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0)ttit«;jji
HUNT'S MERCHANTS' MAGAZINE,
aKPRESKNTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
t£ntered aosordlng to Act of Congreas, In the rear 1S91, by Wm. B.
VOL.
Dama *
Co., In the office o( the Librarian of
SATURDAY, JUNE
52.
CongreM, Washlncton, D.
NO.
13. 1891.
tending to stimulate this week's clearings
monthly payments of
is
O.]
1,356.
that the usual
interest, &c., are included.
Contrasted with the week of 1890 there is a heavy decrpM*
totJil at New York, but this ia to some extent ascri^ble
much smaller transactions in stocks the current year.
Outside of New York the falling off is 11-5 per cent, and in
$10 20
For One Year (inoludine postage)
do.
6 10
For Six Montha
the whole country the loss reaches 28-1 per cent.
Most
11 50
European Suhacrlptlon (incUidlng postage)
prominent in ratio of increase this week are Galveston, M'9
European Subscription Six Moutlis (ineludlni; postage).
6 75
percent; Norfolk, 847; Des Moines, 81-1; New Bedford, 38-4,
Annual Subscription in London (including postage).... £2 8b.
do.
£1 9s.
do.
do.
Blx Mos.
and Duluth 23-2 per cent.
On the other hand the heaviest
losses outuide of New York have been at Wichita 44 4 per
Terms of AdTertisinr.
cent; Salt Lake City, 36-8; Dallas, 34-9; Birmingham, 807;
AdTertlsemeuts ordered for less than one month. In the Commercial Kansas City, 282, and Boston, 28-1 per cent.
A Financial Chronicle, are published at 25 cents per line each insertion. When orders are definitely given for one month or longer, a liberal discount la allowed, and the net prices maybe obtained on applicairw* Knd't May 30.
tion at the olflce. The lowest rates on permanent cards detlnltdy ordered for one year are 8 cents per line each Insertion, making $5>i for
one inch space one year. Space Is measured In agate type— 14 lines to
the inch.
New York
in the
to the
Terms of Sabscription— Payable in Adrance:
London Asent*
Messrs. Edwards A Smith, 1 Drapers' Gardens, £. C, will take sub
•orlptlons and advertisements and supply single copies of the paper at
Is. each.
»haret.)
(Ootton
baUa.)
(Qrain
IP<trol«um
InuheU.)
bbU.)
wniiAv R nivA ^^
WII.I,IAHI B. DANA & Co., Pablisbera, Itoston
Trovldence
VOKK.
10* William Street,
Hertford
fg„ OFFICE BOX 958
New Haven
(
IJSi n
piA^
»OHK
O. FLOTD.
Sate* of"
[Stoekt
NEW
J
Surlnntleld
Worcester
Porlliind
page 895 will be found the detailed returns, by States, Lowell
New
Bedford
of all the national banks, under the Comptroller's call of
May 4, kindly furnished us by the Comptroller of the Cur- Total New England
Phllsdolphla
rency. Previous returns were published those for February Pittsbum
26 in the Chronicle of April 11, 1891, page 566 those for Balr.lmore
Buffalo
WaflhlnKton
Dec. 19, 1890, in the issue of Febuary 14, 1891, on page 275.
Kocheiiter
On
—
;
Wllminmon, Del
Srracuse
CLEARING HOUSE RETURNS.
Toul Ulddle
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, June 13, have
been 1993,518,781, against 11,130,187,744 last week and
41,235,446,213 the corresponding week last year.
CUARIHOS.
Bttumt liv IMefropk.
Hew
York
Bo«ton
PtalladelpbU
SalUmore
OhloaKO
St. Lonls
Svw Orleans
...
Seven cities, ft days.
Other olUes, S days
Total all olUes, 5 day*
AUolttes, lday..„
Total
all cities tor
week...
Wtek Endlmt June
1891.
PtrOtnt.
-257
-2HB
-137
$169,319,246
67,303,11*
18,62»,448
10,988.343
71.396,000
17,368,460
6,04T.6d6
$631,830,911
94.112,186
S8,»64,43l
10,842,823
68,411,000
24.563,130
6,276.132
$690,912,176
$8148.389.6.43
-32-2
129,0<i7,-243
131,092,5!<2
-t-0-8
$820,809,419
172,619,363
$1 ,019,4 S2. 16ft
21S,96<,048
$993,Sie,781
$l,23ft.44«,21.<
ClnclnDatl
Milwaukee
Detroit
Cleveland
Colambas.
Indlanapolla..
Peoria
,
Grand Rapid!
Total Middle Western
18.
1890.
Ctaloajro
-l-S
+43
— lS-6
-3
-19
6
ft
-20-6
San Francisco.
Portland
Salt I,ak« City.
SeaUle
Taooma
Loi Anaales
TqUI
PaolBo.
Kansas City
Mtnneapolls
Paal
St.
Omaha
Denvar
Ualath
St.
Joaeph....
Slooz Cttr-...
Dea Moines..
Wlchlt«
LInooln
Topeka.
Total Other
The full details of clearings for the week covered by the
St. Lonia
Above statement will be g^ven next Saturday. We cannot, of NewOrlc^
LoBlavllie.
course, furnish them to-day, bank clearings being made up by Uemphla...*.,
Rlehmund,..,
the various clearing houses at noon on Saturday, and hence in Oaivestoo....
the above the la.st twenty-four hours of the week have to be Naahvllle ....
DaMaa
in all cases estimated, as we go to press Friday night. Below Fort Worth..
WesUm.
are our usual detailed figures for tne previous week, thai is N'.rfolk
covering the returns for the period ending with Saturday (-|lattann,iaa.
Blrmlnfiham..
I.«xlnatun....
noon June 6, with the comparative totals in 1890.
In the aggregate tnere is a gain over the week ending May Hooaton*
Total SoDtkara.
80 of nearly three hundred millions of dollars, but this is due
in great measure to the fact that the current total C()verit a
Total all
full business week, whereas on Saturday of the previous week
Onuld e Saw Tor*
the Decoration Day holiday occurred.
Another influence '•2lot Inoladed la toUls.
TBE CHRONICLE.
872
[ToL, LIl.
This might be regarded
change as it would have the effect of
basing each note on a legitimate mercantile transaction,
and prevent weak houses from flooding the street with
paper made for the purpose and with the hope of floating along until the tide turns with them.
Rates for
paper remain entirely unaltered.
The situation abroad has not changed. To be sure
there is just now in prospect the withdrawal of bullion
from London, for Russia and for Austria. But the
Bank of England has been making provision for this
very emergency and therefore the outward flow of gold
should cause no particular concern.
The feature of the week is
the Baring balance sheet,
issued by the Bank of England.
It gives the outstanding liabilities at £8,236,973, of which £7,508,600
are due to the Bank of England.
Against this there
are good securities, amounting to £3,860,000, which,
if deducted, would leave about 5^^ millions sterling of
liabilities.
To pay this 5^ millions the Bank holds
£1,100,000 of securities other than South American
and £8,003,000 of South American.
Altogether this
seems to be a more favorable exhibit than anticipated.
of their notes to raise funds.
THE FINANCIAL SITUATION.
The money market remains under
pretty
as a salutary
much
the
same conditions which were in control a week ago.
One change which has occurred is, that in the meantime there has been a check in the outflow of gold,
and that is of course a favorable circumstance. Our
banks, however, are still losing their deposits, as we
gather from information received this week, although
the flow of currency from the interior is still towards this
The New York Clearing House
city.
ported on April 11,
institutions re-
$416,126,600 deposits and
1891,
1413,971,600 loans and discounts, against $383,882,400
deposits and $386,336,400 loans on June 6 ; that shows
a loss of $32,244,200 in deposits and $27,735,300 in
Of course with such
loans during the two months.
And
conditions the banks cannot be free lenders.
yet
an abundance of money offering on call and on
short time, the idea being that, with general business
there
is
ruling very quiet, these conditions of
tinue until the
We make
when
no
fall
money
will con-
months.
money
effort to forecast the condition of
the crops begin to move.
On
page 895
will
be
found in detail and in full the national bank returns of
May 4, and we remark upon them in a subsequent
column. There is not much however with reference
to the present or future currency situation which they
disclose, as the situation has changed so materially
since the date of the call by reason of the gold
exports and
the
large
currency movement to
this
city
during
the
month and more that
has
elapsed.
ments
Nor
in
estimating
future
require-
do to compare our wants in the fall
with the need which existed a year ago, since so
much depends upon the condition of general trade. In
almost all departments business seems to be very quiet
now and though good crops will tend to re-animate all
our industries, a matter of that kind comes gradually,
and the activity in currency movements that is the
absorption of currency by commerce— follows later, in the
wake as it were of industrial revival. Hence it is quite
possible even with large food crops that we may
require much less currency this fall than at the same
will it
—
We
The rate for sixty to ninety-day bank bills
London is 2^ per cent. The open market rate
in
at
is 2f per cent, at Berlin it is 3^ and at Frank3i per cent. The Bank of England gained £880,000 bullion during the week. This, as we are advised
by special cable to us, was due to the import of £940,000
("bought" and from Portugal), to the receipt of £240,000 from the interior of Great Britain, and to exports
to Russia of £300,000.
The Bank of France gained
£403,000 gold during the week, and since the last
report the Bank of Germany shows an increase of
about £112,000 of this metal.
Foreign exchange was heavy early in the week in
consequence of offerings of loan bills which bankers
expected to cover with commercial drafts later in the
season; and also because of a slight pressure of bills
made against purchases of securities. But by Wednesday these offerings were absorbed, and thereafter the
market was firmer, and there was more or less of a
demand to remit for stocks sold for European account.
Paris
fort
On Monday Brown Bros, reduced their rates to 4 85
elements which enter into for long and 4 88 for short, while Baring, Magoun &
any forecast of the money market at this time.
Co., the Bank of British North America and the Bank
Notwithstanding our banks are out of the commer- of Montreal lowered the sight rate to 4 88^, and on the
cial paper market and are doing little or nothing in following day the Canadian banks reduced to 4 85
time loans, there is as already indicated an abundance for sixty-day and 4 88 for sight. On Wednesday Brown
period a year ago.
cate
some
suggest these facts only to indi-
of the uncertain
of
money on
at
5 and 2 per cent,
Loans have been made
week Bros, and the Canadians banks advanced to 4 85^ for
long and 4 88^ for short, and on Thursday the lastif any above 3^ per cent ; banks and trust companies named drawers moved up to 4 86 for the former and
quote 4 per cent as the minimum.
On Thursday the 4 89 for the latter, and yesterday Baring, Magoun St
rate for sixty day loans on good Stock Exchange collat- Co. followed to the same figures.
The nominal
eral
dropped from 5 to 4^ per per cent, but rates at the close were 4 85^ to .486 for sixty day and
this
did
not
stimulate
borrowing,
it
being 4 88^ to 4 89 for sight. Rates for actual business were
generally anticipated that wants can be supplied 4 84f to 4
85i for long 4 87| to 4 88i for short; 4 88i
during the next sixty days at lower figures in the call to 4
for
cable transfers; 4 83f to 4 84 for prime and
88i
loan branch of the market.
Some of the foreign bank- 4 83i to 4 83^ for documentary commercial sterling.
ers are making loans at 5^ per cent for four months Gold to the amount of $500,000 was shipped by A.
and 6 per cent is bid for money from five to six months Belmont & Co. on Wednesday, but it went forward on
on the best security, but lenders do not care to make special order.
contracts for such periods.
For commercial paper the
The important feature in the general situation just
buying is almost wholly for out-of-town account. Our now the feature which invests the future of trade
banks, as already said, are out of the commercial paper with so much promise and seems to set a limit on the
market, and it is regarded as doubtful if they buy duration of the adverse influences which have thus far
much paper for some time. It has been suggested controlled the course of business to a great extent is
that this situation may compel merchants to settle pur- the favorable outlook for the growing crops.
The
chases with paper instead of depending upon the sale Agricultural Bureau at Washington has this week
call.
this
the average being not
much
;
—
—
JCNK
THE CHRONICLK
18, 1801.
report for the let of June, and
878
comes fornia and Penngylvania 97, New York 96, and
is
Michigan 90. The latter, though much lower than
concerned the Bureau is only ahle to confirm our own the others, compares with only 09 in 1890. In Indi.
report, given at length on suhsoquent pages, and which ana the comparison is 99, against 63; in Illinois 98,
isaued
its
up
fully
Of course
to ezpcotations.
it
as far as cotton
shows that prospects at the moment are much loss
bright than at the corresponding date of other years.
But he would bo a bold man who should hazard any
predictions as to the outcome on this circumstance
alone, for much will depend upon future weather conditions and other influences, since the plant is as yet
only in the earlier stages of its growth. As regards
oats, too, indications do not favor a very large crop, the
Bureau placing the average of condition for the counBut for barley the average is
try at laige at only 85.
given as 90*3, with 71 per cent increase in acreage as
compared with the year preceding, and for rye 95"4,
with 1^ per cent increase in acreasre. For winter wheat
the average is put as high as 96-6 per cent and for
spring wheat 92'6.
The winter wheat crop may be regarded as almost
Missouri 99, against 77; in Ohio 99,
in California 97, against 86.
In the
spring-wheat States early-sown wheat is stated to hare
against 64; in
against 84;
and
been injured by frost in Wisconsin and Minnesota, and
is placed at
only 77, and for Minnesota at 89, but for Iowa the
condition is given at 95, for the Dakotas 96, and for
the average for the first-mentioned State
Nebraska
97.
All the indications thus point to an exceptionally
large production of wheat in the
United States
And
ably the largest in our entire history.
not "only a heavy
for the railroads
traffic
returns to the farmer, but
it
also
—prob-
means
and good
this
means heavy exports,
later accounts confirming fully the statements of jioor
Current estimates put the probable
and 540 million bushels, which
assured, for in some sections harvesting has already would compare with the Agricultural Bureau estimate
begun. And as showing the improvement over a year for 1890 of 399 million bushels. But suppose we place
ago, we may state that while the average -of condition the yield at only 520 millions.
Stocks of wheat will
now is 96 -6, at the same time in 1890 it was reported doubtless be down to low figures by the end of the fisonly 78*1, being a difference in favor of the present cal year and neecf replenishing.
On a very conserryear of 18^ points.
But that does not indicate the ative estimate, however, it would seem that we ought
full measure of the change in probable yield, for there
to be able to spare 160 million bushels for export
out of a crop of 520 million bushels.
is a much larger acreage under wheat now. Taking the
On that
basis our exports would be larger than in all other
area sown to winter wheat the present year and com
paring it with the breadth harvested last year, the years, barring only the fiscal years 1880 and 1881,
Agricultural Department finds an increase of no less in the one of which we exported 180 million bushels
than 11^ per cent. It also finds an increase in the of flour and grain and in the other 186 millions. Of
spring wheat area of 3*4. The increase in total wheat course, if under continued favorable conditions the
Thus we have both a crop should run above 530 millions that figure now
area is put at 8*7 per cent.
larger area and a very much better condition, and the looking like the minimum to that extent the exports
effect on yield in the case of some of the separate might be still further increased, every 10 millions
States will be very striking.
We have prepared the increase in production adding 10 millions to the exports.
following table to show the condition and acreage for At 550 million bushels wo would have 190 million
the
leading
a series of years in
winter-wheat bushels for export, which would be in excess even of
the exceptional exports of 1880 and 1881.
It is only
States.
by making calculations and comparisons of this kind
ACRBAOB AND CONDITIOlf Or WHEAT ON JUNB I.
that we see how very encouraging the situation really
181)1.
1890.
1887.
1883.
is as the result of this promise of an excellent yield
crops abroad.
yield at between 630
—
—
of the cereal.
States.
Our stock market
6
week has been dull and stagGold exports have
been on a compartively unimportant scale, which to
that extent has been a favorable feature, and the Earopean situation also has taken on a more assuring aspect.
At the same time the excellent outlook for the wheat
this
nant, with few features of interest.
2.686
2,802
2,376
1.588
l,68U
1.613
3,292
Jhio
dUns
I
2.194
tools
l.'-BS
MiCblKUQ
2.0S4
3,0«7
1.568
l.COS
2,068
1.808
Callfurnla
!^,»lv
2.426
976
tun
641
1,837
Im""'!..
•f"^
OreKon
New York
PennsylTanla
Tennessee
Maryland
641! 93
1,887
1.187
B40
802
63«
Tlrglnla
Texas
Other winter
Total
Total
Tola!
wheat
wheat
winter
tprinn
S86 96
802 97
Sll
3i!97
23.520
12,887
86
all
2.42r>
1.541
1,150
1,71.S
647
1.851
1.211
546
1.211
667
810
6SM
572
«01
3.49'
3.674
792
1,629
2.766
920
667
1.421
1,199
063
636
545
3.405
23.WI
12,73fc
38,124
.^ff,ai«
2.710
2.802
2.44fe
1.646
2,851
893
aeo
!'45
1.1751 89
2,658
2.774
85 2't.'<'i3
13.885 87 13,419
:»r.»8e
Percent of Increase or
decrease
I"
a^Tvugv
ly TUrre olpbera
+«-l
(,•>
'j)
ora'tie
I
-0-8
+«-8
crop tends greatly to strengthen confidence in the
future of values. But the only effect of these circumstances has been to keep prices firm, transactions being
very limited and the outside public showing no disposition to take hold, while loading operators also are apalittle more
and Union Pacific, Wabash preferred, St.
Paul, and the grangers generally, evinced a rising ten-
activity,
dency.
The
from lusreage figures.
Yesterday afternoon there was a
thetic.
following statement,
made up from returns
col-
In Kansas it will bo observed the increase in acre- lected by us, shows the week's receipts and shipments
age is over a million acres, or 50 per cent, while the of currency and gold by the New York banks.
average of condition is 95, against only 80 last year.
Ww* Aid<n« Jun4 13. 1891.
This wonderful change is the basis for the estimates of
MorrmmU
K.r. Ulnlu.
an extraordiu.irily heavy yield in that State. But
•«,701.IIU«I ti.wo.ooo U«ln.«J.« 11.000
70U.01JO aaln.
l.3oO,OU<'
«OI)kOOO
there is a considerable increase in acreage in several of e«M
the other S*^ates too, and the condition is uniformly
high, Ohioj Indiana, Missouri and Tennessee being
reported at
90, Illinois,
Oregon and Texas
98, Cali-
Tot»*
enM an4 tecal
t^nd^rs
»8,(Vll,0<N'
fl.Dgn.iMM) ()aiu.*4.on.ai)*
With the Sub-Treasury operations
the result
is
as follows.
aiui gold export*
THE CHRONICLE.
874
WeO. Ei»a(nj June
Into
Banks.
12, 1891.
Banks' interior movement, as above
BBb-Treas. oper. and gold exports.
J
Total B<*I and legal tenders
The
$6,OU1,000
20,400,000
Out of
NetOlianfiein
Bankf.
Bank Holdlngt.
$1,990,000 aain.$4, 011.000
i2,3S0,000 Loss. 1,930,000
$28,401,000 $24,340,000 Gain.$2,0ei.00p
following table indicates the
amount
in the principal European banks this
corresponding date last year.
of bullion
week, and
at the
may
less
[Vol. LII.
be an ignorant prejudice prevailing in some of the
enlightened of the agricultural sections against
national institutions, but until another system which
shall be a substitute for the one existing is devised, the
of the country must be sustained by and
depend upon the one we have. Just now too public
activities
sentiment
is
peculiarly sensitive to unfavorable influ-
and our industries would consequently suffer
June 12, 1890.
June 11, 1891.
more than in optimistic times from any Treasury proBank of
Total.
Silver.
Oold.
Total.
Silver.
aold.
ject carried through which interfered however slightly
£
£
£
£
21,700,906
21.760.906
327.111,696
with the full and free working of our banking arrange87.111,596
England
62,128,000 50,864,000 102,992,000 52.406,000 60,036,000 103,341,000
France
ments. It is hardly necessary to add that the prejudice
44.152.000
30,527,334 15,263,866 45,791.000 29,434,667,14,717.333
Germany *.
5,511,000 16,306.000 21,816,000
8,906.000 16,422,000 20,328.000
Aust.-Hun'y.
we have referred to above is, in view of these facts, a
4.817,000 6,746.000 10,593,000
9,553,000
3,901,000 6,652.000
I^etherlands..
4,336.000 very trifling consideration
to-day, and that policy and
2,891,000 1,445,000
4,576,000
3,050,666 1,525,334
Nat.B'lgium*
Tot.thlsweek 120,e24,.596 89,727,000 210,361,596 116,850.573 89,148,333 ,205,998,906 principle alike dictate that everything be done by Gov83.0'39,667 '205,435.775
Tot, prev. w'k 119.101.550 89.655,000 208,756.556 116,396,108
ernment to contribute to business prosperity and noth• The division (tietween gold and silver) given in our table of coin and
bnUion in the Bank of Germany and the Bank of Belgium is made from ing, in an experimental way, which by any conceivthe best estimate we are able to obtain; in neither case is it claimed to able
accident might help to make business languish.
be accurate, as those banks make no distinction in their weekly returns,
merely reporting the total gold and silver, bat we believe the division
want to say in passing just a few words more on
We
me make Is a close approximation.
ences,
.
the subject
of
the
prejudice
agricultural
national banks, of which so
BOND EXTENSION AND THE NATIONAL
much
is
against
heard now-a-days,
although in writing on the subject, we may repeat in
we have said on previous occasions. But it
The national bank returns which we publish to-day is needful to refer to this hostility again, for it is so
(page 895) through the kindness of Comptroller Lacey exaggerated, as to extent and influence, in the estimation
haye more than usual interest because they appear so of many politicians as to lead them to believe that it is
soon after the date of the returns. We received them bad politics to favor these institutions ; and it is a
on Wednesday of this week, and hence only a little fitting time to refer to it, since the statement that it is
more than one month elapsed after the call was made exaggerated is so plainly proved by the bank figures
The proof lies in
before we had a compilation covering the figures from which we publish to-day on page 895.
every national institution in the whole country.
The the fact that the late growth set out above has all of it
work has never before been accomplished in so short a been in the very States where it is claimed these
time, which is a noteworthy circumstance, for it adds banks are unpopular, that the most of the growth is
materially to the usefulness of the facts disclosed to outside of the large cities, and that it is growth not
have them before they are stale.
only
in
number but a still more remarkable
No one can look at any new exhibit made by these growth in deposits. That is to say, men encourage
institutions without renewed surprise at the growth and and leave their money with what they distrust and
magnitude of the system. We have often in late years hate. We have not room to illustrate this situation
referred to these features, but they strike one with added fully to-day, but would refer our readers to an article
force every time a report is published. To-day they have we wrote on that subject and published February 28,
A new and special importance in the light of current page 333. At that time we remarked more particularly
discussion with reference to the called 4^ per cent bonds upon the development of the national system in Texas.
and their continuance at a small rate of interest. Note As the present returns enable us to bring down those
BANES.
part what
this fact, for instance, that the individual deposits on
December
31, 1881 were $1,102,329,164
figures to a later date, the subjoined
on the first found interesting.
of October 1885 the individual deposits were just about
Texas National Banks.
the same, the total being $1,102,372,323. On the 27th Capital stock paid In
Surplus
•of August 1886 this item had not changed materially, Undivided profits
-it being still $1,113,459,187; but from that date the
Total capital, surplus, 4c
aggregate has been rising rapidly until on May 4, 1891, Indltldual deposits
Loans and discounts
it reached $1,575,506,099.
Or take the measure of Number of banks
I
V
recent progress by the
number
of the
summary
will
be
;
organizations.
Here
May i,\B91.
$24,747,435 00
3,966,07800
2,539,78000
Oc«.4, 1983.
$11,805,700 00
2,776,767 43
1,128,945 91
$31,253,293 00
$28,057,683 00
$49,162,815 00
15,711,413 34
$15,784,698 56
$24,688,800 00
207
100
!f
an addition in 2^ years of 107 banks, raising
On the 2nd of October, 1875, there were a little over the capital invested to 31^ million dollars, the deposits
two thousand (2,004) banks in the system not till 1887 to 28 million and the loans and discounts to 49 mildid the number pass the three thousand limit, there
lion, all the items named having either about doubled
being 3,014 reported on August 1, 1887; on May
4, or more than doubled between the two dates, while
1891, the number reached 3,634, of which 428 banks are
nearly all of the new organizations are located outside
the additions since May 13, 1889, the growth of a little
of the largest cities.
We might cite any other State
less than two years.
as well as Texas, though the recent growth has been
- We do not need to assert that any scheme which
more rapid there than the average.
Even the new
threatens to interfere in any measure with the
progress State of Washington we see has now 63 national banks,
of such an organization, and such a marvelously
live with 13J millions deposits.
And this is the way the
- organization as the national
system is thus seen to be, agricultural States are showing their dislike by favorought to receive critical treatment and be entered
upon ing the growth of and by trusting their money with
is
;
—
very cautiously. It is only repeating a very
familiar what we are told they dislike and distrust.
*truth to say that banks form so important a
section of
Under circumstances like these there seems to be
the machinery that moves our crops and our
industries little room for hesitancy as to which is the wisest
that without these, domestic commerce would
be almost policy with respect to the 4^ per cent bonds coming
as helpless as it would be without
railroads.
There due September 1. Of course if the Treasury can
;
Junk
THE CHRONICLE.
18, 1891.]
accumulato an undoubted surplus, tlio correct method
But to use money for
is to pay the bonds at maturity.
the purpose of redemption which tiio Government will
probably need for current expenses later would obviously
be improvident. Still less desirable does any plan loole
•which contemplates obtaining the required surplus
through a new bookkeeping arrangement, or by making
a live asset out of fractional currency.
If the Treas
ury Department was forced to pay the debt, no other
way of saving the Government credit being open to it,
exceptional measures could be justified.
But a procedure of the sort suggested is clearly out of keeping
with the conditions which exist on this occasion, and
out of keeping with the management of any Government's affairs, as it also would be with the conduct of
any individual's affairs not in extremis.
In. case, then, no assured and unneeded surplus is
found to meet these obligations, the proper course
unquestionably is to extend the bonds as the Secretary
has proposed, and to extend them of course on the best
terms which are obtainable.
What the best terras may
be is a somewhat complex question. The answer to it
involves the welfare of the banking system, the requirements of our circulation for crop purposes, the market
price of the bonds after they have been continued, and
finally it raises the question,
what
is
the lowest rate of
extended bonds will bear. This last condition is the one of least importance.
Even if the
Government should save -J of 1 per cent on the whole
23 millions of dollars which the banks hold it would be
only 8115,000 a year, and we must assume that in two'
years the extended bonds would all be redeemed. Every
one consequently sees at once how trifling the amount
interest
the
875
COURSE OF ROCK ISLAND TRAFFIC.
Though the Chicago Rock Island & Paciflc hM be«Q
to reduce its dividend, examination of the
annual report (a complete copy of which has been received this week) does not reveal any features calculated to give stockholders grounds for special anxietj
or uneasiness.
The funded debt has increased during
the year, but not heavily.
The company is carrying no
obliged
largo or
seem
burdensome
floating debt,
and
its
fioances
to bo in very easy condition.
Gross and net earnings have proved smaller than in the year preceding,
but the changes are less than expected.
While on the
one hand the road failed to earn its four per cent
on the other hand it did earn, as was
pointed out last week, about 3J per cent and this in a
period of depression and unfavorable
conditions.
Finally, the traffic of the system shows gratifying
dividends,
—
growth except in the items subject to special influence,
where a falling off was looked for and was in any event
inevitable
as
the
result of
the conditions
prevail-
ing.
is found that while the outbeen such as to yield diminished
returns to the stockholders, there are no elements of
weakness apparent in the property itself. Moreover,
as regards the reduction in dividends below the 4 per
cent basis, circumstances temporary in their nature
and chiefly connected with the crop yield, as pointed
out below, must be charged with having contributed in
no important degree to that result, and this being so
we are permitted the hopj that with the removal of
these circumstances, or rather when they again take on
Substantially, then,
come
it
of operations has
a more favorable aspect, revenues and profits will also
and every one must show corresponding improvement.
In reviewing the resalts for the previous twelve
acknowledge, too, that such a sum ought not to have any
weight in the determination of a question which may months, we took occasion to remark that during the
include under any contingency the slightest risk to im- last few years the Rock Island had been passing through
is
which
is
involved in this controversy as to the rate
the extended securities shall bear
;
And this is a fact that should be
borne in mind both in its relation to present results and
By saying that the road
stance even if there be no other which positively in its bearing on the future.
rules out the 1^ percent proposition. The circumstance had been in a state of transition, we meant simply that
we refer to is the doubt (we need put it no stronger) through the building of an extensive system of tribuwhether these extended bonds could be kept at par in the tary lines west of the Missouri River its interests had
market ; and it is too obvious to need discussion, that been so extended and enlarged that from being mainly
a transition period.
portant interests.
There
is
therefore, as
we
said last week, one circum-
a bond which would not rule at par would b3 detrimental
to
all
interests concerned.
The
Take the 4 per
cents as
is now, as
by natural influences, and
indicates therefore the best rate under existing conditions at which the Government could borrow. Bought
at 130, the price the past week, and assuming that in 16
years the face of the bond only will be received, the
investor will net just about 2^ per cent on his money.
illustration.
nearly as
may
price of the 4 per cents
be, controlled
a Northwestern system, so called, it had become both a
Northwestern and a Southwestern system; and furthermore, that having incurred heavy outlays in building
the Southwestern lines, which could hardly be expected
an immediate return, the wisdom of the policy
must be judged not by present rebut by the value of the lines as permanent feeders
to yield
in
question
sults
and
tributaries in furnishing
new and
increased soarces
In that sense revenues now not quite suffi"
It is not unlikely, perhaps probable, that a special tem- cient to meet the increased charges together with the
porary demand from the banks would sustain a price regular dividends, would furnish no guide to future
for the bond netting a lower rate; but in the light of results.
the ruling rate of the 4 per cents is it not at least
As is known, the idea in providing a trans-Missouri
doubtful-^we need claim no more whether a 1^ per system was to re-enforce and strengthen the company's
The road's position as regards
traflBc and income.
cent bond could be kept any length of time at par ?
Coming back now to the original consideration with business from the Northwest was measurably secure. It
which we started (the interests of our national bank had lines not only to Kansas City and Omaha, but
system, which is developing so rapidly in the agricul- through various roads controlled in its interest it had
tural sections), and adding to that the necessity there is acquired a hold on traffic to and from the twin cities,
just now for keeping alive and extending if possible Minneapolis and St. Paul, and a large part of Minneour national bank currency, until a new banking and sota and Dakota. This latter comprised a fertile and
a new currency system is evolved can there be a doubt rapidly-developing section of country, and hence one of
as to the policy which the true interests of the people much promise as regards a future increase of business; but
and of the Government demand?
the trouble was that too many competitors had entered
—
—
of business.
iHH CHROINICJ.K
876
The
or were making provision to enter the same field.
result was that though the volume of business from
that section kept growing, there was an increased num-
1890-1.
^f1in^t^
Wheat
Com
OatM
,
it
ment for further extensions in that direction.
The Kock Island managers accordingly sought new
sources of
traffic'
Southwest.
in
another direction, namely in the
Though having
lines to
sas City, as already stated, the
Omaha and Kan-
management had found
that their system labored under some disadvantage
as. compared with rival systems whose lines extended
T
EiBtw'd.
Barley
among, and furthermore the Flour
MUUtuUS
unan
to
Hay
dropped
rates
rivalry became so intense that
Cattle
Hogs
encouragelittle
seemed
there
and
thus
profitable basis,
Beef and pork..
her of lines to divide
(Vou
|
'
1
!
I
j
Sand and ffrarel.
Brick
Stone
Ore 4 bullion...
1889-90.
n*.
133,997
513,214
383,008
7<,987
97,98«
66,235
76,705
28M35
218.034
58,460
136,078
177,030
225,989
67,789
Tims.
109,612
923,005
:
I
257,298,
68,118
88,526
42.673
76,874
288,002
164,268
34,061
1888-9.
Tnnfi.
88,460!
430,852
239,937
46,256
77,768
43,621'
78,670
177,422
118,017
22,357
1887-8.
I
Tons.
100,731
369,188,
231,628
40,729
68,929
1886-7.
Trms.
117.465
299,898
171,i>42,
1885-6.
Lll.
1
T-'Un,
74,808
393,148
189,984
Trtnji,
i
39,820
34,.565
142,414,
66,340
162,004
109,0151
32,23ll
38.854;
122,058,
1.37,024
188,109
165,633!
31,794'
168,166,
34,665|
21,515
33,281;
130,0401
194,818
68,989
115,226
62,737
121,067!
98,2.56
142,598
305,659
101,037
83,304
233,4171
185,975;
86,686;
210,296
68,659
567,7811
195,122!
1884-6.
30,8:541
42,699;
131,012
20,8)5
101,7201
29,616
123,603
392,104
187,733
27,205
189,852
36,969
11.837
114,831
127,877
11,176
96,123
21,372
161,161
26,607
Maintli W'gtw'd.,
Merchandise
623,963
415,512
76,085
612,3721
162,172 123,319 182,696,
Lumber.lath.^c.i
"1.511
Lime & cement.;
74,818
67,809
Coal and coke.. .11,328.8)2 1,239,082 1,111,774 1,081,279
Iron (all kinds)..
268,029
328,097
227,248| 213,214
'
'
81,252
87,445
148,177
Railroad ties
65,7521
87,011!
83,089
83,836
85,385
+Ak'c*1 implm'ts.
160,114
62,248
17,021
Suffar 4syrup..
171,917
|
on..'.'.'.'.'.'.'.'.!,':!:!
65,975
63,760
16,739
79,885
45,811
17,815
60,510
39,237
167,726
397,566
64,024
803,190
290,299,
09,128
69.148
13,679
18,938
11.881
26,805
26,731
129,217!
113,308!
67,221
706,205
208,819;
68,468
61,321
11,023
38,129
16,«57
31.809
29,168
139,681
103,966
50,171
772,630
211,321
18.891
61,761
61,821
10.063
18,100
21,618
81,127
35,369
11,881
10,735
In providing a tributary system Fruit
27,a)B»
932,530
18,991
18,351
Drain tiles, &e.
122,669
chief
selected
as
the
was
Kansas
Missouri,
west of the
Grand total... !,000,168 8.025,835 6,008,810 1,970,196 1.180,109 3,873,606 3.930,60»
field of action rather than Nebraska, since the latter
t Including vehicles and machinery.
t Including all other items.
State had already been pre-empted by many other
^ In this year the preponleratlng amount moved eastward.
and moreover there was an
large corporations,
Looking first at the tonnage of corn moved, we find
obvious advantage in such a course, in view of the de- a total for 1890-91 of only 543,214 tons, as against
sire to reach out more especially for the territory in the
923,005 tons for 1889-90, thus showing a falling ofE in
Southwest. The company now has not only a large the large amount of 379,791 tons in that item of
mileage in Kansas, but its lines reach through that freight as the direct result of the reduced yield of the
State into the Indian Territory in the one direction and cereal.
While there was this heavy loss in corn, the
into Colorado in another direction, besides which it tonnage of many of the other items increased, and it
has lines draining the southeastern end of Nebraska. seems fair to assume that in some degree at least this
Of course the benefits from the new extensions have increase has come from the new extensions. Even
not been what they would have been had not the Mis- with the gain in that way, the loss in corn having been
souri Pacific and the Atchison contemporaneously built so very large, it was not entirely ofEaet, so thtt the total
Still,
extensive amounts of new mileage in Kansas.
freight of all descriptions moved in 1891 was only
the Rock Island has in any event greatly enlarged the 6,000,168 tons, against 6,025,835 tons in 1890.
The
area of territory tributary to its lines, and it can hardly falling off is not large, it is true
not much more than
be claimed that the managers have been disappointed 25,000 tons but it was attended by a decline in the
beyond those
points.
—
—
in their expectations of a considerable addition to the
road's traffic in that way.
The cause of the diminution in revenues in the late
year was chiefly special, as already said, and had its
origin in the poor grain yield of 1890, or more partic-
revenue per ton per mile from 1*02 cent to 1-01 cent,
thus further diminishing revenues.
It is to be noted as an encouraging circumstance
some items of freight which show
compared with the year preceding, in
that though there are
a diminution as
ularly in the contraction in the corn production. Out of only one other case besides that of corn is the decrease
3,408^ miles operated by the Rock Island at the end of large in amount, namely stone, where the total for 1891
the late fiscal year, no less than 1,125 '85 miles, or about was 225,986 tons, against 305.659 tons for 1890, this
Hence indicating, probably, smaller building operations. Furone-third of the whole, are located in Kansas.
the importance of the falling ofE in the corn yield of
In 1889 Kansas had raised no
that State is evident.
less
than 240,508,000 bushels of corn
;
in 1890 the yield
thermore, only nine items altogether, including both
corn and stone, record a decrease out of the 26 items
If comparison is made with
included in the statement.
was only 55,269,000 bushels. But the situation in the years preceding 1889-90, when, as already said, the
other States was not much better in that regard.
For operations did not include the lines west of the Missouri,
Instance there was a falling off of 117 million bushels
there
is
iu nearly all instances satisfactory growth, thus
in Iowa as compared with the year preceding, and in
warranting the inference that the object lor which the
new lines were provided— that is, to afford an increased
Taking the States of Iowa, Kansas, Nebraska, Illinois amount of traffic is being attained.
and Missouri together, the 1890 yield of corn, according to the figures furnished by the Agricultural
IN MAY.
RAILROAD GROSS
Bureau at Washington, was only 705,809,000 bushels,
At length railroad earnings are beginning to reflect
against 1,217,983,000 bushels in the year preceding.
that State the
Rock Island has 1,065 miles
of
road.
—
EARNINGS
Here is a falling off of fully 512 million bushels,
which shows not only what the Rock Island has
had to contend with, but also what other roads in
the same territory have had to contend with.
That
this
is
is
—poor
time past
grain crops (last season), inactivity of
in rev-
general business, d^'pression in the iron trade, the coke
strike, diminished ore shipments from the JiTorthwest,
evident from a study of the
and some other special circumstances affecting particu-
the chief explanation of the falling
enues in the late year
yery clearly the effects of a series of adverse influences
which have been a feature in their operations for some
off
In order to permit a lar roads. As a result of these conditions, a falling off in
comparison on the leading items of freight, we have revenues on the roads had long been looked for, but to
prepared the following statement from the present and the surprise even of the most sanguine the falling off
past reports.
The figures for the last two years cover did not come, only a few special roads giving evidence
all the lines of the system, both those east and west of of the severity of the depressing influences at work.
the Missouri River; for the years preceding, however, Now for May, however, we have not only quite a number
they cover simply the Rock Island system as it of decreases of large amount, but the roads which
existed before the building of the trans-Missouri report diminished earnings as compared with a year ago
traffic
lines.
figures
in
the report.
form a considerable proportion
of
the whole,
there
JUNR
THE CHKONIOLK
18, 1801.J
less than (!3 of these out of a total of 137
roads altogether included in our statement.
And yet, all things considered, the wonder again is
being no
that the showing in the aggregate should be so favorable.
Notwithstanding the large number of decreases, total
acter of the 1891 results,
[n the following we have
arranged the largo increases last year and the large decreases the present year in parallel columns, so as
to
permit a contrast between the two, and then add separately at the end the prominent increases the present
earnings this year on the 137 roads in our statement
year.
are slightly in excess of the total on the same roads in
May, 1890. The comparison is with a month of extra-
above $40,000
ordinarily heavy earnings last year, and that
is
a feature
877
The
intentioa
PromHtml Inereimaa
at
year.
Atoblaou
Han Franolnoo
added significance to the relagood result now disclosed. But before dwelling Nnrthern Poetflo
N, Y. Ontnil
on this circumstance, which is one of very great im- Cuoadlsn
Paoine
N.o. AT. Pao.(8r"<J»).
portance in any analysis of the figures, we wish first to C,
Ia>uIii.
of course which gives
tively
A
direct attention
the fact
to
that operations this year
working day tliau those of the
That is to say, with 31 days in
the month in both years. May, 1891, contained five
J^undays, while May, 1890, contained only four.
This
alone would make a difference in the earnings of from
8 to 4 per cent of the total for the month, and taking
were based on one
same month
less
last year.
that into consideration
evident that but for the
loss due to this circumstance there would have been a
it
is
much
gain in aggregate earnings not
smaller than in
the previous months of the year.
13
<n
&
Mil. h. 8.
Olilii
.
AW
K. C. F. 8. A M
St. Lonla •'outliwpst'n
8t.
A Mempbls.
Denver A Bio Uraode
Mo. Kan. A Texas
Wlsfonaln Central
Texas APaolflo
.
. .
93,077
79.693
78.1«0
60,404
03,423
0l,7Hi
40,384
75.330
72,948
70,486
66.108
62.149
97.489
5i,,"V77
MoM'fiAOlilo
Orand Trunk of Can
..
Louis....
ANortbern
8.
1<>4,.309
ARIuO
C.
Ft
46,427
134.403
119.159
111,204
A
A
K. C,
1
Tol. St. I„ A K,
Clito. Mil.
Bt. Paul
Doiiv.
Col, H, V. A Tol
Mil. L. 8.
Clilc.
E. Ill
Mil.
A Weatem
Nortbero Paoiao
16n,04«7
East TeniieBsee
1', A K. C
Norfolk A West
Wl». Central
Rich. A Daiiv, ayatem...
Mluii. St. r, A8, 8to. M..
•.
Prominent nrrrraaaa in May
U3a.243
213,S24
200,9/4
194.S36
ie3,4H3
173,082
roada)
<;ie.
amounts
all
Ih
year.
_
A Pto
$181 31S
Orand Trunk
137.294
CtaLN.O.AT. P. (9road«) 1:15,936
9812,470 LoulsvUleANaahnile.
94 «o«
SSS.asO C. C. 0. M BU Loola
94.134
Cblc. 8t.
A
Hay
0. R. Isl.
Rook Island
Ches.
take
to
9710.761
131,710
Naab
Orpat No.
has been
in either year.
99,213
94,164
52.613
48,W66
48,580
48,579
4H.222
48.821
42,882
.onK island
Analyzing now more closely the character of last year's FllutAP.Mar
Rio
Q. Western
exhibit, we find that the statement then was surpassingLABOE INCBEASES IK MAT THIg TBAB.
ly good, the gain being very heavy both in amount and
Cnnadian PaclHc
S,i'!5.000 At«h and San Frnn
$54,075
(ireatNortberu
(3road8).. 111,100 .N. Y. Out. A Western....
52,130
ratio, in fact the best of any month of that year.
Wabnsb
10 ',863 Buff. R. A P
50,251
Paul
97.294 KloOr mie Wc-tcri,
On the 160 roads included in the results at that time s-t
48.490
KIcb. A Dnn V. (8 roads)
81 .800 MoxIcHU Central
47.1 o
78,S51 Norfolk A Wevte.n
the increase was in excess of 4^ niillioD dollars Cbcs. AOhlo
46,800
Loulsv N. OrleauB A Tex.
7.'>,278 8t. Paul A Dulutb
44,001
That this heavy gain of N. Y. Cent. A H. R.
.58,152
($4,565,484), or 13 '79 per cent.
It will be noted how small the list of decreases for
last year, made with the conditions mostly all favorable,
I
I
.
should have been maintained so well the present year *^Iay. 1891. is alongside of the extensive list of large
with so many of the conditions adverse, is in itself the gains for the corresponding month in 1890, and also
strongest evidence of the satisfactory nature of the how very much smaller the dimensions of the losses
present exhibit.
The month, moreover, has been a are, and this result has been reached with one less
pretty good one in all recent years, as will appear working day in 1891 and in the face of a number of
unpropilious circumstances and conditions. Some few
irom the following recapitulation.
of the roads have lost more than they gained last year,
Zaiaitf.
Eamingt.
but most have lost a great deal less, and still others
Increase or
Period.
Tear
rear
Year
T'ar
Decrease.
have
made considerable gain in both years.
For
Oiven.
Preceding.
Given.
Preceding
MiUi.
11*7.1880 (14 roads
Mar. 1881 (iSrosdg)
Umj.isaz (60 roads)
Mar. 1883 (59 madBl
May. 1881 laoroads)
38.906
12.3*5
i7.t(S0
48.862
44.317
47,366
60.066
Mar.lSSt. (6»ro«ta)
May,
May.
May.
May.
May.
May,
Miles.
1880 (6Sroad«]
1887 (:08roada)
1888(109 ruadal
1889(130 roads)
I890(lrf0 roads)
18911 137 roads)
68.167
77.403
86.816
87,220
amount
$
(
t
14,619,613
11,831.041 Inc. 2.816.572
28,968
16,708.654
11,242,197 Inc. 2,466,457
36.949
42,730
89,713
43.637
46.085
57,154
64.210
74,618
20.821,492
18,521.382 Inc. 2.3O3.1J0
19.363.736 Iru. 1.833.882
l: . 457.303 hw.
681.628
>
21.497.057
18.038.831
17.070,179
17.191.366 Dtr. 1.298.837
16.417,538 Inc
658.617
26,132.332
22,594,531 Inc. 3.53;.80l
27.739.727
86.263.317 Ine. 1.486,410
89816.199 Inc. 1.672.011
l&,8i>6.628
.
81.488.240
33,117,753 Inc. 4.665.48
119.388
36.655.029 Inc .
87.fl8J.237
83.589
81.525
36.774,414
of increase
the
Canadian Pacific
this
time
leads all others, having enlarged its earnings $265,000
and
this follows a gain of $213,324 last year.
The
Great Northern system gains $114,400, in addition to
^19.3,463 last year the St. Paul $97,294, in addition to
;
& Ohio $78,851, in addition
$166,997; the New York Central $58,152 (this is
without the Rome Watertown & Ogilensbarg which
shows a loss), in addition to $235,243 the Richmond
$70,486'; the Chesapeake
to
;
What
still
May
IS
here said of the roads collectively applies
more strongly
year
last
to
many
made
of
the roads individually.
record in respect to
a notable
gains of striking magnitude.
The
of
list
sujh
g-iins
&
Danville system $81,800, in addition to $104,309;
and the Norfolk & Western $46,800, in addition to
$115,159.
The East Tennessee gained
heavily last year,
but what the result was on that road the present year
we do not know, as the return is not furnished.
was unusually large and extensive. Thus the .Vtchison
and San Francisco together then had no less than
Perhaps the results on the Atchison offer as striking
832,476 increase
the Northern Pacific, $332,585
an illastration as any. That road runs through the
the New York Central, 1235,243 the Canadian Paci- section where the deficiency in corn production has
fic, $213,324
the Erlanger Roads, $200,524
the been greatest, which circumstance, together with the
;
;
;
;
Louisville
tl93,463
&
;
;
& Nashville,
$194,536
;
the Great Northern,
the Rock Island, $173,082
;
the Chesapeake
Ohio, $166,997 the East Tennessee, $146,427 ; the
St. Paul & Kansas Citv, $134,403 ; the Norfolk $ Western, $115,159; the Wisconsin Central, $111,204; the
;
Eiehmond & Danville system, $104,309,
besides a whole
host of others for smaller amounts.
It is only by considering these numerous heavy gains last year, in connection with the losses and gains shown the present
year, that one fully appreciates the encouraging char-
fact that in
Louis
May
& San
last
year the system (including the St.
Francisco)
showed an improvement, aa
sum of $832,476, had
already said, in the extraordinary
prepared almost every one for a considerable falling oft
the present year ; instead of that we have a further
In some few cases the gains this
and are the result of special
conditions.
Thus the Wabash, Vhich now has an
increase of $100,863, in May, 1890, bad a decrease of
$85,788, the latter having resulted from the war in
increase of 154,075.
year follow
lo.«ses last
year,
THE CHnONlCLR
878
[Vol.
UI.
passenger business and general rate demoralization pre- receipts of which cereals at the Western ports for the
yailing at that time, but which did not exist the present four weeks ending May 30 reached only 20,446,709
The Louisville New Orleans & Texas last year bushels in 1891, against 28,359,438 bushels in the
year.
Chicago, St. Louis,
suffered because of the overflow of the Mississippi, and corresponding period of 1890.
Toledo and Peoria are the points which suffered most,
though Chicago, strange to say, had enlarged receipts of
corn.
The wheat receipts in the aggregate increased,
but about the whole of the gain is at Duluth, showing
an enlarged niovement of spring wheat to that point
but very little change elsewhere. Balow is our usual
hence for 1891, with no such interruption, has a heavily
enlarged total. The same event last year threw a great
deal of extra traffic, diverted from the New Orleans &
Texas, over other roads, like the Mobile & Ohio and the
Erlanger lines, and hence these roads the present year,
with the absence of this special traffic, show losses.
With reference to the influence of the coke strike detailed statement.
and the falling off in the iron ore shijiments, which
was adverted to in our review of the previous month,
the Connellsville strike practically came to an end during May. The result seems to have induced considerable shipments of iron ore from the receiving ports at
Lake Erie to the iron furnaces in Pennsylvania and
Ohio, as is evident from the fact that the Pittsburg &
Western, which in the early weeks of the month
continued
reported
losses
in earnings, in
the later
weeks was able to report gains. On th? other hand,
under the large stocks of ore on hand and the depression in the iron trade, the shipments of ore over the
roads in the Northwest connecting the mines with the
ports on Lake Superior continued on a very restricted
scale, and this will explain the losses in earnings on the
Milwaukee Lake Shore & Western, the Milwaukee &
Northern, the Wisconsin Central, and other roads
The Lake Shore
affected by the same circumstance.
& Western reports a total of only $283,174: in May,
1891, against 1376,551 in May, 1890; but the iron ore
tonnage of the road was but 113,573 tons this year,
against 369,638 tons in the same month last year.
Quite a number of the bituminous coal roads in various parts of the West this time show diminished earnings, as
&
for instance
Toledo,
Southern,
the
the Toledo
the
Iowa
Columbus Hocking Valley
& Ohio
Central,
Central,
and
the
the Ohio
falling
off
RECEIPTS OF FLOUR AND GRAIN FOR FODR
AND SINCE JANDART
Wheat,
0uth.y
Flour,
(bbls.y
Corn,
WEEKS ENDED MAT 30
1.
Oata,
(bush.)
ibusli.)
Barley,
live,
ttntth.)
Chicaon—
*wk9. May, lasi.
4 wks.
May,
Since Jan.
since Jan.
235,200
2f«,395
1H.56I
1,729,231
1,881.897
8,125,093 5,316,603
6,539,1311 8,193,388
»4,0e8.417. 21,928,232
38,304,358 24,175,138
48.),310
ISSl
1830
702.028
756,050
3,815,222
2,989,038
198,214
!«»().
4,103,232
6,131,145
283,08*
843,146
1,112,439
152,743
140,933
l,i37,119
1,263,683
551,326
610,797
2,710,081
2,354,415
107,390
402,160
62,940
333,000
411,990 1,770,081
348,830 1,188,500
160,059
613,900
1,890,380
2,859,818
64,380
103,075
680.882
487,635
1,
1,
Milmnukee—
i wkB. May, ISn
4 wks. .May. 18X>,
Since Jan. 1, 1831
Since Jan. 1, 1880
.
St.
Louis—
1 wks. May, 1891
4 wks. .May, 1890
Since Jan. 1, 1891
Since Jan. 1, 1890
83,466
103,762
638,340
658,714
2,385
12,833
17,795
52,521
S38,045
830,791
2,813,423
1,881,810
6,152,715
9,018,810
81,598,818
1,005,280
1,250,330
3,894,246
4,693,705
3,883
08,250
601.213
831,311
11,841
62,224
88,260
380,810
330,965
121,418
1,059,750
770,343
292,083
1,511,664
1,488,308
0,420,970
18.417
12,518
61.583
79,028
600
460
12,800
22,702
4,865
3,347
19.812
38,801
121,873
134,218
508.888
737,885
201,263
122,056
722.230
668,174
40.017
238,163
645,383
3.087,13;
Tnltdn—
4 wks. May, 1891.
4 wks. May, 1890.
Since Jan.
Since Jan.
1, 18.)1
1,
1890
Detroit
4 wks.
4 wks.
May, 1891.
Mar. 1890,
14.1.^8
231,211
280,238
1891
1890
61,918
77,235
1,525,552
1,222,268
4 wks. May, 1891
4 wks. May. 1H;K)
Since Jan. 1, 1891
1899
49,910
29,334
236,28 -i
145,155
217,374
1,125.711
839,807
4 wks. .May, 1891.
4 wks. May, 1890.
Since Jan. 1, 1801
Since Jan, 1, 1830
9,450
9,78j
68.100
18,082
86.500
73,400
477.500
392,940
4 wks. May. 1831
4 wks. May. 1890
Since Jan. 1, 1891
163,789
331,047
Since Jan.
531,116
1,335,897
447,451
4,512,215
2,912,744
Since Jan.
Since Jan.
1,
1,
0,331
1S,.578
Ulevelnntl--
Since Jan.
1,
151,806
133,655
118,419
719.059
393,807
329,894
273,835
1,363,404
867,032
29,342
88.415
218,812
288,813
43,884
14,400
53,000
431,600
620,500
S.500
27,500
76,450
700
48,491
22,493
Peoria—
713,400
925,900
963,000
1,80.5,000
7.210,801
4,793.000
6,534,000
91,976
32,700
81,876
1,218,829
91,620
131,3S8
90,403
1,043,255
4,928,.500
101,750.
Dututti—
1,
1800
183.'
Minn^-fipolLi—
4 wks. May. 1891
4 wks.
2,197,490
2,141,505
17,710,445
14,023,333
May, 1890.
Since Jan.
Since Jan.
1.
1,
1891
1890
Totnio' til—
wks. May. 1891
4 wks. .Mav. 1890.
Since Jan. 1, 1891
18il0
SlncoJgn.l,
Ji
t
712,386
ooo.o.jo
4,040,578
4.552,215
5,859.968
6,000,936
38,051,138
28,248.143
11,470,313 8,331,117
407,148
235.131
14.408,707 12,118,51.-> 1.304,2321
469,9.34
41,890,71813.1,634,286 7,561,090 1,717,071
87,282,823 39,330,032 10,117,703iB2,092,018;
!
connected with the troubles at the coal mines,
Taking the grain movement at Chicago for the even
though not always as the direct result of a stoppage of
month, instead of merely for four weeks, the result is
work at the mines. The Iowa Central suffered from a
much the same, the loss being somewhat over twc
strike, and the Eastern Illinois and the Hocking
million bushels.
Here is the table, containing also the
Valley and others also experienced some interruption in
provisions movement.
that way, though only for a few days.
The main
RECEIPTS AT CHICAGO DURISO MAY AND SINCE JANU4RT 1.
reason for the decreases, however, is that the compaMay.
Since Januaru 1.
nies all expected a general and prolonged strike, and as
1890.
1889.
1831.
1891.
1890.
1889.
a consequence sent unusual amounts of coal forward in
is
the month preceding, so as to be prepared for the event
when it came, anticipating to that extent future needs
and thus diminishing current requirements. We may
refer to the
Columbus Hocking Valley & Toledo
in
il-
WUeat.bush.
711,718
812,030
367,037
3,687,423
Com. ..bush.
8,858,053
7,122,981
8,305,208
23,622,660
Oats., bush.
Rye., .bush.
Barley.bush.
5,814.296
120,309
9,034,717
4,689.418
328,054
687,683
127,054
410,144
21,401,772
803,770
232,093
Total grain
Flour. bbls.
Pork....bbls.
15,756,471
17,833,583
269,923
810,718
885
8,47tl
1,745
6.813
Cutm'ts.lbB.
8,497,209
Lard
6,807,490
530,116
23,820,818
14,147,434
53-,977
22,424,402
9,029,387
98,834.430
88,297,611
498,250
8,947,678
,
road having borrowed 2,000 cars for
the purpose in question during April.
Many of the Michigan roads, more particularly the
Flint & Pere Marquette and the Crrand Eapids & Indiana, also present rather poor exhibits for May, 1891.
As far as the experience of the road first mentioned is
any guide, it appears that not only is comparison being
made with large totals last year, hut some special circumstances have come in to reduce earnings.
As
against $3,071 earned from the transportation of ice
lustration, that
last year,
the earnings of the Flint
from that
traffic
&
lbs.
LlvehoRsNo
From this we see that,
2,933,621
35,807,698
2,614,721
25,537,609.
23,001,619' 16,808.833
1,081,0,36
497,837
8,823,823
5,036,083
4,575,843
11,898,891
63,545,459
813,590
1,666,066
68,582,883
1,839,637
83,651
130,598,913
67.152,991
2,911.296
49.084,612
1,251,650
18,581
93,038,317
88,201,315
besides the loss in grain.
2,327,168.
