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trntlt
HUNT'S MEUCHANTS' MAGAZINE,
RSPRESEJJriJTQ
VOL.
»
THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATE?;
SATURDAY, JULY
49.
6,
NO.
1889.
month
in excess of the figures for the corresjionding
CH^lxrouicIc.
*$Jixz
Terms of Snbgcription—Payable in Adrance
:
do.
6 10
For Blx Months
11 28
European 8uii8orlprion (inelaning poBtaae)
6 64
European 8u;)8('rip!ion Six Montln (in<.-.lu(ting postaRe)...
*2 7s.
Annual subbcrlptlou In London (inuludini; poBtage)
do
do
£1 8s.
SlxMos.
do
Co., Publishers,
wfTTTiM T. niNA (WIliLlAn B. DA1\A & !VE%ir
YOKK.
lOa wnilam street,
TlirirJ,',^^
\
3>B»
a. FLOYD.
(
PQg^ Office Box 958.
Six Months.
1888.
New York.
402,880,
20.131
7.69 I,
I'roTldence...
New Haven
HOUSE RETURN'S.
Sprln^eld
TTeek ZCnding
June
Week Bnd^g June
29.
188D.
P
Cent.
741,13'!,0e0,
603.«17,985
+47-
(l.l'15,BI5'
(+1S2 2)
1—510)
(17,4oU.UU0)
(583.:i2«j
(529.001I)
(33,lf,«.485
(12,4Tli,0UUI
+304
thara.)
Wntton
fQratn
hutthtli.)
(50,l!4SI,2I!i)
bbU.)
linlea.)
Petroleum
Boston
(209.000)1
96.235.109
73,799,828
Pr-jvidence..
4,SJ(!l,70O
4,292,1.00
Hartford
1.5a«,l63
907.74a
l.UOU,737
Mew
ilaven.
BDrinifUeld...
Worcester...
Portland....
Lowell
Total
Philadelphia.
Plttabnri:
Baltimore
PyrHCuse
Bullalu
274,l-21,-218
+0-1
821.009
Cincinnati
4'1,263.000
276,,92".850
257,213,2001
18.399.8.l.i.H38,jO;
4.3,001.450
18.0;. 1.170
6
Milwaukee....
+1-8
17.0-25..3'..8
-f9-0
119,,2.,l!.4-'3
115, 054,900
89.,466.7.12'
60. 57 1. -212
48, 617,H70
39,,048.71.7
16,,235,313
104.81)7,935
102.54;;,-07
Detroit
15.971.18?
10.2,6.100
Cleveland
10«,8S1,50»
83',H«2,I18
+27-4
109,023,467
+34-8
77.91.3.44fl
ll.oi.i.liOO
68.341.360
+141
+27-9
13.,-'lii,a3«
10,758.922
61H.BS7
631,768
77,558,285
11,389.275
ll.i. 96.915
702,980
2,925,062
Peoria
—a-4
2,08:4,4»9
1,478,^)24
+30 9
83,759,116
18,353,-5»
15.852,3«S
7,l«o,o08
3,257,161
8.566.374
3,173,3nO
Minneapolis
8t. Paul
3.1H3,«I9
3.6a3,14)
Omaha
4,25U,««.S
3,l:*4,2iJ7
l,U«a,7W9
,
J,52li.'iU«
...
Los Ani;e]es
Wichita
66rt,liij.;
TopelEa
S',a,'.05
Bloux City
507,800
819,IU1
b»4,3IO
Tacoma*
ToUl Other Western.
+5-0
+5
2.908,751
90,926,508
S,a(}4.37a
+14-2
+22-6
+23-0
+3S-5
1,U<M,964
557,40t
Grand Haplds.
8t. Joseph....
r
3,7 :i 9,025
Indianapolis...
Dniuth
91,001.7k;l
4.0.'0.i
Denver
l«.y27.1ll..
720,159
5e,29C.(i83
9,: 9i*.^50
Total Middle Western
16,409,427
n.-i84,779
l,17f,0ll
—
Ban Francisco....
Kansas City
37,544,9-291
81.
l,»«!-,620
1,77.1,124
1,1 17,566
801.51 'U
788,73
825,782
41,207,222
3»,7»o,590
17,«37,460
13,1107,747
5,t53;),57u
5,1«4.736
4.'. 87,H21
1,252,788
1,705,000
607,020
+20
4
+8-6
01,808,963
+0-3
16,570,073
8,840.149
a.8«8.025
3,773,731
4,507,344
3,102.007
1.130.645
1,329.558
546,530
693,200
360.530
458.974
461,949
+26-2
+3-8
+ 11-3
+B-8
+11
+3 7
16.63l)."«6 1-20-b'
ll..i66,475 *26 9
H7,.-93,547
9.727,148 -45-6
5,703,510 14-1
,-18-4
45,498,4:19
33,821,403;
18.420.384|
18,064,598'
9,96U,9<t3
81.720.898 +19 5
63,433. 103 +389
4l., 082,817 +13-6
83.03 ..354 -1-0-9
31.682.05 —419
18.276,442 -1-a
7,582,759 +31-*
3, 110,7. .2
1,3- 3,180
-40-3
+2-4
+71
4-'8.068.080
229.889.150'
+8-3
+9 9
20,.'.67,o3;|
24,241. 1. 7'+2rt
8,3i6.0:;3 I-15-7
7.305.01-0 +21-5
Total
150.519.lo4 +17-8
54.311,'205
HS-8
00 +31
65.00S,(..5
42.1.52..
27.153.957!
2,243,470
8,653,8-1 +25
2.7IO,.i07+^7-0
2,776,667 -10-2
20,913.2 5; +S1-8
10.374.288 +770
20,486,244
166,3:4.258
141,507,968,+16-8
l,098,3j2.287|
8,176.6-21
27.213.092
18,496,481
-07
971,644,122
+13
4,«03,467,870J3,81I,063,425 +22-2 27,1,33,6' l7,U72l-i3,018,00!,084+15J
all
Outside N. T.. 1,622,I00,500'1,484,746,284|
*
88,111.934
1,043,751,589
7,386,480
Not included
-rQ-s'
9,678,868,90:i| 8,742,405,13o'+10-8
in totals.
Our compilation embracing operations on the various New
York Exchanges now covers six months of 18S9 and 1888:
.
SU
SU
months. 1889.
Par ralue
Description.
Actual
j
or Quantity]
Value.
I
'
[2062003382; 62-8
*3',;h;i3o3i1o
t-24.'.4il.3'5' 1208.074.292 85'8
»-2.:i-20.4.")0;
»3,io(.i0
(11:1.8.10'
«-2.9>1.457)128-7
t;.2i5.736i 64-.S
fl.i7u.i93 133 2
Total ...I35:i2.001,5l5ir2276451.759
months. 1888.
Average' Par Value
Price. or Quantttv
35.699.508'
Oov'tbonds
State bonds!
Bank stocks
-I-21M
6.5 i7
2«.;iii2.172
+ 8-7
—420 Stock! Sh's
Val.
—3-8
+ 27-4 RR. bonds..
21.545,,403
8.1i01.,602
6,424,,445
+6-5
9. ..91
475.439,717,
352,762.:l22
177,:109,5U,
61,609.179
+80
+121
+11 S
89,211.713
94.2.1.1,091.
27.417,9721
+324
44,785,89s
l«-i.249,-2.)e
95.01:6,551'
1
1,110,980,368,
1
+29-7
—18-4
2i0,7-26,-i'20'
+2
-.TS
3.98:1.840,
+32
-23
+1-9
+11
Fort Worth...
Norfolk
+ 18
+8-7
,301,082.389
60.95-,8781 +19^1
+7-2
+20-;
+ 37
+ 10-6
+2J8
2,174,148,962
Louisville
Total South.
+ 78
+7-7
+13-8
+13-1
76,154.3:8 +17-0
55.216.S:U +9-7
47..527,913 +2'»
33.-<87.086 +17-3
15.592,191 +4-1
83,83.<'.970'
64.467.1411.921.3 .0
4,357.933
+ 1-5
l,-i81,-M5,190
898,368,884
189,104,412
2.720.33i|
+5'2
+12 9
Total oth'rW
+1T5
2,363,900,125
191,174,876
N.
+4-3
16,o58,Ml
+8-7
4,520,1162
Topeka
296,810.738;
+2-7
+0-4
n.2.3.-J72 -6-0
2.701,300,
8,184,757
1,014,318
(•alveston
3
— 30-6
5,935.506
+22-2
+6
+;wo
6,'290.866|
101,287,450
+27
+3-6
+34-3
+5"'9
-38-4
:4,42...761
Memphis
Uichmoni
4.058.783
g.ibl.Ooo
1.773.925
1,305,804
566,620
+15-4
Wichita
l»,876,33-,i
+3 2
St. Louis
+9
+11-6 New Orleans..
1.
2
Paul
+7n Omaha
+05 Denver
Duluth
+ 1-3 St.
+ 41 « I. OS Joseph....
Angeles.
4.07;l.9i5
+9
Minneapolis...
-t-7
-f9-l.
7.287,08
5,078.413 +23-81
2.507,721 t3-3.
+38(1
Tot.
19.41«,SU5
l,.iSa.401..55S +16-9
281.i'i'7.6'41-)-10-7
+0-4, 2,427,098,7281 2,136,858,488 +13-6
'.I.?8.\;l47,+ir2
+l:i-9
-tl4 li
Peoria
-1-0'
1.3.57s!.799l -;7-,
66.09:<,1S0
37.311,S--3
7
»2-2
+2,14
3.117.166
390,71X1,671
+15-6
11.2nl),rt71
8i.9.7l-,7l4
87.897.S-,!4l
U4I.1U3
70U,«oO
+ 17
7,912,16--
315.:-:4~.i74
-^3-8
401,431,150'
J,0,"il,979
+78
+8-4
+10-9
376,641,551
tO-;,
40.01)6.861
M.West
1.091.405
1,197,439
23.638,802:
15.991,878
-1-7
+6-8
275,068,^96,
l,78:l,(i5I,7.S5
4.',i,-26.:!40
San Francisco.
Kansas City...
-^8•5
— HI-3
'.2:15.983
27,788.1105
412,310,53:1
Total Middle
23-4)
1+49-4
(-t9-l)
20 ;rt4l,5--4
17 7")7,099,
.1.
l(5,lii9.0«8
+118
+0-8
+ 110
277,501,384+12-1
Pittsburg
Baltimore
Syracuse
(+56-2)
+
+19-8
-0-0
2,124,846,850
123.09 -',01.0
43,179.055
386,701,0821+168 2,877,530,505 2,i:4,0OJ,2;i +10 »
6,2f9,4l2
2,641,859'
+125
l,ir2.0U
3,<22,.jtlJ
2,738,682
Indianapolis...
9^8,001
802.0a7
600,348
1,,)35,0
4.-l.'8,
2.7 3>-,
Grand Rapids.
983,1130
Chicago
Detroit
Cleveland
Colunibn?
+16
97,708,S62
4,9X6,100
4,11.7,621,
+35-9
1,74 .,512
103,881,169
Total Middle.
Milwaukee
-rl
2.7 It.a.U
•
Cincinnati
(+40-2)
(l,47K.C93)
lS76.000j
(65.2-1.4871
(2,2i8,0u0i
8
l,(Wa.Ul;9
New KnRland...
1+51-6
72:^.782,886
+6-1
48, 701,0^4
29,.736,400'
89, 5l8,4-i;
27, 171,«0
311,103,967
47,261.741
60,7'5,914
3,081,911
Columbus
Safes 1)/—
{Stocks
123,,8Z7.100
451,850,773
Philadelphia..
OhlcaKO
22
2,,375, 207,367
20,641.41.0
6.781.9,85 +13-4,
1-1
4,9«:i,742
4,74,,8K4
O'h
—
—
4,7fl,
4.45).
Portland
The aggregate of bank clearings for the week under review LoweU
exhibits a gain compared with the previous week of fifceeu
Total N. Bnif
millions of d )llar3, and contracted with the corresponding
338.988,001' +18-8:
-20
4,779
.
...,
Worcester....
period of 1888 the increase reaches 35-4 per cent. New York's
exchanges other than those arising tlirough stock operations
record an excess of 33 per cent.
1880,
3,071,367,885 2,366,3 17,141 +30-8| 17,446,238,670 14,776,405,954 +18-1
Boston
Hartford
New Tork
of 1888,
For the six montlis the aggregate for the whole country exhibits a gain of 15'4 per cent compared with last year, and con
trasted with 1887 the increase is o'l per cent.
$10 20
Fur One Year (inoludlne postage)
CLEAPxING
1,251.
I
Aver'gt
Value.
Price.
89.975.600
$-«21.O7S50;i, 1553267426
tl68.066.4o0 $152,513,925
t4,l 13.-2u0,
I
Actual
»2.-2:l<..905
»»73,2O0
61-S
90-4
t4.o:i9,342 1-20-1
tl,352.974 60-8
»I,298,214 133-4
»2i!97 .064,23! tl713371.l8l' 6S-6
64-4
I
Bt.
Louis
Orleans
New
Louisville
^,SKti,97«
I.4II4.449
Memphis....
Richmond
2,277.573
e48,Ht«
Galvesfx^n
+28
2
t91
+17
3
+19-3
+33 -8
+28-0
+91-5
—15-8
1.H36,910
2.085,,789
721,,731
69k?,,196
68' ,239
1..5M,.443
610,,650
+30
+36-6
+ 15-7
+20
8
Pet'l'm.bbls, 274.:i87.0oOi t2 18.685.485 87o.
O.ao.i.M till-. 2.16.1.25 $31-37
tiratn.bush.l 822,605,767 $. 8'.,72 ,644 81c.
Cotton, bis.
I
Total value!
$3650067,8131
I
08-),404.0li0, ».->90.957,19o! 87 2-5
11,516,-<:001 |500,173,-280l|51-25
809,837,241 »6;7,0o7,77»j 88 3-5
$3580512.1301
+4v!'0
exchanges for the five days, received by tele,
N irfollt
4!<0,72^
l,963,0:i«
Dallas'
graph this evening, embrace only four business days in conBirmingham*
e4s,u»w
sequence of the Fourth of July holidays, but compare with a
Total Southern,..,
86,147,619
28,576,808
+230
40,135,310
+252
like period in 1888, and exhibit an increase of 25-5 per cent.
+.'!5-4
+30-4
1,124,2.13,908
Total all
830,81.",3M
,119,401,934
Our estimate for the full week ended July 6 indicates an excess
Outside New Tork.,
380,095 842| 826,965,353
l-Hl 31
390,630,09; -+2r3
over a year ago of about 24'.5 per cent. Messrs. R. G. Dun <&
• Not included In totals.
The exchanges for June record a small decline from the Co. reixirt tlia number of failures for the week ended Friday
otal for May—seventy-two millions of dollara—but are largelj- night as 303, against 814 last year.
Fort Worth
9:J(<,l)W3
,
490.258
581,323
+57-1
-5-6
The returns
of
THE CHRONICLE.
£23,711,892, against £21,708,031 the same
We notice, however, that considerable
time last year.
gold are
THE FINANCIAL SITUATION.
of
the influence of the prompt disbursement
call money
week,
the
in
early
dividends
interest and
easier.
at the Stock Exchange has latterly become
the
in
Otherwise there has been no material change
Under
monetary
Bank
situation.
reserves are
now
fVou XLIX.
low,
so
the interior has been
now
withdrawals were made this week
for
shipment to
France, our foreign exchange rates having declined so
as to make it no longer feasible for France to get what
it
a
wants at
loss
New
this
to us
cable
York. The Bank of England reports
a special
week of £225,000 bullion
states that this was made up by the
;
while the inflow of currency from
that it is shipment to France, already referred to, of £298,000,
greatly reduced, and an outflow has set in,
quite cau- by shipments to the interior of Great Britain of
natural money lenders should have become
Still,
£360,000, and by imports from the Argentine Retious and time money should be less easily obtained.
and "bought" of £433,000. Notwithstanding
public
proportions
unless the outflow to the West assumes large
gains of gold by the Bank of France, the
large
the
heretofore
earlier than last year (which for reasons
rate for money at Paris is reported this
market
means
open
any
given has seemed to us probable but not by
Berlin and Frankfort rates are both
cent.
per
next
week
the
2|
during
certain), rates may temporarily ease up
quotation
being If per cent at the one place
lower,
the
Government
due
to
or three weeks. If so, it will be
two
The Government
action.
payments
interest
will
show as
week's bank statement, but they
only in part in
will still further affect the situand
affected
have already
Besides that, there appears to be quite evidently
ation.
other
a purpose in the Treasury Department to keep
this
Pension payments, it is claimed,
are to be large, and bond purchases are increasing,
Secretary Windom having since last Friday night taken
1,62.3,950, affording with the premiums paid new curdisbursements
free.
rency to the amount of about If million dollars. We had
hoped the Government would accumulate something
this month, if it finds it can do so without harming
do
business,
even
What
may accumulate now,
it
of which there
rates
if
is
no
and hope
stiffen,
sign, will
so
yet.
trade slackens,
unless
be urgently needed
later on.
balances, call
As indicated by bankers'
money
has
loaned at 0@7 per cent and 2i per cent as the extremes
the 2i per cent rate was reached the latter part of the
week, and the higher rates, as a rule, the early part,
;
though yesterday afternoon
quotation was tempo-
tlie
be followed by an
inmediate drop to 3^ and then to 3 per cent ; the average for the week has been about 3^ per cent, at which
Banks and trust comalso renewals have been made.
difficulty at 4
engagements
without
made
panies have
per cent. Time loans on first class collateral are dearer,
rarily bid
up
to 7 per cent, only to
lenders being in a position to dictate terms,
refuse to
make
and they
concessions or to accept other than
any
at the other.
Our
foreign exchange market has tended
due to the
downward
shipments of gold during previous weeks, to the arbitrage operations for London account which were reported large on Wednesday, to
selling of long sterling against future deliveries of
cotton, and to dearer money for time loans.
Rates for
both sterling and francs are now so low as to make it
impracticable for gold to go forward on the old
basis.
The inquiry on the part of the Bank of
France for that metal seems to have been very
urgent.
We cannot see any force in the idea which
has been advanced by some that the movement
of gold from New York to France was due to the fact
that Paris is this year being visited by vast numbers of
people, and to the expenditures of money made by those
Had that been the cause, the mcvement would
visitors.
have been wholly natural, and the Bank of France
would not have given a special inducement to divert to
itself onr exports.
It is not customary in the commercial world to pay a bonus for what is due one and
is dropping into one's hands without a bonus.
No
doubt the desire to accumulate gold by the Bank of
France is in some way connected with the losses
failure
incurred through
the
of
the
Comptoir
d'Escompte.
We hav^ this week prepared our monthly clearings
statement for June and for the six months.
The results are conspicuous on account of the large increase
this week.
This
is
free
Rates they show over last year's totals, and this is not confined
day en- to any one city or section, but seems to include
dorsed bills receivable, 4^ for four and five months, and substantially the whole country.
The aggregate for
Com- June is $852,404,450 larger than for June, 1888,
4.J and 5 per cent for the remainder of the year.
mercial paper is in good supply, and it is thought likely and has only been exceeded twice this year.
Or,
that offerings of choice names will continue liberal, taking the six months, the total shows the rebut the demand has been light.
This light demand markable gain of 13,614,706,588 over the corresponding
is U8n8^1 the first few days of July ; to what extent six months a year ago.
Excluding New York the gain
it may
continue will of course depend upon the in June was 1137,3.54,306 and for the six months it
monetary conditions. At present the purchasers are was 1944,873,863.
These results tell no uncertain
mostly parties in the Eastern States. We quote sixty story but point unmistakably to a very decided expanto ninety day endorsed bills receivable 44@5 per sion in business operations.
Other indications of a
cent, four months' acceptances 4J@5| per cent, similar import are not wanting.
Production in almost
and good single names having four to six months to all departments of trade is large; prices are lower in
ran 5@6^ per cent. We should have stated above that some, but the volume of products in nearly all cases
the bank return of last Saturday showed that of is in excess of a year ago.
A similar activity is
good
are
collateral
4
per
under
cent
for
sixty
circumstances.
'
to
ninety
the
*7. 502, 22.5
surplus reserve reported by all
the banks, 17,455,700 was carried by four of the larger
iustitntions.
also
illustrated
our foreign trade figures, as we
occasions remarked, the aggi'eimports and exports in 1889 having
in
have
on previous
gate
value
The London money market has continued to rule been
at very easy rates during the week.
The cable yester- *ery
of
exceeded
in
no
similar
period
since
the
high values in 1880,
Our
day reported sixty to ninety day bank bills at li@lf usual compilation of
monthly
clearings, giving
per cent.
This very easy money is doubtless due to the the results both with and
without New York, is as
strong position of the Bank of England its holdings of
follows.
;
large
exports
at
JCLY
6,
THE CHRONICLE.
1889. J
MONTHLT CLEARIN08.
OUariruf
CltaHnv. Total AU.
OuUUt Htm
York.
Hontk.
1888.
P. Of.
1.513.897,423
+147
P.Ct.\
1888.
1889.
«
l,805.5Sfl,8lBi -J.OSS.OJT.iaOi+lSO l,7a8,S82,032
4.05S.S0i,0R7 3,5h3,713,447,+18-8' l,4t<S,67a.04
4,485,422. ! 32 3.783.035.7S3 ;+ 18-8 1,B»S,663.W1
3
winter-wheat sections, excessive rains had delayed harvesting, but otherwise it is believed there have been
no serious adverse effects. The work of gathering the
crop is now progressing rapidly.
Oats and grass are
%
Febriury
.
.
Ifvob
iBt quarter 13,34a,8ll,0U5'lI,fS.vS18.3aO>17-2J 4,7«5,21r,H23
April
4,:!ai,B.Sl,Ol8
llaT
4,7i).'S.fl47,774'
47-?
4.2;9.210.42S +11 3
4.693.407,875
3,811,063.423, +3a'2; 1.623,100,590
June
)W quarter.
13.783.7'.)«,a67
4,nl8,750.84i
1 2,
1
1.674.6U3.945
l.l!:)5.35.i.n3.'S
33.054,691;- rl3-6| 4.892.150,170
I-
« moDth»'a7.133,807,8r2|23,518.901,l)84|-t
15-4|
8.637.368.9 <3
4
+9-3
1,652,187,001| +0-2
I,4N4,74e,2Bl| 19 3
stage of the plant's growth nothing definite can be pre-
4,265.148,654
+12
1,440,113,1911
months from the same
change
six
in speculative activity.
+9
3
8,742,4l-5,13ol *lrt H
scarcely any
movement
wa.s
week have not
Euterpri.se was
The actual value of
succeeding month more apparent.
the share sales at the New York Stock Exchange
all
June, was |199,194:,953 in that month this year
As these transacthe actual value was $387,726,357.
times
the
sales,
one readily .sees
at
2\
estimated
are
tions
how important a part they have played in swelling the
;
Yet they by no means
aggregate of the clearings.
account for the increase ; they only aid in explaining
Our usual statement of the Stock Exchange sales is
it.
as below.
NiW YORK STOCK
SALES OP STOCKS AT THK
Value*,
Number
oj Shares.
Par.
Actutil.
of Skiires.
Pur.
Actual.
*
*
\
Jan....
Feb....
4.f-72,10S
429,7hO,«50:
285,112.894
S.926.117
5.9iS.91'8
553.014.700;
345,39i,724;
3,143,320
March
6.14-1,105
551,95«.35o[
351,17S,e38
9,sl,i!83,:»6
1,531.751.700J
326,142,550
269,142,200
421,683,000
210.126.045
17H.309.233
12.322,326 1,019,967,750
665,104,960
0,250.889
271,623.703
7,614,87-
638, 71,750
873.784,760'
420,969,966
6,213,122
833,713,230
387,728,837
3,823,273
531,774,850
333.961,150
April...
4.821.012
411,'93.400|
May....
June...
7,165,711
6,775,624
2dqr.
Vuhus.
yumber
1
*
1st qr. 16.947.211
EXCIIANOF.
1888.
1889.
Month.
18,732,:i47 I,74k,«OI,41o'l,OSO,320,026, 17,953,274 1,504,110,750
288,609,102
384,617.360
314.150.133
199.194.053
898.102.446
6 mOB.. 35,699,558 3.281,353, 1 lol 2.062.003.S82 29,975,600 2,521 078,500! 1,553,267,426
For the whole six months, the aggregate clearings in
York, over and above 2^ times the stock sales, was
New
$12,791,000,000 in
1889 against
As regards
year ago there
of the kind.
$10,893,000,000
in
and 18,551,000,000
in 1886 and $6,528,000,000 in 1885.
These results
represent approximately the growth of legitimate trade
in this city, speculation being in the main eliminated.
The crop situation while not so extraordinarily promising as it was some six or seven weeks ago, at the beginning of the season, still remains on the whole very satisfactory up to the present time. The special unfavorable
1888, and 811,053,000,000 in 1887
;
the next few weeks.
the
sluggish and capital cautious, due in good measure to
the results of reckless railroad building becoming each
last
corn, everything will
is
of 1888,
outcome as in the case of
depend upon the weather during
dicted as to the probable
unsettled and
months
A
ing more or less from long-continued rains, but at this
•I
4,477,318,476
Obviously a part of this growth is due to specuhiliou.
lu fact, a cousiiicuous feature distinguishing the past
six
expected to be a good average.
Corn is backward, but
needs nothing more than warm, forcing weather to place
it in excellent condition.
Cotton appears to be suffer-
+8-8
1.399.064.719 +14-0
1.SS2. 181,510]
railroad rates the situation
more
still
remains
The changes
one direction. Some of
or less confused.
this
been in
the
developments have been rather favorable in their nature,
though as they have been accompanied by others of the
opposite kind they have had less effect than they otherwise
would have had. The Lake Superior lines, for instance,
have voluntarily made an advance in rates on traffic from
the seaboard to St. Paul and Minneapolis, the higher
schedule to go into effect July 15.
The Chicago-St.
Paul lines did not get as much comfort out of this move
as might have been supposed, since care was taken to
have the new rates less than those via the Chicago route.
Still as an evidence that the Lake Superior lines are not
at all desirous to keep their schedules unnecessarily low,
but are disposed rather to get the best figures they can,
this step of theirs offers the most encouraging piece of
news from that quarter that has been received for some
time.
The Chicagc-St. Paul lines on their part have
been mainly engaged in an attempt to ge the Burlington & Northern to agree to the withdrawal of
the proposed commodity tariffs (low rates on sjDecial
commodities) between Chicago and the twin cities. As
we understand it, the plan for the commodity tariffs came
originally from the Burlington & Northern; the managers of the other Northwestern lines, not appreciating at once the far-reaching effects of such a move,
gave their assent to the scheme, but on further consideration thought it better not to put the plan into effect,
and have been laboring with the Burlington & Northern people with that end in view.
But the effort was
all
and the commodity tariff went into
There is just one consoling feature
connected with the whole matter.
The main reason
for wishing to withdraw these special tariffs was that
some of the roads had threatened to apply them
to points beyond
St. Paul, all the way to the
not successful,
effect yesterday.
River.
Now, however, the disposition
pursue a more conservative course and wait
influences wliich have existed of late have either been before taking action of that kind.
In the meanentirely removed or greatly modified.
Perhaps the time, if the recommendation of the Northwestern manmost serious adverse factor was the partial drought ex- agers is followed, a committee of three railroad Presiperienced in certain sections of the Northwest.
From dents will come East and confer with the Burlington
there the reports now are that the rains came in time & Northern directors in Boston in the hope of getting
to prove highly beneficial.
Some damage of cour.se them to change the road's course. We should men-
has been done which cannot be remedied.
that account the yield of
spring wheat
prove
as
large as
at
first
expected,
But
if
Missouri
is
to
on tion that
there
has
also
been some
disturbance in
matters this week, the Baltimore
& Ohio
does
not
trunk-line
on
the
having unexpectedly made a reduction in grain rates to
other band
we are comparing with a very poor yield the seaboard, which the other lines are reported to
other untoward circumstances have met.
occur, the production should be at any rate heavier
We are not at all certain that further demoralization
than in 1888. In that year the crop suffered from a at this juncture is an unmixed evil. It may prove
last season, so that unless
variety of causes, such as hot winds, excessive rains,
at
the
very effective in forcing a settlement
chinch bugs, and early frost. This year no reports of meeting of the Western Railway Presidents next
bugs have yet come in, while as regards the damage week.
any event, we are not disposed to
In
from frost the plant is so much further advanced that share the
very
despondent views current with
little fear is entertained of harm in that way.
It
In the regard to the situation and the future outlook.
THE CHRONICLE
[Vol.
XLIX.
of
all report improved net
and troubles such and the Kentucky Central,
Some
losses.
two
the Erlanger roads, two report gains and
incident to every great reas have row occurred, are
of the lines in the Southern Pacific system, as also the
by
represented
that
form movement of the character of
Pacific, have suffered a decrease of their net
During the time of the poo s Northern
the President.' agreement.
month, but in nearly all cases because of incontinually, not withstand- for the
disturbances kept cropping up
A or creased expenses. In the Northwest and Southwest
to avoid them.
ing the most determined efforts
gained 8074,7^3 in net for the
;
must be ronu-mberea
tl.at diflicultie.
On the con- the Burlington has
case.
were they unexpected in the present
$93,809 more on the lines controlled, and
scheme would have to stand month, with
trarv, it was known that the
has gained $2.53,007 in gross and $107,481
Atchison
perthe
its stability and
severe trials and struggles before
Denver & Rio Grande W^estern and
in
the
net
It represents
manency could bo regarded as assured.
show larger net than a year ago.
extraordinary mag- Wisconsin Central also
an undertaking of exceptional and
From other parts we have a very good return by the
it only
:
became parties to
by the Ohio & Mississippi
would be mani- Mexican National and also
it
while
and
Tery
such members would and the Ohio Eiver.
festly unfair to assume that
The stock market has been weak and lower, largely
break up the Assodeliberately engage in an attempt to
Some
nitude.
of the roads
reluctantly,
The anonly as the result of the rate situation in the West.
having their doubts they could at best
Superior
Lake
the
that
week
the
in
early
the work under- nouncement
be expected to be lukewarm in
reelement lines had given notice of an advance in rates, had a
threatening
and
serious
A more
taken.
this was followed by the failwhen
but
effect,
assuring
These,
comes from disgruntled subordinate officials.
adoption of the low
in some ure of the efforts to prevent the
deprived of the influence and prestige (and
traffic between Chicago and
on
schedules
commodity
power
rate-making
cases personal advantage) which the
the downthem, are natur- St. Paul, the market became demoralized ;
as formerly vested in their hands gave
of
a reducnews
the
the new plan suc- ward tendency was accelerated by
ally not at all desirous of having
by the
York
New
to
a failure. tion in grain rates from Chicago
ceed, and might aid in attempts to make it
that
yesterday
report
the
by
of Baltimore & Ohio, and
But all this was foreseen, and it was in the face
Baltimore
the
with
competing
lines
the other
difficulties that the Inter-State Rail- some of
ciation, yet
these looked-for
& Ohio had marked their rates down also. But
way Association was formed. We may confidently count,
as any was the
It is known perhaps as disquieting a feature
therefore, upon the effort being continued.
the Atchithat
rumors
of
circulation
persistent
very
that many of the members of the Association are
was
to go into
Company
Fe
Sante
&
Topeka
son
best
earnest in the belief that the plan adopted is the
have
rumors
The
reorganized.
be
and
hands
receiver's
without
that could be devised, and, further, that
have no foundaapparently
and
denied,
repeatedly
been
securrailroad
on
some such agreement
fair returns
that section of the country are out of tlie
Moreover, it may be expected that the Assoquestion.
ciation will be aided as far as possible by the Inter-State
ities
in
tion at this time, but their effect on the price of the
company's shares, and on the market generally, was
very marked. The stock yesterday dropped to 38, and
properties sympathized with
Commerce Commission, since the plan of the Associa- the other leading granger
The anthracite coal
sharply.
declined
fall, and
tion is nothing more nor less than an organized effort the
in the downward
participation
escaped
not
to carry the Inter-State law into effect and make it a shares have
Delaware
& Hudson, and
Lackawanna,
and
Not only that, but the late amendments to movement,
success.
have also folYanderbilts
The
lower.
all
are
Reading,
the law render it increasingly difficult to evade its prohave
the specialas
list,
general
the
of
course
the
bankers,
lowed
than
investors, none the less
Finally,
are convinced that the only salvation for their invest-
Tisions.
ments
lies in
peace and
gratifying to find that earnings, both gross and
net,continue to show satisfactory improvement over last
It
ties like
New York & New
England, and
that the market has been completely in
fair rates.
is
it
is
evident
the hands of
Perhaps low prices, added to
operators for a decline.
moral suasion, may not be without influence as pre-
coming Presidents' meeting.
For this period our
The following statement gives the week's movements
covers the third week of June.
statement on another page euabraces 87 roads and the of currency and gold by the New York banks.
This comes after 4*38 per cent
gain is 4'62 per cent.
Ket Interior
Shipped by
Reoeired by
Week endint July 5, 18S9.
Movement.
iBcrease last year on 78 roads, and 1G'1"3 per cent
y. Y. Bank3 X. r. Bmke.
Loss.
f»Sl,000
12,301.000
$1,210,000
For the fourth week of Currency.:
increase on 61 roads in 1887.
B-O.OOO
670.000 Xiss.
Gold
reported
thus
far,
and
though
with
have
roads
June 32
$3,871,000 ll.oss. 11,831,000
tl,aiU,000
Total gold and legal tenders.
some of them the comparison is with a week last year
With the Sub-Treasury operations the result is as
having one more working day, the aggregate increase is
1"33 per cent. For the month of June the increase is follows.
year.
As
regards the gross,
the latest full exhibit
liminaries to the
..
i
4 per cent on 43 roads. In the matter of net earnings,
the further returns received this week for the month
of
May
are nearly all favorable.
In view of the condi-
tion of the anthracite coal trade, it^is rather surprising
Into Bankt.
Out of Banks.
$l,2i0.0''0
16,100.000
$2,871,1100
14.000,<i00
Total gold and legal tenders....! $17.340.000
$1B,b71,000
Week endinn July
5, 18S9.
Banks Interior Movement, as above,
Bub-Treas. oper. and gold expts
—
to find a gain in both gross and net on the Central of
Kew Jersey. The same road is also ahead of last year
Bullion holdings of European banks
on the operations for the five months. Among the
roads largely interested in the transportation of bitum-
Btmkt
nious coal we find gains on the Pittsburg & Western
lines, the Toledo & Ohio Central and the Allegheny
Valley.
The Cleveland & Canton on the other hand
has a decrease, occasioned entirely by a loss on the coal
business.
In the South, the Louisville & Xashville, the
Louisville
New
Orleans
&
Texas, the East Tennessee
July
July i.lSSB.
Xet Change in
Bunk
Holdings.
Loss. $1,631,000
Gain. 2.100 000
Gain.
$469.00Q
5, IS'iS.
0/
eou.
3Uver.
£
£
Total.
Ooid.
£
£
Silver.
lotal.
£
I
23,711,898
England
23,711.892!
Crjince
47,47«,0»0 50.202.354 97,678,301
80,3'M.331 15.180 6«6i 45,512,000
Germany
21,708,031
4;,4»3,768'j8 910 283
33,»19.666 16,458.331
21,708.031
93,435 993
5.919,000,15,015.0011
20,984.000
13.687.000
3,860.000
Aust.-Hung'y
6,430,000 15,T52.00o! 21,1»2.000:
Netherlands.,!
6,620.()00'
6,6i:.oool
la.l37.00oi
5.487.000
8,i00,000
8.09B.000J
l,S4S,0O0l
4.014,00(1:
2,57a,0()0
1,290,001
NBt.Belglum.j
Tot.thl8week
49,375.00i>
1I5.11'5.20« 89,100.020 204.2«5.28'<: 113.135.463 S9.903.56fl 203,0S9,O2»
JlLY
THE CHRONICLE.
1SS9.J
6,
kTJIE FALL
^
banks) than they were on the
first day of last July.
was reached by using the figures as given
in the monthly Ijalance sheet
a differert method from
MONEY MARKET AXD THE
That
TREASURY.
result
—
In view of the near approach of the season for an
active outflow of money from New York, the actual
situation of tlio Treasury as to amount of cash available fordisbnrsement becomes a fact of considerable in
On a subsequent page we review the financial
terest.
operations of the Government for the fiscal year ending
with the first of July. How tlie Treasury stood a year
ago, and the changes which have taken place during
the twelve months that have since passed, are set out
that
But the bearing of the facts
there given on the future of the money market is of
such importance that we have purjwsely left that in-
Tend, r notes
Nutlonal Kank notes In cash
Katiunal Bank notes in ledeuip'u
we usually adopt.
Prepared in our ordinary way
is even a little more unfavorable, as is seen
by the following, giving the currency holdings in the
Treasury at the two periods referred to and also on
the first of last month.
the result
United States Treaki'reu's
Net
Ht)i.i)iN<is
July
Silver colu
liullion
iiuil
Fractional Silver in eai^U
To'al In Sub-Treasurtcg ....
Total In drpofitary banks
This has been an unfailing reliance during late years, and hence it has become the
habit of the Street to look upon Sub-Treasury vaults
The approaching need is apparent.
as inexhaustible.
Trade is active, much more active than it was a year
The foregoing shows a
reserves
Grand
decrease,
its
is,
that
to
The relevancy
when we recall
of
$52,808,742,
culation
322.006.077 319,760,.'>5i
in Treasury cash (includ-
loss
what
or
money market.
is
We leave
out of the cal-
in depositary banks, because that
can
be of no service to a market needing new supplies, it
being already in the channels of commerce ; and in
case of an emergency, if the Treasury should begin to
draw that balance down, the operation would only
increase the embarrassment.
many looking
above figures will claim
excluding amount in
bank, the inference is that tliere is an abundance left
We do not propose to argue that question
to disburse.
at any length; conservative minds most certainly will
not admit that there is any over supply of actual currency in the Treasury now. If out of the total of $2 72,328,177 in Sub-Treasuries, we deduct the $100,000,000 gold
held as a redemption fund for the legal tenders, we
Consider what that 172
only have $172,328,177 left.
millions is and has to do. Nearly 35 millions of it is (1)
Still,
that
at the
If the
lessened.
this fact will be better understood
the large bond purchases and corresponding disbursements which the Treasury found it
necessary to make last September and October for the
purpose of averting threatened stringency.
During
those two months the principal of the funded debt was
reduced $50,014,290. That total does not include the
premium paid for the bonds which was I9,.597,4.57
more, making the total payments on that account very
'•>69.2'6
total
for helping the
the extent of the
is
199,112
8,959,219
25,354,S08
since July 1, 1888,
excluding depositary banks of
In other words, the Government starts
$40,262,079.
the new year with 40;^ millions less currency available
start the season
power over the money market
254,121
4,448,966
25.335,718
ing holdings in depositary banks)
of
Treasury has at present larger accumulations, of course
its effective power for relief would be greater than in
July 1888; but if it holds smaller accumulations now,
the natural inference
24,154,736; 26,502,392
27,7 90,3 i7 29,601,085
312,590,-.'56 274,236,643 272,328,177
5S>,!)79,0 o| 47,7t>9,434| 47,432,377
.
low ; to be sure they are no lower than they have often
been before at the same date, and yet they are so low
that, with bank exchanges increased and increasing, it is
obvious they must be replenished from special sources.
The first question then that suggests itself to one looking to the Treasury for supplies of currency in case of
monetary stringency is, how does the Government's
cash accumulation stand relatively ? That is to say,
what were the Government surplus holdings
beginning and end of the year under review ?
9
47,034,843
37,983,204
283.841
6,770 3-0
26,051,741
biilliou
I.i>sal
active fall months.
18$».
1.
193.«i66,247il92,2.'.2,715 186,711,501
quiry for special treatment.
Every one is depending almost wholly upon Treasury
resources for satisfying currency needs during the
New York bank
June
1.
$
Gold colu and
quite fully in that article.
ago, while
1889.
18S8.
OF—
even with
fractional silver, (2)
i
j
tion,
and
at the
$272,328,177,
bank notes
(3) silver bullion,
in process of
redemp-
three items which do not
and for obvious reasons cannot change materially and
must be deducted from the available supply. Then
j
again there are about 21
millions of silver dollars not
and as this item has been an
increasing one for many months notwithstanding the
nearly $60,000,000.
The new supplies of currency to more active trade, we must assume that the channels
the money market did not of course reach that amount, of commerce are about as full of that kind of currency
because the current Government receipts were in excess as they can keep afloat at least that if the monthly
of the current disbursements.
What the market did coinage of 3 millions is hereafter absorbed, it will bo
get of old accumulations may be quite nearly deter- about as much as one can reasonably expect to be
mined by taking the difference between the Treasury made available. The remaining items then are what
currency holdings in Sub-Treasuries on September 1 is left for the Government's working balance a Govand November 1, 1888. That difference was in round ernment paying out about 300 millions a year, not
numbers 40 million dollars. Hence out of GO millions including bond redemptions or the management of its
disbursed on account of bond purchases the money trust funds, and furthermore having a silver currency
market received in the two months mentioned 40 outstanding to be kept convertible of 257 millions.
millions.
We all know how rapidly trade absorbed We hardly think any one can consider these facta
this outflow, the Now York clearing house institutions without concluding that the position of the Treasury
having gained no currency whatever during the interval does not warrant any large disbursement of its
covered by certificates,
—
—
while these disbursements were in progi'ess.
Now let us come back to the question, how does the
Treasury start the new fiscal year in the matter of cur-
accumulations.
Another question which the facts
thought.
We
refer
to
raise is
worth a
the possibility of getting sixty
rency holdings compared with July, 1888? In the subse- million bonds by purchase within any two months, aff
quent article already referred to, we find that instead of was done last year. Many believe that is impracticable.
having larger holdings the first of this month, tliey are It is no doubt a large amount considering the reduced
^bout 50 millions less (including amounts in depositary supply; but it should not be forgotten that probably
«
J
tIK
CHRONICLE.
[Vol,
XL IX.
The company has
other instance of the same kind.
but
the payment for
dividends,
cent
been
paying
per
There
7
could be obtained by raising
this
is only 2 1-2 per cent
mouths
of
1889
the
the
six
of
millions
July
140
of
were outstanding on the 1st
however,
is to be taken in connection
curcent,
2
i-2
per
against
held
were
them
of
4^8; only i'ih millions
distribution of 3 1-2 per
rency and about 1 1 millions for deposits in depositary with the previous semi-annual
year G per cent, and not
banks. Deducting these two items there would still be 87 cent, making the rate for the
Still, even if the
supposed.
Besides these, there are without 5 per cent as might be
millions outstanding.
about
all
of
the 4*
i)er
cents not held for currency
the quotation.
;
doubt a gotwl many 4 per cents afloat. Consequently 1889 figures do not in every case reflect correctly the
seems fair to conclude, especially after the present rate of distribution, they at least show clearly
it
With this explanation, we preteaching of the experience already had, that althou<rh the existing tendency.
showing
the dividend record of
fully
following,
sent
once
the
be
at
not
might
bonds
a sudden call for
The figures for
from
1880
to date.
at
roads
obtained
Northwestern
could
be
amount
sufficient
to,
a
responded
full years, while
1889
represent
preceding
emergency.
the
periods
prospective
any
over
bridge
to
price
a
have written the foregoing with a single object. those for 1889 represent simply the first six months in
is looked for seldom comes in its antici- all cases they cover the dividends paid within the perIf the street elects to load up with iods taken.
pated severity.
questionable securities, to depend upon call loans from
We
;
Stringency that
1
day to day and thus tide over the fall months, those
doing 80 will surely be courting trouble and most
On the other hand hedging a little
likely achieve it.
Omipanv.
Chicago
but
it is
will
possible,
may prove
a little
Chlc.
six
6moB
m
7
7
7
7
A Quincy
«M
Chic. Rock Isl. & Pac.
Chic. St.P.M.40.,prf.
St. P. M.* Manitoba
t8«
8
7
pref....
7
7
e
7
S
a
3
7
3«
7
8
7
7
7
7
8
7
8
6
S
2
7
6
6
7
en
3
8
n
«
6
e
6
3
7
8
7
6>i
6
8
7H
7
7
7
7
4
7
7
8
7
8
7
7
8
7
7«
fi
8
7
\m
6
2«
2
1
t And 20 per cent in stock.
; And 100 per cent in stock.
5 Change of
dividend periods s weUed the total tliis year. H Amount for year diminished by change of dividend periods from quarterly* to semi-aunual.
CHANGES IN RAILROAD DIVIDENDS.
first
Mllw.*St. P..
Do
8
6
7
7
pref
Clllc. Burl.
more expensive,
be far safer for oneself and the public too.
Kailroad dividends during the
18R».
1888.
1880. 1881. 1882. 1888. 1884. 1885. 1888. 1887.
A Nortbw'n.
Do
now, anticipating coming wants and making provision
while
!
1
Without exception
months of
all
these roads
show a reduced
much the same course as in the preceding distribution. The Northwest and the Manitoba are
periods for the last two or three years.
In those sec- the only ones which have not made an}^ recent change
tions where the tendency has been clearly downward, the former continuing its 6 and 7 per cent respectively
1889 followed
changes in tbe same on common and preferred, and the latter its 6 per cent
But as rate, but both are paying less than a few years ago.
pointed out on previous occasions the movement has The Burlington & Quincy, the Rock Island, the Omaha
not been entirely in the one direction. Under favorable preferred, and the St. Paul preferred, are all down to a 4
conditions, certain sections are able to show increased per cent basis, and the St. Paul common is paying nothing
In the Southwest the situation is much the
returns in the way of railroad dividends, and here too at all.
the changes the current year have been in continuation same. The Chicago & Alton has as yet made no alteraof the tendency before noted and making it increas- tion and continues to pay 8 per cent on common and
ingly manifest.
preferred alike, but the Missouri Pacific is distributing
As always happens, the dividends paid in any period only 4 per cent, and the Atchison has suspended
there have been some additional
line
which
further
mark
that
tendency.
measure the results of operations in tlie altogether. The St. Louis & San Francisco, which
Hence, as the dividends for tlie first began 5 per cent dividends on the preferred shares in
half of 1889 cover the business of 1888, which was a semi-annual instalments two
years ago, has now
notoriously bad period, it is not surprising that the reduced to 1 per cent quarterly.
