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1
HUNT’S MERCHANTS’
R EPRE SEN TIN G
T H E IN D U S T R IA L
VOL 4L
A N D COMMER C IA L IN TE R E STS OF
JÇiuauctal.
Da n ie l
m a n n in g ,
President.
C. N. Jordan ,
R e o r g a n iz e d 187 9«
E n g ravers a n d P rin ters op
THE
IM PORTERS,
182 Broadway, Cor. John Street.
B O N D S , P O S T A G E dt R E V E N U E S T A M P 9 f
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O T E S of the U N IT E D S T A T E S » and for
Foreign Governments*
Fo r g o v e r n m e n t s a n d c o r p o r a t io n s ,
D R A F T S , C H E C K S, B I L L S O F E X C H A N G E ,
S T A M P S , Ac., In t h e finest a n d m ost artistic s ty le
FROM STEEL PLATES,
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use o f tbe Company.
S A FETY PAPER8.
W o r k E x ecu ted in F ir e p r o o f Buildings*
’
LITHOGRAPHIC AND TYPE PRINTINC.
R A I L W A Y T I C K E T S O F IM P R O V E D S T Y L E S .
S h ow Curds, L a b e ls, Calendars.
BLANK BOOKS OF EVERY DESCRIPTION
JAMES MACDONOUGH, President
A. D. SHEPARD,
1
W. M. S M ILLIE,
> Vice-Presidents.
TOURO ROBERTSON, J
TH EO . H. FREELAND, Sec’y and Treae.
Maverick National Bank
[-
-
-
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Accounts o f Banks, Bankers and Corporations
solicited.
Our faculties for COLLECTIONS are excellent
and we re-discount for banks when balances war
rant it.
Boston is a reserve city, and balances with ns from
banks (not located In other reserve cities) count as a
reserve.
We draw our own exchange on London and the
Continent, and make Cable transfers and place
money by telegraph throughout the United States
and Canada.
Government Bonds bought and sold, and exchanges
In Washington made for banks without extra charge.
We have a market for prime first-class Investment
Securities, and invite proposals from States, Coun
ties and Cities, when issuing bonds.
We do a general banking business, and invite cor
respondence.
A S A P . P O T T E R , P r e s id e n t.
J O S . W . W O R E , C a sh ie r .____________
W . P. Wight & C o.,
72 B road w ay,
S TO C K BR O K ER S.
Stocks, Bonds and Miscellaneous Securities bought
and sold for cash or on margin.
W. P. W ight ,
j . B. Creighton .
Memb. N.Y. Stock Exch.
A. B. Claflin , Spec’l
STO CK B R O K E R .
Lansdale Boardman,
N E W Y O R K , 80 BROADWAY & 5 NEW ST.
T R O Y , N . Y . , NO. 17 FIRST STREET.
Stock Exch.membership; private wire; all faculties.
SOLID SILVER.
G O R H A M M ’t’g C o.,
Broadway and Nineteenth Street,
AND 9 MAIDEN LANE.
T .H E
New Y ork , May 14, 1887.
This Bank Is now opened for business. Accounts
respectfully solicited. The usual banking facilities
extended to customers.
Orders for purchase or sale of securities win
receive careful attention.
Sterling Exchange bought and sold. Facilities for
keeping accounts in Sterling Exchange, subject to
draft In kind, will be afforded. Tbe methods of re
ceiving such deposits and making payment against
them will be subject to arrangement.
F . B L A N K E N H O R N , C anhler.
Floyd-Jones & Robison,
B A N K E R S AND B R O K E R S ,
N o . 2 E x c h a n g e C o u r t, N e w Y o r k .
StO'ks, Bonds and U. 8. Government Securities
Bought and Sold on Commission.
WM. C. F loyd -jones ,
W illiam Robison
Members New York Stock Exchange.
M ASS.
-
OF
C IT Y OF N E W Y O R K .
C A P I T A L ,................................... 9 3 ,5 0 0 ,0 0 0
ENGRAVING AND PRINTING,
B A N K N O T E S, S H A R E C E R T IF IC A T E S , B O N D S
C A P I T A L ,,
SURPLU S,
Assistant Cashier
Alfred H. Smith & C o., Western National Bank
NEW YORK.
B u t n e i i F ou n d e d 179 5«
Incorporated under Laws o f State o f New York, 1859«
B O STO N ,
F. Blankenh orn ,
Cashier.
H..A. Smith ,
. Vice-Pres’t.
DIAMONDS.
86 TRINITY PLACE,
S A F E T Y C O LO R S .
ST A T E S
NO. 1,148.
UfitratuciaX.
A M E R IC A N
Bank N ote Company ^
TO
T H E U N IT E D
NEW YORK, JUNE 25, 1887.
^ fin a n c ia l.
78
MAGAZINE,
J. A. Kohn & C o.,
B A N K E R S AND B R O K E R S ,
(Mills B uilding ), 1 9 B R O A D S T ., N . Y .
Members of tbe New York Stock Exchange.
Execute orders on commission for B on d s, S tock s
and F o re ig n E xch an ge.
D e a le rs in first-class Investm ent S ecu rities,
Particular attention given to investments for Cap
italists, Trust Funds and Institutions.
William T . Meredith,
48
W A L L S T R E E T ,
(Bank of New York Building).
Bonds and Stocks bought and sold at the New
York Stock Exchange.
BONDS AND INVESTMENT SECURITIES FOR
SALE
J. S. fa r l e e .
Robert
Ch as . J. T ownsend ,
Lan sin g C. W ashbu r n
Member N.Y. Stock Exchange.
Jno . P. T ownsend , Special Partner.
Townsend & Washburn,
BANKERS AND BROKERS,
N o . 6 W a l l Street, N e w Y o r k .
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.] 1
Deposits receivsd, subject to Cneok at Sight.
Correspondence solicited.
F. E. Trowbridge,
' BANKER AND BROKER,
Nob . 3 4c 5 B r o a d o r 2 9 W a l l 8treet>.
(Branch
J N o . 7 N A S S A U S T ., N E W Y O R K ,
BROKERS AND DEALERS IN
I N V E S T M E N T B O N D S ,
STATE, MUNICIPAL AND APPROVED RAIL
ROAD BONDS.
Correspondence Solicited .
Jam es T. Closson .
John B. D umont
H em an Cl a r k , Special Partner.
Closson & Dumont,
BANKERS AND BROKERS, .
N o . 4 0 W a ll S tre e t, N e w Y o r k .
All stocks and securities dealt in at the New York
Stock Exchange bought and sold on commission, for
oasb or on margin. Deposits received and Interest
aUowed on balances..^
890 Br o a d w a y .)]
Member of the New York Stock Exchange. Di>
rector of Merchants’ Exohange National Bank
American Savings Bank, American Safe Deposit
Company, Ac., Ac.
Securities bought and sold on commission, for
cash or on margin. All Inquiries gratuitously res*
ponded to. Correspondence solicited.
Henry S. Ives & C o.,
d . Far lee .
J. S. Farlee & Brother,
office ,
BANKERS,
N o. 2 5
N ASSAU
S T ., N E W
YORK.
P. 0 . BOX 1,433.
Transact a general banking business. Including the
purchase and sale of securities listed at the New
York Stock Exchange, or in the open market.
Receive deposits subject to oheck at sight an
allow interest on dally balances.
Government, State, County, City and Railroad
Bond;) constantly on hand for sale or exchange, and
particular attention given to the subject of Invest,
ments for Institutions and trust funds.____________
R. T . Wilson & Co.,
BANKERS AND COMMISSION MERCHANTS,
2 E x c h a n g e C o u r t, N e w Y o r k ,]
\
THE CHRONICLE.
[V o l.
XLTV.
ftanil cvs and ftvattrcvs of Wovtign %xcfmuQt.
Drexel, Morgan & C o., August Belmont & C o.,
THE
I N V E S T M E N T CO.
o f Philadelphia.
BANKERS,
WALL STREET, CORNER OP BROAD,
No. 36 W A L L S T R E E T .
NEW YORK.
ISSUE TRAVELERS’ CREDITS, available In all
parts of the World, through
D rexel & Co.,
Drexel,Harjes & Co M essrs. N. M . R oth sch ild A Sons, L ond on.
310 C H E S T N U T S T R E E T .
“
de
R oth sch ild B ros., P a ris.
OOI.'o f 5th A Chestnut Sts. 31 Boulevard Haussmann,
'*
M . A . de R oth sch ild A Sons, P ra n k C ap ita l, $ 4 ,0 0 0 ,0 0 0 .
tort o\ m .
P H IL A D E L P H I ! CONDUCTS A GENERAL BANKING BUSINESS
P A R IS .
S, M . de R oth sch ild , Esq., V ienn a.
Allows interest on cash deposits, subject to check
AND THEIR CORRESPONDENTS.
■or on Certificates.
DOMKS1IO A N D FOREIGN BANKERS.
Buys and sells Bills o f Exchange, drawing on
Draw Bills of Exchange on, and make Cable Trans
Deposits received subject to Draft. Securities fers
Baring Bros. & Co., London; Perier Freres et Cie,
to,
England,
France
and
Germany.
ought and sold on commission. Interest allowed on
Paris; Mendelssohn A Co., Berlin, and on Paul
Deposits. Foreign Exchange. Commercial Credits.
Mendelssohn-Bartholdy, Hamburg.
Gable Transfers.
Circular Letters for Travelers,
Negotiates Securities, Railroad, State, Munioipa
available! n all parts of the world.
etc.
Offers for sale first-class Investment Securities.
ATTORNEYS AND AGENTS OF
Particulars
and terms on application.
FOREIGN BANKERS,
WILLIAM BKOCKIE. President.
M e s s » . J . 8 . M O R G A N A G O .,
WHARTON
BARKER, Vice-President.
HO. 22 OLD BROAD STREET, LONDON. 1 Nassau Street, New York,
HENRY M. HOYT. Jr ., Treasurer.
ETHELBERT WATTS, Secretary.
118 Devonshire Street, Boston.
Board of Directors—William Brockie, George 8.
Pepper, Morton McMichael, Wharton Barker, Henry
C. Gibson, T. Wistar Brown, Isaac H. Clothier.
ATTORNEYS AND AGENTS OP
Advisory Committee of Stockholders.—William
Philadelphia,
N ew Y o r k ,
B oston ,
Potter, George M. Troutman, Gustavus English,
Messrs. BARING BROS. & CO., London William Pepper, M. D., Thomas Dolan, John G.
Reading, Joseph E. Gillingham, John Wanamaker,
A L E X A N D E R B R O W N A SONS,
-->ry E. Smith, Craige Lipplncott, Hamilton
C O M M E R C IA L C R E D IT S .
Dies n, Clayton French. Francis Rawle, William
BALTIMORE.
Wood,
Walter Garrett.
Members of New York, Philadelphia and Baltimore
C ir c u la r C red its fo r T r a v e le r * .
Stock Exchanges.
Execute orders for all investment securities. Buy
C an adian B a n k o f C om m erce.
and sell Bills o f Exchange on Great Britain and
Ga b l e T ran sfer s a n d R ills o f E x c h a n g e on
Ireland, France, Germany, Belgium, Holland,
CAPITAL, («,000,000.
SURPLUS, (1,600,000.
G r e a t B r itain a n d t h e Continent .
Switzerland, Norway, Denmark, Sweden,
J. H. GOADBY & ALEX. LAIRD,
Australia, St. Thomas, St. Croix and
British West Indies.
AGENTS,
I s s n e C o m m e r c ia l A T r a v e le r s ’ C red its
16 E X C H A N G E P L A C E , N E W Y O R K
IN STERLING,
BUY AND SELL STERLING EXCHANGE, CABLE
BAN KERS,
TRANSFERS, ETC.
Available In any part o f the world, In Francs for
N o. 28 B R O A D S T R E E T ,
use In Martinique and Guadeloupe, and in dollars for
ISSUES COMMERCIAL CREDITS, AVAILABLE
use in this country, Canada, Mexico and West Indies.
N ew Y ork .
IN ALL PARTS OF THE WORLD.
Make telegraphic transfers of money between this
oountry, Europe and British and Danish West In Issue Letters o f Credit fo r Travelers
dies, Make collections of drafts drawn abroad on all
On SELIGMAN BROTHERS, London.
points in the United States and Canada, and of
SELIGMAN FRERES & CIE, Paris.
drafts drawn In the United States on foreign coun
SELIGMAN A STETTHEIMER, Frankfurt.
tries.
ALSBERG, GOLDBERG & CO., Amsterdam.
Their London house, Messrs. BROWN, SHIPLEY
ALTMAN A STETTHEIMER, Berlin,
29 W IL L IA M S T R E E T ,
A CO., receive accounts of American banks, firms
Payable In any part of Europe, Asia, Africa, Aus Cor. Exchange Place,
and individuals upon favorable terms.
NEW YORK
tralia ana America.
Draw Bills of Exchange and make Telegraphic
FO REIO N BAN K ER S.
Transfers of Money on Europe and California.
BUY AND DRAW BILLS OF EXCHANGE,
J. K en n e d y T od.
ALE XA N D E R BARING.
83 NASSAU S T R E E T .
H. 0 . N orthcote .
Member N. Y. Stock Exoh’ge MAKE CABLE TRANSFERS, ISSUE TRAVEL.
BBS’ CREDITS.
BILLS OF EXCHANGE ON
ISSUE COMMERCIAL CREDITS, AVAILABLE
A E I T H , P A Y N E A S M I T H ’ S,
IN ALL PARTS OF THE WORLD, ON
BANKERS, LONDON,
No. 63 W ILLIAM STREET,
Messrs. C. J. Hambro Sc Son. London.
M AN C H ESTE R A COUNTY R A N K ,
BANKERS.
“ LIMITED,”
Act as Agents for Banks, Bankers and Railroad
Companies.
MANCHESTER, PAYABLE IN LONDON ;
Issue commercial credits, also foreign and domestic
travelers’ letters of credit In pounds sterling A dollars.
U L S T E R B A N K IN G C O M P A N Y ,
O ffer In v e a tm e n t S ecu rities.
BELFAST, IRELAND;
Buy and sell bonds, stocks and securities in all Am
AN D ON THE
erican, Canadian, British and Dutch markets on com
N A T I O N A L B A N K O F S C O T L A N D , mission. Collect dividends, ooupons and foreign and
inland Drafts.
BANKERS AND BROKERS,
EDINBURGH AND BRANCHES;
Sell Bills of Exchange on
ALSO,
N o . 2 4 P in e S treet, N e w Y o r k .
M E L V IL L E , EVANS & C O „ ? T
CABLE TRANSFERS AND LETTERS OF CREDIT.
C. J . H A M B R O & SON,
* j LONDON.
Transact a General Banking Business.
M A R C U A R D , K R A U S S Sc C O . , l „ l n T a
H O T T IN G UER Sc CO.,
j P A R IS .
Stocks and Bonds bought and sold on Commission.
Orders received In Mining Stocks, and In Unlisted
J ohn M unroe
Securities. Collections made and loans negotiated.
N o . 8 2 N a ssa u S treet, N e w Y o r k .
Dividends and interest collected.
N o . 4 P o s t Office S q u a re , B o s t o n .
Deposits received subject to Draft.
SUCCESSORS TO
Interest
allowed.
Investment securities a specialty.
(■sue Circular Letters of Credit for Travelers’ Use
J E S U P , P A T O N & CO .,
Abroad against Cash or Satisfactory
W e issne a Financial Report weekly.
Guaranty o f Re-payment.
5 2 W i l l i a m S treet, N e w Y o r k .
Jos. G. W alcott ,
) Members of the New York
E x c h a n g e o n L o n d o n , P a r is , B e r lin
Stock Exchange.
Acoounts and Agency of Banks, Corporations, Fr a n k F. Dickinson , j
firms
and
Individuals
received
upon
favorable
terms.
a n d Z u r ic h .
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
Credits Opened a n d Pa ym ents Ma d e b y Cab le .
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
P a r is H o u s e —M U N R O E A CO.
1 6 Sc 1 8 R R O A D S T .,
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
BROKER IN ALL KINDS OF INVESTMENT
sold.
DRAW ON
BONDS, MISCELLANEOUS SECURITIES
THE UNION BANK OF LONDON,
BAN KERS,
AND DEFAULTED BONDS.
BRITISH
LINEN
CO.
BANK,
uONDON
AND
»0 W IL L IA M S T R E E T , N E W Y O R K
CORRESPONDENCE SOLICITED
SCOTLAND.
Kidder, Peabody & Co.,
Brown Brothers & C o.,
J . & W . Seligman & Co.
Heidelbach,
Ickelheimer & Co.,
J. & J. Stuart & C o.,
J. Kennedy T od & C o.,
gim&jzxs and ftrnketfs.
J. C. W alcott & C o.,
& C o.,
John Paton & C o.,
Albert Pearce,
Schulz & Ruckgaber,
CORRESPONDENTS OP THE
I n te r n a tio n a l B a n k o f L o n d o n
( L im it e d ), L o n d o n .
M essrs. J o h n K eren berg , G o ssle r A C o ,
H am bu rg.
M essrs. M a r c u a r d , K r a n s s A C o ., P a r is
Commercial and Travelers’ Credits.
Bills of Exchange.
Cable Transfers.
THE NEW YORK
Produce Exchange Bank.
G eo. Coppell.
Thos . Ma it l a n d .
Gerald L. H o yt , Member N. Y. Stock Exch.
L. C. Lath rop , Oscar B. Smith , j . H.Olifhant
Smith & Oliphant,
Maitland, Phelps & C o., Lathrop,
BANKERS AND BROKERS,
B A N K E R S
AND
COMMISSION
22
A
24
MERCHANTS,
E x c h a n g e P la e e ,
Ne w Y ork.
3 7 B R O A D S T ., N E W Y O R K ,
6 P A C IF IC A V E ., C H IC A G O
Members New York Stock Exohange, New York
Cotton Exchange, and Board of Trade Chicago.
Alexander Campbell & Co.,
C A P I T A L , $ 1 ,0 0 0 ,0 0 0 .
BILLS OF EXCHANGE, LETTERS OF CREDIT,
TELEGRAPHIC TRANSFERS OF MONEY ON
BANKERS AND BROKERS,
Transacts a general banking business.
LONDON, PARIS, MEXICO, CUBA, Ac.. Ac.
Receives accounts ox banks, bankers and corpora*
ions upon favorable terms,
2 6 P IN E S T R E E T , N E W Y O R K .
KOUNTZE BR O TH ER S,
Issues certificates of deposit bearing interest.
BA N K E R S,
Makes loans upon approved merchandise.
Malcolm Campbell , Member of N. Y. Stock Exch
120 B r o a d w a y , Equitable Building, New York,
Solicits mercantile and personal accounts.
L E T T E R S OP C R E D IT AN D
B ills o f E x c h a n g e D r a w n o n t h e C ity
C IR C U L A R NO TES
B a n k , L im ite d , L o n d o n .
Issued for the use of travelers in all parts o f the
world.
Bills
drawn on tne Union Bank of London.
C ir cu la r L e tte rs o l C redit issu ed lo r Telegraphic transfers
made to London and to various
BANKERS AND BROKERS,
tr a v e le r s ’ u se and C om m ercia l C redits places in the Uniteo States. Deposits lecelved, sub
opened in E urope, A “ f a . S outh A m e rica ject to check at sight, and Interest allowed on bal T4 B R O A D W A Y a n d 9 N E W S T R E E T ,
ances. Government and other bonds and invest
and the W e s t In d ie s.
N ew Y o r k .
ment securities bought and sold on commission.
Howard Lapsley & C o.,
THE CHRONICLE,
J unk 25, 1887.]
in
%vm/ktX8 aud fBrflhers in 3Jetxr 'Uotrfc. ©ittj.
H. L. Horton & C o.,
5 4 an d 5 6 B R O A D W A Y , N ew Y o r k .
BARTHOLOMEW HOUSE,) T nismoN
BARTHOLOMEW LANE, J
F. M. L ockwood ,
Taintor & Holt,
J. H eron Crosman
Lockwood & Crosman,
BANKERS,
B A N K E R S AND B R O K E R S,
N o . 11 W a l l S t ., C o r. N e w , N e w Y o r k .
S pecial A tte n tio n G iven to A m e rica n
TRANSACT
a
GENERAL
BANKING
business.
N
o
.
31
N e w Street a n d N o . 1 E x c h a n g e
S ecu rities.
DEPOSITS received and INTEREST allowed on
C o u rt, N e w Y o r k .
Solicit Accounts and Orders for the Purchase and balanoes.
Sale o f Bonds, Shares, Ac., Ac., on Commission, in
Bur and sell GOVERNMENT, MUNICIPAL and
Private
telegraph
wires to Chicago, Boston, Phila
New York, Boston, Chicago, London or Paris,
RAILROAD Securities.
Interest allowed on deposits subject to drafts at
Private telegraph wires to Provldenoe and Boston. delphia and Baltimore.
sight.
We solicit orders for the purchase or sale of any of
GEO. H. HOLT
Members o f the New York and Boston Stock Ex GILES E. TAINTOR.
G. D. L’HUILIER.
the securities of the
changes and o f the New York and Chicago Produce
Exchanges.
P h ila d e lp h ia Sc R e a d in g R R . C o .
Private wires to Chicago, St. Paul, Boston, Hart
ford, Buffalo and Utica.
on the Philadelphia or New York Stook Exchanges.
7 N ASSAU S T R E E T ,
Edmund & Chas. Randolph,
H . B. Hollins & Co.,
BANKERS,
18 W A L L a n d 3 N ASSAU S T R E E T S ,
NEW YO R K .
T ra n sa ct a G e n e ra l B a n k in g B usin ess.
DEALERS IN GOVERNMENT, MUNICIPAL AND
RAILROAD SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED.
INTEREST ALLOWED ON DAILY BALANCES.
E. L. Oppenheim & C o.,
[ESTABLISHED 1862],
BANKERS AND BROKERS,
51 & 53 New Street and 42 Broadway.
Branch Oppice, 91 Leonard Street .
Edward L. Oppenheim.
Walter Del Mar.
S. M. Roberts .
Pa u l Sc hw ar z .
Roberts & Schwarz,
(M I L L S B U I L D I N G ,)
IN V E S T M E N T
S E C U R IT IE S .
M e m be rs N. Y, Stock Ex c h a n g e .
Geo
K. Sistare’s Sons,
Transact a strictly Commission business In Stocks,
Bonds, Commercial Paper, Collateral Loans and
1 6 Sc 1 8 B r o a d S tree t, N e w Y o r k .
investments generally. Correspondence solicited
Refer to Mr. E d m u n d D. R a n d o l p h , President 1 31 S o u th T h ir d S treet, P h ila d e lp h ia ,
Connected
by Private Wire with main office. Ne»
Continental National Bank.
York.
DEALERS IN
T. s. Y oung, Jr .,
W. S. Nelson .
Member N.Y. Stock Exchange.
F IR S T -C L A S S IN V E S T M E N T S .
Young & Nelson,
BANKERS AND BROKERS,
3 6 W a ll S treet, N ew Y o r k .
All stocks and securities dealt In at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits reoeived and interest
allowed on balanoes.
Hamilton & Bishop,
BANKERS AND BROKERS,
No. 9 6 B R O A D W A Y , N E W Y O R K .
(Members New York Stock Exchange.)
Accounts of Banks, Bankers and others received.
Interest allowed on balances. A strictly Commission
Business in the purchase and sale of stocks and bonds.
Private Telegraph Wire to Albany.Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chicago.
Draw on City Bank of London in amounts to suit.
Special attention given to Securities for Investment.
W m. V . Ca r o l in ,
Ch a r l e s
Member N.Y. Stock Exchange.
f.
Co x .
Carolin & Cox,
Buy and sell on Commission, for cash or *■ arglr
all securities dealt In at the New York Stock Ex
change.
Interest allowed on dally balances.
All deposits subject to check at sight.
Particular attention to orders by mall or telegram.
Green & Bateman,
BANKERS,
1 0 W a l l Street, N e w Y o r k .
I
Stocks, Bonds and Cotton.
T ra n sa ct a G en era l B an k in g B usiness
Interest a llo w e d on Depoaltn.
John H. Davis & C o.,
BANKERS AND BROKERS,
N o . 1 0 W A L L S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all
B a n k e rs and C om m ission S tock B ro k e rs ,
Exchanges.
We make a specialty of the buying, selling and
No. 55 BROADWAY,
Especial attention given to. supplying high-class
placing of first mortgage bonds o f railroads, water Branch Office, 315 Madison Av.,cor. 42d St.,NewYork.
IN V E S T M E N T S E C U R IT IE S .
Deposits received subject to check at sight, and in
works, gas works and other first-class corporations. terest allowed on daily balances. All stocks and secur
ities dealt in at the N.Y. 8tock Exchange bought and
JAMES
WHITELY.
H. CRUGER OAKLEY.
We solicit correspondence.
sold on commission, for cash or upon margin.
Ma y n a r d C. E y r e ,
H e n r y h . D odge , Washington, D. 0.
W m . R. T r a v u h s , Special Partner.
Fred. H. Smith,
Prince & Whitely,
BANKER & BROKER,
No. 64 B R O A D W A Y , N E W Y O R K .
mfiPTrn’ «' jJ180
fifthgt>
Av..
New York. D.C.
BRANCH OFFICES,
53915th
> Washington,
RANKERS,
N o . 3 0 B R O A D S T ., N E W Y O R K .
Twenty years’ experience In Railroad Bonds. Par* 1 8 W A L L S T R E E T , N E W Y O R K .
Buy and sell on commission all classes of Railroad
ties desiring to buy or sell Unourrent Bonds will
E stablish ed 1 8 6 5 ,
Securities; also Grain and Provisions.
please communicate.
rrivate telegraph wires t.o Philadelphia, Wilming
Stooks bought In Fractional Lots or otherwise,
MEMBERS OP NEW YORK STOCK EXCHANGE.
either for Cash or on Margin.
Allow Interest on deposits subject to sight check. ton, Baltimore, Washington, Bridgeport, New
F. H. Smith , 1Members Consolidated Stook and Buy and sell on commission stocks and bonds either Haven, Boston and Pittsburg.
8. W. Sm ith , ( Petroleum Exchange, New York,
for cash or on margin, and deal In
Chrystie & Janney,
A . Dutenhofer,
Investment Securities.
A. M. K id d e r ,
H. J. MORSE,
W a y l a n d Tr a s k ,
CHAS. D. AlARYIN,
BROKER
AND
BANKERS,
N o s. 3 3 & 3 5 N a ssa u S t., N e w Y o r k
Receive deposits subject to check at sight and
allow Interest on baances.
Deal In Rail Road Bonds, State, County and Muni
cipal Securities.
Give special attention to consignments of Bullion
and make liberal advances on same when desired.
Dealer in Miscellaneous Securities,
ß o o d i i #
A lc U e ffa tt
&
C
o - t
B A N K E R S ,
5 7 B ro a d w a y , opp. E xch an ge P la ce , N. Y.
W alston H . Br o w n .
Fred . A . Br o w n .
B ranch Office, 9 4 1 L a S a lle S t., C hicago.
H erbert p . Br o w n .
TRANSACT A GENERAL BANKING BUSINESS,
INCLUDING THE PURCHASE AND 8ALE OF
STOCKS AND BOND8 FOR CASH OR ON MAR
GIN. BUY AND SELL INVESTMENT SECURI
BAN KERS.
TIES. INTEREST ALLOWED ON DEPOSITS
Accounts of Corporations and Individuals received SUBJECT TO CHECK AT 8IGKT.
upon Liberal Terms. Securities Bought and Sold on
P. 0. Box 447.
Commission.
D. A. BoODY.
O. W . MoL ella N.
Reuben l e l a n d .
W m . f . L e s sl ie .
N o. 3 0 N ASSAU S T R E E T ,
H e n r y T. B oody .
NEW YORK.
Walston H. Brown & Bros
BANKERS,
N o. 63 C E D A R S T R E E T .
U N IT E D B A N K B U IL D IN G ,
W a l l S treet, c o rn e r B r o a d w a y .
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment Securi 8T 00K S , BONDS <t COMMERCIAL PAPERStocks and Bonds bought and sold on commission
ties.
at New York Stock Exchange. Advances made on
business
paper and other securities._______________
Hir a m De w in g . Cl a r k D ew in g . F .T .B ontecou
(Member o f N. Y. Stock Exch.)
N o . 1 8 W a l l S tree t, N e w Y o r k .
Stocks and Bonds bought and sold on commission.
Particular attention given to information regard
ing Investment Securities
lowa Loan St Trust Co
per cent
boercht and sold
31 PINE STREET, NEW YORK,
B A N K E R S AND
BROKERS
SUCCESSORS TO
. WOOD
&
D A V IS .
Execute orders In all securities listed at the New
Fork Stock Exchange. For Sale:
«Tr st -Cl a s s R a il r o a d F ir s t Mortgage Bonds
J. L. Robertson,
BANKERS,
B A N K E R S AND B R O K E R S,
W ood, Huestis & Co>,
GEORGE C. WOOD. 0. H. HUESTIS. L. M. SWAN
Gilman, Son & C o.,
H. Dewing & Son,
MILLS BUILDING (3d Floor,)
Rooms 25 St 26.
35 W A L L STRE E T.
STATE AND CITY BONDS OF GEORGIA, ALSO
SECURITIES OF THE CENTRAL RR. St BANK.
ING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or sell are Invited to dal)
or correspond. Prompt and personal attention givon
to all orders.__________________________________
Frederick W . Perry,
Successor to J. h . l a t h a m & Co.)
UNITED BANK BUILDING,
B O N D AMD S T O C K B R O K E R ,
Dealer in Investment Securities,
No. 7
NASSAU STREET,
(Continental National Bank Build) g,)
N e w Y o r k ,________________
R. J. Kimball & C o.,
[Established In 1865.]
BANKERS AND BROKERS,
16|& 1 8 B r o a d S treet, N e w Y o r k ,
Members of the New York Stock Exchange and of
the Philadelphia Stock Exchange.
City, County, State, Railroad, District o f Colum
R o ber t J. K im b a l l .
A lfred b . L o u n sbxbbt
bia Bonds and Foreign Exchange.
No. 3 W A L L S T R E E T , N E W Y O R K .
THE CHRONICLE
IV
ffiuattcial.
^financial.
Douglas & Jones,
7 2 B ro n d w n y .
1 3 N ew S treet
(Members o f the N. T. Stock Exchange.)
Buy and sell Stocks and Bonds for cash or on mar
gin. Interest allowed on deposits. Correspondence
solicited.
JOHN F. DOUGLAS.
Of the late firm of I.awsdh, Douglas & Co.
WILLARD H. JONES.
Late o f W.8.Lawson & Co.. Member N.Y Stock Exch.
NO. 20 BROAD STREET, NEW YORK.
STOCKS, BONDS,
A N D M IS C E L L A N E O U S S E C U R IT I E S
Correspondence solicited.
Quotations cheerfully furnished.
W m . H. R o l s t o n ,
W. A ljcx. Babb, Jr.
Member N. T. Stock Exch’ge.
g p ttlx X
Desirable Six Per Cent
Gold Bonds
1 8 W a l l S treet, N e w Y o r k ,
Execute Orders In all Secnrltiea Listed on
NEW YORK STOCK EXCHANGE,
Special Attention given to
Government & other Investment Bondt
Correspondence solicited.
W. H. UlCKlNBON,
JSDWAKD P. ALLING.
Member N. 7. Stock Exchange.
Dickinson & Ailing,
B A N K E R S
AND
BR O K E R S,
N o . 3 0 P in e 'S tr e e t, N e w Y o r k .
Bny and sell at N. Y. Stock Exchange, for .IN
VESTMENT or on MARGIN, ail classes of Stocks
and Bonds, and allow interest on deposits, subject to
check at sight.__________________________________
b o n d
Jarvis, Conklin & C o.,
b r o k e r s
2 8 S o u th T h ir d S treet,
P h ila d e lp h ia .
[DIRECT PRIVATE W IR E TO
NEW
o r THE
ROME
&
DECATUR
E x c h a n g e P la c e , N e w Y o r k ,
BANKERS AND BROKERS.
Geo. H. Prentiss & C o.,
No. 49 W A L L
M ONTAGUE
16 A 18 BROAD ST., NEW YORK.
Transacts a general Banking bnsiness, including the
pnrohase and sale o f stocks and bonds for cash or os
margin.
S T .,
BROOKLYN.
GAS STOCKS
AND
G AS
C. J. Turner & Son,
S T ., N E W Y O R K ,
AND
"BANKERS AND BROKERS,
E Q U IT A B L E B U IL D IN G ,
(16 Years’ Membership in the N.Y. Stock Exchange.
B A N K E R AND B R O K E R ,
RR.
Principal payable 1920. Interest June and Decem
ber at American Loan A Trust Co., Trustee.
Issued at the rate of $16,000 per mile.
This railroad runs through the richest mineral and
agricultural portions of the 8tates of Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, including the East Ten
nessee Virginia A Georgia and Georgia Central roads
GROVESTEEN A P E L L ,
S E C U R I T I E S ,
Street Railroad Stocks
and
Bonds,
AND ALL KINDS OP
BROOKLYN
S E C U R IT IE S
D E A L T IN .
SEE GAS QUOTATIONS IN THIS PAPER.
H. Prentiss , W.D.P rentiss . W.W.W a l s h .
Memb. N.Y. Stock Exch.
L. F. OLNEY, JR.
Ge o .
James D. Simons,
(Formerly SIMONS A CHEW )
R A N K E R A BROKER,
2 E x ch an ge C ou rt A 3 2 B r o a d w a y . N. Y .
All Securities dealt In at N. Y. Hio<"k Exchange
bought and sold for Cash or on Margin Special at ten-'
tion given Investments. Correspondence solicited.^
MemberN. Y. ¡stuck Exoiutuge.
M e m b e r N. Y. Produce Exchange.
Simon Borg & C o.,
H . L. Grant,
N o.
! CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
See Quotations of City Railroads in this paper.
Staten Island Securities
N o . 1 7 N A S S A U S T ., N E W Y O R K ,
D EALERS IN A L L K IN D S OR
Railroad and Inyestment Securities.
A S P E C IA L T Y .
S. B
ailey
d ealin g s
iNj
I N S U R A N C E
Tills Company offers for sale at par and
accrued interest its
S IX P E R C E N T D E B E N T U R E S ,
payable half-yearly at the office of TH 3 M ER
CANTILE TRUST CO., NEW YORK. These
Debentures run for Ten years, but with the
option o f redemption at the end of Five years.
They are direct obligations of the Company,
and are further secured by an equal amount o f
Real Estate Mortgages on im proved and pro
ductive Real Estate worth from three to live
times the amount of,the mortgages, held by THE
MERCANTILE TRUST CO., which under special
Articles o f Agreem ent acts as Trust ee for the
holders o f the Debentures. They are issued in
denominations of $500, $1,000 and $5,OoO
These Debentures are a very desirable class
of investments for Estates and Trust Fundsand for individuals and corporations desiring
an exceedingly safe investment, with a com ,
paratively high rate of interest..
Write for further information and reference
to our office at Kansas City, Mo., or to
R O L A N D R . C O N K L IN , S ecreta ry,
E q u ita b le B u ild in g , N .Y . C ity.
J O H N M . S H R I G L E Y , Manager,
4 1 1 W a l n u t S t., P h ila d e lp h ia .
M O R G A N Sc B R E N N A N , M a n a g e r !,
2 7 C u sto m H o u s e Street,
. P r o v id e n c e , R . I .
National Cable Railway Stock.
Duluth South Shore & Atlantic Sub
scriptions.
South Pittsburg City Stock.
Alabama Mineral Land.
Chicago
S T O C K S
& Superior Laud
T O B E Y
A
K I R K ,
4 AND 6 BR OAD
_______________ N E W
STREET,
Y O R K ._______________
T r u s t C o .’s S to c k s .
AT/L OF TUB
N ew Y o rk
GEO. B . R IP L E Y ,
AND
66 B roadw ay, R o o m 8.
B r o o k l y n C o m p a n ie s ’
BOUGHT AND SOLD BY
COLORADO CENTRAL
Consolidated Mining Co.,
A ? S P E C IA L T Y .
Cash paid at once for the above securities; or they
will be sold on commission at seller’s option.
Portage
Grant Bonds.
,
S>s P I N E S T R E E T .
MO.
$ 1 ,0 0 0 ,0 0 0
R O L A N D R . C O N K L IN , Sec’ y .
W M . F . S H E L L E Y , T rea»’ r.
G E O . W . M c C R A R Y , C o u n se l.
Gas, Railroad & Amusement Co. Stocks
Sou th er n Secur ities a Sp e c ia l t y .
E.
145 B R O A D W A Y ,
NEW YORK.
C IT Y ,
OFFICERS:
8 A M U E L M . J A R V I S , P re s’ t.
E D W I N E . W I L S O N , 1 st V le e -P r e s ’ t.
H E N R Y P . M O R G A N , 2 d V lc e -P r e a ’ t .
YO RK .]
First Mortgage 6 P er Cent Gold Bonds
208
1 2 0 B r o a d w a y .1
KANSAS
C a p it a l P a id U p
W E O F F E R FOR SALE
E. H. Harriman & Co.
“ w m . m . h a r r im a n ,
)
^ N ic h o la s f i s h .
>
^j Kd w d H . H a k k im a n , Special.) ;
Jarvis-Conklin
Mortgage Trust C o.,
W ILLIAM G. HOPPER & CO.,
'A LIMITED AMOUNT OP
Cahoone & Wescott,
S t t t fje s t m je t it s .
SUCCESSORS TO
FOR SALE BYjU
SiTjO C K ;a n d
Rolston & Bass,
[VOL. S U V ,
4S E X C H A N G E P L A C E .
Pa u l L ichtenstein ,
K. v .
President,
H . R. Ba l t zsr ,
Vice-President,
W. E. Ma n t iu s ,
Treasurer.
Secretary.
l.G. W. HALL, Sup’t.
m a r t in s e n ,
W
M
.
C .
IV O
Y E S ,
96 B roadw a
See my quotations of Trnst and Telegraph Stocks
In Daily Indicator and Saturday’s Evrnino Post-
Kansas Investment Co.
OF T O P E K A , KANSAS,
6 PER CT. SECURED GOLD BONDS,
Principal and interest payable at the
NINTH NATIONAL BANK, NEW YORK.
Stewart B rown ’ s Sons,
6 4 B r o a d w a y A 1 9 N e w S t., N e w Y o r k *
I m p o r t a n t N o t ic e .
TO HOLDERS OF KANSAS REAL ESTATE
MORTGAGES:
Said bonds are fully secured by first
mortgages on improved real estate in
Kansas, deposited with the
W . H. Goadby & C o.s
Send to HODGES & KNOX, TOPEKA, KANSAS,
for Free Pamphlet containing the compiled Laws of
Kansas relating to Real «¡state Mortgages.
They are largely taken by institutions
and conservative investors generally.
Gas, Insuran ce, Banks, City Railroads, Ac. Send
for list published Mondays.
'
J . P. W IN TK.I 'G H A M, 3 « P in e S t., N .Y .,
Member Consolidated Stock A Petroleum Exch,
Member N.Y. Produce Exchange,^__
:
P rice , P a r an d A ccru ed In te re st.
Represented by
A . D . M ID D L E T O N ,
1 0 W a l l xS tr ««t 4 N# Y .
STOCK
BROKERS,
BANKERS AND BROKERS, ]
No*
24
B R O A D
S T R .E ]E ,T ],
N ew Y ork*
BOS'lON SAFE DEPOSITS; TRUST 00., Iruxtet
J une 25, 1887. J
THE CHRONICLE.
I fit r a u jc t a l.
OFFICE OF THE
CENTRAL RAILROAD CO. OF NEW JERSEY,
119 LIBERTY ST,
New Yo r k , June 17,1887.
R E F E R R I N G TO T H E P L A N O F R E O R
G A N IZ A T IO N A N D T H E P R O P O S IT IO N S
O F T H I S C O M P A N Y , both dated Junes, 1887»
notice is hereby given that S U B S C R IP T IO N S
to the NEW 100-YEAR 5 PER CENT GENERAL
MORTGAGE GOLD BONDS, whether payable
in cash by stockholders or in securities, will be re
ceived by the CENTRAL TRUST COMPANY of
New York, 54 Wall St., as Trustee of the new Gen
eral Mortgage and Agent o f the Receivers, on and
after M O N D A Y , JU N E 2 0 , IN S T ., when ne
gotiable General Mortgage Bond Certificates, certi
fied by the Trustee, will be issued and fractional
amounts adjusted as desired.
J. ROGERS MAXWELL, President.
OFFICE OF THE
Keokuk & Western KR. Co.,
▼- -
JutzxtsXt JJinidemls, Set.
I T it t a t x jc ia l,
rp H E D E N V E R 4c R I O
GRANDE
RAILROAD COMPANY, 47 W il l ia m St r e e t .
Redemption
Ne w Y o r k , June 2,1887.
DIVIDEND NO. 1.
The Board of Directors have this day declared a
dividend o f TWO AND ONE-HALF P&R CENT
on the preferred capital stock out of the net earn
ings of the company now in its treasury, payable
July 12,1887.
The transfer books of the preferred stock will
close for this purpose on the 30th day of June at 3
o’clock P. M„ and reopen on the morning of July 13.
By order o f the Board oftDirectors,
WILLIAM WAGNER, Secretary.
TH E
S T . P A U L M IN N E A P O L I S A
MANITOBA RAILWAY COMPANY,
40 W a ll St ., Ne w Yo r k , June 28,1887.
The semi-annual interest due July 1,1887, on the
following bonds will be paid at this office on and
after that date, on presentation o f the proper
cou pon s:
St. Paul & Pacific RR. Co. $700,000 Mortgage,
St. Paul M. & M. Railway Co. First Mortgage.
52 WILLIAM STREET,
St. Paul M. & M. R’y Co. Consolidated Mortgage.
Minneapolis
Union Railway Co. First Mortgage,
New Y o r k , June 17,1887.
Checks for toe interest due July 1 on the Regis
N O T IC E .
tered Consolidated Bonds will be mailed to holders
o f the Metropolitan Trust Company’s o f record at close of business June SO, 1887.
EDWARD T. NICHOLS, Assist. Sec.
receipts for Iowa Division Wabash St. Louis A
Pacific Railway Company’s Bonds are hereby noti
fied that on and alter July 15th, 1887, the receipts Q H I C A G O S T . P 4 .U L M IN N E A P O L I S
will be exchanged for stock in the Keokuk & West& OMAHA RAILWAY COMPANY. 52 WALL
eEF Railroad Company, upon presentation at the
Office of the Metropolitan Trust Company, 85 Wall St r e e t , Ne w Y o r k , June 23,1887.—A semi-annual
street, New York city, in conformity with the terms dividend o f THREE PER CENT on the preferred
of a resolution adopted at a meeting of the bond stock o f this company will be paid at this office on
holders held on the 10th day of May. 1887.
Wednesday, July 20, next. Transfer books of pre
G. H. C ANDES, Vice-President.
ferred and common stocks will close on Tuesday,
June 80, inst., and reopen on Friday, July 22,1887.
M. L. SYKES, Treasurer.
Gas Trust Co. o f Chicago
CERTIFICATES and BONDS
DEALT IN BY
P . J,
GOODHAItT
A
C O .,
M em be rs n . Y. Stock E x c h a n g e ,
24
BROAD ' STREET,
__ _______________ NEW YORK
BOND CALL.
t h e
err* of
W il l ,
on
q u i v e r , i l l .,
JU L Y 1 ,1 8 8 7 , P a y
4c P A C I
of t h e
A quarterly dividend of $1 75 per share will be paid
Aug. 1 next to the shareholders of this company’s
stock registered on the closing of the transfer books.
The transfer books will be closed June 27 and re
open July 29.
w. G. PURDY,
Treasurer.
TH E
D E N V E R 4c M O
GRANDE
RAILROAD COMPANY.—Coupon No. 2, due
Jn y 1st. 1887, o f the first consolidated mortgage
bonds, will be paid on and after that date at the
office o f the Assistant Treasurer, 47 William Street,
New York.
J. W. GILLULY, Treasurer.
June 23,1887.
at the
RIC K E R NATIONAL BANK OF QUINCY
THE PRINCIPAL OP
$13,800 o f its 6 P er Cent Registered
Ronds, Due July 1, 1887.
Coupons payable at the State Treasurers’
agency in New Pork city. Interest to cease
after that date.
THEO. H ERR,
JAS. M. BISHOP,
Comptroller.
Mayor.
Walkley & Co.,
10 W A L L S T R E E T ) N E W Y O R K ,
BROKER8 IN
Second-Hand Railway Equipment,
Hp,ve now for sale at low prices, for cash or on
easy terms, on Car Trust, or will exchange for good
securities.
*
3 .5 0 0 B O X C A R S ,
1 .5 0 0 F L A T A N D G O N D O L A C A R S ,
50 0 STOCK CARS,
23 5 R E F R IG E R A T O R C ARS,
17 L O C O M O T IV E S .
If desired, will be put in good repair, repainted,
and relettered.
’
Whether you wish to buy, sell, or trade, it will Day
you to write us for full particulars.
First Mortgage 6 P er Cent Gold Bonds
($ 1 5 ,0 0 0 P E R M ILE )
Georgia Midland & Gulf
Railroad Co.,
DUE JULY 1, 1926.
Interest, New York, January and July,
Standard gauge, steel rails, first-class equipment.
A limited amount for sale. Descriptive pamphlets
containing copies o f mortgage, furnished on appli
cation.
B . A . L A N C A S T E R & C O .,
1 0 W a l l S treet.
XTO T IC E O F L IQ U ID A T IO N .—NOTICE
-t-’ is hereby given that the stockholders of the
Council Bluffs National Bank, located at Council
Bluffs, in the State o f Iowa, at a meeting held on
the 5th day o f May, 1887, voted to go into volun
tary liquidation. A ll depositors and others hold
ing claims against said bank will therefore present
the same for payment.
L. W. TULLKYS, Pres’L
Q H IC A G O R O C K IS L A N D
FIC RAILWAY COMPANY.—Offic e
T r e a s u r e r , Ch ic a g o , June 23,1887.
Q F F I C E O F W E L L S , F A R G O 4c CO.,
No. 65 Br o a d w a y .—New Y o rk , June 20,1887
The regular semi-annual dividend of FOUR PER
CENT has been declared by the directors of this
company, payable July 15, 1887, at our office, as
above. The transfer books will close June 30 at 2
P.M., and re-open July 16.
H. B. PÀH80NS, Assistant Secretary.
T H E F O U R T H N A T IO N A L B A N K
X
OF THE CITY OF NEW YORK.
„
. New Y o rk , June 23,1887.
The board <1 directors have this day declared a
dividend of FOUR PER CENT, payable on or after
July 1,1887. The transfer book will remain ci sed
until that date.
O. D. BALDWIN,
_____ '
___________________ President.
Q F F I C E OF T H E O N T A K IO S IL V E H
^
MINING COMPANY, M il l s B u il d in g , 15
Broad Street, New York, June 20,1887.
DIVIDEND No. 183.
The Regular Monthly Dividend o f FIFT Y CENTS
per share has been declared for May, payable
at the office o f the Company, San Francisco, or at
the transfer Agency in New York, on the 30th inst.
Transfer books close on the 25th inst.
LOUNSBERY & CO., Transfer Agents.
TH E
A
S T . P A U L M IN N E A P O L I S
MANITOBA RAILWAY CO.
&
OF
OPTION
BONDS
OF THE
S IX P E R C E N T LOAM O F 1SS1.
TE RR I IO R Y OF D A K O T A ,)
T r e asu rer ’ s Of f ic e ,
>
B ism arck , June 4 .1 8 8 7 .)
B y the authority oonferred by the Session
Laws o f 1887, upon the Territorial Treasurer
notice is hereby given that the priuoipal and
accrued interest o f the bonds herein-below
designated will he paid at- the Treasurer’ s
office, in the City of Bismarck, on the first day
of July, 1887, and that the interest on said
bonds will cease on that date, viz.:
$ 4 0 ,0 0 0 0 0 —Six per cent Bonds, Nos. 1 to 80,
inclusive. Issued for the construc
tion of the Hospital for Insane at
Yankton, Dakota, dated May first
$ 5 0 ,0 0 0 0 0 —Six per cent Bonds, Nos. I to 100
inclusive, issued for the construc
tion of the Penitentiary at Sioux
Faffs, Dakota, dated May first,
$ 9 0 ,0 0 0 00 -T otal.
Parties forwarding the above bonds should
assign them to the Territorial Treasurer for
“ redemption.”
Where checks in payment a ie desired in favor
of any one but the i ayee, bonds should be as
signed to some well-known bank for collection.
JAMES W. RAYMOND,
Territorial Treasurer.
Q F F I C E O F T H E P E N N S Y L V A N IA
RAILROAD COMPANY. — PHILADELPHIA
May 11,1887.
At a meeting of the Board of Directors of this
Company, held this day, the following resolution
was adopted:
Resolved, That for the purpose of providing the
necessary capital for construction and equipment
expenditures during the year 1887, on the main and
leased lines and branches, and for the completion
and extension of new and auxiliary lines, the cost of
which is estimated as follows:
Construction of third and fourth
tracks and additional facilities
on the Pennsylvania Railroad,
branches, and leased lines___$4,000,000
Real estate Pennsylvania Rail
road,branches and leased lines 700,000
Locomotive engines and passen
ger equipment......................... 1,300,000
Construction of branch and aux
iliary lines.lu addition to those
now in operation...................... 2,000,000—$8,000,000
the privilege be given to the shareholders of the
company of subscribing at par between tbe 15th and
30th days of June, 1887, on which latter date the
privilege will cease, for 8 per cent of their respect
ive holdings as they stand registered on Wednesday.
May 11th inst. Shareholders entitled to a fraction
of a share may subscribe lor a fuff share. The prtvilege of subscribing may be sold by any shareholder,
and blank forms for such purp >se will be furnished
on application to the Treasu er. Payments may be
made in full prior to J u ly 1,1887, or one-naif shall
be paid prior to JuJy 1, 1887, and tbe remaining onehalf shall be paid prior to September 1,1887, and in
either case receipts will be given bearing interest at
the rate of 4 oer cent per annum from the date of
payment until November 1,1887, at wbioh time said
receipts will cease to bear interest. On and after
November 1,1887, certificates for the new stook will
be delivered on surrender of the receipts.
R O B E R T W . S M IT H ,
T re a s u r e r ,
New York City & Northern RR. Co.
Notice is hereby given that the time within which
The board of directors of this company have de holders of the first mortgage consolidated (6 per
clared the usual qua terly dividend or oneand one- cent) bonds o f the above-named company or holders
hajf^per cent, payable at this office on and after Aug. of certificates of the Farmers’ Loan A Trust Com
For the purposes of paying this dividend and of pany, issued against the deposit of said bonds, may
holding the annual meeting of stockholders at the become parties to the plan and agreement for the
office of the company at St. Paul, Minn., Aug. 18, re rganizatlon of said railroad company, is hereby
1887, the stock transfer books will be closed at 12 extended to and including the twenty-third day of
1887, after which date an assessment of $20 for
o’clock noon, Saturday, July 16,1887, and will be re July,
each certificate for a $1.000 bond will be required
opened at 10 o’clock A. M., Friday, August 19.1887
For details of plan and agreement and for fur
EDWARD T. NICHOLS, Assist. Sec.
ther information inquire of MESSRS. HOLMES A
ADAMS, 35 Wall St., New York.
*
(C O N T IN E N T A L N A T I O N A L B A N K .—
HENRY F. DIMOCK,
1
WM.
MERTENS.
i
„
.
,
...........
New Y ork , June 24,1887.
ARNOLD MARCUS.
I Purchasing
FIFTY-SEVENTH DIVIDEND.
GKO. WARREN SMITH, I Committee,
The directors have this day declared a dividend
and GEO. F. STONE,
J
of THREE (3) PER CENT, out of ihe earnings
Ox the past six months, payable July 5, proximo,
be clo ed ate ^rom
the transfer books will T> E O K G 4 N I Z A T I O N O F T H E P H I L D*'xrvDiH!£ P« . IA
READING RAILROAD COM
ALFRED H. TIMPSON, Cashier.
PANY and affiliated companies.
Notice Dis hereby given that the third instalment
of
25
Pihft
CENT
of
the
contribution required upon
1 U O B T H E R N P A C I F I C R A I L R O A D the stock and securities
deposited with Messrs.
x ' C O .-T k e a s u r e r ’ s Offic e , No . 17 Br o a d St
Brown Brothers A Company under the Plan of
„
.
N e w Y o r k , June 23,1887.
Reorganization of the above companies, is herebv
Coupons of the general first mortgage gold bonds called,
and will be payable on or before
o f this company, due July 1,1887, will be paid on
AUGUST 1ST, 1887.
presentation at this ffice on and after that date.
fourth instalment o f 25 per cent is also here
The books tor the transfer of the $5,000 registered byThe
and will be payable on or before Septem
cei tifleates will close June 27, and re-open July 5 bercalled,
1st, 1887.
1887. At close oi business June 30 cheeks for inter
Payments are to be made at the offices of Messrs
est due on said registered certificates will be mailed Brown
Brothers & Company, in the cities of New
to holders of record at their respective addresses
York and Philadelphia.
ROB1'. JLENUX BEL ¿.NAP.
By -.1der of the Board of Reconstruction Trustees
Treasi rer.
JAO. B. GARRETT, Chairman.
No. 40 W a l l St .,N ew Y o r k , June 23,1887.
