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HUNT’S
MERCHANTS’
1^
§ iiw s ip a jjiï,
REPRESENTING THE IN D U STR IA L
V O L 44.
A N D COMMERCIAL INTERE3T3 OP
N E W Y O R K , JO N E
^ iu a ttJ C ia L
78 TO 86 TRINITY PLACE,
^
NEW YORK.
?
/ Baalnea* Founded 1795.
h n rp orated under Law« o f State of Now Turk. I M S .
Reorganized 1879.
E ngravers and P rinters
of
B O N D 8, P O STACE & REVENUE 8 TA M P 8 ,
L E G A L T E N D E R A N D N A T IO N A L B A N K
. N O T E 8 o f th e U N I T E D S T A T E S ; an d for
Fo re ign G overnm e nts«
ENGRAVING AND PRINTING,
Ba n k n o t e s , s h a r e c e r t if ic a t e s , b o n d s
F o r g o v e r n m e n t s a n d c o r p o r a t io n s ,
DRAFTS, CHECKS, BILLS OF EXCHANGE,
STAM PS, A c., In the flneat and moat urtlstlc style
FROM STEEL PLA TES,
t n u SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
,
Special paper* manufactured exclusively for
■we o f the Company.
8 A F E TY COLORS.
S A FETY
PAPERS.
M averick N ational Bank
BOSTON, MASS.
.
>
.
.
-
•
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Accounts o f Banks, Bankers and Corporations
solicited.
Our facilities for COLLECTIONS are excellent
end we re-discount for banks when balances war
rant It.
Boston Is a reserve city, and balances with ns from
banks (not located In other reserve cities) count as a
reserve.
■ We draw our own exchange on London and the
■Continent, and make Cable transfers and place
| “ ° n° y by telegraph throughout the United States
■ and Canada.
■ Government Bonds bought and sold, and exchar
■ B Washington made for banks without extra cha
| W e have a market for prime flrst-class Investm
■securities, and invite proposals from States, Co
H ies and Cities, when issuing bonds.
I We do a general banking business, and invite <
■respondence.
1
A S A P , P O T T E R , P re s id e n t.
JO S. W . W O R K , Ca s h ie r .
J ~ W . P . W igh t &
C o .,
72 B r o a d w a y ,
lo .
STOCK B R O K E R S .
w ld ’ t o Ä f S i ? ?
X
^ ¿ b .-N .Æ k K x c h .
r
U Securities bought
i : I:
STOCK B R O K E R .
H
I
Lansdale Boardman,
r EW
80 BBOADW AY A 5 NEW 8T.
T R O Y , N .Y ., No. 1 7 F IR S T S T R E E T .
Digitized Hfor
XCh
Private wire; all facilities.
FRASER
D a n ie l m a n n in g .
_ „
.
President.
,C. N. J o r d a n ,
Vioe-Pres’t.
F. B l a n k e n b o r n ,
_ . „
Cashier.
H. A . Sm it h ,
Assistant Cashier
TH E
IM PORTERS,
182 Broadway, Cor. JoIir Street.
T .H E 1
'O .F
C IT Y OF IVEW Y O R K .
C A P I T A L ,......................................
S O L ID
GORHAM
S IL V E R .
M ’i ’g
C o .,
Broadway and Nineteenth Street,
AND 9 MAIDEN LANE.
LITHOGRAPHIC AND TYPE PRINTING.
C A P IT A L ,
SURPLU S,
NO. 1,146,
Alfred H . Smith & C o ., Western N ational Bank
a y t ic k e t s o f im p r o v e d s t y l e s .
Skew Cards, Labels, Calendars.
BLANK BOOKS O F EVERY DESCRIPTION
JAMES MACDONOUGH, President
A. D. SHEPARD,
)
W. M. SM ILLIE,
> Vice-Presidents.
> TOURO ROBERTSON, )
THEO. H. FREELAND, Sec’y and Treas.
STATES
f i n a n c i a l .
D I A M O N D S .
W ork Executed In F ireproof Buildings.
Ra i l w
THE UNITED
1L, 1887.
f i n a n c i a l .
A M E R IC A N
Bank N ote Company,
'
M AGAZINE,
$ 3 .3 0 0 ,0 0 0
Ne w Y o r k , May u , 1887.
This Bank is now opened fo r business. Accounts
respectfully solicited. The usual banking facilities
extended to customers.
Orders fo r purchase or sale o f securities will
receive careful attention.
Sterling Exchange bought and sold. Facilities fo r
keeping aocounts in Sterling Exchange, subject to
draft in kind, will be afforded. The methods o f re
ceiving such deposits and making payment against
them will be subject to arrangement.
F . B L A N K B N H O R N , C a sh ie r .
Floyd-Jones & Robison,
B A N K E R S AND B R O K E R S ,
N o . a E x c h a n g e C o u r t, N e w Y o r k .
StA-ks, Bonds_ *nd U. 8. Government Securities
Bought and Sold on Commission«
Wm .
W il l ia m R obison
Members N ew Y ork B+ock Exchange.
J. A . K ohn &
C o .,
Ch a s . J. T ow n sen d ,
L a n s in g 0 . W a s h b u r n *
Member N.Y. Stock Exchange.
J n o . P . T o w n sen d , Speoial Partner.
Tow nsend & Washburn,
BANKERS AND BROKERS,
N o . 6 W a l l S treet, N e w Y o r k .
Stocks and Bonds Bought and Sold on Commission,
for cash or on margin.
Speoial attention given to Unlisted Securities.
Deposits receivsd, subject to Check at Sight,
Correspondence solicited.
B A N K E R S AND B R O K E R S ,
B u il d in g ), 19 B R O A D S T ., N . Y .
(M il l s
Members o f the New York 8tock Exchange.
a n ^ r l i g n E x c h a n ^ e . 1881011* * B o ,,d * ' 8tO 0k*
D e a le r s In firu t-cla su I n v e s tm e n t S e c u r it ie s ,
attention given to investments fo r Cap
italists, Trust Funds and Institutions.
W illiam T . M eredith,
48
W A L L
S T R E E T ,
(Bank o f New York Building).
Bonds and Stocks bought and sold at the New
York 8took Exchange.
BOND8 AND INVESTMENT SECURITIES FOR
SALE
F . E . Trow bridge,
B AN KER AND BROKER,
N oe. 3 4c 5 B r o a d o r 2 9 W a l l S treeta .
(B r a n c h
o f f ic e ,
290 B r o a d w a y .)
Member o f the New York Stock Exchange. Di
rector o f Merchants’ Exchange National Bank
American Savings Bank, Amerloan Safe Deposit
Company, &c., Ac.
Securities bought and sold on commission, fo r
cash or on margin. All Inquiries gratuitously res*
ponded to. Correspondence solicited.
Henry S. Ives & C o .,
E . H . Harriman & C o
W m . m . H a r r im a n ,
)
N ic h o l a s F is h ,
!
E d w o i i , H a r r im a n , Special,)
BANKERS,
No.
2$
N ASSAU
S T ., N E W
YORK,
BANKERS AND .BROKERS,
P . 0 . BOX 1,422.
E Q U IT A B L E B U IL D IN G ,
120 B r o a d w a y .
Transact a general banking business. Including the
purchase and sale o f securities listed at the New
York Stock Exchange, or In the open market.
*
Receive deposits subject to check at sight and
J am es T . C losson .
J o h n B.D umont
allow Interest on dally balances.
H em an Cl a r k , Special Partner.
Closson & D um ont,
BANKERS AND BROKE RS,
N o . 4 0 W a l l S tr e e t , N e w Y o r k .
Government, State, County, City and Railroad
Bond* eoustantly on hand for sale or exchange, and
particular attention given to the subject o f Invest.
meats for Institutions and trust funds.______________
A ll stocks and securities dealt la at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and interest BANKERS AND COMMISSION MERCHANTS,
allowed on balances.
1
2 l i t o i u a j j C o u r t , Afo.v tC r A "
R . T . Wilson &
C o .,
T H E C H R O N IC LE .
n
[VOL. XLIY,
gatifcjtxs and gratotrs of ^oxtiQU %xtimuQt.
Drexel, M organ & 6 0 ., A u gu st Belmont & C o .,
BAN KERS,
WALL S T R E E T , C O R N E R O F B R O A D ,
NEW
YORK.
Drexel,Harjes & Co
Drexel & Co.,
C or.'of Oth A Chestnut Sts. 31 Boulevard Haussmann,
P A R I 8.
P H IL A D E L P H IA
D 0 M E 8 1 1 0 A N D F O R E IG N B A N K E R S .
Deposits received subject to Draft. Securities
ousnt and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers,
available In all parts o f the world.
or
lle is r S i J , 8. M O R G A N Sc CO.«
Attorneys
MO. 2 2
OLD
Brown
STREET,
LON D ON .
Kidder, Peabody & C o .,
FOREIGN BANKERS,
1 Nassau Street, New York,
118 Devonshire Street, Boston.
Brothers & C o .,
P h ila d e lp h ia ,
N ew Y o r k ,
AND
B oston ,
ATTORN EYS A N D AGENTS OP
Messrs. BARING BROS. & CO., London
A L E X A N D E R B R O W N Sc SONS,
C O M M E R C IA L
C R E D IT S .
BALTIM ORE.
C ir c u la r C red its fo r T r a v e le r s .
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
Execute orders for all Investment securities. Buy
Ga b l e T r a n s f e r s a n d H il l s o f E x c h a n g e on
and sell Bills o f Exchange on Great Britain and
Ireland, France, Germany, Belgium, Holland,
G r e a t B r it a in a n d t h e Co n t in e n t .
Switzerland, Norway, Denmark, Sweden,
Australia, St. Thomas, St. Croix and
British W est Indies.
I m u c C o m m e r c ia l Sc T r a v e le r * ’ C red it*
B A N K E R S,
I N STERLING,
Available In any part o f the world, In FRANCS for
No. 23 B R O A D S T R E E T ,
use In Martinique and Guadaloupe, and in dollars for
N ew Y o rk .
nse In this country, Canada, Mexico and W est Indies.
Make telegraphic transfers o f money between this
country, Europe and British and Danish W est In Issue Letters of Credit for Travelers
dies. Make collections o f drafts drawn abroad on all
On SELIGMAN BROTHERS, London.
points in the United States and Canada, and o f
SELIGMAN FRERES & CIE, Paria.
drafts drawn in the United States on foreign coun
SELIGMAN & STETTHEIMER, Frankfurt.
ALSBERG, GOLDBERG A CO., Amsterdam.
tries.
A LTM A N à STETTHEIMER, Berlin,
Their London house, Messrs, BROWN, SHIPLEY
A CO., receive accounts o f American banks, firms Payable In any part o f Europe, Asia, A frica, Aus
and Individuals upon favorable terms.
tralia and America.
Draw Bills o f Exchange and make Telegraphic
Transfers o f Money on Europe and California. .
J. & W . Seligman & C o.
J. & J. Stuart & C o .,
88 N A S S A U
**
STREET.
b il l s of e x c h a n g e on
H I T H , P A Y N E Sc S M I T H ’ S ,
(M A N C H E S T E R
Sc C O U N T Y
“ LIMITED,’*,
*
RANK,
MANCHESTER, P A Y A R L B IN LONDON;
ULSTER
B A N K IN G
COM PANY,
BELFAST, IRELANDS
AND ON THE
N A T IO N A L
BANK
OF
SCOTLAND,
EDINBURGH AND BRANCHES;
ALSO,
CARLE TRANSFERS AND LETTERS OF CREDIT.
ALEXANDER BARING.
Member N. Y. Stock E xch’ge
J. K e n n e d y T o d .
H . O. N orth co ts .
J. K ennedy T o d & C o .,
N o.
BANKERS, LONDON,
63
W IL L IA M S T R E E T ,
BAN KERS.
A ct as Agents fo r Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers’ letters o f credit in pounds sterling A dollars.
M
unroe
&
Bay and sell bonds, stocks and securities In all Am
erican, Canadian, British and Dutch markets on com
mission. Collect dividends, ooupons and foreign and
inland Drafts.
Sell Bills o f Exchange on
f f i VHI f f l l ? j r i o ^ , C O - } l ’ O N D O N .
C o .,
John
n o . 8 2 N a ssa u S treet, N e w Y o r k .
Paton &
C o .,
SUCCESSORS T O
No* 4 P o e t Office S q u a re , B o s t o n .
JESUP, P A T O N & CO.,
Isane Circular Letters o f Credit for Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty o f Re-payment.
62
W illia m
S treet, N e w Y o r k .
Accounts and A gency o f Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
A ct as agents for corporations in paying ooupons
Cr e d it s Op e n e d a n d p a y m e n t s m a d e b y c a b l e . and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
P a r is H o u s e —M U N R O E Sc CO.
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
TH E UNION BAN K OF LONDON,
BAN KERS,
BRITISH LINEN CO. BANK, uONDON AND
E x c h a n g e o n L o n d o n , P a r is , B e r lin
a n d Z u r ic h .
Schulz & Ruckgaber,
89 W IL L IA M ST R E E T , N E W Y O R K
(S' ' -•
SCOTLAND.
( CORRESPONDENTS OP THE
£“ in t e r n a t i o n a l B a n k o f L o n d o n
¡( L im it e d ) , L o n d o n .
M e s s r s . J o h n B e r e n h e r g , G o ssle r Sc C o ,
H a m b u rg .
M e s s r s . M a r c u a r d , K r a n s s Sc C o ., P a r is
G eo . Co p p e l l .
T h o s . Ma it l a n d .
G e r a l d L. H o y t , Member.N. Y. Stock Exch.
B
A
Transacts a general banking business.
Receives accounts o i banks, bankers and corporaions upon favorable terms.
Issues certificates o f deposit bearing interest.
Makes loans upon approved merchandise,
i Solicits mercantile and personal accounts.
22
C i r c u l a r L e t t e r s o f C r e d it is s u e d f o r
t r a v e l e r s ’ u s e a n d C o m m e r c ia l C r e d its
o p e n e d in E u r o p e , A ' j a , S o u t h A m e r ic a
a n d t h e W e s t I n d i e s .’
_____e.______
l ___ ,
•_____
STREET.
C a p it a l, 8 2 , 0 0 0 , 0 0 0 . F u l l p a id .
CONDUCTS A GEN ERAL BANKING BUSINESS
Allows Interest on cash deposits, subject to check
or on Certificates.
Bays and sells Bills o f Exchange, drawing on
Baring Bros. A Co., L ondon; Perier Freres et Cie,
Paris; Mendelssohn A Co., Berlin, and on Pant
Mendelssohn-Bartholdy, Hamburg.
Negotiates Securities, Railroad, State, M unidpa
etc.
Offers fo r sale first-class Investment Securities.
Particulars and terms on application.
W ILLIAM BKOCKIE, President.
W H AR TO N B A R K E R , Vice-President.
H ENRY M. H OYT, J r ., Treasurer.
ETH ELB E RT W ATTS, Secretary.
Board o f Directors—William Brockie, George EL
Pepper, Morton McMichael, W harton Barker, Henry
C. Gibson, T. W istar Brown, Isaac H. Clothier.
Advisory Committee o f Stockholders.—W illiam
Potter, George M. Troutman, Gustavus English,
William Pepper, M. D., Thomas Dolan, John G.
Reading, Joseph E. Gillingham, John Wanamaker,
~ry E. . Smith, Craige Lippincott, Hamilton
D is . n. Clayton French, Francis Rawle, William
W ood, Walter Garrett.
C a n a d ia n B a n k o f C o m m e r c e .
c a p it a l ,
fo,ooo,ooo.
su rplu s,
91,600,000.
J. H. GOADBT & ALEX. LAIRD,
AGENTS.
16 E X C H A N G E P L A C E , N E W Y O R K
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUES COMMERCIAL «CREDITS. A V A IL A B L E
IN A L L PA RTS OF TH E W ORLD.
Heidelbach,
Ickelheim er & Co.,
29
W IL L IA M
8T R E E T ,
Cor. E x c h a n g e P la ce ,
FOREIGN
NEW Y O R K ,
BANKERS.
BUY AND D R A W BILLS OF EXCHANGE,
MAKE CABLE TRANSFERS, ISSUE T R A V E L .
ERS’ CREDITS.
ISSUE COMMERCIAL CREDITS, A V A IL A B L E
IN A L L PA RT S OF TH E W ORLD, ON
Messrs. C. J. Hambro & Son. London.
gawktxs and grnbers.
j
C . W alco tt &
C o .,
BANKERS AND BROKERS,
N o . 2 4 P in e S treet, N e w Y o r k .
Transact a General Banking Business,
Stocks and Bonds bought and sold on Commission.
Orders received In Mining Stocks, and In Unlisted
Securities. Collections made and loans negotiated.
Dividends and interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
W e issue a Financial Report weekly.
J os. C. W a lc o tt ,
) Members o f the New York
F r a n k f . D ic k in so n , 1
stock Exchange.
Albert
Pearce,
1 6 Sc 18 B R O A D
BROKER IN ALT. KINDS
S T .,
OF INVESTMENT
BONDS, MISCELLANEOUS SECURITIES
AND DEFAULTED BONDS.
CORRESPONDENCE SOLICITED
L .C .L a t h r o p , Os c a r B. Sm it h ,
j . h . o l ip h a n t
K E
AND
Sc 2 4
R
S
MERCHANTS,
3 7 B R O A D S T ., N E W Y O R K ,
6 P A C I F I C A V E ., C H I C A G O
Members New York Stock Exchange, New York
Cotton Exchange, and Board o f Trade Chicago.
E x c b a n g e P la c e ,
Ne w Y o r k .
Alexander Campbell & Co.,
BILLS OF EXCHANGE, LETTERS OF CREDIT.
TELEGRAPH IC TRANSFERS OF MONEY ON
LONDON, P ARIS, MEXICO. CUBA, Ac., Ac.
BANKERS AND BROKERS,
KOUNTZE B B O T H E B S,
2 6 P IN K S T R E E T , N E W
YORK.
BAN KERS,
1 2 0 B r o a d w a y , E qu it a ble B u ild in g , N ew Y o r k .
Malc olm Ca m p b e l l , Member o f N. Y . Stock Exch
L E T T E R S OF C R E D IT AND
C IR C U L A R NO TES
H ow ard Lapsley & C o .,
B ills o f E x c h a n g e D r a w n o n t h e C it y
B a n k , L im it e d , L o n d o n .
N
COMMISSION
Produce Exchange Bank.
C A P I T A L , $ 1 ,0 0 0 ,0 0 0 .
o f Philadelphia.
310 C H E S T N U T
Smith & Oliphant,
M aitland, Phelps & C o ., Lathrop,
- BANKERS AND BROKERS,
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
TH E N EW YORK
CO.
O ffer I n v e s tm e n t S ecu rities.
M A R C U A R D , K R A U S S Sc C O .,1 P . » TH
H O T T I N G U E lt Sc C O .,
SI 'A l t l s .
J ohn
INVESTM ENT
N os. 3 4 an d 3 6 W A L L S T R E E T .
ISSUE T R A V E L E R S ’ CREDITS, available In all
parts o f the W orld, through
M e s s r s . N . M . R o t h s c h ild Sc S o n s , L o n d o n .
“
d e R o t h s c h ild B r o s ., P a r i s .
**
M . A . d e R o t h s c h ild Sc S o n s , F r a n k
fo r t o \ m .
S . M . d e R o t h s c h ild , E sq ., V ie n n a .
AND THEIR CORRESPONDENTS.
Draw Bills o f Exchange on, and make Cable Trans
fers to, England, France and Germany.
an d agen ts
BROAD
THE
Issued fo r the use o f travelers in all parts o f the
world. Bills drawn on the Union Bank o f London.
BANKERS AND BROKERS,
Telegraphic transfers made to London and to various
ilaces in the Unitea States. Deposits received, subect to check at sight, and interest allowed on bal 7 4 B R O A D W A Y a n d 9 N E W S T R E E T «
ances. Government and other bonds and invest
N ew Y ork«
ment securities bought and sold on commission.
J
Juins 11, 1887.]
H . L.
THE CHRONICLE,
Horton
&
C o .,
F •M. L ockw ood .
Taintor & H o lt,
0 4 and 5 6 B R O A D W A Y , N ew Y ork .
BARTHOLOMEW HOUSE, 1 T
BARTHOLOMEW LANE) j LONDON.
J. H er on Crosmajt
Lockw ood &
BANKERS,
Crosman,
B A N K E R S AND B R O K E R S,
N o , 1 1 W a l l S t., C o r. N e w , N e w Y o r k .
S p e c ia l A t t e n t io n G iv e n t o A m e r ic a n
S e c u r it ie s ,
TRANSACT a GENERAL BANKING business.
N o . 31 N e w Street a n d N o . 1 E x c h a n g e
Solicit Amounts and Orders for the Purchase and
DEPOSITS received and INTEREST allowed cn
C o u rt, N e w Y o r k .
Bale o f Bonds, Shares, &c., Ac., on Commission, in balances.
New fo rk , Boston, Chicago, London or Paris,
Buy and sell GOVERNMENT, MUNICIPAL and
Private telegraph wires to Chicago, Boston, Phil*,
Interest allowed on deposits subject to drafts at RAILR O A D Securities.
sight.
Private telegraph wires to Providence and Boston. delphia and Baltimore*
Members o f the New York and Boston Stock ExW e solioit orders fo r the purchase or sale o f any o f
^
oko.
HOLT
changes and o f the New York and Chicago Produce GILES B. TAINTOR. ^
the securities o f the
Kx changes.
Private wires to Chicago, St. Paul, Boston, H art
P h ila d e lp h ia Sc R e a d in g R R . C o .
ford, Buffalo and Utica.
7 NASSAU S T R E E T ,
on the Philadelphia or New York 8took Exchanges.
M e m be rs n . y . Stock E x c h a n g e .
Transact a strictly Commission business In Stocks
BANKERS,
Bonds. Commercial Paper, Collateral Loans, Ac., and
1 6 4c 1 8 B r o a d S tree t, N e w Y o r k .
18 W A L L a n d 3 N A S S A U S T R E E T S , investments generally. Correspondence solicited
R efer to Mr. E d m o n d d . R a n d o l p h , President 1 21 S o u th T h ir d S tree t, P h ila d e lp h ia .
NEW YORK.
Continental National Bank.
Connected by Private Wire with main office. New
T r a n s a c t a G e n e r a l B a n k in g B u s in e s s .
Edmund & Chas. Randolph,
H . B. Hollins & C o .,
Geo. K . Sistare’s Sons,
T. s. Y o u n g , J r .,
Member N.Y. Stock Exchange.
DEALERS IN GOVERNMENT, M UNICIPAL AND
R A ILR O A D SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED,
INTEREST ALLOW ED ON D A IL Y BALANCES.
Young &
[ESTABLISHED 1802],
H am ilton
51 A 53 New Street and 42 Broadway«
no
B r a n c h Office , 91 L e o n a r d St r e e t .
N°*
&
an d brok ers,
(M I L L S
&
^
YORK
Stocks, Bonds and Cotton.
Schwarz,
3
B U I L D I N G ,)
b
b
s
Smith,
BANKER & BROKER,
ü
i f
n U f S a iU 9*1? ’ ®JP*rtBnce in Railroad Bonds. Pai • i s
â
w
ë
ba n k e r s,
st r e e t , n e
w a l l
e
MEMBERS OF NEW YORK
bankers
w
y o r k
ST O C K " t t y c t t a
p
.
b b o w a
IWalston H . Brown & Bros
b a n k e r s
. . . m
i
3 7 B r o a d w a y , op p . E x ch a n g e P la c e , N. Y
B r a n c h O ffice, 2 4 1 L a S a l l e S t „ C h ic a g o
TRANSACT A GHNERAL BANKING BUSIN««*«
INCLUDING TH E PURCHASE
STOCKS A N D BO N D S FOR CASH OR M
, 0/
^ d 4 <UyldaaI* received
' 8ecunties Bought and Sold on
N o. 2 0 N ASSAU S T R E E T .
I ________
NEW YORK.
CEDAR
^
° - B° X “ 7
d
R eu ben L ela n d .
H enry
t
W
. Bo o b y .
C o .,
■
T T
1
H . D ew in g & Son,
? 's £ c k E L h : BOOTïOOÏT
»»O K E R S ,
I * 1A W a11 8tree*» N e w Y o r k
IParticular at°e c tio n ^ v e n ^ o “hif ° n °®mmlsslon.
w * i P e r cent;;
WOOD &
J.
BANKERS,
STREET.
business paper and other securities
AND
S u c c e sso r
to j
.
h
made on
Perry,
. L A T H A M & C o.)
U N IT E D B A N K
L. Robertson,
No. 7 NASSAU STREET,
(Continental National Bank Building,)
State, Railroad, Di strict o f Colum
bia Bonds and Foreign Exchange.
Y ork.
R . J. K im ball &
C o .,
[Established in 1805.]
BANKERS AND BROKERS,
B U IL D IN G ,
No. 2 W A L L S T R E E T , N E W Y O R K .
h ( ? S ,'- 5 0Dn^
D AVIS.
BOND AND STO CK B R O K E R ,
Dealer iu Investment Securities,
N ew
Frederick W .
BROKERS.
Execute orders in all securities listed at the New
York Stock Exchange. For Sale:
u « ew
f ir s t - c l a s s R a il r o a d F ir s t Mo r t g a g e B o n d s
GEORGE C. WOOD. C. H . HUESTIS. L. M. SWAN
STOCKS, B O N D S <6 0 0 M M E R 0 1 A L P A P E R
bought and sold
C o .,
SUCCESSORS TO
MflT n r .
U N IT E D B A N K B U IL D IN G ,
W a l l S tree t, c o r n e r B r o a d w a y .
K ,,
W ood, Huestis &
BANKERS
D . A . BOODY.
bankers,
62
MILLS BUILDING (8d Floor,)
Rooms 25 & 20.
35 W A L L STR EE T.
„ STATE AND CITY BONDS OF GEORGIA A L fln
SECURITIES OF TH E CENTRAL R R A h i t i s S
ING CO. OF GEORGIA. A SPECIALTY.
Investors wishing to buy or sell are invited to oall
or correspond. Prom pt and personal attention given
to all orders.
3 1 P IN E S T R E E T , N E W Y O R K ,
I n p ^ n S a f f e ra&
Gilm an, Son &
BROKER
Dealer in Miscellaneous Securities,
M c lie ffa m
®nd Muni-
a
YORK.
B r a n c h Offic e s : j 1§R f = /i ha^ vÄrN®T Tork1 08915th St., Washington, D.C.
Buy and sell on commission all classes o f RaiiT» * .
Securities; also Grain and Provisions.
« “ “ »aw
Private telegraph wires t.o Philadelphia, Wilming
ton, Baltimore, Washington, Bridgeport, New
Haven, Boston and Pittsburg.
’
w
A . Dutenhofer,
iB o o d ti,
3LSSL'0"
I
.
AND
Y ork
to ° heok at 8l*ht « d
ol?aeias i ^ t i 1esR° ad B° nd8’ 8tate>
IN V E S T M E N T S E C U R IT IE S .
W a y la n d Trask ,
Ch a s . d . m a r t i n ,
,
Nog, 2 3 Sc 2 5 N a ssa u S t,, N e w
a lW tlr e K tA n c ^
A . M. K id d e r ,
H . j . m o r se ,
S T ,, N E W Y O R K .
JAMES WHITELY.
H. CRUGER OAKLEY.
,
Ma y n a r d c. E y r e ,
D odg e , Washington, D. 0.
W m . R. T r a v e r s , Special Partner.
Investment Securities.
Janney,
W ALL
Exchanges.01" St00k8 and Bonds ®*eo*ted at all
Especial attention given to supplying high-class
No. 64 B R O A D W A Y , N E W
£w . i“a ;
Chrystie &
C o .,
Prince & W hitely,
,
Established 1 8 6 5 .
« s s x s a t s . s s g r 1 Lou «
John H . Davis &
No. 10
ssEssssggg
e
B u s in e s s ''
BANKERS AND BROKERS,
B a n k e r s a n d C o m m is s io n S t o c k B r o k e r s ,
_
N o, 65 BROADWA V
Office, 815 Madison A v.,cor. 4&d St New York
N o . 2 0 B R O A D S T ., N S W Y O R K .
T r a n s a c t a G e n e r a l B a n k in g
I n t e r e s t a l lo w e d on D e p o s its .
b
Carolin & Cox,
placing o f first mortgage bonds o f railroads, water
works, gas works and other flrst-olass corporations.
W e solicit correspondence.
H.
«
m
M e m b e ^ Y .^ t o o k Exchange. Ch arlœ s f - Co*
We make a specialty o f the buying, selling and
Fred.
«
s e c u r it ie s .
in v e s t m e n t
No.
Bateman,
BANKERS,
1 0 W a l l S treet, N e w Y o r k .
P a u l Sc h w a r z .
Roberts
IcS m m isX n .
Green &
Bishop,
BROADW AY, NEW
Buy and sell on Commission, fo r cash n* „ .
changed'"11168 dealt 111 at tho N ew Y ork S to c k T fe
f o r e s t allowed on dally balances.
p i J 1if&??Lt8*8.ubi? ot
«heck at sight.
Particular attention to orders by mall or telegram .
(Members New York Stock E xchangei
W alter Del Mar.
8. M. R o b e r t s .
Nelson,
3 6 W a l l S tr e e t, N e w Y o r k .
and ®ecur*tles dealt in at the New York
cash'or^n^'arifin 0UKht a“ ? sold on commission, fo r
auowed on Œ m s . ° P° SltS recelved and inter« t
BANKERS AND BROKERS,
Edward L. Oppenheim.
FIRST-CLASS IN V E STM E N TS,
bankers an d brok ers,
E . L. Oppenheim & C o .,
DEALERS IN
W . S. Nelson .
voium
16'4c 1 8 B r o a d S treet, N e w Y o r k ,
Members of the New York Stock Exchange and c l
the Philadelphia Stock Exchange.
R o ber t J. K im b a l l .
A lfred
b.
Lounsberrt
Ivol . z u t .
TH E C H R O N IC LE .
IV
f f a r r a
ffinaucial.
^ fin a n c ia l.
g i^ to r tg a g e s .
Bight per cent net to Invest
or*. No losses. Interest col
lected free of charge to lender.
First mortgage on improved
farm property in finest agri
cultural districts in Alabama,
worth three times amount or
Legislative author. loan.
Sole Alabama correspond
By to negotiate loans
ents o f several European farm
loan
companies.
Hu. M. NELSON,
Individuals or Trustees de
President.
siring to make safe loans,
address the company for par
W . R. NELSON,
ticulars and references.
T Reiter by*pOTmlsston to Geo’ s r ^ P r e s i d e n t , and
Dnm ont Clarke, Cashier, American Exchange Na
tional Bank, New York ; ¿og a n C . Murray, Piesident
United States National Bank, New York.
LOAN CO. ot
ALABAM A,
Selma, Ala.
Douglas & Jones,
12 Broadway,
13 New Street
(Members o f the N. Y . Stock Exchange.)
Buy and sell 8tocks and Bonds fo r cash or on mar
gin. Interest allowed on deposits. Correspondence
solicited.
___________ _ . „
i
JOHN F. DOUGLAS,
Of the late firm o f Iiawson, Douglas & Co.
W IL L A R D H . JONES,
_ _
Late o f W .8.Lawson & Co.. Member N. Y 8took Exch.
E Q U IT A B L E
Mortgage Company.
20
BROAD
STREET,
N EW
Duluth South Shore & Atlantic Sub
scriptions.
South Pittsburg City Stock.
Alabama Mineral Land.
Chicago Portage
Grant Bonds.
Rolston & Bass,
NO.
National Cable Railway Stock.
YORK.
T O B E Y
Correspondence solicited.
, „
.. .
Quotations cheerfully furnished,
W m . h . R olston ,
W . A l k x . b a s s , Jr.
Member N. Y. Stock E xch’ge.
Trust Co.’s Stocks.
Cahoone & W escott,
Mew Y o rk
NEW
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts o f mort
gages, i n t e r e s t 0 p e r c e n t to
r c e n t, principal and inter
GUARANTY 7estp eabsolutely
guaranteed. Se
for guaranty held by the
LOAN CO., curities
American Loan & Trust Com
M IN N E A P O L IS . pany, o f Boston, Mass.
Send fo r circulars to
P a id-U p C apital, N E U E R A C A u R E N T E R
$ » 0 0 ,0 0 0 .
B a n k ers, T ro y , N. Y .
Authoriz’d Capital
Eastern Managers for Company
$ » ,0 0 0 .0 0 0
Government & other Investment Bonds
W. H . Dic k in so n ,
Ed w ard
Member N. Y. Stock Exchange.
p . a l l in g .
Dickinson & A ilin g ,
Buy and sell at N. Y. Stock Exchange, fo r IN
VESTMENT or on MARGIN, all classes o f Stocks
and Bonds, and allow Interest on deposits, subjeot to
oheck at sight.___________________ ___________ _ _ _
j
s. f a h l k e .
R o b e r t D. F a u l e r .
[. S. Farlee &
Brother,
** N o . 7 N A S S A U S T ., N E W Y O R K ,
BROKERS AND DEALERS IN
IN V E S T M E N T
In Sums of $100 and Upwards on
Indiana and Ohio Bonds.
BONDS,
STATE, M UNICIPAL AND APPROVED R A IL ROAD BONDS.
Co r r e sp o n d e n c e So l ic it e d .
NOTHING 8AFEIL A L W A Y SP R O M P T L Y PA ID .
SEND FOR P A M P H L E I.
C . J. Turner,
JOS. A . M O O R E,
8 4 E a s t M a r k e t S t.. I u d i a n a p o lU , I n d .
16 A
__ r p lu s » 7 O , u 0 0 , offers, first Mortgage
Loans drawing « e v e n per cent, both P r in c ip a l ana
I n t e r e s t fu lly G u a r a n te e d . Also¡ 6 per cent,10year Debenture Bonds,secured by 105 percent o f first
Mortgage loans held In trust by the M e r c a n t ile
T r u s t C o . , N . Y . Five per cent certificates o f
deposit for periods under one year. Write for fnU
information and references to tne company at 1 5 0
Nassau S t., M. Y . A ^ O R M S B Y ,
Vice-President and General Manager.
AND
WESTERN FARMAMORTGAGE CO.,
L A W H E N C E, K A IN.
F. M. P e r k in s , Pres’t.
L , H. P e r k in s , Sec.
P a i d U p C a p it a l,
•
■ ;
$ ¿ 5 0 ,0 0 0
The choicest First Mortgage Farm Loans, also the
Company’s Ten Year Debentures, baged upon its
¿¿ id u p tapital and assets o f over «¿50,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 Investors. Send for circulars, forms and
Hull information, Branch offices in N. Y. City and
Albany. New York Office 187 Broadway.
C. C. H INB A 80N . Agents.
AND
Consolidated
Mining
Co.,
48 E X C H A N G E PLACE.
P a u l L ic h t e n st e in , ;
H . R- B a l t z e r ,
President,
Vice-President,
Ä . V.'MARTINSEN,
w . E. Ma n t iu s , .
Treasurer.
Secretary.
W
.G. W . H a l l , Sup’t.
B roadw a
Kansas
Investment Co.
OF T O P E K A , KAN SAS,
PER CT. SECURE!! GOLD BONDS,
Principal and Interest payable at the
NINTH N ATIONAL BANK. NEW YORK.
Said bonds are fully secured by first
mortgages on improved real estate in
Kansas, deposited with the
BOSTON SAFE DEPOSITS; TRUST 00., trustee.
They are largely taken by institutions
and conservative investors generally.
P r ic e , P a r a n d A ccru ed In te re s t.
Represented by
A . D . M ID D L E T O N ,
1 0 W a l l S treet, N . Y .
W E O F F E R FO R SALE
A LIMITED AMOUNT OF
BROKER,
First Mortgage 6 Per Cent Gold Bonds
OF THE
18 B R O A D BT., N E W Y O R K .
Transacts a general Banking business, Including the
purchase and sale o f etoeks and bonds fo r cash or on
margin.
D . Simons,
J*âmes
(Formerly SIMONS & CHEW )
B A N K E R
A
BROKER,
» E x c h a n g e C o u r t Sc 5 » B r o a d w a y , N . Y .
A ll Securities dealt In at N. Y. Stock Exchange
bought and sold for Cash or on Margin Special atten
tion given investments. Correspondence solicited.
M em bers. Y. Stock Excnaoge.
Member N. Y. Produce Exchange.
Simon Borg &
C o .,
N o . 1 7 N A S S A U S T ., N E W Y O R K ,
Railroad and InYestment Securities
E.
S. B a i l e y ,
S i, P I N E S T R E E T .
A
:
&
DECATUR
RR.
Principal payable 1928. Interest June and Decem
ber at American Loan & Trust Co.. Trustee.
Issued at the rate o f «15,000 per mile.
This railroad runs through the richest mineral ana
agricultural portions o f the States o f Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, Including the East Ten
nessee Virginia & Georgia and Georgia Central roads
G R O V E S T E B N Sc P E L L ,
E x c h a n g e P la c e , N e w Y o r k ,
BANKERS AND BROKERS.
Staten
Island Securities
A SP E C IA L T Y .
Gas, Railroad & Amusement Co. Stocks
66 B r o a d w a y , R o o m 8 .
J. P. G ayle,
R E A L ESTATE AGENT,
F ir s t A y . , b e t. 1 9 t h a n d »O th Street»,
Up stair8, opposite Berney National Bank g
DEALINGS IN
i n s u r a n c e
ROME
GEO. B . R IP L E Y ,
DEALERS IN ALL KINDS OF
So u t h e r n S e c u r it ie s a S p e c ia l t y .
COLORADO CENTRAL
C. N O Y E S ,
See my quotations o f Trust and Telegraph Stocks
In Dally Indicator and Saturday’s Evening Post-
(16 Yours* Membership in the N.Y. Stock Exchange.
BANKER
7 %
SOU N D
BOUGHT AND SOLD BY
WM96
BANKERS
AND
B R O K ER S,
N o . 3 0 P in e S treet, N e w Y o r k .
Farm Mortgages
TH E
B rook lyn Companies1
Correspondence solicited.
north
w estern
THROUGH
AND
1 8 W a l l S treet, N e w Y o r k ,
E x e cu te O rders in a ll S ecurities L isted 0»
N E W Y O R K S TO C K E X C H A N G E .
Special Attention given to
GUARANTEED FARM MORTGAGES.
O F F IC E S i
New York, 208 Broadway I Philadelphia, 112 K4th St.
Boston, 28 Court St.
I Kansas City, 7th& Del.Sts.
YORK.
A L L OF THH
,
bearing 8 per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the American Loan & Trust Company, o f
New York, for the benefit o f the bondholders, lh eir
safety, tim e to run and rate o f interest make them
the most desirable investment now offered. Also,
IN V E S T
K I R K ,
4 AND 6 B R O A D S T R E E T ,
( a v i i ul S u b s c r i b e d .........................$ ‘¿ , 0 0 0 , 0 0 0
6 %
A
STO C K S, BON DS,
A N D M IS C E L L A N E O U S S E C U R IT I E S
P a id In (C a s h ).................................... 1 ,0 0 0 ,0 0 0
d e b e n t u r e s
& Superior Land
BIRMINGHAM, ALABAMA.
s t o c k s
S P E C IA L T Y .
V alu a b le su b u rb a n tra cts o f la n d in bodies ot
______
^
te a to eig h ty a cre s each .
Cash paid at once fo r the above securities t or th e ;
will be sold on commission at seller’s option.
H . L . Grant,
N o.
145
B R O A D W A Y ,
N EW YORK.
S T O C K S and B O N D S
A t A uction.
S h e U n d ersign ed h o ld R E G U L A R A U C TIO N
SA L E S , o f a ll cla sses o f
STOCKS
AND
BONDS,
ON
WEDNESDAYS AND SATU RDAYS.
A D R IA N H . M U L L E R A SOP,
NO. 1 PIN E Ä S T R E E T , N E W Y O R K .
Stew art
B ro w n ’s
Sons
STO CK B R O K E R S ,
6 4 B r o a d w a y & 1 9 N e w S t., N e w Y o r k
Walsh 6c Floyd,
S T O C K
B R O K E R S
N o. 2 6 B R O A D S T R E E T , N E W Y O R K .
JAMES W . WALSH. JlL,
NlOOLL FLOYD,
Member N, V. Stock Exchange.
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
See Quotations o f City Railroads in this paper.
W . H . G oadby & Co.)
BAN KERS AND BROKERS,
Ho. J . I J B R O A D
s t r e e t
N ew Y o r k .
»'
TH E CH RONICLE.
J u n e 1 1 , 1 8 8 7 .]
s p e c i a l
I n v e s t m
W alkley &
M ortgage Trust C o .,
C o .,
10 W A L L S T R E E T , N E W Y O R K ,
BROKERS IN
SUCCESSORS TO
C o .,
KANSAS C IT Y , MO.
•
fin a n c ia l.
Q F F I C E OP T H E P E N N S Y L V A N IA
Tarvis- Con klin
C a p i t a l P a id U p ___-
J ’inanctaL
e n t s .
Tarvis, Conklin &
▼
$ 1 ,0 0 0 ,0 0 0
O F F IC E R S :
l i n t E L n . J A R V I S , P rea’ t.
E D W I N E . W I1<SO N , 1 st V lc e-P res> t.
H E N R Y P . M O R G A N , 2 d V lc e -P r e s H .
R O L A N D R . C O N K L IN , Sec»y.
W M . F . S H E L L E Y , T re a e ’ r .
G E O . W . M c C R A R Y , C o u n s e l.
This C om pany offers fo r sale a t p a r and
accrued Interest its
SIX P E R CENT D E B E N T U R E S ,
p a ya b le ha lf-yea rly at th e office o f T H 5 M E R
C A N T IL E TR U S T CO., N E W Y O R K .
T hese
D ebentures run fo r T en yea rs, b u t w ith th e
o p tio n o f red em p tion at th e en d o f F iv e y e a rs .
T h e y are d irect ob lig a tion s o f th e C o m p a n y ,
and a re fu rth er secu red b y an eq u a l a m ou n t o f
Beal E state M ortgages on Im proved a n d p r o
d u ctiv e R ea l E sta te w orth fro m th ree t o fiv e
times th e am ount ofjthe m ortga ges, h eld b y T H E
M E R C A N T IL E TR U S T C O., w h ich un d er sp ecial
A rticles o f A greem en t a cts as T ru stee fo r th e
hold ers o f th e D ebentures.
T h e y are Issued In
denom ination s o f $ 5 0 0 , $ 1 ,0 0 0 and $ 5 ,0 0 0
T hese D ebentures are a v e r y d esirable cla ss
o f Investm ents fo r E states a n d T ru st F un dsand fo r Individuals an d corp ora tion s d esirin g
a n e x ceed in g ly safe Investm ent, w ith a c o m ,
paraliv e ly high ra te o f interest.
W rite fo r furth er Inform ation an d referen ce
to ou r office at K ansas C ity, M o., o r to
R O L A N D R . C O N K L IN , S ecreta ry.
E q u ita b le B u ild in g , N .Y . C ity .
J O H N M . S H R I G L E Y , M anager,
4 1 1 W a l n u t S t., P h ila d e lp h ia .
M O R G A N & B R E N N A N , M anager«,
2 7 C u sto m H o u s e S treet,
__________
P r o v id e n c e , R . 1.
Geo. H . Prentiss & C o .,
Second-Hand Railway' Equipment,
Have now fo r sale at low prices, fo r cash or on
easy terms, on Car Trust, or will exchange for good
securities.
3 .5 0 0
1 .5 0 0
500
235
17
BOX CARS,
F L A T AND G O N D O L A C A R S ,
STOCK CARS,
R E F R IG E R A T O R C A R S,
L O C O M O TIV E S .
I f desired, will be put In good repair, repainted,
and relettered.
W hether yon wish to buy, sell, or trade, It will pay
yon to write us f r full particulars.
First Mortgage 6 Per Cent Gold Bonds
(9 1 5 ,0 0 0 P E R M IL E )
Georgia Midland &
Railroad Co.,
Gulf
DUE JU LY 1, 1928.
Interest, New York, January and July,
Standard gauge, steel rails, first-class equipment.
A limited amount for sale. Descriptive pamphlets
containing copies o f mortgage, furnished on appucation.
R.
A.
L A N C A S T E R dc C O .,
1 0 W a l l S treet.
Desirable Six Per C en t
G old Bonds
FOR SALE BY
WILLIAM G. HOPPER & CO.,
BTO CK
AND
BOND
B R O K E R S
2 8 S o u th T h ir d it r e e t ,
P h ila d e lp h ia .
[DIRECT PRIVATE WIRE TO NEW YORK.]
N otice.
r a i l r o a d c o m p a n y . — P h il a d e l p h i a
May 11.1887.
A t a meeting o f the Board o f Direotors o f this
Company, held this day, the following resolution
was adopted:
Resolved, That fo r the purpose o f providing the
necessary capital fo r construction and equipment
expenditures during the year 1887, on the main and
leased lines and branohes, and fo r the completion
and extension o f new and auxiliary lines, the cost o f
which is estimated as fo llo w s:
Construction o f third and fourth
tracks and additional facilities
on the Pennsylvania Railroad,
branohes, and leased l i n e s ....94,000,009
Real estate Pennsylvania Rail
road,branohes and leased lines 700,000
Locom otive engines and passen
ger equipment........... .............. 1,800,000
Construction o f branch and aux
iliary lines.ln addition to those
now In operation .................... 2,000,000—$8,000,009
the privilege be given to the shareholders o f the
company o f subscribing at par between the 15th and
80th days o f June, 1887, on whloh latter date the
privilege will cease, for 8 per cent 'o f their respect
ive holdings as they stand registered on Wednesday,
May 11th mst. Shareholders entitled to a fraotion
o f a share may subscribe lo r a full share. The priv
ilege o f subscribing may be sold by any shareholder,
and blank forms for such purpose will be furnished
on application to the Treasurer. Payments may be
made in full prior to July 1,1887, or one-half shall
be paid prior to July 1,1887, and the remaining onehalf shall be paid prior to September 1,1887, and In
either case receipts will be given bearing Interest at
the rate o f 4 oer cent per annum from the date o f
payment until November 1,1887, at which time said
receipts will cease to bear Interest. On and after
November 1,1887, certificates for the new stock wilt
be delivered on surrender o f the reoelpts.
R O B E R T W . S M IT H ,
T rea su re^ ,
T> E O R G A N I M A T I O N O F T H E P H I L -IV A D E L P H IA & READING R A IL R O A D COM
P A N Y and affiliated companies.
Notice is hereby given that the second Instalment o f
25 PE R CENT o f the contribution required upon the
stock and securities deposited with Messrs. Brown
Brothers & Company under the plan o f reorganisa
tion o f the above companies, is hereby called, and
will be payable on
JU LY 1ST, 1887.
t '* * *
Payments are to be made at the offices o f Messrs.
Brown Brothers & Company, In the cities o f New
York and Philadelphia.
.
_
Bv order o f the Board o f Reconstruction Trustees.
JJNO. B. GA R RE TT, Chairman.
No t i c e
of
l i q u i d a t i o n . - n o t io b
is hereby given that the stockholders o f the
Council Bluffs National Bank, located at Council
Bluffs. In the State o f Iowa, at a meeting held on
the 5th day o f May, 1887, voted to go into volun
tary liquidation. All depositors and others hold
ing claims against said bank will therefore present
the same fo r payment.
L. W. T ULLKYS, P rei t.
Under and by authority of a resolution
N o . 4 9 W A L L S T ., N E W Y O R K ,
adopted by the Honorable City Council,
&c.
AND
sealed proposals will be received at my
2 0 8 M O N T A G U E S T ., B R O O K L Y N . office until 6 o’clock P. M., June 4, 1887,
D E N V E R & R IO G R A N D E
for the purchase of the property on the T-*■HRE
A ILR O A D COMPANY. 47 W ILLIAM STREET.
GAS STOCKS
corner of Commerce and Lamar streets, ,■ ,
j**«
.„N e w Y o r k , J u n e 2,1882. J
AND
known as the City Hall property. Bids “ jgsa ‘r
d iv id e n d no . i. <i h -*- w iv v i
The Board o f Directors have this day declared a
will state—1st, net cash; 2d, one-third
GAS S E C U R I T I E S ,
dividend o f TW O AND ONE-HALF PE R CENT
cash and the balance in one and two on the preferred capital stock out o f the net earn
Street Railroad Stocks and Bonds, years, with interest from date at the rate ings o f the company now in Its treasury, payable
July 12,1887.
AND ALL KINDS OF
of 10 per cent per annum.
The transfer books o f the preferred stock will
The city reserves the right to reject any close fo r this purpose on the 30th day o f June at 3
B R O O K L Y N SE C U R IT IE S
o ’clock P. M., and reopen on the morning o f July 13,
and aH bids.
W . E. PARRY,
D E A L T IN .
1 By" order o ft h e B o a r d oftDirectors,
City Secretary.
%x\XvczsXt
SHE GAS QUOTATIONS IN THIS P A PE R .
Geo . h . P re n tiss , w .d .p r e n t is s . W .W .W a l s h .
Memb. N.Y, Stock Exeh._______ L. F. Ol n e y , J r . _
Nebraska C ity Gas Co.
First Mortgage 8 per cent Bonds...................... $30,000
No other Debt. Plant c o s t ........ ...................... 55,000
Annual Income.....................
13,000
Expenses................................................................ 6,000
Net, applicable to interest and dividends...... 4,000
Interest charge....................................
1,800
Principal and Interest payable at the NATIONAL
P A R K BANK, New York.
W e offer tne entire issue, as above, to net over 6
per cent.
W E L L I N G & C O .,
9 0 B r o a d w a y a n d 2 W a l l S t.
T h e Tortilita Mines.
The shares o f the Tortilita Gold & Sliver Mining
Company, which have created such favorable com
ment by the press throughout the country, are based
upon property o f the utmost intrinsic value, com
prising twelve developed mines, producing $5,000 In
bullion per month now, and that will be increased
$50,000 soon. Pronounced by experts to be the be
mining enterprise ever offered on the market. Offic
57 Broadway, New York. Prospectus mailed on a
plication.
Gas, Insurance, Banks, City Railroads, &c. Sei
fo r list published Mondays.
J . F. VVIN VKIMJH a M,
36
Pine St*. N.Y.
Member ConsolidHted Stock & Petroleum Exch.
Member N.Y. Produce Exchange.
W IL L IA M W AGN ER, Secretary.
D a l l a s , Texas, May 18,1887.
S U F F IC E O F T H E C E N T R A L R A I L ROAD CO. OF NEW JERSEY, 119 LIBERTY ST.
N e w Y o r k , June 3d, 1887,
Notice Is hereby given that the books o f transfer
o f the capital stock o f this company will be closed
from Wednesday the fllteenth to Saturday the 25th
inst„ Inclusive.
Stockholders o f record on the closing o f the books
will be entitled to subscribe to the extent o f 10 per
cent o f the par value o f their shares, at the price of
par and accrued interest, to the new general mort
gage bonds o f the company.
Payments will be due in equal instalments July
1st and August 1st, next, but may be made in full
prior thereto. The right to subscribe expires June
25th Inst, and may be assigned on theform s prepared
therefor.
Copies of the circular o f the Reorganization Com
mittee and [blanks fo r subscription and transfer of
rights may be had upon application at this office.
By order o f the Board o f Directors.
J. W . W ATSON, Treasurer.
Important Notice.
TO HOLDEBS OF KANSAS BEAL ESTATE
MOBTGAGES:
Send to HODGES & KNOX, TOPEKA, KANSAS,
fo r Free Pamphlet containing the compiled Laws of
Kansas relating to Real Estate Mortgages.
Q F F IC E OF T H E P H IL A D E L P H IA
COMPANY, 935 Penn Avenue, Pittsburg. Pa-,
June 8,1887.
___ ___
& TW EN TIE TH DIVIDEND.
MThe Board o f Directors o f this Company have thia
day declared a dividend o f ONE PE R CENT out o f
tSelearnlngs fo r last m o ^ ^ p a y a b ie ‘‘ on theSMlth
fnstT ^ ransTer books will be closed from the 150^
to the 20tS ln st~ both inclusive. ^ Checks will bo
mailed to stockholders.
JOHN C ALD W ELL. Treasurer.
STER N
W ECO.—N
Y
UNI DN
TELEGRAPH
o r k . June 8, l c 87. |
DIVIDEND NO. 75.
The board o f directors hare declared a quarterly
dividend o f ONE PE R CENT upon the capital stock
o f this company from the net earnings o f the three
months ending June 30th inst., payable at the office
o f the treasurer on and after 15th day o f July next
to ►hareholder o f record on the 20th o f June Inst.
The transfer books will be closed at 3 o ’clock on
the afternoon o f June 20 inst. and be reopened on
them orni g o f t h e -d o f July next.
•_
u
R. H. ROCHESTER, Treasurer. “
ew
F IC E OF T H E D A K O T A W A T E R
OFPOW
ER CO. OF NEW YORK, No. 45 WIL
LIAM St r e e t .—N e w Y o r k , June 10, 1887.—A divi
dend o f H FTEKN CENTS PE R SH ARE has this
day been declared by the trustees o f this company,
from the earnings o f the month o f May last, pay
able to stockholders o f record on June 15. Transfer
books close June 13 and re open June 16.
H E N R Y W . TA FT, Secretary.
THE CHRONICLE.
VI
[Y ol.
ffim m c ia l.
O F F IC E
OF T H E
f i n a n c i a l .
C H IC A G O
MI L*
y
W AU K EE & ST. P A U L k a i l W A Y COM
P A N Y , 42 W a l l St r e e t , Mew York, June 4, 1887.
A t a meeting o f the Board o f Directors o f this
Company, held this day, the following resolutions
were adopted:
Whereas, The stockholders o f this Company, at
thetrannual meeting held this day, have authorized
the Board o f Directors to issue and dispose o f
70,000 shares ($7,OuO|OOU) o f the Common Stock o f
this Company; therefore,
Kesolved, That so much o f said stock as may be
necessary to give to eacu holder 12 per cent on the
amount o f Common and Preferred d o c k held by
them, respectively, on the closing o f the books as
hereinafter provided, be set apart and offered to
them at par, payable as follows: hi ghty-flve per cent
at the time or tne delivery o f the stock and the re
maining 15 per cent to be credited on the subscrip
tions and charged against tne undivided net earn
ings or balance o f Income, as may appear by the
incom e account on the boons o f the company at the
tim e the transfer books shall be closed lo r the dis
tribution o f this stock ; and that tne transfer books
shall be closed on the 25m day o f J une and reopened
on the l l t n day o f July next; also
Kesolved, That the privilege be given to the com
mon and preferred shareholders o f tne company to
subscribe tor said shares on tne terms above stated,
between the 26ih day o f June and the goth day of
July, 1887—on which latter date the privilege will
c e a s e -fo r 12 per cent o f their holdings as they shall
JJtand registered on Saturday, June 25th. Sharenoiders entitled to a fraction o f a snare may sub
scribe fo r a full share. The privilege of subscribing
xnhy be sold by any shareholder, and blank torms for
such purpose will be furnished on application to the
Asslsuint Secretary, at the office o f tne Company, in
Mew York City. Payment for stock BUbscnoeu tor
snail be made on the 25th day o f July, i8o7.
FKAM h B. BOMD, Vice-President.
OFFICE OF TH E
CENTRAL R A ILR O A D CO. OF NEW JERSEY,
119 LIB ER TY STREET,
N e w Y o r k , June 9,1887.
[ P R O P O S A L S O F T H I S C O M P A N Y of
June 8d, Instant, to its stockholders, bondholders
nnd holders o f certain stocks and bonds of subordi
nate companies, covering options to purchase and
exchange fo r the N E W 1 0 0 - Y E A l l 5 P E R
CENT G E N ER A L M O RTG AG E GOLD
B O N D S , may te obtained upon application at this
office.
These proposals embody the conclusions o f the
Bondholders'Reorganization Committee, and have
the approval and recommendation o f the Receivers,
Messrs. John 8. Kennedy and Joseph Harris.
TH E
O P T IO N S
TO
PU RC H A SE AND
E X C H A N G E E X P I R E JU N E 2 5 T H , IN S T .
^CENTRAL R R. CO. OF NEW JERSEY,
J. R o g e r s m a x w e l l ,
__________________
President.
The National Electric Service Com■
pany stock,
(The Johnson n « a t Regulating Apparatus.)
Dakota 7 Per Cent Mortgage Bonds,
Guaranteed.
Kansas 6 Per Cent Mortgage Bonds
Guaranteed.
FOR
SALE
BY
A. D . M ID D L E T O N ,
DEALER IN
CHOICE INVESTMENT SECURITIES,
10
W ALL
STREET,
N £W
YORK.
Funds lnvesfed to advantage in RED R IV E R
V A L L E Y (Dakota) Wheat Lauds.
E STA TE FUNDS to loan on approved New York
city property. Owners only apply as above.
$ 200,000
GEORGETOWN & WESTEBN RR. CO*
(OP SOUTH CAROLINA.)
First Mortgage Five Per Cent 30-Year
Gold Bonds.
p r in c ip a l
and
in t e r e s t
payable
a
TH E BANK OF NEW YORK.
Co u po n s P a y a b l e Ma y l a n d No v . l.
I s s u e d a t L e s s t h a n $ 5 . 4 0 0 P e r M ile .
Terms o f subscription, with full Information ai
particulars, can be had on application.
DOUGLAS A JONES,
(Members o f New York Stock Exchange.)
72 B road w ay and
13
N e w Street,
NEW YORK.
Gas Trust Co. o f Chicago
O
CERTIFICATES and BONDS
D E A LT IN B\|
P. J. G O O D H A R T
& CO. ,
M e m b e r s N. Y . St o c k E x c h a n g e ,!*
24
BROAD
STREBT,
NEW YORK ;
XU V .
BON DS.
Sealed Proposals.
C i t y Co m p t r o l l e r ’ s O f f ic e ,
)
Ci t y Ha l l ,
>
C i t y o f S a in t P a u l , M in n ., M a y 1 7 ,1 8 8 7 . )
Sealed p ro p o sa ls w ill b e r e c e iv e d a t th e office
o f th e C ity C o m p troller o f th e C ity o f Saint
P a u l, State o f M innesota, u n til 4 o ’ clo ck , p . m . on
T H U R S D A Y , the 1 6 th D A Y o f JU N E , 1887,
D E L A W A R E & HUDSON CANAL CO.
Debenture (now 1st Mort.) 7s, 1894
QUINCY ALTON & ST. LOUIS
_
(Chic. Bur. k Quincy) 1st Mort. 5s, 1890.
NEW YORK CEN TRAL k H . R. R R.
Debenture 5s, 1904.
NEW JERSEY JUNCTION
(New York Central) 1st Mort. 4s, 1986.
OSWEGO & SYRACUSE
(Del. Lack. & W est.) Const. 5s, 1923.
FOR
^ 1 ,3 3 9 ,0 0 0
F o u r a n d O n e -h a l f (4 1*2) P e r Cent
BONDS
MORRIS & ESSEX
(Del. Lack. & Western) 1st Mort. 7s, 1914.
MORRIS & ESSEX
(Del. Lack. & W est.) 7s o f ’71,1901.
OF THE
MORRIS & ESSEX
(Del. Lack, k West.) Consol. 7s, 1615.
C ity o f Saint Paul
JAMES R IV E R V A L L E Y
(N o'thern Pacific) 1st Mort. Gold 0s, 1930.
AND OF THE
ST. P A U L k NORTHERN PACIFIC
1st k General Mortgage Gold 6s, 1923.
County
of Ramsey,
(S em i-A n n u al C oupons A tta ch e d ),
MATURING
IN
THIRTY
YEARS.
CHICAGO M ILW AU K EE k ST. PAU L
Dubuque Division 1st Mortgage 6s, 1920.
NORTHERN ILLINOIS
(Chicago & Northwest.) 1st Mort. 5s, 1610
A ll b e a r in g in terest a t th e ra te o f F o u r an d
O n e-half (4*2) P e r C ent P er A nnu m , p a y a b le
sem i-annu ally a t th e F in a n cia l A g e n c y o f the
C ity o f S aint P aul an d o f th e C ou n tv o f R a m
sey , in th e C ity o f N ew Y ork , d a te d M a y 2d,
1887. P rin cip a l m atu rin g M ay 2d. 1 9 1 7 (3 0
yea rs), e x c e p t th e $ 7 5 ,0 0 0 B o n d s o f R a m se y
C ou n ty m atu rin g M ay 2d, 1 90 7 , (20 yea rs) and
p a y a b le a t th e said F in a n cia l A g e n cy .
D u n c a n B u il d in g , 11 P in e S treet,
Issued fo r the following purposes, viz. :
T h e Investors’ A g en cy ,
A i l A f i i l l 1f i City o f Saint Paul Bonds, issued
,v r U V / fo r the construction o f a free
wagon bridge across the Missis
sippi River,from Forbes Street.&c.,
under an A ct o f the Legislature
approved January 17th, A.D, 1887.
"I A A A A A City o f Saint Paul Bonds, Issued
i B I U U , U U U fo r the purchase o f lands, the
erection o f engine houses, &c., fo r
' the Are department, under an A ct
o f the Legislature approved Janu
ary 81, A.D. 1887.
"I A A A A A City o f St. Paul Bonds, issued for
« r o j . U U . U U U Council appropriati"ns, &c., under
an A ct o f the Legislature ap
proved January 31, A. !>. 1887.
A A A City o f Saint Paul Bonds, issued
d U . U U U fo r he erection o f hospital build
ings, under an A ct o f the Legis
lature approved January 81, A. D.
1887.
( & .1 A A A H ! 1 City o f Paint Paul Bonds, Issued
® ^ U ( J » V / U l r f o r t h e extension o f the bt. Paul
Water Works, under an A ct o f the
Legislature approved February
21, A. D. 1885.
A f l A f t C i t y o f Saint Paul Bonds, issued
tjPJ-TT jV /U v/ fo rth e purpose o f constructing the
apuroacbes to the railroad bridge
on East Third Street, unoer an
A ct o f the Legislature approved
February 24th, A.D. 1885.
( B j i l A A A A A City o f Saint Paul Bonds, issued
fo r sewerage purposes, under Acts
o f the Legislature approved F eb
ruary 24th. A.D. 1885, and Januuary 81, A.D. 1887.
& t ) A A A A A City o f Saint Paul Bonds, issued
« r o ^ U U , U U U fo r the erection o f a new Court
House and City Hall buildingunder Acts o f the Legislature ap
proved February 26th, a .D. 1883,
and February 2d, A .D. 1887.
<3>OAA A A A County o f Ramsey Bonds, issued
tipAi O O .v / v H J fo r the erection o f a new Court
House and City Hall building,
under Acts o f the Legislature ap
proved February 20th, A.D. 1883,
and February 2d, A.D. 1887.
A A A County o f Ramsey Bonds, issued
«^? I «J jU U U f for the floating debt o f Ramsey
County, and maturing May 2d,
1907 (20 years), under A cts o i
Legislature approved February
21st, A, D. 1887.
$1,339 000 TOTAL..
T h ese b o n d s w ill b e issu ed in d en om in a
tion s o f
ONE THOUSAND DOLLARS EACH,
A n d d eliv e re d to th e su cce ssfu l p u rch a ser in
th e C ity o f Saint P aul.
N o b id w ill b e e n te rta in e d fo r less th a n p a r
and the a ccru e d interest, as p r o v id e d b y la w .
B id s w ill b e en terta in ed fo r a ll th e b on d s,
as a whole, o r f o r a n y p o r tio n th ereof.
T he “ C om m issioners o f th e In terest a n d Sink
in g F u n d ” and th e C om m ittee o f W ay s and
M eans o f th e C om m on C o u n cil o f th e C ity o f
S aint P a u l re se rv e th e lig h t to r e je ct a n y o r a ll
bids.
R O B E R T A . SM IT H , M ayor, C haiim an o f th e
“ C om m issioners o f th e In te re s t and S in king
F u n d .”
O. O. C U L L E N , C hairm an o f th e C om m ittee o f
W ays a n d Means.
S end to th e C ity C om p troller fo r “ fin a n cia l
statem en t.”
M ark b id s “ Sealed P ro p o s a ’ s fo r B o n d s ," an d
address
JO H N W . R O C H E ,
C ity C o m p tr o lle r ,
S t. P a u l, M in n e s o ta .
In Stock and for Sale by
REED
& FLAGG,
NEW YORK.
2 4 0 L a S alle S t., C h ic a g o , H I .,
(M. L.
SCUDDER, Jr., Proprietor,)
ANSWERS INQUIRIES CONCERNING
American Stocks and Securities.
Large Library o f Railroad Documenta.
Competent Experts.
Confidential Reports,
Moderate Charges.
Fifth
Avenue
H OTEL,
Madison Square,
NEW YORK,
The Largest, Best Appointed and Most Liberally
Managed H otel in the City, with the Most Central
and Delightful Location.
_________________HITCHCOCK. DARLING k CO.
Massasoit
House,
S P R IN G F IE L D , M ASS.
TH E BEST APPOIN TED HOU8E IN WE6TERK
NEW ENGLAND.
Convenient fo r the tourist or business man. Near
Union Depot.________________W . H . C H A P I N .
Bible
H otel,
AM STERDAM , HOLLAND.
Beautifully situated in the centre o f the city, clos
to the Railway Station and the Exchange.
First
rate cooking. Excellent wines. Moderate prices.
______________________ W . P. W ER K E R , Manager.
J o h n G. Moor e .
W . K. K it c h e n ,
Moore &
g . b . Schley
Schley,
BANKERS AND BROKERS,
26 B R O A D
STREET, NEW
YORK.
B r a n c h Of f ic e s :
72 Wall St., N. Y.
114 So, Third 8t„ Phlla.
Connected with
I. A . EVANS k Co., Boston,
Corso n & Ma c a r t n e y , Washington, D.C.
E. L. B r e w s t e r & Co., Chicago.
H u b b a r d k F a r m e r , Hartford.
Private W ire Connections.
Bay and sell Stocks, Bonds and Miscellaneous
Securities on New York Exchanges; also Grain and
Provisions on Chicago Board o f Trade,
Spencer
Trask &
Co.,
B A N K E R S <k BROKERS,
16 and 18 Broad Street, N. VAlbany, N.Y.
Providence, R I.
Saratoga.
Transact a General Banking Business.
Direct Private Wires to each office and to
PHILADELPHIA,
BOSTON,
WORCESTER. TJ
i m
m
e
t t i
1
AND
H U N T'S
MERCHANTS’
§>
W fffe ljj
M AGAZINE,
U iW ïsp a p H ,
REPRESENTING THE IN D U STR IA L AN D COMMERCIAL INTERESTS OF THE UNITED STATES
VOL. 44.
S A T U R D A Y , JU N E 11, 1887.
T h e
reaches 19*1 per cent, and outside of New York 25 "7 per cent.
For the five months the excess over last year is 9'4 per cent.
O
v lx r c tu ic lc .
________
Terms o f Subscription—Payable iu Advance :
May.
F o r One Y e a r (in clu d in g p o s t a g e )........................ ...................$ 1 0 20
F o r Six M onths
d o.
.......................................
6 10
E u rop ea n S u b scrip tion (in clu d in g p o s ta g e ).......................... 11 28
A n n u al su bscrip tion in L ou d on (in clu d in g p o s t a g e ),.. . . . £ 2 7 s.
S ix Mos.
do
do
do
.......... £ 1 8s.
T hese p rloes includ e th e I n v e s t o r s ’ S u p p l e m e n t , o f 12 0 p a g e s
Issued o n ce in t w o m onths, an d fu rn ish ed w ith o u t e x t r a o h a rg e to
su b scrib ers o f the C h r o n ic l e .
WILLIAM B. DANA ( W I L L I , v n « . D A N A & C o . , P u b lis h e r s ,
<
1 0 2 W i l l i a m S treet, N E W Y O t t K .
JOHN O. FLOYD,
■ *
P o st Of f ic e b o x 9 5 8 .
C LE ARIN G
H O U SE
New Y o r k .,
Boston...... .
Providence...
H artford........
Now H aven...
Portland.........
W orcester......
Springfield .
Lowell
Tot. N. Eng
The returns of exchanges for the week ended June 4
oover only five days at many of the more important business
oentres, on account of the holiday on Monday. Solely
in consequence of the loss of the one day’s exchanges there is
a decrease from the previous week in the aggregate for all the
cities. Outside of New York, however, a gain over last week
is exhibited. Compared with the corresponding period of
1886 (in which also only five days were included) there is an
increase in the total of 4 6 per cent, while with New York
excluded, the excess reaches 16’4 per cent.
Philadelphia.,
P ittsburg.......
B altim ore......
251,829,733
43,9«0,837
56,331,746
Tot. Middle.,
352,121,816
216,196,816 +16-5 1,291,209,260 1,129,449,949 +14-8
82,174,198 +86-6 203,952,633
160,048,162 +27-4
48,539,555 +16-1
284,134,120
246,262,735 +1Ö-4
296,910,009 +18-6 1,779,296,015 1,535,760,846 +15-9
Chicago..........
Cincinnati......
Milwaukee....
Detroit............
Indianapolis...
C leveland......
Columbus.......
“ ’e o r la ............
Omaha............
Minneapolis...
Denver............
St, Paul..........
Grand Rapids.
W ichita..........
263.482,840
60,422,450
19,013,241
16,241,162
8,434,456
13,397,821
9,251,830
4.722.102
14,077,715
14,799,290
10,790,047
19,885,552
2,115,758
8.229.103
208,613,935 +26-3
88,285,800 1-31-7
15.114,385 1-25-8,
13,022,822 1-24-7
4,559,861 1- 86-0
9,'48.889 ■40*4
7,045,922 81-3
8,074,643 +53-6
6,772,295 107-9
13,272,502 +11-5
6,956,768 +5.V1
11.803,826 + 68 5
1,643,059 -t-28'8
2,004,983 +611
449,863,427
I New York
K Bales of—
Stocks.............. shares.
C o tto n ...............hales.
79,768,575
7,170,580
27,241,677
23,439,246
39,25:i,767
6,922,119
3,407,533
2,383,403
Grain............ bushels.]
Petroleum........... bbU.
Tot. South...
189,586,900
San Francisco.
+ÍÜF
Five months, 1887.
Total New England...
Description. P a r Value
or Quantity
I Chicago__
I Cincinnati.
Milwaukee
I D e tro it.... .
I Indianapolis
I Cleveland
t Columbus
■Peoria.
I Omaha____
I Minneapolis
I Denver.
I St. Paul.........
I Grand Rapids
I W ichita.
[Duluth*
Total value
Total Western............ I 110,813,037
17,148,186
1,507.439
5,361,611
6,776,552
... I »•?**«*
Total Southern........... f
42£42,255
San Francisco.................
17,654,698 875,237.945
I Total all....................... I 915,387,089
[ Outside New Y ork......... | 347,249,935
L, F° r
Five months, 1886.
Aver’u*
Price.
$379 089825
$1717070,450
ja r estimate for the week ending June 11 based on the five
days telegraphic returns is as follows:
[ St. L ou is.........................
Joseph.......................
I =“ ew: Orleans...................
[Louisville ......................
I
Actual
Value.
. j( Sh’r’s
38,536,310
Stock
Val»e .$3405786750
Í 2010099847 59 0 j
RR. bonds... $205,491,510 $171,080,997 83-2 ‘
Gov’t bonds.
$4,277,350
$5,126,148 1199
State bonds. $11.811,700
$4,132,394 35-0
Bank stocks.
$920,150
$1,146.077 124-5
Total ... $3628287460 $2191591463 60-4
Petr’l’m.bbls 508,013,000 $332,256,766 05 4-lOe
Cotton, bal es 10,807,700 $550.941,430 $50-98
Grain... bush 825,362.642 $724,297.166 87%c.
Total Middle
I Galveston....
Norfolk
311,713,690 +31-6 1,992,567,19(1 1,099,943,905 +34-5
70,801,052 fl2 -7
364,831,082
818.822.673 +14-4
3,1)23,591 103-6
28,947,18n
17,280,347 +67*5
27,33.3,,300 —
0-8 188,919,990 172.155.462 +9-7
18,160,327 +29-1
113,432,542
95,578,669 +187
25.675,866 -t-529
163,815,375
100,638,488 +58*1
5.882,034 +17-7
45,624,325
84,939,635 +30-8
4.306.617 20-9
22,272,555
27,302,684 —18-4
2,655,070 —10-2
15,176,065
15,875,178 —1-8
158,836,857 +19-7
942,509,122
788,093,181 +19-8
Our compilation embracing operations on the various New
York exchanges now covers five months of 1887 and 1886 :
I Philadelphia...................
I Pittsburg.
I Baltimore
I
963,321,144
197,260,400
72,599,053
62,818,553 +19-2
24,622,060 441*8
46,9 78,669 +89-7
35,907,069 +23-3
14,532,500 +52*9
29,949,658 +90*0
53,863,574 (-18-8
83,065,435 +43-0
51,223,433 +63-8
7,893,674 +29-2
5,908,738 362-4
67,319,421
45,742,854 1-47-2
299,674,571
229,131,988 +80-8
Total all...... 4;299,625.921 3,610,281,542 +19-1 21,214,523,067 19,384,194,333
+0-4
Outside N. Y.| 1/08,857.53411,190,953,881 -t-25-7 7,118,544,910, 6.026,778.646
I B oston......
f Providence
I H a rtford...
New H aven..............
I Portland.............
W orcester
I Springfield
r L ow ell......
I
P.Ct.
+«•5
T ot. W est..
I
P.Ct
„
$
$
2,790,768,387 2,410,327,601 +15-8 14,095,978,157 13,857,415,687
404,786,114 316,494,791 +27-9 1,878,847,888 1,663,515,088
19.043,900
17,162,400 1- 11-0
97,385,400
88,926,000
6.630,596
6,367,383 +4-1
33,886,56.3
86,271,589
5,230,296
4,635,842 + 12-8
26,787.720
22,869,546
8,781,574
8,886,575 —2-7
18,611,036
18,294,655
3,888,651
8,441,187 +12-9
19,429,535
17,888,561
3.977.676
3,064,012 +29-8
20,618,260
16.184,309
2,598,161
2,196,271 +18-8
12,032,074
10,448,968
449,935,970 357,250,411 +25-9 2,104,498,006 1,873,848,726 + 12-8
St. L ouis.......
St. J o se p h ...
New Orleans.
Louisville......
Kansas City...
Memphis........
Galveston......
N o rfo lk .........
Í
Fit)« months.
1886.
RE TU RN S.
Week End’g May 28.
NO. 1,146
“ aontl* °* ^ a y the clearings record a decline from
13,393’ 173’ th6l0SS at New York being
W»4á,10d,078 and the gam at other cities $28,710,901. ConI rasted with June of 1886, the increase in the whole country
Returns by Telegraph.
Week Ending June 11.
1887.
1886.
P. Cent.
Week End’g June 4.
1887.
$
525,000,541
(1,086.392j
74,446,298
49,699,083
11,501,880
31,934,935
15,870,243
5.098,232
1
$
493,502,739
+6-0
(1,325,423) (-18-0)
60,405,554 +23-1
41,374,501 +20-1
9,953,098 +15-6
45,484,000 +14-2
12,346,300 +28-6
5,076,960
+0-4
P . Cent.
'
$
448,3(8,519
-3*4
(875,595) (—28-6)
83,728,574
+8-8
53.795,630
+7*3
11,431,103
—4-5
58,625,000 +20-5
14,431,772 +14-3
—0-2
5,393,787
Total, 5 days. ...
Estimated 1 day...
733,557,232
145,106,122
670,143,152
131,509,657
+9-5
+10-8
652,794,385
163,107,203
-2*1
+23.-9
Total full w eek..
Balance Country*.. .
878,663,351
95,461,017
801,652,809
77,111,518
+9-6
+23-8
815,901,643
99,463.297
+1*9
+02«
974,124,371 878,764,327
4-10-8' 915.304 945
¿sed on last week’s returns.
4-4-5
New Y ork......................
Sales of Stock (shares)...
Boston............................
Philadelphia..................
Baltimore.......................
Chicago............ .............
St. L o u i s ... ................
New Or eans.................. .
Total week, all..
