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THE f;«finanr|aV
HUNT'S MERCHANTS' MAGAZINE,
RKPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES,
(Entered acoordlng to Act of Congresa, In
VOL.
tlie
year 1891, by Wsf. B.
Daka & CO., In
SATURDAY, JUNE
52.
the
office of tiie
Librarian of CongreM, Waablnj^ton, D. O.]
NO.
27. 1891.
1.357.
In comparison with the like week of 1890 there is a loM at
of 15 per cent, and at Boston the falling off reachee
14-5 per cent.
At the latter city dealings at the Stock Exchange for the week under review were less than lialf what
they were in the corresponding week a year ago. The point*
at which the percentages of increase are marked this week
are Galveston, 90 per cent Des Moines, 60-9 Norfolk, 45-6 j
New Bedford, 26-4, and St. Paul, 22-7 per cent. On the other
New York
Terms of Subscription— Parable in Adrance:
For One Year (Including postage)
$10 20
do.
For Six Months
6 10
European Subscription (includlne postage)
11 50
Eurojiean Subscription Six Months (InehidiuK postage).
6 75
Annual Subscription in London (including postage).... £2 8s.
do.
do.
do.
Six Mos.
£1 9s.
;
;
Terms of AdTertisintr.
hand the heaviest losses are at Birmingham, 41-1 per cent
Dallas, 86'5 ; Chattanooga, 84-7, and Fort
Advertlsemeuts ordered for less than one month, in the Commercial Wichita, 40-4
A Financial Chronicle, are published at 25 cents per line each inser- Worth, 29-5 per cent.
tion. When orders are deflnitely given for one month or longer, a liberal discount is allowed, and the net prices* maybe obtained on application at the office. The lowest rates on periuaneut cards deflnitely orWUk BluMnf Junt 20.
(FMkBnTg J-utu 18
dered for one year are 8 cents per line each insertion, making $58 for
1891.
1880.
one inch space one year. Space is measured in agate type— 14 lines to
P.Omu.
1301.
|P.0W>,
;
the Inch.
These prices include the Investors' Supplement, of 150 pages New York
bsued once in two months, and furnished without extra charge to Soloo/—
subscribers of the Chronicle.
file cover is furnished at 50 cents: postage on the same Is 18
Oents. Volumes bound for subscribers at $1 OO.
Subscriptions will be continued until deflnitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Office money orders.
A
Messrs. Edwards & 3.mith, 1 Drapers' Gardens, E. C, will take sub
eriptlons and advertisements and supply single copies of the paper at
Is. each.
(TTILLIAm B. DANA &
Co., Pabllsbers,
102 William Street, NeW
Post Office Box 958
VOHK.
The following table, made up by telegraph, etc., indicates
bank clearings of all the clearing houses of the
United States for the week ending to-day, June 27, have
been $944,603,a54, against §1,003,916,794 last week and
$1,109,104,790 the corresponding week last year.
ITMk Endint Ju>u
27.
1316,061,239
80,644,405
69,426.677
10,294,873
72,293,000
17,086,340
5,474,826
$652,669,386
12 ,011,216
$701,260,269
120,187,918
Total aU cities, 5 days....
AUoltlea, 1 day
C:77,66t,612
106,938,712
(911,448,175
197,658,615
Total al l oltles for week..
$914.80.1,354
$1,109,104,790
,
„.
OUoago
St. Louis
Hew
,
„
Orleans
,
Seven cities, 5 days
Other clUes, S days
The
,
full details of clearings
for the
-198
—1 7-2
—183
—0-4
-8-9
fair
l,l*<.l«7d
Ih
i.ai3,ttiH
Worcester
1.I44,88«
1,0<7.«»4
1.107.087
Portland
Lowell
New Bedford
Total Mew Bngland..
..
Washington
Rochester
Wllmlnffton, Del..
Syraoase
We
Total Middle Western
Ban TranolsoOu
Portland
Salt
Lake City
Seattle
564,758,751
-17-5
-HO
Total PaclBo.,
Kansas City
Minneapolis....
81.710,2851
1.817,000
l,«51,f88:
1,300.881
1.227.801
1.089,882
1.030,837
—148
the
Dnluth
Joseph
SlonzCitr
Des Moines
Wichita
St.
Lincoln
Topeka.
grain,
-TB
-6-7
+8^
-7-4
—10-6
— 1I-8
88I,MS'J
+88
388,468
+28-1
814,002
654,803
96,a84,l»4
108378,783
-13-2
91,887,163
-»\
00,800,859
1S,«87,«40
IS.S'M.SOO
7,sos,8ao
l.» 18,502
1.317,132
H13.3IU
71.117.871
15,518,083
13,886,881
7,888.161
—18-0
-11-7
68311,787
-14-*
-37
13.286,289
-10-1
18,862364
8tJ6.02»
788387
-o-e
+15-2
1318,887
1,308,078
818.307
-1-8
+6-4
+ 0-S
-110
+1-1
122,086,788
14,897,886
i.«84.ae;
1,36I.8S4
886,869
1,0/8,180
843,100
12328.850
5,213,758
6,062,109
5.248.81S
+50
-11-3
-4-2
-28
2,831300
+81*
2.157.1*9
1,585.412
-14 7
880,0t>3
-01
121,466,306
-8-0
7,188,089
2,431.865
1370.143
823.584
888.805
—17-8
-HC*
97,C83,822
—H-l
85,486,503
12,H7B.8«0
5,182,884
8.118,784
4,701311
3,377300
1,884.833
1.809.81
-4-7
+18-8
+0-8
-8-4
730333
-0-1
+0 5
128,079,185
+3-9
16.930320
+8-6
-181
I4.489.0es
2,011.187
133I.US9
+1-7
986,838
87n.88l
656,188
+181
870.113
092,184
28.021,381
21,891314
~+i'6
90313,168
+808
-12*
8.088.431
8310,918
-18-7
7383,079
4.230,530
S,716,«ai
1.851,140
4.8t0,»00
2,407.772
1,815.435
888,370
+iro
+«»7
-18^
-19-1
4,858.71.0
677,883
828,833
688.710
838.511
+809
lO-l
—
-1»8
+17-6
186.168
618.381
3ta.822
32,801,211
34,730380
-6^
~is,8il360
-»»
M,S23,568
80398318
-8i>
90.S0S.M0
8,844.187
7,08«,»i»
8.860,120
16-9
—-8-4
-01
+17-
8.8S4364
1,191.078
1,108,461
8,878388
-1-8
-17-8
-101
+0-8
-01
+1-8
6,886.888
t!f}
-86-0
4.886.849
2,039,604
-11-1
-18-1
1362.888
W8,208
7&3.1IS2
8.953,788
-**
+10-9
-8-9
g.U&.301
8,838.728
1,141,766
-61
-886
•32368
SS4360
-a»-6
639.424
+468
-347
-411
98831^
+18-1
48138>'
46382.740
-ri
10,850.817
1.003.918.701 1,140,116,717
-11-9
979.888.886
874.000
817,308
88«,5a«
1.152314
46,411,988
-15-4
+84'«
7302l8»l
— 16-1
— 10-5
+90
-30
—1-3
—14-0
-K»-6
1.898,887
],;•». 100
8A80,8O2
738.741
867.488
823,781
440,000
688,863
448,018
-9-1
4367,a«8
1,1754M»
8a83n
-13-e
+4-S
-88 »
—ri
43I73S3
1,88U.88<
l'«30,716
Ontslde New Tork.
'Mot Included la total*.
-27^
738,548
4X7.808
4,558,112
3,M3n,2»S
4,764,108
1,»77.87V
1.462,888
888.687
0a»,«0'
184,882
506,020
896,351
-147 3t. Paul
Omaha
-161 UeoTer
-28^
(743,489)! (—16'
(528.700):
(-6',
(39,771,000;, (+88-.
(121,000) {
-I-8-3
cannot, of
volume of business in
—4-8
86.188,189
'
Peoria
+221
115,913,838
Cincinnati
Qrand Rapids.
(t»l-7l
l-t8-4)
86,690.408
'
Milwaukee....
Detroit
Clevetand
(+2131)
8«,ss»,ae7
1S,8SA,USU
4,624,503
5.805.V4&
6,iae,s3»
8,225,000
1.841.03r
1,412,862
858,486
Total Middle..
Chicago
Los Angeles
to-day,
and there has been a
-14-5
-4-U
-18-8
New Uaren
Ktchmond
are our usual detailed figures for the previous week, tliat is OslTestOQ
oovering the returns for the period ending with Saturday NashTllls
Dallas
Fort Worth...
noon June 20, with the comparative totals in 1890.
Norfolk
The current aggregate exhibits a small gain— nearly twenty- Ohattanoosa.
Blrmlnham...
five milUons of dollars— over the week ending June 13, but ].,exlnston
UuustoQ*
almost all of this is at New York, and largely ascribable to an
Total Sontta em...
increase in the speculative transactions at the Stock Exchange.
On the Cotton Exchange more activity than of late is notice- ToUl all
able,
62,7n,6f9
SprinsSeld
bank clearings being made up by
Total other Western..
the various clearing houses at noon on Saturday, and hence in
St.
the above the last twenty-four hours of the week have to be NewLoots
Orleans..
in all cases estimated, as we go to press Friday night. Below I.,oaiBTUle
Memphis......
them
(-9-0)
88,787.880
5,368,100
a,0H7,0t8
1.105.487
1,275.830
-61 Taooma
week covered by
above statement will be given next Saturday,
course, furnish
-160
(080,718)
(218.300)
(27,818.750
(8J8,UO0l
6,tiM,200
i,9:e.u»8
I.34f,901
Colambos
Percent.
1890.
1891.
$439,218,431
66,766,252
48,678,862
10,260,377
65,860,000
16,021,616
B,928,819
Boaton
880,832,818
(892,617)
(fwa.aoo)
134,07«,«87)
1158,000)
UoBton
PrOTidenoe
IndHlnspolla...
York
Philadelphia
Baltimore
bbl».
536,405,748
Baffalo
that the total
new
irutMt.
(P«eroUum
Phlladrlpbia
Plttsbnrx
Baltimore
CLEARING HO USB RETURNS.
CLEARtNOB.
Btturiu hv TUtgravK
baUt:
IlHrtford
London Aeent*
Wn-LtAH B. DANA.
JOHK O. FLOYD.
tkoTM.)
(Atoek*
(Ootton
(Or<<fi
l,818.a87
838,621
+7TS
8».687
-84 8
688.000
687308
-4'1
-198
+sr«
-89-»
-88-4
+1S-1
1340386
).2S2,He»
414381.877
-9-4
THE CHRONICLE
962
put
THE FINANCIAL SITUATION.
To-day's ahiptnents of gold promise to be as large if
not larger than any previous day's of this remarkable
[Vol. IJl.
But the words of
confidence in such reports.
little
Secretary Foster in his speeches in Ohio, followed by
so
much
of like
import supposed to
reflect the Presi-
dent's ideas and purposes, attract attention and tend to
There have been weeks when the total was increase distrust, which is already so great that algreater than this week, but no single day when the out- though money on call is loaning at merely nominal
It will be seen rates, no considerable amount can be borrowed on long
flow aggregated over 4^ million dollars.
week
by
the Bureau time except at high figures, and a block of even the
issued
this
statement
trade
from the
we had best bonds can be marketed only at a further material
May
including
and
to
that
down
Statistics
of
exported $51,616,000 net of gold since January 1, 1891. discount from ruling prices already low. Under such
Prom June 1 (according to the New York Custom House circumstances any proposal from the Government leanfigures) we have shipped an additional amount of $15,- ing towards another compromise with regard to silver is
000,000, including an estimate for to-day of $4,350,000. especially ill-timed and harmful.
Free coinage of American silver means full free coinConsequently, counting $250,000 last week from Boston, our gold exports since January 1 now aggregate age because it puts so high a premium on the value
That is no doubt a large sum and of silver bullion iu the United States (so long as our
about $67,000,000.
to make our Government offi- currency is kept on a gold basis) that a solid stone wall
ought
a serious loss, and
in their judgments, iu their as high as the heavens could not keep out the foreign
careful
people
and
our
cials
To claim that this gold is article, and when once in the country no official specwords, and in their acts.
going to Europe because Europe needs it, is not the tacles could distinguish it. Laying a duty on the
No mere desire or necessity could take a gold import of silver (corresponding to the diSerence in
truth.
The conditions which price between London and New York) would help in
dollar from us against our will.
But even in that case
compel the movement are within this country and the matter of detection.
silver so largely over-valued would be smuggled into
within this country's control.
As gold goes out of the country money gets easier the country to secure our free mintage, and merchanhere and at most other of our monetary centres. We dise also would soon be found to rule at prices which
•iport nearly seventy millions of dollars, and after los- would cause the gold to flow out in a legitimate way.
ing it all tne bank reserves of the East and West are Of course the silver advocate will say, New York
There will force up the price of bullion in London to our
larger than they were when the outflow began.
seems to be a disposition to point to facts like these as equivalent instead of London drawing us down to their
That statement had some power to deceive
an evidence of strength in our financial situation, but level.
they are instead an evidence of weakness, and tend to the "lambs" a year ago, but the twelve months'
season.
;
locate that weakness.
Depression in business causes the
accumulations of currency, and gold exHad there
ports are the reason for the depression.
been no exports of gold, trade would have been thriving
now, and the money which has accumulated in bank
would have been in active use. Gold exports cannot act
as a business deterrent unless there is some unsound-
increasing
experience since then has been educational to such a
degree that it is difficult to find any man so innocent
now
by it. Consequently if the Adminintending to abandon the conservative lean-
as to be fooled
•istration is
ings which have hitherto controlled
better to take
as
its
its
policy full free
action,
it is
far
coinage at once
than any of these so-called half-way measures.
The feature in money continues to be the extreme
be disclosed ease in the call loan branch of the market, and yet the
paucity of offerings on long time and the very limited
ness (which the exports affect) in our trade or in our
currency, and if it is in our trade it will
by a striking increase in failures.
Those who make themselves conspicuous as lovers of
silver would do well to remember that they are imperiling by the fresh coinage agitation which is being set
afloat, and by the renewal of the silver speculation, the
revival of business anticipated this year the hope
which has been the stay of the public during this large
With our present crop prospects, and
efflux of gold.
with the certainty that there will be a good demand
for our surplusee, we ought to have a period of unusual
—
Next week the prethe amount
to be disbursed for dividends and interest is large, and
much of the money that is now being loaned are accumulations made for that purpose; but the activity will
be short lived, for bank reserves are large now and
there can be no tight money so long as general busipurchases of commercial paper.
sumption
is
that
money
will be
active, as
Five of the larger banks last
is on the decline.
Saturday reported a surplus of $6,318,600 out of a total
activity in all departments of trade after the 1st of of $16,172,225 held by all the banks, which indicates a
July, and a return during the following months of all pretty general distribution of surplus.
the gold we have so recently lost.
That we say has been
Money on call, so far as represented by bankers' balthe hope hitherto, under a belief that the ordinary ances, has loaned at 3 and 1 per cent, averaging 2^ per
influences would be left to work out their natural cent, and renewals have been made at 3 to 2^ per
results ; but we need hardly add that if new suspicions cent ; banks and trust companies maintain 4 per cent
are excited as to the stability of our currency, that is as the minimum, and have no difficulty in obtaining it,
as to the stability of values, such suspicions would mainly for the reason that their loans usually stand
prove fatal to that hope.
undisturbed. Time contracts are quoted at 4 per
In the same line of influences unfavorable to business cent for 60 days, 4^ for 90 days to four months, and
are the reports current as to the purpose of the Gov- b\ to 6 for five to six months.
The demand for long
ernment to continue the coinage of silver dollars after dates is good, but not urgent; the lenders prefer to
the new fiscal year begins, and also to favor hereafter make contracts on short time, and as they are unable
the opening of the mints to free coinage so far as to do so, they use their money in the call loan branch
American silver is concerned. No one can know how of the market. The supply of commercial paper is good,
ness
The
apparently semi-official announcements from and the offerings of first-class are increasing.
Washington with regard to these matters are inspired failure in Boston of another leather house this week
by the Administration, and we are usually inclined to has further tended to discourage purchases of paper
far the
Junk
l-HE CHRONICLE.
27. 1891.]
963
fOMaiOM TB4Da MovsMaar
by Eastern buyers, and as our city banks are doing very
The rates are so near
little the market has boon dull.
MiMniAirDiai.
6 per cent that borrowers who can do so apply at their tuvm
Ammi
Ma*.
IJWort*. tmff.
banks for discount, and this keeps these institutions
fairly well supplied
without resorting to street paper
which to reinvest their loanable funds. Kates are
6i per cent for 60 to 90 day endorsed bills receivable,
6J to 6:^- for four months commission house names, and
6 to 7 for good single names having from four to six
in
months to run.
About the only event in European financial circles
this week bus been the decision of the Murietta to go
having borrowed
enough to carry over their liabilities, which are estimated at £400,000. This removes at least one of the
disturbing factors from the London market, for until
the
name
was
mentioned
the
rumors
of
embarrassments
affected
not
only
that
housn
and even after the name
but other houses ;
was disclosed the
outcome of
the affair was
regarded with some anxiety. The difficulties of the
house began last September, and although assisted and
to some extent reorganized, the concern has been more or
into
voluntary
less of a
menace
liquidation,
to the
they
London market ever since.
cable reports discounts of sixty to ninety-day
bank
amttrU
»«tt
t
o«t....
Not...
Dm....
Jul...
Feb...
oanao nATM-<M««
OOUI.
Mm.
rmu.
T"
9<t.tse
•8.008
7a.»40
•7.847
1.418
"•
VM.SM
8H.BW
fijua as.77»
ii.an
^4,771
IfM
9SMt
00308, 37.W0
0-.I.801 !|0J1»
03.880
8*l«
77,«S •*.8«
•.oat
1.888
886
614
418
187
888
tiJ.«eo
74.87«
Mareh
79.8U
April..
»0,»fl7
M>7
JI7.SM
0».«18
81.877 M»,»7«
71.880 •18.8W
Im-
78e;
4.010
S.IM'
FOTtt.
1
1
1JB8 ll«M»10.88e
1.784 04*8
4411
77.6» •43414
OIJWO •3.011
o«ttM4.i
•iLriB.
mttm
ImttttM.
%
t
%
04.446
juJr..
All....
H«pt...
1.144
9.810
1.8M
3.401
888
t3.446
t4.»l»
888 t4488,tl3,a80
tU 30.U1 ^30,808
ttMm.
mtt.
%
•
9.808
1388
1317
9.an
9J77
I3n
9JH
*iai
671
9jm
9*3
IM
•jm '%m»
1380
1388
1318
1/»S
•77
407
(80
100
840
9.071
l/MO
1.080
1.81*
9.0M
881|
1380
718
IJ48
•4U
Tatn
410.823 771.441 33.881 17.888 70.641 d:*.»78 '»'ijn« 10.840 8378
t«0O 33388; 90.178 18.707
Httftb «OI.7I7 7l.1,»7« 0OM1 lil.UT \iJM\
The
bills
London at l|@l^ percent, with the Bank minimum 3
per cent. At Pans the open market rate is 2^, at Berlin
it is 3f and at Frankfort 3J per cent.
The Bank of
England gained £354,000 bullion during the week.
This, as we are inforn>ed by special cable to us,
in
was due to an import from Australia and Bnazil of
£341,000, to receipts of £153,000 from the interior
of Great Britain, and an export to Russia and
the Argentine Republic of £140,000.
The Bank
of France for the week shows an increase of
£199,000 gold. The Bank of Germany since the
last report has gained about £80,000 of the same
metal.
Foreign exchange has been dull but firm this week,
by an in;
disposition on the part of bankers to draw loan bills,
largely because the proceeds cannot be loaned at satisfactory rates, and by a steady demand to remit for
On Monday the
stocks sold for European account etc.
Canadian banks advanced the rate for long sterling to
4 87. On Tuesday Baring, Magoun & Co. advanced
their 60 day rate to the same figure and on Wednesday
Brown Bros, moved the long rate to 4 87 and the
short to 4 89^, while the Bank of Montreal also advanced
the sight rate to 4 89^. On Thursday the other Canadian bank moved up to this figure, and on Friday
Baring, Magoun & Co. also posted that rate. The market yesterday closed firm, with nominal rates 4 87 for
sixty-day and 4 b9i for short. Rates for actual business
were 4 86i@4 86^ for long, 4 88i@4 88} for short, 4 89
@4 89^ for cable transfers, 4 85^@4 85^ for prime and
influenced by a scarcity of commercial bills
or Tat
W
««1.I34«N3.B« 10.212 0.888 4l«l+3a.l«6 88
17.880 lOADO
.328 00 1 .037
•9.70a 43.841 13.838 tl8.41» 99.677 14.488 iLoae
80-87 0X.21U 03 1.067 37.188 4J.406 9.08l{ 3aj84
10378 S371
OtlS.eiSaSI.SM 44.3M 90.481 34.im «14,0Sll-i7.867l 10,874 10300
* Ezeess of Imports.
t Excea* of exporta.
S8-?»«
NTS- 03
1
94W
MM
merchandise in
over 9 millions less than in April last, that
It will be noted that the imports of
May were
merchandise exports were about 13 million dollars lege,
was nearly 14 million dolThe most noteworthy feature is that ailver
lars.
imports were $424,000 in excess of the exports.
Returns of railroad earnings are a little irregular just
now some making favorable comparisons with last
but on the whole the
year, and others unfavorable
charater of the exhibits is a great deal better than had
been expected. In a separate article on another page
we review the half yearly statements of the VanderbUt
Western roads (the Lake Shore, the Michigan Central
and the Canatla Southern) and point out that the earnings of these properties have kept up remarkably well.
The statements in question bring the results of operations down to a later date than any others yet received,
the figures for June being estimated so as to furnish
the accounts for the full six months to June 30.
Wo
have however had this week quite a few returns of
gross and net earnings for May, the month preceding
The Pennsylvania is among these, and
the present.
so that the adverse balance
—
its
—
exhibits always attract a great deal of attention be-
cause of the extent of
its
operations and the represen-
tative nature of its traffic.
Not unlikely the statement
poor one, as there
is
will
be regarded as a
a loss, compared with last year,
on the Eastern lines and
more on the Western lines. But in the first
place it must be remembered that there was an extra
Sunday in the month this year, and consequently one
working day less. To a company like the Pennsylvania, which on its Eastern" lines alone earned nearly
5} million dollars gross in May last year, the loss of a
working day is obviously an item of considerable importance.
Then it must also be remembered that up
to the present year the Pennsylvania had been increaoing its earnings heavily and continuously, year by year,
for a long time past; thus in May, 1890, it added $408,223 to the total of its gross on the Eastern lines,
after having added $267,050 in 1889, $162,720 in
$686,460 in 1887, and $288,111 in 1886.
1888,
After such large and uninterrupted gains, a lost
with one less working day
of $317,781 in 1891
of $317,781 in gross earnings
of $311,854
Gold to the
4 84}@4 85 for documentary sterling.
amount of $600,000 was shipped to Paris on Tuesday
by Lazard Freres and $500,000 was sent on Thursday
by Heidelbach, Icnelheimer & Co. Engagements for
the steamers sailing to-day are $2,250,000 by Lazard
Freres, 1500,000 by Heidelbach, Ickelheimer & Co., could hardly be considered as being very unfavorablo
$750,000 by L. von Hoffman & Co. and $750,000 by in any event; but when it is borne in mind that the
Ladenburg, Thalmann & Co. The total exports for conditions affecting traffic were many of them decidthe week thus reach $5,350,000. The following is our edly adverse the present year, the actual result must be
usual trade statement brought down another month, regarded as very gratifying indeed. Last season's short
May
having been issued this week by crops of course were one of these adverse conditions,
Mr. Sidney O. Brock, the Chief of the Bureau of and the depression in the iron trade, the inactive state
Statistics at Washington.
of general business, and the Connellsville coke strike
the
return
THE CHRONICLE.
964
[Vol. LII,
New
Orleans & Texas Pacific and the Alabama Great
Southern, the first mentioned having lost $59,454 in
May, BO that its influence did not extend over the gross and $59,173 in net, and the Great Southern
whole of the month; but the iron trade continued $9,878 in gross and $5,357 in net. It is only fair to
This last-mentioned circum- say that the earnings of these roads in the previous year
depressed throughout.
As far as the coke strike is
are some of the others.
about the 20th of
ended
practically
it
concerned,
stance of course affected both the Eastern and Western
The short crops while likewise affecting both the
had been swelled by the diversion of trafiic to them
from the Louisville New Orleans & Texas, whose tracks
Eastern and the Western systems, was most important at that time were submerged by the overflow of the
Altogether, therefore, the Mississippi.
The Memphis & Charleston and the East
in the case of the latter.
operations
has been very much Tennessee also have rather unfavorable statements.
month's
outcome of the
more satisfactory than one could reasonably have ex- The East Tennessee shows a gain of $26,308 in net,
but this has been effected entirely by a reduction in
pected it to be.
In the matter of the net earnings, there is no reason expenses, which at that time last year were very heavy;^
lines.
gross earnings have fallen off as much as $94,582, the
earnings has been attended by a decided reduction in depression in the iron trade presumably accounting for
This reduction in expenses is not so marked part of this. The Memphis & Charleston loses $32,330
expenses.
to feel anything but encouraged, for the loss in gross
for the Eastern system as for the Western, though even
on the Eastern lines there has been a saving of 1153,-
and $23,573 in net.
proper to point oat that the returns of the East
Tennessee and the Memphis & Charleston have been isin gross
It
is
On
216, thus leaving the loss in net only $164,565.
the Western system, however, with a loss of $311,854 sued very much more promptly than heretofore. This is
in gross for the month, expenses have been cut down especially commendable in view of the discontinuance
1320,196, so that there is an actual gain of $8,342 in
net earnings. We furnish below a six-year comparison
for the Eastern lines both for May and the five months,
of the weekly
ings
which
many
years.
and monthly returns of approximate earnhad been given out regularly for soThe greater promptness however in
such a comparison being impossible in the case of the issuing the returns is attended unfortunately by
Western lines.
the withholding of part of the results, the company no longer furnishing the accounts of the KnoxIiINXS EAST OT
1881.
1890.
1888.
1887.
1886.
PITTSBURO.
ville & Ohio separate from the rest of the system.
Hay.
»
As regards the character
of the
May
OrOBfl earnings
%
5,386,258
t
5,703.033
t
5,294,810
t
5,027,760
4,865,040
Operat'g expenses,
3,6e«,870
3,820,086
3,399,162
3,313,974
3,023,448! 2,705,878
sections,
1,718,388
1,882,947
1,896,658
1,713,786
1,811,6921 1,472,702
suffered a decrease of $68,004 in
Net
earnings...
»
4,178,580
Jan. 1 to May 31.
28,034,766 26,788,507 24,073,218 22,777 ,803'21,458,866 18,914,063
Gross eamln^rs
Operat'g expenses. 18,384,226!l8,867,841 16,429,824 15,866,681 [l4,235,042l 12,696,572
Net
earnings...
7.6S0,530l 7,819,168
7,843.594
7,121,2221 7.222.9241 8,318.481
exhibits
the Kansas City Port Scott
in
other
& Memphis
gross and
has
$46,895 in
net; the Northern Central has gaiaed $10,387 in gross
and $41,774 in net; the Baltimore & Potomac has lost a.
trifle
in gross but gains $6,705 in net; the Staten Island
It will be observed that in net earnings the Eastern
Rapid Transit gained $5,091 in gross but loses $1,534
system is only $268,636 behind last year on the ojiera- in net. The Mexican National reports $34,092 gain in
The Western system on the gross and $21,980 in net, and the New York
tions of the five months.
other hand is $34,544 ahead, a decrease of $1,258,945 Susquehanna & Western gains $1,276 in gross and
in gross earnings having been met by a reduction of $2,515 in net.
The Chicago & Northwestern, which
^$1,293,489 in expenses.
The Philadelphia & Reading has also issued
furnishes only returns of gross, reports a decrease of
May
$168,652, about half of which, it is stated, is accounted!
statement this week, and the results show improvement for by the loss of a working day because of the extra
over a year ago both for the Coal & Iron Company and Sunday in the month this year.
the Eailroad Company. Taking the Coal & Iron ComOur stock market this week has been dull and
its
pany
first, there is an increase iu gross receipts of inactive, with a downward tendency to prices; yester$33,000, and the net result, after allowing for fixed day there was a little more animation, but at the fur.charges, is a deficiency of only $79,880, against a simi- ther expense of values.
Richmond Terminal, LouisJar deficiency in May, 1890, of $142,186. Eor the ville & Nashville, Union Pacific, Northern Pacific, St.
is an increase of about $51,000
Paul,. Atchison, North American, Central of New
and a surplus above charges and Jersey and various others have all been weak. There^improvements of $172,690, against only $91,143 surplus is no buying of any consequence by the outside
Altogether there is an improvement in public, and the absence of European orders is very
,in May, 1890.
the net results of the two companies for the month of appreciably felt.
It
appears to be difficult to
For the six months of the fiscal year the find a market at satisfactory prices for even$143,852.
Jimprovement reaches over half a million dollars
there is evidently no supfirst-class bonds, and
"$501,636.
Orop accounts conport to quotations whatever.
Several of the Southern roads likewise present tinue very good, but the large gold engagements yesvery good returns, though some other roads in the same terday gave a further downward impulse to values.
Section have not done so well. The Chesapeake & Ohio, The Dubuque & Sioux City, owned by the Illinois Cen-the Norfolk & Western, the Jacksonville Tampa & tral, has declared a dividend of 1 per cent.
Silver
,Key West, and the West Virginia Central & Pittsburg, bullion certificates advanced sharply early in the week,,
»11 belong to the former class. The Chesapeake & Ohio but subsequently lost jiart of the advance.
reports $79,828 gain in gross for the month and $35,890
The following gives the week's movements of money
gain in net the Norfolk & Western, $56,925 gain in to and from the interior by the New York banks.
fross and $31,274 in net ; the West Virginia Central &
Net Interior
Received by Shipped by
WmIc Ending June 26, 1891.
ittsburg, $22,273 in gross and $3,983 in net, and
Movement.