VI
[V ol. XLIV,
r H E lC H R O N I C L F
f f in a c c ia i.
^ iu a tu c ia l.
ffiu a m c ta í.
New Loan.
$
CITY
4
of
1-2
ST.
PER
P A U L Water
Supply
Bonds,
Issued by the City o f Dallas, Ttxas.
N O T IC E .
CENT
Under and by authority of a resolution of the City
Council, adopted May 23,1887, sealed proposals will
be received at the office of the City Secretary of the
P rincipal and Interest Payable in City of Dallas, Texas, until 6 o’clock P. M., June
25,1887, for the purchase of 1100,000, 80-year, 5 per
cent Water Supply Bonds of the City of Dallas.
New York City.
Interest payable semi-annually, and both interest
and principal are payable in New York city at such
banking house as the City Council may direct. Said
Assessed valuation o f real es
bonds will be sold in whole or in part to suit pur
chasers.
The city reserves the r ght to reject any
tate ..............................
$68,539,570 00
and all bids.
W. E. PARRY,
City Secretary,
15,554,481 OO
Personal p roperty.....................
Dallas, Texas.
T H IR T Y -Y E A R
BONDS.
T o ta l...................................... $34,124,051 00
Estimated casli valuation....... $180,000,000 00
Personal estate..........................
Not estimated.
Population (Census o f 1 8 8 5 )..
111,397
T otal bonded debt, A pril 30,
1 8 8 7 ........................................
FOB S A L B
B L A K E ,
18
SPENCER
$4,162,421 65
BY
BROS.
&
CO.,
W A L E STREET,
TRASK
&
CO .,
16 AND IS B R O A D ST R E E T .
June
Investments.
Sandusky Mansfield & Newark
(Lake Erie Div. Balt. & Ohio)
1st 7s, 1909.
Columbus & Toledo Bailway
(Columbus Hocking Valley & Toledo)
1st 7s, 1905.
Ohio & West Virginia Railway
(Columbus Hocking Valley & Toledo)
1st 7s, 1910.
St. Louis Vand. & Terre Haute
(Guar.Terre Haute & Indp. & Pitts. Cinn. & St.L.)
1st 7s. 1897.
International & Great Northern
(Mo. Kan. & Tex.)
Gold 1st 6s, 1919.
•Grand Rapids & Indiana
(Guar. Pitts. Ft. Wayne & Chicago)
Gold 1st 7s, 1899Kansas City, St. Jo. & Council Bluffs
(Chicago Burlington & Quincy)
1st 7s, 1907.
Cedar Rapids & Mo. River
(Chicago & Northwestern)
1st 7s, 1916.
Escanaba & Lake Superior Railway
(Chicago & Northwestern)
1st 6s, 1901.
Chicago Milwaukee & St. Paul
(Dubuque Div.)
1st 6s, 1920,
CHARLES T.
NO. 18 W A L L
W IN G ,
ST.
THE COMMITTEE FOR THE REORGANIZA
TION OF THE
Buffalo N.Y. & Philadelphia
Railroad Co.
Hereby gives notice that, decrees of foreclosure
and sale having now been obtained and a date for
the sale appointed, those holders of securities of
the BUFFALO NEW YORK & PHILADELPHIA
RAILROAD COMPANY who have not joined the
plan of reorganization of February 15, 1886, and
deposited their securities thereunder, may do so
upon payment o f the respective penalties until the
15TH DAY OF JULY, 1887, after which date no
securities will be admitted except in the discretion
o f the Committee and upon such terms as it may
deem fit to Impose.
A. MARCUS, Secretary.
New Y ork , June 15,1887.
Shenandoah V al.R R .C o.
Holders of Central Trust Company receipts can
obtain copies o f offer of settlement made to this
committee, on application to the Central Trust Com
pany,‘New York, or to the undersigned :
GEORGE C. WOOD,
of Wood, Huestis & Go., 31 Pine St>, New York;
CHARLES L. LAMBERTON,
16 Exchange Place, New York;
JOSEPH LEEDOM, 907 Walnut St., Philadelphia;
FRANK C. HOLLINS,
of F. C. Hollins & Co., 11 Wall St., New York;
WM. A. READ,
of Vermilye & Co„ 16 and 18 Nassau St., N.Y.,
Committee of
First Mortgage Bondholders.
O M A H A D IV IS IO N
St. Louis Kansas City &
Northern Railway Co.
The outstanding trust certificates, issued b y
the United States Trust Company of New York,
fo r deposited St. Louis Kansas City & Northern
Railw ay Company,Omaha Division, Bonds, will
be received by the Trust Company on and after
DELAWARE & HUDSON CANAL CO.
Debenture (now 1st Mort.) 7s, 1894
QUINCY ALTON & ST. LOUIS'
(Chic. Bur. & Quincy) 1st Mort. 5s, 1896.
NEW YORK CENTRAL & H. R. RR.
Debenture 5s, 1904.
NEW JERSEY JUNCTION
(New York Central) 1st Mort. 4s, 1986.
OSWEGO & SYRACUSE
(Del. Lack. & West.) Const. 5s, 1923.
MORRIS & ESSEX
(Del. Lack. & Western) 1st Mort. 7s, 1914.
MORRIS & ESSEX
(Del. Lack. & West.) 7s of ’71,1901.
MORRIS & ESSEX
(Del. Lack. & West.) Consol. 7s, 1915.
JAMES RIVER VALLEY
(No-them Pacific) 1st Mort. Gold 6s, 1930.
ST. PAUL & NORTHERN PACIFIC
1st & General Mortgage Gold 6s. 1923.
CHICAGO MILWAUKEE & ST. PAUL
Dubuque Division 1st Mortgage 6s, 1921.
NORTHERN ILLINOIS
(Chicago & Northwest.) 1st Mort. 5s, 1910
In S tock an d fo r S a le by
REED
&
FLAGG,
D u n c a n B u ild in g , 11 F in e Street)
NEW TO R E.
The Investors’ Agency,
2 4 0 L a S alle S t., C h ic a g o , 111.)
(M. L.
SCUDDER, Jr., P roprietor,)
ANSWERS INQUIRIES CONCERNING
A m e rican Stocks a n d Securities.
Large Llbrary of Railroad Documents.
Competent Experts.
Confldential Reports, ■
Moderate Charges.
Fifth Avenue Hotel,
M a d is o n S q u a r e , N E W Y O R K .
The Largest, Best Appointed and Most Liberally
Managed Hotel in the City, with the Most Central
and Delightful Location.
HITCHCOCK. DARLING & CO.
Massasoit
House,
S P R IN C F IE L D , M ASS.
THE BEST APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
W . H . C H A P IN .
Bible Hotel,
AM STERD AM , HOLLAND.
Beautifully situated in the centre of the city, d ote
to the Railway Station and the Exchange. First
rate cooking. Excellent wines. Moderate prices.
W. P. WERKER, Manager.
John G. M oore.
W.
k
. K itchen .
G. B. Schley
June 24, 1887, for exchange into the new
Moore & Schley,
securities o f the Omaha & St. Louis R ailway
BANKERS AND BROKERS/
26 B R O A D S T R E E T , N E W Y O R K .
Company, in accordance with the plan o f reor
Branch
ganization heretofore announced.
JOHN H. BEACH,
A F F 1 C E OF T H E CEN TR AL R A IL V / ROAD CO. OF NEW JERSEY, 119 LIBERTY ST.
New Y o r k , June 8d, 1887.
Notice is hereby given that the books of transfer
o f the capital stock of this company will be closed
from Wednesday the fifteenth to Saturday the 25th
inst„ inclusive.
Stockholders of record on the closing o f the books
will he entitled to subscribe to the extent o f 10 per
cent of the par value of their shares, at the pnee of
par and accrued interest, to the new general mort
gage bonds of the company.
Payments will be due iu equal Instalments July
1st and August 1st, next, but may be made In full
prior thereto. The right tolsubscribe expires June
25th inst. and may he assigned on the forms prepared
therefor.
Copies of the circular o f the Reorganization Com
mittee and (blanks for subscription and transfer of
rights may he had upon application at this office.
By order o f the Board o f Directors.
J. W. WATSON, Treasurer.
BONDS.
100,000
THIRTY-YEAR 5 PER CENT
Chairman Bondholders’ Committee.
Dated N e w Y o r k , June 18, 1887.
July Investments.
$100,000 Toledo, Ohio, Refunding 4s.
$118,000 Elgin, 111., Water 5s.
$250,000 Erie, Pa., Refunding 4s.
$268,000 Douglass Co., Neb., Refund
ing 5s.
$50,000 Travis Co.,'Texas, 6s,
$20,000 Corsicana, Texas, 6s.
Lists and Prices on application.
OFFERED BY
CHICAGO.
NEW YORK.
om uces:
72 Wall St., N. Y.
114 So, Third St., Phila.
Connected with
I. A. EVANS & Co., Boston,
Corson & m a c a r t n e y , Washington, D.C.
E. L. Br ew ster & Co,, Chicago.
HUBBARD & F a r m e r , Hartford.
Private Wire Connections.
Buy and sell Stocks, Bonds and Miscellaneous
Securities on New York Exchanges; also Grain and
Provisions on Chicago Board of Trade,
Spencer Trask & Co.,
B A N K E R S & BROKERS,
16 and x8 Broad Street, N. V
Albany, N.Y.
Providence, R I.
Saratoga.
Transact a General B anking Business
Direct Private Wires to each office and to
PHILADELPHIA,
BOSTON,
NEW YORK OFFICE, UNITED BANK BUILDING,
Corner Br o a d w a y and W a ll St .
WORCESTER
S. A .
KEAN
&
CO .
'í í t a
HUNT'S
MERCHANTS’
^
W fffclt}
R E P R E S E N T IN G T H E IN D U S T R IA L A N D
VOL. 44.
n
r i a
í
MAGAZINE,
¡JfW jS ppiri!,
C O M M E RC IAL IN T E R E S T S OP T H E U N IT E D S T A T E S*
SATURDAY, JUNE 25, 1887.
C O N T E N T S .
THE CHRONICLE.
Clearing House Returns...........7 0 1 1 Queen V ictoria’s Jubilee......... 798
The Financial Situation............ 792 I Railroad Earniugs.................... 798
H ow to Use the S u r p lu s ......... 794 |Monetary and Commercial
“ A ssisted” E m igration.......... 795 J English News.......................... 799
New Y o ik Grein Receipts and
j Commercial and Miscellaneous
Trunk Line Earnings............ 796 | N ews.......................................... 801
lltc ©hrunicle.
Terms o f Subscription—Payable in Advance :
For One Y ear (including p osta ge)...................... ................. $10 20
F or Six Months
do.
........................
6 10
European Subscription (including postage)................. n 28
. Annual subscription in London (including postage)......... £ 2 7s.
Six Mos.
do
do
do
......... £1 8s.
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible fo r remittances unless made by drafts
or Post Office Money Orders.
These prices include the I n v e st o r s ’ S u p p l e m e n t , o f 120 p ages
issued once in tw o months, and furnished without extra charge to
subscribers o f the C h r o n ic l e .
A file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes hound for subscribers at $1 00.
L on d on A g e n ts:
Messrs E d w ards & Sm ith , 1 Drapers’ Gardens, E. C., who w ill take
subscriptions and advertisements and supply single copies o f the paper
at Is. each.
C W I L L I i n B . D A V A & C o ., P u b lis h e r s ,
W IL LIA M B. DANA
<
1 0 2 W i l l i a m Street, N E tV Y O l t K ,
JOHN O. FLO YD.
f
P o st o f f ic e B o x 958.
NO. 1,148.
exchanges arising through other business $491,740,979 and
$349,619,530 respectively in the two years, or an increase o f
40’6 per cent.
Week Ending June 18.
1887.
$
674,210,97(
1886.
Week End'g June 11.
P. Cent
1887.
P. Cent.
$
626,964,530
+7-5
(1.691.544
(2 <8.*00
(39,671,000
(48,871,000)
(--21-9
(4- L09-3
(4-155-8
(--07-3
86.739.44S
5,0t >7.70<
1,511,055
1,233,557
872.932
861,194
8x1,445
530,163
78,220,223
4,351.10(
1,469,881
l.i >71.555
859.544
850,912
855,30;
557,549
4-10-9
4-15*1
4-2-8
4-15-3
4-1 *f
+1-2
+4"2
—4-9
Total New England...
97,649,792
Pittsburg.......................
Baltimore......................
88,236,067
57,0,031
7,483,650
11,118,695
4-10-7
•4-9.7-ft
-t-22’8
4-13-8
100,855,621
50,876,449
9,82a b 9
13,437,772
+20-1
72 984,923
9,165.175
12,649,764
94,799,862
75,772,276
4-25-1
82,942,410
+210
69,495,415
11,853,341
4,697,800
8,834,22«
2,401,225
8,188.991
2,100,000
1.023,547
3,2*8,919
4.223,509
2.461.872
4,736,823
578.077
894,299
3,073,028
372,425
62.879,288
10,210.800
8,832.780
2,932,«-6
1,475.408
2.530,635
1,805,917
601,243
1,871,328
2,689,482
1,771,845
8,090.00(1
487,233
528,029
431-4
-16-1
-22-6
-30-62-7
-26-0
-16-3
-70-2
-75-8
-57-0
- -HH-9
-53-8
-18-6
-69-4
62,291,554
12,925,450
4,341,892
4,00«,367
2,357,893
3.470,416
2,053,194
1,045,972
3,302,8' 0
4.041,520
2.653,204
4,085,242
562,270
90.1,772
2,676,487
401,928
H«-7
-.36-4
- -27-«
-33*0
-97-9
-40*8
-20-0
-29-2
-69-7
-34-3
-50-4
-50-4
-24-6
- -27-3
Sales of—
(Stocks............. shares.
(1.322.076
(Cotton............. hales.
(409,900
(4rain.......... bushels., (101,476,000
(.Petroleum.......... bbls., (20,«80,000
Boston...........................
Hartford...................... .
New Haven...................
Portland........................
W orcester.....................
Springfield...................
Lowell...........................
Total Middle...............
Chicago.........................
Cincinnati.....................
Milwaukee...................
Indianapolis..................
Cleveland......................
Columbus....................
Peoria............................
Omaha...........................
Minneapolis..................
Denver..........................
St. Paul.........................
Grand Rapids................
Wichita. ......................
t
633,130,460
(1,258.104 ! (—
-19-6)
(700.500) (4-241-9)
(30,000,000) (--34-3)
(12,828,000)
-67*8)
89.537.841
4.77S.50fV
1,695,423
1,290,4a*
981,488
982,521
979,15c
644,200
+21-9
4-7-5
+7-0
-f-4-4
H15-6
K14-8
(-11*0
-35-2
I-14-S-
C L E A R IN G H O U S E R E T U R N S .
For the week ending June 18 the bank clearings record a
further improvement, the gain over the preceding week reach
ing in the aggregate $54,497,207. This better showing is,
moreover, not due to any increase in stock speculation ; for Total Western........... 114,778,046 86,708,824 4-32-4 108,130,096 +25-5
18,673,413 +34*7
17.476.824
14.192.328 4-23-1
Louis.......................
although the number of shares dealt in at the New York St.
1,638,036 +710
1.663,199
St. Joseph.....................
1.029,878 4-61-5
6.034,168
Orleans..................
6.320,649
5,624,696 +12-4
+1-5
Stock Exchange is greater than during last week the actual New
5,017,869 +18-6
1ouisville ...................
5,521,748
4,217,902 4 80-9
-3->"4
8.913,602
6.239,041
Kansas City...................
8.634,017
4-44-5
H
value covered is nearly seven millions of dollars less. Friday, Memphis..,
1.449,392 4-32-4
.................
1,260,493
1,045,146 H-20-6
4-6-8
865,088 4-I6-4
1,058,620
1,131,027
June 17, was observed as a holiday at Boston; the exchanges Galveston......................
Norfolk.........................
4-0-3
537,173
12-0
556,927
555,215
for the five days, however, are almost as heavy as for the
42,564,884 33,962,826 4-25-8 43,728,789 4-24-1
Total Southern..........
preceding six days, and this in the face of much lighter stock
16,656,769 12,963,277 4 23-5. 17,375,799 445-8
San Francisco...............
and bond transactions. The break in wheat led to enormous
Total all................. . 1,040,660,332 924,607,800 4-12-5 988,163.125 4-12-3
sales on the New*York Produce Exchange during the week,
Outside New York...... “ 866.449,353 297,643,270 4-23-1 353.082,665
the aggregate dealings in grain being in excess of one
Nut included In totals.
hundred million bushels. Our statement of clearings has
Our usual five-day telegraphic returns of exchanges have
been further extended this week by the inclusion of Topeka, been received and are given below. The total for the seven
Kansas, from which point returns will hereafter be regu cities exhibits a decline from the corresponding five days o f
larly received.
last week, and in comparison with the similar period of last
The comparison with the week of 1886 is a very satisfac year there is a loss of 3*1 per cent, due entirely to the falling off
tory one, Lowell being the only one of the thrty-five cities at New York. On the basis of tbese telegraphic returns the
reporting the results for both years at which any loss is ex estimate for the full week ended June 25 would seem to point
hibited. Furthermore large percentages of gain are recorded to a gain, compared with 1886, of about 4*1 per cent.
at some points, notably Omaha, 75*8 per cent; Peoria, 70*2;
Week End’g June 18.
Week'Ending June 25.
Wichita, 69 *4; Indianapolis, 62 *7; and St. Joseph, 61’5 per Returns by Telegraph.
cent. Carrying the comparison back to earlier years we find
1887.
P. Cent.
1886.
P. Cent.
1887.
that there is a small increase contrasted with 1883, and quite
$
$
$
+8-0
New Y ork ..................... 482,042,638 538,127,585 —10*4 563,541,022
important gains over either 1884 or 1885.
Sales of Stock (shares) .. .. (1,139,156; (1,557,216) (—26*8) (1,182.457) (-8*1)
According to Messrs. R. G. Dun & Co.’s report the number Boston........................... 73,386,581 66,968,363 +9-6 64,279.550 +3-0
of failures for the week reached 213 (193 in the United States Philadelphia.................. 54,076,748 45,873,545 +17-9 01,362.241 +27*8
10,850,205 +15-7
8,446,850 +27-9
10,801,543
Baltimore......................
and 20 in Canada) against 173 last week. It is remarked that Chicago......
57,634,332 +29*8
39,175,000 +31-6
51,550,695
’...................
+23-9
14,720,650
the increase noted arises, of course, mainly through the wheat St. L o u is ..................... 14,983,483 11,541,400 +29 8
5.424,306 +13*&
4,304,412 +22-3
5,265,275
excitement in Chicago and the West. In other sections of New Orleans..................
-3*1 777.825.016 +10*7
Total, 5 days............ 692,106,963 714,437,155
the country business troubles appear to be lighter than usual.
Estimated 1 day......... 168,103,300 136,830,571 +22-9 159,104,321 +10-8
New York Stock Exchange share operations for the week
+10*7
860,210,263 851,267,726
+1*1 936,929,343
Total full week......
embrace a market value of $72,988,000 against $110,938,000 Balance Country*.........
+28*8
69,954,862 +40-9 102,146,263
98,545,512
for the similar period of last year. Deducting two-and-a-half
1 n'-t 1075. “(VI -H3-.8
Total week, all......... 958.055 775 021 222.5!rq
times those values from the totals at New York, leaves as the
' i w vno iu u wee*, uwbuu on insu weea/g routing.
THE CHRONICLE.
792
T H E I 1 N A N C I A L S IT U A T IO N .
There has been a more active and unsettled condition
o f the money market this week. This has been due in
part to manipulation, but mainly to the disturbances at
Chicago and Cincinnati which have follow ed the collapse
o f the wheat corner and the failure of the Fidelity National
Bank at the latter city. On call, as represented by bankers’
balances, the range has been 45 and 4^ per cent, but very
little was loaned above 10 or below 5 per cent,
and a fair average would be about
7 per cent.
Those o f the banks having money to put out on
call have readily obtained 6 per cent on prime
security. F or time money, for four to six months, on
first-class collateral, 5| @ 6 per cent is freely paid, and
there are no quotations for loans on m ixed collateral for
the reason that lenders are able to place funds at good
rates on prime security and they prefer to have what is
readily available. F or commercial paper the inquiry is
very light. Banks are now preparing for the Jilly settle
ments, and they have no money to invest except in very
choice names running into October and November, o f which
there is a scarcity. Rates are about o f 1 per cent higher
all through the list— 60 to 90 day endorsed bills receiv-.
able being quoted at 5| @ 6 per cent, four months commis
sion house names 5^ @ 6 per cent, and good single names
having from four to six months to run 6 @ 7 per cent.
The cable reports the London money market very sen
sitive to the downward tendency for sterling in New
Y ork , and that discounts of 60 days to three months’ bank
[V ol. XLTV.
on when our new crops begin to move ; but at present, as
a matter of trade, it must be borne in mind that the
balance against us is heavy. Mr. Switzler, o f the Bureau
of Statistics, has this week issued the foreign trade figures
for May, and they are precisely what we indicated they
would be last week. The statement since the first of
January this and last year is as follows.
FOREIGN TRADE MOVEMENT OF THE UNITED STATES—(000s Omitted.)
7886.
Jan......
F eb ......
March..
April...
May....
Excess im
Exports. Imports. of Ex ports.
ports.
f
57,988
51.905
53.693
54.017
54.101
*
47,415
56.687
60,038
57,366
52,872
2
10,573
*4,782
*6,345
*3,349
1,229
Si l v e r .
Go l d .
M e r c h a n d is e .
Tear.
E x
Im Excess
Ex Excess
of
ports. ports. of Ex
ports.
ports.
Imports.
t
$
1,70« 2,582
986 5,654
840 9.921
351 4,812
249 7.395
t
+876
+4,668
+9,081
+ 1,46
+7,146
$
2,907
2,001
2,345
1,824
2,068
T ota l.. 271,704 274,378 *2,674 4,132 30,364 426,282^11,146
1887.
629 2,907 1,915
J a n ...... 71,534 51,951 19,583 3,536
144 1,677 +1,533 2,351
Feb....... 54,777 59,156 *4,879
+1,867 1,654
2,445
678
65,317
2,377
62,940
March..
829 1,494 +1 105 2,647
April... 47,602 63.581 •15979
607 1,925
904
297
May.... 43,629 58.662 *15031
T o ta l.. 282,859 296,290 •13431 5,491 6.542 1 +1,051 10,492
* Excess o f imports.
t
$
1,023 1,884
854
1,147
585
1,760
696
1,128
812
1.256
6,314
4,831
721
1,194
1 ,3 « 1,019
436
1,218
1,417 1,230
541
1,384
6,545
3.947
t Excess o f exports.
The above shows an adverse merchandise balance of 15
millions in May, against about 16 millions in April, which
with an allowance o f 10 millions a month for undervalua
tions, freights, interest, &c., would make our indebtedness
for the two months, as we stated a week ago, about 50
million dollars.
In other words (leaving out o f the
account the adverse trade o f February and March) the
total stated represents what we owed Europe on the first
bills have on that account advanced to
Per cen^- day of June for our two months’ purchases, except so far
This probably is only a partial explanation o f the advance as it was liquidated by a sale of securities. Tue June
at London, for the open market rate at Berlin and Paris figures will show much better, and in July future bills f o r
has also risen and the quotations now at the form er city cotton will be on the market. So that the prospect is good
are 2 £ @ 2 £ per cent and at the latter 2 f per cent. These for gold imports if we need them later on in the season.
The Chicago wheat corner promises to leave so big and
figures at the chief Continental centres are so far above
black
a mark in its wake, as to bring that sort of comm er
the minimum rate o f the Bank o f England, that undoubt
cial
procedure
into less favor hereafter. It thus looks as if it
edly they have led to the belief at London in an early
might
after
all
prove, though a different yet a greater
advance by the Bank to protect its reserve against a Con
tinental drain as well as a possible drain to Am erica. A blessing than its promoters intended. Legislators in par
special cable to us states that even this week a small ship ticular ought to take the lesson to heart, those who are
ment o f bullion (£50,000) has been made to Germany, always trying to get a legal cure for commercial irregu
the week’s loss by the Bank o f England which is reported larities. No human device could be imagined that would
at £400,000, being made up of thatlamount exported to recoil anywhere near so accurately upon the originators
Germany and a shipment to the interior o f Great Britain and participators in a bad scheme. Nature’s cure, though
o f £364,000 and an import from miscellaneous sources o f sometimes slow, is always thorough and discriminating.
£14,000. W e notice also the Bank o f France shows a In this case the principals, the go-betweens, the hang
gain this week of £247,000 gold and the Bank of G er ers-on, and the banks all appear to have got between
the upper and the nether millstone, and to have
many a gain of gold and silver of £533,000.
Our foreign exchange market has been unsettled and reaped their due share o f experience. Previous C hi
low er under the influence of dearer money here, and the cago wheat deals have been much less widely dis
free offering of bills drawn against shipments of grain» astrous; not one since 1880 has proved successful;
cotton and securities. On W ednesday the market was but this has been pre-eminently and thoroughly im
somewhat demoralized, the supply o f bills being abundant partial in its results. It is also very satisfactory to know
and the demand insignificant. W ith however the higher that the collapse came so early in the season before it had
rates for money reported at London on the follow ing day done the harm to the country, previous similar corners
the tone became somewhat irregular and the rates a little have proved. Our W estern speculators in 1881 and in
harder. Yesterday long was quoted at 4 84 and short at 1882 and 1883, as we have so many times stated, did more
4 85£, which shows that there is still a considerable mar. than all other instrumentalities at that period to encourage,
gin left to be overcome before gold can be ordered out by making profitable, wheat-planting in India. They put
from London at a profit. It is suggested that possibly up the price in the markets o f the world and hung on to
notwithstanding that fact some parties may be willing to as our surplus just long enough to enable India to dispose of
sume a loss in the hope of a benefit through a favorable effect her production at a good round figure. A fter accom
which gold imports might have on the stock market. That plishing that they dumped the whole visible stock on a
seems hardly probable, for it is not by any means certain market just then glutted with the India shipments and
that shipments o f gold from London would not just now our new crop arrivals, thus forcing values for the American
(with the Continental money markets so high) put up the farmer several cents, one year ten cents, below his India
Bank o f England rate materially until it led to the return rival; and this advantage and encouragement which Great
o f stocks to New Y ork. These could be absorbed later Britain’s largest dependency obtained, our London con-
J une 25, 1887. J
THE CHRONICLE.
793
temporaries have delighted to call the result of the “ silver Ohio; it is a wholesome lesson in banking the public will say.
A s to the depositors the question is a little different; to be
stimulus.”
That thought reminds us that we last week received the sure they too took the risks in return for the promises,
official annual trade figures from the India Government. but to many of them it will be a hard and severe expe
Their fiscal year ends with the first o f April, and hence rience. Their first inclination will be to blame the Govin this report the exports o f wheat from all India for the ernment .^Examiner. W e have often shown how little
twelve months are given. By adding similar figures for dependence one is authorized to place in that feature o f
previous years, a good measure is afforded of what this the national banking law. Congress we admit has under
« silver stimulus,” together with railroad development, new taken to protect, but it cannot protect, and the sooner
irrigating works, recent wagon-road building, American depositors understand that they must use their own eyes
corners, etc., have done for wheat in that country. A s a pre and ears and judgment if they would purchase security
liminary, it should be remembered that India, on the one the better it will be for th?m. "Directors too will be
item of its current indebtedness to Great Britain due in blamed, and perhaps they ought to b e ; the facts when
gold, is losing 30 millions of dollars every year by silver de they are fully known, alone can determine, yet on e who
preciation, and fur therm ore that London authorities claim has had much to do with any great enterprise is aware
she receives a compensation for this and other losses by the how impossible it would be to carry it on, except by com
stimulant to crop production which this decline in silver mitting its affairs almost wholly into the hands of its
In theory the directors
affords. It is well worth trying that theory once a year officers or executive committee.
direct—
in
practice
they
cannot.
Periodical examina
b y results, for one o f these days London and all the
tions,
a
kind
of
general
supervision,
is
alone possible; what
world will admit that no one on earth is being benefited
these
fail
to
disclose
is
no
more
a
sealed book to the
but every one harmed, and most of all India, by the
present attempt to force silver out of circulation. Below depositor than to the director. Ia business affairs men
are the figures referred to, showing India’s wheat exports have to trust men; they cannot deal with one another
always suspecting their honesty.
There may be, how
in 1881-82 and for the last four years.
ever, criminal neglect. The Supreme Court of Illinois
WHEAT EXPORTS FROM INDIA, FISCAL YEAR ENDING APRIL 1.
in the case o f the Banker Hill Bank of Macoupin County
1881-82.
1883-84.
1884-85.
1883-86.
1886-97.
Quantity..............cwts. 22,268,348 21,060,519 15,830,754 20,936,495 19,863,520 has very recently given its views as to the degree of care
Quantity..........bushels 41,538,249 39,312,969 29,550,741 89,118,790 37,078,571 and diligence required from a director.
A t least on the
Value. ..............rupees 8,62,58,758 8,00,23,504 6,30,91,402 8,87,75,610 8,60,40,000
facts
as
in
that
case
presented
they
held
the directors
N o te .—Cwts. 112 lbs. Bushels, 60 lbs.
liable;
but
those
facts
showed
gross
neglect.
In connection with the above, recall the fact that in
There is no change to note in the character o f the
1878-79 there were only 8,213 miles of railroad; that since
reports
o f railroad earnings. They continue almost uni
that date the authorities have been active in building new
form
ly
good.
Our figures on another page show that for
links to their railroad system which would open up new
the
second
week
o f June 59 roads have an average gain of
wheat producing country, and at the end o f 1884—5 India
had 12,004 miles of road, or an increase of 50 per cen t; about 17 percent, while the preliminary statement of 12
furthermore that during the same interval and for the roads fo r the third week of the month shows an increase
same purpose wagon roads and other internal improve o f 12-J- per cent. But the best indication of the course of
ments were carried forward. W ith these facts in mind earnings is afforded by the exhibit of the Pennsylvania for
the above figures of wheat exports become intelligible. May issued this week. The Pennsylvania of course is a
W a y back in 1881-2 the exports, it will be seen, were 37 representative system, comprising as it does all kinds and
million bushels; for the two years 1883 4 and 1885 6 classes o f traffic. This being so, a gain by this road
$700,000
($686,460)
for
the
month,
they averaged about 39 million bushels, and in 1886—7 o f nearly
they reached 41^- million bushels. That is to say, with 50 on the Eastern lines alone, is significant of the industrial
per cent increase in railroad facilities and probably 100 development that has taken place. Heretofore, however^
per cent extension in wagon roads we have between 1881— the gains in gross on the Pennsylvania have not been
82 and 1886-87 (the latter being about as favorable for followed by proportionately heavy gains in net. It is
wheat as the average weather ever can be) an increase of therefore especially satisfactory to find that this time the
about 12 per cent in wheat exports. W h ere can any improvement is even more marked in the net than in the
room be found between those figures for this much talked gross, reaching $368,890, or about 25 per cent— the ratio
o f “ silver stimulus” to come in as an inducement to crop of gain in the gross being 16^-per cent. On the W est
ern lines, the deficiency in meeting liabilities for the month
extension.
The failure of the Fidelity Bank of Cincinnati seems has been reduced from $222,917 to $158,032, an im prove
not to have been the result wholly o f the collapse in the ment o f $64,885, and making the total improvement in
wheat combination. That was the immediate cause, but net results on the system entire $433,775— this in a single
back of that were banking methods so unsound that the month. I f we compare with the same month of 1885, the
other financial institutions in that city had for a long time increase on the Eastern lines reaches $974,571 in gross
looked upon it with more or less of suspicion. Paying a and $486,297 in net, while the W estern lines show a
smaller
deficiency,
so that the
total
high price for deposits and charging depositors nothing for $116,151
improvement
in
this
month
in
the
two
years
amounts
to
services rendered, show that the profits expected could not
$602,448.
O
f
course
in
1885
results
were
at
their
lowest,
have been looked for out o f legitimate business. The
simple discounting o f paper at five or six per cent cannot but a good idea of the extent of the progress that has since
cover such charges and pay the ordinary expenses and been made will be obtained when we say that while on the
dividends, and hence the needs o f the institution naturally W estern system the result is far from being as good as in
— we had almost said legitimately— suggest a corner in the best o f previous years (the W estern lines not having
wheat, or some other questionable method as the proper done particularly well in the later years), on the Eastern
course for a “ smart” m anagement; when that hope grew system both gross and net are decidedly the largest ever
desperate, more desperate measures with equal appropriate made in this month. Here is a statement giving the
ness followed. Under these circumstances no one can lament results for a series o f years back, both fo r May and the five
greatly over the miserable failure o f the largest bank in
months.
THE CHRONICLE
791
L ines East o r
PlTTSBUBO.
1887.
1886.
1885.
1884.
1883.
1882.
May.
$
$
$
$
$
$
Gross earnings...... 4.865.040 4.178,580 3,890,469 4.267.173 4,803.006 4,103,877
Operat’g expenses. 8,023,448 2,705,878 2,535,174 2,627,679 2,624,332 2,342,088
Net earnings... 1.841.502 1,472.702 1,355,295 1.639,494 1,608.674 1,766.789
—9,058 —75,586
Western lines....... —158,032 —222,917 —274,183 —143,657
[V ol. X L IY .
by us shows the week’s receipts and shipments o f currency
and gold by the New Y o rk banks.
Week ending June 24, 1887.
$1,096,000
Result............. 1,6:3,560 1,249,785 1,081,112 1,405,837 1,599,616 1,691,203
Gold......................... .......................
Jan. 1 to May 81.
Gross earnings...... 21,458,866 18.914.C63 17,583,955 19,427.075 20.195,708 18 557,091
Operat’g expenses. 14.235,942 1^.595,572 11,973,540 12,397,859 12,856,024 11,901,302
Net earnings... 7.222.924 6.318.491 5,610,415 7,029,216 7,339,684 0,655.789
Western lines....... +465.568 —352,796 -652,278 —452.948 +391,964 —33.315
Total gold and legal tenders......
Result.............. 7.688.402 5.965.695 4,958.142 6,576.268 7,731,648 6,587.474
Thus the gross earnings o f the Eastern lines for the
five months are $2,544,803 greater than in 1886, and
$3,874,911 greater than in 1885, and the net $904,433
and $1,612,509 respectively greater. The W estern sys
tem, as against a deficiency of $652,273 in 1885 and
$352,796 in 1886, this year shows a surplus o f $465,568Thus on the combined lines there is an improvement in
net results of $1,722,797 as compared with 1886, and of
<¡¡¡2,730,350 as compared with 1885.
The stock market this week has been weak and lower 9
and at times panicky. The failure o f the Fidelity Bank
in .Cincinnati, with unfounded rumors that this would
precipitate other bank disasters, and high interest rates
for money caused by heavy shipments from New Y o r k to
the W est, have been the basis o f the downward m ove
ment. In addition, operators for a decline have been very
active in their endeavors to break prices. False reports of
every shade and character were circulated, and in the unsat.
tlement produced by the troubles in the W est naturally
gained
more or less credence. A s
the
possible
adverse
effects here from
the W estern
difficul
ties have
been
so
greatly
exaggerated,
it is
well to bear in mind that the New Y o rk banks
have for a long time been following a very conservative
course. Indeed, that doubtless furnishes the real reason
why stocks did not advance m uch in the face of the very
favorable conditions prevailing. The result of this policy
is that the banks to-day find themselves in a very sound
condition as to the character of their loans, while values
on the Stock Exchange have as a rule not been unduly
inflated. There are some cliqued specialties o f course that
have been pushed up beyond their merit— and these by
the way have been weakest this week— but stocks o f this
class there is reason to believe still remain largely in the
hands o f the original holders, the outside public having
refused to swallow the bait so temptingly thrown in
their path. It is to be remembered too that the condi
tions bearing on the intrinsic worth o f railroad
properties, are just now unusally encouraging. Business
is active, railroad earnings large and increasing, and crop
prospects splendid.
Of course owing to the special
demand for funds from the W est, the money question
has become even more a disturbing element than it was
before, but the present shipments, being the result o f an
exceptional cause, are transient and temporary, while
next week large disbursements by the United States
Government will be made. It is a significant feature that
while under the general unsettlement o f values that has
occurred, everything has gone lower, the better class of
properties have held up best. Reading also was strong
early in the week, influenced by the large net earnings
and a settlement with the Schuylkill Navigation people.
-The result o f the contest in the St. Paul & Duluth has
been that the common stockholders have gained the
upper hand, and that a dividend of 3 per cent in cash and
15 per cent in stock ' ’ ' *ter to represent past earnings)
has been declared.
The follow ing f ':
- up from returns collected
Net Interior
Movement.
Received by Shipped by
N. Y. Banks. N. Y. Banks.
$3,732,000
495.000
Loss.. $2,636,000
Loss.. $495,000
$1,096,000 1 $4,227,000 1Loss.. $3,131,000
The above shows the actual changes in the bank hold
ings o f gold and currency caused by this movement to and
from the interior. In addition to that movement the banks
have gained $400,000 through the operations of the SabTreasury.
A dd ing this item to the above, we have
the following, which should indicate the total loss to
the New Y o rk Clearing House banks of gold and cur
rency for the week covered by the bank statement to be
issued to day.
Into Banks. Out of Banks. Net Change in
Bank Holdings.
Week ending -June 24,1887.
Banks’ Interior Movement, as above
Sub-Treasury operations. .............
Total gold and legal tenders ...
$1,096,000
6,100,000
$4,227,000
5,700,Oik)
Loss.. $3,131,000
Gain.. 400,000
$7,198,000
$9,927,003
Loss.. $2,731,000
The Bank of England lost £400,000 Oullion during the
week. This represents, as sa il above, £364,000 S9nt to
the interior and £36,000 net shipped abroad. The Bank o f
France gained 6,175,000 francs gold and 7,125,000 francs
silver, and the Bank o f Germany, since the last report,
has increased 10,660,000 marks. The following shows
the amount o f bullion in the principal Earopean banks
this week and at the corresponding date last year.
June 23,1887.
Banks of
Silver.
Gold.
England........
France..........
Germany* ....
Aust.-Hung’y
Netherlands..
Nat. Belgium*
National Italy
£
£
23,732,045
48,401,181 47,872,202
21,839,180 19,366,820
6.640.000 14,160,000
5.087.000 8.804.000
2.565.000 1.282.000
7.001.000 1,118,000
June 24,1886.
Total.
Gold.
Silver.
Total.
£
£
£
£
23,732.045 21,087,672
21,087,672
95,778,383 55,385,357 15,154,053 100,539,410
41,206,0C0 20,177,520 16,006,480 36.184.000
6,381,00b 13,349,000 19.780.000
20.890.000
13.391.000
6,081,000 8.174.000 14.255.000
8.847.000
2.804.000 1.402.000 4.206.000
8.119.000
7.228.000 1.280.000 8.514.000
Tot. this week 115,265,406 91,603,022 208,86b,428 119,144,549 65,371,533 204,516,082
Tot. prev.w’k. 115,198,893 91,001,998 206,200,891 1118,230,066 85,069,186 203,299,252
*The division (between gold and silver) given in our table of coin and
bullion in tbe Bank of Germany a id the B ink o f Belgium is made from
the best estimate w e are able to obtain; in neither case is it claimed to be
accurate, as those banks make no distinction in their weekly report,
merely reporting the total gold and silver; but we believe the division
we make is a close approximation.
N o te .—We receive the above results w eekly b y cable, and while
not all o f the date given at the head of the colum n, they are the
returns issued nearest to that date—that is, the latest reported figures.
The Assay Office paid $233,817 through the Sab-Treas
ury for domestic bullion during the week and the Assistant
Treasurer received the following from the Custom House.
Consisting o f—
Date.
Duties.
Gold.
Tunel7.
“ 18.
“ 20.
« 21.
“ 22.
“ 23
Total.
67
32
22
08
98
28
$1,500
5,000
3,000
5,000
6,000
5,500
$2,681,483 55
$26,000
$378,948
297,541
534,885
770,448
305,600
391,059
U. S.
Notes.
$54,000
42,000
72,000
83,OOu
47,000
37,000
Gold
Certific's.
Silver Cer
tificates.
$371,000
198,000
391,000
611,000
21 ¿,000
308,000
$50,000
52,000
63,000
70,000
40,000
42,000
$335,000 $1,991,000
$322,000
Included in the above payments were $9,000 in silver
com, chiefly standard dollars.
H O W TO U SE T H E S U R P L US.
W e referred last week to the effect on commerce, judged
in the light of present Treasury methods, of the changes
taking place Jin our currency and o f the accumulations o f
surplus revenue now in progress. Our chief purpose was
to expose incorrect conclusions as to past results because o f
the influence o f such conclusions on the popular j udgment
respecting coming events; and incidentally we referred to
approaching months, they being the immediate source o f
anxiety to the public. There are many who would look
further into the future than we attempted to do. They
JUNE 25, 1887.]
THE CHRONICLE.
see this same revenue continued during the next fiscal year
and no assured outlet for the twelve months’ surplus— then
they ask how can the Government meet all this embarrass
ment so as to save commerce from any shock. A s the
Treasury accumulation under existing arrangements is
likely to reach in the next twelve months 125 million dol
lars at least, and as the Government will also begin the year
with considerable surplus, the disposition of this large sum
when thus lumped becomes a formidable problem.
A n d yet is this not just the case where short views cover
the only wise course ? W e have been led to the subject
b y a circular issued b y Messrs. Harvey Fisk & Sons ad
vising and showing the profit to the Government if it
uses its surplus in buying its bonds in the open market.
L ooking at the question from that point of view alone and
assuming that in the process o f buying b y the Treasury
the price will not appreciate more than 3 per cent, o f course
there would be a considerable saving of interest on the bonds
b y their payment now, which would more than cover the
premium they would cost, and on that basis what
may be called a “ saving to the people’’ would be secured.
The circular referred to works out in this way an apparent
profit for the bond buying policy of 51^ million dollars
on the purchase of 100 million o f 4s and 60 million of
4jjr-s, notwithstanding 40 million dollars would be paid in
premiums. This result looks well, and if there was noth
ing else to be done with the money— that is if the alterna
tive was that the money must lie idle until the bonds
matured, the case would be proved; but it is not proved, if we
assume that Congress can provide a way to get interest on
the accumulations— as it might possibly do by a refunding
bill— for in that case the apparent profit is turned into a loss.
A n d in determining what is a wise policy for the Presi
dent we must not forget the measure and nature of his
accountability to Congress. Ours is not a Government
with an absolute independent head, but a representative
one with the officers merely administrators possessing no
right to take an affair into their own hands and decide for
and in the place o f the legislative department. To be
sure, authority to buy has been given the Secretary as we
set out months ago; but although that would legally pro
tect the purchase, and in case of an emergency no officer
would hesitate in his action, yet to «adopt bond purchases
now as the Treasury policy knowing probably that a
majority of the two houses would not favor it if asked, and
that in fact the majority of their constituents, the people
would not favor it— to adopt that policy under such cir
cumstances would according to our idea be a mistake.
Bear in mind that the law authorizing such purchases was
passed in 1881 when there were plenty of bonds
to be bought at or very
near par and when
no one could have
anticipated a situation
with
one
or
two hundred
millions
of
surplus, and
nothing to buy except at 13 and 28 per cent premium ;
furthermore, that outside o f New Y o rk and the Eastern
States no policy could be more unpopular among the peo
ple than to pay bondholders these large premiums.
This
change in the situation and this feeling of the public are
matters that no administration can properly ignore. I f it
was a question o f principle, an officer would take large
risks; if it were to ward off or arrest a panic, action would
be more than justified; but where the only claim made is
that money will be saved b y the operation, and especially
when it appears that more money could be saved b y Con
gress through a refunding bill which provided for its use
in securing a reduction to a lower rate o f interest o f the
whole debt— does it not seem to be much wiser, in fact
*does it not seem to be the duty o f the Administration, to
avoid adopting the policy proposed?
795
This brings us back to the thought already expressed
that the course o f the Administration in taking short views,
doing the best it can from month to month, appears to us
to be the better way to meet the present situation. I f the
emergency were critical, or if it were of the Adm inistra
tion’s own making, or the result o f its own suggestion, or
one that Congress did not foresee, calling the new Congress
in extra session would be a perfectly natural proceed
ing. But when we know that neither o f these alterna
tives furnishes an inducement for taking that course, and
especially when we also know (from the recent public ut
terances of Senators and Representatives) that the members
of the two houses are no nearer an agreement on a policy
to-day than they were last March, there is far more of hope
in letting them stay at home studying the situation than at
W ashington making speeches.
Delay too will cause the
emergency to be more pressing, and that in turn will lead
constituents to be more urgent, so that the pressure for
speedy relief will perhaps b y December become irresistible.
W hat is needed when Congress meets is not to re-enact or
live over again a volume of the Congressional Record, votes
and all, but with a new spirit, under the whip and spur o f
necessity, to talk, mature and legalize absolute relief quickly.
W e have said that the emergency is not at present
critical. W e think our suggestions o f last week showed
that, and the special movement o f money just now to Chi
cago and the W est does not affect what we then said—
it is a temporary affair and of no significance in this discus
sion. Mr. Fairchild is evidently putting his daily surplus
into bank depositories and thus keeping it within the
channels of commerce. I f he can get bonds as security,
that policy can be continued for months and all current
accumulations retained in active use. W ith regard to the last
half o f the calendar year we can see no uncertainty in the
prospect except the uncertainty connected with the crop
demand for money in the fall; and as we suggested last
week, that may be very slight owing to the fact that sup
plies sent W est and South during the last twelve months
have never returned, and may in a great measure suffice for
the autumn crop movement. Or if not, and the outflow
should again be large, there is the probability of gold im
ports in case our money market continues to work closely,
which will be an offset to that demand.
In addition to all this, what should give the public per
fect rest in the belief that Secretary Fairchild has complete
command of the situation and that nothing will be allowed to
disturb legitimate business, is that in case of any unexpected
emergency he has the resource of bond purchases already
discussed, and also the still more important device of antici
pating the payment of interest for a year if need be, which
if done, would throw about 441 million dollars into the
market on the briefest notice. Many discuss this latter
point as if it were a means for the permanent reduction of
surplus. The truth of course is, it is nothing but a
makeshift— a temporary expedient wisely provided
to meet
a
sudden
em ergen cy;
for
we
need
hardly say that if the interest is anticipated there
will be no subsequent disbursements on that account, so
that other things being 6qual, the surplus during the following twelve months would be just that much additional.
Still it is a reserve measure o f great power and utility,
affording perfect assurance that the Government can and
will arrest any critical disturbance should any occur, which,
we do not anticipate.
“ A S S IS T E D " E M IG R A T IO N .
There have been, during recent weeks, several important
developments affecting the immigration question, about
which we wrote so recently. Secretary B iya rd ’s letter was
796
THE CHRONICLE.
the first in order; next came the decision of Judge Brown
o f the United States District Court, and after that Mayor
Hewitt’s letter suggesting the proper action o f the city
authorities in view o f that decision. W e take it for
granted that the position assumed by our Government will
control the action of the British poor-law authorities, not
withstanding Judge Brown’s decision directing the dis
charge of thirteen detained immigrants of the “ assisted ”
variety (though the fact that they belonged to the "assisted”
class was not before the court), because they seemed to be
in good physical condition. Certainly after Mr. Bayard’s
explicit declaration that such immigrants are not desired,
it would be an unfriendly act on the part o f the British
Government to “ assist ” them to come. There are British
colonies all over the world which need them. W e do not.
It is very satisfactory to observe the firm attitude taken
b y the Secretary o f State in replying to the British Minis
ter on the subject. Mr. W est asked if Irish emigrants,
sent out at the public cost, who have friends in the United
States able to support them, would be allowed to land.
Mr. Bayard replied, in effect, that each case must be deter
mined separately; but that the test o f acceptability as an
immigrant established by law is: ability o f the person to
take care o f himself or herself without becom ing a public
charge; and that any plan o f sending hither persons
unlikely to be able to support themselves, in reliance upon
the presumed ability of friends already in the country to
support them, would be looked upon generally with dis
favor. The subsequent explanation b y Mr. W est, that the
intending emigrants are not paupers, but crofters, does not
change the situation or m odify Mr. Bayard’s attitude; but
if there was any misunderstanding, it was Mr. W est’s fault,
since he had first spoken o f Irish emigrants, and the cro ft
ing system is peculiarly Scottish.
j
fV o L X L i v .
and disturbing, merely increasing the volume o f trade
while seriously diminishing profits.
But, recurring to the politico-economical consequences o f
excessive immigration, every one o f the hundreds o f thou
sands o f men who will make A m erica his home this year,
may, five years hence, be a voter. Aliens are naturally
inclined to be clannish. They are not diffused generally
through the country, but they locate in groups. The
immigration o f 1887 will make a perceptible addition to
the voting lists o f New York, Chicago, Philadelphia, Boston;
and other large cities, in 1892. A desire for their help
will affect the course o f each party in these cities, and these
cities may, and probably will, hold the balance o f political
power in their respective States. It is, then, only necessary
to inquire how far the influence o f these men is likely to be
cast on the side of good government; in other words, to esti
mate the effect o f immigration o f the poorer sort when it is
so great in volume as to have any perceptible effect at all,
upon the stability o f our institutions. W e need not stop to
cite special evils which have been imported through aliens
into local politics. They are sufficiently apparent; and
every disturbance o f the social order affects, according to
its magnitude, the wealth-producing power o f the whole
community, and diminishes the courage and enterprise of
capital. It is, therefore, hardly safe to limit the consider
ation o f the economical effects of immigration to the simple
question, how much the new comers will produce and how
much they will consume.
W ith regard to the « assisted ” emigrants there is not
room for two opinions. For, in an economical sense, it
makes no difference whether men unable to earn their own
living are supported by friends or by public taxes. In
either case they are consumers only, and are wholly useless
members o f society. It cannot be admitted for a moment
that this country owes any duty o f hospitality to a single
person not born a citizen. The doors do not stand open
to immigration because the United States has undertaken
a mission o f universal philanthropy, nor even because,
having admitted some millions o f aliens, it is under an
obligation to accept the brothers and cousins and other
relatives o f former immigrants. There is nothing to be
considered, absolutely nothing, but the general advantage
o f the whole people, without the least sentiment or senti
mentality.
W ill Hans Hansen be a good and useful
citizen? W ill Antonio Antonini earn his living and keep
the peace? Is Bridget Houlahan capable o f supporting
herself ? W ill the country, as well as Hans, Antonio and
Bridget, be benefitted b y allowing them to land? A ll other
questions are irrelevant and idle.
But the decision o f Judge Brown suggests that even the
present law ought to be amended and made clearer and
more definite. In our opinion, however, the time must
soon come when corroborative evidence should be required
in each case o f the fitness o f immigrants. W e must draw
the line a long way above pauperism,— not that the posses
sion o f even a penny should be required,— but that evi
dence o f physical soundness and habits o f industry, at the
very least, should be made a prerequisite. The Secretary o f
State is to be thanked for the firm manner in which he has
insisted upon the enforcement o f the intention of the
present law.
Let us hope that in the near future the
country will be prepared to take a further step in the same
direction.
W e are glad to find that the Administration holds views
on the subject ¡of immigration so nearly in accord with
those which we but recently advanced. Indeed, we are
convinced that if thoughtful men will consider this ques
tion, they will see that the time is nearly at hand when
the United States must greatly m odify its policy. It must
not only rigidly enforce existing law, but it must amend
the statutes so as to discourage all but the better class of
immigration. It is to be expected that demagogues will
make an outcry against what they will deem a reversal of
the present liberal policy, and the weaker sort o f politicians
will repeat their remonstrances. It is even possible that
the doctrines of political economy may be invoked in oppo
sition. Mr. Edward Atkinson, who is neither a demagogue
nor a weak-minded politician, but who is an honest man,
always ready to follow his convictions wherever they may
lead him, was lately “ interviewed ” on the subject o f immi
gration. His idea was, that from the economist’s point of
view there cannot be too many immigrants; looking at the
question politically, he thought the prospect not quite so
rosy. W e are forced to differ from Mr. Atkinson. For
we should insist, in the first place, that the political diffi
culty of assimilation and digestion o f a large number of
aliens forms a part of what is to be [taken into considera
tion by the economist, and is a large offset to the presumed
benefits in the shape o f wealth created, ascribed to immi.
gration. A n d in the second place, while in the abstract it
is of course true that one hundred thousand people added
to the population will require an extension of the wheat
area, an increase of production of cloth, leather and various
other articles, it does not b y any means follow that the N E W Y O R K G R A I N R E C E I P T S A N D T R U N K
L I N E E A R N IN G S .
aggregate wealth is promoted by these latter-day arrivals.
A ctual toilers, real wealth producers, bring wealth for
Grain receipts at New Y o rk in May last year were
wealth, and afford a healthy stimulant; any other quicken-1 unusually large, but this year have been larger still.
ing of our industries that we can imagine w ^ d d b e '.'''healthy1 Reducing flour to wh»ar. the total deli veries by rail and
J UNE
25, 1887.1
THE CHRONICLE.
canal for the month reach 12,251,917 bushels in 1887,
against 11,560,044 bushels in 1886, 8,203,072 bushels in
1885, 7,921,793 bushels in 1884, 9,644,564 bushels in
1883, and 9,611,566 bushels in 1882. To get a total as
large as the present we must go back to 1881, when the
receipts were 13,870,370 bushels.