T H E C H R O N IC LE .
728
[Y ol. x l t v .
not see how the Stock Exchange could have taken any
different action, it is no surprise that the measure should
A b represented by bankers’ balances, money on call has have encountered opposition. Congress has put our com
been a little easier this week. The range was between 5 merce in jeopardy through the coinage of silver dollars;
and 3 per cent, the average being only abont 4 per cent. hence any step that unnaturally forces the market,
Renewals were also made at
per cent, but banks have increasing the price and therefore the stock of silver
not reduced their rate below 5 per cent, although trust here, encourages the antagonism between the metals
Con
companies have generally loaned at 4£ per cent. Time and makes the situation peculiarly hazardous.
servative
thinkers
who
are
not
interested
in
silver
contracts for 60 days on first-class bond collateral with
ample margin have been made at 4 per cent; but for 90 mines, know that the white metal can have no future
days to 4 months 4£ per cent has been paid on prime unless the nations of Europe remonetize i t ; the tendency
collateral, and 5 to 5 { per cent on mixed security. of value must continue downwards as it falls more and
It is stated that the somewhat lower rates ruling more into discredit as currency. Now if in the mean
are in great part the result of special competition, a bank time we, through speculation, arrest in any degree this ten
recently organized having been quite liberal in its offer dency by leading the world’s silver markets, America will
ings of money on time. Commercial paper is scarce and gradually accumulate the surplus production, increase
the large auction sales of quiltings and flannels will, the output of the mines, and give the Old World
it is reported, add little to the volume of notes, for a chance to melt up and sell its currency. Of course the
the reason that payments are expected to be made with idea of the promoters of this scheme is that New York
cash. This scarcity and quite a good demand from out of can corner supply and force the merchants of London and
town institutions have caused rates to rule a shade easier of the commercial world to satisfy through us their needs
and we quote 60 to 90 day endorsed bills receivable at for Eastern markets by the purchase of bullion here.
This, it will be seen, assumes that there is no surplus pro44@5 per cent, 4 months commission house names 5 to
per cent, and good single names having from 4 to 6 duction to accumulate and gradually swamp us. And on
months to run, 5 and 6£ per cent, the first-named rate for that point Mr. Jordan claims that by the very appreciaciation of price, production will, in a way, virtually be
the Bhorter period.
In London discounts of 60 days to 3 months bank bills shortened; for London now puts upon the market every
are reported higher at 1@1£ per cent. No change has year not only the face value of India’s annual indebted
taken place in the open market rate at any of the chief ness, but additional council bills equalling the depreciation
Continental cities. The prospect seems to be favorable (for India’s current indebtedness to Great Britain is due
to a continuance of low rates, the supply of money at in gold), and thereby to that extent increases the supply
all points being liberal, and trade and speculation lan of what is a substitute of silver for mercantile remittance;
guishing. Of course the revival of business here must, if as the value of silver goes up of course this excess of
prolonged, be felt sooner or later in Europe. In fact it council bills will correspondingly lessen. Say for instance
has for some time back been evident in the export fig that six million pounds sterling represents this extra
ures of Great Britain, and to an extent in those of the supply of bills,— that is we believe, according to current
continent.
But home transactions continue so limited estimates, the amount of the increase thus caused; now
all
over
Europe
that
trade
revival
makes if we wipe out little by little the loss in the value of
slow
progress.
The
Bank of
England
gained bullion, pari passu the supply of bills is shortened until,
£179,000 bullion during the past week and we are advised when the old relation of silver to gold is restored, the
by private cable that this was made up by a receipt from whole 30 million of dollars of bills is gone and silver must
China of £14,000, by a receipt from the interior of Great take its place. Or, to state it in a different way, when the
Britain of £315,000, and by an export, chiefly to the Cape, price has fully recovered the mines can produce 30 mil
of £150,000: The total gold in all the European banks, lion dollars more bullion without disturbing the present
given in a table at the end of this article, as received by relations of demand and supply.
That is a very ingenious suggestion, yet one cannot
special cable to us, is now £205,733,970, against £203,help
calling it a big jump from 43£d per oz. to 6 Id. per oz.
063,738 the same time last year.
And
then again, even if we are able to deceive ourselves
Our foreign exchange market has tended downwards
as
to
the permanency of the rise, can we think that with
this week in consequence of a pressure of sterling drawn
no
international
agreement as to the currency value of the
against securities and loan bills recently negotiated; there
has also been a fair supply of commercial drafts agains^ white metal, and with the experience of past years fresh
spot cotton, breadstuff*, &c. On Monday afternoon, the in mind, that silver-using countries will fail to unload on
demand being insignificant, nominal rates were reduced us if they get the chance? W e have in a similar manner
half a cent per pound sterling. There was a little better very innocently furnished a capital market for India’s
inquiry on Wednesday, the arbitrage houses selling stocks wheat for several years and have paid for the experience
freely and purchasing exchange for remittance, and on by selling our own surplus subsequently at a painfully low
Thursday the tone for sterling was steadier, while Conti, figure. To be sure, there is a difference between these
nental drafts continued heavy. The selling of stocks on two commodities; the possibility of new supply differs
Wednesday was in great part due to an uneasy feeling greatly, but a surplus of silver (and there will always be
among the foreign bankers in consequence of the reports a surplus until the world begins to recoin it as of old)«
regarding the critical condition of Emperor William and even though it be smaller, would— with an old stock so
the disability of the Crown Prince. The death of the large and discredited— be far heavier than the stock of
Emperor would, it was thought, impart at least a tem wheat to carry. And yet we doubt whether there is any
porary shock to the foreign markets, and therefore need to fear a speculation in New York such as we have
bankers were inclined to realize upon their holdings. imagined and as the promoters of this scheme anticipateThe news from Berlin on the following day was more Paradoxical as it may seem, it would stand a much better
chance if we were not coining silver dollars. That little
encouraging, and the demand for sterling less urgent.
The struggle over the listing of silver certificates has operation is so suggestive of evil, and the disaster it
closed with the success of the application. While we do invites is so inevitable, according to the beliefj of all
TH E IJ N A N C IA L S IT U A T IO N .
June
11, 1887.]
T H E CH RON ICLE.
729
conservative men, that capital will not loan on these
volume of transactions was small in May 1886 in May"
certificates with any freedom at all when price has
1887 it was even .mailer, the value o i the sale, bem<t 51
been put up a point or two.
W e must for million dollars less.
®
tify our base of operations, get out of the quicksands
SALKS O F STOCKS AT THIS N E W Y O R K STO CK EXCHANGE.
on to solid rock, before we can hope to build up
1887.
1886.
much of a superstructure of the kind proposed. Mr.
Month. Number
Values.
Number
Fairchild has kindly sent us this week a statement of
Value*.
Of Shares.
Par.
\of Shares
Actual.
Par.
Actual.
the silver certificate operations as they stood on the first
$
$
of June, and we insert the statement here, as it is a good J a n . . . . 8,147,127 712,998,400 414,449,380 8,678,154 790,683,975
570,361,697
Feb___ 7,814,118 637,698,930
378,854,431
9.410,897 818.717.826 087,469,315
connection in which to see how far this evil has progressed. March. 7,147,305 646,985,850
Denomination.
$1.......................
»8.......................
»5.......................
$10.....................
$80.....................
$50.....................
$100...................
$500...................
$1,000................
Unassorted......
Issued.
$
13,232,000
8,186,000
6,780,000
92,274,000
83,506,000
12,050,000
14,140,000
13,660,000
23,490,000
Redeemed.
Balance.
$
$
118,299 30 13,113,700 70
44,093 20 8,091,906 80
10,758 50 6,709,241 50
37,853,219 00 55,020,781 00
33,330,368 00 51.175.632 00
6,790,800 00 5,259,200 00
10,374,970 00 3,765,030 00
12,962,000 00
688,000 00
22,941,000 00
549,000 00
In Treas’ y. In Circulât’n
$
64,727 13,048,973 70
89,703
8,002,203 80
898,575
0,370,860 60
309,320 54,711,481 00
3,193,440 47,989,198 00
245.050 6,014,150 00
75.700
3,689,330 00
4,500
683,600 00
14,000
536,000,00
894,149
379,092,567 10,152,078 853,773,952
608,511,278
Total 22,508,544 1,997,688,800
1,166.496,378 28,235,129 8,463,175,752 1,760,342,990
April.. 9,467,679 801,899,750
472,410,410 6,410,651 584,167,700 376,788,370
M ay... 6,500,087 603,803,800
371,187,0531 1 6,639.303 603,092,350 422,796,926
--------- - vvuumuyiuo
sum remains
unsettled, but is not an unmixed evil. It has caused the
blowing out of iron furnaces for the want of the neces
sary fuel and thus reduced the production of pig. This
in turn has caused consumption to make inroads on
stocks, and thus given a firmer tone to the iron market.
Just at the moment, however, there is a little uneasiness
Total...........
• vw M .... . . . «vi,flvotW
v 122,825,508uv
267,268,000
00 144,432,492 uu
00 C
5,289,164
Deduct for unknown denominations, on hand unassorted.
on reports that iron workers contemplate asking an
Total.
'139,143,328 00 advance in wages.
The coal trade is in a fairly satisfactory
state.
Bituminous
is in excellent demand, while
It will be remembered that we published on April
anthracite
is
meeting
with
a
much better inquiry.
9 a similar statement up to April 1st. Lately the
Crop
prospects
continue
quite good.
W e give our
appropriation for small silver certificates has run
Bhort so we may suppose that the two months’ cotton acreage report in full on another page according to
issues of those denominations have not equaled the de which it appears that though the crop can hardly be called
mand. As it is, however, the amount of ones, twos and an early one, yet it is earlier than a year ago, while
fives outstanding June first was $27,421,844, against $21,- acreage is larger and the condition as a whole better than
958,980 on April first, an increase of about 5£ million for several years past. W e also have the 1st of June
dollars.
report of the Agricultural Bureau at Washington with
regard
to the condition of cereals, and wegivi the details
The industrial outlook remains unchanged. As before
in
another
part of the paper. It will be seen that pros
noted, there is a large volume of business in progress, but
the feeling in many lines still continues more or less pects as a rule are favorable. Winter wheat of course is
unsettled. The activity of railroad construction serves to not up te its condition a year ago, but the general average
stimulate demand in various branches of industry, while the 1st of June was only a trifle lower than on the 1st of
the speculation in land, particularly in the more remote May— that is there has been no further important decline.
sections of the country, also operates in the same direc- W e give below the figures showing the averages in each
tion. The large immigration movement is another factor State during the last three months of this and previous
of a similar kind. Hence it is that while reports of the years. It should be understood that only winter wheat is
As concerns the spring
general condition of trade are not wholly satisfactory, yet embraced in this statement.
consumption continues very large. It is to be noted that variety, the outlook is promising, though the average of
Corn is not covered in
accounts from the West are better than from the East condition is lower than in 1886.
and also that confidence in the strength of the situation the present report, but really affords a better promise than
is most marked there. W e have prepared our table of any other of the cereals.
bank clearings for the month of May, showing an increase
1886.
1885.
1884.
of over 689 million dollars in the total of the whole country
April May June April May June
over the same month last year, the ratio of increase being
May June
94
97
95
74
59
56
85
89
19*1 Per cent- Outside of New York the percentage of
97
98
96
78
70
63
85
94
86
92
90
62
gain is still heavier, reaching 25-7 per cent. In the latter
42
40
70
87
94
101
100
78
60
52
94
00
case the comparison is very much better than in any pre
63
07
66
60
62
56
103
103
93
91
90
96
100
94
85
ceding month this year, as maybe seen from the following
91
100 101
93
90
78
58
95
93
table in our usual form.
101
101
100
102
101
88
101
98
99
102
100
96
87
MONTHLY CLEARINGS.
Month.
Clearings, Total All.
1887.
$
J an uary.... 4,370,822,848
February... 3,095,294,565
March......... 4,335,761,645
T otal........ 12,401379,053
April........... 4,513,018,093
May............. 4,299,625,921
Clearings Outside New York.
1886.
P.Ot.
1887.
1880.
P .C t.
$
$
$
4,148,139,849 +5-Ö 1,408,136,783 1,267,610,954 +11-1
3,848,019/32 —4-0 1,222,010,794 1,102,511,291 +10-8
4,172,440,549 +8-9 1,499,393,166 1,267,364,107 +18-3
12,163,599,430 +2-0 4,129,540,743 3,637,486,352 +13-5
3,610,313361 +-25-0 1,480,146333 1,189,338,413 -t-24'5
3,610,281,542 +19-1 1,508,857,534 1,199,953,881 +25'7
—
loiiows ox course a
similar large addition the previous year, but what makes
it especially noteworthy is that it occurs in the face of a
falling off in the clearings arising out of stock transac
tions. A s afl know, the New York Stock Exchange is
experiencing a very quiet time. The evidence of this is
found m the suspired etatenrn*, showing that while the
A y . whole
country. J 88*1 J 85*8
96
95
102
101
101
90
98
95
101
96
97
73
94
81
48
59
55
93
95
80
57
07
53
100
91
07
48
74
50
100
92*1 94-9
92-7
70
70
62
100
97
98
98
100
99
97
100
99
100
97
102
98
—
----- •£
94
96
is apparent at the moment. Returns of earnings continue
wonderfully good, our statement for the month of May
showing an increase of over 3£ million dollars, or 154
per cent. For the fourth week of the month, the exhibit is
even better than this, the gain on 61 roads reaching over
29 per cent, though this is qualified by the fact that
Southern roads a year ago had their earnings reduced by
the preparations then making for a change of gauge on
the 1st of June. In our article on earnings we call atten
tion to the prominence in this upward movement of earn-
[YOL X L IV .
T H E C H R O N IC LE .
730
the New Y o rk Clearing House banks o f gold and curings that must be assigned to the activity o f railroad con rency for the week covered by the bank statement to be
struction, and as bearing upon the future this featureio
issued to d a y . __________________
t h e situation ought to be carefully borne in mind,
h or
the present, however, this and the concurrent activity
o f general business gives the railroad situation a very
bright aspect. Evidence o f this is furnished not only in
t h e good returns^of earnings, but also in the number o {
roads that are resuming or beginning to pay d m den s.
W e referred last week to the declaration of a dividend
y e t Change in
Into Banks. Out of Banks. Bank Holdings.
Week ending-June 10,1887.
Banks’ interior Movement, as above! $1,501,000
Sub-Treasury operations..................I__ 5,500,000
Total gold and legal tenders ... 1 $7,001,000
1806,000 IGain..... $695,000
5,800,000 ¡Gain.... 300,000
IG ain... $893,000
16,106,000
_______________
The Bank of England gained £179,000 bullion for
the week.
This represents £315,000 drawn from the
interior of Great Britain, and £136,000 net sent abroad.
The Bank o f France shows an increase of 1,075,000
francs gold and of 2,100,000 francs silver. The Bank of
Germany since the last report has gained 8,500,000 marks.
The follow ing indicates the amount o f bullion in the prin
cipal European banks this week and at the corresponding
on Denver & B io Grande preferred stock. Tms week
dividends have been declared on Richmond & Danville
stock and on Richmond & W est Point Terminal preferred
shares, while a dividend on East Tennessee 1st preferred
is also looked for after the 1st of J uly. The latter will be
an annual dividend, and its rate, according to repor ,
4 per cent. This is worthy o f note in view of the fact date last year.
that the 1st preferred stock elects a majority of the board
o f directors for five years (till 1891), “ unless before that
“ time the said company should pay out o f its net earn“ ings 5 per cent dividends on such preferred stock for
“ two full successive years.” W estern U nion Telegraph
has also resumed, having declared a quarterly dividend of
June 10,1886.
June 9,1837.
Banks of
Gold.
Silver.
Total.
Gold.
Silver.
Total.
£
£
£
£
20,278,250
23,740,178 20,273,250
England.........
93,108,792 55,499,494 15,203,994 100,703,488
France...........
40.673.000 18,916,760 16,775,240 33.692.000
Germany* . . ..
6.381.000 13,349,000 19.780.000
20.914.000
A ust.-H ung’y
6.391.000 8.165.000 14.456.000
13.829.000
Netherlands..
2.503.000 1.351.000 3.753.000
3.850.000
Nat. Belgium*
7.215.000 1.241.000 8.456.000
8.119.000
National Italy
205,733,970 117,078,504 85,985,234 203,063,738
114,718,894
91,015,076
Tot. this week
204,737,083 116,633,146 '86,020,498)202,653,644
Tot. prev.w’k. ' 114,060,356190,676,837
£
£
03,740,178
47,055,766
48,053,036
21,556,690 19,116,310
6.753.000 14,161,000
5.048.000 8.381.000
2.567.000 1.283.000
7.001.000 1.118.000
one per cent.
The stock market has been dull, and until yesterday
rather inclined to weakness. W ith earnings large, crop
T h e d iv isio n (b e tw e e n gold^and sUver) R iven in
“m
prospects good, and many new dividends being announced,
b u llio n In th e Bpnlc o f G e rm a n y an d th e B an k o t « e i in
im e(U o b0
it is rather surprising that prices should not advance. the best e s t i m ^ w e are aide to outain, m n e i t h e r ^ a s e ^ * eek]y report.
s ilv er; b u t w e b e liev e th e division
However, it is merely another evidence that the outside S ? r % ao r &
public is not present in the market to any extent. It also W§ . o i f . - w “ S r i ™ ‘“ ¿ ‘r r e s a l g
arS S l
i ® » t veP „ ™ a i i =
shows that no organized effort is being made to effect a
The Assay Office paid $134,489 through the Sub-Treas
rise, trading being left to the professionals who scalp for
fractions, first on one side and then the other.; It is claimed ury during the week for domestic bullion and the Assistant
*
°
n
¿1
n ..«
XT a h a ¿a
that the large operators are deterred from taking o
C onsisting o f —
for an advance by the fear that the Treasury withdrawals
Silver Cer
Duties.
Gold/
o f funds may later on affect the rates for money, and pos D ate.
tr. 8.
Gold.
tificates.
C e r tifie s ,
N otes.
sibly this is true, but it may be in order to suggest also that
$31,000
$
3
2
0
,0
0
0
$
4
8
,0
0
0
$ 1 ,5 0 0
$ 3 9 8 ,6 1 9 4 1
perhaps these large operators are not altogether assured J u n e 3 .
30,000
8 1 ,0 0 0
3 6 ,0 0 0
1 ,0 0 0
1 5 1 ,5 5 6 16
«
4
.
87.000
yet of the satisfactory working of the Inter-State law. The
2 9 4 .0 0 0
8 3 .0 0 0
2 4 .0 0 0
4 8 9 ,4 4 2 33
«
6.
78.000
5 5 7 .0 0 0
132 ,00 0
2 7 .0 0 0
higher class of properties, like Northwest and Lake Shore,
7 9 6 ,0 6 0 37
“
7,
52.000
1 94 .00 0
4 9 .0 0 0
4 .0 0 0
2 9 9 ,4 5 9 37
“
8
.
still hold up better than any others, which is an encouraging
40,000
1 6 9 .0 0 0
4 6 .0 0 0
3 .0 0 0
2 1 8 ,1 2 0 4 2
“
9.
feature. St. Paul was unfavorably affected early in the week
»318,000
$
1
,6
1
9
,0
0
0
*
3
9
4
.0
0
0
$ 6 0 ,5 0 0
T o ta l. $ 2 ,3 8 3 ,2 5 8 09
b y the announcement o f a proposed increase in the stock to
the amount of ten million dollars. Perhaps it was the m an
ner of the announcement that occasioned distrust. Cer
tainly there is nothing in the issue itself that should cause
uneasiness. Three millions is wanted for the purchase of
the Chicago & Evanston, having valuable terminal rights
in Chicago, and the rest to provide for a connection with
the Gogebic iron regions, and for making extensions into
Nebraska. N o one will deny that it strengthens the posi.
tion of the property to supply a part o f the means for
new capital expenditures by the issue of stock, instead o f
TH E
F A IL U R E
OF TH E V IR G IN IA
CONFEREN CE.
DEBT
W e are not among those who look upon the failure of
the V irginia bondholders and the Legislative Committee
o f the State to find a common basis on which to effect a
compromise, as suggesting a fruitless effort. The con
ference has terminated, the Legislature has adjourne ,
and the foreign representatives have returned home.
Nevertheless the effort marks a distinct step forward,
even though it has yielded no immediate results. It is
relying entirely upon the issue o f bonds. Y e t if a new
the first time in a great many years that the State has
bond issue had been announced, the market in all prob
shown a disposition to meet the bondholders in a concilia
ability would have taken no notice of the matter.
tory mood, the first time that it has offered them anything
The follow ing statement made up from returns collected
but the terms of the Riddleberger scheme, the first time
by us shows the week’s receipts and shipments of currency
that is has treated them as if they were entitled to be
and gold by the New Y o r k banks.
consulted about a matter affecting so vitally their financial
N et Interior
interests. The bondholders on their part have received
Shipped by
Received by
Week ending June 10, 1887.
Movement.
N. Y. Banks. N . Y. Banks.
proof of the State’s good intentions, have been brought w
$806,000 Gain.. $589,000
$1,395,000
contact with her people and been given an opportunity o
Gain..
106,000
106,000
determine
for themselves (through
their representatives)
$806,000 Gain.. $695,000 U
$1,501,000
O M U m iu o i v i ---------------- — \-----<’
- .
«
Total gold and legal tenders......
the financial condition of the commonwealth, its resourc
ln e a Dove snows tno
-------and taxes, and extent of ability to pay interest. A ll this
ings o f gold and currency caused by this m&vement to and
we aré confident will not go for naught, but on the con
from the interior. In addition to that movement the banks
trary should pave the way for a settlement later on.
have gained $200,000 through the operations of the SubIt must not be forgotten either that though the con e
Treasury.
A dd ing that item to the above, we have
ence may have accomplished nothing substantial o
the following, which should indicate the total gain to
I
J une 11, 1887.
----- :----:--------------------
THE C
N IC LE
: -H
—R O--------—.
definite, it has yet resulted in giving us the proposals o f I to pay
73X
A nd thi'p
j
.
the two parties, which we are thus able to place side by to ^ considered
p ,.“ " t “ “ * “ tbe proble“ th» ‘ « » '
side and examine and contrast. Though the difference on committee
' , , om the actIon *>i the Legislative
which the conference separated is in some respects radical
- o f vital importance certainly to the S t a t e -y e t we are
surprised to find so close an agreement on essential points
influence o f f t j T e l
! ‘ Z i “ " “ 8 d ™ r?gard t0 ‘ b»
were deemed unsafe t T V
^ ‘ mportaot “ “ “ » io n s
This beinu Z
i
.
The foreign committee, represented by Sir Edward Therm renewing the bon ! Z f T
n
W° cannot heIP
ton and Mr. S. N. Braiihwaite, o f London, acted chiefly on report to the bondh 1 T 6n the forelK“ representatives
behalf o f the holders o f consols and 10 40s, which indeed another bondh° !dera- a means will be found fo r
comprise the bulk o f Virginia’s debt. A s we understand I t h i n e t • , P & a! justment, Neither side has anyit, both the State and the bondholders agree in proposing So long asTt
K
a
t
e
P‘'eSent S U ‘ e ° f th i“ « 9'
to reduce the principal of the consols to 75 per cent but the whil« H a ! ♦
th bondholders cari7 a dead investment,
bondholders ask for three per cent interest on the^'origins * ^ “ “ SUte ° 0nli° a88 10
in credit and prestige,
amount of debt, while the State is willing to pay only
n n n r r-yr 7 ^
three per cent on the reduced amount. So in the case or
IS L A N D A N D T H E E F F E C T S OF
the ten-forties. Both sides accept 63 per cent as the
Th
f ,
C O M P E T IT IO N
basis of conversion, and both agree upon 24 per cent as
th® 0 hlcag ° « o c k Island & Pacific for
the rate of interest, but the bondholders want that rate on
• Mar°h 31’ JU^ issued>afM s when properly
the par of the debt, while the State proposes to pay only
! ,&
h “ t6I'preted muoh interesting evidence conon the amount as scaled. There is also one other point of » a w “ * h° f * r‘ cter and nature of the influences at work
difference, and that is as regards the payment of the p a s t c o u n t r v Z Z hZ •
and result3 *“ tile motion of
due coupons. These on both classes of debt the bond " Z
.
raiU'° ad system d™ ” 9- Such an in.
holders would fund at 75 cents, but the State offers to bec ° ‘ “ Z “
^
°f .tMs r0ad is esPMia % desirable .
fond at only 50 cents on the dollar. This, however, we furnish th« “ ““ i " “ 7 , 18 ° “ e of the ve>7 few which’
consider a minor difference, « .d o n e which could be easily Ltudv of th«\„h
Z
neoes8ar7 *° “
intelUgent
overcome were the other points in dispute settled. Under th« L ? . . h . n
’ eaablm8 009 t0 ‘ race effects back to
the Riddleberger plan, the coupons "were to be f unded*
C Z ^ s W ‘’
100 per cent, but the principal o f the consols, instead of to say t h i s ! ! ?
T ™ “ & pr° SP9rous > 7 »^ * , a^
being exchanged at 75 per cent as now proposed, was to be well ‘^ n J e d
^ V
? r° Um8ta“ ce9 is to “ 7 that it i*
converted at only 53 per cent, while the 10-40« were to K i
road has Pald regular 7 per cent
be funded at 60 per cent instead of 63 per cent as now.
W e thus see that the disagreement between the bondholders and the State concerns chiefly the annual amount
o f interest to be paid— a point o f vital importance as
iJ o T '
^
’ °
th a t-
8
d^ “ ®d iu 1880 b* the declaration o f a.
*vidend. Y e t it must be admitted
^
v satisfact^ a* they were, and
^
aV6 beea 8 rowinS less satisfactory
°C
already said, to the State, for the “d i Z l c X w Z ’the Z l Z Z t T 8
™ S WiU aPP6ar Wh“ We say tba‘
lsrger and the smaller sum counts as a considerable item
a
,” 8
Z 6 revivaI
oI business
activity,
where the revenue is limited as in Virginia. In a verv fh „
^ late year fall much below
interesting circular just issued by Messrs. Thos Branch & lu
,
u
V™ vions ^ a rs, while the surplus above
Co., of Richmond, Va., calculations are made as to the effect I
7ears‘ charges and dividends has been cut down to
on principal and interest under bo,h the bondholder!’
plan and the State’s plan. The firm estimates that under I Z J
the bondholders’ proposal the 24 millions o f debt and E w
| coupons would be reduced to $17,160,000, and under the
Slates plan to $16,160,000.
But interest in the one
case would be $655,000 per annum, while in the other
case it would be only $462,750, or $192,250 less
The
question is, could the State afford to pay this' additional amount.
W e may suppose t i l ¿he bond
I holders committee fully assured themselves on that
I p n n t , otherwise they would not have insisted on the
B a t : bil9 this « » 7
Gross
Net
Interest,
Earnings Earnings.\R'nVls,&c Dividends' 8urt>lus.
determine the matter from the S
I tn°t v ° euS Stan<3p° mt’ the legislative committee had i l i ? - '
I to a e other things into consideration— political expel th Z f,
T * *
W lth th6m “ ~
what is E l :
I the State able to pay, but also what will the political
«
3,256,684
3,543,284
3,711,741
3,349,365
3,511,357
4,329,961
5,265,116
5,32o|752Ì
5,943,781
I
7,183,574
7,309,613
7,366,908
7,854,567
7,895,8709,409,833
11,061,663
11,956,908
13,266,643
12,189,903
12,585)5141 5)237)513
1886-87,, 112,319.049
day all0W il t0 pay? 18 should be remem
H en ««1 r UZ WSS ‘ ° be a C0mpl9te “ h i final settlement.
I Hence it behooved the legislator to make sure that the
, f !
t^
^
oba‘ « 98 are
year wa8 onl7 $1,795,350, as
o f K - 8 U „ 2 4 0 _ s o that there is but
a !d tU s Z k e 'in
T
Pr0fll:S and the »‘ »^ b o ld e rs,
Z d Z 1^
re,d “ <stl<" 1 “ ‘ be margin above diviZ t "
Y 1“ ” 8 ' Before attempting to set out
^ ' e
Z
be in‘ eresti" g to measure in
, ! S" ? tbe extept o i ‘ be change. Accordingly, we
° f a» “ al « “ Its & r c a | of
—
W 8'
I larger figure for it would be folly to seek to impose a ~
I burden which the State cannot bear.
'
« ,
V T
$
754,125
755.000
786.000
855.000
1,167,325
1.133,58o
1,213,147
l)27l)837
1,402,911
$
$
1,659,172
843,387
1,678,3841 1,109,900
1.678.384 41,213,081
2,097,9801 396 885
1.078.384
605,648
1,997,0811 1,199,300
2'72 7’88 71 1 ’ 397’ttoB
2 II37’ÌH6 l ’no t fisi
ì ’481 256 l ’^
’ìsoi
’Z f '^ 43
«
d ì i l l l 1 1 1 «M
^ O i l l p l Ì ’ toM
" .» » I
1S S " £ s S S S f 1
I best peep e of the State we are sure believe in paying
- ■
, 966,551
50,000 1,128,672
490.000 §2,285,689
650.000 2.215.000
560.000 1.300.000
470.000 1.200.000
330.000
750.000
310.000
463.000
230.000
I“ 1” M >“ “ « 8 rears,
received $705,672 cash assets from the o K o m p a n y .
Ithe'DoUs6 ’ h
T
ltWaS’ be raM ed by the voters at
I b v th e .l
9 might make an arrangement now which
y he election next fall would be completely upset. The
Land Spent fo r
Receipts improve
ments.
8 ° f 6tocl£>
1 bus gross earnings, notwithstanding a recovery in the
ate year, stood at only $12,319,049, while in 1881-2 the
total was $13.266,643. N et is considerably more than a
how 7 0 a,rl,° f 1116 debt’ Pn “ cipal and interest, no matter $5 943 i Z Z - f n Z c am0UDt f0r 18S1' 2’ which was
, 43,781, while the figure now is but $4,814,240. A s
how great the sacrifice might be. But there is a large
or t
surplus, that when made up independent o f the
C b M y * • * > ^ 0 are not at fll
1governed by a sense o f h o 'n o i w h : i T f a c T w b a m 'e ‘ * 1 ^
* £ “ P ° " ly $81’ 704
ag a »B t
[YOU XLTV.
T H E ¿C H R O N IC LE .
732
low figure of 1*01 cent. Even in the late year there was
even heavier amounts in some of the years preceding. In
a fall of six hundredths of a cent, demonstrating that the
fact, the surplus is smaller than in any other of the four
gain in earnings in that year was made in the face of that
teen years given. The further diminution in the late year
fact. In 1870-1 the average per ton per mile was 2-64
in the face of the partial recovery in earnings, may per
cents, and even in 1873-4 it was above two cents; now
haps occasion surprise, but can be easily explained. In part,
it is down, as said, almost to one cent. Of course, in
it is due to some increase in the charge for interest
some small measure the decline may be due to a greater
on account of the collateral trust bonds issued to
proportion of low-class freight, but in the main it is the
build the Chicago Kansas & Nebraska (Rock Island exten
result of an absolute reduction in the rates of transpor
sion), which apparentlyis not yet in position itself to meet
the charge.
But the main reason for the smaller surplus tation.
Pursuing our investigation a step further, we dis
is, that the gain in gross was not followed by a gain in the
cover that while the Rock Island has maintained and
net, the latter indeed having slightly fallen off.
This de.
even increased the total volume of its traffic, a very
crease in net in turn is the result of heavy expenditures
important change has taken place in the composition and
for betterments and renewals. W hat a liberal policy has
character of the same. The Rock Island of course, like
been pursued in this latter respect may be judged from the
all other roads, has encountered very active competition,
fact that as against 389,407 new cross ties used in 1886,
with the effect of cutting down certain items of traffic.
the number in 1887 was 627,409, involving an increase in
The changes, however, and their extent, are certainly sur
cost of nearly $65,000,while 7,808 gross tons of steel were
prising. W e have been at some trouble to prepare from
laid in the track in 1886-7, against 3,349 tons in the
the present and previous reports the following statement
previous year, the cost being $250,137, against $97,925.
showing the principal items of the company’s freight
In fact $251,048 of the $337,916 total increase in expen
moved in each of the last seven years. As said above the
ditures is found under the head of renewals of rails and
Rock Island is one of the very few companies that furnish
of ties, repairs of roadway and track, of fences, crossings
such information.
It should be understood that the
tmd signs, and of bridges, culverts and cattle guards, the
figures are based on substantially the same number of
aggregate of these five items standing at $1,495,536 in
miles of road in all the years, the operations of the new
1887, and at $1,244,488 in 1886. W e also find it stated
Chicago Kansas & Texas not being brought into the Rock
that 57 box freight cars, of 24,000 lbs. capacity, were sold
Island’s accounts. W e have separated the items selected
during the year, and replaced by an equal number having
so as to bring together under separate heads the classes
40,000 lbs capacity, and the excess of cost charged to car
of traffic moved mainly eastward, and those moved
repairs.
But if this gives us the reason for the decreased results mainly westward.
o f the late year, it does not explain the still greater and
much more important decrease of the earlier years
W hat accounts for that? W h y have earnings fallen off
so largely? Has competition become so active, and the
additional lines so many, as to diminish the volume of tbe
company’s traffic? That has not been the experience of
other roads. Has it been that of the Rock Island? Let
the following table answer, showing passenger and freight
Mainly Eastw’dJ 1886-87
W heat............ .
Corn................
Oats.................
Harley.............
F lou r..............
Mill stuffs......
H a y.................
Cattle..............
traffic, earnings and rates.
Miles
* Tons
Fiscal Tear. operat Carried
ed end One Mile.
of year
Average
Average
Passengers
per
Amount Carried Amount per ton
Received One Mile. Received per mile. passenger
permite
7
$
500 151,864,51« 4,028,271
1370-71..
612 168.764.688 1,218,871
1871-72..
674 219,394,00' 4,597,982
1872-73........
674 249,523,401 5,008,001
1873- 74........
.674 287,913,578 5,292,412
1874- 75........
609 288,525,696 5,121,556
1875-76........
1876- 77........ 1,003 337.135.688 5,858,779
1877-78........ 1,008 370.436,382 5,575,733
1,231 510,859,804 8,929,926
187870.................
1879-80........ 1,811 686,458,951 8,085,165
1880-81........ 1,353 746,573,661 8,680,480
1881-88........ 1.381 788,466,874 9,687,097
1.381 701,595,385 7,928,286
1882-88 ...... .JOT
1883-84........ 1.884 764,476,214 8,056,816
1884-85........ 1,384 811,155,628 8,144,142
1885-86........ 1,881 761,849,872 7,713,650
1886-87........ 1.884 '827,878,538 8,087,452
«
44,609,479 1,713,123
88,580,595 1,394,140
42,882,171 1,521.790
49,186,817 1,669,570
54,804,212 1,676.460
59.393.515 1,763,900
68.659.516 2,023,6^4
62,098,473 1,846,654
62,811,574 1,868,027
82,610,000 2.818,452
93,769,305 2,500,135
113,894,522 2,853,331
183,184,280 3,883,069
128,819,160 3,813,448
122,618,235 3,023,884
129,208,404 3,127,257
133,091,642 8,097,916
Cents.
264
2*40
2*20
207
l*o2
1*91
1*66
1-56
1*43
1*21
1*22
1*28
1*17
1*10
1-04
1*07
1*01
Gents
3*84
8-61
8-59
8-39
8-06
2*97
2*94
2*97
2*07
2*80
206
250
2-50
2 57
2*46
2*42
2-38
* Includes freight carried fo r company’s use, fo r which nothing is
charged, and which, therefore, adds nothing to the receipts,
t Including all receipts from passenger trains.
Here we have a repetition of the old story— an expand,
ing volume of traffic, but a steadily declining rate.
The freight tonnage is larger than ever before, and the
passenger mileage has only once been exceeded, and then
only a trifle. Y et the earnings from freight in 1886-7
are $1,649,645 lower than in 1881-2, when the tonnage
was over 39 millions tons less than now, while the passen
ger earnings are $235,153 lower than in 1882—3. In the
interval, however, the average per passenger per mile has
fallen from 2*50 cents to 2*33 cents, and the average per
ton of freight from 1*28 cents to 1*01 cents. To show
how steadily and largely rates have declined, we need
only say that in the 17 years covered by the above
table, there are only three that fail to show a decrease in
the average per ton per mile, which now stands at the
H or s . . . . . . . . . .
B eef and p ork ..
Sand and gravel
Brick................ .
Drain tiles, &o..
Ore and bullion
1885 86. 1884-85. 1883-84
Tons.
Tons.
Tons.
2bns.
74,608 123,603 113,962
117,465
299,698 893,148 392,104 418,668
171,542 189,964 187,733 173,511
26,475
27.206
34,555
: 89,820
109,015 142,414 189,852 144,203
25,663
85,959
80,834
32,231
8,797
14,887
88,854
42.599
122,056 131,012 144,884 164,764!
166,109 155.633 127,877 111,687
80,207
41,175
31,794
as,261
63,542
96,123
101,816 168,165
24,740
24,372
20,885
68,989
27,226
29,158
26,734
16,0091
26,607
29,616
52,737
Mainly Westw'd
M erchandise... 467,726
Lumber ,lath,&c 397,566
Stone .............. , 115,206
64,024
Lim e & cem ent.
Coal(soft&hard) 803,190
Iron (all kinds). 290,290
99,128
Railroad ties....
59,448
+Agrc’llmplm’ts
43,579
Sugar & syrup..
48,936
Salt.....................
41,881
Oil......................
26,805
F ruit..................
4,180,109
¿Grand total.
429,217
413,806
101.720
57,221
705,205
208,819
56,468
51,324
44,022
86,129
46,657
31,809
439,681
408,966
164,461
60,471
772,630
244,824
46,094
51,764
51.824
40,053
46,400
21)618
486,525
402,592
172,101
39,041
591,309
189,457
48,591
51,905
53,668
31,986
88,697
15,889
1882-83. 1881-82. 188081.
Tons.
Tons.
Tons.
94,587
62,321
119,193
340,082 641,166 693,788
87,181 124,853
108,987
25.638
15,086
18,971
23,841
43,950
136,048
15,132
23,658
21,780
9,646
10,769
9,074
181,577 150,150 186,555
120,423 144,838 178,348
16,326
17,606
27.574
41,063
01,016
104,608
23,272
19,171
14.157
44,513
57,864
21,878
581,059
390,236
150,098
42,243
521,410
214,930
78,257
4d,770
24,608
32,563
20,496
17,090
624,914 482,867
470,701 366,248
128,466 112,963
81,028
50,922
563,842 489,345
218,809 151,105
73,730
87,938
22,652
37,545
81,742
32,264
19,508
25,575
11,442
9,107
3.754.53213,376,28
8,873,605 3,980,502 3,618,141 8,454,888
t Including vehicles and machinery,
1Not stated.
+ Including all other Items,
The changes are both striking and important. It is on
agricultural products of course that competition is most
active, and here the effects are very marked. The figuies
plainly show that the Rock Island has had to yield a large
part of its traffic of that class to new competitors. In no
item is the loss so conspicuous as in the case of corn. In
1880-1 the road’s tonnage of that cereal was 698,783 tonsi
and in 1881-2 641,166 tons ; in 1886-7 it was only 299,698
— a loss of nearly 400,000 tons in this item. The amount
is smaller even than in 1882-3, following the total failure
of all crops in 1881. It will be said that the yield of corn
in the late season also was rather unfavorable, which is true,
but this circumstance could have counted in only a small
part of the Rock Island’s year, which ends March 31.
Even on the basis of the previous year’s total however,
there is a falling off of as much as 300,000 tons. In
case of wheat and flour, owing to the connections afforded
by the Minneapolis & St. Louis and the Burlington Cedar
Rapids & Northern, and also no doubt to the extension
of spring-wheat production in that section, the Roc
June
11, 1887.]
THE
C H R O N IC LE .
733
Island managed to increase its traffic till 1884-5, but in is all the time being increased, but on the other hand the
the last, two years the multiplication of rival lines to St. range of territory is likewise being extended. The Rock
Paul and Minneapolis has been such that even in these Island for instance, through the Chicago Kansas & W est
items of traffic, a considerable falling off has occurred ;— ern, has already entered both Kansas and Nebraska, and
thus only 109,000 tons of flour were carried in the late will endeavor to cover sections still more remote.
year, against nearly 190,000 in 1884 5. In other cereals
the changes are not so striking, some indeed showing slight
R A I L R O A D E A R N IN G S I N M A Y .
gains. Of cattle, the tonnage in 1886-7 was 122,056 tons,
The May statement of earnings is of the same favora
against 164,764 tons in 1883 4. The movement of hogs
ble character as its predecessors. Owing to the early date
has been increasing in recent years, nevertheless the total
at which the exhibit is prepared, the number of roads
o f 1886-7 is 12,000 tons below that of 1880-1. In short,
included is somewhat smaller than in the months imme in the products of the farm and the ranch— for which com
diately preceding, but the amount of increase is larger
petition is naturally most active— there has in general
even than for April, reaching over
million dollars. How
been a marked decline.
this compares with the best of previous months may
On the other hand, in the case of those articles which
be judged from the fact that for April on 106 roads
mark the growth of manufactures and general industries
(for May the number of roads reporting is 102) the
and the development of the country, there has been a very
increase was $3,398,657, for March on 111 roads it was
striking increase. Take coal for instance. The tonnage
$4,184,370, and for January on 97 roads it was $3,828,o f this stood at only 489,345 tons in 1880-1; now it
885. The ratio of increase for May is 15$ per cent. Of
stands at 803,190 tons. Sand and gravel has increased
course there has been some increase in mileage the numfrom 41,063 tons to 194,816 tons, brick from 23,272 tons
ber of miles this year standing at 60,065, against 57,154
to 68,989, iron from 151,105 to 290,299 tons. In this
last year, but the increase here is only about 5 per cent.
latter item, and that of railroad ties, we have a means also
The following is a recapitulation of the results for each
of gauging the part played by new railroad building in
of the last five months.
present results. Of the 290,299 tons of iron transported
Mileage.
Earnings.
in 1886-7, 196,852 tons were classed as pig and railroad
Increase or
Period.
Decrease.
1887.
1886.
1887.
iron, and this total of 290,299 tons compares with only
1886.
Miles.
*
t
t
208,819 tons the previous year. Of railroad ties, 99,128 tons January (97 roads).. Miles.
56,127
53,592
22,199,905 18,871,020 In c. 3,828,885
were carried in 1886-7, against 56,468 tons in 1885-6, and February (101 roads) 55,990
52,980
20,762,296 19,025,570 Ino. 1,736,726
March (111 roads). .
61,901
58,864
28,781,619 24,597,249 Inc. 4,184,870
46,094 tons in 1884-5. It will be seen that the amount April (106 roads) .... 60,607
57,481
26,038,442 22,689,785 Inc. 3,398,657
May
(102
roads)........
60,065
57,154
26,132,332 22,594,5311 Inc. 3,587,801
is larger even than in the previous era of active railroad
building— 87,938 tons in 1881—2.
There are various
Not only however is the increase very large, but only
other items of traffic which have changed more or less, but 10 of the 102 roads report a decrease, the decrease being
it is unnecessary to refer to them. As regards the decline moreover insigni6cant and unimportant, except in two or
in merchandise as compared with 1881-2 and 1882-3, three instances. Such a favorable result was not looked
that it should be understood is more apparent than real, for when the Inter-State law was passed, and it therefore
as a number of small items which were formerly included becomes an important question how to account for the
under that general head, are now separately stated.
heavy and general gains. What were the favoring
The effect of the changes in the company’s traffic is influences the present year, and is the compari
seen in still another way. The movement has been so son with full figures in 1886?
Taking the latter
altered that instead of there being an excess of east-bound point first, it is undoubtedly true that results a
freight, there is now a large excess of west-bound year ago were reduced by the adverse conditions prevail
freight. Thus in 1886-7 the number of loaded cars ing. The grain movement then was quite small, but the
moved
eastward, though
greater
than
in
the most serious matter was the disturbances and inter
years immediately preceding, was less than in 1879-80; on ruptions occasioned by the strike for eight hours as a
the other hand the number of cars moved westward day s labor on the 1st of May, and also by the preparations
increased over 60 per cent, so that while in 1879-80 the for a change of gauge on Southern roads, this latter
eastward movement was 160,064 cars and the westward having for the moment been quite a serious drawback to
134,354 cars, in 1886-7 the former was only 153,124 the roads affected. The result was that on many individu
cars, and the westward movement 210,275 cars. The al roads we had diminished earnings, following in some
following shows the changes from year to year.
cases too a diminution in 1885.
Still, taking the
LOADED CARS MOVED.
roads as a whole, results were better than expected, the
63 roads then included in our exhibit showing a gain of
Fiscal Tear.
Eastward.
Westward.
Total.
$652,647,
or about 4 per cent. The significance of thin
110,771
100,344
211,115
1878-79...................
............................
105,920
242,982
1879 «0............
..................................
134,854
294,418 improvement was diminished by the fact that in the same
1880-81................... ..................................
186,003
293,794
1881-89..............
.......! ..........................
178,543
337,871 month of 1885, 56 roads had shown a decrease of $1,298,*
1888-83..............
......................................
153,846
277,396
....................................
1883-84 ..............
293,968 837, so that the comparison was with reduced totals.
1884-85.........
....................................
In
169,905
316.199
1885-86.........
.......... .............................
174,621
312,733 all the years preceding 1885,' however, May earnings were
1886-87........
...........................................
153)124
210,275
The significance of these results lies in the evidence very good, the gain in some of the earlier years having
they afford that crops are a very much smaller factor in been very heavy, as may be seen from the following table.
the road’s business than formerly; that with the growth
and development of the country tributary to the road,
there has come an extension of traffic of a different kind
— traffic resulting from the expansion of local and gen
eral industries. Of course this is a very desirable change,
for it gives greater stability and strength to a railroad
system. W e may suppose that the future will show further
progress in the same direction. Competition to be sure
Mileage.
Period.
May, 1880 (44 roads)
May, 1881 (45 roads)
May, 1882 (50 roads)
May, 1883 ,59 roads)
May, 1884 (60 roads)
May, 1885 (56 roads)
May, 1888 ,63 roads)
May, 1887 (102 roads)
Earnings.
Tear
Given.
Tear
Preceding.
Tear
Given.
Miles.
Miles.
82,905
42,345
47,260
48,662
44,817
47,355
60,065
28,963
86,949
42,730
89,713
48,537
46,085
57,154
t
14,649,613
16,708,654
20,824,492
21,497,057
18,038,831
15.895,528
17,070,179
26,132,832
Tear
Preceding.
Increase or
Decrease.
$
11,834,041 In c.
14.242.197 Inc.
18,521.382! Jnc.
19,663,735 In c.
17,457,308 In c.
17,191,365 Dec.
16,417,532 Inc.
22,524,531 Inc.
2,815,572
2.468157
2E0811O
1,833,322
581,526
1,298,837
652 647
8,537,801
734:
THE
CH RONICLE,
A s to the influences at work the present year, they were
not all favorable. Take the roads having a cotton traffic
for instance. W e have reached a period o f the year when
the cotton movement plays a comparatively minor part in
affecting results, and yet the fact is not to be overlooked
that as compared with the same period in 1886, there has
this year been an important falling off. Thus the receipts
at the outports -in May, 1887, reached only 31,699 bales,
against 114,926 bales in May, 1886, while the gross move
ment overland by rail amounted to only 43,861 bales,
against 86,385 bales. A s regards cereals, W estern and
Northwestern roads had a larger movement in wheat, the
speculation in that staple at Chicago having brought out
very large amounts, especially from the Northwest. Re
ceipts o f corn on the other hand fell off largely, though
it was not on Chicago chiefly that the loss fell,but on such
points as Toledo and St. Louis. There was also a falling
off in oats at some points, notably at Peoria.
In pro
visions, we find larger receipts at Chicago of pork, cutmeats and lard; but o f live hogs only 435,854 were re
ceived, against 551,196 in 1886 and 516,059 in 1885.
There is nothing in all these circumstances to account
for the exceptional gains in earnings. T o what, then, are
they to be attributed ? Of course, where railroad rates
have been raised as the result o f the Inter-State law, an
explanation is found in that circumstance ; but we think
that has played only a minor part. In the fact that gen
eral business is active all over the country, with the v o l
ume o f trade larger than in other recent years, a more
plausible explanation is found. W e are inclined, how
ever, to lay especial stress on the activity o f railroad con
struction. Tnat operates in so many different ways to
increase railroad traffic. Take merely the item of rails
W h at a long haul there is on these from the Eastern mill
to the point in tbe Northwest or Southwest where they
are to be laid. Then consider the amount o f coal, coke,
or other fuel, used first in making the iron and then tfie
steel, and the carriers benefitted in transporting this fuel.
Go one step further back, and see over what long distances
some of the ore from which this iron and steel is made
has been moved. These are all processes and stages con
nected with this single item of steel rails. But consider also
the effect of the new railroad construction on other branches
of trade— the spikes necessary to fasten the rails and the ties
over which the rails are laid.
In our ana’ysis of the
Rock Island report to-day we show that that road had a
larger tonnage in railroad ties the late year than ever
before, and that the increase over the previous year
amounts to 42,660 tons, and over 1881-5 53,034 tons.
A ll these ties were originally lumber in the forests, which
had to be cut down, trimmed, and hauled to the point of
destination. Tnen the bridges that are required in the
course of this new construction, the gravel and stone that
have to be used, the new stations and freight houses that
have to be built, all this makes work and trade and traffic.
The equipment and rolling stock for the new mileage also
affects hosts of trades and industries— car shops, locom o
tive works, &c., and these in turn call into requisition
every phase and form of human ingenuity and skill; the
iron worker, the glass worker, the cabinet maker, the
painter and decorator, all find representation in this way.
A n d so we might g o on to show that in an almost infinite
number of ways the present activity in railroad building
enters into every branch of trade and industry. It is
for this reason that we think special prominence should
be given to it as an element in the very large gains in
earnings now reported.
The following table gives in detail the earnings and
mileage o f each individual road.
[Y ol . X L I Y .
GROSS EARNINGS AND MIT.BVGB IN MAY.
Grass E a rn in g j .
N am e o f R oad.
1887.
1886.
$
$
1 ,5 4 7 ,8 0 5 1 ,1 9 8,17 3
A tch . T op . & 8. F e —
1 19 ,13 3
2 62 ,63 1
A tla n tic & P a c ific ----2 1 3 ,3 2 3
2 0 7 ,1 0 0
B uffalo N. Y . <& P h il..
1 9 2 ,3 5 3
7 7 ,» 8 1
B u tf.R o ch . & P it ts b ..
1 3 8 ,8 9 4
151 ,22 8
»B u rl.C ed .R a p . & Nc.
5 5 ,5 3 0
60,886
C airo Vine. & C h i c ...
58.1 23
116 ,87 5
C aliforn ia S ou th ern ..
807
,29 4
9
23,006
C anadian P a c ific .......
15,22-)
18,438]
C ape F ’r & Y a d k in V.
3
0
7
,2
93
358,4911
Ches. & O h io................
6 3 ,1 28
80,1241
E iiz. L e x . & B i g S ’y .
113
,69
2
1
3
4
,4
1
;
Ches. O h io & So. W ...
1 11 ,46 7
1 45,129
C h ica go & A tla n tic ..
l
i
ó
,
1S3
155,4361
Chic. & E astern 111...
1,8 6 6.00 ' | 1 ,7 6 7.06 9
Chic. M ilw .& S t. Paul
3 5 8 ,6 9 6
4 10 ,35 6
C h ica go St. L. & Pitts.
1 0 7 ,1 -8
1 16 ,49 3
C hic. & W est M ic h ....
2 15 ,50 5
2
6
9
,3
4
Cin. H am . & D a y to n .
191 ,69 6
2 14,024
Cin. Iu d . 8 t. L. <fcCh..
1 95,232
2 6 1 ,7 5 4
riin. N.O. <fe T e x .P a e ..
7 6 ,2 7 5
114 ,78 9 i
A la b a m a G t.S outh..
4 4 ,0 08
47,2
22
N.O. & N orth B ast..
3 6 ,2 8 6
37,0 56
V ic k s b .& M eridian.
;
2 0,2 72
3 1 ,5 30
V ieksb. 8h. & P a c ..
2 7 ,7 8 0
31,1 07
Cin. R ich . & F t. W ..
144
,71 5
1 55,830
Cm. Wash. & H a lt___
4 4 ,3 1 4
45.5 1 ’.
C leve. A kron & C o l..
2
9
,2 5 4
3 1 ,2 9 0
C lev ela n d & C an ton .
2 94,771
3 05,697
C lev. C ol. Cin. & Ind .
23,131
20,9 70
Col. & Cin. M id la n d ..
1 67,788
189,509
Col. H ock . V. & T o l..
510 ,06 6
619 ,07 7
D en v. <fe R io G ran d e.
2 3 ,2 0 6
46,2 76
Det. B ay C. & A lp en a .
9 2,8 05
9 7 ,5 60
D e tro it L a n s’g <& N o ..
2 0 3 ,2 1 0
2 48,41
»E ast Tenn. V a. & G a.
11,1 48
17,533
E v a n s v . & In d ’ na p ’lis
57,391
7 3 ,8 63
E va u sv. & T . H a u t e ..
1 9 0 ,6 7 0
2 26 ,14 9
F lin t & P e re M arc .
7 6 ,1 5 6
84,354
F la. R y. & N * v . C o ..
3 1 ,8 6 9
56,356
F t. W orth & D e n v . C’y
47,'•82
85,9 99
G e o rg ia P a c ific ...........
1 5 2 ,59 6
183,76 0
G r.R ap id s & In d ia n a .
1G rand T ru nk o f Can. 1 ,3 2 7,13 9 1,228,681
1 4 4 ,89 2
1 4 7 ,4 1 2
H ouston & T e x .C e n t.
7 7 4 ,1 4 6
862 ,48 4
111. C en .(IU .& S o.D iv .)
134 ,19 1
1 3 6 ,6 1
D o (Io w a D iv .)..
1 9 3 ,5 7 2
1 8 0 .6 8 6
Ind. B loom . & W e st..
26,7 00
29,371
Iu d . D e ca tu r & S p . ...
1 19,034
1 39,503
»K an. C. F t. 8. & G ull
77,561
114 ,26 8
»K an. C. 8p . & M e m ..
11,061
9 ,8 2 3
»K a n . C. Clin. & Sp ..
7,9 3 2
10,5 09
*K in gst.& P em brok e.
1 1 8 ,8 3 4
1 42 ,34 6
L ake E i i o & W estern.
16,647
1 6,717
L ehigh & H u d s o n ....
2 29 ,09 6
2 5 1 ,7 0 7
62,6 59
79.9 48
L o u isv .E v a n s.& S t.L .
L ou isville & N a s h v ... 1,228,915 1,03.«,894
131,895
1 77,570
L ou isv.N . A lb .A C hic.
1 03,651
1 14 ,91 7
Louis. N. O. & T e x a s .
6 59 ,49 1
7 17 ,62 5
M anhattan E le v a te d .
1 30.651
113,111
M arq. H ough. & O n ..
62.3 97
«4 ,9 1 3
»M em phis A Cliav’tou
3 9 4 ,9 0 0 1 3 18 ,40 3
(M exican C e n t r a l___
9 4 .7 1 6
99,301
(M ex’n N at. (So. D iv .).
2 9 6 .0 6 8
1 9 9 ,03 2
M ilw . L. Sh. & W est..
4 6 ,9 5 5
7 5 ,1 74
M ilw aukee & N orth ..
3 6 ,5 9 6
8 2 ,0 49
M inn. <fc N o rth w e s t..
2 3 ,5 2 0
22,8 62
M iss. & 1'eanessee . . .
1 77 ,11 0
159 ,09 5
M obile & O h io ...........
N .Y . Cent. & l l u d .R .. 2 .8 8 7 ,0 2 0 | 2 ,5 4 2 .6 2 2
4 6 ,0 »2
4 8 ,1 9 4 1
N. Y. C ity & N orth’n .
128,3771
1 0 5 ,7 1 6
N .Y . Out. & VVest’n ..
2 94 ,61 7 !
2 08 .42 5
N orfolk A W e ste rn ...
9 8 3 ,73 1
N orthern P a c ific ......... 1 .0 1 9 ,9 0 0
298,03.5
303,163
Ohio & M ississip p i. . .
31,1 58
36.84C
O hio S ou th ern .............
(
4
8 0 ,3 4 i
4
2
0
,00C
Or. R ’y & N av. Co . . .
5 6 ,5 23
74,435 1 „
P eoria D e o .A E v a n sv .
127 ,43 4
146,712
P ittsb u rg & W estern .
281,114
321,206
R icn . A D a n v ille ____
1
1 7 ,0 i 3
126.00C
Va. M id. D i v ...........
47,877
47.00C
Char. Col. A A u g ...
3
2,0
00
2 1 ,3 1 6
Col. A G reen v. Div.
3 2,7 13
39,906
W est. No. Car. D iv .
8 ,2 0 0
9,200
W ash O. A W .........
7 6.9 69
89,681
8t. J osep h & G d. I s l ..
1
04
,43 1
1 00 ,15 6
-8't.L. A.'A T .H . in. Iin6
3 3,5 79
4 3 ,3 5 ?
*
Do
(»ra n ch es!
1
0
,378
ie 2 ,0 2 2
St. L ouis A rk . & T e x ..
3 5 4 ,8 0 9
4 43 ,77 6
St. L ouis A San F r a n ..
1
1
6
,6
50
1 35,036
St. P a id A D u lu t h ....
4 3 3 ,4 6 2
580,516
St. P a u l Minn. & Man.
5
4,7
63
6 8,000
Shenandoah V a lle y ..
68,0 09
7 5,084
t- taten I s l’d R ap.T ran
4 49 ,90 8
3 09,307
T e x a s & P a c ific .........
24,8r>8
34,041
T ol. A . A. & N. M ich .
73,401
73,864
T o le d o & O h io C en t...
4 18.167
4 84,204
.Wabash W estern .........
41,091
5 6 ,2 6 120,465
159,495
W isconsin C entral . . .
17,327
34,30*
M um .St.C r’x & Wis.
13,746
70,520
Yfts. & M in n -----------
M ilea ge.
Increa se ot
D ecrease.
%
+349,6321
+ 143,493
—6,2 2 3
+ 1 14.672
+ 12,334
+ 5 .3 5 0
+ 5 8.7 5 *
+ 1 1 5 ,7 0 ;
+ 3 ,2 0 9
+ 5 1 ,1 9 8
+ i. 6.996
+ 2 0 , 7 19
+ 3 3 ,6 6 2
+ 4 0 ,3 0 3
+ 9 8 ,9 3 1
+ 5 i ,6 6 0
+ 9,325
+ 5 3 ,8 4 3
+ 2 2 ,3 2 6
+ 6 6 ,5 2 2
+ 36,514
+ 3 ,2 1 4
+770
+ 1 1 ,2 5 + 3,3x7
+ 11,115
+ 1,197]
+ v ,0 3 6
+ 10,126
—2,161
+ 2 1 ,7 2 1
+ 1 0 ,0 0 9
+ 2 3 ,0 7 0
+ 4 ,7 5 5
+ 45,202
“f- ü)385
+ 16,472
-}~3 47*^1
+ 8,198
+ 2 4 ,4 8 7
+ 3 8 ,1 1 7
+ 3 1 ,1 0 4
+ 9 8 ,4 5 7
+ 2 ,5 2 0
+ 8 8 ,3 3 8
+ 2 ,4 7 0
+ 12,886
+ 2.6*5
+ 2 0 ,4 7 5
+ 3 o ,7 o 7
— 1,238
+ 2,577
+70
+ 2 5 ,6 , 9
+ 17,289
+ 190,021
+ 4 5 ,6 7 5
+ 11,266
+ 5 8 ,1 3 4
— 17,540
+ 2 2 ,5 1 6
+ 7 6 .4
+ 4 .5 8 5
+97,<>3o
+ 2 8 ,2 1 9
+ 45,453
— 658
+ 18 01
+ 3 4 4 ,3 9 8
+ 2,102
+ 2 2 ,6 6 1
+ 8 6 ,1 9 2
+ 36.169
+ 5,128
+ 5 ,6 8 2
—60,3 45
+ 17,915
+ 1 9 ,2 7 8
+ 4 0 ,0 3 6
+ 3 ,9 7 7
—877
+ 2 ,6 8 4
+ 7,187
+ 1 ,0 0 0
— 12,712
— 4,275
+ 9 ,7 7 9
+ 5 3 ,6 4 4
+ 8 3 ,9 6 7
+ 18,388
+ 1 4 7 ,0 4 + 13,237
+ 7 ,0 7 5
—140,601
+ 9 ,1 9 1
+463
+ 6 6 ,''3 7
+ 1 5 ,1 7-j-39,033
lb>‘ ?77
+ 5 6 ,7 -4
1887.
18S6.
2,457 2 ,4 1 8
818
818
663
6 63
294
294
1 ,0 3 9 1 9 9 0
26 r>| 2 6 5
2 7 8 1 278
4 ,2 1 " 1 3 ,5 2 7
194
1 55
5 021 502
139
139
398
398]
268
geg
24: /
2 47
5,273 4 ,9 3 3
635
635
413
413
354
354
3 42
297
336
336
295
295
1 96
196
142
143
170
lW
86
86|
281
281!
1 44
144
161
161
301
391
70
70
3 24
324
1,317 1,3 1 7
86
164
261
268
1,098 1,098
1 38
138
146
146
361
361
534
534
144
194
3 17
3 56
3 96
396
2,924 2,918
513
, 513
1,953 1 ,6 6 4
402
402
532
532
1 52
152
3 89
389
2 82
282
1 74
174
115
115
548
548
63
63
3 54
354
2
53
253
2,0 2 3 2,0 2 3
4
77
5 20
511
511
32
32
1 60
160
3
3
0
330
1 ,236 1,236
3
34
3 50
551
573
221
243
109
343
ICO
1 00
687
687
1,441 '"1,441
54
54
321
821
511
5 33
2,8 9 5 2,741
616
6 16
128
if“
685
742
254
25315
367
7 74
774
355
355
373
378
296
2 96
274
290
50
50
252
252 [
195
19.
138
18t
735
735
871
1,000
225
225
1,853 1,503
255
255
19
21
1,487 1,487
130
1 /2
2 l3
213
995
995
Í8 6
186
441
441
107
107
54
176
57,154
T otal (102 roa d s)... 2 6,132,332 22,594,531 *-3,537,801 60,065
»In c lu d e s th re e w eens o n ly o f M ay in ea oii ye a r,
i F o r fo u r w e e k s en d e d M a y 28.
( M ex ica n cu rre n cy .
W e have already referred to the fact that there are
only ten roads altogether that show any decrease in earn
ings. Of these ten but two merit special mention,
namely the Oregon Navigation and the Texas & Pacific.
W ith reference to both it is to be said that earnings la3t
year showed an exceptionally large increase. Thus the
Oregon Navigation had a gain then o f $141,000, o f which
$60,000 is now lost. In the case of tne Texas & Pacific
not only were earnings last year very large— freight
J une
THE O H R O N fC LE.
11, 1887.]
delayed previously by strikes having added to results— but
the cotton movement then was quite heavy, while this year
it was very light. Tuis latter circumstance no doubt e x
plains why the present year’s loss is larger than the ISSGgain.
The best returns are again made by Southern and
Southwestern roads— barring out o f course the Texas &
Pacific. The Atchison has a gain o f $349,632, the
Louisville & Nashville a gain o f $190,021, the Norfolk
& Western a gain o f $86,192, the San Francisco a gain
o f $88,967, and the St. Louis Arkansas & Texas a gain
o f $53,644. Even the Richmond & Danville roads,
which have on previous occasions been an exception to
the rule of gain, all have an increase this time excepting
one— and this too in the face o f a considerable fall
ing off in the cotton movement on the Atlantic coast. A
smaller cotton traffic must also account for the compara
tively small increase in the earnings o f the New Orleans &
Northeastern, as the road delivered only 1,544 bales o f the
staple at New Orleans this year, against 4,418 bales last
year. The Illinois Central Southern line delivered 2,3S0
bales, against 6,707 bales.
In fact, at New Orleans there
was a falling off in the receipts o f cotton by every one of
the routes, water as well as rail.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN MAT, AND FROM
JANUARY 1 TO MAY 31, 1 8 8 7 , 1 88 6 AND 1883.
May.
Porte.
Galveston.........bales.
Indlanola, * c ..........
New Orleans..............
M o b ile ......................
F lorid a ................. .
Savannah....................
Brunswick, &c........
C harleston.................
Port Royal, * o ........
W ilm ington..............
Morehead City, &c.
N orfolk........................
West Point, &c.......
Total......................
1887.
1880.
907
0,728
14,901
1,012
47
5,779
302
1,950
980
825
00
3,859
1,448
35,529
0,593
85
17,551
197
15,737
255
2,034
78
19,970
10,109
31,099
114,920
Since January 1.
1885.
1887.
1886.
1885,
125,403
134,034
594,270
54,393
6,801
188,215
0,048
40,251
5,319
18,080
544
180,024
90,119
553.551
8 1,034
15.108
197 147
4,004
109,152
5,443
21,690
3,613
180,973
91,694
07,355
1 501
407,808
40,944
25,579
112,507
1,120
71,044
8,051
10,647
1,009
112,072
43,419
27,9171 1,219,073 1,420,719
907,830
1,881
84
11,758
719
153
5,271
1
1,020
783
07
19
3,0981
1,827)
735
compared with the previous year, but when we extend the
comparison further back it frequently happens that we
find present totals below those o f some of the earlier years.
This will appear from the following table showing results
on ten prominent roads for six years.
May.
1887.
t
Chicago & East.III.
Chic. & W. M ich...
Cin. H am .* Dayt’n
Cin. Ind.St.Ij.&Ch.
Clev.C.C. & Ind...
Dot. Lansing & No.
E vansv.* Torre HFlint & P. M arq...
Grand Itap. * Ind.
St.L. A.& T.U .m ’n 1
Total .................
155,436
110,403
239,348
214,024
305,897
97.500
73,803
220,149
183,700
100.150
1880.
1885.
1884.
1883.
1882.
$
115,133
107,108
215,505
191,098
293,771
92,805
57,391
100,070
152,590
104,431
»
126,510
111,850
220,852
198,175
204,032
101,270
01,120
174.04«
105,325
78,931
*
112,309
139,300
230,804
205.105
802,200
132,093
00,018
223,298
202,400
104,847
«
128,079
188.910
250,718
205,540
840,085
134,000
55,920
229,004
208,800
101,731
140,779
128,150
832,773
190,215
320,779
134,570
00,958
175,113
195,051
102,923
1,742,020 1,528.108
t
1.490,120 1,719.403 1,804,115 1.090,917
To show the part played by the grain movement in
affecting the earnings of these and other roads in the last
two years, we give the follow ing statement in our usual
form. It confirms what was said above as to the course
o f wheat and corn receipts and o f the other cereals.
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED MAY 2 3
AND SINCE JANUARY 1.
Chicago—
7
0
f-ince Jan. 1,.188!7
0
Milwaukee4 wks. May, 188'7
0
Since Jan. 1,188'7
5
7
Since Jan. 1,1881
Since Jan.
Toledo—
Flour,
(bbls.)
Wheat,
(push.)
440,12t)
242,778
8,575,2S7
1,303,413
1,706,000 2,410,08f 3,812,844
338,520
241,171 2,597,52* 3,085,471
310,033
6,075,377 I 17,003,091 15,393,41-0 4,035,354
2,030,054 1 17,930,731 13,102,593 4,345,801
50,725
35,219
234,720
207,390
189,900
234,820
1,080,517
1,403,440
439,900
4.12,948
2,032,018
1,038,529
0,240
10,020
00,040
118,440
74,541
67,785
418,484
201,077
030,393
804,307
2,020,057
1,400,681
509,510
097,035
040,517
725.2(0
7.087,8 <0 2,700,210
0,151,007 2,308,531
18,029
15,514
113,084
91,190
353,977
149,714
1,340.000
1,044,094
90,151
905,342
1.121,007
2,908,140
13,708
10,829
72,351
60,200
331,387
104,352
1,907,537
1,3.23,788
10,307
220,314
Com,
(bush.)
100,043
45,141
530,813
207,080
Oats,
(busk.)
Bartey,
(busk.)
223,450
130.335
140,452
110,877
982,85)
988,486
020,032 1,077,047
Rye,
(bush.)
62,172
15,522
971,053
402,532
8,801
27,503
101,882
142,015
10,202
135,031
81,411
234,943
12,500
1,000
89,085
90,001
4,107
435
43.338
27,700
45,165
98,504
990,079
1,407,000
99.737
108,063
554,814
717,074
45,155
14,7u2
400,348
801,905
83,850
127,800
4,458
000
15,457
97,801
64,910
118.700
14,100
It is true that some o f the Southern roads which now
82,395
950.004
402,800
508.700
90,204
"4,740
Since Jan. 1,1880
73,020
049,014
538,050
450,220
110,403
report gains, last yeai had losses, but in nearly every case
Peoria—
4 wks. Mav, 1887
4,300
52,175
427,100
818,200
57,000
28,250
the gain is very much greater than the preceding loss. 4 wks. May, 1880
5,354
10,400
842,320 1,337,820
33,850
40,750
Since Jan. 1,1887
83,948
225,325 2,148,200 3,317,025
204,000
124,200
Thus the Richmond & Danville has an increase now of Since Jan. 1,1880
24,390
117,575 3,078,830 4,320,705
250,120
130,450
Duluth—
$40,000, while the decrease o f 1886 was only $11,000, 4 wks. Msy, 1887 139,784
908,705
4 wks. May, 1880
704,910
and the present total is the largest for May in any year. Since Jan. 1,1887 139,784 2,016.530
Since Jan. 1,1880
2,980,984
In fact, almost every Southern and Southwestern road
Total o f dll—
May, 1887
902,910 4,708,910 3,077,879 5,795,208
050,146
98,783
shows larger earnings than ever before in this month. 44 wks.
wks. May, 1880
582,513 2,224,009 5,003,851 0,208.191
505,584
120,827
4 wks. May, 1885
703,024 2,800,223 6,092,420 5,975.401
548,104
180,210
W e bring together below the figures o f the leading sys Since J an .l, 1887 4,470,890 18,374,048
80,190,121- ¿3,058,490 0,935,400
509,020
Since Jan. 1,1880 8,281,281 11,485,919 85,377.42C 11,820,158
080,070
tems for a series of years past. Their aggregate earnings Since J an. 1,1885] 8,813,158 20,752,039 43,990,10;. ¿2,050,220 7,304,400
0,509,318 1,117,030
this year stand at $4,371,914, against $3,-547,803 in 1886
Northwestern roads make perhaps the least satisfactory
$3,463,819 in 1885, $3,788,316 in 1884, and only $3,2 3 V
showing
of any in our table. A ll the new lines continue
971 in 1882.
to report heavy gains, but the older systems, though they
May.
1887.
1886.
report better earnings than in 1886, fail to reach the totals
18S5.
1884.
1882.
$
•5
I
o f other good years. The St. Paul has an increase o f
$
Atch. Top. & S. F. 1,547,805 1,198,173 1,184,080
1,343,302 1,314,913 1,183,701
•Chesapeake & Ohio
$99,000 over 1886, but a decrease o f
19,000 as com
358,491
307,293
217,112
287,497
331,173
257,040
Louisville * Nash. 1,228,915 1,038,894 1,101,403 1,150,109
1,003,348
958,130 pared with 1884 and o f $167,000 as compared with 1883.
M o b ile * O hio*....
177,110
159,095
122,653
142,774
141,070
134,378
Norfolk & Western
291,017
208,425
192,827
202,436
205,003
185,322 The Manitoba’s total o f $580,510 compares with $433,462
Richmond & Danv
321,200
281,114
292,077
299,329
297,287
283,380
in 1886, but with $621,167 in 1884 and $728,207 in 1883.
St. L. * San Fran.
443,770
354,809
328,007
356,809
280,150
252,000
T otal..................
3,547,803 3,403,819 3,788,316 3,842,516j 3,234,971 The St. Paul & Duluth has the largest total on record.
Below are the earnings o f four roads for six years.
------------------wwv, v«wi*vUAU^lOYlUU(jyi»Ua,
May.
1887.
1880.
1885.
1884.
The trunk lines and the roads in the territory of the Cent
1883.
1882.
$
$
1
$
$
$
ral Traffic Association make more moderate gains, though Chic. Mil. & St. P.
1,800,000 1,707,009 1,875,231 1,935,708 2,033,514 1,027,983
the New Y ork Central has an increase o f $344,398. W e have 111. Cent. (I’a lines) 136,661 134,191 125,778 134,832 153,550 143,055
St. Paul & Duluth.
185,030
110,050
83,128
100,723
102,141
83,582
some excellent returns, moreover, from this section, among St. Paul Minn. & M 580,510 433,462
489,542
021,107
728,207
850,794
which may be mentioned those o f the Chicago & Eastern
T otal................... 2,718,207 2,451,372 2,573,079 2,841,990 3,017,418) 2,714,304
Illinois,the Mackey roads, the Chicago & Atlantic, the H am
ilton & Dayton, the Wabash W estern, the Cincinnati Indi
the less satisfactory results on these lines. A s to the
anapolis St. Louis & Chicago,the Grand Rapids & Indiana, course o f the grain and provisions movement, some idea,
the Lake Erie & Western, and the Louisville New A lbany
o f what kind o f a factor this has been, may be gathered
& Chicago. In fact there is a pretty general increase as from thq follow ing.
THE
736
Name o f Road.
RECEIPTS AT CHICAGO DURING M AT AND SINCE JAN.
May.
1887.
W heat, bush
Corn., bush.
Oats., .bush.
Rye....bush.
Barley.bush.
1,894,404
2,719,128
8,980,888
51.700
851,689
1886.
249,452
2,7*2,284
8,74u,060
86.280
880,847
Total gralD. 9,003.799 7,128.932
250,640
457,608
Flour. ..bbls.
828
8.674
F o rk ... bbls.
Cut m’ts.lbs. 15,789,401 10,115,507
4.882,344
L a rd .... lbs. 7,550.950
551,196
435.854
L ive hogsNc
Jan. 1 to May 81.
1886.
1886.
1887.
1885.
1,545,312 0,884.768 2,058,001
4,446.686 17,408,654 18,046,346
4,520,098 15,569,874 13,211,175
271,120
236,125
140,318
445,642 4,048,207 4,887,381
11,104,000 44,092,188 87,074.023
571,911 2,574,378 1,368,448
8,676
47,896
1,195
11,226,169 99,708,971 65,840,074
4,880.810 40,988,169 27,708,056
510,059 2,066.709 2.541.774
[V O L . X L IY .
C H R O N IC L E .
8,288,355
23,802,186
14,330,805
646,947
4,482,176
51,545,469
2,961,388
20,990
64,391,903
21,587.027
2,559,706
8 t. J osep h A G r’ d Isl’ d
S i.L .A .& T .H . m ain line
* I)o d o (branch es)
8t. L. A rk . A T e x a s ....
8t. L ou is A 8. F ra n cisc
8t. P a u l A D u lu th ........
8t. P a u l M inn. A M a n .
S henandoah V a U e y ...
S ta ten I s l a n d .. .-------T e x a s & P a c ific ............
T o l. A . A. A No. M ich.
T ol. & O h io C e n t r a l...
W abash W estern..........
W h eelin g A L a k e E rie
W iscon sin C e n tra l........
M inn. St. Cr. A W is.
W iscon sin A M in n ..
worthy o f special mention. The Rochester & Pittsburg shows
a large gain by reason of the increased tolls on bituminous
coal to Buffalo, the Denver & Rio Grande is profiting by the
industrial activity o f Colorado, and the Atlantic & Pacific
and California Southern b y the development o f Southern
1 88 7 .
455 ,74 7
5 5 0 ,8 8 5
3 3 0 .4 5 3
8 16 ,08 8
2 ,2 1 6,10 1
5 10 ,55 9
2 ,8 4 1,02 9
3 1 8 ,7 8 9
2 5 2 ,5 7 0
2,2 3 6,29 7
185,242
3 8 9 ,6 5 3
2 ,3 9 7 ,8 3 0
2 8 3 ,0 1 3
7 9 8 ,7 3 3
192.604
345 ,42 0
1886.