The first preferred
showing for Northwestern and Southwestern roads shares of course get their full 7 per cent. The record
should be unfavorable. But it is more than ordinarily on this class of roads is furnished in the following.
difficult to judge of the present rate of return from the
reflect in great
period preceding.
Company.
dividends paid in the half year; Where dividends have
been suspended altogether, the case of course is clear. In Chicago* Alton....
some instances however reductions had been deferred
in the hope that the old rate might be maintained, and
this proving delusive a much more radical cut than
would otherwise have been necessary was made, to bring
the rate of return within the year's income.
We may
illustrate by referring to the case of the St. Paul
&
Do
pref.
. .
1880. 1,S81.
ax
7
8
8
Illinois Central
6
Missouri l*aclflc
Alch. Top. & San. Fe
1H\
8X| *«
St.
Louis
Do
;
7
6
1882. 1883. 1884.
8
8
7
1889.
1885. 1886.
8
8
•8
+10
+10
10
8
7
6
7
m
7
6
a
I
6
OH
iH
7
7
7
7
7
T
en
8
8
8
8
* S. Fr., pf.
Ut prf .:::;:i"v
1887. 1888
' And 17 in stock,
t Increase due
And EO per cent in stock.
8
8
7
7
8
8
Smoa
4
4
7
5J4
9
7
1
to change of dividend i>eriods.
Besides these changes, however, ou the more jiromiIn our tables below the dividend on the pre- nent roads, there have
been others of the same characferred shares of that road for the six months ending
ter on the minor roads, thus showing how general
and
June 30 is given at only 1 per cent. That is the amount comprehensive
have been the adverse circumstances at
actually paid in those six months. But the inference that
work.
The St. Paul & Duluth has just announced a
the rate now is only 2 per cent per annum is not correct.
dividend of 2 per cent on its preferred shares, payable
In point of fact the 1 per cent in question represents
in July, against the previous semi-annual distributions
the dividend paid in January, 1889, and which was
put of
per cent.
The Denver & Eio Grande has paid
at that figure in order to make with the three
per cent nothing on its preferred stock thus far
this year, and
paid in the previous July (the company had been
pay- the Central Branch Union Pacific has paid
nothing
ing 6 per cent per annum) 4 per cent for the year,
and since 1887. The Kansas City Fort Scott &
Memphis
this latter, not 2 per cent per annum, is
the present has continued the 8 per cent dividends
ou the preferred
rate of distribution.
In confirmation of this, we have shares, but
the dividends on the pommon stock are on a
the semi-annual dividend of i per cent now
announced lower scale than before. The Milwaukee
Lake Shore
for tlu. ,.„,,.„.,, .Tuiv.
The Illinois Central offers an- & Western is one of the newer
northwestern lines which
Omaha.
H
July
6,
.
889
THE CHRONICLE.
)
have done remarkably well still, after paying a dividend on the common stock out of the 1887 earnings,
nothing has been paid out of the 1888 earnings and
188».
;
the last dividend on
the preferred shares was put at
only 2i per cent, making, however, with the previous
3^ per cent, 6 for the year.
Pacific roads of course have not a very brilliant
There
record.
some
is
talk of an early
Company,
1888.1 1883.
N.
r.CentnU
.V.
V.L.E.4W.,pf...
8
'
A Ohio
'
sh.AMich.So
I.
-Michigan Cent
Oinada Southern....'
ci.Te.CoI.CIn.Alnrt.'
t
10
+10
S
1H
8
8
6
8«
8W
10
ZH'
8moa
8H-
7
10
10
8
7
8
Sit
Si
B
2
a
t
t
4
4
4
2M
8H
9
I
Increase due to ohantte of dividend period.
New England
In the case of the
Northern Pacific preferred, but as yet the stock remains
8
on
8
'
payment on
8
7
9
8
I'ennsrlTania
Btit.
8
....
1888. 18S7. 1868.
1884. 188S.
by
roads, the suspen-
Fitchburg, and
the reduction by the Boston & Maine,
and
The Oregon Navigation gets the 6
Pacific resumed.
There have been no
are of course well known facts.
percent per annum guaranteed by the Union Pacific, and
alterations.
Dividends in most
important
further
in the present month also pays an extra dividend of
Providence & Worcester having
oa.ses are still high.
one per cent out of a special fund realized from the
leased to the New York Providence & Boston,
Central Pacific is receiving I been
sale of some property.
declared an extra dividend of 10 per cent out of
has
per cent each six months out of the guaranteed rental
assets, in addition to the regular quarterly dividends
from the Southern Pacific.
among
Nor has
the non-dividend payers.
the Union
sion of dividends
the Eastern,
Ilousatonic,
Compuny.
1880. 1881. 1882.' 1883. 1884. 1885. 18S«. 1887. 1898.!«mos
«
+8
8
Cent ral Pacific
Orw. Kaltva; A NaT.
8
8
8
8
8
1
10
7
1
3
1
6ii
1
2
HH
7
«
S«
Dnion Pacific
8« 7
t Anfl 10 scrip.
5 Owin« to ohauge In dividend period
if;
aa liere given.
in tile year wa.H only
'
The
'
8
1
S
1
i
tlie total
paid
'
showing an imThe Lackawanna has made no
proving tendency.
change, but the Lehigh Valley and the Lehigh Coal &
Navigation are uji to a 5 per cent basis, and tlie Delaware & Hudson up to 7 per cent.
coal shares belong to the
1880. 1381. 1382. 1883. 1834. 1889. 1888. 1887. 188.S. 6ni()s
W
Delaware Lack. A
Delaware A Hudson
8)4
4>«
Lehigti Valley
4
LehlxhCoal * NaT.
It is
8
7
8
8
7
7«
7
7
7
8
6
8
8
8
B
4
5
OH
*H
S
8
5«
4M
4
9
4
7
3W
2'A
2H
the Southern roads which are to be credited with
the most decided and the most noteworthy improvement.
The Richmond &
Danville, after paying 5 per cent in
January, pays 5 per cent more the present month, mak.
ing 10 per cent
a few years ago
;
it
paid nothing.
is
giving
its
affords
a
one per cent.
1880.
Company.
Boston A
Boston A
Boston A
Boston A
1880.
Albany....
Lowell
•
Maine
'
And 10
1882.
1884
1885. 1888. 1887.
8
+8
8
•8
8
8
4
4
5
B>t
8
8
8
8
8
»)4
8
Ki
a
•Hi
8
8
ProTldenct
KltchburK
Maine Central
N. Y.N.H. AHartf..
N'. V. ProT. A Bos
Old Colony
Rutland, pref
1881.
8
10
8
6
...
m
6
2
10
8
8«
SX
8
5M
8
ea
e
10
10
10
tr
8
10
10
tImo«
8
7
9
TIO
4
3X
4
B
52
6
8
10
5
10
10
8
7
8
7
sx
7
7
7
3»«
1
IM
I'A
I
H
3
10
5
And 3'.'; in stock.
into new prcfcrrerl,
In stock.
t
Old stock e.trliansed
witli 3313 iier cent stock
dividend; an 1 2 per cent paid on tins preferred .stock in November, 1887,
alter 3 per cent on old common in January, 1:(87, and 2 per cent in
;
May,
N
1
I'iST.
Thi.s is amount
paid on new preferred stock.
Also an extra diviaend of 32^3 per cent out of amount received
tlic Old Col my under the provisions of the lease.
from
Both
& Western (preferred stock), and the Cincinnati New Orleans & Texas Pacific, have resumed
after a considerable lapse.
The Louisville & Nashville
is paying in scrip, and the Nashville Chattanooga & St.
the Norfolk
Louis
following
comparison on some of the principal New England
With reference to the Rutland,
roads back to 1880.
the dividend on the preferred shares in January was
one-half per cent, while that for the present July is
class
1880.
Company.
The
per annum.
that rate
at
18S9.
1
holders regular 1^ per cent quarterly.
its distribution annually
The East Tennessee makes
GOVEIiXMENT DEBT AND SURPLUS.
The
ing, if
close of the
for
Government year
is
a'ways interest-
no other reason than to note the rapid
I'oduction of our national debt,
surplus and revenue accounts.
A
and the
state of
the
year ago we pointed
out that for the first time since the civil war the total
is credited with
nothing for 1880 as yet. The Charlotte Columbia & of the interest-bearing bonds of the United States had
Augusta is one of the minor roads in the Richmond & fallen below a thousand million dollars— that is, excludWest Point Terminal system, which has begun making ing the Pacific Railroad debt of $G4:,623,512. Now the
after the close of the fiscal year, so
dividends.
18^J.
Company.
1880. 1831. 18S2. 1893. 183 J. 1883. 1886.
1887. 1888.
interest-bearing obligations fall below 900 millions even
with the Pacific debt included, and without that debt the
amount is only about 830 million dollars a trifle less.
—
1
Cent. RH.
&
Dank...
8«
ta
8
t
tSn.N.O.ATex.Pac.
K.T. Va.4(Ji..lst pf.
t NasliT..
IiOulsTllle
NMh.
Chat. A St. r,..
Norfolk A West.,pref
Rich. AW. Pt. prof..
Rlchiiv)n(]
1«
2
And 40 per
4
8
6
3
3
3
8
4
5
5s
4
4X
im
1
1«
8
2
1
I-3XS.
'
an
I
B
8
3
8
4
Danv'le
WIlm.Col.A Aiignsta
1
5«
1....
•8
A
WilmlnK'n AWeldon
7X
"'i"\:::::.
8
8
1
i
: cent in stock.
cent in certifloates.
8
8
t
a
8
8
8
8
8
8
6
8
3
Moreover, one can go a step further and assert that
the total of all kinds of debt, interest-bearing and non-
2s
interest-beariug,
4
2i4
allowance be made for the cash
now been reduced to below 1,000
The debt statement just issued places
if
has
Hi
offsets in
6
5
8
5
3
the debt less cash in the Treasury July
8
4
Out of 1833 earnings.
full,
million dollars.
1,
1889, at
$1,076,646,621.
This, however, includes the Pacific
Railroad
of
issues
$6-l:,623,512,
already
mentioned,
As regards the trunk-line roads, the changes are very
which the roads are expected to provide for at maturity,
few.
The Cleveland Columbus Cincinnati & Indian- and it takes no account of the
$25, 35-4,808 of fractional
apolis, after a long interregnum, distributed
per silver held in the Treasury, which for the purposes of
cent in February last, and this week gave its stockthe ordinary Treasury operations is considered unavailholders 1^^ per cent more
the stock will soon disap- able.
Deducting these two items from the total given,
H
;
pear and
be represented
by that of the company and the net amount of the debt stands at only
formed by consolidation with the Big Four.
The $980,668,301.
Lake Shore is down for 3 per cent for the six months
We need hardly call attention to the contrast preof 1839, but that represents the one per cent extra
paid sented between this aggregate and that of the debt when
out of the 1888 earnings. The August distribution
at its highest.
To make a proper comparison in this
will be 2 per cent, as before.
respect, however, it is necessary to take cognizance of
,
IHE CHRONICLR
8
[Vol. XLIX.
Kevertheless, the problem of what to do with our
namely that the debt statements now
and increasing revenues is by no means disthe
large
part of
include the interest accrued and unpaid as
As stated above, the total of United
of.
to
posed
been
had
debt, whereas the practice previously
outstanding now is less than 830 milbonds
States
interest
these
The sum of
items.
fact,
one furtlier
those
disregard
items Julv
1S80, was #10,738.551, which
1,
the
for would reduce
|o:5,93'.i,750,
«98C,6C8,30l
and thus comparison
total
if
allowed
above,
to
possible with the
is
August 31, 1865, was
figures for the earlier years.
total
high-water mark for the debt. On that date the
In the interval therefore the
stood at $2,756,431,571.
amount has been reduced 1,780 millions dollars— that
amount has been
is, not far from two-thirds the original
wiped out. Probably by August 31, 1889, (being an
even 24 years), the reduction will reach 1,800 millions.
But even that does not reflect the full extent of the
payments made, for in recent years the Government has
been obliged to buy bonds (having no debt left redeemable at its option) and pay a premium to secure
them.
is
The money
not reflected
so
spent
the
in
premiums
in
reductions,
debt
of
course
since
the
debt was carried at its par, not its market,
canceled
counting everything except the Pacific
The purchases last year were 120
Railroad debt.
millions, and at that rate not more than seven years
would be required to extinguish the whole amount,
even if it were possible for the Treasury to obtain all
At 100
the bonds, which is far from being the case.
dollars,
lion
somewhat smaller sum, the term
would be simply extended two or three years, but would
In the meantime. Government
yet remain very short.
revenues keep steadily rising, and though erijcnses also
are on a heavier scale, yet the annual balance remains
The situation as regards receipts and disvery large.
bursements is forcibly shown in the following table.
With reference to the figures for the last two years it
should be borne in mind that the expenditures in those
years include the premiums jiaid on the bonds bought,
millions a year, or a
so that to get the actual excess of revenues 88,270,842
to the 1888 total and 817,292,303 to the
This brings us to the changes for the late year, which 1889 total, giving in the one case an excess of receipts
in their bearing upon the existing situation are perhaps of 8119,612,116 and in the other of 8105,819,243.
of more immediate concern. According to the monthly
Receipts from Fiscal yfars ended
debt statement, the decrease of debt during the twelve
Intsniat
JuneSO^fiscetlnneo^ts\
Total.
Revenue.
months has been $88,938,035. But in this period bonds
must be added
Talue.
of 817,292,363 in excess of
actual amount represented
the
their face value, so that
that is, there
«!lOC,230,398—
is
debt
reduction
the
by
were purchased
at a cost
was that much surplus applied to debt reduction. The
amount of bonds outstanding, however, has been decreased very much more than that, the Government
having let out a large amount of cash. The total of the 4^
per cents has been reduced from $222,207,050 to $139,639,000, and at the same time the 4s have been reduced
from $714,177,400 to 8676,095,350. Altogether the aggregate of the two classes is over 120 million dollars less
As the decrease
than a year ago.
in the debt, less cash
1879..
IS7,2S0 OlS
1I3,5«1.610
23.015,526
273.827,181
1880..
186,522,0<<5
124,0C9„174
22,9^5.172
333.526,811
1881..
I98.15»,«78
820.410,730
135.2«4,38e
27,35 •i,281
146,4!17,o05
3fl.iUC.925
214,70fl,497
144,720.38s
8><,srtii.716
800.782,293
403,625,260
398,287,582
318.^19,870
32J,«90.706
838,439,797
371,403,277
879,260,075
S88.f 91,875
WSSI.
1883 .
IDM.
195,087,490
121,538.072
31,868,308
I88B..
18!,47I.B39
113,498,726
1886
192,005,023
11«,.S05,937
29,720,041
28.728,787
35,29 .i.993
35,878,029
31.958,314
.
217,!i8»,883
l'.8.823.3Hl
1888..
21l',091.174
1889
224.971,235
124,298,872
131.182.108
1887
.
.
Expendit ures farExcess of
Fiscal years ended
June 30-
Ordinary.
evident
1880..
1881..
•128,144,887
that 31 millions of accumulated cash went towards debt
1883..
18S3..
is
only about 89 millions,
Looking
it
is
item called the available
cash balance, we find a confirmation of that fact, for
this balance is reported at onl"; 871,484,042 now, against
reduction.
$103,220,465 July
of
money have
also
1,
at the
But considerable amounts
1888.
been released through the operations
connected with the various trust funds. Thus while
on July 1, 1888, the fund for the redemption of na-
bank notes stood at 891,952,844, now the total of
that fund is only 878,051,137, so that nearly 14 millions
of cash went out in that way.
The five per cent fund
Btiuds' about 1^ millions less, and .there has been a
r.'duction in the amount of the debt matured but not
C-dled for, and some other similar changes.
tional
The
effect of these operations
Treasury holdings of
year ago.
The
casli
very
has been to leave the
1879..
1834..
1886
,
1888..
61,345,191: 71,077,207 257.9M1,440| 145,543.810
140.236,483 68,0 1 2,574 69,180,1 31 205.408, 138 13'.>,879,444
1S4,118,6S8' 55,
5.4,'B,328, 54,578,3:8|244.1S6,244| 104,393,628
63,463.771
6,102,267 51,:<88,258;«0,228,985
152,738.412 56,
93,956,580
128,498,128! 88,401,804 50,6S0,148;242.483.1S8
1
75,029,102
I»8»
•171.026,500
87,»77,«83
•
.
6,879,800
12.5,559,039
145.161,101
•142.921,2^5
.
6.947,881
65,883.65.?
68,777,174: 95,757,575 287,842,958]
50,069,21*0 82,508,741 280,712,f88^ 100.069,405
1888..
1887
2"
receipts.
t
?
*
85,iai.4SJ 10.5.327.919
80.28.^,50^
47,74 1.577J287,1'32,1S0^ 103,471,097
44,71.').0O7S;87.924,801 Mll.341,874
41.080.612 3OO.nlH.795' +8-.52fl.880
Including premiums paid on bonds purcbased. amoai.tinfir to 12,795,820
ii
1
1880, $1,061,249 in ISSl, |I8,270,842 in 1839, and 817.293,383 In 1SS9.
+ Allowing for the premiums paid, thoactial excels la 1833 is tll9,812,lieij
and
in 1889 tU'5,819,243.
customs receipts in the
late year were heavier than in that of any other year
embraced in the statement, and we may add that they
are the largest for any single year in the whole history
of the country, being in this suggestive at once of our
It appears
from
this that the
increasing imports and the growing revenues from the
same. The internal revenue taxes are confined to a
much smaller than a very few articles now, yet
down over 7 mil- been steadily upward again
net gold holdings are
Total.
Interest.
i
126,498,453
•116,108,209
in the Treasury,
Pensions.
here, too, the tendency has
in recent years.
Altogether
the receipts are fast approaching the exceptionally heavy
8} millions, and the deposits in depositary banks aggregates prevailing before the tax reductions of 1883.
12i millions. Altogether, if we. include the 6 to 6^ As far as the disbursements are concerned, the pension
lions, the net silver over 21 millions, the legal tenders
millions of trade dollar bullion, the Treasury held on
1, 1889, of cash in its own vaults and in the depos-
payments alone in 1889 amounted to nearly 88 million
dollars, being an increase of nearly 32 million dollars
itary banks only 8296,530,064, against 8346,224,197 since 1885, and even then the appropriation became extwelve months before, being a reduction of almost fifty hausted before the close of the fiscal year.
There has
million dollars.
In addition the total of fractional also been an increase in the other expenditures of the
silver has been decreased about three-quarters of a Government, but this has been offset in good part by
million.
Obviously, the Treasury having so largely the diminishing requirements for interest.
Hence
July
diminished
less to
its
money holdings,
put out in the future.
it
will
have just so much
though the balance of receipts is not as large as in 1888
and very much less than in 1882, still it keeps above 100
.....
July
6,
millions
....
.
.
.
THE CimONICLK
1889.J
—
having been actually as stated $105,819,343.
pension payments will again show a
the
current year, this appearing the more
increase
large
probable in view of the deficiency the late year, but it
is suggestive of the pressing nature of the problem con-
Very
likely the
fronting us, that the excess of revenues should
to about 100 million dollars, even after
amount
paying out
al-
most 88 millions for pensions.
BE VIEW OF PRICES IN JUNEGOVERNMENT BONDS AND
FOREIGN EXCHANGE.
BJUCKBB8' 8TEBLINO
I...
2...
3...
i...
5...
6...
7...
8...
8...
10...
11...
following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y.
§.tock Exchange during the month of June, 1889.
RAILROAD AND MI3CELLAXE0DS STOCKS.
Lnip. High.
1 ;7
43''8
4712
B 1,
714
Buir. Roc'li. Jc P. pf..
Burl. r. R. & North..
84%
8614
20
Ciinndlau Paeirt*Canatla Soutliern
Ceutralof \. Jer.^ey..
Central Paoitlc
noifl
20
57
Ches.&O..Vot.Tr.(c'rt.
Do
Do
do
do
Chlcaco
Ist^pri'f.
?d pref.
Alton
&
pref..
Do
Chic. Burl. & QuliRj'.
Chic. AEast 111
Railroads.
(
.
Norfolk
I
Do
1
.
.
pruf..
Paeiflc
pref..
Northern
'
Ohio Ind. & West
Ohio & Mississippi
;i>i
02%
11)3
101 i-s
& Western
Do
55 St
53
lOOij 11453
35
20
59
33
i:u
I
I
Do
pref..
Oiejjou & Traus-C'on.
Peo. Decat. & E'\ illo.
Clev.CoI.Cln. &Iiia..
Cleve. & Pitts, iriiar.
Col. Hock. V:il.&Tol.
&
Col.
(irt-eiiv., jiref.
Dmbur.v
&
Del. Laok.
Den.
Norwalk.
A:
We.steru
it
Kio Graudo...
Do
pref..
Denv. A- Rio Gr. W..
Den. T. A Ft. W., cert.
Moiue.»
&
E.Tenn.Va.
&
Des
Do
Do
Vt. O..
Ga. Ry.
l.st
pref.
pref.
2d
Evausv. & Terre II..
Green B. Win. Jc St. P..
Halli ni
Hou.s. &
108i« 113:%
'S
1%
II3
31.3
Do
Leased
line.
Iowa Central
Do
pref..
& Peiuirk.
Lake Erie & Wcst'n
KinRston
.
Do
Lake Shore
Long I.sland
pref..
Mahoning
Coal. pfd..
Manhattan,
con.'^ol...
Manhattan Beach ...
Mar. Hou-h. <& On
.
Do
Memphis &
.
pref.
Charles..
Mexican Central. ...
Mexican Nat. Tr. rec.
Bflchlgan Central ...
Milwaukee
Mihv. L. Sh.
North'n
& West..
Minneapolis
4 St. L..
&.
Do
pref.
Do
pref.
&
Mo.
Kan.s.
Texas...
Missouri Pacilic
Mobile & Ohio
Morris A: Essex
Nash. Chatt. <kSt. L
H. Y. Cent. & Hud. R.
K. Y. Chic. &. St. Louis
Do
Do
^,
K.Y.
Ist pf.
2d pref.
Lack. & West...
N. Y. Lake Erie
Do
N.Y.
A-
A:
W.
pref..
New England
N. Y.N. H.
S.
iiref..
1st pref..
Paul. ADiUiith...
pref..
23114
9
12
lliig ll7is
98
99
914
9
32
1 8 14
19'e
Do
H
28
30%
6.51s
GSia
10
24
90
16
46I3 521s
32^8 38
25 14
21
45J2 19
155is I56I4
25
29
40 14 4479
30
Gl%
114
361a
84
1031a
3
34 '8
.
prel
Adauis
American
x 115
Co....
Coal and Mi.nixo.
Camerou Iron &. Coal.
43
Maryland
9 Hi
141s
96
65
14 73
1519
f>\
5%
90
92%
50
93
1141s 117
4
11
10
721s
5I4
1158
77
151%
14I2
15512
96
99
III4
31
Ontario Silver Min..
230
PeuiiKylvaiila
QuicksUver Mining..
prof.
Tenn. Coal & Iron
pref.
Ara.Cotton Oil Trust.
-\mer. Tel. &CaI)le...
.\iuer. Cattle Trust ..
Citizens'G.-L ,Bk'lyn
Chicago Gas Trust
Consolidated Gas Co.
Con. K. C. 8. AR-f.Co
Del. Aj Hudson Canal.
6 '8
(i%
37%
39 14
,3714
4058
61
891s
1 %
69
57% 62
8-% 8i>i4
18
69
110
110
139%
14!ti4
&C. F.Tr'at
43
47 14
Equitible Gas Co
125 14 12 -.14
26% 2S%
Philadelphia Co
Pipe Line CertiHcat's
Pullman Palace Car.
93
93%
101 14
3178 3618
Pacitlo .Mail
Sug.ir RetlHenesCo.
Western Union Tel.
35
57
98
2i!%
531s
74
75
8158 95
18U1S 1"0
OS's 126
At Hartford
x83% 83%
The range of Governniont beads sold at the Stack Exchange
in June was as follows:
OOVERSMENT ROSDS.
413s,
1891,
4i3«,lS91, 4», 1907,
reg.
COUfi.
Openlnff..
I0i;%
Hiirliest..
106%
10;%
106%
106T3
lOO'a
lOO's
lOG's
I-"«,.,.;t...
Clii-ing.;.
*
Prices bid
reii.
128%
12-%
128%
128%
1907,
coup.
4»,
daily
4 88
4 88
8.
4 88
4 88
4 88
12914
12938
12)i4
129=8
93
*xl28ia
6», Citr.
•99
De-
mand.
8915-90 25.... 4 88
]
891S-00
80V90
88
SOHl-Oi)' 26.... 4
i39>8-90: 27.... 4
871s 8 439.13
28.... 4 37^-8 4 89-i«
89>s- >0 29... 4 871S-3 4 89.1s
89 is-90 30 ...
8
a.
t t-S
4 88
( h8
4 83
89"s-'.iO|
8912-9
'!
H9i2-:10
89 "5-90
483
First 4 88
4 88
I
891-J-90
4 90
4 89
Laat 4 87>a-8 8»-i«
Hig. 4
i<8
Low 187<s
,8,
89i«-90l
Statistics has issued its detailed statement of
the foreign commerce of the country for the month of May,
18^9 and 188S, and for he live and eleven months ending
May 31, 1889, and 1888, as follows:
HERCUANDI8B.
1
For the
month of
r'.g.
x*131
•128%
•131
•123
•128
•130
•130
For then
For the 11
Month* endeo Months end(d
Maij31.
May 21..
Ma!/.
4131,100,002 rj03,019,0i:' f033.1(^0,993
.-,3 I,<41
QT^^Oo
11, 0.i0,929
•in 3,4-^0,' 54 f694, 137.927
68,72 J, 994 331,11»:,812 683,t)09,990
*52,fii9,197
Imports
1
Excess of exports over Imports
*10,227,937
Excess of Imports over exiiorts fl«,r.35,797 $17,69(1,758
$26i>,-9
l,78i)
1888.— Exports— Domestlo
$640,217,048
t46,103,423
5,522,i31
9-<3, 67[
Foreign
11,110,749
Total
!f-17;os7, 190 .*20i:.4I 0,317 *(i51,:i27,7»7
Imports
(-0,4 2,6981 309,6. •8,5-<l
001,036,868
Excess of exports over lm]a>rt8
Excess of imports over exports $1S,393,509' «13,28I,7G4
89,709.071
AND
Oogil
rtlLVER
1889. -Exports— Gold— L>um.
—COIM
AND
i!12,H2o,K81
.
Foreign _ 66:-l,',t02
Total
iSi 37484,783
Silver— Dom
*2.842,737
Foreign.
1,007,0-9
Total
*4,449,776
Total exports
$17,93 1,559
Imports— Gold
?753.894
Silver
_1,93G,729
Total
$2.G:jO,623
ExoPf s of exports over Impoi-ts $1 5,243,936
Excess of Imitortsovor ext>orts
$6,371,336
1888.— Exports-Gold- Dom.
Foreign
1,505,j83
Total
$7,876,7:4
Silver- Dom... $1,7.13,224
Foreign
90.806
BUI.l.lOW.
$19
_
.$2,124,030
*10,000,804
Imports— Gold
$319,279
SUver
1,03 5,358
Total
$1,354,63;
Excess of exports over Imports $8,610,167
Excess of imports over ex iMtrts
,
)!)H,1..4
$3T,:i03.354
332,515
4,557,307
$41,961,161
$23,236,037
10,177,700
$33,413,7o7
$75,274,948
$10,906,510
15 ,9O9,0G3
$26,905,376
$48,369,372
$10, 302,506
5,
363^^1
$16, 166,247
$39, 3»4,91C
$3, 700,412
_
7,
529,920
$11, 236,332
$28, 653,584
$9,569,434
$7, «76,.',75
563,1' 4
5,652, .524
$13, ,2 9,679
$15,221,938
$18,627,845
6,948,781
$23,376,626
$40,798,484
$43,641,147
14,437,531
$5^,128,725
5,
$8.
1^
..
Total
Total exports
4,
$23, 7::8,0G9
.
205,6«6
9!>S,84
$1-, 171,542
$23, 411,221
$1, 747.822
5,
242, tl-
$9, 990,240
$13, 420,931
$i7,'3'.'o',i4i
TOTAL MBRCllASIIISB AND COIN A.V[> DIILLIOS^
1889.— Exports— Domestlo .... $6G,-<53,fi20|$333i247,733 $743,646,439
3,'J5",13')|
25,766,536
15,007,2^7,
$70,103,; 36 $333,314,970 $769,412,975
Imports
342,353,144' 71(>,8 15,466
71,415,G1';
Excess of exports over Imports
$10,901,3261 $58,597,309
Excess of imports over exports $1,311,861
1888.— Exports— Domestio
$54,2( 8,033: $276,777.057l$663,4 14,327
Foreign
2,37h,9G1
13,050,931
23,712 054
Total
$57,037,994 $230,82,3.0;i3 $092,126,381
Foreign
I
Total
,
1
Imports
61,337,3.(5] 31S!,63S,821| 7:9,165,596
Excess of exports over imports
Excess of imports over exports
$4,7-UI,34ll $29,860,7831 $27,039,215
mPOKTS AND EXPORTS BV
PRI.NCIP.VL CCTSTOVS DISTRICTS.
lUPOHTS.
11
Exports.
1889.
1883.
1889.
I
t
t
t
May 31.
ImpoTtt.
Baltlmore.Md.
Boston, Mass.
Buffalo Ck.N.Y
Champl'n.N.Y
Charleat'n, S.C
Chicago,
111....
*
1,S33.82B
7,4m3.710
ig.Ul'U
ai.OOi'
\\n.-ia\
aiirt,lK3|
Louls.Mo.'
San Dlugo.Cal.
iao Fran.,Cal.
Savannah, Ga.
3,425.772
427.42«
ll.B2i,18l
2.1111,074
2.3)l,'i.jrt
l,7.'i3.472
I,3SI].8a9
S,IM.IIM
Ul.f,4^
»75.u3,s
2,312
4U,1U1
41.illS|
41.3111!
e«7..l6l
I173.SI8
7I4.U.);
583,i>)0
lOrt.iiaS
8W,>12j
11,»3«;
1J0.8U
122.127
].«52.1lSJ 4.278.iilb IS.OUi.mi
1,513,803
15,573.013
04 .1)42
1,017.917
3.132.B30
2.5S1.892
15,0ja,a87
10.7ol.2cw
81.0 W.7l?
42,0i;4.il'rt ;i(t.44S.3.t3 433,Dil."),-iO
207,081
t4.47t
4.2;J 1.202
.
17
I'^S.OSS
42'!,13i
4,«US.7i2
l(Jtl.7«7
2,i7 24i
2S.352
4,HSu,oyw
2,lrt9
7.<.0ilUi
luo.T.ia!
t5.«j:2
2e2,i3B
ISJ.BIU
111,411
i.sii.oito
4.131,1 <8
a,320,8iil 4i,2lll.i.i'l
V.m.lm.uM
l,7i5.1<4
1.202.7(M
15.505
12.201,107
1.182.149
1,541,552
4.ioi.,.S3-,i
1.74.1.14:
27,1.5«.143
27.001.293
3,210.908
1,02 1,012
*j».7.'il
J1,1*J
13,rtS9.32..
2.nOi3,;i.4
5H.055I
49,5.4 19
2,411.019 45,11.1.012
224.5.7
.i7 1.577
781.153
41,71«,«35
12t.345t
0.2'0.H43j
34i.7ii):
l,Ui.7-.;4!
IS
SS.S37
153.40J
7rt.M32.873
295.497.30.1 is7.«3i.li92
1JI,420'
2.230.1911
3;,353. lla
l,ll^».ii
bO.'M
731.095
3.551,152
.3,127.900
3,09.1.199
747.312
B3'S.4l2
all
BolU
Z.SiiJ.vtu
mi,038i
Wilmrg'n.N.C
cludlDg
43.S>I8.423
51.513.303
alS.aM]
3*1,<M9
1,450,0191
I.42i.«5»
13.703,410 15.129.55S
2,7.i3,0.>l
;
6!4.0()3l
Vermont. Vt..
(in-
&.M09,»J'l
18.au.HS
Wdlaniette.Or
Totals,
48.800.374
lil.28t.0i)S
'U.S.H
3,0411
Oregon, Greg..
.N.Y..
I'nilsdBl'a, Pa.
Portland, .Me..
t
10,.S'i3,33o
57.«2M.402
2,8J3.(1S<)
a'U.iSJ
St.
4a<.l»4
0.3..3.0HJ
3.0.13.01s
«3H,6:iJ
18-!8.
«5.wl»2
Mi.'.'ii'
0sW8gB'le..N.Y
3.241.1 <4: 13.(iuU.Sl'3|
5.in7.0llii (H.);!7.«o^'
•i-'.ljV,
Detroit, Micb.
Dulutii, Minn.
.Niagara, .N.y..
.Norfolk, Va...
1
4oa,3iii
6J5.U03
Cluciiiuatl, 0.*
UalTest'n, Tex
.vlllWkee.Wis.
Mlnn'8'a,.Miun
Mobile, Ala...
.New Orl'ns.La
.Sew York.N.Y
EXPORTS.
months eniina
11 nionthi endiJiQ
THICTS AND
Ports.
Oswego,
6s. Our.,
reg.
no sales iluring the month,
posted rates for sterling exchange in June
are given below, it being unleMtJo I that bankers' actual
rates are usually a fraction below the prices posted:
The
4'-8
1889.
60
day.
Junt
mand.
X8
t
.JC.yK,
IMPORTS AND EXPORTS FOR MAY.
104
Distillers
OroEon R'y Si Nav.Co.
45 ''8
253 265
10
35 14
55I4
87I4
National Lead Trust.
70I2
531a
hOia-Oo] 17.
89 "s-OO, 18.
891S-90 19891syOj 20.,
21.,
89Vbo 22..
sola 90 23..
89I3-O0I 24..
88
day:
Various.
69 >s
37
67
20
Ills
2S0
100
107% 109 '8 Oregon Improv. Co..
16% IS's
Do
pref.
72
39
111% 115
32^8
31
Ills
91a
141a
3413
.
11
146
25%
.
Do
43
90
142
("oal
Do
12014
91I3
90.
&
4;^
9
13
60
States
Fargo
Colorado Coal Ac Iron
Colum. & Hock. Coal.
Homcstake Mining.
95
60
2514
60
I45I11 I5013
951a
72I4
9SI4 100«i
241a
.
931s
109 Ig 112hi
C7% 71%
E.. pf.
E.\I"RESS.
Wells,
62
&L.
Wisconsin Cent. Co
24% United
21
30
GO
Wheedling
88
Total
.
65»
r-S
4
1889.— Exports— Domestic
Foreign
3
1313
St. Paul Minn. & Man.
2=i
23
.Soutii Carolina.
3
102 Ml 102 >« Sonlheru PaciticCo
2S%
14234 14-^4 Toxas Sc Pacilic
2213
20
US««
18
Do
Laud Trust
16% 19
47I4 50
Tol. .Vnn A. & No. M.
27% 32
15
16
Toledo & Ohio Cent..
30
30
21
25 li Union Pacilic
6II4
60
G
United Go's X. J..... 2ilia 23119
IOI4 11
Utah Central
32
34
734 76 14 Virginia Midland
33
35
2114 25 14 Wal). St. L. & Pao....
15% l'i'3
91 '2 as
30.'>8
Do
2-<is
pref..
514
4
IG^
27
57
111
30
84
101
Francisco.
I6I4
Loui.sville
.
&
Do
I6OI4 IGl
103''a 10711!
& Naslir..
Louisv. X. Alh. & Ch
I..
Do
Do
St.
250
Texas Cent.
Illinois Central
St.
13.
14.
89ia-90 LS.
89 la 90 16.
5314
i-j
Cin. Ind. S L. AC...
Ciii.Wa.sh. ii Bait ...
Do
pref..
89is90
4 88
Slifl
42%
Phila. & Read certs.
Do
pi-cf
JOt\ PiWsh.F.W.&C.guar.
00
7.514
ChicMU. &St. Paul.
Pitt.sMurg i Weftern.
Do
pref.
110
116
Do
pref..
Chic. & Xorthwe.st... X10J38 111
Richmond & .4'!.. rec.
IP
2i>ia
pref..
Do
l^fO'rt 14.1^
Uieliiuoud &, West Pt.
231s 2019
9.5 18 100
Chic. &Rnckrslaiul..
Do
pref..
8 --14 84%
14 14 10"'9 Rome Water & Oird.. 102
Chic. St. L. &PUI»li..
10419
37
Do
pref..
39's St. L.Alt &T. H.:..,
44
4953
36Th
Chio.St.F.Mmii. j:0.
.31
Do
pref
100 110
Do
pnf..
07
90% St. Louis Ark. & Tex.
3'8
51a
.
4«8
17«i
8
32>S
15
5
Oretr«)n
June
18 'a
9 hi
22
90
13
.
Ohio .Southern
Short Line..
137ii3
1(J5
mand.
Low. Bloh.
2<i3
22
N. Y. & North'u, pref.
N. Y. Out. & West....
N. Y. Susq. & WestDo
pref..
173
day$.
4
60
The Bureau of
The
Railroads.
De-
4^8
\i«
'.2...
EXCHANOK (PORTED BATKS) FOB
60
Jutie
STOCKS,
AUmnv & .Siisqiipli'a.
AtcUisdii Top. AS.Fe.
tlnntic & I'iioitle
9
1.7.)7,S1S
335,290
345,519
35.4!ii.573 25.™ ,039
*wl 17.4T9..P24' 19.942.238
1.4r2.V.S:J
S.SlS.HS
1.742.5771
5UJ 492
4,3ll.«»l
4.U 5.2471
2-i».
151,313
8,«5.>.»9J
S.597,297
1
I
oth'r Ulsta.) 88,784.091 M.TSfl.lU? 6«3.1100.»00 Sfll,03S."08 «9l.I^7.027 il51.S27.19 7
.
—
1
.
....$38,980,938
•» laaa
,e
31.18^8
warrhouvM.)
30,762,934
warabooM Mky 31. l»o»
iMBainiBf
without
trao.ported
h,
0«>
,o,,rt« ««. » which merch«uU«
•pprmlwDMnV nn^rset of Jai.j '"'If »"•,,,.„. .hg means of collectlDR
BammnlDK
In
la
.
Jl».X.?rof'" I';.Ar.:'^t!»'T
?o~X"uXTby ranroaU
oftice of the
The followiDg sUtement for June from the
upon the actual
Trt«urer was issued this week. It is based
depositaries and supermreturns from Assistant Treasurers,
shows the condition
Utndents of mints and assay offices, and
give the figures
we
June
30;
Treasury
States
of the Doited
May
81 for
comparison:
^
JCXK
I.NTBRBST
HAS CBASBD SINCB MATURITY.
:
DEBT BBARINO NO I.VTBREST.
$66,44)
M>l,681,0ie
•
M.O-.'j.OOO
Certldcates of deposit
Less amount hold In Treasurer's cash
240.000-
16.736,000
11:4.028,552
Gold certlttcatca
Less amount held in Treasurer's cash
JUrer certificates
Less amount held In Treasurer's cash
rnotlonal currencr
Less amount estimated as lost or destroyed....
116,792.759
37.235.793202,629,748
257.102.445
5,527.30115,292.821
8,.375,934-
Adgregate of debt bearing no Interest
6.916 690
T744,2d4,358
RECAPITULATION.
MAT
80, 188».
WUICH
O.N
Old demand notes
Leffal-tender notes
TREASURY STATEMEXT.
VMTEl) ST.ITES
DEBT
maturity Is tl.9ll,485
ARRTOKate of debt on which Interest has ceased since
f
consists of a number
InUrest doe and unpaid thereon, |153.0:<8. This debt
ItemB of which the principal amounts are called bonds.
cars
ad olktr land Tchlc lei.
for
[Vol. XLIX.
THK CHRONICLE.
10
81, 18&9.
Prfrt^ipal.
AmfU and
AtteU and
BalantM.
lL4aMHM«.
UcMUtia.
."ssj-s;
B6.8«e,«84
186,065.51!
85,84 1, tliW
Bolincei.
*
oii>-coin
BallloD
TotJjfold.
. . . .
.
.JAMHt)
»«.»«•»»
321.897,8;
16«,S»4.W)2
OTJ iOMMg
S7.3SO.U0
8!ruBSuSo?h»n<i::::|
•
aTS,4SH.2iS
4,«0tl,S23
«.2i5.08»
C»rUttc't,MUlMbUitv) 867,108.445
:255,5S7,S10
.
on hand
Cartlfloaxes
CartlSc't, Det.(Z.kii>iIi(v
Net C.!<.nole> In tr«a>
Trade dollar bullion
16.420.000
iTO.OOO
10,735,000
16,150,00(1
Matured debt
Intar't on nuitarptl dpbt
iBS,304,931
1,133,531
1.184,5m
7,4(5,790
1.91I.4SS
153.9t»
6,285,984
l,90-,925
154.489
961
827
Int. prepai>i
Dabtbcarli
Int.
on P«'
KU. b'd.-
I.93!>,70«
Int .(LtabilUy)
18,041.084
11,166.797:
Acc'd Int.,
l-KC.
my
redeemed
U. H. bonds and lote'st.
Int.ch'ck9 A coupons p'd
Kraot
Be«.
'1
cur'cy
A coup.
lot.
Bas'Tc
rnnd
'
'
6ti7,967
'
'
'
1
not*-
.64.623.512
• f
6,830,138
5,a61,557
186,189,9?1
Qutes..
—
-
8,939,819
e«sso(i«d,
The ease
week. The
4,448.W'ei
17».7«,('50
Netr«e'rr>
Poetumcedi'i
4.502,3S'
Undlstrlb'dus'uof
National bsnlu
-
•
181,740,015
»
S7,110,09«|
1,495,570|
fall'dL
-
1
-^
dena
;.««o
Redeuipt!'_li ;inJ vxctrjii
acoimnt
700,950
Traasnrer's transf'rch'kf
and drafts outstandlnii
Treasurer U. 8.. aiient fot
Total
8,£0<),198|
86,487
lJ.Col.bd>
a3,3S2.S42l
<Liat>i(Uv>
(nUon D.CoLbds pd ( <l>se(
Met
1,484!
{LiabUUti
Balance* ..(l.labilltT)
Rci balance. ...(Amel
ri.48l.04-i
Assets nor arallabte—
Minor coin
225,07:
Snbaldlarr sllror coin.
Anrecate net
8l7.095i3S,945,89«
By
Service.
jie(
5,8'14.S91
384,118
9,367
153,509
05 8O.547.a52
82,105,'J52
48.000, 2,07 7.(
1.938.';
2.31«.533
m-ts:5p.c.
paWSK
1
S.
earnings. the a.
658,2?3
25,471.970
438,409
6,926
21,514,134
4,50-i,813
S,700.5!0
11,9*3.355
48,849; 2,001,843
cash pai/i"/^"'"'"'
1.886.762
2.309,166
I
1,103.019
l,848,13.'?
57.338,980
sions.
The
in
From our own oorreBpondent.
London, Saturday, June
1
23, 1889.
money has become more marked during the
%
per cent, while
rate for call loans is as low as
actually been lent at }4 P^'' cent on several occadiscount rate in the outside market is from I1.4
to l^g per cent.
1.100
7001
pannKlnUon
776.553 31,994,614
189.030 8.'209.323
5ft.ll6j
jtalance
|
Transportation
Gold continues to flow in in large amounts
from New York, Buenos Ayres, South Africa and Au^'tralasia
and the demand for Paris has ceased for the moment. In
6,160
consequence, during the week ended Wednesday night the
782,879
net addition to the stock held by the Bank of England was
4.5«',183
nearly £400,000, and as the gold sent to Scotlard at the begin78.531
ning of last month is now coming back, the addition to the
r,«37.94:i
8,40^
reserve was as mucli as £873,000. The probabilit.y appears to
47.(129.541
be that most of the gold now coming in will be retained here,
la40J85,«S and tliat the Bank of England will for .some weeks to come grow
3S, 11 9.67 3 stronger and stronger. Nevertheless, the directors have decided
not to lower their rate of discount from 2'o per cent. They
210,122
25.1.5,295
foresee that later in the year the demands comin.g upon them
83.455.3110
will be very heavy,
Ti'ade at home is improving steadih'.
New issues of all kinds are coming out, and are expecteJ
to increase largely in numbers and amount by-aiid-by,
30, 1880.
and when the autumn demand springs up abroad there
I-
redp:
rract:
money has
"3'.595.4si
1,143,801
24,043.6
IMabnrs*8UfflciT4'b:iJ'cei*.
Current-- -"
and not
yet paid.
by Companies.
By
I^autt^vvi5(£^ammtvcinX%nQlish lien s
80.497.424
Bedemp.res'r.T.fiM^'fv 18S.«81,8e9
Nat. Bank n
•
Int. repaid
Interest
paid by
the U. S.
loo^boojodo
lemp.
Uauk
accrued
10.815,702
11,018,057
notes. 100,000,066
up. o(
78,051,137
^».
riTep
of Nat.
16.255,929
8=,«38.035
.
