f.,Sl2
250,2,'H
18.076
652,IX).'S
566,9.">7
63,529
„,
109,0!J4
IntJTPHt on 4 « p
Lossinopt-r. Erie
If
160,719
61,934
l.'*,0.J7
1,601,963
Total revenue
Ditburfntenia—
General expenses
Intpre-t on Piir trusts
1890.
l?
315,292
ProlltoiH. •al'.Kt W..VC.UU...fo»»371,><51
ProfltopcrxNPwC.AB.Vul.RR.
1889.
2n.t48
216.126
118,485
697.500
211,063
122.168
16,259
17:<,790
12,431
17,616
031.446
671.389
42,5 1
9iryMi7
13,148
677,527
646,899
28,554
2,610,577
2,767,949
68,123
221,860
109,066
787.500
290.734
229.739
18.021
155,436
2,295
76,7^2
218,119
99.120
843,750
267,705
2,517
14,962
160.818
2,186
_-„.„
1.882,773
1,686,989
eur.727.8O4 8ur.l,081,96O
The total bala'icc to credit of profit and loss account on Dec. 31,
890. was $3,4t»4,824.
1,676,856
aef.74,893
Total disbursements
Balance
GENERAL INVESTMENT NEWS.
21
IMstlllIng & Cattle Feodln?.- Under date of June 27, 1891,
the Distilling
Cattle Feeding Company issued the following
&
niitice to
stockholders
:
The stock of tlils comimny beInK oontinnnlly subdivided, thereby
liumlnir n lardP Ineroaso In the list of stopkholdeni, the hoard of directors lit tliplr iiippllriK Jnnn 16, 1K9I, fully ponsldcied tlip ndvlsablllty
ni licroafliT ili'pliic-lnif ouiii'torly Intioail of nioiitlily dividends.
The In\'-tlirntion ptovpd the iniiiipnsp amount of labor antl tlriip rofi Hired by
til.' olHi PIS and plcHial foiip In Issulntc pai^h divldpud, which would b«
^I'-iidtly liirrpasiMl by llip ac-cpssion of new stopkholders.
Tlie board of
Hinriors liiivp tlicictorp pinipludcd that dividends hereafter nliall he
You i»Te hereby notltled that the tirst quarterly
111
lai'pd (inaitpil.v.
lividpnd will i>p declnred by the board of directors at their September
iiippllUK. p.iyablo Oct. I. 1891.
1
&
Nashville.— It is
announced that the
Nashville Railroad Co. has
secured proxies representing over 360,000 shares to be voted at
the meeting of the shareholders on July 6. This is more than
three-quarters of tiie stock, including all the large holders, and
thus indorses the policy of the management in the proposed
increase of the share capital. It confirms the acquisition of
the Kentucky Central Railway Co., and the taking by the
Louisville & Nashville Co. of its proportion of the increased
stock of the Nashville Chattanooga
St. Louis Railway.
It
is stated that this will also enable the management to obtain
the acceptance of the stockholders of the amend ment to the
charter approved by the Kentucky Legislature last year,
authorizing the consolidation of the Louisville & Nashville
with other lines, and bringing into the system the Cumberland
Valley Branch, Kentucky Central Railway, Alabama Mineral,
the Clarksville Mineral and Pensacola & Atlantic Railroad,
thus affording the means of cementing the entire system into
a more homogeneous property.
Lonisrille
management
officially
&
of the Louisville
&
Mexican CcntraL- The Boston Herald says: " After providAmerican Tobacco Co.— Notice is given that a special meet- ing for the prior lien 5s. the Mexican Central Company had a
Company
ing of th<' stockholders of the American Tobacco
surplus of rising $4,000,000 of subsidy money applicable to
will be held at the principal office of the company at No. 803 special uses. A portion of this money has been applied to the
of
July,
for
the
purthe
Uth
Broal street, Newark, N. J., on
purchase of the company's 4 per cent bonds, and already $3,pose of considering and voting upon the question whether the 000,000 to $3,500,000 have been bought at prices thought to
be.
increased
to
shall
$21,stock
capital
common or general
average less than 70, and the same have been deposited with
000.000. dividfHl into 430.000 shares of $50 each, by the issue
of 130.000 additional shares of such common or general stock,
and whether the preferred capital stock of the company shall
be increased to $14,000,000, divided into 140,000 shares of $100
each, by the issue of 40.000 additional shares of such preferred
stock, so that the total amount of the capital stock of the
company shall consist of $35,000,000. divided into 430,000
shares of common or general stock and 140,000 shares of pre
ferred stock. The transfer books of the company will be
closed on July 8 and remain closed until Au"-. 3.
.Atchison Tojtekft & Santa Fe.—The Atchison Company
has issued a circular notifying holders of St. Louis & San
Francisco 1st preferred stock who have consented to accept 4
per cent bonds in exchange, that the bonds are now-ready for
delivery in $100. $.50O and $1,000 pieces. Stockholders who
have not yet a'<sented can do so until July 15.
Boston & iHaine. A circular to the stockholders says:
" Conformably to a vote of the board of directors this day
passed, notice is hereby given that it is intended to increase
the capital stock of this company by the issue of forty-six
thousand five hundred and sixty-four (40,564) new shares, and
that stockholders of record of thus date, to wit, June 24, 1891,
will be entitled to sub-cribe, on or before July 28, 1891, at 3
o'clock in the afternoon, for two new shares of said capital
stock for every seven shares held by them respectively. Subscriptions can be made to the American Loan & Trust Company. 53 State Street Boston.
Chicago Gas. Notice is given that the certificates of equitable interest in stocks of the Chicago Gas Companies, to be
issued by the Fidelity Insurance Trust & Safe Deposit Company of Philadelohia, in lieu of and upon surrender of the
certificates of the Chicago Gas Company, will be ready for
exchange at the office of the Cential Trust Company, 54 Wall
Street, New York, on and after Monday, July 6, 1891, at
which place a representative of the Fidelity Insurance Trust
& Safe Deposit Company will be present to make the exchange until August 6, 1891. A ruling has been made by the
New York Stock Exchange making the new certificates of
the Fidelity Insurance Trust & Safe Deposit Company a
good delivery for the old certificates of the Chicago Gas
!
—
I
,
—
;
I
Company.
i
the Boston Safe Deposit
&
Trust
Company
as trustee."
—
Minneapolis Street Railway. The earnings since Jan. 1 in
comparison with last year have been as below. Jhe increase
is largely the result of the opening of the electric road between
Minneapolis and St. Paul.
1890.
f45.(>25
yf'mlli.
January
February
March
41,707
4H,SI10
April
49.409
'3 weeks of June. 1891.
1891.
I
$70,873
62,000
70,5H8
77,499
I
Month.
1890.
552.740
56,421
May
June
1891.
$85,061
*59,435
•
I
$294,872
|
$425,436
—
Kansas H Texas. A press dispatch from Kansas
said The change in the control of the Mo. Kansas
& Texas occurred to-day. H. C. Cross retired as receiver and
took up his duties as President of the road, which is handed
over to the stockholders free from all financial emi)arrassmenfc
and in fine shape physically and otherwise. There will be no
change in the policy of the management, according to the
announcement of President Cross and Traffic Manager Waldo.
In New York the orders of the Central Tru3t Co. were issued
July 1 for the delivery of the new stock by the M. K. & T.
Ml8.8oari
City, July
1
Company
to holders of certificates.
,
:
Nashville Chattanooga & St. Louis.—The 8tockholder^ of
this railway company met on Tuesday at the office in Nashville to consider the advisability of iucreasing the capital stock
of the company. More than 53,500 shares of stock were represented. The meeting was harmonious, and the directors were
authorized to issue the following circular
" At a meeting of the stockholders held on June 30, 1891,
at Nashville, Tenn.. the stock of this company wa-! increased
by the amount of $3,331,387 50 and the directors were authorized to offer the same to the stockholders of the company.
Such increased stock is hereby offered at the price of $50 per
share, par value $100, to those who shall tie stockholders of
record on the books of the company July 15, 1891. at 8 o'clock
P. M., in the proportion of 50 per cent of their several holdings,
payable on or before August 5, 18J1." At the conclusion of
the meeting the board of directors met and declared a dividend of l}4 per cent, payable on and after August 7.
:
—
N. T. Ontario & Western. the board of directors has
changed the date of the annual stockholders' meeting to the
last Wednesday of September, as directed by the stockholders
at the last annual meeting in January.
New York & Perry Coal « Iron. This company has lately set
up in its works new and improved ovens, which will coke the
coal not only faster than the old system, but more uniformly.
Friends of the company say that the earnings liave also been
of a most satisfactory nature.
Chicago Jnnct'on Railways & Union Stock Yards.— The
annual meetini; of the stockholders of the Chicago Junction
Railways & Union Stock Yards Company was held in Jersey
City this week. Nearly $10,000,000 of the stock was represented and the proceedings were harmonious. The following
board of directors was elected Chauncey M. Depew. John
Quincy Adams, Edward J. Phelps, William J. Sewell. Frederics H. Prince, Frederick H. Winston. Hugh C. E. Childers,
New Bonds and Stocks Authorized or Offered.—The followFrancis Barron Blake, Bernard T. Bosanquet, Adolph von
Andre. Executive officers were subsequently chosen, as fol- ing is a list of new issues of securities now offered for sale, o»
lows President, F. H. Winston, of Chicago; Vice-President, soon to be offered
John Quincy Adams, of Boston; Chair tiian of Uie Advisory Atlas Tack Corporatiov—$100.oo9 lat mortiraw n nor rent lo-yoar
gold bonds are offeroil for siib,.(priptiou at par ami iuteresi by Messrs.
Committee, Chauncey M. Depew.
Brewster. Cobb A: Estalirook, Boston. I'ull detaiU regarding the
The annual financial statement of the company shows net
miliseripiiou are givpn In our advprllsinic columns.
.revenue for the year of $1,687,000: surplus, after 6 per cent NA8HV1I.I.K CiiATTAsmmA it 3r. Lofis.— The notice to stopkholders
retpirdinx the priviletre to subscribe to the new stock appears In
.dividend on the preferred and 10 per cent on the common.
our advertlsiiiK polunius to-day.
—
'
.
(,
f
:
,
:
:
The balance sheet shows tliat of the $13,000,000 in
capital stock authorized, $13,441,9t»0 has been issued. The
amount of (!ash on hand is $785,354, and semi-annual dividends on Itoth the preferred and common stock will be paid
!$60,650.
,
next week.
LoRiLi.xRn C(>Mi-\Nv.— f2.0(H).000 « per cent cum. prof, stock is
offered for subscription at p;ir bv Messrs. Barine. Magoun Ai Co.
NewYotk, and Messrs. Kid.ler. IVahody & Co., Boston. Partleulars will be found in our mlvprtisinit eoluinns.
Hty Hall bonds
St. Loots Mo. -Particulars reitariHnif the *l,725.0
(mentloiied la last Issue) will be found iu our advicJsIiig oolamns.
P.
—
THE
22
HRONiCLK
(
^epovts and jPocumeuts.
7 per cent bonds, due
BnodHosE COCNTT, IDAHO.-$300,000 hradlDg
N. HillBids wiU be received till Bept. 15 by Barry
to 1911
mi
ard. Murray, Shoshone County, Idaho.
of the
New York Central & Hudson River.-Statement
Company and ite
New York Central & Hudson River Railroad
since March 14, 1891),
leased lines (including R. W. & Og.
fOT the quarter
being estimated
and
fiscal
year ending June
:
- Ouor.
etui
1890.
June, 30.-.
1891.
—Tear
30,
end. June 30.-
1889-90.
$
37,008,403
24,492,130
(eS-SO-pTeT) (66-18p. c.)
9l^^-'"?^lTe"arn:(6f50p:c.)
P.coper. ex.1
3,511,582 12,516.273
Net earnings... 2,976,728
7,853,811
2,479,206
Flrgt chargee.. .. 1,944,690
OTORseaminKS...
Profit
Dlvld4nd.;
Balance
9,158,169
6,181,441
June, 1891,
10,265,447
6,753,865
$
(66-34
p. c.)
12,527,506
8,860,456
3,667,050
3,577,132
Sur.137,756 8ur.l38,093Sur.638.188
Sur. 89.918
1,032,038
894,283
WISCONSIN! CENTRAL COMPANY-CEN-
TRAL CAR COMPANY.
PROPOSED ISSUE OF EQUIPMENT AND IMPROVEMENT BONDS
IN EXCHANGE FOR CENTBAL CAB COMPANY STOCK.
1890-91.
37,780,313
25,252,807
4,662,462
4,024,273
1,032,376
894,283
(VOL. LIU.
Boston, No. 50 State Street, June 30, 1891.
To the Stockholders of the Central Car Co.:
The directors respectfully report to you that, at your annua 1
meeting, held June 32, 1891, the financial condition of the
Company was shown
to be as follows
Assets:—Wisconsin Central ten-year
dated
purchase,
lease and contract to
March 1. 1884, maturing March 1,
$1,000,000 00
1894
Wisconsin Central ten-year lease and
:
July
1,
contract to purchase, dated
been
1,000,000 00
Peoria & Pekin Union— A dividend of 2 per cent has
1 887, maturing July 1, 1897
and is Wisconsin
Central ten-year lease and
declared on the Peoria & Pekin Union Railroad stock,
NovemThis
dated
purchase,
amount.
to
like
contract
of
a
the beginning of quarterly dividends
ber 30, 1889, maturing November
benefit to
furnishes another dividend payer, which is a direct
500,000 00
30, 1899
the
the Peoria & Eastern, Peoria Decatur & Evansville and
Chicago & Great Western contract of
the
22,475 00
Eastern,
South
&
1889
Jacksonville
June
18,
the
Wabash interests, and
New lolling stock (furnished on like
stock of $1,000,000 being owned by those companies.
305,451 20
terms without written lease)
amendment to the Cash
27,793 43
St. Lonis Sinking Fund.— An important
$2,855,719 63
charter of the City of St. Louis was recently adopted in ac- Liabilities:—Capital stock
$2,500,000 00
Stevenson,
D.
John
cordance with a plan proposed by Gen.
2,732,565 26
232,565
26
payable
accounts
and
Notes
the City's Comptroller, providing for the estabUshment of an
$123,154 37
is
to
than
11,200,000
22,1891
less
Surplus
June
A sum not
efficient sinking fund.