The large movement this year, however, differs from
that of last year, in that the proportion contributed by the
various cereals making up the total has changed. It is
wheat, and wheat alone, fhat accounts for the heavy
aggiegate. Thus no less than 6,273,672 bushels of this
cereal were received, with 1,908,355 bushels more in the
shape o f flour, making 8,182,027 bushels together, out of
the total o f 12,251,917 bushels. In other words, over
two-thirds o f the whole amount is composed o f wheat and
flour. Last year the contribution was 6,311,884 bushels.
In the case of the other leading cereals there has been a
falling off.
A s against corn receipts, for instance, of
o f 2,702,938 bushels last year, the receipts of that cereal
this year were only 2,115,866 bushels; of oats, the
receipts were 1,157,400 bushels, against 1,832,412 bushels.
In the minor cereals, there has been an increase in barley,
rye and malt, and a decrease in peas.
A t the other Atlantic ports— Boston, Philadelphia and
Baltimore— much the same features are observed, only in
a m oie striking way. The receipts stand at 5,944,970 bush
els, against 5,741,079 bushels, but wheat and flour furnish
ed 4,656,560 bushels o f the whole this year, while last year
they furnished only 2,766,864 bushels. Likewise the decline
in corn is more marked than at New Y ork, the deliv.
eries o f that cereal amounting to only 588,933 bushels,
against 1,884,851 bushels.
So as regards oats, the quan
tity this year is only 558,809 bushels, while last year it
was 1,006,856 bushels. Taking New Y ork in conjunction
with the other ports, the wheat and flour receipts this year
amount to 12,838,587 bushels, against 9,078,748 bushels
last year, and the corn receipts to only 2,704,799 bushels,
Against 4,587,789 bushels.
It is not difficult to explain either the decline in corn or
the increase in wheat. The yield of corn last year was
much smaller than in the year preceding, and hence the
movement both to the primary markets and to the sea
board, and also for export, has been reduced. In wheat
on the other hand we have had a large yield and a large
surplus, with the conditions abroad such as to make re.
course to our supplies a necessity. Hence exports have
been free and large. W e may suppose, too, that the
speculation in wheat at Chicago has had something to do
with making the receipts of the cereal so heavy here and
at the other Atlantic ports, for the parties engaged in the
cornering movement were interested in keeping wheat out
o f Chicago, wherever else it might g o .
It is worthy of note that though the total of the grain
receipts is nearly 700,000 bushels greater than a year ago,
the amount coming by canal was some 123,000 bushels
less. The canal takes chiefly wheat and corn, and it is
surprising that it should have gained on a year ago in the
case o f corn (878,100 bushels in 1887, against 710,200).
and lost in the case of wheat (3,393,600 bushels this year
against 3,632,700 bushels), though the movement of the
latter, as has been shown, was so very much heavier.
The rail rate was the same in both years, namely 25 cents
per 100 lbs., Chicago to New Y ork, so there is nothing in
that circumstance to account for the change. It may be,
however, that the receipts came from some of the more
remote interior western points, where the competition of
the canal is not so effective as at points near the line
o f the water route— the ability o f the railroad in such
case to quote an all-through rate being an advantage
797
which the canal does not possess— and it is also possibl
that the speculation in Chicago may be connected in
some way with the diminished shipments by the
canal. A nother feature deserving mention is the falling off
in the amount contributed by the various or miscellaneous
roads, which as against 999,580 bushels last year, have
only 414,089 bushels this year. It is o f course understood
that the Lehigh valley is the chief one of these various
roads, and the decrease now is probably o f no special signifi
cance. A s a result o f the diminished movement over these
various roads and the canal, all the leading roads to New
York, with one exception, show larger receipts than a
year ago, and also larger percentages. The exception is
the Lackawanna, which as against 704,245 bushels in 1886,
this year delivered only 309,986 bushels, its percentage
having been cut down from 6 09 to 2-53 per cent. In
the follow ing table we give the usual details.
RECEIPTS OP GRAIN AT NEW YORK BY ROUTES DURING MAY.
May.
1887.
1880.
1885.
1884.
1883.
1882.
N. Y. Cent...bush. 2,127,184 1,430,805 2,353,270 1,729,037 2,280,030 2,000,831
Per cent.
17-30
12-37
28-69
21-83
28-70
20-82
Erie............. bush. 3,236,144 2,727,819 1,789,995 1,474,380 1,685,258 1,404,708
20-41
Per cent.
23-00
21-82
18-01
10-43
14-01
517,874 484,481 1,210,878 703,994 948,820 1,037,782
Pennsylv’a. .bush.
4-23
Per cent.
4-19
14-76
8-88
9-84
11-32
300,980 704,245 244,196 107,440 594,031
Del. Ii. A W..bush.
2-53
Per cent.
0-09
2*98
2-12
6-10
W est Shore. .bush. 1,120,918 565,941 900,010
9-15
Per cent.
4-90
11-04
414,089
Various RRs.bush.
07,553
999,580
301,324
49,318
33,505
Per cent.
3-88
8-05
0-82
8-80
0-51
0-34
Total RR. .busk. 7,720,175 6,912,071 0,571,914 4,370,181 5,403,463 4,520,891
03-00
Per cent.
59-80
80-11
55-24
50-04
47-09
River A coast w.bu.
151,742
149,873 258,904 190,079
406,991
291,337
1-21
Per cent.
1-29
3-10
2-40
4'22
803
Canal........... bush. 4,374,000 4,497,500 1,372,254 3,355,533 3,774.110 4,793,338
Per cent.
35-70
38-91
10-73
42-36
39-14
49-88
Total a ll. ..bush. 12,251,917 11,500,044 8,203,072 7,921,793 9,644,504 9,611,500
N o te .—In the above table flour has been reduced to grain ou the basis
of 4*2 bushels to a barrel, and no distinction made in the weights
of the different kinds of bushels, aU being added together on the same
basis.
It will be noted that the Erie is entitled to the same
distinction as in 1886, namely, that o f having carried a
larger amount than any other road, it having delivered
26-41 per cent o f the whole, against 17-36 by the Central,
the next largest. Last year the Erie had 23-60 per cent
and the Central 12-37 per cent, but then the form er’s pre
dominance was explained by the fact that it had carried
very heavy amounts of oats and corn— larger quantities
o f each than any other road. This year it has lost in
these items, but increased its wheat receipts to 1,342,000
bushels (from only 79,200 bushels the previous year).
Both the Central and W est Shore, however, have added
largely to their percentages, so that if we take the two
roads together they have almost precisely the same amount
and percentage as the Erie— in 1886 their aggregate had
fallen much below the Erie.
Of course this lead
belongs to the Erie only on the receipts for the month. On
the receipts for th e five months the Central stands first.
RECEIPTS OP GRAIN AT NEW YORK BY ROUTES JAN. 1 TO MAY 31.
Jan. 1 to
May 31.
1887.
1880.
1885.
1884.
1883.
1882.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
N. Y. Cent. . 10,502,201 11,529,392 10,240,392 12,913,445 10,738,300 13,022,209
28-79
30-00
20-40
40-57
40-18
Per ct.
42-78
9,524,007 8,882,960 10,150,728 7,340,504 11,499,310 7,982,215
Erie...........
22-19
22-53
23-95
23-08
27-00
Per ct.
2500
Pennsylv’a.. 8,606,885 3,930,845 7,485,711 3,409,144 5,255,105 3,570,542
9-83
10-51
9-22
10-90
12*01
Per ct.
11-21
D el.Ii.A W . 2,407,915 5,587,953 3,422,656 1,989,109 2,300,842
13-93
7-00
0-21
5-67
Per ct.
0-25
4,811,551 2,436,491 5,007,053
6-08
12-09
11-25
829,772
Var’us RRs.. 3,895,033 2,493,685
407,430 1,590,740
822,294
0-23
Per ct9-79
0-90
0-79
4-99
1-02
Total RRs. 34,869.712 34,807,332 42,730,570 27,308,94« 36,183,395 25,497,320
87-08
Per ct.
87-00
94-85
80-85
85-79
80-07
076,830
510,598
940,262 1,108,050 1,084,172
Riv.A coast..
999,470
Per ct.
1-80
1-09
2-10
8-07
4*05
3-14
Canal........... 4,388,800 4,497.500 1,372.254 3,355,533 3,791,710 5,349,064
11-23
Per ct.
11-04
3-05
10-54
9-10
16-79
Total all.. - 89,775.110 40,041,068 45,049,080 31,883,137 41,659,277 31,845,854
THE CHRONICLE.
798
W e need hardly say that with larger receipts, and rates
the same, the trunk lines to N ew Y o rk had heavier
earnings from this grain traffic. W e have prepared our
usual estimate o f the revenue accruing to each road, and
find that on the Central the earnings this year must have
stood at about $133,000, against only $90,000 last year,
and on the W est Shore $70,000, against $36,000, making
the gain on the two V anderbilt roads $77,000. The Erie
had a revenue of $202,000 this year, against $171,000
last year and $56,000 in 1885. The Pennsylvania has gained
only slightly compared with 1886, and the Lackawanna
has had its total reduced from $44,000 to $19,000. For
the five months only the Erie and the W est Shore can show
an enlarged revenue,the increase on the former being trifling
but that on the W est Shore being $127,000. Taking the
five roads together, the aggregate revenue this year is
$1,778,000, while for 1886 it was $1,962,000, and for
1885 $1,722,000. Here are the figures in our usual form .
APPROXIMATE EARNINGS FROM THROUGH GRAIN TONNAGE.
Jan 1 to May 31.
May.
1687.
1886.
West Shore.....................
$
90,000
171,000
80,000
44 OOO
70,000 86,000
Total..........................
456,000 871.000
New York Central..........
Erie.................................
$
138,000
202,000
82,000
1885.
1887.
8
78,000
56,000
88,000
8 000
28,000
1
801,000
556,000
204,000
141,000
276,000
1836.
1885.
«
*
696,000 666,000
589,000 410,000
239,000 808,000
339,000 141,000
140,000 197,000
203,00Q 1,778,000 1,982,000 1,722,000
Q U E E N V IC T O R IA 'S J U B IL E E .
[Y O U X L I V i
that Great Britain has been during these fifty years, V ic
toria has been a large part; and whatever has been the
progress made during that period, and whatever the
honor or glory belonging to the same, she comes in for a
prominent share. That it ha3 been a period o f remarka
ble progress no one can deny. N o such advancement,
material, moral and intellectual, has ever taken place in
any period of similar length in the entire history o f the
human family. Of course this progress has not been
confined to the Queen’s dominions alone. But it has been
conspicuous in these dominions. It i3 difficult indeed to
conceive o f a greater contrast than that which is pre
sented by the British Empire and people in 1837, and the
British Empire and people in 1887. Tae bounds o f the
Empire have been enlarged. The condition o f the people
has been improved. They are better fed, better clothed,
better housed, better educated, than they were fifty years
ago.
The spirit of humanity has been breathed
into legislation; the people have come to the surface
of affairs; and under the shadow of a monarchy are
now enjoying all the rights and all the privileges o f a
republic. It is not possible that a royal j ubilee occurring
in such circumstances could be allowed to pass unheeded;
and, as said, it would have been strange indeed if, on such
an occasion, the congratulations of other nations and peoples
should have been withheld. W e are sure the great mass
of Americans will heartily join in the wish o f President
Cleveland, that her Majesty’s life be prolonged, and that
peace, honor and prosperity continue to attend all her
00
00
CÓ
00
rH
The Queen’s jubilee, as was expected, has turned out to
be one o f the events of the time.
Never before has people.
L ondon witnessed a demonstration of similar magni
tude, and it is matter for congratulation that nothing
W E E K L Y R A I L R OA D E A R N IN G S .
occurred to mar the joyous character o f the proceedings
For the second week of June the increase is 16*91 per cent
The jubilee celebrations have not been cm fined to L on on fifty-nine roads. The Buffalo Rochester & Pittsburg, as the
don and the British Isles alone. In India and in all the result of the larger tolls on bituminous coal to Buffalo, shows
British colonies the manifestation o f loyal affection to an increase o f over 100 per cent. The St. Louis Arkansas &
the head of the State has been at once enthusiastic and Texas, the Norfolk & Western, and the Milwaukee & Northern,
also all have very heavy ratios o f gain.;
sincere. A n d the attention which the event has received
in this and other countries shows that Queen V ictoria’s
Increase. D ecrease.
1886.
1887.
2d week o f June.
sterling qualities command respect and admiration far
$
$
$
*
159,549
1,204,269
P rev'ly rep’ted (14 roads)
beyond the limits o f her own dominions.
1,900
52,500
50,600
Buffalo N. Y. & Pliila . . . .
28,776
20,900
49,676
It would have been strange, indeed, if such an occasion Buffalo Rocli. <fc P ittsb ...
635
49,522
44,887
Burlington C. R. & N o ...
. . .....j
979
13,9 a6
had been allowed to pass without suitable celebration. Cairo Vincennes & CM o..
14,945
52,000
197,000
249,000
Canadian P acific..............
7,424
31,579
N ot since 1809, seventy-eight years ago, have the British Chicago & East. Illinois..
39,003
574
25,717
26,291
Chicago & West Mich —
people had such an event to celebrate. Royal jubilees, Cin. Ind. St. L. & Chic . . .
4,334
........
44,800
49,139
........
8,363
52,030
60,399
N. O. & Texas P a o ...
indeed, have been but comparatively rare in history. Cin.
6,54 7
18,830
25,377
Alabama Great S o........
197
8,081
8,281
New Orleans & N. E . . . .
A m on g the monarchies o f Continental Europe, France»
1,002
6,163
7,170
Vicksburg & M eridian..
589
5,270
5,859
Vicksburg Shrev. & Pac.
among the greatest powers, furnishes the solitary example. Cincinnati
423
7,610
7,187
Ricn. & Ft. W.
.............
5,664
31,317
36,981
Cincinnati Wash. & Balt..
Louis X I V . was king for seventy-two years, and reigned Cleveland
36 L
10,438
10,799
Akron & C o l...
729
6,858
6,129
& Cin. M idland.........
sixty years. In England, only three sovereigns besides Col.
472
21,636
21,166
Det. Lansing & Northern.
21,352
67,229
86,581
Queen V ictoria have filled the jubilee term— Henry III., East Tenn. Va. & G a .. . . .
11,060
39,470
50,530
Flint & Pere M arquette..
3,8b7
11,634
7,767
who reigned fifty-six y ea rs; Edward III., who reigned Ft. Worth & Denv. C ity..
4,619
37,006
41,625
Grand Rapids & I n d ........
17,164
327,376
344,540
fifty years, and George III., who reigned sixty years. Grand Trunk of Canada..
4,517
51,902
47,385
Ind. Bloom. & W estern..
1,087
2,332
3,419
George III. had not, during his long reign, given his Kingston & Pem broke.. . .
8,733
31,048
39,781
Lake Erie & Western. . . .
7,213
........
14,635
21,848
people unmingled cause for gratitude. His jubilee was1 Louisv. Evansv. & St. L ..
28,065
256,960
285,025
Louisville & N ashville.. . .
11,293
4 4 ,2 4 1
32,951
nevertheless, widely and enthusiastically observed. His Louisville N. Alb. & Chic.
6,451
23,606
30.057
Memphis & C harleston..
7,861
63,839
excellences alone were remembered on this occasion ; and M exican Central..............
71,700
6,211
10,942
17,153
Milwaukee & N orthern...
2,009
there were exuberant manifestations o f loyalty.
The N. Y . Ontario & Western.
26,489
28,498
26,836
56,184
85,020
Norfolk & W estern..........
people flocked to the churches to offer their thanksgivings; Ohio & Mississippi —
4,383
80,717
85,100
261
........
21,161
20,900
Jos. & Grand Island..
festivities and illuminations enlivened the evening ; and St.
224
22,275
22,499
St. L. Alt. & T. H. (M. L.)
.............
1-643
12,727
14,37.
Branches........................
the occasion was rendered especially memorable by the St. Louis Ark. & T e x a s...
13,847
29,455
43,302
2,987
5.960
8,947
A nn Arbor & No Mich
liberation from prison o f many unfortunate debtors. The Tol.
7,607
13,968
21,575
Toledo & Ohio C entral. . .
35,716
93,151
128,867
W estern...............
demonstrations on this last occasion have been made in Wabash
....... - 712,141
25,386
37,527
Wisconsin Central............
........
6,282
3,349
9,631
Minn. St. Croix & W is..
very different circumstances, and in very different times ;
17,712
2,349
20,061
W isconsin & Minnesota.
and they have been in every respect worthy of the event
8,937
544,727
Total (59 roads)......... 3,704,520 3,168,730
535,790
and of the progress— physical, moral and intellectual— Net increase (16* 91p. ct.)
which has been made m the interval.
Twelve roads have reported earnings for the third week o f
In Victoria’s case it is difficult to look at the Queen June, and of these only one shows a decrease. The aggregate
apart from her dominions and from her people. Of all increase on the twelve roads is 13*32 per cent.
THE CHRONICLE
J une 25, 1887. J
3d week o f June.
Buffalo N. Y . & Phila . . . .
Chicago & Atlantic .......
Chicago Mil .& St. Paul..
Cincinnati Ham. & D a v ..
E vansville & India’ i oiis.
E vansville & Terre H ___
Long Island.......................
Milwaukee L. R. & West .
Northern Pacific..............
P eoria Dec. & Evansville.
St. Louis & San Fran.......
St. Paul & Duluth............
Total (12 road s).........
Net increase (12 32 p. c .).
1887.
1886.
$
50,500
43.196
486,000
61,904
5,000
17.000
85,769
80,418
254,170
15.000
103,100
36,301
$
51.900
28.645
471,949
51,617
3,600
15,000
74,560
53,770
222,227
12.900
80,800
35,540
1,233,358
1,102,508
Increase.
$
14,551
14,051
10,287
1.400
2,000
11,209
26.648
31,943
2,100
22,30'
761
137,250
135,850
799
imminence of dear money. The reserve has gained £316,988,
and the proportion to liabilities, which last week was 46*44
*1,400 per cent, is now 47*04 per cent. In the important item of bul
lion there is a gain of £179,423, and as £136,000 was upon bal ance exported during the week, it follows that £315,000 must
have been returned from general circulation. In the aggre
gate deposits held there is a net increase of £261,000. The
reserve is now £14,713,865 and the stock of bullion £23,741,045,
being respectively £3,314,000 and £3,467,000 more than last
year.
1,400
The following return shows the position of the Bank o f
England, the bank rate of discount, the price of consols, &c.,
compared with the past three years:
Decrease.
l$t0U£tî*Vïï! C om m ercial ga^XisTxgexus
[From our own correspondent.]
Saturday, June 11,1887.
The events of the week have not accentuated the symptoms
of reviving commercial prosperity. Stock Exchange speculation
has been checked, and the majority of the changes have been
o f an adverse character, in consequence of the growing uneasi
ness concerning the Afghan question and the adoption of a
more provocative attitude by the Russian press on the subject.
It is difficult to discover what is the real condition of affairs in
the interior of that country, but there can be no question that
Russia will not refrain from making a fresh onward movement
whenever conditions may be considered favorable. W e are
thus brought once more into closer antagonism with political
incertitude, and naturally trade will suffer to a greater or less
extent as confidence in the future is weakened.
In business generally nothing special has transpired. The
third series of public sales of colonial wool have opened
with a good attendance and brisk competition, but the prices
paid have ruled from 5 to 10 per cent below those quoted at
the close of last series. It is clear, therefore, that the recent
rapid improvement was not altogether warranted. If, how
ever, the present demand be sustained, a portion of the relapse
may yet be recovered, although the trade just now can hardly
be described as strong. In the matter of cotton, the manu
facturers and spinners in northeast Lancashire, with the inten"
tion of defeating the tactics of the “ cotton ring,” who, it is
maintained, have forced up the value of the raw material to such
an extent as to render profitable trade impossible, are arranging
to run all mills in Lancashire short time, and operations wilprobably commence next week.
It is always unwise to
endeavor to place a fictitious value upon raw material
and especially so now. Trade is not yet sufficiently strong to
contend with important speculative cumbinations, hence all’
such transactions must react disastrously. Iron is firm and
has rather improved in value during the week. There is
also some apparent likelihood of greater animation in the
steel trade, but it is still questonable whether a demand of any
importance is capable of being sustained.
Notwithstanding optimistic anticipations previously entertained, our gross export of metals and articles manufactured
therefrom, including machinery and millwork, during the five
months ended May 31st, has exceeded that for the correspond
ing period last year by only about £1,225,000; but there is some
encouragement in knowing that of this gain about £495,000
was secured during May alone.
Whether this is to be
accepted as an earnest of better things during the ensuing
months, must be left to the future to decide. The Board of
Trade returns for the past month, whilst they contain some
favorable features, do not as a whole bear evidence of much
commercial elasticity, even when allowance is made for the
effect of the Whitsuntide holidays, which last year fell in
June. The exports, in that they exhibit an increase over
1886, are an improvement over the returns for April; but the
gain, which is less than £200,000 on a total of £16,498,000»
does not count for very much. Money remains about as
abundant and easy as ever. To sum up, the position of affairs
is much the same now as it has been for some time past, in
other words, whilst trade is improving the progress is very
slow.
Money has been a shade dearer, not so much from an exten.
sion of the demand as because of the export inquiry for gold
for the Continent. There has been a plentiful supply of cap
ital available, but a slight hardening of rates has been per.
ceptible. Short loans are quoted at % per cent and threemonths’ bills discounted at 1 per cent. The weekly Bank of
England return does not, however, present indications of the
L ondon,
Circulation, excluding 7-day and
other bills........................................
Public deposits..................................
Other deposits...................................
Government securities.....................
Other securities............................
Reserve o f notes and coin..............
Coin and bullion................................
Reserve to liabilities......................
Bank rate ..........................................
Consols...............................................
Clearing-House return....................
1887.
1886.
1885.
£
34,777.180
5,124,161
25,948,842
15,489.007
18.68S.430
14,713.865
23,741,045
47-04 p. o.
2 p. c.
101%xd.
101,213.000
£
£
£
24.621,025
5,837,604
23,170.407
14.583.435
20,830,703
11,309,225
80,2/3,25u
SOW p. o,
3 p. c.
100%xd.
90,458,001,
25.043,200
7.697,715
37,416,392
13,713,004
20,901,31.2
18,209,305
27,502.595
6196 P. o.
2 p. o.
09%
93,288,000
25,287,565
8,932,405
23,649,834
13,113,919
21,008.895
15,343,966
24,886,531
46% p. c.
8WP.C.
00%
92,627,000
1884.
Messrs. Pixley & Abell write as follows on the state of the
bullion market.
Gold to the amount of £150,000 has been taken from the bank since
our last, and £14.000 has been paid in.
There is still a fair enquiry for
export to the Contiaent. The arrivals a r e : £75,000 from China, £0,000
from Australia, £'¿6,000 from South America, and £7,000 from Chill.
Total, £114,o00. £25,000 has been sent to Bombay.
Shver has slightly weakened, with lower rates of exchange from India,
and also because or the lower rates at which the India Council sold their
drafts yesterday. The silver ex G alicia has been fixed to-day at 43 13ltid. The total arrival was £32,000. The amount shipped to Bom bay is
£85,000.
M exican dollars have been entirely nominal, and may be quoted as
43d. nearest.
The Board of Trade returns just issued for May might have
been more favorable. There is a decrease in the imports o^
£1,101,982. In cotton alone there was a falling off in the re
ceipts of £960,921. In the gross imports for the five months a
gain of £9,567,490 is shown. As regards the exports there is
an increase on the month of £196,814 and on the 5 months of
£2,149.763.
The following are the totals of the imports and exports dur
ing May and the five months:
Imports Foreign—\
A Colonial Produce.
May.
5 Mos.
£
£
1885.... 31.188.363 160.688,917
1886.... 29,023.303 141,761.602
1887.... 27.921,321 151,329,092
Exports British A—, Re-exports Foreign—»
Irish Produce, Ac.
A Colonial Mdse, Ac.
5 Mos.
May.
5 Mos.
May.
£
£
£
£
17,145,117 86,680,799
4.234.098 21.265.280
10,301.022 84.825.086
4.592,142 22,820,121
16,497,836 80.975,449
4,700,128 25,290,793
The folio win]g shows the imports from the United States
during May, so far as enumerated in the Board of Trade
returns:
Oxen and hu lls.. .........No.
C ow s.................... .........No.
Sheep and lambs .........No.
W heat—A llan, ports.cwts.
Pacific p o rts...
F lour....................
B acon...................
Beef—Salted.......
Fresh................
Hams....................
Meat. unenumerat’d.ewt8.
Preserved.........
Pork—S a lted ___ ___cwts.
B u tter.......... ....
Cheese .................
F i s h .....................
Lard......................
Sugar, refined . . . ___cwts.
Copper ore______
Regulus, & c ....
Unwrought and partly
w rought.........___ tons.
Cotton, raw ___ _
T allow ...................
Wood& timber—Hewn.lds.
Sawn and split. ...loa ds.
.........No.
Leather.................
1866.
13,894
29
1,005,949
1,605,319
1,212,927
217,882
17,542
76,119
94,394
25
27,348
17,225
405
41,914
1,743
97,434
81,733
297
2,119
346
1,023,018
28,750
7,529
31,373
2,208,450
1887.
7,799
7Ö
£09
1.267,149
1,421,569
1,230,131
121,182
15,577
43,347
58,152
551
14,212
9,801
150
26,466
3,191
48,279
215,710
170
2,302
1886.
£284,387
583
. . . . -404,384
624,569
673,420
346,282
£8,285
175,759
217,592
28
63,180
23,071
1,523
87,085
5,406
160,626
73,916
5,030
54,884
1887.
£151,335
1,220
418
506,574
605,131
667,135
234,206
24,740
90,986
151,286
1,024
36,939
13,988
508
67,173
9,202
85,019
171,290
3,190
60,415
384
14,575
16,215
427,613 2,448,209 1,078,000
34,500
33,546
38,235
9,943
28,799
41,530
85,939
85,577
30,180
4,452
7,686
121,929
3,818,305
176,504
Below are the exports of British and Irish procuce to the
United States, as far as can be gathered from these official
statistics, during May:
,---------- Quantity--------- > <------------Value------------s
1886.
1887.
1886.
1887.
Horses............................ No.
17
50
£2,335
£3,497
Beer and ale.............. bbls.
3,474
5,110
14,955
24,096
Salt.................................tons
14,159
14,681
14,024
13,604
Spirits......................... galls.
2,371
7,718
948
2,717 .
W ool...............................lbs.
252,900 1,076,400
7,999
47,671
Cotton piece g ood s...y d s.
2,655,900 2,116,400
67,920
54,066
Jute—Y a m ................... lbs.
1,846,300 873,300
13,123
8,1227
Piece g ood s ....y d s.
7,669,200 7,114,100
60,107
55,374
Linen—Y arn...................lbs
97,100
173,900
3,233
4,831
Piece goods..yds. 4,378,200 3,669,800
102,403
85,653
Silk broadstuffs............yds.
15,718
24,060
2,920
6,608
Other articles of silk only
.................................
2,719
r2,841
THE CHRONICLE.
800
-------Quantity.
—» ,---------- Yalx ie.---------- v
1887.
1886.
1888.
1887.
A rticles o f silk and other
58,583
53,630
m aterials..........................
51,630
69,328
432,500
332,000
W oolen fabrics.............yds.
109,853
174,053
Worsted fabrics.......... yds. 3 ,354,000 1,735,600
4,842
8,264
48,300
42,100
Carpets..........................yds.
21,710
26,123
Hardware and c u tle r y ....
111,836
73,729
36,763
Iron and steel—P ig ...to n s
26,911
1,542
2,309
283
171
Bar, angle, & o..tons
1,459
7,393
50.278
10,937
R a ilr o a d .... ....t o n s
872
7,739
24,318
3,599
Hoops, sheet,&c. tons
2,711
3,063
134
123
Cast and w ro’t-.ton s
48,928
11,087
16,990
Old. fo r remnftr.tons
. 4,377
403,657
21,549
30,281
302,910
T in -P la te s .................. tons
91,562
3,522
14,869
32,459
Steel, unwroueht....... tons
1,171
222
4,380
919
Tin. unwrought....... cwts.
359
1
24
20
L ead.............................. tons
3,761
6,424
S team -engines...................
34,808
41,907
Other kinds o f machinery.
4,456
8,744
Apparel- and slops............
12,988
13,364
Haberdashery & m illinery
75,427
304,884
89,244
266,791
A l k a l i .......................cwts.
14,865
6,897
1,845
2,089
Bags and sacks.......... doz.
19,726
20,570
9,115
41,558
Cement....................... cwts.
58,690
73,329
Earthenware & porcelain.
............
Paper—Writing, printing,
2,331
&o............ cwts.
300
663
1,078
3,334
2,031
A ll other kinds.cwts.
566
755
57,524
49,166
Skins and furs.....................
5,504
7,366
Stationery ,oth’r than pap’r
The movements in the p r e c io u s m e ta ls h a v e b e e n a s f o llo w s :
To and from all Countries.
GOLD.
1885.
£
Imports In May.... 2,177,084
Do
5 months. 5,404.546
208,807
Exports in May—
Do
5 months. 2,038,701
SILVER.
Imports In May....
806,000
Do
5 mo ths. 3,071,550
Exports In May— 1,163,018
4,605,015
Do
5 months.
1886.
1887.
£
£
1.182.320 771,800
5,025,085 4,057,340
1,800,520 770,407
5,082,707 2,407,580
To and from United State».
1885.
1886.
£
840,107 363,720
855,285 2,363.091
£
1887.
£
3,220
17,140
36,160
80,800
70,000
407.263 778,100 310.034
3,207,705 3,131,824 1,220,010
457,830 016,045
3,158,740 8,350,030
61
112,050
801,000
221,607
74«,515
4,120
5,620
The particulars of the scheme for the rearrangement of
Peruvian finance have been published, and the contract, sub
ject to the ratification by Congress in July next, has been
signed. The main concessions appear to be as follows :
“ Railways comprising altogether about 763 miles; all dis
covered and undiscovered guano, for 66 years, also the right
of the Goverment to the 50 per cent of the 1,000,000 tons of
guano dealt with by the treaty of peace between Chili and
Peru; so long as £420,000 a year is not received for two con
secutive years from the railway and guano concessions, a fur
ther concession of £120,000 a year from the customs dues of
the ports of Mollendo and Payta, to make up any deficiency
in that sum; the right to work mines; 4,000,000 acres of land;
for every family introduced into Peru additional 400 acres;
authority to establish a bank at Lima, with 25 years of exclu
sive right to issue notes, the bank undertaking the administra
tion of the Internal Debt of Peru, to be guaranteed by 8 per
cent of the customs dues of the port of Callao and other rev
enues; certain privileges of immunity from taxation.”
Whilst the obligations are: “ To effect railway constructions,
extensions and repairs; examination of the Coal and Cinnabar
mines; payment to the Government of 20 per cent of the net
proceeds of the railways, and 25 per cent of the net proceeds
of the guano after £420,000 a year have been received by the
committee; deposit of the bonds constituting the external
debt of Peru, say £32,000,000; and the cancellation of onehalf of that debt, the remaining half ‘ being attributed by the
committee to Chili;’ to provide the capital, say £350,000, for
carrying on the bank; an advance of £400,000 to the Peruvian
Government, to be paid by instalments extending over 30
months; transport of military and civil employes of Peru,
with material and mails, on the special terms of the general
provisions.”
These obligations will, it is presumed, necessitate an outlay
during the next five years of about £2,500,000, against which
debentures are to be issued constituting a charge on the con
cessions from the Peruvian Government. It is also proposed
to incorporate a Peruvian Trust, in the form of a limited
liability company with a capital of £15,000,000, and to allot
the shares to the bondholders in exchange for the bonds. The
above capital is taken to represent the half of the Peruvian
debt, the remaining half being left to be dealt with through
any concessions which may be obtained from Chili.
The
scheme does not appear to have been well received here,
although possibly with the materials to hand it is about as good
as could be devised. Before the particulars were published
the six per cents went to about 20% and the 5 per cents to 18%;
but there has since been a drop of 2 to 3 per cent from these
prices, as it is doubtful whether the proposed new capital will
be forthcoming unless the financial arrangements are under
taken by one of the leading firms.
The following are the new capital creations:
Name.
Capital.
Australian Gas Light Oo. o f Sydney, 5 per cent debenture___£300,000
P rov. o f British Columbia, 4% per cent debenture.................
205,400
Argentine Great Western Railway Co. (Lim.), £2 0 shares......... 200,000
Isis Investment Co., Queensland, £ 1 shares................................ 150,000
*J. M cEwan & Co. (Limited). Melbourne, £ 1 0 shares................ 350,000
•Star and Garter H otel (Limited), Richmond, £ 5 shares...........
60,000
* Emission to acquire pre-existing business.
rVOL. XLIV.
Name.
Capital.
200,000
H otel V ictoria (Limited), London, £ 5 shares....... ...................
“
“
“
5 per cent debenture............................... 150,000
M etropolitan Gas Co., Melbourne, 5 per cent debenture............
50,000
*C. 8. W endover & Co. (Limited), £ 1 0 shares................................
60,000
•Continental Metropolitan Tramway, £ 5 shares, oom m on........ 300,000
“
“
“
“
p re fe rre d .... 200,000
Fire-Extinguisher Co. (Lewis patent), £ 1 shares........................
30,000
Goulding Placers (Limited), (to acquire property in Rio San
Miguel, Montrose County, Col.. U. ».), £1 shares..................... 150,000
Mt. Shamrock Gold Mining Co. (Lim.), Queensland, £1 shares. 280,000
Nottingham Suburban Railway Co , £10 shares.......................... 250,000
Evered & Co. (Limited), £ 1 0 shares................................................
30,000
Nordenfelt Guns and Ammunition Co. (Lim.), £ 1 shares..........
75,000
Universal Simplex Type-writer Co. (Lim.), £1 shares............... 100.000
60,000
R io Ariba Land and Cattle Co. (Lim.), £ 5 preferred shares___
English and American Freehold Land Mort. Co. (Lim.), £ 2 sh s 280,000
Hagod-y-Wera Estate and State Co. (Lira.), £ 1 shares...............
60,000
Manchester Ship Canal Co., preferred shares...............................4,000,000
•Emission to acquire pre-existing business.
The weather has at length become summer-like. The tem
perature has risen very decidedly and we have at the
same time enjoyed long intervals of bright sunshine. A very
decided effect has in consequence been wrought upon vegeta
tion, and harvest prospects have been materially improved.
The grain trade has not been so uniformly steady, and wheat,
after being firm, has left off rather weak. Millers have again
become very cautious, whilst the confidence of holders has
diminished in an equal ratio. The weather is now the most
important factor in the situation. A continuance of such as
we are now enjoying can hardly fail to insure weakness, not
withstanding the heavy agricultural losses in Eastern Europe.
The reduction of stocks to within a very narrow compass
will not count for much under the circumstances, as empty
granaries will soon be replenished.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
1,490,000
164,000
384,000
W h e a t ......... qrs.
Flour,equal to qrs.
Maize.............. qrs.
Last week.
1,625,000
216,000
381,000
1886.
2,216,000
243.000
420.000
1883.
2,600,000
244.000
322.000
The following shows the imports of cereal produce into the
United Kingdom during the first forty weeks of the season,
the sales or home-grown produce, & c., compared with last
season:
IM POSTS.
1885-86.
1884-85.
1886-87.
W heat... . . . . . . ...o w t . 39,232,918 36,338,953 40,297,833
13,661,459
8.863,429
Barley....... .................... 14,161,024
7,804,846
O ats............................. 10,500,672
9,636,417
1,548,810
1,530,658
Peas.............................. 1,952,085
2,570,282
2,453,428
B e a n s . . . . . . . . . . . . . . . . . 1,957,751
Indian corn ................. 22,032,204 22,269,246 20,056.589
Flour___ . . . . . . . . . . . . . 13,443,701 10,681,795 13,381,502
1883-84.
39,405,816
12,614,308
8,858,899
1,402,389
1,995,099
20,354,583
11.759,771
Supplies available for consumption (exclusive of stocks on
September 1):
1886-87.
Imports o f wheat.0Wt.S9,232,918
Imports o f f l o u r .. .....13,443,701
Bales o f hom e-grow n..27,599,345
1885-86.
1884-85.
36,338,953 40,297,833
10,681,795 13,381,502
35,360,384 34,587,903
1883-84.
39,405,816
I t , 759,771
34,434,868
T otal..................... 80,275,964 82,381,132 88,267,238 85,600,455
1886-87. 1885-86. 1884-85.
1883-84
Aver, price wheat.......week. 35s. Od. 32s. 2d. 34s. 6d. 37s. Od.
Aver, price wheat....... season. 32s. 9d. 30s. 6d. 33s. 2d. 38s. 1 0 d .
B a s lis h
F in a n c ia l
H a rlte ta — P e r G a b le.
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending June 24 :
London.
Silver, per o z . . . ..........d.
Consols fo r m on ey.........
Consols fo r aeeonnt.......
Fr’ch rentes (In Paris) f i
U. 8. 4i*s o f 18 91..........
O. 8. 4s Of 1907..............
Canadian P a c i f i c .......
Chic. Mil. & St. P a n l....
Erie,oom m on s t o c k ....
(llinols C e n t r a l...........
P ennsylvania................
Philadelphia & Reading
New York C entral_____
Sat.
Mon.
4315ie
4315j6
Tues.
io n ite 10111-6
10111x6
81-421«
11258
13178
6378
93%
34
137
57 3s
26
115%
101 Hie
81-421« 81*40
11268
13178
K
63 5e
08
94%
2
341«
o
136
W
5818
27
116
Wed.
Thurs.
Fri.
4315x6
101=8
101=8
81-35
1121«
1317a
6338
94%
34%
135%
58
27%
116
441x6
1019x6
1019ie
81-27%
112=8
131%
63
93%
33%
134
57=8
27
115%
44! ie
101%
101%
81-35
1123g
13178
63%
91%
3278
133%
57%
26
115%
®oromje*xtaI îtoâ
Imports and Exports for the W eek .—The imports o f last
week, compared with those of the preceding week, show an
increase in both dry goods and general merchandise.
The
total imports were $8,740,343, against $8,285,657 the pre
ceding week and $8,430,645 two weeks previous. The exports
for the week ended June 21 amounted to $5,572,962, against
$6,854,340 last week and $5,764,222, two weeks previous. The
following are the imports at New York for the week ending
for dry goods) June 16, and for the week ending (for gen
eral merchandise) June 17; also totals since the beginning of
the first week in January:
FOREIGN IMPORTS AT N E W Y O R K .
1885.
1886.
1887.
$1,410,315
5.815,787
*1,732,547
7,007,796
For Week.
1884.
Dry G oods.........
Gten’lm er’ d ise..
$1,546,243
7,335,648
T otal............
Since Jan. 1.
Dry Goods.........
Sen’lm e r ’d ise..
$8,881,891
$6,128,904
$7,226,102
$8,740,343
$54,034,294
154,016,816
$44,298,827
128,861,433
$53,691,327
146,919,950
$56,662,074
160,679,566
$922,726
5,206,178
Total 24 weeks. $208,051,110 $173,160,280 $200,611,277 $217,341,640
June 25, 1887.J
THE CHRONICLE
801
The following is a statement of the exports (exclusive of
Auction Sales.—The following were sold this week at
specie) from the port of New York to foreign ports for the auction by Messrs. Adrian H. Muller & S on :
week ending June 21, 1887, and from January 1 to dates
Shares.
Bonds.
SXPORT8 FROM 8 B W Y O R K FOR THB W E E K .
1884.
For the w e e k ...
Prev. reported..
1885.
$7,771,171
131,790,267
$6,971,919
146,528,282
1886.
1887.
$5,709,618
132,822,755
$5,572,962
134,140,989
Total 24 weeks. $139,561,438 $153,500,201 $138,532,373 $139,713,951
, ~ »w uvnu«
snows m e exports ana imports of specie
at the port of New York for the week ending June 18, and
“ nee January 1, 1887, and for the corresponding periods n
looo and 1885:
12
12
25
10
30
Bar k o f the State o f N. Y . 127
Merchants’ Nat. B ank___ 144%
Park Fire Ins. Oo............ 82%
L ong Island Ins. C o ........ 108%
Qaardian Fire Ins. C o .... 73
—: Bonds.
$9,000 Third Ave. RR. Co. 6s,
due 1880..................... 103ia & int.
D IV ID E N D S «
The follow ing dividends have recently been announced :
Exports.
Week.
Great B r ita in ,
F r a n c e .... ... .
German]
West!
M e x ic o .............
South A m e r ic a .....
A ll oth er oonntries.
T otal 1887.
T otal 1886.
T otal 1885.
Silver.
Great B r ita in . . . . . . . .
F r a n c e ........ . . . . . . .
G e r m a n y ..... . . . ....
Since Jan. 1.
Week.
Since Jan. 1
4,581
$71,248
11,457
968,101
2,324,606
172,007
105,745
2,000
1,931,245
374,554
4,560
$1,578,107
1,507,165
357,953
1,200,576
6,690
157,844
62,872
*112,826
1,237,755
43,947
$5,681,211
31,319,315
6,173,763
$176,567
11,988
27,659
$4,871,207
2,740,553
5,369,699
$ 68,000
$3,956,825
591,673
114,590
120,410
16,581
48,825
19,835
3,283
700
$57,397
800
146,665
351,155
54,296
189,701
179,038
$4,868,739
5,412,496
8,004,048
$3,983
12,142
73,357
$979,052
777,901
876,626
7,600
West Indies..........
M exico... . . . . . . . . . . .
Booth A m e r ic a .......
All other countries...
Total 1887..........
Total 1886..........
Total 1885..........
Imports.
»75,600
111,575
499,432
Of the above imports for the wees in 1887 $71,880 were
American gold coin and $2,500 American silver coin. Of the
exports during the same time $36,581 were American gold
coin.
F o m h g n T r a d e o f N e w Y o r k — M o n t h l y S t a t e m e n t .— In
addition to the foregoing tables, made up from weekly returns,
w e give the following figures for the full months, also issued
by our New York Custom House. The first statement covers
th e total imports of merchandise.
1887.
Month.
1886.
General
Merchan
dise.
Dry
Goodt.
Dry
Goods.
$
January.... 11,159,704 23,748,188 34,907,892
February.. 10,799,664 23,022,778 39,822,442
March........ 9,631,882 31,391,648 41,023,530
A p ril......... 8,287,994 82,856,900 41,144,894
May............ 7,606,068 30,018,836 37,620,499
EXFORTS FROM N E W YO R K .
General
Merchan
dise.
January.............
February.........
March...............
April................
M ay..................
1887.
1880.
»
$
9,410,104
12,070,425
12,816,725
8,560,330
7,089,337
23,389,735
20,621,316
26,364,401
28,613,389
24,775,053
39,799,899
38,091,741
39,181,186
37,179,719
32,404,990
Total.......... 122,121,054 120,106,907
Total...........
Bid. Ask.
East A West RR. of Ala. 26 >9 28
Edison Electric Light___ 220
Georgia Pac.—Stock........ 20
21
108 110
2de.................................. 54
57
2
10
15
75 %
Kan. City & Omaha......... . 13
18
lsts................................. 92
Kgelv Motor....................
15%
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
1 June
1 June
1 Juue
1 June
5 July
1
1 June
1 June
1 June
1 June
1 June
1 June
1 June
1
1 June
1 June
1 June
1
11
1 June
1
1 June
1 June
1
1 June
1 June
1 June
1
28
1
1
31
to July 28
to July 21
to July 2 0
to
■■
17 to Aug. 18
21 to July 1
----26 to
22
22
26
25
2
to
to
to
to
to
July 5
July 4
July 5
July 4
Ju ly 4
24
22
23
21
25
22
23
to
to
to
to
to
to
to
June 30
June 30
June 30
June 30
June 30
June 30
July 4
23 to June 30
24 to July 1
23 to July 1
23 to June 30
24 to July 4
25 to June 30
19 to J u u e3 0
26 to J une 30
23 to June 30
1
July
July! 15 July 1 to July 15
1 June 28 t o -----------July
July 15 July 1 to July 15
p a n iv iu g
an d
1887.
1880.
1
$
10,925,448
11,799,732
12,500,233
10,434,186
9,021,800
11,792,369
13,098,217
14,200,782
11,420,147
10,947,639
fin a n c ia l.
United States Government and other desirable
S E C U R IT IE S
FOB
A ll stocks and bonds listed on the New Y ork Stock Exchange bought
and sold on commission fo r cash.
Deposit accounts received and interest allowed on m onthly balances
subject to draft at sight.
HARVEY
28
FISK
& SONS,
N a s s a u St r e e t , N e w
Y ork.
61,457,094 54,681.39
—The interest due July 1, on different issues o f bonds of the
St. Paul Minneapolis & Manitoba Railway will be paid at the
office of the Company, 40 Wall Street. The quarterly divi
dend of 1% per cent on the stock will be paid August 1.
Unlisted Securities.—Quotations from both Exchanges:
SECURITIES.
1
1 June
20 July
20 July
1 M ay
1
1
5]
5
1 July
1 June
9 June
I N V E S T O R S .
A t New York.
Month.
January.............
February...........
March................
April...... ...........
May...................
Amer. Tel. & Cable C o.... 73
Atch. A Pike’s P’k. 1st 6s 105
Atla.A Char. Air L .,lst 7s
At.&Pac.-lstM,C.D.new6 101 104
Boat. H. T.& West.—Stk. 26
Brooklyn Elev’d—stock.. 40
1st mort................. ........ 109 110
2d mort........................... 87
89
Cape Fear A Yad.Val., 1st 93
95
Ches.&0., ser. B.iief. scrip
Chio. A Atlantic.—Benef.
8 7s 9
Chic. Santa Fe A Cal 5s.. 105 >4 106^«
Crncin. A Springfield.......
3
5
Cont.Cons. imp.Co.Tr.stk
57
60
60 >g
1
Dul. S. Shore & At.— Stk.
July
Aug.
July
July
July
July
July
July
July
Aug.
July
July
' And fifteen per cent in oominon stock.
CUSTOMS RECEIPTS.
23,723,616
22,314,321
23,204,084
24,596,455
26,268,431
24,476,387
22,294,833
28,865,160
23,207,903
23,770,711
R a ilr o a d s .
Cheshire, pref
3
Chioago R, I. & Pacific (quar.)___
1%
Chic. St. P. Minn. & Om. pref.......
3
Delaware Laok. & West, (quar.)
1%
Old C olony.........................................
3%
Oregon R ’ w ay & Nav. Co. (quar.)
1%
Pittsburg Ft. W. & Chio. (q u a r.)..
1%
*3
St. Paul & Duluth com ...........
do
do
p ref...........
3%
St. Paul Minn. & Man. (quar.)
1%
Vermont Valley o f 1871 . . . .
3
Worcester Na hua & R och ester...
3
R anks
Bank o f America
4
Bank of New York
5
Central National
4
Chatham National (quar.)
3
Continental National
3
4
East R iver National
4
Fourth National
H anover National
3%
Im porters’ & Traders’ National. ..
7
Irving N ational.........................
4
Leather Manufacturers’ National.
5
4
M arket...............................................
M ech’ nics. National........................
4
4
Mechanics’ & Traders’ ....................
Merchants’ Exchange N ational...
3
Merchants’ N ational........................
3%
Mount M orris...................................
3
Murray H ill................... .................
4
National Bank of Commerce.........
4
National B roadw ay......... ...............
8
National Citizens’ ............................
3%
National P a r k ................... ..............
4
National Shoe & L eather...............
4
North R iv er.......................................
4
O r ie n ta l...........................................
5
Peoples’ s............................................
5
Phenlx National...............................
3
Tradesmens’ National.....................
3
In su ra n ce.
Hamilton F ire..................................
5
M i s c e ll a n e o u s .
Equitable Gaslight (quar.)............
2
M exican Cen. Telegraph A T el___
2c.
Wells, Fargo & Co’s E xpress........
4
Books Closed,
(Days inclusive.)
$
I
Total Merchandise.
Month.
Total.
When
Payable.
P er
Cent.
Name o f Company.
______________ EXPORTS ADD IMPORTS OF SPECIE X T N E W Y O R K .
Gold.
$500 Centr. RR. o f New Jer
sey 6s, Conver. Deb. Bond
Sorip........................................ l l l i *
$ 6 2 1 5 Ohio & Miss. R ’ way
Pref. Stock S c r ip .............. $17'50
$25 Cleve. Col. Ginn. & Indi
anapolis Stcok Sorip.......... $7
SECURITIES.
Mex. NatConatruct’n Co.
Mich. A Ohio—1st M........
Bid. Ask.
37
loi*
58
39%
47
Equipment 7s................
N. Y. W. S h.& B __Stock.
North. Pac.—Div. bonds..
Pensacola A A tlantic....
Pitts. A West. RR., 1st M.
St. Paul E.& Gr. Tr., 1st 6s
Tol. & O. Cent—P r e f ......
FOR SALK BY
2%
97% 100
100
11
9
3Í
94
6*9
COFFIN & STANTON, Bankers,
10, 1 1 an d 1 2 M ortim er B u ild in g , W a ll S treet, N. Y .
^
1
3
5
, 0
0
0
C I T Y O F N E W M A Y E N , CONN.,
3 1-2 PER CENT BONDS.
109
27 Hi
90
%
88
50
West Va. R R .—1st, 6s...
West N. Car.—Con. M __ 99
iWin. A St. Peter—Ext. 7s
N O R T H E R N P A C I F I C 1 st M o r tg a g e 6 s ,
N O R T H E R N P A C IF IC 2 d M ortga ge 6s,
N O R T H E R N P A C I F I C . P e n d d ’ O rellle D i r ., 1st M o r t .6 « ,
S T . P A U L dc N O R T H E R N P A C I F I C 1 st M o r tg a g e 6 « ,
J A M E S R I V E R V A L L E Y (N o r th e r n P a c ific G u a ra n te e)
1 st M ortga ge 6 s,
H E L E N A S' R E D M O U N T A I N (N o r th e rn P a c ific G n a r«
antee) 1 st M o r t g a g e 6 s ,
S P O K A N E Sc P A L O U S E (N o r th e rn P a c ific G u a r a n te e
st M o r tg a g e 6s.
N o r th e r n P actfio R R . S ecu rities a S pecialty.
101
...
WE OFFER, SUBJECT TO SALE, $125,000 CITY OF NEW
Haven, Conn., Sewerage Bonds bearing date June 1, 1887, and payable
one-seventh In fifteen years from date, and a similar amount eaoh year
until paid. Interest payable semi-annually at the office of the City
Treasurer in New Haven. Denomination $1,000.
Price 101% and interest, netting Investor 3% per cent per annum.
GRISW OLD
&
G ILLE TT,
N o . 3 W a l l S tree t, N e w Y o r k .
802
THE CHRONICLE.
[V O L . X L I V .
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par; selling
premium; Charleston buying par@4 pre
Dividends will be fo u n d on the preceding page.
mium; selling 3-16@4 premium; New Orleans, commercial, 50c.
premium, bank, $1 50 prem.; St. Louis, 25@50c. discount;
W A L L S T R E E T , F R I D A Y , J a n e 2 4 , 1 8 8 7 - 8 P. M.
The Money Market and Financial Situation.—The neigh Chicago, 75c. discount.
The rates of leading bankers are as follows:
borhood of Wall and Broad streets was dull until Thursday,
when the news from Chicago was used for the purpose of
June 24.
Sixty Days.
sharply depressing stocks. This news, however, was much
Demand.
worse in rumors than in facts, and it was used by the bears for Prime bankers’ sterling bills on L ond on..
4 84
4 85ia
more than it was worth.
Prime com m ercia l..................................... 1 81 ¿¡4 81%
Documentary com m ercial........................... 4 8 0 V « 4 81
On Friday morning almost every one looked to see an Paris
(francs)...............................................
3-5 2318 5 21.1435 20%
improvement, as the dispatches from Chicago were reassur Amsterdam (guilders).................................. 5 323%
9 ?8 »3 H 5 ,„
4 0 l16 04018
94% ®94%
ing and the only bank there supposed to be in trouble had Frankfort or Bremen (reicbm arks)..........
95 09513
been helped over its difficulties. But instead of any im
United States Bonds.— The transactions in Government
provement there came on Friday one of the worst and most
artificial slumps in a few stocks that the market has ever bonds were very limited most of the week, the market main
witnessed, this break being helped by rumors that Jay Gould taining its dull and lifeless condition until Thursday, when
was dead, that he and his associates had quarreled, etc., etc. more business was done. Prices do not change much, though
the 4s and 4Js are a trifle lower than a week ago.
The notable weaklings were the three Gould stocks—Western
The closing prices at the N. Y. Board have been as follows :
Union, Missouri Pacific and Manhattan Elevated, and although
the effect on the rest of the market was necessarily bad, still
Interest June June June June June June
it was nothing like as bad as might have been anticipated,
Periods 18.
20.
21.
22.
23.
24.
and taken altogether prices showed much inherent strength
413s.
1
8
9
1
...
.
Q.-Mar.
*109% *109% 109 %| 1095s *109% i*109 3g
..reg.
and recovered rapidly from their decline.