341,095{
r.eV I.lnMIUyi
'
l,09;,802.35l
prep'd
Debt andlnter*st.Mss«t>
UtXHnl
71,484.042
1.078.046,621
The slnklnu funds held (110,733,650 bonds and 19,241 cash) »l0.7i)2,891. of
which 1:3.216,786 was on account of Ceatral PaclSa and j>7.516,123 on account t
Union Pacific.
310,878
89,690
43.li«7
Cen. Paciac. 25,885,120
Kan.Paciao.l 6,308.000
Unl'n Pacific 27,238,512
Cen. Br. U.P.j 1,600.0<W
Totals
627
S53.11S
of liaUivay.
Principal
Outstaniing.
West. Pacific 1,970,560
SlOUlC. &P. 1,628.380
7,H80l
l,ai6.68aj
7.530
due, ontii.^
Debt and
Xame
27,790,387
6.083.638
254.121
47,789,434
!t96,330,063'.
—
»503.£ri.227
1.148,130,863
PACIFIC RAILROADS.
Interest
«9,e01.C85'
0.063,5381
199.1181
47,438,8771
BRlancp*....(A»«tl
lnt«r««c due. anpald
Accrued Interest
24,151,736
4:(.P40.SS7
t« 975.000
240,000
National Bank note*
DaDotlu In Nat. Bankj..
Public Debt ani> Int.—
Total debt, less available cash Items
Ketcash In the Treasury
Decrease of debt durinc the month
Decrease of debt since June 30. 1888
S8,50?,19!8-
"'« "*'
ia.sae.ow
"
. .
1,1(51,101,881
Debt, less cash In the Treasury, July 1, 18K9
Debt, less cash In the Treasury, June 1, 1889.,
«7«.«»8.5IH
iai.742.89tl
C. Statw not««. .(Autt)
OartlScatae lunea
905.052,064
2,065.474
741.281,352
1.640,6-3,340
.
S.S77,801
OtniSeataiOD hand....
153,988
.
10-3,852,715
!i«a.8^.7)fl
CwtlSoatM iMoed
10.571.563
1.911.483
744.284.852
Less cash Items available for reduction of the debt. .1403.271,227
100,000,000
Less reserve held for redemption of U. S. notes
18S,711.SSI
•IITW.... ..(Amt) »8-«««-^«
Tout
894,477.502
Debt on which Int. has ceased..
Debt bearing no Interest
Total debt
l»),044.ee2
OwtlSc'i. n»l.(t(aJ)flM») ne,7K,7St»
.
.SM (Old In treMorr
lu.TKB-T>ollarm,rtan<lrt,«7».084,Og
«,8i0.1M
Bnlllon
.<
Interest-bearlnff debt
5,H9,78!
A$ttt
08,83'-,830
DEBT STATEMEXT JUXE
The following
is the official statement of the public debt tt
the close of business June 30, 1889.
I.NTBIlKSr-BBARINO DBBT.
Vharacler 0/
RttUtmd.
1
«.Hs.
iset.
Q.-M.'
1907. Q.-J.
4e
4s r«fd«.certfs. V.-J.
pension
Amount
InterV
'"»"'
ttntt.
\
«
1
!
OuUtaii<Un«.
Ompon.
«
Jbl«l.
*
Int. Du* Accrue':
ifnpaid. Intentt
(
%
111.813.860
87.82\750
130.639.000
97,281,900
67t>.096..350
333.448
751.226
5;3,84B
678,810,150
119.610
47,85rl
l,19i
Vl0,0O0
J.AJ.
1
Paelllc RKs... J.*J.
S4,S8S.618'
VM,6«S,618
7.5«9
l,W!8.705
765,817.812 186,110.860
801.177,502' 1.140.060
B.434.501
la,
,
AorwaU
!
14,000,000
• WiSmiOOO natures Jan. 16. 1893; WMO.OOO Not. 1. 1893:
average date ol
atnrltr, March 19, 1895 : «S,e80.000 Jan. 1, l«9fl,
14,380,000 Feb. I 1896
Terac* date of maturity, Jan. 19, IgM ; »»,712,000 Jan. 1, 1897 ; «89,901,952
Jan
1.18*8; |ll,0O4,6«0 Jan. 1, 1999,
B
Some
is likely to be a very considerable export of gold.
even incline to the opinion that the metal now coming from
New York will be taken back by-and-by, while the situation in
the Argentine Republic is exciting much apjirehension. In
spite of the efforts of the Finance Minister to check it, the
premium on gold is rapidly rising. Private telegrams in London report it as high now as 73 per cent and there are fears tliat
On the other hand, as stated two
this m ay bring on a crisis.
week s ago, the Finance Minister lias introduced into Congress
a number of bills which he hopes will enable him to atti'act
gold. One of tlie bills jiroposes a tax of 2 per cent per annum
upon the deposits of banks wliich have not come under the
provisions of the Free Banking Law, These banks are chiefly
foreign institutions, ami the object of the nieaaure is to com.
:
,
Jolt
THE CHRONICLE.
1889.]
6,
banks to buy 4)^ per cent bonds with gold. Another
proposes to substitute 4 per cent gold bonds, guaranteetl
by the Republic for the National Cedulas. It is hoped that there
will be a ready market for these bonds in Europe, and that
by their sales the Government will be able to get control of a
large amount of gold. Over and above all this, there are
innumerable promoters in London, Paris, Berlin and Amsterdam, with all kinds of bchemes for new companies. Hero in
pel the
bill
London there
is
not, at present at least,
much
disposition to
engage in these enterprises, for the rise in the premium on
gold is alarming investors. But it is believed that the promoters will be more successful on the Continent. Altogether,
the situation is so doubtful that careful observers are apprehensive as to the effect upon our money market by-and-by.
The Banks of Bengal and Bombay have this week reduced
their rates of discount to 5 per cent.
In consequence, the
Indian exchanges upon London have declined, and '.he demand for remittances to India has fallen off. The India Council, too, is drawing smaller amounts of bills and telegrajihic
transfers, and the buying of silver both for India and for
Eurojje is less. Consequently, the price of the metal, which
rose slightly at the beginning of the week, has fallen agam to
an
4ad.
oz.,
the
same
as
it
was a week ago.
Drought
in sev-
eral Indian districts so seriously injui-ed the crops that the
.
distress in those districts is great, and relief works have had
already to be started. The distress will alfect the silver martwo ways. It will lessen the export of food from India
ket
m
will of course reduce the purchasing power of the disimmediately affected. It is lioped that the drain upon
the revenue may not be great, but to some extent it cannot
and
it
tricts
cause a falling off in the receipts and an increase in
the expenditure, diverting money which would be laid out
upon public works to the relief of distress.
fail to
The drought in India and the famine
upon the Lancashire cotton
in
China are
telling ad-
The spinning
department is not much affected, but there are general complaints from the weavers that the margin between tlie price of
yam and the price of cloth is so small that weavers are at
present working at a loss. Witli this exception, however, the
improvement in trade is contmuous and general. The coal
owners of Lancashire have followed the example of those in
Yorkshire and conceded to the miners an advance of 5 i)er
cent from the first of next month, to be followed by a similar
advance on the first of October. The strikes among the seamen are not yet at an end, and at present they seem likely to
versely
trade.
11
ported, however, that an arranj^ement will be arrived at which
will conciliate them. It is also said that the weak speculators in
Paris and Berlin have so largely closed their accounts that bankdanger to the markets, which appeared con-
ers feel that the
some weeks ago,
siderable
pectation
is
ha.s
been removed.
The general ex-
that a recovery will set in as soon as the French
Government has assented
preference debt.
to the conversion of (he Egyptian
All the other governments have given their
adhesion to the scheme. But though a recovery is reasonably
certain, in order to enable the Egyptian and Russian conversions to be effected, the Continental bourses are in a critical
Speculation has raised prices altogether too high, and
state.
the amount of stocks now being earned on borrowed money is
enormous. From time to time, therefore, we maj- expect
fresh alarms which the condition of the Balkan Peninsula will
always supply.
Political anxieties have completely stopped speculation here
in London, and their effect has been greatly heightened by the
announcement that the Chicago & Alton Company has withdrawn from the Inter-State railroad agreement. Distrust of
American railroad management had been great enough here
already. It had induced many holders to take advantage of
the recent rise in prices to sell out, and, as has been reported
in this correspondence week after week, business was exceedingly slack: the slackness has now become utter stagnation.
People shake their heads and say that their distrust is now
])roved to have been well founded. The result is that no one
is dealing at present in American railroad securities except the
arbitrage houses, and they operate only while the New York
Stock Exchange' is open. Usually business continues here in
the street for an hour or two after the Stock Exchange is
closed, but at present street dealing has almost entirely come
No doubt the stagnation has been increased by the
to an end.
Ascot races, which have taken away all the great operators
from the city, and also by the near approach of the end of the
half-year.
But the main cause is the increased distrust of
railroad management. In other departments of the Stock Exchange there is very little doing. Almost the only business is
in new companies, which are coming out in considerable numbers, chiefly in trust companies and foreign breweries.
As was foreseen, the Government has given notice that it
will withdraw the Sugar Convention bill.
It professes an intention, indeed, to re-introduce the bill next year, but very few
beUeve that it will do so, for the opposition to the measure is
very sti'ong among the Government's own supporters as well
as among the Liberal party, and it appears impossible that the
bill could be carried if an attempt was made to force it through.
Meantime, the rise in the price of sugar continues.
Other small strikes, however, are occurring, but generspeaking employers are giving advances to the workpeople quietly. It is gi-atifying to be able to add that pauperism is steadily decreasing. In England and Wales at present
The wheat market continues dull and sluggish. The prosonly 21 2 per cent of the population are so poor as to require pects of the crops throughout Eiu-ope are good, except in
rehef from the rates. This is only half the percentage of Southern Russia and parts of Germany, where it is reported
liaupers a quarter of a century ago.
Again, although the that much damage has been done, especially in Russia. The
cotton trade is less prosperous than any other important average price of English wheat in the princiiial markets of
industry in this country, there is a decrease compared with England and Wales last week was only 28s. 4d. per quarter,
twelve months ago of 5 per cent in the number of pauprs in the lowest that has been recorded for over a century. It is to
Lancashire and Cheshire, the great seat of the cotton manu- be borne in mind, of course, that the condition of the wheat is
facture.
bad, for not only was the last harvest deficient, but tlio qualAlarmist rumors with regai-d to the European political situa- ity left much to be desired. Still, tl.e lowness of the price intion have agam been current.
There appears to be no doubt dicates what is the general expectation of dealers as to the
that the relations between Germany and Ru.ssia are somewhat coui"8e of prices in the immediate futtire.
more strained than they were a little while ago. The chief
The rates for money have been as follows.
cause is the refusal of the Czar to visit Berlin. As the Gei-man
Interest allowed
Emperor paid his first visit to the Czar it was expected that
Oi)en market rates.
for deposits 6|/
the first return visit would be made by that potentate. But
Bank Bills.
Trade Bills.
IDisc't H'se
lie has allowed the King of Italy to precede him.
Lond^h
It is said
Joint
that the principal reason was the unwillingness of the Czar to
.it |7(ol4
Four
Six
Three
Four
Thrte
Six:
Stock
IMonthx] Monthshfouths Months^ Months Months Banks. Calt.l Days.
come to BerUn where he wa.s badly received at the time of his
last visit, and the German Emperor was unwilling to receive May 17
1"<-1!<
24
I5(ial« 1«» - IJs® - 8 iS2!4|2 ®2«--iH®2«
his ally anywhere else.
No doubt is entertained, however, •• 31
IX-IM
!«« - 1«® -llm -2 «81»,2 8.2^2 (32^
that the matter will be aiTanged somehow, and that in the .June 7
1«-1S<
l^-^lJihW® -a 18-2 (32« 2 ®-'NS8 (aHa
14
il«-lM
VMo - IH® -ma- 2 (ll2«2 <3,2<42 ®2K
courr-e of next month or the month after the two sovereigns
fail.
ally
.
\
]
••
'•
"
will meet.
The Russian Government has been making
suring statements, and it is certain that it does not wish for
any disturbance of the peace at present, for it has already contracted with the Rothschilds of Paris and Bleichroder of Berlin to
cany
out another large conversion of the debt.
A
pow-
group of German and French bankei-s is disappointed at
this contract.
The members hoped to be allowed to participate in the operation, and perhaps their disappointment has
contributeil not a little t-J the riunors which have had so depressing an effect upon the Continental bourses. It is now reerful
81
H'i
-m'i
-!'/<«
-
2
6iH2
<83H-2
®2«
Hit
reas-
Messrs. Rxley
bullion market
&
Abell write as follows on the state of th
Gilci— Altliough the Frencli exchanpe hns been low CEoneb to make »'
KnUl for Par's arpetir jirobalile, thtre have bein no withdrawals, and tlie. Bank lias recelvid iu nil iSHP, 000 diiiiuB Iliiw(ek.
The arrivals have been: From New York, i 150, 100; firm Natal i;ip,000;. Buenos Ayies, £20,000— total, ii-195,';00.
£b7, £00 woB tliii p<d to
rttniiiiKi Tor
Bombay.
Silver— Oil tl-.e ITtli the price of silver hardened to 421 ,, d., but as the
India Coiuicil yi aterday Eccm to have satit'ttt d tile deiii and ft r ri niittanccs. the iiiaiket Is now soniewbat ea^ie^ at 4';d. Tl e re is ro demand
except for liidbi at present. Wt- have nceived i50,<C0 treiu New
York, and shipped £185,430 to Bombay and alcutta.
'.
—
„
.
1
[Vol. XLIX.
THE CHRONICLE.
12
1« nonilnal In
M«>xl(«D aoiu™ »re In ilcin»na at 4m<l.. but tbs nDoe
and sUlpU»»«blSn€*ot l..i.ln.M. iS.OOObM •rrlml from New Tort,
menU U»ve bteu xTO.luO lo fUlna and lUu SUiilta.
The quotationn for bullion are reported as followa :
m.Juiu
'junt
Loiulon Sfandnnl. Jitnt
IS.
SO.
Junr 13
(oM.aii*....o(.
We
in
3.
gave the statement for June 1
page 7.54, and by referring to
that the changes made during the month can be seen.
on July 1.
Chkonicle of June
DeMCriplion of Bonds.
d.
d.
o».
BarilWar.
Bar •llrer, oontaln-
tola, contain^
M4wUfllT*r..o«.
paii.dnabUKjns .oa.
depositariee
U. 8.
BIUTBB.
OOLO.
Bar
Bar
:
IncSfn. gold.oi.
45 5-16
oi.
r«ketllrer
Mazloan Iln1'....ni.
Bondt Held July
1889,
1,
lo
Bank
Secure—
Public Deposits
in Banks.
Circulation.
$1,403,000
10,849,500
32,8 19,500
$4,324,000
42,109.900
101,371,030
$5,727,000
53,259,400
134,190,550
$45,072,000
$148,104,950
$193,170,950
Cnrrency 68.
4>* per cents.
4p«rcent8...
414
Total
Total Held.
and open market rates at the
Changes in Legal Tenders and National Bank Notk-o to
for the previous three weeks July 1.— The Comptroller of the Currency has furnished
and
now
chief Continental cities
us the following, showing the amounts of national bank notes
have been as follows
June 1, together with the amounts outstanding July 1,
A/l|/ 31.
and the increase or decrease during the month; also the
.run« 7.
June 14.
Junt 21.
changes in legal tenders held for the redemption of bank
Rttl$Ot
Open
Open Bon* Open
BanJt
tntiritt at
notes up to July 1:
Ortn Bank
Banll
rate of discount
The Bank
:
JUtt. iMarlitt
.....
Madrid
Tlanna
Bi. Petertbarx.
Oopanhaaan....
2)4
3
SH
a
2W
3
4
2«
3
2S<
8W
4
3«
Amount on
3
S
6
4
3
8
5
3
Amount deposited durinst June
Amount reissued & b'nknotes retlr'd
3H
a
SH
9H
»H
3
4
4
«
3
i!4
8
a
8
Brtuaflli
Marhet
8
a
3
3
rrankfort
Anjiterdaai
liaU.
2«
IK
1«
IX
SM
s«
W4
a
8
8
an
an
4
4
Marka
Aa(<.
3
S
8
s
Bimbtini
Bale. Market
m
m
SM
a
Parti
Barlln
4
e
6J4
8
The following return shows the
3
m
8
IM
3
15*
8
Bank of
position of the
England, the Bauk rate of discount, the price of consols, &c.,
compared with the last tliree rears :
droalatloB
Pnblle depottu
Otbar deposits
18(9.
1888.
S
B
.1887.
23.979,390
24.380.S0<<
5,8U3.<iga|
10.1»».3a»
24.2(11.710
e,O04.74:t
24.931.212
28.480,023
25.811.222
OOTammantuoorltlM
15.014.994
16,753,391
15.589,iK).3j
14,583.435
Otbar aoarltlai
22.597.892l 19.4"8.761
15,»S5.Si« 18,369,772
18,853.915
20.815.121
15,190,145
12.Wl,ll02
2I.«49,102
23,731.855
21,087,672
Baaarraof noUi and
Coin and bnlllon
oola....
'
Prop, atieta to llabillUw
Bank
23.5;5.8lii!
42K
p. 0.
!H
rata
Cooioli
41M
2 P.O.
2 P.O.
p. o.
2)^P.O
97 11 -1«
Claarlng-HooM rettm
159.et8,000 150,167,000
79,204,00C
United Kingdom during the
of cereal products into the
compared with previous seasons:
18S8-9.
Wheat
1887-8,
37,21 1,355
l«,57i 1,207
1886-7.
1885-6.
41,38n,508 39,064,719
9.118,R40
14,4S2,443
13,.'.31,.'>94
ll,01T,imi
8,631,981
2,«22,844
2,109,930
1,6'J0,7(U
2,237,9!i4
2,0^4,801
2.68J,024
18,8-13,134 23,.'>35,880 23,610,187
15,31(j,063 13,917,475 11,486,361
..CWt. 49.13R.179
lli.240.103
Barley
Oats
Peas
l'.',(i'<',4.')2
2,020,715
2.64H,482
Beans
Indian com.
Flour
2,3,783,(108
11,594,121
1887-8.
Imports of wheatcwt. 19,138.179 37.214.3.'55
Imports or tluur
11,594,121 1.5,;l«,<>63
Bales of home-bTOwn. 31,081, §05 33,81*7,498
1886-7.
41,380.508
13,717,475
28,700,394
83^7,916
83,998,377
Total
91,814.100
^
^ wheat
^ ,
Aver, price
Aver, price wheat
18S8-9.
-week. 28s.
season. 3lB.
4(1.
0.1.
7il.
5d.
35s.
323.
Id.
31s.
4.1
Hd.
3.)8.
8d."
flour
and
shows the quantities of wheat,
Tlie following
maize afloat to the United Kingdom:
^•"at
Floiir,
qra.
equal to qrs.
Maize
ara.
Thitmetk.
1.320,000
Lnxi week.
1,347.500
240.000
498.000
237,000
437,500
1S8S.
2,238,000
197,000
419,500
Jfon.
BUver. per o*
d. 42
42
Consols, new 2\ percta. B85„
987,,
do
for account.
-- ,,
987,„
985,,,
Fr'oh rentea (In ParU) fr. 8470 841()
V. B. 4>isor 1891. .
108^ 109
U. 8. 4sof 1907
131
13l>4
Canadi..:
Chic. M
^
•!.
Erlec.
Illinois
i
I
iiiinil
Penusvlvaiila
42
0S«8
8415
109
131
>4
57 Ml
57»9
72
27 Ss
72"^
72 'h
117i«
117>9
52-s
24 Ml
II014
.^25^
Rea<UnK. 21^
York Central
110>4
PhilHdi'Iidila
Hew
&
..
Tuet.
27 3»
Wed.
1897
1,910 500
189 300
384500
Deposits
by—
llareh
71>,i
27 13
116
52',<
24 »g
52^
;09>9
109%
2433
April
1.
$78,970,924
939.822
970,386
6,660,394
Insolv't bits.
LIqiild'g liks.
Red'c'g uudr
act of '74.*
May
1.
July. 1.
,7M>ie 1.
1.
$
968.492
9(9,434
6,539.233
0,583,631
6,361,751
932.441
6,200,332
75,713.330 75.334.928,75.611.364 74,236,329 71,833,151
•
83.'44.1I0 82.a^8.38ll»3, 150,033 81,586,572 78,970,924
Act of June 20, 1874, and July 12, 1882.
GrOVERNMENT REVENUE AND EXPENDITURES.
Thur$.
Jnlr
Anffust
Oas-
liUer't *f*»':''«
tome.
Rev^ne Sourc's
t
19,498
t
9,533
2,154
Inter'l Miac^li
Hev*iu,Sourc^»\
1
I
31.205
$
13.215
(
9,768
23.574
20.799
10,442
2l,l<H9
10,032
2,022| SJ.62.^
September
!8,9s3
10,2e2
2,453i 31,69S
Octot)er
18,787
15,»<5
12,»n
3,255| 34,103
10,393
2,912
28,590
16,940
10,423
2,rj5
30,lli0
18,709
15.742
11,9K2
3,215' 34.39S
lf,277
2,187'
November....
December...
January
February
.
11,212
10.487
9,8-11
10,702
9,400
9,080
9,110
»
2,832
;
I
jotaX.
t
80,815
2,8.57 37,653
2,619 33,860
2,627 31,803
8,506 29,129
3,19S] 29,182
30,778
31,152
28,838
3,1261 30,636
3,09.)
20,712
10,471
18,768
19.172
30,133
19,6»1
March
10,001)
1,^33^ 81,014'
17,621
April
19,997
10,»4'
2,91)3
.33,837
17.831
9,7-29
May...
June
17,22.i
15,M)8
11,723
2,743' 35,773
13,837
13,291
H,926l
3-2,854
3,397, 3'.',758,
18,01:-.
11,213
3,-.J83l
3-2,491
9,178
2,asi
2,187
j
17,6;M
Total 12 mouths. 234 ,971 131,682
31,959:188, 392:219.091124.297
35 878 379.268
(OOOs Omitted).
1887-8a
1888-89.
1
Pen-
In-
sions.
terest.
'UTTU.
t
8,779
*
133
Prem- r„ta,
10,980
9,474
...
10,964
891
17,174
4,211
13,261
12,486
21,4S6
617
73
2,149
512
13,2«0
Not
In-
t
t
11,443
—
439
Pen-
sions. terest.
14,756
14,554
Sept
Oct
Ordinary.
t
36,142
12,851
July....
Aug
OrdU
nary.
8.933
2x,196!l
10,428!
14,793
713
2,51)6'
5,079
19,530'!
11,594'
2,916
6,707
4,518
82,610
11,351
1,121
2.516
7,237
9,372
18,163
518
20
826
2,5ri4
1,303
l,u32l 36,3116
70-18
Deo....
27^8
Jan
Feb
15,433
2,185
8,285
651
2.1,554
11.881
20,915
688
853
24i«
10988
2378
March..
12,987
1,473
1,90!!
811
33,737
16,973
April.
13,588
410
6,578
1,8S2
May....
11,947
10,932
11,436
605
471
879
1,716
223
109%
C\t9'
toms.
rot«!.
71
27 59
116
5278
117
thO
RECKii'TS (OOOs omitted).
m.
52%
—Through
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the tletails of Government Receipts and disbursements for the month of June.
From previous returns we obtain the fl.<ure3 for previous
months, and in that manner complete the statement for the
fiscal years 1838-89 and 1887-88.
msBUHSEUENTS
421,8
421,
42%
98I3
98iirt
9811,
9s»,g
98»,«
98%
84-22 la 84 05 33(15
109
109
109
131'4
131 ij
131 14
5H"s
57 >8
567„
27n8
II714
2,615,648
According to the above, the amount of legal tenders on
deposit July 1 with the Treasurer of the United States to
redeem national bank notes was |78 97(»,934. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the first
of each of the last five months
EiiKlUli Fliianelal .Harketa— Per Cable.
«a<.
$31,586,572
$1,951,105
4,566,753
June
Circulation of national gold banks, not lucludotl above, .$163,602,
*
Tlie daily elfjsitig quotations for securities, &c., at
London
arc reptjrted by oal)le as follows for the week ending July 5:
IdOndon.
lu
Amonnt on deposit to redeem national bauk
notes July 1, 1889
1885-6.
39,004,719
11,486,501
36,595,551
87,146,831
1886-7,
1885-6,
1887-8,
318.
30s.
4,140,524
,$211,215,361
deposit Ut redeem national bank
notes June 1, 1889
Supplies of wheat available for consumption (exclusive of
stocks on September 1):
l,88«-9.
1889*
1,
Legal Tender Soles—
Total
forty-two weeks of the season
first
Amount outstanding July
$215,355,885
$4<7.390
4,587,914
91,083,000
I
The following shows the imports
.•JalUmal Bank Note»—
Amount outatandinsr June 1, 1889.
Amount issued durlngjiue
Amount retii-od during ,rime
22,4jS
21,449
13.730
I0,18il
12,210
9,461
1
1
1
»,-31
474
9.696
9,863
3.:«!
13,557|
H.561
12,234
11,146
545
8,006
2,590'
1
Prem-! 2alal.
'UTIW.
1
t
35,137
464 28,398
1,764, 18,790
921 20,333
3 28,254
12,770
21,867
19,898
2,5C0'
7,2«6i
1.5,.517
442
3,546
24,861
27,457
16,643
•mumeicctal ana misczlUueons Hews
June
B0KD8 Held by N.4T1onal Banks.—The following InterestIng statement, furnished by the Comptroller of the Currencv
U0W8 the amount of each class of bonds held against national
tank circulation and to secure pubUc moneys in national
bank
CODJAOE BY United States Mints. The following statement, kindly furnished us by the Director of the Mint, showa
the (X)inage at the Mints of the United States during the month
of June, and the six months of 1889,
...
9,616]
1,43:
f
12
moB. 153,734 87,977 41,061
17,^9:^ :J0I1.085
134,650
—
80,-i89 44.715
8,271; 287,923
.
July
. .
. .
THE CHRONICLE.
1889.]
6,
Six ilnnlht of 1889.
June.
Denomination.
Talue.
Piece*.
Taltie.
Piece*.
Sonble eagles..
M.528
EagleH
Half eaKlra
36,035
26
55
130
165
55
65
17,626
41.0(i5
825
825
825
88,495
1,392.095
667,165 10,547,495
3,2G4,llO
3,261,110
18,216,460 18,216,400
110
110
250,110
27|
460
460
25,011
275,014
3,511,441
3289,203
894,(510
44,730
19
44,366
Total gold
BtaDilard dollars.
ddlliirs
,
dollars.,
luies
Total silver.
Five cent*..
Three cents.
One
8.031,960
2,470,350
26
825
.
Half
401,598
247,035
130
165
Three (loUarB...
Simrter eagles
uUars
8nailer
l,030,.'i60
380.3.'>0
2(>
55
610
4,136.610
cent....
Total minor
Ttoal ooinaee.
230
115
27,501
18,492,394 18,244,306
6,724, "60
2.760
26,l&8,5tiO
5,331,830
89,115
32.925,88u
8,934,765
4,770,413
52,085,439
336,228
83
261,985
—
week end-
The following are the imports at
ing (for dry goods) June 37 and for the week ending (for general merchandise) June 38 ako totals since the beginning of
the first week in January.
FOKEION IMPORTS AT NEW YORK.
for the
;
For Week.
1886.
Dry Goods
Qen'l mer'dise.
Total
Alice Jan.
1887.
1888.
1889.
$1,197,356
6,133,159
$1,864,712
7,; 05.863
$2,011,663
7,00j,H5;
$2,088,583
7,956,113
$8,130,515
$9,570,575
$9,015,108
$10,044,996
1.
&
&
— The
Anctioii Sales.
—The foUowin;g were recently sold at auction
by Messrs. Adrian H. MuUer
& O. KK.
$1' ',000 Bait
Div).
l8t, 58.
(
Son
Shnre*.
45
1925
RE.
,t int.
&
.f2.000 Chicago 7s,
175,942,895
$3,000 Chicago 78, water, '92.
iut.
490 Stout
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
-week ending July 2 and from January 1 to date:
specie)
NKW YORK FOB THE WEEK.
1886.
Ptbv. reported..
1887.
1888.
1889.
$1,726,617
111,237,944
$6,310,756
161,a32,725
1
.«5.870,686
114,626,142
$1,000 Chicago 7s, river imp.,
1895
116'<&iat.
$10,000 Br.ioklyu 68, p rm.
water loan
120^8 & int.
$1,50 Jefferson Fire Ins. Co.,
scrip, various
23U
$23,0
West Pt. Mauuf. Co.
of Nell., 68, .5-20 years
20
The following
at the port of
since January
1888 and 1887:
EXPORTS AKU IMPORTS OF SPECIE AT
DATED JULY
Week.
Germany
West Indies
Mexico
South America
«l.',33:i,591
2,611.001
23,t)48,032
300,653
10,000
All other countries. .
.
.
.
Since Jan.l.
*950
Week.
3,557.099
96,613
10
26,.500
2,217
1,675.312
76,200
'12,955
$2,922,601 $40,716,761
1.000 11.917,776
40.5851
5,^67,781
Exports.
Since Jan.l
$3S0.561
$9,733
1,323,828
1,313,105
o ooo
,
lat.
DUK JULY
1889.
1st,
1899.
C uipons January an July.
1
Real valuation of raxaWe property
Assessed for taxation at
Total debt, iniludiug thl.-» i-isus
Total city debt Jan. 1, 1889
NEW YORK.
.$71,000,000
$30,538,210
$170,(KX>
$1,575,.''.00
Population
125,000
Price and other particulars on application.
coFFi.\
srA.\ro.v,
72 BROAD W.IV, ISHW VORK.
*;
B.\NKERS.
$3,718,861
4,310.238
5,009,015
28.79,
11,119
l^^inattciaX.
PRINCIPAL AND IXTERE.ST PAYABLE IN
119.712
32.888
91.893
483,571
$121.5.=.&
J!^
BeiiiMiiinatlnn $1 .000.
Bold.
Great Britain
France
^
ittitX
CITY OF I1VDIA:VAP0L,1S, 1%'DIANA,
4 PER CENT SCHOOL BOM)«,
NEW YORK.
Import*.
JExporis.
Total 1889
Total 1888
Total 1887
^xnUiaQ
New York
1,
$16
16112-161 3i
(suar.)
shows the
Storage
Fire Ins. Co...l08'a
100 North Kivi-r Ins. Co
90
84 National F.-rtillEeriC -emation Co
$100 lot
Electro
1,000
Pneumatic
Transit Co
$25 lot
50 Burl. Cedar Eap. & Nor.
RK. Co
23
50 Automatic Oi)era Glass
Co
$100 lot
S flares.
200 Cleveland &. Pitts. ER.Co.
expoi-ts and imports of specie
for tlie week ending June 39 and
1889, and for the corresponding periods in
table
&
Eleitric
.50 Jeffer.-son
)
Total 26 weekc. *152,.i37,542 $150,496,828 $145,961,591 $170,673,181
157V
Battery Co
l'i8«8Ji!lnt.
Total 26 weeks. $216,9.17,586 $236.118.497 $210,257,426 $253,003,011
& Chic.
Ft. Wayne
(Kuar.)
20 Nat. Bank of C»iiimcrce.l93ii
16 Butchers' Hide & Melting
Assiic'ation
69
5 Con.sumt-ra' Ice Cj
50
107 Trad, smnn's Xat. Bank.-lOO'a
50 WrltiuKTilpgri»phCo....$65
109'x
106
'90.102\
Pittfl.
!
$3,')Oo Jersey City es, water,
1895
:
|
Pitts.
•B60.175,0n2| $64,671,129, $6«.670.833
175,586,297| 181,332,208
&
Bond*.
$2,500 Peni)le'8 Gas-L. Co. of
WestchesterCo. M.Y.,l»t68,
Jail. 1, 1888. coups on
...$115
159,563,031
$6,883,163
115,054,379
new
—
«!57,434,552
For the week....
offers a
—Attention Ls called to the offer of $80,000 Indianapolis
School bonds, by Messrs. Coftln and Stanton, of this city and
London; as the total issue of these bonds for school purposes
is but $170,000, persons rlesiring to purcliaso will do well to
give them early consideration.
Messrs. S. A. Kean & Co. offer in our columns to-day some
$48,000 of Michigan City 4 per cent bonds. See advertisement
in another column.
,
EXPORTS FRO.U
now
Eiiuitable Life Assurance Society
policy
Oen'l mer'dise..
Dry Goods
&
:
&
which has no conditions on the back. This policy is
mcontestable after two years from date of is,sue. It grants
598,296 freedom of travel and occupation after only one year. It is
payable immediately upon proofs of death, and entitles the
29,390,097 holder to Tontine profits at the end of a fixed period.
Imports and Exports for the Week. The imports of last
week, compared with those of the ])rece<Ung week, show an
increase in diy goods and a decrease in general merchandise.
The total imports were $10,044,996, against $9,907,970 the
The
preceding week and $8,013, .501 two weeks previous.
exjiorts for the week ended July 3 amounted to $6,340,750.
against $4,949,982 last week and $6,.5.56,401 two weeks previous.
New York
&
—Messrs. H. B. Hollins
Co., of this city E. W. Clark
Co.. of Baltimore,
Co., of Philadelphia; and Wilson, Colftt<in
invite subscriptions for $5,000,000 first consolidated mortgage
5 per cent 40-year gold bonds of the Savannah
Western Railroad Comjiany, guaranteed by the Central Railroad
Banking ComiMiuy of (Jeorgia, interest payable March and September by the Central Trust Comjiany, of New York, trustee of
the mortgage. The mortgage covers the entire projierty of
Western Railroad, including terminals and
the Savannali
equipment now owned or whicli may be hereafter acmiired by
the company. Sub8cripti<in books will I.* o|>ened on Monday,
July 8, at 101 1-2 and accrued interest, and will close July 11,
or earlier. The New York Stock Exchange has been ap{)lied
The right is reserved to reject any
to for listing these bonds.
proposal.-', to reduce tlie amount to be awarded, or close the
subscription at any time without previous notice.
&
%
9
13
July
Import*.
Investiiients.
Silver.
Week.
Great Britain.
France
Germany
West Indies
Mexico
Bouib America
All other countries.
Total 1889.
Total 1888.
Total 1887.
$335,215
5,000
Since Jan.l.
Week.
fSitiee
I.45t,939
137.300
1.075
133,688
Jan.l.
$68,132
598
2,203
'85.010
139.609
173,0^5
1.170
33,951
45.601
38.063
682,441
$193,!'76 *10,012,616
214,830
5,71-',860
328,10.1
5,302,102
$37,324;
$819,818
2-1,458
1.018,463
1.055,074
18,.i00
125,006
10,255
2,092
Of the above imports for the week in 1889 $9, .563 were
Amei-ican gold coin and |3,888 American silver coin. Of the
exports during the same time $137,659 were American gold
KANSAS CITY,
aO-YEAR
book has been very successful, the
first edition having been
sold within six montlis of its publication.
The second edition
will be an enlargement of the first by the addition of some
fifty pages of new matter; it will also
contain several new
PER CEXT BONDS.
ToAvnsliip
of Cliatfield
Fillmore Co. IMinn.,
com.
— A new edition of "Colonial Times on Buzzard's Bay," by
Wm. Root Bliss, is now in the hands of the publishers, Messrs.
Houghton, Mifflin & Co., and will be issued August 1. The
4
MO.,
YEAR REFUNDING BONDS,
5H
P. C. 10-20
And
other desirable investment bonds paying from 5 to 6J^
per cent interest.
The book is very entertaining and instructive,
and should be read by everybody who g<jes to the shores of
iJuzzard's Bay for a summer vacation, as well as by those who
are interested in the colonial life of New
England which it
illiutrations.
charmingly depicts.
GRISWOED
S
WALL
A.
STRKEl',
GIEEETT,
NKW YORK.
:
,
.
The
July
Tbe following dlvMtnd* bav-
recfntly l>een
wnoanoed^
Rallroa4a.
July
Aug.
i«r.) ...
liwe tera
rill,, pre!
2««
Juljr
2
July
July
July
July
July
July
July
July
July
tl2&
4
ihtT«u
4
4
Vilami
i'.rniuontb
—
2>S
3
I
pref. (qu«r)
3>«
Bank*.
3
3
4
3
5
.1
.Vational.
'I-
limurance.
Bowery
...•.
y,..„ir..
I-
*•
3
3
tv
e
.
;• «
6
Fin
llIlacMlaneoua.
Litre So 111) Ikiil N. KK. .V Ooal..
1
17 July 27 to Aug. 18
1!
»'
22 Juiy'l4"to July 21
IS
2
a
,1
-"••----"'=
^^'•--•-"7
to July 15
l5!Juiy
on London
3^
Bremen (relchmarkg)
95'g a9o'*_l_ga^^ay
tto
unchanged.
The Treasury purchases have amounted
for this
week
to
4i^8, at the usual price of
all
as follows:
is
4
Cent* dut 1891.
Ottrimo: PitrcKa. Pricea paid.
1...
On
On
dcm.'..dem.'...
8
Jnly
Batnrday
On dem.
On dem.
Tuesday....
70«,60O
Wedn'sday.
617.550:
. .
Thursday..
Friday
WALL STREET, FRIDAY, July 5. 1SS9.-5 P. M.
markets
The Money .Market oiid Financial Sitiiatioii.-The
the liolulay,
have l*eii rhockod in activity by the occurence of
The hrniness and
and the t.me hius been perceptibly weaker
characteristics of the
et^n buoyancy which have been notable
ana
market during the past two months have been lacking,severgeneral. There are
quite
been
has
i.rioes
in
reaction
the
tone, and chief among these is
al reasons for tliis change of
of railroad rates
the reiicw,-<l difficultv about the maintenance
possible
atth.'Wesf se<-ond'to tliis has been the talk of a
futuie again,
Hcarcitv vf monev and liigher rates in tlie near
63,400
766.500
613.000
68.700
106K
Hell day
H7.B00
1S9,600
129,600,
Prices paid.
t
»
1,000,000
170.000
128
1.34S,«00
108M
],916,000l 1,688,290
Total.
Per Cent* due 1907.
OSerings. Purch'tt.
» 50.751)
{69,230
eff,4ivi|
Monday
9 JiUy
_
trifle more busirnited States Hoiids.— There has been a
the Stock Exchange
ness than usual in Government bonds on
rri. tliere
tlinrp has been no activity and prices are
week.Though
4M Per
J:ily
iai./*,d
\
bank, §1
The statement
9
is^^sis
~"
I
exchange on New
Tlie followiiic; were the rates of domestic
buying
York at the under-mentioned cities to-day: Savannah,
par, sellmg
nar selUnir 'i'SW premium; Charleston, buymg
25c. premium;
Kdz-\6 premium; New Orleans, commercialChicago,
par.
premium; St. Louis, ."JOc. premium;
July
July
July
July
July
2 to July
4 89
4 ^Ji^o^i,
.
* ^*^';* ^^^i,
SI 623 950 for the week, nearly
3
JiUy
4
3
Kiro
C)tlxen»'
FrantfiJit
{^Dayiintlutivt-)
OmtL
,.
bills
(miiics)..
or
Demand,
BUtty Dayi.
.
nocun.ei.tary commercial
Bookt Oloud,
1fk«H
tnu.,
baakere are as follows:
'.
Prime hankers- stcrUug
D V IDBIf BS>
.
rates of leadins;
gautiers' Ciaiette.
ght
XLIX
[Vol.
THE CHRONICLE
14
l,,..u-.
—
1
I
The
closing prices at the N. Y. Board have been as follows
Intercm June
Ftriods]
veK- Q.-Mch.l
4«,
49,
1891
1891
1907
1907
()8,
cur'cy,'95....rei5. J.
4I2S,
4i!!S,
;
rather sensitive tone
the dealinfis in trust stocks liave given a
their rapid advance has
to the Stock Exchange market, and
of a dekept all parties on the alert for tlie ftrst indications
Added to the.se several influences has been tlie fact,
cline.
which we have fre'iuently alluded to in recent weeks, that the
advance in -tix ks from the lowe.«t iJoiut reached in the spring
<•
'I
and it was more than probable that there would
lias i«'-"
sales to realize before midsummer.
Ije,.,
ivs a shade of uncertainty about the last half of
X)i,
point
the year, ^ud the first of July period is often a turning
from which there is a new departure in one direction or the
of the
other, and this year that departure has been in favor
b^rs, however short may be its continuance in that same in-
.
July
July
July
lOfA '100%* 10634
July
4.
;i.
2.
1.
1*108%
'10634
•106%
I
reg. Q.-.lan
128 J2
129 "a
coup. Q.-Jan .1*129
—
This
July
coup Q.-Mcb. 100% *106% *106% •1063i'
T-titr
«a /,.i,.i.^fT
'Qft
res.
cur'cy,'96
i-eg.
tia, cui'cy,'97
(is, cur'cy,'98....Teg
reg.
6s, cur'cy,'99
•
29.
:
.1.
&
At
&
&
&
&
J-l*}!?
.1.
J.
J.
J.
J.
*121
121
'124
128
»130
•12S»3 12812 'I28I3
*x28'-.i 12S>2 'I2313'
*118
*118 ,*118
*121
•121
'121
I
»124
*128
*130
1*124
,
1*130
;
no
I
*12-*
*12S
U tUe price bid at tlie morning board
•124
I
I
»136
sale
I
,*128ia
,*128's
,•118
.*121
•124
*128
*130
was made.
State and Railroad Bonds.— State bonds have been dull.
Louisiana consol. 4s only having had several transactions,
Alabama class A sold at 104 >^; Tennessee
closing at 89.
settlement Ss at 75; North Carolina consol. 4s are quoted to-day
at 971J: do. 6s, 124: South Carolina 6s, non-fundable, 4J^;
Tennessee settlement 6s. 106; do. .5s, 104; Virginia 6s deferred. 8.
The business in railroad bonds has partaken somewhat of
the holiday appearance which has characterized the stock
market. There have been few special features this week and
market has been somewhat irregular. The rise in Chesathe
Raiiroad earnings keep up remarkably well and the BurUng- peake & Ohio consol. Os may be mentioned, as also the weaknet
ton & Quincy statement for May shows a large increase in
ness in Reading incomes and Atlantic & Pacific 4s and incomes.
earnings over the same month last year. The Atchison statethe
to
ment for May will be awaited with interest, owing
Railroad and Miscellaneous Stocks.— The approach of the
sharp break in that stock this week.
Fourth of July is usually accompanied by a very dull stock
on
week
the
during
The oi)en market rates for call loans
market, and this week has been no exception to the rule,
stock and bond collaterals have ranged from 3>^ to 7 per cent, though it is true that business picked uji somewhat in volume
commercial
Prime
per
cent.
were
3^7
and to-day the rates
on the day immediately preceding tlie holiday. The activity
paper is quoted at 4'(i5 per cent.
was confined to a few leading stocks, however, and on all
showed
Thursday
statement
on
weekly
England
of
The Bank
other days the market has been very dull. The tone througha loss in spec-ie of £225,000, and the percentage of reserve to out the week has been unsettled and irregular, and the tenliabilities was 41 •.54, against 43-75 last week; the discount rate
The continuance of the Western rate
dency downward.
remain.s imclianged at 2}^ per cent. The Bank of France troubles has been the most important factor in tke market,
gained 41,171,000 francs in gold and 2,825,000 francs in silver.
tmd caused the weakness which has prevailed. The decision
The following table shows the changes from the previous of the Western and Northwestern lines to put into effect what
week and a couiparison with the two preceding years in the are called the " special commodity rates further unsettled
averages of the New York Clearing House banks
confidence.
Atchison has been somewhat unsettled lately, though with1888.
1887.
Diffr'neft fr'm
1889.
out any specially new causes so far as the public is informed,
July 2.
,7l.»i>30.
June 29.
Prev. Week.
and there has been considerable bearish pressure against it,
much of this selling being supposed to be for short account.
60,762,700
60.762.700
The grangers have naturally been most affected by the unCapital
.'i.'>.o»3..->()0
50,611.500
Burplun
favorable developments in connection with the rate situation.
l.'is.3i>()
363,5.53,200
(nc
6-J9.;JOO
377,08.5.800
I/>ttii» and dliic'ta.'417.
quite weak on Wedne.sday and the selling was
72.;n'j.lu(i I)ii-.i.(;ii9,70o 90,707.100 73.288.200 They were all
Mieclp
There was
:).'.U7.100 Due.
41.:W)0
7.627.5(X)
8,309,000 active for a time, some of it on Chicago account.
Circulation
'440.IX)H.700 llec.i.l 03,700 408.3,30,700 367,0Sl,;iOO a rally from the lowest point touched on slightly better reports
Net deposits
tenders.
45.281,.500
l>ec.
559,500
38.192.800
22.133,200
Legal tci
from the West, but the weakness was renewed again to-day.
"'
:
I
.
I
I
I
'110.001,675 Dee. 510,925 102.082,075 91,770,325
'117,.593,e00 Dcc.2. 169,200 128,899,'JOOl 95,121,400
I.enl reserve
SMerve beld
gnrplii* reserve
.
7„'i02,2'25
—The sterling
Dee. 1.628,275
1
'.i(i,8
17,225
i
3,851,073
exchange market has relapsed into
no new feature to report. There
ha,-.
.^.'htly weak tendency in actual rates oh somewhat
freer otliiiiigs of cables and demand sterling, though there is
very little cliange in quotations' from a week ago.
Posted
figures are now at 4 87,'.2 and 4 89. There has been no gold
8hipj)e<l this week, and conditif)ns are not favorable to a continuance of the outward movement.
To-day the rates on actual husiness were as follows, viz.
Banker«" mi days' sterling, 4 m}4 dii SUH: demand, 4 88^4 88!^.