West-
ern roads also sustained a loss in provisions, only 885
bbls. of
pork having been received at Chicago in May,
1891, against 8,476 bbls. in May, 1890; only 9^ million
pounds of cutmeats, against 26^ million; and but 5^
million pounds of lard, against 14 million.
of live hogs were
somewhat
in
The
receipts,
excess of the previous
Pere Marquette year, reaching 560,115 head, against 537,977, and
and as against Western roads also had an advantage in the absence of
in May, 1891, were nil,
$33,980 earned from the transportation of logs in 1890,
the earnings on that traffic in the present year were but
the disturbances in rates
$10,694.
and the
which prevailed a year ago.
Considering, however, the loss in grain and provisionsfalling off in ore shipments, it
is
quite encour-
As concerns the more important general influences, aging to find that over half the roads in the Northwest
the grain movement was of course smaller than a year from which we have reports show enlarged earnings as
ago, the loss coming ou corn, oats, barley and rye, the compared with May, 1890, the St. Paul & Duluth,
I
Jink
THE CHBONIGLR
13, 1891.]
besides the Milwaukee &St. PhuI and the Great NorthThe
ern, being distinijuishod for quite heavy gains.
loss of #183,213 on the Rock Island follows presumably
from the short crops in the Southwest.
comparison on 10 leading roads is annexed.
A
six-year
EAuvi.vaa or NUBTawKSTinx li.vis.
M'ly.
Burl. Ced. B. Jt No.
Chic. Mil. & SUPtDl
Chic. R.I. * Pao..
1801.
1800.
1
201.838
1889.
231.830
(
217,710
2.(»7.M8 «.000.25t
1,929.7<)8
*
1.281.798
MW.Oll
1.201,9«)
Iowa Central
iM.oea
187,4ft2
Mil.L.9.*W««t...
283.i7«
180.092
S7a,ui
107,8'W
819.062
01.392
MllwankmftNor..
Mlun. A St. Louis..
et. Paul .t D'llntb.
St.P.MInii.JtMan.
1-O.Oil
142.072
105,268
120,040
777,880
758,8*
Wlscomln Conlral
400,e»i)
452.494
9l.ti3«
1888.
1,802.826
103,030
2^».o^a
92.087
103,001
132,443
743,155
303.IU7
1073M
101,474
020,211
841.290
about a dozen of the Southern roadi, including tho
liouisville & Nashville, full behind.
The Ohetspeske
& Ohio, the Norfolk & Western, the Loaiirille
New Orleans & Texas and tho Richmond & DaoTUle
system have quite noteworthy gains, as already pointed
out.
1887.
BABRIIIOt or lOimiaKK OBODP.
1880.
t
t
191.501
1.7«7,OI»
879
t
818,788
211,855
1,800,718
•930.958
1.767.009
91.018
302.432
75.003
108,492
118,0 77
121.364
144,836
578,617
268,710
110,050
•908,810
199,032
40,956
433.46'!
151,538
May.
1891.
18C0.
U89.
»
1
•
Ctanapeake 40blo
7193M
Clies.Ublo4 8o.W.
165.690
Gtn.N.0.4Tei.P.*
648.664
LaulsTllle4 Nash. 1.478.610
Ii00Ur.N.0.4Tex.
884.081
Mobile 4 Ohio
876.878
Norfolk 4We.tl..
713.6e»
Rich. 4 Danr. sjst. 1.054.900
Boutb Carolina.
09,700
. .
6.5b2.8;S
Total
•
5.783,73«
5.131.449
4,9;8,»62
4,506.730
Total
In the Southwest a few of the roads in addition to the
Atchison record gains, but such roads as the Denver &
Eio Grande, the Texas & Pacific, the Missouri Kansas
& Texas, the St. Louis Southwestern and the Kansas
City Fort Scott & Memphis all show losses.
BARNINOS OF SOnTHWESTEBN OBOUP.
DenTer * Rio Gr
.
K. C. Ft. S. & Mem.
Mo. Kan. li Texas.
Rio Grande West...
8t.L. Southwestern
Bt. 1.. i San Fran
^xas&Paclllc..
Total
1891.
1890.
1889.
«
»
$
o&3,6ao
317,607
024.830
198,900
274.957
638.510
162.517
713,900
425,787
678.258
3.100.857
3.278.027
150,410
281.785
621.061
602.003
1888.
t
647,792
1887.
1888.
t
*
610,068
480,6321
494.129
103.544
809,065
402,890
472,005
611.241
391,232
610.856
75.356
173.718
481.072
836.443
2!905,786
2.089.417
2.679.938
2.415.104
667.090
360.e»4
373,1441
629,220'
107,629
232,929'
434,541
306.92:1
594.000
92,018
108,378
354.809
449.908
receipts $48,490, or over 30 per cent.
has enlarged
Among the trunk lines and Middle Western roads
the losses predominate, which is not strange considering that thLs group embraces several of the bitumits
inous coal roads alluded to above, and also the Michi-
gan
roads,
which have suffered from
special causes,
and
considering furthermore that the group in question
country which would naturally
be most affected by the diminished grain yield and the
The W^abash and the
depression in the iron trade.
ti-averses the section of
um.
«
1
taw
•
474,601
4*0.404
«U.»7b
U6.77S
778.0M
ui.rat
ittjM
U6.W6
uijm
ItMJM
1U4M
4MJ61
t;t,m
1.677.816
158,743
898,798
«77.««6;
l.tM.«M l.«16.SM 1JM.0N 1.6ST.TU
180.874
S4S.t7B
e66M9
Ul,710
971.100
868,791
S0,»S7
e8.8W
641 1S,4J8
lfl6.80«
tuijm
lOMM
810.40S
631,037
741.816
70.760
IM.607
1W.6W
4M.aM
887.196
668307
mjn*
«M4«
M,tt»
4,617.051^j.t4S.sn
8.788.0U «.M0,4U
* Bntire srstem.
t Includes Scioto Valler 4 New njlaod and 8taeoaii4oah
Valler for all the rears. H Richmond 4 Alleohanr estimated.
GROSS EARNIMOS AND MILEAOE IN HAT.
erott Zamingi.
Wants of Soad.
1890.
1891.
Atob. Top. &S. Fe...
B'dsJ'ntlyown'd, "a
2,810,145
Bt. I.. dcSan Fran...
R'dfl j'tly own'n.^s
."jaH.MO
U7.571
144,836
Atlanta .fc Florida ...
Atlanta & WoHt Point
Malt. A Ohio Southw.
Huff. Koch, it Pitts...
Burl. Ced.
5.tl34
28,024
100,923
2«i.8S2
261.828
1,503,000
41,001
9,000
719,848
Rap.&Mo.
Canadian FaciUo
C.Fear* Yad. Val...
Ctiattanooga Union..
Chesapeake & Ohio..
Chca.O. &8o. West'n.
Clilc.
Among the Pacific roads the noteworthy improvement
on the Canadian Pacific has already been referred to.
The Northern Pacific loses $79,693, but this is after a
gain last year of $33'i,o85. The Rio Grande Western
_».«6,ia«
isas.
610.9V7
4.068,127
Not InoludlnK the lines west of Mlisourl Blrer.
May.
[
AEost.
16,'),596
232,934
2,097.518
1,281,798
362,459
133,462
5.620
50,697
Illinuls.
Chic. Milw. &8t. P...
Chic. R. Isl. & Poo...
Chic. 8t.P.<)[Kan. C.
Chic. A West Mich...
Cln.aeof)?. & Ports...
Cln. Jack. & Mack...
Cln N. Orl.&Tcx.P..
Ala Gt..Soutlieru...
N.Orl. A Northeast.
Ala. A Vicksburi?.
VickH.8hr(!V.APac.
Cln. Northwestern...
Cln. Wab. A Mich....
Clev. Akron ACol
Clev. Cln. Ch. A St. h.
Peoria A East. Dlv.
332,022
150,308
82,528
39.919
37,7«-
.
1,728
57,300
71,369
1,024.719
114.119
28,218
177.443
229,4H1
43.702
653.500
Cleveland A Marietta
Colorado Midland
Col. Hock. Val. A Tol.
Col. Shawnee A Hock.
Donv. ARloOraude..
Des Mfdiies A North
Doe M. A N' western.
11, '14
I
.
.
New
I
|
. .
.
.
.
I
.
.
. .
+ 54.167
—6.892
987
+ 13,556
682
524,984
151,613
7,186
28,213
176,320
194.601
1,.329
1,329
—6.7.^7
536
109
87
281
304
926
109
87
281
304
1.046
5.564
1,046
9,407
838
43
043
398
436
836
ta
931
898
436
3,039
71
3,003
231.856;
1,328,000
42,578
10,904
640,997
156,773
240,113
2,000,254
1,465,011
358,931
135,323
5,661
52,804
391,477
160.186
132.782
58.424
35,220
1.735
50,332
72,765
1,118,853
115,011
29,627
170,264
258,90-^l
21,418
713,000
11,447
17.603
51,682
—1,552
+7U
+ 14.603
+ 50.251
+ 29.972
+ 265.000
—1.577
—1 ,904
+78,851
+ 8,823
6,927
6,938
—7,161
+97,294 9,703 9.678
—183,213 3.408 8,339
863
13,528
863
489
+ 139
408
—41
42
42
—2,107
344
344
—59.455
336
336
—9.878
295
299
-50 251
196
106
— 18,.50J 143 143
170
+2,517
170
-7
8
8
203
+ 6.948
203
—1.396
194
104
—94.134 1,735 1.735
—892
351
351
-1.409
105
105
+ 7.179
350
288
—29.421
327
325
164
190
+ 19.284
—60.400 1.637 1.496
42
+397
42
-632
115
115
—11,982
232
232
+ 154
323
823
+ 2,025
153
193
159
199
+ 3,779
—33,010
62
627
606
974
+ 7,852
113
90
4 1.520
—28,267
409
409
—6.899
86
86
-2.357
72
72
—137,294 3,487 3,487
—33.293
339
339
189
189
+ 3,310
+ 19,042
+53,733
+41.625
-847
—3.549
—2.606
— 1.903
—23.370
-368
+ 28.993
—1.312
—12,409
-78,180(
—739
+3,317
-6.468
+8.291
235
62
95
192
825
497
20
415
142
163
671
278
148
72S
90
71
179
62
99
182
829
487
20
316
143
163
671
275
148
72»
90
135
set
+23,482
821
+29,030
-o8.eoe 3,344 8.308
837
937
+19,195
ri«a
800
+75,278
121
1
+ 514
115
61
+ 8.437
+47,185 1.837 1,917
+82.840 1,318 1,318
831
+ 33.998
—98.077
699
—91,980
883
8(8
+ 11.284
139
8«1
sse
+ 1.9B8
17
%l
17
—10,734
863
8(3
—27.061
800
8(5
—63,422 1.807 i.6eo
+ 8,188
+ao7
-92.514
+ 39.768
[
'
18«0.
2,755,978
154,463
16,971
39,700
9'J,514
92,6«S
24,063
Evans. A Indlanap.
26,038
88,148
84,369
EVBnsv. A T. Haute.
212,446
247.456
Flint A Pore Marq...
York Central have done quite well.
101,351
93.499
Florida Cent. A Pen.
14,391
13.071
Fort Worth A Rio G..
TRO.VK I.IN-E3. AXD .MIDDLE A.>10 MIDDLE WESTERS ROADS.
206.199
177,932
Gr.Kikiilds A Indiana
39,673
32,774
Cln. Rich. A Ft. W.
1801.
ifay.
20,576
18,219
Other lines
tOr. Trunk of Canada 1,360,101 1,197,395
1
«
*
278, l.W
244,85
tChle.AGr.Trunk
144,716
156.799
190.923
Bait. & O. Sonthw
72. 23'.;
75,542
fDot.Gr. Hav.A.Mll
77.681
186,494
738, M3H
244.852
777,880
Buff. Rooh. 4 Pitt.
Ot. No. -8. P. M. A M.
«115.133
60,62H
183.673
114,361
Eastern of Ulun...
232.051
Chicago & East. Ill
132,557
90,932
Montana Central..
111,303
120,667
133,102
Chlc.t West. Mich
3,302
2,453
Gulf AChtcai?n
791,105
837,509
CI. Cln.Chlc.4 St. L 1.024,719
14,049
Humeston
10.500
8hon
...
A
107.788
197,144
220.481
Col.Hock. V.iTol.
37,793
35,18
Ind. Deo. A CJiilncy..
07.708
102.620
92,fl«8
283,312
281,509
Det. lianslng & No.
luternal'l A Ot. No..
68,301
71,931
127,452
104,082
Iowa Central
88.U8
B»ansT.*TerroH.
190,15711
3,118
2.750
Iron
Railway
220.082
ai2,41«
Flint&P. Marq....
55,526
84,519
Jack'vllle Southeast.
184.002
224.644
228.925
Grand Rap. & Ind.*
26.827
25.515
Kanawha
Mich..
A
1,460.983 1,228,082
Or. Trunk of Can.t 1,360,101
34,524
22,115
Kan. C. Clin. A 8pr
61,085
88.791
136.637
'Ifou.Brans.i St.L.
425,787
347,607
Kan. C. Ft. 8. A Mem.
184,870
183,192
83,701
82,963
230.017
Kan. C. Mem. it Blr.
liOnls. N.A. i Chic.
26,122
28,639
2.887,080 2.542,622
Keokuk A Westcni
N. Y.Cent.4H.R.«I 3.180.2 «l
252.963
246.495
Lake Erie it Western.
298,035
806468
328.810
Ohto k Mississippi.
33.078
41.369
Hud.
River.
fxthlKh
A
127,434
162,507
105.758
Pittsburg 4 West.
33.252
44. .536
Little Rock A .Mem.
54,006
67,646
104.169
8t.I,.A.4T.H.br'B.
329,284
352.766
LoDK Island
73.401
76,137
94,067
106,511
Tol. 4 Ohio Cent.
1 35.537
Loulsv. Evans. A St.L
939.614
1.024,110
Loulsv. A Nashville.. 1,478,610 1,577.216
Wabash
1.038t647
214.822
230.017
213.323
Louis. N. Alb. A Chic.
814,604
288,000
West. N. ¥. 4 Pa.
158,743
234.021
Lou. N. Orl. A Texas.
7.609.068
8.779,464
36,995
9.636,060
87.509
Loulsv. 8t. L. A Tex.
Total.
9.593
18,030
Lrnchb.
Durham
A
'Aminos. tFoiir weeks. tChlcaxo 4 Indiana Coal not Included here. IBome Mexican Central
517,837
865,002
Watertown 4 UKdensburK not Included.
319,878
392.518
Mexican National
S90.684
324.683
Mexican Railway...
Southern roads have had the advantage of a large
376.551
283,474
Mllw. L. Shore *W...
having
gross
shipments
overland
142.972
120.992
cotton movement, the
Mllw. A Northern. ..
11,040
12.998
Mineral Ranite
the
and
only
bales,
against
28,849
105,268
94.534
been 82,098 bales,
MUm. ASt. Loula....
166.319
139.258
Mliin.Bt.P.*8.8t«H.
receipts at the outports in the South having been 1C8,- Uo. Kans. & Texas.
678.258
624.836
24.983
28.170
Kansas City A Poc.
106 bales, against 51,678 bales. Some other conditions, UobUe A Blrmiug
19.072
19,279
998.79:
276.278
KobUeAObto
however, appear to have been unfavorable, which in Monterey A Mex.Gulf
82.407
72,173
908.054
305.378
counection with the loss of one working day makes Na«h. Chtttt. A 8t. L
Det. Bay City A Alp..
Det. LansinK A Nor
MiUmgt.
Tnereate or
1891.
Dtertate.
»
7.328
181
190
687
327
652
us
1(0
6(7
ir7
6,'
THE CHRONICLE.
880
Gross Eofnings.
Nameof Koad.
1891.
& Gulf
S.Y.Ceut.&Hud.KlT.
Some Wat. & 0»!d
W. Y. & Northern....
Bew
Orleans
K.Y.Ont. &West...
Norfolk
Western.
Jr
Honhern
Pacifle
Ohio & Mississippi...
Ohio & Northwestern
Colum. & MaysTille
OhIoEiver
Ohio Southern
Ohio Valley of Ken..
Peo. Dec. & Evausr.
Pitts. Marion * Chic.
& Western....
Suin. Ouiaha&K. C.
ichmond & Danville
Virginia Mid. Div..
Char. Col. & A. Div.
Col. A- Greeny. Div.
West. No. Car. Div.
Georgia Pac. Div.
Pitt«li.
.
Wash.Oliio&W.Div
&
1,073
60,161
29,934
20,384
68,874
2.858
195,758
20,406
480,950
185,050
70,8110
57,070
89,200
146,620
13,160
li!,050
198.900|
7,938
& Huron
Bt.L.Alt.A-T.H.Brs.
104,169
274,957
170,041
120,282
75.909
36,000
31,340
99,700
462,517
3,238
84,032
28,978
94.087
76,408
8t. Louis Southwes'n.
Bt. Paul&Duluth....
*8iir. Ant. &Ar.Pas8.
Ban Fran. & No. Pac.
Sav. Auier. «fe Mont..
BeattlcL. Sh.&East.
South Carolina
Texas
tfc
Pacific
Tex. Sab. V.
&
North.
Tol.A.Arb.& N.Mich
Tol. Col. & Cinn
Tol. & Ohio Central.
Tol. Peo. c& West ....
Tol. St. L. & K. City
Wabash (consol. sys.)
Western of Alabama.
1.51,758
.
1,038,617
34,377
West. N. Y. & Penn..
Wheel. & Lalce Eric..
Wisconsin Central. ..
+ 1,949
13,989
3,128,094
307,456
50,412
182,567
666.869
1,964,771
328,840
362,001
20,422
18,751
Spar. Div..
Ashe.
Increase or
1891.
Decrease.
15,938
3,186,246
288,191
48,216
234,697
713,669
l,8c5,0
Elo Grande Western.
Bag. Tuscola
1890.
MUea{/t.
283,000
104,082
400,696
+58.152
—19,265
—2,196
+ 52,130
+ 46,800
65
65
1,465
1,420
643
643
61
425
61
371
1,077
1,024
—376
25
25
367
134
367
134
1,112
1,C75
355
393
298
292
518
50
70
^451
+ 2,395
355
393
298
296
566
50
70
446
67
242
-6,82(;
1,227
1,227
+44,001
+ 15.57.+ 5,61'.
+ 10,991
250
646
160
190
247
510
160
175
—7,08.
+6.801
164
9ii
3131
247
1,497
1,497
+ 2,469
+ 1,381
+40,250
—850
+ 8,i70
+ 5,570
+ 6,800
+20,320
+ 760
+ 680
+ 48,490
—40,3>lt
—232
38
+ 141
16,992
+ 100,863
1,924
1.921
-1.857
—14,270
138
138
640
187
828
-t-
98,299'
+ 5,783
452,494
-51,799
6-iO
237
867
1,208,583
LoHisv. Evansv. & St. L.
Louisville & Nashville..
Loulsv. N. Alb. & Chic.
Loulsv. N. Orl. & Texas.
Louisville St. L. & Texas
607,833
7,657,993
1,040,374
1,483,424
169,818
71,530
2,836,756
1,746,503
1,813,202
Minneajmlis & St. Louis
Minn. St. P. & 8. Ste. M.
Missouri Kan. <t Tex...
Kansas City A Pacific
Mobile & Birmingham.
Mobile*
Ohio....
Monterey AMex. Gulf..
Nashv. Chat.
New Orleans
&
New York &
Northern..
St.
Louis
& Gulf....
N. Y. Cent. & Hud. Riv.
Eome Water. At Ogd..
N. Y. Ontario & West'n.
Norfolk & Western
Northern Pacific
Ohio <s Mississippi
Ohio ii Northwestern...
36,774,414 36,655,0291
..
Columbus & MavsvlUe
Richmond & Danville..
Virginia Midland Div.
Char. Col. A Aug. Div
451
+119,385 87,220 84,525
Only three weeks of May In each year,
For four weeks ending Jlay 30.
*
t
Col.
& Greeny.
West.
No
1
Div...i
Caro. Div..|
Georgia Pacitlc Div...
Wash. Ohio & \V. Div.
Ashcv. & Spar. Div...
Bio Grande Western
Sag. Tuscola & Huron..
St. L. Alt. & T.H. Br'chs'
St. Louis Southwestern
St. Paul & Duluth
San Ant. & Aran. Pass.
Ban Fran. & No. Paclflc.l
Savan. Amer. A Mont.
Seattle L. S.
Eastern .'
South Carolina
Texas & Pacific
Tex. Salfue Val. & N.W.
I
.
.
i
I
QEOSS EAENINGS FEOM JANUAEY
1
TO
MAY
31.
'
<.fc
Name
of Boad.
1891.
Atch. Top. & San. Fe...
Eoadsj'ntlj own'd, ^a.
Bt.Louis & San Fran.
Eoad» J'ntly own'd, "a
Atlanta & Fliuida
Atlanta & West Point..
Ball. & Ohio Soulhwest.
Buff. Roch. & Pittsburg.
Burl. Ced. Rap. <t Nor..
Canadian Pacitlc
Cape Fear ii Yad. Val
Chattanooga Union
Chesapeake & Ohio
Chesap. Ohio i- SoutUw.
Chicago & East. Ill
-
&
Chic. Milw.
Ch
c.
Kock
Bt.
Isl.
&
Paul..
Pac.
.
CUc. St. P. iSiKan.City.
& ^V est Michigan.
Cin. Georg. & Ports
Cin. .lacksou & Mack...
Cin. N.O. 4i Texas Pac.
Chic.
Ala. Great Southern..
& Northeastern..
<te Vicksburg.
Vicksb. Bhrev. &Pac..
Cinn. Northwestern
N.O.
Alabama
Cin. Wabash Ai Michigan
Oleve. Akron & Col
Cle V. Cin. Chic. & St. L
.
Peoria & Eastern
Cleveland & Marietta...
Colorado Midland ...
Col. Hock. \ al. & Toledo
Shawnee & Hook.
Deny, ii Rio Grande
Des Moines & NortU'n..
Des Moines & Northwest
J)ct. Bay City & Alpena
Col.
I>et.
& North'n.
Indianapolis
Lansing
Jivansv.
&
Evansv. & Ti ire Haute
Flint & Pere Marquette.
Florida Cent. & Peuiu
Fort Worth & Rio Gr-..
Gr. Rapids & Indiana..
Cin.Rich.& Ft. Wayne.
Other
tGr.
lines
Trunk
of
Canada
tChlc &Gr. Trunk....
tDet. Gr. H.AMllw.
Great Nor. Bi. P. M.& M.
Eafitcru of
Montana Central...
M
Gull A Chicago
Hunieston & Bheuand'h.
Decatur & Quincy
Int. & Great Northern
Iowa Central
Iron Kailway
Jacksonville Southeast
1.339,2.^1
7,415,063
247.136
39,564
3,333.653
899.666
1,424,419
10,160,190
6,231,273
1,649.354
647,077
24.060
294.777
1,707,997
763,108
455.466
217,998
212,309
8,209
249,745
359,5951
5,193,612
595,397
143,3117
821,482
1,096,397
187,515
3,069,8,'i5
i5,977
80,467
198.823
461,355
127,482
440,818
1,239,010
612.242
85,126
909,904
176,247
89,586
7,525,679
1,557,910
445,646'
3,494,0031
315,109
511,276
14,676
64,9361
176,601
1,395,448!
657.950
15.8901
405,31
126.762
124,869
1,876,210
475,462
Kanawha & Michigan
Kan. City Clin. & Spr.
Kansas C. Ft. S.& Mem.
Kan. City Mem. & Bir
Keokuk ft Western
12.200.434
676,316
2,512,050
662,213
42,441
189.523
915,658
1,081,32^
.
I
154.95(i
1890.
11,999,409
678,468
2,406.427
665.306
43.662
187.471
921. .3 17
777.198
1.197.586
5,931.173
213.984
43.394
3,002,906
778,460
1,213,083
9,664,531
6,828,800
-1,726,499
609,708
22,424
247,401
1,752,763
782,773
530,727
279.486
232.323
7,773
229,195
326,515
5,149,960
613,025
114,322
744,408
1,065,058
98,317
3,091,596
39,612
86,758
227,079
459,772
107,999
391.646
1,296.616
517.104
48,559
1,002,490
183,381
90.075
7,909,375
1,584,406
429,873
3,134,361
198,365
378,14b
18,396
60,616
175,251
1,457,996
635,833
16,638
267,609
115,396
163.363
1,990.982
507.701
139,584
Increase.
Decrease.
&No. Mich...
Toledo Columb. & Cin..
Toledo & Ohio Central..
Toledo Peoria & West'u.
Tol. St. L.ct Kiln. City..
Waba.sh (consol. system)
Tol. A. A.
201,025
2,152
r65i623
3,093
1.221
2,052
5.859
Western of Alabama
Western N. Y. & Penn..'
Wheeling & L.ake Erie
Wisconsin Central
1
.
'
75,261
31,4H8
50.927;
573,105!
770.700
3,202.260
130,817
107,467
1,461 181
365,768
1,561,946
72,406
15.008,926
1,529,716
188.027
1,104.810
3,524,218
8,7^0,405
84,943
4,755
243,250
229,624
115.077
352.J93
16,951
813,552
102,231
2,502,100
902,350
409.950
379,170
421,450
772,070
53,110
61,078
918,716
36,894
550,363
1,562,114
579,304
590.763
284,043
194.747
144.755
720.708
2,617,903
17,008
416,824
539.840
365,274
661.068
4.9W6.606
227.765
1,360,241
492,758
1,910,112
f^
crease.
Decrease,
114,39((
in
9,983
25.385
57.315
115.622
115,848
16,420
90.177
405,117
20,815
41.166
73.708
147,849
145,968
175,854
21,057
6,930
22,029
41,952
84,766
17,126
10,315
123.943
239,699
127,669
8,543
284,073
21,926
32,994
2119,203
283,469
765,673
33,809
4,149
1
,253
8..509
12,830
31,720
53,873
2,042
64,174
7,824
153,200
38,750
23,760
11,432
26.056
39,595
4,312
7,451
300,692
3,990
65,503
101,595
70,037
24.890
32.949
80,357
146.0(l9(
1,254
611. 58p
109,120
2,732,38-<
114,485
16,63"
3,3
461,00
125,567
523.011
374,719
631,878
5,103.19"
218.87f
44,239
10.483
16.829
9,445
29,190
106,591
8,887
1,397.73
450.501
1,897,877
'
Only three weeks of May
597,527
' 77,145
19,66.'.
636,318
1,198,600
136,051
214.440
1.236.738
461.985
7,641.573
950,197
1.078.307
149,003
30,364
2,763,048
1,598,654
1,667,234
1,375,287
615.261
43,997
551,076
812,652
3,117,494
113,691
97,152
1,337,238
126.069
1,434,2
63,863
14,724.853
1,551 642
22I,0j1
835,605
3,240,749
8,024,732
1,654,495
80,494
3,502
234,741
216,794
83,357
298,620
14,909
877,726
91,407
2,348.900
863,600
386.190
367,738
395.394
732.475
48,798
53,627
618,024
32,904
484.860
1,460,549
509,267
565.873
251,094
Total (137 roads) ....] 180,042,038 172,712,257
increase
If et
'
44,766
1,199,4:H3
136,05'
.
3,830
1,352,360!
l,620.68rt
Ohio River
Ohio Southern
Ohio Val. ol Kentucky ..
Peoria Dec. & Evansv..
Pittsb. Marion & Chic.
Pittsburg A Western ...
Quincy Omaha & K. C.
.
Total (137 roads).
161,436
271,755
.
242
286
72
235
247
—23,300
I
1890.
Lake Erie & Western...
Lehigh & Hudson Elver
Uttle Rock & Memphis.
Loup Island
.
67
38
+ 1.661
1891.
Lynchburg & Durham..
Mexican Central
Mexican National.
(Mexican Railway
Mllw. Lake Sh. & West.
Milwaukee & Northern
Mineral Eange
3611
286
72
235
247
451
—9,163
of Road.
1890.
—79,693 4,304 3.651
—33,161
623
623
106
+ 1,671
106
19
+ 328
19
209
+3,937
209
—8,778
140
140
+ 1,397
108
108
254
+ 1,27
254
745
56,224
38,712
18,987
67,597
3,234
193,2s9
19.025
440,700
185,900
62.530
51,500
82.400
126,300
12,400
11,3
150,410
7,48"
101,774
281,785
126,040
104,709
70.297
25,008
38,423
92.899
502,903
3,470
93,195
27,317
117,387
76,267
134,766
937,784
36,234
297,270
yame
[Vol. Ln.
each year.
t
'87,493
42,258
12,235
9,770,388 2,440,607
7,329,781
To May
30.
THE VIRGINIA DEBT.
The Boii(3 holders' Committee, of which Mr. Frederic
P. Olcott (President of the Central Trust Company
of
New York)
is Chairman and Mr. G. S. Ellis is Secrewere in session with the Virginia Commission on
the 2d and 3d of June.
The members of the Virginia
Commissi'^n are
tary,
17,628
29,005
77,074
31,339
89,198
Philip
W, McKmney,
H
Governor of Virginia.
J.
21,741
"6,291
28.256
57,606
Hoge
T.
Wickham,
Senator from Henrico Co,
D. Dabney, of tlie House,
from Albermarle Co.
R, H, Tyler, of the House,
from Prince William Co.
W,
Tyler,
Lieut. Gtovernor of Virginia.
R. H. Cardwell,
Speaker of the House.
Taylor Berry,
Senator from Amherst Co.
The members of the Bondholders' Committee are
Frederic P. Olcott,
Charles D. Dickey, Jr.,
,
92.526
7,134
489
383,696
26,496
William L. Bull,
H.igh R. Garden,
i
Henry Budge,
John Gill.
The members of the Advisory Board for creditora
have frequently been published
they are
Orover
Cleveland, Edward J Phelps, Thomas F. Bayard,
George S. Coe and George G. Williams.
It seems that no conclusion has been reached, and
j
:
4,321
1,350
3,720
62,548
'aajiiVj
that the negotiation
'""74,8
this
137,700
11.366
15,372'
38,494
114,772
32,239
movement
and her
nearly
it is
creditors.
all
is still pending.
As we look upon
a great opportunity for the State
The State of Virginia has funded
of its debt (less one-third
West Virginia portion)
into
set
apart as the
what are known
as consolsj
JUMR
THE CHRONICLR
18. 1801.
881
Tlicsc fiuuling urrungeinonts providod
Committee would never have been formed to take ia
the bonds except upon just luch a broad buiioeM pro*
State to provide, and the unfortunate " tax-receivable" poaitioa as ii embodied in the resolution of the Stat*
coupons have been an element of distress to tiie State. appointing its Joint CommiHsion, and the {lersonncl of
In a recent decision of the Supreme Court of the United the Commiaaion, the Committee and the Advisory
ten-forties, etc.
for an annual interest charge beyond
tlio ability
of the
make it evident that on any less assured
work would not have been undertaken.
The principles of the act of February 14, 1882
States, in the matter of these tax-receivable coupous,
Board
Mr. Justice Bradley used the following language " It
" is certainly to be wished that some arrangement may be
"adopted which will be satisfactory to all the parties
" concerned and relieve the courts as well as the com" monwealth of Virginia, whose name and history recall
"so many interesting associations, from all further
" exhibitions of a controversy that has become a veia"tion and a regret."
On the 5th day of March, 1890, the State of Virginia appointed a commission (1) "to receive proposals
"for funding the whole debt of Virginia upon the
"principles set out in the act of February 14th, 1882;
" provided, however, that no proposal shall be enter" tained which is not supported by a deposit in cash of
" not less than one million dollars, in such depository
"as said commission may designate, to insure the faith"ful performance of the proposal if accepted and rati-
baais the
:
{i.e.,
also
the Riddleberger Bill) are clearly defined therein
and a settlement should only be a matter of coniputa*
tion.
If the Commission and the Committee cannot
agree on the figures let them select any good accountant
in Virginia, or out of it, and act npon his unbiased
report.
We cannot inform our readers how far negotiations
have progressed or in what form they are ; but we sincerely hope that the Bondholders' Committee and the
State Commission will recognize that the settlement of
the debt by the action of both Houses of the Legislature
of the State has ceased to be a question of political
issue.
mere conjecture on our part that the Commisand the Committee are not agreed npon the
" fied as hereinafter set forth. (2.) To agree, subject principles of the Act of Feb. 14, 1882. If they are
"to ratification by the General Assembly of Virginia, not agreed, it would appear to require only a short
" upon the terms of a contract with any parties oflfer- period for them to come together, because the princi" ing a proposal to fund the entire debt of Virginia ples are so clear that any issue only means a barter for
It is
sion
"upon the conditions aforesaid; provided, however, terms. This is strictly true if the joint resolution
" that no proposal shall be entertained which departs appointing the Commission is to govern its action but
"from the Act of February 14th, 1882, save and if political instead of business conditions are to govern,
" except that said proposal may provide another plan then we cannot understand why the Commission waa
;
"for
a sinking fund not
less
favorable to the State
appointed.
The State and the Bondholders' Committee are both
the present, or a lower rate of interest, or a
"longer period for the maturing of the principal, and pledged to settle the debt on the principles of the Bid"that it be expressly declared that the principal of the dleberger Bill. Make your computations and settle
" debt held by the schools and colleges of Virginia at clear the financial atmosphere, »nd give local indus"present shall not be affected, but that said bonds so tries, whose fate hangs in the balance, the benefit of the
" held shall, if sold or transferred by said schools or settlement.
"than
"colleges, be in
all
respects subject to said act of Feb-
"rnary 14, 1882."
The agreement of May 12, 1890, between the bondholders and the Bondholders' Committee, under which
the securities are deposited, recognizes this proposition
of the State
;
and the plan and proposition of the Com-
mittee under date of
November
a settlement thereunder.
ing interest,
amount
to
28, 1890, contemplates
"We understand that, includ-
the defaulted
obligations of
the State
$28,000,000, and that about $23,000,000
have actually been deposited with the Olcott Com-
GO TTON A OREA GE, STAND A ND CONDITION
1891.
We
cannot omit to
call
attention to the marvelous
vindication our acreage figures have received this year.
that kind falls within a
where approximations are
We have claimed no more
the only results possible.
than that for ours, but we have always asserted
estimates the critithat as they were minimum
cism which was everywhere made that they were too
Of course a compilation
department of
of
statistics
It is scarcely necessary for us to
large was a mistake.
add that last season's yield of cotton is a most nnqualitlement of the Virginia debt ought to be a very simple fied justification of the accuracy of onr acreage deducbusiness proposition controlled by the principles set out tions during past years.
in the act of February 14, 1882.
Considering the acThis circumstance would not be worth referring to did
tion the State has taken and the present position of it not cover a fact which is indispensable as a basis for
the Bondholders' Committee, we do not understand reaching an opinion respecting the growth, development
how a settlement can be avoided, and consequently we and product of the cotton plant this summer and in
assume that the adjournment of the session of June 2 all future summers. We demonstrated last June, and
and 3 without reaching a conclusion must have been have made even a fuller demonstration in our acreage
had purely on political grounds, or for consideration reviews on several previous occasions, that the Southern
of details.
States had not secured a full yield en the land planted
It will be remembered that in
It would be a misfortune to the State to have this any season since 1882.
immense mass of obligations, including $5,000,000 of 1882 the crop raised was 6,992,234 bales, from 16,590," tax-receivable " coupons, pass into hostile hands 000 acres planted, or about 194 pounds to the acre. In
and this controversy be thrown into the courts again
the summer of 1887, 1888 and 1889 the product in
and it would be a misfortune for the bondholders, on number of bales marketed was about the same each
mittee.
It appears to us that (eliminating politics) the set-
;
the other hand, to reject a fair accounting and thus year as in 1882, that is about 7 million bales, although
further controversy and delay.
We do not, the acreage had at the close of that period of seven years
however, see how this can happen. The Bondholders' increased over 30 per cent. We do not wonder that
invite
THE CHRONICLR
SB^
some who never follow the weather conditions
closely
inclined (in view of this stationary character of
were
[Vol. LII.
we should not find another so perfect a year as 1882
and 1890 until we reached the summer of 1870. In
the crop measured in bales) to lose faith in acreage our reports with respect to the production of that
But those who have taken the trouble to study year (1870) the yield per acre (although the conditions
carefully our reports each June have known why it of weather and growth were described as being almost
results.
crop was not reached, and have known
one should be reached how very much
larger the yield would prove to be than it had been any
year of our record.
'
It is so important as a basis for future crop estimates
that this fact should be clearly disclosed and recoguized
that we think it needful to present the data respecting
the years since 1882 in detail. And first it is desirable
to state more definitely the close correspondence existing between the product of the summer of 1890 and
what a good year ought to produce on the acreage
The planting for the 1890 crop, as we made
reported.
up the figures a year ago, was 20,852,320 acres. For
the 1882 crop the total planting, as already stated, was
16,590,000 acres ; but as the yield in 1882 was an exceptionally good and full one, the product turned out to be
194 pounds per acre. Figuring a similarly good and
full crop for 1890
that is the same production per acre
(194 pounds) which was reached in the full year of 1882
was that a
that
also
full
if
everywhere favorable) was given at 191 lbs. instead of
194 lbs. It is proper to say in explanation of this
variation of 3 lbs. per acre that
it is not certain there
was any such difference; the product in 1870 may have
been 194 lbs., as in 1882. For instance, suppose the acreage in 1870 was over-estimated a very little (say the
over-estimate was about 1 per cent), a correction in the
acreage in that amount would cover the 3 lbs. of difference
an error of that kind was quite possible in
1870, inasmuch as the planting was largely and generally increased that spring, our record making the acreage in 1870 9,985,000, agaiast 8,766,653 acres (the
Census figures) for 1869; when the tendency sets so
strongly in the direction of an increase in the acreage
as it did in 1870, it is easy in measuring that tendency
to over-estimate it.
Or perhaps a more reasonable supposition is that the pounds per acre (that is, the average
productiveness of the land planted) has increased since
However that may be, the important fact is
1870.
—would bring the 1890 yield up to 4,045,350,080 that these years, 1870, 1882 and 1890, stand out conpounds. The weights of the bales have thus far this spicuously three summers out of twenty-one as
year (1890-91) averaged 502|^ pounds gross, which gives being the only seasons within our record when the
a net of about 472 pounds. In other words, on the 1882 weather conditions experienced in all sections of the
basis (that is 194 pounds per acre) the crop statement South were so nearly favorable as to produce this maxito be made up September 1st should reach 8,570,657 mum average result.
bales.
Judging from the amount that has come into
We have given these figures and circumstances so
sight up to this date the crop is likely to reach not fai prominently and So much in detail solely because of
from that figure. Adding no«v similar figures for the their bearing on the subject under review. The conintervening years, we have the following interesting clusions authorized seem to be obvious.
In the first
comparison.
place there can be no doubt after the exposition made
Crop would
Acltml crop
Ohi-onicle
TUal in
Pounds
have been, nt 1D4 that a perfect year will always be, as it always has been,
;
—
—
—
,
Tears.
Acreage.
Sales.
1882
16,590,000
6,992,231
1883
17,449,000
5,714,052
1884
17,834,000
5,669,021
1885
18,710,000
6,550,215
1886
1887
18,994,000
*
194
149
144
lbs.
per
acre.
6,992,234
7,456,167
7,054,403
6,513,623
1€0
157
8,063,008
19,466,730
7,017,707
164
8,281,893
19,345,430
6,935,082
163
8,361,831
20,309,480
7,313,726
163
8,445,020
20,852,320
8,570,000
•194
8,670,657
1888
1889
1890
per acre.
7,959,936
a rare event.
Note in the above the steady growth in acreage year
by year note also how capricious the yield has been
on the acreage planted, as most clearly appears in the
column giving the pounds produced per acre. For
;
summer of 1884 the production fell to
the very low average of 144 pounds and again in 1886
the rate per acre was only 157 pounds. Note also the
further fact that it has taken just nine years to bring
instance in the
cannot,
for
instance,
anticipate,
such conditions in the summer of 1891 or in any summer during the next seven at the least. That it is
possible for a perfect year to repeat itself sooner than
we have stated we do not deny; we only say, in the
light of the facts we have given, that it is an event not
at all likely to
Estimated.
We
according to the law of averages which the investigation made discloses, that we shall have a recurrence of
happen.
same time no one should forget that in
accordance with the teaching and experience of the
past the consumer can depend with no little confidence
upon a gradual increase in the land put under cotton.
There may be, and no doubt will be, years when a little
But
at the
set-back in acreage will have to be recorded; but unless
the consumption of the raw material by spinners be-
comes more stationary than in the past, cotton cultivathe country around to a second full crop; that is to say, tion will continue to develop and the next decade tell
the cotton States produced an average of 194 pounds the story of another stride in that industry no less
per acre in the summer of 1882, but have not done as important than the ten-year record from 1880 to 1890.
well any summer since until the summer of 1890. And Of course growth in acreage means growth in producfinally note (in the last column of the above compila- tion
and just as it happened in 1887 and 1888 and
;
tion) what would have been the total yield each year 1889, when we had three years with the yield equaling
since 1882 iu bales had the South produced a full crop the perfect year of 1882 although the crops were not
every summer, that is in case the yield had been 194 full crops, so four or five years from now we may ou
pounds per acre. These
final figures
interesting study read
in connection with our yearly
make an extremely moderately
favorable weather conditions equal the production of 1890. We are not prophesyiag; we are only
weather reports or with the recapitulation of those interpreting the rule of averages which experience has
reports given in our annual acreage review.
We have established ; and our conclusions should have no influnot space to enlarge upon those matters on this occasion. ence except as they express the plain teaching of the
There is, however, one other point which we must not facts previously given.
pass over without remark.
We refer to the important
We have left but little room for a reference to the
lact that if we carry our investigations back of 1882 facts recalling the condition of the cotton plant in the
1
THE CHBONICIL&
Jtnra 18, 18B1.1
spring of 1890 and for an analyaia of that year's woathor
Not much room is, liowerer, needed, since the
record.
surroundings wore so generally favorable throughout
the planting and growing seasons. The history of a
year's agricultural development makes a short story
when nothing happens
to disturb the dull uniformity
There was however in 1890 one
circumstanco at the start which was out of the ordinary we refer to the rains and overflows in the Mississippi Valley and its tributaries, and in Texas too, which
of prosperous events.
88$
Annif.
MiMUIIPPI
IHW i(nll)..
l8HH(s.«di
IMTSooO,
taMOlUr).
l8N8lto'f).
inMjlHui'..
18>ni ibad)..
IH-flljfail)..
Arkanrail
iNitoiruih
IIMU ilwi
1
;
made
the
phmt
iu those sections the latter part of
May
iwn
IHW.(ralr)
lHS&(ralr)
18IM(bad
Jl»
backward. But notwithstanding that, wo said in our
acreage report last June that our investigations afforded
*' data for much more definite deductions than did
" similar investigations made in the spring of 1889 or
" in the spring of 1883," and that the situation was
everywhere promising and especially well assured in the
Atlantic States and the Tennessee district.
Of the
(fio-Mi
1
»••
'
..
a (bad).
itsa
(ruii)..
TENKKflrtKK
IHUOifull).
lS,-« (KOudI
1887 5ood
I8H« (fair).
1HH3 jfitir).
18Hi(b«d)..
I)«*S ibiid)..
18aii(full)..
TlXAS.
lH()0(fall)..
ISM (goud)
IH.S8 (iJiKid)
isn JKOOd)
same favorable character too was the summer weather,
IMfWffaIr).
1885 (fair)
for in the latter part of May and in June every condi1884 (bad)..
inRS (bad)..
tion became favorable, so that the backward districts
1883 (full)..
WDrda "bad," "Kood."
^^tbeThe
made rapid progress and accounts from all sections tbM
axKrexate crop (or tbvyeir
"fair" and "fnU"
tss bad, K'kxI.
(air or
abofe
mMA
f'lil.
Consequently the
reflected excellent development.
Cotton Acreage and Stand in 1S91.
standard of comparison by which the spring start in
The spring of 1891 has been of a class of seasons
1891 and all subssquent progress will have to be tried (which by the way do not come infrequently) when it
is a high standard.
is impossible at so early a date to present definite
As a supplement to the foregoing we would like to deductions from the miterial gathered respecting
In this
give our usual summary of rainfall in each State.
But the start and position of the cotton plant.
we can only make room for the thermometer record particular the results reached a year ago, as we at that
that contains the more distinguishing evidence of the time stated, were very different, and especially in the
;
and Middle Southern States, where on the first
quent to the first of June. Remembering that the of June, 1890, the outlook and condition were found
plant at the latter date was excellently well started, to be indisputably good and full of promise. But if we
especially in the Atlantic States and the Memphis go back another twelve months we have a striking condistrict, and backward only in certain portions of the trast with 1890
indeed, the surroundings we reported
Mississippi Valley and Texas, the reader will, through in 1889 were much like those now existing, the whole
this record, find in good part the explanation for the crop outlook in the Atlantic States and in the Tennesproduct turning out a "full" crop.
see district being on the first of June that year backward, irregular and indeterminable, although in Texas
SepUmher.
and in parts of the Gulf States the plant at the same
favorable
conditions
of
the season's
growth
subse-
Atlantic
;
time presented a more assured and positive aspect.
Speaking therefore in general terms of 1891 we
would say in reference to the start and stand as it appears to day, that the actual
and
relative situation of
the area planted is very like the situation in 1889 at
the same date. The spring has been a cold and backward one ^just such a season as always acts adversely
—
throughout the Atlantic section and in some of the
It is hardly
ntore northern portions of the cotton belt.
necessary to say therefore that in all those districts
there is a considerable fraction of the crop which it
pronounce any exact opinion upoa
at present.
A month hence we shall be able to obtaiu
data which will tell us much more clearly than oan be told
now what the crop promise is. This inconclusive character, which any general conclusions that can be drawa
possess, makes it the more necessary to study the details
of information which we have received from our correspondents throughout the South, and which we have
would be
difficult to
summarized below.
188S
(futri
188i ibalj.
18*i(ba<J)..
1883(fall)..
LomsiASA.
18»0(fall)..
IStW wood)
18S!)
uoodi
18S7 (aood)
1888 (fair
1883 (fair,
U8t
(bad)..
1883 (bad).
18!18(tull).
ViKaiNiA.— Preparation? for the new crop ware delayed by
rainy and unspring-like weather, so thit planting bagan later
than in the previous year, and was not completed until th«
the
close of May. Seed came up poorly, some of it rotting in
ground because of the low temperature and wet c jndition of
the land
;
iii
other sections
growth has been retarded.
it
has bean so dry and cold that
S(and»—Ai a result
of these »ur-
roundings the standi are reported on the first of Jane as imgular and not good although tha fields are clein, the land ta
;
rather cloddy in a
broken.
Aortage
of sections, having been wet when
small in this State anl seems to hava
number
is
THE CHRONICLK
884
Undergone no material change. Fertilizers— Gomtsint rains
during the winter and spring interfered with the getting out
home-made manures and commercial sorts have theremore freely.
North Carolina. The wet weather in the early spring
delayed plowing, so that planting operations did not become
active until after the 20th of April, and in a number of localihence
ties little was done until towards the last of the month
of the
fore been taken
—
;
while in somedistricts seeding had been completed by the middle
of May, in others it was not finished until about the first of June.
As an average the season was about ten days later than last
year. Our correspondents agree in stating that the seed germinated very poorly, owing to unfavorable weather, the excessive rainfall of February, March and part of April having
been succeeded by drought, which, with low temperature,
served to check early growth. Throughout almost the whole
of May these conditions appear to have exerted an unfavorable influence. From various causes seed has rotted in the
ground, or failed to come up, and as a consequence a much
greater amount of re-planting than usual has been done.
Stands As the foregoing serves to indicate, the stand is not
good. Much of the late-planted seed was not above ground on
May 31. Late advices by telegraph cover reports of more satisfactory weather conditions, and the expectation of considerable
improvement. The dry weather which retarded the growth of
cotton has acted in like manner on grass and weeds, and the
Acreage The conservfields, consequently, are fairly clean.
ative tendency heretofore noted continues, and while there
have been changes up and down in various districts the decrease in the area under cotton in the State is not large; we
—
—
—
[Vol.
1
IL
put the seed in without the usual careful preparation, and this
always a great disadvantage to the crop. Then came five
weeks' drougiit and land too hard to plow, and it ii only since
recent rains that planting has been completed." Much re-planting has been done, but we are informed that in many cases it
was unnecessary, for as soon as sufiicient rain fell both plantings came up. The Stand is reported poor, as a rule, but over
a pretty large area continued dry weather and low temperature
checked growth to such an extent that it is only since the
beginning of the last week of May that a stand is being
is
Needed rains have fallen lately, and a considerable
improvement is already noted. Fields are generally clear of
weeds and grass. Acreage A disposition is manifest to decrease rather than add to the acreage. The reduction, howsecured.
—
ever, has not been large, averaging for the State only
per cent.
Fertilizers of both sorts
have been used a
about 3
little
more
freely than in the previous year.
Florida.
—The
planting season differed but little from that
After being completed, and with the exception
of low temperature at night in some localities, the conditions
were satisfactory, so that in general the seed germinated well.
Very little re- planting has been necessary. The S(a>id secured
is, as a rule, good.
In fact one correspondent says that the
prospect is the best in his recollection. June opens with a
continuation of favorable weather, and thus holds out a good
promise for the State. Fields are clear of weeds and grass.
Acreage has been decreased in about all directions, but the
loss compared with the total area is not more than 3 per cent.
of a year ago.
Fertilizers are receiving
commercial
more attention
yearly, especially the
varieties.
—
Alabama. The same complaint comes from Alabama as
estimate it at 2 per cent. Fertilizers Commercial sorts have
been more largely used, in some instances displacing the from the Atlantic States an unfavorable early spring. In
home-made varieties.
fact it seems that the preparation of the land was not nearly
SoDTH Carolina. As was the case in a very large section so thorough as last year, the wet weather of February and
of the cotton-belt, planting began in South Carolina later March delaying work. As an immediate result the time of
than in 1890, and making slow progress in consequence of planting was from a week to two weeks behind 1890. The
unsatisfactory conditions was not completed generally until early planted seed that put into the ground prior to the midafter the middle of May. The seed came up slowly on ac- dle of April came up fiirly well, but later plantings being
count of drought and cold weather in the latter part of April adversely affected by drought and a low range of therand first half of May, but on the whole germinated fairly mometer started poorly. These same influences continued to
well. As a result of the absence of moisture in April re- prevail until the middle of May, and as a consequence the crop
planting has been required to a greater extent than is ordi- is backward. Since that time, however, a material improvenarily the case, and the Sea Island districts seem to have suf- ment in the conditions has occurred; needed rains have fallen
fered most in this respect. Since about the twentieth of May in many localities, and the temperature has been higher. The
the conditions, especially as regards rainfall, have been more causes which delayed germination also acted to render necesfavorable, and the crop is making better progress. Stands from sary a greater amount of re-planting than is ordinarily the
the earliest plantings are reported as good. Late-planted seed case, and in one instance we are informed that cotton haa
is only just now coming up, but promises a fair stand.
Alto- been plowed up and corn put in. Stand Growth has in
gether the crop is fully two weeks later than last y«ar, but general be*n so slow that much cotton at latest mail
under the stimulus of the forcing weather now prevailing dates was only just coming up, but where a stand
Acreage has been added to in some had been secured it ranged from fair to good.
The
is growing rapidly.
districts in a slight degree, but a reduction of area elsewhere fields
from weeds
are
on the whole very free
has more that offset this. In fact, a careful analysis of our and grass. We learn by telegraph that since the 1st of June
returns leads us to the conclusion that the total acreage under prospects have considerably improved, and that now the plant
cotton has suffered a decrease of about 1 per cent. Fertil- is growing vigorously. Acreage. The very full yield of last
izers In almost all directions there appears to be a disposition year having reduced the profit to the farmers, the tendency to
towards an increase! use of manures, but the increase has increase arja has been checked, and a decrease is noted
been most marked in commercial sorts.
in many sections. There does not, however, appear to have
Georgia. The adverse meteorological conditions which been any large and general contraction in cotton planting,
prevailed in the Carolinas in the spring likewise acted as a some planters even reporting an increase. Altogether we estideterring influence in (Jeorgia. In an average year planting mate a probable falling off of 3 per cent in tin cotton area.
begins about the middle of March, but it was only in rare Fertilizers More attention has been given to fertilizers, and
instances that any seed was put into the ground before the first in some localities the takings of commercial sorts has increased
jfit April, and in the State as a whole planting did not become
25 per cent.
general until April 15. The work, moreover, was to some
It will be remembered that last spring a large
Mississippi.
extent carried on in an intermittent manner, being stopped at part of the most productive soil of Mississippi was under
times on account of the condition of the ground.
The water from early in March until after the first of May. This
finish was therefore quite late— nowhere until after the first year the overflow was not only much less important, affecting
of May, and in a number of cases not till near the close of the a smaller area, but the water receded earlier, thus interfering
month. The reports as to the start are in direct contrast to less with farm work. The difference is more apparent when
those received last year. Almost all of our correspondents it is stated that on some low lands planting began this year as
state that the seed germinated poorly, this result being ascrib- early as the first of April and was completed by the end of
able to various causes, prominent among which were low the month, whereas in 1890 in the same territory no seed was
temperature and lack of moisture.
Furthermore, we are put into the ground until near the middle of May. On
informed that the proportion of defective seed has been uplands planting was slightly later this year than last. Our
greater than in former years, and this is said to be due, prob- reports as to the start vary widely.
Some corresponably, to long exposure in the fall. A valued correspondent dents say that the seed came up well, others poorly, but the
remarks: " There is a distinct deficiency in the preparation of weight of evidence seems to be that the early-planted seed
the land this year. Excessive rains during the earlier months germinated best, that put into the ground later having been
prevented all plowing. Planting time found the land still adversely affected by drought and cold at night. In fact a
unbroken by the plow. Planters went to work hurriedly and considerable part of the late-planted seed did not show above
—
—
—
—
—
—
—
—
—
—
i
I
JUNR
ground
IRK CHROMIOLK
18. 1891.
until
Iiist
necessiiry, rntiu-r
lialf
Some
of Miiy.
more tlmn the
Since about the twentieth of
year.
re-planting has bo<-n
avera)(«, but less than last
May
tlie
conditions have
been more favorable, beneficial rains having; fallen, but the
temperature did not becoiie generally favorable to cotton
Rain ia still needed at some
imtil the close of the month.
points. Standa range from poor to very good, the latter
having been from early-planted seed. Growth has been more
rapid within the last ten days and the outlook ia consequently
much
better.
also kept
down
The conditions which retarded the cotton plant
grass and weeds, and as a result the fields are
—a few correspondents
—
say remarkably so. Acreage.
land heretofore in cotton has this year been put in corn,
and the tendency everywhere has been to add but little to the
area. After a careful analysis of our returns, we estimate the
decrease in acreage at two per cent. Fertilizers have been
taken less freely in some sections and more in others, but they
are not largely used.
LouisiAJ^A. The cotton-growing sections of Louisiana were
not this year appreciably affected by the high water in the
Mississippi River, the inundated lands being chiefly those
devoted to rice and sugar culture. Planting in bottom lands
was consequently completed much earlier than in 1890. On
the uplands, however, planting did not begin this year until the
latter part of March, and was not finished generally until some
time in May, or over two weeks behind a year ago. The lateness of the season was due to an excess of rain in January,
February and March, delaying preparation of the soil, and the
dry weather and cold nights subsequently. All the seed had
not come up the latter part of May, and much of that which
was up had germinated poorly owing to the absence of rain as
well as to the low temperature at night. The earliest-planted
seed, however, came up fairly well. From various causes— bad
seed, drought and cold weather a larger percentage than
usual of re-planting has hal to be done. There has been, as
stated, a deSciency in rainfall for some weeks past which, in
connection with the unseasonable temperature, has served to
keep the plant back. Stands The stand from early-planted
seed is on the whole good, but later sowings at present are not
promising. A general rain is needed. Fields are unusually
dean, grass and weeds in common with cotton having had
little chance to grow.
Acreage— Out returns warrant but
little change in land under cotton.
We estimate the area
at 1 per cent less than last year. Fertilizers There has been
a very large increase in the use of fertilizers, more especially
clean
Some
—
—
—
—
commercial varieties.
Arkansas. Planting began as early as the first of April in
a few districts of Arkansas, but did not become active until
after the middle of the month. The finish was from May 1 to
30, according to locality, the season on the average being
about a week later than last year. As to the start our returns
vary widely, reports in one instance stating that seed germinated very well, while other advices from the same district
say poorly. It would seem, however, that the start was more
satisfactory in the central portion of the State than elsewhere,
correspondents in the river counties agreeing that germination was slow. In some cases, where first planting died out in
consequence of cool weather, the soil was re-seedod so promptly that the plant is now up. That the weather has been unseasonable during the greater part of the spring the analyses
of the returns we have received clearly show, like causes
having checked the development of cotton here as
in other States. The effect, however, does not appear
to
have been so pronounced as along the Atlantic.