4 58 ,90 7
4 7 4 ,3 8 9
2 54 ,59 5
6 04,040
1 ,6 2 6,99 7
422,491
2,467,024
240,921
2*9,0531
2 ,0 9 5 ,8 9 3
1 26 ,57 5
291 ,27 6 )
2 ,1 6 6,92 9 )
2 1 5 ,5 8 4
5 78 ,83 8
8 5,0 00
7 0 ,4 6 0
Increase.
9
3 ,1 6 0
7 6 .4 9 6
7 5 ,8 58
2 1 2 ,0 4 8
5 9 1 ,1 0 4
8 8,0 63
3 73 ,20 5
77,868
2 3 ,5 1 7
140 ,40 4
5 8 ,6 67
9 8 ,3 77
230 ,90 1
6 7,4 29
2 19 .89 5
1 0 7 ,60 4
2 7 4 ,96 0
1 28,913,037 1 10 ,34 6 ,4 2 4 1 8694467
T o ta l (101 r o a d s )..
................. ! 1 8 5 6 6 6 1 3
N et in crease
» In clu d e s th re o w e e k s o n ly o f M ay in e a ch y e a r .
1 2 7 ,8 5 4
C O TT O N A C R E A G E , S T A N D A N D CONDITION\
1887•
W e pursue our usual course o f analyzing last year’s
yield and weather conditions as a preliminary to this
California.
F or the five months to the end of May, we have a most year’s acreage report, fo r tbe data o f the present season
satisfactory exhibit o f earnings. The gain on the 101 finds its chief use through a comparison which such a sum
roads reporting reaches 18-J- million dollars, and there are mary permits. In fact a retrospect o f two years affords
at this time a peculiarly instructive record; it becomes so
but seven roads that fail to show an increase.
_ x the circumstance that those years are so like one
OKOSS EARNINGS FROM JANUARY 1 TO MAY 31.____________
another in the aggregate yield and yet differ so widely as
Increase. Decrease.
1886.
188 7 .
Name o f Road.
to the productiveness o f States. Consequently a record of
9
$
9
9
5,6
8
8,61
4
1
,8
4
3,89
3
this variation and its causes affords the material for the for
7
.t3
2
.F
0
7
Atch. Topeka A 8. F e ...
5 35 ,60 5
557 ,15 2
1 .0 9 2,75 7
A tlantic & P acific..........
55.901
mation of a clearer judgment than usual with regard to the
9
7
4
,0
7
7
1,0
2
9,87
0
Buffalo N. Y . & P h il----Buffalo Roch. A P itts ...
*Buri. Cedar Rap. A No.
Cairo Vincennes & Chic.
California Southern.......
Canadian P acific............
Cape Fear & Yadkin Val.
Chesapeake & Ohio.......
Eliz. Lex.& Big Sandy.
Ches. Ohio A 8. W ..........
Chicago & A tla n tic .......
Chic. A Eastern Illinois.
Chicago M ilw. A Si .Paul
Chic. St. Louis A P itts..
Chicago A West M ich—
Cin. Ham. A Dayton ..
Cin. Ind. St. L. A Chic...
Cin. New O rl.& T e x .P ac.
Alabama Gt. Sonth’n . .
New Orleans & No. E ..
Vicksburg «&M eridian.
Vicksburg Sh. & P a c ..
Cin. Rich. & Ft. Wayne
Cin. Wash. A Baltimore.
Oleve. Akron & Col........
Cleveland & Canton.. . .
Clev. Col. Cin. A liid ....
Col. A Cin. M idland.......
Col. Hock. Val. A T o l...
Denver A R io G ran de...
Det. B ay City & Alpena.
Detroit Lansing A N o ...
♦East Tenn. Va. & G a ...
EvansviUe A Indianap..]
Evansv. & T. H aute.......
Flint A Pere Marquette.
Florida R ’y A Nav. C o..
Ft. Worth A Denv. City.
G eorgiaP aciflc.......... .
Grand Rapids A ln d .. ..
1Grand Tr. o f C anada...
Houst. A Tex. C entral..
HI. Cent. (111. & 8o. Div.)
Do
Iow a D i v ....
Indiana. Bloom. A West.
Indianap. Deo.& Spring.
♦Kan. City Ft. 8. A Gulf.
♦Kan. City 8p. A M em ..
*Kan.City Clin.& Spring
Lake Erie A Western . . .
Lehigh A Hudson.........
Long Island.....................
Louis v. Evansv. & St.L..
LouisvUle A Nashville..
Loulsv. New Alb.& Chic.
Louisv. N. O. & T exas..
Manhattan E levated . . .
Marq. Houghton A Ont..
♦Memphis A Charleston.
t M exican Central..........
tMexican Nat.(So.Div.)..
Milw. L.8hore A West’n.
Milwaukee A Northern.
Minn. A North » estern..
Mississippi A Tennessee.
M obile A Ohio...............
N. Y . Central A H. R ,...
New YorK City A N o ....
N.Y. Ontario A West’n ..
Norfolk & W estern...,*..
Northern P acific......... .
Ohio A Mississippi.........
Ohio Southern.................
Oregon R ’y A Nav. C o..
Peoria Decatur & E v ...
Pittsburg A W estern ....
Biohm ond A D an ville...
Va. Mid. D iv ..............
Char. Col. & Aug . . . .
Col. A Greenv. Div—
West. No. Car. D i v ....
WnOi r . X' W ...........
2 2 8 ,7 2 8
529,131
7 5 7 ,85 9
1 14,417
9 75 ,04 8
1 ,0 0 9,46 5
59,233
225,731
2 84,964
384,412
2 49 ,00 5
633.417
382,374
3 ,2 6 4,41 9
3 ,6 4 6.79 3
14.904
90.152
1 05.056
1 ,4 9 7,01 9 j 1 7 3 ,8 2 c
1,670,845
59,350
3 26,064 i
3 8 5 .4 1 7
76,719
607,661
6 84 .38 0
256 ,23 9
582.91P
839,150
113,474
650 ,73 8
7 72,212
5 0 0 ,3 4
8,573,654
9.074.00<
3 81,887
1 ,7 8 6,6*7
2,168,544
10,314
5 2 4 ,3 0 ’
5 4 2 ,61 7
1,2 6 6,57 0
1 ,081,291! 1 85,279
50,218
1,003,901
1,0 5 9,11 9
249 ,55 0
1,0 4 9,02 7
1 ,2 9 8,57 7
1 40,723
456 ,52 9
5 9 7 ,2 r 2
10,67*260 ,45 8
2 71,134
3,7 9 5
2 05.729
209 ,52 4
35,8 73
170,394
2 06 ,26 7
17,088
141,430
1 58,526
7 6 4 .0 1 6 1 63,779
8 27.795
13.7 15
201,691
2 1 5 ,4 0 6
14,603
1 27,759
1 42,362
1,469,934) 1 70,922
1,6 4 0,85 6
1 6,268
106,200
122,468
8 1 7 ,380| 229 ,08 3
1,04 6,463
2,324.5561 561 ,57 6
2,8 8 6.13 2
9 8,7 67
70,744
169,511
4 6 0 .9 6 6
444,194
354.3Ö
4
1
,4
9
0,02
6
1 ,8 4 4,33 0
36,0 93
54,497
9 0 ,5 9 0
58,9
60
2
63,427
3 2 2 ,3 8 7 1
133,197
905,451
1 ,0 3 8 ,6 4 8
5 0,742
4 01,640
4 5 2 .3 8 2
108 ,32 2
140,231
2 4 8 ,5 5 3
135,518
2
98,936)
4 3 4 ,4 5 4
1 44,812
726 ,13 0
8 70 ,94 2
549 ,88 0
6 ,1 3 0,19 7
6 .6 8 0.07 7
9 2 6 ,1 8 6
9 1 7 ,6 9 0
473 ,16 8
3,9 3 0,25 7
4 ,4 0 3 ,4 2 5
6 30 ,48 4
6 1 6 ,0 6 9
67,0 12
9 3 4 ,0 6 5
1 .0 0 1 .0 7 7
1 2.9 43
149 ,53 2
162,475
1
0 0 ,7 0 9
9 2 0 ,74 8
1 ,0 2 1,54 7
2 28 ,03 5
533 ,30 2
7 6 1 ,3 3 7
1 6.944
81,6391
9 8 .5 83
607,904| 127,015
7 3 4 ,9 1 9
1 2,1 35
86,712
9 8 ,8 4 7
7 8,1 78
9 2 6 .9 6 6
1 ,0 0 5 ,1 4 4
66,6 00
3 13 ,08 8
3 7 9 ,6 8 8
9 2 3 ,4 9 0
5,210,521
6 ,1 3 4,01 1
189
,78 1
6 40 ,80 4
8 30 ,58 5
1 7 5 ,20 6
629 ,79 8
8 0 5 ,0 0 4
2
9
4
,11 2
3 ,0 7 8,53 5
3 ,3 7 2 .6 4 7
9 ,711
240 ,58 9
2 5 0 ,3 0 0
1
16,390
4 9 5 ,2 5 3
6 1 1 ,6 4 3
3 99 .06 3
1 ,5 6 8,50 2
1 ,9 6 7,56 5
5 7 ,1 9 4
417 ,78 4
4 7 4 ,9 7 8
3 70 ,92 7
7 06 ,63 7
1 ,0 7 7 ,5 6 4
1
25 ,84 9
244 ,03 7
3 6 9 .8 8 6
253 ,51 3
1 34,791
3 8 8 ,3 0 4
1 8 ,3 70
157,442
1 7 5 ,8 1 2
127 ,05 3
826,421
9 5 3 ,4 7 4
1 3 ,8 78 .1 1 1 12,248 ,3 6 7 11 ,6 2 9 ,7 44
1 5 ,6 86
2 0 2 ,7 0 6
2 18 ,39 2
7 3.7 21
4 5 9 ,46 2
5 33 ,18 3
3
2
4 ,4 0 1
1
,1
9
3
,9
8
6
1 ,5 1 8 ,3 8 7
3 58 ,83 3
3 ,9 0 9,90 1
4 ,2 6 8,73 4
1
7
7 ,8 0 0
1,4
2
2,60
1
1 ,6 0 0,40 1
3 9,8 99
192,891
2 3 2 ,7 9 0
1
,8
4
9
,5
7
8
1 ,8 2 9 ,7 5 0
6 7 ,7 29
2 8 0 .4 4 7
3 48 ,17 6
220 .05 7
537 ,75 4
757 ,81 1
7 2 ,0 32
1 ,6 1 9,46 5
1 ,6 9 1 ,4 9 7
3 8,8 00
564,841
6 03 ,64 1
332 ,31 9
3 2 5 .6 6 0
282,577
224,0531
55,561 !
1 96.115
2 5 l ,« 7 6
3 .300
40.0 on I
16,772
8 ,4 9 6
14,4 15
1 9,8 28
6 .6 5 9
5 8,5
possibilities o f the current year’s production.
A s a general fact it should first o f all be remembered,
respecting the last two crops, that they were neither “ poor”
nor “ good ” but “ fair ” crops. They were « fair ” as dis
tinguished from “ p o o r ” because they were respectively
about 800 and 900 thousand bales larger than the yield
of the two years 1883 and 1884 ; but as compared with a
good ” crop they were only “ fair ” because the acreage
planted was evidendly for a much larger yield. Had the
rate per acre been obtained that was obtained in the
unusually productive year of 1882, or even in the seasons
o f 1880 and of 1879— the two years ranking next in yield,
we should have secured from 7£ to 7£ million bales. A t
the same time we ought not to forget a fact we referred to
last year, that with the larger acreage (that is wider area
cultivated) the chances of a full yield or o f a bad yield
everywhere, are both of cohrse lessened somewhat, while
the differences between a thoroughly good and an absolutely
bad year become more considerable. These are general
considerations necessary to keep in mind in connection
with any forecast o f future prospects.
But looking at the matter more in detail, it is found
that these two years furnish further important dissimilar
features or contrasts which it will be helpful to note.
Thus, confining the inquiry fo r the moment to an analysis
o f the results, we see that (1) the Atlantic States taken
together raised a very good crop in the summer o f 1885
and a comparatively poor one in the summer o f 1886,
Georgia ranking first, South Carolina second and North
Carolina third in 1885, while in 1886 North Carolina was
again the poorest; (2) in Alabama and Misssissippi the
yield was good in 1885 (though not as good as in the
Atlantic States, not being up to the capacity of the land
planted), while in 1886 it was less satisfactory but not
nearly as poor comparatively as it was that year in the
Atlantic States; (3) the W estern and Gulf States made a
poor crop in 1885 (though a slight improvement on 1884),
but a considerably better one in 1886, yet not up to a full
average for the land planted except in Arkansas and per
haps in Tennessee. To summarize these results, and
taking 100 as a good average yield on the acreage planted,
the comparative, or perhaps we should say the relative)
737
T H E C H R O N IC LE .
J u n e 11. 1887.]
Low.
1At-fli.
I Low.
1High.
1Avge.
Fair rains almost
everywhere until
about Aug. 1, when
severe drought set
in, m ost harm ful in
T e x a s , Arkansas
and Tennessee.
G ood rains every
where, except in
Texas, until latter
p a r t o f A ugust;
becam e excessive
in Texas in Sept’r ;
drought in Sept, in
Atlantic States.
1877-78.
! 1878-79.
1879-80.
11880-81.
Í
1881-82.
1882-83.
1884-85.
1
1
11883-84.
1885-86.
production may in a general way be represented about as year before, though there was a cold ten days with rains
(mainly in Texas), and after that a short May drought
follows for the last four summers._______________________
which it was feared was going to be harmful, but showers
1885. 1886.
1884.
1883.
Yield in
about the first of June relieved this latter anxiety.
75
100
75
55
The Atlantic States.................
A s to the summer growth the two years also differed
80
55
90
60
Alabama and Mississippi........
materially.
In 1885 fair rains visited about all sections
90
75
65
60
Rest of Gulf States................
(but
generally
not so heavy as to check cultivation) until
100
75
65
60
Arkansas and Tennessee.......
about the first of August, when a severe drought set in,
85
85
65
70
being most harmful in Texas, Arkansas and Tennessee,
These figures merely trace in a rough way the course of
and also harmful, though to a less degree, in all the other
the yield in the various districts, and help one to keep in
Gulf States; pretty much the same conditions prevailed in
mind the results as previously outlined. A s a further
the Atlantic States, but they did not do the same injury
analysis of the actual production in each State for these
there. In 1886 the showers kept up through the summer
and previous years, v e give below, as accurately as we can
in a very timely way, so that although the plants started
make it up from the data we are able to obtain, the figures
poorly, except as already explained, the condition the first
of yield for a series of years.
of September was generally reported good; then in the
PRODUCTION OF EACH STATE FOR YEARS NAMED— (OOOS O m itte d ).
Atlantic States and in Alabama and Mississippi came a
5>
very
dry season (the section least prepared by early growth
é
State*.
00
00
to
endure
it), beginning the latter part of August and
H
No. C a r .... 4 0 0 4 5 0 441 4 20 4 5 5 4 35 4 6 0 3 9 0 3 4 0 3 7 0 extending through September, while in Texas drought
Bo. Car___ 4 55 5 05 494 4 43 598 4 69 5 75 523 4 7 0 3 9 0 began in August, followed by heavy rains in September,
G e o rg ia ... 8 70 9 80 860 7 68 9 40 798 937 8 14 7 5 0 6 80
60
5 0 which did much harm.
65
60
60
55
57
43
55
F lo rid a ....
60
A laba m a.. 6 10 6 65 598 5 75 7 3 7 581 7 3 0 7 0 0 595 6 06
This brief retrospect of conditions and yield during the
Mississippi 9 30 97Ö 8 40 8 93 1,098 8 95 1,015 9 56 805 7 7 5
spring,
summer and fall of 1885 and 18^6 may be epito
L ouisiana. 495 4 9 5 467 4 95 5 1 0 4 85 5 2 9 5 07 4 0 0 4 2 0
T e x a s ....... 1,490 1,355 990 1,100 1,4 6 7 8 55 1,173 8 04 7 8 4 6 1 0 mized approximately as follows. It is scarcely necessary
Arkansas.. 715 6 50 5 58 5 75 6 99 5 25 675 6 07 5 20 5 9 0 to say that these figures are not an accurate adjustment of
Tennessee. 3 7 0 3 6 0 3 26 3 35 3 7 5 3 0 0 3 8 0 331 290 2 6 0
50
70
6 0 differences, being merely approximations used to recall the
A ll others.
45
40
50
56
55
60
50
T o t a l.... •6440 6,550 5 ,6 6 9 5,714 6,9 9 2 5,4 3 6 6 ,589 5 ,7 5 7 5,0 7 4 4 ,8 1 1 relative position of groups of States, as described above,
at the start of the two crops, and in their results. To
* Estimated.
Thus far this retrospect has covered only the total yield that extent they will prove useful.
and the yearly variations in productiveness of States.
séd
Stand.
Summer Growth.
Let us now carry the investigation one step further and
Yield. 2
note the causes for these relative results, by recalling the
1885. 1886.
1885.
1886.
1885. 1886.
weather and other conditions which prevailed. Pursuing
this part of the inquiry, marked contrasts are again dis Atlantic States 100 70
100 75
closed, not only between the States but between the years,
Ala. & M iss.... 85 75
90 80
for the last two years varied in so many ways.
75 90
A first and prominent difference was in the start. Thus Rest of Gulf St’s 80 90
in 1885 planting almost everywhere was begun late; but Ark. & Tenn... 75 100
75 100
in the Atlantic States there was no special hindrance to
It is seldom that two successive years illustrate so clearly
progress after it was once well under way, the start and
the close relation existing between the stand and the yield
stand being reported good; Alabama and Mississippi and
secured, while at the same time bringing out the fact
a part of Louisiana came next in favorable development,
that the land planted made its best return in neither year,
though cold, dry weather in many sections made the stands
except in a limited district. W e now reproduce our ther
to a certain degree less perfect and replanting necessary,
mometer and rainfall record. Because our space is limited
Alabama faring, however, best of the three States; in
we insert the results for only seven years. Our readers
Texas and some of the adjoining districts excessive rains
will have to consult previous reports for earlier returns.
delayed work and made the early growth unsatisfactory,
June
July.
August.
September. ~
the fields grassy, and much replanting necessary, while in Ihermometer
A
Averages.
à
Tennessee and Arkansas, in parts of the State excessive
1
1 s> §
i
i
rains, and in other parts cold, dry weather, made the plant N.Ca r ’l in a
188rf (fair). 91-9
73-9 93-5 05-5 78-7 92-4 01-9 70-7 88-9 58-8 78-4
very backward and the stands poor, uneven and weakly 1885 (fair). 93-4 57-3
58-4 75-8 900 00-1 81-4 95-5 00-1 78-4 899 49-3 71-0
1884 (bad).. 91-0 51-8 71-5 93-4 03-SI 77-5 90-5 02-f 75-8 89-i 54-7 78-8
on the first of June.
1883 (bad).. 90-9 00-8 70-0 90-fl 05-0 78-0 93-S 00-f 70-1 87-9 55-7 09-1
1882 (good) «5-0 58-0 75-9 940 03-4 77-3 90-2 05-f 77-1 89-4 55T 72-5
1881 (bad).. 97-3 01-7 77-4 98-7 03-9 80-2 98-2 01-f 78-3 92-4 02-f> 77-0
In 1886 planting was again late— even later than the 1880
(good) 99-7 58-7 77-2 95-8 05-5 78-0 91-1 03-t 70-5 98-2 51-1 70-0
Ca r ’ l in a
previous year— about everywhere, but subsequent develop S.1880
(fair). 90-7 03-3 79-9 92-0 04-7 790 91-8 04-0 77-0 87-0 01-0 750
(fair). 89-8 0V7 70-4 91-1! 04-0 79-7 91-0 05-7 78-0 85-7 58-3 73-0
ment differed widely in different sections; in the Atlantic 1885
1884 (bad).. 88-4 55-1 72-0 93-8 05-1 80-3 920 01-9 77-4 88-0 50-5 74-8
1883 (bad).. 97-5 59-3 77-0 100-5 09-5 82-2 97-0 59-5 77-9 93-5 52-0 72-1
States not only was seeding very backward, but cold and
1882 (good) 97-0 03-0 79-3 94-0 07-0 81-3 95-5 59-0 84-2 92-5 57-8 73-9
1881 (bad).. 00-5 04-0 81-8 1030 07-0 83-5 97-5 09-0 81-0 92-5 08-0 80-7
rain interfered with work, cultivation and growth, making
1880 (good) 100-0 020 80-0 970 71-0 83-4 93-0 09-0 81-4 89-0 01-0 75-8
G e o r g ia .
stands uneven and weakly and replanting widely necessary,
1880 (fair). 92-2 04-1 70-0 93-3 05-4 78-9 90-1 04-fl 78-8 92-0 00-4 70-3
1885 (fair). 93-3 01-9 77-5 95-3 02-9 80-1 94-0 04-2 799 90-5 57-3 73-5
1884 (bad).. 91-0 58-9 74-0 940 07-8 80-4 93-8 04-4 78-4 91-0 57-8 75-7
so that on the first of June last year we gave the condition
1883 (bad).. 94-7 03-2 78-8 97-0 08-8 82-5 94-1 04-1 78-8 92-4 57-8 74-7
1882 (good) 95-2 59-7 78-0 92-5 03-8 78-7 921 00-fl 79-7 91-2 57-7 75-5
very fairly in our acreage report by stating that the plant 1881
(bad).. 99-1 03-0 81-9 101-2 053 83-5 97-0 07-9 80-8 94-3 63-8 79-3
in the Atlantic States was much more dependent than at 1830 (good) 90-2 03-2 80-2 90-3 08-2 81-9 94-5 00-7 79-3 i 90-8 52-5 73-1
Fl o r id a .
1880 (fa ir). 927 07-3 80-4 91-9 70-2 80-2 94-5 67-0 80-7 91-9 00-7 79-8
that date of the year previous upon subsequent growth1885 (fa ir ). 95-8 08-9 81-3 92-7 71-4 80-5 93-2 70-7 80-5 91-9 07-4 77-9
1884 (bad).. 927 051 79-0 94-9 70-2 821 91-2 70-2 80-1 93-2 04-3 79-2
Alabama, Mississippi and Louisiana were also subject to the 1883
(bad).. 92-9 09-1 81-5! 95-2 09-4 84-0 95-2 71-5 82-2 90-4 040 78-1
1882 (good) 93-2 00-5 80-5i 93-2 71-5 81-2 940 00-5 81-5 930 07-0 78-4
same drawbacks, in varying degrees however, and diversi 1881 (bad).. 90-0
07-0 82-8, 90-5 09-5 83-4 94-5 09-5 81-7 94-0 08-5 80-3
1880 (good) 972 07-0 80-9 95-5 70-5 82-0 94-7 70-0 80-8 91-0 03-0 77-8
fied in some sections by a May drought, Alabama being A l a b a m a .
1880 (fa ir). 94-3 04-1 77-0 92-3 000 79-2 95-7 08-9
90-0 55-5 78-2
>nly a very little less unfavorable than the Atlantic States 1885 (fa ir). 92-4 020 78 0: 94-0 03-9 80-7 93-7 05-4 80-5
78-9 89-4 58-4 75-0
1884 (bad).. 910 592 73 8Í 94-1 07-0 794 94-4 022 774 940 58'4 77-4
90-0
1883
(bad)..
05-0
79-01
100-5
09-4
82-9
987 07-0 80-8 95-2 58-0 70-3
i*ad Louisiana in the best condition of the three; Texas
1882 (good) 97-2 034 8O-0| 930 03-2 78-7 91-9 09-1 78-3 90-1 58-3 74-1
1881 (bad).. 100-4 i 01-7 81-8! 103-0 07-4 82-9 95-0 08-3 81-3 90-8 57-0 77-8
Arkansas and Tennessee all had a better start than the 1880
(good)' 91’3 03-0 78‘2 90-7 09-3 80-0 97-0 70-0 80-2 91-0 560 74-3
T H E C H R O N IC LE .
738
[ Low.
1Low.
High.
S3
<3>
o
94-2
95-0
98>
98-0
96-0
99-9
94-0
69-0
71-7
70-2
72-7
66-9
710
67"5
82-4
83-9
85-7
83-7
80-1
86-3
80-8
630
62-7
61-8
61-5
55-8
66-0
633
7 5 3 : 93-7
h()*7. 95-7
75-8 ! 97*fl
78-3 ! 100-5
78-4 1 98-7
80-7 98"5
77-1 94- ?
63-4
63-5
68-6
65-8
620
67-0
60*3
81-0/
80-6|
82-2
81-3
77-3
83-3
79-0
97-1
96-0
96-6|
99-7
91-2i
98-21
93-0
04-7
922
95-1
95-5
945
94-0
89-0
59-8
60-5
54-4
5(V5
47*5
63-5
59'5
752
76-5
74-1
77-0
765
77-7
74-3
91-8
93-7
93-7
98'4
96-1
96-9
950
59-3
61 8
596
57-0
57-0
58-3
575
73-9¡ 90-0
77-41 98-6
74-31 948
75-91 94-4
78-71 91-a
78-2 1101*11
77-1 94-5
959
93'9
986
949
94-1
98-fl
93-7
62-3
64-7
61-0
66-1
63-7
69-4
656
78-7 98-2 67-6
79-7 95-7 1 6 9 4
77-3 97-i 1 73-9
81-3 1 97"( 1 70-2
80-9 956 69-e
85-3 99-8 7l*fl
80-5 1 97-91 66-2 l
70-0 80-4
70*3 8 2 9
65-7 79-9
66-0 80-9
631 80'7i
68-7 83-4
66'0 ,79-0i
925
95-0
93-8
96-1
960
98-3
92-3
1 95-7 ! 62-8
96-4 03-4
1 99-1 1 67-5
; 90-5 60-5
I 93-C 56-0
i 99-C 1 58-5
1 95-0 1 60-5
60-0
57-5
65-2
61-8
57-2
65-3
60-2
83-2 91-8
81-9 90-8
81-5 94-2
82-4 90-5
79-7 91*2
8 4 3 i 96-5
78*7 91-0
59-31
62'2
65-01
63"0|
50-5!
55-0
58"0|
78-7
76-1
80-8
79-4
75-0
78-9
74-6
79-3' ! 92-5
7 8 2 i 89 4
79-7 ! 95-1
821 1 98-7
70*4 1 89-3
82-0 1 965
79-9 ! 87-0
51-1) 74-4
53*0] 73-4
63-9 80-8
54-41 76-7
53*81 72-5
54-2| 77-9
55*0. 72*5
H 1
i|
96m 68-6
96-1] 68-3
97-8! 6 5 5
97-2 6 8 9
94-0 1 68-7
99-6] 71-2
93*0 64-5
93*6
93-1
95'4
95-0
96-4
99-8
91'5
O
P»
C3>
62-6
61-6
60-4
65-0
65-11
71-2
68-0
S
1 94-8
89-8
1 950
1 93-5
! 88-5
I 98-0
1 88-5
50-5 73-9
48-7] 72-7
60-0 77-1
41-01 73-5
47-01 69-5
33-01 74 1
46-0 [ 67*4
77*7i
78-9
76*8
75-8
77-3
84-3
75-7
89-8
89:6
923
91*0
88-9
98-5
87-2
98-5 66-J 82-8
9 5 9 1 67-1 8i-9
97-6 ! 66-2 82-7
97-81 69-t 83-2
94-51 67-i I 79'4
98-5 72-2 1 84-2
96-11 61-6 I 80-4
92-8
92-1
93-8
92-8
90-2
95-f
960
48-41 71-9
47-5 1 71-0
54-61 74-5
50-41 69-9
47'll 71-1
51-9, 76-6
43-7 66-5
1
58-4] 77‘ g
61*81 77*8
67-6 1 81-5
55-9! 77*2
58-0] 2« «
58*5! 79-X
55-41 76-”
79-5 99*51 60-3 79-5
80-4 97-1 59-(l 77-9
81-1 98*9¡ 58-1 77-4
80-2 92-0 55-5 75-7
76-0 90-5 56-5 74-1
b 2 0 loi-ol 6 6 5 1 82-5
77-0 91*5 57-0 ' 76*5
|
80-5 97m 61*3
80-1 97-6| 59-5
79-3 06*11 57-6
76-8 93*0| 59-3
76-4 1 89"2| 60-7
82-7 1104-3| 67-2
77-9 93-5 61-2
82-6
82-7
85-0
82-5
81-9
84-8
82-2
1
1
These averages show that there ha3 been no such extreme
heat the past two years as prevailed in previous bad years.
The crop loss was not, therefore, the result o f any re.
markably bad summer conditions, but as we have shown o f
a poor start, which prevented the plant from growing root
enough to withstand anything more than ordinary summer
weather. Similar averages for rainfall teach a similar
lesson; for the past two years’ record shows no extreme
either o f rain or drought sufficient to account for the crop
results. W ith regard to these State averages o f rainfal
it should be said, in explanation, that they are sometime8
quite misleading, as summer rains are usually local showers
and when the stations are grouped b y States they may
conceal a drought which might cover a wide portion of the
State. This is the case in the following, with relation to
both 1884 and 1885. By referring to the detailed figures
at each station the variations in that particular will be
detected.
June.
Rainfall Averages.
Rain Days
fall. rain.
N o r t h Ca r o l i n a .
1886 (fair)................
1885 (fai ) ................
188 4 (bad)................
i t 83 (baa). .............
So u t h C a r o l i n a .
1886 (t ir)................
1885 (fa r ) ..............
1884 (bad)................
1883 (bad)................
Ge o r g ia .
1886 (fair)................
1885 (fair)................
188 4 (bed)................
1883 (b ad )...............
F l o r id a .
1886 (fair)................
1885 (fair)................
188 4 (bad)................
1883 (bad)................
Alabam a.
1886 (fa r)................
1885 (fair)................
1884 (bad)................
1883 (bad)................
L o u is ia n a .
1886 (fair)................
1885 (fair)................
1884 (bad)................
1883 (bad)................
M is s is s ip p i.
1886 (fair)................
1885 (fair)................
1884 (bad)................
1883 (bad)................
July.
August.
September.
Rain DayJ
rain.
fall.
Rain Days
fall. rain.
Rain Days
fall.
rain.
875
4-06
6-31
819
13
13
9-18
4-S7
9-34
4-53
13
9*
14
11
6-77
3-35
5-05
4-87
14k
10
9
10
2*63
8*59
3-21
9*46
8-06
4-29
7'87
8-tO
14
10
15
10
5-90
4h0
3-73
5-40
12
10
11
12
4*50
8 19
3*67
4*71
iik
14
10
8
2-04
3-24
6*23
3-81
7
10
5
11
9-88
4-77
7-51
4-52
l«k
9
16
11
5-00
4’25
3-89
2-36
11
10
12
8
4-34
655
8-37
5*02
10
9
8
9
0*77
7-80
1-52
1*47
4
I lk
3k
5
8-80
9-82
8-70
5-09
16
13-74
18
15
16
6-86
6-48
6-17
23
16
)7 k
12
615
8-90
7"*4
6*54
12k
16>S
i8 k
13
3*59
10-58
3-77
502
2
14 k
11
7k
8-10
3 37
8*88
6-79
17
15
12
475
6-17
6 38
2-18
12
14
12
9
4*69
3-42
1-92
4-47
13
13
6
10k
0-99
5 85
0-76
046
7-76
511
5-10
7-70
15
9
13
14
4-90
516
234
1-84
12
12
7
8
2*98
3-88
1*54
1*75
6
ok
6
7
510
9-62
4-25
0-84
10
13
7k
3
7-63
312
5-09
5-09
17k
2-67
4-84
5-36
2-66
6k
10
3-52
2*21
243
3*33
»k
6
5
6
2-49
6-88
2-86
0-98
91-3
6
2
14k
9
10
12
11
6
10
514
4k
31-3
12
is3*
2k
sk
6
ARKANSAS.
1886 (fair)................
792
16
2-93
8*14
10
8
6-57
8k
1885 (fair)................
4-68
3*41
2*36
2-31
7
12k
8k
6k
1884 (bad)................
2-37
6
7
5-04
8
2*50
8-56
9
1883 (bad)................
2*15
7
3-88
3*93
263
4
8
7
TENNESSE.
1886 (fair)................
7-08
16
5*26
3-28
7
4-18
12k
7k
1885 (fair)................
3-08
8
4*54
12
1*82
5
4-52
11
188 4 (bad)................
546
16
418
13
2*02
7
2-19
8
1883 (bad)................
5-01
13
4-82
13
8*77
8
1-71
5
TEXAS.
1886 (fair)................
301
2-00
9
3*53
7-51
11
9*k
7k
1885 (fair)................
364
1*82
7
0
214
8-55
7k
1884 (bad)................
6'05
81-3
0-53
4
2*01
292
7
7k
1883 (bad)................
2-69
10
1*54
2*05
8
6-"l
9
8k
T h e w o r d s “ b a d ,” “ g o o d ” a n d “ l a ir ” fo llo w in g th e y e a rs g iv e n
a b o v e m ean sim p ly th a t the a gg rega te c i o p fo r t h e y e a r n a m e d w a s b a d
g o o d o r fa ir.
>
XLIV<
C o tto n A c r e a g e a n d S ta n d
in 1887.
I Low.
L o u is ia n a .
1886 ( f a i r ) .
1886 (f a i r ) .
1884 (bad)..
1883 (bad)..
1882 (good)
1881 (bad)..
1880 (good)
M is s is s ip p i
1886 ( f a i r ) .
1885 (fa ir).
1884 (bad)..
1888 (bad)..
1882 (good )
1881 (bad)..
1880 (good)
A rkan sas.
1880 ( f a i r ) .
1885 (fa ir ).
1884 (bad)..
1883 (bad)..
1882 (good )
1881 (bad)..
1880 (good)
T enn essee.
1886 (lair) .
1885 (fa ir).
1884 (bad)..
1883 (bad)..
1882 (good)
1881 (bad)..
1880 (good)
T exas.
1886 ( f a i r ) .
1885 (fa ir).
1884 (bad)..
1883 (bad)..
1882 (good)
1881 (bad)..
1880 (good )
V
o
p
September.
August.
July.
thermometer
Averages.
[VOL.
The foregoing figures and suggestions afford a very
helpful guide for understanding present prospects and
interpreting future weather conditions.
They show
where and why the last two crops failed, and where
and why they succeeded. A d d to that now the further
data that the last full crop o f cotton raised was in 1882,
when the total reached 6,992,000 bales, and that since
that year the planting has increased annually according to
every authority, until according to our own figures it now
reaches 19,466,730 acres, against 16,590,000 acres in 1882
(or a growth o f over 17-J per cent)— adding these facts, the
investigator has secured a most advantageous position
from which to start his year’s observations and figuring.
Of course such suggestions are not meant to encourage
wild guessing now ; they are simply hints to help the
buyer and seller in making a correct forecast as the season
progresses.
The investigations we have made have also this year
been very full and complete, and as the crop is earlier
than either of the last two, the results reached will be
found to be much more conclusive than they were a year
ago. In fact it will be remembered that in our report o f
June, 1886, we stated that the poor start and backward
condition of the plant made a recital of the details much
less positive than usually possible at this period. A s the
reverse is the position now, the follow ing summary of the
information received from our correspondents in each Statewill be found especially interesting and helpful.
N o r t h C a r o l i n a . —On the average the planting season was
a little earlier than in 1886 in North Carolina, beginning in
some sections as early as April 10 and finishing generally the
first week of May, although in a few localities seeding was
not finally completed until the middle of the month. All of
our correspondents state that the seed came up well; in fact
some say splendidly, others never better, and still others bet
ter than ever before. It is therefore pretty safe to conclude
that the start was unusually satisfactory. Practically, no
replanting was found to be necessary. While in the early
spring the weather was a little cool, it was not sufficiently so
to retard growth to any material extent; as a rule, therefore,
the conditions have been very favorable and at the close o f
May the plant was growing finely. ¡Stands range from good
to perfect—some report best in years—and one correspondent
states that at no time during the past ten years has there been
as good prospects of a largely-increased cotton crop as now.
In the main, fields were in excellent condition June 1, although
grass is complained of in a few districts, owing to late rains.
Acreage—Although in some sections of the State there has
been a disposition to add to the land under cotton, at other
points the opposite has been the case, low prices and last sea
son’s poor yield having discouraged farmers. The Commis
sioner of Agriculture’s return to us states that the falling off in
the whole State has been 15 per cent, but our correspondents do
not at all confirm that figure. W e cannot estimate the loss
greater than 5 per cent as a maximum. Fertilizers of the
home-made variety continue, as in former years, to be more
largely used, the commercial sorts showing a corresponding
decrease.
S o u t h C a r o l i n a . —Planting began and was completed in
this State in advance of 1886. Under the influence of favor
able weather the seed germinated very well—some reports say
never better—and the plant made very satisfactory progress.
Replanting was necessary to only an extremely limited extent,
and that is reported as being the result not of unfavorable
conditions, but of defective seed. In fact it is probable that
in no year has there been as little replanting as in the present.
Since growth began the weather has been almost uniformly
favorable. ¡Stands are reported as good to perfect, with the
plant growing nicely and the fields well cultivated and clear
of weeds and grass. Acreage—From some sections an addi
tion to the area under cotton is reported, but this is more than
offset by the decrease at other points arising through a desire
on the part of planters for more diversified crops. A careful
J une 11, 1887.]
T H E C H R O N IC L E .
739
perusal of our returns leads us to place the falling off in the instances planting was commenced before the first of March
State at 2 per cent. Fertilizers—From year to year home For the whole State the season on the average was about two
made manures receive more attention, and the present season weeks ahead of 1886. To some extent, in the Mississippi Val
the increase has been quite marked. On the other hand, and ley and at a few other points, the early spring was rather
in consequence, commercial fertilizers show a pretty decided cool, and that, with a lack of moisture, made the early growth
slow. W ith these exceptions, however, germination is
decline.
reported from good to very good. A favorable feature the
G e o r g i a —The planting season, while about six days later
than in an average year, was fully one week earlier than in present season is that while in some districts a moderate
1886. In some sections of Southern Georgia seed was put amount of replanting was necessary in others none at all had
into the ground as early as March 20, but operations did not to be done, and, compared to the whole area, the replanted
become active generally until about April 7, after which time portion was inconsiderable. Since the first of May the
rapid progress was made, so that planting had, as a rule, been weather has been quite favorable, rain having fallen where
completed before May 1. Germination was delayed in a few needed, and the warm nights have caused cotton to grow off
instances by dry weather; this is more particularly true of the well, the plant being larger and healthier than for some years
lower portion of the State; but on the whole the seed came up at this season. Stands secured range from good to excellent,
well to very well. As in the Carolinas, less than the usual averaging for the State very good, with the fields, according to
amount of replanting had to be done—in fact, none of conse our reports, in splendid condition, being well worked and clear
quence. Since growth began the weather, aside from being of weeds and grass. Acreage—In the hills and on uplands
a little dry at times, has favored the development of the plant, cotton culture has been abandoned to a moderate extent in
stiff lands alone suffering through the lack o f moisture. favor of grass and stock, but this is more than offset by addi
Stands—One correspondent reports the stand as tolerably tions to the area in the more productive sections, the average
good, and another says an average; with'these exceptions, increase for the State being about 8 per cent. Fertilizers are
however, they range from good to excellent and best ever very little used in Mississippi, but home-made manures are
known. At the close of May, according to our returns, the yearly receiving more attention.
L ouisiana .—Reports from this State indicate that all through
plant was of good size generally, looked healthy and vigor
ous and was in a high state of cultivation, being unusually January, February, March and April the weather was favor
clear of weeds and grass. A creage—In many districts there able for preparing the ground, and as a consequence planting
does not seem to have been any disposition to increase or de was in advance of a year ago. In some Sections sèéding begafl
crease the amount of land put in cotton, but in others a fair as early as the middle of March and became general about thé
addition has been made, so that for the whole State we esti 20th, and was finally completed by May 1. The seed came lip
mate the gain to have been about 2 per cent. Fertilizers—In well, though reported in some instances slowly, on account of
Georgia, as elsewhere at the South, farmers are giving in dry weather and cool nights during April. Since early in May
creased attention to home-made fertilizers, the result being a the conditions have been very satisfactory, and lost ground
has as a rule been completely recovered. A very limitëÜ
decreased use of the commercial sorts.
F lorida . —In some districts of Florida farmer's began seed amount of replanting was required, owing to the drought.
ing very early, but generally planting did not begin until Stands secured ranged from good to very good, and consider
March and was completed before the first of May. A few of ably better than last year. Fields are in quite good condition,
our correspondents in those sections where the seed was put in there being some weeds on account of late rains, but not more
the ground very early say'that it came up poorly on account than a few days good work will conquer. A creage—Our
of the frosts, and that in consequence some replanting had to returns indicate that there has been an increase in acreage of
be done. At other points, however, and in the main, the seed about 3 per cent. Fertilizers—W e have to report a small
came up well. Up to the first of May the conditions were increase in the use of fertilizers, both commercial and home
said to be in a few localities rather’unfavorable, but with those made. The total amount of all kinds used in the State is,
exceptions the weather was satisfactory, the growth healthy, however, small.
A rkansas .—Planting began somewhat earlier than in 1886,
and cultivation quite perfect. Stands are reported from very
fair to excellent, with the fields, as stated, in very good order, and was finished generally the first week in May, or from
with prospects above the average. Acreage has undergone seven to ten days ahead of last year. Owing to a dry spell ifi
some change this season, one of our reports stating that white some sections the seed were in the ground ten days longer th&ii
people have almost ceased to plant cotton, while another states usual before coming up or making much of a show, but after
that more attention is being given to cereals. On the whole, rain fell they started quickly, in fact some say better than
therefore, we judge that there has been a moderate decrease— usual. The above applies more particularly to the Central
say 5 per cent. Fertilizers are used to only a limited extent and Western portions of the State, for at some points on the
in Florida, but home-made sorts are receiving more attention. River and in Southern Arkansas germination is stated to have
A labama .— The planters in this State, like those in the been poor in consequence of too low temperature. These par~
States previously reviewed, were to a considerable extent able tially adverse influences rendered a moderate amount of
to get in their seed a little in advance of 1886. In other words, replanting necessary. Since the middle of May the weather
although there was no material difference in the time at which has turned more favorable, needed rains have fallen, and with
planting was begun, it was completed generally from a week higher temperature the plant has made good growth. Stands
to ten days earlier than last year. Most of our correspondents —One correspondent reports the stand as not good, but our
report that the seed came up well, but a few state that in con other returns range from good to magnificent. At the close
sequence of dry weather in April and early May the start was of May some sections report that the fields were not clean,
rather poor. A further result o f the drought, in conjunction 1owing to the late rains, but farmers were rapidly getting the
with cool nights, was that a small amount of replanting was 1best of the weeds and grass. Acreage—There has been the
necessary on stiff lands. The total portion replanted, how- { usual disposition to add to the cotton area this year as in
ever, was inconsiderable. Subsequent to the middle of May I former years, and for the present season we estimate tlié
the conditions turned more favorable, rain falling where* increase at about 5 per cent. Fertilizers, as is pretty well
needed, and on the first of June the plant was in the main known, are but little used in Arkansas, but more attention is
healthy and vigorous, with a deep tap root and growing nicely. given each year to home-made manures.
Stands—As may be inferred from the above, notwithstanding
T e n n e s s e e . —There was no material difference in the plant
the poor start in a few instances, a good stand has been se ing season this and last year, except that a few farmers began
cured. Our reports in fact range from good to very good and work a little earlier; but for the whole State the finish was
perfect. The fields are also unusually clear of weeds and at about the same date as in 1886. As a rule the seed
grass, and as a rule in a very high state o f cultivation. A cre germinated very well, and under the influence of generally
age—The tenor of the returns on this point is that there has favorable conditions made good progress toward development.
been but little change in the area devoted to cotton ; taking the There were, however, some complaints that lack of moisture
State as a whole, we estimate that there has been an average and somewhat low temperature checked growth, but on the
increase of, say 1 per cent. Fertilizers of the commercial sorts whole the weather has been quite satisfactory, particularly so
ia^ e been taken to about the same extent as last year, but in of late. Only a small amount of replanting was required.
home-made manures a fair increase is to be noted.
The Stand secured ranged from good to splendid, and the
Mississippi.— Farmers were able to begin preparations for present condition of the plant is excellent—one correspondent
the new crop much earlier this year than last, and in some says better than ever before. The fields are stated to be clear
740
[VoU X L 1V,
T H E C H R O N IC L E .
6*
op
00
00
tH
o f weeds and grass and very well worked. The Acreage has
Setimated fo r 1887.
Acreage,
States .
been increased in some districts and decreased in others, but
1886.
Aeree,
for the State there has been an increase of about 8 per cent.
Increase. I Decrease,
1887.
1
Fertilizers are very little used in Tennessee, but the home
North C arolina.............. 1,082,000
5 per cent. 1,027,900
made sorts shows a small increase this year.
South Carolina............... 1.670.000
2 per cent. 1,636,600
3,066,120
T e x a s . —Although at some point« in Texas planting began a G eorgia............................ 3.006.000 2 per cent.
284.000
5 per cent.
269,800
little earlier than in 1886, the season in general was later than Florida.............................
Alabam a.......................... 2.924.000 1 per cent.
2,953,240
last year. The first planted seed in many sections lay appar M ississippi...................... 2.615.000 3 p ercen t.
2.693.450
ently dormant in the ground on account of drought, but since Louisiana........................ 1.015.000 3 p ercen t.
1.045.450
4.011.000
T
exas...............................
7
per
cent.
4,291,770
the rains it has come up well everywhere, very little replant"
1,411,200
ing being required. In North Texas, owing to the failure of Arkansas......................... 1.344.000 5 per cent.
940.000 3 per cent.
T enn essee......................
968,200
oats and partial failure of wheat, some land has been replanted Other States & H ero.*...
103.000
103,000
in cotton. Stands are reported good everywhere, '.and on
T otal.......................... 18,994,000 2-49 per cent.
19,466,730
June 1 the fields were in general clear of weeds and grass.
* The area under cotton in the Indian Territory is increasing, hut
Telegraphic returns from our various Texas correspondents
in the “ Other States,” which produce little cotton, the tendency is
subsequent to the first o f June indicate a continuation of very to plant less; altogether the amount is small, and w e leave the figures
favorable weather, so that altogether the crop prospect is at unchanged.
present excellent, and the plant in a much healthier and more
This shows a net increase over 1886 of 2-49 per cent,
promising condition than a year ago. Acreage—The reports bringing up the total to 19,466,730 acres. W e add the
from our correspondents under this head are all of the same acreage for previous years for comparison.
tenor; some put the increase as low as five per cent, while
COTTON ACHEAGE FOB THE YXABS NAMED— (000s Omitted).
others say fifty per cent. For the whole State we estimate
the addition to the area in cotton to have been 7 per cent.
States.
1886-87 1885-86 1884-85 1883-84 1882-83
F ertilizers.—Very little attention is paid to fertilizers in
1,082
1,072
1,072
1,041
North Carolina.........
1,093
1,096
Texas.
South Carolina.........
1,670
1,704
1,654
1,606
1 ,6 56
1,687
The foregoing details are necessarily brief, but suffi
ciently elaborated, we think, to convey a pretty clear idea
of the situation about June 1st in each of the cotton States.
W e have, however, prepared our usual statement of
rainfall and thermometer as a confirmation of these
results, and it will be found in our cotton report on another
page.
Georgia......................
F lo rid a ......................
Alabam a....................
M ississippi................
Louisiana...................
T e x a s .........................
A rkansas.................
T enn essee.................
AU others...................
3,006
284
2,924
2,615
1,015
4,011
1,344
940
103
3,067
284
2,984
2,564
995
8,680
1,305
931
103
3,007
278
2,897
2,489
921
3,257
1,231
895
100
2,977
270
2,813
2,440
940
3,102
1,184
886
111
2,835
265
2,679
2,346
904
2,820
1,117
869
108
2,984
268
2,762
2,394
922
2,564
1,176
924
105
Total acreage.. . .
18,994
18,710
17,834
17,449
16,590
16,851
The facts given furnish sufficient data from which
to draw intelligent conclusions upon the points covered by
this report.
5,436
6,992
6,440
6,551
5,714
Total p rod u ctio n ....
5,669
Inorease in acreage.. 1-52 p.o 4-91 p.c 2 ‘21p.o. 5-18 p.c *l-55p.o 4*51 p.o
Inor’se in production *1*68pc 15*54pc *0-79 pc *18-3 pc 28-6 p.o *17*5 po
154
194
144
Product per acre,lbs.
1441
149
ICO
CONCLUSIONS.
They may be briefly stated as follows :
First— A s affecting acreage, we must repeat what we
have so often said on previous occasions, that our results
are not claimed to be accurate ; they are simply the closest
approximations we can reach,— except we may have erred
while attempting in every case not to over-estimate the
amount of land under cotton. But the year’s increase is
not the most important fact in the present acreage prob
lem, as we have already shown. The South has raised now
four partial crops, so that to get at comparative capacity
one does not look so much at what has been added this
spring as what has been added since the last year of
plenty.
The tendency to increase acreage is mainly apparent the
present season in the Southwestern States. To be sure
Georgia and Alabama show a slight growth ; but other
than that, all along the Atlantic there is a loss instead of
a gain. From Mississippi westward there is an increase
everywhere. This is not large in any State except in Texas
and Arkansas, but it is a natural expansion, due in the latter
two States in part to new settlements, and in all of the
States named to an inevitable tendency in the more pro
ductive sections of the South, where less expense is con
nected with cultivation, to enlarge cotton planting ; and
this we should imagine would be more marked when, as at
present, we are passing through a prosperous period, dis
tinguished by the expansion of all other industries. For this
reason it is perhaps presumable that estimates made up as
ours have been are under-estimates. In North and South
Carolina the falling off is probably due to a desire to
diversify production, this desire being prompted perhaps,
or at least stimulated, by the fact that both of those States
had the discouragement of a poor yield in 1886 to fight
against. The changes from last year as we make them
up for each State have been as follows :
* Decrease.
Second— W ith regard to the maturity, cultivation and
condition of the plant, the conclusions reached are as fol
lows :
(1) As to Maturity, though the crop as a whole cannot
be called an early one judging from its start, yet it is
earlier than last year’s crop, and its development since it
began to grow has been very rapid, blooms being reported
to us the last of May even in parts of Georgia. This com*
parison with 1886 needs, perhaps, a little qualification, for
in its entirety it may be said to apply chiefly to the Atlantic
States, since a year ago those states were the most back
ward; and yet there is no doubt that the plant has come
forward marvelously well recently, and if the surroundings
continue as favorable during coming weeks and months
the picking must begin early rather than late almost every_
where. W e would then as to maturity class the crop
though more advanced than last year’s growth, neither a
late nor an early one, but a good medium one.
(2) Cultivation has met with no material hindrance up
to the first of June. Of course the rains which made the
cotton grow made the weeds grow also, and labor has
had to be active in following closely the job of keep
ing the grass down. But the fields were in good con
dition before it began to rain, and as a general thing the
rains have given time for the farmers to keep well up in
their work ; hence it may be said in general terms it is
not often that the situation in this particular is so satis
factory. There are of course limited exceptions, where it
is claimed weeds are getting troublesome ; but even those
cases are few in number and limited in extent, and we
have no evidence whatever that any permanent harm has
been done as yet.
(3) Condition of the plant, as may be gathered from
what has been said, was on June 1st much more satisfac
tory than it was a year ago. In fact for several years we
do not think we have been able to report the plant in the
T H E C H R O N IC L E .
JUNH 11, 1887.]
whole cotton section so favorably situated at that date.
Two years ago it was well conditioned in Georgia, and
in a good part of South and North Carolina, but in
most other sections the outlook was not favorable ; again,
last year Texas, Arkansas and Tennessee we reported “ in
fine condition,” but elsewhere we had to state that the
situation was so unpromising that the “ June weather
« andrdevelopment was a more important element than
« is often the case.” Now, however, all the States send
up good accounts.
For the purpose of enabling the reader the more readily
to compare 'the early weather conditions with previous
seasons, we have prepared the following :
1884. Spring was late, but In the Atlantic States no more backward
than a year ago. Early progress was, however, slow every
where, and cold weather made re-planting necessary in many
oases. Still, the surroundings the first of June were better
than a year ago in the Atlantic States and in Alabama; bat in
the remainder of the Golf States and in the Mississippi Valley
both rains and floods prevented work, ^ £ o v e r a co^iderable
area made re-planting necessary. Sinoe the last
the Southwestern conditions have improved. M id opened up
the possibilities of a good season there; but drought would
prove a severe trial in those sections.
, eoK planting began somewhat later than in the previous season, but
progressed rapidly. In many sections the early development
was rather slow, but in general the seed came up well, and
untU the latter part of May made rapid growth. At that date
heavy rains set In and stopped work; and though June opened
^ t ^ a n improvement in this particular, yet in very many sec
tions June was rainy.
1886# Farm work opened lato In 1886»—later than In 1885. And after
it began, the development of the plant was as a rule (on account
of cold and rain) slow in all States except in Texas, Tennessee
and Arkansas, where it did better; dry weather, however, in
May in Texas, and to a less extent in other States, caused
anxiety For these various reasons the plant was in general
more baokward than in 1885 on the first of June, except in the
States named.
1887. Planting began somewhat in advance of 1886, and, except in
Texas, was completed at an earlier date. Early develop
ment was retarded at a few points by dry and cool weather,
but the seed came up very well in almost all localities. Sinoe
the opening of May the plant has made rapid progress under
the stimulus of favorable weather, and on June 1 the fields
were, as a rule, well cultivated and dean. Our telegraphlo
advices since June 1 note a continuation of satisfactory con
ditions.
W ith such early conditions, the stand and later history
of each year may be briefly stated as follows.
Year.
Stand.
July to Sept.
Sept, to Dee.
Year’» results.
1884.
Stand fairly Crop J ’ly 1 gen Picking seas’n v ery Yield 5,669,021.
good in At erally gr’ssy & favorable everylantic St’es condit’n poor. w h’re and the crop
but poor in Drought and secured in good
Mississippi high tempera condition.
Decreased crop,
Valley and ture in July &
Gulf. Cold Aug. worse in Killing frost Oot.23 0 ’79 peroenti
and rainy T ex’s and Gulf to Nov. 30.
June, espe S t a t e s , but
c i a l l y on p r e v a l e n t in P i c k i n g c l o s e d Increas'd acreage
the Atlan portions o f all about Nov. 10 to
2-21 per cent.
States, though Deo. 10.
tic.
not so prol’ged
1885.
Standi fgen T h e excessive The picking season Yield, 6,550,215.
e r a l l y ap rains last o f was, on the whole,
p a r e n t l y M a y and in very f a v o r a b l e ,
fair in all | June made the the crop being se
sections up p l a n t grow cured in good con
to a b o u t luxuriantly, so dition.
t h e latter that the outIncreased orop,
partofM ay I look the latter
Theu rains part o f July K illing frost Oct.
15*6 per cent.
set in, and w a s f o r a 22 to Dec. 5.
with some good yield. A
in t e r r u p d r o u g h t in
t i o n were August over a
e x c essive c o n slderable P i c k i n g c l o s e d
d u r i n g section show’d about Dec. 5 to
Increas’ d acreage
that the plant 25.
June.
had little en
4 ’91 per cent.
durance.
Stands poor
in Atlantic
States, a
little b e t
ter in Gulf
States, but
r a n g e d
from good
to v e r y
o o d in
1886. gTexas.
Ar
kansasand
; Tennessee.
Rains were
abundant
about everyw here
through
June and
e x c e s s iv e
in s o m e
districts.
T h e r e was a
e o n t inuation
of rains in the
Atlantic and
Gulf S t a t e s
d u r in g July.
In the South
west drought
in August, fol
low ed by ex
cessive rains
latter part o f
September, all
o f w hich was
harmful to the
crop in that
section.
Picking season was Yield, 6,440,000.
favorable fo r gath
estimated.
ering the orop and
it was secured in
excellent c o n d i
tion. But drought
generally cut off
top crop.
Decreased
Killing frosts Oct.
25 to Dec. 25.
orop
1*68 per cent.
P i c k i n g closed
about D ec. 20 to
Jan. 1.
Increased acreage
*
1*52 per cent.
741
T H E P U B L IC D E B T Q U E S T IO N .
To the Editor o f the Chronicle.
D bas Sir :—In your editorial in the Financial Chroniclb
o f to-day upon “ Public Debt Payment,” you refer to a propo
sition of mine upon this subject, but the facts, as stated b y
you, do not give a correct statement of the plan I proposed.
Its object was the “ Reduction of the Surplus,” instead of the
payment of the debt, and it was first advocated by me in my
report as Comptroller of the Currency for 1882. In substance
he proposed plan is as follows.
It provides for the refunding o f the 4 per cent bonds
amounting to about 788 millions, into two-and-a-half per
cents, in all respects precisely like the fours, except in the
rate o f interest, the Government offering to the holders of the
fours the inducement to exchange the old bonds for the new
by paying in advance the difference in interest between twoand-a-half per cent and four per cent as calculated by the
Actuary o f the Treasury Department. According to this cal
culation, the holder of $100,000 of four per cent bonds would
receive new two-and-a-halfs, maturing at the same date as
the fours, and in addition $23,552 cash, if the rate of interest
upon the interest advanced by the Government is cast at twoand-a-half per cent, or at a little above the borrowing power
of the Government. If the rate of interest is cast at four
per cent, the holder of $100,000 o f bonds would receive new
two-and-a-half per cents and $20,583 cash.
Holders o f the four per cents, including officers of banks
and trust companies and other corporations, have expressed
the opinion that if such an offer was made the four per cents
would be readily returned to the Government, either for con
version or for reduction in the rate of interest. Private indi
viduals who are satisfied with a small income hold Govern
ment bonds for the purpose o f avoiding taxation; national
banks hold them as security for circulating notes and for
Government deposits; savings banks and trust companies
hold them as a reserve and because they are not subject to
taxation; and insurance companies and other corporations
are required by law to deposit them with State authorities.
It is evident that a bond having a low rate of interest, payable
at the same time as the fours, could be used equally well for
any or all o f these purposes.
Senator Aldrich had a bill pending in the Senate which pro
vided that the two-and-one-half per centum bonds therein
authorized to be issued in exchange for four per centum
bonds, should not be called in and paid so long as any bonds
of the United States theretofore issued, bearing a higher rate
of interest, were outstanding and uncalled; and further it
provided that the last of such bonds should be first called in,
and that order of payment followed until all of such bonds had
been paid: The bill also authorized the issue of circulation of
National banks up to the par value o f the two-and-a-halfs.
Such legislation would immediately enhance the value of the
two-and-a-halfs, and the holders of the fours, particularly the
National banks, who now hold about 129)^ millions of them,
would hasten to make the exchange in order to obtain the
earliest numbers of the new bonds, for the same reason that
s im i l a r exchanges were promptly made for the three-and-a
half, and subsequently for the threes at the time those bonds
were issued.
The new two-and-a-halfs could also be made more valuable,
and the proposed exchange rendered certain, by extending
the date of the maturity o f a portion of the new bonds to a
date subsequent K> July 1, 1907, when the whole 738 millions
of fours mature. The Government cannot, of course, at that
time pay the whole amount, and would have to extend thetime of payment, reducing the rate, as it did at the date of'
the maturity of the five and six per cents on July 1,1881 r
when 579 millions of bonds were extended or continued at the
rate of three and a half per cent; or, as it did two years sub
sequently, on July 1, 1883, when more than 800 millions of
three-and-a-halfs were continued at the rate of three per cent»
If the date o f the payment of the new two-and-a-halfs to
be issued be postponed, at the same rate of interest, beyond
the maturity of the present fours, and made payable in instal
ments of 100 millions, annually during each year succeeding
July 1,1907, until the whole amount is paid, the last payment
of 100 millions would be July 1, 1913, leaving 37 millions to
be paid the following July. Or, if the annual payments were
fixed at 80 millions, then the final payment of 37 millions
would be in the year 1917, ten years after the maturity of thepresent bonds
his would make the new two-and-a-half pe
742
THE
C H R O N IC LE .
cents exceedingly desirable to all holders of United States
bonds, and particularly to that large class who desire the
longest bonds. The holders of the four per cents first pre
seating their bonds for exchange would receive the new twol
and-a-halfs having the longest time to run, and there is no
doubt there would be a brisk competition among holders to
obtain the longest bonds.
If the Governthent would also offer to the holders o f the
fours the inducements which are outlined above it may not
only refund all of these bonds into the two-and-a-halfs—the
lowest rate of interest of any government—but may at the
same time receive fo u r p e r cent interest upon the interest
which it pays in advance to these bondholders. In other
words, it may successfully reduce its surplus and complete the
whole transaction by offering for every $ 100,000 of the fours
the same amount of two-and-one-halfs and $20,583 cash.
According to the calculation of the Government Actuary,
the just and equitable amount to be paid to the holders in
advance as interest upon the. 738 millions of fours for an
exchange of such bonds for two-and-a-half p e r. cents, is
$173,810,000 in cash.
. With the additional inducement of an extension of the date
o f maturity of the new two-and-a-half per cents, there is no
doubt that the whole transaction could be consummated by
offering to the holders of the fours in the aggregate $151,903,000,
thus affecting a gain to the Government in the whole transac9^- $21,901,000, and at the same time providing an outlet
for the surplus during the next two years of $151,903,000,
according to the Actuary’s calculation.
., This plan for refunding the last loan of the Government, if
the proper legislation can be obtained, is perfectly feasible,
$nd can be readily carried out, and would surpass even the
brilliant transactions of. Secretary Sherman, when these very
bonds, the four per cents, were issued in the year of the
resumption of specie payments—1879.
The proposed plan will be of advantage to the bondholder,
and, owing to the existing circumstances, still more advan
tageous to the Government. It provides for the reduction of
the surplus as rapidly as the state of the Treasury will warrant,
and will give ample time for both parties to mature a bill for
a just and permanent reduction of the customs duties.
The present holders of the fours, as you say, can readily
realize the money upon their bonds if they desire to do so
by selling them at the present high premium. That is true,
but the present holders of United States bonds as a rule do
not desire to concert the p rin cip a l of their bonds into
money, and under the plan proposed the principal of the
bonds will not mature until the date of the payment of the
present four per cents; in fact, the date of the payment of a
considerable portion of the new bonds would be extended
after 1907 for a series of years, for the reason that the Gov
ernment will be unable to pay the whole amount of 730
millions of bonds on the date of maturity.
Another fact which has an important bearing on this
proposition is that by a close calculation it is found that if
the present four per cents are worth 129 in the market, the
new two-and-a-halfs would be worth certainly not less than
108>£ in the same market.
John Ja y K nox.
[V ol. X L 1Y.
4<A week o f May.
Cairo.Vincennes <fe C hic..
California Southern.......
Canadian Pacific. .
Chicago & East. Illinois..
Chicago St. L. & P itts ...
Chicago & West Mich .,
Cincinnati Ham. & D a y ..
Cm. Ind. St. L. & C h ic . . .
Cm. N. o . & Texas P a c ...
Alabama Great S o..
New Orleans & N. E ...
Vicksburg <fc M eridian..
Vicksburg Shrev. & Pac.
Cincinnati Ricn. & Ft. W.
' incinnati Wash. & Balt..
Cleveland Akron & C ol...
Col. & Cin. M idland.........
Det. Lansing & Northern.
H int & PereM arquette..
Florida R ’way & Nav. Co.
Ft. W orth & D en y. C ity ..
G ran d R ap id s & I n d .........
Grand Trunk o f Canada..
Houston & Texas C ent...
ludl’ fiieom. <fc W estern..
Lake Erie & W estern.. . . .
Louisy. Evansv. & St. L ..
L ou isville & N a s h v ille ___
Louisville N. Alb. & Cliic.
Marquette Hough. & On.
Mexican Central............
Mexican Nat. (So. D iv .)..
Mil waultee & N orthern...
Minnesota & N orthwest..
N. Y. Ontario & Western.
St. L. Alt. & T. H. (M. L.)
St. Louis Ark. & T e x a s ...
Tol. Ann Arbor & No Mich
Toledo &,Ohio C entral...
Wabash W estern_____
Wheeling .& Lake E rie___
Wisconsin C e n t r a l........
Minn. St. Croix & W is..
Wisconsin &' Minnesota
Total (61 roads).........
N et Increase (2 9/1 8 p. c t )
. 188 7 .
1 8.1 69
2 9,2 38
3 0 2 ,0 0 0
4 0 ,9 6 6
142 ,30 4
3 4 .7 15
8 5 ,9 0 7
6 9 ,8 0 4
9 5 ,5 9 5
4 1 ,8 4 0
2 0 ,5 2 0
1 2,1 35
1 3 ,1 3 7
1 0 ,2 0 6
5 1 ,6 9 7
1 4 ,3 0 0
6 ,9 3 3
3 2,7 71
7 1 ,9 8 5
2 4 ,6 5 2
12,191
60,291
3 3 3 ,7 9 9
4 0 ,0 38
5 4 .7 49
4 4 ,8 4 7
2 0 ,3 6 8
3 9 0 ,1 0 0
5 9 ,8 6 6
3 9 ,6 2 7
1 3 5 ,3 1 0
3 2 ,3 1 3
23,6 64
3 2 ,6 2 0
4 0 ,4 6 8
3 1 ,7 0 4
4 5 ,4 9 5
1 0 ,4 3 6
2 3 ,1 7 7
1 7 3 ,03 5
18,026
6 1 .8 4 4
1 2 ,7 87
2 3 ,3 0 6
3 ,8 4 1 ,7 8 5
188 6 .
Increase.
$
16 50t
1 2,4 92
2 7 1 ,0 0 0
3 5 ,9 8 8
1 1 0 ,5 2 7
34^173
5 9 .0 9 8
5 7 ,4 8 5
2 2 ,4 0 9
1 6 j4 5 6
1 1,7 39
1 0,4 29
8 ’4 80
46,341
1 3 ,5 2 6
$1 ,6 6 8
1 6 ,7 46
3 1 n on
4 ,9 7 8
22 777
*542
2 0 m 9.
10 706
3 8 ,1 1 0
19,431
4 ,0 6 4
396
2 70«
1,7 2 6
5 356
8 32Û
3 1 ,3 15
5 6 ,2 54
17,635i
7 ,839
4 8 ,949
3 1 5 ,8 1 8
3 7 ,3 7 5
5 5 .2 8 9
3 8 ,2 8 3
1 8 .5 2 4
2 8 8 ,0 1 9
3 9 ,4 1 2
4 1 ,0 5 0
9 6 ,9 8 8
3 0 ,5 6 7
15^660
1 1,9 16
3 3 ,1 1 «
3 2 ,4 7 4
3 4 .9 61
7 ,5 3 «
2 4 ,1 53
1 3 9 ,4 0 4
14,2 48
1,456
1 5,731
7 ,0 1 7
4 ,3 5 2
11,34.2
1 7,981
2 ,6 6 3
Decrease.
9
.... ....
1 ,396
............
540
1,84,4
1 02,081
2 0 ,3 5 4
3 8 .3 2 2
1,7 4 6
8 004
2 0 ,7 0 4
7 ,3 5 2
1 0 ,5 3 4
2 ,9 0 0
3 3,6 31
7 ,0 1 3
5 ,2 7 9
1 5 ,3 8 1
5 ,7 7 4
1 8 ,0 2 7
2 ,9 7 3,99 1
878,201
........
1,423
......... *
768
9 76
1 0,4 07
8 6 7 .7 9 4
ptmietarii! (Cumwercial % nrjXisTxJJmus
[F ro m ou r o w n co r re sp o n d e n t.]
L o n d o n , Saturday, May 28, 1887.
The past week has been a comparatively uneventful one.
Some slight increase in Stock Exchange speculation has been
observed, ail'd the issue of new companies partaking more or
less of a speculative nature has continued; but in real commer
cial transactions nothing fresh has occurred. There has, per
haps, been a slightly better inquiry for iron, but quietness is
still the characteristic of the woolen and cloth industries.
It is well for the future of trade that the value of raw mate
rial has not been extensively manipulated. As it is, the
revival of business in cotton goods has been, to a certaih
extent at least, checked by the speculative corner in cotton at
Liverpool, The Manchester Cotton Spinners’ Association are,
in consequence of this, considering the advisability of running
short time, since they maintain that at the present value of
raw material and the low prices current for yarns and cloth,
the latter can only be manufactured at a loss. The price of
cotton is anything but high, but unless the value of the manu.
factured article can be enhanced, the endeavors to force up
the price of the raw material will be defeated by the curtail
ment of consumption.
Stout obstacles to improvement in trade still exist, not the
least important amongst which are the uncertainty respecting
the political future and the lateness of the season. W e may,
W E E K L Y E A R N IN G S.
however, satisfy ourselves that trade is moving, though the
For the first week in June ten roads (all that have yet progress is very slow. A t the same time it is extraordinary that
reported) show a gain of 15 "23 per cent.
^
the commercial demand for money does not expand; the rate
for discounting three months’ bills cannot be maintained even
,... 1 si iqeck o f J u n e.
188 7 .
1886.
In crea se.
D ecrease.
at 1 per cent, whilst short loans are granted at figures which
are quite nominal. It is hard to reconcile this difficulty of
$
9
9
B u ffa lo N . Y . & P hi]a . . . .
4 8 .0 0 0
5 3 ,8 0 0
*5,500 finding employment for money with symptoms of improving
C h ica g o & A tla n t ic ...........
3 3 ,5 9 6
2 8.0 44
4 ,9 5 2
C h ica g o Mil .& St. P aul..
5 1 2 ,0 0 0
4 6 5 ,7 4 5
4 6 ,2 5 5
trade disclosed in other quarters, namely, the increased rail
C in cin n a ti H am . & D a y ..
5 8 ,8 8 7
5 1 ,6 1 6
7 ,2 7 1
D e n v e r * R i o G r a n d e ....
way traffic and the heavier returns published by the Bankers’
1 37 ,86 9
1 28 ,16 6
9, 03
L o n g In la n d ........................
75,0 51
7 2,1 71
2 .8 3 0
Clearing House. However,’ though available balances are
M ilw a u k ee L. 8. &W est .
8 3 .8 5 6
5 1 ,J00
3 2 .7 5 6
H . Y . City & N orthern . . .
1 1 ,2 25
11,354
129 heavier now than they were a year ago, the margin is not so
N o rfo lk & W estern ..........
8 5 ,4 5 2
4 3 ,4 5 2
4 2 ,0 0 0
S t. P a u l & D u lu th .............
wide but that a moderate and sustained increase on the de
3 9 ,0 4 «
3 5 ,5 4 0
3 ,5 0 6
mand would soon bring about a close assimilation, and appre
T o ta l (1 0 ro a d s ).......... 1 ,0 3 4 ,9 8 2
9 41 ,58 8
149 ,32 3
5 ,929
ciably influence discount quotations.
N e t in crea se (15-23 p. c.)
143 .39 4
Money has remained very quiet and easy, with an abund
T h e fin a l s ta te m e n t f o r th e fo u r t h w e e k o f M a y c o v e r s
ance of capital lying idle. The employment offering does not
s i x t y - o n e r o a d s , a n d t h e i n c r e a s e r e a c h e s o v e r 29 p e r c e r / .
increase. At the fortnightly Stock Exchange settlement, just
4th w e ek ,o f M ay.
1887.
completed, the demand for loans fell far below the capital avail
1886.
In crea se. D ecrease.
able; so much so that the banks readily lent to the House at the
$
$
9
9
P r e v 'ly r e p ’ted (14 road s) 1,823,645] 1 ,5 4 2,39 4
283 .15 5
1,9 0 4 rate of 1% and 1% per cent per annum for the fortnight. Short
A tla n tic * P a c ific .............
58,3 39
3 2 ,0 75
2 6 ,2 6 4
and occasionally as low as 3^, per
B u ffa lo N. Y . * P h ila .. .
6 6 .1 0 0
6 9,5 00
3 ,4 0 0 loans can still be had at
B u ffa lo R ooh . & P it t s b ...
5 4 .7 64
2 4 .5 1 4
3 0 .2 5 0
cent, and the discount rate for three months’ bills was weak,
J une 11, 18&7.J
743
CHRONICLE.
even at % to 1 per cent. The Bank
turn shows no important changes, br
t, rt-Serso hits
a further accession o f strength.
£241,980, of which £207,345 is on u ■ t .o hu .eased b « !:. | <
atw n. Of the no
and £34,635 due to decreased not«
crease in bullion about £150.000 Wtsz. lur ked from genera
are about £247,000
circulation. The aggregate drt sh
vities have decreased
more than last week, whii-t whe
i.e rr' ^ ‘r' ,s now £14,886,900 and
£136,360. The amount m, tthe
kC'nf.tuO, i.* * gain in each case over
the stock of bullion
tk ra-e v as 3 per cent, being about
last year, when the
i o n o f reserve to liabilities is now
£4.000,000. The pro
r iß |fer cent last week.
47*54 per cent, afdijl
. ...v/s the position of the Bank o f
The followin .; ret'
; , Liscount, the price of consols, «fee.,
England, the bank •
hree years:
compared with the p;
funds if only honest dealing in the future can be guaranteed.
There is unquestionably a more speculative feeling abroad,
V-Inch is fostered by a superabundance of money; but those
■v : were unfortunately interested in Peruvian securities
•key were in the “ fifties” and “ sixties ” may be excused
o u \ look askance when requests are made for additional
4,de continues to be characterized by firmness,
d only fully maintained the late advance, but
■ored a further rise of 6d. per quarter. The
has oc
puts i rv is the main cause of the improvement,
America
but the la; < ! - >f ; i ,a season also materially assists in supl . I<, not withstanding that the general appear*
porting th e. : jrlu
ance of the crov -N■ p... f??.oipry. However, the possible effects
■. be said to be in a measure disof a late harvt^ ixfa
h ulative movement collapse a
counted, and sho>>
" ?*. . y be looked for.
general unsettlemeiT >
1884,
1885.
m il Department of the Govern1886.
1887.
The Revenue and A^.
£
£
________________
e following report, dated Simla»
£
ment
of India have issu
•e
Circulation, excluding 7-day and
21.484,110 24.223,865 25,386,900
April
27th,
1887,
on
the
estimated
outturn of the wheat crop
other bills....................................... 34,533.276
7.519,089
9,086,240
4.084,893 6,564,827
Public deposits.............................. .
22,618.612 27,931,058 28.180.054 in the lower provinces of Bengal for the season o f 1886-7 :
Other deposits................................... 26,110,343
12.639.977
The cultivation of wheat on a large scale is in the lower
Government securities.................... 15,420.835 14.833.498 14,04)7,131
20.838,282 21,812,326
provinces confined to the Patna and Shahabad districts of the
Other secu rities.............................. 18.660.929 21,210.566
10,988.054 18.308,515 15,552,016
14.886.00S
Patna division, and to the Bliagulpore and Mongliyr districts
Reserve o f notes and coin..............
26.841,380 25,138,936
Coin and bullion .. ......................... 23,669,17S 19,672,164
48 p. c* of the Bhagulpore division.
61% p. c.
Reserve to liabilities...................... 47*54 p. c. 37% P- 0.
Excessive rain during September and October last made it
2% p .o
2 p. c.
3 p. c.
2 p. c.
Bank r a t e ........................................
101% impossible to prepare land for wheat in due time, and the crop
102
100%
10»
7-16
Consols................ ...............................
86,783,000 86.109,000 75.640,0(2 9',480,000 has, moreover, suffered from rust brought on by heavy rains
Clearinff-House return.
in January. On the whole it may be said that the area sown,
Messrs. Pixley & Abell write as follows on the state of the was less than the normal and the outturn will be about threefourths of the average.
bullion market.
These estimates are based on reports which district officers
G old Is still In dem an d fo r G erm any. T h e B a n k o f E n gla n d pur
ch ased du rin g th e w eek
6 ,0 0 0 and s o ld £ 5 0 ,0 0 0 . The a rriv als are received from European indigo planters, managers of wards,
£ 3 2 ,0 0 0 from B u en os A v res, £ 1 6 5 ,0 0 0 from A ustralia and C hina,
£ 3 ,5 0 0 from M adras, £ 2 , ( 0 0 fto m th e C ape an d £ 2 6 ,0 0 0 from and Government estates, selected zemindars and others.