413». 1891....... .coup. Q.-Mar. *109% 10 »% *109%|*10958 109% *10933
In reviewing the scene after the smoke has cleared away 4s, 1 9 0 7 .... ...reg . Q -J an . •*12838 *128% *128381*12-33 128381*128
4s, 1907.......... .coup. Q.-Jan. * 12.-*3g *12938 *129381*12938 129361*129
there are a few points which seem to be almost self evident:
6», cu r 'c y ,’ 95. ...r e g . J. & J. *12314 *123% *123% *123% *123% *123%
1. The extreme fluctuations were begun, continued and 6s, eur’ ey, ’ 96. ...r
e # - J. & J. *126% *126% *12 >% *126% *126% ¡*126%
6s,
cur’c j , ’ 97. ...r e g . J. & J. *12938 *12933 *129% 1*129% *129%|*129%
ended in the three dividend paying stocks above mentioned,
6s,
cut
’
ey,
’
98.
...r
J. & J. *132% *132% *132%|*132% *132%; 132%
Western Union going from 75$ to 68; Missouri Pacific from 6s, cur’ c y ,’99. ...r ee gg .. J.
& J. *13458 *13413 *134%|*134% *134%|*134%
104J to 92; and Manhattan Elevated from 156£ to 115 on such
* Tins is the price bid at the morning board; no sale was made.
sales as these after touching 150, v iz .: 149£, 180, 125, 120, 130,
State and Railroad Bonds.— State bonds have been quite
125, 123, 120, 115, 116, 125.
2. The decline in these stocks was either made with the active, a brisk business having been done in a number of the
consent and assistance of the three distinguished capitalists leading Southern issues. No important changes in prices have
who are known to control them, or it was made against their occurred, however.
The market for railroad bonds has presented no new features
consent and in hostility to them.
If it was made by
them it was certainly one of the boldest and sharpest of interest. Transactions have been restricted in volume, and
movements to break the stock market that has been no activity in any special class has occurred to relieve the mar
experienced in recent years.
If it was made against the ket of its dulness. The extreme inactivity of the stock market
distinguished trio, it was the most successful attack ever during most of the week will partially account for this dulness
made in a single day upon their favorite stocks. Our readers of bonds, and there is an indisposition to purchase bonds or
must judge for themselves which of the two alternatives here anything else. At the same time the market remained gen
erally firm until the extreme decline in the stock market oc
suggested is the more probable.
The money market was made exceedingly tight. The bank curred, when Erie 2ds, Atlantic & Pacific incomes, and a few
surplus is low, and large amounts have been sent West, so that a others of the usually speculative classes, declined a little in
money squeeze was possible, and brokers had to pay as high as sympathy, but many bonds remain about firm and a few have
improved slightly.
i to f per cent for their loans on stocks until Monday.
The open market rates for call loans during the week on
Railroad and Miscellaneous Stocks.—The stock market
stock and bond collaterals have ranged from 8 to 10 and 15
per cent and £ per cent a day (as below). To-day the rates has had a heavy and important decline during the past few
were as high as f of one per cent, but this rate was for money days, the dealings on Thursday and to-day having been large
till Monday, or equal to about ^ per cent a day. Prime com and attended with much excitement. An uncertain tone
has prevailed for a long time past, and while financial affairs
mercial paper is quoted at 5@5£ per cent.
The Bank of England weekly statement on Thursday showed have remained in a generally favorable condition, and con
a loss in specie of £400,000, and the percentage of reserve to servative authorities have been predicting an advance, the
liabilities was 47‘52, against 48'01 last week; the discount market has hung back, and has been irregular and fluctuating
rate remains unchanged at 2 per cent.
The Bank of France within a narrow range. The bears in the market have taken
gained 6,175,000 francs in gold and 7,125,000 francs in silver. advantage of the situation to depress prices, with the result of
The New York Clearing House banks in their statement of effecting some decline, and the fears of stringency in the
The
June 18 showed an increase in surplus reserve of $196,575, money market have added to the unsettled feeling.
efforts of the bears culminated in a very decided
the total surplus being $4,616,600, against $4,420,025 the pre
drop on Thursday,
which was really a sequel to
vious week.
as the most unsettling
The following table shows the changes from the previous the weakness of last week,
week and a comparison with the two preceding years in the influences were the reports and rumors in regard to
the condition of some of the Western banks. The failure of
averages of the New York Clearing House banks:
the Fidelity Bank of Cincinnati, as a result of the late collapse
in wheat, and the consequent rumors in regard to some of the
1887.
Diffr'nc's f r ’m
1886.
1885.
Chicago banks, gave the bears an opportunity to successfully
June 18.
Free. Week.
June 19.
June 20.
hammer the market. Added to this, money was bid up to 10
«
Ç
C
$
$
Loans and disc’ts. 368,373,800 Ino. 1,268,600 347,413,900 298,083,000 and 15 per cent, and even 4 of one Per cent a day was bid
Specie.................... 73,013,000 In c . 841,100 66,581,500 114,6 '1,300 to-day, giving color to the fears of a stringency in rates before
8,247,300 Dec.
1^,700
Circulation............
7,846,400
9.97^,800 July 1st. The sales were quite heavy and the declines very
Net deposits......... 372,347,100 I n o .1,381,300 371.708,700 371,751,200
Legal tenders....... 24.690.400 Dec. 219,200 42,057,100 40.727,000 sharp in nearly all of the leading stocks, though more pro
Legal reserve....... 93,086,775 I n c . 315,325 92,927,175 92,937,800 nounced in some than in others.
On Friday (to- day) came that extraordinary drop in a few
Reserve Reid......... 97.703.400 In o . 541,900 108,638,600 155,37t*,300
stocks which affected the whole list more or less, and which
Surplus...................
4,616,625'in o . 196,575( 15,711,425 62,440,500
we have commented upon at some length in the remarks above
Exchange.—A very light demand for sterling exchange has under “ Money Market, &c.”
prevailed all the week, and very little business has been done.
The story of the market before the decline of Thursday is a
In the early part of the week rates were firm, owing to the rather tame one. Business was very dull and the fluctuations
smaller supply of bankers’ and commercial bills, but later a were generally slight and unimportant, though some activity
pressure was felt from both these kinds of bills, and this, added was apparent in a few stocks under special influences. Read
to the prevailing dulness of the market and the tightness of ing was prominent and advanced to the highest point of the
money, created some weakness in rates. Posted rates were to year on statements in regard to a probable settlement with
day reduced Jc., to 4 84 and 4 85-J. There is some talk of the Schuyhill Navigation people. Buying was active and the
possible imports of gold in the near future, but rates mu; t be stock well supported. St. Paul & Duluth was active and
lowered somewhat before gold can be brought in at a profit.
fluctuated widely on rumors about the settlement with the pre
To-day the rates on actual business were as follows, viz.: ferred stock. Wheeling & Lake Erie was also active and
Bankers’ 60 days’ sterling, 4 83@4 83J; demand, 4 84f advanced quite sharply in the early part of the week. Pacific
@ 4 85. Cables, 4 85@4 85j . Commercial bills were 4 81^@ Mail was adversely affected by the recent Interstate Commis
4 82; Continental bills were: Francs, 5 23£@5 23f and 5 20f sioners’ decision and the new competition of the Canadian
@ 5 21J; reichmarks, 94&@94$ and 95; guilders, 39£©40 Pacific Steamers. Outside of these the market was not active
and 404@404.
and the changes in prices unimportant.
S lue I B ir a h m ' (SaA cttr.
THE CHRONICLE
J une 25, 1887.]
803
STOCKS-PRICES AT N. T. STOCK EXCHANGE FOR WEEK ENDING J U N E 9 4 , AND SINCE JAN. 1, 1887.
HIGHEST AND LOWEST PRICES.
STOCKS.
A c tiv e K it , S to ck s .
Atlantic & Pacitic....................
Canadian Pachte......................
Canada Southern......................
Central of New Jersey............
Central P acific..........................
Saturday,
June 18.
1458
62
60%
79%
38
145f
62
61
79 5j
38
8
12^
10*6
l)o
ls t p r e f. *11
*8
Do
2d pref
Chicago Burlington & Quincy
9Í3*
9Í
Chicago Milwaukee & St.Paül
Do
pref. 124% 1245i
Chicago & N orth w estern....... 121% 121%
Do
pref.
Chicago R ock Island &Pacific 132% 132
Chicago St. Louis & Pittsburg.
Do
pref.
Chicago St. Paul Min. & Om. .
11fi3a
62% 62%
ClevelandCol. Cin. & Indianap
31% 31%
Columbus H ocking Val.& Tol.
Delaware Lackawanna &Wesf 137 137%
30
30
Denver & Rio G., assessin’t pc
Do
prêf.
66% 66%
14
14
East Tennessee Va. & Ga. R ’y.
76
Do
1st pref. *74
26% 26%
Do
2d p r e f.
Evansville & Terre H a u te.. . .
Illinois Central................. 7___
Kingston « P em broke............
Lake Shore & Mich. Southern.
Long Island..............................
Louisville & Nashville............
122
42%
97%
97%
66%
122%
42%
98
97%
67%
Manhattan Elevated, c o n so l.. 156% 156%
Michigan Central....................
91%
92
17% 17%
Minneapolis & St. Louis.*..
Do
pref. *41% 43
Missouri Kansas & T exas.......
30%
30
Missouri P acific........................ 107% 107%
Mobile & Ohio...................
15% 15%
Nash v. Ch attanooga&St.Loui s 86 ■ 86%
New York Centrai & Hudson. 112 112
Do
pref., assented.
New York Lake Erie & West’n
Do
pref.
New Y ork & New E n g lan d...
New York Ontario & W est___
New Y ork Susq. & W estern...
Do
pref.
Norfolk & Western...................
Do
pref.
Northern P acific.......................
Do
pref.
Ohio & Mississippi...................
Oregon & T ran scon tin en tal..
Peoria Decatur & Evansville.
Philadelphia & Reading.........
R ichm ’d & West P ’nt Terminal
34%
33
34%
33%
56% 56%
18% 18%
11% 11%
34
34
20% 20%
51% 51%
32% 32%
60% 60%
31%
37
50%
36%
31%
37
51%
36%
Monday,
June 20.
14% 14%
62
62
61
61%
80%
80
*38% 39%
*6%
8
*11
12%
*8
10%
147 147
91% 915f
124% 121%
121% 122
*150% 151%
132% 132%
17% 17%
*47
49
53% 53%
1173.1 1173d
63% 63%
31% 32
138 138%
30
30
67
67
13%
13%
*73
76
26% 26%
95
95
47% 47%
*14 " 16
*26
28
123% 123%
*23
25
43%
43
98% 98%
97% 98
66% 67%
66
156% 156%
92
1173d
17%
*41%
30%
107%
*13
85%
112%
18%
34%
33%
71%
56%
18
11%
34
*20
51%
32%
60%
29%
31%
37%
52
36%
Rome Watertown A Ogdensb’g *89
91
*89
St. Louis <fc San F rancisco___ *41
41%
41%
Do
p re f___
80% 80%
80%
119
Do
1st pref *117% 119
St. Paul & D uluth.....................
92%
89
92
Do
p re f..............
112
St. Paul Minneap.~& Manitoba
119
32%
Texas & Paciflo, ass. p aid ___
32% 32%
Union Pacific...................
60%
60%
60
Wab. St. L. & P.,P. Com. repts.
19%
19% 19%
34%
Do
pref.
34% 34%
Wheeling & Lake E rie.......
56% 57%
57
m is c e lla n e o u s S to c k s .
Colorado Coal & Iron ..............
49%
49% 49%
Consolidated Gas Co...............
8234
82% 82%
Delaware & Hudson C anal... 102% 103
103
51
51%
51%
Oregon R ailway <&Nav. C o ...
Pacific M a il...’. .................
52%
51% 52%
Philadelphia Co., Nat. Gas___ 100 100
100
Pullman Palace Car C o..
Western Union T elegraph ...
77% 78% t76%
E x p r e s s S to ck s.
Adam s..................................
147 147 *143
American................................
112
United States............................
*67%
Wells, Fargo & Co.....................
*133
I n a c t iv e S to ck s.
Buffalo Roch. A Pittsburg___ *
70
*65
9
9
Central I o w a ....................
8%
Chicago & Ind. Coal R ’ w a y ...
*58
*92
82
81%
82
Cincinnati Wash. & Baltimore.
*4%
Do
pref.
8%
Lake Erie & W e ste rn ............
23%
22% 22%
Do
do
pref.
59%
58% 59%
Marquette Houghton & O n ...
22%
20
20
Do
pref.
94
94% 94%
Quicksilver Mining Co...........
*33 ’
St. Louis Alt. & Terre Haute..
44% 45%
45
20%
Virginia Midland......................
44%
44
*40
42 " *41
4.4.
44.
43%
26
24% 24%
69% 70 ” 71
Ontario Silver M ining............
Tennessee Coal & Iron............
38
38
38
V a r i o u s S t o c k s , A c . (Uni sted.)
Amer. Cotton Oil Trust..........
50
50
50%
Pine Line Certificates..............
62%
62% 63
Boston H. & Erie, new ............
5%
5%
5%
92%
93
118
17%
43
30%
107%
16%
85%
112%
18%
35
33%
71%
57%
18
11%
34
21
51%
32%
60%
29%
32
37%
52%
37%
Tuesday,
June 21.
14%
61%
60%
79
*39
*6%
12
*8
146
90%
124%
120%
*150
133
*17
*47
52%
62%
31
136%
29%
66
*13%
*74
26
96
47%
*14
*27
123
14% 1 14% 145*
61%
61% 61%
61%
60% 61%
80%
78% 80%
40
39
39%
8
* ()% .........
12
11% 11%
10
*8
10
146
145% 145%
91%
90% 91%
124% 124% 124%
121% 120% 121%
151% *150 151
133
18%
17
17
49
47% 47%
53
52% 53
115% 11 6
63
31% 30
31
137% 136% 137%
30
*29% 30%
66%
65% 66%
14
*13% 14
75
*74
77
26
*26
26%
96
47%
15% *14% 15%
28
*26% 28
123% 123 123%
43
97%
43
98%
66%
67%
*42%
97%
98%
65%
92
92
*91
93
x ll4 % 1 1 4 %
17% 17%
42% 42%
29% 30%
106% 107%
*13
16%
85
85
112% 112%
18% 18%
34% 34%
33
33%
71
71%
55% 56%
18% 18%
11% 11%
*33% 34
*20
21
51% 51%
32% 33
60% 61
31% 32
37% 37%
51% 53%
36% 37
90%
43
79%
119
91%
112%
118
32%
60%
20%
35
59%
Friday,
June 24.
13% 143s
60% 61
58% 60%
76
79
38% 38%
*6%
8
11% 11%
*8
10
144 144
88% 90%
122% 124
118% 120%
*149% 150%
131% 131%
*15
18%
45
46%
50% 52
114,31 1151«
61
61%
29% 30
135% 136%
29%
29
65
65%
13%
13
74
74
26
26
*93
96
47
*14%
*27
28
123 123
22
22
40% 42
96% 97%
98% 98%
64% 66%
64
156% 156%
90
*90
93
114% 114% *
17% 17% *17
40%
42
42
29% 29%
28%
106% 107% 104%
* 1 3 % ......... *13%
*84 " 86
84
112% 112% 111
18% 18%
17
34% 34%
33
32%
33
33%
69
72
72
50
54% 56
*17%
18
18
11% 11%
11
34
34
33
19
*20
21
50% 51%
47
33
33%
32%
60
61
61%
28%
30%
31% 32%
36% 37
34%
52% 53% 51
32%
35% 36%
70
*90
91
89
41
*41
42
77%
79% 80%
*117% 119% 117
92
94%
91%
111% 111% 110
*118% 120
117
30%
31% 32%
59% 60%
57%
19% 20
19%
34% 34%
33%
58% 59%
56%
Sales
o f the
Week,
Shares
Range since Jan. 1,1887.
Lowest.
113
71
*143
Ill
*67
136
*65
70
9
9
*56
60
*92
96
81%
*4%
5%
8%
8%
23
23%
59%
60%
22
22%
*91
94
*6%
7
33%
34
44%
45%
21
45
45%
*40
42
4334
26
71%
71%
25 "
38%
38%
50%
63%
5%
49%
62%
......... 145
113
70
68
136
70
9
60
95
146
69%
*65
70
*58
*92
60
95
5%
*4%
8%
8%
22%
23
60% 59%
22
22
94
7
*6%
33% .........
45%
45%
20%
45
44
42
5%
8%
23
60%
22%!
7
34
45%
20%
45
*144
*109
*68
*133
14
5,425 10% Feb. 1 15% June 1360%
3,610 59 June £ 68% Jan. 13
59% 18,825 52% Feb. 1 64% M ay 19
78
17,629 55% Jan. £ 86% Apr 13
38%
1,115 33 Feb. £ 4338 Apr 12
8
9% Jân. 8
7 M ay 2(
11%
783 10% Juño 24 17 Jan. 13
10
9 Mar. £ 11% Jan. 20
144
1.086 136% Jan. IS 156 M ay 17
89% 103,565 85% Feb. 1 95 May 18
122%
1,905 117% Jan. 8 127% May 17
119% 35,721 110 Feb. 1 127% Juñe 7
138% Jan. 2£ 153% June 7
149%
128
690 124% Mar. 18 140% May 17
16%
250 16 Feb. 1 22 Apr. 22
46
1,300 35 Jan. 27 52% Apr. 22
51
18,805 45% Feb. 1 54% May 17
114.1«
106 Feb. 1
60%
3,450 58 Juno 24 68 Apr. 11
30%
5.058 28% June 24 39% Jan. 11
135% 84,875 130 June 24 139% June 1
29
2,875 21% Feb. 3 32% Apr. 14
65
7,034 56% Jan. 24 6838 June 4
13%
2,344 1230 Mar. 14 17 Jan. 3
71
400 69% June 24 82% Jan. 13
25
1,957 21% Feb. 1 32 Jan. 3
93%
332 84 Mar. 12 100 Apr. 9
7,406 21% Feb. 4 62% May 7
*14% 15
12 Jan. 28 17 Apr. 7
*26% 28
26% May 26 28 M ay 31
120% 121
1,099 17120% J ’e 24 138 May 28
20
22
450 17% Feb. 4 27% Apr. 1
38% 40%
5,805 38% Mar. 24 47% Apr. 21
94% 97% 55,451 90 Feb. 1 98% M ay 19
*96
99
416 93 Jan. 15 99% May 1 4
63% 65% 46,327 57 Feb. 3 70% Apr. 14
62% 63%
1,500 58 Jan. 22 67% June 11
115 156% 24,380 115 June 24 161% Apr. 2 9
51 Jan. 27 64% Apr. 5
87
90
5,650 86 Jan. 27 95% May 19
94% May 18
90
112 112
1,310 98 Jan. 4 119 May 18
*17
18
350 17 June 14 20% Apr. 2
39
40%
1,420 39 Juné 24 48% M ay 31
26
28% 15,084 26 June 24 34% Apr. 9
92 105% 28,960 92 June 24 112 M ay 19
*13%
100 13% June 14 19% Jan. 8
84
83
2,500 79% Feb. 1 88% Jan. 3
110 111%
5,279 110 Feb. 1 114% May 19
17
4 035 16% Mar. 15 20% May 16
17%
31
34 "
4,820 27 Mar. 12 37% May 18
30% 3238 73,070 29% Feb. 1 35% Apr. 12
68
69%
2,250 65% Jan. 29 76 May 23
45% 513s 130,850 45% June 24. 66 Mar. 29
17% 17%
716 15% Feb. 4 20% Jan. 3
10% 11%
1,400 10% June 24 14 Feb. 14
30
32%
3,395 30 June 24 38% Feb. 14
15
1,835 15 June 24 233s Jan. 3
18%
4434 48% 13,725 43% Feb. 3 55% May 16
32
33% 33,094 26% Feb. 1 33% June 2 2
59% 60
13,583 56% Feb. 1 63% May 19
27
28
850 22% Feb. 1 32% Apr. 4
26% 31
16,925 26% Juno 24 35% Apr. 7
32% 36
6,970 30% Jan. 3 39% May 25
48% 51% 427,875 34 Feb. 1 53% June 22
33% 74,635 26 June 24 53 Jan. 17
26
68
70
533 68 June 24 87% Jan. 17
*88
91
1691 80 Feb. 8 95 Jan. 17
33% 39%
2,100 30 Jan. 27 44% M ay 26
72
78
6.570 61% Feb. 2 84% May 26
112
L12
770 112 Jan. 28 120 June 2
88% 92
16.009 55% Jan. 7 95 June 20<223 107 Jan. 10 114% May 23
110 110
114 117%
3,149 113 Feb. 1 120% May 27
30% 26,370 20 Feb. 3 35% May 23
25
56
57% 56,095 53% Feb. 4 63% May 18
17% 19
4,683 13% Feb. 1 223b May 6
32% 34
12,373 23% Feb. 1 38% M ay 18
52% 57% 21,745 52% June 24 63% Apr. 18
91%
92%
114%
41%
29%
106%
84
112%
18%
34%
32%
71%
54%
18%
11%
33%
20
50%
33%
60%
28%
31%
36%
52%
35%
70
89
41
79
117
94%
no
117
31%
59%
19%
34%
58%
*65
8
*58
*92
82
5
7%
21%
57%
20
•*9L
7
*32
44%
*40
42
25
L14
70
82
5
7%
22
59%
20 1
94
7
34
44%
42
43
25
25%
38%
25%
38
25%
38
36
37%
50
63%
49%
62%
5
49%
63%
5
46
62
4%
49%
63%
4%l
72
*144
113
*108
*67% 70
132 132
70
8
60
25%
Highest.
13
59%
56%
75
37%
*7
10%
*8
140%
86%
119
115
*148
127%
16%
40
49%
1131«
58
28%
130
28
62%
12%
69%
24
93%
49% 49%
49% 50
47% 49
45
49
50%
9,770 35%
82% 82%
82%
81
79% 81% 79
82
82%
7,362 79
.02
L03% 102% 102% 102% 103
101% 102% 100
9,856 100
1 0271 38
50
46
47
51%
48
101% 102 xlOO 34100% 97 LOO
98
99%
3,275 96%
48% 51
50% 52
50
50%
52% 50% 52%
65,275 48%
101 101
99% 100%
98
99%
LOI
99% 99%
2.620 97%
152k> 152% 150
1 138 139%
.52
155 155
67% 75 38 116,9201 67%
78% 76% 77%
76% 77% 74% 76%
* l'liese are the prices hid and asked; no sale was made at the Board.
43
98%
98%
66%
156% 156% 156% 156%
90
91
42% *41
79%
81
119
L19
90
95'
L12 *110
113
119
32
82%
60%
59%
19%
20
33%
34%
60%
58%
Thursday,
June 23.
Wednesday
June 22.
65
6%
65
6 3i
38 139%
1251 107
62
Í 1 7 1126%
30
480
82%
475
5*2
100
8
500
21%
3,120
58% 30,094
23
506
94
400
7
300
32
300
45
2,600
320
1,300
*40
42
3714 41
23% 24%
1,100
800
69
69%
200
2,685
36
31
82%
*434
*7
18
53
*20
*91
7
32 ’
*40%
39
60%
4%
1
7
24
1
1
8
7
4
24
53% M ay
89 May
1053a Apr.
54% Muy
105% May
5838 Apr.
115 Feb.
1593b May
79 Juñe
Jan. 4 148
Jan. 5 118%
Feb. 17 73%
Jan. 25 137
33% Jan. IS
6 «4 June 21
58 June 14
97 May 3
81 June 14
4%. Mar. 23
7% June 13
18 June 24
53 June 24
20 June 18
90 June 4
6 Apr. 22
28 Jân. 4
30 Jan. 8
20 May 6
31 Apr. 22
38 May 11
35% Feb. 24
23% June 24
62% Jan. 3
22 Jan. 4
31 June 24
22,565 39
47
623s 4,‘¡02,000 60
600
4%
t Lower price is ex-dividend.
Feb.
Jan.
Juno
Feb.
Feb.
Jan.
June
Jan.
June
June
May
May
Juñe
19
19
18
31
19
7
8
23
7
10
14
24
6
74% Apr. 6
15% Jan. 10
67% Apr. 19
99% May 18
104 Feb. 19
7 Jan. 13
10% Jan. 14
24% May 16
61 Apr. 29
30% May 27
100% May 27
8% Jan. 10
35 M ay 14
4 5 % Juñe 6
25 Feb. 12
45% June 2 0
49% Jan. 27
50 Apr. 27
32% May 23
72% Apr. 5
26 Feb. 25
54% Jan. 14
June 24 64% Jan. 3
Feb. 16 72% Jan. 11
......
U E x rights.
804
THE CHRONICLE,
[V ol.
XLIY,
BONDS-LATEST PRICES OF ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1887.
Railroad Bonds.
Closing.
J ’ne 17 7 ’ ne 24
Range since Jan. 1.
Lowest.
Highest.
Railroad Bonds.
Closing.
J ’ ne 17 J ’ne 24
Range since Jan. 1.
Lowest.
Highest.
34%
A tl. & Pac.—W. D. Inc., 6s, 1910 37 hi
25% Feb.
38% June
Mil. Lk.Sh. & W.—1st, 6s. 1921. 119 %b, 117 b 118 Feb. 122 Apr.
87%b 87%
Guar., 4s, 1 9 3 7 ..............
85% Mar. 90 Jan.
Michigan Div.—1st, 6s, 1924. I17% b
114 Jan. 121 May
Can South.—1st guar., 5s, 1908 108i6b 108 b 104% Feb. 109 J une
Incom e, 6s, 1911.....................
102
101% Feb. 107 Apr.
94 b 92%
2d 5 b, 1913.............. . .
90% Mar. 95% Jan.
Minn. & St. L.—1st, 7s, 1 9 2 7 ...
132 Jan. 133 Jan.
Oen. Iow a—1st, 7s, ’99, coup, oft 90 b 90 %b, 86 Feb.
94 May
Imp. & Equip.—6s, 1922.......
85 Apr.
90 Jan.
Central o f N. J.—1st, 7s, 18 00.. 108 b I08%b 105% Feb. 110 Jan.
Mo. K .& Tex.—-Con., 6s, 1920... 98
97
96% Feb. 102% Apr.
Consol. 7s, 1899, assent........... 117% 116% 107% Jan. 119 June
Consol., 5s, 1920....................... 85
84%
83%
Feb.
89% Apr.
Convert. 7s, 1902, assent........ 117% 116% 109 Jan. 118% June
Consol., 7s, 1904-5-6................. 112
113 1 109% Feb. 113% Jan.
Adjust. 7 s, 19 03........................ 10714b. 107 b 105% Jan. 108% June Mobile & Ohio—New, 6s, 1927 ..
112%a. 108% Feb. 114 Apr.
. Convert, deb. 6s, 1908............ 104 b 104
83% Jan. 105 June
1st, Extension, 6s, 1927..........
1<>7 b 104 May 107 June
lie ’ll & W .B.,con.7s, 1909,as’nt 11312b. 114 b 110 Jan. 116 Feb.
1st pref. debentures, 7 s ........... 52 b 54
54 June 63% Mar.
Am . D ock & Im p., 5s, 1921. .. 107 a.
99 Jan. 106% May
Mutual Un. Tele.—S. f., 6s, 1911 86 b 86
84% Feb.
89 Mar.
Central Pacific—gold 6s, 1898.. 117%
113% Feb. 118% Mar.
Nash. Ch. & St. L.—1st, 7s, 1913 132%a 132
128% Mar. 131 Apr,
114%b 111% Feb. 116 June N.Y. Central—Extend., 5s, 1893 104 b. 104
San Joaquin Br. 6s, 1900......... 116
104% Jan. 107% Apr
Land grant 6s. 1890................. 102i2b.
102 Apr. 105 Mar.
N.Y.C. & H .—1st, op., 7s, 1903 I35%b,
133% Jan. 137 May
Cbes. & O.—Pur. m. fund 6s, ’98
112 Mar. 115 June
Debenture, 5s, 1904.............. 110% i"io%a 106 Mar. 110% June
6s, gold, ser. B. 1908, coup, oft 73 b
71 May
81 Jan.
N .Y.&Har.—1st, 7s, 1900....... 132 a. 132
128%
May 133% Apr.
69 b 68 May
Extern coup., 4s, 1 9 8 6 ............ 69%
75% .Tan.
N. Y. Chic. &St. L.—1 st, 6s, 19 21.. 100%
99%
85 Jan. 101% May
6s, currency, 1 9 1 8 ................... 2513 a, 24%
24% May
32 Jan.
2d mort., 6s, 1923.....................
70
Jan.
99 May
99 a 96% Apr. 100 Feb.
Mort. 6s, 1911............................ 961s
N.Y. City & N o —Gen., 6s, 1 9 1 0 . 75%b 73%
65% Jan.
80 Apr.
105 b 101 Feb. 108% June N.Y. Elevated—1st. 7s, 1906___ 122%b,
Ches. O. &80. W.—5-6s, 1 9 1 1 ... 108
121% Mar. 123 Jan.
Chicago & Alton—1st, 7s, 1893. 117%b 117 b 115 Jan. 117 Apr.
N. Y. Lack. & W.—1st, 6s, 1921.
125% Jan. 128% Apr.
Chlc.Bur. & N or.—1st, 5s, 1926. 106 b 106 b, 104% Jan. 107% Mar.
Construction, 5s, 1 9 2 3 ..........
107 Feb. 110 Jan.
10713 107 %b, 106 Jan. 108% Apr.
Chic. Burl. & Q.—Deb. 5s, 1913 11
N. Y. Ont, & W.— 1st. 6s. 1914.. 110
109 b 107 Jan. 110% Feb,
D enver D ivis., 4s, 1922...........
98 a, 97 June 99 Jan.
N.Y.Sus. &W.—1 st,6s, ’ ll.o p .o fl
91% Jan.
95 Feb.
102 %
Chic. & Ind. Coal R., 1st, 5s, ’36
98% Jan. 103% June
Debenture, 6s, 1897, coup, oft
69 Feb.
77 Apr.
Ch.Mil.& St.P—1st, I.& M .7s, ’ 97 12113b
120% Jan. 122% Jan.
Midland of N. J.—1st, 6s. 1910 112
111 1 110 Apr. 115% May
130i2b
131
b
Consol. 7e, 1905........................
128 Jan. 130% June N. O. Pacific—1st, 6s, 1920........ 1 85
83
75%
Feb.
86% May
1st, So. Min. Div.—6s, 1910.... U 8i2b
115 Feb. 119% June North.Pacific—1st,coup.,6s, ’21 118
117%
15 Feb. 118% Apr.
1st, Chi. & Pao.W .Div—5s, ’ 21 108i2a 108 b, 106% Jan. 109 Jan.
Gen’l, 2d, coup., 1933............ 105
104% 103% Jan. 107% Mar.
Wis. &M in. D iv.—5s, 1 9 2 1 .... 106 b 105 %b 105% Apr. 108 May
James R. Yal. 1st, 6s, 1936. 109
106% Jan. 111 M ay
Terminal 5s, 1914..................... 105
102% Mar. 105% May
N. Pac.Ter.Co.—1st, 6s, 19 33..
105 %b 104 Jan. 107% June
Chic. & N. W —Consol. 7s, 1915 139% 139%a, 138% May 142 Jan.
Ohio & Miss.—ConsoL, 7s, 1898 118 b.
17% May 123 Apr.
123
a,
Gold, 7s, 1902...........................
128 June 133 Jan.
2d, consol., 7s, 1911................
irF'a 17 May 119 Jan.
Sinking fund 6s, 1929............. 118
117 May 120 Jan.
Springfield D iv.—7s, 1905 . . .
109 Jan. 112% Apr.
109
109
Sinking fund 5s, 1929..............
108 Jan. 110% Mar.
Ohio Southern—1st, 6s, 1 9 2 1 .. 102 l 104 b. 102 Feb. 111% Apr.
Sinking fund debent. 5s, 1933 110 b. 109 b 108% Jan. 110% Mar.
2d, inc., 6s, 19 21....... . .........
44
40 Jan.
50% May
25-year debent. 5s, 1 9 09........ I06%b, 106%b 106% May 109% Apr.
Oregon Iinpr. Co.—1st, 6s, 1910 98
97 a. 91 % Mar. 102% May
Chi. R. I. & Pac.—6s, coup. 1917. 133 b.
130 Jan. 135 Jan.
Ore. R .& N av. Co.—1st, 6s, 1909 112
111% 108 Jan. 112 May
lOOHb.
110%
E xten. & col. 5s, 1 9 34..............
108% Apr. 110% Feb.
Consol., 5s, 1925
102
101 b 100% June 106 Jan.
Ch. St.P..M.& O.—Consol. 6s. ’ 30 119%0. 120%b. 120% Mar. 124% May
Oregon & Trans con.—6s, 1922.. 98%
98
98 June 104% Apr.
St. Paul & S. C.—1st, 6s, 1919|1’25 b. 125 b. 124 Apr. 127% Jan.
Peo.D eo. & Evans.—1st, 6s, '20
110 Mar. 115% June
Ch.St.L.tfe Pitts.—1st,con. 5 s,’ 32 100 b. 101 a. 98% Jan. 102 Feb.
Income, 6s, 1920......................
81% Jan.
87 Apr.
I
l
l
a.
l l l % a . 107 Jan. 1 11 % May
C. C. C. <&Ind.—Gen. 6s, 1934 ..
Evansv. D iv— 1st, 6s, 19 20... 111 b
108 Mar. 112 Feb.
Col. Coal & Iron—1st, 6s, 1900.. 103 b. 105 a. 98% Feb. 104% June
Incom e, 6s, 1 9 20....... ...........
79% Jan.
87% Apr
80%
79
Col. H. Yal. & Tol.—Con. 5s, ’31
75 Mar. 88% Jan.
Rich & All.—1st, 7s, 1920, tr. rec 72 %b 66
66 Jan.
77 A pr
Gen. gold, 6s, 1 9 0 4 ................... 79 a. 75 b. 70 Mar. 91 Jan.
Riohm. & Dan.—Cons., 6s, 1915 114%
111% Mar. 114% May
120%b. 118% Feb. 121% June
Denver & R io G r.—1st, 7s, 1900
Debenture, 6s, 1927 ......... -.... 114 a.
106 Feb. 114 Apr.
1st eon. 48 ,193 6 ...................... 82%
«1%
76% Feb.
82% June Rooh. & Pitts.—1st, 6s, 1921__
114 Feb. 120 Mar.
Den. & R. Gr. W .- 1st, 6s, 1911. 82 a. 80 a. 79 Mar. 82 Apr.
Consol., 68, 1922.. ...................
108 Jan. 117 Apr.
Assented................................. . 75 b. 76%a. 73% Mar. 78 Jan.
Rome W. & Ogd.—1st, 7s, 1891. 108%
108% June 112% May
86
80 b. 68 Apr. 86% June
Den. So. Pk. & Pac.—1st, 7s, ’05
Consol., extend., 5s, 1922....... 102 a.
101% Apr. 104% Mar.
Det.Mac.<& M.—Ld.gr.3% s,1911 51%b. 50 b. 49% Feb.
S t Jo. A G d .Isl.—1st, 6s, 1925 . 104 b. 103% 103% June 108% Apr.
56 May
98%
98
E. Ten. V. <fe G. R y.—Con.,5s, ’56
2d, incom e, 5s, 1925 .............. 70%
98 June 101% Apr.
70 Mar. 75 Apr.
101 b. 02 J une 108 J an.
Ellz. Lex. & B. Bandy—6s, 1902.
St. L. A lt A T.H —1st, 7s, 1894. 115%b.
14 Jan. 116 June
E r ie - 1st. consol, gold, 7s, 1920 Í3 6 ” "
32% Mar. 137 June
2d, M „ pref., 7s, 1894..............
110
Feb. 112% June
Long Dock, 7s, 1 8 9 3 ................ 112%b. Il2 % b . 112% June 115 Mar.
2d., M „ ino., 7s, 1894...............
105 b. 105 May 108 Jan.
118%
118 %b. 115 Jan. 120 Mar.
Con. 68 ,193 5..........................
Dividend bds, 6s, 1 8 9 4 ............ 45 b.
35 Jan.
48 June
99
N.Y.L.E.&W —2d con. 6s, 1969
93% Feb. 104% May
St. L. Ark. <fc Tex.—1st, 6s, 1936 99 %b. 99%
98 % Feb. 102% Apr
Funded coupon, 5s, 1969. .. 92 b.
2d, 6s, 19 36.............................. 48%b. 49 a 48% June 55% Jan.
88% Feb.
95% May
90% "’ 88% Jan.
Ft. W. A D e n v .C . -1 s t, 6s, 1921 93
S t L. & Ir. M t —1st, 7s, 1 8 9 2 ...
98% May
110 Mar. 115 Jan.
Gal.Har.& San. A nt.—1st, 6s, '10 L08 b. 108 b. 106 Feb. 109% Mar.
2d mort., 7s, 1897. . . . ............ 112
112
109 M ay 114% Mar
2 d M ., 7s, 1 9 0 5 ....... ................. 107 b.
Gen. R y. & land gr., 5s, 1931. 95 a. 95
105 June 111 Jan.
94 Apr.
99 Jan.
94%a.
West. Division—1st, 5s, 1931.
S t L. & San F r .- 6s., Cl. A ,1906 Il4 % a .
93% June 100% Jan.
115% Jan. 115% Jan.
2d, 6s, 1931.............................
6s, Class B, 1906___________ _ 114%a.
92% Jan.
92% Feb.
114 May 117 Apr.
109
a.
106 b. 99 Jan 109 May
Gr’ nB. W. & St. P.—1st, 6s, 1911
6s, Class C, 1906.......................
115 a. 113% May 117% Apr.
2d income 8s, 1911................... 49 b.
Gen’l mort., 6s, 1931............... l l l % b .
38 Jan.
53 May
108% Feb. 115 May
Gulf Col.&San.Fe—1st,7s, 1909 125%b. 124 b. 120% Jan. 125% June
So. Pac., Mo.—1st, 6s, 1 8 8 8 ... 103%b. 103% 101% Jan. 104% Jan.
Gold, 6s, 1923............................ 106%a. 106 a. 101% Jan. 106% June S t Paul M. & M.—1st, 7s, 1909.
110% Jan. 118 Apr.
Henderson Br.Co.—1st. 6s, 1931 108 %b. 108 %b. 106% Mar. 110 Feb.
2d, 6s, 1909................................. 120 a.
118 Feb 121 Mar.
117 b. 112% Jan. 119% May
H. & Tex. C.—1st M. L. 7 s ......... 117
1st oous., bs, 1 9 3 3 ................... 119%b. 120 b. 118 Mar. 120% May
1st, West. D., 7s, 18 91.............. 115 b. 114 b. 08 Mar. 119% May
Do
reduced to 4%s 100 b.
98 Feb. 101% May
1st,W aco & N. 7s, 1963............. 115 b.
Shenandoah V al.- 1st, 7s 1909 108 a. 108 a. 96 Jan. 109 May
113 Feb. 119% May
2d, consol. M. L. 8s, 1912....... 109 b.
Gen’l mort., 6s, 1921................ 51 %b. 51%
94 Feb. 112 May
37 Mar. 55 May
72 %b. 66% Feb.
Gen. mort. 6s, 1921.................. 73%
So. Carolina—1st. 6s, 1620......... 96 b. 98 b. 96 May 107% Jan.
79% May
107%b. 107 Fe>. 108% Jan.
IU. Central—1st, gold, 4s, 1951 104
2d. 6s, 1931................................ . 71 a.
80 Jan.
65 M ay
Gold, 3%s, 1951........................ 97
95%
Ino., 6s. 1931............................ 20 a.
95 May
99 4 3 an.
19 Mar.
28% Jan.
123 b. 119% Jan. 124% Feb.
Ind.Bl. <feW.—lst,p ref., 7s, 1900 123
So. Pac., Cal.—1st, 6s, 1905-12.. 113%b. 1137$b. 110% Feb. 113 % May
lst,5 -6 s, 1909............................ 97
96
So. Pac., Ari.—1st, os, 1909-10 114%b.
91% Jau.
99 May
110 Feb. 112 Apr
2d, 5-6s, 1909............................ 86
77% Jan.
89% June So. Pac., N. M.—1st, 6s, 1911. . 109%b.
105% Jan. 110 June
96%a. 91 Jan.
Eastern Division—6s, 1921. ..j 95
Tex. & Pac.—Inc. & Id gr, 7s. ’15 60 a. 56%
98% May
55% June 66% Feb.
Incom e, 6s, 1921...................... 31%b.
Rio Grande D iv.—6s, 1930 ... 76%b. 75
30% Jan.
34% Apr.
64 Feb.
78% May
Int. & Gt.Nor.—1st, 6 s,g o ld ,’ 19 114%!>. 113 b. 112% May 122 Mar.
Gen. m o rt &term., 6s, 1905.. 68 b.
65 Mar. 72 Apr.
Coupon, 6s, 1909...................... 93%
Tol. A.A. & N. M.—1st, 6s, 1924. 98
92%
92% June 98 Feb.
89 Jan. 100 May
Kent. Centr.—Stamped 4s, 1911 76%b. 74
64 Jan.
76% June Tol. A. A. & Gr.Tr.—1st, 6s, 1921 108 a.
103 Jan. 109% June
K noxv. & 0 .—1st, 6s, gold, 1925 98 b. 98
Pol. Peor. & West—1st, 7s, ’ 17 . 109 b.
95% .Ian. 100 Jan.
104 Jan. 112 Feb.
L akeSh.-C on.coup.,1st, 7s,1900 129 a. 129
125% Feb. 129 June Tol. <fe Ohio Cent.—1st, 5s, 1935 99
99
95 Jan.
99% Jan.
Con. coup., 2d, 7s, 1903.......... 123% 121
Union P acific—1st, 6s, 1899___ 118%b.
122% Jan. 126% May
114 Jan. 119% Mar.
Long Island—1st, 7s, 1 8 98......... 121 b.
120% May 124 Mar.
Land grant, 7s, 1837-9______ 103%b.
102 Jan. 103% May
1st, consol., 5s, 1931............... 115 a. 114 a. 113 Feb. 115 Feb.
Sinking fund, 8s, 1893............ 115
115 Mar. 120 Feb.
Lou. & Nash.—Consol., 7s, 1898 118 %b. I18%b. 118 Apr. 121% Feb.
Kan. Paoiflo—1st, 6s, 1895___ 114%a.
111% Feb. 115 M ay
N. O. & Mobile—1st, 6s, 1930.
1st, 6s, 1 8 9 6 ............... ......... 112 b. I l l b. 111% Jan. 115 Mar.
105 Jan. 113% June
2d, 6s, 1930.............................
Denver D iv.—6s, 1899......... 115 b. 116 a. 114 Jan. 117% Apr.
90% Jan99% May
E . H. & N.—1st, 6s, 1919......... 114%a. 114%a. 115 Jau. 117% May
1st consol, 6s, 1 9 1 9 ____ . .. 103
103% 102% May 109 Apr.
General, 6s, 1930...................... 111% 112 a. 107 Jan. 114% May
Oregon Sh. Line -1st, 6s, ’22.. 102 % 102 %a. 100 May 107% Jan.
Trust Bonds, 6s, 1922.............. 107 %b. 107% 104% Jan. 109 May
Virginia Mid.— Ino., 6s. 1 9 2 7 ....
95 Apr. 99 Jan.
10-40, 6s, 1924..........................
Wab. St.L. & Pao. Gen., 6s, ’ 20 56 b. 53
98 Jan. 103 Apr.
60% May
49 Jan.
Lou. N. A. & Ch.—1st, 6s, 1910. .15
114
Chicago Divison—5s, 1910 . .. 101 % 100%
109 Jan. 115% May
89 Feb. 104% May
Consol., gold, 6s, 1916............. 98 %a. 97%
Wabash—Mortgage, 7s, 19 09.. 90 b.
93 Apr.
99 June
84% Mar. 97 May
Mem. & Ch’lston—6s, gold, 1924 105%b. 105 b. 101 Jan. 107 May
Tol. & Wab.—1st, ext., 7s, ’90
117% May
Metro. Elevated.—1st, 6s, 1908. 120
1st, St. L .D iv.. 7s, 1889....... 114 a.
120 b. 117 Jan. 120% May
106 Jan. 116 May
2d, 6s, 1 8 9 9 .............................. 108% 108
2d, extended, 7s, 1893.......... 106 a.
108 May 113 Apr.
99 Jan. 108 May
Mich. Central—1st, con., 7s. ’02
1-8 %a. 127 May 131 Apr.
Con., oonv., 7s, 1907............ 90 b.
84 Mar. 99 May
Miss’riP ao.—1st, cons., 6s, 1920 116 b. 116% 114% Feb. 119 Apr.
Great W est—1st, 7s, 1888___ 113 b.
109 Jan. 117% May
Sd, 7s, 19 06................................
2d, 7s, 1893............................ 105%a. 103
121 June 126 Apr.
99 Jan. 107 May
Pac. o f Mo.—1st, 6s, 1 8 8 8 .... 103%
St.L.K.0. & N.—R e& r.,7s,’95. 113
___
102 Feb. 105 Jan.
109 Mar. 113 June
2d mort., 7s, 1891................
West Shore—Guar., 4 s .
........ I104
108% Mar. 110 Jan.
104
103%. 102% Mar. 104% June
N ote The letter “ b” indicates price bid, and “ a” price a sked; all other prices and the range are from actual sales.
STATE
SECURITIES.
Bid.
Ask.
BON DS.
SECURITIES.
Alabam a—Class A , 3 to 5 ........1906 108% 109% Missouri—6s....... due 1889 or 1890
Class B, 5s..................... .....1 9 0 6
Asylum or University, due 1892
115
Class C, 4s,..............................1906
105
Funding..................... ..1 894-189 5
6s, 10-20.................................1900 106 109
New York—6s, loan..................1892
Arkansas—6s, funded.. 1899-1900
12
6s, lo a n ..................................1 8 9 3
7s, Little R ock & Fort Smith, iss. '34"
38
North Carolina—6s, o ld ............J&J
7s, Memphis & Little Rook, iss..
30
Funding act .......................... 1900
7s, Arkansas Central R R . . . .......
14
New bonds, J. & J ___ 1892-1898
Georgia—7s, g old ..................... 1890
Chatham R R ...................... .........
109
Louisiana—7s, co n s..................1914 100
Special tax, Class 1............ .........
Stamped, 4 s....................................
88 % 89
Consolidated 4s..................... 1910
Michigan—7s...............
1890
6 s ....................................... ...1919,
Bid.
106%
112
115
115
118
35
12
22
10
Id
120
Ask
SECURITIES.
Bid.
Rhode Island—6s, o o u .,1 8 9 3 -i8 9 4 116
6%
South Carolina—6s, non-fund. 1888
Brown consolidated 6 s .......1893 108%
62
Tennessee—6s, old .........1892-1898
Compromise, 3-4-5-6s........... 1912 72
New settlement—6 s .............. 1913 106
12 %
5s........................................... 1913
23
3 s ..........................................1913 75
48
Virginia—6s, old ................................
6s, consolidated bon ds.................
100
60
6s, consolidated, 2d series....... .
«a. deferred, trust- rec......... .........j 10
A sk.
7
110%
64
105
77
Junk 25, 1887.J
THE CHRONICLE.
805
BONDS—STOCK EXCHANGE QUOTATIONS ON FRIDAY OF INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Railroad Bonds.
Ask.
SECURITIES.
Ask.
M
00
E. Tenn. Va. A Ga.—1st, 7 s ... 1900 120 123
Pacific Railroads—( Continued)—
(Stock Exchange Prices.)
Divisional 5 s .......................... 1930 *110 112%
West. Pacific—Bonds. 6 s .... 1899
Atch. Top. & San. Fe—4%s ...1 9 2 0
E. <&W.of A la.,1st,con gld. 6s. 1926 108% 109%
No. Railway (Cal.)—1st, 6s. 1907
122
Sinking fund, 6 s ................... 1911
Eliz. C. & N.—S.f., deb., 6s. ..1921
Union P ac.—1st, 6s..............1896
«Beech Creek- 1 s t gold, 4s.......1936, 84
89
1st m ortg., 6 s .........................1920
.........................
1897
1st,
6s.......
Balt. & Onio—ls t6 s , Park B ..1919,
125% Erie—1st, extended, 7 s .......... 1897
1st, 6s......................... 1111 Il89S
118
6s, g old .................................... 1925 l i l i s
2d, extended, 5 s ....................1919 *117
Col. Trust, 6 s...................... 1908
R egistered..................................
3d, extended, 4 % s ............ I! 1923
Col. Trust, 5 s...................... 1907
Boat. H. Tun. & W.—Deb. 5s...1913
99^
4th, extended. 5 s................. 1920
118
O. Br. U. P.—F. 0., 7 s ...... 1895 107
Burl. Cedar Rapids & Nor—
5th, 7 s...................................... 1888
104
Atch. Col. A Pac.—1st, 6s. 1905
108%
le t 5 s ..................................... 19061 107
1st,- cons., fd. coup., 7s....... 1920 130
Atch.
J. Co. & W.—1st, 6s. 190;
Consol. & col. tr, 5s.............. 1934,
10Q
Reorg., 1st lien, 6s................ 1908
Ut. So.—Gen., 7 s .............. 1909
93
R egistered.........................
B. N. Y . & E.—1st, 7s.......... 1916 135"
Extern, 1st, 7 s ................ 1909
93%
Minn. & St. L .—1st 7s, gu .. 1927
N. Y. L. E. & W.—Col. tr., 6sl922
St. Louis & San Franoisco■Iowa C. & W e s t .- 1st 7 s .... 1909
Buff. & S. W.—Mortg. 6s___1908
90
1st,
6s, Pierce C. & 0 .........1919 *118
Ced. Rap. L F. & N., 1st 6s. 1920
107
Evan. & T. H.—1st, cons., 6S.1921 120 121
Equipment, 7 s ................... 1895 *101
1st 5 s.................................... 192.1
105
Mt. Vernon—1st, 6s...............1923
115%
Gen. m ortgage 5s..............1931 101 101 %
Buff. N.Y & Phil.—Cons. 6s. ..1921
Evans. & Indian.—1 st,c o n s ...1926
112%
Kan. City & S.—1st, 6s, g.1916
105
Trust certificates...........................
F l’t & P. Marq.—Mortg., 6 s ... 1920 120 %
Ft.
S. & V. B. Bg.—1st, 6s. 1910
109
General 6s............................... 1924
Grand Rap. & Ind.—Gen. 5 s ..1924
96
96%
St. L. K.&So.W n.—1st 6s. 1916
Trust certificates........................
R egistered.......................................
Tex. A P a c .- 1st, 6s............ 1905 1 0 9 % .......
Central I o w a Han. A St. Jos.—Cons., 6s.......i 9 l i 120
1st, 6s, ex coupon.......................
Eastern D iv is io n -1st 6s ..1912
72
Hous. E. & W. Tex—1st, 7 s ... 1898
Consol., 6s......................... 1905
Illinois Division—1st 6s....... 1912
111. Cent.—Sp. D iv .—Coup.,6s,1898 116%
Con. 6s, ex coupon..............
Chesapeake A O h io Middle D iv.—Reg., 5 s ....... 1921
113
Trust receipts.......................
101
68, gold, series A ................... 1908
106
C. St. L. & N. O .-T e n .l., 78.1897 120 121% Pennsylvania RR.—
Ches. O. & So. West.—2d 6 s ...1911
1st, consol., 7 s ....................1897 1 20
Pa.
Co.’s
guar.
4%s,
1st
o
p
..1921
106
107%
Chicago & A lton—
2d, 6 s.................................... 1907 118%
Pa. Co.’s 4%s, reg..................1921 *104 105
Sinking fund, 6 s ....................1903
124
Gold, 5s, co u p o n ................1951 116
Pitts. C. &St.L.—1st, op.,7s. 1900
Douis. & Mo. River—1st 7 s.. 1900 1221s
Registered...........................
R egistered.........................
2d 7s................................. ..1 9 0 0 117 118
Dub. A S. C.—2d Div., 7s ...1 8 9 4 115 120
2d, 7s.................................... 1913
Bt. L. Jack8.& Chic.—1st,7s. 1894 117
Ced. Falls & Minn.—1st, 7s. 1907
109
Pitts. Ft. W. & C.—1st, 7 s ... 1912 *141
1st, guar. (564), 7 s............ 1G94
120
Indianap. D. A Spr.—
2d, 7s.................................... 1912
141
2d mortg. (360), 7 s............ 1898
1st, 7s, ex. fund, coupon___1906
108%
3d, 7s.................................... 1912
136%
2d, guar. (188), 7s.............. 1898
Lake Erie & W ’n -1 s t, g., 5 s ..1937 102% 10 4
Clev.
& P .—Cons., s. fd., 7s 1900 128
M iss. R. Bridge—1st, s.f. 68.1912 *106
Lake Shore & Mich. So.—
4th, sink, fd., 6s..................1892 108
Chic. Burling. & Q u in c y Cleve. P. A A .—7 s .......
St. L. V. & T. H.—1st, g., 7s. 1997
122
Consolidated, 7 s ................. 1903
134% 134%
Buff. & E r.—New bonds 78.189 8 *....... . 122
2d, 7 s ....... .........................1898
5s, sinking iu n d .................... 1901
Kal. & W. Pigeon—1st, J...189 Ó .......
2d, guar., 7 s........................ 1898
Iow a D iv .-S in k , fund, 5 b .. 1919
Det. M. & T.—1st. 7 s ... ...1 9 0 6 .......
Pine Creek Railway—6s of 1932
Sinking fund, 4 s ................ 1919 99
Lake Shore—Div. bond! 78.189 9 .......
Pitts. Cleve. A Tol.—- ' ~S ...1922 *114
Plain, 4 s .................................. 1921
Consol., reg., 1st, 7s . ....1 9 0 0 ....... . 127
Pitts. Junction—1st, m ..........