The Wisconsin Central Companies now own or permanently
be annually appropriated, and used exclusively for the payment of the principal and interest of the bonds which were control the entire Chicago terminals and exclusive trunk
outstanding on the seventh of April, 1890, and Ot the bonds lines of the Northern Pacific Railroad Company, from St.
issued for the renewal thereof. A table prepared by the Paul and Ashland to, into, and at Chicago, and all points beComptroller shows that of the $1,200,000 so appropriated for yond. They have leased these properties to the Northern
the fiscal year 18 1-92 there will be $109,190 available for the Pacific Railroad Company for ninety-nine years from April 1,
retirement of bonds. As the debt, which in 1891 stood at $21,- 1890.
Being no longer entitled to the earnings made by
878,100, is gradually paid off, the sum applicable to the sink- equipment belonging to the Central Car Company, when it is
ing fund will, of course, increase (the amount needed for pay- off the Wisconsin Central tracks, they now desire to buy and
ment of interest decreasing), so that for the year 1905 the sink- pay for it before their contracts to purchase from you mature.
ing fund income is estimated at over $500,000. The whole This action has always been expected and was contemplated
of the preset debt, it is thought, will be paid by the year when the Car Company was formed and should now be met
1928. The delusive character of such calcu'ations under the by the Car Company in a liberal and fair spirit of accommosystem of accumulating sinking funds in vogue in the i)ast, dation. The following proposition, made to the annual meetby which the yearly income is hoarded and the bonds pur- ing, we now submit to you
chased are kept alive, is well known. The strong point of
" To the Central Car Company. The Wisconsin Central
St. Louis's plan (and it is one which has often been highly
desiring to become, at an early date, absolute
Company,
Chronicle)
is
that
the
moneys
accruing
commended by the
owner of all the motive power and rolling stock heretofore
once
in
the
sinking
fund
are
to
be
used
at
redemption
to the
hired from you, under agreements for purchase, as follows,
of bonds, which are then to be canceled, thereby preventing
namely $1,000,000, maturing March 1, 1894 $1,000,000, maany misapplication or misappropriation of the fund. St.
turing July 1, 1897 $500,000, maturing November 30, 1-99
Louis is fortunate in that she has it in her power to pay off,
,and $305,451 20, due on demand and believing that this
or at least to arrange to pay off, a part of this debt at par each
result wUl be easiest reached, and the interest of all parties
year. Were this otherwise the success of the arrangement
best served by the exercise of the power, conferred upon the
would be less certain.
Wisconsin Central Company in its charter, to purchase the
Extended.—
The
following
circular stock of your company, whereby it will assume all indebtedr. S. 4^ Per Cents
making provision for the continuance of the 43^ per cent ness for existing equipment now on Wisconsin Central tracks,
bonds has been issued:
as well as all outstanding contracts and orders for equip nent
Treasdrt Department, Office of the Skcretaby, )
of
construction,
now offers to buy your
in process
Washington, July 2, 1891
s
In purs\ianoe of the reservation contained in the circ'ular of June 2, stocK at one hundred and ten (which is about its present
and pay for it at
1891. whereby the bonds of the 4'«per cent loan were called for re- value on a six per cent basis )
demption on and after the 2d day of September, 1891, public notice ninety cents on the dollar, in Equipment and Improvement,
Is hereby mven that any of the bonds of the said loan may be presented
Bonds,
at this otttce on or before the 2d day of September next, for continu- Sinking Fund Five per cent. May and November, Gold,
ance during the pleasure of the Government, with interest at the rate now jointly and severally issued by Wisconsin Central Comol 2 per cent per annum, iu lieu of their payment at the date above pany and Wisconsin Central Railroad Company, and dated on,
speoiiled.
BoDds presented for continuance should be accompanied by a re- and maturing forty years from, May 1, 1891. The Wisconsin
quest sunstantlallr in the form herewith prescribed, and upon the Central Company will also allow all Car Company stockholdRurrender of the bonds, with such request, the Secretary of the Treas- ers who shall promptly make this exchange a credit of ftve
ury will return to the owners registered bonds of the same loan, with dollars per share (which is a little more than the dividend
the fact that such bonds are continued during the pleasure of the Government, with interest at the rate of 2 per cent per annum stamped each share would take if the Car Company should, at this
upon them in accordance with this notice.
time, divide its surplus pro rata among its stockholders). So
upon the receipt of bonds to be continued as above provided, the in- much of this credit as is required in the exchange to make
terest thereon to Sept. 2. 1891, win be prepaid at the rate the bonds
now bear. Registered bonds to be continued should be assigned to even figures in Improvement Bonds, will be applied to pay for
" the Secretary of the Treasury for contiuuanoe," the assignments
be- fractional bonds; and the rest will be paid in Improvement
ing duly dated and witnessed by one of the officers Indicated la the In- Bonds at par but all parties who
shall deliver their Car Company
Btructions primed on the back of each bond.
The department will pay no expense of transportation on bonds re- certificates in exchange, at this office, on or before July ti\. 1891,
ceived under the provisions of this circular, but the bonds returned will recceive the balance in cash, if they so elect.
Time is of
•w\a be sent by prepaid registered m.%11 unless the owners
otherwise the essence in this option, which is made solely to hasten
*''*««
Ohahles Foster, Secretary.
prompt deliveries. The bonds are now being engraved, and
Wabash.— A dividend of 6 per cent has been declared by wUl be delivered as soon as executed. Temporary receipts for
the directors of the Wabash Railroad Co. oq the company's Bonds will therefore be issued
each holder upon receipt of his
debenture bonds, series " A," for the fiscal year ending
June Central Car stock at this office. For the information of Car
80, 1891, payable at the companv's offices on and after Julv
Company stockholders, the Improvement Bond prospectus and
1
to stock of record June 30, 1891.
the consolidated balance-sheet, showing the assets, liabilities
Wisconsin Central.— The plan for refunding the Wisconsin and income of the two railroad companies on May 1, 1891, is
C«ntral Car Trust obligations has been issued and will
The Wisconsin Central Company
be transmitted herewith.
found on a subsequent page, together with a consolidated reserves the right to raise the price of Improvement Bonds, or
balance sheet showing the financial condition of the
Wiscon- wholly withdraw this offer, at any time without further
sin Central system April 80.1891.
By order of the Directors. Room 81, No. 50 State
It is proposed to issue
notice.
Wisconsin (antral equipment and improvement sinking
fund Street, Boston, June 19, 1891."
five percent gold bond.s, exchanging the same
at 90 for
special committee, consisting of those members of your
Car Company stock taken at 110. The advantages of the
this board who have no official connection with the Wisconsin
exchange are clearly set forth in the circular and will
effect a
Central Company, viz., Messrs. Wetherbee, Johnson and Per'° '^* Wisconsin Central fixed charges of about
kins, have made careful examination of the affairs and
It^^nJl^"
$100,000 per annum; it will also relieve current
income here- finances of the Wisconsin Central Company
and all the
after from most of the cost of new equipment,
which in future directors concur in recommending you to accept this offer.
can be capitalized into the new improvement bonds
The
In any event, in less than three years the Company will have
pUn 18 commended by the directors as in the interestof all $1,000,000 of ts capital
tore-invest. Either /orfj/ percent of
concerned.
your stock will be retired and canceled at par, or the capital
;
;
:
—
:
;
;
;
;
.
;
:
A
;
:
:
JCLY
Three years later, forty i^r
This piecemeal process of
wipiug out your investment is avoided by acceptance of
this proposition, which affords you six per cent income
more
hereafter
principal
ment
Bonds
excoptionallv
lower
rates.
.
forty
place
whicli
strong,
First : These bonds are to be collaterally secured as fast as
issued by purchase money, first lien upon all property bought
with their proceeds, and assigned in trust to protect them, viz.
1. Central Car stocli, covering equipment, costing and fairl v
worth, $3,837,938 30.
3. Bonds and securities, amounting to about $3,500,000, and
having first mortgage lien on railroad, lands, St. Paul yards,
Waukesha shops, machinery, etc., bought with their proceeds,
219,500 00
2,854 16
.
ible
debentures,
ti
per w^nt
42,080 17
I'ac. RR. Co., rental
March and April
Northern
.
;
^ji^iijti 44
Milwaukee ti Lake W. UK, convertible debcntunm (f^OO.OOO). cost.
Interest accrued on above securities.
CkicaKo Wis. h Minn. KR., convert-
then gives you |l,a()0
yeara, and
each |1,000.
These
Improveof
you will receive in exchange are
'fhe credit of the two promissors,
derifin;/ assured income, as lessors, from property absolutely
essential to their rich and prosperous tenant, rests on a solid
It is leased to that tenant for ninety-nine years upon
basis.
terms which give it the whole traffic during that period. The
Tlie
lease is a conliact protected by the Federal Constitution.
tenant can no more help coming to these Chicago terminals
than tlie New York Central can stop its trains at Albany and
Unless the
it can hencefortli come over this route alone.
Nortlnvest stops growing the rentals must grow too ; and the
value of these bonds correspondingly increase. The Company's figures and prospectus show the following facts :
2A
Amount brmight for uatrd
be reiavcHted.
tuust
for
in
. .
THE CHRONICLK
4. lb91.J
will be re-invested at
cent
:
count,
ac-
264,20018
177,237 62
Accounts receivable
6,1H3 36
72,268 35
Materials
Cash
WU. Oen. RR.
1,431,926 89
Fund Account:
SuUeiiig
Cash
$1,046 12
171,640 72
In land department
173,686 84
f 87,828,949 67
Liabilities— Captfaii Stock of bolh Companiei
Wis. Cen. Co., Common
$12,000,000 00
Less on hand
146,150 00
:
$11,853,850 00
3,000,000 00
281,525 00
Preferred
Less on hand.
Wis. Cen. R. R.,
350
'
common
»2,718,475 00
($9,272,-
103,150 00
retired).
Income " Funded Debt of both Companies :
Wis. Cen. Co., mcome bonds
$9,000,000 OO
Less on hand....
1,472,833 33
$14,735,475 00
.$7,527,166 67
and believed to be worth all thev cost.
Wis. Cen. R.R. second series Income
bonds ($5,577,753 04 retired)..
8. The
total authorized issue is $13,000,000, of which
122,246 96
$7,000,000 will be issued for present use, and $5,000,000 will
Lesson hand
109,000 00
be reserved to be issued from time to time, when and as re$13,246 96
quired under the Northern Pacific lease, and will be secured,
$7,540,413 63
so far as possible, in like manner.
Funded debt of Wit. Cen. Co.:
Wis. Cen.Cjo first mortgage bonds,
Second : These bonds are also the joint and several obliga5 percent
$12,000,000 00
tions of two independent, solvent, corporations, possessing
Less on hand....
1,138,688 29
each its own income and assets, which are directly applicable
$10,881,311 71
to payment of interest and principal, whenever due. Each of Fundtd Debt of old Compaiiiet so far a$ still outatandingi:
Wis. Cen. RR., first series bonds, 5 per
these corporations is separately liable on every bond and coucent, due 1909 ($2,278,000 retired)
1,522,000 00
pon as it matures. Tne condition of these corporations is,
Minn. St. 0. & W. RR., first mortgage
,
briefly, as follows
bonds, 6 per cent, due 1915
:
The Wisconsin Central RaUroad Company, formed in 1871
under perpetual charters, owns 389'38 miles of heavy steel,
main track in first-class order, subject only, so far as these
ImpVovement Bonds are concerned, to the. first mortgage lien
of $1,533,000 First Series and $13,246 96 Second Series bonds,
which alone are now outstanding under the Consolidated
Mortgage of January 1, 1879, maturing in 1909 t. e. less than
$4,000 per mile. Its land grant of about 588,638 acres forms
sinking fund to pay off and cancel these bonds. This land
grant covers valuable timber and iron mines which yielded to
the sinking fund during past flaanoial year $103,000. On
June 80. 1890, its net surplus income, over and above all fixed
charges, was $85,813 84. The surplus increased in ten months,
imder the Northern Pacific lease, $115,533 56, and its balance
sheet showed on April 30, 1891, a total credit in income
account, over and above all operating expenses and fixed
charges, of $30 '.,346 40.
The other joint obligor is the Wisconsin Central Company,
which owns substantially all the stock of the Wisconsin Central Railroad Company, and has retired all the bonds, excepting only the $1,533,000 first series five per cent bonds, and
$13,246 96 second series income bonds before mentioned. It
holds, moreover, in its treasury (in addition to its own surplus
securities, viz., common stock, $163,300; preferred stock,
$281,535; income bonds, $1,473,833 33; first mortgage bonds,
$1,142,688.29), the sum of $1,431,936 39 in sound, dividendpaying, available assets, which are, practically, a guaranty
fund upon all its obligations.
These assets are available
to protect punctual payment of coupons, primarily, on its
own first mortgage bonds; and then on the 'Improvement
Bonds now offered you. They constitute, it is true,
a quasi sinking fund for the
ultimate redemption
of the residue of the outstanding indebtedness which is inherited from the constituent corporations now absorbed into
the Wisconsin Central Company.
But $775,000 of this remaining indebtedness represents outstanding, original purchase-money liens of prior mortgages on the Wisconsin
Central main tracks into St. Paul over the St. Paul
St.
Croix Falls Railroad, and on their yards and terminal real
estate in that city,; which are worth far more than this
amount. The rest of this indebtedness can be paid off only
as it gradually matures during the next forty-five years and
this quasi sinking fund is already larger than the amount of
all such liabilities, and is rapidly growing in
value. Tne
following consolidated balance-sheet of the two companies
shows the condition of the property covered by Wisconsin
Central Company securities on April
Aoril"30.
1891:30, 1891:—
;
Chippewa
F.
& W. RR.
,
first
180,000 00
mortgage
bonds, 7 per cent, due 1904
Wis. & Minn. RR., fii-st mortgage
bonds, 7 per cent, due 1910
Penokee RR., first mortgage bonds,
5 uer cent, du-v 1937
8t PaiU dc 8. C. Falls RR., first mortgage bonds, 6 per cent, due 1891
150,000 00
810,000 00
30,000 00
90,000 00
(.Nov. Ist)
Minn. St C. & W. RR., terminal mortgage bonds, 8per cent, due 1 895
Minn. St. C. & W. BK., improvement
mortgage bonds, 8 per cent, due
1906
Minn. St. C. & W. RR., Minnesota
transfer bonus, 8 per cent, due
1891 (Aug. Ist)
400,000 00
.