The crop is, neverthele:>8, a late one. Stands A few correspondents state that stands are not good, but our other returns
range from fair to good, and one says rarely ever better. The
conditions have materially improved since the 20th of May,
—
—
and the crop prospect is now fairly satUfactory. Fields are in
a good state of cultivation. Acreage Same laad heretofore
—
devoted to cotton has been turned into corn, but this is not a
general feature by any means, a tendency in other sections
being evident to add to the cotton area. On the whole we are
of the opinion that there has been no material change either
way and we leave the figures of last year unchanged. Fertilizers are used to a limited extent only.
Tennessee. The same may be remarked of the start in
Tennessee as in most other States; it was late. In a few districts
planting began about the first of April, but at the close of May
there were some sections that were only just finishing up.
Low temperature and dry weather delayed germination, but
—
885
the early plantings
came up w«U.
oamo up
after the middle of April
portion of
it
had to be
re>plante<l.
in other parts of the South, that
Sfl«<l
put into (ha groawt
sod a ooiuridersbl*
The conplalat here b. aa
continued drj and oool
poorly,
weather haa kept b%ck the plant, but there has beeo a marind
improvement In this particular aiooe the beginning of the laat
week in May. Stands in a few oaaea are laid to be good, but
the general tenor of our returns is that they were not good at
the date (June 1) when our mail return-i were made up, the
rains not having had time to have any marked effect. Tb*
conditions have not favored tho growth of ^nm and weeda.
Acreage Various causes are given as an explanation of a decrease in area lack of seed, planting of potatoes, Ac, in placa
of cotton, &c.; the loss, nevertheless, does not seem to have>
been more than an average of 8 per cent of the total acreag*
of the State. Fertilizers have received slightly greater attflo-
—
—
tion.
—
Tkxas. While the planting season this year in Texas did
not differ from that of 1890, it was a little later than in an
average rear. Qermination was rather slow in many sections
of the State, owing to cool weather and absence of moisture,
but our reports indicate that on the whole the seed came np
well.
Continued low temperature and insufficient rainfall
acted as a check upon growth up to about the middle of Hay,
and in consequence the plant is later than it sometimes is.
severe storm of wind, rain and hail pt^sed over a number o(
counties in North Texa4 on
ty 17, but the damiige, which at
first appeared to be considerable, proves to have been comparatively slight, considered in conaection with tha total area
under cotton. Re-planting has been necessary in overflowed
bottom lands along the Brazos, but not much elsewhere. The
conditions during the latter part of May were quite favorable,
but at some points rain was beginning to be needed. Standa
are reported good as a rule, though the plant is small. The
Since the
fields are unusually free of foreign ve2;etation.
first of June our advices indicate that the temperature haa
been higher, and while cotton is doing very well rain would be
very beneficial. Although in places, the crop ia later, it is fully
as promising as at this time a year ago. Acreage So much
new land is being opened up each year, the cotton area is
naturally increased. This season the addition in some dis.
tricts has been as high as fifteen per cent, and in the average
for the whole State the gain over 183D is fully 5 per cent.
Fertilizers are used but little, yet tha takings of the commer-
A
M
—
have been heavier this season.
Indian Tebbitory. Planting began nearly three weeks
Seed came
later than a year ago, or about the 23th of April.
up well, but germination was slow in consequence of low temOf late however the conditions have
perature at night.
been quite favorable. Practically no re-planting has been required. Stands are reported good; the fields are clean and
well cultivated. The prospect for cotton on the first of Jane
was very good. Acreage, as is natural in a new country, haa
largely increased. Of course the total land under cotton is
still small, but our reports indicate that it haa been added to
cial sorts
—
this year fully 12 per cent.
Fertilizers are not used.
CONCLUSIONS.
They may be briefly stated as follows
FirsL As afEectiag acreage we would
:
—
say that the
tendency so conspicuous last year to enlarge the oalWe of
tivation of cotton is not a feature this year.
course do not mean that there has been no increase
anywhere in the amount of land put under this staple
we mean simply that there is no general inclination of
that kind observable, but on the contrary a dispositioa
is apparent to be more conservative, not expressed
through a large and universal contraction but by modeAccording to our view
rate action in that direction.
the results reported, contrasted with the apparent intent
look much as if all planters
purposed to have the area curtailed, but a consider-
to contract the acreage,
able portion of
them had
left it to their
neighbors to do.
Still, omitting Texas there seems to have been a fair
loss, and even including that State there is a decreMe,
although the net decrease is trifling.
This tendency in the direction of a smaller planting
In the first place • smaller
is not at all surprising.
THE CHRONICLE.
886
planting
is
frequently a necessity with some whenever
[Vol. Lll.
excessive since the plant began to
grow
as to interfere
such in the spring as not to permit an
early working of the ground, for all can not command
the appliances, the men and the mules, to " rush things"
Then again there was an
when the opening is late.
obvious over-production of cotton in 1890-91 and prices
have ruled very low, especially since the planting season
with farm work. Consequently the fields are generally
clean.
In the use of fertilizers an increase is reported
opened, with no prospect of an improvement in the
market if another crop like that of 1890-91 was produced this summer. Finally corn and wheat are high
now, and likely to rule high this year, so that there has
belt stated
the weather
is
at
some points and
a decrease at others, but the averabout as last year, except that North Carolina and
Alabama appear to have taken rather more.
age
is
Condition of the plant, in the portion of the cotton
above to be late, is an affair very difficult to
determine accurately. In the Atlantic States our corre(3.
)
—
spondents report the stand from good to poor the
poorest average being in North Carolina, the next
poorest being in Georgia, and South Carolina being the
been a strong inducement to raise food, curtailing cotion-planting if necessary wherever the change could be best of the three. Alabama the latter part of May was
made. Now these are all influences general in their also very backward, but the latest information indicates
application, and have obviously been at work and left a considerably improved condition there; improvement
Even Texas has shared in is true also of the Atlantic States, and in faot of the
their mark in every State.
the tendency tliey have produced, but better weather whole country during the same period, except that
conditions there than have prevailed so widely anywhere Texas and a considerable section east of the Mississippi
elspj with the natural opening up of new land, have
have for a time been complaining of too dry weather.
given cotton acreage a further growth in that State. Altogether the outlook, we repeat, is uncertain perhaps
As we estimate the changes and results, they are as in we may say the jiromise is that we shall have a "good"
the subjoined table.
crop ; there is however a chance that we shall have a
—
"poor" crop but there
" full " crop.
;
Estimated for 1891.
Acreage,
1890.
States.
280,730
Floilda
Alabama
Decrease.
1891.
2 per cent.
1 per cent.
3 per cent.
3 per cent.
3 percent.
2 per cent.
1 per cent.
1,038,180
1,686,020
3,013,100
Gaor^a
1,017,417
1,669,160
3,000,307
272,309
3,009,590
2,912,315
1,098,346
5,214,772
1,497,440
3,102,670
2,971,780
1,109.440
4,966,450 o per cent.
1,497,440
997,250
3 per cent.
109,260 1 t»fir ftt.
Mississippi
Texas
Tennessee
Other Statesi Ters.*..
Total
967,333
120,186
'0-35percentJ20,779,205
20,852,320J
* Tlie
planting of cotton in the Indian Territory Is receiving greatly
increased attention, and we jud^e there has been an increase in other
States and Territories of about 10 ner cent.
'This shows a net decrease from 1890 of 0'35 per cent,
making the
20,779,205 acres in 1891, against
total
30,852,320 in 1890. We add the acreage, &c., for previous years for comparison.
COTTON ACREAGE FOE THE TEARS NAMED— (OOOs Omitted).
[From our own correspondent.]
London, Mav 30, 1891.
The Governor of the Bank of England has induced the
leading London joint-stock banks to co-operate with him in
keeping up rates, and they have therefore been charging
As yet,
throughout the week 414 per cent for discounts.
however, the attempt to maintain rates has not been very
successful, for there is a keen competition for bills on the
part of foreign banks in
London and
also
on the part of
Still, if the
Scotch Banks and English provincial banks.
Seven
combination is maintained, it may yet be successful.
leading joint-stock banks in London hold deposits amount-
ing in round figures to 157^ millions sterling and the Bank of
The
England holds something under 40 millions sterling.
eight banks, therefore, hold between them nearly 200 millions
of deposits, and the total deposits of the United Kingdom
The deare estimated not to exceed 670 millions sterling.
posits held by the private banks are not known and therefore
have to be estimated; but the deposits held by the joint-stock
Therebanks are given in the balance sheets twice a year.
fore the Bank of England and the seven largest joint-stock
banks hold together about one-third of the total deposits of
284 the United Kingdom.
Having command of such vast re
2,984
sources, if the eight banks act energetically together they
2,564
impression upon the
995 can scarcely fail before long to make an
1890-91 1889-90 1889-89 1887-88 1886-87 1885-86
States.
N«rth Carolina.
South Carolina.
Georgia
Florida
Alabama
Mississippi
Ijouisiaua
Texas
Arkansas
Tennessee
1,038
1,680
3,093
1,038
1,653
2,974
1,653
3,066
281
3,103
2,97
1,109
4,967
1,497
278
3,012
2,857
1,088
4,822
1,483
273
270
284
2,953
2,774
1,066
4,506
1,451
2,953
2,693
1,045
4,292
1,411
2,924
2,615
1,015
4,011
1,344
997
109
997
107
968
104
968
lOS
940
103
931
103
20,852
20,309
19,845
19,466
18,994
18,710
All others
.
no possibility of our having
Acre»,
Inereaae.
Kortli Carolina
Boutli Carolina
is
a
Total acreage
l,023i
1,028
1,637
3,066
1,082
1,670
3,006
1,093
1,704
3,067
3,680
1,305
Total production....
8,570
6,935
7,314
7,018
6,514
6,550
Increase in acreage 2-67p.c. 2-34 p.c l-95p.o 2-49 p.c 1-52 p.c 4-91 p.c
Eacr'se in production 17-17PC 5'46 p.c '1-18 pc 7-74 p.c *0-55 pc 15-5ipc
Product per acre, lbs.
194
168
163
164
187
160
market.
The action
of the
Governor in inducing the other banks to
him has added somewhat to the apprehen
sions in the market, for by some it is argued that he would
not be so anxious to keep up rates unless he feared some im-
co-operate with
pending disaster.
tirely unfounded.
We
believe the apprehension to be en-
During the week ended Wednesday night,
it is true, the Bank of England obtained from abroad somewhat over 3 millions sterling in gold, and in the preceeding
* Decrease.
week it obtained about a million sterling; on Thursday it got
Second With regard to the maturity, cultivation an additional million. In a fortnight and a day, therefore, it
and condition of the plant, the conclusions reached are has added to its stock of gold somewhat over 4 millions
as follows.
But against this it is
sterling, and it will probably get more.
send to Russia
(1.) As to Maturity, it is evident from what has been to be borne in mind that the Bank will have to
millions steralready stated that the crop as a whole is a late one. in the next couple of months between IJ^ and 3
It was hoped until quite lately that Russia
ling in gold.
This is particularly true of the Atlantic States, the
would be satisfied with a million and a half sterling from the
Memphis district, a large portion of Alabama and Bank of England, but it now requires an additional amount;
smaller portions of the other States.
On the other and this is over and above the million and a half sent by the
hand, in Texas and ia all the districts which were Messrs. Rothschild. Altogether, therefore, Russia is taking
4i^ millions
flooded last year, the plant is no doubt more advanced from London at least 3 millions and perhaps
sterling in gold, a million sterling having been sent last week.
.
—
than
it
was then.
Naturally the Bank is anxious to keep all the gold it has nowThere got so as to be able to supply Ru.ssia without disturbing the
have been very few sections where rains have proved so market. The general impression here, too, is that the United
(2.)
Cultivation
is
progressing fairly well.
June
THE CHEONIOLE.
18, 1891.
states will take l)ack by and by all the gold it has reoently
sent to Europe, and that thorpfore the autumn is likely to see
a trying and ^stringent money market, not only in London
but in Paris and
The
silver
B(.-rlin
as well.
market continues
lifeless
and inactive; the
ations in the price are quite trifling.
was an advance
fluctu-
On Wednesday
there
ounce, but there was a fall on
the following day to 44,<-4d. per ounce. Although the shipments of wheat from India are on an enormous scale just
now, the Indian demand is very slight, and the Indian money
market continues exceedingly easy. On Thursday the Bank of
Bengal lowered its rate of discount from 4 per cent to 8
per cent. There is very little demand either for our own Mint
or for the Continent.
The Hungarian Finance Minister stated in the Hungarian
Parliament at the beginning of this week that on the 15th of
January he had laid before his colleagues a detailed plan for
the resumption of specie payments, that the plan was adopted
unanimously, and that negotiations had begun on the basis of
this plan with the Austrian Government.
He added that the
Austrian Goyernment was as anxious for resumption as his
own, but he pointed out that it would be difficult just now to
obtain gold. In the present state of the markets of Western
Europe it is evidently impossible to raise a large Austro-Hungarian loan, and without a loan resumption cannot be efifected;
therefore the operation will have to be put off for a couple of
years. But as soon as the opportunity is favorable it is to be
undertaken. The Minister explained that this decision had
been arrived at for political as well as economic reasons,
which is taken to mean that Austria-Hungary is so closly connected with Germany, politically, financially and commercially, that it is found expedient to have the same money its
Germany. If so, gold will be adopted as the standard of
to 44
.'>-16J. [ler
value.
Our colonies have received a fresh warning this week that
they must not go on borrowing on the scale of recent years.
The Bank of England on Wednesday offered for tender a
Queensland loan of 2}^ millions sterling, bearing interest at
per cent, the minimum price being fixed at 94, and less
than £300,000 was subscribed for that is to say, not oneeighth of the amount offered was taken by the public. In
March of last year a Queensland loan of 21^ millions sterling
was subscribed for three times over, though the minimum
price then was fixed at 97. The failure of the issue is of
course a natural consequence of the crisis through which we
are passing, of uncertainty as to the future of the money market, of the general impression that prices are likely to decline
and of the conviction that the colonies have been borrowing
too freely of late. Besides, the syndicates which used to subscribe for colonial loans have now broken down, and subscriptions consequently are dependent upon the investing
public proper but for the present the investing public is
doing very little.
m
;
;
887
widespread distrust, the rumom reap«cUng floanci*
that are again and again circulated, the apprelieniioiM
retpeoting Pari* and Berlin, and the DDfarorable newa fram
South America, all combine to discourage operations. Specnlators, therefore, are either doing nothing, or are ofteratiag
for the fall, and the investing public is keeping aloof.
Th*
crisis in the Argentine Republic is again exciting grav*
anxiety.
The premium on gold has riaen to 3M per cent,
the
hoiuM
showing that the public is losing confidence in the Oorenment.
The best informed hope that the elections will pass
over without serious political disturbance; lint it is evident
that there is much doubt whether the Oovemment is strong
enough to resist the pressure being put upon it to allow
farther paper issues.
The national government deairea to
avoid further issues, but the provincial government of
Buenoe Ayres and all the parties that supported ex-President
Celman are clamoring for more paper.
In Uragtiay matters are still uncertain, and in Chili the
war shows no signs of coming to an end. The censorship of the telegraphs is so strict that very littlQ trustworthy
news reaches this country. Even the houses here most inticivil
mately connected with the country do not know what to beAt the end of last week it was reported that Iquique
had been bombarded, but on Saturday, Monday and Tuesday
telegrams from agents of London houses at Iquique were received in London in which not a word was said of any bombardment. It is inferred, therefore, that the story is false, and
if so people ask how can one believe anything we are told respecting affairs in Chili ? In Brazil speculation i-t runnings
rampant and though trade is good and the exports large it
is feared that sooner or later there must be a crisis.
Rain is falling plentifully and is gradually improving the
green crops of every kind; but the temperature is low and at
night we often have frost.
The prospects of the grain harvest therefore are not much better; yet the imports continue
lieve.
;
so large that the market
and
prices ore
somewhat
England and Wales last week was 39s. 6d. per quarter,
comparing with 333. 2d. in the corresponding week of last
year, being a rise of about 16 per cent.
Further, the price of
silver fluctuated last week near 44J^d. per ounce and in the
of
corresponding week of last year near 47 J^d. per ounce. Silver
therefore was nearly 6 per cent cheaper than twelve months
before. In both ways therefore the exporter from India has
a great advantage compared with twelve months ago, and he
is taking advantage of the opportunity to ship wheat on an
extraordinary scale.
The following return shows the position of the Bank of
Elngland, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
At the fortnightly settlement which began on Tuesday
morning and ended on Thursday evening there was shown to
be a large speculation for the fall in many departments, but
more particularly in Portuguese, Spanish, Russian, and some
other foreign stocks. In consequence the bears have been
buying back largely, and there has been a sharp rise in interbourse securities. The effect of the purchases of the bears has
been increased by the operations of great speculators in Paris.
The Paris market has for the moment recovered from the
scare caused by the Portuguese crisis, and the leaders of the
market again believe that they can carry all before them.
They have therefore been buying largely, and they profess
that the real state of the Paris Bourse has been misrepresented
abroad, and that there is no danger of a break-down. Many
persons here, however, take a rather gloomy view of the situation in Paris. There is an exceedingly large speculation for
the rise in inter-lxDurse securities of all kinds, several of the
banks are much discredited, and the investing public is
believed to be confining its purchases to French rentes,
French railway debentures, and the like.
It is estimated
by good authorities that the French harvest this year will be
so deficient that France will have to import some millions
sterling worth of wheat, paying for the same largely in gold.
This it is feared will reduce the funds which would otherwise
be employed on the Bourse, and may seriously disturb the
Paris money market.
Here in London there is exceedingly little doing upon the
Stock Exchange, The uncertainties of the money market,
quiet
is
lower than they were a fortnight ago.
The exports from
India are on an extraordinary scale; the harvest this year has
turned out very good, and therefore there is a large surplus to
export. The average price of wheat in the principal markets
isn.
ISM.
isse.
Man a.
Mat».
JTay «8.
£
£
M.SIT.TSO
M.S4S.39n
2l,3r7.e0O
«.3aS,611
S.S87.e38
llS,SSa,aM
lO.lffi.OM
S
Ciraalatloa
PnbllcdeposlU
Other deposlta
tS.2n.Sn
ises.
90.
Mat
a
aMSt310
S.«81,SeO
«S,801,3ST
17,066,147
OOTtrnmoQt aecuriUu
SS.863.6M
9.M1.8S3
S1.S21,S.V)
16.sa6.6Sl
ZI.100.S15
I8.0U,0«S
other securltiei
RMcrre
l«.0a».57V
13,«6e.'Z80
l\UOJU»
W.OSSCOM
lS.nOJS*
24.267.300
and balllon
Prop.UHtitollabilltlM.perct.
Bankrate
perct.
6
S1.7SS.670
SS,t38.18»
W,*aa^t
*3H
WK
Ck>ln
MM
05K
Conaoli
CMTtiu-Uonia retomi
106.tlS.000
2S,1T«.BT8
i*
»
«e»-l6
V7.23S.000
Ki
00 1-16
Ut.ses.000
*
—
VOMIM^
EnalUli Financial IHarketa— Per Oakle.
The daily closing quotations for securities, &c., at London,'
are reported by cable as follows for the week ending June 12:
London.
Silver, per ot
Sal.
d 44%
Cun8olB.new,2% pfrcts. 951,,
do for account
9»»,«
Fr'ch rentes (In l'ari9)fr. 9517'9
102
n. 8. 4iai.o( 1891
12I<«
U.S. 411 of 1907
89>9
Canadian PaoUlo
Cblc. Mil. &8t. Paul.... 65
ailnolii Central
99 >t
113
Lake Hhore
I^ulovlllcdk Nashville..
Mexican Central 4a
76>«
74 >
N. Y. Central Jc Ilud«on.
N. Y. Lake Erie Je West'n
101\
20^
do
2d cong
Norfolk A Wentern.pref.
99 >9
Northern
I'ucUlc, pref...
Pennitvlvnnla
Philadelphia jc Reading.
Union PaclUc
Wabanh. prgf
.%3
09 \
Mt*
1«
46
23 \
JTon.
Tuet.
Wed.
Tkun.
FH.
4498
44«9
44 »8
44»9
»5>1«
»5»,,
44%
9d»,«
M>%
951,,
951,,
951,,
95>4
951,.
95*.«
95-40 96-27>« 95 55 96-824 05-62%
102
102
1103
102
102
JOO
12I1« 121>g 'zll9%
80>«
tK>%
80%
80»8
80«i
I
12m
65 >*
99\
64%
99 >i
112i<
76',
iia<*
74 >a
102 >
tea
WH
76%
74>4
30>«
09 >,
53 >a
70 1«
99 <,
51 >4
51*4
I6«4
16
46 >t
23 >,
46M
23 >•
S3H
69%
65%
99
112
65%
99%
111%
75%
75%
74%
102 >«
101%
20%
90%
74 «
20*4
99>t
53%
53%
<t9%
611,
«J9%
15%
46
22%
51%
157.
46%
22%
«5%
99%
75%
74%
101%
10%
111%
M>
Sl%
16%
45%
22%
[Vol. LII.
IHE CHiiOJNlCLii.
The
supply of grain, comprising the stocks in granar j
(£>amnxcvcinl nnA l^tscelXancottg ^cms at the principal
ooiuts of accumulation at lake and seaboard
888
visible
Imports and Exports for the Week.— The imports of
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were $7,965,157, against $10,451,651 the
preceding week and $10,431,158 two weeks previous. The
exports for the week ended June 9 amounted to $7,610,763,
against $6,269,767 last week and $6,078,373 two weeks previous.
last
nie following are the imports at New York for the week
ending (for dry goods) June 4 and for the week ending (for
general merchandise) June 5 also totals since the beginning
of the first week in January.
;
KKW
FOBEION IMPOBT8 AT
For Week.
Dry Goods
Cten'l mer'dise.
Total
Situe Jan.
TOBK.
7,211,333
$1,314,724
6,650,433
$8,731,317
$9,277,283
$7,965,157
$1 ,519,9841
$8,703,476
$67,284,847
166,242,481
$63,229,282
161,808,312
$59,579,007
154,006,317
6«n'l mer'dise.
In store at—
brtith.
SowYork
Do adoat.
Buffalo
CtttoaKO
Milwaukee
Daluth
.
Detroit
Oswego
Louis
8t.
Do
$55,075,371
186,716,466
Hye.
bn^h..
8,927
34.000
28,896
'"4',6o6
9,286
72,0' 10
412,258
39,863
24.420
41,138
131,358
19,818
104.473
103,910
27,452
159,456
lr.1,915
236,993
4,602,929
1,691
64.581
30,429
72 1,903 1,365,455
1,656,000
257,300
Peoria
Indianapolis
Baltimore
Minneapolis
Mississippi...
26.4,i7
1,391
1«1,V2«
37.413
3.126
40,683
"2,480
1,051
2,808
2,617
"i'.sei
"4,006
40,000
59,103
42,000
136,431
137.620
149.753
6,0)0
2,524
7,719
9,288
27,000
40,710
"4,484
"2',i69
65,42.9
87,731
5,011
83,075
906,864
131,200
4,961
On Lakes
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 9 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE WEEK.
June 6, '91. 16.477,405 5,606,8^7 4,549,391 304.8^9
Tot.Mar30. '91. 17,192,723 5,153.738 4.213,568 315.271
69 -,400
Tot, June 7, '90. 21,791.137 14,214,009 6,167. giS
Tot, June 8, '89. 18,892.181 12,020.237 6,333,310 1,067.2 9
Tot. June 9, '88. 25,752,815 11,105,065 5,3^9,313
212,985
On canal &
10,738
16,5o6
Total 23 weeks. $213, 585,324 $225,037 574 $233,527,328 $241,791,8 37
,
Bartsy
4.1.258
afloat
Toronto
Montreal
PhUadelphla
Oa
Oatt,
bnsh.
401,275 1,023,011
13,000
32,300
23,000
1,054.10?
170.268
132,0U
2,998, 6'>5 2,014,710 1,277,452
146,195
9.«96
3,572
2,641,037
28,879
11,259
1-J8.ii2 4
80.S59
24,714
174.125
52,304
54,679
20.000
176,144
461.260 136,424
Albany
Toledo
Oom,
btith.
947.571
256,300
Kansas <ity....
1.
Dry Goods
1891:
Wheat,
6,
boaton...., ......
$1,841,674
7,435,609
$1,446,897
7,256,579
June
Clnolnnati
1891.
1890.
1889.
1888.
parts,
river.
8,500
146,274
17H,767
Tot.
5-16,811
3-io,623
262,201
—
The new bank in the leather district to be known as the
Hide & Leather National wiU open its doors for business on
Wednesday, June 17. The bank is located on the fir^t floor of
Prev. reported.
the Healy Building which has just been built on the corner of
The bank starts under favorable
Total 23 weelrs. $130,445,842 $152,826,342 $119,419,110 $155,795,033 Gold and Ferry streets.
auspices, many of the prominent firms in the "Swamp"
The following table shows the exports and imports of specie being interested in its success.
at the port of New York for the week ending June 6 and since
— Messrs. Vermilye & Co. make the announcement that the
Jan. 1, 1891, and for the corresponding periods in 1890 and
option given to the Pacific of Missouri second mortgage bond1891:
holders to extend their bonds at 5 per cent in gold to 1938 will
EXPORTS AND IMPOSTS OF SPECIE AT KBW TORK.
expire on the 25th inst. It is stated that a large number of
ExiJorts.
Imports.
the bonds have already been extended. The new coupon
Gold.
Week.
sheets are now being attached to the old bonds by the MercanWeek.
Since Jan. 1.
Since Jan.
tile Trust Company.
Great Britain
$5,350,000 $31,000,607
Parties with capital desirous of forming a new firna, or of
France
1,000,000 11,946,583
$2'i8,690
Germany
13,530,377
329,784 giving a position to a party with valuable connections, are
1888.
For the week..
1890.
1891.
$5,247,636
144,201,474
$7,610,762
148,184,271
1889.
$6,382,344
$4,748,731
125,696,111! 146,443,998
—
West Indies
Mexico
Bouth America
1,849,979
9,205
1,427.005
22,300
$5;9"l6
578 757
26.866
47,760
23,125
90.190
403,071
$6,414,835 $59,786,056
59.202
3,093,453
4,997,080| 27,761,253
$74,560
40,302
166,111
$1,645,017
4,117,171
3,406,190
2.005
62,830
All ether countries..
Total 1891
Total 1890
Total 1889
Imports.
Exports.
Silver.
Since Jan.l.
Week.
Great Britata
$560,577
Week.
Since Jan.l.
$5,827,935
326,084
West
...
2'i2,560
All other countries..
43,000
289,696
74,735
"3,281
500
$6,774,010
8,658,194
9,011,24S
$3,781
319,040
2,632
Indies......
Bonth America
Total 1891
Total 1890
Total 1889
$560,577
336)900
$20,632
83 515
112 478
147,964
407,150
$771,739
2,699,348
736,634
The movement of breadsculfs to market is indicated in tie
tatement below, prepared by us from the figures of the New
ycrk Produce Exchange,
We first give the receipts a'
"Weet em lake and river ports, arranged so as to present thtoomparative movement for the week ending June 6, 1891.
an'' Rinop 'Vu.jiiNt I, for
each of the
asked to notice the advertisement signed " Broker," in today's Cheonicle.
—
The Executive Council of the American Bankers' Association have decided to hold their annual convention at New
Orleans, La,, on October 14 and 15.
—
The date of the maturity of the Providence city bonds
advertised in the Chronicle is 1891 and not 1881, as erroneously printed last week.
Anction Sales.— The followinig were recently sold at auction
by Messrs. R. V. Harnett 6C Co.
Shares.
Shares.
411
20 Farmers' Loan & Tr. Co.. 727%
10 Chatham Nat Bank
12 United States Trust Co. ..809
10 Continental Nat. Bank.... 140
The following were sold by Messrs, Adrian H. Muller
&
Son:
Shares.
Shares.
10 Real Estate Ex. & Auc,
100 Germ&niaL. Ins, Co. 171-181
120
Room, Limited
50 Electro Pneumatic Tran20Thurli.-Wbyl. Co, pf 100-li'OH
sit Co., $10 each.. ,$26 lot.
41 N. Y. Mutual ins, o
100
5 Commonwealth lus, c:o.. 90>«
50 U. 8. Electric 8.vfety Co,. $12
1 The Bklvn Art A89oc'n.f210
lOThurbei, WhjLCo.com.. S7
100 Un'd .N.J.EB.&Canal('os.2-'4
90ia
Bontfs
20 The Celluloid Co
25 Broadway Ins. Co
141
$3,000 The Sheppard Coal &
f. trust bonds,
Guarantee
Tr,
Co.
7058
Coke
Co.
8.
20 Title
&
19it7,J&J
20
10 Hamilton Bauk of N. Y. 1 i7ia
Macon
ii Biriuingh.
75 Bowery Ins. Co
78
$50,000
KB. Co. ol Ga. 1 st 5s, guar,
35 Home Ins, Co
148 &. 148>3
45
11 United States Tr. Co. 787-793
by Ga. Sou. & Florida
15 Lawyers' Title lus. Co... 156
1
last three yrtam-
.
Btceivtt
<a-
Flmtr.
W/l«ai
BMnipnii" Bruh.IV
Okiowo
BlUwaakee.
Dnlntb
.
Touwk. '91
awn* wk.'90
Bame wk.'89
Wnee Auq. t.
1880-Vl
uae-go...
1888-89.
a,
Busfl.321/1,
BW/I.4S
.
1
80,40»
46,037
15.080
128,030
55,336
358.290'
25.603
118.694
234,540
8,149
11.894
25.491
160.55C
704,679
517,7^0
112,644
IIO.OSJ
58,033
106.359
2,7C0
14,500
141,0i)0|
2a9,iK>
2,400
6,600
180,108
2,097,6,14
3,295,568
2,533.07a
123.400
181,901
187,867
1,179,463
6,036,534'
3,756,184
816,528
3,296,355
1,811,574
341,209
69,770
69,015
170,487
9,217,542 101.e'.4.417 87.635 442
10,182,577 107.901,6* 157,474,8»4
8.126.02S 81.601.71'^ 106,288.623
82,618,931
Ftour,
Boston
Montreal
flu. S
1,792.487
12,249
..
..
53.353
.
9,786'
19.064'
49,813
60,880
and ^tuaiictal
THE MERCANTILE NATIONAL BANK
^iXVLhinQ
88.084.938
72.015 835
1,386
7,128
OF TU.K CITY OF NEW YORK,
49
7,818
28,154 307
25,358.149
24.806.439
Capital,
WILLIAVI
No, 1!H Broadway.
$1,000,000 surplus A; Profits, $950,00
KBKDEaiCK B. SCHBNCK, Cashier,
ST. JOHN, President.
-
I
P,
JAMES V, LOTT, Assistant Cashier.
ACCOU.XTS r^OLICITED.
35,011
THIRD NATIONAL BANK
OF THE CITY OF NEW YORK.
4,129.154
6,763 845
4,529.970
porta tor thf
1
$1,000,000
Capital,
WOOnWARD
President HBNBY BUCKHOnT.,yiCB-Presld<!Ot
A89t,Cashi«r.
Cashier J, FBBD'K SWKASY
HK.NBY CH APIN, Ju
Accounts solicited and careful attention to the IntorestB ot Depositors
Kuantuteed.
J. B.
I
I
Wlieat,
buth.
101,996 1,417,700
bbls.
41,253
13,191
Philadelphia.. 29,015
Baltimore.... 47,612
Blohmond ....
5,628
NewOrlean...
4,435
30,728
11.440
.
9.377
The receipts of flour and grain at the aeaboanl
week ended June 6, 1891, follow:
_ A<
ewTork
(
2,6387ia
S.M3
.
111
SI 5.036
100
Detroit..
Olvreland.
Bt. Lonls.
P»orla
B««»l..'5«
60.635
Minneapolis.
Toledo
Oatt.
;h
Corn,
Oats,
BarUy,
bwih.
butK.
buth.
612.100
4ii,605
634,300
69.465
10,000
5ti,9(>2
129.068
62.611
9-j,H0
8,904
93,146
193,692
18,022
3,546
167,.'56.)
61,366
22,000
5,608
33,980
2H,177
17,340
2,310
Total week.. 243.1.-J8 1,8 tl.4''41.2*i5,0')6
899.739
0»r, week '90. 240,476
183,919 1,639,133 1,384,238
hUHh.
23,M2
5D0
2,273
Spencer
Trask
&
Co.,
BANKERS.
and 18 Broad Street, New York Oitr.
PROVlDK.»JCB.
ALBANY N. Y,
SARATOGA, N. Y:
TKAN.SAOT A OK^KItAL, B.VNKING BIJSI\KSS.
Nos. 16
ft.
13,546
6,300
26,315
23,309
1.:
All classes of Securities B mtiht and Sold on Oommission. Special attention
wire to each office and to Pbiladelphia,
given to Investment Securities. Di
Boston and Chicago.
JUNB
THi: CimoNlOLE.
18, 1891.J
The following were the rates of dommtic eirhanccn on New
Tork at the undennontioncd cities to-day: 8*vr
lyinf
Uanliers' CSa^ettt.
3i;he
899
'
selling \,i pruiniuiii
New Orleans, 0<>r
per $1,000 preiniutii: l>aiik, fl DO per |l,000 prom
ton, buying par, wiling ifj premium: St. Fxtuin, 9Uc.
premium; Cnicogo, HO cents per|l.(N)0 preiuiuia.
par,
DIVIDENDS.
Name of Company.
Per
When
Cent.
Payable.
Railroatla.
Boston Revorc Bench A Lynn...
OhloiVK" 8t. P. Miiui i&Om. pref.
OniM'ctloiit Klver (quar.)
I.i liiijli VhIIov ((iiiur.)
JI ;Mili;ittftii Elovi.ted (qiiar.)
Kuw
York &
2
2
July
July
July
4
July
July
Banlu
Clnittt.
(JJayt inttutitr.)
June 15 to Jnly
1
20
June 7
to
to
June 17
June 16
to July
to July
1
Interetl
June 21
July
i11l«r>-llHnf>nna.
American Bell Telephone (qnar ).
do
extra. .
do
3
American SuRnr Kenning
do
pref.
do
Fifth ATomio Safe Deposit
si«! July
...
8
2'fl
\^
6
July
Jnly
July
July
July
July
ISlJuly
1
1 to July 15
2 June la to
June 20
1
to July
to
2
June 21 to July
June 16 to July
1
1
June21
1
1
1
1
!'
HTKEKT, KKIDAV. JUNE
to July
perfl.OOO
Juiu
June Juns
Jun4
Jund Jinm
10.
11.
13.
'100
'100
'100
'100
'100
9.
8.
tt.
1
4lM, 1801
reg. q.-Moh. 'lOO
«>••, 1891. ...coup. q!-Heh. 'too
reg. Q.-Jan *118"l«
i«, 1907
coup. u.-Jan. *1194i
4«, 1907
es, our'o.y,'95....reg. J. * J. * 109
reg. J. A J. 'Ill
8s, our'cy.'im
83, cur'cv,'97....reg. J. A J.'llSia
reg. J. .S J. '116
68, onrVj ,'98
A
6s, cur'oy,'99....reg. J.
'100
'100
•100
100
118'g' llRJa
.
\
3
M6trop<ilitiin (}as Light (B'kl>ii).
Miiiuosotii Iron (qiiar.)
Nat, Starch 'id pref. (semi-an.)...
Western Union Telegraph (quar.)
to July
PerUxtt
1
'rriiat l'oni|>aule*.
Knickerbocker
...irle*'
United Htates BondH.—Onvernment bonds have a Undency towards lower quotations.
The olosing prices at the N. Y. Board have been •• foUowa
July
ilarlciu
40o.
:
*1<I0
ligM'H?^'!!?
'11»>9'119'«,MI9 i'llH'.i'llS
109 "109 *109 M09 \'Vta
'111
-111
'111 1*111
111
t 13i» -1 3>i*l 1319 '11 :!'«'• 113i«
n6«ii*ll«'flM10i«MItiS( •116's
J.l'118'^l •119
•119>»'119 '119 l'119's
1
,
This Is the price bid at the morning hoard no sat* was made
doTernment Purchases of Sllrer.- -The Oovemment par
silver in the month to date are shown in the fol-
IMVl-S P.M.
cbases of
The Money Market and Financial Sitnation.— At the lowing:
WAL,L.
X'i,
is
about the hesA feeliug of the week.
Ounee*
Ounce*
Pnetpait.
Gold sliipments have actually stopped for the present, the
jmrehaeed.
offered.
crop outlook at home is excellent, and the financial situation
970.600 90-9700 « *0-9810
Prevlously reported
abroad is believed to have been much improved by the gold
887.500'
532,500 »0-97875» 90-9800
June 8
The
condition
"
received
from
this
side.
of
the
crops
have
103.000 $0-9810 » «0-981S
744,000
they
10
" 12
343.500 *0-9800 * «0-981S
893,500
in Europe and their need of our grain and flour are being 'Local purchases
a
66,134
shown in a most practical manner by purchases at the Produce
$0-9700
2.015,7341
Total in month to date.
» fO-981g
Exchange, where 600,000 bushels of wheat were reported as
'The local purchases of eaohweek are not reported till Monday of
taken yesterday for early shipment and 400,000 bushels for the following week.
It is a good sign when talk that has been
later months.
Coins.—The following are the current quotations in gold for
in the air for a long time begins to crystallize into actual facts, various coins:
and in cessation of gold exports and in the shipments of wheat Sovereigns
$4 88 '»$4 91 'Flnesllver ban.. - 98 S — 98<s
—93 * — 94
Napoleons
3 86 ® 3 91 Fivefrancs
we have tangible results of this character.
X X Relohinarks. 4 74 » 4 78 IMexlcan dollars.. — 76'«» — T7H
—
— •» — —
banks
have
more
money
Do
uncoramere'l
4 78 a 4 85
25 Pesetas
A point is made that the Western
— 74'»i» —78
Span. Doubloons. IS 55 ®15 75 Peruviansols
than usual and will therefore not call upon the East for as
4
80
» 4 87
English silver....
ex. Doubloons. 15 50 ®15 70
close to-day there
I
~
This may be true and it also looks
be used in Western industrial works
and real estate speculations. The time naturally comes in all
such enterprises when the demand from buyers falls off and
then for a while interest cannot be realized on the invest-
much money this fall.
as if less money would
693.^;
m
francs in silver.
The New York Clearing House banks in their statement of
June 6 showei a decrease in the reserve held of $1,647,800,
and a surplus over the required reserve of 16,687,600, against
17,529.175 the previous weeK.
6.
Vifferen'sfrom
Prev. week.
1890.
Jutie 7.
$
60.812, 700 60, 762.700
....
60,772,7001
60.190, 4'10 54. 801.800
....
04.366,,700
Loan.-i and disc'ts 386,236,,400 Deo 2, 848,500 39(«,9»4. 900 413, SiO.OUO
H, ,933,100
3.725, loO
32,000
Dec.
.j,439,
,7uO
Circulation
Net deposits
383,882,,400 Dec.3, 224,900 406,024, .500 440, 235,700
410,200
100
76
73.525,
Dec.l,
207,800
,300
Specie
59.751,
Legal tenders
42,906,,900 Deo. 440,000 30,891, 400 44, 717,400
102.658,,200 Dec.l ,647,800 106,416, 500 121, 127,600
Beserve held
95,970 ,600 Dec. 806,225 101,508, 125 110, 071.425
Legal reserve
.
6,687,600 Deo.
841,5751
4,910.3751 11,056.175
Foreigu Exchanee.—The exchange market has been dull
all the week and prices were easy in the early days, with a
small advance on Wednesday in posted rates for sterling bills.
The exports of gold for the week amount to $30O,0<K), nothing
being engaged for to-morrow's steamers. Actual rates are
Bankeri,' sixty davs sterling, 4 84%(^4 85>i demand, 4 6~%4
:
;
4 88'^
;
cables, 4 88!4^«i4 88i^.
Posted rates of leading bankers are as follows:
June
Prime bankers' sterling
Prime commerciuV
Sixty Dayt.
12.
bills
on London
4 85>ia.4 86
—
4
prices have been fairly held in the face of this great dolThe general outness, and close to-day quite strong.
look for stocks seems as fair as ever, considering the crop
prospects, but the railroads that have improvements under
18S9.
J'line 8.
Capital
Burping
Surplus reserve
and neither the investors at home or abroad seem to be
doing anything. If we take off the July interest from bonds
which then pay coupons the prices look cheaper thus Rio
Grande Western 4s are about 74%, Atchison 43 77?^. Atlantic
& Pacific 4s 69%, Ches. & Ohio-R. & A. 2d4s"about 66, Readabout 76?^, Pittsburg & West. 4s 76i^.
ing general
Some other lx>nds, however, carrying 5 or 6 per cent yield a
larger interest per year at their present prices than those
above mentioned. Even some of the higher classes of old
bonds selling much above par, and held entirely for investment, are ruling below their usual range, and it is evident
that iionds generally are a much better purchase now tluui
they were a year ago.
Railroad and Miscellaneons Stocks.—The absence of all
animation in stocks has been the chief feature of the week,
and the most favorable thin if that can be noted is the fact that
prices,
gold, and believes that when confidence is more generally
restored the foreign buyers wUl be more ravenous than ever
for our railroad securities.
The open market rates for caU loans during the week on
stock and bond collaterals have ranged from 2 to 5 p. c, the
average being 3}^ p. c. To-day rates on call were 2)^ to 4 p. c.
Prime commercial paper is quoted at 5J.^(a6 p. c.
The Bank of England weekly statement on Thursday showed
specie of £880,000, and the percentage of reserve
an increase
to liabilities was 4606. against 44-35 last week; the discount
The Bank of France
rate remains unchanged at 4 per cent.
shows an increase of 10,07.5,000 francs in gold and of 1,025,000
can
1891.
$8,000 do. Ss at 10214; $7,000 do. 8s at
$3,000 La. consol. 4s at 88; $10,000 Va. 8s def d at 8.
Railroad bonds have been dull without any improvement in
settlt. 68 at 1053^-106;
ments.
Mr. J. P. Morgan has just returned from England on the
Majestic, but says nothing of the situation abroad. Mr. T. P.
Fowler, President of the New York Ontario & Western,
reports the situation abroad as much relieved by the Ameri-
June
par 9U preni. U.S. trade doUars —76 » — 78
State and Railroad Bonds.—Sales of State bonds include
$10,000 Ala., class "B," at 108Ji ; |5,000 Dist. of Col. 3 658 at
115%; $10,000 No. Car. spec, tax (Chat RR.), at 5; $4,000 Tenn.
FIneeold bars.
Demand.
4 88>a94 89
4 83% «4 84
4 83»4»4 83'a
Docuiiieutury comtuereial
6 21'8<*5 21'4 5 18^«5 18>t
Paris hrtiikers ifraucst
40%«40'>|«
403|g.f407l«
AuiDterilam (guililera) bankers
95%«9Sl||
Frankfort or Hreraen (reiohinarkg)b'iikers 94''aai>5
way cannot easily sell their bonds now, and many of them
are borrowers on temporary loans, so that the manaxers feel
The favorable Government
less cheerful at the moment.
crop Te\x>Tt of the Agricultural Bureau made this week was
considered a bull argument on stocks, as it was a bear argument on grain and cotton, and in times of ordinary feeling
it might have been worked for several points advance in the
leading Western stocks.
Among the active speculative favorites Atchison is firm at
San Francisco case and
82J< on the decision in the St. Louis
the prospect of early wheat freights Chicago Gas cloees at
St.
54}^ on the reported agreement with the city authorities:
-=
""^
" '^
"
Quincy
89^,00
Burlington
Paulat64ii, Re)ck Island 72 'i^
4 and'"
._ and Wabaah
the general Western outlook Union PaciHc 45&
Naahville 78X
pref. 233-^ on Gould regulation ; Louisville
and Northern Pacific pref. ex-div. 67 ?g'. Sugar, since the
declaration of dividends on the pref. and common stocks out of
the earnings of the current six months, closes at 87J< for common and 9318 for the preferred, being weaker to-<J«T on fata*
rumors of an injunction again.xt the dividend. L«od cloees at
18^. National Cordage and also the Whiskey Trust, now
known as " Distilling C. F," are each reported to havemad*
important acquisitioiw of rival properties, and Nat, Cordag*
C. F. at 45»^. on recloees at 1021^, but DUtilUng
ports from Chicago of the organization of a rival concern
Silver bullion certificates are steady about 98.
&
;
&
;
&
&
&
—
THE CHRONICLE.
890
NEW YORK STOCK EXCHANGE—^Cr/FB STOCKS
[Vol.
JUNE
tor ]week ending
12, and since JAN. 1, 1891.
HIGHEST AND LOWEST FBICEB
STOCKS.
June
RR.
Active
Atchison Top.
&
Atlantic
Canadian
Stocks.
Canada Southern
Central of New Jersey
Central Pacific
Chesapeake & O., vot. tr. cert
do
1st pref
Do
do
Do
2d pref
122
Chicago & Alton
87
Chicago Burliuirton & Quincy.
65
Chicago & Eastern Illinois
125
8738
65
•92
P''^'-
63% 63%
Chicago Milwaukee & St. Paul.
Do
6.
31
31%
30>s 31>2
5I4
*4ia
•465
51a
78I4 7812
*78i4 79
»49
iOhi
481a 49
II3J3 Ill's tl08i9ll2
31
31
*3CH! 31
•I6J4 1(>9» *16i4 17
4714
47%
*46ia
47%
28I4 28I4
30
28
& Santa Fe
Pacific
Pacific
Do
Tuesday,
Monday,
Junes.
Saturday,
Do
.
1«
87
Great Northern, pref
96
.7I3
23
13
Illinois Central
Iowa Central
Do
87
97
8I4
25
9.
30=8
31 14
•41a
Sia
481a
7818
481a
78
108
30
161a
63«8
109
64%
111
109
109%
31
161a
47% 47%
28
122
126 126
86 >3 875? 86%
6514 64
65
93 94 93
iio'e lion's 111
pref.
IO8I2 108>2
& Northwestern
134'a
pref. 133
71% 71''8
Chicago Rock Island & Pacific.
CWcago St. Paul Minn. & Om. 23^8 23T8
86
pref. *84
Do
61% 62
Clere. Cincin. Chlo. & St. L.
93
pref. ^91
Do
26I4
Columbus Hocking Val. & Tol. *25
129»-2 131i«
Delaware & Hudson
Delaware Lackawanna &West 13578 136
*16'8 17%
Denver & Kio Grande
pref. '5518 55
Do
6I4
6 Hi
East Tennessee Va. & Ga
60
Do
1st pref. 52
Do
2d pref. 141a 17
124 127
Evansville & Terre Haute
Chicago
June
6278
291a
125
87
65
94
631a
IIII4IIII4
Xl04i4l05ia
130% 130%
70% 71%
70% 72
24
24
61 >3
86
62
84
25
23
82i«
611a
25
2614
127
1718
614
52
171s
5514
6I4
52
60
71a
23
61%
26%
12^
60
14% 14%
141a 17
125
87
97
82i«
Sales
of the
Thuraday,
June
10.
June
3078
31%
31% 32
•4% 5%
78% 78%
Friday,
June
11.
31% 32%
125
87
97
87
96
6%
8
20
26
Michigan Central
8h.
Do
& West
70
.
•102
pref
Minneapolis
& St.
Louis
Missouri Pacific
Mobile & Ohio
Nashv. Chattanooga &8t. Louis
New York Central & Hudson
New York Chic. & St. Louis
Do
1st pref.
Do
2d pref.
Kew York Lake Erie & Weat'n
Do
iiref.
New York & New England
New York New Hav. & Hart.
New Y'ork Ontario & Western
New York Susquchan. & West.
Do
pref.
Norfolk & Western
.
. .
pref.
Northern Pacific
Do
Ohio & Mississippi
pref.
Ohio Southern
Oregon K'y & Navigation Co.
Oregon Sh. Line & Utah North
Peoria Decatur & Evansville.
& Read., vot. trust, cert.
Kttsburg Cinn. Chic. & St. L.
Phila.
Do
pref.
Kichmond&WestP'tTerminal
Do
pref.
Bio Grande Western
Do
„
pref.
70 la
74
104
102
10
9
141a
1514
147a
2378
6714
411a
237,
,
Do
pref.
M0.K.& Tex., ex 2dm. bends.
Do
pref.
Do
108
131a
6S
26
67%
441a
110
13ii
68
28
19% 19%
33%
230
16%
7%
28
14%
337e
240
161a
7h
29
Bt.
Louis Alton
L.
St.
et.
Lou.
cfe
104
9I2
I47e
87
97
6%
20
6678
44
108
9%
23%
67%
667g
lOOifi
19%
68
28
20
4%
I6I4
7
18
14
I514
27%
14%
(1
19
17
74
2513
25I2
181s
191-i
31% 3
16% 16%
59
62
15I2
*69ia
1578
37 la
68
71
39
70
& Tex., trust rec. 11
& San Fran, ,1st pref. '64
Ark
135
12
69
6714
13
65
26
1314
13%
68
29
19% 19%
52% 52%
33% 3414
240
'230
16%
16%
7%
7
240
I6I4
•4%
19
17
74
18
20
'14
1
18
3II4
16 14
18%
18
31%
31
74
25% 25% 25
52
14%
86
96
•7%
*20
60
17
87
97
8
26
125
11
60
31
95
I8I4
4
4
14%
I5I4
.
12%
13%
*26
68
29
65
52
"52
60
Do
pref
Erie ....
prgf
Wisconsin Central Co........]
niiscellaneoas StochLs.
WheeUng i Lake
Do
American Cotton
Am.
Oil
Co
3378
230
•10
7
7%
24
8
24
Do
pref.
f'iKarRef.Co..teinp. ctfs.
Do
pref., temp.
Chicago Gas Oo
^
Colorado Coal &
,
Consolidated Gas Co
Distilling
ctfs.
2314
69%
43
871a
941a
18
18
23
23%
87%
43% 44
86% 88
9414
95
45
53% 55
35
M09
125
11
60
32
93
95i«
&
Cattle Fecd'gCo
Edison General Electric
351s
95 "s
46% 471s
99% 99%
18
I
95%:
53% 5514
35% 36
95% 95%
46% 47 14
Highest.
64,809
89
•70
19%
91%
72%
100% 104
•3%
•8
5
9%
14% 14%
23
60
17
23
67% 68%
125%
12% 13%
65
'26
34
230
16% '16
7%
7
13% 13%
66
29
65
•26
1978
1978
65
29
1978
50% •50
53
34% 34I4 34%
240
230
•7%
7%
23
43
3078
71
3078
11
70
32
99
19
23%
43%
96
9514
47
36
95%
4714
•14
17
•71
74
3078
•15
•58
0
•31
3078
16% -15% 16%
58 59%
15% 15%
61
15% 15%
•69
71
69
71
109% 110
110
135
109
125
110
135
70
33
99
105
33
65
32
97
11
65
32
97
105
69%
71
08
70
109% 109
135
125
54% 55%
35%
18
17
75
25% •24% 25% •24% 25%
•18
19% •18
20
19%
87% 90
93
18
•14
31
17
74
37I4
135
•10% 11
60
70
32% 33
•95
99
16
50
85
4478
9%
•9% 11
•60
33
95
103% 103
32%
14%
3 2 '4
103
13% 13%
15
15%
•76"'
44%
50
83
•42
88I4
94
89%
95
5378
33% 35%
94% 95%
46% 47
14
14
50
85
6,440
1734 Mar.
48% Jau.
32
•226
"900
15%
44
13
17
27
28
30
9
10
10
5
14
1
1
1
1
25
12
1
27
22
»
6
7
9
13
14
14
14
14
10
14
65
330 19
35
94
95
46% 46%
35
95
45% 46%
Feb.
Jan.
2
Mar.
Jan.
9
3
18% Mar. 17
2
11
18
82
30
22
35
5
Feb. 17
Feb. 18
Jan. 14
Feb.
14
14
30
17
7
Jau. 12
Apr. 28
Apr. 23
14% Jan. 7
May 1
28% Mar. 10
520 12% Jan. 7 18% Apr. 27
335 48
4,071
Jan.
15% June
67% Jan.
160 109
120
100
9%
9 55
1,250 24
250 85
200 100
3,630
23
May
6478 Apr. 27
19% Feb. 7
76% Feb. 10
6
9
2
2 44 May 1
2 74% Apr. 30
22 114% Apr. 18
6 122% Jan. 3
26 12% May 23
16 -0 Jan. 16
15 33 June 10
Jau.
Feb.
Fob.
Jan.
Jan. 5 97
Jan. 2 111
Jan. 16 33
660 ) 27a Mar.
900 15 June
45 Apr.
200 78 June
June 13
Feb
6
Apr 23
16% Jan. 14
20% Jan. 13
10
9
6
61
88
8
Jan. 13
Feb. 16
41% Jan. 26 52% Apr.
24% Jan.
100 18% June
Mar. lo; 11% Apr.
850
8%
- "
1678
Jau.
2
18,400
237e Apr.
3,300 29%J.an. 26 37% May
79% Apr.
Jan.
2
3,215 67%
205 17% June 4 23% Jan.
2,095
875
46,713
3,148
111,390
1,150
93% 93%
54% 55%
Jan. 29
Feb. 10
Apr. 28
31%
22%
56% Apr. 28
41% Jan. 15
47
1,040
22% 23
43%
8878
70
Mar.
Mar. 26 271
Jan.
3
14% Feb. 10
2
2
2
7
7
9
50
7% June
%
350 28 June 4 40%
00 13% Mar. 12 16%
200 51% May 18 57% .Tan.
2,760 21% Jan. 2 30 Jan.
17,940 63% Jan. 2 74 Jan.
200 15% Mar. 11 197eJan.
38,640'
43
87
104% Feb.
19
4
44% 45%
-17% 18%
10% 10%
22% 23 14
35% 35%
75% 7o'8
18
88% 89
93% 9414
54% 55%
35% 35%
95
3278
76
4478
22% 22%
42
32%
'
18% •17% 19
10%
10% •10
22% 22% 22% 22%
33% 35% 35% 35%
75% 75% 7478 75%
18% 18%
23
44
1.50
Jan.
Jan.
J«n.
.55% Jan.
14% 15
10
23
100
580
57
23
40 23
125
25
".:
99% May
200 11% Jan.
2.52
240
16% 16%
17
14
71
25
19% 18
37I4
70
110
135
12
70
32
99
104
19
3414
240
59
71
39
231s
19
•17% 18% •17% 18%
74
20
10% 10% •10% 10% IOI4 10%
22% 221s 22% 227a 22% 22%
35% 35% 35% 33% 35
33%
751a 7575
75% 7578 75
75%
18
Lowest
52 Mar. 16 66 Jan.
100 14 May 12 19% Jan.
240 111% Feb. 5 129 Apr. 2
87
1,200 72 Jan.
92% Apr. 9
97%
562 90 Mar. 9 103% Jan. 14
•7%
8
5
6% Jan. 10 9% Apr. 21
24
24
205 20 Jan. 3 30 May 1
13% 13%
405 12% May 19 15% Feb. 5
55% 55%
512 54% Mar.
61% Apr. 28
109% 110
1,014 106% Jan.
113% Feb. 9
•93
94
123 86 Jan.
96% Apr. 7
73% 74
66,345 71% Mar.
82% May 1
2334 24
1,113 18 Mar.
29% Apr. 27
12
12
100
Mar. 24 18 Jan. 15
5
101% 102
109 Apr. 6
1,290 96% Jan.
•19% 20
400 18% Mar. 21 24% Jan. 4
•89
91
213 89% M;iy 13 96 Feb. 3
'70
74
70 May 21 93 Jan. 15
102 102
200 98% May 19 111 Jan. 14
•3% 5
300
6% Jan. 10
378 Mar. 18
•8
10
8 Mar. 18 12% Jan. 14
14% 14%
6f0 11% Mar. 14 16%.\pr. 30
24
24
465 19% Mar. 61 26 May X
68% 69% 10,040 60% Jiiu
73% Apr. 27
42% 43%
838 26 Jan.
44% June 3
*105 108
200 93 Jan. 21 110 May 29
•14% 17
14%
125% 125% 125%
87
87
86%
•96
97% 97%
19% 20% 19%
'
Wabash
9%
23% 23%
6714 67%
Paul & Duluth
30
301a
94
pref.
95
„ „ Do
Paul Minn. & Manitoba
'103
105
104
103 104% 103%
Southern Pacific Co
3114 32
32
32 14
32% 32
32
Texas & Pacific
1376 1378
13% 14%
13% 14
13%
Toledo Ann Arbor & N. Mich
16 17 16 17
15
15% 1578
Toledo & Ohio Central
44 50 44 48 40 45
''75"
Do
78 85
78
80
pref
78
80
Union Pacific
44% 45% 44% 45% 44
44% 44 14
tJniou Pacific Denver & Guif
19 21
18% 18% 17
18%! 17
St.