....1.........
922
Chic. Burl. & N o .-D e b . 6 s ....1 896
Consol., reg., 2d, 7 s .. ...1 9 0 3 122 122% Pitts. McK. & Y .—1st, 6 s .....1
....1 9 3 2
Chi. R. Isl. & Pac.—6s, c o u p ..1917
135
Mahon’g. Coal RR.—Is5 5 s .193 4 *....... . 106% Rich. A Danv.—Assen. deb.,.68.1927
6s.
1927
94
R egistered....................................... 13012
Long Island R R .—
Consol, m ort., gold
....193*3 * 88
90
E xt. & Col., 5 s ................. . ..1 9 3 4 109%
S..189 7 .......
Atl. A Char.—1st, j
....1 8 9 7 *114
R egistered................... ................ 107
5 s .l9 3 5 .......
In com es..............L..............
Des Moines A Fort D.—Ist,4 s.l9 0 5
92
Louisville & NashvilleRich. & W. Pt. Ter’l. Trust 6s”
97
38.. l8
1897
97%
1st, 2*26....................................1905
7 *....... 110
...1
9
0
San
Ant.& A r a n s .-1st,6s,’85-1916
’85-1916 * 91%
Extension, 4s.................................
"*89*‘ i
...1 9 2 0 *....... 103
1926
1st,
6s,
1886...........................
*
91
Keok. & Des M.—let, 5s ..".".’19*23
110
...1 9 2 1 1151- ......... Scioto Val.—1st, cons., 7s.......
....11910
910
■Centr. o f N. J.—Interim bond certs,
99%
1 " 60
Coupons o ff........................
*......... 65
Chicago Milwaukee A St. Paul—
Nashv. A D ecatur1
121
S..190
St.
Louis
&
Iron
Mountain—
ti 1st, 8s, P. D ............................1898 130
8. A N. Ala.—S. f., 1
)
.......
...1 9 K
Arkansas
Branch—1st,
7
1895
s
..
*110%
2d, 7 3-10s, P. D ................. 1898
1231s 126
Louisv. C. A L.—6s
...1 9 3 ] .......
Cairo A Fulton—1st, 7 s .......
....11891
8 9 1 108%
1st, 7s, $ g.j R. D ................. 1902 130
5 p. c. 50 year go]
...1 9 3 7 101 102
Cairo Ark. A T .—1st, 7s___
....11897
8 9 7 *......... 115
1st, La Crosse Division, 7 s ..1893 1231s Í24"
Pens. & A t.—1st, 6s, gold .. 1921 .......
98%
St.
L.
A
lton
&
Ter.
Haute—
1st, I. A D ., 7s......................1899
125% 127
Lou. N. O. & Tex.—1st, 5s .. 1934 .........
Bellev. & So. HI.—1st, 8s.. ..1 8 9 6
1st, C. & M., 7s...................... 1803 130 135
Manhat. Beach Imp. Co.- rs.l90£ ........ 90
Bellev. A Car.—1st, 6 s .........1923
1st, 7s, I. A D. E x t............... 1908 *130
Mexican Central—1st, 7s. ...1911
St. Paul Minn. A Man.—
1st, S. W. Div., 6s................. 1909 117
E x coupons 6, 7, 8 ........ .
Dakota
Exten.—6 s ....
...1 9 1 0
1st, 5s, La C. & D a v .............1919 107
119
New a s s e n t e d ,4 s ........ .‘.\‘Í9Í"l
'¥ 4 "
Min’s Un.—1st, 6s.......
...1 9 2 2
1st, H. & D., 7 s ..................... 1910
Incom e b o n d s............ .
...1
9
1
]
24%
25
St.
Paul
A
Duluth—1st, L _ ...1 9 3 1 *112
1st, H. A D., 5 s...................... 1910
..1 9 0 2
108
Sodus B ay A So.—1st, 5s, g ..!l9
...1 922 4
Chicago & Pacific Div., 6 s ..1910 123
123
Tex. Central—1st, s. f., 7 s ___
...11909
909
79
80
Chic. & Mo. Riv. Div., 5s . ..1926
Coupon, 5 s ..............
...1931
1st mortg. 7 s .........................
1911
...1
9 1 1 * 78
Mineral Point Div., 5s..........1910 104%
Registered, 5s...............
..1 931
Tex. & N. O.—1st, 7s................1905
...1 9 0 5 *115
C. A L. Sup. D iv., 5s............ 1921 105
Jack. Lan. A Sag.—6s .
..1891 Í0 4
Sabine Division, 1st, 6 s.. .. .1912 *104
Fargo & South., 6s, A ssu .. .1924
lilwauk. & N orth.—1st,
.-191C *108%
Tol. St. L A K. C.—1st, g., 1______
Js.1916 97
Inc. conv; sink, fund 5s........1916
97
Extension, 6 s ................
..1913
107% Vir. Mid.—Genl. 5s.................
.1936
...1
936
86%
Dakota & Gt. South., 5s.......1916
Milw. Lake S. A West.—
1
W ab.St.L.&Pac.- Hav. D iv .-6
- 6 ss .’ 10
"Chicago & Northwestern—
104
Indianapolis
Div.—6s..........
1921
Extension bonds...........
1926
*
96
116
Detroit D iv.—6 s ....................1921
97
Escanaba A L. S.—1st, 6 s .!!l9 0 1 116
Minn. A St. Louis—
Cairo D iv.—5s........................ 1931
Des M. & M inn.—1st, 7 s ___1907
*
Iow a Ext.—1st, 7s
..1
909
118
Tol.
A W ab.-E q u ip . bd s.,7 sl8 8 3
Iow a Midland—1st, 8 s .........1900
138
..1891 * iö i
Quin. & Tol.—1st, 7 s.........1890
Peninsular-1st, conv., 7 s ... 1898
..1 910
Han. A Naples—1st, 7 s___1909
Chic. & Milwaukee—1st, 7s. 1898
Pacific E x t.—1st, 6 s ___[ ..1921
111.
& So. Iowa—1st,ex. 6s 1912 *......... 9 6 “
Win. & St. P .—2d, 7 s . . . ........1907
130% linn. & Pac.—1st mortg. 5 ..1 936
St. L. K. C. A N . Mil. & Mad.—1st, 6 s ............ 1905 117%
Minn. A N. W.—1st, 5s. erol -.1934 104 104%
Omaha
D iv.—Tr. Co. rec.1919 *
125
Ott. C. F. A St. P . - l s t , 5 s ..1909
iÖ9*
-.1911 *........ 96
Clarinda Branch—6s___1919
60
Northern 111.—1st, 5 .............1910
..1 890 *
108%
St.Charles B r’ge—1st,6s. 1908 *__
106
Cl. Col. Cin. A Indianap.—
-.1892
No. Missouri—1st, 7 s.........1895 *118
1st, 7s, s. f d ........................... 1899
122 %
.........
..1931
74 ......... V
Wab. St. L. & P ac.—Iowa D iv., 6s.
Consol. 7 s ..............................!l9 1 4
..1 920
Trust Co. re ce ip ts.........................
50
Consol, sink, fd., 7s ..." .” ” .1914
*120 ........ V
West. Union Tel.—Coup. 7 s .. .1900 *119% 120
Nash. Chat. & St." L.—2d', 6s' .1901 *110 111
R
egistered.......................................
119
Chic. S. P. A Minn.—1st, 6s.l91g *123% •125
N. Y. Central—6 s ................ .1887 100% L00% N.
* W. Telegraph—7 s .......... ...19*04
No. Wisconsin—1st, 6s.........193C *121% ¡128% N. J. June.—Guar. 1st, 4 s.. .1986 *104
105
V
Wheeling
& L. E., 1st M. 5s. .1926 *101 101%
Chic. & E. 111.—1st, s. f., c u r ..1907
Registered certificates...
......... T
Tenn. C. I .A R ’y .—C onsol.,6s. 1901
Consol., 1st, 6 s . . . ................. 1934 116%
N. Y. P. & O.—Prior lien, 61 Í895
South
Pitts.—1st,
6 s ............ 1902 *100 105
Chic. & W. Ind .—1st, S.f,, 6s!] 1911 ..... i i ’ó% N. Y. & New E ng.—1st, 7s. .1905
Bir. Div.—1st con. 6s............ 1917
88% 90
General mortgage, 6 ............ 1932
112%
1st, 6 s ...............................
c
Col.
A
Hock.
Coal
&
I.—6s, g ..l9 1 7
Chio. & St. Louis—1st, 6s....... 1915
N.Y. 8usq.&West.—1st,ref. 3.1937 93%
In com e B on d s.
Cin. I. St. L. & Chicago—
2d, 4% s............... . . . . . . .
74
(Interest payable it earned.)
1st, gold, 4 s ........................... 1936
97
N. Y. N. H. & H.—1st", reg. 9.1903
....... A
Atlantic & Pacific—
Registered..............
Northern P acific—
Central Division—Incom e.. 1922
Cin. Jack. & Mac.—Ist,g.,5s.i933
98 ........
Spok. A Pal.—1st, s. fd., ( .1936
L06% Cent.
C
Iow a—Coup, debteertf’s.
Col. & Green.—1st, 6s..............1916
St. Paul & N. P.—Gen., 6 .1923
L20
C
Chicago
A East 111.—Incom e. 1907
2d, 6s............. ....................... 192(3
R egistered......................
Des M. & Ft. D .—1st inc., 6 s.1905
Col. & Cin. Midland— ist, 6 s.. 1914 ■"95" i o o "
Helena A Red M’n—1st,g.,i 3.1937
.......
D
Det.
Mack.
& Marq.—I n c ....... 1921
DeL Lack. & West.—Conv. 7s 1892 111%
.1915
, ___ E
Eliz. City & Nor.—2d in c ......1 9 7 0
Mortgage, 7 s ..........................1907
.1931
.......
Ir
Í
l
6
Ind’ap.
Dec.
& Spr.—2d in c .. 1906
Syra. Bing. & N .Y .—1st, 7s. 1906
i'3'3%
.1932 .........] .14
Trust receipts................................
Morris A Essex—i s t ,7 s ..
1914 *Í38% 140
Imp. A Ext., 6s___
.1934
101
.......
L
Leh.
&
Wilkesb.
Coal................ 1888
2 d» 7 s . „ .......... .................... 1891 111
Adjustment M., 7 s........... .1924 107 . ....... M
Mobile A Ohio—2d pref. deben___
Bonds, 7 s...................
t unn
.1920
3d
pref.
debentures...................
-J
7s o f 1871........................... 1901
126%
.1898 118 .
4th pref. debentures......................„
1st, con., guar., 7 s ............ 1915 i'3 'é " 134%
1932
.......
N
92
.
.Y. L. E. & West.—Inc., 6 s..1977 70
DeL & Hud. Canal—1st, 7 s ... 1891 110
.1920
....... 0
Ohio Cent.—Min. D iv .-In o. 7s. 1921
1st, ext., 7s....... ......... .
lSQi
.1921
.. Oí
Ogdensburg & Lake Champlain
Coupon, 7s, ........................... 1894 *116
Ohio R iver R B .1936
98% 100%
In com e.....................................1920
Registered, 7 s.....................1894 115%
....... R<
.1937
Roch. & Pittsb.—In c o m e ....... 1921
60
Pa. Div., coup., 7 s.........1917 141
.1921
....... st
St. L.I.M. A S.—1st 7s, pf., int. acc’t.
Registered..............
.1910
....... sSterling
t
I. & R ’y, series B.—I n c .’94
Albany & Susque.—1st, 7s.. ¿888 105%
1927 *
86
Plain incom e 6s..................... 1896
1st, cons., guar., 7 s ...........1906
Í4Ó "
1921 * 111 . ....... Sh
Shenandoah Valley—Inc. 6 s.. 1923
16
R e g is te r e d .............
1921
*
75
F r e e L is t .
1st, cons., guar., 6 s .......... 1906 119% 120
Ct
Cumberland & Penn.—1st,6s.l891 102
R egistered..............
1895 *117 1
2d mort. 6s............................. 1888 101
Rens. A Bar.—1st, c o u p .,7 s .i9 2 i 141% 145
1896 *117 . ....... Er
Erie & Pitts. R ’ way con. 7 s ..1898
R egistered...........................
1897
*117
.......
Gí
Gal.
H. & H. o f ’82—1st, 5s.. 1913
Dec. Mack. & Mar.—1st, 6s.-..1921
1888 *103% . ....... Je
Jefferson RR.—1st, 7s............ 1889
D et B ay C. & Alp. - 1st, 6 . . . 1913
110%
1892 *105% 1 97
N. Jersey South.—Guar. 6s...l899| 102%
JZojpnoo F rid ay ; these are latest quotations made this week.
806
THE CHRONICLE.
New Y ork City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending J une 18, 1887:
[ Y o u XLIV.
Latest Earnings Reported.
R oads .
Week or Mo
1887.
1886.
Jan. 1 to Latest Date.
1887
1886.
Denv. & R io Gr. 2d wkJune
Denv. <&R. G. W. M ay ..........
Dea. Mo. & F t.D .hgt w k Apr
Det.BayC.&Alp.
M a y .........
Bankt.
Circular
Loans and
tion.
Det.Lans’gA No. 2d wkJune
Discounts.
,Tenn.Va.&Ga. 2d wkJune
Evans. &Ind’pli8 3d wkJune
$
$
$
45.000 Evanav. & T. H. 3d wkJune
10,990,000
New Y o rk ........... . 11,580,000 1.870.000 1,020,000
Flint & P. Marq. 2d wkJune
388.000 9.310.000
8.903.000 2.065.000
Manhattan C o.....
45.000 Fla.R. & Nav.Co. i at w June
901,700 7.016.800
6.873.700 1,013,600
Merchants’ ..... ...
6.592.000
611.000
¡.W.&Den.City 2d wkJune
7.896.000 1.281.000
Mechanics’,
422.600 9.376.100
Georgia Pacific..
America................ ! l j . ? 13.600 1.531.800
265,000 Gr. Rap. <felnd..
170.000 2.927.000
650.000
Phénix.................. I 3,153.000 3.977.200
836.000 11.065,900
City....................... , 9,363 900
"óò’ òb'ò Grand Trunk . . .
233.400 2.316.700
365.500
2,780.200
Tradesmen’ s.........
Gn.BayW.&St.P
92.700 1 453,400
294.800
F ulton...................
i»5§6,000
Gulf Col. & S. Fe.
721,900 21,597,800
Chemical............... 19,396.400 6.670.200
Rous.&Tex.Cent
99,100
3.583.C0U
353.400
529.100
3,295,100
Merchants’ Exch.
621,600
..Cent. (111.&8o)
4,299
200
297,70
872,P00
Gallatin National.1
, 6.866.P00
252,700
Cedar F.&Min.
66,500 1,905,200
395.300
Butchers’ & Drov. 1.979.700
2.122.000
298.000
104.000
Duh.&Sioux
C.
1.904.000
Mechanics’ & Tra.
2,600
168.400 1,291,400
133.200
1.288.000
la. Falla & S.C.
Greenwich............
536,300
246.600 2.340.100
387.300
8,116.000
Tot.
Iowallnes
leather Mannf’rs.
44,600
1.334.500
77.800
818.800
1.819.000
Seventh Ward......
Total all lines.
3.499.000
249.200
446,8001
4.078.000
State of N. Y ........
Ind. Bloom. & W.
14.169.000
Americ’n Exch’ge. 16.711.000 2.287.000 1.265.000
Ind.
Deo. & Spr.
959,100
13,078,100
1,026,700
2.956.900
Commerce............ 18.144.500
45.000 Jack. T. & K. W.
331.100 6.250.700
991.200
5.556.600
Broadway..............
854,900
7.734.600
.C.Ft.S.&Gulf.
482.500
1,363,50')
7.949.400
Mercantile............
162.200 3.217.800
362,400
Kan. C. Sp. & M.
3.062.300
P acific..................
69,200 Kan. C. CI. &8p.
294.300 9.005.100
8.197.600 2.070.800
Republic...............
45.000
328.400
4.912.500
983.200
4.539.400
K
entucky Cent.
Chatham...............
412.700
101.500 2.501.600
1.795,200
Peoples’.................
Keokuk & West.
120,613
118,470
148.800 3,850,300
561.700
3.081.400
North Am erica....
Kingston
& Pem
45,000
657.200 12.219.700
Hanover............... 10.904.500 2,801,600
a
Lake
E.
&West.
8ÌÒ‘,798
671,157
40,700
260.000
2.993.000
517.000
2.867.000
Irving....................
98,847
86,712
45,000 Lehigh& Hudson
172.100 3.390.700
706.500
2.886.700
Citizens’ ................
141.149
L.Rk.&Ft.Smith
3.148.900
288,800
365.200
2.717.800
Nassau..................
1,148,542
434,000
Long
Island----138.300
2.703.500
632.900
8.106.800
Market.................
121,177
59,300 1.836.100
303.300
La. & Mo. R i v . .
2,020.00t
St. Nicholas.........
446Ï700 Louis.Ev.&St.L
306.000 3.523.000
343.149
8.382.000 . 579,000
Shoe & Leather...
302.000 7.318.000
7.534.000 1.126.000
5,720,206
Loulsv.A
Nashv.
Corn Exchange...
45,000 Lou.N.Al.&Clüo.
918.900
660.100
6.598.900
4.610.000
706,158
Continental...........
292.600
358.000 2.807.000
2.200,100
Oriental................
629,798
980,000 Louisv.N.O. &T.
Importers’ & Trad 19,490,800 4.426.900 1.101.100 21.301.800
3,078,535
45,000 Manhattan E l ...
18.652.300 4,280.000 1.650.000 22.735.600
Mar.
&
No.
Ga
.
165.000
160.000 2.305.000
2.058.0001
North R iv er........
298,970
223,POO Mar.Hough. A O.
304.000
1.138.000
98.200
1,211.800
East River............
360,000 Memphis &Chas
556,239
Fourth National.. 13.040.000 3.673.600 1.087.000 18.314.000
45.000
1,693,760
977.000 1.094.000 8.854.00 >
Mexican Cent’i. 2d wkJune
5.270.000
Central National.,
42.000
806.000
262,000 4.808.000
237,688
Mex.N. (N. Div) May.
8.502.000
Second National.,
45.000
5.293.700
843.700
437,261
4.986.600 1,054,40
do
(So.Div.' h w j une
Ninth National...,
439,500
701,590
Fir st N atlonal.... 20 701,800 4 066.600 1.007.400 20.110.700
do
all
lines
I
M
ay............
834.700
475.000 4.681.100
4.543.500
865,072
Third National...
201,900 Mil.L.Sh.&West. 13d wk June
1,290,< 00
200.900
120.000
1.329.700
N. Y. Nat. E xch..
265,448
220,800
Milwaukee & No 2d wkJ une
402.200
208,000 2.379.400
2.401.600
B owery................
447,618
180,000 Minneap.&St. L. Ap r il.-----607.300
179.600 2.943.400
2.248.900
N. Y. County.
142,351
265.700
2,169,600
106.200
2.543.200
Minn.&No.West.
German-Amerio’n
45’,0ÒÒ Miss.
157.442
331.600 6.211.000
6.801.200 1 226,000
Chase National...
& Tenn.
6,487,905
924.500
96,900
3.959,800
3.787.600
Fifth Avenue......
Missouri Pacific.
462 400 8.068.500
181.700
826,42t
2.445.500
German Exch’ nge.
Mobile
&
O
h
io
..
103,100
875.200 2.730.700
902,663
2.492.100
Germania.............
45.000 Nash. Ch. &8t.L.
85,100 4.666.000
4.285.900 1.276.600
13l878|lli|l2,248,367
TJnited States......
N.Y.Cen.&H.R..
45.000
696.900
100,100
8,081,4 00
2.539.400
L in coln ..............
221,254
235,883
45.000 N. Y . City & No.
427.600
153.800 2.178.900
1.877.000
Garfield...............
5,972,7331 5,385,240
133,500 cN.Y. L. E. & W
317.700
163.200 1.765.900
1.582.400
Fifth National__
1,812,392
1,923,593
5.103,300
161.700
N.Y.Penn.& O
3.832.100 1.285.500
B ’k of the Metrop
1,313,135 1,173,194
297.800
256.200 2.361.000
2.057.7 00
W est Side............
42,600 N.Y. & N ew E ug
510,948
426.700
196.100 2.356.400
589,333
2,216,430
Seaboard ............
N
.Y .O nt.A W ...
173,900
419,730
178.100 2 352,200
510,416
2.007 200 395,400
Sixth National...
N
.Y
.
Sus.
&
W
..
408.800 3,407,000
666.500
1,293,622
5.710.900
1,688,859
Western National
N orfolk & West.
220,238
210,559
N’theastrn (S.C.)
366,373.800 73,013 0or 24.690.400 372.847.100' 8,247,300 Northern Cent’i.
2,031,519 1,702,628
T otal............
5,034,864 4,579,752
Northern Pacific
1,600,401 1,422,601
Ohio <ScM iss.......
RAILROAD EARNINGS.
QQQ 7Q(l
192,891
Ohio Southern..
763,676
1,100’ 661
Oregon Imp. Co.
1,849,578
1,829,750
Latest E arnings Reported.
Jan. 1 to Latest Date,
Oreg. K.<SeN. Co.
21,458,866 18,914,063
P ennsylvania...
R oads .
318,122
393,748
1886.
1887.
1886.
Week or Mo
1887.
Peoria Dec.&Ev.
1,158,380 1,008,644
Phila. & E rie—
5,398,617
6,600,505
$
tPliila. & Read’g
4,643,928 3,816,117
545,832
618,856
Coal & Iron Co
Allegheny V a l.. A p ril......... 163,606 148,891
537,754
757,811
A toil. T. <« 8. F . . M ay........... 1,547,805 1,198,173 7.543.845 5,688,614 Pitts. & West’ru
121,515
129,711
406.251 P’rtR oyal& A uJ
427,046
83,543
86,759
At lauta & Char.. A p ril.........
564,496
1,150,976
28,891
58,119
P’rtRoyal&W.C.
Atlantic & P a o . let w June
1,619,465
453,921
412,334 Riohm’d <teJL)anv.
115,711 109,821
Balt. & Potomac A pril........
564,841
51.900 1.186.472 1,132,277
50,500
Va.Midl’d Div.
Buff.N .Y.A Phil. 3 d wkJune
332,319
20.900
570,9
849,066
Char. Col. &Au.
Buff.Rooh.&Pitl 3d witJune1 49,676
282.577
49,522
1,148,45
1,256,507
48,887
Bur.Ced.R.&No. 2dw kJune
C ol.& G r.D iv..
196,115
13,966
254,450
313.759
14,945
West.No.C.Div
Cairo V. & Chic. 2d wkJune
35,300
677.085
26,544
Wash.O. & W ..
Cal. Southern... 2d wit Juno!
802,695
119,480 Rome W. & Og.
132,401
37,830
41,949
t Camden & A tl’c A p r il..
505,010
197,000
3,063,419
4,129,793
249,000
C an adian Pacific 2d wkJune
gt. Jo. &Gd. Is!
519.578
15,229
90.152 St. L. Alton&T. H
105,056
18,438
Cp.F’r&Yad.Va) M ay...........
298,625
Central o f G eo.. A p ril......... 387,596 403,335 1.998.473 1,873,91
Branokes........
662,950
3,405,411 3,023,294 St. L. Ark.&Tex.
Central o f N. J ... A p ril.........
1,868,064
523,292
94,301 108,492
500,987 St.L.&8an.Fran.
Central I o w a ... M ay...........
529,111
Central Pacific. M arch....... 1,115,960 954,726 2,635,364 2,432,096 Sc.Paul& Duluth
2,467,824
192,123
37,026
180,609 So.P.Min.&Man.
42,743
Charlest’n & Sav A pril........
201,959
358,491 307,293 1.670.845 1,497,019 Scioto V a lley ...
Chessp. & Ohio. M ay.........
240,921
385,417
63,128
80,124
326,06
S Uenan doah Val.
EUz.Lex.&B.8. M ay.........
458,591
684,380
607,661 South Caroliua..
134,411 113,692
Chea. O. A 8. W . M ay.........
715,7 55 612,64"“ 1,972.673 1,712,6
Chic. & A lto n ... M arch----So. Pacific Co.—
839,902
276,943
28,645
955,269
43,196
668,853
Chic. & Atlantic 31 wkJune
Gal.Har.&3.A A p rii,___
205.205
61,513
829,245
207,742
Louis’a West. A p rii.........
Chic. Burl. & No. A p ril.......
1,426,013
316,894
Morgan’s L&T A p r ii.......
Chic. Bur. & Q -. A p ril.........2,197,900 1,952,740 8,983,202 7,393,150
41,063
15,648
31,579
854.085
724,489
39,003
Chic. &East. 111. 2a wkJune:
N. Y .T . & Mex, A p r ii........
307,864
93,597
Chic. Mil. ASt.P, 3d wkJune 486,000 471,949Ü 0,569,000 9,978,549
Tex. <se N. Oci. Aprii........
2,823,798
766,594
Atlan’c syst’m A p r i i .....
Chic. & N’thw ’n A|pril......... 1,839,334 1,720,6171 7,531,470 6,713,2
6,603,614
Chio.St.L.&Pitts 4th w May l42 ,3o4 119,527 2,168,544 1,786,65
Paoilic system A p rii....... 2,119,190.1,758,525
9,427,412
2,553,673
Chio.St.P.M.&0. A p ril.........| 540,660 479,533 1,861,780 1,735,7“
A p rii------ 2,885,784
T o t a l .......
32,183
o -.<>1
ÌS.288
576,69
25,717
594,489
26,291
Spart.Un.&Col.. A p rii...
Chic. &W. Mich. 2d wkJune!
229,053
51,617 1,446,715 1,236,140 Staten
ü t.i+ o n T«
"R.ìì.i v TY TVfn.v
61,90 i
Cin. Ham.A D . . 13d wkJune
Is.Rap.Ti
2,095,893
44,800 1,161,302 1,098,501 Texas & Pacino
49,139
Cin.Ind.St.L.&C. 2d wkJuue
138.376
52,030 1,418.432 1,147,490 Tol. A.A.&N.M’b
60,393
Cin. N. o . <sT.P. 2d wkJuue
318,795
646.541
18,830
493,1TÉ
25,377
2d
wkJune
Tol.& O hio Cent,
Ala. Gt. South
339,192
8 ,(8 4
.287,881
276.443 t’ol. P. & W est.. ¡May
8,281
N. Orl. & N. E. 2d wkJune
6,9o5,437
223,814
7,170
6,168
219,486
A
p
rii.........
2,342,155
2d
wkJune
Vioksb. & Mer.
Union P a cific..
164.932
217,502
5,2,70
180,45
5,859
50,205
Vioka. Sh. & P. 2d wkJune
Valley of Ohio. ¡A prii.........
1,773,510
90,382 2,794.171 2,317,04
Wab’sh.E.ofMlst ¡3d wk Apr I ............
Erlanger Syst. 2d wkJune 107,080
2,354,258
172,690
7,610
155,451 Wab. W estern... 2d wkJune 128,867
7,187
Cin.Ricli.&Ft.W. 2d wkJuue
325.932
902,339
31,317
832.416 ’ West Jersey___A p iil...........
36,981
Cm.Wash.A Halt 2d wkJuue
100,372
248,170
222,603 Wil. Col. & Aug. A pril---- I 52,149
236,781
10,438
10,799
Clev. A kronÄ Col 2d wkJune
237,879
142,362
127,759
29,25*
31,290
W
heeling&
L
.E
.
2d
wkJune
15,488
M
ay..........
Clev. & Canton.
629.205
1,469,9
305,897 295,771 1,640,85
Wisconsin Oent’i 12d w k June
37,527
C lev.Col.C.* Ind M ay..........
91,521
23,909
127,061
112,83
22,486
Min. St.C.& W .|2dwkjum •
s*,e31
Clev. & Marietta M ay..........
75,271
133,728
119,290
6,858
6,129
Wis. & M inn..]2d wkJuue
20,061
Col. & Cin. Mid. 2d wkJune
1,046,463
167,788
817,
‘
189,509
Col. Hock.V.&T. M ay.......
'M
exican
c
u
n
>
t Including Branches.
28,3“ ‘
25,701
3,888
2,951
Col. & Rome ... M ay.......
«In clu d in g since Feb. 1st in both years the Ind. Peru &
85,600
80,383
18,239
19,501
D u »b ’y &Norwh M ay.......
1 Not including Central of New Jersey m eiuier •e a i.
c Not including earnings o f New York B eninyivama A Ohio.
j A nd Branches.
Average Amount of—
Net Deposits
Legal
other
Specie.
lenders. than U.S.
THE CHRONICLE.
Jura 25, 1887.]
fmrestmeut
AND
Uailwrad Intelligent*.
The I nvestors’ Supplement contains a complete exhibit of
the Funded Debt o f States and Cities and of the Slocks and,
Bonds o f Railroads and other Companies. It is published
on the last Saturday o f every other month—viz., January,
March, May, July, September and November, and is f u r
nished without extra charge to all regular subscribers of the
C hronicle . E xtra copies are sold to subscribers o f the
C hronicle at 50 cents each, and to others at $ 1 per copy.
A N N U A L R E P O R T S.
South Carolina Railway.
{For the year ending December 81, 1886.)
The annual report for 1886 just to hand states that the gross
earnings for the year show a decrease of $31,780 as compared
with 1885. This decrease is due partly to the earthquake of
August 31, but chiefly to the extreme smallness of the cotton
crop in the upper part of the State of South Carolina.
The expenses show an increase of $158,974 as compared with
1885, and include the following items : Repairs of earthquake
damage to track, buildings and equipment, $17,383; change
of gauge and consequent expense*, $74,480. The only ex
pense incurred during the year 1886 and not included in
operating expenses, has been for the purchase of ten locomo
tives of standard gauge, costing $80,000, of which $27,600 has
been paid during the year, and the balance is payable in 1887
and 1888. The expenses of maintaining the property for the
year 1887 will not be above the average of those immediately
preceding 1886. The bonds outstanding prior in lien to the
first consolidated mortgage have been reduced to $436,848.
Of these $184,500 are domestic bonds maturing January 1,
1887, July 1, 1887 and January 1, 1888, and will be extended
at 5 per cent to January 1,1892. The remainder will be paid
and canceled as they mature.
The following tables for four years have been compiled for
the C h r o n i c l e :
OPERATIONS AND FISCAL RESULTS.
Operations—
1883.
1884.
1885.
1886.
Freight (tons) mil’ge. 41,870,737 42,881,613 40,091,676 39.114.996
A v . rate ton |) m ile
2-35 cts.
2*12 cts.
2*04 ets.
2*03 ots.
E arnings —
$
$
$
$
P a s s e n g e r ................
302,292
279,769
279,143
284,205
F reight.........................
968,742
893,859
815,975
781,1*1
M ail, express, &C.......
55,935
59,664
56,722
54,674
Total gross earnings.. 1,326,969
Operating expenses—
Maint’nce o f w ay. &o.
190,048
M aint’nce o f equip’ t..
156,244
Trauspor’n expenses.
495,421
T axes...........................
52,381
1,233,292
1,151,840
1,120,060
147,3e2
155,242
490,283
57,681
158,162
142,043
475,296
48,183
215,794
167,238
*546,413
53,211
T ota l......................
N et earnings..............
P .c. o f op. ex. to earns
830,568
382,724
68 96
894,094
432,875
67*38
823,684
328,157
71*51
982,656
137,404
87*73
1885.
$
328.156
30,271
358,4a7
1886.
$
137,404
22,454
159,858
374,524
............
8,020
336,437
............
813
* Includes $39,803 fo r change o f gauge.
INCOME ACCOUNT.
Receipts—
N et earnings...............
Other receipts.............
Total net incom e..
1883.
$
432,875
13,890
446,765
I n ^ e s T o iT d e b t.........
Int. on incomes, 3 % ..
M iscellaneous.............
373,754
76,140
2,472
Total disbursem’ts..
452,366
B alance......................... def. 5,601
1884.
$
382.724
5,880
388,604
382,722
............
252
382,974
382,544
387,250
sur. 5,630 def. 24,117 def. 227,392
Wisconsin Central Railroad.
(F o r the year ending December 31, 1886. J
The annual report of the trustees of the Wisconsin Central
Railroad for 1886 relates to details of operation only, the re
port on the financial and corporate reorganization not being
fully completed. The total earnings were $1,565,312 and
operating expenses $1,182,079, leaving a balance of $383,232,
which pays the rentals, car service, license fees, taxes and
terminal charges. There was a gain in receipts over 1885 of
$53,567. Expenses increased $240,198. Mr. Charles L. Colby,
agent for the trustees, reports 1886 a year of extreme hard
ship for the property, because the St. Paul road refused per
mission to do business under the contract between Milwaukee
and St. Paul and Minneapolis, and declined to take business
from points which were competitive, except such as were
reached before the contract was made. This deprived the
Wisconsin Central of a very large part of its through business,
and reduced income without a corresponding reduction of
expenses. But for the relief afforded by the building o f the
Chicago Wisconsin & Minnesota roid into Chicago, a much
more unfavorable report must have been made.
“ The new lines which have at last transformed the Wiscon
sin Central Railroad into the middle part of a trunk line sys
tem between Milwaukee, S'*. Paul, Minneapolis and Chicago,
and brought new business upon it to supply the diminishing
traffic of north Wisconsin (now divided among competing
lines, where ten years ago we were the only railroad), have
been built without using any Wisconsin Central moneys, or
807
increasing its bonded debt, or issuing new stock, or creating
floating debt. The Wisconsin Central property has thus
received great benefits without any cost to itself, through the
voluntary action of other parties. Since the end of the year
1886 the earnings of your road have been largely increased,
and promise handsome returns for the coming year.” [The
C h r o n i c l e to-day, June 25, gives the gross earnings from
Jan. 1 to June 14 as $871,497 in 1887, against $629,205 in 1886.
“ The Penokee Railroad will be completed and ready for
business early in June. A very large business is awaiting its
completion, from which the Wisconsin Central Railroad can
not fail to derive a large and increasing revenue. In my last
annual report I called your attention to the value of the lands
in the northern part of this State which are owned by the
Wisconsin Central Railroad Company, and I stated that upon
some of these lands, located upon tne iron range, there had
been found some very good and valuable iron property; that
several leases had be* n given, and that the properties covered
by them gave promise of great value. I am able to state that
12 iron mines have been opened already upon lands the fee of
which is in the Wisconsin Central Riilroad Company.”
The substitution of steel rails for iroa has be n continued,
and in a year or two the work will be completed. General
Manager Finley says steel must be laid between Abbotsford
and Chelsea and between Mellen and Ashland during 1887.
The earnings, expenses and rentals of the Wisconsin Cen
tral Riilroad and all lines operated by the trustees during ths
past four years were as follows :
1S83.
P assengers................. . $460,127
921,698
Freight.........................
15.6 70
M ails....... ....................
20,940
E x p re ss........................
12,810
Sleeping car.................
13,549
M iscellaneous.............
Total gross earnings.. $1,447,798
Less oper’g expenses.
973,732
IP 84.
$435,746
91e,2 2
32.666
18,578
15,600
10,240
1985.
1886.
$380.896
$403,082
986,258
1,012,869
46,0161 I
.
16,925
18,660 \ 149,852
12,249 j1
$1,4 >9,075 $1,461,004
957,745
941.&81
$1,565,313
1,182,080
Net earnings............... . $474,065
Rentals, car service. 11
351,405
cense fee and taxes.
$471,330
$519,123
319,650
327,536
386,5.59
$12*2,660
$151,679
$191,5S6
def.$3,326
B alan ce..................
$383,233
The interest on bonded debt “ paid or set aside” was $230,511.
The expenditures for construction were $50,918, and for equip
ment $14,639, a total of $65,557. The percentage of operating
expenses was 75*51, against 64*47 in 1885. The land sales wete
17.251 acres for $56,093, and the total sales to date :
177,816*37 acres la n d ....................................................................... $554,687
92.863
2,212 town lots and 2 8 block s...................... ...................................
586,380 M pine stuinpage................................................................. 886,425
The face value of outstanding land contracts January 1,
1887, exclusive of interest due and accrued w as.................
$1,533.975
$110,442
G E N E R A L IN V E S T M E N T N E W S.
Railroad Net Earnings.—The following table shows the
latest reports of net earnings not heretofore published.
-----------May.----------,
Name o f Road.
1887.
1886.
Buff. jn. Y. & P hila....G ross
214.594 213,323
v 0,022
N et..
56,803
Pennsylvania..............Gross 4,865,040 4,178,580
N et... 1,841,592 1,472,702
,---------A pril.----------,
1386.
1887.
202,743 193,831
Cin. Ind. St. L, & C ...G ross
67,133
N et..
76,485
„---------March.---------,
1886.
Southern Pacific R R .—
1887.
95.997
Northern D iv. (Cal.) .Gross 141,261
59,162
N e t...
36,671
Southern Div. (Cal.). Gross 250,244 220,629
18,853
29,722
N et..
Arizona D iv .............Gross. 171,948 140,918
80,992
66,360
N et...
74,637
New M exico D iv ___Gi oss.
58,938
N et..
35,486
26,451
,— Jan. 1 to May 31.—,
1887.
1886.
1,03*. ,372
974,077
131,7 64
15U.151
21.458,866 13,914,063
7,222,924 6,318,491
,— Jan. 1 to A pr. 30.—«
1897.
1886.
850,294
817,203
337,415
307,946
f—Jan. 1 to Mar. 31.-%
1887.
1886,
335,815
248,174
108,686
85,112
792,232
708,805
175,22*2
213,684
417,890
415,112
169,904
216,516
175,346
171,827
71,509
83.653
Boston & Maine—Boston & L ow ell—Manchester &
Lawrence.—At the meeting of Boston & Maine stockholders,
June 21, they voted by large majorities to lease the Boston &
Lowell and Manchester & Lawrence roads.
The directors
were also authorized to subscribe for as many shares of stock
as they saw tit in the York Harbor & Beach Railroad, now in
process of construction at York Beach, Maine.
The Boston & Lowell stockholders voted to accept the acts
of the Massachusetts Legislature authorizing an increase of
stock mainly for certain terminal property and improvements;
and also voted to approve the lease for 99 years to the Boston
& Maine Railroad on the terms agreed upon by the directors.
The Manchester & Lawrence stockholders voted to lease
their road to the Boston & Maine for 50 years at a rental of 10
per cent on the stock.
Buffalo New York & Philadelphia.—The gross and net
earnings for May, and from Oct. 1 to May 31, were as follows :
<----------- M ay.-------------.
1887.
1886.
Gross earnings..............$214,594
$213,323
Operating expenses.. . . 157,786
193,301
Net earnings............
$56,8o8
$20,022
,— Oct. 1 to M ay 31.— >
1886-7.
1885-6.
$1 ,66 s,233 $1,630,287
1,496,225
1,302,434
$17*.003
$327,853
Cincinnati Hamilton & Dayton—Dayton F ort Wayne &
Chicago,—Mr. Henry S. Ives is reported as speaking of the
new status of affairs as follows :
“ The standard-gauging of the Dayton & Ironton and the
Dayton & Chicago, now known togetner as the Dayton Fort
Wayne & Cnicago, will let the Baltimore & Ohio into Toledo,
\
THE CHRONICLE.
808
Dayton, Hamilton, Indianapolis', Terre Haute, St. Louis and
Fort Wayne, cities which they could never reach before.
“ What we have already done for the C. H. & D. has in
crease d the gross earnings from $50,000 to $60,000 per month.
Granting that the additional expenses were 50 per cent, which
they will not be, this would make the net earnings $300,000
per year more than the present net earnings, which last year
were $637,000. Adding the $300,000, makes $937,000. This
over all interest charges and the dividend on preferred stock.
“ The article in the *Commercial Gazette saying that we
propose to assume the interest on the bonds of the Dayton
Fore Wayne & Chicago to the extent of $7,500,000 is an error.
On the contrary, the total of those bonds will be but $5,500,000,
of which one million will be reserved for the building of the
Fort Wayne extension. Thus the total fixed charges on this
line, as at present constructed, will be but $4,500,000, or about
$200,000 per year, or a total fixed charge of about $700 per
mile, which is the lowest in the State of Ohio, if not in the
entire West. This is after the additional money derived from
the sale of bonds has been expended upon the road.”
—The C. H. & D. stockholders have elected J. K. Cowen,
General Counsel of the Baltimore & Ohio, to succeed L. S.
Winslow, of Cincinnati, in the directory, and J. H. Wade,
President of the Bank of Commerce of Cleveland, to succeed
W m. Proctor, of Cincinnati. The following propositions were
unanimously adopted :
First. To construct or lease a branch line from its main line
at or near Hamilton, Ohio, to Middletown, Ohio, and thence
connecting with the main line north of Middletown, and the
issue or guaranty of $500,000 bonds, to bear not exceeding
per cent per annum, payable semi-annually by this com
pany, for that purpose.
Second. To lease for nine hundred and ninety-nine years,
renewable forever, the railroad and depots of tbe “ United
Railways Terminal Company of Cincinnati,” guaranteeing as
rental therefor the payment of 4J^ per cent per annum, pay
able quarterly, on $250,000 of first preferred stock of said
Terminal Company.
Third. To modify the resolution adopted by the stockholders
September 16, 1886, so that the preferred stock authorized for
the redemption of bonds and guaranteed stocks may be used
for the general purposes of the company so far as such use is
authorized by the laws of Ohio.
The last, proposition, which refers to $10,000,000 of preferred
stock, is supposed to be for the purpose of carrying out the B.
& O. deal, and Mr. Cowen’s election to the directory is also in
that interest.
—Articles of consolidation of the Dayton & Ironton and
Dayton & Chicago railroad companies, under the name of
Dayton Fort Wayne & Chicago, have been filed in Ohio. The
capital of the consolidated company is $15,000,000.
Cincinnati Indianapolis St. Louis & Chicago.—Earnings,
expenses and charges for April, and for ten months of the
,— July 1 to A p r i l ' 0.----/—— —A pril— .....
1886-7.
1885-6.
1886.
1887.
$193,831 $2,249,289 $2,041,046
$202,743
1,244,4 5
126,258
1,356,975
126,698
Operating expenses..
Fixed charges
$76,485
50,Gu0
$67,133
50,000
$892,314
500,000
$7 6,62 i
50o,0o0
$26,485
$17,133
$392,314
296,621
Colorado Midland.—This standard gauge road is in rapid
course of construction between Colorado Springs and Eik
Creek, Colorado, a distance of 233 miles, and branch to Aspen,
17 miles. The whole distance is graded and rails are laid to
Granite, 110 miles from Colorado Sptings. The road is
expected to be ready for operation by August 1st toLeadville.
The mortgage upon the property is for $6,250,000, being at the
rate of $25,000 a mile, the interest is six per cent and running
fifty years. The following constitute the board of directors: S.
S. Sands, W . D. Sloane, J. B. Wheeler and J. R Busk of New
York; T. M. Davis, Newport; J. J. Hagermao, Henry T. Rog
ers, D. B. Robinson, O. Metcalf and Chas. A. Lansing, Color
ado Springs, and Henry I. Higgins, Leadville. Mr. J. J'
Hagerman is the President.
Connecticut State Bonds.—At Hartford, June 20, pro
posals were opened for the new 3 ^ per ctnt $1,000,000 loan
o f the State, due in ten years, and payable earlier at the option
of the State Treasurer. An award was made of $500,000 to tbe
JEtna Life Insurance Company at $103 27, and the second
$500,000 to the Williamsburg Savings Bank, at Brooklyn,
N. Y ., at $102 55. The total bids were nearly $7,000,000.
Denver & R io Grande.—The Denver Republican says of
the improvements by this company: “ The Denver & Rio
Grande has entered upon a scheme of improvement and ex
tension of its system which will involve an expenditure of
$6,000,000. It will lay a third rail from Pueblo to Leadville
and Red Cliff ; build a three-i ailed track from the end of its
Eagle River line to Glenwood Springs; build a narrow-gauge
road from the latter point to Aspen, and a broad-gauge to
Grand Junction. It will build a branch from Montrose to
near Ouray, and straighten its track in a number of places
between Pueblo and Leadville. It will also lay a third rail to
Trinidad.
By laying a third rail from Pueblo to Glenwood Springs,
and by building a broad-gauge track from Glenwo d Springs
to Grand Junction, the Rio Grande will secure a splendid line
for transcontinental business. It is in this connection pre
sumed that a third rail will be laid on the Rio Grande West
ern to Ogden.
[V O L . X U V .
F lorida Railway & Navigation Co.—Judge Settle at Jack
sonville, Fla., kas ordered the sale of this road to take place
on the first Monday in November. On June 20 the company
will formally open for passenger traffic its new extension to
Plant City, Fla. That portion of the line from W ildwood to
Plant City will be known as the Tampa Division of the Flor
ida Railway & Navigation system, making only 61 miles
between these points. It shortens the distance from Jackson
ville to Plant City or Tampa over all other routes 30 miles,
and Callahan to Plant City or Tampa 49 miles.
F ort W orth & Denver City.—At Fort Worth, Tex., June 22,
the stockholders of the Fort Worth & Denver City Railway met
and granted the directors the authority to increase the capital
stock to $20,000,000, if they see fit to do so. The stockholders
also granted the directors authority to operate the Denvtr
Texas & Gulf Railway in connection with the Fort Worth
& Denver, when that road is completed.
Illin ois Central.—A meeting of the stock! olders of the
Illinois Central road was held at Chicago for the purpose of
voting on the proposition presented by the board of directors
to increase the capital stock by $10,000,000, so as to provide
means to pay for 46,000 shares of the stock of the Iowa Falls
& Sioux City Railroad Co. at $50 per share, or $2,300,000 in
all; also 50,000 shares of the stock of the Dubuque & Sioux
City Railroad Co. at $S0 per share, or $4,000,000; the remain
der to be applied to the completion of the Chicago M dison &
Northern road from Chicago to Freeport and thence to Madi
son, Wis. The meeting voted to increase the stock as recom
mended by the board of directors,
Keokuk & Western.—Wabash, Iow a Division.—Hold
ers of the Metropolitan Trust Company’s receipts for Iowa
Division Wabash St. Louis & Pacific Railway Company’s
bonds are notified that on and after July 15, 1887, the receip’s
will be exchanged for stock in the Keokuk & Western Rail
road Company, upon presentation at the office of the Metro
politan Tiust Company, 35 Wall Street, New York.
New York Stock Exchange.—At the regular weekly meet
ing of the Governing Committee of the Stock Exchange th e
following named securities were added to the list:
St . L ouis A rkansas & Texas R ailw ay .—$1,430,000 first
mortgage bond certificates, making total amount listed to date
$11,804,000.
D es Moines & Fort Dodge R ailroad .—$672,000, 4 per cent
extension bonds.
Chesapeake & Ohio R ailw ay .—$607,350 second preferred
stock, making total amount listed to date $10,986,700.
Fort W orth & D enver City Railw ay .—$400,000 first
mortgage 6 per cent bonds, making total amount now on the
lit-t $5,216,000; also $500,000 capital stock to be added on July
15 next, making the total amount listed to that date $4,820,000.
Northern Pacific Railroad .—$400,000 first mortgage 6
per cent gold bonds, issued on seventeen miles of new road in
Montana Territory.
St . L ouis I ron Mountain & Southern.—$2,854,000 general
consolidated railway and land grant 5 per cent gold bonds,
making the total amount listed $38,201,000,
B rooklyn & Montauk R ailroad .—$1,000,000 first mort
gage bonds bearing six and five per cent, to be placed on the
free list.
Central R ailroad Company of v' ew J ersey.—$12,000,000
Interim bond certificates to be a delivery until the new en
graved bonds are issued.
Cincinnati I ndianapolis St . L ouis & Chicago R ailw ay .—
$3,000,000 additional capital stock, making the total amount
listed $10,000,000, and the whole amount to placed on the
regular list.
L ake E rie & W estern Railroad.—$5,920,000 first mortgage
5 per cent gold bonds.
Cincinnati J ackson & Mackinaw R ailroad.—$1,400,000
consolidated first mortgage 5 per cent gold bonds ; also
$8,820,000 common, ai d $4,680,000 preferred stock.
Milwaukee & Northern Railroaix—$378,000 first mortgage
6 percent bonds, to be added to the amount already listed,
making the total listed to date $1,976,000 ; also, that on July
23, 1887, $1,994,000 capital stock be added, making total
amount of stock listed at that date $4,131,000.
Omaha & St L ouis Railw ay .—$2,717,000 first mortgage
4 per cent bonds, and$1,220,500 preferred stock. This is a
reorganization of the Omaha Division of the St. Louis K.
G. & Northern (Wabash.)
Ogdensburg & Lake Champlain.—The annual report of
the Ogdensburg & Lake Champlain Railroad Company for
the year ended March 31, 1837, shows results of operations as
follows :
1886-7.
Gross earnings. ............................. .....................'..$683,213
Operating expenses........................—....................... 454,013
Net earnings............................. ................. ............. $229,$00
1885 0.
$562,772
339,327
$223,444
The report remarks that the fixed charges have all been
promptly paid and the net earnings have been sufficient to
pay the interest on the first mortg ige, sinking fund and con
solidated mortgage bonds. The balance sheet March 31, 1837,
was as follow s:
Assets—Cost of road and eqir'pment, $7,568,039; sinking
fund bonds investment, $10,000; real estate, $14,550; im
provements, $8,988; Central Vermont Railroad Company,
lessee, $27,272; total, $7,628,850.
Liabilities—Capital stock, $3,077,000; preferred stock, $500;
THE CHRONICLE
J une 25, 1887.]
sinking fund bonds, $380,000; first mortgage bonds, $600,000;
consolidated bonds, $2,629,650; income bonds, $999,750; divi
dends on preferred stock, $100; trustee of sinking: fund bonds,
$345; H. L. Millis, $3,444; profit and loss, $38,061; total,
$7,628,850.
Omaha & St. Louis—St. Louis K. C. & Northern (WabashJ
Omaha Division.—Holders of outstanding trust certificates
for deposited bonds of the St. Louis Kansas City & Northern
Railway Company (Omaha Division) are notified by the com
mittee that, in accordance with the plan of reorganization,
certificates will be received at the United States Trust Com
pany, on and after June 24, for exchange into the securities
of the new corporation, the Omaha and St. Louis Railway
Company. Each bond will be entitled to $1,140 in new 4 per
cent bonds, $960 in preferred stock and $1,000 in trustee’s
certificates for common stock,
The bonds and preferred stock of this successfully reorganized
limb of Wabash have been listed at the Stock Exchange, and
the full statement on another page under the title of Reports
and Documents, will give satisfactory information to all who
are not familiar with the history of this company
809
Oregon Improvement.—This company elected the old
board and authorized the issue of $2,000,000 preferred stock in.
accordance with resolution of the 13th.
St. Paul & Duluth.—The annual meeting of the stock
holders of the St. Paul & Duluth Railroad Company was held
m-St. Paul, Minn., on Monday, June 20, and the following
resolution was unanimously adopted:
h n U w i T e a dividend ought to be declared to the ooruraon stock
holders if. upou investigation, it be found that they have become legally
S iT O iS ifiiy entitled thereto, and in order to asoertain whether they
»h lu b oon?e 80 entitled a oominittee o f stockholders be appointed, w ho
h ? i nei,and report to ,tUj 3 meeting whether the ootuinon stock
holders have becom e so entitled, and if so, to what amount.
The committee appointed in pursuance of the resolution
consisted o f Charles D, Drake, William H. Rhawn, James
Smith, Jr., John A . Gwynne and Richard Baring Gould. Mr,
Gould represents W. Baring Wells, who recently brought a
suit in equity against the directors.
following board of directors was unanimously electedr
William H. Fisher, St. Paul; William H. Rhawn, Philadelphia;
Hon. James Smith, Jr., St. Paul; Hon. Charles D. Drake,
Washington, D. C.; James M. Earle, Philadelphia; Octavius
Pennsylvania Railroad.—The gross and net earnings for D. Baldwin, New York; William Dawson, St. Paul; John A*
May and for five months, January 1 to May 31, were as Gwynne, New York; George F. Baker, New York.
The following propositions submitted by the board were
below stated. On the lines west of Pittsburg & Erie the net
result, after payment of interest and all charges, is shown in assented to, adopted, and approved, by a large majority:
First. The temporary application of the incom e from lands and
the second table
U N E S EAST OF PITTSBURG AND BRIE.
— dross Earnings.------,
■
1887.
1886.
January................ $3,851,771
$3,421,536
February................
3,988,738
3,549,475
M arch......................
4,410,433
3,901,855
A p ril........................
4,342,834
3,862, «17
M ay.........................
4,865,040
4,178,580
________
Total 5 m o s ... $21,458,866
$18,914,063
LINES WEST OF PITTSBURG *
,-------Net Earnings.1887.
188
1886
$1,214,351
$951
$951,541
1,380,157
1,267
1,267,604
1,435,941
1,305
1,305,780
1,350,883
1,320
1.320,864
1,341,592 1,472,702
1,472
$7,222,924 $6,313,491
ERIE.
Net surplus or deficit after paym ent o f
1887.
1886.
January................ Sur. $222,361
Def. $133,687
F ebru ary ............. Sur.
63,528
nef.
55,102
M arch................... Sur. 250,135
Sur.
20,319
A p ril..................... Sur.
87,576
Sur.
38,591
M ay...................... Def. 158,032
Def. 222,917
charges.
Diff. in 1887
(lain. $356,048
Gain.