215,00000
70,00000
14,328,311 71
Unfmuled Debt
Unpaid coupons, accrued Interest on bonds, vouchers,
289,458 28
502,812 58
pay-rolls, etc
Bills jiayable (equipment, etc.)
Wit. Cen. R II. Land jOepar<»ien<— (sink
ingfuud account), cash
Deferred land contracts
$14,818 .^2
150,376 88
fieiitot*— March and April
Chic. Wis.
Minn.
Mil. & Lake Winnebago
$65,139 66
39,623 52
165,195 40
&
RR
RR
104,763 18
Income occowMi— Surplus over
all fixed
charges, April
159,519 89
30,1891
$37,825,949 67
Third: These Improvement bonds are exchangeable for
second mortgage bonds, whenever and if either of these two
companies ever makes a second mortgage. Moreover, on and
after June 30, 1900, a sinking fund, equal to three per cent of
the net rentals, or earnings, monthly, received by these two
companies from properties now leased to the Northern Pacific
Railroad Company, will be set aside and invested in the purchase and cancellation of Improvement Bonds, whenever they
can be bought in open market at not exceeding One hundred
and five and accrued interest.
Your directors regard the Improvement Bonds now offered
&
you as a sound security, much better than a second mortgage
bond. The bonds will be issued through the Farmers' Loan
& Trust Company of New York, which will act as Trustee.
Their issue will reduce fixed charges which are now paid
before Income coupons about one hundred thousand dollars per
annum, and will also relieve current income hereafter from
most of the cost of new equipment. If this offer be accepted,
this cost can hereafter be capitalized into the Improvement
Bonds instead of being, as the mortgage authorizes to be done,
They will have precedence in
entirely paid out of income.
A^KTS— Coat of road and equipment (mlies owned.
payment of interest over the Income Bonds will mature six
u2S'4<5)
_^
$36,221,366 41 years earlier, and no second mortgage can ever be put ahead of
A mailable A ssels—l Not including 'the
remsteied bonds or stocks of eonstlthem. The directors, therefore, have all consented to extueut coiniiunies (which are all inchange their own Central Car stock on the terms proposed,
cluded in co,>it of roadi nor any Wis.
and join in recommending you to avail yourselves of the opCent. Co. securities on hand] viV.:
Wis. Cent. RK. Co., Hi-st scries mortportunity, before the time for so doing expires. ,
eaitf lionds, .5 per cent
.11252,000 CO
RespectfuUv submitted,
;
;
'
'
Minnesota Transfer Co., first mortEage lioudK
Minnesota Transfer Co., stock," 70
shares
Abbotsford
&
No. Eastern BR.l
mortKaKe bonds. 6 per cent
Milwaukee & Lake W. BK
1,993 55
Edwin H. Abbot,
Charles. E. Perkins,
7,000 00
J. O.
first
35,000 00
preferred stock (:j,475 shares, cost....
,
351,000 00
Wetherbee,
Henry
F.
Spencer,
George W. Johnson,
Directors.
.
THE CHRONICLE.
24
[Vol.
I III.
COTT ON.
3rixe Cammemal^imes.
EPITOME.
COMMERCIAL
Friday
Friday, P. M.. July 3, 1891.
indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 13,423 bale?,
national anniversary,
The week before the 4th of July, our
mercantile circles, and the period now
is usuaTlTa dull one in
Speculation in leading
rule.
is no exception to the
being
against 15,413 bales last week and 30,6-31 bales the previous
week, making the total receipts since the 1st of Sept., 1890,
6,801,993 bales, against 5,780,337 bales for the same period of
1889-90,showinganincrease8inceSep.l,1890,of 1,081, 765 bales.
Night, July
dS
Sf
has teen fairly active, a decline in
foUowed by a sharp advance.
The Movement of the Crop, as
1891.
3,
breadstufifs
The weather has been gener-
Floods in the Missouri and
to crop prospects.
curious phenomena,
Coforado rivers have'^been'^ attended by
mar-
XTavorable
which mav have important consequences.
ket continues easy, and apprehensions of
The money
serious strmgency
while marketing the crops are measurably abated.
of leadThe following is a comparative statement of slocks
ing articles of merchandise at dates given
:
1891.
1891.
July
Portt
L«ri
bbls.
24,.597
tc8.
65,913
20,647
45,787
12l,t39
48,192
53,095
1,120
None.
444,769
None.
hhds.
Itobacoo, domestic
bales.
Tobacco, foreign
Coffee. Rio
CX)ffee, otber
Coffee, Java, 4c
bags.
bags.
mate.
hbOf.
boxes.
bags, Ac.
hhds.
hhds.
Bogar
BagU
Bosar
K^ado
Molaaeea, foreign
Mnlniwrn. domeBtio
BplTlta turpentine
Xif
Bloe,'£."l
Btee, domeetlo
Unaeed
Saltpetre
Jntebntts
Manila bemp
Blsal heinp
Floor
bbls.
and
bales.
1>W8.
bbls.
bbls.
lft.'),421
bags.
pkgs.
33,000
oagsbags.
None.
19,510
67,f00
2,707
20,9i0
196.500
55,7!)4
260,328
64,640
61,600
6,845
None.
229,888
None.
1,108
1,441
19,000
415,600
160,4 28
14,672
542
<280
1.
8,862
34,435
30,074
339,828
None.
17,839
1,888
bales.
bales.
bales.
sacks.
July
NotiH.
1,121
No.
HldM
1.
23,706
74.H76
20,931
42,081
251,073
4a,500
48,400
3,144
25,000
453,600
bbls.
Ootton
Boaln
June
1.
1890.
so,
629
480,200
81,^59
12,659
2,008
89 i
23,600
5,800
None.
17,000
60,500
2,707
86,580
186,4C0
1,714
13,000
1,500
None.
6,400
72,500
6,707
23.040
218,60i
to the dearer grain market and the probable remarketing of swine at the West for strme time to
owing
come.
DAILT
0IX>IIIIO PBI0B8 OF
Hon.
Sat.
July df livery
August delivery
September delivery
October dellvtry
6-28
c.
o.
o.
640
c.
663
6-35
6-48
6-60
6-72
6 52
LARD
UTUKEI.
Wed.
Tuet.
640
6-49
6-62
6-75
Uon.
Sal.
Wed.
Tues.
Thur
Fri.
6-51
6-61
6-74
6-85
Total.
104
33
403
36
836
New
353
45
858
80
2,154
*71
Orleans...
Mobile
127
13
70
38
650
72
4,212
1,224
67
23
306
271
476
34
2,782
26
20
187
42
91
610
.-...-
8
16
1
11
71
179
60
373
173
83
49
97
83
84
106
239
19
273
597
189
49
748
1.428
13,423
Florida
Savannali
Brunsw'k, Ac.
Obarleston
Port Koyal.&c
Wilmington
244
16
3
245
67
280
132
315
23
8
47
Wa*'gton,&c
Cforfolk
West Point...
N'wp'tN'8,&o.
New York
60
70
34
1,194
Baltimore
Phlladelpli'a,&o
76
62
721
531
433
Totals this week
1,740
2.822
3,753
1,641
2.038
1,823
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
July
This
Week.
3.
998,574
23,764
4,212 2,045,060
315 292,338
44,583
23
2,782 1,116,181
188,199
610 506,173
1,016
47 188,217
3,746
1,194 640,850
587 345,567
96,861
189
49 131,456
748 117,123
50,018
69,266
1,823
ElPaso,&c.
(few Orleans.
Mobile
Florida
Savannali. ..
Brans., &o.
Charleston .
P.Royal.&c
Wilmington
Norfolk
..
Boston
Baltimore.
Pbll'dera,
Since Sep,
1, 1890.
836
Glalveston
NwptN.,«&o
:
..
&a
13,423 6,861,992
Totals
Since Sep,
1, 1889.
This
Week.
I
sugars on the spot are dull but firm at 3c. for fair refining muscovado and 3%c. for centrifugal of 96-degrees test.
Nothing of moment was done to-day. Futures exhibit some
irregularity, closing nearly nominal at 8'33(§3'38c. for August and 3'36{33'44c. for October, showing a weaker market.
crushed 5}^c. and granulated
Refined sugars are dearer
^%®A%c. Molasses is nominal at llJ4(gl3c. for SO-degrees
1891.
1890.
838,633
23,212
7,256
124
615 1,947,729
13 239,818
32,265
81 935,028
162,962
37 320,244
82,030
6,929
23,808
506
6.616
1,487
5,023
150
4,076
415
7,811
1,626
3,632
155,274
2,200
1,821
6,141
78,533
2,200
1,192
4,728
286,803
116,775
631
1,833
132,673
3,740
22
60
15
731
76
401,902
325,206
58,973
114,467
72,654
87,670
81,149
3,28l!5,7oO,227
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts
at—
1891.
1890.
315
631
615
13
..
2,782
81
Oharl'st'n.&c
Wilm'gt'n,<kc
613
47
37
Norfolk
W't Point, Ac
Al others....
1,194
Tot. this weeli
836
GalT'»ton,4c
New Orleans
4,212
MobUe
1889.
78
1,026
31
156
Savannah.
1887.
1888.
239
12
89
531
31
1,075
941
2,643
22
75
807
12
56
13,423
2,281
2,477
776
43
526
2,024
310
720
123
I
Raw
Stock.
1889-90.
1890-91,
Receipts to
Hew York.
cheese are dull.
Coffee on the spot has been dull and yesterday there was
some decline. To-day, however, there was more steadiness
at \^%c. for No. 7 Rio, but very little doing. The speculation
in Rio options has been inactive at unsettled prices, but to-day
made a considerable advance, especially for the autumn
months, which had been much depressed on Wednesday. The
close was steady, with sellers as follows
ll-20o. January
IS-TO*. October
nly
13-70c. February
15 800. hovember
Aognat
15-0)0.
Deceiuber
13'55o. Marcli
Beptember
I
Fri.
107
West Point.
Pork has been more active, and at the close is held higher
but quiet. Cutmeats have sold pretty freely at full prices.
Beef is held higher. Tallow is firmer at 4^c. Butter and
I
Thurf.
153
Wa8li'tn,<to
I
6-40
6-49
6-60
6-71
—
3,50(1
Lard on the spot has not been active, but, sympathizing
with futures, prices have made some advance, closing last
evening at 5-90@5-95c. for prime City, 6-50@6-55c. for prime
Western and 6-40@6-85c. for refined for the Continent. The
speculation in lard for future delivery became active and
buoyant as the week advanced, and yesterday was especially
stricted
Receipts at
Galveston
El Paso, &c...
w
1886.
414
4,541
14
410
47
1,554
1,669
9
1S7
1,433
273
133
68
2,614
6,410
1,261
12,694
549
934
;
81nce8ept.l
8861.992 6780.227 5490,138 5441,909 5194,203 15273,397
for the week ending this evening reach a total
Kentucky tobacco has been quiet, the sales for the week of 29,038 bales, of which 30,593 were to Great Britain, 351
amounting to only 1.50 hhds. Prices are well maintained, lugs to France and 8,191 to the rest of the Continent. Below are
ranging from 2% to .ic. and leaf from 5 to 13c. The exports
the exports for the week, and since September 1, 1890.
for June were •.3,.524 hhds. Seed leaf continues in gooci del<rom Sept. 1, 1890, to July 3, 1891
Week EmU 710 Julu 3.
mand at full prices. Quoted Connecticut fillers, 9® 18c. do.
Exported to—
Exported to—
wrappers, 2.5^ 42i^c.; New York & Ohio fillers, 8(3 9c.; Ohio
Bxports
The exports
:
;
from—
Pennsylvania fillers. 9@10c.; fine wrappers, 30(342;^c.; Wisconsin average lots Havana seed, 12(3 25c.
On the Metal Exchange Straits tin has improved materially Qalveiton
during the week, but there was nothing done to-day, and the Naw Orleana..
close was nominal at 20-55c. on thesjwt and 20-60c. for Septem- Mok. t Fanc'la
ber.
Ingot copper is easier and still nominal quoted to-day Savajinali
Brunswick ....
at 12-86c. for Lake.
Domestic lead has weakened a little,
CharleatoQ
closing nominal at 4-47J^c. The interior iron markets are
Wilmington,..
very dull, with free sellers at late figures, and a very unsettled Norfolk
wrappers,
1.5(3
25c.
;
;
Continent,
ereat
Total
Week. BHtain. France
615, 1»0
6,267
6,267
—
tone.
W«it
Refined petroleum is steadier at 7'05c. in bbls., 8'65c. in
cases and 4-5flc. in bulk naphtha 6c.; crude in bbls. 6-45c.
and in bulk 8-85c. Crude certificates are steadier, selling today at 66i^@6«?-4'c., but closed dull.
Spirits turpentine is
steadier, but quiet at 37^^(3880. Rosins are firmer with a moderate business at |l-40@|l-46 for strained. Wool and hops
are qtiite unsettled.
N'portNw»,*o
N«ir York
;
Oreat
Brit'n. France
Point...
Boston
Baltlmors
Ptallad*lp'»,&c
Total
Total. 1889-00.
2,221
2,821
7,126
1,402
Hi
3,Ut
4,983
8,208
Ui
12,863
1,402
6,362
443
25,108
846,351403,988
450
71,367
126,457
37,596
88,030
149,689
16,330
98,532
269.186
138,816
75,240
603.192
218.232
76.242
26,610
1,647
11,599
Oonttn«nj.
63,180
45,871
32,530
168,359
326,656
166,346
75,959
104,107
739,203
2*5,648
180,330
27,624
719
41,611
7,316
14,217
Ibtal
102,962
648,180
567,866 1,987,204
100
74,917
483,744
697.798
121,996
23,866
248,241 414,280
80,871
1,914
20,693
264
8.101
29,068 3,309,664] 663,467 1,801,147 6,664,278
9,626
41
l.tt6
11.091 12.830,403!47.5,100 1,610,7.W 4,816,2?
;
I1
July
THE CHRONICLE.
4, ifftil.j
In addition to atwve exports, our telegrams to-niRht also
give U8 the following amounts of cotton on shipboard, not
We add similar figures for
cleared, at tlie ports nameil.
New York, whicli are prepared for our special use by Messrs.
Oarey, Yale & Lambert. 24 Beaver Street.
On SMpboard,
The Sales and Prices of Fdtubbs
not cleared—for
Great
Britain.
Hew Orleans...
Other
France. Foreign
6.002
None.
None.
None.
None.
None.
Oalveston
Bsvannah
Obarleston ....
Hobile
Norfolk
New York
Other ports
4.000
6,000
Coastteise.