These reports were forwarded to this office with district
C entral A m erica; tota l, £2*28,500.
■
SifVer.— W illi w ea k en in g e x ch a n g e s, th e p r ic e g r a d u a lly d eclin ed officers’ criticisms and remarks. The estimates have no claim
u n til 43V I . w a s tou oh ed y esterd a y. W ith s lig h tly firm er exch a n g e, to statistical accuracy, but district officers and the selected
and a s ca n tily su p p lied m arker, w e to-d a y q u ote 4 3 9-16d. £ 2 1 ,0 0 0 h a s
been receiv ed from Chile and £ 5 2 ,0 0 0 from N ew Y ork ; tota l. £ 7 3 ,0 0 0 . reporters have taken much'',trouble in the preparation of them,
T h e K h ed iv e has taken £ 5 7 ,5 0 0 to B om b a y . M ex ica n d o lla rs are and they are on the whole believed to be fairly trustworthy.
1
again nom inal in the a bsen ce o f supplies.
Tenders for £2,000,000 Treasury bills are to be received by
the Bank of England on June 3. This is £406,000 less than
the sum maturing—£1,860,000 having been placed in March
last in three months’ bills, at an average of £2 19s. 0*25d, and
£546,000 in December last in six months’ bills at an average of
£2 17s. 1 8-16d.
Vienna advices notify the completion of the arrangements
for the issue of a Bulgarian loan of 20,000,000 francs at 6 per
cent interest, the issue price being 90 per cent.
Messrs. J. S. Morgan & Co., having acquired by purchase
£2,370,000 five per cent debenture stock and £500,000 five per
cent preference shares,'of £20 each, [of the^Argentine Great
Western Bailway Co., Limited, are now offering them to the
public at 96J^ per cent for the debentures and £19 for each
£20 share.
Stock Exchange and financial circles have been rather exer_
cised of late by the endeavors to rehabilitate the credit of
certain Central and South American States, which has been
at a very low ebb for a very long time. The first reports were
regarding Honduras, but they seem to have been premature,
and, for the moment at least, have been allowed to fall into
abeyance. During the past day or two, however, we
have been treated to a variety of rumors respect
ing Peruvian affairs which promise to bear fruit
of some description. It is now stated that a contract has
been signed by the bondholders’ committee and the special
commissioners of the Government for the re-arrangement of
the debt; on what basis has yet to be discovered. It is also
reported that the Government are going to transfer the rail
ways to the bondholders, and that the bondholders are to
have the concessions for new lines. There is talk too of
privileges to work mines and petroleum deposits and export
guano. However, so far, with nothing tangible to go upon,
the affair may be considered to be more or less in nubibus;
but to carry out the arrangements it is hinted that another
loan will be required. The amount is placed at £2,000,000
and Messrs. Baring Bros, are mentioned in connection with it,
with what amount of truth remains to be seen.
Peru has been a defaulter for some 12 years, and it will
require very strong backing to place another loan on this
market. The nominal amount of the loans quoted here is
about £32,000,000, about two-thirds being in 5 per cents and
the balance in 6 percents; but it is understood that large parcels
of the stock are held on the Continent, especially in Holland.
The present is certainly a favorable opportunity to raise fresh
B n g lU h
F i n a n c i a l f f l a r k e t t - P e r C a b le .
The daily closing quotations for securities, &c., at Lonaon
are reported by cable as follows for the week ending June 10;
Sat.
L ond on.
M on.
4316,6
s ilv e r , p e r o i ................ d . 4 4
C ju s o is f o r m o n e y .......... 1 0 2 3 ,6 1021,6
1021,6
UonaolB fo r a o o o u n t.......
Fr’ c h re n te s (ln P aria) fr 82*05 81*95
112 %
Ü .S . 4% s o f 1 8 9 1 ............ 1 1 2 k
132 %
132%
O. S. 4 s o f 1 9 0 7 .. .
82 %
6 3%
C anadian P a cific..
95
Ohio. M il. & St. P a u l .. .. 9 5%
34
78
35
Brie, co m m o n s t o c k . . . .
1 40 %
140 %
Illin o is C e n t r a l...
67
%
5 7%
P e n n s y lv a n ia . . . .
26%
2 6%
116k
N ew Y o r k C e n tra l.......... 1 16 %
Tues.
Wed.
43 78
433 ie
lo in ,, 10111,6
1 0 l l l ,R
101 %
82*02% 81*95
112k
112k
132%
132%
6 0%
62%
9 3%
94 k
3 4 7s
33 %
140
140k
5 6%
57%
2 6%
26%
116
116%
Thur».
F r i.
433,6
1019,6
101 %
81*92%
112%
132%
6 1%
93%
3 4%
139
5 6 7a
26 k
116
*43^7
lO H iie
io in 18
82*00
112%
1321s
621«
94%
3414
13038
5 0%
265s
116%
Œommjexxial aucl ptisccllaiieiuis
Imports and Exports for the W eek .—The imports of last
week, compared with those of the preceding week, show an
increase in both dry goods and general merchandise.
The total imports were $8,430,645, against $7,149,007 the pre
ceding week and $11,423,543 two weeks previous. The exports
for the week ended June 7 amounted to $5,764,222, against
$5,743,018, last week and $5,745,155 two weeks previous. The
following are the imports at New York for the week ending
for dry goods) June 2, and for the week ending (for gen
eral merchandise) June 3 ; also totals since the beginning of
the first week in Januarv:
FOREIGN IMPORTS AT NEW T O R E .
1885.
188 6 .
1887.
F o r Week.
1884.
Dry G o o d s..........
Gen’l m e r ’d ia e ..
* 1 ,5 8 8 ,5 6 7
6 ,3 8 5 ,8 0 0
T o t a l........
Since J a n . 1.
Dry G o o d a _____
(Jea’l m e r ’ d ia e ..
$ 7 ,9 7 4 ,3 6 7
$ 7 ,0 75 ,7 8 7
$ 6,4 3 3 ,1 4 9
$ 8 ,4 3 0 ,6 4 5
* 5 0 ,7 9 0 ,7 7 1
1 40 ,35 5 ,0 2 5
*4 2,1 78 ,4 2 5
1 1 7 ,85 0 ,1 0 9
$ 3 0 ,55 2 ,9 8 1
1 3 4 ,9 1 3 ,7 6 9
* 5 3 ,4 8 5 ,9 0 7
1 * 6 ,8 2 9 ,7 3 3
$ 1,1 9 4 .9 4 3
5 ,8 8 0 .8 4 4
$ 1 ,2 9 7 ,0 3 4
5 ,1 3 0,11 5
$ 1 .6 8 7 ,1 1 0
6 ,7 4 3 ,5 3 5
Total 22 w eek s. $ 1 9 1 ,1 4 5 .7 9 6 $16 0 ,0 2 8 ,5 34 $ 1 8 5 ,4 8 6 ,7 50 | $ 20 0 ,3 1 5,64 0
In our report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 7,1887, and from January 1 to date:
EXPORTS FROM NEW T O R E FOR THIS W EEK.
1884.
F or t h e w e e k . ..
P r e v .r e p o r t e d ..
$ 8 .4 3 5 ,0 7 5
1 1 6 ,96 5 ,8 9 2
188 5 .
*6 058 .74 9
134,42 9 ,1 6 5
1886.
$ 5,9 ¡1 ,6 8 4
1 19 ,8 0 2 ,7 2 6
1887.
$ 5 ,7 6 4 ,2 2 2
1 2 4 ,5 2 2 ,4 2 7
T otal 2 2 w eek s. $ 1 2 5 ,4 0 1 ,0 6 7 $ 1 4 0 ,4 8 7 ,9 1 4 $ 12 3 .7 4 4 ,4 1 0 $ 1 2 7 ,2 8 6 ,6 4 9
The following table shows the exports and imports of specie
at the port of New York for the week ending June 4, and
BT HE CH RONIC tT R
[Y o u X U Y .
since January 1, 1887/ and for the corresponding periods in
North l Carolina has repudiated these bonds in toto, and as
1886 and 1886:
the United States Supreme Court has always steadily upheld
that 'provision o f the U. S. Constitution which forbids an
EXPORTS AMD IMPORTS 0 7 SPECIE AT HEW Y O R K .
action against a State, there is little probability that any tax
■«¡A
E xports.
w ill ever be laid to pay these bonds, or that they will ever be
Im ports.
Kht E l Sole1.
recognized
IrtBHii
W eek.
Great B r ita in ............
F rance..........
G erm a n y ....................
West I n d ie s ................
M e x ic o ..................
South A m e r i c a .......
A ll oth er coun tries. . .
T ota l 18 87...........
T otal 1 8 86...........
T ota l 1 8 8 5 ..........
S ilver.
G reat B r ita in ............
F rance................... .
G e r m a n y ..................
West Indi<»e................
M ex ico... ..................
South A m e r i c a .......
A ll other co u n trie s...
[in T otal 1887______
B9fir Total 1 8 8 6 ..........
If* T otal 1885...........
Since Jan. 1.
$1,000
$71,248
8,257
968,101
2,320,025
54,384
87,275
1,710,500
362,054
$142,659 $5,440,185
2,105,880 29,660,207
6,010,120
7,C00
$153,800
22,000
$175,800
148.100
353,812
W eek.
$ .. .
2,373
200
Since Jan. 1.
$1,578,10^
1,507,165
357,653
1,027,046
. 5,690
157,144
53,589
$2,573 $4,686,394
14,252
2,718,276
35,992
5,324,417
$3,770,939
676,573
114,590
98,974
16,581
42,712
19,335
2,152
$4.639,704
5,082.312
7,162,184
$3,273
29,145
41,154
$97
1,024
$57,397
800
146,665
343,422
53,873
186,275
177,190
Philadelphia Company (Natural Gas).—This company has
already issued nearly all the additional $3,000,000 new stock
in taking in Pennsylvania Natural Gas Co. It is negotiating
with the Chartiers Co., which it may also lease, leaving only
one independent company. The People’s Philadelphia Co.
has about $ 1 ,000,000 floating debt, which it is likely will
be liquidated from proceeds of new stock.
— The attention o f the cotton interest is
of Messrs. Geo. W . Baily & Co. in to dav’ .
firm is composed of young and energc .
ed with all departments of thecotfr.. fe v,
facility for the quick and satifr a
m
entrusted to their care.
died to the card
ronicle , This
.veil acquaint
d aving every
i t of orders
—Messrs. N. W . Harris $ ;
} f Hon & Co. of Chi
cago have just pure!
;
.
.6 issued by Dakota
Territory, nearly all - << a$ - per cent interest, and paid
$965,622
about
half
of
one
p
v.
mm.
There
were numerous
713,987
7o8,970 bids at the sale by the 1 aspripiy
Of the above imports for the week in 1887 $3,145 were
American gold coin and $3,397 American silver coin. Of the
exports during the same time $141,659 were American gold
coin.
—The attention of irivSitoi'S is called to the certificates and
bonds of the Gas Trust Company o f Chicago, dealt in by the
well-known house of Messrs. P. J. Goodhart & Co. of this
city. These securities have been more or less active in this
market of late.
United States Sub-Treasury.—The following table show
Auction Sales.—The following were sold this week at
the receipts and payments at the Sub-Treasury in this city, a
well as the balances in the same, for each day of the past w eek. auction by Messrs. Adrian H. Muller & S on :
Shares.
B a lan ces.
D a te.
R eceipts.
P a ym en ts.
H S üa
June 4
••
6
“
7
«
8
“
9
«
10
$
7 1 7 ,5 4 7
1 ,2 4 6 .6 6 8
1 ,3 7 4,97 8
7 66 ,46 8
9 0 9 ,2 2 3
1 ,0 8 3 ,8 5 0
$
1 ,1 5 9 ,4 8 5
1 ,4 8 5 ,2 6 6
1 ,0 6 4 ,6 9 5
1 ,0 5 7 ,7 2 0
9 4 3 ,15 8
1 ,3 0 8,03 5
T o ta l ..
6 ,0 9 8 ,7 3 4
7 ,0 1 8 ,3 5 9
C oin.
(Join Oerl’s.
C u rren cy .
$
1 3 5 ,0 7 8 ,2 8 0
1 3 5 ,02 2 ,7 0 4
1 3 4 ,96 5 ,5 4 8
1 34 .9 9 3 ,6 9 5
1 3 4 ,87 1 ,8 4 7
1 34 ,87 2 ,1 8 9
$
2 2,6 9 3 ,7 3 1
2 2 ,6 4 8 ,2 3 1
2 2 ,9 5 3 ,2 0 7
2 2 ,6 4 4 ,3 9 0
2 2 ,7 0 0 ,1 7 2
2 2 ,5 0 3 ,8 2 0
1 5 ,3 7 7 .8 7 6
1 5,2 4 0 ,3 5 3
1 5 ,3 0 2 ,8 1 7
1 5,2 9 2 ,2 3 5
1 5 ,3 2 4 ,3 6 6
1 5 ,2 9 6 ,1 9 1
Silver B ullion Certificates.—The Stock Exchange this
week granted the application to list these certificates. The
silver bullion which will form the basis of the certificates will
be received by the Mercantile Safe Deposit Company, in the
Equitable Building, and kept in the vaults under locks con
trolled both by the Deposit Company and the Western National
Bank. The certificates will be steel engraved, in form and size
resembling petroleum oil certificates. They will be registered
and countersigned by the Western National Bank of New
York, and deliveries will be made by them.
Under the agreement with the Stock Exchange the follow
ing regulations will be observed.
“ N o b u llion w ill b e reo e iv e d o f less fineness th a n 9 9 8 ; n o sin gle b a r o f
gre& ter w eig h t th a n 1 ,2 0 0 o u n ces w ill be reoeiv ed on dep osit.
“ N o b a r w h ich has been p a id ou t fr o m th e d e p o sit co m p a n y w ill b e
a ga in r e c e iv e d e x c e p t u n d er a sa tisfa ctory gu aran tee fro m d e p o sito r as
t o w e ig h t and fineness, a n d th a t suoh b a r b as n o t been ta m p e re d w ith.
“ T h e W estern N a tion a l B a n k o f th e C ity o f N ew Y o r k reserv es th e
rig h t t o refu se d ep osits o f th e k in d re fe rr e d to in th e p re ce d in g p a ra
gra p h . I t w ill, h o w e v e r, re c e iv e bars o f a lo w e r d eg ree o f fineness th a n
9 98 , a n d cause th e b ars to be refin ed a t th e e x p en se o f th e d e p o sito r, so
as to b rin g the b u llio n o f lo w e r g ra d e w ith in th e term s o f th e re q u ire
m en ts o f th e S tock E x ch a n g e .
“ T h e ch a rg e fo r issu in g certifica tes w ill b e 25 oents fo r ea oh ce rtifica te
o f 1 ,0 0 0 ou n ces, a n d th e ch a rg e fo r s tora g e w ill b e 1 ce n t p e r d a y fo r
e a oh certifica te o f 1,000 ou n ces.
“ T he M erca n tile S afe D ep os it C om p a n y w ill r e p o rt b y 1 0 A . M. o f
e a ch business d a y to th e S tock E x o h a n g e th e a m ou nt o f b u llio n o n
h a n d a t th e close o f eaoh business d a y , a n d fu rn ish a s ta tem e n t o f th e
ce rtifica tes issued o n su ch d ep osits.
“ T h e W estern N a tion a l B an k w ill also fu rn ish th e S tock E x o h a n g e
d a ily a t th e sam e h ou r, th e certifica tes reg istered a n d in h a n d to be
re g istered , if a n y, issued b y th e d e p o sit o o m p a n y u p t o th e clo s e o f
b u sin ess h ou rs o n th e p re ce d in g d a y .”
2 0 N inth A v e . R R . C o ..........1111«
4 7 B ro o k ly n G as L igh t C o .. 1 06 %
14 C itizens’ Gas L ig h t Co. o f
B r o o k ly n ......................... 6 0 1«
1 M e tro p o lita n G as L ig h t
C o. o f B r o o k ly n .............. 87%
6 0 N assau G as L ig h t Co. o f
B r o o k ly n .......................... 1 04
1 00 S e co n d A v . R R . C o .l3 0 3 > 1 2 9
1 2 0 B r o o k ly n & N . Y . P e rr y
C o ........................ 1 6 9 % ® 1 67
13 W ’m sb u rg G as L ig h t C o. 122%
1 0 E a g le F ire Ins. C o........... 2 5 4 %
2 0 Brush E le c tr ic I ll’n g C o. 95%
2 0 N. Y . f i r e Ins. C o............. 95
15 P ro d u o e E x c. B k .l l 4 % ® 1 1 4
2 0 C en tra l P a rk N o rth &
E ast R iv e r R R . C o ........ 9 1%
17 S eoon d A ve. R R . Co........1 28 %
25 E le v e n th W ard N at. B k. 2 5 0
3 7 C on ey Isl’d J o o k e y Club. ICO
a tt M t t g
Shares.
1 0 M a n h attan L ife Ins. C o . 5 0 0
2 5 P h é n ix F ire Ins. Co. o f
B r o o k ly n ............... . . . . . 1 2 5 %
11 B a n k o f A m e r ic a ........... 1 7 7
5 0 A m er. L o a n & T ru st C o . 1 3 5 %
2 o 0 C ent. A m er. T ra n sit C o . $ 1 7 5
38 C olu m b ia n N at. B a n k o f
B o s t o n ................................130
3 6 T re m o n t N at. B a n k o f
B o sto n ..-...............
101%
8 N at. S eou rity B a n k o f
B o sto n .............................. 186
B on d s.
$ 2 4 ,0 0 0 A tlautio'M u tu al Ins.
Co. S orip o f 1 8 8 4 .................. 1 0 2
$ 5 .0 0 0 E a s t .* G d .T ru n k R R .
Co. 1s t, 6s, g u a r’d b y M il.
L a k e S h ore <fe W est. R R . . . . 1 03
$ 1 ,0 0 0 J e rs e y C ity 7 s, R e g .,
d u e 1 9 0 5 .................................. 1 2 0
a n d
f f it t it u c ia l.
U n ited States G o v e rn m e n t a n d o th e r d esirab le
S E C U R IT IE S
FOR
I N V E S T O R S .
AH sto ck s an d b on d s listed o n th e N ew Y o r k S took E x o h a n g e b o u g h t
and so ld o n com m ission fo r cash.
D e p o sit a coou n ts re o e iv e d a n d in te re st a llo w e d on m o n th ly b a la n ce s
s u b je ct t o d ra ft a t sight.
H A R V E Y
FISK
&
SONS,
38 N assau Street, New Y ork .
C a r o lin a C e n tra l R R , 6s.
H e le n a & R e d m o u n ta in 6s, (North. Pac. Guarantee.)
B r o o k l y n C a b le C o . 6s,
New York & P erry Coal & Iron Co.—Stockholders have
P o t ta w a tta m ie C o ., I o w a , 6s,
voted to increase the capital stock from $1,500,000 to $8,000,000,
C itizen s’ G a s-L igh t, G o ld , 6s,
the additional stock to be used in the purchase of coal, iron
ore and limestone lands, and for increasing the capacity of
C h ic a g o R o c k Is la n d & P a c ific 6s,
output of pig iron by erecting other furnaces, etc. Applica
tion to list such additional stock will be made to the Stock
Exchange.
¿ North Carolina Bonds.—A dispatch from Raleigh, N. C.,
says that Judge Bond, of the United States Circuit Court, has
decided the case of the special-tax bond holders in their favor.
This suit was brought by Alfred H. Temple, of Raleigh, N. C.,
in the interest of Morton, Bliss & Co., of this city, and other
holders of the special tax bonds of that State. The State of
North Carolina issued those bonds in 1869 and has not paid the
interest for many years. The payment was secured by a pro
vision in the act of issuance, wnich ordered a levy of a special
tax on all the real and personal property of the State of oneeighth of one per cent. The object of the suit was to compel
the State officials to levy this tax to pay the overdue coupons,
which amount to nearly one hundred per cent of the total
issue of the bonds. The decision holds that the acts passed
by North Carolina to stop the collection of taxes to pay this
interest are null and void, and that the agents o f the State
must collect the taxes to pay the i n t e r e s t . _
FOB SALE BT
COFFIN & STANTON, Bankers,
10, 11 and 12 Mortimer Building, W all Street, N. Y .
S S I ,5 0 0
SC H O O L
D I S T R I C T , N O R T H D A N S V IL L B ,
N ew Y o rk ,
F O U R P E R C E N T B O N D S.
INTEREST AND PRINCIPAL PAYABLE AT THE NATIONAL PARK BANK, N. T .
A ssesse d V a lu a t io n , $ 1 ,3 0 0 ,0 0 0 .
T o t a l I n d e b te d n e ss, $ 2 6 , 5 0 0 .
N o b e tte r s e cu rity ca n b e fo u n d f o r trust estates o r p riv a te in v e s tm e n t.
(A L S O , C H O IC E
W E S T E R N T O W N S H IP J A N D
COUNT k BONDS. |
FOR SALE BY
GRISW OLD
&
GILLETT,
N o . 3 W a l l S tree t, N e w Y o r k .
J une
T H E C H R O N IC LE .
11, 1887.J
The following were the rates of domestic exchange on N ew
York at the under-mentioned cities to-day: Savannah, buying
par; selling
premium; Charleston buying par@|- pre
mium; selling 8-16® Jpremium; New Orleans, commercial, 75«.
premium; bank, $1 50 prem.; St. Louis, par. Chicago, 25«
discount.
The rates of leading bankers are as follows:
^ Ix e ^ a w T ije rs' (S & a e tte .
D I V ID E N D S «
T he fo llo w in g d iv id en d s h a v e re c e n tly b een a n n ou n oed :
P er
Cent.
N am e o f C om pany.
When
Pa ya ble.
B ook s Closed,
( D a ys inclu sive.)
R a ilr o a d s .
Missouri Paoiflo (q u a r.)...................
New Y ork & H a rlem ..........................
R ichm ond & D a n v ille ........................
R ichm ond & W est Pt. Ter. p r e f.
3**
1%
4
3
2*3
J u ly
J u ly
J u ly
J u ly
J u ly
P hiladelph ia C o. (m o n t h ly )..........
W estern U n ion T el. (q u a r.) ...........
1
1
June
J u ly
M is c e lla n e o u s .
1
l
1
1
1
18
16
23
23
to
to
to
to
J u ly
J u ly
J u ly
J u ly
1
1
4
4
20 J u n e 15 to Ju n e 20
15 J u n e 21 t o J u ly 1
W A L L S T R E E T , F R I D A Y , J u n e 1 0 , 1 8 8 7 - 3 P. M.
at
Loans an d d lso’ts. 3 6 5 ,2 3 1 ,7 0 0
S pecie...................... 7 2,4 9 9 ,9 0 0
C ircu la tion ...........
8 .2 6 0 .7 0 0
Net d ep osits.......... 3 7 1 ,3 0 7 ,1 0 0
Legal te n d ers........ 2 4,6 5 4 ,6 0 0
Legal re s e rv e ........ 9 2 ,8 2 6 ,7 7 5
R eserve h e ld ........
9 7 ,1 5 4 ,5 0 0
Surplus........
«
D iffr’ n c's f r ’ m
P rev. Week.
1886.
J u n e 5.
$
$
I n o . 7 6 8 ,2 0 0 3 4 2 ,8 2 4 ,0 0 0
D eo.1 ,2 5 5 ,7 0 0 6 7 ,4 3 9 ,0 0 0
D ec.
5 ,3 0 0
7 ,8 2 2 ,2 0 0
D ec. 1 5 3 ,7 0 0 3 6 4 ,3 8 3 ,7 0 0
D ec. 2 3 4 ,6 0 0 3 5 ,7 2 4 ,9 0 0
D ec.
3 8 ,4 2 5 9 1 ,0 9 5 ,9 2 5
D e c.1 ,4 9 0 ,3 0 0 1 0 3 ,1 6 3 ,9 0 0
4 ,3 2 7 ,7 2 5 ¡Deo. 1 ,4 5 1,87 5
1 2,0 6 7 ,9 7 5
1885.
J u n e 6.
$
2 96 ,3 0 7 ,2 0 0
1 14 ,60 0 ,1 0 0
1 0,1 16 ,5 0 0
3 6 4 .2 1 4 .3 0 0
3 6.4 7 1 ,2 0 0
9 1 ,0 53 ,5 7 5
1 5 1 .07 1 .3 0 0
6 0,0 17 ,7 2 5
Exchange.— The sterling exchange market remains in a very
dull and lifeless condition, and during the past week there
has been no activity worth mentioning. In fact, the almost
entire absence of demand has led to considerable weakness,
and rates have gradually given way, though the posted rates
are only ^c. lower than a week ago, viz: 4 85£ and 4 87.
To-day the rates on actual business were as follows, v iz .:
Bankers’ 60 days’ sterling, 4 84f@ 4 85; demand, 4 86
@4 86£. Cables, 4 86^@4 86£. Commercial bills were 4 83J@
4 83J; Continental bills were: Francs, 5 20f @5 21 ^ and 5 1 8 f;
@ 5 19f; reichmarks, 95@95£ and t95f@ 95£' guilders, 40
©40J and 40£@40$.*
S ixty Days.
J u n e 10.
June
June
Jnne
June
The Money Market and Financial Situation.—We have
had another dull week, and brokers now are beginning to look
forward to July and to talk of the probable movement which
will iome after the large disbursements on the first of that month.
July has heretofore been a notable month for activity in one or
two years, and the operators on the bull side can see no reason
why history should not repeat itself in 1897.
The heaviest railroad settlement now in progress is the Phila
delphia & Reading reorganization, and that cannot fail to
be materially assisted by the remarkable earnings which
the Railroad and Iron Company are showing in the current
year.
The topic of most general interest this week is the listing at
the Stock Exchange of silver bullion certificates to be dealt in
like certificates representing any other commodity. There
have been various opinions as to the advisability of taking this
action, but we have not to deal with those opinions in this
report, and it is merely the fact of the prospective appearance
of this novel security at the Stock Board which we wish to
record. The whole yearly product of silver in the United
States is about $51,000,000, or equivalent to one-half of the
earnings of one single railroad system, the Pennsylvania, whose
gross receipts in 1886 on all lines controlled were in round fig
ures $ 102, 000, 000— this comparison may serve to point the
relative importance of the silver and other industrial interests
in the country.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 5 per cent,
the usual rate to stockbrokers being 4£@5 per cent; to-day the
rates were 3 i@ 5 per cent. Prime commercial paper is quoted
at
per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £179,000, and the percentage of reserve to
liabilities was 47'04, against 46‘44 last week; the discount
rate remains unchanged at 2 per cent.
The Bank of Prance
gained 1,075,000 francs in gold and 2,100,000 francs in silver.
The New York Clearing House banks in their statement of
June 4 showed a decrease in surplus reserve of $1,451,875,
the total surplus being $4,327,725, against $5,779,600 the pre
vious week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
1887.
J u n e 4.
745
D em a n d .
P rim e bankers? s te rlin g b ills o n L o n d o n ..
4 85*3
4 87
4 83*3 0 4 83%
4 83 @ 4 83%
5 2 0 0 s 3 5 20 5 1 8 % @ 5 1 8 1 «
40*8 3 4 0 ^ «
400<e 0 4 0 %
............
F ra n k fo r t or"B rem en (reioh
m a rk s)9 5 @95*8
95% »95**
Coins.—The following are quotations in gold for various coins
S o v e re ig n s .......... $ 4
86 « $ 4 9 0
87 @
3 92
N a p o le o n s .......... 3
X X R e io h m a r k s . 4 75 @
4 80
X G u ild e r s ......... 3
96 @
4 00
8 p an ’ h D o u b lo o n s .l5 6 0 a 15 7 0
M e i. D o u b lo o n s .. 15 5 6 @ 1 5 65
Fine g o ld b a r s . . . .
p a r @* 4 prem .
F ine s ilv e r b a r s .. — 95*2 3
9614
D im es & *9 d im e s . — 9 9 V a p a r.
S ilv e r *48 a n d % s . — 9 9 % @ — . . . .
F i v e f r a n c s ...........— 9 3 @ — 9 5
M e x lo a u d o l la r s .. — 7 5 *1»® — 7 7
D o u n o o m m e ro ’l . — 7 5 @ — 7 6
P e ru v ia n s o l s . . . . . — 72*3® — 7 4
E n g lis h s i l v e r . . . . 4 8o @ 4 8 5
U . 8 . t r a d e d o lla r s — 9 9 % 3 1 0 0
U . 8 . s il v e r d o lla r s — 9 9 % @ 1 0 0
United States Bonds.— The Government bonds have been
only moderately active during the past week, the dealings
being without any particular significance, and the market
without feature. Prices are firm as a rule, though not much
changed from a week ago.
The closing prices at the N. Y. Board have been as follows:
4 * 2 8 ,1 8 9 1 ......... -.r e g .
4*as, 1 8 9 1 ........ .c o u p .
4s, 1 9 0 7 ........... ..r e g .
4 s, 1 9 0 7 ........... .co u p .
6 s, our’o y , ’9 5 .. ..r e g .
6s, our’ o y, ’ 9 6 . ..r e g 6 s, ou r’c y , ’9 7 . ..r e g .
6 s, cu r’ oÿ , ’ 9 8 .. ..r e g .
6 s, our’ o y ,’ 9 9 .. ..r e g .
In terest
P eriod s
June
4.
June
6.
June
7.
Q .-M ar.
(J.-M ar.
(5,-Jaii.
<5.-Jan.
J . A J.
J . A J.
J . A J.
J. A J.
J. A J.
*109*«
*109*2
*12838
*12938
*123
*126
*129
*132
*134
*109%
*109*2
1283s
*12938
*123
*126
*129
*132
"1 3 4
109 %
*109*2
1283s
1293s
*123
*126
*129
*132
*134
June
8.
Ju n e
9.
109% *109%
*109 °8 *109%
12838 *128*4
*129*4 129*4
*123
*123
*126
*126
*129
*129
*132
*132
*134
*134
June
10 .
1 0 9 ’ ’#
*1 0 9 %
*1 28 %
*129%
*123
*126
*129
*132
*1 34
* This is the p r ic e b id a t t b e m orn in g b o a r d ; n o ta le w a s m ade.
State and Railroad Bonds.— State bonds have shown con
siderably more activity this week than for several weeks past,
the transactions being somewhat scattered and the Arkansas
7s, various RR. issues, showing the greatest activity and
advance. Other prices have not changed to any extent and
fluctuations have been slight.
The market for railroad bonds has been dull, in sympathy
with stocks, the latter market generally affecting bonds more
or less, and all markets have been dull during the past week.
Very little is to be said about the bond market in particular,
the light transactions having been well distributed over the
list, without any special activity in one class. Prices have
been somewhat irregular, though as a rule a little weak— that
is, the most conspicuous bonds have given way a little, though
a few have ruled strong. The Jersey Central issues advanced
in the early dealings, on the opposition developed by the
holders of these securities to the reorganization plan, and Erie
2ds declined in sympathy with the stock market; beyond
these there has been comparatively little change in values.
Railroad and Miscellaneous Stocks.—The stock market
has been very dull and uninteresting the past week, and tha
movement of prices has been without any special importance.
The bears have made quite decided efforts to depress prices,
though without effecting any general weakness or decline.
Temporary depression has been caused thereby, however, and
weakness has been developed in special stocks for a time.
Taking the market as a whole the movement has been irregular,
with the fluctuations slight for the majority and the
changes for the week unimportant.
Various rumors
of a somewhat sensational character have been circu
lated by the bears, though they have been without founda
tion, and have not made any serious impression on prices. In
fact, the general condition of affairs remains about the same
and no really unfavorable features have been ! developed, rail
road earnings continuing to show a gratifying improvement over
last year. The announcement of the issue of 100,000 shares of
new stock by the St. Paul Company, to provide for new mile
age constructed and acquired, caused some weakness in that
stock and influenced slightly the general market, though its
effect was afterward offset to a great extent by the statement
of Mr. Armour that the transaction would be favorable for the
company.
There have been few special features during the week, and
the general dulness of the market has been little broken by
activity in special directions. Wheeling & Lake Erie has been
active in small amounts, though the movement in its price has
been without significance. Western Union advanced to the
highest point of the year, on the announcement of the resump
tion of dividends, and a one per cent dividend for the quarter
was declared. Fort Worth & Denver had a sharp advance on
Saturday and St. Paul & Duluth on Thursday- but beyond
these there has been no special movement. ■‘JS
THE c h k o n i c l e ;
746
[[Vol. X U V .
8T0CKS—PRICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDING J U Y E 10, AND SINCE JAN. 1, 1887.
Sales
o f the
W eek,
Shares
H IG H E S T A N D L O W E ST P R IC E S .
STOCKS.
S aturday,
J u n e 4.
M on d a y ,
J u n e 6.
T u esd a y,
J u n e 7.
W ed n esd a y ,
J u n e 8.
T h u rsd a y ,
J u n e 9.
F rid a y,
J u n e 10.
R a n g e sin ce Jan . 1 ,1 8 8 7 .
L o w e st.
H igh est.
t>
00
A c t iv e K i t . S to c k * .
17,7 45 1 0 % F eb. 1 15 M a y 1 6
14% 15
1 4%
1 4 % 15
1 4% 14%
14% 14% 143g
1 4 % 143e
A tla n tic & P a c ific ...... ................
3 ,9 4 5 5 9 J u n e 8 6 8 % Jan . 13
60% 60%
5 9 % 5 9%
61 I 6 0% 60%
61
59
5 9%
6 0% 6 1%
C anadian P a c i f i c . . . . . ...............
7 ,0 6 0 52% Feb. 1 6 4 % M ay 19
6 2% 6 3 %
6 2 % 6 3%
6 2% 6 3 %
6 2 % 6 2%
62% 6 3%
6 2 % 6 3%
Canaria S ou th ern .......................
8 1 % 82% 1 8,6 66 5 5 % Jan. 3 8 6 % A p r 1 3
82%
8 1% 8 2%
81
82% 83%
8 1 % 8 1%
8 3% 8 4
C entral o f N ew J e r s e y .............
1,147 3 3 Feb. 3) 4 3 % A p r 12
3 9 % 3 9% *38% 3 9 %
4 0 % *40% 4 0 %
3 8 % 3 9%
C entral P a c ific ............................. *40% 40% *40
315
7 M a y 2(
9 % J an . 8
*6 %
8
‘7%
7%
8
*7
7%
8
*7
7
7
*7
C hesapeake & O h io ...................
*12
14%
4 0 8 12% M ay 11 17 J an . 13
*12
14
1 4%
13
‘ 13
13
13
13
1)6
1 st p re12
f. % 12%
9 M ar. 8 1 1% Jan . 2 0
10
10
*8
10
*8
*8% 10% *8
* 8 % 1 0%
Do
2d p r e f.
* 8 % 10 %
9 18 136% Jan . 13| 156 M a y 17
146% 146%
1 4 6 % 1 47
C h ica go B urlington <58Q u in cy. 1 48 % 148 % 1 4 8 % 148 % 1473^ 1 47 %
9 1 % 9 2 % 1 6 8 ,8 1 0 8 5 % F eb. 1 9 5
M ay 18
91
9 1%
9 0 % 9 1%
92%
90% 91%
9250 9 3 14 9 1 %
C h ica go M ilw a u k ee & St.Pan.1.
5 ,8 0 9 1 17 % Jan . 8 1 27 % M a y 17
™ ¡Do
p f e f . 1 2 4 % 1 24 % 1 24 % 124%; 1243s 124% ! 123% 1 2 3 % 1 2 3 % 123% 1 2 4 124 %
1233a 123 % 1 2 3 3 s l2 3 % 2 8 ,5 0 5 1 10 F eb. 1 1 2 7 % Ju n e 7
1 2 6 % 126% ! 126 % 1 27 % x l 2 3 % ! 2 4
C h ica go & N o r t h w e s t e r n ----126% 127
5 1 6 1 38 % Jan. 29 153 % J u n e 7
150 % 151% 1 5 0 1 5 0
153% 1 53 1 53
1 53 I 1 53
Do
p re f. 152 % 152% 153
9 9 5 124% M ar. 1 8 [l4 0 % M a y 17
1 33 1 35
1 3 3 % 135
1 36
138%l
1 36
C h ica go B o c k Isla n d & P a cific. 136
3 99 1 6 F eb. 1 2 2 A p r. 2 2
1 8 % 1 8% *17% 19
183s 183s * 1 7 % *1 7%
C hicago St. L ou is & P ittsb u rg .
645 3 5 J an . 2 7 1 5 2 % A p r. 22
4 8 3t 48%
49
48% 48%
49
49
49
47% 47%
Do
p re f.
5 3 % 54% 2 6 ,5 10 4 5 % F eb. - 1 5 4 % M a y 17
5 3 % 5 4%
53
53%
5 2% 5 3 %
5 3% 53% . 5 3 % 543s
C h ica go St. P a u l M in. & O in ..
7 ,8 9 0 106 F eb. 1 1 1 8 % J u n e 7
118% 1 1 7 % 1183s
117 % 1 1 8 % 1 17 % 117 % 1 1 8
117
1 16
Do
p re f. 4 1 6 % 117
1 ,6 8 0 59
F eb . 1 68
A p r. 11
6 5 % 65%
65
6 5%
65% 65%
6 5 % 65%
6 5%
65% 66
Clevelan dC ol. Cin. & In d i a n a p .
65
1,2 0 5 2 8 % M ar. 14 3 9 % Jan . 11
3 2 % 3 2% *32% 33
3 2% 3 2 %
323s 323s
3 2 % 33
C olu m bu s H o ck in g V a l.& T o L
2
3
,0
0
0
131%
Feb.
1
1
3
9
%
J
une 1
1
3
8
%
138
%
139
1
38
%
138%
Ì
3
8
%
13*9%
1
39
%
1
38
%
1
3
8
%
138
%
D ela w a re L a ck a w a n n a & W es'
138 %
5,762 2 1 % F eb. 31 3 2 % A pr. 14
2 9 % 303s
3 0 % 3 0 3i
3 l3 e
31
303s
29
3 1 % 3 1%
3 1 % 31%
D e n v e r & B io Q ., assessm ’t pd
11,602
5
6
%
J
an
.
24
6
8
%
June
4
6
7
67%
6
7%
66%
66%
67
68%
66
%
6
7
%
6
8
%
6
7%
66%
Do
p ref.
2 ,1 6 6 1 2 % Mar. 14 17 Jan . 3
1 3 % 14
14%
14
*14% 14%
1 3% 14%
14
14
E a st T en n essee Y a . & Ga. B ’y
5
5
0
*75
7
7
7
1
%
F
eb.
1
8
2%
J
a
n
.
13
*74%
7
6
7
7
*76
7
7
7 6%
Do
1st p ref.
1,73
2 1 % F eb. 1 3 2 Jan . 3
2 7 % 2 7%
273s 273s
2 7 % 2 7%
27
2 7 % 23
27
Do
2 d p r e f . 2 7 % 2 7%
100 8 4 M ar. 1 2 il0 0 A p r. 9
96
96
*96
99
E v a n s v ille & T erre H a u te ___
9 7% 99
4 /3 8 4 7 % 1 3 ,3 00 2 1 % Feb. 4| 6 2 % M a y 7
4 7 % 4 7%
4 7 % 48
44% 49
4 6 % 4 7%
F o r t W orth <k D e n v e r C it y ___
473s 4 7 %
1 60 12 Jan. 28 17 A p r. 7
*14% 15%
15
15
16%
15
G reen B a y W inona & St. Paul.
100 2 6 % M a y 26 28 M a y 31
*26% 2 7 %
27% *26% 2 7%
2 7 % 27%
Do
p ref.
27
133 if 127 J u n e 3 138 M a y 28
1
2
7
12^
Illin ois C en tra l............................
250 M
t mm
17%
F eb. 4| 2 7 % A p r, mm
1
24
2 4%
*23% 25
2 3 % 2 3%
2 4 % 2 4%
In d . B loom . & W est., ass. p d . .
1
,9
2 0 3 8 % M ar. 24 4 7 % A p r. 21
4
3
%
4
3
%
4
4
44%
*44%
4
5
%
45
45
44
44%
K in g sto n <s P e m b r o k e .............
98
9 8 % 5 1 ,4 20 90 F eb . l l 9 8 % M a y 1 9
9 7 % 98
9 7 % 98%
973a 98
L a k e S h ore & M ich . Southern.
*97% *9 8%
97% 98%
200 93 Jan . 15 9 9 % M a y 14
93% 98%
L o n g I sla n d .................................
F eb. 3 7 0 % A p r. 14
67
6 7% 3 3 ,1 9 0 57
6638 6 7 %
67%
67
68
6 7 % 6 8%
67
6 6 % 6 7%
L dthsville & N a sh v ille .............
1
,3
0 0 58
Jan. 22 6 7 A p r. 21
6
4
64%
64
*62%
63
6 3% 64
63
63
L ouis. N ew A lb . & C h ic a g o ...
63
4 ,7 2 0 154 Jan . 5 1 6 1 % A p r. 20
1 5 8 % 159
M anhattan. E le v a te d , c o n s o l .. 1 5 8 % 159
1 58 % 1 59 % 1 5 8 % 158 % 1 5 8 % 158% 1 58 % 159
5
00
51
Jan . 2 7 6 4 % A pr. 5
59%
59
59%
5 9% 5 9 %
59
M em phis & C h a rleston .............
1 ,7 3 0 86 Jan . 27 9 5 % M ay 19
9 3 % 9 4%
9 3% 93%
93
94%
93
933s
93
M ich igan C e n tr a l....................
94
CIO
6
6
%
Jan
. 6 9 4 % M a y 18
91
91
9
1
%
9
1
%
93%
*92%
9 2 % 93
Mil. L uke Shore & W est............
6 1 0 98 Jan . 41119 M a y 18
118
1 18
1 18 %
1 17 % 1 17 % 1 1 7 % 118
*117% 118% 1 17
DO
p r e f.
1 2 0% A p r. 2
9
0
0
1
7%
F
eb.
18%
18%
18
18%
18% 18%
M in n eap olis & St. L p u is l........
1 9% 19% *18% 2 0
18
18%
1 ,0 2 0 4 0 % Feb. 1 4 8% M a y 81
4 4 % 4 4%
4 3 % 4 4%
44
4 6%
44
4 3% 4 3 %
4 5 % 4 5%
' Do
p re f. *45
1 3 4% A p r. 9
1
6,5
85
,26%
Feb.
3
0%
30
2
9
%
29%
30% 31%
3 1 % 3 1%
29% 30%
Mls^phri K ansas & T e x a s ........
3 1% 3 l %
1 0 9 % 110
1 0 9 % 1 0 9 % 1 0 9 % 1 0 9 % 1 0 9 % 109% 1 5,0 06 104 % Feb. 1 ;112 M a y 19
M issouri P a cifib ___ _____ . . . . . . 109 % 110
1 0 9 % 110
1 19% Jan. 8
1
16
1
4%
Feb.
*14
15%
*14%
16
M obile & O hio
*14% 16
*14% 16
14% 14%
1 ,8 0 0 7 9% Feb. 1 88% Jan. 3
*84% 8 5%
8 4% *83% 85
84
N ashv. C hattanooga& S t. L ouis
85% 85%
8 4 % 8 4%
1 1 1 4 % M a y 19
3
,7
2
3
1
1
0
F
eb.
113
1
13
113%
112 %
N ew Y o r k C e n t r a i'<&H udson
1 1 3 % 113% 113% 113% 1 13 % 113% 1 1 2 % 113
1 ,0 5 0 1 6% M ar. 15 2 0% M a y 16
19% 1 9%
19
1 9%
19%
1 9%
N ew Y . C hic.& St. L ., assen t’d
19
1 9% 19%
19% 19% *19
1,2
0
0
2
7
M
ar.
12
3 7 % M a y 18
34%
3
4%
35
35
3 0% *35% 36% *35% 36
34% 34%
Do
p re f:, assented.
36
F eb. ~li 3 5 I% A pr. 12
I----------33%
3 2% 3330 7 1 ,0 9 5 2—9%
33
3 3% 34
N ew .Y ork L a k e E rie & W est’n
34%
3 2% 3 3 %
34
33% 34%
3
,3
5
0
6
5
%
Jan.
29
7 6 M a y 23
7
3
7
2
%
7
2
%
7
2
%
7234 73%
7 3 % 7 3%
7 3 % 7 3%
7 3% 7 3 %
Do
p re f.
5734 5838 29,4 35 51 Jan . 12 6 6 M ar. 29
5 8% 5 8%
58%
58
N ew Y o r k & N ew E n g la n d ...
5 7 % 5 8%
5 7% 5 8%
5 8% 59
4
51
2 0 % Jan . 3
1
5%
F
eb.
4
19%
18%
*18%
19
1 8% 1 8%
N èw Y o r k O ntario- & W est___
18% 18% *18%
.18% 1 8%
1,2 4 5 11 F eb. 1 14 F eb. 14
1 1% 11%
11% 1 1%
12%
11% 12
12%
1 1% 11%
N ew Y o r k Busco & W e s t e r n ... *12
12
4
0
0
l
l
3 8 % F e b . 14
31
F
eb.
1
3
5%
*35
3
5%
35%
3 5% 3 5 % *35% 3534
35% 35%
Do
p r e f. ‘ 3 5% 3 6
8 35 1 7% F eb. 3 2 3 % Jan. 3
2 0%
20
N o rfo lk & W estern ...................
2 0 % 20%
‘ 2 1% 2 2 %
2 0 % 2 0%
1
1
,9
39
4
3
%
Feb.
3
5 5 % M ay 16
52
50
3i
51
5 1%
51
5 1%
51%
51%
50
51% 52
Do
p re f
51
3 1 % 3 1% 12,908 2 6% Feb. 1 3 3% M ay 20
3 1 % 32
3 1% 3 2%
N orth ern P a c ific .......................
31% 3 2
3 2% 3 2 %
31% 32
8
,5
8
3
1
63% M ay 19
5
6%
F
eb
603s
603s
6
0
%
59%
6 0% 6 0%
’ ' Do
1
p re f.
5 9% 6 0 %
6 0% 6 1%
60% 61
3 ,0 5 0 2 2% F eb
1 ! 3 2 % A p r. 4
2 9 % 29%
29
2 9%
3 0 % 30%
2 9% 2 9%
Ohio & M ississip p i..........
2 9% 2 9%
3 0% 3 0%
9
,4
1
0
2
9
%
Jan
.
24|
3
5 % A p r, 7
3
2
%
3
2
%
3
2
%
32
32 34. 3 3 %
3 2% 3 2%
O regon & T j ans-Contin e.nt a l..
3 3% 33%
3 3 % 3 3%
5 ,9 7 0 3 0 % J an . 3 3 9 % M a y 25
3 8%
38
3 7% 3 7%
38%
38
3 8%
37%
37
P e ò rià D e ca tu r & E va n sville
38
3 7% 38%
9
1
,1
1
0
3
4
Feh.
1
53
Ju n e 1
52
5 1%
5 1% 5 1%
5 2%
5 1 % 52
P h ila d elp h ia & R e a d in g .. . . .
5 0 % 5 1%
52
51% 5 2%
3 8 % 3 8 % 3 2,4 75 37 J u n e 2 53 J an . 17
3 8% 3 8 %
39%
38
3 7 % 383s
3 8% 3 9%
3 8% 39
7
,0
0
4
'
7
1
%
A
pr.
26
8
7%
Jan . 17
75
7
6
7 4 % 753s
7 4% 7 6
7 4%
Do
74
p re f
7 4 % 7 5%
7 5 % 7 5%
3371 8 0 F eb. 8 9 5 Jan . 17
92
*89
*89
91
*89
91
89
89% 8 9%
89
91
3
,1
0
0
3
0
J
an
.
27
4
4
%
M a y 26
4
2
%
4 1%
40% 41%
4 1 % 42%
4 0 % 41%
4 2%
42% 4 2%
42
Bt. L ou is & San F r a n c is c o .. .
6 ,4 8 5 6 1 % F eb. 2 8 4 % M ay 26
80
81%
81% 82
7934 81
8 1% 8 1%
Do
p r e f .. .
8 1% 82
8 1% 82
2
3
5
1
1
2
Jan
.
28|120
Ju
ne 2
119
1 19 % 1 1 9 % 119 % 1 1 8 % 118%
119 % 119
Do
1 st p re
1 18 % 118% *118
*118
7 ,9 0 5 5 5% Jan . 7 1*0 M a y 26
84% 8 6%
8 0% 87
84
84
86%
Bt. P a u l & D u lu th .....................
86
8 0% 8 4
86
86
8541107
J
a
n
.
l
o
!
l
l
4
%
M
a
y 23
112%
1
1
2
%
113
113
113
1 1 2 % 112% 1 13 % 113 %
*.......... 1 13
Do
p r e f.............. 113
1 ,8 1 4 1 1 3
F eb. 1 120 % M a y 27
*119% 120%
B t.R aul M inn eap. <&M a nitoba 120 120% 120 % 120 % 120% 120% 1 1 9 % 120
1
1
,9
0
0
2
0
F
eb.
3
35%
M
ay
23
3 2 % 33
3 2 % *33%
3 3%
33
3 2% 33
T e x a s & P a cific, ass. p a id ___ *33% 3 3%
3 3 % 33%
6 0 % 6 0 % 3 4 ,9 2 2 5 3 % F eb. 4) 6 3 % May 18
5 9 % 60%
6 0 % 6 1%
5 9 % 60%
U n io n P a c iflc ..............................
6 0% 6 1 %
6 1% 6 1%
4
,0
0
0
13%
Feb.
1
2
2
%
M
ay
6
20%
19% 20%
20
1 9% 2 0%
W ab. St. L. & P .,P . Com . repts
20% 20% 20% 20%
2 0 % 21 %
2 3% Feb. 1 3 8 % M a y 18
33% 34%
3 3% 3 4%
8 5%
35
34
34%
Do
p re f
3 5% 3 5 %
3534 35%
53
4pr.
7i
6
3
%
A
p
r.
18
6 1% 62*2
6 1 % 6 2%
63
62
W h eelin g & L a k e E r ie ............
6134 62%
6 1 % .6 2 %
6 1% 62
M is c e lla n e o u s M o c k s .
5 0%
49
5 0 % 50% 1 0 ,4 9 0 3 5 % Feb. 1 5 3 % M a y 19
48% 49%
48% 49%
C olorad o C oal & I r o n .............
5 0%
50
5 0 % 5 0%
1 0 ,7 0 6 7 9 Jan . 7 89 M a y 19
8 2% 83
82% 83
82
83%
83
8 3%
C on solid a ted G as C o ...............
8 3% 8 4 %
8 3 % 8 4%
3,961 ¡100% Mar. 14 105 % A p r. 18
103 % 1 04 % 10.3% 103 % 10338 103 % 1 0 3 % 1 03 %
Dfelaware & H u d son C a n a l.. 1 0 3 % 104
1 03 % 1 04
1 ,2 6 0 38 F eb. 1 5 4 % M a y 31
5038
5
0%
5
2
%
5
2%
5
0
%
51
O regon Im p ro v e m e n t C o ___
5 1% 52
5 1 % 51%
7 6 6 9 6 % Feb. 11105% M ay 19
1 02 % 1031
103
O regon R a ilw a y <k N av. C o . . 1 03
103% 103%
4
3,2 49 4 8 % Jan . 8 5 8 % A p r. 7
5
4
%
55
5
5%
5
4
%
*54%
"
5
*
5
%
5 4 % 5 5%
53
P a cific M a il........................
54%
5 3 % 5 3%
50 9 7 % J u n e 7! 115 F eb. 8
10 1
101
97»4 9 7%
P h ila d elp h ia C o., Nut. G a s .. .
100 100
9 22 139 % Jan . 4 | l5 9 % M a y .2 3
1 5 5 % 1 55 %
Pullm an P a la ce Car C o ..........
i*5*6*’ 15*6*’ 1 5 6 % 150 % 1 56 % 156% 1 55 1 56
1
6
0
,4
0
4 7 0 % F eb. 11 7 9 June 7
78%
78%
78
78
79
77% 78%
W estern U nion T e le g r a p h ...
77% 7 8%
7 7% 7 7 %
E x p re s s S to ck s.
231139%
Jan . 4Î148 Ju n e 10
148
1 48
*145
..........
’ 145
A dainS ........................ ..................
145 146
1931107 J an . 5 | 1 1 8 % M a y l4
112
1 16
115
115 % 112% 112% *114 117
A m e r ic a n .....................................
114 114
1 13 1 16
2 2 0 62 F eb. 171 7 3 % M ay 24
70
70
71
*68
70
70
U n ited S ta tes..............................
71
71
69
69
1 0 0 '1 2 6 % Jan . 25 137 Ju n e 6
*1 S3
*133
W611s, F a rgo & C o .....................
’ 133
..........
1 37 1 37
■I n a c t i v e S t o c k s .
3
15 9 6 % Jan . 5 1 1 8 % Ju n e 6
11738
1173s
117 % 1 17 %
A tc h iso n T o p e t a & Santa F e. 1 1 6 % 116 % 1 1 8 % 1 18 %
2 7 5 3 3 % Jan. 1 9 j 7 4 % A p r. 6
71
7 0% 70% *68
70
70
B u n a lo R o ck . <fa P itts h u r g ___
70
7 0 I *69% 71
9 % J u n e 10 1 5% Jan. 10
808
10%
9%
11
11
C entral I o w a ............. ...............
12
*10% 11%
200 5 9 % Juuo Sj 6 7 % A p r. 19
60%
*5*9% 59% *58
59% 59%
82
*58
C h ica go & Ind. C oal R ’w a y ...
4 % Mar. 23} 7 Jan. 13
50
5%
4%
4%
5%
*4%
5% '
C ip cip n atl W ash. & B altim ore.
*4%
1 ,3 1 0
8
7%
8
7%
7%
7%
8%
*7%
3%
Do
i re f.
*7%
2
2 % June 3; 2 4 % M ay 16
1,437
22%
22
%
23%
2
2
%
22% 22%
L a k e E rie & W e ste rn ____ ___:
2 3 % 233s
8,872 56% Ju n e 8 61 A pr. 29
58
5 9%
57% 5 8%
5 6 % 57%
5 7 % '*58**
53
58 %
Do
do
p re f.
5 8 % 5 8%
A pr. 9
1,525
1
3% Jan. 51 22
18%
18%
*1838
18
183a
1883
1 6 % 18% ' 18% 18%
M ex ica n C en tra l........................
Jan. 3
7251 2 6 M ar. 22! 31
28
29%
28
283s 283s *
2 9%
29
O regon S h ort L in e .................. .
28% 29
10
22|
8
%
Jan.
6
A
pr.
300!
7
3
4
7*2
*6%
7%i
*6%
*6%
7%
*6%
Q u ick silver M in in g C o............
100 28 Jan. 4 35 M ay 14
34
*33
34
*33
34
34
33% *33% 3 4
33
Do
p r e f..
6
8
4
5
%
June
9
,8
0
0
3
0
Jan.
4
5
%
45%
4
4
4
4
44%
45
44
44
4 4 % 453i
Bt. L ou is A lt. & T erre H a u t e ..
45% 45%
Feb. 12
9 56 2 0 M a y 6 25
20% 21%
2 0% 21%
21% 2 1%
St. L ou is A rk . & T e x a s .............
7
Jan.
3
17
2
,9
5
0
8
J
u
n
e
83s
8%
8%
8
8%
8
9%
8
9%
9
South C arolin a ............................
8
8
3 6% Jan. 10
1 ,3 0 0 29% M ar.
34
3 3 % 3 4% *33
3 4 % 34 %
34% 3 4%
Southern P acific C o ...................
4 ,1 0 0 31 A p r. 221 4 3 % June 8
*4*3%
43
4333 43
4334
43% 43%
43
*4*1% ‘ *4*3*% 41% 4 2%
V irg in ia M id lan d .......................
3 0 0 1 38
May 11 4 9 % Jan. 27
42
42
42
4.2
*40
42
*40
41
41
42
*39
C am eron Iro n & C oa l............... *QQ
3 ,2 2 0 35% F eb . 24 ,50 A pr. 27
44 % 4 4 %
45
45
4 4% 4 5%
453s .45%
45
45
44% 46%
C olu m bus & H o ck in g C o a l___
27
l.ooo 2 5% M a y 14 3 2% May 23
27
2 6% 26%
2 6 % 26%
2 5% 26
27
2'
M a rshall C on. C o a l.................
2,200! 6 2% J an . 3; 7 2 % Apr. 5
713s 7 i n J 7 1 % 7 1%
7 0% 71%
7 0% 71
7 0% 7 0%
N ew Y ork & P erry C oa l..........
5,9751 3 5 % Ju n e 6. 5 4 % Jan. 14
38
37
37
36
37
3 5 % 36
3 5% 3 8 %
T en n essee Coal & I r o n ............. *3*3% *38%
V a r i o u s S t o c k s , A c . (Uni isted .)
49%
A m er. C otton Oil T r u s t ...........
P in e L ine C ertifica tes........... .
63
4%
B oston H . & E rie, n e w ...........
49%
63%
4%
49
62%
4%
50
6338
5%
49 %
62%
4%
4938
6 2%
5%
T h ese are th e p rices b id and a s k e d ; n o sale w a s m a d e at th e B oard .
493a
62%
4%
51
50%
63
63%
4 7{
5 1
5 1 7fi| 5 0%
633 1 6 2%
5%
•5 k)l
fl* luY.ritrhtft.
51%
63%
5%
2,360]
747
T H E C H R O N IC L E
J une 11, 1887.]
BONDS-LATEST PRICES OF ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1887.
C losing.
R a n g e sin ce Ja n . 1.
R a ilro a d B onds.
Low est.
H ighest.
June S
R ange sin ce Jan . 1.
ll
I
\Jnne 3 J 'n e 10¡
1**
C losing.
R a ilroa d B onds.
Lowest.
H ighest.
119*4% 118 Feb. 1 22 A p r.
M ay
38
Mil. L k .S h . A W .—1st, 6 s. 1921. 119%
F eb.
9 0 Jan .
Mar.
88
114 Jan. 121 M a y
M iohigan D iv .— 1st, 6 s, 1 92 4 .. 116*3%
G u ar., 4s, 1 9 3 7 .. ..................... 1 88*4
Feb. 109 J u n e
In co m e , 6s, 1 9 1 1 ______________ 102 b. ¿02 b. 101*3 Feb. 107 A p r.
108*3
Can S outh.— 1st gu ar., 5s, 1 90 ¡108*3
Mar,
93*3% 91*3
Minn. A St. L .—1st, 7s, 1 9 2 7 .. .. 124 b. . . . . . . . . . 133 Jau. 133 Jan.
95% Jan.
2d 6 8 ,1 9 1 3 .................................
90*sa. 9 0
86 Feb.
94 M a y
Im p. A E quip.— 6 s, 1 9 2 2 . . . . . . 87*3% 8 7 % 85 A pr.
9 0 Jau .
Oen. Io w a —1st, 7 s, ’9 9 , cou p, o:
98%
108 b. 105*3 Feb. 110 Jan.
M o. K .A T e x .—C o n ., 6s, 1 9 2 0 ... 9 9
96*3 Feb. 102*3 A p r.
C entral o f N. J .— 1st, 7s, 1 8 9 0 .
107*3 Jan. 119 Ju n e
85%
118
C onsol., 5s,' 1 9 2 0 . . . ................... 8 7
83*9 Feb.
8 9% A p r.
1118*3
109 Jan . 118% J u n e
118
¡117
C onsol., *78,1904-5-6......... ........ 1 1 2 *3% 113
109*3 Feb. 113*2 Jan.
¡107*2% 107%
105*4 Jan. 108*3 J une
M ob ile A Ohio—N ew , 6 s, 1 92 7 .. 110 b. 1 1 1 % 108% Feb. 114 A p r.
A d just. 7s, 19<>3..............
1
1
8
*
2
%
104
S
3
73
Jan,
105
Ju n e
1st, E xtension ,. 6s, 1 9 2 7 ........... 105 *sb 1 o 5*2% 104 M ay 10.6 Jan.
C onvert, d eb . 6s, 190 8 .
110 Jan. 116 Feb.
60*2 Mar.
1112*3 115
•1st p re f. debentures, 7s . . . . . . . 5 0 b. 5 5 % 5 9 % May
L e 'h A W .B .,con ;7 s,1 90 !
j 105 b. 1 07 b. 99 Jan. 106*3 M ay
84*9 Feb.
89 Mar.
M utual Uh. T ele.—S. f., 6s. 1911 8 0 \ a . 86*3
117 % 117*4% 113*8 Feb. 118 % Mar.
Nash. Ch. A St. L .—1st, 7s, 1913 130 l).
128*3 Mar. 131 A p r,
Central Pac irte—g o ld 6s, 1
N .Y . C entral—E x te n d ., 5s, 1893 104*3% 104*4% 104*4 Jau. 107*4 A p r
Ban Joaq u in Br. 6s, 1 9 0 0 .......... '1 1 5 b. 114*3% 111*3 Feb. 115*8 Mar.
1102*3%
102 A p r. 105 Mar.
135 *3 % 135*20 133*4 Jan. 137
M ay
L a n d gran t 6s, 1 8 9 0 .....
115 a. 1 15 a. 112 Mar. 1 14
Mar.
108% % 109% % 106 Mar. 110*8 Ju n o
b. 7 4
71
M ay
81 Jan.
■N .Y iA H ar.— 1st, 7s, 1 9 0 0 ........ 130*4% 130*4% 128*3 M ay 133*2 Apr.
Qs. gold , ser. B ,1 9 0 8 , cou p , ofl 1 75
<6 b.
6«
100 %
68 M a y
75*4 Jan.
85 Jau. 101*3 M ay
N. Y. Ohio. A St.L .— 1st, 6s, 1 9 2 1 .. 10 0 %
E xten. cou p ., 4s, 1 9 8 6 ............. i72*34.
f , *• 7 0
B
25*8% 21*3 May
32 Jau.
2 d m ort., 6s, 1 9 2 3 ...................... 9 8 % 9 8 b. 7 0 Jan.
99
M ay
2 0
66s,
8 cu rren cy , 1 9 1 8 .................... -25*8
9
7
a.
9(>*i
9
5
b.
A
p
r.
100
77
Feb.
76
%%
65 *3 Jan.
N .Y . C ity A N o.—G en ., 6 s, 1 9 1 0 .
8 0 A p r.
Meurt. 6s, 1 9 1 1 ....... - * - . - v : v * v l , X r , P*
. Marti!
107*2% 108 b. 101 Feb, 108% Ju n e
N .Y . E leva ted — 1st. 7s, 1 9 0 6 ___ 122 % 1 2 1 %% 121*4 Mar. 123 Jan .
Chèa. O. & So.
115 Jan. 117 A p r.
N. Y. L a ck. A W .— 1st, 6s, 192 1 . 127 b
125*3 Jan. 128*3 A p r.
C h ica go A A lto n 106 % 104*3 Jan. 107*3 Mar.
i09%tV. 107 F eb. 110 Jan .
106
C onstru ction, 5s, 1 9 2 3 ............. •. . .
C liic.Bur. A N or.107
106
Jan.
109*80. 107 J an. 1 1 0 % F eb.
107%
A
pr.
108*3
N.
Y . Ont. A W .— 1st, 6 s. 1 9 1 4 .. . . . . .
Chlo. Buri. A Q.—D eb. 5s, 1913.
91*3 Jan.
N .Y .Sus. A W .—1 s t ;,6 s, *11. op. oil
9 5 F eb.
D e n v e r Di vis., 4s, 1 9 2 2 . . . . . . . . 96*2% 98 a. 97 J une 9 9 Jan.
98 *g Jan . 1 0 3 A p r.
Debenture* 6s, 1897, co u p , oil
69. F eb.
C hic. & Ind. Coal K., l s t , 5s, 36 . . . . . . . . 103
7 7 A p r.
1 20 *9 Jan . 122*3 Jan.
110 A p r 115*3 M a y
M idlan d o f N. J .—1st, 6s, 1910 111 b.
C h.M il.it Bt.P— 1«t, I.A M. <s, ’ 97 1 24 b.|----8 i 5 75*3 Feb.
N. O. Paolrto— 1st, 6s, 1 9 2 0 . . . . . 85
86*8 M ay
C onsol. 7s, 1 9 0 5 ..........................1130*4% 130 b .!l2 8 Jan. 130% J une
117%
l e t So Min. D iv .—6s, 1 9 1 0 .,.*.1118 b. 1 18% % 115 F eb. 1 18 Feb.
115 F eb. 118*3 A pr,
N orth.P aottte— 1 s t ,c o u p ., 6s, ’21 118
104 %
1 st’ Chi A r a o .W .D iv —5s, ’ 21 ¡108 k b . 108
106 % Jan . 109 Jau .
G e n ’l, 2d, co u p ., 1 9 3 3 ............... 101%
103% Jau. 107*3 M ar.
0 8 M ay
Wis. <t M n. D iv .—5s, 192 1 . . . 1 06 % 106 1>. 105% A pr,
J an ies R . Val. 1st, 6 s, 1 9 3 6 .. 1 09 b 1 09 b. 106*s Jau. 111 M a y
T<nminal 5s, 1 9 1 4 ....................... U o ^ b . t l O l ^ b . 1 0 2 ^ Mar. 105% M ay
N. P a o.T er.O o.—1st, 6 s, 1 9 3 3 ... 106*3 1 07 b 104 Jan. 107*3 J u n o
C hic. & N. W.—C onsol. 7s, 1 9 1 5 139*3 139 b. 1 3 8 *2 M ay 1 4 2 Jau.
O h io A M iss.—C onsol., 7 s, 1 89 8 . 117*2
117*9 M ay
3 A p r.
2d , con sol, ,7 s , 1 9 1 1 ...................117
G old , 7s, 1 9 0 2 ......... .................. .1 2 8
1*8% |128 Ju n e 1 3 3 Jan.
117 M ay 119 Jan .
1 09 a. 109 Jan. 112*a A pr.
B p riu g tle ld D lv .—7e, 1905 . . . . 109
Sinking fu n d 6s, 1 9 2 9 ............... 1J>7 b. ........... .1117 M a y 1 2 0 Jan.
............. 108 Jan.
1 10*3 Mar.
O h fb S o u th e m —1 s t , 6 s, 1 9 2 1 . .. 102 b 102 b. 102 F eb. 111% A pr.
S in king fu n d 5s, 1 9 2 9 ...............
2d, in e., 6 s, 1 9 2 1 .......... ............ 4 4 V». 45*3
Hmking fu n d debent. 5s, 193 3 1 10 b. 1 10 % 103 % Jan. 110*4 Mar.
40 Jan.
50*3 M a y 1
1
09
*aa.!
106*4
M
a
y
9 1 % Mar. 1 0 2 % M a y
109*4
A
pr.
O
regon Im pr. C o,—1st, 6 s, 191 0 9 8 b. 9 8%
25-y ea r debent. 5s, 1 9 0 9 -------Chi. R . I. <t P ao.—6s, oonp. 1 9 1 7 . 133*9% ............... 1 30 Jail. 1 3 5 Jan .
Ore. R .A N a v .C o .—1st, 6s, 1909 111 b. l l l % b . 108. Jan. 112 M a y
C onsol., 5 s 1 9 2 5 ........................ 10 2 *2% 101*3 101*3 June 1 06 i Jan.
E xten. & to l. 5s, 1 9 3 4 . . . ......... 108% % 109% b. 108*4 Apr. 110*s Feb.
99% .
O regon A T ransoon.—,6 s. 1 9 2 2 .. 101
9 9 % Ju n e 104% A p r.
Ch. Bt.P..M. A O.—C onsol. 6s. ’30| 120% % 120 b. 120*8 Mar. 124% M ay
St. P aul A 8. O.—1st, 6s, 19 19 124 b. 125 b 124 A p r. 127*3 J »n .
P e o . D eo. A E va n s.—1st, 6s, ’ 20. 115 b. 1 1 5 *4% 110 Mar. 114 J n q .
Cli.St.L.A P itts.—1 st,con . os, ’ 32 1 0 0 % ». 100 a 9 8% J an . 102 Feb.
8 7 A p r.
E va n sv. D iv — 1st, 6s, 1 9 2 0 ... 1.10*3% 110 b. 108 Mar. 1 1 2 F ob.
a 0 . C. A In d .—Gen. 6s, 1 93 4 ..1 1 1 * 3 » . 1 1 1 a 107 Jan. 111*3 M ay
......... 79*3 Jan.
In com e, 6s, 1 9 2 0 .....................
Col. C oal A Iron —1st, 6s, 1 9 0 0 .. 104*2a. 105 a 98*3 Feb. 104% Ju n e
8 7 % A pr.
74
88 % Jau.
R ioh & A ll.—1st, 7 s, 1920, tr. ree 75
Col. H . V al. A T ol.—Con. 5s, ’31 31*ab. 80*3b 7 5 Mar.
6 6 J an.
77
A pr.
7 0 Mar. 9 1 Jan.
G en. g old . 6s. 1 9 0 1 . . . . . . . . . . . . I 83 a.
R iohni. & D a n .—C ons., 6s, 1915 114 % 114%
111*3 Mar. 114% M a y
118*3 Feb. I 2 l* s June
D en ver A R io Gr.— 1st, 7s, 1 90 0 120*s% 121*3
D eb en tu re, 6s, 1927 ................. 114*3 a. 1 14 a. 106 F eb. 114 A p r.
76*4 F eb .
8 2 % J u n e R ooh. & P itts.— 1st, 6s, 1 9 2 1 . . . 120 a. - ........... 114 Feb, 120 M ar.
82%
1st con . 4s, 1936 ..................
82*4
7 9 Mar.
82 A pr.
C onsol., 6s, 1 9 2 2 ....................... . 113 b, 113 % 1 08 J un. 1 17 A p r.
D en. A R .G r . W - 1st,’ 6s, 1 9 1 1 .
- - - 82
7 3% Mar.
78 Jan.
R o m e W. A O gd.— 1st, 7s, 189 1 . 108 b. 108*3% 109 J u n e 112*3 M a y
A ssen ted ........... .................... -ZZ3®*** 7 7 %
68 A p r.
82 M ay
D en. So. P k . A P ao.—1st, 7s, ’ 05 7 9 b. 78*3
C onsol., e x te n d ., 5s, 1922........ 102 a. 102 a. 101% Apr. 104% Mar.
31 b, 49*3 Feb.
104 *sa. 1Ô4 M a y 108*3 A p r.
5 6 M ay
D et.M ao.A M.—L d .g r.3 % 8 ,1 9 1 1 5 2
St, J o . & Gd. Isl.— 1st, 6s, 1925 . 104*3
98*4 Feb. 101% A pr.
99*4
E .T e n .V . A G. R y.—C on .,5s, ’ 56 99
2d , ineotne, 5s, 1925 ............... 70*8% 70*30. 7 0 M ar.
7 5 A p r.
103
103 M ay 108 Jan.
E lls. L ex. A B. Sandy—6s, 1902 . 1 0 1
St L . A lt. A T .H —1st, 7s, 1894. 1 16 b. 116 b. 114 Jan. I I S ; i Apy.
132*3 Mar. 136*3 June
2d, M„, p re f., 7 s, 1 8 9 4 ............... 111 b. 112%
1 10 Feb. 1 1 2 % Ju n e
Erie—1st. con sol, gold , 7s, 1 92 0 136 b. 136*2
1 1 2 *sb. 112*3 b, 113 Ju n e 115 Mar.
2d ., M .,ln c ., 7 s, 1 8 9 4 ................ 105 b. 1 07 a. 105 M ay 108 Jan.
L on g D ock , 7s, 1893
4 8 a. 35 Jan .
118*8% 115 Jau. 1 20 Mar.
D iv id e n d bus, 6s, 1 8 9 4 ..........
Con. 6 s, 1935
48
48 lu n e
9 3 % Feb. 1 04 % May
N .Y .L .E .A W —2 d con . 6s, 1969 101*a 100*3
99*3
St. L . A rk. A T e x .—1st, 6s, 1936 100
98 *3 Fe%, 10/2% A p r
49%
Funded cou p on , 5s, 1969
88*3 F eb.
2 d , 6s, 1 9 3 6 ................................. 50
95*4 M ay
4 8 % June 55*4 J an ,
88*4 Jan.
F t. W. A D e n v . C. -1 s t , 6 s, 1921 9 4
St. L. A Ir. M t.—1 st, 7s, 1 8 9 2 ... 111*3% 1 1 1 *3 % 110
98*3 May
92%
Mar. 115 J a p .
111
2d m ort., 7 s, 1 ^ 9 7 .......................
G al.H ar.A San. A n t . - l s t , 6s , ’ 10 108 b 108 b 106 F e b .. 109*3 Mar.
1 09 M a y 114*2 Mar.
95
1 05 Ju n e 111 Jan .
2 d M .,7 s , 1905 .......................... 1 07 a
G en. R y , A land, g r., 5s, 1 9 3 1 . 95
9 4 A p r.
99 Jan.
9 4*4 » 93*2
1 1 4 % 115% Jan. 115*3 J pa.
93*3 Ju n e 100 % Jan.
W est. D ivision—1st, 5s, 1931
St. L. A San F r.— 6s., Cl. A , 1906
1 14 % 111 M ay 117 Apr.
92*8 Jan.
2d, 6s, 1 9 3 1 ...................... .
6s, Class B , 1 9 0 6 ..................... .
92*4 F eb.
109 %a, 9 9 J an . 1 09 M a y
G r’n B . W. A St. P .— 1st, 6 s, 1911
114*4
6s, Class 0 ,1 9 0 6 .........................
118*4 M ay 117*4 A pr.
3 3 Jan.
2 d Incom e 8s, 1 91 1 .................... 50.5s
5 3 M ay
50*3
G en ’l m ort., 6s, 1 9 3 1 . . . .a ........ 114 % 114*4
108*3 Feb. 115., M q y I
120% Jan. 125% June
G u lf Col. A San. Fe—1 s t,7s, 1909 12438b, 125%
So. P ao., M o.—1st, 6s, 1 8 8 8 ... 103% % 103%
101*8 Jan. 10,4*3 Jan.
101*2 Jan. 106% Ju n e St. Paul M. A M.—1st, 7s, 1 9 0 9 . 116 b. 116 % 110*8 Jau. 118 A p r.
G old, 6 s, 192 3 .............................. 106*a
106*2
l if t b
H enderson Br.Co.—1st. 6 s, 1931 108 *«b, 108*25 106*3 Mar. 110 Feb.
121 Mar.
120
119 a. 1 12 % Jau. 119% May
H . A T ex . C.—1st M. L. 7 s ......... 118*4
1 st co n s , 6s, 1 9 3 3 ..................... 119%
113 M ar. 1
120*4 M a y
1st, W est. D „ 7s, 1 8 9 1 ........ .. . 115*3b.
108 Mar. 119*3 M a y
Do
red need to 4 *ss.. 100 b. l o i a. 9 3
F eb. :101*2 May
1st,W aco A N. 7s, 19 u 3 ..............
113 Feb. 1 19 % M ay
108
S henandoah V a l.- 1st, 7s, 1909 108
9 6 Jan. 10 9 M a y
2d, con sol. M. L. 8s, 1 9 1 2 ........ 109*85 109 5 9 4 F eb. 1 12 M a y
G e n ’l m ort., 6s, 1 9 2 1 ................. 53
52*3
37
Mar.
55 M a y
G en. m ort. 6 s, 1 9 2 1 ................... 70 5 74*4
66*4 F eb.
7 9 % M ay
So. C arolin a —1st, 6s, 1 6 2 0 ......... 9 6 b. 96*3% 9 6 M a y :107*9 Jan .
111. C entral—1st. g old , 4s, 1951 10753a. 109
107 Fen. 108*4 Jan.
2d . 6s, 1 9 3 1 ................................... 6 6 % 6 7 % 65 M ay
8 0 Jan.
G old , 3 *38,1 9 5 1 . ...................... 9 6 b 97
9 5 M ay
99*4 Jan.
19 b.
28 *3 Jan.