Cal:(a4 8H'^.
Commercial bills were 4 85^ |4 85'.^.
C<i:
ills wore: Francs, 5 ISlj and 5 15'^; reiclismarks,
«>ig a»..-, mid 95}i'o»55'g; guilders, 4f>^($40}4 and H)%'A40%.
ExrliiiiiL't'.
dii!
1
and there
is
rest of the market was more or less affected by this decline iu the grangers, and Union Pacific and Reading develofied
special weakness. New England lias been relatively active
and irregular, but there has been nothing new in regard to this
The
The trust stocks continue to absorb considerable a*t?ntion,
and the movements of some of them are very erratic. Sugar,
in particular, has been subjected to extreme fluctuations, according to the temper of speculation, and lead has had very
large dealings, though the price is less irregular. The talk in
this trust for a week or two past has been as to whether the
Atlantic White Lead Company could be induced to join, and
the announcement this week that it had joined did not help
the price much.
To-day the market was weak in the morning, with Atchison
down to 373^ about noon afterward there was an improvement and cfosing prices were better.
;
m
-
July
C,
1
'
'
16
THE CHRONICLE.
1889.J
";;;;;,:;~;;;;^T
stock exchange for .VEEIUENDING^n
N. Y.
^. and
Arttve It It. StocUi..
AWbiKou roi«. vt Santa Fc ...
Atlantic
43Tg
faeiUo
.te
7^'
-.50
503il
531.J
no
111)
Central of N<'w Jersey
Central Padtlc
•7
July
55'8
5319
.'5:!>a:
34 14 •34 ia
20%| 203a
5 9 '4' 59
32
32141
31 '4
20'a
581..!
July
3.
4.
38'8
*0'4
'«%
73»|
5fi'4
•j5«a
.').'>'«
101 "4
10i:«.
20% 203i
58% 58%
20:11
I
45 la
«77^
"7%.
.il.Ciii.AlMdianap.
;0
IJ
pre*-
Do
•„;••
""
Do
Do
I
4
10^4!
Istpref.l '7.<
-'
-•
2414
vret.
24'4
. .
it>
.'
I
'.id
'04
EvausviUc & Terrc Haute....
Green Bay Wiiiouai St. Paul.
91!
•513
1513
47% 47%
23% 23%
24
24
Douv. Tex. A Ft. W..yot. cert.
East Tennessee Va. & ua..
15 '4
ISiai
hi
10%
•10
73
24 14
94
Manhattan Elevated,
Michigan Central
&
Milwa\ikee Lake Sh.
Do
..._-.. .-.--.
I
87
Do
pref- '114
'4
prel-
114
5%
10 11
10%
10%
72I2 72%
Missomi Kansas&Texas
Missouri Paciflc
Mobile & Ohio
14
97
14
94
Nashv.Chattauooga&St.Louis
Sew York CeulraUt Hudson.
New York Chic, i- St. Louis...
Do
Do
"*87"
93
116
4
10%
72%
15
93%
1612 17
106%
16%
Istpret-
•69
72
*ci9
2d pref.
•3513
371a
.
.
Oreifou Short Line
Ore;ron & Traus-Gontinental.
Peoria Decatur & EvanavUle.
Phila.cS Read. Vol. Trust. Cert.
SirhiuoiuUt West P"t Terminal
Do
pref.
Do
Do
8t Paul &
pref.
1st pret-
DuUith
Do
St.
SS
IOC %
& Manitoba
Texas&Paciflc
Union Pacihc
WheelinK i Lake
Wisconsin Central Co
I
I
'
'
ConsoUdated Gas Co
Delaware it Hudson Canal
Oregon Improvement Co
Do
|
&
97
97
89% 90
114
4
114%
6
17%
8%
33
06%
1714
72
37%, '35% 37%
26% 27%l
67
50
14
105%;
69
-2
'JT.
26% 26%
65% 67
50%
17%
8I4;
8
33
48
33%
21%
46%
23%
33% 33%
85
90
•85
90
20
8I4
W
o
15%
50%
27%
65%
3
48
60% 60 %|
16%
29% 29%
67% 69%
23% 24%
•16
59% 60%
30% 31
86% 87
.59%
•29
87
22
90
99
Pullman Palace Car Co
Western Union Telegraph
KxpreMB Stocks*
Adams
American
'
*112
138
145
•86% 87
H7
146% 146%
55
95
96
145
146
33
184
33
186
85% 86%
75 144% Jan. 2
109 109 Jan. 10
265' 73% Jan. 4
134 Jan. 19
148% 148%
11578 11578
91
•138
91%
145
Do
do
Pittsburg
A
j
*40% 41
7%
*6
*37
pref...
Eenssalaer & Saratoga
Southern Paciflc Co
Tol.
39
!
2«
2914I
'
1
19
Pipe Line CertiHcates^
92
bi.l
|
45%
American CattleTniat
•These are prices
„„
igO
29'4
3014
31% 31%
39% .J9%
,„„,
,„„ i.^ql,'
118%' 1204123% 120 12.3% 112 119%
33% .U% .n% 34% 31% 334
34
55% 56%
.laU ob%
5.>%
55%
56
43
45% 42
44
45%! 45% 46%
18% 18%
19
184
19%
19%' 19
92%
90%
93
93% 92
91% 92
•Ex-rlghW.
no>ale made at the Board. liCash sale.
1
j
Cattle F. Trust..
^
190
31% 31%
39% 3914
Tennessee Coal & Iron
Triint !Siock«. (Unlisted.)
..' 115%
Sugar Refineries Co
32%
National Lead Tm.st
American cotton Oil Trust. .' 554
'
A
%
.
:
I
Ann Arbor &N.M
Distillers'
June 18
1
'
Co
'
146
Apr.
Apr.
Jau.
200 27
21241% Jan.
2,130 12 Jan.
733 30 Jan.
5% Jan.
100
35 Jau.
.
Feb.
1 54 175
3,3:;0 21% Apr.
Jan.
1,000 21
6,950 31 Jan.
Hart.
Western, pref
Quick.silver .Mining
Do
&
4
1
pref..
Hav.
Feb.
80% Jan.
31
25
& Pembroke
Y'ork Niw
Ohio Southc;
153
1204 Juno 6
95% June 5
|
Inaeilve Slocks.
New
-.
Jan. 16 62 Juno 7
Apr. 17 36% Feb. 11
80% Jan. 21 92% May 28
130 Mar. 18 1494 June 18
424 Apr. 5 72% Jau. 16
75 Apr. 10 107% Jan. 30
85 Apr. 23 102 Mar. 6
Feb. 7
,c«.y 3178 June 25 40
850 tl71 Mar. 19 205% Fob. 11
June 6
88%
Jan.
2
83
10,437,
Amerlcain Tel. & Cable Co
Cincinnati iVash. & Bait .
Kingston
'
34
21
30
i
United states
Wells, Fargo & Co
27,114 June 7
29 113% June 8
26 101 4 May 27
10% Feb. 6
l.'>
6
21 42% Feb.
18 37 May 23
13 IO04 May 27
9 113%.Tuly 5
5,000| 9l%Jan.
535; 55%. Ian. 4j 74% Feb. 14
7
1,070, 13% June 20 284 Feb.
29,620' 134% Anr. 3 148% June 19
100 15% Mar. 18 18 June 7
1,300 424.Tan. 311 50 June 12
2,1'.5 15
Jan. 25 25% May 28
June I
540
8 4 Jan. 23 11
100 63 Jan. 28 764 June 1
680 20 Apr. 24 254 June 14
—
30 97 Mar. 4
86 Jan.
4% Jan. 5 7% Feb. 8
610 106 Feb. 13 117% June 5
851 16 Jan. 26 !0 May 28
i,.wo
1,300 51% Jan. 4: 62 May 28
23,8701 99% .Mar. 18' 107% June 12
1231 90% Jan. 14 96% Mar. 4
724 Jane 12
11,200' 564 Jan
37 4 Jan. / 49% Mar. 8
lOOifl
Mar. 4
Jan.
3
470 90
57 84% Mar. 16 92% June 12
May 27
95
Jan.
7
51 %
•87
92
400 91% Jan. 7 11778 May 28
114 114
Feb.
7
7
1
June
200
4
4
4
14% Mar. 5
1
100'
97,^ July
10%
14
14
Jan.
10
June
105 10
11
11
64% JIar. 29 77 June 6
69% 70% 29,264
15 July 1
.la'u.' 11
8
975
144 14%
8178 Jan. 12, 99 June 12
93% 96%
Feb.
2
3
110%
912 105% July
106 106
16% May 20 19% Feb. 4
•16
17
Feb.
4
77
67% Jan. 3
•68
73
36 Mav 24 44% Feb. 2
•35
38
26% 26% 15.080
".,.. -^
^
.1.111.
-«|
900, UA
65% 65% 08,760
Apr. 1 53% June 2o
49% .50% 1,330 41%
< <^^- Feb.
'•-''''
7
Jan. 5 li)%
14%
17% 17% 1,00c 7% Apr. 18 9% Feb. 12
•8
8%
19 354 June 12
Mar.
30%
33% 33%
14% Mar. 23 18 Fob. 1
15
15
47% Mar. 11 53% May 2
51
50
25 Jan. 5 30% June 1
27% 27%
58% Mar. 16 68% June 3
6478 05%
19% Mar. 19 24 Feb. 11
•22
23
39 Apr. 23 58 Mar. 6
304 Jan. 23 64% May 17
"33% 33%
21 June 20 284 Feb. 13
21% 22%
42% Mar. 29 50 Jan. 15
46% 47
22% Jan. 26 27% Feb. 13
23% 2378
76 Jan. 26 8 4% June 7
7978
79
93 Jan. 3 104% June 15
-102 103%
19 Apr. 1 30 June 12
•26% 27%
53 Mar. 19 6678 Jan. 2
.57
57%
Mar. 18 114% Jan. 12
104
110 112
29% Apr. 11 40% Jan. 14
31 33
Slay 10 95% Jan. 18
82
87% 87%
92 Apr. 17 105 Feb. 1
99% 99%
17% Mar. 18 23 Jan. 14
19% 204
58% July 5 674 Mar. 4
58% 59%
12%Jau.
3 167^ June 11
15% 15%
24 Jan. 9 30% June 10
28% 29
Jan. 5 71% June 7
59%
68
67
22 July 5 254 June 27
22
22%
60% 60%
30%
60%
30%
96% 96% •96%
33%
32% 33 '4 33% 34
32% 33
185
185
185 186
186 180
183% 181
85%
85%
85% 85% 85% 85% 85% 85%
149
148%148%*147
•145 150
115% 115%
114 116
'114%116
i)0% 90%: 904 914
91% 91%
145 '139 145
Navigation Co.'
Paciflc Mall
^.^^,
t
33%
19% 20
60%
59
16%
16
2H% 29%
674 67%
22% 23
55
93
96
99
1
2OI4I
54 55 •54
94 ii5 90
96
97% 96% 97% •90
33
*54
55
85
90
133,6151
.
1
49%
4
17%l '17%
t
0681
,
.56% Feb. 14
114% June 18
36%. Ian. 16
•
10%
11%
70%
10%
9%
III4 •10% 11% 'V6%
73I4
70
72%
70%
14% 14% 14
15
93%
*93%
i»(i%
96%
107% IO6I4 106% 105%
•16% 1714 16%
17
101% 100% 101% loomoi
*54
•OS
I
pref.l
OrcKon R'y
116
6
3%
"lOU 16%
'
iniMcellHikeoiiM Stocks.
Chicago Gas Trust
Colorado Coal & Iron
114
20% '20%
60% 60 14 60%
16% 16%
29% 29% 29% 29%
69%
69% 69% 69
24%
24% 24% 24
60%
59%
60%
59%
30% 30% 30% 30%
*86% 8714 86% 87
147% 147%
!
Pacific...!
pref.
Erie. pref..
114
20
60
'
Wabash St. IxuUs &
Do
92
1
'
pref
Paul Minnap.
•87
47%
47% 481*
23%
23% 24
'x79%
80%
82%
82%
8314
103 14 10314 IO214IO214I
IO2I4 103
103 103
27%
27%
27%l
26%
26%
27%
27% 27%
57%
58% 57
.58% 58%i 58% 58% 57
'110
112
112%
112%!
112% 114%
110 112
36
*32
32% 32% *32
36
"32
36
San Francisco
A:
"92
33% 34
•21% 22%
47% 48%
23% 24%
'82% 83%
«82i2
B«ue Watertown & OKdensb'g
Louis
45
97%:
48
49
34 14 3414
2214
22
47 13 48
24%
24
|
II3I3
15%
15% 16% *15% 16'4 50%
51% 52% 51% 51% 27%
27%
27%
28%
27%
66I4
05% 66% 64''8
66
22% 22% 22% 22%
"4613
[
.
113
61a
I8I3
*40
9713
17% 17%
8%
'
St.
60
•5 la
I
24'
-
96
*94
q%«
14
June 6
22% June 3
15%
56% Fob. 26 61 Mar. 7
20% Feb. 27 35% June 3
89% Mar. 26 111%. Ian. l!i
40% Mar. 20 45% Juno 26
104% July 2
94% Jan.
60% Mar. 10 754 June «
11May 24
-ir,
j,7 "pe,,.
3.«'-**
6-.!
2
.Ian.
1
7413
2313 24
6I3
114
27 14
27
67
67
52 14 .52%
..V
*73
73 14
24
96
59
18
69
35% 37% 35%
.
22% 23 14
10%
10% 10
114
6
9%
New York Lake Erie & West'n 26% 2
pref.
Do
5213
New York A- New EnEland.
17% 17%
West
Ontario
York
New
8
8
New York Susquehan. & West.1
32 1« 33
pref.
Do
I6I4 16 14
Norfolk & Western
•51% 52
prof
Do
28
28
Northern Paciflc
65% 65 '8
pref
Do
% 22%
Ohio & Mississippi
17%:
24
9812
ObHsl '961a
*Uoia
West..
& St. Louis
Minneapolis
5%
G9i2
ogia
68% 40
68% 88tJ
45
:
cousol..
94
14^
I418
.'Cl44%145%
17% 18
59% 59%
103% 104% 103 14 103%
93% 04%
95
95
"
68% 69
69% 69% 69I2; •40
iitaZ
'.
Chicago
.St
73 14
24
6I3
18
Louisville A
Louis. New Alh.
2313
24 14
96
114 115
115
115
niiuois Cfntr^il
I8I4 1814
181a
Lake Erie i Western. .......
5958 00% ".59 la 60
pref...
Do
lO^^!
lO^Jf/O*'^
Lake Shore & Mich. Piuthera:: lO^Js
i^"''.'?,V"',"v,-\:,-.-,,VnA
Nashville
47
nOH
741a
5%
014
14% 15
147mi8iH
33
Jan.
16
Mar. 29
Mar. 2
50% Jan.
92% Mar.
'^•»™
3,727
I'l
8%
'
I
I
57
41,685 102% Mar.
150 135 Mar.
37,635i 89% Mar.
14 Jan.
Jam
4001 33
750 30% Mar.
Feb.
1.80 89
,
C<jlumlMi-»ll.i.kiiii.'Viil.&lo1.!
58
July
«%Mayl4
t
".J
'
Clcvi-UuKl
H
^^
557a
*
117
50,411
oiia 0<)
iiu 4.1%' 5,220
2,130,
103% 104
*32
34
37%
400 47% Mar. 16
39% 101.897
o»M,
\
99% 101%
44% 45
101%
188».
1.
Highest.
Lowest.
Shares.
52% 53
1101^112
q?% 34
204 20%'
58%'
58
|i
Vi
.52% 53%
lOU 110
*31
37
531.J
->o
37%
aifi
".ki^
34
98 "8 90%
45
44%
4.">'4
-t^H *'
Illinois ..
104 104
Chicago
^„
" A-Bistcru
1()1'4) 104'2 1<I4^ 104 "a 104% --ID I
prof.
71
B8%
70
'4
,^0 70'b
70%* 7158
tw^rt VO^ti,
CUicago Milwaukee i St. I'aul.^
iio'tiii'-j
111
111^,
110>2
pret.:*110
;\°;?}i2^
107»8:
j>„
108»8
108:U109i8 108'al08%|
Chicago &No.thwest«rn^^^.] H^^^ JO;]^
...1*140
141
01% 94
954 95% 94"a 95% '12
».)'%
iJ'-'i
Pacific'
16
Chicago Rock Inland*
10
16
-141a
*14
141a
151a
'34
37
Chicago t*t. Louis & PittsburK.
38
351a 3012;
37
prcf., -3B"a 38
33 14 33 '4
34I8
34
34
.;^**8
96
Chicago St. Paul Min & Oin..
35 97
97
llliall3
lllia 111% lUHsiia
110 110
Glnciu. Ind. St. Louis & Cliic.
71
71% 701a 72
71ial *70ia 72
la
Si'i
;n
CUlca^'BurnnetrmA cfuincyj 101|4
1889.
i
109 '8 log'e:
1
1
35 14
'4
20 "4 20 '4
59 14 oU'4
-3
•
Che»ai)i«HU" &0.— Vot.Tr.cert.
do l8t pref..
Do
Wednesday. Thursday,
j
39% 43^
*7
7%
44%
4339
5 .514
Cauadiau racitlc
Canada Sontheru
Tuesday,
July a.
Mondiiy.
July 1.
Batiirdoy.
jiiufi ao.
Week,
Frldiy,
July S.
1.
Ranfte Since Jan.
Sales
of Ibo
HIGHEST AND LOWEST PEICE8
STOCKS.
since JAN.
an J asked
;
,
\
115%
32%
56%
41%
18%
904
20 126 June 24
117% 53,536 81% Feb. 26
35 .Tunc 25
334 271,783 19% .Mar.
May 29
5678 43,195 48% Jan. 16] 61%
42
18%
91%
!
7.23/
41% July
7,030
18
.tJuj ooo
8O
5
June 28
Anr. 23
^Prlceslfrom loth Exchanges.
474 June 27
19% June 29
95
.Tune
24
.
.
THE CHRONICLE.
16
-
BUNDS
LATEST PRICES OP ACTIVE BONUS AT
Oloting.
Bailsoad Boxm.
*••
All
*,;,
"
J" It (28
n. Inc. 6«. 1910,
;7
I
C»i,
18
b.
7»''e
I
17
70
107
^(,
783BJiily
Jau.
b.
103
120
'
<;,
1,
...1
.
\>'
M
...
.-.,
Ill2
,1011
-Ul,58, 192U.'llH
A
I
b
113
104
131
b.
b.
b.
Cou. 7, 1903..il33
.
b.
b.
11113
11,4s.
98
1922....
Jail.
Jau.
Jan.
>i.»l<.ii4n,
92'aFcb.
r..
U8
97\a.i 83
lflt,K,S«,l!l37; 90H)l).t
i;.,lsl,.V, Ut3t) lOOi-ja. 104
<1,„
May
120 July
I2414MCU.
j
'
99
01
100
Feb.
J
.Ian.
May
Omaha &
a.
143»t Jan.
Gold, 7i., 11102
122 a
PInkluKfiiuiltis 1929
Ill
111 b.
Binklnif fund 5s, 11(29
Blukiii^ fuuildebeut. .5s, 1933 11413b. 11414b.
129i2Jan.
119 Jan.
108 la Jan.
109 Jan.
105 Jan.
1
2".
1909...'
ii20
1101
-Gld.Sa, 1928!
I'm .—Os, coup., 19171
5,s,
iii-c
E\Chle.
'
1
101
98
135
b.
i
Chit'. U.
1. .V
Chie..«t. P.
A: col. 5.s,
.58,
.
Gei
Col.
Col.
1917.
1914..
97i-.i
120
:
l»t 0», 1900..il(K>
-Con. 5s, 1931' 70%
-. 1904
04
-l.Ht, 78, 1900120
1.130
81%
1
I
Gi:
.
1:. (i
I
AsM'Utetl.
92
Denv. S.Pk.A-Pac- l8t,78,1905i 91
D<^t. K. C. & Alp.— 1 8t.K..68, 1913'
Del. Mat'. A- M.— l.tl.),'r.3i-j.s,1911 30
Dul. 4: Iron Uau)?t Ist, ")S, 1<J37 102
I
—
G.—Cim., 5s,
'103
,
34
b.l
'8
101
a.
I
b.'
Jan.
Jan.
-
I
Int.
A'
Gt.
124
.No.
00% iVIay
52% May
Feb.
IO31 _ June
119 July
121% Apr.
120-H May
IIOI4 Meh.
May
110
112
June
74% Meh.
June
June
121
120
112
58
May
Juiie
May
Feb.
62 14 Jau.
87%
67%
34%
119%
94%
b.l
b.
103
May
June
June
May
May
May
119% July
109% May
112
May
109% Apr.
115 June
112 14 June
108 Apr.
99 Feb
38 Feb.
110 Jan
109%
Tune
^
'
'
105% June
107
90
121
121
121
121
108
122
Apr.
Feb.
Apr.
Apr.
Apr.
May
June
Apr.
121% Juno
103% June
:
. .
100
i
June
92% May
90 May
May
'
Fell.
.Tan.
^
115
'
70% Mch.
94% June
94% Jan.
82% Jan.
I
IO7I2 May
101 May
951Q Men.
25 Feb.
110 Feb.
871a Jan.
108%
'
100%
I
100 Feb.
141 's Feb.
114 May
123 Feb.
-
1
,Iune
June
111)
.
. .
108% May
C—
68
54
85
0712a. 66
33iab. 33
119
110
May
110
II514 .Tuno
105% .May
107% Apr.
111 May
70 14 Jan.
58 Jan.
20 Jan.
114 Jan.
9212
91 %h.; 80 Jan.
Rieh.& W.P.Ti;r.— Trust Oa, 1897 100% 101 b. 90 Feb.
Roch. & Pittsb.— Con. Os, 1922.. 114%b.!115 b. 113 Jan.
Rome Wat. & Oprd.— 1st, 78, 1891 10714b.'
'lOOio June
Cousol., extended, 58, 19'22.^.illl%a. lll%a. 108% Apr.
St. Jos. & Gr. Isl.— l.st, 6a, 1925. :105%b. ,,„.
100 _ _^^^ ^^^
St. L. Alt. & T. H,— 1st, 78, 1894 112
b
-•'112% Jan.
2d, mort., pref., 7s, 1894
'I1214
..!l05%Fcb.
2d, molt., income, 78, 1894
100 b. 104% Jan.
St. L. Ark. & Tex.— 1st, Os, 1930
7914b. 77 b
77i4Jnly
2(1,68,1936
27%b. 27 b.' 25 May
St. L. &lronMt.— Ist, 78, 1892.il08%b. 109
b. 10014 Feb
2d mort., 7s, 1897
il09 b. 109 b. 105 Jan
Cairo ,t Fulton-lat, 78, 1891. 105% 101%b. ioii. jfuv
CairoArk. & Tex.— lst,7s,1897 10314b. 104%a. 103 Ji tie
Gen. R'y Aland gr., 5s, 1931.1 80
80 b.i gi jau
St. h. & San Fr.— 08, CI. A, 1900 118
b. 118i3b.'iio
Jan'
08. Class B, 1906
I1I8 b. 118%b.|li5% jan'
0.S, Class C, 1906
1118 b. 118%t).lll5i.1 jau
General mort., 6s, 1931
121 b. 118 b.li5isjan'
General mort., 5s, 1931
'100%b.
llOlU Tan'
8.P.M.&M.-Dak.Ext.,6s,1910ir22
a. 121
a. 118
Jan
''
1st consol., Os, 1933
j.^i
115% Jan.
Do
reduced to 4%s
98I4 Jau.
103%b. 101 14
Collateral trust, 5a, 1898
99%
90 14 Feb.
Moutana Ext. 1st, 4s, 1937
8914
83 14 Jan.
Bhen. Val.— Ist, 7s, 1909, Tr. rec. 95 %b. 96 a.
Apr.
87%
General 6s, 1921, Trust rec
38%b.
31 Jan.
Rich. & All.— 1st, 78, Dre,\el cert.
2il mort., O.s, 1910, Drexel cert.
Rich. & Danv.— Con., Os, 1915 ..
Cousol. Kold, 58, 1930
lOSiaFeb.
40 Feb.
104 Feb.
34
oo'eJan.
E. Tenn. V.
19.')0:10S - lOOig I102
Jan.
Ellz. l*x. A BlK8an.—tia, 1902. 105 'a
105 %a. 99 Jan.
Erie— l8t,iou«ol. itold, 7s, 1920 I41I3 '141 b. 137 Mch,
l.on(tl>oek,7s, 1803
Ill b. Ill b. 110% Jan.
Consol. Os, 1935
120 b.
118 Apr.
N. Y. UE. i\V.— 2d con. Os, 1 909 1 04
103 %
98 Jan.
Ft. W. A- Ucnv.
1st, 08,' 1921
9078
971a
90 Jan.
Oal.H.A- 8au Ant.— W.lJiv.l8t,38
93%
May
92%
Gr.H.W.A- 8t.P.-'2d inc. 8s, 1911 "26"a
19
18 Jan.
Gulf Col. A: .'^aii. Fe— l«t,7»,1909 113 b IOSI3 lOOia Jan.
Gold, Os, lli'.'3
73 13
70
70 Apr.
Han. A- St. Jos.— CouR. Oa, 1911
123
123
120i4*Jau.
-,.t
i
138%
100 '3 Feb.
1
1
!
1
9814 June
121
80% June
1
I
,W. -1st, 08,1911.1
.
2d pief. income 58, 1958
08%
3d jiref. lucoiue 58, 1958
57 a.
Pitt«b. & West.— Ist, g., 4a, 1917 8714
Apr.
1
i
Denv. A
June
June
'
I
1
Dcu'.
1st
,
ii
Apr.
I0414
Mch.
55%b. 44% Jan.
I
1
Feb
98% May
Jan,
57%
Apr.
Jiin.
. .
May
1
Ch.St.UA Pllt.— lst,coli.5.s,1932i 97%
Clevc. it Caulou— Ist,
fUlSOl.
C. C. C. A 1.
98
95
Jan.
a.'l31i4Nch. 13812 June
100
10456 Jau. 108 ia June
122 b.'iigiaJan. 1124 12 May
98 a. 90 Apr. 1(M) Feb.
95 a.' 92i2.Iau.
99 Juno
134i2l>. 130
Jan. 135 Apr.
117 b. 112 Jan. 120 May
100%
93=8 Apr. 105 Jan.
70 b. G514 June 87% Feb
60
55 June 87 Feb.
120
llSSsMay I2214 Apr.
79%
75 Jau.
82i2Mav
84I2 Jan. 102 Mch.
190 b.| 73% Jan.
93% Juno
94 a. 81 Jan.
94 12 May
'108%
1934
M..VO.—Cou.08,1930 l'22ia
Exleuiilon
b.'
147
133
123
112
114
109
lioiab. 103
b.
St.
.
'
N. W.-C'c>u»oL 7», 1915.'143isa. 147
111
78 14a. 711.^ Jiin.
a. loa'e
102 "Feb.
b. Ill
b. 110
Jan.
Con801.,5s, 1925
llOo
105
102 Jan.
Oregon <t Transcon'l— Os, 1922 105
,10478 lloiiaJan.
Peun. Co.—412a, coupon, 1921
llliab. 109 b. loO's Jan.
Peo. Dec. .S: Evans.—"181,03, 1920 109
100>...b. 1041-2 Feb.
Evansv. Div.— l»t, Oa, 1920. '100
106 %1). 102% Jan.
2d mort., .5.S, 1927
7II2
06 Jan.
Phila. & Read.— Gen. 48, 1958..' 94i2
91'8
885^ Jan.
1st luef. income 5s, 19.58
8214b. 81%b.' 801-2 Jlch.
'
A
1181.:)
'
'
...
L.— 1st, 4a, 1937.. 80
Oregon Imp. Co.— 1st, Oa, 1910. 103
Ore. R. & Nav. Co.— Ist, 6s, 1909 114
1
Chle.
2d, cousol., 7s, 1911
Ohio Southern— 19(, G.s, 1921
2d, income, Os, 1921
Feb.
137%.Tune
115 '4 .luue
134 Mcb.
!
I
June
.^Con.7H, 1005 130%b. 1271s 'l22'3Jan. 1301a June
112 Jan. 110 June
DIv.—<iii,l!K)9.
110 Jan. I I Ola June
i,.!. M.. .Mm. Liiv.— IU<, 1910...111(ii4b.jll3''e
Jan. 109% June
iKl.fh.A- rii.-,\V.Dlv.-r)»,lll21,109%b. 107^8. 103
99 Jan. IO8I2 June
Win. & Minn. DIv. -lis, 1021..
'107 lab. 106 b. 100 Jan. 108
June
Terminal ."•K. 1914
b.i
107
|
10-412 Feb.
.
'
I04»4.4pr
138% June
107% June
I
OS'iflApr.
1
<;,
9«i2
I
94%
'
1
'
May
Mav
114 July
103 '4 May
134 May
100 >a Juno
.Inn.
94'8b. Bl'sJan.
b.ll8 b.'ll8 Jau.
-t.x. f.,
'l23»«b. 123'»b. 118
Jau.
,103 lab. 97 Jan.
lut, S.H.I 937.. 103 '•i
11I27.I
«s, 1907
K,
Chi.
I
113
120 14 June
102%May
9(i''8a.
a.|
107
98
131
106^».li;»«i.j
I
li,
lOH
I
101% Apr. 'I0r>^2 Feb.
UWIh Apr. lOS^H Meh.
USiya
119 a. 113>4Jan. 118% June
1011..
102'4 194 Feb. 1 02 14 July
"«'«
IMcolifi...
112
li:t'-jl>.
b.
99 Jan.
b. 129
Jan.
Il07iaa.
Consul. .->«, 1938
98=8Jan.
;N. Y. Central— Extend., 58,1893 105
ilOO a. 104
May
N. Y.C.A-II.— I»t,cp.,78,1903l37iab. 134iab. 133
Jau.
Debenture, 58, 1904
Ill Jan.
N. Y. & Harlem— Iht, 78, 1900
129 May
N. Y.Chic. &9t. I,.— l8t,4a,1937| 973,
971-.^
91=8 Jai.
N. Y. Elevated— l8.t,7.f, 1900... Il20ia
11 71.2b. 110
Jan.
N. Y. Lack. * W.— lat, O3, 1921. 137 lab- 134 b. 131 12 Jan.
CouRtriietion, 58, 1923
llSi-ia. lliiab. 11114 Feb.
N. Y. &Nortli'u— Ist, 58, 1927..I110 b. Ill a. 107
Apr.
N. Y. Ont. A: W.— l8t, Oii, 1914..;113 b. 113
IllOia Mcb.
'100 b. 94 J,in.
N.Y.Sua..t\V.— l8tref.,53, 1937;
'118
Midland of N. J.— lst,0«, 1910
'll4U Apr.
Norfolk & We.sl.—Gen., (is, 1931:120 b. 120'jb. 11714 Jan.
Nortb. Pae.— 1st, coup.Os, 1921119 b.'110'>Bb. II5I2 .Ian.
General, 2d, coup., 1933
'llJiab. II514 |112
Jau.
General,3d, coup. 0«, 1937. ..1104% ll()i%b. 07% Jan.
No. I'ao. Ter. Co.— Ist, Os, 1933. 113 a. 110
103% Jan.
Ohio Ind. & West— 1st, 5s, 1938 03
02ia
02 June
OUlo&Mi.ss.—Con.sol., 78, 1898. 12012b. 118 a. l]5 Jan.
June
1201.2
Hifjhesi.
MutualUn. Tel.— S.f.,6», 1911.103
|102
Nash. Ch. >. L.— lat, 78, 1913il38iab. 135
May
'll.'i'U
Lowest.
i
Il02'4l). I(l3'»li.
107M> 107'-jb.
'
NoriCTv
ChM
May
12413 June
12H'4 Apr.
l«a8..;120'4l>. IIh^bD. 113".i Feb.
»,
Central I-.
l-nJifr
Feb.
1.
Bo!ra)8.
J'ne 28 Juiy 5
lOtiia Jan.
Feb.
Jan.
Jau.
12'>
...1
b. ll.t
lOiiasJaii.
... ll.'i
.'ut llM:(tl). llUKjb. 115J.2 Jan.
#,,.
All.;-
83
1121a
100
133H|b. 122
..».,...?.
Kailboao
1889.
1,
Range Since Jan.
Olosint/-
1.
22% Feb.
Apr
17
STOCK EXCHANGE, ANB RANGE SINCE JIN.
Bighetl.
Lowest.
b. 10(i>ji
iii;?*, 1800.. 104 isb.lOHt
C,.„
Kange Since Jan.
5
Julj/
aitiuoaiio^
jninr.,
I
N. Y.
XLIX.
[vToi.
June
Feb.
Feb.
June
Mch.
Feb.
Mch.
Meh.
May
Apr.
.Tune
June
101% Jan.
llOfl
Apr. ToI.Peo.&West.-lst,4s7l5-f7::'"8034ii: '7«ir'|"7i
Ip"'
Jan. 105% Apr
1024.' 92% JaT
..'102
102 b. 90i4.Tan. '104% Apr. Tol;St.T..A.Kan.C.-lst.d.s,1910lO2%
Umouracific-lst,6s, 1899.... 121.-.sb. 1201-1 11,5
Loui-1st, Os, 1910 120
.laii
110%b. 11214 Jan. 122 June
Siulcing fund, 8s, 1893
Ctui
'117%1>. 1175^ iiJp.Mcb
.1910
103
103%a.l 93 Jan. 104 June
KiinsaaPacmo- -1st, 68, 1895 .,lll%b. 112 b. nijii
.-«..-, (.'Old, 19'24... ....
100 b.:io2%Jan. 1011% June
Ap?.lat, 6a, 1890
itetl— l»t,ti3, 1908. .tl20
'110 b. 110 b. 1091;; Jan
115% llll'^sJau. ;120 June
DenverDiv.- 68,1899
I't.
114 b. 114 b, 112i.';Mav
10814a. 107 b. 100 Jan. 111% May
1st consol., Os, 1919
-1st, con., 78, 1902 131 a. 130 b.
,11.4!8
115
1112',Ian.
130 July 133%Mcli.
Orel?. ShortLlne— l8t,68,'l'922 114"8b.H5i4
>, lll(r2
Feb'
Jan. I1I4
May
.';." -•-111
»iii. i.Mki ~: 1. A- W.— lHt,0,s,
ViiinuiaMid.ii^. i..
Gen. m...5.s-1P3i!i «75o
anxh ill
l'92'i i'23
b;
... 118% Jan.
125%
June
,«ab.8t.L. &p.-Gen.,6s,Tr.rec.l 48 a....
'Uture, 5», 19()'7
103%b.
37 Apr.
92% Jau. 104 May
Chicago Div.— 5s, 1910, Tr.rec. 102% 1027=
111.— M. I,.,Os, 1910 108%b. 109%
88% Jan.
100% Jan. 111 Apr.
\\abash— M., 7s, 1909, Tr. rec
Ist.Os, 1H13
10714
lt)7%h 105
80 Jan.
""--Ist, 7s, 1927 90 b. 93 %b. 90 14 Jan. 109% Mch.
89% Jan.
Jan.
92 Feb.
lst,St.Iy.Div.,73,1889,Tr.rec
'on.,«8, 1920 61%
" 10"
01 b. 53 Apr.
93% Feb.
04% June
2d, extend., 7s, 1893, Tr. rec. i'oij'
102
57%
59
b. 50% Apr.
87 Jan.
00%
June
., :il-5-«
Con., conv,, 78. 1907.Tr.reo
90%b.' 97
85 Feb.
87% Mch. 97 June
U... i'l i-llUGt. West.- lst.7s. 1888.Tr.reo. I'o'iijb. i'd'' "l
00",}"'' """'*'•'»-" U2%h. 112 b.l 10% Jan.
89
Jan.
115%
Apr.
3d, 7s,,
2d, 7s, 1893, Trust receipts. 102%a. 10'^
120 b. 120 b. 110% .Ian 121% Apr.
86 Mch.
nest shore—Guar., 4s
lOSU
107
102%
Jan.
102%
^»"June
'"^i uu:;t7^'}8^''--"West. N. Y. & Pa.-lst. 5, 1937.
'}Si'*ii-i,i:T^
10o4
97%
95i4Jan.
105% .\pr.
Mobile A Ohlo-.Vew, Os I'olif 'illsSa'^"-* "•;} '.L
2dmort., 3g.,o8c., 1927
i-^S'
30%a
SO'^
May
*«b;
110%
May
VV
General mo rt.. jsjuigg^.' 1^1=?
e.st, Un. T<;l,-Col. tr„5s,
1938
j\jgji,:i^il^^
98^8 Jan.
58 Juno Wheel. & Lake E.-lst, 5s, 1926 105% ios"
105 b
Wont.— The letter "b" iDiUcatos prioo but, and
I102
Apr.
"a" price atbcd; all other prices and the
range are from actual sale.?
•
1937.
'
1931.
!
'
98
8^>U
May
Iv'l
Tune
120% l^S
n?g Ja"-
112% May
ill5i4 Feb.
117
•
90
45
Apr.
'103
July
,
I
'
1
I
I
]
I
'
,
.
I
I
1
'^^\]^^
I
!
,
!
Apr.
115% July
I
'
.
JuSI
'lf..5
May
'100% June
103 June
1
102% May
103
June
100% June
103
June
102% June
109% June
101
44
100
100
Apr.
Feb.
June
July
STATE BONDS.
BECUKITIE8.
C
.-L.«», .%»
''
••
,«r
KCculral
I"'; -"•--• Kold
i/fiiismna— 7s, eoD«
HtamiH.,1 4»„
»Uehi(jau-7.
Ljj^-» iMlsaouri—08
1900I 100
'104
Fort Smith
-.t I.iltle
Rock
RR
SECURITIES.
jg^l ,j^
funded. .1899-1900
"I'k
,.
Bid. (Ask.
Itw.
Is*..
12
10
10
13
I
12
101
1890] 102
1914 105
...tvit
88%
i!!.'"'.!ibo6
100
20
20
8914
1
Bid. lAsk.
SECURITIES.
Hue 1889 or 1890'
Asylum or UiUversity, due 1M02 100%
""
103
Funding..
.i894-lsi,5 109
New
York—Os,
I
loan....
is-i"
Os, loan
North Carolina—6s,
Jundingatjt
oitl".
""j'
'"
is'i'i
x-'f
i.„,o
ch,ribr';;«''*-'-^«»^-i^"«i
'hatliaiii RR
Special tux, (lass 1.!
CimsoUdateU 4s
6«.
110%
110%
35
10
I
20
'
7
"97% 98%
1919 124
Tcunessee-Os, old
1892-1898 60%
Compromise, 3-4-5-63
1012! 70i-'^
New settlement— 6s
1913 10. 109
'.'1913 104
5^
l06»a
OS
Itliq
75i»
74
Virglnia-Oi.,
778
19101
128
Bid. lAsk.
Rhode Islantl-Os.eou.. 1893-1894' 110
South Carolina— Os, non-fund. 1888
4% ""5"
Brown et>U8olitlatcd,03
1893 102% 105i«
oltl
Os, consolidated bonds..
68, consolidated, 2d series
Os, deferred, trust receipts.
.
I
I
48
CO
„„
50
a
1
..
1 '
THE CHRONICLK
6, 1889,1
JtJLY
—
'
17
LESS ACTIVE RAILROAD BONDS.
BONDS-STOCK EXCHANttE QUOTATIONS ON FBIDAY OF THE
EastTe„„,-Ea.
Railroad Bonds.
Mobile
(H'ock- Esrhnnnr I'virea.)
4'.j9...1020
San.
Atoll. Top.
1911
SliikliiK fund, •!«
Chic. H.
I'e
110
I»g5 109
5s. >rold
1988 llO^l
Conn, mort., sold, 5»
90
Beech Creek— l«t, uold, 4H._...193b
i,n„,^
•«19iai.
;-••.; .?,i?
Boat. H. Tiin. & W.-Ueb.
Broi>kh-n Elcv.-lst,
«.,
in^
C8...19-J4
ll^ia
87
191o
:l"-.js
19;t. lOSia! 10578
Union Kl., 1st, pinr., (is
938
Brunswick & West.- 1 st.(r.,-ls.]
99 100 la
Buff. Roch. A- Pitt.s.— Hen., 5S.1937
1921 120 I22"4
Koch. A- Pitts.— 1st, (is
100>ti
<JiJ
Burl. Ced. Kap. •& No.— Ist,5s.l9()(.! 99'8
93
87
Consol. A- collat. trii.«t, 5s...l9:Mi
Mluu. A 8t. L.— 1st. 7s, g"..1927: 95
100
lowaC. a \Ve.st.-lst,7s....l909.
9(>'4
Ced. Rap. I. F. & >'., 1st, 68.1920
192i;-..... 100
1st. si
Central Ohio Reor.— 1st, 4ia8.1930 102
37*100 101
Cent. RR. ti Bank.— Col. );.,5s. 1937
125
Cent, of N. .7.- Conv. di-tj.. Us. 1908
1912 lOOisl.
LehiKh i: W. B., M. .'is
ChicaKo
A-
Siukini; fund, 6s
Louis, it .Mo.
2d, 7s
River— 1st,
80
1903*12-1
7s.l900 1 22
110>4
I2512
124
1900 120
Miss.R. Bridi;c— 1st,
s.f.,
107Sls
110
107
106
116
'
I
117
111
100 Hi
93
98
1908
5s
Clinch Vai. D.—lat.equlp. .58.1957
Eniiipiiiciil,
I
97
C—
I
I
—
t
.
,
I
,
19<)7;'ll'
lt)51 1 1
2d, 69
Gold, 5s, coupon
Memp
,
1951' •••"
Div., 1st g. 49
Dub. A S.
2d Div., 79 . 1894 '110
Ced. Falls A Minn.— l9t, 78.. 1907' ,7^
1898] llo
63.1912, 107
Chle. Burl. & Nor.— Deb. (is. ..1896'
Chic. Burling. A- q.—o*. s. f..l901,
Iowa Div.—Sink, fund, 5s.. 1919
1919
8iukinjrfund,4.s
1921
Plain, 4s
Chic.Mil. At St. P.— 1st, 8s,P.D.1898'
18981
2d, 7 3-l<J9, P. D
1902
1st, 7s, $ K., R. D
l9t. La Crosse Division, 78.18931
..189'
1st, I. i- M. ,7s.
Ist,
1
117
.19^
,
1938
gold, 6s
Cent. Washington— l8t,g.,69.1938
Norf.A W.—Now Riv., lat, 6».1932
1034
Imp. A Ext., (is
1924
Adiustiuent M., 7«
Gen.
Ogd. A Lake Ch.— 1st, con. 68. 1920
i45
,118
Ohio A Miss.— Cons., 8. f., 78.. 1898'
1905
SpriiiglicidDlv.— l8t78
92
1932
General 5s
1936 100 I..
Ohio River RR.— 1 st, 58
Buir. & S. VV.— .Mort«. 68.. ..1908
87 I..
1937
General mort., gold, Ss
Joffe son- 1st, ku. g. 5»....1909, 106
58.1027
Ist,
California—
Oregon A
Enreka Hprln;^s R'y— l9t,09.K.1933- 117"
Pennsvlvanla RR.
Evan, it T. H.— 1st, cons., ()S.1'.I2I
Pitt.i.C. A Ht.L.— Ist, cp., 78.1900 118
192:) 1121a
Mt, Vernon— 1st (is
14«l4!
l8t, 78.. .1912
Pitts. Ft. W. &
nils
112
Evans. & Indian.— 1st, cons. .1926
1912 141 |148>a
123 14
2d, 7a
Flint & P. Marq.— .Mort., 69...1920| 122
1912
3d, 79
107 12
'.939
l8t con. gold, ."is
aev. & P.—Cons., s. W., 7s.l9(M) ' i'26-i8 ;;;;!!
Fla. Ceu. & Pen —1st g. 5a....]9is[
1892 1041^
68
fund,
4th,
sink,
iioii
iGal. Har. &Han Ant.— l9t, 6s.l910|
118
St.L. V. AT. IL— l8t,gu.,79.1897 116
104%
1 OO.").
2d mort., 79
1898 106 13
7a
2d,
99
19271
IGo. 80. & Fla.-lst, g. 6s
108
1898
2d, guar., 78
i'Jrand Rap. & Ind.— Gen. ,59..1924i
'si" Peoria & Pek. Ulou— lat, Os .1921 110
^GreenB. W. &• 8t. P.—l8t 0a..l9Il
05
71
1921
2d mortg., 4128
1061.1
19:(7
ilTousatonic — Cons, gold 5s
Pine Creek Railway—69.... .1932
Hons.A-'IVx.C — Ist, m. 1. 78.Tr.rcc. 125
l8t, Os. .1922
West Div. Ts.Tnist reecipts.lsiil 125 i2(Ji.S Pitts. Cleve. A Tol.—
.1922 109
Pitta. Junction- lst69
19111 106
1st Waco ct Nor.— 79
122"!; Pitts. Me. K. & Y.— Ist 69... .1932, 118
2d in.Ss.M. I. Trust receipts. 1913 i!8
..1916'
100^
77I2
1st,
59.
Palnsv.
&
F.—
Pitts.
Gen. mort. (is.Trust receipts. 192.");
1927
Pitta. Y. A A9h.— l9t, .59
108
lUluois Ceutral-lst, g., 48 ...1951 107
9214 93
Os,g.l916
Cent.
1st,
Presc't
Ariz.
li
A
92
1951
1st, gold, Bias
1916*
3«
2d Income, Os
1952; IOI'h 102
Gold 4fl
...104
Rich. A Dauv.— Debenture 69.1927*
Isiis 1121-2
Sprinarf. Div.— Coup., 69
1st, pref., 7s.. 1897;
II7I2
A
Ch.ar.—
Atl.