Stock.
Total.
3,263
1,750
1,728
12,743
None.
None.
None.
None.
None.
2,000
487
200
660
None.
487
200
650
None.
2,500
2.600
6.300
7,000
None.
None.
1,000
*>'i3^- *-,sr. '^iS-'
fre
ia.pS
:
to
CO
.
I
a
5.311
tJOrf^g*
4,750
5,565
29,880
256.923
Total 1890...
ToUl 1889...
10,838
12,674
None.
2.000
3,447
2,179
15.015
22,062
103.259
158.803
?:
UW
s&i^g
,
:'8:
shown by
the
^S'^'^n
I
I
1
S^.^fl
g
I
I
0000
.
I
;
ex XXCOO
'-a
o
0000
5
66
I
2
c^:.
QCK)
=6
otoo
KM
I
I
»
;
5
0000
60
2
IS
I
00
1
OOCQO
^C,J.
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05
XX
XXM"'
I
ccoop
-1
00
1
2
0000000
00 00
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00
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OrODOOO
:.:.='6
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I
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^
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't
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ar:
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ai":
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dp:
oococoo
^
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2
0000^
8°;
(XQOCOO
to
ivto
%.«;
xxoop
ocoo
.
&.";
05
,
:
66*6 66°6
_
KO*-"
xooox
cc='6
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5
OpOD
ei
I
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5
2
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"i
».»:
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00
I
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d*
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I
00 00
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to
s
CO
b:
ilia
fir
i
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o 6
u
:
>
<
contrary, reported decidedly higher prices for futures, together
with what was regarded of more consequence to values,
an active and hardening spot market. An active demand
here to cover contracts, followed with some
buying
" long"
the
account, on which
for
prices made a
selling
sharp advance, August deliveries
at 8'19c., against
7'96c., the lowest figure of the previous week.
But this advance was partly lost, and on Monday the market was at
times quite depressed. Liverpool reported lower prices for
futures, and the spot mirket there became quieter.
Weather
reports from the South were at the same time very good. But
the chief element of depression was the apprehension of free
tenders for delivery on July contracts at Liverpool, without
being adequately protected.
feature was the narrowing of
the difference between August and January. These months
closed on Friday last 53 points apart. This had been reduced
on Wednesday to 49 points. The apprehension of free tenders
on contracts at Liverpool was dispelled on Wednesday; they
amounted to only 8,000 bales, against 40,000 bales that our
bears had expected. Consequently both markets advanced,
some portion of which was lost in the later dealings, as crop
accounts continued to be very favorable, and the bulls showed
very little sustained strength.
Yesterday, Liverpool was
lower and we declined. To-day prices were better, in response to a wholly unexpected better report from Liverpool,
but in the half hour prices receded slightly from the best
figures of the day, under selling to realize", with reports of
very favorable weather at the South. Cotton on the spot met
with ;a moderate demand for home consumption, and closed
quiet and unchanged at 8%c. for Middling Uplands.
The total sales for forward delivery for the week are 371,100
bales.
For immediate delivery the total sales foot up this week
2,858 bales, including 1,168 for export, 1,690 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
jeach day of the past week— June 27 to July 3,
to
S-Oi'iS^
to*
1
•
5.
I
o.pB
^. a
'•
^:
^.|
^'3'^i
c9®i i-*®^
E^-"^
"wS"
•»
a:
1
^(
\JW
Ooo'b^
o
:
-1
I
—
I
a
S§-^
The speculation in cotton for future delivery at this market
opened the week under review with a buoyant feeling on
Saturday. Tlie bears had expected that the weather reports
for the week to appear on Saturday in the Chronicle and in
official publications would be very favorable to crop prospects,
and tliat lower prices would ensue but Liverpool, on the
—
M
:
\MJ
148.974
8,864
3,563
403
^-^S?
?:
16,002
5,538
iS^
69,287
6,769
6,416
4,373
6,929
Total 1891...
are
^.
am
None.
None.
None.
None.
None.
300
None.
25
followinK comprehensive table:
Leaving
July 3 o<-
«
1
1
(t-it*-
xc:
2
"^
X-]
ep:
i
"^
I
5
"
»
s.®;
to
o
XX cop xxcx
"^ xxoop XXOX xxox ooxox
66*6
ceo o
X thV' CO CDh•
QOQD
5"
—
*
o:CJ'
tCCOh-'^
I
sP;
XXCQO XQCOOD
^6*:^*
oicJi*c;<
I
aP:
I
XX
15
XX
60,
2
0:03
9."
XXCX XXOX XXOX
66*6to cJ'6*d,
66*6cc
X
XX ^
XX
2
o
XXCX
rf^05
UPLANDS.
in:on|Tae« IVed Tb.
Sat.
y
Ordinary
Btrlot Onlinary
Good Ordinary
Btrlot Good Ordinary
Low Middling
Strict Low Middling
5%
lb.
5%
5%
5%
5%
5%
63,g
63ia
63,,
71|6
77,e
63,9
Vila
63i6
7116
77,6
713,j
83,8
838
9ie
7i"
71ifl
V>
71*1,
8'i,
."
Middling
Good Middling
BtrlctGood Middling
Middling Fair
Fair
838
9>S
9»a
1038
lO'a
GULF.
838
9%
9iii
1038
lO-'e
l>
l>
83e
9l8
9<s
1038
lO'^e
Rlon Tnea
Sat.
Pri
v>
2»i«
838
9l8
913
1038
713i,
§«'«
838
918
912
1038
lO's
lOTfi
Wed
Tta.
opx
66
^^ lb.
63ie
6=8
7'3
6'ia
658
7>9
7^8
814
7''8
8>4
8%
."
Fair
8TAINED.
8U,e
Rlon Toes
513
eig
5I3
6I9
513
6i8
7
7
7
7'3i8
7i3iel 713,,
HAHKET AND
SPOT MASKET
CLOSED.
Monday. .:£asy
Tuesday.. Easy
A
steady.
Ex1,168
Wed'day Steady
Thursday Quiet
.
Friday.. .iQuiet
Total..
7 '8
8M
8M
8=8
8»3,e
8»8
8I4
8>8
813,6
7^
8"u
Wed
TIi.
Pri.
51a
5%
6l8
6%
7U„
71s,
6I3
7
713,6
SALES.
1,168
Con- Spec- Tran- _
sump. uPCn tit. Total.
,
789
308
306
184
96
C/TOi
ar;
I
-j-'l
"
OJM
a
X|
ox XXOX
XX
^^
•1^
o»to
I
5
2
ar:
cox
<JX
too
I
5'
XJC
5
COX
»
-j-j
0,05
2
^
00 CD
"^
a
;
I
a.^:
I
XXCX
X ox XXCX X
^-.•.*--1
,
X *x
I
c;>;;i
XX
op*.
I
a
5
a>
1^
xoo
XX
:
a
CJiQi
^
a.M;
1
I
66*10
giCJ
o
-J
XX
XX
tox
<
XX
en 03
CO
a
ar
XXCX XXCX X
XX
x6
tcx
I
tcx*x
'X
•
I
to
CO CD
66
s
I
(
-l-j*-.'!
O-.-l
I
coxcx
66*00
XX
XX
CdO
es
is:
XXCX
opop
XX
I
5
XX
5
;oto
2
''
ar:
xtcox
I
^
teto
o6
coto
ar:
I
XXCX
I
2
**
a
t
I
«:
0!
tfttccto
66*6
to
|*-C0
_
to
* Includes sales in Seyteuioer, 1.S90, for tjept«mber, 228.300; Septem oer-October. for October, 349,300; September-November, for Xovember,
382,700; September-December, tor December, 947,300; September,
January, for January, 2,-260.8<)0; September-February, tor February.
1,589,10(1; September-March, for March, •2.417.600; Septomber-April,
for April, 1,512,400; September- .May, for May, l,30?,90O.
The followmg e-xchanges have been made during the week:
SALES OF SPOT AKD TRAS81T.
port.
Batnrday Quiet
7'8
8I4
8=8
63,6
65s
71a
I
05
05
Fn
63,8
6=8
7>3
7^8
CO
ar
XXOX XXOX XXCX XXOX
6*
9»3
1038
lO'e
91
9»ie
9»18
9»i«
99l6
91B,8 9lS,e 91*16 91*
916,,
91*18
10i8,e lOlSi, 1013,e 1013,61013,6
._, 013,6
lll>H 11»!« llOis 11^16 116,6 |11°|>
Wlb.
BtrlctGood Ordinary
Low Middling
Middling
63,8
6'e
8l3if
Sat.
Good Ordinary
63,8
658
71a
I
2
"^
-j-i
txCJ,
aa
OOCD
Ordinary
Btnot Ordinary
600d Ordinary
Strict Gooil Ordinary
Low Middling
Strict Low Middling
Middling
..
Good Middling
Btrlot Good Middling
Middling Fair
ao;
,
Sales of
Futures.
1,957
103. .iOO
107
208
306
184
96
107
74.300
46,100
50.700
53,800
42,700
1,690
3,858
•12a-14pd. toex. 800 Aug. forSep
300 July for Aug.
200 Sept. for Nov.
400 Sept. for Nov.
•09 pd. to exch.
•21 pd. to exch.
•20 pd. to exch.
•08
•49
•06
•64
pd.
pd.
pd.
pd.
to
to
to
to
exch. 300 July for Avig.
exch. 2,200 Aug. for Jan.
exch. .NOO July for Aug.
exoh. 200 Sept. for Apr.
The Visible Supply of Cotton to-night, as made up by cable
is as follows.
The Continental stocks, as well as
and telegraph,
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (July 3), we add the item of exports rrom
371,100 the United States, including in it the exports of Friday only.
'
mE
26
tock at Uverpool
1890.
876,000
12,000
1889.
784,000
15,000
1888.
612,000
16,000
1. ,170,000
888,600
4.100
89,000
7,000
799,000
2,100
38,600
17,000
300
25,000
100,000
628,000
4.000
40,700
12,000
300
700
138,000
3,00C
61,000
7,000
8,000
'p»ooo
Total Great Britain stock.
Stock at Hamburg
4,700
112,000
23.000
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdara
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock atG=:-3.
Stock atTii38tc
400
200
8,000
242,000
9,000
105,000
9,000
.0,000
6,000
169,000
4,000
76,000
8,000
6,000
ToUlContmenUl
553,100
5,000
71,000
13,000
10,000
Baltimore...
838
902.700
97,000
98,000
16,000
247.412
43,376
2,1W2
PhUadelpUla
Augusta.. ..
8^
7%
2,338,572 1,590,696 1,441,991
1, 406.680
85,000
22.000
286,803
89.543
2,126
27,000
10,000
116,775
16,515
3,106
617,000
162,000
d1,000
180,870
14,393
431
451,000
158,000
98,000
247,412
43,376
2,192
American afloat for Europe...
8.5,000
United States stock
Dnited States interiorstocks..
Dnlted8tat«8 exports to-day.
286,803
89.543
2,126
545,000
230,000
27,000
116,775
16,515
3,106
1,762,172
958,396
925,694
999,980
235,000
16,000
173.100
130,000
22,000
331,000
12,000
119,300
160,000
10,000
267,000
15,000
120,300
98,000
16,000
161,000
16.000
116,700
97,000
16,000
919,000
380,000
bales.
Mtul Itulian, Braxil, <««.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, ic, afloat
Total East India, 4c
576.100
1,762,472
632,300
938,396
516,300
925,694
406,700
999,980
Memphis
^y The imports into Continental ports this week have been
70,000 bales.
Tlie above figures indicate an increase in the cotton in sight
to-night of 747,876 bales as compared with the same date
of 1890, an increase of 898,578 bales as compaired with the
corresponding date of 1889 and an increase of 931,892 bales
as compared with 1888.
AT THE Interior Towns the movement— that is the receipts
and since September 1, the shipments
week and the stocks to-night, and the same items
for the week,
corresponding period of 1889-90
followinE statement.
—is
set
for the
for the
detail in the
out in
7''8
Wednes.
713,8
7^8
715,8
7'3iB
7'8
7'B,g
73,8
7'3i«
7-'8
7''8
7'8
8
8
8
838
814
7^8
8
838
8I4
8%
7%
8%
7%
Z's
8
778
8
858
8^2
8J2
7''8
7 '8
8
7 '8
7 '8
8
8
8%
808
8i»
8=8
8»9
..
Sh
Louisvilie.
.
8ifl
8%
7^
8l2
The closing quotations to-day (Friday)
Southern markets were as follows:
Atlanta
8
Columbus, Ga
Columbus, Miss
Eufaula
7I3
Little
7 ''8
711*18
8%
HM
Hh
7%
r«
s
Louis
Cincinnati
Fri.
7^8
7'5,8
7'8
7'8
8
7'6ia
7'8
838
838
8%
8%
7%
ON-
Thurs.
Rock
7^ Montgomery
I
.
Nashville
7% Natchez
I
7'=,«
7 '8
at other important
714
7's
Newberry
7'''8
Selma
8
7%
Shreveport
7'4
7
7%a'8
Raleigh
From the Plantations. —The following table
the actual movement each week from the plantations.
Receipts
indicates
The figures
do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Bnally reaches the market through the outports.
Week
tUtitnn—
Mar
Receipt! at f Jk Pnrtt.
SVk at
1891.
1889.
1890.
83,082
80.996
27,303
80,621
16,412
13,423
38,413
31,708
26,092
22,878
18,449
18,056
33,508 112,695
31,131 l.«,781
1889.
2»..
7.890
5..
1890.
8.778
6,710
4,487
"
12.
6,188
4.885
"
"
19..
8,301
3.347
26..
1,961
3,301
2.477
2,281
July
3...
The above statement shows:
Interior Towns. Rec^pts
1.
1880.
1891.
from Plant'ru,
1890.
1801.
1,909
4,211
5
2,110
28,682 119,785
22,527 112,811
19,264 103,484
17,682 07,382
38
649
17,718
20.082
16,307
18 647
6,065
7,301
—That the total receipts from
the plantations since September 1, 1890, are 6,945,741 bales; id
1889-90 were 5,785,415 bales; in 1888-89 were 5,490,819 bales.
3.
That, although the receipts at the outports the past week
were 13.423 bales, the actual movement from plantations was
only 7,301 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 649 bales and for 1889 they were
84 bales.
—
Overland Movement for the Week and since Sept. 1.
a statement showing the overland movement
for the week and since September 1. As the returns reach us
We give below
o
M^o-^{»pB
= BW'aBB5^,i;S^®BC
5 c o- ffS C.2.CS B (o S^fw o E S
O?