113,630
Gain.
229,816
Gain.
4 S 98 5
Gain.
64,8t5
stumpage to necessary improvements.
Second. The increase and sale of the common stock at not less than
par, to the full amount provided in the articles o f incorporation and
the plan o f reorganization, namely, six million dollars, being an
Increase o f nearly tw o million dollars.
Third. Authorize the hoard of directors to borrow two m illion dol
lars upon m ortgage bonds o f the Company.
4
Fourth. Assent to the organization o f a terminal railroad or other
like com pany to furnish such terminals, equipment, tracks, and other
facilities, the stock of w l ich shall be owned by this Company, w ith
authority to the hoard o f directors o f this Company to' guarantee the
principal and interest o f bonds of said terminal or other oompany to
the amount o f two m illion dollars.
.
~ W ith the qualification that the amount to be raised under
the second, third and fourth propositions above set forth shall
not exceed $2,000,000.
The meeting then adjourned till Wednesday, June 22.
The directors re-elected the officers as follows: William H.
Fisher, President; William H. Rhawn, Vice-President; Philip
Def. $352,796
Gain.
$818,364
Total 5 m os----- Sur. $465,568
S. Harris, Secretary and Treasurer, St. Paul, Minn.; Calhoun
Philadelphia & Reading—Schuylkill Navigation—Sus Latham, Assistant Secretary, New York City, and Executive
quehanna Canal.—Another serious obstacle in the way of Committee—William H. Rhawn, James M. Earle, Hon. James
Reading reorganization is removed by the settlement with the Smith, Jr,, William Dawson and William H. Fisher, ex-officio.
M the adjourned stockholders’ meeting on 22d inst., the
two companies named above. The directors of the Schuylkill
Navigation Company and the Susquehanna Canal Company stockholders unanimously adopted the report providing for
have adopted resolutions recommending the propositions of the the declaration of dividends to common stockholders of fif
Reading reconstruction trustees to the holders of the securi teen (15) per cent in common stock, in full for all dues to January 1, 1887, and a 3 per cent cash dividend for six months
ties and stock of the two companies.
These two propositions, addressed to the individual holders, •nding June 30, 1887.
In accordance with these resolutions the directors in subse
are briefly as follow s: The Susquehanna Canal Company’s
bondholders are offered in exchange for the first mortg. pre quent meeting on 22d declared a dividend on the preferred
per cent in cash, and a dividend on common stock
ferred and first mortgage priority bonds new Reading 4 per stpo ° f
cent general mortgage bonds, series “ A ,” to the amount of of 3 per cent, in cash, and a dividend of 15 per cent on the
par and a( crued interest. Holders of the third and fourth common stock payable in common stock at par. All the
mortgage bonds will get 65 per cent of their principal and dividends to be payable at the Fourth National Bank of New
interest in third preference income bonds, series “ D,” of the York, on and after July 5, to stockholders of record June 30,
.transfer books will open June 24 and close June 27, and
reconstructed company. The stockholders are offered 10 per re-open
on July 5.
cent of the par value of their stock in series “ D ” bonds.
The income from all sources for this six months ending
The offer to the Schuylkill Navigation Company’s stockhold
. 1887, will be about $425,000, and after providing for
ers and bondholders is for the mortgage bonds of 1872-97,
principal and accrued interest in the series “ A ” general mort all dividends there will be about $310,000 left in income
gage bonds. Holders of the second mortgage botds and of account, as all expenditures made for improvements out o f
the mortgage bonds of 1895 are offered 80 per cent of their income are ordered to be charged to cost c f road and equip
principal and interest, 30 per cent in series “ A ” bonds and 50 ment and credited back to income by the unanimous action
Ihestcckholders’ meeting and of the board of directors.
per cent in series “ D” bonds. Holders of bonds of the Sus
quehanna loan of 1880 are offered 60 per cent of principal and All differences between the two classes of stockholders were
interest, 30 per cent each of serif s “ A ” and series “ D” bonds. settled and the action of the meetings unanimous. The
Holders of boat and car loans are off red 65 per cent of prin equity suit of William Baring Wells against the railroad has
cipal and interest in series “ D” bonds. Stockholders are been discontinued and the order of dismissal of the suit has
been signed by the attorneys on both sides and will be imme
offered series “ D” bonds at the rate of $11 per share for the diately
filed in the Court.
preferred and $5 '50 for the common stock.
San Antonio & Aransas Pass.—On the 22d inst. this rail
—The third instalment of 25 per cent of the assessment on
Philadelphia & Reading has been called, and will be payable way was connected at Wallace with the Gulf Colorado &
on August 1. The fourth instalment will be payable on Sep Santa Fe Road, giving another through railway to the East.
tember 1. The reconstruction trustees have arranged to
Tennessee Coal Iron & Railroad.—This company gives
advance the receivers between $5,000,000 and $6,000,000, with notice that it is now refunding all outstanding bonds secured
which to pay off the floating debt of the company by August upon its properties within the State of Tennessee and issued
5, and there will be no interest charged upon the same. The prior to 1st January, 1887. The terms of the refunding, which
company has paid off the receivers’ certificates, and it will at have already received the aseent of a large majority of hold
the earliest date possible take care of $2,000,000 of overdue ers, can be learned at the offices of the company in Nashville
coupons, besides having paid Drexel & Co. $100,000 advanced or that of the Central Trust Company, 54 Wall St., New York.
by them on coupons of the consolidated mortgage.
Toledo Cincinnati & Southern.—This road, from Toledo»
nt0 Findlay ’ ^aa been ordered to be sold. The sum o f
Ontario Silver Mining Company.—This has been one of
the minimum price, $100,000 of
the most successful of the dividensl-paying companies intro $600,000 was fixfd upon
duced on the New York market, and Messrs. Lounsbery & which must be paid in at the time of sale.
Co., who have been its financial agents here, have obtained
Toledo St. Louis & Kansas City.—It is announced that the
an exceptional reputation for their good judgment in taking Toledo St. Louis & Kansas City Railroad will change the
hold of this and other paying mines. The company does now gauge of its Toledo division, between Toledo, Ohio and Frank
what every reputable concern ought to do;—that is, it issues an fort, Ind., 206 miles, S nday, June 26. The Sc. Louis division
excellent annual report, showing as fully as may be by the between Frankfort, Ind., and East St. Louis, 111., 245 miles, is
reading matter, maps, plates and statistics, just what the mine being rapidly prepared for a similar change in the near future.
has done and how it stands. An abstract of this report is
Wisconsin Central.—On June 17, the Wisconsin Central
printed under “ Reports and Documents” on another page, tiled articles of incorporation at Madison, consolidating under
but a complete copy should be obtained from the office of the management of one company all the roads and branches
Messis. Lounsbery & Co., in the Mills Building, by every of the system heretofore existing under several names. They
person interested, or who may desire to become interested in include 680 miles of road. The capital stock is $15,000,000, of
this company.
which $3,000,000 is preferred stock.
[V ol. XLTV.
THE CHRONICLE.
810
^tpoxts ami flocumctits.___
ONTARIO SILTER MINING COMPANY.
REPORT FOR THE Y E A R ENDING DEC. 31, 1836.
SUPERINTENDENT’S REPORT.
Salt L ake City ,
Dec. 81,1886.
L. T. H aggin , E sq., *
President Ontario Silcer M in in g Company.
Dear Sir
W e present to you the following statement of
the condition and working of the mine, during the past year,
and its promise for the future:
SHAFT NO
1
Is still used for working and keeping in repair all levels
down to 500-foot level.
SHAFT NO. 1—lOO-FOOT LEVEL.
This level is kept open and in repair west of the shaft, but
no work has been done in it this year.
SHAFT NO. 1—200-FOOT LEVEL.
This level has been kept in repair, but has not produced ore.
It has been extended west 1,364 feet, making a total of 2,424
feet on the lode up to date; but the present year’s run has
been, as a rule, prospecting through a poor and unproductive
portion of the lode. The prospects for the coming year on
this level are better as it nears, in going west, ore bodies cut
on the lower levels, and which, there is reason to believe, will
be found extending up to it. The amount of cross-cutting has
been 342 feet. The total run on this level is 1,706 feet.
year some 600 feet more, to its conection with the Ontario
lode, and promises good stoping ground.
The level run to the southwest of the cross-cut is upon the
south vein, and has been run to the southwest line of Ontario
ground, a distance of 515 feet. This was continued about 40
feet west of the line, and being upon the hanging wall, a cut
was driven 30 feet south, and connection made with the Daly
Company’s 700 level, which is upon the foot-wall of the lode.
The ore chute in this portion of the lode, as now developed on
this level, is 450 feet long, and as the same chute is found on
the 400 level above (350 feet long, as above described), and the
distance between the levels on the dip is about 110 feet, we
may calculate very accurately upon the amount of ore in this
block of ground. Stoping upon this chute was begun late in
the past year, and is at present nowhere more than 10 feet
above the level.
.
The entire amount of drifting and cross-cutting on the 500
level, during the past year, as given above, and including some
small foot-wall cuts, not otherwise mentioned, foots up 2,000
feet on the Ontario ground, together with 895 feet done over
the line on the Daly Company’s ground, for which they have
paid us. The entire length of this level west from Shaft No.
1, following the lode to the southwest line, is 3,744 feet.
SHAFT NO. 2—600-FOOT LEVEL.
The work on this level consists of prospecting cuts only.
The level has been extended east 250 feet, and a connection
made with the Parley Park Shaft, just below their 900-foot
level. From a point near the face a drift has been run south
into foot-wall country 150 feet. Neither of these have de
veloped any ore, and little or no water was met with.
SHAFT NO. 1—300-FOOT LEVEL.
SHAFT NO. 2—TOO-FOOT LEVEL.
This level has been run west, during the past year, 676 feet
—making a total, to date, of 1,276 feet west of No. 1 Shaft. It
was found unproductive up to its connection with the No. 1
Raise, which is run continuously on the lode from the 600 level
up to the 100 level. At this point a good chute of free ore was
struck, and followed to its present face. It was continued
but a short distance beyond No. 1 raise, as it was then decided
to run a new cross-cut from No. 3 Shaft, which would bring
it to the lode below the old level, and is now necessary in the
working of the 500, 400 and 300 levels west, for bringing in
timber and other supplies. At present there is no direct con
nection between these levels and No. 3 Shaft, and their face is
a great distance from No. 1 Shaft.
This level has been extended east 250 feet, and near the face
a raise put up 30 feet—from which a drift was run 30 feet.
Some ore was taken from it.
The new ore body referred to in the last report as having
been followed 150 feet west o f Shaft No. 2, has, during the last
year, been stoped up about 90 feet, producing considerable
nigh grade ore. The same fissure in which this ore occurs is
found on the 600 level—just south of the main lode—and be
longs to the same system of fissures as the No. 1 Spur, before
spoken of.
SHAFT NO 1—400-FOOT
LEVEL.
This level has been run from No. 5 Raise a distance of 813
feet to the west line of the Ontario Co.’s ground, and connected
with Raise No. 6 at that point which extends up from the 600
level to the 400 level. This gives a total distance of 3,971 fe6t
on the lode from No. 1 Shaft. At Raise No. 6, foot and hang
ing wall cross-cuts have been run, aggregating 50 feet. A footwall cross-cut was run a short distance east of Raise No. 5 last
year, and has been continued this year 114 feet more, to its in
tersection with what has been named Spur No. 1, which is a
north and south ore body following ore of an original system
or set of fissures, and in this instance carrying ore practically
all the way from the main Ontario to the south lode. This
spur has been followed west a distance of 450 feet to what I
believe to be its connection with the south lode proper. There
remains to be run, in an easterly direction on this spur, to its
connection with the Ontario lode, a distance of about 600 feet.
In this distance we may reasonably expect to find good stoping ground, as this portion of the spur furnished a large quan
tity of ore, from its stopes above the 600 level, during the past
year. The drifting and cross-cutting done on this level, during
the past year, as described above, and including some of minor
importance, is 1,550 feet. That portion of the spur already
opened up on this level, shows an ore chute 350 feet long, aver
aging about 14 inches wide of high-grade shipping ore, which
may reasonably be expected to extend up, at least, to the 300
level; and in the light o f what we now know of the lode, may
be depended upon for a large output of ore.
SHAFT NO. 1—500-FOOT LEVEL.
This level has been run 550 feet west to the southwest line
o f the Company’s ground, making a total of 3,744 feet west
from No. 1 Shaft. This drift was then continued west, into
the Daly Mining Company’s ground, for prospecting purposes,
to a point north of the Daly Company’s shaft—being a distance
o f 650 feet from the Ontario’s southwest line, which is also
the northeast line o f the Daly Company’s ground. At this
point a drift was run south toward the Daly Company’s shaft
110 feet, intersecting with a great dislocating fissure which
ruus a little quartering with the main Ontario and south lodes,
and cuts and throws both of them. This throw on a hori
zontal plane is about 65 feet. The fissure was drifted upon
some 65 feet. At a point 250 feet west of No. 3 Raise, a footwall cross-cut was run last year, about 250 feet south, for
prospecting. That work was resumed during the past year,
and a run of 340 feet connected with the south lode, at or
near the point where No. 1 Spur leaves it, and runs about N.
12 ® E. toward the Ontario lode. The lode at this point is about
10 feet wide, and although the ore seldom fills the entire width,
it is here some thirty inches wide, and high grade. Drifts or
levels have been run, on this ore channel, both ways. That
ore run northeast on the spur has extended 300 feet to the
dislocating fissure, where it was completely cut off and
thrown 65 feet. After following this break that distance, the
ore was found again, and followed 90 feet to a raise from the
600 level. This drift will be continued during the present
SHAFT NO. 2—800-FOOT LEVEL.
The work on this level, the past year, has been stoping, and
has yielded well.
SHAFT NO. 2—900-FOOT LEVEL.
The work on this level has been stoping and prospecting
during the past year.
SHAFT NO. 2—l.OOO-FOOT LEVEL.
This level has been driven east 738 feet, and cross-cutting
done to the extent of 367 feet. Much of this work has proved
unproductive of ore, being in a barren porphyry gangue. The
stopes have yielded well above this level.
SHAFT NO. 3—600-FOOT LEVEL.
The work of this level has been mainly cross-cuts, foot-wall
drifts and raises, as the main level had reached the southwest
limit of the Company’s ground last year. Foot-wall Drift No.
O was started 580 feet west of the main drain tunnel, and run
southerly from the west drain tunnel, mainly for the purpose
of cutting off the heavy water flow found on the 700 and 800
levels. This drift was practically dry, until it cut the great
dislocating fissure, before spoken of, at a distance of 614 feet
from the west drain, but from here to the face was very wet,
and at the face a heavy body of water was encountered,
which has flowed steadily ever since and very much reduced
the fiois^on the 700 and 800 levels below. The length of this
drift is 6»0 feet. It should be continued at least 500 feet fur
ther, with the hope of cutting off much more water.
FOOT-W ALL D R IF T NO, 1.
This drift was started southerly from the west drain at a
distance of 1,225 feet from the main drain, upon a fissure
showing considerable broken ground and some small frag
ments of o re ; also producing a good flow ot water. After
following it a few hundred feet through mineralized ground
it gradually opened into a good vein of stoping ore, and so
continued up to the dislocating fissure, from which the
water flow was so heavy as to temporarily stop the work.
A few months after, it was started up, and upon find
ing the ore body again, which had been cut and dis
placed, it was continuously followed, up to the present time.
At 510 feet a raise, called Raise No. 1, D. T., has been car
ried up to the 500 level, and about 60 feet above it, toward the
400 level. At 680 feet we came to the dislocating fissure. At
1,045 feet we encounter the South lode proper. Up to this
point the drift has followed what has proved to be Spur No. 1.
Beyond this point it follows the South lode to the face, making
a total distance of 1,205 feet. The stopes above this level on
Spur No. 1 have proved very productive of ore, and still make
a good showing.
From a point near Raise No. 1 D. T. a cross-cut was run from
Spur No. 1 northerly to the drain tunnel west branch—a dis
tance of 140 feet—for ventilation, and the easier working of
this portion of the mine. This includes the work done to the
South lode so uth of the drain tunnel.
Upon the north drift, or main Ontario vein, the first work
to be mentioned is Raise No. 1, upon which considerable work
has been done this year, in the way of re-timbering, rendered
necessary by the decaying of the old timbers, and by the fact
J une 25, 1887.]
THE CHRONICLE.
811
that it must constitute one of the main openings of the mine.
FISCAL STATEMENT JANUARY 1 TO DECEMBER 31, 1886.
This was done from the 600 level up to the 300 level—some 350 Balance in hands of Treas., Deo. 3 1 ,1 8 8 5 . $575,207 05
feet. Raises No. 5 and 6 have been extended up to the 400 Balance in hands o f Sup’t, Deo. 31, 18 85..
12,682 34
level. About 250 feet west of Raise No. 5, a foot-wall drift has
$587,689 39
Bullion—
been run southerly on a good vein of ore 80 feet, and shows
Bars, Nos. 15,021 to 1 6 ,781 ,1,04 2,25 315
two feet of ore in the face. This is called Spur No. 2, and is
ou n ces.........................................................$1,027,368 72
practically parallel with and belongs to the same system as
Slags, 1,649-65 ounces................................
1,403 31
those heretofore mentioned.
1,028,777 03
SHAFT NO.3—7OO-FOOT LEVEL.
This level has not been extended during the past year—the
work done being confined to stoping.
SHAFT NO. 3—800-FOOT LEVEL.
The work on this level has been in the way of stoping only.
SHAFT NO. 3—900-FOOT LEVEL.
This level has been extended west 1,085 feet, developing a
number of good ore chutes. Cross-cutting has been done to
the extent of 186 feet. Near the west end a raise has been car
ried up about 60 feet. The stopes and level are looking fine.
SHAFT NO. 3—l.OOO-FOOT LEVEL.
This level has not been extended this year. The work has
been confined to stoping and driving a raise up to the 900 level
and a small amount of cross-cutting. At the west end of this
level a large ore body has been opened up in the stopes. This
is, by far, the most important and richest body of ore found
since driving west from the old discovery ground, and in fact
very much resembles, in character and richness, the ore bodies
which first made the mine famous. Cross-cuts in the stopes
just above the level show the ore channel to be at least 40 feet
wide. In this distance there are three seams of ore, aggregat
ing four feet of very rich ore, easily separated from the waste.
The remainder is a crushed quartzite vein gangue, containing
more or less ore, but low grade by reason of the waste mixed
with it. The top of this ore chute is found on the 900 level,
just above it, showing that it has gained greatly, both in length
on the level and in width, in coming down from the 900 level.
This ore body was more fully shown by a raise, and cross-cut
at the face of the level, to the foot-wall, where it gives strong
evidence of its continuance to the west; and this block of
ground, from this level to the 600 level, is immediately avail
able for a supply of ore, as fast as needed.
W e believe the present condition and prospects of the mine
justify us in saying that the yield of ore for the future will be
as great as in the past. The mine workings are in good condi
tion generally, including drain tunnels, shafts, etc.
THE MILL
Ore sales—
Ontario ore, lots 106 to 190, 853,107 23
ou n ces.........................................................
Gulch concentrates, lots 17 to 19,1,023*55
ou n ces.........................................................
664;529 98
781 34
Mill aooount...........
Mine account......... .
P rospectin g ............
Mine construction .
General expense ...
Mill No. 2 .................
Property purch ase.
665,311
42,465
109,984
23,758
14,821
360
785
50
32
23
69
25
67
30
55
00
$2,479,203 43
Mine account.............................................. .
Mill account.............................................. .
Electrio light....................................................
Hauling o r e ...................................... ..............
New machine sh op..........................................
P rosp ectin g ........................... .........................
Mine con stru ction ..........................................
General expense.............................................
Ore e x p e n s e . . . . . . . . . . . . . . . . . . . ......................
Property purohase..........................................
Tax account............ .........................................
Mill No. 2 ...........................................................
Ontario tu n n e l....... .................................... .
Bullion expense..............................................
Interest and discount............................. .
Bullion aooount...............................................
Ore sales.............................................................
D iv iden d s.........................................................
Cash—
In hands of T reasu rer......... ...................... $544,087 60
In hands o f Super’ t, Balt Lake C ity.........
55,268 08
$277,237 38
298,166 54
9,237 77
23,977 56
10,071 27
155,235 5 0
108,790 SO
87,856 54
19,530 61
9,340 00
3,828 25
90 OO
821 50
21,556 01
377 12
3.525 59
205 81
900,000 OO
599.355 68
$2,479,203 43
STATEMENT OF ASSETS AND LIABILITIES DECEMBER 31, 1886.
Assets.
Mine—Stores on hand, consisting of boarding
house supplies, timber, w ood, coal, candles
lumber, etc., as per statement......................
Ore in mine dump—923 ton s.............................
Mine construction—Stores on hand, consist
ing of supplies, drill fittings, etc., etc., as
per statem ent..................................................
Mill—Stores on hand, consisting of quicksil
ver. salt, w ood, coal, m ill supplies, board
ing house supplies, eto., as per statement..
Oye at m ill—1,986 tons o r e ..............................
Tailings at m ill-1 1 9 ,0 0 0 to 'S valued at
Mill No. 2—Prescott, Scott &Co., on account. $10,000
Empire mill m achinery................. ................ 13,977
Home Coal Company—13,000 shares stook,
55 per cent p aid ..... ......................................
Park City Water Works—250 shares stock,
90 per cent paid..............................................
R ocky Mountain Beil Telephone Company—
Scrip, toll rates............................
.....
Bullion slags—14,000 fine ounces silver at
90 cents................. ..........................................
Bills receivable..................................................
C a sh -In hands of Superintendent, Salt
Lake C ity.......................................... .............. 55,268
In hands of Treasurer.................................... 544,087
$47,399 3 0
39,816 53
30,363 22
Has worked more than the usual amount of ore, with good
results. As much of the ore is low grade, we select the best
grade ore, containing lead and other bases, for shipment—
66,881 14
thereby reducing the product of the mill. The cost of explo
65,923 56
662,500 00
ration and drainage has been paid by the rich ores extracted
00
and worked in former years; hence, the charges against the
22—
23,977 22
low-grade ore are for stoping, hauling and milling only, thus
93,059 49enabling us to utilize large quantities of ore that could not be
profitably worked three or four years ago. The foregoing facts
3,178 38fully explain the reduction in the average values per ton of the
ores now being milled.
174 75
In our efforts to place the mining and milling machinery in
12,600 0G
the best possible state of efficiency for economical work, much
58,421 97
credit is due to the skill and good judgment of M. G. Foote,
08
chief engineer of mine and mill. The mining machinery is
60— 599,355 68
now run on a consumption of 19 tons of coal per day, and the
mill with 12 tons per day—as against 135 tons for both mine
and mill four years ago.
$1,703,631 24
During the past year we have built a machine shop, 125 by
Liabilities.
29 feet, which will cost nearly $15,000, and is almost ready for
$1,703,631 24
work. It contains all heavy, as well as light tools to do all our Balauce, net assets.
repairs for mine and mill, as well as outside work. This shop
$1,703.631 24
also contains our 40-light electric plant, which lights the
Ontario Mill and Mine works, the Mursac Mill, and also some
stores, for which we are paid. A Pelton wheel, driven by the Directors and Officers of the Ontario Silver Mining Co.
water from the drain tunnel, supplies the power for the above.
President—L. T. HAGGIN.
The set of maps and sections herewith presented shows the
Vice-President—WILLIAM WILLIS.
extent and relative positions of the underground workings and
Secretary—IRWIN C. STUMP.
explorations up to date. Cross-section A A, at No. 3 Shaft,
Treasurer—J. B. HAGGIN.
shows the dip and position of the Ontario lode from the 1,000
Transfer Agents—LOUNSBERY & CO., New York.
level up to within 75 feet of the surface. Cross-section B B Directors—J. B. HAGGIN, San Francisco.
shows the Ontario lode from the 600 level up to the 400 level
THOMAS BELL, San Francisco.
and extending south across the Spur Vein No. 1, and the fault
WM. WILLIS, San Francisco.
ing fissure south of it, but does not extend to the South lode,
JOSEPH CLARK, San Francisco.
as the level on that lode has not been extended far enough east
IRWIN C. STUMP, San Francisco.
to show its position on this cross-section line. Section C C
L. T. HAGGIN, San Francisco.
shows the position of the Ontario and South lodes proper, at
GEO. L. BRANDER, San Francisco.
the point where the Spur Vein No. 1 connects with the latter.
The plan map shows the relative position of all the levels,
cross-cuts and drain tunnel, on the two main lodes, and the
N. T. Chicago & St. Louis.—At Albany, June 22, the New
connecting **Spur Vein No. 1” above referred to. The longi York Chicago & St. Louis Railroad Company was incorporated
tudinal sections, or elevations, show the position and extent under the laws of this State with a capital of $4,500,000. The
of all the levels, the areas of the lode stoped out, and the ex line runs from Buffalo to the Pennsylvania line, a distance of
tent of ground that is cut and under-run, now ready for 70 miles, there connecting with the New York Chicago & St.
stoping.
Louis to Chicago, and this is the organization in N. Y. State
The area of all the ground stoped out up to date is about pursuant to the plan of reorganization. The capital is divided
125,000 square yards. The area of unworked ground above into $750,000 first preferred stock, $1,650,000 second preferred,
the 1,000 level—through which the North and South lodes are and $2,100,000 common. The following are the directors:
known to extend—is about 500,000 square yards. Our esti Frederick P. Olcott, James A. Roosevelt, John S. Kennedy,
mates, however, have been confined exclusively to the work Cornelius Vanderbilt, Frederick W. Vanderbilt, H. McL.
able ore bodies actually exposed by the explorations and Twombly, Chauncey M. Depew, Harry B. Hollins, Cornelius.
known to be workable ore.
N. Bliss, August D. Juilliard, New York ; William K ,’Vander
Very respectfully, etc.,
bilt, Oakdale ; Edmund M. Corlies, Brooklyn; Charles C„
R. C. CHAMBERS, Superintendent. Clarke, Sing Sing.
ff 812
THE CHRONICLE.
OMAHA. & ST. LOUIS RAILW AY COMPANY.
A P PLICATION TO TH E NEW Y O R K STOCK EXCHANGE.
New Y
ork,
June 17, 1887.
On behalf of the Omaha & St. Louis Railway Company,
application is hereby made to the New York Stock Exchange
for the listing of First Mortgage 4 per cent Bonds of the Com
pany to the amount of Two million seven hundred and seven
teen thousand dollars ($2,717,000), and the Preferred Capital
Stock of the Compapy, amounting to Two million two hun
dred and twenty thousand five hundred dollars ($2,220,500).
The railway embraced in the mortgage was formerly known
as the Omaha Division of the St. Louis Kansas City & North
ern Railway Company, and is part of the direct line between
the Union Pacific Bridge, at Council Bluffs, Iowa, and St.
Louis, and extends from Council Bluffs, in a south-easterly
direction, about 144 miles, to Pattonsburg, Missouri. A t the
latter place it runs into the Wabash Western Railway.
On March 26, 1879, the Omaha Division 7 per cent Bonds of
the St. Louis Kansas City & Northern Railway Company—
amounting to $2,850,000, which were secured by a mortgage
to the United States Trust Company, o f New York, embracing
the property now held by the Omaha & St. Louis Railway
Company—were listed upon the Exchange. The mortgagor
company and its successor, the Wabash St. Louis & Pacific
Railway Company, having defaulted in the payment of inter
est which accrued April 1st, 1885, foreclosure proceedings
were instituted by the trustee and resulted, December 28,1886,
in the sale of the entire property embraced in the Omaha Division
mortgage, and its purchase by John H. Beach, James E. Pulsford, James H. Smith, Charles S. Smith, James F. Dwight
8-nd George Warren Smith, as a committee of said bondholders.
In accordance with the terms of the bondholders’ agreement,
the committee has completed the purchase, which has been
approved by the Courts, and has conveyed all the property
purchased by it to the Omaha & St. Louis Railway Company,
a corporation formed May 18,1887, under the laws of the State
o f Missouri. This company has duly executed and delivered
t<? the United States Trust Company, as Trustee, a mortgage,
«dated June 1st, 1887, embracing all its property, which has
been duly recorded in the various counties in Missouri and
Iowa through which the railway runs. The old bonds depos
ited under the above-mentioned bondholders’ agreement with
the United States Trust Company amounted to $2,313,000 out
of the total issue of $2,350,000, and the engraved certificates
issued by that Trust Company for the bonds so deposited were,
in September of last year, listed on the Exchange.
The new issue o f bonds, which can only be increased at the
rate of $20,000 a mile for every mile o f road actually con
structed and equipped in extension of the existing railway, is
made up as follows:
F o r $2,313,000 Deposited B onds............................................
$2,313,000
323,820
4 Coupons annexed thereto, fu nded............................................
5th Coupon annexed thereto, funded (to be held in treasury
pf the com pany fo r betterments, permanent repairs, etc.)
80,180
T o ta l................................................................................ .
$2,717,000
Several hundred of these bonds have already been delivered
to the Trustee for certification and the remainder is promised
by the Bank Note Company on or before the 24th instant. As
soon as certified, $2,636,820 of these bonds will be distributed,
with all the Preferred Stock and Trustee’s Certificates, for
Common Stock, among the holders of the $2,313,000 deposited
Omaha Division Bonds.
The annual interest charges on these bonds will be $108,680,
against $164,500 on the old bonds. The net earnings from
March 6, 1886, to June 1, 1887, during which time it was in
charge of Thomas McKissock, Receiver, were at the rate of
about $125,000 per annum.
These bonds are dated June 1, 1887, and mature January 1,
1937; are of the denomination of $1,000 each, numbered from
1 to 2,717, inclusive, and bear interest at the rate of 4 per cent
per annum, the first coupon, however, being payable on the
1st day of July, 1887, and thereafter on the 1st days of Janu
ary and July, at the United States Trust Company of New
York, the Trustee under the mortgage. The bonds may be
registered at the office o f the same Trust Company.
In reference to the Preferred Stock, the amount has been
fixed to represent a reduction of interest upon the old bonds
o f the Omaha Division from 7 to 4 per cent. This annual
reduction of $30 in a bond having thirty-two years to run,
determined the amount of Preferred Stock to be issued for
each deposited bond at $960. The total issue is, therefore,
the amount above stated.
In addition to the Preferred Stock, Common Stock of the
company amounting to $2,313,000 has been deposited in trust
for three years with Charles S. Smith, under a trust agree
ment, which provides for the issue of negotiable Trustee’s
Receipts representing the stock so deposited.
The Officers of the Railway Company are as follows:
THOMAS McKISSOCK, President, St. Louis.
JAMES H. SMITH, Vice-President, New York.
CHARLES S. SMITH, Treasurer, New York.
EDWARD W. SHELDON, Secretary, New York.
Directors: John H. Beach, James E. Pulsford, James H.
Smith, James F. Dwight, George Warren Smith, Thomas
McKissock and Edward W . Sheldon.
The Company has an office at 49 Wall Street, New York, one
at Council Bluffs, Iowa, and one at Stanberry, Mo.
The Transfer Office o f the Company is at 49 Wall Street,
New York, and its Registrar of Transfers is the United States
Trust Company,
[VOL. x u v ,
Enclosed I beg to send you,
1st. 6 copies First Mortgage Omaha & St. Louis Railway,
Company, with certificate o f record.
2d. 6 copies Circular Letter, dated May 26th, 1887, issued by
the Bondholders’ Committee.
3d. Certified copy of Articles of Association o f the Omaha &
St. Louis Railway Company.
4th. Specimen of engraved First Mortgage Bonds.
5th. Certificate of the United States Trust Company, Trustee
under the mortgage, acknowledging the acceptance of the trust.
6th. Specimens engraved Certificates of Preferred Capital
Stock, 100 shares and blank shares.
Yours very truly,
EDWARD W . SHELDON, Secretary.
This Committee recommends that the above - described
$2,717,000 First Mortgage 4 per Cent Bonds, Nos. 1 to 2,717,
inclusive, and the $2,220,500 Preferred Capital Stock, be admit
ted to the regular list.
S. T. RUSSELL, Chairman.
GEORGE W . ELY, Secretary.
CINCINNATI JACKSON & MACKINAW R. R. CO.
APPLICATION TO THE NEW Y O R K 8TOCK EXCH ANGE.
N e w Y o r k , June 13, 1887.
The Cincinnati Jackson & Mackinaw Railroad Company was
organized under authority of the laws of Ohio and Michigan,
by consolidation of the Cincinnati Van Wert & Michigan Rail
road Company of Ohio, and the Jackson & Ohio Railroad
Company of Michigan.
The route is from Cincinnati, Ohio, to Jackson, Michigan,
253 miles ; and from Toledo, Ohio, to Allegan, Michigan, 156
miles. The point of intersection of the two fines of the com
pany is to be at or near Addison, Michigan. Of the fine from
Cincinnati to Jackson, there is completed and in operation
from Carlisle, Ohio, to Cecil, Ohio, 127 miles ; and of the fine
from Toledo to Allegan, there is completed and in operation
from Dundee, Michigan, to Allegan, Michigan, 133 miles.
The remaining portion of this line, viz. : Dundee to Toledo, 23
miles, is supplied by track arrangement with the Toledo Ann
Harbor & North Michigan and the Wheeling & Lake Erie
Railway Companies. There is, therefore, of the company’s
own track completed and in operation 260 miles.
That part of the fine from Cecil to Jackson is now in active
progress.
The gauge is 4 feet 8% inches; steel rail on entire fine.
Equipment: Locomotives, 26, passenger coaches, 12; com
bination cars, 5 ; baggage, mail and express cars, 4 ; box cars,
603 ; stock cars, 20 ; coal cars, 27 ; platform cars, 367; caboose
cars, 10.
Assets, other than railroad and telegraph fines, in excess of
all liabilities other than bonds and stocks, December 31st,
1886, $14,830 10.
Liabilities: Central Division (Cecil, Ohio, to intersection
Dayton & Union Railroad, at Greenville, Ohio, 81 5-10 miles)
First Mortgage 6 per cent Bonds, due 1901, $1,200,000. Central
Division Second Mortgage Income Bonds 6 per cent, if
earned, but non-accumulative, due 1930, $1,200,000. First
Mortgage Consolidated 5 per cent Bonds, issued at the rate of
$10,000 per mile of completed road, due 1936, $2,600,000 ; of
which $1,200,000 are set apart to retire Divisional Firsts.
CINCINNATI JACKSON & M ACKINAW CONSOLIDATED FIRST
MORTGAGE 5 P E R CENT BONDS.
The amount of issue, $6,000,000, and only to be issued at
$10,000 per mile of completed road ; date of issue, December
1st, 1886; maturity, December 1st, 1936; par value, $1,000;
numbers, No. 1 to 6,000; interest, 5 per ce n t; payable, June
and December; place of payment, Central Trust Company,
New Y o r k ; place of transfer, Central Trust Company, New
York ; trustees, Central Trust Company, New York.
Capital Stock : Common, $32,000 per mile ; Preferred, $18,000
per mile. Under this now proper to be issued: Common,
83,200 shares, $8,320,000 ; Preferred, 46,800 shares, $4,680,000.
Par value of shares, $100 each.
E arnings f o r 1888.
Gross earnings............ $413,910 92
Operating ex p en ses... 267,683 11
Net
$146,227 81
E arnings fo r First Quarter, 1887.
Gross earnings............. $95,S71 58
Operating expenses__ 64,227 70
Net.
$31,643 88
The fixed charges on the 260 miles are $142,000 per annum,
or $11,833 33 per month.
OFFICERS OF THE COMPANY are:
J. M. C. MARBLE, President and General Manager,
Van Wert, Ohio.
GEORGE R. SHELDON, Vice-President,
New York City.
Application is made for admission to regular list New York
Stock Exchange of $1,400,000 Consolidated First Mortgage
5 per cent 50-year Gold Bonds, Nos. 1,201 to 2,600, both inclu
sive; 46,800 shares of Preferred Stock of the par value of $100
each; 83,200 shares of .Common Stock of the par value of $100.
A syndicate headed by Messrs. J. Kennedy, Tod & Co. took
the above issue of Consolidated Bonds and have since marketed
them.
Baltim ore & H arrisburg.—This Railroad Company has
called in $208,000 6 per cent bonds of the Hanover Junc
tion Hanover & Gettysburg Railroad Company, dated 1st
January, 1875. The bonds will be paid on 1st July next, after
which date interest will cease. Holders of the bonds called in
can exchange them for 5 per cent bonds of the Baltimore &
Harrisburg Railroad Company on certain conditions.
J une 25, 1887.]
THE CHRONICLE.
MILWAUKEE & NORTHERN RAILROAD COMPANY.
APPLICATION TO THE NEW Y ORK STOCK EXCHANGE.
813
S h e C o m m e r c i a l g l'tm e s .
N e w Y o r k , J u n e 16, 1887.
COMMERCIAL EPITOME.
The Milwaukee & Northern Railroad Company applies to
list $1,994,000 of its capital stock in addition to the $2,137,000
F r i d a y N i g h t , June 24, 1887.
already listed, and also applies to list $378,000 of its bonds,
A drought, which had begun to cause uneasiness in some
numbered consecutively 4,454 to 4,831, inclusive, in addition
to the bonds now listed at the Exchange, and present herewith sections, has been relieved by copious rains, and violent storms
six copies of its mortgage, with a map of its route, as well have done some damage in the North Atlantic States. Fresh
that part already completed as the remainder of the line pro complications at the West, including a bank failure at Cin
posed.
This company, April 13th, 1881, listed at the Exchange cinnati, arising out of the recent speculation in wheat, have
$2,155,000 of its bonds and $2,137,000 of stock, on account of been a disturbing influence in commercial as well as financial
that part of its line extending from Schwartzburgh to Green circles. The semi-panic on the Stock Exenange to-day had
Bay, and the branch from Hilbert to Neenah and Appleton some effect in commercial circles, checking an early rise in
and on June 25th, 1884, it also listed $1,598,000 of its bonds, values.
numbered consecutively 2,856 to 4.453, inclusive, on 94 miles
The speculation in lard for future delivery was at declining
of completed road, extending from Green Bay north.
The whole road contemplated by the Milwaukee & Northern prices until yesterday, when an active demand from the
Railroad Company extends from Milwaukee by way of Green “ short interest” caused a partial reoovery. There was, how
Bay to Ontonagon, on Lake Superior, with branches from
Hilbert to Neenah and Appleton ; from Ellis Junction to Mari ever, renewed depression to-day. Lard on the spot at’ some
nette and Menominee, and from Iron Mountain to Republic decline has met with a fair export demand, closing at 6*40o.
and Champion, in Michigan—in all, 434 miles or over, of for prime city, 6-70@6*75c. for prime to choice Western, 6-90o.
which 269% miies are completed, 54% miles are in process of for refined to the Continent and 7 40o. for refined to South
construction between Iron Mountain and Republic and Cham America.
pion, to be completed early next fall, and the remainder, about
d a il y closing prices o f l a r d fu t u r e s .
110 miles, at the convenience of the company.
The company was organized in 1880 under the general rail
Saturday. Mond’y. Tuesd’y. Wedns’y, Thursd’y. F rid a y
£i,£S/\
D.rn
___
6-60
road laws of Wisconsin; it has purchased the Wisconsin & July deliv’y .. 0-67
6-58
6-60
6-73
6-70
August “ .. 6-77
6-70
6-68
6-70
Michigan Railroad, from Green Bay to the State Line, and has 8ept
6-84
6-80
•• .. 6-87
6-80
6-78
6-81
6-94
6-00
contracts for consolidation with the Iron River Railroad Com October “ .. 6-95
6-90
6 86
6-90
7-04
6-99
pany of Wisconsin, the Republic branch, and Ontonagon and
Pork has been dull and closes weak; old mess $14 50@$14 75*
Brule River Railroad Companies, in Michigan,which, together,
make a through line from Milwaukee to Ontonagon and new do. $15@$15 25; prime $14@$14 25 and clear $15 50@$17.’
Republic and Champion, Mich.
Cutmeats have been firm, but close quiet; pickled bellies, 7%
Its road is of standard gauge, 260 miles of which are laid
with steel rails and 9% miles with iron rails, and that now @ 7% c.; shoulders 6%c. and hams ll % @ ll % c .; smoked shoul
ders 7%c. and bams 12%(2| 12%c. Beef remains nearly nomi
being constructed to Champion to be also steel rails.
Its equipment is as follows: 29 locomotives, 14 first-class nal. Beef hams dull and lower at $21@$21 50 per bbl. Tallow
passenger coaches, 2 second-class passenger coaches, 5 combi active and firmer at 6%c. Stearine is easier at 8% @ 8% c.;
nation passenger and baggage coaches, 77 box cars 28 feet
long, 362 box cars 34 feet long, 10 furniture cars, 10 stock cars, oleomargarine dull at 6%o. Butter is steady at 16@20c. for
221 flat cars, 6 baggage, mail and express cars, 2 mail cars, 12 creamery and 14@18c. for State dairy. Cheese has been' de
caboose cars, 1 business car, 25 gondolas (for ore and coal), 34 pressed, but closes with a good demand at 7%@8%c. for state
feet long.
factory, full cream. The swine s’ aughtered at the principal
The liabilities of the company are as follows: $3,753,000 upon
the bonds already listed, $378,000 upon the bonds now sought Western towns, March 1 to June 23, numbered 2,625,000,
to be listed, $2,137,000 Capital Stock already listed, $1,994,000 against 2,520,000 for the corresponding period last year.
Capital Stock now sought to be listed, and the current bills of
The following is a comparative summary of the aggregate
the company.
exports from November 1 to June 18:
Its assets beyond its railroad and equipment are cash on
_ . „
1886-7.
1885-6.
hand, and amounts due from customers and correspondents Pork,
lbs......................... 27,822,200
28,468,600
646,400
for freight carried, which will offset its liabilities for current Bacon, Ac., lbs............... 293,266.235 314,725,357 Dec.
Dec. 21,459,122
bills.
Lard, lbs.......................... 205,400,643 192,470,835
Iuo. 12,929,806
The par of stock is $100 per share, and is limited to $17,000
The speculation in Rio Coffee has been fitful at unsettled
per mile of constructed road.
The principal office of the company is in the city of Mil prices, they showing to-day a marked decline in sympathy
waukee.
with Havre accounts, closing with sellers at 1510@15-90c. for
OFFICERS.
July to October and 15-95@16-20c. for the later months. Coffee
ALFRED M. HOYT, President................ New York.
on the spot has been very dull, and at the close quotations are
JAMES C. SPENCER, Vice-President.. . . Milwaukee.
unsettled and nominal; fair cargoes o f Rio are quoted at
CHARLES RAY, Treasurer.......................
“
17%c. and there was a sale of No. 6 at 16%o. Raw sugars
CHARLES RAY, Secretary.
.........
“
GEORGE H. NOYES, Solicitor...........
have been more active at improving values, in response to
Its Register is the Merchants’ Exchange National Bank of stronger accounts from London, but were very quiet to-day
the City of New York.
at 4 7-16c. for fair refining Cuba and 5 3-16c. for Centrifugal
Its Transfer Office is at that Bank, audits Transfer Agent is
96 deg. test. Molasses declined and closes quiet at 19%@20o.
Allen S. Apgar.
The bonds sought to be listed are dated February 11, 1884, for 50 deg. test. Teas irregular.
and mature June 1,1913, and are for $1,000 each, with interest
Kentucky tobacco continues active and sales for the week
at the rate of 6 per cent payable semi-annually, June 1 and are 650 hhds,, o f which 450 hhds. for export. Prices are
December 1 of each year, principal and interest payable in the
City of New York, and are secured by a trust deed to Samuel % @ lc. higher on the smaller planting for the next crop. Seed
N. Hoyt and Allen S. Apgar, of New York.
leaf on the contrary is dull, and sales for the week are only
Total amount of bonds authorized to be issued under the 807 cases as follow s: 207 cases 1881-83 crops, Pennsylvania
trust deed is $8,000,000, numbered consecutively 1 to 8,000, all
to be issued to Samuel N. Hoyt and Allen S. Apgar, Trustees, 10@ 14%c.; 150 cases 1885 crop, Pennsylvania, 12@18c.; 150
cases 1884-85 crops, Little Dutch, 9@14c.; 150 cases 1885
in trust as follows :
$2,155,000, numbered consecutively 1 to 2,155, inclusive, to crop, Wisconsin Havana, 6@8%c., and 150 cases 1885 crop,
be used by the Trustees to take up the bonds of those numbers State Havana, private terms; also 450 bales Havana, 60c.@
already listed in the Stock Exchange.
$1 05 and 180 bales Sumatra, $1 20@ $1 50.
$500,000, numbered consecutively 2,156 to 2,655, inclusive,
Spirits turpentine, at some decline, has been more active,
to be delivered to said company to extend its road into the
City of Milwaukee, whenever said company determine to and 200 bbls. sold to-day at 84c. Rosins are somewhat unset
build into that city.
tled, ranging from $1 20 to $1 30 for common to good strained.
$200,000, to be numbered consecutively 2,656 to 2,855, to Tar is steady at $2. Crude petroleum certificates were dull
build ore docks, and the remainder, numbered consecutively and depressed early in the week, but yesterday were more ac
2,856 to 8,000, inclusive, to be delivered by the Trustees to the tive and firmer. To-day, however, there was freer selling and
company, at the rate of $17,000 per mile, as fast as the road is a decline, closing at 61%@61%c.
*
completed, and the completion certified to the Trustees.
On the Metal Exchange the feature has been a fresh specu
,
<
ALFRED M. HOYT, President.
lation for the rise in Straits tin, which culminated on Wednes
This Committee recommends that the above-mentioned day in sales at 23@40c. for June, 28c. for July and 22@70o.
$378,000 First Mortgage 6 per Cent Bonds of 1913, Nos. 4,454 for August. To-day there was a sharp decline, with sales at
to 4,831, inclusive, be added to amount nowon the list, making 22@65c. for July, 22@60c. for September and 22@55c. for
total amount listed to date $1,976,000, and that on July 23, October. Other metals are dull and unsettled.
1887, $1,994,000 Capital Stock to be added to amount now on
Ocean freights were active in grain shipments, but to-day
the list, making total amount listed on that date $4,131,000.
were dull, with rates nearly nominal; a steamer was chartered
S. T. RUSSELL, Chairman,
for Bilboa at 3s. 3d. per quarter ; there was a shipment to
GEORGE W . ELY, Secretary.
Avonmouth at 3%d. per bushel.
THE CHRONICLE.
14
[V o i. XLTV.
In addition to above exports, our telegrams to-night also give
C O T T O N .
the following amounts of cotton on shipboard, not cleared,
F r i d a y , P. M „ June 24, 1887.
av the ports named. W e add similar figures for New York,
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams which are prepared for our special use by Messrs. Carey, Yale
Lambert, 24 Beaver Street.
from the South to-night, is given below. For the week ending
this evening (June 24), the total receipts have reached 2,.3b4
On Shipboard, n ot cleared—f o r
bales, against 3,549 bales last week, 4,032 bales the previous
June 24, at Stocks
week and 7,599 bales three weeks sin ce; making the total
Other CoastGreat
Total.
B ritain. France. Foreign noise.
receipts since the 1st of September, 1886,5,187,182 bales, against
6,247,193 bales for the same period of 1885-86, showing a de73,571
13,085
654
6,799
5,632 None.
New O rlean s....
1 Mon.
Receipts a t— | Sat.
17
....
273
1
....
13
....
13
....
1
Galveston.........
Indianoia, &c.
New O rleans...
Mobile...............
Florida..............
Savannah..........
' Brunsw’k, &c.
Charleston.......
P t Royal, &e.
W ilmington. . . .
Moreh’dC.&o.
Norfolk..............
West Point,&o
New Y o rk........
Boston...............
Baltim ore.........
Phlladelp’a, &c.
CO
....
4
...
4
....
89
....
35
....
....
Totals this week 1
....
40
....
2
....
300
29
....
181
223
829 1
—
....
181
22
....
28
....
2
....
2
••••
3
....
....
86
....
....
21
• •••
83
6
....
35
——
12
....
....
41
10
....
9
....
2
....
—
• •••
3
....
....
99
....
....
1
39
....
643
64
O
3
90
....
S
36
....
••••
15
25
3
••••
....
....
21
3
....
536
....
....
13
....
....
13
....
34
717
107
164 1
324=1
Total,
Fri.
Thurs.
Wed.
Tues.
91
G a lv esto n ...
Ind’nola,&o
New Orleans*
Mobile...........
F lo rid a .........
S a v a n n a h ..
Br’sw’k, &c
Charleston ..
Pt.Royal,&o
Wilmington .
M’head C.,&o
Norfolk.........
W.Polnt, <feo.
New Y o r k ...
B o sto n .........
B altim ore. . .
Pliiladel’a,&o
39
706,497
613 1,718,760
64 213,353
23,165
3
90 794.657
31,730
. ...
36 365,194
19,172
. ...
91 134,548
3,834
....
56 529,884
. ... 323,930
96,603
321
230 104,734
64,173
. ...
791
56,928
This Since Sep.
Week. 1 , 1S85.
121
694,858
781
3,935 1,712,898
245,895
185
2
50,115
1,104 792,512
16,252
2,585 495,758
14,981
70
13 101,613
1
7,821
1,008 557,654
1,612 279,845
11
56,057
2,278 115.526
337
55,930
1,101
49,387
2,3645,187,182 14,363 5,247,193
Total............
* 1,350 bales added to receipts since Sept. 1.
1887.
None.
None.
None.
None.
None.
5,000
None.
None.
None.
50
None.
None.
None.
None.
None.
None.
50
None.
None.
10,500
1,000
417
707
1,300
4,337
3,017
161,225
23,176
12,132
None.
11,799
704
24,635
267,750
T
T
31,107
9,242
2,255
3,821
5,681
11,384
3,446
299
The speculation in cotton for future delivery at this market
f< *r the week under review has been at variable but generally
A rooping
1887.
1886.
1881.
1885.
2,364
1886.
4,337
10,940
66,656
417
1,350
49,216
7,999
2
7,770
707
7,359
1,603
800
3,017
171,725
4,500
3,804
14,269
9,616
45
256,678
11,132
11,639
15,392
292,385
388,588
1883
240
45
209
4,130
3,298
91
467
568
68
1,042
238
1,595
355
2,339
419
912
879
96
1,396
568
2,324
2,155
5,642
11,497
9,288
39
643
64
90
36
91
56
•.. .
1,345
121
3,935
185
1,104
2,655
14
1,008
1,612
3,729
232
1,2; 0
76
27
33
Tot. this w ’k.
2,364
14,363
3
On Saturday there was a sharp deoline for
le South contributed. Yesterday Liverpool having made a
partial recovery and rains at the South somewhat heavy this
market was better; but a flurry in the money market caused
uneasiness, and led to some “ unloading,” under which the
early advance was nearly lost. To-day there was an advance
on a better report from Liverpool and some apprehension of a
'squeeze” on early deliveries, but the close is 15@ 18 points
below last Friday. Cotton on the spot met with only a mode
rate demand for home consumption, and quotations were
reduced l-16o. on Saturday, %c. on Monday, l-16c. on Wed
nesday and l-16c. on Thursday, when there was a good busi
ness for export. To day the market was fairly active for
home consumption and very firm at 10% c. for middling
uplands.
The total sales for forward delivery for the week are 810,000
bales. For immediate delivery the total sales foot up this week
6,696 bales, including 2,700 for export, 3,996 for consumption,
— for speculation and — in transit. Of the above, 400 bales
were to arrive. The following are the official quotations for
each day o f the past week.
*
1883.
315
821
70
1,259
115
2
166
25
2,869
Galveat’n,&o.
New Orleans.
ikobile...........
Savannah . ..
Charl’st’n, &o
tjqim’g t’n, &o
Norfolk.........
W. Point, &o.
A ll others ...
prices.
C msed much depression, to which the fall o f needed rain at
In order that comparison may be made with other years, we
Receipts at—
42,489 I 346,099
24,746 1 296,175
gening of the Liverpool market at a considerable decline
791
Stock.
1885-86.
1886-87.
This Since Sep.
Week. 1,13 8 6 .
None.
None.
None.
None.
None.
None.
None.
56 tl lis crop, but the depression was arrested in the later dealings
---- O i Monday, with a firmer tone on Tuesday on drought reports
321 f •om the South near the close.
On Wednesday the re230
For comparison, we give tne ioiiowing taDie snowing me woe», b
total receipts, the total since Sept. 1,1886, and the stock to-night,
and the same items for the corresponding periods of last year.
Receipts to
- June 24.
g
u
O
„
rrotal 1887.
None.
None.
None.
None.
None.
5,500
1,000
gl
Since Sept. 1 . 5187,182 5247,193 4715,039 4782,641 5893,048 4620,487
Galveston includes Indianoia; charleston Includes Port Royal, «fee
Wilmington includes Moreh’dCity.&c.; West Point inoludes City Point, Ac
June 18 to
“J une 24.
UPLANDS.
NEW ORLEANS.
Sat* M o n Tuect S a t.
TEXAS.
M o n ! T u e s S a t.
M o n Tuea
8% 85a
85a 8 %
Ortin’y.«0Ub 8*18 87x6 8^X8 8%
8*8 878 98x6 91X6 9!i6 93x6 91x6
Strict Ord.. 9
10
10i8 10
Good Ord.. 91616 91816 918X6 1018 10
Str.G ’d Ord 10*8 10 % 10 % 1 0 3 le 107x6 107x6 1 0 9 , 8 1 0 7 , a
Low Midd’g 10 % 1058 105s 1 0 1 5 l e 1013j6 1013x6 101516 1 0 1 3 l a
11
1118 11
Str.L’wM ld 101516 1 0 1 8 16 1013J8 111« 11
11
115x6 11316 llSie 116X6 llSxe
Middling... 1 1 % 11
11*8
1
1
7
x
6
11®16 U7,6
117X6
III4
III4
H ® 16
Good Mid..