N.r. Batiks. N. T. Banks.
Railroad
Company
in gross
receipts,
there
;
the
Jacksonville
Tampa
gross and $12,819 in net.
«&
Key West,
Among
$12,717 in
the Southern roads
which have done poorly maybe mentioned the Cincinnati
Currency.,
Gold
Total gold and legal tenders....
$4,159,000
800,000
$1,631,000 Oaln.$2,62S,00(>
450,000
350,000 Gain.
$4,959,000
$1,881,000 GalD.$3,078,0C»
JUNB
THE CHRONICLK
27, 1801.]
With the Sub-Troasury operatioas aud the
exports the result is
TTfA EwMflf
B*aka'lBt«rtur
4cb-Trc;t^.
Total
M,
ni<iTciii«nt,
f>i>*r.
(nlil
J-uix
aQ«l goltt
/Hi*
Banlu,
1801.
u aboT*
•«,eft9,ooo
exporu
si.soo.ooo
andlMnl Mnrton
gold
Outaf
trttOkaHflm
Banlu.
Aifik tfoUMnt*.
•;.881,000 O»tD.tl,0TH.000
91.400,000 Oalo.
300.000
C2!l.481.00o'oalH.»a,37aOOO
Sank of
Gold.
Bngland
Franca
GermaST*
aUvtr.
I8.H>7,771
fact, in
hardly have been more striking.
a heavy grain
movement
season's oxoellent
many
Last year there
wm
as the result of the prerioos
harvest, while this year
movement was small
leading
aud 1890 ooald
the gtaxxk
as a resnlt of the late season's poor
Last year both production and consumptioa
on an unprecedented scale ; this year the
iron trade has boon extremely depressed, with production and consumption on a very low basis.
Last year
harvests.
Ibrai.
TutaL
SuVtTt
»
M
a
18,197,771
ai.S73.807|
81.678.807
u,ae7,ooo 80,713,000 lOa.SOO.OOO 6«.667,0ua'«0,07»,000 103.646,0(10
r
S0,870,M7 1S,WS,)ISS 46,306,000 I!8,381 ,838 14,160.667 41.482.1)00
ft,<^o,aoo 1«.3M,000 U,8S0,000
4,000,000 16,334,000 11,833,000
...
In
of iron were
7IMUM,1800.
lan.
against the present year.
parttculara the contrast betireen 1891
Bullion holdiugs of iiluropean banksT
jwu M,
956
general business was good and active
;
this year
it is
Furthermore there were some special
Aaat.-Hun^j,
Netberlandt..
S,»18,000 6,680,000
0.607,000
6,111,000 6,670.000 10.681,000
disturbing influences the present year, to which we
Nat.B'li(lum>
8.0S7.33S 1,618,067
4.641,000
9,841,000 1.483,000
4,966,000
have often referred in these columns, such as the strike
•Tot.thl8 week 134,660,771 80,740,000 314,»M.771 116,616,640 88,466,667 103,861,307
Tot. preT. w'k 133J60.030 88.610,666 213,461,686 116.874.061 8».064,000 804.038,064 in the Connellsville coke region, and the fulling o9 in
* The division (between gold and silver) Riven In our table o{ coin and
the ore shipments both to the lower Lake ports and
bnlliou In the Bank of Germany and the Bank of Beljt^luin Is made from
the best entlmat» we are u))!o to ot>talii; lu neither oaiie is It olnirued to
be acourat4\ as thu.se l>ankH make no di.stinctiari In tlieir weekly retiirnn,
merely rei>i)rtiniL; the touil K»ld and sliver, but wo believe the divioiou
we make la a close ai>proxlumtiua.
Note.— Wo reoi'lve the fureKoiuKresnlta weekly by cable, and while not
allot the date Kiveu at the head of the column, they are the retarna
tasaed ueareat to that date— that
Is.
the latest reported Uifuros.
quiet
and
thence to the furnaces in Pennsylvania, Ohio, Ac, this
falling off following in part from the excessive supplies
of ores accumulated on the docks the previous season.
It is not to be
supposed that the Vanderbilt lines
latter influences to the same extent
as the Pennsylvania, and yet the Lake Shore at least
must have felt the effects on its Ashtabula branch,
suffered
THE HALF-YEARLY STATEMENTS OF THE
VANDERBILT WESTERN ROADS.
inactive.
from these
over which large quantities of ore and coal are transwhat good exhibits for the half-year ported.
As concerns the rate situation, while tariffs
the Vanderbilt Westera roads we mean the Lake have been low and there has been some demoralizatioa
Shore & Michigan Southern, the Michigan Central and at times on through freights to and from the seaboard,
the Canada Southern are able to present.
The com- no rnpture of the amicable relations which have existed
parison with last j'ear is with a period of exceptionally between the various roads occurred, and probably oa
heavy gross earnings and very favorable conditions. the whole there was little difference between 1891 and
This year many of the leading conditions have been 1890 in this matter of rates. The winter was a mild
entirely different, and hence a considerable falling ofE one and interposed no important obstacles to transwas not only looked for, but seemed inevitable.
The portation. But in this particular, too, there is no
actual outcome is an agreeable surprise.
The Lake change as compared with a year ago, since the
Shore shows only a relatively small decrease in its gross weather conditions then had been similarly favorreceipts (the figures are analyzed further on in this able.
In one regard, doubtless, there was an advanarticle) while the Michigan Central shows no decrease tage the present year
namely, in the imports, which
at all, but rather a small increase. The changes in hare been very much heavier than in 1890. But
net earnings are trifling in both cases. The result the increased traffic arising from that source could
must be accepted as new proof not alone of the strength counterbalance only in part the losses resulting from
of these properties but of the trunk line situation poor crops, diminished ore shipments, depression
generally.
in the iron trade, and the check to mercantile activity,
Xo group of roads in the country is so well situated
The good comparison, therefore, with last year which
It is surprising
—
—
—
as these trunk lines for sharing in the business prosper-
the Vanderbilt roads in their reports are able to
make
and development of the country. must be ascribed to the comparative stability of muchThey are the great highways connecting the East with of their traffic such as merchandise and other articles of;
the West, over which the traffic to and from those sec- freight which represent the wants of the communttieB
tions (or at least a very large part of it) must pass. directly served, and which items would not contract'
They get the benefit not only of the growth of popula- greatly except in a period of extreme business depresthe good results must also bo ascribed to the
tion and manufacturing and industrial expansion in sion
their own territory, but of the increase in population varied character of the tonnage, making the roads less
and industrial growth in other parts of the country. dependent upon any one class of freight, and, finally,
Goods imported at the seaboard go over these routes with the increase of population which is steadily going
on their way to the point of final consumption in the on we would naturally expect an increase in passenger
West or South, and that large quantity of goods of travel and in general and miscellaneous items of freight.
domestic manufacture produced in the East, but con- This latter might seem improbable at a time of crop
sumed in the remoter sections, also goes to swell the shortage, but in this case the loss to .the producer waa
In like manner, agricul- not so serious as on other occasions, since the higher
traffic of the same route3.
products
from
points far removed from prices which he was able to realize for his productions
ture and other
intended
for
export or Eastern con- served as part compensation for the diminished yield.
seaboard,
and
the
Examining into the details of the figures now, we
umption, furnish traffic in the other direction which
find that on the Lake Shore the decrease in gross earnsimilarly passes over the trunk lines.
These features, however, while they give great ings for the half year is only $121,850, or 4-26 per
strength to the trunk line position, because ensuring a cent. In 1890 the gain for the six months as comlarge and varied traffic, also make the trunk lines sus- pared with 1889 was $1,091,154, so that the road the
ity
and growth
;
ceptible to a great variety of influences,
change
of
in the conditions affecting one or
traffic
becomes yery important.
change ia conditions these
lines
so that a
present year lost considerably less than one-half of the
more sources noteworthy improvement made
Precisely such a
ing the
many
last year,
notwithstand-
unfavorable conditions which have pre*
bare had to couteud Tailed aa above enumerated.
Moreover; in an article
THE CHRONICLE.
966
line income for the first three months
we showed that while the Lake Shore
the
[Vol. LU.
The Baltimore & Ohio
for the same five months lost
$280,133 in gross but gained $137,817 in net, expenses
period had suffered a decrease of $155,265 in gross having been cut down $417,950.
On the Michigan Central and Canada Southern
earnings, the Nickel Plate, a parallel road owned by
the Lake Shore, reported an i»-crease of $156,458, there is, as already said, no decrease in gross earnings at
making the earnings of the combined roads for the all, but an increase. This increase amounts to $133,-
on trunk
of
year
in this
quarter in 1891 slightly larger than in 1890, when they
had been $854,374 above the total for 1889. What the
result is on the Nickel Plate for the second quarter we
do not of course know, but the fact in question with
reference to the results for the first quarter should not be
overlooked in its general bearing on the comparison for
the half-year, since it makes the exhibit even more
favorable than appears on
its face.
In net earnings the change on the Lake Shore from
the six months of last year is very small, amounting to
This
only $33,895, or a fraction of one per cent.
favorable result has been achieved by a reduction in
The Lake Shore has been
expenses of $397,955.
spending such very large sums for many years in making improvements, buying new equipment, etc., and
charging the same to operating cost, that a recluction
Even with the
in expenses now is an easy matter.
expenses
we are told inpresent reduction, however,
nothing
mentioned,
description
of
the
clude all outlays
having been charged to construction or equipment
account since 1883. The directors declared a halfyearly dividend on the new basis adopted last
December, namely 2|per cent, against 3 per cent formerly, and the return submitted shows that the net
earnings were sufficient to meet the dividend in full,
and leave a small surplus this in the poorer half of
the year, and after including in the expense accounts
—
000 and
accompanied by an increase of $167,000 in
somewhat less than in the
six months of 1890, the same as in the Lake Shore case.
The usual semi-annual dividend of 2 per cent was
declared on Michigan Central stock and a surplus
remains of $68,236 above the amount necessary for that
purpose.
On Canada Southern stock 1^ per cent was
declared, the net income for the half-year falling
somewhat short of the amount needful, this however
nearly always occurring in the first six months, which
ii a much lighter period than the second six months.
is
expenses, leaving the net
MICHIGAN CENTRAL AND CANADA SOCTHERK.
Jon.l
to
1880....
1881....
Op/ratintf
Interest
Net
Gross
and
Earnings Expenses Earnings
and Taxes.
*
4,089,000
*
6,508,000
6,168,000
4,378,000
4,473,000
t'
To
7b
Centra}.
Southern.
»
%
|
Surplus.
t
»
2,417,000
1,044,000| 1,.373,000
1,780,000
1,102,000
688.000
1882....
5,.J68.000
1883....
4,691,000
1,096,000
2,149,000
1.240,000 <U 146,000
1,210,000
939,000
4.216,600
1,887,000
1,280,000
107,000
626,000
71,333
813,000
1884....
6,740,000
5,6O3,60j
1886...,
4,073,000
3,886,000
1,087,000
1888....
5,436,000
3,952.000
1,48J,000
1,320,000 df 233,000
1,290,000
194,001
146,360
1887....
4,511,000
1,880,000
1,276,000
1888,..
6,361,000
6,636,000
47,640
170,000
4,72.'>,000
1,810,000
1,260,000
1889....
6,253,000
4.424,000
1,809,000
1,260,000
1800....
6,843,000
6,965,000
4,968,000
1,875,000
1,212,000!
6,135.000
1,8:W,000
1,280,0001
ISOl...,
674,000
660,000
549,000
663,000
600,000
3*,6fl7
404,000
391,000
803,000
472,000
448,000
166,000
166,000
181,000
167,00«
COMMON SGHOOLS, NORTH AND SOUTH.
Bryce says in his "American Commonwealth" that
this country " the average of knowledge is higher,
"the habit of reading and thinking more generally dif" fused, than in any other country." To be sure, he
back
year
to
every
six
months
of
first
results for the
that the education of the masses of the people is
adds
1871.
LAKE BBOBE & MICHIGAN gOVTRKBH.
superficial; but so is that of any people or of any indiInterest,
Operating
vidual member of a community who has engaged in the
GroM
Set.
Surphie.
Jan. 1 to June £
Earnings. Expemii Earninits. Rervlals,
active pursuits of life after such instruction as is given
etc.
and Taxta.
t
in elementary schools.
t
$
»
*
outlays for construction and equipment, as already
The following affords a comparison of the
stated.
all
1871..,
7.019,fll2
2,600.618
2,795,362
1,494,618
8,464,179
4,618,994
5,668.817
1,006,000
187«..,
1,020,000
1,776,362
18TS...
9,797,649
6,947,819
2,819,830
1,337,000
1,622,830
1874...
8,661,504
1,604,000
6,920,427
6,610,238
6,689,507
3,041.266
1876...
1878...
6,887,300
4,681,144
1B77...
6,461,167
6,596,092
4,788,120
2,206,166
1,673.047
1878...
4,169,573
2,426.519
1S7»..,
6,032,292
4,336,218
1880...
9,072,093
4,683,784
2,607,074
4,389,209
1881..,
8,954,926
5.285,164
3,669,762
7,952,721
9,219,171
5,359,676
2,693,045
1883...
5,722,087
3,496,204
1884...
7,220,366
2,729,075
1886...
6,487,660
4,491,290
4,588,116
188S...
6,933,682
4,485,985
2,447,6971
1887...
8,644,330
5,068,138
8,576,198
1,537,266
aef.74,oeo
1,380,000
826,166
1,387,800
285,247
1,369,000
1,067,519
1.377,300
1,219,774
1,376,000
3,014,209
1,362,000
2,307,7(»
1,616,949
1,078,096
1,749,403
1,746,801
1,860,335
868,740
1,933,728 del 34,190
1,856.490
591,207
1,830,000
1,748,198
1888...
8,667,889
8,829.606
6,384,222
3,283,667
1,804,307
1,330,920
1,899,638,
1,405,000
in
who
will write of
to be
in the next
It is quite evident that the observer
the American
Commonwealth
as
it is
generation will have something even more emphatic to
American masses than is
whom we have
Census bulletins which is not yet
say of the education of
the
said by the candid but fair-minded critic
A
quoted.
completed
series of
is
giving facts regarding the
enrollment of
pupils in the public schools of the several States.
figures
make
it
evident that the
common
school
is
The
now
work in the only districts of the country
The
not
already in complete operation.
was
1,479,360
6,944,721
1,711,625
2,884,976
1,173,360
statistics have thus far been given for only thirty States
1890..
9,923,850
6,958.559
2,965,291
1,686.926
1,478.365
6.5B0.604
isei..
9,502,000
2,911.3961
3 .680.000
and some of the Territories, but the tale thoy tell is so
1,261,306
is
perhaps worth noting that some of the uniform that it is not necessary to wait for the comIt
other trunk lines which have in
the past been pletion of the account before commenting upon the
very liberal in making improvements and better- results.
ments, and charging the cost to operating expenses,
Whatever misleading figures taken from the Census
are also able to report for the present year very of 1880 may indicate, every one who has the means of
heavy reductions in expenses to offset the loss in knowing the situation of affairs in the Northern States
gross receipts which they have incurred.
Thus the is aware that substantially all the white people who
Pennsylvania on its Eastern lines for the five months either are native or have passed their cliildhood in
ending May 31, while showing a loss in gross earnings America have the rudiments of education. They can
of $751,751, shows a loss in net of only $368,636, read and write.
The Census bulletins to which we
expenses having been diminished $483,115. The West- refer indicate that on the whole the enrollment of
ern lines of the same system afford a still more striking scholars in the Northern States forms not quite so
illustration, however.
The gross fell off no less than large a fraction of the whole population as that of ten
l,t58,945, buf^xpenses fell off still more— $1,293,489 years ago. In fact the only Northern States thus- far
—leaving actually a gain of $34,544 in net earnings reported which have made as great a fractional gain in
fully doing its
where
it
Jun
THE CHHONICLE.
a7, 1891.1
school enrollment as in population aro
Not a
the Dakotas and Montana.
Rhode
little of
Island,
the decline
957
by th« Coosu« Office that the Southera Stat«t, which
were to benefitted chiefly by the measure to warmly
may be traced directly to the increasing importance of
elementary private and parochial schools, which number now nearly 160,000 pupils in the State of New
York and in Wisconsin, where the partisans of these
•ohools have lately waged a successful political battle
against a law which required the teaching in them to
be English, they number nearly 60,000 one-sixth as
maintain schools for all, and that they are also disposed
to discharge that duty.
The special agent in charge
of this division of investigation has in several cases
acknowledged with emphasis the valuable assistance he
has received from the State superintendents, and the
many
State officers have done
;
—
as the pupils in
public
making duo allowance
given, after
for
stance, indicate that primary education
now than
If the figures
schools.
are
fully able to
very fulness of the returns presented shows that the
their
work with enthusiasm
circum- and with commendable pride.
this
is
pressed upon the favor of Oongresi,
less
general
It will be interesting to observe,
when
the statistics
was ten years ago, then they do not indi- of illiteracy are published, how much has been accomcate the truth.
For it is still true, as it was then, that plished in diminishing the percentage of people who
it
substantially
every
school
cannot read and write. After all, the task is more diffiNorth than in the South, for Europe is
It is chiefly as regards the South that the figures are constantly pouring into the Northern States a flood of
interesting.
Returns have been published from only immigrants who are ignorant and who are too old to
child
of
age
has
schooling.
cult in the
learn.
But the common school is doing a great work
them the everywhere, and under the liberal support which it
school enrollment has increased at a more rapid rate than now receives throughout the land, ignorance must dis-
eight of these States, or ten
and Delaware
if
we aro
Maryland
to class
as Southern; but in every one of
the population.
Indeed, the enrollment in these eight
Southern States is greater in proportion to the population than in eight selected typical States of the North.
Moreover, the highest rate of school enrollment in the
whole country is not in New England, nor in Iowa or
Kansas, but in Mississippi, where, according to these returns, more than twenty-seven per cent of the people, old
and young, of both sexes and of all colors, go to school.
This very high rate in Mississippi carries the average of
the South above that of the eight selected Northern
States.
We show the percentage in sixteen States,
singly and by groups, of the population which is enrolled
in schools.
SOUTH.
NOKTH.
Per cent of
Pop. Enrolled
8taU».
Per tent of
Pop. Enrolled
State:
m
(n Sehoolt.
Iowa
27-18
25-34
20-69
20-01
19-77
18-38
17-69
11-12
UtSBlaslppl
WestVlrirtnla
Vlrelnla
Nortli Carolina.
Arkansas
Texas
South Carolina
Louisiana
Average eigbt States.
New Hampshire
Average eight
19-44
niinois
NewYork
Pennsylvania
Massachusetts
19-84
Schools.
25-79
21-71
20-40
20-34
17-37
18-36
16-59
15*88
Ohio
Michigan
States..
appear.
THE INTERNATIONAL AND GREAT
NORTHERN CASE.
The
decision of the
Supreme Court
of the State of
&
Great Northern case to
the effect that the Attorney-General of that State had
no right to intervene in the suit brought by the bondholders to foreclose their mortgages, although long de-
Texas
in the International
ferred,
is
very satisfactory
The course
now
that
it
is
rendered.
Texas courts in reference to this
road has done a great deal to throw discredit upon the
administration of justice in that State and to discourage capitalists from investing there; but this
decision and the action of the Legislature in appointing an Investigating Committee are very reassuring.
It will be remembered that this road was placed in the
hands of receivers by the Judge of the District Court
of Smith County, at Tyler, Texas, on a creditor's proceeding.
The conduct of the local Judge provoked
of the
In the eight Southern States there is a total school grave criticism at the time. The bondholders, as is
enrollment of 2,173,853 out of a total population of too often the case when receivers are appointed, were
We do not know of course just how not before the court, and their views and wishes were
10,959,759.
much this enrollment implies. Probably the schools not consulted. The chance for local politicians to
are not of as long duration as similar schools in the profit by having the administration of a great railroad
States where the common school system is older, but thrown into their hands is sometimes a great temptathe fact remains that almost the whole of the coming tion too tempting to be resisted.
In the Great
generation in the South, white and black, is receiving Northern case the duty presumably devolved upon the
the rudiments of education.
It is among the most inmortgage trustees of filing foreclosure bills.
If
teresting facts to be deduced from these bulletins that they filed
them in the United States Court it
the number of colored pupils enrolled in these eight was admitted that that Court could not execute the
States is 759,432
more than three quarters of a mil- decrees that it might render in such suits and sell
lion.
In Mississippi alone, where, as is well known, the property while it was in the bands of the State
—
the colored people form a majority of the whole population, the colored scholars
35,000.
There are in
that State.
no
fact 193,431 colored pupils in
It is also interesting to note that Missis-
than 3,150 colored teachers out of an
both races.
Evidently the
weaker race in the South is destined not to be weaker
because its members are left in ignorance.
sippi has
less
aggregate of
would have to be exeby the State Court.
The trustees, placing perhaps more confidence in
the State Court than the result warranted, concluded
to file their bills in the State court, and this wa*
done.
The situation at that time was not very
satisfactory to those who were interested in prolonging the receivership, and therefore the AttorneyGeneral of the State, then actively engaged in
his canvass for the governorship, mainly on a platform of hostility to railroads, was induced to file an
intervening petition claiming that the bonds were
illegal and void, chiefly on the ground that the consent
of the stockholders to the making of the mortgage had
receivers, but that the decrees
outnumber the whites by cuted,
7,386 of
These facts have an important bearing upon one
measure that has been much discussed during the past
decade, that namely of national assistance to education.
The scheme has now lost its most persistent
champion, for Senator Blair will not be in Congress to
urge it. It is proved by the information afforded us
if at all,
THE CHRONICLR
958
not
been
filed
in
the
of the Secretary of
subsequently appeared
question had been properly
office
Although
State of Texas.
[Vol, Lll.
THE EUROPEAN SITUATION.
it
that the resolution in
filed in the office of the
Secretary of State
but
had not been indexed, nevertheless the Attorney- General persevered in his suit, and the District Judge,
after two very elaborate arguments to the effect that
the Attorney General had no right in the case at all,
nevertheless refused to strike out the intervention as,
A combination of circumstances has during the last
few days given prominence to European politics. Simultaneously we have had announcements of the closing
by Kaiser William, in person, of the Prus-sian Landtag, and of the formation of a great commercial union
or customs league which includes Germany, Austria,
Hungary, Italy and Switzerland. We have had fresh
the Supreme Court has now decided, he ought to have evidence that the relations existing between France
done.
and Italy on the one hand and between France and
This was the condition of things when the case Great Britain on the other are not just so friendly as
•finally was brought on for trial by the bondholders' could be desired.
Italy, influential member of the
counsel and pressed for a hearing. Just then, how- Triple Alliance as she has been, is not in an entirely
"ever, one of the counsel of the Missouri Kansas & Texas satisfactory condition internally ; and there are some
'Eoad, which had intervened in the case as a stock- prophets of evil who would have us believe that that
holder, became ill, and, against the protest of the bond- country is suffering from what anatomists would call
More- degeneration of tissue in other words, that tlie nation'holders, the case was still further adjourned.
over, the Attorney- General, with a singular want of alism which some twenty years ago accomplished reappreciation of the matter in litigation, demanded a sults which surprised the world, is gradually giving
jury, thus insisting that the question of whether some way to provincialism, and that as a consequence
ten or fifteen millions of bonds had been properly issued Italian unity is in danger. In view of all the facts,
;
should be submitted to the determination of twelve however, there is nothing, so far as we can see, to jusTexas farmers of certainly not more than average in- tify any such views.
telligence, and in the midst of a canvass in which he
Kaiser William maintains his popularity and power ;
was a candidate for the highest State office in the gift and while we are compelled to regard him as not only
This being the situation of affairs, it is the foremost ruler but the foremost man in Europe, it
of the people.
perhaps not surprising that the counsel of the bond- is gratifying to find that he faithfully adheres to that
holders concluded that the only proper course for them platform which he adopted, almost immediately after
to pursue was to dismiss their bills in the State Court and his accession to Imperial power the advancement of
file new bills in the
Circuit Court of the United the interests of the German people and the preserva-
—
States.
His speech at the clostion of the peace of Europe.
This action of the bondholders' counsel enabled them ing of the Landtag on Saturday last revealed a becomto test the legality of the Attorney-General's course in ing anxiety in regard to domestic reform and an honest
attacking the bonds. If he had any right at all in the desire to do justly by all ranks and classes of the people.
foreclosure suit, and if the District Judge was riglit in The progress made in bringing about some of those
deciding, as he had twice done, that the intervention domestic changes had not been so rapid as he
of the State would lie, then the bondholders could not could have wished ; but the work was not to be
hy dismissing their suit throw the Attorney- General abandoned.
He was equally explicit in the exout of court, for he had a right to go on, if he could pression of his hope of the continuance of peace,
prove his facts, and have the bonds adjudged void. and of his determination to leave nothing undone which
But just here the District Judge gave a decision by would have the effect of making that peace secure. It
which he practically reversed himself, deciding that the is not long since in a speeeh at Cologne the Emperor
dismissal of the case by the bondholders dismissed the said: " I only wish that the peace of Europe lay
Attorney-General's petition out of court and that his "exclusively in my hands.
I should at least take care
attack upon the bonds was ended. From this decision " that it would never again be broken." On Saturday
the Attorney-General appealed.
last he repeated the sentiment at Berlin when, referring
And now this decision of the local Court to the to the blessings of peace now enjoyed, and not, so far as
effect that the State had nothing to do with the ques- he could see, in any immediate peril, he declared with
and that emphasis and amid the cheers of the members of the
the Attorney-General could not intervene in such a Diet that the presevation of peace was the object of
cause, has just been affirmed by the Supreme Court of his unremitting endeavor.
Texas, the highest tribunal of that State. The point
With such a man, controlled by such a purpose, at
itself is a plain one, and has been repeatedly decided the head of affairs in Germany, we are not without a
elsewhere.
Nevertheless, the bondholders are to be reasonably satisfactory guarantee that the present
tion of the legality of the issue of the bonds,
congratulated, and the State of Texas is to be congratulated, that the Supreme Court haa resisted the
which sought an adverse decision,
although after an extraordinary delay,
fitrong influences
and has
done its
We
at last,
full duty.
hope that this decision
will clear the
full settlement of the affairs of this road
way
for a
on some
re-
organization agreement.
Meanwhile, however, we are
told that the bondholders are pressing rapidly for a
decree of foreclosure and sale in the Federal Court,
and the committee appointed by the Legislature of
the State of Texas is making a full and elaborate investigation of all the facts connected with this extraordinary receivership.
European peace will not be rashly disturbed. Besides,
the German Emperor has a strong ally in the fact that
governments and dynasties are afraid of the consequences of war. The new war machinery is so dreadful in power that a few days' fighting might result in
the permanent blotting out from the map of Europe
In the history
of one or more of the existing nations.
of European wars we have not been privileged to note,
on any great scale at least, what might be
There
have been
Continental progress.
called
great viccampaigns,
great
great battles and
tories and great defeats; but as a rule peace in the
long-run has been patched up, and the status
q%io
ante helium has been restored.
Overturned gov-
JONB
THE CHRONICLE
27, 1691,
crniuonts havo been re-established ; exiled dyuasties
have been recalled aud restored to power and the
machinery in its old grooves has rolled on as before.
There is reason to fear that the next European war, as
it must (come when it may) be on a large scale, will bo
at once more radical and more sweeping, as well as more
l)ermauout in its effects, than any of tlie great wars in
;
all
I
I
959
remainder of tfa« Btat«, Mid tb*
whole State for each olaw of Iniititutionii.
reaultn in the
totato
foe^
the past.
governments are afraid to do
anything which is likely to have the effect of breaking
the peace. As Lord Salisbury said in his recent speech
at Glasgow, war in these times and under the new condition of things is much more likely to be brought about
by the rash conduct of the ambitious and irresponsible
multitude tiian by the, desire and wilful efforts of interested and responsible rulers. Dread of consequences
is unquestionably one of the best guarantees of continued peace ; but in these continual bickerings
between Italy and France as a result of the Triple
Alliance, and between Franco and Eagland in regard
to Egypt, in the efforts of the French to havo Russia
It is for these reasons
on
their side,
and
ffl»;
1
in the watchful determination of the
"cob)#»3SM:
Government shall enter into
with any of the Continental
-iS- fa*"?,?.
WM*^
c'-^Wbo»
»
-
British radicals that the
no entangling
alliances
Powers, we] see how little real contentment there is beneath the surface, and how very peculiar are the leashes
which hold "the dogs of war"
XCJiMWO^WWrf-ClO
to the value of the Dreibund or Triple Alliance.
It enables
is
it
It
to say to the Muscovite,
It puts Italy in a position in
"Hands off
which she has no need
is
Dreibund Italy
Triple Alliance.
-• CJ
X — M *1 3>
rffc.
i
"a 'H
9
of
*^ V» "1
,
1^ ?=-
H*
C.T
io
I"
to
M^ U ecatoosto
CS lO CS C" on
jooaa
it-o-'o
X Oi x cop H* COit^
-q j5 CT
*© 00 *» ^ w cj X ^ V w -1 bi
— *i»4-WXXtOKiO
0< 00
j^j- OD
§X
beyond question the
weakest part. The truth is, Italy has long been greatly
overweighted; her people are bowed down with a burden
of taxation which they cannot much longer bear.
They
have a magnificent country, rich in resources of various
kinds, and capable of infinite improvement. But somehow the people lack spirit. Trade and industry are at
a very low ebb, and agriculture is neglected. All over
the country the tongues of orators seem to have been
set loose, and the air rings with denunciations of the
as the
OxOCi
CO
?.t?'«SiS-
V wT -I ** o-x-q«i^wx
OOiOCO^OOO
be afraid of France. There is a common saying that
the strength of any combination is equal only to the
strength of the weakest part. In the combination
known
oO
Q0)C;tO* ViXwi
HX)
a menace to France.
