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1
1
xmm
HUNT'S MEUCHANTS' MAGAZINE,
REPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES,
VOL.
SATURDAY. JULY
45.
NO. L150.
1887.
9.
Six monthg.
P. CI
1887.
Terms of Sabscrlption— Payable
For One Year
(liioluillna
in
Advance
New
:
$10 20
postage)
do.
ForSIx Months
Euroiipiin ^^nbacriptlon (inoludlng postaije)
Aunnal suliseilptlon In London (Including postngt)
j^j WruHain
street,
888,.527.e
Providence.
2
NE«r YOKK.
81,3»;f.7.i8
3,MH/,,4«
3,821 l,86i
1-136
+11-1
23,024,55b
23.452.050
2fl.95H.42:i
20.ii82.7»f, 4-28
2.,674,0
8,878,428 +31-6
2,316,258 + 16-*
25.72g,.',0S,
LowelJ
14,700.091
12,785,21:6
Tot. M. Eng.
301,55B,9«6
41.7'«.US8
80,164,418
Tot-Mlddle.,
of exthanges for the week ending July 2 re- Cincinnati....
Milwaukee ...
:or(ls an increase over any similar jieriotl in the current year Oclriilt
[ind has been exceeded only twice since we began tlie compil- IndiHnapollS..
....
Compared with the corresponding Cleveland
ition of these returns.
Columbus
l>eviod of 1886 there is a gain of 24'1 per cent in the whole Peoria
Omaha
ountry, and outside of New York the increase reaches 15 1 .Minneapolis..,
)or cent.
The most notable improvement over last j'ear is at Denver
St, Paul
3maha, (53 "3 per cent.
Orund Kaplds.
Wttk End's June
'•atf*
oj—
jharM.'
(SttKks.
h'ottnn
hnles.,
bunheis.)
(I'T'tin
iPetroUum
bbls.)
loston
vldence..
lartfurd....
ew Haven.
'ortlund
Vorce.ster...
iOvvell
Total
Kew
England..
(l,:55.090>
(26.44:1,000)
(+67-3;
(+3S-l!
(+5-8)
(-75-8)
80.1 5o,3a«
4,41:j.Bl)0
2,2«S,tj76
1 ,3B0,?3ll
874,4S7
+19-9
1,171,01.8
-23-1
1.076,729
+0-8
-2-7
88,949.451
4,810.800
1,473,780
1,114,875
1,064,382
997,812
931,452
646,011
+0-8
100,218,189
!i4«i.&88
102,699,8551
65.281,684'
7,H50,876
12,995,282
-.2-9
+17-5
-i-32-2
+22-7
66.847,9181
9.546,297
14,397,183
+12-3
-f33-2
-f2-2
18,7:1
-J-42-2
+31-3
-2-8
+56-6
3S2,726
519,91
+18-2
+59-9
+23 5
-
24-4
+520
788,438
-
-49-3
104,501,584
90,903,087
+13-0
101,749,0*6
+31-3
16.474.861
1.201,825
15.369.899
+7-2
+25-6
-12-2
+8-3
,857,714
,«03,837
,C8»,B»6
,610,510
+420
.l>78,534
+32-8
+54-8
+31-1
+11-5
+6S-8
1,928.8,18
eoria
1.01>',8S2
S.Oi
5.054
3.488,761)
...
enter
Paul
I.«i8,«fl4!
4.220.82121
.
rand Rapids...
472.S 6
790,2e5
"Icllita
U
1,.354,813
2.3H4.-i23
-1-5
+42-2
+378
1,575.651
+38-1
7n7.098
l,8i 0,080
3.284.351
l,51B,n63
-f:i9-4
2,i):i8,9S
+63-3
+ 5-8
>peka*
877,883
Lonls
Joseph
3W Orleans.,
uisvllle
--32'0
--7 10
-37-7
--47-1
--41-8
+61-1
--S5-4
- 45-9
620
-
hCUt..
his
-ion....
riuik
958.96:!
r>,rn4,b00
5,9:14,942
8,1 21 .7:17
1,0<)4,S24
5,482,401
.^7ll^l59
l,2.W,85l
87'<,082,
9ll.^^3
518.212
983,647
—19-7
-3-6
+12-0
Ilotal Southern...
89,126,814
35,822,968
+6-2
^Francisco
18.878,358
13.121.646
+43-8
rotalall
italde
New York.
Mot Included In
,076,879
+ 17-7
9»l,:-65
I5ie,20<
t:i:t
40,62!>
;
a,469,9!)9,33I
62,780,710 +20-8
4,488,:103 +50 7
24,883,500 -+-1-8
20,08r,752 +19-1
24,963,441 -t50-4
4,784,293 +18-6
440,8<2,67P
6,735,182
...,
37.344>05
25.3-.?1.262
i.3-.?l,26l
City..,
Memphis
5.579,9.85
Oalveston
Norfolk
4.014.834
2,370,970
Tot. South...
181,314,204
San Praucisco.
75,467,413
.1-7
..
Description.
+12-7
2,328,304
-^l•8
147,817,804 +2,
61,871,909
SaL.iSKa.SSS
31,748.851 +64-1
35,fi82,S;(.
+8-7
+18-8
+52-6
39,723.928 +28 9
30,884,105 -14-8
214,241,252
197,018.962
187,.SS8,614
200,,H59,«80
11.5,8116,420
)31,6lil.9-29
61,204,310
26,287.389
17,647,035
17,878,775
636,081,153 +20-1
1,123,823,3?6
H6-5
281,003,897 +33- 5-
876,171,984
+19»
7,306.886.018
New
:
Six montht, 1886.
Tnontlt), 1887.
Par Value
Actual
or Quantity
Value.
Aver'jt\ Far Value
Price. or Quandtt
Actual
Value.
\Aver'a»
Price.
I
;
Stock
Sh'r's
43..'i25,142'
2403174091 69-7
Val'e Mi'2:i0292OO
bonds... t234.2(i5,910, |193.S18,528 83-4
Gov't bonds.
$4,647,950:
S5.584.074'li9-7
State bonds. 112.903.200
»4.487.18l| 34-8
Bank stocks. $1,201,850
tl,483,5£6.12:i'3
HR.
Total
...$4276189910 t2610027300
1
xy r
.008.936,003
+24-1
992,466,436
4 78
378.1M.S7B
,32«.674.«78
+15-01
.847.044,882
^277
61-0
Petr'l'm.bbls 678,423.000 «375,038,160 85 l-15i
Cotton. bales
13.884,700 »7()3,l9«„'ie5!t51-46
Grain. .bush 10c,9,197,105 $928,ii01,286| 87Jic.
.
Total Talnel
We give
70-1
t4.w!:»5S;Ji?!i3018081819i
1320.457,700, $275,420,238 85-9
$7,277,900'
$8,004,498
$8,7.'i0.42lll20-4
$3.141.8,821 38-8
$789.:j06
$874,628 113-7
increase
S16151B3207I
$5673908,871
on the five-day telegraph returns, and
compared with 1886 of 9-5 per cent.
Retwmt by
Week Ending July
1886.
t
New York
Hoston
Baltimore
Chicago
St. Louis
New Orleans
it
indicates
Week End'g July
0.
an
2.
Ttlevrapli.
1887.
'.
Tolal.Sdajs..
returns of exchanges for the month of June exhibit a
Estimated 1 daj
gain over those for May, the increase at New York
If 174, 0.53,.538, an:J in the balance of
Total full week
:
the country |67,411,Contrasted with June of last year there is an excess in Balance (Ountry*
.iggregate of 13-1 per cent and for the six months thv
Total week, all
rvuches 10-8 jier cent,
*
i'oi
t46l 1458.4:10 fl:l05!!77,58S 71-2
$13:12,283,000 » 1026989,012 77 1-10(»
12,061,600 $559,457,240'$46-38
815,507,524 $682,184,8011 S3-%c.
below our usual estimate for the week ending July
i'biladelphls
13,863,888
3.581 ,421
+250
+15*
1,976,103,003
4,541,691,331 4,014,080,056 +13-1 25,756,214,298 23,398.414,007;+10-8
all
Six
..
m
376,159,048 +20-9
75,821. .-i94
Saffs 0/ Stock (s/iarM)...
1.251,766,707
totals.
477,432,235
Kansas
9 based
294,562
4.1)27,:113
1,909,229 +28-K
2,567,2;0 +51-8
-
ulillh'
Total Western.
8,101,3271 +65-4
li!,434.979' -I- 34-6
7.106.007, -1-4211.8->3,»18 +.'55
1,9.'-)2
2.3,
!,928;07i
Total
-t-37-4:
7.3U0.S33 -f29-5
3.243,832 4 48-3
10.12»,213i
Orleans.,
Louiavllle
+21-2
+34-0
60.761,886
9,323,550
5,878,411
3,806,003
1 ,901,747
3.249.488
2,236.929
944.750
B.884.979
3,4«3,123
2,158,832
4,027,778
524,071
3.286.02K
2.H.V.J20
13,S62,5''i +i7-nl
5,6.33.758 •t-70-3:
1(1,631.024
+13-7
-na-8
-8-7
eveland
Jtnmbus
17,0:)8,7't9
+S80
+16»
+178
1,419,365.519 1,10.5,166.877 +18-8
292.H 18.11011
210.977.400 -4-2I-&
111,51:1,6)9
89.180,831 -^25l
91,901,888
78.181,116 -noe
30,165.H18 -f46-644,212,131
57.609,89:1 +39-a
80,072,161!
43,207,902 +24-»
53,706,679
17,778,:-I3-.! +52-1
27,0S6.1^8
8S,14ii.9!<6 +84-7
70.462,882
6K.298,55»
21-4
80,456.220
57.41)9.755
40,171,442 +42-»
97.219.912
63,077.351 +54-1
9,802.903 +28-7
12.618.452
8,478,003 2688
81,208,037
)-44-8
Our compilation embracing operations on the various
York exchanges now covers six months of 1887 and 1886
56.209,001
10.812.000
4.010,647
3.556,3
etrolt
Joseph
IB.oOl.SIf
18,433,582
2,420,815
3,8t3,549
Louis
New
23.ti78,609
+18 &
295,2!:'2,0i2
Outside N. Y. 1,576,269,406 1,279,917,154 +23-1] 8,694,814,216
+40-5
63,377.438
f;i9-5
2,162,789,355, 1,852,W7,793
316,0-.8,947
231,845.733 +22-8
43,717,000 + 10-7
844,298,638
+ 17-7
+27-8
+25-4
.
+27-3
2,280,940,172 tl2-S
-f28-5
90,791,398
9,8rtl,i'00i
B,597,.'S52
8,.')02.et'9
1,692.769,246' 1.36.iJ.S46,8S8
I91,907,l-.5:i
245,721.571,
9.424.928
14,466,939
9.4 52.803
4,^09,172
13,549,359
Tot. West..
St.
St.
+301
+19-8
idianHpolis....
niaha
tnneapolis
(-2-2)
(1,818,368)
(810,000) (+189-0)
(81,278,900) (189-8)
(8,488,000) (-84-8)
88.127,622
,
...
+9-7
+13-4
+24-8
+0-5
103,015,0J1,
hlcagn
Inclnnatl
(19,933,000)
2.S«7.9.5
1.401,473
1,04«,485
000,501
76.690.920
10,S76,7:«
15,917,378
Total Middle..
(;i85.(K)lJ)
9'>.766,169
B.OtiS.HOO
112.605,592
hlladelphla
ittsburg
alLlmore
waukee
(l,0.12,8»f)
(oni.Hix))!
(27,970.300),
(12,000,000),
1,(I82.7»7
Bil4,142
prlntrfleld,,.
25.
P. Cent.
648,421,354
2,543,030,220
288,090,n.3P +277
31,»-5«,76I -f-Sfl
4W,0:;0,217 -f22
281.724.575
48.393.950
Wichita
+S8-4
+110
a
+15*
387,091,446 +13-!
403,493,340
,
1886.
44,C81,522
4,,41.1.8
4. 022,4
5, 105.8
Piftsburflr
The asKfPgate
680,'<!f)0,025
Il8,-i73,700
+4-2
B,llli:1.40
4.891,75t +15-6
Chicago
873,B44.;i28;
-14-1
18,.s:(3.5iil
I
CLEARING HOUSE RETURNS.
lew York
460
2,008.776,838 +12-7
107,259.600 -t-10-3
+2-1
4:!, 174 ,944
27,7«1,3C4 +13-1
22,1H0,I44 +.3-8
5,,858,0
Bultimore
2.
2.262,375,066
NtMv Haven,
PiTtland....
Wiircester..
SprinKtield
Philadelphia.
Post Office Box 958.
Wftk Ending July
343.261. 74^ fl.3-S
,938.:i
7. 194.11
P. 01.
1886.
+8-5 17,061,400,082 18,091,678,680
1,7.34,162,005
2,969,,421,1
Iliirtford....
78.
88.
Six Mo9.
do
do
do
These prices Include tUo IsvEsroRS' scpplembkt, of 120 pages
Issued once In two luontlH, and furnished without extra cburge to
subscribers of the Chkosiole.
WILLIAM B. DANA.l
tons a. FLOVD. (
York.
Boston
iO
11 28
£2
£1
t
443,087.565
431,805,453
1720,6031
(97.^,678)
68,694,406
48,893,960
59,005,582
88,4U5,962
\P. Cent.
+2-6
(-28 1)1
-1-5
+27-0
-4-6
+8-9
+3-1
1887.
672,818,126
+20-S
(1,771,708)
(+78-6)
7e,8S3,t6«
13,067,448
46,883,091
12,680,861
4,026,084
+2-3
+11-0
+21-4
+3-8
+1-7
+8-8
865,367,410
262,142,104
+ 16-»
+ 84»
+26-8
59,286,631
S.848,0841
0,277,973
42,033,866
13,411,815
4,464.764
38,610.000
13,014,350
5.288,662
619.424.310
104,386,202
5e3,e«7,6S4
132.812.020
+23»|
783,810,612
63,467,482
T28,580,00*
72,791,673
+28-4'
1,147,509,514
104,268,107
877,277,991!
801,371,976
+ 05
1,251,777,621
-I6-l|
-+3-9
+7 6
the lull week, based on lut week's retorns.
P. Cent.
+ 23 8
J
.
THE
36
fTOL.
CflllONlULJi
XLV.
disclosure
the collapse of the wheat corner and the
of the week
event
An
Bank.
Fidelity
the
to
with regard
dry goods firm
has been the failure of an old, conservative
since
THE FINANCIAL SITUATION.
The tendency
been towards
of the
the past week has
represented by bankers
money market
As
increased ease.
balances, the extremes for call
money have been
10
and 3
July disburse-
the fact that the
payments have been well distributed, that Government
on
West
sent
money
that
and
ments promise to be large,
at
part
in
likely
is
Bank
Fidelity
the faUure of the
good
in
are
loans
Time
return.
to
least
soon
demand
at
cent
per
6
30
for
to
on
days
60
generally
prime collateral. Miscellaneous collaterals are
on them the rates
rejected, and so far as loans are made
with little or no
are not quoted. Commercial paper meets
is man
disposition
much
inquiry from city banka, and not
in
failure
Tne
buy.
to
institutions
out-of-town
ifested
ance grew
Tiie
dropped nearly
rate at Berlin has
thej
Oiearlnjj
Clearings, Total All.
New
OuWite
York.
Kontlk.
\P.Ct
1887.
4,143,139,849
+5-6
1,408,138,783
1,867,610,954
3.695,294,565
3,848,019,082
—40
1,222,010,791
1,102.511.2911+1'
4,335,761,61!
4,172,610,767
+3-9
1,499.393.160
1.267,.534,325 +1.'
12,401,879,053 12,163,769,818 +2-0
4,513,017,992 8,610,313,361 +25-0
4,129,540,743
3,637.658.570i
1,480,116.532
l,189.33'<,413i+2l
l,eOS,857,535
1,199,953,8^!
Maroh
Total.
April
•H91
May
4,299,625,1
3,610,281,542
June
4,841.691,331
4,014,090,056]+13-1
Total
i
18,351.335.246 11,231,674.03«!
6 months. 123,756,211,298, 23,393,444,6071
per cent, or to If to
2 per cent, against 2f to 2f per cent last week. At Paris
The fall in
the open market rate remains at 2\ par cent.
the rate at Berlin is doubtless due to the fact that the sub-
..
+11
4,370.822.843
Janaarr-.
February ..
about 38f per cent,
The open market
1
;
of
import-
paper of
the
that
fact
its
MONTHIiT OLBARDJOS.
60-day to 3discount in the open market at London for
in the
change
months' bills to li@ If per cent, and no
of
proportion
the
Bank of Eogland minimum, although
week.
the
an indication
months.
purchasers more
the dry goods trade this week has made
very apparent.
being
names
of
scrutiny
closer
cautious, a
rate of
cable reports a reduction this week in the
reserve to liabilities has
against 43 par cent last
trade than
the
out of
as
deserves
it
failure was more,
firm had stood high, and hence the
otherwise would
it
than
disturbing
talked about and
great activity in
be
to
continues
there
That
have been.
truly
than in our
more
way
no
in
indicated
is
exchanges
monthly Clearing House returns. Tne weekly statements
represent the situation in part, but the monthly compila.
The
tions make a more graphic presentation of the facts.
six
and
for
the
June
for
following are the figures
by
fallen to
of
state
the
This incident has been
to.
more prominence
much
accorded
[per cent; renewals
per cent, with the average about 6
until Wednesdaywere made at the same figures, but not
This
point to easier money on call.
The indications now
is made probable from
referred
in this city, before
•(-18-9
1,678.269,4061 1.879.917.1
+
•
l::
' -•:.
•:i'
.
3,669,209.41.-i
4.565,8T3,473
1-10-81 8,694,811,216- 7,306,806,018!+
could show more absolutely than the above, that
named transactions have been of very:
months
the
What
in
In
large volume.
fact,
June's totalis the largest of the
and although there was a very considerab".
scriptions to the new loan of 100 million marks were
increase last year in the same month, the growth now
The loan was a brilliant success,
closed on Taursday.
over 13 per cent more, while for the last three months t;
the subscriptions reaching 700 millions, of which 400
It,
have come from Berlin alone.
The Bank of England has lost £747,009 bullion this
millions are reported
week.
A
to
special cable to us states that this has been
made
up by an import from South America of £18,000, by
Bhipments to the interior of Great Britain of £376,000,
and by an export of £389,000, the larger part of which
was to South America.
Our foreign exchange market has been dull and almost
without feature this week until towards the
close,
when
upward
year so
far,
nearly 19 per cent larger than in 1886.
interesting to note how this total compares with othe
years, and also what the growth has been at differen
aggregate
is
between the bid and asking price for
sterling.
millions.
EXCHANGES TOR SIX MONTHS, JANOART 1 TO JDLT
(000,0003om{tted
with regard
to the
imports of gold
is likely to
cause
much
The objectionable feature is a requirement
packages must be opened in presence of a United
annoyance.
that
the object as stated being to prevent
States appraiser,
smuggling.
As
secured, delay
is
1888.
18S4.
1885.
1883.
1
1,
1880 TO 1887
1882.
1
1881.
(It
1
2,262
1,593
314
1,419
441
814
875
New
Orleans
San Francisco
2,007
1,365
295
1,195
382
197
281
1,605
1,095
295
1,069
370
189
874
1,681
1,368
323
1,161
413
252
268
1,785
1,391
337
1,231
437
871
284
1
1,809
1,376
324
1,083
418
253
299
2,124
1,360
368
920
385
259
262
23,709 21,814 16,783;23,303;24,440!28,361131,745
Other
2,047
cities
Total
l'^
i
»
t
»
t
17,M1 16,092 11,886 17,851 18.704 22,799 36.077 19,
Of the
$800,000 more came in on the Trave yesterday. All of
the remainder ought to be here by the coming
Tuesday. It is stated that a new customs regulation
1897.
$
ten-
$1,250,000 of gold reported by us afloat for New York
last Friday, $100,280 75 arrived early this week and
th
As six cipher
following, covering the years since 1880.
thousands c
expresses
type
face
full
the
are omitted,
with easier money here there was
New York
No change in nominal quotations has been made,
dency.
Philadelphia
but for actual business there was a little narrower margin
a slight
For that purpose we have prepared
centres of trade.
1,584{
1,289|
1.408
1.218
1,112|
1,6
1.8
8
7
a
21
979
25,756 23,398 18,0i8 24,711 25.080 29,503 32,721 21
all
OaUIde New York.
6,952
6,704
6,647
W,89o
r.S06
6,188
6,857
N.Y. clearings, less
2>« times st'ck sales 11,053
8,551
6,523
9,010 11,817 ia,776 14,316
A feature brought out
by
the foregoing
noticed, that the chief increase
is
is,
outside of
b
1*1
as will,
New
Yfl
has increased materially as compared
the appraiser cannot always be promptly
New York
feared as the result of the regulation,
1885, but only moderately as
compared with 1886, wher
compared with 1884 and previous years, transactions
embarrassing. Bankers very reasonably ask why the now very much less.
This is in good part explained
same object could not just as well be attained by author- the last line in the foregoing table, which shows that o
izing the officials at the Assay Office
whither foreign gold side of the Stock Exchange there has been a la
is almost invariably sent
to examine the packages.
growth in the total transactions over previous yeWith regard to general business, very little change is to back to 1883. But on the other hand, Boston, Philad^
be noted from week to week. Transactions are large, but phia, Chicago, and nearly all Western cities, exhibit
in most industries competition is close and profits small. largest
We now add
aggregates ever reported.
There has been of late weeks in many departments of trade figures showing the sales at the New York Sto
and
in case of a large
shipment
—
this
might prove quite
|
—
i
either
a decline
due very
likely to
in
prices or at least an easier tendency,
the greater
caution in banking circles
Exchange for the last two years. We have no room
day for further comment upon them.
,
July
9,
THE CHRONICLE.
1887.J
SALB9 or gTOOKS AT TUB
VKW TORK BTOOK
HXOilANOB.
1887.
irumlur
Skara.
of
Par.
"or from a competitive
point
"substantially
circumstances
"
Valuu.
Valuet.
of
Actltat.
Sham.
Par.
ActtuiL
-1
8,410,887
7,I47J0B
046,988,880
379,888,687
10,168,078
'
987,460,315
806,611,878
,807,883,800
U8B.488378
l'.4«7,«79
lay..
ii..'><10,087
804.809,780
803,803.800
371.187.0S3
ii.ses,83a
817,748,480
393,074.804
8il,01(>,898'8,085,S48,000
9,877,678
80,161,051 1,841,8!IS,8» 1,861,789,389
45,88;;, Ua4,088.82».800 2.403,174,051
48..S90.I8H 4.304.85B.Q87!3.018.081.ai9
(i>l
""
378,881,431
S70.:inl.897
22,B08,(i44
line...
a
8,878,184
.pril..!
[111
1,
414.440,380
7,814,113
71«.908.400
e3T,6W4,gM)
I
478,418.418
88,838,188, 8,463,170,768 1,786,848,890
6,410,661
684,187,700 878,708,873
6.6:90.303
803.008,360
488,706,988
7,111,107
6M,433J886
458,180,080
"
dissimilar
ia
always carried under
and conditions
from non -competitive points. In
case the railway makes its own rales.
In the
from that carried
" the latter
'
8,147,187
*
790,883.975
818,717,886
663,778,968
37
to or
former case the circumstances are altogether different
The power
of a corporation to make its
" limited to the necessities of the situation.
" controls the charge.
It must take what
own
rates
ig
Competition
can get,
it
or,
" as
was said in ex parte Koehler, abandon the field and
"let its trade go to rust."
As sustaining this opinion,
reference is made to the decision of the U. S. Supreme
Court
(117 U. S., 355), where it was held that "the
.;eturns of railroad earnings still continue very satisfac" service rendered by a railway company in transporting
oij.
We defer publishing our regular monthly statement
" local passengers from one point on its line to another is
ill next week, so as to make it
more complete, but we
'' not identical with
the service rendered in transporting a
.Iready have enough roads to indicate that the June
<' through passenger over
the same rails." Judge Daady's
xhibit, like the exhibits of the months preceding, will be
views certainly have the merit of common sense, and if
ery favorable.
Footing the figures for the 71 roads that
sustained, the fourth clause, which was to accomplish
lave furnished returns, we find that they show aggregate
samingsof $20,949,877 this year, against $18,647,367 last wonders in revolutionizing railroad methods, has become
a nullity.
There is not a railroad in the land that cannot
•ear, an increase of $2,302,510, or
12^ per cent. This is a
make
out
a
clear case of exemption from the operation of
leavy gain as it stands, but is all the more striking wh^n
the section, for it is on competition and competition alone
remember that we are comparing with heavy totals in
that the present system is founded
-0,
the gain then on sixty-one roads having been
The stock market has been unsettled this week and
70,708, or about 12 per cent. "We have also prepared
rather
weak. No change has, however, taken place in
usual table for the fourth week of the month, and
the conditions affecting values.
The outlook for the
it on another page.
This does not show so large a
alio of increase as in the earlier weeks, owing to the fact crops is satisfactory, refreshing rains having fallen in
Reports of
bat earnings last year in that week were unusually large, nearly all sections where rain was needed.
earnings continue excellent bank clearings are large,
lid also to the fact that on special
roads exceptional
and generally business is good, while money is becoming
umstances
kept
earnings
down
the
present
1
;
As
Net earnings,
cent.
ilh
Some
last year.
'-eived
of
-e
however, the ratio of increase
is
it
this
week
make
too,
for the
month
the Atchison, Burlington
-0 Grande and Ohio
&
excellent comparisons
additional
have been
exhibits
among them
of May,
&
Nevertheless, the stock market does not
easier.
12^
is
Qaincy, Denver
&
but on the contrary
is
go up,
steadily dropping to lower figures.
Operators apparently have not enough confidence in the
in values to induce their engaging in an
attempt to advance prices, while the outside public now
and for some time past has been completely absent from
situation or
and these all show
the market.
The result is that the room traders who are
reater or larger gains.
In making up our April state,
reduced to the necessity of making a living one way or
lent of the net, we found that the increase was not
quite
another, finding that prices cannot be moved upward, are
It is likely that in the statement for
p to expectations.
industriously at work hammering them down. Chicago &
ay the improvement will be more marked.
Northwestern was attacked on the announcement that 10
It would seem as if gradually a
construction of the
ourth section of the Inter-State Commerce Law was millions of accumulated surplus had been charged off to
aing arrived at.
Three weeks ago the Inter-State Com- equipment. As this is a mere matter of bookkeeping
and consists simply of marking cost of equipment down
iiFsioners laid down certain rules for the guidance
of the
ten millions on one side of the account, and surplus fund
jlroad companies, in which, after calling attention
to the
ten
millions on the other side of the account, it is difficult
MJt that the prohibition of
I
:
Mississippi,
a greater charge for a short
lan for a long haul apphes only in cases
I
to see
where the
amstances and conditions are substantially similar, they
ndertook to point out certain general cases where
the
umstances and conditions might be considered dis-
This week Judge Deady, of the United States
Court at Oregon, has rendered an opinion on the
ilar.
cult
question
Oregon
jarge
less
and
isco
the
in
&
application
California
a
long
Portland
than
for
road
haul
of the receiver
for
permission
between
why
the operation
should have
cir-
any
effect
The following statement made up from returns collected
by us shows the week's receipts and shipments of currency
and gold by the New York banks.
Wtek ending July
8,
Received by
Shipped bji
F. Banka.'y^. Y. Banks.
1887.
JV:
of
to
San Franbetween
on the
value of the shares.
Currency.
Gold
J513,000
_Tot^ gol d and legal tenders
«5m,000
I
Net Interior
Movement.
11,360,000
Loss..
(8.^8,000
tLHOofiOO
Loaa..
1868.000
The above shows the actual changes in the bank hold•'cal points, the existence of rail and
water competition ings of gold and currency caused by this movement to
iing to make such a course necessary.
Judge Deady and from the interior. In addition to that movement the
rendered much the same opinion two years before banks have gained
$4,000,000 through the operations of
a
short
haul
an act of the Oregon Legislature covering that point
His conclusions coincide with those
.1
as
for
the Sub-Treasury.
Adding
this
item to the above,
we
under review.
have the following, which should indicate the total gain
the Inter-State Commission, only that
they go much to the New York Clearing House banks of gold and cur •
.^ rther.
The Commissioners mentioned water competition rency for the week covered by the bank statement
to be
;t''mpetition with foreign roads, and " rare and
peculiar issued to-day.
•;
;
«e8
•
of
lere
n
id
competition
the
apply,
between
prohibition
but
Judge
comprehensive
of
Deady
rule
railroads"
the
that
fourth
lays
as
down
"freight
instances
the
W««* enMng Julu
8,
1887.
Into Banla. OutofBankt.
does
section
broad
carried
to
Ifet
Chanot in
Bank HdUHnot.
Banks' Interior Movement, as abore
Sub-Treasury operatlona
Total gold and legal tenders
..
t613.000
8.900,000
t9.413.000
»I.365,000
Loss~
$868,000
4,9OO,0W' Qaln.. 4,000,000
/
16,865,000
Qaln..»8. 148,000
38
XLV.
[Vol.
THE CHRONICLE.
the old Treasury method
manner, that is according to
£747,000 buUioa during the
debt, and accrued interest, and,
(excluding PaciSc Railroad
net sent abroad and
£371,000
an asset as it wa*
represenU
This
week
silver and minor coin
The Bank of calling fractional
Britain.
Great
of
interior
total debt woulc
the
the
way
£376 000 to
up in this
,
-^KTBii^rof England
lost
then rated)-made
interest charg,i
now only $1,175,168,675 with the
last report, foot up
of Germany, since the
Bank
actually pa
have
we
the
words,
and
other
silver
only $41,189,010. In
marks. The fo °wing
$l,581,262,h
of
sum
enormous
Thow a decrease of 21,377,000
the
years
the pnnc.pa Laropean during these'
the amount of bullion in
reduced our annual interest charge aboii
date last year.
and
debt
corresponding
of
the
at
and
this week
France
francs
gold and 2,050,000
francs
lost 1,150,000
Sates
banks
Jviy
Bankiof
7.
July
1887.
SUvtr.
Cold.
Total.
Oold.
£
£
£
rnnce....
CtarmaoT*
20,';()3,000
Beltaerlands.
6.630.000 14,16.3,000
B,OM.O0O 8,309,000
Mat.BelKlam'
Hstloiul Italr
2,!M8.000
7.001.000
1,274,000
3,822.000
1,118.000
8,119,000
£
54,613.S3i) 15,041.806
48.Sei>,182 47.230,824j 98,490.006
18,880,291 *0,128,160|
21,123,894
99,655,642
19,685,010 15.551,993
6,382,000 13.461.000
35,217,000
8,198,000
14,741,000
2,681,000
1,342,000
4,020,000
7,263,000
1.493,000
8,756,000
6,842,000
13.401,000
figures s
cannot pass by the great fact which these
Coi
asking
again
once
emphatically bring out, without
an
well
is
It
stop.
reduction 1o
gress not to allow debt
thi
granting
while
but
necessary to reduce taxation,
equally important to perfect a refundin
We
Ibtol.
saver.
19,M3,000
relief,
118,273,740 86,088,79tl 203,S'!2.536
SU
aold.
July
«
2,
"
"
1,500
....
4.
"
6.
•'
7
564,135 05
717,782 80
378,124 37
Total
$2.462,475 96
5
Oertiflc's.
iifieates.
$59,000
38,000
$2,500
$470,71" 69
331,386 05
1.
Notes.
$360,000
265,000
for
120.0SO
S2 J 9,000 $1,918,000
$218,000
were $7,000
in silver
Included in the above payments
coin, chiefly standard dollars.
Congress cannot
measure
What
is
has been said with regard to the amount of de
how excessive our tax income now
i
we wou
so often written on this latter point,
pass over that feature of the case, by giving only t]
annual totals, were it not that a statement of details brin
We
ha
out so clearly the urgency there is for relief.
t
figures
monthly
the
from
consequently prepared
ea
revenue
the
of
statement
a
us,
Treasurer furnishes
By
quarter for the two years.
of
growth
books when every
one's
item
Revenue largely
with
obligations reduced
excess of
in
marvelous
need?,
rapidity,
deb^
are as follows.
—these
surpassing even the last
are the features which
Government figures for the fiscal year just
and present. Nevertheless, for obvious
prevailing
feeling
falls
J?ei'enu« in 1886-87
closed suggest
reasons,
the
Revenue in 1680-88 from-
from—
|
OOOj*
omitUd.
JnVnal MiaaVa
(7U8-
Cus-
InVnal MisceVs
toms.
ri'fcn'c. soiireea
Total.
ion\8. 'reiYu'e. sources
interest,
charge decreasing more rapidly still, and the prospect
that the income the coming year will aSord a surplus
method the consta
The fi^ui
this
in the receipts is plainly indicated,
exhibits increasing strength ought to be an agreeable
operation.
see that a feasible refundin
fail to
of the first importance.
paid this year shows
G VERNMEy T EINAN CES.
The overhauling
bil
will
As we have
43,000
56,000
45,000
tax
not be tolerated by our people, that tl
machinery for debt reduction is now in good workit
lower tl
order, that there will be a surplus even if we
$48,000
26,000
439,000
683,000
271,000
76,000
71,000
55,000
5,500
5,500
Possibl
all
new
manent debt
UoU day
5,00(
year.
previous Treasury accumulations; yi
more or less of them can be used to buy better conditioi
Remembering this, and also that a pe
bonds.
taxes,
Sliver Oer-
each
be found that
quot
a
the
for
outlet
of—
aold
leave
a measure.
the following from the Custom House.
U.S.
will
it
will
houses; i
have failed through a disagreement of the two
adopted sue
have
be,
to
would
it
relief
a
what
case
that
Besides, tax reduction does not provide a
1,210 through the Sub-Treasthe week, and $100,281
during
bullion
ury for domestic
Treasurer received
for foreign bullion, and the Assistant
Consisting
the session closes
when
by eable and while
'?.-™;fJwrre'el?r he above Ve-^uus weekly folumn,
they are the
«ntln^ftli6 da e Riven at the head of thelatest
reported flguree.
the
is,
date-that
?etu.*" iBB^^d neare/tw that
Dutiei.
which
payment
some
of
scheme
of bonds optional for
gllSSBMSisE^SSS
Jtate.
is
it
kind
113„W»,8B0:90,B54.ll5'!!04,all.011
Tot. thin week;
,S5. 127.514 2n4.076 916
53.328'0I.549.0M20«.'<02.3H1 118.946.38^
.w'lE
,..„.^^14.7
Tot. prcT
The Assay OfBce paid
dollars.
109| million
1888.
21,!23,891
22,689.858
Sngland..
8,
*
28,638
6,125
93,519
t
51,030
28.018
8,756
48,652
29,005
9,507
87,164
44,799
30,806
6,367
Third quarter..
56,386
26,289
9,383
02,038
49,481
25,679
7,070
Fourth quarter.
53,61oj
85,224
0,826
98,660
47.895
32,303|
First quarter....
»
58,760
Second quarter.
It
%
t
»
;
!
84.811 STl.SSl
217.401' 119.1,"i6
Total year
short of unqualified exultation
1
192,905 116.806
To
»~
1
81
7,531
26,729
J
of course at once be noticed that this year's
will
But thefacts are on that account of come is almost 35 million dollarslarger thanit waslastye
and we may with profit briefly note That is an iMportant circumstance, but what is more imp
what of good has been attained, and how in the light of tant is, that every quarter of the last year is larger tl
over this showing.
none the
we
the past
Jt'irst
less interest,
of
are authorized to look at the future.
all, it is
we have redeemed,
lot of
its
corresponding one, and that the closing quarter she
Are
certainly very gratifying to find that
the largest excess of any in the twelve months.
paid oS and destroyed another large
not forced to anticipate from that steady increase, adtcic
Government bonds.
The
total so disposed of the
twelve months his bsen $124,321,750 as we have in
the same time paid certain items of non-interest bearing
debt while reducing the available cash in the Treasury
last
;
growth in the coming twelve months ? Gill the surp'
last year 109
millions, and adding to that only b
of last year's
increase,
we
get
a
total for
twelve months of 126^ million dollars.
the
com
seems unreasi
It,
$18,753,000, the actual debt payment out of the year's
income has been only $109,707,646 38. But this latter
fact does not affect the former statement, that our interest
able to look for less than that, except in case we have so
bearing obligations are nearly
124J millions less than they
were twelve months ago.
single further thought
10 millions more.
A
on
this point is
great
falling
off
in
business
ness continues to develop
when
it
meets.
essential to a
we ough'
These are the
We
activity,
;
while
if
bi
frhajs to anticip
must f
add that all
devising honest ways
^acts C'ongrass
scarcely need
to
complete understanding of ingenuity will be required in
the 31st of August, 1865 wiping out this vast surplus, while the large amoi
(just after the war had closed), the debt less cash in the which must be accumulated before that is accomplial
Treasury amounted to $2,756,431,571, and the annual win be a further stimulant in the same direction.
Sai
the work accomplished.
interest
payment
1887, the total
On
to $150,977,698.
On the 30th of June,
debt of all kinds made up in the same
both tax reduction and a refunding measure will be
necessary.
a)
,
July
THE CHKONICLR
9, 1887.]
89
But the present situation and the prospect during the day of trial will come when the nest period of dcprtiwill engage special atten- sion occurs.
Bat it ww not of luoh a period that w«
As we anticipated in referring [to the matter last were writing. As afTicting the present year and current
yion.
'
coming six months are what
the
;reek,
July figures show a falling oS in the
Notwithstanding the month's
of
first
Treasury accumulations,
it is
a favorable device.
Treasury accumulations.
lurplus
was nearly
17
WORTHY
million dollars in June, the Secre-
appears to have reduced the amount in the sub-
ary
Oh TUEIR HIRE.
no more practical question in American politics
treasuries over 1^ million and the total balance not quite than that which concerns the means to bo adopted
to secure
This is shown by tlie following puro government.
)Ut nearly as much.
The pessimists will toll you that the
tatement of currency holdings in which we include the government is wholly rotten and corrupt that elections
igures for July ], 1 SSG, and for other dates for comparison
are invariably bought, that Icgislatiirca are always venal,
There
is
—
Jan.
"•cuurer*$
>llno*
of
Harch
1.
1887.
it<8e.
JuiU
1,
JuiU
1,
that public officers are open to considerations of a pecuniary
I,
1887.
1887.
18S7.
«lS6.7eil,74» »i70.PlZ,413 |175,1S0J841 »18e,6B7,T7S (18e,375,(>«9
llv
81,«83487
73,167,891
73348,429
S3,B8g,!03
21,767,376
»0,013,797
375.178
197,016
97,208,314
27,094,199
Notes...
S2,i$U8,S17
ss,i«g,3a)
Notes..
14»,0U
827,0«S
.
;k'«c'nal surer*
se,«8a,496
SS,79S.8S8
96,595,715
t303,323,llS (886,100,107. (309,315,3^7 (309470^930 (3CT,529,t29
Tots'
(I
TS,U9»,91S
deposl'T
Bka
1S.1S3,023
14.435,199
22.80»,57S
19,730,598
22,991,302
fi
|nnd
I'*
(319.758.ai4l (314,834.030 (329.041.888 (331,1178,803 (33i).520,481
tots]
in the
not by any means so to the extent charged.
bought and
seems to be beyond controversy that members of
liodics accept bribes for
and
l^lack
is
sold.
It
legi.^lative
supporting or opposing measures,
sheep do get into the
comfort to know that the ovil
Yet
is
a
not one half so groat as
it
official fold.
is
it
Much that is charged is charged
an outgrowth of the habit of exa^^
often represented to be.
for political effect or
above is that,
adverse circumstances under which the
of the
It is
In cases votes are undoubtedly
is
geration which political writers seem to cultivate.
IncludlDK mlDor coin.
The i ncouraging feature brought out
Epite
I'
Ji
nature.
Mretary has been
acting,
he has been able to keep his inevitably to increase
same figure all
irough the year, and that he] has done it by adding
the amount in bank depositories but little more than 8
Thus on the first of July, 1886, the total
illion dollars.
)ld in sub-treasuries was 305^ million dollars, on the
:Bt of March, 1887, it was 309^ million dollars, and on
307^ million dollars. The latest
le first of July it was
formation from Washington indicates that the July
kjments are large and that the balance on the
Bt of August will most likely be considerably less
in it was on the first of the current month. Altogether
nrrency balance at very nearly the
»
Terefore, the outlook
is
Novertholess, any corruption
ately the least failure to
unexpectedly satisfaatory
;
for, as
is
check an
too
much and
;
evil of this
unfortun-
nature tends
Wholesale indictments against
campaign
against Chicago "boodlers," are well in their way.
So is
a
Now York Board
it.
of Aldermen, an organized
Mie annual house-cleaning of the slatternly housekeeper;
but daily neatness and order are better, just as constant
bad men
vigilance against the election of
to positions of
public trust, and a rigorous and uncompromising hostility
keep the tone of public
to every breach of trust, will alone
up
affairs
to
do
it,
possible.
The problem
to the standard.
but
how
to
make
is,
the task of doing
not only
it
how
as easy as
For experience shows that while the masses of
occasionally to energy and exertion,
men can be roused
they cannot be kept in a state of nervous political tension.
Consequently what is necessary is a system that will, so to
months and speak, run itself a system that will make it more worth
ily about 7 millions above the total in August
so that while for good men than for bad men to seek and hold office,
i has that resource for a plethoric Treasury left almost
and that will give to voters the choice which they do not
itouched, and every other device which was at his com- now always have among candidates
between several good
-land wholly unused, besides starting, as anticipated, with men, or between good and bad not, a.s now sometimes
^decrease in the balance the first of the coming mouth- happens, only between bad aud worse.
er such conditions there seems to be no reason for
In considering this question, it seems to us quite too
iixiety with regard to Government operations during little attention is paid by political philosophers to the matLet us see wliat is to be said on
ite current half-year.
Secretary Fairchild is evidently ter of public salaries.
lated,
the Secretary has only increased his funds in the
—
opository banks about 8 millions in twelve
;
—
-tie to prevent
any disturbance
to legitimate business.
either side of this question.
First, let us
hear those
who
one other feature of the Treasury movements think the compensation of public men for public services is
'urirg the year in which our readers will be interested. already great enough. It is undeniable that there is not
'
There
is
The silver dollar coinage and never will be any scarcity of men willing to take the
%T the twelve months has been about 3.'3|^ million dollars, offices for the salaries now paid. Nor is it entirely sure
•^ith the aid of the email silver certificates the Secre- that competent men may not be had for all places. Fur"kry has been able to get out not only all this coinage, thennore, wo shall be told that a general increase of pay
And it may bo
'^j(it nearly 23 million dollars more.
It thus appears that would increase the scramble for office.
Ta did not at all exaggerate the importance of the small contended, not without reason, that public salaries have
"iVe refer to the silver issues.
'
^jLver certificate
°1 passage.
measure, in referring to
The
total silver (including
it
Tfd minor coin) put afloat during the year
Iver in the
Treasury July
voriu the Treasury July
ne in
1,
1,
time of been from time to time increased without perceptibly
Finally
elevating the standard of the official ^«r«onne/.
as follows.
it may be urged that where salaries ore low men seek
at the
fractional silver
is
18S6
1887
$98,229,539
73,318,425
Treasury holdings in 12 months...
from July 1, '86, to July
,0 0/ sliver dollars
tal dollars and certttlcates pat afloat in
-onal sllrer and minor coin—
1, '87...