Str.G ’d Mid 115s Ilia lllfl IH8I6 111*16 1111X6 1113x6 mixe
123
123.6 12116
121
1178
Midd’g Fair 12
121X6
11*8
W ed
T li.
F r i. W ed
Th.
F r i. W e d
Th.
85s
91X6
10
107.6
1013.6
11
113X6
11716
1111X6
121X6
F r i.
8%
85x6 35X6 89x6
89x6
Ordin y.Wfc 8*8
9
815x6 815x8
8%
Strict O ra.. 813x6 8 %
815X6 815x6 9
9%
915x6
9%
9%
Good Ord..
911X6 911X6 915X6 9%
8tr. G’d Ord lOSie 10 % 1018 1 0 *fl 105xe 105x6 1038 105,0 105x8
101*18
Low Midd’g 109x0 10 % 101 « 1 0 % 1011 x6 I d 116 1 0 % 101*16
Str.L’wM id 10 % 1 0 i i 16 10 11 x6 1016x6 10 % 10 % 1015x8 10 % 10 %
M iddling... lOl^xe 1 0 78 10 % 1 1 % 1 1 1 X6 1 1 1 1.6 1 1 % 1 1 1 X6 111,6
Good Mid.. H 316 i l l s l llf l 113fl 115.6 115X6 1138 116x6 115.6
1138 1138 1 1 % 119.6 11»,6 1 1 % 119,6 119.6
Str.G ’d Mid
1118 x6 1115,6 12
lllS xe 1115,8
Midd’g Fair ì n & 1 1 % 1 1 % 12
Fair............ 127x6 12*8 1 2 % 1 2 % 12916 129x6 1 2 % 12*16 129l6
S a t. M o n T u e * W e d T h . F ri.
STAINED.
8%
Good O rd in ary............— $ lb.
Strict Good Ordinary............... .
8%
8%
8%
8 I 10
8%
81516 813x6 813le 8 %
9Hxe
10®16
The exports for the week ending this evening reach a total Low M iddling........... .
9%
9%
9%
of 10,072 bales, of which 3,385 were to Great Britain, 1,500 M iddling....................................... 1 0 % 1 0 % 1 0 %
to France and 5,187 to the rest of the Continent. Below are
M ARKET AND SALES.
8%
8
8
8 II 10 811X8
9%
10%
9%
10%
The total sales and future deliveries each day during the
from Sept. 1,1886, to June 24,1887
Week Ending June 24.
week are indicated in the following statement. For the con
Exported to—
Exported to—
venience of the reader we also add a column which snows at a
ContiCoitivi T>tal Great
Great
from—
glance how the market closed on same days.
Total.
Brit’n. France nent. Week. Britain. France nent.
FUTURES. _
SALES OF SPOT AND TRANSIT.
255,546 30,352 104,900 390,798
Qalveaton......
SPOT MARKET
1,500
70S 2,203 725,828 319,720 367,502 1,413,050
New Orleans..
Deliv
Spee- Tran
Ex
Con
CLOSED
46,807
46,807
port. sump u l’t’n sit. Total. Sales. eriesMobile.......... .
F iorila ........
860 91,300
860
233,159 18,648 243,960 495,767 S a t . . Easy ® ixe d e c ..
Bava m ah .......
io(
404 152.600
404
00,453 43,963 143,206 277,625 M on. Quiet @ % dec ..
Charleston
100
265 115.600
265
Quiet
and
steady
Tnes.
10,857 109,640
90,823 7,960
W ilm in g to n ..
300
552 211,800
552
W
ed.
Q’t&e’sy@ii6
dec
880,126
3,900
326,226
Norfolk.........
2,914 119,200
Thars M rm ® lxe uec.. 2,700 214
8,406 108,234 F r i . . F ir m .................
97,678 2,150
1,701 119,500
1,701
4,463 7,593 454,075 40,847 229,252 723,574
3,130
New York..
810,0001 500
6,696
2.700'3.996l
.
.
.
.
2,092 146,628 T otal
21
21 144,536 ........
Boston........
—
255 96,073 8,750 28,787 138,610
255
B a ltim o r e .
The dally deliveries given above are actually delivered the da?
8,219 56,018
52,793
Export*
previous to that on whion th ey are reported.
Total.,
5,187 10,072 2,613,997 471,703 1,146,081 4,231,871
34,797! 4,623 10.336 49,756 2,406,338 403,408 1,255,679 4,065.420
8,385
1,500
T he Sales and P rices of F utures are shown by th®
following comprehensive table:
THE CHRONICLE.
J une 25, 13S7.]
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and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (June 24), we add the item of exports from
the United States, including in it the exports of Friday only.
1887.
s 854,000
.
18.000
1886.
671,000
17,000
1885.
915,060
25,06 0
1884.
871,000
58,000
Total Great Britain stock.. 872.000
Stock at H a m b u r g .......
3,000
Stock at Bremen..............
55,6.10
Stock at Amsterdam. . . . .
32.U00
200
Stock at R otterda m .......
Stock at A ntw erp............
1,2- 0
Stock at H a v r e ................
. 228,000
Stock at M arseilles.........
3,000
Stock at B arcelona.........
48.000
Stock at G e n o a ................
8.000
Stock at Trieste................
14.000
683,000
5,600
40.400
27,000
300
1,500
171,000
7,000
67,000
19,000
10.000
910,000
5,000
46,000
45,000
400
1,500
189,000
4,000
62,000
9,000
6.000
929,000
4,100
69,000
51,000
900
2,500
227,000
6,000
69,000
13,000
12.000
Total Continental stocks.......... 3
j 3,000
3.-3,000
348,800
367,900
454,5U0
Stock at L ondon.............
.1,265,000 1,036,800 ]1,307,900 1,383,500
India ootton afloat for Europe.. 220,000
260,000
185,000
330,000
Amer. oott’ n afloat for Eur’pe.
30,000
168,000
74,000
103,000
Egypt, Brazil,&o.,aflt for E’r ’pe> 34,000
7,000
9,000
17,000
Stock In United states p orts... 292,385
320,921
388,583
343,235
Stock in U. S. interior tow ns..
32,121
85,929
32,203
32,847
United States exports to-day.
486
1.460
6,900
2,097
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.1,873,992 1.949,777 11,933.929 2.211,679
Of tbe above, the totals of Amerioan and other descriptions are as follow s :
American—
i 602,000
503,000 677,000 581,000
. 241,000
213,000 250,000 284,000
30,000
168,000
American afloat for E u rop e...
74,000
103,000
. 292,385
38*,;188 320,921
343,235
85,929
United States luteiior stooks..
32,121
32,203
32,847
486
1,460
6,900
United States exports to-d ay..
2,097
E a st I n d ia n , B ra zil, Ac .—
252,000
18,000
152.000
. 2*0,000
31,000
Egypt, Brazil, &c., afloat.......
238,000
25.000
117,900
185.000
7,000
2P0.000
58,000
17.1,500
330,000
17,000
Price Mid. Upl., L iv e rp o o l. . . .
Prioe Mid. Upl., New Y o r k ....
1,873 992 ]1,949,777 1,9 33,9 :9 2,211,679
5isd.
5 u^d.
578d.
6®ied.
9^ 0.
lO^iaO.
10?80.
llMeC*
Ht^TThe imports into Continental ports this week have been
50,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 75,785 bales as compared with the same date o f
1886, a decrease of 59,937 bales as compared with the corres
ponding date of 1885 and a decrease of 337,687 bales as
compared with 1884.
A r the I nterior T owns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1885-86—is set out in detail iu the following statement
rO
r j®
wfioî ®
s A
H Q®QS0t>Offlg-<g>flÜ
««ETS
H*CTM
l*^ WHO M<CT£Dy 5 « S o p S. p
F ^ F S g a g .è .© ?
:■m®-„1
a> *
IP
'stc «-S-S
B 8 B p S M*®
-5*S F s s g i
m » s , ® *5a i r 0,
«pH®
g p o - st© &P.C-®
O- «3*5
§ B8 ©í0sms2'®'3
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I
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taif* M
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*tO
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o o w w o la m co ® i^ «o m w w oo® ®
o
xxuatsxtsoiH^ciiPijHioK,'/
o 7*
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I$«:
‘ Includes sales in September, 1886, tor September, 4.2,900; September-October, for October, 287,200.;
f-*05 September-November, fo r November,
COO©for
© December, 765,100; September441,700; September-December,
CD © © CDSeptember-Februaiy, for February,
January, fo r January, 1,685,900;
coto
o»
1,282,400; September-March, fo r March, 2,106,800; 8eptember-April,
for April, 1,628,900; September-May, fo r May, 2,005,900.
We have included in the above table, and shall continue each
weea to give, the average price o f futures eaoh day for each month. It
■will be fonnd under each day follow ing the abbreviation “ A ver.” The
average fo r each month for the week is also given at bottom o f table.
Transferable Orders—Saturday, 10‘ 8 5 c .; Monday, 10*80o.; Tuesday,
10-80c.; W ednesday, 10’ 7 0 c.; Thursday, 1 0 '7 0 c.; Friday, 10‘ 75o.
The following exchanges have been made during the w eek:
•04 pd. to exch. 400 Deo. for Jan.
*38 pd. to exch. 500 Sept, fo r Aug.
•02 pd. to exch. 200 June for July.
•01 pd. to exch. l o o Dec. for Nov.
•04 pd. to exch. 400 Dec. fo r Jan,
‘18 pd. to exch. 500 Dec. for Oct.
•02 pd. to exch. 200 June for July.
*16 pd. to exch. 100 N ov. fo r Oct.
*01 pd. to exch. 100 June for July.
The V isible Supply of Cotton to-night, as made up by cable
®®1 M »# * o 5 »ço «i5
W0005 • S905o « co05IF-rf*
GO ^ *
05O M M M
|U
WM
M
O W »M W M M
W©OOlt*MO
M •
M ©
►
m w
**
w:
ooxcoM t
O O O tO M O iW © W k O W . S O O - I O U «
*•a>» ta« » ta
W**
M
M
WM
e œ u a a H f u i c o o to w w o ta w
koo w o © œ wço © o :x ,f*co*© w ©
x'co® os wœ Val- ta*-, m mT. —?o m w w aa
**xw **w w © xœ © o»© © korf*K i M ©
0 0 ® M W W < X O k a M W O C O © r - © ©#*
© w h koko ;
o i 'iM w la lo w »*
© I co X w *
I
05;
WM©©**.
w ta ** w ** w w
ta » «o o taw ta
W
M |B*
ca¡ MCwto¡
»• MM05Ol■
I
II
165,000
17,000
105,800
260,000
9,000
556,800
Total East India, &o......... , 676,000
572,900
865,500
1,197,992 11.392,977 1,361,029 1,346,179
II
<
1
to»
2
.1,197,992 :1,392,977 1,361,029 1,346,179
Liverpool stock.....................
London sto ck .........................
m ta ;
Q 0 0»© M C 5.
ta m W ta w , m m
s ’ a,
s Æ
•s
ns
W »
© a w
&*0Q
WkO
M
•
W
ta ta ta m
ta œ • » w ** w
»
WkOOWi^tOM©fc5to; W © O © »t0 W -1 î f » '»
w w o © o w k a «o w o . Wm » cata©o«©
__ s?
i»
ko
ko
M
OC kO
M ©
rf* ;
H tO tO M M H O
©ta m ta'c m© -iT-.; wcomw'mw** *■ ..A O
«
©©ko-i-ow-jMMif*: ta**io»ww©© w**1
M®WMlf*»ta©»©. tOWMQO*4»C5<!
I Ss
* The figures for Louisville in both years are ' 1net.”
The above totals show that the old interior stocks have
and telegraph, is as follows. The Continental stocks, as well as increased during the week 47 bales and are to-night 53,808
those for Great Britain and the afloat, are this week’s returns, bales less tuaii at the same period last year, The receipts a t
B16
THE
CBKONICLE.
[V ol.
XLIY.
the same towns have been 1,178 bales less than the same last week’s rain. This week has been dry. Average ther
week last year, and since September 1 the receipts at all the mometer 87, highest 92, lowest 66.
Cuero, Texas.—The weather has been dry all the week.
towns are 44,981 bales less than for the same time in 1885-86.
EaeTything points to a bountiful yield. The thermometer has
Q u o t a t io n s f o r M id d l i n g C o t t o n a t O t h e r M a r k e t s . averaged 82, the highest being 97 and the lowest 66.
In the table below we give the closing quotations o f middling
Brenham, Texas.—No rain all the week. Farmers are
cotton at Southern and other principal cotton markets for each elated over the prospects. The thermometer has averaged
day of the past wees.
81, ranging from 67 to 96.
Belton, Texas.—Prospects are good for an abundance of
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
corn and cotton. W e have had dry weather all the week.
Week ending
June 24.
The thermometer has ranged from 65 to 96, averaging 81.
Fri.
Wednes. Thura.
I’mes.
Satur. I Mon.
Weatherford, Texas.—There has been no rain all the week.
10%
10», 6
10»,6
G a lv e sto n ... ionie
10», «
1 0 »,e
The conditions continue as favorable as ever. Average ther
10»,6
1 0 »,e
lu »,e
1011,6
1011,6
New Orleans. 101116
mometer 78, highest 96 and lowest 61.
10%
10%
10%
10%
10%
M obile........... 10%
10% 10%
New Orleans, Louisiana —it has rained on three days of
10%
S avan nah. . .
10%
10%
1078
10*!i
10%
10%
10%
10%
10%
C harleston. .
the week, the rainfall reaching two inches and forty-one
10%
10%
11
11
W ilm ington.. I l l s
10%
hundredths. The thermometer has averaged 79.
10%
10%
11
11
11
N orfolk ......... I l l s
Shreveport, Louisiana.—Rainfall for the week twenty11%
11
11%
11%
B oston....... .
11!%
11%
113s
1130
1138
1138
113s
11%
B altim ore....
four hundredths of an inch. The thermometer has averaged
1138
1138
1138
1138
11%
Philadelphia. 113s
82, ranging from 68 to 101.
_
1O1610
10%
1010,6
io «, e
1016ia
A n g u sta.......
1016,6
Columbus, M ississippi.—It has rained on one day of the
10%
10%
10 34
10%
11
10%
M em p h is___
10%
10%
10%
10%
10%
week, the rainfall reaching eighty-three hundredths of an
10*8
St Louis.......
10%
10%
10%
11
li
11
C incinn ati...
inch. Crop prospects flattering. The thermometer has
11
11
11
11%
liO n lB v ille ....
11%
1118
ranged from 55 to 96, averaging 78.
Leland, M ississippi.—Telegram not received.
R e c e ip t s p e o m t h e P l a n t a t i o n s . —The following table
Meridian, M ississippi.—Telegram not received.
indicates the actual movement each week from the plan
Greenville, M ississippi.—Rainfall for the week ninety
tations. The figures do not include overland receipts noi
Southern consumption; they are simply a statement o f the hundredths of an inch. The thermometer has ranged from
.
„ ,
weekly movement from the plantations of that part of the crof 68 to 96.
Clarksdale, M ississippi.—There has been no ram all the
which finally reaches the market through the outports.
week. Cotton is forming well and is clean.
Vicksburg, M ississippi.—Telegram not received.
Last
Receipts at the Ports. ist’k at Interior Towns. Rec’pts from PlanVns
Week
week it was showery on one day, the rainfall reaching seventy
Minding—
1888. 1886. 1887. I 1885. 1886. 1887. 1885. 1886. 1887.
hundredths of an inch. Average thermometer 76, highest
760 3,887 2,984 98, lowest 59.
Mar 80........ 7,429 29,447 10,626 64,235 174,496 64,868
58,588
156,692
486
4,986
3,485
9,765
67,807
6,964
22,790
" 27.......
Helena, Arkansas.—W e have had no rain all the week.
2,986 2,844 Crops are good. The thermometer has ranged from 60 to 96,
June 3........ 8,917 19,837 7,599 51.941 139.841 53,833
489 1,839 1,868
10........ 4,729 22,778 4,032] 47,701 118,907 51,659
averaging 80.
11,248
2,877 24,881 8,549 39,941 105,274 46,093
17.......
Memphis, Tennessee.—The weather has been hot and dry
5,721 1,523
2.155 14.863 2,364 85,972 96,632 45,252
“ 24.......
all the week, and crops are needing rain. Average ther
#
The above statement shows—1. That the total receipts from mometer 80, highest 97 and lowest 61.
Nashville, Tennessee.—W e have had no raih all the week.
the plantations since September 1, 1886, are 5,184,874 bales;
The
thermometer
has
averaged
78,
the
highest
being 96 and
in 1885-86 were 5,827,975 bales; in 1884*85 were 4,733,796 bales,
2. That, although the receipts at the outports the past week the lowest 60.
Mobile, A la b a m a —It has been showery on one day and
were 2,364 bales, the actual movement from plantations was
only 1,523 bales, the balance being taken from the stocks at has rained severely on two days of the week, the rainfall
the interior towns. Last year the receipts from the plantations reaching four inches and seventeen hundredths. The orop is
for the same week were 5,721 bales and for 1885 they were very promising. The thermometer has averaged 77, ranging
from 73 to 80.
---- bales.
Montgomery, Alabama.—W e have had rain on two days
A m o u n t o p C o t t o n i n S i g h t J une 24.—In the table below of the week, doing much good, and prospects are fine. The
w e give the receipts from plantations in another form, and add rainfall reached thirty-five hundredths of an inch. Cotton
to them the net overland movement to June 1, and also the bolls are appearing already.
takings by Southern spinners to the same date, so as to give
Selma, Alabama.—There has been rain on one day of the
substantially the amount of cotton now in sight.
week, the rainfall reaching ninety-five hundredths of an
inch. Average thermometer 82, highest 94 and lowest 68.
1886-87. 1885-86. 1884-85. 1883-84.
Auburn, Alabama.—Telegram not received.
5,187,182
4,715,039
4,782,(641
5,247,193
Receipts at the ports to June 24
Madison, Florida.—Telegram not received.
Interior stocks on June 24 In
Macon, Georgia.—Crop prospeots are favorable. Rain has
*2,808
*9,609
18,757
80,782
excess of Septem ber 1 ...........
fallen on one day of the week.
5,184,374
4,773,032
5,327,975 4,733,796
Columbus, G eorgia—It has rained on three days of the
T ot. receipts from planta’tns
771,792 807,051 596,331 562,100 week, the rainfall reaching two inches and ninety-eight hun
Met overland to June 1 ............
Southern oonsum pt’n to J uue 1 356,000 290,000 252,000 280,000
dredths. The thermometer has ranged from 71 to 95, averag
.
T otal In sight June 2 4 ........... 6,312,166 6,425,026 5,582,127 5,615,132 ing 81.
Savannah, Georgia.—W e have had rain on three days, the
N orthern spinners’ takings to
remainder
of
the
week
being
pleasant,
and
the rainfall reached
June 2 4 . . . . . . . . ....... ............... 1,545,211 1,699,978 1,315,449 1,491,764
one inch and thirty-eight hundredths. Average thermometer
* Decrease from September 1.
80, highest 99 and lowest 66.
Augusta, Georgia.—The weather has been favorable during
It will be seen by tbe above that the decrease in am ount in Bight
to-night, as compared with last year, is 112,860 bales, the increase the
week, with rain on four days.
The rainfall
« s com pared with 1884-85 is 730,039 bales, and the increase over
reached one inch and eighty-one hundredths. The crop is
1883-84 is 697,034 bales.
developing promisingly. The thermometer has averaged 82,
W eather R eports by T elegraph .—Our advices by tele the highest being 103 and the lowest 69.^
graph to-night indicate that in almost the whole cotton-belt
Albany, Georgia.—It has rained on one day of the week,
the weather continues very favorable. The reports from the rainfall reaching forty hundredths of an inch. Crops
Texas are of an especially satisfactory character, the present continue fine. The thermometer has averaged 84, ranging
outlook being for a largely increased yield. At a few points from 71 to 107.
in other sections it is claimed that rain is needed.
Atlanta, Georgia.—Telegram not received.
Galveston, Texas.—W e have had rain on two days o f the
Charleston, South C arolin a —We have had rain on four
week, the rainfall reaching seventy-three hundredths of an days of the week, the rainfall reaching one inch ahd seventeen
inch. The thermometer has averaged 80, ranging from 72 to hundredths. Average thermometer 80, highest 99, lowest 69.
86. Last week’s rainfall was four inches and seventy-nine
Stateburg, South Carolina.—There has been rain on two
. hundredths.
days of the week, partial on Monday and general on
Palestine, Texas.—Prospects are excellent. Rain has fallen Wednesday, with prospects of more. The rainfall reached
on one day of the week, to the extent of six hundredths of an sixty-seven hundredths of an inch. Cotton is flourishing.
inch. The thermometer has ranged from 66 to 98, averaging 79. The thermometer has averaged 81, the highest being 99 and
Huntsville, Texas.—There has been no rain all the week. the lowest 66.
The growing crop* are in unusually good condition. Average
Wilson, North Carolina.—Telegram not received.
thermometer 81, highest 95, lowest 65.
The following statement we have also received by telegraph,
Dallas, Texas.—The outlook could not be better. W e have showing the height of the rivers at the points named at 3 o’clock
had dry weather all the week. The thermometer has averaged
June 23, 1887, and June 24, 1886._________________ ]_________ .
82, the highest being 98 and the lowest 63.
June 23, ’87. June 24, ’8(
Austin, Texas.—The largest yield of cotton on record is
expected. There has been no rain all the week. The ther
Feet. Inch,. Feet. Inch.
2
mometer has averaged 81, ranging from 66 to 96.
12
1
6
New Orleans . . . . . . ..A b o v e low -w ater m ark.
8
20
0
Luling, Texas.—W e have bad dry weather all the week. M e m p h is ......... ___ A bove low -w ater m ark. 18
1
14
2
3
„
„
_
Above
low
-w
ater
m
ark.
N
a
s
h
v
ille
.........
O o p s are so fine that croakers have not been heard from.
6
3
13
6
. . . . . ....A b o v e low-water m ark.
Farmers are well up.with their work, and everything is in Shreveport..
6
1
27
V ic k s b u r g ........ ....A b o v e low -w ater m ark. 20
good condition. Never before has this section been so greatly
I
n
d
i
a
C
o
t
t
o
n
M
o
v
e
m
e
n
t
f
r
o
m
a
l
l
P
o
r
t
s
,
—The
receipts
blessed. The thermometer has ranged from 72 to 95, averag
and shipments o f cotton at Bombay have been as follows foi
in g 83.
Columbia, Texas.—Prospeots have greatly improved since • the week and year, bringing the figures down to June 23,
THE CHRONICLE,
J une 25, 1887,]
BOMBAY RECEIPTS AND SHIPMENTS POR POOR YEARS.
Shipments this week. Shipments Since Jan. 1. |
Receipts.
Year Great ! Oonti- ' . j Great I ContiThis
Total.
Year.
Brit’ n.l nent. dotal. j Britain] nent.
Week.
1887 .........1 1,000 1.000 328.000 609,OOC 937.000
1886 11.000 15,000 26,000 281.000 592.000 873.000
1885 3,000 ......... 3.000 194.000 410.000 634.000
1884 15.0001 8.000 2 1,000)458,000 563.000 1.021,000
23.000 1.375.000
25.000 1.279.000
18.000 945,000
¿3,000 1.487.000
According to the foregoing, Bombay appears to snow a
decrease compared with last year in the week’s receipts
of 2,000 bales, and a decrease in shipments of 25,000 bales, and
the shipments since Jan. 1 shew an increase of 64,000 bales,
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st o f January, for two
years, has been as follows. ** Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipments fo r the week.
Great
Britain.
Conti
nent.
1,000
1,000
Caloutta—
1 8 8 7 .........
1 8 8 6 .........
Madras —
1 8 8 7 .........
1 8 8 6 .........
All others—
1 8 8 7 .........
1 8 8 6 .........
Total all—
1 8 8 7 .........
1 8 8 6 .........
1,000
1,000
1,000
1,000
Shipments since January 1.
Great
Britain.
Continent.
2,000
88,000
51.000
103,000
34,000
191,000
85.000
1,000
6,000
3,000
1,000
7.000
3.000
19.000
20.000
15.000
10.000
113,000
74,000
119,000
44,000
Total.
1,000
2,000
Total.
31.000
30.000
EXPORTS TO EUROPE PROM ALL INDIA.
Shipments
to all Europe
fro m —
All other ports.
T o ta l..........
1886.
1887.
This
week.
1,000
1,000
1835.
Since
Jan. 1.
This
week.
Since
Jan. 1.
937.000
232.000
26,000
2,090
873.000
118.000
2,000 1,169,000
1% lb., 6%@7c. for 2 lb. and 7 ^ @ 7 ^ c . for standard grades,
but a fraction higher is asked for jobbing orders. Butts are
selling fairly and spot lots are quoted at 1 % ® 1 15-16o. for
paper grades and 2^@2>£o. for bagging qualities, but to arrive
less will buy.
Shipping News .—The exports o f ootton from the United
States the .past week, as p e rlatest mail returns, have reached
8,507 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bales.
Ne w Y o r k —T o Liverpool, per steamers Baltio, 6 6 9 ....C eltic,
2 0 7 ....C ity o f Richm ond, 1 ,0 0 0 ....C it y of Rome, 1 . . . .
Gallia, 40 3___W yoming. 7 0 0 ..................................................... 2,980
is o
To Hull, per steamer Chicago, 1 5 0 .......................... .................
To Bremen, per steamers Fulda, 763___ Saale, 1 ,2 0 0 ............. 1.9S3
1,461
To Hamburg, per steamers Amalfi, 9 7 6 ___Wieland, 485 . . . .
To Antwerp, per steamer Hermann, 82...................................
82
To Barcelona, per steamer Chandemagor, 9 0 0 ........................
900
To Genoa, per steamer Alsatia, 57 ..............................................
57
N e w O rleans — To Vera Cruz, per steamer Harlan, 120................
120
B altim ore —To Liverpool, per steamer Wontmore, 543..............
643
B oston —To Liverpool, per steamer Virginian, 4 ...............................
4
66
To Yarmouth, per steamer Yarmouth, 6 6 ..................................
P h il a d e l p h ia —To Liverpool, per steamer British Princess, 1 8 1
181
T o ta l...................................................................................................
28,000
This
week.
991,000
634,000
113.900
4.000
T o ta l...
Yarmouth,
Brem.
and
Liver
and
Ant- Barce
Vera
pool. Hull. Hamb. werp* lona. Genoa. Crus.
Total.
2,980
150 3,424
82
900
57 .........
7,593
......... ......... ___
.........
120
120
543
543
4
.........
éè
70
181 ......... ......... ......... .........
181
3,708
150
747,900
1886-87.
1385-86.
1,000
2,911,000
3,000
2,872,000
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
3,596,000
This
Since
week. Sept. 1.
E xports (bales)—
To L iverp ool..............
To Continent..............
2,000 253.000
2,000 148.000
1,000 229.000
1,000 170.000
298.000
2,000 198.000
Total E urope.........
4,000 401,000
2,000 399,000
2,000 496,000
Receipts (oantars*)—
This w e e k ....
Since Sept. 1
82
900
57
186
8,507
For Antwerp—June 21—Steamer Marseille, 500.
B o sto n —For Yarm outh—June 16—Steamer Yarmouth, 21.
B a l t im o r e —For L iv erp ool-J u n e 17—Steamer Baltimore, 255.
P h il a d e l p h i a —For L iverpool—June 2 1 —Steamer Ind ian a,------- .
For Antwerp—Juno 21—Steamer N ederland.------- .
Cotton freights the past week have been as follow s:
A lexandria R eceipts and Shipments.—Through arrange*
Satur.
ments we have made with Messrs. Davies, Benachi & Co., of
*18
Liverpool and Alexandria, we now receive a weekly cable of Liverpool,steam d.
....
Do
s a ll...d .
the movements of cotton at Alexandria, Egypt. The following
B16
are the receipts and shipments for the past week and for the Havre, steam . . . e .
....
D o sail.........c.
corresponding week of the previous two years.
Alexandria, Egypt,
June 22.
3,424
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
N e w O r l e a n s —For H a v re -J u n e 21—Steamer Marseille, 500.
Since
Jan. 1.
3.000
1.000
8,507
The particulars of these shipments, arranged in our usual
form, are as follow s:
232.000
118.000 1 New York.
N. Orleans.
that the movement from B altim ore.
B oston___ _
bales less than the same Philadel’la.
The above totals for the week show
the ports other than Bombay is 1,000
week last year. For the whole of India, therefore, the total
shipments since January 1, 1887, and for the corresponding
periods of the two previous years, are as follows:
817
1884-85.
* A cantar is 98 lbs.
Mon.
Tues.
X18
....
1ie
....
®16
••••
n 32
....
B18
....
Wednes. Thurs.
EH.
ha
116
»64
B16
....
B10
....
“ 32
»18
Bremen, s te a m ..c.
11S2
1183
“ 82
“ 82
....
___
Do
.sail . . . . e .
....
Hamburg, steam.c.
»10
B18
B16
B18
»18
»18
....
. ...
Do
s a ll,...e.
....
....
....
Amst’d’m, steam c.
35*
35*
35*
35*
35*
35*
....
....
....
....
Do via Leith d.
....
••••
Reval, steam ___d. “ i4® 318 “ c4®316 Il64®318 “ 64®SX6 1164®S16 , *64®316
....
Do sail..........d.
....
....
....
....
....
Barcelona,steamd.
“ 64
“ 64
1S64 318®“ e4 816® l364 8ie ® “ e4
Genoa, steam ___d.
*16
S16
3ib
316
»18
S16
Trieste, steam. ..d. 1604®*4 “ i4®*4 “ 64® *4 “ 04® h “ f 4® *4 *»84® *4
Antwerp, steam.d.
764
764
764
784
764
784
* Per 100 lbs.
Liverpool.—By cable from Liverpool we have the following
This statement shows that the receipts for the week ending
June 22 were 1,000 cantars, and the shipments to all Europe statement of the week’s sales, stocks, &c., at that port. We
tdd previous weeks for comparison.
4,000 bales.
Manchester Market.—Our report received bv cable to-night
June 3. June 10. June 17. June 21.
from Manchester states that the market is dull for both
yarns and shirtings, and that there is a more general resort to Sales of the w e e k .......... hales
37,000
81,000
55,000
29.000
short time. W e give the prices for to-day below, and leave
Of which exporters took ___
3,t)00
5,000
4,000
4.000
6,000
Of which speculators took ..
14,000
8,000
2.000
those for previous weeks of this and last year for comparison :
M ay20
“ 27
June 3
“ 10
“ 17
“ 24
8*4 lbs.
Shirtings.
Oott’n
Mid. 32« Cop.
Twist.
TJplds
d.
d. s. d. s. d.
d.
d.
d.
5*3le 7*ie ®79ie
75l6-71516 5 8 0 6 10
513J0 7*8 ®7«s
7®16—7U»)« 5 8 ® 6 10
........ Holi d a y ................. 5 78 7*« ® 739
7616_716X6 5 8*306 10*3 6
7*8 ®7®8
738 ® 8
5 8*336 10*3 6
7*8 ®7^8
5 8*2*6 10*3 5 78 7*8 ®7*^
738 ®8
8*4 lbs.
Shirtings.
s.
5
5
5
5
5
5
d.
7
7
7
7
7
7
s.
®6
®6
®6
®6
«6
®6
d.
7
7
7
7
7
7
Ooti’n
Mid.
TJplds
d.
5*8
5*8
5*8
5*8
5*8
5*8
E a s t I n d i a C r o p . — From the Bombay Company's (Limited)
Cotton Report of date May 20, we have the following:
The local mills have been very active, and, thinking the opportunity
favorable fo r laying in their m onsoon stocks, have been buying freely,
the purchases
on
their account fo r the fortnight
being
estimated at between 30,000 and 40,000 bales. With this source of
strength it is not surprising to see rupee prices maintained, especially
as there are a few large first hand sellers.
Cotton continues to arrive on a free scale, and receipts are larger than
w as generally expected would be the case at this time of year. It is
reported, however, that the Bhownugger crop is showing signs o f e x
haustion; but there is no doubt a fair quantity o f other descriptions of
Dholleras have still to come forward, w hich will help to counterbalance
this.
Sales A m erican .........................
Actual ex p ort.............................
Forw arded..................................
Total stock—Estimated............
Of which American -E stlm ’ d
Total Import of the w eek.........
Of which A m erican...............
Amount a flo a t...........................
Of which Am erican...............
19,000
9,000
8,000
924,000
686,000
36,000
4,000
179,000
20,000
42.000
7.000
6,000
879,000
654.000
29,000
8,000
194,000
17,000
37,000
9,00u
6,000
847,000
626,000
27.000
11,000
195,000
7,000
22.000
10,000
11,000
831.000
602.000
50,000
5.000
130,000
7.000
The tone of the Liverpool market for spots and futures each
day of the week ending June 24 and the daily closing prices
o f spot cotton, have been as follows :
Spot.
Saturday Monday. Tuesday. Wednes. Thursd'y. Friday.
Market, }
Small
12:30 p .m . £ Inquiry.
Upl’d s .......
Mid. Orl’ns.
Mid. S ales..
Spec. & exp.
Futures.
Market, Ì
12:30 f . m . j
j
Easy at
2-04 de
cline.
Market, ? Quiet and
4 P. M. ( steady.
w
0
SO
Small
Inquiry.
•
5 78
5 78
w
0
c
8»
7.000
1.000
5 “ i0
hoi
32« Cop.
Twist.
1886.
OC
OC
OC
1887.
Easy at
8-64 de
cline.
Steady.
5 7a
5 78
10,000
1,000
Fair
business.
5 7s
S78
8,000
1,000
Easy at
Easy at
1-04 (a. 2-64 1-04082-04
decline.
decline.
Quiet and
Firm.
steady.
J u t e B u t t s , B a g g i n g , & c .— There is an easy feeling in the
Flat.
j
bagging market and the demand is only moderate. Some
dealers are doing a little shading on prices, and in a large way
The opening, highest, lowest and closing prices oi futures at
orders can be filled at 5% @ 5^c. for V/%lb., 6 X @ 6 ^ c. for Liverpool for each day of the week are given below. These
[[VOL.. XLIV,
THE CHRONICLE.
818
Rye has been dull and unsettled. Barley malt continues in
prices are on the basis of Uplands, Low Middling clause, unless
fair demand, but prices cover a wider range.
otherwise stated.
The following are the closing quotations :—
(5^* The prices are given in pence and 64dhs, th u s: 5 63 means
6 63-64cI., and 6 01 means 6 1-6 id .
___________ ___
n o u s.
A n e ............ 9 b b l. $2 25® $2 95 9 mth’n com . e x tr a s ..$3 35® $3 65
Tu
cm
.,
J
u
n
e
2
1
.
M
on
.,
J
u
n
e
‘
J
O.
S a t., J u n e 1 8 .
S u p e r fin e ..... . . . . . . . . 2 60® 3 ; 0 3juthern bakers’ an «
fam ily tor d s-.f? b b l 3 75® 4 40
Spring wheat extras. 3 15® 3 45
Minn, clear and stra’t.
Winter shipp’ g extras.
Winter X X A X X X ..
P iten ts....... .
8 withem s u p e r s ......
Open High Low. Clos.
June..........
June-July..
July-A ug...
Aug.-Sept..
September.
8ept.-Oct...
Oet.-Noy...
Nov.-Dee...
Dec.-Jan...
d.
5 57
5 57
558
5 59
5 60
5 49
5 82
5 29
5 28
d.
5 57
5 57
558
5 59
5 60
5 42
5 82
5 29
5 28
d.
5 57
5 57
5 58
5 59
6 60
6 42
5 32
5 29
5 28
+ d.
5 57
5 67
5 68
5 69
5 60
5 42
5 82
5 29
5 23
W e d n e s., J une 2 2
June.......
June-July..
July-A ug..
Aug.-Sept..
September.
8ept.-0ct...
Oct.-Nov...
Nov.-Dee...
Dec.-Jan....
tA
<
Ei
ii
8
V
Í
1
z
p
<<1
Open High Low. Clos. Open High
d.
d.
d.
d.
d.
d.
5 53 5 58 5 52 5 52 5 53 5 53
5 53 5 53 5 62 5 52 5 63 5 53
5 54 5 54 5 58 6 53 554 5 54
5 55 5 55 5 54 6 51 0 05 5 55
5 56 5 56 5 65 5 0) 056 5 56
5 88 588 5 37 5 37 538 5 33
5 29 5 29 528 528 5 28 5 29
5 26 5 26 5 25 5 25 0 25 0 26
5 26 5 26 5 24 5 24 624 5 25
Low. Clos. Open High Low. Clos.
d.
5 53
5 53
5 54
5 55
5 56
538
5 28
5 25
.5 24
d.
553
5 53
5 51
5 55
5 56
5 38
529
5 20
5 25
d.
553
5 53
654
555
5 58
537
5 23
625
5 21
d.
5 54
5 54
5 55
5 56
5 57
6 39
5 29
5 26
5 25
d.
5 53
5 53
0 54
5.55
5 56
5 87
528
525
5 24
d.
5 54
5 54
555
656
5 57
6 89
629
5 24
5 25
_
Spring,per
bu sh .
Sprfng'So. 2 .........
Red winter, No. 2
Red w in t e r .........
White....................
Cbrn—West, m ixed
West. m ix. No. 2 .
West, w hite.........
West, y ellow .......
White S outhern..
Yellow Southern.
Receipts a t-
F r i d a y , P. M., June 2 4 ,1 8 8 7
There was some depression in the market for wheat flour
early in the week, from sympathy with the course of grain,
BBd lower prices were accepted for all except a few favorite
brands, of which there was some scarcity. The relative
cheapness of wheat for the early months succeeding June
was an element of weakness, proving especially embarrassing
to city millers, as their customers bought only to supply their
more urgent needs. To-day the market was fairly active and
firm.
The wheat market was generally depressed early in the
week, but exceptionalstrength, assuming the phases of a “ cor
ner,” was shown in parcels on the spot and for Jane delivery.
This position was broken on Tuesday, however, by heavy
shipments eastward by rail from Chicago, to supply the ex.
pected deficiency, and a slight general improvement in values
followed, the lo w e r piices having been attended by the re
newal of exports on a scale of great magnitude, the distant op
tions gaining more than July and August. Yesterday th°re was
some renewal of pressure on June contracts. The buying for ex
port was largely of spring growths for arrival in the next two
weeks, including, yesterday, large lines of No. 2 Chicago and
Milwaukee, at 84@85o. A violent storm has extended over a
large portion of the winter wheat section, and has probably
done some injury where the plant was nearly ready for the
reaper, Small quantities of new wheat have appeared in mar.
ket from southern latitudes. To-day there was early in the
day a fresh twist in June contracts, with business at 95c., but
a sharp decline followed.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Tues.
89
85
81%
85%
89%
....
95*8
Wed.
89%
85%
85
85%
89%
90%
95%
Thurs.
92%
85%
85 78
86%
t-0
91%
96
F ri.
92%
85%
85%
86
89%
95%
82 «
84 ®
86% B
83 »
84 ®
4o ®
46%®
50 ®
47 ®
50 ®
48 ®
Rye flour, superline..
Fine................. .
C >rn meal—
Western, A o . . . . . . . .
B r a n d y w in e ........
State A Pa., 9 bush.
89
Oats—M ix e d . . . . . . . . . .
85
W hite..........................
874a
No. 2 m i x e d . . . . . . . . .
90
No. 2 white ..............
88
Barley—C a n a d a ___ _
48
Two-rowed State----Six-rowed State-----53
Malt—State, 6-rov ed .
5L
State, 2-row ed ........
55
C a n a d a ....,. . . . . . . . .
51
Peas—C a n a d a ...... . . .
F lo u r
.
W h eat
.
Chicago........
Milwaukee..
Peorta..........
Duluth.........
Tot. wk. ’87.
Same wk.’84.
Same wk.’85.
Since J u ly ‘M
1888-7.. ..
1885-6........
1884-5........
O a ts
Corn.
.
.
Detroit........
Mon.
95%
85%
85%;
86
89%
90%
95
50
45
50
80
30
2 80®
2 20®
_
2 40®
2 70®
3 00
2 40
„ „
2 70
2 75
58 ®
32*4®
36 “4®
33%®
37 ®
.... ®
.... ®
.... »
80 ®
70 ®
85 ®
65 ®
62
35%
40
34
33
...»
•••a
....
85
75
100
66
The movement of breadstuflB to market is indicated intfc©
statements below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at Western
lake and river ports, arranged so as to present the compare tive movement for the week ending June 18, 1887, and since
B R E A D S T U F F S .
Sal.
94%
88
AUj^UQU w JtTV iy •>••• •••• * • 86%
September delivery............ 87%
December delivery............ 90%
January, 1888. d e livery .. 91%
96%
4
3
4
4
3
GRAIN.
Wheat-
F r i., J u n e 2 4 ,
T h u rs ., J a n e 2 3 .
3 7o®
3 15®
3 50®
4 30»
3 20®
.
B a r le y
.
Ryt.
-
BM*.196Ib> B u sh BOU» M ath 56 lb B u sh .39 Un AiMh.48(be|
29.238
717,041
681,579
79,374 1,916,319
24,315
59,700
2,400
149,095
49,701
500
2,100
16,511
80,690
3,951
24,169
2,000
70,156
8,002
27,417
19,00
55,217
0.424
1,800
114,495
212.805
04,073
21,744
7,803
173,000
152,300
21,200
2,160
74,063
46,203
63,673
211,564 2,430,818 1,087,203 1,118,522
41,849
850,733 2,211,158 1,093,178
171,090
87,345
114,750 1,148,216 1,792,151 1,299,529
9,316
1,080
55
1,449
9,352
21,250
19,891
28,901
1,929,840
9,882,382 83,992.453 77,471,723 01,273,401 21,272,515
7.723.912 55.049.70C 37,134.833 56,978,147 20,102,975
9,091,346 96,911,343 90 026,917 50,587,190 16,013,723
2,798,253
4,538,891
The receipts of flour and grain at the seaboard ports for the
week ended June 18, 1887, follow:
A tSfew York
B o s t o n .... .....
Montreal . . . . .
P hiladelphia...
B a ltim o re ......
R ic h m o n d ......
New O rlean s...
Flour,
Wheat,
bbls.
bush.
82,998 1,373,550
90,112
53,967
14,183 4 2 4 .6 11
12,189 212,977
62.624 234,447
550
3,950
11,309 175.000
Oats, B arley,
bush.
bush.
623,800 6,500
59,706
500
47,423
1,200
113,210
25,200
Corn,
bush.
379.594
66,990
151,506
24,677
116,404
R y f,
bush.
6,700
4,150
1,100
1 2 ,6 73
18,052
17,212
Tntalwftftk
2 4 1 2 2 0 2,511,197 769.056 889,491
J r w e Ä : : 156.192 1.587’.072 1 ,1 22,8 7!1,18 3,85 4]
8,200 10,850
......... 10,668
The total receipts at the same ports for the period from Jan,
1 to June 18, 1887, compare as follows for four years:
F lo o r ,.... ..b b ls .
1887.
6,602,531
*1886.
5,686,349
*1885
6,942,422
*1884.
5,942,981
bush.
...
'...r .
....
;.........
31,618,600
24,815.089
14,751,947
2,205,965
527,332
15,257,387
47.023.602
17,293.305
2,389.778
231.0)2
19,072.799
4 s ,236,516
17.163.330
2,327,213
616,355
16,137,512
26,264,740
13,262 ,064
2,399,553
2,627,804
73,918,933
82,200,124
87,419,243
60,691,673
Wheat..
C orn...,
OatB....
Barley.
R y e ....
Total g r a in ....
* Include one week extra.
The exoorts from the several seaboard ports for the week
andirur June 18, 1887, are shown in the annexed statement:
Kxports
from —
New York
B oston...
V. News..
Montreal.
Philadel.
Baltim’r«
N Ori’ns.
Rlchm’nd
Wheat.
Corn.
Bush.
786,298
23,020
Bush.
332,823
81,500
237.124
207,617
110,826
88,606
47,000
49.441
2,486
Flour.
Bbls.
44,196
55,002
2,970
23,350
876
83,502
635
7,630
Oats.
Peas.
Bye.
Bush.
Bush.
1,997 S 15,155
Bush.
1,527
25,580
27,598
30,652
"lO O
tuated very little. While futures have
.........
Tuesday,
been improving e
. . . parcels afloat have been
29,125
40,735
32,749
218,161
601,856
1,364,885
w ’b
pressed for sale, and yesterday No. 2 mixed by canal sold at Tot.
S me time
56,267
8,602
1886. .. 1,506,420 1,015,169 197,948 144,575
47c., delivered, but the same grade brought 46^c. in store
and elevator. Several parcels of No. 2 white have been sold
T h e d e s tin a t io n o f t h e e x p o r t s is as b e lo w .
W e ad d th e
at 58c. To-day the market was steady,but quiet,
oorresnondinar p e r io d o f la st y e a r f o r c o m p a r is o n .
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
J u ly d elivery........................ 46%
August d e liv e r y ..................... 4 7 %
September deli w y ....... . 48*6
O ctober delivery............................
Mon.
46%
47%
48%
. .. .
Tues.
46%
47%
48%
48%
Wed.
46%
47%
48%
45%
Thurs.
4- %
47%
4 %
. ...
F ri.
46%
47%
48%
. ...
F lour.
Exports
for week
io—
Oats show very little change in mixed grades, but white are
down nearly a cent a bushel, under increased offerings. T o . On.King.
Contin’nt
day mixed grades were dearer, but the market generally d u ll, 8. A C. Am
DAILY CLOSING PRICES OP NO. 2 OATS.
Sat.
J u ly delivery................ . . . . 33%
August delivery....... . . . . . 31%
September ci.;'ivery . . . . . . 31
Mon.
33
31%
31
Tues.
32%
30%
30%
Wed. Thurs.
32%
33
31%
31
31%
31
F ri.
33
31%
31%
W. Indies
Brit, col’ s
Oth.o’n ’ts
T o ta l...
1887.
Week.
June,19.
1886.
Week,
June 19.
Wheat.
1887.
Week.
June 18.
Bush.
640,559
721,326
Corn.
1887.
1886.
Week.
Week.
June 19. June 18.
Bush.
950,395
556,025
Bbls.
160,693
3,657
1 25.993
13.739
13,119
960
Bbls.
150.332
2,846
10,530
17,472
16,572
196
218,161
197.948 1,364,885 1.506,420
Bush.
520,377
61,364
5,423
14,308
384
1886.
Week,
June 19.
Bush.
757,619
227,396
20,021
8,478
1,200
455
601,856 1.015,169
819
THE CHRONICLE.
J u n e 25, 1887.J
By adding this week’s movement to our previous totals we 31^0., and 50x60s to 8c., at which figures there were more sell
have the following statement of exports this season and last ers than buyers at the close of the week.
Stocks last
season:
Saturday and for the three previous years were as fol
lows :
Flour.
Wheat.
Com,
Exports t o -
0n.Kingdom
-Continent...
r. AC,Am ...
West Indies.
Brit. Col'nies
Oth. eountr’s
Sept. 1,’S6, Sept. 1, ’85, Sept. 1, ’86, Sept. 1, ’85, Sept. 1. ’86, Sept. 1, ’85,
to June
to June
to June
to June
to June
to June
18. 1887.
19,1880. 18, 1887. 19, 1886. 18, 1887. 19, 1886
Bush.
Bush.
Bush.
BbU.
Bush.
BbU.
5,533,096 3,754,977 33,767,641 15,915,910 21,048,260 34,558,992
417,408
121,983 29,001,012 10,508,201 9,297,993 16,103,602
619,804
14,206
979,962
993,126
36,342
673,206
427,49*
651,532
5,109
268,393
729,280
8,071
70,953
34,199
430,574
13
401,523
58,157
55,810
32,489
45,814
24,990
135,440
June 18, «7im el9, [June 20,
g tocteof P rin t Cloths—
1887.
1886.
1885.
Held b y Providence m anul’rs. 131,000
68,000 449,000
Fall E lver m anufacturers... 265,000 105,000 336,000
151,000 324,000
Providence speculators......... 57,000
Outside speculators (est)....... 60,000
20,000 260,000
Total stook, (pieces)............ 513,000
June 21
1884.
318,000
467,000
285,000
160,000
344,000 1,369,000 1,230,000
Dark fancy prints were in better demand by package buyers,
and a fairly active business was done in dark dress gingham«,
staple ginghams and printed sateens by the leading commis
Total......... 7,901,825 3,765.985 02,944,112 20.489,253 39,080,910 52 043.711
sion houses.
The visible supply of grain, comprising the stocks in granary
D o m e s t ic W o o l e n G o o d s —Men’s-wear woolens were dis
at the principal points of accumulation at lake and seaboard
tributed in fair quantities in execution of baok orders, but the
ports, andin transit by water, June 18, 1887 :
current demand was light and disappointing to holders. For
Wheat,
O om ,
Oats,
B ye,
B ar let >
la store a t —
hush.
hush.
bush.
bush.
busf,‘ cassimeres, suitings, worsted coatings, cheviots and overp
New Y o r k ............ 1,905.368
691.729 317.180
17,160
6,850
335,500
116.300
46,400
16.000
......... coatings the demand by the clothing trade was of a strictly
Do afloat.........
A lbany..................
.........
52,000
80,100
14.433
......... hand-to-mouth character, and cloakings have displayed very
Buffalo..................
533,851
465,969
138,493
5,833
7,891
little animation. Satinets and Kentucky jeans were lightly
.........
....... .
......
......
......
Do a f l o a t ......
Chicago...................16.887,914 5,073,513 937,770 100,136
14,783
Do a flo a t ......
.........
.........
.......................
. . . . . . dealt in, but prices remain unchanged, and stocks are in good
Milwaukee............ 1,456,211
21,467
15,057
8,561
26,242 shape as a rule.
All-wool and worsted dress fabrics con
.........
.........
Do a f lo a t ......
......
......
......
tinued in fair request, and Jersey cloths and stockinettes
Duluth.......... .
6,303,422
.........
.........
.........
......
T oledo...................
298,437
122,210
17,381
5,407
......
were in pretty good demand by the manufacturing trade.
103,878
21.395
26,435
............................
D etro it................
* Oswego................
70,000
43.000
1,100
36,500 Flannels were only in moderate demand, but agents contin
Bt. Louis................
168,206 1,832.622
93,214
19,835
2,381
ued to make liberal shipments on account of baok orders, and
Do afloat.........
30,000
50,000
.............................................
Cincinnati............
37,000
22,000
67,000
14,000
8,000 auction purchases and prices are generally firm. Blankets
63,889
71,771 178,755
1.319
7,095
B o sto n .................
were in moderate request, and there was a fairly good busi
.........
22,663
4,249
24,684
Toronto.................
155,904
M ontreal.............
301.532
8,978 155.597
16,978
13,674
ness in carpets, wool hosiery, heavy wool and merino under
P hiladelphia.......
670,774
200,586 133,594
............................
Peoria....................
.........
248.185 463,794
10,134
.........
wear and fancy knit woolens at firm prices.
Indianapolis.......
20,500
14,678
15.750
228
........
F o r e ig n D r y G o o d s . —There was a somewhat freer move
Kansas C ity.........
66,762
299,941
6,327
............................
B altim ore. . . . . . . .
480,104
108,149
......
.........
......
M inneapolis. . . . . . 5,603,607
......
......
. . . . . . ment in some descriptions of fall goods on account of orders
Bt. Paul.................
450,000
.................................................................. placed some time ago with importers, but the demand for
O n M ississip p i...
125,400
136,455
20,170
............................
seasonable goods was almost wholly of a hand-to-mouth
On lakes................ 2,884,932 1,024,901 157,584
10,000
........
O n canal & r iv e r . 2,264,000 1,145,400
90,700
............................ character and light in the aggregate amount. The jobbing
T o t.J u n e l8 , *37. 41,217,221 11,771,149 3,013,969 245,423 148,100 trade in foreign goods was light and irregular, and the auction
Tot. June 1 1 ,’87 . 42,112,176 12,516,074 3,282,808 253,880 168,815
Tot. June 19,’86. 30,909,101 9,388,335 2,730,981 288,838 252,089 rooms presented no offerings of importance. Prices of staple
T ot. June 20,’85 f 37.330,400 5,906,297 3,759,449 187,291 184.475 imported fabrics are generally steady here and at the sources
Tot. June 21,’841 14,993,058 8,530,645 3,394,168 467,285 299,245
of supply abroad.
* Last week’s stock; this week’ s not received,
t Minneapolis and St, Paul not included.
N ote .—A lso 40,000 bush, w heat on Ohio E lver bound eastward.
THE
DRY GOODS T R A D E .
N e w Y o b k , Friday, P. M „ June 2 4 ,1 8 8 7 .