1921
Div.—
5s
Middle
Reg.Rich.A W.P.Tcr.— Con.c.t.,59.1914!
16
- O.-Teu.l.
- AN.
,78.1897 [l"
C, St. L.
R.W.&O.— No. AM.lstg.gii.59.1916'
1><97 "llo
lat, consol., 78
St. L. Jack.s. & Cliii.-.-l3t,7s.lS94; JlSis
1894| llJ's
1st, Kuar. (564), 7s
1898!:'-15
2d mort. (360). 7s
2d, Ruav. (18S).73
Ciuiir d'Aleiie—1 9t, 6b, gold. 1916
I
.
1893
95
1
Central Pacillc— (ioid l)ds.,Cs.l895: 1143*1
1.396: 116J8I
GoUlhonds, Os
1897; 117
tinld bonds, 6s
1900, "113
San Joufiutn Br., 63
6s...
1892
B,
OrcKon8er.
Cal. it
\Vcst. Paciftc— Bowds, (is. . .1899; ill's
No. RaUway (Cal.)— 1st, (is. 1907:
118
Ches. & O.-tur. M. fund, 6a. 1898,
Alton— 1st, 7s
^'^^-rn^^T^}^"STS^\Z:
North. Pac. & Mon.-lst, 69.19381.
......
l.mi7'119 121
iiii9*ii8i3iao
1923 112 ;113
1!»20 118
1928 102
1920 137 140
78..
Bid. 'Ask.
,
2d,
190R
6s, Kold, series A
Cbes.'O. & So. West.— 2d, 0s..l911
95>«
In>p..«.,5».1938;
2d, extciHlfd, ."is
3d, extcndctl, -I '.js
4th, e.Ktcndcd, .",s
5th, extended, Is
Ist, cons., fd. coup., 78.
.1908'
Reorg., Ist Men. 68
.1910| 142
B.N. Y. &E.-lst»78..
N. Y. L. K. >t \V.— CoL tr.,68.1922
1 '^"ili
Funded coup. ."is
li>77|
Income, 6s
* Cal.— 1 Ht >f., 58. 1937
& Danv.-lst k.. 6i( .1917 98'4; 9^1%
Ohio— Ist, 6s, Pink B.1919 119 ,121>.j
A:
A-
niriri.-lsf, K., 58.. 1937! ......
Erie— 1st, ext^-nilrd,
Atlantic
Bait.
&
SEOURirrBS.
lABlr.
Alabama Ccnlral— l»t B8...1918 lUkJ
Fe—
&
Bid
SECURITIES.
SECITEITIE3.
C—
. .
II6I2
Ind.Bloom.AW.- lst,pref.7s.]9oo*'^'
Rome W.AOg.Tenn.—lstg.5s,1 918!.
1925
Jos. A Gr. Is.- 2dinc
Kan. C. A Omaha— 1st, .59.. 1927,' 85
44
St. L. Al. A T. H.— Div. bouda.l894|
Bellev. A So. 111.— 1st, 8a... 1896, 120
"so"
1923' 108
Bcllev. & Car.— 1st, O.s
123
50
St.
1191s
IOII2
89ia
:i25
Chi.St.L.APad.— Ist,gd.g.59l917, 100
Ohlo Ind. A W.— 1st pf.,59..193S
'36'"
S3
St. Louis So.— 1st, gd. g. 4s. 1931
Ohio Ind. A West.— 2d, 58..193.S
Car. A Shawt.— 1 st g. 4s. .1932! 82
LB. AW., con. inc. Tru9t receipts.
971-2
97
1st, con. 6s.l927i
Chic—
LouLs
A
St.
l'(W'
Ind. D. & Spr.— 1st 7s, ex. cp.l906
93
St. L. & L M.— Ark. Br., 1st, 78. 1895! ids'
1947
1311.2 Ind. Dec. A West.-.M. 59
56" St. Louis A San Francisco—
1948
I'-O
2d M., inc. 5s
1919
Ist, 6.S, P. C. &
1938 841-2 86
Iowa Central— Isl gold, 53
126>i!
189u
Equipiueul, 7s
Kan. U.Wyan. A N. W.— iBt, 5a. 1938
HO
98ial0O
1987
Ist, tru.st, gold, 59
117
Kings Co. Elev.-Ser. A.lst 5sl925 idaiii loiiill
103
8.—
1st, 6s, g.l91(i
City
&
Kan.
Lake Shore A Mich So.—
...1899 118
l8t, I. it D., 78
Ft. 8. A V. B. Bg.— 1st. (is. 1910
1892 110%
Clcve. P. A A.— 78
...1903 125
Isi, C. &M., 7s
80.
Wn.—
1st, 6s.l916
St.
L.
K.
A
122
Buif. A Er.— New bonds, 78.18981
1st, I. A- D. Extension, 7 ...1908 126
Kansas Mid'd.— 1st, g. 43.1937
IO212
Kal. & W. Piwon— l8t, 79.. .1890 101
1st, Southwest Div., 63. ...1909.
St. Paul & Duluth— l3t,59....1931 lllia'
1906 134
Det. M. A T.— 1st, 73
Ist. La C. & Dav., os.... ...1919 1041a
10619
1917
2d
mortgage 59
12513
1S99
Ugh
bonds,
7s.
Shore—
Div.
Lake
127
Ist, H. & D., 79
...1910
I.St. Paul Minn A M.— Ist, 7s. 1909 110
Mahon'g Coal RR.— 1st, 53.1934
105
Ist, H. & D., 59
.1910
2duu.rt.,6a
1909i'
iboii
Litchf. Car.A West.— 1st 69. g-1916
Chicago A- Paeiflc Div., 63.. 1910 117 119
.Miimeap. Union— 1st, 0s....l922|
1898
104% Long Island— 1 St, 78
Chic. A- Mo. Riv. Div., 5s. ..1926
116
Cen.—
1st, guar., (is.. 1937 108
Mout.
104
R'way
li.—
iBt,
5a.
1927
Y.
A
N.
g.
Mineral Point Div. 59
..1910 ioiia 1061-2
East. Minn., Ist div. 1st 59.1908
39
1927
2d inort'J., ino
-.1921
C. & L. Sup. Div., 53
l8t,6s,'85-191(i' "i!M^'.'.'".'.
Ant.
&
Araus.—
San
112
115
78.
M.
Beach—
l8t,
.1897
N. Y. A
Fargo A: South., Os, Assu. ..1924
1926, ,87
1st, (is, 1886
105
N. Y. B. A .M. B.— Ist, g.,.58. 1935 102
Inc. couv. sink, fund, 5s.. .1916 too
San Fran. A .N. P.— Ist, g., 53.1919] 10014101
Brooklyn A Mont.- Isf, 68. .191]
Dakota & Gt. South., 53. ..1916 IOII2 102 12
1910
Val.—
1st,
cons.,
79
Scioto
1911
l.st, 5's
CUicAX.W— E.scAL.S.— Ist,6s.l901l 111
'Vs'Tso'*
Coupons off
SmithtowiutPt..Ieff.— 1st ,7s 1901
DesM. A Minn.— 1st, 7s. ...1907, 129
Sodiis Bay A 80.— Lst, 53, g...l924 "95"
112
1900l
Loui8. & Nash.— Cecil.Br., 78 .1907
Iowa Midland— 1st, 88
;!!"!
19381
lat
con.
58
So.
Cal.Pac,
116
lat,
(i9
19301
N. O. & M.—
Peninsula— Ist, conv., 79. ..1898
Texas Central— l.st, s. f., 78... 1909! 4714 53
-.19.30! 103
N.O. &M.-2d, 69
Chic. A Milwaukee— 1st, 7s. 1898 "120
471a 53
1911
Lst mortgage, 7s
1920 110
Pensacola Division, (is
Will. A St. P.— 2d, 7s
1907'
Texas A Now Orleans—
St. Louis Division, lat, 69... 1921 116
19051 118
Mil. A Mad.— l.st, 6s
1905
lst,7a
63
19M0
2d, 39
Ott. C. F. A- St. P.— Ist, 53.. 1909 109ii
1912' 104
Sabine Division, 1st, 69
Nashv. .t Decatui^lst, 78..1900 121 123
Northern 111.— 1st, 5s
1910
Tex. A Pac, E. Div.— 1st, 63.1905] 106
1910
8. AN. Ala.— 8. f., 68
Chicaso Rock Island A- Pacillc—
104' 105% Tol. A. A. A Cad.— (is
1917' 1051a IO6I2
Pens. A At.— Ist, (is, gold. .1921
Des Moines & Ft. D.— 1st, 4s.l905
Tol. A. A. A Mt. Pi.— 03
1919] 100
99
Nash. Flor. A S 1st gu. 5s., 1937
1st, 21.J3
1905
88I4
Union Pacific—
1934
Lou. N. O. A Tex.— l9t, 4s
82 Hi
Extension, 4s
190.5
1896: 116%'.
1 st, 6a
1934 40
1107 12
2d mort., 58
Keokuk A Des M.—Ist, 5s. .1923
18971 11738
100
lst, 69
IOII2
12
National—
lat,
68.1927
Mexican
g.,
Chic. A St. Louis— 1st, 63
1915
1898'
tzu
1st,
6s
61
63
1917
2d, income, (is, "A"
Chic. St. P. A Kan. City- 53..1936
1908 103
Collateral Trust, 6s
21
1917
2d, income, 6s, "B"
Minn. A N. W.— 1st, g., 59. .1934
95
1907
Trust,
5s
Collateral
1909
Michigan Central— 6s
Chic. St. P. A Minn.— 1st, (is. ..1918 125
1895'
C. Br. U. P.— F. c, 79
11512 iiii
193
Coupon, 59
No. Wisconsin — 1st, (is
.1930
07
*105i2
Atch. Col. A Pac— 1st, 6s.. .19051
Jack. Lan. A Sag.—Os.... .1891
St. Paul A 8.
1st, (is..
.1919 125' 127
104'"
9»
Atch.
J. Co. A W.— 1st, 6s.. .1905
AW.—
Ext.
&
Imp.
,5s.-29*
Milw.L.S.
Chic. A W. Ind.— 1st, 9. f., 6s. 1919
115
11«
..1909!
Gen.,
7s.
Southern—
Utah
Michigan Divi.-'ion, Isl, 6a. .1924 113 114
1932 ii'fia
(ieneral mortgage, 6s
1909 110 114
Exten., 1st, 7s
116
118
lat,
12-.
Divlaiau—
68
..1925
Ashland
Cin. Ham. A D.— Con. s. f., 7s. 1905
U. P. Lin. A Col.— Ist,g.,5.s.l918 100 14
105 107
1937i .--Incomes
2d, gold, 41.29
Utah A Northern— Gen., 5a. 1926
8412
Minn.&St.L.— Pa Ex., Ist, 78. 1909
Cin. I. St. L.& Chic— I9t,g.,4s.l936|*l00
Viilley
R'y Co. of O.— Con. 63.1921
50
1><91
60
2d mortg., 78
19201
Con.sol., 69
Det.Div.,(is,Tr.rec.l i27ii i'23"
Wab.St.L.AP.—
82
E.tt.—
1910
l8t,
78
Southwest
Cin. Jack. A Mac— 1st, g., 59.1i)36i
25
bonds
Etiuipment
1883] 10
83
1921
Pacific Ext.— 1st, 68
CI. Col. Cin. A Ind.— 1st, 7s,s.f.l899 122ia
103
7s,Trust rec... 102
Quiu.
A
Tol.—
1st,
53
60
14
equipment,
6s
1922
Impr. A
Consol. .sink, fund, 7s
1914
IOII2
7s,
reo...i
Naples—
1st,
Tr.
Uan. A
92
Minn. & Pac— Ist niortg., 53.1936
Cleve. A Mah. V.-Uold, .5s. ..1938 'lOSifl
1011-2
III. A .80. la.— 1st, ex., Os,Tr.rec.
Minn.S. Ste. M. A Atl.— 1st, 53. 1926
Colorado Midland- l.st, g., 6s.l936,*103
...
St. L.K.C. AN.— R.E.ARR. 73.1895 IIII2
99
Missouri Pacillc- Tru8t,g.,5s.l917
ColuiubiaA Green.- l8t,69...1910i
110
lst,iis. .1908! 106
Br'geCharles
St.
106
1st
Ohio—
ext.,
0s...l927
Mobile A
1926'
2d, 6s
II2I3
lat,
7a
1895
No. Mi.ssourl—
Ist iiref. debentures
Col. A Cin. Midland- 1st, 6s. 1914 "
9314
7812 Warren A Frank.— lst, 7a. ...1S96
1931
St. L. A Cairo— Is, guar
Del. Lack. A W.—Convert. 7s,1892 *108-^
II4I3 West. Va. C. A Pitts.- lst, 68.1911
Morgan'8 La. A T.— l8t, 68.. ..1920
1907'
Mortgage 78
Wlscon. Cent. Co. -lst g. 58...1937
1918| 12II2
lat, 78
"57"
Byra. Biug. & N. Y.— 1st, 7s.l906
139
1937:
Income 59
2d, (is. .1901 llOia
Nash. Chat. A St.
Morris A Essex— Isl, 7s
1914!
jl50
(iulf—
(is
95
1st,
.1926
3d, 7s
1801 109 109% New Orle.an9 A
7IlKrcllaneons BoiidM>
N. O. A. No. E.— Pr. I., g.,6s..l915
Bonds, 79
litOO' ....
N. J. Junction— Guar. Ist, 48.1986
780fl871
1901 129
111
llO'Jgl Am. Water W. Co.— l9t 09.... 1907! 109
N. Y. N. H. A H.— Ist. reg. Is.l903 *110
Ist. eon., guar., 7»
1915 143i-2l45
99I2 100
1907
I9t con., gold, 53
1927'-*....
58
N. Y. & Northern— 2(1, 19
Del. AUud. Canal— Ist, 78... 1891 104i-2|105
7s..
1907
Cahaba Coal .MIn.— lst g.
N. Y. Siisq. A Wc9t.— Deb. Os. 18971
1st, extension, 73
189l' IO8I2I
96
84 ii Col. A Hock. Coal A L— Iis,g..l917
83
1937
2d, 4133
Coupon, 79
18941 lioiai
1905 '103
Eoultable G. A F.— 1st 6s
N. Y. Tex. A Mex.—1st, 4s....l912i ....
Pa. Div., coup., 79
1917(148 150
•103
1926
5s..
1st.
Water—
Hackeu-iack
Northeni Pac— Divld. scrip ext...'*101
Albanj-ASusq.- ist, gu.,7s.l906,*132%l
Henderson Bridge— lst g. 69.1931 '110
JamesRivcr Vai.— Ist, 6s... 1936! 105 12
1906; 124i8l
Ist, cons., guar., (is
1901
Iron Steamboat Co. 68
1936*
109
Spokane A Pal.— lat, (is
Reu.s. A Sar.— 1st, coup., 7s.l921 *
151
People's Jas A Coke ( 1st g.6a,1904'
St. Paul AN. P.— Gen., (is. .1923' 1221-2 123
Denv. A R. G.— Imp.,g.,5s...l928' 83-1i!84
< 2d g. 63,1904
Chicago
Co.,
103
nelenaARedM'n- l3t,g.,6a.l:l37*
Dul. So.Sh. & Atl.-Gold 5s. .19371
96-'8i 96^
101 la
iPhlladolphia Co.— lst s. f. 6s.l«98
DuluthAManitoba— l«t,g.6sl936 109
E, Tenn. Va. A Ga.— 1st, 7s.-.1900 *122ia
West. Union Tel.— Conp. 79... 1900 11619'
....
Dul.A.Man.Diik.Dlv.- Ist(isl937 109
112
Divisional 53
19301
la
101
s.
f.6s.1908
Wliitcbi-'st Fuel— Gen,
.'....
La. M. A Mo. H.— 1st,, 5s....l937i
1937' 95'<»
•••-;-
IO6I4
. .
-
•
'
.
'
I
.
!
'
I
'
.
'
C—
1
'
'
. .
j
.
U—
!
!
j
,
I
{
.
—
,
1
(
I
Ist ext.. gold, 59
••
No
price Friday; tliese are the latest quotations
mada
tlU»
west.
1
,
N«w «ork
Bank SUtement for the we^ endini? June
We omU two viphert (00) in all cases
City
89. 1889. to 88 follows.
iMtu
OapttaL lawThu.
BikNKI.
UiaU.
BfcU,
DifOtUi.
N«w
SKCUUITIKS.
3.000,0
9.060.0
York.
MkBteluui Co
ManikuU'
MMtaMUM'
1.633.0
13,470.0
t.eeo.fl
1,370,0
3'it.2
11 "."..O
l.i^U.O
809.0
1
l.t>0'
8,(><
J,o<
1.0.
l.O'
1,0"
(!
aal]MtBN*Uon»l....
kateliM*' * DruTvrn
llMbaiitn' * Trxism
1.0.
3UU.U
600.0
araadi MaUoDkl
MM*»t M*wYork..
^If
Lmlbw Mutufaot'n
AawtOM
Otmmtm*
avabUc
BuoTor.
Irr**"-
OltlMnt'
A
FaltoB....
Nicholas.
•boo A Leathar
Ooro Exrhani*
OoaUnantaL
prlentaL
Inportan' A Tradara
rmrk
Rortli Rlvor
arar
ftMUtli Nallooal
Oaotral NatlonaL....
BaoonA NatloDal
Ninth NaUonaL
nr«l Natiooal
7..^18.1
800,0
1,600.0
3,000,0
87B.8
4,40»,0
240.0
260,0
8.200,0
3,000,0
300.0
760.0
600.0
1,000,0
800,0
260.0
200,0
750.0
600.0
lOO.f
300,0
200.0
600,0
SOO.O
200.0
i6o,r
127,0
22.662,6
21,348,5
3,044,0
131,11
1.246.1
Thin* National
N. Y. Nat'l Kzchan|(«Bowerjr
Now York County...
Oerman- American...
ghaaa National
ffttUi ATonne
0«rmaa Kxchange..
Sannanla.
Entt«i) Statea
incoln
Oamolil
Fifth National
Bank of the Metiop.
WaatHlile
BeaboanI
Sixth Nauonal
19,134.2
8,045,0
3,M77.0
5.144.3
23.363.9
7,264,6
l,eJ5.3
2.809.6
2.643.8
2.951,9
656,0
227,0
302,H
6,100.7
27e,V
127.4
397,6
142,8
318,'J
65.',f
'."-..itou .t
Piovlilence
Souihcru
627,9
466,2
94,9
4,694,1
9
Summit Branch
Vermont A Mass
2.j, 079.4
i,394.6
1.675,9
19,628,0
8.988,0
4,946,0
6,002,
i
«i.441,2
7,^0.S,6
;<tl,6
2,495,1
5,442,1
Ul.O
29].7(
48,0,
310,81
389, 5
7:2.8
940,6
188,0
474,8
210,0
511,0
125,0
1,8:;9,4
6,420,1
2,390,0
4,209,0
2,160.0
l,62u,8l 11,017,6
6n.7«2.7!5',0P3.5!417,458,3 72,312,4i4!),281.5 440^0<J6.7
BAXK8.
Xoaru.
.«uri.lu».
I
Specie.
I
\
LrtaU.
DevoHU. l^irrVi CUaHnga
*
442, 170.4 3 98«.'
440, C06,7 3 947,.
728.702,8
I6.V606.5 10,887,4 4 .426.:
Of),04S.6 15.5,H36,9 10,308,3 4 ,624.1
65,043.6 154,737,3 10,740,01 4 353.'
142, 539,3 !.541.'
141. 094.1 1.538.!
138, 275,4 !,644,:
90,727,7
97.708,9
96,236,1
llOl,,589.0 !,083,l
68.562,7
77.668.3
77.943,4
-'
.
6.1.'143.i)
7.10,0
28,950,
27,989,
27,308,
•:„-,.o
.'.0,0
•
We
07nlt
$
•; 44,887,8
115.564,6 411.7
116.604,5 413,
44,717,4
115.664.5 4 111.-.;
> 40,184,3
416.»-.'ll,ll
116,866,2
...,„,.,.„.,..,.,
..•-'I'.l, 45,841,0
115,868,2 417,458,3 72,312,4 46,281,5
-^
txtHi
ciufitrt
m (tU tluse
Aouret,
442,,743,013, 979,: 689.612,9
440,,285.7 13, 993.: 73«.524,5
442 626.513, 906.1 712.190.6
101,,129.11 i,087,l
1102, 697.0 !.081,.
+ Inoludlnc, (or
-"
<llphla.thelteoi ''due to other
baiTka."
"
Boston and Phil s
'
Colony
Portland Saco
I
Bid.
A»k.|l
BANKS.
I
I
merles
182
162
Ajn. Excb..
Oanield
Bowerr
102
,240
'lia...
:t
i.:b..
Bntrha'tfili.-. !180
1
'r
<'.:i!i,il
i:n.l
,260"
I
2.10
4000 .^500
L.rathrr
270
140
2P0
625
175
M f«°
555
190
JOO
-00
162
i22
;
Fidli .Vvo...
Fli.t
lllli Stri.ct.
Ponrlh
1
14
.00
175
Ifii
2.1.1.1
I
Oil
(•
Bl'ckcr
160
125
16
York.. !216
13S
325
130
{Seventh
Shop&Leath. ll54
iSixlh
240
iSt Nicholas. 120
State of N.Y.
Third
120
jTradeainen's. 100
iSUiiitodSfes. i\0
98'
Wcsieru
West Side. 2U0
—
jl56
Nii_>is;iu
New
;i70
Seaboard
j
250
I
!
.
1245
I
,148
118
175
105
1024 104
'.'.....! 96
,
132
I;
Br
'l30
;112
!
99 Hj
....
,103
'lOO
108
140
>3
t.
1
CI,
l;
Ur>...
...
lOo
'
I
176
jl21
'126
114
.116
-Slk. 125
130
in«
I
'
1110
lltO
il44
:20
100
,118
Slk. 125
101
lOfl
Arl|i,0»,1914
105
110
* °'''"1 *** *"ry-Stt. 218 225
Inl inort, 7.«, 1893
110
42<IHL .Maiih..* StN.Ave. 39
"ii'
l»t mot.. 0». 1910
ills
118
2d liioit. uiiome.Gs
69
62
H(ia.(t.W.8t.A P.fy-Stk. 165
Ist m.irt, 7», 189*
.108
iVo'
Ninth Av«
80
90
Second Ave.— Stock
98 101
l»t tuort, 6a, 1910
I]06
107
Sixth Ave. —Slock
|J65
175
let mort,, 7», 1890
Iu5 .106
ThInI Avo.-stock.
'235
Bonds. 7» 1890
!l03
ib'i"
Twentythinl St.— .stock '225
.'
let mort., 7», 1893
1 g
iVo"
I
1136
llOO
I
'.'.'.\
I
I
I
I
"23'
23 14
58
57
BONDS.
4^8. Tiust Loan
Perkionien— Istsp.
lis
78.
771s
Collat. Trust, 5s
Plain, 53
102
IL.aj'llGlj
139\
2rt
Moitgage, 5s
"98 Hi
TriLst, 68
lis
107
117'ii'
130
112ia
50
129
122
Pitt.s.
latmorl., 6a
1
2.1 moit, Gs
0(,-ilena,
L. C..— Cons.,
&
W
lOO"-.
Itutliuid-
Suulhern Kansas— os
Texas Division— 58
Incomes
VViscon. Cent.— Ist M., os
Income. 5s
PHI L,A DEI., PHI A.
RAILROAD STOCKS!
Gap
Camden A Atlantic, pref.
East Pennsylvania
Elmira A Williaiusport...
66\j
30
9
K.
112=14
Cin.
A
St.
L.— 78,cp,
112
123
108
t
fO
120
,
i
.
35
58
Wash.
107
102i«
104^1 105
I03I4 103=6
IO9I5 .
97-, 9734
hl'i 52114
1ao.--lst,6s
A
Bait.— lata.
2d OS
3d Ks
24 4
iSt Inc., 5s, 1031
I
SO
12
il9>»
Cent. Ohlo-6s, 1890
Char. Col. A Anir.— lat. 7s
Cin.
45
{
,'
1
115
40
Atlanta A Char.— 1st,, 78.
Income, Os
Bait. A Ohio- 4s. 1935..
CapeFearA
's
10514
107
KAlLKOAJi BOND'S
i
101
119 "st.
.
Charl. Col. A Augusta..
'Western Maryland
I
102H
15
10I->4
2d pref
Central Ohio
Pi ef erred
Bell's
Per share.
R., 1893....
1st pref
5100 '4:100 >»
88
71
"16
97
541-i 55
i
A
BAl.TIMOKE.
RAILROAD STOCKS
A Ohio
\'6i
?
102
Baltimore
{110>ii
6s
6s, '18
Schuyl. R. E. S.— Ist, 5s..
Steuben. A Ind.lst ru. &e.
United N, J.— Gen. 4s
W'arren A Frank.— 1st, 7s
West Jersey- let M.. 78..
Jersey A A tl.- 1 at, Os
West Penn.-6s, 1893 ....
Pittsburg Br.. Os
20
129
120
A
130iu
I
11413
Deferred Incomes, coup
Phil.W. A Balt,-Tr. c, 43I
A Mcmp.— 68
A Siir'd.-5s
l.Htcou. inc.,3s, I93'....l
20 con. inc . 38, 1939 ..
N. Y.
N. Eng.— Ist, 78.
62
1
Cons., 7s, coup., 1911.. .|
Cons.. 68, g., I.R.C.1911I
Imp., 6s, g., coup., 1897.1 105
Cons. 5s., Ist ser., 1922,1
I
30i«
.
]
itlis
f>s.
2d. 7s. C.
CaliforniaSouth.— iBt, 68. 100
Income, 6s
i 35
Oouaol.ot V'raiont— 58..| 87ia 89
Eastern. Mass.— Gfl, ncH'.. 125
127
K. C. Ft. Scott A Mcm..Gs 114^6 ....
-.K. C. Ft. Scott A Glf.-7s
104
Kans. City Law.A So.— Os'
....
K.C. Memph. A Binn— 5b1 99
;122
Kan.Clt. Kt.Jo.AC. B.— 7s
Little K. A Ft. Sm.-78... 8
Loiiisv.Ev.ASt.L.— lft,68 5109
2.1 mort.. 2-68
5 64
Mar. H. A Ont.-1926, 6s. 107
9105
1923, 6s
Mexican Cen —48., 1911..
68
series
138
5
Penn. A.N Y.Can.— 7s.'90 I17ii US'*
PhLla. (t fc.rle— con. 68... 115
..,-,.
General mortg. 4s
1021..*
Philadcl. A Read.-lft, 63,
67
Bnil.
K. City Sii'd
K. City Clin.
1041,!
Cons.. 58, coup., 1919...
261,
9"s
jSeab'dARou'ke— 53, 1926
108
5
Hi
IWest. Md., 3d guar..6s.. 5117ial
Wll. Col.AAug.,e8,1910. 118
I.a8t price this
week.
and Brooklyn tias Securities— Brokers' Quotations.
Bid. Ask.
GAS COMPANIES.
G.4S COMPANIES.
Bid. Ask
N. Y.
Brooklyn O s-Llght
CiUzens' Qas-Liglit
B.mds. 5s
Consolidated Givs
107
iii
05
loo
103
80 la 87
JeisiyClty A Hobokeu.. 10
Met r.)politan- Bonds
no
Mutual (N. Y.)
102
100
Xassau (Brooklyn)
111
Scrip....
100
People's (Brooklyn*
,
1
1
104
102
7«
136
112
.4
Williamsburg
Bonds, Gs
Metropolitan Brooklyn!
Aliiuieipal- Bouds, 78
Fulton .Muniwipal
1'20
120
108
89
.
.
130
103
127
100
125
110
Bomi.s. Os
Bonds, Os
113
iu2
Stock Excliau^e— Unlisted Securities
SECURITIES.
Bid. Ask.
40
Atch. A Pike's P'k. Ist 68 100
All. A Char. Air Line.
88
Ist. 78, 1907
122
Brooklyn Klev'd— stock
37
Brunswick Co
24 14
Des.& East Sh. Ld.Co.
Newb. Dutch. A Conn
N. J. Southern
N. O. Pac. LaLd Grant...
Newp. N. A Miss. Val...
90
W
N.V. V.-..S.A Buff
N.Y. A Green'd Lake. Ikc
2434
12
11
l(.t niOTt., 41ii3
112
109
2d mort.. guar
109
100
Chic. A Atl.— Beneficiary.
6
C.V. W. A M.- Ccn. D.lst. 90
93
Continental Cun. A Imp.. 30
33
Dal. s. shore A At— stk.
61-j
7U
Pref
20
18
Georgia Pao.— Stock
141a 10
Ist 6s
112 113
Kanawha
Ist pref
20 pref
IstOs
A
,
Ohio
"82=,
30 15
'
!
'
83"
31
111
71.V
..,.....,,.....
Keely Motor
Lehigh ,t Wilkea-Coal...
Hock A Ft. Smith..
7'a
I.itlle
L.\. A.AC.— C.A I.Dlv.,«8 105
MemphisA Cha'st. consols 115
Mex. Nat.Cou6tmct*n Co. 23
Mlcli|g»n A Ohio
8>»
33
137
1-75
17
20
a
19
15H,
\
21
16V,
2
30
2d mort...
9
N.Y. Loan A Imnr
50
N. Pac. P. d'Oreille Liv.
102
Mis ouri Olvision
103
North Riv.Cona. Co.sorlp.
><
O.I.AW.— 1st acc.int.cert. 45
60
2d ace. Int. cert
Ocean SS. Co. - 1st, guar 101 ii 103
Peusacoia A Atlauiio..
3'»4
5
Postal Telegraph— Cable. 33
33 !«
St. Louis A Chicago
«
Pref
3S
St. PaulE.AQr.Tr..l»t«- 101
106
Scio'o Val. lst.7f,Tr. rec. 113
2d, 7s, Trust receipts... 81
Toledo Peoria A V^est...i la's 14H
.
2rts
Consol. 5s ...
Income 5a
A(k.
Bid
Mt
Am. Bank Note Co...
Calilornia Paeiflc
*-,''
106
100
320
General mort. 7s, 1903.
N.Y. Phil. ANorf-l8t,6s
Income, 6.1
Penn.— Gen.Gs, coup.1910
Cons. G-s coup., 1905 ...
7>s
/..
New York
i
;i
!I1«,ij
125
Poits...
* Topcka— 1st,
Atch.
....
;
19i>
'100
126"
135
1181» 118=4
160
I
•Inoad Securities— Brokers' (quotations,
SI k-T 28"
28
30
I)7tr5\B. ABT^TsSliresr 106" 106
114
I'M
ElKhlh Av.-Stock..."
140 143
-I'k..
180
Jl'
&
•
187
I
200
167
1370
Oallatlu
iiUepnbllc
Srcoiul
.'03
I
215
J65
ipark
230
,jl'e0iJ!e'8
200
Phenix ..
138
PrwlUfo Kx. 113
123»8
120
1
160
I
185
Ask
CoHDty. 420
N.Y.N»t.Ex. 127
i
I
I
I
N.Y'.
loiioiital
.'Pacitic
2.10
.210
[MadttionSii.. 111)
.M:inl.:Lniiii -. 1174
Bid
N. Ameiica.- 182
North River. 140
iLliK-oln
ied"
173
1
i,>'inth
145
ItlviT..
liii,*"riail's'
IrvlufT
4Vi6
!
128
li.M.K.n Kr. :2;o
.
Broadway...!
300
German Am. 123
I
Aaburjr Park,
I74I3
Wisconsin Central
Preferred
t
UANkS
Ask
Bid
6s,C
6s,
C. AK.,
i
1923..
North Penu.— lalM.. 7s.
ns.
Cons.
Preferred
Itaok Stock List— Latest prices this week.
BA^ KH.
Lake Cliam,. {'."f"
Laud grant, 78
8.471.8
2,802.4
0,003,9
3,622,3
3,917,8
1,439,3
&
3,250,(1
IC'.Oaj.O
4,24.1,6
111
I
2,0S0,1
584,0
50
I
A Wo. R. In Neh.ExeMipt,e»
Non exempt. 6s
1,628.9
2,730,0
1.076,7
140,8
1,681,"
Jersey
Went Jersey A Atlantic.
I
2,200.0
6,6
1.930.0
11,481,2
23
64
•i3.428,3
196,6
3,.'WC.O
1^ West
61'4
>i
N.J
309.6
272,0
170,0
144.8
415.0
599.0
410,0
nnltert Co's of
"i
1,983.2
4,167,0
194,7
138,5
2,702.5
1,629.0
3,:.52,2
132.1
3(8.71
1,112,0
61
Lewlston
Olil
084.0
3.393.4
11,042.2
5,703,5
3,169.9
4.000,8
17,567,2
2.862,0
I-,
9.'
2,881,0
l,5o»,7
4,322.4
2,091,0
27
&
70
73
"if
& Eno
Snnltnry
{
i
Preferred
Phil.
60
N..rth'n....l
West. Mich
Cleveland A Canton
hi..
Pennsylvania
25
C.9C.3.1
0,l!-8 7
269,5
635,3
702,5
354,7
.<.3
*
*
Nonhi:in Central..
North PennHylvaiua
12
Oirdcnab.
5.42. 4
3,974,3
2,91
Hurl.
riii..
..
I
20
53 >i
09
71
64 1,
4,210
318,0
582,5
2,489.2
690,7
1,710,9
Prcffridl
20
47li
53»9
Prefer-e.'
3,600.4
4.626,4
2.046,2
2,»<H3,1
15,83S.O
15.123.8
5>.0.«
1.351,1
3,4H0,9
1,321,2
I
Ask
Bid.
Broad Top
Concord
RAILIK/AD BONUS.
ConnecllcntA Passunip.. 9113
AUegh. Val.-7 3.10s.'9fl.
C.'nuectlcut Klver
Inc. 7.1, end. c.iili'.,'94..
Eastern
96 iQ 96^ Bells Gap— Ist M., 7s
Preferred
127 >s
Cam. & Amh — M. 6s.'89..
Fitchburg, prof
70 "70Vi Cataw-iasa— M. 7s, 1900...
t'llnlA Pore Marquette.
30
27
Chartiere— Ist mort., 7h..
97
Preferred
96
Cleartjelrt & Jeff.— 1st, 68.
,
Kan. C. Ft. Scott * Mem. i
Coune.tinff- Ort
i75
K. C. Memiih. & Birm
60
Del.*Bil.B.-l.st,78, 1905.
5
Louisville Evans. & St. L.I
Baston A Amboy.— M. 5s
Preferred
Elmira A Wilm.— Ist, fis..
Maine Central
Harris. P. M't J.AL— 4s.
{122Si
Munch- sterit Lawrence.
Hnnt'nA B. T.— let, 78..
.Mexican Central
IS"*
15
2d mortg., 78
123
Consol. M.. 5s
X. Y. & New Kng., pref-- 122
Xorthem
Leh.V.-lst, 6«.C.A R.,'98
162i
Ni>rwlch & Worcester
2d, 7s, reg., 1910....'....'
2,907,*'
263.0
474.4
331.5
138.3
73.0
183,9
500,0
200.0
3.600.0
3.319.0
1.394.3
3.131.1
1,402.6
SBbC
2.'i9.!'
2n<).u
03-<,0
4,4,V2,;
2.1;<4,2
398,0
298.0
16.5,1
188
267
,':UiforitiH
167,1
401,5
2,180,8
900,0
917.0
..
i/cntra! of MaM..<uchusctts
261,3
664,0
1.007,9
899,1
180,0
3.703.7
1,788,6
Alliiiiiy..
Ijow.-U.
.Maiiip
A
11.403,,)
2,9 II., 7
731,3
605,7
224.3
SOO.C
National...
5,338,5
2,210.1
1.031.3
176,3
385,8
4.-. 36.4
323.4
b65,8
349.2
1,054,2
&
I
A
89 'i Lehlfrh Vallpv
217
Llttli- ScbuylliiU
100
Miuebill A s. Haven
190
Neaquehoninff Valley
80l>i
f
26,101„1
305,7
833.5
423,2
686.4
479.6
225.6
448.2
1,165.4
321.6
319,1
197,9
197,1
428,6
2,324.9
H slon
t
'l.tpcka
lit
Huntincton
I
9W.1
9>;7,l
l.llH.2
1,486,0
I'...atuu<it
.-..O
60,"
271.1
2,393,0
3,356,6
1,000,0
1,000,0
1.9»5,7
/,0
3.94
330,9
228,7
1,714.0
1.042.6
6Ki.l
207.e
234,5
3-|it.«
tlDiiton
9.92
778,1>
2.568.9
S.S89.I
16.116.0
2.957.0
2.960.8
2.894,8
4.145.1
3,066.3
3.418.0
887.;l
If 2,7
b.TOli.O
1,436.1
3.7i3.0
6.;I01..S
4>>1,5
Ul'.I.O
914.9
423.0
3,616.3
6B.<,S
1.175,7
282,7
.Atchison
489,i>
1,383,4
RAILllOAI) STOCKS,
7.C 90.11
8ECURITIKS.
Ask.
Bid.
BOSTON.
63'.
110.8
273,4
250,3
450,0
300,0
700,0
1,000,0
A00,0
eoo.o
600.0
760.0
600.0
600,0
...•..
ironh Amarle*.
Waalem
h.ii.
1,6011.0
CTiMlnm
Market
5U9.4
800.8
167.0
128.3
17.560.0
18.080.9
6,4 8: .8
8,055,8
S.0S2,4
11,011.9
."
... ..••
6,5i7.8
1,»«7,2
3,863.0
1,44:. 1
l.l»'
«-•-
Paetao
Ptoprao
liuO.7
!.•.'."
MonuUlf.
Bait
.
4,0.
6,0.
1,0.
BxehsBt*"
Broad war
M.
J .1.
lOO.P
SI7.3I
1
Aranwieb
4,0l!l.
12,230,0
11,481,0
2.627.0
198.5
8"
MwobMita' Kxeh'Dfr
C
•
<
•
e(
XLXI.
[Vol.
(jnotatlous in Bostou. Philadelphia and Balliiuore.
Following are quotations of active stocks and bonds. A full
I'Bt is )<iven in the Chronicle the third Saturday of each month.
<00i omittt*.)
RMoan
.
THE CHRONICLE.
18
•uk
1
.
1
Utah CentraL— 1st
Vlcksb.
Os.
9.S
A Meridla:.- Ist.
3d mort
Tocoioes
Wabash— New
;
...,i
2d. 58....*.
West. N. Car.—Con.6s....
110
44
80
93
4
45
H
uov
.
Jtot
6,
5
1
.
'JTHE
1889.]
12
.,.
CHRONICLE.
19
Latest Earnings Beported.
Week or JIv
AND
flailrcratl lutelligeuce.
The Investors' Supplement, a pamphlet of ISO patji'.s,
tontains extended tables of the Ftmded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is piMUhed on the last Saturday of evtry
other month-^iz., January, March, May, July, September and November, and is furnished without extra charge
Bxtra copies
to all regular subscribers of the Cironiclb.
arc sold to subscribers of the Chronicle at 50 cents each,
to others at |1 per copy.
The General Quotations of Stocks and Bonds, occupying
tia pages of the Chronicle, are now published on the
third Saturday of each month.
and
Frou.satonlc
March
Hoii,'<.ATi-x.Celi.
.May
1^89.
1888.
Jan. 1
to Lattit Dulr.
1889.
1888.
wk
".til 10
J'ne
1,296
Guir.C"l..V;ri.F.
3d wk J'ne
5S),'22«
Calif(ii-'a I'l'iit
3(1
St.L.K.C.&Cdl. 3d
Califor'aSDn.. 3(1
Total systemt. 3d
Atlanta
Atlanta
& Char
Atliin ic
J; I'ao
*
.
W(!»tL-ni Lini!.-
Total
iV
1
..
wk
Mav
3d
109,
.350,ltiO
May
May
404,553
,760,713
1.18
Beech Croek
May
Buff. Koch. J; I'U I
tthwkj'ne
\X\
lJ,-<20
May
.
06,340
42,365
369,000
28,422
53,335
466,593
Ca'iadaAtiuiitic Vpril
C-ma<lianl'acilic lUiwkJ'ne
Cp Ki&Yail.\'al June
Ocaf. Br. LLP.. April
Ceu.KK.&Bst.Co .May
Central of >'..!-. Mav
Central Paciflc. .VprU
Central of S. C. lApril
...
.080,021
,•298,483
Darl. April
Ohio.... •lay
7,058
53,021
,650
21,500
4.872
315,015
&
144,-226
Charli«fn
Char.Col.
& .^av May
*
Aui; M;iy
Chat.R'nii'.tCoi.
1
May
&
Cheraw.
Chea.
Ches.
&
(5.
8.
W. May
67,879
49,508
Ellz.Le.x.A'B.S. April
March
Cheshire
Che.s.
839
09.782
47.312
217,716
Bm-.i".Raii.&N ). May
Cairo V. i-v Ctiic. 31 wk J'ue
iV;
i2r.
23,547
51,233
J'ne
PoiDiiinc; Jlav
Camdini
.5,225
12,225
157,492
wk J'ne
April. ..
W.ri. Miiy....
B.AO.Efi L n^?
Bait.
wk J'ne
wk J'ne
«
lienoir
.
5,-224
.ipril
36,661
Chic. &.Atlantic 2il wk .May
168,131
Chic. Burl. & So April
'2,,10<.261
Chic. Burl. * Q. Mav
505,4!»0
Line.t couU'lM -May
48,918
Chic.& East. Ill tthwkj'ne
579,000
Chic. Mil. j£ St. P. IthwkJ'ne
Chic.vtN'thw'n. Mi.y
,144,9 (2
5,2-22
Chic. & Oh. Riv. M.ay
'28,016
Chic. Pe. & St. L. May
Chic.8t.P.*:K.C. •2d wk J'ne
Chic.St.P.M.AiO. May
Chic. &W..Mich, 3d wk J'ue
an. Ga.
..<;
Port.s,
51.099
481.441
2.5,161
May
wk J'ne
wk J'ne
wk J'ne
3d wk J'ne
3d wk J'ue
3d wk J'ue
3d wk J'ne
3d wk J'ne
'.id wk J'ne
5,053
49,513
Cin.In(l.St.f..itC 3d
Ciu. Jac'f. & .Mai- 3d
Cin.N.O. AT. p. 3il
Ala. Gt. South.
N. Orl. & S. E.
Vickst). it Mci-.
Vicks. Sh. it v.
ErlaniT'T Svst.
Ciu.lticli.A- I'V.W
Chi. Scl.
\-
ll,56i,
57,723
32,135
.559
8,609
I ;
6,8 tC
119,><38
7,711
Mol). I.May
4,374
40,100
CiD.Wab.AMich. !May
Cin. Wash. & Ball 3(1 wk J'ne
Clcv.Akron>tC'ol 3d wk .I'ue
Ciev. A Canton..
Clev.Col.C.AIn.l
Clev. &Mari<-ttii
Color. Mirtlanil..
Col. & Green V ..
Col. & Cin. .Mid..
3.">,930
May
Mav
May
3(1 wk J'ne
May
3d wk J'ue
Hock. V.i\£r. IthwkJ'ne
Day.Ft.W.cVChl. May
Denv. & Rio Gr. 4thwk J'nel
Denv. & R. O.W. 3d wk J'ne
Col.
Dcnv.S.P'k&Pac April
Det.BayC.ckAlp 3(1 wk J'ne
Det.l.ansV'ArNo 3d wk J'ne
<St
T.
II.
6,457
IthwkJ'ne
18,270,
4'i9.848
May
t'itchburg
Fllnt.&P.Mani. 3d wk J'ne
Ry Xav. Co ]3divk J'ue
42,435
Flor.
W.dn. &L.. Mav
Ft.W.,feUeii.City IthwkMav
Whole ."y.st'ni. IthwkMaV
Oeorifia Pacilic May
Geo. 8o. A- Kla.. May
19,2331
24,456!
Ft.
Gr. Rap.
&
Ind.. 3d -vk J'ue
Other linef*
Grand Trunk.
.
.
3d wk J'ne
Wk June'i'.'
Chic. &Gr.Tr. Wk Juuei;-.'
Dct.Gr.H.&M. Wk June:;j
2(;,650
59,289
12.416
19,988
60.077
107,206
!
Dulnth.^.S.* Atl IthwkJ'iii;
E.Tenn. Va.iVGa. 3d wk J'ue
Evans.&lnd'plis 4thwk.T'ne
Evan.'iv.
15.186
34,101
645,041
22.060
31.675
43,300
5,590
50,352
37,735
201,300
33,0li3
i
69,115
95,421
25,30(!
43,558
3.710
384,450
7 .225
1
19.929
*
852,781
79«,165
163,311
45,1'29
42.327
8.540
361,541 8,048,972
1.180
20,973
49.950 1,518,286 1,117,1,54
497,114
12,786
384,607
87i',<»03
29,444
483,040 11,778,.508
509,049
96.437
4.57,199
25.23.'