$22,^81,114
33,260,831
12 months.. $36,147,915
honor and not for the emoluments of
office, and that they are then apt to be taken from a higher
grade of society than in cases where the pay is so high that
any man can afford to make office-holding an occupation.
positions for the
deny the force of some of these assertions, brielly
much to be said on the other side.
tal silver and minor coin put alloat In 12 months
national. State or muni.
$60,379,552 In the first place the government
as
113 brings the total new supplies of silver
is incomparably the richest and most powerful,
since July cipal
can
it
such
^S6, up to 80^ million dollars.
If business con- it is also the most important, corporation. As
ges active thero is no reason why during the next year alTord to demand and pay for not merely competent men
I much more should not be absorbed by commerce.
The for its ofiBces, but for the ablest and strongest men in tha
ISO In
Treasury, $i,l-58,301: coinage, $2,043,303.
..
4,231,607
Not
to
outlined, thero is very
—
—
!
THE CHRONICLE.
40
mfenor to
cannot afford to have anything
proper
below
far
so
are
paid
Now the salaries
the best
broadly,
speaking
that,
talente,
highest
compensation for the
think of formally entering
very few first-class men ever
strongly urged to do so,
unless
it
enter
do
pubUc life, or
above
those cases wealth has put them
community.
It
right to decide
XL^
[Vot.
how much
own
their
services
«
are w<
but they should be allowed to fix the compensatio
For our part we deem it little less
their successors.
1
scandalous that the States of the America^ Union sb
be contented with so low a type of representatives as
;
be found in their legislative halls, and we do not beli
and generally in
there can be any substantial improvement until the (
Proof of this is not needed. Any
salary consideration.
New York pensation is made adequate to attract some men above
New York delegation to Congress, or most any
going third rate of self seeking politicians.
furnishes evidence enough without
Legislature,
The present system gives competition and causes
third
but it is almost wholly among second and
further.
NHW RAILROAD
scrambling,
rate men.
MILEAGE.
We
have frequently taken occasion of late to ref<
system.
Again, there are positive evils in the existing
extension of our railroad mileage now in prog
rapid
the
services
the
for
For the scale of pay is not only inadequate
the
effects this was having upon all branchi
and
to
States
most
in
is
it
rendered, but in the case of legislators,
The Railway Age of Chicago has
industry.
and
trade
condiThis
board.
frugal
barely sufficient to cover very
of the new mileage coastructe
statement
published
a
of
man
honest
an
of
reach
the
of
tion puts these places out
United
States in the first half of the current 3
the
men
of
class
a
to
tempting
is
office
the
small means, while
to which affords additional proof of the same conditions.
who never fail to disgrace any position they are chosen
According to the Age, a total of 3,754 miles of 1
men of little character and little scruple,
fill.
They are
not for the opportunity to serve the public,
They are the
but to get a livelihood out of the public.
the body
into
job
a
easy prey of the first man who brings
who
seek
office
they are connected,
indeed,
by 136 companies was
track
which have
just
in the early
under
laid
been brought to a
during the six
months new construction
difficulties,
that the half
is
mo
Considering
close.
always
carriec
year in question there
or the office with which
to pay for comprises the period least favorable for extending the
they do not go in quest of those who are willing
to road system, an addition of 3f thousand miles must
absurd
be
would
it
while
Now,
help.
votes and official
It cannot be said,
tainly be considered very large.
men
such
exclude
would
salaries
of
increase
say that an
ever, that it is greater than a close watch of current ai
it would, if the rate
that
doubt
no
be
can
there
office,
from
if,
1
of increase were large
impress the people
making such men
enough
to
have any
effect at all,
and
much
better class as candidates,
with
the ludicrous incongruity
both bring forward a
as
now
fill
;
We can
would
be.
The
total is n«
miles),
and
were unfavorable years for new railroad undertak
owing to the decline in stock values and the unsettle:
The Age thinks that the total new mil
of confidence.
for 1887 will reach at least 10,000 miles, which from pr
indications would appear a very conservative estii
Perhaps a great deal will depend upon the conditione
may develop during the next few months. Capital
same measure would result in more
It is little wonder ii a memcareful
ber of the Maine legislature who received, we believe, the
munificent sum of $150 for a session, is inattentive to his
duties and it is little wonder, either, if the work of the
is
it
whole year 1884 (3,825
the positions officers and
legislatures.
whole
suppose
miles greater than in the twelve months of 1885; butt
Incidentally the
legislature as a
to
as great as for the
of
legislators.
work by
had led one
hasty, crude
and inconsistent.
hardly suppose that any considerable number of
i
as venturesome
speculative
as
it
world
was, the recent disclosures
having
in
some measure
ir
unst
confidence.
However, so many companies have al:
definitely laid out new mileage for the next few mc
ishing man out of work is sometimes impelled to an act of and are actively engaged in its construction, that a
dishonesty to relieve his own hunger and that of his of 10,000 miles for the year would seem rather!
family.
Yet it may be urged, with very groat force, that than above the basis of probabilities.
men in public position are driven to steal or to accept
bribes because of the meagreness of their pay, as a fam-
when
the public puts a
man
into a position without pro-
It is natural in
view of this large amount of
rai
viding compensation sufficient to afford a reasonable sup- building, that fears should be entertained lest we
port, It puts before him a temptation which almost fore- fast, and thus sow the seeds for disaster later ci
Our people certainly do not want to previous eras of active construction have been fol
closes criticism.
a man because he is not by periods of reaction, in which enterprises of a sp
wealthy. There was a time in our history when the present tive nature and those in advance of the needs
system was in perfect keeping with our surroundings. time, were forced to the wall, resulting usually in
service
forbid legislative
to
That was a period of Arcadian simplicity, when the farmer spread disturbance, which it took some years to re
after he had put away his crops, finished his year's work, from.
It is argued therefore that we are now pavii
was always ready to answer the country's call and spend a way for another experience of this kind. Undoul
few weeks in perfecting its laws. Those surroundings there is danger that we may build new mileage in
have passed in most of the States, and it becomes important of the requirements of the present and the imm'
now to conform our customs to the change.
future.
Indeed in certain sections it is clear we
Yet "salary grabs" are very unpopular. We do not already gone beyond prudent limits. But admitting
however, believe that the .unpopularity results from the
fact that
salaries
are increased, but from the fact that
it is
well to bear in
in certain
mind
that
essential particulars
the present period
from
all
•
previous
men vote to raise their own salaries. In so doing they new construction, which feature at least greatly r
throw away all the benefit, in the shape of improved the liability to such a result.
service, which we should expect to be derived from giving
One of the main points of difference concerns the j
a more just compensation for public service.
It is the engaged in the work.
On former occasions most
men who are chosen already, and who are not up to the new mileage was undertaken by new or minor com]
standard of ability that is desired, however honest they having no previous experience,
and without
may
be,
reason,
if
who
for
first
no
receive
the highest pay.
other, legislatures should never
For
this character or credit.
Now the bulk of the
have the being done _by prominent corporations of large I
1
4W,T
THE CHRONICLK
1887.]
ft,
resources, ripe
exjwrience, ostablishod
An
earnings.
by a sUtoment
excellent
in the
illustration
Ago
credit
and
of this
is
41
We
have reference to the reduction in the r»te of
Instead of paying six and seven per cent interest
periods.
interest.
that of the 3,754 miles
on their new obligation«, railroads now are paying only four
and five per cent, involving a saving of 2 per cent per
uted by seven companies, namely the Atchison, the annum.
Not one of the seven companies mentioned above
ri Pacific, tlie Manitoba, the Rock
Island, the St. is borrowbg money at above 5 per cent, and the Burling-
ied
,n
track laid in the half year, over 2,060 niiloa were
& Quincy, and the Southern Pacific- ton & Quincy and the Manitoba arc paying only 4 per cent
be said that while in previous eras most Obviously, it is eaaier to make a road earn 4 and 5 per cent
mileage was on independent ventures, that is on its obligations than to earn 6 and 7 per cent. In brief,
( the new
•HS undertaken on ita own account, now it is being built then, we have a lighter burden both by reason of lower
f branches or feeders of existing systems. The import. interest rates and a capitalization closer to cost, and perhaps
the Burlington
]
further to
is
of this difference will
— hence
st
r
getting
operated on
if
into
difficulties.
road
self-sustaining
also
an actual reduction
new
in the cost of building
road,
while at the same time a large share of the new mileage
own account is in danger under the sheltering wing of
Where the road however is and great resources.
its
an existing system, the case
as part of
<>erated
A
be readily understood.
new country can not always be made
is
corporations of large earnings
is differ-
There the old line makes a large profit in the long
^lul it usually gets on traffic to and from the new road.
fence if the now road does not pay of itself, it adds to
ft.
revenues of the old mileage, which of course makes
leasier to bear any loss arising from the direct operation
FRANCE AND RETRENCHMENT.
It
vas
in circumstances of
pecuUar
difficulty that at the
M. Rouvier undertook the responIt was with difficulty he
sibility of forming a cabinet
the road.
succeeded in gathering around him a sufficient number of
With so large a proportion of the total mileage con- competent men, willing to share with him the burdens of
^
buted by the seven companies above, it is not surprising government And when the cabinet was completed, and
tt the States and territories traversed by these systems the responsibility of administration was fully assumed*
9 the ones which show the largest amount of track laid
the fear of friends and the hope of enemies alike pointed
Thus in Kansas there has been an addi- to the possibility of an early fall.
the half-year.
in of 692 miles, in Texas 489 miles, in the Indian TerriIt was mainly on account of the demand for retrench^
433 miles, in Nebraska 331 miles, and in Dakota 304 ment that the previous administration that of M. Goblet
te
beginning of June
last
'
'
—was
—
and compelled to resign. When the
rritories is
2,249 miles, while the aggregate for the Goblet administration fell, M. Rouvier was not one of
'tire country, as already said, is 3,754 miles.
And this those immediately thought of as likely to be called upon
Circumstances, however,
fords a striking commentary upon the activity of rail- to assume the reins of power.
constniction in that section of the country.
It is in brought him to the front, and he had the courage to do
"ame section too that new construction is still being two difficult things to dispense with the services of
\i on with especial vigor, and new projects and General Boulanger, deemed by many indispensable, and
i.tensions most numerous.
It would seem therefore as if to pledge himself and his colleagues to reduce the expanses
The
-
total
new mileage
these
in
five
States
and
outvoted
—
i that part of the country
^rtainly the
it
were time
movement can not go much
to
call a halt-
further without
loducing such an antagonism of interests as would prove
wy harmful. In the meantime, the fact that the work is
"liing
prosecuted tmder the care of the larger and
]^)minent companies
leasure of
It
I'
its
must
relieve
more
the situation in great
better able to bear
new
any
loss
M. Rouvier has proved himself
to
be a
much
stronger
than either his friends or his enemies were prepared
So far he has conducted the affairs
to find him on trial.
He
of the Government with equal firmness and wisdom.
man
has accomplished the very
difficult two-fold task
—that
of
giving no real cause of offense to the more popular ele«
embarrassing features.
should be remembered that not only are these com-
t'inies
of the government.
resulting from the con-
ment
in
French
society,
requirement of the more
and that of conforming to the
considerate and conservative class.
M. Rouvier, when he accepted office, promised to retrench
on a much more moder. to the extent of 60,000,000 francs. In these columns we
Ne and modest basis.
In former periods capitalization questioned at the time whether such a figure would be
as altogether out of proportion to cost.
The stock sufficient to satisfy the party of retrenchment a party
wonted in most cases
no outlay whatever, while which demanded radical changes, and whoje object was to
miction of the
•
lines
than minor unknown companies
'ould be, but the capitalization
is
—
'
were meet the expenses of the year without imposing upon the
people any additional burdens in the shape of taxation.
uch greater aggregate than the actual amount of the We said also that much would depend upon the good
'sh paid, it was sought of course to make the purchase sense of the deputies, inasmuch as time and freedom from
iolc more tempting.
Now where the larger companies are any unnecessary irritation would be needed by the Govern.
jiing the work the determination is to keep the cost in
ment if they would introduca any measure, wdlconsidered
obligatory
the
interest-bearing
excess of cost.
.y in
<W stocks
By giving
and bonds down
mies are issuing no stock at
to a
all
obligations
securities to a very
Many com- and likely to prove satisfactory. The result is gratifying
M. Rjuvier, after only about a
new mileage, beyond expectation.
on their new con- month's deliberation not by any means too long in the
minimum.
against their
—
'"'some others which are carrying
ion work under separate organizations keep the whole premises
ha? prepared a budget by which he proposes to
expenditure and
between
;r
part of the stock of the new roads in their own establish
an equilibrium
""•.ries.
The result is that probably never before was receipts, by retrenching to the extent of 129,000,000
which he originally prom*
lization of new mileage so close to actual cost as at francs, about double that
it.
he proposes to make up by
This figure
It follows that the burden of charges is corre. ised.
—
.
ijvii.lingly light.
But the burden of charges has been diminished in still
'aother way, and this is perhaps the most important par.
cular in
which the present period
differs
from
all
former
retrenching in the ordinary budget to the extent of
69,000,000 francs and on the extra budget to the extent
The eqialization of receipU and exof 60,000,000 francs.
p»nditures does away, of course, with the necessity of any
—
.
.
[Vou XLV.
THE CHRONICLE.
42
junbSO,
money by means
there is to be no
MAT
1SS7.
of
.dditionftl taxation or of the raising
of a loan
and hence we are
;
to'.d
that
Premier's plans
new loan nor any fresh taxation. If the
the personal
and
Are accepted, the proposed tax on alcohol,
will both be
property tax pressed by the late government,
abandoned.
Such a budget ought to
commend
more
to the
iteelf
31, 1887.
UabiUUes.
and
UaiMMts.
Goi.I>—€oln
Bullion
192,368,910
85,732,190
192.461,995
b.'), 106,755
(Asset) 278,101.106
2'77,62«.750
Total Bold
Assets
Assets
and
12:1,1)62.3,35
121.4-6,817
30.261,380
Certificates iBsiied. ..
Certiflcates on hand.
32,101,358
90,960.977
91,225,437
Certlflc'a. net.iLiabiUty)
Balancet,
186,667,77;
186,875,669
Net gold in treasury.
Chambers and throughout SrLVEK— DoUars.stand'rd 211,483,9^0
3,982,473
Bullion
the more
It should commend itself also to
France.
(Asset) 215.460,443
Total silver
1J5.543,150
Government
Certiflcates issued
3,42.5,l:i3
popular and aggressive element, because the
Certmcates on hand.
conservative element in the
..
matter of
has not gone contrary to their wishes in the
fate is,
its
be
What will
the mobilization of the army.
When
of course, as yet uncertain.
the Goblet administra-
—
Certiflc's. net.(Lla6tUti;)
Net U.S.notes in treas.
coming
management
in the
and
instruction,
public
of
matter
Exposition, in the
Mconnected with the public offices. How far
Trade dollars redeemed..
was under
tion
trial,
of railroads, in connection with the
expenses
Rouvier has taken advantage of these suggestions, we have
If he has taken advantage
yet no means of knowing.
made use of
of the BDggestions then offered, and
u
pruning-knife
the
enough
natural
it
wounded
the
that
suppose
to
indicated,
directions
the
in
is
will
howl, and that to the extent of their ability they will
oppose the measure of the Government. It is to be
botne in mind, however, in this connection, that the work
of reform has been forced upon the Government by the
and by the persevering and
The presumpof patriotic statesmen.
able to show
shall
be
that if M. Rouvier
of the country,
necessities
persistent
efforts
tion, therefore, is
that his retrenchments will not weaken, or in any serious
way
impair, the
efficiency
Government machine,
and that
the Chambers
of the
—
he will have the support of
though the budget may be modified,
not
will
it
be
view of the situation
prove to be correct,
shall
be a source of great gratification to
who have
the welfare of France at heart.
many
people
It will
show
France is sound, and that intelligence
and common sense have sway among all ranks and classes
Extravagance of every kind is what
of the people.
France has to avoid; and, no matter what the temptation,
be with her in proportion as she exhibits
self-restraint and self-denial.
Her resources
will
firmness,
are
immense';
within
It
the
and
memory
on
of
judiciously carried
will
more
living
one
occasion
she has
revealed
than
men
Interest due, unpaid
Accrued Interest
2,103.256
1,763,667
•,626,111
7,»Srt,630
6,541.'395
!,115,1''5
Matured debt
Inter't on matured debt
Called bVs not matur'd
an 1 balance of int
Debt bearing no interest
Int. on Pac. RH. bonds
190,754
196,108
),716,500
19,766,061
2,064
2,366
33,120
33,690
KR. b'ds
1,93s,'; 05
1,0I.5,58H
Debt and int. (LiablUty)
Fract'l cur'cy redeemed
Int.ch'cks & coupons p'd
38,376,388
2,308
5,301,031
38,'il4,69a
Debt and inter'st.(^8s*(l
5,363,39';
due, unpaid
Acod int., Pac.
2,084
46,79^
18,862
88,165,83
33,012,991
D'bt&int.net(I.i«(»i!itl/)
Res'veforred. U.S.notes. 100,000,000
Fund held for redemp. of
07,909,054
notes of Nat. Banks
Fund held for rodemp. of
83,864
Nat. gold bank notes...
Five p. c, f 'nd for redemp,
8,113,335
of Nat. Bank notes
ibo.ooc'wio
Redemp.res'r.(Liabi.'' (v) 206,106,283
,978,707
—
Nat. Bank notes in process of redQmp... (Asset)
101,681,391
85,231
8,209,082
2,165,589
,552,069
Net res'rves.(Xii«bt/tti/)
806,426,685 J
£03,010,714
Post Ofhce dep't account.
Disburs'g Office rs'bai'ces.
Undistrib'd ass'ts of fail'd
National banks...
Currency and minor coin
0,571,784
21,905,5S»
»,S89,552
1,094,358
788,182
720,: 61
720
redemption account
Fractional silver coin
deraption account
1,:
re.
1,405
Treasurer's transf'rch'ks
and drafts outstandinpt
Treasurer U. 8., aKent for
paying int. on D.Coi.bds
Total
(LiabiUtv)
IntNon D.Coi.bds pd (Asset)
Net
Balances
.
4,900
give the
out,
country
strength,
because
—
42,847,60!
!iSri440io?3
40,S53,369
23.931,691
116,699
28,977,494
143,571
27,064,718
—
(Asset)
Assets not available-
Minor coin
....
Subsidiary sUver coin
Aggregate net Asset
51.lfl0.00:
THE DEBT STA TEMENT FOR JUNE,
Character of
Intw't
Issnt.
P'y'ble
and
we are not unwilling to admit that in this bold measure of
M. Rouvier we discover signs which give us hope for a
more stable state of things in France, and for the restora.
tion of confidence in and towards that country.
it
success
Amount
Re^tered.
Outstandiiig.
Coupon.
Int. Tyue
Accrued
^Unpaid.
Interest.
%
88
1«8
19.718.600
19,716,600
7,061
Q.-M.
206,832.650
250,000,000
737,800,600
176.2-0
589.568
937,500
1,100,963
7.378,006
1891.
Q.-J.
Q.-J.
Ss, pension ... J.&J.
Paciao RRb... J.&J.
1907.
4s
• 2,362,000
1,
13,167.860
822,020,650 115,779,950
11,000,000
•61,623,512
•84,623.512
913.193.31 2 168.917 .30
matures Jah.
14,320,000 Feb.
Jan.
%
Option. Q.-F.
Aggregate.
we cannot but wish
1887.
INTBRBST-BBARINO DEBT.
has been made in recent years to establish an equilibrium
not by increasing the burdens of the people, but by cutexpenses,
56,815
42,866.979
0,H74
32,554,129
expenditure ever increasing and the receipts ever diminAs this is the first really vigorous effort which
down
805,120
3?,556,324
2,195
269,507,834
Is ref dg.certfs.
ishing.
121,739
5,667,071
(LlabUitv)
Net balance
will
it
616,336
2,366,943
.(liiability)
Economy, wisely
can have but one result.
give France full command of herself. Of all the
nations of Europe France bas least need to be in the condition in which she has been for some years past
with an
ting
I
311,391,71
310,361,203
Balances. ...(Asset)
Public Debt and Int.—
her extraordinarily recuperative power.
and
21,76'
6,8 il,
375,
22,80»,
20,013,797
6,984,968
197,046
22,991,30s
National Bank notes
Deposits In Nat. Banks..
that the heart of
wisdom
8,770,000
account
If this
will
30,757,376
9.40O.O0O
410,000
9,080,000
310,000
Redemption and exch'ge
rejected.
it
73,157,591
73,848,426
28,7S3.70-
on hand..
Certiflcates
in the
retrenchment was suggested
139,143,328
Certiac's, net.(LiaT>aUy) 142,118,01'
Net silver in treas'y
C. States notes. ..(Asset)
Certiilcates issued
1,
1,086. 315, 862
98,862
1,752
56,080
810,000
83,119
1,938,705
1 .788 .786 10,564 .816
16. 1895 |640,000 Nov. 1. 1895 »3,680,000 Jan. 1. 1896
1896 10,712,000 Jan. 1, 1897 »29,904,952 Jan. 1, 1898 114,004,560
;
;
;
!
;
1899.
;
DEBT ON WHICH INTEIIKST HAS CBASBD SINCE MATURITY.
Aggregate of debt on which Interest has ceased since maturity is 16,115.185;
Interest due and unpaid thereon, $190,753. This debt consists of a number of
small Items of which the principal amounts are called bonds, the largest
Items being »4,063,650 called 3 per cents of the loan of July, 1882, and $373,750
called consol 63 of 1867.
DEBT BEAKINQ NO INTEREST.
.Amount.
UNITED STATES TREASURY STATEMENT.
The following statement for June, from the office of
the Treasurer, was issued this week. It is based upon
the actual
returns from Assistant Treasurers, depositaries and
superintendent) of mints and assay offices, and shows the
condition of
the Un ted States Treisury Juae 30
we give the figures
/or May 31 for comiarijon :
;
Olddemand notes
Legal-tender notes
Certificates of deposit
Less amount held in Treasurer's cash
$57,130
316,681,01«
9,080,000
310.000—
8,770,000
Gold certificates
Less amount held in Treasurer's cash
121,486,817
30.261,380—
91,225,437
Stiver certiflcates
115,543,150
3,42.1,133-
142,118,017,
Less amount held la Treasurer's cash
Fractional currency
Less amount estimated as lost or destroyed..
Aggregate of debt bearing no Interest.
16,3'22,b08
8,376,931—
8,91('.
|695,-9>.
'
'
•
—
JCLY
.
.
THE CHRONICLR
9, 1887.1
BEOAPITULATION.
Principal.
E
XnCarvat.
Tbtai.
irMt-bearlnK <l«bt-
«M,ooa,o«o
«M»
7S7.80O.00O
t»,71«,900
RafnndlnK cortiacat«i, 4i..
178,830
Marr Penilun fund, Sa.. ... 14.000.000
Psoiao RR. bunda, 6 p. ot.
Hbt on which tnt. haa oeaaed
)ebt bpiirlnfc no tntereat
(>M (U-mand notes
I.".;:i'.
onder notea. fto
c.'rdrNares of depoatU
.
04,«i3,6i>-i,OM.ais,sea U.8B1.80.1 l,0«8,«67.4flS
a,ii&,ies
1«0,733
a.809,910
!
(.o
SCv.';
6eS,788.SM
Total debt
I3.M9.3S7 .700.ni.M9
cash Items arallable (or radnctlon o( the debt.
.
4Wa reaerre held for redemption of U. S.notea
.
.$280,189,843
100,000,000 I880.489.84S
Total debt, leaa arallable caah Itema
ca.<»h In the Trenaiiry
cash In the Treasury, July
casb in the Treasury, June
>ebt. less
4Oi8U.880
1.
1887.
1,
1887..
l.«79,4S8,T?7
1.290,281,483
)ecrea«e of debt durlns the month
naaeof debt ainoe June SO. I881I
18,85Z,72S
109,707,640
WEEKLY RAILROAD EARNINGS.
For the fourth week of June earnings on forty-four roads
how an increase of $434,533, or 13-45 per cent. Ten of the
oads report a decrease.
4fA veek oj June,
inffalo
A
X. Y.
1987.
$
Plill»
..
mfflUo Roob. db PittSD.
Walro VluceiinoR Sl Clilc
^allfonita Southern
Atlantic
* Kn8t. lUluois
Mil. & St. PaiU..
».V
11^0
ii;o
West Mich
liio Aiiiuiiti
Ham. * Day..
A
Ind. St. L.
Chio ...
HicitjDHti Wjish.
Bait..
.'ol.
tin. .Midland...
Jeiiver
Rio Uraude
&
A
&
Lmsing ANorthein.
)et.
A
Jvausville
'linl
&
I'ere
nd. Bluoin.
& Weetcm..
A
X)ui3T. EvansT.
St. L..
vouisvlllc
NasliTlUe
>ouisville N. Alb.
Clue.
A
A
/lexican Central
ililwaukPc L. 8. A West..
liiiwaukee ANorthern...
!mie.-*ota
fl
Northweatei n.
Y. Ontario A Western.
Norfolk A WeKtcru
Joi tliem Pacltic
^eoria Dec. A ET»nsville.
It. Jos. A Grand Island..
5t. I.. Alt. AT. H. (M. L.)
Louis Ark.
n.
I.0U1.S
Paul
A Lake
21."i,900
31,458
20,721
31,f-01
22,0.^8
73,li97
60,685
43.951
39,923
73,963
16.022
350,762
44,883
79,586
76,245
14,913
13,.572
3,834,697
3,410.165
Erie...
1-',197
iViscousin Ceutriil
Minn. St. Croix A Wis..
Wisconsin A Itllnnesuta.
Total (41 roads)
^et increase (12-45 p. ct)
12,9 :<3
63,6H5
12.925
25,520
A Texas...
A San Fran
A
Vheelirif;
2S.3:<6
293,000
36.802
32,965
659,324
32.834
67,467
59.267
44.357
9.722
170,888
18.930
61,193
147,392
47,644
13,044
21,0(6
177,000
DulutU
Col. Ann Arlior A No.Mlch
Poledo A Ohio Central ...
rVaba>h Western
it.
11.933
3;),376,
Branches
it.
68.400
42.390
53.6T5
375,696
19.290
18,785
27,577
18,331
37,870
12 ,367
47,387
9,058
18,439
122,000
1«,341
76,802
15,140
6,435
>'.
Jnertate.
Dtertatt.
S
14.ii6.'S
47,010
51,398
82.484
19,454
396,715
59.929
115,095
104,227
20.666
42.068
43,384
70.403
335.011
18,352
17,660
Erie A Western
Island
^a k p
joiyj;
Terre H
Maniuerte..
1886.
70,000
93,423
26.116
302.000
61.481
40,973
631,000
31.4S2
80,410
63,230
49,043
7,490
^ii.idlan Piieiflo
a.f^o
;
1
2.500
27,087
2,132
13.183
9,000
24,679
8,008
28,324
1,352
12,973
3.P63
4,686
2,232
45,012
343
1,337
22,612
3,959
11,475
8,521
4,432
45,953
15,016
35.509
27.982
5,753
28,49o
%
994
16,728
40,685
928
1,125
2,799
599
23,323
26,025
2.57
3,986
2.567
have been reduced £1,143,313.
Tenders for £1,500,000 Treasury bills have been received by
tho Bank of England,"and the whole amount was allotte<l in
three months' bills at an average of £1 Os. 3d. per cent, tenders at
£99 14s. 5d. receiving about 40 per cent, and above in f uU. On
the 1st of July applications "will be received for a further sum.
of £3,000,000. The sum maturing on that date is £1,175,000—
£295,000 having been placed
six months' bills in January
last, at an average of £3 6s. 5-75d., and £880,000 in May last in
tliree months' bills at an average of 18s. per cent.
The rates for money have been as follows:
m
Optn marfcat
toriepoiUttt
13,107
2,215
BankBUU.
19,085
516,180
424,532
91,619
London, Saturday, June
35, 1887.
have been the prominent feature of
hi
past week. The heartiness with which they have been
'!• K..cuted and sustained speaks volumes
for the stability of
Tlie jubilee festivities
and whilst, for the moment at least,
has suffered, the unanimous endorsement of good
i.shes from all parts of the Empire shows a degree of conflin the future which should be productive of happy
;
rioss
I
'
(^
commercially and financially. To attempt to draw a
between the commercial position now and fifty years
hardly a fair proceeduig. In this interval science has
Made enormous strides. Steam navigation has brought Ausi.ralia to within five weeks and Now York within eight days
>f London.
More important still has been the sharp develop.
neiit of the railway system, both at home and abroad.
Dis- formerly inaccessible and unproductive have been made
;ild up their quota of agricultural or mineral wealth.
Its,
Uel
i.s
.
Intaraat alleua*
rat«j.
1,8-56
[From our own correspondent.]
I'
%
e5,0i;0
p^ottietatijgaromm^KjciaXgnfilisTtl^jems
.V
to the dis-
deposits
Maj
••
ing institutions
much more general,
In fact, the tendency is to secure an
e(iua]ization, whether of money or commodities, with the
result that trade is more evenly distributed and busineM
relations with all parts more complex.
The greater the
intricacies of foreign trade, the stronger are the probabilities
of the maintenance of peace and if the world has prog^ressed
BO rapidly during the past fifty years, during which some
serious and momentous wars have been wage<l, it Ix-comes a
source of wonder to estimate the possible progress during the
next fifty years, supposing that peace between the leading
nations of the world be maintained.
But whilst business during the week has been restricted,
there have been firm markets for iron and steel, as well as
wool, though cotton has at times been flat. Stock Exchange
speculative operations liave been of an unimportant character.
We have had a firmer money market, which has, however,
still been deficient in animation.
The Oerman demand for
gold has sufficiently developed to necessitate the withdrawal
of £350,000 from the Bank of England for that destination,
and the market has in consequence hardened a little. The
usual inquiry for money at the close of the half-year is also
beginning to be felt, but then the dividends will soon be distributed and their absorption will be necessary before a permanent hardening of values can be possible. For short loans
the charge is
to
per cent, and for discounting three
months' bills 1 to \% per cent. The weekly Bank of England
return shows some loss of strength. The reserve has declined
£2.55,066, and the proportion to liabilities, which last week
stood at 48-15 per cent, is now 47-51 per cent. There is a deficiency in bullion of £399,941, of which £38,000 went abroad.
Public deposits have been swollen by £1,068,864, but private
bills.
;
fet
>«bt. less
quarters is now easily attainable, thanks to electricity and
steam hence the "cornering" of any loading staple of consumption has been rendered immeasurably more dinicuU, and,
as we have lately seen, very dangerous to those att<'nipting it.
Again, we have the settlement of claims and dilTerences by
placement of
oortlOcatoa
KracUonal oarreDoj
••as
Instantaneous communication between tho leading oentrm of
the old and new worlds \n now an occomplUhod fact, and
even the most remote corners of tho universe are not unapproachable. Conditions have been altogether altered. Tlio
rapid adjustment of the excess and deficiency of dUTercnt
telegraphic transfers IxKioming
ci'rtlflcatoa
.1
48
June
20
87
"
3. 3
10 2
17 2
•
24)2
"
Joint
Stock
Thru
row
Month)
Jtfontlu
1
a
'
At 7
Four
Six
MonthB Month* Month. Month* Bank: OaU.
m» - w*
«31 \%%
TMl
1
aiM IMS
1
IH» •
lM*i)<
IMA
-;i««2
l?«»3
IH9 -|1«»2
l«a - 1)4«2
i«« -|i«a3
1«« -1X08
IH»IH 1H<2
m<»2
& AbeU write
Messrs. Pixley
1^32
IK»2
1M«2
to
14
lMa2i4
Ml
Ml
i«a3i<
1M«2)4
lJi(»2«
as follows
on the
state of tho
bullion market.
Gold.— The movements at the Bank of England durlnit the week are
£14,000 purchased and *-250,(iO0 sold f.)r export to Germany. There
has been a strjng demand, and all auionnts olTerinif have been sent to
Gormany. The arrivals are £ -14,000 from Clilua, *-Z,-iO0 from Australia, £!i,000 frjni India and £1.200 from the Cape; toial, £96.0)0.
Silver has scarcely moved. ai;d has been off. rinK I" but email ii'iantltles.
Today's ^notations la J4ii.d., the rise of "ed. belne due to soarcity.
«21, 000 have been received from New York and £ll,0O0 from
Buenos Ayrcs. *37,5C0 have been slitpped to Bombay pi^r Pe«haw«r.
Mexican Dollars have been quite Inautlre, and the nearest qaoiatl..n
Is 43d.
The quotations
for bullion are reported as follows:
BILVBR.
GOLD.
UMion Standard. June
a.
Bar gold. One.. .01.
Bar gold, oontaln'g
20 dvta. allrer.oa.
4pan. doubloona.oa.
l.Am.doubloona.oa.
77
23.
JUM
*.
a.
9
77
1«.
landon Standard,
9
.;iina23.
d.
4.
BarallTir
ot.
41 1-10
JUIM
18.
«.
41
Bar allTer.oontaln77 10
77 10
••
•-•
Ing 5 gra, gold.os.
44 7.18
Oak* allTar
o*. 47H
Maztoan doU...a«. 4S
44H
47 ;-!•
48
—
The new
capital creations for the
week
''«""'•
. . . . .
•Alunjlnlum
1
Company
(Limited),
£5
—
i
:
im'ono
t^n'flnn
J^"'J^"){
'''JXX'XJiX
500,000
^^j^j
^j^j
pref.
^^^
^^i'nno
ao'nnn
8P,ooo
&
Son are authorized to receive appliMessrs. C. J. Hambro
loan for
cations for £1,900,000 of a Greek 4 per cent monopoly
The
Continent.
for
the
reserved
being
balance
the
£5,400,000,
secured by
iBBue price is 1S}4 per cent. "The loan is specially
—
the income from various monopolies petroleum, salt, &c.
which will be collected by a company.
Berlin advices report that an Imperial order has been signed
for the issue of a 3>^ per cent loan for a total of 338,004,970
marks, the proceeds to be employed in covering the expenses
connected with the incorporation of Hamburg and Bremen with
German Customs union, the construction of the canal connecting the North Sea and the Baltic, the completion of the railway net work in the interests of the national defense, and the
administration of the army and navy.
Business throughout the week has been quiet. Jubilee markets have prevailed, and dealings have not been allowed to go
beyond the limit of actual requirements. Buyers of wheat
have again had the advantage, but the weakness was more
pronounced earlier in the week than at the close, the trade
here reflecting the movements in America. The fall for the
week is about 6d. to Is. per quarter. The actual extent of
dealings here since the collapse of the "bull" speculation in
Americas, has been far from liberal. The average price of
home-grown wheat for the season is still 2s. 3d. per quarter in
excess of 1885-86, being now 33s. lid., against 30s. 8d. per
quarter, and as, in the face of a disorganized American trade
and fine weather for the crops, there has been no eager desire
here to realize, it may be presumed that the market possesses
sufficient inherent firmness to guarantee a fairly prolonged continuance of steadiness. For the first week of the current
year the average price of home-grown wheat was 35s. per
qiiarter.
Since then it has been as high as 36s. 4d. and as low
as 32s. 6d. per quarter. For the week ended June 18 it was
85s. Id. per quarter.
It will be seen that the variation has
not been important, nor are any great changes in the immediate future likely, although continued fine weather may
assist the development of weakness.
Mr. J. E. Beerbohm sums up the reports of the wheat crop
in India as follows:
yyr
5^*"J,''—
M.
W. Provinces and
Oude
,•
Central Provinces
5»"5ay
"•"^
Total
1887.
1886.
Totu.
Toils.
1,650,000
1,732,050
7€0,000
700.000
133,000
1.82^,000
1,847 400
857,753
115,502
950,000
884,000
102,000
4,975,0t0
5,447,055
6,893,000
1885.
Tons.
2,857,000
2,100,000
801400
The foUowing shows the imports of
Umted Kingdom
cereal produce into the
during the forty-two weeks of the season
the sales of home-grown produce, &c.,
compared with last
season:
IKPOBTg.
1885-86.
1884-85.
1883-84.
^H»5:l'^„
.ewt. 41,380,508
39.064,719 43,757,848 40,825,634
IM^S'ii? 9.118,840 14.335 299 13.069,683
10253963 9,759,385
H-?;Q-aSJ
?'f2i'2l^
'.,620.764
1,676,044
S'i'?-?*"
1,496,281
„|.084,864
2.682,024
2 772 505
2,179,665
?-H?^-58» 23,640,187 21665 038 21,775,019
o»u
••«•.
Bean*
bdtaneora..,
13,917,475
11,486.561
14,050,222
12,337,904
Supplies available for consumption
(exclusive of stocks on
oeptember
1):
1886-87.
1885-86.
tm../»^..
V .
1884-85.
1883-84.
WOTta of wheat.owt.4
1 .380.508
39,084,719 43,757.848
unortoof flonr
13.717.475 11.486,561 14,Ci50,222 40,825,634
12,337,904
BMM 01 home-grown. .28,700,394
36,695,551
XOUl.
88,998,377
87,148.831
1886-87.
Aver, price wheat..
85,663,395
35,777,271
93,471,466
88,940,809
1885-86.
Aver;pHiiwee«;;::.ii;r?.|l^u'i- Ut. at'
1884-85.
338.
33s.
2d.
2d.
The foUowing shows the
quantities of wheat,
£aize afloat to the United
Kingdom:
,..„
J'"»»t
""•
noxir.eqaaltoqra.
««,
^-ao^-SSS
202.000
349,000
l-7*^
205.000
asslooo
2,107.M0
261000
Mslooo
1883-84.
378. Od.
38s. 9dflour
and
1883.
2,28.^.000
232.000
327,000
Mon.
Sat.
d.
per oz
Cjnsois for money
Oonaols for account
Silver,
Thurs.
Wed.
T««».
Fri.
1
44I16
4378
4378
44
44li7!
lOlTie 1017], 1017,8 1019,R
IOII9 1019,8 101»,B 101=8 10111,°'
81-1712 8l-22»9 8I-4213 8l-37is •<l-27is
UZia 11238 111% 111%
112Ja
131% 131% 13138 131>4 131
6318
6213
6358
62%
62%
9238
9218
go's
89%
901s
3338
3338
32ifl
32
321a
4378
lOHn
101 >«
Fr'oh rentes (in Paris) Ir 81-30
11214
a. 8. 4H18 of 1891
131%
a. B. 4s of 1907
6358
Canadian Paoiflo
92^8
Paul....
Mil.
&
St.
Ohio.
3338
Grle, common stock...
127
...
Central
[lllnols
58=4
Pennsylvania
Philadelphia & Beading 2918
1145r
New 7ork Central
127
127
127
68I4
297a
5814
2918
114=8
127
58
5778
291s
11419
1114%
127
58
29 18
29ie
II414
II418
—
GrOVERNMENT REVENUE. Through the courtesy of the Secretary of the Treasury, we are enabled to place before our
readers to-day the details of Government receipts for the
month of June. From previous returns we obtain the
figures for previous months, and in that manner complete the
statement for the fiscal years 1886-87 and 1835-86.
1885-86.
000< Omitted.
OlM-
Oan- Jnter'l
Tbta!.
UiVM. NReu'tw Sources
»
t
t
2,258
t
t
17,899
August
20,771
9,698
1,726
29,837
32,195
September.
October
20,086
17,179
15,141
16,332
16,968
0,160
9,77a
2,141
31,687
4,014
9,689
2,746
9,544
2,717
8,671
2,867
8,24.3
2,657
30,965
27,576
28,823
27,906
29.774
84,358
01,755
33,834
33,071
November.
December
.
January....
February.
9,480
18,874
20,644
9,366
4,459
10,156
14,380
8.5U
May
18,082
16,548
June
18,982
10,676
.
March
April
Total 12 months. 217.404 119,136
2,899
3,413
loUA
'
B€v*ue Sowc'a
toms.
Jnly
*
16,219
i
8,501
t
2,047
26,761
17,390
17,521
9,071
1,704
28,065
10,448
2,001
29,971
17,318
11,953
1,564
30,833
18,057
9,2S0|
3,074
23,381
14,426
9,803
7,903
1,729
25,758
2,639
24.952
8,271
1,631
25,972
9,505
9,500
12,390
10,407
2,906
31,3la
1,413
26,871
1,948
88,047
4,170
3-3,511
14,410
16,170
18,901
15,953
13,709
17,934
34.841 871,381 192,005 118,806
28.720 336,440
Changes in Legal Tenders and National Bank Notes to
1, — The Comptroller of
the Currency has furnished
us the following, showing the amounts of national bank notes
June 1, together with the amounts outstanding July 1,
July
and the increase or decrease during the month; also the changes
in legal tenders held for the redemption of bank notes up to
July 1
National Bank Notes—
Amount out8t.andin.^ June 1, 1887..
$282,101,177
Amount issued during June
$1,657,890
Amount retired during June
3,137,42S'
4,795,313
Amount outstanding July
1,
1887*
$278,963,751
Legal Tender Notes—
Amount on
deposit to redeem national
notes June I, 1887
hank
$102,792,151
Amount deposited during June
Amount re-issued & h'nk notes retlr'd In J'ne
$9,308,290
4,761,034
4,542,256
Amount on
deposit to redeem national hank
notes July 1, 1887
$107,334,41!
Circulation of national gold banka, not Included above, $254,034.
*
According to the above, the amount of legal tenders on
deposit July 1 with the Treasurer of the United States to re
deem national bank notes was $107,334,413. The portion of thii
deposit made (1) by banks becoming insolvent, (3) by banki
going into voluntary liquidation, and (3) by banks reducing 01
retiring then: circulation, was as follows on the first of each ol
the last five months:
Deposits
by- March 1.
Insolv't bks.
—
Wfteat
Barley
London.
r,lrt'B7o
To acquire existing business.
.
1
XLV.
[Vol.
7,'o(ij
li'aoci
sliares... .....---..
Manlt<.ba Mongago'&' VnveBtment c6.'"(Limited.), dVo
--•.•••"
shares
•A. C. W. Hobman die Co. (Limited), £5 shares........
Argenttoe (Oerro VaU«) Gold Fields (Limited), £ 1 shares
1
:
. -
(j per cent delientures
do
do
do
....
South BtaflordslilrP Mhipo, Drnfnage, 1% p. c. debentures
Qreek4 per eeut Monopoly Loan
Australian Town & County land Mort. Co. (Urn. ). £5 shares.
•Oyniple Great Eastern Odd Mining Co. (Urn.), Queensland,
"•IM
.
Ensllalb Flnaaclal marKeta— Per Cable.
daily closing quotations for securities, &c., at LondottThe
£9ToSo
ifio'o"0 are reported by cable as follows for the week ending July 8
are as follows
Dorc A Clialnlej- Kallway, £10 shares guar
.
Opal Mines of Qufpuslanrt (Uiuited), £1 thares.
debentares
City of Praliran (part of Mclbouine), 5 p. c.
debentures
».roi.gli of Ha^tiiiKB (New Zealand). 5 p. o,
*©••»,
...
TBE CHRONICLE.
44
•
:
912,767
April 1
Uayl.
898,658
June
785,360
July
1.
812,256
775,921
8,289,77!
Liquid'K bks. 8,953,061 8,996,171 8,809,226 8,582,620
Red'c'g undr
act of '74.' 87,898,128 91,950,116 94,120,719 93,397,281
Total
*
1.