Germany, Austro-Hungary and the East
Europe generally
^lUC^^M too**
SWCSfc3--li-*XSiX»-tiO
apart.
In the circumstances there can be no two opinions as
not a menace to Russia, nor
wh->i^M
2X
oSi«9g3ff
005; so
SI -4
is
M -q ^ M
C.T
**
In these circumstances comes the new commercial
union, the Zollverein, which will soon be in practical
M
—c
ic
1
#>.
©O
c c£
^1
;
XXo
M c 10 — *k coco —
CJiTO
OS o o ^1 -«
c: a o o
OD^i*-tcww«J;o^o
to X O «<
<1 SI O
o
no
(XWOO
5 c;
i-t
!-•
It'
iccsc3Ctcc;*ai:fi
avozeoc-.-.ot'
mcco
xcxi
bi-CS
l0^:StwO
'
rf^
f^-
WKlO
oa>
©xxw<^c-'xccp«*i05;i^xa5
?OC5TcX3iCaw<|'— to^ti
8pi«coe:»>-ifMxo
It is the Triple Alliance that necessi-
tates the maintenance of a large army and a large
navy; and it is the maintenance of the army and navy
that is at the bottom of the present distress.
to
tCk
©pc-):c_x^ita; j^co-^
We
fcawos50C;»tox*'.-'^<xo
remarked, the financial institutions of
gave week before last on page 895 the national
The foregoing
are, as
the State.
bank returns, which of course included the figures for the Chicago national banks and those for the whole of Illinois outside
of Chicago. If now we combine the national and State returns
we have the following which shows the condition of the
and which is expected to be of real service banks, both national and State, in Chicago, and in Illinois
close of business on Monday May
to Italy and to all the nations which are parties to the other than Chicago, at the
for State banks. It
4, 1891, for national banks and June 1
league.
The presumption is, too, that the great aim
will be noticed that in the comparison below under the head
of the union is to strengthen the Triple Alliance; and of State Banks we have included all the financial institutions
of course in considering and maturing such an arrange- —those that are called savings banks and trust companies as
operation,
We do this
have been taken into well as those that are simply commercial
because the statement issued by the State includes all the
account.
It is too soon as yet to speak with confi- banks, and for the further reason that in many instances the
dence of the probable results of the new customs com- distinction between banks is very slight.
Nal. Btnla. Stntr AmJc*.
Tbtai.
Junf 1.
Man.*.
CHICAGO.
pact, but it is reasonable to conclude that it will
n
»
Namlwr
secure important advantages to all the contracting
ment the condition
banks.
of Italy ]must
.
IxHuu and dlaooonU
parties.
Orerdraft*
Stoclw. bonds. 40
—
Illinois State Banks. Through the courtesy of Mr. C.
M. Pavey, Auditor of the State of IllinoU, we have received
this week a statement showing in detail the condition of the
State banks, savings banks and trust companies in Illinois at
the close of business Monday, June 1, 1891. From it we have
prepared the following table, showing the results in Chicago,
Due from rejwrve airenU
Uuetrom banks and bankera
Bankinc bonne, fusltnre and flztoim.....
Sp«ol«
*S'.%-?ix
.
.Sl!£
10.(
v».»
"'^b'^
ifi,i7's^
<5?-iS?
•0,606
1M.7W
•.aTa,«8a
wjuAjtm
7MJM
1».TH,«4«1
r.oEal tender note* and eart'fs of dspoalt.. U.7tf.0Mt
RichanKe* for clearing Hoaae
Z.'25J*'5.'
»Mi.tmi
Rillii of other baaka
Current oxpeosee and taxM paid
^Is%L
Douda
Premlnma on n. S.
.JSiSi
U8,lln>
Other reaooroes
ToUl
tujn«.iot fi3o.4oa.aaf
117.110
S3.an
8.90(l,lw»
»laO*tt.»7S
1M.SM
i,*u,ii»
UTiS
|«,010.«« tst7.«».u
MI
IBE CHRONICLE.
960
On Wednesday the Bank "of England issued to the Baring
guarantors a statement showing the progress of the liquida-
Hat. Banks. State Banks.
Maui.
JAalyiiities—
Capital stock paia In
JU71« 1.
»10,477,000
5,113,110
tl7,5flO,000
Surplus and undlTlded profits
10,646,080
720,880
7,779
Circulation outstanding
Dividends unpaid
Individual deposits
Other deposits
Duetobanksand bankers...'
Kotee and bills re-dlscounted
BUls payable
724,999
53,331,612
Total
Total.
$27,977,000
16,058,220
720,980
7,779
97,816,955
19,603,328
55,717,935
28.856,432
18,878,329
68,»81,53.S
3,.S88,323
1150,891,973
up to the 1st of this month. The liabilities, which at the
time of the crisis amounted in round figures to 21 millions
sterling, have now been reduced to £8,835,000.
Of that
amount a little over 7J^ millions sterling are due to the Bank
of England, and £839,000 to others. On the other side of the
tion
$67,010,224 $217,902,197
account,
IJ^ot*.— The amount ($6,673,686) under State banks, bracketed opposite specie,
legal tenders, &c.. &c., Is Riven In reports of State banks as " cash on hand.*'
Other deposits " under State banks Includes ?13,470,422 savings deposits,
$1,601,119 demand certificates of deposit, $^,388,755 time certificates of deposit,
$853,417 certified checks and ?567,616 cashier's checks outstanding.
I
ILLINOIS,
OTHER THAN
Nat. Banks.
CHICAGO.
Knmber
Besmirc
June
180
—
000,
Overdrafts
Stocks, bonds, Ac
Due from reserve agents
Due from banks and bankers
Banking house, furniture and
fixtures
Otherreal estate
—
Specie
Legal tender notes and
cert'f s of deposit.
Exchanges
House
for Clearing
other banks
Current expenses and taxes paid
Premium on U. ii. bonds
Other resources
Bills of
Total
.
$46,608,990
$10,039,204
627,887
109,017
10,597,676
711,851
9.801.709
2,052.826
2,265,36a
1,587,472
217,237
398,495
103,710
3,168.5401
2,231,201 (
779,398
124,295
l,070,46lj
418,849
83,780
539,414
'
739,003
63',95i
Surplus and undivided profits
Circulation outstanding
Dividends unpaid
Individual deposits
Other deposits
Due to banks and
bankers
Notes and bills re-discounted
BiUspayable
$56,648,194
786,904
9,804.709
4,318,195
1,804.709
502,205
$94,346,335
9,-.'90,117
2,148
4,741,935
5,418,588
267,286
4,311,572
23.719
52,631.824
6.S32.736
2.540,606
261,200
341,131
5}^ millions sterling.
Total
$79,969,818
$14,376,617
[From our own ooirespondent.
$94,346,335
I
]
London, June
13, 1891.
England continues to receive gold. According
to the return issued on Thursday it held on Wednesday night
Bomewhat over 27 millions sterling in the metal, and the
receipts since have raised the holdings to fully 37J^ millions.
The reserve, in consequence, is about 19 millions sterling, and
more gold is expected from abroad. It is true that the shipments from New York for the past fortnight have been on
accoimt of the Bank of France, but the metal is still coming
from South America, Australia and elsewhere.
On the other hand, the withdrawals for Russia have actually
of
begun. Up to the present time only £300,000 has been taken,
but it is imderstood that next week about £600,000 will be
sent from the Bank of England, while Messrs Rothschild will
forward half a million sterling, and the general expectation is
that week by week the shipments will continue until, apart
from what the Messrs. Rothschild send, from 8 to 3}^ millions
sterling are withdrawn from the Bank of England.
Nobody
yet knows whether the Russian demand will be satisfied even
then; but if it is, the Russian withdrawals alone will reduce
the coin and bullion held by the Bank of England to about 24
millions sterling, and the internal demand from the middle of
next month to the middle of November wUl probably amount
to not less than 3 millions sterling; so that already we can
apparently foresee a demand upon the Bank of England for 6^
milhons sterling. How much will be taken by New York nobody here knows; but that there will be a considerable
amoimt is not doubted; and there will probably also be miscellaneous demands.
It is understood that the Bank of France has already decided
to allow from 10 to 12 millions sterling to be withdrawn from
it for paying for the wheat that will have to be imported.
The
directors of the Bank of France know that the money
caimot be got from the Bank of England or the Imperial Bank
of Grermany, and as France must have the food, of course it
will have to be paid for. If the Bank of France allows 10 or
12 millions sterling to be shipped, that will enable us to paf s
through the autumn without serious disturbance of the money
market.
In the meantime the competition between bankers
is so keen just now that the rate of discount
in the open market here has fallen to 2% per cent, and apparently is going lower.
The silver market is very quiet. There is no Indian demand
and scarcely any Continental demand, and the price, therefore, fluctuates between 44}^d. and 44?^d. per oz.
and
Among
the securities there are, other
If these
than South American, securities valued at £1,100,000.
Bank of
are good
and
easily realizable, the liabilities to
England
will
by them be reduced to about i}4 millions
the
sterl-
Against this latter sum there are Uruguayan securities
valued on the 31st October last at £2,117,000 and Argentine
Thus, against the liabilities
securities valued at £5,786,000.
of 41^ millions sterling, there are South American securities
valued at the end of October last at £7,843,000. No attempt
is made to estimate the present value of these securities,
or to intimate when they may be realized, but it is safe to
conclude that they cannot be realized for years to come. At
the same time the Governor of the Bank of England expresses
the opinion that the guarantors will not be called upon to pay
ing.
ITotf.—The amonnt ($779,398) under State banks, bracketed opposite specie,
legal tender. Ac, &c.. Is given in reports of State banks as " cash on hand.'*^
'Other deposits" under State banks. Includes $2,477,390 savings deposits,
1968,441 demand oertlficates of deposit, ?1,885.8j2 time certificates of deposit,
$79,392 certified obecks, and $7,608 cashier's checks outstanding.
The Bank
therefore,
is estimated at £932,000, and foreign governments
and others owe £965,000. The larger part of the latter sum is
due from the Portuguese Government, and it is understood
that the advance made to it in Paris will enable it to pay its
debt promptly. Thus there are nearly 2 millions sterling which
the Bank of England can reasonably count upon, and that will
reduce the liability to the Bank of England to somewhat over
602,629
539.114
802.954
$18,674,700
;
partners
7,373,895
$2,605,500
1,076,886
bills and remittances are
against the £829,000 due to
understood that the
creditor of the estate; and, as already stated, the liability to it
exceeds 7J^ millions sterling. The private property of the
ll,.'il2.527
$14,376,617
$16,069,200
8,213,262
4,311,572
21,601
17.889,889
1,114,153
2,273,220
61.850)
15,061)
bills receivable amount to £413,come forward amount to nearly
Bank of England, either in cash or in forms
that can Safely be counted upon, there are £913,000. Practically, therefore, the Bank of England is now the only
(
$79,969,818
lAabilities—
Capital stock paid In
It is
and
to
others than the
227
a
Loans and discounts
at call
absolutely certain
Total.
1.
47
money
and remittances
£500,000.
Sta'e Banks.
Man 4.
[Vol. Lil.
bill-brokers
up any part
of their guarantees.
There is a decidedly better feeling here this week, but it is
not accompanied by any increase in business. It is now generally recognized that the alarming rumors that have been recently circulating were quite unfounded, and that there is no
danger of serious financial troubles. The large amount of
gold attracted by the Bank o£ England and the consequent
decline in rates lead to the hope that the money market will
remain easy for a considerable time to come and the extraordinary recovery in Paris has dispelled the fears recently entertained of a crisis there. Yet the stock markets are utterly
There is a considerable rise in inter-Bourse securilifeless.
ties, in South American securities, and even in British Railway
stocks but the rise has been brought about either by the buying back of " bears" or by the mere putting up of quotations.
The public is holding quite aloof and speculation is at a standThe American market is as quiet as it was shortly after
still.
he Baring crisis. Although the large shipments of gold from
New York account for the decline in prices, people here fear
that there may be difficulties that are not understood, and at
all events they are entirely discouraged by the dulness that
prevails in New York.
Still, though the public is holding aloof and speculators are
quiet, a few venturesome spirits are beginning to think that
the time has come when they may venture upon a little bolder
action. The 3 per cent Indian sterling loan for 2}4 millions
was offered for tender on Wednesday, the minimum price
It was subscribed nearly twice over, and the
being 92.
average price obtained was a trifle over 94i>^. It is understood that the public did not apply, and that the loan has been
entirely taken by a syndicate. It has also been announced by
the Bank of England that the Queensland loan, which failed
so completely a few weeks ago, has been entirely taken by a
syndicate at a reduced price; the price, however, is not
:
;
announced. From this it would seem that the syndicates in
question hoped for an early increase in the investment demand.
The Paris Bourse, differing from our own, shows unexpected confidence and boldness. The leading banks there
have combined together to support markets, and the great
operators are acting with much vigor. The Portugese Finance Minister has succeeded in selling bonds of the Tobacco
Monopoly Issue, which recently were not subscribed, sufficient to enable him to pay the July coupon the syndicate
which took these bonds has also taken an option for other
;
Junx
THE CHRONICLE
37, 18S1.J
bonds which, if acted apon, will enable the January coupon
In consequence Portugese bonds have risen to 49;
to be paid.
in the recent crisis they foil to 87. There has been a conHid•rable
rise,
BBCllah VlaaMOlal market*— far OabI*.
Th« daily cloaing quotation* for seouritiea. Sec,, at Londoa,
are reported by cable aa follows for tha wa«k mdnui June M:
Russian, Italian, Turkish; in
in Spanish,
too,
9B1
Zjondon,
gal.
French bank shares and generally in all securities largely
Sllver.perox
d 40>4
dealt in on the PariK Bourse. The Berlin Roume is more OonM>M.new.2\ rorcU. 95i|«
(or
account
do
95S«
quiet, but it follows in the wake of that of Paris. Yet tho
IVoh rentes dn I'arlslfr. 9508
financial condition of Portugal, Spain and Italy is a» had as i;, 8. 4i««or 1891
lO'J
120
U.».4«of I907
ever no well-informed person doubts that Portugal is bank- C»u»<1lan I'lirlllc
8I\
rupt the Spanish tinances are hoiielessly entangled, and the Chic. Mil. .V 8t. Paul.... Oft
Illinois Central
97
crisis in Italy grows worse.
Lake Hhore
112
75i*i
Ixiulavllle& Nashville.
The crisis in the Argentine Republic as yet shows no signs of Meidoan
Central 4a
75
•«
102
N.
Y.
Central
Jk
Hudson.
abatement. It is true that the run upon the private banks has
N.Y. Lake Erie* Weat'n 20 >o
ceased, and also that the premium on gold, which at one time
lO'J
do
2d cons
advanced to 846 jer cent is a little under 800 now. But on the Norfolk A Western, pref. 98>4
Niirlhern I'adflc, pref... 69 >i
other hand the run has disabled the foreign and private banks, Peunsylvunia
51%
Philadelphia
16
while the State banks were already bankrupt. In consequence DnlonPaclflc<k Beading. 16%
23><
pref
the business cummunity cannot obtain accommodation, and Wabash,
Km.
Tutt.
W*d.
4a%
46
4S>t
nars.!
;
I
;
I
;
—
the distress of all classes is very great so great indeed that
Congress has thought it necessary to pass a bill suspending
for 6 months gold payments. The bill apparently applies not
to the banks alone but to everyone. It cannot fail to have the
most disastrous consequences upon the trade of the country;
and only too probably it will seriously increase the difficulties
of all European houses that have been looking for remittances
from Buenos Ayres to meet their engagements.
The weather this week has been far less favorable than last
week; during the first three or four days the temperature was
very low and there were frosts at night; and even yet the days
are colder than is usual at this season. Therefore the prospects of the crops are worse than they were a week ago,
although even still it is said that the wheat crop is better in
this country than could have been expected.
But on the
Continent the outlook is gloomy.
The following return shows the position of the Bank of
E^land, the Bank rate of discount, the price of consols, &c.,
compared with the
years
last three
1890.
10.
June
£
1889.
June
£
11.
£
24.803.700
24.602,075
6.899.975
33,616.593
7.071,520
25,198,396
9,941305
other securities
29,763.590
15,505,577
21.097.310
Kuerre
18,758,071
27,111.771
46 1-16
C»ln»n<l bullion
Prop, assets to llabllltles.perct.
4
Bankrate
perct.
96 1-16
Consols 2Ji per <jt
110,875.000
0.«arln£-House returns
& Abell
IS.
24.672.128
9,292,675
13.
t.
24,033.680
6,162.332
24.556.137
15.014.994
26.298,172
22.166.469
19,097,4e8
16,763.391
13,608,831
14,512,381
13,456.313
21.760.906
22.884.509
21.288.903
4113-16
42%
2^
96X
3
97 3-16
121.939,000
95,919.000
iSii
2H
-
105.676.000
Gold— There are no demands tor Rold In the open mnrfeet, and tho
arrivals continue to he boueht liy the Bank of England the total since
;
last amounting to £888,000. There has been £300,000 withdrawn
Arrivals: Brazil, £196,000: Now York,
for Kussla and Germany.
£520,000: Natal, £40,000; AHstralla, £02,0ii0: total, £848,000.
Shipments To B 'mlisy, June 4. £22,000 h»rs, and £2:i,500 In coin.
SUver— Special requirements for the ontlneut caused a rise in silver
to 44%d., but a fall of ifld. took place two days later, and 4-lS8d. continues to be the price to-day. Tnere have been no airivals, and the
steamer of June I took uo Mlver to India
Mexican Dollars— rh(^ last transaction in Mexican dollars took place
at 44%d., and this Is still the nominal quotation. £4,000 arrived from
New York.
The following shows the imports of cereal produce into the
United EUngdom during the forty weeks of the season com-
Barley
Oats
Peas
14,211,282
11.377,766
1,633,562
2,341,012
21,554,677
12,744.587
B«aDS
Indian
Floor
com
1889-90.
41,012,308
12,891,117
9,427,516
1,461,186
2,554,703
31.096.652
13.555.201
Supplies available for consumption
September
102H
19%
99%
30>«
99%
04%
68%
51%
19lg
19%
68%
51>4
15>«
45%
44%
44%
23>9
22><
22>3
103
19
99%
68%
68%
51%
53 >4
om
15%
TVi
74%
103
99%
037,
e8>«
16
74%
74%
7ft>4
99%
53%
67%
51%
14%
16
44%
22%
44%
22%
Hems
the beginning of the flrst week in January.
roaxioH IKFOBTR AT
ToaK.
mw
For Wetk.
Dry Ooods
1890.
1891.
j
$1,452,498
7,749,718
$3, 132.0001
6,627,941
$1,381,424
8,526,546
$8,333,285
$9,907,970
$9,915,583
$9,202,316
$62,656,466
168,585,85?
$66,582,250
176,375,795
$73,261,573
181,096.253
$57,720,528
201,355,329
*1,70.5,344
Qen'l mer'dise.
Total
Sitice Jan.
1889.
1888.
6,783,583
1
Dry Goods
Oen'l mer'dise.
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Jane 33 and from January 1 to date :
BXPOBTS FBUM NEW TOBK rOB TUB WEEK.
1838.
Por the week..
Prev. reported.
1891.
1890.
1889.
$4,949,982
159,382,743
$1.8.55.164'
136,38-.!,780,
$6,1.50,258!
157,136,639
$6,416,314
161,682,274
rotal 25 weeks. $141.237.944'$164.3S2,725 $163,286.397 $168.099,088
The following table shows the exports and imports of specie
the port of New York for the weetc ending June 20 and since
Jan. I, 1891, and for the corresponding periods in 1890 and
18i9:
BXPOKTS AND IVFOBTS OF SPEOIB AT HBW TOBK.
Week.
Ireat Britain
West Indies
Mexico
South America
Vll
ISittceJan.l.
1
2.000
1
93,805
ether countries..
11,7.')0,907
12,2;.S.3,'>9
Oraat Britain
Krance
Siiue Jan.1
$10,000
218,090
329.784
588,117
13,510,3771
1,859,479
$5,r00
9,205
1,525,810
24.500
13.891
2,5,775
105,:*31
700
403,771
$2,620,601 $62,944,829
5,700,533
1,276,135
5,502,561 37,704,160
Wetk.
$4,097
17,000
650
$20,741 $1,630,868
4.137,483
14.043
202,990
3.627,3m
Imporl*.
ExporU.
Silver,
1887-88.
Week.
$1,274,796 $32,798,875
1,250,000 13,196..583l
Germany
34.540.500
15,915,418
1,947,.).')6
2,181.180
2,135,113
2,590,901
22,490,090 17,185,171
11,018,091 11.71,'>.3U4
(exclusive of stocks on
Imports.
Export*.
Oold.
Sinee Jan.l.
Week.
Siiue Jan.1.
$5,866,907
373,081
$20,633
Qermany
West Indies
Mexico
South America
All other countries.
212..560I
.
86310
74,783
2,205
112.478
171.575
409.330
$131,097 $6,969,982
9.138.644
421.400
9.348,670
392,276
$25,703
324.979
•800.301
3.0i3.6M
3.891
7d8,038
43.000
110,000
399,696;
$23,.'U>0
1):
1890-91.
Total
1889-90.
1888-89.
86.154,191
93,973,709
1890-91.
1889-90.
1888-89.
329. lOd.
30«. 3d.
28a.
31s.
English wheat, per qr.—
price, week.... 40^.
price, season.. 34s.
5d.
3d.
The following shows the quantities
maize afloat to the United Kingdom:
Wheat
76
102
Imports and Exports for the Week.— The imports of
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise. The total importe were $9,202,216, against $»1.0S1,804
the preceding week and $7,905,157 two week^ previous.
The exports for the week ended June 23 amounted to $6,410,814, against $5,887,241 last week and $7,610,762 two weeks
previous. The following are the imports at Sow York for
the week ending (for dry goods) June 18 and for the week
ending (for general merchandise) June 19; also totals since
1888-89.
47,676,495
15,767.399
1887-88.
Importsofwheat.owt. 43,250.270 41.012,308 47.676.4S»5 34.040,500
Imports of flour
12.744,887 13,555,J01 11.018,091 14,715.364
Bales of home-KFOwn. 30,159,034 39.406,200 29.813,161 32,828.103
Average
Average
74%
74%
last
Total 1891
Total 1890
Total 1889
:
IMPORTS.
cwt. 43,250,270
75%
75
103
ePonxmevclal and 3!^lsceUaucou3
;
Wheat
sm
It
our
1890-91.
1
1888.
Jujm
write as follows:
pared with previous seasons
>
:
Olnlnlatlon
Public deposlta
Other deposits
OoTernment seouritles
Messrs. Pixley
eBi,«
yO>i«
S5''*
00 I, 9St<«
05 •
9ft '1,
95 17>« 9»-2<l 96 30 9&-10 95W
102
103
lOi
103
103
120
130
120
118% 118%
»!''
81
Hl%
83
64^6
66
65 •«
64%
64
96
96
96
90
•0%
113
113
1I3>«
111% 111%
Fotal 25 weeks. $231,242.318 $242,058,045 $254,357,826 $259,075,867
1891.
June
*W.
4A%
Tliuieefk.
Latttmk.
qrs. 2.779.000
2,614.000
285.000
425,000
Flotir,
eaual to qrs.
Maize
qr«.
288,000
452,000
38,507,747
82,083,907
1887-38.
31s.
308.
8d.
6d.
of wheat, flour
and
94.
Od.
1890.
2,478,500
243,000
629,000
1889.
1,347,500
237,000
437,500
Total 1891.
Total 1890.
Total 1889.
Of the above imports for the week in 1891 $11,466 were
American gold coin and $3,620 American silver coin. Of the
exports during the same time $2,593,805 were American gold
com.
—
The annual report of the Canadian Bank of Commerce
for the year ending May 30. 1891, has been issued, and may
be found on another pa^e of the Chronicle, under the headIn view of the growing cloeer
Init " Banking and Financial."
relations between Canada and the United States the remarks
of President Cox and Oeneral Manager Walker will be reed
with
interest.
THE CHRONICLE.
962
New York—Monthly Statement.— la
FoRKiQN Trade of
addition to the tables on another page, made up from weekly
returns, we give the following figures for the full months,
«lso issued by our New York Custom House. The first statement covers the total imports of merchandise.
IMPOKT8 INTO
NEW YORK.
[Vol. LIl.
The visible supply of grain, comprising the stocks in g^anaiy
at the principal points of accumulation at lake and seaboard
ports, June 20, 1891:
548.996
86,500
Albany
Jfonth.
I>rj/
Total.
Merchan-
Ooodi.
fiood*.
Toledo
Oswe^
St.
July
14,214,708
37,289,011
51,503,719
AOKQSt
September
11,149,46'
28,851,047
40,000,514
12,768,678
36,302,054
October
11,792,766
—
November
12,052,320
11,793,529
43,048,588
Cincinnati
Boston
Toronto
Montreal
23,620,037
12,885,867
35,053,608
49,121,332
46,849,372
8,609,501
35,076,516
88,505i904
43,686,017
42,590,708
8,897,369
28,709,743
37,867,112
7,837,469
34,753,289
8,167,9J9
31,627,747
39,765,736
10,576,808
2fl,833,78&
40,210,596
14,249,505
42,550,753
16,566,805
28,161,S2«
42,72^,131
February
13,146,984
28,331,848
29,953,306
43,100,2S9
15,765,270
26,438,876
41,239,149
16,570,193
28,066,730
43,636,923
9,246,910
38,533,946
47,830,853
8,283,995
36,887,351
44,951,346
March
13,041 ,350
35,576,721
48,818,071
April
6,968,738
41,479,653
48,448.991;
May
6,354,070
36,573,461
42,927,531
Total.... 119,881,724 j75,854,692 4B5.538,4ie
130.258,567 836,072.33' 466,330,904
EXFOKTS FSOH NEW TORK.
Month.
1890-91.
1889-90.
lf89.90.
(
*
July
t
June
13,787,330
13,384,502
15,768,706
12,016,108
SJiares.
16,061,811
10,154.866
12,202,036
11,176,009
10,704,233,
10.997.986
50 A,P.<tL,Wareliou8e &
Compress Co
50 F, W, & Comp. Co.... $110
20 Quitm'n Compress Co.
200 Eushford Feed Water
Heater Co
$2 50 pr.sh.
September..
27,717,301
34,:2(i,559
32,399,948
October
November..
December..
January ....
February
86,433,249
27,940,531
27,000,185
16,794,658, 15,823,823
February...
13.280,590
13,888,015
28,874,475
28,485,254
March
10,520,556
12,569,417
April
29,644,853
7,712,053
13,518,024
20,624,467
28,142,069
29,187,97^
April
May
May
7,450,389
10,674,826
Total
318,203,383 319,992,870
The movement
137,630,712 189.378,476
of breadstuffa to market
is
indicated in the
statement below, prepared by us from the figures of the New
STork Produce Exchange.
We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending June 20, 1891,
und since A.u«uat 1, for each of the last three years:
now.
SfcttvU at-
Wheat.
Corn.
Barl*y.
Oatt.
BMe.iewiu BuMh.eoib, ButhMlb, atu)i.82it» Buih.4H
'OUoaso
56,221
iMUwaakee...
26,370
75,731
Olereland.
11.028
288,578
122,55C
257,786
510,630
18,806
38,453
24,559
euiioals....
81,945
95.221
3.300
11,500
33,930
268,305
102,000
198,245
132,273
18S,0;»
1,348,081
1,8^8,688
903,037
608,«6S
3,580,280
Salnth
Minneapolis.
Toledo
1,609
Detroit..
2,011
.
Peoria
Tot.wk.
Bsme
Bame
"91.
wk.'90
wk.'89
^ince Aui.
1880-91
1888-90
188P-89...
The
^eek
1,170,115
1.085,077
19,3S0
67,000
51,853
7,318
18,653
10,600
U>
23,493
83.100
K*..
Bu. 56 !
19,030
15 66«
138,000
1,200
550
1,807,828
1,700,102
53.199
1.22,825
39,222
65,8)1
SO
1,738
2.750
1,306,293
1,422,319
57,099
20,353
6,588.815 1C4,472,922 60,964.095
10,436,228 109,800,179 168,001,343
8,r.03 118 83,062.551 110,338,897
85,891,403
28,298,797
26,731.144
4,814,115
24,727,028
4.583.585
6.011.099
receipts of flour and grain at the seaboard ports for the
ended June 30, 1891, follow:
Flour,
Wheat,
Corn,
Oatt,
Barley,
At—
Boaton
Montreal
Philadelphia..
Bttltimore.. ..
Blohmond
....
HewOrleans..
bhls.
buth.
73,192
25,960
12,154
35,367
57,966
5,225
12,155
368,500
40,769
lh7,610
108,235
134.077
6,350
45,253
Total week.. 222,019
week '90. 230,4.2
•Cor.
bunh,
bush,
213,310
177,100
86,464
30,550
e0,932
busK.
253.900
66.320
31,655
103,179
18.500
l-2,5o4
1,948
21,097
32,900
870.799 602.097 503.402
242,724 1,916,326 2,140,041
bush.
600
11,363
11
23,009
963
16.576
The exports from the several seaboard ports for the week
ending June 20, 1891, are shown in the annexed statement:
Exports
from—
\
HewTork
Boston...
Pdrtland.
Montreal.
"*«<»».
1,116,228
23,834
Baltlm're
254,333
39,000
241,427
ori'M.
226,-593
PWladel.
Com.
Bush.
275,504
89,312
6,857
'2,952
2,563
7,057
23,119
38,256
4,954
"2;i69
6,109
125,173
112,909
479,830
323,878
175,174
6-13,770
96S.877
266,718
Shares.
1 N. Y. Law Institute.'
9 Fourtli N.it. Bank
500
Olilo Central
RR. Co
130
172
125
Bonds.
S7,000 N. Carolina 68, 1919. .126
&
Shares.
40 People's Trust Co
208%
375 Fulton Municipal Gas Co.
115%-116i4
10 Real Estate Ex. & Auct.
of Brooklyn
Room,
limited
107
1 00 The In vestm't Co. of N. J. 1 1
7 N. Y. Concert Co
14
20 Empire Mills Co
136
30
Title
Co..
