View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

I

financial

xmm

AND^

HUNT'S MERCHANTS' MAGAZINE,

^

Weekly

§etr$papev»

aKPRESKNTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
p:iitered aooordlag to Act of Congnu, lo the year 1891, hy Wm. B. Daxa A Co.. In the olOoa o( the Ubrxlui ol Coa gr au Washington, D. a]
,

VOL.

SATURDAY. JUNE

62.

NO.

20. 1891.

1,356.

Instituting comparison with the corresponding period in
1890 there is a decrease in the whole country of 20*7 per cent,
the decline outside of New York being 10*8 per cent. Thirty-

%]xt (^hxonxtlt.

eight cities exhibit smaller clearings than in the previous
year, the most important losses in matter of ratio being at
Wichita, 44 per cent Birmingham, 33*4 Chattanooga, 29*5

Terms of Subscription— Payable in Adranee:
$10 20
For One Year (Including postage)
do.
6 10
For Six Months
(Inclading
11 50
postage)
European Subscription
6 75
European Subscription Six Months (Including postage)
£2 8s.
Annual Subscription in London (including postage)
do.
do.
£19s.
Six M09.
do.

;

;

Lake City, 281 Boston, 27-fl New York, 3«-7 Omaha,
25-0, and Dallas, 24'3 per cent.
There are, however, some
points at which the gains are marked, notably Galveston, 77*8
New Bedford, 45-4 Des Moines, 36-5 Norfolk, 326 WashCommerchi. ington 30-6 Topeka, 24-6, and Los Angeles, 20-8 per cent.
Salt

;

;

;

.

Terms of

Adrertlsinar.

A

tlon at the office. The lowest rates on permanent cards rteflnit«ly ordered for one year are 8 cents per line each insertion, making $58 for
one inch space one year. Space is measured in agate type— 14 lines to
the inch.
These prices include the Isvbstors' Sopplement, of 150 pages
tosned once in two months, and furnished without extra charge to
enbscribcrs of the Chronicle.
flle cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made nydrafts
-or Post Office money orders.

A

1 Drapers' Gardens, E. C, wlU take sub
aoriptlons and advertisements and supply single copies of the paper at

Is. each.

WTLUAII B. DANA.
fOHN O. FLOYD.

;

lVII.I.IAItI B.

Week »»iCt June t.

New York
Sal«« of—
(dtoeki

ffiaru.)
6a(u.l

(Cotton

InuMt.,

(Ora<n

(PttraUum

VbU.)

Boston
I'roTldenoe

Hartford

New Haven,
Worcester

EowARDS & Smith,

DANA &

Co..

PablUbers,

102 nrilliam Street, NEW
Post Office box 958

YORK

Portland
I,,owetl

New Bedford
Total New Bogland.
Plilladelptala.
Pltlaburi;.

Baltimore
Buffalo

Wai«hlnKton
Rochester

CLEARING SOUSE RETURNS.
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 20, have
last week and
$979,68.5,628
'been 11,020,122,463, against
$1,140,115,717 the corresponding week last year.
CUtARDIOB.
Bttvrru I>v TeUgrapK

Hew

York

Boflton....-*

-•••«•.

Philadelphia
Baltimore

Ohicago
Bt. Louis
Hew Orleans

.....*••

•••

.......

Week

BnUm June

1891.

$494,406,833
66,909,964
60,938,866
11.274,816
73,666.000
17.437,170
6,903,878

1890.

$667,999,636
77,3»9.087
61,396,694
11,261,646
87,690,000
17,782,160
6,843,219

Cleveland

Columbaa

—13-6
—17-0
-l-Ol

-f8-8

flO
-9-8

126,849,911)

-rl-7

Total all cities, 6 days..
AUoltles, Iday

$849,806,190
171,310,273

$926,071,248
214,044,469

-20-0

$1,140,118,717

— 10-6

$1,020,122,4113

Ssnrranelioo
Portland
Salt

Lake

"i'JS'SS
*.?•*••?*

CItj.

Seattle

Tacoma
Los Anffeles

-1-9

(799,221,332

of clearings for the

Total Middle Wattera

-11-4

lait.g? 3,649

full details

Glnotnnatl
afllwaakee
Detroit

Peoria

PtrOmt.

(720,832,641

Total all 01 ties for week.

ToUl Middle
Chloago

Orand Baplds..

Seven cities, 5 days.
Other cities, S days. ......

The

WilmlnKton, Del
Syraoute

Indianapolis...
20.

-8

week covered by

2

the

;

;

dprlngUeld..

Iiondon Asents :
Messrs.

;

;

Advertisements ordered for less than one month, in the
Financial Ohronicle, are published at 25 cents per line each insertion. When orders are definitely given for one month or lonRer, a liberal discount is allowed, and the net prices may be obtained on api)llca-

Total Paelfle

Kansas City
Minneapolis
Paul

St.

Omaha

Denver,
Dalath.

..

Joseph
SIODZCItf
Dee Moines
Wlohlu.
St.

Lincoln
Topeka.

«bove statement will be given next Saturday. We cannot, of
Total Other Western.,
course, furnish them to-day, bank clearings being made up by
St. Lonia
the various clearing houses at noon on Saturday, and hence in New Orleans
Loolsvllle
the above the last twenty-four hours of the week have to be Memphis,
Rlotamond
In all cases estimated, as we go to press Friday night. Below QaiTeatoo
NaahTllle ..
is
that
are our usual detailed figures for the previous week,
Dallas
Fort Worth
covering the returns for the period ending with Saturday Norfolk
Chattanooca,
noon June 13, with the comparative totals in 1890.
Birmlnaham
Ijexloatoo
It will be noticed that compared with the week ending June Hoaston*
hundred
oflf
of
nearly
one
current
falling
total
records
a
A the
Total Soathem,
and fifty-one millions of dollars, New York showing a loss of Total all.
one hundred and four millions. Operations on the New York OnUlde !»«w Tork.
4U.Ml.g7T
Stock Exchange show a further decline.
•Hot Inoladed In totals.

THE CHRONICLE.

912

Money

rumored change
of policy at Washington construed as endangering
Treasury stability in a word any idle gossip which
may reflect directly or indirectly upon our unfortunate
currency condition, seems to be enough to cast a
shadow over the whole industrial outlook. What we
call money is as easy as any borrower could wish,
and just now promises to be easy for short dates
through the year, even though the Government
should not add a dollar to the stock afloat. Becation of a revival of gold exports; a

—

sides,

supply

reason

every

there

is

will

be

added

made

to

expect

Secretary

to.

week

that
Foster,

the
in

said,

in

speaking of the extension of 4^^ per cents
2 per cent, that "if our hopes are realized we

will

an

address

"be

this

"to the currency

country."

of the

tion of the Secretary
to

chase

all

at

him

in

per

cent;

for

the sugges-

evidently refers to the proposal

this

city

by certain banks to pur-

the 4^s which are presented for payment and

take out bank currency on them

if

the extension shall

be fixed on a 2 per cent basis. Hence the most prominent Treasury plan under discussion, one which has
served

many

Exchange,

a turn in depressing prices at the Stock

is,

it

seems, to be carried out so as to in-

crease confidence in

it

is

light for shorter dates.

The

some
This statement contracts have been made at 5 per cent for four months on

Government has determined

extend the 4^s at 2

made

branch of the market towards the close of the
also the possibility of that condition continuing after the first of July.
We refer to the fact
that railroad companies and financial institutions who
have accumulated funds for distribution on and after
July for interest and dividends, are now liberally supplying the market and they are willing to take whatever rate they can get.
The demand is not urgent and
consequently rates are low, loans having been madfr
this week at 4
and 1 per cent, averaging 3 per
The
cent, at which renewals
have been made.
banks and trust companies quote 4 per cent as
the minimum, but they are loaning comparatively
outside
little
their regular customto any one
ers.
On time contracts the supply of funds for
short dates is also liberal, but for long periods there
are comparatively few lenders willing to put out their
money; the demand is good for any time above

five months, while
add $25,000,000 in national bank notes quotation for sixty

able to

clearly indicates that the
to

Ohio,

in

There is
which sug-

very abundant.

just now, a reason

month and

slightest indi-

Paris; the

call is

this

A

or

on

L.II.

gests the probability of there being greater firmness to

business situation continues to be unnecessarily
but keenly sensitive to every influence calculated to
mere suggestion of emaffect monetary affairs.

The

London

offering

a special reason for this

THE FINANCIAL SITUATION.

barrassments at

[Vol.

Treasury methods, in Treasury

all

to ninety days

is

4^ per cent

;

dividend-paying stocks as collateral, but the quoted

rate for this period

5^ per cent.

For

on good Stock Exchange security is
and seven months 6 per cent

five, six

and the report that 5 per cent is the rate for
must be an error. For commercial paper
One
there is a good inquiry from out-of-town buyers.
or two city institutions, other than banks, have bought
paper this week, and the city banks generally are makThe
ing inquiries which indicate early purchases.
supply is good, but not pressing, and rates are 5^ per
cent for sixty to ninety day endorsed bills receivable 5f
to 6^ for four months commission house names, and 6
to 7 for good single names having from four to six months
Four of the larger banks last week reported
to run.
surplus
of $4,247,100 out of $10,484,825 held by all
a
the banks, reflecting a more general distribution of

is

bid,

those dates

;

and in currency and monetary steadiness.
Of much the same character we fancy are the disturbing rumors based upon Secretary Foster's remarks
in Ohio with reference to the enlarged coinage of silver
dollars.
It does not seem to us that the inference
drawn from his words, to the effect that the Government surplus reserve.
is contemplating turning the whole 4| million ounces of
The Bank of England reduced the minimum rate of
silver now purchased each month into silver dollars, discount to 3 per cent on Thursday, indicating that the
can be correct. The " discretion " the Act gives under effort to maintain higher rates, by combining with the
which those purchases are made is only for a coinage joint stock banks, has been wholly abandoned. On
" of as much as maybe necessary for the redemption of Wednesday and Thursday there were disquieting rumors
"the Treasury notes" authorized by the Act. That from London and Paris, the latter being based upon
evidently means that the. necessity for dollars as a reports of a revolution in Portugal, while the London
means of redemption must first exist before any more rumor had its foundation in the fact that a prominent
stability,

can be coined ; and that necessity never can exist so
long (1) as the Government has on hand a supply of
the silver dollars coined, or silver notes issued unaer the
Act, or (2) so long as it has gold coin in the Treasury.

financial house, reorganized

as a limited

company not

long since, had met with some difficulty in lenewing
loans, but satisfactory arrangements were soon made.

This London affair is only an illustration of the trivial
matters which are daily disturbing the situation here
and which in reality are of very little moment so far
With respect to the
as our markets are concerned.
on the part of the note-holders for redemption, could revolution expected in Portugal,all the evidence in proof
prove the necessity. Besides, it is well enough to re- of it turned out to be the circumstance that Portuguese
member that the Treasurer already had on hand June bonds fell. There was a withdrawal of £1,500,000
1st 22 millions of these silver dollars created for the gold from London for Russia early in the week, and this
sole purpose of redeeming these very notes.
And there had some influence upon the markets there, the specu-

For the right

given the Secretary to redeem the notes
in either gold or silver ; hence only a present or
threatened prospective lack of both, added to a pressure
is

and prevent any necessity for
coining more, for they can never be used to increase
the silver currency since the dollars and the Treasury

too, those dollars will stay

—

notes cannot be afloat at the same time that is to say
there cannot be outstanding at once two representatives of

the same piece of metal.

forbids that, and

the law did not.

common

The law

sense would forbid

expressly
it

even

if

lation

being very circumscribed.

The

cable reports

discounts of sixty to ninety day bank bills in London 1^ per cent. At Paris the open market rate is
2i and at Berlin and Frankfort it is 3^ per cent,

Germany being due to preparations for
The Bank of England
settlements.
gained £732,000 bullion during the week. This, as we
the rise in

semi-annual

are informed by special cable to us, was due to imports

THE CHKONICLE.

JCNJi 20, 1891.

("bought"

918

open market and from Portugal ) of attempt appesrt to be made to keep within
the limit
£1,290,000, to £271,000 received from the interior of agreed on, and it is difficult to tee what in to be
gained
Great Britain, and to exports to Russia and the Argen- by going through the form of regulating the
prodoctine Uepublic of £829,000. The Bank of France shows tion when it is known and nndcritood
that no one i»
an increase of £760,000 gold during the week, and going to be governed by the action taken.
The tUUsince the last report the Bank of Germany has gained ment of the amount of coal mined
daring May,
about £262,000 of this metal.
received yesterday from Philadelphia, farniaiiea a
Foreign exchange has been dull and firm this striking illustration of the difference between
"agreed*
week. Long sterling was influenced by a scarcity of and actual resulta.
On the 2Ut of last A|iril the
commercial bills and also by easier discounts in Lon- sales agents of the companies met at the Fifth
Avenne
don, but the high rates
ruling for these bills Ilotel and solemnly re80lvc<l that the amount
of coti
brought out some loan drafts, the offerings of which to be mined by the producers du; in ; the month of
May
tended to check the advance. Were it not for the should be 2,500,000 tons in the aggr:,'ite. The state*
fact that our market for time money is in such a con- ment now submitted shows that the actual
production
in the

the

that

dition

proceeds

of

loan

bills cannot be
supply of these

was 3,339,534 tons, or no loss than 839,534 tons in
amount agreed upon. And the same diswould be greater. Short sterling has been kept firm crepancy existed in the month preceding, the oatput
by a steady demand to remit against stocks sold for having been fixed at 2,000,000 tons and the- actual proEuropean account, and also to remit for other pur- duction being 2,813,693 tons. Thns we have for the
poses, and this inquiry has absorbed the supply.
No two months an excess above the agreed output of
gold was taken for shipment this week until yesterday, 1,653,227 tons, or at the rate of about 10 million
when the engagements reached 12,500,000 in addition tons a year.
$250,000 will go out from Boston to-day. On MonBat notwithstanding the heavy production, the
day Brown Bros, advanced the long and short rates to situation, as already said, appears to be quite encourage
4 86 and 4 89 respectively, making them uniform with ing.
As against the 3,339,534 tons mined in May,
On Tuesday Brown. Bros, and 1891, the total in May, 1890, was only 3,096,551 tone
the other drawers.
the Canadian banks moved the long rate up to and in May, 1889, only 3,016,531 tons.
Neverthelees
4 86^, leaving the short unchanged, and on Thursday stocks at tidewater points were slightly diminished
Baring, Magoun & Co. also advanced to this figure during the month, amounting to 692,874 tons at the
making rates by all the drawers uniform. The market end, against 711,571 tons at the beginning. In addiclosed firm yesterday, with nominal rates 4 86^ for tion it is claimed that stocks at interior points were
60 day and 4 89 for sight. Rates for actual business also drawn down, though there is no official informawere 4 85^ to 4 86 for long ; 4 88^ to 4 88^ for short
tion in that particular. Tidewater stocks are lower, too,
4 88i to 4 89 for cable transfers ; 4 84^ to 4 84f for than at the corresponding dates of other years. That
prime and 4 84 to 4 84^ for documentary commercial is, while the amount now is 692,874 tons, on May 31
Mr. Brock,. of the Bureau of Statistics, has 1890, it was 719,939 tons, and on May 31, 1889, aa
sterling.
issued his preliminary statement of exports much as 962,066 tons, and even in 1888 812,425 tons.
week
ihis
of breadstuffs, cotton, &c., for May, and we have Allowing for the changes in stocks, we get the followarranged the figures with previous years' returns in our ing comparison indicating the probable consumption
usual form for comparison.
during the last three years.
doubtless the

placed,

satisfactorily

excess of the

;

B^POKTS OP BKBA.U8TUPP!). PROVISIOKS, COTTOli AND PETROLBDM.
JanMary 1

Vav.
1988-89.

Sxvorts
from U.S.

May.

May.

AnlhraMt

Wbest.busb.
Flour... bbl«.

Wheat, .bo.
Com... bush.
Tot. bush

.

47.405,391
10,236,881

9.8M,7S1

93.464,606

8,858.U6

1,921,701

27,090,094

10,106,072

11,806,425 120,554,700

18,964,188

992,404

Talutt.

»
10.684,018
1,493,768

t
98.483,280
16.091,026

22.93S
128.509

203,411
680,653
588,604

Rre
Oats

A meal

Barley

I

(
8.138.838
4,342,636

358,969
928,720
14,669

50,844,625
11,135,168
100,852,1

83,126,742

8,467,232
747,3081

of period

711,671

Ton*.
827,424

8,280,146

Production

3,338,634

3.096.661

7,213,286| 62,634.192

14,073,419

94,134,168
39,761,002

t
6,441.624

78,821,619
30,712.441

1,104,504

3,238,886
21,662

4,128,529

46,382

736318

16,221

472,578
836,075

8.762,866 111,045,688

148,168,770

10,630,127 104,682,383

5,146.257 246.481.418

47,273,236

4,684.3361 46,781,661

10,263,187 231,865,491
3,988436 46.158.554

Tot. value. 'i6,«ii,e48 685,420,011

36,560,506 676.236,872

84,644,806 402,762, LSO

Cotton
Petrorm.Ac.

3,584.561

* Ineludliur cattle

and boss

In all

13,04.'i,17B;

months and

1880.

1801.

1800.

Hay 31.

Ibns.

Tbns.

Tom.

Tbns.

636,662 1,028,107
904,628
3.016,631 144St,8Sl 11.820.800

6&I.1M

Hr

4,061,106

8,923.975

692,874

718,839

Disposed of

3,368,231

3,981,160 14.7«0,e0« 12,94a48T,U,T««J41
719,0901
8e2.o«e
6023741
8.010,008 14.027,610 12.tS6,SS8'U301.a7*

From this we see that the companies apparently
found a market for 3,358,231 tons of coal in May,

102,!>«5

13,684,733 138,866,022

••

Totu.

Total supply
end of period

St'k

1

12,330,231 108,866,884
9.2S6349 147.128.033
11.460,987 281,061,768

Br'dstuffe..

Provisions

beginning

.

80.221,902

6,830,123

1880.

42,916.247

Stock
4,302,298

6,e8e,9°7
798,497

Wht & flour.
Coro Ameal-

1891.

llMtmUu.

3fav.

Qtuuitltiet..

to

Coal.

years.

It will be noticed that the total value of these articles
exported this year in May is just about the same as in

1891,

against 3,204,036 tons in the

same month of

1890, 3,019,093 tons in 1889, and but 2,772,359 ton*
If we take the period from January 1 to
in 1888.
31. the record of growth is still more striking, for
the companies apparently disposed of more than 14
million tons in 1891, against less than 12^ million
tons in 1890, and but 11,804,075 tons in 1889.

May

It

is

interesting

to

note

that

the

production

months of 1891 is over 2^ million tons more
As far as statistics are any guide, the anthracite coal than that for the five months of 1800, and that tideOf the
trade is in very much better condition than most of water stocks are nevertheless slightly smaller.
from
the
come
tons
has
in
production
871,089
increase
the current reports would lead one to suppose. The
Reading)
the
by
controlled
(chiefly
region
Schuylkill
getting
entirely
satisfactory
oompanies may not be
thi«
prices, and the agreen»ents to restrict production may and 1,433,166 from the Wyoming region, which
be disregarded, but a very large quantity of coal is year has had a new outlet to market in the New York
As Ontario & Western branch toScranton, 4c. The
certainly finding a market from month to month.
concerns the fixing of the monthly output, this has Lehigh region, on the other hand, produced slightly
evidently
become a meaningless performance in less than in 1890, both for the month and the tire

May

last year.

fact

it

for the five

—

strikes

one as

farcical, for

not

tlie

slightest

month?.

THE CHRONICLK

914

[Vol. LII

The statistics have now been collected annually for
this week has been more or less
with the tendency of prices downward on three years, and the Bureau has been able to extend
the whole. There have been no unfavorable develop- the work from year to year, so as to include a steadilyments affecting the general situation or the intrinsic increasing proportion of the State's industries. The
Our stock market

irregular,

value of securities, but European buying wliich in other
years has formed quite a feature in the speculation, is

progress

made

may be judged from the

in this re.spect

that while for 1887, the

year, it had returns
from only 90 establishments, in 1888 this was increased
At the same time there is little speculative interest to 241, and now for 1889 it has returns from no less
even oti this side of the water. There was no gold than 636 establishments, covering 40 lines of trade as
taken for export until yesterday, when 13,500,000 was against only 22 lines in 1888 and in 1887. Of course
withdrawn ; the foreign financial situation has greatly even 636 falls very far short of representing the
improved, as is evident by the further reduction in the whole number of establishments in the State, but it
Bank of England rate of discount. Crop accounts, would be impracticable, if not impossible, to cover all
too, continue quite good, notwithstanding the reports the establishments in any way except by a regular cenSilver bul- sus.
We may suppose that the 636 returns which the
of damage by rain from certain sections.
active at higher Bureau has obtained embrace most of the large and
lion certificates have been more
Missouri Pacific was sold down early in the representative establishments, and hence that the
prices.
week on unfounded rumors that the dividend aggregates based on these returns cover a very considwould be reduced or passed, but recovered on the an- erable proportion of the State's manufacturing operanouncement of the declaration of the regular amount. tions. This view is in a measure confirmed by a comDenver & Rio Grande preferred shares have declined parison with the results of the Census of 1880, showing
several points on fears that the expected dividend larger aggregates, with one exception, for 1889 on the
might not be forthcoming, owing to the falling oil in 40 industries embraced by the 636 returns than the
the company's earnings.
Chicago Gas has gyrated aggregates of all establishments in the State on the
usual
fashion,
in its
and
announcement same industries in the Census year. The exception is
the
is made that the difficulties with the officials of in the case of the number of employes, where the
the City of CJiicago have been adjusted. Atchison Bureau gets a total of 75,191, while for 1880 the Censhares have been quite strong.
There is very little sus showed 81,433 employes in the same industries.
demand for bonds, and that branch of the market re- Of course, if comparison were made not merely with
mains very dull.
Yesterday, however, Norfolk & the industries which the Bureau returns embrace, but
Western 100-year os were quite a feature, selling down with all other industries as well, the disproportion
to 88 at the opening, but subsequently advancing to 93. would be much greater, for the Census reported an
The following gives the week's movements of money average of nearly 113,000 persons employed in manto and from the interior by the 'New York banks.
ufacturing during 1880. In that case, too, the aggregates on the other items for 1889 would fall short of the
Heceived
by
Shipped
by
^et
Interior
Wee* Endino June 19, 1891.
N.r. Banks. }f. Y. Banks.
Movement.
Census aggregates.
•Currency.
$3,600,000 $1,350,000 Galn.$2,2,')0,000
The Bureau does not make the mistake of attempt-

lacking

now and

this

makes a

deal

vast

of

fact

first

difference.

\

«ol4

Total

300,000 Gain.

1,100,000

goM and

legal tenilera

With the Sub-Treasury
Week Endina June

operations the result
Into
Banks.

19, 1891.

Biuiks' interior movement, as above
•mb-Treas. orer. and gold exports.

Total gold and legal tenders

800,000

$1,650,000 Galn.$a,050.000

$4,700,000
21,600,000

Out of

is:

Net Change in

Bank

Bankt.

Hntdingt.

$1,650,000 Oain.$3,OoO,000
17,500,000 Gain. 4,000,000

$2i,200.000 $19,150,000 Galii.$7,fl50.000

Bullion holdings of European banks.
June

Sank of
Gold.

England
France

Germany

27.843,690
62,888,000
....

30,789,334

Attst.-Hun'y.
Netherlands..

S.l.iO.OOO

3,914,000

Nat.B'lglum.

2,906,000

June

18, 1891.

sutler.

Total.

Oold.

£

£

£

Total.

£

27,813,.596| 21.460.054

21,460,054
50.683.000 103,671,000' 62,588,000 51,0*8,»00 103,631,000
16,394,fl«6 46,181,000] 29,394,000.14,697.000 44,091,000
5,512.000' 16.284.000 21,796.000
16,389.000 21.839.000
5,661,000
9,576,000
6,109,000 6,634,000 10,743,000
1,483,000

4,449,000

2,811,000

1,406,000

;

they also serve to furnish a general idea of the condition of the various manufacturing industries embraced

19. 1890.

Silver.

many items. In fact there are less
than a dozen general inquiries ia regard to which
information is sought, the investigations in many cases
being conducted by special agents these inquiries,
however, are of a nature well calculated to afford
knowledge on the points in reference to which the
public is chiefly desirous of having information, and
ing to cover too

4,217,000

Tot.thl8 week 138.850,930 89.610,666 213.461,596 116,874,031 89,064,000 20,i.938.034
Tot, prey, w'k 120,634.690 89,727,000 210,351,596 116.850,573 89,148,333 808,998.906

in

The

the analysis.

amount

questions are mainlj', (1) the
the value of the goods
; (2)

of capital invested

manufactured during the year embraced in the returns ;
(3) the cost of the stock and materials used in the
manufacture of these goods (4) the cost of manufacture, including wages but not including rent, interest
and taxes (5) the cost of wages separately (6) the cost
;

;

;

MANUFACTURING INDUSTRIES IN
NECTICUT-SMALL PROFITS.

of

CON-

We

have previously had occasion to refer to the good
of the State Labor Bureaus in the
Collection of manufacturing and industrial statistics.
The matter is again brought to notice by the receipt a
ehort time ago of the annual report for 1890 of the
Connecticut Bureau of Labor Statistics. The Con-

work done by some

necticut Bureau, from the standpoint in question, is
one of the best in the country, and under the intelli-

superintendence

interest
(9) the

and taxes

number

;

of

;

(8)

amount paid for rent,
the amount of the net profits ;

(7)

the

hands employed, and (10) the num-

ber of officers,

superintendents, clerks, book-keepers,

salesmen,

employed.
for
each

in

The

&c.,

summaries

results of the separate

The
of

results are presented

the

forty

industries.

establishments are in no

shown, the idea being indeed to conceal the
identity of the establishment in order to maintain the
pledge of secrecy given to the manufacturers, since the
latter, very naturally, are averse'to having their busiOn this' account, where there
ness secrets disclosed.
are only two establishments in any line of industry the
aggregates for that industry have not been inserted
This
except with the consent of both establishments.
case

gent guidance of Mi\ Samuel M.-Hotch kiss, the Commissioner, is producing a mass of statistics bearing on
the State's manufactures which possesses not only
much immediate value, but which will have added
value in the future for purposes of comparison.
of course

is_

only

fair,

and

it is

owing

to

the growing

Junk

THE

20, 1891.

CiniONICU-l

coufidenco of manufacturers that the details of their
business would not bo revealed that the Bureau has

915

takes pains to declare that in carrying on the invostiga-

tions the Bureau hat been very careful not to iligbt
and so largely to extend its the interests of the wagc-carneri ; that, " on the
conanalysis in the three years during which the work has " trary, their interests have been
continnallj upp«rbeen prosecuted.
" most." He says that though it is too early to reach »
While there are several States which occupy a much true average of results in all particulars (owing to the
more prominent position in manufacturing than fact that the investigations have not been in progress A

been able

so

steadily

Connecticut, the totals of that State as given in the Bufflcient number of years), "it is interesting
to note
report of the Bureau are yet quite large, even though, " even at this stage that while the percentage of
profits
as already said, the figures by no means cover the entire "of capital has increased, as was natural, since
the
manufacturing industry of the State ; and being so " depression in woolen and other lines three years ago,

" it yet remains on the comparatively low level
" reached by the independent conclusions of econowhich the
" mists.
It is clear that in the manufacture of
75,191 persons during 1889, and this is independent of " standard goods in all lines, capital mnst con>
the persons classified under the head of superintendence " tinue to bo satisfied with a small margin of profit
numbering 3,933 more. The amount of the capital " on a large volume of business. In this connecinvested in these 636 establishments, representing 40 " tion it is also interesting to note that with the indifferent lines of trade, was 117^ million dollars
$117,- " crease of labor-saving machinery by which the labor
361,435.
The value of goods manufactured during " cost of production has been gradually reduced, the
the year and here it is well to remark that while the " returns to capital have not been correspondingly inreturns are all classed as belonging to 1889 the fiscal " creased, which shows that the manufacturers are not
year of some of the establishments we are told extends " the parties who have profited by the reduced cost of
large they are of considerable interest

and importance.

We have already stated

that the 636 establishments from
Bureau has returns gave employment to

—

—

—

to July 1,1890
the value of the goods m^pufactnred was " production. Generally it can be shown that the ineven larger, reaching nearly 125J million dollars " creased saving of labor cost goes to the middleman,

" or the consumer, or is divided between them. The
" belief which has been current among the laboring
" people that capital is receiving an unreasonably large
tude.
Looking now to see what the component parts are in " return is therefore shown to be fallacious. Goods
the value of the 1251 millions of goods, we find that the " protected by patents or otherwise form occasional
materials used in manufacture constitute the largest " exceptions to the rule."
item, this being given at $67,228,874.
Cost of manuOf course while the net profits on the whole range of
($125,723,066).

ing

with

Hence

aggregates

it

of

is

evident that

we

are deal-

quite considerable

magni-

facture was $45,541,070, of which no less than $32,-

manufactures averages only 8'99 per cent, there are
720,018 was paid out in wages, the amount paid for some lines of business where the returns are quite high;
superintendence, «fcc., being $4,904,062. The charge but these are usually industries employing only very
for interest, rents and taxes was only $2,392,009 ; it is few men or having very little capital invested.
Thus
of course understood that the interest here included the establishments engaged in the manufacture of hatdoes

not

interest

mean interest on
on borrowed money.

capital,

To

but

simply

get at what was

ters' tools

(23*95) on

show an average of almost

24

per cent

the capital employed; these establishments,

for
capital,
we must deduct the various however, give employment to only 38 men, they have
items of cost as already enumerated from the total only $82,100 capital invested, and the total product
value of the goods, and this leaves a balance of $10,561,- was but $75,374. So the establishments engaged in the
114.
Nothing is said as to deterioration of plant and manufacture of bells netted 19-06 per cent, but
machinery and we suppose no allowance for this has the capital employed was only $316,213 and the nnmbeen made. But even as they stand the net profits ber of hands only 259.
Taking the larger inmust be considered quite small, as they are equal to dustries, the knit-goods manufacturers, with $2,286,809
left

only 8'99 per cent on the 117^ millions of capital and capital and employing 2,703 hands (the number of
to only 8*4 per cent of the 125f millions of goods employes being in all cases independent of those
manufactured.
The Bureau regards the results as engaged in superintendence, &c.) these knit-goods
entirely trustworthy, for speaking of the statistics in manufacturers would appear to have done quite well,
general the Commissioner says that they " can bo relied as their not profits average 15*46 per cent. The hat
" upon as the closest approximation to facts possible to manufacturers, with $3,607,960 capital and 5,443
" be obtained, as the statements are made up from the employes, netted 13*18 per cent; the machine shops,

—

"books

of the companies

and the best information with 4,489 hands and $3,428,884 capital, netted 1*2 per
manu- cent; and the silk establishments, with 3,940 men and $6,
Other large
748,640 capital, netted 12*03 per cent.

*'

available, with the cordial co-operation of the

*'

facturers."

In the railway world of course we have become accustomed to still lower returns, but that on a wide range
of industries in an important manufacturing State like
Connecticut, and on returns from 636 separate establishments, the average net profits should be less than
9 per cent (and this presumably without any allowance for depreciation of plant) of the capital employed
and less than 8^ per cent of the value of the goods,
offers new and very striking proof of the small returns
and narrow margin of profit at which the producer is
obliged to work now-a-days. Bearing on the same point
Commissioner Hotchkiis makes some observations which
»r» ih9 ai9ir« unport«at lince the Commissioner

indastries indicate

much

smaller profits.

The

brass

industry, where 48 establishments give employment to
no less than 11,323 men, and where the amount of capital reaches $18,800,744, shows only 9*19 per cent

hardware, with 6,333 hands and $7,631,941 capital, shows 8*10 per cent profit. In woolen
goods the establishments reporting employed 7,339
hands and had $12,165,059 capital, but the avenge
profit; general

:

was only 7*57 per cent. In silver-plating, with
4,286 employes and $9,929,084 capital, the return waii
7*66 per cent.
In the manufacture of cotton fabrics,
a large industry with $20,171,796 capital an.- 0.190
.«
employes, the profits were but 6*14 per oaiy*
profit

•

.

IHE

916

CHRONICJLEL

ber goods, with 3,419 employes and $6,056,360 capital,
show but 3 "43 per cent profit.
The comparisons on these industries with other years

comprehencomparison
the
between
1889
and
1888
Thus
as
siye.
embraces only 238 establishments and but 23 industries.
These 238 establishments show $6,501,558, or 7'42 per
are also interesting, but are of course less

cent, profit for 1889, against $7,228,161, or 8-44

per

however, occurred in brass, and it may be that the diminution there was connected with the fluctations which

cent, for 1888.

More than the whole

falling off,

occurred at that time in the price of copper, a conelement in brass; certain it is that with an
increase in the value of the goods manufactured of
only $1,087,873, the value of tlie stock and materials

stituent

used increased $1,821,746, reducing profits to the
Twenty-eight establishments
extent of the difference.
It is quite noteworthy that
are included in this exhibit.
in the three-year comparison, where only 13 establish-

ments are represented, the
industry
larger,

instead

of

indicating

profits for 1889 in the brass

being

less

than

for

1888 are

much shrewder management on

[Vol, L'I.

giving an account of the work done by the Committee
under the plan of reorganization submitted to the security holders in April, 1889
only a little over two years
ago.
The members of this Committee were Mr.
George Foster Peabody, Mr. James C. Parrish, Mr.
Joseph D. Potts, Mr. Frederic P. Olcott, Mr. Charles
J. Canda, and Mr. Barthold Schlesinger, and their
report, as is natural, deals mainly with the results which
have followed during the time since which the plan was
carried into effect and the changes in physical and
financial condition, as also in operations, which have
occurred during the same period. It seems desirable,
however, to recall a few other facts in order to get a
clear understanding of the problem which confronted
the Committee and the management.
Looking back two years what was the situation ?
We find in the first place that the timo had come
whore the company after having funded for a number
of years a part of each coupon as it fell due on the old
sixes, would be obliged to pay the 6 per cent interest
This of course raised the
per annum entirely in cash.
question whether under the then existing conditions
the property could be expected to earn regularly and

—

the part of these establishments in overcoming or anticiBut that
pating the fluctuations in copper than on the part of in full the money required for the purpose.
half
only
the
problem.
The
possession
some
was
situation
in other
remaining
establishments,
or
the
of
the
respects required prompt attention and vigorous treatother advantageous circumstance.

Taking all the various industries together, the three- ment. Colorado and Utah had become the seat of
jear comparison covers 85 establishments, and these great activity iu business and railroad affairs, and railshow improvement in 1888 over 1887 and in 188 9 over road ofl&cials were making preparations to get a share of
But the increase has been from a very low per- the increase in traffic which this industrial develop1888.

—

—

5-98 per cent in 1887 and even
improvement the average for 1889 is only
7"57 per cent.
The change has followed chiefly because
of better results on a few leading industries, like
woolen goods, silk, machine shops and general hardWoolen goods, for instance, which netted a
ware.
loss in 1887, show 4-73 per cent and 4-27 per cent
profit respectively for 1888 and 1889.
It is also worth
noting that in the case of cotton fabrics, where six

centage of profits

ment promised.

after the

large establishments are covered, the profits diminished

from 6-72 per cent

in 1887 to 5*43 per cent in 1888 and
to 5 '19 per cent in 1889, a result which accords with the

experience elsewhere in that

line.

A SUCCESSFUL REORGANIZATION
Kailway reorganizations in recent years have been of

a somewhat different character from those of previous
years, and they have also as a rule been more carefully
and more skilfully formulated and carried out. It is
seldom, however, that a scheme of this kind can after
the lapse of years

— when

enable a correct judgment

sufiicient

time has passed to

—be regarded as having been

and successful, in the sense not
the approval and co-operation of
security holders and the commendation of the public,
entirely satisfactory

only of having

won

but also as having placed the property to which the
treatment was applied on a sound and safe basis, with
adequate provision both for present needs and future
requirements. Nearly always, after the lapse of time,
the thought impresses itself on the mind that had certain features of the plan been different the undertaking would have been better calculated to meet all the
requirements of the caee.

Several of the larger Western roads, like the

Rock

had extended

their

Island, the Missouri Pacific, &c.,

lines to a connection with the Colorado system of roads,

J

was evident that measures would have to be

1

and

it

taken for furnishing a satisfactory outlet for the
of

these

various

new

lines.

The

Denver

traffic

&

Rio

Grande and the Colorado Midland constituted the connecting links between the various lines reaching into
Colorado from the east and the Denver & Rio Grande
Western on the west. These lines into Colorado were
all standard gauge, the Colorado Midland was also
standard gauge, while the Denver & Rio Grande, originally narrow-gauge, had laid a third rail over parts of
its line and was preparing to change other portions of
The Rio Grande Western
the route to standard, too.
on the other hand was entirely narrow gauge. What
was the management to do under the circumstances ?
Clearly the Western was not adapted for handling the
enlarged volume of through traffic in prospect, and
besides, the mere fact that by the use of the Western
a transfer of cars and freight would be necessary at
both of its termini barred the road out from getting
any extensive amount of such traffic. The only question, therefore, was whether the "Western people would
change the gauge of their own road, or permit the con-

In the latthrough traffic would necessarily go to
the new road, and in addition the Western would undoubtedly lose some of its local traffic. In that event,
too, the query whether the Western could be expected
to earn full interest on the old 63 could admit of but
one answer.
But to change the gauge of the road would require
The reorganization of the Denver & Rio Grande a great deal of money, and further sums would be
Western now the Rio Grande Western— does not necessary in order to provide adequate equipment and
seem to be subject to this criticism, and we are moved rolling stock. How was this money to be obtained ?
to these reflections by the appearance this week of the The old 6s stood in the way of a separate issue of
struction of a rival road for this purpose.
ter case all the

,

—

report of the Reorganization

Committee

of that road,

bonds for

this purpose, hecause

such issue would have

JURB

THE CHRO]NICLE.

SO, 18dl.|

917

The management accord- gauge route via Grande Junction (tran«-abipment or«r
new issue of bonds at 4 per cent the Denver A Rio Grande old narrow-gauge line having
take up at par the old bonds ($600 iu pre- previously been necessary), the company earned #60,-

ranked after the old bonds.
ingly proposed
sufficient to

a

ferred stock being given with each $1,000 of 63 to

324 in excoM of

cover the certificates representing the biu;k interest

of 5 per cent per

which had been funded, and

compared with the corresponding period of the year
preceding both gross and not earnings increased aboat

also as

compensation

new

the reduction of future interest), to provide
for

changing gauge,

etc.,

and

at the

for

capital

same time leave a

reserve for the future development of the property.

In other words, as against $0,900,000 old 6s (with
11,345,500 coupon certificates attached bearing 5 per
cent interest) $16,000,000 of

new

4s were created.

It will be seen that this did not provide for foreclosure,

and

in point of fact the old

company met

all its obli-

gations under the refunding plan of 1884 just as

had agreed.

Of course the

clearly to the bondholders,

**

"
"

was

set

it

charges and dividends at the rat«
the prefurro<l stock.
As

annum on

50 per cent.
Bearing on the enhanced value of the securities, per*
haps the best illustration that can be famished is to

compare the price
of the

now

of the old 6a with the present value

securities received in exchange.

1,000 old 6i » 7S (Jul., 1880)
1,000

600

41 • 76>t
preferred ttoek

new

« 70

«76S00
41000

STtOOO
i.igaoo

out

943S0O

DilTerenoo

but as the Committee say

This shows that the investment coating $750 in Janis worth to-day $1,185 as a result of the
within the power of your Comraittiee was an appeal
reorganization, the change in the financial and physical
to the judgment and general sense of fairness of the
condition of the property, its increased earning capasecurity holders, the plan submitted having been
city and the company's improved credit.
devised with the single idea of equitably protecting

in their present report,

"
"

situation

all

all

"

the only means of influence

uary, 1889,

the interests involved."

The

result of this effort

is

THE GREAT SIBERIAN RAILROAD.

seen in the acceptance of

the scheme by practically the whole of the bondholders
—all but $27,000 out of a total of $6,900,000, the
amount in dissent being so small as hardly to merit
notice.
But the plan has been just as successful in
other particulars (1) in changing entirely the physical condition of the property; (2) in placing the finances in sound condition; (3) in leaving capital for future
requirements; (4) in increasing the earning capacity of
the property; and (5) in enhancing the market value
:

of the investments of the old

holders.

On

the

first

The reading
fact that

sian

it

public has long been familiar with the

was one of the great schemes of the Rus-

Government

to build a railroad across the Conti-

nent of Asia, which, running through Siberian territory,
would connect St. Petersburg with Vladivostock, the
new Russian naval station on the Pacific. The rumors,
however, as to what was to be done and as to what was
being done, were different at different times, and
sometimes contradictory. Within the last few weeks,
and especially since the visit of the Czarowitz to Vladi-

gauge improvements were vostock, when he laid the first rail of the great railroad,
made in the way of securing easier curves and grades, clearer light has been thrown upon the situation ; and
shortening distances over the main line, providing we now begin to have, some definite knowledge of the
heavier rails, etc., etc. We are told that altogether the plan and prospects of the great undertaking.
Until very recently the belief was encouraged that
new main line constructed exceeds 100 miles. Then
a large amount of new equipment was acquired, and the work on this road would not be carried on with
this equipment was provided with all the latest applian- any great haste, and that probably ten or twelve years
It now
ces and attachments, such as air brakes, automatic might be consumed in its construction.
forward
with all
pushed
Altogether
work
is
to
be
that
the
etc.
appears
couplers, steam heating from engines,
is
have
the
intention
to
purposes,
that
the
speed,
and
various
possible
these
net
spent
for
was
$4,470,579
The reasons given for
It line open for traffic in 1895.
$766,837 of the amount being for new equipment.
point, beside the change of

is

also stated that a considerable part of the old mate-

this haste are various.

It is authoritatively stated that

taken up in charging the gauge was used in the while the Russian Government is most anxious to mainconstruction of a branch line extending from Thistle tain friendly relations with the Chinese, it is at the same
time extremely afraid lest that nation should have deon the main line 61 miles south to Manti.
As regards the finances of the new company, there signs on the rich and fertile province of Ussuri, which
has been not only no difficulty in meeting charges, but lies immediately to the north of Manchooria, and the
dividends have been begun on the preferred shares, possession of which would give the Chinese the control
rial

of the company has been further im- of the Amoor River at its most valuable point. Insuch
proved by the issue of preferred shares to provide in part a case Vladivostock would be practically useless.
The view taken of the situation by the Russian authorthe necessary means for capital requirements (with
the conservative idea of keeping the reserve of bonds as ities has found encouragement from the reports that the
large as possible), stockholders having only recently had present enlightened ruler of China is much under the
an offer of " rights " in connection with such issue of influence of certain of the representatives of the WestAs for future needs, the company still has a ern Powers ; that yielding to these influences he has
stock.
balance of 1^ million dollars of preferred stock which resolved to construct a railroad from Pokin to the
may be issued and a reserve of $2,000,000 of 43, only Amoor ; that the route for such road has already been

and the credit

$14,000,000 of the $16,000,000 new bonds having been surveyed by British engineers, and that the ultimate
Moreover, the report says that the company object of this line is not only to place China in a posihas no floating debt, but a large balance in bank to pay tion favorable for the defjnsj of her own province of
Manchooria, but to enable her to threaten, and, if the
for current capital expenditures.
In reference to the course of earnings, a statement occasion should justify it, to cut off the Uasuri prov-

issued.

submitted to show that during the nine months from ince from the rest of Siberia.
It is no secret that China is much oppMod to the
July 1, 1890, to March 31, 1891, which covers only
of Russian strength on her nor theastem
development
four months of the operation of a through standard-

la

THE CHRONICLK

918
border;
etation at

and the establishment of a great naval
Vladivostock—a station which would ultim-

only give Kussia complete command
a commanding
River but secure for her
greatly favored
not
is
position in the North Pu,cific
however,
has set
Rassia,
by any of the great Powers.
of the

ately not

Amoor

—

her heart on this station.

She

is

determined to have

Two governors-general of Siberia, Baron KorfE,
it.
and Count Ignatiefl, have spoken with great emphasis
on this subject, urgently pressing the Government to
make

of Vladivostock a strongly-fortified naval strong-

Of course
real value

fectly

the importance of constructing the Siberian railroad with
as little delay as possible, giving as his reasons that in
the event of a war with China it would be difficult,

into a

district from Manchooria, and that the Chinese
Government was paying special attention to the development of the economic and military resources of that portion of their empire which bordered upon Siberia. M. de
Giers laid stress upon the fact that for seven months of
the year they were practically cut off from their possess-

ions in northeastern Asia,and that such a state of things
could not be contemplated with indifference in view of
possible collision with any of the great

As the result of this prevailing Russian sentiment, we are now told that the whole sum available for

and other like purposes shown in the year's
budget is to be devoted to this work, other public
works to be allowed to get on as best they can under
railroads

the management of private companies.
It is thus made tolerably certain that within a
Tery few years from now Russia will have a

all this is

of the

more or

interior

less

is

as yet imper-

known

Hitherto we have

known.

The

problematical.

of Siberia

of misery, as the last

hold of tyranny.

it

as the

and most hateful strong-

Time will tell whether it is possible
made hateful by Russian brutality

to convert the place

home

of liberty

and happiness.

RAILROAD NET EARNINGS FOR APRIL.
Our statement

for the

month

of April

shows that

-net

earnings as a whole on the roads reporting have kept
fully up to the large totals of a year ago, notwithstanding that several circumstances and conditions operated
to reduce results the present year.

To say this

equivalent to saying that the exhibit
tory one, for not long ago a

come was looked

for, as

much

is

less

is

really

a very satisfac-

favorable out-

we have often before remarked

in these columns.

The changes

European naval are

Powers.

LIl.

mineral wealth on the east side of the Urals; regarding
the agricultural and eattle resources in the Chelabinsk
Territory, a rfch territory on the west side of Tomsk
and watered by the Obi and its tributaries; and regarding the undeveloped gold industry on the Yenissei and
Olenek, as well as upon the probable rich resources
of the territory to the extreme east.

hold, and to connect it with western Russia by a continuous line of railway.
As late as the middle of May last M. de Giers urged

Amoor

Vou

value of the tea trade; regarding the development of the

home

things being as they are, to defend the district of the
Amoor, that the Chinese were already pouring into the

[

in the comparative aggregates for April

magnitude than those for most of the
preceding months of the year, but it is noteworthy that
the results as regards net earnings are better than the
Thus, in the case of
results as regards gross earnings.
the latter the total is only slightly larger than a year ago
the net there is an
($86,606) but in the case of
increase as compared with April, 1890, of $524,574, or
3-41 per cent.
We may suppose that the improvement in the net is owing in part to the better mainteof smaller

the east of the Ural nance of rates, in part to smaller outlays for bettercontinuous from
It is quite man- ments, &c., as against very heavy outlays for this purMountains to the Pacific Ocean.
ifest, also, that the reasons for the construction of pose last year, and in part also to the rigid policy of
But for the po- retrenchment pursued by many roads the present year.
this road are in the main political.
litical reason, it would not be unreasonable to conclude,
The following furnishes the comparative aggregates.
the line might not have been built for another hundred for April and the four months.
years.
There are those, however, who are of the
January 1 to Aprils.
April.
opinion that the road may prove even more advan(133 roaSt.)
(135 rood!.)
tageous from a commercial stand-point than from a
1890,
1891.
lr*crea%e.
180O.
1891.
Increase.
political or military point of view.
Such persons point
t
%
t
$
8,306,333
88,808 305,757,467 199,551,234
to the vast mineral resources of central and eastern aross eam's 62,987,642 62,901,038
Oper. exp... 37,081,396 37,519,364 Deo.t37,968 146,003,532 112,691,611 3,311.921
Siberia, and ask us to consider their value now and to
524,571 59,753,935 66,859,623 2,894,312
Net eam'a 15,906,218 15,381,672
think what they might become if the country had all the
advantages of railroad communication. They point
As investing these results with increased importance,
to China and Japan, and ask us to think of the it should be remembered that the comparison is with
valuable overland trade which might be developed heavily increased totals a year ago, especially in the case
with those countries. They point to what they call of the gross earnings. This remark has been made in
the success of the Canadian Pacific, and claim for the connection with the results for the preceding months,
Siberian line more favorable prospects.
but it applies with especial force to the exhibit for the
It is not denied that for some years the road would month of April.
For that month last year our comhave to be subsidized. But, according to a correspond- pilation showed a gain in the gross receipts over the
railroad

ent of the London Times, the subsidy the Russian year preceding in the extraordinarily large sum of 16,Government has calculated would not, at the heaviest, 516,418, and even in ratio the gain amounted to nearly
exceed 11,250,000 yearly.
The following figures 14i per cent— 14-43 per cent. Yet there is no loss at
have been given by
the same writer.
Suppose all the present year in the aggregate gross of the 135
the

line

to

cost

thirty-five

millions

sterling,

the

annual expenses would amount to about £3,481,000,
being £1,400,000 for interest at 4 per cent and about
£2,000,000 for maintenance and management, while what
might be regarded as certain revenue would be about

roads contributing returns to our statement, but as already stated a trifling increase, and this in the face of

the many unfavorable conditions prevailing, which
have been so many times noted in these columns, ad
the coke strike, the falling off in ore shipments, the de£3,224,000. The subsidy, therefore, would be as near pression in the iron trade, the inactivity of general busas might be £250,000, or as we have put it above in iness, and a contraction in the grain movement as
doli..is.
Great expectations are formed regarding the well as in the provisions and live stock movementj

Joke

20,

THE CHRONKJLE.

im.]

Tho gain in not oarniaga
much smaller in uinount

year was of courao very
tiiau tho gain in gross, and

last

919

there] wu no
lo» ia
net
at
all,
but a gain of $100,174, and the road therefore
yet it aggregated close on to two million dollars (#1,- appears
among those which have enlarged the totala of
948,884), and in ratio was oven slightly heavier than their not in largo
amoauti. Tho Atchiion alto, wbieh
tlie gain in groas, reaching 14-81 per cent.
This is in some past months lost quite heavily in net, for
April
now followed, as we have seen, by a further gain in not has a gain, though the amount
is not

expenaef,

largo

the present year of $524,574, or 341 per cent.
Below
we furnish a summary covering the last five years,
both for the month and the period since January 1.
(7 AIM

April.

Year

Oiom.

ITtt

Inertaae or

Precedin

Year

Deerfaae.

i.

Oltvn.

Bamtnti
Tutr

Ineftot

PrtaS't.

t)tert<uf.

;

*

I

1()S7( 69r'ds)

si.Aio.afii

87.57«.4«7

-K.03S.8U

1S98( Sgr'da)
1830 ( 97r'<lsl
1800 (1:28 r'ds)

S7 .821.575

3«.1M,817

+1.630.8J8 11,480.938 11.802.974

-322.436

ie.«47.27»

41.289.8ea

+912.6IS7

61.807.583

18»l(135r'd9)

52.087.612

45.151.175
52.001.036

t-l.36e.410 'l«.816,S42|]I,873,«8S
+6.S1 8.418 16,105,728 13.136.844

1887 ( 69 r'da)
1888 ( 74r'()«)
1889 ( OJr'ds)
1800 1128 r'ds)
1801 (183 r'd»)

10,e7S.«7«l 8,850,614 +1.813.826

+1 948

1

+66,606 16,90a,346;i5.881.eT2{

881

+'624]574

123.383.529 103.740,307 +17.577,132 41.273.097 32.796,31)6 ^ 8.476.791
130.611,724 127.538.0Jl| +8,072.773 37..n4.344 43.439.209-6,114.955
182.507.254 153.S00.3ft7{ +9.206,8 >7 47.073.48a'41.364.648 +6.606.840
1»*,S17.92: 175,003.501 +19.21 1,424 55.378.206 tO.190,460 +6.727.718
805.757.467 199,551,2341 +6.80e,»}3 MI.763,935!06,B69.823l -f 2.89I.S12
!

With only small changes from

year in the aggre-

or systems are not so prominent as heretofore.

many

of these

and on both

Still,

sides of the

Taking tho gross earnings, the record

account.

is

as

Canadian Paclflo
Louis*. N. O. A Texas
Central

Cbic. Mil &.St. Paul
Buff. Koch &. Pitts

Mexican Central

AOhlo

$287,824 Central of Georgia
177,407 Norlolk A Western
122,030 Rio Grande Western
10H,594 N. Y Ont. A West
77,054 Burl. Ced. R. A Nor.
76,582 Atchisuu A San. Fran. . .
76,005

LABGK DECREASE8
Union

$73,521
70,641
62,724
S3,:iS7
47,.'i79
.

46,S62

IN GROSS EARNINGS IN APRIL.
Grand Trunk of Canada.. $123,500
N. Y. L. E. A West
Ill .725
Southern Par. (li roads).. 107.241
Pitts. Vouug.^. A Ash
58,776

Paclflo '9 roads) ..$3.55.397

Chic Burl.

April exceeds $40,000, and also those whose decrease
exceeds that amount.
LAKOC tNCREACKS
Canadian

Paclfle
1*10. Burl. A IJidiicy
Central of Geuricia
LoulH. N. O.
Texas

A

Mnxican Central
CUc. .Mil. A St. Panl

BABXIIIM III AnUL.
RostTenn. Va. AUeo.... aM.IOl
Riiltlinorn A Ohio
53,448

IK SIBT

$150,323
106,174
73,241

6H,im

Norfolk A Western.
Bnrl. Ced. R. A Npr.

47.993

60,571
Btf,8U

Chea-AUblo

41,109

LARGE DECREASES

4S317

W NET BABHtNOg IB AFRIU

Union

Paclflo (9 roads)... 9109,074
Peiinsyl viiiila
79,237
Grand Trunk of Canada.. 74,500

Pttt«l>urir

S. Y.

L. K.

Ucnvor

A

A Western
A West
Rio Orande

(SS.eM
4S.4A«
40,006

74,195

Thus there are only seven decreases of large amount.
The Union Pacific (system entire) leads with $109,974 ;
then comes the Pennsylvania with $79,237 the Orand
Trunk of Canada with $74,500 the Northern Pacific
with $74,195 the Pittsburg & Western with $52,909
;
;

;

4 Quincy

Penn^jlvauia

A Reading,
Coal A Iron Co

Plilla.

Total Pbila.

A

257,416
240,354
66.670
89.S81

Reading. $156,551

Baltimore

A

Ohio

51,242

|

As regards the roads which here show

large decreases

in gross, they all had heavy gains a year ago.

the Denver & Rio Grande
with $40,006. All these had larger or smaller gains
a year ago, the Erie and tho Northern Pacific being
perhaps the most conspicuo.is. The former then had
$155,017 gain, against its present loss of $45,456, and
the Erie with $45,456, and

LARGE INCRP.ASEg IN GROSS EARyiXGS IN APRIL.

Ches.

list with those especially distinguished
heavy amounts of increase. In tho following we
show all companies or systems whoso increase in net for

;

follows.

Illinois

a place in the

Northern Puolflc
last

gate, large increases or decreases by the separate roads

there are a good

(ira

system entire, including the lines
half owned, on which tliero is a loss) to give the roada
for

Earning:
Year

enough

are speaking of the

Taking

a few at random, the Union Pacific system which

now

•hows I355,.397 loss in gross, in April, 1890, had no
less tlwu $771,746 gain.
The Pennsylvania then had
$586,987 increase, of which it now loses 1240,354. The
Erie then had 1392,024 increase, against the present
loss of $111,725, and the Baltimore & Ohio then had
1343,110 increase, while now it loses only 151,242. In
most instances, too, the losses the present year have
followed from special adverse conditions, such as the
coke strike, the smaller grain movement, or some other
similar circumstance. As regards the roads which have
large gains in gross earnings the present year, exami-

the Northern Pacific had $163,253 increase, of which

$74,195 has

As

now been

lost.

which have this year improved their
net in large amounts, these are chiefly of two classes
namely. Northwestern lines and Southern. Among the
former the Burlington & Quincy has been already mentioned, and in addition the St. Paul and the Burlington
Cedar Bapids & Northern are both prominent in the
same section, the one having enlarged the total of its net
$59,814 and the other $46,317. In amount of increase,
however, the Canadian Pacific leads all other roads,
that company having for some time been noted for its
very good returns its gain for April is $159,323. The
Mexican Central with $60,571 increase, and the Baltimore & Ohio with $53,448 increase (the latter following entirely from reduced expenses), are roads outside
of the two sections from which most of the large gains
come. The South has more of such large gains than
the Northwest, the Central of Georgia reporting
$73,284 increase, the Louisville N%w Orleans & Texas
for the roads

;

few which were distinThe Atchison fur- $68,736 (comparison for this road is with the period of
nishes a very striking illustration, having gained the floods in the Mississippi last year), the Eist Ten$46,862 in addition to an increase of $425,378 last year. nessee $54,191, the Norfolk & Western $47,992, the
When we come to the net earnings, we find a much Chesapeake & Ohio $41,105.
The Southern roads and the Northwestern are also
smaller list of large decreases than in the case of the
the
in
ones which make the best exhibits as a whole when
smaller
decreases
gross, and the
are also much
amount as a rule than heretofore. Some roads which we arrange the roads in groups in our usual way. There
previously had been quite conspicuous for a heavy con- are no other roads which show such large ratios of inbarring only the Mexican group, which,
traction in net this time do not appear at all in that crease in net
list, having managed through tho rigid practice of however, includes only two roads, namely the Mexican
nation of the

list

reveals not a

guished in the same way

last year.

—

economy

to cut expenses

diminution in gross

down

sufficiently to offset the

—in some cases

sufficiently to con-

vert a loss in gross into a gain in net.
This is what
occurred on the Burlington & Quincy, which in the
months preceding reported such large losses both in
gross and in net ; for April, as we have seen, there was

decrease

still

a

but

owing

to

in gross in

a

the

reduction

sum
of

of $257,416,

$363,590

in

Central and the Mexican National.

The percentage

ot

increase for the Southern group is 26*93 and for the
Northwestern 15-19. In tho latter case the gains, too,
are quite general, the Wisconsin Ccutnil, the St. Paul
& Duluth, the Des Moines «k Northwestern and tho
Quincy Omaha & Kansas Citj being indeed tha
only ones out of the roads included whicb da
The low*
participate in the improrement.
.not

THE CflKONlCLE.

920

Central, the Sioux City & Northern, the Milwaukee &
Northern, the Minneapolis & St. Louis, the "Soo" road
and the Keokuk & Western all present very good reIn the Southern group 13 roads out of 33
turns.
fall behind, but these 13 are mostly minor roads, and

the falling

The
and

off is

Louisville
is

&

not important or significant as a rule.
Nashville has a decrease of $83,127,
prominent road among the num-

really the only

ber; the decrease, however,

is less

than 5 per cent, and

The Kansas City Fort

Silverton.

increased

Gross Borreinos.
1S91.

1890.

ltnes..(llj

Northwest 'n (33)
Southwest 'n.. (8)

4,523,496

1891.

»

t
14,003.262
3,651,023
6,028,076

Mid. We8t'n.(24>

14,649,912
3,562,939
6,033,494

10,839,231
6.491,195
6,043,871

5,902,916

1,784,398

6,177.607

East'n&MiddS;
Mex'n roads. .(2)

1,486,155

1,443,815

1,312,972
446,867

911.334

831,024

Tot., 135 roads

62,987,612

62,901,036

55,291,450
13,851,665

Paciflcroads(lO)

South 'n

r*dB.(33)

a considerable gain in gross receipts 1588,280, or 9 -97
per cent and doubtless the larger cotton movement

Jan.ltoMiiyl.

Trunk

llnes..(ll)

Mid. We8t'n.(i54)
Northwest'n{12i

54,327,037
14,439,736

B.

A

>..

Kast of Onlo.

York & Pennsylvania,

S. Y. Lake Erie Sc -Vesfn Kan. C. K .
Ohio & Misssissipi.
Silverton.*
Pennsylvana.

the three roads in the Pittsburg

& Western system and the
Coal & Iron Company; all the
have done
last

decrease

cent

well,

in

(last

1501,777

& Reading

net
year

trunk
of
in

line

group

$123,775,

April

increase^ or 13-18

Wabash

per

records a
2-86
per

or

group

this

cent),

but

had
six

of

the eleven roads given under that head contribute to
The six in question are the Grand
the falling off.

St. L.

Mil.

(consol. system.)

Trunk, with the Chicago & Grand Trunk and the Detroit Grand Haven & Milwaukee, the Erie, the PennAmong those
sylvania and the Peoria & Eastern.
with improved net, the Baltimore & Ohio and the
Wabash are prominent, the latter having increased
from $198,271 in April, 1890. *o $236,742 in April,
1891.

L. Alt.

So.

7,667,875
5,274,015

9,891,622

+2,972,147

30-06

7,551,040

-f883,320

11-41

4,404,998|

+521,130 11-90
+19,172
1-4S
+216,643 21-11

1,342,633
1,021,418

+3,894,312

56,859,62;

Gulf A Chicago.
Jack.

&

iSan Fran, sys.

Tampa x

tC.

S.

Louis, ^t. Louts

Vlcmphis

!^.

Nash

New

& Men.

5-oe

W.

St.

Toledo A. A. & N. Mich.
Toledo Col. & Cin.
Toledo & Ohio Central.

Joseph

& Gram

& W.

A

Lex.

Orle-ins

St. Louis.

A

Gulf,

IV.

Amer. & Mont,

^oiith (Jaroliria.

Tennessee Midland.
Wa'ih. -outheru.

Wnghtav. A Tennille.
Coal Companies.

A Pitts.
New Jersey
A We it.

Buff. Roch.
Ilentral of
-V.

Y. Su8.

Phila.

C

»al

A

A

R;jadinsr.

Iron Co.

Pittsburtr A Western.
Pitts. Clev. A Toi.
P.tts. Paines.

Isl.

A

Fair

Summit Hranoh.

Lykens Valley.
Western N. Y. A Penn
•

Montana Union.
Leaven. Top. & Southw West Va. Central.
Mau. Alma
Bir.

&

Burl.

&

Eastern A Middle.
Allegieny Valley.
Baltimore A Potomac

Atlantic.

Camden A Atlantic.
Lehigh A Iludson.

Cape Fear & Vad. Val.
Central of Geor>:ia.

&, Lake Brie.
yorttiivestem.

A

Ohar.

Petersburg,
fiich. X Petersburg.
S

Southern Roads,

Wheel.

A

Ch'iL.

Norfolk A Western.
Ohio River.

All other lines U-P. sys.
Central Branch U. P.

&T. H. BrVhs.

Toi. Peoria

8-41

2-82
-442,968
1-04
-43,783
—435,199
6-75
—778,160 14-75

Pacijtc Roids.

Lake Erie & Wentern.
Louisril e N. Alb. & Chic.
Pittsb. YountfS. (t Ash.
Sag. Tnsco. & Huron.
•*t.

-f624,674

16,693,015
4,110,009

4,067,236

3an. Kran. & North. Pac.
So. Pac— Pac. System.
Gal. Har. AS. A.
Louis. Western.
MorKin's Li. & T.
Ulifin Joliet & tCa^^tern.
N. V. Tex. & Mex.
l^'liut Jk ^ere .Warq.
Texas & iVew Orleans.
Qrand Raoids & Indiana. Dnion Puclflc—
Cln. Rich. & Kt. W., Ac.
Ore. Sh. L. A Utah Nor.
Illinois Central.
Oregon Rv. A Nav. Co.
Ind- DeciturA West.
Union Pac. Den. & Gulf.

&

-f83,721

6-9T
36-41

16,250,057

Clevela id & Marietta.
r>et. day City St Alpena.
Det. Lana. & N«-r.

K. Allianr-o

2-94

H 29,117

16,581,672

Canadian PHCidc.
Northern Pacific.
Rio G-and-) Western.

Baltimore <iOhi »S mthw.
Chic. & '^ esr. Mien.
Cleveland Akron dt Col.
Cleveland & Canton.

Lake

—39,762

309,934

H »ads jointly own.
Colorado Midland.
Denver Jfc Rio Ur.

MifUtle Western.

other roads iu that group
the gains generally following gains

The

year.

Philadelphia

Havei &

-(-36,628[
l-0»
f878,669! 28-98

Atoh.Top.A Santa Ke Sys. :LouiBViileA Nashville.
Roads jointly owned J^. Lomsville N. O. A Texas.

Grand Trunk of Canada.
Chic.&Gd. Trunk.
Det. Gr.

3,565,887

1,405,839
1,352,734

SDiittiivestem.

Wen

7-46

-f283,420 16-19
-28,108' 1-97

15,906,246

—

B. & O..
of Ohio.
Olev. Cin. Chic. & St. L.
Peo. AEistern Div.

-76,136

1,031,714

1,733,082
1,327,334

23,983,238

year in this month had as much as 36-95 per cent
gain: the falling off the present year is less than 3 per
cent, and is contributed entirely by the Western New

[P. O.
f
-123,7751 i-Se

t
4,330,139

417,750
227,203

7,132,876
proved of great advantage to these roads.
Southwest'n..i7) 17,052,534 16,670,606
4,496,865
Aside from the groups already considered, namely Paclflo roads (18)1 «, 766,858 37,426,62 i 12,863,769
South'n r'd8.(33)j 27,238.416 25,427,847
8,416,360
the Southern, the Northwestern and the Mexican, the Coalcomp's..a2j 19,7;i8,126 18,040,004 4,939,128
Ela8t'n<<tMida3)
5,470,261
6,324,608
1,381,805
gains in net earnings are quite small as a rule, and in
Mexican rds.(2) 3,606,739 3,524,187 1,237,059
trunk
line
the
group,
the
Middle
Westthe case of
Tot., 133 roads 205,767,467 199,551,234, 69,753,933
ern and the coal companies there is a falling off in
NOTB.— Included uxder the head of—
no instance large, however. The coal companies last
Trunk Lines.
Wisconsin C intra).