I8I4
89 91
70 73
100% 104
15% 15% •15% I6I4
59% 57
60
15% 15% 15% 15%
I6I4
59% 60
15% 15%
68
5%
7%
28 14 28
27% 28
28
28
28
2i»
14% 14% 14% 15% 14% 15% 14% 15%
52 14 5214 52% 52% '52
52% '32
52%
24
24
24
24% 24U 2414 24% 24%
67 78
67% 68% 6'
68% 0773 68 "4 x67
29
7%
18
*14
71
69%
37%
of sales in 1891.
78% 78%
49% 49%
42% 44I4
43
43
106 108
106 109
100% IOOI4 100 14 IOOI4 100 100% 100% 100%
33% 34%
230
24
44 14 43% 43%
108
107 107
99%
12%
65
26
18
91
73
104
4
14% 14%
15%
52% 52% 5214 52%
24
24%
24
241a
^
68
69
67% 69
125
T. H., pref
74
104
4
2314 24
KomeWatert.&Ogdens.-NeAv 109% 109% 110
fit.
17%
90%
70
1914 19% 19
I914
9OI3 92
901a 92
Mexican Central
Milwaukee Lake
Shares.
Range
24% Mat. 10 34% Apr.
200
4% Mar. 19 6 Jan.
410 72% Jan. 6 80% Apr.
48% 49
49
49
900 48 Mar. 7 52% Apr.
IO914 110
108% 109
109'8 IIOI4
9,075 106 Jan. 26 122% Apr.
30 31 30 31 30 31
20 29 Feb. 24 3134 Apr.
*16i4 17
17
17
16% 17%
400 1576 May 19 197e Feb.
48
48
48% 49
•48% 49%
514 44 Jan. 2 54% Feb.
27 29% 2878 29
29
29
400 26% May 20 34% Feb.
124% 124% 124 126 •124 126
131 123 May 12 130 Jan.
88I4
86% 8714 87
87% 89
26,401 75% Mar. 7 93% Jan.
64 65
64% 64% 64% 65I4 1,350 41% Jan. 3 67% May
93 94
93% 94
94
94
300 83 Jan. 2 97% May
63 14 64
63% 64
63% 64% 107,495 50% Jan. 2 66% May
111 111% IIII4 111%
1107elll
421 105% Jan. 3 115% May
104 104% 105 IO514 105% 100
4,746 102% Mar. 9 111% Apr.
132 132
61 130
Mar. 18 138% Jan.
'76% '71% 7II4 72
71% 7278 47,892 63% Mar. 6 80% May
•23% 24% 23% 23%
24
24
400 22 Mar. 10 29 Apr.
83 86
82
82
110 77% Jan. 29 86% Apr.
62
61% 61% 62
62
62% 4,506 58% Mar. 7 6678 May
91 94 91 94
91
94
91 Mar. 23 98 Jan.
25 26>4 •25 26
25
26
24 Apr. 10 29% May
12534 125% •127% 128
140 127 June 9 139% Feb.
4%
78% 78%
pref.
13 137a •13 137e
14
131s 131a 1379 13
& Western
50
56
56
56% 56% 56
561s
Do
pref. 5618 5676 56
110 IIOI4 10978 10978 109% 109% 109% 110
110
I/ake Shore & Mich. Southern. 110
•93
93
93
94%
93
93
94
94
94
94
long Island
74% 74% 74% 75% 73% 74% 737e 74% 73% 74%
Louisville & Nashville
2414
24%
24%
24=8
23
23%
23%
2414
Louisv. New Alb. & Chicago.
241a
7
7 ...231a *7
Louisville St. Louis & Texas.
102
101%
102%
10278
IO214
101% 102
102
Manhattan Elevated, cousol. 101% lOl's
14
liake Erie
12.
Week,
135 133% 135 135% 11,087 131 Jan. 2 140% Feb.
134% 135% 13478 135
10% 17
17% 17% 16% 16%
I714
435 16i4War. 6 20% Jan.
'
'34
54% 52% 54
54% 54% 54% 55
1,338 52% June 12 6378 Jan.
*6i4
6% 6% 6I4 7
6% •6I4 7
900
6% Apr. 20 8% Jan.
iss" ise'
5514
24
Wednesday,
UI,
15 78
.Tan.
33% Jan.
57% Jau.
June 9
Feb. 16! 49
Jan. 3 111
Jan. 12
Feb. 27
Jail.
41%
29 Apr. 22
33 Apr. 23
9-i% Apr. 10
96
8i
31
33
Jan.
680 94% Jan.
7,505
2
2
17,
28
14
25
24
5
27
14
1
2
2i
24'
55% June 9
39% Mar. 16
99% Apr. 30
•99 101
Feb. 5
99 101 -99 101
90% 99% 99 101
109 88
101% 100% 101
100% 100% 100% 102% 101% 10214 10134 102% 26,070 73% Mar. 11 104 May 27
Do
pref. 103% 103% 103% 103% 103
720 101 Feb. 3 110% Ma.y 7
104
104 IO4I4 104% 101% '103 103%
National Lead Trust
21% Jan. 17
18% 18% 18% 18% 18% 18% 18% 1S% 18% 18% 18% 18% 6,270 17% Jan.
NorthAmeric.au Co
19% Feb. 13
15% 15% 15
I514 •15
147a 15%
15
15
15
15% 3,507 1134 Jan.
131,
Oregon Improvement Co
27
29
27% 29 "27% 29 •26 29 26% 28% 27 28%
32% May 1
15% Jau.
Pacific Mail
35 36
41% Feb. 26
35% 3514 35I4 3514 35
3578
3578
1,463 31% Jau.
35%
35%
35
Pll>e Line Certificates 5
67 69
Feb. 10
81
68% 69ij 68I4 68I4 68% 68% 68% 6-i% 68% 69% 104,000 66% Apr.
Pullman Palace Car Co
196% Jan. 14
177 182
'178
182
'179
110 180 May
178 182
183
183 183
180 180
Silver Bullion Certificates
Jan.
15
98
93
97% 98
9773 98
9778 98 605,000 96% Apr. 22 107%
98
98% 9778 98
Temicsaee Coal & Iron
34% 35
34% 34I; 34
33 34% 33 33
34
33% 33% 1,200 3i May 181 39% Jan. 14
*87
Mav
87
^* ITTifnn
pref.
87 90 •87 90 87 90 88 90
90
90
80 Jan. 6 87%
«T
WeBt<.rii
Te ernTili
Apr. 30
SOU iOl.
79.% SO
S(l
3.089 76 Jan. 2I 83
S03a
SOW 80% 80% 81
• TUeg© ate the prices Did and
asked; no sale u.a4«
Ex rights,
x Ex dlvidenij.
§ Prn.e8frjai bothExohaujes.
National Cordage Co
101
'.]
H
1
JCNE
THE CHKONICLE.
18, 1891.]
NEW
YOltK STOCK EXCBAWttE PRICES (Cottttnu9<)-f.V.4C'r/t^g HTOUKH.
Jun*
Inactive Stocks.
H Indlcntos unlisted.
Sangt
12.
Low ft.
Ask.
Bid.
{$alt$) in
1801.
iNACnrB
ntghttU
Allmliv
100 85
100 100
A- Vlikl>ivr);ll
><:
Hll8(|n('luinllil
ITO
96
150
&
94
Cliiulolt* AirMT....100
E. :i.\ill«&.i<mtli. 111. pref....lOO 135
r.i»i>m A N.Y. Air I-ineiiref.... 100*100
Atliiit'ii
100
100 :
loot
100
100
100
Brooklvn Klcvnteiir
liutJiilo Ki)(>Ue8tcr
&
Fltts
rrcfiTi-.'d
78>e
Burl. Cedar Kaplda A Nor
California PaiiilcV
C»>dar Falls i- 5lliinp»ot»
Cliic. A All., liciiof. trust recta. H..
Cli'Vplaiid & ritlshiirK
ColumWa A UiiiouvUle
Do» Moliica
25
i Fort Dodge
Pivferred
12
6
100
Mahoning Coal
Preferred
Memphis A Charleston
Mexiean National
Morris & Essex
H. Y. Laek. & Western
N. Y. <Si Northern pref
Peoria & Eaatcni
Pitts. F t. Wnync & Chicago.
;
32
^\
June
Toledo
7
14
26
27
55
25|
May
100
5
Jan.
50]
143
104
Jan.
115
lon
6
9
Feb.
.301s
Jan.
Jan.
5J4
80
84
13
nrla
100
100
A WmrtrmH
14
15
Ht. lyoula
7%
16V
A K.
SECURITIES.
to
148
41
117
100 148
88
CoH
Kxpresa
100 113
Arl Teleirrapli A Cable
100
Anierlran Tobacco Co., pr«f ..JOO
OS
BruuHivIek Company
100
Buckeye Pipe Line
Chlo Juno. by. A Stock Yards. 100.
:iii
I'
Preferred
lOOj
lOOi
pref
Lehlgb A Wflkca. Coalll
Maryland Coal
Minnesota Iron
National Linseed OH Co
New Central Coal
Ontario Silver Mining.
Ponnaylvanla Coal
8 Jan.
152>4 Mar.
14
I
10
10
18
18
Class B, 5s
Class C, 4s
190t>
1906
1920
Arkansas—6s,fund. Hoi. 1899-1900
do. Non-Holtord
78. Arkansas Central KK
Louisiana— 78, cons
1914
Stamped 4s
1894-1
Missouri- Fund
893
Currency funding 4s
North Carolina— 68, old
JAJ
Funding act
190(
New bonds, .1. A J....18921898
1071a, lOSk
.
104
7
150
.
[
108 »«
Chatham
15
180
7
3
105
87
104
1893
Special tax,
0<ii
Mar.
Apr.
;
Mac
laVMar
16
Mar.
/an.
Mar
42^ Jan.
June'
9% Mar.
30 Apr.
300 260 Mar
I
23
34
I
1
Jan.
81
Jan.
Jaa.
13
44
290
FelL
24
Jan.
38
Mar
Mar
reliL
6''8 Jan.
6>«Mar
36% June 40 Feb.
14
Mar.
lO'tApr.
,
50>8 Jane 70
Jan. il45
Jan.
\
Fab.
137
IM.
BECURITIE8.
Bid.
B.C. (cont.)—Brown consol.Os. 1893
1892-1898;
Tennessee—6s, old
97
65
75
Aak.
101
1912
6s
19131 102^ 108
settlement, 68
1013 100 103 1«
5s
1913, eo^a "0%
3s
.
Virginia (is, old
6s, consolidated bonds
68, consolidated, 2d Beriea,rects.
6i«i
S
6s, deferred, t'st rec'ta, stamped
New
C'la.ss 1
—
19101
1919
Rhode Island—68, cou.. 1893-1894
89
HO
83
I
Comi Tomise, 3 4-5
RR
Consolidated 48
6s
16
15
68
35
20
71
86
11
41
69
34
!
SECURITIES.
Apr.
Mar.
13% Jane 20>9Jan.
Mar 60 Jan.
:
Tezaa Paciflc Land Trust
U.S. Express
Wells, Fargo Express
New Y'orlc—68, loan
80
!
18>s
May
lO^sJao.
16
103>« Jan. jl08>iMar.
33 >• Mar. 26 Jan.
30
60 260
60
28
32
100
6>4
100 36>il 37>9
100
16
17
100 52
55
100 140 146
Postal Telegraph—Cablell
Quicksilver Mining
Preferred
I
;
73
83
71
lOOl
Oas
Phlla. Natural
W*
40
100
100
100
100
rah.
150
Jan.
Jan. il23 reb,
82>«Apr.
Jan.
Feb. 101 •• Mar.
11% Mar. 21 Jaa.
26 Fab.
18 A or.
113
80
08
101
100
IS
lOO 10«
24
100;
Do
May
142
lOOl
Columbus A HockluR Coal
Commercial Cable
Conaol. Coal of Maryland
Laclede Uas
Mar. J48i«Mar.
110 Mar.
Mar. 22 Apr.
Ask.
Bid.
1906 101>« 1021s
5
"
1
100
NEW YORK STUCK EX€UANeE PRICKS.—STATE BONDS JUNE
Alabama— Class A, 4
ait
Ma*.
Mar. il8« Mar
6 Ape.
reb.
ae%JaB. 86 Apr.
8 Jniw
SVJaa*
14 Jnoa 18^ Mar
~ ifeL
aiaJan.
e% Val
14 Mar. latt ~
Jaa.
IS
Cttyf
.
Aini'i
85 Jan.
10»>a Apr.
40 Jan.
Jan.
Jan.
.lOnj 150
152 149
latest price this week.
. .
May
16
4
63
Apr.
16
6
lOOij 18
100
!
Arl;unKi:xpre8«
\n ii<> II liank Note
Mar.
laij Apr.
May
75
101
33
77
50
9(5
m
175
6
miartillBneoaa (Koeka^
Jan.
8>s Jan.
4 Apr.
Feb.
Jan.
Apr.
Jan.
1
6\i
601
100
T..llnn
B%
90 >3 Jan.
14 Mar.
16
30
ISS
lOlii
Vln^nla Midland
4
100
90
86
100 17S
i
•
8<s Apr.
6>s Jan.
6'a Jan.
2 Jan.
Hlfkml.
-Duthwostcm
•
37^ A or.
79-'« May
3%'Mar.
8
6>a
OHi
Green Bav Win. & St. Paul. ...100
Houston & Texas Coutral
100
Illinois Central leased lines
100
Kanawha & MlihlKan
100
Keokuk & Uea Moiues
100
Preferred
100
lonlsv. Evans. & St, Lo., cons. 100
Preferred
100
lou.st.L.&Tex. See preceding paee
price Thursday
35
15
7
10a>« Feb.
30 Apr.
Apr.
Jan.
Jan.
Apr.
50 114 148 144 June 15a" Jii;
100
4i« Feb.
100
5
6
6>sMay
25
100 12
12 Feb.
15 Mar.
100
4^ 5% 6 Apr.
6 Feb.
14
100 11
12% Jan. 15 Feb.
18Tg Jan.
23
2i<>9 Apr.
100 £0
100
78 Mar. 86>9 Apr.
pf
Diihith H. Shore & Atlan.H
Preforredll
rilut A Perc Marquette
rr.'fprrml
Georgia PacltloU
No
30
20
74
20
50
00
JfanM* <aa(«n in 1801.
13,
Aak.
BliL
>
May
140
Mnjr
13(1
29
BTOCIUI.
rABamtoim
& Drnnd lalaud.
Minn AT. II
'
I
99% Juno
26
33
/him
..-AWeatero
I
May
1621a Mar. ie7>«
InUa^lu aotual Mi«f.)
(J
V IndlOBtea UDlUtod.
Rallroatt NtockSc
Aln^allm
b91
.
.
South Carolina— 6s, non-fund.1888
|t
New York
6,
City
Bank Statement
1891, is as follows.
We omit
for the
(00) 111 ail cases.
Bakkb.
^BAJiKS.
Cavttol. Surpliu.
(00a omitted.)
Bank of New York...
Manhattan Co
t
2,000,0
2.050.0
Merchants'
2,000,0
Uechaulcs'
2,000,0
America
3,000.0
1.000.0
Phenli
1,000,0
City
Tradesmen's
750,0
300.0
Cneniical
Merchanta' Exchange
600.0
Gallatin Xatioual
1,000,0
Butcliera' & Drovera'
300.0
400,0
Mechanica'
Traders
Greenwich
200,0
600,0
liCatnei Manufact'rsSeveuth National
300,0
1.200,0
State o( New York
Ameilcau Exchange.. 6,000,0
6,000,0
Commerce
Broadway
1,000,0
Mercantile
1,000,0
422,7
Paciflc
1,600,0
BepnbUc
450,0
Chatham
200,0
Peoples'
700,0
Korth America.
1,000,0
Bftnover
600,0
Irving
600,0
Citizens'
600.0
Kasaan
760,0
Market
Fnlton..
600,0
.
8t Nicholas
600,0
Shoe A Leather
Com Kxchange.
1,000,0
ContinentaL
1,000.0
Orieatal
300,0
Importers'
Traders' l.SOO.f-
A
,
.
,
A
A
»
1.801.1
1,478.5
570,8
2,4'29,6
140.0
1.622.3
303,6
401.0
143.7
670,5
75.3
489,1
2 01l'.6
3,517,5
l,6Tf.»
9g8,il
42 2.6
Aveuue
Geimau Exchange
Fifth
Gernianla.......
Unjteil States
Lincoln
Ganiold
Fifth National
Bank o{ the Motrop..
West Side
Seaboard
Bilth National
Western National
rint
National, B'klyn
Total
688,0
~»
11.030.0
9,694.0
6.205.9
6.564,0
11,064,4
4,226.0
7IH.0
879.0
880,0
1,855.0
207,7
10,497.<)
1,440,:(
22.33 H.3
704.4
419.9
178,5
260.0
18,793.0
18,631.7
5!515.7
301,8
Bu2,4
356,3
190,0
175,1
275,4
216.0
379,1
1.084.0
628,2
f47.0
7.2-<3,l
1,187,4
1.896.2!
21.615,3
3,051.4
4,!' 00.0
1,71-2,7
2,'260.0
l.!i06,B
2,771.3
1.276.0
3,'.<84.2
1,746.3
3.5t<
1
.2
3.778.2
1.916.6
2 240.0
l.ii7.a
113.1
410.8
157,7
267.9
2,'288.B
1,741.0
3,119,9
SU.-2
1,170,9
IS.'JOH.O
1.374.1
2,0.^62
13.215.3
4.33-,<J
7 804.2
2.tS6.0
457,6
377,0
8.'226.0
10.01)3,1
1,059.3
1,838,7
781,2
807.4
654 6
5.841.3
831,9
i,'/64.2
i).774,7
639,2
345.5
4U0.6
l.Bo-i.l
12,199.6
3.817.7
314,7
43a.l
232,6
788.4
108.6
267,7
2944,0
416.0
G33,U
415.4
381,3
170.3
573.0
836.6
079.3
148.9
1,109.3
347.5
10.812.:
6 03«,1
3 107.9
4.305,8
13.135.6
2.834.0
3.133.5
9»3,
1,1116.4
3)2.2
404.5
6,130.0
2.649.0
143.3
1,746.4
668,7
142,3
483.1
568.5
272.7
079,9
798,1
616.9
480,7
630,6
356,4
353.3
305,0
603,4
236,6
17?,8
876,0
Genr.un-Amerlcau....
Chase National
995 3
DevotiU.
1,570.7
116.3
5.652,7
10.072.7
llfc.l
300,0
260,0
200,0
760,0
600,C
100,0
200,0
300,0
600,0
800,0
300,0
150,0
300,0
200,0
600.0
200,0
8,600.0
300,0
,
Connty
4.500.0!
6,483.9
12,5
\ ork
592.0
1,4U.5
1,000.0
New
1,340.0
1, 1-22.0
8,3:<5.U
266.7
8,757,6
Bowery
1,560.0
12,o«5,4
800,0
760,0
600,0
First National
Third National
K. Y. N at'l ii.xchange
»
2,0r.l,8
Secoiul Nalioaal
Ninth National
Leoalt.
•
1,981,7
V,000,(i
260,0
Bvecie.
•
710.9
923,0
Park
Eaat River
Fourth Nation.ll
Central NadnnHl
3,200,0
2,000,0
Loan:
11.730.0
9,768.0
6.338,0
36t).6
3' 8.4
70J,S
2,743.6
2,8 2,3
3,983.5
1809,1
2,862.0
6.6oe.i
4 176.8
1,990.1
20,711,0
18,761,8
1.166,7
I6.32(?,8
6,734.0
t,504.0
2.«48.»
2.b92.«
1,600.8
3.650,0
2,9Be,2
2,080.6
10.2U7.8
4.698.1
2,841.6
2,.5«e.a
8,766,8
8,767.1
8^691.3
1,864.6
4,-.<t4,4
l,f8.».0.
8,580,0
1.530.0
10.488.7
3.839.0
New York
week ending June
two ciphers
8.166.0
3,717.0
138.4
4.094,6
I.46S.0
1,106,0
B79.6
2,9t4,6
1228.6
197,6
533.0
7<0.0
496.0
l,4i'S,8
871,4
170.5
372.7
717,0
419,.S
461.0
855,1
612,0
304.0
4^6,0
163.0
1,621,5
746,8
2'-'4,0
593,5
19'.!.6
S73,4
679,6
213,2
264,0
293,0
2ll,4
358,7
3.1()<.6
3,3i;2.0
U,603.0
3.78I.1
II2.3
23.55'J.2
4.010.1
1,914.3
3,363.0
5,563.0
4.668,3
1,930,1
987.5
16,5«6,8
872.3
d28.0
279.0
800,5
1,441.0
7 446
5.46f,.0
3.0<i."..7
lO
-'74..^
463.0'
166.7
2.52-<,2
l.4;-0.5
176.0
105,2
112.6
1,612.8
462,4
641.8
820.7
106,2
606.0
2.76n.0
40 1.6
360,5
671.6
I
3.:'8l.0
2. -166.2
11,686.1
6031..'<
H.48'i.7
3,069 4
S.597.2
4.162.2
4.062,3
2.093.1
4,991.7
235.i<
2 071.0
883.0
17S.0
746.M
179.6
8.837.0
1.835,11
8,992.3
3.739.0
60.7"72,7 64.38«.7 3«(1.23«.4'.'-.fl 7.11.3 42.n''«.'' ?8.^ 882.4
N.
Cit.v,
Boston and Philadelphta Banks
Oavxtat dc
Survlus.
Loan*.
York.
May
9...
•
16
"
"
23...
U9...
..
Jane 6
Boston.'
May
'23 ..
••
29...
June
6..
S
Speeit.
LftaU.
Onxwttj.i
*
S
S
!
s
•
1.6! 8.2 3.480.9,762,5343
<03.(
i,307.0 8.437.9 722,50«.»
398,;
124 378.7 403.021,4 6S,159,2 37.509,
125; 139,4 39i<.579.2 H4,381,l!40,155.
125. 139.4 392.P21.S 01, SC9,S 41, 1-29.
1-25. 139.4 389,048,9 »0.959,1 43.348.
126,,139,4 ,388,236,4 59.751,3 42,908. 9
..
iTCfn Oiisnaas.
.191.:
1.20.1.4 3.4ti«.4
651.789,3
387.:.07.3 3.471.7 483.235.1
3^3,882,4 3,439.7. 668,636.ft
.
I
91,839,9
70.93t.S
01,065.8
l,275.4;3.247.6|
65, 842.9 IS2.81 1.4 10.286.5 4.499. 6 128,5
1,5 iU.3 8.246. 1{
65,,842.9 162.264.7 9,502.6 4,360, 1 126,j
),459,3 3,256,6
66,,842,9 151,242,4 9,21-2,3l 4,172, 6 135,4
fblla.'
97.4'23.0 2 079,0 66.124.1
31.074.0
97.89 i.O 2.079.0 49.?26,8
30,803,0
97.405.0 2,0ti8,0l 7»,»»9,8
30,636.0
93,782,0
• We omU two cipAeri in ati tKae jlgurM.
t laoiaaim, (or Boston aao Pki.L>
''
daipUa. the Item due to other banics."
May
••
23...
29...
85,793,7
35,793,7
85,793,7
Ju^e 6
93,287,0
93,0.19.0
City Railroad Secnrities—Brokers' Quotations.
Atlantic Av., B'klyn. St'k.li;2
Gen. M.,63, 19lj9...AiO 103
Bl'olierSt.& Ful. f. -8tk.; 25
Istmort., 7s., 190i'-.J*J 112
Br-dway t 7th.^v.--8t'k..
Ist mort.. 58. 1904 .J&D
3dmort., 5s, l914...J<tJ
'^4
8'way 1st, 08, gu
2n(l 5a, int.
a.s
rent.,
190
102
102
103
'OS.j 90
Brooklyn City— Stock
1165
Ist mort.. 58. 1902. .J&J 103
190S 108
Bkn.cV*N'i.5«.1938 J*J 100
B'klyn crojst'n
58..
JontralCrosstown— si.'K..i
lat mort., 6a,1922.
...
MAN
115
Cant Pk.N.4 E. Riv.— stk. 1 16
Consols. 7s, 1902 ...JADiUe
i)ryDk.RB.*Bal'y-8tk. 133
Ut mort., 7a, 1893..JAD 100
115
106
27
114
195
105
105
105
93
16U
105
110
103
150
117
1-20
,
118
136
102
Drv Dock B. B'y A B.—
1
F4A100 H*9
205 310
Sjcrtp6»
BlKhth At.—Stock
KlghthAv.— 9crlp,6a,1914 1U6 'lo*
4 Gr-nd St. FTr—8tk. 346 345
1«>
Ist mort., 7a, 1893.AAO 103
4-id
42dSLManh.A
St-N.Ar*.
87
Ist mort., 6s, 1910.. MAS, 110
i±i\ 60
2d M,, lnoome,6a
I
HoB8t.W.8t.*P.irT-8t«. 200
1st mort., 7a, 1894.. JAJ 100
Nliiih
Ave
97
lOS
8e 'ond Ave.—Stock
lat mort, 6a, 1909.VAN 103
ITO
Sixth Ave.—Stock
28.'>
Third Ave.— SWck.
1st U., 6a, 1987. ... JAJ 107
iTwenty-Uilnl St.—Stook.. 234
103
Utmort., 7a,1888
41
lis
53
i'ot"
luO
108
lu4
188
390
118
240
IM
Bank Stock LUt— Latest pnoea of bank stocks thta week.
BA NKS. Bid. Aak. BAlirKS. Bid. Aak. BANKS. .1 Bid. Aak
,
I
4n«rlea
Am. Kxob...
Aabary Park
Sowerv
Broadway...
Bntchs'A L*r.
Central
.60
113
1}»
S06
812
807
4aUatln
Qartlald
'290
Oltisans'
250
Uolambia
Oommaroe... ll>4
OoDUnental 188
Oom KXGti... 245
Dapaalt
ICiut iUver..
lltb Ward...
rtftbAva....
348
Hnd. Klver.. 140
A •I'rad'a' 630
265
aUrketA Pol 92S
335
110
324
2XT
1«3
lUeebaoloa'.. 200
'M'cba'ATra'.
Mercantile...
:
Phonlz ... ,
Pivdnoa Kz.
BopAbUo....
Seaixiard
Seoond
Sovaoih
8lioeAI.aatk.
St. NIobolaa.
State of N.T.
Tlilrd
TndsaoMa'a.
OalVdSUMa
.
!
1174
Peoplo'a
isa
Mansli'UBx. 136 187
7>a
Metropolitan
Metmiwlla... 875
Mt. Morrla .. 440
Murray HUl. 800
166
«••* IMarohanta'..
200
172
Park
Ltnaola
Manhattan... ITS
'266
•
3*0
866
,
I
,
New York""
Ward..
Itfth
N. Amarloa..
Oriental
IPacUlo
iso"
IM
liSatlier lies'
Ninth
136
198
ImuK.
142
1800
300
2000
& I. 103 |112
stnaa.. 170
y<rarth
166
a»3
Im.
196
112
160
fifth
riret
first N.,
Utb
146
170
160
[N.V.NaUKl.
340
Hanovar
Chase
Chatham.... 410
4 500 jODtl
Ohemloal
470
l»0
City
N.Y. Coanty.
Gorman Am.
German Ex. aio
German la.... 800
Greenwich..
182
180
176
126
400
I
300
350
'348
Waatara...
WaatSid*.
I
THE CHRONl! LE
89^
[Vol.
BOSTON, PHILADELPHIA AND BALTIXOKE STOCK EXCHANGES.
1^" Share Price* — not Per Centam Prlce«.
Sales
Active Stocks.
June
& Ohio
'
31%
4% 4^
June
9.
30S8
3118
'4%
*130
Thursday,
June
30% 31%
4U,6
....
•4%
411,,
6
20*1
791a
'51a
*5ia
*20ia
*20ia
.
79
791*
75
75
79
79 is
78
73
231.J
23I3
47
46 >2
>46ia
461a
47
4714
19
191a
181a
aa^s
981a
19%
47
*46ia
20
78
79
99
99
641a
24»8
68I4
641a
24=8
*
99
641a
2414
6758
68%
17'8
*33»8
*98'4
3418
24%
63%
140
47
46%
•139
140
18%
181a
1314
33%
3414
99
99
18%
3.%
98%
64% 64%
24
24%
67% 68%
24% 24ifl
67% 68%
24%
*
8,127
15,700
•5
6
Mar.
1
Jan.
41
5
17
Mar.
Mar.
Mar.
86T8 88
Am.Su.fi'rRe&a.^ (Boston)...
87% 89% 88% 89
88% 88% 87
88%
871a 871a
Pref errea
"
9458 95
9514
94
95
96
94
90% 94% 95
••
Bell Telephone ..
197 201
195 196
196 197
198 202
198 200
100 197 197
Bost. & Montana
4314 43%
"
43^8 44
44
43% 43%
43% 43% 44
25 *43ia 44
Butte & Boston..
"
15
15
15
15
15
14% 15% 15
15
25 *15
151a
Calumet <& Hecla
'250 255
"
250 250
250 250 '250 254
250 251
25 '245 250
'56
Canton Co
62
•58
61
61
(Batt.).lOO
60
58
60
"
Consolidated Gas
•iiss 45
44% 44% •44% 45
100
441a 441a "4413 441a •4414 45
•48
'43
Erie Telephone (Boslonj.lOO
•48
48 14
4H
48
48
48
48% 48%
Lamson Store 8er. "
•16
*15ia
•15%
50
151a 151a •15%
Iiehl'h Coal&Nav TAJ^.y
46% 46% 40% 46% 46% 46% 46% 46% •46% 46%
50 *46i4 47
N.Eng. Telephone i B'>st'n)100 50
•50
•50
•50 ...
•50
50
50
50
North American. (Phil.).lOO *15i4 15%
1514 15% •15
15 m •14% 15% '14%
1514 •15
Thomson-H'uEl. ^(Bost'n) 25 41Ss 41=8 42
42
41
4I14
41% 41% 41% 41% 41% 41%
"
Preferred
25% 25 iv 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
1]
2.T
"
West End Land..
19% 2018 191a 19-% 18% 19% 18% 19% 19% 19% 19% 20%
' Bid iind asfced pnces; no sale wms inaile.
X Ex divi deud.
13,399
.
'224%
•7
71a
8
5
12
19
Jan.
Jan.
»
8
May 23
1
14% Mar. 10
44%
2
12
16
20
77% June
85% Jan. 5
18 Mar.
26% Apr. 23
458 71% June
86% Apr. 23
24%
799 17% Jan.
24% May 25
47%
179 4:<% Mar.
47% May 8
46%
457 45%.Tune
51 Feb. 3
30 140 Jan. 13 146 Feb. 11
19%
5,765 17% Mar. 23 24% Jau. 14
34%
4,460 32% Mdir. 9| 41% Jan. IS
98% 99
99
202 96% June 2 116% Jan. IS
•63% 65
65
43 64 May 26 66% Feb. 6
24% 24% 24% 1,43* 21% Jan. 2; 29% Jan. 13
68% x67% 67% 10,96 63% Jan. 2I 71 Feb. 10
164
164 164
65 103 June 9 168% Apr. 28
50% 2,088 49% May 191 53 Apr. 29
50% 50
29
29%
28 Mar. lOl 32 Feb. 10
78
71% 73
23% 23%
•46% 47%
46% 47%
139 141
19% 19%
34% 34%
42
44=8
Feb.
22
4,043
t>
44%
40
51
7
4,177
45
183%
209%
20%
12
93% Jan. 13
66% May 1
15% 15%
•5%
44% 44% 44% "45%
224% 224% 224% 225
7% 7% *7% 7%
,.
*5
6
44=8 4514
44
'22414 224i« 22li4 224>4 22414
*7
'7
714
8
•
447e
24
131
119
205
Jan.
Jan.
75%
f
100
303
364
20% 19%.
68
163 164
164
163
163 164
50% 50
50 le
50
50% 50
50% * 50
29I4 '>26
•28% 2914
29
15% 15% 15% 159
15^ 15^ 15» 15 ».,
151a 151a
"66" 164
16%
6 34%
Apr.
Jan.
Jan.
Apr.
Apr.
Jan.
Feo.
Feb.
Jan.
6
93%
May
124 192
19
38%.
Highest
34%
Mar.
Mar.
Mar.
Jan.
Jan.
Jan.
172% Jnne
1
i95
•18
73
24%
33 '8
99 14
195
78
*
47% 47% xt7% 47%
140
*33% 34
47
200
•5%
6%
73
23% 24
47
47
2oO
119
200
33% "37%
88
87% 89
63% 63% 63% 64%
20% 20%
7312 731a
23% 24
'117
4%
85
127
113
85 192
172% 172%
*17ia
78
118%
196
19
195
IS
•37
87
Lowest.
200
5
85
iso" 140
•5%
6
•4%
85
*
202
203
2021a 203
'172
I77I2 *171ial74
174
'176
'i71
1T4
195 196
195% 195%
1951s 19513 196 196
"18
*18
•18
•13
19
19
19
19
*37
3Hia •37
39
361a 36k *37
87I4
8608 87i«
86% 86'e 86% 87
87
bSia
63»8 64%
63
63% 63%
63»8 63%
6
2OI3
79J2
Shares.
12.
31% 32% 47,129 24%
5
85
of sales in 1891,
Week,
Friday,
June
11.
31% 32
118i»
2021a 2021a 200
'
Range
of the
Wednesday,
June 10.
85
85
85
"
"
.
Tuesday,
31
*4^....
(Balt.J.lOl
100
2d preferred
100
Boston & Albany (Boston) 100
"
Boston & Lowell
100
"
Boston & Maine
100
Central of Mass.
"
3 00
"
Preferred
1 00
"
Chic.Bur.&Qnin.
100
Chic. Mil. & St. P. CPA«.;-100
Chic. & W. Mich, r^oston;. 100
"
Cleve. & Canton
100
"
Preferred
100
"
Fitchburg pref.
100
FL&PereMarq.
"
100
"
Preferred
100
Hunt. «fcBr.Top.rPA«a;. 50
"
Preferred
50
"
Lehigh Valley
50
Maine Central (Boston). 100
"
Mexican Central
100
"
N. Y. & N. Eng.
100
"
Preferred
100
Northern Central (Bait.). 50
Northern Pacific (PhUa.). 100
"
Preferred
100
Old Colony
rBoston^.lOO
Pennsylvania.. (Phila.). 50
"
Philadel. & Erie.
50
Phila. AReadins;
"
50
Summit Branch (Boston). 50
"
Union Facinc
100
United Cos.of N.J.rPA«ffl.;l()0
WesternN. Y. &Pa(Phila.) 100
Ist preferred
6.
30% 31^
Atch. T. & 8. Fe f Boston). 100
••
Atlantic A Pac.
100
Baltimore
Monday,
June 8.
Saturday,
H Indicates unlisted.
UI.
,
4%
20 224%
7%
210
Feb.
17',
May
1
6% Jiin. 12
51
Jan. 26' 52% Apr. 28
June 8 230 Feb. 5
June UI 9 Feb. 11
niscellane as Stocks
H%
'
'
Inactive Stocl(s.
Prices of
June
Bid.
Ask.
Thorn. Europ.E.Weldf
12.
Atlanta & Charlotte (Bait.) .100
90
95
Boston & Providence (Boston) .100 252 253
Camden <fc Atantic pf (Phila.) 50
30
Catawissa
"
50
8%
*•
Ist preferred
56%
50
2d preferred
"
55
50
Central Ohio.
(Bait.)
50 50% 51
Charl. Col. & Angusta
"
100
Connecticut & Pass. (Boston) .100 tl23
125
Connecticut River...
"
100
Delaware«&Bouud ^v.(Phila.) .100
Har.Ports.Mt.Joy&L.
"
50
80
Kan. C'y Ft. 8. & M em. (Boston) .100
.
.
.
K.C'yFt 8. &Gulfpf.
K. City Mem. & Birm.
Bid.
Inactive stocl(s.
100
100
50
(Boston) 100
Water Power
Westinghouse
••
"
Elec.Tl
100
50
Bonds.— Boston.
i
|At.Top.&8.F.100-yr.4g.,1989, J&J
100-year income 5 g., 1989. Sept.
I
2%
Nor. Ist 5, 1926, A&O
2d mort. 68
1918, JctDiS
1S96. J&U 5
Debenture 68
Chic. Burl.& Quincy 4s 1922, F&A S
Iowa Division 4s
191!', A&O 5
Chic.& W.Mich, gen. 5s, 1921, JA:D|S
Consol. of Vermont, 5e.l913, J&J S
Current River, 1st, 5s. .1927, A\0
Dct. Lans.&Nor'n M.7S-1907, J&JIJ
Eistern Ist mort. 6 g., 1906, MiS
I ree.Elk. & M. V.,1 St, 6S.1933, A&O
Unstamped Ist, 08
1933, A&O S
&
. .
.
98%
,100
99
100
85
88
88
93%
88
[
)
I
,
1
.
.
i
i
I
T>
S-,
.-•
5s, r
Ask.
•
t
. .
,
.
24%
Feb. 17
Jan. 31
Jan. 5
Apr. 2S
Ill
Little Schuylkill
(Phila.)
68
106
Manchester & Law.. (Boston) .100
MaryL-md Central....
(Bait. ) 50
Mine Hill & S. Haven (Phila.) 50
67
116
NesquehouingVal....
"
50 54%
K.C.C.&8prlng.,l8t,5g.,l»25,A&0 I 92
Northern N. H
(Boston) .100 137
K. C. F. 8. & M. con. 6s, 1928, .M&.\ 1
106
North Pennsylvania. (Phila.) 50
K.C. Mem. &Bir.,l!,-t,58, 1927, M&81S
80%
89
Oregon Short i.in^...( Boston) 100 26
26% K.C. St. Jo. &C. B., 73..1907, J&J
Parkersbuig
(Ball.
50
L.Rock&Ft.8.,lst,79..1905, J&JJ 93
95
Pennsylvania & N. W. (Phila. ) 50
Louis.,Ev.&8t.L.,lst,6g.l926,A&0
Ealeifih & Gaston ....
(Ball. )100
2m., 2— 6 g
1936, A&Ol
Rutland
(Boston). 100
3
Mar. H. & Ont., 6s
1925, A&OJS
'100
Preferred
100 64
Exten. 68
1923, J&D,
Beaboard & Roanoke. (Bolt.) 100
Mexican Central,4 e...l911, J&j|5 70%
Ist prefen«d
100
Istcousol. incomes, 3g,non-cuin. 5 36
36%
West End
,(Boston)
50
80
2d consol. incomes, 38,uon-cum.jS
20
Preferred
"
50 82% 83
N. Y. & N.Eng., 1st, 7s, 1905, J&J
119
West Jersey
(Phila.). 50
57
58
Ist mort. 68
1905,J&J 110 112
West Jersey & Allan.
"
30
50
2d mort. 68
1902, F&A 100% ....
Western Maryland..
(Bait.)
16
50 10
2d mort., scaled, 5s... 1902, F&A
99 101%
WUm. Col. & Augusta
"
100 109 109% Ogden. & L. C.,Cou.6s.l920,A&06
Wllmingt'n & Weldon
"
100 115 120
Inc.Os
1920
Wisconsin Central. .. (Boston) 100
18% 19 Rutland, Ist, 68
I9O2 M&N 1108
Preferred
"
100 45
2d, 5s
1898*, F&A 100
Worc'st.Nash.&Koch.
"
100
Bonds,— Philadel ihia.
MIHCELLANKOUS.
Allegheny Val., 7 3 lOs. 1896, J&J 110
Alloucz Mining
(Boston). 25
3% 3% Atlantic City 1st 5s, g., 1919,M&N
103%
Atlantic Miuiug.
"
25
15%
Belvidere Dei., 1st, 6s. 1002, J&D 112
City Passeugei RR... (Bait.) 25
68
75
Catawissa, M., 78
1900, F&A 118
Bay State Gas
(Boston). 50
29% 30 Char. Cin.&Chic.l8t5g, 1947' Q—
*'
Boston Land
10
6
Clearfield & Jeff., Ist, 68 1927, J&J 120
Centennial Mining..
"
10
15
16
Connecting. 6«
1900-04, M&8 116
Fort Wayne ElHctriclT
"
25
11% 12% Del. & B'd Br'k, 1st, 78.1905.F&A t-Franklin Mining
"
25
17
18
Easton&Am. l8tM.,58.1920. M&N t .
108
..^.j-.'-^^-.Frenchni'n'sBayL'nd
trim
Wi Im -1-j.
"
5
4% ,5 Elmir.
&Wilm.,l8t,
68.1910, J&J- t.
Huron Mining
"
25
2%
2%
Hunt. & Br'd Top, Con. 5s.'95,AAO
1101%
niinoia Steel 1)
100
68
Lehigh Nay. 4%s.
1914, Q-J 107%^
"
Kearsarge Mining.
25
12% 13% 2d 6s, gold
1897, J&D 112%!
Morris Canal guar. 4. (Phila.) 100
79% General mort. 4%s, g.l924,Q— F
100
Preferred guar. 10
'•
100 il98
L*igli Valley, 1st 6s... 1898, J&D 110% 112
Osceola Mining
(Boston) 25
36% 37% 2d 78
1910, M&S 131%'
"
Pewabic Mining..
251
Consol. 6
124
1923 J&D
Pullman Palace Car..
"
100
liNorthPenn. Ist, 7s.'.V.1896,'m&N il2%113%
"
Qulncy Miuing
251 JI?"*}?! ' Gen.M.78
125%!
1903,
J&J
Tamarack Mining
}?n H2 hPenusylvania gen.
"
26 ^°"
6e,r.. 1910, Var
128
,«/.!
ThomB'nElec.Wi 'l'gii
"
1001 ......\i^^^
Consol. 6e, c
.1905. Var t
!121%
H UuUsted. } And accrued iuteresu \ Laat price this week.
.
26
1919, Var
Collat.Tr. 4% g
1913, J&D
Pa. & N. Y. Canal, 7s. 1906, J&D
Consol. 58
1939, A&O
Perkiomen, Ist ser.,5s.l913, Q—
Puila.& Erie gen. M. 5g.,1920, A&iO
Gen. mort., 4 g
1920, A&O
Phila & Read, new 4 g., 1958. J&J
Ist pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958 Feb. 1
2d, 78
1893, A&O
1911, J&D
Consol. mort. 78
191l,.l&D
Consol. mort. 6 g
Iini>rovementM. 6 g., 1897, A&O
Con. M. 5 g..8tainpod,1922, M&N
Phil. Wilm. &Balt., 4a. 1917, A&O
Penna. Consol.
77% 77%
47%
86
18%
tEx rights.
6,891
19%
60
47%,
I
5
June 9
Feb.
Bid.
2%
97
2
June 9 49
41
366 25
Bonds.
1910,J&Ji
Plain 4s
Chic. Burl.
1-2% Jan.
15
1.205
Ask.
12% 13%
BurL & Mo. River Exempt 68, J&J ;ii2
Non-exempt Os
1 918, J&J
58% Jan. 17 92% Apr. 20
84% Mar. 11 96% June 9
407 1184 Jan. 29 220 Jan. 14
1,135 3 •% Jan. '^1 46% .Mar. 31
1,305 13% Jan. 2 17 Jan. 14
107 246 Jan. 3 280 Mar. 31
41% Jan. 27 58 June 3
55 44% June 4 49 Jan. 14
45 46% Jan. 3 50% Mar. 31
5 15 Mar. 30 24 Jan. 9
210 46 Mar. 25 4S% Feb. 10
48 50 Jan. 3 53 May 5
1,!>95
117
101%
110%
t
78%
52% 53%
&
St. L., 7s.
...1900.
37
28
3.)%
27
106%
126
113%
104
100%
,
'Pitta. C.
....»•
98
116
41
F&A 115%
Po'keepsie Bridge, 6 g. 1936, F&A
i8chuyl.R.E.8ide,lst5 g.l935, J&D
1
103 103%
8teubeu.&lnd.,l8tm.,58.l914,J&J
United N. J., 6 k
1894, A&O 105
Warren & Frank., lst,/8,1890,F&A tlOs%109
Bond 5.— B iltimore.
121
'Atlanta & Charl., Ist7s, i90?, J&J 120
Income 68
1900, A&O
102
99 100
Baltimore & Ohio 4g., 1935, A&O
g... 1925, F&A 104
Pitts. & Conn.,
105
Staten Island. 2d, 5 g. 1920, J&J
Bnl.&OUio8.W.,l8l,4%g.I990.J&J '95% "97"
CapeF.&Yad.,8er.A.,6g.l916, J&D
99 100
Series B., 6g
1916. J&D
98 100
1916. J&D
Series C, 6 g
98 100
Cent. Ohio, 4 % g
1930, M&8
Charl. Col.&Aug. Ist78.1895, J&J i08'" 109%
10;j% 102%
Ga. Car. & Nor. 1 st 5 g. 1 929, J&
1900, J&J 114% 116
^orth. Cent. 68
J&J
115
68
1904,
119
.'i
;
1
.
Series
1926, J&J
1925, A&O
A,58
4%8
Oxf.&Clark.,int.gu.,6g.l937,M&N
Piedm.&Cuiu.,l.st, 5g.l9il, F&A
l8t 7s 1 898, J&
Virginia Mid., lat 68...1900, M&S
1911 M&8
2d Series, 68
1916, M&S
3d Series, 68
192 1,
4th Series, 3-4-5s
1926,
5th Scries, 5s
Pitts.
& Conuells.
.
llO%llll%
.'.'.'.'"
ioi""
100
|114%
'118%
114
117
115 116
107%' 108%
80
100 |l01
West Va.C.&P.lst,6g.l9ll, J&J 107%, 108
97%
West'n N.C. Oousol. 6 g.l914, J&J
Wllm. Col. & Aug.. 6s.. 1910, J&D 115 jll7
MISCELLANEOUS.
116% 117%
Baltimore—City Hall 6s. 1900, Q—
M&S
M&8
[
<
1900, O—
FuudingOs
117%
West iiaryl'dRR. 68..1902, J&J 120 ,122
1916, M&N 124 il25
Water 5a
125
Funding 58
1916, M&N 124
19.<o, J&J 103
Exchange 3%3
[103%
1900, J&D 10J%'l04'''a
Chesapeake Gas, 68
Consol. Gaa, 63
Equitable Gas, 6s
Virginia
(8t<vte> 3s,
new
1910, J&D
1939, J&J
1913, A&O
1932, J&J
112% 113
99
105
1
100
(106
64% 65%
Jdne
THE CHRONICLR.
18, 1891.1
6»8
WBW YORK STOCK KXCHANttB PB1CE8 {CoMnwi).- AOTTt^B 00X09 JUSE
Kangt
Baslboxd and Hiscki.. Bondh. 'Inler'$t
Price
I'triod. J'M 12
At.T<i|i&>i'.F.-lCO^yr.,4K.1989 J A J
1989; Cept.
100-vi>»rlncoiiic,!Ss
Atl.
A
J'lU'.— W.D. Inc.,
Uiianiiitood, \
(C
O».l«lo
19M7
Brookru Elevafcl l8t,U,g.l924
Cau. Soutb.— UtRuar., 5s 1908
l$alt*t (m 181)1.
Lmetit,
75
79»8
1913
2d,B8
Central of N. J.— Cons., 78. 1899
Consot.. 78
1902
General niorte^are, 9 ff..l987 J
Leh.&W.B.,con.,78,a8'<1.1900
1912 H
do. inortKiitfe, &8
MA
ti
U
N117
14
.75
V.Y. Central— KxteDd., S* IHWI M *
1st, ooupou, 7a
Deben., As, onup.. I8M4.. nH>4 M A
!H. Y. A Harlem— Ts, reg.
MMM) M A
5. Y. Chle. A «t.
19;i7 A A
» g.
N. Y. Elevated— r*
1906 J A
M.Y. Look. A W.-l(t,6s..l92l J A
Conatniotlon, 5s
193:i F A
Jon.
Jon.
,
U—
1214 Jan.
107'4 Feb.
loo Keb.
>
118
123
Mar.
Mar.
120 May
107 Jan. 111^8 Mar
l083eJune 113 Jan.
95 >9 Mar. 99 May
b.
J 109^
Q-M
ftrkxI.lJ'nt
80 Ig Apr.
53 Jan.
Mar.
38!% Mar.
h.
11
Mar.
J A J 71>sb. 70>g Mar
A <<t O 111
108^8 Apr.
J & J 101^8
104 June
M & B U«
9S>« Jan.
Q-J 116>4ii. lis Jan.
il09
STWJt JAY
|(|#|.3
t,
Otv*'ng Ktutgt iialrtj in in»|.
RAII.KUAO AHIl VUCRL. BoKM.'iN^r'*/' PHt*
Btghnt.
47
II, AITD
I
. .
.
.
M.Y.I..G.AW.— lst.oon.,7g.l92<> M A
Long Doek, 7s
1893 J A
OonsoL.Ug
1935 A A
adoonsoL.dg
1969 J A
M. Y. Ont. AW.— 1st, 6g..l9l4 M A
Oonsol. Ist.5g
1939 J A
N Y.B11S.AW.— Istret,6g.l937 J A
KUlandof N.J.,Og...il9IO A A
Norf. _
AW.—
...
IOO-year,Og.l990J
...,_,„-. ...^
_
A
Mortb.Poo.— lst,ooap.,6K.192llJ A
Oenerol, 2d, ooop., 6 g..l933 A A
General, 3d. coup., e g.. 1937 J A
Consol. mort. 5 g
1980,J A
W
8,'104
UnuM.
UJ
Ilighttl.
100% May
lOOitb.
Mtt't Mar.
IU4>a June llo jSL
llMifMay 133
wi'HMay 93<iiJaa.
JlMhiti. Ill J»,,.
ApK
O
b.
89',
,
I
JjlVf
I27%j»i.
a.
A'iOMI,!.. joh
Fell
H M.in
J 'til.
133
D I03i«li. 103
(>|I1H b. 115
D' 97 a. 96
A.
I
-.
13.'
Ja&
<<>o%JDaa
137% r«f
June ln7>< As
J... II8I4
A N 101 a.
June 102'slApi,
Am. Uoik & IiDD ,."58....1921 J A J 108 b. 105% Mar. 1081a Jan.
8 110>ab. 110 Mnr. lift
_
J
& J 111
10>9 May 112% Mar.
Central I'aclflu— Gold, 68. .1898
9<lia
D
90i«Juae
114 Apr. 117% Mar.
ChC8. & Ohio— Mort., « g..lJll A A O lis
'B? b. 94 J
J
100*4 VJC
94 >g May 100 1« Feb.
l8t cunsol., 5 g
1939 M <b N| 9S3g
O 118 a.ll|iaMay, IISiafMlL
R.&A. I)lv.,l8toon..4(f.l989|J & J
.,
__ _,
J|'92
„„ June lOOialTakL
s. 90
do
l8tcou..2-4K.1989:J A J 68 b. 67 Jan.
711a Feb.
j!i1A% 113 J'i>. ll7i«Apr.
do 2dcon., 4g...l989 J A J OSija. 67i9June 73 Feb.
lIlWo. 109 May lUUMok
O
Ches. O. A So. W.-6 g
1911 F A A 106 a. 104 Jan. 112 Apr.
I3i4 pS.
D, 10714b. IOU>gJnue
120% May 123 Jan.
Cblc. Burl &Q.— Con., 78.1903 J A J 121
d' 78%
78 June SSTgian.
Debenture, 58
1913 M A N( 99>ga. 9714 June 1021a Apr.
North. Pao. AMon.—6g...l938H A 8 1031a
103 Apr. 109 "'
Denver DivUloD.48
1922 F A A] 96 "ab. 8714 May
95 Jan.
North. Pac. Ter. Co.—6 g. 193:1; J A J 106 b.'lOS J«n. ,119
84 May
Nebraska Extension, 48.1927 M A Ni R4>4
88% Jan.
OhioA.MlHH.—Con«.s.f.,7s.l898;J A J 110
IlIO May 112 Felk,
Chic. & E. III.— l8t,8.f.,6e.l907|J A D'UO b, 113
Jan. 11558 Apr.
Consol., 78
1898!J A Jill a.l|ll
M r. 113 Mar
Con8ol.,6g
1934 A A O 120 a. 119i9Apr. 121 Jan.
OhioSouthcm— l8t. 6 g...l9ai'J A D 103 a.'10Jia-Juiie HO Mar.
95 Jan. 100 Apr.
«,'"""
General consol. Ist, 58.. 19371 M AN 96
General mort., 4 g
1921MAN*a9
63 Feb.
SS t
Chic. <:as !..&(;.— l8t,5g. 1937 J A J\ 9mib. 83% Jan.
Omaha A St. Louis—Ig ..193:iJ A J, SS %. S3 Ja
921a Apr.
58% Jan.
ChlcMlLAStP.— Con.78.1905 J AJ* 123'«b, 120 Jaiu I2513 Feb. Oregon
Imu.
Imp. cCo.— l8t,6g. 1910 J A D 96
90 J«n. i03%Feki
"
Jan. 11214 Apr.
l8t. Southwest Dlv., 68.1909 J AJ*Hl38b.ll0
65i« May ,74 PMw
'g
...." 1939 A A O 65%b.
Consol., 5
l8t,8o.Min. l)lT.,ti8....1910 J & J 112 b. 110 Jan. 114 Feb.
Ore.R ANav.Co.— lst,6g.l909'J A J 107^^10718 Ja.
110 tur
l8t,Ch.APaoW.Dlv., 58.1921 J A J 105 b. 104 Jan. 10738 May
Consol..9g
1925 J AD
1 00% Mar.
92 J
Chic. A Mo. Riv. Dlv., 58.1926 J A Jl 97 b. 941a Apr.
98 Jan.
Pb. Co.—4isg., coui)on....l921 J A J 105 a. 104 M..y 106 Jan.
Wis. A Minn. Div., 5 g.. 1921, J A J 101 b. 101 Jan. 103 Jan.
Peo. Dec. A Evansv.—6 g
920 J A J 100 b. 100 J'kU. 109% May
1914 J A J lom 100 Mar. 1031a Apr.
Terminal, 5 g
BvansvlUe Di v 6 g
920 M A 8 102 b. 95 J n. 103 Feb.
Gen. M.,4g., series A. ..1989, J A J S3hi». 831a June 87 Feb.
2d mort, 5 v
1926 M AN 68 b.l 66 Jan.
747, Apr.
Milw.A North.— M.L.,6b. 1910 J A DUO a. 107 Hi Jan. 112 Feb.
Peoria A East—Cons., 48. 940 A A O 75
74 June 80 FeD.
Ist, con., 6s
1913IJ A D 108 b. 107 Jan. 112 Apr.
Income, 4a
1990 Apni.
16 June 22 Jon.
134 June 139% Apr.
Chic.AN.W.—Cousol.,78..19l5 Q-F 134
Fhlla. A Bead.—Gen.,4g.l958 J A J 78%
77% M .y 82 Feb.
1902 J A D 12114b. 121 Juno 127% Feb.
Coupon, gold, 78
ist pref. Income. 5 g
19.58
Feb.
52%
47% Mar. 58 Jan.
A
AO*
113
a.
Sinking fund. 68
1929
1141a May 115 Feb.
2d pref. Income, 5 g
1958 Feb.
86
32 Mar. 38^8 May
1929 A A O lOSisb. 105 Jan. 10Ki4Feb.
Sinking tuud.Ss
8d pref. income. 5 g
1958 Feb.
26 b. 25% Mar. 30 Jon.
Sinking fund deben., 58.1933 M A N *102 b. 103 May 109 Feb
Pittsburg A Western—4 g.l917'J A j' 78%b.l 75% Jan.
81 Feb.
25-year debenture, 5.... 1909 M A N 103
Klch A Dauv.— Con.,eg..l9l5 J A J 115 a. 115 Jan. 118 Jan.
1041a Jan. 105% Apr.
Eitenslon, 48
1926 F A A 94 b. 94 May loo Jan.
Consol., 5g
1936 A A O! 80
80 June 9l%J.tn.
Chic.Peo. &St.Loul8— 5g.l928M A S 95 b. 95 Apr. lOOiaJan.
Kloh.AW.P. rcr.-Trust,6g.l897 F A A 95
93 May 100% Jan.
123i4May I2714 Feb.
Chic.R.I.&Pac—«8,coup.l917 J A J 122
Con 1st AcoLtrn8t,5g. 1914 M A 8, 64>a
63% June 7.i Feb.
9514 Mar. 991a Jan.
Extension ..nd col., 58. ..1934! J A J, 97%
Bio G. Western- ist, 4 g.. 1939 J A j' 76%
74 Jau.
77%Fe&
100 Feb. 103 May
Chic.8t.l..&Pitt.-Con.,5g.l932iA A O'
K. W. A Ogd.—Con., 5a. ...1922 A A O 108%
105 J*ii. 114 Mar.
,8t Jo. A Gr. Island—6 g.. 1925 M A N *83 b. 82% Mar.