.70,165
171.611
51,630 1,314,782 1,270.701
,357,061 6,283,449 5,951.071
1,88 ',298 1,903,193
411,52
,769.184 8,173,74
7,857,204
663,228
011,562
131,386
332,7111
407.231
08,918
45,4-24
907,623
941,797
1,067,334
1,026,533
194,301
312.021
315, (W8
1 4,29
205,527
l,-<4.9-<4
45,112
155,878
148,249
42,843
6,303.133
5,833.390
334,000
189,347
24,154
151.378
293.^<19
225,791
68,8t)7
449,032 2,920,921 2,803,908
,003,143 4,819,470 4.li'<].867
,254,150 4,503,432 4,643.35(1
38,682
37,959
6,309
28'2,978
201,497
42,878
302,724
375,140
58,042
92,381
4,,5Vd
29.070
29,090
368,867 1,705,248 1,S07.718
7(.9.6.30
784,936
161,583
275,264
301,570
66,637
132,8
122,400
42,599
24,936
28,101
5,169
786,7-17
75l>,270
48,152
048.303
475,269
127.98/
,749,187 9 853.570 8,022.032
441,412 2,808 SOU 2,067.302
46,462 1,213,212 1.22 1.562
595,755 11,10S,711 111,331.090
;,0.J0.253 9,049.736 9,190,4.52
30,464
18.415
3.911
1 33,929
117,460
25,117
845,415
41,114 1,107,159
472,176 2,260,357 •2,232,577
636.s-il
2fi,926
633.648
22,475
22,760
5,365
l,199.sl8
1,266.114
.52,.553
251.435
217.068
10,284
6.), 195
1,632,777 1,612,977
698,-198
827,652
21,455
38:^,056
459.355
12,175
20s. Ul
252.052
0,828
21.-<.s()7
242,702
5,459
114,112 3,434,538 3,122,179
ISO, 739
201,063
7,104
4 i.s05
42,-l08
7,098
195,997
183,033
42,400
915.675
915,506
35,973
319,269
279,071
13,542
150,197
34,49(>
159,409
58(>,li33 3,048,118 2,88-'.259
10s,5,88
20,095
98,143
589.815
26,202
751,829
304,043
259,313
37,776
145,144
140.037
6,078
67,304 1,162,585 1,328.715
139,502
33,150
189,944
212,900 3.548,003 3,515,424
606,263
516,855
2.5,525
228,815
317,759
83,037
21H,4-Z7
2.53,392
10,700
484,912
427,748
10,153
38.96-1
743,2J3
540,729
100,429 2,722,916 2,517,220
12M,347i
100,624
4,932
407,388
386,908
18,239
415,916 2,16-<,"09 2,011,013
40,895 1.130.707 1,165,0.58
518,957
19,022
54S.374I
103,986
21,726
115,380
481.4071
334,184
20,996
1,043,137
s'ioiiii'i
528.770
93,191
99,621
9rV,299
43,251 1,02(»,471
94, 06
97.568
4,701
360,108 8,658,729 K.019,492
70,3)9 1,569,799 1.518,.530
482.640
445,8971
21,081
1
1
«
«
*
87,5011
1
69,840
244.2-29
173.4011
11,347!
1,030.738
10,300
" 8,010
7,521
128,383
137,302
107.782
115,303
Cedar I''.AMlii. .May
l>uh. ASlo'xC. May
.May
Iowa lines
Total all
(
Kmffsl'n A Peui. 3(1 wk
Know. & Ohio, May
F/.
Erie All.
A
•ih'.h'ii)
J'ue
J'ne
J'ue
J'ne
J'ne
J'ue
80. .May
A Wcsl 3d wk J'ne
A llud.. May
Rock A Mein. 3(1 wk J'ne
L. Erie
,
IxshlKh
L.
—
June
Ixing I.-dand
La. & Mo. Klvcr. April
IthwkJ'ne
AT. IthwkJ'ne
Lou.St.L.ALe.x.
May
Maryland
.\|iril
('(•ut.
.
Milwaukee A No IthwkJ'ne
May
tiauj?e..
Minneap. ASt.L. May
Mo. Kan. A Tex. .May
Mobile A Ohio.. June
Montana Union.
May
3d wk
Cli.
8t.L.
Natchez .lac. AC.
N. Y.
Norfolk
A
J'ne
81.'293
95,620
30,000
10,229
50,203
287,802
2,410
74,572
21,335
14,897
•2,892,851
2,182,580
400,419
476,0-21
May
IthwkJ'ne
A W. May
53,525
52,913
1H),.520
West IthwkJ'ne
N'theast'iUS. C.) April
North'ii Central. May
4th wk J'ne
Northern Paeille
Ohiolud. A W..
Ohio A Miss
Ohio A Northw..
Ohio River
Ohio Southern..
01ii( Val. of Ky,
12,000
27,40l
140,383
4,247
334,236
'219,896
April
N.Jei-.scyAN.Y. May
New Orl. A Gulf May
N. Y. C. A H. R. Mav
N. Y. L. E. A W. May
N. Y. Pa. A Ohio April
N. Y'.&N.Euj?.. May
8us(|.
50,075
554,351
New BriiuswiBk.
N. Y. ANorth'n.
N. Y. Out. AW..
10,431
110,7'23
April
A
Nash.
5,6 13
3,714
41,893
4,850
43,635
22,493
8,192
349,008
32,267
15,652
412,580
3d wk J'ne
4thwkJ'ne
115,935
52,760
502,437
517,747
23,080
.59,898
May
19,800
8,340
36,031
4thwkJ'ne
4,226
30,853
Omaha A St. L.. April
324,577
Oregon Imp. Co. March
513,615
OreR. R. A N. Co, May
Oreg. .short Line April
248,047
Peuu.sylvauia ,. May
5,294,810
15,434
I'eoria Dec.AEv. IthwkJ'ne
May
41,360
Petcr.sburK
Phila. A Erie... May
439,499
Phila. A Read's May
1,017,673
12-2,808
Plttsh. A Wesl'u May
Pitts. Olev.AT. May
50,337
Pitts.I'aiu.AF. May
31,967
Total sy.stem IthwkJ'ne
52,019
20,802
Pt. Royal A Aus;. April
Ft. Roy. AW. Car. Apr!/
21,369
Prescott A Ariz. .Ma,Y
11,126
Rich. A AU'ffhy. 2d wk May
25,777
cR.ADan. -Sys'm 3d wk J'ne 214,122
Rich. A Petersh. Mav
25,417
Rome W. A OKd. April
201.398
tthwkj'ne
23,337
St. Joa. A G. Isl
St.UA.AT.H.B'.s 3d wk J'ne
17,560
8t.L. Ark. ATex. tthwkj'ne
81,305
St.L.A Sau Frail. IthwkJ'ne
135,000
St.PaiilAlJiil'th May
102,774
St. P. Mi u. A Man May
620,180
S.Ant.AAr.Pai
:d wk J'ne
24.374
•lay.
Sav. .Vm.AMe.
11,089
IthwkJ'ne
May
Scioto Valley..
Seattle L. S. A L
Hay
Shenandoah Va
May
May
id
South Carolina
80. Paeilk;
wk
51,-252
J'ne
May
Louis'a \Vest.- May
Morjiaii'sLAT. May
N. Y. r. A Mex, May
Tex. A N. Orl. .viay
Atlantic sys'ui .May
Pacific system April
Total of all.. April
80. Pac. RR.—
No. Uiv. (Cal.) April
80. Div. (Cal.) April
Arizona Div.. April
New Mex. Div. April
Spar. Uu. A Col.! April
I.
829,38-.t
48,8(X»
57,414.
4,547.837
34,777
633,105
06s,239
660.542
5.'208.381
145,421
055,835
111,106
75,026, 2,017,341
5.. 25
U8,B49
25,301
155.910
74,200
373,887
0,363
143,008
3,038
85,231
38,132
238,888
4,812!
25,463
40,121 1,09s, 191
24,337
90,777
-201,551
10,019
300,734 1,433,157
36,182
122„396
14,H6l
454,238
426,009 8,291,971
48,734 1 ,016.676
42,700 1.243,719
137,004
620,604
32,.598
•25,8991
5,519
625,76.'V
11«,I9'.4
1.816.510
114.078
85,048
364,091
144,621
79,044
108.506
21,02»
868,685
01,ft'22
325.489
1.414,565
134,94^2
148,71«
7.735.043
952,5391
1,110,701
5,345
70,000
80,987
46',206
io,2(Ht
780.516
27,888
94,385
3,102,084
51,739
1,535,609
199,562
80,845
98,140
30,472
8,969
103,601
494,129
194,108
00.547
252,797
2,247
77,934
18,950
11,780
36,879
755.706
2,914,121
oso'.iid
^
i.sosisi'f
539,796
43,267
490,358
2,532,015
1,180.930
495,618
34,31.%
502,01
2,430,721
1,477,018 1,-200.858
218,903
232.09O
1,403,720 1,201,834
82,850
60,845
273,83H
253,537
87,208
86,62a
69,592
68.3.57
2,8-21,843 13,608,702 13,726.416
2,382,879 9,sst.i)7s 1(1,304.417
491,210 1,882,711 1.878,593
424,439 2,119,228 1.991,699
231.848
207,:i83
48,067
50,410
808,910
757,46a
484,751
545,398
96,471
82,403 2,189,850 2,-298.756
-248,686
t-4,109
244.839
528,990 2.29s,71^ 2,348,883
539,225 8,989.6;»7 7.43",I62
646,411
26.901
673,812
0-2,018 1,819,521
1,740,518
17,000
78,400
69.600
11,046
243,708
195,048
210.363
-235.28ft
37,179
.57,269
2,627
60,899
28,244
111,035
129,879
446,440
928,270 1,174,004
507,5.50 2,123,479 2,262,181
915,800
706,922
211,8431
5,027,700 21,073,217 22,777,803
341,16s
315.090
14,.5.54
214,023
185,287
34,576
364,679 1,()41,810 1.467,002
1,746,641
564,719
i7S.5i&
108,134
203,600
176,331
43,992
113,273
74,136
21,084
48,531 1,059,943
902.339
135,'255
20,378
118,899
143,880
122,67T
18,498|
36.465
55,000
5,655
201,5-23
400.932
13,412!
167,537 5,082,026 4,534.494
122,623
108,782
21,894
251..507i
940.4-2.t
984.908
499.116
546,416
18,986;
'
0,6191
4,53.476
413.5-29
60,600
144,934
1.437.e(U
2,560.l-45
], 241,731
2,521.20a
1
397,494
132,443.
743,455' 2,804,0S7
519,535
74,154
250,415
100,575
315.000
550,206
28,974
0,880
54,710
3,372
67,539
70,760
478,967
3.324,975
432.416
31,951
262.467
.
310,460
529,753
Co.-
Gal.llar.AS.A
Staten
*
2»1,550
19,.545
Memphi.s A ('has 3d wk J'ne
tMexicau Cent. ..Ufhwk J'ne
San Luis Div. IthwkJ'ne
JMex. National .May
tMexicau K'way WkJnne22
Mil.L.Sh.AWest IthwkJ'ne
Mineral
27,146
5,658
83,477
4,989
34,460
84,160
1888.
0,<)0O,274
'
Ind.Uee.* West. .May
Iowa Central, .. 3d wk
KanawhaA- )hio 2d wk
K.C.l-'.S. A Mem 2d wk
Kan. C.CI. AKp, 2(1 wk
K.C. Wy. .VtN.'W May
Kentucky Cent .May
Keokuk & West. 3i: wk
1
45,332,035
3.5,13)
May
....
1
*
178,1«3
ADcgbeny Val.. May
A8UV.& Spartan. Mav
Atcli.T. \-.H. Kp.. 3d wk J'uc
1889.
Ill.Ceu.dll.AiSo.i .May
I.oulsv.N.O.
ESOADf.
1888.
1«7,5.5U
Louisv.A Xashv. IthwkJ'ne
IX)uls.N.AA(;h. 3d wk J'ne
RAILROAD EARNINGS.
1889.
liuiuc.sl'uASlK-n Ma.y
IXjul.-f.Kv.A St.L.
Latest Earnings ReporCed.
10 Latest Dalf,
KOAI>B.
luuestmettt
Weekoril'i
Jan. 1
Rap.T. June
Summit Branch. May
Lykens Valley .Ma\'
Texas A Paeille. IthwkJ'ne
Tol. A. .\. A N. M.
Tol. Col. A Cin
.
4thwk J'ne
May
.
T0I.& Ohio Cent. IthwkJ'ne
Tol. P. A West.. 3d wk J'ne
Tol. St. I.. A K.C. 3d wk J'ne
Union Pacifle
.
May
. .
Total systeint.. April
Utah A North'n. .Vpril
Valley of Ohio.. May
Veriiiont Valley .May
Virginia Midl'd May
Wabash Railw'.iJMay
,
!
298,290
84,273
372,359
12,912
304.-255'
1,515,766 1,559,319
411,257
373,308
2,088.218 2,147.989
10,64 4:
52,048
42,736
1.'14.6m3
5.39.836
108,765
616.792
902,517 857,113! 4,684.082 4.683,183
2,772,012 2,943,34310,079,178 10,644,27tt
3,745,318 3,867,895 13,860,742 14,470,341
69,923
363,527
1
167,356
484,146
153,381
85,433
5,970
110,7.50
98,330
86,184
134,786
23,998
20,844
28.6.4
15,-252
158,0941
647,739
199,741
89,345
5,947
111.216
576,998
1,934,328
527,960
2,193,560
804,697
368,921
35,498
407.461,
368,934
489,979
601,460
122,171:
44'2.337
370,671'
93,1573;
167,007! 2,s87,800 2.895,220
444,.'10;
283.382
14,875
05,760
15,132
93,843
.523,296
20,470
.5i)3,1.50
402. -182
307.686
15,714
203,465
388.27s'
9,058
654.494
333,114
40.426
15,119
2,311.715 2,3 1 2,191 10,'270.4 19 1 1.01 0,31
2,70.«,71O 3,209,7.11 10.259,946 11.221,13.>,
150,-291
575.250
379.932
148,971
241,032
220,680
32,149
53.448
05.971
67.823
1.5,314
15.783
14-2,800
684,770
774.491
1.55.800
569.030 .533.914 2,180.531 2.405.620
..
;
...
,
1
THE CHRONICLK
20
XoMfl
MamiHf lUporua.
:
Jan. I
lo
Latat
Jfay.
Date.
1889.
Boadi.
Roads.
}
Wmkar
Mei
1889.
1889.
1888.
130.1,808'
148,160' 2,676,162
42,207i
I0.62:i
178,183
75,130
Atob.Top. & 8. Fe*. <Jross. 1,669,207
431,372
Net...
5.462
St. L. Kan. C. & Col G ross
Allegheny Vnlb y
'ff'i-gru.
4ttavkrDe
11M17.M
3-.',01
t
s:i.9<M)
V
ii-il
!
wk
I
J'lie'
6H,(>44
&.'.,7o4
7S,828l
69,803
.
r-Jan.l
to
1888.
1889.
163.311
61,178
852,781
May
31.-\
1888.
1888.
I
Wtkhwh
XLIX.
[Vol.
,572,411
217..V>5i
40,785
197,530
1,497,7H0
,39K,3<i2
371. 394
•.:,-)9.s79
I9(i.s;t3
•J92.1 19
.^)l.-..3:).-)
122,.')!",
•1'JS,7(I5
322,507
1,678,532
292,419
•j;i'.;.2:iii
GroBS.
Net...
.
Net...
flef .508
Fe..Gro88.
Nee. .
California Central fJrnsa.
298,813
27,180
83,817
Gulf Col.
&
a.
,578,505
Net...
8,978
3.50,937
7,560,029
2,055,343
16,851
dcf 9,384
212,160 1,333,136
8,393
44a, 128
70,798
347,981
l,50.6.->3
32,000
30,251
9.707,024
2,157,349
798,165
323,114
962,986
781,566
21«,024
5,410
Tot. lines control'd (Iross. 2,118.303
472,434
Net...
irp synwn. Incliidtiuc all road ojioratod.
t Eanii.
iu|>lil.« dl%iitiou in 1889 but not In 1888.
Roads owned Jointly—
130,163
627,582
Gross.
Atihlson's half
11,524
13,256
Net...
iAt«Rt Hr«89 Earning bj Weeks.—The latest weekly earn^
Gross. 2,248,466 l,995,4.i9 10,334,607
Grand total
inps in t lie f .ri';ioiiig table are separately summed up as follows
485.690 37^,209 2.168,873 1,588,343
Net...
For tilt' fcairtli week of June only 82 roads have yet made Cent, of NewJerscy.. Gross. 1,080,021 1,003,113 4.849.470 4,681,867
458,347 411,230 1,905,251 1,919,381
Net...
their returns, .nnd on these the aggregates show 1-33 per cent
Chic. BurL Quincy.. Gross. 2,101-, "61 1,749,187 9,853,.571 8,022.033
938,'30
63,675 2,979,893
Net .. 73^,418
gain. Some of the roads have suffered a decrease because of
Lines Controlled. ..Gross. 505,490 441,412 2,808,896 2,067,362
the extra Sunday in the week this year.
793.573
228,300
1(6,826
12,957
Net...
Cin.N.O.&Tcx.Pao Gross. 294,418 300,867 1,463,810 1,121,034
411.000
379,139
Inereaie,
Deereaie.
64,(00
89,993
4rA tetek of June.
1889.
1888.
Net...
60,302
414.681
345,163
73,930
N. O. & Northeast. Grnfs.
«
S
S
60,< 00
43 OCO
2,000 def 2.0i!0
Net...
r
47,342
45.424
1.918
A Pittsburg.
191. S94
33,239
29,032
225,183
Ylcks. A Meridian. Gross.
no
369,000
334,000
35,000
t
17,000
1,000
def
2.000
54,090
in ..„!a
Net...
48.948
46.462
B2.186
i
I'nul..
579,000
695.755
1 6.755
30.525
221.184
201,934
37.608
Vicks. Shrev.APao. Gross.
<
.10,352
10
67,304
ie.9.'^2
33,000
30,000
Net... def.5,000 def 3,000
...KI'P
204.300
1
212.900
8,600
34,101
34,496
139,409
150,197
Cleveland A Cantont Cress.
i'
Allaiitlo...
60,077
38,968
2i,l'9
10,1-17
11,251
48,630
41,128
Net ..
mlianap.
1
6,457
4.932
1,525
334.142
351,007
July 1 to M.ay 31 1 Gross.
18,270
i;-.....
T. H
18.239
31
110,793
112,781
5Net-..
11 mouths
14.t61
I.uui^v. i,\;uisi. A St. L..
13.652
791
53fi.f 66
491.000
107,528 103,514
lOillKvUi.
412,.'i80
,Nil-hvllle....
426.609
14,029 Denv.ARioGr.West. (iross.
34.661
23,997
163 559
101,977
Net ..
X-otilnvUlp N o X Texas
50.075
42.700
7,373
Mcxli-an (V;,!:..;
94,38.=110,385
46, COO
445.817 423.838 2,410.404 2,217.197
E. Tenn.Va. A Ga. J. Gross.
•Mllwunliir 1,, <h.i>;We«t.
9«,140
95.C26
7t:5,774
2,514
722,520
N. t...
119,289 128,197
Milwmiki-f .V N>>ftUoru..
30,600
30,472
128
5,37i,776 5.161.812
July Ito May 31. ? Gross.
N.Y Out. .V \' c-t
60.410
52,913
2.503
1,784,592 1,838,124
11 mouths
5 Net...
Norfi.ll! .V \V,-I. ID
115.935
82,403
33,532
44,8'3
38,1S2
198,566
Kuoxvi'ile A Ohio.. Gross.
238,888
Northern P.i'.il'c
617,747
539,225
21,478
82.105
Net ..
15,190
93.742
17,774
'Dliin tV Mi89:s8ii»pi
62.618
50,898
2.72C
501, Mi3
451,499
July 1 to May ^ Gross.
Ohio River
2 706
8,340
11,046
Net...
169,014
months.
)
198.634
31,11
(l|lll> Vlllll'V
1 "^OO
2,627
4,226
'88'
Peoria Lee. A Kviins
14.5.54
199,382 218,345 1,011,144 ],036,!^36
Flint & Pere Marq. Gross.
15.43J
Pitts. A West., tot. Bvsi'ni
t7,218
6-, 141
3( 6,260
260,002
48. .'^31
Net...
52,619
4,088
Bt. Jotceplj A- tir. Isliiurt...
lii.OSe
23..<S7
4.351
84,100
74,190
373.887
361,090
Kentucky Central... Gross.
Bt. I-oiiiK .\rt;. i Texa«...
81,365
€6,600
14,765
Net...
38.744
26,106
136,713
120,287
et. I-ouls ,v i^an Frun
135.000
144.934
9,934
6,S69,153
N,ashville.
Gross.
1,382,680
1,316,324
6
920,286
Louisv.
A
Tex an 4 i'luitic
134.786
167,007
32,221
Net...
476,838 408,384 2.594 060 2,030.192
Toli-ilo Ann .\. A- .\o. .Mich
23.r'98
14.875
9,123
July 1 to May 31, 1 Gross.
15,227,541 11,' 93,452
Tolerio A: 0:i!o Central...
28.024
26,470
2,154
months
JNet...
5.808,737 5,051,011
11
Wabaali Western
130,S08
148.160
17,352
Wemeni N. Y. A Penn
83.900
189,374 160.896 1,072,644
976,316
89.500
Louisv. N. O.&Texas Gross
5,600
Wheeling A Lake Krle
iO.Ul
Nft...
46.279
22,269
31.851
292.318
214,357
2,138
334,236
National...
Gro.=s.
199,562
989,110
1,5.^5,009
Mexican
Total (32 roada)
3,623,305 3,575,766
194,958
147,119
81,708det.27,B84
Net...
310,742 dpf-78,291
H*' lriT<>»»o (1 33 p. C.I..
47.339
Gro.ss. 1,632,186 1,537,289 7,2-i9,150 5,829,025
Northern Pacific
Net...
043,145 707,2;9 2.818,066 l,si37,725
" One day less In 1889
17.910,091 11.236,191
July 1 to May 31, ) Gross.
t Decrease due to wet weather.
JNot...
11 months
7,175,092 6,069,311
Mississippi..
Gross.
313,970
292,701
1,330.179 1,451,205
For the month of Jtme we have returns from 43 roads, on Ohio A
31w,215
Net...
87,040
66,022
447,740
which there is a gain of 4.05 per cent, the aggregates being as
3,<i58,643 3,0'<8,246
July 1 to May 31, ^ Gross.
JNet...
11 months
1,115,681
1,172,851
follows:
46.S84
3<',':24
Gross.
OhioKivcr
200,543
150.863
Month of June.
1889.
1888.
Ivcnane
14,.'155
Net...
22,234
82,310
50,563
Gro8«carniu69-(43 roads)
$15,306,726 $14,710,514 $396,212 Oreg. Ry. A Nav.Co. Gross. 513,615 507,3.50 2,125,479 2.262,181
Net...
190,0-.i8
179,613
386,848
752,587
Tlie complete statement for the third week of Jime covers
439,4:9 361,679 1,641,810 1,167,0'>2
Philadelphia A Erie. Gross.
87 roads, and the gain is 4'63 per cent.
Net...
2('3,198
142,230
574,210
515,688
122,808
108,134
Pittsburg A Western. Gross.
564,719
478,.316
Net...
49.512
42,486
2u8,931
181,888
3(< veek nf June.
1889.
1888.
Increate.
Decrewe.
50,337
Pitts. Cleve. & Tol. Gross.
43,932
203 600
176,331
Net...
11,144
14,620
40,225
41,189
9
9
9
PreVlyrerortvi fo3ro8ds) 3.453.512 3.282,435
31,967
Pitts. Paines. A F. Gross.
21,084
250,360
113,273
70,2-3
74,136
AT<hTA8.F.A:l,'se.I I's.
311,552
361,341
Net...
13,489
6,103
32,937
21,068
19,989
.«t Louis K.C. ACol...
1.296
1,180
116
Gross.
!0
Total
system...
205,111
173,2
881,389
729,013
tiulf Col. A Siinta Fe...
50,226
49,956
9,270
Net...
77,115
63,209
282,(191
217,114
i'"l' ornla Central
15,225
12,786
2,439
July 1 to May 31 ! Gross.
2,00.,510 1,817,836
riirniH .si.utliern. ...
12,225
29,444
17,219
ll mouths
JNet...
568,839
5t!6,791
N CAT. I'HP (5rMg.)
1 19,838
5,7'26
114,112
..-i. lan.l Akrnn \- Col...
Gross.
51,232
Scioto Valley
54,710
236,115
2 '2,467
15 486
13,542
1.944
Net...
13,929
6,294
63,038
44,103
107,208
100,429
6,777
19,233
19,(22
211
South Pacific Co—
.'i l.auadB..
384,450
366,108
18,342
Gi,l. Har. AS. A.... Gross.
298.290
304,255
1,515.766 1,359,319
rand Tr....
71,225
70,330
886
Net...
2^,108
63.634
208.309
368,617
11. AMU...
10,929
21,084
1,153
Louis. Western ....Gross.
84,273
69,923
27.146
411,237
373,308
2.5,81.9
1,247
Net...
40,';
pids..
56
8.102
27,541
107,590
173,609
10.019
1,827
-ton..
^'
27,404
27.^88
ATex.
Gross.
2,0.S8,218
Morgan'sLa
372.:^59
36:^327
484
2,147,989
'
81,293
80.845
448
Net...
95,424 113,743
580,139
057,637
>V. siem....
23,680
26,961
3,281
N.Y. Texas A Mex. Gross.
12,912
lf>,614
52,018
42,736
2,883
2,123
760
Net... det.2,005 def. 3, 810 def 26,019 def. 26, 830
214,122
167,.W7
46 585
TexasAN.
Orleans.
Gross.
134,683
17.360
108,765
10.619
616,792
559,836
941
h
Net...
41,891
24..574
26,059
16J.669
2-,974
149,215
4,400
!>.„.,-..,:
l.'i,2ft2
15,714
Tot. Atl. sjstem. Gross.
902,317
402
837,113
4,681,082
4,683,183
iul. 61. ivouis A K. C...
16,119
9,058
20,-, 114
Net...
6,061
227,137 1,032,058 1,322,296
Tol. A Ohio Central G ross
97,694
Tout (87 rodrtii)
96,685
415.766
471,573
5,077,628 4,853,615
352,113
128,100
Net...
30,i38
20,522
138,780
139,732
W^t lnert*ni<e f4-62 p. c)..
224,013
July 1 to May 31, (Gross.
l,"5-,74l 1,085,999
11
montlis
J.Vet...
341,237
387,202
Net Earnings Monthly to Latest Dates.— The tables follow.
Wisconsin Central. Gross.
341,290 303,617 1,419,719 1,368,083
Ing show the net earnings reported this week, the returns
Net...
118,926 103,494
116,001
for each road being published here as soon as received, but
not
* Including the Chicago line, St. Joseph
ER., Chicago Kansas A Westkept standing from week to week. The figures cover
the ern, New Me-xico A Arizona
and Souora.
latest nuntlis and the totals from January
1, and also the
Decrease on account of coal business, general freight Increased
totals for tlie Hs-al year on those companies whose
fiscal year the net is givou after deducting taxes and
expenses Boston offlce.
aces not coi respond with the calendar year.
; Including Knoxville A Ohio.
Ini'li:
•
:m.
I
II
vhlch half ownenblp ia hold.
Callfnla Southern Gross.
Net...
r.
^.
'
•
.
.
1
.<:
1
.
,
1
:
'
:
<
<
'
'
'
'.
•
1
.,
<
. .
t
61 ,004
July
I
6,
THE CHRONICLR
1*9.J
ANNUAL REPORTS
New York to raise money to liquidate
the most pressing portion of this indebtedness.
Cincinnati Alahamn ic .Vtlantlc. This railroad lias givea
a mortgage for $7,000,000 to th» Mechanics' Savings Bank
Trust Company of Louisville.
It will cover all the right of
way and property of the railroad, and is due in forty years,
bearing interest at the rate of 5 per cent per animm.
Mr. Malott started for
—
South Shore & Atlantic.
fFor the year ending December 31, ISSS.J
The results for the year 1888 were as below
Diiliitli
:
Earn ingt—
¥55S,3ft9
Freight
Fas-eutetH
U. 8. Malla
-
Express
Msecllaneousand rents
2?,671
*l,'iOS,592
r.rossearulDBS
MaiiiriMiance of
—
f>.9iO
,
war
$263,009
MainteDanco of cquipiiient...
95.9-L7
447,'?44
CoiKluotin*? tran-iiorlation
Geueral expenses
•
76,398
-
Total expensoa
88:>,798
Net earnings from
$584,794
trafllo
Veriiiri—
Interest Mariinettfi Iloiit'liton & Ontonagon bonl8-$32'>,fl72
119.100
luteie-st D. 8. a. & A. hoiida
196 707
Dividend M.
.t O preferred stock
—
;
—
672,938
D«ncit
Earnings from other sources
$8«,144
8,306
Total dcflolt for 1833
$79,837
Danville
GENERAL INVESTMENT NEWS.
& Maine — Concoril. — A
Boston
cord, N. H., July
3, said:
;
;
;
36,158
Total flxod charges, &c
being dismissed Friday, June 28th.
A])]>lication lias iH-en
to list on the New York Stock Exchange S20,.500,000
common capital stock and $10,000,000 )ireferred stix^k Cleveland Cincinnati Chicago & St. Louis Railway Co. Tlie company has also taken control of the Cairo Vincennes & Chicago
road on terms not yet made public.
The directors of the Cairo Vincennes & Chicago Railway have elected the following officers: President, M.
E. Ingalls
Vice-President, Anthony J. Thomas
Treasurer, M. S. Osborne
Auditor, M. Hill
General Su|)ertiaendent, Robert Blee
Directors, M. E. Ingalh, Anthony
J. Thomas, M. A. McDonald, James Fletcher arid C. S. Elliott.
Columbia & Port Deposit. Pennsylvania RK. Tlie Pennsylvania Railroad Company has filed a bill in equity in the
Pennsylvania Court of Common Pleas, No. 2, asking for a
decree of foreclosure on the mortgage given by the Columbia
& Port Deposit Railroad Company. 'The bonds are held almost
entirely by the Penn. RR.
male
;
U
Taxes
&
Cleveland Cinclniati Chieatro & St. Lonis -Cairo Vincennes A Chicago. Tiie consolidation of the " Big Four " and
" Bee Line " roads was perfected on Monday, Julv 1, Judge
Burke's ajiplication in the Circuit Court for an injunction
4«6,»73
38»,S"3
1831'>
Mcrcliiiudlse
21
press dispatch from Con"Tlie conference between the Boston
& Maine and Concord
officials for an amicable adjustment of
their differences was continued to-day with an excellent prospect of an early settlement. The more important points now
assented to by the parties are said to be: The passage by the
Legislature without opposition by the Concord Road of the
Huntington bill in a new draft: the withdrawal of the suit in
equity of Frank Jones against the directors of the Concord and
the Boston Concord
Montreal Railroad; the withdrawal of
opposition by the Maine to the consolidation of the Concord and
Montreal roads: the withdrawal from the courts of the suits of
&
—
East Tennessee- Atlantic
Danville & East Tennessee
organized at Danville, Va.,
York, is President. Books
the city of Danville will be
& Danville.—The
Company was recently
and Gen. Thomas Ewing. of New
Railroad
of subscription will l)e opened and
asked to vote §150.000 to the road,
which
is expected to run from Danville to the Tennessee line.
Tlie Atlantic
Danville Railroad, of which Gen. Ewing is
also President, will be a large stockholder in the Danville
&
&
East Tennessee, which
is
really the western extension of that
line.
—
Eastern (Mass.). Tlie Boston Journal says that the trustees
have exhausted their funds for buying certificates of indebtedness, and will not make further purchases tiU payments for the
&
year ending September, 1890, are made.
Englisli "Steamship Subsidies." The N. Y. Evening Post
" We have received
the Manchester & Lawrence Railroad against the Concord, and recently had the following article:
their amicable settlement by the parties: a traffic arrangement several letters inquiring what sums the British Government is
for the transportation of Boston & Maine passenger and paying in the way of "steamship subsidies." In order to furfreight business over tlie Concord Road, betweon Concord and nish a correct answer the Evening Post addressed a letter to
Manchester, on terras favorable to the Conco.-d Road, and that the Treasury of the United Kingdom requesting information
the bUl for the pm-chase of the Concord Railroad bj* Austin ujx)n this point. We have received an answer under date June 5,
Corbin and associates wiU not be introduced into the Legisla- 1889, from which it appears that the total cost of carrying the
ture."
foreign mails of the United Kingdom, which is called in offiBuiTalo Rocliester & Pittsltnrg'. This companv had listed cial parlance the Post Office packet service, is £498,764, or
The detaih are as follows:
last week on the New York Stock Exchange $458,000 addi- about $2,500,000.
tional general mortgage 5 per cent bonds, which have been
Tear.
EL-ROPE,
1388-89.
issued as follows: §108,000 to retire equipment bonds paid up
Doverand
Calais
*13.200
to May 1, 1889, and S3.-)0,000 to pay for the following: §100,000,
4,500
cost of capital stock of branch line from Lincoln Park to Dover and Ostend
Charlotte, N. Y., about 10 miles; $24.5.413 for dock property
Total for conveyance of malls, Europe
£17,700
—
—
at Buff'alo, N. Y., and $30,000 for additional terminal property
at Rochester, N. Y. total, $37.5.413. These bonds are issued
under the same mortgage as the $1,.580,000 general mortgage
5 per cent bonds, making the total amount listed to date
:
$2,044,000.
&
Lake Erie
R.
& Cleveland—Mad
R.—Twenty-seven bonds numbered
:
8. 5S. 03, 91, 9S, 134, ln2, 2.52, 293, 323,
366, 3S8, 4.t1, 489, 513,
579, 594, 632, 633, 646, 67H, 687, 722, 829, 853, 962, 985,
have been drawn, and will be paid on August 1, 1889, at the
National Revere Bank, Boston, at which date interest will
cease.
Mt. Vernon, Ind.— In our advertising columns wiU be found
the numbers of bonds due 1890, 1895 and 1900 that have been
called for payment.
Interest ceases Oct. 1.
Chesapeake
—The
United Kingdom and West Indies
Be'lze aid New Orleans
1,600
4,000
11,500
1,100
5,500
3,500
,
presented lor that purpose.
Chesapeake
Llverpoid to fallao
Liveriiool to West Indies and Mexico
Souiliamptnn to Brazil and River Plate
Panama
to Va'itaraiso
£202.7.50
Deduct estimated amout of penalties
60
Total for conveyance of mall?, America
£202,700
AFRICA.
United Kinsrdoni and west coast of Africa........
United Kingdom and 8t. He eua and Ascension.
£9,500
4,474
& Ohio Railway Co.—Richmond & Alleghany.
coupons due July 1 1889. on purchase money funding
bonds of the Ches. & Ohio Railway Co. are paid at the
office of Messrs. Drexel, Morgan &Co. 23 WaU St., New York.
Interest will also be paid at the same time on Drexel, Morgan
6 Co.'s reorganization certificates for old first and second
mortgage bonds of the Richmond & Alleghany Railroad Co. at
the rate of $10 on each receipt for 81.000 first mortgage Iwnd
and $2 .50 on each receijit for $1,000 second mortgage bond
(according to the plan), such payments when made to be indorsed upon the reorganization certificates, which must be
& Ohio Canal.—The Chesapeake & Ohio Cana
& Atiititic— At
Indianapolis. June 39, Receiver
Malott filed a statement of the debts of this comtjanv bevond
the bonded indebtedness, as follows
To a car triist. $423.058 to employes, $43,748 to the Chicago
Western Indiana Road, net, $73,789 Brooks Locomotive Works, $61,025.
:
;
;
;
Deduct estimated amount
£13,974
50
of penalties.
Total for conveyance of mails, Africa...
INDIA, CHINA AND ACSTRALIA.
Between Brindisi and Bombay (via Suez Canal) calling at]
&
£13,924
Aden
[
£265,0C0
Borweeen Bri'idisi and Shanghai (via Suez Canal) cilling at
Aden, Col()ml)o, Penanx, Sin^a|»<)re and Hong Kou^. ..... j
Between Brindisi and Adelaide and between Naples and Adelaide (via Suez Caual)
170,000
/
£l3.5.oro
Decuct estimated amount of penalties
Company, with the approval of the board of public works
(Blaryland), will issue $300,000 of repair bonds to provide the
necessary funds to repair the canal and to put it in good navigable order. These bonds will run for twentv years, will bear
interest at the rate of 6 per cent, and will be secm-ed by a
mortgage of the tolls and revenues of the company.
Cliicazo
£35.000
300
90,250
New York and Bermuda.
Newfoundland
Called Bonds.— Cincinnati S.wtousky
River
AMERICA.
United Kingdom to United States
Total for oouvoyauce of malN, India, China an
200
I
Australia..
£ 134,800
RKCAPITCLATIOX.
Europe
America
.
Africa
Asia and Australia
/vM« repaid by Coloniet
13.924
434,800
£6b9,124
—
dies
£22,360
East Indies
Australia
75,000-
West
I
£17,700
203,700
03.(!00
160,360
Net payment by the Imperial Government for foreign Post
Otllce packet service
£198,764
iHE CHRONICLK
ri
lines nre
That these pavmente to steamship
•'
'-"••' .v
Bervires rendeitMl
amUt«Kt-
li.Ks
..
bimply for
like the payments U> railway
mails U made plain by two
.U-
I
the service are advertisea,
Tlie lowest bid is
nationality of the
„.
~
Ajtain, the British postal service, foreiRn
€;},(H)fl,0OO, the
,.1,U a net revenue of alxmt
;,
...
r-< .Kui.iHHl and the ex|>eiiditures about
t.k'Kraph service is included in
i
the
ir, .111 which are about equal to
tl,,
of the
llie [nrnt ollice i-s a business deimrtment
expeusoi.
Oovernment. of which the foreiKn (Micket service is a branch,
on the same terms and conditions
o,,
thinKof the character of a susidy.
„^
itself in the
ltu.i..i^u,...-.. >„„, ,,., i,.uiK'n service pays for
Certainlv the Euroix-an and American
collecteil.
brrachea more than i>ay their wav. Possibly the East Indian
service uiav show a loss: but if so, it is analagous to our far
Western sernce. where distances are great, expenses heavy,
•
•
•
and receipts small."
Hud.Hou Sn»|ieuHion Bridge & New England R.R.—The
annual meeting of this company was held a short time since.
Oen. Serrell. the Chief Engineer and President, states that the
company are in easv linaiu'ial condition. The title has been
taken for TO .icres at Fort Clinton, the Western terminus of the
briilgi', and the financial arrangements made with the West
Shore R'v for the removal of their tracks to permit of the building of the pier on that side of the river. The stone pi-r on
the east side is completed. Work on the Bull Hill tunnel is in
h. the
fa.-..-,
,r
tit
• not ri^tnited U. liritish lines.
^ Mriiiblv
without re^rd to the
„
',,
1
the Manhattan Beach Railroad, the Long Island RailBrooklyn (Electric) Railroad and
road, the Jamaica
Brooklyn & Rockawav Beach (Canarsie) Railroad.
the
The Fulton Street route, as a'bove described, was opened for
public traffic on the entire route about December 5, 1888,
Equipment includes 30 locomotives, 80 first-class passenger
Capital stock, as at present
cars, 6 flat and 2 service cars.
but
issued, is $1,000,000, in 10,000 shares of §100 each
issue has been authorized at the rate of §500,000 per mile of
double track completed and equipped.
„
,
The officers of the company are the foUo^vlng: President,
James Jourdan; Vice-President, Wendell Goodwin; Treasurer.
James H. Frothingham; .Secretary, Henry J. Robmson. Directors: James Jourdan, Edward A. Abbott, Wendell Goodwin, Henry J. Robinson, James O. Sheldon, S. Newton Smith,
William A. Reed, Harvey Farrington and Henry J. Davison.
&
;
.
(IKNEHAL B.VLASCE 8IIKET
poMMS
progress.
Texas Cenlral.— It is now the Intention to issue
The delay has been occasecurities in Octolier next.
sioned bv the desiie to have taken some general State legislative action before the formation of the new company. This
hai been done, and the company will now be organized, after
which sixty days must ela|>se before the bonds may be issued.
&
Houston
tlie
—
:
Iiitcriialional
«
(Jreat
Northern.— The Supreme Court
at
the International & Great Northern receivership case in fas'or of Messrs. Bonner and Eddy, who
were appointed at Tyler last February. Under a statute of
Texas, enacted in 1887, all actions for the appointment of receivers for corjKirations are required to be brought in the
county »\here the princi|jal office of the corporation is located,
and as the principal office of the I. & G. N. Co. is located in
Palestine County. Judge Williams appointed Mr. John R.
He^rno. of Palestine, receiver of the road on April 30. Mr.
lleanu' nlitaiiied a .iudgment against Messrs. Bonner and Eddy
for the i>iis.>ie>-ion of the road.
On appeal from this judi^ment
the Supreine Court holds that the statute conferred a tiiere
privilijje iin the coriKinition which could be waived, and was
no s.»iise mandatory. Judge Williams held that the statute
was ba-seil «n reasons of public policy and was mandatory.
Austin has
ilecideil
,
m
Kansas
H
—A contract
has been let and
on 50 miles of this load. The
has been surveyed from Lake Charles north to ShreveI'ity
work begun
Watkiii»
Onlf.
at St. Charles, La.,
line
port. La.. 180 miles.
—A
Kansas City Wyandotte & Norlliwcstprn.
dispatch from
Lincoln. Nebraska, datetl July 2d, states that a certificate was
lilc.l
with the Secretary of Slate setting out the consolidation of the Kansas City Wyandotte
Northwestern and the
&
Leavenworth & Olatlie railroads. They will, when completed,
form a continuoiLs line from OLithe, Kan., to Beatrice, Neb.
Tlie filing of this certificate indicates that the road will at once
pu.sh to completion the Nebraska p<jrtion of the route, u|)on
wliiih work litis ju.st commenced. The capital is fixed at
§:!. .'"iii.ooo.
Tire officers, among others, are W. D. Bethell. of
Muiiiphis Newman Erb, Kirk K. Armour, of Kansas City, and
E. Sumiiierlield. of Lawrence. The road may be in the interest
of the Karisivs ( 'ity
Memphis road.
full statement of the
affairs of this company for the New York Stock Exchange
was [lublished in the last issue of the CHRONICLE.
:
A
&
—
Elevated. Tliis railway company had
the New York St<x;k Exchange its
first niortgak'"- > i>er cent gold Ijonds, series "A," of §1,000
each, anioiiiiling to $3,377,000, Nos. 1 to 3,377 ii.'dusive.
Tlie KinL:.s County Elevatol liail wav Company was organized
January <1, 1879. under the jirovisions of Ch.apter 606 of the
Laws of 1S7.'5 of the State of New York. The^rincipal route of
tlie company and the only route which has lieen constructed, or
which the coiuf>any is at the present time empowered to conHtruct, extends iifion Fulton Street, in the c.ty of Brooklyn,
fr
the East River at the Fulton Ferry to the former city
line between the city of Bnwklyn and the town of New Lots,
with connection at or near Sands Street with the New York &
Brooklyn Bridge. At the eastern extrei^itvof the Hne it joins
with the line of the Fulton Elevated Railway Comyiany, thus
securiiijj: an extension through the present Twentv-sixth ward
of the city of Brooklyn to the present city line at the village
of
Woodliaven,
and
the
direct
connections
with
KiniTM
listcfl
last
I'onnljr
week
,
at
MARCH
..
31, 1889.
Cost Of road and cauipment
*^'^Sq'SM
Cash onlianrt
.?!
fi'ana
la.sua
.,1
Materials and supplies
Sundry open accouut«
i?6,464,459
Total
C^^^'Z
*^,000,000
Flist niortKaKC bonds
iiio;t){a}{e bondu
Interest on (list mortgage
hecoud
,'iiJ.'y}ir.
1,.')09,000
bonds, due and acciued.
Voucliers audited
4;^,012
47,125
463,583
,vv""';"
•
loans anil bills payable (second mortgage bonds ooUatoral)
Sundry open accounts
ProUt and
700
--
24,037
lo.ss
.$6,464,4f.9
Total
EABNINOS AND EXPENSES FOR THE SIX MONTHS ENDING MAFCH 31, AND
MONTH OF
new
Indianapolis Decatur & Western.— Owing to the large
falling off of earnings since the first of April in Ueu of the
increase which was anticipated, the interest due on the first
7s April 1. and deferred, was not paid on the first of July,
the companv not wi-shiiig to Iximnv money for the purpose.
For the vear ending March 31, 1889, earnings &c., were
as follows (iross. S4a5.!j30; exjwnses and taxes, $1.53,929; net,
$98,481 : inlert^t on debt, (including April 1, 1889, interest)
?13i,H:«): detkit. $38,.'i().').
XLIX
[Vol.
APKIL, 1889.
Six 11108. eniing
Meli. 3i,'89.
GroF.s earnings
Operating expenses
Net earnings from operation
Interest on flrst mortgage bonds, etc
Surplus
Month
of
Apr.. '89.
*330,H33
231,309
$61,160
$99,624
e6,184
$21,919
14,220
$33,439
$7,698
39,241
& Texas.—A
press dispatch from Sedalia,
Miss., says that Receivers Cross and Eddy, of the Missouri Kansas & Texas, have awarded a contract for building a Texas extension of seventeen miles, between Lancaster and Waxahachee, to J. P. Hughes, of Fort Worth. The work is to be
paid out of the earnings of the Missouri Kansas & Texas lines.
It is an extension of the fifteen miles built by the receivers
between Dallas and Lancaster last fall, which was also paid
for out of the road's earnings.
Texas Railroad
The receivers of the Missouri Kansas
make official announcement that on and after July 8 they will
operate the Kansas City & Pacific Railroad from Paola to Parsons as a part of the Missouri Kansas & Texas, they having
leased the line, and that tbey have also made a trackage
arrangement with the Kansas City Fort Scott & Memphis
road, whereby all their trains will hereafter run direct into
Kansas City. This is a new line about 125 miles in length.