170
Guar.
&
Trust
33 Soutli Bklyn8awMillCo.l26
9 Leather Manuf. Nat. B'k.220
50 N. Y. & N. J. Telepli. Co. 93
16 Homo Insurance Co
145
4,012 Bklyn City RK.Co. (ex15 Lawyers' Title Ins. Co...
dividend)
156
152-155
161%
330 Standard OU Trust
20Bklyn&N.y. Perry Co. .184
»00Nat.C'yBk.ofBkln.430»s-431
71 N. J. Lighterage Co
$15
110 WmsburnGasL. Co
110
23 Continental Conduit Co. $50
85 Citizens' Elec. L. Co. of
U. 8. Land Warrant for 160
126is-126
Brooklvn
$130
acres
932 Municipal Elec.Light Co.
\Bonds.
13014
of Brooklyn
$675,000 Nebraska & West'n
750 Lewis & Fowler Mfg. Co.
10
Railway Co. Ist 58
143-150is
of Brooklyn
Flour.
Oatt.
Byt.
Bbls.
Bush.
Bush.
Franklin Trust Company of Brooklyn and the Farm & Trust Company of this city, offer for subscription
at par $400,000 of the preferred capital stock of " Journeay
Bumham," incorporated to succeed the old and most favorably known dry -goods firm of Journeay & Burnbam of Brooklyn, which has been in existence since 1844. The capital stock
each, o£
is $1,000,000, divided into 10,000 shares of $100
which 5,000 shares are preferred stock entitled to a cumulative preferential dividend of 8 per cent per annum before any dividend shall be paid upon the common stock.
Surplus profits over and above this dividend and 13 per
cent on the common stock to be divided equally between the preferred and common stock. This highly prosperous firm having been organized into a stock company,
all
the common stock, as well as $100,000 of the
preferred stock, will be taken by the surviving mem-
—The
8.888
1.
Hew York
1,447
"2,954
302
2,907
84,446
61,800
243,645
87,362.677
74,884.047
""'731
The following were sold by Messrs. Adrian H. Muller
Son:
Shares.
Total
32,552
Anction Sales.— The following were recently sold at auction
by Messrs. R. V. Harnett & Co.
17,173,523
12,678.H4
31,841,284
832
26,977
39,000
41,820
44,425
137,895
167,190
164 075
5,450
63,881
82,962
23,'88. 21,602,533 12,539,754 5,653,574
AuKDSt
28,833,707
1,391
164.9.55
8,600
July
38,069,531
.9.988
12,500
4.014
253,173
294,593
31,544,187
89,739,666
bush.
June 20,'91. 14,657,217 4,318,293 4,028,192
June 13, '91. 15,501,543 4,955,677 4,262,500
28,394,127
26,508,032
March
1,000
20,000
33,402
81,787
82,665
502,992
58,500
128,325
73,272
17,012
66,583
9,934
6,800
188.563
120.437
195,776
240,260
4,627,889
673
25,000
99,380
857,273 1,051,354
1,630,000
705,500
89,080,988
September
October
Barley
44.893
732,154
231,700
On Lake-s
On canal* river.
Tot.
Bye,
bufh.
17,369
'
27,811,440
November
December
Oats,
bush.
lotJune 21, '90. 21,088,719 15,621,330 5,001,147
Tot. June 22.'89. 16.448.338 9,831,399 5,574,9 71
At New York.
Total Merc?ian<H»e.
bush.
46,639 773,926
8.600
37,400
21.500
14,000
298.621
89.745
1,076,797 1,098 978
li;553
3,753
6,209
6,989
25,062
19,3-3
35,874
19,499
10,000
252,327 153,567
afloat
Philadelphia
Paorla
Indianapolis
Kansas City
Baltimore
Minneapolis
OnMlBsisslppl...
Tot.
Tot,
CUSTOMS RECEIPTS.
Month.
Do
44,830,282
81,255,059
.
.
Louis.
32,783,662
Jannarr....
December.
119,210
2,453,910
63,451
77.392
35,000
60,082
Detroit
diM.
(Hae.
1,122,461
1,760,382
OhloaKO
Milwaukee
Daluth
General
General
Jferchan-
Dr»
BaSalo
1889-90.
1890-91.
Com,
Wheat,
bush.
In store at—
Hew York
Do adoat.
Peas.
47,932
20.452
4,517
Bush.
4,445
77,718
2«,8.55
2^0
42,164
73,163
27.569
3.571
ers'
Loan
&
the company.
directors of
of the firm and ths
The former members become officers of the new corporation as
Ijers
follows: Mr. Bumham, President; Mr. Boyd, Vice-President,
and Mr! Conklin, Manager. Mr. Journeay died several months
ago. Mr. Lyman S. Burnbam is one of the best known men
in Brooklyn! Messrs. Hugh Boyd and John M. Conklin came
later into the firm, but are now the most active in its management. The subscription books will close on Tuesday, June
30, at 3 P. M., and if exceeding the amount offered, preference
will be given to the regular customers of the house. The announcement, to be found in another column of this iisue,
gives ample information as to details. The Franklin Trust
Company, 186 Remsen Street. Brooklyn, has charge of the
negotiations, and will receive subscriptions from all parties in
Brooklyn, where the high reputation of the old firm is likely
to call forth active subscriptions.
— The
best that
New York
affords in the
way
of hotel
accommodations is to be found at the Fifth Avenue Hotel,
which at this season presents strong claims as a summer stopBlolmi'd
ping place in its cool marble halls and spacious apartments
Jot. week, 1,901,415
515,890 127,530
4,767
46,629 overlooking Madison Square. Among its present or recent
6'me time
guests we notice the names of Mr. J. Pierpont Morgan. Mr,
1880...
111.504 1,695,816 141,534 597,285
44,328'
43.182 W.
H. Burns, of J, S. Morgan & Co., London; Thomas C.
—^Attention is called to the fifty-year i>er cent gold bonds Piatt, C. M. McGhee, H. W. Oliver of Pittsburg, A. T.
of tfce Cambria & Clearfield RR. offered in our advertising Goshon, and many other well-known business men.
columns by Messrs. Dick Bros. & Co. Under "Investment
New York Security & Trust Co. will pay coupons due
News" will be found a reference to Cambria & Clearfield, and
July 1st on a large number of securities advertised in anon another page an abstract of the mortgage.
other column.
er.
W.Sews..
193
1,151
20
.5
—
JCNB
im
THE CHRONICXE.
26. 1861.J
DIVIDKNDH.
Which has boon apprfiprlHted as follown
Dlvldrnds No*. 47 and *h at Hrvrn Mr o«nt per annum
9130,000 00
Vote of Hhnreholdepi tu retlrlDC VreaidDnt, 17th June,
. . .
JTonw of Comjjony.
Ptr
Wkm
Cint.
PnyoMe.
IlMlIraada.
Cnnndn Foiithcm
Dei. Lack.
Dulxiiiiie
m
l\
&
tSi
West. >quar.)
eloux City
July
Aug.
July
a"*
3«9
3
AUR.
4
ijnly
[July
July 1
to
July
1
Juno 27
1 July
15 July
6
7
1
jjuly
to
5
8
6
4
to
to
to
to
1 June 25 to
1 June 28 to
1
to
3I9
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
3
3
iJuly
iJuly
3
a
July
July
July
July
July
July
July
July
July
July
July
July
July
to
to
to
to
to
lJnne23 to
to
to
1 Juno 2G to
to
to
1
to
1
to
1
to
to
I
to
1 June 25 to
1
to
1 June 20 to
to
1 June 26 to
1 June 26 to
to
to
II
3
5
July
July
to
to
2
]\^^y
1,
Rankii
Bank
of N. Y.. N. B.
A
Bedford (Brooklju)
Bowery
Brooklyn Bank (Brooklyn....
Ceutriil N»tlunnl
3Hi
5
Chase National
4
3
Cbiitliiun National (quar.)
Continental
East River National
Klevcnth Wanl
,
4
4
40 {
Flftli
Avenue
Flf til
Avenue Brooklyn)
"
"
extra
Z"*
3J«
(
Fonrth National
'.
IrvhiK National
4
Leather Mitiiufacturere*
Market & Fulton National
Mereantllo National
Meehanles' & Traders'
Mereliants' ExehanRC National
3
5
4
4
3
National
Mount Morris
National Itank of neiiosit
National Bank of Nortli .Vinerloa
National Hank of Republic
Mereliaiitrt*
Nat ioual Broad way
National Buiehers'
National Citizens'
National Park
&
f
Drovers*..
1
8
4
3>9
5
Nineteeutli Ward
Oriental Bank
3
S
Fbenix National
3
Bcalioard National
Beventli National
3
3
3
Boutheru Nation tl
United States National (quar)
—
6 July
1]
1
1
Auk.
July
AuR.
July
to
to
to
to
to
to
to
to
2
Hd
July
June
niarrllaneous.
International Bell Telephone Co.
do
do
Proetor A Gamble Co.
Wells, Farpo & Co
(extra)
2
2
n
2
IS
July
5
July
7
June »()
June 30
July 5
——
June 30
June 21
July
1
Juno 30
June 30
June 30
June 30
July
1
OFFICE,
-
1
Juno 30
Juno 30
nor need
2
1
Juno 30
June 30
July
1
Juno 30
July
July
1
1
June 30
to July 2
2 to July 15
1 to July 15
June 22
15 July
15 July
COM^IEBCE'
....
TORONTO, OST.
•
West and Parliament Street.
It gives the Directors pleasure again to express their sntisfactioit
r<!garding the ttdeiitv and elHclcney with which the OBlcera of the
Bunk have performed their respective duties.
GEO. A. COX, PretUent.
Junc3U
July
July
BtlSINESS, 1867,
-
-
It will be obwTTed that (be net earning* for thn year, tonethar '
the bala nee carried forwani from iaxl yiur. anion at to i|l.^&2,4Mr
of whieh. after making the usual full |iro\ IkIiiu for all bad and <'
debt* and assets, we have paid the cunUnnury dividend ot7|
and the amount voted to the rrtlrlnx Prmtdaut by tlm Sharebok.
the taut Annual Meeting, and have vaosterred to R4-st Acoonnt
(KK), carrying furwardat credit of Profit and Imk* Aiionni 02'J,4I
It Is hoped ilist these results will Im' satisfaetory to tin- Hharebolden.
Your l>lrectors linve pleasure in slating that they liitvu sufleeeded I
converting the jx-rpi-tual leaaa of the gr"uu<l o<m iipled by tbe f"
Olllee premises Into a rent oharco limited to a term »C yet
The ground w.,s acquired by tbe Bank under a lease renewable I
valimtlon every twenly^jne years, and under the new arrangement,!
payment of an increased annua) sum of laoderate amount, tlie Ba^
will iM'conie the absolute owner of the proiwrty at the expiration of I
first term of our original leasa-, that is lu a UltU) niors thau alzti
years from this date.
The usual thorough re-valnatlon of the cutlre assetaof the Bank, (
the fullest provision for every item alM>iii which there is an element «f
doulit. have been made
All the branches, agenelea and department*
of the Bank have lieen ln«p<>ct«d during the year. A Branch of the Bank has been o|H<ned during the vear at Walkervllle, Ontario.! lu Toronto. Branches have beou opened in Queea Street
The report having been read, the President said :—
The statement of assets and Itabllltles submitted shows yon clearly
and concisely the i>ositlon of your pro|ierty as at thn 3()f h ultimo, ana
the nrotlt and loss account the result of tho O'ieration.t for the rear
ending on that date. It la not necessary, therefore, that I should detain you with any lengthened remarks. In asking for your approval
and adoption of the report, I need not tell you that the year under re-
June 30
1'=
THE CANADIAN BAKK OF
HEAD
0553,409])
:«)
I
to
to
to
fEE
July
IKCOEFQBITED AKO OFBMED FOB
22,404 54
:i()
to
1
(July
pf. (quar.)
lOftOOOM
Transferred to Reat Aecoant
Balance oarrtod forward
Vlre IiiHurance.
Hamilton
Niagara
10,00000
1800
^
1
2>a
lli
Aiiir.
t<>
(o
July
July
July
(qtiar.)
(qunr.).
Rutland
1
20 July 1
Juno 30 Juno 20
fl
•a
arniilte
Luke Hlinre & Mlelilgnu Houtlicrn
Little t<<lniTl Nav. RK.&CoalCo
JUclilKHii ( entral
N. Y. Cent. A II ndsoii River (qnar.)
Norwleh A Woreeater
PItto. I't. Wuj ue A Ch'no
Pitts. Ft. W. & C. Bi^cljil
Roek iHlauU & Peoria
Ane.
July
Bookt Olotfil.
(Day* intlutite.)
Capital Pald-np, Six Million DoUars, f6,000,000.
900,000.
Rest,
DIHECT0K8
George A. Cox. President; John I. Davidson, Vice-President James
Crathern, Wra. B. Hamilton. George Taylor, Matthew Lcggat, John
Hoskiu, y. C, LL. D., Robert Kilgour.
;
view, like other years, supplied Its full quota of business reverse*;
I add that this Bank, like other Institutions, had to bear Ita
glad, however, to 1)0 alilo to a**anroii
tolr share of these losses. I
that the protits arising from the business of the year have been so satisfactory as to enable your Directors, after fully and effeetimliy proTiding for these losses, and paying the usual dividend, to still further
am
strengthen by iJlOO.OOO the protecting wail that they are slowly, but
aeeurely, building np around your capital.
If I should venture to otfer any predictions as to the probable reralts
of tho year upon which we are just entering. I should no doubt see In
the adverse legislation of our American neighbors, the someweat dieappointing outlook for the coming harvest, hmg credita, or some other
cause, sutBclent to warrant me lu Joining with many others to roiae
the signal of camion. I do not wish to under estimate tho value of
such advice as will lead at all times to tho utmost nrceaiitlon in glvinc
or accepting cre<iit, and to the utmost care and economy In every
department of business but there is another side to the plot4ire, and I
do not think It will do us any harm to look for a few^ miuutei at that
;
tide.
It we
go back for the brief period of fifteen years in tbe history of
our country, and look at the flnaucial articles and tho reports of financial institutions of tbat date, we would sec tho same admonitions of
caution and the same evidence of .ilarm and anxiety that wc see today, and tbat makes the following comparative figures fur that dat«
and tho present Interesting at this time.
There has been an increase in tho value of property covered by
Fire Insurance In the 15 years from Si364,(XX»,000 to 6707,000,000.
In the same time the deiwsits of our people In Chartered and
Savings Banks, Loan Companies, and Government Savings Banks,
have grown from less than $85,0O0.<>OO to over $200,000,000. The
amount of premiums received by the Life Insurance Companies doing
business in Canada lu 1875 was $2. 800,000; last year It was $8,100,000. TUe total amount received for premiums from 187.'> to 1890 was
$6!t,000,000, and the amount of the policies In force Increased during
tbat period from if8.=),000,00o to *218.000.000. Our railroads have
more than doubled In mileage, tratllc and caiiltal In the same time. The
population of this city has grown in 15 years from 70,000 to 200.000,
and the assessment from less than $50,000,000 to nearly * 150,000,000.
These are unmistakable evidences of prosperity whieh any one cai»
understand, and there can ho no reasonable doubt that In the next 15
years we shall experience a much greater inercaso. The study of these
figures should give us increased eontideiiee In the n>souree8 of our
countrv, and enable us to take a more hoix-fiil view of the future thej
will not, I trust, make us less cautious In dealing with tbe Immediate
present, nor less on the alert for the dangers ever present In the innumerable business ventures represented by the loans of a bank.
I have now to move, seconded by Mr. Davidson the Vlee-Presldent,
that the report of the Directors as read be ailoi>t«<i anil printed for the
:
B. K.
WALKER,
General Manaxer.
H. PLUMMER,
A. H. IRELAND,
O. DBC. O'GRADY,
Asst. General Mauaeer.
Inspector.
Asst, Inspector.
J.
AOENCT
NEW YORK
:
-
Alexander
IS IJIE USITED BTATEB:
THE CANADIAN BANK OF COMMERCE,
I,aied
ako William Okat,
Aciirrg.
BACKERS AND COBRESPOKDENT8
GREAT BRITAIN,
The Bank of Scotland.
INDIA, CHINA and JAPAN,
The Chartered Bank of India, Australia and China.
:
'
AUSTRALIA and NEW ZEALAND,
The Union Bank of Australia (Ltd).
PARIS. FRANCE,
Messrs. Lazard Frere'S & Clc.
Messrs. J. Matthleu ,t Fils.
BRU88EL.S, BELGIUM,
NEW YORK, The American- Exchange National Bank of New York.
BAN FRANCISCO.
The Bank of Hrltish Columbia.
CHICAGO,
The American Exchange National Bank of Chieajfo.
BRITISH COLU.MBIA,
The Bank of British Colunilila.
HAMILTON, BER.MUDA,
.
The Bank of Bermuda.
.
KINGSTON, JAMAICA,
The Bank of Nova Scotia
KEPORT OF THE PROCEEDINGS OF THE ANNUAL MEET.
INQ OF SHARBHOLDERS TUESDAY,
lOTU JUNE,
1891.
The Directors bCR to present to the Shareholders the twenty-fourth
Annual Report, ooverlnK the year eudtnK 3(>th May, 1391, together
Statement of Assets and Liabilities.
The Balance at credit of Profit and Loss Account, brought
-with the usual
forward from last vear Is
$37,974 68
Net Profits for the year ending 30th May, after providing for all bad and doubtful debts, amounted to
514,431 86
The
iU
»552,406 54
Inforni.Ttion of the shareholders. Before putting the resolution, I wfll
ask the General Manager to address you, after which he will, I am •nre,
be very pleased to answer any questions that you
may
desire to a*k
Mb. B. E. Walkeb, the General Manager, then simke as follow*
GENERAL -MANAGER'S ADDRESS.
have again prcsent»>d to you a rcTiort exhibiting »
steady prosperity, and allhouiih the profits n^snlting from the years
moderau-,
they will, we have no doubt, be satisfactory to
business are
the shareholders. We have pleasure In again drawing attention to the
Increase in our dei>oslts, which have now rea<-hed the hnmlsome figure
of fifteen millions. A part of the increase is doubtless temi>orary, but
the gain in deiiosits of a pernianei t character during the last five years
This has l>een aoeomIs in the neighborhood of five million dollars.
pllshed without tile ofler at any time of higher rates than those pata
by other lianks In the first gra<le of credit. That tbe average eprt ft
Interest-bearing deposits In Canada Is at present too high, ownu> tothe excessive eompetltiop.is unfortunately true,aod we ean but hope fhat
licfore long there will he some Improvement. Money U cheaper to tbe
borrower here than elsewhere In the Hntish Empire, exoept Great
Britain, and eheai)er than in the fnitc<l SUtea. except in the Iar|»
cities where uninvested capital accumulates. Our profits are ther^
During the past year af least two UnttM
fort- eiirtalled at tioth ends.
Htates Journals have commented on the practice among Canadwm
banks of imylng interest on ileiM.stts, the Impression apporently being
that ordinary deposlis ot business firms ore sometliues obtained In
this manni-r. I need not say that no bank lu g»>od cnillf will par InTlie Directors
terest on the fiuetuating <lei>osits of a nierehant. Our lnterest-l>earlng
deposits ceuie from deposit receipts and our savings bank departments, and represent capital from petty savings upwards. Invested
with us either directly for the Income afforded by the Interest or la
order to earn some Icterest until by mortgages or otherwl.se a larger
Income can lie obtained. Sound l>snklng. as we understand it and s« It
is uiidersKMKi in Great Britain, is Inseparalile from the aceumulatloa,
as far as pos8ll>le, of every dollar of the savings and ca|>ital of the communlty not otherwise invested. Individual banks In greot ettte* «i«T
obtain all tho deposit! they dei-ire without paylug Interest to anj ax-
THE CHRONICLE.
964
tent. We would astonish the shareholders with our proflts If we could
do the same, but we are, In the main, country bankers, and It Is a lar^e
part of our business to enable the depositor livlnK near any of our
country branches to put the money he may get for the farm products
he has sold, or for his labor. Into a bank for savings, so that he may
Mm Interest, and his capital may be utilized.
command a market either in the United States or In Great Britain,
there Is no doubt but tn reaching the high standard there may De years
of disappointment and loss.
will
;
THE LUMBER TRADE.
The trade
In square timber, in which, as I said a year ago, we have
is not yet in a healthy condition.
There is still In
sight more timber thiu the total product of any year since 1881,
although the amount made in the past year is only about one-flf th of
that for 1889-1890. It is therefore to be hoped that next winter the
quantity manufactured will be as nearly nothing as may be possible.
The work in the woods has been done under favorable circumstances
and the output is correspondingly cheaper than in recent years part
of the reduction In cost, however, is unfortunately the result of lower
wages. Since the maximum out of sawlogs in the Ottawa district, in
1887-88, the stock on hand has been steadily falliuB, we are glad to
notice, and is now lower than in any but two of the last ten years.
The demand in the United States is satisfactory, at prices higher than
little
THE FINANCIAL SITUATION.
Ton all know that durinft the past year we have witnessed events
more momentous than any in the history of banking heretofore. It is
not mv purpose to dwell upon the errors culminating in the fall of a
banking house which in the early part of this century was classed by
a witty statesman along with the five leading nations as the sixth
greatpowertn the world. The wealth of the world and the power to
do business have been so enormously increased by steam, electricity
and credit, that the operations of nations run as easily now into hundreds of millions as they did a century ago Into tens. The failure of
Baring Brothers was the result of unduly straining one of these great
forces, and we have more occasion to consider this lesson than to regret that their error brought its natural punishment. After all. they
ae bankers.and the Argentine as manufacturers of securities, were only
the chief among many sinners. Other bankers, and other coimtries
than the South American republics, have been transgressing. The
Inter-dependence of the various countries of the world is now so great
that we in Canada have heard with grave doubts as to the effect upon
ourselves of Russia's attempts to create a gold stock, and the consequent struggle for gold among the leading nations, not yet ended;
of the financial collapse of Portugal; of municipal extravagance at
Bome; of the dangers so eagerly courted by the sliver advocates In the
United States, and many otner foreign matters which are a menace to
OUT financial ease.
Whether we contribute to the strain on the money markets of the
world or not. we may be made to suffer by what others do but I quite
apree with the General Manaeer of the Bank of Montreal that we nave
already done, and are still doing, our little part towards that overloading of the Loudon market which may yet bring about consequences
worse than anything we have ever im.ngined. During the past year we
have advised more than one municipality to curtail its issues, and to
bear In mind that ample assets and ability to pay are not the orilv measures of credit— we must also have the desire and ability of the Investing world to purchase securities. Common sense points to the wisdom
of avoiding all extensive public Improvements for a year or two
and
in the matter of frontage unprovements, which are so largely adding to
the already heavy debts of some of our cities, we should follow
the practice of many rapidly-growing cities in the Western States, and
levy the cost of such improvements in two or three assessments, the
warrants or debentures for which would be readily carried at home.
;
;
THE BANK'S FOEEIGN BUSINESS.
Our shareholders, however, are mainly Interested in the bearing of
the financial situation tipou our foreign business, and I am glad to say
that, so far, we have at least not suffered from it. Our business at New
York, now second in importance to that of no Canadian bank having
an agency there, has been conducted without loss, direct or Indirect,
arising fiom the panic, although we are not vain enough to suppose
that, should matters assume a more serious aspect, we can hope to
continue with such a record.
Our high position among bill-drawers
and Issuers of commercial credits, has brought us most welcome
accessions of business, and the volume of our transactions is now
in many diiectlons only limited by our very great caution in extending Unes of credit. Never in the history of our foreign business
has greater care been necessary. Having no branch In London.
England, our bills are drawn upon an Independent bank a bank, as it
happens, not only in the first rank, but established at the same time
as the Bank of England. In our commercial credit business we have
been careful to have as correspondents only hanks whose contracts are
regarded as absolutely undoubted In the particular countries where
drafts under our credits are drawn.
When it is considered that in
addition to our own high credit, we thus offer the second name of
banks of euch standing, it is perhaps not surprising that our New York
agents were able, in the excitemen t of a panic, inteusifled by the timidity of the London discount market, not only to conduct our ordinary
affairs without interruption or friction, but to secure valuable business
which had hitherto gone in other channels.
[Vol. LII.
or no interest,
;
a year ago, but the South American market is still wanting. As we
have said in past years, a diminished production is all that is necessary
lumber business a quite
to give the
satisfactory tone, and at the
fair proflts in prospect. The
moment the Ottawa manufacturers have
output In the North .Shore District is also smaller, but the general conditions of the business are not as favorable as could be desired.
The
home market, on which they largely depend, Is very limited, owlnft to
the collapse In real estate speculation and the general shrinkage In
business.
In concluding my remarks, permit me to say that during the coming
year, while there can be no certainty as to crops or trade, there is no
reasonable doubt as to your wisest course. The harvest prospects in the
Northwest are good, I understand, but the want of rain has done so
much damage in Ontario and Quebec that we have at least no excuse
for anything but caution. Clearly we should Import as lightly as possible, manufacture well within the limits of previous years, cut down
expenses, and extend credit with regard only to the buyer's ability to
pay under adverse conditions of business. If we do this we will doubtless be able to endure the result a year from now whatever it may be.
The motion for the adoption of the report was then put and canned.
THE CANADIAN BANK OF COMMEBCE.
QENERAL STATEMENT MAT
30, 1891.
LiabUities.
Notes of the Bank in circulation
Deposits not bearing interest
¥2,351,451 16
Depo.«its bearing Interest, including interest accrued to date
12,319,977 96
15,171,429 12
4,177 70
12,582 09
514,685 22
Balances due toother banks in Canada
Balances due to Forelan Correspondents
Balances due to Agents in Great Britain
Unclaimed Dividends
Dividend No. 48, payable June 1
331 94
210,00000
Capital paid up
$6,000,000 00
Best
900,00000
Balance of Profit and Loss Account carried forward
22,406 54
and
CROPS.
Turning to Canada, and especially Ontario, If we were to repeat the
opinion of farmers and business men, wo would have to report another
unsatisfactory harvest, and another year of trade in which the pruflts
were quite too small and the bad debts excessive. There is unfortunately no doubt that the bad debts arising from the failure of shopkeepers and wholesale merchants have been excessive, but do we not
commit a grave error in repeatedly deploring the condiiion of trade and
farming, and in waiting for years of pleutv, and the retuni of old fa.'ihloned proflts 1 While we wait do we apply the remedies of ecouomy iu
expenditure and rigid scrutiny in gi-antlng credits 1 la it not better to
conclude that the present is the normal condition of things, that the
harvests are not likely to Improve on the average, and the proflts not
likely to be larger J It we faced this condition to-day we would simplv
live within the conditions and so prosper. I do not address this
advice
to those prudent people who always live within safe limits, or to the
many who are making quite as large proflts as they could wish. 1 offer
the advice to those who argue thatthepoorharvests.ind lean proflts
are
reasons which alone Justify shrinkage in their balance sheets. We can
all prosper even though the hai vests are no better than those
of the last
three or four years, if mercantile business is not so persistently
overdone
Jong credit and credit without adequate security so persistently given
and expenses maintained on a level no longer Tarrauted by the
Uon of things. I am sure that If the superfluous shopkeepers and condi!
shoiikecpers assistants could be turned into farmers, there would be uoihiiiK
whatever the matter with Ontario, providing, of course, thov became
industrious and intelligent farmers. Every year the pressure of
competition is greater, more people wish to obtain a share of the
proflts of
ine community in some other manner than by wages, and conseauentlv
success IS more dlflloult. But under the severest conditions those
ceed who exercise the most Intelligence, Industry, economy and sue
command of capital, and with these qualiflcations as much
can be done bv
farmers and tmsluess men here as anywhere
During the past year the Ontario farmers paid their
implement
notes and interest and mortgage instalments quite as
promptly as in
former years; in many distiicts.n uch ..better than for several
seasons.
They bought less at the stores, and there are mauy indications
that
the) and it necessary to economize, and are economizing;
but
rears of econom.y throughout the province, in town and coimtry, a few
would
'" "? *?'?*''* <""»
riie output of cheese was the
wJii?!'„*'n,'''^"<*l
*•"" '^<">* industry, the export for the year
i^jH^il?,'?^?''''*?''/?'
being 1(18,150,000 pounds, valued at $9,700,000, a
^Sn^^^^^**?'t'''^,'i
"" ^^^ fe^ious year. The export
Irom th? nn f^li^aJ ? ""J""" '^"Ib"
t*","* •"'"o^ 'eloff «o a greater exJent
E^"'"'*®,'"*,''*^"""?
Canada. We have already suffered from want
nf^^il ?/'"","""''' ^P
hardly possible for us to maintain
?iT,^i.? fl'"""''"A".'^'''«""'"^'''"*'
*'''*' *'"'^''.°1
The trade in both distillery and grass-fed
oafTi? 1, a
''«'^° very satisfactory, and winter-fed cattle arc now being
Shii.? 5*f
Re«'"'lm>.' eggs, whether we eventually,
Is f?hfnw5"iiM'*°'i"i?-";
^"''
a satisfactory market in England or not
flow* f.Vf^oT"
'^**''i'''*''
suffered
by the McKiniey Billbut the consu^r nf »^o.<.T ?!;* 5«8
Eastern States. Our trade in low-nriced horses
h^sntr/ref^i nt^H^f *}"' probable eariy conversion
of
cars to
elPctriMfli^l,V*"'"'
^*''^: "!" '""le'-s must lu any event endeavor to raise
hith H»Z ?
a""""'" Iiercafter. For these the demaud is as great as
?i?r 'SA?
to wheat and barley the
oo^k<ri^''°'i?:Stt°™''
couraging. That wecan giowbariey fine enough record is no? s5 enand of such varieties as
tethf
$18,438,27107
6,922,406 54
$25,360,677 61
;
TBA.de
$2,525,065 00
ASSETS.