98,268,7H
97.763,956 101844945 103715305 102792157 107,334,413
Act of June 20, 1874, and July 12, 1882,
Bonds Held by National Banks.—The following
mterert
ing statement, furnished by the Comptroller of the Currency
shows the amount of each class of bonds held against nationa
bank circulation and to secure public moneys in national ban!
depositories on July 1.
gave the statement for June
in Chronicle of June 4, page 700, and by referring to thai
the changes made during the month can be seen.
We
U. 8.
Description of Bonds.
38, Act July 12, 1882...
Currency 68
lijper cents
4 per cents
Total.
Bonds Held July
1,
1887,
to
Secure—
Public Deposits
in Banks.
Oireulation.
$1,308,000
175,000
9,434,000
15,568.500
$5,205,950
3,175,000
67,743,100
115,842,650
131,411,15
$28,485,500
$191,966,700
$218,452,20'
Bank
Total Held.
$6,513,951
3,350,001
77,177,10'
.
.
«LY
THE CHRONICLE.
9, 1887.
—
CoiNAQB BY Unitkd Statks MINTS. Tlio following atatement, kindly fumislMxl us by the Director of the Mint, showB
the coinage at the Mints of the Unitml States during the month
of June and for the six months of 1887
:
/SicJfontA* 0/1887.
June,
Denomination.
Value.
Piteet.
9
DouMo
28
caglee..
Half eaKleo
oUon
9
600
3,96O.4(;0
SfiO.l.SO
30
22
266
Throe ilullure...
Sunrter eagles
Valtit.
54
396,040
1,090,085 1,606,042
90
85
07
55
266
493
58.014
218,017
EllKl'^"
Piecet.
8,030,210
2.'i.'>
167
493
276,378
1,671,206 2,002,781
1
Standard dollars.
Halt dollars
gnartcr dollars..
Imes
2,616,090
2,316,090 17,306,470
17,306,470
90
90
879,537
45
470
22
470
87,034 5,025,301
118
502,530
Total silver...
Total gold
1,992,605
235
3,395,807
2,604,111 22,332,711
17,809,353
Five cents..
Three cents.
789,590
386,056
Oueceut. ...
2,269,300
39,479 7,721,112
12
1,821
22,691 21,462,343
390
Total minor
..,
Total coinage.
55
214.623
3,059,370
02.135 20.185,276
600,734
6.731.555
4,337,502 5^,520.768
30,402.692
—
Impobts and Exports fob the Wkbk. The imports of last
week, compared with those of the preceding week, show an
increase hotli in dry goods and in general merchandise. The
total imports were $9,570,575, against |9, 20(5, 382 tlie preceding week and |8,740,I343 two weeks previous. The exports
for the week ended July 5 amounted to $3,870,686, against
$5,573,963 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) June 30, and for the week ending (for general merchandise) July 1
also totals since the beginning of
the Srst week in January :
$5,485,153 last
week and
;
rORBIOH IHPOBTR AT
1886.
1887.
•1,506.473
5,338,812
$1,197,356
6,133,159
$1,864,712
$7,556,732
$6,845,285
$8,130,515
$9,570,575
*57.430,836
161,374,118
947,254,993
139,570,119
$57,434,552
$60,175,602
150,5t>3,034
175,942.8ci5
For Week.
1884.
DryQoodB
Q«n'lmer'dlse..
Total
Since Jan.
HBW TOBK.
1885.
$1,019,592
5,638,140
7,705,8133
1.
Dry Goods
Sen'lmer'dlae..
Total 26 weeks. $221,804,054 $186,825.112 $216,997,586 $236,118,497
The following is a statement of the exports {exclusive of
from the port of New York to foreign porta for the
week ending July 5, 1887, and from January 1 to date:
BXPOKT8 7BOM HBW TOBK FOB THH WRBK.
specie)
'
1885.
1884.
For the week...
Prev.reported..
$5,434,690
ie0,415,783
$6,856,593
145,483,589
1887.
1886.
$6,083,163
115,651,379
45
firm
—The well known
offering
of Memrs. S. M. Hwenson & Hons of
a limited amonnt of Ban Antonio ft
Aransas Pass Railway Company's lit mortgage 6 per o«nt
gold bonds, due 1020. The road now completea runs from Han
Antonio, Texas (population about 48,000) southeast to tidewater at Ingleclde and Corpus Cbristi; northwest from Ban
Antonio to Hoerne, »nd east from Kennedy Juncclon in
Karnes County to a connection with the Uulf Colorado &
Santa Fe Railroad at Wallis, Tthich latter point was reached
June 25, 1887, making a total of 800 miles completed ro«d.
The proposed road from Yoakum to Waco will travene the
most populous siction of the Stale, through fine farming
lands, and at Waco making connections with the Ht. Louis
Arkansas & Texas Railroad, the Missouri Paoiflc and the
are
this city
Houston
&
Tex
Central Railroad.
s
Maverick National Bank of Boston has issued an
interesting little book of statistics, which covers a wide field
—The
some 200 pages. The following topics are treated:
"Historical Sketch of the National Debt," "The Credit of
Nations," "State and Municipal Indebtedness," "Water
Works Bonds," " What are Savings Banks Securities?"
" Banks and Banking," " Coinage and Currency," " Bank
Clearing Houses," " Railroads," " Foreign Exchange and Commerce," "Land and Agriculture," "Coal and Iron In the
United States," "Electrical Development," "Boston Statistics," and " Miscellaneous Statistics."
—Attention is called to the full text of the Treasurer's report
of the American Cotton Oil Trust on the sixth page of the
Chboniclk to-day; also to the fact that Mr. Wm. O. Allison of
in a space of
li William Street gives attention to buying and selling this
stock for customers and has had experience in it from the
start.
&
Co. give notlve that they have
with, the United States Trust Co. for the
purpose of eflfectlng a settlement of the North Carolina
Copies of the agreement may be obtained
special tax debt.
—Messrs. Morton, Bliss
made an agreement
as their office.
—Messrs. R. & C. S. Milliken offer a limited amount of the
North & East River Railway Co.'s first mortgage 6 psr cent 30
year bonds. The road runs from Fulton Street to Cortlandt
Street ferries through Fulton Street.
Anction Sales.
—The
were sold
followine:
auction by Messrs. Adrian H.
MuUer
&
Son
this
week
at
:
Sliares.
Shares.
25 Central Park North &
50 I>eath<'r Miin'fs Sat. Bk. 201'a
90
East River RK. Co
ISOPennsjlvaiiiaCoalCo... 267
216
5 Bank of New York
240 Uechanics' Nat. Bank ..163
25 Leather Man'fs Nat. Bk. 210
85 Bank of America. 175®174^
Bonds.
123'«
16 Bank State of N. Y
112
$1,000 Wms'burg Gas Light
1 19 Phenix Nat. Bank
Hl>9
Co., 6s, due 1900
40 Bank of North America. 12.t'4
.$1 0,000 Oregon Paeiflo RK.,
18 Wms'lnirg Gas Light Co. 122
Ist, 6a, Gold, due Oct. 1,
123
2 City l-'irc Ins. Cj
100
1900
400 Sutro Tunnel Co. ..28c. persb.
149
35 Union Forry Co
$5,870,636
114,626,142
Total 2G weeks. $152,340,182 $165.900,478 $152,537,542 *150,496,S28
The following table shows the exports and imports of specie
New
week ending July 3, and
at the port of
York for the
since January 1, 1887, and for the
ISSe and 1885:
corresponding periods
BXfOBTS AMD IMPOBTS OP 8PB0IB AT
HSW
United States Government and other desirable
SECURITIES
n
roB
TOBK.
IWTESTOBS.
Importt.
JSxporte.
OoM.
Week.
areat Britain
West
liidles
Mexli'o
......
Sooth America.......
AUotheroonDtTles...
Total 1887
Total 1886
Total 1885
Since Jan.l.
$72,648
11,457
968,101
2,327,680
Wetk.
Since Jan.l.
17,502
20,000
1,04S,747
439,139
4,719
$1,578,107
1,507,1«5
357,953
1,309,501
7,600
167,601
81,028
t40,585
3,898,124
t5,767,78 1
36,909,314
8,285,563
*11,119
158,958
36,518
$5,009,045
2,921,917
5,434,717
9
3',083
111,800
9
e.i'oo
A.U stocks and t)ond.s listed on the New York Stock Exchange boogllt
and sold on connnission for cash.
Deposit aooimnts received and Interest allowed on monthly baUmoefl,
sal^eot to draft at sight.
HARVEY
28
TO
Bilver.
©reatBrltaln
$322,200
6,200
Qermanj
West Ind eg
Mexico..
...........
Boath America
All other coon tries. .
Total 1887
ToUl 1886
Total 1885
'
$328,400
146,212
266,460
$4,372,445
608,073
114,590
120,410
16,581
48,825
21,478
9
$5,302,402
5.673.791
8,614,531
$2,092
6,902
37,236
$57,397
1,370
146,665
361,831
54,428
19*,016
239,358
767
1,325
Onondaga
4
St. Lonls Yandalia & Torre Haate.—The necessary steps
have been taken at Springfield, 111., by the St. Louis Vandalia
& Terre Haute Railroad Company, to file a bill for the vaca-
sylvania RR. interest.
The Chase National Bank has removed to beautiful and
commodious quarters at No. 15 Nassau Street, lately occupied
by the Central Trust Company,
—
,
I
Co., K. Y.,
PEE CENT REFUNDING BONDS,
rOB SALS BT
COFFIN & STANTON, Bankera,
10, 11
aad
1'^
Mortlinor Buildinc, Wall Street, W. Y.
ORANGE BELT RAILWAY
OF
FIRST MORTQAGE
SCHOOL.
&
Indiation of the lease of its railroa'l to the Terre Haute
napolis Railroad Company, and for the delivery of the former
road to ita owners and an accounting to them for all the
This suit is in the Pennprofits due the Vandalia company.
SONS,
York.
Exempt from Taxation,
i<48.38l
coin.
&
Nkw
SS4,000.
W^ N OF SALINA,
$1,055,074
820,738
Of the above imports for the wee» in 1887 $6,400 were
American gold coin and $793 American silver coin. Of the
exports during the same time |38,583 were American gold
PISK
Nassad Stbsbt.
CITY
FI,OIlIDA,
6 PEU CENT
CO.'S
GOLD BONDS.
DISTRICT IVORTfl DANSYILLE,
NEW YORK,
4 PER CENT BONDS.
OF NEW HAVEN,
8 1-2
COMM.',
PER CENT BONDS.
FOR SALE BV
CtRISWOLD
<fc
No. 8 IVall Street,
GILL.ETT,
New York.
,
[Ta. XLV.
THE CHRONICLE.
several weeks past; the extreme dulness hoi
though the posted rates f
ever has caused some weakness,
unchanged from a week ago, viz. 4 84 and 4 854
follows, viz.J
To-day the rates op actual business were as
demand 4
Bankers' 60 days' sterling, 4 831 @4 83 i;
Commercial bills were 4 81i«
(a4 84J Cables, 4 84|@4 85.
Francs, 5 23} and 5 21J; reicli
4 8U- Continental bills were:
and 95@95J; guilders, 39|®40 and ^(f
easier than for
gawlia-s' (Sa^etU.
gkc
:
DIVIDENDS.
The
recently baea aanoan^ed:
followloK dlrldenrla h*ye
Wken
Per
Company.
JITome 0/
Cenl.
& 8.
>e
Cenlral Ohio, com. ana pre!
EaBtMahanoy....
Toi>elt»
(
Books OU>sed,
Days inclusive.)
marks',
94f@94i
_
401
nallroad*.
Atchlwn
Payable.
(qnar.)
July 12 to .Tuly 19
July 14 to July 30
ing.
July
Jul»
.
3
3
3
:
July
July
3>8
$175 July
Knit Pennsylvania
-.
Uttle Schuylkill NavUatlon. ..
MinehmASohuyUill NavUation.
Bmnk*.
July
6 to July 15
13 July
9 to July 14
Seaboird National
2H
July
dtlzens'
3
On dem.
On dem.
Insurance.
Empire City
3>s
-•
Firemen'a
<ilabe Fire
3
5
Knlckerbooker Fire
PcoplfVFiio
United BtHteg Fire
S
St. Louis,
par@25c. premium; Chicago,
rates of leading bankers are as follows
July
:
Sixty Days.
8.
Prime bankers' uterling bills
Prime commercial
Docmnentary commercial
On dem
3
bank, $1 50 premium;
40@50c. premium.
The
July 11
On dem.
July 11
On dem.
H
The following- were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
Charieston buying par; selling
par- selling i@i premium;
i® 3- 16 premium; New Orleans, commercial, $1 00 discount;
on Lonlon.
-
-
D»mand.
4 85>s
4 81 *4 S2
4 80i<i'*4 si's
5 -23% as 22 1« 5 211495 20!%
4 81
Paris (francs)
40i3,B!r40'4
40 »40i.«
Amsterdam ((ruilders)
WAI.L BTH.EBT. FKIDAY. July 8, lSSr-3 P. M.
95»8«95i4
94!>8a»4^
past
Frankfort or Bremen (reiclimarka)
The
The Money Market and Financial Situation.—
purfor business
United Stales Bonds.— Government bonds have been mod-week has been scarcely more than a half week
observed on Saturday erately active and quite weak in tone, in sympathy with the
poses, 80 generally were the holidays
- - •
Monday.
4ind
,
„
The money market has become decidedly easier, with every
demand for money
fall
until
the
easier
remaining
prospect of
.,
.,,
.
Railroad earnings for June, so far as yet reported, are showing rcraarkablv well, though we scarcely expect to see a continuation of the same large increase during the last half of
1887 that we have had during the first half. The crops, however, up to the present date, are ^ood, and unless there is very
bad weather later on, the yield will be abundant.
The stock market has not shown any tendency towards a decided movement this week, and brokers are busy with their
various theories as to the true reasons why stocks do not become
There is no good chance for a bear movement without
active.
8ome new and striking causes to warrant it, and this seems to
be generally conceded. Then the question is asked, why do not
stocks advance ? To this there may be several answers, more
less satisfactory according to the views of different parties,
or perhaps not satisfactory at all. It may be suggested, however, 1. That the average stock operators may be carrying a
or
of stocks and are rather inclined to realize on
2. The present
of their holdings if prices warrant.
Tear is one of great activity in railroad building, and conse"quently in the making and transportation of railroad material,
and large earnings have become a standard bull argument.
it is possible that stock operators anticipate a falling off in this
activity and a consequent decline in railroad earnings in future
3. The foreign demand for our
months, or by next year.
fair
amount
«ome
Now
stocks and bonds has been large, including a goodly amount
railroad bonds, and there may be some apprehension
that any war talk or political disturbances abroad would send
borne our securities and depress our markets.
The foregoing points are merely suggested as some of
the possible reasons which may have an influence in preventing
the general public from becoming large buyers of stocks on
mjirgin, and to those may be added the rather obvious fact that
prices are not relatively low, and have had no collapse which
T\-ould invite the cautious buyer to take hold with a pretty
of new
good chance of making large profits.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 10 per cent.
To-day the rates were 4@6 per cent. Prime commercial paper
is
quoted
at
6@6i per cent.
The Bank
of
England weekly statement on Thursday showed
a
loss in specie of £747,000, and the percentage of reserve to
liabilities was 38-35, against 43-00 last week; the discount
rate remains unchanged at 2 per cent.
The Bank of France
lost 1,1.")0,000 francs in gold and 2,0.50,000 francs in silver.
The New York Clearing House banks in their statement of
July 2 showed an increase in surjjlus reserve of $305 175
the total surplus being |3, 65 1,075, against $3,345,900 the pre'
ious week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
•rerages of the New York Clearing House banks1887.
July
Diffi'ne's
$
tx>ao« and diac'ts
epecle
1886.
July
3.
1885.
July 3.
ilt
I
nec.1.931,200 355,743,700;3ft7,266
<00
73.2««.'JO0 Inc. 7.i7.500
^M?2'0'}9iii'.'i''!ooo
H 300.000 Inc.
14.000
7,819,700
9.839.H00
367.08 1 ,300 Deo.2,073,loo 377,411,4011
390,798,800
3fi3..'i.=)3,20O
drculation
Jfetdepoelta
Le^ tender*
Lexal reserve
Rce«r>-eheld
eorptna
fr'm
Fret. Week.
2.
I
!2,133,aOOUe<'.
l.7i',600
9!.770,32^'Deo.
95,421,400 D.-C.
518,27s
1.0:5
3».^.1T.')1
3,<(.'
1
nc.
40,890,400
42,083.000
94,3.'»2.S50 95,199,700
2J^,10O|105,374,30o|i5b;8u7;(30)
ll.021.4.'io!
61, 07,9no
Exchanye.— Sterling exchange has been very dull
week, the demand having been extremely
limited.
has occurred to
all
the
Nothing
affect
rates, the
money market having
ruled
other markets, all prices being quoted at a greater or less de
cline from the prices of last Friday.
The closing prices at the N. Y. Board have been as follows:
reK
4^28, 1891
coup.
4»a8. 1891
rcg
1907
4s,
coup
4e, 1907
re^.
cur'c.v,'95
6»,
ree
68, cur'cy,'9'i
reg.
68, eur'cy, '97
6s, curcy,'98....reg
'99
reij.
our'cy.
es!
This
is
Jnleresl{
July
July
July
July
Ju'y
July
Periods
2.
4.
S.
0.
7.
8.
Q.-Mar.
Q.-Mar.
Q.-Jan.
Q.-Jun.
J. <b J
J,
J.
J
J.
J
J.
J.
J.
&
A
A
&
s
p.
•<
w
e
109%
lO-lTji
*109ifl
109^4
12S
xl2-«
10834 "108%
lOS:**
l2;7rt
*108%
127
*127'8
12;''(
123
126
»123
123
'129%'M29
•129
*123>a
*12'':!4
-12rt
*132^i'13'.i
126
129
132
•134
•134
*134'«i*134
ide.
the price bid at tbe morulnu boat d no sale was
;
m
State and Railroad Bond.".— State bonds have been almost entirely neglected during the past week, the transactions
having been smaller than for a long time past, and confined to
a few sales of some of the Southern issues.
Railroad bonds have had a moderately active business, the
transactions, however, being considerably scattered, and no
The
special activity in any particular class is to be noted.
bond market has not been so much affected by the fluctuations
in stocks as it frequently is, and as a consequence most classes
hold up pretty well and a few have shown some .strength. Some of
the more speculative classes, however, have declined a little in
sympathy with stocks, the most notivble of this class being Erie
3ds, which are lower than for a long time i)ast.
Railroad and Miscellaneous Slocks.— The business at the
Stock Exchange has been quite limited during the past week,
owing to the fact that Saturday and 3Ionday were holidays.
On the remaining days of the week, however, transactions have
The market remains in a rather
been moderately active.
unsettled condition, and prices have been weak and irregular.
I
j
]
Most of the conditions and influences arc now of a generally
favorable character, and nothing has occurred during the past
Y'et there is a decided sluggishness in
to disturb values.
the disposition to buy stocks, and the bears take advantage of
this to depress prices, which is comparatively easy to the extent
of 1@2 per cent in the disturbed state of the market after the
The money market, which has
severe shaking up it has had.
been an important factor in the late bear campaign, has ruled
much easier than for several weeks past, only a slight temporary
flurry occuring on Monday, when the rate was bid up to 10 per
But such is the uncertain feeling in regard to money
cent.
rates that the fear of another tightness is one of the deterring
influences to the speculation.
Nearly all prices have given w.ay
more or less under the action of the bears, though the weakness
has been more pronounced in some, and a few exceptions to the
general decline are to be noticed.
The weakness of each day
has generally been followed by a moderate reaction, wliich has
partially offset the decline.
There have been very few special features. Reading has
been a conspicuous exception to the prevailing weakness,
having ruled firm throughout under good support, accompanied
by favorable reports in regard to its financial condition and
prospects.
Pacific Mail was specially weak in the early dealNorthwest was
ings, but recovered part of the decline later.
adversely affected on Thursday by a report that the company
was to use $10,000,000 of its surplus to rctiie bonds, but it
was quickly denied. The other grangers sympathized with the
decline in Northwes'-, though for no special reason.
N. Y,
Susquehanna & Western common and preferred had a sharp
decline on Thursday, under speculative manipulation and lack
To-day
of support, but part of the decline was recovered
(Friday) the market was weak under the appearance of bear
attacks, directed especially against N. Y. Central, which sold
down to 107 in the morning on very moderate sales. There was;
a recovery afterward, and the latest tone was firmer, though
most of the list showed some decline for the day.
week
i
..
.. ..
JCLt
STOCKS-PRICES AT
N. T.
STOCK EXCHANGE FOR WEEK ENDING Jl'LV
UIOHKST AND LOWEST PRICKS,
Saturday,
July i.
Tuesday,
July S.
Monday,
July
4.
Stacks.
01
87
70
38>4
I'iiclHi'
CheHupi'uki-
>ft
"«\
Olilo
j>o
Intpref.
Do
'2i\
Chicago niirUntrton
<&
*12
met
'7'a
145
i^iimcy.
87^
CUlciuoMllwuukuv &8t.ruul.
Do
OblcaKO
Do
V22
pref.
148
131
prcf.
iHlniuI & PituiHo.
Chlouk'oSt. tK)Ui8 ife Fitlabiirit.
Vo
Min.
St. Futil
Do
'17's
pref.
4»>3
& Om..
50%
112
pref.
01evpIuii<lCoI.CIn..tIn(tlanop.
OOHj
29
Uockiiis Val.ATol.
Delasvare Lai-ka\N anna ^^Wesi
I>euver4klClo G.,aria08diu't pU
Ot)liiiulmi!
Do
Do
Do
62
* Oa. R'y.
I3I4
•70
251a
•03
Isl pref.
'-'(l pref
Evansville <& Terre Haute
Fort Worth* DeuverClty
Qreon Bay Wiiioua &. St. Paul.
Do
nUnoU Central
New
pref.
Do
Do
St.
Do
pref.
A San
Do
<
Q
O
K
O
n
33
19
48
32
33
10
451a
3313
60
•28
30
34
34I4
6116
29
31%
35%
58I4
Western Unicm Telegraph
Kxpre** Stocks.
89
(;o
Inactive Stocks.
BulTalo Koch. A Pittsburg
Central Iowa
Cliicago A Ind. Coal K'way..
Do
Mexican
pref.
5338
5413
23
62%
62'bi
82 >4
62 '4
52
53
88
88
881a
88
lOia
38 '4
28 14
103%
17-8
17
33
33
3l>4
601a
40^8
70
•1714
0>a
20
10
4634
3313
50 5s
•'e
31I3
51l8
18
10%
32
It)
47 14
34I2
601a
27
30
32
27
30 "'8
56=8
3012
5714
31'8
88
38I3
33%
88
3812
76 14 76 "4
115
118
81
81%
1,4.50
57
80
80%
57%
18% 10
5618
18
5718
1814
32
32 14
33
55 14
pref.
8
*55
•90
60
95
*6l3
•30
pref..
514
22i8
581a
71a
32
45
•41
Virginia Midland
Cameron Iron A Coal
45
45
"41" "ii
;
no
sale
7I3
8
°i. rx)nis Alt.
Bt. I-<iuis Ark.
Columiius A Hocking Coal
Marsliall Con. C.ial
New York A Perry Coal
Tennessee Coal A Iron
Various Stocks, ice. (Unl
im-r. Cotton Oil Trust
Piue Line CortiHcates
Boston H. A Erie,uew
1101-2 1101-2
70
63
'if if
(*etitral
144
113
66
.
pri:f.
150
66
53% 54%
•55
•90
.i*
2013
5013
•20
•90
•65
I33I9 129
130
•60
68
60
•56
•90
60
93
7
•50
88
71a
681s
96
4%
8
21
5714
2213
03
•1513
•4I3
•7
20%
57
•65
5%
7%'
21
57%'
I
•2013
2"i-.
931.2
•151.2
03%
4%
•7
20
70
132
68
7
58
89
4%
7%
20
56% 56%
•20% 22%
'00
•15% 'l6%'
137% 137%
7% •6% 7%
lOie
16%|
I37I3 1371a 137 1). 137%'
•6 la
•30
•42
10
7%
32
45
•61a
•30
43 13
32
43%
19
38
42
"30"'
41
1 IS>4 Jane 1»
June 6 68>SJsn. 18
Feb.
1
e4<>« May I»
B6>« Jan. 8 8614 Apr 1»
30 33 Feb. 3 43% Apr 12
100
6% .Inly 1 0>s Jan. S
1,58."):
7,8:0
7,876
IffV Fsb.
59
52%
IQia
June24
Mar.
17 Jan. I»
ll>aJan. 20
8
May 17
05 May 1»
127^ May 17
ji.,,1,
21,00.1|i,o
] 127% June
T
*'" 13314 Jan. 20 53 >4 June 7
Mar. 18 140% May IT
«Vxil24%
10 16 Feb. I 22 Apr. 23
100 35 Jan. 27 521a Apr. 22
136% Jan. 13 156
85i3Jnly
H
1
5513 Jan. 7 !<5 June 20
Jan. 10 in 34 May 23
Feb.
1 VM^'e !*fav 27
Feb.
3 35% .Mny 23
Feb. 4 63% Mav 181' 22% May
6Feb.
Feb.
38% May 18
June 21 63% Apr. 18
1,913
207 107
1,057 113
7,^20 20
8,745 53%
2.100 13%
l,8oO 23%
4,200 521a
6313
68>a
34
84 <3
68
32
39%
00%
42I4I
35
6II4
6018
391a
60'e
36% 40%
60% 61%
69
35
U Ex-righte.
58%
28 115
Apr.
Feb.
126% Jan. 25'l37
June
(i
40 33% Jan. 19
208
6% June 21!
57%.lune 30|
200 88 July 3
200
414 .Mar. 23J
7% June 13
74% Apr.
15% Jan.
07% Apr.
99% May
7
7
2.^8
3001
18
53
20
127% Mar. 9 141%
6
28
30
18
31
8%
Apr. 221
4 35
10
1»
18
Jan. 13
29
27
27
2e
Feb. 11
Jan. 10
21
May 14
45% June 6
Feb. 12
45% June 20
49% Jan. 27
60 Apr. 27
32% May 23
72% Apr. 5
64% Jan. 14
July 6;
Feb. 16i
64% Jan. »
72% Jan. 11
Jan
Jan.
8!
June 28 25
50U
Apr.
38 May
800 35% Feb.
22 Jiwe
800 62% Jan.
2,8^0 31 June
39% 41% 36.280 35
60
60% 61%
ft
6
10% Jan. 14
24% May 1ft
J uue 241
June 24 61 Apr.
Juuc 18 30% May
100 90 June 4' 100% May
50 13% Jan. 5! 22 May
1,687
2,125
18
68% 69%
31% 31%
53i4Mayl»
89 May li>
105% Apr. 18
li 54% May 31
28105% .May 1»
'
87
100
41% 41%
ll
6'
24
9
41150% May 23
24 79 June 7
35'i39%Jan. 4 148 JunelO
IO1107 Jan. 5 118% May 14
62 Feb. 17, 73% .May 24
33
45
42
36
at the Board.
•30
-40
18
"39% "38% 38%
35
was made
140% 146%
110% 110%
150
70
134
68
HlflMSt.
13,240 451a Feb. 1 641a May 17
032 106 Feb. 1 118>sJune 7
1 ,600
58 June 24 68 Apr. 11
,963
1
27i3July 6 30% Jan. 11
27% 2814
131% 133% 32,946 130 Ju;ie24 130i3June X
1,250 21% Feb. 3 32% Apr. 14
28
28%
1,9^0 561a Jan. 24 68% June *,
6214 621a
1,201 12"MJiily 7 17
I2I3 121s
Jan. 3
6OI3 June24 82isJan. 13
i',546 21>aJV.|).
32 Jan. 3
1
231a 2413
•00
92%
84 Mar. 12 100 Apr. »
700 21«BFeb. 4 62 >a May 7
44''8 451a
50 12 Jan. 2H\ 17 Apr. 7
•12
14
•24
27
2614 May 26 28
May 31
1,080 1112014 J'e24 138
May 2820 17i4Feb. 4 27% Apr. 1
425 38 June 28 47% Apr. 21
40
41
9578 97I4 36,413 00 Feb. 1 03%June3(>
96I4
1,105 03 Jan. 15 90% Mav 14,
06
61
62% 42,880 57 Feb. 3 70i4Apr. 14
900 57 Juno 28 6734 June 11
6219 63
2.«*7 114% July 8 161% Apr. 20114% 115
500 51 Jan. 27 641a Apr. 5
1,817 86 Jon. 27 05% May 1»
86
88
15 661a Jan. 6 04% May 18•8513 871a
10 98 Jan. 4 110 May 1»
II3I3 11313
300 15 June 28 20% Apr. Z
•I6I4 1713
500 30 June 28 48% May 31
'37
38
27% 2818 2,245 26 June 24 34 14 Apr. 9102 102% 15,313 92 June 24 112 May 19
100 13% June 14 10% Jan. »
•I312 I4I2
800 79 13 June 28 88% Jan. 3
•80
81
5,556 107 July 8 114% May 1»
107 108 13
1,310 16% Mar. l.'Sj 20% May Iff
17% 18
1,160 27 Mar. I2I 37% May 1»
32
3213
30
3114 22,305 29i6Felj.
1
35% Apr. 12
67-T 65i3Jau.
601a 70
20 76 May 23:
86,125 45I3 June24| 66 Mar. 2»
4034 51
113 15% Feb. 4 20% Jan. 3
•17
8,050
0-8 10
91.2 July
Feb. 14
7, 14
10,710
30% 31%
29 July 7; 38% Feb. 14
335 15 June 24 23% Jan. 3
10
10
45I3 46=9
4,310 43% Feb. 3 55% May 1&
33'8 3II4 21,7551 2Ui9Feb. 1 34% July T
7,487 56i9Feb. 1 63% .May 1960
60
l,30o 8g%Feb. 11 32% Apr. 4
26-'8 27
20% 30% 6,745 29% June 24! 35% Apr. 7
33I4
3,885 30i3Jan. 3 30% May 25
33
5.
5559 5719 186,200 34
Feb.
1; 5314 July
20 14 30% 16,978 20 June 24! 53 Jan. 17
67% June 25 87% Jan. 17
200 80 Feb. 8 05 Jan. 17
•87
00
38
33% 1,000 30 Jan. 271 44% .May 2675I3 76
1,600 611s Feb. 2 84% May 26
115 118
112 Jan. 28' 120 June 2
3218
5459
•67
130
1887.
;
144
109
135
•459
These are the prices bid and asked
56
Lowast.
Blutras
46
135
•7
2218
57I4
A Terre Haute..
A Texas
'
18=8
5514
pref.
Do
57%
1,
58
H6ia 11614 1171a 115% 116
2913 30 '4
SO
28% 20%
32% 32%
A Baltimore.
Morris A Essex
Quick^ilvcr Miuing Co
:
18 14
8II9
1887.
Week,
605
144>3
851a 871* 120,687
,..,,,.
108
34
'..]
A On.
20
47
77
118
14
27
12214!
100 la 10034
3339 33%
5958 6016
2Cia 26I3
201a 30%
3314 34
5Uid 57
301a 31^8
3SI3
4o.''p
113
611a
1739
381a
»?.
'06'8 "9713
96
oeia
1613
37 12
21I4
3214
31»8
89
American
Houghton
46
73
24%l
116% 120
17
37
391a
Aiams
do
63
119
10% 10%
32^
•18
1,
ilnoa Jan.
44I3
451.2
7,750 351^ Feb.
44
44
45
43
78I3
7>'i« 7918
2,t.7« 77
7334 7013
78% 79I3 77
July
100 la 101% 100 la lOlis 101 101 'V 100% IOII3 15,487 100 June
74«
49 18 501.J
49>4 4914
38
Feb.
49
49
850 O6I4 June
08
90
00
03
98% 98
9818
98
41,540
4413 4OI3
43
43
44% 4313 45
July
43% 44%
961.2 961.J
1,150 95 June
•06
97
07
061a 07
07
1511.2 1511-2 I5II3 I5II3
152 152
151 161
345;i39%Jan.
76^8 7816
75% 76''8 76V 77
75% 76% 116,435| 07% June
Philadelphia Co., Nat. Gas. . .
Pullman Palace (ar Co
A Western
27
122
122
23 13 23
34
45
Pacitio Mail
Do
I2l3|
•13
•24
90
18% 18%
Delaware A Hudson Canal...
Oregon Imiirovement Co
Oregun Hallway A Nav. Co...
rciuctte
1738
78
76
115
116 118
8II3
82
81
108 108
108
1161a 117
1161a
30
SO-'s
291a
56 14
5713 58
A Lake Erie
raiacellanoous stocka.
1
31%
8
14
10
58
63% 63%
1219
•60
141a
100 la 110
17% 18
49
77I2
Wheeling
.M
10"8
5314
1739
1114
39
Colorado Coal A irou
Consolidated Gas Co
Lake Erie
113
50%
•88
pref.
Do
28 14
134
29
241.2
9618
621«
3114
56=8
Texas A Pacilic, ass. ijaid
Union FaclUc
Wab. St. L. A F.,F. Com. repts.
Clnciimati Wash.
2SI4
*44''8
88
•6%
•io>a
7
60
•00
90
113
0%
15
.iOia
45 »9
9618
32 '4
31% 33
pref
& .Manitoba
i>'>
62»6
12'a
74
25
97%
181a
3314
lo^
Paul Mlnneap.
United States
Wells, Kargo A
281a
88
ISV 13% 13%
121
120 120i.i
llSHi 116>all7%
149
1471a 1481a
132
131
131
•1713 19
•171a 19
*45
4413 47
47
40"8 61
.50
40
133 'i 133
20
20
•86
8,
JAN.
Kange
110ialll%
70% 70%
Bt Paul ADuIutb
Do
171a
US%
oni-j
1201a 117
July
7.
87%
801a
23 'j
40
40
61
63
Pridsy,
121
117
148
132
I
181a
3314
3158
1738
Francisco
pref
1st pref
Do
62-18
121a
•70
251a' 24ie
90
88
47
40 '« 61
13>4
100% 110
Do
pref
Rome Watertown A Ogdensb'g
Do
AND SINCE
144
'45
73
95
US
140
131
n7ia 19
29
133h
'40
41
37
2838 2878
28
2814
10313 10438 IO219 1031a 10218
1439 14% •1313
8312 83ifl
811-2 8lia
82
pref.
Ohio A Mississippi
Oregon ATrans-Continental..
Peoria Decatur & livausville
Philadelphia A Kcadlug
BlchmdA West P'nt Terminal
IIH
148
12U
27111
1321.2
03 M
115
pref.
Louis
8,
00 '4 60»8l S0% 60%
57
SMUl
66% 57%
"
78I4 78%
79'9'
70
•38
•38
SO
30
t.%
•lOij
50% 60
61
3014
64
•lOia
Northern Pacific
St.
4a>a'
52>4|
ir-'Hl
6II4
90
Louis
Do
I
19
98=8
118
Missouri Kansas ATexaa..
MiMsourl Paclttc
Mobile iV Ohio
__
Nasliv.Chattauooea&St. Louis
New York Coutral * Hudson.
Now Y. Chie.A St. L., a-sent'd
Do
pr«f., a^seuted.
New Y'ork JL^ake Erie ii West'n
Do
pref
New Y'ork & New England. .,
New Ycirk Ontario & West...
New Y'ork Susq. & Western.
Do
pref
Norfolk 4 Western
St.
148'8
97»8
pref.
&
*7>a
123
A ChUaRO. ..
Mnutiattan Elevairii, cousol..
Mempliln & Charleston
MIchiKun Central
Mil. Luke Shore & West
Minneapolis
S
14
10
143>a
89!%
8«»8
•40% 411a
NiuthvlUe
Alli.
89
'.Ha
'Id's
IIS
Island
ilsvilleit
'38
•45
I414 I4I4 *13
•24
•24!|i 27
122 122
122
f
!>i;
781a
(^8^
79'a
10»8
45%
lud. Bloom. & West., ass. pd.
KIngHton (& Pemliroke
ike Sliore & Mleh. Southern.
1.1'iiifl.
r>!>
57 19
15
131
July
0,
13% 13%
B0%
01
50<«
bo's
3S>4
8
13318 134
28^1 20%
pi-ef.
East Tennessee Va.
July
118^1 la's
& Northwestern
Ohloo^u Rook
ChloBKO
Wednesday, Thursdsr,
13\ 14
AtlBlllIc & Paoltlc
CttiiaUlau ruL'iUe
Caniitla Hotithorti.....
Central of >'i)w Jersey
Ceulrul
47
Of the
BTOCK8.
HK.
1
THE CHRONICLE.
1887.1
D,
Active
1
22
11
24
2s
3
. ..
THE CHRONICLE.
48
BONDS-LATEST PRICES OF ACTIVE BONDS AT
Sange rinee Jan.
Closing.
JUtUroad Bonds.
July l.\JulyS
31
AU. A P»o.—W. D. Inc., 6s, 1910 8l>9
84
10.5 -b.[105%
oSXiS:-&«.V58.-i908 93 b. 93
1913
6s,
ad.
-J
"4b.
OOkb.
Obb. lowa-lst. 78. *99, coup, ofl 88
108%b.
cEnlralof N. J.-lst, 'Ts, 1890.. 10g%b.
a.
117
115>3b.
Consol.78. 1899. assent.
114>9b. 116 a.
Coavert. 76. 1902, assent.
b.
103
103
Adjust. 78, 1903
101 b.
--• 102
Convert, deb. 68, 1908
Le'h A W.B.,oon.7B, 1909,a8'nt 114 b. 117 a.
114
b.
HighaU
July
90
101%
Feb.
109
94
110
119
W.—
A
A
A
A
4
"
119
CbJlU.6t 8t.P— 1st, 1.* M.78, '97 "
OonwL?*, 1905... ......... ... 129
1st, 80. Hu. DIT.—6a, 1910.... 117
lat.
Wto.
OU.
A Pao.W.Div—58, '21
A Min.
Div.-5a, 1921
...
A N. W.—Coneol. 7s, 1915
Gold, 78, 1902
BlnUnt; (and 68,1929
BlnklDg tuBd Se, 1929
Slnkliurtund debent. 5s. 1933
Sft-veardebcut. 58, 1909
Chi. K. I. APac.—68, coup. 1917.
Exten. <fe col. 58, 1934
Ch.8t.P..M.& O.—CouBol.68.'30
et Paul & 8. C.-l8t, 68, 1919
Oh.8t.L.& Pitts.— lst,con.58,'32
C
& lad.— Gen.
68, 1934 ..
C. C.
Iron-lst, 6s, 1900..
Col. Coal
Con.
Tol.—
58, '31
H.
Val.
Ool.
Oen. gold, 68, 1904
&
*
106
104
lat con. 4b, 1936
& R. Or. W.- Ist, 68,
Asseiitetl
Bo. Pk.
Den.
b.
103>9
79%
& Pac— lat, 78,
.
'05
G.
Ry.— C'on..5s,
'56l
May
May
b.
103
b.
b.
b,
74
78%
99
July 109
July 108
133
120
110%
110%
109%
135
110%
49
98
98%
110 a 108%b. 106%
117>«b. 115%b, ,112%
114>st>. 116
108
114Hib. 114 b, 113
108 b. 105 b, 94
72 b
66%
a.
96
85
96>s
93
95
23
114
93
28
letter
Jan.
86% June
"
June
56 May
June 101% Apr.
108
137
115
120
June
Mar.
Mar.
104%May
95% May
98% May
109% Mar.
111
100%
92%
109
53
St. L.
112%
119
110
May
May
St.
Feb.
119
110
118
105
Apr.
Jan.
90'e Jan.
114%a. 114%a. 114%.Tuly
108
'02 12814a.
108
127
Jau.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
-May
MTir.
114%
& N. M.— Ist, 68,
A Gr.Tr.— Ist, 68,
A West— lat, 78,
b" indloatea priee Ind. and
•<
Feb.
a" prloa aiktd
921.
1921
'17
.
& Ohio Cent.— lat, 58, 1935
Union Pacittc-lst, 63, 1899....
Land
grant, 78.1837-9
Sinking fund, 88.1893
Kan. Pacific- lat, 6a, 1895....
Feb.
1896
Denver Div.— 6a, 1899
lat consol, 68, 1919
Oregon Sh. Line -Ist, 68. '22..
Virginia Mid.— Inc., 6s, 1927....
Wab. St.L. A Pac. -Gen.. 68, '20
Chicago Divison- 58, 1910
lat, 68,
May
Apr.
Wabash— Mortgage, 78, 1909..
Tol. A Wab.— lat, ext.. 7s, '90
June
May
1st, St. L. Div., 7s, 1889
2d, extended, 78, 1893
Con., oonv., 7s, 1907
Great West.— lat, 78, 1888
2d, 78, 1893
Apr.
Apr.
Apr.
Apr.
Jan.
St.L.K.C.
AN.—K.eAr.,78,'95.
West Shore— Guar., 48
June
all
1
Tol.
120% May
May
1909. Ill
.
Tol. A. A.
Tol. A. A.
Tol. Peer.
115% May
113
131
119
121 June 126
lo3"8b. 102
Feb. 105
lO.^%
105% July 110%
b.
M.— let, 7b,
b,
reduced to 4 %8
98%
Shenandoah Val.- lat, 7a, 1909 106 a.
Gen'l mort., 68, 1921
52
So. Carolina— lat. 6s, 1620
99 a.
2d. 6a, 1931
70 a.
Ina, 68. 1931
15 b.
80. Pac, Cal.— lat, 68, 1905-12..
80. Pao., Ari.- lat, 68, 1909-10..
So. Pac. N. M.— l8t, 68, 1911. ..
Tex. A Pac— Inc. A id gr. 79. '15 57%
Rio Grande Div.— 68, 1930 ... 75%
Gen. mort. Aterm., 68, 1905..
121% Feb.
113% June
99% May
117=8 May
114% May
99
107
Paul M. A
1909
Do
34'8 Apr.
109
103
A
I8toon8.,6a, 1933
112
115
Feb.
Feb.
10878 Feb.
114
May
107
June
95%
83%
104
50
b.
105
134
June
84%
128%
104%
133%
b.
110%
69
110
113
101
60% Mar.
110% June
133% Apr.
101% May
99 May
80
123
Apr.
Jan.
128% Apr.
110
Jan.
110% Feb,
95
77
Feb.
Julv 123
July 119
Apr.
Jan.
Jan.
Feb.
Aj?r.
115% May
82%a. 75% Feb.
86% May
115
11478 July 118% Apr.
105
10379 Jan. 107% Mar.
105
106% Jan. 111 May
103
103% July 107% June
115
114
115
114
109
102
40
104
;40%
98
9178
109^8
108
101 %b 100%
99 b 98
113%b. 110
Apr.
Jan.
Feb.
Jan.
112% Apr.
111% Apr.
50% May
Mar. 10278
Jan. 112
81% Jan.
112
a.
108
79%
69
112
68
111%
May
May
June 106 Jan.
June 104% Apr.
Mar. 115% June
87
Mar. 112
Apr.
Feb.
Jan.
87%
77
Jan.
Mar. 115
Feb. 1 14
Feb. 120
Jan. 117
Apr
Apr
June
106
Apr.
120 a 111
M^ar.
113%b, 108
Apr.
108%b. 108% June 112% May
101
100% June 104% Mar.
103%
64
103% June 108%
70
b.
114
110
105 %b. 105
45
35
99%b. 98%
45%
44
113 a. 110
112 b. 109
95 a. 91
113 b. 113
111
114 a. 113%
112 a. 108%
114%
119
117
93
loe
50
96
71
15
b.
b.
a.
b.
a.
b.
b.