Ind.B l. A W.—1st, p ref., 7s, 1 90 0 123*3 123
119*3 Jau. 124*4 Feb.
So. P a c., Cal.—1st, 6s, 1 9 0 5 -1 2 .. 113% % 113*40. 1 10 % F eb. 1
113 *3 M a y
1st, 5-6s, 1 90 9 .............................. 98
97
91*3 Jan.
So. P a c., A ri.—1st, 6s, 1 9 0 9 -1 0 .. 114*4% 114*40. 1 10 F eb. ]112 A p r.
9 9 M ay
2d , 5 - 6s, 1 90 9 .............................. 89*2
110
77*3 Jan.
88
So. P a o., N. M.— 1st, 6s, 1 9 1 1 . .. 109%
105% Jan. 110
1
89*2 June
June
E astern D iv ision —6 s, 1 9 2 1 .. . 96% b. 9 7
91 Jan.
60
98*2 M ay
T e x . A P a c.— In c. A Id gr, 7s. '1 5 60
58 *a Feb.
66*3 F eb.
In com e, 6 s, 1 9 2 1 ........................ 33*sa. 3 2
30*4 Jan.
3 4 % A pr.
R io G ran de D iv .— 6s, 1 9 3 0 ___ 77*a% 77*3
6 4 F eb.
78 *2 M ay
Int. A G t.N or.—1st, 6 s, gold , ’ 19 11514 a. 1 16 a. 112% M ay 122 M ar.
G en . m ort. A term ., 6s, 1 9 0 5 .. 70*3% 69 b. 65 Mar.
7 2 A p r.
C oupon, 6s, 1 9 0 9 ........................ 93*4
9 3 b. 9 3 J an.
9 8 Feb.
Tol. A .A . A N. M.— 1st, 6s, 192 4
99 %a. 98*4% 89 Jau . 1
100 M ay,
K ent. C entr.—Stam ped 4s, 1911 74% b. 7453b. 6 4 Jan.
T ol. A . A . A G r.T r.— 1st, 6s, 1921 107 % 109
76 Jane
103 Jan. 1
109 J u n e
K n o xv . A O .—1 st, 6 s. gold , 1925 9 7 b. 97 b. 95*4 Jan. 1 00 Jan.
109 *4% 104 Jan . 112
Tol. P eor. A West—1st, 7s, ’ 17 . 109*3
1
F eb.
L a k e S h .-C o n .c o u p ., 1 st, 7s, 1900 128
128*45 125*3 F eb. 1 2 8 % M ay
99
T o l. A O h io C ent.—1st, 5s, 1935 99*4
95 Jan.
9 9% Jan.
Con. con p ., 2d , 7s, 1 9 0 3 ........... 122 % 123 b. 1 22 % Jan. 126*3 M ay
U nion P a c ific - 1 s t , 6s, 1 8 9 9 ___ 118 b. 118*3
114 Jan . l119% M ar.
L o n g Island —1st, 7s, 1 8 9 8 ......... 120*3 b. 12 2 *3 a. 1 20 % M iy 1 24 Mar.
L a n d gran t, 7 s, 18 8 7 -9 ............. 103 *3b. 103 *3 % 102 Jan . i103*3 M ay
1st, con sol., 5s, 1 9 3 1 .................
115 a. 113 F eb. 115 F eb.
S in king fu n d , 8s, 1 8 9 3 ............. 116*4% 116*4% 115 M ar. i120 Feb.
Lou. A N ash.—C onsol., 7 b, 1898 118%
118 %b. 118 A p r. 121*3 Feb.
113*3% 111*9 F eb. 1
K a n . P acitic— 1st, 6s, 1 8 9 5 ___
] 15 M a y
N. O. A M obile— 1st, 6 s, 1 9 3 9 . 113*8
113*8
105 Jan.
13*4 Ju n e
1st, 6s, 1 8 9 6 .............................. M l% % 111*3% 111% Jam i115 M ar,
2d , 6 s, 1 9 3 0 ..............
100
99 b. 9 0 % JanD e u v e r D iv .—6s, 1 8 9 9 .......... 114*3% 114% 0. 114 Jan. 117*4
1
A p r.
99*3 M ay
E . H. A N .—1st, 6 s, 1 9 1 9 ......... 1 1 414a.
115 Jan . 117% M ay
1 03 b. 102% M a y 10
1st con so l, 6s, 1 9 1 9 ............. 103%
l 9 A p r.
General, 6s, 1 9 3 0 .......................... 111% % l l l * 2b. 107 J a n . 114*3 M ay
102%
100 M ay 107*3
1
O regon Sh. L in e 1st, 6s, ’ 22.. 102*s
J an .
Trust B on d s, 6 s, 1 9 2 2 .............. 107%
107*sb. 104 % Jan. 109 M ay
95 A pr.
99 Jan ,
10-40, 6s, 1 9 2 4 .......................... 102
9 8 Jan. 1 03
60*4 M ay
A pr.
Wan. St.L. A P a c. - G en., 6s, ’ 20 58 b. 56 % 4 9 Jan.
Lon. N. A . A C h.—1st, 6 s, 1910. 114 %
114 b. 109 Jan . 115*2 M ay
C h ica go D iv iso n —5s, 1 91 0 . . . 101%
102
8 9 F eb. 1
104*4 M a y
C onsol., gold , 6s, 1 9 1 6 .............. 97*3
97%
93. A pr.
91 b. 84*3 Mar.
98 M ay
W abash—M ortgage, 7 s, 1 9 0 9 ..
97 M ay
M em . A Ch’lston —6 s, g o ld , 1 92 4 107
1 05*45 101 Jan . 107 M ay
114 % 110*4 Jan. 1
T o l. A W ab.—1st, e x t ., 7s, ’90 113
117*4 M a y
M etro. E levated ,— 1 st, 6s, 1908 120
1 17 Jan. 120*3 M a y
120*3
1st, St. L . D iv .. 7s, 1 8 8 9 ........ 111 % 111*3% 106 Jan. 1 16 M a y
2d , 6 s, 1 8 9 9 .............................
109
108 M ay 113 A p r.
106 a. 99 Jan. 1 08 M a y
2d , exten d ed , 7s, 1 8 9 3 .......... 105
M ich. Central—1st, co n ,, 7 s. ’02 128 b.
127 M ay 131 A p r.
C on., co n v ., 7s, 1 9 0 7 . . . . . . . . 92 % 91*3% 84 Mar.
99 M ay
M iss’r iP a c .— 1 st, con s., 6 s ,192 0 116
116%
114% F eb. 119 A p r.
113*80. 109 Jan . 1
G reat W est.—1st, 7s, 1 8 8 8 ___ 113*3
117*3 May
3d, 7s. 1 9 0 6 .................................
1120 b.
122 Jan. 126. A p r.
2d, 7s, 1 8 9 3 ...................... .
lO ó *8 105*4% 9 9 Jan . 1 07 M a y
P a_ c. o f M o.—1st,
6 s, _________
1 8 8 8 ___ ,103*3% 103*3%. 102 ÜFÜ
— , —
eb 1 05 Jan .
112% ). 1 09
St.L .K .C . A N .—R ,e A r .,7 s ,’95.
Mar. 1
112*3 F eb.
2 d m ort., 7s, 1 8 9 1 . . . ........... | l l l % a <110i3% ll0**3 Mar. 1 1 0 Jan.
W est S h o re —G u ar.. 4 s ................. 104
104*4 J u n e
I0ü*4 Mar. 1
104*4
N o t e —T h e le tte r “ b” in d ica tes p rice bid, a n d “ a ” p rioe a s k e d ; all o th e r p rices an d the ra n ge are fro m a ctu a l sales.
1 37*3
37*4%
25%
85*3
104%
90%
........
__
....
Tir
STATE
SE C U ___________
R ITIE S.
_________________
A labam a—Class A , 3 to 5 ........ 1 90 6
J?’ .58................................190 6
fiia iSn(3n48................................. 190 6
68, 10 2 0 .......................... . . . . . 1 9 0 0
Arkansas—6s, fu n d e d .. 1 8 9 9 -1 9 0 0
7s, L ittle R o ck & F ort Sm ith, iss
7s, M em phis & L ittle R ock , is s ..
7s, A rka n sas C entral R R .............
G eorgia—'7s, g o l d ..................... 189 0
L ou isia n a —7s, c o n s .................. 1914
M?»nJn“ p ed ’ ^48.......................................
M ichigan—7 s................................ 1890 ’
I B id.
A sk .
1 0 8 * J l0 9
112*21115
105
104
108
11
29
.
100
88
107
BON DS.
S E C U R IT IE S.
M issouri—6 s ........d u e 1 88 9 o r 1890
A sy lu m o r U n iv e rsity , d u e 1892
I F u n d in g ......................... 1 8 9 4 -1 8 9 5
N ew Y ork — 6s, lo a n ................... 189 2
14
6s, lo a n ....................................... 189 3
N orth C arolina—6s, o l d ............. J& J
3o‘ *
F u n d in g a ct ....................... .. .1 9 0 0
1 1 I N ew b on d s, J . & J ___ 1 8 9 2 -1 8 9 8
109
C hatham R R . . ................................
I
S p ecia l ta x , Class 1 ............. .........
C
onsolid ated 4 s ....................... 191 0
88*3
’
6 s ................
..1 9 1 9
B id.
A sk.
106*s
112
115
115
118
35
12*3
22
16*3
......
100
124%
S E C U R IT IE S.
B id.
A sk.
R h o d e Isla n d —6s, c o u .. 1 8 9 3 -1 8 9 4 1 16
6*2
South C arolina—6s, n o n -fu n d .1888
7*3
B ro w n co n solid a ted 6 s ........1893 108
110*3
T ennessee— 6s, o ld ......... 1 8 9 2 -1 8 9 8
62*2
C om p rom ise, 3-4-5-6S............ 1912
72*3
N ew settlem en t—6 s ......... ...1 9 1 3 105
5 s ...................
1913 102
74%
3 s .................................
1913
48
V irg in ia —6s, o ld ...................................
90
6s, con solid ated b o n d s ............. .
60
6s, co n so lid a te d , 2 d se rie s.........
12
10
6s, d e fe rre d , trust r e e __ ___■_........
THE CHRONICLE
748
[Vou
XLTV.
BONDS— STOCK E XC H A N G E QUOTATIONS ON F R ID A Y OF IN A C T IV E R A IL R O A D BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid. Ask.
U n ion P actfio—(C o n tin u ed )—
Elis. C. A N.—S.f., deb., 6s. ..1 921
Railroad Bonds.
101 102
........... . . . . 1 9 0 7
C ol. T ru st. 5s
1st m ortg., 6 s ........................ 1920
(Stock Exchange P ried .)
107
O. B r. U . P .—F . o „ 7 s ........189 5
Erie—1st, extended, 7 s . . . . . . . 1897
Atch. Top. A San. F e - 4 ,j i . . . l 9 2 0
109
116%
A
toh
.
CoL
A
P
a
o
.—1st,
6
s.
190
5
2d,
extended,
5s
.
.
.
.
.
.
.
.
.
.
.
.
1
9
1
9
Sinking fund, 6 s ....................1911
A tch . J . C o. A W .—1 st, 6 8 .1 9 0 5
3d, extended, 4% s . . . . . . . . . . 1 9 2 3 105
89
86
Beeon Creek—1st gold, 4 s .....1 9 3 6
"»i% 92%
115
117%
U
t.
So.—G
en
.,
7
s
...............
190
9
125
*9
............1
9
2
0
4th,extended,
5
s
.
.
.
B »lt. A O h io - ls t 6 s , P arkB ..1919
91
E xtern, 1 st, 7s . . . . . . . . . . 1 9 0 9
5th, 7 s ...................................... 1888 101%
5s, g o ld .................................... 1925 110% 111*8
131
St.
L
ou
is
A
San
F
ra
n
o
isco
—
1920
1st,
cons.,
fd.
coup.,
7s.......
R egistered........................ .
1st, 6 s, P ie rce C. A 0 ..........191 9 118
Reorg., 1st lien, 6s.............1 9 0 8
9 9 % 100
Bost. H. Tun. A Wl—Deb. 5s.. .1913
E qu ip m en t, 7 s ................. ..1 8 9 5 108%
B. N. Y . & E.—1st, 7 s...........1916 134
BuiL Cedar Rapids A Nor—
100%
G en . m o rtg a g e 5 s ..............1 9 3 1
108
N. Y . L. E. A W.—CoL tr., 6 sl9 2 2
1st 5 s ...................................... 1906, 106
90
K a n . C ity A 8.—1st, 6s, g .1 9 1 6 100 105
Buff.
A
S.
W.—Mortg.
6
s
.
...
1908
100%
Consol. A col. tr, 5 s . . . ......... 1934
109
F t. S. A V .B . B g.—1st, 6 8 .1 9 1 0
Evan. A T. H.—1st, cons., 6s. 1921 119
R egistered....................
....
St. L . K .& S o .W n .—1st, 6s. 1916
116
Mt. Vernon—1st, 6s...............1923
Minn. A S t L . - l s t 7s, gu .. 1927
112 % T e x . A P a c .—1st, 6 s ............. 190 5 109
Evans. A Indian.—1st, oon s... 1926
Iow a C. A W e s t .- 1st 7 s . . . . 1909
1st, 6s, e x c o u p o n .........................
107*3 F l’t A P. Marq.—M ortg., 6 s ... 1920 120
Ced. Rap. L F. A N., 1st 68.1920
96
C onsoL , 6 s ........................ . 190 5
Grand Rap. A Ind.—Gen. 5 s..1924
105
1st 5 s....... ............................ 1921
Con. 6 s, e x c o u p o n ...........
R egistered......... ............ ................
Buff. N.Y.& Phil.—Cons. 6 s . ..1921
102 104
T ru st re c e ip ts ...............
46
Han. A St. Jos.—Cons., 6 s.......1911 120 121
45
Trust certificates..........................
68
P
e
n
n
sy
lv a n ia R R .—
Hous. E. A W. Tex—1st, 7 s . ..1898
General 6s,.............................. 1924
P a . C o.’s gu ar. 4 % s, 1 st o p . .1 9 2 1 107 107%
118
Hi. Cent.—Sp. D iv .—Coup.,6s,1898
40
30
Trust certificates........................
P a . C o.’s 4 % s. r e g ........... . . . . 1 9 2 1 106 107
Middle Div.—Reg., 5 s .........1921 113
Central Iowa—
P itts. C .& S t.L .— 1 s t ,o p .,7 s . 190 0 119
C. St. L. A N. O.—Ten. L, 78.1897 116
Eastern Division—1st 6 s . ..1912
116
121
%
R e g is t e r e d .......................................
73
1st, consol., 7 s ....................1897
Illinois Division—1st 6s....... 1912
2 d , 7 s ..............
191 3
2d, 6 s.................. i .............1 9 0 7
Chesapeake A O h io 142%
119
P
itta.
F t. W . A C.—1 st, 7 s . . . 191 2
119%
Gold, 5s, co u p o n ................ 1951
106
68, gold, series A ................... 1908
140
2 d , 7 s ........................................ 191 2 138
Registered................................
65
Chea. O. A So. W e st—2d 6 s . ..1911
137%
3
d
,
7
s
........................................1
91
2
Dub. A S. C.—2d D iv., 7 s . ..1 8 9 4
Chicago A A lton—
CSev. & P .—C ons., s. fd ., 7 s .1 90 0 128
Ced. Falls A Minn.—1st, 78.1907 108 109
Sinking fund, 6 s....................1 9 0 3 123 124%
4 th , sink, fd ., 6 s ___ . . . . . . . 1 8 9 2 108%
Indianap. D. A Spr.—
Louis. & Mo. R iver—l s t 7 s . . 1900 122
119
St. L. V . A T . H .—1st, g ., 7 s .189 7
1st, 7s, ex. fund, cou p on .*..1906 ’ 108 108%
2d 7 s...................................... 1900 117
2 d , 7 s ......... ..............................1898 *107
Lake Shore * Mich. So.— i
S t L. Ja ck s.* Chic.—1st, 7s. 1894 117 119
2 d , gu ar., 7 s ...........................1 89 8
Clove. P. * A .—7 s ................ 1892 112% 113%
1st, guar. (564), 7 s............ 1894 117
P in e C reek R a ilw a y —6s o f 1 93 2
Buff. A Er.—New bonds, 7s. 1898 121 122
2d mortg. (360), 7s............ 1898
P itts. C leve. A ToL —1st, 6s. ..1 9 2 2 114
Kal. A W. Pigeon—1st, 7 s ... 1890
2d, guar. (188), 7s...............1898
P itts. J u n ctio n —1st, 6 s . . . . .. .1 9 2 2
127
Det. M. & T.—1st, 7 s .............1906
Miss. R. Bridge—1st, s.f. 68.1912 106%
124% P itts. M c K . A Y .—1st, 6 s ........1 93 2
Lake Shore—Div. bonds, 7s. 1899
Ohio. Burling. A Q u in c y 93
R io h .A D a n v .—A ssen. d e b .. 6S.1927
ConsoL, reg., 1st, 7 s .........1900 125 127
134 134%
Consolidated, 7 s ....... ......... 1903
88
90
C onsol, m o rt., g o ld , 5 s . . . . ..1 9 3 7
Consol., reg., 2d, 7 s ...........1903 123% 123%
5s, sinking fu nd .....................1901
114
A
tl.
A
Char.—1
st,
p
r
.,
7
s
.
.
.
.
1
89
7
106
106%
Mahon’g. Coal RR.—1st, 5s. 1934
Iow a D iv .-S in k , fund, 5 s ..1919
I n c o m e s ........ .........................1 90 0
Long Island R R .—
Sinking fund, 4 s ................ 1919 98
98
R ich . A W . P t. T e r’L T ru st 6 s . .1 8 9 7
N. Y . A M. Beach—1st, 7 s ..1897
Plain, 4 s........................
1921
San A nt. A A ra n s .—1st,6 s,’ 8 5-1916
N. Y . B. A M. B .—ls t ,g ., 58.1935
Chic. Burl. A N o .-D e b . 6 s . ... 1896
1st, 6s, 1 8 8 6 .............................. 1 92 6
Louisville * Nashville—
135
Chi. R. IsL A Pac.—6s, c o u p ..1917
S cio to V a l.—1st, co n s., 7 s . . .. .1 9 1 0
110
Cecillan Branch—7 s ............ 1907
R egistered....................................... 133
70
C oupons o f f . . . . . . . . . . . . . . . . .
Pensacola D iv.—6 s ... . . . . . - . 1 9 2 0
E x t A Col., 5 s ....................... 1934 109% 109%
St. Louis D iv .—1st, 6 s .........1921 l l 5 % ......... St. L o u is A I r o n M ountain—
109%
R egistered....................................
110%
A
rk
a
n
sa
s
B
ra
n
ch
—1st,
7
s
.
.
189
5
2d, 3s.....................................1980 60
D ss Moines A Fort D.—Ist,4 s.l9 0 5 I #1
C airo A F u lton —1st, 7 s ........1 89 1 109%
Nashv. A Decatur—1st, 7 s .. 1900 120
1st, 2i*6....................................1905
C airo A rk . A T . - l t t , 7 s . . ..1 8 9 7 111 114
8. A N. Ala.—S. f., 6 s ...........1910
Keok. A Des M.—1st, 5s ....1 9 2 3 108% 110
St.
L . A lto n * T er. H a u te —
Louisv.
C.
A
L.—6
s
.......
....1
9
3
1
C hicago Milwaukee A S t Paul—
B e lle v . A So. HL—1st, 8 s . ..1 8 9 6
6 p.to. 50 year g old b d s— 1937 101 102%
1st, 8s, P. D ............................1898 130 131%
B
e lle v . A Car.—1st, 6 s ..........192 3
98
100
Pens.
A
A
t.—1st,
6s,
g
o
ld
..
1921
125%
124%
2d, 7 3-10s, P. D ................... 1898
St. P a u l M inn. A M an.—
Lou. N. O. A Tex.—1st, 5 s— 1934 * 89% 90
1st, 7s, 8 g., R. D .................. 1902 130%
D
a k o ta E xtern—6 s . . . . . . . . . . 1 9 1 0 118 119
90
88
Manhat.
Beach
Imp.
Co.—7s.
1909
124
120
1st, La Crosse Division, 7 s .. 1893
Min’s U n .—1st, 6 s ...................1 92 2 112
M exican Central—1st, 7 s ....... 1911
1st, I. A D., 7 s........................ 1899 125% 127
St.
P
a u l * D u lu th — 1st, 5 s . . ..1 9 3 1
114
E
x
coupons
6
,7
,
8
.
.
.
....................
130
1st, C. A M., 7s....................... 1903
S odu s B a y A So.— 1st, 5s, g . . . l 9 2 4
New assented, 4 s . . . ...............1911 74% 75
1st, 7s. I. A D. E x t................1908 130%
81
T
e
x
.
C
entral—1st,
s.
f
.,
7
s
.
.
..1
9
0
9
26
26%
Incom
e
bonds
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1
9
1
1
1st, S. W . Div., 6 s..................1909 117
1 st m o rtg . 7 s ............................191 1
Mioh. Cent.—1st, oon .,5s........ 1902 107% 108%
1st, 5s, La C. A D a v ............ 1919 105%
T
o
l.
St,
L
A
K
.
O.—
1st,
g
.,
6
8
.1
9
1
6
123
...................................................1909
126%
1st, H. A D., 7 s ..................... 1910
108% T e x . A N. O .—1st, 7 s ................. 1 90 5 *115
Coupon, 5 s ........................
1931
1st, H. A D., 5 s...................... 1910
S abine D iv is io n , 1st, 6 s . . . . .1 9 1 2 103
108%
Registered, 5s......... .............. 1931
Chicago A Pacific D iv., 6 s ..1910 122%
86
88
V ir. M id.—G en l. 5 s .....................193 6
Jack. Lan. A Sag.—6 s .........1891 104
Chlo. & Mo. Riv. Div., 5s . ..1 926
W
a b .S t.L .A P a o .- H a v .D i v .- 6 s .’ 10
108
Milwauk.
A
North.—1st,
6
s
...
1910
104%
Mineral Point Div., 5s......... 1910
In d ia n a p o lis D iv .—6 s ............1921
Extension, 6 s .........................1913 107 108
C. A L. Sup. D iv.. 5 s............ 1921 104%
99%
D e tro it D iv .—6 s .....................1921 * 97
Milw. Lake S. A West.—
120
Fargo A South., 6s, A s s u .. .1924
C airo D iv .—5 s ...........................193 1
102
Conv. deb., 5 s . . . ....................1907
97
Inc. conv. sink, fuud 5s........1916
T
ol.
&
W
a
b
.—E
qu
ip
.
b
d
s
.,7
s
l8
8
3
116%
Ashland
D
ir.—1st,
6
s..........
1925
Dakota A Gt. South., 5s.......1916
Quin. A T o l.—1st, 7 s -------- 1 8 9 0 * 96
Minn. <fc St. Louis—
Chicago A Northwestern—
H a n . & N aples—1st, 7 s ___ 190 9
Iow a E xt.—1st, 7 s ...;,..........1909
Extension bonds................... 1926
96% 97
105
HI. & So. Io w a —1st, e x . 6 s. 191 2
2d mortg., 7s............ ............. 1891 101
Escanaba A L. 8.—1st, 6 s ... 1901 116
St. L . K . C. A N . Southwest
E
xt.—1st,
7
s
.
.
.
.
1910
Des M. & Minn.—1st, 7s ....1 9 0 7
O m aha D iv .—T r. C o .re c .1 9 1 9 123 125
111
Pacific E x t.—1st, 6 s ............ 1921
Iow a Midland—1st, 8 s .........1900 133% 136%
60
C larin da B ra n ch —6 s ___ 1919
Minn. & Pac.—1st mortg. 5 s ..1936
Peninsula—1st, conv., 7s___1898
St.Charles B r’ge— 1st,6s. 1908 *104 106
Chlo. A M ilwaukee—1st, 7s. 1898 123 124% Minn. A N. W.—1st, 5s, g old .. 1934 103 104%
118
N
o.
M
issouri—1st,
7
s
..........189
5
96
Mo. K. A T.—Cons.,2d, in c___ 1911
Win. A S t P .—2d, 7s.............1907 ’ 131 132
W ab. St. L. A P a c .—I o w a D iv ., 6 s.
H. A Cent. Mo.—1st, 7 s....... 1890 105
Mil. A Mad.—1st, 6 s . . . . . . . . 1905 115
T ru st Co. r e c e ip t s ............................
Mobile & Ohio—Col. tr., 6s ...1 8 9 2 '102
Ott. C. F. & St. P . - l s t , 5 s ..1909
W est. U nion T el.—C oup. 7 s .. .1 9 0 0 117
109
St. L. & C a iro -4 s , guar.......1931 * 74%
Northern 111.—1st, 5 ......... ..1 910
116%
R e g is te re d ........ ....................
Morgan’s La. & T .—1st, 6s-----1920
Cin. I. St. L. & Chicago—
N. W . T elegrap h —7 s ..................1 90 4
1st, 7 s ...................................... 1918 120
1st, gold, 4 s ............................ 1936
102 102%
W
h
e
e
lin
g
A
L.
E
.,
1
st
M.
5
s
.
.1926
110
111
Nash. Chat. & St. L.—2d, 6 s.. 1901
R egistered........................
1 0 3 % T enn . C. I .& R ’y .—C on sol., 6 s .1901
N. Y. C en tral-6s ......................1887 103 103%
CL Col. Cin. & Indianap.—
105
South
P
i
t
t
s
—1st,
6
s
..............1902
104
105
N. J. June.—Guar. 1st, 48........1986
1st, 7s, s. f d ........................... 1899 119 124
88%
B ir. D iv .—1 st con . 6 s ..............1917
Registered certificates.................
Consol. 7 s ...............................1914
C
ol.
&
H
o
ck
.
C
oal
&
L
—6s,
g
..l
9
1
7
110
N. Y. P. & O.—Prior lien, 6 s . 1895
Consol, sink, fd., 7 s . . ...........1914 * 120 %
In com e B on d s.
......
N. Y. A New E ng.—1st, 7 S ....1 9 0 5
Chic. St. Paul M. & O.—
(In te rest p a ya ble i f ea rn ed .)
1st, 6 s ....................
......1 9 0 5
Chic. 8. P. & M inn—1st, 6s. 1918 *123 126
95
95% A tla n tic A P a cific—
N.Y. Susq.&West.—1st,ref. 5s.1937
No. Wisconsin—1st, 6s.........1930
30
C
en tia l D iv ision —I n c o m e .. 192 2
74
80
2d, 4% s..................................... 1937
Chlo. & E. 111.—1st, s. f., cu r.. 1907 115
Cent. I o w a —C oup, d e b te e r tf’s
N. Y. N. H. & H .—1st, reg. 48.1903 111
Consol.-, 1st, 6 s . . . ..................1934 116% 117
C
h
ica
go
A
E
a
st
1
1
1
.-In
co
m
e
..
190
7
117% Northern P acific—
Chic. A W. In d .—1st, s.f., 6 s.. 1919
Spok. A Pal.—1st, s. fd., 6s. 1936 104 105% D es M. A Ft. D .—1st in c., 6 s. 190 5
113%
General m ortgage, 6 ............. 1932
54
D et. M a ck. A M arq.—I n c .........1921
St. Paul & N. P.—Gen., 6 s .. 1923
Chic. A St. Louis—1st, 6s....... 1915
E liz .C ity A N o r . - 2 d i n c ..........1 97 0
R egistered............ ......................
Col. & Green.—1st, 6s....... ....1 9 1 6
In
d
’ap
.
D
e
c
.
&
Spr.—2
d
i
n
c
.
.
1
90
6
N. O. & No. E .-P r . 1., g., 6s ..1 915
2d, 6s....................................... 1926
47
T ru st r e c e ip ts ...,..............................
99% Norf. & W.—Gen., 6s............... 1931 116
Col. & Cin. Midland—1st, 6 s .. 1914
98 100
L eh. A W ilkesD. C oa l..................1 888
New River—1st, 6 s............... 1932 112
Del. Lack. A West.—Conv. 7s. 1892 111% 114
M
ob
ile
A
O
h
io—2
d
p
r
e
f.
d
e
b
e
n
..
..
*107
Imp.
&
E
xt.,
6s.................
.1
9
3
4
132
Mortgage, 7 s . . . ..................... 1907
28
3 d p re f. d eb en tu res.......................
A d ju s tm e n tM .,7 s.... ......1 9 2 4 106% 108
Syra. Bing. & N .Y .—1st. 7s. 1906 131% 135
4 th p re f. d eb en tu res........................
Ogd. A Lake C h .- ls t , 6s . . . . 1920 100
Morris A Essex—1st, 7s....... 1914 140 142
80
72%
N
.Y
.
L
.
E
.
&
W
est.—I
n
c.,
6
s
..197
7
111% Ohio A Miss.—Cons., s. f., 7 s .. 1898 118
2d, 7 s.................................... 1891
O h io C ent.—M in. D iv .- I n c . 7 a 192 1
General 5s............................. 1932 ' 91%
Bonds, 7s..............................1900
O
gd
ensbu
rg
A
L
a
k
e
C
h
a
m
p
la
in
—
7s o f 1871............................ 1901 12u-*ii 126% Ohio Cent.—1st Ter. Tr., 6s. ..1 920
I n c o m e .. ! ...................................192 0
Min. Div.—1st, 6 s ......... .....1 9 2 1
1st, eon., guar., 7 s ............ 1915 133% 134%
100 % R o e h . & P ittsb .—I n c o m e ........1921 60
Ohio R iver R R .—1st, 5 s . ----- 1936
DeL A Hud. Canal—1st, 7 s ... 1891 110 %
St. L .I.M .A S .—1st 7 s, p f., int. a c c ’t.
Oregon
&
Cal.—1st,
6
s
.........
..1
921
1st, e x t , -7 s........................... 1891
102 % S terling I. A R ’y , series B .—I n c .’9 4
Panama—Sink, fd., sub., 6 s ...1 910
f.. Coupon, 7s,........
.....1 8 9 4 114
Plain in co m e 6 s ....................... 1 8 9 6
86
87
Peoria Deo. & E v.—2d, 5 s ....1 9 2 7
3V Registered, 7 s..................... 1894 115%
S henandoah V a lle y—I n c. 6 s . . 1 92 3
Peoria A Pek. U’n—1st, 6 s ....1921 111
M Pa. Div., coup., 7s.........1917 140
F r e e L is t.
2d
M..
4
%
s
............................
.1921
i (RgRegistered............................ —
Cin. A Sp.—1 st M .C.C.C.A 1.78.1901
t A lbany & 8usque.—1st, 7s. 1888 105 105% Pacific R R .-C en tra l Pacific—
1 st M. g ., L. S. A M. S.. 7 s . ..1 9 0 1
117%
'117*8
Gold
bonds,
6
s...............1
8
9
5
140
1st, cons,, guar., 7 s ...........190b
C u m berla n d & P er n .—l s t ,6 s .l 8 9 1 102
Gold bonds, 6s....................1896 117
la
R egistered...............................
2 d m ort. 6 s ............................ ..1 8 8 8 101
Gold bonds, 6s................... 1897 117 118
j f 1st, cons., guar., 6 s .......... 1906 -119% 120%
80
G al. H . & H . o f ’82—1st, 5 s ..1 9 1 3
Cal. & Oregon—1st, 6s— 1888 ’103*8
<* R egistered...............................
Jefferson
R R .—1st, 7 s ............ 1889 ids'*
’104%
Cal.
A
Oregon—Ser.
B.,
6
1892
145
Bens. A Sar.—1st, coup.,7s. 1921
102
%:
1
0
1
%
N.
J
e
rs
e
y
S
outh.—G
uar.
6
s
.
..1
8
9
9
West. Pacific—Bonds, 6s— 1899 116
Registered....................................
P u llm an ’ s P al. C ar—D e b .7 s .. 1888 103
No. Railw ay (Cal.)—1st, 6s. 1907 121 122
Dec. Mack. A M a r .-1st, 6 s . ..1921
W
abash.—T
o
l.
A
I1L
D
iv
.
7
s
............
Union P ac.—1st, 6 s ..............1896 116%
D e t B ay C. A A l p .- 1st, 6 .. .. 1913 108%
L a k e E . W ab. A St. L ou is, 7 s . . .
1st, 6 s . . . . . . . . . . . . . . . ......... 1897 117%
E. Tenn. Va. A Ga.—1 s t 7 s ... 1900 120 123%
G t. W est. 1 st m ort. 7 s ........ . . . .
1st, 6s...................................1898 117% 117%
Divisional 5 s..............
....1 9 3 0 110 112%
HI. & So. I o w a 7s....................
‘110
Col.
Trust,
6s.......................1908
E . & W .of Ala.,1st,con gld. 6s. 1926 107%
SSi
* N o price F rid ay; these are latest quotations made this week.
Juin 11, 1887.1
THE
Mew York C ity Banks.— The following statement shows the
condition of the Associated Banks of New York City for the
week ending Jane 4, 1887:
Average Amount of—
Net Deposit»
Legal
other
Specie.
lender».
than U.S.
n&
C H R O N IC L E .
Quotations in B oston, P h ila d elp h ia and B a ltim o r e .
SECURITIES.
SECURITIES.
Bid.
A sk *
RAILROAD BONDS.
a toh. a Topeka—1st, 7s. 124%
Allegh. Val.—7 3-lOa, ’96
119%
Circula
Loan» and
«118
7s,E . ext., 1910............. 110%
Land grant, 7s........
tion.
Discounts.
97
Ino. 7s, end., ooup., ’94 20
Plain, 6s........................ * ....
22
Mortgage, 6 s . . . . . . . . . . . . 101 102 Balt. 3k O.E. Side—Certs.
108
Belvid’e Del.—lst.6s,1902
$
Mortgage, 4 % s-.... .... < 99%
$
$
I $
45,000
110
Trust, 08.....................
Cons. m. 4s., 1927.____
Hew Y ork ............. 11,040.000 1.620.000 1,040.100 10,820,000
226,000 9.622.000
Bur.AMo.inNeb,—Ex’t,6s 120
Bell’s Gap—1st, 7s, 1898.
Manhattan Co......
9.443.000 2,026,000
985.900 7.518.800
45,000
976.200
1st, 6s, 1905..................
108%
6s non-exempt.........
Merchants’ . . . . . . . .
7.337.300,
631.000 6.162.000
94
Con., 6s, 1918.................
4 s . . . . . . . . . . . . . . . . . . . . . . . . . 93
Mechanics'............
7.742,000, 1.113.000
454.300 9.194.600
Buff. N.Y.A Phil.—1st,6s
Land grant, 7s . . . . . . .. 116% 116
America.................. 110.604.600 1.669.900
108.000 2.814.000
267,000 California So.—6 s .........
603.000
1st, Tr. 6s, 1922...........
114
Phenlx.................... I 3.063,000
353.000 10.923.600
92% 92% Cam. 3k Amboy—6s, o.,’89 104
Income 6s...... .
9,226.800 3.869,100
I City........................
90,000 Ohio. K. 0.3k West’n—6s. 102 102% Mort., 6s, 1889..... ........ 106%
224.100 2.342.900
378.600
I Tradesmen’s .. . . . . .
2,069,300
114.000 1.745.000
420.000
72% Cam. 3k At!.—1st,7s,g.,’98 116%
I Pulton.................... I 1,363,800
I n c o m e s .................. 72
718.800 21.777.000
96
98
2d, 6s, 1904.................... 112
Cons. Vermont, 5s...........
Chemical................ I 19.216,100 7.176.700
317.900 3.689.800
100,000 Kast’rn, Mass.—6s, new.. «....... 127% i Cons., 6 p. o . . . . . . . . . . . . .
606.700
Merchants' Exch.
3,234,700
626.100 From. Elk H.AM o.V.-0s.,
264.600 4.174.100
968.300
Catawissa—1st, 7 s, oon. 0.
Oallatin National. 6.441.200
64.000 1.938.100
245,300 K, C Fort Soott 3k G.—7S 118%
444.200
I Butchers’ A Drov. 1,970.600
New 7s. reg. A oou p .... 121
102.000 305.000 2.174.000
K. City Lawr. 3k So.—6s.. 114
Col. 3k0. M.—1st, 6s. 1914
Mechanics’ A Tra.! 1,896,000
99% .
2,600 K. City St. Jo. 3k O. B.—7s I........ 112% Oonneot’g 8s, op., 1900-04 119 122
164.100
122.600
1.250.400
I Greenwich............
1,216,200
%.
197.300 2.387.600
635,200 K. City Sp’d 3k Mom.—6s
617.600
112% Del. 3k Bound Br.—1st, 7s 133
I Leather Manners. I 3,096.800
64.100
44,900
330.300
100
1.347.300
K.C. Clint. 3k S p r in g !5 s
I Seventh Ward......
1,832.800
Duluth Short L., 1st, 5s.
169.800 3.429.900
499.700
114%
Little R. 3k Ft. S.—78
State of N. Y ........ 4.016.700
East Penn.—1st, 7 s, 1888 iba*
ouisv.Er.3kSt.il.—1st, 6s 106
I Americ’n Exch’ge. 16.263,000 1.607.000 1,676.000 13.608.000
EastondkAmb’y—6s, 1920 116
972.600 11.762.800
966.800
67% EL AWmsp’t-Ist,6s, 1910 121
Commerce............ 16,812,400 2.913.300
2d m ort.........................
324.700 5,186 000
45,000 Mar. H. 3k Ont.—1908,6s,
914.300
I Broadway..............
6,690,700
5s, perpetual...... . . . . . . 109
611.600 7.478.600
864.800
I Mercantile............
7,491,600 1.408.800
io o
1925, 68..........................
Harrlsb’g—1st, 6s, 1883.. 108 1 Ü
2X4,000 3.103.200
410.300
Pacific..................
2,948.000
Mexican Central—4 s .. . . . . Z8* 74% H.AB.T.—ls t .’i’s, g., 1890 107%
862,200 9.433.700
69,200
74% Cons. 5s, 1895............... 101 101%.
Republic...............
8,418,400 2.183.600
Scrip.. . . . . . . . . . . . . . . . . . . . « 74
331.000 5.043.900
45,000
7s........... ........................
I Chatham.............
4.682,600 1.063.600
78%
I thacaA A th.—1st, gld. ,78
97,600 2.402.100
339.900
26% Leh.V.—lst,6s,O.AR.,’98 i*2*4)% 122*'
|Peoples’. . . ............
1.786,600
I n c o m e ....... . . . . . . . . . . .
26
220.800 4 077.300
572.000
3.212.200
I North America___
S crip .. . . . . . . . . . . . . . . . . . . 102 102% 2d, 7s, reg., 1910...........
142
424.100 12.126.700
46.000
[H a n o v e r............. 11.002,400 2,707,200
Debenture, 1 0 s ......... 102 106
Cons. 6s, O.A R., 1923..
18«.
40,700 N.Msx.3k So. Pao.—7s....... 122
180,200 3.011.000
616,100
|Irving...................
2,860.000
No. Penn.—2d, 7s, 1896..
124.
138.200 8.288.100
46.000 N. Y. 3k N. England—7s.. 124 125
798.600
|Citizens'......... .
2,737,900
Gen., 7s, 1908............... 131% 139824.300 3.126.100
239.800
Nassau.................
2,778.300
117
6s........... ........................
Debenture 6s, reg........ 110
430,700
628,400
Market........ ..
8.021,200
137.900 2.669.300
2ds, 6a,........... ..........
104 105 Norfolk A West.—Gen.,6s 116
66.700
261.600
St. Nicholas.........
2,076,300
Ogdenab.A L.Oh.—6s.......
1.865.000
N. R. Dlv., 1st, 68.1932 112
631.000
385.000 3.629.000
446,800
i Shoe A Leather... 8,409,000
Consolidated 6 s ........... 4*10*3*
N. Y. Phil. A Nor.—1st, 6s 108 108
262.000 7.358.400
Corn Exchange...
7.608.800 1.116.000
Incom es... . . . . . . . . . . . . . .
46
60
Ino.,6s, 1933.................
60%
848.900
[ Continental......... . 4,830,600
628,800 5.563.700
46,000 Pueblo 3k Ark. VaL—7s..
123% Oil Creek—1st, 6s, ooup..
2.220.100
I Oriental.................
261,600
373.600 2.330.000
Rutland—1st 6s .............. 110
Pennsylv.—Gen., 6s, reg i ‘3 3 %
I Importers’ A Trad. 19,272.600 4.819.300 1.144.700 21.660,900
988,000
99
6s....................................
98
Gen., 6s, op., 1910...... 186 135%
I Park....................... 18,661.600 4.088.600 1,831.800 22.368.600
45,000
outhern Kansas—6s....... 101 101% Cons., 6s, ooup., 1906..
125.
123.000
|North River.........
2.026,000
Incomes........ . . . . . . . . . .
97% Cons., 5s, reg., 1919.... ÌÌ8 %
146.000 2.184.000
220.?-00
I East River............
1,183.800
223,400
1.040.800
onora—7s . . . . . . . . . . . . . . . . 110
94.100
4%s, Trust Loan...........
I Fourth National.. 18,840.000 8.760.000 1.374,400 19.818.100
860,000 wlsoonsin Cent.—1st ser.
99
P a A N. Y . O.—7s, 1896 118
¡Central National.. 8.678,000' 1.163.000
46.000
2d s e r ie s .................
8.739.000
962.000
07% 67% 7,1906...........................
I Second Natioual..
8,419,000
789.000
239,000, 4.218.000
43.000
Perkiomen—1st, 6s,op.’87
94
STOCKS 1
I Ninth National....
6.022.600 1.230.300
46.000 Atchison 3k T opeka. . . . . . 117% 117 V Phil. ABrlS—1st,7s,op.’88 106%
339.600 „ 5.603.400
I First National...... 20,666,400 8.843.600
979.300 19.918.700
441,900 Boston 3k A lb a n y .........
«112
Cons.,
6s,
1920....
206
¡Third National....
4.420,200
603.100
608.000 4.882.700
Cons., 5s, 1920............
Boston 3k Lowsll.............
173
IN. Y. Nat. E xoh...
1.474.100
209.700
200,700 Boston 3k M ains.............. 171
120.400
1.281.200
234 284% Phila. Newt. A N.Y.—1st 122
I Bowery.................
2,461,100
406.000
211.100 2.412.800 223,100 Boston
Phil. A R.—1st, 6s, 1910..
3k
Providence___
«282
|N. Y. County........
2,329.600
514.500
188.200 2.861.700
180,000 Boston Con. 3k M.. pref..
9d, 7s, oonp.A reg.,1893 111
I Gorman-Amoric’n . 2,600,100
289.300
107.100 2.286.100
Cons., 7s, reg., 1911.....
Boston Revere B. 3k Lynn
130*4
[ Chase National.... 6,678,900 1.311.800
874,200 6.62d,400
4MÒÓ California Southern........ 180
Cons., 7s, coup» 1911.. iso* 180%
62
3,767.600
I Fifth Avenue........
909.200
76.100 3.863.600
Cons., 6s, g., I.R.O.1911 118
Central of Massachusetts 28
146 000
[ German Exch’ nge. 2,616,200
813.700 3,934.500
Imp., 6s, g., ooup., 1897 107% 108
68
Preferred,
IGermania............... 2,649.600
74.900
316.000 3.747.600
Gen., 6s, g., coup., 1908
106%
Cheshire, preferred........
130
ITnlted States........ 4,772,700 1.069,400
51.900 4.895.700
46.000 Chic. 3k East’n Illinois... 111
Gen., 7s, ooup., 1908....
100
¡L incoln................
2,690,400
588.000
126.600 8.117.700
44,600 Ohio. Burl. 3k North’n___ 93% 94
Income, 7s, ooup., 1896 09% 70
I Garfield....................
1,808,800 373.800
142.000 2.037.800
45.000 Ohio. 3k West MiohDran..
Conv. Adi. Scrip, *86-89
07%
68
■Fifth National......
1,736,600
226.700
166.100 1.799.400
133,900 Cinn. Sandusky 3fc Cleve. « 28% 2b%
Cons. 6b, 1st ser.,0.,1922
70
|B'k of the Metros.
3.886.100 1.139.600
167.000 4.914.300
Cons. 5s, 2d ser.,0.,1933 62
08
Cleveland
3k
Canton.......
.
.
.
.
.
11
%
2,028.700
I West Side......... .
387.600
189,800 2.331.000
Debenture coup., 1898. 60
Preferred....................... 40
41
■Seaboard.................
1.983,400 400.200
222,600 2.217.100
43,100 Col. Sprlngf. 3k C ln .......
Conv., 7s. R. C., 1898...
■Sixth National.... 2.006 600
876.000
101.900 2.290.600
176,000 Concord.......................
Deferred incomes, op ...
134*
, 1®%
[Western National.
6,108,800
608.000
282.20U 2.616.600
Phll.Wil.A Balt.—4s.tr.ot 102% 108
Connecticut R iver..........
Pitts. Cln. ASt.L.—7 s....
122
Conn. 3k Passumpslo.......«112% 113
Total.
'866,231.700 72,499.900 24.664.600 371,307,100 8,260.700 Dot. Lansing 3k No., prof. .
Pitts. Titas. A B.—17s,op. 80
180 ShsmoklnV. A Potts.—7s
E a s te r n ................ ...
«.
The following are totals for several weeks past
Sunbury A Erie—1st, 7s.
Preferred.........................« .... 137
125
108 Sunk. Haz. A W.—1st, 5s
F itchburg........................
106%
1887.
Loans.
Specie. L. Tender». Deposit». Circulation Agg. Glear’gt Flint 3k Fere Marquette. « 86
2d, 6s,1938....................
98
Sunb.ALewlst’n 7s.C,.’96 120
Preferred....................... 106
•
»
9
9
Syr.Gen.A Corn.—1st, 7s.
9
9
Iowa
Falls
3k
Sioux
City.....
365,843.600 74,439,000 23.882.200 374,656.000 8,264.800 732,890.929
Tex. A Pao.—1st, 6s, 1905 il*0*
304,463,500 73,755,600 24.889.200 371,400,800 8,206.000 607,844,024
Consol., 6s, 1905.........
«...... *80**
365.231.700 72,499.900 24,654,600 371.307.100 8.260,700 508,137,154
Preferred...................... «130 ••«•••• Union A Tltusv.—1st, 7s.
35
Kan. O. Sprlngf. 3k Mem. 1........ 80 United N. J.—Cons.6s,’94 112
Philadelphia Banks.—The t o ta ls h a v e oe e u as f o l l o w s :
Cons. 6s, gold, 1901—
Little Rook 3k Ft. Smith. 43
14% Cons. 6s, gold, l9 0 8 ....
Ev. 3k St. Louis..
1887.
Loans.
Lawful Mon’y Deposits.*
Ciroula’n Agg.Cl’ngs. Iiouisv.
34
Gen., 4s, gold, 1923... . 105
Pref et red.......................
150
Warren A F.—1st, 7 s,’96 108%
Maine
Central......
..........
148
9
9
9
$
$
May 14...... 88.332.000
West
Chester—Cons. 7 s.. 110%
Manchester
3k
Lawrence.
24.169.000
83.147.700 3.450.150 54,129,053 Marti. Hough t’n 3k On ton.
“ 21...... 87,712,900
W. J ersey—1st, 6s, op.,’96 117
23.916.000
87.412.700 3.444.150 64,182,722
“ 28...... 88,669.200
Preferred......................
1st,
7s. 1899................... 122
24,084,450
88,258,800
3.443.150 57,043,390
June 4 ...... 89.409.000
Cons. 6s. 1909...............
24,997,900
90,232,900 3,434 250 03,076,602 Mexican Central.............. *1*8% *68% W.JerseyAAtl.—1st,0s,O
iò*é
N. Y. 3k New England...
58%
129
Western Penn.—0s, coup, 107
Preferred........... ...........
105%
0s,
P.
B
.,1
8
9
0
..............
Northern.....................
*146
RAILROAD EARNINGS.
Norwich 3k W orcester...
5s, reg., 1923........... .
18
CANAL BONDS.
3k L. Champlain
I Owing to the pressure on our columns we are unable to Ogdensb.
180% Ches. A Del.—1st, 6s,1880
Old Colony....................... *
92
Lehigh Nav.—4 %s, 1914.
Portland Saco 3k Portsm.l
109
Igive our usual detailed statement of earnings, but full re- Ports. Gt. Falls 3k Con’y.
115
Mort. RR., reg., 1897 .. 116
10% Cons., 7s, reg., 1 9 1 1 .... 129
R utland..........................
60
Iturns for the month of May, the 4th week of May, the 1st
Preferred.......................
Pennsylv.—0s, cp., 1910.. 80
87%
13% Schuylk. Nav.—1st, 6s,rg. 92
Summit Branch..... .........
94
2d, 6s, reg.. 1907...........
66%
[week of June and from January 1 to May 31, will be found in Wisconsin Central. . . . . . . 28% 28%
62%
B A L T IM O R E
Preferred.......................
Worcester Naah’aA Koch 140
[our editorial columns.
R A IL R ’D STOCKS.tPar
Atlanta A Charlotte........
P H IL A D E L P H IA .
90%
Baltimore A Ohio ...100 165
RAILROAD STOCKS, t
Buff. N.Y. 3k Phil.,ass.pd. 11 % 11% 1st pref..................
130
Unlisted Securities.—Quotations from both Eichung»«;
Preferred........ . .............
2d pref....................
123 180
9%
SECURITIES.
Parkersburg B r ......6 0
3k Atlantic..........
8% 7%
Bid. Ask.j
SECURITIES,
B id ., A sk. Camden
Preferred......................
49
50
42% Central Ohio—Com......60
Atch. A Pike’s P’k, 1st 6s 100
Catawissa.........................
Pref.............. .........
16% 20
60
Mexican National ....
12
Atla.A Char. Air L .,lst 7s 125 127
1st
preferred
..............
Western
M
aryland....60
13%
1»
50
51%
P r o f........................ .
41
!At.APac.-lstM.C.D.newö 101 104
RAILROAD BONDS.
2d preferred.................
48
1st
mortgage,
tr.
rec_
_
47
V
48
Boat. H. T.A West.—Stk 20
Atlanta A Chari.—1st___ 123
Delaware 3k Bound Brook 147
27 Newport News A M. Val.
[Brooklyn Elev’d—stock
East
Pennsylvania.........
Ino..................................
103
46
48
N.Y.Chi. A St.L.,rec.2dM.
1st mort______
Baltimore A Ohio—4 s....
109% 110
Elmira A Williamsport.. 45
108
Equipment 7 a ...............
1 2d mort......... .
P referred.....................
Cen. Ohio.—6s, lst,M .AS.
85*4 87 N. Y. City A Northern....
65
Cape Fear A V a i Val*., 1st 95%
Tuntingd’n
A
Broad
Top
17
18 Chari. Col. A Aug.—1st..
N.
Y.
W.
8h.
A
B.—Stock.
2*4........
Ches. AO., ser. B.def. scrip
P referred...................... 38
38% 2d...................................
North. Pao.—Dlv. bonds.. 99's 100
Chic. A Atlantic—Benot.
V a lle y ...............
8% 8*4! Orange Belt 1st............... 102
103%
I 60% Cln. Wash. A Balt.—lsts.
102% Lehigh
Ohio. Santa Fe A Cal. 5s.. 105% 106%'
Little Schuylkill............. 56%
2ds..................................
83
Pensacola
4
A
tlantic....
Cincin. A Springfield
3 d s.............................
Minehill A Sch. H aven... 57% 58
3
5
1st mort.........................
47
Cont.Cons. lmp.C’o.Tr.atk
Nesquehonlng V a lle y ....
1st Inc., 6s, 1931.......... 26%
53% 64
Pitts. & W est. RR., 1st M, 91
Coeur d’Alene.....
00% *6*0*4 Rich. York Riv. A Ches.. 96
Columbia* Greenv.—1st* 106
Northern Central............. 90
96
1 st moi t ...............
101%
North Pennsylvania....... 69
2ds.................................
84%
70
Rome A D e ca tu r..... . . . . . 30%
Edison Electric Light___ 235
Pennsylvania................... 55
1st mort., 6s................... 90%
65% No. Central—4 %s, J. A J. 107%' 108
Flor. R ’y A Nav.Co, Pref]
1
Philadelphia A Erie........
6s, 1900, A. A O........... 121
3% 8t. Louis Ft. S. A W ich..
32
6%
8
Georgia Pac.—Stock........ 19
23 St. Paul E. A Gr, Tr., 1st 6s
Phila. Ger. A Norristown il*8%
6s, gold, 1900, J. A J .... 121
109
1st 6s........................
107% 109 Toi. A.A.A M tPleas.—1st
Phila. Newtown A N .Y ..
6s, Series A .................. 112% 113
2ds.......................
66% Toi. A. A. & N. Mich........ 27% 29% Phila. A R e a d in g ......... 26% 26% 6s, Series B .................
Kanawha A Ohio____
4% 6%| ToL A O. Cent—P re f......
Phila. Wilm. A Balt........
Pittab. ACon’ells.—7sJ 3kJ 123
65 1
1st pref...................
18
20 ToL St. L.A Kan City, 1st
United N. J. Companies.. 217% 220
Union RR.—lst,gua.J3kJ 116
2d pref..................
8 % 10 Utah Central.—1 s t ........
West J e r s e y ...............
Canton endorsed...........
61*3
1st 6s..................
Virginia A Tenn.—6 s ___ 106
West Jersey A Atlantic..
Vicksb.
<a
M
eridian.......
Kan. City A Omaha__
16
19
Pref.................................
8s.................................... 128
Iste..........................
CANAL
STOCKS.
91
92*4 1st m ort.............. ....I I 100
W.Md.—6s,3d,guar.,J.AJ
129
Keelv Motor........
Lehigh Navigation........ r
14
16%'
Wilm. C. A Aug.—08____ 120 121%
m o rt..........................
Memphis A L. R. 1st M. 100 112 I 2d
Schuylkill Nat igation....
4
W il. A Weiuon—6s. . . . . . . 112
Incomes.. . . . . . . . . . . . .
Memp. A Chas.—Consol.. 115
do
P re f... i 9%
7s.................................... 120
West Va. R R .—lat. eâ.I.
Mex. NatConstruct’n Co. 40
41**1 West N. Car.—Con. M
98%
‘ Ex-dividend, t Per ah are. « Laet price this week,
BOSTON. _ _
750
T H E CHRONICLE,
fm r je s t m m t
AND
R a ilr o a d
I n te llig e n c e .
The I n v e s t o r s ’ S u p p l e m e n t contains a complete exhibit of
the Funded Defy o f States and Cities and o f the Shocks and
Bonds o f Railroads and other Companies. I t is published
on the last Saturday o f every other month—viz., January,
March, May, July, September and November, and is f u r
nished, without extra charge to all regular subscribers o f the
C h r o n ic l e .
E xtra copies are sold to subscribers o f the
C h r o n i c l e at 50 cents each, and to others at $1 per copy.
ANNUAL REPORTS.
Galveston Harrisburg & San Antonio Railway.
(F o r the year ending December 31, 1886.J
The annual report for 1886 has just come to hand. The
earnings, expenses and income account for the year, as
reported by the lessee, compare with those of the previous
year as follows:
E a rn in g s.
1886.
F r e i g h t ..:................................................................... $ 1 ,8 7 1 ,4 4 7
P a s s e n g e r ....................................................................
4 9 1 ,6 9 5
M ^il, E xp ress, &0 .............................. ......................
2 3 6 ,3 2 0
1 38 5 .
$ 2 ,4 0 5 ,0 1 7
5 25,848
2 6 8 ,2 10
T o t a l ........................................................................$ 2 ,5 9 9 ,4 6 2
O p e r a tin g e x p e n s e s . . . . . . . ...............................
2 ,3 2 2 ,4 2 3
$ 3,1 9 9 ,0 7 7
1 ,7 0 4,97 0
S u rp lu s...... ..................
R e n ta l re c e iv e d from T. & P. R . R .........'. .........
$ 2 7 7 ,0 3 9
5 4 ,9 0 0
$ 1 ,4 9 4 ,1 0 7
5 4 ,9 0 0
T o ta l su rp lu s........................................................
T a x e s . ...........................
A d d itio n s and B e tte rm e n ts ................
In te re s t o n B on d ed D e b t ........................ ............
I n te re s t on S tate o f T exa s D e b t ..........................
O ld C la im s..................................................................
$ 3 3 1 ,9 3 9
5 1 ,7 7 1
8 3 ,1 6 8
1,4» 2 ,8 8 6
2 7 ,4 4 3
2 0 ,5 4 6
$ 1 ,5 4 9 ,0 0 7
6 1 ,6 5 5
6 8 ,4 4 4
1 ,3 9 4 ,2 4 5
1 4 ,9 65
19,6 01
[VOL XL1V.
templated to replace these with steel rails during the year
1887.
“ The organization of the Newport News and Mississippi
Valley Company, which contemplated the unification in inter
est and management of the several lines of railway and other
transportation interests of the Chesapeake & Ohio Railway
Company and its western associates, having been perfected,
your board entered into a lease with that company for the
operation of this property for a period of 50 years, commenc
ing with February 1, 1886, by the terms of which, the lessee
is to keep the leaBed property in good repair, to operate, main
tain, add to and better the same as the business of the road
may from time to time require, and to apply the remaining
surplus to the payment of its equipment trust bonds and
the interest thereon, and other interest obligations in the order
of their priority, and to make such other advances from time
to time as may be agreed upon between the lessor and lessee.
Under the operation of this lease, greater efficiency and econ
omy are secured in the administration of the several proper
ties, and a better service rendered the public. The results
thus far fully justify the wisdom of this measure.
EARNINGS a n d
1884.
G ross e a rn in g s ..................... $ 1 ,3 7 4 ,6 4 6
O p eratin g e x p e n s e s ............ 1 ,0 3 4 ,6 9 5
S u r p l u s ................................. $ 3 3 9 ,9 5 0
O th er r e c e ip ts ..............................................
expen ses.
1885.
$ 1,5 7 1 ,1 5 5
1 ,0 6 8,62 5
1886.
$1,713,325
1,061,383
$ 5 0 2 ,5 3 0
..............
$651,942
4,593
T o t a l . . . ; ........................ # 3 3 9 ,9 5 0
$ 5 0 2 ,3 3 0
$656,525
A g a in st this surplus in 189 6 lias b e e n c h a r g e d :
T a x e s an d m iscella n eou s e x p e n se s ............................................ .
$73,927
Kent als fo r lea sed p ro p e rtie s ........................ .................................. .
77,111
O ld c l a i m s .. ............................................................................................ .
8,593
I n erest o n P. & E . R . R . a n d first m o rtg a g e b o n d s ................... 339,500
Interest on se co n d m o rtga ge b o n d s . . . . ........................................... 102,960
In te re st on equ ip m en t trust b o n d s ....... ............................
36,090
Interest on lo a n s............... ...................................................... .........
36,438
T o ta l................................................................................................ $674,620
D e fic it ...................................................................................................... $ 18,095
Compared with the operations of the year 1885, there has
been an increase in the gross earnings of $142,169, or 9*04 per
B a l a n c e ......................................................... d ef. $ 1 ,2 5 3 ,8 7 7
sur. $ 1 9 _
cent and a decrease in the operating expenses of $7,241, and
The lessee has paid the interest on the bonded debt and all an increase in the surplus over operating expenses of $149,411
or 29*73 per cent. The earnings from coal have decreased
other obligations assumed under the lease.
The report S3ys: “ The operating expenses have been excep $25,911, or 10*80 per cent, resulting from a decrease in tonnage
tionally large and they embrace Urge sums expended in the of 13 90 per cent; those from local freights have increased
physical improvement of the road and other betterments, $47,697, or 8*55 per cent, and those from through freight
thereby reducing the amounts usually charged the construc $102,197, or 31*78 per ci nt, both resulting from a proportionate
tion account of the road. A considerable sum has been ex- increase in the tonnage carried, making a net gain for the
mded to protect the roadbed between Camp Rice and El year of $123,988, or 11*09 per cent over 1885. The rates
aso from the encroachments of the Rio Grande, and it is received per ton per mile have been somewhat less, the aver
expected the road will be relieved from this character of ex age receipts being 1 cent, against 1015 cents in 1885.
There has been expended also during the year the sum of
pense in the future, At the close of the year 1885 over 800
freight cars were out of service requiring repairs; this num $311,082 for construction, improvement and equipment, and
ber has been reduced at the close of 1886 to 190, which is a for real estate the sum of $13 517, making a total expen
small percentage for the equipment on the road. The physi diture of $324,509, which has been charged to the capital ac
cal condition of the property has been materially improved in count of the company. The additions to the rolling stock
every direction. As renewals become necessary they are consist of 10 ten-wheel freight and 1 six- wheel switching
made of permanent and substantial character, and these ex locomotives, 6 passx-nge»*, 2 baggage and express, 1 baggage
penditures will, as a sequence, reduce the operating expenses and 200 box cars.
In the future.
GENERAL ACCOUNT DECEMBER 3 1 , 1886.
“ As will be seen below, there has been a considerable in
R o a d an d e q u ip m e n t. $ 20 ,2 8 8 ,8 5 8 F u n d ed d e b t............... *$11,20'»,000
crease in the number of tons of freight haulei during the
9,726,600
s li...............................
2 ,5 7 9 C apital s to c k .................
year over 1885, but the unprecedentedly low rates to the B ills r e c e iv a b le ..........
580,457
3,351 L oa n s & bills p a y a b le .
E
q
u
ip
m
e
n
t
tru
st
notes
25,455
*
to
ck
in
o
th
er
C
o’s
___
2
,2
5
0
Pacific Coast and other competitive points that have pre
D u e su n d ry roa d s a n d
king fu n d , P . & E.
vailed during the entire year, operated to reduce the gross S in
p erson s........................
16.925
b o n d s .........................
4 5 ,0 0 0
earnings from freight $533,570, or 22*18 per cent, as against S tock o f s u p p lie s ..........
1 2 9 ,2 3 0 D u e NT. N. & M. V. Co,
216,307
21,494
4 .1 1 4 U n a d ju sted a c c ’ ts___ _
1885; at the same time the increased tonnage and train mile D u e b y sund ry p erson s
26,065
1 7 ,8 30 U n p a id co u p o n s ...........
age increased correspondingly the operating expenses con U n a d ju sted a c e ’t s ___
C. O. & 8. W . 1st M tg.
1 06 .60 0
tingent upon the movement of the additional freight handled. C. O. & 8. W. 2 d M tg. 1 ,0 9 7 ,1 7 0
T o t a l......................... $21,821,306
“ The effect of this reduction of rates can be more fully I u c o m e a c c o u n t____ _
1 2 4 ,1 2 1
*726 o f th e 2n d M tg bonds are
estimated when we consider that had we received in 1886 the
T o ta l........................... $ 2 1 ,8 2 1 ,3 0 6 ex -co u p , to A.ug. 1887.
same average rates per ton per mile as we received in 1885,
the freight earnings would have shown an increase of
f l ,034,215 instead of the decrease shown above.”
GENERAL INVESTM ENT NEW S.
The freight traffic, in which there has been the principal
Railroad Net Earnings.—The following table shows the
decline in earnings, compares with 1885 as follows: In 1886,
tpn miles, 184,706,411; earnings'per ton per mile, l'013c. In 1885, latest reports of net earnings not heretofore published.
ton miles, 129,150,154; earnings per ton per mile, l*862c.
-Aprii.-J a n . 1 to Apr. 30.-
g
GENERAL ACCOUNT DECEMBER 3 1 , 1886.
C o s t o f r o a d .................... $ 4 6 ,9 7 7 ,7 5 6
E q u ip m e n t.....................
4 , <97,214
R e a l es ta te .....................
1 ,7 8 6 .6 2 4
C ash on b a n d ...............
1,581
S u n d ry roa d s an d p e r
s o n s ............................
1 ,4 5 8 ,7 4 9
B ills r e c e iv a b le ............
1 0 2 ,8 6 7
U n a d ju ste d o p e n a c
c o u n ts ..........................
1 6 5 ,9 4 3
2 n d M o rt. b on d s. W est.
D iv is io n u n s o ld ........
3 5 5 ,0 0 0
-C ity a n d C ounty b on d s
1 ,4 8 4
T o ta l...................... $55,147,122
Fun ded D e b t ...... $ 2 5 ,9 8 3 ,0 0 0
S tate o f T ex a s B cb ool
F u n d d e b t.......
2 0 7 ,1 6 2
C apital s to c k .........
2 7 ,0 9 3 ,0 1 2
B ills p a y a b le .....
7 ,2 2 4
U npaid co u p o n s .............
2 17 ,55 0
D u e South. P ac. C o____
24,371
D u e T. & N . O. an d L.
W . R .R 8 .................
183 ,07 7
D u e su n d ry road s and
p ers on s ......................... . 1 ,0 2 2,40 2
U n a d ju sted op en a c ’ ts.
15.5,216
B al. fro m in com e a o c ’t
3 ' 4,1 0 5
T o ta l......................... $35,147,12!
Chesapeake Ohio & Southwestern.
(F o r the year ending December 31,1886.^
"The report of Mr. C. P. Huntington, President, says:
“ The company controls a line of railroad from Louisville
"Ky., to Memphis, Tenn., 392*48 miles, and a branch line from
Elizabethtown to Cecelia Junction of 6 miles; total, 398*48
and 47*01 miles of sidings. During the year 7466
miles of steel rails have been put in the track, leaving n o w
■but 49*76 miles of the old iron rails in the track ; and it is con-
N a m e o f R oad.
188 7 .
1886.
Cp. F ear & Y a d . V a l..G ross.
1 8 .9 2 9
1 6 ,0 79
N ot
8 192
7 880
C hesapeake & Ohio. .G ro ss .
3 4 4 ,7 6 6
3 1 7 ,16 2
N e t . ..
1 2 9 ,7 2 2 1 0 5 ,8 2 0
E liz. L e x . & B ig S ..G r o s s .
7 8 ,5 8 4
6 5 ,7 4 3
N e t . ..
2 2 ,9 3 6
2 4,9 35
Ches. O h io & So. W ..G r o s s .
1 2 7 ,3 6 4 1 2 4 ,0 7 0
N e t ...
3 7 ,1 6 3
4 2 ,1 2 6
C hic. B url. & Q u in cy .G ro ss. 2 ,1 9 7 ,9 0 0 1 ,9 5 2,74 0
N e t . ..
9 1 0 ,1 3 1 8 13 ,20 7
C lev. C ol.Cin. & I ....G r o s s .
3 3 1 ,2 9 8 2 81 .58 8
N et . .
9 2 ,5 0 8
87,1 87
D en ver & R io Gr . ___G ro ss.
5 6 5 .7 4 4 4 8 4 ,6 5 4
N e t . ..
1 57 ,30 1 1 62 ,39 9
E . T e n n . V a. & G a ...G r o s s .
3 6 2 ,7 6 6 2 7 7 ,3 7 6
N e t . ..
5 1 .4 3 9
2 7 ,2 2 5
K e n tu ck y C e n tra l.. .G r o s s .
7 7 ,4 0 0
6 6,7 53
N e t . ..
2 9 ,7 0 3
2 3 ,2 8 0
M inn. & St. L o u is .. .G ro s s .
1 1 3 ,5 5 2
1 10,519
N e t ...
14,2 19
2 5 ,9 39
O regon Im p . C o ........G ro ss.
3 0 4 » 0 4 1 9 8 ,2 4 1
N e t . ..
7 7 ,7 7 4
2 8 ,6 5 4
O reg. R ’y & N av. C o .G r o s s .
4-87,548 4 07 ,97 3
N e t . ..
1 8 3 ,7 6 8 179 , <>57
R o m e W at. & O g d ..G r o s s .
2 3 7 ,2 9 0
2 1 3 ,9 3 9
N e t ...
9 2 ,8 8 2
8 2 ,1 7 1
T o le d o & O h io C e n t..G ro ss.
7 3 ,2 6 2
5 8 ,2 8 7
N e t . ..
1 8 ,9 9 9
18,7 99
1887.
8 6,6 18
4 2 ,0 6 7
1 ,3 1 2 ,3 5 4
3 77 ,02 1
3 0 5 .2 9 3
8 4 ,5 3 0
5 4 0 ,9 6 9
1 9 7 ,1 1 4
8 ,9 8 3 ,2 0 2
4 ,2 6 6 ,3 ; 8
1,334,95.4
4 5 6 ,7 9 2
2 ,2 6 7 ,0 5 5
8 4 2 .2 9 3
1 ,5 9 5,91 8
4 3 3 ,4 6 1
4 9 6 ,8 3 4
1 17 ,36 9
1 ,1 0 0 ,6 6 1
2 1 2 .3 9 9
l,4 0 -*,7 5 0
5 0 5 ,72 3
8 7 6 ,2 6 2
3 2 9 ,1 3 5
3 1 5 ,7 8 9
1 1 1 ,0 1 5
>In clu d es th e U tica & B la ck R iv e r R o a d in b o th j ear3.
1880.
74,923
41,693
1,189.726
364*,711
262,936
84,805
493,969
160,001
7,393,150
3,119,426
I ,t7 4 ,l6 3
340,562
1,814,483
571,816
1,286,816
335,929
417,618
108,832
763,679
100.084
1,369,233
457.392
802,69a
298,127
217,875
64,571
J une 11, 1887.]
THE
CHRONICLE.
751
Atlantic & Pacific.—The C h r o n i c l e has obtained the fol clnnati; W . H. Ramsey, of Cincinnati; Christopher Meyer,
lowing official statement regarding the land grant of this com of New Y o r k ; F. H. Short, o f Cincinnati; W. R. McKeen
pany: Earned under grant from the Government about 16,000,- and Josephus Collett, of Terre Haute. The ilireotors elected
000 acre?. Of this there have been sold 1,408,645 acres; in the following officers: President, Henry S. Ives ; Vice-Presi
hands of a trustee to pay advances made by the Atchison & dent and General Manager, C. C. Waite; Secretary and Treas
San Francisco companies to pay coupon interest, 5,319,065 urer, F. H. Short. The amount of stock to be taken by the
acres, leaving about] 9,277,990 acres undisposed of. Sales new owners was not exactly known, nor the price.
duting 1886, 208,150 acres, for $146,049; receipts from stumpCleveland & Canton.—This company has just recorded the
age, $9,993; from interest, $3,532; total, $159,576. Paid for mortgage of $2 ,000,000 which it was recently voted to put
interest on Western Division first mortgage bonds $263,449; upon the property. The mortgage is made to the International
expenses of Land Department, $53,910; debit balance $157,784. Trust Company,
—The following executive committee of the Atlantic &
Cleveland Columbus Cincinnati & Indianapolis.—The
Pacific has been elected: H. C. Nutt. B. P. Cheney, W . B.
Strong. Jesse SeJigman and E. F. Winslow. The directors earnings, expenses, &c., of this 'road for April and for four
months, obtained for publication in the Chronicle, were as
voted to double the subscription for building the Arizona follows
:
Mineral Belt, on condition that a 5 per cent bond be issued in
.--------- A p r il.---------- , ,— Ja n . 1 to A p r il 3 0 .----- „
place of the 6s; that the amount he reduced from $ 20,000 to
188 7 .
183 6 .
188 7 .
1886.
$18,000 per mile, and that the Mineral Belt show enough G ross e a rn in g s ...................$ 3 3 1 ,2 9 3 $ 2 8 1 ,5 8 3 $ 1 ,3 3 4 ,9 5 8 $ 1 ,1 7 4 ,1 6 2
1 9 4 ,4 0 0
8 7 8 ,1 6 6
8 3 3 ,6 0 0
money raised from other sources to complete eighty miles of O p eratin g e x p e n s e s ........ 2 3 8 ,7 8 9
the road.
N et ea rn in g s..................... $ 9 2 ,5 0 3
$ 3 7 ,1 8 7
$ 4 5 6 ,7 9 2
$ 3 4 0 ,5 6 1
Boston & Lowell.—The Boston & Lowell Railroad has taken In terest, ta x e s, e t c ............. 6 7 ,9 58
6 9 ,0 8 3
2 7 3 ,9 0 8
2 7 4 ,5 7 8
formal possession of the Connecticut & Passumpsic Rivers
B a la n ce .................................. $ 2 4 ,5 4 9
$ 1 8 ,1 0 3
$ 1 8 2 ,3 8 4
$ 6 8 ,9 8 3
Railroad, which will hereafter be known as the Passumpsic A d dition s to p r o p e r t y ........ 5 5 ,8 2 1
1 0 ,7 06
*3 33 ,91 7
7 7 ,9 8 0
Division of the Boston & Lowell Railroad.
B
a
la
n
ce
........................
d
e
f.
$
3
1
,2
7
2
$
7
,3
9
7
d
e
f.$
1
5
1
,0
3
3
def.$L
1,99,7
California Southern.—The Boston A dvertiser says of
I California Southern: “ A plan has been suggested which * T h is item in clu d e s $ 2 8 3 ,7 8 3 s p e n t fo r n e w cars, $ 3 3 ,2 5 0 fo r n e w
I meets the approval of some of the largest owners of 6 per cent en giues a n d $ 1 6 ,8 8 5 fo r p u rch a se o f r e a l estate.
I income bonds. It is to issue a second mortgage 5 per cent
Des Moines & F ort Dodge.—This road was leased to theI bond for par and accrued interest of the incomes, the bond to Chicago Rock Island & Pacific Railway Company (possessionI have the guarantee of Atchison for principal and interest. delivered June 2 , 1887), for a period of eighteen year?. B y
I The total bonded debt of the California Southern would then the terms of the lease the lessee is to pay the arrears o f
I be about $27,000 per mile, and the annual interest charge interest now due and thirty per cent of the gross earnings
$1,450 per mile, against $1,620 at present. Though this plan with its guarantee stamped on the $1,872,000 of first series
would give the income bondholders a less interest, their and extension bonds, guaranteeing them four per cent interest
security would be much strengthened.”
and a guarantee upon the $ 1,200,000 of income bonds when
Chicago Milwaukee & St. Paul —A t the annual meeting they are presented, guaranteeing them 2J£ per cent interest,
in Milwaukee the oi l board of directors was re-elected, and The first series and extension bonds carried a voting power,
I George C. Magoun. of Kidder, Peabody & Co., and A.Van Sant- and the Chicago Rock Island & Pacific Road, by continued
I voord, of New York, wtre put in the places of the two direct- purchases of these bonds and the stock of the road, l?as
I ors who died since the last election, Alexander Mitchell and acquired a majority vote, and elected the board at its last
I Julius Wadsworth. No action in regard to filling the vacant annual meeting. President Whitehead, who reorganized the
I office of President was taken, the directors agreeing that the road in 1874, and has brought it up from bankruptcy to its
I road was being w* 11 managed now and there was no occasion for present substantial position, resigned as President, and the
I hurry in filling the office. As now constituted 9 of the board Superintendent o f the road was placed in his stead. When
I of 18 directors ate Eastern men, as follows: Frank T. Bond the road was reorganized in 1874 it fell short of paying its
George C. Magoun, Peter Geddes, Hugh T. Dickey, James running expenses by ab >ut $3,000 a year. It now earns its
I Stillman, William Rockefeller, James 1\ Woodward, Joseph fixed charge? and a surplus. It was then an iron road eightyMillbank, A Van Santvoord, all of New York; Selah Cham eight miles in length; it is now a ste<J road one hundred and
berlain, Cleveland; Philip Armour, Chicago; John Plankin- forty-three miles in length, with ample rolling stock and ter
minal facilities.
I ton, Milwaukee; J. C. Easton, Lacrosse.
The directory reported that it had b en decided to issue 100,000
Duluth South Shore & A tlantic.—Holders of certificates q f
I additional shares of stock, with a face value o f $10,000,000,30,000 the Duluth South Shore & Atlantic Syndicate for common
I of the shares to be used in buying the Chicago Evanston & and preferred stock were notified that certificates of stock,of
I Lake Superior Railway, and the remainder to be ust d in the Duluth South Shore & Atlantic Railway Company would
I extensions. The Slock Exchange has since received notice he issued therefor on and after Tuesday, June 7, 1887, at the
I that $10,000,000 of new St Paul stock was to be issued, $3,000,- Central Trust Company of New York, on surrender o f the
I 000 of which would g o to pay for the Evanston Road, while certificates properly indorsed.