23,049,735

Inc. or Dec.

1890,

t
4,306,384
945,678
1,996,502
1,301,236
3,602,415

4,434,754
10,965,646

Coal conip'8..(12)

—

^et Eaminot.

April.

Trunk

& Memphis

Scott
net from $84,315 to $100,665.

its

follows an increase of 152,007 in the year preceding.
From our summary by groups further below, it will
also be observed that the Southern roads likewise record

—

[Vol. UI.

New York &

Chattanooga Union.

Northern.

Cheraw & Darlington.
N. Y. Ontario A West.
Ches. &ohto.
Northern Central.
Ches. Ohio & Southwegt puts. Marion A C.
Des Moines & Northwest. Cin. N. O. A Tex Pac.
Pitts. Sheu. A Lake Srle.
[f>wa Central
Alabama Great South
Siut-^n Island.
Keokuk A Wea ern.
New Orl. A Northeast. S'ony Clove A C. Mt.
Mil. A Northern.
AlaOama A Vick^burg.f' Ulster A Delaware.
Minn. A St. Lotiift.
Vicksburtr Sh. A Pac.
West Jersey.
Minn. St. Paul A S. P. M. EastTenn. Va. A Ga.
Burl. Cedar Rao. A Nor.
Ohio. Burl. & Quincy.
Chic. Mil. & 81. Paul.

I

In the Middle Western group the gains and losses
are quite evenly distributed, there being 13 of the
former and 11 of the latter. The Pittsburg Youngstown & Ashtabula has lost quite heavily presumably

—

QuincT Omaha A K. C.
-*t. Paul A Kuuth.
Sioux City A N,.>rthem.*

,

Pla. rent. A Pen.
GeorKia tiatlroad.
Ga. Southern A Fla.

Mexican Boad»,
j

I

Mexican Central.
Mexican National.

For the month only.

—

on the ore traffic and most of the roads in Michigan,
IMPORTS
EXPORTS OF GOLD
more particularly the Grand Rapids & Indiana, the
SILVER
SAN FRANCISCO.
Chicago & West Michigan, the Detroit Bay City &
We have received this week from the Collector of Customa
Alpena and the Detroit Lansing & Northern, are disAmong the roads in this at San Francisco the returns of imports and exports of gold
tinguished in the same way.
and silver for the month of May through that port, and
section a few of the smaller ones show qufte heavy
present them below, retaining the figures for previous months
ratios of gain, as for instance the Wheeling & Lake so as to give the result for the eleven months of the fiscal
Cleveland & Canton and the Cleveland year 1890-'91. The imports have been lighter than for a long
Erie, the
Akron & Columbus. In the Eastern and Middle group time past, the aggregate of gold being only $39,012 and of
only 5 roads out of 13 have suffered a decrease of their silver $180,658. A small portion of these supplies came from
Victoria and the remainder from Central and South American
net, the falling off being small, except in the case of
countries. There has been received during the eleven months
the Allegheny Valley, which has lost 123,809.
a total of $6,327,603 gold and $3,429,420 silver, which comPacific roads shows a small gain in the aggregate, but pares with $4,718,134 gold and $2,892,540 silver for the like
two of the lines in the Southern Pacific system, several period of the fiscal year 1889-'90. The exports of specie have
of those in the Union Pacific system, and the Northern also been unimportant in amount, the total of both gold and
silver being below the total for any month since February,
Pacific, all record diminished net earnings. In the case
The shipments of gold coin for May were $100,000 to
1890.
of the Union Pacific the loss is chiefly on those lines
Honolulu, $16,895 to China and $6,000 to Central America,
which have suffered Aost from the shortage in corn in and $160 gold dust went to China. Of silver coin China took
Kans^ and elsewhere, the Oregon Navigation Knes in $219,860, all Mexican dollars, and $3,000 in other coin went to
The $24,000 bullion was absorbed \>j
the same system having an increase. In the South- Central "America.
For
the
eleven
months the exports of gold have beea
Japan.
western group there is a gain on the Atchison proper and
slightly greater than in the same months of 1889-'90— $1,498,also on the S^^ Loui^& "San Francisco proper, but a
317 against $1,384,101— but only $5,098,335 silver has been
Ipsa oh the,liues half-^wne'd" of both and a loss on the
sent out, against $12,568,715 in 1889-'90. The exhibit for May
jbenver & Rio Grande.' tha Colorado Midland and the and the eleven months is as follows

AND

ANS

AT

:

Junk

THE CHKONlOLii.

30, 1891.1

IMFOBTS or

ANU SILVER AT RAN rRAMCUCO.

aOI.I>

MONTII!<.

Ooln.

[Viom oar owB eorr«vaad«at|

BuMon

Oain.

Total.

1.182

Juir

AUKUSt

lO-^.-'iOO

Bepiemh'r.

71T.(W(i
2,;i();),i!»(i

Kovoinlicr.

!I77,(!71

December

0'j:i, !!.-)(

Jaiiiiiu-y...

ISK.'Jld

February..
Mureli
April

248.604

May

•iO.aoB

35,188
15.092

26,892
28,074
58,IS1
n50.9Hl
51.0WJ 76-<.7«s
54.641 2.35S,137
41.057 1.018.728
45,369 669,038
37,738 536,948
16,670 303,174
10,217
46,738
21,846
67,031
23,920
39,012

BuUiOH.

ViW

«

. .

Dftonctuvvi-^ommcvctnl SinglUh 9*tvf

aoLu.

isoaoi.

October

1

50.
r:

Tolal.

I

*

The Directors

«

lfll,8«l0l

212,128
;i.%7,os8
itIl.tllMI
(ic..i,ii:io

30(1.512

7;f

72 ,845

3 1 3.5:12!

:i.M(i,377

31, ,922
35, ,840

192,692!

224.(114

207,003

242.^13

2(17,206

221,

213,456

22.^.0•(3

163,5!I8

l'»(i.6.%M

21 ,288
11 ,627
17, ,060

i!,4

Tot.llino». 5,933,490 391,113 6,327,603 11.031.872 2,307.548 3.429.4

EXPORTS OP GOLD AXD SILrBR FBOM lAK rRANCIBCO.
SltrER.

MOUTHS.
1890-91.

July
Au>ni8t
Septemb'r.

October

.

.

Coin.

91.S70
100,566
!t».7»5
1,59.814

Butt'n\

$
839

Bullion.

Ooin.

Tolal.

Tiita>.

2,425
3,080

$

510
955

92,7(>lt
102,li:tl

:u-..ii:.

102. ST.".

:j-.

1(>0,354!

;t:i«,J78'

345,0.54

I

f.Ml,;il

496,915
321,860
336,278
648,217

,

i,--t;ii

500,217
171. 98 r
236.883 1,158.805;
207,373
177,478
98,628
286,168
303,983!
73,163
188.100
433.466
123,088
222,860

183,400
140.450
24,000

4M7,383
573.916
240.860

Tot.llmog. 1.485,172'13,045 1,498,217 4,702,985i

395,880

8.098,836

November.
December.
January
.

February.

Marcb
April

i^y

171.026
233,033 3,850
176,602
876
98,628
73,843
326
158,100
122,895
160

48,000i

1,158.805

297.373
28(i,168

QUE GOLD EXPORTS AS INTERPRETED
BY A LOOKER-ON IN GREAT BRITAIN.
Belfast, Ireland, 2d June,

1891.

The Editor of the Chronicle, Neu) York.

—

Dear Sir I have been very much pleased by your articles
on the silver question hitherto, but I do not understand why
in your article on the Financial Situation. 23d May, you
should express surprise at the gold coming to England.
The cause seems very plain. The U. S. Grovernment in its
wisdom, by ordering the purchase of silver, has raised its
price abnormally in proportion to gold. Therefore the gold
comes to Europe and the silver remains with and goes to you.
There is no use blaming Europe. Gold just finds its level
like water, and if you interfere with the natural laws and
make

921

silver for the

time being mc re valuable, the gold natu-

your side and comes here.
do trust the United States Government will soon see the
folly of trying to make money plenty by purchasing silver,
and even if bimetallism would be an advantage you cannot
force other nations to adopt it and unless it be made universal, you are bound to lose your gold.
I am, dear sir, yours very truly,
John Workman.
rally le.rves
I

of the

Bonk

of

LOXDOK. Juno 6, IMl.
England on ThuniUjr raduoad

tlu'ir rate of discount from
|wt c<.-nt t<> 4 par cwnt. TIm
change, which woa not unex|Mx:led by tlic outaldo market, it
not quite approved of by thuUKlitful bankers protiablf it waa
decided upuu when the Dln-ctors found that they could not
count upon the cooperation of the juint-atock baalu. LmI
week two meetings of the leading joint-slock baolcs ware bald
to conxider the proper meaiwof supporting the Bank of EoKlaad'
but no deciHiou woa arrired at. On Tuesday of this we«k r^
presentatives of the smaller banks in London, of the prorlncial banks and of the Scotch banks were invited to meet tha
representfttivesof the leading banks, but again no agreeniant
was arrived at, and the meeting was adjourned till yesterday,
when it broke up without doing anything. Already on Toea]
day the course of the discussion showed that there was little
probability of forming the desired association. Then, appai^
ently, the Directors of the Bank of England Came to the con
elusion that they could not hope to keep up rates, and decided
.'i

;

',

upon a reduction.

As soon as the reduction became known the joint-etook
and private lianks reduced the rate they allow for deposits to
houses redooed
'^/i P^i" cent, and the bill-brokers and discount
their rates for money at t^l to 2}^ per cent and for money at
notice to 2% per cent, and there was a sharp fall in the open
market discount rate to 8^ per cent. Probably there will be
a further decline, unless the Bank of England takes energetic
measures to make the 4 per cent rate effective, for unqaeaThe coin and
tionably the Bank is at present very strong.
bullion amount in round figures to 26!^ millions sterling, and
the reserve considerably exceeds 17^ millions sterling, while
gold is still coming in from abroad and the Scotch gold is also
coming back. The expectation now is that by the end of the
month the reserve of the Bank of England will reach from 19
to 20 millions sterling, always provided of course tl-at there

The Bank is satisfied that
are no large withdrawals of gold.
it is strong enough for the present, if it can prevent gold shipmenig, and it has ceased taking gold from New York the
shipments this week from New York are on account of the
Bank of France. If rates decline unduly here the Bank of
France will probably take gold from London; so also may the
;

Imperial Bank of Germany and it is possible that there may
be considerable shipments to Buenos Ayres in oonaeqnence of
the run upon the foreign banks there.
The reduction of the Bank rate has prodouced a much better
feeling here. On Monday and Tuesday apprehension was so
great that it looked almost as if a panic were impending.
;

Alarmist rumors were making fiee with the names of half a
dozen of the leading houses in the city, and it was even said
that at the joint stock banks meeting on the preceeding Friday a proposal had been made to subscribe a guarantee fund
to prevent the failure of one great house. The rumor waa
Michigan Banks. We give below a statement showing the promptly contradicted, and in fact it had not a tittle of founcondition of the banks in Michigan, both National and State, dation and as far as can be ascertained there are no serious
at the close of business on Monday, May 4, 1891. In future difticulties at present. All the houses spoken of are quite in a
issues of the Chronicle the returns for other States will be position to meet their engagements, and some of them have
given so far as we are able to obtain them.
very large surpluses over all their liabilities. But the city reNat. Caikt. SIntf BaKkt.
MICHIQAN.
fused to believe that the Governor of the Bank of England would
May*.
Mat. 4.
ba so urgent in attracting gold from abroad and in inviting
116
Number
UO
Kftourcet—
the co-operation of the joint-stock banks unless he knew of some
Loans and discounts
t2e,37»3!)4 t78.0«6.68e
(10.276,786
417.264
187,526
Overdrafts
229.780
imminent disaster. The contradictions that have been made
10,Sie,»26
23.031.806
Stock.'", bonds, Ac
4.281,M0
12.297.767
0.288,238
Due from reserve jcents
6.000.&9I9
and the reduction of the Bank rate liave induced the public
;

—

;

Due from banks and bankers

BanklriK house, fnmltare and flztures

Otherreal esUte
Specie
Lisgal tender notes and cert'fs of depoalt..
Excbanices for c;earlnff House
Bills of other banks
Current exiienses and taxes paid
Premiums on U. 8. bonds
Other resources

ToUl

1.072,A04
1,113,062

SSO.&UO
2375,0061
UStt.171 1
490.610 ^

321,137
867,R22
310.612

1302.880

l.ue^l.Btl

2.00I.0OI
1,131.118
8.6St.70<)

M3.140J
SfiO.SM
987.786
486.043
170.340.824

228,867
88,241
100,174.971 tl30.521.79<S

rumors circulated were entirely false.
market is very quiet. There b no Indian demand and scarcely any Continental demand but there has
been during the week some buying on New York account
and the price on Thursday recovered to 44^gd. per ounce and

now

to believe that the

The

silver

;

U^d. per ounce.
liquidation in Paris at the beginning of the month has
passed overmuch more smoothly than the most sanguine exyesterday to

The

UabUltlrsCapital stock paid In

Surplus HtuI undivided proflta
Irculatlon outstanding
DIvldetuls unpaid
Individual deposlu

Other d.:poslU
...
Due to banks and bankers
Notes and bills ro-dlscuunted
BlUspaTable
Total

116,548.000

6.8B83I3

«8.8»7.183
3,400,819

|2l,tl«.788

9.MR.6S1

1,707,066
6.680
88.301,180

9306347

2,707,666
7,026
48.267.5t7

600341

86.086.028

86.201368

fl.SUjna

1,57S341
006.008

7.881.080
1.485.148
185,077

877440
180.821

(70,846.824

'i.4i99

24.280

|00,174,»71 $130,521,796

^otf.— The amount (12,862,880) under Slate banks, bracketed opposite sp^-de
Ac. Ac^ is otven in repents of Slate banks as cash and Clearlnx
House exchaiwea I86341 oppoaila " premloms on V. 8. bonds " I* amount of
Interest paid ;^' other depodta " nnder Bute banks la made up of 828.583.106
lagal tenders.

:

aavtnos depoalta and (7.061.016 certlflcataa of depoalt.

pected.

There have been no failures of any account, and the

greater operators express confidence that the fears eotertained
a little while ago were quite without foundation, and that tbere
Unquestioaality tha
will now be a rapid recovery in prices.
leading banks have combined to support the market, sod tbe
public has not token alarm yet there is no disputing tbe tect
that there is a large lock up, that several banks are discredited,
and that there is a reckless speculation. The new Portuguese
;

THE CHliONlCLE.

922

Finance Minister is still in Paris. It is said that he has made
arrangements for the sale of a large block of the Tobacco
Monopoly bonds by which he obtains the means of paying
the next coupon on the debt but what will hapi^en when the
January coupon falls due remains to be seen. Everybody
knows that the debt"of Portugal is entirely too large, and that
Portugal cannot pay the interest out of her own resources.
The difficulties of Spain show no signs of abating. The Bank
Charter Bill is still under discussion. If it is passed, it will of
course enable the Bank to lend more freely to the Government, and may thus postpone a crisis. The news from Italy
is not encouraging, the difficulties there being as acute as ever.
;

Stiil,

as already said, the great Paris opei-ators are so confident

—

that they have raised all prices French Rentes, Russian,
Italian, Spanish, Portuguese, Turkish, and the like.
The Berlin market is less confident and less active, but it has

not given way.
ded, and

Here

London, though alarm has subsiperiod of quiet, there is no

in

we may probably have a

Ln.

[Vol.

Bank of France to take prompt measures for strengthening
stock of gold, and therefore, as stated above, it is now obtaining the metal in New York. The estimate is that at least
10 millions sterling in gold will have to be withdrawn from
the Bank of France during the autumn to pay for the wheat
the
its

If the Bank of France can strengthen
as to be able to part with so large a sum
without drawing upon London or Berlin, it is possible that
the autumn will be a less trying time than a little while ago
every one was prepared to expect.
The Board of Trade returns for May indicate a larger decrease in the exports of British produce than in any
jnth
since the Baring disaster. In every department there has
been a serious decline, amounting in the total to £3,196,000, or
13-93 per cent.
The heaviest falling off has been in cotton
goods, where the decrease is over a million sterling. The exports of iron have declined £335,000, aud of wool and worsted

that will be imported.
itself sufficiently so

m

inclination to engage in fresh business. Consols, Indian sterling and rupee stocks, colonial stocks, and British railway
stocks are all lower than last week, and it is believed that

On the other hand imports have baen large, showing an increase of £1,036,000, or 311 per cent. This gain is
due to an increase in arrivals of raw wool of £1,913,000 and
to a gain in the cotton imports of £'j82,000, which were exoep -

there

tionally small in

a large speculation for the fall in American railroad
Possibly tliere may be a rapid change next week
if, as now seems probable, the fortnightly settlement then
shows that the bear account is very large. But on the other
hand, the acuter stage which the Argentine crisis has reached
•weighs upon our market.
is

securities.

£238,000.

May, 1890.
The comparison of import trade
1891.

IMPORTS.

as follows:

is

1890.

S,

S,

33,741,082
33,311,354
35,253,058

3(>,140,334

— l,'lii'2.7fi8
-f2,29i;,.")12
—
887,275

AprU

3-<,982,537

35.680.242

-|-3,30-!,295

May

31,377,698

January
February
MarcU

Fer

Diffcrauc.

S.

3S,143,8S0
31,01x.842

CI.

— 11-54
+ 7-39
— 2-45
9-25

-t-

33,341,005
+I,030,(i93
+ 311
The banking discredit in the Argentine Republic until last
5 montlis.... 173,487,916
174,031.403
174,034.403
week was confined to the State banks but last week a run
-fl,403.453
+ -81
The following table gives the exports of British and Irish
took place on the native private banks and also on the foreign
banks and five of them had to close their doors— two Italian, produce:
1891.
1890.
Difference.
Per Ct.
Exports.
£
one French, one Spanish and one native. One of the Italian
£
£
January
19,834,315
21,586,752
—1,752.137
811
banks is an old established institution that had an exceedingly February
— 613.007 — 2-91
20,470,621
21.081,228
21,663.378
20,067.022
-H,59H,:f50
+ 7-95
good business and was in very high credit it is believed that .Marcb
April
20,919,066
20,341,367
+ 574,t>»9
+ 2-83
its difficulties are merely temporary and that it
— 3,19-6,3J6 -13-93
19,744,473
22,910,779
will soon May
resume business. The English and German banks have been
10!i.023.148
5 months.... 102,631,853
—3,391.295
3 20
able to weather the storm, and one of the English banks in
Exports of foreign and colonial produce were as follows
particular— the London & River Plate Bank— has been con1991.
1890.
Difference.
Per CI
£
£
£
gratulated by the President;not only for the strength it showed,
;

;

:

but for the courage and liberality with which

it

came forward

to assist others.
It is said that in addition to all the economic
causes affecting the Argentine banks, the run was precipitated by the
tactics of the Opposition. When the National and the
Pro-

January
February
MarcU

4,389,802
5,862,215
5,935,438

AprU

5,535.1.52

May

5,447,331

4,779,951
5,369,507
6,327,102
4,859,746
6,476,915

7,169.958

27,813,221

5 month.?

...

—
-f
—

—
—

390,149
492.708
391,644
+ 673.106
—1.029,584
-I-

-1-13-89

—1589

—

-

043.263
position of the

The following return shows the

8-20
9-17
6-19

2-31

Bank

of

vincial banks

had to suspend paying their depositors, the old England, the Bank rate of discount, the price of consols, &c,,
quarrel between the private banks and the Government was compared with the last three years
made up the Government recognized that it had been mis1801.
issn.
1SS8.
1890.
Juiu 3.
June 4.
Jitii'
5.
Jniic 6,
taken in its treatment of the foreign banks, and since then
a,
£
25,0131.000
24.853,140
21,731.415
8*,370,3S»
the forf ign banks have been giving all the assistance in their Circulation
6,281.007
5,531,932
9,558,594
5,911,405
PobllC deposits
power to the Government. On the other hand, the Opposition Other
33,834.799
25.110,312
deposits
24,811,072
21,577,869
have been spreading all kinds of rumors, have been alleging QoverDiuent securities
9.011.335
15,505,577
18.015,035
17.053,391
23,912.201
19,871,873
22,130.040
18,629,151
Other securities
that the private banks were in a conspiracy to ruin the
State Reserve
13,187,335
17,680,598
14,103,079
12,618.85!)
banks, and have been refusing the necessary accomodation
28.331,598
21.590.775
22,638.491
20,317,130
to Colnand bullion
41^
the public. One motive, of course, was political but
Prop, assets to liabilities. perot.
mi
41!i
there
3
i'4
perct. i (June 4)
(June 7>
Bank
rate
2M
was also a desire to prove to the public that the only hope of
99 1-18
94 13 16l-d 97 7-16 1-4
Consols
safety was in a further issue of inconvertible paper.
145,138,000 183,818.000 178,238,000 131.134,000
For the C.earlna-House returns
moment the run has ceased, but there is a danger of course
The rates for money have been as follows:
that the foreign banks may have to send out largo
IntcreU allowed
amounts of
Open Market Rates.
gold. They keep their reserves in gold, speaking
for deposits by
generally,
Bank Bills.
and when they have to pay out paper to tlieir depositors they
Disc't H'u
London
:

;

;

are obliged to

Joint

sell

the gold to get the paper.

At

At 7(0 11
Four
I)ir«e
Six
Six
Stock
Four
Three
MnnthSiMonths Uontht Months] Mont)« yfomhs Bunks. Ca!(.l Days.

the begin-

ning of the run the premium on gold had risen to 333
per
cent, and the sales of gold by the foreign banks
caused it to
fall again sharply to 293
but as soon as the sale ceased it
went back again to 323 per cent.
The weather all through the week has been most favorable

Majr

for the crops
temperatirre.

;

there has been abundant rain with a very high
Hay, grassland roots in consequence have im-

-fiWSt

I

35^4

;

4«®

4

®

- 3«® -\3M<S)i {4 ® -]4 @ - 4 @4J^'4 ®ii4

2
2

-3

Sk'3«-3«

4W@5

4 @1K4 ®4MJ4!^®6
4K@5
S%3 - 3^®4 l3;i®4 il^®5 4^®5

June

2*4 3

-

SHSlSH 3>^@SM'8X®4

5

3«
2«

3Mi@4

SH3J(-3M
2«'2«-2«

The Bank rate of discount and open market rates at the
proved very much, and it is now hoped that the hay crop will chief Continental cities now and for the previous three weeks
be a good one. Even reports respecting the grain crops
as follows:
are have been
decidedly better than they were. But from the Continent
Mag 15.
Miy 22.
Mail 29.
the
rejports are still gloomy, more especially it is
Rates of
said that the
Interest at
Bank Open Bank Open Bank Open Bank Open
injury done in France is so great that nothing now
can
Market Rate. Market
'Market Rate. Market
materially

remedy

Rate.

it.

The best-informed

estimate

that

France will have to import at least 20 millions sterling worth
of wheat and the harvest will likewise be very
bad in
Holland, Belgium, Germany and Italy. From Odessa it is
also reported that great damage has been done
throughout
the greater part of the South of Russia, and that in many
districts the wheat crop will be little better than
two-thirds of an
average. The prospect of large imports of wheat has induced
;

Paris
Berlin

HamburK

3
4

Brussels

4
i
3
3

Madrid
Vienna

4
4

Frankfort

Amsterdam....

St.

PetersburB.

Copenhagen

Rate.

2«
2^

3
4
4

8-«

4
3

tm

3

nom,

4
4

SH

6«

4

5X

4

4

4

2«
2M

]

2«
3H

2J<

4

2H
SH
3«

2?^

4

S'4

3

2«
2«

8
3

2%

4
4

nom.

3
3
4

nom.

s;(

4

SH

CM

3«

4

4

5«
3«

3H

nom.

s%
4
4

3
4

3

4
3

nom.
3 nom.
3

2M
2»
3H

Juke

THE CHRONICLR

20. 1891.J

&

Mosnrs. Pixloy

ending (for dry Koodt)
II tad for ttM
endinff (for ijoneral merchitndiM) Jan* t<; alto toUb
the beglDning of Ui« fir«t weak In Jsnuar/.

romnoa utron* at

New

Silver— The market Imi) been very hudly Hupplled with nllvir. aiM
with nrtlerfl In foreo nn utivnnce took plaeo to 4 l^td., and lat'^r In
44<<Hd. The Indian parity Is about 1 p<^r i<ent helow eurrent c|tioiaWe are Informed there Ih little floating ntock In New York, outttont^.
Bide the quantity repre»ented by Mlver eertlfloate". Almnt *2.'i.000
has arrived from thn Weal ludlcit. tfhlpmuut»: To India, May 29.
jei9.600; IIIoKo. ^50,000.
Mcilean Dollars— These coin have boon almost entirely nominal at
about Id. under silver. The Bnllarat took il^.'<.90U to the BIralt* and
China, and about *18.000 has been received from Vera Cruz.

June

JtfayiS.

t.

i.

I.

77

9M

77

go\(\. contain'g
eOdwt«.illTer..oi.

77

10«

77

log 6

United Kingdom
compared with previous seasons

firs.

oi-

:

4fi.31.'i.337

33,5.M.174

Barley

14.02'2.10G

12.4.V2.297

15.483.543

15.431,»i')»

OaU..
Peas
Beans

10.928.517
1.583.357
2,271.270
20.833.040

9,161.338
1.443,609
2.406.C27

11.34><.379

ll.fl3i),7.30

1,916.082

2,430,3S7
2,003,!»02

29.9."il.618

2.542,0,37
21.8.10.437

lG.«0(S.0rf8

12.326.-230

13.261.278

10.792,632

14.307.820

owt

com

1887

1888-89,

88.

Supplies available for consumption (exclusive of stocks on
1):

1887-88.
1889-90.
lQQO-91
1888-89.
Import80fwheat.owt.41.983.933 39,570.633 46.315.337 33.691.174
12.526,236 13,261,278 10.752.632 14.307.820
Imports of flour
Bales of home-grown. 29.547,926 38.671.700 29.202.126 32,170,097

84,033.093

Total

91,509,611
1889-90.

1890-91.

86,270.095

Q«o'l mer'dtse.

This week.
qrs. 2.614,000

285.000

Flour, equal to qrs.
Maize
ars.

1888-39.

4J5.0t)0

Latt veek.
2.559,000
3OJ.O00
300.000

1889.
1,283.5 CO

1890.
2,561. .500

222.000
439.000

287.000
680.00i>

Sat.

Man.

Ttiet.

Wed.

Thur:

d 44^

44«,«

44»,a
95iig
953j,

449,g
951i»

44»8

London,
BUver. per oz

Con8ol8.new.2% per cts. 931,6 95%
95!<,8
95'',
do for account
Fr'ch rentes dn Parld)fr. 95-75 95-85 94-90
102
102
102
4i-2sot
1891
U. e.
llOia
1191-1
1191a
U. 8. 4s of 1907
8')''9
8138
81%
Pacifle
Canadian
6658
6738
6638
Chic. Mil. <St at. Paul
|99%
991a
Central
991a
Illinois
11213
1121a 112%
I,ake Shore
,

7614
74»9
Ilud.son. 1021a

IyOUisville.& Naehville..

Hexlcnu Central 4s

K. V. Central A
». Y. Lake Erie & Wesfn; 20 14
9913
2rt cons
do
Norfolk & Western, pref. 531a
091a
Northern Pacific, pref
5114
Pennsylvania
Philadelphia «fe Reading. 16
.

.

Facillc

46%

Waba.sh. prcf

231s

7613
7514
10218
20^8
991a
543a

751a

74%

95%

94l»,g'

951,8

95171a 9515
102
1191a

81%

Fri.

45

102
119>a

81%

I

951,,
933,.

95 1713
102
I2OI4
81^8

6718

6339

99%

98 H

60 la
97

112%

1121a

1121a

The following

table

xpoara

7313

75 19

74%

74%

Aitn

ntpoars o» ipaoia ai

IO314
20»8

103
2OI4

2038

100 la

100 la

100 13
54
69 14

535a

5358

5338

70 14

69 >4

69%

69 >«

51 14
I6I4
4739

5138
I6I4
4678

5133

23%

24 14

24 14

1614

4678

5138
16V|

5138

46%
23%

463g
2413

Sreat Britain

11,946,988
13.630,377
1,897,479
7,500
9.209
1,432.009
9.000
24,500
2.200

West Indies
Mexico .,.,..
South America
All ether countries..

Total 1891
Total 1890
Total 1889

•10.000
318.090
829,784
582.617
23,125
91.440
403,071

"3,860
"iliso

•I,e60a27

•1.5,110
6.2 69

•338.172 •60.324.228
1.330.950
4,424,403
4,530,343 32,291,996

4.138,440
3.434.81S

18,123

ImporU.

Export*.
Sitter.

$34,875
30,000

Qreat Britain
France

Germany

Since

Week.

Since Jan.l.

Week.

,

2'i2j»66

"2,79i

South America

43,000
289,696
74,739

""lii

•6,838.885
8.717.244
9.156,399

•2,906
101.281
42.999

Total 1891
Total 1«90
Total 1889

•64,875
59,050
145,190

Jun.U

•

9

$5,862,810
356,081

West Indies

20,683
86.310
112.478
14«l,075

407,150

C774.«4»
2,800.aS»

779>8a
Of the above imports for the week in 1861 $8,180 were
American gold coin and $111 American silver coin. Of the
exports during the same time $512,500 were American gold
coin and §2,2CX) were American silver coin.
United States Sub-Treasury.—The foUowing Uble show*
the receipts and payments at the Sub-Treasury in this citv, as
well as the balances in the same, for each day of the week.

"

13'
19

Beeeipti.

Paymenti.

•

•

2.088,419
3.231.882
3.332,»68
5.025.837]
2.549.416,
2,959,636

" 16
" 17
" 18
" 19

ir,i4

Total

«. H. Kaphael, President: J. D. Ander«.)n, (ashler.
;

;

,

;

,

l>owd,

First National Bank of Rnsscllvlllo, Arkansas. Capital
W. O. Welmer, President; James E, Battentleld,

850,000.

e'xistcne* of the First National Bank of Grand Haven.
Mich. (No. 1,8 19), expired at close ot busine-ta June 5, 1891, by limlta

The corporate

AND Exports fob thr Week.—The imports of
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise. The total imports were $8.0S1, 804, against $7,965.1.57
the preceding v.eek and $10.4.'51,6.51 two weeks previon<t.
The exports for the week ended June 16 amounted to f >,8.ST.241, against S7.6lO,T6-3 last week and $6,289,767 two weeks
previous. The following are the imports at New York for

Coin

Coin.

Cert'$.[

-*

•

20,730,948' 17.685,319
1P.92J.997 17.444.382
103.499.370l 18.4%2.292 17.286.939
103,637,450 17.80.3.723 I7.177.8»a
103.699.020; 17.149.330 17.1O3.0.Vi
1401,374,34 17,533,880 17.803.:«3

2,473.839 103.407.033

4,330.1><(! 103,371.040'

4,860.191
5,645.079
3,217,072
4,199,422

.1

19,208,1781 24.739,796'

— The

4,578—The National Bank of Grand Haven. Mich. Capital. *10<),000.
Uwieht Cutler. President George Stickncy. Casliler.
4,379-Thc Deshl'-r .Vaflimal Bank of Columbus. O. Capital. t200,000.
George W. Sinks. Presiaent John D. Dcshler. Cashier.
4.580—The Manufacturers' National B«nk of Lynn, Mass. Capita
$200.000 William A. Clark, Jr., President ; Frank L. Larl,
Cashier.
-,
„
„ ,
York. Capital
New ,,

Heman

Since Jan.l

•10,000

•923,472 »3 1. 924.079

Germany.......

fne

Natioxal Baxks.—The following national banks have
recently been organized :
„,,,.,
4,577— The First National Bank of Brownsville. Texas. Capital. *j ,

4,381 -The National Bank of North America.
»700.000. Warner Van Norden. President;

Import*.

Week.

Since Jan.\.

Week.

Balance*.

75
103

201a

imw roaa^

aotd.

75%

100 la

102%

»5.H«i7.2U
193.795.033

shows the exports and importa of specia

Eiportt.

DaU.

i^ommcxciixl and miscellaneous %tvj3

liiPORTS

1890.

•7.687.929
149,410,110

at the port of New York for the week ending Juno 16 and unce
Jan. 1, 1891, and for the corresponding periods in 1890 and
1839:

EnKllab Finaaelal markets— Per Cable.

last

1889.

•e.996,401
192,836.343

All other countries..

daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending Jtme 19:

1891.

1888.

•5.939,938
130,449,843

Total 34 weeks. •136,382.780 • 199.382,743jl97,130,e39 •161.683,274

1887-38.

The

4.582—The

•104114.915

3,001

MA,300,838 •70.13* A7S •B4.9M.aBO
I«7 ,949,349 174.313.670 iMlwMii

Bm>,»91.l22
161,997,911

Total 24 waek*. •332,909,033 •3S8,OSO,079 •244.443.343 •a l9.«7S,a4t

80,029,091

English wheat, per qr.—
323. 01.
295. 01
323. lid.
403, Id.
Average price, week
30s. 5d
31s. Id.
308. 3d.
Average price, season.. 34s. Id.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:

000.

•9,338,700
1.

QomU

Prev. reported.

4SM

IMPORTS.
1889-90.
1890-91.
41.983.933 39.570.B33

Union

•i:««»
••^i,«««

ror the week..

i.

cereal produce into the
during the thirty-nine weeks of the season

Wheat

8,070. IWP

«4«
47X

oi.

The following shows the imports of

September

6.040,937
•»i,01

gold. .01, 49
ot- 48H

silver

Cake silver
Mexican dols

S.Am.douMoont.oi.

Indian
Flour

$7.nn.7n

Bar silver, contain-

lOK

Bpan. donblooni .oi

Wheat

WnM/aa.
Orr

t»«t.

• l.97IJMt4

MM

Vat IS.

7UIU4.
d.

9H Bar

T»t»I

lavo.

•1,873.119
7,091.994

44«

I,oa4an Standard.

d.

<.

gold, flna...,oc.

Bar
Bar

Drr Goods
Qen'l mer'dlM.

mw tobs.

18M.

1888.

fta-ITMilr.

•!«•

In our report of the drjr gooda trade will be found th«
importa of dry goods for one week later.
The following is a statement of the ezporta (ezcluaive of
•peoie) from Uie port of New York to foreign porta for tbs
week ending June 16 and from January 1 to date
xrona rsoM aaw tobk fob tbb waaa.

for bullion are reported as follows:
II.TIB.

OOLD.
London Standard.

wMk

JoM

Uw wwk

Abell write as follows:

fiolil— Tlio Riiiik oniitliiiicH to receive everv imrnl of oold. %n& lliorn
In DO (Iriiiiiiiil fur iitlicr <|uni't«r«, and the pmnliun on Saxlei bna Ihkh
reduced to 76'.'>. DiirhiK Hio week the Bunk hiM rerelved ji1,8H,%.<hmi,
while only i:.'>(),000 liiix Ikm-ii witlidniwii for Kiieuo* Arren. ArrlvHla:
York. £51)7.000; Nnial, XIO.'.OOO; HoinbriT, S<M).0Ofl; WV.t Indies. S'2S,(K)0; total. i'.IT.OOO. shipments: To Jndln. May 29. i I9..W0

The quotations

928

performance of Messrs. Pain & Sons at their
new Ureworks amphitheatre at Manhattan Beach will occur
on Tuesday evening, the 23d inst. " Pans from Empire to
Commune" is the grand spectacle which will be presented
and continued during the summer. The establLshment OC
Messrs. Pain & Sons in New York is at No. 102 William Street.
initial

Aaetion Sales.—T he following were recenUy sold at auctioa
by Messrs. R. V. Ha rnett & Co.

•25e»rh
10 Standard

GaaU Co.

Short*.

'

SharcM.

838 Toronto M. Co..*10 n. b.*3 25
50 Bank of Stale of N. Y...110
970 Cons. Elec. Storage Co..
•l.iOO
81

pf..

The following were
Son:

173

9FnnrtIiMat. Bank
10 U. 8. Trust Co

805

Bond:

ria. * Ala. KR.C0.
oertlflcateof Indcbt

•900 Wert

sold by Ueasrs.

•5

Adrian H. Mailer *,
SkttTt*.

Shnrei.
113
9 East Side Bank
227ia-22S
160 Oriental Bank
Bond*.
100 N.Y. & Culia Mall 88. Co. 70
pref.
Ry.
llTowa
Oenl.
*I0
Excb.
Prod.
llemb.
N.
Y.
1
3S
700
(all dues paid)
Cent. Ry. 1st.
147
•f
19 Home Ins. Co
Int.
carrylnn
rip.
20 Hud. Blv. Telephone CO. 23>«
from Juno I. 1887. wbea
IJJia
12 Broadway In». Co
vQiH
convertP<i Into bond
20 Ijkwyors" Title Ins, Co.. 193
Maoon & BtrmlnK.
$90,000
of
Co.
Ins.
Fire
aermania
60
«u.
1st
9«.
0».
of
o.
rE
170
New York
34
by Ga. So. * Fla. KK. Co.
10 Dry Dock E. B. * Battery
• 1.000 U. U. E. B. * Bai.BR.
131
KB. Co
101%
a
eaiuaeaw
Co.
ea
147>*
Ins.
Co
7 Home
1

.

.

THE CHRONICLR

924
New York

Bank Statement

CItj

We

13, 1891, is as follows.

»
935,6
1,981,7
•2,001,8

670,8
2.429.6
118,1
6,483,9
140,8
1,622,3
303,6
401,0
143,7
670,5
75,3
489,1
2,019,6
3.617,5

993,1
781,2
307,4
654,6
1,662,7
314,7
433,1

232,6
768,4
103,6
267,7
1,166,4

312,2
404.5
5,136,0
2,649,0
143.3
1,746,4
558,7

369,6
266.7
8,757,6
12,5

143,3
483.1
668,5
272,7
978,9
798,1
616,9
480,7
630,6
366,4
353,3
305,0
603,4
236,6
172,8
376,0
308,4
792,6

. ,

Total

1,808,5

671,0

412,0

10,037,9
1,853.3
21.476,0
3.096,6
4,819,2
1,787,4
2.308.0

1,103,7
141,4
5,243,6
194,3
694,2

2,107.0
273,6
1,645,0
714,3

l,4t;4,9

3547,2
1,878,6
4,182,8
2,013,0
3,547,0
1,577,0
9,958,5
3.823,0

1,257.0
1,237,0

653,9
163,5
257,0
113,0
297.0
181,6
272,8

352,6
190,0
192,2
287,2
228,2
287,8

1,2(10,5

1,6P6.0
3,486,4

2,206.8
1,419,5
2,502.8
12 f 09.0
13,047,3

414.9

4,7 IH,?

1,306,3

1,':'51,1

8,(166.4

419,6

e8S9

405,1
1,611,1
1.066,8

281,9
311,8

258.0
607,8

3,521,4

1,235.5
379,6
234,0

3,142.4
10,830,2
6.210,4
3,111,6
4,328,8
13,252.6
2.938,0
3,191,1
3.286,1
3,920.)
1,855.8
3,300.0
6,773,3
4,668,2

3,133.0

64 3,1
975,4
1,071.8

392,9
603,8
600,8
358,0
210,1
494,0
1,027.6

992,8
154.9
3,507,0
3,S02,8
166.6
4,496,2
1,662,0
1,018,0
648.6
2,816,7
200,7
149,9

547,0
790.0
424,9
1,813,8
997,1
165,7
374.5
719,6
537,1
624,3
369,6
737,7
343,0
536.0
156,0
1.238,6
850,3

261,6
636,0
130.3
301,0
313,0
239,9
453,6
2,411.0

1,990,11
il, 073,0

23.762,4
1,007,4
16.452,7
7,731.0
s.ayo.o
2.964,3
18 736,4
2i734,8

3,933.7
122.6

902,2
574.0
366,0
320,5
1,467.2
6i6.7
201,2
190.0
132,5
117,7

l,:i91,6

3,473,5
2.122,5
11,891.3
5,093,9
8,440,2
3,060.0
3,651,9
4,056,8
4,100,0
2,134,8
6,303,6
2,182.0
3,893,0
1,371,0
8,294.2
3,883,0

1,644.7

379,3
650,1
369,1
192.2

441,9
448.8
276,8
930.3
269.0
419,0
177,0
850,3
216,8

60,772,7 64,368,7 S83i034.6 60,604,4 46,853,3 383,491.0

New York
ir.

12,328,1
4,367,0

2,610.0
2,996,3
2,641.7
10,230,3
4,700,1
2,823,7
2,578,1
3,729,0
3,751,6

11,400,0
8,898.0
6,030,1
6,679,0
11,427,0
4,108,0
10,175,0
1,736,8
21.678.9
3.629.9
3,908,0
1.896.0
2,235,0

669,0
1,169.8

993,0

City,

Boston and Philadelp hia Banks
Loam.

SptcU.

L/goli.

York.'

OepotiU.'

?irr.'<'n

$

OU»nn.,i

»

16.... 125.139.4 398,579,2 64,384,1 40,166,6 398,507,0 3.437,9 722.604,5
"
23..., 126.139,4 392.921,8 61,H8»,3 41,129.7 391,20.'5,4 3.448,4 851.789.3
••
29.... 126,139,4 389,048,9 60.969.1 43,346,9 387.107,3 3.171.7 483,236.1
Jane 6
126,139,4 388.236.4 59,761,3 42,908.9 333.88 J.l 3.439,7 668.626 6
l.'f....

Boston.'

May

125,139,1 383,034,6 60,604,4 45,853,3 383,491,5 3,485,7 584,783,8

66,842,9 162.264.7
66,842.9 151,242.4
66,342.9 149,663,1

39....

June 6
••

13....

9,602.6
9,212.3

Phila.'

May

29....

June
•

35,793.7
85,703.7
35.798,7

6...

18...,

4,360,l' 128,610,2 8246.1
4.172,8:125.4.S9,3 3.258.6
9,341,4l 6,114,0 121.777,7 3,268.3

70,931.2
91,065,8
81,710,3

97,393.0,2,079,0
97.405,0 3,0-f8
97.142,0 2 ,0 77,0

49,726 8
70.839 8

93,069,0
93,782,0
83,409,0

30,60,'5,0

30,636,0
30,464.0

Qu'ntitiet

Value.

\(tuanUtiee

t
91,890

New York

Boston
Philadelphia
Baltimore
New Orleans
Pao. oust, dists.*
Other cu8. dists.-r

t

91,663

Total, barley

861,695

284,887

49

354,847

',181

129,509

29,016

14,669

853,876

688,804

454,776
300,563
143.744
79,674
109,581
45,8«5
327,733

2.7I1.,523

1,155,039
178,618
1,2-^8,.'(3S

10,743,038
2,308,058
2,047,136

B52,9;;6

4,065,.'i29

475,104

3,004.3:«-

484,430

4,774,091

6,084,171
1,881,512
1,198,882
3,331.344
1.848.508
129,047
2,477,782

Oorn,lmt\.

New York
Boston
Philadelphia
Baltimore
Sew Orleans
Pac. cnst. dists.*

Other cu8.dlsts.-f
Total, corn

1,921,701

Ootfwneal

404,606
3.065,451
1,487.987
1,067,011
36,233
1,933,361

1,481,936 10,106,072

151,314
4,258,328

27,090,094

15,243,787

15.883
14,389

42.119

176
401

528
944

155.347
64,024
4 474
14.279
134

605,497
229.058
14.589
47,182

20,470

49,594

hblB.

New York

10.955
2,790
100

Boston
Philadelphia
Baltimore
New Orleans
Pac. cuat. dists.*

43,928.48-i

365

2.434

Other cu8. diBts.t

7,226

8I,>^8>

15

56

17

818

1,777

8,698

8,675

13,851

9,555

1,821, 19'J

942

625

107,028

657,781
36,361

12^
167

90
107

100,lliS

34,746

14,000

4,«'^0

963

547

3,054

1,856

l-,169

455,874

4.H32
154,940

51,944
301,536

80,107
114,834

2,506.398

893,280

252,780

6,469
28,548

Total, corn.meal
Oati. hush.

6

84,208

New York
Boston

Philadelphia....

Baltimore
New Orleans
Pac. cuat. diata.*
Other cu8.di8ts.+
Total, oats

Oatmeal,

479

288,63^

847,239

614,140
26.152
2,303
StO

221,519
9.819
1,186
245

887,406

878,387

1,145,(127

6,581,850
309,680

20,827
171,023
6,478

3.867
10,03 i

lbs.

New York

940

Boston

SO
10,640

317,120

1.011,940

Philadelphia...

Baltimore

New Orleans...

118

8
125

3,500

Pac. cuBt. diets

other cus. diata

93

65

3

11.000
76,000

2,0911

115,515
365,000

1,351.785

30,440

7,40.1,5,10

876.346

2i9,002

308,827

11,791
46,286

6,875
23,092

+

Total, oatmeal.

Rytjjmih.
York...
Boston

New

330

212.326
194,611

Philadelphia.

Baltimore

New Orleans.
Pao. oust, dists.*

other cus.dtsts.f
T(rtal,rye
Wheat, buth.

434,423

New York

2,337,41
98,165
73.2«3

Boston

—

Philadelphia.

Baltimore
New Orleans.

44a,0M
2.704.103
292.609

Gua.dists.-t

Total, wheat.
Wheat-flour, bbu
New York....

1,144.P

258,9f'9

322,913

208,411

1,102,750
87.079
18,131
318,109
232,310

9,763,382
365,711
483.387
3,832,865
1,997,858
29.578,845

103.510

l,f.89,048

10.898,650
871.888
608.844
8,383,864
1,914,387
25,041,265
1,821,097

4.392,'298

3,746,201

47,405,391

43,284,475

l,331,l'i7

.348.842

521.8-.;3

100.074

1,481.284
477.026

3,821,097
1,H62,487

1-0,876
230.21>6

338.302
683,219
365,13«

771,870
2,175,177
31,356
1,765,478
808.067

16,726,818
6,006.504
8,508,505
11.842,024
155.740
7,162,870
4,806.364

992,404

4,393.688

10,235,381

40,108.815

2,.506,049

101.738
81.301

97.0 ;«

19,084
342,423
273.210
2,411,773
104,421

406.05'

351,4'iO

Pac. cast, dists.*

Other

463.869
2.715.725

303,069

6,288,987

Philadelphia.
Baltimore,..,
.
;'^ew Orleans.
Pac. cust. dists.*

269,905
100,580
9I,«08
167,441
2.327
76,102

Other cus.dlBt8.+

»'.,534

441,677
849.978
12.143
870.701
488,736

rot«wheat-flour.

769,497

4.016,210

5,828
151,500
77.568

l,886,-^52

1,137,787
19,186

IbtaU.

New York

1,313,020
685,764
3,171,800
1.121,315

4.674.344
839,520
1,635,299
2,149,447
751,569
2,512.075
1,119,479

,881,860
,060.874
,385,964
.056,499
.714,845
,730,398
.779.650

12,330,231

13,884.733

109,956,984

4.497.384
943.771

Boston

—

Philadelphia.

Baltimore

f.97.087

New Orleans

Pac. oust, dists.*
It.her cus.diats.t

68. 3 11,

DITIDENDS.

Eleven Months.

1890.

Qu'ntitia

Boston

Oapital dc
SurvlV4.

May
••

1801.

BxvorU.

BarUyi, butK.

S
1,470,0

1,830,C
1,261,0
637,3

16,475,0
18,098.0
6,495,9
7,822,5
2.686.3
10.097,0
6,796.2
2.297.2
3,931,0
12,062,9
2,938,0
2,798,6
2,907,4
3,936,7
2.058,6
2,902,0
6,670,8
4,049,6
1,972,0
20,778,0
18,862,7
1,163.1
15,785,0
6,383,0
4,508,0
2,554,0
21,028,6
3,061,8

988,9
422,6

—

May.
Bftadatuft

OtfOtiU.

Ltgalt.

11,700,0
9,648,0
6,253,8
7,846,0

1.213.6
2,867,6
1,262,7
3,217,2

1,673,8

SvecU.

«

t

1,891,1
1,478,5

2,000,0
2,060,0
2,000,0
2,000,0
3,000,0
1,000,0
Phenli.
1,000,0
City
760,0
300,0
Mercbante' Exchange
600,0
Gallatin National
1,000,0
Butchers' & Drovers'.
300,0
Mechanics' & Traders
400,0
200,0
Leatnei Mannfact'rs.
600,0
Beventh National
300,0
State of New York.... 1,200,0
American Exchange.. 5,000,0
6,000,0
Broadway
1,000,0
1,000,0
Pacific
422,7
Republic
1,600,0
460,0
200,0
North America
700,0
Hanover
1,000,0
Irving
600,0
600,0
Nassau
600.0
Market* Fulton
760,0
St. Nicholas
600,0
Shoe & Leather
600,0
Com Exchange
1,000,0
Continental.
1,000,0
300,0
Importers' & Traders' 1,600,0
Park
2,000,0
East River
260,0
Fourth National
3,200,0
Central National
2,000,0
Second National
300,0
Ninth National
750,0
First National ...
600,0
Th^rd National
1,000,0
N. Y. K at'] Exchange
300,0
250,0
New York County
200,C
Germ an -A merican
760,0
Chase Nttioual
600,0
Fifth Avenue
100,0
German Exchange
200,0
Germanla.,...
200,0
United States
600,0
300,0
Garfield
200,0
Filth National
160,0
Bank of the Metrop..
300,0
West Side
200,0
600.0
Sixth National
200,0
Western National
8.600,0
First National,B'klyn
300,0

Bakks.

Loanf.

Surj>I«M.

Bank of New York...
ManHatUn Co

week ending June
(00) i n all cases.

omit two ciphers

Banku.
(00» omitted.)

for the

[Vol. LIl.

(jrand total

Value Of exports from Paciac districts for the month of May, 1891
1498,78*
«18,961 Willamette, Oregon
Oregon, Oregon
315,.338
PugetSound, Washinuton
$3,171,890
2,343,809
Total
San Krancisco, California
f Value of exports from other customs diatricta for the month of May, 1891.
»190,56»
118,630 Newport Newa, Va
Braios, Texas
11,978
rhicago. Ill
S8),985 Richmond, Va
97.98S
Detroit, Michigan
11,121,815
46,180
Huron, Michigan
Total
Dniuth, Minn
...
378.975
NoTB.— This statement Includes about 08 per eent of the entire exports of the
articles named from all ports of the country.
•

i

Books Closed.
(.Days inclusive.)

Wheti
Payable.

Name of Company.
Rallroadu

Baltimore & Ohio pref
3
Eastern New Hampshire
50 St'k
Evansville &Terre Haute ((juar.)
Fitchburg pref
Miasourl Pacific (quar.)...

Northern Central
Oregon B'y & Nav.

(quar.)

Richmond & Danville
Eich. & West Point Ter.

pref..
West. pref. (quar.)..

Rio Grande
Worcester Nashua & Rochester

Banks

Bank

I

I

II4

'

"

.
.

of America
Columbia
'.'."

Hanover National

2»4

Importers' & Traders' National..
Market & Fulton National....
Mechanics' National
National Bank of Commerce .'
National Shoe & Leather
People's
Western National

i

July

1!

ondem.

June 3
28 June 19

July
July
July 15 June 25
July
l.^'July 1
July
I'June 21
July 151
July 15 July 1
Aug.
I'July 1
July
2 June 19
I

Franklin
Title Gaarantee

&.

I

1

July 15
July
July 10
July 31

to
1
to
I'June 18 to

JuneSO
JuneSO
JuneSO

1

JuneSO

li

to

June 21 to July 1
1 June 28 to JuneSO
3 June 26 to July 2

Trust

'.'.'.'.

July 15 July 7 to July 14
Distill'gA Cattle Feed'g(m'nthly)
July
1 Jiine 20 to June 22
Equitable Gas L. of N.Y. (quar.).
July 15 July 1 to July 15
Tennessee Coal & Iron pref
July 15 'July
to
Thomson -Houston Electric pref
July
1 June 24 to July 1
" In lieu of stock dividend previously announced.

—

OF Breadstuffs for May, 1881,
The fol"
ujwing, made up from the statement issued by t le Bureau of
Statistics shows the exports of domestic breadstuffs from

the under -mentioned customs districts of the United States
for the month of May in 1891 and in 1890.

fftwatictal

OF TUB CITY OF NEW YOKK,
No. 1»1 Broadway.
$1,000,000 snrplaa&; Profita, $950,000
WILLIAM P. BT. JOHN. President. FREDERICK B. SCHBNCK, Cashier.

Capital,

-

I

|

JAMES y. LOTT.

ACCOUNTS

Assiitant Cashier.

t!lOL,[ClTED.

THIRD NATIONAL BANK
OF THE CITY OF NEW YORK.

1

iniBcellaneoua.

and

THE MERCANTILE NATIONAL BANK

26 to JuneSO
June 24 to July 1

Ohlc JuncRy's &Un.8tockTara8.
do
do
pref

ExpoBTS

^atiUtiifl

11 June

'.

(quar.)

to
to
to
to
to
to
to
to
to
to
to

I'June 20 to July
to July
ll
I'June 20 to JuneSO

Traat Companies

Brooklyn

l

I

$1,000,000

Capital,

WOODWARD

President HENRY BUCKHODT.. Vice-President
Asst.Cashler.
B9NRY CHAPIN, JR
Cashier J.FRKD'K 8WBASY
Accounts solicited and careful attention to the Interests of Deposltora
guaranteed.
J. B.

I

I

Spencer

Trask

&

Co.,

BANKERS,

Nos, 16 and 18 Broad Street, New York CUT.
ALBANY N. Y.
SARATOGA, N. Y: PROVIDKNCK, R.
TKANS.ICT A GENEKAl. B.VIVKiN<ii BITSIVKSS.
1.:

AH

classes of Securities Biiuxht an,1 Sold on
fly«i to Investment Securities. Dlrtet wire to

lOBtoQ

and Chicago.

Commission. Special attention
each office and to Philadelphia

JuNB

THE GHBONIGLR

30, 1801.]

DilM SUtM BoMdf^aoTOTiuiimt booda are tImAy.
The closiog prioM at Um N. Y. Bawd tiara faMn aa follow* t

IThe JGaukcts' Oiaiiette.
'

^'25

Forditidtnd*tt4pr»nout page.
Inltntt Jumt
Itriodt m.

WALLMTRKBT, KRIDAV,

JITNK Iff, IMVl-S P. HI.
The Monej Market and Financial Situation.— Tlio
ituatiou abroad has further improved by a reduction in the
Bank of Enghind rate to 8 [er cent. Our markets during
past months have de|iended greatly uiwn the aspect of
monetary affairs in Europe, and aa we were depressed by tlie
unfavorable conditions we may certainly rejoice n little

At

tltB same time it is well to remeninaturally be easy in London at tliiH
season of the year, and the shadow of the Argentine cloud
of 1800 has not yet entirely ]>assed from the London and Continental markets gold shipments are again made from New

in the better outlook.

money should

her that

IS.

17.

100

.-Mcb.

4>t«,t8l>l....

4>M.1«91.

..

,-J»n.|*ll""i

'

r.

'

*
*
A
A

J.
J. Jr
..r»if. [J.

J.

111

....

.

The New York Clearing House banks in their statement of
June 13 showed an increase in the reserve held of $3,600,.')00,
and a surplus over the required reserve of $10,484,825, against
$6,687,600 the previous wees.
1891.

Jmie
Capital

[

Surplus

13.

I

Differen'sfrom
Prev. week.

$
60,773,700

1890.

June

1889.

June

14.

60.812, 700

15.

80,,762,700

04.366.700
60,196 ,400 54,,801,800
383.034.600 Dec. 3, 201,800 395,114, 800 416, 213,400
Circulation
.>,485,700 Inc.
46,000
3,745, 100
3,,i>65.200
3i33,49 .500 Dec. 390,900 404,806, 800 442, 625. .^>00
Ket deposits
Specie
60.504,400 Inc. 753.100 76,237 900 7n,,075.300
Legal tenders.... 45,853,300 Inc.2, 946,400, 31,951, 700 46, 184,300
Beserre beld
106,357,700 Ino .3, 699,500 103,189, 600121, 259,600
Legal reserve
95,872,875 Dec.
97,725 101,201, 700 110, 653,375
'

Loans and

disc'ts

1

Bnrplns reserve

10.484,825 Inc. 3,797,22 5

6,987.900

10,603.225

The transfers of membership in different Exchanges in New
York and other cities have recently been made on the terms
given below:

119

'

;

Oh nets

Ouiteu

offtrtd.

purehateil.

In our home
last bank statement, the Chicago Prevtousljr reportod
4&9.000
Gas settlement, the Missouri Pacific dividend declared, the June 15
" 17
eSg.OOi)
break-down in cotton futures and the rise in silver buUirin
" 19
560,000
*Local purcbasea
certificates have been some of the matters talked about.
The
'Total in month to date.
silver question obtrudes itself again upon our horizon, and we
can hardly expect London or home investors to have a settled
* Tlie local puroliaa«a of each weeli

francs in silver.

1

momln< boanl no ««i« waa

110

I

loada.

GoTernment Pnrohaset of Sllrer.—The Oaremiaent parmonth to date are shown in the fol-

week.
markets the

,

.14

I

>11<|I«'

cttaaea of silver in the
io wing:

this

feeling about the future so long as this question of doubt
about our currency remains to thrust up its unwelcome head,
at times when all other difticultic-' are levelled down to a
satisfactory plane for healthy business operations.
Tlie opeii market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 4 p. c. the
average being 3 p. c. To-day rates on call were 1 to 2J^ p. c.
Prime commercial paper is quoted at ^%<S,^% V- c.
The Bank of England weekly statement on Tliursday showed
an increase in specie of £733,000, and the percentage of reserve
to liabilities was 46'07, against 46'06 last week; the discount
rate was reduced from 4 to 3 per cent.
The Bank of France
shows an increase of 10,000,000 francs in gold and of 4,525,000

a

114

i'll9>tM19

J.'MIO

*TtiUl* tba prios bid al tba

•0

.

III

.114

J.,Ml<i'«iMI«tiaMlS>t

;

York and Boston

Ml

J.Ml..

•!10

117
11inn

-ilMii
100

J.M'

19.

t<).

10<>

^»n, Mnuf 117U117>i
•! i-i,

411,1907

4t, 1"""
6>,
6«,
!
e», c.
6«, our'oy.'tW.
6«. cur'fy.'aa.

Jim

'r

100 MOO iMOO
-j«iu.
Mrb. -100 ,Mt.O MOO

--

Prut paid.

3.01».734| «}-9700 » tO-»eiA
320,000' (o-osio •
838.000i M-VSaS • fO-MiS
n99,000l •0-Msa ali-ooao
23«,t50;

o-mw

3.077.M8O;

OOVTOO » $1<MS0

are not reported

till

Moadajr of

the following week.

Coins.—The following are the current quotations

in gold for

various coins:

$4 91 '9$4 93 iFlnesllver bars.. - 99>t* I ooi*
—93
Napoleons
8 86 * 8 91 IPlvefrano*
X X Relohmarks. 4 74 9 4 78 Mexican dollar*.. — 77
25 Pesetas
4 78 « 4 89
Do unoommero'l — — 9 —
— 7<»
Span. Doubloons. 15 99 919 75 Peruvian sola
Mex. Doubloons. 19 50 919 70 English silver.... 4 84 9 4 88
par 9>4 preu.'U.S. trade dollar* —77
Pine gold bars.
Sovereigns

•—04
9—78
—

9—79
9—79

State and Railroad Bonds.— The sales of Htate Iwods this
week include $19,000 Tenn. set. Ss at eO^-aTO; $10,000 Va. 6a
def. trust receipts at ~%; $30,000 So. Car. 6j, non-fundable, at
iWclSyi; $1,000 So. Car. 6fl, Brown consob, 07.
liailroad bonds have l>een a trifle firmer for the popular
low-priced issues, but with a very moderate demand. 'Thero
are very few bonds that are protected in price by the magnates controlling the respective companies, and hence we see
immense properties selling at prices that
bonds on
realize to the buyer from 6 to 7 per cent, while back of theee
there
are
many millions of stock or income bonds to
bonds
As to the 4 per
bear a.ssessment in case of deficient income.
cent mortgage bonds selling in the seventies, they are not so
very low on the mere basis of income, since they yield at 75
but on comparison
only about 5'3 per cent interest
and
previous
years,
on the
with
the
range
of
hope and expectation that such bonds may possibly
reach 90 within a few years, their present prices seem very
moderate. Atchison Ist is close at Ti}4 R'o Grande Western.
4s at 76}^ M. K. & T. 4s at 76 Louisville & Nashville Unified 4e at 70 Reading General 4s at 78?4 St. Louis Southweetem Ist 4s at 67J^^ Mobile & Ohio General 4s at M^. Among
the low-priced 5s Northern Pacifies sell at 19% ; Oregon Improvement at 661^ U. P. Den. & Gulf about 72>i Oregon
Sh. Line & Utah North, consols at 73 Laclede Gas at 74 St.
LouLs & Iron Mountain at 88 Texas & Pdcittc Ists at B7)i ;
Richmond Terminal 53 at 65. Among the lowest 6s are the
Louis. New Albany & Chic, consols .at 03 (last sale) Tenneesee Coal & Iron, Tennessee division, at 88V^ do. Birmingham
division (J. & J.), at 04 (last sale) Richmond & West Point
:

•

;

;

;

;

;

;

;

;

;

;

EXCItANOE MEMBERSHIPS.

;

June,
1890.

June,

Exchange.

1891.

;

;

NewYoikPtock Exchani^

New York Cousolidatcd Stock & Petroleum Excb.
Kew York Pi-oduco Exchange
New York Cotton Kxctiauge
New York CoBee Kxchauge
New York Real Estate Exch. & Auction Boom..

$18,500
225

,

Boston Stock E xchanjre
PhUadclplila Htock Exchange
Chicago Stock ExchauKe
Chicago Board of Tra»le
*

$22,000

425
900
800
600
505
340 500b,550a.

1,200
19,500
*2,500
1,010
1,600

1,3.'J0

19,500
2,500
i.iso

Nominal.

—

Foreign Exchange. The report on sterling almost every
day this week has been "dull but firm." There has been no
activity in

the

demand

for

bills,

but rates are firmly held,

and on Thursday the talk began of gold exports by Saturday's
steamers, and to day $3,500;000 has been engaged; $2')0,000
Bankers'
will also l>e sent from Boston. Actual rates are
sixty days sterling, 4 8oi^@4 86; demand, 4 ftftU-^ai S«i.<
:

:

cables, 4

88^@4 80.

Posted rates of leading bankers are as follows
June

19.

Prime bankers' sterling

bills

on London.

Prime commerciaV
Documentary commercial

-

Sixty Dayt.

Demand.

4 86>i

4 89

4 <H^»4. S4\
4 84 •« 84>4

9 20<g35 20 &18>e«5 1719
Amsterdam
40>e«40>i«
95>«995>4
95^ 995^8
Frankfort or Bremen (relchmarkslb'nker*

Paris bankers (francs)
(guilders)

bankers

Terminal collateral 6s

&

A.), at 05.

by the improved outlook abroad and the firmer prices o^
American stocks in London. After the opening, however, the
market was dominated in a large degree bv Chicago Gas, first
by free selling on Monday, which carried prices down, and
then by a quick recovery with the iinal report on Thursday of
sisted

a complete settlement of the pending controversy with the
city olT Chicago on terms favorable tn the company. The
price then went above 55 and closes to day at 54;<.
The sporting events of the week have caofed a amaU attendance at the Stock Exchange on some days, and bear
rumors have been circulated at times to influence prices; for
instance, the report that Louisville & Nashville would pay ita
next dividend in scrip (denied by the officers), and the old
story that N. Y. & New Englan<l finances were in a l>ad way,
which was substantiallv ref ute<l at the meeting of the directors
on Thursday, followed bv a rise in the stock to M^, oloains
pf)int lower. The Bank of England re<luciog its imt*
to-day
to 3 per cent was a strong influence on Thursday, aa it is
a practical exhibit of greater confidence at London.
The market is narrow and dealings limited almi»<t entireir to
the few active stocks, but the tone is |>ali«ably lH>ttcr tlian a few
weeks ago, as the foreign outlook seems to be so decidedly
improved.
In the unlisted shares and tru^ttaen hM
beea no activity but silver bullion certiiicatee were dealt la
more freely yesterday, rising to 00J< and selling acUvaly to-

The following were the rates of domestic excnange on New
York at the undermentioned cities to-day: Savannah, buying
New Orleans, commercial, 40c.
par, selling }4 premium
per $1,000 premium: bank. |1 00 per $1,000 premium: Charleston, buying par, selling ii premium; 8t. Louis, 00c. per $1,000
day up
premium; Chicago, 12^ to 25 cents per $1,000 premium.
:

(F.

Railroad and iHisccllaneons Stocks.- The stock market
made a good start early in the week, following the better tone
on Saturdav, which was helped by the satisfactory bank statement of that day. The leading speculative favorites among
the Western 8tt)cks were fairly active at higher prioea, aa-

1

:

to

100^

at the close.

THE CHRONICLE.

926

NEW YORK STOCK EXCHANGE—^Or/FB STOCKS

[Vol. lit.

JUNE

for week ending

19, and since JAN. 1, 1891.

HIGHEST AND I^OWEST PRICES
STOCKS

June

Active KK. Stocks.
AtcWson Toi). Santa Fe
4fe

&

Pacific
.........
Cftii&dian Pacific
Canada Soutliern
Central of New Jersey
Central Pacific
Chesapeake & C, vot, tr. cert.
Do
do
l8t pref

Atlantic

Do

do

Monday,
June 15.