Specie
$413,305 38
718.305 65
Dominion Notes
„
Notes of and Cheques on other B,inks
Balances due by other Banks in Canada
Balances due by Agents of the Bank in United States.
British and Canadian Goveruinont Securities, Municipal and other Stocks and Bunds
Call and Short Loans on Stocks and Bonds
$1,131,611
703,768
128,742
834,478
03
53
91
54
1,371,157 04
l ,294,962 48
$5,464,720 58
1,336,487 30
17,r08,511 77
Time Loans on Stocks and Bonds
Other current Loans and Discounts
Bills Discounted Overdue, not specially secured,
fuUv provided for)
Overdue Debts, secuied
Real Estate (other than Bank premises).,
Moitgagos
Bank Premises and Furniture
(loss
59,395
54,851
12,661
221,961
641,843
60,345
Other Assets
68
00
12
63
52
23
$25,360,677 81
THE MERCANTILE NATIONAL BANK
OF TUB CITY OF NEW YORK,
WILLIAM
No. Ifll BroadwRy.
$1,000,000 surplus & Profit*, $950,000
ST. JOHN. President.
FRBDERICK B. SOHKNCK. Caihler.
-
Capital,
I
P.
I
JAMBS V. LOTT, Assistant Cashier.
ACCOU.NT8 SOLICITED.
THIRD NATIONAL BANK
OF THE CITY OF XEW 1 ORK.
Capital,
-
-
WOODWARD
-
-
-
.
$1,000,000
President HENRY BUCKHOUT.. Vice-PreBldent
HE.NRY CHAPIN, JR
Cashier J.FRED'K SWEASY
Asst.Caslller.
Accounts BOlicUed and careful attentUn to the interests of Depositors
pua ran teed.
J. B.
I
I
Spencer
Trask
&
Co.,
BANKERS,
and IS Broad Street, IVoiv Vork lUit.
ALBANY N. Y.
SARATOGA. N. Y:
PROVIDENCE, R.
TBAIV8AC'r A OEiVEIKAl. BA.VKI.VK BCI^ti V KNN.
Ham. 10
1..
All classeB of Securities Bought and Sold on Commission, l^peeial attention
given to investment Securities. Direct wire to each office and Ui Philadelphia
Boston and Chicaifo.
PiT
Wse
SPECIAI. WOTICES.
t^^CITY BONDS
ments adapted
AND OTHER FIUST-CLASS INVEST-
and careful luvestiuenta
•f individuals are made a prominent specialty in the business of
Mefsrs. Blake Br»s. & Co., Bankers, of New York and Boiton. 8ee
card In the columns ol the Chromiclk.
for savings' banks, trust funds,
June
THE CHltONlCLB
37. 1891.]
rhe
The uloeing
(Saicttc.
'Baixkcrs'
9A{)
prices at tlia N. Y. ,Bo«rd
tntentl June
WAL,I, HTRKBT, rRIDAV, JITNI il«, IHHI-S P. IN.
The Honor Market and Financial HItaation.—The
money market in very easy both here and in London, and the
leas confidence there is about time loans the easier grow the
ratee for call
Our exports
money.
of gold have again been large,
and
the
chief depressing influence of the week, in spite of the cabled
reports that Marietta
Co. have been helped over their
troubles by substantial assistance.
The statements of the Vanderbilt roads and their dividends
this
ia
&
declared have failed to stimulate the Sux;k Exchange marwhich close very dull; but it ia worthy of notice that
the two stocks which have been remarkably weak since our
ii««, 1891.
i>««, 1891.
4«, I907...
,
.
Jun*
Junf
sa.
33.
94.
M.
M.
...«!«. a.-Mob. •100
I'lOO
100
•lOO
•too
.oonp. >q.-Mob. •too
'U.O
•100
'lOO
'lOO
.'lOO
i'lOO
...rcg.
Q.-Jao
were not railroad
stocks, but the
North American
and the Richmond Terminal, which are outside companies
whose status is not so easily determined— though in one respect they differ materially, the Terminal having issued regular reports with balance sheet but the North American never
having shown up its income or assets.
Further remarks upon the monetary situation as affecting
our markets are given under stocks below.
The open market rates for call loans during the week on
tock and bond collaterals have ranged from 1 to 8 p. c. the
average being 2>^ p. c. To-day rates on call were 2 to 3 p. c.
Prime commercial paper is quoted at 5}^@6J^ p. c.
The Bank of England weekly statement on Thursday showed
an increase in specie of £354,000, and the percentage of reserve
to liabilities was 45-72. against 46"07 last week; the discount
rate remains unchanged at 3 per cent. The Bank of France
•hows an increase of 4,975,000 franca in gold and of 750,000
,
francs in silver.
The New York Clearing House banks in their statement of
June 20 showed an increase in the reserve held of $8,520,700,
and a surplus over the required reserve of $16,172,225, against
$10,484,825 the previous weetc.
1891.
Jwu 20.
Oaptui
Differen'tfrom
Prev. week.
(
60,772, 700i
64.366,700
Borplus
Loans and
21.
60.812.700
....
....
disc'ts 386.189, 700 Inc.
1890.
June
60,.520..'>00
1889.
22.
June
60,762.700
55,093.500
,153,100 395,S18.50t) 416.8'-'9.0JI)
84.4001
3,771,200
3.988,700
Circulation
Ret deposits
Specie
Legal tenders
.j,570, 100 Inc.
394,824.,700 In. 11, 333.200 403,837,100 442.170.400
65,382, 200 Inc. 4, ,877.800 75,;J98,800 73,922.100
49,196,,200 Inc. 3, 642,900 31.705,400 45,841,0UU
Keserre held
Legal reserve
114,878, 400 Inc. 8.520,700 107,104,200 119,763,100
98,706, 175 Inc .2,833,300 100,959,275' 110.512.600
Bnrplgg regerve
16,172,225 Inc .5,687,4001
6,144.925:
9,22O,.5O0
—
Foreign Exchange. Rates for sterling bills have been
strong throughout the week while business has been dull.
Exports of cotton have naturally declinei, while the exports
of new crop wheat have not yet begun, and commercial bills
are scarce. Gold exports for the week amount to $5,3.50,000
of which $4,250,000 goes by to-morrow's steamers. Actual
rates are:
Bankers' sixty days sterling, 4 86J^(g4 86i^
mand, 4 88J^@4 88?^
;
cables, 4
89@4
;
de-
89^^.
Posted rates of leading bankers are as follows:
Jane
Sixty Dayt.
26.
/>emaiuf.
Prime bankers' sterling bills on London..
4 87
4 891s
Prime coTuiuerciaV
4 85>444 85»«
Docu meut ary commercial
4 84«(«4 85
Parle bankers (francs)
5 20 as 1938'5 171»»5 16'8
Amst^Tdam (Kuiklers) bankers
40183403, «
40%f4U1,fl
Frankfoi tor Bremen (relchmarkgjti'nkerg 95i«»95i4
95%395^s
I
I
The following were the rates of domestic ezcnange on New
York at the undermentioned cities to-day: Savannah, buying
par, selling ^ premium
New Orleans, commercial, 40c.
per $1,000 premium; bank, $1 00 per $1,000 premium; Charleston, buying par to 1-16, selling % premium; St. Louis, 90c. per
$1,000 premium; Chicago, 75 cents per $1,000 premium.
Coins. The following are the current quotations in gold for
;
—
•U7'«
Il7i«l
6s, oiir*cy,*96.....reg.
6fl. cur'r"v,'97. ...reg.
6s, ciir'oy.'98.....reg.
tt, 0ur'iiy,'99.....reg.
Thlt U tbe price
A
*
J. •111
J. •114
J. •1161*
J. •118
J.
J.
J. *
J. dk
bid at tha
•111
'111
-III
•114 ,'114 'iia
*iieifl^ii6)««ii6
*119
Jutu
•119
•110
•1I71»'I17«»
•109
•100
•111
•lU
•118 •iia
•lie •116
•IIB ni»
momliut bokrd : no taU wan mad*
QoTernment Parchoses of SIlTer.—The Government purmonth to date are shown in the fol-
cliaMS of silver in the
lowing:
Ountu
OunMt
offtrtd.
punlktutd.
3,677,884 «0-«700
Prevloiuly reported.
June 22
" 24
" 20
310,000 81-0090
383,000 •1-0098
6e&,000
708,000
:
•Local purotaaiei
•Total In
•
The
Pnetpttid.
month
,
124,644|
to date..
local purohaaea of
4,600.528) (O-VTOO
each week are not reported
till
» »10O3O
*
•
»
»
«
fl-037&
$1-0134
81-0273^
Monday ot
the following week.
State and Railroad Bonds.— The sales of State bond« have
included $17,000 of S. Car. 8:*, non-fundable, at i\i ^8Ji ;
$10,000 Tenn. settlement Ss at 69^ $7,000 N. Car. conaoL 48
;
atlOOglOOJi.
Railroad bonds have been less active even than in previous
weeks, and prices are fairly steady on the dull busioesB.
The bonds carrying July interest should now be looked at excoupon, and on this basis Atchison 4^ sell about 77^; Rio
Grande Western 4s 743^; Chea. & O.. R. & A. Div. 2d 4s,
6oJ^; Reading general 4s at 76J^; Louisville & Nashville '• unified " 4s at 77?4 asked; Tenn. Coal & Iron, Bir. Div. 63, at 98
asked. Other bonds among the low-priced issues are tlieM. K. & T. 1st 43 at 75)^; St. Louis & Southwestern 1st 49 at
661^; Scioto Valley & N. E. guar. 4s about 74; Peoria & Eastern
4s, interest guar., at 78J^; Iowa Central Ss at 82 >^; Northern
Pacific 6s at 79; Oregon Improvement 5s at 65<>^; Richmond &
Danville 5s at 81^; RichmondTerminal 5a at 62i^, and Lacled»
•
Gas
6s at 73^.
Kailroad and Misceiianeons Stocks.— The stock market
has been unspeakably dull. Prices have not fluctuated widely^
as a rule, but the changes have generally been towards lower-,
figures, and there have been breaks in one or two specialties,
notably in the North American Company to 12 on Monday,
closing at 12J^, and in the Richmond Terminal to-day
down to 13, closing at 13}^. The market was quite weak today owing to the large exporta of gold, and Louisville & Nashville, Jersey Central, National Cordage, St. Paul and ChicaKO
Gas were all hammered down more or leas.
In looking for the chief causes of the weakness and stagnation in our market, there hardly seems a doubt that
foreign
situation
the
and our
consequent
exports
gold
have
much to
with
of
do
it.
When
we consider the remarkable inter-dependence of the London
market and our own, and the great drain of our securities to
foreign markets which gc)e3 on as a regular annual current
when there is no financial disturbance to check it, we can
account in large measure for the present status. Last year
when Europe sent home our securities by the millions onr
market absorbed them with much capacity until the grand
development of the Barings' weakness. Now Europe is taking
large amounts of gold apparently because all bankers there
are trimming in and fortifying themselves, owing to the
wide-spread losses which arose from the Argentine embarrassments and the lack of confidence engendered thereconditions at home
by. But the
and abroad
are
more like those which follow a crisis than like
those which precede one.
Call money in London and
New York has been growing constantly easier instead of
scarcer, and rates are now near a minimum, while there ia
much aversion to time loan^ and distrust of new bonds, how•
9* 88 «$4 95 FinesilTer bars.. 1 OO^S 1 01>«
—93 3 — 94
Napoleons
3 »5 a 3 91) Fivefranos
X X Koicbmarks 4 74 » 4 78 Mexican iluUars.. — 79ig» — 79i«
Do uncommero'l — — a — 25 Pesetas
4 78 » 4 85
Span. Uoui)loon8 15 55 »15 75 [Peruvian sols..... — — 9 — —
Mex. Doubloons 15 50 915 70 Rn^lisli ^!llrer.... 4 84 • 4 88
Fine gold bars...
par aM preni.iU.u. iradedoUars —78
80
United States Bonds.— Government bonds are without
ever well sectved. If money continues much longer to come
from the West, it will show some reason quite apart from
the U3ual crop requirements for the heavy demand last year,
and this may go far toward.s confirming our suggestion frequently made that the Western demand for money aro.«e largely
from the indu-strial and speculative requirements in cities.
The unlisted stocks have been exceedingly dull. Silver
bullion certificates were active early in the week, reaching
1031^ on Mondav, but reacting quickly, and closing to-day
feature.
at fOli^.
various coins:
Sovereigns
-
»_
:
UOH •IIHi«>ll6%
117^
..oonp. U.-JaD. •118i« •11H1«^I1«'4«118
•109 '100 1*109
6«, onr'oy,'96. ...reg. 7, * J. •109
41,1907
kets,
last report
Junt Jun*
bMn M follow*
30.
ItrUHU
n>r€lMd*Hdt I** pagt 068.
'
Jure
THE CHUONICLE.
0if^
NEW YORK STOCK EXCHANGE— ^OriT^ STOCKS
[Vol. Lll,
JUNE
tor week ending
23, and since JAN. I, 1891.
HIGHEST AJTD LOWEST PRICES
STOCKS
Saturday,
June
RR,
StockM,
Atohison Top. & Santa Fe
Active
Atlantic
20.
32%
3238
23.
June
31 '8 32 '6
31=8
32
31I3
32'8
•413
5I3
79I4
4913
<&
Canadian
Canada Soutliem
Central of Kew Jersey
Central Pacific
Chesapeake
Do
& O., vot. tr. cert.
do
do
Do
5I2
"7913
*79>4
1st pref
2dpref
79'8
80
"49
49
49
49»s
1091s 1091^ IO913 110
•30>K Si's *30% 31 J4
*1634 17>s *16is 171a
*47>s 481s *47is 49
•28I3 30
•28
30
127 127
124 127
Chicago & Alton
87% asM 8738 88=8
Chicago Burlington & Quincy.
05 14
65
6o>4
65
Chicago & Eastern Illinois
92
93
£'''
921a 9210
Do
64
64% 63 13 64 12
Chicago Milwaukee* St. Paul.
112
Do
pref. lllJa 1121s 112
lOS^e lOS'g 10458 105%
Chicago & Northwestern
13t>
pref. "133
Do
1321s 134
71% 72's 71
7214
Chicago Rock Island & Pacific.
CSiicago St. Paul Minn. & Om. *23ia 241s •23I3 241s
*84
•84
80
86
pref.
Do
||60>s 62
60% 61%
Clevc. Cincin. Chic. & St. L.
.
Do
pref
26
Columbus HocWngVal. & Tol,
129ifl
Delaware & Hudson
Delaware Lackawanna &We6t 136
*i5%
Denver & Rio Grande
Do
East Tennessee Va.
Do
Do
120
86
*93
pref.
*23
"IS
Do
pref.
56
& Mich. Southern.
Long Island
Louisville & Nashville
Louisv. New Alb. & Chicago..
Shore
Do
«fe
St.
141s
125
94
*22''8
100
ID'S
•89
*73
103
& West..
*3i9
*8
Louis
Do
pref.
MO.K.& Tex., ex2dm. bends.
Do
pref.
•1413
2334
68=8
Missouri Pacific
Mobile & Ohio
41
Hashv.Cbattanooga&St. Louis 107
New York Central & Hudson.
New York Chic. & St. Louis
1st pref.
2d pref.
r>o
9
26
14
561s
94
2436
100
20ie.
•1978
Elchniond&WestP'tTerminal
Do
1534
*6»l3
•3914
pref
Bio Grande Western
Do
70
pref.
4^
&
&
&
125
66
&
31
Do
96
pref
8t. Paul Mflnn. & Manitoba.
•104
Southern Pacific Co
3234
Texas & Pacific
•13%
Toledo Ann Arbor & N. Mich 'I418
Toledo & Ohio Central
'
Do
„
Union Pacific
Union Pacific Denver
Wabash
Do
Wheeling
& Gulf
14%
23%
«9h
41
110
•8
•I4I3
•2313
pref.
Erie
nilscellaneoiis Stock*.
American Cotton OU Co
Do
pref.
Am. Sugar Eef.Co.,toiiip. ctfs.
Do
pref., temp. ctfs.
Chicago Gas Co
Colorado Coal &
Cattle Fced'gCo.
Kdlson General Electric
Katlonal Cordage Co
Do
pref.
Katlonal Lead Trust
Korth American Co
Oregon Improvement Co
5
...
..'.'.'..'
Pul Iman Palace Car Co
Silver Bullion Certificates.
& Iron
. .
Do
pref
Wcgtem Union Telegraph
.
'
7513
•18
. .
l-'6
71
•231a
-84
6058
72
2413
86
61
7078
•2313
30
126
8714
64% 64%
•91% 92%
112
14%
2411!
•3%
9
•14
•2313
671a
•66
29
19% 10%
50
50
3414
3513
235
225
15%
1618
7
29
7
•3%
9
8
I414
1413
241s •23
68I3 X6678
•40
108
100
112
•27
241s
6658
671s
>14
17
69
69
24
31%
16%
59%
15%
71
401s
24
181a
181a
3113
161s
30%
•15 13
•58
1518
•09 la
•3913
135
l.Tis
71
401s
•60
•31
70
33
98
107
•2713
671s
29ii
19
10^
•49% 51
34%
•225
3413
235
•15% 16
•7
27
44I3
76
20
295e
1458
•69
•39I4
7%
27
32%
1314
69%
'125
66
31
1368
•14% 16
50
•76" 85
67
18
72
26
19
3014
99%
20%
•12I4
•65
•27
19
1914
•3%
•8
•14
23
I414
24%
865a
675f.
42
108
40
13
•12
67% •65
•26
2914
U',i%
16
7%
7
•26
I4I4
•5158
23=8
6638
29
6678
39% 30
69%
6934
98
106
22 14
10
23
•9% 10%
21% 22%
34%
3558
3414
741*
76
7t%
103
50
85
•Ye"
43% 44
43 14
•9% 10%
22%
3438
7438
1338
118
I314
109%
71 14
7238
1958
21
95
995s
89
•75
89
84
•3%
•8
•14
107
10
14%
22
65% 86%
38% 39
13
109
9978 100
•12
13
67%
"65
28
26
67%
26
18% 18%
•7
7
29
26
I4I4
•I4I4
3333
230
155s
7%
28
15
665s
85I4
•I714
51%
23%
66%
18%
18
•14
•69
73
5i
51
23
23%
73
26
19
50
85
43%
10
22% 22%
34%
34
745e 75%
22=8
3478
7458
4%
9%
•17
2878
•17% 18% •1778 18
19
29
1278 14%
66% 68
69% 69%
109% 109%
i
125
135
•66
70
•31% 32%
•98
103
3034
98
106
313a
12% 13
14% 14%
'
•78
50
85
42% 43%
-17% 19
9%
9%
21% 22%
33% 3438
74
17
80% Apr. IT
6
Mar. 7 525e .\Br. 27
Jan. 26 122% Apr. 23
29 Feb. 24 31% Apr. 30
1578 May 19 1978 Feb. 9
44 Jan. 2 54% Feb. 10
26I4 May 20 34% Feb. 10
123 May 12 130 Jan. 5
93% Jan. 14
75% Mar.
67% May 1
41% Jan.
83 Jar.
975e Mav X
0658 May 1
50% Jav.
105% Jan. 3:11534 May X
102 18 Mar. 9 1 1 1 Sg Apr. 25
130 Mar. 18 138% Jan. 12
633e Mar. 6 8058 May 1
1,050 48
5,415 106
200
110
9
129
36,389
540
400
90
24,649
1
22
29 Apr. 27
865eApr. 22
Mar. 10
110 77% Jan. 29
4,930
58%
91
24
1.187 127
210
700
1,500
00
9'
220
200
600
409
100
508
835
1,525
1,298
50,295
610
1,860
810
487
100
700
50
100
246
11,105
800
100
600
100
100
200
3,630
Mar.- 7
6678
May
Mar. 23
10
98
Jan.
29% May
Aiir.
June 9 1395s Feb.
Jar. 2 14038 Feb.
15=8 June 26 2038 Jan. 12
48% June 26 6378 Jan. 14
8% Jan. 14
514 June 28
52 Mar. 16 66 Jan. 14
1338 June 26 19% Jan. 14
111% Feb. 5 129 Apr. 2
72 Jan. 1; 92% Apr. 9
90 Mar. 9 103% Jan. 14
8% Jan. 10 914 Apr. 21
20 Jan. 3 30 May 1
125a May 19 15% Feb. 55II4 Mar. 6 81% Apr. 2»
106% Jan. 2 11358 Feb. »
86 Jan. 3 98% Arr. 7
71% Juno 26 8238 May 1
18 Mar. 9 29% Apr. 27
5 Mar. 21 18 Jan. 15
96% Jan. 27 109 Apr. ft
18% Mar. 21 24% Jan. 4
89 June 26 96 Feb. 3
70 May 21 93 Jan. 15
98% May 19 111 Jan. 14
6% Jan. 10
37b Mar. 18
Mar. 18 12% Jan. 14
8
11% Mar. 14 16% Apr. 30
19% Mar. 6 20 May 1
60% Jan. 2 73% Apr. 27
26 Jan. 2 44% June 3
93 Jan. 21 110 May 29
99% May 19 101% Feb. 3
ll%Jau. 2 145eFeb. 10
70 Jan. 29
57 Jan.
31% Feb. 10
23 Jan.
22% Apr. 23
56% Apr. 28
41% Jan. 15
271 Feb. 3
18% Mar. 17
11% Feb. 17
40% Fel). 18
16% Jan. 14
57% Jan. 14
17% Mar.
505 48% Jan.
32 Mar.
12,600
J226 Mar. 26
15 June 26
350
7 June 20
130 27 June 20
300 1338 Mar.
700 51 June 26
2,480
3,565
17,458
IS
•23% 26
34»8 Apr. SS
6 Jan. 13
2456 Mar. 10
458 Mar. 19
25
IO914
9378
40
109
100
•17% 19
18
3438
7478
18
514
58
55% 55%
31% 317e
13% 13%
•14% 15%
32%
13%
•13
18
•22
13
22
70
33
98
108
•85
•31
•97
•14% 16
1558
49
•85% 87
*92% 94
•6% 7%
23
67
71
70
33
•76
118
4%
9%
14%
110
135
66
31
98
107
15
50
85
129
100%
19% •18% 19%
•88
125
32
1338
10038
110
135
3258
•50
29%
15% 15%
59% 59%
14% 1478
69
69%
37% 37%
109% 110
15
18
•18
2914
19
•60
•31
•97
103
1913
•18
•18
13% 13%
•76
•14
•69
18
73
•23% 24% •24
125
43% 44
10
-14
•69
loSg
4314
514
33
230
220
15% 15% 15
135
44 13
4373
OS's
6OI4
Highest.
520 72% Jan.
135% 135% 26,008 131
18% 18%
48 >3 49%
34
34%
19
3438 35%
'225
235
•7
•28
84
59%
108% 108% 107% 107%
4%
9%
•49% 50%
16
130
84
128
46,514
137,805
111
105
10438
4,735
25% 25%
-75" "so"
•15
16%
59% •58
59%
15% 14% 15%
71
*69% 71
40% 39H 3914
109% 110
•97
103
107
33I3
32 14
I8I3
lOia
2318
3538
•14
•69
•23
-18
961s
103
16
50
85
111
eo% 60%
•17% 18% •17% 18%
33
96I3
3314
I414
6658
59% •58
70
70
109 13 110
125 135
71
91% 91%
6158 62%
86
'
6II4
14% 14% •14% 15% •14% 15%
51% 52% •53
5214
53
23% 2334 23% 237b
2378 2438
19
17
73
26
19
•25
30
123 127
8638 8678
•04
65
130
...
107
100% 100% 100
'107
31
71% 7OI4 71
•23% 24% •23% 24%
•52
6758
•30
707e
•89
•77
107
4%
108%
104% 104% 104
•99% 100%
JO
31
'4% 4%
79% 79%
48% 49
62% 63
72
80
61
30
Lowest.
Shares.
16% 16%
48% -46% 50
8634
112
105
26.
of sales in 1891.
21% Jan.
83% Jan.
15% Mar.
14
2
2
11
Jap.
Jan. 14
82
30
22
35
Jan.
Apr.
Apr.
Jan. 30
1978 Jan. 17
Feb. 7
1 8
2
18 65 Mar.
150 19 Jan.
100 14% Jan.
17,470
20
138
25,530
800
30
74
9
5
7
10
Mar.
2838
12% Jan. 7
48 Jan.
1278 June 26
66% June 26
23 Jnn. 2'
j
12
29
23
May 1
1838 Apr. 27
6478 Apr. 27
19% Feb. 7
76% Feb. 10
44
200
631 55% Jan. 2 74%
350 109 May 22!ll4%
120 Jan. 81122%
May
1
Apr. SO
Apr. 1*
Jan. 3
9% Feb. 26! I'jisMay 23
55 Feb. 16; 70 Jan. 16
24 Jan. 15 33 June 1»
85 Jan. 5 97 June 12
8
100 Jan. 2 111 Feb
2,250 23 Jan. 16; 33% June 15
1,965 12% June 26 16% Jan. 14
200 14%June26[ 20% Jan. 13
45 Apr. 61 61 Jan. 13
1
78
30,890
170
June 8
415a Jan. 261
88
Feb. 16
52%
Apr. 23
June 23, 24% Jan. 14
858 Mar. 10 1158 Apr. 25
260
7,035 167eJan. 2 21 June 15
3,350 29% Jan. 26 37% May 5
733a
4,355
177e
500
2J% 21%
1,210
135
18,540
1,275
65,115
1,200
18
67%
17
Jan.
2
79%
Apr. 27
June 26 23% Jan. 14
I
•2214
2314
2214
•42 la
8lia
44
82
42% 42%
81% 83
*88ia
35
•93
&
Tennessee Coal
35
5ii8
Consolidated Gas Co
Paciilc Mail
Pipe Line Certificates
2258
31
1714
130
67% 69
•40
41
41
108
107 109
100 le 10018 100
19
'
•10
& Lake
Do
pref.
„
Wisconsin Central Co. ......
Distilling
•76
4418
pref
41s
913
•3ifl
91s
EomeWatcrt.&Ogdens.-New 10913 1)0
St. Louis Alton
T. H., pref
St. L. Ark
Tex., trust rec.
Bt. Lou.
San Fran, ,1st pref.
et. Paul
Duluth
9214
6378
•67
•28
•58
•47
•26
871s
65
•12% 13% •12% 13%
•151a
79
•I6I4
27
127
921s
68
29
,
pref.
112
104 14
31%
5%
49% 49%
I7I4
87%
65
9214
63 ^e
63
112
111
IO4I2
105
^4%
79
30% •30
•I6I4
•17
27
124
307a
108% 109% 106
109
6.) Is
1314
67I3
& St. L.
lis
63I3
87=8
1314
Ohio & Mississippi
*14
Ohio Southern
Oregon R'y & Navigation Co. •68is
Oregon Ph. Line & Utah North 26
Peoria Decatur & Evansville. •I8I3
PhUa. & Read. vot. trust, cert. •31
Do
'•'9
127
•89
90 14
90
80
80
80
1071s IO713IO7I3 10758 1075^
24 13 241s
Pittsburg Clnn. Chic.
123
87
•73
.
pref.
->27
90
80
Kew York Lake Erie & West'n 1958 20
*50
Do
53
pref
JTew York & New England
35
3515
Hew York New Ha v. & Hart •225 235
Kew Y'ork Ontario & Western 16 161*
Hew York Susquehan. & West
7
7
Do
27
27
pref.
Korfolk & Western
Do
pref.
Do
I7I2
4713
68
•2713
Korthern Pacific
•16
47 13
lOOk 100 100
19% 20
2014
100
aVe
'
.
Do
871s
9478
73% 74
pref.
Minneapolis
5%
54
1091s 110
Louisville St. Louis & Texas.
Manhattan Elevated, consol.
Mexican Central
Michigan Central
8h.
51
•7I3
Do
I^ke Erie & Western
Milwaukee Lake
16>4
1319
Evansville & Terre Haute
Great Northern, pref
Illinois Central
Iowa Central
I>a,ke
136%
50
1st pref.
2d pref.
51s
79 '4 7914
•49
49
49
IO8I4 109
109
•30
•30
31
June
25.
Range
Week,
Friday,
25
25
13016
5%
& Ga
•4I9
June
24.
7914
Bales
of the
Thursday,
•25
•25
•25
26
26
25%
12918 129% 1291412914 128% 12938 12738 127%
I3514
1357g
136% 135% 1357g
1363b
136 I3714
•16
16% 15% 10
15% 15% •15%
49% 50
50
50
49
49>4
5013 51ie
-558
'5% 6
•5%
6
•513
6
6
•50
•50
•50
60
58
•50
58
58
-13
•13
14
14
15
15
I313 13H!
123
122
121 121
125
"87
•daiy. 87
•do
87
85% 86
14 8738
94% •93
94
93%r 93% •93
94
94
7I3
713
•6%
•6% 7%
7%
9
•71a
•23
•23
•23
26
25
•23
25
26
1314 I314 •13
•13% 14
14
•13
14
5513 55Hi •55% 56%
56
56
'56
57
109 14 1091s 109% 109% 109:% 10938 109% 109%
•93
9412 •93
94% •93
94%
94
94
73'''8
73
73
7358
72% 73
74
73
2278 2278
2314 23% •22% 23%
•2278 231s
26
*50i3
pref
Wednesday,
June
*4i2
Pacific
Pacific
Tuesday,
Monday,
June 22.
4516
8913
5314
94
35
35
93 14 93%
4514
4513
lOlislOHa 100
•41
54%
45%
100
43
81% 82%
89% 89%
52% 5358
90
891a
35I4
54%
21% 22
2214
34
93I4
4514
34
935(1
i
no
sale
made,
22% 22%
•40
41
45
'93
94
•93
5
IOOI4 I007e
10414 10414
17% 17%
1278
•27
34%
66
'180
1314
29
35
66%
183
100%
103
17%
12%
•27
34%
66%
180
100% 101% 101
•32% 33% 32%
•80
9(1
80
80
•86
7958
Kio
ngjs.