Mar.
Jan.
Feb.
May
Jan.
Feb.
June
75
116
Apr.
Apr.
June
112% June
108
48
Jan.
June
102% Apr
55% Jan.
Mar. 115
Jan.
May 114% Mar
Apr.
99
Jan.
July 115% Jan.
May 117 Apr.
May 117%
Feb. 115
100% July 104%
110% Jan. 118
118 Feb. 121
117 July 120%
93 Feb. 101%
96 Jan. 109
37 Mar. 55
96 M.iy 107%
80
65 May
19 Mar.
28%
114
110% Feb.
lll%b. 110 Feb.
107%b. 105% Jan.
55%
55% June
75 a. 64 Feb,
67
65 Mar.
98%b. 98
89 Jan.
106 b. 107
103 Jan.
108 b. 109
104 Jan.
95
96%
95 Jan.
115 b. 115
114 Jan.
103 %b. 103%b.ll02 Jan.
114%b. 111% 114 July
114%i. Ul%a. 111% Feb.
Ill b. 112%a. 111% Jau.
113%b. 116
114 Jan.
104% 101 b. 102% May
102 b. 102 b. 100 May
96
96
95 Apr.
53 b. .53 b. 49 Jau.
101 a. 100
89 Feb.
83 b. 81% Mar.
114 b.
110% Jan.
102
90
114
102
89%
113%
Feb.
89 Mar.
Mar. 131 Apr.
Jan. 107% Apr
Jan. 137
May
100%
113%
Apr.
May
Apr.
Jan.
Jan.
Apr.
Apr.
Jan.
Apr.
109%
86%
1.
Hightsl.
122
121
107
Jan. 133
Apr.
90
June 102%
132
85
ofl
68.
2d, 68,
Fel«.
H3%b. 112% July
b.
A
1887.
Feb.
Jan.
118
114
86%a
96%
81%
1903
114 a.
1906
lU%a.
Qen'lmort., 68, 1931
80. Pac, Mo.— lat, 6s, 1888...
100%
119% May
Mar. 119% May
Feb. 119% May
July
1897, coup,
68, Class B,
6a, CiasaC,
Jan.
Feb.
Feb.
b,
Lowest.
91%
land gr., 58, 1931. 94%
San Fr.- 68., CI. A,1906 114 b.
Gen. Ry.
Jan.
Jan.
Feb.
125% June
106% June
Mar. 110
118
85
113 a. 113
112%b.
105 %b. 106
.
Jan.
95
125%a.ll25%Feb. 129 June
i2i%i)' 123%
122% Jan. 126% May
121 b. 122 a.ll20»8M*y 124 Mar.
b.
116
122
or—Tbe
Apr.
92^3 June 98 Feb.
64 Jan.
76% June
95 July 100 Jan.
H7%a. 117
'78,'
Jan.
82% June
82
78
I
96%
—
8878 Jan.
112% May 122
iim Ill
107
Trost Bonds, 68, 1922. ..
107% 108
101%
10-10,68, 1924
loo. H. A. A ch.-i«t, 6s, igia' lll%b. lll%b. 98
109
OonsoL, gold, 68. 1916
98
98
93
Mem. A Ob'lston— 6b, gold, 1924 102%b.ll04
101
Mlelu Central— Ist, con.,
Jan.
Jan.
Mar.
Mar.
Apr.
Jan.
Feb.
111% May
104% June
91
87
1910 113
82 b.
N. O. Paoiflo— lat. 6a, 1920.
Nortb.Paoltto— lst,coup.,6s, '21 115
105%
Oen'l, 2d, coup., 1933
James R. Val. -lat. 6s, 1936. 103 b.
N. Pao.Ter.Co.— l8t. 68, 1933.. 106 a.
Ohio A Misa.—Conaol., 7a, 1898
115%a
2d, conaol.. 7a. 1911
Springfield Div.— 78, 1905 ...
OmoSoutbem- lat, 68, 1921. 103 b.
4178
2d, inc., 68, 1921
Oregon Impr. Co.- lat, 68, 1910 98
Ore. R. ANav.Co.— lat, 68, 1909 108 %b.
101%
Consol., 59, 1925
Oregon A Transoon.- 6s, 1922.. 98%
Peo. Deo. & Evans.- lat, 68, '20. 113%b.
Income. 6a, 1920
Evansv. Div lat, 6a, 1920. .. 111%
Income, 6s, 1920
Rlcb A AU.— l8t, 7s. 1920. tr. rec 72
Rlchm. A Dan.— Cons., 68, 1915 112
Debenture, 68, 1927
Rooti. & Pitts.- 1st, 68, 1921. .. 120 a.
Consol., 68. 1922
113%b.
Rome W. A Ogd.— lat, 7a, 1891.
101%
Consol., extend., 5a. 1922
8t Jo. AQd.Isl.— 1st, 6s, 1925 103 %b.
71 b.
2d, income, 5a, 1925
St.L. Alt.AT.H.— l9t, 7a, 1894.
2d, M., pref.,78, 1894
105 l
2d.. M., inc., 78, 1894
Dlvldendbda, 6a, 1894.
47 a
St. L. Ark. A Tex.— Ist, 68, 1936 99%
2d, 68, 1936
47
St L. A Ir. Mt.— lat, 78, 1892...
113
2d mort., 78, 1897
Jan.
May
68,
Midland of N. J.-lst.
May
79% May
108% Jan.
95 May
99% Jan.
119% Jan. 124% Feb.
91% Jan. 99 May
77% Jan. 89% June
91 Jan.
98% May
107
a.
Debenture,
May
Jan.
Feb.
8.
AW.— lst,68,'ll,op.ofl
N.Y.Sua.
Jan.
124''8
102
Lex. & B. Sandy-tis, 1902.:102Jaa. 101
100 July
.
„
Erie- l8t. cousol. gold, 78, 1920 137 a 130 b.l32%Miir.
Il2>9b. 112''eb. 112% June
Long Dock, 78, 1893
118 b. 119
Con. 68,1935
115 Jan.
98
H.Y.L.E.&\V-2deon. 68, 1969 99%
93% Feb.
Funded coupon, 58, 1969. ..
88% Feb.
89 '«
FL W. *Denv. C. -1st, 68, 1921 91%
88% Jan.
OaLHar.A San.Ant.-lst, 68,'10 109 b. 109 b. 106 Feb.
2d H., 78, 1905
107 b. 105 June
94 a. 93% June
Weet. Division— Isi, 58, 1931.
2d, 68, 1931
:..
92% Jan.
Or'n B. W. A 8t. P.— 1 8t, 68, 1911
107
99 Jan.
2d Income 88, 1911
47 b. 48 a. 38 Jan.
Qnll Col.ASan.Fe— l8t,78, 1909 121isb. 122 b. 120% Jan.
Gold, 6a. 1923
103% 103
101% Jan.
93%
Jan.
Feb.
127%
July
106 Mar.
130%b. 128% May
85 Jan.
98 b. 70 Jan.
70
65% Jan.
117 b. 117 July
127 b. 125% Jan.
108 b. 107 Feb.
Construction, 5s. 1923
107 Jan.
N. Y. Out. A W.— lat. 63. 1914.. 109 %b. 110
Apr.
107% Mar.
108% Apr.
76i4Feb.
79 Mar.
71 June
68 Apr.
a.
a.
51%a.
115
Jan.
120%b.!n8%Feb. 121% June
b.
b.
b.
81
117
I06\a. IO614 May
130 Jan.
108 July
119% 119% July
124 Apr.
99
98% Jan.
108
107 .Tan.
103
98% Feb.
80
75 Mar.
70 Mar.
79
79
85
95
Mar.
108% June
128 June
117 May
108 Jau.
103 "4 Jan.
b.
b.
96
June
101% July 105% May
138% May 112 Jau.
Elli.
Hendersou Br.Co.— iBt. 6», 1931
H. A Tex. C.-lat M. L. 78
1st, West. D., 78, 1891
lst,WacoAN.7B,1903
Sd.oonsol. M. L. 88,1912
Qcn.mort. 68, 1921
DL Central- 1st. gold, 4s, 1951.
Gold, 3 >s8, 1951.
lDd.BL 4 W.— l8t,pref.,7s, 1900
Ut,6-«8,1909
Sd.5.68,1909
Eastern Division— 68, 1921. ..
Income. 6b, 1921
Int. A at.Nor.— l8t, 6s, gold, '19
Coupon. 68, 1909
Kent. Centr.—Stamped 4s, 1911
KnoxT. AG.- Ist, 6b. gold, 1925
lAkeBh.—Con.conp., Ist, 78,1900
Con. coup.. 2d, In, 1903
Long iBliind— iRt, 78, 1898
Ist, coiUKil., 5«. 1931
lion. A Masb.—Consol., 78. 1898
H.O. A Mobile— l8t, 6s, 1930
Sd, 6^^1930
E. H. AN.— 1st, 68, 1919.
Oenetal, 68. 19^0
Feb.
1.
Range since Jan.
101% Feb.
Mobile A Olilo—New, 6s, 1927 ..
lat, Extension. 6a, 1927
54
Istpref. debentures. 7a
Mutual Cn. Tele.—8. f., 68, 1911 86 b.
Naeh. Ch. A St. L.— lat, 78, 1913
N.Y. Central— Extend., 5a, 1893 104 b.
N.Y.C. AH.-l8t, op., 7e, 1903
110%
Debenture, 58, 1904
130 b.
N.Y.&Har.— lat, 78. 1900
N.Y.Clilo.ASt.L.— lat,68, 1921.. gg^eb.
98 b.
2d mort., 68, 1923
73 %b.
N.Y. CityANo.—Gen., 6s, 1910
N.Y. Elevated- lat, 7e, 1906.... 117 a.
N. Y. Lack. A W.— let, 68, 1921. 127 b.
June
June
1.
1921.
Consol., 78. 1904-5-6
75% Jan.
I
78
73
80
51
99
June
115
A W.—l8t, 68.
L—
Jan.
103% June
119%July 122% Jan.
128 Jan. 130% June
115 Feb. 119% June
ll!»t
1091s
108
Mar.
101 Feb.
113%b. 115 Jan.
105 b. 104% Jan.
106 b. 106 Jan.
97 b. 97 June
100
98% Jan.
129
118
109
Jime
106% May
118% Mar.
23% July 32
96% Apr. 100
b.
a.
105''8
128
118
109
110
105
131
107
121
105
116
Lk.Sh.
July
MioUlgan Div.— 1st, 68, 1924..
Income. 6s. 1911
l8t, 78, 19'27
Minn. A St.
Imp. A Equip.—68, 1922
Mo. K.&Tex.—Con., 68,1920...
Consol., 58, 1920
118% June
108% June
107>«
80>4
1911
Det.MacAM.— Ld.gr.3i»8,1911
E.Ten.V.&
69
23
95
b.
103
101 Is
Denver* RloGr.— l8t,78, 1900 120
Den.
b
127 >9b.
117
Terminal 5s, 1914
CJhlo.
86
112
71
68
Mil.
Jan.
95% Jan.
May
90% Mar.
73%
Sailroad Bonds.
38% June
114%b.;lll%Feb. 116
102%b. 100 July 105
112
'98
73>4
Ol, gold, ser. B, 1908, ooup. ofi
69is
Exten. coup., is, 1986
22
b.
0s, carrency, 1918
Mort. 6e. 1911
107
b.
1911
...
5-6s,
80.
Cbes.O.
Chleaco Alton— Ist, 7s, 1893.
1926.
5s,
Nor.-lst.
adoJTiir.
Q.— Deb. 5a, 1913. 108HI).
Cblc. Burl.
93
4s, 1922
,,^.„ Divls.,
Denver
„,,„,
CWo. Ind. foal R., Ist, S», '36 lOO"**-
1.
tiouetl.
81
STOCK EXCHAN&E. AND RANGE SINCE JAN.
Oloting.
25% Feb.
Feb.
105% Feb.
107% Jan.
109 Jan.
105 H Jan.
83 '8 Jan110 Jan.
99 Jan.
Am. Dock A Imp., 58, 1921. .. 114isb. 114%b. 113%
Feb.
Oentral Faolflo-gold 68. 1898..
Ban Joaquin Br. 6s, 1900
Land grant tis. 1890
Qm*. a O.— Pur. m. fund 68,
N. Y.
XLV.
fVot.
Apr.
May
Jan.
Apr.
Mar.
May
May
May
May
Jan.
Jan.
Jan.
113% May
112
110
Apr.
June
66% Feb.
78% May
72
100
Apr.
May
109% June
112
99%
Feb.
Jan.
119% Mar.
103% May
120
115
115
Feb.
May
Mar.
117% Apr.
109 Apr.
107% Jan.
99
Jan.
60% May
101% May
97
May
106
99
81
Jan.
Jan.
116
lOS
Mar. 99
May
May
May
111 b.ll09
10J%a. 99
111% 109
Jan.
Jan.
117% May
90
101%
b.
101
117% May
107 May
Mar. 111% July
July 104% June
other prioea and the range are from actual sales.
STATE BONDS.
BECURI-HES.
Bid.
Ask.
I
4 lali«nii^-Cla«s A. 8
SECURITIES.
5
1906 105% 107% Missouri68
due 1 889 or 1 890
1908
115
Asylum or University, due 1892
J?'
104%
Funding
2r7o^*^;."v.v::
103 106
New York—68, loan... 1891^1895
.
1892
10
68, loan
1893
27
38
North Carolina-6B,ol<i!.".'.'.".''.JAJ
7a, MaBptalii A Little Rock,
sT
22
Funding act
Ta^Arkansaa Central BE
1900
14
New bonds, J. A J. ...1892-1898
109
Chatham
asa&'-^fj^:;;
RR
-•ii?2
100
""^*\
Special tax, Claas'i
Stamped, 4a
85
87
ConsoUdated 48
"1910
107
°*
as
to
J**
\^
."
Bid.
104
110
112
115
118
35
12
20
8
11
96
";!"!l919 121
Ask.
SECURITIES.
Bid.
Rhode l8land-6e, cou. 1893-1891 115
South Carolina— 6r, non-fund. 1888
5%
Ask.
6%
Brown consolidated 68
1893 104 108
Tennessee— 6s, old
1892-1898
61
Compromise, 3-4-3-68
1912
70
New settlement— 68
1913
106
5s
1913
102%
23%
3a
1913
73% 75
Virginia— 68, old
48
18
68, eonpolidated bonds
90
100
68, consolidated, 2d aeries
60
121%'
68. defen ed. trust rec
10
12
—
July
—
—
THE CHRONICLE.
0, 1887.J
49
BONDS-STOCK EXCHANGE QUOTATIONS ON FKIDAT OF INACTIVE BAILBOAD BONDS.
SECURITIES.
Bid.
E.
tSliirk F.iehayxae J'riceJ.)
. . .1920
A: Snll.
Ko— ma
Atoll. Top.
Bliikliit!
fuud,
(in
Beccii t'D'ck-ldt KoM,48
Ball. & Oolo-lnGs, Park
86
HctilAtered
Bout. n.Tun. A W.— Deb. 6«... 1913
Bnrl. Cedar liapldB A Vtx—
1906
lit S«
1934
CoDsol. & col. tr, 5s
99
109 1«
99 >9
RrglKtrred
Minn. ABt. U-lBtTs.KU ..lfl27
Iowa C. 4 West.- lit •^....1909
Ced. Rap. L F. 4 N., lat 6b. 1920 106
1921
Ist fis
Bnff. N.Y A Ptill.-C0D«.««...1921
Trust crrtlflcates
1«24
General Ca
nilnolf Division— 1st 68
1912
CIie8ai>cake A Ohio—
1908
68, gold, Bi rles
Chee. O. A So. Wcst.-2d 6b. ..1911
CblcftKO A Alton
1903 123
BinldnK fund, 68
Louis. A Mo. River- l8t78..1900 '122
A
Registered
Ext. A (ol., 58
RegieUred
Des Moines A Fort D.— l8t,4B. 1905
1905
lst,2>s6
Extension, 4s
Keok. A Des M.— 1 st, 58
. 1923
Centr. of N. J.— Interim bond certs.
. . .
Aak.
1900
1930 110
68.1926 108
Divisional 5a
A W.of Ala.,lat,con gld.
A N.-8.f., deb., Oa. ..1921
lat niortg., 6s
1920
Erie— 1st, extended, 7s
1897
2d, extended, 5s
1919
3d, extended, 4>aa
1923
4th, extended. 5a
1920
6th, 7s
1888
Ist, cons., fd. coup., 7«
1920
Reorg., lat lien, 6b
1908
B. N. Y. A E.-l8t, 7a
1916
N. Y. L. E. A W.-Cbl. tr., 6al922
Buff. A S. W.-Mortg. 6a. ...1908
A
Evan.
H.-lst, cons., 68.1921
1928
Evans. A Indian.— 1st, eons.. .1926
Fl't A P. Marq.— Mortg., 6«...1920
Grand Rap. A Ind.— Gen. 6«..1924
Registered
Han. A St. Jos.—Cons., 68
1911
Hons. E. A W. Tex— Ist, 7s... 1898
111. Cent— 8p. Dlv.— Coup.,6a,1898
Middle Div.-Reg.. 5a
1921
C. St. L. A N. 0.-Ten.l.,7B.1897
72
70
106
lat, consol.,
Oold, 5a, coupon
ReglBtered
89
109
98
A Bt. Paul—
1898 130
1898! 123
2d, 7 3-108, P. D
1st, 7s, $ g., R. D
1902| 126
Ist, La Crosse Division, 7b. .1893! 117
Ist, I. AD., 78
1899
1903 13613
lat, C. A M., 78
1908 126
Ist, 7e, I. A D. Ext
1st, 8. W. Div., 68
19091
Ist, 58, La C. A Dav
1919i 103
lat, H. A D., 7s
1910
1st, H. A D., 5a
1910i
Chicago A Pacific Div., 68. .19101
Chic. A Mo. Riv. Div., 58 ...1926
Mineral Point Div., 58
1910
C. A L. Sup. Dlv., 5s
1921 1021s
Fargo A South., 66, Ai«8n...l924
Inc. conv. sink, fund 5s
1916
Dakota A Gt. South., 5s
1916
Chicago A ^orlhwestcTO
Extension bonds
1926
Escanalia A L. 8.— Ist, 68... 1901
DesM. A Minn.-lst,7s....l907
130
1361a
90
lieia
120
Louisville
Cecillan
111
98 '8
A
120
Ft. 8.
St. L.
96
Tex.
121
'
68
1U\ ii6%
o.,78
A
lat,
A B.— Ist,
AV.
B.
Jack AMac.— l8t,g.,5s.l933
A Green.— 1st, 68
1916
Registered
Albany A Susque.— Ist,
Ist, cons., guar.,
78
78..
1888 i02'
140
1906
Registered
Ist, cons., guar., Gs
1906
Kegisiered
Bens. & Sar.— Ist, coup., 7s. 1921
Registered
Dei. Muck. A Mar.-lst, 68. ..1921
Pet. Bar C. A Alp, lat, 6. .1913
*
No
11938
i4i
143
107
price Friday; these are latest quotations
00
g.l916
10ft
100
6s,
K.A8o.Wn.-lat, 68.1918 101
1905
1905
Consol., 6s
ASt.L- l8t,cp.,78. 1900
'119
1913
A
138
W. C-lst, 7a.. .1912
1912
2d, 78
1912
108
3d, 78
102 >4 102''e
Clev. A P.— Cona., a. fd., 7a.l»00
4th, sink, fd., 68
1892
112 114
Bt. L. V. 4 T.H.— l8t, g., 78.1897
1898
123
2d, 78
1898
2d, gnar.,7a
Pine Creek Railway—68 of 1932
Pitts. Cleve. A Tol.— 1st, 68.. .1922
1211a 124
vrs 1251s Pitts. Junetlon—lst, 6s
1922
122
1932
Pitts. McK. A Y.— Ist, 6s
103
Rich.ADanv.—Assen. deb., 68.1927
1937
Consol. mort., gold, 58
Atl. A Char.- Ist, pr., 7s.. ..1897
106
110
•59
118
92
Pitta. Ft.
137>a
135
128
105%
119
114
04%
114
Incomes
1900
97"
Rich. A W. Pt. TerX Trust 68. 1897
San Ant.A Aran8.-lst,68,'85-1916
1926
Ist, 68, 1886
Bcioto Val.— Ist, cons., 7s
1910
Coupons off
65
Bt. Louis A Iron Mountain
Arkansas Branch— 1st, 7b.. 1895
1891 1043b 105"
Cairo A Faltoti— 1st, 78
Cairo Ark. A T.— Ist, 78. ...1897 111
102
97
St. L.
Alton
Bellev.
A
A
Ter. Haute—
So. 111.— let, 88. ..1896
Manliat.
A
Paul
II8I4
HclenaARedM'n— lst,g.,68.1937 105
1907 130^
Svra. Bmg. A N. Y.— l8t,78.1906 130
Morris A Essex- l8t, 7s
1914 141
2d, 78
1891 112
BondB, 7h
1900
78 of 1871
127
1901
Ist, con., guar., 78
1915 133 134ifl
Del. A Hud. Canal- Ist, 78.. .1891 1061*
1st, cxt., 78
1891
Coupon, 78,
1894
Registered, 78
1894
Pa. Div., coup., 78
1917 141
118
106
Pao.-l8t, 6b
68, ex coupon
Pitts. C.
1921
1980
'.
Pal.-lst, s. fd., 68.1936
A N. P.-Gen., 68.. 1923
Registered
Mortgage, 7s
108
.
A Decatur— ist, "fi" 1900
Ala.— S. f., 68
1910
Louisv. C. A L.— Us
1931
5 p. c. 50 year gold bds.. ..1937
Pens. A At.-lst, 6s, gold.. 1921
Lou. N. O. A Tex.— 1st, 58.... 1934
Bt.
2d, 6s
1926
Col. A Cin. Midland— 1st, G8..1914
Del. Lack. A West.-Couv. 78.1892
114%
116%
Bg.— 1st, 68.1910
Registered
2d, 7s
1907
1920
2d 3s
Bpok.
981a
11«
110
lUH
Con. 6s, ex coupon
Trust recelpta
101 103
Pennsylvania RK.—
103»8 lOS
4ias,
lBtop..l921
Pa. Co.'s guar.
1211a
1921 104
105
Pa. Co.'s4ise, reg
Northern Pacilic —
Registered
Cin.
Col.
11314
113>a
114
1908 106
1907
1898 108
6a. 1905
68.1906 104
1909 91
1909 00
Beach Imp. Co.—7a.l909
BeUev. A Car.— 1st, 68
1923
90
1911
St. Paul Minn. A Man.—
Mexican Central— 1st, 78
1910
Dakota Exten.— 68
Ex coupons 6, 7, 8
1922
Min's Un.— Ist, Gs
1911
New assented, 48
701a 7II4
129
Income Iwnds
1911
241s St. Paul A Duluth— l8t, 5s.. ..1931
Sodus Bay A So.— 1st, 58, g...l924
1902 108
Mich. Cent.— 1st, con., 5s
1909
Tex. Central— 1st, s. f., 78 ....1909
68
1911
1931
1st mortg. 7s
Coupon, 58
1905
1931
Tex. AN. 0.— 1st, 7s
Registered, Ss
1912
Sabine Division, Ist, 6b
1891
Jack. Lan. A Sag.— 6s
119
Milwauk. A North.— 1st, 68... 1910
109^ Tol. St. L. A K. C— Ist, g., 68.1916
Extension, 68
1913
107
Valley R'y Co. of O.— Con. 68.1921
1936
Vir. Mid.— Genl. 58
Mllw. Lake S. A West,—
Conv. deb., 5s
1907
101% Wab.St.L. A Pac- Hav. Div.-68.'10
Indianapolis Div.—68
1921
96
1925
116
Ashland Div.— 1st, 68
1921
Detroit Div.— 68
Minn. A St. Louis1931
Cairo Div.-5s
Iowa Ext.— Ist, 78
1909
1900' 131
towaMiiiland-l8t, 88
136
Tol. A Wab.-Equip. bds., 781883
1891
2d mortg., 7b
1890
Quln. A Tol.— Ist, 7s
PenluBUla— l8t,conv.,78... 1898 130
Southwest But,— Ist, 7a .
1910|
Han. ANaple8-lst,78....1909
Oilc. A Milwaukee-lat, 78.1898 120i« I2II3
1021
Pacific Ext.— Ist, Gs
1071s
111. A So. Iowa— lst,ex. 68.1912
Win. A St. P.-2d, 7s
1907 131 ISlifl Minn. A Pac— let mortg. 5a.. 1936
Mil. AMad.-lst, 68
Minn. A N. W.— l6t, Ss, gold.. 1934
104%
Bt. L. K. C. A N.1905 117>a
Omaha Div.— Tr.Co.r60.1919
110
Ott. C. F. A St. P. -lat, 58.. 1909
Mo. K. A T.— ConB.,2d, inc.. ..1911
1919
Clarinda Branch—68
Mo.—
Ist,
Korthern 111.— Ist, 5
1890
1910
H. A Cent.
7s
1061a
StCharles Br'ge— l8t,68.1908
CI. Col. CIn. A ludlauap.—
Mobile A Ohio— Col. tr., 68 ...1892 100
7s
1895
Missouri—
Ist,
No.
12013
1931
lat, 78, 8. fd
St. L. A Cairo- 48, guar
73
75
1899
Wab. St. L. A Pac— Iowa Dlv., 68
Consol. 78
134
Morgan's La. A T.-lst, 68.. ..1920
1914
Trust Co. receipts
Coneol. sink, fd., 78
1914^
1918
Ist, 7s
West. Union Tel.—Coup. 7s.. .1900
Clilc. St. Paul M. A O.—
Nash. Chat. A St. L.— 2d, 6b.. 1901 *110 111
Registered
CUlc. S. P. A Minn.— 1st, 68.1918 123isl25ia' N. Y. Central-68
1887 1005b
1904
N. W. Telegraph—78
No. Wiaconsln— let, 68
N.J. June— Guar. 1st, 48
1986
106
1930
Wheeling A L. E., 1st M. 58. .1926
Chic. A E. 111.— 1st, 8. f., cur.. 1007
Registered certiUcates
II6I4 N. Y. P. A O.— Prior lien, 68 . 1895
C'onfol., Ist, 68
Tenn. C. I.A R'y. —Consol., 68.1901
1934
1902
South Pitt8.—lst, 6a
Chic. AW. Iud.-l8t, s.f., 68..1919
ii6k; N. Y. A New Eng.— 1st, 7a.. ..1905
1917
General mortgage, 6
Bir. Div.— l8tcon.6s
1905
1932 110 11238'
Ist, 68
0>al
I.—
6s,
g..l917
A
Chic. A St. Loufh— Ist, 6s
eoia 93
Col. A Hock.
1915
N.Y. 8nBq.AWest.—lst,ref. 58.1937
72I3
luconie Bonds.
2d,4i28
Cln. I. St. L. A Chicago—
1937
(Inlere^l payable ij earned.)
lat, gold, 4s
1936
N. Y. N. H. A H.- Ist, reg. 48.1903
130
114
118
Ateh. Col. A Pac— lat,
Atoh. J. Co. A W.— lat,
Ut. 80.—Gen., 7a
Exten., 1st, 7a
Bt. Xx)ul8 A San Franolao(>—
lat, 6e, Pierce C. 4
1919
Equipment, 78
1806
Gen. mortgage 68
1931
Kan. City
Nashville-
Branch-78
Pensaeola Div.— 68
St. Louis Dlv.-lst, 6s
Nasliv.
S. A N.
1271a
iis'ia
C—
H.
89^
•
OoL Trust, 5a
O. Br. U. P.-F.
102%
1897
1907
1951 •116
78
2d, 6a
124
123
CoLTmat,6a
118>a
T.
Bid.
Weat. Pueltto— Bonda, 6a.. ..1899
No. Railway (CaLJ-lat, 6a. 1007
Union Pao.-iat, 6a
1896
lat, 6a
1897
lat, ea
1808
116
107
Mt. Vernon- l8t, 6s
BECURITIEil.
Rai\ToaA»—(OonHtnudh-
Paelllo
. .
2d Dlv., 7a . ..1894
Dub. A
Ced. Falls A Minn.— 1st, 78.1907
Indlanap. D. A Spr.—
Ist, 78, ex. fund, coupon. ...1906
Lake Erie A W'n -Ist, g., 5b.. 1937
Lake Shore A Mich. 80.—
Cleve. P. A A.— 7s
1892
131
Buff. A Er.— New bonds, 7a. 1898
Kal. AW. Pigeon— Ist, 78... 1890
1906
Det. M. A T.— 1st, 7s
99
Lake Shore— Div. bonds, 7a. 1899
98
Consol., reg., Ist, 78
1900
Consol., reg., 2d, 7s
1903
132i«
Mahon'g. Coal RR.— Ist, S8.1934
Long Island RR.—
131>s
N. Y. A M. Beach— 1st, 78.. 1897
1934
N. Y. B. A M. B.— Ist, g., 58.1935
2d 78
1900 116
St. L. Jacks. A Cblc— 1st, 7«. 1894
1894 117
1st, guar. (564), 78
2dni(irt«. (3601,78
1898
1898
2d, guar. (188), 78
Ml»e. R. Bridge— lat, 8.f.6a.l912 106
Chic. Burling. A (Julncy—
Consolidated, 78
1903
1901
Cs, sinking (und
Iowa Dlv.- Sink, fund, 58.. 1914 lll»a
Sinking fund, 4s
1919 98«ii
Plain, 4s
1921
Chic. Burl. A No.- Deb. 68.... 1896
Cbl. R. Isl. A Pac.—68, coup.. 1917
D
107
50
Trust cirtltlcatcs
Centrul Iowa—
Knstern Division- Ist 68 ..1912
Ist, 8s, P.
Bid.
A Qa.— lat, 7s.
Bill. C.
1925 112>a
Chicago Milwaukee
Tenn. Vs.
E.
1011
1936
B ..1919 124 >< 126
Bs.KoId
BECURITIEB.
Ask.
Itondt*.
Kailroiiil
A No. E.-Pr.
A W.—Gen., 68
New River-lst, 6s
Imp. A Ext., (is
N. O.
Norf.
1.,
g.,
6a ..1915
1931 116>s
106%
119%
107
118
iia"
'
79
79
110
102
97
87
96
123
125
60
ide"
lOlis
105
8411
29
Cliiengo A Eastlli.-Incomo..l907
Des M. A Ft. D.— Ist inc., 08.1905
1921
Det. Mack. A Marq.— luc
1970
Eliz.<31ty ANor.-2dino
ino
.. 1906
Ind'ap. Dee. A Spr.- 2d
.
week.
"m"
"so"
11613 119
1161a
19.32
114
'riu.st receipts
1934 ioo'
1888
1924 106 iofia Leh. A Wilkcso. Coal
Mobile A Ohio— 2dpref. deben
1920
Ogd. ALakeCh.-lst, 68
3d pref. debentures
Ohio A Ml88.—Cons., s.f., 7a.. 1898 115
4th prf:f deticntures
1932
General 58
85
70
N. Y. L. E. A West.— Inc., 68..197'
Ohio Cent.— 1st Ter. Tr., 68... 1920
Ohio Ont.-Mln. DIv.-Inc. 78 1921
1921
Mln. Div.— 1st, 6s
1936
Ohio River RE.- 1st, 58
100 Is Ogdensburg A I.Ake Champlaln—
1920
Omaha A St. L. U'y.— 1st, 48.1937 78>a 791s Income
1921
Roch. A Plttsb.- Income
1921
Oregon A Cal.— Ist, Gs
St. L.I.M.A 8.— 1st 78, pf., int. aco't
Panama—Sink, fd., sub., 6a.. .1910
Sterling I. A R'y, series B.-Ino.'94
87
Peoria Dec. A Ev.— i!d, B8....1927
1896
Plain income 6b
Peoria A Peh. U'n— Ist, 68.. ..1921 111
Shenandoah Valley— Inc. 68.. 1923
1921
2dM., 4188
76
Free Ll««.
Pacific RR.-ceiitral PaoUlo—
Cumberland A Peim.— lst,63.1891
1895 II414
Gold bonds, ««
1888
2d mort, 6s
1896 114>4
Gold bondK, «s
Gal. H. A II. of '82— 1st, 58. .1913 * 77
1897 11438
Gold bonds. 6s
7s
1889
1st,
KK.—
Jeffeison
Oregon-lsf,
lOOie
68....1888
Cal. A
99
N. Jereey Soutli.— Guar. 68.. .18991
Cal. A Or.g»n-Ber. B., 6 1892 103
this
98
90"
94
Atlantic A Paoillc—
Central Dlvi.tion— Income.. 1922
Cent. Iowa— Coup, debtcertf's
Adjustment M., 7s
made
120
45
100
30
35
—
1
-
BBCCKITIK8.
AKh *
BANKS.
RAILROAD BONDS,
Ti
Inc. 78. end., coup., '94
A O.E. Side— certs.
Belvld'e Del,— l»t..«8,1902
rULn, S>
20
18
let, 68,
..
lOStj
1906
Con., 68,1913
Land <nnt, ?•
OlltonJa Ro.-6a
US'.
.
Idoobms
101
"a
66 >,
6«
«S
5b
aat^ca, ilum.—e». new.
118
{lH^i
Col.
K. Cit r fct. Jo. 4 C. B.— 7al
K. CttT np'd A Main.—Oa
X.C. Clint
UUIaR. A
;20
iia
lOi
A SDringf.-fia
Ft.R.—7a...
.|
onlaT.Ev.Art.L.-lat.Ca
IM
82 ".
2aaatt
A
OiiL-1008,
ii
SO
Ii^5, ea
'Vis
|"1P
1
L„
l8t,
P8
C0D8. 68,
{.,
II.Xax.A8p.Pu.-7a
M. r.AH. Kucland— 7a..|
da_
?8
103
1
rnebloA Ark. VBt—7b..
108
HotlxBd— lat 6a
123
108>!>
fta
B-mtbem Kao oae
luoomea
101
92
fia
..
Hmon—ls
Mawlea
STOCKS
AtchlBon
A
XoatOQ A
Boaion A
Bo«t«n A
I'S
i
68>4
68
II3I4 113»,
I2US
•169 1171
Albanr
|*20J
Lowell..
Maine
'
160
28
1
I
A Canton
Freferrwl
10
g't
38
A
Cln...
Concord
ConneoUcnt River
^...
CuDn. A Paaanmpaio
113
l>et. Lanalng A No,, pref,
Prtferred
L
lot
.,
Spnngf. A Mem.
Roek A Ft. Smltli
C.
I,tttle
l«al>v. Et.
A St.
80
i
77
|'.
Lonle
|.
Preleirrd.
I.
Katae Central
Mancheater
18U
{
A
Lawrence-i
Marq.Hoagbl'DAOnUm.
Preferred
j
Maxlcaa Central
18
H. Y, * New England. ..!{ SO*.
Pi«f erred
ISH
'
Preferred
War«eeter N'aab'aAKool!.
PHILADELPHIA.
lOVl
46
Oauwlaaa
lat prelerrtd
'
18
SO>s
•d preferred
IMaware A Bonnd Braoli iii"
Xaat Pennaylvanla
'CUnlra A WlliianiBport..
_Pref erred
iBailagd'n A Broad Top
Preferred
I<elllgh Valley
'
UttlaSobnylklll
JUMbUI A t^ch. Haven..'
••Wehonhig Valley ..
«OTtbera Central
•rtli Pennnylvanla.
PannaylTaiila
Philadelphia A Erie..""
A
Phlla. (ler,
Nomatown
Phlla. NewtuWD
N.V
Pblla. A Keadlog .
Phila. Wllm.
Bait
"
VBl'nd N,
A
A
J,
Companlea
waat Jersey
Waat Jeraey A
Atiantloli
CAN-AX, STOCKH.
Lahlgb NartcaUoB
BchOTUull NavigaiioiL.
do
do
Prei
.
•«x.diTW«n<L
4ft
....'1:14
City
Clinton
117
120
1/5
125
I'.O
115
40
230
260
124
....
Eagle
24
Empire City
lOi)
93
122
111
l:io
130
118
108',
A Pac— Ist, 68,1908
3U
128
lu5
98
122 >a
116
106
it"
86
110
115
130
105
310
160
125
]Bld.
U
80
91
165
49 "a
iao'
U5
145
150
83
135
ns
100
110
108
133
85
'.0
:oi
103
ISO
,
People's (Bklyn.)
Bid.
Williamsburg
60
r25
Bonds, 68
..II"'
Metropolitan (Bklyu.i...
Xunlcipal— Bondf, 78....
Filton Mnmclpal
110
84
105
140
Bind.', 08....;.
.'.
106
120
110
EjultaUl"
Bonda, 69
D. D. K. B. A B.— Scrip, 6a 104
lii^hth AT.- ST.ock ...
UO
scrip, 6a, 1014
107
104
42d A Ur'nd St. F'ry— SlK 200
lOo't
l8t mort., 78, 893
112
100
100
170
110
175
108
155
160
90
A
42d St. Manh.
St.
N.Atb
Ist molt., (is, 1910
2d mort., lucome, 69
loU8t.W.St.AP. F'T~Stk
Ist mort., 78, 1894
<llnth
,
Ave
Sicond At.— Stock
Istmorr.. 5». 1910'
1'20
000301., 78, 1888
38
108
60
155
110
101
"os"
101
..'
Av.— stock
Sixth
Aak.
I
108
175
100
175
105
1£0
100
180
110
130
150
110
83
125
158
170
280
,
Aak.
63
130
114
86
'110
145
108
125
113
107
168
110
215
117
39 ii
109
63
160
113
105
125
107
I'ii"
, ...
120
1st mori., 7s, 1890
iio'
Third At— .Sti.nic
200
Bonds, 78, 1890
1121a
105
155
rw ^nty-tliir«i St.— .stock. 245
1121,
l^t nor'., 73, 1893
112
12.1
7«
lis
206
107
285
114
mort
2d mort
Fear A Yad. Val., Ist
(.Ilea. AO,. ser, B,r.ef. scilp
Cliic. A Atlantic— Beuef.
Chic. Santa Fe A Cal 68..
109 Hil
85
I
.'.:.*"
02»<'10S34
3
5
...I
I
Coeur d'Alene
Ibl nio' t
Dul. S. Shore
69 '•j "oijii
A
At.— Slk.
10
33
28
of Ala.
Kanawha A
1^6
114
102
79
46
30
105 14
ta
iVa"
IV
pief
lat
1)8
lau
2i2
North, Pac
DiT. bonda-. 100
Orange Belt 1st
Peusacola A Atlantic
fltta. A Weat. RR., lat M.
Kich. York KiT. A Chea..
Rome A Decatur
1st mort., 68
St.
Sf.
Louis Ft.
S.
A
1101
100
Wich..
Paul E. A Or. Tr., latBa
Tol. A.A.AMtPloaa.— lat
Tol. A. A. A N. Mich
240
Tol.
O. Con:— Pief ....
211., lol. bt. L.A Kan City,
Itt
1071-2 Utah Coiitial.— Ist
571, Vicksb.A MeruUau
4",
61,,
Pref
20
10
,
7
Kan. City
A
Eqnli>ment 73
N. V. City A Norlhern.-..
N. Y. W. 8h. A B.— Stocx.
A
19
Ohio......
latliref
2il
Ist njorigage. tr. rec
Mich.
Ohio— 1st il
N.Y.Chl. &St.L.,iec.'2ilM.
38
06
86
lat moit
2d mort
InciiineS-.
AOmaha
'.'.'.'.['
I"""""
..
West Va. ItU.— l8t,"6',s.""
Keeir Motor
A est N. Car.- Con. M
Win. A St. Peter— Ext. 78
11
aoaton Bants.— FoUo Wing are the totals of the Boaion banks
Loans.
1387.
Specie.
L. T'nders,
t
$
J'nelS 145,3-'4,70( 10,057,200
" 26 lii,-2l*,SW
!>,70«,'.J0(i
J'ly 2 141,012,501
8,-S2,30lj
I
PUiladelplila
no
134
124
121
16
Electric Light...
let 68
i'OB'i
104
Cfipe
A Springfield.
Nat.Construct'n Co.
Mex-,
Mexican National
Brooklyn Elev'd— stock..
106
118
80
116
Amer. Tel. A Cable Co
75
Atch. A Pike's P'k, 1st Bs 105
AlIa.A Char. Air L..l3t 7s
At.APac.-l8t-\I,CD.uew8 101
Host. H. T.A West.— stk.
ii.dlaon
121
4m
SO
122
lUO
102
106
100
IdO
106
163
105
8u8hw'k Av. {Bklui- Sfk 150
Central Croaslown— stk.. IcO
lat mort., Ga. 1922
116
Cent. Pk. N.A E. Kit.— Stk
Consol., 78, 1902
116
Ohrlafph rAlorh St— Stk. 121
Bonds, 78, 1898
110
Dry Dk. E.B. A Bat'v— Stl lEO
lat mort., 7g, 1893
110
2d8
,
105
SrooklyB City— Stock
Ist mort., 5a, 1902
Bklyn. Croastown— stock
l9t mort., 78. 1888
Pref
East A West BR.
SO "li"
A Weiaon-8a. ...."
Bid,
National
100
N. Y. Eqnit. 165
N. Y. Fire.-I 95
Niagara
160
North Kivei I'lO
Pacific
170
Pirk
10
Pel'r Cooper 170
People's
100
Phenlx
ViO
Uatger'8
140
Standard
105
-Sterling
35
Stuyveaant 118
United St'es 140
Westchester 140
WUliamab'g. 270
GAS COJIPANIKS.
ABk,!||
1
A
Ueorgta Pac.— Stock
WUm. C. A Aug.—6b...
COMPAN'S,:
Ask,;
City RR. Qaotatlong by H. L. GSiNT, Broker, 145 Broadwaj.]
I
Coui.Cona. Imp.co.Tr.btk
166
.60
RAILROAD BONDS.
Atlanta A Chart.— let..
luc
Baltimore A Ohlo-^a
U aat price UUi ,
135
146
75
125
Kings Co
200
Knickerb'k r 85
Long lRland|100
L.aiajette ... 100
Mauuf'c.A B 120
Mechanics*
75
Mercantile.. 60
Merchants'
90
Moutauk
93
Nassau
140
Howard
81'cker St. FuU. F.— stk
28
lat mort., 7a, 1000
112
Sr'dway A 7rn A v.— st'k
lat mort., 53, 1904
:oi
2d mort., OS, 1914
104
B'way Siirtace bilH.irnar..
Bouids guar,, OS, 1903 .,,
Cinciu,
120
..
|
250
80
IBO
Home
60
let
130
»7
81
66
Bchuylk. NaT.— lst,6B,rg.
Sd, 6». rer.. 1907
Weatern Maryland
128
Third
Ijlat.
Jefferson
.
CANAL BONDS.
A Del.— 1st, 68,1886
Lehlgb NaT.—4H,s, 1914.
Mort. RB., reg., 1897 ..
Cone., 78, reg., 1011 ...
Pennaylv.— 68, cp., 1910.
CbeB.
Central Ohio—Com
Pref
""
Unlisted Securities.— Quotations from both Exchanges:
SECURITIES.
iBld.
SECURITIES.
Bid., Ask
1923
3d pref.
ParkerBbdrg Br
'
128
104
anited Sl'es 210
HanoTor
55
102
OonsoUdatod Gas
79
J'irsey City A Hoboken... 160
Metropolitan- Bonds
115
Mutual (N. Y.)