Saturday,

2d pref

& Alton
Chicago Burlington & Quincy.
Cliicago & Eastern Illinois
pre'Do
Chicago Milwaukee & St. Paul.
pref.
Do
Chicago & Northwestern
pref.
Do
Chicago Rock Island & Pacific.
Cliicago

S238
*4ia
*78i2

49%
110
*30
17I2

13.

33ie
51a

33ifl

79 1«

79

*458

June

33=8
514

16.

June

32%

3338

•458

•5
7958

80

5I4

171a

49
*28ia 30
'124 126

•29
29
29
30
•124 126 •124 126
8914
9014
89
89%
895s
6514 651a
65% 65%
6519

|

Thursday,

June

17.

32% 33 14

78% 79%

79
50

Wednesday,

49
49% 49%
491a
110
110% 110% 110 110
•30% 31% •31
31
31
1714
16%
1719
16%
171a
48%
48% 49
49
49

4934

111
31

49

8914
6518

Tuesday,

18.

32% 33%

5%

•5

514

79%

80

49% 49%

49%

Friday,
19.

3238
5

33%

80,966

5
8C38

1,920

79%

49% 49%

110

110

108% 109

30
127

28%

126

30
126

28
126

28%

31% 31
31% -30% 31%
17 17%
16% 16% 17
48 49%
48
48% 48

88% 89%
65>4

of sales in 1891.

Lowest.

Shares.

2456 Mar. 10
459 Mar. 19
72ii .Tnn. 6
900 48 ' Mar. 7
1,961 3 06 Jan. 26
100; 29
Feh. 24
1,550 1578 May 19
700 44 Jan. 2

100

Highest.

34=8 Apr. 35
6 Jan. IS

80% Apr. 17
5258 Apr. 27
122% Apr. 28
31% Apr. 30
1978 Feb. 9
54% Feb. 10
105 26% May 20 34% Feb. 10

28

126

88% 89% 8778 89%
65 14 65% 65% 65% 65%
9214 91% 92%
92
92
65% 6438 65% 63% 65%
112% '112% 113 '112% 113
106% 106% 10638 10576 100

Range

Week,

June

110

125%

Sales
of the

1

.

Mav 12 130 Jan. 5
75% Mar. 7 93% Jan. 14
41% Jan. 3 67% May 1

100 J 23

33,462
1,200

9414
93% 93% X9214
715 83 Jan. 2 97=8 May 1
93% 93% 94
65
64%
6538 6618
64^8 651*
655a
158,2951 .50% Jan. 2 6658 May 1
112^11278
112%
11258
113
11258
1121a
988 105% Jan. 31 113% May 1
IO614 106% 106%
lOS'e 1061a 1061a 107
5,190 102% Mar. 9 11158 Apr. 25
133 133 '133 135 '133 135
132 132 *133 134
270
Mar. 18 138% Jan. 12
7254 "fsH 7214 73% 72% 7278 71% 7258 36,9-'6 130
73ia
73
74
73
6338 Mar. 6 8058 May 1
25"4 2514 •24
25
24% 23
25
25%
24%
25
200 22 Mar. 10 29 Apr. 27
Cliicago St. Paul Minn. & Oni.
85 86 80 85 84 86
85
•200 77% Jan. 29 86=8 Apr. 22
85
831a 831a *84ia 851a
pref.
Do
6258 63%
62% 63
62% 63
6238 63
63
62% 62% 6,852 58% Mar. 7 6678 May 5
631a
dere. Cinein. Chic. & St. L.
91
91
•91
91
-91
94
94
94
94
94
Mar. 23 98 Jan. 9
pref.
Do
"306 91
26'4 261a •26
26% 26
26% 26" "2'6" 26
26%
24 Apr. 10 29% May 6
Columbus Hocking Val. & Tol. •251a 27
128
129
12938
12818
128%
128%
12938
12938
129
129
128
128
845
June 9 13959 Feb. 7
&
Hudson
127
J!)elaware
135% 136% 13558 13638 7,465 131 Jan. 2 14038 Feb. 9
135% 136
Delaware Lackawanna &West 135% 135% I3514 13618 135% 136
I6I4
I6I4
I6I4
I7I4
*i6i8
15%
1578
1579
1678
16
15%
16%
2,417
June IS 2038 Jan. 13
1334
Denver iic Kiu Grande
5278 5278
50
5411 541a
50% 49% 50
54
54
50% 50% 2,182 49% June 18 637eJan. 14
Do
pref.
•6I4
'6I4
-614
6
6
534
6%
6
5%
6%
6%
7
690
JSast Tennessee Va. & Ga
5% June 19 8% Jan. 14
54 60 52 60 52 60 50 60
•54
60
60
,
Do
Istpref. *54
52 Mar. 16 66 Jan. 14
*14i2
14
*14ia
15
16%
15
16
200
161a
Do
14 May 12 19% Jan. 14
2d pref.
.M"*
iJ"* xl24 125
125 125
125 127% 123 128
123 123
1,610 111% Feb. 5 129 Apr. 2
Eyansville & Terre Haute.... 125 128
•85
85
85
•86
86
•86
87
87
87%
87%
88
871a
•Great Northern, pref
72 Jan. £ 92% Apr. 9
'97
93 95
94% 95
96% 97
96
99
96
97% 98
i",435 90
Mar. 9 103% Jan. 14
niiuois Central
..
•7%
•7%
«7ia
9
9
9
9
8%
8
Xowa Central
6% Jan. 10 9% Apr. 21
'23
23 26
26
26
25
25
24% 24%
"ibo 20 Jan. 3 30 May 1
Do
pref. *23i3 26
1414 14%
14
13% 13% 13% 13% 13% 13%
850 12=9 May 19 15% Feb. 5
133i 13%
Xiake Erie & Western
56 57J4 •56 57% 56 56%
56
57
56
57% 57% 57
855 54% Mar. 6 61% Apr. 28
Do
pref.
110
11038
IIOI4IIOI4
111
11038
110%
110%
110%
111
109%
109%
Xake Shore & Mich. Southern.
3,335 106% Jan. 2 11359 Feb. 9
*93
94
94
94% 94
94
94
94
93% 93% -S3
941a
866 86 Jan. 3 96% Apr. 7
Xong Island
74
7418 741a
74% 72% 73% 72% 73% 72% 73% 72% 73% 71,895 7138 Mar. 7 8238 May 1
iouisviUe & Nashville
2378 24%
2418 2414
2368 24
23% 23% 23% 23% 1,200 18 Mar. 9 29% Apr. 27
24
24
Xouisv. New All). & Chicago..
10 15
10 15
15
I/Ouisville St. Louis & Texas. *10
5 Mar. 24 18 Jan. 15
i02i4 ib27e IOII4 IOII4 10158 ib'i% •100 101% ibo" 106%
Manhattan Elevated, consol. 102 102
1,295 96% Jan. 27 109 Apr. 6
•19%
2013
2038
20
•igifi
20
20% 20%
100 18% Mar. 21 24% Jan. 4
Jrlexioan Central
*89" "giii 89
•89
•89% 91
90% 89
16 89% May 13 96 Feb. 3
Michigan Central
•891a 91
-70
71 74 71 74 '71 74 •72%
74
73
Milwaukee Lake 8h. & West. •70
70 May 21 93 Jan. 15
'100% 104 •101 104 101 104 '101 104 102 107%
Do
98% May IP 111 Jan. 14
i)ref. •lOOia 104
•3%
•3%
•3%
*3ia
4%
4%
4%
4%
5
Minneapolis & St. Louis
5
6% Jan. 10
37b Mar. 18
•8
*8% 9%
10
9%
9
9
9%
9% "ibo 8 Mar. 18 12% Jan. 14
Do
pref.
14%
15% 14% 14%
M0.K.& Tex., ex 2dm. bends. 1478 l^'s 14% 147e I414 I514
610 11% Mar. 14 16% Apr. 30
*24
23% 24
24
2414 2438
24% 25
24% 24
24
24
Do
1,608 19% Mar. 6 26 May 1
pref.
69I4 69=8
6938 7038
Missouri Pacific
68% 69% 68I4 69% 6858 69% 6858 69% 28,085 60% Jan. 2 73% Apr. 27
•43
42 43% *42 44
42
'42% 44
44
44
42
M:oblle&Ohio
44
225 26 Jan. 2 44% June 3
107% 107% •106 108 •106 108
550 93 Jan. 21 110 May 29
Uashv.Chattunooga&St.Louls •105 108
1077e 10778 108 108
New York Central & Hudson. 100=8 100=8 101 101 100% 100% 100=8 1005e 10058 1C05|, 100% 100%
660 99% May 19 104% Feb. 3
Uew York Chic. & St. Louis . 1338 1338 13% 13% •13 13% •12% 1314 13% 13% -12% 13%
500 11% Jan. 2 1458 Feb. 10
•65
•65
65 68 65 68 65 68
68
Do
68
68
Istpref. *65
57 Jan. 2 70 Jan. 29
•27
29
Do
28% 28% '27
29
29
29% '27
29
"iSo 23 Jan. 2 31% Feb. 10
2d pref. *26ia 29
2014 2038
1978 20
1979 20
1958 1978
20
20
aiew York Lake Erie & West'n
1,975 17% Mar. 7 22% Apr. 28
•50% 53
'50% 53
53
53
53
Do
53
53% 53%
255 48% Jan. 7 56% Apr. 28
pref. *50
3638
3479 3658 24,495 32 Mar. 9 41% Jan. 15
Jfew Y'ork & New England .
34% 3o
34% 3514 34% 35
35
35% 35
Ifew York New Hav. & Hart. *230 240 "230 240 •230 240 •230 240 •230 240 '2-27 237
'226 Mar. 26 271
Feb. 3
Jfew York Ontario & Western 161a 165s 1678 1678 1658 1658 16
16% 16% 1638 16% 16% i'.seo 15% Jan. 2 1334 Mar. 17
•7% 7%
New York Susquehan. &West. •714 71a
7% 7% 714 7%
714
714
7% 7%
210
7% June 4 11% Feb. 17
•27% 29
28 29 '28 29 •28 29 '28 29
Do
29
pref. *28
28 June 4 40% Feb. 18
•14% I5I9 •14% 15% '14% 15% •14% I5I4 1434 15%
Iforfolk & Western
15%
1338 Mar. 12 1634 Jan. 14
"200
52
52''8
52
52
53
•52
Do
52'8
53
53
53
53
53
pref.
51% May 18 57% Jan. 14
2478 2478
Jf orthern Paotflc
24% 25
24
24
24% 24% 24% 24% 2,085 21% Jan. 2 30 Jan. 14
241a 2468
Do
67Te 68ie
68% 6858 6778 68% 6778 6858 67% 68
6738 6778 13,250 63% Jan. 2 74 Jan. 30
pref.
•Ohio & Mississippi
•17% 18% 18
19% •18
19
'
19%
15% Mar. 11 1979 Jan. 17
"15"' "15"' •18M
•14" "17
•14
14 17 •14 17
Ohio Southern
-14
17
17
"ibo 14 Jan. 2 18 Feb. 7
•71
72 74 •70 74 '70 74 71 74
-Oregon E'y & Navigation Co. '71
74
74
65 Mar. 9 82 Jan. 12
Oregon S-h. Line & Utah North 261a 2714 -26% 27%
26 27 26 27
26% "325 19 Jan. 5 30 Apr. 28
Peoria Decatur & Evansville. •18
18 20
19% •18
20
-is" "20" 18
20
18% 18%
100 14% Jan. 7 22 Apr. 23
Phila. & Read., vot. trust, cert.
3lia 31I2
32
3214
31% 31% 31% 31% •31% 31% 31% 31% 4,450 2838 Mar. 10 33 May 1
16ij -15
Pittsburg Cinu. Chic. & St. L. •15
'15% 1738
161.1
16% •1534 16% -15% 16%
100 12% Jan. 7 1838 Apr. 27
^"
59% •58
59% •08
pref. •58
59% 58
59% 58
59%
59% 58
48 Jan. 6 6478 Apr. 27
,
EiehmondiWestP'tTerniinal
15% 16
16
]6>4
16
16% 1569 16
1579 16
15% 15% 7,98b 1538 June 9 19% Feb. 7
Do
»60ia
70
71
70
71
pref.
71
69
69
69% 69%
830 67% Jan. 2 76% Feb. 10
70
„,
•38
Elo Grande Western...
39 40%
40
39% 39% 39
41
110 23 J«n. 2 44 May 1
41
41
*'69" ;.'.!;!
Do
71 72 70 72
70
70
pref.
71% 71% 70% 71
340 55% Jan. 2 74% Apr. 30
„
EomeWatert.& Ogdens.-N en '109 110 -109 110 •109% 110 109% 110 109% 110 109 110
109 May 22 114% Apr. 18
St. Louis Alton & T. H.. pref. *125
135 '125 135 •125 135 •125 135 125 135 125 135
120 Jan. 6 122% Jan. 3
Bt. L. Ark & Tex., trust rec.
*9ia 11
9% Feb. 26 12% May 23
"69" 64" "69" '64" 69" *65" "id"
•64" '69"
Bt. Lou. & Sau Fran. ,tst pref.
55 Feb. 16 70 Jan. 16
"32'"
"32"
•31
-31
St. Paul & Duluth
33
33
31 33 •31 33 •31 33
"ibo 24 Jan. 15 33 June 10
•95
98
97
97
98
'96
*96
pref. '95
98
98
UK) 85 Jan. 5 97 June 12
98
^ ^Do
fit. Paul Minn. & Manitoba
105 103 105 '103 106
6
. *103
200 100 Jan. 2 111 F-eb
103 103 '103 107 •103% 106
Bouthern Pacific Co
32=8 3314
33% 33% 33 '4 33=8 33% 33% 32% 33% 33
3338
2,850 23 Jan. 16 33.% June 15
Texas &Pac!fic
*14
1414 143e
1438 1438 14
1418
14
14
5S0 1278 Mar. 10 16% Jin. 14
1414
13% 13%
Toledo Ann Arbor & N. Mich
•14% 16
15
I514 •14% 15%
16
151a 15ie •I5J4
920 15 June 9 20%Jau. 13
Toledo & Ohio Central
50
50 *
45 Apr. f 61 Jan. 13
60
50 '
50
50 •
Do
•76
•76
85
85
85
76 85 76 85 '76 85
78 June 8 88 Feb. 16
pref. *76
Cnion Pacific
4158
Jan. 26 52% Apr. 28
46% 46% 45
451a 4638
4438
4568
45%
453s
36,310
44%
44%
455a
Union Pacific Denver & Gulf '181a 19
-19
19% 20% •19
20
19%
1,100 18% June S 24% Jan. 14
Wabash
1078 lllf
:
11
11
10% 107g "1038 "1038 "16% "16% 1038 1038 2.885 85? Mar. lOi 11=8 Apr. 25
2318 231s
23=8 24
23% 23% 23
2358'
Pief23% 22% 23%. 20,370 1678 Jan. 2 24 June 15
23
??°
.nr,
Wheeling & Lake Erie .......
3538 3614
35% 365, 35% 36
3579
7,200 29% Jan. 2h 37% May 5
35% 3578 3558 35% 35
Do
7513 75T8
7578 76 k
pref
76% 76% 7538 7638 7514 76% 74% 7578! 4,320 67% Jan. '- 79% Apr. 27
Wisconsin Central Co........! 1858 19
'18%
I914 193, •18%
200 17% June 4 23% Jan. 14
18=8 19% *18
19%
20
iniscellaiieoiis Stocks.
American Cotton Oil Co.
*22i9 23
Apr. 22
2 29
22% 2358 2314 23%' 23% 23% 2278 23
23
23
1,550; 1579 Jan.
•43
-43
43
43
45
43 45
85 33% Jan. 2 53 Apr. 23
P'ef45
43
44% 43
- „
P" ^
Am. Sugar
Kef. Co.,tcujp. ctfs.
se'e 871s 1183% 88=8
83% 8414 80% 83=8 81% 82% 81% 8I79 16,999 57% Jan. 17 91% Apr. 10
Do
pref., temp. ctfs.
9314 93^j X89% 91
90=8 9056
8«% 88%' l,.51f 85 Feb. 27 96 June 9
88% 8»% 8878 S9
•Chicago Gas Co
53''8 5415II4 54
51% 54% 53% 55% 5-1% 55% 53=8 5459199,010 34 Jan. 2 55% Juno 18
'
Colorado Coal &
,.
3514 3514 -3514 355s
700 33 jHn. 2 39% Mar. 16
351a 3558
S5% 35% 35
35%
35%
35%
Consolidated Gas Co. . . .
*93ia 95
851 93% June 11 9958 Apr. 30
94% 94% 94
94% 93% 93% 93% 93%
947a
Distilling & Cattle Feed'gCo
4512 46%
46% 47
48% 47
4638 x45
43%
5,550 41% Feb. 16 49 Jan. 12
46%
46%
40%
Edison General Electric
*99 102
•99 102 klOO 102 100 102
335 88 Jan. 3;111 Feb. 5
100% 100% 101 101
National Cordage Co
lOl^e 102'4 IO2I4 103% 102% 103% 102% 103% 102% 102% 10138 102% 1 T 97.'i 7:l»i Mnr. ll'lOl Mav 27
Do
pref 104 104
-103% 105
105 105
103 103%; "i!o90 161 "Feb. 3'lio% Maif 7
103 103
104 103
Jf ational Lead Tnist
I8I4
17=8 17% 10,035 17% Jan. 21 21% Jan. 17
1758 1778
181a 18% XI8I4 18%; 18
17% 18
North American Co
1514 1538
•1434
I514 15%!
11% 15'e 147s 15%
15
14% 14% 5,615 1134 Jan. 2; 19% Feb. 13
Oregon Improvement Co
*27
-28
'27
15% Jan. 7 32% May 1
29
26
20%
29
281a •26% 29
29
28%
PaciticMail
36 14 3678 36% 3733' 36I4 36%
'36
2',3b5 31% Jan. 26, 4134 Feb. 26
36%
37
36% 36% 36
Pipe Line Certificates 5 ...!!!
Feb. 10
69
69
68
6578 6^38
69%! 6814 69
67% 63
79,000 6578 June IS 81
68%
68%
Pullman Palace CarCo... . *lf^O 182 181 183 1*180 183
180 May 14 196% Jan. 14
-180 183 •ISO 183
Silver Bullion Certificates. .
98I4
9iM 97% 98I4! 98
9838 9978
lOil^s' r,i6r,ooo 96% Apr. 22 107% Jan. 15
99%
98M
98%
"9's%
Tennessee Coal <k Iron
•33
31
33% 34I4I 33
33% 33
33% 33% 3338 32% 33% 2,460 32 May IS 39% Jan. 14
Do
•88
•83
pref
90
90
87 90 '87 90
400 80 Jan. 6 88 June 16
86% 88
-87
90
Western Union Te graph ...'.
8II2
Rl>4 81581 81
81
81% 80% 81% 4.7611 76 Jan. 2 83 Apr. 30
81% 80% 81% 81

23%

23%

.

1

23%
13%

13%

13%

7%

7%

7%

18%

18%

3%
8%

Wa

3%
8

8

14%

14%

19%

50%

.

14%

25%

15%

_

69%

64"

96

14%

„

.

1

42%

I

.

93%

1

1

'

1

These are the prices bid and asked

;

no sale made.

^

Prices from both Eiehangas.

1

Ex

rlglits.

x Ex dlvideuj.

||

Lawost

is

ex

div.

June

THE CHRUMULK

20, ISSI.J

9M

UDSTON. PHILAUELI'MIA AND UALTIJIOKE STOCK EXCHANOBK.
8«lM

Active Stock*.
H Imllt'iitoa uullHtcd.

Mnadny,
June 15.

Bntiirdju-,
Jiiiio 13.

Taendiir,

Juue

Weilnswlaj,

June

10.

Thiirwliir,
Jiiuo 18.

17. H

Juue

10.
I

& S. Fe
Allaiilli' * Piic.
Atvli. T.

Baltimore

ii

(llonton)

AOO

32^ 33

33 >«

100

5

•4'9

••

Ohio

'4^

80

fllall.J.Utit

"
iHt |>lifrrir(I
IdO
"
2(1 i>nririiil
l(H>
Boston .V Alli:niyrBo»toii>. 100

Boston
Boston

& Lowell

Ontral

of Miias.

A-

'•

201
ITS
106

lOOi *13

19

100

"

85

'

....

'.'.'.'.'.'.

e4Tg

CPAWJ.IOO

A W. Mich. rX'o«(oii;.100
Clevc. & Cimtou
100 "'iK

«3is

28U
173

ioi

172
195
•18

100 *37ia S8>t
100 89^ 89%

I'll' fc 11-0(1

Clilc.Hiir.&Quln.
Chic. Mil. ASt.P.

88

5
'.'.'.'.'.'.

iOO
•172

1<K>

"

Mnino

80
•130

SS

•130

33% 33 >4

SSIr
8

174

196
19

37

87

89>a
e5>9

eo>8
6a>8

131

m>i

'•

'.'.'.'.'.

'.'.'.'.'.'.

"

lOO '20
"
FltchlxiiKinrt.
100 78
FI. it Pert) Marq.
'•
100
"
Pr(>fciTcd
lOO 73
Hunt. A Hr. Top. (Ph ila). 50 21 5b
"
Prefcneil
to •4718
"
I^hleh Viillcy
50 47
Maine I'ciitiol fltoslonJ.lQO
"
Mexicnn Central
19^
100
"
H. Y.
N. Eug.
100 347a
"
Preferred
100 1)9%
Northern Central (Bull.). 50
Northern Paulflo (Pliila.).lOO 24>D
"
Preferred
100 67'8
Old Colony
164
( lioslnn). 100
PennHvlvania.. (I'liila.). 50
50
Phlhulel. * Erie.
"
80
"
Phlla.>tUeiuling
50 15ia„
Buminit Dranoh (Boston). 60
5
'•
Union I'aellie
100 4G

78
2408
4714

47

21% 24%
47H)
47'«

47
140

20

IU'8
3478

34''8

A.-

78>«

•4714

19%

09% 100

24%

"ii'ia

68»«

e3<4

164
50 le
29

35I8

100
05

05

300

24%

ISI*

46%

467;

714

7'4

x83>a

8458

*7

mucellancniiM Stocks.
Am.SuK'rKeUn.UfBostod;...
;93% 871-1
"
*90
Preferred
90
'•
Bell Telephone..
100 199% 200
Bost. «fe IVloutana
"
43% 43%
25
But lc& Boston..
"
15
13
23
Cahinict A Ucela
"
25 >248 250
Canton Co
(Ball.).lOO
53
"45'
"
Consolidated Gas
43
KJO
Erie T elephone fBoslonJAOO
48
48
Lain.'<ou Store Ser.
"
16
16
50
Lehi"h('()al\-Nav ThU /
50 4618 4618
N.EiiK. Telephone ^/J'i»<'iO 100
50
50
North Aiuericau. fPhil.J.Um *13i4..-.
42i58
Thonison-H'nEl. %(Bosl'n) 25
42
"
Preferred.
25=8 2558
25
.n
20I4 20%
West End Land..
"
* Bid and aaked prices; uo sale was
k

637, es

77>i(

72

74

75
23

75
25

74

78

•5%

•8%

•47

78

Ti'14

47

47 >s

24>ii

*40<4

47
47

l?"*

4(17g

10>«

63%
24%

24% 2t%
50

68

50 Kj
29
1578

50 >s 80 >e
30
•I5«i

•163'«
80>8

7-4

8378

8378

13>a

46>«

52

1514

IS^

43

44

2519

25%

21
mado.

21=8

*35
'45
4314
17
46'i
•oO
1478

•7

2l>4

7>4

44>s

•5%
'225
•7

81%

'53
*44Hi
•43
'leij

40
17

46 >4

46>ji

MH,

200

253
60
45
40

15

15>4

•44%
487g

dlv.

X KX

41

44

2558

255a

21%

21i(.

H

42

3,635

143
222

1479

44

88% .Ian. 181% Mar.

67

15

Mar. 30

June

19.

'

5

11
20

»

31

Jan. 14.
Mar. 81

Jaue

9-

Jan. 14

53

May

10%

Feb. 17
Jan. 81
Jan. •Apr. 2>

Feb. 10-

5

49
26

13% June 9 24%

&

lEx rUbU.

aton.

Penna. Consel.

1

13
2S-

24

2

Bonds.

60

1»

Mar. 81
Jan. 9-

600
716
632 23

!

Bid.

1019, Var!
••
Water Power
100
2% 258 Collat. Tr. 4% g
rjl3.JitI)
Atlanta & Charlotte (£a//.).10O
"
94
96
Westinghouse Elec.1I
50.
13
13% Pa. AN. V. Canal,7»...I90(j. JAU
Boston Jt Provldcuee (//o»(oK).100i
'253
Con»ol.38
I03y, aAO
Bonds.— Boston.—
Camden (fcAtanliepf. (Phllu.) 501
30
At.Toi>.Jc.3.K.I0()-yr. lg.,1980. J&J § 77% 7778 Perklomen, 1st 8cr.,5». 1013, y-J
Catawissa
"
8% 100-year income g., l»80.8ept. 5 47% 47% PliUa.<&£riegen.M.5g.,l!)20, AM)
50
1st preferred
"
50.
Gen. mort., 4 g
1U20, AAO
56
56% Burl. & Mo. Klver Exempt 6«, J&J §112%'
2d preferred
1018. J*J {101%;
Phila .& K«'ad. new 4 g., IdOM. J4J
"
55% Non-exempt 68
50
Central Ohio
Plain 4s
1910, J&J {
Istpref. Income, 5 g, 1053, F'eb 1
50% 51
(Ball.). 50
"
Charl. Col. & AuBusta
97
98
2d pief. income, 5 g, 1953, Feb. 1'
Chic. Burl. & Nor. l«t5,10-26, A.tO
100;
Conueetieut & Pass. (Bos/on). 100!
1913, JAD
99 101
3d pref. income, 3 g, 1933. Feb. 11
2d mort. 68
•'
1M93, A&O
00%'
Couneeticnt River...
1 39(i, JAU
Debenture 6s
2d, 78
100 218
Delaware &. lioiiiid Br. (P/i Ja.) . 100
85
Con.soI. mort. 78
1911, J&U
Chic. Burl.AQuincy 4s.. 1922, FAA
88
1919, AAO
SO
Consol. mort. 6 g
191 1, JAU
Har.Port':..Mt..Iov.tL.
"
80 p Iowa Uivision 4s
50 t
.)s, 1021,
luzi, J&D
Kan. C'y I't.s.&.Mem. (Boston). 100
umc.ctw.Micu.
W.Mich, gen. .->s,
j&u J 03% 04% Improvement M.O g.,
Chic.A
g. 1807, AAO
"
Con. M.,5 g..Btampcd,10.;2.MA.V,
K.C'yFt.8. itGulf pf.
Consol. of Vermont. Js. '913, J&J S 88
lOOj
""
Phil. WUni.i Bait., 48.1917, AAO|
K. City Mem. & Birm.
"
Current River, 1st. 5s.. 1027, AAO
100
Little Sehuylldll
... 106% Pitts. C. & St. I», 78....1900. FJtA;
Det. Lans.ANor'n M.7b. l!)07.J(tJ
68
(PhUa.). 501
Po'keepsie Bridge, 6 g. 1936, FAA
Maiiehester .k Law.. [Bosloii) .100
I sstcni 1st mort. (i g., 1906, MAS $121
8chuvl.R.E.f-ide,l8t3g.l9:Jj,JAU
MaryhNid Central. ...
Free.Elk.AM.V.,l8t,69.1933,AA0 6....
(Bull.) 50
Prices of

38.
29-

.•lur.

Mar

Feb.

»

tS

1»

.14

>

3

4.4301

1»

.,•

50

Jau.
li% Jan.
41
June

IS-

\-.r.

I

1|

Bo

••»

1

ll'<4

2031 46

44
in

Juue
June

'-

25% 23%
205s 21%

H oliday

Feb.
Jan.

Feb. 11
Jan. 14

>..

Jan.
2 116% Jan.
I' 66% reb.
2 291% Jan.
2 74
Feb.
n 103% Apr.
II)
53 Apr.
10 3 J Feb.
10 17',. .May
5
H\ Jao.
26 5'J% Apr.
H 230 Feb.
Hi
reb.
4

:.

Jan. J
1.295 3i«% Jau.
1,110. 13% Jan. 2 17
91 246 Jan. 3 2 30
44% Jan. 27 53
20 44% Juue 4 49
3 50%
131>, 4358 Jan.

4g7g

•1458

4%

4 221%
130i
7%

Ask.

Bid.

Inactive stocks.
Tliom.Europ.E.WeldTl (Boston) 100

2,653

46% 46%

15>8

dlv.

14% Mar.

8178

53

May
.Mnr.

3,033,
200|

201%

•50

Juue

2H

'

•16%

1479

21'4

Lowest Is ox

70 103
4,734| 4959

7%

67
45

.

«;ru June
l,713i 21% Juu,
8,000 63»» Juu.

226

254

46 Hi 47
52

18

3J% .M (r.
06% June

24

44% 44%
15% 15%

•50

52

17%

8.761
1,3.53>

15%

•55

Apr. 23

JuMlf
Mar $
Feb. i

't

140

W»
101

252

•\

•

874i 45',

44% 43%

44Hi
15>«

U>^

251

43I3 43>2
2558 255s
J

15«»

.1
.1

2,M55

29

223

87

4678

50% 80%

81
82
89 >a 90
200 201

•55
•4t>«

820 17%
6 4^%

184
50<4

71%

'276,

24% 24%
67% 677,

'44% "44%

15>D

250
57

09

20

•7

I

•63% 61%

1878 13Uiel5iJ|,

2 25"

7'4

33%

33 le 311 "4
100-% 10 IHt
65
83%
34% 24 Hi 24 >«
«8i|
6778 08

•
1

MO'tllS
3 .-(r.
J»n. __
10 172% Jimp I7.l-(3% r<*. m
«5 IHi May l,2U(i% r«b. It
tan.
2u% Jan.
:ui.
2 4U r«».
Mar. 7 98% Jan.^;i
10,<I>^ Kl
Jan. 3 (M% May 1
41
Mar. 13 51 Jaru 9
10 >
8 Mar. 1
7 Jan. 6
Mnr. 14 2i May 33
100! 17
362 72 June IM M3% Jan. 5
Mnr. I'l .'<l% A in-. 2S
ll>

19% 20%

19

3A

Apr.

M»r. lol

34% 24%
47%

•47
401%
•140

140

S47g 3479
100>4 lOlH,

2.10

16

4<;>s

•24

47

00%
200%
44% 44%

201
4378 44
15
16
230 250
•56
58
45
45

•50

34%

47
47

90
200

200

*4S
16

24>a

19% 19%

75

•

34%

i

6

'10

•iO

47>s

223

Ask.

Bid.

Inactive Stocks.

*18«i

Bli

10

Xar.
Jan.
Jan.
Jan.

1U0|I27
iia

87% 37%
88
80%

20 >4

vlar.

85

*130
•116 110
301 201
•173'9
105% too

63<a

2014
76'a

68%

f/»WMl.

»»i4
4'»

80

68 >«

l'51»,'i

224% 224% 2241a

United Cos.of N.J.r;»Ai7rt.J 100
WostcrnN.Y.&Par/'AiV<(.>.100

8H7«
6«>a

68

eii^

*'•

.
•

10
S8l9

38

67 'a 68 Hi
1641s 164 164

29
1578 16

40 <«

aui
178
106

178
196

10319 197
•18
10
•87
38>«
69
8958

04

56% 50%

15'8
5

8

•2^

•17

73i«

73

6

88

"a

•20
22
77'9 77%

S3>4

85
181

200
175

Cliic.

Prcftriisl

3i%

Baao«fMlMl*tMl.

Wavk,
Hbnim,

.'>g,

r

.

111
105
117
:118

I

.

.")

1

io-J"

110%

1

'

|

i

J

I

(
(
1

I

"07

Hill & ti. Haven (Phila.). 50
NesquelioninKVal
"
50.
NortlieniN. 11
(Bo«<o)i).100
North Peuii«ylvauitt. (Phila.). 50|
Oreitcin short Llne...ri<<«iton;.100j
ParkorsbnrK
(Ball.) 50'
Pennsylvania .feN.W. (Pliila.) 50
Ealei^h ,fc Gaston
(Balt.)lOO
Kutlaud
(£o«ton).10O!
Preferred
100
Seaboard A Roanoke. (Ba«.) 100
•
l8t prefemjd
100
West End
ABoslon). 50
"
Preferred
50.
West Jersey
{PhUa.). 50
50i
'•
West Jersey & At!an.
Western Maryland..
(Ball.). 50
"
Wiliu. Col. & Augusta
100
"
Wiimiut.'t'n,fc Weldon
100,
Wisconsin Central... (Boston). 100
•'
Preferred
100
Worc'et.Nash.&Roch.
"
100,
MIKCKLLANEOCS.
AUoncz Mining
(Ifosfon). 25
"
Atlantic UiuiuK
25
City Passenger RK... (Ball.). 25]

Mine

54%

K.C.C.A8pring.,lst,.''>g.,1925,A40{
K. C. F. S. A M. con. Gs, 1928,
{
K.C. Mem. A Bir.,1 81,59,1027, MAS 5
K.C.St. Jo. AC. B., 78..1907'. JAJS

MAN

138

80% 80%
25% 26%

L.

State

Cas

(Boslon). 50|
"
101
"
Centennial Mining...
lOi
"
Fort Wayne EleetrieU
25!
"
Franl;liii Miuing
23|

Boston Loud

RockAFt.

8.,

lst,78..1»03,JAJ

5

'

106
89

;

lAtlanU(JcCnarl.,
Income 08

03

i

,

'

i

'

I

12
108
115
19

.

i!

,

30
16

I

.

102
123

1

19%

45
127

.

3%

3%
16

1

75"

70
20
"15"

I

100%

OS

I

41

116

40

103%

<«.

*'

5

|

6

C*

16
12
12%
18%; 10
4% 5

Eliulr.

A Wllm..I«t.6«.191o,

'

I

!!."!.' io8%
10J% 103
114% 113%

116

1

I

I

I

I

;

:

t

.117

110%111>«
;;i"!lioi"
100

113
117
113

1115%
I1I8

'.••~^,

116
;i>3%

..>.-.

..1%
^U6>4

'<(

Last pric* tbis.week

lift

I

1

And accrued luteieat.

|103

96"; 07**
90 100
99
M>»
90
00%

'

MAN

,

i

.

93% 99

104

u—

30

I

fJj^UtAii,

,

,,
1907, .^U' 120%' 121
looo, AAO,
1U3>»

113
MISCELLANEOUS.
JAJ.
.„
„,„
1900,
Uall6s.
101% Baltimore—City
"
Hunt. ABr'dTop,Cou.3s.'95,AAO
Huron .Mining
25
2%
Fund(n»t6s
Illinois Steelli
Lehigh Nav. 4 %»
1914, o-J 107
"
100 68
.•••^SSJ^TTi
We.l JlaryrdBB.6s..l90--',JaJ
1H97,/AU 109%
"
25'
2d6s,goia
Kear.sarge Mining
13
14
MAN
1016. M(»N,
Water 5s
5s:
100
Morrii^c anal guar. 4. (Phila.) .100 I 78
Generalmort. 4%s, g.l024.U-F|
1916, MAN
Funding 5s
Preferred guar. 10
'•
Lehigh VaUey, Ut Os... 1^93, JAU 110% 111%
100 I
lOiW.JAJi
Exchange 3%s..
Osceola Mining. ....... (Boston). 251 38%, 80%
M^n
1910, MAH 131
Chesapeake Qas. 6«
124
Pewabic .Mining
"
Consol.0
1923. JAU
25!
JiW--;-*;? 103%
lOlo JAU 112%
Pullman Palace Car..
"
100 i82" is3" North Penn. lat, 7s....l3!)«, MAN 112% 113% Consol. Gas, 6s
09
1939. JAJ
.'»....
Quiucy .Mining
"
1003, JAJI 1J5%
Gen. M. 78
25 105 110
ll>3
«»
Lqnltalde
(.as
'•':
120
Tainaraek .Mining
"
iPennsylvanlBgen.Os,
r,.1910,
Var
185
251
V
\'i'i
1032.
JAJ
64%
Virglnhn81..tf>3s.iie%»
121%
HH>3. Var
Thoms'iii;iec.We!'.l'r»
"
Consol. 0«,c
lOO'
Freiiehin'irsBayL'nd

10-J

.1

1

57%
'

Ut

Baltimore A Ohio 4g., 1<.I35, AAO
Loul3.,Ev.ASt.L.,l8t,6g.l926,.'.A0 5
1036, AAO S
Pitts. A Conn., 5 g...l023, F4A
2m., 2-6 g
1923, AA06
Staten Island. 2d, o g. 1926, J A J
Mar. H. A Out., 68
1923, JAU
BaLAObio S.W,.l8t,4%x.lOOO, JAJ
Exton. 68.....
,CapeF.AYad.,Ber.A.,6g.l0l6, JAU
71
Mexican Central, 4 e... loll, JAJ
1916,JAU
]'
U«rlesB.,6ic
1 St consol incomes, 3 g, nou-cniu.
37
11
1916, JAU,
Series C, eg
2d consol. incomes, 3s, non-cum.,
1930, .MA8'
Cent.Ohlo,4%t
N. Y. A N.Eng., Ist, 78, 1!K)5, JAjl(ll-% 110
Chart. Col.AAug. 1st 78.1393, JAJ.
1905, JAJiJllO ,112
l8tuorl:. 68
1902, FAA {100
Ga.Car. ANor. I8t5g..l929. JAJ
2d mort. 68...
1000. JAJ
North. Cent. 6s
90
2d mort., scaled, 58. . 1902. i'AA
1004,JAJ
Os
Ogdeii. A L. C.,Con.O«.1920,AAOS
19^26,JAJ:
Series A, 58
1920
Inc. 68
1025, AAO,
19i:2, -HAN
4%s
Rutland, l8t, 68
Oxf.ACIarK.JnUgu.,0 g.l037.MAN
lS9s, FAA jioo'
2d, 5s
Pledm.ACum.,l8t. 5g.l911, FAAI
thia.
Sonds.- Pj)il^4«l
Pitts. A Connells. 1st 78 . 1 898, JAJ
eny Val.,7 3 10s. 13it5, JAJ 110%
Atlantic City Ist 5s, g., 191!», M*.V 103% 103% Virginia Mid., Ist Us.. .1906. MAS
1911 MA«
2aSeries.68
Belvidere Uel., l.Ht,ti»..l!MJ2.
J&U 112
lol-"-SdSeries, 6s
lyoo, FA.\ 117
Catawissa, M., 7»
19Series, -3^-5a.....
Char. CIn.A Chic.lst 5g, 1047,
J .... '....^i 4th
lo5th8eriea.8s
120
Clearfield AJeff.,l«t.6«. 1927, JAJ
west Va.
P. 1st, 6 g. lu i ... —.
llHKi 04. MA.x 1116
Connecting. 6«
West'l V.C. OonsoL 6 g.lOl4, JjtJ,
Del. A B'd Br'k, Ist, 7e.l'.i()... FAA t
EastonAAui. lstM.,.5>.l!>'.'(i.
107% 108 WUni. Cul. A Aug.. 6s.. 1910. JAU
,

80
83

113%
104

Bonds.— Bilt'morex

I

3
65

!»7%

I

126

8teuben.AInd.,lstm.,5s.I914,JAJ 103%
1394. AAO 105
UnltedN. J.,6g
Warren A Frank. ,l«t,7«,l396,FAA' 106

I

,

Bay

116

Unstampedlst, 6s....l933,AAO,4

67

66

27

106%

{

lli%
134%
101%
104>*

113
100
106
6a»»

THE CHRONICLE.

928

:NEW YORK STOCK EXCHANftE PRICES
lOlos'ng

,

Bailboad aud Miscel.

Price

-Bourns. Inter" sl\

J & J 791s
At.Top.&8.F.— 100-yr.,4g.l989
-"n«
47 "a
1989 Sept.
100-year income, .5 g
1114b.
Atl. & Pae.— W.D. Inc., 68.1910
1937 J & J 72 b,
Guaranteed, 4 g
IIII2
A
&
O
Brookl'n Elevat'd 1st, 6, g. 1924
Can. South.— Ist guar., 58 1908 J & Jl 105^b
1913 M & Si 96
2d, 5s
Central of N. J.— Cons., 7s. 1899 Q-J 116a.
n!
1902
Consol., 78
General mortgage, 5 g..l987 J & J 10919

M&

leli.&W.B.,con.,78,as'd.l900 Q-M 10938b.
1912 M & N
do. mortgage, 5s

Am. Dock & Imp

,

—

\Penod.
J'ne 19
\'

M

& J
& J
& J
& A
& J
1913 M &N
Debenture, 58
1922 F & A
Denver Division, 4s
Nebraska Extension, 4s. 1927 M &N
Chic. & E. 111.— Ist,s.f.,6s.l907 J <& D
1934 A & O
Consol., 6g
General consol. Ist, 58. .1937 M & N
Chic. Gas L. &C.— Ist,5g.l937 J & J
Chic Mil. & St. P.— Con. 78. 1905 J & J
&
1st, Southwest Dlv., 68.1909
&
Ist, So.Mln. Dlv., 68. ...1910
&
l8t,Ch.&Pac.W.Div., 53.1921
E.&A. Div.,l8tcon..4g.l989|J
do l8teon.,2-4g.l989|J
do 2dcon., 4g...l989 J
1911 F
Ches. O. & So. W.— 6 g
Chic. Burl. & Q.— Con., 78.1903 J

Chic. &Mo.Riv.Div., 5s. 1926
Wis. & Minn. Div., 5 g..l921
Terminal, 5 g
1914
Gen. M., 4g., series A... 1989
MUw.A North.— M.L., 68. 1910 &
&
1st, con., 68
1913
l-F
Chic. &N.W.— Consol., 7s. .1915
Coupon, gold, 7s
1902- &- l929iA & O
Sinking fund, 68
1929IA & O
Sinking fund, os
& N
Sinkiug fund deben., 58.1933
& N
25-year debenture, 5
1909

D
D
D

M
M

67

i

Mar.

38% Mar.

120
107

8OI2 Apr.
53 Jan.
Jan.
Jan.
Jan.
Feb.
Feb.

May

123

Jan.

Ill's

108% June

Railhoad and

Highest.

11 Mar.
14
7012 .May
75
log's Apr. I1214
104 June IO714
95i<3 Jan. 100
115 Jan. 118

US

b.

941s

12312b.

11212b.

106
9712b.

102

b.

101 %b.

85

a.

134
122
113

b.
a.

IO6I4

103

a.

1938 J

&D

May
Jan.

May 100 12 Feb.

71i2Feb.
Jan.
6712 June 73 Feb.
Jan. 114 June
May 123 Jan.
June IO212 Apr.
June 95 Jan.
May 88% Jan.
Jan. liar's Ai)r.
Apr. 121 Jan.
Jan. 100 Apr.
8312 Jan.
92 la Apr.
120 Jan. 12512 B'eb.
110 Jan. 112 14 Apr.
110 Jan. 114 Feb.
104 Jan. 10738 May
9412 Apr.
98 Jau.
101 Jan. 103 Jan.
100 Mar. 1031a AiJr.
83 12 June 87 Feb.
107i«Jan. 112 Feb.
107 Jan. 112 Apr.
134 June 139% Apr.
121 June 127% Feb.
114i2May 115 Feb.
105 Jan. IO8I4 Feb.
103 May 109 Feb.
1041a Jan. 105% Apr.
94 May 100 Jan.
94 June IOOI2 Jan.
122 June I2714 Feb.
95 14 Mar. 9912 Jan.
100 Feb. 103 May
II314 June 119 Jau.
86I2 Apr.
9112 Jl ay
129 Jan. 132 Feb.

Lowest.

& N lOO'sb. 100% May llOSkMar.
& J. 126 b 12512 Juno I2714 Apr.
&

I0412 JuneillO

s;

90

Oi

I

1

|

I

1

126% Jai'.
tr. rcc.1909
Gen'16g.,Tr. rec. ass't'd.l921
54 b. 55 May
IIO6 b. 103
Jan.
So.Car.- 1st, 6 g.,excoup.l920
22 a. 13 Jan.
Income,68
1931
...101%Feb.
80. Pac, Ariz.— 6 g
1909-10|J & Jl
So. Pacitlc, Cal.— 6 g....l905-12iA & O 112%b. 109% Apr.
09 Jan
1st, consol., gold,"5 g
1938 A & O 9914
10214 Jai.
1911 J & J'
80. PacWc, N.M.-6g
86 Jan.
Tenu.C. I.&Ry.— Teu.D.,l8t,6g A & O 88%
Birm.Div.. 6g
1917 J & J' 91 b. 92 May
85% Jan.
Tex. & Pac— 1st, 5 g
2000 J & Dl 87 14
2914 Mar.
2d, income, 5 g
2000 March.! 32%
1924' M «fc N 91 a. 93
Jan.
Tol. A. A. & N. M.— 6 g
Jau.
Tol.A. A. &Gr. Tr.— 6k....1921'J & JIIO6 b. 104
lO'.'Ss
103
Jan
&
J
b.
Tol. & Ohio Ceut.—5 g
J
1935
1917 J & Jl 73 b. 73% May
Tol. Peo. & West.— 4 g
dI
June
L.
&
Kan.
&
83%b,
St.
1916
J
80%
Tol.
6 g..
Union Pacitlc— 6 g
1899 J <& J 113i4b.'lll%May
Mar.
108
b.
107
Slnkinefund. 8s
M
ife
8
1893
Collat.'tni.-5t 4%
1918 M & Ni 60 b.i 69 Feb.
KansasPaciUc- 1st, 6g..l895 F & A 107 b.' 107% May
let,6g
1896J & D'107 b.'l08 Mar.
DenverDlv.- 6 g
1899 M & N 1 10 b.jl09%May
lstcou.sol.,6 g
1919M & N 106% IO6I4 June
Oregon Short Line— 6 g.. 1922 F & AlOl b.|lOO Mar
73 Mar.
Or.S.L.&Ut'hN.- Con.5g.l919 A & 0[ 73
U.P.Den.& Gulf con. 5 g.l939 J & D 71%b. 71% .Tune
1937 M ,fe N'l0758 106 Jan.
Union Elevated— 6 g
80 June
VirginiaMld.- Gen. m.,5s, 1936 M & Nl 82
do
stamped guar. M & N 84%b. 83 Jan.
Ni
96% May
97%
1939 M &
iWabash— 1st, 5 g
70 Feb.
75
1939. F
2d mortgage, 5 g
35 b. 27 Miiy
1 939 J
Debent. M. series B
J 10214b. 100 Jan.
2361 J
West Shore— Guar.. 4a
99 b. 96 Jan.
West. N. Y. & Pa.— 1st, 5 g. 1937 J
27% June
1927 A
27%
2d mort., 3g., 5sc
98 Jan.
99
iWest. Un. Tel.—Col. tr., 53.1938 J
91 May
1937 J
Wis. Cent. Co.— l8t, 5g
42 a. 34% Jan.
1937..
Income, 5 c
8hen. Val.-lst,7g.,

1

1

b.

J&

M&
M&
M
M

M&

!

M

H&

C—

'

,

:

I

.sales only.

*

Bid.

1906
Class B, 5s
1906
Class C, 4s
1906
Currency funding 4s
1920
Arkansas— 6s,fund.Hol. 1 899-1900
do. Non-Holford
78, Arkansas Central KR ...
Louisiana— 7s, cons
1914

Stamped 48
MlBSOurl- Fund

to

5

86
1894-1 895 104

SECURITIES.

Ask.

103

New York— 6s, loan
North Carolina
Funding act

New

bonds,

6**

Bid.

old

103% May
114

Mar.

101% Mar.
104
94

Apr.
Jan.
96% Jan.
90% Apr.
33 14 Jan.
99% Feb.
108 Apr.
107% Jan.
77 Jan.
91 Jan.
114% Mar.

111%

Feb.

74

Apr.
Jan.

HI

109»6

May

llli4Mar.

111% Apr
106% Jan.

80%
82
Ill

89%
90
102

Feb.
Jan.
Apr.
Feb.
Feb.
Feb.
Jan.

77%
35% Apr

103 Jan.
101 Feb.
35 '8 Feb.

100% Apr.
97
45

Jan.
Jan.

Bid.

Tennes9ee-63, old

.T&J

1892-1898
1812
1913
1913
1913

Comi romise, 3 4-5 69

1900

New
5s
3s

settlement, 68

"69%

Consolidated 4s

90

Ask.

8.C. (cent.)- Brown consol.Os. 1893

...1892-1898

1910
6s
1919
Rhode Island—68, cou.. 1893-1894
.South Carolina— 69, non-fund.1888

61 14 Jan.
Feb.
Apr.

19.

SECURITIES.

Ask.

1893

J. <t J.

133% Apr.

107
27

Latest price this week.

NEW YORK STOCK EXCHANGE PRICES.—-SIUr£ BONDS JUNE
SECURITIES.

Jan.

May 123 Mar,
89% June 95% Jan.

118 19

n'

.

1

Alabama— Class A, 4

1891

Bighest.
|

& J, 113% 111 Jan. 115 Apr.
& j;125 b. 127% Jan. 133 Jan.
& A 108 b. 108 Feb. 109% June
M & 8 134 b. 133 Jan 137% Feb.
J & D, 103 14b. 103 June 10712 Apr.
A & O 118 b. 115 Jan. 118i4May
J & d! 97
96 June 10278 Apr.
M & 8 llliflb. 110 Mar. 115 Feb.
J & Di 91 b. 90 June 97 12 Aim
J 98 b. 94 Jiir '100i4Feb.
& O
lllisMav ill5i2l<'eb.
& J: 93
88 June IOOI2 Feb.
& JillOia 113 JiU. 117% Apr.
IIII4
109 May 114i4Mar.
& O
& Dll07T8b. 106'8June 113i4Feb.
78 June
Jan.
& D 79%
il09
M & 8 IO3I2 103 Apr. 1.857e
Feb.
J & J;
105 Jan. |110 Mar.
J & J llOia 110 May 112 Feb.
J & Jjlll a. 111
Mr. !H2 May
J & D'l03 a. 10212 June HO Mar.
63 Feb.
M &N|
55 J
J & J
53 Jan.
58% Jan.
J & D 981-,
90 Jau. 103% Feb.
74 Feb.
A & O 6616
651s May
J & J 110 a. 107% Jau. 110 May
J ADl
92 Jan. 100% Mar.
J & J, 104 a. 104 May 106 Jan.
J & J
100 .Tan. 109% May
M & S 101 b. 93 J in. 103 Feb.
74'8 Apr.
1926 M & N 68 b. 66 Jan.
2d mort.,5g
Peoria & East.— Cons., 4s. 1940 A & O
4
74 June 80 Feb.
Income, 4s
16 June 22 Jan.
1990 April. 22
7' laMay
82 Feb.
Phila. & Read.- Gen., 4 g.l958 J & J 78%
5238
1st pref Income, 5 g
1958 Feb.
47% Mar. 58 Jan.
2d pref. income, 5 g
37%
32 Mar. 38''8 May
1958 Feb.
30 Jan.
29 b. 2514 Mar.
3d pref. iuconie, 5 g
1958 Feb.
Pittsburg & Western— 4 g.l917 J & J 7914
75% Jan. 81 Feb.
Klch &Danv.— Con., 6g..l915 J & J,112l2 112% June 118 Jan.
91% Jan.
Consol. ,5 g
1936: A & O 8312a. 80 June
Klch.&W.P.Ter.-Trust,6g.l897!F & a! 94i4b.l 93 May 100% Jan.
Con. l8t&col.trust,5g.l914|M & 8 65
63% June 73 Feb.
77% Feb.
74 Jan.
Rio G. Western— 1st, 4 g..l939lj & J 76%
B. W. &Ogd.— Con., 5S-...1922IA & O 108
105 Jan. 1 4 Mar.
92% Jan.
St. Jo. & Gr. Island— 6 g..l925lM & N' 8414
Mar.
82%
Jan. 11034 Mar.
St. L. Alt. &T. H.— 1st, 78. 1894; J & J1108 b. 110
107
Jan,
pref.,
Ai
May
2d
78
1894 F &
104
Jan.
St. L. &IronMt— l8t7s...l892lF & A 1035sa. 101% Feb. 105
108%
Apr.
N:i03%b.
104% May
2d,7e
1897iM &
CalroArk. &Te.xas, 7g..l897 J & DI
103% Jan. IO714 May
93%
Jan.
Gen. R'y &landgr.,5g..l93llA & 0\ 86%!). 31 May
St.L. &8an Fr.— 6 g.,Cl.A.1906|:.I & NilO'
108 June 112% Apr.
6g.,ClassB
1906 M & N,107 b.i 106% June ,113% Apr.
6 g.. Class C
1906,M&N107 b.'l07 Juno 1 14 Apr.
General mort., 6 g
193l!j & Jil03i4b.il03i4 June !110 Jan.
67 June 67% June
8t. L.So.We8t.— 1st, 49,g..lS)89 M & Nj 67%
28 June
8% June
2d. 48, g., income
1989 J & J; 28%
S.P.M.&M.— Dak. Ex.,6g.l910iM& N 114%a.'ll4 May lis Jan.
1933IJ & Jill5%a.ll4 Mar. 117 Feb.
1st consol., 6 g
do
reduced to4%g...!j & J,
,100 Mar. 102% Feb.
87% May
MontanaExtension, 4g.l937 J & DL
Jap.
74 Feb.
SanA.& Aran.P.— lst,6g.l916:J & Jl.
Jfti'.
73% Feb.
1926IJ & Jl 65 n.
Jan.
1st, 6 g

8212 Jan.
781s Jan.
Kings Co. El.— l8t, 5 g....l925
& J 100 b, 97 1« Apr. lOOiaMay
71I2 June 8212 Jan.
Laclede Gas— 1st, 5 g
1919 Q-F
74
Lake Erie & West.— 5 g
] 937'J
& J 108
1051a Jan. 109T8 Jan.
L. Shore— Con. cp., 1st, 78.1900)J & J 122 b. 12012 Jan. 122% Jan.
Consol. coup., 2d, 78
1903 J & d; 118 b. 121% June 124 Jan.
Ix)ng Isl'd- 1 St, con., 5 g..l931 Q-J
110%Jan. II5I2 Mar.
General mortgage, 4 p. .1938!J & D| 90 a. 88 June 92I2 Jan.
Louis. & Nash.— Cons., 78.1898 A Sl
11114a. 111
June 11558 Mar.
N.O. &Mob. 1st, 6g
116i2b 114 Jau. 118 Feb.
1930 3 &
do.
2d, 6g
1930 J &
lOS b '1O6 Mar. 112 June
E. H. &N. Ist, 6g
1919 J &
llll
June 113i4Apr.
General, 6 .,
1930
II213
May
g
1121s Juno 117
Collateral trust, 5 g
I931iM &
99 b. 98 June 1031a Feb.
Louis. N.A. & Cb.— 1st, 68.1910 J
108 b. 101 Mar. Ill Jan.
Consol., 6 g
1918 A &
84 Mar. 98 Apr.
Louis. St. L. & Texas— 6 g.l917 F &
80 a. 78 Jan.
88 Jan.
Metro. Elevated— 1st, 6 g. 1908 J &
I1412 lllSs Jan. 115 Feb.
2d,68
1899
10314b. 103 June 108
Apr.
Mich. Cent.— lst,con., 78. .1902
118iab. 118
June I24I2 Apr.
Conao!., 5s
1902
& N 107 b, 107 Mar. 108 Feb.
Mil. Lake 8h. &W.— lst,6g. 1921
&N
118 June 127 Apr.
Exten. & Imp., 5 g
1929 F & A 100 a. 98 Jan. lOl'sJan.
M. K. &T.— 1st 48, g
1990 J & D 76
74% Jan. 79i8Feb.
2d 48,g
1990'F
3612 Jan.
4412 Jan.
391a
Mo. Paciflc— 1st, con., 6 g.1926 M & N lO.'i b. 103 May Ill Mar.
3d,7s
.1906
N 108 b. 112 May 116 Apr.
Pac. of Mo.— 1st, ex., 4 g. 1938 F & A 9312b, 96 Apr. 100 Jan.
2d mort. ,78
1891 J & J 103 Hi
9912 Jan. 103 12 June
Mobile & Ohio— New, 6 g.. 1927 J & D 112 b, 112 Jan. II7I2 Apr.
General mortgage, 48. ..1938
& 8 64%
63 Jan.
70 Feb.
MutHalUnionTel.—6 g
1911
N 100 14b. 100 May 105 18 Feb.
Kash. Ch. & St.L.— 1st, 7s. 1913 J & J 126
125 Jan. 127 May
Con., 5 g
1928 A & O IO4I2 103 June 107iflMay
HOTB—"b" Indicates price bid; " a" price asked ; the Range is made up from actua
.

1891.

I,

(sales) in

,

May

87

. .

JAN.

Range

Construction. 5s
N.Y.L.E.&W.— Ist,con.,7g.l920
1893
Long Dock, 7s
1935
Consol., 6 g
1969
2d consol., 6 g
N. Y. Ont. & W.— 1st, 6 g..l914
Consol. 1st, 5g
1939
N.Y.Sus.&W.— Istref., 5 g.l937
Midland of N. J., 6 g.... 1910
Norf. & W.— 100-year, 5 g.l990
North.Pac— 1st, coup. 6 g. 1 92
General, 2d, couj)., 6 g..l933
General, 3d, coup., 6 g..l937
Consol. mort., 5 g
1989
North. Pac. &Mon.— 6K...1938
North. Pac. Ter. Co.— 6 g..l933
Ohlo&Miss.— Cons. 8.f.,78. 1898
Consol., 7s
1898
Ohio Southern— l8t, 6 g...l921
1921
General mort., 4g
Omaha & St. Louis—1 g ..1937
Oregon Imp. Co.— 1st, 6 g.l910
Consol., 5 g
1939
Ore. R. & Nav. Co.— Ist, 6 g. 1 909
Consol.. 5 g
1925
1921
Pa. Co.— 412 g., coupon
Peo. Dec.&Evansv.- 6g..l920
Evansville Dlv, 6 g.... 1920

67

80%1'eu.

.& J 80

198'

1937 A
1906 J
.1921
J
6s.
1923 F

N.Y.Lack. .?W.— 1st,

Mar.
Mar.

1

lowaCentral— Ist, 5g
Kentucky Central—4 g

Cioa'ng
Miscel. Bonds. luter'st Price
Period. Pne 19

N. Y. Chic. & St. L.— 4 g.
N. Y. Elevated— Ts

& A 94 b.
& S 94 a.
A J 122
& J 98%
Chic.8t.L.&Pitt.-Con.,5g.l932 A & O 98 b,
Chic. St. P. M. &0.— 68....1930|J & D 113isb,
Cleveland & Canton— 5 g..l917iJ & 3
C. C. C. & I.-Consol., 7 g.l914 J & D; 128 a.
114 June 121 Mar.
General consol., 6 «
1934 J & J
Col. Coal &Iron— 6g
1900 F & A| 10412a. 102 Jan. 106 Jau.
Col. Midland— Con., 4 g...l940 F & A
62 Apr.
71 Jan.
Col.H.Val.ctTol.— Con.,5g.l931 M & 8 80 b, 79 June 86 Jan.
General, 6 g
1904 J & D 82iab 83 June 88 May
Denver & Eio G.— 1st, 7 g.l900 M & N |114i2b 115 June II9I2 Feb.
1st consol., 4 e
1936 J & J 82
79 Jan.
83 Feb.
Det B.City&Alpena^eg.lOlS J & Ji
91 Jan.
9612 Feb.
Det.Mac.&M.— L'dgrants.1911 A & 01 SO'ea 291s Jan. 32i4Feb.
Dul. & Iron Range— 5s.... 1937 A & O'
95 Jan. 100 ig May
Dul. So. 8h. & Atl.— 5g....l937 J & J' 100 a. 95 Jan.
99 Feb.
E.Tenn.V &G.— Con., 5g.l956 M & Ni 9914
96 May 104 Jan.
KnoxvUle&Ohio, 6 g...l925 J <S J 106 b. 103 14 Jan. 109% Apr.
EUz. Lex. ABlgSan.- 6g.l902jM & 81 85 b. 88 Apr.
95 Jan.
Ft. W. & Denv. City— 6g..l92lij & d! 99 "sb, 997e Jan
105 Jan.
Gal.H.&SanAn.-W.Dlv.lst,5g.|M & N 9214
92 May 95 Apr.
Han. & St. Jos.— Cons., 6s. 1911 M & 8 II212
10 Mar. 117 Jan.
Illinois Central—4 g
1952lA & O 94 b. 93% May
97 Mar.
Int. &Gt. No.— 1st, 6g....l919M &N 110 b llOig June 115
Jan.
Coupon, 6 g., trust rec..l909iM & S 68 b, 68 Mar. 76 Jan.
1926 F
Louis— 5g.l928JM
Chie.E.I.&Pac— 6s,coup.l917|J
Extension and col., 5s. ..1934 J
Extension, 48

Chic. Peo. &St.

AND SINCE

M&
N.Y. & Harlem— 78, reg... 1900 M &

106 isa, 104
121 b. 120%
99 a. 9712
87 b. 87
8414b. 84
110 b. 113
120 b. II912
9512b. 95

124

19,

N.Y. Central— Extend., 5s. 1893|M
lst,coupon,7s
1903 J
Deben., 5s, coup., 1881.. 1904

95 12 Mar. 99 May
105% Mar. IO8I2 Jan.
11 Ola May 112% Mar.
114 Apr. 117% Mar.

& J lOgifib.
& J 112 b.
& O 114
& N 9514

J

58.... 1921

Central Paciflc— Gold, 6s. .1898 J
Clies. & Ohio-Mort., 6 g..ian A
1939,
1st consol., 5 g

--—

_

Lowest,

75

BONDS JUNE

(ContlnneA).— ACTIVE

Range (sales) in 1891.

[Vol. LII.

102 14

70
•

2%

4

6s, consolidated, 2d series, rects.
6s, deferred, t'st rec'ta, stamped

;:;:_

>•

"V

Jxysn 80.

lUK CHRONICLE

ISttl.j

929

GENERAL QUOTATIONS OF
QuotatlODB In Mow York represent tlir i>er cent valiu', wliikt«vi<r tint p tr m
The toUowInK nbbrovlntlonii are nlU'n lintel, vir..: " M " fir iiiiirUiit.^. " *. iir n-nii
no,
or oonKollilut<>il " oonv." for oonvnrtlblo " s. f.," for HlnklnK xuml " I, k./' tar litnit <nuit.
QuutatluDH In New York uie tu Tliumday from other citleo, to liti<- mall dslM.
"

.

;

:

itlr nuwlii pi
'•ea I ,' Tir

iir Kiir.iii

•ad on*

;

;

Subaerlbera will conKBr
UHITKP 8TATB« BUNDK.

CNITED MTATBIS
4^^, 1891

AH^ 1891

coup..

4s, 1907
4a, 1»07
6t, Qirrency,
6a, Cirrenoy,
6a, Ciirrenry.

B16.

n«»NDa.
r««..Q-M 100

Q—

re({...Ci-J

189&
1896
1897
Cnrrrnoy, IHOS

68,
6a, rurrt-ncj-, 1H!I9

OlTT BaOVKITIK*.

Aak.
Bath,

STATU MKCIJRlTIKh.

to S, 1906..

Caa88"B,"5», 1006
CJaas " O," 48, 1906
Currency fiiiKlluK 49, 1920

7»,

I

Aak.

(Tirr aaoinuTica.

lOA

N.R*<irnnt-(rai>'i1>-S>«>.IPI0 .«AOl4
"^
•- v-'i
•.wlok,M.J.- r

T

•

Water 6b, 1898-9
Water 4b, 1904
Water Sias, 1906
Water Sa, 1916

Ark. OentralKH.,1900.A&Oi

Oonnectlc't-New,rg.,3 148,1903. J*J {102
Sew, reg. or oouji., Ss, 1910
JIOO
Dlat.Col.— Coni.3-«58,1924,cii.FAA
15
Fnii<UnK58, 1899
JAJ 108
Perm. Imp. 68, Kuar., 1891 ..J&J IO2I4
Perm. Imp. 78, 1891
J&J !03

103

M

•T

v~

'(I.

>

.

nr

I

'D-Park,3>«.
i£n,w \^rleana, Im. l-rfiiinuu -T* ...
Oraa. Sa, 1033,axt. Cf»aaiiia».JAJ

—

i.i •»

Var{< iia<«
Varll 100>«

8a,

Water3>«a. 1917
AAO!l 92%
38
AAOI 85
Br'klyn.N.Y.— Brldge7a,19a4.J&j:U5a
Park «s, 1024
J&JliKS
101>< 103
Bridge Sa, 1919
JAJ
108i«
Bridge 4b, 1926
lis
JAJ
100
Water 3a, 1905
JAJ
104 108 >t Buffalo, N.Y.— 7a, 1924-5
JAJ

40
AOl
&0

Wa8h.-F\iii(l.loan(Cons:.)68,K.,'92
Fnnd. loan(L«K.;68,(5.. 1902V8r
Market stock. 78, 1892
Water stock, 78, 1901

Bid.

.VsrM
'

Water Sa, gold, 1900
Water 4a. 1917

JAJ ISO
A&O

MeuiphlsA L.K., 1899. A
7«,L. K.P.B.AN.O.,1900.A
fa,Hls8.0. & K.KIv.,1900.A
7e,

1002....

119>* Boaton, Maaii.— WatrrUn, lUUU

Arkan.— 68.run(l.,'99.fIoltoril.JAJ
68, funil., Hoii-IIolforrt
7a, L. K. ,te Ft. 8.188110,1900.