Missouri Kansas
—
&
—Exception has been taken to some of
the remarks in the
of last week, as tending to convey the impression
that the consol. sevens cover the whole line as a first mortgage. It was not intended to convey such an impression, and
the holders of the general fives and sixes make it as their principal claim that their mortgage is a first lien on some 850 miles
of road in Texas, which they consider the best iiart of the
system. The facts must be looked at precisely as they stand,
and while the consols were issued a long time prior to the
other bonds, their security will depend mainly upon the earnings of the road which they cover. The relative merits of the
two divisions for earnings will have to be determined by experts from the separate accounts to be kept under orders of the
Court, and in determining this question the capacity of each
division for net earnings, in case the other division were detached, will be an imiwrtant subject for consideration,
Chronicle
—
"It is
Maryland Central. A report from Baltimore says
evident that a deal in which one or more of the trunk Unes is
interested is being made. The company is backed strongly from
some direction, and within the last week or two §500,000 of
the new 5 per cent bonds have been received from the Mercantile Trust Company and nej^otiated.
It is supposed that a
traffic contract between the Baltimore
Ohio and the Maryland Central has been made.
:
&
—
New York Lake Eric & Western. The Erie Railroad is
making surveys for a line from Forest City, Lackawanna
County, where the company's coal mines are located across
Wayne County, to Middle Valley, on tlie Erie's Wyoming
ijranch.
At present the coal mined at Forest City is shipped
north over the Jefferson branch to the main line, but by conabout twenty-five miles of road to the Wyoming
branch the distance to market can be shortened by about sixtyfive miles.
The line, as surveyed, runs due east from Forest
City through Griswold's Gap of the Moosic Mountains to
Middle Valley.
New York City.—Tlie annual tax levy presented to the Board
of Aldermen this week showed a net increase in the assessed
valuation of real estate and personal property of §50,396,682.
The total real and personal valuation is §1,603,839,113. There
has teen a large increase in the value of real estate in all wards
of the city except ui the twenty-fourth ward, where the desti-ucting
crease
is
$772,041.
The
relative valuation of real estate in the
1
July
.
IHE <,HR0NICLK
18i-9.|
6.
1
'2\
shares who were parties to that
1889, together with thecomparative holders of the original 50,000
several wardB for 1888 and
agreement. Judge O'Gorman reserved his decision on ao
years,
is as follows
those
for
estate
value of personal
application for a preliminary injunction.
^SssiK.td Yaluulioti ot Heal FkI-iiIc.-,
IrtcrettHf.
18S9.
1K8S.
Sun .Vntonio * .Vraiisas Puss.— Tlie Ijiredo Board of Trade,
WardK.
$511,725
»S1, 235.638
»!S0,Tii3.iH3
from President Lott of the Saa
1
S5,058,II85
564 32 liaving received a i)ro|Kj8ition
34,4!I4,553
2
Araiifla.s Pass Railroad to extend the road from
39,2f)0,797
371.167 Antonio
3P,«7i),S30
3
13,(iSl.753
117.208 Kenedy Junction to I.,aredo, a distance of 135 miles, promptly
13,5«4,545
4
539.503
47,242.952
46,'0S.44!I
accepted the same. The money boniLs re<juired was enthusias5
257.7.'-i9
25,117,100
24,sr)i>.:i41
6
18.22ri.667
422.150 tically stibscribed at the meeting, and a committee ap|>ointed
17,R04,.517
7
25 1 .73.5 to secure right of way into the city. Tlie preUminary survey
39.61 7.0 r8
3P,t(iS,3(l3
8
552,107
30.074,780
30,tli2,073
lino was completed last month.
9
22H,1H5 of this
11^.841,-^32
18.61 ,647
General Manager Yoakum promises to have the Aransaa
10
17,709,lh7
249.131
17.4n!>,756
11
It tra11.781, .'.(i3 Pass trains running into Laredo by the first of March.
188,17l,S-60
176,390,397
12
38.i.l23 verses the famous Nueces valley, whicli for healthful climate
11,457,279
11,072,156
18
25,395, '.'92
172,372
2.'i,2'i2,^>20
not be excelled on the American con14
693,175 and productive soil can
57,784.830
57,091 ,655
15
3»,a01.450
755, 3H5 tinent. -The Aransas Pasn Railway will connect at Laredo with
38,746.065
....
16
289,500 the Mexican National Railroad.
35,276,908
34,987,10fS
17
1.562.077
80,717,200
79,ir)5,123
18
Wahii-ili- Wabash Westuni.— Jarnj^ F. Joy, Thomas H.
221,
400
i',543,5.10
-.3
1,
218,687,860
1»
48,04.5')0
723.7^0 Hubbard, O. V. Ashley and Edgar T. Welles, constituting the
47,:!H0,770
20
521,721
91,211.100
90,716.379
purchasing committee, have issued the following circular, which
21
126,-.33,07O
4,341,670
122,191,400
" The Wabash Western Railway ComSo
1,692,145 IS dated N. Y., July 1
25. 8H 1,26
24,199,116
oS
to assume the control and manage-',04
authorized
77
hereby
Dec.
is
13,315,362
pany
Il,0s7,603
zt'.'.'.'.'.'.'.'.'.'.'..ment of the Wabash railway lines east of the Missi-ssippi,
!)S29,53 1 ,453
«1,331,.57?,291
i?l,302Tn«379
recently in charge of General John McNultii. receiver, and
Totals
Personal Estate.
which this day have been turned over to the undersigned by
InrreasG.
1889.
1888.
ifl8,091,')45 order of the United States Circuit Court, entered June 18,
1"',
KesMent
120,754 1889."
V.Jid.o,.)
*''t'973
9,859,821
Non-rcsi'Iont... ^^'I'^kl-f^l
On or alxjut July 29 the formal reorganization will be effect3,423,471
67,997,946
64,575.1.0
Banks
ed, and the title of the accounts will be changed to conform
with the new corporate name, which will be the " Wabash
*31,637.270 Railroad Company."'
^272,260,822
'^EMSr''"'"*250,6^3.552
The track to be owned and operated by the reorganized
Total real and p6,8onal eaUte for 1888
^Mos'sio
tlS
1,603, 8J.>,113
Total real autl pcrsoual estate forl889
company is as follows
:
.
1
&
->
:
.
:
*.50,3H6,682
1839
For other corporations than banks the changes were as
follows
, „„„
Increase.
1889.
1«88.
$342,875
*2,136,935
if 1,794,060
Insurance co'a.
3,295,361
5,690,499
2,3. »5. 138
Trust co's
283,376
29.273,090
Ran™aSco-s;:;
il-skHtS
8,70.- ,678
increase
m
:
40,228,768
48,934,416
1-olai:L':?I'"'*'"*73.691.')56
*86,J18.346
Mlscell. coV....
Oreifoii
*12,G27,290
Railway & Navigation.—The Oregon Railway
Navigation
Company
directors, at their
&
annual meeting, held
President, Edmund
at Portland, elected the following officers:
Smith. Philadelphia; First Vice-President, W. S. Ladd, Portland Second Vice-President, W. H. Holcomb, Omaha Secre:
Theodore "Wyant, Portland Assistant Secretary, Prosper
W," Smith, New York.
Pennsylvania RR.— The right to subscribe to the new Penn-
tary,
;
sylvania stock allotment has expired, and it is officially
taken.
stated that nearly the entire $6,000,000 offered has been
Phila»lelpliia\!(! Heading.— It is reported that the Reatling
Railroad Company has decided to postpone the intended effort
to refund its §9,364.000 6 per cent outstanding improvement
mortgage bonds. About ?4,000,000 of them are redeemable at
par on Oct.
Milet.
Toledo to E«8t 8f. Louis
Decatur to CHinp Point
Camt) P(dnt toQiicicy, .joint with the C. B.
Blullsto East Ilannibal
Maysvllle,
U
f^'n
& Q.
R.
„?'f
21'&
R
*f*
HittstUld
j|
Clayton to Elvaston
;
Ertwanlsville l^» Edwardsville Crossing
Elvaston to fiast Keokuk, Jointly with Toledo Peoria & ^V est.
Chicago to Ellin.i;Uani and Altauiout
Streator to Fairliurg
Fatrburg to Forest, .ioiutly with Toledo Peoria & W est ru
Total mileage turned over by receiver
The
lines
M
iit
8»
•>!>
SfV
^J'l
"'4
948-2
Nulla
comprising the Wabash Western are
:
113-5
Detroit toBuiler
Butler to Logansport
Altli-a to Ciivingiou
"j O
14'»
rv;
Chamiiaign to Sidney
V-'
i?
6 4
LoganKport to Ca niers. jointly with Tei re Haute & In llanii polls
Laketowu Junction to Chicago, .jointly with Chicago &. Atlantic. 122-|
St. Louis to Kansas City
, V f
}1'1
St. Louis Lcvec to Ferguson
Glasgow toS.alisbury
Centnilla to Columbia
Mobeily to Ottiiuiwa
Brunswick to Pattonsburg
;;,•••
Albiaio Des Moines
Ottumwa to Harvey, jointlywlththeLh'cagoKocklsland&Pao.
'^k'^
'9 '7
5,5
37-a
1-950-
-
Total
15 'O
,.,}'n
W
1.
„•„•
Wisconsin Central Company.-In the application of this
—The Reading Iron Works have been bought by Mr. ilham company
(not the Wisconsin Central Railroad) to the NewReading
Philadelphia
&
P. Bard, a Reading lawyer, for the
Exchange for listing its stock and bonds, the folYork
Stock
the
assiuuhig
purchaser
the
Coal & Iron Company for §150,.i00,
conditions of the trust on certificates for stock la
lowing
mortgage and liens of $610,000.
quoted:
" Flrpt— Said trustee.^, their survivors, survivor, succcssur.s ai d siioRio Grande Western.— The Denver & Rio Grande Western
trust receipt.'i. in addition to the right of excliange into a new
11,000 Ixmd and §600 of preferred stock of the new company,
carry 6 per cent interest on the old bonds and n per cent on
the $195 coupon certificates from March 1 to May 1, from
which date interest will be paid at 4 per cent to Jufy 1. The
new bonds begin to bear interest July 1, but as the final pajrment on the recent sale is not due until Dec. 2d it is uncertam
when the new bonds will be exchanged for the trust receipts.
Shepaiig LilehHeld k Northern.- It is stated that a syudicate has purchased a controlling interest in the Shepaug LitchThe price paid is reported to be
field & Northern Railroad.
$350,000, being 70 per cent of the par value. It is supposed
that this move will bring the line under the control of the
Consolidated Road, and will take away its traffic from the
Housatonic.
St. Paul & Northern Pacific— Mr. Geo H. Adams, a stockholder of the St. Paul & Northern Pacific Railway, brought
suit in the New York Superior Court to restrain the company
from issuing beneficial certificates for and from paying dividends upon the 5,000 shares of new stock which were authorNorthern
ized last February. In January, 1885 the St. Paul
Pacific Company, the holders of its $5,000,000 of stock, the
Northern Pacific Railroad Company and the Farmers' Loan
Trust Company entered into an agreement whereby, after
the St. Paul Company had been lea.sed for 999 years to the
Northern Pacific, certificates of beneficial interest in the St.
Paul stock were to be deposited with the Farmers' Loan and
Trust Company and all sulxseiiuent dividends paid to the holders of record of such certificates.
By the resolution of Feb. 26 the extra issue was stated to be
for construction purposes, the new shares to be offered to the
holders of the old stock at par. each to have a pro rata share,
and the quotas not subscribed for to be offered to the public
generally. Mr. Adams maintains that the proposed additional
issue is not authorized bv the agreement of 1885, and would
be in violation of its teriiis. and that tl\e rental received by the
St. Paul is under the agreement distributable only among tlie
&
&
ces or, shall hold said share?', with full power to M'. from time to imc,
each anl evtry vacancy in their own number, upon tie .joint nomination of the surviving trustees, approved in writing l)v the holders of a
ui:iioi'ity of the stoi k in said company covered by said tiusieen' certltlEach new trustee shall, from and
eates. biitli common and preferred
after the tlliig of such nomination, s» approved. In the oHIce of ihe
Fannei s' Loan & Ti u- 1 Coiniiany, be as fully vested with said trust aa
It he was one of the original trustees above named.
"Second— Said trustees aiove r amed, their survivors, survivor, suecePSors and successor, shull vote on said sliares. f-T all purposes whatsoever, upon every (luestion raised at each and every meeting of said
company, whether annual or special, as the majority of them shall tH
their discreiiiui Horn linio to time determiiic. Said shaies ure transferable only upon sunender of tlii.i certittcate by a convej'acce in writing,
signed V the person atnive named, or his attorney thereunto lawfully
aulhofTzed, and recorded iu the trustees' books iherefor by the Farmers'
Loan &T, list (' mipany if the City of New York, and every pertou
accepting any tiansfrr hereof declares, by so doing, that he receives
said shares *ui ject to said trus'. 1 his criiltcute is not valid until
siiined by any two of said trustees and registered by the Farmero' I..oan
'
& Trust Company."
The Wisconsin Central Company was organized June 17,
under the general laws of Wisconsin, for the purpose of
acquiring possession, ownership and control of the various
1887,
corporations in the Wisconsin Central system. On May 15,
1889, the books showed: Fu-st mortgage bonds. $13,000,000;
income bonds, $9,000,000; preferred stock, $3,000,000; commoa
stock, $12,000,000.
Total, $36,000,000.
The company has acquired by exjienditure of securities, aa
before stated, the following properties and securities, viz.;
1»( Morlgage
Income Prrt'erred
Common
Bonds
Bondrt,
Sfl640,000
Wisconsin A Minnesota
Minn. St. Cri'i.v & Wis .. if-2,371,000
Chip. Falls & Western
110.000
St. Paul & 81 Croix Falls
Wis. Cent.' R.
R
i if,'
Penokce
i'^.ti'^nn
\
1,334,<00
Packwaukce & Moniello.
Shfh-.
St' ck.
.1io40.00f>
$810,000
832,000
160,000
36,000
8,28.\60a
728,000 1,248,C 00
84,0„O
—
54,000
1,800,000
5(0,000
500,000
70,000
1
,500,000
65,000
9,399,500 1, 56S,OOOf 1,21-2 ,000 $11,688,600
Together with sundry notes, scrij) and other floating obligations of these companies, amounting to $725,188 57.
Total
S
.-f
,
.
.
.
[Vol. XLIX.
THE CHEONiCLH
24
Fkiday. p. M.. July 5, 1889.
as indicated by our telegrams
from the South to-night, is given below. For the week eiidrng
reached 2,477 bales,
this evening the total receipts have
The Movement of the Crop,
COMMERCIAL EPITOME.
Friday Nioht, July
5, 1869.
the previojw
1,961 bales last week and 3,301 bales
week- making the total receipts since the 1st of bept., 1888,
HKainst
been
of the y. ar transactions have
scaie and not
reduced
somewhat
a
on
rule
conducted as a
gilimate trade but the
onW U this the case in the circles of I.
generally without notebeen
have
markets
gpei:ulat,ve
rather violent oscillawo:t*y f.aturce if we except some
to-day by
accompanied
options
coffee
of
prices
the
tions in
The
denied.
however
were
which
some disquieting rumors,
seems to have improved
country
this
in
crops
the
for
outloi^k
favorable.
and the general business situation is
statement of stocks of leading articles of
Asuiual at
fme
tl.U
The following
the same period of
5 490,138 bales, against 5,44! ,909 bales for
of 48.239 bales.
1887-8, showing an increase since Sept. 1, 1888.
Toliiii-co,
'.'
**^*'
dome»tlo
Savannali
Brunsw'k, &0.
Charleston
Port Eoj-al.&c
CuBie. Klo
Cotli'e. oIluT
CXilTiw, Java,
Dales.
bags.
Dags.
AO
BngiuBu(t»r
.i>,S92
hhds.
«.;07
None.
r^'^
Buenr
hb""-
MrliMlo...
Mulaurs. foreign
Molaun, domeetlo
1.423
BMln
*
J"
ojJJ*.
Kanlla hemp
bWa. and
.
;
ou
I
,tju
i
.<-«
,o<3
37
56
31
2
31
258
95
649
73
9411
1,477
71
19
649
Totals this week
9421
ami
120
49
671
we give the following table showing the week's
the total since September
compared with
1.
and the stock
1888,
last year.
Stock.
1887-88.
188S-S9.
Tills
uly 5.
I
Galveston...
El raso,«Sic.
Sew Orleans.
Mobile
1
Lard has been declinin,s in sympathy with Western luarwhere the r.ceipts of hogs have latterly been increasing. To day the market was depressed, with sales of 200 tcs.
with
at 6-20c. for prime city and 6-7oc. for prime Western,
refined for the Continent quoted at 6-50@7-30c. The specu-
TliU
We^k.
Since Sep.
1,1888.
Week.
63
671,81i:
15!
23,069
.since Sep.
1.
2,024:1,743,088
18,706
1,363
43,413
4,120
1,105
2.866
187
746
6
30O
1,066
833
7,990
31ol
e!
13'i,099
Wilmington
Wash'tn,&c
lation in Uird options has been fairly active.
DAILY CLOSniO PBICES OF LABD FUTUBES.
56
Norfolk...
West Point.
NwptN.,&c
Bttturd'y. MonWy.TitetfTy.Wedn'sify. ThurtcCy. Friday*
6-:5
678
6-83
fi S3
July (lellverT...
6-76
6-91
6.81
6-92
AUK. delivery. ..c. 691
&.i.
6-3
6-98
6-8S
701
Bepi. delivery., .c. 703
6-99
683
6S9
703
0.7 03
Oct. delivery
31
New York.
258
93
649
73
Boston
Baltimore.
PUil'del'a,
rather weak, though withhave been firm but quiet.
720
..
&c
117
6
89
383,541
15,642
151,939
4,369
484,776
410,959
130,496
531
674
267
10
530
838
49
129,!I61
103,499
66,220
51,199
204,312
24,311
866,828
75,716
418,554
16,392
167,925
4,932
485,166
403,661
114,873
94.014
92.80
48,098
26,54t
147,556
3,000
1,893
5,294
6,410'5,441,909
2,477 5,490,133
Totals.
1888.
1,297
I
Charleston ..
P. Royal, Ac
1887.
633
j
Savannah. ..
Bruns.jAc.
kets,
1889.
654,685
239
1,026 1.676,181
209,244
31
27,010
156 812.703
Florida
.
Pork has been dull and latterly
out quotable change. Cut meats
Beef remains dull and nominal.
Tallow
fair d. mand and steady.
Butter ha» df dined to 12@17>^c.
12
1
71
•)
Ni.iic.
None.
156
14
Beceipls to
8,2(0
None.
10.300
15 ,000
ir.2,B75
12
PhiladelpU'a.&o
to-night,
1,363
31
4
5
total receipts,
160.-^7S
6
12
Boston
Baltimore
53.3.55
836
264
»JS8
4
'""i
257
55,1-iO
Ji',000
124.600
Nine.
bales.
hales.
sacks.
6
....
New York
For comparison
9.4'-5
35.7&0
3,4(0
None.
1,026
122
6
24,800
1.052
Kh*,' E.' iV.V.V..'.".'."."..'.'.'.'.' hugs.
l'*''^''Klor, duuie»llo
!>««»
LlMecd
oOKt.
8alli*tre
bales.
JuM butts
Bteal taviup
•
1
•*
blrtu tiui>euUiie
.2
:
L
"
?**
•>»<;»•
Flour
'o
3.is;o
t>l'l»
Hide.
Cetlon
wo
Koiie.
'!.'!'!*•
177
N'wp'tN's,&c.
5.733
'.
*'"«??,,'^!-
17
West Point...
46,0(il»
None.
3V,668
None.
15
47
9
Kortollc
424.H73
131. 12»
77.
63-
Wasb'gton, &e
35.306
68,ln5
mate.
Total.
|
11
Wilmington
I.
22,64<i
50.' 04
3.l',4t»7
J'*!'**'
Tolmct-o. foreign
July
Frl.
1
11
15
Florida
5,4(*5
6.773
IH.Sie
3«.114
bbU.
Pork
Lanl
1.
rAi<r».
202
4
583
Mobile
1888.
1889.
July 1.
1880.
Wed.
Tues.
!
46
Gftlveston
El Paso, Ac...
.New Orleans...
merchandise at dates given.
June
ifori.
Sal.
Beceipl* at-
a
is
OT TON.
C
yite tfoinmErnal lime»<
180,870;
1,963
161,710
6.000
6,680
9,555
247.412
Beef hams have been in
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
is quiet but firm at 4'4C.
for creamery. Cheese has
1884.
1886.
1885.
1887.
1889.
1888.
Receipts at-^
fallen to 7''4(a^;'ic. for State factory, full cream.
414
43
50
87
fair
car);0'S,
239
lo^^c.
lor
but
78
toGalv'ston,
&c
fell
to
Coffee on the spot
570
4,541
448
2,024
526
1,020
day was firmer t 16c. for that grade, though the transactions Sew Orleans
321
310
14
410
29
31
have b« en small all ihe week. The speculation in options at Mobile
51
99
720
47
1,534
156
times has been active with sharp fluctuatio s, at one lime de- Savannah. ..
162
12
123
1,669
60
157
clining materially in sympathy with falling prices at Havre. Charl'st'n,&o
26
12
89
9
There » as a rally to-day which left the closing pr ce« 10 loints Wilm'gt'n,&c
below thoue of a week ago. The closing asking prices were as Norfolk...
531
273
549
61
530
56
follows
941
W't Point, ic
31
133
934
5
5
I
.
:
13-noc. JanuHry
l-lc.
All others.
1,075
1,433
68
2,614
2,158
4,654
Fehniiiry
13-95o
November
14c.
13-95C. March
December
14-0.3c.
Tot.thisweek
2,477
6,410
1,261
12,694
2,862
6,454
Raw siicar has been gent rally quiet, but to-day was rather Since Sept. 1. 5490,138 5441,90»l5194,-203 5273,3974719,543 4794.874
7i^c.
for
fair
refining
at
closed
strong
Musmore active a> d
The exports for the week ending this evening reach a total
oavado xnlsl^c. for96d^ge^8 t-st centifuaal. Refined sugars
have been firm at 9f8C for standard crushed. Molasses has of 16,017 bales, of which 11,754 were to Great Britain,
been firm at Z\%c. for 50 detjrets test. The tea sale on to France and 4,263 to the rest of the Continent. Below are
the exports for the week, and since Sept. 1, 1888.
We'nf sdny went off at ste-<dy prices.
Kentucky tobacco has been steady with moderate transactWttk Bnilinu July S.
Frim Sepl.l, 18«8. t« July 5, 18S».
Exported toExported to—
Seed
ions, the sales r> aching 3lt0 hhdg.. mostly for export.
Export*
sales have embraced 2.56 cases
leaf has been quiet l.ui fi m
Great
Conti-l Total
Qreat
Oonti/rom—
Toua.
200 cases Pennsylvania
WpKcoiisin Havana 1888 at 8((l10c.
Brtfn. France neiit. Week. Britain. France nent.
Havanna on private terms ana cases New England seed leaf Galvestoo.
205.73U 21076
87.627 314.448
90 cases W'scnnsin Havana 1^86 at TOc.
11^88 at 17^(<i'2iic.
7llci,'i;4 2-6.251
3 676
7,481
New Orleans.. 4,808
4-J6,970 1.463,495
July
Angust
13-600
1
. l:< 70o.
BfpieiEber....l3-90c.
October
I
.
|
I
:
:
;
—
;
;
;
H
l(i3 ca.ses St te
vatia at 12^4'.^
100 C"8es do. do. at llj^c.
100 cases
!4c. ; 100 CHses Pennsylvania seed leaf at 10c.
sundries nt .">d3r»c. 4.'iO bales Havana at 68@|1 10 and 3'25
bales Sumatra ?.i ^\ 50(3,2 00.
On the Met;il Kxchanvte the transactions have been light.
Tin has furth' r declined to lOSOc. for Ktr.ignts on the spot,
and 19-70c for September. Ingot copper ha-< been to a great
Lake for July has l,)een quo ed at 11 -7.5c.,
extent nominal
and goiHl merchantable for July at 9-3.5c. Lead has been
easier at Ic. for July. Interior iron markets have been quiet
but firm. Spirits turpentine has advam-ed to 'il%(diZ'']4c.
with fair sah-s. Kosiu is quiet and unehang^d. Refined petroleum hiis advanced to 7'20c. Crude certifi'-ates cloje at
Wool has been in good demand and firm, .^jg^
9\}i<S9Vi<i.
;
;
:
;
Mobile
>*HVanoah
Brunswick
50,488
323,879
88,315
257.98*
100,747
262,S74
183,494
97.787
50.4Uf.
...
Cuarleaton
Wilmington...
Norfolk
West Point.
Nwpt, Nws. Ac.
l.li>8
1.196
287
ghl
6,0«1
1,2d1
40.'
soe
6i
60-
8,'
Bultlmore
Total
44.1I0U
5,3.'>-i
229.858
3S.051
1T7.H51
18.083
218.922
22.665
171.093
12.381
87,737
6«B.2il
227
43.1)8i
259,594 1,001.795
58,970
Vi6l
135. \ 14
Phlladelp'a.tc
T-^tM> 1Q.J-.CQ
11.942
M,I33 25,710
.
>ew Vork
82.4711
2,860
4B.i)08
11,754
•ti >'-^u'
4.1!fl3)
-n
'
'^
.
-
Oii^
^
- o
c.«
230 009
195.24)
69,119
13.211
1«,017 2 K57.3?J0 XUQ
.-'.in
3 64^
57.779
....
1
373 370
..-.lo^i'
i
fvmnai
1
no^
I
8
.
July
6,
a,
.
THE CHRONICLR
1889. J
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
We
add similar figures for New York
at the ports named.
which are prejiared for our special use bj' Messrs. Carey, Yale
Lambert, 34 Beaver Street.
26
The Sales and Prices of Fctukes
shown by the
are
&
July
Leaeinp
at—
5,
OtKer
France. Foreign
Great
Itrilain,
New
Orleans...
l.-t71
Mobile
.
;
None.
None.
None.
None.
None.
Cliarliwton ....
8a van [lull
GalvoHtoii
Norfolk
I
New York
I
'
5,288
,M7
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
2,400
500
S.'iOO
2.^0
3,000
None.
[
Other ports
J
Shipboard, not cleared—for
Oil
'
Ooatt-
Ktock.
Toiul.
vtue.
5^2
None.
None.
None.
7,300
None.
None.
50
153
200
50
153
200
ll.:il)7
l,3<i3
!
3.;
187
l.O.JS
St=-i3
(;:t3
.
1
None.
None.
ICH.-iO
13().7o(i
8,500
li,!)S7
£;
;
I
e
oxM»
«e
480
tjoina
C5.-2.
ce
Bft.U'S.
&-53
Total 1889...
12,(i74
Total 1888...
Total 1887...
23,811
!
5,538
3,417
700
10.008
10.930
i
None.
11.21(1
403
\
22,062
!
36,179
24.178
1.(100
I
2.032
:
i
Ct'-'
=.ia«
'---•- =
[S"
IS^
22.5.o:a
I
I
@:
I
I
I
99
00
w
<
o
cjic^i
•'
— li —
a * i 99x9 r^S^
a <1X »1 c*- «
CO
0-1
'
o
V p- >
^y:
Ordinary
Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middllnc
Strict
lib.
8'4
....
....
....
....
8i-.,«!
Strict T,ow Middling..
Middlins
Good
Midcllinic
Strict
Good Middling.
Middling Fair
Fair.
Wed Tb.
Tnes
ITIon
8^
8''i8
8%
j
9\
9'>i« 9%
lO'a
10-,« Il0i,«
ICie 105^ 10il,« 1011,8
1013,elO'» ,1015,^ 1015,B
11
!111,« llig
liig
ll^a :11",8 11=8 Ill'-'S
11% llusigiiTa 117g
12:< e I214
12.,6 125,8
121s,r127r 12 5,„ 12i5,«
9=8
101,8
I
s?:
l£-tw
s.":
I
I
*'.'>:
My
IOC COCO coco coco
PCOC
.
*-•
CO
WW
it-ii
1
_,
-
eo
©."
99
<
COM
"•
ei^
1
I
99
CO
<
£
Kl
—
s.-:
005
CJiO
1;
99
006
I
>
99
ocob
oco
<
2
"I
t£iK
I
n:r
I
99S9
00 O X
CO 5 99
o 6x
ests
-1
o
-N)
to-i
"^
c
I
(0
c:
0000 c
»c wi
99
QC X
ax
cxo
sr
00
tc
I
66
c
6)J
si;
W^
go
tw
tocpo tstsoo toopo
6-0*6 tia^-j:
60*6
_co M _o
OS
50 o
-JC ca
I
I
I
I
^^
10;,8
10ii]g
1015,8
Ills
11=8
SI
CO
CO
Mm
(SO
tso
^-)-'
s>.f^:
XX
J-
er
6 -' X X X © x
O O XX X
.-
00
S
000 cooo
oo
w ro
1;*
00
8%
81-',6
9%
83s
I
^
QOCi
©X
FrI.
I
0*1 CJi
s.-':
I
cooo occo occo cc=c
ffi=i©a ci-a dd*vi
O I'SW to CO x
CO
CO
—
I
99
!^
CM-.-1
ciiffi^cji
—
Mat.
l-l
t;i
tOi
9,322 bales, including 3,073 for export, 7,149 for consumirtion,
for si)eculation, and
in transit. Of the above
bales
wei-e to arrive. The following are the official quotations for
each day of the past week June 29 to July 5.
UPLANDS.
«i)
_0! tj
exportei-s.
—
I
2
osoc
0101^
forward delivery for the week are 303,100
For immediate delivery the total sales foot up tins week
—
16::
:
I
total sales for
bales.
ill
211,233
'
—
which are most desired by
_
"yt-i-.^
»*,"3
---"
158,808
The speculation in cotton for future delivery at this market
has been light, and the fluctuations as a rule have been within
comparatively narrow limits.
This crop o])tions have
declined, owing to " long" selliug, while the general tendency
of the next crop months has been slightly upward. On Monday there was an advance of two to four points, owing to a rise
at Liverpool and some disposition to regard the rainfall at the
South as rather excessive. On Tuesdaj-, however, there was
a decline of two to four points in the options for this
crop, largely owing to liberal selling of August on Southern
orders, though there was a rally later, and next crop options
advanced slightly. On Wednesday there was an early advance,
due to a rise in Liverpool, but heavy Southern selling caused a
reaction, which left this crop four to five points lower at the
close, while next crop months receded only one to two
points.
Thursday was a holiday ^Independence Day. Friday
there was an early advance of six to seven points in response
to a rise of 3-64d. at Liverpool, but at the advance a renewal of
'• long "
li(iuidation of August set in, the selling, it is underderstood, being for Southern account. The early advance was
lost, and a modnrate decline followed.
Clearing weather at
the South contributed in a measure to the depression. Cotton
on the spot has been in good demand at an advance of igC.
closing at lligC. for middling uplands. The business has been
mainly for home consumption, owing to the scarcity of the
The
ca
ff'jcic:?
5-
better grades,
follow-
ing comprehensive table:
$
i
00
CO
11 '8
CO
60
I5
2
5
2
CC
5
<io
2
CO
mO
n
e<
M 9 ^^^ ,^^^iyu
M % ^M
cope O CO
COCO
0,00
-6
oo'-o _ CA A~'^A
0:0c
cc
a
V
! MM
125,6
1215,8
1
S'.^:
'
i
:
MMC.TM
:
I
I
GULF.
M
Ordinary
Strict Ordinary
Good Ordinary
lb.
Low
Good (Ordinary
-Middling
Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Fair
9
.
^
\
8=8
9>ie
10
8=8
91,8
10
w
jio'ie
<s
'1015,
23
iil'.i
11%
12',8
131,8
s.».
nion Tnea
Wed Th.
81 le
819
8%
Ordinary
Low Middling
lilt's
911,8
lOls
81-^16
8>4
8'8
9%
9"i«
11
w
Ill^^s
12
12%
I
'
1129,8
'13
'18
IS'IJ
',8
8I4
8^8
Holi-
9i',(i
day.
I
<
O
'^
<
'^
99
cc
tco
:
I
pc
o
w,v—
I
8I4
S's
^
9i-'l8
I
'
IS)
,.:
I
o^
*.
*;
*i
:
^ 00
^^
2
tto
5
lOSg
10=8
99
MM
:
I
FrI.
1
:
I
i-i.-.wM
M..1
" CCtO
w
MO 21
^
SI
S)
MMOiM MMli^M ^^t^^
000c
9999 COCO
M.ic^ ,i^O|j.
01
(S.wt5ic—
CO
c^
CO
.0
2 •i'-'
M
MO 2^
IS):
s)
M"-JM MM*.M
COCO pcoc e o c o
mmS^
u
«o X
00
11%
121s
1
10^,8 10=8
T^
X
I
00
•I
10
11>4
lb.
Middling
loV
I
10',8
1015,0
ll<.8
12
.
915i„
107,8
1015,8
ll'lB
11-.18 11^8
Iii5,f ll's
l^'li il2l8
124 Il2»,«
13i« !133,«
11%
Good Ordinary
(!l(>od
%'•"•,,
,
IPr..
858
i»l8
lUli uie
STAINED.
Strict
H^.
Si*,
9^8
lO-hs
1013,8
Strict
Strict
Tues Wed Th.
'lou
»»i.
MM
00
toio
2
c.
"^
w
^1
o cc
I
m'
*4
c^
yi
99
IfM
a)
MMMM
M — COM M
"
COCO
OCCO
59 995
?
r^O A hikiC
Ofs MIO =
s
1
KARKET AND SALES.
:
I
S)
I
I
I
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same davs.
li
I
CC
-J
"
OF SPOT AND TKAS8IT.
gAl.K»
SPOT M.iRKET
CLOSKD.
Export.
Oon-
aper-^ Tra>i-\ _ , ,
Total.
\iiui»p.\ul'l'n\ tit.
I
I
^
FCTCK ES.
lytiv
Sales.
eriet.
I
Firm
Mou. Finn
Sat.
.
®
1,,
adv.
Tuo». Steady at'iaadv
1,321
3,679
5,003
18,500
100
881
405
981
465
23,70(1
Ucd. Finn
1.017
...
Holi day.
Tliur.
I'rl.
. .
Total
1,617
35,100
51,000
and firm.
649
2,073
507
7,149i
...
1,15(1
73,80r
9,22'.'i202,10t
The dally dellverlea given above are actually delivered
previous to tha: on wludi tlicy are roported.
tlwi
January, for January, 1,650,5(X); September-February, for February,
881,300; Scptcmbcr-Mareh, lor March, 1,944.800; Septem bcr-Aprib
for April, 1,257,800; September-May, for May, 1.5!i5,100.
We have included in the above table, and shull continue each
week to give, the average price of futures each day for each month. It
will bo found under each day following the abbreviation " Aver.'" The
average for each month for the week is also given at bottom of table.
Transferable Orders— Saturda.v, 1055c.; Monda.v, lO'OOc: Tuesday,
c; Friday, lOoOc.
lO-OOc.; Wednesday, lO-55c.: Thursday,
The following exchanges have been made during the week:
-60 pd. to exch. I'JO Oct. lor Aug.
j; ven K.o July b. n. 8d for reguli r.
•OB lid. to esch 100 Jan. for Aug.
X^
.
|(^ulct
luclndes sales in Pepteinbcr. 1888, for .Sppteniber, IGS.SOO ; geptem
ber-October, for October, 394.100; September-November, for November^
585,500; September-December, for December, 980,400: September,
•
day
1
|
.
.
•
[Vol. XL)X.
THE CHRONICLE.
*^6
that the old interior stocks have
3,204 bales, and are to-night 28 983
the same period last year. The receipts at
'
„„Kia\
Th« above totals show
,'n'^t"P«^{vell
cte^a^edduring the week
TUK \islBLE SUPPLY OF CoTTON to-niffht.
f
Continental «t«cks as « ell l!
.
II
'
T''"
=^
sreu.rus
afloat are this week
brouglU dc^^^^^
are
.iKurc^
Euro,x.an
the
^.,r-.m*',u..M.l.v all
But to nmko /'^ .^^'^/J'l^^te From
to Tln.r..la.v .v.-ning
m. "^^ the U«m
fig„r«, for U>-Uight (Julv 5).
rriaay
it the ext»rt8 ot
^ ^.^
the Unit«l Statte, including
1 me.
1887,
1888.
IHHB.
»« '"""«"•
'»
an7\!.Wnii.l'-
?h.^fo^c;reat Britain and the
|
ot^^rmro
m
)!rKala stock.
T.
8Ux>>
Stock
ck
ck
ck
ck
19,000
612.000
16,000
780,000
28,000
649.000
31,000
709,000
2,400
38,600
17,000
628,000
4,000
40,700
12,000
808,000
4,600
670,000
7l?-»,000
bales
Mookkl Livt-niool
Moekai Umdon
him.
'tm..
34,000
200
600
1,200
138,000
3,000
61.000
7,000
8,000
220.000
3,000
44,000
6,000
12,000
1.300
153,000
7,000
64,000
19,000
11,000
«U>ok »t TriesW
25.000
100,000
5,000
71,000
13,000
lO."""
TotiUCoutlneutal .tocks
282^ _274J00 J80^ ^27^00
Mock
...
•1
iilli'.it
..
iiullKiitfiirKiiroiM!.
ftl,<KH)
f.irirr'po
16.000
180.870
14.303
.\,
,.;illl
431
Satnr.
afloat fur
AmericaD
rnli«l
!*tal.»
Europe ...
Europe
AC. afloat...
for
t
izll.
1
dc—
925 ,694
999.980 1,071,558 1,200,873
267,000
15,000
120.300
98,000
16,000
178,000
21,000
97,100
223,000
4,000
252,000
28,000
149,100
209,000
35,000
161,000
16.000
116,700
97.000
16,000
Augusta..
Memphis
Louis....
Cluclnnati .
.
Louls\-Ule,
10
,tc.
a4,000 bales.
9
Week
10%
lOia
10^8
10%
11
Fri.
10'8
lO'g
10%
10%
10 la
lOlSg
10^8
io'8
;
10%
10%
10%
11
11
11
1
11%
11%
10%
11%
11%
10%
K
IO1I18
1011,6
101118
1011)6
10'»l«
11
11
11
11
11
i
Ills'* 14
11%
11%
10%
lOUia
1011,6
11
11
11
11
Thurt.
'
lO'a
lOTg
10%
lll8*'4
^ *4
1 1 *8
Stceivte at
£iKHngMwriT."....
Ef
lll4»%
"
U
'•
1887.
"7,699
22.556
21..
.
88
July 5
1887.
1889.
.
1888.
11
lll4»%
11%
11%
10%
10m.
1,909
5,129
5
3,8)1
45,253i 65,08!
ii.il-i
1,523,
l,t6l
41,902
52.65'1
18 449
248
38,253
45,990
16,059
2.177
6.*1(.
1889.
1,838
15.02'i
1,281
1888.
81,708
26,093
2 304' u^aas
3.688,
1887.
;
46,093i 83.079
16,818
1
1889.
2,844] 12.156
51.813 107.442
61,639, 92,949
19.B2i
Towm. Bec'pU trom PUmfnt.
38,413,
7,890
6,710
6.188
8,541'
"
St'k at Interior
Ou PorU.
1888.
4.032;
6.94V
j
87
.
2,69!
....
J
84
total receipts from
are 5,490,819 bales;
tlie plantations since September 1, 1888.
1887-88 were .5,464,049 bales: in 1886-87 were .5,184,396 bales.
The above statement shows: 1.—That the
2
m
receipts at the outiwrts the past
—That, although the
week
2.477 bales, the actual movement from plantations was
only 84 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
bales and for 1887 they were
for the .same week were
^^
^,
u.
alxjve figures indicate an increase in the cotton in sight
date
same
the
with
to-night of :«.314 bales as compared
with the
of lw8, a decrease of 302,664 bales as compared
coiTCsponding (lute of 1887 and a decrease of 281,984 bales as
.
.
10%
lOVa
lO'e
Wednes,
Receipts From the Plantations.—The following table
indicates the actual movement each week from the plantations.
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
finally reaches the market through the outports.
c.
',
lO's
lO's
I
week have been were
into Continental ports this
The imports
..
I
Tua.
lO'a
lO's
10>2
lo'e
1011,9
101 lis
...
Hon.
10%
11%
11%
10%
..
St.
5»,bd.
5'8d.
lOi'ieC.
'
Baltimore...
Philadelphia
1
5»i,d.
I
'•
Boston
406.700 673.100 523,100
999,980 1.071,558 1,200,878
6i8d.
ll'ac.
. . .
Wilininfcton.'
1,441.994 1,406,680 1,744.658 1,723,978
Total visible supply
'Price Mid. llpl.. Liverpool...
»«.»....
New \ork.
am. Vpl..
I l.i...'r«
Price Mid.
-
lO's
Orleuns
Charleston.
471,000
230,000
118.000
307,633
68.682
5.563
ISO'SiS
l*'7SY
431
516.300
925,694
Total BUist India, &o
Total American
10''e
New
Savannali
223,000
118,000
4,000
307.633
68.682
5,563
98,000
247,412
43,376
2,192
f Vg2x
^lotk
ITnitcd .-itaus lutorior stocks.
"Onlted States exports to-day.
Total American
tall liiiliaii, nraiil,
fjverpool Rtofk
I.omlun stock
d stocks
1.58,000
l?r'5iXX
Galveston...
MobUe
097.10(1
528,000
231,000
33,000
249,312
27,337
2,909
451,000
517,000
bales
1887-88.
CtOSIKG QU0T.\T10>9 FOR .MIDDLING COTTON ON
CT
Liverpool »tock
•Contliieiiial stocks
,^^^
^^^ MIDDLING COTTO.V AT OTHER M.^RKETS,^^vj^u
of middling
^^^^^ ^^^^ ^^ ^.^^ ^^^^ ^^^^.^^^ quotations
markets for each
cotton at Southern and other principal cotton
day of the past week:
1.723.978
.. 1.441,904 1.406.680 1,744,658
TMiil visible supply
as f oUows:
of Ameri<;an aiid other descriptions are
Of the »i>ve the
^
m
^^^
^j^^
^^^^ ^,^^_^
^^^1^^
^.^^^ ^^^^
^^^^ ^^^ ^^^^
are 63.937 bales more than for the same time
Norfolk
902.700 1.18H.100
97,000 209.000
33,000
98.000
35,000
16.000
247,412 248,312
37,337
43.376
2.909
2.192
1,081.300
98,000
forEiiroi>c.
Ola) ICiir»iiM-an Httwks..
It
than
i
the^«ame to^^n^^^
4,000
40,200
27,000
S.MOO
300
700
300
S^leZ
oaiesjess
The
bales.
AMOUNT of Cotton in Sight July .5.— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to July 1, and also the
compared with 1886.
movement that is the receipts
THE Interior Towns tlie movement—
AT
-i"*^"
^
^'-~
_ ii-1.
i ^i^^r. C^.^i^f.rv.V.Ai. 1
flio cliinynpnts for the
takings by Southern spinners to the same date so as to give
for the week, and since September 1, the shipments
.v^.«^ for
->,- the
same items
-jx^^ o«,...v.
and the
KJ-IUJ^llt, au^^
stocks to-mght,
substantially the amount of cotton now in sight,
me nMJ\;il»
and the
week, UUU
WeeK,
detail in the
/-..rrcii^nflinc jicriod
iwriod of 1887-88
1887-88— is set out in detaU
TZZ
corres|)onding
1885-86.
—
j
•
•
—
—
;
following statement
SC.2^5- BjS'OB
3
"i
=S^2"
o
S^?
18S6-S7.
|
JulTs M90,138 5,441,909 5,194,203 5,273,397
lulerior stoeki* on July
excess of September 1
^5 "
1887-88.
1888-89.
!
Receipts at the ports to
5 in
'
I
681,
-J.;,l60
s»,>so-/
61,811
from plantat'us 5,490,8195,464,069 5.184,396 5,335,208
783,062 816,558
889,934 969,771
Vet overland to July 1
SoutSconsumpt-utoJuIyl 455,000 420,000 378,000 300,000
Tot. receipts
'
Sip;
:
;
Sffr§p;
i
Total in sight July 5
f;
fc:
;6,835,753i6,853,840 6,345,458|6,451 ,766
^J u^vT'':^°°.'.'.'.'.'"''!°.^^'^1.695,118'l,714.392i.56^^
a>e3
Decrease from September 1.
be seen by the above that the decrease in amount in sight
the Increase as
to-niKht, as compared with last year, is 18.087 bales,
compared with 1886-87 is 490.295 bales and the Increase over I880-86
Is 383,987 bales.
*
;
SSSi
iW
= w *i w — -c
5
X
M — -1
w-»
^(
<>f^
•.•./»! (!•
/^
,-r,
-1 Vn
Ji. r
.'
f '^ /". a:- »,"i -ii rit
Ti
^
MS
Weather Reports by Telegraph.—Telegraphic advices
from the South to-night indicate that in a number of districts
in Texas and elsewhere the rainfall has been excessive and that
iu Northern Texas some crops have been submerged by the
00*
to
oQo
,k>0
It will
Iff
:
K •JOOQD*
WW-
O*^
tOQD
<-« —
to
overflowing of the rivers. Otherwise the plant is developing
weU, but dry weather is desirable.
Galveston. Texas.— It has been showery on two liays of the
week, the rainfall reaching seventeen hundredtlis of an inch
Average thermometer 81, highest 87 and lowest 7-5. Eainfal
during the mouth of June four inches and fifty-two hun
Ssl
X uciD o -^ O o: AX ^ u CX-4i^twViX
fsSS
•
^*
-
00
/
I
-
-^
i«
\
,
*i *. *i »c li
;ji
'x
3:
X
;^'
-r c.
c
:-;
r;
^ o w - ^ c. ^
1
X
-.^
w — i :c *o Xw wu
;,'
O'
9
;si:
hundredths.
(t-
"ft-
.
K>(^
xxco.
s-5-5
*
-J-
-lOOO
dredths.