9i
Bonda, 68
100
Niaaau(Bklyn.)
101
Scrip
93
123
W.j6r86yAAtl.— lst,6a,C. 107'
Weatern Penn.— 68, coup. 107
68, P. B., 1896
108
88, reg.,
..
Greenwich.. 220
Guardian ... 73
Hamilton .. 125
10,S
Warren A P,— lat, 7s,'96 106 >i
Weat Cbester— Cona. 7b.. 110
Ist, 79,'18P9
Cons. 89, 1909
31
142
210
...
Sew York
107
93
1938
Consul., 6a, 1903
nnlon A Tltusv,- l8t,7B.
United N, J,— Cons.88,'B4
Cons, 68, gold, 1001....
Cona. 6a, gold, 1008....
Gen,, 4b, cold, 1923....
Vasaau-
1
COMPANIES.
OA.B
72^
Sniib.AI.cwl.',fn 78.C..'08
Syr.Oen.A Com.— Ist, 78.
T»x.
142 '3
'
tirooklyn Gas-Llght
Oltizens' Gaa-LigLt ...
Bonds, 53
66
ser.,c., 1933
Debenture coup.. 1893. i SO
60'«'
Conv., 7»,R.C., 1893...
DefeiTed incoiuea, cp...
Phll.Wil.AB»lt.-48,tr.ct 101'9{1U2
2rt, 69.
i72
128
Gaa and City Railroad Stock* and Bonds.
tG»» Quotations by Oko. H. Pbkntiss A Co., Brokers, 49 Wall Street]
6S>«I
Cons. 38, 2d
Wll.
.
Commercial. S5
Continental. 225
Exchange... lUO
125
Farragnt
Flremen'8'". 100
German- Am. 300
G6nnanla...|15J
Globe
1118
Phil,AEri6-l9t,78,cp,'88
Cons., 68, 1920
r.i3
Cons., 59, 1920
—
166
Aak. C01IPAN'S.| BiiL
:
Citizona*
101 \
AN. y. 0.-78,1896.
A
Bid.
....142
Cen. Ohio.— 6b, l8t,M.A'8'.
t Yos
Charl.Col,A Aug,-lBt.. 111
2d
109 <,
CUi. Waeb. A BalL-iata.
67
83
3dB
"ii'
8^
Sda
t4>k 88
let Inc., 8b, 1931...""
vo
16
ColnmblaA GreeoT.-latt IOJIq
"Vi"
Sda
S4
86
C6^ No. Central—4 "aa'jrVAj' ll>8
31
«a,1900, A. A 6
121
lift
6a, gold.1900, J.4"i"" llu
Sa, SerieaA
110
88 >B 28 ^
68, Series B... .
109
Pltt«b.ACon'ell9.-7BJAJ 119
2)6
Union KK.-l8t,gna.JAJ
18
61
Canton endorst,d
8U
Virginia A Tenn.— Ss""' 105
tP.r.ha...
11th Ward- 150
fifth Ave-.. 700
First
1600
Fourth
14B
147
Fulton
150
165
il90
I2i0
let pref.
I
vfchs'ATrs' 145
Mercantile.. 145
tfercnanta
:4l
H'roh't9'Bi. 117
Vfetropollfn 25
7,1908
Atlanta A Charlotte.
Baltimore A Ohio ...100
« Ptill.,aa8.pd.
.
Eich... IH7
iha, Trust Loan
Pa.
162
IS8
IBS
Vfarket
Vfechanlos'
128
131
126
ISO
187
155
Park
170
People's. . .. leo
|Phonli
110
Sepnblio . . 136
'st.Nioholae. 121
7th Ward. .. 118
220
SSoeALeath 140
StateofN.Y. 12s
». Amertcn.
forth RiT'r.
Iriental
Faciflc
330
138
208
"last River.. \X2
Bowery
1 60
Broadway... 180
Brooklyn ... 2r.0
HAL.Tl.'nOKK.
RAILB'D STOCKS.tPai
ILAILRUAD MTO0K8.
Preferred
Caoidn A AUantle.
Praferred
Oom
W.JerBev_l8t,6B,op„'96
Xectliem
180
RorwlctaA Woroeater...
Ocdanab, A L. Champlaln
Old Colony
Portland Ha«o A Portam. 186
Poru. Ut. Falla A Con'y.
Katland
"'i'
Pratonad
44
Bamoiit Branch
10>a
Wlaoonain Central
22 ii
Jtua, .s,v,
177
130
Iir.i'ii'a
Cone., 68, coup., 1906...
Cone.. 88, reg., 1919....
A
ShamoklnV. A Potts.- 79
Sunbury A Erie— lat, 7a.
Sunb. Mac. A W.— iBt, 8s
Ii4
34
Xan. C.Clln. A Bpringrd
Xaii.Cily Kt. s, AOuIf..
Preferred
173
..
Count" 200
Jlnth
205
.
ftn-ATrad's'
Irving
Leather Mfa'
Manhattan,.
•
!!73
(100
88, coup..
Pitts. Cln. ASt.L.- 78-B.— 78,cp.
Pitte. TitUB.
Kaaiera
yitcbborg, pref. ,_, ....
Hint A Pere Miu,..«(te.
Preferred
lowaPaUe A Sioax City.
Ohaae
Oontliieiital.
».Y.Nat.Kx
G^rm'n Am.. 113
Gerraanla.
200
210
Ohatham
Ohemlcal.... 24 00
Oltlzens' .... 133
oOO
Olty
.0,1
I
Pennsylv.- Gen,,68, regOen.,6B,op,, 1910
Phlla, Newt. A N.Y,— iBt
Phil,
R,— Ist.es, 1910..
2d, 78, oonp.A reg.,;893
Cons., 78, reg., 1911
:osi
Cons., 78, coup., 1911 ..
Con8.,89,g., 1.R.C.1911
49
Imp., 68, g., conp., 1897
Gen., 6s, g., coup., 1908
Gen., 79, coup., 1908....
87
Income, 78, coop., 1896
Conv. Adj. Scrip, '83-89
26 Si
Cons. 5b, Int ser.,o.,1922
PreJerted
Cbeahlre, preterred
Clil«. A Eaat'n Illlnola... tlU^
Cbic.'Barl, A North'n
86
Obic. A West Michigan..
C'nn. Handanltv A Cleve. i....
Col. SpiUigf,
Creek- l8t,
Oil
23U
(^Ifomla SoQtbem
Ontral of MassachuaetU
CleTalasd
192.1-.
Aak.
Bid.
>f.Y.
Greenwich ., 112
Hanover.-. 170
iH5
American.. 103
Amer. Exch, 90
2'22la'228
ProTldenc^
Boston Con. A M.. pref..
BaatoD Revere B, A Ljau
Broadway... 2B0
antcha'A Dr 1«1
OOMPAN'S
Perkiomen— 1 at, 6s,cp,'87
1
A Topeka
ton
:oi>i
lOJVi 1071a
Wtaconain Ceut.— lat aer.
CAR.,
No. Pcnu,-Id, 78, 189:)..
tlen.,78, 1903
Debenture 69, reg
104
Norfolk A West.- a6n.,66
K, R.Diy„l8t, 69.1932
ioisi N. Y.Phil.A Nor,-let, 88
lnc„68, 1933
Ordenab.A L.Ch.—6a
ConaoIMated 6b
Incomea
Girfleld
210
Inaurance Stock
.
Si's Leb.V,-l8t,68,C.AR.,'98
2d, 78, reg,, 1910
93<s
1144
'275
.. ..
TQuotatlona by E. S. Bailey, 6'^ Pine St.]
IthacaAAth,— Ist, glrt.,78
InooiB«
Sorip
Debnitnre. 10a
Am. Exch... 141
/is,
Kast Penn.— l8t,78, ISSb
EautonAAmb'y- 68, 1920
EL A Wmsp'l-1 8t,68, 1910
88, perpetual
Harrisb'g— 1 at, 68, 1883
H.AB.T.- l8t,78,g., 1890
Cone, 88,1895....
Ta
Kao.
112
AC, M.— 181,68.1914
IDulntli 81)01
ea,
MexicaQ Central—4a ...
;G<lIatln
IConnect'g 68,cp.,1900.04
Del. A Bound Br.— lst.7e
lU
104
180
Commerce
Cam. A Amtjov- 8a, o„'89 104 3« 105
Wih
Mort„8B, ia8fl..._
Cam, A Atl.-l8t,78,g.,'98
art, 8e, 1904
Coua., 6p. c
Cataviaaa— l8t. 78, con. o.
New 7a, reg, A conn
l!i7
rremJOk
!i.A.Mo.V.-6a
K.C rort Poott A 0.-7B
X.CItT LawT. A8o.--8a..
N,Y,A Phil.— lat,6s
lal,Tr, 68, 192S
ti8
'
Vermont
Boff,
1U
Ineoirp tis
,
Chio.' H. C. * Weal'n-6«.
174
Central
Cons, m. 4.^., 1927
Bella Oap— lBt,7a, 1896
Bar.*l(o.lDX«b.-Kx't,6s ISO
•• Bpocienipt
BANKS.
1
I
Bait,
Martf^Kt, 8a
XLV.
Locai Secnrltieg.
Bank Stock Liat.
BANKS. Bid. Ask.
A8K.
isia.
America
lUegh. Val.-7 3-108, '96 116><
110 "a'
7b, K. ext., 1910
Top«k»-ltt,T*.
I^aigmxl,
Mew York
SKCUBITIBB.
BIA.
BflKTON.
Srta.
.
[Vol.
and Baltimore.
in Bostoa, Philadelphia
QmouUons
Var. H.
. ..
THE CHRONICLE.
60
Cooa.
.
1887.
Jnco 11
"
"
18
Jtily
eek.'
'
Deposits.*
Circula'n
2,7sri,800 112,192,300 10.080,300
2,-07,»uu 103,^6.0, SUU 10.238, 3UU
.04,071.2011 9,y63,U00
Banks.—The totals have been
Loans,
Lawful Mou'y Deposits,'
$
89,21^,800
24,547,100
8r,y.l,-.iOU
'^4,9.i7,5U0
88,370,000
25
'S,tfi2,300
2
^5,0J/,10O
89,140,600
8ii,s'Jl,s00
08,,i60,tiu0
.i4,3)4,7»0
b'-,8o»,400
iuoiaduig laeiiem "due
u,
I
Agg,Cl'ng»
$
85,949,461
9'J,7c6.4b9
as foUows;
Circula'n
Agg.Cl'Dgg.
s
3,426,250
3,4ll,uou
J,43»,C30
3,aul 9jO
P9,Sl76,448
7/.»S4,9'23
a6.817,'.'18
7b.b90,81lk
other uaua.^.
I
.
July
.
1
!
New York City BonkH.—The following statement shown the
condition of the Associated Banks of New York City for the
week ending July
2,
Lonna and
Sptcte.
Ditcountt,
170 .000
U».7:fO
.000
Maiihiittan Co
Mer hiintV
0.894 .200
8 4«7.,01)0!
llMliiiiile*'
Anitx-icii
10.9Sft.,700i
s.ise,;.ooo:
PhonU
City
TmiU'anien'e.......
Fulton
Cheiiilial
>Ie^c^ftIJtV Kxch.
Oallatln Nktlotial.
gutctif«rs'
79B.200
371,800
lOl.COO
129,300
403,800
267,100
641,400
,1 95,000
ehoe
.,.
Leather..
.t
Kxchange
...
'Continental
Imiiortera'
Park
4 Trad.
S33.> 01
ROI.SOO
,7m2,8O0
450.900
607,200
47'2,60
494,>-00
28.8,900
607.00<
946.000
5H,;,00
2 11, COO
000
,78.%400
19.730.,00o
18.4S1 ,101'
River
East River
Fourth National..
Central National..
Second Xiitiotial ..
Ninth Niirional..
Jfortli
•J
05'»
.97'2.'-0l)
WO
125 000
235,^00
.469.000
885,000
639,000
1.2X9 200
18.197 ,601)
7.H17, 000
oOOl
5,0'.i7, 2001
S.'iS.'i,
.
First National
1H.:<19. ei'O!
4,9lil. !0l)
Tliilil Nalirinal
00
783.000
300
•.i.aro
Oriental
,627.!
1.930 310
et. Nic-hnlM
Com
180.700
lo.aiM,,700
i),8B.'!.,<00
2.829..600
3 dig,,41'0
8.03H,,•.0
9.120. 701
«.191. 000
6.941, 000
4.7f8. 700
.S.019
IJTiiijf
Mwke'
975,700
.407.70
1 ,',!37.IIOO
3 ,02 •4.800
937,000
1.4ti5,700
•J0M.700
Bowery
2451. 400
N. Y. County
<3erman.Amortc*n
Cba«e National
FlftliAvenue
<Jenuan Erch'nge.
Geruiauia
Cnltedstaiea
Lincoln
2.341.,900
2.500. 000
6.597. 900
3.637.,300
2.411. 200
2,510. 300
4.120. 401
2.ro7. 4 III
1 951. SOCI
t.630. 4iH
3.826, BOO
2,077. 70(.|
1.967. 530
380,400
504,600
34J.e00
N. Y.Xat. Kxch...
1
Fifth National
B'k of the Metrop.
Westsido
€eat>oar(l
«lxUi Nalional...'
1.899 100
Western Nalional.
6,'i71, 900,'
Total....
97,100
3,635,600
4,173 300
523 800
263,700
1,87 '.OlM)
12«,4 0il
2,110,(00
1.231)300
193 000
2,2711,'-Oil
S9,..00
1.3'Ji..lOO
201.700
,185 000
3 40-1 700
14.701.(100
897.700
349.500
40.(000
12.536,800
6.070.600
6.068,000
IB-'.IOO
•J20.V00
;,05»,50'
3(1
1.010,900
4 3. DO J
844,700
69.'V0()
45,000
wk.lunr
4lh w.hine
».4H»,l.00
45.(100
3.840.000
3,10'A«0O
3,388,100
2.560,000
40.700
45,000
4'33;706
2.0JV,i'01'
Jan.
LaUl
1 to
OaliL
1M«
1887.
188*.
ia87.
4'47l6<>0
e.'.io.coo
6.254,7IM)
2,2»0,00O
9S--'.500
43,000
2i4;«00
300.000
45 000
19 -(O.^OO,.
7.77H 00
3.975.000
5.501.700
•J93.1'0I'I
,159.900 l9.3<0 7011
4.969.600
26i.>0u|
1.261.800
liS.OOOl
2.-01.40'!
24 1,1 001
2.8 J2.200
128.>'00
2.180.!'00
88.700
847.500
931,000
288.000
43.(100
45.000
435,900
3oi',Vo''i
222,400
ISO.OOO
6.274.'.'0
3.73'i..'()0
117,0.0
313,100
297,W0
919,800
690,600
474,600
386.400
,460,500
2.' 0,200
41,000
129,"00
161.400
100 900
306.500
284,800
295.(00
89S.»00
656,000
191.'.00
2.01\30
1«4,700
S6b,U0u
2,19lliO0
1
3.l7!,'.'n0
2.261,500
1,725.90
5,234.200
l33,20il
•
2.:<3:t,500
42,600
173,400
1
3,27 J,500
8,309 000
»C3,683.200|73,2S8.200 32.133.200 367.081.300
RAILROAD EARNINGS.
02.i)li
:i. 17
87,591
353,108
40,13'
2M.021
160,007
'l'6.647
73,9o3
47,7K0
15,022
S.
A
I
47,)'l0
29,371
29.543
44,064
86,680
3,873
7'.',400
w June
w June
Kiiigi-I(i:i A I'eniklli
al>ake, K.AWe.-ft ith
071.547
1
;
1..-.
4,V-2,1,1(J-J
45,620
6.5.318
341.633
223.53a
773,I7»
.5.497, 11
w June
Lou.N.Al.AChic 4th vr June
LoulBV.N.O.AT. May
Manhattan El... .May
Mar. A No. CJa
.April
Mar.Huueh.AU 3d wkJuiic
Memphlti AChae. 3d»kjane
•Mexican t.'ent'i. 4lhwJuno
•Mox.N. (N. Div) .May
(8o.l3iv.. 2d wkJune
do
all iinep May
do
Mleh.C.ACan.So Juno
Mil. L.8h.& We8t.'4th w Juno
Milwaukee A No 4th w June
Minncap.ASt. L. April
Minn.ANo. Wesi. 4th w Juno
238.707
1,237,107
034,0.>3
650,.'
llr,049
120,613
118,478
006.583
742.293
6,033.683
86.713
1,2 22.50S
121,177
374,017
.
May
101.227
20.006
113.552
42.008
22.802
177,110
08.84'
44,883
103,651
6.50,491
32,210
21,014
e,330,.533
78.5.133
620.798
3,078,935
331', is*
577,253
1,843,266
733,920
79,.586 2.321,053
211.634
5i,8 26
514,207
18.201
734,282
157,173
6,361,000
7iV,2V5
14.913
110,519
13,572
23..20
1.59,095
237,68'«
45.5.523
701,900
5,436.000
012.76»
2 'Leo*
441.403'
4V 6,834'
447,618
178.381
501,1151
157.443
175,812
953,474'
826,421
902.663
1,213,209
16,728,151 14,912,613
1,441,-104'
172,330
253. zOl
2,850,010 2,604,215
242,26«f
258,786,
10,872
11,094
N. Y.CItT*No.lwkJ'ne25
1,805,935 1 ,001,735 7,778,608 6,980.975
cN.Y. L. E. A
M^y...
2.327.307
2,354..504
514,915
1
430,9
N.Y.Pdun.AO. May...
N.Y.ANewKog May...
313,010 303,313 1,026,745 1,470.507
588,390
060.442
42,390
43,384
N.Y.Ont.A W... 4th w June
419.730
510.416
87,204
107,770
N.Y. Siis. A W.. May.
1,423,106
1,854,273
53,675
70.403
Nirfolk A West 4th w June
25ri,99»
247,872
36,701
37,113
N'tlie.a.<(trn(-j.C.) May
495.670 417,230; 2,527,189 2,149,864
Northern Cent'l. .May
37>,09e 5,399,103 4,987,257
Northern Paclhi 4th w June 335,011
78,337
OhloAMisa
8t,44'2
3d wkJune
2-0,
269,498
33,090
36,708
Oulo Southern.. June
763,67«
198,241 1,100,001
304,804
Oregon Imp. Co. April.
420,000 480,345 1,829,750 1,849,578
Orex. K.AN.C0. -May..
18,914,063
121,458,860
4,805,040 4,178,58
Pennsylvania... .May..
337,367
412,595;
19,280
Peoria DecAEv. 4th w Juno
18,352
308,438 320.0 S4 1,400,-.18 1,335,329
PUila. AErie.... •May
1,778,081 1,1)42,771 8,378, 586| 7,041,388
tPhila. A K.-a<l'j|t .May
Coal A Iron Co May
1,396,350 1,305,11" 0,040,284 5,121,22»
537,794
757,811
1'27,4 14
Pitts. A Wcst'ni .May
140,712
141,834
152,i6S
17,339
P'rtRoyalAAui; .May
22,755
13,583
P'rtK.iyiilAW.C. May
12.S3h
Riohm'd ADanv. June
301,000 269,834 1,992,497 1,S89,29»
680.74O
728,041
Va.Mldi'dDlv June
125,000 121,!)08
370.803
308 8
41.189
43,200
Char. Col. A Au. June
250,553'
300,629
24,052
26,500
Col.AGr.DiT.. June
240,143
30 1.076
44.028
51,40'
West.No.C.Dlv June
43,600
49,000
8.300
Wash.O.AW.. June
8.800
1,800
4,500
Ashy. A Spar.. June
87,54»
94,385
RIoh.APetersbg. May
802.00j>
876.2 i-i
237.290 2f3,^39
Home W. A Og. April
546 984
640.065
18,785
17.004
St. Jo AGd. l.-d 4th w June
567.951
6 10.199
27,577
30.370
St.LAltouAT.II 4th w June
328.20J
422.59
18,331
18.9311
Branches
{41 hw June
730.274
37,870 1.003,280
01.193
St. L. Ark.ATex. 4tli w Jur,c
147,392 121,36: 2,675,685 2.040,464
Sl.l...A8an.Fran.{jthw June
281,650 227,463
Sl.L.Van. A T.H Juno
.576..5d(i
674,0-24
47,38"
47,044
SuPauiAi>uluth|4thwJune
613.080 479.. 94 3,454,109 2.947..M8
8t.P.Mln..vMan.ljiine
248 6 O
2
0.52
40.731
58.733
Scioto Valley. ..JMay
240,021
320.638
54,703
6 1,849
8 heuanduah Val. 'May
458,991
470,536
58,416
South Carolina.. May
68,94
Naah.Ch. ASt.L.'May
N.Y.Cen.AILK. Juno
W
Ml
.
LaUsl
Eammg$
Reported.
Jan. 1
to Latest Date.
KOADS,
Week or Mo
1887.
1886,
1886.
1887,
9
AUegliPuy Val.. April
'1. j[
Atlantic-
Bait.
>t
s. *..
& Pao
.
i'otduiai-
Buir.N.Y.A
i-lill.
53.'J3'2
124.(i
May
70
4th w.Tone
Buir. Rocti.APitt 1th w.Ioni-
Bar.Oed.R.ANo.
!)0i)
53.4-23
4S,,SS^
wkjiinel
Cairo V. Ai Chlo. -till w.Ionej
Cal. Southern.
4 h w June
ICaiudcn & Atl'c May
l!d
14,0t!.i
2C.11G
49,744
Canadian Pacilli 4th w June
Cp.F-rAYad.Val May
30-2,000
18.438
387,590
CentrAl of (jpo.. April
Centralof N.
545,832
5.08-*. 014
84.(J00
3d wkjune
148 ?91|
511.010
72,:,095]
33 07 1,250,99);
578,593
111 ,0051
08 ,400 1,257,372
94O,-204
26 ,33(1
4<)
11 ,933
12 ,933
41 ,706
293 ,000
15 .229
403,,335
J... April
Central Iowa... •May
Central Pinillc April
Cliarlcsfn A Sav May
•Olieeap. & Uhio. May
£lla.J>ex.&B.». M-ay
Ohea.O. AS. W.
P4,30i
,088,S99
I
35,6'J7
3r.,S.491
80,1 '24
Mav
134,411
* Alton... [March
4 Atlantic- 4th w Juno
Chic. Bnrl. A No. |\prii
Chic. Bur. A ().. ,.May
Chic. AEaai. 111. i4th w June
Ohlc.
Chlo.
715,7,"^,*
01.481
108:,492
913 ,017
30 .191
3o7 ,293
63 ,128
ll'i,,092
612,,«47
30,.802
207.74'2
I
S
618.850
,553,719 1,198^^73l 7,'.49,7.>9
163,600
May
AtlanfaAChar.. May
AH3U.
l,'.'50,5l»7
344,420
732,273
182,145
478,9 10
031,910
523,999
1,200,037
01'<,105
1,148.452
2-0.l>-20
4,689,-'80
305.435
101.186
4,100.342
105,050
90.15-i
1,998,473] 1.873.!)13
3,405,411] 3,023, -294
5011,987
523.292
3,724,3(;3 3,340,313
217,100
2 27..'<-20
1,070.8-15
1,497,(119
320,06 t
007,061
385,417|
084.3801
l,i.72.6'.3;
1,010,750|
1
,7
1
2.025
705,055
8'29,245i
,152,072 i.o'si ,67"' 11,135,'274 9..37-l'.827
793,023
939.720
32 ,905
40,973
Chlr.Mil.&8t.P. i4th w June' 031,000
659,,324 11,200,000 10,037,870
Chic, ii .N'thw'n .April
7,.53 1,470 0.71 M.2i9
1 ,839,334 1,720,,017
Chic.8t.L .VPilis May
41i-,3S6
358 ,790 2,179,-^70' 1.780,757
Clilc..'5t.l'.M..t:0. April
540,000 479 .5.'i3 1,801,7.-0, 1,735,701
tiii().-.()9
043.094
;-l2 ,834
Chlo. AW. Mich. 4th w June
31,482
Cln. Ilain.A D.. 4th w June]
67 ,407 1.527.187 l,:,0<,(i'7
80,140
Cln.Tnd.St L.&(;. 41 h w Juno
59 ,-207 1,273, (>.15 1,2()2,568
03.230
174. ,508
193.021
Cln. Jack A.Maek '3d wlijuiio
8.22-1
5 ,821
Cui, «.0. <vT.P. Hd wkjoue
.-.7,807
55,,010 1, t7ti.29;); l,-J()-2,5O0
512,-288
072.13!)
25.,'j98
Ala. Gt. 6oiith 3d wkJiiiie
19,,113
2-< 2,904
297.208
N.Orl. AN. E. HdwkJiinCj
9,3-27
6 ,101
220,073
229.493
VIcksh. A Mer 3ii wkjuiie
5,> 79
6,,5M7
185.899
223,-533
Vlcks. 8h. A P. 3d wk.luno
5 .447
0,031
101.,'>02
ErlaiiKcr bVRt. 3(1 wkJuiie
92,,0-24 2,89S,t>73 2.409,071
101,908
179,738
Cili.KiL-ii.AFt.W. 3d wk liintii
7.(148
0,,45"
•;
I
I
Cm.WuHh.ABaU
\v Jiiiii-
i',i,oi:)
Clev.AkronACol 3dTCkJuiie
Clev. A Canton Mav
11,57-2
44.,357
10,,o89
31,290
•29,,'J5*
3(15,897
295,,771
2.1,,90'
(th
Clev.Col.C.A lao .MaV
Clev. A Marii-ttii May
Col. ACiii. Mirt Iih w Jtiiiu
Col. H<K-k.V.AT. May
Col. A Rome
,Mav
.
Danl)'}
1
And
A Norwk May
Branches.
22.480
7,4'JO
189,!)()U
2,951
19. .50
9,
167,!'78b
,388
la,'239
980,507
248,353
14 2,302
1.0l(),,-<50i
127.001
140,9-20
1,040, l(-3
28,321;
83,600
!)I().216
23:i.
92
127.759
l.ltiD.O 14
112.831
134,570
817,>80
25.701
80.383
46
99.91S
1,320,300
132,560
463.865
7.397,720
1,019,151
805,001
3,381,203
ai,470
345,188
350,70-i
a
1,130,U»»
149.533
100,651
1,112,983
1,1011,1), I.
102,47,'i
8,603,99
.
..
,.
3I8.I7S'
Mlch.So.'.Iiino
LelilKliAlludHoii'May
Long Inland
4th w June
La. .V -^'o. Riv. .March
Loi 'b.Et .VSt.L. 4th w June
ATenn.
,
731.-.
703,073
14,200
74,057
82,484
51, (09
19,454
390, .15
59,929
114,917
720,181
9.4U0
34,157
27,593
115,095
43.227
16,958
151,620
Keutuikv
nt. April
Keokuk A Wtwt. .May
n29,''4l
-t
1,031>,207
5,'.49,102;
3<i,084
'ie.i'n
A M. 3d wkJuue
ABp. 3d wkJuue
84
I
2 1.030
8,344
51,308
8p.
V. CI.
.562,'^
3,1..
142,095
930,370
43,951
26.700
17,320
36,08
28,276
4,238
60,793
32,804
6,217
30.923
t).
l,70O,00«
IW,4I4
4 4. (.70
12-(,741
Kan.
Kau.
2,235,254
:
45,9'27
Total ail line*. June ...
Ind. Blooiu.A W. -ith w Jnne
tud. Deo. A Hpr. May
Jack. T. AK. W. May
K.C.Ft.8.AOulf. 3(1 wkJune
Sn9.03«
70,744
398 32S
1
as,37a
Tot. lowuliuei. June...
3,870,041
373,60
l<W.a02
B4«,a70
103,'t52
1
la. I-'all».ii8.C.
May
•
8,.'>2n,4i9
18,7(1
12,02(1
842,800
0,589
MjbileAOlUo. .fMay
45,000
45,400
4>,000
H1.80I
Duli.AHIoimC. Mivr
MiSB.
2,910 200
2.B28.500
4,419.900
31,458
87,274
4.802
20,72
73,2 -7
•
•
170,888
78.049
23,200
71,60'
Ix>u «v. j( Na«hy.|4th
.030.400' 31.«56.:00
,091.300' 21,773,7011
2,22H.U()0
137.000
1,063.'<00
73,800
4)1,007
33,7 7
[U.0eut.(lil.A8u) June ...
Cedar P.A.Min. May....
I,.
•
2L5,00O
7 1, -250
160.843
SdwkJune
Houa.A'l'cx.Cent
1
8,254.000
92..^00
VVkJ'ue25
...
tJn.nayW'.AHt.P May....
OullCol. AH. Fe. April. .
(.'•
I2.ft04,2<'0
858.700
145.100
Urand Trunk
637,700
44,100
8,536.000
4,750,000
9,532,000
283.t;00
1
96',6oo
1.423,500
1 ,404.300
I
Oarlielcl
2,15(.,!lOO
328.700
91,100
197,000
655.100
195.800
166, too
294.000
100401)
58.500
311.000
226.1 00
669.000
380,500
Kvuna.,Vlud'pllA
wkJuiii-
QeorKlaPacitic. .May
Or. Kap. A lud.. 3(1 wkJunc
5.:l92 700
3,1)14 .300
S.CHi.,700
8.VSM,,300
i.ta,,.400
4lhwJane
.'id
363.000
5;>9,100
.640.800
l,ana'i;A Mo.
K.Tduu.Va.Ada.
£*auav. A T. II.
Flint A P. Mam. .th w June
Kla.K. ANav.t'o. .id wkjiinc
Kt. W. A 1)1-11. Clly 3(1 nkJunc
31,400,'.'0O
61.700
2G0.000
l>.it.
46,000
9,0.^9,300
a»9.4()'
DenT. ARIoOr. 4th w June
Oenv. AK. O. W. May
DiM.llayC.AAlp. .Msjr
45.000
»,"146,I.IOO
SIH.IOO
241,100
.288.000
S8H!,,500
17.S21. 000
17.9.'S0, too
».^27 60O
000
Hanover.
Xamtnf lUpoHad.
Week or Mo
7,iai8a»
7.013000
2.8r)2 (MM)
diatluini
Peoples'
Kortli America...
Laltl
Bo AD*.
13,200.000
10.347.000
10.521.7(M)
LeiUluT Mannrrs.
Jklon-anU'le
Pacltle
Repntillc......
.378.300
930.000
514,100
891. too
199,000
426 400
1R«,1,00
fievrtilh
Amcrir'ii Kxcb'ge.
tJon.
276,000
227,400
102,400
517.200
849.100
<?reeiiwlrh
Connnrroe
Bnindw ay
Otreulo-
474,000
1.918 000
1,820,,400
8.114 200
1.H50 ;oo
Want
eutpof N. Y
272,500
S5B.000
1
DepottU
other
than U.S.
i.698.100
A
CItlreiis'
jNaaftau
2 5H0,0OO
2 .I7>i.000
1
.V<t
S
t
1
Leaal
7fn<idert.
S.02S 300
1.69S .<100
i,»7e .fOO
19.018 .200
Dn>T.
Tr».
«ft
echftlilra*
61
1887:
Av0nMtt Avuiunt of—
Kew York
1;.
THE CHRONICLE.
0, 1887.]
AinlK.
1
1
1
1
So. I'iicilic
Co.—
276,943
61,513
316.894
15,048
95,59
760,591
Ual.Har.AS.A. April
Loius'a West. Ajiril
Morgan's LAT April
6^,166
3«'i.545
11,959
92,575
Tex. ,« N. O.-l. April
795,148
Atlan'c sysl'm April
2,119,li)0 1 ,758,525
Pacific syBteiuLApril
Total
2,885,784 2,553.073
|April
82,485
1' 2,148
.Statenls.Rap.Ti June
309,307 449,i»08
Texas A Paoilii! JMav
9.058
13,044
Tol.A.A.AN.M'hJ4ih\vJune
18,439
21, too
Tol. A Ohio Cent. !4'hw Juno
ol,i57
72,9'27
lol. P. A West.. May
Union I'acillc.iMay
2,188,277 2,151,102
44,515
60.205
VaUey of Ohio.. April
12^,027
177.451
Wab. Western
ith w June
104,327
114,340
:\Vcsi Jersey
iMav
N.Y.T.AMex.
Ai.ril
I
'
Wtl. Col.
A
Aiitf
.
i
'May
A Ij.E.I-lthx J.ine
WiBOon-iiDJeut'l 4th>v Jui.o
Mill. St.C.A W. 4[h w .lune
Wis. A Minn .'4thw Juno
Wheeling
2<i5
19H.23:<
lii4.9."W
2,927,098
400.803
2,572,439
>t
430 25»
•15,022
3(14,807
18.107
10,341
344,711
293.79-i
20.5,910
03 095
70.802
15,14
0.435
97,8,158
731.137
235,131
112.44'J
47,
1)4
12.9
25
.520
1
4-27.88
-Meiii'im ci.ri-eocy.
o rncludina sImcc Feb. 1st in lioth years the lud. Peru A Chlo.
In eltlier > ar.
New
Jer-ey
t Not uicluiiing Central of
c Not including earnings ol New Yor« Pouueyivanla tt Otuo.
tlni-lu
205
1,314,848 1,420.013
41.063
47.527
S07.864
302,583
2,!)43.0I9 2.823.799
7.345.621 6 003,614
10.218,039 9,427,412
311 538
354,718
2,236,207 2,095,893
153.553
225,011
3 4,118
409.417
330.19)1
357.430
t0,M5,0t>4 9.100.599
I
.
839.903
975.183
242,877
2(11.15!
Uraiii-iie..
i
84.243
——
.
THE
52
CflROi?flCLP.
[Vol.
May,
r
NameofJload.
& Ohio
.
1887.
^—Jan.
.
1 to-Mat/
1887.
1886.
XLV,
3X.—..
1«86.
$76,137
$73,401 $391,926 $291,276
18,163
129,178
20,709
85,280
—April.
Jan. 1 to Apr. 30
1887.
1886.
1887.
1886.
Gros8.$l,088,999 $913,617 $3,724,363 $8,346,313
Central Pacific
484,^35
443,44t 1,545,678 1,665,235
Net...
14?). 380
116,438
Lake Erie & West.. Gross.
46,824 del 10,331
Net...
134,721
108,876
470,536
357,050
S. Pao.E.,N.D.(Cal.)Gro8S.
59,574
50,732
168,260
Net...
135,844
301,958
227,961 1,094,190
936,766
S. D. (C»l.)Gros8.
711,511
31,2.0
245,733
Net...
244,904
76,559
5?, 305
NewMex.D.Gross.
251,905
225,132
38.429
23,846
Net...
109,938
112,499
16i*,235
119,200
578,1^5
501.312
Ariz. Div.. -Gross.
Net...
72,421
46,6b6
242,325
263,182
Tol.
AND
Cen.... Gross.
Net...
.
The Investors' Supplement contains a complete exhibit of
Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,
March, May, July, September and November, and is fur-
the
.
,
,
nished without extra charge to all regular subscribers of the
Chboniclb. Extra copies are sold to subscribers of the
Atchison Topelsa & Santa Fe— Chicago & Grand Trunli,—
Ohbonicle at 50 cents each, and to others at |1 per copy.
At Chicago, July 2, a meeting of the directors of the Chicago
& Grand Trunk Railway formally ratified the sale to the
Atchison of various pieciis of Chicago real estate, valued altogether at about $1,000,000. Part of the land between FourAlabama New Orleans Texas & Pacific Junction Eailways teenth and Sixteenth streets and fronting on State Street is to
be used by the Atchison as the site of its principal freight
Co., Limited.
ANNUAL REPORTS.
fFor
the year
ending December
depot.
31, 1886.^
m
bleton
:
payment
•Prior charges
50.097
Balance
$561,235
$128,857
75,612
$51,814
-•,,.„.
Twktiurg Shreveport
<t
„
.^
Pacific—
Gross earnings
Ket earnings
•Prior charges
Balance
1885-6.
Nine mos.\
$53,215
t
$406,799
$111,109
33,140
$171,674
$151,746
63,678
$77,969
$91,068
•Prior charges Include taxes. Interest on car rental notes and interest
lien bonds, which charges precede the interest on first moitgage bonds.
(Fltcal year ends June 30, and these earnings are for nine
months
•naing March 31
GENERAL INVESTMENT NEWS.
latest reports of net earnings not heretofore published.
Ma /.-—
/—Jan. 1 to ifay
31
Ifame of Road.
1887.
1886.
1««7.
1886.
Atoh. Top. A S.Fe.. Gross. $1,553,719 $1,198,173 $7,549,759
$5,688,614
Net...
658,172
504,749 3.491.922 2,329,161
Bait AFotomac... Gross.
124,672
111,665
578,593
523,999
Net...
52,446
43,192
192,354
191,251
Burl. C. K. <fc No.... Gross.
216,788
211,355 1,155,025 1,047,509
Net.
26,0 !i2
41,803
292,883
247,238
California 8outhem.Grosa,
118,'.i56
58,123
634,798
249,005
Net...
41,406
658
295-.'iOn def. 40,808
Cblo. Borl. & Q.... Gross. 2,152,072 1,981,677 11,135;274
9,374,827
Net...
867,105
785,631 5,133.433 3,905,057
_
Denver & Rio Gr. Gross.
611,241
510,068 2,'S7S,29ci 2,324,^56
Net...
258,253
1' 2,684 1,100,546
_
744,500
East Tenn.Va.<k Ga.Grosa.
37»,566
284,152 1,969,484 1,670,968
Net...
50,525
40,655
483,986
376,584
OUoA MISdsBlrpi. Gross. 296,162 298,035 1,593,400 1,42.',601
Net...
87,502
76,786
512,970
340,495
Shenandoah Vallfy.Groes.
69,849
54,763
3;i 0,638
240,>.21
Net...
10,C96
4,291
37,561
4,605
.
. .
knots.
—
Centi'al Pacific. The following is a comparative stateof the earnings, expenses and fixed charges of this comfor April, and from January 1 to April 30.
The
mileage is 1,382, against 1,307 last year
Ajyril.Jan. 1 to Apr. 30.
ment
pany
:
Net earnings
\
,
rentals
Total net income
Fixed charges*
Netproflts
Construction &
.
1887.
$1,088,999
604,461
Gross earnings
Oper. expense*
*
Railroad Net EarnlDgs.—The foUowing table shows the
—
Japan mails for 3,500 miles across the continent of Ameriaa
free of charge, and to carry troops and Government stores
over the same distance of land and over the ocean at cost
price, thus making the route an imperial highway.
The subsidy is calculated on the price per mile which the British Government pays the Peninsula & Oriental Company for the carriage of the India and China mails via, Suez, and by this estimate the amount of subsidy for a fortnightly mail service
each way between Vancouver and Hon^ Kong would be
£105,000 per annum. The tender of a German company asks
for the Pacific service alone, to be performed at a speed of 11
idd
on prior
.
—
.
1886-7.
Sine mos
account and arranged to complete the
to be inferred that, as Mr. Garrett has purchased this large block of stock, he will also buy from the
individual holders who have given him an option a sufficient
amount of stock to secure a controlling interest. We have
been, as has every one else, undecided whether the famous B,
& O. deal meant an absolute disposal of a controlling interest
in the stock of the company or only a combination of interests with other companies.
If Mr. Garrett accepts the offer
of a majority of the stockholders to sell it is to be presumed
that he will do so for the purpose of making an absolute sale
of the same, as was at first reported to be the case.
The hearing in the Baltimore & Ohio case agninst the State
of New Jersey for the building of the Staten Island bridge
comes up on Tuesday before the U. S. Circuit Court at Trenton,
Canadian Pacific. Montreal dispatches state that the
tender of the Canadian Pacific Railway for the English mail
service on the Pacific includes an offer to contract for the
ocean service at a speed of 15 instead of 11 knots, and to build
its boats under Admiralty supervision, so that they may be
readily converted into armed cruisers, for a subsidy of £100,000 per annum. In addition it offers to carry the China and
It is
—
;
igl01,941
on
purchase.
out of the proceeds of the prior lien bonds, the creation of
which was authorized by the arrangement made in 1885. It
will be remembered that under that arrangement the New
Orleans & Northeastern and the Vicksburg Shreveport &
Pacific Railroad Companies engaged to pay in cash to your
company the sum of £150,000, in respect of the coupons due
January, 1886, to July, 1887, inclusive, on the first mortgage
bonds of those companies held by your company, leaving the
balance of the nominal amount of those coupons to be
funded." * »
" Of the $1,372,000 prior lien bonds of the New Orleans &
Korthe astern Company authorized in 1885, $878,000 have
been sold, and the whole of the prior lien bonds of the Vicksburg Shreveport & Pacific Company ($1,333,000) have now
been disposed of. The latter are quoted on the London Stock
Exchange."
The earnings of the New Orleans & Northeastern and the
Vicksburg Shreveport & Pacific are given below the earnings
Of the Vicksburg & Meridian have alreadv been given in the
Ohbonicle.
New Orleans d If. E.—
1835.
1886.
Net earnings
,
We
which your company is interested, from which must be
deducted loss in working the Spanish Fort Railroad, and
grounds in New Orleans, and expenses for Creosote Works,
together £6,136 198. 8d., leaving £107,639 128. 2d., out of which
the coupons on first debentures due October, 1885, and April
and October, 1886, were paid as hereafter mentioned.
" The greater part of the above amount was, it will be seen,
received from the New Orleans & Northeastern and the Vicksburg Shreveport & Pacific Railroad Companies, whose securities represent the chief interest of your company, since nearly
two and a half millions sterling have been invested in the two
properties. Whilst the results of their working have shown
unprovement in the past year, the receipts have not been so
large as was anticipated, and the net earnings have fallen
short of the fixed charges. Consequently the amounts paid
by these two companies had, to a large extent, to be provided
$898,165
& Co.
&
in
Gross eainings
& Ohio.—The
circular of Messrs. John A. Hamof Baltimore, on July 2, said: " The event of the
week was the announcement that Mr, Garrett had exercised
his option to purchase the 17,500 shares of Baltimore
Ohio
stock, at 175, held by the trustees of Johns Hopkins Trust,
have reason to believe that Mr, Garrett has closed with
the trustees of Johns Hopkins University and that he has
accepted their offer to sell, and he has made a large
Baltimore
report for 1886, submitted at the meeting of stock
London on July 7, has the following
holders
"The revenue account shows that the sum of £113,776 lis,
lOd. was received during the year 1886 in respect of coupons,
interest and rent from the different securities and properties
The
imp
$484,535
44
183S.
$913,617
470,173
$143,444
$484,579
460,917
—
.
1887.
$3,724,363
2,178,785
1-86.
$3,316,313
1,681,078
$1,545,578 $1,665,235
175
$1,545,753
1,843,669
$23,662
4,821
def.
$297,916
55,416
Balance
$18,841
def. $353,331
Fixed charges include rentals. Interest, taxes and U.a. Gov. Sink. Fd.
Chesapeake & Delaware Canal.— The Chesapeake & Delaware Canal Cos.' statement shows the revenue for the year
ending May 81, was $199,212, from which were deducted
expenses of $54,027, leaving a net revenue of $145,184. Interest paid during the year on the legitimate issue of the
mortgage ($1,993,750,) was $109,656, so that there was a surplus
of $35,528.
There was recovered from the estate of Wilson,
—
the absconding treasurer, $18,556 making a total surplus of
From this was paid interest on the fraudulent issue
$54,084.
and investigation expenses of $39,279, leaving a net surplus of
$14,805, which was placed in the contingent fund.