Me.—ea,

4>«a. 1907
Belfast, Me.— 6b, rnllr,

JAJ HI
J&J IK
J&J 1IG1«
J&J 119

reit

br KlvloK notlee ofattrarror «la««v«r*« l« tkaaa l|««Mtl*«««

117\ 118^ Birmingham, AIn.— .%

.q— 118\
J&J 1)9

coup.,
reg
reg
reg
reg

Alabama— Class "A," 4

100

aMvor

MAH
MAK
MAII
MAN
IM
AAO
MAN { ••» iSo"
Var
119
MAN
AAO
AAO 4113 114

19M

Sa,
B«, KoM. I89«
4a, 1906
3ISS. 1904
aa, 1907
Park, 8>aa, 2<Ma

_

Norfolk, Va.-ea. 1914
8s, Water,
8a, 1916

1901

lioia Norwich, Ot.-Ba. 1907

Carabrldgc,Ma8s.-Water6«,'06.JAJ
aty tls, 1904
JAJ
Water Siss, 1911
Var
Cam<!en,N. J.— 7B.1U03
JAJ

Omaha, Neb. -Paving Sa, 1906
Orange. N. J.— 7b, long
~

124
08

.

ill4
Ills

Patenon.N. J.—7a, 1900

CharleBton.e.C— Conv.7a,'97.AAO
Oonv. 4s, 1909
116^
JAJ
Chicago, ni.— 78, 1899. ..
78,1895
4i*», 1900
8-65B, 1902

ir>«i^

z»fl<«!lOO
MAK »12e 1137
MAII ill9 131
JAJ 121

!f.Y.atr-7a, 1900
ea. 1900
ea, gold. 1801

AAO
MAS
JAJ
PAA

10*1

107 1107^

JAU

1M4

1001
4a 1908

tie
lis
100

6a,

ibft

.,.......,..-.
Peteraburii Val^^V ionif .".'.. . .JAJ

Philadelphia, Pa.-6a,18wS....
6a, 1904-5-6

no
,

JAJ 107 107«9
JAJ 132>t
JAJ 188
,

PIttaburg, Pa.-5B, 1913

Var 140
JAD 106
104
JAJ 118
1904 reg
127
128
PortUndJtfe.—6a,RR.Ald,1907MAa M33 13S
do
78,1903
JAJ {100 101
4b, funded, 1912
Florida— Coneol. KOld 68
J & J }1C9
Portland. Ore— Oold 5a.l930.MAN
113
116
Seorgia-4'«B, 1915
J&J
108
Portsmouth, N.H.—68,'93,RR. JAJ 104
3»48, 1917 to 1936
J&J 101 102
Poughkeei>8le. N. Y.—7a,waterloii|i 130
Indiana— Tem'y loan. "48, 1895... 100
Providence. B.I.— SB,g.,1900.. J.kJ 110>t in"
100
Kefundlnp, 3'^s, 1896
48, 30-50B, sink, fund, 1931. J&.),i
119
100
5s, 30-50B, sink. rund,1930.M&N|(llO
6b, gold, 1900, water loan. .J A J 118
State House, 3i«s, 1895
JAD 106 loei*
Jl04
98
Hamilton County 4b...
41SB, 1899
Temporary loan, 38, 1899
MAS
97
99
gold,
1916
97
§107>«
CleTeland, 0.-78, 1894
Temporary Int. loan, 38. 1804
AAO
3>s8,
JAJ
97>«
Quincy 111. -68, 1808
68, 1900
Temi>orary int. loan, 38, 1892..
M*8i5112'« 113
44
N.
-Old
7B...
97 14
5109'«
J.
Hahway,
Temporary Int. loan, 3r, 1893.
5», 1907
J&D
110>s
71
78
New s^ustment, 4b..
97
School fund retunding. 38, 1?09.
Funded debt 4s, April, 1902. JAJ 4 99 1(0
AAO
Readlnp. P8.-4B. 1920
98
Columbus, Qa.— 7s
Temporary loan, 38. 1899
Var
JAJ ii4>i I'le"
5b
104's 106 >« Kiobmood, Va.—ea, 1914
Lonlslana— Consol. 78, 1914. ..JAJ 105
JAJ 134 136
^olunibus, O., 48, 1910
8a, 1909
Stamped 4 percent. 1914
AAO
J&J
JAJ 108
102
Covington. Ky.— 4s,1927,new.JAJ 101
Sa, 1921 A 1922
Halne— New 38. 1899 1929. ...J&D ^ 90's
96 irii"
1920
.,;....
I10>a
4a,
5b. 1920
FAA
Iaryland-38, gold, 1900
J&J
98 101>s Rooheater, N. r.—7a, Water,1003 .. 180
Dallas. Tex.— 58, St. Imp'm't, 1928
8^58, 1899
J&J
100
FAA
1912
18P5—
4a.
D->yton, O.— 58.
1906
I(a88aohusett8-S8,gold, 1891. ..J&J
FAA 100
Denvor.Col.— E^ib. liu.4s.l904.MA8
8t. Joseph, Ho.—6a, 1903
5s, gold, 1894....
J&J
FAA 93
Comp'mlse 4B, 1901
Dulutb, Minn.—48, 1920
JAJ
6s,K0ld, 1897
M&8
Var no 112
Detroit. Mich. —78, 1894
FAA 6108 109 St. Louis, Mo.—68, 1899
Bnnnesota— Adj. 4is8, 1912. 10-30.
104 104 H
gold,
1894
&l!22>t
124
68,
JAD
68, W. L., 1906
Ulasonri- V8yl'morUnlT'ty,'92.J&J
104 >s 106
58, 1900
JAD too
Fond. 68, 1894-95
S'as, 1911
..J&J
100
101
1905
4s,
Erie, Pa.— GoDBol. 78, 1894 ... JAJ
Funding 3>4, 5-2C8, 1906-8 ..J&J
79'
95
97
3-658, 1907
84
J.— New la,1922.J&J
Hew Hampshire— 58,1892
. ^^
J&J 101 ,02 Elizabeth, N.lnd.,comproin.
121
AAO
41171s
6b,1008
Co.—
L.
St.
48,1912
War loan, 68, 1894
J&J 106 107 Evansvllle,
98 too
at. Paul, .Minn.—4b, 1913
Fltchbure,Ma8».— 68.'91,W.L..J,fe.I si 06'
War loan, 6b, 1905
J&J 1^5 127 Galveston.
100 104
Tex.-88,1893-1909.M&8 100 102
4's8. 1916
Haw York— ds. gold, 1893.... A&O
104 107
5s. 1915
J&D 96 98
35
5s, 1920
No.Carollna— 68,old, 1886-'98.J&J
110
1904.
6s,
Gr'nd Rapids, Mlob.-Sa, 1904.JAJ
6e N. C. KR., 1883-5
J&J
115>s 117>i
J&D
Water, 88. 1895
68
do
7 coupons off ...A&O
118
San Antonio, Tex.'-^.' 1909-19JAJ
Harrl-burg. Pa.-68, 1895
JAJ
10
68,fnndlngaotof 1866 1900.J&J
103 106
Fd
Sa, oon8.1909 .0-l
Savannah—
1H03
JAJ
Water
6s.
2U
new
bonds,
68,
1892-8
J&J
1910.FAA
1893
Pa.-4a,
Sirauton,
113
Hartford, f^onn.—6s. 1897
J&J
6e, Chatham RR
A&O
.Sliux City. Iowa-4'ss, 1899.
i
95
Towns, 3s, 1909
6b, si>eclal tax.class 1,1898-9A&(J
Spokane FaUa, Wash.—t a.....
A&O i'ldo
Hobokcn, N J.-7S, 1802
Trust certificates
185
6a, 1905.. AAO
Maaa.—
SpringUeld,
S105'*
6s,
1898
J&D
>«
Improvement
99
loo's
4a, new, cons 1909
J 4 J
AAO 128 ISO
78,1903, water loan
MAN UCO
58.1901
do
126
68,1919
MAN
1907
Sprlugtli-ld,0.-,S«.
98
100
.—6s
Tex
Houston,
North Dakota b< nds.
90
92 >• Toledo, O.-7-308, BR.,1900.M A N 114 116
Compromise 58, 1918
Penna.— 5s, new,reg.,'92-1902.F&A 102'«
Var 106 107
8s, 1893-94
IniU8napolla,Iiid.-"D" 7-3,'99 J AJ
4B,reg., 1912
F& A 118>«'118^
-Var I07>s 109
""
6b, 1899
JAJ
105
68.1897
Rhode
le Isi'd—
Isl'd 6s, 1893-4, coup. J &J 103
100 101
4*0
1893-1913
Ss,
>116
119
'^^
1905
Var
City—
78,
Jersey
Booth Carolina— 0.'),Non-fun(L, 1888
3't
........Var.
95
97
48. 1913
110
J*J
Water 68. 1904
Brown couboIs, 6», 1893 ... J*J 9(1
lOSVt Topeka, Kan. -Refunding 5a.......
AAO
Water 5a, 1916
Blue consols. 4i?8, 1928
J&J
ioo"
JAj
1911
J.-4».
N.
Trrnton
106 1*
AAO
Water aSsesF., 3s, 1916
Tennessee— 6b, uuiuuded
J&J
101 >4
iVoroeater.Maea.-6a. 1893.. .AAO 101
V.J
M&S cU05
Hudson County bs, 1905
Comprouiiae, 3-4-5-68 1912. .J*J
AAO IIIH 118
8a.l908
Hudson Couuty 78. l89t....JdiD!5l05
Settlement, 68, 1913
JiJ IQO
AAO 103 104
4a, 1908
JAJI 110
Bayonne City, 78. lone
1U2'4
Settleuieni, He, 1913
J&J
^..JAD 96
98
Z'tt, 1908
70'« Kansas City, .Mo.-7e. 1898.. MAN
Settlement, 3b, 1913
J&J
BONOS.
.BAILKOAD
...
AA06
lalO
137
48,
Texas— ,'s, gold. 1904
J&J! 13)
«r«
eenaot'tarf
tompanUt
(Bond* of
I^wrence, Mass.- 68, 1900 ...A*0 5117 118
Virginia— 6b, old, 1886-'95...J & J|
gtnerailn under the eontol'ii name.)
Leavenworth, Kan.— 4a, 1914 JAJ
6s, new bonds, 1866
J & Jj
119
Ala.Ot. Southern- Ut.6«.190fJ.*J ellO
Long Island City, N.Y— W»ter,7B...
43
68, consols, 1905. ex-ooup
J&J
Debenture 68. gold. 1906.. .FAA alOS 108
Los Angeles, Cal.— 5s, gold
,
68, consol., 2d series
J&J
97
J&D*
96
1927
mort.
8a.
Gen'l
Var JII6
LoulBVlUe, Ky.-78, 1903
68, deferred bonas
87
VarSlOS's 106H Alabaua >0«"»n«!-l;»'«^'»28.
6s, 1897
Vo trust receipts
-.
1907.
75
(fa,
78
deb.
a
let
Ao.
T.
O.
N.
MAN §101 102 >« Ala.
20-408, »s, 1920
64
Tax-ree'vable coups., from consMs
'iddebent. 6a. 1907......... JAD a 68
JAJi{ll2
48, 1923
64
Do
from 10-408.
96
90
Ala. A Viokab.-C na. 6a,102l.AAO
64 >I 65 >« Lynchburg, Va.—68, 1901-4... JAJ 108 110
lIew3s(Riddleberger), 1932.J& J
9« 100
Vicksb.AHer. -lat.ea. 1921.AAO
Lynn, Ma8a.-Waterloan,6a,'94.JAJ SlOSis 106
34
40
10-tOe,cp.& reg.,3to5,1919.J&J
70
80
5a
2d,eoi)aol.
••••.-vvri
MAN 5ll0>t 112
SB, 1905
32
Oonsol. coupon, new
188
190«. giiar. 1V7
HO 113 Alb'y ASoaq.-Oona^
Macon, 08.—«r, 1909
20
do
i,on-fundable
191
iieif
nar.AAO
mort.,ea.l906,
O(maol.
Manoheater, N. H.--6s, 1902. JAJ 5 1 17 118
CITV SKOCKITIES.
Q«n. ll.,73-10a. JAJ no 111
UOOH :02 »lle«h. Val.—7b,
4a, 191J
Albany, N.Y.— 68. 1915-1919.M&N SI 35
AAO 117
1910
iBt mort.,
Mempbie. Tenn.— Comp. 0a, 1907.. 101
M&S U02
,1920tol930
30
end.. 1894. -..A«o
7b.
laeoiue.
101
JAJ
'100
1913
Tax Dl8t., 68,
Allegheny, Pa. —6a,ep., 'B7-97.V
T»'«n--l»«***'9'^-J*J
Allentown
JAJ 101
Tax Dlst.es, 1915
41118, coup., 1900
Var.l It 4
1989, JAJ 79«« 79 >•
Fe-Bew4a,
AS.
Ateh.r.
-3-65,
19t0
Conn.
Middletown,
Ulegheny Co.,5s, cp., 1U13.J&J 1(3
47H
New IncomrB, 1989..... ......... 47>a 138
Minneapolis, Minn. -8s, 1893. JAD &102
100
4b. Court House, 190!<, reg.. J&J
AU. A OharL-lat pf. 7a. 1897.AAO ISO
JAJiSllS't
78. 1901
8-88, leiuuded. 1895, reg
..J&J 100
131
119
UV 7a, 1907..^^
{101
4>«l, 1H1215
Atlanta, Qa.— Water 78, 1904.. J&J 114
101
luoouie.e*. 1900 .-..••.• **2 !»l
98
4b, 191.V17
6s, 18»5-b
J&J 104 108%
too
All A Florida- Isf, 6a, 1M». MAN i 98
110
OS's Milwaukee, Wl8.-WBter7B,'02.JAJ
6s, 1914-15
J&J 102
MAN
108 10»l9
Atlantic aty — lat. 5a,«.. 1919.
JAJ ioo'
Water 4b, 1906-7
70
A^ss, 1916
J4J }...'.". 104 >9
t 60
88
90
Mobile, Ala.—4-5e, I'ded, 1906. JAJ
Angusta, Me.— bs, 1905, Fund .J&J
71«i
lt>8
Montgomery, Ala. 6b
Augusta, Ga.— 68, 1905
JAJ lOi iV2
W.I)..
2d
»C'»»»•*.••';•^^•*^•*'**
100 104
68, new
Baltimore— OS, bounty, 1893. M & ft iOJ»« 107 '1
la
11
J,kJ
Nashville, Tenn.—6s, 1900
104
5e, water, 1894
M&N
•6
97'
Omtral Dit.. lat. Ha. 1991.. MAN
4f. 1910
._
117
68,1900
Q—
10
19113.
Ineomea. 6a, avB-cunal.,
AAO 97
Newark— 4B, 1908
121
6a, West. Md. RK., 1902.... J&J
10
Land gr. Inoom«-*, cam., 1901^
124 'si
4>«B, 1918
58,1916
.McfeN
98
ialtuuure A Ohio -U. 1936. AAO
Ss. 1909
108
4B, 1920
faraersboix Mr., 6a, 1919.. .AAO 114<a n7«»
138
Var
ea, 1910
loo's lOl"*
.'.'.JAJ
1104
3H», 1928
.FAa: .
1938.
gold.
6*
|....
Var
var
^133
}»»»
l»«o
Aqueduct, 1908
llSl
7b. Aqueduct.
>119 1151
Bangor, Me.— Water,ea, 1905. J&J ill9
.FAA
OoMoL gold 88,1988.
B. & N. A. RR. 68, 1894
J&J {1(^4 .lOft kew Bedford. Maaa.—ea,1909.AAOiil36 127
i 8ub|eo» to MIL
« Coupona on ainee 1869
a Id LODdOD.
Prtoe
icsl.
} Furcbaeer alFO pays accrued interest.
llGif

."J

7a, 1912
4b, 1915
6a, Consol.,

Cook Co. 4>«s, 1900....
West Chicago 5b. 1S99
|I00
Lincoln Park 7s, 1895.
South Park 6b, 1899
Cinoinnatl, O.-7'308, 1902 ...JAJ Sl25>«
78,1908
Var $128
68, gold, 1906
M&N Jus's
4b, 1905
Var JlOl

I

,

.

A&O

.

1

I

•

—

-

M

1

.

.

II

riT

I

. .

I

'

THE CHRONICLK

930

LVol. Lll.

GENERAL QUOTATIONS OF STOCKS AND BONDS— Co-vtinued.
For Explanations See Notes at Head of First Page of Uaotatlons.
RAXLBOAD BONDS.

Bid.

Baltimore & Ohio— ("ontinued>—
BchuylklU Riv. East Side 58, 1935

Bterlmg, 58, 1927

1933

Sterling, 4j^8,

Equ.Tr.eer. B,1S91 to

58. s.f., 1901
5s, debenture,

103ij

MAS 105
MAS ell2
M&N ell6
JAD «xl02
A&O el02

Sterling, 68, 1895
Bterilng. 68, g., 1902
BterUnjr, 68, )?., 1910

4s, plain

,

102
95>j

JAJ

17J«
2d do
do
5
6
Sd do
do
120
ell8
Balt.APot'c— lat, 68,g.,1911AAO
I8t, tunnel, 68. g., g'd.

1911. .lAJ cll9

Beech Creek— l8t,g'ld,48,1936,JAJ
Belvidere Del.— l8t,68,c.,1902.JAI)

lii"

Ck)ns.48, 1927
FAA
Boston A Albany- 7s, 1892. ..FAA
68.1895
JAJ
Boston A Lowell— 78, 1892. ..AAO
JAJ
6b, 1896
fis, 1899
JAJ
48,1903-6-7
Var.
4>«8, 1903
MAN
Boston A Maine— 7s, 1893
JAJ
76, 1S94
JAJ
ImproTement is, 1905
FAA
Do
48,1937
FAA

A

Boat.

104
107

M.ASt.P.lst, 88, P.D.,1898.F&A
P. D., 2d M., 7 3-108, 1898. .FAA
R.D., iBt, $, gold, 7s, 1902 ..JAJ
La. C, 1st M., 78,1893
JAJ

103

I.

105
104
104
106

I'a.

JAJ

Lynn— 68.'97. .JAJ
A K.— Ist, 68, 1932
Bradf.Eld.A Cuba— l8t,68.1932JAJ

Brooklyn Ele.— Ist, 6s, 1924.. A&O
Zdmortg, 58, 1915
JAJ
Union El.— Ist, 6s, 1937. ...MAN 107's
Bnmsw. A W.— l8t,4s,g ,1938.J&J 70
Butt. Brad. A P.- Gen.M.7s,'96. JAJ 103
Bnfl.N.Y.AErle— l8t, 7s, 1916.JAD
S5
Buff.Eoch. A Pittsb.- Gen.5s, 193'
Koch. A P.. Ist, 68, 1921. ...FAA II8I4
CousoL.lst 68, 1922
JAD lllH
Bafl.A Southwest.— 68. 1908. .J.AJ
Bnrl. C. R. A N.— l8t.5s,1906. JAD
Oons.lst Acol. tr., 5s,1934..AA0

"a3h>

112>s

90

Iowa C. A W., Ist, 78, 1909 MAS
0. Kap.LF. A N.,lst,6s,1920.AAO

do
1st, 58, 1921
87
AAO
Oallfor.Pao.— l8tM.,4>s8,1912JAJ 102 105
2dM..68,g., '91,txt.at4i<i%,JAJ
99
8d M. (guar. C. P.), 68, 1905. JAJ 106SI»
do
65
do
38, 1905. JAJ
Oamden A Atl.— 1st, 7s, g., '93. .JAJ 103
CoiiBol. 6s, 1911
JA.! 107

F.

1051s

30-jrs. deb. 58, 1921

JAD
JAD

Central of

1st.

103
92

g., 1937. MA3
guar.,1929 MAS

New Jersey—

5s,

Am. Dk.A Imp.

107
"s'o"
loftij

95
93
83

119
115
109

Co., 5s,1921. JAJ

1(8

1895
JAJ
1896
JAJ
1897
JAJ
1898
JA.)
B.Joa<]uln, l8tM.,68,g.l900.AAO
Cal.AOr.-Serle8A,5g.,1918.JAJ

10719
109>«
llOSi

68, ),old,
68, gold,
68, gold,

Berie8B.,6s, *, '92
Mort., gold, 5s, 1939
8s, g.,

19U0

96

2d

108 >4
115

AAO

mort., 78, 1910
Consol., gold, 68, 1933
JAJ
Cluirtier8-l8t,78, 1901
AAO
Oiie8.A01ilo.— Pur.money f d.,6s '96
Series A, 68, 1908
68,

O.AO. Ry,
do

95 !«
68

A A.2-4.1989.JAJ
48, 1989. ..JAJ
R. A A. 3-4. 1989. JAJ

IstCousol. K.

do

2d Consol.
Ches. O. A 8.W.— M.6s, 1911. .FAA

2d mort.,

1911
Clie8liire—68, 1896-98

FAA

6b,

48,1010
CUc. A Alton.- lBtM.,7s,

IJAD

115

MAS

94

1927.AAU

'

CMcago & Southwestern

.J&J

A col. 58, 1934
JAJ
ChicASi L.— Ist 6s, 1915. ..MAS
Chlo.St. L. AP.— Cou.58,1932.AAO
Chic. A Qt. East., Ist, 7b, 93-'95.
Exten.

9"7ia

112

108

9gis!.

O0I.& Ind. C, 1st M.,78, 1904.J&J
do
2d M.7s,1904.M&N
IO911
TJn.A Logansp..l8t, 78, 1905.AAO
118
Chi.St.P.AK.C— Pr'ty5s,1931.J&J

II6I9

JAJ 104's
JAJ
'93. JAJ 1031*
5-

Bterilng mort., 68, g., 1903. .JAJ «118
Blnklng fund, 6a, g., 1903.. .MAN llQis

Louis'aA Mo.K.,l8t,78,1900FAA 117
do
2d, 7s, 1900 MAN
Bt.L. Jacks' V. AC, l8t,78,'94.AAO
do 1st guar. (564) .7b,'94AAO
do 2dM. (360), 78, '98.. JAJ

lOS"*
1051-2

1936
J&J
Mlnu.A N.W.lat, 5s,1931..jAJ. « 70
Chic.St.P.Miu.AOm.- Con. 68, 1930 113is
Ch.St.P.A Minn. l8t,68,1918MAN 118
113
St. Paul&S.City, lat6a,1919.A&0 118 1«
9514 Chic.& W.Ind.—S.ld. 6s, 1919 M&N
Generalmort., 68, 1932
691s
Q—M
Chi. &W. Mich.— Geu. 5s, 1921.J&D } 93%
68" Cin.
Ueorg. A Ports.— tis, 1901 AAOl
lat, g, 5a,

10578 Cin. Ham. A Day.— Consol. 58AA.O §105is
76
Consol. S. F.,78, 1905
A&ol 122
105
Consol. mort., 68, 1905
A&O 5114
2d mort., gold, 4I28. 1937. J&J
Gin. H. A 1., ist M., 7s, 1903.J&J 5
120
C.I.St. L.&C— Islg. 4s, 1936,(i— F
Con. 68. 1920
§109
Cin.&lndlauap., lat.,7s,'92.J&D 100
2d M.. 7s, 1892
J&,I 100
Indianap. C. AL., 78, 1897. .F&A 5ll4ia
Cln.Lal.AC- l8t,78,K.1901.MAa|^
Cin. Leb. ANor.- lat, o», 1916J&.) §
Cin.Rlch. AClilc.— Ist, 78, '95.J&JUH06
Cin. Rich. A F. W.— l8t,7s,1921JiSulS' 1
971* Clnn.Saud.A Clev.— 6a, 1900..Faa:^10O
100
Conaol. a»ort.,58, 1928
JAJ^104i«
1

.

I

105
99i<

J&D

99%
84^8:

85

Ist, .5a,1937.J&J
Ohio,lst, Ga, 1925. J&J
Kuoxv.
J&J
Ala. Cent., lat, 6a, 1918
W. Ry., Ala. -1st, Gs, 1926
East.

108
116

Eastern,Ma»s.— 68, g.,190G. .MAS 121
Easton & Aiuboy-M.,53,1920.MAN
EUzab.Lex.A Big S.— 6a, 1902.MAS
Elmira& W'mspt— 1st 68,1910.JAJ
A&O
58, 2S62
Erie & Pitts.— Con. M., 78, '98. JAJ §110
AAO
Equipment, 7s, 1900..
Evaus.A Ind.— lat, guar., g. ,68, 1924
J&J
1st, con., 192G
Evans.A T.H.,l8t con.,6s,1921,JAJ
Mt. Vernon— Ist, 6s, g.,1923AAO lOJ
92
Sul. Co. Br. 1st, g. 53, 19J0.AA O
Evans. A Rich.— lat 5 g. 1928. MAS
Evanav.T.H.AChi.— lat, 68, g.IOuO §105
J&J '§102
2d, 68, gold, 1900
Fitohburn- 5s, 1899-1 903 .... Var. § 103
M&N §106
5s, 1908
AAO!§106is
63, 1897
!

A&O
MAS
A&O

7s, 1894....
4'«8, 1897
4s, 1907

Flint

110
110
Mlss.Rlv.Brldge, l»t.,».f., 68,1912 104
CUo. Burl.A Nor.— 5s, 1926. .AAO 97I4
2d, 6a, 1918
JAD 994,
Debent. 6a. 1896
JAD
99
Cln.ASp.— 78,C.C.C.AI.,1901.AAOi 110
Equipment 7a, 19U3.'.'....'.'..'fAA ^103 105
78, guar., L.H.A M.S., 1902. .AAO 110
Chip. B. A (j.— Cona., 7b, 1 903 .JAJ 121
1217e Cleart. A Jett.— 1st, Oa, li):J7 .. .J&J 120
* Price nominal.
§ Porohaaer also pays aoorued interest, e In lioudon,
U Coiapaa oS.

do 2dguar. (18S)78,'98.JAJ

JAJ

M&N
.MAS

Bost.H.T.

1091* 110
112's 116

MAN

1939

& St. L.—

97
114
108

&

S. C.A Pac, 1st, 6a, 1898. .J&J
Frem. Elk.A Mo.V.— Gs,1933AAO
do
do
Unstamped.

68,1917,coup
104ie

107

AAO
AAO

1911

IstSs,

Ext.,lat.7a,191

Divisional, 58, 1930
Consol. 5s, g., 1956
Ist Ext., gold, 58, 1937
Equip. & nun., K-. 5a, 1938.

SOTij

110

&

..MAS

1911. AAO

l8t,7«, 1917. MAS
A Tomah.— lst,6a,'05.M&N
Cedar R. A Mo.— lat, 78, '91.F&A
l8tmort.,78, 1916
M&N
2d mort., 78, 1909, guar... J&D

A
ChicR.LAPac—

1(J0

AAO
AAO

1910..

1st, 78,

I8t 58, 1928.
lAiUisville
St. L., 5s,

1051s

JAJ

West. Paoif., ist, 6a, g., '99.. JAJ
Central of So. Car. 1st 6s,1921.JAJ
Clmrles.Cin.A C.l8tg.58,l947.Q—
Onarl'te Col.AA.— c6ns.,78,'95.JAJ

Mortgage

Ills., Ist, 58.

Madison Ext.,

•

1

30

I03I3 106

— oa., g,1910l''&A

A

North.

5

1106i»

CimiiinatlExt.
Mobile & Birui..

Mil. A Mad., 1st, 68, 1905. ...MAS
Ott. C. F.
St. P., 5s, 1909. .MAS

Chic. Peo.

112

H04

124

Wlnoua&St.Pct.— 2d7s,1907M&S
Ist exteusion, 7 g., 1916
J&D

Chic.

IIOI4

Gr.Rap.L.&D., l8t,5.'i,1927.MA»

Mack.& Jl.— Ld. gr. 314a, S. A.
iDub.&S. City— l8l.2(lUiv..'94. J&J
DuUith& Iron R.— l»t,5a,193?.A&0
Duluth a. 8h. A Atl.— 09, 1937,J A J
Duuk.A.V.AP.— l8t,7s.g..l900J&D
E.Teu.Va. A Ga.— Ist, 78, 1900.J AJ

Mil., 1st M., 7s, '98.. JAJ

Northwest.Uu.,

100

6s, gold,

Land g.

A

114
114

1

,Det.

lat M., 8a, 1900. AAO
Peninsula, 1st, conv.,7s,'98.MAS

121

lOJH 110

MAN

1912

1211s

Iowa Mid.,
Chic.

51
721s

;Det.G.HavenA.Mil.— Eqiup.6s,191^ ell 2
Con. M., guar. 6a, 1918
A&O ell2
iDet.L.&No-th.— l8t,7a.l907.JAJ 6108

134

.A&O
FAA16

1H2U

81

78

1st M., ou EKt.,!;uar. 48,1905JAJ
[Det. B. 0. A Alp..l8t,68.19l3. JAJ

Dea M.AMlun'8,lst.7s,1907.FAA

II6I4

Central Pacificist,
1st,
Ist,
Ist,

brt«. 4s,

J&D

.

Escaii.AL.Sup., Ist, 68, 1901.J&J

Menominee

Ist cons. 78, '99
Q-J
Convert, mort. Ts, 1902. ...MAN
Convert, debcnt. 6s, lfl08..MAN
Qen. mort., 58, 1987
JAJ
VaiLA. Wll.— Con. 7s,g.,1900,a88.Q

Mortgage

>s

£9is

ACol.— 5s,

Bav.A West.,

Exteu.

102
82

113
7S

DeaM. A F.D.— Guar. 4s,1905.JAJ
1st mort., guar., 2is8, iy05 J&J

Sinking fund, 63, 1929

9.4 la

Cape Girard. 8. W.con.6s.l908MA8
Carolina Cent.— Ist.68,g.,l'j20. JAJ 105
Oatawlssa— Mort., 78, 1900.. ..FAA
Cedar F. AMln.— Ist, 7s, 1907. JAJ
Cliat. R.

Consol., gold, 78. cp., 1902. .JAD

95^ 90

Cent, of Ga.— 1st, cons., 78, '93. JAJ
CoUat'l trust 58, 1937
MAN

g. 4a. ser. A.,

134
98

MAN

Ist 7s, gold, 1901'
Impr., g.,5s, 1928

JAJ

1989
("hieag" A Northwest.Con. 78, 1915
Geu.

l(;9

99

Del.L. &W.— Convert. 78, '92.. JAli
Mort. 7a. 1907
MAS
Den. City Cable 1st 6s, 1908. .JAJ
Den. A R. G — 1st con. 48, 1936.JAJ

Wis.AMinn.Div..58. 1921. ..J&J
Terminal .5s, g., 1914
J&J
Dubuque Div., Ist. 6s, 1920.JAJ

q—
AAO
do
58,1929
A&O
debent., 58,1933. M&N
do
25-yrp. deb. 58, 191)9
MAN

AYad.V.,let.6s,Ser.A,l916

Ist Gs, ser. B, 1916
lettis, series O

Del.AHua.— lat.Ex.,78,1891.1vrAN IOII4
Coupon 7s, 1 891
AAO' IOSI4 109
lat, M., Pa.Div.,78. 1917. ...MAS

Wis. Val. Dlv., let, Ga, 1920. JAJ Sl03i<
Fargo & South.- Gs. as8.1924. JAJ
Inc. conv. 8. F. 5a, 1916
JAJ
Dak. A Gt. So. 5s, 1916
JAJ

90

Burl. Co., 68, 1897.FAA
Canada So.- Ist 58, guar.,1908,JAJ
2d mort., 58, 1913
MAS

J&J

& Pac. Div. 68, 1910 ...J&J
West Div., OS, 1921. JAJ
Chic. A Mo. Riv. Sa, 19J6....JAJ
Mineral Pt. Div., 5s, 1910.. .J&J
Cblc. & L. Sup. Div., 5s, 1921JAJ

'94'

AAO

1923

'

112

do

114

6d.

Consol. mort., 6s, 1893
AAO
Impioveiuent 6s, 1911
J&J
Conn. &Paaeump.— M.,7s,'93.A&0
Connecting (Phila.)— 1st, 6s ..MASi 116
Consol.RR.of Vt., 1st, 5s, 1913.J&j|5 87% 88
Cov. A Macou-lst 6g.l915..MASI 70
80
Dayton A Mich.— Con. 5s,li)ll .JAJ
107
Dayton & Union— lat, 7s, 19U9J&D 120
Dayt.& West.- l8tM.,68,1905.J&J 112
Ist mort., 7s, 1905
J&J 122
Delaware— Mort., 6s, guar.,"95. JAJ 118
Del.A Bound B'k- Ist. 7e,1905F& A 127

1141s

Conaol.,78, 1905
J&J
1st M., I. A D. Ext., 7s, 1908J&J
l8t M.,6s, S'thwest Div.l909JAJ
1st M., 58. La C. A Dav.l919JAJ
80. Minn, lat 08,1910
JAJ

1910

8f

1J9
iJO

Con.AMon.— B C.& M.— i)on.7s.'93

111

Chic.

100

Camden A

113
1221$

JAJ
1899. JAJ

58,

91
112

&

2d mort..

118%

AM., l8tM.,78,1897

do

95

Col.&C.Mid.—lBt,4is8, 1939. .JAJ
Colum. Hoek. V. A T .— Con.59,1931
Gen. 68 gold, 1904
J&D
Col.&Hook.V.— lstM.,7s,'97.AAO
do
2dM., 7a, 1892.JA.1
Col. AToledo—lst78, 1905. .F&A
do
2d mort., 1900. M A8j
OWoAW.Va.,lat,8.f.,78,19iOMAN
Col.Shaw. & Hk.-lst 5s.l940.JAJ
Col. & Wesctrn, Ist, Gs. 1911.. .JAJ

Hast. &Dak.Ex.l8t,7s, 1910.JAJ

103
75

Mlun.A8t.L..l8t78,g'd,19i7.JAD

Cape

&

& Dak., 1st M., 78,
Chic. A Mil., 1st M.,78, 1903.JAJ

10

9!"4

4th Mort., 68,1892
JAJ
Colorado Mid.— 1st, Gs, 1936.. JAD
Consol. gold, 48
1940
Columbia A Gr.— lat, 6a, 1916. J&J

A&O U07
108\
A
117
A
9714
Atch'u A Neb.- l8t,78.1908 MAS 122
113
Repub. Val.. Ist, 6s, 1919... J&J 103%
102
Chic. & East 111.— Ist mort. 6B, 1907 109
102
Ist, eon., 68, gold, 1934
AAO 120
95ifl
107
Qen. con., Ist, 5s, 1937
M.feN
101 li Ct. A Coal R'y, Ist 58, 1936.. JAJ
IO5I2 Chic. & Or. Trunk— Ist, 63., 1900..
106 % Chic. Mil. & St. Paul—
1001*
105

1

Ask.

JAJ el25
JAJ

Cons. 8. F., 78. 1914
Gen. con. 6a, 1934

JAJ
48, (Neb.), 1910
Neb. RR, 1st, 7s, 1896
Om.
S. W., Ist, 8s. 1896.JAD
Fox R., 88, 1900. JAJ
Ott. Osw.

122

Bid.

Belief. A Ind. M.. 78, 1899.. .J&.I
Cleve.
Mah.Val.— G. 5a. 1 93SJ&J
Cle.
Pitts.— Con. a.f..78,1900.M AN

r.

Providence—7s, 1893.JAJ

1918

48,

B08t. Keyere A
Bradford Bord.

bonds, 1921

,

53

Ist pref. income 58

1913

Railroad Bonds.
Clev.Akron A Col.—
Gen. M., g., 58, 1927
MAS
Equip ir. & 2d M.. 10-40S...F&A
Cleve. A Canton -lat. 58. 1917.JAJ
C.C.C.ASt.L.— C. Div., 4s, 1939JAJ
Clev.Ool.Cin.AIn.- l8t7a,'99.MAN
Consol. mort., 78, 1914
JAIi

ICl

Neb. Ext., 48, 1927
Plain, 7s, 1896
JAJ
JAD
Bonds, 5a. 1895
Convert, deb. 5s, lfi03
MAS
Bur. A Mo. R., I'd M., 78,'03.AAO
Bar. A Mo. (Neb.) lst,6s. 1918. JAJ
Cons, 6a, non-ex., 1918
JAJ

1900-M&N

New 41^8, guar., 1990

Ask

Bid.

AAO
MAN
AAO
A&O
FAA
MAS
MAN

Iowa Div. S.F. 58. 1919
Iowa Dlv.. 48, 1919
Denver Dlv., 48, 1922

107
114
118
104
104

Mou.Eiv.— l8tgu.K.58,1919.F&A

Cen.O.-Con6.l8t,4i£8. 1930. MAS
Balt.A O. 8.W.— Cin.ABalt.78,1900

Rallboad Bonds.

ABk.

A

M&N

119

106
105
105
108

107
100
96>*

99%
100
98

ibo"
73

ibo"

JAD

90
92
70
Hen.—
lat,58,1913A&0
Gal.Hous.A
J&J 106
Georgia— 6s, 1910
lu6
lat,
68,
1922.
J&J
(ieorgia Pacitlc—
651s
Coa. 2d mort., 5s, g., 1923. ..AAO
17
Cou. lucoiue, 5a, g., 1923 ..-A&O
lat, 5s,

113

107

6a,1920.A&U 1171s

1931. ...MAN

100

"75"
116

106%

66%
19

Ga. Carol. ANo.—l3t,38,g., 1929. JAJ 1021s LC3
76
Ga. So. A Fla.- lat Ga, >,, 1927. JAJ
ulrand Kai.ida A Ind.—
112>«
§110
lat, l.g., g'd, 78, g
Ist M.,78, l.g., gord,uot guar. AAO §108
§105
Ex laud grjint, Ist 78, '99

General

53,

MAS

1924

Muskegon Dlv. £8, 1926. ..J&J..
Bay Wiu. & St.P.— Ist, 6a, 1911
2d, lucomoa, 1911, all sub. pd

«

97

§

98

ir.

^au. & St. Jo.- Con. Ga, 191 1 M&S
Sarnab'g P., Ac, lat., 48,1913. JAJ
U*rt. A OoQu. West.— 58,1903. JAJ
.

—Cons. 53,

.

19i7..MAN

'lo'st.E.&W.Tex.— lst,78,'98.MAN
(

5

99
96
98

A

tlouaatonic

I

§

lat, con., gold, 5s. 1939
Port Huron Div. 5a, 19o9
Fla. C. & Fen.— ist, g.,5.'i,1918.JAJ
Deny. U.— Ist, 68, 1921
Ft. Worth
Ft.W.ARioU.lst 5s. g.,1'928 JAJ
Gal.Uar.&sauAnt.— ial,68,g. 1910.
2d mort., 7s, 1905

Weat. Div.

110
88%,

§1061* 107

West., deb. 58, 1913.

& P. Marq.— M.

121>4

Xn Amsterdam,

i

In Frankfort.

84
an
39
25
113

104>*

103

J0NE

THE CHRONICLE

20, 1S91.]

GKNBKA.L. QUOTATlONd
Vor Bcplanatlons
BAILKOAD BOHDl.

Bid.

Waco A N. W.. 1st, 7s,g.,lB01..TAJ I12>I
1st K'. Sp, 1037
J*J 101 103
2(1 K- Os. 1912
A*0 90 99
IW.cntuio

1897

In,

Itmt.&Br.Top— l«t,

4»,

Corw. 3dM. Sa, 1895
IlUiiol«<en.-l«t,KOld.4»,1951.JAJ
Gold, 3isB, 19.M
JAJ
Col.

tr.. Rol<l. 4(1,

AAO

19A2

BnrliiKHrlit Oit., 6b, 1898. .JAJ
MIdillp 1)1 V. reii. 5», 1921...
A
BteriliiK, 8. P., SB, (?., 1903..

FA

Bterl in*;, Ken. M.,68, g.,
Bterllni?.

.^b.

AAO
JAD

189A.A AO

1905

Chlc.8t.&N.O.-T.l'n,78,'97.MAN
lut con. 7b. 1897
2d. 6b, 1907
JAU
8», 1951, gold
JAD
Mem. Dlv., Ist 4». g., 1951.1
Ind. D. A W.— Gold, 58,1947...

AD
AAO

lod'apoUeAVln.— lBt,78,1908.FAA
2d mort.. 68, g., guar., 1900.MAN
Int. & Gt. North.— l8t.(i8.1919.MAN
2d coup. 68, 1909, Trust reo.MAH

Iowa Ont.— l8t

ra Falls A

8.

g., He.

1938.. JAD

C— l8t.7H,1917.AAO

Jack.T. A Key W.,lst6 e ,1914.J*J
Jefferson— l8t 58, g. Erie, 1909. AAO

Mad.&Ind.— l8t,78,1906.AAO
2d mort., 7b, 1910
JAJ
Kanaw. AMlch.. I8t4 g., 1990.JAJ

Jett.

Kaus.'is C. Belt, iRt, «8,

1H1H..JAJ

C. Bridge A Tenn., Ist M.JAJ
C. Clinton
8pr.
1 8t,58,1925
Pleas. Hill A De Soto, let. 78. 1907

Kau.
Kan.

A

—

K.C.F.8p.&Mem.-l8t.68,1928.MAN
K.C.AM. Rv A Br.l 81.5 g,1929.AAO
Current River, 1st, .'>s, 1927. AAO

Haa« of Vlrvt P««« of QaotatloN*.

(.Oul(.Bt.L.AT.-l Bt 68.K.1917.PAA
LonlBTllls Southern .:
JAJ
Manhat. £1., ronaol. 4b, 1990.AAO
Bond, Borlp, 4b
AAO<i

Bid.

Aak.

7a

FO
79

80
64

114%
108%

70

107 >a

68,
68,

1923 (extension)
1925(.Man| A Weat.).

JAD
AAO

lis
110
113
13A

107%
107
106
105
109
82
65
102
103
101
100

ilOO

99%
Memph.A ChHrl.-l8t.7B, lffl».JAJ 118
I

3d mort., 78, extended, 1015.JAJ
JAJ
Ut consol. 78, 1915

118
110
Ist.conB.. Tenn. lien, 7s,1915 JAJ 115
Gold, 6b. 1924
JAJ lOQ
H14
116
3d 68, 1899
MAN
103
Mexican Cent.— Prlor.5B,lB89.JAJ
110 lll>s
JAJ 71%
Coneol. 48, 1911
36
68
July
let con. Inc. 3b, 19.S9
18
82^ 83% 2d con. Inc. 38, 1939
Julv
128
Old letiuort. 78, 1911
JAJ
HexlcanNat.— let, 68, 1927. .JAD
i03»i
2d M.,8er. A,lnc.,68.1917...MA8 37 >,
8
M13 114
2d M..Ser. B.lnc.,6s.l917.. April
122
{120
Mich. Cen.— Consol., 7b, 1902.MAN 118
73
Consol. 5b, 1902
MAN 107i»
5il2" 113
MAS' 115
6s. 1909
MABi 112
68, coup., 1931
96
JAJ
5 95
Mortgage 49, 1940
ni5 lao
J.L.ASag.C(>n8.l8tM,8s,'91.MA8 ioo"
5105 105 >9
MAS
do
68,1891
97
99
Joliet A N.Ind.,l8t,78 (gnar.M.C.) 115
95
Del. A B. C, let 8.f, lvti,2 ..MAN
5 94
95
Mldd. Un. AWat.Gap— l8t,58,1911
1131a 115

85 If
2dui. Ine. ."is, 1943
JAJ 28
Ind. Deo.ASp.— lflt.79.1906.A*O 102 >a

rnd'iioIlsASt.L.— 181,78,1919. Var.

SrO0K3 AXD BONUS—UosTiJCcro.

Mntrop'n EL— 1st, 6b, 1908..JA.I 114
3d 68, 1890
MAN 103
N.Y.ElevBted.- iBt. 7b, 190a.JAJ
Halne Cent.— Mort. 7b, 1898. ..JAJ i'lT
Exten. bonds, 68, g., 1900... AAO |I10
103
Con«. 71,1912
AAO 133 >t
»2ia
Cons.4>«B. 1912
AAO 108 >«
91
96
Lesda A Farm'gt'n, 6b, 18MJAJ 106
108\
Portl. A K.,Cons. M., 6i, '95JiAO 105
112i«
Debentare, 6b, 10-2Pb. 1905. PA A 103
clU4 106
Marlo.A Pbcenlz-lst 68,1919.HAN
elOO 1P8
Mar'tBAN.Ga.-lHt,08,g.,l»ll.JAJ
<10S 107
Consol., 6k., 1937
JAJ
Uarq'tte Ho.A O.— Mar.AO.,8B, '92 101
110
6«,1908
MAS .101

A*0 70
AAO 63
AAO
1920. AAO 100
AAO lom

lii'lwnliire e«, 1897
Oon.X 4k, 1921

01*'

Nate* at

Bailboad BomM.

Aak.

BnuDton A Texnn Cflnt.—

«•

K.C.Ft.Scott A G.— l8t.78.1908 JAD
(-8
Kan. C. M. A B.- 1st, 58, 1927. MAS
Blr.,e(inlp.,6g.,gu..l903...MitS , 100
K.C.St.Jos.AC.B.— M. 78,1907. JAJlU 16
Nodaway Val., Ist, 78,1920. JAU|5l09

Kan.C.\Vy.AN.\V.-l8t58.193'.JAJ e 75
~
Ken. Cent.
"
Ky.— (Jold 48, 19S7.JAJ SO
Kentucky Un. l8t M.,5s.l92«.JAJ
KeokukADesM.— l8t.58,1923.AAO
Klns.s Co. El.- Sr. A.,S8, 192.5. .JAJ H;0
2d mort ."is. 1938
AAO
Fulton El. Ist M. 58, 1929. .MAS
Kings. A Pcm'j.— Ist, 68,1912 JAJ *100

LakeE.AWest.— l8t,g.,58,1937JAJ

Lake Shore A Mich. So.—
CI. P. AAoh.,new78, 1892. .AAO

931

89»«
2d 58, guar. N. Y. S. A W., 1896.
100 H Mil. Lake Sh.AW.-68, 1921. .MAN
117
F(&A
Conv. deb. 58, 1907
1091*
Ext. A Imp. 8. f. g. rjs, 1929. .FAA
85
Mich. Dlv., let, 68, 1924
JAJ
82
Aehland Dlv., let 68, 1925. .MAS 111
1911
MAN
Incomes, 68,
102
St. P. E. AGr. 'I'r'k, iBt.guar.. 6b.
101
Mil. A No.— Ist, 6e, 1910.. ..JAD 108
JAD IO8I4
Ist, coneol. 68. 1913
95
Mlnn'p. A Si. L.— let, 78,1927. JAD 103
96
103
Ist M., Iowa CltyA W., 1909 .J AD
10708
JAJ
2d mort., 78, 1891

8outhwe8t.Ext.,l8t,78,1910.JAD
Pacific Ext., let, 6b, 1921.. AAO
J^kJ
Imp. A Equip. 68, 1922
Mlnn'p. A Pac, 1st, 58, 1936. JAJ
Mtnn.S.Ste. M. A Atl.-lst,4e,lM26
JAJ
Consol. 4s, 1939

115
130

72
37
20

I

!

.

I

I

Aak.

3dM.e>tendMl,4%B, loss.. MAS 100% 107>«
4th M., extended, 5b, 1030.. AAO 110
9th M., extended, 4b. 1038.JAD 100 101
latooni. l%,7«,g.,1920
MAS IS4
I It 0001. food ooup.,7*,1030 MAS
BeorKanlxat'n Ist lien. 6«, 1908
108
I»iig Dnok mort.. 7b, 1893. .JAD 103%
.

Long Dock eon. g., 6b, 1035
New 3d oon(.6i. 1969

AAO
JAD
MAN

1033
JAD
Fnnded ooanon 9a, 1900
OoldlaooiDe*>ond«, 6b, 1977
Cblo. A BrtelBt4-ft*g.l082.MAN
lD0ome9B, 1982
N.Y. AL. Br'ch— lat. Ba, 1931. JAD
Collateral Tr. 8a.

A H.l8tr.4a.1903.JAT)
N.Y.ANorth'n -Ist 8.9a,1937.AAO
2d gold 4B. 1927
N.Y.Ont.AW.-lat.g.,6B,1914>IA«
JAD
Consol. 98, g., 1939
N. Y. A N. Eng.— lat, 7a, 1909.JAJ
JAJ
iBtM.. 68.1909
FAA
2d m.,6B, 1902
-5
'92)
FAA
p.o. tl U
£d 6b (scaled
N.Y.Pa. A O.-Frlor lleo. 6a. 1899..
lBt78, 1905
do
2d mort. Inc., 9a. 1910
3d mort. Inc., 9a. 1915...

§Purclia«er also pays accrued Interest

e In

London.

lOoupon

oil.

t

108

49% B5
91

"o'iifl

117% 118
110% 111
100% 101
90

100
109
33
4
1
<
3
MAN 96 98
Equip. Trust.. 98.1908
N.Y. Phil. A Nor.— 1st, 1928 ..JAJ 106% 107
AAO 36 40
Income 68, 1933
el03
< 33
3

N. Y.. Pro v.

Debenture 6s, 1905
NorrkAPet«rsb.,2d,8e,

118

80. Bide, Va., ext. 5-6b

08%ioa
71
111
118
el 13
el 11

102
102
121

102%

Northern.Cal.- lat, 68, 1907. .JAJ
AAO
Consol. 58, 1938
Northern Cent.— 4%s, 1929.. AAO
AAO
2d mort., 68, 1900
Con.mort.,68,g.,oonp.,1900.JAJ
Mort. bds., 5s, 1926, series A

do

124

"99

102

112%

113>fl

129

Northea8t.,8.C.— l8tM.,88,'99,M.<i8 120
.5IA8 119
2d mort.. 88. 1899
JAJ 105
Consol. gold, 68, 1933

B

Cons. M. 68., 1904
Con. mort, stg. 68,

108
108

MAS

1905

series

113

MAS

MAN
North. Pac. Coast 1st 68
North Penn.— lBt,78, 1896. ...MAN
JAJ
Gen. mort., 78.1903
68,

US

92%

1900 100

2d M.,6Xt. .5-68. ...1900
do
do
3d M.. 68, '96-1900.JAJ
Va.ATenn., 4th M.,8b, lOOO.JdiJ
extended 58,1900..r<fcJ
do
JAJ
100-year mort. 58, 1990

Debenture

,

Ills

'93.J(fc.J

g., 1904.

99
104

113%
114
109
It 8

3AJ

J(kJ
RR.— let, 68, end. Cant.,'95
. .

107

113

JAJ

..•«•

119
«108 110
106
116% 117
111 111%

Union
Northern Pac— Gen. .68, 1921.JAJ
Gen. land gr.,2d. 6a, 1933. ..AAO
108
Gen. land gr., 3d, 68. 1937.. .JAD 105
JAD 79% 79\
L. G. con., g. 5e, 1989
100
1S'07.JAJ
Dividend scrip ext. 66,

Pen D'Oreille Dlv., 6e, 1919. .MAS 101%
MAN 102
68, 1919
James Riv.Val.— let,g..68,'36JAJ 104
1936.MANI
Spokane A Pal., Ist 68,
HelenaA Red .Mt.lst,6s,1937.MA9
Dul. A Man., let. 68, 1936... JAJ
Mo. DlT.

Dak. Exr.,lst.8.f.68,l937.JAD
No.Pao.AMon.,l8t,6», 1939. MAS; lu9
Coeur d'Al.,l8t,g., 68, 1916.MA8
do Gen. Ist g., 69, 1938... AAO
Cent.Waeh'n, Ist g.68.1938.SfA8

9g.l940.AAO

l6i\
109
ioiii

100

107
103
109 >•
105

101^
80% 81

Ch. & No. Pac COD.
North. P. Ter. Co. -let, 68, '33.JAJ
94% 951a
N. W. Nor. Car. let 68, 1938. .AAO
Norw'hAWor.- l8tM..68.'97..MAS'51l)9% 107

Ogd.AL.Cham.-0on8.68,1920.AAO| 103% 104
18% 20
Income, 6s, 1920
i5
Ohio I. A W.— Ist pfd.58,1938. .VJ-J
118i«
Ind. Bl. AW. —1st, pf.,7s, 190O..
A MIselssippl.—
Cone., sinking tund, 78,1838. JAJ
JAJ
Cons, mort., 78, 1898
2d consol. mort., 7s, 1911. ..AAO
iBt.Suringf. Dlv., 78, 1905. .MAN
JAD
Ist gen .5», 1932

Ohio

119%
110%
110%

Ohio River RR.— Ist. 5s. 1936.JAD
AAO
Gen. gold. 5s, 1937
Ohio Southern— let 68. 1921 .JAD
MAN
Gen. M. 48, 1921
Ohio Valley- Gen.M., 5 g.,1936.J AJ
FAA;5106%
Old Oolonv-«a, 1897
JADJi03%
68, 189«.
7a 1894
M**l}iS5..
AAO'}103%
4%s, 1904
. .

114
111

VS
100
103

59

107
104
109 ••
109
JAD|{101% 103
4%8 1997
JAJ }103% 109
48^ 1938
B. O. F. A N. B., 98, 1910 ..JAJlJllO% 118
N. Bedford RR., 7s, 1894 .. JAJ'^lOS-a 106

50
OraahaASt.L.-l8t,48,1937..JAJ
Orange Belt- l8tM.,98. 1907. .JAJ ....
JAJ e 98
Oreg.ACal.-lBtoB, 1937
Oreg. K'y A Nav.-lst Bs, 1900.JAJ 108
JAD
C.msol. mort. 5a, 1935
MAS
Collateral trust s, 1919
1919.MAN
184
78,
M.,
Ist
Osw.ARome—
Ox.AClnrk.— lat, p.A 1. gn. aa.MAa

96

100
110
92

!

lat Interest guar., 68 1037. .MAN
«101
7a. g. '97. A
Subsidy bonds, 6«, 19ru....MAN'« 99

Panama-SterrgM.,

AC

I

Price nominal.

00

111%

.

100
85

105

87

105

Clinch V. D., let 58, 1957.. ..MAS

115
118

9*

N. Y. N. H.

41
11

98%

118
»7

20%

A Boston 7b. 1899. JAJ
N.Y.8.AW.-lst refnd.,9B,1937.JAJ
FAA
2d mort., 4%B, 1937
FAA
Gen. m. .58, g, 1940
119>s
MIdI'd of N. J.-lBt,6s.1910.AAO
122
Newl)"g Dutch.A Conn.— Tnc8.1!)77
Norf. AWe8t.-Gen.,68, 1931. .MAN
AAO
New Klver let 68, 1932
101
Impr. A Exten., 68. 1934. ...FAA
AdJUBtment 78, 1924
(J.— M.
JAD
Equipment, 58, 1908
97

02
Bntt.AE.,newbd8,M..78,'98.AAO
90
93
Det.Mon.A Tol.,lst,7s,1906.FAA 127>i
Dividend bonds, 78. 1899. ..AAO 114\
91
93
Lake Shore, cone. ,cp., let, 7s. JAJ 122
do oonB.,cp.,2d,78, lJt03..J&D H7is ll9i« Mo.Kan.AT.-l8t, g., 48,1990.JAD 76% 76
llOial
FAA 40 411a
Mahon. Coal RR.l8t,58,1934.jai.l
2d, g. 48, 1990
74%
Kal.-V.A Gr.R.-lst 58, 193S.J.* J
Kane. C. A Pao. 1st 48. g FAA
Lehigh A H. K. eon. 58, 1920 ..JAJ
Tcbo A Neoeho 1st 78, 1903.JAD 100
Lahigh Val.— l8t, 6e, 1898. ...JAD no's llli« Mo. Pac—Coneol. 6b, 1920... MAN 105 107
MAN
Con. M.,8terling, 6g., 1897.. .JAD
3d mortgage, 78, 1!»06
94
MAS
8d mort., 78, 1910
Trust gold, Js, 1917
M,fe8 131>4
FAA 80 83
124
Con. M., 68, g., 1923 reg
Col. trust, .58, 1920
JAD
10318
Lch.V.Ry.ltt 4i.iS, g., 1940,reo.Kii.
Lexington Dlv., 5, 1920..... FAA
93%
Utchf. CarA West, Istg. 6s.'16JAJ
98
Fac.of Mo.,letex.g.48,1938.FAA
113
JAJ 103%
L. Miami— Renewal 5s,1912.. MAN 5112
2d 78, 1891
93% Ver'8Vy.Ind.AW.lsto8.1926MAS :ioo
L. Kock A Ft.S.— l8t, 7s, 1905..JAJ 5 93
Little R.A Mein.— l8t.58,1937.M&9
69
Leroy A C. Val., l8t,5a, 1926. JAJ
Long Island— let M.. 78, 1898.MAN 114 114>«
Car. Br.. Ist 68, g. 1893... .AAO
St.L.l'oMt.&So.— lst,78,'92.FAA 103
iBt consol. 58, 1931
Q—
MAN 10519
Gen.M. 4s, 1938
90
2d mort., 78, g., 1897
JAD
Ark. Br. 1. gr., M., 78, g., 95.JAD 102% • 04%
N.Y.AR'yBVli,l8tg.."i8,1927.MA8 100
105
40
2d mort. inc., 1927
Cairo Ark. A T.,l8t,78,g.,'97.JAD
S
87
89
N.V.A Man. Beach. l8t78,'97,JAJ
Gen. con. r'y A 1. g., 58,1931AAO
112
K. Y. B. A M. B.,l8t con. 58, 1935
MoblleAO.— l8t,K'(l,68, 1927.JAO HI
108%
6s.
1927
Brook. A Mon., let 68, 1911. MAS 110
Ist Extension
MAS 65 66
iBtSB, 1911
Gen mort.. 4s, 1938
MAS 105
2d, 58, 1938
8t.L.A Cairo— 4e, guar., 1931.JAJ
TAD 100
8mlth.APt.Jeff.,lst.7B,1901MAS loan
Mont. A Eufaula, let lis, 1909. JAJ 105% 106%
Morg'n'8La.ATex.,l8t,6»,1920JAJ 110.L. I. City A Flu. let 6,s,191 1..MAN 105
AAO 118 124"
Lon'T.Ev.A BUIy— lst.68.1926.A&0 10'? 107
let mort., 78, 1918
139%
E. R. A E. Di'v., l8t, 68,192].JAJ 103
105
Morris A E8sex— let, 78, 1914 MAN
FAA 102% 103
85
2d mort., 2-6e, g., 1936...
80
2d mort, 78, 1891
JAJ
H. T. C. A C. 1 HI 68,g., 1927. AAO
Conv. bonds, 78, 1900
95 100
AAO 120%
Consol. 58, 1939
86
General mort.,7e, 1901
JAJ
JAD lao 134
liOiilev.A Naehv.- Con8.l8t,79,1898
iim Consol. mort. ,78, 1915
Ceollian Br., 78, 1907
Nashua A Lowell-68, g.,'93.FAA'}104% 105
MAS 1031*
FAAS107 108
R. O. A Mobile, let 68, 1930. JAJ 1161. 118
58,1900
113
Nash.Chat. AS. L.— 1 8t,7a,1913. JAJ 1 25 1« l'.i6%
do
2(1, 6h, 1930. ...JAJ
JAJ lo7% 110
2dmort.,68, 1901
E. B. AN., l8t68, 1919
jAD iio'
Consolidated gold .".e, 1928. AAO: 103% 105%
Geol mort.. 68, 1930
JAD II2I4 114
1071» iNew Haven A i>crliy-Gon.58,19 18
Lon'v.C.A Lex.— lst,78,'97 ..JAJ 107
118
119>.i
2d mort., 78, 1907
AAO 120 121 New Haven A N., let 79,1899.. JAJ 120
121
AAO
Consol. 6s, 1909
Mem. A 0.,8tl., M.,78, g.,1901JAD fell3 117
4s,
let,
1986.
.F.SA
Junction,
114
N.J.
M.Aaark8v.,et'K,68,g.,1902 FAA 111
N J. A S.Y.-lst, 6s, 1910. ..MAN; 104 107
Pensacola Div.,l8t,68.1920..MA8 104%
N.J. Southern— lei, 6a, 1899. .JAJ
Bt. Luuls DlT.. iHt, 68, 1921 .MAS 112
do
65
N.O. A Northeast. -Prior 1.6B.1915 ......
2d., 38„ 1980. MAS
ACan.-£M..6s,g.,1904.MANi!ll3 115
N.Y
Bash. A Deo., let 78, 1900... JAJ iii'
101%
N.Y.C.A Hud.Kiv.— Exl'd58. MAN lOO'^
80.ANo.Ala., 8. F. 6e, 1903MAN 101
JAJl 12«i« 127%
78, 1903
Istcoup.
Ten-forty 6«. 1924
MAN 100
Debenture .58, I'-Si 1904.. .MAS
102>9
RO-vear gold, 58. 1937
MAN
58, 1899 1904. ..MAS
do
Unmed48, g.,1940
JAJ 78
97%
4s, 1H90-1905...JAD
do
101
l-enea. A Atl.— lBl,68,gu,'21.FAA
121
68, g., 1903. ..JAJ ell9
Bterllngmort.,
Col. tr., gold, fia, 1931
MAN 09 99%
89% 89^8
N.Y.Chlc.ASt.L.-l8i.48,1937.AAO
110
B. AN. Al. g. f. Us, 1910.. .. AAO «107
25
35
let
UM.
Inc.
6a
Greenw'd
N. Y. A
B.AN. Al.Cnnsol. 58. 1936.. FAA 100
6
12
2dmortgaKe Income, 6b
97'4
Nash.F.AS.lBtgd. g.5»,193T.FAA
120
11H%
79.ooup.,1900.MAN
N.Y.AHarloiu—
ti'sv.N.A.A Chic— lsi,68,191('.JAJ 108
129
93 > In.Y. Lack. a W.— l»t.6«, 1931. JAJ
Con. TEori. 6b, 1916
A.fcO
FAA i08%
2nd, 58. guar., 1923
General m. g. 58, 1910
MAN 80 82
Ind'ap. Dlv., 68 gold, 1911..KVA lr3
1C5
N. Y. Lake Erie A Western113 114
1897
MAS
7e,
let M., ext.
Lo'tsv.N.O.ATex.— lNt,48,1934MA8
86
2d mort. e»teDde(l,58,1919.MA8 113
2d mort., inc., .58, 1934
MAS
,

BAtLIOAD Bom*.
N.Y. Lake Erie A WMt.-fCniit'd.)

In Amsterdam.

;

In Frankfort Germany.

lOS

100
104
100

THE CHRONICLE.

932

[Vol. Lll.

GBN-BRAL QUOTATION'S OF STOCKS AND BONDS— Go.VTmaBD.
For Bxplanatlona See Notes
BAn^OAS BONDS.
Penn.

Bid.

BE— aen.M,68,cp.,1910.J&J

Cons. M.,68,cp.,'05.J.15&D.15
CoUateral trust, 4ias, 1913. -J&D
MAS
Consol. 58, cp.,1919
Q—
Equip. Tr. 48, series A
1907.
.Q.—
coup.,
Penn. Co., 6s,
Penn. Co.lst M.,4»«s,1921,r.J&J

Fenn.& N.Y.Can.-lst.78,'96.J&D

J&D

lstmort.,78, 1906

&

RE.

confol. 48.

121>t

07
111
el 03
104
104
el

109
105
106
105

117Js

A&O

1939

J&J
Penn. * N. W.-58, 1930
45
Pa. P. & Bost.— Ist, 68, 1939.. J&J
Pen8.& Atlantlo-l8t. 68,1921. F&A
100
JcSJ
Peo. Dec. <fe Ev.— Ist, 6s, 1920.
MAN 68 71
2draort»irage. 58,1926
Evansville Div.,l8t 6s.l920.MA8 lOlia 103
74 «i 76
Peoria <fe Eastern-Cons. 4s. 1940.
leifl 22
Income 48, 1990
Peo.A Pekin Ur -lst,68,1921.q-F 110%
€0
67
MAN
2d mort. 4158, 1921
.

Perkiomen— Istser.

1918 Q-J lOlis
ioo'
.Q.—
58, 1926.J&J 105 •«
104
A&O

58,

2d series 58. 1918
Petersburg -Class A,
Class B,G8, 1926

Plilla.&E.-Gen.»fuar.,68,g.,'20.J&J

A&O
A&O
7s, 1897.. A&O
Phila. & Read'g— Ist, 68, 1910.J&J
A&O
2d, 78,1893
General 58, 1920
General 4s, 1920
Sunb. & Erie— let,

110!!i

99

112
123'
106>ii

126
Con801.M.,7s,1911, reg.& op. J&L>
126
J&V
Consol. mort., 6s. 1911
Improvement mort. ,68, '97 A&O 104
IOOI4
Cons. 5s, l8t8eries,1922
Deferred income 6s
New gen. mort., 48, 1958... .J&J 78»s 79
52k 55
1st pref. inc., 58, gold, 1958. ...F
38
36
2dpref. Inc., 5e, gold, 1958... .F
27 >«
27
Sdpref. inc., 5s, gold, 1958... .F
31
3dpref., inc., 58, convertible. ..F
lOOij
Phila. Wll. & Bait.— 68, 1892. .A&O 5100
A&O 51O8IS 110
68, 1900
J&D ilC5ii 106i»
5s. 1910
.