I the other $7,000,000 would be allotted to such stockholders of
East Tennessee V irginia & Georgia—The gross and net
record as may desire to subscribe for it at $85 a share.
—Mr. P. D Armour is reported as saying that this new issue earnings for April, and from July 1 to April 30, have been
I of stock is a moat favorable transaction for the St. Paul Com as follows:
-A p r il.,— J u ly 1 to A p r il 3 0 .— »
pany. “ Take a look at the thing a a stockholder in the read
1887.
1886.
1 8 8 6 -7 .
1S 85-6.
We issued $10,000,000 of stock. Three millions of it is.m d G ross e a rn in g s............... $ 3 6 2 ,7 6 6
$ 2 7 7 ,3 7 6 $ 3,4 8 7 ,7 6 3 $ 3 ,5 1 5 ,0 2 8
250 ,15 1
at par paid for the new Evan-ton suburban branch wi;h ter O p eratin g exp en ses . . . 3 1 1 ,3 2 7
2 ,4 9 3 ,9 0 1
2 ,1 9 7 ,8 3 3
minals at Chicago, including 316 acres in the city limits.”
N et e a rn in g s............ $ 5 1 ,4 3 9
$ 2 7 ,2 2 5
$ 1 ,4 9 3 ,8 6 2
$ 1 ,3 1 7 ,1 9 »
I.
*
“ Any Chicagoan knows what that suburban road
New York Stock Exchange.—The governors of the Stock
is, and as for the price paid, it is a fact that we can turn
around to day and sell it for 20 per cent more than we paid Exchange have admitted to dealings at the board the follow
That Evanston road is delivered to us free of e e y ing securities and silver bullion :
Silver B ullion Certificates—Representing 1,000 ounces
I dollar of incumbrance. There were bonds on it. Tin y are
all in our safes. The other $7,000,0U0 of stock was issued in of 998 fine silver, deposited with the Mercantile Safe Deposit
Company,
and subject to the charge £of one cent per day per
[ part on about 180 miles of road built from Merrill into the
f Gogebic country. In November that road will be ready for 1,000 ounces. The certificates are to be registered and counter
®oo1? am8, The business of that oountry paid the Northwestern signed by the Western National Bank.
Norfolk & W estern R ailroad Company.—$4,000,000
*¿3.000 per mile last year and raised Rhinelander’s Milwaukee
in J 3hore1 8tock above Par* The other part of the additional preferred stock, making the total amount listed
$i,U90 000 stock was issued on the road we are building $22,000,000. This stock is issued for the purpose of consol
from Omaha into Nebraska, where the Burlington this year idation with the Clinch Valley Railroad Company and the
I built 800 miJes of new road.”
acquirement of additional equipment.
G ulf Colorado & Santa Fe R ailw ay .—$324,000 additional
Chicago & Western Indiana.—At Chicago, June 8 the
8 ?J* v meeting was held and resulted in the re-election of the first mortgage 7 per cent bonds, Nos. 11,401 to 11,724, making
old board of directors. A lease to the Chicago Santa Fe & the total amount listed $11,724,000; also $500,000 second
California Railroad Company was formally ratified. It gives mortgage 6 per cent gold bonds, Nos. 5,G01 to 5,500 inclusive,
I “hat company the joint use of the Western Indiana tracks making the total listed $5,500,000.
San A ntonio & A ransas P ass R ailw ay .—$552,000 6 per
from iorty-ninth Street to the passenger station at the
cent 40-year gold bonds, making the total now on list $1,608,000.at “ a“ “ al
S a l 1 lW O ? 0°00.
' f ° r * Perl° d ° f " years
H ouston & T exas Central Railw ay .—Farmers’ Loan &
I a C4“ cinnatl Hamilton & Dayton—Dayton & Michigan — Trust Company certificates of deposit of general mortgage
IA dispatch from Cincinnati, June 9, said: Tne Cincinnati bonds; also, that temporary printed certificates be a good
Mammon & Dayton roaJ has sold to David Sinton and Thomas delivery until engraved certificates are it sued.
J. Emery its common stock of the Dayton & Michigan road,
Des Moines & F ort Dodge Railroad Company.—$763,$1 m m * held the controlllng interest. The price named is 500 preferred stock and $4,283,100 common stock.
L ouisville & Nashville Railroad Company.—$1,350,Cincinnati Hamilton & Dayton—Terre Haute & In 000 first mortgage 5 per cent 50-year gold bonds, due May 1,.
dianapolis. At Terre Haute, Ind., June 4, the transfer of a 1887. Nos. 1 to 3,500 inclusive, for $1,000 each, interest May
majority of the $1,988,150 capital stock of the Terre Haute & and November. The 1,350 bonds have been issued to coverIndianapolis road was made to i he Cincinnati Hamilton & the cost of the extensions of the Cumberland Valley branch
: Day ten Company. All the old officers of the Terre Haute & from Corbin, Ky., to Pineville, Ky., now under construction
Indianapolis RR. resigned,and the following new directors were and approaching completion, about 32 miles; and the cost qf
elected : Henry S. Ives, of New York ; C. C. Waite, of Cin- the completion of the Indiana Alabama & Texas R iilroad
T H E C H R O N IC L E
r 752
from Clarksville, Term., to Princeton, Ky., now nearly com -'
pie ted, about 54 miles. Gauge 4 feet 9 inches; steel rails, 58
pou nds. These bonds are a lien only upon the above branches
and such other branches as are specified in the mortgage
dated April 30, 1887.
N ew Y ork City & Northern R ailroad Co.—Assented
Trust Company certificates.
N. Y . S usquehanna & W estern R. R.—$636,000 second
mortgage 4% per cent gold bonds, Nos. 1 to 636 inclusive,
$1,000 each, due 1937.
Chicago R ock I sland & P acific .—$1,000,000 additional
first mortgage 5 per cent extension and collateral fifty-year
bonds, Nos. 8,861 to 9,860 inclusive.
T oledo St. L ouis & K ansas Cit y R. R.—$2,000,000 first
mortgage 6 per cent gold bonds, Nos. 1 to 2,000 inclusive.
N orthern P acific.—From Philadelphia it is reported that
Northern Pacific dividend scrip issued to preferred stock will
be funded in a 6 per cent 5-20 debenture, interest semi-annual,
first coupon payable July 1. If another mortgage shall here
after be made on the property these debentures are to be
included. The large holders in New York, Boston and Phila
delphia have agreed to accept the new obligation.
Oregon Im provem ent Co.—The gross and net earnings for
April, and from Dec. 1 to April 30, were as below:
,----------- A p r il.---------- v
1887.
188 6 .
G r o s s e a m in g s ................. $ 3 0 4 ,8 0 4
$ 1 9 8 ,2 4 1
O p e r a tin g e x p e n s e s
2 2 7 ,0 3 0
1 6 9 ,5 8 7
N e t e a rn in g s .............. $ 7 7 ,7 7 4
$ 2 8 ,6 5 4
.— D ec. 1 to A p r i l 30.— ,
1 88 6 -7 .
188 5 -6 .
$ 1 ,8 4 1 ,2 4 7 $ 1 ,4 0 1 ,7 3 8
1 ,2 2 7 ,6 2 8
9 8 9 ,7 6 2
$ 6 1 3 ,6 1 9
$ 4 1 1 ,9 7 6
Oregon Pacific.—It is stated that a syndicate composed of
Rowland G. Hazard. Samuel S. Sands, A. S. Barnes, T. Egenton Hogg, S. V. White, George S. Brown, of Alexander
Brown’s Son, o f Baltimore, F. W . Rhinelander, and others,
have subscribed for the unissued 6 per cent first mortgage gold
bonds of the Oregon Pacific Railroad. The syndicate’s pur
pose is to complete the road from its starting point at Yaquina
Harbor, Oregon, to its eastern terminus at Boise City, Idaho.
Oregon R ailw ay & Navigation.—The following is a state
ment of the gross and net earnings o f this road :
,------------A p r il.----------- > .— J u ly 1 to A p r il 3 0 .— ,
1887.
1886.
1887.
1886.
G r o s s e a rn in g s ................. $ 4 3 7 ,5 4 8
$ 4 0 7 ,9 7 3
$ 4 ,4 2 4 ,0 8 9 $ 4 ,5 8 4 ,4 6 1
O p e r a tin g e x p e n s e s ....... 2 5 3 ,7 8 0
2 2 8 ,9 1 6
2 ,4 8 4 ,5 3 2
2 ,4 9 0 ,3 7 5
N e t e a rn in g s ................... $ 1 8 3 ,7 6 8
$ 1 7 9 ,0 5 7
$ 1 ,9 3 9 ,5 5 7
$ 2 ,0 9 4 ,0 3 6
P hiladelph ia & Reading.—A t Philadelphia, June 7, the
petition of the receivers asking authority to make arrange
ments with the reorganization trustees, so that moneys in the
hands of the trustees may be applied to taking up $ 2, 000,000
o f six per cent and $834,671 of four per cent outstanding
receiver’s certificates, was approved by Judge Butler in the
United States Circuit Court. The $2,000,000 receivers' certifi
cates were issued under the order of the Court of June 17,
1884, and the four per cents were authorized to be issued for
materials and supplies after April 1, of the same year.
Upon petition of the Philadelphia & Reading RR. Company,
the Coal & Iron Company, and the receivers, the United States
■Circuit Court recently gave permission that arrangements be
made to provide for the payment o f reorganization plan
assessments on such of the company’s securities as are pledged
■to secure the floating debt. The petition set out that many
creditors who have deposited pledged securities under the
reorganization plan are willing to pay the assessments on
them , providing the amounts so advanced are added from
time to time to their Railroad and Coal & Iron company
notes when renewals are made. By doing this it was stated
the sacrifice of the pledged securities could be averted. A
sohedule annexed to the petition showed the securities out as
collateral for floating debt on May 28, compared with the
same on February 28, 1886, fifteen months previous, as fol
lo w s :
B on d s.
Feb. 2 8 ,1 8 8 6 .
G e n e r a l m o rtg a g e b o n d s .............
$ 5 ,0 0 0
I n c o m e .................................
2 ,9 1 5 ,0 0 0
F ir s t 5 s ............................................... 2 ,3 5 9 ,0 0 0
S e c o n d 5 s ............................................ 2 ,6 7 6 ,0 0 0
-A djust. s c r ip ......................................
5 0 0 ,1 2 0
D e b . a n d g u ar, s c r ip .....................
3 9 ,0 0 0
G e n e r a l m o rtg a g e s c r ip ...............
8 2 4 ,6 7 0
P e r k io m e n s c r ip ..............................
4 6 ,0 8 0
T o t a ls ........................................$ 9 ,3 6 4 ,8 7 0
XLIY.
amounted to $900,000, and as the commissioner had announced
that he would not make a sale under $ 1 ,000, 000, the two
properties were put up together- and Mr. Coster bid $1,000,000.
For this sum the property was knocked down to the reorgani
zation committee, composed o f John Lowber Welsh, John R.
Terry, Thomas H. Coster and Anthony J. Thomas of New
Y ors and Philadelphia.
R ichm ond & West P oin t T erm inal.—The executive com
mittee of the Richmond Terminal Company decided to
recommend that the directors declare a semi-annual dividend
of 2% Per cent, payable July 1. The directors will declare
the dividend, and the stock books will be closed from June 22
to July 5. The committee appointed General E. B. Thomas to
be general manager of the Mobile & Birmingham division of
the system. Contracts were let for building the line from
Briarsfield, on the East Tennessee Virginia & Georgia road, to
a point on the Georgia Central near Birmingham.
Rome W atertown & Ogdensburg.—Following is the state
ment of earnings and expenses for April and the seven months
ending April 30, 1886 and 1887, including Utica & Black
River in both years:
,------------A p r i l .------------> /—7 m os. e n d in g A p r il 30.—,
1887,
1886.
1886-7.
1885-6.
$ 2 1 3 ,9 3 9
$ 1 ,6 6 3 ,0 3 1
$ 1,5 28 ,2 6 3
G ross e a r n in g s ............. $ 2 3 7 ,2 9 0
O p e r a tin g e x p e n se s .. 1 4 4 ,4 0 8
1 3 1 ,7 6 8
9 4 5 ,2 6 4
901,687
N et e a r n in g s .......
$ 9 2 ,8 8 2
$ 7 1 7 ,7 6 6
$ 8 2 ,1 7 1
$626,575
St. Louis A lton & Terre Haute.—At the annual meeting
of the Si. Louis Alton & Terre Haute the stockholders ratified the
lease of the St.Louis & Southern and guaranteed the interest on
their first mortgage bonds, and also authorized a lease of the
Chicago St. Louis & Paducah, which has recently received a
vote of $100,000 £% per cent bonds from the city of Paducah
to aid in building its line from Marion, the terminus of the St.
Louis & Southern to Paducah. Contracts are already let on a
portion of the road, and construction will be pushed as rapidly
as possible. It will give a through route from St. Louis to
Paducah.
St. Louis & W estern.—This road, which is the old Laclede
& Fort Scott, has been sold under foreclosure for $30,000. It
is understood that the road was bought in the interest of the
St. Louis & San Francisco.
Sault Ste. M arie B ridge Co.—The sale is reported of $900, *
000 o f the first mortgage 5 per cent 50-year bonds of this com pany, at par and interest. The bonds are guaranteed, princi
pal and interest, by the Canadian Pacific, Duluth South Shore
& Atlantic and Minneapolis Sault Ste. Marie & Atlantic Rail
road Companies, who hold jointly the stock.
S ch uylkill Navigation Company, Philadelphia & Reading.
—The Reading reorganization trustees had before them on the
4th inst. the offer formulated some time ago for the Schuyl
kill Navigation security holders, and which was rejected last
week by the directors of that company. The trustees decided
to present the offer at once to the individual holders. The
offer is that for the $1,700,000 of Schuylkill Navigation first
mortgage bonds and $2,817,000 o f various other loans, Reading
junior securities should be given, the percentage at which the
Schuylkill Navigation securities should be valued at varying
according to the order of priority.
W estern Union Telegraph.—From the quarterly state
ment just issued it appears that the actual net income for the
quarter ending March 31 was $37,582 better than the estimate.
For the current quarter ending June 30 the following state
ment compares the estimate with the actual of the corre
sponding quarter of 1886:
A c tu a l, 1 8 8 6 .
Q u a rter en d in g J u n e 3 0 —
N et r e v e n u e .........................................................
D e d u ct—
I n te re s t o n b o n d s ..................... . $ 1 2 3 ,6 1 6
S in k in g f u n d ...................................
2 0 ,0 0 0
E stim a ted , 1887.
$ 9 0 3 ,8 8 1
$ 1,0 50 ,0 0 0
M a y 2 8 ,1 8 8 7 . D ecrea se.
$ 1 2 3 ,5 0 0
$ 5 ,0 0 0
20,000
8 2 2 ,0 0 0 $ 2 ,0 9 3 ,0 0 0
* 1 0 3 ,6 1 6 ------------143,500
1 ,5 1 9 ,0 0 0
8 1 0 ,0 0 0
5 7 3 ,0 0 0
2 ,1 0 3 ,0 0 0 N e t in c o m e .................................- ........................ $ 8 0 0 ,2 6 5
$906)500
2 0 5 ,0 0 0
2 9 5 ,1 2 0 L ess d iv id e n d ............................................................................
812,000
3 9 ,0 0 0
......
7 2 5 ,4 0 0
9 9 ,2 7 0 S u rp lu s fo r q u a rte r..........................................
$94,500
$ 8 0 0 ,2 6 5
4 5 ,9 9 0
9 0 A d d su rp lu s f o r M a rch 3 1 ........................
6.815,932
3 ,5 0 9 ,5 6 8
$ 3 ,9 6 4 ,3 9 0
$ 5 ,4 0 0 ,4 8 0
1 Commenting on this change, the Philadelphia In q u irer
sa y s: “ This amount of collateral was not returned to the
company’s treasury, for not a note has been paid off. The
great bulk o f it has simply been thrown upon the market, and
«old for 40 or 50 per cent of its face value. Early in February
there were enormous sales of Reading income and second
«eries fives bonds made in the open market. Blocks of $100,OOO were sold at a time, and several blocks of this size were
«old in a single day. There was some mystery at first where
«uch quantities of bonds came from, and it was not until the
transactions were about over that it was known that the
securities were collateral that was being sold out by floating
debt holders.”
P ittsburg & W estern.—A t Pittsburg, June 8, a number of
capitalists were present at the sale of this road. The first bid
made was for $756,000 by Charles H. Co3ter of New York,
representing Drexel, Morgan & Co and the reorganization
comm ittee o f the Pittsburg & Western stockholders. No
other bid was received, and the Pittsburg Bradford & Buffalo
Railroad, one o f the former company’s leased lines, was next
put up, bringing a bid for $144,000. The total bids so far
|Vo l .
S urplus f o r J u n e 3 0 .........................................$ 4 ,3 9 9 ,8 3 3
$ 6,9 1 0 ,4 3 2
* $ 4 0 ,0 0 0 d e d u cte d , b e in g re tu r n e d fr o m s in k in g fu n d .
The Tribune money article remarks: The end of the current
: quarter closes the company’s fiscal y ea r; so by to-day’s state
ment we are able to present the results of the company’s busi
ness—subject only to corrections in the returns for the present
quarter—lo r the year compared with that of the preceding
year. The result shows 4 1-16 per cent earned upon the stock,
and that with rates for telegraphing lower than they ever
were before and so low that neither the Western Union nor
any of its competitors seems inclined to go any lower. Oat
of the last year’s business the only dividend declared has been
the one declared to-day, so that the company’s nominal sur
plus has grown from $4,309,833 on June 30, 1886, to an esti
mate of $6,900,432 for June 30, 1887. The subjoined table
compares the results for two years all the figures except
those for the current quarter being the corrected ones :
Y ea rs en d in g J u n e 3 0 —
1 88 6 .
N et r e v e n u e ................... .............................................. $ 3 ,9 1 9 ,8 5 6
C h a rg e s ............... ................................... ..........................
5 3 4 ,4 5 2
I S u rplu s fo r y e a r s . . .
. . . . . . . . . . . . . . . . . . . . . . . . .. ..$ 3 ,3 8 5 , 4 0 4
1887. ^
$ 3,9 4 9 ,8 1 6
573,910
$3,3 75 ,9 0 6
THE
J u n e 11, 1887.]
CHRONICLE.
753
bonds. But if the money cannot be raised, in this way as needed,
then recourse is to be had to the mortgage bonds of the parent or
terminal Company as may be found most expedient, those of the
S t T P A U L & D U L U T H R A IL R O A D .
terminal Company to be used rather than those of the parent
Company. It was supposed that the stockholders generally
CIRCULAR TO STOCKHOLDERS.
would understand the propositions and their object sufficiently
P h i l a d e l p h i a , June 7th, 1887.
without this explanation, and I believe from the manner in which
To the Stockholders o f the Saint Paul & Duluth Railroad Com they have sent me their proxies assenting, with but few excep
tions, to all four of the propositions, that they do understand them
pany:
„
,
.,
Having for several years been entrusted with the proxies of both as here stated, and their confidence as well as that of the investing
common and preferred stockholders of the Company, represent- public, in the directors, and in their ability to successfully carry
ing “ large majority of the whole number of votes, and feeling out the object of the propositions, was shown immediately after
that I had done nothing to forfeit the conddencethusre^sed in me, their announcement in the advance of the common stock from
I ventured on May 12th to again request the proxies of stockhold sixty-five to ninety, an advance as flattering to the directors as its
ers not intending to be present or otherwise represented at the rapidity was unexpected.
It was at once seen that the object of the directors was to open
Annual Meeting at Saint Paul on the 20th instant, and I beg to
thank the large number of stockholders who have already favored the way to the payment of dividends to the common stockholders,,
me with their proxies, as well as those who may still be intending and that, with the constantly-increasing business o f the Com
pany, a six per cent dividend upon the common stock for the
l° The efforts of the management to advance the interests of the fiscal year beginning July 1st simply depended upon the ability of
Company have heretofore been so successful and the stockholders the directors to raise the money for improvements from time to
have shown so high a degree of appreciation of them that opposi time as required in some one or more o f the ways proposed, with
tion to the action of the directors and to measures of Pojicy pro out having recourse to the income from the operation of the rail
posed by them has been almost unknown among the stockholders road, as heretofore. So easy of accomplishment did this seem,
until within about a yeai past. This opposition is largely^due to that the advance of the common stock might well have continued
the fact that the directors have pursued a policy of bringing the until it reached par and given assurance of the success of the plan
property to the highest state of efficiency and productiveness pos without the issue of a bond or increasing the fixed charges a dol
sible with the means at their command by applying the surplus lar. But just here a disturbing element appeared in th eform of
income, after the payment of dividends due the preferred stock an impracticable plan, issued without any previous consultation with
holders to the improvement of the line, and in additions to its the Board of Directors. The plan is addressed to preferred stock
equipment, by which its earnings have been largely increased in holders only, and appears under the date of May 81st, over the
spite of reduced rates and competition successfully met. 1 he op names of two firms of bankers and brokers of New York, who
position has been fostered by the publication of anonymous com request proxies to enable them to carry it out. The plan is im
munications in newspapers and pamphlets during the past year, practicable for the reason that it cannot be made operative with
with the apparent object of inducing the common stockholders to out the written assent of the holders of not less than two-thirds o f
believe that their interests are in natural antagonism with those the preferred and one-half of the common stock, and a very slight
of the preferred stockholders, a doctrine which I believe the en examination of its provisions will, I feel sure, satisfy most stock
holders that this assent from nearly twelve hundred comparatively
tire Board of Directors regard as utterly untrue.
At the last Annual Meeting measures were submitted by the small stockholders in this country and Europe could never be ob
unanimous action of the Board of Directors, which were deemed tained. I have already had interviews with, and received letter»
by them fair and equitable to both classes of stockholders, and and telegrams from, enough stockholders to satisfy me of this.
It is, therefore, difficult to understand how the projectors of this
they were so regarded by the great body of common and preferred
stockholders, to whom they had been previously submitted, and scheme, issued at a late hour, without notice to or consultation
who almost unanimously assented to them through their proxies. with the Board of Directors chosen by the stockholders, could ex
A small number of stockholders, representing but a mere fraction pect it to succeed. What inducement is there in it for preferred
of the total vote at the meeting, objected to the adoption of the stockholders to give up an assured seven per cent stock, having
measures ; and there being some question as to their legal adop but a million dollars mortgage debt ahead of it, relinquish a large
tion upon’less than an unanimous vote, they were postponed until share in the control of the Company, and accept instead a five
the next Annual Meeting. Since then, agitation has been kept per cent bond and a small bonus in common stock, withfno
up by the publication o f the communications referred to and by definite assurance of the market value of either or the amount of
the commencement of a suit in equity in the Circuit Court of the income they would together yield ?
The plan contains no proposition whatever for providing the
United States, District of Minnesota—which was withdrawn, to
be immediately followed by another. The Company filed its an means for continuing the improvements and additions deemed so
swer to the bill of complaint in each case, and caused printed essential and necessary by the Board of Directors, and for which
copies of the bill and answer in each case to be mailed to all its they desire the two million dollars. The probability of redemption
stockholders of record, that they might have an opportunity of of the preferred stock “ in the very near future” is the chief motive
relied upon to induce preferred stockholders to unite in the
judging for themselves as to the equity of the claims made.
In order to meet the urgent desires of common stockholders scheme. It is true the “ Plan of Sale, Purchase, and Reorganiza
for dividends upon their stock, without sacrificing the manifest tion” does provide for the purchase of preferred stock (presum
and paramount interests of the Company, by suspending greatly ably for retirement) from the income from lands and stumpage
needed improvements and additions, the Board of Directors, after not required in paying the seven per cent dividends upon the pre
due consideration of the whole subject, unanimously adopted a ferred stock, but this seems to be inoperative under the laws vest
resolution at their meeting on February 5th, providing for the ing the Company with the lands, which expressly say that
submission of certain propositions at the next Annual Meeting, they shall be used for the construction, operation and
having for their sole object the raising of some two million dol equipment of the railroad and for no other purpose what
lars for the continuation of vital improvements as set forth in the ever. It would seem that so long as required for purposes
Annual Report of the President for the year 1886, a copy of which of construction, operation and equipment, the income from
was mailed to each stockholder of record. The resolution and lands could not be applied to the purchase of preferred
propositions were duly published by the Secretary on May 12th, stock, and this is one of the questions the Court will be asked to
and circular copies of the same were sent to all stockholders, with pass upon. But if the entire income from lands and stumpage,
at the rate received in the past four years, should be applied to
my request for their proxies.
The resolution and propositions contemplate'the raising of some the purchase of preferred stock, it would only retire it at a rate of
two million of dollars in such manner as would yield the money, less than two and one-half per cent per annum, and it would
as required from time to time and only for the purposes set forth, thus take upward of forty years to retire it all from this source.
It is also intimated that the propositions of the Directors con
and so as to increase the fixed charges upon the Company as little
as possible. The Congressional and Legislative acts, which are template the creation of bonds and shares amounting to from
deemed the supreme law in the case, expressly vest the lands in two million to six million of dollars, and that they will
the Company to be used for the construction, operation, and equip• redeem at par a considerable amount of the preferred shares
ment of the railroad and for no other purpose whatever, and at once. It is sufficient to say in reply to this that the resolution
under this authority thejirsi proposition is to be submitted. The of the Directors states the amount of money proposed to be raised
Legislature of Minnesota has in general and special laws given to be about two million dollars, and that it is to be used in the
the directors full power and authority to create, issue, and dispose course of the ensuing two or three years in making the necessary
of such amount of special, preferred, or common stock, in addi improvements set.forth. It was not, and is not, the intention of the
tion to that already authorized, from time to time, in such man Directors to issue* any bonds if the money can be raised by the
ner and upon such terms as they may deem fit, and in accordance proposed sale of stock, nor to purchase or retire any of the pre
with this power and authority the second proposition is to be sub ferred stock with the money, however it may be raised. The Di
mitted. Under the third proposition it is intended to issue two rectors have denied in their answer in the suit referred to that
minion mortgage bonds ox the Company only in case it should preferred shares have been illegally re-issued or that any money
clearly appear that money could not be raised as required under has been devoted to any purposes other than contemplated by the
the first and second propositions, or it should be deemed inexpe charter and the laws, and their account of their management of
dient to proceed under the fourth proposition in whole or in part. the Company and the expenditure of its funds are fully set forth
Under the fourth proposition it is expected that the Company may in their annual reports, and in the said answer sent to all stock
secure some rights and privileges it does not now enjoy, and suen holders of record, and they will abide by the final action of the
bonds as might be issued under it would not be a mortgage lien courts in the premises.
It is claimed in the circular setting forth the scheme that the
upon the property of the parent Company, but only
upon the property of the terminal or branch line individual holdings of the Directors at the closing of the books
contemplated.
In asking the discretionary power to on May 14th indicate that they are fully prepared for the whole
proceed under one or more of these propositions, the sale redemption of the preferred stock at any time. So far as the
intention is to use the land and stumpage income, if it suffices, holdings of the directors may be thus disclosed, it simply shows
until the common stock can be sold at par and upward, and raise nothing but the amount of stock happening to stand in their own
the balance of the money in this manner without the sale of any 1 names upon the”particular day named. They might have bought
R ep orts
an d
d ocu m en ts,
754
:
‘
T H E CHRONICLE.
sold stock on the next day, and it does not show what stock
they may own, control, or be interested in, standing in the names
o f their companies, firms, associates, employés, members of fam
ilies or brokers.
One member of the Board, who has seen fit to carry but a few
«hares of stock in his own name has, at every Annual Meeting
for several years, voted some eight thousand votes standing in the
liâmes of others, which stock he directly controlled. No one
knows better the small reliance to be placed upon such disclosures
of holdings of stock than the parties issuing the circular, and that
tliey should have stooped to such means to help them to proxies
shows the trifling claim they have upon the stockholders for
them.
The directors of the Saint Paul & Duluth Railroad Company
and their record of its management are too well known for them
to be seriously affected by the insinuations conveyed in the circu
lar, but if any stockholder has been tempted by it or through any
misapprehension of the facts, to give to its projectors his proxy,
I trust that he will at once revoke it by executing and forwarding
to me at Saint Paul without delay the inclosed proxy. I hope
that no stockholder who has heretofore failed to send me his proxy
will longer delay doing so. If any stockholder who has already
sent me a proxy in which he withheld his assent to any of the
propositions that he may now feel disposed to favor, he will please
execute and forward another proxy assenting to such proposition.
It is desirable in every case that all of the propositions should be
assented to, leaving the discretionary ¿power as to their .use with
the Board of Directors]
Respectfully,
WILLIAM H. RHAWN.
TOLEDO ST. LOUIS & KANSAS CITY TR AILROAD CO.
A P P L IC A T IO N TO T H E N E W Y O R K S TO C K E X C H A N G E .
The following is a copy of the application submitted to the
New York Stock Exchange for the listing of $2,000,000 of
bonds which have just been placed on the Regular L ist:
N ew Y ork , February 21st, 1887.
The Toledo St. Louis & Kansas City Railroad Company was
formed on the 12th o f June, 1886, by the consolidation o f the
Toledo Dupont & Western Railway Company, of Ohio, the
Bluffton Kokomo & Southwestern Railroad Company, of
Indiana, and the Toledo Charleston & St. Louis Railroad Com
pany, of Illinois. These three companies last mentioned, of
Ohio, Indiana and Illinois, respectively, were each organized
according to law, to take title in their respective States to the
railroad property theretofore known as the Toledo Delphos &
Burlington Railroad Company, of Ohio and Indiana, and the
Toledo Cincinnati & St. Louis Railroad Company, of Ohio,
Indiana and Illinois, being in all a line of railroad of three
feet gauge, in full operation, and extending from Toledo,
Ohio, to East St. Louis, Illinois, a distance of about 450 miles.
This railroad property was purchased December 30th, 1885, by
Sylvester H. Kneeland, at foreclosure sale, under decrees of
foreclosure, issuing out of the Circuit Court of the United
States for the District of Indiana, and the Southern District of
Illinois, and the Northern District of Ohio, Western Division,
respectively, and was purchased in behalf of first mortgage
bondholders of the companies heretofore owning said prop
erty, subscribers to a deed of trust, known as of April 9th,
1884.
v
The purchaser at foreclosure sale and associates proceeded
under the laws of Ohio, Indiana and Illinois to organize in the
respective States corporations for the purpose of owning and
managing said property and uniting the same by consolida
tion, to the end that all the said line o f railway and property
from the City of Toledo, O., to East St. Louis, 111., might
belong to and be operated by one corporation. Such proceed
ings were afterwards had, resulting in the consolidation of
these corporations, and in the formation, on the 12th day of
June, 1886, of the present company.
The company herewith submits certificates of counsel as to
the entire regularity and legality of the foreclosure sale, reor
ganization, and all other proceedings hereinbefore mentioned.
Length o f m ain lin e ..........................................................................................
H id in g s and turn outs (a b o u t)...................................I I ” 11II III’ III ’ 11II
45q
T ótiil m iles siiigle tr a c k ........................ ..................................................
405
35
The main line is at present laid with iron and steel rails, as
lòllow s:
S teel,
S teel,
S teel,
S te e l,
6 1 13 lbs.
56 lb s ...
5 0 lb s ...
4 0 lb s ...
M iles
106-9
11-3
5-8
70 0
T o ta l la id w ith steel ra ils...........................................................
*194-0
I ro n , 5 0 lb s ...........................1 ............................... / .....................
2 1-0
I r o n , 4 0 lb s .................................................................i l l H I I I I I ..............2 35 -0
T o t a l la id w ith iro n ra ils..................................... ........................
*256-0
T o t a l . . .................................................. .................................................
450 0
*In J u n e 1887 th e n u m b er o f m iles o f iro n ra il is o n ly 1 56 a n d steel
x a il 294.
The entire work of reconstruction was contracted for early
last year, and the contractors, in turn, made contracts, before
the advance in price, for enough steel rails (61^ lbs.) and
fastenings, deliverable monthly, to fill the entire contract
during the current year, and to lay the entire line with heavy
steel during that period. Work is now being, and has been
since last summer, vigorously prosecuted for the purpose of
widening the gauge of the entire line broadening all embank-
rvoL. XLiy,
ments and cuts, strengthening and rebuilding all bridges, con
structing all necessary additional stations, water-tanks, repair"
and machine-shops and sidings, so that the line reaching from
Toledo to East St. Louis shall be in all respects a first-class
road of standard gauge. While this work is being pushed it
necessarily dominates everything else, requiring the use of a
large portion of the general equipment for construction, and
not only rendering the transaction of the ordinary business of
the road difficult, but reducing gross and net earnings to a
minimum. This will soon change as to a great part of the
line, it being expected that the work of widening the gauge of
the Toledo Division (extending from Toledo to Frankfort, Ind.
a distance of 207 miles), will be completed in a few months'
the work as to the St. Louis Division being vigorously prose
cuted at the same time. [The change to standard gauge on
the Toledo Division will be completed before July 1, 1887.1
The following is a full statement of the stock and bonds
issued by the company on the line from Toledo to St. Louis, all
of which have been issued and delivered by the company to
the trustees acting for the parties in interest, the same having
been issued in consideration of the conveyance of the said
property to this company, the broadening of the gauge of its
road, furnishing the same with motive power and rolling
stock, discharging underlying liens, and for exchange with
first mortgage bondholders of the foreclosed companies, holders
of Metropolitan Trust Company receipts :
1st. $11,250,000 Capital Stock, divided into 112,500 shares of
$100 each.
2d. $5,805,000 of Preferred Stock, divided into 58,050 shares
of $100 each, entitled to dividends at the rate of 4 per centper
annum, not cumulative.
3d. $9,000,000 of First Mortgage bonds, Nos. 1 to 9,000, both
inclusive, dated June 19th, 1886, maturing June 1st, 1916
principal and interest payable in gold at the company’s office
in New York, and bearing interest from and after June 1st,
1886, at the rate of 6 per cent per annum, payable on the 1st
days of December and June of each year, and evidenced bv
coupons maturing December 1st, 1886, and each subsequent
June 1st and December 1st, until the maturity of said bonds.
The said First Mortgage constitutes the first and entire lien on |
the property and franchises of this company, its real estate,
terminals and equipment, The bonds can be registered, if de
sired, on the books of the company, at its agency in the City of
New York. This issue of bonds is secured by a Mortgage
Deed of Trust made by this company to the American Loan &
Trust Company of New York, and the Hon. Joseph E. McDon
ald, of Indianapolis, Ind., under date of June 19th, 1886, con
veying to said Trustees all its line of railroad hereinbefore
described, together with all property of every kind and des
cription, both real and personal, belonging or appertaining
thereto, which it now owns or may hereafter acquire.
L IA B IL IT IE S O F T H E C O M P A N Y .
F irst M ortg ag e B on d s (n ot in han ds o f T ru ste e s)........................ $2,000,000
P referred S tock,
“
“
“
......................... 4,805,000
C om m on S tock ,
“
“
«
.......................... 2 500,000
T o t a l.................................................. .................................................. $9,305,000
All bonds and stock before described, issued by the company,
with the above exceptions, are still in the hands of said
Trustees, whose certificate is herewith submitted.
A SSET S.
C ost o f R o a d and O ld E q u ip m e n t.................................................... $9,305,000
Equipment owned: 24 locomotives, 10 passenger coaches, 4
baggage, mail and express cars, 8 cabooses, 1 officer’s car, 224
box cars, 314 coal cars, 56 stock cars, 130 flat cars, 2 sets stand
ard gauge trucks.
Equipment leased: 5 locomotives, 221 box cars, 167 coal cars,
22 stock cars, 11 flat cars, 2 sets standard gauge trucks.
Of the $7,000,000 First Mortgage Bonds remaining in the
hands of the Trustees, there are $1,800,000, being at the rate
ot $4,000 a mile, held for the purpose of purchasing with the
proceeds thereof standard gauge equipment, contracts for
which are now being given.
The company has no known liabilities of any kind (other
than the current expenses of operating the road), except the
obligations above mentioned, while the cash on hand and
owing from the Government, and other accounts receivable,
exceed such current liabilities by about $50,000.
E A R N IN G S , J U N E 19, 188 6 , TO D E C E M B E R 3 1st , 1886.
S ix M on th s an d T en D a y s ................................................................. $23 7 ,4 2 9 77
E x p e n s e s .................................................................................................. 156,391 25
N e t . . .................................................. ...............................................
G E N E R A L O F F IC E R S , E t c .
$ 81,038 52
J ames M. Quigley , President, 40 Wall Street, New York.
George L. B radbury, Vice-President, Toledo, O.
I saac W. W hite , Secretary and Treasurer, 40 Wall Street,
New York.
R. W. M o t t , Transfer Agent, 40 Wall Street, New York.
Transfer Office : Office of the Company.
Registrar of Transfers: The American Loan & Trust Com
pany of New York.
I respectfully request that of the First Mortgage Bonds here
inbefore described, Nos. 1 to 2,000, inclusive, being those out
standing, be listed.
Respectfully,
JAMES M. QUIGLEY, President
This Committee recommends that the above described
$2,000,000 First Mortgage Gold 6 per cent Bonds, Nos. 1 to
2 ,000, inclusive, be admitted to the regular list.
S. T. RUSSELL, Chairman.
GEORGE W. ELY, Secretary.
J une
755
T H E C H R O N IC L E
11, 1887.]
C O T T O N .
F r i d a y . P. M., June 10,1887,
T h e M o v e m e n t o p t h e C r o p , as indicated by our telegramsr
from the South to-night, is given below. For the week ending
~ COMMERCIAL EPITOME.
this evening (June 10), the total receipts have reached 4,033
bales, against 7,599 bales last week, 9,765 bales the previous
F r i d a y N i g h t , June 10,1887.
week and 10,626 bales three weeks sin ce; making the total
The week is notable for the decline which has taken place receipts since the 1st of September, 1886, 5,179,919 bales, against
in speculative values, and especially of such leading staples of 5,207,949 bales for the same period of 1885-86, showing a de
agriculture as cotton, wheat and coffee, which had been crease since September 1, 1886, of 28,030 bales.
forced up by combinations whose ramifications embraced
Wed. Thurs.
F ri.
Tues.
M on .
T ota l.
Bat.
R eceip ts at—
operators in both continents; at the reduced prices they are
... .
5
IS
4 58
....
476
G a l v e s t o n ... . . .
••••
still much dearer than a year ago. The weather has con
. . . .
... .
... .
In d ia n oia, &o.
••••
tinued generally favorable to crop prospects, but the period N ew O r le a n s ...
37
50
1 ,0 5 8
130
5 08
3 18
15
88
4
338
214
6
5
21
has arrived when active trade for the season usually come3 to M o b ile.................
. .. .
. . . .
. . . .
... .
....
••••
an end. Great confidence is felt that the mercantile affairs of F lo rid a ................
30
325
59
6
55
146
29
the country for the coming autumn and winter will prove S a v a n n a h ...........
—
....
... .
... .
....
B rn n sw ’k, Ao.
active and remunerative, and preparations are consequently C h a rle s to n ........
1
376
1
65
6
10
2 93
....
....
___
....
....
in progress for a large and general business.
P t R o y a l, A o .
....
2
6
1
....
3
....
....
The speculation in lard futures has been fairly active, rising W ilm in g to n . . . .
....
....
... .
....
....
••••
M oreh’d C .A o .
at times into briskness, and prices have improved, though
7
17031
9
50
22
51
N o r f o l k .. ..........
not without frequent fluctuations. To day there was a slight
. .. .
....
39
....
39
....
....
W est P o in t, Ao
further improvement. Lard on the spot has been rather N ew Y o r k . . . . . .
363
.....
96
2 67
....
••••
187
18
39
3
2
60
65
firmer, but is to-day quiet at 6 *6oc. for prime city, 6*97^@ B o sto n .................
....
....
....
....
....
405
405
7*02}£c. for prime to choice Western, 7 "20c. for refined to the B a ltim o r e _____
289
50
37
12
1 34
P h ila d elp ’ a, A o.
56
....
Continent and 7 60c. for refined to South America.
*3£hje ( H o r a m j e r c i a l ^ p m e s .
T o ta ls th is w eek
DAILY CLOSING PRICES OP LARD FUTURES.
J u ly d e liv ’y
A u gu st “
Bept.
“
O cto b er “
N
o v e ’b
nuYo
u-ir “
Saturd’y.
. . 7 '0 5
. . 7 '1 4
. . 7*25
. . 7*32
. .• 7*22
•
» ••
M on d’y.
7*05
7*15
7*25
7 '3 3
7*2
• 4
Tuesd'y.
6*94
7*64
7*14
7 20
7*10
■ *v
W edns,y. T h nrsd 'y. F r id a y t
703
7*02
6*96
7*12
7*13
7*06
7 -22
7*20
7*16
7-29
7*27
7*23
7*1—
9
7*15
7*12
•—
■—
Pork has continued inactive and nearly nominal; old mess
$14 75;new do,$1575;prime$14®$14 50 and clear $16 50@$17 50.
Cutmeats have been quiet; pickled bellies, 7J^@7^c.; shoul
ders, 6% @ 6%c. and hams l l @ l l ^ o . ; smoked shoulders, 7%c.
and hams 12,^@12^o. Beef remains nearly nominal. Beef
hams in fair demand at $21 50@$33 per bbl. Tallow
steady at 3%c. Stearine has been steady at 8)^c., with oleo
margarine lower at 6%o. Butter is steadier at 16@19>£c. for
oieamery and 14@ 18^ for State dairy. Cheese has been fairly
active and steady at 9@10c. for State factory full cream.
The swine slaughtered at the principal Western towns, March
1 to June 8, numbered 2,185,000, against 2,010,000 for the cor
responding period last year.
The following is a comparative summary of aggregate
exports from November 1 to June 4:
1 8 8 6 -7 .
P ork , l b s ..........................
2H.5 h5 .2 0 0
B acon , & c., lb s ................. 2 81 ,6 3 5 ,9 0 6
L a rd , lbs............................. 1 94 ,4 7 9 ,4 9 9
1 8 8 5 -6 .
2 7 ,0 4 8 ,OOO
2 96 ,0 6 8 ,0 1 7
1 8 2 ,8 0 6 ,6 6 1
D e c.
1 ,0 6 6
483
903
4 ,0 3 2
8 72
3 70
For comparison,we give the following table showing the week’ s
total receipts, the total since Sept. 1,1886, and the stock to-night,
and the same items for the corresponding periods of last year.
G a l v e s t o n ...
I n d ’n o la .A o
New O rleans.
M ob ile............
S a v a n n a h ...
This S in ce Bep.
W eek. 1 ,1 3 8 6 .
This
Week.
7 0 6 ,4 1 3
308
1.0 6 8 1 ,7 1 5 ,4 2 6
338
2 1 3 ,0 1 7
2 3 ,1 6 2
7 9 4 ,4 6 9
3 25
3 1 ,7 3 0
376
3 6 5 ,1 4 7
19,172
6 1 3 4 ,3 0 9
3,834
1 70
5 2 9 ,7 8 3
39
3 2 3 ,8 2 9
363
9 6,1 02
1 0 3 ,9 3 0
187
405
6 3 ,9 23
289
55,6 43
4 ,4 9 2
9 09
5
2 ,7 5 0
476
S tock.
188 5 -8 6.
1 886-87.
R eceip ts to
J u n e 10.
C harleston ..
P t .R o y a l.A o
W ilm ington .
M’ head C .,& c
N o rfo lk ..........
W .P oin t, A c.
N ew Y o r k . . .
B oston . . . . . .
B a lt im o r e . . .
4 =»2.800 P hlla d el’a ,A o
D e c. 1 4,4 32 ,1 1 1
o ta
I n c. 1 1,6T72
,8l.............
3d
The speculation in Rio coffee was active at buoyant prices
early in the week, but has wholly collapsed in the past three
or four days, during which the decline is about 2@ 2 t^c. per
lb., the market being greatly depressed to-day, closing with
sellers at 19@ 19 '65c.for the early and 19'65@19*80c. for the late
months. C o f f e e ou the spot is also lower, and the sales to-day
embraced No. 4 Rio at 21@21^c. Raw sugars are easier at
4 7-16c. for fair refining Cuba and 5 3-16c. for 96 deg. test
centrifugal, with sales to-day of 2,380 hhds. English islands,
88 deg. test, at 4%o. Molasses easier at 20%c. for 50 deg test.
Teas are steadier tor Oolongs, but old crop Japans are more
freely offered.
Kentucky tobacco during the past week has been a little
more active, with sales of some 300 hhds., of which 200 hhds.
for export. Prices are firmer, and for leaf J^c. per lb. higher.
The prospects of the growing crop are fine, but from best
sources it is asserted that not more than 75 per cent of an
average crop will be planted and higher prices are looked for.
Seed leaf has been quieter, the recent rains having grea'ly
improved the prospects for the growing crop. Sales for the
week are 1,050 cases, including 300 cases 1885 crop, New-Eng
land, private terms; 100 cases 1885 crop, New England Hav
ana seed, 10@ 15c.; 200 cas '8 1881-32-83 crops, Pennsylvania
seed, llL^@14c.; 200 cases 1885 crop, Pennsylvania Havana,
10@20c.; 150 cas s 1884-5 crop, Dutch, 9@13c., and 100 cases
1885 crop, Wis< on-iu H vana, private terms; also 850 bales
Havana, 60c.@$l 05, and 125 bales Sumatra, $1 20@$1 50.
Spirits turpentine has been in good demand but closes
quiet at 35@35}>£>;. Rosins met with a moderate inquiry and
are steady at $1 25® 130 fur common to good strained. Tar
is unchanged at $3 per bbl. Crude certificates have mani
fested but little speculative interest, but to-day closed at
63@63J^c., with rather more animation. Hops are firm at
18@23c. for good to choice. W ool has a free sale of the new
clip at full prices.
On the Metal Exchange little of interest has occurred,
To-day tin dull but steady at 22*85@23*10c. spot and 22%@
22*90c. futures. Copper quiet and a shade easier at 9 -90@
9*95c. up to 10%@ 10-60 •. Lead steady at 4*65@4%c., July
sold at 4*67%c. ¡Spelter dull at 4^@4*573^c. Ocean freights
have been aull; grain shipments are much reduced and to
day l% d. was the rate to Liverpool,
3 36
4 ,0 3 2 5 ,1 7 9 ,9 1 9
S in c e Sep.
1 , 1 S85.
6 9 4 ,4 3 0
781
1 ,7 0 1 ,1 5 2
2 4 5 ,3 8 0
50,1 12
7 8 9 ,6 6 5
16,2 52
4 9 0 ,3 5 9
14,221
1 0 1 ,5 7 7
7 ,8 1 7
5 5 2 ,2 5 7
2 7 7 ,6 3 3
5 5 ,9 3 6
1 0 8 ,1 3 7
5 5,4 03
4 6 ,7 8 2
2 2 ,7 73 5 ,2 0 7 ,9 4 9
2 ,7 ,8
1 54
12
3 ,4 6 4
1,381
401
2 ,8 3 0
2 ,9 7 4
312
1837.
1886.
6 ,9 3 2
1 4 ,9 9 4
9 6 ,2 11
775
3 ,3 5 8
7 2 ,4 7 6
1 4 ,7 9 4
2
1 1 ,1 1 4
1 ,1 3 4
10 8 i l
1,418
857
3 ,1 4 7
1 8 6 ,3 9 9
4 ,0 0 0
4 ,4 5 3
1 9 ,8 6 7
1 4 ,7 9 8
635
2 7 1 ,5 3 9
6 ,3 1 0
1 3 ,0 8 8
1 2 ,5 2 9
3 2 6 ,7 7 4
4 4 3 ,9 7 7
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
1 88 7 .
1 88 6 .
1885.
1884.
1883.
1882.
G a lvest’n,&e.
N ew O rleans.
M ob ile............
S avan n ah . . .
Charl’s t’n , &o
W ilm ’g t ’n, A o
N orfolk ..........
W. P o in t, A o.
A ll o th e rs . . .
476
1 ,058
3 39
325
3 76
6
1 70
39
1 ,2 4 4
3 08
4 ,4 9 2
9 09
2 ,7 5 0
2 ,7 7 8
166
3 ,4 6 4
1,381
6,5 2 5
162
6 05
112
1 87
72
20
895
59
2,6 4 7
718
1,561
159
5 42
208
16
1,151
211
3,8 4 3
2,8 1 8
6,4 1 1
4 35
1,8 6 7
1 ,0 8 6
75
2,471
3 75
6,0 0 5
522
2 ,4 0 7
1 ,2 1 6
1 ,6 8 0
1 ,3 1 6
219
2 ,7 1 4
206
3 ,3 7 8
T o t. th is w ’ k.
4 ,0 3 2
2 2 ,7 7 3
4 ,7 2 9
8 ,4 0 3
2 1 ,5 73
1 3 ,6 5 a
S ince S ept. 1 . 5 1 7 9 ,9 1 9 5 2 0 7 ,9 4 9 4 7 1 0 ,0 0 7 4 7 7 2 ,6 5 5 5 8 6 3 ,1 5 6 4586,171?.
G alveston. in clu d e s I n d ia n o ia ; c h a r le s t o n In clu d es P o rt R o y a l, A c.
W ilm ington in clu d e s M oreh ’d C lty ,& o .;W e st P o in t lu clu d e s C ity P o in t ,A c .
The exports for the week ending this evening reach a total
of 5,588 bales, of which 2,859 were to Great Britain, —
to France and 2,729 to the rest of the Continent. Below are
the exports for the week and since September 1 , 1886.
Export»
from —
Sal v e s to n .......
New Orleans..
M obile.............
Florida............
Savannah........
Charleston....
W ilm ington...
N orfolk...........
West Point,&o
New Y ork ......
B altim ore......
Philadelp’a, Ao
IS Week Ending June 10.
from Sept. 1,1888, to June 10,1887
Exported to—
Exported to—
Great
Conti Total Great
Conti
Total.
Brit’n. tran ce nent. Week. Britain. tran ce nent.
1,187
1,187
......
........
........
1,811
S12
........
2,704
25
......
119
8.839
TotaL...........
T otal 1885-8« 73,828
2,729
359
......
255,540 30,852
726,054 318,220
40,807
233,159 18,048
90,453 43.968
90,823 7,900
320,220
97,678 2,150
3,945 448,807 40,247
337 144 532
95,275 8,750
119
52,012
104,900 390,798
360,879 1,410,959
40,807.
243,960
143,200
10,857
3,900
8,400
219.3! 3
2,005
28,787
8,219
495,737
277,828
109,040
330,126
108,234
708,387
140,537
132.812
55,831
5,588 2.807,972 470,293 1,135,232 4,213,49®
7.108 81.287 2,317.110*397.785 1.238 553 3 983.47»
756
THE
C H R O N IC L E .
[V o u XLIV.
In addition to above exports, our telegrams to-night also give
T he Sales and P rices of F utures are
us the following amounts o f cotton on shipboard, not cleared, following comprehensive table:
At the ports named. W e add similar figures for New York,
*1
a
g
3
"which are prepared for our special use by Messrs. Carey, Yale
OHrtOO-B
•4s
Mm fjr CO ©
fi 9 a
oa.ES 5-dag- o3.&
•& Lambert, 24 Beaver Street.
î
©
Q
dQ ©Ä
9© ©
i OD© © „
®
02
©jw»7*
tí*©
®CP
S’©
®®w 0
ao
• B œ*
D
H pa ^
On Shipboard, n ot clea red —fo r
(ft ct.
W
o?
Leaving
■June 10, AT9
Great
•
e-»
b
Other O oatt•
p
S to c k .
•
P.&
.®
SES
F
rance.
fi E
Total.
p
B rita in .
F oreign toise.
•Ps
* *a
Wew O rle a n s... "
511 None.
®
1,4C0
3,156
5,067
91,144
»$
M o b ile ..............I
None.
None.
None.
None.
None.
Charleston . . . . .
S avan n ah . . . . .
G alveston........
-N o rfo lk . . . . . . .
N ew Y o r k ... . .
O th e r p o r t s ....,
None.
None.
None.
None.
1,500
1,000
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
5,250
None.
100
None.
None.
None.
None.
None.
100
None.
None.
None.
6,750
1,C00
775
1,034
8,358
5,932
3,147
179,649
28,818
Votai 1887.
3,011
None.
6,650
3,256
12,917
813,857
29,224
13,336
3,256
4,995
11,214
9,811
3,378
914
47,072
29,056
396 905
356,700
Tota) 1886
Total 1885,
S'? <3
*» *©1*3g
® ©¡»a. ?*»©© b ’?»® 3 § £ g ®
*»
B ® m»3 <{3@tog- 0*3 QODjs
g
© H- P*
frpg.s b o g s r ç a 8» ►fc Ï?
i^’ig®
M®*
tó©
w©3 ■ CO~ • 3 ¿ e ®
oo
co
ta MM ta MM
MM b»
M»f ¡5
.
.
5
<
O M ® XOtO ® coco 2 coio. 2
COCO n coto n to o ** M09 “
@.M :
I ®.»: I d « :
Iö :
M M O M r-M W M M M il M
The speculation in cotton for future delivery at this marke
lias been fairly active for the week under review, but the
’course of prices, besides being extemely variable, developed
«arly in the week much irregularity as between this and the
next crop, with a very unsettled feeling. Liverpool accounts
were much better on Saturday and Monday, but they met
response here, having in a great measure been
discounted,” and the project of short-time in Lancashire,
w ith very favorable reports from the growing crop, was a
’depressing influ°nce. On Tuesday morning a general and
'material decline took place, but a quick advance followed the
■advices which came later in the day, to the effect that the
¡short-time movement abroad was not likely to be adopted.
There was also some buying for Southern account. On
Wednesday there was free selling of July and August options
at a decline, with an equally free buying of September and
October, operators expressing the belief that the difference
o f nearly a cent a pound between August and October was
too great; and the distant monhs attracted more attention.
Yesterday a sharp decline at Liverpool and the Chronicle’s
■acreage report caused much depression. To-day there was
great speculative excitement and wide fluctuations, the effect
o f a fierce contest between the bulls and bears, in which the
former had the advantage at the close. Cotton on the spot
w as quiet and unchanged, until Wednesday, when 2,000 bales
w ere reported taken for Russia. Yesterday 8,000 bales were
■¡reported for Russia, but quotations were reduced %c. To-day
^he market was steady at 11 5-16c. for middling uplands,
with 2,000 bales more taken for Russia, making 7,000 bales in
all. Deliveries on June contracts have been quite liberal
¡throughout the week.
_ The total sales for forward delivery for the week are 700,500
vales. For immediate delivery the total sales foot up this week
*»612 bales, including 7,017 for export, 1,595 for consumption,
-----for speculation and — in transit. Of the above, — bales
were to arrive. The following are the official quotations for
«each day of the past week.
■June 4 to
J u n e 10.
87S
9*16
lO k
1011,6
m ,6
11*4
117,6
m ile
111*16
125,8
1216,8
W e d |T it.
8*8
8 78
9*16
1014
1011x8
I U 18
1111X6
111*16
12*16
121*16
F r i.
8%
9lxe
9ifi
107,8
1078
11^
l l 'i e
11*8
1178
12*8
121«
131«
91X6
9k
1071«
1078
Ilk
11716
11*8
I lk
12k
12k
13k
W ed T h .
91,6
9k
107ie
10k
ilk
117,6
11*8
1178
12k
12k
13k
F r i.
1178
1178
8%
'G o o d Ordinary......... .y l b .
■ S trict G o o d O r d i n a r y . . . . . . . . . . . .
•Low M id d lin g ............... ..............
M iddling.........................................
Th.
T it.
89X6 8»xe
8»X6
8*16 87,6 871e
OH 914 9 1 4
914
918 9 I8
108x6 10S16 1103x6 10SX6 101„ 101le
i i ’ xe l l l lfi 111x8 lU l« 1018,6 101*1 «
MARKET AND SALES.
The total sales and future deliveries each day during th*week are indicated in the following statement. For tne con
venience of the reader we also add a column which snows at a
¿glance how the market closed on same davs.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
GLOSSI»
Wed
Than
F r i.
Q )iet and steady
Q u ie t...................
Q u ie t...................
Steady.................
Steady at k d e e .
Steady.......... .
Total.
L x- Con- I Spec- Trans
p ort. sum p u l’t’n ait. Total.
....
17
....|
2,000
3.000
2.000
184
248
204
226
376
357
7,017 1,595
....
—
•. . .
>•••
—
....
....
D eliv
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I Ii
* lnoxuaes saxes in September, 1866, io r September, 42 ,900 ; Septem
ber-Ootober, for October, 287,200.; September-November, fo r November
441,700; September-December. for December, 765,100; SeptemberJanuary, for January, 1,685,900; Septem ber-Februaiy, for Fetn*uaryi
1,282,400; Sei tember-March, fo r March, 2,106,800; September-April(
fo r April, 1,628,900; September-May, for May, 2,005,900.
E # * We have included In the above table, and shall continue each
ween to give, the average price o f futures each day for each mouth. It
w ill be found under each day follow ing the abbreviation “ A ver.” The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, l l ’ 4 0 o.; Monday. l l ’3 5 o .; Tuesday,
ll* 3 5 c .; Wednesday, 11*300.; Thursday, U T O c .; Friday, ll*25o.
76,1001
78.600
700
The following exchanges have been made during the week:
11 ¿.400
700
15 p d . to ex o h . IÓ0 N o v f o r Mar,
•01 p d . to ex o h . 1,0 >0 A p r. fo r Oet»
2,226 81,400 1.700
*30
e x o h . I ,o 0 0 Sept, fo r A u g. *02 p d . to e x c h . 5 0 0 N o v . f o r j a n .
3,376 169,600
8CO 0 i pp dd .. to
to e x o h . 3 0 0 J u ly fo r A ug.
*04 p d . to e xoh . 8 0 0 J u ly fo r Aug.
2,357 182,400'
800 0 4 pd. to e x o h . 3 0 0 D eo. f o r j a n .
....1 8,612 700.500 4.700
actually delivered the day
_
„ _______ _ __
•F*7ion8 to that on whioh they are reported.
FUTUBES.
Sales.
MO
M«
^ to 01 toao 00
F r i.
F ri.
h»
¿¿O h
1178
81*16 81*16
9k
9k
10*16 10*16
10k
10k
Ilk
ilk
11*16 ll*X6
Ilk
Ilk
I lk
I lk
12
12
12k 12k
13
13
5
HHOH
1218 1218 1218
12*2 1212 1212
13*8
W ed
-a
MM
MM
M M pM
MtÒ®tÓ
O #>■ _O
I
»he ^ 1 6 9il6
9k
912
107x8 107la 107la
10k
1 0 k 10k
U k
Ilk
Ilk
117,6 117X6 117,6
11*8 11 *8 118s
81*16 81*16 9 l 16
21
, 1«
9*ie , 93jfl 9816 91«
9k
9k
912
1 0 k IlO k 10*8 10-ie 106,6 10* l6 I07,e
10Ui6 l0»,6 10316 10 ’ s 1 0 k 1 0 k lO k
111]6 |1015i 6 101616 I l k
Ilk
I lk
1174
11*4 I l k l l l k
1 1 '16 115X6 H*J6 11716
H 7i 6 ll® ie l l * i 8 11*8 I l k
I lk
11*8
l l l l i e l l ö i e 11*16 1178 I l k
H7a
Ilk
111516 l l l â 16 il3 â le i l k
12
12
1218
12*16 128,6 128ifl 1 2 k 1 2 k 1 2 k I 2 I2
121B,J i 213i6 1218,e 1 3 k 13
13
11318
S T A IN E D .
S a t. M o n T u eai W e d
G a t.
Mon
Toes
to
UPLANDS.
NEW ORLEANS.
TEXAS.
S a t . M o n T u e a S a t . M o u T u e s S a t . M o n Tuen
«Ordln’y .fllb 87b
¡Strict O rd.. 9*X6
G o o d O rd.. 10 ^
iS tr.G ’dO rd i o n i e
L ow Midd’g H 1X6
¡Str.L’ w Mid 1 1 ^
M id d lin g ... 117X6
G o o d M id.. m i l e
.¡Str.G’dM id m * x 6
•Midd’g Fair 12*,6
¡¡F a ir....___ j l2 i* ,6
O rd ln y.W*>
-Strict O rd..
G o o d O rd..
43tr. G’d Ord
Low Midd’g
G tr.L ’w M la
M iddling...
G o o d M id.,
« t r . G’d Mid
■Midd’g Fair
F air............
MOM
to® M
shown by the
I T I pd. t o e x c h . 1 00 J an . f o r A u g.
E v e n 5 0 0 O ct. f o r A p r.
T he V isible Supply of Cotton to-night, as made up by cable
and telegraph, is us follows.
The Continental stocks, as well as
Ju ne
THE CHRONICLE.
11, 1887.J
bales less than at the same period last year. The receipts at
those for Great Britain and the afloat, are this week s returns the same towns have been 4,387 bales less than the same
SdSonsequently all the European figures are brought down week last year, and since September 1 the reoeipts at all the
to iSSSdiyevening. But to make the totals the complete towns are 33,104 bales less than for the same time in 1885-86.
figures for to-night (June 10), we add the item of exports from
Q u otation s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s .—
the United States, including in it the exports of Friday only.
In the table below we give the closing quotations of middling
1 88 7 .
188 6 .
1885.
1 88 4 .
B tocb a t L iv e r p o o l............M e . 8 7 9 .0 0 0
6 4 3 .0 0 0
9 | | ,0 0 0
8 9 7 .0 0 0 cotton at Southern and other principal cotton markets for each
___________________
day of the past wees.
z v .v w
______I
S to c k a t L o n d o n ............- ...........
T o ta l G reat B rita in s to c k .
S to ck a t H a m b u r g .......................
S tock a t B rem en ..........................
S tock a t A m sterd a m ...................
S tock at R o tt e r d a m ...................
S tock at A n tw e r p ........................
S tock a t H a v r e ............................
S to ck a t M a rs e ille s .....................
S tock a t B a r c e lo n a .....................
S tock at G e n o a ............................
S to ck at Trieste.
9 0 7 .0 0 0
2 ,9 0 0
4 9 ,3 0 0
3 4 .0 0 0
T o t a l C ontin ental .t o o k ...........
200
1,100
2 3 8 .0 0 0
3 .0 0 0
4 9 .0 0 0
9 6 1 .0 0 0
5 ,4 0 0
4 9 ,4 0 0
4 6 .0 0 0
500
800
1 8 6 .0 0 0
4 .0 0 0
9 6 3 .0 0 0
4 .0 0 0
6 7 .0 00
50.0 00
9 00
2 ,9 0 0
2 4 1 .0 0 0
6.000
1 3 .0 0 0
1 4 .0 0 0
66.000
8.000
6.000
6 9 .0 0 0
12.000
3 9 9 .5 0 0
3 3 4 ,6 0 0
3 7 9 ,1 0 0
4 6 0 ,8 0 0
8.000
T ota l E u rop ea n stock s ....1 ,3 0 6 ,5 0 0
India o o tto n afloat fo r E u rop e. 3 1 3 ,0 0 0
4 3 .0 0 0
A m er. c o t t ’ n afloat fo r E u r’ p e .
4 0 .0 0 0
Evypt, Brazil,<fee. ,aflt fo r E ’r’p e
S tock in U n ited States p o r t s .. 3 2 6 ,7 7 4
36,7 33
S to c k in U . 8. in te rio r t o w n s ..
3 19
U nited States e x p o r ts to -d a y .
T ota l
6 6 0 ,0 0 0
5 ,6 0 0
4 3 .2 0 0
2 7 .0 0 0
500
1,3 0 0
1 6 1 ,0 0 0
5 ,0 0 0
66.000
12.000
8.000
9 9 4 ,6 0 0 1 ,3 3 3 ,1 0 0 1 ,4 2 3 ,8 0 0
3 2 5 ,0 0 0
2 3 7 ,0 0 0
361 ,00 0
7 7 ,0 0 0
7 0 ,0 0 0
200,000
3 ,0 0 0
15,0 00
1 4 ,0 0 0
3 8 5 ,7 5 6
4 2 4 ,7 2 7
4 4 3 ,9 7 7
4 3 ,1 9 7
4 3 ,1 9 0
1 0 7 ,2 0 6
8 ,3 0 0
2 ,0 0 0
2 7 .8 5 6
v i s i b l e su p p ly . . . . . . . 2 , 0 6 6 , 3 2 8 2 , 1 1 2 , 6 3 9 2 ,0 8 / ,3 5 3 22,339,717
O ft h e a b o v e , th e tota ls o f A m erica n an d oth er d escrip tion s are asäf o l l o w s :
A m erica n —
„ ,
. . . ___
611 ,00 0
4 8 0 .0 0 0 7 0 0 .0 0 0
L iv erp ool s t o c k . . ............. b a les 6 5 4 .0 0 0
3 0 6 ,0 0 0
2 6 0 .0 0 0
2 3 4 .0 0 0
C ontin ental s t o c k s . . . . ............... 2 5 4 ,0 0 0
7 0,0 00
7 7 ,0 0 0
200.000
A m erica n afloat fo r E u r o p e .. .
4 3 .0 0 0
4 2 4 ,7 2 7
3 8 5 ,7 5 6
4 4 3 ,9 7 7
U nited States s tock . . . . . . . . . . . 3 2 6 ,7 7 4
4 3 ,1 9 0
4 3 ,1 9 7
107 ,20 6
U n ited States in terior s to o k s ..
3 b , .3 5
2,000
8 ,3 0 0
2 7 ,8 5 6
U n ited S tates e x p o r ts t o -d a y . .
3 1 » __________
T o ta l A m e rica n ..................... 1 ,3 1 4 .8 2 8 1 ,4 9 3 ,0 3 9 1 ,4 7 4 ,2 5 3 1 ,4 5 6 ,9 1 7
E ast I n d ia n , B ra zil, &c —
288 ,00 0
2 3 3 .0 0 0
1 6 3 .0 0 0
L iv e r p o o l s to c k ............................ 2 2 5 .0 0 0
64.000
2 8 .0 0 0
1 7.0 00
L o n d o n s t o c k ................................
2 8,0 00
1 54 ,80 0
112,100
1
00
,60
0
C ontin ental s to c k s ....................... ¿4 5 ,5 0 0
3 61 ,00 0
2 3 7 .0 0 0
3 25 .00 0
In d ia afloat fo r E u r o p e ............. 3 1 3 .0 0 0
15.000
3 ,0 0 0
14.000
E g y p t, B razil, &o., a f l o a t . . . . . .
4 0 ,0 0 0
S S S * ::::::::J S Ä S
»
T otal visible su p p ly . . . . . . . 2 , 0 t 6 , 328 2,1 1 2,63 9 2 ,0 8 7,35 3 2,3 3 9.71 7
P rice Mid. U p l., L iv e r p o o l. . . .
6d.
M ed.
5% d.
6 jed
P rice M id. U pl.. N ew Y o r k . . . .
ll® ie o .
9 3is010°so.
The imports into Continental ports this week have been
The above figures indicate a decrease in the cotton in sight
tonight of 46,311 bales as compared with the same date of
1886, a decrease o f 21,025 bales as compared with the corres
ponding date of 1885 and a decrease of 273,389 bales as
compared with 1884.
A r t h e I n t e r io r T o w n s the m ovem ent— that is the receipts
for the week and since Sept. 1 , the shipments for the week, and
the stocks to n ig h t , and the sam e item s for the corresponding
period of 1885-86—is set out in detail in the follow in g statem ent.
O
ct
■
O
rt
-
fj
^
hh ""*
p a r.
®
•a-® st *f l 8 9• r5* I I s ?
sa
S a tur.
M on .
Tues.
lO U ie
10*8
10*8
10%
i o *4
11
IO U j «
10*4
10*8
1 0 78
105,
1 1%
11»18
11%
1 1»«
11*8
11
11
10*8
11
11*8
1 1%
1 1»«
11*8
11
11
1 0 78
11
n ie
1 0 U l8
10%
10%
1 0 78
10%
1118
11*1«
1 1%
1 1%
11*8
11
11
1 0 7a
11
11%
G a lv e s to n . . .
N ew O rleans,
M o b ile ........ .
Savannah. . .
C h a rle sto n . .
W ilm in g to n ..
N o r fo lk ......
B o s t o n .......
B a lt im o r e ....
P h iladelph ia.
A u g u sta ........
Memphis . . . .
Sfc->i_ouls........
C in cin n a ti. . .
L ou isville
F ri.
TFednes. | Thurs.
1 0 U 16
10%
10%
1 0 7e
1 0%
1 1%
11*16
11%
1 1%
11*8
11
11
1 0 78
11
11%
lO U ie
10%
10%
1 0 78
10%
1 1%
11*16
11%
11%
11*8
11
11
1 0 78
11
11%
l O U i«
10%
1 0%
10%
1 0%
1 1%
11*16
1 1%
11%
1 1%
11
11
1 0 78
11
1 1%
R eceipts f r o m t h e P l a n t a t io n s . — T he fo llo w in g table
indicates the actual m ovem en t each week fro m the plan
tations.
T he figures do not include overland reoeipts nor
Southern consum ption; th ey are sim p ly a statem ent o f the
w eekly m ovem en t fro m the plantations o f that part o f the crop
which finally reaches the m ark et through the outports.
Week
Bn&int—
May
••
»
“
8 .........
18........
80........
87........
“
10........
Receipts at the Ports. St’k at Interior Towns. Rec’pts from Plant'ns
1885.
8,633
9,418
7,489
6,964
3,917
4,789
1886.
1887.
1885.
1886.
1887.
39,150 13,077 81,988 881,187 86,506
84.754 18,666 70,945 800,056 72,510
89,447 10,686 64,835 174,496 64,868
88,790 9,765 57,807 156,693 58,588
19,837 7,599 51,941 139,841 53,833
28,773 4,038 47,701 118,907 51,659
1886.
1886.
2,238 18,164
18,683
760 3,887
486 4,986
2,986
489 1,839
1887.
8,602
2,984
8,485
2,844
1,858
The above statement shows—1. That the total receipts from
Che plantations since September 1, 1886, are 5,188,518 bales;
in 1885-86 were 5,811,006 bales; in 1884-85 were 4,740,493 bales.
2. That, although the receipts at the outports the past week
were 4,032 bales, the actual movement from plantations was
only 1,858 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 1,889 bales and for 1885 they were
489 bales.
A m o u n t o f C o tton in S ig h t J u n e 10.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to June 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1 88 6 -8 7.
1 88 5 -8 6.
1 88 4 -8 5.
1 88 3 -8 4.
R eoeipts a t th e p o r ts t o J u n e 10 5 ,1 7 9 ,9 1 9 5 ,2 0 7 ,9 4 9 4 ,7 1 0 ,0 0 7 4 ,7 7 2 ,6 5 5
In te rio r sto o k s on J a n e 10 in
3 ,5 9 9
3 0 ,4 8 6
1 ,1 9 9
1 03 ,05 7
e x c e s s o f S e p te m b e r 1 .
o N S .O ® 5p ®
2 A
CLOSING QUOTATIONS FOR MIDDLING OOTTON ON—
Week en d in g
J u n e 10.
Tot. reoeipts from planta’tns 5,1 8 ^ ,51 8 5 ,3 1 1 ,0 0 6 4 ,7 4 0 ,4 9 3 4 ,7 7 3 ,8 5 4
7 7 1 ,7 9 2
5 9 6 ,33 1
5 6 2 ,1 0 0
8 07 ,05 1
Net overland to Jane 1 ......... .
Southern oonsum pt’n to June 1 3 5 6 ,0 0 0 2 9 0 ,0 0 0 2 5 2 ,0 0 0 2 8 0 ,0 0 0
? r &K S p g lg | i € i
1 li P' i i ; If
I g?| t ; ! •
fcOOD
CD I VCOHOOCOOJMOHtC. 000(0»-
Total In sight June 1 0 ........... 6 ,3 1 1 ,3 1 0 6 ,4 0 8,05 7 5 ,5 8 8 ,8 2 4 5 ,6 1 5 ,9 5 4
Ig
8?
M
M
05
M
WM(OC*OMi^WOO© M|*C*O5©0-^1|* 11 gl
c*5to (0(005 OOjf-OOtf*5©00 COO (0M 05 (0CO MS'
IV©CO 0*05(0MCOCOtoCOMVtO00G O 00
COODCOO»©CDMC*MaoO«COtOli*M05CO©aO 00«
M05I^C*bO©<lGOCö©(0^^(0(OCO^<lCO
corf*»
June 10......
1 ,5 2 4 ,3 0 6 1 ,6 8 0 ,5 8 4 1 ,2 9 7,14 3 1 ,4 7 3 ,3 8 7
I t w ill b e seen b y th e a b o v e th a t th e d e cre a se in a m o u n t In sig h t
to-n igh t, as co m p a re d w ith la st y e a r, is ' 6 ,7 1 7 b ales, th e in cr e a s e
as co m p a re d w ith 1 884-85 is 7 2 2 ,4 8 6 b a les a n d th e ln o re a se o v e r
1 8 8 3 -8 4 is 6 9 5 ,3 5 6 bales.
W eather R eports by Telegraph .—There has been a con
tinuation of favorable conditions at the South during the
week, and the crop is making excellent progress.
Halveston, Texas.—It has rained on two days of the week,
8
the rainfall reaching twenty-four hundredths of an inch«
a «o
m
w • CJ»<I 10 M m
00 COM M
o-'U oooooo»-4 (o^i ;
Average thermometer 80, highest 86, lowest 68.
Ü«COCWCO<l»^OOUlOl(Oi 00O COM-4 (0(0
OC»*4Q0QDOO
Palestine, Texas.—There has been heavy rain on three days
of the week, the rainfall reaching one inch and forty-four
coco
Si
00 0 5 '
COi^MOOMMCO
O M 05 COM*
hundredths. Corn crop is assured and the best for four years.
qdwmi* k>; oo 4, co'
a» COV» WCO <1
O
(O
Cotton is doing well, but at some points is badly in the grass.
© I* 0- » 0 5 ( 0 0 *
oh^ mooo
i O M iP - (0 0 9 V» 1 ^ 0 0 5 0 0 1 ^
A few days of dry weather will give planters a prospect of the
best yield for five years. The thermometer has averaged
76, the highest being 90 and the lowest 61.
omp- to eo
h *
t o o m to m m
»S '
H S O iO e
M U S IK
O S O 5 M Q 0 M -0 ®
Huntsville, Texas,—Prospects are good. Rain has fallen
oo^iM«<tf>-oo-4to-ia. oo-iaooifk(ooco
on five days of the week to the depth of one inch and fortyMl®.
M
M
Öl M
M
nine hundredths. The thermometer has averaged 81, ranging
O» -35 69 05 05 I-- #»■ W to
to 60 60 »0 tO O ' 00 09
m p) w « j © ® s* m p © ao
«o <j © eo o> a®to
from 67 to 95
© b > C J i t o i » M w ' i - ‘ t OOOMWM
H #9- 05 to to |U (O
Dallas, Texas.—It has rained on two days of the week, the
iP-tox a iA * -t o a o 3 j‘ - i ' i i - i - ‘ oii.coo5-J
m <i w to a, os to
o w to o c e < o x < io o w a o c w < l(» c o o c c
tOOJCOh-tOOOO
rainfall reaching one inch and ten hundredths. First new
wheat has been marketed. It weighs sixty-one pounds to the
S m S;
bushel and the crop averages fifteen bushels per acre. C olton
OHOCCM TO
tool« H toa tS H H H O
progresses favorably. The thermometer has ranged from 64
» K C O O - l ® I®.-: t o -]-3 t o o m h o » » 8 »
i® -a < )o i-y © 0 5 -jo i, ^ oi o o i-rfk a -a
g
to 95, averaging 81.
Austin, Texas.—Crop prospects are bright. It has rained
I
s
69 MtOtOM*
W;
to to to m m m to
on three days of the week, the rainfall reacning seventy-seven
«9
0 0 t o 6 9 6 0 O M # M # j ; Ifk toM i© 5se*V | 'i>
w w to W m !
hundredths of an inch. Average thermometer 82, highest 94
a t S 9 - ( o a o t H /> u | a .o s o i»
03m a>
t o e /k o c u ;
oo/.O W K .nkaoH f-a. 9. iKOtetOMtoao
ifkoo to «stoatand lowest 71.