E:
...
St.
June
2,238,572 1,590,696 1,441,994 1,406,6SO
Total visible supply
6i8d.
49, «d.
6hf.d.
Price Mid. Upl., Liverpool....
S^ied.
8380.
lligc.
12c.
lO>,kC
PrtceMld.Upl., New York....
B'-t
.
98,000
51,000
16,000
180,870
14,393
431
Of tbeabove. thetotals of American and other descriptions are as foliow?:
5
.
8%
E|tTPt,Brazil.4c.,afltforE'r'pe
Stock In United States ports ..
Stock In U. 8. interior towns..
United States exports to-day.
American
8
8
838
Savannah
Boston
Amer.cotl'natloatlorEiirope.
Total
8
715,8
7'8
713,8
Charleston.
7^8
8
7'a
713,8
7^8
274,7.0
^'''^^•^'-
Total American
Galveston...
New Orleans
Mobile
Tues.
Moti.
Satiir.
8
'^^^ ^'^-'^'^^
IndTa^'itrarac'r^Vopc: 1.30.000 160,000
I,lverpo«°8tock
Continental stocks
CLOSING QnOTATIOSS FOR MIDDLING COTTON
Week ending
July 3.
S
282,300
Total visible supply
—
Quotations for Middling Cotton at Other Markets.
Below we give closing quotations of middUnK cotton at Southem and other principal cotton markets for each day of the week
Wilmington
365,300
Vol. Lin.
[
Norfolk
stocks
:
CHUOiVlCLK
1891.
bale*. 1.1J*.OJO
Stock at London
—
.
...
P
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
This weekly
the principal matters of interest are given.
publication is of course svippleinentary to the more extended
monthly statements. The results for the week ending July 3
and since Sept. 1 in the last two years are as follows:
1889-90.
1890-91.
July
3.
Week.
Since
Sept.
Week.
1.
Since
Sept.
1.
Shipped—
xp«io><5»t0
woj'pwa^^Kiaccisajto^ootaMMaS
ft c^ (0
w X *- ©Vi bs^ M^ to to ci
pax»CdCSOOCdb*.
XX»0" OS*
xooo:
a
OOXkd. 00.
WM*.^;
»OOiUOtwO>iF.'XO#^:
;
*fc
rf^'cola
^So"qoS£
;
,^i*tow^tOM
;
CD ;;iVi Vjlo 0(Vi
Via
Via
Via
Via
Via
Via
Via
Louis
Cairo
,
CM
©-Ifc
Louisville
Cincinnati
other routes,
&o
Total i?ros6 overland
Deduct shipments —
Overland to N. Y., Boston, &c.
464
55
307
400
2,691 1,417,678
7,676 1,603,817
Between Interior towns
Ac, from South
Inland,
528,961
311,521
58,788
20,730
123,528
215,338
158,812
2,620
138
1,403
370,863
807
111,417,
106,947
87
1,061
355,940
56.665
118,615
•
W «• 00 W to - 00 4» 03 ». ^ »] !S S £ O »
X Sf £ ® "S O 2 W W KO b> x"©"-' '» 10 ui'o
jt.
c r* &
'
4,161
589,227
1,955
531,220
736 886,458
Leavingtotai net overland* ..
3,515!l,0I6,590
* Including movement by rail to Canada.
The foregoing shows that tlie week's net overland movement
this year has been 3,515 bales, against 736 bales for the same
week in 1890, and that for the season to date tlie aggregate net
overland exhibits an excess over a year ago of 130, 132 bales.
'
QDtOOk.'
^ »i
I46,677i
Evansviile
1,445
woikMo^tiaoKj:
S
^ kc
276
Hannibal
Total to be deducted
5 1-
1,174
1,019
661,220
298,135
85,262
27,292
207,931
179,300
4,069
1,138
St.
<..
ex
1889-90.
1890-91.
In Sight and Spinners'
Takings.
Week.
a. It. •.MX
Receipts at ports to July 3
Net overland to July 3
10
Southern consumption to July
— >»U'
cctotocdO);
a-ciQ©.
''Hi
I
J
WUjK
I.
COM* -JMMI-k
wto^-j* tfe-lM>
tox
MtO
Louisville Hcnres "net" In liotli years
Last year's flrures are for Oriffln.
This year's flgures estimated.
The above
Came
at
the same to«ns have been 4,218 bales
more than the gam
•re
7.)., 831 l>ales
more than for the same time
Total marketed
Interior stocks In excess
into sight during week.
Total in sight July 3
show that the old Interior stocks
hav^
deorea»e<fdurmg the week 3,.560 bales, and are
to-night 73 038
teles more than at the same period last
year. The receipt's
totals
in 1889-90.
3..
Since
Sept.
T^«**
1.
23,938
•6,122
730
6,000
83,749
!
8,489,331
886,458
472,000
9,017 7,138,685
•1,632
5,18*
8,405,58'.;
17,816
^p'r*!.
2.281 5,780,227
13,423 6,861,992
3.515 1,016.590
7,000 527,000
7,383
7,143,87.^
North'n spinners ti«k'gs to July 3.
1,937.3271
I,73M3S
Loss In stock during week.
It will be seen by the above that there has come into sight
during the week 17,816 bales, against 7,385 bale.-* for the
sara«^ week of 1890, and that the increase in amount in sight
to-night as compared with last year is 1,345,458 bales
..
July
l
iWfi
THE
i
CHROJSlClJi
27
Weather Reports by Telegraph.— Telegraphic
reports and ninety-five hundredths. The thermometer has averaged
from tlie South to- night denote that as a rule cotton is 88, ranging from 65 to 99. During the month of June the
rainfall reached six inches and forty-four hundredths.
growing finely. lu a few districts rain would be of benefit.
Selma, Alabama.— The weather has been clear all the week,
Galveston, Texas.— It has rainetl moderately and just a»
needed on three days of the week, the precipitation reachiD^ and crops |iire needing rain badly. The thermometer has
The thermometer ranged from 69 to 96, averaging 83.
tliree inches and thirtv-uiue hundredths.
Auburn, Alabama. All crops are doing well and farmers
has averaRcd 80, the highest being 90 and the lowest 69. June
are in good spirits. The weeli's rainfall has been five hunrainfall three iuclies and tifty-two hundredths.
Palestine, Texas.— We have had dry weather all the week. dredths of an inch. Average thermometer 81 °8, highest 94'5
The thermometer has averaged 78, ranging from 68 to 93. and lowest 67.
Madison, Florida. Crops are looking well. There has been
Rainfall for the month of June two inches and twenty-seven
rain on two days of the week, the rainfall reaching one inch
hundredths.
Huntsville. Texas.— Cotton is growing nicely. There has and twenty hundredths. The thermometer his averaged 74,
been rain on one day of the week, the rainfall reaching seven- the highest being 98 and the lowest 61.
Auffusta, Georgia. The weather has been warm, with light
teen hundredths of an inch. The thermometer has ranged
from 68 to 96, averaging 78. During the month of June, rain- rain on three days df the week, the rainfall reaching fortytwo hundredths of an inch. The condition of cotton, all
fall one inch and fifty-nme hundredths.
Dallas, Texas.— We have had light rain here on one day of drawbacks considered, is quite patisfactory. Average therin
parts.
Cotton
some
mometer 83, highest 98 and lowest 67. Rainfall for June
the week, but there have been good rains
four inches and forty-seven hundredths.
is growing nicely. The precipitation reached nine hundredths
Columbus, Georgia. Rain has fallen on two days of the
Average thermometer 84, highest 98 and lowest
of an inch.
of
an
inch.
hundredths
ninety-one
week to the extent of two inches. The thermometer has
Rainfall for June
70.
Son Antonio, Texas.— It has rained on one day of the week, averaged 84, ranging from 78 to 94.
Sarxinnah, Georgia. It has rained on two days of the week,
just as needed, the precipitation rraching eighty hundredths
the rainfall reaching fourteen hundredths of an inch. The
of an inch. Some cotton is opening. The thermometer has
averaged 84, the highest being 94 and the lowest 68. June thermometer has ranged from 70 to 93, averaging 83.
Charleston, South Carolina. Rain has fallen on two days of
rainfall two inches and three hundredths.
the week to the extent of one inch and thirty-five hundredths.
Ltiling, Texas. —Rain on one day of the week has been of
great benefit, but more is needed. The rainfall reached eighty The thermometer has averaged 82, the highest being 95 and
hundredths of an inch. The thermometer ha^ averaged 81, the lowest 71.
Stateburg, South Carolina. We have had rain on two days
ranging from 68 to 100. Rainfall for the month of June
of the week, the rainfall reaching eighty-seven hundredths of
eighty-nine hundredths of an inch.
'The thermometer has averaged 79, the highest
Cci^mbia, Texas. There has been rain on two days of the an inch.
week, doing much good to cotton, which is developing finely. being 95 and the lowest 68.
Rainfall one inch. The thermometer has ranged from 72 to
^'ilson, North Carolina.
It has rained on one day of the
During the month of June rainfall two week to the extent of twenty-three hundredths of an inch.
94, averaging 83.
inches and twenty-one hundredths.
The thermometer has ranged from 68 to 90, averaging 81.
Cuero, Texas. It has rained on four days of the week,
The following statement we have also received by telegraph,
greatly benefitting crops. Early cotton is opening. The pre- showing the height of the rivers at the points named at 3
cipitation reached one inch and thirty-seven hundredths. o'clock July 2, 1891, and July 3, 1890.
Average thermomether 80, highest 100 and lowest 60. During
JtUy 2, '91. July 2, '90.
the month of June the rainfall reache* four inches and nineto U8
—
—
—
—
—
—
—
—
—
—
Feet.
teen hundredths.
Feel.
8-7
10-5
New Orleans
Above low-water mark
Weatherford, Texas. Cotton is blooming and fruiting. Afemphls
18-4
Above low-water mark.
190
4-1
days
2-8
of the week, and has been of Nashville
Rain has fallen on two
Above low- water mark
16-6
10-6
Shreveport
lowmark.
Above
water
The
rainfall
reached
much benefit.
seventy-three hundredths
2j-6
28-2
Vloksburg
Above low- water mark
of an inch. The thermometer has ranged from 60 to 98, averaging 79. During the month of June the rainfall reached
India Cotton Movement from all Forts.— The receipts
three inches and sixty-three hundreths.
and shipments of cotton at Bombay have been as follows for
Brenham, Texas. Cotton has been much benefitted by rain, the weet and year, bringing the figures down to July 3.
which has fallen on two days of the week. The week's rainBOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
fall has been seventy-nine hundredths of an inch.
The therShipments this week.
Shipments since Jan. 1.
Beeeipls.
mometer has averaged 84, the highest being 98 and the lowest
70.
During the month of June the rainfall reached three rear Oreat Conti- "»'<»
Oreat
This
Since
Conti_
Total.
Brifn. nent.
Briiain nent.
Week. Jan. 1.
inches and twenty-six hundredths.
Belton, Texas.— We have had dry weather all the week.
1891 2.000 8.000 10,000 93.000 855.000 948.000 19.000 1,715,000
The thermometer has averaged 84, ranging from 71 to 96. 1890 3,000 15,000' 18.000 325,000 989,0001 1,311,000; 14,000 1,824,000
4.000 4,000 319,000 802.000 1,151,000 17.000 1,601,000
Rainfall for the month ot June one inch and twenty-one 1889
1888
5.0001 5,000 198,000,580,000| 778,000i 12,000l 1,339,000
hundredths.
iVewj Orleans, Louisiana. —Rain has fallen on one day of the
Shipments for the week.
Shipments since January 1.
week to the extent of two hundredths of an inch. Average
Oreat
—
—
,
thermometer
83.
Shreveport, ioutsiaMa.— Rainfall for the week thirty-nine
hundredths of an inch.
The thermometer has averaged 83,
the highest being 97 and the lowest 69.
Vicksburg, Mississippi.— Telegram not received.
Columbus, Mississippi.—
have had no rain all the week.
The thermometer has averaged 83, ranging from 60 to 98.
Month's rainfall four inches and seventy-nine hundredths.
Leland, Mississippi. There has been rain during the week
to the extent of one inch and seventy-six hundredths. The
thermometer has ranged from 63 to 95, averaging 80-3.
Month's rainfall six inches and three hundredths.
Meridian, Mississippi.— Telegram not received.
Clarksdale, Mississippi.—
have had rain on two days of
the week, the precipitation reaching two inches and thirteen
hundredths.
Helena, Arkansas.—
have had one good rain during the
week and crops are growing finely. The rainfaU reached seventy-two hundredths of an inch. The thermometer has averaged 87, ranging from 63 to 96.
Little Rock, Arkansas.— Telegram not received.
Memphis, Tennessee.— There has been hot, forcing weather
<iunng the week, with rain on two days as needed, and crop
advices are quite favorable and improving.
The precipitation reached one inch and seventeen
hundredths. The thermometer has ranged from 66 to 97, averaging 83. During the
month of June the rainfall reached four inches and seventyrour hundredths, on thirteen days, and the
thermometer ranged
from 65 to 97, averaging 80.
We
—
Nashville,
^m
Tennessee— There has been rain on three days of
the week to the extent of sixty-six
hundredths of an inch,
thermometer 76, highest 93 and lowest 59.
wli^,®
Mobile,
Alabama..— Crop reporte are excellent.
It has
mned on two davs of the week, the rainfall
w«n hundredths of an inch. The thermometer reaching fourhas averaged
»^, the highest being 96 and the lowest 70.
During the month
or June the rainfall reached
eight inches and nine hundredths.
"%"»«'"y' ^^labama.—lt rained on two days in the early
„„f of the week,
part
doing much good. Crops of both com and
cotton look very promising. The rainfaU
reached twD inches
Continent.
Britain,
Oalcatta—
1891
1890
Total.
1,000
5,000
Oreat
Britain.
1,000
5,000
Continent,
Total,
18,000
24,000
44,000
84,000
62,000
108,000
4,000
6,000
2,000
5,000
6,000
11,000
Hadiaa—
1891....,
1890.....
others—
A.U
1891...
1890...
3,000
6,000
4,000
3,000
10,000
22,000
32,000
13,000
24,000
35.000
56,000
3,000
6,000
1,000
9,000
4,000
15,000
44,000
62,000
59,000
113,000
103,000
175,000
Total aU-
1891
1890
EXPORTS TO EDROPE FROM ALL INDIA.