Chic. 8t. P. M. A O.— 6s.... 1930 J A D 113 b. 1131a June U9 Jan.
02% Jan.
8tL. Alt. AT. H.— Ist, 78. 1894 J A J 108 b. 110
Cleveland A Canton— 5g.. 1917; J A J*91
861a Apr.
10 J.«o.
911a May
10% Mar.
Jan. 132 Fob
2dpref.,78
C. C. C. & I.— Consol., 7 g.l914 J A D *129 a. 129
1894 F A A I04iab. 104 May 107 Jan.
114 June 121 Mar.
1934'J A J 114
General consol., 6 g
Bt L. AlronMt— l8t78...1892 F A A 103
ilOliaFeb. 105 Jan.
1900 F A A 104'sa. 102 Jan. 106 Jan.
2d, 7g
Col. Coal & Iron— 6 g
1897 M A N,l05%b. 104% May 108%Aj>r.
Apr.
71 Jan.
CairoArk. ATexas,7g..l897 J A D 105 a. 103% Jan. 107% Mar
Col. Midland— Con., 4 g...l940 F A A *62'aa. 62
79 June 86 Jan.
Gen. R'y Alandgr.,5g..l931 A A o! 87%b.| 31 May
Col.H.Val.ATol.— Con.,og.l93i:M A 8 79%
93% Jan.
88 May
8tL. ASauFr.- 6g.,Cl.A.190« M A N 106 b.'lOS June 112% Apr.
General, 6g
1904 J A D 82 b. 84 Jan.
6 g.. Class B
Denver A Rio O.— lBt,7 g.lOOOJM A N II412B. 115 June 1191a Feb
1906 MAN 106 b. 106% June 113% Apr.
83 Feb.
1936 J A J; 81 b, 79 Jan.
6 g.. Class C
Ist consol., 4 g
1906 M A N,108
jlOS
Muy 114 Apr.
91 Jan.
General mort, 6 g
Det B, CityA Alpena— 6g.l913 J A J^
961a Feb.
1931 J A J 103 b.'lOSM JuuelllO Jaa
StL.So.\Vcst.— l8t,48,g..l989M AN 67
Det.Mac.&M.— L'dgrants.l911 A A O; 30 b. 291a Jan. 32 H Feb.
67 June! 67 Jnn»
2d.48,g.,inflome
Dul. Alron Range—os. ... 1937 A A O, 97 a. 95 Jan. 100 le May
28 June! 28%Jna*
1989 J A j! 28»4
99 Feb.
8.P.M.AM.— Dak. Ex., 6 g.l910 M A N'114iaa.'ll4 Hay 119 Jan.
Dul. 80. 8h. A Atl.—5g....l937 J A Ji 97 a. 95 Jan.
let consol., 6 g
E.Tenn.V AG.—Con.,5g.l956;M A N! 99>eb. 96 May 104 Jan.
1933 J A J 115%a.;il4 Mar. 117 Feb.
do
reduced to 4 lag... J A J'lOl a.'lo0 Mai. |102%Feb^
Knoxvllle AOhio, 6 g...l925 J & J 108 a. 103 14 Jan. 10916 Apr.
Montana Extension, 4 g. 1937 J A D 34 a.! 80 Jan. 87% Mar
Apr.
95 Jan.
Eliz. Lex. ABigSan.- 6g.l902M A 81 88 a. 88
8anA. AAran. P.— l8t,6g.l91uiJ
74 Feb.
62 Jau.
J
Ft W. ADenv. aty—6g..l921iJ A D 100 b. 99''8Jau 105 Jan.
Ist, 6g
Gai.H.&8auAn.-W.Div.l8t,5g.'M A N| 92 b. 92 May 95 Apr.
1926;J
J-60 b. 62 Jon. 73% Feb.
Bhen. Val.-lst,7g., tr. rec.1909
133% Apr.
1126% J«'
Han. A St. Jos.— Cons., 68.1911 M A 8112 b. 10 Mar. 117 Jan.
Gen'l6g., Tr. rec. a88't'd.l92ll
93% May 97 Mar.
54 b. 55 May 61% Jan.
Dllnois Central—4 g
1952 A A O'
So.Car.- Ist, 6g.,excoup.l920'
Jan. 115 Jan.
1106 a.'l03 J«ii. 107 Feb.
Int. A Gt. No.— l8t, «g....l919 MAN HO%b. 111
27 Apr.
lncome,63
1931'
OT^aa.
€8
Mar.
76
i'21%a.'
13 Jan.
M
A
8
Jan.
Coupon, 6 g., trust roc. 1909
80. Pac., Ariz.— 6 g
87 May
1909-lO'J A J 102 b. 101% Feb. 103% M!ar
Iowa Central— 1st, 5 g
1938 J AD 8114b. 80% I'eu.
114
So.
PaoiUc.Cai.—
112%b.
Mar.
b.
7812
Jan.
109%
Apr.
Jan.
82%
1905-12
A
A O
Kentacky Central-^ g.... 19871 J A J 81
6g
"" Jau.
"
Ist, consol., gold. 5g
101% Mar.
1938 A A O, 99 b. 99
Kings Co. El.— Ist, 5 g.... 1925 J A J 100 b. 9718 Apr. 1001-2 May
104
Pacl.lc.
N.
Apr.
7112
80.
M.—
103%
102%
June
Jan.
J
Ja".
73
1911J A
Laclede Gas— Ist, 5 g
821a
6g
1919] Q— F
94 Jan.
Tenn.C.I.ARy.—Ten.D.,l8t,0g A A Oi 89%
86 Jan.
1937 J A J!l07i«a. 10519 Jan. Slog's Jan.
Lake Erie AWe8t.—5 g
Blrm.Div.. 6g
1917J A J 93 b. 9i May 96% Jon.
L.Shore— Con. cp..l8t,7s.l900:J A J 123i4a.;120i2 Jan. 122% Jan.
85%J«i,.
90% Apr.
Tex, A Pac.— l8t, 5 g
2000 J A D' 87%
Con!<ol. conp.,2d,78
1903 J A D 118 b. 121% June ,124 Jan.
29% Mar. 35% Jan.
2d, income. 5 g
2000 March. 31
Longlsl'd- l8t, con., 5g..l93ll (^-J •;*114 b.;ilO% Jan. llSiaMar.
99% Feb.
93 Jan.
(T0I.A. A. AN. M.— 6g
1921M AN; 94
88 June 92isJan
General mortgage, 4 g.. 1938 J A D; SSM
June llSiis.Mar. Tol.A. A. AGr. Tr.—6g....l921 J A Jil06 b. I0< Jan. ,108 Apr.
Louis. & Nash.— Cons., 78. 1898' A A O 111 b.'lll
lO-.'OgJan !l07%Jaa.
Tol. A Ohio Cent— 5 g
1935 J A J, 103 b. 10-.>°gJan
N.O. AMob. l8t, 6g
1930 J A J n6iab. 114 Jan. 118 Feb.
77 Jan.
Xol. Peo. A West.—4 g
1917 J A J, 74 b.!
b.I 73% M.iy
do.
2d.6g
1930 J A J 112 a. 106 Mar. Ill la May
Jan.
Tol. St. L. A Kan. C— 6g..l9l6 J A D 82%b.' 3u%JU'.e; 91
Ill June II314 Apr.
1919JA DUO
E. H. A N. l8t, 6 g
'll4%Mar.
1I2%0.
lll%May
Onion
Pa<iac—
117
May
J
A
J
1899
Gener.il.Gg
1930 J A D* 112H.b. 113 Feb.
6g
Slukinir fund. 8h
1893 M A 8 108 b. 107 Mar. 111% Feb.
Collateral trust, 5 g
1931 MA N 9i)i4a.' 98 June !l03ia Feb.
74 Apr.
Coilai. tru.-t 4%
1918 M A Ni 65 b. 69 Feb.
101 Mar. Ill Jan.
Louis. N.A. A Ch.— Ist, 6s. 1910 J A J 107
Kansas PaciQo— Ist, 6 g. 1895 F A A 109 a.' 107% .May Ill Jan.
Consol. ,Bg
1916'A A O 93 a. 84 Mar. 98 Apr.
Is Mar
Mar.
109
D*l08b.l08
l8t,6g
1896JA
Jan.
88 Jan.
Louis. 8t L. &Texa8—<!g.l917F A A, 78isb. 78
Denver Div. —6 g
lll(i8.Jan. Ill5
Feb.
1899 MA N 10 b. 10il% May iii%rMetro. Elevated— l8t, 6 g. 1908 J A J 114
lll%Apr
106s»
June
106%b.
l8t«onso1..6K
1919M
A
N
2d,68
1899 MA N 103 a. 103% June 108 Apr.
OreKon8h..rt I,1uo-6k..1922 F A A 101 b. 100 Mar. 106%Jaa.
,118
June 1241b Apr.
Mich. Cent.- l8t,oon.,78..1902;M A N118
Or.S.L.AUt'hN.—Coii.5g.l919A A O, 72%b.: 73 Mar. 80%Feb>
Consol., 58
1902 M A N 110 b. 107 Mar. 108 Feb.
U.P.Den.* Gulf con. 5 g.l939 J A D 74 a. 74 June 82 Jan.
Mll.LakeSh.AW.- lst,6g.l921iM A N 115 b. 118 June 127 Apr.
Apr.
Duion Elevated— 6 «
1.1937 MA N 107% llOO J«u. 1 1
Exten. A Imp., 5 g
1929'F A A' 98i«a. 98 Jan. 101 '9 Jan.
M. K. AT.— Ist 48, g
74% Jan. 79% Feb. Virginia Mid.-Gen. m..58, 1936 MAN 80 b.' 80 Jiino 89%rM>.
1990 J A D 75%
90
Fabk
Jan.
82
b.
83
MAN
do
stamped guar.
2d 48,g
1990F A A 40
441a Jan.
361a Jan.
1939 M AN 973*
06%M»r 102 Feb.
Mo. Paciflc— l8t, con., 6 g.l920 M A N 106i«b. 103 May HI Mar. Wa1iash-l8t,5g
77% Jan.
"939.
70 Feb.
1939. F A A 74
2d mortgage, 5 g
3d, 7s
1906 M A N *108 b. 112 May 116 Apr.
35% Apr
DebentM., series B.
1939 J A J 30 b. 27 M^y
Pac. of Mo.-l8t, ex.,4g.l938 F A A 92 b. 96 Apr. 100 Jan.
103
Jon.
Jan.
103i4.May
100
2361 J A J 101%
1891iJ A J 103i«b. 991a Jan.
WestShore— Guar.. 48
2dniort.,78
96 Jan. 101 Feb.
MobUc AOhio— New,6g..l927!J A D 114 a. 112 Jan. 1171s Apr. WestN. Y. APa.-lst6g.1937 J A J 99%
SS-'aFeb.
June
27%
2d mort., 3g., 5so
1927 A A O 27%
70 Feb.
General mortcage, 4S...193S M A 8 OS's
63 Jan.
WestUn.Tel.-Col. tr.,5».1938J A J 99 %b. 98 Jan. 100% Apr.
Mutual UuionTel.—6 g.... 1911 M A N *101 b. 100 May 105% Feb.
97 J«b
May Wi8.CentCo.-lst5g
1937jJ A J 01 b. 01 May
Nasi]. Ch. A St.L.— 1st, 78. 1913' J A J 12iiiab. 125
Jan. 127
4B Jm.
1937'
36 b. 34% Jan.
Income, 5
Con., 5 g
1928 A A 0*102 b. 103 June 107% May
1
I
I
1
1
I
.
>.
1
. .
1
,
1
1
I
i
1
,
i
;
i
I
1
1
1
I
'
1
!
'
i
I
,
<
,
,
,
l>.
.
1
1
1
;
-
\
I
ic
I
HOTE— "b" Indicates price Wd;
" a" price luked
;
the Ranze
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
is
made up from
SECURITIES.
Aalt
Bid.
A0.8. W., 1st, g.,4%«... 1900
1919
Mon. Riv., Ut g.. g. 5s
Bonds.
(Block Exchange Pricet.)
Alabama Mid.
68 ....1928
Dan. —Ist g., 69.. 19 17
-Ist, g.,
87
'
A
vs".
Latest price this week.
BONDS-JUNE
19.
SECUBrriKB.
Ask.
93
Bid.
Rap.A No.— (ConUn'd)—
Minn. A St U— Ist 7», gu..l037
Iowa C. A West— 1st, 7s.. ..1809 •ioo"
Aak.
Bnrl. Ced.
Oeai-IOhio Reor.— lot, 4%8. 1930 io6%
Boat H. Tun. A W.— Deb. 58.1913 98% 09%
87
Brooklyn Elevated- .id, 3-58.1913
SuH. Roch. A Pltt«.—Gen., 58.1937
1921 U7>»
Boch. A Pitts.— Ist, 6a
Atl. A Pac— 2d
D., gu. Gs, 1907
Consolidat'd 1 st, Ba 1 922 111
do
117
Bait. A Ohio— 1 81, 68, Park B.1919 114
1st,
So.
1906 93
No.—
Rap.
A
Burl
Ced.
104
1925
89, gold
Oonsol. A collat tniat,5a...l934
Cons, mort, (roll. 58
1988
• No price Friday; these are the aiest quotation" made this week.
Atlantic
•
PBICES-(Contlnued).—7iV.4C2TFE
B.
Railro.id
actual aales only.
Oed. Rap.
lat.
L
F.
A N..
1st.
S«
OlIOSO
IMl
ibi%
ft
06" COblo- *1. ACIn.M lst4%*.10M *"•'
M%
94
85
8IW
.
.
>nt BK. A Bank.-Ool. g.fts.lM?
Cbat RomeA Ool.— Gtd.«.S«. 1937
Sav.A West- Utoon.(td.6ikl9i0
leot of N. J.-Conv.
''»h..
«« looa
lis"
THE CHRONICLE.
894
[Vol. Lll.
NEW YORK STOCK EXCHANGE PRICES—-CV^CTIF^ BONDS—CContinuedj-JUNE
SECUKITIE8.
1897 "HUs
1900 107
1939
1900
Goldbouds, 68
Ban Joaquin Br., 69
Mort. gold 5s
Dakota&Gt.
South., 5s. ...1916
Bscaiiaba
&
106
DesM. & Minn.- Ist, 78....1907 121
Iowa Midland— 1st,
8s
1900
Peninsula— 1st, conv., 78. ..1898
Chic. <fe Mi] waukee— Ist, 78 1898
Win. <tSt. P.— 2d, 7a
1907
Mil. & Mad.— 1st, 6s
1905
Ott. C. F. & St. P.— 1st, 5s. .1909
Northern 111.— 1st, 5s
1910
O.R.I.&P.— D.M.&F.D..l8t4e.l905
lat, 2I2S
1905
Extension, 4s
1905
Keokuk &Des M.— 1st, 5s.. 1923
Ohlc. St, P & Kan. City— 5s. .1936
Minn. & N. W.— Ist, g., 58. .1934
Chic.St.
115
116
111
91
P.& Minn.— 1st, 68. ..1918
Consoi
,
6s
65
95
88
83
lst,g. 4s. 1940
WhiteW.Val.Div.— l8t,g.48. 1940
Cln.Sau.&CI — Con.l8t,g.58, 1928
Ol.Col. Cin. & Ind.- Ist, 7a,s.l'.1899 112
Consoi. sink, fund, 73...
1914
Clove. & Mah. V.— Gold, 53. ..1938
Colorado Midland— 1st,
g.,
& W.— Convert.
Mortiase 79
:i926
78,1892
.
Kens.
Divisional Ss
Ist ext.. gold, 5s
Uq. &lnip.,g.,5s..
Mobile
.k
Birm.-lst,
Erie— 1st, extended,
99
80
1930
'""1937 10»
1938
,'53'.
g.
Alabama Central— Ist
6s
11937
1918
1897 112
1919 112
1923 106
19''0 110
1928 100
1920
19O8 103
B.N. Y.&E.-]8t,78.::::: 1916 •130
N.Y. L. E. & W.-Col. tr.,6s.l92a
Funded coup., 5s
1969
Income, 6s
1977
bms. & s. w.-Mortg: 6s:;;;i908
JTefferson-l St, gu. g. Ss
1 909
103%
Chicago & Erie, Ist, g.,4-5s. 1962
36
Income, 59
1982 26%
N.Y.L.E.iw.Coal&RR.-68.1922
Bvans. & T.H.— lst,con8.,69 1921
Mt. Vernon— 1 9t 6s
1923 109
Sul. Co. Branch-lst, g., 58.1930
92
'S'iian.-lst,
cons..
SJ;*?*;
t Marq.—Mort.,69 1 926
FUnt&P.
1920 117
1st con. gold, 5s
1939
PortHurou— Ist, 58
.
1939
78..
.
2d, extended, 58
3d, extended, 4 ifis
4th, extended, os
5th, extended, is
Ist, cons., fd. coup., 78.
Beorg., 1st lien, 68
.
. . .
. .
.
Ko
110
102
1907 134
Spa. Bing. & N. Y.— 1st, 78.1906 127
Morns & iissex-lst, 7s. 1914
lil-^s...
1891 102%
B''"Js,7s
1900
78 of 1871
1901 '121
lst,con., guar.. 7s
1915 '132%
» d. & Hud. Can.— Ist, ex. 73.1891
101 "4
Coupon, 7s
1894 108
Pa. Div., coup., 7s
1917
Albany & Su3q.— 1st, gu.,78.1906
1st, cons., guar., 68
1906 119%
& Sai-.— 1st, coup., 7s.l92]
68... 1908
Denv. & R. G.— Imp.,g., 5s. ..1928
E.'renn. Va, & Ga.-lst, 78... 1900
110
C—
& N.Ala
130
138
103
22
134
102
Pitts.
Pitts.
Preac't
27%
40
84I4
86
110
104%
65
97 14
80 "82"
86
97
40
122
112
98
1924 llO^ 115
Ashland Division— Ist, 63 ..1925
119%
Incomes
Minn.& St. L.— lot, g. 7s
1927 103% 106
Iowa Extunsion, Ist, 79
1909
96
2d mortg., 7g
1891
Southwest Ext.— 1st, 78
1910
97%
Paciflc Ext.— Ist, 68
1921
92
115
i'07'
101
132
106
4s.. 1936
Occur d'Aleue- 1st, 6s, gold. 1916
Gen. Ist, g., 6s
1938
Cent. Washington— lsf,g.,68.1938
Chic&Nor. Pac— lstg. 59.1940
SeattleUS.&East,— I8t,6s,g.l911
80
95
Norfolk* West,— General, 63.1931 118
119
New Elver, Ist, 63
1932 114
Imp. & Ext,, 6s
1934
Adjustment M.,79
1924
Equipment, Ss
1908
Clinch Val. 1st Ss
118%
1957 93
100
Scioto Val. & N. E.— ist, 4s,. 1990
73%
Ogd. & Lake Ch.— Ist con. 6s. .1920
93
price Friday; the** arc the
Istcat qnotations
made
this
week.
*
68
io6%
& Omaha— Ist, 5s.. 1927
& T.H-2d m. inc78.1894
& So. m.— 1st,
& Car.— Ist, 68
74
105
1894
53
83...1896
ii2% 114
Kan. City
Ft. 8. <&V.
IIOI4
102
& 8.- 1st,
6s, g.
B.Bg.— 1st,
..1916
6a... 1910
84
•••-a
92"
100
95
ADuluth— lst,53....193]
103
1917
2d mortgage Ss
Paul Minn & M.— 1st, 73. .1909
1909
*ii6
2d mort., 63
1 922
Minneap. Union- 1 st, 6s
iis"
Mont, Cen.— lat, guar., 6a. .1937
East. Minn., 1st div. 1st 5s. 1908
.58.1919
San Fran. & N. P.— 1st, g.,
1931 "93" 85
South Carolina -2d, 6s
8b. Pac. Coast— 1st, guar., 43. 1937
Texas Central— ist, s. f., 78. ..1909
St.
1911
1st mortgage, 78
1912
Sabine Division, 1st, 6s
Tex. & Pac, E. Div.— 1st, 6s. 1905
Third Avenue (N.Y).— 1st 58, 193
191
Tol. A. A. & Cad.—68
1919
!ToI. A. A. &Mt. PI.—6s
1940
Tol. A A.&N. M.— 58, g
1896
Union Paciflc— Ist, 6s
1897
l8t, 6s
1898
1st, 6s
Collateral Trust, 63
Col lateral Trust, Ss
C. Br. U. P.— F. c.,73
1
97
101
ibo'
106
105
104
"101
.
ill
82
.-•
83%
'84%
100
85%
110
108
109%
IIII4
908
1 907
1895 100
Atch. Col. & Pac— lat, 6s... 1905
Atch. J. Co. & W.— Ist, 6a. .. 1 905
U.P.Lin. &C0I.— lst,g.,5s. 1918
Oreg.S.L.&U.N.,coi.tr8t. ,53.1919
Utah & North.— 1st, 73
1908
84
74
74
100
1926
Gold,5s
82
Utah Southern— Gen., 78 ..1909 101
1909
Exten., 1st, 73
52
Valley E'y Co. of O.— Con. 6s. 1921
Wabash— Deb. M., series "A". 1939
1895
No. Missouri— 1st, 7s
73% Bt,L.K.C.&N.—K.E.&EK. 73.1895
St. Charles Br'ge—lst,63... 1908
West. Va. C. & Pitts.— 1st, 68.1911
94
Wheel.&L.E.— Ist. Ss, gold... 1926
1930
104% Extension & Imp. g., 5s
N. Y. N. H. & H.— 1st, reg. 43. 1 903 •102
106
N. Y. & Northern- 1st, g., Ss 1927 105
108
2d, 4s
1927
49%
N. Y. Busq. & West,— 2d, 4%8.1937
70
Gen. mort,, 58, g
1940
North'n Paciiic— Divld"d8Crip ext.
James River Val.— 1st, 63.. .1936 104
Spokane &Pal.— Ist, 6s
1936
St.Paul & N. P.— Gen., 6s.. 1923
Helcna&RedM'n— lst,g.,6s.l937
Duluth&Mauitoba— lst,g.68l936 104
Dul.&Man Dak.Div.— I8t68.1937
100
Texas & New Orleans— 1 st,7s. 1905
5s. 1907
80
. . .
1909
J 897
1900
1923
Chi.St.L.&Pad.— Ist,gd.g.53l917
St. Louis So.— lat, gd. g. 48.1931
do
2d income, 5a. 1931
1932 77
Car. & Shawt— Ist g. 4s
St. Lou & S.Fran.— Equip., 78,1895 100
193
General 5s
1987 *
Ist, trust, gold, 5s
St.Paul
102
1922
Minn. & Pac— 1st mortg., 5s. 1936
Minn.S.Ste.M.&Atl.— Ist.5s.l926
Minn.St.P.&S.S.M- 1st c.g.4s.l938
IMo.K.&T.— K.C.&P.,lst,4s,g.l990
Dal. & Waco— 1st, 5s, gu.... 1940
68.
.
C.
A.
Bellev.
Bellev.
98
equipment, 63
5s
Dividend bonds
103%
Mexican National— 1st, g., 63. 1927
2d, income, 6s, "A"
1917
2d, income, 68, "B"
1917
Michigan Central—68
1909 115
Coupon, 58
1931 110
Mortgage 48
1940
Jack. Lan. & Sag.—68
1891
8. f.,g..
Income,
do.
St. L.
w
1932 115
& F:— lat, 58... 191
& Ariz. Cent. 1st, 6s,g. 1916
& Char.- lat, pref., 7s.
Kan.
114
127%
114%
145
1st, 7s
1918 116 124
102
Nash. Chat. & St. L.— 2d, 6s.. 1901 107% 110
8218 New Orleans & Gulf- 1st, 68 .1926
114
N. O. &. No. E.— Pr. I., g., 68.. 1915
108
N. Y. Cent.-Dcb. g. 4s
1905 97% 98
85
N. J. June— Guar. 1st, 4s. ..1986
10158
ii'e'
Atl.
'W
Painsv.
Rio Gr. Junct.,lst,guar.,g.,5s.l938
M.. 78.1891
1 925
St. Jos. & Gr. Is.— 2d inc
80
tteechCreek— 1st, gold,
Mc K. & Y.—Ist 69
74% Uome Wat, & Og.— Ist
112
103%
108%
127% St. L. & Cairo—48, guar
1931
120% Morgan'8 La. & T.— ist, 63.... 1920 110
85
1191«
95
106
Equip. M.
67
72
19.37
Missouri Paciflc— Trust 5s. ..1917
Ist oolL,58, g
1920
St.L.&I. M.-Ark.Br., 1st. 78.1895
Mobile & Ohio— 1st ext., 68.. .1927
135
110%
101
&
s. fd.,
1912
1912 130
79.1900 117
6a. 1 892 •102
ii6%
1940
Iinpr.
3d, 7s
Clev. & P.— Cons.,
4tb,sink.f und,
Bt, L.V.&T.H.— lst,6s.,78.1897 IIOI4
1898 105
2d, 78
1898 107%
2d. guar., 7s
Peo.&E.-Ind.B.&W.-l3t,pf.7s.l900 115%
Ohio Ind.&W.— l3tpref.53..1938
Peoria & Pek. Union- Ist, 6S .1921 110%
1921
60
2d mortg., 4%3
• 30
Phila. & Bead.— 3d pref. convert
Pitts.C.C&St.L.- Con.g.4%3A1940
Pitta. Cleve. & Tol.— 1st, 63.. .1922
At.- l8t, 68, gold... 1921
Nash. Flor. & 8. 1st gu. 5s.,1937
1st, 6s
100
& C—Ist, 78... 1912 140% 141%
Pitts. Ft. W.
2d, 78..,
103
&
8.&W.— Conv. deb.,
114%
General 5s
1932
Ohio River RR.— 1 st, 53
1 936
Ohio Riv.-Gen; mort., g., 5a. 1937
Oregon & California— l3t, 5S.1927
1916
2d income, 6s
90% Rich. & Dan v.— Debenture 63. 1927
112
63
114
1910 101
1924 100
10-40, gold, 68
50.ve;ir 5s, g.,
Unified, gold, 4s
Mich. Div.,
1916
Denver City Cable-lst,
1897
1907
78
Gold. 58, coupon
Meiup Div., lstg. 4s
Mil. L.
68.1936
Colnmbia&Greeu.— 1st, 6a.
2d, 6s
Del. Lack.
93"
1920
Syring.&Col.Div.-
1st, consoi.,
2d, 6s
Ask.
Oreg. Ry&Nav.— Col.tr. g..5s.l919
Penu.EE.-P.C.&S.L.-l3t,c.,7s.l900
1937
102
lstg., 5s (int. gtdi
1912
100
Cons. g. 6s (int. gtd)
1921
62% 63%
Gen. g; 48. (int. gtd)
int.
gtd.1897
Dcbent. 6s. prin. &
80
Debent. 4s, prin. & int. gtd.1897
102
Illinois Central— 1st, g., 48 ...1951
Ist, gold, 3%s
1951 * 90
Springf. Div.- Coup., 6S....1898 108^
1921 112%
Middle Div.— Reg., 5s
C. St, L. & N. O.-Ten. 1., 78.1897 •108
—
8.1905
Mac—
84
i'rt" Lou.N.Alb.&Ch.— Gen.m.g.58.1940
119% Lou. N. O. & Tex.— Ist, 4a. ...1934
2d mort., 58
1934
115
Manhattan Ry.— Cons. 4s
1990
Memphis & Cliarl. 6s, gold. .1924 *101
1st con. Tcnn lien, 7s
IHI5
2d, gold. 4I2S
1937
can. I. St. L.& Chic— l8t,g.,4s.l936
can. Jack. <fe
1st, g., 58.1936
Clev. Ak. & Col.-Eq. & 2d 6s. 1930
O.O.C. & St. L., Cairo div.— 4s, 1939
St.Lou.Div— Istcol.ts't49,g.l940
100
85
89
26
103
6s
—
Pens.
& S. C-lst, 6s
& W. Ind.— Ist, s. f.,
Ham. & D.— Con. s. f.,
g.
N.Haven&Derby, Con3.58..191P
Hous. &T. C— Waco & N. 78..190S 112%
S. f.,e.s.—8.
1919
69.1919
General mortgage, 6s...
1932
Cln
90%
78
100 14
Div., 2d 6s
&Fla.— Ist,
1951
1951
Dub. &8.
2dDiv., 7S...1894
Ced. Falls & Minn.— 1st, 78.. 1907
Ind. D. & Spr.- 1st 78, ex. cp.l906
Ind. Dec. & West.- M. 5s
1947
1948
2d M.. inc. 58, trnstrec
Inter. & Gt. Nor.—Coup. 6s... 1909
Kanawha & Mich.— Mort. 48.1990
Kan. C.Wyan.&N.W.— 1st, 58.1938
L. Sh. & M. 80.— C. P.&A.— 78.1892
Buff. & Er.— New bonds, 78.1898
1906
Det. M. & T.- 1 St, 7s
Lake Shore— Div. bonds, 7s. 1899
RR.-lst,
53.1934
Mahon'g Coal
Kal. All. & G. R.— 1st gu. 5S.1938
LehighV.,N.Y.— 1st gu.g.4%s.l940
96% I .itchf Car.A West,— Ist 68. g. 1916
Long Island— 1st, 7s
1898
N.Y. &R'wayB.— I8t,g.5s.l927
1927
2dmortg., ine
125%
Smithtown&Pt.Jeff.— lst,7s 1901
Louis.Evans.«&St. L.— Con.5s.l93»
Louis. ifeNa.sh.— Cecil. Br, 78.1907
130
Pensacola Division, 6s
1920
St. Louis Division, Ist, 6s.. .1921
106
1980
2d, 38
76' Nashv. & Decatur-] st, 78. .1900
51
Paul
St.
Ohlc.
Ga. Bo.
Bid.
consoi. 7s. ..1911 »
Spriug.Dlv.- Ist 7s
1 905
Ohio& Miss— 2d
.
1921
L. S. 1st, 68. ...1901
1931
1927
Grand Rap. & Ind.— Gen. 58.. 1924
Green B. W. & St, P.— 1st 6s.. 1911
2d income, all subs, paid
1937
Honsatonic— Cons, gold 5s
ft'est.
99
SECURITIES.
Ask.
Bid.
&Pen.— Lstg. 5s.. ..1918
& R. G.— l9t g., 5s. .1928
Q^al. Har. ASan Ant.— 1st, 6s. 1910
Gal. H. &.''. A.— 2d mort., 7s.. 1905
Pla. Cen.
Ft. Worth
Land prant, 58, g
West. PacilJc— Bonds, 69. ...1899
Ko. Eailway (Cal.)— 1st, 6s. 1907
SO.year 5a
193s
Ches. & O.— Pur. M. fund, 63.1898 * 109>s 110
116
1908
69, gold, series A
78
Ches. 0. & 80. West.— 2d, 6s. .1911
Chicago & Alton— Ist, 7s
1893 ids is
119%
Sinking fund, 68
1903
Louis. & Mo. Elver— Ist, 7s.l900 116>4
2d, 7s
1900
Bt. L. Jacks. & Chic— lst,78.1894 IO512
Ist, guar. (564), 78
1894 10512
Miss.R. Bridge— 1st, 9. f ., 68.1912 104
Ohic. Buri. & Nor.—Deb. 6s. ..1896
Ohtc. Biiriing. & Q.— 58, s. f..l901
1021s
jtowa Div.— Sink, fund, 5s. .1919 102
89
88
Sinking fund, 4s
1919
Plain, 4s
1921
801s
96
Ohlc. & Indiana Coal— Ist 58.1936
119 Is
Ohl. Mil. & St.P.- l9t,88,P.D.lS98
2d, 7 3-lOs, P. D
1898 116
Ist, 7e, $ g., E. D
1902 I2II2 122%
112
Ist, I,a Crosse Division, 78.1893 111
Ist.I. & M.,79
1897 '112 H4is
let, I. £ D., 78
1899 lis 11913
l8t,C. &M.,7s
1903 1231s 124%
iBt, I. & D. Extension, 78. ..1908 124
126
Ist, La C. &Dav., 58
1919 lOlis
Ist, H. & D.,78
1910 119 120
lBt,H.& D.,58
1910 * 9612
CWcago & Paciflc Div., 68. .1910 113ii
Mineral Point Div. 5s
1910
C. &L. Sup. Div., 5s
1921
Fargo & South., 6s, Assu...l924 •110
Inc. conv. sink, fund, 5s
1916
O ilc.&N. W.— 30 year deb. 5s,
SECURITIES.
Ask
Bid.
Osntral Pacific— Gold bds, 68, 1895 *109
1896|*110^
Gold bonds, 68
19.
IfllHCellaueoilli Boildn.
Amer. Cot. Oil Deb., g., 88.. .1900
Amer. Water Works- 1st 6s.. 1907
*100
110%
105
105%
107
100
106%
937g
94
94%
108
1907
l8t cons. Ss, g
Oahaba Coal Min.— 1st
.1907
g. 7s.
lOS
CliicJun.LliS.Yds.- Col.t.g,58,1915
112
95%
1919
Colorado Fuel— Gen. 6s
"9678
Col. & Hoek. Coal&L— 6a,g..l917
106
Cousol'n Coal— Convert. 6s... 1897
JConsumers Gas Co., Chicago — 1st
1936
guar. Ss
Edison Elec 111. Co.— 1st, Ss.lUlO
98%
971*
Equitable G. & F.— Ist 6s
1905
Henderson Bridge lstg. 63.1931 106
Iron Steamboat Co. 6s
1901
'Met. Tel. &Tel.— lst,s.f.g.5s .1918
Nation'! Starch Mfg.— Ist. 6s,1920
N.y. & Perry C & I.— 1st, g. 6s,1920
90
Northwestern Telegraph— 7 o, 1904 103%
People's Gas & Coke (1st g.6«, 1 904
Co. Chicago
100
$ 2d g. 6s, 1 904
1919 100
Peoria Water Co.— 6s. g
Proctor & Gamble— 1st, g. 63 1 910 100
West. Union Tel.— 73... 1875-19(X; 107%
—
—
,
,
.
Unlisted Bondti.
80% Ala.&Vicks.-Consol.5g.,1921.A&0
99% 2d M., income till '94. 1921. .A&O
90
70
96
Atlanta & Charl.— lst78,1907.J&J 120
Coiustock Tun.— Inc4B, 1919.M&N
30
GeorgiaPac— Ist 6s, 1922....JAJ 106
CouBOl. 5 g., 1923
A40 65
Income 5s
17
LittleE.&Mem.- l8t5g,1937.M&S
Mem.&Chari.- Con8.7 g.,1915.J&J 110
Vlcks. &Merid.,lst6s,1921.A&0
95
80
100
122
36
106 >•
67
19
69
115
JCNK
18, 1891.1
THE CHRONl
ABBTBACT rROM HEPOHTB Of THE NATtONA I. BANKH^MAUK
IROl
Maine
r
«
S»
"
N. Haiiipdhlre.
Verinout
BoHtoi)
other ..
Khtxht iHland.
Couuectlcut. ..
Total Dlv.No.l
Muni'.,
Ij
I
York aty
iNew
Brooklyn
3 Albaiiv
2 N. York, other
2 New Jersey...
B PbilndelplUa..
2 PlttBlmrit
• Peuua., other
Total Dlv.No.2
Delaware
i BaUliuore ....
^
3 Mary laud, oth.
9 WaalilnKton
.
gDlst.
.
Col., oth.
VUxiiila
West Virginia.
^
T
ToUlDlv.No.3
fNortli Carolina
8outh Carolina
OeorKta.„
Florida..:....
fl
Alabama
g
Mlsslsaippl
....
SNew Orfeana..
Louisiana, oth.
g Texaa
S
Arkansas
Louisrille ....
I
Kentucky, oth
Tennessee
I
lTotalDiF.No.4
i
.
f Canclnnatl
4 Cleveland
a
^
"•
E
....
Ohio, other
...
Indiana
Chicago
8
Illinois, other.
Detroit
MichlK'n.other
^
Wlscou8in,oth.
•
• Milwaukee
L Total Div.No.5
Iowa
Paul
Minneapolis. ,
Minnesota, oth
St. Louis..
St. Joseph.
St.
t
4
Z Kansas City...
f Missouri,
oth'r
J Kansas
P Omaha..
Nebraska, oih.
North Dakota.
South Dakota
I
I Total Dlv.No.6
I
I
f
Nevada
5 San Franciseo.
S California,oth.
S Oregon
J
Washington...
I Total Dlv.No.7
f
(J
Arizona
Colorado
• Idaho
5 Montana .'"II
P NewMejcice..
jOklah'a<.
a Utah
6 Wyoming
I Total OlT.No.S
Total for U. 8.
Totals for
Rkhekve
CiTieg, Ac.
Rftource*.
Loans
Bda fordrc
Otb.U. S.b<l>
Btks, bds.Ac.
Daa fr.banks
BeAl eetate.
G. coin A otfa
BlI.coicActfs
L. tend notes
dep
Nat.bk notes
U.S.ctfs.
d'r'gB.exch
Otlierres'ceB
Totals.
lAaUllUet.
Capiui stock
Bnrplas fund
0nd). profits
CIroalatiop..
Dne to dep'rs
One to banks
Other llab's..
Totals..
..
7
89o
LJfc.
Tf) TltlC
COMPTBOLLEB MAY
«,
lOl.
THR CHRONICLK.
896
[Vol. LII.
Latest
%nvizstmznX
Roads.
Earnings
WeeUor Mo
AND
Reporleft.
1891.
1890,
Jan.l
to
Latest Date.
189L
1890
674,717
607,543
203.970
6.679
Gt. North. {Con)
15ailr0ad
:
*
RR
April
Geo. So. &Fla.. April
Georget'n&Wii Febiuary.
ueor»^a
Itttjelligjeuce.
Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Stocks and Bonds of RailToads, and other Companies, with remarks and statistics con'Ceming the income, financial status, etc., of each Company.
It is published on the last Saturday of every other month
viz., January, March, May, July, September and November,
and is furnished unthout extra charge to all regular sub$eribers of the Chronicle. Extra copies are sold to subecinbers of the Chronicle at 50 cents each, and to others xt
$1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are published on the third
Saturday of each month.
Tlie
—
Gr.Kap. &Ind.. Ithwk May
Cln.R.&Ft, W. 4thwkMay
Other lines. .. 4thwk May
Total
all lines.
Grand Trunk. ..
Chlo AGr.Tr.
Oet.Gr.H & M.
Great North'n St. P. M. & M.
East, of Minn.
Montana Cent.
Tot. system.
4th wk May
Wk June
Wk Mavao
Wk MaySO
May
May
May
May
May
..1.
Hutch, c'sSouth'n April
Illinois Centr'la. April
&Gt.North'n
In.
May
May
Iowa Central... Ithwk May
Iron Railway...
Jack'v.South't'n
May
IthwkMay
KanawLa&Micb 4thwk May
Kan. C, Cl. & 8p 4thwkMay
K.O.F.8. & Mem, 4thwkMay
K.C.Mem. & Bir. IthwkMay
Keokuk & West ithwk May
J'k'nv.T.&K.W. April
RAILROAD EARNINGS.
Latest Earnings Reported.
WeekorMo
ROADB.
Alabama Mldl'a. March.
AllegUeny Vai.. April.
Ateli.T.&8. Pe.. 4th wk May
Half owned ... ithwkMay
4thwkMay
4th wk May
Half owned.. IthwkMay
Tot.S.L.&S.P. 4th wk May
Aep. total
4thwk May
Total Rvstein.
BtL.&SanF..
1891,
$
46,000
195,723
897,232
48,435
945,607
183,386
47,637
231.023
1890.
to
Latest Date.
1891.
«
145 ,376
1890.
I
212,187
767, ,205
757,719
889.729 12,20O ,434 11 ,999,409
49.921
676 .316
678,408
939,650 12,876, ,750 12,,677,875
178,1(10 2.512 ,0.50 2,,406,427
49,183
662, ,213
6<!5,306
227,282 3,174 ,263 3,.071,733
!
.
.
1
All.
& 80
Erie& West..
LehlKh& Hud..
L. Rock & Mem
Long Island
April
IstwkJ'ne
May
— May
4thwk May
[
j
Louisv.tfcNashv. IstwkJ'ne
Louis.N. A&Ch. 4th wk May
!
.
Erie
L.
L.
Louis.* Mo.Kiv. March.
Louia.Ev.&St.L. IstwkJ'ne
1,176,690 1,166,932 16,051 ,013 15,,749,008
Atlanta & Cliar February
lo5.it32
154,068
327 ,167|
329,004
Atlanta (feFlor'a May
5,634
42 ,441
7,186
43,662
Atlanta &W.Pt. May
28,924
28.213
189 ,523
187,471
B.&0.£ast Lines April
1,446,378 1,500,727 5,612 ,044' 5,,805,192
Western Lines April.
44.=>,7] 1
493,755 1,737 ,4311 1,,826,071
Total
April
1,892.089 1,994,482 7,349 ,475 7,,632.163
BaL&O.Soutliw. Istwk J'ne
49.041
9ti4 ,699,
45.591
967,108
Bait. APoUimac April
146,9.">4
143,722
541 ,344
531,820
Bir, & Atlantic. April
4,321
18, ,724
6.385
20,012
Bir.Sh.&Tenn.R March
12,337
16,386
42 ,097
49,090
Bishopsville
February.
2.023
1,366
4 .571
3,035
Blackv. Als.&N. P'ebruary.
4.442
3.413
8, ,519
7.536
Bufl.Roch.iPlll Istwk J'ne
57,313
46,318 1,138 ,640
823,516
Bur. C.Rap.&N. Ithwk May
81,135
83,092 1,339 ,251
,197,586
Camden & Atl. April
51,520
51.314
172, ,898
168.244
Canada Atlantic February.
52,688
52,294
96 ,873
100,J61
Canadian Paclttc Istwk J'ne 372,000 318,000 7,787, 063
,249, 1 73
Cp.F'r&Yad.Val Istwk J'ne
9.003
7.787
256, 139
221,771
Car.Cum.G&Cli. February.
3,889
2.566
7, 507
5,003
Cen.KR.&Be.Co April
626,023 552,502 2,923, 954
,781,162
Central of N. J
April
1,054,950 1,079,709 4,106 .775
,701,992
Central PaciUc April
1,340,293 1,301,014 4,794, ,084
,144.213
Central of 8.C.. February.
9,966
13„556
21, 261
25.510
Char.Cln. AChic February.
14,197
11,903
27, 112
20,266
Charlest'n&Sav April
69,393
57,138
308, 279
271,507
Char.Sum.&No. February.
10,843
6.2 1:
21, ,380
10,703
Chatt'n'gaUni'u May
9,000
10.904
39, 504
43,394
Oheraw. ADarl. March
9.8H2
8.769
34, 0:i0
28.080
Cheraw.&Saliab February.
3,465
2.852
6, 618
5.393
Chee. cfe Ohio ..
IstwkJ'ne 145,958 139.855 3,479, 611
,112,701
Clies.O. & S. W. May
165,596 156,773
899, 066
778,400
Cues. & Lenoir February.
6,317
6.626
13, 192
12,787
Chlo. Burl. & Q. April
2,484.668 2,742,084 9.541, 681
,209,650
ChlcA East. 111. IstwkJ'ne
72.000
57,300 1,496, 419
,270.283
Chicago &Erie. April
208,787 258,895
810, 411
930,975
Ohic.Mll.&St.P. IstwkJ'ne 514,716 480,650 10,074, 906
,145,181
Ohlc. AN'thw'n. April
2.023.432 2,208,92
7,653, 759
,729,038
Ohic.Peo.&St.L. February.
53.668
30,273
99, 632
02.117
Chic. Rock 1.& P. May
1,281,798 1,465,011 6,231, 273
,828,N00
Ohic.8t.P.&K.(j. ithwk May
118.343
121,3,57 1.619, 354
,7^6,499
Ohio.St.P.M.&O. April
570.650 538,075 2,004, 043
,007,773
Ohlo.&W. Mlcli. IstwkJ'ne
29,997
30,(i60
677, 074
639,768
Cin. Day.&Iron. ApriL
48.067
42,108
Cln.Ga. &Port.s. May
5.620
5,061
24,060
22,424
Cln. Jack & Mac. IstwkJ'ne
12.026
12,885
300,803
200,215
Cln.N. O. &T.P. 4thwkMay 123,8'Jl
143,815 1,707,997 1,752,763
Ala. Gt. South. 4thwkMav
53,233
59,229
703,108
782,773
K. Orl. & N. E. 4thwkMay
31,133
73.676
455.466
530,7:;7
Ala. & Vicksb. 4thwk May
15.789
31,84'
217.998
279,486
Vlcks. 8h. & P. 4thwkMay
10,531
1 6,508
242,309
232,323
ErlanKer Syst. 4thwkMay 240,527 328,075 3,416,898
3,578,072
.
Olnn. Northw'u. May
1,728
1,735
8.209
7.773
Oln.Wab.&Mich. May
57,300
50,352
219,745
229.195
Olev.Akron&Col 4thwkMay
2'J,573
25.026
351,595
320,515
Olev. & Canton.. April
54.506
41.935
470,421
147,241
OLCin.Ch.&H.L 4thwk May 332,238 378,723 5,193.612
5,149,960
Peo. & Easfn. 4thwkMay
35,543
38,337
595,397
013,025
Olev. & Marietta May
28,218
29,627
143,327
114,322
Color. Midland. ithwk May
61,097
62,052
821,482
744,408
Col. H. V. & Tol. May
229,481 258,902 1,096,397 1.005,058
Col.Bhawnee&H May
43,702
21,418
187,515
98,317
ColuHa & Lake.. April
1,972
1,678
Covin. & Macon. April
10,253
8,146
46,546
46,368
Denv. ARioGr. IstwkJ'ne 152.500 171. .500
3,222,355 [3,263,090
Des Moin. & No. May
11.844
11.447
45,977
39,012
I>es M. iV N'wpst May
16,971
17,603
60,407
80,758
DetBay C.&Alp May
39,700
3 ,682
198,823
227,079
PeULaus'^dirso IstwkJ'ne
20,765
21,5(18
482. IJO
481,280
DulutbS.S.&Atl 4thwkAi)r.
38,055
59.728
480,496
497,631
East Louisiana. February.
6,600
6,460
17,100
16,198
E.Tenn.Va.<feGa. March
524,613 534,459 1,670,177 1,001.586
Knoxv. (SiOhio March
63.272
49,501
189,647
149,639
Total Rvatem 2d wk Apr.
125,299 126,018 2,106.703 2,059,534
Elgin Jol.<&£a8t Vpril
52,763
49,957
206.935
184,281
Eliz.Lei.ifcJs.o..
K^prll
55,331
63,679
217,509
239,989
Evaus.&Inrt'pli
stwkJ'ne
5.773
4,849
133,255
112,848
Evansv. 4 T. H IstwkJ'ne
20,557
18,028
461.375
412,074
ntohburg
Vpril
538.055 562,915 2,164,2U3 2,110,200
FUnt.&P.Mara. Ithwk May
63.436
79.901 1,239,010 1,276,010
Florence
February
6.436
4,584
12,541
10.005
Flor. Cent.* p. 4th wk May
26.500
27,612
61.!,2«2
517,104
Ft.W. &EloGr.i May
14,591
13,071
85,126
48,559
-««. Oar-la at Mo. February..
11,579
5.290
22,899
10.701
.
•
Jan. 1
Louisv.N.O. &T. Istwk.l'ne
Lou.St.L.ifeTex. IstwkJ'ne
Lynchb.&Our'm May
Memphis liChas 2d wk Apr.
IMexlcanCent... IstwkJ'ne
|Mex. National 4th wk May
.
tMexican K'wa.v
Mil.L.Sh.&WesI
Milwaukee &Nu
Mineral Range..
Mlnneap. &St.l..
M.St.P. &8.S.M.
Mo. Kan. & Tex.
Kan. C. &. Pac.
ToLil Syst'm
Mobile i&Birm..
Mobile* Ohio..
Wk
May3i)
IstwkJ'ne
IstwkJ'ne
May
May
May
IthwkMay
ithwk May
IthwkMay
IthwkMay
May
Orl.
C*
&
Gull
281.509
24,414
2,750
27.207
75,470
7.375
5.969
90,230
23,050
9,117
6,495
49,353
41.309
13,120
352,706
31,085
29,375
333,725
72,050
52,289
7,724
18.030
33.548
118,708
114,417
87,000
78,827
12,998
94,534
139,258
195,133
8.064
203.797
May
N.Jersey &N.Y. April
New
758,838
60.628
90,932
910,398
3,302
129,857
14,049
2,200
2-i,4(l0
Monterey&M.G .May
Nash.Ch.i»St.L.
777,830
1,024.798
2,45
115,525
10,500
4,987
1,358,003 1,235,973
35,18^
37.793
Humest'n&Sheu May
iQd.Dec.c&Quin.
116.828
50.974
3,258
69,593
12,470
6,828
88,891
368,157
68.019
17,618
114,361
132.557
& Chicago.
Housatoiiic
March.
Gulf
138,778
61,111
3.323
53,701
9,472
5,886
69.059
334,100
58.045
19,025
445,646
429,873
3,494 ,003
3,134,361
198,365
378.149
3,710.875
18,396
315 .109
511, ,276
4,320,i,389
14,
676
322, 957
64, 936
22,,810
5,726,,818
170, 601
8,558
10,112
136,005
26,707
8,030
5,534
59.609
33.078
126,,702
8,411
329,284
37,500
23,500
350,670
74,100
42,269
8,932
9,593
38,307
103.907
100,837
68,901
88,670
27,811
11,040
105.268
166.319
218.793
8,059
226,852
4,924
298.792
32.407
298.050
20,740
13,989
•
1,002,490
176.2171
183.381
89,586i
90,075
1,175.798 1,275.946
7,859.779! 8,277,532
1.557.910 1,584,406
1,395 .448
6o7,,950
5,''.60
15.938
7.353
909,964
283,312
41,793
3,118
18,120
54,106
276,278
72,175
305.378
23.8.57
May
May
2.53.406
15,
890
405 ,318
348 .'^23
124 ,>'69
1,876; 210
475 ,46
154, 966
331,811
60,615
11,843
5,163,719
175,251
1,457.996
635,833
10.638
267,609
275,705
115.386
163,363
1,990,982
507,701
139.584
20,504
1,258.209
130,051
161, 436
214,832
271, 755
1,352, 300 1,236,738
89, 369
104,912
4 85.485
637. 208
7,991 ,718 7,998,243
950,197
1,040, 371
1,535 ,713 1,120,576
157.935
177 542
30,364
71 530
526.518
491 .418
2,955 461 2.867,015
1,746, .503 1,598.654
1,667,231
1,813 .20
1,278,,260 1.463,957
613,072
664 724
43,992
SO,9'.!7
551,076
573 .105
812,652
770, ,700
3,202 ,260 3,117,491
1I3,0:»1
130 ,817
3,333 ,078 3.231,186
97,152
107,,467
1,401 181 1,337.238
126.069
365 768
1,561, ,946 1,434,277
73,896
80 986
63.863
72, 406
23 265
1,25 ,936
H.R.rf
N. Y,
3,474,437 3,128,094 15,803, ,626 14,724.853
W April
N. Y. L. E.
2,234,032 2,315,757 8,751, 9.^4 8,800,517
N. Y, Pa. & Ohio April
516,619 597,882 2,050, 132 2,312.003
N. Y.&N.Eug.. April
494,927 481,852 1,840, 697 1,767,531
221.021
188, 027
N. Y.& North'n. May
48,216
50,412
879,035
W.. IstwkJ'ne
N. Y.Ont.
55,159
43,430 1,159, 969
415,236
451, ,858
N.Y. 8U8q.& \V.. April
126,933 122,095
Norfolk&West.fc IstwkJ'ne 1411,807
150,513 3,674, 026 3,391,203
152,313
163, 60'
N'theast'n (S.C.I February..
76,796
70,594
North'n Central. April
542,979 550,940 2,049,,426 2,169,120
Northern Pacitli IstwkJ'ne 439,290 438.125 9.229,,701 8,462.8.57
Ohio At Miss
84,153 1,701,,650 1,738,648
80.964
IstwkJ'ne
£0,494
OhioANorthw.. May
84,,943
18,751
20,422
3,502
745
4,,755
Col. & Maysv. May
1,073
234,741
,(J13
244,
14,050
Ohio River
14,900
IthwkMay
210,794
229,,6'.!4
38,712
Ohio Southern.. May
29,931
83.357
115,,077
6,031
Olio Val. of Ky. ithwk May
5.829
199,473
140,,130
St. 1... April
42,378
38,127
953,870
919,
,988
Imp.
Co,
368.311
Oregon
.March
308.250
Pennsylvania .. April
5,379,003 5,619,357 20,649,,504 21 ,083,474
312.727
14,3.=,3
300,,840
PeonaDec.*Ev. IstwkJ'ne
14,107
188.454
191,,'i78
Petersburg
51,005
.ipril
52.994
,484,839
,061
Brie...
1,370,
Phila. *
April
380,533 47?,047
,066.105
1.610,320 1,070,990 6.344.,733
Phila. & Read'g April
,700,526
Coal * Iron Co. April
1,305,696 1,395.577 5,'250,,000
,706.630
Total both Cos. April
2,916,023 3,072,573 11,594,,801
14,909
,951
16,
3,234
2.858
Pitts. Mar. *Cli. May
77,838
84,,101
19,716
Pitt.Sheu.&L.E. April
22,017
453.972
,752
424,
Pittsb. * West'n April
108.509 121,317
154.620
121,008
Pitls,Clev.*T. April
41,261
28.938
75,813
71,,4341
23.193
12,326
Pitts. Pain.&F. April
92.i,052
359,,191
44,326
Total system IstwkJ'ne
45,639
430,998
,133
230,
Pitt.Youug,*A. April
70,851 129,627
130.744
155..768
19,9281
Pt.Ruyal* Aug. April
20,693
148.961
166,.4181
24,543
Pt.Koy.*W.u..r. April
31.652
94,407
102..2311
19,025
QuincyO.iK.C. May
20,406
348,900
loo
Rich.*Dauvillo. May
480.950 440.700 2,502.
863,600
902,.350
185,050 185.900
Vir. Midland.. May
386,190
409,.950
62,530
Ohar.Col.&Au. May
70.800
307.738
379,.l7o
51.500
Greeuv. May
57,070
Col,
&
&
Omaha*
*
West. No. Car. May
May
Georgia Pac
WaRh.O.& W.. May
Ashv. *Spart. May
Total Sys'm. 'ithwk May
89,200
146,620
13.160
12.050
247,400
30,437
22,823
39,000
288.191
.
Rich.
&
Petcrsli. April
Bio Gi'de South. May
IstwkJ'ne
Bio Gr. West.
Eouie VV. * Og(t. May
Sag.Tuscola.v^ll.
8t.L.A.&i'.II.li's
May
itbwkMay
7,9.38
32,010
60,011
170,041
St.L.Southw'rn. IstwkJ'ne
St.
PauUvllul'tli
May
May
S.Ant.AAr.Pass. 3 wKs
8.
120,282:
Fran.&N.Pac. ithwkMay.
Sav. Am. * Mou. May
SeattloL, S. & E. ithwk May,
Bilverton
April
I
Sioux City&No. March
Suuih Carolina May.
.
.
So. Pacillc Co.—
Gal.llai-.*8.A. April.
Louis'a WeRt
Ajiril.
Morgau'8L*T. April..
N.Y.T.&Mex. April.
.
28.424
36,000
10.150
4,2711
37,263;
99,700
312,699|
66,903
321,495!
I4,78l1
421,.4.50
82,400
772,.070
126,300
53, 110
12,400
61,,078
11,370
234.985 5,498, 900
110,794
29,783
395,391
732,475
48,798
53,627
196,72'2
113,141
74, 936
26,550
307,456
7,487
33,249
57,650
120,040
104.709
27,043
25.008
13,158
6,390
10,715
92,899
957, 716
644,574
1,529, 716
36, 891
,551,642
32,904
550. 303
1,622, 155
,518,205
579. 304
763
281 043
194. 747
144 ,7.'i5
15, 059
103 0. 8
590,
484,860
509,267
565,873
251,094
114,390
146.009
12,542
720,',708
6ii',588
301.004' 1,334,901
1,273,644
348,293
1,679,723
51,549
86,504
434,023
16,161'
292,694
1,855,460
48,496
Jdnb
18,
THE CHItONlCLR
isn.]
Late»t Samiitgt Ketnrted,
R lAUR.
WtekorUo
Bo.Pae..Co.{('on\
Tex. A N. orl. April.
Atlantic Hj-a.c.
Psolflo «v»t«ui
ToUUiriill..