Luling, Texas.—Crops promise a good yi-ld. R in has
* T h e figures fo r L ou isville in b oth y e a rs a re “ n et.”
t This yea r’ s figures estim a ted .
fallen on three days of the week, the rainfall reaching two
The above totals show that the old interior stocks have inches and thirty-three hundredths. The thermometer has
decreased during the week 1,587 bales and are to-night 70,471 averaged 83, the highest being 94 and the io west 73.
tOCJ'O^OOi^
f—o Kz oo O *-
II
758
TH E
(JHK0N1CLE.
JV c l .
XL1\.
Columbia> Texas.—There has been one very beneficial
Albany, Georgia.—Crops continue fine. There has been
shower during the week, the rainfall reaching thirty-two rain on three days o f the week, to the depth of forty tw o
hundredths of an inch. The thermometer has averaged 80 hundredths of an inch. The thermometer has averaged 80
ranging from 70 to 90.
the highest being 95 and the lowest 66.
*
Cuero, Texas.—Prospects are excellent. It has rained on
Charleston, South Carolina.—W e have had rain on four
two days of the week, the rainfall reaching eighty-two hun day s of the week, the rainfall reaching one inch and twentvdredths of an inch. The thermometer has ranged from 72 to
ing6fro ^iTt^ 93S"
thermometer has averaged 79, rang95, averaging 83.
Brenham, Texas.—Crop prospects are magnificent. Run
Stateburg, South Carolina.—Rain fell on Thursday to the
has fallen on four days o f the week, to the depth of sixty depth of fifty-one hundredths of an inch, but the remainder
hundredths of, an inch. Average thermometer 82, highest 92 or the week has been clear, warm and very favorable, The
and lowest 69.
thermometer has ranged from 61 to 90, averaging 771.
Belton, Texas.—;W e have had fine rains on five days of the
Wilson, North Carolina.—It has rained on one day of the
week, the rainfall reaching eighty-eight hondredths of an week, the rainfall reaching eighty-seven hundredths of an
inch. A good corn crop is assured. Cotton is later than usual,
Average thermometer 80, highest 94 and lowest 65.
but a good stand has been obtained and the plant is in excel
ib e following statement we have also received by telegraph
lent condition. The thermometor has averaged 81, the high showing the height of the rivers at the points named at 3 o’clock
est being 94 and the lowest 68.
June 9, 1887, and June 10, 1886.
Weatherford, Texas.—It has rained on four days of the week
J u n e 9 , ’87. J u n e 10, ’86the rainfall reaching two inches and thirty-two hundredths.
Cotton and corn are doing well, being greatly benefited by
Feet. Inch . Feet. Inch .
the rain. The thermometer has averaged 77, ranging from 58 N ew O rleans . . . . . . . . . A b o v e lo w -w a te r m a rk .
7
5
14
2
M em phis---------- --------- A b o v e lo w -w a te r m a rk .
12
to 97.
8
17
4
N a sh v ille .. . . . . . . . . . . . A b o v e lo w -w a te r m a rk .
9
5
9
2
N ew Orleans, L o u isia n a —It has rained on two days of the
r o v e p o r t ............ . . .A b o v e lo w -w a te r m a rk .
14
9
2
4
week, the rainfall reaching sixty-four hundredths of an inch. V ic k -b u rg ----------- . . . . A b o v e lo w -w a te r m ark.
13
35
2
The thermometer has averaged 81.
inpia Cotton movkmjcnt f « om u a t 'o t u 's .- m « receip t
Shreveport, Louisiana.—Rainfall for the week one inch and and shipments of cotton at Bombay have been as follows for
ninety-one hundredths. Average thermometer 77, highest 96, the week and year, bringing the figures down to June 9.
lowest 66.
_______ BOMBAT BBOBIPTS AND SHIPMENTS BOB FOtJB PEAKS.
~Colnm bus, M ississippi.—The crop is doing finely, the first
1Shipm ents this w eek.
S hipm ents S ince Ja n . 1.
cotton bloom being reported on Monday. There have been
R eceip ts.
showers locally on five days of the week, the rainfall reaching Year. G reat C onti
Great I C ontiThis
Total.
Total.
j
B
rit'n
.
nent.
Y ear.
B r i i a i n | n en t.
one inch and six hundredths. The thermometer has averaged
W eek.
77, the highest being 90 and the lowest 62.
1 8 3 7 (1 8,00 0 2 1 ,0 0 0 3 9 ,0 0 0 3 1 3 .0 0 0 530.0OC
9 0 3 .0 0 0 4 7 .0 0 0 1 ,3 2 0 ,0 0 0
Leland, M ississippi.—It has rained on four days of the 1886 21,0 00 4 7 ,0 0 0 6 8,0 001269,000 •*>63,000 8 3 2 .0 0 0 43.000) 1 ,2 2 2 ,0 0 0
week, the rainfall reaching one inch and fifty-two hundredths. 1885 9 .0 0 0 36,0.00,45,000 1 8 8 ,0 0 0 4 3 2 .0 0 0 6 2 0 .0 0 0 4 0 .0 0 0 9 0 4 ,0 0 0
1884!26.000110.000 3 6,0001430,000 5 5 2 .0 0 0
9 3 2 ,0 0 0 60.000] 1 .4 2 4 ,0 0 0
The thermometer has averaged 77, ranging from 64 to 89.
Greenville, M ississippi.—Crop pro-pects are good. The
tu uuo lujoguiug, xaumoay appears to snow an
thermometer has ranged from 65 to 93, and the rainfall increase compared with last year in the week’s receipts of
reached one inch and fifty-eight hundredths.
4,u00 bales, and a decrease in shipments of 29,000 bales, and
Meridian, Mississippi.—Telegram not received.
the shipments since Jan. 1 shew an increase of 71,000 bales.
Clarksdale, M ississippi.—Telegram not received.'
The movement at Calcutta, Madras and other India ports for
Vicksburg, M ississippi.—It has been showery on one day the last reported week and since the 1st of January, for two
of the wieek, the rainlall reaching forty hundredths of an 'ears, has been as follows. “ Other ports” cover Ceylon,
inch. The thermometer has averaged 81, ranging from 65 to 96. Tuticorin. Kurrachee and Cooonada.
“ Gloster, M ississippi —There has been rain on two days of
Shipm ents f o r the w eek.
the week, the rainfall reaching one inch and sixty-one hun
S hipm ents sin ce J a n u a r y 1.
dredths. The thermometer has ranged from 68 to 98, aver
Great I OonliG reat
Total.
aging 86.
Total.
B rita in .l nent.
B rita in . C ontinent.
1
Helena, Arkansas.—There have been light showers on six
C alcu tta—
days of the week, the rainfall reaching forty-five hundredths
1 x 8 7 .........
P ,«0 0
6 ,0 0 0
8 6 ,0 0 0
1 0 1 ,0 0 0
187 ,00 0
of an inch. W e are having too much rain, although at a few
1 8 8 6 ........
1 ,0 0 0
1 ,0 0 0
2 ,0 0 0
4 5 ,0 0 0
2 6 ,0 0 0
7 1 ,0 0 0
points there are still complaints of drought. Crops generally M adras —
1 * 8 7 .........
4 ,0 0 0
2 ,0 0 0
6 ,0 0 0
reported good, but somewhat grassy. Labor is doing well.
1 8 8 6 .........
3 ,0 0 0
3 ,0 0 0
The thermometer has averaged 78, the highest being 90 and All o th e rs —
the lowest 66.
1 8 8 7 .____
4 ,0 0 0
4 ,0 0 0
1 9 ,0 0 0
lP .O no
3 4,0 00
1 8 8 6 .........
2 3 ,0 0 0
13,0 00
Memphis, Tennessee.—It has been showery on four days of
3 6 ,0 0 0
the week, the rainfall reaching twenty-two hundredths of an T otal all—
inch. Rains have been unequally distributed ; in some sections
1887.....
10,0 00
10,0 00
1 0 1 ,0 0 0
1 1 8 ,0 0 0
2 2 7 ,0 0 0
1 8 8 6 .......
1 ,000
1,000
2 ,0 0 0
there has been too much and in others not enough. First
7 1 ,0 00
3 9 ,0 0 0
1 1 0 ,0 0 0
bloom received this (Friday) afternoon from Sharkey County,
u
iio
n
c
o
A
n
u
u
v*
biu
ik
txie
movement
irem
Mississippi. The thermometer has averaged 78, ranging from
the Ports other than Bombay is 8,000 bales more than the same
66 to 92-5
6 6
week last year. For the whole of India, therefore, the total
Nashville, Tennessee.—Telegram not received.
Mòbile, Alabama.—It has been showery on two day of the shipments since January 1 , 1887, and for the corresponding
week, the rainfall reaching seventeen hundredths of an inch. periods of the two previous years, are as follows:
BXPOBTS TO BUBOPB PROM ALL INDIA.
The crop is developing promisingly. Averaging thermometer
77, highest 91 and lowest 64.
188 7 .
1886.
1885.
S hipm ents
Montgomery, Alabama.—Crops are splendid. The cotton
to a ll E u ro p e
This
Since
This
Since
This
Since
outlook was ht ver better. It has rained on one day of the
fr o m —
w eek.
Ja n . 1.
w eek .
Ja n . 1.
w eek.
Ja n . 1.
week, the rainfall reaching one inch and teventy-two hun
dredths. The thermometer has averaged 81, the highest beine
3 9.000
9 0 3 .0 0 0 68,000 8 3 2 .0 0 0 4 5 ,0 0 0
6 20 ,00 0
A ll o th e r p o r ts . 10.0 00
2 27 .00 0
2,000 1 1 0 .0 0 0
95 and the the lowest 69.
1,1
1,000
1 1 0 ,4 0 0
Selma, A la ba m a —W e have had rain on two days of the
4 9 ,0 0 o il,1 3 6 ,0 0 0 7 0 ,0 0 0
9 4 2 ,0 0 0 46.000) 7 3 0 ,4 0 0
week, the rain! all reaching ten hundredths of an inch. The
Artis omrjuixms,— xnrougn arrange
thermometer has averaged 79, ranging from 68 to 88.
Auburn, Alabama.—>Crops are fine. There have been ments we have made with Messrs. Davies, Benachi & Co., of
showers on two days of the week, the rainfall reaching twenty- Liverpool and Alexandria, we now receive a weekly cable of
three hundredths of an inch. The thermometer has ranged he movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
from 67 to 92, averaging 79'7.
Madison, Florida.—It has rained on one day of the week, Corresponding week o f the previous two years,
the rainfall reaching eighty-one hundiedths of an inch. Crop
A lex a n d ria , E gyp t,
condition good. Average i hermometer 77, highest 91, lowest 64.
188 6 -8 7.
1885-86.
J u n e 8.
1 884-85.
Macon, Georgia.—Crop accounts are generally favorable!
R eceip ts (cantars*)—
It has rained on one day of the week.
T h is w e e k ___
1 ,0 0 0
1 ,0 0 0
Còlumbus, Geòrgia.—There has been no rain all the week.
S in ce Sept. 1
2 ,8 5 9 ,0 0 0
2 ,8 5 *,000
3 ,5 9 5 ,0 0 0
The theimomèter has averaged 85, the highest being 95 and
This 1 Since
This I Since I This 1 Since
the lowest 75.
w eek. 1S ep t: 1. w eek, j Sept. 1. 1 w eek. Sept: 1.
Sdvannah, Georgia.—W e have had rain on two days and
the remainder of the week has been pleasant and warm. The E xp orts (b ales)—
T o L iv e r p o o l............... 1 ,0 0 0 2 5 2 ,0 0 0
2 ,0 0 0 ¡2 2 7 ,0 0 0
1,0 0 0Ì2 9 8,00 0
rainfall reached forty-two hundredths of an inch. The ther
T o C on tin en t............... 1,000| 149,000
2,00 0jl68 ,0 0 0 | 4 ,0 0 0 ,1 9 3 ,0 0 0
mometer has averaged 79, ranging from 68 to 97.
T o ta l E u ro p e .......... 2 ,OO0 I4 OI ,0 6 0
Augusta, Georgia.—The weather has been warm and dry
4,0001395,OOo| 5 ,0 0 0 4 9 1 ,0 0 0
A oautar Is 98 lbs.
during the week wii h light rain on one day to the extent of
twelve hundred<hs of an inch. There are some complain’ s
This statement shows that the receipts for the week ending
of absence of rain, but generally accounts are good and the June 8 were ----- cantars, and the shipments to all Europe
crop is developing finely.
The thermometer has ran ¿red 2,000 bales.
- T ■“
f
from 66 to 99, averaging 82.
M
anchester Market.—Our report received by cable to-night
Atlanta, Georg a.—The weather has been very hot and from Manchester states that the market is steady for both
good for growth. R un has fallen on one day of the week to yarns
and that production is being curtailed
the depth of ninety-one hundredths of an inch. Average slowly.andWshirtings,
e give the prices for to-day below, and leave
thermometer 78 4, highest 90 and lowest 65.
those for previous weeks of this and last year for comparison
188 6 .
1887.
32s Oop.
Twist.
d.
(L s.
M av 6
5
“ I 3 l7 6 m -7 1 5D 5
« 2 oi7 Bih—'7 i»ig 5
“ 27 .® i6 -7 ,6 ‘ . P
“
10|7B16—7 i 5ts l5
Oott'n
M id. 3 2 s Oop.
Twist.
TJplds
8 V» lbs.
S hirtings.
d.
s. d.
9 « 6 101«
9 0 6 101«
8 « 6 10
8 0 6 10
d.
5 n ie
5\
513.6
513.6
5 78
8 i « o 6 1 U*S 6
d.
8^4 lbs.
S hirtings.
B.
«6
«6
**6
«6
«6
d.
ifl ®7Ö8
lia O7*1«'
5
5
‘ Ifl ®7°8 *
)7ig ®7®8 6
®6
W e a t h e r R e c o r d f o r M a y . — Below we give the rainfall
I an(j thermometer record for the month of May and previous
f f d s I months of this year and the two preceding years. The
figures are from the records of the Signal Service Bureau,
d.
except at points where they have no station, and at those
5 »i 8
pointg they are from records kept by our own agents._________
5*6
5*8
5*8
May.
A p rii.
February.
5*8
Ihermometer
1885.
5*8
1887.' ISSO. 1885. 1887. 1886.11885* 887.] 1880. ]188C
Cott’n
COM PARATIVE P O R T RECEIPTS AND D A I L Y C R O P M OVEM ENT
VIRGINIA.
—A comparison of the port movement by weeks is not accurate Nu {ghest...
__ tuA
iu different years do not end on the same day o f
Lowest...
^ e month w X . e c n ^ u e n t l y added to our oth»r «tandin*
tables a daily and monthly statement, that the reader may wnihinatonSnstantly have before him the data for seeing the exact relative nighek..
movement for the years named. The movement since Average...
S e p t e m b e r 1, 1886, and in previous years, has been as follows.
| H ig h e st
M on thly |
R eceipts.
1886.
T ea r B eg in n in g Septem ber 1.
1883.
1884
1885.
T o t a l........5,172,41515,172,345
P e r c ’ tage o f tot. p ort
receip ts M ay 31 - J
95-84
97*99
84-5 87-0 81’
Sl-5 3S-1 84
53-0 50T 57
70-5 69-5
10-0
20-0
45-0 451
81-9 73-1 71-2
27*7 28"8 20-2
52-1 52-5 49-3
85-7 80-7 81
32-9 39-4 37
50-0 G2-1 01
74-0 68-0 62-0
22-0 7-0 10-0
40-: 88-2 34-2
77-0 70-0 70-0
29-0 25-1 10*0
44-8 48-2 41-2
83-0 80-0 87
33-0 41-0 84
55-1 59-3 57
58-0 48*0 48-0
70-0 08-9 05*3
65-
65-2
5-9 12-0
40-1 38-
79
0 7 70-0 69-0
20-8 24-4 24-0
45*8
47-7 48-5
5
89-3 80-0 84
Svs-1 32-5 88
59-4 59-7 59
......I 92-0 87-0
45-0- 45-2
08-3 074
72-0 66- 02-0
7-0 100
260
50-5 40-8 39-
820 04-0
80-0
0
200 20-0 2 4 0
44-0
48-8 61-3
8
8 8 0 92 0 84
30-0 30 0 35
00-2 04-1 09
92-0 880
49-0 400
72- 70-4
3
65*0 68-0 690
9 0 19-0
20-0
44-7 40-2 40-
70-0 80-0 70-0
20-0 30-0 22-0
44*5
4T0 52-0
3
T4-0 88’0
27-01 39-0
50-5 5S-0
81-0 04:0 89-0
54-0 Ö0-0 51-0
0o"5 73- 71*8
7
H ig h e s t ... 60-4 72-3 67-2
L o w e s t .... 88-0 18-3
47-5 47"5
A v e r a g e ... 56
80-0 75-9 7l:P
3S-« 80-5 33-5
54‘8 53-9 52-2
85-3 81*4 83
33-4 39-4 4H
02-0 024 03
88-8 04-0 90-2
55-1 49-9 54-0
72-8 72-
01-1
29*1
44-1
81-4 80-0 7C
49*1 42-0 4(
02-5 05-0 51
92-0
43-0
07-0
75-1
530
07-5
75*0 77-0 07-0
29-0 28*0 V0-O
51-9 53-1 48-8
87-0 80*0 8f
20*5 35-0 301-41 62*7 OS
80-t
04-0 83-0
77-0 80-0 71-0
30-0 28-0 28-0
55*5 5 5 8 49-0
89-0 84 0 8Í
30-0 35-0 8
04-0 05-8 G
89 l 930 90-0
55"0 4 0 0 4.-0
744 7 3« 73-
71-0
00-5 70*0 8
30-5 50-0 3
02-3 00 0 0
88-0
15-0
41-0
•75-0 70-0
82-0
0
29-0 27-0 280
5 3 8 51-0 52-0
73-9
1442-7
82*7 82*0 75-8
26-4
28-9 25-0
7
53-2 54-2 49-5
92-0 83-0 9
20-2 33*0 3
03-4 03-1 0
9 3 9 97-0 91-9
45-9 47-0 47-0
70-0
73-7 72-
09-0
39-5
8-0
75-3 73-0 69-5
25-2 37-0 20-4
50-7 50-1 47-0
88-1 83-0 8
30-8 33-0 3
02-7 00-5 0
91-0 83-0
44-0 40-0
09-2 60-1
71-0
28-5
49-0
81-2 77-0 77-0
32-5 33-0 33-8
50-5 57-2 54-3
89-0 83-4 8
35-5 40-0 4
03-7 04-7 0
67-0
1542-0
72-0 71-0 71-0
20-0
29-0 28-0
0
52*8 52-0 47-0
83-0 80-0 8
45-0 35 0 4
00-0 04 0 0
88-0 65-0 80-0
05-0
14-0
78-0 78-0 71-0
2 8 0 20-0 20-0
54-0 53'fi 40-3
88-0 80-0 8
82-0 31-0 S
04-0 02-8
94-0 95-0 90-0
50-0 43-0 44-0
74-3 71-4Í 09-9
85-0 84-0
32-0 83-0
02-0 62-0
91- eo-o 85-0
0
54-0 40-0 45-0
73- 09-0 00-0
0
8 2 0 80-0 70-0
33-0 80-0 20-0
57-1 54-6 51-4
91-0 80-0
38-0 36-0 ‘J
00'0 64-1
02-0
80-0 83-6 78-9
85-7 87'C 37-8
5<J'C
59*( 57-0
5
88-7 83-0
87-H 44-0
07-0 00-5
91-8 91-8 89-4
5 5 3 55-9 65-5
730 75-8 73-
88-9 20-5
65"8 54-
70-f
40'£
61-i
0
70-i
35-t
59-1
75-9
30-4
58-7
82-2 81 "2
4V0 41-4
07-8 65-8
80-7 80-8 8H-8
57 0 59-2 59-8
74-9 74-0 75-1
81-0 78-0
35-0 230
53-9 52-0
8Ó-C 84-(
33-C 20-(
55'i 5b-'
79-0
330
58-7
84-0 900
30-0 370
62-2 63-3
84-0 90-0 91-0
520 50-0 50-0
84'7 78“
44-1 31-3
07-9 5
5
82-r 8039428
62-3 02-
88-3
43-5
61-9
89-E 80-0
44:1 44:2
09*E 06-1
90-7 93-1 93-0
54*3 57-0 01-2
73-9 74-4 73-9
82"0 <8"0
40-0 18"0
03-0] 490
. 79-0 72’ 0 7Ö-C 87:1) 83-0 83501 88-0 90-0 8S-0
. 88-0 S3- U 42-C 44*(J 38-0 45‘ 0. 00-0 60-0 03-0
.U 60- 0, 62- 0 00-C [1 00- 31 67-2 68-0l 70-1 73-01 75-5
78- 73-0
34-0 14-4
59-3 47-2
1
5
4
79-0 77-2 75* )
32-4 29’0 20' 2
57: 0 55' 7 51-
H ig h e s t ... 80-5 70-7
38-0 19-5
02-5 49-7
7
6
3
70:8 75 0 78' 3 85- 8 84-0 80-1
80 2 34 0 20- 0 41; 0 37:0 39"9
58 9! 50-71 53- 5| 00- 2 03-9 00*2
77-0
270
57"5
0
0
0
78 0 75-0 71- o!
28 0 20 0 25" 0
50 6 53 8 51- 1
88- 0 81:0 82-0
33- 0 32-0 80*0
04-4 01-8 05-0
88-0 83-0
44-0 4770-3 70-1
0
79 0 75 0 72-0
31 0 33 0 28-0
57 0 50 o go-0
80 0 83-0 82-0
37 0 55 0 38-0
04 3 68-0
91-0 83-0
59-01 51-0 4873-5 73-0 08-0
0
85 0 82-0
39 0 32-0
04-01 02‘4 03-3
83-0
47 0
74-0 70-2 03-0
86-8 85-5 83-2
48'5 41-0 51*8
67-9 05*0 70-5
90-9 90-7 87-0
02-1 57-4 00-5
75"2 72-0 739
78-2 77-2 77-6
34-5 19-81 14-0
50'3! 48‘8 45-0
83-8 83-0 81-51 96-2 88-3 93-4
34-0 29-4 31-0 38 9 87-0 48'7
01-0 54-1 54-4
07*0 0T5 68-U
101-2 92-0
53-9 52-3
75-9 71-a
80-8 73-0 73-2
40-0 20-8¡ 24-9
01-0 54-1j 524
81-5 77'0 78-0
3i"6 350 30-2
04-9 00-2 59-4
88'3| 83"C 80-4
45-9 49*5 49-8
09-1 07-8 j 71-8
89-2 90-8
59;3 50-2
74-4 74-5 74-7
72-0 68-0 .. ..
88-0 28-0 .. ..
59’0 52-51 . . ..
75-0 75'C I 73-0
49-0 40-0 32-0
8ii"0! 79-0 81-0 eo-o 93-0 80-0
59 0' 50'0 02-0 58-0 02-0 600
7l"G 70'5| 72"7 J 70"5 ' 80-3
H ig h e s t ..
L o w e s t ...
A v e ra g e ..
1881.
429,777
853 ,19 5
9 74 ,04 3
9 9 6 ,8 0 7
4 8 7 ,72 7
2 91 ,99 2
2 5 7 ,09 9
1 47,595
1 13,573
4 ,7 0 1,86 4 4,7 5 2,79 1 5 ,8 1 5,71 2 1,551,808
98*44
75-8 70-8 08-9
25-1 21-0 20-0
44-1 40-3 40'S
Charlotte—
188 2 .
96*61
96*43
Wilson—
70-8
25“
485
H igh est...
L ow est.-..
A v era ge..
Morganton —
H ig h e s t ..
L o w e s t ...
A v e ra g e ..
S. C A R O L ’ A
Charleston.—
Paeolet—
L ow est,...
A v e ra g e ...
81-0 14-0 10-0
41-4
54-1 44'
C o t t o n A c r e a g e R e p o r t . — In our editorial columns will be Aiken—
H ig h e st.... 75- 6 9 0
found to-day our annual cotton acreage report, with an account
L o w e s t.... 800 190
A v e r a g e ... 56-0 45*8,
at length of the condition of the plant in each section of the Columbia—
H
ig h e s t.... 75-0 09South, together with our rainfall and thermometer record.
L o w e s t .... 2 9 0 10- 0
A v e r a g e .. 53-9 89-0
N e w Y o r k C o t t o n E x c h a n g e — A n n u a l E l e c t i o n . —The OEORGIA
G E O R G IA .
annual election of officers and managers of the New York A ugusta.- '
76-9 71-8
•Cotton Exchange was held on Monday, June 6 , The follow-1 L ow est... 80-6 13-0
Average.. 54-9 44-7
Atlanta.— \
ing were the successful candidates:
H ig h e st... 7 3 8 05-3
President—Charles D. Miller. Vice-President, J. H. Parker
L ow est.... 28-9 8-4
42-0
A verage... 59
Treasurer—Walter T. Miller. Managers—T. M. Foote, M. H Savannah.—
Lehman, C. W. Ide, S. T. Hubbard, Jr., T. Scott, W. F. Sorey»
H ighest.. I 79-7 70-8
19-0
¡1
4
-8
L o w e st....
J. O. Bloss, Wm. V. King, J. H. Hollis, R. P. Slater, T. P58-7 50-0
Ealli, G. A. Chapman, Wm. Mohr, B. S. Clark and Harry Columbus.'"
00-0
Allen. Trustee of Gratuity Fund—Emauuel Lehman. InHighest, 69-0
48-0 12-0
spectors of Election—J. B. Guest and A. G. Munn, Jr.
j A verage... 56-0 48*5
A g r i c u l t u r a l D e p a r t m e n t ’ s R e p o r t o n A c r e a g e .— The "ffgiSrt.”
78-0 70*0
81-0 13-0
Agricultural Department at Washington issued on the 10th Average.! 56- 44*5
inst. its report on cotton condition and acreage. The follow-1
73-0 00-0
80- 11-0
ing is what it says on the subject of acreage:
A verage.!. 53-0 41-0
In tb e acrea ge o f co tto n a n in crease o f 1 p e r c e n t is rep orte d . T h e re I Forsyth.—
H ig h e s t..
a p p ea rs to b e a slig h t d eclin e in t b e States o f t b e A tla n t ic co a s t and an
L o w e s t ....
Increase w est o f tb e M ississippi. T b e S tate a v e ra g e s a r e : V irg in ia , 90;
A v e ra g e ..
N orth C arolina 99*5, S outh C arolin a 98, G eorgia 9 s -5, F lorid a 97, A la
F L O R ID A .
b a m a 100, M ississippijlO O ‘4 , L ou isia n a 102 , T e x a s 106, A rkansas 102*5,
Jacksonville.
T en n essee 100.
H igh est...
C on d ition o f cotton is high er th a n in a n y J u n e einoe 1 88 0 , a v e ra g in g
96"9, and has on ly b een ex ce e d e d th ree tim es sin ce 187u. T h e b e st
y ie ld in th a t p e rio d , h o w e v e r, w a s in 188 2 , w h e n J u n e co n d itio n w a s
8 9 , a figu re that has b een d iscou n ted s ix tim es sin ce 1 87 0 . I t is a g o o d
b egin n in g, b ut does n o t in ju re a g o o d crop. T he S tate a vera g es are, V ir___ ____ _
______________ |_______________ _____
nessee 9 7 , gen era l a v era g e 96*9. T h ere is gen era lly an u n usu ally g o o d
“ sta n d ” o r - ‘ p la n t.” In T ex a s th e ea rly plan ted d id n ot co m e up w e l l ;
la te p la n tin g is b etter. T here is n o t a fu ll p la n t in som e fields in A rk a n s as. C lean [cu ltiva tion is re p o rte d as a rule, and a h ea lth y c o lo r an d
g o o d grow th
The above statement of condition, compared with the
reports for previons years, is as follows:
AGRICULTURAL DEPARTMENT’S JUNE CONDITION REPORTS.
L o w e s t ...
A v e r a g e ...
97
83
83
97
87
88
85
96
83
99
A vera g e 1 96*9 j 88-7
95
97
96
99
93
87
72
77
85
92
81
85
86
94
87
86
91
89
87
78
82
92
89
97
95
. 88
90
93
85
80
96
88
92
100
102
94
90
89
90
93
92
1 04
98
90
96
96
97
1 06
100
99
98
94
93
95
96
99
95
94
100
94
87
99
101
98
101
98
98
1 04
98
97
92
87
86
89
93
99
96
99
8
|
| Highest...
L o w e s t ...
I
I
I
j
Average..
Sanford—
H ighest...
Average
jaiiotfassee Highest
L ow est. ..
A verage...
ALABAM A
Mowtgnm’ y,—
Loyvest....
A v e ra g e .
I luscaloosa—
Highest,.
L o w e s t ...
A v e ra g e ..
Selma—
H ig h e s t..
L o w e s t ...
Average..
’. !!'.
74-0 74-0
30 0 25-C
630 510
0
5
I cedar K ey s76-8 72-8
| Highest,
0
0
0
08-0
24-0
40-0
I Auburn—
*0 75 0 76 0 71' 5
I H igh est..
0 31 5 27 •0 24 0
L o w e s t ...
53-5 49'4.
57-0 47-1 42-7
Average.
j LOUIS’NA.
If. Orleans.81-5 74-0 75-3 80*8 80-8 77-2
I H ig h e s t ... 44 0 25-0 30-0 43-8 40-1 30-0;
L o w e s t ....
00'2 53‘2 53-1 621 58-0 53'4
The average given above for all the States is the average as |
given by the Department.
*H ?g S \ .
J u t e B u t t s , B a g g i n g , & g .— Some business is reported for I Average!!
bagging in a small way but the market is not active. Prices I Qr’d co tea u are steady and sellers are generally asking 6@ 6l^c. for
lb., I lowest.’.”’
A v era ge
6^@ 6% c. for 1% lb., 7@7J^c. for 2 lb. and 7J£@7%c. for
HiU—
standard grade, but some are asking a shade higher. A fair Liberty
H igh est...
L o w e s t ...
trade is being done in butts and sales are reported at 1 13-16@
A v e ra g e ..
l ^ c . for paper grades and 2 % @ 2 ^ c . for bagging quality,
13-0
45-8
83*0 72-0
38-2 21-3
04*4 53-
H ig h e s t ...
L o w e s t ...
93
96
95
93
92
92
95
90
91
85
07-0
0
78-0 70-0
34-0 13-0
57- 47*4
June
I
A verage.
C ondition.] 1887. 1886. 1835. 1884. 1883. 1882. 1881. 1880. 1879. 1 8 7 8 .I j labile.—
99
98
99
98
99
99
97
91
98
97
08-0
81-0
48-5
H ig h e st. . 67-2 58-5 00-7
8-9
L o w e s t ... 29-8 12-1
A v e ra g e ... 49-: 890 85-8
Stateburg.—
1
H igh e st.... 74- 68-5 04-0
The following is tbe report of the Department on condition:
84-4
75*0 70-S 658
8-5 14-4
26'S
4«-7 87-7 3T2
L o w e s t ...
A v e ra ge ..
326 ,65 6
3 4 3 .8 1 2
3 45 ,44 5
3 85 ,64 2
S e p t’m b ’r 3 59 ,20 3
980,584
1 ,0 4 6,09 2
O c t o b e r .. 1,034,450 1 ,0 5 5 /2 4 1,090,385
1,030,380 1,094,697
1,122,164
1,033,552
1,169,979
N ovem b’r
1,0 5 9,65 3 1,112,536
D e c e m b ’r 1,164,986 1,069,920 1,104,211
752,827
4 3 7 ,7 2 9
475 ,75 7
5 4 3 .3 9 3
J a n u a ry . 644,631
595 ,59 3
385 ,93 8
2 6 1 ,4 4 9
4 14,656
F ebruary. 4 0 4 ,2 7 2
4 82 ,77 2
2 41 .51 4
163,503
253,332] 283 ,64 5
M a rch . . .
202,866 103 ,37 5 1 11,755 2 84.519
89,1 86
A p r il. . . .
185,523
4 5 ,9 1 8
35.5 75
133 ,14
47,4 26
M ay.........
N o. C a r ...
S o. C a r ...
G e o r g ia ...
F lorid a ___
A la b a m a ..
M is’s ip p i..
L ouisian a.
T e x a s .......
A rk an sas.
Tenn essee.
7.59
T H E C H R O N IC L E .
J u n e i l , 1 8 8 7 .]
00'5 57-01 01-1
..
..
..
40-5 44-7 40'8
07-9 05 0 05-1
S7-5 93 8 87-9
47-0 472 61-3
71-1 70-2 701
80-0
7
52*0 49-0 48-0
70-9 71-5 05-9
9
52-0
70-0
72-
2
930 00-0
58-8 54-5
75-0 73-3
0
000
54-0 50-0
77-0 73- 70-0
0
92-0 90-0 80-0
50-0 520
749 720 70-4
68-2 72-0 74-
7
2
87* 84-3 80*1 92-1 93-0 88-8
30 7 30-5 38-5 60*1 49*7 48-1
00: ) 63-8 0Ò-8 75-7 72-7 70-
1
91-2 8S-9 80-4
50-4 51-7 52-0
7 3 « 72-2 71-
7
760
tterm om ete
MISSISS’PI
Columbus.—
H ighest..
L o w e s t...
Average .
Vicksburg—
H ig h est..
Low est ..
A verage..
BrookhavemrH igh est..
L ow es t...
Average..
Oreenviue—
Highest...
L ow est...
A verage..
Leland—
Highest...
Low est___
A verage...
Oloster—
H igh est..
Ldw est...
A v era g e..
A R K A N S ’S
IAttle Rock.—
H ig h e st..
L o w e s t....
A verage..
M ount Ida.—
H igh est..
L ow est...
Average.
Helena—
H lgn est...
L ow es t....
Average..
t o r t Smith—
H igh est...
L ow est....
A verage...
TENNES’E.
Nashville.—
H igh est...
L o w e s t....
A verage...
Memphis.—
H ig h est...
L o w e s t....
A vera g e...
Ashwood.—
H ig h est...
L ow e s t....
A verage...
Austin.—
H igh est. .
L o w e s t....
A verage...
TE XA S.
Galveston.—
H igh est....
L ow est...
Average.
Palestine.—
H ig h est...
L ow est....
A vera g e...
Fort Elliot—
H igh est...
L ow est...
A verage...
Cleburne—
H ighest....
Low est....
A verage...
Austin—
H ighest....
L ow est...
Average...
T H E C H R O N IC L E
February.
March.
74-1 ' 07-1
20-1
8-(
68-( 88T
....
.. ..
. . ..
70* 1 75*
20- 1 24*
45*( 52*
May.
75*0
2*1
53*0
82* 1 82M 88M
30* 29-C 80*1
59* 001 65*1
88*
5070*i
eoe 94*0
401 44*0
68'C 70*0
79-1 74-i
87-r 10-(
691 4e\
77*i
17*2
46*7
so*: 83* • 77*2
30*1 i 28* i 27M
00- 55* ; 54-4
92* • 88M
42- 1 30*0
60- • 04-2
78-( 701
88-1 22-1
01-C 491
71-C
24-C
47*0
77*i i 70- I 78*0
H4- i 84- i SOM
59*( 54M 54*0
88- i 84M 85M
42-1 ' 39M 40M
04M 070 00*6
89*
79M 78-C
H5-I 10-1
67-t 45-Si
.. ..
...
87*i 1 91*i 74*C
87*1 i 27 ii 27M
02*( 68-1 590
93*i i 92M 84M
42-1 1 34M 44M
04M 70-4 09*0
91M 94 *C 87*0
55M 52*0 40*0
70M 751 69*0
80-( 79-(
82"< 14-(
501 35-7
..
80*i
32*i
681
81 •( .. . .
29-( . . ..
55-CJ . . . .
.. .
82*1
38*1
60*1
84-1
20-1
521
81*C 85*i
251 33-1
52*2 00-J
...
86M 92M
¡>01 32M
57*5 02-2
92-1 1 .. ..
88-1 1 . . ..
05M ..
..
...
...
90M1 92*1
58- 501
741 781
.. . .
901 87*0
ohm 521 ! 54*0
72M 701 09*0
88M 911 88*0
4?M 47*0 45*0
711 70*6 59*1
95M
! 74M
.. ..
72-Í 08-( 6S*C
28-( ll-(
7*0
47-6 41-0 87*0
£
741 70(
27-( 10-Í
47-7 88-2
74*1 78*1 78*0
SOM 24*1 24*0
55*4 50M 50*0
891 80M 88M
33M 49M 40M
04M 01*0 68-0
ROM 78*0
24*1 22*0
40-: 46*7
85M 80M
27M 32M
61-8 03-0
97*0 84*0
44*0
70*0 64*0
70-( 04-( 70*0
28M 10-(
9*0
60-Ü 41-0 40*5
74*( 78M 70*0
SOM 25M 24*0
55*4 501 48*0
90M 82M 84M
37*1 1 80M 871
05M 62*0 03-0
96-1 90*0 88*0
56*0 54*0 46*0
76*1 70*0 67*5
75-1 09"( 74*1
191
1-i
0*1
45-1 38-5 85*7
76M 82*0 79-8
28*( 26*S 24*8
54M 47*6 47-9
91*£ 851 84*4
80*1 801 40*1
031 59*7 01*8
97*9 86*3
60M 48*;> 41*5
70-e 78-0 65*0
m
95*0 87*0
500 45*0
78*0 07*0
74-t 001 70*4
22-7 —01 — 0*8
491 85-4 38*4
70*7 771 74*2
24 0 21M 10*0
49*2 47*J 41*8
88-1 84*8 821
311 81*5 341
59-8 68-4 681
88-6 91*2 83*2
50*2 44*7 41*7
70*7 681 05*2
74*C 05-C 68*0
20"(1 61
9*9
491 391 89*0
87-2
38-4|
03-0
(
85m
84" (
00-0
84-2 83*8
84-3 3.V2
60-7 03-5
9C-5 90*0 90*2
54-0 51*1 41*5
78M 71*5 68*4
71-C 031 68*0
24-1 -8 -t
3*0
60-Ü 30-7 30*5
701 81M
291 26*7
53*71 48"S
1
73M 7RM
28M 20M
60*0 47*2
83*0 81*0
230 84*0
69*v 61*0
87M 86*0 86*0
54M 44*0 42*0
75-0 68*0 07*0
75-C 04-0 69*0
201 12-11 8*0
50-0 850 33*0
751 78*0 700
24-C 23-0 10*0
49*4 48-0 43*8
90M 84-0 840
82M 28-0 88-0
591 58‘4 00-2
90*0 91*0 88*0
50-C 44*0 87*0
79*2 099 65*3
74*3
20*2
47-9
74*0
10*0
44*4
74-1 71-0 70*0
47-2 810 28*0
02-9 535 02*0
79*4 70M 73*5
45*f 87*f 432
052 59-0 00*7
81-4 80-4 as-6
51-2 43*2 60-4
09-4 06-6 71*9
80*7 86-8 87*7
50-C 00-4 58*0
75*9 74*0 70*2
81-1 82-2 70*0
22-fi 28-8 14*0
54-7 60-2 45*0
851 80*? 78*0
881 27*} 81-1
01*5 55*0 64*0
8T0 83-7 80-2
89*9 30-2 47*3
00 0 ea-0 07-0
92*8 87*4
62-2 51*4
73*8 69*4
77-2 78*7 71-0
8-1 5*2 — 2*3
88-9 89*9 82*2
821 88‘7 82*0
24-C 14M 18*0
60-8 44*2 45*3
«0-2 78*9 81*0
291 20*3 82*8
50*u 53-9 000
92*0 90*0 82*0
39-1 43*0 35*0
60-0 ee-7 59*3
70-0 84*0 72*0
16-tl 10*0 8-0
48-0 46*2 891
AVO R2M 79*0
21*0 27*C 20*0
67*2 53*8 49*0
90*0 80-0 88*0
28-C 2a0 42-0
05-0 02*2 05*0
92-0 94*0 90*0
50*0 52-0 46*0
74-2 74*0 07*8
80-0 80*0 77-0
2b-(J 25*0 24-0
401 89*3 489
80*6 83M 75-5
80*0 84-C 41*0
03*8 50*9 59*2
90*1 86*0 85*0 100*5 97-5 89*5
48-5 35*5 60-0 51*5 60*5 55*0
70-4 08*7 77-4 70*1 79*9 76*5
February.
Rainfall.
April.
1887 1880.|l885 1887. 1886. 1886 1887 .1886 1885 1887. 1886.1886.
I
March.
April.
May.
1887. 1886. 1885. 1887. 1880. 1885. 1887. 1880. 1885. 1887. 1880. 1885.
4*88 2*30 804
14
8
14
3-87 3-10 1-92
12
8
11
1*94 8*32 6*10
8
10
20
1*48 5*00 2*05
11
14
3*90 8-26 8-05
8 . 8
9
5*02 1-18 8*58
14
10
14
4*30 4*01 2*20
11
8
10
1*92 2-00 2*51
7
4
0
8-07 2*11 8*53
7
9
14
2-93 0*39 2*91
8
11
12
1-84 3-88 2*83
9
12
9
3-00 11*04 6*47
9
14
8*80 2*50 1*09
5
4
7
1-74 5-30 2-01
7
4
7
1*45 4*23
4
13
8*30 8*81 8*12
5
7
11
4*90 2*75
8
4
7*50 2*18 9*25
10
5
h
0*50 2*00 1*70
6
11
10
8*58 1*19 1*17
9
9
0
4*20 1*00 2*20
15
6
10
2*55
8
2*75
9
1*08 8-77J 1*93
10
12
13
1*44 13*23 6*14
10
12
16
1*04
11
1*81 1*41 1*24
6
8
7
3*03 8*18 4*34
8
10
15
0*98 6*75 2*40
3
7
0
2*77 8*10 2*19
5
5
6
8*84 5-58 8*08
9
10
10
1*52 5*99 1*50
7
5
3
217 2*70 1*21
6
5
3
fi*5a
8
0*97
00
©
■
sfa* T*-.
y*
V IR G IN IA .
Norfolk —
Rainfall.in 2-01 4*03 8-79
Days rain.. 13
10
14
N. C A R ’NA.
Wilminot’n —
Rainfall,in 1-01 2*15 2-52
Days rain.. 13
8
11
Weldon.—
Rainfall.in 8-07 2*16 2*42
Days rain.. 9
8
8
Charlotte—
Rainfall.in 4-81 2*76 4*44
Days rain.. 10
6
10
Wilson—
Rainfall.in 2-84 2*38 8*86
Days rain.. 8
4
8
Morganton.—
Rainfall.in 0-12 0*87 5*94
Days rain.. 9
4
11
8. C AROL’A
Charleston—
Rainfall,in 2-29 2*18 3*04
Days rain.. 19
7
13
Pacolet—
Rainfall.in 5-05 2*86 7*00
Days rain.. 20
8
10
Btatebura—
Rainfall.in 1-89 1*46 8*87
Days rain.. 12
11
7
Aiken.—
Rainfall,in 8-89 2*20 8*97
Days rain.. 10
5
11
Columbia.—
Rainfall.in 2-32 1*26 4-52
Days rain.. 12
2
8
GEORGIA.
Augusta.—
Rainfall.in 2-95 1*70 3*24
Days rain.. 14
6
12
Atlanta.—
Rainfall.in 8-74 1*53 4*14
Days rain.. 10
7
10
Savannah.—
Rainfall,in 8-03 8*38 8*11
Days rain.. 14
9
11
Columbus.—
Rainfall,in 0-77 1*87 4*79
Days rain.. 9
3
5
MU'gsville.—
Rainfall.in 5-35 1*56 8*34
Days rain.. 10
4
7
Ponte.—
Ri: ini a. l,in 4-00 2*45, 4*30,
Days rain.. 9
4 1 6 !
FOrsvth.—
Rainfall.in 5-98 2*201 2*92
Days r: in.. 1 12
5 I 9 1'
Rainfall.
[V ol. X L lv,
February.
April.
1887. I860. 1885. 1887. 1886.1886
FLORIDA.
JacksonvilleRainfall.in
Days rain..
Cedar Keys.—
Rainfall.in
Days rain..
Archer—
Rainfall.in
Days rain..
Sanford—
Rainfall.in
Days rain..
laUahassee—
Rainfall.in
Days rain..
A LAB A M A .
MontQom'y.—
Rain fall, in
Days rain..
Mobile.—
Rainfall.in
Days rain..
TuscaloosaRainfall.in
Days rain..
Selma—
Rainfall.in
Days rain..
Auburn—
Rainfall.in
Days rain..
LOUIS’ANA
New OrleansRainfall.in
Days rain..
Shreveport.—
Rainfall.in
Days rain..
Qrd. CoteaurRainfall.in
Days rain..
UbertyHiU—
Rainfall.in
Days rain..
MISSIS’PI.
Columbus.—
Rainfall.in
Days rain..
Vicksburg.—
Rainfall.in
Days rain..
May.
1887 1886 [1885* I 1887 1886 1885
—
0*34 1*87 5*23
8
8-61 6*74 5-66
4
19
11
4*15 3*08 1*24
7
9
5
T ir
14
0*18 1*17 9*02
4
8
9|
1-87 12*14 3*07
6
16
10
0*03 1*61 0*15
0
7
2
4*41
7
0*38 1*57 0*9o; 4*14 12*83 3-75
8
4
5
5
14
6
7*75 4*19 0-27
8
5
2
3*29
8
1*16 1*18 3*96| 2:19 8*17 4*60
7
6
8
18
10
3*18 6*60 1*52
11
11
4
3*22
13
1*15 1*00
4
8
435 9*79
8
18
5*10 2*15 3*19
5
4
7
2*8C
5
7*47 4*10 3*08
12
5
11
0*72 6*86 2-93
3
10
12
1*18 7*38 3*92
5
9
8
0-62 215 2*85
9
0
12
3*60 14*62 6-36
7
20
10
1*93 5*86 5*24
5
10
6
2*84 1 2*95 819
6
13
13
806 1*27 3*27
11
5
11
4*31 2*18 5*40
3
4
9
11-81
10
2*07 5*95 9-78
5
12
9
6*56 fill
6
11
0*87 5*75 3*25
8
5
9
095 11*10 2-73
5
9
6
1*78 TOC 3*40
5
4
8
2*2(1 9*90 4*15
9
8
11
0*78 4*31 8*59
9
0
10
2*27 8-03 8-41
4
10
8
1*58 4*02 2*03
5
7
10
8-73 8-69 7-41
9
7
14
7
0
11
5*58 1*90 2-89Ì 8*37 8*41 6*99
13
4
7
u
13
9
8*81 4*77 3*31! 1*28 6-821 1*79
17
7
9
3
14
14
2*87 1*87 1*02
7
6
6
5*92 5*37
9
7
2*81 7*7(
6
14
0*71 3*41
4
10
1*83
4
11
0*8C 4*99
4
13
2*i: 4*?o
5
8
'
■
1*87 5*00 3*67 3*0fl 8*07 6*71
0
7
10
9
6
15
0*44 5*14 7*07
0*08 3-00
4
15
10
2
9
1*77 803 4*43
2
7
8
ft*50 1*60 0*13
8
2
7
2*00 5-17
8
0*85 8*77 3*17
2
5
11
5*52 0*28 2*90
7
1
8
4*40 3*54 8*27
10
7
4
2*94 9-48 3-12
6 10 9
3*51 4*77 3*65
0
8
7
2*89 8*61 6-33
10
9
8
4*18 4*97 3*93
17
0
9
2*77
7
0*75 9-99
7
13
5*40 1*52
11
1*80 6*60 5-10
4
8
13
1*20 14*80 5*40
6
12
10
6*50 2*50 1*15
10
8
3
2*74 5*59 8-20
4
5
12
1*99 4*76 500
5
11
9
8*10 1*20 8-3K
6
5
2
3*13 3-36 2-99 •1*91 5*04 1*06
8
8
9
7
6 I 4
5-45
2*80
4
4
3*07 0*45 2-30
0
1
V.3
2*87 4*82
0
4
....
Rainfall,lo 4*50 6*80
Days rain.. 8
6
Greenville—
Rainfall.in 4*42 5*51
Days rain.. 14
7
Leland—
Rainfall,in 4*99 3*58
Days rain.. 7
4
Clarkxdale—
Rain fa)),in 4*76
Days rain.
8
Oloster.—
Rainfall,in
Days rain..
A R K ’N8AS.
Little Rock.—
Rainfall,in
4*28 2-36
Days rain„< is
8
10
Mount Ida—
Rainfall,in 4*30 800
Days rain.. 13
4
Helena—
Rainfall,in| 8*65 5*71 2-53
Days rain
15
9
8
Fort SmithRainfall, in 4*34 2*38 1*69
Days rain.. 14
5
6
TENNKS’E
Nashville.—
Rainfall,in 8*47 3*82 2-00
Days rain
14
13
13
Memphis.—
Rainfall,in 8*37 6*43
Days rain
15
10
Ashwood—
Rainfall,in 7*021 2*89 2-40
Days rain
14
8
5
Austin—
Rainfall,in 12*57 4*79 2-00
Days rain.. 18
8
12
TE XA 8.
Galveston.—
Rainfall,in 1*86 2*31 2-04
Days rain.. 5
8
7
Palestine—
Rainfall,in 3*87 3*95 8*02
Days rain.. 10
9
6
Fort Elliot—
Rainfall,in 0*06 1*44 0-87
Days rain..
1
7
7
Cleburne—
Rainfall,in 1*74 1*75 1*01
Days rain.. 14
6
8
Austin—
Rainfall.in 1*71 2*18 0-78
Days rain.. 6
7
4 1
2
2-02
7
4-80
4
1-70
2
4*54 8*72 3*41
6
15
10
0*49 8*62 5*00
4
12
9
1*08 3-99
8
7
2-20
5
2*00 8*60
9
9
0*45 6-35
11
2
4:25 8-24 2-84
2*98 2*03 1-48
10
9
5
1-53 3*02 1-08
5
10
8
2-91 410 4-07
9
12
*
2*81 T29 7*63
10
14
13
6-51 0*38 2-53
14
4 11
3-80 4-70 2-38
11
10
10
2*07 2*30 8-75
8
10
15
3*48 2*10 4-3«
12
11
14
4-18 3*00
7
11
2*34 2*88 3*00
0
15
12
2*83 2*11 8-06
11
11
14
4-56 4-40 2-70
9
8
7
1*65 2*88 3*00
5
11
6
2*00 3*48 3-90
10
10 11
4*54 4-80
9
9
2*61 2*88 2*55
10 13
3*3« 2*54 4-78
7
11
0
5-85
11
8 I 10
7
1-98 3*19 3-17
5
9
12
1*45
4
....
2-25
11
»
1
2*15 4*12
8
0
4*84 0*03 6-41
10
5
2
0*74 2*75 5*14] 0-80 0*30 6-08
11
3
10
16
2
0-19 1-49 1*80
1
8
6
3*06 2*44 4-07
9
8
10
0-82 3-31 2-82
5
13 14
2*34 2*58 6*41
8
10 15
1*70 3*94 2 -22 !
4
6
0 1
2*75
4
«
4
5*04 4*71
9
18
7*01 0*23 7-23
10
11
3
6*30 • 9-02
13
11
2
6*12 0*00 8-40
12
8
0
* Inappreciable.
E g y p t i a n C o t t o n C r o p . —Our correspondent at Alexandria,
writing under date of May 9, sends the following report of
the General Produce Association of Alexandria, which we
have translated and give below.
A l e x a n d r ia G eneral P roduce A ssociation Cotton R eport .
The follow ing is a resum é o f the replies received to the inquiries of
Ipril 15,1687.
0*04 7*42 1*85
5
8
10
2-77 1*86 1*68
6
6
7
1*61 6*29
10
10
11
1*99 : 1*10 4*20
10
11
10
1*38 1*48 1*31
8
9
10
1*80 6*81
8
15
0*70 810 8*11
7
14
10
2*00 2*06 1*14
8
8 1 6
2*70 4*37 3*98
6
18
2*02 10*91 8*42
4
9
5
1*40 8-29 3*09
3
8
4*20 2*47 6*80
2*07 5*71 8*57
5
0
2
1*20 1*25 8*17 2*59 6*69
---------------------------------- ------- — V * v « w v a u t v u u « o u p o i O O H i ; H U U il t ) iU U lC ctb C O ttR J
3
5
3 1 8
5
10
1*15 2*551 1*60 2*95 3*05 Í 5*90 diminution. Most of the cotton sown 'in this province is Ashmouni,
3
5
8
6
11
8
3-23 1*88 1-65 3*13 4-05! 0*47
4 I 8 1 8
10
8 1 13 ,
8-85 8*75 3*85
9
5
«
3*29 8*07 3*79
h
9 < 10
B éhira.—The sowing o f cotton took place at the usual time, that is to
taira of the acreage.
June
11, 1887.]
761
T H E C H R O N IC LE .
n h a rk W i.—P la n tin g s w ere m ade as a ru le at a fa v o r a b le tim e fro m
th e en d o f F eb ru a ry to th e e a rly d a y s o f - p ril; n o r e p la n tin g has been
n ecessary. T h e y o u n g p la n ts h a v e thus fa r b e e n fa v o r e d b y a g o o d
tem p eratu re a n d e v e r y w h e re p resen t th e finest a p p ea ra n ce. W ater is
sufficient in som e p la ces and la ck in g in oth ers; q u ite serious com p lain ts
R e m a d e on this su b ject in th e M iuet-el-G am h d istrict an d in severa l
other d istricts o f the southern p a rt o f this p r o v in c e . T h e sam e area is
»o w n w ith cotton as in 1 8 8 6 - o u r corresp on d en ts are u n an im ou s o n this
p o in t -o n ly on e m akes an e x c e p tio n a n d b eliev es th a t m ore has b e e n
» o w n this yea r. T he d istrict o f M inet-el G a m h raises a oertain a m ou n t
o f w h ite cotton , th e rest o f th e p ro v in ce p re fe rs »A s h m o u n i" co tto n
th is year, h ow ever, th ere has been a little m o re Baraldh cotton p la n te d
1
fca/WMA —P Ianting d on e in Maroh a n d A p ril, a cco r d in g to th e cu s
tom o f this p rov in ce; ch a ra cter o f th e p lan ts e x c e lle n t a n d th e grow th
od. V e ry fe w com p la in ts on th e s u b je ct o f w a te r, w h ic h , it appears,
is sufficient. T h e m a jority o f ou r co rresp on d en ts d o n o t Bay w h eth er
m o re o r less co tto n has b een p lan ted this y e a r th a n w a s la st, and
th ose w h o say a n yth in g on th e su b ject e x p ress different op in ion s, w h ic h
leads us to b eliev e th a t the cu ltiv a tio n o f co tto n has in crea sed in som e
d istricts a n d d im in ish ed in others. T h is p r o v in c e is s ow n c n ly w ith
Ashmouni co tto n an d a little B a m iih cotton .
O alioubieh.—T he ord in a ry tim e o f p la n tin g w a s foresta lled b y a fe w
days this y e a r, nnd, fa v o re d b y a g o o d tem p era tu re, th e seed sprou ted
p e rfectly ; th e y o u n g p lan ts are e v e r y w h e re e a rly a n d flourishing. C on
siderable fea rs are exp ressed in re g a r d to th e w a te r Bupply; a bu n d a n t
in M aroh , it v e r y s en sib ly dim in ish ed in A p ril; severa l v illa g e s m ay b e
co m p letely d e p rived o f it. T his d rou g h t is a ttrib u te d to th e rep a irs o f
d am s and oth er im p orta n t w o r k s u n d erta k en b y th e G ov ern m en t. I t
is hop ed , h o w e v e r, th a t m easures w ill p r o m p tly b e tak en to r e
s u p p ly th e ca nals w ith w a ter. W e h a v e c u ltiv a te d w ith co tto n this
y e a r alm ost the 's a m e a m ou nt o f fe d d a n s as in 188 8 ; h o w e v e r, on e o f
o u r corresp on den ts b eliev es that som e h u n d red s o f fed d a n s less h a ve
b e e n p lan ted , in con seq u en ce o f la ok o f w a ter. A lm os t th e e n tire area
is p lan ted w ith A shm ouni co tto n and a little B am l6h co tto n .
Garbieh —C otton w as g en era lly sow n in th is p r o v in c e a t th e cu stom
a ry and reg u la r tim e ; h o w e v e r, som e p la n ters, in flu en ced b y th e b a d
results o f the ea rly p lan tin gs la st y ea r, b e lie v e d it n ecessa ry t o d e la y
fifteen or tw e n ty d ays. N oth in g has ha d to b e rep la n ted . P la n te are
o f a g o o d ch aracter, a lm ost e v e r y w h e re a re w e ll a d v a n ced , and p re se n t
a flue appearanoe. T he v olu m e o f w a te r is less th a n in 1 8 8 6 ; still,
thus fa r all th e reg ion has b een irrig ated , w h ich sh ow s th a t th e w a t e r
Is sufficient. T he m a jority o f ou r c o r re sp o n d e n ts a re o f th e o p in io n
that their p rov in ce has s ow n th e sam e a m ou n t o f co tto n as la st y e a r ; it
appears, h ow ever, fro m th ree rep lies from G od d a b a th a t th e re ha s b e e n
sow n there from 10 t o 15 p e r cen t le s s ; o n th e o th e r b a n d , fo u r le tte rs
from Chabas, K afr-Zaiat, M eh allet-el-K ibtra an d S am anout in d ica te fo r
these d istricts an in crease o f cu ltiv a tion o f 5 t o 10 p e r cen t. T h e p rin
cip a l p rod u ction o f th is p r o v in c e is A sh m ou n i co tto n , w ith th e e x c e p
tio n o f th e E astern d istricts o f w h ic h Zift6h is th e cen tre, w h ich p la n t
m u ch w h ite cotton , and G od d a b a, G a llin , and o th ers, w h ich a re g iv e n t o
tb e cu ltu re o f G a llin i; w e b e lie v e , h o w e v e r, th a t b o th th ese k in d s o f
co tto n h a v e slig h tly d ecrea sed th is y e a r, to th e a d v a n ta g e o f th e A s h
m o u n i; an d it is rep orted a t th e sam e tim e th a t in gen era l, a n d n o t a
b ly in tb e d istricts o f K afr-Z aiat an d M eh allet-el-K ib ira , th ere h a s b e e n
sow n a la rg er p rop ortion o f B am i6h co tto n .
M in ou flih .—G ood rep orts oom e from this p r o v in c e ; p la n tin g s t o o k
place at th e cu stom ary t im e ; the y o u n g p la n ts h a v e g r o w n v ig o r o u s ly
and are every w h ere in p e rfe ct con d ition . W ater Is sufficient, w ith th e
e x cep tion o f th e M en ou f d istrict, w h ere it is la ck in g. A c c o r d in g to ou r
corresp on den ts they are ra isin g in th is p ro v in ce as m u ch cotto n as in
1886, all A shm ouni an d B am i6 n ; th e p ro p o rtio n t o th is la tte r m a y
h a ve slig h tly dim inished.
F a you m .—S ow ing w as d on e ea rlier this y e a r ; th e seeds h a v e sp ro u te d
w e ll and th e p lan ts are in g o o d con d ition . W ater is a b u n d a n t, w h ich
p erm its, it is stated, a sensible in crea s e o f th e co tto n cu lture. T h ere
h a v e been p lan ted ch iefly th e va rieties w h ich are p e cu lia r t o th is
p ro v in ce and w h ich , it is cla im ed , are th e o n ly on es w h ic h ca n g iv e
g o o d results.
U pper E g y p t.- W e ca n say n oth in g at th is tim e w ith re g a r d to this
district, as o a r rep orts h a ve n ot b een receiv ed .
Oeneral Observations.—W e h a ve little to a d d to th e fo reg oin g . T he
con clu sion s w h ic h on e d erives fro m th ese rep orts are the fo llo w in g :
P lantin gs t o o k p la c e at the u su a l tim e; o n ly in v e r y fe w cases a n y ea rlier
than usual in som e p la ces s lig h tly la ter, in con seq u en ce o f th e h a rd
lesson w h ioh t h e in clem en t w ea th er o f la st y e a r ta u gh t th ose w h o w e re
w o n t to he in a h iirry . T h e sprou tin g o f th e seed w a s e x c e lle n t, and
th e g row th o o d , th e co n d itio n o f th e p la n ts n o w b e in g vig o ro u s
Bupply o f w a te r ha s b een sufficient, a lth ou g h t b e a m ou nt m a y b e less
than last y e a r at th e sam e tim e. A cre a g e is as g rea t as in 1 8 8 6 ; w e
h o p e to g iv e the official figu res in ou r n e x t risumS. T h e p rop ortion s
sow n w ith our different kinds o f co tto n are a b o u t the sam e as la st y e a r
w ith tb e e x c e p tio n o f w h ite an d G a llin i co tto n w h ich seem to h a v e lo st
grou n d a little, In sh ort, th ere are a lm ost n o com p lain ts.
This statem en t refers on ly t o s ix p r o v in c e s fo rm in g lo w e r E g y p t, a n d
to F a you m , ex c lu d in g u p p e r E g y p t , in tellig en ce fro m w h ic h has n o t
y e t rea ch ed ns.
P. 8.—A lexandria , A p ril 30, 1 8 8 7 .—W e h a v e re c e iv e d n ew s fro m
M ansourah th a t a storm p a ssed o v e r th a t d istrict o n th e first inst.
H e a v y rains and ev en hail fe ll in som e loca lities w h ich , in th e op in ion
o f som e, m a y h a v e in ju red th e p o o r la n d s sow n w ith cotton .
from these parts, as no doubt the great improvement in prices
towards the end of March and in April caused supplies to be
hurried to market as quickly as possible. Dholleras also have
probably been influenced in the same way, but not to the
same extent, as sellers up country are quite aware that
local fniils depend largely on the Dhollera orop for their
monsoon requirements, and no matter how prices may tend
during the season, a fair proportion of the crop is likely to be
held over. The Dhollera crop itself, from latest information
received, is not likely to be smaller than last year. In the
south of Kattiawar the crop is smaller, but in the north,
where, however, the cultivation of cotton is not so extensive
as in the south, a crop 25 per cent larger th in last year is now
looked for, so that on the whole it is estimated the crop will
be about the same as last year. Oomptahs and Dharwars are
arriving freely, and are already 28,000 bales ahead of last year,
notwithstanding that these crops are small this season.
Taking into consideration the larger estimate of the Dhollera
crop, and the fact that the crops generally have been influenced
by the improvement in price«, an export of 950,000 bales for
the six months ending 80th June is not now so improbable as
appeared likely a month back.
S h i p p i n g N e w s . —The exports of cotton from the United
States the past week, as per latest mail returns, have reached
9,886 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the C h r o n i c l e last Friday. With regard to New York we
¡adude the manifests of all vessels cleared up to Thursday.
Total bales.
N e w Y o r k - T o L iv e r p o o l, p e r steam ers A d ria tic, 1 5 9 . . . .
A t ra n ia , 1 2 2
G erm a n io, 3 1 4
N e v a d a , 7 6 . . . Spain,
947
2 7 6 ........................................................................................................... .
294
T o H u ll, p e r steam er G a lile o , 2 9 4 ................. ...............................
540
T c B rem en, p e r steam ers E m s, 4 9 0 ___ W erra, 5 0 .......................
479
T o H a m b u rg, p e r stea m er G e lle rt, 4 7 9 .........................................
180
T o A n tw e rp , p er steam er R h y n la n d . 1 8 0 ................................
14
T o C op en h a gen , p e r ste a m e r T h in g v a lla , 1 4 ................................
1,1 9 4
T o S tettin , p e r ste a m e r S la v on ia, 1 ,1 9 4 ................. .......................
2
97
T o B arcelona, p er stea m er N eu stria . 2 ¡ » 7 .....................................
N e w O r l e a n s —T o L iv e rp o o l, p e r steam ers H isto ria n , 1 , 0 6 7 . ...
3 ,8 5 7
N a v ig a to r, 2 , 6 0 0 . . . . S cu lp to r, 1 9 0 ................................................
300
T o B arcelon a , p e r b ark A m e rica , 3 0 0 .............................................
B a l t im o r e —T o L iv e r p o o l, p e r steam ers C aspian , 3 5 . ...O r a n 129
m ore. 9 4 ....................................... ..........................................
9 97
B oston —To L iv e rp o o l, p e r steam er R o m a n , 9 9 7 ..............................
153
T o H a lifa x , p e r stea m er C arroll, 1 5 3 . ............................................
5
T o Y a rm o u th , p e r stea m er A lp h a , 5 ...............................................
T o ta l....................................................................................................
9.386
The particulars of these shipments, arranged in our usual
form, are as follow s:
N ew Y o r k .
N. O rlea n s.
B a lt im o r e .
B o s t o n . ... .
L iv erp o o l.
9 47
3 ,8 5 7
1 29
997
T o t a l ...
5 ,9 3 0
B rem .
Copenh.
H a lifa x
and
A n ta n d B arter a n d
H u ll. H atnb. tcerp . Stettin. Iona. T a rm ’ h.
2 9 4 1 ,0 1 9
1 60 l,2 u 8 2 97
......................................................
3 0 0 ..........
.............................................................................. ..
...................................
. . . . . . ..........
158
294
1 ,0 1 9
180
1,2 0 3 597
158
Total.
3 ,9 4 5
4 ,1 5 7
1 29
1 ,1 5 5
9 ,9 8 «
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orleans —F or L iv e r p o o l—June 3—S team ers F lorid ian , 7 8 6 ;
Ban Juan, 3 57 .
Boston—F o r L i v e r p o o l - J u n e 1 —S team ers B av a rian , 3 1 0 ; B oth n ia , 2.
P h
F o r Y a rm ou th —J u n e 3 —S team er Y a rm ou th , 25.
i l a d e l p h i a —F o r L iv e r p o o l—J u n e 7 —S team er B ritish P rin c e , 119.
Satur.
M on.
Tues.
Wednes.
Thurs.
F ri.
L iv e r p o o l,ste a m d.
*10
*10
*16
'■*18
*10
1ie
....
....
....
....
....
Do
s a il...«*
H a vre, stea m . . . e .
Bie
B18
Bts
B10
610
6J6
....
....
....
....
....
Do
s a il......c .
B rem en , s t e a m .. e.
**82
**82
**82
U S2
**82
6ie
....
....
....
....
....
....
Do
s a i l . . . . c.
H a m b u rg, steam , e.
Bia
B10
B10
B10
516
Bie
....
....
....
Do
s a i l .. ... .
35*
35*
35*
35*
35*
A m at’ d 'm , steam e.
35*
■•••
....
....
....
....
....
D o v ia L eith d.
R ev a l, s te a m ___ d. 1*04“ *®64 l* f 4“ *3<J4 1104-1304 **64—*864 **04—*364 U 04-*864
....
....
....
....
....
....
Do
s a il.......... d
1304
B a rce lo n a ,ste a m d .
*8«4
*804
*304
1804
*3f4
3ia
G e n o a ,s te a m . . . . d. U 64®3I6
»10
310
310
310
1*04® *4 l Be4®*4 15,4® «4
*b04
T rieste, ste a m . . . d.
A n tw e rp , steam .d .
704
784
764
7 64
704
704
* P e r 1 0 0 lb s.
L iv e r p o o l . —By
cable from Liverpool we have the following
statement of the week’s sales, stocks, &c., at that port. W e
add previous weeks for comparison.
M a y 20.
Sales o f th e w e e k ........... b ales
O f w h ic h e x p o r te r s t o o k ___
O f w h ic h sp e cu la to rs to o k ..
Bales A m e r ic a n ............................
A ctu a l e x p o r t ................................
F o rw a r d e d .....................................
T o ta l s to ck —E stim a te d .............
O f w h ic h A m e rica n - E stim ’d
T o ta l im p o rt o f the w e e k .........
O f w h ich A m e r ic a n .................
6 0 ,0 0 0
8 .O00
6 ,0 0 0
4 3 ,0 00
1 3,0 00
8 ,0 0 0
9 7 1 ,0 0 0
7 4 3 ,0 0 0
57.0 00
24,0 00
1 92,000
2 3,0 00
M a y 27.
5 8 ,0 0 0
5 ,000
3,000
43,0 00
10,0 00
23,00
9 3 3 ,0 0 0
7 0 6 ,0 0 0
4 5 ,0 00
10,0 00
2 0 2 ,0 0 0
1 8,000
J u n e 3.
3 7 ,0 0 0
3,t 00
6,000
19,0 00
9 ,000
8 ,0 0 0
9 2 4 ,0 0 0
6 8 6 ,0 0 0
36,0 00
4 ,0 0 0
1 7 9 ,0 0 0
2 0 ,0 0 0
J u n e 10.
8 1 ,0 0 0
5 ,0 0 0
1 4 ,0 0 0
42 0 0 0
7 .0 0 0
6 ,0 0 0
8 7 9 ,0 0 0
6 5 4 ,0 0 0
2 9 ,0 0 0
8 ,0 0 0
1 9 4 ,0 0 0
1 7 ,0 0 0
E a s t I n d ia C r o p , —From the B om bay Company’s (limited)
Cotton Report, dated May 6, we hav9 the follow ing:
O f w h ich A m e r ic a n .................
Receipts now begin to show a falling off, compared with
last year, being about 6,000 bales less for the fortnight. From
The tone of the Liverpool market for spots and futures each
the Oomrawuttee districts alone 16,000 bales less have been day of the week ending June 10 and the [daily closing price«
received. It is but natural now to look for small arrivals o f spot cotton, have been as follow s: B 2 2
g“—1
762
T H E C H R O N IC L E
Spot.
S a tu rd a y M on d a y. T uesday.
M a rket, )
1 2 :3 0 P.M. I Harden) ’g Harden’g.
U p l’d s ........
M id. O rl’n s.
M id. S a le s ..
S p ec. & e x p .
51518
515i 8
10,000
F u tu res.
M arket, 1
1 2 :3 0 p . m . j
*
Firm at
1-04 ad
vance.
M a rk et, ?
4 P. M. J
3 ,0 0 0
Strong.
6
6
1 4 0 00
5,0 0 0
Quiet.
6
6
W ednes. Thursday. F rid a y .
Steady.
6
6
10,000
Thus, yesterday, N 0. 2 m ixed sold at 34o. for June and 31%c,
for Septem ber, and N o. 2 w hite at 38c. for June and 84c. for
September. T o-day there was no decided change.
DAILY CLOSING PRICES OF NO. 2 OATS.
Sat.
M on.
Tues.
Wed. T h u rs.
JVi.
3 2%
33%
33%
3 3%
34
33»9
33
33%
33%
3 3%
33%
33 ij
Good
demand.
Firm.
6
6
1 4,0 00
3 ,0 0 0
6
6
3 ,0 0 0
12,000
2,000
Steady.
Qnlet.
Qnlet at
1-64 de
cline.
Steady.
Unset’d at
2 04 <a 3-04
decline.
Dull.
Qniet but
steady.
Firm.
Easy.
Very
steady.
12,000
3 ,0 0 0
September delivery. . . . . .
R ye is quiet
fu ll prices.
giv en in p en e s a n d QAths, th u s :
6 6 3 -6 4<J., a n d 6 0 1 m ea n s 6 1 -6 id .
S a t ., J u n e 4 .
J une...........
June-July..
J u ly-A u g...
A ug.-Sept..
Septem ber.
Sept.-Oct...
O et.-N ov...
N ov.-D ee...
Dec.-Jan ...
T u e s ., J u n e 7 ,
Open High Low. Clos. Open High Low. Clos. Open High Low.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 63 503 563 503 002 6 02 0 01 6 01 5 62 5 62 562
603 503 603 503 0 02 602 0 01 0 01 5 62 5 62 0 02
600 6 00 000 6 00 0 08 0 03 0 02 002 600 600 0 00
6 00 0 00 000 6 00 604 604 6 03 0 03 6 01 6 01 0 01
6 01 0 01 0 01 6 01 0 05 0 05 604 6 04 6 02 6 02 6 02
650 5 59 550 5 50 563 5 53 5 52 6 52 5 00 050 500
5 40 5 40 540 5 40 5 41 6 41 5 40 5 40 5 89 0 39 5 80
5 36 5 30 530 ^ 8 d 5 87 587 5 87 5 37 5 86 5 80 686
530 5 30 6 30 530 6 37 5 87 5 37 687 536 530 085
W e d n e s >, J u n e 8 .
J u n e ______
Jnne-Jnly..
July-A ug ..
A ug.-Sept..
Septem ber.
Sept.-O ct...
O ct.-N ov ...
N ov.-D ee...
D oc.-Jan....
M o n ., J u n e 6 .
5 63 m ea
T h u r s ., J u n e 9 .
Clos.
d.
5 62
5 62
6 00
6 01
002
0 50
5 39
580
535
F r i ., J u n e 1 0 .
Open Sigh Low. Clos. Open Sigh Low. Clos. Open High Low.
d.
d.
d.
d.
a.
a.
d.
d.
d.
d.
d.
6 63 0 01 6 63 6 01 5 63 503 5 02 5 02 5 62 5 62 5 62
603 0 01 5 63 6 01 6 63 6 03 5 02 5 62 5 02 5 02 5 62
0 01 6 02 6 01 002 001 0 01 6 00 6 00 563 0 00 5 03
0 02 0 08 0 02 0 03 6 02 0 02 0 01 6 01 6 00 0 01 600
6 03 0 04 6 03 0 04 6 03 6 03 0 02 0 02 0 01 0 02 6 01
6 62 6 (3 5 62 563 5 62 5 52 6 60 5 60 5 40 6 60 5 49
6 41 6 42 641 642 5 41 6 41 539 6 30 5 80 639 5 30
6 37 688 6 87 688 5 38 588 630 6 80 5 36 5 30 5 35
6 87 638 6 87 538 6 37 5 87 630 630 536 535 585
Clos.
d.
5 62
6 62
600
601
602
5 50
5 80
536
535
BREADSTUFFS.
F r i d a y , P. M ., Ju n e 1 0 ,1 8 8 7 ,
31%
77.7
—
but firm ,
32
31%
3
3 1f%
%
31%
3 1%
Barley
31%
31%
3 1%
3 1%
31%
31%
3 }%
m a lt in fair demand at
The follow ing are the closing quotations :—
Tb© opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below, These
prices are on the basis of Uplands, Low Middling clause, iminffi»
otherwise stated.
_
[ Vol. XLLV,
FLOUR.
-----••--■’£ bbl. $2 50®$3 15 8 mth’n com. extras..$3 65®S4 15
Superfine.. . . . . . . . . . . . 2 90® 3 50 8 rathera bakers’ and
spring wheat extras. 3 40® 3 70
family br d a ..« bbl 4 25® 4 75
Uunn. clear and stra’t. 4 1 0 ® 4 65
Rye flour, superfine.. 2 80® 3 00
Wintershipp’gextras. 3 50® 3 85 Fine
2 20® 2 40
Winter X X A X X X .. 4 00® 4 75 C >ra meal—
P »tents........................ 4 4 0 » 5 00
Western, A c . . . . . . . . 2 40® 2 70
S rathern su p e r s...... 3 40® 3 60
B ran d yw in e........ 2 70® 2 75
GRAIN.
Wheat—
Rye—
Spring,per bush.
88 ® 83
State & Pa., 9 bush. 59 ® 63
Spring No. 2 . new
.... ® ....
Oats—M ixed................ 33 ® 36
Red winter, No. 2
97% a 99
White........................... 37% ®
41
Bed winter.........
90 » 100
No. 2 mixed................3 4 % »
35
W h it e ..... . . . . . . .
90
® 99
No. 2 w h ite ..............38 »
39
Oom—West, mixed
4 5 % » 48% Barley—Canada.................... ®
West. mix. No. 2 .
47% ® 48%
Two-rowed State........... ® ,
West, white.........
50 ®
55
Six-rowed State......... 9
West, yellow.......
47 ®
51
Malt—State, 6-roved. 80 ®
WhiteBouthern..
52
® 58
State, 2-rowed.......... 70 ®
Yellow Southern.
48
® 51
Canada........................ 85 ®
Peas—Canada.......... . . 6 5 ®
The movement of breadatufta to market is indicated in the
«tatements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the compara
tive movement for the week ending, Juae 4) 1887, and since
July 24, for each of the last three years:
Receipts at Chicago........