We
We
,
1891.
1890.
1889.
Shipntents
to all
r
Europe
from,
—
Bombay
A.U other ports.
Total.
This
week.
Jan.
10,000
4,000
948,000
103,000
Since
1.
This
week.
/Since
Jan.
1.
This
week.
Since
Jan. 1
18,000 1,314,000
15,000
175,000
4,000 1,151,000
125,000
14,000'l,051.0OO| 33,000;1,489,000
4.00011,276,000
Alexandria Receipts and Shipments.
—Through
arrange'
Messrs. Davies, Benachi
Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
ments
we have made with
&
Alexatutria, Egypt,
July
1.
Becelpts (oantars*)
This week
Since Sept. 1.
1890-91.
1889-90.
2,000
4,015,000
1,000
3,163,000
2,705,006
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
This
/Since
week. S^t. 1.
1,000 282.000
1,000 263,000
159,000
i',oo6
l,00o!422,000
1,000 380,000
1888-89.
Exports (bales)—
To Liverpool
To Continent
'
l.OOOj 230,000
Total Europe
2,000 512,000
A cantar Is 98 pounds.
229.000
195,000
«
—
«t
.
.
IHE
28
:
.
CHROJNlClJi.
[Vol. Lin.
The tone of the Liverpool market for spots and futures each
ca^l^ to-mgh
Manchester MARKET.-Our report received byHrm f?5J>oth lay of the week ending July 3, and the daily closing prices
is
martet
the
from Maochester states that
more freely froni the of spot cotton, have been as follows:
and
^8
SS We
Orders are coming
leave those
give the prices for to-day below, and
comparison:
to^prfvion- w«.ks of this and last year for
shirtings.
1890.
18S»l.
8H
32» Cop.
lb».
Shirliiigii.
laisl.
a.
CoU'n
Mid. 32s Cop.
Twist.
Vplds
.
<1
8.
(1.
'KT
4%
d
My.29 71a »'7'b 5 10 a6 10
4=11
J'ue& 7li« »7>'i 5 10 •96 10
«7i« 5 9»a*6 919 4=8
" 12 7
<•
19 6i»i«»7'i« 5
" 2li •tV "Te 5
»7..i5
Jnly3 •?
-SB."? ..
«6
'36
*6
9
9
9
9
9
10
a.
...
4
6 4
S'le-'Siii
4
S'l.aSii.R 6
4-'..-
Vpld$
6%
m
6%
buvers' Steadier.
Harden'g In favor.
4»i«
49,8
12.000
2,000
15.000
2,000
vlld.npl'ds.
Bfl«y al
)
receipts,
for the
1,
de-
l-(i4
1:45 P. H.
to Jdly 1.
Cotton Co:<8Umption and Overland Movement
—Below we present a Bynop^s of our overland movement,
montB of
exp.rts, spianers' takings. &:., for the
49] 8
4Sia
.
10.000
1,000
12.000
1,500
Steady.
lJ!4de-
luturei.
Market,
Market.
4 P.M.
Steadj
Freely
In buyers^
favor.
offered.
vanoe.
Strong:.
Quiet.
49,8
49,8
10,000
1,000
10,000
1,000
Easy at
at
2 84 ad-
cUne.
67,
nil
for t^n nionihs of the season to July
years 1888-W. 18-9 9 'and 1890 91:
basines^
doinR.
5
)peo.<&exp.
6^16
6H1
61,6
413
87
June and
Good
)
lales
a.
a.
6 SJ^'*?
6 i^n.7
8'i««8i3i« 6 4is»7
l:45 p. M.
Friday.
Wednet. Thurid'y.
Mill.
8.
gia »8''8
81s aS's
6
4»i«
41a
lbs.
Shirtings,
a.
d.
Market,
Coll'n
8H
SaturOav Hotuiay. Tuesday.
Spot.
steady at
Easy.
partially
1-01 adv.
Steady.
Firm.
oline.
Steady.
Steady.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands. Low Middling clause, unless otherwise stated
t^r The prices are given in pence and 64(A. ITiits 4 63 mea n »
4 63-64d.. ami 5 01 means 5 l-Bld.
.•
1339-90
1890-91.
bales
OTO88 overlana for June
6ro88 overlsiia for 10 months
JTet overland for Jnne
Ket overland for 10 montlie
Port reo«-lpt« In June
Port receipts lu lOmontha
Exports In June
Exports In 10 ujontbs
Port stocliB on June 30
Northern siiinnera' takings to July 1...
Bouthern spinner"' takinas to July 1...
Overland to Canxda for 10 months (Included In net overland)
Burnt North and South In 10 montlis
BtookatNorth'nlnt-^rior markets July 1.
.
Oameln siKbtdm-intr June
Amount of cro|t in Rticht July
1
Avera^te weight of bales
l!<83-8s»
14 658
15,711
42,345
1,601,970 1.415,9i0 1,416,h68
8,T81
5,174
20,885
889.934
8?5,''28
1,0 15,8 SO
18.102
25.211
101,834
6,85^,884 ,5.778.792 5.488,603
90,9 14
6),151
176,771
5,648,500 4.808.797 4,614 600
2»9,422 12H.970 200,933
1,935.014 1,730,823 1,693 020
470,000 455,0J0
5:i3,000
50,104
54,069
5.628
5,510
4.774
4,394
3079
4S,385
32,994
111,219
8,482.264 7,141,320 6,835.687
496-571
496 13
.=50236
61,384
9,10-1
Toial bale»
Mbw York— To
Liverpool, per stpanien' A^noka, 1.721
Noujaaic.
.
City of Cl,e-ter. l.M'^O....C.ty of Cbieago. aO
2.1 15 .. I uibj-ia. 1»«
To lliill. iie,^ Bi'aiuer Colorarto. 175
To liav.e pir sii'iimerLiBrelagnp, 2^4
To hruuieii. pel steamers AUer. 45d....K.ai er Wllbelm. IL,
.
.
6,951
1"5
254
50
To Hamburg. p<T Btfamfr Russia. .50
To Anvwer,,. er Mrauier- F leBlaiid. 62 ...Peunlaud, 325..
506
,^(>
."IST
i
To Geiioa. per Kteamei- Wa8bing,0'<. 'J.081
To Yok'ilt&iua. per h eauier l>ora Fit ter. 60
To Kiiue pi r ^tl Hiutr Dora Fotter. I,b99
Ouli^ann
— lo
JaiiiHlouii.
T©
i..iverpool,
2,0r<l
279
Down, 549
>
549
...Pavonia,
V
rgiiilan. 1.49.i
Yiiriiiouiu. per eteauier Bo-.toD. 10'
3,319
100
892
•
FHlLUiEi.i'UiA— To Liverpool, per steamer Briibb Prinoe, 8»2.
27,983
Total
Ootton
fr«i,^ht,R th*»
Do
Mon.
Tuu.
'3i
Ssj
\i
....
.•••
latedebv'y.a
Bavra,
Do
«
-^-^
—
•
'!»
sau
e
Indirect
Anut'd'm, atMun .c
Do
Do
sail...
'.IS
'ss
....
....
ha
»sa
*32
• ..•
....
27
..d.
.--,
7„
•32
^
....d.
hi
....
....
.-
lDdlr«ot..a.
Bcval, MMUi)
»39
»32
Hambnrg.simn. d
Do via IndlrnuLd
'sa
ITednM. Thun.
....
...
Bremen, suwni
Do
onst <vt^k havo heen H« follows:
Hatur.
UvarpooLateama
—
V
>«
...
»st
'm
...
»an
...
»ai
«S»
frx
»S9
hi
27V
27ii'
....
27V
.-..
V
27
27
V
.-..
....
--••
....
>i<
»ie
»1«
»1«
8l.
»1«
....
....
....
Ban)elona,it0am d.
e«noa, iteam .. d
Trieste, steam
d.
H
>t
*«
H
H
^
•m
»sa
»»j
»S3
»»9
»S2
»^M
13 4
"8*
>8m
Antwerp. .t,.»n fi
« Per 10« lh«.
'm
««4
'4
»«4
»«4
"«
"64
_
"64
liivwipoou.— By cable from Liverpool we have the following
iMementof the wnok'g nalrnt. stocks, ftn.. at that nort
Jun«ig
June 26
Bale* of the wnei
Julys
bales
43.03C
50.000
52.000
87.noo
Of wtalob ex|H>rter* took...
3,300
2,6,»0
l.flOO
2.4' K)
Of wblob aimKUlators took.
2,100
6.21(0
2 400
8„50<i
alee AmerliMiH ................
37,00<l
44.000
45.000
78.000
Autaal exiKirt
..-....,...„,
4.000
7,000
5.000
6,000
Forwarrtefl
56,000
52.000
53.000
63,000
Total sbH^k- Estimated
1,194,000 1,170.000 l.lfi (.000 l.l.M.OOO
Of wtaiota American— EatimM 9 5.000 944.000 1)33.000 9I9.U0"
Total Impor o) tbe week
5«.00<;
33.000
61.000
61.000
Of wblob Amertoan.....
Anunmt
afloat
O' »^*p' »',«Hniin_
47.00C
80,OtO
55.0IO
d.
4 33
4 33
4S2 433
4
82
32
4 33
4 32
4 32
433
4 32
133
38
38
42
42
45
16
50
4 39
4 39
438
4 38
4 38
4 42
412 4 42
4 42
4 46
4 48
4 61
4 42
4 63
Jan.-Feb
Feb.-Moh... 4 55
4
145
4 48
Alan.,
Open High Low.
438
4 42
4 46
4 4S
150 4 61
53 162 4 63
4 65
4 55
4 65
d.
4
4
4
4
Low.
Clos.
d.
d.
d.
d.
4 81
128
128
132
132
138
.
412
4 45
4 47
Deo. -J an
Jan.-Feb.... 4 40
Feb.-Mcb... 151
.N'ov..Dec...
131
40
4 43
4 46
4 39
4 42
4 38
4 38
4 40
4 40
4 42
4 44
415
417
4 is
4 48
4 61
4 4;
4 40
4
4 49
4 52
419
151
Open High Low. CUn
d.
d.
d.
4 31
4 31
4 80
4 30
4 31
4 31
4 28
4 28
4 28
4 31
130 131
128
428
4 3;
4 36
4 37
4 34
4 31
ri.
d.
4 33
4 33
4 37
4 37
4 82
4 33
182 4 33
138 4 37
4 38
133 4 37
138 139 138 4 39
111 141 4 41 411
113 4 43 4 43 143
145 115 4 44 4 45
4 47 448 117 4 47
4 43
418 416
lis 147
161 4 60
11«
148
160
4
4 33
4 39
133
137
4 38
4 37
4 41
4 44
4 46
4 43
4 50
142 411
31
4 44
July 3.
Open Hi^h Low.
d.
d.
128 130
4 23 130
4 33 134
4.'!3
131
4 35 4S8
128
128
132
132
136
4 33
4 36
4 35
d.
123
128
428
434
134
188
138
111
114
4 38
4 38
d.
128 4 28 128
128 4 28 123
d.
128
127
28 127
FrI.,
Olos.
d.
d.
134 4
4 37
4 41
4 41
Open High Low.
Hiiih
4 36
4 39
Clos.
June 30.
(t.
Thurs., July 2.
rt.
138
Tnes.,
138 4 37
110
140 110
4 40
110 140
411 141 113 4 44
146 147 lis 4 46
lis 4 49 118 4 48
161 151 150 4 61
163 164 4 52 153
Open
Aug.-Sept.. 4 34
September., 4 40
Sept.-Oct... 4 40
Oot.-Nov_
31
31
81
37
4 37
Wed., July 1.
4 32 4 32 181
July
July-Aug... 4 32 4 32 4 31
4 8U 4 30 4 36
August
June 2».
137 140 4 37
139 4 42 4 39
141 4 44 411
4 13 4 48 143
lis 4 48 415
Clos,
d.
180
ISO
131
131
188
138
110
4 42
111
iia
lis
Mcb..Apnl..
6
imr Ht«amers Kansas, 1,54
Livi-ri«<iii,
d.
NoT..Dec... 4
BREADSTUFF S.
6,710
4,050
'"o'lnty
Clos.
d.
d.
Sept.-Oct... 4
Oct.-Nov.... 4
Dec-Jan
June 27.
Open High Low.
June-July... 4
July-Aug... 4
Angnst . . . 4
Aug.-Sept.. 4
September. 4
...
2.T60
steamer Erl King, 4.050
HORFOLK— To Liv*rpoul, perHieamer
To
—
1,899
per steaujeiu Inventor, 3,950
Breineti. per
BosiUN— Ti'
June. ...
—
lNbwb.
The exports of cotton troiu tne Unitei
States the past week, as per latest mail returns, have reacher
27,98J bales. So far as the Southern ports are concerned, thesMe the same exports reported by telegraph and published ir
the Chronicle last Friday. With regard to New York w,
include the manifests of all vessels cleared up to Thursdav.
HJiilppiftu
MBW
8at.,
26.000
lOO.OOO
33.000
80,000
70.O<i0
55.1,00
Friday. July
3,
1891.
The Produce Exchange was closed to day, and therefore
our review is endod with Thursday's business.
The market for wheat has been more active, but the larger
volume of tr^de is due wholly to the lower range of prices
which hoi lers wern, by the cheaper prices of wheat, induced
The depresaioa was most marked in the products
to accept.
Tue buying was in goo 1 ptrt for export,
of spring wheat.
m
of many orders
the lower prices penuitting the executi
pending for some time, and the concession wasfrouil0toiJ5c.
per bbl.; but yesterday the turn was strongly in favor of
sellers, with brisk buyitg by tne local trade.
The wheat market opened ihi week under review with a
feeling of much depres-ion, due to favorable prospects fort'-e
report of the partial
next crop and weak foreign m4rk,-ts.
failure of the Russian crop had but a mimentary effect. The
lower prices brought in buyers to cover contracts, giving
rather more 8teadin,'88 to values, to which the dearer prices
There has been a fair business
of coarse grains contributed.
for export, and the sales on Wednesday included No, 3 hard
winter at $1 (i2^ and No. 1 Northern sprijg at $1 OSV^, all to
arrive. Yestera y the market was buoyanr., and much of the
decline early in the week was recovered. Firmer foreign advices brought in the bears as buvers to cover contracts, and
there was fair purchasing for export, including No. 2 spring
at «1 031,^® tl i'i%.