80. Poo. Kit—
Ko. I>lv. (Cal.)
80. DIv. (Cil.)
1801
«
2,
3,
ACn..
A
Tol. P.
T.il.Kt.
I..
lOfi.293
5iM,tl79
182,376
540,299
1I<(I.4(I3
I81,H6.J
•
589.05N
S,IM2.2*)><
871.3691
881.032
2,016.036; 1,981,205
640,738,
660,729
73.5H2
4O5.S0H
28y.H.)0
186,3r.M
II '^.'>7'.l
li'.5.74J
15,871
106,SJ5
!:!.'.H1
61.323
25H.237
260,!H7
519,152
61,186
10(i,!tlH
2,728,4.17
2,t39,2!l6
:t.470
17.008
16,635
416.Hi4
135.210
565,125
365, J71
692.638
93,19.>
ithwkMay
2^,(^^()
21.'
&K.C. Istwk J'ue
31,570
51.4'
43
30,330
461.(li;3
121,871
555,043
37 1,7 I !t
602,228
2,207;
1.904
5.762
,5.381
21,600
23,786
60,978
88,095
704,201
335,229
147.272
029, 105:
433, ,75 1
SI.Jo.AHMIsl. .March
Uii.Pac.O.AG. *pril
38S, 079
AUotli. lilies.. Mareli
Tot.U.P.eys. April
6.13,
518
,238,
R67 3 347,729
04, 4i)3
404.74»;
1,
974,631
2.084,523
,66.5,840
1,00-',V78
167.143
375,030
1,,.537,.50t
4,,512.297
4.91 1,922
12,
,
132.721
53, nil
1,601.569
23.736 12.061,472
116.3:11
337.243
I
,031.2110
8,><'i3,l)s6
33S
73,737
256.35 1
lSy.63S
549
3.073
6.411
7,'<57
3.1K1
3, 387
9,188
8,753
39.095
42, 637
130,126
103,123
32i, 810 3 .681,207 12 ,49.».lil6 12,63-1,316
lKy.033,
235, 890
498,924
438.017
14, 410
15.192
52,0 -15
35.329
1,
Februiiry
213,980' 6 ,218,417
221, ,H]1
H, ,2(Mi!
5,3l!5
l.=i,699
30 ,013l
lOf* .506
24,870
103. S81
95 ,018
72.091
96,803
385,469
357,441
24,774
,721'
6,615;
34 377,
36,231
68,900
24,033
99,380
'>,
61, ,600
27, .977
98 ,883|
95 ,9311
,6351
.
IstwkJ'ne
April
98,4.59
6,373
Iowa llne.^.
Valley Division, and MarylanJ
Inolii iiag
&
1
2 27,765
,424,811
520,735
206.005
,006,013
3 .'.383
5,317,177
14,209
91.161
370,068
26!M!I5
18,531
218,878
l,46d,634
474,533
207,lil3
l,99'i.836
29.«07
6 EncliKles in both
Wasliinzton Division
(Shi-uaniloah Valley.l
c Includes earnings from ferries, utc. not
given si-pariteiv.
Mexican currency.
d Includes Rome
Wat. A Ogd. since March 15, In 1891.
1
For the 1st week of June we have had returns thus far from
37 roads, and these show 3'19 per cent; gaia in tlie aggregate.
week of June.
PitlS
CaiH- Fear A Yadkin Vai.
Chesapeake A Ohio
Ohlca'jo ,V Kast. filinois
Ohlcairo Mil. A St. Paul..
Chicairo AWest .Michigan
Cincinnati Jack. A M.aclt.
Denver oc Rio lirande...
Ditroit Lans.ANorth....
Bvausvilte A Indi.anap...
.
Evans. A Torre Haute...
Uraud rrunkof Cauafla.
Lake Kric A Western
Louisv. Kvansv. A 8t. L.
Louis V die A Nashville...
lyiuisville N. 0. A Texas.
Lou IS vil le St L. A Texas
A
West.
Miiwa'ikee aiNonhern..
^ew York Ont. A West.
Horfolk
A Western
OhloAMi^RisslppI
Pe >ria Dec itur.frKvansv.
Pittsburg A Western
Rio (4i a 111.' Woter.i
Bt. Uiuis 8ouf western
.
Tex.Ls
A
Ineream.
1891.
1890.
49,041
37,313
372,000
9.003
145.958
45.591
46,318
318,000
7.787
139,s55
57.200
S
$
A Ohio Southw
Mli-vaiikee l,.8h.
Picihi
Toledo A Oliio Central..
To.edo St. L. A Kau.Uity.
.
VTabash
We<tetu N. Y. A Penn..
Wueciiiig J, Utke ICrie...
Wisconsin Central
'72.000
514,716
29.997
1J,02(>
152.500
20.765
5,773
20.557
334,100
49.353
29.375
333,725
52,289
7,724
118,708
78,827
28,406
55,159
149,807
439,296
80,964
14,353
4.5.639
39,000
60,011
106,825
23,585
31,570
221,811
64,600
27,977
95.931
3,952,884
Total i37 ro»<1a>
4S0.6.iO
30.060
12,8-5
171,500
21,508
4,849
18.028
23.500
356.670
42,269
8,932
103,967
88,670
27,811
43,430
150,513
438,125
84,153
14,107
44,326
26.350
57,656
106,908
32,0 J2
30,350
213.980
68.900
24,033
98,959
3,867,838
...
Decrease
'
«
,v
.V
27.1'
44.054
'u6
rirrtmm.
8.014
83t(,07B
28,0-^
878,723
8H337
63,053
17,618
1,407
20.2:11
I
<
li.
A FLW..
OthiTllnes
Jncksonvllle SnuUieuat..
Ksoawbn A Michigan
Kaosan City
ci.
Kan. City Ft. 8
A 8pr.
A Mem..
.
.
Kanssa C, Horn. A BIrm
Keokuk A Western
Little Rook A Memphis..
Mexican Uallwav
M". Kan.sas A Texas
Kansas City ic Paclltc.
Mobile A Blrnilnghaiu ...
Ohio Val of Kcntuckv. ..
Rich. A Daiiv. |M roa<ls).
Kio Grande WcKlcru
8t L. Alt.AT. H. Krcbea.
Seattle L.
-No.
Pac
A Kastom.
8.
Toledo Peoria
Western N. Y.
A
A
iVostern
Pcnu..
6.8'28
18.120
5,9t;9
10,112
90,-i.'<0
136,1)05
23,03«'
•i0,7(l7
13.1-20
Chic
Mexican National
San Fran. A
12.170
5,88al
27,207
7,378
9.117
A
Louis. N. Alb.
63
859
19,000
743
924
2,529
....
34.057
10,256
5,875
22,945
16.026
i,208
14,741
9,843
595
11,729
706
1.171
3,189
246
1.313
12,4.50
2,355
83
6,447
1,220
,7,331
4.300
3,944
3,
201,573
84.846
Total (68 roads)
Met decrease (2 82
72,056
114,417
87 ,000
195.133
8,664
8,600
9.067!
8..558
8,030
8.411
74.100
100,837
68,901
218.793
8.059
4.'t24
.......
1.087
4,7«9j
2,044
'l3^.5Wo
18,0 i9
23,640
'"'oo.'i
736
203
8,829!
6,031
247,400
70,400
32,010
28,424
10,150
21.630
92,800
234,988
57,810
33,249
27.043
13.158
21,643
98t000
'ii'.iisi
8,674.160
8,026,206
855,214
12,860!
1,330
1.8811
'3,'do3
'2,7<>d
02*8
116,727
Our final statement shows a decrease of 2-83 por cent on the
88 roads coutributiug returns to the statement, one of thi'
reasons for the falliug off being the occurrence of an extra
Sunday in the week this year.
p.o.)
table folnet earnings reported this week. A fuU
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of thia kind will be found
in the Chronicle of May 23.
The next will appear in the
issue of June 20.
lowing
sliow.s tlie
OroM
Eur*UH4jB.
1891.
Atcb. T. A 8. Fe....Apr. 2,604,234 2,483,'294
Jan. 1 to Apr. 31)... 9,390,28^4 9,-243,431
July 1 to Apr. 30.. .26,4:0,202 21,215,433
158,.524
B'ds J'tly ow'd ( «) Apr.
150,005
Jan. 1 to Apr. 30...
528,745
524,005
July 1 to Apr. 30.
1,404,137 1,229,662
Total Atch. sys. Apr. 2.654.239 -2.6(1,818
Jan. 1 to Apr. .'10... 9.919.034 9.767,435
July 1 to Apr. 30... ^.861.336 25,475,095
.
.
.
8t. L.
ASanF"ran..Apr.
Jan.
1
July
1
507,850
to Apr. 30.. 1,973,510
to Apr. 30... 5,683,901
R'd8J'tlvow'd(ia).Apr.
146,566
Jan. i to Apr. 30..
517,337
July 1 to Apr. 30... 1,373,641
F.
SyS-.Apr.
654.116
Jan. I to Apr. 30... 2.490.867
July 1 to Apr. 30... 7,057,544
Tot. both Systeins.Apr. 3.308,655
Jan. 1 to Apr. 30... 12. 409,90 1 12,162,.571
11.921. 8Sl 32,033.3.50
Julv 1 to Apr. 30
Central Paclltc
Apr. 1,310,293 1,301,014
Jan. 1 to Apr. 30... 4,794,081 4,144,213
Olevel'd A Canton. .Apr.
41,938
54,506
Jan. 1 to Apr. 30...
176,421
147,241
July 1 to Apr. 30...
511,060
400.370
169,703
Colorado Midland.. Apr.
158,764
644,039
574,144
Jan. 1 to Apr. 30...
July 1 to Apr. 30... 1,624.450 1,382,219
515,-264
Apr.
591,846
Uexieau Central
Jan. 1 to Apr. 30... 2,271,754 2,2(3,211
4** ,632
Apr.
47,499
Ohio Kiver
183,089
178,317
Jan. 1 to Apr. 30...
475,047
Philadelphia A Erie. Apr.
386,533
Jan. 1 to Apr. 30... 1,370.061 1,484,839
108,309
121,317
Pittsburg A Wesfn.Apr.
421,752
453.972
Jan. 1 to Apr. 30...
28,938
41.261
Pitta. Cleve. A Tol Apr.
121,808
184.630
30...
Jan. 1 to Apr.
23,193
12,326
Pitts. Paines. A F.Apr.
71,4:14
75,843
Jan. 1 to Apr. 30...
185.771
149,773
Apr.
Total system
617,794
684.437
30...
Jan. 1 to Apr.
70,297
75,909
8.rnin. &No. Pao..May.
251,004
284,043
Jan. 1 to May 31...
.
July 1 to May 31...
Southern Pacific Co.—
Atlantic system ... Apr.
781,442
9
Prev'lv report'd 35roads>
Atoh. Top. A 8.F. system
Roads J'tly owned "s.
Louis A Ban Fran.
Roads j'tly owned •«.
.
Burl. Ce<iar Kan. \- Nor..
C3«pe Fear A Yadkin Val.
Cblcutio A (jraud Trunk..
5.120.676
897,232
48,435
183,386
47.637
81.135
0,648
58.015
1890.
«
6.176,410
889,729
49,921
178.100
49,182
83,092
9,565
68,019
Inereate.
Deeretue,
S
i
365,929
7,503
821,663
1,486
5,286
1,515
1,957
83
9.974
y^t Baminat.1891.
189a
«
75X,430
2,567,431
7,745,421
1.1(5
der.22,819
det.26,157
759,574
2,541.811
7,719,2)0
46.3,458
194,831
1.8<1.413
739,58
5,379,632 2,477,314
1,56,516
3.197
51 3,693 def. 16,553
1.200,621
def.608
19-t,048
619,975
723,028
2,393,136
e.5>'0,253 2,476.907
3.261,793
957,623
674,397
961,660
87 1,574
Jan. 1 to Apr. 30... 4,043,417 3,942,268
2,388,908
Paolflo system ...Apr. 2,871,753
Jan. 1 to Apr. 30... 10,574,910 9,573,098
Apr. 3,743,327 3,850,808
Total of all
Jan. 1 to Apr. 30... 14,818,327 13,844,111
Union Paciflo—
704.201
629,108
Ol««.8.U AC. N.Apr.
Jan. 1 to Apr. 30... 3,423.019 3.oe4,.5*i3
358,339
433.731
Ore. Hy. 4 N. Co. . Apr.
l,6«8,tHc) 1,007,978
Jan. 1 to Apr. 30.
.
1891.
..
1890,
.
4(A week of May.
607,300
252,040
Net Earnings .Vnntlily to Latest Dates.— The
8.L.&8.
3,450
10,993
51.000
1,216
6,103
14,800
31,006
36-1,157
5.»,609
BTet increase 12-19 P.O.).
Bt.
iHtnat.
8t»,
IstwkJ'ne
1st wk.rne
o Whole system,
,243,019
230, 340 3 ,618.305
Orauil total. April
O.S'kYds.AT.Co February..
Veriuont V'allev April
Wnliasu
Istwk J'no
Wab. Clicst. &\V. March
Wash. Soutlirti'ii. April
Wesi Jersey
April
W.V.Cfii.&Pitts April
West Vir. A Pitts. .March
Western of Ala. .May
WesuN'.Y. A Pa.
WheellnirAL. £.
Wil. Coi. A A g
Wiseousin Cent.
WrlKhtsv. vTeD
•
iU.'.H;
\V>-t..
March
March
Moin;iiiii Uii. March
Leiiv.Top. A 8. March
Man.AL.V Bur. March
Johri.owi.'d.'s March
lli'l]
80,455
,
1I'<,8I»
•
131307
Vorlh.
U
St.
A
105,1113
32.032
Tol. icmflwl
mU
Florida
Oraiid K 1;
Cincinnati
8,55-)
Oeut.i{r.,vi,.l..
Col
Del
(i.097
3.238.
18P0.
Mil...
*
lorn
23.7M7
216,721
25,5S5l
,t
M-.
5,lHfl
nt.
BuBalo Kotli
vOol
a.
l,(tI5
UlKiPiA I)el.... March
Uutou Paoiiu'—
Or. H.I,. A U.N. April
Or.Uy.AN.Co. April
Bait.
Cl^•^
Flint
84,032
UOL
44,4IM
240,527
22,573
833,aaH
35,518
61.097
19.025
.
317.t.7lt
(17.252'
l,8-'5
C
Chloairo A Went Mteh
Cln. N O. AT Pno. (5 roiuUi
341,195
26,176
237,291
Tol.AS().Ha<eu. Mareli
^ It
of May.
P.AKau.
Chl«Mroflt
107,562
11.850
64.127
ItliwkM.ay
1st wk.l'ne
years Scioto
4M vmk
897
isua
1H01,
871,783 2,888.008 10,574,9101 9.573,8118
743.327 3,8&0,&«8 11,618,327 18,544.111
90.U31t
12.1201
May
May
A.N'.W.
V. M
Tol.A Ohio C.
l.alfM IxtU
p.
TjI.A.A.A
Til. Col.
I to
*
«
123,308
480.128
961.060 4,043,417>
I
H71..174
April
April
ArizoDH iitv.. April
New Mex. IMv. April
Bpar. Uii. A (;<)l February.
Stati'U Isl. R. T April
Ht(niT''l,.V(^M(.. April
Biiiiimll llraiicll. April
I,vlii'iiH Viillcv April
Tofl Imlli Co'h April
Tenii. MMIiiurt.. April
THXIi!>.\l PlK'IIIC
1st wk J'ne
Tm.8.Va
1890.
120.061
.
April
April
April
Jan,
3,'267,8
1
«•
717.900
2.876.0M
8,490,810
20.380
73,810
145,400
7(7,340
2,940.875
8,036,290
182,918
771 .2t8
2,537.200
38.638
86.055
167.161
181.547
857.274
2.704,457
938.890
3,X07.149
10,196,172 ll,:i40,739
613,436
443,039
2,066,602
780,870
19,673
14.3.5S
57,636
42.907
183,214
133.078
42,821
80.803
167,142
174,975
804,805
22-2,442
858.631
13.394
84.889
156.867
466,252
28,699
182,110
de(.3,598
def. 1,837
der.7,465
def. 801
17,639
149.481
31.S11
66.485
249.950
435.570
161.871
778.687
18.80O
68.031
191.083
455.073
03.057
108.341
9.607
33.318
0.934
18.563
70,548
247.131
19.133
30.714
193.909
116.563
2.59.465
895.600 1.076.809
I.l26,«f»9
960,765
3,847,515
1,243.372
3,093.000
1,220.330
4,743, J08 3.170,060
238,486
947,973
882.800
0a784
dar.Mf
807.88(1
43 1.093 df. 108 Jii
4O4.740
63.053
115J3t
388.079
Pac. D. A Oulf Apr.
335,407
440^975
Jan. 1 to Apr. '30... 1.537.804 1,801,^69
924.919
1,034.800
3.681.307
Apr 3.325,810
Qrand total
Jan. 1 to Apr. 30.. 1'2,493,196 12.638,316 3,6-27.750 3,191,340
236,742
10«,371
995,138 1,000,316
Apr
W»bub
938.036 1.033.181
3,057,958 4,163,413
Jan. 1 to Apr. 30
July 1 to Apr. 30 ^10,912,320 11,438,009 8.936.003 8.830^000
Uii.
.
268.475
Weat. N. Y. A Penn. Apr
1.077,241
Jan. 1 to Apr. 30.
July 1 to Apr. 30... 3,004.106
307.541
l,l(.>0,4»4
3.039,874
76.303
307,761
935,403
100.408
863.080
813,940
THE UHRONICLE.
898
[Vol. Ln.
Grand Rapids & Indiana Railroad.
ANNUAL REPORTS.
the year ending December 81, 1890.^
This road belongs to the Pennsylvania RR. system. Th«
Chicago Rock Island & Pacific Railway.
report for 1890 is just issued, and states that " the funded
CFor the year ending March 31, 1891.^
debt increased $332,000, being amount of 5 per cent bond*
The annual report in pamphlet form has come to hand issued to company on betterment account. The net floating
since the last Chronicle went to press and the remarks of liabilities, not deducting 5 per cent bonds in treasury, and
President R. R. Cable at length will be found on another page. excluding Mackinaw loan of $275,000, which is provided for,
Comments upon the year's report will also be found in the amounts to $669,823, an increase of $365,406. The total ineditorial columns.
cludes $224,008 borrowed from trustees, of which $150,000 was
The comparative statistics for three years, made up in the for Grand Rapids real estate and $74,008 for the train shed at
usual complete form for the Chronicle, are given below
that point. The increase is due to betterment expenditures
OPERATIONB.
for which the treasury received bonds of these we hold in
1889-00.
1890-91.
1888-89.
the treasury and upon deposit as collateral. $637,000, and there
3,403
3,339
3,257
Miles operated
are due us on the account for 1890 $308,000— in all, $945,000.
Operations—
4,442,167
4,806,886 It is readily seen that had we been able to dispose of them
4,308,640
PassenKcrs carried
195.630.821
208.641,318 there would have been a surplus instead of a floating debt."
184.801.403
Passenger.s mileage
2-277 cts.
2198 cts.
2'274 cts.
Rate per pas'g'r per mile..
In the land department the sales for the vear amounted to
6.025,835
6,000,167
5,578.960
carried
CFor
:
;
rreight (tons)
1,035,998.858 1,157,420.250
Freight (tons) 1 mile •
1-02 cts.
tO'97 cts.
Aver, rate p. ton per mile.
,134,535,356
1-01 cts.
EABNING8 AKD EXPENSES,
1890-91.
$4,358,502
10,918,370
1,296,575
1889-90.
$4,613,822
11,828,794
1,196,445
$4,762,894
11,513,815
1,196.895
$16,573,447
12,086,000
$17,639,061
12,475,067
$17,473,634
12,413,794
1888-89.
Earnings—
Passengers
Freight ..^
Mail, express, rents, &c...
an average of $11-22 per acre. The
unsold lands remaining January 1, 1891, were 339.844 acres.
The amount in sinking fund December 31 was $3,753,780.
Earnings, expenses and charges for four years have been
as follows
EARNINGS AND EXPENSES.
88,690 acres for $316,851,
1887.
Grosseamlngs
Oper. expenses and taxes
BBNet earnings
$5,163,994
$4,487,447
of operating expenses to earnings
Per cent
$5,059,840
•
72'92
•Co.'B freight not included.
t
71-04
70*72
403
$
746,969
Miles operated
Earuiiigs—
Passengers
Freight
1889-90.
$5,163,994
91,350
35,950
1,209,640
'
Total income
JHsbursements
Kent leased roads
Interest on debt
Missouri River bridges
Dividends
Rate per cent
Miscellaneous
m
«
Net earnings
1890-91
$5,0.^)9,840
98,650
Per
*
c.
oper'g ex. to earns.
$6,375,152
$1,784,024
2,625,550
195,580
1,846,223
4
$1,871,744
2,714.9.50
188,538
1,846,232
4
369
$6,621,833
$6,451,382
$49,552
$246,681
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
Total disbursements
Balance, surplus
1889-90.
65,272,805
9,126,144
27,167,030
66,243,919
9.126,123
28,134,397
1,242,176
1,449,538
806,545
1,525,568
67,040,140
9,301,203
28.352,068
1,410.836
933,374
1,422,660
Total assets
Liabilities-
104,257,693
105,836,552
108,460,283
common
46,156,000
47,720,000
46,156,000
49,787,000
8,213,000
1,700,948
467,745
8,213,000
1,163,255
517,297
46,156,000
51,152,000
1,050,000
8,213,000
1,618,668
270,615
104,257,693
105,836,552
108,460,283
buildings, equip., &c...
Materials, fuel,
&c
Cash and cash items
Stock,
Bondeddebt
Certs, of indebtedness
Addition and imp. account.
Accounts payable
Income account
Total liabilities
CFor
the year ending
December
31
Dividends
Bate of dividend
Balance
Surplus Jan.
1
8urplnsDec. 31
Old accounts paid
Balance, surplus
18S8.
1839.
1890.
704,191
766,711
8i 8,945
Total
850,533
701,191
766,711
859,382
715,600
8,646
719,428
47,143
17,138
737,425
54,553
3,168
739,700
58,630
30,760
724,246
784,009
795,146
829,090
437
Rentals and miscellaneous
Total
sur.l26,287def. 79,817 def.28,433 8ur.30,292
Chicago & Western Indiana Railroad.
(For the year ending December 31, 1890.^
The annual report of this company is altogether statistical
without any remarks by the President or other oflicers. The
stock of $5,000,000 is all owned by five railroad companies
which use this road under lease for their entrance into Chicago. The Chicago & Eastern Illinois, the Wabash, the Louisville N. Ala. & Chicago, the Chicago & Erie, the Chicago &
Grand Trunk, each owns $1,000,000 of the stock, which is paying dividends. The Atchison uses the road under lease. The
stock held by the five railroads named is with the following
agreement: "" This stock is held subject to the contract right
of the other stockholders in the company to purchase it or
selling elsewhere."
1899.
1887.
1888.
540,870
5,682
339,161
11,732
407,444
19,533
7 606
355,633
6,051
546,552
375,000
434,643
525,000
.361,687
c.
350^893
375,000
2'3p. c.
31s p.
21a p.
8r.17l.552
df.24"io7
df.90,357
236,381
df.13,313
406,901
319,401
229,046
407,933
1,030
382,794
63,393
229,044
215,733
406,903
319,401
229,041
215,733
2J2 p.
1887.
814,904
5,629
1890.^
of nearly 59 miles to the trackage given in the table at the beginning of this report. Of the $550,000 bonds appropriated as
stated above, $249,000 were issued and sold before the close of
the year, realizing the sum of $339,404, or an average of, say
9«-17 per cent. The total cost of the 55 miles of new track
will be close to $393,500, so that the balance of about $153,000
will appear in the accounts of this company for 1891."
The income account for four years is as follows.
Total net
858,945
66-99
EARNINGS AND EXPENSES
,
The annual report for 1890 is just issued. Under date of
June 3, the report of Mr. C. VanderbUt, President, says:
"During the year the board of directors authorized the issue of
1550,000 second mortgage bonds and appropriated the proceeds
(1) of $150,000 to the re-payment into the treasury of moneys
expended for permanent additions to the property during the
time since the Michigan Central Railroad Company assumed
the operation of the road, and (3) of $400,000 to the construction of 55 miles of second track, which was asked for by the
Michigan Central RaUroad Company, under the terms of the
agreement of December, 1882, the same having become necessary through the growth of freight traffic and the increase in
the number of passenger trains run. The second track referred to was practically completed at the end of the year, and
together with some four miles besides, appears in the addition
Net earnings
Other income
Old accounts
768,713
66-51
DeductInterest on bonds
Interest on floating debt
any part before
Canada Southern Railway.
704,191
68-46
$
Netearningii
Miscellaneous
Balance
1890-91.
844,904
64 23
INCOME ACCOUNT.
Assets—
RR.
Stocks and bonds owned....
Advanced to C. K. & Neb...
Cost of Neb. Extension
428
Includes interest and rentals.
1,216,662
$6,500,934
1888-89.
1890.
408
2,361.901 2,232,788 2,291,166 2,601,978
Total
Oper. expenses and taxes. 1,516,997 1,528,597 1,524,453 1,743,033
Includes lines of Mo. Elver only.
Seeeipts—
1880.
409
734,408
730,204
718,894
1,513,339 1,371.200 1,419,825 1,740,801
101,593
127,180
152,417
Mail, exp's andmisoel'n's'.
130,973
INCOME ACCOUNT.
Net earnings
From land department
Premium on bonds. <Stc
Chic. Kan. & Neb. interest
18S8.
1889.
1890.
c.
Miscellaneous
Total
Expenses
Net earnings
Per cent of oper. expenses to earnings ...
INCOME ACCOUKX
c.
$
30,000
24,192
37,476
18,290
1890.
$
732,158
30,000
21,271
112,256
20,865
250,000
818,295
1,169,553
521,650
517,325
1,200.000
6,123
"l,'7'52
1,723,1.53
526,102
Sur. 321,893 *Def. 553,900
Total
Balance
"The surplus on Dec.
375,000
200,260
70
1889.
and exch
—
208,534
7.38.337
Miscellaneous earnings
Belt By. rental, May 1, '83, to Oct. 31, '85..
Total
Expenses
Interest charges
Dividends
Miscellaneous
675,221
471,961
61
Revenue —
Rental from lessees
"
'•
Ind. Elevator
"
"
bouses and lands
Dis.. interest
'2,328
586,528
377,994
1.446
8,560
Rent of equipment.
1890.
655,573
1,322
11,208
1,118
574,191
Freight transfers...
Track service
31, 1890, as per balance sheet,
was $550,752.
GENERAL INVESTMENT NEWS.
Alabama Midland.—It is proposed to scale the interest to 5
per cent and stamp the bonds, principal and interest guaranteed by the Savannah Florida & Western. A number of the
bondholders have assented to this proposition. The former
agreement to provide for interest at 6 per cent till Nov. 1,
1892, was not carried out, and the bondholders felt justly aggrieved when default was made in the payment of interest
due May
1,
1891.
Jm
18,
THE CHRONIOLE.
18V1.]
bdd
Uan.— a ChicaRO dispatch reports that the City John C. Adams, Loula
WIndmnltor, W, Wctmon CrrdOT.
Council lias empowered the Mnyor and City Comptroller to W. F. Dunninir.
Wllllani Bell and Mafoohn W. Nl»«.
settle with the CbicaKO Oas Company on Ruch a basiii aa they
NfW York rr»rMpBr»« A Bontoii —The Loginlatura ot
thiiik best.
It is said thai all litiKalion will be dismissed and
the comi any will pay the city |190,000 annually out of it« Rbouo Island recently rtulhoriznl th« compaay to iasue MCIiIpo.'O
^
earniugs.
Cliiengro Kock Island & Parlflc— Union PaclOf.— Tlie trial
of tilt! briilRo ciLsoof the R<K:k Islanil a^juinst the Union Pacilic
camo on this wci'k at Omaha in the Federal Court ht-fore
Justice Brewer of the United States Supreme Court and Jud^e
Dundy of the District bench. Thomas F. Withrow, Kencral
solicitor of th«> Rock Island, presented a statement of the
facts in the case from the time when tlie Rock Ittliind and Chicago Milwaukee & St. Paul roads, " at the solicitation of
the Union Pacitic," abandoned the purpose of buildme; a new
bridge, upon an agreement to be allowed the use of the Union
Pacitic bridge and tracks.
He said that the contiact which
the Union Pacific now sought to have declared illegal wag
first carefully drafted and approved of, and the draft was gone
over in detail and copies compared. It was approved by the
Executive Committee of the Union Pacitic on April 30, 1880,
and was subsequently ratitied by the stockholders of the road
at their annual meeting.
Laclede Gas.— The statement of the Laclede (Jaa Co. for
the four mouths ending April 30. 1891, shows a total consumption of 298,4.')6,900, against 207,280.200 feet forthecDrresiwnding periotl in 1890, which included last year 44,469,400 feet
used by the city. The contract for lighting the city expired
May 6, 1890, since which time electric light has been used.
The Company deemed it best after the payment of the dividend on the preferred stock in April a year ago to apply its
surplus earnings to the improvement and extension of the
plant, and much new pipe has been laid. It turns out that the
contract with the city of St. Louis for 30 years referred mainly to the price of ga», if wsed. The contract expired in 1890,
as above stated, and the city then chose to use electric lights.
Had they gone on with gas the decision of the Missouri
Supreme Court would have held them to the agreed price,
Lonisville & Nashville— Norfolk & Western.— The connection at Morton, Va., has beencompletedand opensupanother
new and important through line over these roads between
LouisviUe and the Atlantic Coast.
Missouri Kansas & Texas.— At Leavenworth, Kan., June
the United States Circuit Court, an order was entered
directing the receivers to turn over the railway and property
to the Missouri Kansas & Texas Railway Company on July 1.
There was no controversy over the order. During the receivership, which began November 1, 1888, the receivers have
constructed seventy-three miles of road and have acquired
by lease 141 miles. They have added in the way of improvements and new equipment alK>ut $-t,.500,000.
In New York at the directors' meeting the full board was
present with the single exception of Mr. John D. Rockefeller.
Mr. H. C. Cross was unanimously elected President and J,
8, in
Waldo
Vice-President, Joel F. Freeman Chairman of the
Board and J. F. DeNeufville Treasurer.
The following executive committee was appointed: Wm.
Bond, Chairman; Simon Sterne, Colgate Hoy t, H. W. Poor
and William Dowd.
Nashville Chattanooga & St. Louis.— The stockholders of
the Nashville Chattanooga & St. Louis will meet on June 30 to
authorize an increase of 50 per cent in the capital stock (about
$3,331,000), which will be offered to the present holders at 50c.
The cash to be received from the sale of this stock will be expended as follows: $500,000 to retire Government bonds due
June 1; $50,000 to improve the Western & Atlantic Road
&
leased by the Nashville Chattanooga
St. Louis last January,
for the completion of the Coosa
Tennessee
branch, now in course of construction.
&
and $750,000
—
National Cordage. Montreal dispatches report that the
National Cordage Company of New York has pui chased
every cordage mill in Canada. ThesemiUsareeight in number,
and are situated at the following ix)ints Halifax, St. Johns,
Quebec, Montreal. Lachute. Port Hope, Toronto and Brantford.
It is stated here that $2,000,000 was the price paid by
the American company for the eight Canadian cordage mills.
New Bonds & Stocks Authorized. This item is published
to-day on page 903.
:
—
New York & New Jersey Bridge Co.—Two constituent
companies bearing the same name, viz., the New York & New
Jersey Bridge Co., have been incorporated, the one in New
York and the other in New Jersey. These companies have
secured charters to bridge the Hudson River from .Seventieth
Street, New York. The scheme includes the construction of
an approach on the New York side by means of a viaduct,
starting at Broadway and 38th St. Tlie bridge is to have eight
tracks and to be at least 150 feet above high water. The New
York company has already organized, and the first instalment of the $300,000 capital required by law has been paid
in.
The New Jersey company is now organizing. It is said
that capitalists have pledged the $1,000,000 to be subscribed
and Sept. 2d has been fixed as the date for the consolidation
of the two companies into one bearing the same name. The
capitalization of the consolidated company will be $16,000,000 in- stock and $50,000,000 in bonds. Mr. John B. Kerr,
Vice-President of the New York Ontario
Western RR., is
the President of the New York Co. and the other directors
are Messrs. George E. Mumford, George W. Greene. Charles
H. Swan, James Langan, H. B. Archer, Willard H. Maie,
&
'
000,000 in 4 \>or cent lK)iidH. Il.aoo.ow thnreof i* to be beMlo
secure the present iK.nded debt. $.V)0,000 for new stock in tb*
Providence
& .SUmiogton
Steamship Company, to be bm»i\
for two new steamers now under contract, about
fSOO.MOfa
retire floating d.-bt, the UUnce, |1, 700,006, to
be held in fb*
treasury for future re<iuiremeats.
New York
bonds
Stock Exchaofe.-New Neenrltle* Llste4^Tbe
week will be found oo page 003.
listed this
Ohio
NnrthwPHtern.— This railroad ha^i for some time
the hands of a receiver, the »e<-uritie» l)eing held
largely in Phikdelphia. The committee anpointcd bv the first
mortgage landholders to complete the reorKani/.ati''in of tho
company, under a plan adopted at a mating of the bondholders held hut February, have formulated a rejK>rt iu which
the scheme of reorganization i* ««;t forth. The comtnitteo
consists of Messrs. J. S. L'Amoreaux, Thoma<( R. Wnite, Jr.,
and Henry M. Hoyt. Jr.. the latter representing the \nreAment Company, of Philadelphia, which is one of the largest
botidhoKlers. The report of the committee states that prior
claims were discovered to be outstanding to the amount of
$.583,816. including interest to June 1. 1801.
The number of
bond^ included in the reorganization is 1.120, of a par value of
$1,000 each, and in order to retire the prior claims it will become necessary to make an assessment of
per cent, or $580
on each bond, for which ca-h assessment paid the landholders
will receive new preferred stock, taking also new common
stock for their old bonds and interest. Tho following is an
outline of the plan of reorganization :
Length of lino
lo^ miles
New preferred i<topk,.'S pcrocnt nnn-ciiiiiiilallve,
after p»ym«ut ot Rnme rate on coninion iitock
to shnre oarulngs equallv wltli coiumon stock,
.'
$3,500 per mile
$591,000
Prooet'di to be used Id retiring prior claims, soy 9563,000
Balance In treasury for future operations and
contingent claims
29,000
been
m
ft
M
$.'594,000
New common stock ($14.S00 per mile)
Common stock to be exchanged, par for par, for
.^IJoiKls
Ten per cent
$1,506,000
$1,421,300
distribution to preferred stock-
hoUlers
Balance for oommlssloni aud compeniatlon
59,400
85,300
$1,566,000
San Antonio £ Aransas Pass.-On Saturday, the 6th inst,
Judge King, in the State Court at San Antonio, authorized
the receivers to issue Sa50,000 in certificates, to be used for the
completion of the 54 miles on the Waco Extension. This action will enable the Reorganization Committee to carry out
the contract with Kennedy, the contractor for tho Waco Extension. The work will be completed by September, in time
for the autumn business, which promises to be heavy. The
gross earnings for this year have not heretofore been fublished by the receiver, and are now given below in comparison
with last year, as follows:
1990.
January
February
$l2n.903
112,227
March
19D1.
$107,630
loe.es.'i
120,166
186.000
104,709
120,282
The Central Trust Company has received assents to the
plan of reorganization as follows: $1.114.000 out of the $1,750,000 of the 188.5s; $4,379,000 out of $4,473,000 of the 1886s; all
of the $1,725,000 of 1888; $3,975,000 of the $4,000,000 incomes,
and $1,809,200 of the $5,000,000 stock.
10*!,0I2
112.»a'l
April
May (three weeks)
St. Louis & San Francisco.— Judge Thayer of the United
States Circuit Court in St. Louis denied the application of
the first preferred stockholders of the St. Louis & San Frai»<
Cisco Railway Comi)any for an injunction restraining th<
Atchison Topeka
Sante Fe Railroad from owning Frisco
stock and issuing a $50,000,000 blanket mortgai?e. The point
relied upon by the plaintiffs to sustain their application was
that the Atchison being a competing line could not under tho
statutes of Missouri own stock belonging to a competitor.
Judge Thayer holds that the roads are not competitors. The
stockholders' meeting to consider the stock and bond issues
was held and the increase of stock by $10,000,000 and by the
blanket-mortgage of $50,000,000 were authorized.
The contest of the St. Louis San Francisco first preferred
stockholders has been continued by an injunction suit entered
in the Suffolk County (Boston) Supreme Court to enjoin the
St. Louis & San Francisco Railway Company from issuing the
proposed $.")0.0<)0,000 general mortga^ bonds, " except tlie
same are made subject to the rights of the holders of thn first
preferred stock." The action is brought by the first preferred
stockholders, who claim a seven per cent priority lien on the
net revenues on their class of holdings over any new mortgage
bonds. The subpoena is returnable in August.
Sugar Trust. The directors of the American Sugar Refining Com^iany have declared dividends of 3!^ per cent and 4
per cent respectively on tho preferred and common stocks of
the company. The'dividends are payable on July 8 and the
transfer books close on June 15. Tre.i9urer Searies, of the
American Sugar Refining Company, said that no Wn n iwrfai l
&
—
&
—
statement would be given out,
Western Union Telegraph.— The statement
is given on pa^e 9&i,
ending June 80
for the quarter
CHROJNlulF.
IHl^
900
%tpovts
Net Earnings
$5,059,839 30
Percentage of Operating Expenses to
Gross Earnings
6666 o(j%
Same, including Taxes
710*. oo%
ELEVENTH ANNUAL REPORT OF THE DIRECTORS TO THE
BTOCKHOLDEES, FOR THE YEAR ENDING MARCH 31, 1891.
Passenger Earnings.
$0,0 i),S39 30
receipts of lands sold
Interest received from C. K. & N.
98.650 00
1,216,662 41
Ry Co
$6,375,151 71
Net Income
From tills amount bas been paid
$2,714,950 00
" Rentals of Leaseill-ines
1,871,74421
" Rentals and Tolls Mo. Kiver Br'ges.
188,537 71
•" Dividend on Cap'l Stock, 4 per cent. 1,816,232 00
" Preiiiiiim on $4 (,000 5 per cent Ext.
and Col. Bonds, purchased for account of the Sinking i'und, under
369 30
the Mortgage
For Interest on Bonded Debt
6,621,833 22
Showing
$246,68151
Deficit for the year
The Capital Stock and Bjnded Debt
of the
Company
is
as
follows
$46,155,800 00
Capital Steele issued
Fractional Strip convertible into Stock
Blx per oeLt Mortgage Bonds
Five per cent Jixleusion and Collateral
Bonds
200 00
12,500,000 00
$33,652,003 00
Less Bonds purchased for account Sinking Fund
133,000 00
33,519,000 00
5,000,000 00
Seven per cent C. & S. W. R. R. Bonds Guaranteed
Main Liue and Branch Railroads owned, leased and operated by th^ Caicag.) Rjck Island & Pajiiic Riilway Company, at date of this repoi t, are as folio ws
LINES OWNED.
MUeS.
498 92
Chicago. III. to Council Blufls, Iowa
,
:
Davenport, Iowa, to Atchison, Kan
Atchison J uuc. Mo. to Leavenworth, Kan
Washington. Iowa, to Knoxvillc. Iowa
gouth Eiiglewood. Ill, to So th Chicago, 111
Wilton, Iowa, to Musca.l c, Iowa
79
7-50
Altamoiil,
ISIo.,
to St. Joseiih.
Mo
14-71
17-hI
11-84
4-50
Gross Earnings show a decrease
Net Earnings thow a
USES LEASED.
Operating Expenses decreased
Taxes increased
51-53
103-»d
26-64
1,839-27
TRACKAGE SIOHT8.
54-30
Denver, Colo
67-35
89-20
Denver, Colo., to Pueblo. Colo
119-60
,
Union,
Colo., to
Over Denver & Rio Grande RR.—
Total miles trackage right
is
$811.195 31
Land, Land Damages.— The expenditures
:
3,408-56 miles.
195-70 of second track.
9 05 "
of third tr ck.
583-51 "
of side track.
t'>
4,196-82
"
of single track.
Statement showing the Details of Earnings and Percentaee
of Operating Expenses, as compared with the previous fiscal
year:
Sources of Kenenue.
March 31, 1891. March 31, 1890.
Passeenger Transporiation
"
Freight
gaU
"
Express
''
Bents, Interest, Etc
Earnings from Car Mileage
"
"
Telegraph Lines
$4,762,894 38
11,513,84^38
405,077 47
314,71844
186.957 47
280,906 o9
9,234 15
On
the Carson Branch one, and on the Griswold Branch
wooden bridges have been replaced by lion Bridges.
Near Kellogg, Iowa, over the north Skunk River a combination bridge has been replaced by an Iron Lattice Truss
Bridge 129 feet long.
At Kansas City, Kansas, a viaduct has been built across this
Company's tracks, the company paying their prop<5raon of
the expense, thereby securing the vacation of certain streets
for railroad purposes.
three,
$4,613,82185
11,828,793 88
366.168 25
309,30000
246,00175
267,846 42
7,128 74
$17,473,^-33 86 $17,639,060 89
due from C. K. & N. Ry. Co. for interest on
Bonds accrued during the fiscal year
$292,277 59
account
ture.
I
Total Gross Earnings
» Balance yet
for this
include ttie purchase (jointly with the L. S. & M. S. Ry. Co.)
of a lot 100 feet by 113 feet, adjoining our right of-way at
31st Street, Chicago, on which it is contemplated to erect a
passetiger sta ion for the use of the two companies, to accommodate the residents in the southern section of the city.
A piece of ground containing twenty (20) acres has also
been purchased at Blue Island station, to be used as a Freight
Yard, relieving otir terminals in Chicago to some extent.
Masonry, Bridges and Culverts.— At Utica, 111., a single
track Hjwe Truss Bridge 88 leet long has been built over the
Canal to enable the Company to make a side track connection
with the Cement Co."s works.
Over Cherry Creek, Iowa, an Iron Girder Bridge 137 feet
long, on stone piers, has been substituted for an inferior struc-
Add
'•
$30,867-83, or 3 80-100 per cent.
330- 15
3,408-56
located in different States, as follows
236-18 miles in Illinois.
1,065-58 "
••
Iowa.
2«6-35 "
'•
Missouri.
1,125-85 "
" Kansas.
196-05 "
" Nebraska.
376-36 "
" Colorado.
122-19 "
" Indian Terntory.
Equal
or 70-100 per
;
Total miles of road over which traius are operated
The Road
182,140-57,
Full details of the foregoing, as also .Statements of Assets
and Liabilities, Income Account and valuable statistical information, will be found forming a part of this report.
The amount charged to Construction and Etjuipment accounts for the year is as follows:
$33,645 83
For Land. Land Damages
7,976 29
Ehgincei lug and Contingent Expenses
88,335 30
Masourv. Bridges and Culverts
27,540 18
New Depots. Water Stations and Traolc Scales
3-',013 71
New Feucing, Crossings and Signs
9,323 20
New Machiuerv for Shops
(16-77
.153.-66
02
Additional Second Track
miles)
58.908 61
Third track (9-o5 miles)
65
127,212
Additional Side Track (19-11 ml.es)
316.343 55
NewEqulpmeut
5 i8"65
Over Hannibal & St. Joseph BR.—
Cameron, Mo., to Kansas, City, Mo
decrease of $104,154-38, or 3 02-100
cent.
246-97
49'30
Over Union Pacific Ry.—
to North Topeka, Kan
I Kansas City. Mo
of $165,437-03, or 94-100
per cent.
Bureau Juno., Ill, to Peoria, 111
46-70
Keokuk, lowa.to Des Moiues, Iowa
162-20
Des Moines, Iowa, to Fort Do ^ge and Ruthven, Iowa. 14376
Elwood, Kan., to Liberal. Kan
439-54
Total miles Leased
stations of 78.8371^.
per rent, and
1,238-84
Hcrington, Kan., to Minco, 1. T
Herington. Kan., to Salina, Kan
Horton, Kan., to Kosweli, Colo
Falrbury, Neb., to Nelson, Neb
McFailard, Kan., to Belleville, Kan
Dodge Clt.v, Kan, to Bucklin, Kan
increased 377,373>^. or 8 96-100,per cent.
Of all the Passengers carried, 2,439,6911^, or ."iO 75-100 per
cent, travt^led West, and 3,367,195, or 4tf 35-100 per cent
traveled East.
The rate per Pa'isenger per mile for the year ending March
31, 1890, was 3 277-1000 cents, and for the year ending March
31, 1891. It was 2 198-1000 cents.
The Passenger Business at 343 stations shows an increase of
$334,341-55, and at 165 stations a decrease of $185,36904.
The number of Passengers carried daring the year shows
an increase at 363 stations of 443,5563>^, and a decrea.->e at 150
cents.
54-77
Owned
66^0, ,j,%
702,oo%
In comparison with the previous
',
17
46-95
14-58
21-54
2-40
,
Total miles
ir98
608
49-66
11-70
Mo
Kansas Cit\ Mo., to Armii. inhale, Kan
Bouth Omaha, Neb., to Lincoln, Neu
$5,163,993 58
Freight Earnings.— Freight Earnings for the year decreased $314,948 50, or 3 66-100 per cent.
The Revenue from Through Freight (Freight delivered to or
received from connecting lines) increased 331.698-30, or
4 8-100 per cent, while the Revenue from Local Freight deor 9 4-100 per cent.
creased $-549,646-7
Of the entire Freight Earnings, 51 96-100 per cent, was
from Through Freight and 48 4-100 per cent from Local
Freight.
The movement of Freight, as compared with the previous
year, shows a decrease of 35,668 tons, or 43-100 pi-r cent, and
the rate per ton per mile has decreased from 1 3-100 to 1 1-100
M'^ti
,
SouthSt. loseph, Mo., to Rushville,
j
341-84
Wilton. Iowa, to Lime Kilu, Iowa
Kewton, Iowa, to Monroe, Iowa
Des Moines, Iowa, to ludianola and Wiuterset, Iowa..
Menlo, lowii. to Giithiie Ceniei. Iowa
Atlantic. Liwa. lo Audubon, Iowa.
Atlantic, Iowa, to Griswo d. Iowa
Avoca, Iowa, to Carsim, Iowa
Avoca. Iowa, to Uurbiu, Iowa
Mt. Zion, luwa, to Keosauiiua, Iowa
31, 1890.
$11,729,647 74
745,419 57
m
$17,473,633 86
12,4ia,794 56
Net Earnings
*••
—
March
year Passenger Earnings show an increase of $149,073.51, or
3 33-100 per cent, which is made up of a decrease
Earnings from connecting lines of $87,798-97, or 9 li-100 per
cent, and an increase in Earnings from business originating
on our own line of $236,871-48, or 8 45-100 per cent.
Total number of Passengers carried increased 364,719, or
8 31-100 per cent.
The number cf first class Passengers carried increased 362,233, or 8 35-100 per cent.
The number of second class Passengers and Emigrant Passengers carried increased 2,487, or 4 93-100 per cent.
The number of Passengers carried one mile increased 13,010,495, or C 65-100 per cent.
The average distance traveled by each Passenger during the
year ending March 31, 1890, was 44 miles, and during the past
year was 43 miles.
The numler of Through Passengers (Passengers delivered
to or received from Connecting Lines) decreased 13,6531^, or
5 55-100 per cent, and the number of way (local) Passengers
The Board of Directors submit the following report for the
Tear endinK March 31, 1891
Add net cash
31, 1891.
$11,647,507 17
766,287 39
Taxes
CHICAGO ROCK ISLAND & PACIFIC
RAILWAY COMPANY.
OroRS Earuiugg were
Operating Expenses and Taxes
March
Expenditures—
Operating Expeases
33oaxra.entb
SLtiA
fVOL. LII.
I
New
Water Stations and Track Scales.— On
Depots,
the River
Dock
at the foot of Fifteenth Street, Chicago, a one-
'
JCNR
THE
18, 1891.1
(;H
story brick freiKht house, 44 feet by 370 feet, has been ere<!te<l
to facilitiite the exchange uf freight between Lake and Kail
traimportalloo.
At vVii^hita. Kansas, a freight house has been built and ala<>
a five-pocket cduI chute.
At North Topeka, Kinsas, a ten-po<;kpt coal chute.
At Nel-son, Nebraska, a small Eluvator for handling flax-
RON
!
I
OLE.
901
my
another fadenltwM mad*. TlM»nnt»--« "^ttnTnwt Oatip
,
lielieving that the iotcrMtaof th>
Inn of Ibit Company would be promoted bjr corn
i-otl>i(er.il into a
-
direct lien, required the
rtt>te« of tilla(D
Nebraska Comp:inr to eser<:
>iin
the entire deot due. and inAtftute pnicoeding-i Ut forocluoe Um
mortgage. This declaration was made, and a salt oomoMiMMd
seed.
in August, 1H89.
At Winthrop, Mo., large Track Scales have been placed.
Some muQicipalities who hid become stooliholdan interAt Blue Island, HI.. Extensive improvements have been veiled in the suit and set up a gn>at many def'aiM aitainat
made to the water supply, and minor like improvements at the foreclosure, all of which save one were abinlonod a*
Joliet and Peru, III.
unsappt^rted after the evidence wa^ concluded. O.i the final
Fences, Crossings and Sions. Street Oates have t)een hearing it was Insisted that the principal debt wa4 premafollowinn
crosninscs:
)Wth,
the
80th,
44th,
4.'5tli,
erecteti at
turely declared due. The Court found against them on this
Court. .'>3il. .V)th, Cloud, SprinK, 70th, 7l8t, 75th, 78ih, 79lh issue, and entered a decree of foreclosure. Since the ckiee gf
streets, ChicaKO, also at Eastern Avenue nad Horkimor Street.
the fiscal year covered by this report the property has been
Joliet, and at one crossing in Geneseo, 111.; at Marquette an(i sold, and the United >S^ate^ rrustCompany, exercising authorDavie streets, Davenport, and 7th and Vine streets, Des ity conferred by the First Mortgage Extension and Collatend,
Moines, luwa.
purchased it in the name of ana for this Compaar. If the sale
Interlocking Plants have been established at Auburn, III,, simll lie confirmed, as it probably will be in a few days, the
cros»iua: of the U. & W. I. R. R., at South Eaglewood. III., deed will l>e delivered and recorded, whereupon tne First
the junction of this comoany's suburban {dummy) line, and at Mortgage Extension and Collatteral, bv which the five per
Waslmiitton Heights, III.—crossing of the P. C. & St. L. Ry. cent bonds of this Company are secured, will attach to the
In compliance with an ordinance of the city of Chicago, property as of May 1.'5. 1888.
-dated .March 26, 1890, the company has been compelled to
Since the foreclosure suit in this case hat been commenced
fence its right of way within the city limits by the erection of the road has been extended into the Indian and Oklahoma
a 7-foot board fence,"from the depot to 63d Street. This work territories, from Pond Creek to Minco, a distance of 08-3
has been done jointly with the L. S. & M. 8. Ry. Co., and miles !4"8 miles of which (from El Reno to Hinco) were comfrom 03d Street to 87th Street entirely by this company.
pleted during the past year—on this (98'3) mdeage no bonds
New Machinery. Additional Machinery of new and im- have yet been received by your Company from the Chicago
proved designs has been purchased for use in the shops at Kansas & Nebraska Railway Company.
Chicago, at F'airbury, Neb. and at Goodland, Kansas.
Second Track. The second main track has been coTipleted
The Boird of Directors take this opportunitv of tendering
between .\nnawan and Geneseo, 111., 13*33 miles, making the to the officers of the Company, heads of dep irtmonts and emIllinois
Division
the
in
the past ployes, their acknowledgomjnts and appreciation of faithful
length of second irack added to
two years, 22-4.1 mile3(between Sheffield and Geneseo), the con- setvi;es rendered the Com'pBay daring the past year.
giving
the
company
completed
piece
of
track
a
By order of the Bjard of Directors.
struction of this
double track between Cmcago and the Mississippi River at
R. R. Cabui,
Kansas
I
1
<
&
—
—
—
—
Rock Island.
The second track has
President.
been extended 3"44 miles from
Dale aidins; to Buff.ilo, Iowa, on the South Western Division.
INCOME ACCOUNr.
Third Track. A third main track has b^en completed
between Enitlewood and Blue Island, HI. (905 miles.) This Chicago Bock Island & Pacimc Bailwat Cohpakt raoii Apkil 1,
track is made necessary by the great numaer of trains arriving
1890, TO Makcu 31, 1891.
1890.
in and departing from Chicago.
^flL.'J'iS 00
Dividend
paid of 1 percent
May
1.
To
Side Tracks. Side tracks (aggregating 19-1 1 miles) have May 1. '• Interest paid
175.0UO 00
C. * S. W. R«. C<». Bon Is. ...
been added to the Company's system at pjinta where most J ily I." Interest p lid on H per cent Bonis
8«3,<KiOOO
also
—
—
NiW
E^uiPM'iNr.— AlJitional Eiiiipm3a(, has been purchased or baiUat the C)a^iay'3 sh )p3 duriaj; the year, as
iw.'ive (13) Passenger and Freight Engines, tw.i (2)
S>vite,liin,j E isfinei. six (6) Chair Cars, five (5| Patsen^er Car,.
five (5) Baggaae and Mail Cars, four (4) Sleeping Cars and
fifteen (15) Furniture Freight Cars.
followj
1." Interest p lit! on 5 i>er ccut Bonds
1." DivUend pil J of 1 per cent
July
needed.
:
NEBRASKA EXTENSION.
During the year the miieaae owned by thL<! company has been
increased by he construction of aline of road from Sjuth
Aug
Nov.
Nov.
1
1.
"
"
1891.
Jan. I."
Jan. 1."
Omaha to
the city of Lincoln, Nebraska, a distance of o4'77
this piece of road are made
under the terms of a lease executed between the Union Pacific
Western
Ry., the Omaha &
Rv., the Salina & South
Republican Valley Ry., the Chicago Kansas & Nebraska
Ry. and the Chicago Rock Island & Pacific Ry. companies
under date of May 1, 1893, said lease being ratiiied by
unanim )Ui voces of the stockholders of the rejpecti^e c >rapanics interested, granting to this company the use of tricks
and the bri Ige across the Missouri River at O.naha, from the
ilia
terminus of our line at Council Bluffs. Iowa, to South
Neb., a distance of 6-92 miles, and from Lincoln to Beatrice,
Ned., a distance of 40-6 miles. By this leaseand the construction of the road between South Omaha and Lincoln, a reduction in distance of 25 milej is mide between Ciiicagiand
Denver, Colorado, proportionately reducing the time an.l co't
of operation on all through business to Cjlorado and Paciric
Coast points. The above leased lines have not yet been opened
for business and the mileage is therefore omitted from our
schedule of miles operated.
The connections with
Om
CHICAGO KANSAS & NEBRASKA RAILWAY.
May 15, 18S6, this Company entered into an agreement with
the CUicago Kansas & Nebraska Radway Company, whereby
purchased all of its first mortgage bonds, all local aid wliich
it should receive, and all of its capital stock not sold to other
parlies, and in'pay ment undertook to furnish all moneys wliieh
should l>e needed in constructing and equipping its railway.
Under this arrangement thirteen hiuiired and eighly-eiuhi
(1.3S8i miles of railway extending throu,;h or into the States of
Kansas. Nebraska and Colorado, and the Indian Terntory and
the Terriiory of Oklahama, were Ciinstructed and equipjied.
This Company received l<x;al aid from which it realized $3,lifst mortgage bonds having a par value of J35,841,817,4?
it
;
149,000 00, an<l the capital stock to wbi -h it waa entitled.
The proceeds of the Uical aid were piid on account of construction.
The first mortgage bonds were hvpothecated
with the United States Trust Company of New York, under
the First Mortgage Extension and Collateral of this Company,
The bonds thus
to secure bonds issued under that mortgage.
secured were sold, and the proceeds applied in the perforNebraska
mance of the contract with the Chicago Kansas
Company January 1, 1889, that Company failed to pay all of
&
;
its
coupons maturing on that day, and on July
1
following
Interest paid on 6 per cent
Imerc.''t piilil on .} per cent
Bonds
8i7,17800
461,55800
4«i.55800
17.i,00O 00
. .
3H3,00000
00
,.'»5i!< 00
Bonds
Bouds
8.11,775
1." DlvMeal palil of percent
Mar. 31. " Rent Hunnlbal & St. .lo. KR. Co
" Rout Keokiiu & De- Mollies Ry Co
31.
MiU-.
Peb.
-iO
I
ar. 31.
"
Mar.31. ••
Mar. al. "
1
miles.
Dlvidcii 1 paid of 1 per cent
Interest paid t;. 4 8. W. EK. Co.