Trust

certs. 4s,

M&N

M&N

1922

Pied. & Cumb.— 1st, os, 1911. F&A
Pitt8b.C.& bt.L.— l8t, 7s. 1900.F&A 1 1
Pitt8b...,i.&Tol.— 1st, (>8, 1922. A&O 105
Pittsb.&Con'Usv.— l8tM.7s,'98.J&J
Sterling cons. M. 68, g.,guar.J&J eliO
Pittsb.Ft.W. &C.-l8t,7s,1912Var
2d mort., 7s, 1912
Var
3d mort., 7s. 1912
A&O 130
Pittsb. June. Ist Cs, 1922
J&J 115
Pittsb. & Lake E.— 2d,58,1928 A&O 5
Pittsb. McK.& Y.— lst,6s,1932.J&J 115
Pitt8.Pain.&F.— l8t,g..5s,1916J&J
Pitts.Shcn.&L.E. Ist 58,1940. A&O
78ia
Pittsb. & West.- Ist, 4s, 1917. J&J
Pitts. Y. & Ash.- lst,5s,l".>27.M&N lOj

98
100

HI 115
128
lHh

Ashtabula & Pitts. — ist 6s. 1908
Portl'nd&Ogb'g- l8t6s,g.,1900J&J 5112
PortRoyal&Aug.— lst,6s,'99.J&J 106
Income mort., 68, 1899
J&J 115
Ports.Gt.F.&Con.-4i«R,1937.J&DS102'4
Pres. & Ariz.
Ist g.68,1916.J&J
2d inc. 6s, 1916
J&J
Prov.& Worces.- 1st 6s,1897.A&0
Raleigh & Gaston— 88, 1898. ..J&J 115>s
Een.&S'toga- l8t7s,1921oou.MAN
Rich &Dan.— tten.m.,68, 1915J&J 112
Debenture, 6s, 1927
A&O
Con. mort. gold, 5e, 1936. ..A&O
Equip. M. 8. f. 59, 1909
M&8 e 86
Elch.Fr.&F.—Con8.4is8, 1940. A&O
Rich. APetersb., ds, 1915. ...M&N
Rich. York R. & Ches., Ist 8s, 1 891 106
2d mort., 68, 1900
M&N 100
Rich. & West Pt.Ter., 6s, 1897. F&A
93
Con. col. trust, Ist, 58, 1914. M&8
65
Rio Grande West.. I8t4s,1939. J&J
76^
Kio Gr'de Junc.l8teu.58,1939.J&D
Rome & Carrollt.— Ist, 6s. g., 1916 102
Borne Wat'u&0.—8.P.,7a,1891. J&D 100>9
2d mort., 78, 1892
J&J 101
Consol., extended 58, 1922. A&O 108
Rutlanu— 1st M., 68, 1902. ...M&N 10;!s
Equipment, 2d 58, 1898
F&A S 99
84i6
8t.Jo.&Gr. Isl'd— l8t,guar.68,1925.
2d mort.. Incomes, 5s, 1925
Kan. C. &Om. 1st 58, 1927. .J&J ....
Bt.UAlt.&T.H.— lstM.,78, '94.Var 108
2d mort., pref., 78, 1894
Var loa"*
2d Income, 78, 1894
M&N
»lv. bonds, 1894

C—

135

97

do

2d, Income 6s, 1931

114
108
122>«
102 S

145

114
100
85
88

65 H

76%
88

108 >«

108
99 i«

HOI4
102
84

77
78

j&j

27

29

...F&A ellO

120

2d,g., inc. 48,

1989

&

iBt m. Mo.
W. 68, 1919
Col. Trust, 6, g., 1920
7s. 1895
General mort.. 68, 1931
General mort., 5s, 1931
Ist trust, g., 58, 1987

.

.F&A »llo

J&D

100
J&J 103
J&J 91

A&O

Kan.C. &Hw.,lst,68,g.,1916..J&J

Ft.8.& V.B.Bd.,lBt,6s, 1910.A&O
92
8t.L.K.&8o.W. -l8t68, 1916M&8
Kansas Mid.— 1st, 48, 1937. J&D
8t. Louis Salem & Arkansas-Ss ) 94>«
Bt. L. W. & W., 6s, 1919
M&S
Bt.L.Vand.&T.H.-l8tM.,78,'97.J&J 111
2d mort., 7e, 1898
M&N 105
2d. 7b. guar., 1898
M&N 107i«
*

Filoe nominal,

i

5s,

A&O
A&O
M&N

Railroad and Miscel. Bonds.

Ask.

1931. F&A

Wabash-lst gold

58,

Bid.

.M&N

1939.

Ask.

9714

95

98

2d gold 58, 1939
F&A 74 »i 75
Deb. mort., series A, 1939. ..J&J
114
2d 68.1909
Deb. mort., series B, 1939. ..J&J
35
38
113»« I14I11
..
Dak. Ext., 68. 1910
St.L.K.C.&N. (r.est.&R.),7s.M&S 10414
10»i«
115%
J&J
1st consol, 69, 1933
do 8t. Cha's Bridge 6s, 1908
101
no
Ist consol., reduced to4'«8 ..J&J
do No. Mo., Ist, 1895. ..J&J
Montana Ext., Ist, 48. 1937. J&D
841s West Cliester— Con. 7s, 1891. .A&O
Minn's U'n, 1st, 68, 1922 ....J&J 112
W. Jersey A At. 1st M.,68l910MAS idsH
115
Montana Cent.— Ist, 68, 1937J&J
West Jersey -1st, 6s, 1896
J&J lOSH
East'n,Minn.,l8t,g.,5s,1908.A&0
^
lstM.,78, 1899
AAO 119
St.P.&No.Pac.-Gen. 68.1923. F&A 117
102%
West Shore— Guar. 4s, 2361... J&J
60
4anAnt.*.\.Pas8.,lst,6s,1916.J&J
West Va.C.&Pitts.—lst,6s,1911 J&J 10714 108
65
J&J
Ist, 6s. 1926
West Va.&^itts.-lstSs, 1990. A&O elOO 102
100
San F.& N.P.-l 8t,5s,g.,1919. J4J
West.Maryl'd— 3d en.,68, 1900.J&J
SMidnskyMausf.&N.- Ist, 7S.1909 117
99 100
West.N.Y.&Penn- l8t.5s,1937J&J
87
27'* 28i»
Sav.Am. &MoD.con.,6,g.,1919.J&J 86
2d m., 38 g.— 5e sc. 1927. ...A&O
110
107
1»T. FI. & W.— Ist, 6s, 1934. .A&O 5105
Warren & Frank., l8t,7s,'96F&A
At. & Gulf, con. 7s, 1897 ....J&J 105
W'n No.Car -Con.68,guar.l914. J&J 101 102
80. Ga. & Fla.— Ist, 78,1899.M&N 110
*Ve8t'nP«nn.— 1st M ., 68. '93 A&O 102
2d, 78,1899
M&N 105 110
J&J 106
Pitts. Br., IstM., 6s, '96
73Ji 7414
Scior.V.&N.E -lst,g.,48,1989.M&N
Gold 4s, 1928
J&D
leaboard & Roan.- 6s, 1916. .F&A
Wheeling* L. Erie— Ist. 5s,... 1926 104
....
106
58. coup., 1926
J&J
Wheel. Div., 1st, 5s, 1928 .. .J&J 100
9914
93%
3eat.L.8.&E.— lst,gold.68,'31.F&A
Exteus and Imp. 5s, 1930. .F&A
iham. 8un.& Lew.— lst,58,'12M&N 101
Wilm. Col. & Aug., 68, 1910 ..J&D 114
3ham.V.& Potts.— 7s, ecu. 1901J&J 120
Wilm. &No.— Ist, 5s, 1907-27. J&D
iieij
iiien.Val. -l8t,78,Tr. rec.ass.J&J
Wilm. & Weldon— 7s, g., 1896.. J&J
Gen. M., 68,1921 Tr. reo.ass A&O
58, 1935
J&J ill 112
Incomes, 6s, 1923
Winona&S.W.—lBt,65.g., 1928. A&O
60
Shreve. & Hous.— Ist, 6s, gu., 1914
Wiscon. Cent.Co.— lst,5sl937.J&J ...... 93
110
3odu8 Bay& So.— l8t,5s,g.,1924J&J
Incomes, non-cum., 5s, 1937
23
35
9o. Cen. (N.Y.)— Consol. mort., 58..
Wore. Nash. & R.— 5s, •93-'95. Var. 5100
108
3o. Carolina— IstM., 68,1920. .A&O a;106
Nash. & Rooh.. guar.. 5s. '94. A&O §100
2a mort., 68, 1931
J&J 80
MISCKl,l.Al<iKOUS BONDS.
22
Income 65, 1931
Amer. liellTeleph'e-7s, 18^8 F&A
3o. Pac.Arlz.- lst,68,1909-10.J&J 102
Am. Cot. Oil-M. g. 8s, 1990. .Q-F
80 Pac.Cal.-l8t,68,g., 1905-12 A&O 1121s
Am.WatcrW'sCo.— lBt68,1907.J&J
Ist con. g, 5s. 1938
A&O 9rf
let con. gold 58, 1907
J&J
So. Pac. Branch— 6s, 1937. ...A&O 106
Amer. Steamship- 68, 1896. ..A&O
93
So. Pac. Coast— Ist gu., g.. 4s, 1937
Bjoueville Bridge 7s, 1906.. .M&N
So. Pac, N. M.-lst. 6s, 1911 .J&J 103
Boston & Montana— 78, 1S98..J&J
Spok.Falls&N.— lstG8,g.,1939.J&J
100
Boston UnltedGas— 58, 1939..J&J
110
State L.&8uI.-l8t(J8, 1899. ..J&J
2d 5s, 1939
J&J
Stat. Isl. R. Tr.— l6tG8,g.,1913.A&0 ,112
118
Cahaba C'l Min.- Ist g. 7s,l 907. J&J
2d mort. guar. 58, g., 1926. ..J&J
Ches. & Del.Can.— Ist 5s,1916. J&J
Steuben. & Ind., 1st Ss, 1914. .J&J 105>i
Ches. & Ohio Canal— 6s
J&J
9inb.Haz.&W-B.— l8t,5s,1928M&N IO2I4
Chic. GasL. &C.-C. OS, 1937..J&J
2d mort., Gs, 1938, reg
M&N 98
Chic June. col. g. 5s, 1915
J&J
Sonb. & Lewlstown, 7s, 1896.. J&J 11214 115
Colorado Coal & I— 6s, 1900. .F& A
Susp. B. & Erie June— Ist 78, 1900 5110
114
Col &Hoek.C'l&rn-g.68,1917.J&J
Syr.Blng.&N.Y.—con8ol.78,'06A&O 12014 130
Comsfk Tun.— 1st in. 4s,19 19.M&N
Syracuse St. R'y.—lst,53, 1920. J&J
Consol. Gas, Bait.— 68, 1910. .J&J
TerreH & Ind.— Ist, 7s, 1893 A&O 102
Consol. 58, 1939
J&J
Consol. mort., 5s, 1925
J&J 101
Consolid. Coal-Conv. 68.1897.J&J
Terre H. & Log'pt.— Ist.gu., 6s.J&J 101
Edison Elee, 111. Co.— Ists. 5s. 19
Ist and 2d, 68, 1913
Eq.G'f&P..CUic-lstg.6s,1905.J&J
J&J 99
r«x. Cent.— l8t,8k.fd.,7s,1909M&N
45
Gi'dR.Cl.&C— lstg.6s,1919 A&O
Ist mort., 7s, 1911
M&N 40 45 Henderson Bridge— 68, 1931.. M&8
Texas & New Orleans— l8t,78. F&A
Iron Stc.tmboatCo.-Gs. 1901. J&J
74
75
Sabine Div., 1st, 6s, 1912... M&8 ioii«
Laclede Gas. St. L.— 5s, 1919 Q—
r«x. & P. -East.D.lst 6s,1905.M&8
t*highC.&Nav.— M.4iss,1914.Q— 1071s
Ist gold, 6s, 2000
8714
J&D 87
Q-F 108-4
RR. 68, 1897
2d gold inc., 5s, 2000
3214
M&S 1031s
Mch 32
Convert. 6s, 1894
Third Avenue 1st 5s, 1937. ...J&J
15 J&D 112%
Mort. 6s, 1897
1121a
Tol. A. A.&Cad.— lst.6s.l917.M&8
82
J.&D 1231s
Consol. mort. 7s, 1911
rol. A. A.&Gr.T.— lst,6s,1921.J&J 106
110
Greenwood Tr. 7s, 1892....F.&A 101
9914 100
Tol. A. A.&M.P.— l8t,6s,1916.M&S
IOOI4
Q—
Gen. mort. 4148. 1924
Tol.A. Ar.&N.M.— lst.6s, 1924.M&N
94
MIn'p's St. R'y Ist con.58.1919 J&J
lit consol. 58, g. 1910
Mut.Uu.Tel — Skg.fd.6s,1911.M&N
J&J 81%
Tol. & Ohio Cent.— 1st, 58, gu.l935 104i< 103
Nat.St'rchMi'.Co.-l8t,g.«JB,'20 M&N
Tol. & O. C. Ext.-lst, 5s, g., 1938.
New Eng. Telephone. 6s,1899. A&O 102 IO214
Do do guar...
New Eng. Terminal. 58, 1909. F&A 21'
Marietta Min., Ist, 6s, g., 1915..
24
95 100
New Orleans Pac— I and grants.
Tol.Peorla&W.— l8t,4s,1917....J&J
75 14 N. Y.& Ont. L'd-lstg. 68,1910. F&A
96
74
Tol. 8t.L.&K.C.,l8t,6s,1916...J&D
90
Ist
g.Cs,
1920.
&I.
85
N.Y. &PeriyC.
Troy & Boston Ist 7e. 1924. ..J&J
Northw'n Telegraph-7s,1904 J&J
Ulster & Del. con., 5, 1928....J&D
Ocean SS. Co.— 1st 6s, 1892. guar.. 102 103
97 Is 99
United Co'sN.J- Gen.68,1908.M&S 12214
Oregon Imp. Co —1st 68, 1910. J&D
do
gen. 48, 1923
A&O 65I4 66
F&A 102
Consol. 5s, 1939
do
gen. 48, 1929
J&J 63
65
M&S ^104 1061s Penn. Canal— 6s, 1910
sterllngdo
M&N 101 Ij 101%
6s, 1894
M&8
Penn. Steel— 1st 5s, 1917
do
People'8G.&C.Ch.-lst,6,g.'04.M&N
68,1901
M&S
Colon Paciflo-lst, 6s, g, 1896. J&J IO914
J&D
100
1904
do
2cf
1st, 6s. 1897
Peoria Water Co. 6s. g.. 1919. M&N 100
J&J 110%
Ist, 6s, 1898
Phila. Co.— 1st 8kg.fd.6s,1898.J&D
J&J 112 113
1st, 6s, 1899
Po'k'psie Bridge-lst 6s,1936 F&A '4614 40%
J&J 1131a
Sink. F., 8s, 1893
M&8 lOSie
Proctor & Gamble 1st 68. 1904
Ojo. Bridge, sterl. 8s, g., '96.A&0 elll
St.L.B'dge&Tun.— l8t7s,1928.A&0 el26 i'so"
115
Collateral trust, 68, 1908
Tenn. Coal Iron & R
J&J
Collateral trust, 5s, 1907
A&O 92' 90
J&D
Tenn. div. 1st 6s, 1917
Collateral trust lijB, 1918.. M&N
95
Blr. div. 1st con. 6s, 1917.. ..J&J
68
Equipment Trust 5s
A&O t 92 93I4 W'n Un.-Deb. 7s, 1875-1900.M&N
Kanb. Pac, Ist, 6s, 1895
M&N
Deben. 78,1884-1900
F&A 108 109
99 1»
J&J
do iBtM., 68, 1896
CoUat. trust cur. 5s, 1938
J&D 1071s
do Den. Ext., 68,1899.MAN 110
Woodst'ck Iron— Istg.Gs, 1910.J&J
do 1st cons. M.,6s,1919 M&N 1061s 10678 STOCKS— KAILKOAD. Par.
Oen.Br.U.P- A.&P. P.6s,'95 M&N 105
9
10
Ala. Gt. South.- A., 68, pr6f.,.*10 e
£10 e 3
Fund, coupon 78, 1895 ...M&N 100
4
B, common
Atoh.Col.&P.,l8t,Gs,1905Q.—
1%
Ala. N. O. &Pao., Ac, A, pref. £10 e
78
B, def..«10
At.J.Co.& W.,l8t,tis,1905.Q,—
do
do
3e
U.P. Lin. & C, l8t.g.,5s'18A&0
35
Alabaaia&Vicksbnrg
68
73i« 74
Oregon Sliort-L. & U. N. Consol..
Albany& Busqueh., auar.,7...100 160 170
Collat. Tr«8t5s, 1919
M&S 70 73 Atchison Topeka & Santa Fe.. 100 32% 32''»
Oregon Short^L., 68. 1922 .. F&A 101
94
96
Atlanta & Charlotte Air Line ..100
Utah 80., gen., 78, 1909
100 109 110
J&J 102 1021s Atlanta & West Point
do Ext,l8t,78,lS09J&J 101
100
5>«
Paoltlc
5
&
Atlantic
Utah A Nor.— iBt M.7e,1908.J&J 101
Augusta & Savannah, leased... 100 131 135
Gold 58, 1926
100
Ohio
85
80
&
Baltimore
J&J
82
U.P.Den.AGulf con.,5.g ,1939.JAD
iBt pref.,6....100 130
do
72
73
Den. Tex. G. 1st, g. 58, 1937
100 116 118
2d, pref
do
71
74
lOJ
U. &B1. B.— Con. 48, g, 1922. .J&J 100
2%
Bait. & O. S. W.— pref
103
guar
60 75
UticaCUn.ABing.l8t5,1939...J&J §•
Beech Creek,
110
Valley of Ohio— (5on. 68, 1921. M&S
pref
100 135 140
"' BeUevUle & 80. lU.,
Ver. & Mass.— Guar. 58, 1903.M&N 105 >s 106
100 200 201
Boston * Albany
Vlcksb. 8h. & Pac. -Prior lien, 6s.
100 174 175
Boston & Lowell
Va. Mldl'd.— lstser.,68, 1906. M&8
100 19514 196
Maine
Boston &
2d series, 68, 1911
.100 149% 150
do Pref
m&8
do
lie's
pref..
3d series, 6s, 1916 .. .
100
Alr-Une,
M&S
Boston & N. Y.
109
4th series, 3-4-58, 1921
100 233 254
M&8
Boston & Providence
85
5th series, 58, 1926
Lynn..
100 1831s 185
Beach
&
M&S 99% 100 14 Boston Revere
General 58, 1936
1 00
26
.29
M&N 81 83 Brooklyn Elevated Pittsb
do
100
331* •34
guaraiiieed, Btamped
&
Buffalo RochestiT
82
85
2d mort..

8t

58,

1917

100

lC2is

P.Minn.&Man.— 1st 78,1909 J&J 114i<

. .

.

.

.

.

.

1

. .

!

18%
67 H 67%

Bt Louis

Equipment

& Duluth—l8t,

m

Garb. &Shaw.,l8tg.48,1932.M&8
1 stTrust Receipts
2dm..6B, 1936, all ass'tso'd.F&A
Bt. L. So. W. lit, g.. 48, 1989.. .M&N

& Ban Francleoo—
2d 68, ol. A, 1906
M&N 107
2d M., 68, class B, 1906
M&N 107
2d M., €8, class C, 1906. ...M&N 107

6t p.

Bid.

.

108
105

..M&S

Bt.L. Ark.A Tex.

of First Pagce of Qaotationa.

'

110
106
105
55
BeUev.&8.IU.,lst,8.F.88.'96.A&() 11214 114
Bellev.& Car., Ist 68, 1923. .J&D
Ch.8t.b.&Pad.,lst,g., 58, 1917
Bt. L. 8outh., Ist, 48, 1931.. M&8

Head

RAILROAD BONDS

Ask.

128

at

Purchaser also pays aooraed Interest. eInl/ODdon

lOoapoAoO, « Price per

share,

t

m

auibu,..; |^

I

U Fraukfort.

Jura

h

THE CHRONICUL

20, 1891.]

G5MS«.\L qUOT.VnO.VS OK"
For «pUnmtlon« n— Wof« !
BAILROAO BTOOKa.
Kncli.AP..pf.lOO
B. C. K. A North.. TOO

Alk.

Uttle

£0

79
40

13

1}

.ou.

Buflr.

100
Camitcn AAtlantlc.nO
do
do Pf BO
Canailn Sontliern 100
Ch ladtHu Pantflo. 100
CtHwlHiia
AU
CBllfcirnltt Paiilllc

ilo

Int pf..^O

do

2dpret..50

49>4
79«.

do

e

108
)8ii

37
110

80

I

31

East.

do

A

Mil.

do

111.

37»s
112
aiHi

^eiiiph.A

..100

A Green.,piei.lOO
H. Val. ATol.lOO
Col.AXen.,Kuar..8 SO
Con. A Montreal—

20
26

Cl.KH.C.&M.pf.lOO 133

26i«
178

133>4

159% 1««

Class IV. (Cuuc.)lOO
Con.APort8.,KU.,7 100

77
118

reiM B.

I40>t
>«

106

I

81>.

»

74

50

SS

do

54 >t
87

A Ind'nap.SO

90

7.AN.Eni;land.l00
35
Pref.lOO 100 ij
do
N V N H.AHartf.lCO
N.Y.ANorth.,coai.lOO
17'
do
pref.lOO
NY. Ont. A West. .100 16^
N. y. Phil. A Norf.lOO
10
N.Y. Prov. A Boat. 100
N. V.Busq.A

76

do

WesfnlOO
Pref.lOO

News AMlS8.Val.Co

A bound Br'klOO 180 168 N irf.AWest,, com. 100
Delaware* Hud. .100 12914 130
do
pref. 100
Del. Lack. A West. 80 135%136
Ni. Pennsylvania.. 80
Del. A New Jing...lOO
Northern Central. .80
Denv. A Rio Gr.... 100
8'
15>s 16>4 Northeastern
49 >4
8

«
12

A 8. W.lOO
A Worth.lOO

Det. Hills.

do
pref.lOO
Dnlnth S. S A Atl.lOO
do
pref.lOO
E. Tenn. Va. « Ua.lOO
do 1st pref. 100
do 2di)rel..l00
Eaet Pennsylvania. oO

34>sl

4\
11

8H

52

131s

A

(,'ol.AHock.C.

AT.IOO

7>4

28

1.100

Consol.Coalof Md.lOO

Home.'^take Min'g.lOi)
53
3514 LebUb A Wllkesb.Coal
.Maryland
Coal. ...100
101
240 iMInnesota Iron ...100

New Central Coal 100

'

'21'

.

7%
29

I4%

18>4
.-.a

TRUST

10

4l%

160
107

no

^

m

16

17

70
U>s

I

<

Union
United states
5«s WasUlnnton

sm
1-80
9ft

92>s

53
95

7

10

400
4->0

1000
725
230
180
•

ISO
750
250
190

.•• l«ft

180
200
115
263

193
320

280

2.^0

KiO

N. Y.LIfeATrust.lOO 700
18
N.Y.Securtty ATr.IOO 195
19
72>s Peoples', Brookiynl 01 2 8
Real Estate L.A T. 100 185
11
State
100 200

40
30u

6»
S3

ro»f»

Am. Loan A Trust. 1 On
Atlantic
100
Brooklyn lrust...l00
Central
100
Ootlnental
100
Farmers' Loan ATr.28
Fr.tnklin...
100
Holland
100
Kin.18 County
100
Knickerbocker
100
Island
Long
100
%
30
3.5
3S>8' .Manhattan
100
15 "4 .. ... .Mercantile
Metropolitan
100
•ii.
30
yassau
100
ID'S 12

100 785
10c 795
.100 175

.••>••

302>»
212
160

2ia
850
805

nis4;'i.L,ANEO(is

37>«

STOCKS AND
TKtSTS.

34
90

Adams Exptess...lOO 146 14S
Am. Bank Not« Co..50 36
39
Am. Cotton Oil. ...100 23 >s 23>*.

ELECTRIC

LIGHT,
80H 80%
63% 6 4 >3 Brush, Bait

SS>t

100 200 201
100
48's 49
ICO 23 •

Tropical

39
Min'g.lOO
Pennsylvania Coal. 50 250
8
Quicksilver Min'g.lOO
3eJ«
oref.ioo
do
Tenn.CoalAlronColOO 33Hi
do
pref.lOO
87
811.

120

SOI«

Am. Cable

Hudson River
Mexican
.IO 1-35
N.Y.A New Jersey.lOO 93
New England
100
50

jN.Y.APerryC.AI.lOO

16% Ontario

5:^

80.

Erie

dec.

50
60
100
Brush Elec. Light. ..50
43
50
Sortli'n N. Hamp.lOO 136
Brush niumlnat'g 100
50
13S
Vorth'n Fao., coin. 100
33
48
6
24'8 24»8''<^'<>h80l'<l"ted
100
do
Pref.lOO
2
4
25
67% 68 Con. Eleo. Storage.
Sorw. A Worcester, loc 180 ISO's Edison Gtn. Elec lOu 100 lOJ
77
78
Oi(d. A L. Champ. 1(>0
41*
Edison III. Co. of N. Y.
87
6
73
Ohio AMI88
100
76
10
Bklyn
18
19%;|
50c. I.OI
Pref.lOO
38
do
Edis'n Phon.ToyMf .Co.
100
Ft. Wayne Elec.Oj..'.«S t 12
12 "4
8\ O uo Boutbem
Old Colony
ICO
Julien Electric Co.
13
100
1
Om.ASt. L
Do Traction Co
6
do.
pref.... 100
Spanlsb-Amer. L. A P
60
Oreg. R'y A N*v 100
Thorn.- H. Eleo.Co...25 » 43I4 4i"
18
do
pref. .25 < sst 26
83 >s Or. S. L. A Utah N.lOO
do T.S-oSer.C.lO
U9 Pennsylvania KR. .50
do
Penn. A Northwest. 50
do Ser D
Pensacola A Atlan.loO
Thom.-H. Internat. lOO
50
^eoria Deo. A Ev..lOO
do
pref.. 100
12.^'
Peo. A F.a8tein....I00
Thorn. Welding Co. 100
Eiirop.
Petersburg
do
W.Co.lOO
100
18
U.S. Electric Co.. 100
50
76's Phlla. AErie
Ocrm.
Illumiu.it.Co.lOO
40
SO
Phil.
A Nor. .80
U.S.
23
Westinghouse El. L.50 < 12%
Piilla. A Read. cert. 50
75
.

do
pref. 100
Dee M. A Ft. b'ge 100
do
prel.ioo
Det. Bay City A A. 100

Colorado Coal

19% 20

fOij

N

175>« N.

Pf-,KU.,8.50

A

Hariein
5C
if.Laok.AWe8t...l0o
Y.L.FrleA West. 100
do
Pref.lOO
V.

A

I

Divld'nd obligations

pref..

...aaaa

nifiitih,

TKLKPHONE.

50
Jersey
SO
V'ust Jersey A Atl. ..50
VHBteru ^Iaryland.50

!

of

American BcU

(B.)«it.)...80

*ll. Columbia A A. 1 00
Wilmington A Nor.. 50
*llm.AWeiaou,7.100

'J'f

1

pref. (Bos.)

West. N.Y.A Poun.lOO
100
Wheel. A L. E
pref.lOO
do

ia«ii

BO
17

•

infest

103

44

1

I

1

«»•

Commer'l Cable Co 00 105
Fntiiktin
100 23
^<tock
100 98
100 300
St. gair
50
83
P*«lll A Atlantlo...
80
Postal Tel. ("able
28
South'n A Atlantic. 23
75
Western Union
100
81

. .

.

N
N
N

Cent.

UtIoaABlackRiT.lOO

do.

•'•

U>%

A UK'KLVIV

rj-cpf

Vc.A Ma8s.,l'sed.e.l00
VlrKlnla Midland 100
jWabash RB
100
pref. 100
do
-Wan'n(N.J.),lVd,7.80

West En

IS
•

lOO

TBLKtiltAHII.
Tel. A Cubic. 100

Amor.

a. If .J. BR AC. Co. 100
anion Paelflo
100
Pao. Don. AO.lOO

j

73
75

Lorttt
SrrnrilieM
in
ClIliriKIiI.K ('//n wrtk

Tol.8t.L.AK.CIiy..lOO
pref.. 100
do

i

•

4*k

ilOHMK KHH.

I>>wl8t'n.ro

llln.

N uiliua A Ixiwell.-lOO 200 201
N.iugatiick
100 «247'4|2i0

N squehoulnx Vall'ySO
Niw Il'n A North. .100
N.w Jersey AN. Y.lOO

N.V.

A

lis

13%

9an KrHTiclMco Oas ..
Wa«iri'ni Cltvo. I, 20

'

rol. AOIilo<'cnt'1.100
Pref... 100
do
To). Poor.
West. 100

Morris AE'x,gu.,7.5c

N*»hy.f;lmt.A«t. L.25
Nusli. A Decatur. ..28

Salem. Maai

rttxaaAPaoinclOO
fol. Ann .\rlior A N.M

iiO
101

A

Sitnb'rr

.

Del.

Det. Lan.

15
8

100
VlsooDSlo Cent. ColOO
Sew London Nor. 100 148
Pref.lOO
do
N y.Cent.A H.Rlv.lOO 100 ifl 101 W.ir.Nash.A Roch.loo
6
12
201s N Y.Ch.A8t.L.newl00
nilVINO
A
GOAL
13
«3>4
do
1 St pref.lOO
65
STOCKS, N.Y.
68
2il pref 100
94
do
27
29»4 Cameron Ir.*v CoallOO

Col.
Col.

„

24

'.

1

Mloli., gn..

73''(

Bid.
«

Portlanif, Me.. G. L.SO
St. Lonbi LaolMlfl.ino:
do
pref. 100

.

80

A\. &. Col. 100
29
Cleve. & Canton.. 100
5%
do
20
pref. 100
0>\
Cley. C. C. 4 8t. L.lOO
Ul
pref.lCO
_ do
Cl.APlM.,gnar.,7. 81' 144
148

A

PbUa.Ca. Ilat.Gae.ftO
PlltoharcOaaCo ..SO

. .

.

•lo

UlMBt. SroCKt.

Paal A Diilnlh.lOO
Paul A Dul. Pf.lOit
St,. P.Mnin. A Man 100
Shore Linn.
100
Snntb Carolina ...100
South. Cal pref... .100
Southern Pa4'.('o..l00
S'WMt..Ga.,K'd.7.IOO
laiumit Branch. Pa. 80
Ht.
81.

00

100 112
28
80

t.'liarl

MuosL. Stocks

OR
98
38
63

IS

Prof.. 100
Miirylund Ct>ntral..B0
vfaj*sawlp)>l

4m

,

H. AOnt.. .100

do

(iO

CWo. A Nortliw'n.lOO 106 ll06»e,
do pref., 7.100 133 138
723* 72'«
Chlo. K. I. *Pao..lOO
23 >4 24I9
C.8t.P.M.&o..conilOO
do
80
88
pref. 100
CWo. & West MlcU. 100
42
Cln. Ham. & Dar.lOO no
lis
Cino.N.O.A T.Pa'c. 100
«0
•Cln. Sand. & C.pf
8.1
50 53

Day.

Vlarq.

.

pref. 100

Conn. A Passump.lOO
Connecticut KiverlOO
Cons, of Vt., pref 100
Current River
ICO
Danbury A Norw'lk.50

94

26

KvaliH.ASt. h.lOO
do
Pref.lOO

«ta<n«iloii<.

Aak

I

8t. P.IOO
pref.. 100

Clevel.

liong Inland

Bid.
I..

B')VDS-0>VTr!»OBi>.

)

P»« of

H»«<l of rir»*

Mexican Central ..100
1S\ 20
vlexloanNBt.pT.R.lOO
Vlloblgan Cent
100
89
16H 17
47i« 48-% tlU. Lake 8. AW. .100
71
74
28 >! 80
do
pref.lOO 101
104
124 126'« Mine Hill A8. H....80
66% 67
KlnneapA 8t.L...100
4>a
do
Pref. 100
8
89
Mo.Kan.*T.,'X. 2dM.
14H i.-m
pref... 100
2a
do
24H
gii^ 92 Hi >»l880ur< PaclHc. 100
68% en 'a'
0I>« 8<°e: MiblleAOhIo
100
42
43
ll2>a 113
M irgan's La.ATex.lOO

20

do 2d pref. 100
CliloaKO& Alton.. 100
do
pref. 100
Chlo.A At.,Beii.Tr.rcc.
Chlo.Bur. &qiiln.lOC

OWcA

80
80

80
<onl«T. A Nashv,.100
72*1
49 >t lx>alsv.N.A.A<'^hlo.lOO
83 a«
80
Unls. Ht 1,.A Tex. 100
10
8H Louisville Soiitli'D. 100
87
Vaboning Coal KK.SO
5e>s
do
Pref 60
7
4alne Central
100 140
109
vfan. A l.aw'oe
100 217
\H\ vtanhattan, eon.. .100 100

5OI4

Pref... 80

Central Pactflo....l00
Central of So. Car.. 50
Char. Col. * An)t..l00
Ches. i\i O.-Vot. Tr. rer
do
iBtpf.lOO

CWo.

SchuVI

.

OertarP. A Minn. ..100
Cent, of aoorKla...lOO
Central Hasa
100
do
pref. 100
Cent, of N..1
100

Central Ohio

Railroad Btooki.

Bid.

\S

dl'DJICd

933

pref.lOO
do
42>s 44>s
American Expres.lOO 113 117
Iron war. 100
Amer.Sug.Ref ,Co.cts.
8I>« 83
pref.cts..
do
88% 89
Tobacco
Co.,
pref
9i
Am.
101
Aspinwall Land. ...10 « 9
Boston Land
10 a 8>a
6
« 3
Boston Water Power
3>t
Brookllne (Masa.lL'dS I 4
4k.
100
Brunswick Co
14
Canton Co. (Bait.). 100 "si" 00
70«»
C. J. R'y's U. St'k Yds
100
do Pi-ef
100 100 106%
Jlafl.nCo
do Ist pref. 100 ilOO 1031sdo 2d pref.lOO JlOO 103
(^n. Kan. (^S. A R..2S
Contlneut'l C >n.Almp. X
2
46 »« 46%.
DIst. AC. Feed. Co. 100

1

Am. Pig

!

Eastern iu N.H.. IOC 108%
Ellz. 1*1. A Big 8.100
EimtraA W'uisp't 5C s 48
do Pref
50
ETansville A T. H..50
4
Fltchburg
East Boston Land. . f 3«»
ito
IS
Frenchman's Bay Ld * 4%
do
6k
Pref... .100
76
>Vaier,
iHackeusack
Flint A Pere Marq. 1 00
2u
pref., 25
do
do
pref.. Ice
74's
Henderson Bridge. 1(M) ioo" 102"
Fla.Cen.AP. -V.T.Cer.
ti« Piiila. A Trentou.. 100
UAH STOCKS.
44i< 4>
100
lUiuois Steel
do 1st pref. cum. lOO
Bait. Consol. Gas .100
PnUa. WUui.A Balt.SO
84
lion Ste^mboikt...lOO
do 2dpf.uou.cuni.loc
Bay State
50 t 29% 30
29
Pitta. Cln. A 8t. L..SO
5c
Keeley Motor
3
4%
Georgia Paeltlc.lOC
Pitts. Cln.O.ASt.L. 100
6
7
16>s Brookllne, Mass. . 100 ZU4 115
Lamson Store Ser. .50
17
Ga.RR.AB'ligUo.100 199 200
pref.lOo
do
59% Brooklyn, L. I.—
L^Dl^uCoaltsNav. 8 J • 46>f 47
Gr. KajiidsA Ind.lOO
Brooklyn
25
93
98
Pitts. A Connell'e..80
2
5
L«n.AS.Y.L.Al.Co..80
Gt. Nortn. Ky. pref..
Citizens'
71
20
871* r'ltts.Ft.W.A C.,guar.7
85
Mauh'tt'u B'ch Co.luO
4
6
Gr. B. W.A8UP...10O
Fulton Munluip.lOO lis
118
6'!
7>» Pitts. Junot
50
10 « 3
Maverick Land
80'«
do
3k
Metropolitan
Pref... 100
Pitts.M.K.AYough
100
90
97
IHaxwell Land Grant..
Hw.Por.Mt.J. A L..80
Nassau
Pitts.Va. A (Jli,iries.80
25 134
76
79
12
15
Mex. Nat. onstruct'o
HarUMACt. West.100
People's
72
10
74
Pitts. A Western ... 50
30
Morris Can., gu. 4.100
79>«
Housatonic pret.loo
WilllamBburg
Pref. 80
50 115
do
40
do pf.,gu.lO.10U 194 195
Hoos. A Tex.Cent. 100
Cambridge, Mass. .100 200 200 >f
8»«
Pitts. Youngs. AAsh. 80
4
{Ht. Des. AE.S.Laud.S.
250. 300.
Banting. A Br.Top.8u
Charlest'n.S.C. ,Gas.25 « 22
pref
80
do
24\ 28
loz>4 102k
Nat. Cordage
do
Pref. SO
9
42
128 hChartlers Valley.. lOO ( 8%
*2U Port. Saco A Ports. 100
Pref
..
lOSk'lOO
do
Oliools Central... IOC
Chelsea,
Mass
100
113
lis
Port Royal A Augusta
93
96
17
National Leal Trust
do leased l.,4p.o. 100
17k! I7''e
Chicago Gas
100 84Te 88
Prov. A Spring
100
38
36
Iowa Central
Cinoln. G. A Coke. lOo 190>* 191>t Nat. Linseed Oil Co...
100
7>«
9 iProv. AWorcest+r.lO.'
SO
Nat. SUrch M. Co. 100
do
East Boston ...
431, 44
Pref.lOO
26
Reus. A Saratoga 1 00
23
it6
110
Iowa F. A Sluux City
1st Pref
Hartford, Ct., G. L..25
RIoh. F. AP.,oom.lOO
115
Kan. A Mich, certs....
2d Pref
Jamaica Pl'n.MasttlOO 16J 103
Richmoud A P'b'g.lOO
16
45
38
Jt. Y. Loan Almpr't...
Jel>.M.Alud.,i'd.lOO 80
Jersey liyC,u8 Light.
Rich. AW. P.Ter..lOO
K.an.C.r'i.8.AMeDi.lOO
N. Y. A Texas Land ..
Jersey C. A Hobok'u 2c
do Pref
100
62
142"
scrip
Laud
K»n.C.Ft.8.A y.pf.lOO 119
Lawrence,
Mass
...
100
iVs"
Richmond
York
R.
AC.
120
14% 15
Nurth Amer.canCulOO
Kan.t'.Meuj.A Bir.lcO
129
Rio Grande West. .100
4c "a Louisville Gas Light. 121
30
Kan.C.Cl'n A Sp'd.lOO
100 286 287 INorthwest tqulp.lOO
do
prtf.lOO
7
721s Lowell
Kentucky Ceuu
1 00
Rome W. AOgd...lOO lOOSjllO Lynn, Maa«.,G. L..100 168 160 'Oregon Iiui>rove..lOO 26k 39
40
CO
34
36%
PaclIicMHll 88. Co. 10b
Keokuk A Des M..IC0
Maid. A Melrose. . 100 141
142
100
4
6^ Rutland
151
Peonsylv. Hleel...lOO «1»0
uo
pref.. loo
Memphis Gas
do
Pref., 7. .100
32>i 35.
7
14
100
10
Bridge
eoh 11 K A Wesl'n 100
PiiUKh.
Orleans
Gas
L.
100
M.
34
St. JOS.A G'd Isl'd.loo
97>s! 99>s
50
ISS
Klngst'nAPeiubr'keSO
7 Puilmn Palace CarlOo t8>>
N.Y. Citj- Central. 5c
8-..LoalsAlt.AT.U.100
9U "1
Land.
Ulcgo
LakeJirie A W....100
San
Consolidated
10c
9i>i'
do
13>« 11
Pref.lOO
93>f
BULouls B'dge,l8tprel *lu7 100
do
100 120 122
Pref.lOO
Equitable
56
87H St.UAP.F.lstpref.lOo
lOOl «88
54
2d pref. cert
U. ab. AMicii.i3O..100 110
12U
Mutual
10c 118
no's St. L. A 8o'we.sl...lOiJ
108
Leiugh Valley
St. Louis Tun. RR. lOU slOO
Standard Gas,pf. 100
85
ao
47'«
do
Pref 100
47
ISHi' H'i
(\»
Lo'il-'Transter
63
71
8>.
tJCTIe Miami
17.'<
Mcwinn
Wafii
101
.V
I.
*
S'
IH.'ils
Van. * r. H.IO-,
5
' rriec uuuuuau
( l^otaUona dollars per share.
« In London.
^ f uruuaaer.aisu pa^ a auui ueu lUMreat.

m

I

UH

M

.

I

I,
1

1

1

.

.

.

—

<

. . .

.

. .

r

THE CHR0NIC5LR

934

[Vol, Lll.

GENERAL QUOTATIONS OF STOCKS AND BONDS— Concluded.
For ExpTanation
MISCELLANEOnS St'KS.

Tex.APao. L'dTr.lOO
U.

8.

lOf

Bxpiees

12

1-80

Cod!i

American Flag
Alice
Alta.Montana
Astoria

KM

Isle

•50

,

01

IOC

•07
•65

Belmont

100

80

Bulwer

100

•25
•30
•60

2^75

Caledonia B. H....100
Consol. Ciilifornia.lOO
Con. Imperial
100
Chollar
Chrysolite
50

Commercial Nat... 100 300
Continental Nat. .100 155
First National
lOOl 340
Fort Deal born Nat.... 105
Hide and Leather. 100
02J« Merchants' Nat. ..100 500
Tecumseh (K. R.)..100
!Thoriidike(Ua88.11000 1200 12.'.0 Metronolitan Nat. 100 400
1-75 'Tremont&«. (Mass) 100 122 il22is -Vat. Bk. of Amer.lOOi
i203
Sat.B'kof IlUnois.lOO 265
UnlonC. Mf. (P.R.)lOOl
Wampanoag(F.R.)100l 100
Northwestern Nat. 100 895
Union
National.. .100
Wash1ngt°u(MasB )10O
pref
Cincinnati.
do
100
Weetamoe (F. R
Atlas National. ...100 110
325 WiUlm'tlo Linen Co.25
Citizens' National. 100 255
100 York Co. (Me.). ...750
Commercial Bank .50
•35
Equitable Nat
100
STOCKS.
Firth National.... 100
Daltliiiore.
First National.. ..100 272
Bank of Baltimore 100 144>«;146
Bank of Commerce. 15]
I'^s_, Fourth National.. 100
30 Citizens'
19".!
20
German National. 100
10
2-fcO Com. & Farmers'.. 100 128
Market National. .100
33
Farmers' B'k of Md.30
llMerchants' Nai'L.lOO 137
21 Farmers' A Merch.. 40 61
62 'NatlcnalLafayettelOo:
Ohio Valley Nttt'l 100] 138
.....I Farmers'&Planters' 25
FlrstNat. of Balt..lOo
Second National ..lOOl 285
1^40; German American.lOO
Third National. ...100
Howard
1
Western Cierman..lOO
65 Marine
30
NeTT Orleans
.....I Mechanics'
10
American Nat
100
Mei chants'
Bank of rommerce.lO
100
'National Exch'ge.lOO
Uanal & Banking. 100
Citizens'
People's
20 19
100
Second National.. IOC 170
Germanla Nation'1.1 Oo
106
Hlliernia National. 100
Third National. ...10(i|
82
81
Louisiana Nat
Union
75
100,
Metropolitan
jWestern
20 36Hi 38
1 00 xl57
28
Mutual National. .1001
Boston.
45 'Atlantic
New Orleans Nat.. 100, 700
100 139V140
05 Atlas
100 120»5 121
People's
50 107
11 Blackstone
Southern NatlonallOO 115
100 10'2»2 103
•35 Boston National.. 100 1131s 115
State National
IOC'
Traders'
10
iBoylston
100 130 132
IC
lool 1-0
Union National... 100 120
... Broadway
205
208
... Bunker HiU
Whitney National. 100
100;
Sol'Centrul
100 139 141
City
100 103 103 14
Ne^T Iforlt.
-.Columbian
100 110^111
Ameilca
100 206
100 135 ,13512 American E J ch'eel 00
O?! Commerce
10')
Atbury Park Nat.. 100
Commercial
95
98
Bowery
100 306
3^o0 Commonwealth. .100 ISa-a 185
Contlmntal
100 1261a 127
Broadway
25 275
Eagle
100 105 105'« Butche,r8'ADrover8'25
I

[

CoDsol. Cal. &
Crown Point

BANK

'"•26

I

2^40

20

I

I

8V5

Va

1-50
1-30

100

Deadwood
Denver City Con
Dunkln
El Christo
Eureka Consol
100
Father DeSmct.. -.100

'

•50

30
3-50

30

.

Freeland

Oould & Curry 8. .100
Hale & Noroross.-lOO

1^50
2 00

Horn Silver

3--10

Iron Silver
20
Iron Hill
Klngs.&Pembr'ke Iron
I/aorusse
10
Ijeadville Consol
10
Little ohif
50
Mexican G. &8Uv.lOO|

1^00

•27

2^50

40

Moulton
Nayajo
North Belle
Ophir

&

.0

Isle

3 80

10

Miller

Phoenix of Arizona
Plymomh Consol

35
300

Potosl

3^90

.100

Eappahanook

I

i

I

01!
35|
2-25'

1

Kobmson Consol

50

Bavage

I

Nevada

ICO

2^i5

100

•90

100, 131ifll3^

•36; Ellott
'

I

BllverKing
Standard

100
100
100
100
100

Everett

Exchange
05 i'aneuil Hall

Union Consol
Utah

First National
First Ward

225
75

100;

145
275

;

Central National .100

1

109
ChaSPNatlonal....lOO;
25'
13913 140
Cnatham
100'
142 143
Chemical
255 |256
City
100
129 130
Citizen's
25
120 |123
Columbia
IO6I2IO7 Commerce
100
100'
100 1001, Continental
119'a'l20
Corn Exchange. ..100
126 ,1261a Deposit
100^
EastRlver
1141s 115
25i
113ialll4
Eleventh Ward
25
105 1IO6
Fifth Avenue
100
107

!

1

I

ABk.

340
11413

42
140
9913

111
115

'Nat.Bk.N.Liberties.50' 165
16&
Penn National
50 « 85 "a
Philadelphia Nat'l. 100 s229
I

180

Seventh National 100 slOl
ijWestcrn National. . 50 »i02
.....
1101a
St. Louis.
260
*mer. Exchange.. .50; 177ijil80
120
Nat. Bank of Com. 100! 148 ll50
1371a Commercial
1001 425
450
100
Continental Nat'l. 100 120
121
275
Franklin
100 310
245
Fourth National.. 100 300
203
International
100 110 115
1221a, Laclede National .. 1 00 119
121
j

I

Mechanics
100 215
Merchants' Nat'l .100 135
Louis Natioual.lOC 160
Third National.... 100 119

340
140
300
155
300

St.

1621a
120

San Francisco.

70

Anglo-Californian

Bank

of California
First Nat'l Go:d... 100
Pacific

112
17
167

75
280

278
172ifl

160

167>«

100 265
100 135
lOol 330
100 144
100! 9S
100| 198

26819
138

FIRB INSCR'CE

65
225

"

STOCK.«i.

Han ford,

Conn.

JElna, Fire

168

Connecticut
Hartford
National
Orient

120
118

117^2 iPhoenlx...

Steam Boiler

loo's

2C0
98

50;

lOia

1000

Alliance

135

!

30
55

!

100'

Bid.

I

,

j

INSCRANCB Stocks.

Philadelplila.i
1421a Bank of No. Amer.lOO «335
120 ilClicstuut St. Nat.lOO' 113
Commercial Na'
50'» 60
350 JComm'nwealth Nat.50
Fiist National
lOO 235
360
Fourth St. Nat'1...10O 1S9
Glrard National
40 99
160 (Kensington Nat'l 50
Mauufact'rs' Nat 100 « 95
Mechanics* Nat'l 100 114

I

24
30

Mono

Ask.

1

•19

Comstock Tunnel

Sierra

Bid.

)

Best & Belcber
Bodle
Breece

Oriental

Stocks.

1

"I's'o

Barcelona

BeUe

90

,

&8AN. FEAN.

(N. Y.

of (^notatlona.

Clilcaffo.
American Exch. Nat..
Atlas National
Chicago Nat
100 280

80
ISaRamorc (F.Elv.).lOO IfO 101
240
238
iSalmonFalls(N.H.)300
21>s
90
14
Shove (FaU Riv.)..100
55
,Slade (Fall Riv)..100
Stafford (Fall Riv.)100 105
iSttrk Mills (N.H.)IOOP X1210 1220

STOCKS

inilVING

Adams

Bank

146

WeUs Fargo Exp..lO(i 142
West End Land (Bost.i < 21
Weet'n Union Betf Co.
Weetineli.Alr Br'ke.5C

Head of First Page

Bid. JAsk.

162>s 163i« iPocasset (F. B.)...10( 104
17J3 19
iRich.Bord'n(F.R.)100
56 iRobeson (F. Riv.)1000
53

Oil Tr't.lOO

StaLdaia

Manufact'g Stocks.

Ask.

Bid.

see Note* at

209
153

50;

Citizens'

20 110
70 120

City

Commonwealth

140
70

2,ii

135

100
150
80
145
115
125
75
243
220

65

100 235
40! 210
lOO; 80
3ol
70
50 105

Eagle

Empire City
Exchange

400

25

...100

Continental

312
288
181
130

75

American
Bowery
Broadway

Farragut

90

File Association. lOOl 90
400
4500 4900 'German-American 100 275
iGermanla
450
.50 165
'Globe
501
95
Greenwich
250
...25: 165
Guardian
190 196
lOO' 55
Hamilton
15'
70
138
Hanover
255
50| 140
Home
112
100 142

85
112
100
285
175
101
180
60
85
147
148
SO
180
85
75
105
150
75
70
155
75
170

Fourth National. 100;
Freeman's
100'
BOSTON MI XING.
Globe
100!
(SeePaac92 .)
Hamilton
100
MANCFACT'liXG.
Hide & leather ...100|
Am.Llnen(F.Riv) 1100
Howard
'Jefferson
85
100
30i
75
Amory (N.H.)
iKlugs Co. (B'klyn) 20' 170
Lincoln
100 x 12Jilll3
100
200
Amo8keag(N.H.)lO00 x205ol 2060 Manufacturers' ...100
Lafayette (B'klyn). 50
1800
75
Androscog'u (Me.).lOO 144 13 148
.Market
Llbeity
100 OOSdllOC
Fifth National
300
80 65
"
Appleton (Ma8s.).100i'; (HTh
9.iia FlrstNational
Market (Brighton). 100 95
Manuf.A BuUdeis' 100 90
650
100 2000
Atlantic (Mass.). ..100: 861s; 87
Nassau (Brooklyn). .'iO' 140
Massachusetts
100 107'al08
FlrstNat. ofStatenld..!
I125
Barnaby (Fall Rlv.)
Maverick
National
100 255 |260
Fouricenth Street. 100 170
37ia
70
Barnard Mfg. (F.R.)..
1*1 .Mechanics'
New Yoik Fire.... 100 65
Fourth National ..100, I7II2 174
100 130 131
Bates (Me.)
(Niagara
100 134 I3412 Merchants'
100 154isi 155
QaUatin National ..50 300
.50 145
Boott Cot. (Mass.) 000 xl330 1340 Metropolitan
North River
100 95
100! 350
65
951a Garlle'd
25;
BorderCltyMfg (F.R.) 120
Monument
Pacltlc
100 235 |240
(Jerman Anierioan..75'
125
25 160
Boston Co.(Mas,s.)1000 xlOOO 1015 Mt. Vernon
Park
...100 135 1137
German ExchangelCO 310 340
100, 65
70
Boston Belting
100 190>i|l91
New England
Peter Cooper
100 167»2'l68
Germanla
20' 145
liO'
150
Bost. Duck (Mhss.)700, 1050 1100) North
Peoi'.lc's
100 138ia'139
Greenwich
25 160
,50,
70
75
Chace (Fall Klver) 100
North America.... 100 128 129
I'henlx (B'klyn)
90
Hanover
100 348
50 155 160
Chicopee (Mass.). .100
91
94'« Old Boston
Rutgeis
100 118 llSia Hudson River
100
25 120
130
Cocheeo (JJ.H.)....500 360 365
People's
Standard
100 160 161
Importers' &Tr... 100
540
5oI 100
105
CoUins Co. (Conn.). 10;
9
914 ;Redemptlon
Stuyvesant
100 128 128J2llrvlDg
.50
25
90 100
Continental (Me.). 100
19
laia Republic
United States
100 165 lOjij Leather Manufts.. 100
25; 145
150
Cres't Mills (F.R ).10O;
Revere
45
Westchester
100 129H 130
Lincoln
100 370
lol 170
180
Crystal 8iir. Bl (F.K
Rockland
Williamsburg Cl'y. 50 315 330
SO
100 150 152
50l 175
Manhattan
Davol Mills (F.R.).loo
Second National. 3 00 190 192
ITIAKINIi: INSUK-I
.|. 90
Market* Fulton. .100 220 235
Dwlght (Mass
.Security
500 775 780
ANi:E .'>CUIP.
100 220
iMechanics'
25 200
Edwards (.Me.) .. KiO 120 )121
jbawmut
Atlantic Mutual
100 131
132
Mechanics' &Tr.... 25;
225
Everett (Mas-'.)..New
80
18i7
80% Shoe & Leather. ..IfO gO'e 100 ;'.Mercantile
lOo 216
100 101
Flint Mills (F.R,). 100
95
South End
1888
100; 101
102 !;Metchaiit»'
5o: 150
100 101 la
160
Franklin (Me) ...loo 103
103^4 State
1889
100; 12«ii 127
.Merchants' Exeh'e.50
101 ;102
61'beY.Mills(F.R.)100, 106
Suffolk
110
1890
100 loeij lo7
Metropolitan
7is
100
101 ;102
Granlte(F R)....ioooi
;237ia Tiilrd National
1891
I00idl04
100 375
103 1021a
1041a' Metropolis
GreatFalls(N.H.) I00x02is;103
'rraders'
Comm'cl Mm. 1873-82
lOo 101
102
Mount Morris
70
100
80
Hamilton (Mass llOOi'i 9r0 ;985 'Tremont
100 107
Murray Hill
50| 300
PUIOKS OF
Hartf Caipet (Ct.)100; .. -. 101 lUnton
100 140^
Nassau
50
Hill (Me.)
niKMBEItSHlFS.
100;
70
7013 IWashlngton
10( 123
New York
100 240 217
HolyikeW.Powrr lOol 2'i5
Webster
10(
N. Y. Stock.
100%
$'.iO,0O0 ask.
New York County. 100 600
Jackson (N. n.)..l000 xJ40 955
Wluthrop
100 112
Lastsale
N.Y.Nat.Evcti^ngelOO,
18,500
KtngPhilip(F.K.).100|
109
Brooiilyn
Ninth National
100
225 ask.
135 jN.Y.Consol.Sfk & Pet.
Lacouia (Me.)
40o 595 600
Rodfor.l
100 158
Last sale. June 13..
Nineteenth Ward 100 150
£25
I,anCHst'rM.(N.H.)100 x6.0 tt
Broadway
lot l:-5
N. \'. Produce
70
North Americ*
170
850 ask.
L'rel Lake Mills (F.X.);
Brooklyn
102
100 105
Last sale. June 17. ..
...25
Oriental
SCO
liawreucH (Ma8s.)10OO|XV4l6il4'i0 t-ity National
50 437
N. Y. Coiton
Paclflo
50 180
loOOb. 550a.
lowell (.M1188 )....690; UiO 6S5
Commercial
...60 100
Last sale, June 5 ...
Park
100 330 345
505
liOWell Bkaclicrv.lOO I3GW: 137
Fifth Avenue
loo 125
|N. Y. Coffee
People's
25b. 360a.
325
5; 295
Lowell .Macb.Slioli. 500 74
7<5
Pirst National
100 530
sale.
Last
June
Pbenlz
1
340
25;
Lyman M. (.Ha8S.).100 65% 6l<
i^'ulton
46 195
N.Y. Metal
40 ask.
Produce ExcbangelOO; 113
116
Manchester (\.U.) loo 145 14B
Hamilton
100
Last sa'e, June 1 --.
Republic.
100
32
187
Mass. Cotton
1 000
1050 1055 Klugs County
IOC 131
R'l Est. Ex. * Auc. R'ml
Seaboard
100 170
Mechanus' (F. R.) 100
"1,206
Long Island
75
100
Last sale. Juue
Second National... 100
Merchants' (F.R.) 100 105
.Manufacturers .
30 200'
Boston Slock
19,000 bid.
Seventh National .101' 125
Merrlmaik Mass) 1000 X1045 1050 .Mechanics'
50 270
sale,
Leather
Last
May
7
...100
19,500
Shoe &
156
Middlesex iMiiss.).10( xl28 131
-Vlechanios' & Traders' 240
Philadelphia Stock
2,500 bid.
.100
125
St. Nicholas
Nashua (N. H.).....'soo xi95 500
.Vas.^au
100 27U
2,5.'i0
Last sale
State of N. Y
100 100 110
Nanmktag (Mass.) 100 114 ll-lis Vorth Side
10(
160
l,roo ask.
Chic. Board of Trade..
ruird National. ...100 102
108
Newmarket
500 3371a 340
jeveuteeuthWard.l'
Lastsale
Tradesmen's
40 100
1,600
Osborn Mill8(F.R.)lO
100
H'rague
100 165
;1503 1,010a
:Cliicago Stock
United States Nat. 100
PacMo (Mass.)... 1000 1800 1805 i6th Ward
100
Lastsale
Western National. 100
1,010
100
K,ri.
p..T^.-ovoll nr
J -./I
?« r..'i-»^nMf
inn
^^(I'l.
RSOa

Yellow Jacket

. .

2 00

1

;

i

I

'

I

. . .

i

1

I

;

.

I

)

.

.

)

>.

I

!;

!

:

I

EXCHANGE

I

j

!

!;

1

;

'

i

.

1

1

»

•

Prices nominal,

1

t

T

Boston bank quotitlona are aUei'^Uyldend,

»

Prltje

per share-not per cent,

d stock doubled— rights

to

new stock o 2. j

i

JCNB

THE CHKONICLE.

20. 1891.]

Lalttt

%nvtstmtnt

Roam.

flailvoad ItttcIItgeuce.

Mamtng$

WeeLurito

(lenrinn

KR

April

rji'O. 8<>.

A

May

—

viz.,

on the last Saturday of every other month
Jo/iMory, March, May, July, September and Xofember,

and

is

furnished without extra charge to all regular siditcribers of the Chronicle. Extra copies are sold to subtcribers of the Chronicle at 50 cents each, and to others at

per copy.
The General Quotations of Stocks and Bonds, ocettpi/ing
*ix pages of the Chronicle, are published on the third
Satiirilaj' of each month.

UIbIII.A Vi.
Oth^r linen

iio.Ma-'
S9.0ft5

3.»'23

3.2.^8

W Utwk J'ne

42,181
0,820

40,701

wk J'lif
wk J'ne

53.1110

5l»,ll:i

333.550

.37o,.',(;'j

.5h,78h

07,14:)
17,0011

tJreal Norlli'n
HI. P. M.

Week or Ifo

KOAP!.
I

1891.

1890.

$

S

Alnbauia Midl'Q. May
AUeKbeiiy Val.. Vpril
Atch.T. AS.Fe.. lstwk.I'ne
Halt owned ... 1st wk.I'nc

S.'i.Sll
l<).j,7'23

Total svswin. 1 St wk .T'ne
Bt L.&SaiiF.. lstwk.rnc
Half owTipd.. Istwk J'ne

6:!:i.(iss

.

001,561
a-z.vu
I(i6,:w2
31,5'2137.K4!1

letwkJ'no
Istwk J'ne
Atlanta A Char February
Tot..S.L.&S.F.
Axp. total ..

771.53
155,H3'2

.

May
Atlajita & W.Pt. May
B. AG. Kasl Lines May
Western Lines Mav
Total
May
Atlanta

5,63

Flor'a

A-

Jan. 1

Reported.

2S,y24

_

Bal.<S0.8outliw. Istwk J'ne
Bait. 4 Potomac April
Blr. * Atlantic. April

1,925.427 2,024,021
4.5,59
49.041

9,326.053
904,699

1

541.344

7,38.5,991

2,320.195
9,606.18 i
067,103

143,722
6.385
16,330

|

132.557
1,024,708
2,45
120,628
lOJkOO
4,087

3,13

010,393,302
119,247
14,049

3,7

4,320,38:1

14.670

101

1

ln,<iU6
.

.

2,20<l

22,M10
7,Ox5.7(S7

170,001
1,39.V148

175,2.11
1,4.57,096

2,750
21.708
75,470
5.010
4.345
71,070

st

I

wk J'ne

K.C.r.B.AMeio. IstwkJ'ne
K.C.Mem. &Blr. IstwkJ'ue
Keokuk A West IstwkJ'ue
.

Koek

A Mem. IstwkJ'ue

Loni; Island

Ma.v.

A A Oh. l.»twkJ'ne
LouisT.N.O. AT- •Jd \vk.June
Lou.St.L.ATex. 2d wK June

Lvucho.ADnr'm Mav

MemphisAChas

April

.

i.Me.xlcan K'wa.v

Wk

Mil.L.Sh.AWcsl

'2t!

Milwaukee A

Nil

0,011

5,731

5.470
40.253
41.300

59,<Mlf

.May31i

wkJune
2d wk June

S^OS."!

37..5O0

29,456
333,725
55.373
53,393

24.388
356,670
52,303
44.483
140.807
123.4:i3

62.200

1,90%715

87,001

63.901

81,374
32,107
12,998
131,040
139.258

01.189

l,8l3.20i
1.359,634

298,79-2

1,401,1-1

1,337.'2S8

32,407

305.763
1,561,916

126.060

2,231.032 2,345.757

8.751,9.-I4

597.83*2

2.05.1.132

8,800,517
2,312.003
1,767,531
221.021

105.2<)3

.May...

May...
April..
April..
April..
.May. ..

516,019
494,927
48,216
57,11^
126,933
196,972
76,796
512.979
436.377
80.961
20,422

(.

OhioANortUw.. Mav.
Col. A Maysv. .May.

1,073
15,100
29,934

l.st wk J'nc
Ohio Klver
Ohio Southern May....
OLlo Val. of Ky. IthwkMay
.

5,8'29

293.0.'>0

April

I

j

I

. .

I

,

auPaulAUul'tU .May

8.Ant.AAr.Pa88.;3wR8 May
S. Fran.AN.Pao. IthwkMay

.

i

Am. A .Mon. May
Seattle L. S. A E. 4thwkMay
Aiirll
Sllverton
BiouxCltyANo. April
South Carolina .May
8 J. Pacttlc Co.—

8av.
,

I

j

Qal.Har.AS.A. April
Lools'a West.. April.
Morftan'sLAT.iApril
I

I

I

N.Y.T.AMeiAAprU.

..

1,310,09~
188.02
1,217,086

481.852
50.412
43.989
45I.35S
122.095
184,777 3,870.998
lO'J.fiO"
70.594
556,940 2.019.4-26
470.309 9.066.07.-5
84,153 1,701,650
84.943
18.751
4,755
715
258,35ti
14.000
229,6-24
38,712
115.077
6.031
140,130
42,37fc
019.988
368.311
5,610,357 20,619,504
330,530
13,295
191,273
51,605
1,370,061
475.04
1,070.9901 6.344.733
5.250,066
1,395,57
3,072.573 11,594,801
17,909
3,234
84,161
19,710
424,732
121,317

38,427
308,250
Orecou Imp. Co. March....
5,379,003
Pennsylvania .. April
13,68
Peoria Dec. AEv 2d wk June:
52,994
April
Petersburtt
330,533
Phlla. A Krie... ,\pril
1.01o,32(
Phila. A Head'K April
1,305,090
Coal A IrouCo. April
2,916.023
Total both Cos. April
2,853
Pitts. Mar. A Ch. May
22,017
Pitt.Shen. A L. E. Ajiril
108.509
Pitlsb. A West'u April
28.938
Pitts.Clev.AT.' April
12.326
Pitt8.Pain.AF.|April
57.453
'Total system 2d wk June
70,851
Pltt.'Young.AA. .\pril
20.69.1
April
AAUK.
Pt,Boyal
31,652
Pt.Roy.A W.Car. April
20,400
May
QulnoyO.AK.C.
480.950
Bleh.AI>auvllle...May
185,050
Midland..
.M.iy
Vir.
70.800
Char.Cid.AAu. .May
67,070
OoU AQreenv. .May
89,200
West. No. Car. May
146,020
Mav
GeoriB:ia Pae
13.160
Wash.O.A W..,.May
12.050
Ashv. ASpart. .May
Total Sy.s'm. Istwk J'ne 252,705
30.437
Rich. A Petersb, April
6,030
KioBr'de South. 2ilwkJune
50,000
Rio Gr. West... 2d wk June
283.191
Rome W. A Ok'd. May
7.938!
Sac.TuscolaA H. May
19,010
8l.L.A.Ar.ll.lt'silstwkJ'ne
57.4941
St.L.8outhw'ru. 2dwkjuue
1...

lli>,408

3.382.123
101.209

1.434.'277
73.306
80.931:
'20,740
63.863
72.406
13.931.
15.93.S
3,474,43 3.128,0<Ji 15.803.623 14,724.853

..

W.. 2ilwkjune
N.Y. 8us(|.A\V.. .Vpril.
Norfolk.vWest
2(1 wk June
S'theast'n(8.C.) February.
NortU'uCeutrai. April
Northeru Pacini 2(1 wk June
1st wk J'ue
Ohio A.Miss

Omaha A St.

29,311
1 1,040

276,278
72.175
305.37X
23.857

April..