Milwaukee...
T oledo..........
Detroit.........
Cleveland...
St. Louis. ...
Peoria..........
Duluth.........
Tot. wk. ’87.
Same wk.’88.
Same wk.’85.
Since July Hi
1886-7.. ..
1 8 8 5 -0 .....
1884-5........
Flour.
Wheat.
Corn.
Oats.
Barley.
Rye.
Bbls.lWIbs Bush.bO lbs Buth.Se lbs Bush.82 lbs Bush AX lb* Bush.se Un
82,70« 1,831,774 1,425,114
874,010
52.220
9,im
48,116
110,225
13,000
45,900
20,415
5,760
2,800
120,048
30,135
3,980
1,000
800
3,971
98,001
0,169
18,400
5,333
4,900
40,661
27,200
33,812
42
64
19,841
179,538
319,195
86,995
5,400
586
1,000
13,000
159,900
190,100
8,400
4,950
40,582
438,873
209,985
179,293
110,655
2,344,722
1,093,730
1,252,458
1,979,713
2,387,002
2,003,135
1,259,803
2,202,720
1,708,508
92,819
175,030
120,078,
21,418
29,166
54,019
The market for wheat flour has been dull for the week
9,440,224 79,473,109 75,100,744 59,001,035 21,150,003 1,884,558
under review, and prices have been depressed, so much so
7,802,023 53,205,430 82.356,945 54,558,418 20,009,018 2,749,887
that some revision of quotations be comes necessary, especially
8,875,421 94,588,552 83,461,815 53,934,000 10,503,702 3,499,890
in the low grades which are not so eagerly taken for export.
The receipts of flour and grain at the seaboard ports for the
Rye flour, on the contrary, is dearer and corn meal rules steady.
The wheat market opened the week with an exceptional show week ended June 4, 1887, follow:
F lo u r,
W heat,
C orn ,
Oats, B a rley ,
Bye,
of-strength on the spot and for June contracts, the effect of
A t—
bbls.
bush.
bush.
bush.
bush
manipulation, in which the Western markets were leading; S e w Y o r k . . . . . 1 1 1 ,8 6 5 1,279,076 5 1 6 ,1 0 0 3 0 9 ,2 8 4
B o s t o n ..... . . . . 62,2 28
5 3 ,3 9 0
1 47,108
1 0 3 ,32 5
but the market has since been dull and weak. Foreign advices M
ontreal . . . . . . 1 7 ,2 03
1 83,311
7 5 ,9 5 0
5 1 ,6 5 6 1 3 ,8 5 4
2 5 ,8 4 4
1 1 1 ,3 0 6
have been less favorable and the export demand materially P h ila d e lp h ia .. . 17,488 2 7 7 ,9 5 6
B a lt im o r e ...... 5 0,5 06
275 ,74 1
1 79 ,03 7
4 5 ,3 5 0
curtailed thereby, while crop accounts improved and the sup R ich m on d .......... 1,450
5 ,0 4 4
3 3 ,1 0 0
1 3,908
1 7,2 06
plies of the old crop to be disposed of continued incon N ew O r le a n s ... 14,2 59 2 1 0 ,3 8 7 1 52 ,17 2
T o ta l w e e k ... 2 7 4 ,9 9 9 2 ,2 8 1,905 1 ,1 2 9 ,3 1 1
6 52 ,03 5 1 3 ,8 54 22,500
veniently large. It is believed that the Western bull party
Oor. w e e k ’ 8 6 .. 2 66 ,48 8 1 ,7 3 8 ,0 0 5 2 ,2 7 9 ,4 1 4 1 ,1 2 3 ,9 5 1 22,7 51 19,901
will make very heavy deliveries on July contracts, and regu
The total receipts at the same ports for the period from Jan,
lar buyers hold off in anticipation thereof. To-day there was
a quiet but irregular market; parcels on the spot and for 1 to June 4, 1887, compare as follows for four years:
1 88 7 .
*1886.
*1 88 5 .
*1994.
oarly delivery showed exceptional strength, but the later F l o u r . . . . . ..b b l s .
6 ,1 0 9 ,2 1 6
5 ,1 7 2 ,2 1 6
6 ,4 9 9 ,8 2 9
5,502,717
options were weak.
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
,
Sat.
M on.
Tues.
Wed.
Thurs.
J u n e d e liv e r y ........................ 9 7 ’s
99%
99%
9 8%
97%
J u ly d e liv e r y ........................ 9 5 %
96%
9 6%
95%
95
A u g u st d e liv e r y ................... 9 3 %
93 %
9 3%
92%
92%
S ep tem b er d e liv e ry ............. 9 3 %
93%
93
92%
91%
O c to b e r d e liv e r y .................. 93 %
94%
93%
9 3%
92%
N o v em b er d e liv e r y ............. 9 4 %
95%
94%
91%
9 3%
D e c e m b e r d e liv e r y ............. 9 5 %
96
95%
95%
94%
J a n u a ry d e l iv e r y ...........
96%
....
96%
95%
95%
M a y , 1888, d e liv e r y ........... l o l
101
100 % [ 100 %
99%
JV i
9 7%
95%
9178
91%
9 2%
9 3%
9 4%
95
99%
In d ia n corn has been depressed and unsettled. There has
been a fair export movement, but the offerings were sufficiently
free in view of the large visible supply. The offerings are
mainly No 9 mixed, received by canal, and prices of parcels
on the spot are somewhat unsettled. To-day the spot market
was weak and futures irregular.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
M on.
Tues.
Wed. Thurs.
4 7%
47%
47%
47%
47%
4 8%
48%
43%
43%
48
49%
49%
49%
49%
49
S ep tem b er d e b v e r y . . . . . . .
—
. . .7
50%
5
0 ~
5 00 °
4
9%
%
50
49
Fri.
47%
47%
49 %
W heat . . . . . b n s h .
C orn........................
O a t s ..... . . . .
B arley.................
B y e . . . . ..............
2 6,9 3 2 ,7 2 6
2 3 ,1 9 9 ,2 5 7
1 3 ,0 4 9 ,0 0 2
2 ,1 8 7 ,8 6 5
4 6 9 ,2 3 3
1 1 ,5 6 1 ,7 8 7
4 1 .3 6 5 .8 2 3
1 4,9 3 2 ,7 5 3
2 ,3 8 9 ,1 5 3
2 0 3 ,0 7 1
1 6,5 2 9 ,5 9 7
4 6 ,0 0 5 .5 5 0
1 4 ,8 7 8 ,9 2 2
2 ,3 0 5 ,9 6 9
6 01 ,59 8
14,849,611
23,102,265
10,940,260
2,379,403
2,174,475
T o ta l g r a in . . .
6 5 ,8 3 3 ,0 8 6
7 3 ,4 5 2 ,5 4 0
8 0 ,3 2 1 ,6 0 6
53,445,017
* In clu d e on e w e e k e x tra .
The exports from the several seaboard ports for the week
ending June 4, 1887, are shown in the annexed statement:
E xports
fro m —
Wheat.
C orn.
B ush.
1 ,6 0 8,36 2
3 9,8 j7
4 0 ,0 0 0
2 8 9 ,8 6 0
6 ,500
1 88 ,27 5
3 6 4 ,0 9 5
B ush .
3 6 5 ,5 8 3
T >t, w ’k 2 ,5 3 4,94 9
S n e tim e
1 8 8 6 .. . 2 ,0 8 7 ,9 3 3
4 7 5 ,3 2 2
8 30 ,19 2
N ew Y o r k
B o s t o n ...
N. N ew s..
M ontreal.
Pnuadel.
B altim ’r«
N O rl’ ns
R ioh m ’n d
2 8,7 83
3 1 ,3 5 3
4 9 ,5 3 3
570
F lo u r.
B bls.
3 9 ,7 07
12,7 09
4 ¡7 1 4
2 2 ,2 3 2
1 4,3 93
1 4,235
5 39
Oats.
B ye.
Peas.
B u sh .
2 ,142
B u sh .
1 3 ,2 70
Bush.
18
127 ,12 9
3 2 ,1 2 0
124,630
108 ,52 9
129 ,27 1
4 5 ,3 9 0
124,810
1 63 ,76 8
1 37 ,45 1
16,781
52,505
Oats have developed some irregularity. Prime grades for
prompt delivery have been taken more freely at advancing The destination of the exports is as below. We add the
prices,but the more distant futures were depressed throughout. corresponding period of last year for comparison.
J une
for week
to —
1886.
1887.
Week.
June 5.
Week,
June 4.
1 88 7 .
1886.
Week,
June 4.
Week.
June 5.
Bush.
Bush.
Bbls.
Bbls.
Corn.
Wheat.
Flour.
E xp orts
1 88 6
188 7 .
Week,
Week,
June 4. June 5.
Bush.
Bwh.
C ontin’ntl
B.& C.Arn
W . Ind ies
B rit, c o l ’s
Oth.o’n’ts
69.8 33
8,091
4 .2 0 3
9 ,9 6 5
15,863
584
1 32,652 1,1 1 0,95 3 1,231,873
850 ,07 4
3,0 3 5 1,414,389
5 ,9 8 6
3 ,1 2 5
8,1 7 8
1 0,204
8,314
6 ,5 0 0
1,3 6 5
3 1 9 ,3 2 0
1 3 4 ,56 9
17,452
3 ,038
1,200
244
5 6 5 .62 3
2 3 9 .6 8 6
18.941
3 ,- 7 7
40
2,6 2 5
T o ta l...
1 08.529
163,768 2 ,5 3 4.96 7 2 ,0 9 7,93 3
4 7 5 ,8 2 2
8 3 0 .1 9 2
Un.Klng.
By adding this week’s movement to our previous totals we
have the following statement of exports this season and last
season:
Wheat
Fkmr.
Cbm
Sept. 1,’S6. Sept. 1, ’85, Sept. 1,’86, Sept. 1, ’85, Sept. 1. ’86.
Exports to— to Jims
to June
to June
to June
to June
5. 1886. 4, 1887. 5, 1886. 4, 1887.
4, 1887.
Bush.
Bush.
Bush,
Bbls.
Bbls.
Un.Kingdom 5,202,148 8,492,708 32.211,022 14,030,287 20,690.502
110,848 26,355.347 9,304,366 0,047,141
406,138
Continent...
588,100
36,342
14,206
831.562
930,440
8. AC. A m ...
305,057
8,071
5,109
603,548
818,093
W est Indies.
34,109
435,687
13
400,706
Brit. Cormes
52,230
24,466
134,606
45,814
30,402
Oth. oonntr’s
T otal.........
7,504,033
Sept.1,’85,
to June
5, 1886
Bush.
32,555,144
15,710,580
945,877
247,107
75,353
54,647
5,888,705 58,740,378 23,300,795 30,816,328 40.588.678
The visible supply of grain, comprising the stocxs in granai y
at the principal points of accumulation at lake andseaboaid
ports, andin transit by water, June 4, 1887 :
Wheat,
bush.
2.425.790
364,100
1,000
539,531
In store at—
New Y o rk ....... .
Do afloat.........
A lbany.................
Buffalo..................
Chicago................. 15.202,521
Milwaukee...........
Barle}/,
bush.
6,850
72,026
213,035
B ye,
bush.
13,026
24.000
9.500
7,883
5,583,433 1,311,895
120,912
27,762
C om ,
bush.
922,906
174,700
24,000
754,908
26,962
1,489,957
Duluth___ . . . . . . .
T oledo..................
D e t r o i t ...... . . . . .
Oswego.................
Bt. L o u is..............
Do a flo a t......
Cincinnati...........
B osto n .................
T o r o n to ...... . . . .
M ontreal.............
Philadelphia.......
Peoria........... .
Indianapolis. . . . .
Kansas City. . . . . .
Baltimore . . . . . . .
M inneapolis. . . . . .
8,625,544
468,130
150,889
189,366
24.539
70,000
43,000
709,518 1,771,323
90.000
20,000
44.000
70,730
145,217
140,537
222,884
6,009
875,397
339,371
207.493
25,037
21.178
12 1,531
2 13 .68 2
32 0 .3 .4
128,906
6,025,594
Bt. P a u l...................
680,000
On M ississip p i...
73.300
On lakes......... .
1,947,390 1,089,796
On ca n a l & river. 1,800,000
9 ¿7,700
T ot.
T ot.
T ot
T ot
T ot.
Jane 4.
M ay 2 3 .
J u n e 5,
Ju n e 6,
June 7,
’8 7 .
’8 7 .
’86.
’«51
’8 4t
Oats,
bush.
272,015
16,057
11,635
16,463
25,758
3,908
158,595
61,000
236,220
21,663
80.521
108,597
488,251
15,750
12,589
11,361
39,930
1,100
22,481
36,500
2,381
8,066
2,408
4.219
20,735
7,000
6,862
31,952
23 952
8,779
728
.....
24,003
64,087
254,800
4 2 ,4 50 ,8 7 1 1 2 ,7 09 ,3 1 2 3 .4 5 3 ,3 2 7
4 3,2 1 2 ,5 2 0 1 3.073,611 3 .7 5 0 .2 6 8
3 3 ,4 65 ,9 4 6 8 ,8 6 1.32 2 3 .1 6 8 ,8 6 9
3 7,2 34 ,2 7 1 6 ,4 0 7 ,7 5 5 2 ,8 1 6 ,1 3 5
1 6,505,639 7 ,9 5 3 ,5 8 9 3 ,4 9 2 ,6 2 4
t M inn eapolis and St. P a u l n o t in clu d ed .
A g r ic u l t u r a l D e p a r t m e n t J u n e R
2 59 ,31 4
2 7 7 ,2 7 «
2 8 2 .6 0 0
215 ,76 8
8 8 6 ,2 4 6
1 9 4 .5 5 0
2 12 .56 5
2 95 ,49 2
2 1 0 ,0 0 9
3 14 ,99 8
*
—The report of
the Department of Agriculture for June 1 respecting cereal
crops was issued on June 10, as follows:
eport.
T h e June returns o f th e D ep a rtm en t o f A g ricu ltu re iu d ioa te a red u otio n o f n ea rly 2 p er ce n t in the area o f w in ter w h eat. C hanges in a cre
a g e o f States are v e r y slight, e x c e p t in K ansas, w h ere a red u ctio n o f 22
p e r cen t is rep orted , caused b y bad h a rvests an d lo w prioes. T he springw h eat area has been en la rg ed 6 p er ce n t from in crease o f im m igration
an d farm -m aking w es t o f the M ississippi in the d istricts tra v e rse d b y
N orthern Paeiflo R a ilroa d . M ost o f the in crease Is in D akota,
V ll0i, ori pi^ 8oaalD Creaae o f 2 4 Per cen t. T h e to ta l area o f w h e a t is
a bou t 3 7 ,0 00 ,0 0 0 acres, a fra ction o f 1 p e r c e n t m ore than that o f th e
p re v iou s crop . In co n d itio n o f w in ter w h ea t th ere is n o m arked
ch an ge, th e avera g e b ein g 84 9, a red u ction o f nine-tenths o f 1 p e r
- c e n t fo r May. In 1 8 *6 the J u n ea v era g e w a s92 -7 . R e p o r t s o f s h o rt straw
are v e r y num erous; In som e d istricts there are in d ica tion s that the y ie ld
o f grain w ill be la rger p rop ortion a tely than <f straw . I f th ere is no in
crease from th is cause, th e y ield m ust b e less than an avera g e. T he
h a rv est Is a lrea dy in p rog ress up to the th irty-eigh th degree o f n orth
Terr?rariA^wA«<i0nodl|l°a ° f aPriaS w h eat is g o o d in D a k o ta and th e
t« 68 w e? l ^Ta i d ’ b.ufc b ® !°w a v era g e record s in W iscon sin. M inneen’.si'
,T b e gen era l a v era g e fo r sp rin g w hear is
than’ h M ^ a i 18
t b a ? la. recen t yea rs b u t thirteen p oin ts h igh er
A t harve.-ting last y e a r th e con d ition a v era g ed 80. D r y
w e a th er in A p ril has been injurious to w in ter w h eat. Insects h a ve
com m itted greater d ep red a tion s than usual. T he cen tral b elt w e stw a rd
fro m P en n sylva n ia an d V irgin ia has suffered lo ca l d a m a g e fr o m the
*mdKMi8a8.a n d ^ CWncb b l lg h a s w r o u 3 h t in ju ry in Illin ois, M issouri
T he area o f w in ter ry e has been dim inished o v e r 6 p e r ce n t, m a in lv
w h eat, S M f , f i S S t S
m
T * ’
“ > »»
¿'
P'*f1<Jl lc p a vera g es 8 7 , being slig h tly a b o v e th a t o f w h eat.
is 1? 1n er
th e e x ten s ion o f oats cu lture. T h e in crease
v h p a ? in T ron ca o^ 8 cr o p has taken a p a rt o f th e area fo rm e rly in
ear T h ^ in p t^ ^ advanc? of,
P«r cen t o v e r th e a crea g e o f last
cenlaraen
?8 Ia i g e 111/ h e N orthw est, an d there is a te n d e n cy
«¿enlargement in. ail section s o f tlie cou n try.
11
30
THE
DRY
_
GOODS T R A D E .
N e w Y o r k , P rid a y , P . M ., J u n e 10, 188 7 .
There was a fair movement in dry goods on account of for
mer transactions the past week, but new business was only
moderate, most of the out-of-town buyers who attended the
763
T H E C H R O N IC L E
11, 1887. J
recent auction sale 3 having returned home as soon as they
were able to supply their pressing wants. For most descrip
tions of seasonable goods the demand was chiefly of a handto-mouth character, and light in the aggregate, but a very
fair trade was done in certain fall and winter fabrios for later
delivery. Although comparatively quiet—as usual at this
advanced stage of the season—the jobbing trade was probably
in excess of the corresponding period in former years, owing to
the numerous re-orders for staple and department goods whioh
were daily received by mail and wire. The main features of
the market are substantially unchanged. Domestio cotton
goods are very firmly held by the mill agents, as are most
descriptions of woolen goods, and foreign fabrics.of a staple
character are generally steady in prioe. Both jobbers and re
tailers are, as a rule, in good spirits and well pleased with the
outcome of the spring trade, which has been more than fairly
satisfactory in moet sections of the oountry.
D o m e s t i c C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending June 7 were 2,091 paok
ages, valued at $180,718. These shipments include 1,816
packages to China, 147 to South America, 876 to the West
Indies, 79 to Mexico, 72 to Europe, 21 to CentiaLAmerioa, 45
to British East Indies and 85 to all other countries. Since the
1st of January the exports aggregate 89,182 paokages, valued
at $5,216,468. Of this total China has had 49,914 packages
valued $2,847,900; and 15,961 packages, valued at $1,150,910,
have gone to South America. For the similar period of 1886
the exports to all porta reached 88,780 packages and in in 1885
were 70,206 packages. Agents continued to make liberal de
liveries of plain and colored cottons on acoount of back orders»
and a fair amount of new business was transacted by com
mission houses and large jobbers who cater for the wants of
package buyers. Prices ruled steady all along the line, and
an advance in bleached shirtings was led by “ Fruit-of-theLoom” which was marked up J^c. per yard, and subsequently
placed “ at value.” Brown and colored cottons were in steady
request and stocks are so well in hand that prices remain
firm. Print cloths were more active than the previous week
and dearer, extra 64x64s “ spots” having sold at 8%o.,while 56x
60s closed firm at 8 l-16o. Stocks last Saturday and for the
three previous years were as follows :
J u n e 4,
Stock o f P r in t Cloths—
1887.
H eld b y P ro v id e n ce m a n u f’rs. 1 1 6 ,0 0 0
F a ll R iv e r m a n u fa c tu r e r s ... 2 3 6 ,0 0 0
P ro v id e n ce s p e cu la to rs .......... 5 3 ,0 0 0
O u tside sp ecu la tors (e s t).......
5 0 ,0 0 0
T o ta l s to ck , (p ie c e s )............. 4 5 5 ,0 0 0
J u n e 5,
1886.
7 4 .0 0 0
6 9 .0 0 0
1 5 6 ,0 0 0
20.000
J u n e 6,
1885.
4 1 5 .0 0 0
3 7 5 .0 0 0
3 2 4 .0 0 0
2 7 5 .0 0 0
June 7 ,
188 4 .
2 9 5 .0 0 0
3 8 1 .0 0 0
2 8 5 .0 0 0
1 5 0 .0 0 0
3 1 9 ,0 0 0 1 ,4 1 9 ,0 0 0 1 ,0 9 1 ,0 0 0
Printed calicoes, other than fine sateens, were quiet in first
hands, and lawns and batistes were only in moderate demand,
but a good business was done in drees ginghams adapted to
the coming season, and fancy wash dress fabrics as seersuck
ers, crinkles, &c., continue 1 in fair request.
D o m e s t i c W o o l e n G o o d s . —Following the recent auction
sales there was a moderately good business in wool flannels,
and blankets have met with a fair share of attention from in
tending buyers. Wool and worsted dress goods were in steady
demand and leading makes are largely sold ahead for later de
livery. Jersey cloths and stockinettes were taken in fair quan
tities by manufacturers, and some makes have been advanced
from 73^ to 10 per cent, because of the recent rise in worsted
yarns. Kentucky jeans and satinets were quiet in demand $
but there was a fair movement in these goods in execution of
back orders, and prices remain firm. The demand for men’swear woolens, as cassimeres, trouserings, worsted suitings,
overcoat ings, &o., was more or leas disappointing, as has been
the case for some time past, but production has been so largely
curtailed of late, that stocks are not cumbersome as a rule,
and really meritorious fabrics are held with considerable firm
ness. Carpets were in pretty good demand, and a fair busi
ness in wool hosiery, heavy underwear and fancy knit woolens
was done by the commission houses.
F o r e i g n D r y G o o d s . —At first hands the demand for im
ported goods was quite moderate, and the jobbing trade was
light and irregular. Summer dress fabrics were distributed
in small parcels to a fair amount, but silks, satins and velvets
ruled quiet. Linen goods were in meagre demand, but steady
in price, and selections of laces and embroideries were seem
ingly governed by actual requirements.
Men’s-wear
woolens continued dull, and prices are very unsatisfactory in
seme instances. The offerings through the auction rooms
were small and unimportant, and but few more public sales
will be held this season.
T H E C H R O N IC LE .
764
[V
XU V ,
ol.
jBaufeB, jankers ati& gtofeers ffiwt of jÿm Igouh.
N E W ENGLAND.
Bank4 o f Buffalo,
Irving A . Evans & C o .,
B U FFALO , N. Y .
8 .8 . J e w e t t , Pres.
W m . C. Co r n w e l l , Cash’r.
BAN KERS A N D BROKERS,
Capital....83 00 ,0 00 I Hurplns......8490,000
This Bank has superior facilities for making Col
lections in and out o f the city on the most liberal
terms, and with careful attention to the best inter
ests o f Its correspondefats.
Co r r e sp o n d e n t s :—Importers’ & Traders’ Na
tional Bank and Chemical National Bank, New York;
Merchants’ Loan & Trust Co., Chicago; Union Bank
o f London, London.
J, B. A l e x a n d e r , Pres.
S A N A N T O N IO , T E X A S .
o l l e c t io n s
and
in v e s t m e n t s
W . T. B l a c k w e l l , Pres’t.
8T A T E
STREET,
ROSTON.
MEMBERS OF BOSTON, NEW YORK AND
P H IL A D E L P H IA STOCK EXCHANGES.
8to c k a a n d R o n d s B o u g h t a n d S old
in a l l M a r k e ts .
Brewster, Cobb
& Estabrook,
NO.
35
DURHAM ,
N . € .,
Pay Special Attention to Collections.
FIRST-CLASS FACILITIES.
New York Correspondents.—The National Park Bank
and Seventh W ard National Bank.
H il l ,
r . a . G ir a u d ,
V ice-Pres’t.
Cashier.
C O N G R E SS
G A .,
T H O M A S B R A N C H & CO.,
BANKERS AND
COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and Information on funding the debttot
Virginia and North Carolina free o f co s t; one-eight!
per cent charged fo r funding. Southern Railrotl
and State and City Bonds bought and sold.
B A L T IM O R E .
STREET,
W ilson, Colston & Co.,
BOSTON.
MTgMTtERR O F T H E
B OSTON STOC K
L . Hartridge,
S E C U R IT Y
B R O K E R .
Bays and sells on commission all classes o f Sto«ki
and Bonds.
Negotiates loans on marketable securities.
New York Quotations furnished by private tick*
every fifteen minutes,_________________________
BANKERS,
P. A . W i l e y , Cashier.
T h e Bank o f Durham ,
p.
53
m ade.
Correspondence Invited.
H . Ga r d e s ,
E.
President.
N o.
A.
SAVANN AH ,
A. A . A l e x a n d e r , Cash’r.
Texas N ational Bank,
1PW
C
SO U TH E R N .
B A N K S.
NEW Y O R K A N D
EXCH ANGES.
BAN KERS AND BROKERS,
(M em bers o f B a ltim o re S took E xchange),
B A L T IM O R E .
ALSO,
D e ale rs In M u n ic ip a l, S ta te, R a ilr o a d
a n d U n it e d S tates B o n d s .
J o sh u a W il b o u r ,
Ch a r l e s
Be n j a m in A . J a c k s o n , W il l ia m
h . Sh e l d o n , J r
b in n b y , Jr .
(INVESTMENT and SOUTHERN SECURITIES i
specialty.)
Correspondence solicited and information fa*
nished.
N. Y. Correspondents—McKim Brothers A Co.
Robert Garrett & Sons,
Commercial National Bank, W ilbour, Jackson & C o .,
BANKERS,
BANKERS AN D BROKERS,
HOUSTON, T E X A S .
C a p it a l,
8 4 0 0 ,0 0 0
Collections receive our special attention and are
promptly remitted for.
J . G .F letch er,} STATE BAN K, J C. T. Walker,
President. ( Incorporated 1875. J
Cashier.
Germ an N ation al Bank,
N o. 54
BANKERS
A . K . WALKER, Cashier.
AND B R O K E R S .
Dealers in Government, State, County, City and Rail
road Bonds, Bank Stocks, Ac.
esirable Investment Securities constantly on hand
'W I L M I N G T O N , N . C.
MERCHANTS’ NATIONAL
W ESTERN.
BANK,
R IC H M O N D , V IR G IN IA .
Collections made on all Southern points on best
terms; prompt returns.
JOHN P. BRANCH, President.
JOHN F. G l e n n , Cash. F r e d . R. Scott , Ylce-Pres’t
PENNSYLVANIA.
BAN KERS AND BROKERS,
N o . 3 9 S o u th T h ir d S t., P h ila d e lp h ia .
Railroad, Municipal and other desirable Invest
ment Securities for sale.
Transact a geporal banking business. Allow inter
est on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
Narr &
Ger lach,
R A N K E R S AND R R O K E R S ,
No. 437 C H E STN U T S T R E E T ,
P H IL A D E L P H IA .
Members o f the Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills o f Exchange and Letters of
Credit.
F . Keleher & C o .,
STR E E T,
S T . L O U IS .
Dealers in Western Securities and Local Bonds,
Stocks and prime Commercial Paper.
N.
W . Harris &
C o .,
CHICAGO and BOSTON.
D f l M n C o f Counties, Cities, Ac., o f high grade a
DUI NUo specialty. S e n d t o r D e s c r ip t iv e L i s t s .
SO U TH E R N .
R ea Bros. & C o .,
BAN KERS AND BROKERS,
AND D EALERS IN FOREIGN EXCHANGE,
495 W o o d Street, Pittsburg, P a.
MEMBERS
New Fork and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
PITTSRURG,
PA.
ATLANTA.
BROKER AND DEA LER IN A L L KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission;
Georgia and Alabama Securities specially dealt in.
Correspondents: Tobey A Kirk and A . Dutenhofer,
New York.
References : Atlanta National Bank, Atlanta, 8 s .,
and Fourth National Bank, New York.
C . W . Branch & C o .,
W hitn ey & Stephenson,
BANKERS A N D BROKERS.
St a t e B a n k B u il d in g
BAN KERS AND BROKERS,
AVENUE,
ldest Pittsburg members N.Y. Stock Exchange.
R IC H M O N D ,
Bonds of* Suretyship.
NO
O TH ER
B U S IN E S S .
The Guarantee Co.
Cash Capital........................................................ 130?,)*
Assets and R esou rces....................................■.. 830«
Deposit with Insurance D epartm ent.............
President:
Vice-President:
STB ALEX. T. GALT,
HON. JAB. FEKRI®
Managing D irector: E d w a r d R a w lin g s .
N EW YORK OFFICE:
NO. I l l
BROADW AY.
D. J . TOMPKINS, Secretary.
Ne w Y o r k D ire cto rs —Joseph W . Drexel, AM
Hopkins, H . V ictor Newoomp, John Paton, DM*
Torrance. Edw. F. W inslow, Erastus Wlman, F."l
Olcott and J. E. Pulsford.
F ID E L IT Y & C ASU ALTY CO,
Nos. 214 A 216 B R O A D W A Y , N EW YOBK.
Cash Capital, $250,000, Invested in U. S. Gov’t Bod.
$200,000 deposited with the N. Y. Ins. Dept, id
the protection o f Policy-holders.
Assets, January 1st, 1887, $578,105.
Officials o f Banks, Railroads and Express Cod'
ales, Managers,Secretaries,and Clerks o f PublioOW
panies, Institutions and Commerdal firms, oan odw>
BONDS OF S U R E T Y S H IP
Hum phreys Castlem an,
ESTABLISHED 1871.
N o. 57 F O U R T H
J f i u a t t t i a X Œ tfm p îm ije a
OF NORTH AMERICA.
ESTABLISHED 1871.
OLIVE
Sons,
H ave W estern Union wires in their offices, bj
means o f which imm ediate com m unication can bi
had with all com m ercial points in the country, k
p edal attention given to purchase and sale of Yiiginia Consols, T en-forties, Deferred and all lssis
o f the State, and to all classes o f Southern 8tits
City and Railway Securities. Correspondence «■
lotted.
Investment Bankers, Cleveland, Ohio.
317
AND
BANKERS,
A n d D e a le rs In G o v e r n m e n t s , Stockl
a n d I n v e s tm e n t S ec u rities,
Opposite Second St .,
3 4 SOUTH 8TREBT,
R A L T I M O R E ,
M D ,,
Sp e c ia l t ie s : Town County and City Bonds ¡L ake
Superior Iron Mtning Stocks, “ Republic ” “ Champion,” “ Cleveland’’ and “ Jackson.” St r e e t R a i l
w a y s —Denver City Street Railway Co., o f Denver,
Col.; Street Railway Co., o f Grand Rapids, Micmi
Metropolitan Street Railway, o f Toledo, Ohio,
P.
8T R E E T ,
TRAN SACT A G E N ERAL DOMESTIC
FOREIGN BANKING BUSINESS.
Chas. H . Potter & C o .,
E . W . Clark & C o .,
SOUTH
W m . Fisher &
1 8 6 M id d le S treet,
P O R T L A N D , M A IN E .
Collections made on all parts o f the United States.
7
B A L T IM O R E ,
Swan & Barrett,
Prom pt attention given to all business in our line.
N. Y . Co r r e sp o n d e n t s . - Importers’ A Traders’
National Bank and National Bank o f the Republic.
First N ation al Bank,
No.
STREET,
Dealers in Commercial Paper. Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private Telegraph W ire to New York and Boston.
L IT T L E R O C K , AR K AN SA S.
C a p ita l ( P a i d I n ) - - - - - 8 4 0 0 ,0 0 0
1 . B. BURRUSS, Pres’t.
W EYBOSSET
P R O V ID E N C E , R . I .
VA.
Private wires connecting with Washington Balti !
more, Philadelphia and New York
New York correspondents, Prlnoe A W hite!y
from this Company at moderate charges.
.J
The bonds o f this Company are accepted M
courts o f the various States
CASU ALTY D E P A R TM E N T.
Policies Issued against accidents causing death* I
totally disabling injuries.
.J
Full information as to details, rates, Ac., can "I
obtained at head office, or o f Company’s Agent«. I
W m . M. R ic h a r d s ,Prest. G eo . F. Se w a r d ,V -rwj
J ohn M. Cr a n e , Sec.
R o b t . J . H i l d a s , Asst.s#*
DIRECTORS:
a. „
Geo. S. Coe,
A B. Hull.
A lex. Mitchell
J S. T. Stranahan, H. A . Hurlbut, A . S. Barnes,
A lex. E. Orr,
J. D. Vermilye, J.G.McCujlow
G. G. Williams,
John L. Kiker, Thos. 8. Moo™
Geo. F. Seward,
W m. M. Richards-
George
Eustis
&
B A N K E R S .
C IN C IN N A T I, O H IO .
Co.J
Q x n s t
’g x u s t
ffig m y a n ig g *
Union Trust
OF N E W
C o m
ÿ t t B tt r g tt J C je .
p a n ie s .
Trust Co,
Com pany United States
O F N E W Y O R K . ____
YORK,
C a p ital a n d Surplus»^ - - - $ 6 ,0 0 0 ,0 0 «
. . . . . . .
* 1 ,0 0 0 ,0 0 0
C
- - - - - $ 2 , 5 0 0 ,0 0 0
Authorized to act m Executor, Administrator
Guardian, Receiver, or Trustee, and *■
A LEGAL DEPOSITORS' FOR MONET.
a nnAntft the transfer agency and registry o f stocks.
This com nan. is a legal depository fo r moneys psJJ
into S oM t a S i is authorized to act as guardian o>
trustee.
ALLOW ED ON DEPOSITS,
which may be made at ^ y ^ ^ S P ^ t o f ^ e r e r t f ^
thew holeU m e^hejrm ay remaln^wRh th e ^ m p a a y
Executors, administrators, or trustees o f estates
and fem ales unaccustomed to thetran M C tlon of busI
noaa as wpil is reliurtous and benevolent institutions
will ’find this company a convenient depository fo>
22“
livHN A STEW ART, President,
money.
w i l l I A M H . MACY, Vice-President
•
JAMES SgCLARK, Second Vice-Pros’
s v r p l d
S
Ä
o
îS S ^ n ° d e ^ s it e ,w h ic h m a y b e m a d é ^
T
Ä
r
tn,m°en â Ve
«
M
Æ
° <For^he' convenience o f depositors
also opens current accounts subject, ln aocordance
with its rules, to check at sight, a n d allowji_ interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
TRU8TEES:
Wm. White wright,
Jam esM . M ol«a n ,
ä
^ D ' W o o d SeU’
Jam esILPlatt,
D. C. Hays,
"”
h
.°o
ä
-
■
I: H. Frothingham,
O ^ A .^ v is ,
Ç. Vanderbilt,
C h arT esT Ä n d,
E K w fe
J . 'B . J o h Ä
D. H. Mc Alpin,
Edward Schell,
Geo rue B. Oarhart,
Am asaJ. Parker,
Chsuncey M Depew,
Samuel F. Barger,
Robert Lenox Kennedy, Geo. C. Magoun.
EXECUTIVE COMMITTEE :
Wm. Whitewright,
G. G. Williams,
James McLean,
Ç ' Ç." ^?re s Sy’
Geo. C. Magoun,
Ç. D. W ood,
D. C. Hays,
A . C. Kingsland.
E D W ARD KING, President.
JAMES M. MCLEAN, First y ice-P res’t.
JAMES H.O GILVIE, Second Vice-Pres’t.
A . O RONAI.DSON, Secretary.
A . W. KELLEY, Assistant Secretary.
Mercantile Trust & Deposit
COMPANY, OF
B A L T IM O R E .
Capital. •
Authorized Capitai,
8500,000
S ii,0 0 0 , 0 0 0
Authorised to act as Executor, Administrator,
Guardian, Receiver, or Trustee, nnU is
A LEGAL DEPOSITORY FOR MONEY.
Accepts the transfer agency and registry o f stocks
and acts as Trustee o f mortgages or corporations.
Takes charge o f property, collects and remits in
terest and Income promptly, and discharges faith
fully the duties o f every trust known to the law.
Money received on deposit. All Trust Assets kept
separate from those o f the Company.
Burglar-proof Safes and Boxes (having chrome
steel doors) to rent a t$10 to $100 per annum in their
new and elegant chrome steel BIRR AND BURG
LAR-PROO F VAU LTS, protected by Improved
Time Locks.
.
_
Wills kept In vaults without charge. Bonds and
tocks, Plate and all Valuables securely kept under
uarantee at moderate charges. Paintings, Statu
ary, Bronzes, etc., kept In tire-proof vaults.
JOHN G ILL, W . W . SPENCE,
L. C. FISCHER
President.
Vice-Pres’t.
Treas. A Sec.
W . W . Spence,
Christian Devri es
C.Mort’n Stewart
Robert Garrett
Chas. D. Fisher,
Geo. P. Thomas,
O. H . Williams,
Andrew Reid,
The
Di r e c t o r s :
Louis McLane,
Robert Lehr,
W. A. Tucker,
Jas. Carey Coale,
Oliver A.Parker,
W. H.Whitridge,
J. A. Hambleton,
Thos. Deford.
John E. H orst,
Stewart Brown.
W . H . Blackford,
B. A. Jenkins,
Bernard Cahn,
J. W illcox Brown,
A lex. Frank,
John Gill.
Union Trust C o .,
611 AND 613 CHESTNUT STREET,
P H IL A D E L P H IA .
Authorized Capital..........................................$1,000,000
Pald-np Capital ....................................... ....... 500,000
Acts as Executor, Administrator, Assignee, eto.
and executes trusts o f every description znown to
the law.
AU trust assets kept separate from those of the Com
pany.
a Burglar-Proof 8afes to rent at $5 to $50 per annum.
Wills kept In vaults without charge.
Bonds, Stocks and other valuables taken under
guarantee.
Repository for Western Mortgage loans, bearing 6
and 7 per cent Interest. Principal and interest guar
anteed.
Mv,ney received on deposit at interest.
JAS. LONG, Pres’t. JOHN G. READING, V .-P rest.
MAHLON S. 8TO K K8, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
DIRECTORS.
James Long,
]Alfred S.Gillett, Joseph Wright,
C.P.Tumer, M.D. Wm. 8. Price,
John T. Monroe,
W. J . Nead,
Thos. R. Patton, i. U. Reading,
Wm. H. Lucas, O.H.Agnew, M.f fos. I. Keefe,
R o b t Patterson, Theo. C. En*t 1, Jacob Nayler,
Thos. G. Hood, JEdw’d L . Perkin. Vtlliam Watson,
Samuel Riddle. G len R id d l e , Pa.; Dr. George W.
Reily, H a r r i s bu rg , Pa. J. Simpson Africa, H unt
in g d o n ; Henry S. Eckert, R e a d in g ; Edmond 8.
Doty, Mieplin town ; W. W. H. Davis, D o y l e s I o w n ; R. E. Monaghan, W est Ch e st e r .
Metropolitan Trust C o .,
M il l s B u il d in g , 35 W a l l St ., N e w Y o r k .
PA ,D " 1 P C A P IT A L , - -
$ 1 ,0 0 0 .0 0 0
Designated as a legal depository by order o f
Supreme Oiurt. Receive deposits o f money on
interest, act as fiscal or transier agent, or trustee
lo r corporations, and accep and execute any legal
trusts irom persons nr corporations, on as favorable
terms as other similar companies.
nw ui
c StQ, President,
CHARLES $L-J1^ ' u p :i S e ^ ; e8ident-
The U nited States L ife
Insurance C o .
No. 4 9 W A L L S T R E E T .
78 Broadway, cor. R ector S t , N. T.
“ Ä
71.
THE CHRONICLE
11, 1887.]
June
TRUSTEES:
Dan. H . Arnold, D. Willis James,]Robt.B.Mlntnrn,
Thos. Slocomb, J ch n J .A sto r,
Geo. H . Warren,
Charles E. Bill, Joi*n A . Stewart, George Bliss,
Wilson G. Hunt, S.M.Buoki’gham, William Llbbey,
Wm. H. Macy,
H. E. Lawrence, John C. Brown,
Clinton Gilbert, Isaac N. Phelps, Edward Cooper,
Daniel D. Lord, Brastus Corning, W .Bay’rdCuttlng
Samuel Sloan, S. B. Chittenden, Chas. S. Smith,
James Low,
John H. Rhoades, W m.Rockefeller,
Wm. W .Phelps, Anson P. Stokes, A lex. E. Orr.
H EN RY L. THORNELL, Secretary.
LOUIS G. H AMPTON. Assistant Secretary.
American Loan & Trust Co,
113 BROADW AY, NEW YO R K .
Capital, Fully Paid......................81 ,000,000
THIS COMPANY TRANSACTS A GEN ERAL
LOAN, TRUST AND FIN AN CIAL BUSINESS.
Receives Money on Deposit subject to check, and
allows Interest on balances.
A ll Checks pass through the Clearing-house.
MAKES INVESTMENTS OF MONEY.
ACTS AS EXECUTOR, ADM INISTRATOR,
GU ARDIAN , TRUSTEE, ETC.
ALSO, AS R EG ISTRAR AND TRAN SFER AGENT.
An Authorized Depository fo r Court and
County Treasurers’ Fund.
ROW LAND N. H A ZA R D , President.
GEORGE S. H A R T , Vice-President.
W IL L IA M D. SNOW. Secretary.
JAMES S. THURSTON,Treasurer.
DIRECTORS:
G eorge H. P o tts ,
W a lla ce c. A n drew s,
J oh n L. Ma c a u l a y ,
I r a Da v e n p o r t ,
Jam es m . Va h n u m ,
W il l ia m d . Sn o w ,
J ohn I. B l a i r ,
J ohn d . K im m e y ,
Ed w a r d F. Br o w n in g , F r e d e r ic A . P o tts ,
R o w l a n d N. H a z a r d , J ohn R oss ,
G eo rg e S. H a r t ,
A l e x a n d e r G. B l a c k
W m . B. D in sm o r e ,
F r a n k C. H o l l in s ,
E l ia s L e w is , j r .,
T h o m a s L. W atso n ,
J u le s A l d ig é ,
E l ia s C. B e n e d ic t ,
Ste v e n so n B u r k e ,
W il l ia m p . A n d e r so n .
Estate Trust
Co.
OF P H IL A D E L P H IA ,
No. 1340 Chestnut Street.
CAPITAL,
C IT Y
OF N E W
YORK.
(ORGANIZED IN I860.)
1, 262
& 26 3
Broadway, New Y ork
G. H . BURFORD, President,
0. P. F r a l e ig h , Sec’y. A . W h e e l w r ig h t , Azs’t s«o
W m . T. St a n d e n , Actuary.
ah the profits belong to the Policy-holders exclu
sively.
AU PoUotes issued by this Company are INDIA
a b l e after three years.
AU Death Claims paid w it h o u t disc ou n t
as satisfactory proofs have been received.
This Company Issues all forms o f iosurano
eluding Tontine and Limited (Non-Forfeiting) Ton
tine.
One month’s grace aUowed in the payment
Premiums on Tontine Polloles, and ten days’ grac
on all others, the Insurance remaining In full force
during the grace.
Absolute seourlty, oomblned with the largest Uber
ality, assures the popularity and snooess o f this oom
pany.
GOOD AGENTS, desiring to represent the Com
pany, re invited to address J. S. GAFFNEY, Super
Intan dent o f Agencies, at Home Office.
THE
EQUITABLE LIFE
ASSU RA N CE
S O C IE T Y .
In S urplus (namely the excess
o f accumulated funds over liabili
ties), in P remium I ncome, in the
amount o f A ssurance in F orce, the
Equitable Life Assurance Society ex«
ceeds every other life assurance com
pany, and may be regarded as the
largest and strongest organization of
its kind in the world.
i;
Assets, January 1, 1887......... $75,510,473.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis.. . $16,355,875.76
,
.A— J
New Assurance in 1886.... $111,540,208.00
Outstanding Assurance..., $411,779,098.00
THE
Real
IN T H E
U N IO N
Life Insurance Com pany
8500,000
Receives deposits o f money payable by check and
allows interest thereon: also receives for safe
keeping securities and other valuables, and
rents safe deposit boxes In burglar-proof
vaults.
Receives Trusts o f every description, acting as
executor, administrator, assignee, etc., and
executing surety fo r the faithful performance
o f any trust or office.
A cts as Agent or Attorney fo r the sale or manage
ment o f real estate, and insures titles to real
estate and mortgages.
OFFICERS:
President—FRAN K K. H IPPLE.
Secretary—W ILLIAM R. PH ILLE R.
Treasurer—W ILLIAM F. NORTH.
Real Estate Officer—THOMAS B. PROSSER.
DIRECTORS:
Frank K, Hippie,
George Philler,
Henry C. Gibson,.
Edward T. Steel,
Lemuel Coffin,
Charles W. Henry,
Beauveuu Bane,
John F. Betz,
William M. Singerly.
Thomas Dolan,
John Wanamaker,
R. Dale Benson.
Solicitor—GEORGE J UNKIN.
PO RTLAN D ,
JO HN
E.
Cor. o f Montague and Clinton Sts., Brooklyn, N.Y.
This company is authorized by special charter to
act as receiver, trustee, guardian, executor or admin
istrator.
It can act as agent in the sale or management o f
real estate, oollect interest or dividends, receive re
gistry and transfer books, or make purchase and sale
o f Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction o f business, will
And this Company a safe and convenient depository
for money, R IP L E Y ROPES. President.
EDMUND W.CORLJLRS, Vloe-Pres’t.
TRUSTEES:
Joslah O. Low,
E. F. Know Iton, H*y K. Sheldon.
A le x M. White, J o h n T . Martin, C .D . Wood,
A. A. Low,
Fred. Cromwell, Wm. H. Male,
Alex. McCne,
John P. Kolfe,
Ripley Ropes,
« fc h ’l Chauncey, E. W. Corlies.
Abram B. Baylis,
Wm. B, Kendall.lH. E. Plerrepont,]H. W, Maxwell,
____
J a m e s Ross C u r r a n , Secretary.
* r e d e r ic k C. Colton , Asst, tieo’ v
M A IN E .
DE W IT T ,
P r e s id e n t.
ORGANIZED 1840.
Write to the Company or Its Agents for circular
explaining
The
M a in e
LOSSES
P A ID
N o u -F o r fe it are
Law .
PROM PTLY AND W ITH OU T
DISCOUNT.
The Company is strong, reUable and popular; and
sues a variety o f policies suited to the dlfferents
roumstances o f insurers
jBtjeamsfcips.
O N L Ï
Direct Line to
France.
G ENERAL T R A N SA TLA N TIC CO.
B e tw e e n N E W
T h e Brooklyn Trust C o .,
M UTUAL
Y O R K and H A V R E ,
From Pier (new; 42, North River, fo o t o f Morton St.
LA NORMANDIE, de Kersabiec,Sat., June 11,9 A M .
L A BKM.TAGN «1. de Juus.euu...8ai.. Juae 18, 3 P. M.
L A BOURGOGNE, Frangeul... Sat., June 25,8 A M
Traveler, oy u u . uue avoid uowi braa.it ay augnsn
railway and tne discomforts o f crossing the Channel
in a small ooat.
P ric e o r Pa s s a g e (Including wine):—To H a v r e First cabin, $100 and $80: secoad cabin, $60: steer
ige, $22—including wine, bedding and uteuziis. Ba
tura tickets at much reduced rates. CaeoxsouBanque
Transatlantic ue, Havre and Paris,in amount to so it.
ip e e ia l T r a in fr o m
H a v r e to
P a ri«
Tne Compagnie Generate Traosatlantlque delivers
it its office in New fo rk special train tickets from
Gavre to Paris. Baggage cneoced tnrougn to Parts
without examination at Havre, provided passengers
nave tne same delivered at tne Company’s dock in
Sew York, Pier 4 Nortn River, foot o f Morton Stn
*t least two hour before tne departure o f a steamer.
LO U IN D E B S 0 U A I , A g e n t,
N o. 8 B o vu n g G r tfi,
THE
T ill
CH RO N ICLED
OL. XLTV,
«an ad ian an« fforrtgu JBanlss aw« ®antters.
CANADIAN.
Bank o f M ontreal.
0 . F. 8MITHER8, President.
W. J. BUCHANAN, General Manager.
N E W . FORK
59
<Bc 6 1
(LIM ITE D ),
O F F IC E :
W ALL
B A N K
B U IL D IN G S
LONDON, ENGLAND.
STREET,
WALTER WATSON, 1 ¿ . „ j .
A l e x ’r l a n o ,
j A g e c i®'
C a p ita l P a id
OF
THB
Overdrafts, as per schedule..................
R ailw ay Share T ru st C o.
N o. 4
REPORT
Vat BANK OF TH E STATE OF NEW YORK, on
the morniDg o f Saturday, the 4th day o f June, 1887:
RESOURCES.
Loans and discounts, as per schedule... $4,024,440 05
THE
C A P IT A L , - - $ 1 2 ,0 0 0 ,0 0 0 G o ld .
S U R P L U S , . . . . $ 6 ,0 0 0 ,0 0 0 G o ld .
N o*.
(Q U A R T E R L Y
F O R E IO N .
U p , £ 9 7 1 ,3 6 0
S te rlin g
Buy an« Sell Sterling Exchange, Francs and Cable
Transfers j grant Commercial and Travelers’ Credits
available In any part o f the W orld j Issue drafts on,
This Company undertakes the business o f Trustee
nd make Collections In, Chicago and throughout the
Dominion o f Canada.
to Loans o f approved Railways, negotiates and
8 95
Due from trust com
panies. State and Na
tional banks, as pr schd. $100,831 33
Due from private bankers
A brokers, as pr s ch d ....
1,362 66— 102,163 69
Banking house and lot, as pr. sched......
264,000 00
Bonds and mortgages, as per schedule.
30,000 00
Stocks and bonds, as per schedule..........
21,544 50
Specie................................................. ........
634,037 49
U. S. legal tender notes and circulating
notes o f national banks...............................
162.81800
Cash Items, v iz .:
Bills and checks fo r the
next day’s exchanges.$10,381,026 67
Other Items carried as
cash, as per schedule..
4,187 64—10,385,214 31
Loss and expenses, viz :
Current expenses................... ^ .............
6,678 28
LIABILITIES.
$15,660,935 57
Capital stock paid in, in cash......................... $1,200,00000
Surplus fund.....................................................
300,00000
Undivided profits, viz.:
$1,327 17
Discount.............................
Exchange...........................
108 14
Interest..............................
19 507 64
issues Loans on the London Market, acts as A gent for
L o n d o n Office. N o . 2 2 A beli urei» L a n e .
Other profits.......... ..........
110,893 6 9 - 131,836 64
Railways and other Corporations, either in the mat Due depositors as follows, viz.:
Deposits subject to check.$4,081,355 22
Demand ctfs. o f deposit..
18,479 70
ter o f payments o f Interest on Loans, Dividends on
Certified checks................. 9,846,478 55-18,949,818 5®
Due trust comp’s, State and
or Registration o f Stocks In London, or otherwise.
nat’l banks, as pr schedule
59,570 38
Due private bankers and
C A P I T A L (p a id u p ), - - $ 1 ,5 0 0 ,0 0 0
brokers, as per schedule..
4,539 79— 64,110 17
SURPLU S, . . . . . . .
$ 5 0 0 ,0 0 0
Cable Address—P a YY, L o n d o n .
Unpaid dividends..................................... .
5,675 20
H . 8. HOW LAN D, Pres’t. D. R . W IL K IE , Cashier.
$15.650,935 57
State
o
f
New
York,
City
and
County
o
f
New
York,
ss.t
H E A D O F F IC E , TO R O N TO .
R. L. EDW ARDS, President, and JOHN H .
BRANCHE8 IN ONTARIO.
ROLSTON. Cashier o f the Bank o f the State o f
Essex Centre.
Niagara Falls. Toronto.
New York, a bank located and doing business at Nos.
Fergus.
Port Colborne. Toronto, Tonge St.
83 and 35 William St., in the city o f New York, in
Galt.
St. Catharines. Welland,
LONDON, EN G LAN D .
said county, being duly sworn, each for himself, saith
ngersoll.
St. Thomas.
W oodstock.
that the foregoing report, with the schedule accom
BRANCHES IN NORTHWEST.
panying the same, is in all respects a true statement
N e g o t ia t e Railway, State and City loans.
Winnipeg.
Brandon.
Calgary.
o f the condition o f the said bank before the transac
E x e c u t e orders fo r Bonds, Shares, etc., on Com tion
o f any business on the 4th day o f June,
L l o ^ ! Barnett“sdA Bos-1 Agents in New York :
mission, and transact a general Banking and 1887, to the best o f his knowledge and b e lie f; ana
a S jn é l’f l a i * ! limited, I B a n k of M o n t r e a l ,
they further say that the business o f said bank has
Commission Business.
Promptest attention paid to collections payable in
been transacted at the location named, and not
S p e c ia l a t t e n t io n given to the execution o f elsewhere; and that the above report is made in
ny part o f Canada.
Approved Canadian business paper discounted at
orders fo r Securities on the New Fork, Lon compliance with an official notice received from th e
the Head Office on reasonable terms, and proceeds
Superintendent o f the Banking Department desig
don and Amsterdam Exchanges, in corres nating
remitted by draft on New York.
Saturday the 4th day o f June, 1887, as the
I Dealers in American Cur’y and Sterling Exchange.
pondence with
day on which such report shall be made.
R. L. EDW ARDS, President.
JNO. H. ROLSTON. Cashier.
B L A K E B R O T H E R S & CO.,
Severally subscribed and sworn to by both depo
nents,
the
6th
day
o
f June, 1887, before me.
1 8 W a l l S treet, N e w Y o r k ,
H a n so n C. G ib so n , Notary Publio, N.Y.Countv
Imperial Bank o f Canada
Blake, Boissevain & C o .,
M erchants’ Bank
28
S tate S treet, B o s t o n , MEass,
OF CANADA.
Capital, » • • $5,799,200 Paid Up
R e s e r v e , .......................... $1,500,000
A D O L P H BO ISSEVAIN & CO.
({President, A N D RE W A LLA N , Esq.
Yloe-Presldent, ROBERT ANDERSON, Esq
_________ A m s te r d a m , H o ll a n d .
HEAD
AND
g ix M
O F F IC E , M O N T R E A L .
GEORGE HAGU E, General Manager.
W . N. ANDERSON, Branch Superintendent.
BANKERS
LONDON, ENG.—The Clydesdale Bank (Limited.)
N E W YO RK—The Bank o f New York, N. B. A .
The New York Agency buys and sells Sterling Ex
change, Cable Transfers, issues credits available In
all parts o f the world ; makes collections in Canada
and elsewhere and Issues drafts payable at any o f
the offices o f the bank In Canada. Every descrip
tion o f foreign banking business undertaken.
R e w K o r k A g e n c y , N o . 6 1 W a l l Street.
H E N R Y HAGU E,
JOHN B. H A R R IS, JR., J Agents.
AGENCY
OF
THE,
B a n k
or
B ritish N orth A merica,
No. 52
W ALL
STREET.
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
Also on Canada, British Columbia and San Francisco.
C I R C U L A R N O T E S Issued In Pounds Sterling
available In all parts o f the world. C O M M E I t CIAJL C R E D I T S IS S U E D for use In Europe,
China, Japan, East and W est indies and the Brazils.
River Plate, &c.
’
Bills collected and other hanking business trans
acted.
D. A . M cTAV ISH ,
•Agents.
H . STIKEMAN,
F O R E IG N .
THE
A n g l o-Californian Bank
(LIMITED).
Heinem ann &
C o .,
62 Gresham House, E. C.,
R E A D Y J U L Y 12.
H A N D -B O O K
[OF
Railroad Securities.
LONDON.
JU LY, 1887.
Solicit accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable term s! also orders fo r the pur
chase and sale o f Bonds, Shares, Ac., Ac. on
the Stock Exohange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank o f England rate, and
one per . cent below that rate subject to
demand drafts.
Negotiate Railway, State and City Loans.
The Bank o f Australasia.
(Incorporated bv Royal Charter, 1835.)
4 T k r e a d n e e d l e S tr e e t , L o n d o n .
Paid-up C a p it a l,...................- £1,6C0,000
Reserve Fund, . . . . . . .
800,000
Reserve Liability o f Proprietors
under the Charter - - - - 1,600,000
Letters o f Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent fo r collection.
Telegraphic transfers made.
Deposits received in London at Interest fo r fixed
periods, on terms which may be ascertained on acplicatlon.
PR1D EAU X SELBY. Secretary.
H o n g K o n g & Shanghai
B A N K IN G
C O R P O R A T IO N .
Paid-up Capital.................................................$7,500,000
Reserve Fund................................................. 4.500,000
Reserve Liability o f Proprietors................ 7,500,000
The Corporation grant Drafts, Issue Letters o f
Creuit for use o f Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore.
Saigon, Manila, H ong Kong, Foochow, Amoy.
Ningpo, Shanghai, Hankow, Yokohama, H iogo. San
Francisco and London.
L O N D O N , Head Office, 3 Angel Court.
B A N F R A N C I S C O Office, 422 California St.
N E W Y O R K Correspondents,
J. & W . Seligman & Co.
B O S T O N Correspond’ts, Massachusetts N. B k. A . M . T O W N S E N D , A g e n t , 5 0 W a l l S t r e e t .
A u th o r iz e d C a p it a l, - $ 6 , 000,000
P a id -u p C a p ita l, - - 1 ,5 0 0 ,0 0 0
R eserve F u n d , - - - v 4 0 0 ,0 0 0
Transact a general banking business. Issue Commercial credits and Bills o f Exchange, available In all
parts o f the world. Collections and orders for Bonds
Stocks, etc.,.executed upon the m ost favorable terms
f‘
FB ED ’K F . LOW ,
>
IGN ATZ STEINHART, J Managers,
L P . N. L ILE N TH A L, Cashier. ^
“
t c a t it ft t s .
STEEL! PEN S
IJCCOlffHALFARIJ EXPOSITiOlMirâ.
1TYHE MOST PERFECT OF PENS
Price in Bed Leather Covers, - ■ $1 00
To Subscribers of the Chronicle,
75
CONTENTS.
Railroad Seenrities.—
A D escription op the Stocks and B onds ,
and a Statement of th e I ncome f o r
fo u r yea rs p a st, as w e ll as th e annual
ch a rg e s a gainst in com e, o f a ll R a ilro a d s
w h ose secu rities are co m m o n ly so ld in th e
m arkets o f N e w Y o rk , B oston, P h ila d e lp h ia
a n d B altim ore, j
Highest and Lowest Prices, Monthly.—
U nited States Se c u r it ie s - F o r the year
1 88 6 an d to J u ly in 1887.
R a il ro ad B onds and Stocks in N e w Y o r k
— F o r th e y e a r 1 88 6 and to J u ly in 188 7 .
R ail r o a d B onds and Stocks in B oston F op th e y e a r 188 6 and to J u ly in 1887.
R a il r o a d and Can al B onds and Stocks in
P h ilad el ph ia —F o r th e y e a r 188 6 a n d t o
J u ly in 1887.
R a il r o a d B onds and Stocks in B alt im o re
—F o r th e y e a r 188 6 and to J u ly in 1887.
Ten Tear Range of Prices—
Y e a r l y R ange of A ctive S tocks —D a te o f
h ig h e st and lo w e s t p rice s m a d e in th e y e a rs
1 87 8 to 1886—in clu siv e , and fo r th e s ix
m o n th s, J a n u a ry to J u ly , in 1887.
Diridends.—
D ividends
on R a il r o a d Stocks s o ld at
th e E x ch a n g e s in N ew Y o rk , B o sto n ,
P h ila d elp h ia an d B altim ore, p a id dim ing
e a ch o f th e s ix yea rs, 1881 t o 188 6 , in
clu siv e , a n d to J u ly in 1887.
Railroad Earnings.—
G ross and N et E arnings so far as reported
in 1 8 8 7 , in comparison with the corres
ponding period o f 188 6 .
fci --------
W IL L IA M
3S
t
B . » A N A & C O .,
1 0 2 ¿ .W IL L IA M ^ S T R E E T ,
NEW
YORKr
a
J u n e 11, 1 8 8 7 .];
T H E C H R O N IC L E
%USUVKUtZ.
I P t fs c e lla t t e m
Crenshaw &
Sawit faults.
t s .
Wisner,
1 6 A 1 8 E x c h a n g e P la c e , N e w Y o r k ,
OFFICE OF THE
ix
COMMISSION M ERC H AN TS,
HERRING & CO.,
Members o f the Cotton, Coffee and Produce Kxch’» .
AGENCY OV
A T L A N T I C
THE HAXALL CRENSHAW CO.,
R IC H M O N D , V A .
Standard Brands o f Flour fo r Shipment to Warm
Climates always on hand.
M utual Insurance
C o .,
ORIENT GUANO MANUFACT’G CO.,
O R IE N T , L . I .
Standard Superphosphates.
NEW YO R K , January 2 4 , 1 8 8 7 .
The Trustees, in conform ity to the Charter o:
the Company, submit the follow ing Statement
of its affairs on the 3 l B t December, 1 8 8 6 :
Premiums on Marine Risks from
1st January, 1 8 8 6 , to 3 1 s t
December, 1886.......................... $3,809,250 53
Premiums on Policies not marked
ofl 1st January, 1886................ 1,426,049 46
Total Marine Prem ium s......... $5,235,299 99
Premiums marked off from 1st
January, 1886, to 31st Decem
ber, 1886....................................... $3,817,699 86
Losses paid during the same
period.............................................$2,206,588 68
Returns o f Premiums and E x
penses...................................
SULPHUR HINES COMPANY
OF V IR G IN IA .
High Grade Pyrites free from Arsenic.
Brinckerhoff, Turner
& C o .,
Manufacturers and Dealers In
C O T T O N S A IL D U C R
OOTTON CANVAS, FELTING DUCK, n a a
COVERING, BAGGING, RAVENS DUCK, b a it ,
TWINES, AC., “ ONTARIO” SEAMLESS
BAGS, “ AW NING STRIPES,
Also, Agents
U N IT E D S T A T E S B U N T I N G CO.
$841,378 15
Am ount..................................... $12,444,511 69
SIX P E R CENT INTEREST on the outstand
ing certificates o f profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the lBt o f February next
THE OUTSTANDING CERTIFICATES of
the issue o f 1882 will be redeem ed and paid to
the holders thereof, or their legal representa
tives,on and after Tuesday, the 1st o f February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time o f payment and canceled.
A DIVIDEN D OF F O R TY P E R CENT is
declared on the net earned premiums o f the
Company, fo r the year ending 31st December,
1886, for which certificates w ill be issued on
and after Tuesday, the 3d o f M ay next.
B y order o f the Board,
J* H , C H A P M A N , S ecreta ry.
TH E OLDEST IN AM E RIC A.
Nos. 251 and 252 Broadway, New York.
N o . 1 0 9 D u a n e Street.
S T . L O U IS , M o .
M an u fa ctu re rs of P u re J u te B a g g la g ,
IMPORTERS OP
IR O N
COTTON
T IE S.
B l i s s , F a b y a n & C o .,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEAD ING BRAND8
B R O W N & B L E A C H E D S H IR T IN G S
A N D S H E E T IN G S ,
PRINTS. DENIMS, TICKS, DUCKS. AO.
JOHN D. JONES, President.
W. H. H. MOORE, Vice-President.
A. A . RAVEN, 2d_Vioe-Pre8>t
Robert Tannahill & C o .,
Cotton Commission Merchants,
C o tto n E x c h a n g e It u tid in g , N e w Y o r k .
Special attention given to the purohase and sale o f
FUTURE CONTRACTS
In New York and Liverpool.
Jo h n 1 . B u l l a r d .
COTTON COMMISSION MERCHANTS
NEW YORK.
ALSO
D rills, Sheetings, <êc, f o r E x p o rt Trade.
B A G G IN G
ESTABLISHED 185?.
E u g e n e R . C o le,
S T A T IO N E R
H b n b y H . W h k blrr ,
Bullard & W heeler,
T o w e ls ,Q u ilt s , W h i t e G o o d s A H o s ie r y
AND
IR O N
T IE S ,
(FOR BALIN G COTTON).
Advances made on Cotton Consignments and Speola
c o n t Aa c Î s o f
V otton!
sale of i 'ü!™
AND P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Corpo
rations with complete outfits o f Account Books and
Stationery
W New ooncerns organising will have their orders
promptly executed.
No. 1 W IL L IA M S T R E E T ,
Dennis Perkins &
C o .,
COTTON BROKERS,
1 2 5 P e a r l Street, N e w Y o r k .
Orders fo r Spot Cotton and Futures promptly
executed.
(HANOVER SQUARE.)
W alter
T R U S T E E S :
William u Morgan,
Charles H. Marshall,
Frederick H. Cossitt,
William Bryce,
John Elliott,
%
James G. De Forest,
Charles D. Leverloh,
John L. Riker,
N. Denton Smith,
George Bliss,
Isaac Bell,
Edward Floyd-Jones,
Anson W. Hard,
Thomas Maitland,
John Edgar Johnson,
Ira Bursley,
James A. Hewlett,
George H. Maoy.
© x r ttjo tx .
B A G G IN G .
W A R R E N , JONES A C R A T Z ,
SECURE B A N K VAU LTS.
The Largest Safe Works in the World.
4 full supply, all Widths and Colors, always In stock
The Company has the follow ing Assets, via.:
United States and State o f New
York Stock, City, Bank and
other Stocks..................................$9,382,375
Loans secured b y Stocks and
otherwise.....................................
707,100
Real Estate and Claims due the
Company, estimated at.............
501,647 31
Premium Notes and Bills Re
ceivable........................................ 1 ,568,134 20
Cash in Bank...................................
285,254 68
J. D. Jones,
W.H. H. M oore,
A. A. Raven,
James Low,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low,
Edmund W. Corlles,
Robert B. Mlntura,
William Degroot,
Horace Gray,
William E. Dodge,
William H. M acy,
0. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Burdett,
Henry E. Hawley
Adolph Lemoyne,]
BANK YAULTS AND SAVES.
And all kinds o f
&
COTTON
F a t m a n,
BROKERS,
58 B E A V E R S T R E E T , N E W Y O R K .
Geo. Copeland &
COTTON BROKERS,]!
WELDED CHROME STEEL AND IRON
In Round and Flat Bars, and 5 ply Plates and Angle
FOB
CHROM E
Circulars Free.
134 P E A R L
SAFES, VAULTS, &0.
Cannot be Sawed, Cut or Drilled, and practically
Burglar-Proof.
STEEL
W ORKS,
B R O O K LYN , N. Y .
S IN C E
1870.
A ny office possessing these volumes since 1870 ha
at hand for convenient reference a complete and re
liable financial history o f the period. Parties having
the more recent volumes can obtain from the pubishers most o f the earlier volumes, or complete sets
can be furnished.
W I L L I A M B . D A N A A C O .”
79 A 81 W ILLIAM STREET NEW YORK
STREET. NEW YO RK
F . Hoffmann,
COTTON BROKER AND AGENT,
38 R U E
DE LA BOU RSE, H A V R E .
JO H N
Chronicle Volum es
C o .,
H,
C L ISB Y &
CO„
COTTON BUYERS,
M ONTGOM ERY,
ALA.
PURCHASE ONLY ON OBDKBS FOB 1 COMMISSION
Alexander &
Cargill,
COTTON BROKERS,
A VG U STA,
G E O R G IA .
Entire attention given to purohase o f COTTON
TO ORDER fo r SPINNERS and EXPORTERS.
[CORRESPONDENCE SOLICITED,
X
T H E C H R O N IC L E
[J u ne
11, 1897,
__________________ ( f l i r t t o n . _________________
W oodw ard &
Stillm an,
[MERCHANTS,
W . T . H atch & Sons,
Post Building, 16 & 18 Exchange Place
NEW
LOANS M ADE ON ACCEPTABLE SECURITIES.
Sp e c ia l A tt e n t io n
for
Future
IN M A N , S W A N N & Co
YORE»
to
Ob d e b s y o u
d e l iv e r y of
COTTON MERCHANTS,
contracts
Cotton .
Mew Y ork .
COTTON, A L L GRADES, SUITABLE TO W ANTS
BANKERS,
U NASSAU STREET, NEW VORK.
Branch offices {
Chapel *^^New^He/ ven
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
RECEIVED—subject to check at sight
—with Interest upon balances.
Special attention paid to INVESTMENTS and
aocounts o f COUNTRY BANKERS.
OF SPINNERS,
Of f e r e d
on
T erms
to
Su it .
Bethlehem Iron C o m p ’y
W illiam s, B lack & C o ., H ubbard, Price &
BANKERS AND COMMISSION MERCHANTS,
1
W IL L IA M
NEW
EXECUTED
IN
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
st e r n
& Co.,
L e h m a n , D u r r & Co.,
N ew Orleans, La.
LM ontgom ery, A la .
LEH M AN
C otton
B R O S .,
F actors
AND
C O M M IS S IO N
Y ork.
COMMISSION
MERCHANTS,
[8 S on tli W ill ia m S t., N e w Y o r k .
EXECUTE ORDERS FOR FU TU RE DELIV ER Y
C O T T ON
at the NEW YORK, LIVERPOO L AND N EW OR
LEANS COTTON fexCHANGES. A lro orders for
____ C O F F
E £
at the N EW YO RK COFFEE EXCHANGE, and
G R A IN AN D PROVISIONS
at the NEW YO RK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TR AD E.
^Co r r e s p o n d e n t s :
Messrs. Smith, Edwards & Co., Cotton Brokers
Liverpool.
’
J as. Lea McLean, New Orleans.
Geo. W . Baily
C o .,
COMMISSION MERCHANTS,'!
COTTON E X C H A N G E J B U L D IN G ,
N ew Y o rk .
8pecial attention to orders fo r oontracts for
ktture delivery o f cotton.
G.
Schroeder
&
C o .,
Successor* to W A R E A SCHROEDER,
COMMISSI ON ME RC HA NT S ,
Cotton Exchange Building,
NEW
Cotton Brokers & Commisnion Merchants
Delaware M utual
Liberal advances made on Cotton consignments.
Special attention given to the sale o f cotton to ar
rive or In transit fo r both foreign and domestic mar
kets. Orders for Future Contracts executed In New
Xork and Liverpool.
S a f e t y I ns uranc e Co,
G w athm ey & Bloss,
COMMISSION
ME & C H A N T S ,
YORK.
Orders fo r future delivery o f Cotton executed in
N ew York and Liverpool; also fo r Grain and Pro
visions In New York and Chicago.
Orders fo r future delivery o f Gotten executed i
Mohr, H anem ann& C o .,
EXCHANGE
B U IL D IN G ,
New York.'
Sp é c ia l A t t e n t io n
E x e c u t io n
g iv e n to th e
OF ORDERS FOR FUTURE CONTRACTS.
COTTON
Office, 75
$1,719,209 29
B e a v e r S treet,
Statem ent o f C om p a n y 1 at D a y o f J a n ., 188 7 .
CASH C A P I T A L ........................................... $1,000,00000
Reserve fo r unearned premiums........... 3,466,886 97
Reserve for unpaid losses.............................
859,19793
Net surplus.......................................................
557,08678
Cash assets.......................................... $5,883,171 68
8 T E P H E N C R O W E L L , P r e s id e n t.
WM. R. CROWELL, Vice-President.
PH IL A N D E R SH AW , Secretary.
GEO. H . FISKB, Assistant Secretary.
FRANCIS P . BURKE, Seo’y Local Dep U
N orth British
&
P H IL A D E L P H IA .
Insurance C o.
OF B R O O K L Y N ,
Office, 195 Broadway, New Vork City.
MERCHANTS,
M ercantile
Ins.
Co.
OF
L iv e r p o o l Co r r e sp o n d e n t s ,
F R E D E R IC
ZKREGA
A
CO.
Edw ard H . Coates & C o .,
Cotton Commission Merchants,
NO. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 49 MAIN STREET,
NORFOLK, VA.
S P IN N E R S
ORDERS SOLICITED.
Rountree &
C o .,
COMMISSION MERCHANTS,
C O T T O N E X C H A N G E , N E W Y O R K , and
N ORFOLK . VA.
C O T T O N , G R A IN . P R O V IS IO N S ,
S to c k a a n d P e t r o le u m .
Orders executed In New York, Chicago and Liv
erpool. All grades o f cotton suitable to spinners’
wants offered on favorable terms.
J. C . Graham & C o .,
9 kS o u th W i l l i a m S t. Sc 5 1 S t o n e S t .,
NEW YORK.
COTTON.
COMMISSION MERCHANTS,
S treet,
M A R IN E .
J . R A Y M O N D S M I T H , A g e n t.
Geo. H . M cF ad d en & Bro.
BUYERS FO R AM ERICAN MILLS.
W a te r
AND
T O T A L ASSETS.....................
N ew Y o r k
Phenix
S e lm a , M o n tg o m e r y a n d N e w Y o r k .
L IV E R P O O L ,
R eceive consignments o f Cotton and other Produce,
and execute orders at the Exchanges m L iva rn ™ i
R epresented In New York a tth eofflce o f lj*Terpo° 1
» a . ---- “
SAM’L D. BABCOtfST“ “
Nassau street, New York.
F IR E
C A P IT A L STOCK.......................................... $360,00000
Outstanding Scrip................
716,960 00
Reserve to reinsure Outstanding Risks
and all other L ia b ilitie s ...........................
262,64320
Surplus over Capital and Scrip...................... 379,60609
New York and L iverpool; also fo r Gral- and Pro
B. F . B A B C O C K & C O .
1»
OF PH ILA D E PH 1A .
No. 123 P E A R L ST., NEW YORK.
COTTON
H enry H en tz & C o .,
N ew Y o r k .
(INCORPORATED 1835.)
NORFOLK, VA.
vision* lx New Vork and Chicago.
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corres
pondents m Liverpool: Messrs. L. Rosenheim A
Sons and A . Stern A.Co.,’ in London. Messrs. B.
Newgass A Co.
.
AND
M E R C H A N T S ,J
No. 40 EXCHANGE PLACE,
M E M B E R S O F TH E COTTON, O O FFEE A N D
FRODUOE EXCHANGES.
U p -t o w n Office , No. 204 Ch u r c h St r e e t ,
N ew
M a n k a t t a n B u il d in g ,
Price, R eid & C o .,
YORK.
STOCKS, P E T R O L E U M ,
L ehm an,
10 and 42 Wall Street,
Cotton Exchange, Mew Y o rk ,'.
S T R E E T ,]
CO TTO N , G R A IN ,
PROVISIO N S, CO FFEE,
ORDERS
C o .,
FELLOWES, JOHNSON & TILESTON
LONDON AMD E D IN B U R G H .
U. S. Branch Statement Jan. 1, 1887.
Invested and Cash Fire Assets................$3,378,764 40
L IA B IL IT IE S:
Reserve fo r Unearned Prem ium s... .
$1,217,684 86
Reserve fo r Unpaid Losses................
148,062 96
N et S u r p lu s ...................................... 2 , 0 1 3 , 1 0 6 3 8
$3,378,754 40
Losses paid In U. S. In 20 years .. 8 1 7 , 1 6 4 , 0 8 9 7 7
U . S. B r a n c h O f f ic e , 5 4 W il l ia m S t ., N . Y .
C H AS. E . W H IT E , S A M . P . J3LAGDEN,
M anagers.
JAS. F. DUDLEY, Deputy Manager.
Æ TNA
Insurance C o m p a n y
OF H A R T F O R D .
Capital...........................................
Liabilities fo r unpaid losses
and re-lnsoranee f u n d .......
Net Surplus......... .
$4,000,000 00
2,118,618 19
3,450,221 37
A sse ts J a n . 1 , 1 8 8 7 . . . . $ 9 ,5 6 8 ,8 3 9 5 6
Mo. 68 W a il Street, Mew Y o rk .
J A S . A . A L E X A N D E R , A g e n t.
C O M M E R C IA L
U n iO R
A ssu r an c e Co., l im iiu q
C O T T O N , S T O C K S , B O N D S , A c .,
as W ILLIAM 81 RB HT. WWW VORK.
Orders In “ Futures” exeouted at.N.Y, C o tto u E x ch
OF LONDON.
L Office_Q or. P m e
& WUliam Sts., N ew Y o rk .
@FedFRASER