At first hands the demand for dry goods was comparatively
light the past week, the near approach of the period devoted
to “ stock-taking” having caused many buyers to limit their
purchases by positive requirements. There was, however, a
fair business in some descriptions of fall goods, as dark ging
hams and prints, dress fabrics, hosiery, knit underwear, eto.,
considerable shipments of which were made by cheap transpor
tation routes to Western and Southwestern markets. There
was also a good steady movement in staple cotton and woolen
goods on account of previous transactions, and altogether the
business of the week was by no means unsatisfactory for this
usually quiet stage of the season. The jobbing trade has re.
lapsed into a quiet condition, as is invariably the case “ between
seasons,” but the re-order demand was of very fair proportions
under the circumstances—a pretty sure indication that stocks
n the hands of retailers are badly broken. Values of both
domestic and imported fabrics of a staple character remain
¡steady and unchanged, print cloths alone having slightly de
clined during the period under review.
D o m e s t ic C o t t o n G o o d s . —The exports of cotton goods
from this port for f the week ending June 21 were 888 pack
ages, valued at $55,761. These shipments include 421 to
South America, 145 to the West Indies, 212 to Central
America, 94 to Mexico, 52 to Europe, 16 to China and 48 to
all other countries. Since the 1st of January the exports
aggregate 94,764 packages, valued at $5,569,341, Of this total
China has had 52,449 packages, valued at $2,476,725; and
17,791 packages, valued at $1,269,738, have gone to South
America. For the similar period of 1886 the exports to all
ports reached 103,420 packages and in 1885 were 77,661 pack
ages. Staple, plain and colored cottons were distributed in
very fair quantities on account of previous transactions, and
stocks are in such exceptionally good shape that prices re
main firm all along the line, but new business was confined
within very narrow limits. Print cloths ruled quiet, and the
tone of the market is easier, e^tra 64x649 having declined to
I m p o r t a t io n s o f D r y G o o d s .
The importations o f dry goods at this port for the week
ending June 23,1887, and since Jan. 1, and the same facts for
the corresponding periods are as follows:
THE CHRONICLE.
820
ïfa r m
B o n d s o f “S u r e t y s h i p .
NO
SEND FO R
&
K N O X 'S
KANSAS
IN V E S T O R S ’
W e d o n o t o ffe r 3 O p tio n s for Investors, but th e o n e , and that is our U n c o n d i
t i o n a l G u a ra n te ed 8 p e r c e n t L o a n « . Interest aud Principal collected and rem itted to
lender on date o f maturity, free o f c o s t.
D o n ot loan your m oney at 6 and 7 per cent interest when you can as easily get 8 per oent on
the sam e class o f security. M oney is worth 8 p er cent interest and is bringing that in this State.
I f a 6 per cent loan is made a second m ortgage is taken for the other 2 per oent, and if a 7 per
Oent loan is made a second m ortgage is taken fo r the other 1 per oent, and in addition the agents
get the usual commission. W h y n o t g e t th e t o l l b e n e fit y o u r s e lf o n y o u r m o n e y ?
W e have a capital o f $100,000 to back our guarantee, but the best guarantee possible
Is the character o f the loan itself,
Loans range in amounts o f $250 to $10,000, but generally $300 to $ 3 ,0 0 0 ; tw o to five years
tim e ; security three to four times the amount o f the loan.
K N O X . In vestm en t B r o k e r s , T o p e k a , K a n s a s .
E Q U IT A B L E
M ortga ge C om pany.
Capital Subscribed.......................$ 2 ,0 0 0 ,0 0 0
JPsdd In (Cash)................................. 1 ,0 0 0 ,0 0 0
D E B E N T U R E S .
hearing 6 per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the American Loan Sc Trust Company, of
Mew York, for th« benefit of the bondholders. Their
safety, time to run and rate of interest make them
the most desirable investment now offered. Also,
GUARANTEED FARM MORTGAGES.
OFFICES:
Hew York, 208 Broadway I Philadelphia, 112 S.4th St.
Boston, 28 Court St.
I Kansas City, 7th& Del.Sts.
0
T h e American Investment Company, of Em
jnetsbnrg, Iowa, with a paid-up capital o f 8(100,OOO, surplus $ 7 5 ,0 0 0 , offers first Mortgage
Loans drawing seven per cent, both Principal and
Interest fully Guaranteed. Also 0 per cent 10year Debenture Bonds .secured by 105 percent of first
mortgage loans held in trust by the Mercantile
V rn st Co., N. Y . Five per oent certificates o f
deposit for periods under one year. Write for full
Information and references to the company at 1 5 0
Jffaeoau St., M. Y.
A . L . O R .M 8B Y ,
Vice-President and General Manager.
Farm Mortgages
In Sums o f $100 and Upwards on
Indiana and Ohio Bonds.
NOTHING SAFER. ALWAYS PROMPTLY PAID.
SEND FOR PAMPHLET.
J O S . A . M O O R E ,’
8 4 E a s t M a r k e t S t.. I n d i a n a p o lis , l u d .
INVEST TH RO U G H T H E SOUND
R E L IA B L E
AND
WESTERN FARM MORTGAGE CO.,
LAWRENCE, KAN.
F. M. P e r k in s , Pres’t.
L. H. Per k in s , Sec.
Paid Up Capital,
$ 2 5 0 ,0 0 0
The choicest hirst Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon its
paid up tapitaland assets of over $050,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
full information, Branch offices in N. Y. City and
Albany. New York Office 137 Broadway.
C. C. HINB Sc SON. Agents.
Real Estate Mortgages on City
NORTH
and Farm Property,, worth two
four times amouim of mort
WESTERN to
gages, In terest 0 pier cen t to
cen t, principal and inter
GUARANTY 7estp er
absolutely guaranteed. Se
for guaranty held by the
LOAN CO., curities
American Loan Sc Trust Com
MINNEAPOLIS. pany, of Boston, Mass.
Send for circulars to
Paid-Up Capital, NEHER & CAR PE N TE R
$ 200 , 000 .
Authoris’d Capital
$ 2 , 000 . 00 0 .
OTHER BUSINESS.
The Guarantee Co*
G U ID E ,
Containing the Compiled Laws o f Kansas relating to the Mortgage Contract
and Taxes; References and F ull Information about
Our Method o f Loaning.
HODGES &
XLIY,
%xxtôt (ßompixuUB.
J P -o r tg a & c s .
K A N SA S 8 % LO AN S.
HODGES
[ Y ol,
Bankers, Troy, N. Y .
Eastern Managers for Company
OF NORTH AMERICA.
Gash Capital.................................................... $300,000
Assets and Resources..................................... 830,000
Deposit with Insurance Department............ 240,000
President:
Vice-President :
Bib A n s i. T.
galt,
H on . Ja s .
fk rrieb .
Managing Director : E d w ar d Ra w lin g s .
NEW YORK OFFICE :
NO. I l l B R O A D W A Y .
D. J. TOMPKINS, Secretary.
Nsw Y ork D m s ctors—Joseph W. Drexel, A. I>.
Hopkins, H. Victor Newcomn, John Paton, Daniel
Torrance. Edw. F. Winslow, Erastns Wlman, F. P.
Olcottand J. E. Pulsford.
F ID E L IT Y &
C A S U A L T Y CO.
Nos. 214 Sc 210 BROADWAY, NEW YORK.
Cash Capital, $250,000, invested in U. S. Gov’t Bonds ■
$200,000 deposited with the N. Y. Ins. Dept, for
the protection of Policy-holders.
Assets, January 1st, 1887, $578,105.
Officials of Banks, Railroads and Express Compa
nies, Managers,Secretaries, and Clerks of Public Com
panies, Institutions and Commercial firms, can obtain
BONDS O F S U R E T Y S H IP
from this Company at moderate charges.
The bonds of this Company are accepted by the
courts of the various States
CASU ALTY D E P A R T M E N T .
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, ¿to., can be
obtained at head office, or of Company’s Agents.
W m . M. Rich ar d s ,Prest. Geo. F. Se w a r d ,V -P r eat.
John M.Cr a n e , Sec.
RoBT.J.HmLAS.Asst.Seo.
DIRECTORS:
Geo. 8. Coe,
A B. Hull,
Alex. Mitchell,
J 8. T. Stranahan, H. A. Hurlbut, A. S. Barnes,
Alex. E. Orr,
J. D. Vermilye, .7.G. McCullough,
G. G. Williams,
John L. Hiker, Thos. S. Moore.
Geo. F. Seward,
Wm. M. Richards.
ESTABLISHED 1865.
Eu ge ne R . Co le,
S T A T IO N E R A N D P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Corpo
rations with complete outfits of Account Books and
Stationery
| W New oonoerns organising will have their orders
promptly executed.
N o. 1 W IL L IA M
STREET,
(HANOVER SQUARE.)
I p M s c je lla n je jc r m
p lis c c X X a n tö u s .
ONLY
Crenshaw & Wisner,
a * a 1 8 E x c h a n g e P la c e , N e w Y o r k ,
CO M M ISSIO N M E R C H A N T S ,
Members o f the Cotton, Coffee and Produoe Exoh’s
a g e n cy o r
THE
HAX ALL
CRENSHAW
CO.,
RICHMOND, Y A .
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
0B IE N T GUANO MANUFACT’G CO.,
ORIENT, L . I.
Standard Superphosphates.
SULPHUR
MINES COMPANY
OF V IR G IN IA .
High Grade Pyrites free from Arsenic.
B A G G IN G .
W A R R E N , JO N E S A
«R A T E ,
S T . L O U IS , M o .
Manufacturera of Pnre Jute Bagging.
IMPORTERS OP
IR O N
COTTON
T IE S .
Brinckerhoff, Turner
6c C o.,
Manufacturers and Dealers in
C O T T O N SA IL D U C K
And all kinds of
COTTON CANVAS, FELTING DUCK, CAi
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, ScC., “ ONTARIO” SEAMLESS
BAGS. “ AWNING STRIPES.
Also, Agents
U N IT E D 8 T A T E S B U N T I N G GO.
a full supply, all Widths and Colors, always in stock
N o . 1 0 9 D u a n e S treet.
B liss, F a b y a n 6c C o .,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
B R O W N & B L E A C H E D S H IR T IN G S
A N D S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, AS.
T o w e le ,Q u lltfl, W h i t e G o o d s A H o s ie r y
Drills, Sheetings, dc, fo r Export Trade.
SECURE BANK VAULTS.
ü a lje s .
Direct Line to France.
HENERAL TRANSATLANTIC CO.
B e tw e e n N E W Y O R K a n d H A V R E
From Pier (new) 42, North River, foot of Morton St.
LA BOURGOGNE, Frangeul... Sat., June 25,8 A. M .
LA GASCOGNE, Santelli .........Sat., July 2, it P. M.
LA NORMANDIE, de Kersablec, Sat., July 9, 8 A.M.
Travelers by this line avoid bout transit uy angnsn
railway and the disoomforts of crossing the Channel
in a small boat.
Price ox Pa ssa g e (including wine):—To Hayre—
First cabin, $100 and $80 ; second cabin, $00: steer
age, $22—including wine, bedding and utensils. Re
turn tickets at much redn je J rates. Checks onBanqne
T ran satlantique, Hiivr
. i Paris,in am o u n t tosnit.
S p e cia l T ra iti
ia v r e to P a r le .
The Compagnie (ie..•>
nsatlantique delivers
at its office in New York.
,ai train tickets from
Havre to Paris. Baggage cnecxed through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s dock in
New York, Pier 4 North River, foot of Morton St.
at least two hour before the departure of a steamer
L O U IS D E B E B I A N , A g e n t,
N o . 3 B o w l i n g Green*
g tfM tc a tix r s .
R E A D Y JU LY 12.
H A N D -B O O K
:o f
WELDED CHROME STEEL AND IRON
In Bound and Flat Bars, and 5 ply Plates and Angle
F O R SAFES, VAULTS, &o.
Cannot be Sawed, Cut or Drilled, and practically
Burglar-Proof.
CHROM E
O i e u k r s Free.
STEEL
W ORKS,
B R O O K L Y N , N . IT.
STOCKS and BONDS
A t Auction.
The Undersigned hold R E G U L A R AUCTION
SALES, o f all classes of
STO CKS
AMD
BONDS,
ON
WEDNESDAYS AND SATURDAYS.
A D R I A N H . M U L L E R & SO!?,
NO. 1 FINE STREET, NEW YORK.
Railroad Securities.
J U L Y , 1887.
Price in Red Leather Covers, - • $1 00
To Subscribers o f the Chronicle,
75
W IL L IA M
B . D A N A & C O .,
102 W ILLIAM STREET, NEW YORK.
TH E ; CHRONICLE!
Juins 36, 1887.]
71
JBatrks, jpatxttjers an ft ftvohtts ©ut ut |t eur ‘gxrtïu
BAN K S.
N E W ENGLAND.
SOUTHERN.
Bank o f Buffalo,
Irving A. Evans & C o.,
A. L. Hartridge,
BUFFALO, N. Y .
BANKERS AND BROKERS,
g. 8 . J e w e t t , Pres. W * . C. C o r n w e l l , Cash’r.
N o. 53 S T A T E S T R E E T ,
C a p ita l....9 3 0 0 ,0 0 0 I s*urplus....... # ¿ 5 0 .0 0 0
BOSTON.
This Bank has superior facilities for making Col
lections in and out of the city on the most liberal
terms, and with careful attention to the best inter MEMBERS OF BOSTON, NEW YORK AND
ests of its correspondents.
PHILADELPHIA STOCK EXCHANGES.
Co r r e s p o n d e n t s :—Importers’ & Traders’ Na
tional Bank and Chemical National Bank, New York; S to c k s a n d B o n d s B o u g h t a n d S old
Merchants’ Loan & Trust Co., Chicago; Union Bank
In a l l M a r k e ts .
of London, London.
J. S. A l e x a n d e r , Pres.
S A V A N N A H , G A .,
SECURITY
BROKER.
Buys and sells on commission all Masses of Stooks
and Bonds.
Negotiates loans on marketable securities.
New York Quotations furnished by private tloker
every fifteen minute.
B A L T IM O R E .
A . A . A l e x a n d e r , C ash’r.
Wilson, Colston & C o.,
Texas National Bank, Brewster, Cobb
BANKERS AND BROKERS,
S A N A N T O N IO , T E X A S .
& Estabrook, (Members
of Baltimore Stock Exchange),
COLLECTIONS AND INVESTMENTS MADE.
Correspondence invited.
W.
T. B l a c k w e l l , Pres’t.
P. A . W
il e y
,
Cashier.
The Bank o f Durham,
DURHAM ,
N . € .,
BANKERS,
No.
35
C O N G R E SS
STREET,
BO STON .
W E M R R M OF TH E NEW YORK AND
BOSTON STOCK EXCHANGES.
Pay Special Attention to Collections.
ALSO ,
FIRST-CLASS FACILITIES.
New York Correspondents.—T h e National Park Bank
and Seventh Ward National Bank.
D ealer« In m u n ic ip a l, S ta te, R a ilr o a d
a n d U n ite d S tates B o n d s .
H. g a b d k s ,
E. P. H i l l
R. a . G i r a u d ,
President.
Vtoe-Prest.
Cashier.
Jo s h u a W i l b o u k ,
Ch a r l e s H . Sh e l d o n , J b
B e n j a m in A . Ja c k s o n , W il l ia m B i n n e y , j k .
Commercial National Bank, Wilbour, Jackson & C o.,
HOUSTON, T E X A S.
C ap ita l,
. . . . .
.
# 4 0 0 ,0 0 0
Collections receive our special attention and are
promptly remitted for.
J. G. Fletcher, < STATE BANK. )C. T. Walker,
President. < Incorporated 1875. > Cashier.
German National Bank,
bu rru ss,
Pres’t.
A. K.
W
alker
,
Cashier.
ESTABLISHHD 1871.
P. F. Keleher & C o.,
OLIVE
STREET,
S T . L O U IS .
Dealers in Western Securities and Local Bonds,
Stocks and prime Commercial Paper.
BANKERS AND BROKERS,
N o . 3 5 S o u th T h ir d S t., P h ila d e lp h ia .
Railroad, M u n ic ip a l and other d e s ir a b le Invest
ment Securities for sale.
C H IC A G O an d B O ST O N .
Transact a genoral banking business. Allow inter
DOMnC o f Counties, Cities, Ac., of high grade a
est on deposits.
Members o f the Philadelphia and New York Stock pUlvUO specialty. Send fo r D escrip tiv e L ists .
Exchanges, and connected by private wire with Neu
York.
N. W. Harris &
Narr & Gerlach,
R A N K E R S AND B R O K E R S ,
No. 437 CHESTNUT STREET,
P H IL A D E L P H IA .
Members of the Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills of Exchange and Letters of
Credit.
Rea Bros. & C o.,
BANKERS AND BROKERS,
C o.,
*
MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
P I T T S B U R G , PA.
ESTABLISHED 1871.
Whitney & Stephenson,
BANKERS AND BROKERS.
N o. 57 F O U R T H A V E N U E ,
ldest Pittsburg members N.Y. Stock Exchange,
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
in s u r a n c e .
The United States Life
Insurance Co.
C IT Y OF N E W Y O R K .
(ORGANIZED IN 1850.)
G. H. BURFORD, President,
O.P.FBALHGH,8ec.
A. W hexlw right , Ass’t See.
W m. T. Standbn , Actuary.
All the profits belong to the Policy-holders exclu
sively.
All PollMes Issued by this Company are in d ispu t
a b l e after three years.
All Death Claims paid w ithout discount as soon
as satisfactory proofs have been received.
This Company issues all forms of Insurance, In
cluding Tontine and Limited (Non-Forfeiting) Ton
tine.
One month’s grace allowed in the payment of
Premiums on Tontine Polioies, and ten days’ grace
on all others, the Insurance remaining In full force
during the grace.
Absolute security, oombined with the largest liber
ality, assures the popularity and success of this com
pany.
GOOD AGENTS, desiring to represent the Com
pany, re invited to address J. S. GAFFNEY, Super
Intar dent of AgenMes. at Home Office.
TH E
E Q U ITA BLE LIFE
SOUTHERN.
ASSURANCE SOCIETY.
ATLANTA.
Humphreys Castleman,
BROKER AND DEALER IN ALT, KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission;
Geyrgla and Alabama Securities specially dealt in.
Correspondents: Tobey A Kirk and A. Dutenhofer,
New York.
References: Atlanta National Bank, Atlanta, Ga.,
and Fourth National Bank, New York.
AND DEALERS IN FOREIGN EXCHANGE,
425 W o o d Street, Pittsburg, P a .
STREET,
’(1 , 262 ft 263 Broadway, New York
317
E. W . Clark & Go.,
SOUTH
R A L T IM O R E ,
Chas. H . Potter & C o.,
BANE,
P E N N S Y L V A N IA .
7
IN T H E
W ESTERN.
Investm ent B an k ers, C lev elan d , Ohio.
Sp e c i a l t i e s : Town County and City Bonds; L ak e
Superior
Iron Mining Stooks, “ Republic ” “ Cham
W I L M I N G T O N , N . C.
pion,” "Cleveland” and “ Jackson.” St r e e t R a i l
Collections made on all parts of the United States. w a y s — Denver City Street Railway Co., of Denver,
Col.; Street Railway Co., of Grand Rapids, Mich.;
Metropolitan Street Railway, of Toledo, Ohio,
R IC H M O N D , V IR G IN IA .
Collections made on all Southern* points on best
terms; prompt returns.
JOHN P. BRANCH, President.
J o h n F. G l e n n , Cash. F r e d . R. S c o t t , Vice-Pres’t
BANKERS,
N o.
P R O V ID E N C E , R . I.
Dealen in Commercial Paper, Government and
other Unt-claM Bonda and Securities and Foreign
Bxchange.
._
Private Telegraph Wire to New York and Boston.
First National Bank,
MERCHANTS’ NATIONAL
Robert Garrett & Sons,
BANKERS AND BROKERS,
N o. 52 W E Y B O S S E T S T R E E T ,
L IT T L E R O C K , A R K AN SA S.
C a p ital ( P a i d I n ) - - - - - # 2 0 0 ,0 0 0
Prompt attention given to all business in onr line.
N. Y. C o r r e s p o n d e n t s .— Importers’ A Traders'
National Bank and National Bank of the Republic.
H. E.
R A L T im O R E .
(INVESTMENT and SOUTHERN SECURITIES a
specialty.)
Correspondence solicited and Information for«
nished.
N. Y. Correspondents—MoKim Brothers A Co.
C. W . Branch & C o.,
BANKERS AND BROKERS,
St a ti Bank Building
R IC H M O N D , VA.
Private wires connecting with Washington. Balti
more, Philadelphia and New York
New York correspondents Prince A Whitely
T H O M A S R R A N C H & CO.,
BANKERS AND COMMISSION MERCHANTS
R IC H m O N D , V I R G I N I A .
Circulars and Information on funding the debts ol
Virginia and North Carolina free of cost; one-eighth
per cent obarged for funding. Southern Railroad
and State and City Bends bought and sold: .
In S urplus (namely the exceee
of accumulated funds over liabili
ties), in P remium I ncome, in the
amount o f A ssurance in F orce, the
Equitable Life Assurance Society ex
ceeds every other life assurance com, and may be regarded as the
w ist and strongest organization oi
its kind in the world.
E
Assets, January 1, 1887........$75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis. -. $16,355,875.76
Now Assurance in 1886.... $111,540,203.00
Outstanding Assurance.... $411,779,098.00
Chronicle Volumes
S IN C E
1870.
W I L L I A H B . D A N A Sc C O ..
102 W ILLIAM STREET) NEW YORK
THE CHRONICLE.
Vili
Qxu&t Companies.
Qxn&t ©tfmpjrotjes.
[Voi*. XLTV,
ty ttsn v n u t& e
Union Trust Company United States Trust Co.
OF N E W
YORK)
73 Broadway, eor. Rector St., N. Y.
OF N E W YORK,
No. 49 W A L L S T R E E T .
C a p ita l a n d S u rp lu s,
9 6 ,0 0 0 ,0 0 0
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
or trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn
af er five days’ notice, and will be entitled to inter
est for the whole time they may remain with the
company.
Ex. cutors, administrators, or trustees of estates,
and females unaccustomed to the transaction of
business, as well as religious and benevolent institu
tions, will find this company a convenient deposit
ory for money.
JOHN A. STEWART, President,
GEORGE BLISS, Vice-President,
JAMES 8. CLARK, Second Vice-Pres’t
C A P IT A L , - - - * - - - * 1 ,0 0 0 ,0 0 0
IU R P L I7 8,
- - - - - $ » ,5 0 0 ,0 0 0
Authorized to aot as Executor, Administrator
Guardian, Receiver, or Trustee, and is
A LEGAL DEPOSITORY FOR MONEY.
Accepts the transfer agency and registry of stocks,
and acts as Trustee o f mortgages of corporations.
Allows Interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
interest for the whole time they remain with the
oompany.
For the convenience o f depositors this company
also opens current accounts subject, in accordance
with Its rules, to check at sight, and allows interest
upon the resulting dally balanoes. Such checks pass
through the Clearing House.
TRUSTEE8:
TRUSTEES!
Dan. H. Arnold, John J. Astor, «Geo. H. Warren,
James M. McLean,
Wm. Whltewright,
Thos.
Slocomb,
John
A. Stewart, George Bliss,
Ambrose
C.
Klngsland,
Henry A. Kent,
Charles E. Bill, S.M.Bucki’gham, William Libber,
James H. Ogilvie,
R.T. Wilson,
Wilson G. Hunt, H. E. Lawrence, John C. Brown,
S. T. Fairchild.
Wm. F. Russell,
Clinton Gilbert, Isaac N. Phelps, Edward Cooper,
I. H. Frothingham,
C. D. Wood,
Daniel D. Lord, Erastus Corning, W.Bay’rdCutting
George A. Jarvis,
James N. Platt,
Samuel Sloan, S. B. Chittenden, Chas. S. Smith,
C. Vanderbilt,
D. C. Hays,
James Low,
JohnH.Rhoades, Wm.Rockefeller,
A . A. Low,
James Forsyth,
Wm. W. Phelps, Anson P. Stokes, Alex. E. Orr.
G. G. Williams,
Charles H. Leland,
D. Willis James, KoDt.B.Minturn, Wm. H. Macy,
R. G. Remsen,
Edward King,
HENRY L. THORNBLL, Secretary.
J. B. Johnston,
B. B. Wesley,
LOUIS G. HAMPTON. Assistant Secretary.
Edward Schell,
D. H. McAlpin,
Amasa J. Parker
George B: Carhart,
Samuel F. Barger,
Chauncey M. Depew,
Robert Lenox Kennedy, Geo. C. Magoun.
EXECUTIVE COMMITTEE :
Wm. Whltewright,
G. G. Williams,
James McLean,
E. B. Wesley,
113 B R O A D W A Y , NEW Y O R K .
Geo. C. Magoun,
C. D. Wood,
D. C. Hays,
A. C.Klngsland. Capital, Fully Paid....................... 8 1 ,0 0 0 ,0 0 0
EDWARD KING, President,
THIS COMPANY TRANSACTS A GENERAL
JAMES M. MCLEAN, First Vioe-Pres’t,
LOAN, TRUST AND FINANCIAL BUSINESS.
JAMES H .OGILVIE, 8eoond Vioe-Pres’ t.
A. O' RONALDSON, Secretory.
Receives Money on Deposit subject to check, and
A. W. KELLEY, Assistant Secretary.
allows Interest on balances.
All Checks pass through the Clearing-house.
MAKES INVESTMENTS OF MONEY.
ACTS AS EXECUTOR, ADMINISTRATOR,
COMPANY, OF
GUARDIAN, TRUSTEE, ETC.
ALSO, AS REGISTRAR AND TRANSFER AGENT.
B A L T IM O R E .
IW An Authorized Depository for Court and
•
8 5 0 0 ,0 0 0 County Treasurers’ Fund.
.
§»,000.000 ROWLAND N. HAZARD, President.
uthorized Capital,
GEORGE S. HART, Vice-President.
Authorized to act as Executor, Administrator,
WILLIAM D. SNOW, Secretary.
Guardian, Receiver, or Trustee, in J is
JAMES S. THURSTON, Treasurer.
A LEGAL DEPOSITORY FOR MONEY.
DIRECTORS:
Aocepts the transfer agency and registry of stocks
and aotB as Trustee of mortgages or corporations.
George H . Potts,
W a l l a c e C. A n d r e w s ,
Takes charge of property, collects and remits in J o h n L . M a c a u l a y ,
Ir a Da ve n po r t,
terest and Income promptly, and discharges faith J a m e s M . V a r n u m ,
W i l l i a m D. S n o w ,
J o h n I. B l a i r ,
Jo h n d . K im m e y ,
fully the duties of every trust known to the law.
Money received on deposit. All Trust Assets kept E d w a r d F . B r o w n i n g , F r k b e m ic A . P o t t s ,
Ro w l a n d N . H a z a r d , J o h n R o s s ,
separate from those o f the Company.
Burglar-proof Safes and Boxes (having chrome G e o r g e S. h a r t ,
A l e x a n d e r g . Blac k
steel doors) to rent at $10 to $100 per annum in tbelr W m . B . D i n s m o r e ,
F r a n k C. H o l l in s ,
new and elegant chrome steel FIRE AND BURG E l i a s L e w i s , j r .,
T h om as L. W atson,
LAR-PROOF VAULTS, protected by Improved J u l e s A l d i g e ,
E l i a s C. B e n e d ic t ,
St e v e n s o n B u r k e ,
W il l ia m P . A n d e r s o n .
Time Locks.
_
Wills kept in vaults without charge. Bonds and
tocks, Plate and all Valuables securely kept under
uarantee at moderate charges. Paintings, Statu
ary, Bronzes, etc., kept in tire-proof vault«.
THE
JOHN GILL, W. W. SPENCE, L. C. FISCHER
President.
Vice-Pres’t.
Treas. A Sec.
American Loan & Trust Co,
Mercantile Trust & Deposit
W. W. Spence,
ChrlstiauDevries
C.Mort’n Stewart
Robert Garrett
Chas. D. Fisher,
deo. P. Thomas,
O. H. Williams,
Andrew Reid,
DIRECTORS:
Louis McLane,
Robert Lehr,
W. A. Tucker,
Jas. CareyCoale,
Oliver A. Parker,
W. H.Whitridge,
J. A.Hambleton,
Thos. Deford.
Real Estate Trust Co.
John E. Hurst,
Stewart Brown,
W. H. Blackford.
E. À. Jenkins,
Bernard Calm,
J. W llioox Brown,
Alex. Frank,
John Gill.
The Union Trust C o.,
611 AND 613 CHESTNUT STREET,
P H IL A D E L P H IA .
Authorized Capital...................................... $1,000,000
Paid-up C ap ita l....................................... 500,000
Acts as Executor, Administrator, Assignee, etc.
and executes trusts o f every description known to
AU trust assets kept separate from those of the Com
pany.
Burglar-Proof Safes to rent at $5 to $50 per annum.
Wills kept in vaults without charge.
Bonds, Stocks and other valuables taken under
guarantee.
Repository for Western Mortgage loans, bearing 6
and 7 per cent interest. Principal and interest guar
anteed.
Money received on deposit at interest.
JAS, LONG, Pres’t. JOHN G. READING, V.-Pres’t.
MAHLON S. STOKES, Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
DIRECTORS.
James Long,
Alfred S.Gillett, Joseph Wright,
C.P.Turner, M.D. Wm. S. Price,
John T. Monroe,
W. J. Nead,
Thos. R. Patton, 1. G. Reading,
Wm. H. Lucas, D.H.Agnew.M.J' Jos. I. Keefe,
Rob’t Patterson, Theo. C. Engel, Jacob Nayler,
Thos. G. Hood, Kdw’d L.PerkiUb William Watson,
Samuel Riddle, G l e n R i d d l e , Pa.; Dr. George W.
Reily, H a r r i s b u r g . Pa. J. Simpson Africa, H u n t
i n g d o n ; Henry S. Eckert, R e a d i n g ; Edmund S.
Doty, M i f f l i n t o w n ; W. W. H. Davis, D o y l k s t o w n ; R. E. Monaghan, W e s t C h e s t e r .
Metropolitan Trust Co.,
m t t .t .s b u il d in g ,
35 W a l l St ., N e w Y o r k .
P A I D - U P C A P I T A L , - - $ 1 ,0 .0 0 ,0 6 0
Designated as a legal depository by order of
8upreme Court. Receive deposits o f money on
interest, act as fiscal or transier agent, or trustee
for corporations, and accept and execute any legal
trusts from persons or corporations, on as favorable
terms as otner similar companies.
THOMAS HILLHOUSE, President.
FREDERIC D. TAPPEN, Vice-President.
CHARLES M. JESUP Secretary.
OF PHILADELPHIA,
No. 1340 Chestnut Street.
C A P IT A L ,
.
.
.
.
.
8 5 0 0 ,0 0 0
Receives deposits of money payable by check and
allows interest thereon; also receives for safe
keeping securities and other valuables, and
rents safe deposit boxes in burglar-proof
vaults.
Reoeives Trusts of every description, acting as
executor, administrator, assignee, etc., and
executing surety for the faithful performance
of any trust or office.
Acts as Agent or Attorney for the sale or manage
ment of real estate, and insures titles to real
estate and mortgages.
OFFICERS:
President—FRANK K. HIPPLE.
Secretary—WILLIAM R. PHILLER.
Treasurer—WILLIAM F. NORTH.
Real Estate Officer—THOMAS B. PROSSER.
DIRECTORS:
Frank K. Hippie,
George Philler,
Henry C. Gibson,!
Edward T. Steel,
Lemuel Coffin,
Charles W. Henry,
John F. Betz,
Beauveau Borle,
William M. Singerly.
Thomas Dolan,
John Wanamaker,
K. Dale Benson.
Solicitor—GEORGE J UNKIN.
The Brooklyn Trust C o.,
Cor. of Montague and Clinton Sts.,Brooklyn, N.Y.
This company is authorised by special charter to
aot as receiver, trustee, guardian, executor or admin
istrator.
it can act as agent in the sale or management of
real estate, collect interest or dividends, receive re
gistry and transfer books, or make purchase and sale
of Government and other securities.
Religious and charitable institutions, and persons
anaccustomed to the transaction of business, will
dnd this Company a safe and convenient depository
(or money, RIPLEY ROPES, President.
EDMUND W. CORLIES, Vice-Pres’t.
TRUSTEES:
loslah O. Low, B. F. Knowlton, H’y K. Sheldon,
Alex. M. White, John T. Martin, C. D. Wood,
A. A. Low,
Fred. Cromwell, Wm. H. Male,
Alex. McCue,
John P. Rolfe, Ripley Ropes,
tticb’ l Chauncey. B. W. Corlies.
Abram B. Baylis,
Wm. B, Kendall. H.E.Pierrepont,)H. W, Maxwell,
J a m e s Ross Cu rran , Secretary.
£ REDBRICK „
..LTON. A s s t. Sec’v
OFFICE OF THE
A T L A N T I C
Mutual Insurance C o.,
NEW Y O R K , January 24 ,1 8 8 7 .
The Trustees, in conform ity to the Charter o f
the Company, submit the follow ing Statement
o f Its affairs on the 31st December, 1886:
Premiums on Marine Risks from
1st January, 1886, to 31st
December, 1 8 8 6 . . . . . . . . . . . . . . . $3,809,250 53
Premiums on Policies not marked
off 1st January, 1886................ 1,426,049 46
Total Marine Premi a m a ..... $5,235,299 99
Premiums marked off from 1st
January, 1886, to 31st Decem
ber, 1886.......................................$3,817,699 86
Losses paid during the same
p eriod ........................................... $2,206,588 68
Returns o f Premiums and E x
p e n se s...__ . . . . . . . . . . . . . . . __
$841,378 15
The Company has the follow ing Assets, viz.:
United States and State of New
York Btook, City, Bank and
other S to c k s.... . . . . . . . . . . . . . . . . $9,382,375
Loans secured by Stocks and
o t h e r w i s e ......... . . . . . . . . . . . . .
707,100
Real Estate and Claims due the
Company, estimated a t . . . . . . . .
501,647 31
Premium Notes and Bills Re*
1,568,13a 20
oeivable.............. .............
Cash In B a n k . . . . . . . . . . . . . . . . . . . . .
285,254 68
A m o u n t . . . . . . . . . . . . . . . . . . . . . . $12,444,511 69
S IX P E R CENT INTEREST on the outstand
ing certificates of profits will be paid to the
holdere thereof, or their legal representatives,
on and after Tuesday, the 1st o f February next
THE OUTSTANDING CERTIFICATES of
the issue o f 1882 will be redeemed and paid to
the holders thereof, or their legal representa
tives,on and after Tuesday, the 1st of February
next, from which date all interest thereon will
oease. The certificates to be produced at the
time o f payment and canceled.
A DIVIDEND OF FORTY P E R CENT is
declared on the net earned premiums of the
Company, for the year ending 31st Deoember,
1886, for whioh certificates w ill be Issued on
and after Tuesday, the 3d of May next.
B y order o f the Board,
J , H . C H A P M A N , S ecre ta ry.
T R U S T E E S :
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low ,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low,
Edmund W. Corlies,
•Robert B. M lntum,
William Degroot,
Horace Gray,
William E. Dodge,
William H. Macy,
0. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Burdett,
Henry E. Hawley
Adolph Lemoyne,
William li. Morgan,
Charles H. Marshall,
Frederick H. Cosaitt,
William Bryoe,
John Elliott,
James G. De Forest,
Charles D. Leverloh,
John L. Biker,
N. Denton Smith,
George Bliss,
Isaac Bell,
Edward Floyd-Jones,
Anson W. Hard,
Thomas Maitland,
John Edgar Johnson,
Ira Bursley,
James A. Hewlett,
George H..Maey.
JOHN D. JONES, President.
W. H. H. MOORE, Vice-President,
A. A. RAVEN, 2d Vioe-Pres’t
J une
THE CHEONTCLE
26, 1887.]
IX
Œatiadiati atuft Jfbteifln JBatiits aad $auhers.
C A N A D IA N .
F O R E IO N .
Bank o f Montreal.
T H JR
C A P IT A L , SUR PLU S, -
-
os.
59
&
YORK
61
W
(LIMITED).
No. 4
O FFICE:
W ALL
alter
W
HERRING & CO.
Railway Share Trust Co
$ 1 2 ,0 0 0 ,0 0 0 G o ld .
- $ 6 ,0 0 0 ,0 0 0 G o ld .
a F. 8MITHER8, President.
W. J. BUCHANAN, General Manager.
NEW
ÿ a n ti fa u lt s .
B A N K
B U IL D IN G S
LONDON, ENGLAND.
STREET,
atson,
A L I I ’» LANG,
]> Agent«.
C a p ita l P a id U p , $ 9 7 1 ,8 6 0 S te rlin g
Buy and Sell Sterling Exchange, Franca and Cable
Transfers; grant Commercial and Travelers’ Credit«
available in any part o f the World; issue draft« on,
This Company undertakes the business o f Trustee
nd make Collections in, Chicago and throughout the
te Loans o f approved Railways, negotiates and
Dominion of Canada.
Issues Loans on the London Market, acts as Agent for
L o n d o n Office. N o . 2 2 A foch u rcli L a n e .
Railways and other Corporations, either in the
ter o f payments o f Interest on Loans, Dividends on
Imperial Bank o f Canada
C A P I T A L (p a id u p ), - - $ 1 ,5 0 0 ,0 0 0
SU R PLU S, . . . . . . .
$ 5 0 0 ,0 0 0
H. 8. HOWLAND, Pres’t, D. R. WILKIE, Cashier.
H E A D O F F IC E , TO R O N T O .
BRANCHES IN ONTARIO.
Essex Centre.
Fergus.
Galt.
ngersolL
Niagara Falls.
Port Colborne.
St. Catharines.
St. Thomas.
Toronto.
Toronto, Yonge St.
Welland.
Woodstock.
or Registration of Stocks in London, or otherwise.
BANK YAULTS AND SAFES.
Cable Address—Pa t t , London .
The Largest Safe Works in the W orld.
Blake, Boissevain & Co.
LONDON,
THE OLDEST IN AMERICA.
Nos. 251 and 252 Broadway, New York.
ENGLAND.
N e g o tia te Railway, State and City loans.
Winnipeg.
Brandon.
Calgary. E x ecu te orders for Bonds, Shares, etc., on Com
L ion s'B w n e tt^ & B o s-l A« ent8
New York :
mission, and transact a general Banking and
■ M i S f f i U t S n B A N K ° F MONTREAL,
Commission Business.
Promptest attention paid to collections payable in
S p ecial a tten tion given to the execution of
ny part of Canada.
Approved Canadian business paper discounted at
orders for Securities on the New Fork, Lon
the Head Office on reasonable terms, and proceeds
don and Amsterdam Exchanges, in corres
remitted by draft on New York.
pondence with
Dealers in American Cur’y and Sterling Exchange.
BRANCHES IN NORTHWEST.
BLAKE
M e r ch a n ts ’ Bank
OF CANADA.
Capital, • - • $5,799,200 Paid Up
esenre, ■ ........................$1,500,000
18
28
BROTHERS
W a l l S treet, N e w
&
(C o t t o n ♦
Robert Tannahill & C o .,
CO.
Y ork,
Cotton Commission Merchants,
S tate S treet, B o s t o n , M a s s ,
AND
A D O L P H B O IS S E V A IN A CO
President, ANDREW ALLAN, Esq.
Vice-President, ROBERT ANDERSON, Esq, _________ A m s te r d a m , H o ll a n d .
H E A D O F F IC E , M O N T R E A L .
GEORGE HAGUE, General Manager.
W. N. ANDERSON, Branch Superintendent.
BANKERS
LONDON, ENG.—The Clydesdale Bank (Limited.)
NEW YORK—The Bank o f New York, N. B. A.
62 Gresham House, E. C.,
The New York Agency buys and sells Sterling Ex.
change, Cable Transfers, issues credits available in
all parts of the world ; makes collections in Canada
LONDON.
and elsewhere and issues drafts payable at any of
the offices of the bank in Canada. Every descrip
tion of foreign banking business undertaken.
S o licit accounts and agencies of Banks, Railways
N ew Y o r k A g e n c y , N o . 6 1 W a l l Street
Corporations, Firms and Individuals upon
HENRY HAGUE,
favorable terms; also orders for the pur
JOHN B. HARRIS, JR., f Agents.
chase and sale of Bonds, Shares, Ac., Ac. on
the Stock Exchange.
AGENCY
OF TH E
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
A N K
one per cent below that rate subjeot to
demand drafts.
N egotiate Railway, State and City Loans.
Heinemann & C o.,
B
C o tto n E x c h a n g e B u il d in g , N e w Y o r k *
Special attention given to the purchase and sale of
FUTURE CONTRACTS
In New York and Liverpool.
W alter
The Bank o f Australasia.
F O R E IG N .
A.nglo- Californian Bank
(LIMITED).
L O N D O N , Head Office, 3 Angel Court.
SAN F R A N C IS C O Office, 422 California8t.
N E W Y O R K Correspondents,
J. dc W. Seligman & Co.
BOSTON Correspond’ts, Massachusetts N.Bk.
A u th o riz e d C a p it a l, - ■ - $ 6, 000,000
P a id -u p C a p ita l, ■ ■ ■ - 1 ,5 0 0 ,0 0 0
Reserve F u u d , - - - - - - 4 0 0 ,0 0 0
Transact a general banking business. Issue Com*
mercial credits and Bills of Exchange, available In all
Parts of the world. Collections and orders for Bonds,
stocks, etc., executed upon the most favorable terms
FRED’K F. LOW.
|
IGNATZ STEINHART, I Managers,
N.P.IilLENTHAL, Cashier. _m
Hong Kong £c Shanghai
B A N K IN G C O R P O R A T IO N .
Paid-up Capital....................................
.7 500 non
Reserve Fund....................... ... „ I I.......... A500000
Reserve Liability of Proprietors..^IIIIIIII 7,500,'000
The Corporation grant Drafts, issue Letters’ of
*Se o i Travelers, and negotiate or collect
SM jjpam M e, at Bombay, Calcutta, Singapore,
Manila,
Foochow, Amoy,
Nlngpo, Shanghai, Hankow, Yokohama, Hiogo, San
Francisco and London.
“ ’
A . M . TO W N 8E N D , A gen t, 5 0 W a ll S treet.
F atman,
BROKERS,
58 R E A V E R 8 T R E E T , N E W Y O R K .
Dennis Perkins & C o.,
COTTON BROKERS,
1 2 5 P e a r l Street, N e w Y o r k .
Orders for Spot Cotton and Futures prompt
executed.
Geo. Copeland 6c Co.,
COTTON BROKERS,]
British N orth A merica,
No. 52 W A L L S T R E E T .
. (Incorporated by Royal Charter, 1885.)
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
4 T h r e a d n e e d le S treet, L o n d o n .
Slso on Canada, British Columbia and San Francisco.
Paid-up C apital,................. - £1,600,000
C IR C U L A K NOTES issued In Pounds Sterling
Reserve Fund,
800 000
available in all parts of the world. CODVMER«
Reserve Liability of Proprietors
C1AL C R E D IT S ISSU E D for use in Europe,
_
under the Charter - - - - 1,600,000
China, Japan, East and West Indies and the Braiils,
Letters of Credit ana Drafts issued on any of the
Elver Plate, Ac.
numerous branches o f the Bank wu-ougnout
throughout aAus
usBills collected and other banking business trans tralia and New Zealand.
acted.
Bills negotiated or sent for collection.
Telegraphic transfers made.
D. A. MCTAYISH, )
H. 8TIKEMAN, J Agents.
Deposits received in London at interest for fixed
periods, on terms which may be ascertained on app11cation.
PRIDBAUX jf L B Y . secretary.
&
COTTON
184 P E A R L
STREET. IÏK W YO R K ,
F. Hoffmann,
COTTON BROKER AND AGENT,
88 R U E
JOHN
D E LA BOU RSE, H A V R E .
H.
CLISB1T &
CO.,
COTTON BUYERS,
M ONTGOM ERY,
ALA.
PDBOHA8II OKLT OH OBDKB8 FOB A COH HUIIOV
JOHN 1L. B U L L A K D .
H x h b y H. W
ttm t .w h
Bullard & Wheeler,
COTTON COMMISSION MERCHANTS
NEW YORK.
ALSO
B A G G IN G A N D IR O N T IE S ,
(FOR BALING COTTON).
A dvanoes made on Cotton Consignments and Bpecla
Attention given to purchase and sale of FUTURE
CONTRAPT8 OF COTTON.
J O S E P H C IL L O T T S I
Alexander & Cargill,
STEEL PENS
COTTON BROKERS,
A U G U S T A , G E O R G IA .
GOLD MEDAL PARIS EXPO SITIO N -1 8 7 8 ,
T H E MOST PERFECT OF P E N S
Entire attention given to purchase of COTTON
TO ORDER for SPINNERS and EXPORTERS.
Cosbispondinoz Solicited.
[J une 28, 1887.
THE CHRONICLE.
J^ttscjellatueous.
© 0 ÌÌ0 T X .
©irtimu
W oodward & Stillman,
W . T . Hatch & Sons,
MERCHANTS,
Post B uilding, 1^6& 18 Exchange Place
NSW
IN M A N , S W A N N & Co
O b d e r .8
to
F u tu r e De l iv e r y
eob
fob
or
BANKERS,
14 NASSAU STREET, NEW YORK.
J 1 3 2 C h u r ch S t r e e t , N . Y .
B r a n c h Offices j g Q g c h a p e l sit.» N e w H a v e n
YORK.
COTTON MERCHANTS,
LOANS MADE ON ACCEPTABLE SECURITIES.
S p e c ia l A t t e n t io n '
Co n t r a c t s
Co t t o n .
N ew Y o rk .
COTTON, at .T. ORADBS, SUITABLE TO WANTS
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on m a r g in .____
_ . . , ..
DEPO8IT 8 RECEIVED—subject to check at sight
—with Interest upon b a la n c e s.____ _______ _
Special attention paid to INVESTMENTS and
accounts Of COUNTRY BANKERS.
OF SPINNERS,
Ot t e r e d
on
Terms
to
Bethlehem Iron Com p’y
Su i t .
Williams, Black & C o.,
Hubbard, Price & C o.,
Cotton E x c h a n g e , N e w Y o r k ,!,
RANKER« ANT) COMMISSION MERCHANTS,
1
W IL L IA M
40 and 42 W all Street,
M a n h a t t a n B u ild -In «,
S T R E E T ,!
Price, Reid & C o.,
N orth British
NORFOLK, Y A .
C O TT O N , G R A IN ,
P R O V IS IO N S , C O F F E E ,
Cotton Brokers & Commisnion Merchants
STOCKS, P E T R O L E U M ,
ORDERS EXECUTED IN
Liberal advances made on Cotton consignments.
Special attention given to the sale of wttonUi ar
rive or In tr&nelt for both foreign and dome»Uo mar
kets. Orders for Future Contracts executed in New
I ork and Liverpool.
NEW YORK, CHICAGO, NEW OR*
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
COMMISSION
& Mercantile Ins. Co.
Gwathmey & Bloss,
STERN & CO.,
New Orleans, La.
A Co.
kMontgomery, Ala.
Leh m an , Du r r
F a c t o r s
AND
C O M M IS S IO N M E R C H A N T S ,!
No. 40 EXCHANGE PLACE,
MEMBERS OF THE COTTON. COFFEE AND
PRODTJOE EXCHANGES.
Opyo w
n
o f f ic e .
No. 204
M E h' C H A N T S ,
No. 123 PE A R L BT., NEW YORK.
L E H M A N BROS.,
C o t t o n
OF
LO N D O N AM D E D I N B U R G H ,
U. S. Branch Statement Jan. 1, 1887.
Invested and Cash Fire Assets............$3,878,764 40
LIABILITIES:
M
Reserve for Unearned Premiums....
™
Reserve for Unpaid Losses...............
„ , Au
Net S u rp lu s...................................2 ,0 1 3 ,1 0 « 5 8
$3,378,754 40
Losses paid in U. 8. In 20 years ..8 1 1 ,1 6 4 ,0 8 9 77
U. S. B ranch O f f ic e , 54 William St ., N. Y.
Orders for future delivery of Cotton executed i
New York and Liverpool î also for Grain and Pro.
______
visions lx New York and Chicago.
Mohr, Hanemann& C o.,
church street ,
COTTON
EXCHANGE
B U IL D IN G ,
MERCHANTS
',8 S ou th W i ll i a m S t ., N e w Y o r k .
EXECUTE ORDERS FOR FUTURE **ELIVHRY
C O F F E R
at the NEW YORK COFFEE EXCHANGE, and
’
Special attention Given to the E xecution
OF ORDERS FOB FUTURE CONTRACTS.
Geo. H.McFadden& Bro.
O O T T .O N
A N D P R O V IS IO N S
MERCHANTS,
Liv e r p o o l
F R E D E R IC
correspo ndents,
ZEREGA
M A R IN E .
N ew Y ork
Office, 7 5
H e a v e r Street,
J . R A Y M O N D S M I T H , A g e n t.
Cotton Commission Merchants,
Messrs.
Edwards A Co., Cotton Brokers
Ltverpool.
„ .
jas. Lea McLean, New Orleans.
NO. 116 CHESTNUT STREET,
Geo. W . Baily & C o.,
PHILADELPHIA^
NO. 49 MAIN STREET,
NO RFOLK, VA.
SPINNERS ORDERS SOLICITED.
COMMISSION MERCHANTS,
COTTON E X C H A N G E B U IL D IN G ,
N ew Y o r k .
Special attention to orders for contracts for
future delivery o f cotton.
Co.,
Bucoessors to W ARB A SCHROBDBR,
MERCHANTS,
Cotton Exchange Building,
NEW YORK.
Orders for future delivery of Cotton executed In
HOT, York and Liverpool ; also for Grain and Pro
visions In New York and Chicago.
____
B. F. B A B C O C K & CO.
OF
BROOKLYN,
Statement o f Com pany 1st D ay o f Jan., 1887.
fi.a fx PAPITAL ..... •••••»....».«...« $1,000,000 00
Reserve for unearned premiums..........
as
Reserve for unpaid losses......................
rr-t’ o«« »
Cash assets....................................... $6,883,171 60
S T E P H E N C R O W E L L , P re sid e n t.
WM. R. CROWELL, Vice-President.
PHILANDER SHAW, Secretary.
GEO. H. FISKE, Assistant Secretary.
FRANCIS P. BURKE, Sec’y Local Dep t.
Rountree & C o.,
COMMISSION MERCHANTS,
tfOTTO N E X C H A ^ G ^ N E W Y O R K , and
Æ TNA
C O TTO N, G R A IN , P R O V IS IO N S ,
S to ck s and P etroleu m .
Orders executed in New York, Chicago and Liv
erpool. All grades of cotton suitable to spinners’
wants offered on favorable terms.
Insurance Company
J. C. Graham & C o.,
9&South W i l l i a m |St. Sc 5 1 S to n e S t .,
NEW YORK.
COTTON.
OF
HARTFORD.
Capital.........................
Liabilities for unpaid losses
and re-insurance fu n d .... . . .
Net Surplus..........
$4,000,000 <K
2,118,618 li
3,450,221 3^
A ssets J a n . 1 , 1 8 8 7 . . . . $ 9 ,5 6 8 ,8 3 9
M o. 68 W a l l S tr e e t, M e w Y o r k
J A S . A . A L E X A N D E R , A g e n t.
BUYERS FOR AMERICAN MILLS.
s^iiimw, M o n tg o m e r y a n d N e w Y o r k .
COMMERCIAL LjNIOh
FELLOWES, JOHNSON & TILESTON
A
COMMISSION MERCHANTS,
I T W a t e r S tree t, L I V E R P O O L ,
Receive consignments of Cotton and other Produo.
and execute orders at the Exchanges in Liverpool.
Rep esentedtn New York at the office of
SAM’L D. BABCOCK,
82 Nassau Street, New York. _
Phenix Insurance Co.
Office, 195 Broadway, New Y ork City.
Edward H.Coates & Co.,
AND
CAPITAL STOCK................................
00
Outstanding 8 c r i p •••••••••••••• 716,960 00
Reserve to reinsure Outstanding Risks
and all other Liabilities. ................
262,643 ¿0
Surplus over Capital and Scrip....... ....... 879,606 ow
TOTAL ASSETS................... .
$1,719,209 2«
Sc CO.
Co r r e s p o n d e n t s :
COMMISSION
OF PHILADEPHIA.
F IR E
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
Schroeder &
Delaware Mutual
Safety I nsurance Co.
P H IL A D E L P H IA .
C O T T O N
at the NEW YORK, LIVERPOOL ANI» NEW OR
LEANS COTTONEXCHANGKS. Also orders for
G.
JAS. F. DU DLEY, Deputy Manager.
New York.'
Henry Hentz 5c C o.,
G R A IN
CHAS. E. W HITE, SAM. P . BLAGDEN,
Managers.
(INCORPORATED 1886.)
N e w Y o r k :.
Orders executed at the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to ns, or to our corres
pondents in Liverpool: Messrs. L. Rosenheim «
Sons and A. Stern A Co.t In London, Messrs. B
Newgass A Co.
_________
COM M ISSION
N ew Y o rk .
AND
NEW YORK.
LEHMAN,
H enry P. Hatch.
A rthur M. Hatch.
Walter T. Hatch.
Nath’l W. T. Hatch.
cotton
,.S t o c k ; ,• h o n i >s , & c . ,
85 WILLIAM SI BEET, NEW YORK.
Orders in •‘Futures’* executed at.N.Y . CottonJSxoh*
ssu ran ce
Co^ l i m
it é e
OF LONDON
fìftìr* fin**. P mui té W illiam Sì m New Y 0T&
@FedFRASER