A

.593.857

2.900,440
1,721,157
1,667,234
1,555,146

166.319
145,100
5.777
150,937
4.147

15'2.779
5,0 17

N.Y. Out.

0,.593

672,383
43,092
551,076
812.632
3,262.654

Total Syst'ui 1st wkJ'ne
Mobile A Blruj.. IstwkJ'ne
Mobile A Ohio.. -May...

A

1,165.030
165.121
30,364

82.01.':

7.159

N. Jersey A N.Y.
New Orl. A Gull
N. Y. C.A H.K.rf
W.
N. T. L. E.
N. Y. Fa. A Ohio
N.Y. AN. Ens;..
N. Y. ANorth'u.

1,002..500

120.760
125,513

7.181

11.5,620

..

1,090.'247

1.589.106
184.901
71.530
543.909
3,081.007

A Pae. IstwkJ'ue

.MuntereyAM.G .May.
Nash.Ch.ASt.L. .Mav.

5.255

696.831
50,927
609.011
770,700
3,347,330
137,076
3,485,35
112.514

May....
May....
.M.St.P. A S.8.M. May....
Mo. Kan. A Tex. IstwkJ'ne

Miaeralllan).'e..
Miuueap. A.St.L.

Kail. C.

15.300
450.079
348.523
131,772
120,214
1,947,2S0
400.'; 28
160,967
28.735
1,257,936

33.078
8,629
329.284

7,302
18,030

tMexleanCent... 2dwkJune
j.Mex. National
2d wk June

601.371
10.638
292,708
275,705
121,858
169.841
2,078.477
520,040
145,315
25,759
1,258,200
136,79«
162.20:
28-2.320
223,461
1,352,360 1,230,738
104.012
80.369
500.973
666.6<J4
7,001.713 7,008.243
70-.'.541l

0,502
0,47x
87.405
18,339

10,56.'!

Louis. N.

61,1130

54,J0<i

352,766

.

Louls.A Mo.Kiv MiireU
Uinis.Ev.ASt.L. 2d wk June
U)ui8V.ANa»h?. IstwkJ'ne

452,.'-.3.-,

3.113
11.811

15.'i'16

Kile All. &8o May
Krie & West
IstwkJ'ne
I^jlilghA Hud.. May
L.
L.

1

I

44T,<TM

4li4,»5<ii

1,3.58,049 1,308,898
Mav.
35.187
37,793
May.
231.509 283,312
In.ikGt.North'ii May.
20.174
'28,te0
Iowa Central... ilwkJune

1

.

lji:i

451.0S8
60,015
11,843
0,472.617

.

.

101.734

788,8381 3,404.003
60.02"!
31.-..1IM1
.'1 1.270
90,932

114.361

Iron Bnllway... -May.
Jaek'v.South't'ii 2d wk June

531.820
18,724
26,012
42.097
49.090
12,33'
Bir.Sh.A-Tenn.K March....
4,571
3,035
Blsliopsville
2.023
February.
8.519
7.536
4.44':
3.413
Blaok-v. Als.&N. February.
869.834
56,80';
46,318 1,195,53^
Bafl'.Roch.APiti 2d wk June
50,013 1,101.053 1,247,599
61,80^J
Bnr.C.Rap.&N. Istwk J'ue
172.898
168.244
51.5-20
54.3U
Camden & Atl. April.
100.'261
90,873
52.'204
Canada .\tlantic February..
52,688
Canadian Pacific •Jd wk June 374,000 331,000 8,161.003 6,580,173
250,139
221.771
7.787
Cp.F-r&Yad.Val
twk J'ne
9.003
7,507
5,003
2.560
Car.fiini.GAiCli. February.
3,889
626,023 552,.502 2,923,954 2,781,162
Cen.RK.ifeBe.Co April
Centralof N. J.. April
1,054,950 1,079,709 4,106.775 3,701,992
C3entral Pacific.. .\pril
1,340.293 1,301,014 4,794,084 4,144,213
25.510
21.261
13.5.56
9,9(-6
Centralof 8. C. February..
27.112
20,266
11.903
14.197
Char.Cin. ACbtc February..
271,507
308.279
57.138
Oharlest'u&Sav .\pril
69,393
6.24'.
10,703
21.380
10.843
Char.Sum.&No. February..
43.394
39.504
10.904
9,000
Chatt'n'saUm'u May
34,794
41.394
0.4B4
5.808
Cheraw. <fe Darl. A)iril
5.393
6,618
3,40.^>
2.852
Clicraw.A- Salisb February.
150,749 139.855 3.630,360 3,232,610
Cbes. AOblo.... id wk June
902.958
778,400
156.773
105,590
Ches.O. & 8. W. May
12.787
13,192
6,626
6,317
Cnes. & Lenoir February.
2,484.668 2,742,081 9.541,681 11,209.050
Ohio. Burl. & Q. April
57,000 1,565, 86S 1,327.2X5
72.069
Ohlo.A East. lU. •2d wk Juno
930,975
816,411
Cliica^^o A.- Erie, April.
208,787 258,895
Ohlc.Mll.&St.P. 2d wk June 490,619 470.717 11,171,525 10,615,899
7,7'29,038
7,653,759
2,208,92'
Chic. AN'thWn. .\jiril.
2,023,432
62,117
99,632
30,273
Ohlc.l'eo.&St.L. February.
53.068
Chlo.KocKI.AP. May
1.281,798 1,465,011 0,231,273 6.828.M00
Chic.St.P.&K.O. 1th wk May 118.343 121,3.57 1.619,354 l,7-,i6.499
570.650 538,075 2,064.043 2,007,773
OUlc.St.P.M.&O, April.
639,708
677,074
29,99'
30.060
Ohlc.&W. MicU. Istwk J'ne
42,108
48.067
C'ln. Day. A' Iron. .April.
22.424
24,000
5.661
5.620
CJn.Ga.A Ports. May.
274,034
318,805
13,749
12.062
Cln. .Jack & Mac. 2dwkJune
83,641 1,779,196 1,836,404
71,199
Cln.N.O. &T.P. Istwk J'ue
814,703
792.724
31,930
29,610
Ala. Gt. South. Istwk J'ne
549.707
472.51
18.980
17,049
N.Orl. &N.E. Istwk J'nc
260.475
259.05
6,989
1 .659
Ala. & Vicksb. Istwk J'ue
238,877
249,057
6,554
6,748
Vicks. 8h. & P. IstwkJ'ue
136,'2 71
148,094 3,553,149 3,726.166
Erlanicer Syst. IslwkJ'ue
7.773
8.269
1,735
Oliui.NortUw'u. May
1,728
229.195
249,745
50,352
57,300
Oin.Wab.iMich. .May
344,237
377.640
17,722
Clev.AkrouiCoj IslwkJ'ue
18,045
147,241
476,421
41,935
54.506
Olev. & Canton.. April
01.Cin.Ch.i8.L Istwk J'ne 2.32, 7'20 269,530 5,420.332 5,419,490
638.493
633.174
25,468
26,414
Peo. & Ea.<fn. IstwkJ'ue
143..50'
114.322
29,627
28,218
Clev.A Marietta May
-85,056
860,258
40.648
38,770
Color. Midland. 1st wk J'nc
1,065,058
l,09e,3'J7
258,902
Tol
Col. H. V. &
May. ..
229,481
98,317
187,514
24,418
Col.Sbttwncfi.tU May...
43,702
1,948
1,903
Colusa i! Lake. .May. ..
46,368
46,540
8,146
10,253
Covin. A: Macon. ApriL.
Denv. i KioGr. 2d wk June 158.000 174.000 3,433.991 3,437,0!I6
39,012
45,97"
11,447
11.844
De» Moiu. A: No .May
80,758
80,4(
17,603
16,971
BesM. A-N'wesI May
237.901
208,484
10,822
9,601
Det.Bay C.&Alp »f wk J'ni
481,230
482,120
21,508
20,765
UBt.Lans'n&No IstwkJ'ue
497,631
486,496
59.728
38,055
Daluth8.8.&Atl ItbwkApr
16,198
17,100
0,466
6.600
Kast Luui.siaiia. February.
524,613 534.459 1,670.177 1,661.586
E.Teuu.Va.iGa M.-ireh.
149.039
189.047
49,501
63.272
Knoxv. AiUbio .March....
550.216 538,761 2,410.040 2,349.980
Total svftlem. April
184.281
206.935
49,957,
52,763
Elgin Jol.AE.ist.' April
239.9-19
217,509
63,679
55,"33i:
EUz.Lc.x..S:B.S... April.
11W..S-5
139,794
6,037
6.539
Kyani.AiInd'pli.'. i-'dwkjune
433.1 10
432,3951
20,4721
2 1 .020
Evansv. <h T. H. 2d wk June
2.116.200
2,16l.'203|
538.055 502,915]
April
Fltchburg
54.014 1,287.9151 1,3.50,000
48.905
Flint. * P. Mara. 1st wk J'nc
10.005
4.5S4:
12,54 li
6.430
jFcbmary
Florence
6J3.4sli
5J9..'>93
2o,403
25,000
Flor. Ccni.A p. il<twkJ'u(
48.559
85.120
13,0711
14,591
Ft. W. & Rio Hr. May
10,701
22,899^
5.2901
11.579
Ga. Car' a tft No February..
.

.Montana Cent. .May.
Tol. system. May.
A Chieagu. May.

L.

7,128, «.-j3
2,197.'200

a47B

i,o.i»,iei
111

lUlnolHCeiitr'Ui.
l(id.l>ec.,VQuln

212.187
767.205
757,719
585,707 12,801,998 I2,ii85,176
707,2.53
23,7'*5
708,440
614,551 13,510,438 13,292.420
95,578 2,618,372 2,.502.0(i5
093, J39
693,740
27,933
3,31'2,112 3,195,'244
123.51
738.003 0.8-22.550 16,4-<7,071
•327,107
329,001
154,008
42,441
43,662
7,180
189,523
187.471
28,213
493,524

116,954
4,321

777,830

Housatoiile
April,
Humest'nA'Klien May.
Mulch .VHouth'ii April

I

1.471.813 1,530,497
4-^3,5'<l

Mav.
Kant, of Minn. Mav.

(liiir

1890.

'2«>3,l»5

7.3.5.1

4,0.'iM

10,210

AM.

Latest Dale.

1801.

30I,48H
05'2,I4H
183.0731

-

Kan.CCLASp

to

»l»0

I

I

(174.717;

8,33.1

3,IHt!<

rk'HT.T.AK.W. April
Kanawba&Mleb IslwkJ'ue

RAILROAD EARNINGS.
Eamingi

Hi

(iraudTruuk. .. |\V'k Junel3
Chlo JtUr.Tr.jWk JiineU
f>et.(ir.l< 4c M Wk June «

$1

Latest

1st

'I'olalall linen.

LeUmi Pal*,

"isoi.

•

54,741
.

Ur.tikP.Alud.. latwkj'ne

It is 2>ul>lished

Jait.l lo

1800.

I3M.'>7H

(icoryet'uA W'u Febiuary
77ie Investors' Supplement, a pamphlet of 150 page»,
contains extentled tables of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics concerning the income, ft tumcial status, etc., of each Compan;/.

MttiorUd,

1901.

•

Kin..

'

«35

170.041'
120,2-<2

28.424
36,000
10.1.50:
4,'271'

37,3921

90,700

342,609
6&,e03
321,405
14,781

152,313
2,169,120
3,933.166
l,73S.64»t

g0,494
3,502
249.401
216,794
83.357
199,173
953,870
21.083,474
326,022
188.434
1.484,839
6,006.105
4.71>0,5S6

10,706.630
15,003
77.838

453.972

121,6081
71.4341
910,644;

41,26li
23.193!
44,3-26;
1'29.027|

l.'>4.620

75,843
066,378
430,098
130.744
148.961
94.407

236,133
155.758
166,418

19,928
21,543
10,025
440.700
185.900

102.231
2,502.100

•2.348.00O

S63.600
386.190
307,788
393,394
42l.4.'.0
732.475
772.07OJ
43,708
53,110
53,627
61,078'
5.422,307
5,751.603
113,141
110.794
002.3.50

62,530:
SI. .500

82,400
126,300

923,024
415,236
3.-576,040

;

.12,400

11.370
225.675
20.783
2V,.556

409,930'
379.170;

86,72
1,007.716

673,i'2"4

307.456
7.487
20,479
51, 360

1,529,716, 1,551,642

301,664
86,501

1,334.001! 1,273.64*

32,904

36.801

505,339
568.073!
1.679,649 1,573.071
- 50(^.367
570.H04
12fa.040;
565,873
500,763'
104.709
251,094
•281.043;
27.043
114.390
194.747
25.(X)8
146.009
144.755
13.153
12.54a
15,059,
6.390
H0.4.''0
21,125
611,988
720,708
92.890
j

292,694

348,'.203

431,023, 1,835.460 1.070,723
61.ft*»
48,496'
16,161

THE CHRONICLE.

93H
LaUtl Eaniingt Reported.
S0.1DR.

Week or Mo

ao.Pac.Co.(Co)i)
lex. & N. Orl. April
Atlantic svs.c. April
Paoifle system April
Total of all.. April
So, Pao. RK.—
No. Div. (Cal.) April
Bo. DiT. (Cal.) April
Arizona Dlv.. April

.May

May
May
2dwkJ\uic

May
T0I.A.A.&N.M May

&CiD.. 2d wk June

T0I.& Ohio Cent. 2dwlr June
Tol.P. & West.. Istwk J'ne

2d wk June

Tol.&So.Haven. March
Ulster

&

189a

$

S

S

S

Del.... April

week of June.

Cleve. Cin. Chic.

581,032
571,369
2,016,036 1,961,205
660,729
649,738
341,195
347,679
23.787
26,176
216,724
237,291
6,097
1,915
5,188
360,080
101,843
508,566
372,784
360,953
100,036
721,031
201,879
881,348
78,046
78,849
17,363
115,330 2,835,784 2,954.626
17.008
16,635
3,470
419,-372
473,438
93,195
5,822
...
.
29,217
594,979
584,260
17,198
381,838
391,917
32,410
726.198
694,638
5.384
1,904
5.762
87,844
91,282
29,749

166,293
528,679
166,463
90,639
12.120
67,252
1,825
102,693
82,934
185,606
17,558
107,317
3.238
84,032
6,778
29,554
16,564
33,560
2.267
30,304

Stony CI. 4CMt.. April

Tol.8t.I..<feK.C.

let

1891.

1

Summit Branch. May

Tol. Col.

Date.

to Latest

1890.

589,058
120,0611 123,306
480,128
871,574! 961.660 4,043,417 3,942,268
2,871,753 2,888,908 10,574,910 9,573,698
3,743,327'3,850,568 14,618,327 13,544,111

NewMex.Dir. AprU
Bpar. Un. &Col February.
Stat*™ Isl. E. T. AprU
Lykens Valley
Tofl both Go's
Teun. Muiland..
Texas & Paoitie
Tex.S.Vai&N.W.

Jan. 1

1

1891.

182,376
540,299
181,963
107,562
11,850
64,127

[Vol.

&

St. L.

Peoria & Eastern
Colorado Midland
Detroit Bay C. & Alpena.

Detroit Gr. Hav. & Mil...
Flint & Pere Marquette.
Florida Central* Penin.
Grand Rapids & Indiana.
Cincinnati R. & Ft. W..

Other lines

Iowa Central
Jacksonville Southeast..

Kanav/ha * Mtchigan
Kansas City CI. & Spr.
Kan. City Ft.

S.

Kansas 0. .Mein. & Blrm.
Keokuk * Western
Little Rock & Memphis..
Louis. N. Alb.

&

Chic'

Mexican National
Mo. Kansas & Texas
Kansas City & Pacific.
Mobile & Birhiingham
. .

New York * New Eng
Ohio River
Rich.

& Danv. (8 roads).
& T. H. Brchee.

St, L. Alt.

dnion Pacifle—
Or.S.L.&U.N. April
Or.Ey.&N.Co. .4.pril
St.Jo.&G'dlsl. April
Un.Pac.D.&G. April
All oth. lines.. April
Tot.U.P.Sys. April
Cent.Br.&L.L. April
Tot. cont'led' April
Montana Un..l April
Leav.Top. &8.'April
Man. A1.& Bur. April
Joint.own'd, la' April
Grand total. April
C.B'kYds.&T.Co February..
Vermont Valley A.pril

629,105
433,752
70,892
388,078

2,423,019 2.084,522
1,663,841 1,007,278
23S.035
494,810
1,537,503 1,001.568
6,259.337 6,876,293
12,123,736 12,004,172
428.484
206,403
12,330,13f 12,192,956
270.098
303,336
9,949
9,53£
10,676
13,23t
145,361
163,057
12,493.197 12,638,317
-138.017
498,92i
55.329
52,685
5,453,417 5.556,489
14,209
15,699,
91,161
96,803
370,068
385,469;
314,901
455,120;
26,625
33,990
218,878
227,765
1,490,241 1,539,934
500.351
549.658
207,193
206,005
2,096,956 2,097.811
32,3831
29,807

704.201
355,229
119,180
404,748

1,717,040 1.964,371
3,238,867 3,547,729
60,012
91.241
3,298.879 3,638,970
46,984
80,460
3,127
2.092
3.751
1,923
26,931
42,238
3,325,810 3,681,207
235,890
199.033
14,446
15,192
l2d wk June
Wabash
235.00C
239,312
Wab. Chest. &W. IMarch
6,206
5,365
Wash. Eouthera.l April
30,01 S
24,87(
April
West Jersey
108,506 103,88:
W.V.Cen.&Pltts. May
97,679
75,406
8,09'!
West Vir.&Pitts. April
9,216
Western of Ala. May
34,377
36,23,
West.N.Y. & Pa.|2dwkJune
65,40(
73,30(
Wheeling* L.E. 2d wk June
28,92£
25,818
WU. Col. & All K. February
98,88;
99,38C
Wisconsin Cent 2d wk June
90,91;
100,975
WrightsT.&Ten lAprU
6,655
6,373
1

:

,

.

1

.

Toledo Peoria

& Western

Total (84 roads)
Net increase (2 12

o Whole system, including Iowa lines.
6 Includes In both
years Scioto Valley Diyislon, and Maryland <St Washington Division
(Shenandoah Valley.)
e Includes earnings from ferries, etc., not
jtveu separately.
1 Mexican currency.
d Includes Rome
Wat. & Ogd. since March 15, in 1891.

Latest Uross Eariiiug's by Weeks.— The
earnings in the foregoing table are separately

latest

weekly

sammed up as
follows:
Only 34 roads have as yet reported /or the second week of
June, and on these there is an increase in the aggregate of 3'79
per cent.
of June.

Buffalo Roch.

Chesapeake

&

1891.

& Pitts
Ohio

Ohlca/fo & East. Illinois.
CJhicago Mil. & St. Paul..

Oincmnatl Jack. & Mack.
Denver&Klo Grande...
Svansville & ludianap...
Evans. & Terre Haute...
Grand Trunk of Canada..
Iowa Central
Jacksonville Southeast
.

Evansv. & St. L.
Louisville N. O. & Texas.
Louisville St. L.& Texas.
Mexican Central
Iiouisv.

Mexican National
Milwaukee L. Sh. & VV est.
Milwaukee * Northern..
New York Out. & West.
Horfolk & Western
BTorthern Paoitlc

Peoria Dccatur&Evausv.
Pittsburg & Western
Bio Grande Western
St. Louis Southwebtem..
Texas & Paclhc
Toledo Col. & Cinn
Toledo & Ohio Central...
Toledo St. L. & Kan. City.

Wabash

Western N. Y. & Penn..
Wheeling* Lake Erie...
Wisconsin Central
Total (34 roads)
>et increase (2-79 p. c.).

m

56.997
374,000
150,749
69,400
496,619
12,062
158,000
6,639
21.020
338,556
29,174
21,708
29,456
53,393
7,362
125,543
82,015
81,374
32,107
57,117
196,972
436,377
13,684
57,453
50,000
57,494
107,347
6,778
29,554
33,560
•235,000

65,400
28,923
90,913
3,612,546

The final statement for the
cent gain on 84 roads.
\$tu!eek of June.

1891.

Frey'ly report'd 37road8)
Atch. Top. & S.F. system
EoadsJ'tly owned >s.
St. Louis & San Fran...
1

Roads

j'tly

owned

Burl. Cedar Ran.

*

1st

is.

Nor..
Chicago <t Grand Trunk..
Cin. N.O. AT. Pac. (5 roads)
Cleve. Akron A Col

1.952,684
601..'i64

32,124
106,322
31,327
61,802
58,788
136,271
18,045

Increate.

$
46,318
331,000
139,855
57.000
470,717
13,749
174,000
6,037
20.472
370,562
28,466
11,814
24.388
44,483

*
10,579
43,000
10.894
12,400
25,902

7,186
123,434
62,266
91,189
29,311
43.989
184,777
470.309
13,295
44,326
28.550
54,866
115,330
5,822
29,217
32,410
239,312
73,300
25,818
100,973

176
2 109
19,749

3,514,513

week

of

1,687

16,000

502
548
32,006

708
9.894
5,068
8.910

9,815
2,796
13,128
12,195

""3S9

337
1,150
4,312
7,900
3,105
"i

June shows

3.867,838
585,767
28,785
93,578
27,933
50,013
67,143
148,094
17,722

7,983

""956

221,700
98,003

1890.

33,932

13,127
21,450
2,628

Increate.

201,573
15,797

6,662

123,697
2-13 oer

Decreate.

116.727

3,3,39

10,744
3,594
11,789
8,355
11,823

323

269,530
25,468
40,648
10,822
17,906
54,044
20,403
46,701

36,810

946
"1,872
1,161
1.3041

"5,139
'5,i97|

"4,517

8,353
4,058
26,972
13,285

1,527

59
4,547
9,768

10,563
53,873
79,197
145.620
7,159
5,047
152.778
15,100
252.705
19,010
16,564

6,.562
6,478
87,495
18,339
5,731
8.629
52,303
60,237
145,160
5,777
4,147
122,087
14,660
225,675
20,479
17,198

6,360,229

6,228,020

6,011

Decrease,

"i',552

2,133
16,416
3,073

280
1,936
3,570
18,960

460
1.382
9001

30,69 li
4401

27,030
1,469

634
350,0231
132,209]

217,814

convenience of our readers all the roads making returns are
brought together here in the week in which we publish our
monthly article on net earnings say on or about the 20tli of
the month. A paragraph mark (If) added after the name
of a road indicates that the figures for that road have not previously been given, but appear for the first time in this issue.

—

-Orota Earnings.
1891.
1890.

Koads.

,

,

-yet Earnings.-

1891.

1890.

«

Alleghany V«lley.,TJApr.

195,723
212,187
104,374
80,565
Jan. 1 to Ajir. 30...
767,205
757,719
289,388
297,654
Atch. T. & S. Fe....Apr. 2,504,234 2,483,294
758,430
717,960
Jan. 1 to Apr. 30
9.390,289 9,243,431 2,567,431 2,876,058
July 1 to Apr. 30... 26, 460,202 24,245,433 7,745,421 8,490,815
R' ds J'tly ow'd(i2). Apr.
150,005
158,524
1,145
29,389
Jan. 1 to Apr. 30...
528,745
73,819
524,005 def.22,619
July 1 to Apr. 30. . 1,404,137 1,229,662 def.26,157
145,465
Total Atch. sys.. Apr.. 2,654.239 2,641,818
747,349
759,574
Jan. 1 to Apr. 30... 9,919,034 9,767,435 2,544.811 2,949,875
July 1 to Apr. 30... 27,86 4,336 25,475,095 7,719,260 8.636,280
St. L. & San Fran.. Apr.
507.850
194.851
152,918
463,458
Jan. 1 to Apr, 30... 1,973,510 1,881,443
739,581
771,218
July 1 to Apr. 30.
5,683,904 5,379,632 2,477,514 2,537,295
(
E'ds j'tly ow'd la) Apr.
146,566
156,516
3,197
38,628
Jan. 1 to Apr. 30..
517,357
513,693 def. 16.553
86.055
July I to Apr. 30... 1,373,641 1,200,621
def. 608
167,161
654.416
619,973
198,018
191,547
S. L. &S. F. Sys... Apr.
Jan. 1 to Apr. 30... 2,490,887 2,395,136
723,028
857,274
July 1 to Apr. 30... 7,057,544 6.580,253 2,476,907 2,704,457
Tot. both Systems.Apr. 3.308,655 3,261,793
957,623
938,896
Jan. 1 to Apr. 30... 12,409,901 12, 162, .571 3,267,811 3,807,149
July 1 to Apr. 30
34,921,831 32,053,350 10,196,172 11,340,739
Baltimore & OhioLines E.Ohio Ri v. H May. 1,471,813 1,530,497
431,671
454,727
Jan, 1 to May 31... 7,128,853 7,385,991 2,232,075 2,118,843
Oct. 1 to May 31. ..11,928,510 12,175.722 3,912,084 4,017,525
LlnesW.ofO. Riv.lFMay
453.584
493,521
73,639
70,082
Jan. 1 to May 31.. 2,197,200 2,320,195
332,298
336,883
Oct 1 to May 31... 3,648,166 3,773,387
583,279
718,931
Total system
ITMay 1,925,427 2,024,021
528,366
501,753
Jan. 1 to May 31... 9.326,053 9,606.186 2,388,958 2,451,141
Oct. 1 to May 31. ..15,576,676 13,949,109 4.495,363 4,738,476
Balt.&O.Southw .H Apr.
183,633
176,022
58,316
62,000
Jan. 1 to Apr. 30...
724,735
745,197
245,356
253,542
1
to
Apr.
30...
July
1,962,734 1,949,766
687,349
683,804
Bait. & Potomac
Apr.
33,454
146,954
143,722
43,466
Jan. 1 to Apr. 30...
117,664
541,344
531,820
142,376
Birm. * Atlantic. .UApr.
4,333
6,393
1,384
2,157
Jan. 1 to Apr. 30...
18.736
26,022
4,964
9,460
July 1 to Apr. 30...
57,749
59,028
19,395
23,373
Blr.Shcff.* Tenn.R. Moh.
12,337
16.386
3,441
5,217
18,046
Jan. 1 to Mch. 31...
42,097
49,090
13,536
246,302
68,908
Buff. Roch. *Pltt8..Apr.
169,248
84,458
218.323
203,725
Jan. 1 to Apr. 30...
836.473
582,397
July 1 to Apr. 30... 2,062,903 1,586,315
546,638
532,539
Burl. Ced. R. & No. r Apr.
14,949
254,267
206,688
61,266
271,672
Jan. 1 to Apr. 30... 1,077,423
963,730
322,454
Camden & Atlantic. 11 Apr.
54,334
4,764
51,520
3,568
Jan. 1 to Apr. 30. ..
172,898
168.244 def. 13,675 def. 16,406
440,162
Apr. 1,608,308 1,320,484
599,485
Canadian Pacific
Jan. 1 to Apr. 30... 5,822,06 J 4,534,823 1.763.071 1.207,294
13.948
16.217
42,578
CapeF.&Yad.Val.UMay.
41,485
93,201
89,413
213.984
Jan. 1 to May 31...
247.620
228,637
184,736
422,055
July 1 to May 31...
554,285
552,502
48,259 def.25.025
626,023
Central of Georgia. Apr.
489,733
568,412
Jan. 1 to Apr. 30... 2,923,954 2,781,162
July 1 to Apr. 30... 7,760,633 7,412,243 1,924.149 1,974,227
422,621
445,286
Cent. of New Jersey. Apr. 1,034,950 1,079,709
,351,966
Jan. 1 to Apr. 30... 4,108,775 3,701,992 1,630,237
443,039
613,436
Apr. 1.340,293 1,301,014
Central PaclHc
780,879
I
Jan. 1 to Apr. 30.
4,794,084 4,144,213 2,066,602
3,188
2,289
7,711
8,947
I Chatt'nooga Union. H Apr.
9,804
8,359
Jan. 1 to Apr. 30...
30,364
32,490
I
378
def.112
6.464
5.808
Cberaw & Darl'gt'nlF Apr.
I
'
7,833
34,794
17 765
41 .394
Jan. 1 to Apr. 30...
.

1890.

232,720
26,414
38.776
9,661
19,210
48,905
25,600
42,184
6,826
3,999
22,425
23,053
5,010
4,315
71,079
15,266

Increase.

Net Earniugs Monthly to Latest Bates.— Tlie following
shows the gross and net earnings to latest dates of all railroads
fcirnishing monthly statements. The compilation includes
every road from which we can get returns of this character,
and in that form is given once a month. Early returns are
published from week to week, as soon as issued, but for the

.

Hieefc

1890.

p.o.)

j

1

1

2d

. .

& Mem.

1891.

LIl.

.

JUNR

20,

THE CHRONICLE.

1891.]

——

Oro$$ Eamlngi.
1801.
1800.

.

Roadt.
Chesftpeiikf

Jan.
July

1

$

f!70.407
ift Ohio
Ai>r.
to Apr. :i()
2.(il3,M05
to Apr. 30... 6,T2j.422
.

1

$

.

170,053
Ohes. O. & Soutliw.HApr.
J,tn. 1 to Apr. 30...
737,362
Ohlo.Biirl.&QHlney.Apr. 2,481.668
Jftn. 1 to Apr. 30... 0.541.681
Ohio. Mil. .(rSt. Paul. Apr. 2.105..'>60
Jau. 1 to Apr. 30... 8,002,ti42
July 1 to Apr. 30... 23.259,062
143,.')34
Ohlc. & West Mich. Apr.
Jan. 1 to Apr. 30.
511.615
.

. . .

Jan. 1 to Apr. 30...

&

Kint

Pere Marq.Apr.

Jan. 1 to Apr. 30...
I'lB.Cent.

&Penin.1IApr.

Jan. 1 to Apr. 30...
1 to Apr. 30...

July
Oeoriria

BR

HApr.

Jan. 1 to Apr. 30...
July 1 to Apr. 30...

Oa.8outh'n&Fl».1[Apr.
Jan. 1 to Apr. 30...

JiUy 1 to 'Apr. 30...

«kand Rap. Alnd. HApr.
Jan. 1 to Apr. 30...
Total system.... HApr.
Jan. 1 to Apr. 30...

Gr-ndTr'kof Can.UApr.
Jan. 1 to Apr. 30...
Chic. & Grand Tr.ir Apr.
Jan. 1 to Apr. 30...

Det

Or.

Jan.

H.&MU.TTApr.
1 to. Apr 30 ..

52.763
49,957
184,281
206,935
274,325
259.469
1,026,564 1,019,160
94,212
126,185
425,691
516,530
985,775
1,117,682
116.828
138,778
607,543
674,717
1,661,023 1,459,700
54,392
50,974
246,747
203,970
418,964
673,683

197,381
728,242
2.53,650

941,861
a
311.251
1,191.117
64,031
258,131
19,220
73,467

8

•
109,035
435,432

594,402
160,140
2,361,909
054,702
5,915,911 1,881,172 1,627,413
138,160
38,338
48,086
621,687
212,444
218,392
2,742,084
010,489
813,315
11,209,650 3,043,299 3,828,871
1,998,906
596,145
530,331
7,664,277 2,280,765 2,177,6^2
J2,.l5.'i. 578
7,910,6^3 8,098,275
139,048
52,308
56.390
474,385
148,008
162,.'V6.)

—

BlginJolict&E...irApr.

ye< Barmngt.—-.
1801.
1800.

«

Cln.N.O.&Tex. Pact Apr.
343..122
353,400
Jan. 1 to Apr. 30... 1.37,->.!t75 1,361,286
July 1 to Apr. 30... 3,703,717 3,."i50,310
130,099
Ala. Ot. South.. .H Apr.
140,935
612.800
Jan. 1 Ui Apr. 30...
622.587
July 1 to Apr. 30... 1.618.224 1.619.413
HewOrl.&N'piwtllApr.
87.256
109.961
Jan. 1 to Apr. 30...
372.938
397.945
July 1 to Apr. 30...
966,382
970,481
Alabama ,&Vlck8.1I Apr.
45.503
50,390
Jau. 1 to Apr. 30...
208,079
221,062
503.352
July 1 to Apr. 30...
567.690
Ticks. Bh.&Pao H Apr.
42,441
33.273
204,542
Jan. 1 to Apr. 30...
197,103
July 1 to Apr. 30...
559,033
565,970
80.676
caer. Akron* Col. U Apr.
70.230
289,318
253,750
Jan. 1 to Apr. 3u...
746.681
July 1 to Apr. 30...
649.917
Cneverd & Canton.. Apr.
54,506
41.935
176,421
Jan. 1 to Apr. 30...
147,241
511,060
July 1 to Apr. 30...
400,370
0Iev.Cln.Ch.&8t.L.Apr. 1,044.426 1.046.593
Jan. 1 to- Apr. 30... 4,168,893 4,031,107
July 1 to Apr. 30... 11.081, 219 10.719.200
125.671
114.672
Peo. & East, Ulv.HApr.
Jan. 1 to Apr. 30...
492.611
498,014
31.026
27.232
Clevc. & Marietta. 1 Apr.
115,289
Jan. 1 to Apr. 30...
81,695
July 1 to Apr. 30...
307,980
223,082
169,703
Colorado Midland.. Apr.
158,764
Jan. 1 to Apr. 30...
644,039
574,144
July 1 to Apr. 30... 1,621,450 1,382,219
Colorado Fuel Co... Mch
Jan. 1 to Mch. 31
July 1 to Mch. 31
Ool.Hock.Val.&Tol...Mch.
226,440
212,744
613.903
543,171
Jan. 1 to Mch. 31...
€toTlngfn<fcMao'n...Mch.
11,050
11,852
36.293
38.222
Jan. 1 to Mch. 31...
656,9.36
636,493
Denv. & R. Grandelf Apr.
Jan. 1 to Apr. 30... 2,469,981 2,377,696
16,209
18,235
DesMoln's&Norw.H Apr.
Jan. 1 to Apr. 30...
62.949
69.155
38.011
32,576
Det. BayCitv&Al.Apr.
175,397
159,123
Jan. 1 to Apr. 30...
100,526
105,193
Det. Lans. & North. Apr.
368,687
367,258
Jan. 1 to Apr. 30...
534,459
524,643
JC. Tenn.Va. &Ga....Mch
Jan. 1 to Mch.. 31... 1,670.177 1,661.586
July 1 to Mch. 31... 5,270,005 4,889.656
49,501
63,272
Knoxv. AOhio.. Mch.
149,639
189,647
Jau. 1 to .Mch. 31...
452. 145
July 1 to Mch. 31
570,614
538,761
550,216
Total system.... IT Apr.
Jan. 1 to Apr. 30... 2,410,040 2,349,986
July 1 to Apr. 30... 6,390,835 5,880,561

219,501
796,290
279,433
1,009,498

o
335.951
1,233,736
66,953
253,019
19,913
70,900

9

11.5.373
113.102
418.902
416,618
1,170,340 1,313,688
40,026
27,809
218,173
178.400
538,003
563,066
24.000
31,000
94,000
107,000
231,000
270,000
5,000
8,000
45,000
54,000
150,000
165,000
5.000 def. 12,000
60,000
19,000
157,000
138,000
22,278
18.947
69,196
61,189
196,917
169,221
19,673
14,358
57.636
42,907
183.214
133.072
354. S15
353,923
1,305,654 1.338,015
3,509,759 3,728,595
15,196
37,118
91,815
131,493
8,947
8,003
29,954
18,433
77,327
45,978
42.821
50,.502
167,142
174,673
504,803
435,576
25,114
22,458
76,874
65,705
235,649
229,228
107,038
98,517
250,523
221,796

554

800

5,217
7,144
212.117
252,123
665,953
873,495
6.095
6.967
26,149
23,887
8,605
13,372
66.633
85,022
26,752
33,675
92.299
97.910
190,147
193,002
618,946
637,963
1,743/742 2.006,855
32,767
20,389
58.113
98,630
217,106
165.382
133.182
187,373
901,949
829,258
2,148,221 2,305,419

20,077
76,769
76,390
264.469
35,500
158,162
280,043
41,138
241,323
625,257
14,889
64,527
216,175

19.575
75,626
75,589
295.702
15,351
103,720
211,758

62,722
200,798
82,076
271,307

78,264
255,340
111,392
334.812

«
91,305
279,256
14,878
62,131
4,294
12,411

S

11,351

172,693
434,472
19,100
77,676
173,890

*
106,203
313,522
16,717
59,415
4,494
11,096

S

169
def. 22
2,933
3,256
Chicago... IT Apr.
2,662
15.091 def.1,431
12,159
Jan. 1 to Apr. 30...
275,124
l.,308,898
278.457
UMay.
1.358,949
Central*...
nilnols
Jan. 1 to May 31... 7.085,767 6,472,617 1,660,475 1,510,176
July 1 to May 31... 16,327.511 15,328,763 4,691,138 5,064,363
11,058
31,458
39,832
3,458
Ind. Dec. AQuiucy HApr.
30.222
33,203
141,414
137,458
Jan. 1 to Apr. 30...
96,328
367,574
111,810
399,218
30...
Apr.
July 1 to
110,099
20,235
127.784
33,648
Apr.
Iowa Central
50S,38l
155,004
179,577
533,868
Jan. 1 to Apr. 30...
391,203
477,890
July 1 to Apr. 30... 1,191.931 1,303,203
36,153
18,336
75,470
54,106
W....Apr.
Jaclt.Tam.&K.
97.2."3
174.511
275,705
348,523
Jan. 1 to Apr. 30...
549,443
220,116
128,154
604,292
30...
July 1 to Apr.
23.530
6,955
29.385
Kanawha & Mich. HApr.
16,743
88,569
101,217
Jan. 1 to Apr. 30...
81,451
296.136
218,213
30...
Apr.
July 1 to
84,315
383,931
371,314
100.663
Kan.C.Ft.S.&Mem. Apr.
418.696
394.919
Jan. 1 to Apr. 30... 1,.528.603 1,565.195
1,318,232
4,000,244
4,151,838
1,113,973
30...
July 1 to Apr.

QnU &

987
r^—Orou Kamtngi.
1891.

IgOO.

ITitt

Caminat

1891.

,

fgflO.

Jtoarf*.

Keokuk A Weiifn.TIApr.
Jan.

32,030

24,306

Apr. 30...
135,317
113.462
Krie All. & 8outh.11 Apr.
6.713
5,534
J>D. 1 to Apr. 30...
23,483
20,504
Lake. B. A West'm H Apr.
2,30,052
233.373
Jan. 1 to Apr. 80...
9(0.954
I.eh. Allud. Rlver.U Apr.
29.613
29,125
Jan. 1 to Apr. 3i)...
130,923
103,718
July 1 to Apr. 30...
309,456
253,40(»
Loulsv. A Maiihvlllo. Apr. 1.607.048 1,478.01)7
Jan. 1 to Apr. 30... 6,179,383 0,081.357
July 1 to Apr. 30... 16.213,758 15,783.514
Louli. N. A. 4 Cblc.H Apr.
209,612
200,644
Jan. 1 to Apr. 30...
810.360
735,378
LoulsT. N.O. A Ter. Apr.
268,273
90,866
Jan. 1 to Apr. 30... 1.249,403
910,664
1

to

I,.

.

L A Tez.HApr.
38,114
32,340
Jan. 1 to Apr. 30...
132,309
112,008
Mem.dt Chnrleiiton.H Apr.
120,760
140,807
Jan. 1 to Apr. 30...
643,909
593,887
July 1 to Apr. 30... 1,528,023 1,512,311
Mexican Central
Apr.
691,846
616,264
Jan. 1 to Apr. 30... 2,271,754 2,245,21
.Mexican National. .. Apr.
340,488
315,760
Jan. 1 to Apr. 30... 1,393,985 1,278,976
Mil. 4 Northern... HApr.
138,591
134.630
Jan. 1 to Apr. 30...
518,329 • 469,289
July 1 to Apr. 30 .. 1,368,441 1,158,980
Minn. * St. Louis. .HApr.
117,355
109,633
Jan. 1 to Apr. So...
478,571
445,808
July 1 to Apr. 30... 1,338,850 1,302.365
•Mlnn.StP.&S.S. M.H Apr.
175,331
147,412
Jan. 1 to Apr. 30...
631.442
636,494
.Vash.Chatt.* 8t. L.H May.
305,378
298,050
Ixiula. St.

.

.

1 to May
31..
1,561.946 1,434,277
July 1 to May 31... 3,636.944 3,275,102
N. Orleans & Gulf .H Apr.
14,572
12,665
Jan. 1 to Apr. 30...
86,470
49,874
.S.T. L.E. & Western. Apr. 2,234.032 2,345,757
Jan. 1 to Aur. 30... 8.751,991 8,800.517
Oct. 1 to Apr. 30... 16,356,792 16,272.551
X.Y. & Northern. HApr.
37.814
48,899
Jan. I to Apr. 30...
139,811
170.609
July 1 to Ai)r. 30...
388,832
479,131
N. y. Ont. & West'n. Apr.
228.080
174,693
Jan. 1 to Apr. 30...
870,113
653,038
July 1 to Apr. 30... 2.29J.878 1,818.747
N. Y. 8US.& We.^t'nHApr.
126.933
122,095
Jan. 1 to Apr. 30...
451,858
415,236
N'orfolk & Western. Apr.
763.277
692,636
1
to
Apr.
30...
2,810,540
Jan.
2,573,881
Central...
Apr.
542.979
Northern
556,916
Jau. 1 to Apr. 30... 2,049,426 2,169,120

Jan.

.
.

.

.

.

.

.

.

Apr. 1,905,261 1,923.073
Northern Pacific
Jan. 1 to Apr. 30... 6.905.327 6,059.962
1
July
to Apr. 30....21,35^,941 18,715,328
Wi8c:)ns'n Cent'l.H Apr.
401,618
391.307
.

.

Jan. 1 to Apr. 30...
Tot. bothCo.'s.lTApr..
Jan. 1 to Apr. 30....
Ohio & Mississippi ... Apr.•.
Jan. 1 to Apr. 30..
July 1 to Apr. 30.. .

l,Sl)9,4l6 1,445.383
2,309,879 2,317,280
8,414.743 7,505,314
309,242
314,630
1,291.816 1,292.494
3.471.344 3,516,781
Apr.
48,532
Ohio River
47,499
Jan. 1 to Apr. 30...
183.089
178,517
Oregon Imp. Co.. ..Mch
303,250
368,311
Jan. 1 to Mch. 31..
919,988
953,870
.

.

.

12,320
56,140
2,207
4.013
90,378
408,368

3.568
40,73«
1,000
3,404
86.030
368.389
11,381
12,654
39,830
37,90«
lOH.lIl
102.I33
473,4it
406,548
2.214, 167 2.241.110
6,OI»7.033 6,200,340
36,190
40,038
141,816
147,406
40,336 lef.28.400
291,525
160.464
10,008
I4..308
55,713
4S.461
29,933
31,10S
145,608
150.700
468,630
506,380
222,442
161,871
868,631
778,637
87,482
66,382
378,428
343.870
64.401
66.284
190,634
167,537
636,673
410,607
32,653
13.309
184.793
136,264
491,173
464,201
61,167
43,055
211,160
169,660
128,876
107,405
605.941
534,524
1,478,151 1,293.168
1,047
738
884
3.20S
734,057
779.513
2,808,857 2.806.257
5,376.713 5.531.607
4.449
8.820
13,370
21,056
67.220
86.103
48,338
32.068
148,899
104.866
517,937
350.193
53,137
49.360
181.169
158,425
258.282
210.29O
843,518
776,344
187,420
155.344
595,840
623.032

749.534
823.779
2,403,467 2.200,573
8.932,219 8,075,421
153.039
178,744
503.330
488.124
904,622 1.002.523
2,968.796 2,688,696
92.492
77.766
341.015
326.198
974.914 1.127,210
13,394
18,800
54,889
68.021
40,179
40.746
136,891
49,425

Penn.(ea8tofP.&E.).Apr. 5,379,003 5.619,357 1,608,534 1,687,771
Jan. 1 to Ajjr. 30. ..20,649,504 21,083,474 5,932,148 6,036.219
Dec. 85,723
Inc. 330,715
Lines w'stotP.&E. Apr.
'Inc. 26.201
Jan. 1 to Apr. 30...
Dec. 9 47,09
Petersburg
52,994
51,605
24.326
21,120
H Apr.
Jan. 1 to Apr. 30...
191.278
188,454
73.708
75,916
4D3.441
437,964
164.831
July 1 to Apr. 30...
151,357
386,533
475,047
156,867
191.583
Philadelphia & Erie. Apr.
466,252
Jan. 1 to Apr. 30... 1,370,061 1,484,839
455.673

686,455
A. Reading
Apr. 1,610,326 1,676,996
680.395
Jan. 1 to Apr. 30... 6,344.733 6,066,1(15 2,590.290 2,285,:142
Deo. 1 to Apr. 30... 8.030.844 7.721.017 3,289.938 2,960,811
Apr. 1,305,696 1.395.577 def. 80,464 def. 5.5,52 J
Coalifc Iron Co
Jan. 1 to Apr. 30... 5,230,066 4. 700.526 df .320.988 df .246.29 >
Dec. 1 to Apr. 30... 6,85i,413 6,075,122 df.311,120 df.274,77S
624.875
603.991
Total both Co.'s
Apr. 2,916,023 3.072.573
Jan. 1 to Apr. 30... 11,594.801 10.766,630 3.269.302 2.030.051
Dec. 1 to Apr. 30. . 14,887,288 13,796.169 2.978.819 2.676,068
Dec. 21.895
Dee. 131,371
PitU. C.C. 4 8t. L.HMay.
Dec. 53.232
Dec. 530, /28
Jan. 1 to May 31...
710
3,538
3.251
321
Pitts. Mar * Chic. HApr.
14,151
11.769
2.715
631
Jan. 1 to Apr. 30...
22.017
19,716
Apr.
7,9<-K)
7,441
Pitts. 8hen. & L.E.H
84,161
77,838
28,263
31.813
Jan. 1 to Apr. 30...
Phlla.

Pittsburg & West'n. Apr.
jBn.'l to Apr. 30...
Pitts. Cleve. & Tol . Apr
Jan. 1 to Apr. 30...
Pitts. Paines. & P.Apr.
Jan. 1 to Apr. 30...
Apr.
Total system
Jan. 1 to Apr. 30...
Pitts. Yo'ng8.4 Ash.H Apr.
Jan. 1 to Apr. 30
Qulu. OmahaJ[K.O.H Apr.
Jan. 1 to Apr. 30..

108.509
424.752
28.938
121,608
12.326
71,134
149,773
617,794
70,851
236,133
19,306
81.824
30.437
Rioh. iPetersb'g.H Apr
1 10,794
Jan. 1 to Apr. 30..
287,214
July 1 to Apr. 30..
193.730
Rio Grande West'n Apr.
719.816
Jan. 1 to Apr. :io .
July 1 to Apr. 30 . 1,919.169
8,100
Sag. Tus. 4 H»ron.H Apr.
28,956
Jan. 1 to Apr. 30...
. .

.

121,317
28.699
453.972
152,119
41.261 def.3,595
164.620 def. 1,837
23,193 def.7,463
def. 801
75.843
185.771
17.639
681.437
149,481
129.027
23,5.39
60.015
430.998
4.540
19.897
24.693
75.382
29.783
1.717
113.141
10.845
60.536
262,069
66,470
131,006
331.30-2
467.614
743,012
1.303.403
7.393
3,118
35.417
6,666

63.067
198.341
9.657
33.218
6,934
16,562
70,548
247.121
57.2-27

163,044
4.023
18.711

'

12,464
38.345
80,615
31,102
110,26»
447.543
1,408
6.184

THE CHRONJ(

938
gross Earnings
1890.
1891.

.

Roags.
et L.A..&r.H.belis'IApr.
Jan. 1 to Apr. 30...
St.

Paul&DuliitU-U.Apr.
Jan. 1 to Apr. 30...
July 1 to Apr. 30...

&No. PacMay.
Jan. 1 to May 31...
July 1 to May 31...
Sav. Am. i Mont...Apr.
S.Fr.in.

$

S

,

.

}fet

EanUnas.

.

1891.

1890.

$

S
43,590
107,934
31,544
97,545
373,460
10,133
30,714
192,909

35,530
97,662
106,463
171,356
383,091
446,263
33,586
114,952
105,912
110,940
383,227
409,263
463,261
1,283,066 1,173,334
31,111
70,297
75,910
66,085
251,094
284,044
674,397
249,556
751,443
13,914
22,778
37,432
62,370
8i>,332
158.747
182,121
183,626
418,35J
4,271
6,390 def.12,000
12,542
15,059
21,425
16,054
37,392
60,656
140.450
16,791
84,188
112,763
193,003
518,689
621,273
547,251
1,491,580 1,216,139

7,822
41,960
90.018
1,498

Jan. 1 to Apr. 30...
July 1 to Apr. 30...
TIApr.
SUverton
Jan. 1 to Apr. 30...
7,918
Sioux Citv&NortU.TI Apr.
Jan. 1 to Apr. 30...
7.639
Carolina....
U
Apr.
South
200,284
Jan. 1 to Apr. 30...
397,182
30...
July 1 to Apr.
Southern Pacitle Co.—
32.209
301,664
56,929
342,699
Gai. Har.&S.Ant. Apr.
213.651
197,745
Jan. 1 to Apr. 30... 1,334,901 1,273,614
41,756
23,667
65,903
86,501
Louisiana West'n. Apr.
180,365
292,694
348,293
89,529
Jan. 1 to Apr. 30...
140.510
434,033aef.
11,520
321,495
Morgan's La. &Tex. Apr.
468,560
462,107
Jan. 1 to Apr. 30... 1,855,460 1,679,723
419
3,594
16,161
14,781
W.Y.Tex. A Mex.. Apr.
det.
18,396
51,549 def.9,3S4
48,'ra6
Jan. 1 to Apr. 30...
41.532
43,635
123,303
120,061
Ter.&NewOrl'as. Apr.
233.163
168,723
430,128
589,058
Jan. 1 to Apr. 30...
25;),4«5
116,563
871,574
961,660
Atlantic system... Apr.
895,690 1,076,85?
Jan. 1 to Apr. 30... 4,013,417 3,942,268
960.765
Pacific system.... Apr. 2,871,753 2,888,908 1,126,809
Jan. 1 to Apr. 30... 10,574.9 10 9,573,698 3,847,515 2,093,009
Total of all
Apr. 3,743,327 3,850,568 1.243,372 1,220.230
Jan. 1 to Apr. 30.. .14,618,327 13,544,111 4.743,205 3,170,636
79,403
82,056
166,293
182,376
Coast Division...!; Apr.
191,537
571.369
581,032
209,818
Jan. 1 to Apr. 30...
144,337
540,289
170,554
528,679
SoutU'n Diyi.sion.1I Apr.
463,022
653,830
Jan. 1 to Ai>r. 30... 2,016,036 1,931,205
67.342
37,326
181,963
Arizona Division.^ Apr.
166,463
223.694
173,152
619,738
680,729
Jan. 1 to Apr. 30...
53.983
107,562
41.015
90,639
New Mexico Div.TI Apr.
135,773
347.079
148,979
Jan. 1 to Apr. 30...
341,195
11,703
64,127
13,336
67,252
Ststea I. Rapid Tr.lTApr.
22,165
J.-in. 1 to Apr. 30...
237,291
216,724
28,248
208,903
819,673
738,311
255,129
July 1 to Apr. 30...
1,825
1,915 dcf.4.178 def.3,554
Stony Clove &C.M.1I Apr.
5,188
6,097 def.7,296 def. 4,910
Jan. 1 to Apr. 30...
4,312 def. 7.134
102,673
101,843
Summit BrancliH... May.
40,412 def-41,745
360,080
Jan. 1 to May 31...
508,586
4,717
100,036 def.4,178
82,934
Lykens Valley1T...May.
372,784
360,953 det. 7,296 def. 9,726
Jan. 1 to May 31...
201,879
134 rtof. 2,417
Total both Co'sV.. May.
185,606
881,348
721.031
33,117 def. 51, 469
Jan. 1 to May 31...
83,100
69,200
Tenn.Coal&I'nCo.lMay
31.'
263,900
425,800
1
to
May
Jan.
462
Miai'il..';
Apr.
14,839
13,931
2,311
Tennessee
11,856
61,486
13,863
Jan. I to Apr. 30...
60,488
171,416
56,875
48,613
183,925
July 1 to Apr. 30...
29,972
100,160
30,572
92,103
Tol. A. A. &S. .M..TApr.
380,241
134.112
136,837
Jan. 1 to Apr. 30...
335,310
10,372
15,019
29.489
28,281
Toledo Col. &Cin.. IT Apr.
41,610
107.072
98,250
46,830
Jan. 1 to Apr. 30...
241,416
99,610
118,744
July 1 to Apr. 30...
267,973
121,499
43,843
131.612
55,658
Toledo* OhioCent.r Apr.
405,624
153,501
445,753
171,591
Jan. 1 to Apr. 30...
438,398
July 1 to Apr. 30... 1,286,071 1,135,428
479,752
75,651
18.681
Tol.Poorla&We3t..«|Apr.
73,625
17,943
298,452
Jan. I to Apr. 30...
288,368
70,978
69,948
778,886
790,076
205,597
July 1 to Apr. 30...
188,952
30,301
29,749
13,209
11,336
Ulster & Delaware 1i. Apr.
Jan. 1 to Apr. 30...
87,345
30,150
91,282
27,737
UBlon Pacific—
629,105
701,201
235,487
Oreg. 8.L. &U. N. Apr.
282,800
947,976
Jan. 1 to Apr. 30... 2,423,019 2,084,522
567,852
Ore.Ey.&N. Co...Apr.
433,752
355,229
90,784
def. 666
Jan. 1 to Apr. 30... 1,365,841 1,007,278
431,053 dt. 168,320
Un.Pao.D.&Gulf.Apr.
338,078
404,748
63,053
115,322
Jan. 1 to Apr. 30... 1,537,503 1,601,563
235,407
410,976
119.131
17,337
70.892
46,825
St. Jos. AGd.Isi TIApr.
Jan. 1 to Apr. 30...
233,035
494,810
47,011
203,920
507.273
All other lines ..r Apr. 1,717,010 1,954,371
576,827
Jan. 1 to Apr. 30... <;,259,337 6,876,293 1,943,388 2,032,758
Total Svstem
Apr. 3,23^.867 3,547,729
913,934 1,021,107
Jan. 1 to Apr. 30... 12,123,736 12,064.472 3,609,836 3,078,634
Cent.Br.&Le.is.L.TIApr.
60,012
91,241
8,929
20,531
Jan. 1 to Apr. 30...
206,403
428,484
8,889
169,228
Total controlled. 11 Apr. 3,298,879 3,038,970
922,863 1,041.638
Jan. 1 to Apr. 30... 12,330,139 12,492,956 3,618,725 3,247,912
Montana Union. ..UApr.
46,984
80,460
8,216 det. 3,846
Jan. 1 to Apr. 30...
30.183 def. 97,702
30»,333
270,093
Leav.Top. &8.\V."'Apr.
3,127
2,092 def-1,942 def. 4,746
Jan. 1 to Apr. 30...
9,539
9,949 def .9,486 def. 12,417
Man.Alma& Bur. UApr.
3,751
1,923 def.2,163 def. 4,898
Jan. 1 to Apr. 30...
13,233
10,676 def. 2,618 def.3,193

Roads Jointlyowned—
One-half
UApr.
26,931
42,238
2,055 def. 6,745
Jan. 1 to Apr. 30...
163,057
145,331
9,026 def. 56,671
Grand total
Apr. 3,325,810 3,681,207
924,918 1,031,893
Jan. 1 to Apr. 30. ..12,193,197 12.638,317 3,627,751 3,191,241
Wabash
Apr.
995,138 1,000,316
236,742
19«,271
Jan. 1 to Apr. 30... 3,957,958 4,165,412
938.038 1.1)32,131
July 1 to Apr. 30. ..10,912,329 11,433,099 2,956,032 3,320,050
Wash'gfn South'nU. Apr.
30,013
24,878
12,487
3,021
Jan. 1 to Apr. 30...
96,303
91,161
30,621 dct.2,416
West Jersey
UApr.
108,506
103,881
31,203
36,175
Jan. 1 to Apr. 30...
385,469
370,063
61,239
78,527
W.Va.Cent.A Pitts. .Apr.
95,048
72,091
30,990
22.107
Jan. 1 to Apr. 30...
357,441
269,493
119,873
90,077
West. N. Y. &Peun. Apr.
268,475
307,541
78,302
109,453
Jan. 1 to Apr. 30... 1,077,211 1,100,464
307,761
363,636
July 1 to Apr. 30... 2,964,196 3,039,674
925,452
812,940

LE.

[Vol. Lll.

^—

Gross Burnings.
1891.
1890.
Soads.
$
$
Wheel. & Lalce ErieK Apr.
111,799
96,125
Jan. 1 to Apr. 30...
389,014
3.52,218
July 1 to Apr. 30... 1,001,197
842,346
Whltebr'st FuelCo.1i.Apr
Jan. 1 to Apr. 30
July 1 to Apr. 30
Wrights. & Tenn'le.ir Apr.
6,655
6,373
Jan. 1 to Apr. 30...
32,383
29,807
July 1 to Apr. 30...
82,249
74,650

,

A'e(

.

3

Earnings.
1890.

,

891.

$
46,854
141,899
388,817
15,247
50,725
133,053
1,459
13.468
26,968

$
38,434
139,862
336,905
13,356
61,174
128,457
2,753
13,555
32,616

U A paragraph mark added after the name of a road indicates that
the fij?ures for that road have not previously beeu given, but appear
for the first time in this issue.
*

Whole system, including Iowa

lines.

—

Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
^Inter't, rental), ttc.-^ ^Bal. of iV'c«. Earnf.s
Roadf.

Grand Rapids &Ind. Apr.
Jan. 1 to Apr. 30...
Apr.
Total system
Jan. 1 to Apr. 30...

Nash.Chatt.&St.L.rMav.
July 1 to May 31...
San Fran. & N.Pac. May.
July 1 to May 31...

Tcnn.Coal&I'nCo.May.
Jan. 1 to

May

31...

1891.

1890.

1891.

$

$

$

72.737
299,931
90,363
367,431
86.868
976,524
17.292
190,382
36,000
180,000

1890.

9

3.777
74,487 def.10,015
276,348 def.93,933 def. 20,809
99,572 def. 8,287
11,820
34.5,684 def. 96,122 def. 10,872
76,970
30,524
42,008
872,432
501,627
420,736
17,400
13.819
1.733
185,379
59,174
7,530
36,000
33,200
50.100
179,000
83,900
246,800

ANNUAL REPORTS.
Pittsburg Fort M'ayne & Chicago Kailway.
C For the year ending December Zl, 1890.
This is the most prominent of the Western leased lines of
the Pennsylvania system. The annual report is mainly statistical, and a summary of figures in comparison with the
previous year is prepared for the Chronicle in the statement
below:
EARNrNGS .VND EXPEK8GS.
1889.

Earnings—

*

•

10,862,899

12,020,934

2,721,838
1,876,311
974.848
946,857
458,999

3,296,710
2,150.885
1,088.185
953,084

6,978,855
3,884,045
17,6i6

7,959,834
4,061,100
13,148

3,901,661

4,074,248

Express, &c
Total

M..tive

power

Maintenance of way
Maintenance of cars
General expensss
Total expenses

Neteamings
Net gain from oper. Newcastle

& Beaver V. RR.

Total net income

The Pennsylvania Co.,
ments during the year:

lessee,

has

$
8.434,588
2,812,448
773,898

Passengers

Exprnses —
Conducting transportation

18S0.

7.443,913
2,712,761
708,225

Freight

made

470,990

the following pay1889

1390

1,380,000
847,742
728,700
140,000
19,000

1,330,000
866,350

Profit

Net earnings as above
on Newcastle & Beaver Valley

3,115,442
3,884,045
17,616

3,134,050
4,061,100
13,148

Total net earnings
Paid as above for rental
Paid to sinking fund

3,901,661
3,115,442
104,100

4,074,248
3,134,050
104,100

3,219,542

3,238,150
836,093

Dividends on regular stock
Dividends on speciiil stock
interest on first and second mortgage bonds..
Interest on third mortgage bonds

Miscellaneous
Total

Profit to lessee

682,119

728,700
140,000
19,000

GENERAL INVESTMENT NEWS.
Brooklyn City (Street) RB.— The N. Y. Tribune says: "la
April the stockholders of the Brooklyn City Railroad Coinpany, by a majority vote, authorized the issue of $6,000,000 in
mortgage bonds. It has been discovered that by a law enacted
by the last Legislature the consent of two-thirds of the stockholders of any conipany, duly acknowledged in writing is
necessary to authorize such an issue. The officers of the company have written to all the stockholders, and expect speedily
to secure all the consents needed."
Called Bonds.—The following bonds have been called for

payment:

Chicago Bchlinqton & Quincy.— Burlington & Missouri
River Railroad Company in Nebraska, non-exempt 6 per cent
bonds, due July 1, 1918, to be paid at the office of the NewEngland Trust Company, No. ».5 Devonshire Street, Boston,
on the first day of July, 1891, with accrued interest to that
date; 16 bonds for §600 each, viz.:
Nos. 1,008, 1,251, 1,432, 1,535, 1,620, 1.637, 1,692,
2,101, 2,118, 2,219, 2,289, 2,383, 2,397, 2,455.i

1,958, 1,99»

June

And

THE CHRONICLE'

30, 1891.]

75 I)on(U for <1,000 each, viz.

No8. 4.4.^1. 4,1»1, 4,742, 4,740, 4,932, 4,0S3, B.SSq. 6,400, 8,43'',
,•5,4.11,

e,401l,

.1,4.1!!,
(I.ri:t3.

.'>,.1ta,
(I.iiilll,

5,8.10, 5,MI»6, .I.HIIT, .l.ft.lH, «,();m,
8,Sltt, (1,1117, (l.tl.lH, 7,(IJ0. 7,2ll(),

»l,

I

111,

7,.f().1,

(I

207

7,.13J

7,570, 7,70.1, 7,71 1, 7,!t2l, 7,i»87, 8,0^i>, h.ImK, S.IKO, S,2:J7, H niH
8,547, H.tV.ii. M,712. B,720, 8,l»77, 8,»1).1, 9,10<), U,14!t, (»,278, U,:tUl'
0.:J8», !>,:)i)7, !»,U!), 0,421. 9,473, 0,.128, »,fl«0, !).x(>2, !t,S08, 11,1174
9,!»78, lt),l()S, 10,318, IO,:itiO, 10,9,19, 10,.1(19, 10,7.17, 10,7(! I, lO.MIl
10,884, 10,010, H).UU2, 11,103. 11,10(1, U,2ie, 11,239.

CmcAQO BuRLiNQTON & QuiNcY.— Republican

Valley Rnil-

989V

the company's propoaition, which has been a $I,IMJ0 IxtnrI at
80 per cent to each liolder of 100 shares or lens of stock and «n
additional bond for each multiple of 100 tbMee held. The
sale of the 400 additional bonds will bn continued in the
way. At80 the 800 bonds sold have realized $180,000. Thl»
has been employed to retire in round numbers $390,000 of the
8300,000 coupon 6 per cent note*, duo .St-pt. 1, 1891, $50,000 of
the $104,200 5 per cent coupon notes dun July 1, 1891, $13,000
cognovit 5 per cent notes due Fob. 1 1 ^^i> i $ 00,000 of the $9W,098 bills parable, as set down in the annual report for the fiscal

Mme

Comp.iny 6 per cent Irands. due July 1, 1»19, to be p;iid
at the olliie of the New England Trust Company, 8i) Devonyear ended June 80, 1890. Part payment, $30,000, has likeshire Street, B-jston, on the first day of July, 1891, with
wise been mode on seven new locomotives, ju.st received by
accruetl interest to that date. Four (4) bondii for |600 each,
the company. The company thus c<in»olidates and extend
numbers
$352,000 debt and retires 8100,000 of bills payable.
This work
,

Toat\

,

1

:

17, 38, 170, .S53.

And

ten (10) bonds for $1,000 each, numbers
24, 90, 149, 295, 764, 48, 139, 209, 000, 783.

will be continued until all or nearly all of the debt U consolidated or canceled. When the $l,0(iO,OOCof Ss have been sold
and applied to debt and betterments, the charges of the company will be about $200,000 a year for interest, taxes and
rentals.
The new H(x:king connection is bringing a great
addition to the coal traffic but there is a gain in other directions, and in miscellaneous and passenger traffic.
The gross
earnings for the fiscal year to end this month are estimated at
$650,000, and the net at $330,000, and the surplus at about

:

& Manitoba.— First mortgage sink7 per cent land grant bonds of 1879 due July 1,
The numbers are published of 8379,000 of these bonds
drawn for payment on or before July 1 next. For a list of
the drawn bonds application should be made to Messrs. J.
Kennedy Tod & Co., 45 Wall Street, at whose office the drawn
bonds will be paid.
$35,000,
Eastern of New Hampshire— At the annual meeting of
Central Railroad of Georgia.— President E. P. Alexander
of this company is (moted asjsaying that the company intends the stockholders of the Eastern Railrcjad in New Hampshire,
to build a line from EUabel, on the Savannah & Western, to held at Portsmouth, N. H.. it was voted that "the capital stock
Oconee, Ga., on the main line, a distance of about 80 miles. of the corporation is hereby increased and fixed at the sum of
Tills will shorten the distance between Savannah and Macon $750,000, divided into
7,500
shares of $100 each,
and
St.

Paul Minneapolis

ing fund

1909.

;

about 30 miles.