Prices from both
1578 Jan.
2
29
Apr. 22
33% Jan. 2 53 Apr. 23
57% Jan. 17 92% Apr. 10
85 Feb. 27| 96 June $»
31 Jan. 2i 55% Junel*
32% June 28} 39% Mar. 16
94
93
1,047 93 June 26 9958 Apr. 30
93
45
45% 45
5,480 41% Feb. 161 49 Jau. 12
383 88 Jan. 3 111 Feb. 5
100%
100% 95 100% 13,600 73% Mar. 11 104 May 27
103
585 101 Feb. 3 110% May 7
103 103
17% 1758 8,100 17% Jan. 2 21% Jan. 17
175s
2 19% Feb. 13
13
1238 12% 24,219 11% Jan.
•25
29
15% Jau. 7 32% May 1
30
2,380 31% Jan. 28 41% Feb. 26
34% 33% 34
6678
66% 68% 278,000 6578 June IS 81 Feb. lO'
180 180
100 180 May 14196% Jan. 14
180
101% 101 101% [,g1>8,ooo 96% Apr. 22 107% Jan. 15
32% 323e 32% 2,000 32 May 18; 39% Jan. 14
•86
80 Jau. 6| 88 June 16
90
90
2' S3
Aiir. 3©
7914
797a
79
4,211 76 Jan.
Ex rig us.
Lowest is exjdiv. x Ex dividend,
41
84%
82% 83% 83
90
»u% 89% 90%
52% 5314 525e 5358
33
31% •32% 33%
45% 45% 4514 45
100% 100% 100 103
100%
lOlialOl^e 10138 10138 100% 101
103 13 103% 104 104
104 104
1734 17%
1758 17%
17% 18
147g 14^8
1178 14%
12
1278
26I3 29
*26
•25
28
29
•36
3«ls
3514 36
35
35%
68 14
6714 6714
8078 6838
67
'180 183
'180 183
183 183
100 Sg 101
101% 103
101 10178
*32ia 3311
32% 33
32% 32%
•86
•88
•86
90
90
90
8038
x80
797o 80%
80
80
These are the prices bid »nd as'ted
•21% 22%
||
•30
41
82% 84%
89
89%
51% 5338
32% 32%
t
JUNK
THE CHRONICLK
27, l&Ol.]
967
NK W YORK STOCK BXCHANBB PBICBS lCo«MqnB(I)-f»VAOnj'i5 STOOKS.
II
June
IKACTIVK Stock*.
IiKllnilcH uulUtcd.
Bid.
20.
Bang* (m<m) <h 1891.
{
Ask.
T Indicate*
KallroiMl Mocks.
100 35
100 100
AtlKUtn & I'liarlDtto Air LK....1(K)
93
Bfllevlllp & Soulli. 111. )in>f....lOO lan
BoatoiiAN. Y. Aiil.lue i)ref
100 09
Bnioklvii Klcvutcd!
100! 24
Buffalo Kodiester & I'ltts
100 S^i^^
ProftiriiMl
100 78
Burl. Ci'diir KiiiiUla js Nor
lOOi »0
California I'acllliTI
100 11
Cedar Falls A Mi niiosoto
100
6
Alahamii
Clilc.
aiiKqiicliniiiiii
A
Atl., l!(M[(f. trust rect».1I..I
(k Pltl«l>ur(?
50
Columliia
(In'ciivlllp pf
100
De8 MolncBvt i'ort iJodge
lOOi
A
5
PrefoiTed
100 12
Oiilutli S. Shore dt Atlon.H
100
4\
PreferredH
100 11
Fllut A P.Te MartiuctU)
100
Preferred
lOOi
GcorKin Paeiflolf
100'
6
Grreu Hay Win. & St. Paul. ...100
Hoiihton <fc To -xas Central
100
3%
'
niiiiois Central leased linos
100 90
on
30
20
74
20
27
3314
78*4
40
14
7
,144
12
13
12%
79^8
May
Apr.
32
June
BtJoaeph
land
BtLouliAi
IJ
Rt. Lonls ^oulhwuatom
.
I
100
!
WestemU
100
Cltyf
-fcK.
8>s Apr.
1"
oua nioelca.
'
5
7»i
4
100
14
I.ou.st.I..i&Tex.
Sec prccedingpaee
Aiuir:
6
Feb.
Feb.
l.'i
I
Mar.
2HisApr.
88>sApr.
6>« June
6>9 Jan.
8!|iJan.
78
7
& St.
May
Mar.
6>«
I
14
Mar.
1
Feb.
Jan.
Apr.
Jan.
6I4
7
27
9S
Lo., cons. 100
100
4
90
16
4
I
77
50
119
75
101
S3
Feb.
!
Mar.
13»sApr.
23|
lOOj
5
Morris & Essex
50
K. Y. Laek. A Western
100
N. Y. & Northern pref
100
Peoria & Eastern
100
5
Pitts. F t. Wayne & Chicago.... 10" 148
140
104
18
6
5
151
149
No price Thuisday; latest price this week.
:
May
85 Jan.
Apr. lOOijApr.
May 40 Jan.
Jan.
|
,1
I
5>4M8y
I
June 148>«Mar.
110
22
Mar.
Apr.
8 Jan.
Jan. ll52i4Mar.
Jan.
Mar.
A Cable
lOOi
leo Co., pref ..100
(.'oiupany
100
A
June
I
SECURITIES.
Bid.
1906 100 19
Class B, 5s
1906
Class C,4»
1906
Currency f undine 4s
1920 104
Arkansas—<>s,fund. Hoi. 1899-1900
do. Non-Holford iSo"
7s, Arkansas Central KR
toulslana— 78, cons
1914
A, 4 to 9
Funding act
1900
New
108>3
1894-1895
J4J
1
1910
1919
Rhode Island—6s, cou.. 1893-1894
ISouth Carolina— 6s, non-fand.1888
New York
20, 1891,
is
Bauks.
Bamkh.
Bank
of
New
Manhattan
Capittl.
t
York..
Co,
Merchants*
Mechanics*
America.
Phenlx
City
Tradesmen's
Chemical
,
_
Mercliauts' Kxchange
Oallatiu National
Butchers' & Drovers'.
Mechanics'
<&
Trailers
Greenwich
Leatnei Manufact'rs.
Seventh Natiimal
etatoot New York....
American Kxchauge..
Commerce
......
Broadway.......
MercauUie
Paclflo
Repnblic
Chatham
Korth America.
Eanover.....
Irving
Oitisens'.....
Kassan
Market*
Fulton...
Nicholas
Shoe A: Leather
fit.
Corn Kxchange
Coutineutal
Oriental
Importers' <t Tnuleis'
Park
Kast River
Fourth National
Central National
Second Nailoual..
Ninth National
First National
Ihlrd National....^
». Y. Kat'l Exchange
Bowery
New York County....
Oerman-Amencan
Chase Nutional
Fifth
. .
United States
Zilncoln
Osrfleld
Fifth Nallonal
Bank of the Metrop...
West Side
Beaboard
Btxth Nalisnal
Western National
1.200,0
6,000,0
6,000,0
1,000,0
1,000,0
423,7
1,600,0
1,000,0
1,000.0
300,0
1,600,0
•AOOO.U
260,0
3,300,0
3,000,0
300,0
760.0
600,0
1,000,0
800,0
360,0
300,G
760,0
6OO.0
100,0
300,0
800,0
600,0
300,0
300,0
160,0
.
SPMto.
11,730.0
9,H8d,0
1,730.0
2,519,0
6,581,1
7,680,0
12.140,1
4.336,0
731,1.
2,0r,l,8
670,8
2.429,5
lib,!
6,483,9
110,8
1,622.3
303,6
401,0
143,7
670,5
76,3
489,1
2,019.6
3,517,5
1,67 S.8
988,0
424,6
993,1
781,-i
807,4
9.955,8
1.830,2
21,562.1
3,041.0
4,904.9,
1,807,6
2,290.0
1,212,6
2,838.5
1,277.0
3,-ii0,e
16,007,0
18,512.6
6.638,8
7.981.9
2.673.0
9,901.7
5,871.8
2.805.7
fiS4.e
3,73i<,7
l,65a,7
314.7
433,1
12,525,8
3,063,0
2.815,9
2,927.0
3,946.7
1.902.1
2,708,0
232,6
768.4
10^.6
267,7
1,106,4
404.5
5,134.0
2,649,0
143,3
1,746.4
658,7
369,6
2«5,7
8,757.6
12,6
Ui.S
483.1
608..1
27-2,7
979,9
798,1
&1<I.9
800.01
794,61
•
*
P35.S
1,981,.
Le^ais.
6,930.81
4.079.41
Ofporitt.
—
34
14
•
\
lOOi
16
17
t
100
70
33
100'
i
lOOi
lOOl
'
•
'•
'.,510,0
11,'!00,0
10,492.0
6.8»2,8
6.873.0
11,475,1
4,211,0
10,890,3
882,5
166,0
168,6
328,5
221,3
216,0
1.336.0
1,076.8
875.9
581,0
1-425 4
1.040.0
1.431,9
„ 488,0
2,703,0
„ 269.
».298,8
670,6
623.6
96,9
316,0
107.S
861.4
229.5
292.1
3,108.0
8.807,3
3?4.8
1,'28»,6
1,304,1
1.688,0
1,856.2
701,0
1,'244,4
161.0
5,534,4
313,7
799,4
.
416,6
478,»
1,033.8
1,656,8
76u,3
290,7
303.3
8,681.0
400.5
654,U
828,4
323,9
747,3
1,176.8
307,^
220.2
87.^.2
3>i7,3
379.3
113,3
385.0
647,2
219,1
3B1,0
820,0
274,1
466,5
2.378,0
1,018.4
949.1
1,930,0
161.2
20,877,1) 8,830,0
20,262,7 3,814,0
1,146,8
181,5
!8.935,3 6,428,8
7.039,0 1,461,0
4,487.0 1,010,0
2,467,6
693,:
21,093,3 3,137.8
3.078.0
393,1
1,489,8
167,7
2,540.01
532.0
3,0^2.3
620.0
2,633,0
667,8
10,343.8; 1,984.9
4,702,6 1,04 -2.7
2,838,0
171.9
3,687,6
379,5
8,699,2
744,2
8,702.0
K98,l<
8,468,7
618,3
1,872,4|
896,7
4,173.2 1,018,6
2,038.0
844,0
8493,0
608.0
1,550.0
168,0
10.176,0 1.127.(8,820,0
830,8
8,588.«<
114.9
1,482,4
631,0
304.0
808.6
1.968.6
4^2.6
179.9
160,0
114,1
116,0
1,458,6
300,1
677,8
817,9
23!,0
440,6
616.2
318,8
8.U.0
199.0
690,0
160.0
l,»04,^
274,8
1,723,1
22,835.3
3,5J7,2
4,'231,2
1.847,2
2,2o5.U
3SM
Jnoe
"
14,2-^3.8
4,564,8
8,?33.0
8.166.1
10,442,1
6,149,2
8,166,3
4,3
1
'2.1
50!
'
100
82
149 1137
Jan.
Jan.
145
Feb.
Ajfe
96.
Coiui romise, 3 4-5 68
1912
New settlement, 6s
1913
5»
1913
38
1913
Virginia—6s, old
6s, consolidated bonds
68, consolidated, 2d series, recta.
68, deferred, t'st rec'tg, stamped
69% 70%
avtcU.
I
L,ftalt.
Onxxttt.-t
*
*
"t-r'-nlninnmi.
•
•
391 ,205,4 3.448,4:654,788.3
3«7.:07.3i3.4Tl. 7 483,238,1
3J3 ,882,4|3,4S9,7 688.628 5
383 .491.5 3.485.7 694,78»,8
891,,824,7 3,570,1 888,406,7
4!, 1-29.7
43.348.0
42,906.9
45.853.3
49,496,2
4,172,6 125, .453,4;3,358.8
5,114,0 124 777,7 8,258.8
6,315,4 136, ,441,4'8,'283.3
01,068.8
81.710,8
82.711.7
35,793,7 93.782,0
30,636,0
,405.0 3,0>!8.0 70,838,8
85,793.7 93.4C9.i>
14'2,0 2,077,0 63.311,8
30.461.0
35,793.71 93,1; 1.0
069.0 3.08i.0l 60.800.9
30.14 1.0
omxi two cip/ieri in all tht^e Jlguru^ f InciaOlng, tor BonoB and Pfetia
We
*
"dae toother banlca."
City Railroad Secarities
deiphla, the Item
Atlantic Av.,B'klyn.St'k.'i;o
Oen. M.,53, 1909... AJbO 103
Bl'ckerSt. «. Km. K. -stk.| 25
l8tmort.,7fl., 1900..J.tJ|114
115
106
•27
116
Br'dway t 7th.iv.--St'k..'. . 200
Ist mort., 5s, 1904 .JAD 102
lOS
3dmort., 5», 1914...J,kJ|102 105
'24 103
B'way lat, 6», ru
106
3nd 5s, int. as rout., '05. 93
95
155
Brooklyn City—Stock
168
1st mort., 68, 1902..J«Jil03
105
B'klyn crosst'n 68., 1908 108 110
Bkn.0'yAN'u5«, 1938 J AJ 100 102
OratrmlCrosstowo—Hc'K..; ... 160
1
M&N
1st mort., 68,19-22.
115
Cent. Pk.N.4 K.Klv.— stk.,112
Consols. 7s, 1902 ...J.tD 114
Ory Dk.K.B.&
UtuorL,
Bafy—
.stlj.134
7s, 1893..JJfcD;iOO
Bank Stock
BANKS.
List
Bid.
117
116
116
135
103
—Brokers'
BANKS.
Bid.
300
400
Qerman Am.
German £x. 310
30i'
too
Hud. Klver..
Chatham
40O
4600 4900
460
Im.
City
I
Ask.
306
i
rUtbAT*....
Foortli
171
660
Leather
4*
118
63
..__
IDT
100
)03
li>4
178
800
|1I0
240
|1C«
266
Manhattan... 175
MarketAFol iZb
HMcchlfitcs'
200
M'ch.VATrs'.
i.MercanlUe... 318
Merchants'.. XU7
jMorch'ts Rx. X
[Metropoiitaa
7H;
IM
]
'
..
Murray HUl. 300
230
22»
168
13»
320
395
... ..
Piodiaoe Ex. lis
.
....I
SeooDd
830
SeveaUi
126
HhoeAliwith
SL NtcbouM.
Stale of N.Y.
Third
Tradesmaa'a.
nidt'dStolea
Wealera....
Weet aids.
IBO
i«r
lau
.Seaboard.... 170
1
lAew York
..
{People'a
Republio
.170
1
Na«aaa....
Bid.
Ninth
Ittth Ward..
|Pbenix
M fa'
Moms
BANKS.
Park
Jt Trad's'
Irvinjc.
Mt.
178
I
N.Y.Comnty. 600~
Oriental
FaclHo....
Metro pulls... 376
Fifth
300
first
First N., S. I. ....
14tta Street.. 170
I
N. Amerioa..
Hanover
^iLlnccln
Oolambia.... 260 850
Commerce... 189
1V4
Oontinental 138
Oom Exch... ... 265
Deposit
112
Bast River..
Utb Ward... 200
IlilS
N.Y.NaLBx.
IS6
340
Germanla....
Greenwich...
I
Oitlsens'
IC3
210
109
245
— Latest prices of bank stocks this week.
Ask.
Chase
Chemical
1
I
I
3.30.1,1
.....
B.—
100
205
105
240
1st mort., 78, 1898.AAO 103
43d8UManta.A 8t.N.Av«.{ 38
Istmort., 6s, 1910..MAS 110
2d III,,taoome,68
i±ii 60
Hoast.W.St.« P.F'y-«<tK. 200
Ist mort., 78, 1894.. JAJ 100
Nliiib Ave
97
Se-nodATe Stock
<10S
lit mort., 6s, 1900.VAN 102
Sixth Ave.—Stock
170
.Third Ave.— Stock.
290
1st H., 68, 1937. ... J<ltJ 107
iTwenty-tUid 8L—Stock.. 235
lat nart., 78, 1883
103
210
^alUktln
162 Vi Qarfluld
.
ft
8or1p6»
FAA
KiKhth Av.—Stock.
ElghthAv.-Scrlp.6s,1914
423 A Or'ml St F'ry-Stk.
I
.
Quotations.
iDrr Dock E. B'y
180
130
60.772.7 64.868.7 896.1811.7 66.382.2 49.498.2 3»4.«24,7
Feb.
19V Apr.
70
97
Batetas'ADr.
Oantrnl
l.'290.0
40
Bid.
3,Dt)-l,0
8,789.2
8,892,0
36 Juno
14 Mar.
50isJune
19
SECURITIES.
Bread way... 267
4.172.8
3,081,9
S.434,0
3,12S,0
8,960,0
43%Jaa.
8.C. (cont.)—Brown consoi.ea. 1893
Tennessee—68, old
1892-1898
280
3,Sb'J.9
Jane
9% Mar. 13 3tm.
Apr.
44 Ja&
May 390 Mttf
F*U.
24 May
Jan
88 Feb.
6''g ian.
5ie May
13...
20...
"
Bowery
3.636.8
83
I
19.6'JO,9
3,02-2.8
87
65
{
86,,842,9 151,242.4' 9,212.3'
86,,842,9 149,553,1
9.341.4
65, 843,9 149,951,9 9,738,8
..
"
13 ..
"
20...
Plilla.Jttue 6...
••
Mar.
80
88
39
260
28
34
91s
lOOi 140
Loafu.
I
Amarloa
202
Am. Sxoh... 148
Asbnry Park
2.512,9
12,023.5
4.047,7
8.466.8
!
28
|
lOOl
9
1001* 35
100'
lO"*
!
6..
June
Boston and Philadelphia Ban ka
Survtv.
13,833.6
2,985,0
3,298,7
8.827.4
8,963,0
1,834.2
8,146.0
6,0a4.7
4.619.4
2,010,1
21.437.0
34.917.3
1,011.9
18,0*3,8
7,017.0
6,293.0
2.823,8
2,722,9
1,411.9
89>«!
B*aion.'
June
|
90 250 1300
28... .125,,139.4 SSa.Cai.S 6I,S89,3
29... . I'i5,,139.4 389,048,9 60.969.1
6.... .'l'-'5,,139.4,i38e,-236,4 59,751.3
13... .il25,,133,4< 383.034.6 60,504.4
20. .. . 125,,139,4 386.189.7 65,38-2,3
1,11)8.1
2.292.4
1,461.3
2,466.4
12,803.0
City,
11
O^*
«. York.
May
1,?91.1
1,478,5
S,60<>,0I
300,0'
300,01
Loam.
s
480.7
630,6
366,4
868,8
303,0
603.4
388,6
172,8
876,0
308,4
SOO.O
200,0
ririt Natlonal,B'klyn
T>tal..
200,0
600,0
300,0
460,0
300,0
700,0
1,000,0
600,0
600,0
600,0
760,0
600,0
600,0
Peoples'
Avenue
German Kxchange.
Oeimaula
3,000.0
2,OSO.O
2,000,0
2,000,0
8,000,0
1,000,0
1,000,0
7S0.0
800.0
600,0
1,000,0
300,0
400,0
SurpltM.
I.
.123
New York
City Bank Statement for the week ending June
as follows.
We omit two ciphers (00) in all cases.
(OOf omitted.)
09
6s
I
Jao.
Feb.
60
88
m
Apr.
.Mar.
Apr.
ApK
15 Mar.
1911 Jaa.
106 103 >« Jan. lo8>«Mar.
80
23 >* Mar. 26 Jan.
la
13\ June 2o>a Jan.
40 May 60 Jan.
""
"'
18
le
Mar.
16 Mar.
18>8 19 Jan.
1U><May
7319 68 Hay
81 Jan.
88
'
ri,iC
82 >«
10
Jnnei 21
Apr.
2rt
I
Feb.
18
|
VtM.
"
Jau
98
10
'76i«
100
100
100
100
11
...
100'
lOOj 104
Ask.
RB
Special tax. Class
Consolidated 4s
I
150
ii'i.i
ll
t
Stock Yarda. 100*
l)ond«,J.4;J.... 1892-1898
Chatham
iso"
—
J*a.
jaii.
100*
Bid.
1893
Stamped 4s
Missouri— Fund
SECURITIES.
Ask.
103
New York—6s, loan
108 14 North Carolina 68, old
Ift'iJn
143
40
1
NEW YORK STOCK EXCHANGE t&lCtH.—STATE BONDS JUNE
Alabama— Class
Mmr.
|
_
1
Laclede (Jas
Do
pref
LehlKh * WllkcB. CoalU
Maryland Coal
Minnesota Iron
National l.lnseod Oil Co
New Central Coal
Ontario Silver Mining.
Pennsylvania Coal
Phlla. Natural Oas
Postal Telegraph -CabloU
Quicksilver Mining
Preferred
Texas Pacific Land Trust
U. B. Express
Wells, Fargo Express.
I
|
60,
;
Columbus & Booking Cool
Commerelal Cable
Consol. Coal of Maryland
I
May
301a Jan.
63 Jan.
I
I
14
IllB jlis
80>4 80
87>»
KKI 112
'S«
Chic June. Ry.
Preferred
SigJun.
Apr.
2 Jan.
90>9 Jan.
18
I
I
Brunswirk
Buekeye I'lpe Line
i
IS
9
Jii,
Ji:
3W|Jiui.
7>(i
100,tU7
13
13
7V
May
Axtt.
lOOl
Vote Cot
I
Amei
Am.
18>4
15
I
I
Ami
M^lKf
lOim
40>i Jimn
Mar. 18A
Feb.
6
83
ei*
18
:
C^ir..!!!,.!
fiiilllli
June i52" Jaui'
Feb.
Apr.
Jan.
OT««
Hlghttl.
ttm.
175
5
Preferred
Apr.
m
40
180
loo,
IWI.
(ialtt\ In
tMMtt.
00
-1.
'
\.!-
IflTgJati.
Preferred
Louisv. Evans.
Preferred
Preferred
37*1 Anr.
V« Feb.
6
25
lOO
100
Memphis 4 Charleston
30
Apr.
Jnu.
Jan.
3% Mar.
148
16
Mexican National
BeHMelaer
June 140 May
June 10.1 1« Feb.
135
094t
Kanawha & MichlKan
MnhoninK Coai
May
102>« Mar. ie7>«
A«k
SO 86
100 174
Preferrcjl
170
00
150
Adni
144
Clevelttiid
Keokuk A Dcs Moines
BM.
unllitad.
A Wetteni
Pittaburg
VIcktun-KH
A'
JImiiy &
Kan^
/MIM36.
IHACTITB STOCK*.
BighnL
Lotntl.
In liotUt aelntl $%te»,)
(|
345
su
IS»
118
tB4
THE CHRONICLE.
968
BOSTON. PHILADELPHIA ANU BALTIMORE STOCK EXCHANGES.
Bales
^f Sbare Prices — not Per Centnm Price*.
Active Stocks.
yi
June
32i«
T.
'i'b
•'
'80
20.
100
100
Boston A Albany (So»ton>. 100
"
Boston & Lowell
100
"
Boston & Maine
100
Central of Mass.
"
100
"
Preferred
100
"
Cliie.Bur.&QuiD.
100
June
32%
33.
4%
196
Preferred
Mtchburgiiref.
2018
7314
*19is
•37
•512
"
"
"
2438
196
196
18%
*37
38
87%
63%
30^8
5
•4%
Friday,
June
25.
31%
118%
'
201
200
200
•200
197
•196
*18
197
•j72%174% 172%
196
19
7314
74
26.
Shares.
57,542
100
•4%
*
8*7%
63 14
87%
63%
20
75
142
2018
2018
35%
99%
34% 35%
9812
65
'
24%
67%
201a
99
23%
47%
46%
141%
'196
*1S
•37
8714
8714
87
63
63%
6i%
'5%
*20
75
20
75
24I8
"23''8
66%
172%
il96
18%
38%
75
'
26%
'
73
"
2914
29
50
"
50 15iii,15i'u "l5%15'l„ I'iisi'e
Bummit Brauch fBos/on^ 50 *
6
6
"
Union Paeitlc
100 4414 4414 43''8 4414 43%
United Cos.ofN.J.rP/iiYa.jloO 225 225
•225
'222%
*7
*7
*7
WesternN. Y. &Pa,( Phila.). 100
714
71,!
'
....
....
....
306
'
65
24
67
23''8
1914
19''a
34% 34%
99%
99
29
15%
14%14U„
I914
33
98
34
99
63%
23
147,8
43% 43%
x223
7I4
*7
jniBCrllaneouK Stocks
Am. Sug'rReftn U (Boston)
*81% 82
81%
81% 83
Pref errea
"
8812 88I2
89
90
89%
'•
Bell Telephone..
2OII4
ioo 20II4 2OII4 2OOI2 202
Boat. <fe Montana
"
43%
43%
45
25
45% 45%
.
. .
Butte & Boston..
Calumet &Hecla
Canton Co
15% 15% 15% 15% 16
255
235 255
25 250 255
"
"
25
(Bait.). 100
"
Consolidated Gas
100
Erie Telephone (Boston).lOO
Lamson Store Ser. "
50
lehi'h Coal&Nar FhUj 50
'
60
'
4473
*48
*48
19
17
17
461a
46H
49
•55
•4414
48I4
21
18
44% 44%
46% 46%
K.Eng. Telephone rif'ist'n^ioo •50
*50
53
53
North American. (Phil.). 100 *14% 15
12
13%
Thnmson-H'nEl. 'S(Bost'n) 25 43
43I2
•42
44
"fPrcferred
"
25 25% 25% *25% 26
II
"
Tfest End Land..
20% 21
21% 21%
* Bid and asked prieps
no sale was made.
Inactive Stoclcs.
Prices of
June
Kan. C'y Ft. 8. & Mem. (Boston) 100
K.C'yFt.S.&Gulfpf.
100
K. City Mem. & Birm.
•'
100
Little SchuylKIl
(Phila.)
50
68
Manchester & Law.. (Boston) 100
Maryl.ind Central ....
(Bait. 50
Mine Hill & 8. Haven (Phila.) 50 66
67
KesQuehoningVal
"
50 54%
Northern N. H
(Boston) 100 137
North Pennsylvania. (Phila.) 50 80% 80%
Oregon Short Line... (Boston) .100 24%
ParfterBburg
(Bait
50
Pennsylvania &N.W. (Pliita 50
Raleigh & Gaston ....
(Bait. )100
'3'
Rutland
(Boston) .100
!::::::
Preferred
100 63
Seaboard & Roanoke. (Bait.) 100
Ist prefened
'•
100
West End
(Boston) 50
78
**
Preferred
50 8114 81%
West Jersey
(Phila.)
50 58
West Jersey & Allan.
30
50
Western Maryland..
(Bait.)
15
50 10
Wilm. Col. & Augusta
"
100 109 112
Wilmingt'nikWeldon
"
100 115 125
Wisconsin Central... (Boalon) .100
17
17%
Preferred
"
100 45
Worc'st.Nash.&Roch.
"
100
MISCELLANEOUS.
AUouez Mining
(Boston) 25
3% 3%
Atlantic M iniug
"
25
16
City Passenger BR... (Bait.) 25
70
75
BayStato Gas
(Boston) 50
27 14 28
Boston Laud
"
10
6
Centimnial Mining...
"
10
15
16
Fort Wayne El.-ctric1I
"
25
Ifsl 12
Franklin Mining
"
25
17% 18%
Frenchm'u'sBayL'ud
"
5
5
"
Huron .Miulug
25
1% 1%
Illinois Steel H
"
100 67
Kearaarge Mining
"
25
13% 14
Morris Oaual guar. 4. (PhUa.) 100
Prefcned guar. 10
'•
100 i99
Osceola Mining
37%
(Boston) 25
37
"
Pewabie Mining.
25
Pullman Palace Car..
"
100 160 181
"
Quiucy Mining...
25! 107
110
Tamatack Mining...'.
"
25 155 |157
20
50
ll'^s 12%
42%
25% 25^8
20% 20%
•4214
18
44% 43
16
16
260
260
57
13%
•42
x24''8
18
50
'50
1314
•12%
43
25
20% 21
X Bx
45
57
44 14
48%
19
46%
50
20% 20%
25
2OI4
div.
2
2
29%
74
June 9 168%
19
Mar. 10
28
1
Bid.
Aak.
9
6
May 23
53
32
Feb.
Feb.
Jan.
Jan.
Jan.
Feb.
Jan.
Feb.
Apr.
Apr.
Feb.
3
11
14
15
15
6
13
10
28
29
10
tEx
ri^hta.
Bonds.
50
2%
12
Fenna. Consol.
12%
|i
Unstampcdlat, 68..-.1933,A&0!
K.C.C.&8pring.,l8t,5g.,1925,A&o:
K. C. F. 8. & M. con. 6s, 1938, M&N
K.C. Mem. & Bir.,l8t,58,1927, M&s!
K.C.St. Jo. &C. B.,78..1907, J&JI
L. Rock&Ft. S., lat, 7s. 1905, J&J,
!Louls.,Ev.&St.L.,lst,6g.l926,A&0!
2m., 2—6 g
1936, A&O
Mar. H. & One, 6s
1925, A&o!
Exten. 6s
]923,J&D
|Mexican Central, 4 e... 1911, J&J
1st consol. incomes, 3 g,non-cum.
2d consol. incomes, 3s, non-cum.
N. Y. & N.Eng.,lst, 7s, 1905, J&J
Ist mort. 6s
1905,J&J
2d mort. 68
1902, F&
2d mort., scaled, 58... 1902, F&A
jOgden. &. L. C.,Cou.6s.l920,A&06
Inc.Os
1920
Rutland, 1st, 6s
I9O2 .M&N
2d, 58
1898, F&A
Bonds.— Philadel-ihia
Allegheny Val.,7 3 10s, 1S96, J&J
107
8teubeu.&Ind.,l8tm.,58.lH14,J&J
1894, A&O iba"
United N. J., 6 g
108I4
!