DAILT OIXMQia PBIOBS or HO. 3 RBD WIHTBB WHBAT
Thun FH,
Sat.
Uon. Tuet. Wed.
100% lOnlg looas 103
o. ni
July aelivery
9Hia
t6'«
9 Is lOOis
o.
AUKUBt aelivery
967s
9'.»1
95'«
0.
96
9Ma
9b%
Sepiemher aelivery
ft'iis
9rtis
99%
96
97
0.
Oi'toberaellvery
A
It"!' very
Dec"miier aeUvery
lanuary ilelivery
November
May delivery
o.
o.
v.
0.
9659
9718
96%
97%
97H
96^
97%
9738
9838
98 »g
102
98 "i
991
101=8
1021a
IO1I3
10038
101
101 =8
IO514
o
H
Indian corn has advanced. Tne deficiency in current supplies here and at tne West, togetier with a gond home trade,
with a lairexpiirt demand (when prices are not too high), led
to buying to cover contracts, on which prices mate a smart
The piospects for the next crop continue very
41.000 advance.
50,000 good, but no considerable supplies from toat source can be
30.000 txptcted before November
euou^h. however very soon.
:
—
.
.
Jolt
THE CHRONICLR
1891.]
4,
—
to put some check upon the call from the
South upon the West. Yeaterilay there was renewed buoyancy, on scarcity, but the regular trade was dull, at OH^ ®
too, probably
09o. for No. 2
mixed
Staple cottons have been generally quiet. In brown sheetings and drills, bleached shirtings and wide sheetings, a
number of orders have come forward, but they have as a
rule been for small-sized lots. The price of " Pride of the
West" 4-4 l)Iea<!hed has been made 113^ cents per yard and
of "Fearless" 4-4 bleached, an<l several similar grades, 7
cents per yard. There has been little doing in other domestics,
plain Of colored, beyond supplying a hand-to-moiith demand.
All seasonable printed fabrics and ginghams have been inactive at first hands, but in steady distribution by jobbers. A fair
business has been recorded in fall print:*. Prices, as already
noted, are without material alteration from last season,
which, as it costs more to print fall styles than spring, is
some advantage to buyers. Fall ginghams and wash fabrics
are well under order and steady at opening prices. Print
cloths remain without change in price, but fair sales have
been reported for spot and future delivery up to|and including
August at 2 15-16c., less one per cent, for 64x84'8 aad3 9-16o.
in elevator.
D^iLT OLoauto PRion or no. 8 hixbd oorn.
Sat.
Mm. fUM. Wtd. r*».r».
6538
63
64 H)
60^
eva
Jnlydnllvpry
o.
SS'a
60
61 '8
o.
S8H
62«s
AiiKOHt delivery
5788
59 Id
&B<«
60%
B(>pt(iml)or ilollvery
o.
Hd-'a
56
59
57
....
o.
October (lolivory
58>fl
53 '4
.53%
o. 54
52\
peccmber dellviTj'
i
n
Oats opened much depressed, but rallied, and on Wednesday became quite buoyant. Apparently the market had been
over-sold by the bears; besides, this staple sympathizes very
fully with corn. Yesterday the market was again buoyant for
and regular trade
early deliveries, with the speculative
alike
active.
July
dell very
DAILT CLOSIHO PHIOBa OF HO. 8 MIXBD OA18.
Sat.
Mon.
Wed.
Thurt.
Tue:
S?"*
38
40
o. 37 M
40%
AaKiint delivery
Beptemlior delivery
Rye
0.
«.
3514
3414
33'4
SS's
3iH
nominal on the
36>3
3414
SSifl
tYi
for 56x60's.
.
.a
oa
37>4
3414
1891.
Block of Print Oloth$~
June 27.
Held by Providence manufaoturers. 456,000
Fall River manafaoturera
450.000
OutBtde speculators (est)...
None.
K'^
entirely
spot, but is quoted at 7y
75c. for autumn delivery.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
rLOCB.
Fine
$5 OOsifS 2r>
9 bbl. $3 35»»3 85 Patent, winter
Baperflne
3 80a 4 20 City shipping, extras. 4 90/»
15
Extra, No. 2
4 109 4 35 Rye floor, superflne.
4 509 4 85
Extra, No. 1
4 40« 4 75
Fine
3 85i» 4 10
is
O
."i
4759 495 Com meal-
Clears
BtralKhtA
Patent, spring
4 859 5 00
5 009 5 40
Western, <hc
3 30» 3
........
Brandy wine. ....... 3 753
0.
c.
Spring, per biuti... 98 «1 10
Red winter No. 2.. 1 05ifl»l 07
Red winter
98
.100
.
White
Rye—
Weatem, per bush
Btate and Jersey .
.
Barley
80
82
Malt-
91 10
®108
•
«
83
85
I
Total stoolt (pieces)
1890.
June
1889.
28.
June 29.
388.000
86.00P
15.000
87.000
8.000
None
900.000
489.000
95.000
demand for men's- wear woolens
DOMBSTic Woolens.— The
heavy makes has been indifferent, and agents have done
more in these in filling back orders than attending to current
transactions. In new spring woolens and worsteds some fair
orders have been placed for leading makes, as well as for
union and cotton- warp cassimeres for future (ielivery on the
50
in
oasis of previous prices,
but the wholesale clothing trade
holds aloof in a great measure. Next week the display
of new goods will be complete, and buyers are expected to
operate more freely. Overcoatings and cloakings were in indifferent request, but a moderate outward movement was
noted on previous transactions. For satinets there were occasional orders up to the average, but doeskins and Kentucky
jeans are still sluggish. Flannels were quietly firm, and
blankets without special feature. Agents were busy pressing
forward deliveries of all wool and worsted and cotton- warp
dress goods in fall styles, and a moderate but steady current
demand was also recorded for these. Stocks of light makes
are very small, fall production is well under order and prices
are firm.
still
QRAIH.
Wbeat—
29
Com, per bnsh.—
«
West'n mixed
W'nmtx. N0.2
6813 a
Weflt'n yellow
67
Western white
73
Oat« -Mixed.. y ba.
White
No. 2 mixed. ......
90 n 92
No. 2 white
95 ® 97
Canadian
.100 '9105
For tables usually Kiven here see pase 12.
State. 2rowed....
State, 6-rowed
67
40
43
41
70
69 >«
9 70
»
•
»
9
75
42I9
4314 9
55
42
45
f
THE DRY GOODS TRADE.
Foreign Dry Goods.— Business at first hands in imported
dry goods has been of limited extent, buyers showing no disThere has been but a moderate amount of business passing position to take hold of anything beyond what is necessary for
at first hands during the week. The number of buyers in the immediate requirements. Stocks of leading lines of imported
market gradually fell off as the week ended and the Fourth fabrics are much reduced from what they were a few months
approached, and few were noticeable yesterday and to-day. ago, and prices are very steady, except for some specialties and
At no time did their operations lose the cautious character fancies peculiarly subject to fashion's changes.
which has been the prevailing feature so long, and even in
Importations of Drr Goods.
fall prints and ginghams their purchases were comparatively
The importations of dry goods at this port for the week
moderate. Salesmen on the road, judging from the orders
coming to hand daily, have had belter success, such orders, ending July 3, 1891, and since Jan. 1, and the same facts
with others from customers direct, have kept matters mov- for the corresponding periods of last year are as follows:
ing in dark-printed and woven fabrics fairly well. Business
in domestics has in nearly all instantes been for immediate
o
a
wants only. Further revisions in bleached shirtings were
2g
S Is
announctd during the week, where no changes were made
O Ba
O'. a
§: §
when other makes were revised some three weeks ago, but
§•
8.
buyers still defer placing their orders for fall supplies. The
5
§:
g=
g;
prices of fall prints were made also, and are practically
unchanged from last season, being on the basis of 6
iiif
cents per yard for leading fancies. In woolens, new spring
styles have been generally shown at about last year's
prices,
but results so far have been indifferent. Jobbers have retou
to to
CO CO f^ CO 00
00
OS O Ci
01 1^ 0> CO
too a M - to o
1:?
ported an ordinary business passing in regular store trade,
OS CD
CD OD oi 03
a
gi
qs 10 to
«05r-CB31
<?^
last week s clearance sales having disposed
of a large iiuantity
l-'OOM<|
osm
or goods at low prices. Reports of business
from Western
to M O CO N
pCSCOOO VF
sections of the country continue encouraging
pQOtooCn^ &
and some imosos'^m'o
provement 18 noted in the South, and collections are fairly
£
O'
O .^ CO
ooDMoiai
tO*»t0^i-'
*
aiOiXODQO
regular. Agents are looking for greater
activity with the
coming week, and as stocks are generallv in fair shape and
COM
COM
0,6.
prices steady, buyers may conclude to put
forward their regular fall demand without further delay.
rOQO
O" ^J OS M Oi
Toco COOi^-'OlO
0.t-0:D-j
to CO yi o to
M
to
'O
coco
#^acD — co
to -J QD X -)
OOM^Tio COTTON (J00D8.—The exports of cotton goods
rrom this port for the week ending June 30 were
lOM"1,963
MM*-10;J
MMCOMO)
C» X CO ^- »
packages, valued at |13;^,447, their destination
being to tne
coVi'oMcn
Mrf^loboo
OS -3 CO *MM
pomts specified in the table below:
to C< OS
OOMOD-q.j
tf»-^OiQ0Xi
QDGDWOUOS
OMlO*kM
#.to
csbii'aco
--iMcobob
to
'- OD X) M
CO
MM M
1891.
«SM*.tOtO
1890.
'^ to CO
Nbw Yoek to June 30.
00 0) Ci
OCdCOiCS
0:0 to (^ OS
Nbw
York. Friday
P. M., July 3, 1891.
i
I
:
:
:
I
:
'.O
1
-c^
-J*
'.o
»i-
CJt
'X>
•kI CJD
CXi
'.D
if^
Week. Since Jan.
Great Britain
Other European
33
H04
103
Vi?"
India
^bla
Atrtos
West Indies
2,211
450
79.3
111
4.31!)
.j,077
2,4,54
7.0-il
1.8-^0
1.
Week. Since Jan.
142
15
1,735
271
206
321
228
64
226
539
23
H
309
Central Ainerloalll"'
171
122
661
15,66-.^
78
1.388
1,963
124,917
12,915
3,770
1.963
137,832
iwlnts direct.
3,770
Mexico
South America
Other oonntries
Total
* China, via
Vancouver!!!
Total.
4.752
1.
2.971
1,004
19,633
1,597
4,119
8,101
1.128
2,649
16,138
1.730
64.422
26,673
m
against $3,703,547 in 1890.
tO^MM
OSt-t
io<5
too
aos
CO to CO en
COCIOtOCO
OK.
lOlP-OCOCO
WW
aw
6.3.i2
91,095
From New England mUl
!^*»e Ne«' York exports since
January
"
h^%r*'of<.?«
"'^ 1' haTe
»»en $6,594,816
"
1891.
•
00
CO
eoi-h-co
coocow»OUC0!O
Otto
CD
to^
9,191
ODflO
211,204
(^M
00 QD
®to
hi
93.062172.880
1^
en
4,5,216
to
109,149
70.232
4,916 47,rt!9
« co:;>ioco
10 to ^
W to
p MJO «
<asolo*3soa
CO^CO — QD
M ^ -O
*».
ro
lfi>»
M
W
MM
->^osos«^u
--J
CO
135.849
OS to*-
OSOIOmA
7,645
vlW
wo
6.881
12.053
11.144 11,782
CO to S> to OS
M
^M
MOD
\
t
COOUJOrf^
OiF^^i^M
M CO 10 lU
MCQCOCS
OS oiaa
Xo
ooco
OlCCVlCDU
a ^jM^xo
en A
to ji
u
WiMw**^05W
CO
coo'cotobi
cCSi^-^lCO
^00
01
S:3c;,aoi»*3
p_rfkp^^
.
i
*-> rf.
I
^*^
mco
CJtO
I
c; Co -a CO to
I
Mtotowao
MCOCOOOi
Ogi;Po;p
I?
1
THE CHRONICLE.
30
Union Trust Company United
NEW YORK.
4»F
New
80 llioaUway,
CAPITAL,
York.
*i.2?I5'222
3,750,000
Anthortud to not as Kxecntor. AdiululBtrstor,
Gaardlan. Receiver, or Trustee, and Is „„„_
-
MURPI.II8,
.
A LKOAL DKPOSITUKY
MONKT.
KOll
Aetsas TrnHlee of niortif.'iues of corporalioas.and
aocepts the traoBfer aueiicy and reKtm ry of Blocks,
Allows Interest on deposits, which may be made
at any time, and withdrawn on five days' notice,
with Interest tor the whole time they remain with
the oompany.
For the convenience of depositors this company
also opens current accounts subject. In accordimce
with Its rules, to check at slttht, and alliiwn Interest
upon the resnltlnii dally balances. Such checks pass
ibroniih the Clearing Ilousa.
„..„„„ „„
OF
Altonds specmlly to the
MANAOBMBNT
RKAl. KSTATK and
to the collection
it
ThlK company
VAULTS„
for the safe keeping of securities placed In Its custody, on which It collects and remits Income.
TBDHTBKS
Wm.
H.Van Rennsl'r Kennedy,
James H. Osllvle,
James T. woodward.
Whltewrlght,
UenryA. Kent,
B. T. Wilson,
a legal depository for
Is
INTEREST ALLOWED ON DEPOSITS,
Mxecutors. administrators, or trustees of estates,
and WOMEN unncCiiBtomed to the transaction of
t-uBlneBB. as well as religious and benevolent Institutions, will Und this company a convenient depository for money.
JOHN A. STEWART, President.
GEORGE BH88, Vice-President.
JAMBS S. CLARK. Second Vice-Pres't.
TJIVSTEES:
George
Samuel Sloan,
James Low,
Wm. W.
Bliss,
Wm. Libbey.
Phelps.'John C. Brown,
C. Vanderbllt.
D. WIlllB James. Edward Cooper.
John A. Stewart. W.B'y'dCuttlng,
A. A. Low.
VrastuBCorning.'Chas.
D. C. Hays.
a. G. Williams.
K. O. Remsen
George A. Jarvis,
Wm.
Alex. Duer.
Charles U. Leiand,
Bd ward King,
H. B. Wesley,
D. U. McAlpIn,
George B. Carhart,
HENRY
LOUIS
Kdward Schell,
Amasa J. Parker,
Samuel K. Barger,
Geo. C. Magoun,
W. Bmlen Roosevelt.
Chaunoey M. Depew,
Wm.