Part of this lino has already been surveyed

the* directors

are

hereby

authorized

to

issue

the addi-

and graded, and is now ready for the rails. A survey will tional stock hereby created at such times as they see fit. The
soon bo made of the remainder of the line. This line is the directors afterward declared a dividend of 50 per cent
shortest line that can be built from Savannah to Macon, and in stock. This railroad is leased to the Eastern liailroad of
will not deviate from an air line 10 miles at any point. It Massachusetts for a term of 99 years at a rental of $23,500,
will make the distance to Macon about 160 miles, instead of which is a trifle more than 4J^ per cent on the $500,000 capital
stock. The Boston Journal remarks that "this increase in
193 as at present.
Chicago Gas.— The Chicago dispatches state that a settle- capital will only warrant a dividend of 8 per cent, unless the
ment has definitely been reacheci with the city officials on lease is changed, which is probable, as the directors have
the basis of |1 gas to the city and the city to get 3J^ per cent been authorized to arrange for a union with the Boston &
of the gross receipts. The price of gas to other consumers is Maine Railroad Company."
to remain at $1 25 until 1893, when a reduction of 5 cents in
EransTille & Terre Hante.- Notice is given "that at a
the price vrill be made each year following until $1 has been meeting of the directors held June 15, 1891, the
proreached. This is to be bottom price. This settlement carries posed increase of capital stock was deferred, and in lieu
thereof
with it the assurance that the company will be protected by the quarterly dividend was increased to 3 per cent, payable
the city against competition. The gas company guarantees July 38, 1891, to stockholders of record of June 18, 1891, each
that the payment of 3J^^ per cent to the city shall be at least of such stockholders being given the privilege of subscribing
$1.50,000 per annum.
The agreement for the reduction in the to $1,000,000 of the Evansville & Richmond bonds, in proporprice of gas is to continue as long as the franchise of the gas tion to their holding of stock, at 80c, and accrued interest,
companies is not attacked by the city of Chicago, and so long subscriptions to be sent to Farmers' Loan & Trust Company
as the present rights of the said companies to extend mains previous to June 35, when subscription books close."
within the city limits are not curtailed. The price of gas for
International & Great Northern.— Negotiations to effect a
the city lamjis is fixed at |30 per lamp, and for public buildings not to exceed $1 per thousand feet. The city is to dis- settlement between the several interests having failed, Messrs.
Turner,
McClure & Rolston, counsel for the Farmers' Loan
miss all pending suits attacking the franchises of the gas com-

& Trust Co.,

panies.

—

Cincinnati Jackson & Mackinavr. Cincinnati Hamilton
& Dayton. A decree of foreclosure of the Cincinnati Jackson
& JIackinaw Railroad Company's property was handed down
on June 5 in the United States Circuit Court for the western
division of Ohio. The sale of the property has been ordered
under the deed of trust in favor of the Central Trust Company, trustees for the consolidated mortgage of 1886. The
road will be sold in ninety days, or some time in September,
when it will probably be leased to the Cincinnati Hamilton &
Dayton, that company guaranteeing a new four cent bond
that will be issued by the reorganized company.
Cincinnati Southern— Cincinnati New Orleans & Texas.—
The sub-committee from the general committee appointed by
the various exchanges and commercial bodies in Cmcinnati to
consider the subject of a sale or extension of the lease of the
Cincinnati Southern have submitted a lengthy report. They
are of the opinion that the best interests of the city will be
subserved by an extension of the lease perpetually, with certain modifications. There should be a provision in the lease
that when the gross earnings exceed a certain amount per
mile, a certain percentage of the surplus should come to the
city as increased rental, and in view of the valuable concessions proposed to the present lessees in offering a perpetual
lease, there should be a specific covenant that the rates from
Cincinnati to certain Southern points shall not exceed specific
percentages named of the whole rate from New York to suc-h
point}. The report was referred to the various commercial

—

bodies for their consideration. The act of March 8, 1889,
authorizes the trustees of the railways, with the approval of a
majority of the trustees of the sinking fund, to extend thi'
lease at a rental of not less than $1,3.50,000 per annum, from
the termination of the present lease, Oct. 12, 1906, provideci
that said extension shall be made within three years of the
passage of the act.

Cleveland

& Canton.—The

Boston Herald comments at

length upon the affairs of this company, stating that some
months ago the shareholders authorized the issue of §2,000,000
5 per cent equipment trust and improvement bonds to run
until July 1, 1917, at which time the $3,000,000 first mortgage
5s mature. Later the directors voted to sell $600,000 of these
bonds. The management has already accomplished the s.-ik',
and a little more, and the directors have now votid to sell
$400,000 more, making $1,000,000 in all. The etxiv
as been
broughf "(bout by an individual canvass of shareholders aiul
the tui.
^ment has found them surprisingly responsive to
i

trustees under the second mortgage, have instituted proceedings in the U. S. Court in Texas for foreclosure.
Tex., a legislative committee is in session investigating the old matter relating to the appointment of the
State Court receivers.
The proceedings are published at
length in the Galveston News. The investigation is taking a
wide range.

At Galveston,

Kansas City Wyandotte & Northwestern.—At Leavenworth, Kan., June 18, in the United States Circuit Court, a
decree of foreclosure and sale of the Kansas Citv Wyandotte
& Northwestern Railroad was entered. The sale", which will
take place next December in Topeka, is to satisfy a claim of
.?3,750,000, exclusive of interest, on the unpaid coupons.
Hiram P. Dillon, of Topeka, is appointed Master Commissioner for the purpose of obtaining the amount of interest due,
all debts contracted by the receiver, and all other claims
against the road.

&

Kentucky Central.-Dow, Jones
Co. give the facia regardinsc the purchase of Kentucky Central bv Louisville
Nashville as follows Kentucky Central had $7,000,000 stock
and the Louisville
Nashville Comiiany agreed to give for
this $3,000,000 South
North Alabama consolidated 5s (of
which $10,000,000 are authorized and $3,971,000 outstanding),
and $1,500,000 of the new unified 4b. There was to be no cash
payment, simply the issue of bonds for the stock. Holders of
Kentucky Central stock have been notified that certificates
will be issued to them for their stock, 3-7tlis in the new 4s and
4-7ths in the S.
N. A. 5s. The bonds will b« delivered after

&

:

&

&

&

January 1, 1892.
Laclede Gas.— The statement of the Laclede Gas Co. for the
five months ending May 31 gives the total consumption by
private consumers as 351,631,300 feet agiiinst 297,754.300 last
year, yielding in net profit $333,435, as against $183,661, this
being exclusive of the city gas contract, which expired May 6,
1890.
The contemplated consolidation with the electric
light companies in St. Louis has been abandoned, as it was
found that it would not ensure exclusive privileges as was at
first supposed, and all litigation pertaining to that consolidation is now dismissed. The Laclede's contract with the
City of St. Louis, running to 1916, permits it to charge consumers $1-35. The city sought to annul this contract, but it
was sustained in the courts.

Maine Central.— Tliis company

offers to stockholders risbta

one new share for each four held, payable 35 per cent July
^5, 60 per cent August 15 and 35 percent September 15, when

to

e stock will be delivered, entitled to dividends after that

THE CHRONICLE.

940

date. The $900,000 capital thus issued is to pay for double
tracking, improvements and equipment of new road acquired
last year.

Minneapolis &

Loan

Ionls.-The application of the Farmers'
for permission to make the receiver a party
suit to get possession as trustee of that porSt.

& Trust Co.

defendant in its
tion of the road covered by its mortgage, and operate the same
under the terms of the said mortgage, has been denied. An
appeal has been taken by the Trust Company to the Supreme
Court of Minnesota, which will probably be heard in the early
fall.
Reference to this suit was made in the Cheonicle of
May 9, page 718.

New Orleans & Gulf.—The committee of bondholders,
consisting of E. B. Kruttschnitt, of New Orleans, Thomas P.
Fowler and Richard Irving, of New York City, secured the
title to the road recently without foreclosure proceedings,
and they expect to be prepared take the road from the receiver in Sept.
New Bonds & Stocks Authorized.— This item is published
today on page 913.
New York & New Eng'land.- There was a meeting of the
directors of the New York & New England Railroad Company
in this city on Thursday at which the financial situation was
discussed. For some time past there has been talk in Wall
Street about this road being in financial straits, and it has
been cliarged by some of the directors that the attacks were
made by certain persons to serve their own ends. The announcement was made after the adjournment that the company had made sa'isfactory arrangements to take care of all
outstanding obligations, and that no preferred stock had been
or would be sold. The company haa spent a great deal of
money in improving its roadbed and rolling stock, and most
of the claims against the road are for betterments. Between
1300,000 and $400,000 is needed to clear away debts of this
character, and some of the directors have offered to advance
the money, taking a portion of the preferred stock as collateral.
The details of the plan adopted will be made public
soon.

New York & New
named
Act

in

Jersey Bridge.— The Commissioners

-1879.Tont.
Illinois

-1889.-

Vatue.

Ohio
Indiana
Michigan

Yalue.

Totis.

6,115,377 $8,779,832
6,008,595
7,719,667
1,454,327
2,150,258
100,800
224,500

12,104.272 $11,755,203
9,976,787
9,355,400
2,845,057
2,887,3:2
67,431
1X5,011

It will be observed that the price per ton was considerably
lower in 1889 than in 1879. In Illinois it had declined from
$i 44 to 97 cents in Ohio from $1 28 to 94 cents in Indiana
from $1 48 to $1 02, and in Michigan from $2 23 to $1 71 per
ton at the mines. It is proper to say here that the product of
the Illinois mines was about 1,000,000 tons less in the calendar
year 1889 than in the year ended June 30, 1889, the falling oflE
being mainly due to a widespread and persistent strike of the
miners in the northern districts of the State, which lasted about
sixmonths. The coal area in Illinois is reported at 37,000 square
miles in Ohio, 10,000 square miles, and in Indiana and Michigan 7,000 square miles each.
The coal mines of those States gave employment in 1889 to
48,711 foremen, mechanics, miners, laborers and other employes, to whom was paid in wages the sum of $18,881,589 for
the year. These employes and the amount paid in wages were
;

;

;

distributed as follows
Illinois, emj loyes 32,323, wages $8 694,347
Ohio, employes 19,591, wages $6,893,604
ludiana,
employes 6,533, wages $3,201,044; Michigan, employes 265,
:

;

;

wages 93,594.
The other current mining expenditures were as follows

•

lUinois $1,671,722 Ohio, $1,339,579 Indiana, $380,625 Michigan, $20,120; total, $3,412,046.
It should be noted that
" local " mines are not included in the statements of expenditures for wages and other purposes.
There were 3,721 " local "
mines and 781 " regular" mines. The output of the former is
not separately reported, but it appears that 3,131,680 tons were
sold to the local trade at the mines, the major proportion of
which was probably the product of "local" mines. Of the
48,711 persons employed, 5,354, exclusive of office force, were
employed " above ground," and 44,632 were employed " below
ground"; of the former 153 and of the latter 1,072 were boys
under sixteen years old.
The average daily wages of employes of the several classes
in the respective States were as follows:
;

;

;

j

and authorized

to incorporate the

[Vol. UI.

to act

under the act entitled "

New York & New

An

Jersey Bridge Company," being Chapter 520 of the Laws of 1868 of the State of
New Jersey, give public notice that the books of subscription
to the capital stock of the said com})any will be opened at
Taylor's Hotel, on Exchange Place, Jersey City, Hudson
County. State of New Jersey, on the 30th day of July, 1891,
and will be kept open for three days at least between banking hours, and will be closed at 12 o'clock noon on the 23d
day of July, 1891. The notice is signed by the following
Commissioners Allan L. McDermott, William Forster, John
Y. Dater. Cornelius Lydecker, Henry G. Hering, John Hopper, Rodman M. Price, Thomas B. Decker, James T. Sparkman, Frederic F. Culver, R. Floyd Clarke, William D. Edwards, John Goldthrop, Andrew H. Green, Evan Thomas,
Frank K. Hain, Isidor Straus, Charles M. Vail, D. E. Cul:

Ter.

—

Nicaragua Taual. At the annual meeting of.the Nicaragua
Canal Construction Co. at Denver tl-.is week the following directors were elected unanimously for the ensuing
year: Warner Miller, Samuel Thomas, W. Seward Webb,
George W. Davis, J. F. O'Shaughnessey, H. B. Slavin, J. W.
Miller, Henry R. Hoyt and Gordon McDonnell, of New York:
Stuyvesant Fish and N. K. Fairbank, of Chicago; Smith M.

Weed,

nii-

Occupation.

«. t».

In-

$2-29

$2-28

2^01
1-53

1-92

Laborers below ground
Boj-8 under 16 below.ground

jf

diana

Ohio.

Foreman above ground
Mechanics above ground
Laborers above ground
Boys under 16 aliove ground
Foremen below round
Miners below ground

MKhigan.

$2-34 $2^11
1^84
1^92

lol

1-47

f93

-83

•77

•73

2^35
2-01

177

2-32
1-98
1-63

2^37
1^88
1-70

167

-90

•71

•76

•87

2-31
1^74

The total amount of capital invested in coal mines, including lands owned and leased, buildings, tools, machinery, etc.,
in the respective States was as follows: Illinois, $17,639,851;
Ohio, $14,018,236; Indiana, $3,435,703:
Michigan, $49,650;
aggregate, $35,142,940.

Union Pacific.— The Boston Traveler reports "The Union
Pacific Railway Company's directors, at their meeting early
in the week, decided to refer the entire matter of the proposed issue of bonds to the executive committee, with full
:

The plan decided upon contemplates the i^ue of
320,000,000 of 5 per cent 3C-year gold bonds, which will be
dated May 1, 1891. Of this amount only $5,000,000 will be
put out at present. The name of the bond will be the Kansas
division and collateral mortgage. Five million of the bonds
will be a second mortgage on the Kansas Pacific Road and the
property of the" Denver Pacific Railway
Telegraph Compower.

of Plattsburg, and Henry A. Parr, of Baltimore.
Graude Western.— The report of the Reorganization pany. The balance will be a collateral &
mortgage secured by
Committee of the Denver & Rio Grande Western made to different kinds
of bonds. The bonds will be held by the Union
the security holders of the present Rio Grande Western has
Pacific Company until they are sold."
been issued in the Chronicle, and is given at length on a subsequtnt page.
Wisconsin Central.— The plan for refunding the obligaRutland.— Shareholders of the Rutland Road on June 18 tions that have a prior lien to the income bonds, as outlined
authorized a mortgage of $3,500,000 at 43^ per cent. The pre- in the last annual report, is being gradually placed in shape
•sent bonds are $1,500,000 6s of 1902 and $1,500,000 5s of and will soon be ready for announcement.
It contemplates
1898.
Of the new bonds $3,000,000 are to be reserved to retire the issue of a debenture or improvement bond to an amount
the outstanding issues at maturity or earlier, and the balance large enough to take up the outstanding securities, and suffi-of $500,000 is to be used for improvements.
The United cient to capitalize future expenditures for improvements and
States Trust Connmny of New York is the trustee.
equipment. The new bond will bear 5 per cent .interest, and
will be a joint and several obligation issued by both WisconSoft Coal.— The Tribune on Thursday published a report
from Washington giving a summary of the production of sin Central Railroad Company and the Wisconsin Central
bituminous coal in four States. It stated that "the returns of Company. Back of the new bonds will be all the property of
both corporations west and north of Lake Winnebago, and
coal production already compiled for the year 1889 show that
they will be further secured by the old securities, which will
-there has been a great increase in the past decade.
In 1879
kept alive for a time at least, or until they mature. The
for example, the output of bituminous coal in four States' be
present fixed charges are $1,669,388, and the prospective
between theOhioand Mississip|)i rivers— Ohio, Indiana, Ilhnois
and Michigan— amounted to 13,679,199 short tons, which was charges will be about $1,560,000.

Bio

about 32 per cent of the total bituminous product oif the United
States in that year. According to the Census taken last year
the total output of the same States in 1889 was 24,993 347
tons, being an increase of 11,314,348 tons, or nearly 84
per
«ent, and indicating that the total bituminous output of
the
United States in the same year was about 79,000,000 tons.
Of the four States first named, three— Ohio, Indiana and
Illinois—show a tremendous increase, while Michigan, owing
to the sharp competition of the bituminous mines of Ohio and
Pennsylvania, suffers a loss of 83,369 tons, or about 48 per
cent, as compaied with 1879. The total output of the
four
States in short tons and the value thereof in 1879 and
1889 respectively were as follows:

—

The Western National Bank of the city of New York has
declared a dividend of 2% per cent on its capital stock, payable on and after July 1. The transfer tx>oks close on the 33d
inst., to

—

be reopened on July

3.

Attention is called to the list of first mortgage railroad
bonds bearing 7 to 8 per cent offered by the well-known firm
of Messrs. S. V. White & Co. of this city, notice of which will
be found in another column. Messrs. White & Co. also offer
to accept approved coupons payable July 1 at their face
value for any of the offerings mentioned in the list.

JONB

THE CHRONICLE.

30, 18C1.J

nn& iQocumeuts.

l^lepovts

RIO

GRANDE WESTERN RAILWAY.

REPORT OF TUE REORQANIZATIOM COMMITTEE OK THE
DENVER & RIO GRANDE WESTERN RAILWAY
COiMPANY UPON THE CONCLUSION OF
THEIB WORK, MAY, 1891.
To the Bondholders and Stockholders of the Kio Orande
Western Railway Company {Successor to the Denver cS
Hio Orande Western Railtoay Company):
The undersigned suggested, in a circular dated April Ist,
1889, the necessity for a reorganization of the financial
status of your Company, and the desirability of immediately
securing a large amount of additional capital wherewith to
change the gau^e of the road, which was then 3 feet wide, to
the standard width of 4 feet 8}^ inches, and for the purchase
of suitable equipment for the same.
statement of the facts as they then existed and a forecast
of the results that might be expected to accrue in the future

A

from the suggested plan of reorganization were submitted,
and a deposit of securities in accordance therewith requested.
Your Committee have awaited the completion of the work
thus undertaken in your behalf, and fuller results of the
operation of the property and the additions to the same under
the

new

conditions, before submitting a report of their con-

duct of the trust committed to them.
There were outstanding at that time of the First Mortgage
Bonds of the Denver & Rio Grande Western Railway Company $6,9(10,000, with the Coupon Certificates attached to the
same, amounting to $1,34.5,500.
There had been no default on the part of the Company in
the payments to be made by it, under the refunding plan of
1884, all Coupons, including the one of March 1, 1889, provided
for in said plan, having been promptly met by the Company.

Such being the case, the only means of
power of your Committee was an appeal

influence within the

to the judgment and
general sense of fairness of the security holders, the plan submitted having been devised with the single idea of equitably
protecting all the interests involved.
Your Committee feel, therefore, that there is cause for congratulation u|X)n the result which they are able to report,
namely, that of the $6,900,000 Bonds there have been received

by the Central Trust Company, depositary under the Reorganization Agreement, $6. 873,000, with the corresponding coupon certificates attached, leaving a fraction of less than 2-5 of
one per cent of the entire issue not yet deposited with your
Committee.
It is a matter worthy of note that among all the scattered
holders of this considerable number of bonds only one individual has placed himself in opposition to the general interests
of all concerned, thereby seeking to obtain an advantage
through legal strategy over his associate bondholders. The
party referred to holds ten of the old bonds, and has sought
through the courts to compel the new Companv to pay the
cou[X)ns from its funds iiis effort being to obtain for his bonds
the advantages enjoyed by the holders of the new bonds and
stocks in the additional security afforded by the new track, the
new standard gauge equipment, and other important sources
of revenue, all being entirely indep- ndent of the assets of the
old Company which issued his bonds. Your Committee liave
felt confident that not only the clear equities ef the situation
were with them in such controversy, but that the legal right
was also on their side. The General Term of the tjupreme
Court of New York State has given a decision in favor of this
Company on the form of the pleading and it is felt that it
will not be possible for this bondholder to obtain any such unfair advantage over his associates, who by their combination
in favor of this plan have succeeded in putting the property
upon a plane of assured succes.s. Whatever the final result, it
appears to be of slight consequence, as the new securities held
bv the Trust Company, and originally intended to be exchanged for these old bonds, have now become so valuable
that it is not unlikely that the recalcitrant bondholder may in
a short time be placed at a disadvantage compared with those
who joined in the plain of reorganization.
Immediately after the placing of the new issue of Bonds to
provide funds to change the guage and • piu-chase the new
equipment, as proposed in the circular of April 1, 1889, a very
careful study of the situation as regarded the future probable
business of the road was made with the aid of the General Manager, Col. D. C. Dodge. As a result of this study it was decided to be judicious to make some further improvements in
location in order to secure easier curves and grades, to still
further shorten the distance, and to secure exemption from
washouts at the points which experience had shown to be
;

;

*

especially liable thereto. Among these improvements was an
entirely new line of 4i miles across the Utah Border and following the Canyon of the Grand River, including the building
of 16 miles of additional and very expensive road in Colorado
to Crevasse, a station on the Denver
Rio Grande R. R.
about half way between the Border and Grand Junction, la
all the new main line constructed exceeded 100 miles.
From
Crevasse to Grand Junction, 18 miles, the line has been leased
from the Denver
Rio Grande Company by your Company
for 50 years, at an annual rental of $14,400.
In addition to the decided advantages of this route in the
respects above mentioned, your Company has secured an ad-

&

&

911

Grand Canyon ooenery, which forms a not«>
worthy new feature of the " Scenic Line."
An im|iortant decision arrived at in this same connection
was that the increased tonnage of the miMlem freight car. the
increased weight of the engines to properly handle the busineta of to-day, and the probability of a Bt<>a<lily-increaainii
traffic, made it desirable, as a matter of true economy, to lay
eS- pound rails tlirougbout on the main line instead of a lif^bter
weight as proposed in the estimates at ttmt in the ('ommittee's
bands. It was also decide<l that it would be true et'onomy t')
have the most improved appliances placed upon all the new
equipment, which aocordmgly has been provided with th«
Weatinghouse Air Brake and Automatic Couplers of the Master Car Builders' type on all freight oars, and driver brakes on
many of the engines, while the passenger equipment has the
provision for heating by steam from the engine to take the
The " Pintsch Gas "system for
f)Ince of the "car stove."
ighting the paasenj^er trains was adopted, as affording the
passenger sufficient light with which to read with entire ease;
this required the erection of a plant for the manufacture and
supply of gas to the cars at Ogden, which also was not inditional section of

cluded in the original estimates.
All of these, and many other incidental improvements to
make the line a first-clitss one in all respects, have, as will
readily be apprehended, called for a very much larger sum of
money than was at first proposed, but as a result your Company has an equipment in advance of that of any railroad in
the Western country, and a road-bed that even in this short
space of time gives promise of soon being in the front rank as
regards physical condition. So much of the main line l>einK
new, by reason of the above-mentioned changes of location, it
will necessarily retiuire one or two seasons more before it can
be economically ballasted throughout but the purpose of the
management is to continue as rapidly as may be consistent
with true economy the ballasting of the main line until all is
done.
By the changes of location referred to over 8000 degrees in
curvature have been avoided, the maximum curve having
been reduced from 20 degrees to 10 degrees, and the distance
from Grand Junction to Ogden shortened by alwut 18 miles.
The maximum gradients have been reduced against West
bound trains to 1 per cent, except for 18 miles of 2'4 per cent
in the Canyon of the Price and against the lighter E^t bound
traffic to 2 per cent, except that at Soldiers' Summit, of
which we speak hereafter.
The excess of expenditure for widening the gauge and purchasing the new equipment beyond the amount received
from the first issue of Bonds was provided by the sale of
Bonds and Preferred Stock from time to time as there was
need for the money.
The entire amount expended by the Committee, Including the legal and corporate expenses in New York,
was
$4,949,314 30
Of this sum there was exper ded under the Immediate
direction of the Committee in New York City
105,462 38
;

—

Leaving the total gross expenditures through the Auditor for the purposes of Changing Gauge, Construction
of new Main Line in Utah and Colorado and New

Equipmeut

tor

same

94,>)43,851 93

Less value of old rails and other material taken out of
the narrow gauge track and oredlteil to such construction in

Utah

373,272 17

Showing a net balance of expenditures through the
Auditor for the purposes stated above of
$4,470,579 75
figures are verified by Mr. Little's re-

[Which

port herewith.]
This amount is made up of the following items:
For New Equipment
$766,837*30
For the ch.nnglng of Oauge, Construction
of main line in new locations, the Construction at a cost of !p36.'S,092-«4 of Id
miles of additional new Road In the
State of Colorado, and other improvements of every kind to the main line
and to the oldbrrtnoh lines in Utah
3,703,742 45 $4,470,579 75
As re|X)rted in their letter to the issuing bankei^ at the time
of the sale of the new issue of Bonds in June, 1889, your Committee had a thorough examination of the accounts of the old
railway Company made by Mr. H. D. Bulkley, formerly of the
Northern Pacific Rail way Company and now of the Baltimore
Ohio Railroad Company. In now terminating their trust,
your Committee have deemed it due to the security holders to
nave the accounts of their expenditure of the large sum of
money above referred to audited by a public accountant of
experience and reputation, and to that end have had Mr,
Stephen Little, formerly Comptroller of the Erie Railway

&

Company, and recently Auditor of the Pullman Palace Car
Company, visit Utah for this purpose. The report of Mr.
Little is

submitted herewith.

The foregoing completes the record, in brief form, of the
work entruste<l to your Committee, but inasmuch as its members have all l)een associated with the new Company as Directors they bog leave to make some further reference to the
history of the past two years and would first record the fact
that a considerable portion of the old material taken up,in
changing the gauge has been put to what is deemed a most
advantageous use in the construction of the " San Pete Division," a new branch line extending some 61 miles southward from Thistle, on the main line, to Manti. the most important city of southern Utah, where the Mormon church has
one of its three temples. This branch traverses the northern
portion of one of the most fertile valleys in Utah, with a present population in its entire extent of between 20,000 ana 80,000, whieh is thus given a direct outlet both to Salt Lake City;

THE CHRONICLE

942

It has been constructed in a most
to the Eastern States.
thorough manner for a broad-gauge structure, the width of
the embankments and the cuts having been made of the

and

standard gauge, and all of the gradients and curvatures being
made with reference to its future operation as a standardgauge road, but during the period of development of traffic,
for the purpose of economical operation such portion of the
narrow gauge ties as could be used and old rails taken from
main line have been put down for a narrow gauge road, and
as such it has been in operation since January 1, 1891. The
cost of this additional construction has been defrayed by the
sale of Bonds and Preferred Stock, as provided for the future
development of the Company in the plan of reorganization.
Your Committee thus report that there has been built of additional new road this 61 miles and the 16 miles heretofore
mentioned in Colorado, in all 77 miles, which, added to the remaining constructed road, makes a total of 433'7 miles owned,

4509 miles in
your attention

•with 18-2 miles leased, or

[Vol. LU.

knowledge that there is still held in the Treasury of the Company a capital reserve of $2,000,000 in its First Mortgage
Bonds and $1,250,000 of the Preferred Capital Stock.
There have been issued, for all purposes connected with the
reorganization and for construction and improvements since
as above noted, including the recent subscription of Preferred
Stock, $14,000,000 of the First Trust Mortgage Bonds of the
new Company, $6,250,000 of the Preferred Capital Stock and
$7,500,000 of the Common Capital Stock. No other securities
are outstanding, and the Company has no floating debt, but
a large balance in bank to pay for capital expenditures.
Up to the present time there has been no set-back to the
phenomenal increase of business and of both gross and net
earnings, and from all the indications that reach the members
of this Committee there seems likely to be a continuance of
satisfactory returns throughout the year.
most important factor in the success which has attended

A

the Committee's efforts from the beginning, and one which
should have due recognition in this final report, was the

all.

to the first annual reYour Committee call
new Company for the year ending June 30, 1890, prompt and practically unanimous concurrence of all classes
which is issued from the office at the same time that this final of security holders in the old Company, which action gave to
report of the Committee is submitted, and in connection your Committee a prestige and confidence that greatly

port of the

therewith to a preliminary statement herein for the 9 months
of the second fiscal year of tlie Company, to March 31, 1891.
The operation of the road during the first year of the Company was attended with great difficulty and exceptional expense by reason of the disturbed condition of the road-bed
during the progress of the work of changing the old and
building so much new line in Utah. This also occasioned a
considerable diversion of traffic, due to an additional transfer
being required at Grand Junction during that period, with a
consequent decrease in gross earnings, as well as an abnormal
increase in expenses. In addition, the weather during a considerable portion of the time was unusually bad, and continuous snows and thaws made the work more costly. Beyond this,
the prolonged delay in the completion of the connecting link
of road between Grand Junction and Rifle Creek, where the
Rio Grande and Colorado Midland diverge eastDenver
ward, caused us an additional loss of business and much expense. The operation of our own road as a standard gauge was
begun June 10th, 1890, or just at the close of the tiist fiscal
year but it was not until the middle of November that any
through business could be handled over the broad gauge connections. This was particularly unfortunate, because by reason of the shortage in the Eastern fruit crop a very heavy tonnage was brought East from California last summer, none of
which could be handled by our road.

&

;

The

gross earnings for the nine

months

from July 1, 1890, to March 31, 1S91,
were
$X,725,740 05
Operating expenses, taxes' and rentals... $1,089,692 20
Interest on Bonds for tbc nine months
395,493 00
Dividends on Preferred Stock io scrip and
in cash for tlie nine mouths at the rate
of 5 pel cent per annum

180,225 00
1,665,415 20

Balance of surplus earnings
Increase over 1889-90:
In gross earnings, 47 per cent.or
In net earnings, 50 per cent, or

$60,321 85
.¥553,342 09

213,349 93

The increase in earnings from the beginning of the operation of the through standard gauge connection has been
already brought to the attention of the Stockholders through
the circulars issued by the Company in connection with the
first dividend paid in scrip and the second dividend recently
paid in cash, for the quarter ending March 31, upon the Preferred Stock.
This large increase in business called for the purchase of
additional equipment and made desirable the immediate
change of the only excessive grade upon the road (that at
Soldiers' Summit), at a large expense, the reasons for which
•were set forth in detail in the circular of March 25th, offering
to the Stockholders the right to subscribe to a new issue of
Preferred Stock to provide the money for the above and some
other improvements made immediately important by the
demands of the traffic.
Your Committee have given hearty approval to all these
acts of the Company, and they congratulate the security-holders upon the fact that such satisfactory results in traffic and
earnings have followed so promptly the reorganization and
change of gauge, and also because of the evident advantage
that has resulted from providing securities for future capital
expenditures, a feature essential in the mind of the Committee to the permanent prosperity of any Railway Company.
The growth and prosperity of the Territory of Utah, which
has such vast and varied undeveloped wealth, will, we have
no doubt, continue from time to time to make necessary further increases in equipment, and the expenditure of liberal
suras in providing betterments and improvements, and still
other branches, whereby a steadily-increasing traffic may be
created and fostered as well as handled successfully and
economically.
Your Committee has been specially glad to approve the
policy of the Company, as evidenced by its later action, in
keeping its capital reserve of bonds as large as possible, and
deem the prompt subscription to the recent issue of 12,500
shares of new Preferred Stock an endorsement by the shareholders of this financial policy, which, in a countrv of such
rapid growth as the territory which your road supjilies with
transportation facilities, seems to them the one likely to rove
most profitable to the owners as well as clearly the mo; .< »iserrative, and cur eatisfactivij io cJosing pur tmst \
J

strengthened their hands, and assured the success which the
rapid development of Utah has already emphasized.
Respectfully submitted,

George Foster Peabody,
James C. Parrish,
Joseph D. Potts.
Fred. P. Olcott,
Chas. J. Canda,
Barthold Schlesinger,
Committee.

Denver, Col., April

RIO

30th, 1891.

GRANDE WESTERN RAILWAY

CO.

expenditures for

Widening Gauge
New Equipment

$3,703,742 45
766,837 30'

Total

$4,470,579 7»

George Foster Peabody,

Esq.,
Chairman Re-organization Trustees,
Rio Grande Western Railwav^ Co.,
18 Broad Street, New York City.

Dear

Sir
In accordance with your instructions of the 11th instant,
addressed to me at Chicago, I beg to state tlrat I visited SaltLake City, and in your audit office there examined and
:

verified
First.

:

—

Each and every original voucher on which the expenditures specified above, for widening gauge and new^
equipment, were based, whether these expenditures were
made directly from the vouchers themselves or through themedium of the material or ojien accounts to which a portion
of such vouchers was primarily charged.
Second. I also examined and verified in turn each and
every official report of labor and material entering into such
expenditures for widening gauge and new equipment, and I
do hereby certify the same to be correct throughout, and
substantiated by the vouchers, reports and papers aforesaid,
all
of which are systematically filed and conveniently

—

accessible.

Very

respectfully,
S.

LITTLE.

P. S.

have also examined, since my return to New York the
made under the direction of the Reorganization
Committee there, amounting in all to $105,463 38, and hereby
certify the same to be correct, and supported by the proper
1

expenditures

vouchers.
S.

New

York, June

LITTLE.

1891.

3,

New Bonds and Stocks Authorized or Offered.—The following is a list of new issues of securities now offered for sale, or
soon to be offered
Arcadia Gllf Coa.st & Lakeland RE.— $c 00,000 of stock Is oflfered
at par by the company, Boston.f
Brooklyn, N. Y.— $1 .000,000 4 per cent registered certificates, due in
three years. Bids will be received until June 25 by T. F. Jackson,
:

Comptroller.

Columbus, Ohio.—$200,900 street improvement 6 per cent bonds,
due at various dates. Bids will be received till July 15 by John
M. Doane, City Clerk.
Columbia Oil Co.— $400,000 Ist mortgage 6 percent bonds, duo in
1901, are offered by the Holland Trust Co.
Gloucester, Mass.- $50,000 Highway Improvement Loan 4 per cent
lO-year bonds. Bids will be received till June 29 by Edward DolUver, City Treasurer.

MiLWAUKEE.WiscoNSiN.— $200,000 City hall. $200,000 school, ?1 00,000
library and museum, and $150,000 public park bonds, due July 1,
1892, to July 1, 1911, and bearing interest at 4>8 per cent for
bonds due till 1896 and 4 per cent for bonds due thereafter. The
above bonds are authorized to be issued about July

1.

NEWBURVroRT, Mass.— $83,000 refunding 4 per cent bonds, due July
1,

1911.

Bids will be received by

J.

V. Felker, City Treasurer,

till

June 23.
Ohio County, W. Va.— $60,000 412 per cent iDinV; arc oflfered by the
Bank of the Ohio Valley, Wheeling. W. V;.. .>ee advertisement.
Richmond County (Staten Islani)). v Y.— $l.'''0,000rnn'' bonds, due
1916. Bids wiU he received tlUJuly 9, ISPl, by r
...of Superylsgrs, etapleton, e.

},

June

39, 1891.

THE

|

COTTON.

She ^ommevcitil gimes.
COMMERCIAL EPITOME.
The

first

half of the

Fkiday Night. Juno 19, 1891.
week under review was intensely liot

more

States

or leas severe, doing

Fkidat. p. M.. Juaa 10, 1801.
indicated by our tel«Kran>a
from the South to-night, ia given below. For the week ending
thia evening the total receipts have resched 20,til
tMUea,

Tbb Moveukst or the Crop, as

throiighout the country, except in the extreme West. Cornplaints were made of a drought in a portion of the Middle and

New England

«43

CllllOT^lCLK

some damago

The cooler weather of the past three days has
been attended by the fall of copious rains, which must prove

against 27,803 bales last week and 30,006 bale* the prerioss
week, making the total receipts since the Ist of Sept., IWO,
6,881,887 bales, against 8,774,643 bales for the same period of
1889-00, showing an increase since Sep. 1 1800,of 1 ,037, 109 faalea.
,

Stetipiiat—

Mon.

Sal.

to the crops.

lacking rain before, though obstructing the harvesting of cereals to some extent in southern
and middle latitudes, where [the work had begun under v€ry
favorable auspices. In the speculative markets the most important features were a sharp decline in cotton early in the
week and decidedly lower prices on Thursday for the coars(>r
•cereals.
General ttade is dull, as it usually is in the last half
of June.
Lard on the spot has not been active, but being very sparingly offered prices have recovered a portion of the late decline, and to day there was a firm market at 5'65(a,5-70c. for
prime City and ti'52}^@6'55c. for prime Western, with refined
for the Continent quoted at 6-50(g6'85c. The speculation in
lard for future delivery has been more active, but the sharp
advance on Monday was followed by a check to buying
orders, which, with the weakness in corn yesterday, made
some depression in values, and to day the market, though

very beneficial

iirm,

was

in the sections

less active.

DAOLT OLOSinO FXICES OF JUkXD FTTnTBBS.
Bat.
Mon.
TueM.
Wed.

JulydeUvery
Anguat delivery
Beptciubcr

c.
o.
delivery.... 0.

October delivery

c-

6-34

6-82

648

656

665

6-61.

ti-7j

6 71

681

6-6U
6-81
6-33

Thur

Fri.

652
665

6-48

6-49

662

6t.l

6-T«

6-75

6-90

688

6-75
6-88

Pork has been quiet and closes dull, in sympathy with a
break in speculative values at the West, closing at $10-2o;^
$11 for old mess, §ll-7r),<i$12-25 for new mess, §10-75'a$ll for
Beef is steady; extra
exti-a prime and §12-25;a^l4 for clear.
mess, S9-50(a$10-2o; packet, $10g$10-50; family, 811 •50(a$ 12-50
per bbl. extra India mess, $17® 19 per tierce. Beef hams are
nominal at $18Co$l8-oO per bbl. Cut meats have been dull,
but were more active to-day with sales of S'^.OOO lbs.. i2@10 lbs.
average, at S^a'aSJ^c. Quotations are: Pickled bellies, 5i^@
S^gc: pickled shoulders, 4Jg'45c.; and hams, 9^'^10i:^c.
;

,

Smoked

shoulders, 5Ki-$5%c., and haras, 10?<t@113^c. Tallow has declined, closing more active at 4j4'c. Stearine is
firmer at 7ii(g7Xc. in hhds. and tierces, and oleomargarine
Butter closes more active at 153i]9c. for
is steady at 6c.
Cheese is
creamery and 12914J^c. for Western factory.
lower at 7}^(g8V2C. for State factory full cream, closing more
active.

Tuu.

Wed.

Thun.

Fri.

705

280

New Orleans...
Mobile

607
42

400
80

a,6S7

14

SOS
16

norida
SavanDah
Brunsw'k, Ac.

769

621

225

624

761

Cbarleston

2S4

644

408

137

73

28

43

18

40

64

241

239
4

S74
SOI

310
S3

237
460

783
800

S2S
875

Oslveaton
ElPa«o, Ac...

PortRoyal,&o
WllmlnKton

Total.

659

352

155

242

2,393

86

4.024

146

710
40
129
101
36
2
72

3,023
101
1,S43

194

1,786
1.493

347

2
365'

WaA'Kton,Ao
Horfolk

West Point...

376

N'wp'tN'»,&0.

74
678

.,,.f.

New York
67

e

Boston
Baltimore
PliUadelph'a,&o

5i

171

totals this week

3.081

2.567

214

3.545i

1,453
1,413

77
107

366

1,190

3.269

2.716

20.621

188

6.443!

673

ISO

For comparison we give the following table showing th6
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
1889-00.

1890-91.

Reeeipls to
/un« 19.

Thit
Week.

2,393

New Orleans.

4,9-24 2 ,037,056

Savannah.

..

Bruns., Ac.
Charleston ..
P. Royal,.&c

West Point.
NwptN.,*c

New York.

673
1,458
1,418

..

Boston
Baltimore.

1,898 1,945,903

97,578
9,194

36,441
1,026

9,500

1,364

6,982

Oil

4,688

430

9,401

4,233

134

1.785
1,498

Norfolk

..

1890.

199

3,025 1 ,111,062
101 188,199
1,542 905,175
2
1,008

Wash'tn,ifcc

1891.

0,988

39

265

Wilmington

Stock.

837,950
23,212

291,510
44,560

347

Mobile
Florida

\

Since Sep.
1, 1889.

33

995.462
23,764

Salveston .
El Paao.dio.
.

This
Week.

Since Sep.
1, 1890.

239,783
32,265
933,976
162,962
320,037

203

1,833

14

188,096
3,746
637,847
343,039
96,185
134,200
115.523
49,657
65,748

132,653
3,749
401,662
324,729
58,930
114,352
71,867
87,670
81,053

13

24
36
344
209

850
2,221

161,894
2,800
2,610
7,611

90,784
2,500
2,949
8,607

Coffee on the spot has further declined, and closes dull at
400
PhU'del'a,&o
1,190
mild grades selling fairly, including
20,«21 6,831.837
3,347 5,774,645 322.317
149.143
Totals. ..
3,000 bags Maracaribo on the basis of 18ijC. for good Cucuta.
The speculation in Rio options suffered a sharp decline in
order
that comparison may be made with other years, we
In
prices on Wednesday, with considerable sales in liquidation,
ive below the totals at leading ports for six seasons.
under adverse foreign advices but to-day there was a sharp g
1883.
1890.
1889.
1887.
1891.
1886.
and partial recovery on a demand to cover contracts, prompted Reeeiptt atby a better market at Havre. The close was steady, with QalT'ston,d(0
812
33
397
39
2,393
131
sellers as follows
842
4,676
613
4,924
New Orleans
1,898
3,933
13-85c.
16-400. September
14-?5o. November
June
34
92
347
39
64
185
13-650. Mobile
14-15C. December
October
l.'S-85c.
July
134
53
1,769
90
3,025
Savannah.
1.104
15-25C.
Augudt
165
1,544
203
768
36
2,633
Raw sugars have ruled steadier, with a better busines done, Charl'8t'n,Ac
265
14
3
5
01
14
at 2 13-iec. for fair refining Cuba and SJ^'c. for centrifugal of Wilm'gfn,&c
543
13
1,879
1,785
96
1,003
96 degrees test but to-day the market was quiet. Futures Norfolk...
375
1,157
2,171
60
1.612
close nominal at 3-36a3-46c. for July and 3-43 @ 3 -Wc. W't Point, Ac
884
2,070
4.167
953
1,343
3,729
for October. Refined have been mare active and close AZl others.
partially dearer cru-hed 5c. and granulated 4 l-16c.
13.228
3,347
3,301
2,364
14 363
The rot this week 20.62
las.ses iseasier at llj^(ai2c. for .50-degree3 test, in hhds.
tea sale on Wednesday went off at slightly easier prices, al- Since Sept. 1 6831.8.37 5774,645^5485,700 5416,973 5187,183 5247, 1 93
though the offering was not a large one.
The exports for the week ending this evening reach a total
Kentucky tobacco shows a slight improvement in the vol- of 38,450 bales, of which 28,033 were to Great Britain, 5,607
ume of trade, the sales for the week amounting to 300 hhds., to France and 4,731 to the rest of the Continent. Below are
on an increase in the export demand. Seed leaf was also more the exports for the week, and since September I, 1890.
active, sales aggregating 1,860 cases, as follows: 975 cases 1890
fVom ApC 1, 1890, to Juiu 19, 1891
Wuk EmUm June IS.
crop, New England Havana. 239 26c; 300 cases 1890 crop, do.
Mxforts
seed. 21i<'a 23c.; 200 cases 1889 crop, Pennsylvania Havana,
OsnM. Total
Orsot
ertal
OmM.
from—
12(a28c.; 185 cases 1889 crop. State Havana, 14®27J^c.. and
TofX
BHfn. »*»«• n«nt. ITeek. BrMotn. Wnmet ffKU
20O cases sundries, 7@35c.; also 800 bales Havana, 70c.@|l 15.
«S.10S
615,190|
108.969
843.180
GaWeslon
Recent rains have greatly improved the prospects of the next
New Orleans.. 10,58S bJCM 1,182 17,67* 8SZ.4i8 403.963 604.010 1390,448
tobacco crop.
74,807
460
100
T4.0IT
Mob.*Peiic-l»
On the Metal Exchange Straits tin has been quiet but fairly SaTsanah
1M.467 87.696 433.741, 697.198
steadv, closing at 2070 cents for spot and 20-55 cents for Bmnswlck ....
96.880
t3.S«Si lSl,09a
September. Ingot copper is dull and a shade easier Lake Cbarleston....
149.869 10,390 t48.i41' 414,800
• •...*
98.6S«j
closes at 12-85 cents for June. Domestic lead is quiet, but Wllmlnctoa...
1,0«1
83,180, 18836»
inThe
Spelter
dull.
for
spot.
»> 908.837; 11,699 40371 t»^<n
tit,
steady, closing at 445 cents
Norfolk
deliv138310
active
for
prompt
81,680 KM346
moderately
West Point...
terior iron markets are
73.019
719
78,188
N'portNwi,**
ery and prices are about steady.
490.406 41»S 18S.»S0 117.840
9,948
i.Vsi
'ii\
7,091
Refined petroleum is quoted ea.sier at 7-lOc. in bbls., 8-05c. New York
6,9*e
S1S.6II
7318 8*0.7fr
64
»,97«
in cases and 4-60c. in bulk: crude in bbls 6-60c., in bulk 405.:; Boston
80.883 118378
6.190
18.098 U,tl1
3.989
naphtha 6c.; crude certificates have been quiet at declining Baltimore
90,t8a
800
»4.«J6|
1.914
800
Phlladelp'a.Ao
prices, closing at 67}2'c- Spirits turpentine is unchanged at
3S,4iO S.91t,0C7|6SS.»M t,»8J.T17 ^olo.•1•
6.897
4,73
tS.OSl
Total
Robins quiet and without change at ljl-45c
aSJi'a 38;!^c.
$1-471^ for strained.
Wool and hops are dull.
«,41«'!.8in.3»«4Tinu'l.»<W»llUl»«,9Jf
91
a.sia
TeUl. 1889-00
17c, for No. 7 Rio, but

;

:

|

I

I

I

;

Mo

;

.

!

1

1

1

1

!

:

I

944

CHEONICLK

J'HE

H

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
oleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert. 24 Beaver Street.
Oarey, Yale

B

CD

B

p.

-

n

-r at

a

Great

Other
Britain. France. Foreign

Hew Orleans...

512

Charleston ....
Mobile
Norfolk

3,779
None.
None,
None.
None.
None.

Other ports

5,100
7,000

None.
None.
None.
None.
None.
750
None.

15,879

1,262

Galveston

Bavannah

Hew York

Total 1891...
Total 1890...
Total 1889...

1,250
1,500

None.
None.

2,300
7,100
8,500

89,444
6,657
9,200
6,232
9,194
7,101
154,794
12,280

5,909

4,365

27,415

294,902

3,414
5,267

300

8,134

331
300
750
None.

2,300

2,350
2,409

19,818
23,791

-»

A:

s.:

:

I

684
331
300
750
None.

D

E'Si

OD- «<

^: o

:

CJI

Stock.

Total.

wise.

3,159
None.
None.
None.
None.
None.

None.

14,054
15.815

Coast-

?:

:

Leaving

June 19 at—

o2.£g
»
n » B-

2.WCA

O
(soap,
B »* vj

CD db
CO

B u

(£

&

Shipboard, not cleared^-for

s cp :

00 '*1

H.O.
3-r-

o

£•-5

o

at

I

I

00

00

as

©i-r'
Ml-'O

ST

Cda

2

toosr
to

C CO

(Kty

ooosr

.-I

r-b 6?

"'MO

•<J

too."

B CO

Elf
saS

,10

85,-"

c*
u

CO
00 *q

00

6

*

I

e>

:

00 ,j

129.330
195,262

o

IS;

•JODOOD

o

©CO

'

00

00

t

1

M
I

The speculation in cotton for future delivery at this market
opened the week under review depressed by continued
activity in the process of liquidation, under which prices
eharply declined in the course of Saturday and Monday. An
early advance on Tuesday, due to an adverse crop report from
the local bureau of South Carolina and a steadier opening at
Liverpool, was soon lost under renewed pressure to sell arising from a weaker closing at Liverpool and very favorable
weather for the growing crop. On Wednesday, when the
two early months dropped below 8 cents, the buying became
very active, promoted by a better closing at Liverpool, which
caused the bears to show great anxiety to cover their
outstanding contracts. Then the market became quieter, with

<i<i

5

:

I

ooa?ooo

«c6

o

MO

CO
oo

"

e°>:

I

o
*^aoo<i

o

66*^0

toco

00

,(..

5

^^

I

QDGOCOO

mmOm

6ioOm
0000

»*;

to

ODCO

05

5
O

ocop
toto

5
o

MM
^01 to''
a.®;
05
QOOCOOO

0000000
C0C0®10

00 to

CO

O—

00

ooop

5

CCOD

o

3t»
-to

OS

03

ooop
Cdto

^
o

total sales for

to CO

OOl

00

xoo

o

OSOlM'I
si*;

8).-

u

OpoDOOb
CC)^®CO

M

ao)
ecw

o

85°;

I

° 00

001^

C;i|(kM^
I

I

to

to

0005000

ODQOOOO

cicjO^

carf^^-'co

liO,i
CO*.

QCQO

00 CO

QpOO

I

&5":

Ui

CCGC

^

OC'OD

"^

©«:
CD

middling uplands closing at 8%c.
forward delivery for the week are 683,600
bales. For immediate delivery the total sales foot up this week
1,215 bales, including 267 for export, 943 for consumption,
for speculation, and
in transit. Of the above
bales
l-16c.,

««

o

«i^;
ODOOOQO
I

OtOiI

tow'-'to

»OkO

ecto

9P;

MtO^tO

opooooo

ej*^:

I

^

OOXQQO

OpOO

5^

OH*

^

I

»r:
00

ODXCOO

GOOOOCO

co*^

©QD

<r

CJiO'

o
"

to

(-

CO

QCODCOD

OpODOGD

OP

ooccooo

ODOOQOO

0000

QpQp
CSOi

tCtO

QD

QOOi

^«:

I

CO

CCGCOQD

M

I

o

00x000

*<

cotxoao

and Manchester were in financial trouble, and weather reports
from the South were very favorable to the growing crop.
Cotton on the spot declined l-16c. on Saturday, Monday and
Tuesday, but on Wednesday holders refused to make further
concessions. To-day, however, there was a further decline of

s.o;

I

QOUCOOO

00 00

sr:

I

MtOM>«

;
2

WW

»

oto
QDX

oo«

^

O

tOM

0»1|«>-''

OM

I

MM°ii

0000

s.«;

OCOOOQO
lOto'^M

I

values unsettled, andsomeirregularity developed between this
and the next crop. To-day a slightly stronger opening, in response to some recovery in the Liverpool market, was followed
by a sharp decline, in which the lowest figures of the week were
made. The depression was attributed to fresh selling in liquidation, but there was a report that leading houses in Liverpool

HtO°M
mO
W

5
O

MO

-4 to to"'

OD 00000

to to

SI?:;

I

0000000

OMO5
too QT

»
I

0^00

^
O

h-M

«*-;

I

CDCBOOO

0000

a.>^;

ao

e*:

.

a:

ooccooo

<d6^«6

1

OOCOm'^
I

0000

<
1-0 2
o<ii-"'
.

o

oco

•>

to

0000

66

OQQO

a.-J;

I

to

5

0000

'

to

o

"^

S

I

«

1

O

I

to

e^

I

CO

The

LII.

3

0»fl db*

We

On

[Vol..

QpOO

5

ow

"^

;

CCOD

QpCpoOO

OCQOOOD

OOCCOOO

CO

OD

5

»

ODCCOCC

•

—

were

—

The following are the oflScial quotations
— June 13 to June 19.

to arrive.

each day of the past week

UPLANDS.

f

516,6

lb.

6%
714
708

QoodMiddline
Good Middling
MlddUngFalr

5'8
65,6
73,6
79,6

8%

V>
8S,6

8»i«

81fl

8

9I4
958

96i«i

Btrlct

9"i,

10»9
in,« 11

109,6

Fair

GULF.

Sat.

Ordinary
Btriot Ordinary
Good Ordinary
Btriot Good Ordinary
Low Middling
Btrlct Low Middling

Illon

613,

6^
758

Middling Fair
Fair

STAINED.

MlddlSig

8I4

dec.
1,6 dec.
Tuesday.. Quiet at 1,6 dec.
1, a

Friday...! Dull
Total.

atiiadec
267

05

XXOX XXOX ooxox
o>»J®6

xo

too

Ui

XX
-j-j
XM

5
2
'^

o

0000
oboD

o

10

10

lO'e
1138

107e
1138

nion Taea

Wed Tb.

7»J6

5?"
63,8

7Ja
778
8I4
8»8

235
141
155
328
50
39

778

lotat.

141
155
328
50
39
1.215

are

e»

:

I

^

sr;
CO

05
XXOX

xoocx

<lab®Qb

a ob®Do

to

gi

<i <i

5

-i-i

2

sr;

XX
05C5

"<

2

MOtO'^
I

*^

I

^CO

XCD
COO
-

COm

Ob
xo

o

<!

.

o
'^

c;tx
I

SI

;

66
to
I

e

If

xcooco

CD

,

M

:

OCO

"»

wr;

*4
•?

to6

o

05if

''

I

si«;

If
XCDOX

If

2
^

SI

CD

a
I

°?°?.

;

CO

g

i(g.»;

coo CD

^Oi
00
-03
CO

CO

2
"

If

o

05

5

coco

5

66
oto

I

C06® 6

X05

"^

riOfi

ccto

S>J

o

er;

o
xooox

MX

66
OUi

I

I

XCD
COO

opx

"^

s^i;

XX
05-1

XX
00

I

ft

-'-^

si^;

OCX
a

XXOX
'CD

71s,

«

I

COCOOCO

I

«

CO
,

:i.i

CDCOOCD
^,10,:,
0<05

05

Includes sales In September, 1890, for September, 228.300; September-October, tor October, 349,300; September-November, for November,
382,700; September-December, for December, 947,300; September,
January, for January, 2,260,800; September- February, for Fehruarj-1,589,100; September-March, for March, 2,447,60(1; September-April,
*

for April, 1,512,400; Septembei^May, for

102,900
119,500

5

2

<i-i

to

5>a
6l8

Sates of
Futures.

XX 5 XX

^to°6

CO

5
o

I

Frl,

10

(35

opx

5
2
*

sri;

I

CO

if
XXOX XXOX XXOX

X05

XX
66
XX

opxox XXOX
6-j®6 6-i°6

ocxox

Si*;

OIO
gi;

®>i;

to

5

^O
1

I

*Jx®ob

coob
I

ll^l.

7

502

948

I

XX
I

XXOX XXOX

<
O
tOMM'^

0. 05

X
XOX XXOX
XXOX
^Oji
-joo°-j
CD
05
-OCO
X

,

;

Si"'*
9»I8
9">I8
101S,6

63,„

7^8

®
lU

Si"
6=8

611.,

63,6
71,6

I

XX

Si,":
-J

I

to

o

6C5
I

XX
0510

634

"

C5

If

614

f.Oa
CJia5*-^05
tc<l
CO

^OltO"^

coco

The Sales and Prices of Futures
following comprehensive table:

I

If
xxox

9-";

to

Con- Spec- Transump, ut't'n sit.

Wed'day .Quiet
Thursday Dull

O
0505
XOtO'^

e»*:

^to

SALES OF SPOT AKD TBAN8IT.

•267

I

00 O
XX <

Toe* W«d Xb. Fri

days.

port.

5
o
iic-.
C.mm"1

d>o
0505*^01

^

For the convenience of the reader we also add
a column which shows at a glance how the market closed on

Saturday Quiet at
Monday.. Quiet at

XX

<i^to''
81°:

05

^

®?:

I

1^

5=8

Ex-

5

o

cjtc;'

05

statement.

SPOT MASKET
CLOSED.

OCX

I

MARKET AND SALES.
The total sales of cotton on the snot and for future delivery
each day during the week are indicated in the following
same

OCX

to

5
o

0(C;>

X^l

«r;

OiM

101,6 10
1016,8 10^8
117-8 1138

6H

cjidi^cji

I

XX

86,6

718
716,8

o
xxox

o
tCMM''
c;iO«

838

8'16

8'8
9S8

8>6l6
911,6

<I10

99,8
99,6
99l6
9>a
107,8 107,6 107,
1038
1015,, 101^,6 10"l6 10^8

8^8
9»8

8%

6»16
7S16
8

Low Middling

7^16
713,^

7''8

8^8
908

81J?,

9

tflb.

Btrlct

7's
77e
8f4

7»a

Zi^'8
85.

838

Sat.

53i

79,i

8

1018
11
111*

Pri

513,6
6I4
7*8

79,8
716,6
86,6

It'"

9\

Tli.

7%

f,>8

711,6

l(^

ou

513,6
6>4

614
7ie
714
7'8
8I4

If

x^».

for

Wed

5l3,f

6I4

638

^yib.

MlddUng
GoodMlddlmg
Btrlct Good Middling

Qooa Ordinary
Good Ordinary

Idon Tnea

Sat.

Ordinary
Btrlct Ordinary
Good Ordinary
Btrlct Good Ordinary
IjOw Middling
Btrlct Low Middling
Middling

ooop

—

May, 1,808,900.

The following exchanges have been made during the week:
•40 pd.
10 pd.
•57 pd.
•11 pd.

to
to
to
to

exch.
exch.
exch.
exch.

500 Aug. for Jan.
200 Aug. for Sept.
400 July tor Jan.
200 July for Aug.

I

|
|

10 pd.
—
pd.

to exch. 100 July for Aug.
to exch. 1 ,000 Aug. for Apr.
pd. to exch. 700 Sept. for Oct.
-20 pd. to exch. 100 Sept. for Nov.

•—

135,8(10

134,600
73.500
117,300

683,600

shown by the

The Visible Supply of Uotton to-night, as made up by cable
and telegraph,

is as follows.
The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complote
to Thursday evening.
figures for to-niglit (June 19), we add the item of exports from
the United States, including in it the exports of Friday only.

June

THE CHRONKJLK

80, 1891.J

946

IHOO.

1880.

1888.

balea. 1,170,000

1)11,000

17,000

11,000

848,000
14,000

676.000
15,000

QOOTATIONB FOB MiOOLINO COTTOll AT OTHER MaRKKTS.—
Below we give cloaing quotations of middlinx cotton mt Southem and other principal cotton markets for each day of the week

Total Qreat Britain stock. 1,187,000
4,500
Stock at Hiiiiiburg
137,000
Stock At Brciiiuu
22.000
Stock at Aiiistvrilam
400
Stock at UolterdaiM
0.000
Stock ul Antwerp
25'i,000
Havre
Stock at
10,000
Stock at Mursoilles
107,000
Btoek at Barcelona
10,000
Stock at U !.>.i
33,000
Stock at X.iesle

022,000
3,000

862,000
2,300

))6,000

38,(100

Wik

7,000

10,000

601,000
3,400
40,800
13,000

200
6.000
16U,000
4,000
70.000
8,000
0,000

25.000
103.000
5.000
64,000
13,000
9,000

155,000
3.200
65,000
7,000
8,000

694,000

372,800

279,200

290,4'

IS9I.

Stock at Liverpool
Btook at Lomlon

Total Continental Stocks

300

Total European stocks.. .. 1,771,900 1,294,800 1.141.200
211,000 250,000 141.000
India cotton alfoat for Europe.
eo.ooo
130,000
46,000
Amer.cott'iinlloat for Europe.
32,000
18.000
34,000
Bftypt.Brazll.A-c.atlt forE'rpe
322,317
149,148 219,0.33
BUiok lu United States ports ..
104,057
20,821
20,878
Stock In U. S. Interior towns..
1.100
4.943
3.983
United States exports to-day.

Total visible supply

300
700

83,000
60,8H»

American

alloat for Europe...

United States stock
Dnlted States luterlorstooka..
United States exports to-day.
Total American
Jla$l Indian, BrwtU, <te.—
Liverpool stock
London stoek
Continental stocks
India afloat for Europe

600,000
273.000
46,000
149,148
20.821

583,000
159.000
60.000
219,053
20,878

1.100

4,943

Egypt, Brazil. &c., afloat
Total East India, Ac
Xotal American

268,000
14.000
120.200
141,000
34,000

311,000
11,000
99,800
250,000
13,000

Widrttt.

8...

8

8

Havannah...

oonoa oa—
nun.
#H.

8i,«

8

o

7.»„

8

71»„

71.,.

Wilmington.

8

1

Norfolk

8I«

Boiton

80.

8««
8>a

7.3..

Charleston.

—

8»B
8^8
8U.

8 '4

Memphis

Louis....
Cincinnati..

Is'"

Louisville...

8\

St.

8

8
8

!;•

IV*

!••

8%
S\

8

8

8>«

8

8
8

8

8\
8\

8^
»\

8H
6\

k

ll,9t>3

The

50:t,000
17iJ.CK)0

8;i.000

313.016'
60.H88
11,903

1,914,359 1,090,069 1,051,874 1,147,867

226.000
17,000
174,900
211,000
32,000

MiDOLtao

Tuet.

Orleana

Baltimore...
Phllad«lphla

2,575,259 1,779,869 1,627,074 1,625,267

944,000
410,000
130.000
322,317
104.037
3.985

Kew

Au^sta

Amencan—

bales.

QalTecton...

Jfon.

MobUe

l.^o,ooo

Ot the above, the totals of American and other descriptions are as folio ws:
Liverpool stock
Continental stocks

Salur.

nS7,400
19,000
3 13,0 III

0UN»o qooTATiom rom

itxHng

173,000
I'j.OOO

closing quotations to-day (Friday)
Southern markets were as follows:
8 >•{ Little Rock....
7><
Atlanta
Columbus, Oa.
Montgomery .
8
7°b
Columbus.Uiss
7^ Nashville
8
Bufaula
7!>g|Natobez
7H
.

2,575,239 1,779,869 1,627,074 1,625,267
Total visible supply
6l,jd.
5iDd.
Mid. Upl., Liverpool...
4»,»d.
Price
67,td.
12iec.
Yc
8%o,
110.
Price Mid. Upl., New York
lO'isC.
•

ly The importa into Continental ports this week have been
82.000 bales.

The above figures indicate an increase in the cotton in sight
to-night of 795,390 bales as compared with the same date
of 1890, an increase of 948,185 bales as compared with the
corresponding date of 1889 and an increase of 949,992 bales
as compared with 1888.

Newberry

7

Rnleigh

8

Belma
Shreveport

....

7»i«

Receipts From the PLANTA'noNs.— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipta nor Southern
consumption; they are simply a statement of the weeklT
moToment from the plantations of that part of the crop which
finally reaches the market through the outports.

120,100
150,000
19,000

660.900 689,800 575,200 477,400
1,914,359 1,090,069 1,051,874 1.147,867

at other important

IkcHpU

w«tk

Mar

16..

"

M..

"

29.

JUM

at tfw Port*. Sfft ot Int«r<OT Tavmt. lUc'pU from PUinCiw.
1890.

1889.

1889.

1890.

1891.

18.487
9,748

11,605

88,619 48,819
88,891 14,194
83.082 88,418
30.998 tutoe
27,303 88,008
80.821 28,878

7.890

18.888
8,776

8.710

4.487

"

IS.

6,188

4.88A

"

19..

8,301

3.847

i.,

The above statement shows:

1.

I

1891.

1889.

44,189 175,706
88,073 168,059
33,608 112,696
SI,U1 131.781
88,882 119,785
22.627 112.811

1890.

1891

5,861

5,818
1.900

7,787

5

2,110

90,068

436

W.807

4.U1 17,718

1S.84T

87

—That the total receipts from

and since September 1, the shipments
week and the stocks to-night, and the same items

the plantations since September 1, 1890, are 6,931,035 bales; in
1889-90 were 5,784,728 bales; in 1888-89 were 5,493,203 bales.
2.
That, although the receipts at the outports the past week
were 20,621 bales, the actual movement from plantations wa»
only 13,647 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
bales and for 1889 they were
for the same week were
87 bales.

corresponding period of 1889-90
following statement.

We give below a

AT THE Interior Towns the movement—that is
for the week,

—

is

the receipts
for the
for the
set out in detail in the

tflWC-'rHBia!

c 1

S'

=

t=

»

9t

<»

C

eg

§'=.= -'^3

WW

pr.

••

QD

O

or

op
P

1-3

(XI

5.I..

O

—

Overland Movement for the Week and since Sept. 1.
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
This weekly
the principal matters of interest are given.
publication is of course supplementary to the more extended
monthly statements. The results for the week ending June 19
and since Sept. 1 in the last two years are as follows:

g-t

1889-90.

1890-91.

June
ace

CO

<0 «! CO

X

ifr.

i-

tO'
M *i CO 0»

:

o*-^«®aaD^*-co.

•
:
.

rdc;))^!-*

19.

Since

Week.

osit*-

^lOCOCOQOtC
Mc;ioccococ

Sept.

1.

Sinet

Week.

Sept.

1.

Shtpped—
to
*o CO

a

--'

to Oi !C C£

^ cd Iciv >-•

Id

CO

C0 05

W

I—

-J

«-•

Via
Via
Via
Via
Via
Via
Via

COQCK)«OtOCOO:»C-'-J«Or-CCrf*.i-'CCi*»QD(XOi
os^ tf*pa» Cipro oc CO 0050 vipt-a COM 31*.

OSh-MtCtOWOXC^'CStOH-CCP'COlOXCCt

;

IC
tfirs

MK-a'<i.

-0

owi-.To^ »- »«&'
a<)0<IO O3WC0<i:
I^^^CC<]^a;DIOIOi

•'

;
•

C*"

COM-^rfktCtOO-

:

Orf»^cc^c;(:;iCi-Jc;«©;

[

(-Citoccociancoai-*'

•

1-

M 'X M -'

occ^cooi.

tOM

ifkiooiM

to^r*fctc*k'to;o

O X to X
M 0« ^ -1 tC *J *1

C3

tC

•-'

<j;

M

(->

M©

i*. *».