This fund
now amounts to $S4,504, an increase during the year of $8,179.
The total defalcation was $661,940.
Chicago Burlington & Quincy.— Of the $10,000,000 48
recently placed with a syndicate, it is stated that about $7,000,000 have been sold. There are yet two months for the syndicate to make its final payment on the bonds.
Chicago
& Northwestern.—Since
western Railroad
1870 the Chicago & Northtotal of $40,000,000
Company has expended a
—
Jdly
9,
:
THE CHRONICLE.
1887.J
for bettrrinents, side traoka, additional equipment, &c., out of
the surpluB of earninga above (^ividenda. The directora decided Inst March to •' charge thia ofT," reducing the cost on
the books from |12«,000,000 to 1116,000,000.
The rumow
regarding tliu retirement of 110,000,000 of bonda were probably
inoreaae of 150.5150.781 over 1886, and the pwional
property an increaae of $86,181,598.
The following table givea the relative awwed valuation of
the real and peraonal eatate for 1886 and 1887 aa aubmitt^d
to
•M oJa nn?*°' ''*® '*"*' BBiount to be raised by Uxation being
founded on the above.
Ciiuiniiati Hamilton & Dnrton— Dayton Fort Way no &
Chioajfo.— The directors of the Cincinnati Ilnmilton & Dayton Kiiilrond have authorized the leasing of the Dayton i''()rt
Wayne & Chicago line in perpetuity. Two of the Vandah'a
directors Messrs. Joaephus Collett and William M. Ramsay
have resigned, and Mr. George FI. Stayner, President of the
Cincinnati Hamilton & Dayton roid, and Mr. W. C. Boone,
Secretary of the Dayton Fort Wayne & Chicago line, have
been elected to fill the vacancies.
Both of these gentlemen are partners of Mr. Ives. The lease provides that the
Cincinnati Iliiniilton & Dayton road shall guarantee tl>e prin-
—
and
cipal
interest of
|5,500,000 fifty-year
bonds at four and a half per cent. The rate
for the corsolidated road.
East Tennessee Yirginia
1
as follows:
Operating expenses
.
Net earnings.
31,
r
1886.
. .
323,041
$284,132
243,197
..
$50,626
$40,655
$373,.'i6G
gross and net
May
have been
— July 1 to
-itay.-
1887.
OrossesmiDgs
to
]
May 31.
.
-7.
188^7.
1885-e.
$4,361,329
2,816,942
$^799,180
$1,544,337
$1,357,850
2,441,330
Honsatonic—The Housatonie Railroad Company has voted
to pass the uruil dividend of 6 per cent upon the preferred
stock. This change of policy occasioned some surprise, owing
to the recent transfer of the control of the road to the Xew
New England people. Col. William H. Stevenson,
York
Vice-President of the Housatonie, explains the matter as follows
"The present management decline to pay dividends
&
:
REAL RSTATK.
A.t»aied ValnalloH 1886.
Ward§,
Ut
—
Auu$ed
2d
3d
4th
6th
6th
7th
8th
9th
lOlh
Ilth
12th
13th
17,900..165
16,791.129
134,031,832
10,366,415
24,679,727
69,838,241
37,857,127
33,385,094
78,153,344
201,918,455
45,641,676
89,0^4.423
15th
16th
17lh
18th
19th
20th
2lst
22d
23d
78,770,.'587
211.635,940
46,471.770
89,793.129
113,585.437
21,027,a09
11,761,960
103,72'',440
19,61 B,976
24th
Val-
uation 1887.
*7«,528.00S
84.569.597
38,626.269
13.341.595
46.376,907
24,625.641
17,300,057
39,262,103
29.769,323
18,226,297
17,163,709
158,118,407
10,673.465
24.994,770
56,262,553
38,212.529
34,40 i,S04
$78,790,763
34,866,378
88,880.429
13.210,803
46.997,412
34,252.6»3
16,965.446
89,037,817
29,346,990
|21,000amue Uth
ia
& Geoi^ia—The
earnings for May, and from July
mortnage
first
6311
show an
11,194.090
fnerau€,
$737,343
199,200
240,83ft
130,793
87P,48$
872,948
334,611
224,289
632,833
325,933
372,577
24,031,575
807,090
319,043
424312355,403
517,414
617,243
6,717.485
830.094
703,706
9.856,997
1,410,833
667,870-
Total
$1,203,911,065 $1,254,491,849 $30,550,784
PBB80SAL ESTATE.
Resident
$148,470,530
$180,393,471 $31,923,941
Non-resident
9,543,848
9,920,393
376,545
Shareliolders of banks...
59,012,843
62,334,950
3,822,107
Total
$217,027,221
Total assopsed valuation for 1887
Total assessed valuation for 1886
$253,148,814 $36,121,593
$1,507 640 663
1,420)968)286
which are not earned. In the past the policy of the road has
Total increase in assessed valuation for 1887
$86,672,377
been to borrow money from the banks in the face of a large
N. T. New Haren & Hartford.— A special meeting of the
floating indebtedness. We intend to pay off this floating indebtedness soon and then to pay an earned dividend on the stockholders of this company will be held in New Haven,
stock. Those who own the great majority of the stock prefer July 14, at which meeting the following leases, executed onto give up a year's dividend rather than to borrow money to the part of this company by authority of its board of directors,
pay one. To pay one now would be much like borrowing will be submitted for the approval of the stockholders: 1. A.
money for the sake of transferring it from one pocket to lease dated May 18, 1887, from the Stamford & New Canaan
Railroad Company. 2. A lease dated May 24, 1887, from the
another."
There was no truth in the report that this road was to be Naugatuck Railroad Companv. 3, A lease dated May 14,^
1887, from the New Haven & "Northampton Company. 4. A
leased to the New York New Haven & Hartford.
lease dated May 24, 1887, from the Hartford- & Connecticut
JacksonTille Tampa & Key West.— The earnings of the Valley Railroad Company. Each is for
a term of 99 '
rearsmain line for twelve months. May 1, 1886, to April 30, 1887, from April 1, 1887.
are thus reported
Pasafngers
Freight
Other sources
:
$184,998
134.011
53,323
,
Total gross caminRS
Total opfiatln)? expenses
Lets proportion expenses for
Rtver and DeUina branches
$422,333
B.
&
$297,919
Ij.
E.,
Indian
25,000
272,919
Net earnings
Jefferson. The
$149,413
first mortgage 7 per cent bonds of the
Honesdale Branch of the Jefferson Railroad (operated by the
Erie) have been extended for forty years, at the rate of
4)^
per- cent.
—
Kansas Central— Union Paeiflc—The bondholders of the
Kansas Central road have withdrawn their application for a
receiver, as the Union Pacific has arranged to pay the interest
at once.
Long Island City & Flushing.—This railroad, of which Mr.
Austin Corbin is Pr. sident. has been mortgaged to the Central
Trust Company of New York for $1,350,000. The mortgage
covers all of the company's property between Long Island City
and Great Neck, the branch road to Whitestone, and the
extensions to Whitestone Dock, and all of the rolling stock.
Mexican Central.— Less than $900,000 Mexican Central 7s
are now outstanding, conversion into 4s being steady and the
amount cf 7s constantly decreasing. The Mexican Central
subsidy receipts have run about $15,000 per month since the
first of January, since which time the company has received
1 per cent of customs receipts at Yera Cruz.
After July 1,
two per cent is received, making about $30,000 per month.
Milwaakee & Northern.- The gross and net earnings and
charges for the first six months of 1887 have been as below
given
:
Qrosa earnings
Operating expenses (Including rentals)
$441,403
272,484
Net earnings
Fixed charges
$168,919
96,900
Surplus
North Carolina Bonds.—The arrangement between the
United States Trust Company and Morton, Bliss & Co., on theNorth Carolina Special Tax bonds embodies the following
plan The bonds to be pooled and trust certificates issued
All expenses to be advanced by Morton, Bliss & Co. Settlement with the State to be obtained on the basis of a new 4 per
cent bond in exchange for the present bondp, the distribution
to be as follows Forty per cent of the principal of the present
bonds to go first to the certificate holders, other receipts from
the State to be equally divided between the certificate holders
and Morton, Bliss & Co.
:
:
Oregon
Improvement Co.—The following
circular
i»
issued
To the Sloclt/iolders of the Oregon Improrement Company.—The extraordinary and continued stringency in the money market has caused
such serious disturbances in fliiancfal circles during the past two weeks
that it has no doubt prevented the stockholders from 9ubfciil)iog toihelr projiortlon of the proposed issue of preferred stock wliloh was
offered to tbem iu circulars dated May 13 and June fi respccllvely.
About 2,000 shares only have been subscribed for by the stockholders
and 6,000 siiares by the bondholders, although subscriptions for several
thousand shares more had been proraifed by stockholders before the
dlsturiiance of the money market became so serious. It Is so clearly
for the interest of the common stockholders that the subscription becomjilotcd and the funds provided to carry out the idans mp ntioned In
the circular of May 13, that the management has decided to extend the
time for making subscriptions to the loth of August next, after whleh
time the stock will be ollered to a syndionte which stands ready to takeall that at that date is not subscribed for.
By order of the executive committee.
Elijah Suith, President.
A statement accompanying this circular says:
since the previous circulars were issued the figures of the operation
of your company for the first six months of the fiscal year have been
up. The result Is exceedingly gratifying. For the six months
endirg May 31. 1887, the net earuiugs of the company were $379,891,
as agninst $162,051 during the corresponding period of the previous
year, anincrease of $217,240, or 133>4 per w-nt. The flxea charges and
f-iuklng fund requirements of the company for the six mcnlEs were
$175,000, leaving $204,891 applicable to the stock. Toe dividendnpoa
$2,000,000 of preferred stock at the rate of 7 per cent would require
for the six months $70,000, leaving $134.391 or nearly 2 per cent, applicable to the common stock for tlie six monttu.
made
,
$72,019
—
Ferkiomen. The Philadelphia Press reports that the
amended plan for the reorganization of the Ferkiomen Railroad Company has been approved by the Reading reconstruction trustees and the Reading receivers. The latter hold for
Illinois
the Philadelphia & Reading Railroad Company a large interest
formed in the Ferkiomen Company, and an issue of consolidated
N. ¥. Chicago k St. Louis.- It is stated that the Reorganized Nickel Plate Company will take charge of the road October 1, until which time it will remain with Receiver Caldwell.
_
Companies in New York, Pennsylvania, Indiana &
have been reorganized and the Ohio Company will be
this week.
Sixty days' notice ia required before they can consolidate.
New York
City's Yaluation.—The Board of Aldermen
have received from the Commissioners of the Department of
Taxes and Assessments the tax valuations as made up by that
department for the year 1887, The real estate valuations
mortgage 6 per cent bonds
is guaranteed by the Philadelphia
Reading. Nearly four-fifths of the holders of the first
mortgage bonds had assented to the plan of reorganization first
submitted, and the amended plan contains modifications which
it is expected will make it acceptable to all the bondholders.
The circular setting forth this plan betua endorsements of the
&
)
TBE CHRONICLE.
54
of President Corbin and the
The amended plan provides for the cancellation ot
ot
and second mortgage bonds, and the satisfaction
[Vol. XLV.
^cvfovta
«conBtruction trustees and
awjtl
^ocmntnts.
receivers.
the
first
ABSTRACT OF RAILROAD MORTGAGES.
without lorethe mortKages given to secure their payment,
.,
..
..
closure if possible; if not, under foreclosure.
their
Security holders who accept the plan are to deposit
and
Insurance
eecurities with the Pennsylvania Company for
30.
Granting of Annuities between August 1 and September
Ji.
The committee of reorganization consists of Charles
trustee
Smith, trustee of the first mortgage, Lindley Smyth,
president
of the second mortgage, and James Boyd, assistant
of the Perkiomen Railroad Company.
For the purpose of giving definite information in regard to
the terms of leading Railroad Mortgages and Trust Deeds an
some of the leading instruments of this class will
be published in this department of the Chronicle.
In the present, number the terms of all the Chesapeake
& Ohio Railway mortgages are given, except the prior
abstract of
purchase money funding mortgage due in 1898, which
an amount and matures eo soon that
beptenieloeure suit against Reading have been postponed until
necessary to devote any space to a
it is not considered
until
extended
will
be
testimony
ber 12. Time for taking
The proposed new arrangement for
description of it.
—The Reading Trustees have received about $5,500,000 for an exchange of the series " B " bonds and the 2d mortgage
receiver's
assesf ments. Of this $3,000,000 were used to pay off
currency bonds for other securities was adverted to in the
With the balance, and the third and fourth incertificates.
off the March 1887, issue of the Investors' Supplement.
pay
to
intend
trustees
the
sssfssments,
of
the
stalments
Then after paying the expenses of
CHESAPEAKE & OHIO RAILWAY.
.floating debt of |o,000,000.
reorganization, there will be a balance of about $3,000,000.—
OF THE CHESAPEAKE & OHIO
MORTGAGE
FIRST
Jfoith American.
RAILWAY TO SECURE SERIES " A " AND " B "
BONDS, DUE JULY 1, 1903.
Sarannah Griilln & North Alabama.—The Georgia Central Railroad has determined to forecloife its mortgage on the
July 1, 1878.
Date.—
which
Savannah Griffin & North Alabama Railroad, on a claim
Parties. The Chesapeake & Ohio Railway Company, of the
represents $908,000, including interest.
first part, and the Central Trust Company of New York,
St. Louis & San Francisco.— At St. Louis, July 5, Judge Trustee, of the second part.
of
Oppenapplica^tion
Dillon rendered his decision upon the
Property Covered. " The rights, privileges, interests, franheim & Co. of New York, to set aside the recent election of chises, lands, tenements, hereditaments and property of every
Railroad
Company.
Francisco
directors of the St. Louis & San
description, whether real, personal or mixed," obtained by the
The court declares that Edward L. Oppenheim was elected a company through purchase under the foreclosure sale April 3,
sage
was
not
Russell
and
that
director at the election in May,
1878, of the property of the Chesapeake & Ohio Railroad Com«lected. The election is not set aside, but Mr. Oppenheim
pany (being the entire railroad extending from a point on
of
lowest
number
who
had
the
Sage,
Mr.
eteps into the seat of
the James River, below Richmond, Virginia, to a point on the
said:
votes. The court
and all rolling
Ohio River, in the State of West Virginia
the
on
Oppenheim
Co.
name
of
&
in
the
••The stock did not etand
stock, stations, fixtures and otner appurtenances "that may
l)Coli8 the day of the election, the man having charvo of the books having allowed entries to be made ehowlug a transfer from Oppenheim & be hereafter acquired for the use of said company in operating
Co. to Mr Seligman. The company had a by-law to the effect ihar, the and maintaining the said line of railroad."
transfer books sliould be closed for not less than thirty days prior to
Prior Lien. The property is subject to the prior lien of a
the annual meeting of the stockholders. The Fiiseo Company gave
notice that the books would be closed on the 9th of April and not opened mortgage dated July 1, 1878 (purchase money funding mortuntil tlie I3ih of May, after the election. No transfers were shown to gage), which "will not in any event exceed the turn of
have been made between ihe 8lh of Anrilandthe diy of the election,
except the one instance on the 1 0th of May, the day before the tlection. $2,3.50,000."
If the by-law was valid and in force it is clear that the person making
Bonds "A" and "5."—The bonds belong to two series,
the entries of tr.iusfcr on May 10 was not only actlnsr without authority,
" B." "The bonds of said series A and B are
but in express violation of authorily; and no legal elTect can be given to "A" and
secured by this indenture equally, without preference or
his acts.
" If the by-law closing the books thirty days before the election should priority of either of said series over the other, or of principal
t>e held invalid and the transfer made on the books on the 10th of May
over interest, or of interest over principal."
recoxnized, a case would eiist appealing very strontly to the court to
«et aside the election. To allow transfers to be made on the books the
Further Security. The bonds of series "A" are further
the
would
be
control
election
a
day before the election sufficient to
equally with $2,000,000 six per cent gold bonds of
deception and a fraud. It is no answer to say that no one else applied secured,
during thofe thirty days to have tianfers made. After the passageof 1911, by a mortgage dated January 1, 1881, on the Peninsular
the by-law and published nolioe of the closing of the books, no one Division. See that mortgage below,
would think of applying for a tianefer.
THE BONDS.
TicliSbnrg & Meridian.— Satisfactory progress having been
Six per cent Mortgage Gold Bonds of 1909.
made, the Reorganization Committee have extended the time
Series "B."
Series "A."
July 1, 1S78.
for holders of securities to sign the reorganization agreement Dafe -July 1.1878.
Philadelphia
& Beading.—Hearings
in
lien
Robinson fore-
relatively of so small
is
—
—
,
;
—
—
to August
15,
—
'Wisconsin Central. The Boston Transcript says: "We
are authorized by the officials of the Wisconsin Central to
make the following explanation respecting the proposed plan
or reorganization
" It is not a consolidation, but simply a new company is
crganized, which propofes to purchase, so far as it can, the
securities of the Wisconsin Central, Wisconsin & Minnesota,
Penokee and Minnesota St. Croix & Wisconsin railroad
companiep. There are about 600 miles of road, and it issues
its securities ss follows: First mortgage bonds, $12,000,000 at
5 per cent income bonds, $9,000,000 at 5 per cent, noncumulative preferred ftock. $3,000,000 at 6 per cent, cumu1 five common stock, $10,000,000. It offers to the Wisconsin
Central Railroad owners to exchange first-series bonds for
first-mortgage bonds, dollar for dollar second-series bonds
for income bonds, dollar for dollar
preferred stock for preferred stock, dollar for dollar for one half, and will purchase
the other half at fifty cents on the dollar, paying for it with
income bonds at seventy- five cents on the dollar. The new
company will purchase the old common stock at forty cents
:
$100, $500 and $1,000.
Denominallons.—$l ,000.
$15,000,000.
A mount Authorized.— $2,000,000.
Cjnpou; Coupon; but may be registered as
Coupon or Registered.
to principal.
but may be registered as to prin-
—
cipal.
Payable.—The interest is
per cent per annum, and is
payable in " Dnited States Gold
Interest
i>
Coin" April
York
;
;
;
on
and pay for it with new common stock
is not compulsory, and parties
preferring
on these terms need not do so. This
proposition, however, is intended
to
be advantageous
to all holders of Wisconsin Central securities. Under the
new arrangement the interest charges will be $1,230,000 per
annum, divided as follows First mortgage bonds, $600,000
income bonds, $450,000 and preferred stock, $180,000. The
aggregate amounts to $2,050 per mile. » * * There will
be 25 per cent less fixed charges per mile ahead of the new
common stock than there is at present ahead of the
old, and the expense of steel rails and other improvements
•will not have to be provided for at the expense of the old
the
«t fifty.
not to
dollar,
This
sell
:
;
;
etockholders." * * * " As to the proposition being kept
from the public, the reason was simply this— the officers preferred not to say what they wanted to do until they were
ready to do it ;" » « * " but as imperfect statements have
been made and the public have been misled to some extent
thereby, they deemed it best to state precisely what the plan
was. They are only waiting for the new securities to be prepared, which will be ready in a few days."
and Oct.
1 in
New
City.
P'incipat Payable— July 1, 1908
"In gold coin of the United
States of America,'" in New York
Olty.
Sinking
Default.
—If
May
1
and Nov.
1 In
New York
l^ty " in United States Gold
Oolu." (The flfot eleven coupons
were payable partly in soi ip.
July 1 190S. "In gold coin of the
United States of America," In
New Y^ork City.
,
None.
Fund.— THone.
;
;
1
Six per cent per annum, payable
default shall be made in the payment of
said bonds, or in case default in the pay-
principal of
ment of interest
on each of six
" shall be
made and
shall continue until
coupons some
on the bonds eecured hereby shall be in default
and unpaid, and if, as a further express and cumulative
successive
due dates of
interest
condition, the holders ot bonds representing, in the aggregate, at least a majority in amount of the bonds of each
serifs secured hereby, in respect to which such default may
exist, shall join in a demand in writing requiring the party
of the second part so to do, then, and not otherwise, the said
party of the second part shall have the right to enter upon"
The net income from the said
and operate the property.
premises shall he applied in the discharge " of interest, or
interest and principal, of the bonds secured by this deed, as the
holders of a majority in amount of the bonds of each series
secured hereby, which are then in default, shall determine."
Or in the event of such default and such demand as aforesaid, the trustee "may" apply to any court having jurisdiction in the premises for a foreclosure and sale of the same.
Or under like circumstances " it shall also be lawful for the
said trustee " to eell all the railroad, etc., at public auction, .at
Richmond, Virginia, and to apply the proceeds to the payment of the principal and interest which shall at that time
have accrued, pro rata.
" In event of such right of foreclosure and sale accruing for
non-payment of interest, as above provided, immediately
thereupon the whole amount of the principal of the bonds
secured by this deed shall become due and payable," and this
provision
is
expressly declared not to be in the nature of a
Jdly
THE CHRONICLE.
0, 1887.]
penaltj, but to be necescary to efTecluEtte the purposes of the
deed.
—
" The right of action, under this doed,
vested exclusively in the party of the second part, truHlee,
Its successor or succe.-iBors, and under no circumHiances bliall
any individual bondholder or number of individual bondholderB, have any ritcht to institute an action either at law or
in equity on the bonds or coupons hereby secured, or under
this deed of trust for the purpose of enforcinR the payment of
said bonds or coupons or of enforcing any remedy herein and
hereby provided, and all actions and proceedings for the purpose of enforcing the provisions of tliis deed shall be instituted
and conducted by the i)arty of the second part, trustee, its
successor or successors, without any interference on the part
of any indivi.iual bondholder or bondholders, until and unless
the holders of bonds representing in the aggregate a mnjority
in amount of all the bonds of each series secured hereby, in
respect of which default shall exist, shall unite in requesting
the party of the second part, trustee, its successor or successors, to do or refrain from doing any particular act or acts,
etc." In case of such request made in writing the trustee
shall conform its action under this deed to such request, so far
as may lawfully be done and the majority in amount of the
holders of bonds of each series secured by this indenture, then
in default, shall have the absolute right to control the action of
the trustee under this deed.
Ally action of any trustee in disregard of the wifhes of said
majority shall immediately create a vacancy in said trust, and
the authority of said trustee shall cease.
Rightnof Tmstees.
is
65
or shall Mt^ind, anrl the trm-ks thereto, and also alt landu
tracks, stations, machine shops, roiiiid-hounes and fixture"
at and iH'tween the junction uf the nuUn line and the terterminus at Newport News, and neceMarr for the main-
tenance and oi)eration of said railroad, and all locomotiveH
and rolling stock and other movable property that may to
hereafter acrpiired for the use of said company in opc^rating
said railroad on the Peninsular Ixstween the point.s aforesaid,
together with all tolls, rents, incomes, issues and profltfl of tho
premises liereby conveyed."
Bon/Is secured.— Vnnt.— The series of Ixmds
Appointment of Trustees.— li
at
any time
it
shall
become
;
SECOND MORTGAGE OF CHESAPEAKE & OHIO RAILWAY TO SECURE CURRENCY BONDS OF JULY 1,
1918.
as Six
New York.
" The holder of any of the bonds of Series A is to have no
preference over any holder of any bonds of this series by reason of any priority in date, or in the time of issuing the .same
or otherwise, but the bonds of the two series are to have
entire equality of lien on the railroad and property herein
described."'
THE BOND.
;
necessary to appoint a successor to the present trustee, the
appointment sliall be made by the party of the first part and
if said party shall fail to act within six months, application
may be made by holders of bonds secured hereby to the
amount of |1, 000, 000 to any court having jurisdiction for the
appointment of a successor.
known
per cent Mortgage Gohl Bonds of 1911 Ix-low de.scril)ed.
.Second.— The Six per cent Mortgage fJold Bonds of 190«,
Series "A," amounting in the aggregate to |2,00O.0()O,
described in the trust deed to the Central Trust (Company of
Six per cent Mortgage Gold Bond of 1011.
Do(c.— January 1, 1881.
itennmiitntion .—$\ ,000 eaoh.
Ammtnt A uthorized. -ifii.Oi 0.000.
Coupon or Heiiislrri: *.— Coupon; hut may be registered as to principal.
JnlereM I'd i/nble—The. lnU•ri•.^t in
percent per aunnin. payable "In
Ur.ited States gold coin" April 1 and October 1. in New York Clfjr.
PrincijMl Puiiabh. —.laaunry I, 1911, "in gold coin of the United States
of America." in New York City.
Sinking /*»/trf.— None.
Default. Provisions the same as in the
—
and " B ' bonds due July
1,
mortgage for
"A*
1908.
— Provisions the same as in the mortgage
1908.
Trustees. — Provisions the same as in tho
"
"
Rights of Trustees.
for "
A
and " B" bonds, due July
Appointment of
mortgage for " A
FIRST
"'
and
B
1,
bonds, due July
1,
1908.
MORTGAGE ON EXTENSIONS OF THE CHESA-
Date. ^July 1, 1878.
PEAKE & OHIO RAILWAY, TO SECURE
PER
CENT GOLD BONDS OF JUNE 1, 1922.
Ohio Railway Company, of
Parties. The Chesapeake
the first part, and Alexander B. Green and Isaac E. Gates,
Date.— June], 1882.
TiTistees, of the second part.
Parlies. The Chesapeake & Ohio Railway Company, of
Property Covered. This mortgage is a next lien on the the first part, and Joseph P. Lloyd and Frank H. Davis,
property covered by the mortgage securing bonds not exceed- Trustees, of the second part.
ing |n;0O<),0OO of series "A" and " B," due 1908, and is also
Property Covered.— This mortgage is the first lien on the
subject, like the latter mortgage, to the lien of adeed of triist extensions of the company,
as follows
First The railroad
for a sum not exceeding $3,350,000, dated July 1, 1878 (pur- built, or to be built, from
Newport News, in Warwick and.
chase money funding mortgage).
Elizabeth City counties, Virginia, to Old Point Comfort,
THE BOND.
Elizabeth City County, Virginia, with two wharves to be built
Six per c«nt Mortgage Bond of 1913.
at Newport News, and such buildings, erected or to be
erected, "as are and shall be necessary for the operation of
Ba<e.-Julv 1, 1878.
Denominationii.- $100, $500 and $1,C00.
said railroad,'' and all lands, tracks and water front on theAmount .lii/AoW;«/.—,f 10.122.500.
Coupon or Kpgitlered.—Coapon; but maybe registered as to principal. line of said road belonging to said company, appurtenant to
Interest Fayob!e.—Tbe interest is fi per cent per anniini, and is payable and necessary for use in connection with the operation of saidJanuary 1 and Jii;y 1 In New Y. rk City. For tlio tirst eiplit years railroad, and all franchises, etc., pertaining thereto.
It was payable, wliolly or partly, in Second Preferred Stock of the
Second All that railroad buUt or to be built from a point
company, or in scrii) convertible into such stock. After January,
188(!, the Interfst was payable "wholly in lawful money of the on its line near the mouth of Scary Creek, Putnam Qjunty,
United States," with the following proviso: that if the net revenues West Virginia, to a point on the Ohio River, near the mouth
in any one year shall not be more than sullioient to meet prior pay- of the Great Kanawha River, Mason County, West Virginia,
ments of that year "then the interest hereon for such year shBU be
payable and paid in Second Preferred Stock, anything in this bond and all franchises, privileges, etc., appertaining thereto. Also
all lands, tracks, rights of way, stations, fixtures, rolling
or "in f aid coupons to the contrary thereof notwithstanding."
Principal Payable— Juiy 1, 1918. "in lawful money of the United stock, and otlier movable propeii;y. that may be hereafter
Staten of America," in New York City.
acquired by said company, for its use in operating said railSinking Fund.Sone.
—
&
—
—
:
—
—
—
Default. " If default shall be made in the payment of the
principal of said bonds at maturity, or in the performance of
the terms and conditions of said bonds, and if, as a further
express and cumulative condition, the holders of bonds representing in the aggregate at least a majority in amount of the
bonds secured hereby, in respect to which such default may
exist, shall join in a demand in writing requiring the parties
of the second part so to do, then, and not otherwise, the said
parties of the second part shall have the right to enter upon
all and singular the premises " and operate, or apply to the
courts for foreclosure, or sell the property at auction, under
exactly the same terms and conditions of sale, &c., as prescribed in the mortgage for series "A" and " B," above.
roaids.
THE BOND.
Six Per Cent Mortgage Gold
Do(e.— June 1, 1882.
Denomination.— $1 ,000 each.
Bond of 1922.
Amount Aulhori!ea—$3.i00,000.
Coupon or Kegittcred. —Conpon but may be
;
registered as to prlncipaT-
—The interest is 6 i>er cent per "annum, payable June 1
1 " in United States gold coin
in Now York City.
Principal Payable.— June 1, 1922, "m gold coin of the United States'
Intercut Payable.
and December
iu
New York
Sinking
City.
jp^iiid.— None.
—
Default. Provisions the same as in the mortgage for "A"
and " B" bonds due July 1, 1908.
Rights of IruHees. Provisions the same as in mortgage of
Rights of Trustees Same as those of the trustees of mort- "A" and " B" bonds due July 1, 1908.
gage for " A " and " B " bonds due July 1, 1908.
Appointment of Tiustees, Provisions the same as in th»
"
"
Appointment of Trustees. Provisions the same as in the mortgage for "A" and B bonds due July 1, 1908.
mortgage for "A" and " B" bonds due July 1, 1908.
New York Stock Exchange— New Securities Listed.—
The governors ol the N. Y. Stock Exchange have added the
—
—
—
—
MORTGAGE ON THE PENINSULAR DIVISION OF
THE CHESAPEAKE & OHIO RAILWAY TO SECURE
SIX PER CENT GOLD BONDS DUE JANUARY 1, 1911.
FIRST
i)o^— January
1,
1881.
Parties— The Chesapeake & Ohio Railway Company, of the
first part, and John Hillhouse and Edward St. John, Trustees,
of the second part.
following to the
list
:
&
Manitoba.—Additional consol.
41^ per cent bonds, No. 19,816 to No. 21,444, $1,629,000, making total listed $21,444,000.
Northern Pacific—Aditiocal Ist mort. RR. and land grant
bonds. No. 53,510 to No. 53,359, $850,000, making total Dated
St.
Paul Minneapolis
153.359,000.
Minnesota & Northwestern— Additional Ist mort. bonds^
Property Covered— All the railroad of the said company, N<'8. 4,700 to 4,800, $101,000, making total listed $7,783,000.
Chicago Rock Island & Pacific— Additional 1st mortextending from a point on the main line of railroad of said
company, near Richmond, Virginia, to Newport News, Vir- and collateral bonds, Noa. 9,861 to 10,£«0, $1,000,000, makginia, arid all franchises, rights and privileges belonging thereto, ing total listed $10 860,000.
" together with two wharves now constructed or being conN. Y. & Perry Coal & Iron Co.— Additional capital stotdc
structed at Newport News, and the land on which they stand, $1,500,000, making total listed $3,000,000.
.
THE (jHRONICLE
56
XLV.
LVOL.
COTTON.
Jhje Ol^jomtttjernal Sxmes.ll
Feidat. p. M., July 8. 1887,
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (July 8), the total receipts have reached 1,261
bales, against 3,598 bales last week, 2,364 bales the previous
Feiday Nioht. July 8, 1887.
week and 3,549 bales three weeks since making the total
The intense heat has delayed the resumption of the regular receipts since the Ist of September, 1880, 5,194,203 bales. a6;ainst
order of business, and for the next fortnight a quiet state of 5 273,397 bales for the same period of 1885-86, showing a deThe heavy payments for account of crease since September 1, 1886, of 79,194 bales.
ailaira may be expected
Fri.
ToUU.
Wed. Thur:
Tutt.
interest, dividends and pensions, and the calling in by the
Man.
SaL
Btuipttat-
Thb Movement of the Cbop,
COMMERCIAL EPITOME.
;
.
treasury of the outstanding three per cent bonds,
Federal
of domestic and foreign merchandise at dates given
Pork
23,046
25,415
39,934
47,207
446,212
100,700
71.750
47,477
None.
2,493,500
bbU).
tea.
liard
IV>baooo, domestio
Tobacco, foreign
bales.
Oofiee,Rlo
Coffee, other
OoSee, Java, Ac
........
Sugar...
bags.
mats.
hhds.
Uids.
bags.
boxes.
bags. Ac.
flngar
agar
HeUulo
hlids.
300
Molasses, foreign
Molasses, domestic
bhds,
2,325
1,500
403,800
165,385
19,603
1,787
bbls.
No.
Hides
Cotton
Bosln
bales,
bbla.
turpentine
ar
Bloe, E. I
Bloe, domestic
bbls.
bbls.
bags.
?(ilrlts
991
3,680
4,140
None.
15,700
14,200
35,009
None.
V^S^bags.
bags.
linseed
iBaltpetre
-Jute butts
bales.
bales.
bales.
Manila hemp
'Blsalhemp
1886.
June
July
1.
1.
439
1.346
1,000
311,000
248,481
16,628
1,532
1,965
3,910
6,200
7,600
17,350
52,400
19,930
5,845
Lard for future delivery opened at some further advance,
but soon took a downward turn, in sympathy with the course
of prices for ladian com, for which the prospects of the next
crop were greatly improved by rec ent rains. To-day an early
decline was nearly recovered. Lard on the spot was dull
until yesterday, when at some decline a considerable business
was done; but the close is quoted at 6 400. for prime city,
6'77)^@6'82Jic. for prime to choice Western, 7c. for refined to
the Continent and 7'40o. for refined to South America.
D4n,T CLOSINQ PBICES OF lARD FUTUBB'S
Saturd'y.
..
August
..
'Sept.
October
Nov,
"
"
"
..
..
..
Mond'y.
W
B
Tuetd'y.
6-95
6-93
7-08
S
V!
£
713
703
a
S
-!
S
S
50.
Boston
Baltimore
PhUadelp'a, &o.
13
Totals this week
37
17
278
X38
87
30
68
163
135
310
1,261
896
189
For comparison, we give the following table showing the week' g
total receipts, the total since Sept. 1, 1886, and the stock to-night,
and the same items for the corresponding periods of last year.
1885-86.
1886-87.
Siceiptt to
July
8.
TMs
Since 8^.
Week. 1, 1386.
43
Salveston..
Ind'nola,&o
New Orleans.
Uobile
414
706,578
Stock.
Since Sep
1, 1885.
Thit
Week.
1886.
1887.
3,297
6,053
73,196
410
26,871
5,875
1,104
6,607
679
3 141
1,039
708
2,278
3,919
2,260
218,871
10,437
9,230
13,659
695,.')04
781
526 1,720,520
14 213,404
4,541 1,720,174
410 246,653
23,167
794,549
31,731
1
117 -367,830
19,212
40
134,555
Florida
47
..
Br'aw'k, &o
Charleston ..
Pt.Royal,Ao
Wilmington .
U'head C.,Ao
273
133
Norfolk
W.Polnt,4o.
New York...
37
Boston
Baltimore...
30
Phlladel'a,Ac
1
50,11S'
1,551
795,761
16,252
498,270
14,315
101,636
7,821
559,892
283,987
56,109
118.378
67,023
50,723
1,069
9
3,839
531,118
549
934
324,069
96,799
105,273
61,441
57,118
3
787
586
1,237
2
145,991
4,000
2,818
14,500
249,312
1,261 5.194,203 12,694 5,273,397
2,500 bales addad as correction of receipts since Sept. 1.
Heeeipttat—
*^° drooping, but clopes fairly active
at»^'5^'3^io.'?®"*'J?*
Ba>i@S3J.£o. Rosins are decidedly lower at $1 05® |1 15 for
common to good strained. Crude petroleum certificates are
lower, closing at 60»^@60Jic. Wools have been fairly
active
at full prices. Hopi are very firm. Straits tin was active
today at 22^0. for September. Ingot copper hag been fairlv
active anu closes firm at lOij^ca 10 5-160. Other metals
without feature, except that interior iron markets are stronger
Ocean fr^ighta liave been active for grain room and rates
close a fraction dearer in some cases,
-.
—
61
307,638
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
•
^
199
133
New York
*
for creamery, but closes quiet. Cheese has been quite buoyant, but yesterday and to-day was dull and drooping at 8@
9}4c. for State factory, full cream, the higher figure an
extreme for fancy colored.
The speculation in Rio coffee has relapsed into dulness, with
fluctuations within comparatively narrow limits, closing
to-day with sellers at 16'85@17-30c. for the summer and
autumn and 17-35@17'35c. for the winter and spring months.
Coffee on the spot has also been very quiet, with fair cargoes
Rio quoted at 18}^c., and a sale of "interior" Java at 24}^c.
Riw sugars have been dull, and close easier, with sales today at 4%c. for fair refining Cuba and 5 5-33c. for centrifugal,
86-degree8 test. Molasses has declined and closes nominal at
181^0. for SO-degrees tfst. Teas are more steadily held.
Kentucky tobacco has been active for the home trade; sales
for the week 850 hhds., of which 225 for export. Prices are
unchanged. Seed leaf has sold to the extent of 800 cases as
follows: 200 cises 18S1-S2-83-84 crops, Pennsylvania seed
12)i@14c.; 100 cases 1885 crop, Pennsylvania, 13@16^c.; 100
cases 188o crop, Pennsylvania Hivana seed,
10J^@20c.; 150
cases 1884-85 crops, Little Dutch, 9@14c.; 100 cases 1884-5
crops. State Havana, 1 1® 16^c. and 150 cases sundries,
7@ 28c
Havana, 60c,@$l 05c„ and 150 bales Sumatra,
^f}^
1
117
40
Total
Vedns'y. Thurtd'y. I'riday.
6-78
6-78
6-88
6-81
678
6-98
6-91
6-88
6-96
6-93
703
6-92
6-85
6-84
,
102
40
13
1887.
Pork has been sold more freely, losing part of the late advance. Glalvest'n.Ac.
Pickled meats have been more active at 8@83^c. for bellies and New Orleans.
ll}^@12c. for hams, but other cutmeats were quiet. Tallow MobUe
is down to S^^c. and is active.
Butter is dearer at 15i^@20i^c, Savannah ...
^J^,
^1 oU(gf
I
10
WeBtPolnt,&o
Savannah.
July dellv'y
47
1
....
Uoreh'dC.(bc.
Norfolk
14,392
36,386
37,010
44,891
234,668
97,711
83,500
29,340
None.
1,595,126
22,362
39,267
38,091
47,342
327,565
52,347
81,500
37,328
3,073
2,189,053
None.
1,501
2,000
380.100
198,130
14,985
1,522
1,136
8,160
5,800
None.
15,300
17,700
35,647
3,028
526
14
25
19
Charleston
Ft. Boyal, Ac.
:
1887.
49
2
1
Brunsw'k, Ac.
Wilmington
1887.
July 1.
43
19
163
149
6
131
8
10
2
Savannah
active, is devoid of features of striking interest.
The following is a statement of the stocks of leading articles
10
24
Qalveston
have caused a return of ease in the money market, and there
Indlanola, die.
eeems to be no apprehension of recurring stringency, at least in New Orleans...
the near future. Still, speculation has received a shock from MobUe
which it will not readily recover; and regular trade, though Florida
1886.
414
526
4,541
50
448
29
51
60
14
410
47
157
ffUm'gt'n,Ao
Norfolk
W. Point, Ac.
AH others ...
1,551
1,669
9
273
133
519
934
68
2,611
61
5
2,153
Tot. this w'k.
1,'261
12,694
2,862
Oharl'sfn, Ac
Since Sept. 1.
1884.
1885.
43
1883.
we
188S.
233
87
570
321
99
162
26
630
5
3,108
4,127
4,654
2,420
1,061
3,572
6,454
11,024
8,142
154
638
94
17
365
101
1,054
728
662
167
35
630
5194 20! 5273,397 4719,543 4794,874 5915,986 4639,715
OalTCSton Includes Indlanola Charleston Includes Port Royal, Ao.'
Wilmington Inoludes Moreh'd City, Ac; West Point Includes City Point, Ao;
The exports for the week ending this evening reach a total
of 18,162 bales, of which 11,317 were to Great Britain,
to France and 6,845 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1886.
Wtek EntUno JuJy
BXVOTUi to—
Bxporti
Qrtat
from StvU
8.
1.1886, to JuluS. 1887
axported to—
OontU
nmt.
CcnlU Tjtal
ereat
Wrance twnt. Weeli. Britain. France
Brit'n.
Salveston
New Orleans..
Mobile
2,847
8,647
295,546 89,352
738,319 319.902
Totai.
101.900
890.798
370,249 1,422,470
46307
46,807
Fieri da.
SKTianata
Charleston
.....
....
WUmlnKton...
Norfolk
...
West Polnt,&o
New York
Baltimore. ...
Phllaaelp'»,Ao
Total
15.488
4,108
11,285'
Boston
82
82,
..•
••
11,317'
1.687
8.001
243.960
143,206
10,857
3,900
8,406
236.031'
«95.7«7
277.628
109,640
880,126
108,234
745,959
2,092
14fi.660
28.844
3,219
183,667
56,012
.
18.162 2.636,101 472,000 1,155.661 4,263,765
6,S41
1^
1
Total 1888«' 28.809'
a33,lF0 18.M8
90,453 43.966
90,833
7.960
826,226
.
...
97.678
2,150
469.658 40,272
144.56S
.1
96.078
8.750
62.793
'
..
_L.-'_
89,897 2,466,801'105,810 1.269 607 4,142.261
gg
July
1
1
On BMpboard, noteUar*d—f»r
8,
At-
Lttnint
0th4r
Altai
A*anM.
Britain.
•w Orleans
Ooattwit*.
6,880
None.
None.
None.
None.
None.
4,050
None.
2,032
None.
None.
None.
None.
None.
None.
None.
13,628
None.
Otbei porta
None.
None.
None.
None.
None.
None.
None.
None.
1,000
1,104
8,297
2,278
136,441
21,867
Total 1887
11,216
None.
10,930
2,032
24,278
225,034
Xatall886
Total 1885
20,182
10,188
1.500
None.
7,078
4,042
2,236
30,996
14.42S
276 637
242,755
KobUe
....
orfoUt
ewYork
The speculation in cotton
4 4
S3
410
579
B,f>riO
245
O©
for future delivery at this market
(after the
•pot declined l-16c. on Tuesday, with a good business done
for export, and was dull and l-16c. lower on Wednesday.
Yesterday there was liberal buying for home consumption.
To-day the market is quiet at 10 15-18c, for middling uplands.
The total sales for forward delivery for the week are 480,1 J
bales.
For immediate delivery the total sales foot up this week
4,5il bales, including 2,350 for export, 2,391 for consumption,
Of the above,
bales
in transit.
for speculation and
were to arrive. The following are the official quotations for
each day of the past week.
—
—
.ici
1
<
2
«.=':
I
8'?
G'd Ord
10 >4
9J»i.
LowHldd'g
lOBg
10i»ie
»jo>
2s
"I
Btr.L'wMld
Ulddllng...
Good Mid..
p.
IIH
Wed Tb.
8%
9\
I
IHie
11
ll^i.
ll'ie
ll"i«
lUlis
12l}«
Wed Tb.
Frl.
Ordlnr.Vk
83$
BtrlotOrd..
Good Ord..
8"i« 8"18 8lSl6 9
838
8»l8
12iMe
Frl. IVecl 111.