#
KXKUUTIVB COMMITTKB:
Whltewrlght,
Bdward Schell.
Geo. C. Magoun.
D. O. Hays.
KDWARD
Q. O. Williams.
B. B. Wesley,
C. D. Wood.
James T. Woodward.
KING. President.
CORNKI.IUS
WOOU,)„,.. p,„,,.„,.
I).
Vice-presidents.
JAMKS li. OOILVIK.
AUGUSTUS W. KKLLBY. gsoretary.
!
THAI EH, Assistant Secretary.
J. V. B.
Knickerbocker Trust
Company,
Branch
office. IS
ANU
Wall
St.
•
Acts as Executor or Administrator of Estates.
and as guardian, llecelver. Registrar. Transfer and
Financial Agent for Slates. Cities. Towns. Railroads
and other corporallons.
JOHN l: TOWNSEND. President.
CUAULBST. BARNEY, Vice-President.
JOSEPH T. BROWN. 2d Vice-President
O RECTOR 8
I
Hakky
S.
ACKHIUCU.
Hun.
John
B. Hui.i.ins.
Jacob Hays.
CBAKLK8 T. BAIINET.
A. (umiEH HiaoiNs.
HUBKUT G. REHSEN,
Henry W.T.Mali.
andrew
Jaheh
Gen.
CHABLKS K. WAT80W.
David H. kino, Jr..
fllkderick g.iboitrni,
Hubert Maci.ay,
BHESLi.v,
CUARi,i:i4
lit* DAVKNroRT,
s. Tiijjky,
Hon. Ki)WAm> V. Lo«w
UkNKT F. DIHOCK,
John p. Townsbnd,"
m. sandh.
II.
Welling. Wai.tku Stanton.
t'. Lawuknck Perkins,
1. TOWNSK.M) IlURUIN.
II.
UEoROG J. Mauee.
FRBD'K.
J.
BLDRIDOB.
L.
Secretary.
HKNRY TOWNSEND
Assist. Saoretarv
Holland Trust Company.
KO. 33 NAS!<AU HTREET, NEW YORK.
CKrltnl and iHurplua
SI,«OO,O0«
ALIX)W8 INTEREST ON DEPOSITS.
Accepts and executes any legal trusts from persons or corporations, on as favorable terms as other
similar C4jnipanles.
AcM as Executor, trustee aad Guardian, under
wills for the died statutory charges also as Regiswar, Trustee. Transfer and Financial Agent for
;
Coupon Bonds
In New York, Brooklyn and elsewhere. CollecU Rents, Coupons and Dividends.
TRUClTEE^.
Van Allen.
Warner Van Norden,
James B. Van Woert,
?• .: ?. ^V,"*™'"'John
John Van Voorhls.
w. w. Van Voorhls.
Geo. W. Van Slclen,
'.
R. Planten.
BenJ. !•. \o»burgh.
Josepli S Sloiji.
llSV.-."'-
''<"'"<>"..
•
?<*.?!?'*'''
JOHN
lOHN
D.
R.
OBO. W.
(i,
Bergen.
Hi.bert B. Koosevelt,
^
Chas. P. Daly.
."" ""e«en.
J"*.?'
John
D. Vcrmeale.
W. Hulchln«<m,
Tunis
Julham Uoodnow.
Augustus Van Wyck,
Daniel A. Ileald.
W.J.Arkell
tOI Broadway, Brooklyn, N. Y.
$600,000
Deposits received subject to check at sight, and
InterPHt iillowcil on theresiilting daily balances.
Ccrtiflcatew of deposits iBBUod lor time deposits,
on which npecial rnlci« will be allowed.
Interest comiiienceN from ilaie ofdeponit.
Authorized by law to act as Kxecntor, Administrator, Committee, Guardian, 'I rustee. Receiver,
Fiscal and Transfer Agent and as Iteglstrar of
Stocks and Bond^; in a legal ilopoaitory for
TruHt Funds and for moneys paid Into court.
Ijoans made on approved collaterals.
Win take entire charge of securities during absence or otherwise of owner.
Checks on this Company are payable through the
New York Clearing House.
A.
WHBBLOCK. President.
WILLIAM DICK,
Pr<.«f«
Vice-Prest
8.
JOHN TRUSLOW, ( vice
O. F.
RICHARDSON.
Dick,
A. D. Balrd.
HurplUH
IMislgnated a* a
New Vork.
7 Oil. null
depository by order of
*[*«>*"> leposlts'of money on
fn'.KSS'.^""^
Interest,
act as llseal or transfer agent, or trustee
for ooruoratlona, and accept and execute any
legiS
%«"rPoratlons, on as fivo'aM?^?ri^l'T.^^°".
Dle
terms as oiher similar companies.
leflal
Thomas Ulllhoase^PrM.
D. Tappen, V -p«
C M. Jeeup.
V,-We..
Beverly Chew, sSb'UrV
Seorge D. Coaney. Assistant SeoreUrj.
M
Fred'k
$2,000,000
1,.'S00,000
profite...
«3,500,0OO
W. DOANB.
P. L. YOB. Vlce-Presldeut.
ORSON SMITH. Second Vlce-Presldent.i
F. C. OSBORN, Cashier.
F. N. WILDER, Assistant Cash er.
President.
J.
TRUSTEES.
},.
Foreign exchange bought and sold.
Travelers' Letters of Credit and Commercial
Credits issued, available in principal cities throughout the wo. Id. CHb'e transfers made.
J. G. ORCHAUIl. Mgr. Foreign Dept.
OLD COLONY
TRUST COMPANY.
BOSTON, MASS.
....
.
.
$1,000,000 00
Capital
600,00000
Surplus,
Tranaacia a General Banklnn Bnslness.
Allows Interest on dally balances subject to
check.
Agent In Financial TraiiMactlons.
Darwin R.Jame», Wm. B. Horwlll. Edward T.Hulst.
H. H. Rogers.
Joseph F.KnaPi..lno..\icLoughlln.
B. B. Tuttle.
Jno. T. Wlllettf .
A.M. Suydam.
John Truslow. .lohn Lunghran, Wnj.K.Wheelock.
ThoB.F.Rowland.Wm. K.Oarrlsoi O. F.KIchardson.
DItmas Jewell. A. D. Wheelock.
,
The Brooklyn Trust Co.,
177 and 179 Montague
Brooklyn, N. Y.
8t.,
Invested In U. 8. 4
per cents at par.
CAPITAL
Trustee under mortgages. Transfer Agent. Rog-
Joel F. Freeman,
Bernard Peters, Chas. H. Russell.
BOARD OF DIRECTORS.
T. Jefferson Coolidge. Jr.. President.
John F. Anderson,
Martin Brimmer.
Ge<jrge F. Fabyan,
Frederick L. Ames,
John
L. Bremer.
T. Jefferson Coolidge.
(Jeorge P. Gardner,
Henry
S.
Francis L. Hlgginsoo,
Howe,
William P. Mason,
Laurence Minot,
Henry R. Reed.
Nathaniel Thayer.
Stephen M. Weld.
T. JBFFEK80N
Walter Ilunnewell.
George Von I,. Meyer.
Richard Olney.
Lucius M. Sargent.
John I. Waterbury,
Henry C. Weston.
COOLIDGE, JR.
Presidenl.
C. 8.
Sl.OOO.OUO
TUCKERMAN,
Secretary.
Capital and Surplus exceedinc Sv,t<3U,000
This Company allows interest on Deposits, which
may be made subjectto check atslght or returnable
at
tlx,:d dates.
It Is authorized by special charter to act as Executor. Trustee. » dminlstrator. Guardian. Receiver
or in any other position of trust.
As executor of estates It secures a 8*fe. prompt
and advantageous distribuliun of the sane.
It is a dcBlgiiated depository for Court monies
and acts as Registrar or Transfer Agent of stock
and bonds, and as trustee for railroad or other corporation inortgages.
Executes orders In all classes of Investment securities. Guarantees Letters of Credit Issued to
travelers.
C. T. Chrlstensen. Pres.
Jas Ross Cnrran. Sec.
Abram B. Baylis, V.-Pres. Kred'kC.Colton.Ass'tSec.
JoBlah O. Low,
Alex. it. Whito,
A. A. Ik)W.
MIch'K'hauncey.
Wm.B. Kendall.
THUS TEES.
Fred.
Oomwell.
John
P. Rolle,
J.J. Plerrepont,
C. M. Pratt.
U'T K. Sheldon. Geo.G.ReynoIds.
0. D.
Wood.
S.
W.
Boiicock.
Wm. H. Mslo.
John GIbb,
Knowlton. Abram B. Baylis. G. W. chauncey.
John T. Martin, B.W. Maxwell, IC.T.Chrlsteusen.
B. F.
THE
Manhattan
of the city of
nbw
york.
Stewabt Buiujino, 280 Broadway.
CAPITAL
*30o,oao
•J30,000
HURPL,U8
DAVID M. MORRISON,
5
RANCIS
M.
S.
n.
LOTT,
CHARLES
PAGE.
F.
CLARF.
SeCTtlan.
AsmtUiiil Secretary.
'i'HCHTEES:
M^I. w
Ph.wL ii^V"';.
!.'""'.»,"•
CAPITAL
F. O.
French. N.
oS^rL.
•
II
LTriS'i'- '""""••
IT p '"«'"'"'•
ijo.,;Jl"i i..„
Wm
"i?
I?"*'
r'"'- 5- "»".
'I'l '
John
F. Anderson. Jr.,
INTERE!4T
HomaUB.
William Lummls.
K. O.
ALL OWED ON DEPOSITS.
fJili i'????"' •„» '»«»' "lepoaltory tor
iS5*.?indK"
«"">«""•'•• of r..»oB.lblluf
Sts.,
Co.
M. T.
91,000.000
DIBBOTOBS:
H. W. Cannon, N. T.
Y.
R.J. Cross, N.T.
John R. Ford.N. T I
H. L. HIgglnson, Boston. T. J. Coolidge. Jr., Bos.
August Belmont, N.Y,
James O. Sheldon, N.Y.
B. D. Randolph, N. Y.
A. 8. Kosenbaum. N. Y.
C. C. Baldwin, N. Y.
Sam'! R. Shipley, Phil*.
Chas. F. Tag, N. Y.
R. T. Wilson. N. Y.
Marshall Field, Chicago. J. I. Waterbury, N. T.
H. O. Northoote. N. Y.
F. O.
French, President. J. I. Waterbory. V.-Pree.
A. T. French, Secretary aud Treasurer.
ALLOWS INT BREST ON DEPOSITS. BXU"
CnTES TRUSTS OF RVKRY DESCRIPTION.
REGISTRAR AND TRANSFKR AGENT.
IRcal iBstntc
Xoan
Si
ZnxQt Co^-
OF MEW-YORK.
Mutual Life Bulldlnn, 30 Naaiian St.
tSOO.OOO Surplus .$'.J30,00O
Capital
I
. . .
This company would be pleased to receive
APPLICATIONS
FOR
APPRAISEMENTS
OF KEAL ESTATE,
P- C. Lounsbnry,
Charles F. Clark,
George B. Hamlin.
Theo. A. llavcmeyer,
Seth K. Thomas.
Lucius K. Wilmerdlng,
George A. Morrison,
Joseph C. Baldwin,
Trust
Corner of Wall and Nassan
WASHINGTON
TRUST COMPANY
iS^A^i/\]F'"^P''
'"""•'"On,
»*•••«».
ESTABLISIIKD 1857.
Capital (paid In)
Surplus and uudiylded
atrar.
W. Wurster,
r.
SICLEN. Secretary.
Metropolitan Trust Co.
Secretary.
TRUMTEEM
Wm.
"OOSKVELT, President.
VERMKULE.) „!,.'
PLANTEN. ( V"»-P''"l<J«nt«,
.Ml,"*.?*.*'.*"
Secretary.
Assistant Secretary.
GAPITAI.
"•
VAN
Smith.
The Nassau Trust Co.
Estates, Cities, Hallroads, Towns, and other corporations, and for Real
ristate Mortgages with
Oarret A.
8.
THORNKLL.
HAMPTON
St.
Sl,OOU,OU0
DKSIGNATKI) I>EGAL DEPOSITORY.
.eBKPB
CHICAGO,
Corner Dearborn aud Waahinirton Street
I
and 3 Nassau
!«i;ill'I,i;!«,
L.
G.
I).
434 FIFTH AVE,, COIt 27TII STRKET.
CAPITAL,
Company Bank,
Trust
MARSHALL FIELD, J. W. D04NB.
Wm.
YOB.
P.
C. H. MCCORMICK,
GKO. M. PULLMAN.
DK KOVEN.
JOHN
Wm. H.Macy.Jr.. ALBERT KKKP.
A. II. BURLBY.
Wm. D. Sloane.
E. T. WATKINS.
JOHN TYURELL.
G. II. Schwab.
ERSKINIt M. PHELPS.
LAMBERT TREK,
Frank Lyman,
ORSON SMITH.
Geo. F. VIetor.
Wm. W. Astor.
Banking in all its Branches Transacted.
Warren.
II.
Wood.
James N. Piatt.
F. Russell,
AND
Rockefeller.
f711son G. Hunt. Jno.U. Rhoades,
OIlBton Gilbert. Anson P.Stokes, Alex. E. Orr,
Daniel D. Lord. Geo.
Loan
Merchants'
moneys
which may be made at any time and withdrawn
after Ave days' notice, and will be entitled to interest for the whole time they may remain with the
company.
C. D.
Wm.
The
and Is authorised to act as guardian
paid Into court,
or trustee.
and remlu
makeK niiiple provision In Its
BUKIil.AR AND KIRK PROOF
Trust Co.
States
'gvnst (£>orapn.uiz3.
OF NEW ¥ORK,
45 and 47 Wall Street.
;AP«TAL AND HIIRPI.US, - 89.000,000
tance of rent*.
NBW
^ompRuUs,
^rttBt
©ompautes.
^Ctrwst
[Vol. LIII.
and desires to
call
attention to this feature of Its
buBlness.
The appraisements are made by the Heal Estate
Committee, consisting of
Horaces. Ely, Chairman, Joseph Thomi»son,
H, H. Cammann,
Dooolas Robinson, Jb
and the Real Estate OfHcer, Thomas H. Tekbt.
The feature of appraisement by this Company Is
that the valuations are the result of the oomblaed
'
^
udgment of five real estate men.
Blank forms of application turulshed.
@FedFRASER