1,483
1,215

Louisville

431

&c

iff

c;t

^

^

^0C»-»i^»OC0IO'^l*5^CnC0'v|-lC0OiX«D

j^^XC^ljO^'-'XykXi^t^-^PpUixpOD

is 'I

co*®wb® cb':.^VTtoo'Vi'i..'--'xtoo'x
if^

c

)«»

-^

693,
1,130|

4291

4,556 1,413,431
13
1,611

354,942
56,573
116,613

Total to be deducted

8,973

580,890

2.577

528.128

Leaving

2.284|l.010.052

1,979

885,808

total netoverland»..i

Including

movement by

rail to

953

Canada.

The foregoing shows that the week's net overland movement
year has been 2,284 bales, against 1,979 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 124,749 Dales,

tCM i(k ko to X X If*

V ^] ^ o w

1889-90.

1800-91.

C'l

In Sight and Spinnert'
Takings.
co«io>-'<^:
OJ #^01000-

0»X
to

M v* a*

•

J

Receipts at ports to Juno 19
Net overland to June 19
a

.

coo«cjji-

I

CO! Co! Mi^i^
QCO
tOW> O* CDtD^F'OO

-;

10 •

S^otoOito!
*

627,261
310,97*
58,78S
20,780
122,875
214,803
158,002

365,128
111,096
104,666

4,066

87

*kCoosi— •'itcQts;Cixt—:;»0'CiCJ'tcC'-5C'
10

~ii267 1,590,942

894
1,410|

this

^

cocfl

o

85,262
27.292
206,023
177,054
145,938

295,833,

1,820

oxooiO^Joo

W05' ©©*»'XXMQO*»

653,540

70

Interior towns
Inland, &e., from Booth

*

coto

3,371
1,635

52

Evansvllle
Clnciimatl
other routes,

Between

M CO
'ICtOCOtf-XOD
T-ac-^OOM
.*k

Hannibal

Total (rross overland
Deduct shipmftitt—
Ovcrlaud to N. Y.. Boston, Ac.

<llOO>Oc:>ODOCO
*l<»CJO-q«d-slM

K- CO 0<

OtXCCKf

Kto

i3coeaC(»

Louis
Cairo

St.

_ _
tO^I

:0K)C30a

i^coto
V<K>CD
c;»

to

1^.

^

wo
A ^ Oa
oo
to:
CO

.

The above totals show that the old Interior stocks have
decreased during the week 6,177 bales, and are to-night 83,236
bales more than at the same period last year. The receipts at
the same towns have been 6,424 bales more than the same
week last year, and since Sept. 1 the receipts at all the towns
are 695,734 bales more than for the same time in 1889-90.

..

Boutheru consumption to Jane 19
Total marketed
Interior stocks in excess

Louisville Usrures "net" in both years.
Last year's flKures are for Orimn.
This year's flgures estimated.

Came

Since

Week.

into sight during week.

Total in sight June 19

Wortyn spinners tak'gs to fne 191

Sept.

1.

20,621 6,831.837
2.284 1,010.052
7,000 513,000

Sinet

Week.

Sept.

1.

3.347 5,774,845
1.970 885,303
7,000 460,000

29,905 8,354.889 1-2.326 7,119,948
10,083
99.1»8i •4,155,
•6,974
8.171,

22,931
8,454.087
1

,920,1671

|7,130,0S1

1.725.916

Loss in stoek daring week.
It will be seen by the above that there has come into sight
during the week 22.931 bales, against 8,171 bales for the
same week of 1890, and that the increase in amount in sight
to-night as compared with last year is 1,324,056 bales.
'

THE

946

(JHRONICLE.

—

Wbathkb Ekports by Telegraph. Telegraphic advices to
us to-night indicate that rain has fallen in most sections of
the South during the week, and at some points the rainfall
has been abundant. As a rule cotton is developing promisingly, but in a few districts grass is becoming troublesome.
Oalveston, Texas. We have had one light shower during
the week, the rainfall reaching six hundredths of an inch.
The thermometer has ranged from 74 to 86, averaging 80.
Palestine, Texas. It hfis been showery on one day of the
week, the precipitation reaching five hundredths of an inch.
Average thermometer 82, highest 96 and lowest 68.
Huntsville, Texas. There has been rain on one day of the
week. Cotton is doing well. The rainfall has been twentyThe thermometer has averaged
five hundredths of an inch.
82, the highest being 96 and the lowest 68.
Dallas, Texas. The weather has been dry all the week.
Corn needs rain but cotton is doing nicely. The thermometer has averaged 82, ranging from 68 to 96.
San Antonio, Texas. There has been moderate rain on one
day of the week, the precipitation reaching twelve hundredths
of an inch. Crops are doing well. Tlie thermometer has
ranged from 66 to 96, averaging 81.
Luling, Texas. Rain is needed for corn, but cotton is growAverage thermometer 84, highest 100 and
ing finely.
lowest 68.
Columbia, Texas. Rain on one day of the week has been
of great benefit. The rainfall reached forty hundredths of an
inch. The thermometer has averaged 81, the highest being
96 and the lowest 66.
Cuero, Texas. Crops are fine. No rain has fallen during
the week. The thermometer has averaged 84, ranging from

—

—

—

—

—

[Vou ui.

the precipitation reaching forty hundredths of an inch. Average thermometer 83, highest 89 and lowest 74.
Augusta, Georgia.— The weather has been warm and
sultry during the week, with light ra' q on one day, the
precipitation reaching ten hundredths ol an inch. Crop reports are confiicting.
The thermometer has averaged 80
ranging from 68 to 93.
Savannah, Oeorgia.—We have had rain on five days of the
week, the precipitation reaching fifty-five hundredths of an
inch. The thermometer has averaged 79, the highest being 92
and the lowest 70.
Charleston, South Carolina.
have had rain on two
days of the week, the precipitation reaching fourteen hundredths of an inch. The thermometer has ranged from
72 to 89, averaging 80.
Stateburg, South CaroJma.— Rain has fallen lightly on three
days of the week, to the extent of thirty-four hundredths of
an inch. Average thermometer 77-6, highest 91, lowest 65.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3

—We

—

o'clock

June

and June

18, 1891,

19. 1890.

J«ne

—

—

—

68 to 100.

—

New Orleans

Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low- water mark.

Memphis
Nashville

Shreveport
Vicksburg

India Cotton Movement
and shipments of cotton at
the week and year, bringing
BOMBAY BECEIPTS AND

June

18, 91.

19, '90.

Feet.

Feet.

7-7
19-9
5-3
14-8
27-6

18-8
5-3
17-9
32-3

121

prom all Ports.—The receipts
Bombay have been as follows for
the figures down to June 18.

SHIPMENTS FOR FOUR TEAR&.
Brenham, Texas. It has rained magnificently on one
day of the week, the rainfall being seventy-five hundredths
Shipments this week.
Shipments since Jan. 1.
Receipts.
of an inch. Crops look fine. The thermometer has ranged
Year Oreat Conti- „
Oreat
ContiThis
Since
from 68 to 98, averaging 83.
^"toiTotal.
BHt'^i. nent.
Brilain nent.
Week. Jan. 1.
Belton, Texas. Crops continue fine. Dry weather has prevailed all the week. Average thermometer 87, highest 98, 1891 2,000 30.000 32,000 88.000 827,000 915.000!48,000 1,662.000
1890 13.000
,

,

—

lowest 76.
Weatherford, Texas.—'the wheat harvest is finished com
is made and cotton is promising.
No rain has fallen all the
week. The thermometer has averaged 78, the highest being
96 and the lowest 60.
New Orleans, Louisiana.
have had rain on seven days
of the week, the rainfall reaching three inches and thirty-two
hundredths. The thermometer has averaged 78.
Shreveport, Louisiana.— Th^xB has been rain on three days
of the week, the rainfall reaching thirty-eight hundredths of
an inch. The thermometer has ranged from 67 to 93, averaging 81.
Columbus, Mississippi.— It has rained on four days during
the week to the extent of one inch and nineteen hundredths.
Average thermometer 80, highest 94 and lowest 67.
Leland, Mississippi.
have had rain on four days of the
week, the rainfall reaching two inches and seventy-three hundredths. The thermometer has averaged 78'4, the highest
being 90 and the lowest 67.
Clarksdale, Mississippi. Cotton is becoming grassy, rain
having fallen on six days of the week, to the extent of five
inches and seventy-eight hundredths.
Meridian, Mississippi.— Crops are growing well, but stands
are poor in a number of sections. The thermometer has
ranged from 58 to 88.
Helena, Arkansas.— It has been showery on four days of the
week, the precipitation reaching two inches and fifty-four
hundredths. Crops are much improved in appearance, but
too much rain has started grass. Average thermometer «0,
highest 90 and lowest 68.
Memphis, Tennessee.— Crop prospects have improved, but
dry, clear weather is now desirable, especially in bottoms,
where grass is becoming troublesome. It has been cloudy
and showery on five days of the week and now looks threatening.
The precipitation reached two inches and twelve
hundredths. The first bloom was received on Saturday last
from Benoit, Miss. The thermometer has averaged 79, the
highest being 91 and the lowest 67-5.
Nashville, Tennessee—It has rained on three days of the
week, the precipitation reaching forty-seven hundredths of an
inch.
The thermometer has averaged 78, ranging from 66 to
;

42,000(55,000 3]6,000(956,O00i].272,000:.S5,OO0 1,790,000
2.000 5,000 7,000 315,000|T!11,000 1,136,000 33,000 1,558,000
18881 9,000 13,000122.000 189^000)56 1,000
750,00020.000 1,214,000

1889

1

Shipments for the week.

—We

—We

Continent.

1,000

4,000
5,000

Calcutta—
1891
1890

Madras—

Continent.

4,000
6,000

18,000
24,000

41,000
73,000

59,000
97,000

1,000

4,000
0,000

2,000
5,000

6,000
11,000

Total.

Total

1,000

1.

Oreat
Britain.

1891
1890.....
All others—
1891...,
1890...,

Total.

2,000
3,000

1,000
1,000

3.000
4,000

17,000
19,000

13,000
19,000

30.000
38,000

2,000
5,000

5,000
6,000

7,000
11,000

39,000
49,000

56,000
97,000

95,000
146,000

aU-

1891
1890

EXPORTS TO EUROPE FROM ALL INDIA.
1891.

—

01.

Oreat
Britain,

Shipments since January

Shipnients
alt Europe

to

from —

Bombay
All other ports.

1889.

Since
Jan. 1.

This
week.

32.OO0I

915,000
95,000

55,000 1,272,000
11,000 116,000

7,000 1,136,000
114,000

39,000ll,010,00o! 66,0001,418.000

7.000 1,250,000

7,000

Total

1890.

This
week.

This
week.

Since

Jan.

1.

Since

Jan. 1

ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria, Egypt,

June

15.

Receipts (cantars*)
This week
Since Sept.

1890-91.

1889-90.

1888-89.

5,000
4,012,000

3,160,000

1,000
2,722,000

1.

This
Since
week. Sept. 1.

This
Since
week. Sept. 1.

This
Since
week. Sept. 1.

3,000 380.000
2,000 227,0001

1,000 261 ,000
2,000 163,000

1,000 223.000
1,000 155,000

5,000 507,0001

3,000 424,000

2,0001378,000

Exports (bales)—

To Liverpool
To Continent
Total Europe

A cantar Is 98 DOunds,
Manchester Market. — Our report received by cable to-night

*

Mobile, Alabama.— Abnjxdant rains, with high temperature
from Mancliester states that the market continues easy for
have had ram on six days of the week, the rainfall reaching both yarns and shirtings. There is talk of resorting to short
four mches and twenty-two hundredths. The thermometer has time. We give the prices for to-day below, and leave those
have caused vigorous development of the cotton plant. We for previous weeks of this and last year for comparison:
ranged from 71 to 89, averaging 79.
1891.
1890.
Montgomery, Alabama.— Crops are doing very well. We
have had ram on three days of the week, and the balance of
CoU'n
Colt'n
8I4 lbs.
32« Cop.
lbs.
32»
Cop.
8H
Mid.
Mid.
the week has been warm and dry. The rain-fall reached
Twist.
Shirtings.
Twist.
Shirtings.
Uplds
Vpld*
Bixty-nme hundredths of an inch. Average thermometer 78

highest 92, lowest 65.

'

Selma, Alabama.— There has been rain on three days of the
week to the extent of one inch and fifty-one hundredtlis
The thermometer has averaged 79, the highest being 91 and
the lowest 73.
Auburn, .d/abama.— Telegram not received.
Madison, Florida.—Crops are looking well, considering the
wet weather. There has been rain on five days of the week
to the extent of three inches and seventy-five
hundredths'
The thermometer has ranged from 71 to 92, averaging 79.
Columb^is, Georgia.—It has rained on one day of the
week

My

d.

d a. d.
®758 5 10

e.

d.

d.

d.

d.

®6 10
413,, 87,a»8i3i.
...Holiday ...
81*
"4%" 8»g a8''e
®8''8
®7'e 5 10 <r6 10
7iifl S7»u 5 10
«6 10
4%
12 7
«7Js 5 9>3*6 912 4=8 8^iii®8i3|g
" 196'ti.'a77,ft 5 9 ai6 9
48|« 8% «8%
15 718

22
29 7>e

I

».

d.

6
6

4

6
6

s.

®7

4>a*7
3^-(f7

4JDa7
6 4is®7
6 4 87

d.

d.

4

6>3
4V! 6a,8
4'«' 6=8
6»,8
4'ii
414' 61s
3
67,8
1

European Cotton Consumption for J one 1.—We have
received to-day, by cable, Mr. Ellison's cotton figures brought
down to June 1. The revised totals for last year have also
been received and we give them for comparison. The spinners'
takings in actual bales and pounds have been as follows:

THE CHRONICLE.

JiTNE aO, 1801.J
October 1

to

June

OonHnttU.

Oreat Britain.

\.

2,S91.000
T«klnK«by aiiliiners...balea|
3,130.000
5,711,000
471-2
481
AversKe welKlit of balea.lb8(
463
TaktDgti In pounds
1,246,371,000 1,444.960,000 2,690.831.000

rofat bat4§.
LtrenxMl. per iteaineni AUatla (aiMIUonali,
fil6....Arlxona, 1.019 ...City of Berlin. I,nOO....Etrurla,
270 ...luly, 883 ...Mn.|niitlo. 352.... Taaric, 3,093
6,088
To Hull, per ateamer Hlmloo, 86
8S

Maw Toaa—To

For 1889-90.

To Harre, percteamer LaCbampune, 491
To Bremen, per ateamer Pulda, 203
To Hambnrg, periteamera MoraTla, lOO ...WleUnit, 300..
To Antwerp, per iteaoian RbrnUnil. 739....Wes(emland,

Oct. 1 to

Jwne

000«

1889-90.

1S90-91.

1.

taek.
omitted.
Ibi.

Bplnners' stock Oct.

Oreat
Britatn

Conti-

Total.

nent.

Oreat
Britain

77.
3.116,

167.
3,612.

244,
6,728,

Sapply
3,193,
Oonsampt'u 35 weeks. 2,940,

3,779,
3,065,

6,972
6,005

2,99S,

714,

967,

272,

Taking

to

June

1.

1

Bplnners' stock June 1

Wttkly Oonmimption,
00« omitltd.
In October
In November
In December
In January

In February
In March
InApril
In May.

253,

55.

2,910.

OonMTotal.

ntnt.

181.
3,248

298

1,037

To Naples, per steamer OerKOTla, 200

To Havre, per ateamor Marseille, 6,734
To Krenipn, peratnamera Antonio, 3,550
European. 5,824
To Antwerp, per atearoer Marseille. 100
To Rarceloiiii, per steamer Martin Baenz, 3,450
Bavannah— To Hiirni'Inna, per Steamer Eglantine, 3,841
Norfolk— To IlainbiirK. persteamer Proclda, 459
West point— To LIv.timx)!, persteamer Frodcrloo, 1,225
per steamers Cepbalonla, 278
Georgian, 4,039 ...Roman, 1,468
To Yarmouth, per steamer Yarinoath, 100
Baltimork— To Bremen, per steamer Oera, 400...
To Ilnmliiirg, pr-r steamer Ootbla, 51
To Kotterdiim, pw steamer Patapsoo, 1,246
FaiLADKLPHiA—To Liverpool, per steamer Lord Ooagb, 599

89.0

76,0
77,0
77,0
79,0
79,0
79,0
79,0
79,0

80
80,0
80,0
83,0
83,0
83,0
83,0
83.0

156,0
157,0
157.0
162,0
162,0
162,0
162,0
162.0

supplied the transactions in jute butts are on a very limited
scale.
Ruling prices are l-20c. for paper grades and l^c. for

bagging quality.

Domestic Exports of Cotton Manufactures.—Through
the courtesy of Mr. S. Q. Brock, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for April, and for
the ten months ended April 30, 1891, with like figures for the
corresponding periods of the previous year, and give them

below:
Quantities 0/ Manufactura of Cot- Montli endtnQ Apr. 80. 10 mot. ending Apr. SO
ton [colored find uncolored)
exported tn
1880.
1891.
1891.
1880,

pool.

Hull. Bavre.

86

6,935
Orleans, 16,542

Norfolk
West Point
Boston
Baltimore
PUladelp'a

491
6,731

Tarburg. Antio'p.Naplei. mouth.
501 1,027
-200

9,374

Germany

Other countries In Europe....
British North America

Mexico

4^7,469
2,044
268,625
161,622
611.891

8,319,7761
421.882
1.^73.445

428.187
5.786,493

Central American States and
British Honduras
Indies

West

Argentine Republic
Braiil

United States of Colombia...
other countries in S. America
China
British East Indies

Other countries in Asia and
Oceanica
Africa
Other coontrles

848.896
651.140
12,670
497.717
44:<.034

1.470.349
1S.18S.S8H
76.661

11.882.760
1-0663

Germany

France
other countries In Europe
British North America
Mexico
Central American States A British

Honduras
West Indies

Argentine Republic

|S0,984

IJKH

3,804

8.360
1.119
60,968
BJtlS

416
17,8^1
42.171
7,916

8.789
18,0:8

4.491
10.474

see
8,770

Onited States of Colombia
other countries In So. America

«3M

8.M9

8.644
8.806

Oceanica
Africa
Other conn tries

Total Tains of other masufaotores of
A«gr«»af Tains of al 1 cotton soodii

$9,741,414
»-0687

1261,487
19,177
4,413
35,887
897,833

187ai7
67,040
91,376
6,038
88.808
41,8a»
88.618

867

Braill
British possessions In Australasia
-ether countries In Asia and

8.37S.828
12.153.104
1.0411.843;
S. 443.267
5.S14.775
l).0,B.568
8.049,244
1.5113.140
IS.T.IS.HM.S 14.470,258
61,263,«»rt V6.22<l.im
4,630,138
4,013,971

94.461,866

(706,385

t40.16B

S.1SI

7,190,578

12,I4'),537

10,281,774 141,829,71)0

893,200

19,866,108

5I0.7.S0

l.a'H.387
480,062
6,519,605

4,668,630
6,«9«,712
3,637,061

63.424

Total values of aboTS.
Value per yard

e.li?4,gfl7

3,800,819
6,457.610
4.957.840

970.723
1,843,267

Total yards of abore.

Valuei of other Ifanufacturet of
Cotton exported to—
Sreat Britain and Ireland

433.175
1.198.470
279.994
1,008,263
182,117
1.268.914
1,010.000

86l.9fij

187.613

9,248
86.200

3,841

3,841

451

1,246

599

599

100 59,119
86 7,225 10,788 2,373 7,191
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Waw Orleaks—To Liverpool—Jane 13—Steamer Darien, 6,350....
June 15- Steamer Explorer, 4,100,
To Havre -Juno 16— Steamer Havre, 5.111.
To Hiimhurg— June 13 -Steamer Cheruskla. 1,150.
To Antw.-rp— June 16— Steamer Havre. 4 19.
Norfolk— To Liverpool— June 16— Steamer Frederlco. 250.
NawpoHT News- To Liverpool -June 12— Steamer Toledo.
Boston— To Liverpool -Jane 9 -Steamer Columbian, 3,915. ..June 12—
Steamer Snmaria,
June 15— Steamer Mlctiigan,
To Halifax -Juno 13- Steamer Carroll, 52.
BALTiMoaE— To Liverpool-June 3— Steamer Bossmore, 1,799
June li-8teamer Nova Scotian, 2,193,
To Bremen— Juno 10— Steamer Weimar. 400,
To Rotter lam-June 12— Ste.imer Ilrblno,
Philadelphia— To Liverpool— Juno 16— Steamer Indiana,
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
CiTT OF Richmond, steamer (Br.), from New York, June 3, for Liverpool, arrived at the latter ptrt June 15. A Ure wa^ disoovered
among the cotton in the forehold on the 9 :h. She wa? put lo the
Hornby Dock, Liverpool, June 17, and when the hatchea were
removed from the hoM In which the burning c:itton was stowed
smoke and Qiimes came out. The flremeo Immediately fl >oded the
hold. There are 600 bales lo the burning hold, of which 200
bales were taken out June IS. Most of the cotton Is badly charred
and many bales are destroyed. The vea.sel lia^ recovered from
her list to port. The Are was mainly on the port side. There the
plates are bulKed and the paint Is peeling off. It will bo necessary
to remove another hundred bales l>efore the Ore can be subdued.
Total.... 31,036

.

.

The City of Richmond carried 2,082 bales of cotton.
Ootton freights the past week have been as follows:

16.765,200
$-0716

1890.418
34.036
7,667

43,148
257,703
167.847

Uverpool, steam (f.
Do Ute deUv'y.d.
«.
Oavre, a.«.iic

Do saU
Bremen, steam.,

Do

»38

»S2

\i

»33

• ..a

....

.--.

.—

84.188.

83.846
81.8)) I

fas

^18

....

....

.—

..•

e.

*i»

»S9

*S3

*n

»»S

»I8

•••

....

-.•

....

....

>«

H

"8

H

>8

d.

....

...*

....

27V

27'«'

27V

27V

..«

....

....

...a

....

....

»l.

»i«

SlS

»I«

»1S

"it
•>••

—

....

....

....

....

\.

>4

H

H

^

•.,2

>33

"SJ

»sa

'«.

•S3

"S4

"S4

•.4

».4

"«4

"S4

"^

u„

".4

».4

».4

»«!

lbs.

—

By cable from Liverpool we have the following
icatement of the week's sales, stocks. Ac, at that port.
LivEBPOOL.

lales of the

week

bales
Of which exporters took..
Of which speoolaton took.

American

43,000
1„300'

1.400

43.6e.'<

Sales

...............

34,000!

80.861

Aotnal export.................

2.000

368,127
6,7«S
22,734

tl,4S6,19l

tI,3«4.1S7
$8,129.865

1168,878

1.

176,605

27%'

H

48.9-<8

»864J57'«1

>•

....

2714*

241,469
8,996
32,759

6S4|

*»

....

843

8KS

fu

'»S

....

iraj/29,
61.147
83.385

S*8

•'a

<f.

Per 100

ha

....

Indirect.. <*.

saU

JH.

Tt8

Barcelona,steam d.
3«noa, steam., .d.
rrleate, steam... d.
•

fuM.

Indirect.*.

Beval. steam

Do

Man,

r.

9ambarg,steam.(i.
Do via lndlreot.d.
4jnst'd'm, steam.e.

Do

Wednet. Ikun.

Aihtr.

35.<08|

1188.931

1,325
5,885
1,697

100

5,785

S,t)88

>l.4a5.()81

459

459

81.989
i.8«a

Total.

100 3.450

1,225

—

432.n5«
U.OSx
KT.OIO
S9.208
629,897

599
59.149

.

—There

and the close to-night is at 5J^c. for 1^ lbs., 6J^c. for 2 lbs.
and 6%c. for standard grades. Manufacturers being well

yards

51
1,246
. .

Bremen Roller- Barerdt Ram- dam it
lonn <t

Liver-

has been only a moderate spot inquiry for bagging during the week uoder review,
but considerable orders for future delivery are said to have
been received. Quotations have been steadily maintained,

Great Britain and Ireland

100
400

particulars of these shipments, arranged in our asual

835,

The foregoing shows that the weekly consumption in
Europe is 173,000 bales of 400 pounds each, against 163,000
bales of the same weight at the corresponding time last
year. The total spinners' stocks in Great Britain and oa the
Continent have decreased 31,000 bales during the month, and
are now 133,000 bales in excess of the same date last year.
Jute Butts, Bagoino, &c.

459
1,325

to-m, are as follows:

Savannah
171,0
171,0
171,0
171,0
171,0
171,0
173,0
173.0

100
3,450
8,841

8,785

^

Total

!«,

87.0
87,0
87,0
87,0
87,0
87,0
89,0

9374

Liverpool,

New York.
84,0
84,0
84,0
84,0
84,0
84,0
84,0
84.0

6,734

236.
8.188,

3,429. 6,424,
2,866, S689.

563

200

Liverpool, per ateamera Aaatrallan, 3,718
..Dliooverrr, 4,912 ..Kiiilllano, 4,050. ..Historian, 3,861 10,542

The
2,723,

491

204
300

saw OBiaARS—Tb

Bos-roN- To

B9lf of 400

exports of cotton from the United
mail returns, have reached

states the past week, as per latest
89,149 bales.

TaklnKB by (>i>linierfi...bale8i
2,480,000
3,891,000
B,374.000
458-7
Averat^e welgbt of baloa.lb8.
470
449
TaklMgg In poundg
11, 165,679,000 1,393,482,000 8,465.161,000

Aecordinu; to the above, the averaj^e weight of the deliveriea
in Oro»t Britain is 431 pounda per bale this season, ai^ainiit
470 pounds during tlie same time last season. The CoDtinental
deliveries average 463 pouads, agaiast 440 pounds last year,
and for the whole of Europe the deliveries average 171-3
pounds, against 4.5')-7 pounda. Our dispatch also gives the full
movement for this year and last year la bales of 400 pounds.

News.—The

HBtPPiNO

TMal.

For I800-91.

947

.^vneS.

40,000
2.000
2,000
35.000
6,000
56,000

Forwarded
56,0001
rotai stook-Estlmated
1,216,000 1,200,000
,
Of which American Estim'd 083,000 970,000
4ii,000
rotal Import of the week
60.000
.^2.000
39,000
Of which American
100,000 100,000j
4moant atloat
70.0001
Of which American
70,000

—

June 12

Jftne 19.]

43,000
50.000
3,300
2,600
3,100
6,200
37.000
41,000
7,000
1.000
56,000
52,000
1,194,000 1,170.000
9^5.000 944,000
68.000
35,000
47,000
26.000
80,000 100.000
55,000
70.000

IHE

948

CHiiOJNlCLlii.

The tone of the Liverpool market for spots and futures each
diy of the week ending June 19, and the daily closing prict s
of spot cotton, have been as follows:
Saturday Monday. Tueiday.

Spot.

WedruM. Thur$€Py.

Friday.

[Vol. LU.

wanted to complete cargoes and to supply the current wants
of the trade. The scarcity was due in a measure to the recent
break in the Erie Canal. The reduction in the visible supply
was also an element of strength. On Monday No, 2 mixed
brought 68® 683^0, afloat, but on Tuesday t eld above 70, and
No. 2 white brought 71c. to arrive
but business was nearly
at a standstill. On Wednesday No. 3 mixed brought 73@73>ic.
afloat and yellow 73c. on the track.
On Thursday futures
had a sharp fall under the improved crop prospects, and the
spot market was dull and drooping. To-day the market was
steadier but very quiet No. 2 mixed, 72c. on the spot.
OAILT OLOBina PBIOBS OF DO. 2 KIXSD CORN.
Sat.'
iron.
Tues.
Thiers.
Fri.
Wed.
eSSg
JulydeUvery
c.
62
ei^e
6476
64
64
6OI4
«
August delivery
6078
c.
61 13
62
61
61%
60ie
September delivery
c.
60=8
61
eo^a
59H
60H
Oats were quite unsettled. The rise on Wednesday was in
sympathy with the course of corn, and aided by reports of
damage to the new crop. The sharp decline in prices was
due to an effort of the bulls to unload in the face of better
crop, accounts and weak markets for other cereals. To-day
the market was steadier, with a brisk local trade.
DAII.T OLOBINO PRICES OF HO. 2 mZBD OAIB.
Sat.
Mon.
Fri
Tues.
Wed. Thuts.
;

Market, i Moderate
145 P. M,5

Freely

Freely

offered.

offered.

Irregular.

408

Mld.Opl'cLB.

B^es

500

Bpeo. (feexp.

Dull.

offered,

4»16

4»ie

6.000

10,000
1,000

10,000
1,000

7,000
1,000

10,000
1,800

7,000

Freely

;

5Q0

luture*.

Market,
1:45

p.

)

M.

Market,

4

Qnlet at
Weak at Easy at
2-«4®3-e4 2-64® 3.84 partially
decline.

decline.

1-64 dec.

Very

Weak.

Weak.

)

P. H.

steady.

]

Sasy at steady at
2-64 partially
decline.
f«4adv.

®

1-64

Quiet and
Steady.

Very

Firm.

Basy at
partially
f-«4 dec.

steady.

The opening, highest, lowest and closing prices o( futures at
Liverpool for each day are given below. Prices are on th e
b isis of Uplands, Low Middling clause, unless otherwise stated
t^" The prica are given in pence and 61tA. Thut; 4 63 means
4 63-64(J.. and 5 01 means 5 l-64rf.

:

Sat.,

Jnne 13.

Open Sigh Low.
i.

4 33
June
Jane-July... 4 33
July-Aug... 4 37
August. ... 4 41
Ang.-Sept.. 4 41
September. 4 44
Bept.-Oct... 4 44
Oot.-Nov.... 4 46
Kov.-Dec... 4 49
Dec. -J an.... 4 51
Jan.-Feb.... 4 63
Feb.-Mch... 4 55

CU)s.

{Hon.,

Jane 13.

Open High Low.

d.

d.

d.

4.

d.

d.

4 33

4 33
4 33

4 33
4 33

430

4 30

438

4 30

4 30

4 37
4 42

4 37
4 41

4 37

4 34
4 38

4 34
4 39

4 29
4 29
4 33
4 37

4 41
4 43

4
4

4 38
4 40

4 38
4 41

4 44

4

4 41

4 47
4 49
4 51
4 53

4

4 40
4 43
4 45

4 61
4 53

4 51
4 53

4 47
4 49

4 48
4 48
4 50

4 55

4 55

4 55

4 50

4 51

4

4 42
41 4 41
44 4 45
44 4 44
48 4 47
49 4 49

4^

June 16.

Tues..

Oloa.]

Open High Low

d.

d.

d.

Cloa.
d.

d.

429

420

4 29

4 29

4

4 29

4 29

4 28

4 28

433 4 33
437 438

4 31
4 36

4 32

4 37

4 38
44LL

4 35

39
39
41

4 29
4 33
4 87
4 37
4 40
4 39
4 42

139
4 40 438

4 39
4 39
4 41

444

4

4 43

4 43

45
4 47

4 46

4

4 45

4 48

4 49

4 60

4 48
4 60

4 43
4 45
4 47
4 49

4 41

43

4 51

4 49

4 45
4 47
4 49

4 37

4
4
4
4
4

4

4
4

40
40
42
41
46

28

4 36
4

4 47

3it

0. 46H
3714
JulydeUvery
Si^a
44ifl
41's
41H
38'4
0. 40%
35'4
36'4
36%
August delivery
36^
36I4
September delivery
c, 37%
34%
34%
Eye remains nearly nominal.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
FLOUB.
$5 00»f5 35
Fine
9 bbl. *3 35W$4 00 Patent, winter
3 803 4 25 City shipping, extras. 5 00 a 5 20
Buperflne
4 75 a 5 00
4 209 4 50 Rye flour, superflne.
Extra, No. 2
Fine
4 453 4 75
3 859 4 10
Extra, N«U
4 753 4 95 Com mealClears. ...V.
Western,
3 30 9 3 50
859
5
00
&o
Straights
4
.,
Brandywlne. ....... 3853 ....
5 259 5 75
Patent, spring

o&ahi.

Wheat—

0.

Spring, perbnah...! 03 •! 13
Bed winter No, 2..1 07ia»l 09

Thnrs., June 18.

Open Bioh Low. CU». Op«n High Low.
d.

d.

d.

d.

4 23

4 26

4S»

4 26

June- July... 4 23 4 26 4 23 4 23
July-Aug... 4 27 4 29 4 27 429

Jane

August

4 32

434

Ang.-Sept. 4 32
September.. 4 35

434 4 32

4 34

4 37

Sept.-Oct... 4 35

4 37

4 35
4 33

4 37
4 37

Oot.-NoT438
NoT.-Dec... 4 40
Deo. -Jan.... 4 42

4 40
4 42

4 38
4 40

4 40
4 42
4 44
4 46
4 48

4 32

.

4 34

Jan.-Feb...

4 44

4 44
4 46

4 42
4 44

Feb.-Mch...

446 4 48

4 46

Clog,

Fri.,

d.

d.

d.

4 24

4 24
4 21
4 27
4 32

4 24
4 24
4 26
4 31
4 31
4 35
4 33

4 24
4 24
4 27
4 32
4 31
4 35
4 33

4 23

424
4 26
4 31
4 31
4 33
4 35
4 88
4 40
4 42
4 44

4 31
4 35

4 35

d.

Clos.
d.

4 25

4 32

4 32

4 28

4 32
4 36

438
4 40

4 40

4 42

4 42
4 44

4 44

4 47

4 48

4 46

lis

427

4 33
4 33

4 33
4 82

4 37
4 37

138

4

38

4 35

4

3'!

4 89

4 40
4 42

4 40
4 42
4 45
4 47
4 49

442
4 44

4 46
4 43

4 32

4 44
4 48
4 48

BREADSTUFF S.
Fbidat, Jane 19, 1891.

;

with

sales of 96,000 bushels, mostly for export, including No,
2 spring, at |1 06® |l OG^^, No. 3 spring at $1 05)^® fl 06, and
choice red winter at $1 11)^ but the distant deliveries were
;

weakened by favorable crop prospects. To-day spots and
early deliveries were easier and the later deliveries firmer.
There was a fair export business, including No. 2 red winter,
to arrive, at |1 OSJ^, and No. 2 spring at |106%@|1 07%, in
store and afloat.
DAILT OLORDIO PBIOBS OF HO. 2 BSD WnfTBK WHBAT
,
J „
July
delivery
,

Ausuot delivery
September delivery
October deli very

o.
o.
0.
c.

lOSig
IOI39

100%
101%

November delivery
0. lOl's
December deUvery
0.102=8
Maydelivery
0. lOeSs
Indian corn for prompt
early in the week. It had

Hon. Tuei.
105
106
lOOOg

101%

Wed.
lOSis
lOlOg

100

101

101

lOOk

10138

lom

102%

lOl^g
102is

lOl's

Oom, per bush.—
Weet'n mixed
W'nmlx. No.2

western, per bnsh.,
State and Jersey ..
Barley Malt-

85
87

90
92

Ihurs.
Fri.
10458
1047b
lOOia
100%
9919
99%
99^8
100>4
loo's
lOO'a
lOUs 101>|
10o»8
IOS'b

106
107
106%
delivery showed great strength
become scarce and was much

70
72
70
70

Weet'n yellow

Westernwhlte

•

73
73
73

Oata-Mixed..V ba. 41 «
White
44 «
41Jfl»
No. 2 mixed
No. 2 white
44'st

44

54
43
46
90 « 92
95 a> 97
1 00 '8105
Canadian
The movement of breadstuffs to market is indicated in the
tatement below, prepared by vis from the figures of the New
first give the receipts at
York Produce Exchange.
Western lake and river ports, arranged so as to present the
State, 2-rowed
State, 6-rowed

We

comparative movement for the"week ending June
an<1 since A.UKUst 1. for each of the last three years:
StMipU

atr-

/low.

Com.

Whtat.

13,

Barley.

Oati.

1891,

Rvt.

BblM.VKHbt Butveoib a<Mll.58lb Buth.S2lh> Bu.*.481h Bu. te lit
1,211.829
39,841
2I,»0S
364,141
1,231.185
60,686
Jhloago
13.993
11,180
76,000
82,900
155.C66
24,583
UUwaukee..
34,833
32,933
302,071
43,466
anluth
438,810
..
tfinneapolt).
3,964
1,137
54,16;
25,038
1,872
rolado
19,328
S,862
9,170
70,869
1.618
OMrolt.. . .
163
T.LSO
7,337
55,357
45,573
10.731
3Irreland. .
3,917
650
285,380
142,710
71.329
21,754
jULonlt.....
.

The markets for flour and meal were about steady, and
there was a good business in wheat flour of the low grades
for export but the very hot weather caused a good deal of
pressure to sell lots that had baen long in store, for which in
some cases slightly lower prices were accepted. For all fresh
ground stock full prices were strenuously maintaiaed. Today the whole market was dull and weak.
The wheat market has bsen unsettled and irregular. For
prompt delivery there was at times much strength exhibited,
even while the later deliveries were weak and unsettled.
This was notably the cas3 on Monday and Wednesday. The
strength of early deliveries on Monday was due to the decrease of nearly a million bushels in the visible supply, and
much smaller local stocks, while the export demand was
good, the sales on the spot aggregating 153,000 bushels. A
stronger market on Tuesday was attended by inactivity in
spot wheat. On Wednesday the early deliveries were dearer,

Sat.

White

Rye—

424
426 4 21
iS9 428 4 27

4 40
4 42
4 44
4 47

416 4 47

d.

4 25

438 438 438
4 40
4 42
4 44

19.

Open.High\Low.i

d.

d.

June

I

100 «1 11
102 »1 10

Red winter
Wed., Jnne 17.

0.

3,150

12,000

100,200

124,00<'

1,800

2,200

167,058
141.376
189,011

1,510,421

1,700,027
4,937,419

1,865,094

91,291

45,739

2,,'577,637

1,416,043

253,170
63,490

151,623

2,283,776

9,334,800 103,124,841 89,335.489
10,303.953 108,897,14!? 182,412,113
8,315.037 82,280,28; 108,522,S9i

84,281,075
85,662,575
73,481,728

88,245.593

4,174,89*
6,915.488
4,563,232

Peorta
Tot.wk.'91.

Jama
jams

wk.'89.

«««

Aug.

wk.'9a.

1880-91
1889-90
188e-89

.

995,474
657,576

33,263

1.

25,811,319
24,889,829

The exports from the several seaboard porta for the week
ending June 13, 1891, are shown in the annexed statement:
from-

Sew York
Boston...
Portland.
Uontreal.
Phlladel.
Baltlm're
N. on'n*.

Wheat.

Oom.

Bunh.

Buth.
332,962
49,342

503.540
16,000

Flour.
Bblt.

44,608
21,963

Buih.
3,713

100,019

rot. week.

750,657

565,998

182,400

4,421

8'me time
1880.

381,834 2,182,744'

150,43o|

947,585

N.News..
Rlchm'd

9,535|

25,752

32,243
16,762

52,143i

Bush.

Peas.

Bush.
6,185

56»

600

59,745
25,978
12,000
90,772
39,622

34,670l

Bye.

Oat».

""50
58

549
27,850

6,754
88,813

67,760

The receipts of flour and grain at the seaboard ports for the
week ended June 13, 1891, follow:
Flour,

At—

Wheat,
bush.

bbls.

(Jew York

107,440
33,638
Boeton
26,148
Montreal
Philadelphia.. 54,041
42,741
Baltimore
Richmond ....
3,950
HewOrleans..
9,529

806,930
49,335
353,193
49,187
141,029
9,940
61,531

Corn,
bush.

166 .003
186,953
182,408
113,898
15.^,935

28,500
14,142

Oats,
bush,

384,800
59,145
14,327
91,156
37.000
9,310
23,185

814,836 621,923
Total week.. 277,487 1,474,165
week '90. 165.111 516,8212,489,200 1,893,425

Cor,

i^tnteinent of

for

May and the

Barley,
bush.
1,400

busk.

5,600

8,400

1,400
68,837

17,000
28.952

of BreadstalTg from Uniled States Port*
eleven months to May 31, will be toand on p. »-i*

Kxports

JCNB
The

1891.]

90,

viBible

priiicipiil

ports,

June

In

ilore

Oo

13, 1891:

at~

1.•5

ulluat

BoflTalo

I

CbloaRo

Milwaukee
>alatl>

Toledo
Detroit

OsweKO'
et Louis
afloat....

OlDclnnatl

Boston
Toronto
Montreal
PUladelphla
Peoria.

IndtanapoUs

Kansas City
Baltimore
Minneapolis

On

21,000
16.887
161.120
41,657

isolsbo

3,153

sie'.eVo

June
June
June
Tot. June
Tot.
Tot.
Tot.

'is'.iVs

103.234
75,025
U,<100
140,604
2G9,^79

2,563

7,"i57

'8,686

7.991
30.888

"41434

"2;i"69

river.

13.'91.
6."91.
14,'90.
15,'P9.
16.'88.

4.955.677
5,606,487
10,204,224
11,215,095
12,448,513

"i,6ia

1891.

"d'oo'o^

Ilsld by Provlilenoe manufacturers.
Fall River manufacturers

8,600

4.262,?00 294,593
4,519,391
304,859
5,390.161 09 1,712
5,408,153 1,02^.M>7
5,707,000 240,128

Outside speculators

112,009
146,274
529,273
303.562
240,023

THE DRY GOODS TRADE.
TORK, Friday

June

gloek of Prtnl OtolAt—
........

stock, this week's not received.

NEW

Print cloths are luchangnd in price from last

week, 64x64s remaining at 2 ISIOc. less one per cent, with
54z60ti (] lotcd at 2 9-16o. lesi one per cent.
The tone is
steadier and some considerable sales of regulars and odd
have
been
reported
counts
made. It is
thit a reduction of
wagfs is likely to be sgreed upon by manufacturers, preiumably with the object of forcing the operatives to strike.

1,191

449.747
270,500

Oswego -Last week's

S82

42.do6
64,722
44.435
133.341
156.403
156.348
6.950
48,038
92,790

1,212,195 l,43i',907
705,500
1,392,C00

15.801,543
16,477.405
21,578,141
17,631,294
25,246,698

1,007

fall prints.

51.200
20,000
123,332

'9'2;.570

On oanalA

*

2 130.660
162,997
2.517.571
83,535
170.098
20,000
93.689
20.000
3.000
10,320
63.117
397.757
39.810
lO.oro
34,788
179.145
197.939
4,523,483

consilerable

W

tf.500

95,995

Lakes

Tot June

Kyt,
buah.

17,360

25,500
80.000
149.564
151.713
1,103,016 1.3J8.696
10,873
4,533
43.775
83,056
35,926
31.710
36.304
32.478

Mississippi

On

OaU,
InuK.

972,483

3,100

Albany

Do

Com,
183.029

htuh.

933,171

949

falling ofl from loina
rMMit •spertancM.
Bleached shirtliiKa werd irregular in morement. Beducdd
prioM induced some illght iocreaM In baying, but the reapooM
was diaappolnting. The redactions wera
a«nt per yard in
Barlty
bwK. 4-4 bloacned shirting* aa follows: Lonsdale, IIopc, Blackitona
10.788 Fitrhville. Forget-Me-Not, New York HilUi, Wanuutta
and
Masonville; alM in Lonsdale camlTics and 7-1 bleached ahirt1,391
Colorad cottona wire quiet throughout, and only a
ing4.
832 very ordinary baalneaa was reported in cotton fi innels, cotton
32,351
linings, corset je.-ins and satteens, white goods, fancy table
damasks, eto. 8<!asonable prints and ginghams w^ra slow, bat
7,44'6
a good business in fall styles of the latter was reccrded, and a
3.952 fairly encouraging beginning made with the early styles in

supply of grain, ooinpriHinx the stocks in f^ranaiy
points of accumulation at lake and seaboard,

at the

Haw York

HE CHRONICLE.

I

P. M.,

June

19, 1891.

The weather during the greater part of the past week waa
not favorable to an a'^tive business. The unusual heat preTailing until late Wednesday made buyers loath to exert
themselves more than absolutely necessary, while Thursday,
cooler but rainy, was not an agreeible day for making the
rounds of the market. Even had conditions been otherwise,
it is not probable that more than a quiet spot business would
have been transacted, as the force of buyers in the city is
considerably reduced in numbers from what it was two or
three weeks ago. It is pretty evident now that trade will not
develop to any extent until after " The Fourth." This view
is confirmed by the fact that although the long-waited-for
revisions of prices in bleached cottons have been made
in some leading makes, buyers have Eot responded as
expected, and orders have come forward in somewhat indifferent shape. The revisions are really proving a double
disappointment. Agents expected them to stimulate buj ing at
once, and buyers expected them to be more general and of
reduct ion of )^ cent per yard might have met
greater extent,
buyers' ideas a couple of weeks ago, but with the heavy fall in
the price of cotton since the 10th of the month they have been
more expectant. Manufacturers say they are not benefitted in
any degree by the decline, as the cotton necessary for their
production is scarce and just as dear as it was a week ago.
This is probably true, except for coarse-yarn brown goods
but the condition of stocks of manufactured cottons is more
to the point than the price of raw material at the moment,
and so far as can be ascertained these are in the instance of
bleached shirtings certainly by no means superabundant.
The fall demand for domestics thus hangs fire, but for ginghams and woven wash fabrics it continues good, with a fairly
promising opening in fall prints, so far as the demand for
these has been tested. Reports from various sections of the
country indicate a considerable distribution of seasonable
goods, and except in some Southern States good fall prosWestern collections are in good shape, but continued
pects.
slowness in the South is causing agents to be somewhat shy
of pushing trade in that direction.
DOMESTIC CtoTTON GOODS. The exports of cotton goods
from this port for the week ending June 16 were 7,775
packages, valued at |37 1,511, their destination being to tDv
points specified in the table below:

A

(est)

Total stock (pieces)

1890.

13.

June

1 1.

1889.

June

13,

450.000
437.000
None.

379.000
120.000
18,000

96.000
12,000

887.000

517,000

111,000

|3.000

—

Domestic Woolbns. Beyond a limited number of duplicating orders for heavy piece- Ived woolens and worsteds,
business in men's-wear goods has been of a trifling character.
The tone of this department has taken on a tinge of depression not unmixed with anxiety, not so much owing to the prolonged dulness as from the effect of clothing-trade failures
ancfthe suspension of a large woolen concern in Philadelphia,
Agents are growing more exacting in the matter of credits,
and from the above causes and the disappointing demand
have withdrawn some lines of new spring goods lately placed
on the market. Others who are showing new spring cassimeres make indifferent progress. Overcoatings, cloakings,
satinets, doeskins and Kentucky jeans wore slow all week.
Business in flannels was on a reduced scale, but prices rule
quite firm. In all-wool and worsted dresj goods a steady demand for both seasonable and fall styles was recorded from
da^ to day. Stocks are light, production sold ahead and
prices firm.

FoRBiON Dry Goods. —Business in imported goods was of
indifferent character all week, buyers being just as disinclined
to operate freely in this department as in the domestic
market. Stocks are, however, generally in fair shape, current
importations being nowise heavy, and in some aegree late
irregularity in prices has been modified. Importation orders
continue slow, but some new lines of fine men's wear worsteds have been shown by leading importers.

Importations of Drr Oooda.
of dry goods at this port for the week
ending June 18, 1891, and since Jan. 1, and the same facta
for the corresponding periods of last year are as follows:

The importations

n
ft

* ar^S P

;

5:

11:
M
00
00

o

eo

.
20
Great Britain
7
Other £nropeaxi. ............
6,724
China

..

South America...............
Other countries..............
•

Total
China, via Vanoonver
Total
*

2,607

62
166
584
50

4.245
14,496
1.256

36
450

7,775

4,292

60

119,266
12,915

57.841
20,398

7.835

132,181

4,292

78,239

50
649
i&i
19

1.561

11

611.392

h-tO

^^^^^

oV

Tr)"Iu*xoto

OO

»0M
OOM

OM

X CO O
OS en

CXO

oo

MMWMOS
VoW«e»
~)-eQo-a«
to 1^00 .-to

i»- '-D

a

o^oax)
aw^oofo
to 01

w

The value of the New 7ork exports
in 1891, against

since

$3,;3.")l,:5r).5

MCd(Oe0l4
C3<:0

MM
a'®

00;^ JO top

QOXtOOU

oscco,uta

a _
0:m
"
a
»

a^e0co-4

U'

X c q>

Kl<0

OD^IO

O»M0DOW

c;'

1."
CM 00

OOP* F- CO

CC CO Vt

ML^cnaCff
00 to •!

-to

» «.

XMM

A^MUtO
mOm,»M
82»m:3

^ W3iMM

'a^to*»'j«

~»Ma>M<s
-jVi»<BO

KJKX

wpooa-j

u«otoo«

ccto

-»
<Ott

Moe*5«i
^_-]M^&
'OSOIOOO

M* —
(OCMIOC^rO

oto
UtCDCOXU

0>>— 00

OD»-J JW

*4 01

January 1 hat e

and

drills

waa

quiet,

•a»OC»

in 1890.

Business in staple cottons has been of but moderate extent
in the aggregate. The export demand for brown sheetings

and business on home account showed

O
to

«W'*0»

ifk>Kjc;cn^
ODi-'

w:d

sag

;;»

C

From New Enxland mill points direct.

been 16,247,617

n

M*.wioa9

00 CJ

»-)0O»«J_
tObStOtOU

22

1^
to to 00
"J'

^cocooco
to :o

to 10

W0"»O3!

0»O(0M<.

Id to
17,198

8,285 8,394 8,297

)

atOC0 4^0D

)-•

coco

oco

V

K
B
e
3

82.891

95,073

2

3

«i
0X0^:0 <0

tCQO

955

i'6'2

India

Arabia

Hezloo

2,085

16,527
1,326
4.671
3,783
7,806
1,017
2,333
15,165
1,573

77.535
4.319
4,077
2,404
6.497

Africa

Central America

209
50

723

I

Si!

c. to to

MM

00»

Week. ainee Jan.

2,153

5-j

180,036 229.075

16.

Week. Sine* Jan. 1.

.*:

M

MWO<fc^
CSCOXMM

14,586

1890.

1891.

TO June

M

I*

—

NBW ToBK

i

Si

#>>

a to o ^

^.OCOMJD

ootv

mI.

l^E CHROiVICUi

yto

£mst

[Vol. Ln.

^xnst ®0mixautjc5.

<5/0mp»tiles.

Union Trust Company United

States Trust Co.

grasl OPampantes.

The

OF NEW ¥OBK,
80 Broadway, New York.
45 and 47 Wall Street.
$1,000,000
CAPITA li,
.
•
3,750,000 CAPITAL AND SURPLUS, - 89,000,000
SURPLUS, > .

AND

...

Anthorlied to act as Executor, Administrator.
Goardian, Receiver, or Trustee, and is

A LKGAL DBP08IT0KY FOR MONBT.

Acts as Trustee of niortKaues of corporations, and
accepts the transfer aKSncy and reKistry of stoclis.
Allows interest on deposits, wliicii may be made
at any time, and wittidrawn on live days' notice,
witli interest for the whole time they remain with
the company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to check at si^ht, and allows interest
npon the resuItinK daily balances. Such checks pass
throuKh the Clearing House.
Attends specially to the MANAGEMENT OF
REAL ESTATE and to the collection and remittance of rents.

makes ample provision

It

NEW BUKOLAK AND

ll.Van Rennsl'r Kennedy,
James H, Ogilvie.

Whltewright,
Henry A. Kent,

James

R. T. Wilson.

Wm.

T.

Woodward,

George A. Jarvis,

F. Husseil,

C. D.

Wood.
James N. Piatt,

C. Vanderbilt,

D. C. Uays,
Wm. Alex. Duer,
Charles H. Leland.
Bdward King,

Q. li. Williams,
B. G. Remsen.

A. A. Low.

Edward

Parker,
Samuel F. Barger,

K. B. Wesley,

EXECUTIVE COMMITTEE

Wm.

Whltewright,

C.

.

G. G. Williams,
B. B. Wesley,
C. D. Wood,
Ilays,
C.
James T. Woodward.
KING. President.
CORNELIUS D. WO0D.)„,„„ „„.,..„„..
Schell,

Magoun,

EDWARD

Vice-Presidents.
JAMBS H. OGILVIE.
AUGUSTUS W. ELLBY. Secretary.
i

14

J. V. B.

THAT BR, Assistant Secretary.

Knickerbocker Trust

Company,
a34 FIFTH AVE,. COR. 2rTH STREET.
Branch

olBce. 18

Executors, administrators, or trustees of estates,
and WOMEN unaccustomed to the transaction of
business, as well as religious and benevolent institutions, will find this company a convenient depos-

money.

JOHN A. STEWART, President.
GEO RGB BLISS. Vice-President.
JAMBS S.CLARK. Second Vioe-Pres't.
TRUSTEES:

Wall

St.

Wilson G. Hunt. Jno.H. Hhoades, Wm.Rockefeller.

Clinton Gilbert. Anson P.Stokes. Alex. E. Orr,
Daniel D. Lord. Geo. H. Warren. Wm. H. Macy.Jr..
Samuel Sloan,
George Bliss,
Wm. D. Sloane,
James Low,
Wm. Llbbey,
G. 11. Schwab.
Wm. W. Phelps. John C. Brown. Frank Lyman,
D. Willis James, Edward Cooper. Geo. F. Vletor.
John A. Stewart. W.B'y'dCutting. Wm. W. Astor.
BrastusCoruIng, Chas. S. Smith.
L. THORNELL. Secretary.
LOUIS G.
AsslsUnt Secretary.

HENHY

D. H. McAlpin,
Geo. C. Magouu.
George B, Carhart,
W. Emlen Hoosevelt.
Chauncey M. Depew,

Edward

INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn
after five days' notice, and will be entitled to interest for the whole time they may remain with the
company.

itory for

HAMPTON

and S Nassau

The Nassau Trust Co.
101 Broadway, Brooklyn, N. Y.

CAPITAIi

$500,000

Deposits received subject to check at siRht, and
iutcrcHt allowed on tbe resulting daily balances.
Certificates of deptisits issued for time deposits,

on which specini rales will be allowed.
lutereMt coiiiiiieiices from naie ofdepoiiic.
Authorized by law t(» act us Executor, Administrator, Committee, Guardian, 'Jrustee, Receiver,
Fiscal and Transfer AKent and as KoKtstrar of
Stocks and Bond!-; is a legal depository for
Trust Funds and for moneys paid into court.
Loans made on appruved collaterals.
Will take entire charjfe of securities during absence or otherwif-e of owner.
Checks on this Company are payable through the
New York CleariuK House.
A. D. WHEBLOCK. President.

WlLLIAV DICK,
i-rr,„„ d « .,
JOHN TKUSLO^V-. VIce-Prest's.
RICHARDSON. Secretary.
f

O. F.

TRUSTEES

St.

CAPITAL, AMD SURPliUS, • Sl.OOO.UOU
DESIGNATED LEGAL DEPOSITORY.
Acts as Executor or Administrator of Estates,

and as guardian, Receiver, Registrar, Transfer and
Financial Agentfor States, Cities, Towns, Railroads
and other corporations.

Wm.

Dick,
A. D. Baird.

F.

W. Wurster,

Joel F. Freeman.
Chaa. H. Russell,

Bernard Peters,
Darwin R.Jame8, Wm. E. HorwUl. Edward T.HuIst,
H. H. Roeers,
Joseph F.Knapr,Jno.McLouBhlln.
B. B. Tattle,
Jno. T. Wlllettp. A. M. Suydam
John Truslow. John I.oughrar, Wm.E.Wheelock
Thos. F.Rowland. Wm. F.Garrisoi O. F.Uicbardson.
Dltmas Jewell. A. D. WheeloO

JOHN P. TOWNSKND, President.
CHARLES T. BARNEY, Vice-President.
JOSEPH T. BROWN. 2d Vice-President
DIRECTOB.S:
Brooklyn Trust Co.,
. esxPH S. AuBRBACH.
Hon. Ira davenport,
Harht b. HOLL1N8,
John s. Tilnky,
17r and 179 Montague St., Brooklyn, N. Y.
Jacob Hays.
Hun. Edwahd v. Lokw
CHARLEa T. BARNEY.
HENRY F. DIMOCK,
,

The

A.

!•

08TER UlGGINS.

ROBERT G. KeMSKN,

Henry W.T.Mali,
Andrew H. Sands.

JoHN P. TOWNSKND,"
CHARLES F. WATSON,
David H. Kino, Jr..
Frederick G.IBourne,
Kouekt .Maclay,

James H. Breslin,
Charles U. Welling. Waiter Stanton,
Gen. George J. Magee, C. I^a whence Perkins,
I. TOWNSKND Burden,
FBED'K. L. BLDRIDGE, Secretary.
J.

HENRY TOWNSEND

Assist. Saoretarr

Holland Trust Company.
NASSAU STREET, NEW YORK,

NO. 33

Capital and Surplus

81,000,000

ALLOWS INTEREST ON DEPOSITS.
Accepts and executes any legal trusts from per-

ons or corporations, on as favorable terms as other
Imllar companies.
Acts as Eiectjtor. trustee and Guardian, under
wills for the fixed statutory charges also as Registrar. Trustee, Transfer and Financial Agent for
;

Estates, Cities, Railroads, Towns, and other corporations, and for Heal Estate Mortgages with
in New Ycrk, Brooklyn and elsewhere. Collects Rents. Coupons and Dividends.

Coupon Bonds

TRUbTEES.
Van Allen.
Warner Van Norden,
James B. Van VV oert,
Q. Van Nostran,".
John R. Planten,
garret A.

BenJ. (. Vosbuigh,

Joseph

8.

Stout,

Hoesen.
William Remsen,
John D. Vermeule,
9S9.-.™- Y.*"

John Van Voorhls,

CAPITAL

C.W.Hutchinson,
Tunis G. Bergen,
Robert B. Roosevelt,

>'

pomtlon mortgages.

Executes orders In all classes of investment securities. Guarantees Letters of Credit issued to
travelers.

C. T. Ctaristensen, Pres.
Jas Ross Curran. Sec.
Abram B. Baylis, V.-Pres. Fred'kC.Colton.A8»'tSec.

Joslab 0. Low.
Alex. M.White.
A. A. Low,
Mich'lChauncey.
Wm. B.Kendall.

GEO. W.

.

WASHINGTON
TRUST COMPANY

S"P)"»-----

W

New

York.

81,000.000
700,000

Designated as a legal depository by order of
Receive deposits of money on

M. MORRISON,

Praident.

CHARLES F. CLARF.
Vice-President.

FRANCIS H. PAGE. Secretary.

M.

S.

LOTT, As»istant

8'2,0(I0,008

Surplus and undlTtded

proflts...

1,30U,0U0
93,300,000

W. DOANE. President.
P. L. YOB. Vice-President.
ORSON SMITH. Second Vlce-President.1
F.C.OSBORN, Cashier.
F. N. WILDEB, Assistant Cash er.

J.

TRUSTEES.
MA RSHALT,

J. W. DO » NB,
P.
YOB
JOHN I)E KOVBN,
GEO. M. PULLMAN.
AI.BEUT KBKP,
A. H. BURLBY,
JOHN TYKKKLL.
B. T. WATKl.NS,
LAMBERT TREE,
BRSKlNo; M. PHELPS.
OHSON S.MITH.
Banking in all its Branches Transacted.
C.

FIELD.

U. MCCORMICK,

1,.

Foreign exchange bought and sold.
Travelers' Letters of Credit and Commercial
Credits issued, available in principal cities throughout the wo. Id. C»b'e tranaftrs made.
J. G. ORCHARD, Mgr. Foreign Dept.

OLD COLONY
TRUST COMPANY.
BOSTON, MASS.
Capital

.

-

Surplnti,

.

$1,000,000 00
600,000 00

.

•

Transacts a General BanltlnK Basiness.
Allows interest on daily balances subject to
check.

Agent In Financial Traueiactlons.
Trustee under mortgages. Transfer Agent, Regstrar.

BOARD OF DIRECTORS.
T. Jefferson Coolldge, Jr.. Pregident.

Frederick L. Ames.

John F. Anderson.
Martin Brimmer,
George F. Fabyan,

John

L. Bremer,
T. JeHerson Coolldge.
George P. Gardner,

Francis L. Htgginson,

Henry S. Howe.
William P. Mason.
Laurence Minot.
Henry R. Reed.

Walter Hnnnewell.
George Von L. Meyer.
Richard OIney,
Lucius M. Sargent.
John I. Waterbury.

Nathaniel Thayer,
Stephen M. Weld,
T.

Henry

C.

Weston.
JR.
President

JEFFEESON COOLIDGE,
C. 8.

TUCKERMAN,

Secretary.

TBVaTEE S:
P. c. Lonnsbary.

Charles F. Clark.

Henry 11. Rogers,

Charles H. Kussell,

George H. Prentiss.
Joel F. Freeman,
L. T. Powell,
George L. Pease,
Wm. II. Hall,

George E. Hamlin,
Theo. A. Havemeyer.
Seth E. Thomas.
Lucius K. Wilmerdlng.
George A. Morrison,
Joseph C. Baldwin.
B. C. Homails.
William Lummis.

John

Interest, act as fiscal or transler agent, or trustee
lor corporations, snd accept and execute any legal
irnsts from persons or corporations, on as favorable terms as Other similar companies.
Thomas Hllihonse, Pre«. Fred'k D. Tappen. V.-P"
Jesup. 8d V.-Pres.
Beverly Chew, Sec'tarv,
HkliJeorge D. Coaney. Assistant Secretary.

INTEREST ALLOWED ON DEPOSITS.

F.

Manhattan

Trust

Corner of Wall and Nassau

CAPITAL,

Co.

Sts.,

M. T.

81,000,000

DIBEOTORS:
French. N. T.
H. W. Cannon, N. T.
R.J.CroBS. N. T.
John R. Ford.N.TI
H. L. HIgginson. Boston. T.J. Coolldge. Jr.. Bos.
August Belmont. N.Y.
James O. Sheldon. N.Y.
B. D. Randolph, N. Y.
A. S. Rosenbaum, N. Y.
C. C. Baldwin. N. Y.
Bam'l R. Shipley, Phila.
Chas. F. Tag, N. Y.
R. T. Wilson, N. Y.
Marshall Field. Chicago. J. I. Waterbury. N. T.
H. O. Northoote, N. Y.
F. O.

F. O.

French, President. J. I. Waterbury. V.-Pr««.
A. T. French, Secretary and Treasurer.

ALLOWS INTEREST ON DEPOSITS. KXB.
CUTB8 TRUSTS OF BVBRT DESCRIPTION.
REGISTRAR AND TRANSFER AGENT.
Henry 0. Swords, President.

Hermann

H. C.\.mmann.
Vice-President.

UENHY W. REiaHLEV.

Anderson,

Jr.,

This Company Is n lecal depository lor
Court and Trust Funds and Is autborlzed
to do any and all other business nsnaily
done by Trust Companies of responsibility
and slandinff.

Tho.mas H. Terry.
Real Estate OBcer.

JAMES M. VARNTIM,

Secretary.

Counsel.

IReal lEetate

Xoan

S.

Zvmt

Co**

OF XBW-TOBK*

Secretary.

Supreme Court.

C^.

1857.

Caplial (paid In)

S300,000
S430,0OU

Joseph F. Knapp.
David M.Morrison,

Metropolitan Trust Co.
3T and 39 Wall Street,

C. D.

THE

.

VAN SICLEN. Secretary.

Paid-up Capital

TliUSTEES.

Fred. Cromwell, J.J. Pierrepont.

P. RoUe.
C. M. Pratt.
H'T K. Sheldon. Qeo.G.Reynolds.
Wood.
S. W. Boocock,
Wm. H. Male.
John Qibb,
B. F. Knowlton, Abram B. Baylis Q. W. Chauncey.
John T. Martin. H. W. Maxwell. C.T.Christensen.

DAVID

Daniel A. Heald.

WashiuKton Streets

John

8UIIPL.U8

W. J. Arkell

atid

ESTABLISHED

»1.000,000

at fixtd dates.
It is authorized by special charter to act as Exector. Trustee, dminit-trator. Guardian. Keceiver
or in any other position of trust.
As executor of estates it secures a safe, prompt
and advantageous distribution of the saa^e.
It Is a designated depository for Court monies
and acts as Ueglslrar or Transfer Agent of stock
and bonds, and as trustee for railroad or other cor-

ROBERT B. ROOSEVELT, President.
JOHN D. VERMEULE, „'
„ _
JOHN R. PLANTKN, J Vice-Presidents.
,

\

This Company allows interest on Deposits, which
may be made subject to check at sight or returnable

CAPITAI,

Chas. P. Daly,

Jotham Goodnow,
Augustus Van Wyck,

CHICAGO,
Corner Dearborn

Capital and Surplus exceeding; $ J, tJSO.OOU

of the city of new york.
Stewaet Building, 380 Broadway.

W. W. Van Voorhis,
Geo. W. Van Siclen,

(

l2I,nenU°at''iaV

}

Company Bank,

Trust

a legal depository for moneys
is authorised to act as guardian

Schell.

Amasa J.

2eo.

paid into court, and

in its

TBDbTBBS

is

or trustee.

FIRE PROOF VAULTS

for the safe keepimr of securities placed in its custody, on which it collects and remits income.

Wm.

This company

Loan

Merchants'

OF NE1V YORK.

Mutual Life Biiilalns, 30 KaiiHau St*
Capital
S500,000i Surplus. ...S330.00»
This company would be pleased to receive
and

Applications for Appiaisements^
wouM like to draw attention to this feature

of

its l)iisiiiess.

The appraisements being made by the
Committee,

Ileal Estate

conslslfcig of

Horace S. Ely, Chairman, Joseph Thompson,
Dou^.'la-s Hobinson, Jr.,
H. 11. Camniaim,
and the Ileal Estate Oflieur, Thomas H. Terry,

The feature of appraisement by this Company is^
tliHt the valuations are the result of combined judgment of five real estate men.
Utauk forms of application f uruiuhed.