2
8»i8
8»I8
83,8
8»18
8«i8
9
9
9
9
9\,
915t8 915l8
G'd Ord 103,6 103,8 103,8 103g 1038
10*18 10%
10%
liOW Mldd'g 10»,8 109,
101618 1016u
Btr.L'wMld 10!^ 10\
Middling... lOl^ie' 1016, 101618 llie
eoodMId.. 113l8 U3l» 113,6 1138 1138
in,. 117,8 11<>8 ll»8
Btr. G'd Mid
12
Hldd'gFalr llli,, 111318 11'3„ 12
12T,g 121,. 121,8 1258 12°8
Fair
I
Btr.
9"l8
1038
giBifl
a03a
10% lio%
10i»i8 10'°ie 1016,j lOi'ie
11>8
ins
1138
il'a n«8
113a
11«8 llOg
ll»8 11 «8
im im
•
,
BTAINEO.
Sat.
10%
im
12
12
1208
\2H
inom Tnea
12
12!>8
Wed
TIa.
81,6
8'18
8%
8%
9'iie
9"l«
12
12<>8
8>«
Vlb.
vn.
HoU- HoU-
Low Middling
day.
day.
Middling
9%
10»i
8%
10»18 10»i, 10»16
UABKXr AND SALES.
-1^
ALBS OF SPOT AND TSAX8R.
oumao
porJ. »i4mp|«r«'n
Toes. Easy 3 ijn dec
Wed Steady ® 1,8 dec
ThnnFlrm
m.
\xotal.
Balet,
Dtlit-
'.Holiday
tM..
Hon.
TOtaL
tit.
FtrnjKKs.
Quiet and steady
.UoUday
2,250,
....I
....
....;
2431
1,256
...
...
...
388
...
404
2,493 103,800
404 150,800
1,256 89.400
388 lao.uoo
700
200
300
4,54l'480,90Ol 1,200
2,2502,2911
The dally deUverles given above are actnally delivered tke day
fisvloas to that on whlon tbey are reported,
The Sales and Prices of Futures
ing comprehensive table,
are
shown by the follow-
2
-jo.j
I
»a>
o
ojv
2
COXm^
^0*
IP
00
cw
MM >
s
^?.
MMO«M
\
(P50
-job
^
2
»OlM^
060>
-jo-i
I
99
d»a
<
2
®<o;
^
ebw
2
«?
99
ado
<
2
coco
5
id,
2
5
n
o
5
>
coco
*.<>•:
I
n
O
cecBoto
d>a©d
W*. M
to
CDCD
^
2
®,o:
I
CD
COCOqCO
COtDc®
«.'-:
I
CO
s
OtH*
Ol
;
coco
*.Om^
Ten
coco
da
5
s
"^
00
cbaOa
c;i^
Ki
gaco
CO
2
CDCO
-j-i
5^
~)o>
2
^.u":
I
(0<So<0
CO
coo®
-j-jod
COCn
99
-j-i
95
o
0>IO
I
«
<
2
"^
:
CO«qCO
-J..JO-4
CO®
do
(000
I
I
!
02
^.^^
ccob
o*j
I
>
5
2
'^
®.":
«®
IJ
-j-1
2
o
®®o®
-j^jod
I
«.':
u
CpcOOCO
2
**
j-j
CO
!J
2
sm:
®®o® -i-io-j
®®o®
®M ® ace
99
99
obob
2 obob
MO
Ten
**
1
CO
COCD09
QodOob
aco
^
2
-<
M CM ® WO
-4
^
i9|9
«.*•:
»®
-j-j
GOOD
CO
CDCO
^
99
dd ^
2 do 2
ftOM'' MOm^
10
cocooce cocooco
tscoo® 992
liOa
01
<
2
''
a.*:
COCO
obob Coo
CO
Kaat
®® > 99 5
coco
2 dbx 2
COM
I
d
1
I
1
1
Id
Id
i
"
:
m5 ®xo® 9 o9
CDtD®c6 CO o®
1
The total sales and future deliveries each day during tie
week are indicated in the following statement. For tne conTenienoe of the reader we also add a column which snows at a
glance how the market closed on same aays.
2
8»:
ll^
Bood Ordinary
Btrlot Good Ordinary
MC/t
^ «9 ^
«csS<o
00(J3
916,8 9l6l8
1038 i03e
10%
MOW**
^>^:
I
Frl
9
00
1
10"ie
12ii«
12ili.
ll''^
12J«
Fair
107,«
ll»,e
11>4
Btr.O'dHld
Mldd'gFalr
10
107,g
lOiSie
9<T
CD CO
8»8
91l8
iS'"
«»:
I
OOo© ooSo OOoO
SoSo SOoC oooO i?SS
66*6
06*6
_
1^^ ^ OPO
—
8»8
ij
0»
9*
o®
I
Ordln'v.Vli
StxlotOrd..
Good Ord..
Btr.
.-OH.
TEXAS.
NEW OBLEANB.
OFLANDB.
Sat. Blon Tnes Sat. IdonlTnea Sat. IBon Tnet
Julys
67
59.668
lOO
None.
None.
None.
reports of excessive rains in various parts of the South, causing
a dercand to cover contracts, and leading some operators to
the belief that a turn for the advance might be safely made.
Yesterday an early advance on favorable Liverpool rejjorts
was not fully maintained. To-day a weak report from Liverpool caused an early decline, with heavy selling for SeptemDer, but renewed symptoms of a purpose to "corner" August
caused a brisk advance in the later dealings. Cotton on the
to
1
1!
adjournment from the previous
Friday) in a state of depression that was quite severe, under
which prices declined 19(^26 points for the early months and
13@ 17 points for the more distant deliveries. The Ldverpool
report was very disappointing to the bull party, while re.
ports from Lancashire indicated that the "short time" movement was making progress. These, together with very favorable reports from the growing crop, discouraged speculation
to an extent that cauf ed heavy selling, besides leading the
bears to operate quite freely for the decline. On Wednesday
there was some further decline, but the close was stead ier_ on
opened on Tuesday
July 2
'
Total.
4.710
None.
None.
None.
None.
None.
8,500
1,000
Oharleston
Bavannikh
Oalveaton..
1
THE OHBONIOLE.
0. 1887. J
In addition to above exports, our telegrams to-night alno gire
as the (oIlowinK amounts of cotton on shipboard, not cleared,
at the porta named. We add similar figures for Now York,
which are preunred for our special use by Messrs. Carey, Yale
A Lambert, 24 Beaver Street.
JmIV
1
M
^
I
(Otop^
obcD^ob
COtO
00
«
:
CDQDaCO
<6tDvc6
mOD
OP
>
1
1
1
«:
I
l!
1
:.
1
1:
^Inolndes galea In September, 1886, tor September, 42,900; Beptem.
t)erOotobor, for October, 287,200.; September-November, for Novemlwr,
441,700- September-December, for December. 76.'S,100; September.
January, for Janiiiiry, l.iiS.'i.gOO SeptembiT-Fehruai y. for FebroarTt
1 282,400; Seitember-March, for Maroh, 2.106^00: Septeniber-Aprtl,
for April, 1,028.900; September-May, for May, 2,0O5,9OC; Septembe»<
June, for June, 2.55.'>,200.
t^' We have Included In the above table, and shall continue eaeh
wc'oK to give, the average price of futures each day for eaeh inontll. It
win be found under oaoh day following the abbreviation " Aver." Tb*
average for each month for the week Is aleo given at twttoui of table.
c; TueadaT*
c; Monday.
Transferable Orders -Saturday,
10-750.; Wednesday, 10-700. Thursday, 10-76o. Friday, 10^750.
;
;
;
The following exchanges have been made during the weekt
•40 pd. to exoh. 500 Oct for Sept.
-13 pd. to exch. 100 Dec for Oct
-0-3 pd. to exeh. 500 Nov. for Jan.
•07 pd. to exeh. 1 ,0ii0 Jan. for Oct
•11 pd. to exch. 1 ,000 Oct. (or Apr.
-66
-15
-07
-39
pd.to eieh. 100 Sept, for An^
pd. to exch. 400 Dec. for Mar.
pd. to exch. 100 April for May.
pd. to exch. 1,000 DectOrSept.
The Visible Supply op Cotton to-night, as made up by cabla
and telegraph, is ss follows. The Continental stocks, as well as
p
:
"
.
THE CHRONICLE.
58
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
to Thursday eveninjr. But to make the totals the complete
figures for to-night (July 8), we add the item of exports from
the United States, including in it the exports of Friday only.
1885.
825,000
19,000
1887.
1886.
bales
780,000
28,000
619,000
21,000
Total Great Britain stock.
808.000
4,600
55,100
34,000
670.000
4,000
40.200
27,000
844.000
200
600
1,200
220,000
3,000
44,000
6.000
12,000
1,300
153,000
7,000
64,000
19,000
11,000
409
900
Stock at Liverpool
Stock at London
Stock
Stock
Stock
Stock
Stock
Stock
Stock
g
.
:
at Hamburg
at Bremen
at Amsterdam
at Rcittor Jam
Antwerp
at Havre
lit
at Marseilles
Slock at Barcelona
Stock at Genoa
Stock at Trieste
327,100
380,100
Total Continental stocks
1,188,100
Total European stocks
:lidlacortoaalli>at for Europe. 209,000
33.000
Amer. cott'ii afloat for Etir'pe.
35,000
Egypt, BrazU.&c.aflt for E'r'pe
Stock m rmted ntates ports.. 249,312
27,337
Stock in U.S. Inteiior towns..
2,909
United States exports to-day.
4.000
45,700
44,000
177,000
4,000
64,000
9,000
7,000
356,000
1884.
887.01
53,0f0
940,000
4,500
70,000
51,000
220,000
6,00C
63.000
13,000
12.000
44a,8u0
997.100 1,200,000 1,383,800
251,00U
17l*,000
223,000
76,00C
81,000
118,000
2i,00(i
5,000
4,000
28^,540
307,633
257,180
26,766
25,390
63,682
14.000
2.200
5,563
1,741,658 1,723,978 1,749,770 2 ,056.106
Total visible supply
Of the above, the totals of Amerioan and otlier descriptions are as follows
American—
United States stock
United States interior stocks..
528.000
231,000
33.000
249.312
27,337
471,000
230,000
118,000
307,633
68,6s2
-United States exports to-day..
2.9i;9
5,563
bales
Liverpool stock
Contlneutal stocks
American
afloat for Europe...
607,000
243,000
% 1.000
257,130
25,390
2,200
564,000
276,000
76,0
»'
282.?^40
252.000
!(8.0D0
149.100
209,000
35,900
673,100
Total East India, <tc
Total American
218.000
19,000
113,000
179.000
5,000
178,000
21,000
97,100
22:^,000
4.OO0
534,0UO
523,liiO
into Continental ports this
week have been
1881.
A I THE Interior Towns
the
movement—that
the receipts
for the week and since Sept, 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1885-86 is set out in detail in the following statement.
is
—
II m
J,
^•%
*^
I ri
H"" !» as*
r»
ft
Mon,
107, e
107,
lO'ie
1038
101s
lUlfl
10\
10%
10%
10%
(Vllmlngton..
Norfolk
lO's
lO's
lOTg
Boston
Baltimore
ills
Charleston
..
.
PhUadelpWa.
Augusta
.Memphis
....
LnUs
St
Clucjnnatl...
LouifVllle
..
» e+ H— ,-, I
a- .»pof-
o
;
*
:
M.
c*
p » <
-^
Eg o 5 =
koto
ce-i
i»»o;.
t-*
t-'M-
M M to a CD * 00
<0
rf».
CO CO 50
OWX
C"
o
O to M S 10
rf-
.
Ml
w:
wto
'-'^
W"
QDV"
®K^M^50: lOMosW
Vi
I-
;/)
X yi c;,
-J.
<sl
^
.
wOClit*.
to
•Ek^MMM
O
:£
1^ 00
W W ^< X
•-rfi».;cos*ha,a
M M
©oi -J poi ;» w ooxKkfflcrowSaS
iJI ? ^ ?!*"*">* If' -'"0>'i>"N>Mt»'..ji.
CO
-Xifiyi
10
«c
w
01
»0
^
>
fc-m ,.-1-1
O CO yi ». - —
•
1078
10^8
Ills
11
11
H14
10%
III4
loSs
10=8
1C13
10%
11%
1(1%
10»8
10 Bs
10%
l<»e
10%
10 >«
10%
10%
10%
lO'^s
lO's
lO's
1078
1078
10%
ll3e
10%
Receipts from the Plantations.— The following table
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.
w«*
Receipts at t*« Port: at'* at Interior TImotm.
1885.
June 3
10
17
24
July 1
'•
8
1886.
1887.
3,917
4.i2»
2.877
2.155
1.818
22,773
24.881
14.883
13.510
3,540
2.3S4
3,598
8.868
12.691
1,261
10,837
1888.
1889.
7,599
4,082
18M7.
51.B4t 139.841
UH.007
89,0H 105.274
47,701
53,K3S
51,059
46,0^3
Rec'pUfrom PlanViu
1885.
1886.
2,986
480
1,830
11.848
1887.
2,844
1,858
35.t»:2
98.632
45,252
5.721
1,528
33,618
28,711
86.tl91
4l.9l>2
248
77,861
38.253
3.872
3,381
..
..
The above statement shows— 1. That the total receipts from
the plantations since September 1, 1886. are 5.184,396 bales;
in 1885-86 were 5,335,30^ bales; in 1884-85 were 4,731,039 bales.
2. That, although the receipts at the outports the past week
were 1,261 bales, the actual movement from plantations was
only
bales, the balance being takt^n from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 3,361 bales and for 1885 they were
bales.
—
Amount of Cotton in Sight July 8.—In the table below
we give the receipts from plantations in another form, and add
them the net overland movement to July 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
to
.
Tbt> ftKure* for Luiiisvjiiw
m
*9,807
61.811
1884-85.
1883-84.
11.496
•17,215
6,345,458 6,451,766 5,597.605 5,613,264
((j2,194 bales.
Weather Reports by Teleobaph.— Crop
reports
by
tele-
graph from the S ,uth to-ni>,ht continue, as a general thing, of
a very satisfactory character, although at a f- w points dry
weather is de.-ired. This week two bal s of new cotton have
been received. Our correspondeuts at Austin and Luling,
Texas, state that worms have appeared and poison is being
used.
ffalveston, Texas.— It has rained on three days of the week,
the rainfall reaching one inch. The thermometer has ranged
from 70 to 89, averaging 78.
PiUKsttuK Jexa-s.—Cropi are doing well, but require dry
weather.
have had rain on five days to the extent of one
inch and seventy-eight hundredths. Average thermometer
78, highest 93, lowes 68.
Huntsville, Texas— 'Riin has fallen on four diysof the
week to the depth of eighty-five hundredtns of au inch.
Condition of crop good, and rainfall suffii-iit. The thermometer has averaged 83, the highest being 97 and the lowest 72.
...^
hallos, Texas.— Vias^c^ are good, hut no more rain is
wanted at piesent. The outlook is flittering to a marked
degree and all lines of trade view with dellgiit the situation
as now presented.
Rain has fallen on three daysnf the week.
The thermometer has averaged 81, ran.-ing from 67 to 97.
Austin, I'exas. There has oeen no rain all the week. Prospects are the best for years, but worms are reported on some
planiatiors in this section and in t,uch nuuib^ra t'lat poisoning
has betjun. The thermometer has ranged from 73 tj 98, aver'
—
i.uih
1885-86.
5,194,203 5,273,397 4,719,543 4,794,874
We
lON-
sxw'w
1078
1.569.437 1,714,030 1,337,243 1,517,327
Decrease from Septtmber 1.
It will lie seen by the above that the decrease in amount
in sittbt toniKlit, as compared with last year, is lo6,:^ll8 bales, tue increase
as
coiuparvd with 1884-85 is 7*7,863 bales, and the inciease over 18S;-84
S
•
1(.''8
lO-'g
*
•
,*»
CTtw
10%
tndi:»te8 the actual movement each week from the planlatiocts.
The figures do not include overland receipts nor
Is
wwMto
<10to^*
10%
10%
ICa
Julys
^-'-w^wx M oo o, ^ ib c M i. ^ w M 5 ai
^W
«••
1014
10>9
lOSg
Northern spinners' takings to
^1
X *j wow:
in -q OS
5>j:n
«;
1014
I014
IOI3
Tot. receipts from planta'tns 5,184.396 5,335,20M 4,7>!1.039 4,777,659
(fet overland to July 1
783.0C2 816,553 605,566 573,605
Soathem consumpc'n to July 1 378.100 800.000 261,000 292,000
I-*
*.)
Fri.
10%
10%
10%
Interior stocks on July 8 In
excess of September 1
*»
a.
est'
P:
oM
o 3i *k
o cc ;o oj 7.
o: 0"-»
O)
ON—
Thurs.
1138
11 14
111%
lis.
11'4
Totallnslght July 8
*•
lO'ie
1014
10>«
lODg
im
lisg
Receipts attheports to Julv 8
Is? I >B JO. O
BO
ffi
Cb.
Wednes.
Tttes.
1886-87.
=0"
—
1,071,558 1,200,878 1,216,770 1,239,306
The above figures indicate an increase in the cotton in sight
to-night of 20,680 bales as compired with the same date of
1886, a decrease of 5,113 bales as compared with the corresponding date of 1885 and a decrease of 311,4'H8 bales as
o
Mobile
Savannah.
"
"
816,300
OLOSINO QUOTATIONS FOR MIDDLINO OOTTON
Satur.
lialvestou . .
Sew Orleans.
167,800
251,000
40,000 bales.
cV
Week ending
July 8.
•
1,744.658 1,723.978 1,749.770 2,056,106
Total visible supply
flSitd.
Price Mid. Upl., Liverpool ....
5'ac.
5HA.
56, fd.
gSjgO.
lie.
PrioeMld. Upl.. New York.... 1016^(5.
lO^aO.
compared with
Quotations for Middling Cotton at Other Markets.
5S,i)00
22.0no
last year. The receipts at
been 1,799 bales less than the same
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past ween.
26,7b6
14,000
323,00t
same period
week last year, and since September 1 the receipts at all the
towns are 51,329 bales less than for the same time in 1885-80,
1,071,558 1,200,878 1,215,770 l,239,a06
Total American
East Indian, Brazil, <£e.—
Xiverpool stock
London stock
Continental stocks
India afloat for Europe
-Egypt. BrazU, Ac, afloat
{^"The imports
bales less than at the
the same towns have
90;,
3,400
[Vol XLV.
years are "net
aging
86.
Jtn.T
9,
THE CH RON
1887.]
Luliug, Texan.
— It has
raioed oa on*) day of the week, the
hundredths of an inch. Cropi are
rainfiill reachin); thirty-five
in K^Hnd condition, but worms have appeared on Mveral (arm)
in this p irt of the Statu. Average thermometer 85, highest
06 and loiveat 73.
—
Protpects for a magnidoant crop wor«
but dry weather is required now. liiin hin
fallen on three dtys of the week to the di-pth of sevon In'ihe^
and twenty hundredths. The thermometer has averajjed 31,
the liiKhest being 93 and the lowest 71.
Citeni, Texan.
We have hai rain oi one day of the wei?k,
the rainfall reachiiif; twenty-six hundredths of an inch.
MrB.
Crops with no drawback wdl bo wonderfully large.
Hausni mn sent the first niw bale to Ilcnuton oi the 6th
Thid is the openini( of
inst.
It is of fine staple and (|aaUty.
an immense business in this section and by the midlld of the
month all gins will be running to tli'jir full capacity. The
thermometer has averas;ed 84, ranging from 73 to 97.
Brr-nham, Texas. It has rained on one day of the week, the
Prospects
rainfall reaching tweniy-one hundredths of an inch.
are brilliant and farmers are jubilant. The thermometer has
Columbia, Texas.
never
lietter,
—
—
ranged from 72 to 9i), averaginj? 85.
BelloH, Texas. Crops are looking fine. Run has fallen on
two days of the week, to the extent of sixty-three hundredths
of an inch. Average thermometer 86, highest 101, lowest 70.
Weatherford, Texas. Prospects are good, sufficient rain
having fallen, and the general condition of the plant is favorable.
It has rained on two days of the week, the rainfall
leaching seventy-five hundredths of an inch.
The thermomi^ter has averaged UO, the highest bating 100 and the
—
—
lowest
Ct.
—We
Ne-i> Orleans, Louisiana,
days of the week, the rainfall
have
had rain
on
five
reaching three inches and
eighty-six hundredths. The thermometer has averaged 77.
. hhreoeport, Lmisiana.
Rainfall for the week one inch
and seventy bundredih.s. The thermometer has ranged from
70 to 91 averaging 77.
Voinmb'jiS, Mississippi. We have had rain on five days of
the week, the rainfall reaching one inch and twenty-three
bundredib.a. Cotton is good and corn magniticeat. Average
thermometer 77, highest 93 and lowest 63.
Lelan-t, Mississippi,
Rainfall for the week ninety-two
hundredths of an inch.
The thermometer has averaged 76,
the highest being S") and the lowest 68.
Qreencille, Mi.-isissippi. Kaiiifall for the week two inches
and foriy-one hundredths. The thermometer has ranged
,
from
AUanta, C«o/-^<a,— Telegram not reoeivdi.
Albany, Oeorgia. T<!le,(ram not raoelvod.
Charleston, Houth Carolina.— li hu rained on six dayaoC
the week, the rainfall rea(;hing four inches and eightv-aevan
hundredths, Thn thermometer has aversged 70, tbe higheat
U'ing 89 and the lowest 69.
Sliiteburg, .%uih Carolina,— We have had rain on four day*
of the week, light on tbre^, the rainfall reaching one inch and
three hundredths. Average thermometer 75 7, highest 87,
—
lowest G3
R%in hai fallen on five daysoT
to the extent of one inch and eight hundredths. Tb»
thermometer has avernifed 76, ranging from 67 to 89.
week
Wilson, North Carolina.— It has rained on three days oC
the week, the rainfall reaching three inches and twenty-one*
hundredths. The thermometer has ranged from 6S to 88^
averaging
80.
The following statement we have also received by telegraph,.
showing the height of the rivers at the points named at So'cIooIk
July 7, 1887, and July 8, 1886.
Julu
New Orleans
We
65.
Vicksburg, Missisiippi.
—Crops
are good.
It
has
.........Above low-water mark.
<
13
10
1
Vlckburg...
low-water mark.
low-water mark.
low-water mark.
..,.At>ove low-wat*ir mark.
15
1
1
8,
ti
11
4
7
20
9
2
30
'Be-
Incite
Feel.
S
24
O
8
iMDiA Cotton Movkment fbom all Pobtb.—-The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to July 7.
BOMBAT BSOBUTS AND RBIPMBNTS FOB fODB TBABS.
[BhipmtnU thU week.
1
_
,
,
ShipmentM Since Jan.
Oreat
1
Total,
hriVn,} nent.
|
1.
Reeelptt.
|
ThU
ContiTotal.
ntuL
sritain}
Year,
Week.
9,000 2.000; lO.OOO 347.000 62J.0OC
7.O<J0| 7,000 :i92.000,m(',000
2.UO0 13,000 15,000 i(i8. 000 4'^.'),000
2,000 3.0OOI 6.000i-lUJ,000|6tJ2,000
15.000 1.407.000
12,000 1, 304 ,00*
9,000 l«6A,00^
6,000|l.503.00»
According to the foregoing, Bombay appears to show as
increase compared with last year in the week's receiptsof 3,0U0 bales, and a in'irease in shipments of 3,000 bales, iuad
the xhipments since Jan. 1 show an increase of 65,000 balee.
The movement at Calcutta, Madras and other India ports fo»
the last reported week and since the Ist of January, for two
" Other ports" cover Oeyloatv
/ears, has been as follows.
Tutisorin. Kurrachee and Goconada.
Shipmenlafor
Oreat
Britain.
beea
SMpmentt
the week.
Continent.
Tolal.
3,000
since
January I,
Oreat
SrilaiH.
CoutiTienl.
1,000
8,000
1,000
91,000
52,000
111,000
34,000
1,000
1,000
8,000
3,000
1,000
.'',000
25,000
20,000
16,000
12,000
19,000
1,000
127,000
75,000
128,000
46,000
.••,000
Total
205,000*
86,000
|
—
est 67-3.
—
Nashville, Tennessee. ^We liave had rain on four days of
the week, the rainfall reaching eighty-five hundredths of an
inch. The thermometer has averaged 78, ranging from 60 to 90.
Mobile, Alabama. It has b.^en showery on four days and
has rained severely on one day of the Wi'ek, the rainfall reaching two inches and forty-one hundredtlis. Crops are sjil-'udid.
The thermometer has ranged from 69 to 90, averaging 77.
Selma, Alabama. We have had rain on five days of the
week, the rainfall reaching one inch and fourteen hundredths.
The thermometer has averaged 77, tbe highest bjingSa and the
lowest 73.
Montgomery, Alabama. Crop prospects continue very
favorable. Itiin has f.llen on four days of the week to the
extent of one icch and fifteen hundredths. Average thermometer 70, highest 89 and lowest 769.
Auburn, Alabama, We have had fine weather for corn
but there has been most tco much rain for cotton, still a I
crops are good.
It has been showery on six days of the
week, the rainfall reachi 'g oue inch and forty-four hnndrtdths. The thermometer has averaged 82'4, ranging from
75 to 91.
Madison, Florida. There has been rain on three days of
the week, the rainfall reaching sixty hundredths of an inch.
The thermometer has ranged from 63 to 93, averaging 76.
Macon, Oeorgia, Telegram not received.
Saeannah, Oeorgia. We have had rain on six days of the
week, the rainfall rtaching two inches and eighty-seven hundredths. The thermometer has averaged 74, the highest being
88 and tbe lowest 69.
Augusta, Georgia, There have been good general raics on
four days of the week, the rainfall reaching one inch and
thirty-eight hundredths. The crop is developing finely and
the outlook is excellent. The thermometer has averaged 79,
—
—
—
—
3,000
9,000
l.OCO
92.
Columbus, Georgia.— It has rained on three days of the
week, the rainfall reaching ninety-eight hundredths of an
lach. Average thermometer 80, highest 86 and lowest 73.
t
41,000
32,000
,
zrs.ooo
121.000
BXPORTS TO EUBOPB rROM ALL INDli.
1887.
Shipments
ad Europe
to
from —
Bombay
All utUer porta.
Total
1836,
This
week.
This
week.
Jan.
10,000
12,000
967,000
255,000
SiTice
1.
22,001 1.222,000
189S
Since
Jan. 1.
This
week.
Jan.1.
902,000
121,000
15,000
600
663,000
120.S0O
8,000ll,023,0OU
I5.6O0I
783.500
7,000!
1,0J0|
Sinet
Albzandua Ueoeiftb akd SmPMBirrs.—Through arrangements we have made with Messrs, Da vies, Benachi Sc Co,, off
Livprp(Kil and Alexandria, we now receive a weekly cable off
the movements of cotton at Alexandria, Egypt, The foUowinip
are tbe receipts and shipments for the past week and for khv
oorreeponding
week
Alexanaria, JimPt,
July 6.
Becelpts (oantars")—
This week
Since Sept. 1
of the previoos
1886-87.
1884-85.
2.872;0O0
ThU
Since
week. Sept.
two years.
1885-86.
i.coo
2,912.000
ThU
—
—
3,000
9,000
3,00CW
totals for the week show that the movement from
the ports other than Bombay is 1 1,000 bales 7nore than the 8ame>
week last year. For the whole of India, therefore, the total
ibipments since January 1, 1887, and for the corresponding
periods of the two previous years, are as follows:
—
ranging from 69 to
Inch.
Mt'iiiplils.. ....... .... Atxtve
NnsliTllle...., ........ Above
BliruvoiHirt...
...Aljove
showery on four days of the week, the rainfall reachin'? one Calcutta—
1887
inch and twenty-four hundredth-'.
Tha thermometer hai
1886
averaaed 79'5, the highejt being 98 and the lowcst 65.
Madra»—
Heleiii, Arkansas, Rain has fallen on every day of the
lb87
week and there are prospect-" of more. The rainfall rtached
1886
two inchtfs and sixteen hundredth.". We are having too much AUotbers-.
1887
rain, crop< are getting grassy and growing too fast. Average
1886
thermometer 78, highest 88, lowest 66.
Memphis, Teniirssee. We have had seasonable showers on Total all1887
four days of the week, the rainfall reaching two inches and
1886
thirty hundredths.
Crop accounts are good. The thermometer ha"* averaged 76-7, tna highest bemg 87-9 and the lowThe above
—
July
7, '87.
Feet.
1937
ISBb
1885
1884
97.
—
Columbia, South Carolina
the
—
Clarksdale, Mississippi.—
have had rain on four days
of the week, the rainfall reachins: three inches and forty-two
hundredth-'. Average thermometer 77, highest 90 and lowest
—
6\f
Tear Breal Conii-
—
ti)
CLP.
—
—
70
I
week. Sept.
1.
8,613',0OO
ThU
Since
|
l.\
Exports (bales)—
To Continout
Total Enrope
•
A cantar is 98
1
«(*M»
week.] Sept.*.
1,«00 255.000
149,000
230,000
2,006 173,000
1,000
898J00O
zoofiom
1,000 404,000
2,000 403.000
1,000
498,000
Iba.
This statement she)ws th(it the re ceipts for the week ending
July 6 were 1,000 cantars, and he shi pments to aU Burop*
t
1,000 bales.
ManchestekMarket.— Our report received bv cable to-nigh*
states that the market is dull for both yarns
from Manchester
:
..
THE CHRONICLE.
60
home trade and
shirtings, and that the demand for both
give the pncM for W-aay
foreiKD markets continues poor.
and last
below, and leave those for previous weeks of this
and
We
year for comparison
:
1886.
1887.
8>4
32t Cop.
TwitC
"
d.
8.
d.
10 76,g_71»u » 8>9»6 10is
5 8>s76 10«j
17 7% «8
« 24 79b »8
July 1 7^8 ®9
"
08
8 (38
5
Siaseioij
5
8isi»6 10>s
6
8HJ96IOI9
8H
Mid. 32« Oop.
Twitt
Upldt
d.
d.
7i«
7^8
6
7'«
6
5'8 7>s
51»16 7I6
5'8
7'6
5'8
Eoli day
Jane 8
•"
Ibt.
Shirlingt.
d.
d.
OoWn
OoWn
U».
Mid,
Vpld»
Bhirtingt.
d.
d.
7
•7»B
®758
«7'>8
•7»8
»758
0768 6
d.
8.
5i«
5>9
518
5i«
5? 18
5*18
©6
06
«6
«6
»6
06
XLV.
[Vol.
1885-86.
1886-87.
1884-85.
1883-81.
1881-82.
1882-83.
Tot Jn. 30 .5,190,063 5,257,060 4,716,103 1,784,173 5,894,216 1,620,487
2,405
8.
104
1,915
1,216
Julyl..
379
B.
" 8.,
211
193
3,186
2,397
68
" 3..
1,733
2,287
260
683
S.
1,811
l,719l
1,236
" 4.,
69
1,121
135
B.
" 6.,
464
211
eoJ
B.
163
2,519
" 6.,
1,395
97
B.
2,949|
189
2,449
" 7.
255
1,006
1,626
2,353
1,500
396
" 8.
354
1,821
8.
1,168
*2,810
433
1
0,194,203 5,269,420 1,718,207 1,780,740 5,906,588 1,630,211
Percentage of total
98-76
98-12
98'79
98-12
97-64
portreo'pts July 8
Total
2,500 bales added as correction of receipts at Charleston since SepCotton Consumption and Oveeland Movement to July 1. tember 1.
movement,
overland
Below we present a synopsis of our
This statement shows that the receipts since Sept. 1 up to
wseipts, exports, spinners' takings, &c., for the month of to-night are now 75,217 bales less than they were to the same
day of the month in 1886 and 475,996 bales more than they were
Jtine and for the ten months of the season to July 1, for the
We add to the table
to the same day of the month in 1885.
years 1884 85, 1885-86, and 1886-87
the percentages of total port receipts which had been received
to July 8 in each of the years named.
1886-87. 1885-86. 1881-85
The Exports of Cotton from New York this week show an
17,910
40,157
22,587
tales.
'Otoss overland for June
increase compared with last week, the total reaching 15,483
942,719
1,264,016 1,198,359
dross overland (or 10 months
bales, against 6,903 bales last week. Below we give our usual
9,235
9,507
11,270
JSfet overland for Juno
table, showing the exports of cotton from New York, and the
*
—
:
783,062
17,648
months
June
2let overland for 10
i'ort receipts in
Port receipts in
5,190,063
39,911
1,243,558
lOmonths
Exports in June
Xlzportsln 10 months
Fort stocks on June 30
northern spinners' takings to July
Sonthem
277,199
816,558 605,566
14,239
84,715
5,257,060 1,716,103
111,280
228,058
1,097,109 3,777,621
362,323 305,752
spinners' takings to July 1....
378,000
1, 1885, and in the last column
of the previous year.
BXFOBTS OF COTTOII (BALES) FBOH NEW TOBE SINCE SEPT. 1, 1886.
same period
480-21
480-96
June
who
ward & StiUman, New York.
chipped
The
bale
it
to Messrs,
weighed
45'J
Wood-
pounds,
23.
16.
30.
Total
tince
period
previ'u§
year.
Sept. 1.
150
4,250 11,285 106,882'4l5,736
62,774 18,882
46
tOTALIOQT. BKlTAn»..
2,13d
3,130
4,296 11,285 469,656 491,618
Havre
OtherFrench ports
25
10,272' 41,744
25
40,272
1,174
2,229
3,096
151
1,963
1,461
5,476
3,506
1.372
1,209
82
2,681
800
57
8t'n,Op'rto,Qlbi'it'r,&o
and
claiEed low micdling. Last year the first bale of Georgia
cotton -was received at Savannah, August 7, but the first bale
TOTAL Spain, Ac
of the crop came from Texas and reached Cuero July
GsakdTotal
15.
July
2,980
cotton of the crop of 1887-88
«old to the Boaid of Trade,
June
1,071
1,064
—
New
June
Liverpool
OtherBritish ports
TOTAL Fbench
Gbohoia Coiton. The first bale of
was received at Albany,
Georgia, from Primus Jones of Baker County, on July 5. It Otherports
\?aB purtbated by Messrs. Coles, Simpkins & Co,, of Bruns«rick, forwarded to Biucswick on the same day, and there TOTAL TO No. EDKOPB..
Fiest Baie of
atw
Same
Weeke nding-Sxported to—
261,000
300,000
487-20
bales
each of the last four weeks; also the total exporta
the total for the
1,565,278 1,704,915 1,326,928
1....
Overland to Canada for 10 months (in39,564
26,378
41,987
clndedinnet overland)
4,165
19,243
3,601
Burnt North and South in 10 months
7,444
6,828
5,279
Stock at North'n interior markets July 1.
36,918
46,222
10,183
Came In sight during June
6,345,125 6,416,618 5,600,169
Amount of crop in sight July 1
Average weight of
direction, for
and directions since September
957
7,614
7.593
42,918
198
958
48,207
76,713
32,703
61,978
3,042
74, '147
7-2,478
4,198 199,667 167,169
15,801
20,063
11,695
18,635
36,414
30,330
6,902 15,483 745,959 735,025
The Fiest Bale of New Texas Cotton.—Our correspondThe Following abb the Oeoss Receipts of Cotton at
ent at Cuero, Texas, telegraphs us that the firiit bale of Texas
and Baltimore for the past
cotton of the new crop left that city on Wednesday, July 6, New York, Boston, Philadelphia
1886.
destined for Houston. The bale was of fine staple and quality week, and since September 1,
«nd was grown by Mrs. Hausmann, of Dewitt County. Last
Philadilph'a BALTIUOBI.
Boston.
Nkw York.
year the first new bale also came from Dewitt County and
Receipt*
Since
Diie
Since
riii»
xeached Oalveston July 16.
Since
Thie
Since
Thit
from—
Sept. 1.
week. Sept. 1. week. Sept. 1. week. Sept. 1.
Jute Butts, BAGaiNa, &c.—The market for bagging has
been moderately active in a jobbing way, and a fair amount N. Orleaaa.. 2.341 330,601
of stock is being taken. Prices are quoted generally at SJi Texas
179j 331,0X1
67,751
109
17,838
16,688
^5;gc. for 1^ lbs., 6Ji@6Jic. for 1% lbs., 6%®7o. for 3 lbs., Savannah.. 1,038 182.7J4
1,850
10,361
^H®'^iic. lor SI andaid grade, but a few sellers ask a shade Mobile
7,756
more money. Some trade in butts is reported on the basis B-lortda
7,861
118 111,818
80,019
lX@Zc. for paper grades and 2i^@2J^c. for bagging qualities. So. Carolina
7,018
COMPABATFVE PORT BSOBIFTS AND DAILY CEOP MOVEMENT.
—A comparison of the port movement by weeks is not
accurate,
aa the weeks in different years do not end on the same day of
the month, We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1886, and
previous years, has been aa follows.
m
Tear Beginning September
Monthly
Beceiplt.
Sept'mb'r
Ootol>er.
1886.
188S.
359,203
885,642
l,034,4.M0Jl ,055, 24
Sovemb'r 1,169,979 1L,0S3,552
Ceoemb'r 1,161,886 L,Ott9,92o
January
644,631
513.393
JTebniaiy,
404,'.<72
Jfaroh...
Ainll „ ..
258,332
89,186
47,126
17,648
tur
Jnne
414,656
283,645
202,866
133,11
84,715
1.
1881
1883.
1882.
1881.
345,445
343,81^;
326,656
980,584
,090,385
.122.161
,104,211
,016,09'.^
,059,853
,004,697
,112,53t
475,757
261,149
163,503
103,375
35,575
14,239
487,729
752,82';
385,93sl
595,59^
429,777
853,195
974,013
996.807
487,727
291,992
211,514
111,755
45,918
31,68^
482,77'2
257,0.99
284.519
185,523
78,504
117,595
113,573
68,679
,030,38<'
Total
5,190,063 5,257,060 4,716,103 4,784,473 5,894,216
4,620,187
Pero'toge of tot. port
receipts June 30..
97-11
98-74
98'64
97-91
87-88
statement shows that up to June 30 the receipts
at
were 66,997 bales less than in 18&.86 the
and
478,960 bales more than at the same time in 1884-85
Bv
'° J«°e 8" 'he daily receipts since that
2^if".h
nl*"*'',
time we shall
be able to reach an exact comparison
of the
®
inhia
^^thia year
movement
for the different years.
No. Carolina
Virginia.
181
51
81.243
148,580
606
98,799
North'n p'tB
TeDn..&c..
..
387
800
68,900
818.310
105,161
1,321
836
11,501
190
57,118
313
91.619
800
01,878
3,877
PoreiKn
This year.
8,939'l,83 3.670
2.153
495,447
586
124,321
622
880,685
Last Tear..
9,468l 1.310.871
T,151
451.508
To71
131,682
2,749
235,970
Shipping News.— The exports of cotton from the Dniced
States the past week, aa per latest mail returns, have reached
21,973 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
York we
With regard to
the Chboniole last Friday,
iaclude the manifests of all vessels cleared up to Thursday.
New
Total bales.
New Yobk—To
Liverpool, per steamers Adriatic, 1,0J5
British Queen, 1,556
Arabic. 1,407. ..Anrania, 751
EuKland, :i,75l....St. K mans, 2,516. ...Wisconsin, 1,-^09.. 11,285
Wcrra.
193
per
steamer
\9i
To Bremen,
Taormiua,
To Hamburg, per steamers Uammonta, 158
958
800
To
CiipenliaRen, per steamer Geleer, 1,200
To Reval, per
Bte.imtir Gothia, 1,S42
New Orleans— ro
Liverpool, per steamers Andean, 225. ...DisHarter, 1,2 iO.... Professor, 2,589
coverer, 2,406
1,200
1,842
6,490
21,973
Total
particulars of these shipments, arranged in our usual
form, are as follows
Total.
Liverpool. Brem.
Hamb. Oopenh. Metal.
11,'285
15.183
198
l,-.iOa
1,812
058
New York
The
N.
Orleans
6,190
6,190
198
958
1,200
1,812
21,973
Below we add the clearancee this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Totol
17,775
:
...
July
9,
—
.
THE CHRONICLE.
1887.J
Nbw Obi.«aii« -For Bromen—July 3—Sblp Maricarerhe, 8,647.
BoaTOR— For Uven>ool— June 29—Steamer PavouU,
BREADSTUFPS.
5—
....July
Steamer Roman,
Baltihorb— For Liverpool -July 3— Steamer Meaamnre,
PHiLAiiKi.ruu— For UvoriH)Ol-July S—8(eamer britlah Klnr,
61
FRir>AT, p. M., July 8, 1887.
.
Below we give
all
sels carrying cotton
nowH received to date of disasters
from United States ports, &o.
The
.
.
to ves-
ateamer.— During the week entlwl Juno 11, 83 baloa ot
oottou were aaved from the ateauier SAppliIre, aunk at Texul,
niaklug Id all 100 balea saved thia year.
Bi.i'riiinK (Br.),
Cotton freights the past week have been as follows
Mon.
aalur.
Do
»la'
««
">a
»ia
sJa'
»w'
»ti'
•Ii*
30*
30*
30*
30*
aall ......
Hamburg, ateam.e.
Do
ti
<
aall.... a.
Amat'd'm, ateam
1
e.
via Leltli d.
•u®is„
Baroelona,ateamd.
Qenoa.ateam....d.
Trieate, ateam... d.
Antwerp, ateam.d.
Per 100
»is"»"e4 «,8»i»e4 »ia»>».4
»16
»i«
»ia
7SS«'4
73a«>4
'64
—
June
Junii 17.
week
4,01M)
8.000
37,000
9,000
6,000
Aotnal export
Forwarded
Total Btook— Estimated
Of which Amnrlcan -Eatlm'd
Total import of the week...
Of wtiici) American.......
Amount
Of which American
July
8S4,(00
27.(100
50,000
5,000
130,000
7.000
6l'2,000
1.
July 8
48,000
57,000
2,t00'
I.OOU'
.5,000
1.000
41.000
39,000
8,0001
8,000-
8000
807,000
564,000
11,000
780.000
11,01 It
847,000
63S.000
11,000
19»,000
7,000
afloat
24.
29,000
4,000
2.000
22,000
10,000
5?,000
bales
Of wlik'li exporters took...
Of wliioh apiiciilators took .
Bales American
2,000
52*>.000
34,000
4,0o0
137.000
17,000
5,0001
130,0001
10,0001
Hon.
Sat.
8el>tember
ili'llvery
9
£
^
85<%
8038
90>i
9538
September delivery
4
Market,
12:30 P.M
Vpl'ds
M]d.OrI'ns.
lOd. Sales..
Good
Tins.
buainew.
5l6i«
In buyers' Irregular.
favor.
6i»ia
515,,
Sl'is
8,000
1,000
10,000
2,000
8,000
1,000
Market, i
12:30 P.M. ^
Btaadr.
Steady.
l-(Ma8-84
Market,
4p.ii.
Steadf.
8pee.Aexp.
Firiday.
Steady.
Firm.
8,000
1,000
ft
'a
10,000
1,000
10.000
1,500
Quiet.
Quiet.
Very
Easy.
JPuturt*.
I
Doll at
Doll.
Baty at
decline.
a dedine.
Easy.
Steady.
ateady.
{
highest, lowef<t and closing prices of futures at
brerpool for each day of the week are given below. These
{irioee are on the basis of Uplands, Low Middling clause, unlees
otherwise stated.
The opening,
663
The prieeM are giten <n penes
f
01 means 6 l-64d.
aid., and
Sat.,
July
and
64t?i$,
Men., Jnly 4.