Mar. 31. "
Mar. 31. "
Rent I'eoria & Bnrpaii Valley RR. Co
Kent Des Mnines & Fi. Doeee UR. Co
Rent Chicago Kansas v Nebrs.,ka Ry Co.
andfor accountof thalCo
T
lis
sion an
Mar. 31. "
Mar. 31. "
1-14,094
1
Collateral
Bonus purctiased
6i
1,4'>1,8A331
18»,537 71
paid Missouri River Bridge 'OS
*43.0fK) fi i)er cent Exten-
Prem am on
1
43.3'0 28
137,500 00
12i.0<<000
for
389 30
account of SluklnK Fund
Operating Exp -uses and I'axes from April
.-ie
12,413,794
1,189;>, to .March 31,1891
2?0,8130«
...
Balance
»ltf,106,243 84
1890.
April 1
$517,39657
By Balance
Issti.
Mar. 31. "
Gross Eamlnvs
vlarchll,
M->r.31. "
Mar. 31. "
iSn
fmm
April
1, 1890, to
17.473,633 86
from Ijiud Department
Interest received from Chicago KaosM
Nebraska Ry. Co
R^oeip
8
9s,65U0O
A
1,216,66241
919,306,242 84
""
1891
April
i.
•270,61506
By Balance
CONDENSED BALANCE SHEEP APRIL
1.
1891.
CREDIT BALAVCES.
LIABILITIES.
Capital
stock
fixed
$50,000,000;
*46.155,800 00
amount Issued
Fraotlnual Scrip ouutandlug. cuiivqrt200 00
tbteinto 8tock.
946. 1 56.000
00
Six per oent Mortgage Coupon Bonds. ti,815,0i)0 00
Six per cent .Mortgage Registered
BonVs
7.68S.OO00O
13.900,000 00
Five per cent Extou-ilon Coupon Bonds ^29,697,000 00
Five per cent Extension Registered
Bonds
3,!t3.^.ono
00
Chloago A SnntUweDtom RB. BondA guaranteed
Addition and improvement account
Certlllca;«w of Indebtcdiie-w Usiiml on ncrouDtof »!.470.'>(HI 00 Chloauo Kan-<ai« & Ncoriixka Railway
six per eent Bou In iliio lhl.-< company lor sdvunees
maile to ooDstruct road botwwn Pond Creek and
Miuoo, I. r., 9;)'ia milea, under agreement dated
Mav 15. lH«d
Acooonts Pajrsble
ProUt Balance to Inoouie Acooiuit
33.flS2.0O0 00
5,0<x>.00<ia0
8,313.000 00
I.OSO.O0O0O
l.xl-t.H68SS
370.615 06
910e.460.96S S4
v/
THE CHKONICLE.
902
CONDENSED BALANCE SHEET— (Concluded.)
Cost of Koad and
COMMERCIAL EPITOME.
Branch
this Company (except Nebraska
$66,281.B14 28
Extension)
758..526 10
Cost of Railroad Bridge at Rock Island
8,756,102 85
Capital Stock and Bonds of Connecting Roads
Chicago
Kansas
&
Nebraska
Advances made to tbe
28,352,067 73
Ry. Co., as per contract dated May 15, 1886
Cost of Nebraska Extension— 8o. Omalia to Lincoln,
1,410.836 44
Keb
591,480 46
Loans and other Investments
12,100 00
C. R. I. &P. Ky. Co. Capital Stock on Hand
Six per cent C. K. I. & P. Ey. Co. Mortgage Bonds on
400,000 00
liaud
Sinking Fund Account. Fiist Mortgage Extension and
133,000 00
Collateriil five per cent Bonds purchased
933,374 14
Stock of Material, Fuel, etc.. on hand
30,458 01
Due from Post Office Departmeut
613,691 52
Accounts Receivable
187,031 81
Cash and Loans (payable on demand)
Eoads owned by
There
:
Knight, Ashland Co., Wisconsin.— $6,000 conds, due lu twenty years.
Bids will be received by J. B. Anderson till June 22.
school 6 per cent bonds, due 1896 and
1901. Bids will be received by J. M. Beebe, Junction City, Oregon,
till June 20.
MiLFORD, N. H.— $65,000 water 4 per cent bonds, due 1921. Bids will
be leceived by C. 8. Averill, cfcc, funding committee.
MuTKOMAii County, Ore.— $25,000 5 per cent school bonis, due 18978-9. Bids will be received-by H. 8. Allen. 241 Ist Street, Portland,
Ore., till June 20.
Mount Vernon, Westchester County, N. Y.— $50,000 4 per cent
sewer bonds, due 1917-8 19-20. Bids will be received till July 2
by the Board of Trustees.
Portland, Oregon.- $56,500 ten-year 6 per cent bonds. Bids will bo
received till June 16 by the Committee of Ways and Means.
Salem. Mass.— $60,000 Canal Street4 per cent bonds, due 1892 to 1901.
Bids will be received by the City Treasurer till June 10.
St. Paul, Minn.— .$350,000 certiflcates of indebtedness are to bo
19c. for
—
:
mortgage 4 per cent gold bonds.
East Tennessee Virginia & Georgia Railway.— * 500,000 additional equipment and improvement 5 per cent gold bonds, making
the total amount listed $5,500,000.
Missouri Kansas & Texas Railway (Dallas* Waco Railway).first mortgage guaTanteed gold 5 per cent bonds.
$1,173,000
Norfolk & Western Railroad.— $2,590,0(10 addition-il preferred
making the total amount listed $31,000,01)0.
Oregon Short Line & Utah Northern Railway —$4,000,000 ad-
stock,
ditional collateral trust 5 per cent gold bonds, making the totnl amount
listed $1,1.(100,000; also $322,000 additional consolidated mortgages
l)onds. making the total amount listed $9,115,000.
Proctor
Gambli-; C' 'MPan y.— $2,000,000 first mortgage 6
per cent gold
&
bonds, $2,230,000 8 per cent cumulative preferred stock
.$l,25t.,000 common stock.
St. Louis Souihwtstern Railway.— $20,000,000 first mortgage 4
per cent gold bond certiflcates, $8,000,000 second mortgage 1 per cent
gold income bond certiflcates, $20,000,000 5 per cent non-cumulative
preferred capital stock and $16,500,000 common ca- Ital stock. The
trust receipts for M. I.ouis Arkansas
Texas securities were ordered
&
1.
Western Union Teleernpli.— The estimated net earnings for
the quarter ending March 31, 1891, were $1,554,153 the actual
were $1,326,682, or $227,471 less than the estimate.
The
estimated net earnings for the quarter ending June 30, 1891,
compared with the actual results in the same quarter of 1890,
;
as below given.
Qtiarlcr ending
Ac(Mai, 1890.
$1 ,742,651
Net rerenne
Deduct—
Interest on bonds
$22.3,186
eiaklugfund
243,186
Less dividend
Surplus for quarter
Add nominal surplus April
(II4 p.
1
Nominal Burplue June 80
30..
,
Jistimalcd, 1801.
$1,500,000
$222,898
20,000<
20,000
Net revenue
June
$1,499,471
c.) 1,077,398
-
6-4i
CoT
6-63
Thur
FH.
6-23
6-37
6-26
e-38
650
660
650
;
creamery and 12
lower at
3i
15e. for
Western
factory.
Cheese
a 9c. for State factory full cream.
Coffee on the spot has further declined, and Rio is quoted
at 171^ <« 1714^0. for No. 7, selling at nigO. to arrive, and
Santos No. 5 at ISJjC. on the spot. Mild grades were to-day
fairly active at the reduction, selling on the basis of 18-^40.
for good Cucuta.
The speculation in Kio options has been at
fluctuating values. To day the longs unloaded under weak
European advices, and prices declined materially, although
Brazilian accounts were steadier. The close was about barely
steady, with sellers as follows
16-500. September
June
14 0"c.
1515o. December
IK- 15c. October
July
14-6nc. January
13-95C.
August
13 90c.
..15050. jNovember
14-20c. March
Raw sugars are also a little easier, but a good business was
done at the decline; fair refining Muscovado is quoted at 2730.
and centrifugal of 96 deg. test at 3J|',the sales including 1,175
hhds. Muscovado, 89 deg. test at 2^30. The speculation in raw
sugar has been dull and the close is nominal at3-33;a3-46c. for
July, and 3-44(3 3-540. for October. Refined sugars are cheaper
The tea sale
at 5c. for crushed and 4 l-16c. for granulated.
went off at steady prices, the offering being a small one.
Kentucky tobacco has been quieter, sales being limited to
about 150 hhds., but prices are steady. Seed leaf has continued in demand, and sales for the week are 1,240 cases, as
follows: 50 cases 1890 crop. New England seed leaf, private
terms 340 cases 1890 crop, N. E. Havana seed, 23.*2oc.; 300
cases 1890 crop, Penn Havana seed, 21c. 1.50 cases 1889 crop,
Penn. Havana seed, 12C«14c.; 100 cases 1889 crop, Pennsylvania seed, 12«/15c.; 150 cases 1889 crop, State Havana,
IVaSOc, and 150 cases sundries, 6},£@35c.; also 600 bales
Havana, 70c.(a$l 15.
On the Metal Exchange Straits tin has been quiet at easier
prices, with sales to-day of 30 tons at 20-40 .g20-50c. for August; spot is (juoted at 20-75c.
Ingot copper is quiet but
steady, and Lake closes at 12-90c. for June. Domestic lead is
Spelter is negdull and easier, closing at 4-42,1^0. for spot.
lected.
The interior iron markets are fairly steady with a
moderate amount of business doing. The production of pig
iron was increased 81,000 tons per week during the month of
is
.
681
6-48
6 00
6-6)
extra mess, $9-50:a$10-25 packet, $10@$10-50, family, $11-50
fh$12-.')0
per bbl.; extra India mess, $18g:$20 per tierce.
Beef hams are nominal at $18a)$t8-o0 per bbl. Cut meats
have been more active, mainly at 5}4 cents for medium weights
of i)ickled bellies, and the close is very firm but quieter.
Quotations are: Pickled bellies, 5J^(85}2C.; pickled shoulders,
4%roL5c., and hams. 9^£®10}4c. Smoked shoulders, 5}£'§5%c.,
and hams. 10?4^ (tllJ4c. Tallow has declimd, closing quiet at
4 13-16c. Stearine is quoted at TH@'^}2<^- in hhds. and tierces,
and oleomargarine is lower at 6c. Butter closes dull at 16@
New York Stock Excliange New Securities Listed.—! he
Governing Committee of the New York Stock Exchange has
added to the lists for dealings the following
Detroit Union Eailkoad Depot & Station Co. — $600,000 first
ai'e
6-56
6-69
active, but at lower prices, closing at
$10-25 a $11 for old mess, $11 -75(31 $12 -25 for new mess, $10-75{a)
11 for extra prime and $12-25(3 $14 for clear.
Beef is lower;
issued.
July
0.
c
6-«2
6-73
6 84
Pork has been more
Tulare, Cal.— $25,000 school bonds will be issued.
Union. Union County. Oregon.— $20,000 aOycar 8 per cent bonds.
Bids will be received till June 16 by W. T. Wright. Mayor. $lii,0O0
school district No. 5 6 i>er cent bonds, due io 15 years. Bids will
be received by B. F. Wilson. Union, Oregon, till June 20.
Wheeling, W. Va.— $71,500 Ihi per cent bonds, due 1892 to 1924.
Bids will bo received by F. P. Jepson, P. B. Dobbins and J. E.
Hughes till July 7.
list
Friday Night, June 13, 1891.
volume of trade in progress for
DAILY OLOBIKO PRICES OF LAKD FUTURES.
Sai.
Wed.
Mon. Tuet.
6-49
6-45
c.
6 36
632
July dfliveryo
August delivery
September delivery
October delivery
Lane County, Oregon.— $7,000
to be stricken from the
fair
production.
Treasurer.
irold
a very
chants for two or three years past are gradually disappearing.
Crop accounts are generally good, but there are some drawbacks. It is reported that for the third season in succession
the crop of apples in Western New York will prove a failure,
owing to severe weather early in May. Violent storms in the
trans-Mississippi region have caused floods which have done
injury to crops in bottom lands. But as an offset to these adverse
accounts needed rains have fallen over wide areas where the
drought had begun to be serious. Very destructive forest
fires were reported to be raging in the vicinity of Quebec and in
northern Maine. Speculation in leading staples of agriculture
has turned largely upon tbe reports from the Department
of Agriculture regarding the prospects for the next crops.
These reports were more favorable than was generally
expected. The exports of breadstuffs have, at reduced prices,
continued on a more liberal scale.
Lard on the spot declined materially early in the week, but
to-lay was steadier with a good demand, closing at 5'3.5c. for
prime City, 6-271^0. for prime Western and 6-45^6-70c. for
refined to the Continent. The speculation iu lard for future
delivery was at drooping values from sympathy with the
decline in corn and other causes, but to-day took a stronger
turn on a demand to cover contracts, and it was said that
packers were buying because prices were below the cost of
New Bonds and Stocks Authorized or Offered.—The follow
ing is a list of new issues of securities now offered for sale, or
soon to be offered
Anoka, Minv.— $7,000 10-vear 6 per centbonds. Bids will be received
till .July 6 by O. L. Cutter, City Clerk.
Buffalo, N. Y.— *200,ooo park 3h per cent bonds, due .luly 1, 1921.
Bids will be received by E. C. Shafer, Comptroller, tUl June 24.
CABnosnAi.E, Jackson Co., III.— $00,030 20-year 5 per centbonds.
Apply to J. H. Searing, Mayor.
Chattanooga, Tknn.— if 250,000 30 year 5 per cent bonds. Bids will be
received by the Mayor until July 2.
District of Columbia.— $2,100,000 registered 312 per cent bonds, redeemalile in two years. Bids will be received at the Treasury Department, Washington, till June 22.
Gainesville, Texas.— $20,000 school bonds will be issued.
Kings County, N. Y.— $180,000 4 per cent armory bonds, due 1895-79. Bids will be received till June 22 by H. H. Adams, County
and
is
"between seasons," and the future is looked forward to with a
good degree of confidence. The great variety of disturbing
influences which have been felt by manufacturers and mer-
$108,460,283 34
per cent
LU.
gixe (^ommcxchxl ^imes.
DEBIT BALANCES.
ASSETS.
Equipment, including all
[Vol.
"^.^
1
I
I
1
;
;
May.
242,898
.$1,257,102
(I'l p. c.) 1,077,400
$42'?,073
$179,702
9,540,916
11,148,377
$0,962,989
$11,328,079
Refined petroleum is quoted easier at 7-15c. in bbls, 8-70c.
in cases and 4-60c. in bulk: naphtha 6c.; crude in bhls, 6-60c.
and in bulk, 4-05c. Crude certificates were a trifle easier
during the week, but today there was an advance and the
close was steaciy at 69c." Spirits turpentine is steady at
ii8i4c.@98%o. Rosins are dull at a further decline, at $l-4o(3
$1-471^ for strained. Wool Is without decided change,
June
THE
18, 1891.J
OHIIONICLEL
COTTON.
Friday. P, M,. June 13, 1891,
The Movement oI" the Cnop, a-s indicated by our teloRram*
trova tlie Soutli to-ninlit, is Kiveii below. For tlie week emliiiK
this evening tlie total receipts have reached 37,UU3 bales,
agiiiiiHt ;iO,Oi)() bales last week and 88,083 bales the previou*
week, making the total receipts since the Ist of Sept,, 1890,
fl,8U,2l6 bales, against 5,771,398 bales for the same period o(
1889-90, show iuK an increase since Sep. 1, I890,of 1,039,918 bales.
Kteeiplsat—
Galveston
ElPaso,
New
Sat.
Mon.
I
Thun.
Wed.
TutM.
289
587
1,272
Fri.
143
ite...
Orleans...
Mobile
343
110
2,004
2,839
1,034
10,<J6-l
596
29
3,453
61
2,111
85
80
921
307
1,117
248
747
776
573
186
189
140
6
3,768
96
2,931
71
874
763
874
420
374
1,072
Florida
Savaunali
Briiuaw'k, Ac.
194
386
Charleston
Port Royal.Jto
Wilmiugton...
Wadli'gton,&o
Norfolk
378
880
52i
28
804
97
190
251
West Point.
190
897
192
657
152
N'wp'tN'8,40.
420
237
New
York
Boston
Baltimore
S4
392
35
186
1,379
140
103
PUladelpli'a.Ac
260
60
140
238
642
36
1,376
Totals tills week
1.909
6,355i
S.961
2.061
5.471
4,040
27.303
For comparison we Rive the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
TM>
Sitice Sep.
Week.
Qalveston...
1,
Hew Orleans.
Mobile
Florida
Bavannah.
..
Bruns., Ao.
Charleston ..
P. Royal,Jkc
Wilmington
Wash'tn.dcc
Norfolk...
West Point.
NwptN.,,to
Few York.
Boston.. ..
Baltimore. ..
PliU'dera,4o
Totals
1890.
Since Sep.\
1, 1889.
This
Week.
993,069
23,764
2,298
El Paso,<&0.
Stock.
1839-90.
1890-91.
Xeceipts to
June 13.
1891.
1890.
837,926
23,212
8,197
837
964 1,914,003
23 239,744
113,074
9,841
37,862
1,137
10,511
1,771
7,488
502
4,483
431
5,121
762
10,884 2,032,132
921 291,163
41,560
3,768 1,108,037
186 188,093
1,579 503,633
1,006
140
108 187,831
3,746
2,931 636,062
763 341,511
95,312
874
420 132,742
1,072 111.103
49,657
61,553
1,376
10,627
146
2,077
161,103
2
1,600
401,619
321,705
59,815
111.003
71,707
87,670
80,653
3,000
3,593
9,128
92,136
2,700
3,217
8,338
27,303 6,811,216
4,883 5,771,298
313,268
151.628
32,265
933,812
162,962
319,881
272
86
1,833
132,639
3,749
33
150
38
516
426
In order that comparison may be made with other years,
pve below the totals at leading ports for six seasons.
Receipta
at—
GalT'ston.Ao
New Orleans
762
961
2,298
10,861
1888.
1889.
1890.
1891.
839
1887.
1,405
4,810
1,332
41
179
921
23
272
86
6
38
188
712
253
3,559
2,046
18
23
73
Korfolk...
W't Point, Ac
All others.
3,768
1,719
108
2,934
1,637
3,051
1,877
136
2,511
Tot. this week
27,303
4,885
Jltobile
Savannah.
..
Charl'3t'n,J[a
Wllm'gfn,*o
BlnoeSept.l
we
1886.
45
307
1,361
7,911
242
93
11
Wa
M
A
/HIM 13 a<-
Ortat
330
1,713
2,811
4,399
983
143
43
101
1,332
1,830
1,193
6,911
5,188
16,812
3,319
21.881
26
550
6811,210 5771,298 5482.399 5403,713 5183,168 3232.830
y^^^^
fit.
IWol.
2.AB4
None.
None.
None.
1,497
18,379
940
330
9«0
360
790
None.
None.
None.
230
4,690
None.
None.
None.
None.
None.
Otber porta....
8,600
8,000
950
None.
1,000
3,000
None.
None.
TOU11891...
26,311
5,240
5,661
5,887
Total 1890...
Total 1889...
14,510
17,147
1,252
2,150
11,897
4.920
1.739
Vew Orleans...
9,461
None.
None.
Oharleston
Mobile
Norfolk
None.
None.
.. ..
New York
from—
Oreat
Oonti.
BriVn. JVotwe nent.
From
18.
notai
Great
Week. Britain. France
GaWeitoQ
New
Orleaofl.
1«.;81
6,796
Mob. Si renc'la
Barannab
Brunswick ....
12,910
36.616
3,811
S,S11
169
159
Charleston....
WUminjtton...
Norfolk
West
Point...
1,2»
K'port Nw3, &o
Now York
8,«67
Boston
6,786
768
Baltimore
Phlladelp'a,&c
Total
Total. 1888-90.
3,035
1.225
12,070
100
6385
1,897
1,697
699
699
22.687
tt.UZ
7,883|
1
Continent.
12,
1891
Total
843.180
102,9521
921.700 398,782
71,387
150
128.157 87,695
96,630
119,889 16,330
98,532
1.617
652,228 1,872.710
71,017
100
133,711 597,793
23.886 121.996
218,211 111.280
83.180 163,359
826,857
15,871
82,530 186,316
73,738
181,199 708.397
7,181 211.799
85,197 168.823
25.889
1,911
288,867
133,818
73.019
183.837
S07 635
69.109
23,975
11,599
719
10311
U,217
16817
«.803.72.i'471.B.'S.11.5nS.3nfl 4.78fl.0»l
fl.78H
(•.411
S.J77
i.V).g.',»
13,437
43,595
1
800.718
response to decidedly higher values at Liverpool ; but selling
iit liquidation at once set in, and there was a sharp decline,
the prices made being probably the lowest in forty years, and
only a slight recovery was made in the latest dealings, on the
usual demand to cover contracts. Cotton on the spot declined 1-1 6c. on Wednesday and again on Thursday. To-day
the market was quiet at 8fgC. for middling uplands.
The total sales for forward delivery for the week are 529,700
bales. For immediate delivery the total sales foot up this week
3,699 bales, including 800 for "export, 2,399 for consumption,
—
—
—
in transit. Of the above
bales
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week June 6 to June 18.
UPLANDS.
Sat. Mob Tna* Wed Tb. vn.
—
Ordinary
Strict Ordinary
Good Ordinary
Btnct Good Ordinary
V
6»8
lb.
LowMiddliug
Strict
Low Middling
6>9
6',«
,
Ordinary
Btnot Ordinary
Good Ordinary
Strict Good Ordinary
Low MiddliuK
Btrict Low Middling
Mlddllns
Good Mtddiine
Btrlot
OH
9
V4*
9>t
9'.,
8»8
9!%
9^8
9-'»
9'*l»
9%
W\
7%
ft."
8>e
8>a
8»i«
6\
8i'u
10U„
10\
im im
I
6»i6
7
7
7Ts
8«8
83b
7'9
8>«
838
9
9
9
8^
6^
6U
im
5'e
6>i
738
83|,
IHOD Tnea
5^
7%
83|«
Wit.
6'i.
6'8
6'.t
67,
7%
8%
8H
Wad
57,
6i«
738
8».e
|
7H
8^
8>a
8^8
91,,
9li
103,«
ii<i,
ll',.
9<8
9»,«
93i«
9»i»
91*1, 916,, 9'»I,
lOii, 105,, 10^1, lO"*
Il3i» ii»:«
Ill"i. ll"l. lilt,. 11»9
Sat.
9H
9%
10^
10^1
Hon Tom! Wed Tk.
6*„
2l"*
|il«
8T„
113,.
7^8
Good Ordinary
SI"
7»n
6\
9H
8»16
fib.
6
6'i.
7»i.
7l»if
8li«
9^9
7
Good Middling.
6
9H
Sat.
">•
738
l.i*
11>1
GULF.
Btrlot
O'l,
11"
8»i|i
10%
Middling Fair
Fair
6>«
A
Middling
Good Middling
Strict Good Middling
Mlddflng
515,120: 25,108
l.HOO
Department of Agriculture, setting forth the acreage planted
for the next crop and its condition and prospects on the first
of June, were made public. Though uniting in reporting a
decrease in acreage and less favorable conditions and proa-,
pects. they were a great disappointment to the nulla
and caused a small panic, August contracts falling
below 8'50c. (8'49c.), a figure which the bears had long
predicted. There was a partial recovery on buying by
the room traders to cover contracts, and the close was steadier.
On Thursday an early decline, in sympathy with the lower
prices at Liverpool, was not only quickly recovered bat a
slight advance was made on a demand to cover contracts,
many bears thinking they had pursued their advantage about
as far as it was safe to do so. Still, the sjieculation lacked
the spirit which characterized the dealings on Wednesday,
owing to the full crop movement and the depression in the
spot market. To-day there was an early improvement, in
Low Middling
5,672,087
S»,072
2,65.^1
1. 1800, to June
Exported to—
Sept.
10,161
None.
3.030
10,130
10,000
Wednesday the Cotton Exchange saw a very excited market.
The reiwrts issued by the Financial Chronicle and the
Good
Week BndiBo Junt
Exported to—
7.V)
04,7P9
7.317
33,833
lSI,7e«
350
30.649
213.830
The speculation in cotton for future delivery at thi« market
opened the week under review with a feeling of some depreasion, owing to the favorable crop report, though on Monday
reports of drought in the Southwest caused an advance, but
there were general rains on Tuesday under which prices gave
way in the face of a stronger report from Liverpool. On
The exports for the week ending this evening reach a total MlddUngFair
Fair.. .:
of 62,293 bales, of which 32,657 were to Great Britain, 7,568
stained.
to France and 23,073 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1890,
Ordinary
Sxporti
Ooatt-
rranct.
Britain.
Savannah
2,29 S
J
In addition to aboTe •sporw, our MlAgnms to-nlKht also
give \u the following amounta of cotton on ihipboard, not
ouared, at the porta named.
add aimUar HKurm for
New York, which are prepared for oar apecial nae by Mweie.
Lambert.
Oarey. Yale
Beaver Street
Oalreaton
Total.
fl(»8
8^9
B>ll
»ii„
103,,
111,,
ll»u
WXU
5'3„ 53,
6-»i«
63*)
6^
'"16
8>e
714
8ii«
7<»
8'|«
MARKET AND BALKS.
The total sales of cotton on the snot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also ada
a column which shows at a glance how the market cloeed on
same days.
8ALK8 OF SrOT AXD TKAHaiT.
POTHABKBT
CLOSED.
Ex-
Con-
port.
tttmp.
1,102
Saturday Firm
Monday. Quiet
Taeaday.. Firm
Wed'day. Quiet at 1], dec.
Thonday Quiet at ija dec.
Friday... Kasy
Total...
I
Spec- Trail-
uITh
lit.
Total.
1,102
158
300
158
778
105
ibo
75
181
778
S03
76
281
300 2.399
2.699
BalMf
rtUurtt.
36.700
77,000
43.30O
lSS,70O
84.3W
183.800
029.700
THE CHRONICLE
804
The Sales and Pkices of Futdres
are
shown by th»
following comprehensive table:
>y
9q
H
•11
s
QDfo
D
SB
-
(X
-
CC
OO
P
CD
a so
- VI
M
•*
sN
5«
CtJ
» B
3)
g
t=
03
a
ODtOMp
B a,
*^*
fa*
p a
(h
&
I
I
3)
5
00 00
"^
00 o:
03
00 CO
ao:
a
otco
5
COC
a
'"'J
a-p:
1
"si^^:
I
aooD
.
I
c
0)*^:
I
00
(D
0000
>
^
1
ooxo*
acECOO
OpOCCQO
WOOCQp
;^
QpQp
O" to to
*
^rp^'^
ar:
I
QOCOQCO
ca
&«:
OCQOCOO
Ci
iP>.
0> 03
IJ
QDX
xoo
2
to
ODQO
c:05
I
aODOCn
-OS
o; Oi
^
QCQO
"^
dd
<s>
a,":
1
«S
I
OOOP
298,900
307,0(0
2
^9:
Egypt, Brazil,
QDOOOOO
^ OS
OOOD
XOO
->o
I
aOCCOO
wi
Cd
ODODOOO
5
2
dos
QDODCOD
QOQp
ODOOOOO
^
OOQp
QCCD
^
®
*jd
oo:
Q9Sr
(£00
tf^
2
'^
WW
"^
0000
5
0i.Q0
(K
'^
ao
I
CO
OOODOOO
00
-I
QcaooD
,
I
tl60
QCOS
1
QDWCOO
ooxooo
M
<io6'^-j
-^J
to
0000
5
I
tc p-
ooa coo
OOOS
05^03
«
(O
^
O
I
00 00
»* ccOcf)
5
cxi-OoJ,
I
f»
:
ci
OOCCOOO
tCCDC'r>
CC
<£(0
ete
I
I
to
.
I
ten
I
6
:
,i^O|J,
I
I
to
Oo
o
m
'
SB [T-
.
.
•
CD
.
M,*_05*^Cw^l
6":
I
CO
m
CO to
(COCO
en
s
w
:
-JO
I
<1
<i
^'
-
"X *-
tceo'-^'w-bi'i-'bc: Ci"^!'"-^*— "^
c oc a
'
—C'-'
•
0(D
^
toii
2
"
oto
a
05
r-H-coco
H-cott-c^c:ir'*-Of^O'Oi*k'^*-Os«ttk.cjit^
0l-^3'.WWt0WX^0;t0r-«OW*-X0l®
(-;£ O'-vi-^'^x
O
o
M
to
I
"^
l-'Cn''CJ'OiC»0»
toco o>iwto^)cOK*rc*-|
— h-01— .
«x-o
ooox
;
OiX
)J-h-.-ik>:dC)'X
.
C'iwwa.-si*jw
'
*irfi.*-"x*-c:oi
•
Cflt3XO<WM©
sr:
CCOOO!
CCIDOCO
titi^ko
•to
CI>C;<
^I
CO
05
K
2
CO
an
00
tc to
-^
I
9rD
COO
(iO
C>;4ij(^xa'5SCjOXjvXCO0ripir3WM_3;tf»
"«
to Iv
CO
^ to
I
50
)
to
— M—
;
-
^i:*:c--: o'
X
^ X to Ui X M
U*
)U
— 'jtlo'-icsto-i'bi'
?
M
cji
-or^osos-Ji^o-
I
coco
l^tO
'
a
I
a
1^
ccccoco
toto©to
toco
Ui
CO
t"
C
,
I
o
I
I
.'
o
CD
CO
CO
-J
i*».l30S—
I
xa
X—— c
atow^i. >o-i
h,
10 pd. to exoh. 200 July lor Ausf.
-31 pd, to exch. 500 Aug. for Duo
-19 pil. to exoU. 400 July fur Sei.t
-39 pd. to exch. 2o0 Aug. for Jan.
The VisibleSupply op Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well ap
those for Great Britain and the afloat are this week's returns,
and consequt^ntly all the European figures are brought down
to Thursday evening. But to make the totals the compltUf
figures for to-mght (June 12j, we add the item of exports from
the United States, including in
I
WW
—
M
en
I-
c* wdcDdbu''i*io oi>"*-roh--i'iorf^'^
b
-4
MO-- _-lK>OtC;cCC^-'t*t^OlO<10*iX
^ i5(KO'-'»-'tv^-rt-'*-JJ.XXi** — X^O,fcOCO
1
I
(
I
o
exch. 500 Aug. for Sept.
exch. 200 Doc. for Jau.
exch. 100 Aug. for Jan.
exch. 1, 100 July for Jan.
0<
»0h-
Ift.
The following exchanges have been made during the week
•41 pd. to exch. 200 Auj;. for Jan.
-20 pd. to exch. 300 Jan. for Moh
•11 pd. to exch. 100 July for Auk.
-07 pd. to exch. 200 Oct. for \o\'.'
18 pd. to exeh. 200 June for Aug. -10 pd. to etcU. KiO Auk. for Jau.
•09 pd. to
08 pd. to
•42 pd. to
•51 pd. to
1,
»
C.CO
CO
^5
I-'
t
r.
week have been
,
CP«CC<S
OS
CD
to
ports this
5 ud.
lOigc.
is the receipt*
the shipments for the
week and the stocks to-night, and the same it^ms for the
oorrespondiug period of 1889-90—is se't out in detail in the
following statement.
*
<D«00
to to
I
6'i,d.
lligc.
12140.
XtCOCWXCOCOC^iQ'i
oo
toto
«r;
6^d.
45sd.
856C.
c
ar:
a
"^
a.'-:
125.(ioO
179,000
25,000
2,648,224 1,851,473 1,742,591 1,741,486
week, and since September
for the
ft
•
K^O
186,000
17,000
wxtoxtowwtt'^cOr-w*»-Mco*-xor;.
2
"^
—
occco <ccoo
MlO^tO to to© to
w- o
261,000
14,000
154,900
19H,000
18,000
ccttoto
«CtCC«D
0:05
2
308,000
11,000
112,700
253,000
19,000
673.900 703,7o0 616,900 532,000
1,971,324 1,147,773 1,095,691 l,2c9,486
American
5
sr:
COCCI
lito
22
AT THE Interior Towns the movement— that
5
crorcoc
CCD
5'
CO
'
as compared with 1888.
QCOp
toto
tits
CO
M
jlO^
4.451
coOx
co^o
o:to
CO
CtO M
<oto
I
2,i,761
1,267
10
tttocQo
COiJ
»
154,626
24,8bO
521,000
182,000
96,000
332.806
78,658
c-i
5
ar:
599,000
141,000
80,000
244,179
tCQD
CO
"^
627,000
2f*0,OO0
6i>,000
t|i-
co«co»
COM
afloat
(fee,
©dOd mmOq
ecd^to
6o
KlO
<C50
cot
»-- "<
05
(CO©
CM
"
l*-0'
C:
50
^
a
OCCtCQp
c£t50;o
-icOo
«w o_
»
"
"^
eccO©
<DKi
o
od:£0'*
CO
OIOJ
4_ OS
ODCCOOO
CCCC^tD
Qcecotc
^
0000
I
5'
&^
obix^CD
XOOOOO
oo
2
OT
C
66
eco
t
lU
CM
2
®
22
The above figures indicate an increase in the cotton in sight
to-night of 796,751 bales as compared with the same date
of IBSO, an t7ujrasp of 905,633 bales as compai-ed with the
corresponding date of 18S9 and an increase of 906,738 bales
aoo
^r:
»
CCQO
<DCD
cooo
00
<J
Cth-M'1
24.880
965,000
4^4,000
125,000
343.268
110.234
6,822
B3^ The imports into Continental
XOOO 00
fOCD
:C*0'-^CD
kO
h-i^
w
ooo
CpGCOGO
QDon
(ico
16-1,626
179,000
95,000
25,000
332,806
78,658
«,»^:
ocdc-Oob
00
CDQOCOD
a5
CtCD
OOOD
to
&>:
CD
QDOQD
ocOqd
ocoo
coco
00 oo
OLOD
00^
1.267
199,000
80,000
18,000
244,479
23,761
4,l5l
58,UO0 bales.
H>
CO 00
6,822
229,000
18,000
178. HOO
219,000
29,000
Total visible supply
Price Mid. Upl., Liverpool
Price Mid. Lpl., New York
a*:
OS
03
0000
253,000
60,000
19,000
5
2
^
Oct-*
00^
O)
219.000
125,000
29.000
343,268
110,234
1,971,321 1,147,773 1,095,691 1,209,486
Total East lndia,&c
Oi
Total
OOOJ
300
17,00O
724.000
1,814.900 1,338,700 1,172,900 1,031.000
Anjer.cott'iiafloatfor Europe.
Egyi)t,Brazil.Ac.,alltforE'r'pe
Total American
Jlaai Imlia/i, Brazil, <tc.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
OCK
Oi
QCOD
^
6.P:
GO
QDOOO
I
39^,700
602,900
..
United States stock
Dnited Stales interior stocks..
Dnlled States exports to-day.
©>•:
I
1
lotal Continental stocks
bales.
Oouliiieiitalslocks
Aiuericau afloat for Europe...
ts>
&r:
23,000
110,000
5,000
68,000
16,000
1 1,000
4.000
38,000
14,000
400
600
164,000
4,000
70,000
5,000
7,000
Liverpool stock
<I
CJ'O
I
874,000
2,300
43,300
20,000
Total visilile supply
2.648,224 1,851,473 1,742,591 1,741.486
Of theabove, thetotalsof American anaother descriptions are as follows:
OOOCOQp
OOCXCOD
lb. 1^1
946,900
3,500
98,000
7,000
2O0
6,000
176,000
4,000
81,000
10,000
7,000
188?.
707,000'
CJ«U<
w:
®
I
Total GreatBritain stock. 1,212,000
Stock at Hanibiu'g
4,500
Stock atBremen
142,000
Stock at Amsterdam
20,000
Stock at Rotterdam
400
Stock at Antwerp
9,000
Stock at Havre
261,000
Stock at Marseilles
10,000
Stock at Barcelona
111,000
Stock atUCLJ.
11,000
Stock at Taeste
34,000
Stock lu United State.s ports ..
Stork in U. 8, interior towns..
United States exports to-day.
o
0000
0000
coco
00 CI
1889.
860,000
14,000
bales. 1,194,000
IndiacottonatloatforEurope.
so
tootr
•1
UK)
1890.
935,000
11,000
^
Stock
at Liverpool
Stock at London
Total European stocks..
o a*>o
n tec
0000
1891.
18,000
„^
<
°?
5
0=05
[Vou LU.
it
the exports of
FWday
only.
Ki ;
^ ui
tC
^1 OS
»fc
O)
X X o«
^iCi
'•
I
Ot
XO
c."
o
01 ;
w
M
OM
QitCCO*-'?'-
'
1*^
C :'.D
towI-J-^a?
CC tC
i-*
<lCOWCOCn< O'CO
|t».
MtDiocsoi;
W>
to
COCC>
bO •
CC.
W CO
XX
KC-.
LttiiisvUlp UeiireH "net" i« both years.
tl.HBt year's tljrures are for Griffin.
*
J
Tliifl
year's flsurea eBtimated.
totals show that the old interior stocks hp\e
decreased during the week 10,775 bales, and are to-night 85.354
boles viore than at the same period last year. The receipts at
the same towns have been 8,914 bales 7nore than the same
week last year, and since Sept. 1 the receipts at all the towns
axe 686,569 bales more than for the same time iu 1889-90.
The above
3vvT
THE CHRONICLK
18. 1891.]
Quotations fok Middi.ino Ootton at Othkh Mahkktn,—
Below we give clonini; quotations of middlinb outton at Southern and other princiiial ootton market* for each day of the week
oi/wwo QDOTAnoira roB MiDDLnw oorTOK
Wefk ending
June 12.
ifon.
Batur.
OalveBUm...
New Orleans
Mobile
8>4
8*4
Buvaiinah...
ChiirteHton.
WlllulllKtOD.
8V
.
SH
8S»
8^
»\
Norfolk.
BoKlon
Kiilliiiiore...
8%
e\
9>4
8>a
Phllailelplila
AuKO!<ta..
8>4
83b
..
IS<e*,
Wedn*t.
8>,.
8>4
8»18
8>a
e>4
SVt
838
8>4
838
8\
S\
8^
8\
9>4
9>8
on.-
n*in.
m.
8V(
9U
Louis
til9
8>«
8>i4
Clurluiiatl
Louisville.
8V
..
I5i"
8<i
8'«
lis
8'8
8''9
..
8^9
8'8
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
8>s UltleRock
8
MuntKomery
Ckiluiubus. Oa.
.
Columbus. M188
Bufaula
74i
7'8
7\ Newberry
7^ KiilelKb
.
Naahvllle
Natchez..,
7!>8
838>«
8V|
Selins
8
Bhreveport
8
7«e
....
Receipts From the Plantations.— The following tabU
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
oonsuniption; they are simply a statement of the weeklj
movement from the plantations of that part of the crop whicl
flnally reaches the market through the outports.
ReettpU at t*« PorU. 3t*kat Inttrior Tbiim*. Rec'ptt from Planffu
Wttk
Jndtnfl—
M>T
"
••
"
1888.
1890.
16,406
11,509
18,883
8
22.411
15
22
1S,187
«0
7.890
Jane
o
"
12.
8.74S
...
1881.
44.773
62.619
88.591
8,77« 33.082
4.487 80.886
4.885' 87,80S
8.710
e.l88
1890.
1889.
66.445
48.618
14.184
88.418
81,708
26.092
The above statement shows:
1.
1881.
1889.
1890.
1881.
1
26S83
68,905 188,781
8.688
44.168,175.706
S8,07S 158,059
6.861
8.318
7.787
20.815
33.608 U2.695
1.808
4.211
17.718
31,131 131.781
6
2.110
20.082
6.446
28.133
4t«
«6.68e 118.78S
16.3
—That the total receipts from
the plantations since September 1, 1890, are 6,917.388 bales; ir
1889-90 were 5.78r>,536 bales; in 1888-89 were 5,493,116 bales,
8.
That, although the receipts at the outports the past week
ware 27.303 bales, the actual movement from plantations was
only 15,307 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 486 bales and for 1889 they were
—
— bales.
Overland Movement for the Week and since Sept. 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
week
ending
June 12
monthly statements. The results for the
and since Sept. 1 in the last two years are as follows:
1889-90.
1890-91.
June
12.
Week.
Shtpprd—
Vli St Louis
Via
Via
Via
Via
Via
Via
7,590
1,517
Cairo
Hannibal
Evansvllle
LouiaviHe
Clnciunati
other routes,
"206
1,013
1,559
&o
888
Total KTOBR OTerland
1.
650,169
294,198
85,192
27,240
204.540
175,839
145,607
movement
1.
2.185
626,367
598
309,.i6.i
649
12-2.1 8-2
862
451
213,673
157,573
5H,7h8
20,730
4,745 1,408,875
354,038
4,518
574,917
3,609
625,531
8,249 1,007,768
by rail to Canada.
936
883,324
56,."iBO
114,953
The foregoing shows that the week's net overland movemen t
this year has been 8,249 bales, against 936 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 124,444 bales.
1890-91.
1889-90.
In Bight and Spinner^
Taking*.
Receipts at ports to June 12
Netoverland to June 12
Southern consumption to Jime 12
Total marketed
Interior stocks in excesa.
Came
Into sl<;ht during week.
Total in siKht June 12
Week.
1
•
ing rapidly and the outlook in mora pmmiaiiig than harUa
Blooms are reported at points in the Oalf Stataa.
fore.
Oatvexton, Textu.—Vfe bare had dry weather all tha waak.
The thermometer has averagad 78, ranging from 70 to 86.
Palutine, TVaro*.—Crop* are very fine. We have had Rood
shower* on three day* of the week, the rainfall reachtng
inch and three hiindrerlthn. The tbartnometer baa
from 60 to 93. averaging 76.
UuntKfille. Texas.— U turn been Rhowery on two dava ot tba
week, the preoipilatinn reaching fifty-three hundradtb* of an
Average thenaomatar 77,
inch. Crops look very promising.
highest 94 and lowest 60,
DalUu, Texat. Oood rains on three days of tbo week hara
extendecl far in every dircoiion. Cropeof both com and ootton throughout the State never promised better. The rainfall
here has been one inch and fourteen hiindre<lths. The thermometer has averaged 80, the highest being 94 and tbe
lowest 66.
San Antonio, Texat.— It has rained oplendidly on two dar*
of the week, to the extent of ninety-one hundredths of aa iaoa.
Crops arc magnificent. The thermometer has averaged 78,
ranging from 62 to 94.
Luting, Texas.— There has been hard rain on one day of tba
week, just as neede<l, the precipitation reaching ninety-nine
hundredths of an inch.
Crop prospor-ts are splendid and
The thermometer has tanged
fields are unusually clean.
from 64 to 96, averaging 80.
Columbia, Texas. There has been no rain all the week.
Average thermometer 80, highest 94 and lowest 66.
Cuero, Texas. Cotton and com are very promising. It has
rained magnificently on two days of the week, the rainfall
being one inch and ififty-four hundredths. The thermometer
has averaged 81, the highest being 98 and the lowest 64.
Brenham, Texas.— There have been splendid rains on three
day of the week, greatly benefitting cotton and securing the
com crop. The precipitation reached one inch and seventytwo hundredths. The thermometer has averaged 80, ranging
from 65 to 95.
have had beneBelton, Texas. Crops are very fine.
ficial rain on one day of the weelf, the rainfall being oneinoh
and twenty hundredths. The thermometer has ranged from 08
Since
Sept.
1.
27.303 6.811.216
8.249 1,007.768,
7,000 506,000
42,552 8,824.984
ll,l»96
106,172
Week.
Since
Sept.
1.
4.8«5'5,771,2n8
h36 883.324
7,000
453,000
12.821 7.107.622
'4,449
14.238
7,372
30,556
8,431,156
—
—
—
—
to 94. averaging 76.
Weatherford, Texas.— It has rained heavily on two days of
the week, but doing much good. Crops look very promising.
The precipitation reached two inches and ninety hundredtlw.
Average thermometer 79, highest 96, lowest 62.
iVeto Orleans, /youistana.— We have had rain on four days
of the week. The thermometer has average 80.
Shretjeport, LouvHana.—'We have had rain on three days of
the week, the precipitation reaching twenty-five hondredth*
of an inch. The thermometer has averaged 79 and ranged
from 62 to 93.
ColuvUniK, Mississippi. There has been rain on five days of
the week, the rainfall reaching three inches and sixty hundredths. The thermometer has ranged from 65 to 98, averaging 79.
Leland, Mississippi. It has rained on four days during the
week to the extent of one inch and sixty-nine hundredths.
Average thermometer 77-7, highest 92 and lowest 65,
Little Rock, /4rfcajMa8.— Moderate rains have fallen on four
days ot the past week, to the extent of ninetj-two hundredths
of an inch. The rain was needed and there are some localThe thermometer
ties in this district that are still suffering.
has averaged 75, the highest being 89 and the lowest 64.
Helena. Arkansas.— There have been fine showers on three
days of the past week, greatly benefitting crops. The thermometer has ranged from 64 to 84, averaging 77.
Memphis. Tennessee.— The weather is warm and cotton is
growing rapidly. Rain has fallen on fotir days of the week,
and it has been general throughout the Memphis district.
The precipitation reached one inch and twenty-four hundredths. Average thermometer 77. highest 93, lowest 64.
Nashville, Tennessee—y^e have had rain on six days of tha
week, the rainfall reaching four inches and fortvsix hundredths. The thermometer has averaged 78, the higheat being
92 and the lowest 64.
Mobile, Alnhnma.— We have had rain on two days of the
week, the rainfall reaching one inch and ninety-eight hundredths. There have been bounteous rains througnoot tha
interior and the crops are developing splendidly. Average
thermometer 78, hiRhest 94, lowest 64.
Montgomery. Alalmma.—Croim of both cotton and oom ato
doing splendidly. There are plenty of bloom'). It baa rainad
on five days of' the week, the rainfall l>oinK two incbea aad
The thermometer lias averaged 8i,
fifty-three" hundredths.
—
7,121,860
ranging from 65 to 99.
j
_« i„
Selma, .^Jaboma.— We have had rain on three day* of the
The rain waa very
week, the rainfall reaching one inch.
beneficial to crops and some blooms are be^nning to
to w, averagappear. The thermometer has ranged from
M
ing
Horth'n spin nergtttk'gs to J' ne 12
• Lobs in stock during weekl
We
—
Sittee
Sept.
2,544
19
1,246
616
total net overland*..
Including
Week.
1,034
,
•
Sept.
361,062
111,009
102,846
2,868
Inland, &c. from South
LeavlnK
Since
12,767 1,592,685
Stflurl shi}?ments-Overland to N. Y., Boston, 4o..
Between interior towns
Wbathkr RipoKTa rr TuatNUTB.- Oar advioM by UURTftph from the Soath tonixM are
• ml* of a rrry unrcnThere baa bun aa ImproTMaent in Ibe waatfctr
ble tenor.
conditionii almost evMywhere, neeoad raina havinff fallaa and
the tcmporatnre ranging high. In eonaaqaanoa ooMoo ia groif^
<
B'l*
Meiiiplila...
Bt.
>N)5
1,719.487
80.
_,
_,
Auburn, Alabama.— Telegram not received.
Madison. Florida.—Cotton is looking fairly well, bntnnnWe have bad rain osi six
It will be seen by the above that there has come into sight ers complain of too much rain.
during the week 30,.556 bales, against 7,372 bales for the days of the week, the precipitation reaching three inchea and
same week of 1890, and that the increase in amount in sight sixty hundredths. The ;thermo meter tbas averaged 80, i*ng^
-to-night as compared with last year is 1,309,296 bales.
ing frem 69 to (8.
1,913,8911
—
THE CHRONICLK
90R
ivou Ln.
—
Weather Record for May.
Below we give the rainColumbtis, Oeorgia.— There has been rain on four days of
fall and thermometer record for the
month of May and
the week, to the extent of eighty-six hundredths of an inch.
previous months of this year and the two preceding years.
The thermometer has ranged from 68 to 88, averaging 78.
Savannah, Oeorgia. The weather has been warm during The figures are from the records of the Signal Service Bureau,
the week with rain on three days, to the extent of one inch except at points where they have no station, and at those
and thirteen hundredths. Average thermometer 78, highest points they are from records kept by our own agents.
94, lowest 68.
Augusta, Oeorgia. The weather has been warm and cloudy Thtrmomettr
during the week, with general rains on six days to the extent
of three inches and eighty-five hundredths. The crop, taking
VIROINIA
into account its lateness and present status, is fully fifteen per Horfolk.—
Highest...
thermometer
has
cent less favorable than last season. The
Lowest...
AreroKe..
averaged 77, the highest being 98 and the lowest 65.
Charleston, South Carolina.— We have had rain on three N.CAR'LA.
ranged
from
66
to
WUmin^ftondays of the week. The thermometer has
Highest.
89, averaging 78.
Lowest....
Average...
Stateburg, South Carolina.— It has rained lightly on five
fVeldon.—
eighty-two
hundredths
reaching
rainfall
days of the week, the
Highest...
Lowest
of "an inch. Grass is troublesome in some places. The therAverage...
mometer has averaged 73-6, ranging from 62-3 to 98.
Oharlotte—
Highest.
Wilson, North Carolina. Rain has fallen on two days of
Lowest...
the week, to the extent of one inch and eight hundredths.
Averaj^e...
(VUson—
Average thermometer 71, highest 85, lowest 61.
Highest...
The following statement we have also received by telegraph,
Lowest.
Average..
showing the height of the rivers at the points named at 8
—
—
.
—
—
.
June
o'clock
and June
11, 1891,
12, 1890.
Junell,
New Orleans
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark
Above low-water mark.
Hempbis
Nashville
Bbreveport
Vloksburg
June 12, '9a
'91.
UoTfjatUon
Highest...
Lowest...
Average..
CAROL'
Feel.
Feel.
8.
69
130
Oharleaton.-
130
Highest..
Lowest...
Average..
19-2
5-8
6-3
11-4
18-3
19-8
39-6
—
StatebuTQ.
Highest...
Lowest
—
iHDiA Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 11.
BOMBAY RECEIPTS ADD SHIPMENTS FOB FOUB YEABS.
.
.
Average..
Oolumbia—
Highest...
Lowest...
Average
.
OBOROIA.
Aumuta.—
Shipments
Tear Oreat ContiBnt'n.
Shipments since Jan.
this week.
nent.
Great
Total. Britain
Continent.
Highest...
Receipts.
1,
This
Week.
Toua.
Lowest
Since
Jan.
1.
Average..
Atlanta.—
Highest...
Lowest
1891 2,000 6.000 8.000 86.000
1890 17.000 11,000 28.000 303.000
1889 1 3.000 18,000 :U,000 313,000
1888 5,000 17.000 2'.i,000 181,000
t 'tiipments
Great
£rt(ai».l
Shipments since January
for the week.
Cmitinent.
\
797.000 883.000 47,000 1.614.000
914,000 1,217,000 50,000 1,755.000
786,000 1,1^9.000 31,000 1,525,000
547,000 728,000 26.000 1,194.000
BIghest..
Lowest
Average...
Oolumbiu.—
Highest.
.
Lowest
Great
Britain.
Total.
1,
Average...
Savannah.—
Continent.
Total.
Average..
Rom^.—
Highest.
1890
2 ,000
2,'o6d
Uadras—
18.000
23,000
37,000
68,000
55,000
91,000
4,000
5,000
2,000
5,000
6,000
10,000
15,000
16,000
12,000
18,000
27,000
34,000
37.000
44,000
51.000
91,000
88.000
135,000
Average...
tOTifytti.—
Highest...
Lowest
1891
1890
All others1891
1890
Total
..
Lowest
Oalcutta—
1891
Average...
FLOKIUA.
JackaonvUle.
Highest...
Lowest....
Average...
lampa.—
aU-
Uigbest.
1891
1890
2",000
2,000
EXPORTS TO EUBOPE FBOM ALL INDIA,
..
Lowest
AverMge...
Lake City—.
HUrhesi...
Lowest
Average...
1891.
1890.
lUwmtUe-
1889.
Hlshesc...
Shinnyents
to all
Thu
Europe
from—
Bombay
8.000
AU other ports.
Total..
.
8,000
111
This
week.
Since
Jan.
week.
1.
This
week.
Since
Jan.
1.
Since
Jan.
1
883.000
88,000
28,000 1,217,000
2,000
135.000
31,000 1,129,000
114.000
971.000
30,000 1,352,000
31,000 1,243,000
.
.
.
•
Highest
Lowest.
.
Average..
ALABA.V1A
SAuntv/m'y.—
Highest..
Lowest
ALEXANDBIA BECEIPT8 AND SHIPMENTS.
Average..
Uohlle.Highest..
Alexandria, Egypt,
June
Lowest
Average
2dUahas$e€
10.
Keceipts (cantars*)
This week
Since Sept. 1.
1890-91.
1889-90.
1888-89.
3.000
4,007,000
1,000
3,152,000
1,000
2,721,000
Lowest
Average..
Selma—
HUlhest...
Lowest.
.
Average...
Auburn—
Hhrhest.
This
Since
week. Sept. 1.
This
Sitice
Keek. Sept. 1.
This
Sitice
week. Sept. 1.
2.000 277.000
4,000 225,000
3.000 261.000
2.000 136.000
222.000
3,6b6 154.000
6.000 502,000
5,000 417,000
3,000 376,000
UlKbest...
A oantar Is 98 pounds.
Manchester Market.—Our report received by cable to-night
Qr'ACoUau-
S. OrUana.-
To Liverpool
To Continent
Total Europe
'
from Manchester states that the market is easy for both yarns
and shirtings at the reduction. Stocks of both goods and
We give the prices for
yams are accumulating.
and leave thobe
for previous
weeks of
this
Blghest..
Lowest
Average..
Shreiepurt,—
Lowest
average...
—
uighest.
Lowest
...
Average...
Uberty urn—
Highest....
Lowest
Average..
UlSSlSS'i'i.
lolumbus.—
Highest...
1891.
32» Cop.
6H
Twist.
d.
719 tfT^a
15 Ti o7»8
" 22
" 29 7>e it7H
J'ne 5 7i,„«7",„
12 7
a7>s
'•
to-day below,
last year for
and
comparison:
Mays
Average...
UOUIS'NA
B tports (bales)—
d.
.
Lowest
Oott'n
lbs.
Shirtings.
s.
d.
B.
d.
5 10 '3610
5 10 »fi 10
...Holiday ...
5 10
6 10
6 10 *6 10
5
91a
Lowest ...
Average ..
1890.
Hid.
Vptds
d.
8I4 lbs.
Shirtings.
32« Cop.
Twist.
d.
d.
H.
4H,.> STi^'asn,. 6
413,„ 87,g»8", 6
6
81s a8''a
8i« OS's
6
41*
6
31s tfS's
-6 9>a 4»8
S'luaSi^iKie
d.
4
4
Cott'n
Hid.
Vptds
9icHMtturg—
Highest.
.
Lowest
.
.
Average...
tUvnA—
s.
d.
37 4
a?
41s 117
3is(«7
4i9''7
41837
d.
6',a
61a
41s' 6»,e
4
4>s|
ml
6i>8
41s' ei«
Highest....
I.nwest....
Ave -age.
Missiavei.
Ci'i»"i£*dal<—
—
Highest...
Lowest
A venure.
JDMB
THE CHRONICLE.
18, 1801.]
Ma'C*.
februnry.
IMl 18W.
1>«>V
Arry.
|l
18»1. 1880. loav
Miw
\\
IW«
ia»i. idwo.
1881.
•
TWO 7«H)
WIO 17
510 tfl
78(1
..
Lovul.... Wi'O
i«H
Ararmic*..
BiltnaHlvamt... ^«o
Lowest ... VfU
Avflratfo.-
mw)
7H-0
70-0
88-0
14-0
KI-0
4ro
00-8
70-0
iw-u
IM-O
IS-ll
48-6
ftl'8
43-0
WO
80-l>
7H-0
7»-0
7iJ-0
TB-O
81-0
68-g
»n>
t»7 »t»
7*0
R-8-0
wn)
60-iJ
8O0
•as
88HI
83-0
8«'0
6U-4
8O-0
171]
81-0
m-fl
am
80-0
sa-n
4<V«
•I'M
Hti>
48-0
•8-7
88->'
43-(
88-0
88-0
•1-0
871
481
4ru
•re
u-o
Lowest ....
Ml
ATarmid...
70
III'O
18-0
IS-fl
4ftU
»C7
4ft'
60-0
m-o
880
l>8'7
Ktmrall.ln
ll*ya raln«
nu
Si- (I
7U'U
4811
•0-0
88-ij
9T0
460 480
WO
88-0
48-0
««'•
sat
I.:ik4b4rd.
4«''i
Arermge..