92
Warren & Frank,, l.st,7s,1896,F&A
Bonds.— Baltimore. ,,,
106
88
Atlanta & Charl., Ist78, 1907, J iJ
Income 6s
.
)
1
Baltimore
.
.
.
M&N
Atlantic City Ist 5s, g., 191 9,
Belvidere Del., 1 st, 68 1902, J&D
Catawissa, M., 7s
1900, F&A
Char. Cin.&Chic.l8t5g, 1947, Q—
Cle.irfleld & Jeff., Ist, 68.1927, J&J
Connecting. Os
1900-04. M&S
. .
.
Del.
&B'dBr'k,
lat,
118%
112
102
Pitta.
103
2d8erie8,6s
3d Series, 6s
4th Series, 3-4-58
-1
,
La«t price this week
M&S
M&S
M&S
i
116%
78.1905,F&A
M&N
1911
1916,
1921,
1926,M&8
SthSerica, 5s
West Va. C. & P. 1st, 6 g. 1911, J&Jl
West':. V.C. Consol. 6 g.l914, J&J;
Wilm. Col. & Aug., 6s.. 1910, J&O'
120
1
i
101%
112% 113
125%!
127%'
118
I
109"
115
117
111
101
100
117
115
108
80
100
108
94
113
1119
I1I6
109
85
iioi
;108i4
95%
115
MISCELLANEOUS.
Baltimore— City Hall8s.l900,Q—
Funding 68
West Miiryl'd RB.
Water Ss
il6% 111% Funding 5b
Exchange 3%8
131%
Chesapeake Gas, 6s
123
108
110
100
100
100
100
J&J 114% 115%
& Conueila. I8t7s.l898,
Virginia Mid., 1st 6a... 1906, M&S
110%
ii2%
117%
100
105
96% 98
Oxf.&Clark.,int.gu.,6 g.l937,M&N
Piedm.& Cum., 1st, 5 g.l911, F&A
100
107
109
98
104
J&J
Bal.&Ohio8.W.,l8t,4%g.l990,J&J
118
110
100
120% 121%
102 103%
99
CapeF.&Yad.,8er.A.,6g.l9l6, J&D
99
1916, J&D
Series B., 6 g
99
1916. J&D
Series C, 6g
1930, M&S
Cent. Ohio, 4% g
Charl. Col.&Aug. 1st 7s. 1895, J&J 107%
Ga.Car. &Nor. lat 5 g..l929. J&J
1900, J&J 114
North. Cent. 6s
1904, J&J 116
6s
J&J 110
1926,
Series A, 5s
1925, A&O
4%8
72
37
20
Easton&Am. lstM.,58.1920,M&N 107%
Elmlr. &Wilm., 1st, 68.1910, J&J.'
Hunt. & Br'd Top, Con. 58. '95, A&O
Lehigh Nav. 4%s.
1914, Q—
2d 6s, gold
1897, J&D
General mort. 4%s, g.l924,Q^F
Lshlgh Valley, 1st 6s... 1898, J&D
2d 7s
1910, M&S
Consol. 6
1923, J&D
North Penn. Ist, 7b
189.6,
Gen. M. 7s
1903, J&J
Pennsylvania gen. 68, r.,1910, Var
Consol. 68, c
1905. Var
A&O
A&O
g...l925, F&A
1900,
Ohio 4g., 1935,
& Conn., 5
Stateu Island, 2d, 5 g.l926,
I
.
&
Pitts.
I
,
(
25
20
1
Jan.
Jan.
5814 Jan. 17 92% Apr. 20
84% Mar. 11 96% June 9
412 1184 Jan. 29 220 Jan. 14
3914
Jan, ^l 46% Mar. 31
1,185
2 17 Jan. 14
1,.540 I314 Jan.
20'246 Jan. 3 a80 Mar. 31
4914 Jan. 27 58 June 2
Jan. 14
45' 44% June 4 49
60 46% Jan. 3 50% Mar. 31
9
Jan.
30
24
Mar.
991; 15
263 46 Mar. 23 48% Feb. 10
5
May
54 50 Jan. 3 53
2,452 ll'a June 23 19% Feb. 17
31
Jan.
150' 41
June 9 49
3d0,x24T8 June 24 26 Jan. 6
2,317 18% June 9 24% Apr. 23
12% 12-'8
41% 41%
42
42
7
22
I
)
And accrued Interest.
50
51
51
I
'
.
lOOl
•55
44% 44
48% 48% 48%
18% 18% 19
46% 46% 46%
93%
66% May
5
12
19
2
13
7,685
1,157
15% 15%
255 260
•4414
46% 46%
50
44
8
16
20
.
)
§
50
43
16
260
56% 55
44% 44% 44%
4314
48% 48%
46% 46%
714
'
12
12
1919, Var
5s, r
1913, J&D
CoUat. Tr. 4% g
Pa. &N.Y. Canal, 7s... 1906, J&D
1939, A&O
Consol.58
77 14 77%l;Perkiomen, Ist 8er.,58.1918, Q-J
'At.Top.&8.F.100-yr.4g.,1989, J&J
income
n
100-ypar
g., 1989.Sept.
45%
Pnila.& Erie gen. M. 5g.,1920, A&O
Burl. & Mo. River Exempt 68, J&J
114
1920, A&O
Gen. mort., 4 g
Non-exempt 6s
1918, J&J 102
Phila & Read, new 4 g., 1958, J&J
Plain 48
1910,J&J
85
Ist pref. income, 5 g, 1958, Febl
Chic. Burl. & Nor. 1st 5,1920, A&O
98
99% 2d pref. income, 5 g, 1958, Feb. 1
2d mort. 6s
1918,J&U 99
3dpref. income, 5 g, 1958, Feb. 1
Debenture 6a
1893, A&O
1896, J&D
99
2d, 78
Chic. Burl.& Quincy 4s..l922,F&A
1911, J&D
85
88
Conaol. mort. 78
191!J, A&O
1911, J&D
Iowa Division 4s
87
90
Conaol. mort. 6 g
Chic.& W.Mich, gen. 3.s, 1921, J&D 5 93%
lmprovementM.6 g., 1897, A&O
Conaol. of Vermont, 58.1913, J&J;
80
87
Con. M.,5 g.,8tamped,1922,M&N
Current River, 1st, 58..1927, A&O
95
Phil. Wilm. & Bait., 48.1917, A&O
106%! Pitts. C. & St. L., 78. ...1900, F&A
Det. Lana. & Nor'n M. 78 1 907, J&J
Essteru lat mort. 6 g., 1906, M&8 121
Po'keepsie Bridge, 6 g. 1936, F&A
I ree.Klk. &M. V.,l.st, 68.1933, A&O
Schuyl.R.E.Side,Ist5 g.l935, J&D
.
H Walisted.
16
'255
714
83% 8314 84% 82% 84%
9014
90% SO
200 200%
201% 199% 201
Inactive stocl<$.
.
"
16
260
7J4
Mar. 13
Mar. 14
Mar. 14
40
24
I414 Mar. 10 17',. May 1
4% Feb. 5 6% Jan. 12
1,765 42 Jan. 26 52% Apr. 28
25 x223 June 24 230 Feb. 5
9 Feb. 11
714 June 11
25
43% 43% 42 's 43 14
223% 223% 223% 223%
714
Thom.Europ.E.WeldV (Boston) 100
'•
Water Power
100
"
Westinghouae Elee.H
50
Bonds.— Boston.
26.
Atlanta & Charlotte {Bait.) .100
Boston & Providence {Bosltm) .100
Camden & Atantic pf. (Phila.) 50
••
Catawissa
50
Ist preferred
"
50
2d preferred
"
50
Central Ohio
(Bait.)
50
Charl. Col. & Augusta
100
Connecticut & Pass. (Boston) .100
Connecticut River...
"
100 218
Delaware & Bound Br. (PInla.) .100
Har. Ports. Mt. Joy &L.
50 76
Thoms'nElec.Wei/l'gil
82% 82%
89% 90
201% 200
45
44%
223
Jan.
209%
20%
49% May
2,932
14% 17,750
'
43%
Mar.
31
41
5
17
72
18
41 163
50%
50%
75''8
21% Jan.
63% Jan.
2,585
9,681
'"56" 165
14% 14%
1
2
2
7
2
882 45''8 June 4 51
44 140 Jan. 13 146
5,440 17% Mar. 23 24%
4,535 32% Mar. 9 41%
840 96% June 2 II6I4
63% June 1^7 66I4
64%
23%
65% 65 's
23% 23%
66% 66%
23'8'
66% 67
I9I4
May
Apr.
Jan.
Jan.
Apr.
Apr.
Jan.
Feb.
Feb.
Jan.
Feb.
Jan.
June 18 83% Jan. 5
Mar. 19 26% Apr. 23
71% June 12 86% Apr. 23
425 17% Jan. 2 25 June 16
251 4314 Mar. 20 47% June 20
198
75
23% 23%
•47
48
47%
47% •47
46% 46I4 46% 46 14 46% 46 14 46%
141% 141% 141% 140 142
140
164% 164% 164%|164% 164
50% 50
50% 50
50% 50
164
5018 5014
50
4,760
16,200
30
•17%
Highest.
16% Jan.
34% Jan.
19:i
5
39
-
I64I2
164
507
18%
41
41
•5%....
20
74
20
76
•74% 76
196
86% 86%
61% 62%
87
63
41
20
75
5
Lowest.
24%
Mar. 10 34%
4% Mar. 10 6
85 Mar. 4 93%
127 Jan. 7 131
113 Jan. 6 119
22 192 Jan. 3 205
172% June 12 183%
85
130
119
200
•18
•37
•5%
20
20
20
2014
34 14 34% 34% 35%
98% 99 14 *98
90%
66% 67%
24
176
•
41
75
21% 24%
4714 47%
461a 46%
24%
118% *117
200% 200
18%
38%
»37% 38% •37
75
46%
19
Week,
30% 31
5
85%
•5%
7314
65
50
88I2
64I2
2018
47i«
67I2
1741s
18
20%
47ifl
"'24»a
'200
6
201a
4612
'
"
100
(Boston). 100
(Phila.).
201
75
'
Maine Central (Boalon) .100 141
"
Mexican Central
100 20
"
W. y. & N. Eng.
100 35
"
Preferred
100 99
Philade). & Erie.
Phila. & Beading
•200
'172
1961-.J
64%
Pennsylvania..
*4%
5
June
3214
85
'
'200
201
'1721s ....
61'4
Korthem Central (Bait.). 50
Korthem Paciflc (PJiila.) .100
31%
Thursday,
'
Ohio. Mil. & St. P. (PhU.).lOO
Oblc. & W. Micli. (Boston) . 100
'•
Cleve. & Canton
100
100
100
n. <t Pere Marq.
100
"
Preferred
100
Hunt. &Br.Top.rPft««;. 50
"
Preferred
to
"
Lebli^h Valley
50
Wednesday,
June 24.
31% 32%
85
87^
Old Colony
*4%
5
85
19i«
38»«
88'4
Preferred
32
325f.
Tuesday,
"
"
l8t preferred
2d preferred
Bange of sales in 1391.
of the
Monday,
June 22.
Saturday,
Indlcatee unliated.
& 8. Fe ( Boston). lOi'
Atlantic & Pac.
100
Baltimore & OUio fBalt.J. 100
AUh.
[Vol. LII.
1900,
O-J
6s.. 1902, ,)&J
116
117%
1916, M&N i'24
i23"
1916,
1930, J&J 101% 101%
1900, J&D 101
104%
1910, J&D 112
112%
;Con8ol. Gas, 63
1939, J&J
99 100
58
1913, A&O 105
106
Equitable Gas, 6s
63
Virginia (StatelBs, new. 1932, J&J
65%
;
'
M&N
Junk
THE CHRONICLR
87, 1891.J
HEW YORK STOC K EXCHANttE PB1CE8
(OoutlBuedy.— AOr/K*;
969
BONDS JUNE
!I6,
AND SINCE
JAN.
I,
fata)
79«s
At.Top.&8.F.— lC0-yr.,4g.l»89
4ft>4
1989 Sept.
lOO-ymir lncomc,S»?
Atl. & Piic— W.U. Inc., 08.1910
1937 J A J 72
GtinrniitocU. l (t
112
Brookl'ii Klevafdlst, e.g. 1924 A. <St
Cbt>. South.— Utffuar., 08 1908 J J( J lOS
I9ia M A S 90
2d, 58
Central of N. J.—Cons., 78.1899 Q-J 110
N 110
1902
Consol., 78
Qeiu^riil mortKaire, 5 )t..l987 J & J 110
Leh.&W.B.,oon.,78,a«'d.l900 Q-M 108
1912 H & N lOO
do. niortcraKe, !>8
1921 J & JjlOS
Am. Dock£ Imp, 08
Central faciao— Gold.Os. 1898 J
Che». AOlilo— Mort,,0 g..lJll A A O •110 b.
1939iM Ac N 95 >9
l8toon801.,5K
K.&A. Dlv., l8t con..4g.l9H9iJ
08 b.
l8tcon.,'J-4K.l»89;J
do
do 2dcon., 4g...l989 J dc Ji 68 a.
& Ailoe a.
1911
Ches. O. &8o. W.— 6g
Je Jil2mi
elite. Burl. & Q.— Con., 78. 1903
* N 98 b.
1913
Debenture, ,58
& Al 97
1922
Denver Division. 48
& Nj 84 b.
Nobraxka Extension, 4s. 1927
7S
1
I
M&
.
11
Mar.
Mar.
Mar.
70>fl
May
38i>8
U
108Tg Apr.
&
E. 111.— l8t,s.r.,68.1907
1
.'is
67
Jan.
6714 June
104 Jan. 114
May
Jan.
.
Juno
I
Apr.
Jan.
Mar.
I
Jan.
Jan.
'
May
Jan.
May
821a Jan.
1 0979 Jan.
122% Jan.
124 Jan.
loi.2Mar.
921a Jan.
I
1
llS^sMar.
118 Feb.
112 June
H3i4Anr.
AN
1
is
NUO
I
'
I
;
I
^
I
made up from aotaa
A O. 8.
4>«8...1990
1919
Mon. Rlv., Ist g.,g. 58
B.
Railroad Bonds.
W., Ist,
g.,
OenriOhlo Keor.— Ist, 4>as. 1930
Bost. n. Tun. A W.— Deb. 5s. 1013
Brooklyn Elevated— 2d, 3-58.1915
(Slock ExeKange Prictt.)
Alabama Mid. -Ist, g., 68 ....1928
Atlantic A Dan..— 1st g., 68. .1917
Atl. A Pac— 2d W. D.,gu. 68,. 1907
Boch. A Pitts.— Gen., 58.1937
1921
Booh. A Pitts.— l8t, 6s
Consolidat'dl9t.68.1922
do
Burl Ced. Bap. A No.— Ist, 5s.l90e
8uft.
Park B.1919 114
1925
117
104
ConaoU A eollat. truat, 5s. ..19.34
1988 ioo"
Cons. mort.. goU. 58
* No price Friday ; these are the ateat quotations made this week.
'
1
sales only.
•
Latest prloa this weak.
PBICES-(CoBtlnn«d>,— JW^CT/VE
BECUEITIES.
Ask.
,
i
lOSSsJune
Banze
,
I
May
1031a Feb.
Ill Jan.
98 Apr.
88 Jan.
1151a June
108 Apr.
1241a Apr.
108 Feb.
127 Apr.
101^8 Jan.
7919 Feb.
441a Jan.
Ill Mar.
116 Apr.
100 Jan.
MAN*
NEW YORK STOCK EXCHANGE
AN
Feb.
Jan.
lOOig Apr.
95 Jan.
105 Jan.
II713 Apr.
70 Feb.
105 '9 Feb.
1271a June
IO719 May
58 Jan.
50iab. 471a .Mar.
1958 Feb.
1958 Feb.
84 b. 32 Mar. 38''8 Mar
25
30 Jan.
26(4
1958 Feb.
14 Mar.
Pittsburg & Western— Ig. 1917 J 4 Jl 79
81
Feb.
751a Jan.
118
JjllS
1121$
Kich ADauv.- Con.,6g..l9I5 J A
a.
June
Jan.
1936fA A O 80 b. 80 June OliaJan.
Consol., 5g
93 May lOOia Jan.
Rich.&W.P.rer.-Tru8t,6g.l897iF A A 93
6219 June 7A Feb.
Con l8t&col.tru8t,5g.l914 H A » 62is
77% Feb.
BloG. We.steru— 1st, 4K..1939 J A J 76%
74 Jan.
105 Jan. 114 Mar.
R. W. &Ogd.—Cou.,5s....l922 A A O 109
^84
8218
St. Jo. & Gr. Island—6 g.. 1925! M A N
a
Mar. 92^Jaa.
St. L. Alt.&T. H.— l8t,7s.l894IJ A J 108
June 110% Mar.
..,108
2dpref.,78
1894;FA A 106 a. 104 May 107 Jan.
1 05
St. L. AlronMt— l8t78...1892!F A A 103 b. 101i»Feb.
Jan.
105 b. 1041a May 108% Apr.
2d,7g
1897;M
CairoArk. ATexas, 7g..l897IJ A D 104 a. 103% Jan. 107H Jfey
93% Jan.
31 May
Gen. B'yAlandgr.,5g..l931 A A O 88I4
St.L.ASanFr.— 6g.,Cl.A.1906M A N 107 b. 108 June 1121* Apr.
llSiaApr.
6g.,Clas8B
1906MA N 107 b.llOeiaJnne
107 b.ll07 June 114 Apr.
6 g., Class C
1906IM
General mort., 6 g
193i;j A J 103iab.l03i4 June 110 Jan.
664 June, 67iaJuna
St. L.So.We8t.— Ist, 48,g..l989M A N 6eia
26 June 28 19 June
2d, 48, g.,lnoome
I989;j A J 27
8.P.M.&M.— Dak. Ex., 6 g. 191o!m A N llSiab. 114 May 118 Jan.
Ist consol., 6 g
lOSSiJ A J^ I14>ab. 114 Mur. 117 Feb.
do
reduced to 4 lag.. ^1 J A J 100 b. 100 Mar. 1021a Feb.
Montana Extension, 4 g. 1937 J A D 80 b. 80 Jan.
871a May
SanA.A Aran.l'.— Ist,6g.l916 J A J 60 b. 62 Jan. 74 Feb.
l8t,6g
1926J A J 65 a. 62 Jan.* 73 19 Feb.
13318 Apr.
126% Ja<
Shen. Val.-l8t,7g., tr. rec.1909
•54 b. 55 May
61 •« Jan.
Gen'l 6 g., Tr. rec. ass't'd. 1921
lOSiab. 103
Feb.
Jan. 107
So. Car.— Ist, 6 g.,ex coup. 1920
•22
27 Apr.
a.
13 Jan.
Income, 6s
.1931
10 1 la Feb. 103% Mar
80. Pac, Ariz.— 6g
103
1909-10 J A
113
So. Paciflc, Cal.— 6 g
1905-12 A A
1091a Apr. 114 Mar.
99 Jau. 101% Mar.
99
1st, consul., gold, 5 g
1938'A A
l02i4Ja'>. 104 Apr.
103
60. PaciiicN. M.— 6g
1911 J A
94 Jan.
88
86 Jan.
Tenn.C. I. ARy.—Ten.D.,lst,6g:A
92 May
96>sJan.
BIrm.Div.. 6g
06
1917 J A
87
901a Apr.
Tex. A Pac— Ist, 5 g
851a Jan.
2000 J A
29 14 Mar. 35^ Jan.
2000' March. UOia
2d, income. 5 g
il
99>aFeb.
94
93 Jan.
Tol. A. A. AN. M.-6g
1924 M A N!
Tol.A.A. AGr.Tr.— 6g....l921J A J 106 b. 104 Jan. 1108 Apr.
Tol. A Ohio Ceut.— 5 g
1935 J A J 104 b.il02»8 Jan 107 <s Jan.
1917J A J 74 b. 73% May 77 Jan.
Tol. Peo. A West.—4 g
SOiaJni.e 01 Jan.
Tol. St. I.. A Kan. C.-6g..l916 J A D! 831a
Union Pacilic— 6g
1899 J A J 113iab. llliaMay lUiflBfar.
107 Mar. 111% Feb.
ginklnefund. 8r
_
1893 M A S 108 lab.
74 Apr.
70 a. 69 Feb.
CoUai. trust 41a
19l8'M
KausasPaciflo- l8t,6g..l895!F A A, 108 b. 107ia May Ill Jon.
l8t,6g
1896 J A D 107 b. 108 Mar 109 =8 Mar
111>4 Mar.
b. 1091-j May
DenverDlv.—6 g
1899 M A
l8tcon9ol.,6g
1919 M A N 106i«a. 106 Juue UliaApr
Oregon Short Line— 6 g.. 1922 F A A "lOl b. 100 Mar. I0bi« Jan.
711s June 80% Feb.
Or.S.L.&UfhN.— Cou.5g.l91»-\ A O; "lia
U.P-])en.A Gulf con. 5g.l939 J A D 71 la
711a June 82 Jan.
Union Elevated— 6 g......l937 M A N 107»8b, 106 Jan. 1 1 1 Apr.
VirglnloMld.— Gen. m.,5s, 1936 -M A N 82 a. 80 June SOiaFebu
do
stamped guar. M A M 88 a. 83 Jan. 90 Feb.
96>aM*y 102 Feb.
1939;M A N 97 <a
WaIiB8h-l8t,5g
70 Feb. 7719 Jan.
2d mortgage, 9 g
1939. |F A A 74
35>aApr
27 M^y
33Hb.
series
1939
J
A
Debent. M.,
B
2361 J A
101>a 100 Jan. 103 Jan.
WestShore—Guar.. 4s
101
FebL
93i«b.
Jan.
96
A
APa.-let,5g.l937
J
West. N. Y.
28 lab. 271a June 35 Tg Feb.
1927 A A
2dmort., 3g.,5sc
Apr.
100%
IOOI4
Jan.
98
J
1938
J
A
'West. Un. Tef.-Col. tr., 5s.
Wis. Cent. Co.— Ist. 5 g
1937 J A j; 91 b. 91 May 97 Jan.
45
Jaa.
34
Jan.
.*..
•<
38
».
..'."iil937
Incomei5g
AN
99
104
.
Indicates price bid: " a" price atlud; the
Mar.
Jan.
Jan.
Jan.
lOOisMay
18991M& N;i03%a. 103 June
8d,68
118 June
N 119
Mich. Cent.— l8t, con., 78. .1902
Consol., 58
1902 M A N 107»«b. 107 Mar.
117 June
Mil. Lake8h.&W.—lst,6g. 1921 M A N'i18
98 Jan.
Exten. & Imp., 5 g
1929 F & A 99
74% Jan.
1990 J & D 75»9
M. K,&T.— Ist 48, g
1990!F A A 39
2d 48,g
361a Jan.
103 May
Mo. Paciflc— l8t, con.,6g.l920iM A N,105
112 May
nL...
3d,7s
1906
Pac. of Mo.— 1st, ex.,4g.l938fF A A 94 b. 9t June
1891 J A J 10338b 90 13 Jan.
2dmort., 78
b. 112
Jan.
J & D 11
Mobile A Ohio— New, 6 g. 19:
63 Jan.
General mortgage, 48... 1938 M & 8; 65
lOOUb.ilOO May
Mutual Union Tel.—6 g. ... 19 1
Nash. Ch. A St.L.— 1st, 78.1913 J A J, 127 b.,125 Jan.
;i928'a AO*!l03'ab.ll03 June
Con., 5 g.
MA
I
961a Feb.
32 "4 Feb.
117
8'loe>4b.|104>a
2d
3d
38 May
119i3Feb.
83 Feb.
1
100% May 10'J^ Mar.
kllVaia Juna ia7>4Apr.
June 110 Jaau
S
llHSMay 123 Mar.
O 89% 89% June 9Si«Jaa.
J *1U b. Ill
J»n. ll.%
Apr.
J 127 , 127% Jan. I33 Jaa.
108
108
b.
Fell.
lu9%JaM
A
8*135 a 133 Jan. 137% reb.
D 103*«b. 103 June 107>«Apr.
O 117 b. 119 J»<.. llHi«JnD«
D 90%b. 96 June I02''ii Apt.
H Ill>tb. 110 Mar. 115 Fek
90 June 97i« Apr.
D 90
J 97 b, 94 J«i.. 100l« Feb.
Ill
b.
limMay
>l5>«reb.
O
93 b, 88 Jnne lOOiaFeb.
II714
llflifl
113
J.i>.
J
Adt.
Ojlll b 109 May 114>4Mar.
D 108
ItVO^ Juno II314 Feb.
78 June ><.'>'sJ»n.
D' 79
103iab.'103
Feb.
Apr. 109
J 107 b.|105 J»n. .110 Mar.
112
110
J 11014b.
Hay
Fob.
J|110i,b. llOii Jnne 112
Mar
1)103
Mar.
102>a JnnelHO
""
55 J n.
63 Feb.
V 69
101
Jil3«
l8t pref. income. 5 g
pref. income, 5 g
pref. Income. 5 g
I
Feb.
82i.a
1001-2
N
.
103 May
119 Jan.
91i3.May
I
MA
.
I2714 Feb.
9913 Jan.
95
117
97
115
76
87
A*
J
.
Feb
86
A
M A
dc
A
.
loo Jan.
100 13 Jan.
32
J
J
J
In 1491.
*
*
A A
J A
J A
HAS
J A
J A
J A
J A
M A
J A J! .50 b. .50 Ju e 58i«Jaii.
90 Jan. 1031* Feb.
A D loo
Consol., 5g
1939
A O 65
65 June 74 Feb.
Ore.R.&Nav.Co.— I8t,6g.l909
107 >a Jan. 110 Mar
A JJlOS
•92
C0D80l..5g
92 JiD. 100% Mar.
1925
AD
H.
Pa. Co. —41a g., coupon
1921
A J 1041a 104 May 106 Jan.
Peo, Dec. A Evansv.—6 g. 1920
110
100
a.
Jan. 109 >• Mar
A J,
Evansvllle Dlv., 6 g.... 1920
A s'lOS a, 95 J.n. 103 Febu
74'9 Apr.
2d iuort..5g
66
1926
Jan.
A N; 68 b.
Peoria A East.—Cons., 48.1940
74 June 80 Feb.
* O 74
1*22
nconie, Is
16
1990 April.
June 22 Jan.
77 •« M»y
82 Feb.
Phlla. & Bead.—Gen., 4g.l958lJ A Jl 78%
105% Apr.
121
106
71
A *
General, 2d, uoup., 6 g..l933
Qenernl, 3d, ooup., 6 g. 1937
Conaol. mort,5g
1989
North. Pao. A Mon.—6 g. . 1938
North. Pao. Ter. Co.—6 g. 1933
OhIodtMiss.— Cons, s.f.,78. 1898
Consol., 7s
1898
Ohio Southern— Ist. 6 g...l92l
General mort.,4 g
1921
Om. &8t. I-— 4g., ex fd. op. 193?
Oregon Imp. Co.— 1st, 6 g. 1910
May 123 Jan.
97»s June 10213 Apr.
87 June 05 Jan.
84 May
88% Jan.
108=8 June linssApr.
llOiaApr. 121 Jan.
95 Jan. 100 Apr.
83>aJun.
921a Apr.
120 Jan. 1251a Feb.
110 Jan. 11214 Apr.
110 Jan. 114 Feb.
104 Jan. 10738 May
94'2 Apr.
98 Jan.
101 Jan. 103 Jan.
100 Mar. I0319 Apr.
83 >a June 87 Feb.
107 >« Jan. 112
Feb.
107 Jan. 112 Apr.
134 June 13934 Apr.
121 June 127% Feb.
114J«May 115 Feb.
105 Jan. 108 14 Feb.
109
MA
A
J
North.Pac- l8t.coup.,0g. 1021 J
120^1
1
Bait. A Ohio— Isi, 68,
88, gold
H.Y.I,.E.4W.— I8t,oon.,7g.l920
l.ong Dock, 78
1893
OonsoL.Og
1935
3doon8ol.,« K
1969
N. Y. Ont. A W.— l8t, e g. 1914
Consol. Ist, 5g
1939
N Y.Hurt.&W.— l8trof.,5g.l937
Midland of N. J., 6 g.... 1910
Norf. A W.— lOO-year, 5 g. 1990
Ma7
Jan.
7114 Feb.
73 Feb.
<fc
Bid.
Mar.
Mar.
114 Apr. 117% Mar.
94 >« May 100 >s Feb.
lie
SECURITIES.
. .
Fob.
Feb.
llOigMay 112% Mar.
. .
MOTB— "b"
. .
U2>t Jnne
104 June 107'«
9S>a Jan, 100
115 Jan. 118
120 May 123
107 Jan. Ill7g
108% June 113
OS's Mar.
99
105^ Mar. 108 "a
A DUO
1934 A A O 120 b.
Con»ol.,6g
General consol. l8t, 58..1937 M & n; 96 a.
Chic. C5a8 L. & C- 8t, 5 K. 1937 J & J| 90M)
& J'124'9
CWc.Mil. & St. P. —Con. 78. 1905
& J, nil b.
l8t, Southwest Dlv., 68.1909
& J 113
l8t, So.Mln. Dlv., (JR.... 1910
A Jll05%
l8t,Ch.&Pac W.Dlv., 58.1921
A J* 97 b.
Chic. <& Mo. Rlv. Dlv., 5s. 1926
A J 102 b.
Wis. & Miuil. Dlv., 5 K..1921
A lOlMb.
1914
Tenniual,5 g
84isa.
A
M..4g.,
.1989
Gen.
series A..
MUw.4 North.— M.L., 68. 1910 A
A
Dill
1913
I8t, con., 68
Chic. &N.W.—Consol., 79.. 1915 Q-F 134 b.
1902 J A D 122 b.
CouiH>u, irold, 7s
113 a.