-i.
Open'Btth Low. CUa. 0pm' High Low.
jBly
Joly-Aos...
d.
d.
5W
MM
5ca
Be»
seo
ieo
580
BSD
588
B8S
560
September. B«0
Anjt.-Sept..
B«pt..Oct. .
6 39
Oot.-Nuv...
Kov.-Deo.
BS»
sas
.
DecJan
Jaa.-Feb
...
. ,
5 25
d.
d.
d.
558 550
5 58
5 50
658
55S
568
558
668
5BS
568
588
528
624
(t.
5 58
560
560
538
529
SS6
5iS
SAO
680
538
529
5se
525
5 25 6 26 525
5 88
628
6M
684
624
d.
Jnly
Jnly-Ang
..
An8.-8ept.
6 68
..
d.
5 62
5 58
5 52
5 62
5 31
6 52
5 52
832
sat
588 588 598
580 5 18 580
518 518 5W 619
6 18 619 618 819
8ept.-Oot... 5 81
Oot.-NoT... 6 22
NoT.-Dec... 8 10
JaQ.-Feb.
d.
d.
558 538
558 558
658:558
558 558
588 iSS
628 528
5 24 584
5 24 524 624
5 24 524 524
Open HIth Low.
Clot.
8 62 5 68 668 652
668 568 6 68 552
September. 5 68
I>eo.-Jan
d.
Cio».
thut:
Open Bigh Low.
d.
<
556 6 56
5&t) 556
655 556
556 5 56
536 584
528 6 26
62S 5 28
ess 523
528 522
d.
d.
d.
d.
686
684
565
654
684
554
56S
654
564
554
638
584
683
681
681
554
533
5 84
5 98
684
688
628
680 5 81 6 20
620 681 680
d.
555
565
5 55
5 55
535
525
523
521
5 21
Clot.
d.
655
655
666
606
680
686
688
681
621
88 Hi
86<>8
85^9
86%
80«a
89%
90 >4
95 «8
90 >«
90''8
33%
31%
31%
33%
31%
31%
33%
31%
31%
80>e
33%
31%
31%
Rye has been dull and drooping. Barley malt
demand.
The following are the closing quotations :
is
in fair
Low.
d.
d.
668 653 658
56S 553 868
668 5 58 563
668 668 5 68
6 38 683 5 SI
688 688 8 31
680 680 818
618 619 518
619 618 618
Fine
» bbl. $2 20»$2 95 S iith'n oom. extras.. $3 35993 65
2 659 3 25 Smtbem Dakers'vna
Superfine
family br da.. «bbl 3 759 4 50
SprluK A neat extras. 3 159 3 45
Idiun 'ilear and stra't. 3 7d'9 4 40 Rye floor, anperane.. 2 759 2 90
2 209 2 35
Fine
Wl..t<-rihlpp'Keztras. 3 109 3 45
Winter XX 4 XXX.. 3 50» 4 50 C >rn meal—
Weatern, Ao
^ 2 409 3 70
Patents
4 30» 4 80
Braudywlne
2 709 3 76
Bouthern sapers...... 3 159 3 30
aBAIH.
Wheat aprmg.per bnab.
BprlnKNo.
Clot.
White
Corn -West, mixed
mix. So. 3.
West, white
West, yellow..,..
White Southern..
Tellow Bonthern.
ivest.
668
663
6 68
681
6 21
618
618
518
80
82
« 87
» 8J%
87%0 88%
82
82
44
45
47
45
50
46
O 90
88
46
45%
49
47
53
48
Rye—
State
<b
Pa.,
Oats— Mixed
9
9
61
38%9
42
bnsh. 57
33
White
No. 2 mixed
No. 2 white
9 36%
34% 9
;<a%
il9%9
40%
Barley— Canada
Two-rowed .StMte
9
SU-rowi.il Stiito
9
9 85
67 9 75
Canada
85 9 100
65 9 66
Peas— Oauada
The movement of breadstu&s to market is indicated in the
Bi-Atements below, prepared by us from the figures of the New
flrst give the receipts at Western
York Produce Exchange,
like and river ports, arranged so as to pr<?8Hnt the comparative movement for the week ending July 3, 1887, and since
July 24, for each of the last three years:
Malt—State, 6-ro*6d. 78
State, 2-rowed
We
Ittceiptt
ot-
flotur.
92,2*1
gam«wk.-85.
SInet Juiv 84
IS84-3
4,008
•
11,854
46,000
temewk.'8><.
uxB-a
0,554
836
Tot.wk.W.
l»»-7..
32345
. .
Paona.
..
Oom.
Oau.
5lirl<a.
Ry.
BuehMtbe
2.205
...
Wheat.
Sblt.imtlu Btuh.eo Of SutA,5ri Uu Biuh-aatbn AluA.4MllH
Ohloaao
MUwaakee...
Toledo
Dalatlu
d.
668
2.
Ked winter. Mo. 3
Red winter
Detroit
Olereland
at. Loola.
Frl.,JBly8.
Opm
566
661
584
554
6SS
684
588
8 54
d.
Clot.
d.
meant
9 63
Toes., Jnly S.
Th are.. Jnly r.
Wednea .July 6.
Open Bivh\Low.
d.
FH
rA«rt.
841*
84'e
PLoua.
5^8
5'8
S'S
85^
84%
88%
M
Holidays.
:
Saturday Monday. Tuesday. Wednet. Thursd'y.
ir«d.
SbH
84H
I
95%
95%
May, 1888, delivery
Indian corn hat been depressed by copious rains at the West,
which have greatly improved the proBpects for the growing
crop. The lower prices have not materially increased the
export demand, and yesterday No. 1 mixed had only a moderate sale at 45@45}i^c. in elevator and afloat. White com
declined, and prime sold at 49@ 50c. in elevator. To-dav the
market was a fraction dearer, with No. 2 mixed by canal sold
at 45^^ c, afloat.
DAILY OLOSIilO PBICBS Or NO. 3 XIXBD COSH.
Hon.
Wed,
Thurt.
Sat.
Tut*.
FH.
45
45%
44%
Jnly delivery
41%
46
Uolldays.
4«%
46%
IS^j
AUKiiBl deUvery
Heptember rtellvepy
47%
47%
47
47
43
Ociohor delivery
O'its have been variable and unsettled, with some irregularity, futures showing depression, although epot lots were in
good demand at full prices. To-day there was an advance of
\^@%c,, owing to the brisk regular trade, with stocks in few
hande.
OAILT OLOSIMO PRIOES OF NO. 2 OATS.
Hon. Tuet.
Wed. TAura.
nt.
Sal.
The tone of the Liverpool market for spots and futures each
day of the week ending July 8 and the daily closing prices Jnly delivery
Angust delivery
of spot cotton, have been as follows
Spot.
Tuet.
,
AuKnat delivery
Jannary, 1888. delivery..
By cable from Liverpool we have the following
tatement of the week's sales, stocks, Sec., at that iK>rt. We
dd previous weeks for comparison.
Bales of the
in wheat has been rather sluggish since tha
beginning of this month. To guard against a "corner," it bM
been decided by the officials of the Produce Exchange that
"No. 1 bard spring" wheat may be delivered on contract*.
The export demand has been very large, and yesterday
amounted to more than half a million bushels, including
No. 2 Chicago spring at 82}{@82^c., delivered; No. 1 Nortbeni
spring, 84c., delivered; No. 1 hard spring, 80)^086o., delivered,
and No. 3 red winter at 88^@88^o., delivered; and specnl*To-day holder*
lative values advanced on this movement,
were firmer, but the export demand was less active, thoagh
still good,
DAILY ouMnro paicES or ho. 2 bbd wiirrsa wrsat.
December delivery
»ia
Iba.
LiVMHPOOL,
checking trade.
The speculation
Jnly delivery
d.
aall
prices,
"ai»>i«
"aiii'i. »'S4'»»IS
Beval, ateam. ...d.
*
•ii'
•ia'
e.
Bremen, ateam. .e.
Do
1,t
...«.
aall
Do
Pri.
aall...d.
Havre, ateam
Do
Thurt.
Hi
Liverpool, ateam d.
Do
Wadnea.
Ttiet,
:
market has been dull and unchanged, but toward
the oloae ahows an improving tendency, in the volum* of
btuiness as well as in priow. To-day holders asked higher
flour
195,485
102.676
121,613
10.871,408
8.016.888
8.313,45^
88,031
122,715
29,308
37,874
44,783
813,803
8.!»0
103,738
771,186
639,833
781,886
86.038.257
56.431.338
8S,T»-.«J2
537,712
8.840
31,136
495,337,
10,818
4,781
40,760,
4.475
utao
6.104
^400
885
1,811
85.6311
8300
43.585
883,115
WJ.5TO
110,400
138.000
600
648
4,800
8J09
......
8.7S8
6,asi
1,769,410
947,917
701,648
848,617
87,187
80,881
80,180
SIJM
79,207,783
63,143,958
81.313,448
I,963,««
00,43>l,533
58.709J06
5S,561335
80,488,887
8,817,981
4.«87,7*i
988,804
1,517,004
»l,.'57»,mi:J
l«,«63,18S
The comparative shipments of flour and grain from the sams
from Jan. I to July 3, 1887, inclusive, for four rears
show as follows:
ports
.
.
,
THE CHRONICLE.
62
Flour.
.bblB.
Wheat
bush.
Corn
Oate
•1885.
6,240,953
*1884.
5,259,782
22,404,786
21,397,288
40.940, KSft
23,H2ft.770
4,413,3 15
52, 42,141
852,016
25,056,055
2,6:9.314
971,158
23,022.214
47,005,115
25,902,134
2,70 ),a74
3,146,705
92,436,852
102,0J6,019
101,812,512
1887.
6,378,619
•^880.
5,194,438
3.=S,648,1«7
31,45-,7:j5
22,779,860
•
3.4Ui.i)30
403,3'25
Barley
^e.f.
93,700,537
....
week extra.
Belov? are thy fail shipments from Western lake and river
porte for four years:
Include one
*
Week
Week
1885.
Week
Week
July 2.
84,450
July 3.
«1,24S
July 4.
113.014
July 575,1.M
1886.
18&7.
bbla.
Floar... ..
803,189
148,284
50i.0i6
15,4S3
14,067
71.459
194.566
546.524
8.045
19,225
1,543,109
839,819
bash.
_.
Wheat
Corn.
-
Oau
Barley
Bye...
Xotal
786,401
le,533
16,313
93.263
478,347
5iS,170
xo.ni.
15,874
3,590,422
1,147,871
870,'.'6l
1,898.911
The rail and lake shipments from same ports
weeks were:
Corn,
Wheat,
Flour,
Week
bush.
bbls.
0ndiu(f~
July 2,'87 197.893 2,574 018
4,6Gn,'S66
J'ue 18, '87 241.210 3.(l9S,9Ji
Jnell, '87 244,767 1,562,992
for last four
Barley,
bash.
15,433
l.'i.S 8
3-', 278
19,648
Oats,
bush.
hush.
1,344,356 633.528
1,107,027 592..=.62
8sl9,928
1,176.071
1,210,941 l,22,j,6J5
Jne25,'87 21'=.793
1881.
week ended July
bbls.
Boston.
Montreal
PhUadelpUa...
Baltimore
Blobmond
Bew Orleans...
12,307
87,977
22,205
5J,1.0
500
2.375
10,32i
552,913
493,313
The total receipts at the same ports for the period
1 to July 3, 1887, compare as follows for tour years:
Totalweek... 207,459 3,169,76 J
week '86.. 216,200 486,103
Obr.
7,05J,807
bbla.
Wheat
5J6,0,)2
16,807,376
49.316.376
18.579,253
2.39J,40J
2d7,0J2
83,357,810
87,360,500
37,532.283
bash.
26.8 (9.195
Corn
Data
16,212,812
2,207, 465
,
Barley....
Bye
Total grain....
2,150
35,010
13,5 J3
from Jan
*1885.
7,357,303
•1886.
0,163,709
18S;7.
Flour
989,637
1,1
'ISSl
6,350,510
18,328,610
2,1,631,576
15,038,035
2,408,128
2,813,333
91,61o,180
67,215,362
Include one weak extra.
several seaboard ports for the week
shown in the annexed statement:
The exports from the
ending July
Mipvt is
frm —
Few York
Boeton. ..
V. News..
Wluat.
Corn,
Bush.
Bush.
213,065
41,438
-21,399
1,430,547
23,068
81.605
101.097
322.639
390,661
Montrtsal.
Philadel.
Baltlm'ri
21 Orl'ng
Jforfolk..
are
3, 1837,
Flour.
Oats.
Bye.
Feat.
Bbls.
Bush.
Bush.
Bush
64.252
50,056
2,777
•-..
9,787
41,207
179
42.356
,.
478
16,455
7.020
w'h 2,365,975
39J,042
179,173
13,504
905,515
143,201
161,035
8 me time
1,630.341
..
3,717
1,321
13,811
85.713
25,397
46,981
8,779
We
The destination of the exports is as below.
oarreepondint; period of last year for comparison.
Flour,
87,071
add
me
Oom.
Wheat.
Exports
fortcetk
lo-
July
1887.
Week,
1S86.
Week,
18t7.
Week.
July
2.
3.
July
2.
Biuk.
97,099 1,139.803
Bbls.
OiLKIng
592 1,217,102
Oontln'nt
e.&C.Am
19,504
14,433
10,768
W. Indies
Brit.col'g
Oth.o'n'ta
1886.
Week.
July 3.
Bush.
924,259
706,082
9,070
1887.
Week.
July 2.
Bush.
243,474
106,193
29,301
10,761
800
179.473
Total.
By adding
143.201 2.365,975 1.630,311
this week's
movement
1886
Wf.ek,
July
3.
Btmh.
681.714
170,553
38,5i!3
13,325
1.313
"i',io6
390,042
905,515
to our previous totals yue
have the following statement of exports
this season
and
last
Ma^Oii:
Flour,
SxporU It—
July
tp
1887.
BMi.
OiLKInKdoni
Continent
. .
e.ACAm...
We»l
to
3,
July
188«.
Bbls.
Jo
2,
July
16S7.
Bush.
to
S,
1. '85,
July
18S6.
Sapl.
to
2,
1. '86,
July
188T.
Sept. 1, 'as.
to
3,
July
1888
Bwh.
Bush.
5,770.814
8.936,988
8J.834.859
17.836.747
38.252.711
453.287
937,865
142.643
31,504.632
11,809,483
16,423,718
;ii.8i:
45,412
15,101
1,029,463
758.273
8,(81
5,161
289.587
78.953
iQlias.
Brlt.Col'nlea
e»3,274
418,530
Oth. eonntr't
83.131
ToUl
Whrat.
Sept. 1,'86, Sept. 1. '86. Sept. 1, '8«, Sept.
i,
S.lWfl.fllO
486,M5
87,M»
B.OhO.Pl:
Boston
Toronto
Montreal
PhiladelpWa
Indianapolis".".";
gjiosas City
Baltimore
Minneapolis
Paal
13
Mississippi
9,976
21,002
101.961
263,608
11.003
82.600
50.000
60,000
179.253 1,732.»97
52,000
90,000
30.000
15.000
79.566
36,356
163,793
.340.201
]0,lsl
71,854
321,180
248.921
isisbo
22,500
247.104
3 4,540
310.125
87,531
9.616
28,0C0
3,752
36,906
18,865
54.000
121,694
22,663
19],277
66,204
3 10,972
17.500
3,858
14,000
900
35,822
4,249
16,306
8,000
5,813
24,684
11,335
14,335
2;69"2
359
5.392 056
350,000
252,200
...
2,381,193
& river
.
1,901,00
1,076.300
733,700
13,100
91,000
43,900
2.'S7. 34,413,127 10,1,9.67.) 2,780,933
Tot.
June 25.'87. 38,620,212 10,854,517 2.897,180
Tilt.
July
Tot.Iiily
3,'86. 28,19.'>,380
4.'86 1 27,370,024
Tot.July
5,'8H 13,405,141
Minneapolis and
St.
9,188,857 2,320.902
7.331,916 3,268,854
7,254,372 3,718,533
220,910
237,173
275,^08
221.247
515,186
13.^,42S
137.1!1B
212.681
115,936
84,46(>
Paul not included.
THE DRY GOODS TRADE
bush
1,650
381,000
94,652
12,038
33,876
11,700
696.510
to, 145
57,013
1,000
Bye
Barley,
bush.
Oats,
bush,
bush.
69,716 2,391050
60.700
4^.833
7.7,i8
2J 0,599
115,991
7.8 J5
70,0J4 320,029
1.224
1,450
30.170
7,818
afloat
Olnolnnati
f
Com,
Wheat,
bush.
Flour,
ewAt—
York
foUow:
3. I*i87,
6,288
1,379,779
Louia
Tot.July
6.000
13,230
;63,80J
4,019.531
Oswego
Onlaliea
Ou canal
91.000
899,655
829.000
12.937,750
...
Detroit
On
Inish.
6,850
bush.
673,783
165.700
30.500
234,000
3,723,037
Milwaukee
Do aSoat
Daluth
raledo
Do
bush.
1,2.00,310
afloat...
OUioaKO
Do aSoat
3t.
bush.
16,081
24.000
10,413
15,000
72,652
bush.
2.854.811
374,000
Buttalo
bush.
63.339
83,297
902,«93 11901,498 4,933,0.15 3,349,713
91,728
97,336
4w'ks'86. 8i2,c;57 4,2o3,17i 0,990,314 4,196,373
The receipts of flour and grain at the seaboard ports for the
1886.
Oo
8c.
Tot.,4w.
Tjt.
at—
store
!•»
Njw York
Rye,
14,067
13,304
17,419
18.599
XLV.
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
parts, and in transit by water, July 3, 1887 :
Wheat,
Oom,
Oats,
Bye,
Barleu
Albany.....
Total grain
[Vol.
'
13S.416
49,413
59,530
B7.543.4.'W
89,715.ii20
54.183.965
Kew Yobk, Friday, P. M., July 8, 1887.
There was a considerable influx of wholesale buyers froiaj
interior markets the past week and a slightly improved business was reported by commission houses and importers, but
transactions were only moderate in the aggregate amount.
The domestic oo nmission houses continued to charge up, and
make liberal shipments of staple [cotton goods, dress fabrics,
ginhams, prints, &c., on account of back orders, and in like
manner there was a Urge movement in hoiaery, knit underwear
and fancy knit woolens. The jobbing trade was for the
oBt
part quiet, as usual at this time of the year, but rather more
than an average p jckage business iu domestics, prints, flannels,
&c., was done by a few of the principal jobbers. The event of
the week was the failure of the commicsion house of John
Slade & Co., with reported liabilities of $775,000, nominal
assetsof $1,200,000, and preferences of about |JOO,003.
Ths
direct cause of the failure is attributed to the stti agency of the
money market.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending July 5 were 3,033 packages, valued at 1340,131.
These shipments include 835 to
South America, 77'! to Mexico, 666 to China, 409 to the West
Indies, 130 to Aden, 117 to Central America, 50 to British Eist
ladies, 35 to Europe, and 17 to all other countries.
Since the
1st of January the exports aggregate 103,530 packages, valued
Of this total China has had 56,393 packages,
at $6,136,934.
valued at $2,654,169; and 19,986 packages, valued at $1,433,668. have gone to South America.
For the similar period of
1886 the exports to all ports reached 114,057 packages and ia
1885 were 91,072 packages.
There was a somewhat freer
demand for staple cottons by jobbers and the manufacturing
trade and new business, coupled with deliveries on account
of back orders, reached a very fair aggregate.
Stocks of plain
and colored cottons are exceptionally small for tha time of
year, and prices remain firm all along the line.
Print cloths
were only in moderate demand, and prices ruled firm on tha
basis of 3'4j- for 64x64« and Ss. for 56x60.
Stocks last Saturday and for the three previous years were as follows :
m
July 2,
Stock of Print Cloths—
18b7.
Held by Providence mauul'rs. 149,000
Fall Kiver manufaotuiors... 224,000
Providence speculators
57,000
Outside speoulatora (est)
65,000
July 3,
1886.
66,000
65,000
123,000
20,000
July 5,
18s5.
July 5,
434,000
359,000
320,000
300,000
363,000
482,000
285.000
185,000
1884.
Totalstook (pieces)
495.000 274,000 1,423,000 1,315,000
prints were in fair demand at first hands, and a pretty
grod business was done in dress and staple ginghams, cotton
dress goods and cotton hosiery.
Domestic Woolen Goods.— The situation in the market for
clothing woolens has not materially changed, new business
having been light and unsatisfactory, while there was a steady
movement in some descriptions on account of previous transReally d<rsirable makes of cassimeres, suitings,
action?.
worsteds and overcoatings are steadily held by agents, but it
is a buyers' market for such goods as are not strictly up to the
Kentucky jeans and doeskins were in moderate
mark.
request, as were satinets, and prices remain unchanged.
Cloakings ruled quiet, but a fairly good business was done in
Jersey cloths and stockinettes. All-wool and worsted dress
goods were distributed in liberal Quantities on account of
Dark
—
..
JUI,Y
—
1
.
——
..
tMok orders, and a fair amount of new businen wa* reported
by axentg. Flanneli and blankets were more or lew quiet,
but therH wn'* a pretty Rood demand for shawU, akirt*, carpets, wool hosiery, heavy underwear and fancy knit wooluns
by paokaite
biiyt^rn.
FOREIQN DuY OOODS.— At
importel giols wai somewhat
hands the demand for
flrgt
irref^ular and upon the whole
sIuK^ifih. Lit;ht-weiRht clothins; wiX)lens, linen Roods, hosiery
and fabric gloves were more active in soma quartern, and thpre
was a li'/ht hand-to raou'h business in dreas goods, silks, vel-
yets, white go
,
THE CHRONICLK.
18S7.]
0,
.
The
embroideries, &o.
)d-i,
foreign Rojds wai by no
year.
ibbinR trade in
active, but fair for the time of
means
63 2
Reealpta of beadlnK Artlelaa or Demeatle Pro4n««.
The following
table, based upon daily report* made to th*
Produce Exchange, altowa the receipts of leading
articles of domeatic produce in New York from Jan. 1 to July
5 in 1837 and 1886
New York
:
Importatlona of Ury Good*.
g_ __^
of dry goods at this port for the w> k
1S87, and since Jan. 1, and the same facta for
The importations
ending July 7,
the corresponding periods are as follows:
Aabea
Beans
Breadntultii—
Flour, wbeat
Com
B
8:
I
•
:
:
•
.
I
et
:
e
.
o
1:
1
«
o>
etd
U JU
h
p- CO :;< lo
»- gt ri
(0
ta
00
!».
IP
p ;^_
io»> to>^c;i
MvJo^tO
bcali.
n
K
a©
aoKi-^o
ceo
wo
cn*^s.
Vi f'
t
'
<k
nr,
cfi
W—
(v»
—
ee
tc
-J
:c»o
-Its
10 -o
03 T.
<a
K-
i
^10
iMO
(**
E
ClM*-Mia
cr.
CD
•^
>
W-^O-QDSJ
*- 1^
w 10 a w
0: X w yi
W»M^;p«
H
X X 5:
§
xC
00
»-»
<o
u»
CO
!
tt>
CO
III!
Is
tcs.
CO )U
,f>.
X ox biow
» CO®
CO
Glass
Glassware
Glaiis plate.
Buttons
Coal, tons...
Cocoa, bags.
CofTce, bags.
Ootton.bales
O CO -1 -1 »
Cjo:x;a<:o:o
c*: CO C'- to
X
oo
^a -lOCOo:i&.*jwa3
Drugs, &o
Bark, Pent.
Bleu, itowd.
Cochineal.
Gaiubier .
Gun), Arab.
InOlgo
.
Hadaer, <jtc
OU, Olive..
Opium
17,355
19,022
19,4111*
iOi.l'',
281,357
si'.vo-;
2B,67'.
when not otherwise
specified.)
6,202
><,114
7,7l:0'
27,36(1'
4J,7(i6,
1,694
18,3s7
873
22,iOO
4.-,0
6,7 '0
pigs
Tea
21, Oil
6i;(
T))l>acco
.
Wines, &o.—
732, Chainp'gne
4,87>.
baskets .
2:16
25!)l
42,324
40,7..ti;
Wines
Wool,
1)ales.
8oda, gal...
Soda, ash..
9,798
35,99;
5,522
13,6J
f.'igurs
42.Ulbi Fancy goods
3,9141 Fi«h
13,2
11,373 Fruits, &0.—
2,094 l>«nioiis ..
Gunny cloth
Hair
Hemp, bales
Bides,
Ac—
Bristles
.
.
.
l,5i'3
20^,831.
180,291
1,974
Jewelry ,&oJewelfy ..
1,75^
Watobes
.
.
Molasses....
Metals, Jto—
Cutlery....
Har-lwarA.
3,58-,
Oranges
Nuts
. .
Raisins
2.002 Hides, undr.
3,. 14' Rice
49,32(J, Spices,
1)28,
I
Ac—
76,79,
1,CT8'
-0
4,c;02,418
43o,-i98
114,327
117.735
54,634
85,565
140,354
41,450
6,^,6S4
:
863
301
275,443
320,273
818,133
291,dHy
230,617
1,099 673
l,l9d,29s
855,»90
853,54"
b02,201
831. ^<2
431,^3i
8,215,161 10,51H,232
63,221
171,480
1.4.'S9,g90
61,795
75,608
92,53G
..
64 •'.8.17
Saltjiutre ...
173,u72
140,018
591,721
45,217
284,065
3'1 83
407.342
Pepper..
5,002 Woods
63,425 Cork.......
2,5?6
892,00.*i
..
i
Fuatlo
2,8^^
203,270
4,011.073
f50.763
57,659
79,«;3l
C;t>^8la
(linger..
1,2 •»
42,58;-
263,118
ralue.
.
l'j.l74
4e,b5
988
Linseed
5.9.2'
21,i9j
Hides, dr'sd
India rubber
Ivory
l,922,><li4
8t2 Reported by
1,1^84
S,3.'>!1
:i)
2,167,775
IO.6O1.
!
..
Flax
Furs
3,832,9-18
40,866
2.546
77,015
2,013,059
l,0;iH,4i3 l,I47,29i
Tin sll>6.,lbs 12,i!22,52 12,385,574
Paper Stook.
129,100
169,408
Soda, biH!b.
..
74,025
1,972
Spelter, lbs
Steel
Tin, boxes
1,791.913 Sugar, hhds
6,9iti
tcs., & bbls
Sugar, boxes
1,877 and bags
36,94
1886.
Ac-
Iron, pig...
" RR.bars
I.ea<l,
7,066
1,'^Ul
730
Sacs-
61^445
65,294
65,673
20,318
422,243
787,799
.bbl.s.
706.317
170.393
118,077
30,241
47,139
86,353
12,329
588
40,028
19.M70
419,483
767,527
669,219
619.253
233,782
613,.S7>)
Abbls.
slabs.
Stearine
pkcs.
Sugar
Sugar
Tallow
Tobacco
Tobacco
hhds.
pkgs.
bbls.
boxes
14,
319.483
2,940
•pkgs.
.pkgs.
-pkgs.
-pkgs.
pkOT.
140,87t»
30,083
35,947
86.385
9,282
976
1,476
38.690
60,426
30,0f5
A cases.
bhds.
1,460
38,729
70.910
45.016
109.745
80,3:9
9,iS.373
bbls.
bales.
table,
77,575
based upon Custom House retarns
New York
domestic produce from Jan.
1887.
2^,^^!t
2,391
2,408
8i>elter
shows the exports from
Vwcn
1886.
2,327
2,344
1
'bbls.
galls.
No,
pkgs.
The following
I
Metals,
.
13,530
471
ii55,fi60
Exports of Iieadlns Articles of Domestic Prodaee.
|C>.
Ohlua, dic-
£arthenw
bbU.
pkgs.
Bice
Whiskey
Wool
1,714
41,460
145,08
lf)2.5»0
kegs.
Ixigwood
..
Mi*1ni,rftnv
4(!7,uos
97,6:<7
279.043
2 !>.«13
1 to
of all leading articles of
July
in 1887
5,
Since Jan.
1887.
Ashes, pot«
Ashes, pearls
bbls.
bbls.
Beeswax
Chlna
52.788
1.130
48,074
Mi-'tOW.U
1
Btven In paokafroa
1887.
19,923
to to -4
Imports of liCadiuK Articles.
The following table, compiled from Custom House returns,
shows the foreign imports of leading articles at tills port from
9 anuary 1 to July 1, in 1887 and 1886:
fThe quantity
M,791
0^10 00
cn^--
0^3
ceo
»
^
M-)
^^a
27,.<h9
1.364,084
125,979
H
^rf^
»0
QC OD
XC 1^
z
* >0 —
ODIO
CD
M
o
^ *-o w X y» « to
^O
K^
tC to <!;}•»'
^ KCD X C X ^ -^
OD
xoiucc:jt
o>
•
Hogs, dressed
n
u to O
M J :^
lard
whale.......
EgKf
Lard
Lard
tCtO^Mw*
t-t
-»
v>to<w
•^0^<l-'
!
CO 'J - 1 to »1
M--I
l^ti
ffl
J. K>
cr iCki:^
"lOC'-w'^lo
68. HIS
368.397
26.90O
61,278
12,681
1,066,770
bbls.
.„
Cutmeats..
Butter
Cheese....
X
P;)^;cto
'
C5
»^ M W
a
Vi'cncr
3,762.867
313,86S
668,«3S
218,132
Pork
Beef
-l*l«»0-3
to 00
to 10
.bales,
.bales.
..aides,
Peanuts
Provisions—
COX?J<»^
]
I
,T.
WM^wCo
OC X C X -*
i* ^-
CO&J
10
o
M *1
c.«:0
— X!'^^
W
or X O "O to
o;o--*--l
tOM
^J
Xii'MSlrO
-O
(BIO
^ *J
;:!^;
Pitch
-4 ro
n
^MKWW
Otl»
K
M M
to a tc c u
g)
M
0=3
na.
t 5
01
t
tr
o
n
s
tOQ0|»>«»
(Bvl
-J.
^
CO
V
jt>
e,fl0i,303
167,286
4^1,042
56,687
2*7,»7S
08,719
72,731
47,607
Molasses
..bbls.
Naval Stores
Tun>entlne, crude ..............bbls.
Turpentine, spirits
bbls.
RosTn
bbls.
Oil,
Oil,
n
CE-I^UCO
Oil
V
Ol
c,
!(*
—
.-^
18,0<I4.4>)8
8,831.3.^9
..bags
Tar
"toV^'^to
2.414.934
170.432
10.662,348
103.722
16A,().I8
.bales.
..bbUi.
oil.
Oil oiike
,*.='
^
C
»
»»
*-®
^5
tOtO^JXt-'
s
''^
8,140.887
20,740,063
33»,178
8.518,242
8.940,222
,.ba*b.
..boih.
Hides
Hides
ce-^cc^oto
M« WXi^QCtO
o
^
C^
§
—
R
H
*
(B
Br
:
<
«a
1.314
&1,910
Lead
Moloues
>•
H
COtD
:
S
&3^
?
^ xu
73,664
bush.
I^eathor
o- ^o•J^l«:^^
W X WJ< ^
ccg?
!
<
OVX^OD
M
1,310
bbU.
busb.
Hops
wototo»
|<-C
05X
- r
^
crU
1^ -^i^
r
u^:Mtcce
n
Cotton
Cotton seed
Flaxsee<l
Grass seed
iii^il
1
<1M
<-
§-4
woo
n
:
liiiiT
si
^ ro IC CO w1
I
o
*
iilT
c» QD
!=iE
bbl«.
bbU.
bush.
Wheat
Rye
Com
51
o
a
S
Bam* ttmt
prtvloua yemr.
bbls.
meal
Oats
Barlny
Peas
£5
5?
Bine* Jan. 1
18S7.
j
lbs.
1,
647
SO
30,169
Breadstuffs—
Flour, wheat
Flour, rye
bbls.
bbls.
bbls.
Corn meal
Wheat
Bye
bush.
bush.
bush.
bush.
bush.
bush.
pkgs.
Oats
Barley
Peas
Com
Candles
Coal
Cotton
Domestics
tons.
bales.
-Pkgs.
Hay
bales.
bales.
Hops
Naval Stores—
Cnt de turpentine
bbls.
bbls.
bbls.
bbls.
bbls.
Spirits turpentine
Roitln
Jar
Pitch
Oilcake
Oils-
owt.
Whale
Sperm
gals.
gaU.
Litrd
....gals.
gals.
gals.
Linxecd
Petroleum
2,572,688
1,;.51
165,038
24,32^,162
28 ,323
8I,«0S
56,124
133,094
7,030,757
26,966
21.947
314.399
104,692
38.924
1,342
1
Cutiueata
Butter
Cheese
Lard
Bice
Tallow
Tobacco, leaf
Tobaooo
bbls.
bbls.
tieroea.
lbs.
lbs.
Iba.
:
lbs.
bbta.
lbs.
hhds.
bales
Tobaoco,manuf aotured
Whalebone
and oases.
lbs.
lbs.
1886.
Same lime
previotu year.
414
106
13,538
1,397,504
1.095
ei.riso
15,2i2.125
811.264
573.151
4.676
10i.S20
13,899,783
24,503
37.652
423.763
113.840
61,023
16,122
295
142
12.817
92.510
4.f03
2.611
1,060,955
9,316
81,287
4,18»
2.122
1,227,98
9.415
90.853
276,923
35,770
131,871,953
113.484
47.373
363.673
25,763
191,67.S06l
95,181
95015
Provisions
Pork
Boer
Beef
and
S2.t*48
20,942
126.20 ;,817
3,750.033
23.518.241
88,397.821
9.116
17,461.383
2X.287
28.261
4,146,889
83,249
26.412
22.103
135.028. tOtf
6.05.^.944
3.«,035.3»1
118,60.5.301
8.630
12,828.992
3(1,113
26.182
4,379.915
103,682
THE CHRONICLK
64
aM
fitauajftiati
'gavtiQU faufes
awjft
Sauluevs.
CANADIAIV.
FOREION.
Bank of Montreal.
TH£
•APITAI.,
aVBPIiVS,
-
-
-
-
913,000,000 Gold.
- (6,000,000 Gold.
^inaticial.
The United
Railway Share Trust Co.
BHTTHEBS, President.
W. J. BUCHAl^AN, General Manager.
No. 4
(ORQANIZBD IN
BANK BOILDINeS
LONDON, ENGLAND.
WSW JOSK OFFIOS:
& 61 WAI.I. STREET,
States Life
Insurance Co.
THE CITY OF NEIV YORK.
IN
(LIMITBD).
O, F.
&
268
»{ 1,
1880.)
263 Broadway,
G. H.
0. P.
BCRFORD,
New York
President,
m^uioH, Sec.
Wm.
Hos. 69
XLV,
[Voi»
A.WHni,wiuaHT,Ass>t8ee.
Standxn, Actuary.
T.
All the profits belong to the Pohcy.holders exoloslvely.
Capital Paid Up, C9T1,860 SterUns.
Bur and Bell Sterling Exchange, Francs and Cable
Cnuuf en grant Commercial and Travelera' Credlta
;
STkUaMe In anj part of the World Issae drafts on,
Bd make Collectlona In, Chicago and thronghoat the
;
Dominion of Canada.
liOndonlOfllee* No. 33
Abcbnrcb liane.
This Company luidertakea the bnslneu of Trustee
te
Loans of approved Railways, negotiates and
Issnes
CAPITAL
(paid up),
or Registration of Stocks in London, or otherwise.
Cable Address—Patt,
$560,000
SVBPI.CS,
B. B. HOWIiAND, Prea't.
HEAD
OFFICE, TORONTO.
Toronto.
do Yonge Bt.Br.
Catharines. Welland.
Oalt.
St.
St.
Thomas.
BRANCHES
Woodstock.
NORTHWEST.
IN
Calgary.
Brandon,
Agents^
Winnipeg.
& Co.,
ENGLAND.
Blake, Boissevain
BRANCHES IN ONTARIO.
Niagara Falls.
Fort Colborne.
Lohdoh.
WILKIK, Cashier.
D. B.
Ihsez Centre.
rargns.
Bgersoll.
payments of Interest on Loans, Dividends on
»1, 600,000
-
-
Loans on the London Market, acts as Agent for
Railways and other Corporations, either In the matter of
Imperial Bank of Canada
L,oM|"n^t^^°6o,J
ftDQuet B BanK, llmitea,
Promptest attention paid to collections parable In
AT part of Canada.
ApproTed Canadian business paper disconnted at
tlie Head Office on reasonable terms, and proceeds
remitted by draft on New York.
Dealers In American Cur*y and Sterling Exchange.
l
LONDOIV,
mission, and transact a general
Commission Business.
Special attention given
to
the
orders for Securities on the
OF CAKADA.
$5,799,200 Paid Up.
$1,700,000
President, ANDRBW ALLAN, Esq.
Vloe-Presldent, ROBERT ANDERSON, Esq.
Capital,
•
•
Beserre,
The Neir York Agency buys and
sells Sterling
York, Lon-
don and Amsterdam Exchanges, In correspondence with
&, CO.,
York,
38 State Street. Boston, mass,
AND
18
WaU
Street,
New
ADOEPH BOISSETAUV
&.
CO.
Amsterdam, Holland.
Heinemann
JOHN
B.
HARRIS,
»
JB,^
or
No. 63
Bnj and
WALL STREET.
sell Sterling
demand
Exchange and Cable Trans-
drafts on Scotland and Ireland,
ttn.
alio on Canada, British Columbia and San Francisco,
NOTKf* Issued In Founds Sterling
arallable in all parts of the world,
OlAL. L'HEl>iTt« I^SiUEU for use In Europe,
China, Japan, East and West Indies and the Bracfls,
SlTer Plate, Ac,
BlUi oollMted and other banking business trans-
Issue
CIRCH.AK
COAIMER-
D. A.
MCTAVISH, (^genti.
! .,„„,.
H.8TIKEMAN.
EQUITABLE LIFE
ASSUEANCK SOCIETY.
In SuEPLus (namely the excess
of accumulated funds over liabilities), in Peemium Income, in the
amount of Assueance in Foece, the
Equitable Life Assurance Society exceeds every other life assurance comf)any, and may be regarded as the
argest and strongest organization oi
its kind in the world.
January 1, 1887
on 4 per ct. basis
Surplus on 4 per ct basis.
Liabilities
Assurance
Bank
demand drafts.
Negotiate Railway, State and City Loans.
The Bank of Australasia.
(Incorporated by Royal Charter, 1835,)
4 Tnreadueedle Street, London.
......
.......
Paid-up Capital,
£1,600,000
Reserve Fund,
800,(XX)
Reserve Liability of Proprietors
under the Charter . - . - 1,600,000
Letters of Credit ana Drafts Issned on any of the
numerous branches of the Bank throughout Aus-
-
•
$6,000,000
1,600,000
- 400,000
Transaet a general banking bnslnau.
IsneCom.
Mrdal credlie and Bills of Exchange, aTallable
In all
MTte of the
^ttMks,
eto.,
world. Collections and orders for Bonds
execsted upon the most favorable terms'
KHED'K F. LOW,
(„
IQNATZ 8TKINlJART,l"*°»«8"'
J^J^-LILEHTHAL,
Casbler.
.
$111,540,203.06
$411,779,098.00
Company
POETLAND, MAINE.
JOHN E. DE WITT, Frealdent.
its
1849.
Agents for cironlar,
Tbe nialme Non-Forfeiture Ijavr.
LOSSES PAID PROMPTLY AND WITHOUT
DISCOUNT.
The Company Is strong, reliable and popular; and
Issues a variety of policies suited to the different
circumstances of insurers.
Telekraphic transfers made.
Deposits received in London at Interest for axed
on terms which may be ascertained on ap.
pUcatlon.
PBIDEAUX 8ELBY. secretary.
^ttMtcati0iis.
creuit for ijse of Travelers, and negotiate or collect
Bl Is payable at Bombay, Calcutta, Singapore,
Balgon, Manila, Ilong Kong, Foochow, Amoy,
Ningpp, Shanghai, Hankow, Yokohama, Ulogo, Ban
-.
>
liYanclsco
and London,
READY
Shanghai
Paid-up Capital
17,500,000
Reserve Fund
4.500,000
Reserve Liability of Proprietors
7,600,000
The Corporation grant Drafts, Issue Letters of
Antborlsed Capital,
Paid-up Capltml, •
Bcaerve Fnnd, - •
$16,355,875.76
tralia and New Zealand.
Bills negotiated or sent for collection.
THB
BOSTON Correspond'ts.MassaohasettsN. Bk.
. .
. .
. .
ORGANIZED
Anglo- Californian Bank
•AN FRANCISCO OlHce, 422 Califomla 8t.
VEDV YORK Correspondents,
J. A W. SeUgman ii Co.
.
Life Insurance
Write to the Company or
BANKING COBPORATION.
I.ONDON, Head Olfloe, 3 Anf;el Court.
$75,510,472.78
$59,164,597.00
explaining
Hong Kong &
(LIMITED).
. .
UNION MUTUAL
periods,
FOREION.
in 1886.
^tstauding Assurance.
of England rate, and
one per cent below that rate snUeot to
sight drafts, at
North America,
THB
New
chase and sale of Bonds, Shares, &o., Ac. on
the Stock Exchange.
Interest allowed on Deports, subject to 60-days
Bank
British
GOOD AGENTS, desiring to represent the Com
pany, re invited to address J. 8. GAFFNET, Super
IntSDdent of Agencies, at Home Office.
Aflseta,
Co.,
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur-
AmmU
AgenU.
AQ£NOT OF THE
all others, the Insurance remaining In full fores
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and success of this company.
Solicit accounts and agencies of Banks, Railways
Street.
J
&
LONDON.
;
No. 61 Wall
•w York Asencjr,
HENRY HAGUE.
One month's grace allowed In the payment of
Premiums on Tontine Policies, and ten days' grace
on
62 Gresham House, E; C*
Ex-
change, Cable Transfers, Issues credits available In
all parte of the norld makes collectlona in Canada
and elsewhere and issues drafts payable at any of
the ofiBces of the bank in Canada. Every deeorlptlon of foreign banking business undertaken.
tine.
execution of
BEAD
OFFICE, niONTREAI..
GEORGE HAGUE, General Manager.
W. N. ANDERSON, Branch Superintendent.
BANKERS
IX>m>ON, ENO.— The Clydesdale Bank (Limited.)
IIBW TORK-The Bank of New York, N. B. A.
This Company issues all forms of Insurance, In.
eluding Tontine and Limited (Non-Forfeiting) Ton-
Banking and
New
Company are nniispcT-
years.
All Death Claims paid withoxjt disooumt as soon
as satisfactory proofs have been received.
Negotiate Railway, State and City loans.
Execute orders for Bonds, Shares, etc., on Com
BEAKE BROTHERS
Merchants' Bank
All Policies issued by this
ASLa after three
J17LY
12.
h^\.]vi>-book:
OF
Railroad
Securities.
,
A. M. TOWN.SEND, Asent, SO Wall Street.
JOSEPH GILLOTTS
STEEL PENS
COLD MEDAL
PARIS EXPOSITION-iara.
the: MOST PERFECT OF PENS
JIJL.Y, 1887.
Price in
Bed
Leatlier Covers,
To Subscribers of
WILLIAM
lOa
tlie
B.
-
•
$1 00
Chronicle,
DANA
&.
CO.,
WILLIAM STREET, NEW TORE.
75
@FedFRASER