—
UlKbest...
TB-O
770
70-0
DDM
«»0
88-1)
IH-O
W»-4
4»'0
ATerftse...
HiKhost...
78-0
18-0
46-0
760
81-0
»-\a
17-(l
47-7
51-4
4I-4
4S-()
4V'a
7i-(l
7V0
BK-O
ea-o
7(1-0
mo
Lowest
Areruge...
«rj
810
440
TWO 77^
AVd »H0 iro
74-()
Athvmnd.—
4BU
40-0
8«-7
88-0
IM-O
u-u
3'i'O
18-0
47a 800
Stt-S
480
48-7
78-0
88-U
880
31-1)1
88-0
81-0
5U-4
ai-0
otv ifU
SS'O
wo
87
88
88-0
650
eo-u
81 -n
870 40D
•6-0
raliu.
D«ri miB..
8*0
480
•l-O
Oil
SU'l
8*8
TKNSB4'B.
8101
800
81-0
87D
88-0
8>-0l
40
68-'
86-6
880
480 480
880 a}'5
.Vm»'.iu«.lUinfall.ln
l>ars rain„
88-0
84-1
88-0
8S-0
7S-0
S7-0
BU-b
80-0
600
HS-fl
31-0! Stf'O
89-0
88-0| 43-J
883 88-3
Halnfall.ln
Days rain
7.V0
a»-n
7H-0
18-0
47-8
itrc
00-1
8811
Bl-H
84-
BTD
8»a
73-U
83-0
47-7
880
ai-ft
61-8
•1-8
•5-3
HiKhest....
75-0
7»-(l
(wn
74-0
7»-(l
81
8J-0
4i-0
370
4S-(:
Hl-fl
4t(-U
81-0
Lowest...
6rt-u
790
6*0
570
iV«
(13-7
B3»
5H-5
88-9
88-^
•iru
6»-»
S8-0
80-0
73-8
81-0,
Avenwe.
Tl-O
80-"
8<-l
78D
78-7
Days
HS-0
21(1
81-0
HO-0
81-0
HT-(I
»t^-
87-0
85-0
89-o'
ao-0
5»-0
a-1-0
57-;<
3-41I
4il'U
6t)-0
am
50-0
SrO
8^-.i
48-0
88-8
60-0
880
4aO
Hslnfall.ln
lirii
MO
5*0
HlKtaest...
Sl-i
8Tn
Lowest
ai'
Arerace...
570 80
ai-0
5
Autin-
«••
50-4
58-8
87-4
675
81-0
H»n
80-a
tlU-0
8*f
M-i
8-4-a
89-I)
400
KB-O
4511
5tf-8
B-J-U
850
41-U
....'
89-P
47-0
8<t«
....
....
Harcli
February.
I8»l. 1890. liiBS.
1891
Days rain..
1-99
11
18
Balnfall.lQ
Ralnfall.ln
riitn..
OVlarlo(t«—
Ralnfall.lo
Days rain..
1-25
1-64
14
18
809
4-08
7-58
1-8S
3-70
ll-W
8-6-
9
18
11
11
8
15
15
18
303
4-88
11
16
8-95
4-6«
10
3-53
7
3-63
11
4-69
7
8-14
11
8-49
7
811
8
6-68
ri7
4-80
11
7
0-98
18
1-28
4-9.
6
IS
307
1-66
5-47
14
6
11
3-70
t-58
4-20
IS
8
8-71
13
8-BD
15
5-15
12
1-50
11
8-30
5-07
80
13
11-13
17
1-15
S-73
13
5
7
8-87
12
1-82
S-S8
8-88
WOton—
Kalnfall.in
5-57'
5-08
11
IDS 4-58
16
17
18
3-84
215
7
7
8-59
18
2-34
8-80
8-79
8
813
5-88
8
8
4-31
10
9-34
14
ro5 848
IS
18
7-58
ro7
2-79
9
18
13
4
....
8-93
6-49
6
5-89
7
9
10
3-69
4-50
4-83
808
14
V
6
10
5
1-C3
2-37
6
8-39
14
8-60
3-37
2-48
8-no
7
8
9
6
5-47
12
1-78
11
7-49
7-82
15
7
1.88
B-Tfi
7
10
3-36
11
6-8X
10-16
19
8
30
8-33
la
1-08
7
8-98
14
608
4-83
8-88
10
a
4»5
rain..
7-80
Jl
8
8
8
4
8
3
6
6
6
8
Balnfall.ln
8-n
4-89
••74
18-49
866
2-48
1-45
1-80
8-58
8-88
rsi
1-98
16
9
8
13
8
8
5
6
8
8
12
6
0-83
0-Sl
3-88
15
4-02
1-38
1-79
0-96
8-96
0-51
»
a
8
8
8-78
10
9-80
IS
2-89
10
li)
7
3-83
11
3-84
0-91
2-07
Sl-77
0-65
1-47
0-89
0-00
8
6
10
4
8
4
4-49
15
1-57
9'B>
6
4
0-83
4
Bslnfall.lD
rain.
Days
18
'.'.'.'.
10
CAROL'
ruin..
801 25«
Ralnfiill.ln
r»in..
ruin..
8
5
1-07
8-13
8S0
8
11
a
*Vt
4-17
10
18
0-(5
7
4-57
7
6-88
11
1-03
3-17
10
8-8 i
818
la
7
1-87
11
8-13
0-35
13
4
6-10
5
8-81
8-f«
1-04
8
10
8
8-26
1-88
330
1-85
7
3-63
3-97
1-21
2-78
9
9
5
7
6-99
18
8-80
3-44
120
4
2-19
7
1-61
6
6
8-44
S-06
2-78
0-ri
8-S8
2-71
18
10
7
4
8
5
2-48
1-S8
!1M
8-54
6
J5
368
3-91
i-ns
3-38
18
3-75
IS
9
6
3
7
7D6
8-90
4-02
S.51
6
7
6
3
3
4
4-89
6-46
6-lS
S-4S
2-75
8-45
11
093
8-85, 8-87
18
6
18
[
Colwnbta,—
Ralnfall.ln
2-41
18
BtaUburtt—
GKOKGIA.
Auaiuta.Ralnfall.ln
Days
rain..
AtXanta.Balntall.ln
Days
rain..
flawifiTWh.—
Balnfall.ie
Days
rain..
8-18
18
13
(ToltimMu.—
Ralnfall.ln
Days rain..
BOTM.—
Ralnfall.ln
Days
Days
rain..
8
0-78 8-84
6
3
FLORIDA.
/ocfcsoninlle-
Ralnfall.ln
Days rain..
Tampa.Ralnfall.ln
Days
rain..
to)t« CU\jRalnlall.lr
8
8
0-9«
0-67
4
7
10
.
Days rain..
TttMtvUU-
1-28
0-68
8
3
....
4-88
3-54
8-17
1-58
9
8
8
6
4-43
8-84
1-67
6
6-49
14
8
8
7
1-9S
8-76
8-86
6-18
4-85
3-75
9
4
6
8
6
8-43
.1-43
8-49
9^78
BalnfalUlD
1-86
0-83
Days rain..
la
KalnfalLlr.
Days rain..
laHokoiisM—
115 8-60
4
4-41
la
4
0-W
8-00
8
•
8-85
4
0-86
3-90
4
2
8
s-ts
8-86
1-98
187
3-18
15
4
079
2-48 15-14
80
18
6
3-X9
OHO 1*86
U
8
8
MonVlom'y.Balnfall.in
Days rain..
UobOt.Ralnfall.ln
Mmo-
rain..
Ralnfall.ln
Days
rain..
18
10
10
19
4J5«
8-»8
4-84
818 848
19
6
10
8-98
18
1007
••88
S^TS
THe
8-79
14
6
8
8-88
5-79
Jl
Avinvm—
Kalnfal'.ln ll'SO
Days rain.. 13
11
IS
5
1-36
1
10
7
7
1-88
6-60
18
2-98
8-70
0-30
183
1-98
1-85
0-87
7
9
4
7
1-46
4-39
S-82
2 15
7
6
6
8
8
6
6-96
888
8-81
2-08
l-.«
8-78
B
8
6
4
6
•
10
8-48 10-19
18
10
j
1
4
6
o
1
1-68
4-071 8-18
4
4
10
LOUIS'ANA
WnvMrleansRalnfall.ln
Days
raln..l
Ralnfall.ln
Days
rain..
8-7S
10
8-87
1-4S
irss
o-8e
8
7
6
8
4-83
10
8 OH
8-11
18
3-60
la
3-06
10
8-115
8
7-42
8-27
15
6
K-73
10
11
6-88
14
1-17
8
8-9
0-88
1-93
9
7
9
8-70
7
848 irv
11
3-82
U
6
Srd. CnltnwRalnfall.inj 8-42
Days
rain..,
IMenyHUlRalnfall.ln
Days
rain..
B-88
rss
8-17
II
18
4
SSM
4- IS
10-31
8-84
S-47
19
14
9
•i?'
r.**
9
7-91
SIM
S-7S
8-10
1-78
4'W
18
14
7
14
S-4'
II
4
IS
rs8 ris
10
8
0-as
4-38
II
8-17
1-84
7
4
B-St
II
4
8
1-90
10
It
U
16
10-34
11
2-71
7
10-S9
IS
r8i 840
«-ss
8
17
10
18
9-10
18
»7li 11-41
18
6
9-88
14
6
s-ss
II
4-SS
1-98
*9i
4-93
rsi
I-7S
8-14
:o
8
8
7
8
6
10
1-98
401
4-94
10
4-6»l
6
4-95
10
0-20
4-M
0-68
0-88
8
4
6-08
10
4
6
ri8
1-JI
s
9116
IS
»88
U
II
9
1-M
4
1^*7
a^si
8
8
I
rain..
— In
7
n•s
8-88
6-4C
I
S
8-88^ s-«r
io
Au<(t»-
8
4
10
our editorial columns will
account at length of the condition of the plant in each section
and thermometer
X^e report has been prepared in circular form and
may be had in quantity with business card printed upon them.
of the South, together with our rainfall
record.
AaRICTTLTURAL DEPARTMENT'S REPORT ON ACBEAOB. —The
Agricultural Department at Washington issned on the 10th
The followinst. its report on cotton condition and acreage.
ing is what it saya on the subject of acreage
Ihe report of thestatl-tlolan of the Department of A?r1onltar» for
Junniuakeg thrt aoreaKe la nottoa 97 7 per cent of the area or 1890,
and th" average oondl ion 85 7. Tlie reduction of area U attrtbated la
some districta to concertel contraction onaneountof Io » prices, bat
mainly dae to unfavorable conditions for planting
Ir 1.1 evident that It i
quite aoand (turoi n itlon. The record of pUntl'ig lu the Mav rep irt
ourately a hi -tor/ of the crop to the present tlmi Plautlng delayed bj
early raius, drought in the latter half of April fo lowed by continuod
:
rain..
3-85
1-6J
8-0o
3-0 i
M
4
7
8
4
6-38
4-44
l-8-J
667
5-88
7
«-97
•»
i
5
4-61
0-88 I01M
8
6
6
8
8
7
9-98
8-80
M
11-28
8-»
6-18
o
8
s-ss
n
«
8
4D» T70
6
MI8S18>P1.
OMiimJms.—
Balnfall.l.
T>..— -.'
3-8t<
8
6
0*91
8-5:
8-8I'
1-9"
4
8
8
8
4-88
1-88
4-69
\'i9
•
8
7
4
1-79^
4-W
8
in
619 41^
*
0-78
8
dr«ui;ht in .M«y, Kenninalion arrested, replanilng active, drfeotiTe
stands corrocred. are th-i fH.itur.'S of the record fre<iui-ntly aod almost
univer»a ly reporte 1. The-ie conditions were lesage.erml andoontroUThe areas as compared wltn
lnifln Texa* than In any otaer State.
Virginia 96, North Carolina
t low of last y.iHr, are given as follows:
91, Sou'h Cari>lin* 96. Ueorgla 93, Florida 99, Alabara 1 9J, Klssisalppl
Tennessee
95.
Ai
kanaas
93,
103,
Lml.iHiia
9
Texas
3,
95,
The following is the report of the Department on condition
The general oond'tlon Is the lowest for June s'noe 1974 thooghttts
only a fraotlon ower tiiao th it of 18'*3 a id i8i9. the latter a ytar of
good yield through lavorihie la-er condlttans. The State aT«raga« or
condition are Vir.rnia 78, North Caro ln» 75, 8 luth Uarolin* 80,
Qeorgta 80. Florida 90, Alabamt 89. MissUsii.pl 88. Loul'U-.a 89,
w»<
T x»8 9l, Ark«nsw89, TemB88ie7.1. Tue temperatnre of m«t
qaite too low for cotton, the ''ool nUh's chnokinif germination and r<4«onip
lo
the
lat«
lliious
iua«n
con
course
these
Of
larllng irr wita.
Tolop uent, in some pla'-os a few days. In othnrs a w. ekortwo lator
mention
of
freqjent
is
Tn<-T^
development.
early
than in weaaiina of
b 111 eUnd.1, but the const lat re-planting will redure the Ta"anctea to B
graasy.
flelds
are
and
the
ite.
necessarily
1
is
miniiuuin. Ciiltiv,it on
With the usual variailoos reaul'lng fr.im dllterenocs 1 > sol', amottnc of
re-pUntmg, and relative promytnew
managers.
l-4«
1
n
and
effiotenoy
of
plantaUon
The above statement of condition, compared with the
ports for pravioua years,
is
as follows
im-
J
:
AOBICULTDaAL DEPARTMBNT'S JOWS OOSDrTtOS »«PO«T8.
OondMnn. |l89l|l890.
1889. 1888. 1887. l88a.| l38V 188*
So.UM....
Car
So.
—
Oeorgla
ALABAMA.
Days
4-88
iri
Rainfall. in
Days
1-95
vn
.
Oharlaton—
Days
8
Cotton Acbeaoe Report.
8
rain..
tior^mton.—
II
?.•»
iuo. loeu.
H.
Dars rain.
Weidon.—
8
U
w
be found to-day our annual cotton acreage report, with an
4-Si
CAR'NA.
WUmingfn-
88)
I0«
rain..
Ralnfall.ln
D.iys rmln«
1
6-10
B-99
18
Rainfall. In'
91D 90-»
610 48-J
710 78a
VIRGINIA.
Byrfolk.—
Ramrall.ln
r44
8
S-80
10
T«7
t-S4
10
TBXA8.
1
1891. lauo 1<mW.
18
9-SO
to
tUlnfalMn 7*8
Days rain..
PaUtlint—
Mil.
~"^
1
1881. 189U. 1889.
4-S8
10
U u
Austin-
Dars
IMnna.
»88 r77
7
Kalnfall.ln
Apr«.
••II
I
78-3, 70-8
j
7»-n
iifS
&t'4
•T
;
4sM0oo(.—
Dan
.
••IS
18
1-48
tUinfalLIni 4-07 a- 13
Days raln..> 16
IS
IHlP
Lowest
Arenwe...
•'41
MsmvMs.-
4if6
aw. 880
IS
0-T6
.
7S-0
TBXA8.
S-9*
l>—
81-0
46-0
88 8
4 TO
18
lUiarall.lo
Iwt Smi
41-0
81-8
81-0
•18
lamMl.la
.
Days
n
lo-so
18
IS
ARK'NBAS.
Avflratie...
B.
0.
T
»
4»I{'N8A8.
IMUt Hock^
Lowest
Days
Mse.
16*88
II
t-os
*.T
830
Hflfl
8-35 10-10
4-78
8
ri rain.
H,fO
88-0
•l-H
88-0
83-0
68-U
8-74
tilatall.ln
D
78-(l
Dars
iisi.
10
408
'^Iar(c44'il«—
78-0
9-0
HiKbest.
IMM.
•«4 (VBI
HsiOfall.la
l)4rs rain..
D*«e
Lowest
Aiut%n.—
Highest.
1881. I888.
-
880
K.
SaihviUt.HlKhest.
Lowest
>»•.
87-H
si»-o
•4-.'
Smith'
HtKhesl...
THNNKd
1881. ItMU
i8aa.
MHSU'PI.
LUlU Roek,-
i\)rt
A9f,
Mmntt.
fUnt/<Wl.
low
AHKANS's
Hlilhwl.
907
. .
Florida
Alabama..
Mississippi
Louisiana.
Texas
Arkansas..
Tennessee.
Ayfra<». "JvT
88 8 ~a^*,
88 a
91
9|
»8"7
iva for all ths State} is tha
The average given ab
given by the Department.
averajs
M
Jute Botts, Baooino, &a—The demind for jute bagging,
seawn of the year, ia very li.cht, the abiorptiMl
requirements
bv manufacturers boing B:overaKl by actu J
as uiual at this
•£
Quotations to-niglit are 5 '^c. '?r.l?^ '<>,'•. J^."; '"' 'J*^
6^c. for 9tand.ird gra ies. -.ut it w Ukely th»t for »rf P""*"
for juie bttttt to
thise figures would be shaded. The market
for
without feature at I'Uo. for paper graifls and IJ^o.
bagging quality.
THE
908
HRONICLEL
(
—
Wed., June 10.
Bhippinq News. The exports of cotton from the Uniteo
States the past week, as per latest mail returns, have reached
40,613 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York wf
laclude the manifests of all vessels cleared up to Thursday.
Total bales.
Liverpool, per steamers Aleatla, 1.106
York,
Bothnia. 1,979
Brltanulo, 1, 950.... City of New
8,267
93....KoEse. l,831....Seivla,71....Wi80onBin,l,237
768
To Havre, per steamer La Gaacogne, 768
Havel,
To Bremen, per steamers Elbe, 900... .Eme, 706
439
To Hamburg, per steamer Suevla. 146
To Amsterdam, per steamer Dldam, 100
To Antwert*, per steamer Nederland. 644
To Barcelona, per steamer Burgundia. 100
Raw Orleans—To Liverpool, per sieaiuers Dalton. 3,700 ..
Edenmore, 2.488. ...GaUego, 4,293 ...Wm.
2,045
116
K'O
644
100
48
1,124
450
8H3
2,354
599
40.613
Hon.
Tim*.
»SI.
^sa
->•
..••
....
'8.
'»»
'S2
'sa
— ..
..-•
....
....
»S«
•21
»ss
»3i!
..*•
....
.—
H
»•
Do
saU
^
Bremen, steam., e.
Indlreot.e.
Do via lndlreot.d.
....
Amif d'm, steam, c 27
Do Indirect.. (t
....
d.
'i«
saU
d.
Baroelona,8team d.
Qenoa, steam .. .4.
Ha
*y.
Saa
333
....
t^a
'.a
...
»83
-.,.
»3a
....
H
>9
-—
H
....
27J«-
27ia«
27>«*
....
....
....
ha
h»
'18
3l«
M
H
>4
H
s.ia
=32
271a*
Do
27 1«*
Trieste, steam... d.
)4
H
<^sa
"32
'»e4
*«4
hi
.-..
63J
i».t
63a
l'«4
"84
"64
'»84
6«4
l>M
"64
'84
"84
sales, stocks. &o., at that port.
May
week
Aotual export
Forwarded
Total stock— Estimated
01 which Amerloan— Estlm'd
Total Import of the week......
May
22
29.
June
5.
26,000
bales
Of which exporters took
Of which speculators took . .
Bales American
afloat
Of which American
June 12
43,000
3,300
2.100
37.000
7,000
56,000
1,194,000
9i 5.000
58,000
47,00c
80,OCO
B5,OfO
800
2,300
18,000
9,000
48,000
1,215,000
Of which Amerloan. .........
978,000
65,000
58,000
105,000
90.000
_,The tone of the Liverpool market for spots and futures eai h
d»y of the week ending June 13, and the daily closing pric' s
of spot cotton, have been as follows:
Saturday Monday. Tutiday.
Spot.
1:45
(
p. M.
Dull and
easier.
iaiet and
irregular.
I
4^
Hld.Upl'dB.
Ba'ei.....
BpH). Aexp.
Wednet. Thurtd'y.
Friaay,
Dull and In bnyera
Irregular.
(aTor.
Steady.
4»8
4iiie
411,
4»8
4«B
5,000
8,000
6,000
8,000
10,000
500
900
500
500
500
10.000
3,030
}
1:45 p. H.|
4 34
4 38
4 41
4 45
4 39
4 43
4 47
4 50
4 43
4 46
4 48
4 43
4 46
4 46
4 48
448
4 63
4 65
4 67
4 49
150
4 49
4 51
453
4 62
4 64
4 60
4 52
463 454
4 56
4 53
4 51
4 52
4 54
4 61
4 51
4 68
4 56
4 67
4 66
468 458
4 67
4 5T
.
Sept.-0ct... 4 47
Oet..NoT.,
4 48
NoT.-Dec... 4 52
Dec-Jan
4 55
Jan.-F»b.... 4 87
rab.-Meh... 4 58
.
Quiet.
Barely
steady at
1414 adT.
Weak
Sasyat
Steady a
1.04 decline.
1.84 ad-
1-64® 2.64
Sasy at
2-84 de-
vance.
decline.
cline.
at
4 3S
4 32
4 37
4 43
4 43
4 47
4 47
4 60
4 53
4 56
4 67
4 60
4 36
442
4 42
44;
4 46
4 48
4 52
4 55
4 67
4 68
4 34
4 38
4
p.
M.
I
Easy.
Steady.
Qnlat.
{
Open High Low,
d.
d.
4 83 4 86
Jane
Jane-July... 436 4 86
July- Aug... 4 42 4 42
August. .. 4 47 4 47
Aug.-Sept
4 47 4 4T
September. 4 62 4 62
Bept.-Oct... 4 61 4 62
Oct.-Nov.... 4 65 4 56
NoT.-Dec... 4 57 4 68
Dec. -J an.,.. 4 60 4 30
Jan.-Feb,... 4 62 4 62
Feb.-Mch... 600 SOO
.
d.
Open
Hitii
Low.
OTo».
It.
d.
d.
d.
d.
4 33
4 38
484
434
4 35
439
4 89
4 46
4 86
4 42
4 47
4 61
4 65
4 67
4 68
460
4 60
4 62
6 00
600
Tnea.,
d.
4 47
4 52
4 52
4 66
4 62
Jnne8.
OlOJ.
486 4S«
4 36
4 42
4 47
4 47
4 62
3Ion.,
488 434
433 4 31
4 88
4 48
4 49
4 52
4 54
4 38
4 45
4 46
4 60
4 48
4 62
4 66
4 57
4 67
444
444
4 68
4 61
4 68
4 44
4 44
4 48
4 49
4 62
4 64
4 67
4 69
4
4.^
4 60
4 49
4 52
4 66
4 57
4 59
4 61 4ei 4 61
Jnne 9,
Open Htth Low.
d.
d.
4 85
435 4 35
435 4 36
440
4 40
45
45
50
50
4 46
4
4
4
4
4 31
4 31
4 36
4 86
4 36
4 86
4 35
4 38
4 34
4 34
4 33
434
4 30
4 44
4 44
4 43
4 43
4 43
4 48
4 41
4 41
4 45
4 67
I
4 39
4 44
4 41
4 47
US
4 47
4 60
4 52
4 47
4 60
4
62
454 464
d.
4 34
438
4 43
46
4 48
4 48
4
4
46
4 48
4 58
4 66
;
refused to meet ;'but on Thursday the reverse was true sellers accepted bids which they have psrsistently refused, and
lower prices were made for high grades than in some weeks
past.
To-day the market was steadier, especially for low
grades of wheat flour, which are not abundant.
The speculation in wheat was dull and had a drooping tendency for the first half of the week under review, not, however, without some irregularities, the distant options showing more strength than the early deliveries. The whole
market turned stronger on Wednesday, on the belief that the
Bureau report, to be made public early in the afternoon,
would present an unfavorable view of crop prospects but
this report proved more favorable than was generally anticipated and caused a smart decline. The feature of the spot
business for the week was developed at the lower prices of
yesterday about 800,000 bushels were reported taken for export, mostly No. 2 red wint-r at $1 08Vi@|l 0S% afloat, but
including No. 3 spring at |1 U7>^ and No. 3 spring at |1 05)^.
Information from Europe has pointed to an early removal of
the French duties, but a probable continuance of those of
German.v. Today the market was variable, closing slightly
dearer, the bears being made timid by the large export business yesterday, and its continuance to-day, though on a much
reduced scale, No. 2 red winter going at $1 08(gf 1 083'^.
OAILT OLOSraa PBIOBS OP HO 2 BSD WIMTBB WHKAT
Afon.
Wed.
rAur»
Bat.
Tuei,
FH.
108 14 106'a
107>4 los
Junedelivery
0. 107''e
107 3»
106
lOO's
107
105
July delivery
0. lO^^iJ
)053s
10338
AuKUSt delivery
103% 104
102 >e
102
c. lOS^
10338 lot's
lOias
Septemberdelivery
1 02 '8
IO314
c. lo2%
IO319 103^8 103%
Oi5to!)er delivery
102
101^8
c. 103
103 '6 lom 10438 102S8
November delivery
0. 103%
IOJI4
101>«
104^8 105
IO314
December dell very
c. lOi^e
108 >s 108''8 109
107 >4
107 H
May delivery
c. lOS^g
Improved prop prospects and sympathy with the depression
wheat gave an impulse to the selling movement in corn.
To-day, however, there was a partial recovery, on the firmness of the spot marktt, which was sustained by free buying
in
It is difficult to see how supplies of corn are to be
materially increased before November, and not then unless
the fall months shall prove exceptionally dry.
DAILT OLOSniO PBI0B8 OF MO. 2 HIXBD OOBII.
Tht.ri.
*V<.
Tuet.
Wed.
Sat.
Mon.
6.^''9
66"4
62!^
64>«
Junedelivery
0.
66
65
6II9
6538
6478
64
62
Julydellvery
0.
eSH
for export.
Aiu'ust delivery
0.
ei^s
64is
Septemberdelivery
c.
63%
63''8
Julydellvery
Firm.
:
6.
d.
4 30
Friday, Jane 12. 1891.
There has not been much of a market for flour and meal in
the past week, and prices show little change. On Wednesday buyers took hold rather more freely
that is, they
accepted ofifers from sellers which they had for some time,
June aellvery
Quiet and
steady.
highest, lowest and closing prices of futures a t
Liverpool for eacii day are given below. Prices are on th e
basis of Uplands, Low Middling clause, unless otherwise stated
June
d.
4 46
4 50
460
468 4 53
4 56
4 58
4 56
4 68
4 62
460
462 463
4 40
4 45
4 45
4 60
4 60
4 58
4 56
58
4 60
4 62
4
64
63^8
6314
62>a
6058
61%
59%
60>4
i
The opening,
Sat.,
l/tw. OU>a,
d.
BREADSTUFF S.
Sat.
Market,
4 31
4 31
4 36
Open High
d.
Oats were almost panicky yesterday, under general selling
in liquidation, and made no recovery to-day; crop prospects
are not first- rate, but there is not much export demand.
DAILT 0U>SI1I0 PKI0B8 OF HO. % MIXBO UA B.
lu^ure*.
Market,
4 41
4 39
4 43
Aug.-Sept
412
September.. 4 47
4 33
4 33
Clot.
;
—By cable from Liverpool we have the following
tatement of the week's
Mrket,
4 30
4 30
32
32
37
42
d.
;
....
....
Antwerp, steam d.
• Per 100 IDs.
Amoimt
4 32
4 82
4 87
4 42
4 42
4 47
4
Jane
June-July... 4
July-Aug... 4
August
4
d.
;
Wedntt. Thuri.
>«
..>•
V
LiTKBFOOL.
as follows:
Sm
Bteait....e.
Beval, steam
week have been
aatur.
late dellv'y.d.
Bales of the
d.
1,639
Total
Do
d.
698
800
To Kotlerdam. per steamer Ohio, 2,354
Philadelfuia—To Liverpool, per steamer British Princess, B99
Havre,
d.
Otto-
man. 453
Do
d.
Open High Low.
4,800
To Halifax, per steamer Carroll, 48
Baltimore—To Uverpeol, per steamer Caspian, 1,124
To Havre, per steamer Queeneland, 4^0...
,
To Bremen, per steamer Munclieb, 883
past
Jnne 12.
Frt.,
Ctot.
4.667.. 15,148
Cllffe,
OHAKLtSTON—To Bremen, per steamer Ixli, 4,800
West Point—To Liverpool, per steamer Ernesto, 693
To Hamburg, per steamer Proulda, 800
BOSTON— To Liverpool, per steamers Catalonia, 1,186
Ootton freights the
Thnrs., Jnne 11.
Open Hioh Low.
d.
Wbw Tork—To
LU.
f Voi>.
CIo.
d.
4 85
4 35
4 40
446
4 43
4 50
4 50
4 53
4 56
4 68
4 62
4 63
SOHi
50i«
c.
c.
0.
44%
c.
40'«
Hon.
Tuet.
50^
49%
49%
50'*
Wed.
48>a
i8^
42%
7l?«l «.
47
47
*V4
47
47
411,
411»
44
44
38ia
39
40
40
38H
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
August delivery
Septemberdelivery
FIX>UB.
»5 009*5 35
«S 35t»$4 10 Patent, winter
Superflne
3 80; 4 30 City shipping, extras. 4 90<» 5 10
4 75» 5 05
flour,
superftne..
4
30»
4
60
Kye
No.
2
Extra,
Fine
3 85« 4 10
4 60» 4 75
Extra, No. 1
meal
Com
4
75»
4
95
Clears
3 30« 3 50
Western, Ac
Straights
4 85a 5 00
Brandywlne
3 85» ....
5 259 5 75
Patent, spring
'oBAm,
Oom, per bnsh.—
o.
c.
*heat—
65
68
Weet'n mixed
Spring, per buBh. . 1 03 «1 15
66 9 67i«
O8I4
W'niiilx. N0.2
lied winter No. 2.1 06% VI
65 » 68
West'u yellow
100 alll
Bed winter
68 9 70
Westemwhlte
White
102 «110
Fine
9
bbl.
I
Rye—
Western, per bnsh..
State »nd Jersey ..
Barley Malt^
8iatr,2rowed
Blate, 6-rowtd
Canadian
85
87
90
95
.100
«
«
90
92
« 92
®
97
«1 05
Oats— Mixed.. V ba.
White
No. 2 mixed
No. 2 white
46 «
49 •
l>
46'sO
46'«»
9
49
60
48
60
JUNB
THR CBRONICLK.
18 1891.)
AoRlCULTDBAL DEPARTMKirr REPORT.—The
report of (he
uf AKriculiurc, Hhowini; tho condition and
acreaK^ of the cereal crops June 1 was issued on tho 10th iuat.,
Department
And
is at<
follows
:
M
Ktatlsiliinn makra thr srr* In winter wbokt,
romcHtltb hanresml lust year, 111 5: riirliiir wli^'at, 103-4;
tm;
lul'S:
oa'a, 97 9.
Couriltlon «l wiiitor wlieat, 06 6;
DA' ley, 107 1:
prlnK wlK-iil. 92-6: barlfjr. eir3; rye, 95 4; oa(«. 85.
In voiiiparlmiii wiih 1889, th« [iirmHia In wbeatraorraR* la quite
moderate. Tli- rrrtiiuiinu Imi y«ar <>t more th«n 3,000,000 aorea hiikTbls advance
gi-atH tlieieiison f'T mont or tli« prcMtnt liioieasn.
tlif*refuu> bolli luiiUriMiiei t and di-v*lopiueiit, ttie foruuM- nuttibly in
Illlnolfi, MIni-onri, Knn^aK, and (^ulirornla; llii< latter In Iran d<'Kr-n tn
WaslilnK'on, Or*K"n.lhe Kakotiw, and In noveral Tenltorlea.
Theco
luuho tlix
tliicitiatioiia
lnv««tiKail"n
dinieull. and
In
violint
some dlatriits wUl render miipMary gm-p emoninry work. Ti>
<on lilered
prellnilnarv.
this extent pteoent tstlniatrn mav be
The rxlenalun of aoreaKe, acoi>rdlnt( to o\ir oorre»poiidenl*, dep nd" liii
larue Inor* aito uf wht-at
the price of \v lioat at.d iit't on available luiid.
larf^e xinount t>f new hind U
brendth In reported In Wttflhln^ton.
belrg br* ken fur next year'M crop, and tho local opinion in expressed
that not more than onn-nfch of Ibo wbout land of that new Htate in
under cultivation. Tne wii.ter wheat cro|i in neruacnInK upon the
soulliir'i a:.d ea»tern liordotB of the (it'riu(<» heat district, U'>tMlily In
Iowa and u ieconsin, linger the protection uf crop diverfitni-a ion and
new metlimis of cultivation, while (*prln»( wheat exten ion reaponda
moderately to the stlniulun of higher in Ices. Tlic condition of wlnt<r
wheat ban decHned only one ,.olut. The MVeraijH of New York Is OH,
Peanxylvanla 97, O. orgia !)•». Texan 98, Ohio 99, Mioliiiran 90, Indiana
Tlin rfiioi
t i>r
tli>>
w ththeb
pnied
U
A
A
i
90V
A
wm
fr^qoent.
oonalderable oUarang* of wldii ibMUon
fT ctfd by tbia means farlr In th« wmIc.
UwJKht Anchor
4 4 bleached and unbleached shlrtlnRii wiint rndiirjed 5^o. par
<
—
yard oiwiily, and IhU U the only l< stance of ->r -i italllin
qtiaivly what d>olin« thny are wtlliog to auboiit to nnd^r
exIatinK conditions. Colored oottons war* irraguiar, blua
goods being In fair rrquMt and smdy, «hiln plald-makw
Ker» slow and easy. Seasonable prints and glnKhama wera
quiet throughout, but
for dark atjrirs of
the lattar
there was a regular demand of good proportions on tha
basis of laal season's prices and O'X-uiiiinnl liu-in.-«s in fall
printa subject to opening valuos. The jobbing trade waa
unmarked by anything of ao excptlrmal oharaotar. Print
cloths have passed another we«-k without ohange 64'104a
being quoted at S15-10o. less one per oent and 04(96w st
2^0. per yard.
isai.
1890.
Ittoek of I'rinl Otolkt—
JuiM S
B4td by Providence manufacturers. 442.000
Fall River manufaotorera
425.000
Ontaideapeoulators (est)...
None.
Total stock iDieceal....^
isaa.
JmuH.
Jvntt.
401.000
10,000
85.000
3S.000
Mobs.
£26.000
110.000
llO.iiOO
867.000
Domestic Woolens. —The demand for men's-wear woolens
during the past week has ruled ezce' dingly light, although
99, lUliiolR »(. i>il8Poiiri 99, KanHaa 9\, California 97, Oregon 98, Tensome improvement in duplicating orders for worsted suitings
nesBec 99 Maryl " d 93 and Viiitinla 95.
T'le
St monthly siatement of averai^es of spring wheat makea
and trouserings was noted in some quarters. The fact is that
Wisconsin 77, Minnesota 89. Iowa 95, Ne''rtt>ka 97 and the Dakntas clothiers are more anxious to reduce their stocks than to buy
Ih- early-fown wheat was Injured by fio.tt In Wisconsin anl Min96.
cloth, and are giving their attention larg.ly to conducting
nesota. Oeriulnutlon WBsarrerteu by drouth In the same region.
In
Agents are not altoConditions have been auction sales or " drives " in cluthing.
South Dakota drouth has retarded irrowth.
til
more favorable cencally In Noith Dakota. Recent thIos in Neliraska
and Iowa haN e greatly benellcted wheat and encouraged the growers.
Droiitli In Ma> has greatly injured o ts on the entire Atlantic CoastWinter oaiK la the Soutiiern .States are far better than the spring crop,
which lia-M been pariially destroyed l>y drtiutii and li s- cts.
The iucreiise in the bcreagcof bailey l;* generiil In almost every seiv
tlon where It is grown, and especially marked in the .States of the Otiio
Valley, in Wisconsin and California. The oondlt'on Is unif..rmly high
except In portions of the Northwest, where It bas been lowered by
dromh and
tV
ouul weather.
For lablea uaaallT liven here see page 888>
THE DRY GOODS TRADE.
Hbw York.
Friday P. M., June 12, 1891.
l^ether easy
over the present position, as wholesale housea
must have had a particularly bad tim- of it; and it is no
secret that some of them find great difficulty in getting new
" accommodation " as the old runs out. Under the ciixumstances the slow demand may not be without its ultimate advantages. Overcoatings and cloakings are in much the same
state as suitings, Deing in very limited request. Low grade
goods, such as doeskins and Kentucky jeanx, were comparatively neglected, but moderate ord. rs for satinets were occasionally recorded. Limited orders were placed for future delivery of new spring cassimeres, but little beyond cottonwarp makes have been shown in these so far. Flannels and
blankets were firm, but, compared with recent experienoee,
All wool dress goods are well sold for fall delivery,
quiet.
and prices are firm, with an occssional slight advance In
leading makes of cashmeres.
two preceding weeks, business
has since last report shown some falling off in the aggregate.
Foreign Dry Goods. There were numerous buyers around
On the other hand it has been more evenly distributed. There
week, but their operations were restricted to supare numerous buyers in the market, but some of the larger ones during the
plying immediate needs, and the volume of business recorded
responsible for exceptional transactions in domestics lately was barely of average extent. Little progress was made with
have withdrawn. Those remaining are pursuing a conserva- importation orders for next season. Prices disclose some
tive course, and are not likely to depart from it until agents irregularity in specialties, but staple goods are generally
distinct advance noted in linens, owing to remake some definite announcement with regard to future steady with ahere
and abroad.
stocks
duced
prices. There were special temporary rates made in some wide
lDiport«tIons of Drr Goods.
sheetings early in the week.and one make of bleached shirtings
The importations of dry goods at this port for the week
was reduced J^c. per yard, but beyond this the price question ending June 11, 1891, and since Jan. 1, and the same facta
remains where it was a week ago. There appears to be a for the corresponding periods of last year are as follows:
considerable demand waiting upon agents' decisions which
cannot well be delayed more than a few days if changes are
£.
eg
to be made at all. A good demand for fall ginghams was
noted, and a steady call for dress goods in heavier makes.with
8:
Si
0.
some business in dark prints, which are now generally shown
B
ri
o
The jobbing trade was without special feain first hands.
Compared with
either of the
—
i
,
I
.
.
i
:
•;
•iijiT
ture beyond evident signs of preparations for the half-yearly
stock-taking being in progress. Outside of the Southern sections, collections continue good in spite of reports of hardening
rates for money at some Western points and the general
ccuxoc
o
.-
s to
-J-
^
-ISO
;
outlook for the fall trade has been favorably confirmed by
the tenor of the Agricultural Bureau reports just issued.
DoMKSTio Cotton Good3.—The exports of cotton (foods
for the week ending June 9 were 3,248
packages, valued at |158,843, their destination being to the
points specified in the table below:
from
TO June
9.
Week.
36
19
-
India
—
Arabia
...
Jan.
2,183
716
........
.........
24
69
4S6
•••
32
Total
Ohlns, via Vancouver......
3,248
111,491
West Indies
Mexico
Central America
Sonth America
Other countries
Total
13,S0O
3,248
124,346
17
120
7,8.55
"li
82
47
2,297
14,715
1,503
430
53,549
20,398
430
g la
Z
I
a
w^5 xw
^
IJ.S
M T.
m
5'
5
fl5
- I
3
-1
f-
905
998
!
'.o
'5
2,470
1,276
*.0i2
3,783
12,(<&fi
»
o
w
I
X—
C ^' — X -'
ts-;
5> ,-
23
29
100
m".cV*io-i
ts -S -1
Wetk. ginetJan.^.
1.
70.<»1
4,319
4,077
2,404
6.335
1,409
4,079
13,912
1,206
ibi
311
Africa
*
2,170
.Since
My»w:^w
CO
2]
1890.
1891.
WEW YORK
WW
-to
port
this
China
tou
's;
M * • (4 1^
— wp-at
PCS':*
woo
»1»
-1
I r?
21 !3
t^
-M
2S
10 -'
I.
45
*a
wvs-'te
1
,s;
73,947
From New Bngland mill points direct.
The value of the New York exports since January
-IMS —
*
1
been 15,717,234 In 1891, against $3,124,491 In 1890.
There has been fair a demand for staple cottons. Brown
and bleached goods have moved readily where terms were
easy, and although stocks are nowhere looked upon as excessive and current quotations are, as a rule, ostensibly
adhered to. Concessiona to encourage buyers on hand are
;.'
"'i-Vsiai'
haTe
ge«-o»M
—
a .*
qD»3
I
I
1
c-a jjojl
P.'!'.""J
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^
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.-.3
5*^,0
!
THE
910
CHROiWICLEL
^vuBt ©jympanijes.
JruBt l&omptiuits.
Union Trust Company United
80
CAPITAI.,
....
.
-
.
A LKGAL DKPOSlTOHr FOR MONBT.
Acts as Trustee of mortKattes of corporations, aod
aocepts the transfer aKeucy and registry of stocks,
Allows interest on deposits, which may be made
at any time, and withdrawn on tlve days' notice,
with interest for the whole time they remain with
the oompany.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with lt» rules, to ctieck at sight, and allows interest
apon the resuitinK d>iily balances. Bnch checks pass
throuub the ClearinK Iiouse.
Attends specially to the MANAGKMBNT OF
SEAL ESTATE and to the collection and remittance of rents.
makes ample provision in its
ANI> FIRK PROOF
NEW BUKGLAR
trubticks
Wm. Whltewright,
H.Van Rennsl'r Kennedy,
Henry A. Kent,
James H. OKilvie,
B. T. Wllsoa,
James T. Woodward,
Wm.
GeorRe A. J^rviB,
F. Rassell,
0. D.
C. Vanderbllt.
D. C. Hays.
Wm. Alpx. Dner,
Charles H. Lelsnd.
Bdward King,
a. B. Wesley,
O. H. McAlpiD,
George B. Carhart,
G. u. Wiillams.
R. G. Remsen,
A. A. Low,
Bdward
EDWARD KING
CORNELIUS D. WOOD,)„,„.
„„.,^„ ,
Vlce-Presldentp.
JAMES U. OQILVIE,
(
AUGUSTUS W. KBLLKY, Seorotary.
J. V. B. THA5KH, Assistant tjecretary.
CHICAGO,
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn
after five days' nutice, and will be entitled to interest for the whole time they may remain with the
company.
Executors, administrators, or trustees of estates,
and wojUEN unaccustomed to the transaction of
tusinesB, as well as religions and benevolent instltucions. win find this company a convenient depository lor money.
JOHN A. STEWART, President.
GEORGE BLISS, Vice-President.
JAMES
S. CLARK, Second
TRUSTEES:
Wilson 6. Hnnt.lJno.II. Rhoades, Wm. Rockefeller,
Clinton Gilbert, A naou P.Stokes, Alex. E. Orr,
Daniel D. Lord, |Oeo. H. Warren, Wm. H.Macy.Jr.,
Samuel Sloan,
George Bliss,
Wm. D. Sloaue,
James Low,
Wm. Libbey,
Q. H. Schwab,
Wm. W. Phelps. John C. Brown, Frank Lyman,
D. Willis James. Edward'Cooper, Geo. F. Victor,
John A. Stewart. W.B'y'dCutting, Wm. W. Astor.
BrastusCorniug, Chas. S. Smith,
i
THOHNKLL,
L.
G.
HAMPTON
Knickerbocker Trust
Company,
Branch
office. 18
COR 2»TH STREET.
Wall
St.
and
Nassau
3
Acts as Executor or Administrator of Estates,
and as (tnardlan, heceiver, Reulstrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and otner corporations.
JOHN P. TOWNSEND, President.
CHARLES T. BARNEY, Vice-President.
JOSEPH T. BROWN. 2i Vice-President
DIRECTORS!
Jacob Hays.
Charles T. barney,
A. hOSTER HlGGINS,
Robert G. Kemsen,
Henry W. T. Mali,
Andrew
h. Sands,
h. Breslin.
Hon. Ira Datkkpobt.
8. TlLNKY.
JOHN
Edward ^. Lobw
Hknby F. Dimock,
Hon.
John p. Townsknd,"
Charles f. Watson,
David 11. King, Jr.,
Frederick G.(Bourne.,
Robert Maci.ay.
James
Qharles
H. Welling
zr
--— Walter STANTON,
Gen. GsoKOB J. Maoee, C. La whence Pebkimb,
I. TOWNSEND B0IU)«N,
B0RDIN.
FKED'K. L. ELDRIDGB. Secretary.
>
J.
HENRY TOWNSKND
Assist. Secretary
Holland Trust Company.
NO. 33
NASSAU STREET, NEW VOKK.
Capital and Surplus
81,000,000
ALLOWS INTEREST ON DEPOSITS.
AeeepU and executes any
from peror corporations, on as favorable terms as other
similar companies.
Acts as Eiecijtor, trustee and Guardian, under
wUl« for the fixed statutory charges also as Regisirar. Trustee, Transfer and Financial
Agent for
Bstates, Cities, Railroads, Towns, and other corporations, and for Real Estate Mortgages with
ons
legal trusts
;
Coupon Bonds
In New York, Brooklyn and elsewhere. Collects RenU, Coupons and Dlrldends.
TRUSTEES.
garret A.
Van Allen,
Warner Van Nordcn,
James B. Van Woert,
G.
Van Nostrand,
John R. Planten,
BenJ. F. Vosburgh,
Joseph S. Stout,
Geo. M. Van Hoesen.
William Remsen,
John D. Vermeule,
W.
John Van Voorhls,
W. W. Van Voorhls,
Geo. W. Van SIcleu,
C. W. Hutchinson,
Tunis G. Bergen,
Robert B. Roosevelt,
Chas. P. Daly,
Jotham Goodnow,
Augustus Van Wyck.
Daniel A. Heald,
J. Arkell
BOBEBT B. ROOSEVELT,
JOHN D. VERMEULE, )„,„President.
„ ." .
JOHN R. PLANTEN, (Vice-Presidents.
GEO. W. VAN 81CLBN. Secretary.
Metropolitan Trust Co.
37 and 39 Wall Stieet,
Pald-Up Capital
SnrpluH
8'2,0II0,00«
in)....
profits...
l,30U,UOO
siv^^CMii^
W. DOANE, President.
ORSON SMITH, 8econd''vic4.^p'?e"s. JJSt.''''"''"°'-
J.
W, LDKB. L^isVfnrc'iri^e?."""-
F. N.
TRU! 'TEES.
MARSHAL'
C.
FIELD,
W. D0 4UE.
J.
H. MCCORMICK,
P.
DK KOVKN,
JUH.\
YOE
1..
GBO. M. PULLMAN,
A. H. BURI.KY,
Al.BiSKT KKKP,
JOHN TYKRKI.J,
B.
WATKInS,
LAMBERT TRER
ERSKINiU
ORSON SMITH. M.PHELPS.
Banking in all its Branches Transacted.
!'.
Secretary.
Assistant Secretary.
The Nassau Trust Co.
Foreign exchange bought and sold.
Travelers' Letters
Credit and Commercial
.,f
redits issued, available in principal cities throughout the wo Id. CMb e iraiisfirs made.
J. G. ORCUaKI), Mgr. Forel.n Dept.
101 Broadway, Broolilyn, N. Y.
CAPITAI.
$S00,000
Deposits received subject to check at sight, and
ioieresi ailonrd on theresulting daily balaices.
Certificates of deposits issuei for time deposits
on which epeciii rutes will be allowed.
I
Interest oniiiii'iices from
-laie of depoHlt.
Authorized by law to act ts Executor, Administrator, Commitlee. Guardian,
rustee, Receiver
Hscal and Transfer Agent and a< Keuislrar of
Stocks and Bona
la a legal depoaitory for
Trust Funds and f.jr moneys paid into court.
Loans made on appruved collater.ils.
VVlll lake entire charge of securities during
absence or olherwii-e of owner.
Checks on this Cumpany are payable through the
New York Clearing House.
A. I). WHEBLOCK, President.
•=»'"eui.
WlLLIAV DICK,
„
1^.„.
vice-Prest's.
New York.
Sl.OOO.OOO
70U,0U0
Designated as a legal depository
order of
supreme Court. Receive deposits ofbymoney
on
interest, act as fiscal or transler agent, or trustee
lor corporations, snd accept and execute any legal
trusts Irom persons or corporations, on as favorable terms as o.her similar companies.
Thomas Hlllhouse, Pres. Fred'k D. Tappen. V.-P
C. M. Jeaup, 2d V.-Pres.
Beverly Chewrlei'tarT,
"•orce u. Coaney, Assistant Seoretarr.
OLD COLONY
TRUST COMPANY.
BOSTON, MASS.
'l
JOHN
O. F.
TRUSI.OVV,
RICHARDSON.
(
....
Capital
.
.
$1,000,000 00
Surplns,
600,00000
Traneacla a General BanliluK Bnalnees.
Allows interest on daily balances subject to
check.
Agent In Financial Transactions.
Trustee under mortgages. Transfer Agent, Regtrar.
Secretary.
TRUSTEES
St.
CAPITAI. AND SURPLUS, - 81,000,000
DESIGNATED LEGAL DEPOSITORY.
^SXPH 8. AuiKBACH,
HAKRT B. H0LLLS8,
Capital (paid
Surpias uud undivided
Vice-Pres't,
;
»34 FIFTH AVE,,
Company Bank,
Trust
is
<
Q. G. Williams,
B. B. Wesley,
C. D. Wood.
James T. Woodward.
President.
Schell,
Loan
Corner Dearborn and VVashington Streets
ESTABLISHED 1857.
LOUIS
EXKCUTIVK COMMITTEE:
gee. C. Magoun,
. C. Hays,
Merchants'
AND
or trustee.
HBNKY
Schell,
Amasa J. Parker,
Samuel F. Barger,
Geo. C. Matjoun,
Whltewrlght,
Co. The
a legal dep<jsltory for moneys
paid into court, and is authorised to act as guardian
Edward
W. Emten Roosevelt,
Chiuncey M. Depew,
Wm.
This company
VAULTS
for the safe keeplnu "f securities placed in its custody, OQ which it collects Hnd remits Income.
Wood,
June. N. Piatt,
^vnst ^ompviuUB,
OF NEW YORK,
45 and 47 Wall Street.
$1,000«000
3,75U,000 CAPITAL AND SURPLUS, - 89.000,000
Authorized to act as Executor, Administrator,
Guardian, Receiver, or Trustee, and is
It
States Trust
OF NEIV YORK.
Btoadway, New York.
HCBPLUS,
[Vol. Lll,
BOARD OF DIRECTORS.
Wm.
Dick,
F. W. Wurster,
Joel F. Freeman,
A. D.Baird.
Bernard Peters, Chas.H. Russell,
Darwin R.Jame«, Wm. B. Horwtll, Edward T.Hulst
Joseph F. Knapr.Jnc.McLouiihlin.
B- J?-..,''"'!^''''
B.B.Tuttle,
Jno. T. Wlllettf, A. M. .suvdam.
JohnTruslow,
John Looghrar, Wm.E.Wheelock.
Thos.F.Bowiand.Wm. F.Oarrisot O. F.Rlohardson!
DItmaa Jewell. A. D. Wheeloct,
,
The Brooklyn Trust Co.,
l»r and iro montague
St.,
T. Jelferson Coolidge. Jr., President.
Frederick L. Ames,
John L. Bremer,
T. Jetlerson Coolidge,
George
Henry
P. Gardner,
S.
T.
} '"eTc'^^J'plr.* I «1.000.0«0
Capital and Surplus exceeding 8 .<,-^30,000
This Company allows Interest on Deposits, which
nxtd dates.
It is authorized by special charter to act as Exec, tor. Trustee, « dministrator. Guardian, ttecelver
or in any other position of trust.
As executor of estates it secures a safe, prompt
aiid advantageous distribution of thesaije.
It is a designated depository for Court monies
and acts as Begistrar or Transfer Agent of stock
and b; nds, and us trustee for railroad or other corporation mortgages.
Executes orders in all classes of investment securities. Guarantees Letters of Credit issued to
travelers.
C. T. Chrlstensen, Pres.
Jas Ross Curran, Sec.
Abram B. Baylis, V.-Pres. Fred'kC.Colton,A8s'tSeo.
THUS TEES.
Josiah O. Low,
Alex. M. White,
A. A. Low,
Mlch'lChauncey.
Wm. B. Kendall.
B. F. Knowlton,
T. Martin,
Fred. Cromwell,
P. Rolfs,
H'v K. Sheldon.
O. D. Wood.
Wm. H. Male,
Abram B. Baylis
John
IJ.J. Plerreoont,
C.M.Pratt.
Geo.G.Reynolds,
S. W. Boocock,
John Oibb,
G. W. Chauncey,
C.T.Christensen.
Walter Hunnewell,
George Von L. Meyer,
Richard OIney,
Lucius M. Sargent,
John I. Waterbury,
Henry
C.
Weston.
JR.,
Presidmt.
JEFFERSON COOLIDGE,
CAPITAI.
may be made subject to check atslghtor returnable
at
Francis L. Higginson,
Howe,
William P. Mason,
Laurence Miuot,
Henry R. Reed,
Nathaniel Thayer,
Stephen M. Weld,
BroolilYn, N. Y.
John F. Anderson,
Martin Brimmer,
George F. Fabyan,
C. 8.
TUCKERMAN,
Secretary,
Manhattan
Trust
Corner of Wall and Nassau
CAPITAL,
.
r. O. French. N.
B. J. Cross, N. Y.
Sts.,
Co.
N. ¥.
•1,000,000
DIRBOTORS:
Y.
H.W. Cannon, N.T.
John R. Ford.N . Y_l
H. L. Hlggiuson, Boston. T. J. Coolidge. J r.. Bos.
James O. Sheidou, N.K.
B. D. Randolph, N. Y.
A. 8. Rosenbaum, N. Y.
C. C. Baldwin, N. Y.
Sam'l R. Shipley. Phlla.
Chas. F. Tag, N. Y.
R. T. Wilson, N. Y.
Marshall Field, Chicago. J. I. Waterbury, N. T.
H. O. Northoote, N. Y.
August Belmont, N.Y.
F. O.
French, President. J. I. Waterbury, V.-Pres.
A. T. French, Secretary and Treasurer.
THE
ALLOWS INTEREST ON DEPOSITS. BZB.
CGTB8 TRUSTS OF BVERT DESCRIPTION.
HBOI8TRAB AND TRANSFER AGENT.
WASHINGTON
TRUST COMPANY
IReal Estate
John
,
U. W. Maxwell,
I
of the city of nhw yorbl
Stewart Building, 280 Broadway,
CAPITAL
SURPLUS
•300,000
8030,000
DAVID M. MORRISON,
CHARLES
F. CLABF,
Vice-Pretident.
^SS't^'E-™.,
FRANCIS
M.
S.
H. PAGE. Becrttan.
LOTT, Aa^stant Secretary.
TRUSTEES:
Joseph F. Knapp,
David M.Morrison,
Henry H. Rogers,
Charles H. Russell,
George H. Prentiss,
Joel P. Freeman,
L. T. Powell,
George L. Pease,
Wm. U. Hail.
John F. Anderson,
P. C.
Lounsburj
Charles F. Claff;
George E. Hamlin,
Theo. A. Havemeyer,
Seth E. Thomas.
Lucius K. Wilmerdlng,
George A. Morrison,
Joseph C. Baldwin,
B. C. Ilomaiia.
Jr,
William Lummls.
INTEREST ALLOWED ON DEPOSITS.
This Company Is a local depository lor
Court and Trust Funds and Is authorized
to do any and all other business usnally
done br Trust Companies of responstbllltr
ndslandlnc.
%onn
tEru6t Co.-
Si
OF N£W-TORK.
Muianl LUe
Bulldluff.
3U NaMnan Street.
Capital and Surplus, S75O,0U0.
E*o ives special attention to Ileal Estate mHttera,
buying, selling, rentiiiK, uppraisiiiK. etc., and takes
Keneral charge and luanaKoment of Property la
the city of New York and Us vicinity.
RECEIVES DEPOSITS AND ALLOWS
INTEREST.
HENRY C. SW<»Rns, President.
Ho H. TAMWANN, Vicr- I'remldent.
HENRY W. KEUiHI.GY. Secre-ary.
THOMA8 U. TKRRY, RenI Emate Officer
TRU.STE E
n. H. Cammann,
James M. VarDum,
Horace
Henry
S. Ely.
C.
Swords,
J.ispenard dtewart,
James Wm. Beekman,
George » limine.
Joseph Thompson,
Kbeneier 8. Mason,
Uenry Lewis Moihiia,
William n. Barbour,
Chas. A. Schermerhorn
Kdwln W. CoKSesbalt.
Frank
S:
Charles A. Peabody. Jr„
Robert Lenox Belknap,
Doufilas Kobiuson, Jr.,
James I. Kayoiond,
Edwin A. Cruikshank,
Joel F. Freeman,
Charles C. Burke,
S.
Wttberbee.
@FedFRASER