Palestine, Texas.— "We are having too much ram, preventing^
work, and the fields are getting very grassy. Otherwise no material damage has been done. The week's rainfall has been one
inch and forty hundredths, on five days. The thermometer has
averaged 79, the highest being 91 and the lowest 66. During
the month of June the rainfall reached six inches and fifty-five
S
We
,
have had showers on hve days of
Huntsville, Tcros,the week, the rainfall reaching one inch and sixty-four hundredths. Too much rain has fallen and crops are getting in
If we could have fair weather for a
the grass badly.
week everything would look better. Tlie thermometer has averaged 81 ."ranging from 73 to 90. Rainfall for the month of
June five inches and twenty -six hundredths.
Dallas. Te.i-as.—lt has ra iued tremendously on fl-\e days of
the week, the precipiiation reaching five iuche.-. All stream
have overflowed, and some bottom crops have been destroyed
<
Jdly
I
6,
THE CHRONICLE.
I8f9,l
27
Mobile, Alabama. — It has rained severely on two days of
ami railroad4 washed away. On the updamage has teen done except the stoppage "l the week, and has been showery on four days, the ramfall
work but dry weaiher is badly needed. The therinoineter has reaching four inches and eighty-six hundredths. Rain is
damage done. Crops are very promising.
ranged from 72 to 94, averaging 83. During the month of abundant but no
entirely at'd bridges
lands no great
June the
rainfall reached twelve
inches and sixty-one huii-
Snn inionio, Texas.—We have had hard rain on four days, the
and sixty-five hundredths. Tliere
has been an overflow and bridges have been washed away and
creek bottoms submerged, but otherwise no great dama;,'o has
resulted, and prospects are still very fine, except tliat weeds
and grass are getting an unfair start. Average thermometer
Rainfall for the month of June
80, highest 91 and lowest 69.
eight inches and twenty-four hundredths.
Lnlitig, rcras.— It has rained hard on three days of the
week. We are having entirely too much rain and unless it
ceases soon the fields wdl be smothered in grass and weeds, as
rainfall reaching four inches
Otiierwise
it rains all the time.
it is imjiossible to work when
the condition of the crop continues favorable. The thermometer has averaged 8."), the highest being 98 and the lowest ~i.
Rainfall during the week one inch and twenty-two hundredths
and for the month of June nine inches and ten hundredths.
,
,
.
Columbia, yeros.— Rain has fallen every day this week and
on one we had an overflow. The rainfall reached four inches
and seventy-eight hundredths. Altogether too much rain has
All work is stopped and grass Is taking the fields.
fallen.
The thermometer has averaged 83, ranging from 74 to 90.
The rainfall during the month of June reached eight inches.
Cuero, rea;tt.s.— There have been showers on three days of the
week—not needed but doing no great harm. The rainfall
Dry weather is
reached one inch and sixteen hundredths.
needed. The thermometer has ranged from 74 to 93, averaging
inches
and fiftyDuring the month of June, ramfall four
83.
one hundredths.
Brenliain, Tm^os. —Mud and water are everywhere. Streams
have overflowed, work is stopped, and grass is growing. The
week's rainfall has been two inches and fifty-two hmidredths
on four days. Average thermometer 81, highest 9.5 and lowest
Rainfall for the month of June nine inches and eighty-six
hundredtlis.
It has rained hard on four days of the week,
Beltoii. Texas.
73.
—
doing harm in every way and stopping all work. The rainfall
reached three inches and three hundredths. Dry weather is
much needed. The ihemiometer has averaged 81, the highest
being 94 and the lowest 68. During the month of June the
rainfall reached fifteen inches and ninety hundredths.
Weatherford, Texas. We have had hard rain on five days
of the week, the rainfall reaching four inches and sixty-seven
hundredths. Tlte I'ain was not wanted and did some harm,
but if we can have a few days of dry weather to catch up with
the grass, crops will be fairly promising. The thermometer
has averaged 76, ranging from 64 to 88. Rainfall for the
moth of June eleven inches and sixty -seven himdredths.
Neiv Orleans, Louisiana. It has rained on five days of t'le
week, the rainfall reaching three inches and four hundredths.
—
—
Average thermometer
71.
—
—
—
—
nine hundredths.
Savannah, Oeorgia. The weather has been cloudy, with rain
on each day of the week. The rainfall reached three inches
and forty-seven hundredths. The thermometer has averaged
77, the highest being 8.5 and the lowest 71.
have had heavy rain on four days of
Augusta, Oeorgia.
the week, doing much good. The rainfall reached three inches
and fifty-six hundredths. Accounts from the crop are highly
Field!-, with but few exceptions, are clear of grass,
favorable.
and the plant looks well and promising. Average thermometer
Rainfall for June four inches
80. highest 91 and lowest 70.
and two hundredths.
Charleston, South Carolina. Rain has fallen on six days of
the week, the rainfall reaching one inch and five hundredths.
"The thermometer has averaged 79, the highest being 87 and the
lowest 73.
Stateburg, South Carolina. It has rained on six days of the
week, the rainfall reaching two inches and thirty-six hunDry, we.''ther is needed. The thermometer has
dredths.
averaged 75, ranging from 70 to 85-6. Rainfall for the month
of June five inches and ten hundredths,
Columbia, South Carolina. June rainfall four inches and
two hundredths.
have had rain every day of the
Wilson, North Carolina.
week, the precipitation being seven inches and seventy-six
hundredths. The thermometer has ranged from 74 to 85,
—
—We
—
—
—
—We
averaging 78.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock July 4, 1889, and July 5, 1888.
I
Above low- water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
.Above low-water mark.
N'ew Orleans
Mcmiibis
Na»li\-ille
—
Shrevejort. Louisiani. Rainfall for the week one inch and
ninety-four hundredths. Average thermometer 77, highest 93,
lowest 70.
—
Columbus, Mississippi. The week's rainfall has been one
inch and forty-two hundredths. The thermometer has averaged 74, the highest being 92 and the lowest 60. During the
month of June the rainfall reached seven inches and eighteen
hundredths, on fourteen days.
Leland. Misisssi'^ui.— It has rained on four days of the week,
the rainfall reaching three inches and ninety-eight hundredths.
The thermometer has averaged 7o'4, ranging from 67 to 90.
Oreenville, Mississijwi. The weather has been unsettled,
and is still showery, tne rainfall for the week reaching thi'ee
inches. Rains have been too frequent, and crops are getting
grassy. The thermometer has ranged from 68 to 89, averaging
—
77.
The thermometer has averaged 79, ranging from 70 to 89.
Month's rainfall seven inches and eigthy-two hundredtlis.
Montgomery, Alabama. — Crops are doing well, notwithstanding recent rains, which cejised just in time. Tne outlook conRain has fallen on every day of the week
tinues favorable.
The
to the extei>t of four inches and sixteen hundredths.
thermometer has ranged from 70 to 90, averaging 80. Rainfall during June four inches and two hundredths.
Selma, Alabama. Telegram not received.
Aubuni, Alabama. Telegram not received.
Madison, hlorida. There have been light showers during
the week, the rainfall reaching one inch and five hundr<^ths.
The thermom(!ter has averaged 78, ranging from 69 to 90.
Columbus, Gecrjiia. Rjiin ha.s fallen on five days of the
week, to the extent of six inchc»s and thirty himdredths. The
thennometer has ranged from 7.'> to 90, avera^ng 85. During
the month of June the rainfall reached five mcnes and sixty-
Slirovcport
Vlcksburg
July
i, '89.
July
5, '(J8.
Feel.
Ineli.
Feel.
Tnfli
11
6
6
10
22
2
29
<)
4
9
3
9
4
8
19
29
15
34
Movement from all Ports. —The receipts
Bombay have been as follows for
week and year, bringing the figures down to July 4.
India Cotton
and shipments of cotton at
the
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEAR*
\ShipmenU
Year Orea'
1889!
1888
1887! 8,000
18861
Shipments sinet Jan.
IKit aeek.l
OontiHriVn. neni.
1
I
Total.
\
Great
ContiBiitain] nent.
14.000 4,000 349.000
15.000 .5.000 198,000
2,000 10,000 347,000
7.000 7,000 292,000
1
1.
Total.
Beceipta.
This
Week.
Since
Jan. 1.
802.000 1.151.000 17,000 ). 001.000
580.000 77H.0(K) 12,000 1,239,000
(!20,e00
967,000 15,000 1,407.000
(UO.OOO 902.000 12,0(K) 1,304,000
—
According to the foregoing, Bombay appears to show an
compared with last year in the week's receipts of
5,000 bales, and a decrease in shipments of 1,000 bales, and
the shipments since Jan. 1 show an increase of 373,000 bales,
•rhe movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for two
hundredths.
"Other ports" cover Ceylon,
Little Rock, Arkansas.— We had three rainy days the past years, has been as follows.
week, but the weather is now clear and pleasant. The rain- Tuticorin, Kurrachee and Coconada.
fall reache<l fifty-two hundredths of an inch.
Average ther-
Clarksdale, Mississippi. Telegram not received.
Vicksburg. Mississippi.
have had rain on four days of
the week, the rainfall reaching two inches and thirty hundredtlis.
The thermometer has averaged 87, the highest being
9.T and the lowest 79.
June rainfall, ten inches and seventy
— We
mometer
77,
highest 89 and lowest
—We
69.
Hcleiui. Arkansas.
have had sliowers on four days of
the week, the rainfall reaching one inch and forty-one
hundredths. Too much rain.
Average thermometer 77,
highest 86 and lovv'est 64. During the month of June the rainfall
increase
reached seven inches and seven hundredths, on twelve
days.
Shipments for
Oreal
Britiiin.
the we^k.
Conlinent.
Shipmtnis since January
Girut
Total.
Continent.
lirilitin.
1.
Total.
-
Calcutta
1889
1888
i',006
'.'.'.'.'.'.
i.ooo
28,000
27,000
41,000
63,000
09,001
90,000
7,000
7,000
2,000
2,000
9,000
9,000
47.000
32,000
Memphis, Ten wssee.— It has rained on four days of the week,
the rainfall reaching fifty-nine hundredths of an inch. Heavy
rains have fallen in the immediate sections. Crop accounts
conflict.
Good crops are reported in .some sections, but
generally the fields are g:-a.ssy and dry weather is desired.
Thermometer has ranged from 66 to 90, averaging 79. It
rained on twelve days during the month of June, and the
rainfall reached seven inches and thirty-nine hundredths.
Madras—
The thermometer ranged from
The above totals for the week show that the movement from
the ports other than Bombay is 1,500 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since Jan, 1, 18?9, and for the coiresiMnding periods
of the two previous years, are as follows:
5-5 to 93, anil averaged 73,
Nashville. Tenne.^see.— There has been rain on four days of
the week, the rainfall reaching sixty-five hundredths of an
inch. The thermometer has averaged 78, the highest being 89
and thelowe-t
68.
1889
1888
others—
1889
1888
All
boo
.'.'.'.'.'.
"hod
29,000;
18,000
18,000
14,000
i,m6
64,000
52,000
61,000'
79,000
1
Total all-
1889
1888
i'.Voo'
'.'.'.'.'.'.
'
125.000
131,000
—
.
because soma
it Is dilllciilt to arrive at the cact total,
iiiinufactnrers buy at the I'lace of production large quantities, holding
their opeiatlons strictly secret,"
per cent, hut
BXPOBTS TO BUBOPK r«OM ALL WPIA
thlpmenlt
mU Kuropt
t»
Boiubtr
AllulbvrporU.
ft.OOO
778,000
125,0001
1,500;
i:U,0(K>
lO.WK)
12,000
1. 270,000'
6.300
000,0(K)
22,000 l,i2J,000
4,000
Total
907,000
255,000
4,00tv l.lfil.OOOi
I
arrangeAlkxaxdwa KECKIPra AND SHIPMBNTS.-Throuch
Benaclu & C^. of
„w.t. «P Imve miult. with Mewre. Daviei,,
weekly cable of
Ijvrn«».l niul Alexm.dria,
we now
receive a
at Alexan.lrm, Egypt. The foUowing
past week and for the
are til.- r.Hvii.t» and shipments for the
eorres|«>uiling week of the previous two years.
.I.v....»-ut8
.
ctum
of
AUiandrUi. Ktwpl,
B<.>ocli>U (onn tar»^ .
. .
Tbls week
Since Bept.1.
tneek.
I.
LivrriMiol
225,000
TuCoutluunt
1,000 153,000
Sept.
w
1.
1.000 212,000
1,000 150,000|
Since
Seat. 1.
ek.
1,000 255,000
I
1X49,000
2,000 a92,OOo!' 1,0001404,000
1,000 380.000
Total Enrow
A I'liutar l9 US pounds.
'
•
2,912, 000
This
Since
This
Thit
To
1.000
2,000
2,894,000
2,705.000
yotek. \9ept.
1886-87.
1887-88.
1888-89.
Julii 3.
This statement shows that the receipts for the week ending
eantars and the shipments to all Europe
Julv 3 were
1,000
tMiles.
Maschester Market.
—Our report received by cable to-night
yarns
states that the market is firm f'>r both
and
anil shirtings, but that the demand for both home trade
give the prices for to-day below,
foreign markets is [xwr.
for
year
and leave those for previous weeks of this and last
from Mnndioster
We
comi>ari8on:
1888.
1889.
I
8>4 lbs.
Suirling».
32 < CopTwitL
d.
d.
M'y3l(7''8 »8a9
S3s
Jire7 7f9»S3s
• 14 73^
»8%
(3s
--"
«ns
-1^
"
"
s
J,.
d.
s.
51l's^7
-••-'-
5im!»7
5ll^u7
5 11 »7
sii i7
511
d,
OMi]
'»0>9l
Oig
1
Cod'n
'6«.
Mid.
d.
A.
!
d.
THjdSSU
SInrtinys.
aS^
5
5
6l,„ 17I3
«!ii» 75s
Qi'g !7«8
-as^s
5
fiig
i7»8
d.
s.
!7i3
"
(>1,«
6
I
»7
8 '4
I
I
8.
OotPn
Mid. 32« Oop.
TiHii.
Uytdt
®8i4 5
5
8.
71-2*7
7
®7
a7
8
•87
7
98»s 5 9
•»8'4
.
[Vol. XLIX.
THE CHRONICLE.
28
tlu
—
,
7
37
87
d.
1
Irjij/tl's
d.
5%
5"i«
EOYPTL4.N Cotton Crop,— From the report of the Alexandria General Produce Association, date May 31. we have the
foUowing on cotton:
The temperature in Reneral durinK May has been favorable for thp
trrowlnir crop; the plant.s arc fully developed and look well. The distribiillou of water continues ratlKfaclorv, cotton lauds are easil.v IrnKatfd
and in some pluces even by cravltution. As we have already stated,
this condition Is due to the liarraK'C and to the system of rotation established throu(.'hoiit the country; by these iiieans the water is mamtalued at a rclativelv hi>,'li level. As shown by the following table, the
(lettciencv of water at Cairo (Ms year i.s iusijaiiflc^nf as compared with
the previous llirce years, Iu spite of the large deflcieucy at Assouan,
The figures arc of date 29th May,
Assouan-.
Cairo,
—
,
,
Piee.
Kirnts.
8
8
8
16
1
14
14
1
1886
1887
1888
1889
Kirale.
rics.
13
22
14
1
14
5
8
(The pic contains 24 Mrats.)
It will be abserved that these flKures differ but little from those of our
last risuiiK', The deficiency at Cairo being .so small it is hoped that the
water at the Bai race will sutiice for the June retiiiiicinents. The niiestiou remains whether there will be sufflcient supplies In July, wlien,
owluK to the tn-eater heat, more water is requiiea for cotton, and further, there will be lar^e requirements for the inaize crops. This questiou deimuds upon the early or late rising of the > lie, A\c confirm our
previous estimate that the area sown with cotton is etiiial to that of 1 S88.
to have them
We await the ollicial flgures of the government aiulluipe
iu time for our r. suun' .at the end of June. Thus all our information
tends to show that the condition of the gi-owing crop is very satisfactory
up to this date. The well-grown jilauts have the advantage of bemig
better able to resist adverse circumstances, but it is impossible a.s yet to
appreciate what circumstances, either for good or evil, may arise. The
water question is still one that gives some anxiety,
Memphis District Cotton Report,— The regular monthly
crop report for the Memphis district, which embraces West
Tennessee and North Mississippi, North Arkansas and North
Alabama, was issued July 1 by Messrs, Hill, Fontaine & Co., of
Memphis, as follows
:
The weather during June was
in the
main
t
tvorable for cotton.
The
complaint is general oi too much ralu and crajis are badly iu the gra.ss.
Stands as a rule Hre very ii regular; ihc early is good, but late idantiug
of cotton was uflected by the drouth which prevailed duriug .'May, ana
the nsviU Is that fully oue-liiiU of the crop is late, gener«lly about two
weeks later than lasty ear. The imperfect sianils, taken togi tlier with the
lateness of the crop, and the untavorable w. ather that ju-evailed during
the moutli, makes the outlook anythingbut favorably fnrthe eoiton crop.
Tlie plaut Is report eil small, and bMCkw.ard iu Joruiing, while blO'ius are
very scarce. Of our 'iOZ coriesiiondents, 70 report lands planted iu cotton having been abauiloned owing to imiierfeet stands and coutinuous
The majiu'ity of these reports of slKinrtonid lani s come from
where the weatlier has buen most iiiifavoral>le, and crops are
the poorest eimditiun. Arkansas has the iuo.st favorable outlook, witli
Mississippi ranking second.
raius.
1
51.2
Teune.»see,
1
5I2
in
The Exports of Cotton from New York this week show a
JiTK WTTs, Bao(31NO, &c. Only a moderate trade is decrease compared vvitti last week, the total reaching 6,353
orders
hxrge
are
in
marfew
and
rei>orted in bagging
Below we give our
bales, aifainst 8,189 bales last week.
Prices are as last roiwrteil, and quotations are 8}^(ii usual table, showing the exports of cotton from New York,
ket.
lOi.c, as to quality. .Some inquiry is 'noted for jute butts and the dircciioa, for each of the last four weeks; also the
•with (Miles of papi r grades at V10£p4^., and bagging qualities total exports and dirtction sir;cc Sept. 1, 1838, and in the last
2'a2}ic.
Column the total for the same period of the previous year.
E.\POETS OF COITO-N (n\I.ES) FKOM XEW YOKK SINCE SEl'T 1, 1888.
Cotton Co.vsiTMPTiON and Overland Movement to July 1,
Below we present a synopsis of our overland movem- nt,
8amt
Weefc ending—
receipts, exports, spinnt-rs' takings, &c.. for the month of
Total
period
Exported to—
June and f' r the ten months of tbe season to Julv 1, for tUe
tincc previ'ut
June June Jine July
4.
\Sepl. 1,
year.
27.
13.
20
years lUbd S7, 1887-.8S and 1898-89:
—
—
I
i
1888-39
Jim
Gross overland for 10 months
Ket overland for June
Net overland fur 10 luuntUs
Port rcciliits In June
Port receliits iu 10 months
Exports In June
Exports til 10 months
Port stocks on June 30
Gro(woverluti(i for
Northern
n)
1886-37,
bales.
3,080
5»7
Liverpool...
Oiher British ports...
4,012
043
Total io Gt. Bkitais. 3,667 4,6t5
Total Feench
49013
(
48510l
Other ports.
HO
Total to No. Europe..
500;
1,173,
600
&c
1,178
3,4 = 5'
<SiC.
.
first
The Cotton Crop of Asiatic Russia.—The
Liverpool Post
of June 17 gave the following with regard to the cotton crop
in Asiatic Russia:
Theiatoat omiial rstlmatesKlvc the following figures as the outturn
or catton In the dislr cth uuii.ed, in poods of 3i. lbs.: Bucliura, 7.Mi.(i00
Kl.iv:,
,100, Tiipk. n.l. Ac., 20(VK)0, Erivan, 190,000,
Araericaii
IVrsmii fott'.n, 360,000. A total of 2,252,000 poods
or
of UH) Ihrt. eueh.
'"'"''.''" "'J'"
Aslntic cotton of American seed there
,
Is LO -ii.iii.
Ihls OMttou cau replace the l.lt:her arades of
Amerl"" ";">
"'"III'US savannah and at times
!'""I;T
«Un
"'r'aUo Orl;:!
Orlcaus.
ahc"r''
luireuse In production
since 1880 is estimated at 30
Nbw Tork.
/rom—
Lf ,
Orleans,
reiaj
jarannata
Mobile
yiorlda
Carol's.
So.Oarol'a.
•Jo,
««»
vttek.
353
47
88
1Z.S
yirKinla...
^orthn pta
.
•
,
""
40,670
13,023-
65,575
67 110,919 112,18*
339 223,114 190,7e3
7l,52.j
17,8?4' 16,629-
18,656
13,72S
952~30,480 30,35a
1.178
3.685
....
5,345
9,735'
8,189
6,352 1,001795 843,508.
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the pasti
.•
'
56,970
1,
1888.
bale of cotton of
the crop of 1HS9-90 reached Albany, Georgia, on Wednesday,
July 3. It was raised by Primus Jones, weighed 390 lbs., aiid
was shipped to New York.
Last year, and in 1887 as well, the first bale of new Georgia
cotton was received at Albany on July 5, and iu each instance
came from Mr. Jones' plantation.
".'
35»
39,86a
451
501
200
I
week, and since September
The First Bale op New Cotton.—Tlie
272
406
ia4
Grand total....
39,510
56,970
187
270
230
Total Spain,
[141,3ti6, 94,9t;&
.
5,061 685,231 582,51(>
25S,
834
244
!
8p'n,Op'to,Gibr'lt'r,
All other
cluded In net overland)
50.104
43,989
Burnt North and South In 10 months ...
5,628
8,515
Stock at North'n interior markets July 1.
4,774
2,02
Came In sigbt during June
32,994
70,993
Amoiintof orop In sight July 1
8,835,687 6,854,514
7,331
5,001543.865 487,545-
I
..
Hamburg
spinners' takints to July I. ..
Overland to Canada for 10 months (In-
707
...
Bremen,.,.,.
Bouthem
6,fi21|
1S7
Havre
Other French ports
spinners' takings to .Iiilj 1
AveraKC welKht of hales
i
renn.,Ao...
PurelRn....
Thl«;ear
Last year
.
26-1
PHlLADELPn'A BALTIMOEE.
Boston.
Since
TMt
Since
Sept.l.
vieek.
Sept, 1,
Thii
week.
Since
Sept.l.
Thit
week.
10,437
33S
66,87a
41,684
279
154,840
Sinct
8ept.l.
S24.»60
S6»,8i)7
S70,tll0
i
67,S8»
85
1,810
44,458
293,788
ZOO
10,'),.104
12,792
155,866
43,088
126,108
63
132,8S1
2.647
180
88
368
8.049
H.SHi
6S,61»
46.909
60(
860 1.544,013
1,5(9
800,007
218
105,194
l,4aPi,4nO
s,n37
r..S4
513
fl42
83.SHT
_^4
289.877
1.2,53
9S676ft
..
JPLT
6,
lliE
18S9.]
Total bain.
York—To
steamers Ailrlatio, 598
nSS ...CUy or liBi-lm, l,»-ll
9)8
per
Llrorpnnl,
Ariziiuii. (ilO ...Ani.tiilii,
(iuUia.
778 ...TlicCin
I'll.
To Breiuen, par sttMituei' Fa fl i,
To Aiitwe-p, p;rHti"a cier Noordl lud. 7
To Sti'tllii, per ateaiuor Aiinlrala. (10
To Barceloua, ne steamar tMlzlatlva, 431
To Genoi, per 8tPHin.r A.s.syrla. 501.....
'.i
...
5,061
272
•
-"'i
—
CHRONICLE
Shippiso News.— The exports of cotton from the United
States the paat week, as per latest mail return?, have reached
11,205 bales. So far as th" Southern ports are coicemeil. these
are the same exports reported by telegraph and publiihed in
the Chronicle la-t Fri.lay. With regard to New York we
include the manifests of all vessels cleared up to Thursflay.
Nsvr
—
..
7
60
451
29
WedBM., July
3.
Open'Bioh Low.
Clot.
4.
d.
4.
d.
Tkara.. Jnlf 4.
CUu
Open'BiQii Low.
d.
d.
0pm
i.
d.
July 3.
Vrl..
atth L»m. CiM.
4.
d.
d,
608
80^
8 07
8 07
8 07
606
608
d.
I
Sept.-i >ct
608
COS
6 01 604
603 802 603
6 02 6 0j 603
618 617 516
Oot.-NOT.
8 37
6 88
6 87
617
63S
XoT.-Dec.
535
536 535
5 8)
5 31
634
July
luiy-AuK..
AUVUBt....
AoK.-Sept.
d«ptdmber
6 03
6 03
8 01
Deo.-Jsn... 6 31
;
6 01
6 01
8 01
Hill
I
6 01
6 03
6 02
i
6 34
eci 6 01 8 01
JSOI 6 01 8 01
6 01 6 01 601 604
6 01
6 01
'
I
6 02
6 03
6 17
6 3S
6 35
6 35
6 36
6 03
6 03
6 17
6 17
6 35
6 36
636 |636
6 03
6 03
6 17
617
I
I
I
'
!
'
6 03
8 02
6 17
6 17
5 35
6 06
6 0S
eoi 601 804
• 01 6 01 804
6 18
B 38
6 38
S 86
'
1
6 l»
6 10
6 37
6 iM
6 48
580
6
•
•
6
0>
07
07
04
aot
64»
6.86
6 40
6 87
535
6M
81 '1
.............
»Ew
Oki-eans— To Liverpool, i.er steamer Les'slator, 3,160....
To HitniliurK, per steadier Kate, 1140
BOSTON— To I,lverpoo!, per steamer Opli:iloala, 1B4
To Yaiiiioutii. per steamer Yanuo Mil, 48
Baj.ti.moke— To L verpool, per sti-aiiier Tliauemore, 201
To Bremen, per eteaiuer MiiueUeu, 84-^
3,160
BREADSTUFF
310
l'>4
4b
201
S.
Friday. P. M.. July 5, 1889.
942
Ibere has been a rather better business in flour and meal,
11205 and prices have advanced, especially lor t'le better grades,
Total
the supply of which is moderate. There has been a larger
usual business tor the home trade and qui'e liberal iransactioris for
arranged
in
our
shipments,
of
these
The particulars
form, are as follows
the West Indies, while some sales have been made for English
Bremen Antmarkets. The better gr-.des of spring wheat Hour have
TarLiver- d: Ham- werp <t liarceshown the most firmness and the lower grades th-i least.
Total.
burii. Stettin, tona, Genoa. mtiulh.
poot.
6,3.^2
67
451
501
5,0iil
272
New York
The higlier prices Wf re largely attributable to the rrcent ad3,nOO
340
3,1(!0
N. Orleans
2.0 vance in wheat. To-day the market was fairly active and
46
164
Boston
1,143 firm.
201
912
Baltimore
Wheat has been less active on speculation, but several
46 11,205 factors at one time contributed to an advance in prices,
67
451
501
8,5^*0 1,551
Total
follows:
as
have
been
week
namely, hot and dry weather in Dakota, email d> liveries on
Cotton freights the past
July 1, a decrease of 1,100,000 bushels in the stock at LiverWedne». TkUTM.
tri.
Tuet.
pool during June, strong foreign market><, reports of damage
Uon,
Salur.
to the Rui-sian crop, and too much rain in the American
9.1
"81
»c4
»«i
I/i yerpool, steam d.
»C4
winter wheat belt. The July option has l<itterly been to
DovlaGl'ag'w.d.
....
a great extent neglected owing to fears of a corner,
l4®93j
l4®932
l4di932
^lS9,3
Hni'>3i
e.
Havre, steam
^ome contending that this month has been oversuld while
c.
....
Do sail
the stick of No. 3 red, the contract grade, 13 smaller
13,„
13, J
"32
"38
Bremen, steam .. e.
"33
than usual and ft r the most part not ofit red for sale. The
....
---.
Do via Leithrf.
.*>•
next crop optkns took a downwa d turn later in the
ISlS
"Sia
°1«
HambuTK, steare.c.
\6
^li
week, howevtr,-owing to raius in the Northwest, a large inDovlaLondon.d.
.--.
1
crease in the quantity on passage to Europe, increasing re4040*
40'
40*
4u*
Amst'd'm, steam. c.
?
ceipts at spring wheat markets in this country, and larger
a
....
....
Do via Loudou.d.
estimates of the total crop by "bear" specu'ators in Cuicago.
''32
^33
^32
^33
"33
Kdval, steam
d.
The export trade lias been quite moderate, partly owing
....
....
d.
....
Today
Do sail
to the firmness of the rates for ocean freight room.
Sis
B jkrcelona,steam d. Sl6
^fl
the market was irregular, July advanced le. owing to a de'is
5l8
I4
>4
Genoa, steam .. .d.
H
H
U.
mand from shorlB, but the later options were a shade lower,
'1
^4
Trteste. steam. .d.
H
H.
H
DAILT CIA^SIKO FBlCiUS OF RO. 2 SBD WIMTEK WHEAT.
»«4®'^32
Antwerp, steam 4. 9e«®5.,2 981 31*33 961®*32 9«4®'32
Sat.
Jf on. rue*.
Wed,
Fri.
T^urt.
8.S8
86 14
85 5i
8638
o.
SS'^a
• Per 100 lbs.
July delivery
85 14
8514
o. 8.^%
85%
i-4-S
AUfi^si delivery
85 14
8514
•a
0. f-6»8
85
85%
Liverpool. By cable from Liverpool we have the follow- SepUiinbi-r delivery
86I4
86»4
86:%
86
Oiiober
delivery
c.
H7'fl
ing statement of the week's sales, slocks, &c. at that port.
88 14
8814
87',
Decemiter di-liverj
c.
89%
»S^
92:14
o. 93=8
9 2 '8
92%
92 H
May, ISHO, elivery
June\i. June 21. June2i. July 5
Indian corn has been rather more active on speculation,
bales
21,000
41,000
fliklesof the week
46,000
61,000 but declined early in the week owing to liberal deliveries on
1,000
Subsequently prices rallied owing to a reduction
Of which exporters took
2,000
3,000
4,000 contracts.
1.000
-.4,000
1,000
2.000
Of which speculators took...
of the stock in Liverpo )1 and of the American visible supply,
6ales American
21,000
31,000
38.000
51.000
heavy rains in
Actual export
8.000
5,000
10,000
5,000 as well as light receipts here and at the West,
Forwarded
38.000
48,000
46,000
56.000 the corn belt, and covering by shorts, including receivers
860,000 84S,OO0 816,000 7S4.OO0 who had sold corn to anive for exp irt which did not arrive
Total alook- Estimated
Of which American — Estlm'd 5!19,000 582,000 557,000, 517.000 in time to e shipped by vessels on which exporters liad enTdtal Import of the week......
56.000
41, 000
24,0001
29.000
There has been a good business for forOf which American
22,000
22,000
17,000
9.000 gaKed freight room.
.
mount aUoat
109,000
75,000
O.'i.OOO
-..-,.
63,000
tign account, and latterly prices have advanced. To-day the
.oon
O' which American
27.000
IS.OOf
S.ono
2
.
market was slightly higher.
The tone of the Liverpool market for spots and futures eaou
DAILT CLOSIKO FRIOBS OF HO. 2 mJUtD OOIUI.
Bat.
Hon. Tue*.
Wed.
Thurt. .FVi.
day of the week ending July 5, and the daily closing prices
41'i8
42ia
42»8
42^1
c.
Julydelivery
41>s
of spot cotton, have been as follows:
4214
4214
4258
o.
Au)fU8t delivery
42'a
^>>
42!>a
42^8
4314
4319
September delivery
O- 43
^3 ii^a
""
rs^a
43\
43\
October
dt
livery
c.
43«i
43=a
Spot.
Saturday Monday. Tuetday. Wednu, TKurid'y. Friday.
Oats have advanced slightly owing to a decrease in the TisMarket,
Jet, I
More
ible supply, a small movement from the West and a good deUiirden'K
Qalet.
Harden'R Harden*^.
12:30 1: M. J
doing.
tendency. mand.
To-day prices were slightly lower.
DAILT CLOSINa PRICES OF NO. Z HLXBD OATS.
6I1
6i8
6I18
6I18
Mid.Upl'ds.
6>8
6^
Wed. Thuri.
Sat.
Hon.
rue*.
FrU
:
—
—
.
—
...
.
'
1
.
Sales
Spec.
5,000
& exp.
10,000
1,000
500
12,000
1,200
7,000
500
14.000
2,500
10,000
500
Future',
Market,
2:30 i>.M.
)
r. M.
Firm at
at
partially
l-«»ttdv.
partial] T
1-61 adv.
Steady.
Qnlat.
Quiet.
Steady.
Firm.
Quiet.
Qnlel.
5
Market,
4
steady
StMdr.
)
5
Firm.
The opening, highest, lowest and closing prir^es of futures at
Liverpool for each day are given below. Price.s are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
delivery
August delivery
Septeiuber delivery
October delivery
Ju'.y
e.
0.
c.
28I9
28 "a
2838
28=8
2HH
2S\
28:il
28:<i
28:14
28:<1
28 3e
28^8
283i
2-38
K
S
28!>s
28 °g
28 >«
28 \
0.
2SH
28^
a
31',
32
32
May, ibOO, delivery. ...c.
32
The following are the closing quotations :
FLOUR.
Fine
¥ bbl. $2 00a$2 65 .Southern com. extras. $3 25» 4 CO
SuperHne
2 403 3 00 Southern bakers' aud
Spring wheat extras. 2 75^ 3 45
family orauds
4 00» 5 25
Miiiu. clear ami stra't. 3 75 a
Uye Hour, superflue.. 2 70» 3 00
VViiiter8hipp'{jBXtra.s. 3 10 a 4 00
Flue
2 2o»2 50
Winter XX. audXX.K. 4 009 5 00 Corn meal
Pati'Uta
4 7ia 6 25
Western, &o
2 609 2 70
douiueru supers.
2 75® 3 10
Brandywlne
2 75«—
I
—
,
8al., J iine39.
Open High Low. aioi
d.
6 01
July.
July-Ang... 8 01
AlIKUSt
6 02
Auk'.-Sept.
September
ana
5 0.3
8ept..Oot... 5 11
Oct.-Vov. .. 5 3S
Not.- Dec... ft 33
Dec- Jan...
d.
d.
Alan.,
Open
i.
A.
BiQiL
IT
8 02
8
6
a
8
S
S
02
02
00
00
11
38
6 83
1
'
'
1
1
1
8
6
5
5
5
01
02
63
(13
11
5 35
5 33
July
0e2
Low.
1.
T« t)B., Jaly
Open Hish Low. ao»
(I.
d.
d.
d.
ft
6 02
6 02
6 03
8 00
8 02
8 02
6 03
6 01
8 01
6 03
6 03
6 03
6 03
6 03
603 6 03
8 02
6 02
8 0S
6 00
«rt0
6 01
6 01
6
8
6
8
B41
616
683
515 615 515 515
6.IT
5 34
6 36
5 31
....
533 533
533
5 38
634
533
8 03
6 01
6 01
5 37
5 34
5 31
6 00
5 38
5 31
ORAIK.
WheatClot.
8 02
6 03
6 00
6 00
02
03
CO
CO
a.
8
0.f
6 01
8 01
600
515 546
5 37
5 35
5 31
6 00
5 45
5 38
d.
603
5ia
5 37
.134
6 86
6 33
634
Spring, pet
ler bush.
Spriim Xo. 2
Red wiutdr No. 2
Red winter
c.
80
«1 00
9
Corn
Western white
Rye-
0.
46
»
a
It
»
0.
47
86is* 86%
Western
50
51
:S hn.
80 W 93
State and Jersey .. 52
53
82 9 92
Oiit» -.Mixed
28
30
White
33 * 39
Com - West'n mixed. 42 » i.i
25'%» 29i«
No. 2 mixed
Wesfn niix«i.No.2. 4214* 43i4
42^3* 43111
33'3» 33%
West, rn yello*
No. 2 white
The movement of breadstulfs to market is indicated in the
statement below, prepared by uj from the tigores of the Xeiv
York Produce Exchange. We first give the receipts at Western lake and riv« r port.'f, arranged so as to present the compartitive movement for the week ending June 29, 1839,
White
..
.
THE CHRONICLE.
30
SKripK ot-
/lour.
Sarl<v.
Oat*.
Oofw.
l^ruat.
M.4M
. .
8.S60
MUnakM.
lit-
WT.5IW
7.037
18.078
38.000
«7.»50
lO.OtO
JUaiiMpoll*.
4S.HS
SMiolt..
40.6M
13,M»
ll».HS'
1SO,000
808
19
550
8,000
8.250
1.881.343
1,448.409'
59.830
89,158
1.17»,6»7|
i.iga.es7|
38.841
27.187
17.til)3
7,0*8'
U,i98
S8S.81ft
173,150
iS,000
raoite
TM.wk. -m.
flaastk.'M
wn* wk.W.
»08,tB7.
<3.4«»'
8.063
10,400
Otanland
T?S,8«6
IJIM,M8
Lai 7
e.oes
u.i«t
Voladtt....
Mm« ilu«.
Bu. BA
u,«ea
Dal Mb
«17,817
Lieo.oMJ
O.'iflS
4.678.5«8
8.040.314 SC.SOlMe 113.838.470 77.408.013 24.790.020
n.B12 ie« 104.357.88S 85.770,862 74.183 027 22.810,800 2.038,711
I0,27l,4<'8i »<.484.737 79. Sf>7.78a| B3.14:UI52_21.8j3.«42h.95V)5H
inr-s
„^
I8M.7
,
Tne ezporta from the several seaboard porta for the week
• Kilns' June
JtoOT-U
1889, are
3'>.
ahown
Oom.
Wheat.
were in conspicuously light demand by the manufacFlannels and blankets were fairly active in
turing trade.
movement, but the current demand was of strictly moderate
dimensions.
XJoMESTic Cotton Goods.— The exports of cotton goods
from this port for the week ending July 2 were 1,671 packages, valued at 1 116,304, their destination being to the points
specified in the table below.
New
Biuh.
2G4.436
Boston...
Fortland
llontn al.
.••
in the
riour.
Baltlm're
K.Orl'ns
annexed statement.
OaU.
Rye.
8,001
263.081
148,000
3S,767
13.841
9,928
58,524
149,-.>78
......
187
Buth.
54.'S,*i01
BuMh.
3,791
Buth.
8.497
....
-
295,692 1,444,414
193,654
3,791
408,576
156,889
1,478
8,497
20,639
B'oie time
504,88
4
20,25 4
comprising the stocks in granary
At the principal points of accumulation at lake and seaboard
ports, and in transit by water, June 39, 1889
The
visible supply; of graio,
Wheat,
In
Mew
Do
tlore
al—
York
afloat..
bt.tli.
2,519,970
16,000
Albany
33.200
78.800
614,199 139.430
1,819.3«2 1,976.915
2,8S2
1,485
591,899
1,861
30,284
9.497
27.123
16,882
45,000
77,099
1,347,834
78,800
17,000
293,614 113,861
32,000
247.965
76,721
84,270
138,700
30.391
95,538
17,637
2,002
29,812
52.701
171,803
39,302
108,000
35,.'i00
BuOUo
CUcairo
UllwBukee.
DnluUi
Toledo
.
Detfoit
OsvfKO
Bt.
Oom,
Oatt,
btith.
bvsh.
852,2fi3 1,268,329
Lonia
Do afloat
CtncliiDail
Boston
Torouto
Montreal
Phllailelpbla
Peoria..
Indiana]Hilla.....
Kan»a>> Cltr
Baltimore
MiDDeapoliB.
1.641,746
2.4*0.563
399,612
1,122,246
451.340
50,533
40,000
209,664
36,000
3,497
115.000
415.085
72,751
65,4 S9
23,502
41,359
381,ii98
4.218,294
Bye,
Barley,
httth.
bUMtl,
19.537
21.500
30,000
23,538
5,272
477,2^.2
102,506
6,479
18,109
20,253
525
0,000
11,599
3,988
53,000
19.000
22.954
102,000
28,980
420
83,875
£8.647
5,462
9,640
OnMlaslasippl...
On lakes
On canal & river.
191,503
508,166 1,570,243
224,000 1,336,300
8'i'
86
61
872
12
1,671
l,6i0
73,707
28,464
1,530
83,285
20,705
3,321
102,171
1,530
103,990
1,035
Total
China, via Vancouver..
Total
9
mill poiuts direct.
The values of New York exports since January 1 have been
$4,339,505 in 1889, against $4,997,668 in 1888.
There was a strictly moderate demand for staple cotton
goods by the jobbing trade, and converters bought sparingly
as a rule, but there was rather more inquiry by exporters.
Prices remain steady all along the line, and Eome makes of
low grade plain cottons, also flat-fold cambrics have been
slightly advanced, because of the meagre stocks on hand and
the appreciation of print cloths, Cotti n flannels and wide
sheetings continued to move steadily, but there was a light
demand for most sorts of colored cottons. Print cloths were
in good demand and prices closed strong, on the basis of 4o.for
61x618 and 3 7-16® SJ^c. for 56x608.
1889.
1888
1887.
1886.
Jun e 29. June 30. Jul 2
Juli/ 3.
Slock of Print Ololht—
None.
149,000
66,b0O
Held by Providence manul'rers. 87,000
8,C00
13,000 224,000
65,000
Fall River manufacturers ....
None.
57.000 123,000
None.
Providence speculators
None.
65,000
6,000
20,000
Outside speculators (est)
II
95,000
274.000
495.000
19.000
Dark prints were in fair demand and leading standard
makes have been opened at 6J^ less a liberal discount, the
system of " guarantee and protection " aving been abandoned
by the Pacific and (Jochfco mills.
Foreign Dry Goods. There was little if any improvement
in the demand for imported goods at first hands, and the
jobbing trade was light and unimportant as usual " between
teasons." Prices in this market are generally steady and a
considerable advance on certain fabrics is demanded by
I:
—
Iinportalioiiei of Dry Goods.
of dry goods at this port for the week
ending July 4, 1889, and since Jan. 1, and the same facts
for the corresponiiing periods of last year are as follows:
The importations
78',325
626,654
337,200
20,000
33,200
9,490,334 5.250.113
9.831,3fl9 5,574,971
ToLJiino 30,'88. 23.623,989 11.308,521 4,838.172
Tot. Julv 3. '87 31.413,127 10.170,6"0 2.780,933
Tot. July 3, '86. 23,195,380 9,188.857 2,320,»02
916,705
908,877
193,252
220,910
273,308
Tot. June 29,'69. ir>,300,715
Tot. June 22,'8». 16,448.388
100
'
manufacturers abroad.
260,000
Bt. I'aul
2,182
1,546
32,934
5,759
6,903
2,197
7,752
2,940
2,185
17,668
1,219
1,901
2,858
19,136
1,564
Total stock (Pieces)
"3,816
4.393
200
134
95
105
From New Bngland
35
26
259
5,011
1,134
25,079
2,627
3,499
1,853
8,145
-
Mexico
3,029
17,«l6
^-
Central America...
South Anieiica
Other countries
Buth
......
1888...
45
45
Arabia
"
.
Tot.wwk.
1888.
Week. Since Jan. 1
Africa
West Indies
Peat.
......
B.Newn..
Blebia'd
299,397
BhU.
67,028
34,146
•
23,253
PhUxlel
1889.
Week. Since Jan. 1
2.
Great Britain
Other European
China
'
KewYork
YoRit TO July
India
I.
UBB^
[Vol. XiaX.
clothe
Ryt
I
BtUlLSZIbi BuA-tHU'
OkiMCO.
m
.
.
19,900
s
s
a
281, .507
2s C"
32S,878
159,674
135.428
212.681
.
g;
;
a
Z'3
LTO
O —
B; o
^^
0$
§•;
S^^
;
Ml
gr?
£3
I
'
'
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THE DRY GOODS TRADE.
KKW YOBK, Friday p. M., July 6, 1889.
Business in the wholesale branctes of the dry goods trade
vasviry light the past wiek as regards pergonal selections,
many of the out-of-town buyers who have lately arrived in
the city having tenipcrarily left the market in order lo spend
the " Fourth of July " holidays at the adjacent watering
plactsand pleature resorts. The order demand for fall and
winter goods was I'ss active than of late, because a good many
of the traveling salesmen representing the commission houses
on the road 1 ave return, d to the city for a time. There was
a fair mcvenient in tome descriptions of fall goods on account of back orders, agi nts having made c( nsiderable aggregate* shipments in this connection.
The jobbing trade has
Bulhidid into the quiet condition usually witnessed at this
stage of the season, but there is a cheerful feeling in this
branch of Ihe business, the results of the pat-t half-year's business havit g prov. d lo be fail ly satisfactory to such houses as
keep abreiist of the times. Prices remain steady all along the
line, and stocks cf both domestic and foreign goods are well
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DoMKSTic Woolen Goods.—The demand for men"s-wear
woolens at first hatds was marked by a good deal of irregularity, and no decidt d improvement in business is anticipated
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until agents r.pnstuting the leading mills are prepared to
of new epring goods.
Some lints of lightweight ca.ssimeres and worsted have already been opened at
about five i>er cent above last year's pricep, but intending
buyers are seemingly disposed to await the opening of such
makes of goods as govern the market before beginning operations in earnest.
Heavy clothing woolens were only ia
show tamples
mcderate den and, but there was a very fair movement in
wsBimeres, worsted suitings and trouserings, overcoatings
kersejB, Ac, on account of back orders, and prices
ruled
stea'iy; satinets, Kentucky jears and doefkins
were severally
guiet but unchanged in first bonds, and theie was a
moderate
iwintfs m staple and f«ncy o'oakings. Stockinets and
J, rsey
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