1929 A<b
SinkinK fund. Os
Sinking fund,
1929 A A Ofl063i
Sinking fund dcben., 58.1933 M& N 103iaa. 103 May
1909 M<& N:102>3a. 1021a June
2.5-ycar tlebcnture, 5
1926 F & A 94 b. 94 May
Extension, 48
June
Chic. Pro. & St. Louis— 5 g. 1 928 M A S 90 b. 94
Chic. R.I. A Pac— 68, coup. 1917 J A J 120 b. 120 June
Jl
>4
J
&
95
Mar.
98>«b.
Extension nnd col. ,58... 1934
Feb.
Chic. St. L.&Pitt.-Cou.,5g. 1932 A & O 100 b. 100
J
II314
A d1h5%
June
Chic. St. P. M. & O.—6s. .1930
Cleveland & Canton— og.. 1917 J & J,*91 a. sola Apr.
D129 a. 129 Jan.
C. C. C. & I.— Consol., 7 g.l914 J
1934 J A JjllO b. 114 June
General consol., 6 g
A lOSiaa. 102 Jan.
Col. Coal i Iron—6 g
1900 F
62 Apr.
Col. Midland— Con., 4 g...l940 F & A
Col.H.Val.iTol.- Con.,5g.l931 M .& 8 80>sb. 79 June
82 Juno
1904 J & D
General, 6g
11438 June
Denver & Bio G.— 1st, 7 g.1900 M & M
1936iJ A J
79 Jan.
l6teon»ol.,4g
91 Jan.
Det B. City&Ah>ona—6g.l913|J A J
Det.Mac.&.M.— L'dgrants.1911 A & O 30 b. 29ia Jan.
Dnl. &Iron Range— 58. ...1937'A A O gSHia. 95 Jan.
Dul. So. Sh. & Atl.— 5g....l937;J A J,*96isa. 95 Jan.
96 May
E.Tenn.V &G.— Con., Sg.lOoOjM & N 98%
Knoxville & Ohio, 6 g...l925.J <» J,107ia 103 >4 Jan.
Apr.
Eliz. Lex. ABigSan.— 6g.l902iM & S 89 a. 88
99 June
Ft. W. &Denv. City—6g..l921|J A Di 99
Oal.H.&8anAn.-W.Dlv.l8t,5g.M & Nl 91'ab. 92 May
Han. & St. Jos.— Cons., 68.1911 M A S ll2^b. 10 Mar.
1952 A & O 94»ab. 93% May
Illinois Central—4 g
Int. &Gt. No.— Ist, 6g. ...19I9rM & NllO b. no's June
Coupon, 6 g., trust reo..l909iM A S; 65 b. 08 Mar.
80% ieu.
1938 J AD' 83
Iowa Central— 1st, 5 g
1987 J A J, 80 b. 78^2 Jan.
Kentacky Central—4 g
KlngsCo. EI.- Ist, 5 g....l925 J A J'lOO b. 97 "a Apr.
73 Ja
7112 June
Laclede Gas— l8t, 5 g
1919 Q— F
LakeErie&West.- 5g....]937 J A J 107%b. 1051a Jan.
L.Shore- Con.ep.,lst,7s.l900 J A J 121 b. 1201a Jan.
1903 J & D1II8 b. 121% June
Consol. coup., 2d, 78
110% Jan.
Longlsl'd— ist, con., 5g.. 1931 Q— J
General mortgage, 4 g.. 1938 J A D: 89 b. 88 June
Louis. A Nash.— Cons., 78.1898 A A O llO^b. 110% June
1930J A J116>ab. 114 Jan.
K.O. & Mob. l8t, 6 g
1930 J A J 108 b. 106 Mar.
do.
2d, 6g
1919 J A DlllHib. 111 June
E. H. & N. Ist, 6 g
Generul,6g
1930iJ A D112i»b. 1121a June
1931|M& N, 98i2b. 98 June
Collateral trust, 5 g
101 Mar.
Louis. N.A. &Ch.— l8t,68.1910 J <t J:109
84 Mar.
Consol., 6 g
1916:A A O 93
Jan.
Louis. St. L. ATexas— 6g.l917iF A A 80 a. 78
Metro. Elevated— Ist, 6 g.l908' J A J115>4 Ill's Jan.
Chic.
N.Y. C«ntral-Bxt«n<l.,ftH.IM93M A
lOoalj A
l«t,ooni>on,7M
Deben.,A«,ooup.. 1884..I9<J4 :.M A
N. Y. A Harlem— 7«, reg. 1000 M A
N. Y. Chlo. * Ht. L.—1 g. 1937 A *
N. Y. Elevated-?*
ieo« J *
N. Y. I^ck. <k W.— lit,6s..l»21 J *
CoD«tructlon, 5r
1D33 P *
80>a Apr.
Jan.
14 Jan.
75 Jan.
53
IMl.
Bid.
BONDS-JUNE
Bid.
BECUBITIES.
Ask.
97
9».
Burl. Ced.
Rap.A No.-(ConUn*d)-
A St. L.-lst, 7s. gu.. 1887
A West.— Ist, ts.... 1909
Bap. I. F. A N., 1st, 6S.1920
Mlnn.
102
98 >a
85
95
99%
Iowa
Ced.
Aik.
110
C.
Ist, 55.
in-"
C.Ohio- 5ol.ACln.M.lst.4«»8.l930
^nt. BB. A Bank.-Col. g.Ss.lM?
118>a
nils
Chat. RomeACol.—Otd.g.5s. 1937
Sov.A West.- lsteon.«td.8fcl9»
d2>9 g3>a
Oent of N. J.—OonT. deb.. 6a. 1909 115
85
87
99
81
9
IHjhi
li
CHRO:NlCLk
[Vol. LII.
NEW YORK STOCK EXCHANGE VRIC^S.-INACTIVE BONDS—fContinuedJ-JUNE
SECUBITIES.
Bid.
SECURITIES.
Ask.
Bid.
Ask.
Pla. Cen. & Pen.— 1st g. 53.... 1918
Ojutral Pacific— Gold bds, 68, 1895 107%
Ft. Worth & E. G.— 1st g., 53. .1928
1896 IO914
72%
Gold bonds, 68
T^al. Har. & San Ant.— 1st, 68.1910
93 100
Gold bonds, 6s
1897 llOig
Gal. H. & 8. A.— «a mort., 7s .1905
1900 106
93 100
Ban Joaquin Br., 6s
1931
1939
West. Div., 2d 6s
Mort. gold 58
99
Ga. So. & FJa.— 1st, g. 63
1927 60
Land grant, 5s. g
1900
Grand Rap. & Ind.— Gen. 5s. .1924
West. Paclflc— Bonds, 6s. . . .1899
85
Green B. W. &8t. P.-lst 6s.. 1911
No. Railway (Cal.)— Ist, 6S-1907
881s
23
SO.ycar 58
1938 99
2d income, all subs, paid
lllia Housatonic Cons, gold 5s.. ..1937
Ohes. & O.—Pnr. M. fund, 68.1898 110
1021s
N. Haven & Derby, Cou3.5s..l918
6s, gold, series A
1908 Ill's 116
H0U8. &T.
Clies. 0. & So. West.— 2d, 63. .1911
Waco & Is. 7s.. 1903 110
1937 '102 102 V
Chicago & Alton— 1st, 73
1st g., 58 (int. gtdi
1893 ids
1912
Bioking fund, 6s
Cons. g. 6s (int. gtd)
1903 119>4
981a
Gen. g. 48. (int. gtd)
1921
Liiuis. & Mo. Kiver— 1st, 78.1900 117
64
2d, 78
Debeut. 6s, prin. & int. gtd.1897
1900
80
Debeiit. 4s, prin. & int. gtd.1897
B;. L. Jacks. &
70
lst,78.1894 105 12 107
lat, guar. (564), 7s
Illinois Central— 1st, g., 4s ..1951
1894 IO5I2
102
92I4
Miss.R. Bridge— 1st, 8. f., 6S.1912 104
1951
1st, gold, 3ias
90
Oi.c. Burl. & Nor.-Deb. 6s. ..1896
Springf. Div.— Coup., 63.... 1898 103%
owe. Burling. & Q.— 58, 8. f.. 1901
Middle Div.— Reg., 58
1921 112
Iowa Div.— Sink, fund, 58. .1919 102
C. St. L. &N. O.—Ten. 1., 78.1897
Sinking fund, 4s
88
1919
1st, consol., 7s
1897
119
8OI2
Plain, 4s
1907
1921
2d, 63
97I2
Oaic. <fc Indiana Coal— 1st 58.1936
1951 105
Gold, 5s, coupon
Oii. Mil. & St.P.— l8t,8s,P.D.1898
118%
1951
Memp Div., Ist g. 4s
95
2d, 7 3-103, P.
1898 113 1141s
Dub. & S.
2d Div., 78 ...1894 103 la 107
1st, 7s, $ g., E. D
1902 121% 124
Ced. Falls & Minn.— 1st, 78. .1907
91
let. La Crosse Division, 78.1893 IIOI2 IIII4 Ind. D. & Spr.— 1st 78, ex. cp.l90e 100
1st,
M., 7a
1947
1897 111
Ind. Dec. & West.— M. 5s
1st,
D., 7s
1948
1899
2d M., inc. 58, trist rec
lst,C. &M., 7s
Inter, it Gt. Nor.-Coup. 6s. .1909
1903 1211a 125
1st, L & D. Extension, 78... 1908 I2312
Kanawha & Mich.— Mort. 48.1990
Ist, La C. & Dav., 5s
1919 102
lian. C.Wyan.&N.W.— Ist, 58.1938
1st, H. & D., 78
1910 119 1201s iL. Sh. & M. So.— C. P. &A.— 78.1892 lOlis
1st, H. & D., 5s
99
1910
Buff. & Er.— New bonds, 73.1898 112
114
Chicago A Paeiflc Div., 6s. .1910 114 116
1906 1271s
Det. M. &T.— lst,78
Mineral Point Div. 53
1910
Lake Shore— Div. bonds, 73.1899 114% 116%
C. & L. Sup. Div., 58
1921 100
Mahon'g Coal RR. -1st, 5s. 1934
Fargo & Soutli., 6s, Assn.. .1924
Kal. All. & G. R.— 1st gu. 5s.l938
Inc. conv. sink, fund, 5s
1916
103
LehighV.,N.Y.— I,stgu.g.4i29.1940
Dakota &Gt. Soutli., 5s
9612 1 tchf Car.& West.— 1st 6s. g. 1916
1916
98
O iic.&N.W.— 30 year deb. 58, 192]
1898
1021s 1 ,ong Island— 1st, 7s
Escanaba & L. 8. 1st, 68.... 1901 106ie
N. Y. & R'wav B.— lst,g. 58.192"
DesM. & Minn.— 1st, 78
192'
1907 121
2draortg., inc
40
Iowa Midland— 1st, 8s
1900 *124
Smithtown&Pt. Jeff.— lst,7s 1901
Peninsjila— 1st, conv., 78... 1898 115
Louis.Evan.s.&St. L.— Con.58.1939
85
86
Chic. & MilwaiAee— 1st, 78.1898
Louis. & Nash.— Cecil. Br, 78.1907
Win. & St. P.— 2d, 7s
1920 104
1907 "lio
Pensacola Division, 68
Mil. & Mad.— 1st, 68
1905 •111
St. Louis Division, 1st, 68.. .1921 *il2
Ott C. F. & St. P.-lst, 5s. .1909
3980
2d, 3s
65
Northern III.— 1st. 5s
1910
Nashv. & Decatur— Ist, 78. .1900
116%
O.E.I.&P.— D.M.&F.D.,l8t48.1905
1910 101
72
S. f.,6s.— 8. & N. Ala
.
—
C—
CWc—
.
lom
'
C—
D
L&
L&
SECURITIES.
Ohio
'
.i
1st, 212S
50
76
03
1905
1905
Keokuk & Des M.— ist, 58.. 1923
Ohic. St. P & Kan. City-58..1936
Minn- & N. W.-lst, g., 5s.. 1934
Extension, 4s
.
1924
1937
1940
Unified, gold, 48
Pens. & At.- Ist, 68, gold... 1921
Nash. Flor. & 8. 1st gu. 58., 1937
Lou.N.Alh.&Ch.— Gen.m.g.58.194C
1040, gold, 63
50 year 5s, g.,
P.&Minn.— lst,68...1918 1171a 119
Paul &8. C.-lst, 6s
1919 II8I4 1191a Lou. N. O. & Tex.— Ist, ts....l934
& W. Ind.— 1st, s. f., 63.1919
1934
2d mort., 5s
General mortgage, 68
1932
199t
Manhattan Ry.— Cons. 4s
Om Ham. & D.— Con. s. f., 8.1905
Memphis & Charl.— 6s, gold.. 1924
2d. gold, 4i2S
1915
1937
1st con. Teun lien, 78
can. L St. L.& Chic— lst,g.,4s.l936
93
Mexican National— l3t, g., 68.1927
Con80l,6s
1920
1917
2d, income, 6s, "A"
Cin. Jack. & Mac.-lst. g., 5s. 1936
191'
65
2d, income, 6s, "B"
* CoL-EcL. & 2d 6s. 1930 95
190r
Michigan Central— 68
S^^Ju^h
O.C.C. & St. L., Cairo div.— 48, 1939
193
88
Coupon, 5s
St.Lou.Div.— lstcol.t8't4s,g.l940
194(
83
Mortgage 48
Spnng^&Col.Div.- lst,g. 48. 1940
1891
Jack. Lan. & Sag.— 68
WhiteW.Val.Div.-lst,g.48. 1940
MU. L. S.ifeW.— ':onv. deb., 58.190';
Cm;^?P-'^Cl -Con.lst,g.58, 1928
192J
Mich. Div., 1st, 6s
Ol.Col. Cm. & Ind.— 1st, 7s,8.f.l899 112
Ashland Division— 1st, 6s ..192f
Consol. sink, fund, 7s
1914
Incomes
Cleve. & Mah. V.— Gold, .5s. "1938
110
Minn.& St. L.— Ist, g. 78......192-Colorado Midland— 1st, g., 6s.l936
Iowa Extension, 1st, 78
190i
l/Olumbia & Green.— ist, 6s
1916
1891
2dinortg., 7s
2d, 68
1926
191(
Southwest Ext.— Ist, 78
Ddl. Lack. & W.— Con vert." 7s, 1892
Pacific Ext.— l3t, 68
1921
Mortgage 78
192'.
1907 134
Impr. & equipment, 6s
Syra. Bfug. & N. Y.— ist, 73.1906
130
Minn. & Pac— 1st mortg., 53.1931
Morns & Essex— 1st, 78.. ..1914 134 137% Minu.S.Ste.M. &Atl.— lst.58.192t
2d, 78
1891 103 103ifc Minn.St.P.&S.S.M— lstc.g.4s.l93f
Bonds, 73
!'.!!!!!l900
Mo.K.&T.— K.C.&P., Ist,43,g.l99(
7801 1871
1901 121 121
Dal. & Waco— 1st, 58,gu....l94(
''»
1915 130 134
Missouri Paclflc—Trust 5s... 1917
11,1
I
'u''^-^*"'"'-'
*IM. & Hud. Can.— let, ex. 7s. 1891 1011.1
192(
l8tcoU.,58, g
Coupon, 78
1894 IO8I4 109
St.L.&I. M.-Ark.Br.,lst,7.s.l895
7s
192';
1917
1st
ext.,
143
Ohio—
6s...
V Mobile &
K^l""-'.'^^'^-'
Albany & Susq.-lst,gu.,78.1906 127
1931
St. L. & Cairo—4s, guar
1271s
1st, cons., guar., 6s
1906 118 121
T.—
0s....l92t
1st,
Morgan's La. &
Kens. & Sar.— 1st, coup., 7s.l921
I44ii
lOlf
1st, 73
Cable- 1st, 08.. .1908 97 101
Nash. Chat. & St. L.— 2d, 6s. .1901
^.n^^S& *i>fy
Deny.
E. G.— Imp., g., 5s
1928
73
78
New Orleans & Gulf- Ist, 6s .192(
^\^ Ga.^rtt 78.::i95o 1131s 111 N. O. &. No. E.— Pr. 1., g., 6s..l91i^•n^e?t
Divisional 5s
1930 lOo
190c
N. Y. Cent.—Deb. g. 4s
'85'
N. J. June— Guar. 1st, 4s. ..1981
K^ T^• ^°"'' 58 •-•".;;:.'a937
1938
{;?,•* 1™P-..S-. 5s
Creek—
1st, gold, 43..193t
85
Beech
Mobile & Binn.-lst, g.,58..1937
N. Y. N. H. &H.— Ist,reg.4s.l90t
Alabama Ccntral-lat 68. 1918
i'l'e'
N. Y. & Northern- 1st, g., 58.1927
Erie-l8t, extended, 78...
1897 1121s 115
1927
2d, 43
2d, extended, 58...
Igiq 112
N. Y. Susq. & West.— 2d, 4ias.l937
3d, extended, 4'o8.
iq9? 106 H, i'o'7is
Gen. mort., 5s, g
1940
4th, extended, 58...:!
Jg^o 110
North'n PaciUc—lJivid'd scrip ext
5th, extended, 48.
1928 100 101
JamcsRiver VaL— 1st, 6s...l93t
1st, cons., td. coup.,
78V.""l920
13214
Spokane & Pal.— l.st, 63
193fc
Eeorg Ist lien 6s
19O8 104 107
St.Paul & N. P.— Gen., 6s. .1923
&E.-l8t, 78
1916
5-S-/Helena&EedM'n—
lst,g., 6s 1 937
N. Y L E. & W.-Col. tr.,68 1922
DuluthifcManitoba- l8t,g.63l 93(
funded coup., 5s
1969
Dul.&Man Dak.Div.— Iat6s.l937
90
'1977
1^ Income, 6s
d' Alene— 1st, 68, gold 191
Cceur
Buff. & S. W.-Mortg.6e::;.1908
193.Gen. 1st, g., 6s
Jefferson— 1st, gu. B. 5s
loon
10312
Ceut.Washingtonlst,g.,68.193tChicago & Eri'eflstfk ,4-5"8:i9&2
38
Chic. &Nor. Pac.— 1st g. 53.194t
Income, 5s...
1982
Seattle US.&East.- lst,6s,g. 1911
N.Y.L.E &W.CoaI&ER:"68'.1922 26
Norfolk & West— General, 63 1931
T.H.-l8t,con8.,68. .1921
New Eivor,lst, 63
IIS^^B
193i
^M,"
v*
Jttt. Vernon— l8t 68
1923 109
Imp. & Ext., 68
1934
g., 58."l930
92
Adiustment M., 7s
1924
vS^L^f ^i^.^ch-lst, 00ns.
.1926
Equipment, 58
¥»^?*t-t'S''"'°--;l»''
190b
Flint & P. Marq.— Mort., 63.
1920 117 119
Clinch Val. IstSs
1957
1st con. gold, 58....
1939
Scioto Val. & N. E.— l8t,4s..l99('
100
Port Huion- let. 5b
" .1939
97I9 Ogd. & Lake Ch.— Istcon. 6.s..l92(
Burst to' Mo price Friday; these are the
latest quotations made thla
Chlc.St.
St..
Ohio.
'
115
114
Pitts. Ft.
.
.
-week.
W. &
C— 1st, 7s... 1912
142%
1912
2d, 73
1912
3d, 7s
Clev. & P.— Cons., 8. fd., 7s. 1900
6s.l802
4th,sink.fund,
St. L. V. & T. H.— Ist, 6s., 78.1897
1898
2d, 7s
1898
2d, guar., 78
130
135
117%
111% 113>«
105%
107=8
Peo.&E.-Ind.B.&W.-lst,pl'.7s.l900 '1151a
Ohio Ind.&W.— I3tpref.5s..l938
Peoria & Pek. Union- 1st, 6s .1921 110%
60
1921
2d mortg., 4%s
Phila.
& Read.— 3d pref.
Pitts.C.C&St.L.— Con.g.4%sA1940
Pitts. Cleve. & Tol.— 1st, 63.. .1922
Pitts. & L. Er.— 2d g. 58, "A" . 1 928
1932 115
Pitts. Mc. K. & Y.— l3t 6s
Pitts. Palnsv. & F.— Ist, 5s. ..1910
Presc't & Ariz. Cent. 1st, 6s,g.l91C
1916
2d income, 6s
Rich.
& Dan v.— Debenture 6a 1 927
Atl.
97
lOO"
.
Equip. M.
67
convert
1909
189
Income, 68.... 1900
8. f., g.,
& Char.— 1st,
do.
5s
pref., 78..
33
Rio Gr. Junct,l8t,guar.,g..5s.l938
Eome Wat & Og.— Ist M., 78.1891
1925
St Jos. & Gr. Is.- 2dinc
Kan. C. & Omaha— l8t, 5s. .1027
iuo.7s.l804
T.H—
2d
m.
St L. A. &
100%
. . .
—
1
90»
80
101
1907
189f
Atch. Col. & Pac— 1st, 68...190f
Atch. J. Co. & W.-lst 6s. lOOf
U. P. Lin. & CoL— 1st g., 5s. 191SOreg.S.L.&U.N.,col.trst,5a.l91!
190^
Utah & North.- 1st 7s
1921
Gold,53
Utah Southern— Gen., 78 ..100:
1901
Exten., 1st, 7s
Valley R'y Co. of O.— Con. 6s.l92i
Wabash—Deb. M., series "A". 193!
189;
No. Missouri— 1st, 7s
86
W
. .
103
95
51
95
92
52
74
8tL.K.C.&N.— R.E.&RR.78.189;
St.Charles Br'ge— l8t,6s. 190^
. .
94
80
•
1021s
82
107 H lllii
*il8
107% 110
West. Va. C.
&
98
'
70
70
82
102%
100
UOI4
105
102
Pitts.— Ist, 6s. 1913
106
93%
94
.
Col.
191!
& Hock. Coal&L— 6a,g..l91'.
106
Consol'u Coal— Convert. 6s.. .1807
Cons. GasCo.,Chic-lstgu.5s.l03(
Denv. C.WatWks.— Gen.g. 58.101(
DetUn.Depot&Stn— lstg.4a.l93b
Edison Elec. III. Co.— Ist 53.1»lt
lOOt
Equitable G. &F.— IstOs
Henderson Bridge— lat g. 6s. 1931
tfatiou'l Starch Mfg.— Ist 68,1921
00
N.Y. & Perry C & I.— 1st, g. 68,192t
North weslera Telegraph— 7o, 1904
People's Gas & Coke ) latg.63,100-j
100
Co., Chicago
J 2d g. 68,190,'
191! 100
106% Peoria Water Co.— 68. g
98%
*iOO
105
50
70
160
104
100
1>
80
118
105
108
55
103% Pleaa. Valley Coal— lat g. 6s. 1920
Proctor& Gamble— let g., 63. 194C 101
105
West Union Tel.—7s... iS75-100< 107
Vulisted BoudH.
102%
90
80% Ala.&Vicks.-Conaol.5g.,1021.A&C
70
99% 2d M., income till '94, 1921. .A&t
A&C
1021.
96
Vicks. & Merid.,1 at 6s,
Atlanta
& Charl.- Ist 7s,1007.J&J 118
Georgia
Pac— l8t
ComstockTun.- Incls, 1919.M&S
03
73
6s,
1922....J&J
A&O
Cou3ol. 5 g., 1923
53
B.&Mcm.- Ist 5g.l937.MiS:E
Mem.*Charl.- Cons.7g..l915..I&J
Income
74%
Little
72%
101
Wheel.&L.E.— 1st. 58, gold...l92(
193t
Extension & Imp, g., 5s
mscellaneuus HoiKts.
Amer. Cot Oil Deb., g., 8s. .190(
Amer. Water Works— 1st 6s.. 190".
1907
Ist cons. 53, g
Cahaba Coal Mm.— 1st g. 7s. .190'.
Ohic Jun.&S. Yds.— Col.tg,58,191i
Colorado Fuel— Gen. Os
97%
.
.
100
87
Oreg. Ey &Nav.— Col. tr. g..5s.l919
Peun.RR.-P.C.&S.L.-l8t,c.,7s.l900
Collateral Trust, 63
Collateral Trust, 5s
C. Br. U. P.— F. c, 78
•
. .
114
General 5s
1932
Ohio River RR.— 1 3t, 5s
1 936
OhioEiv.— Gen; mort., g., 58.1037
105
55
1894
Dividend bonds
109
8s...i896
Bellev. & So. lU.— 1st
IIOI3
1923
Bellev. & Car.— 1st 6s
102%
Chi.StL.&Pad.— I3tgd.g.5sl917
84
St Louis So.— 1st, gd. g. 4s. 1931
77
1931
5s.
2d income,
do
77
1932
Car. & Shawt.— l8t g. 43.
St Lou & S.Fran.— Equip., 78,1895 100
1931
General 5s
92 14
1987
1st, trust, gold, 5s
Kan. aty & S.— 1st 6s, g...l916
95"
92
Ft. 8. & V. B. Bg.— Ist, 6s. -.1910
St Paul & Duluth— I3t,5s....l93]
1917 i'cii' 103""
2d mortgage 5s
St. Paul Minn & M.— 1st, 7s.. 1909
1909 114%
2d mort, 6s
192i 112
Minneap. Union— 1st, Os
115
Mont Cen.— 1st, guar., 6s. .193/
1021a
102
East Minn., 1st div. Ist 5s. 190b
79% San Fran. & N. P.-lst g., 5s.l919
1931
100 101
South Carolina -2d, 08
So. Pac. Coast— 1st guar., 43. 1937
071a
Texas Central— Ist s. !•> 73. ..1901'
1911
95
Istmortgage, 78
Texas & New Orleans— 1 st,7s .1905
191^ i"o'2"'
Sabine Division, 1st, 6s
104
Tex. & Pac, E. Div.— 1st 6a. 190!; 104
112%
Third Avenue (N.Y).— 1st 5s, 1937 111
1917
84
83
94
97
ToL A. A. & Cad.—63
100
1 91t.
40
rol. A. A. & Mt PI.— 63
194(
"s's"
M.—
5s,
8
11
g
Tol. A A. &N.
189(
10;!%
115
122
Union Paciflc—lst 6s
1897 110%
110
1st 63
112
189t
102
1st 68
.
—
Ask.
Bid.
& Miss—2d
consol. 7s. ..1911
Spring. Div.— Ist 7s
190.')
I
.
86.
30
100
97ifl
90
OS
112
95
80
100
121%
34
IO6I4 107
64
66
16
18
69
Junk
THE CHRONICLE.
1891.)
27.
Inuestmcnt
971
Eamlngt
J.alfsl
Road*.
fvntlraad Itttelligjeute.
vrttkoriti)
0«). 8o. AFI«.. Mar
.
A Will March
A lMU..|'iH wk Juni
Cln.R.AFt. W
Oror«rxt'n
eeniiug the income, financial status, etc., of each Company.
It is published on the last Saturday of every other
month—
January, March, May, July, September and November,
and is furnished ufithout extra charge to all regular subKribers of the Cheonicle. Sxtra copies are sold to subterihe.rs of the CUHONICLE at 50 cents each, and
to others it
$1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chkoniclb, are published on the
third
Saturday of each month.
viz.,
Ur. Kap.
Other
lliieit.
JUixtrltd.
1
Jan.
1
lo IxUttl
IMO.
DaU.
u»o
•
aMrEi*Ra....iAnrll
Vie Investors' Supplement, a pamphlet
of 150 page*,
eontains extended tables of the Stocks and Bondn
of Railroads, and other Companies, with remarks and statistics
cm-
ISOl.
.
ll«.<>2^
flO.Ofl.l
3.a83
51,310
9,8431
4,
Total all llnea
Oraort Trunk. ..
Ohlc AGr.Tr.
I
17
371
AM
Oet.Gr.H
Great .Vorth'n Bf. P. M. A M
10,67*
4t3,4ii
May
K«at. of Minn.,.....,
May
Montana Cent. May
Tot. oyatcm. Mav
Gulf AChlcajfO. May
Houdutonic
Aim
HiinifiKt'nAwhnii .Ma
ay.
.
HutcL AHoiilb'n ApriL
lUlnolMOntr'la.
Mil
ay.
Ind.lJoc.Atiiiln
May.
AGt.Norlh'n May.
(Central... 3d wkJune
Iron Railway
May
In.
Iowa
Juc.k'v.SdUth'fn 'idwk juii.'
rk'nv.T.AK.W.lMay
RAILROAD EARNINGS.
Latest
Roads.
Eamingt
Week or Xo
to
Latest Date.
1891.
1890
Vai.. April
Atcli.T..<iS. Fe.. •-'d wkjiinc
2dwk.Iiine|
Total nvsteiu. -'dwkjuue;
8t L. &S:lnF.. 'id WK Juno
Halfownrd.. 'idwk.Iunc
L.
A
Erie
LehlKh
I
L.
3.5.841
Uegbeny
...
Jan. 1
1890.
*
Alabama Midra. Mnr
Half owned
Reported.
1891.
KanawhaAMlchl'idw'k jiVrie
5"J'A<'!-.*8P 'id WkJune
K.C.F.P.AMeni. 2d WkJune
K.C.Mem. ABIr. 2d wk.lune
Keokuk .b West 'id WkJune
L. Erie All. A8o May.
19.5.7i3
2'i2!i'87l
600,(i,-)l
558.913
36.786
037,437
118,172
30,220
153,100
702.537
32.75'.
;l
I
767,205'
757,719
3,402,049 13,144,089
74.5,2iO
740,(H)5
Rock
West..
M wkJune
A Hud.. May
A Mem i'2d wk'june
Loni; Island
l.oula.it.Mo.Uiv.
Lmis.Ev.A.St.L.
Louiav.ctNa.'(hv.
591,065,14,147,873 13,884,091
113,773 2.737.2441 2,015.778 Louls.N.AACU,
Loulsv.N.O. AT,
32,029
729,909,
723,'i08
Tot..S.L.ife.S.F. vidwkjuuc
Lou.et.L.ATex.
11.1,801 3.467.2121 3,341,043
AiTR. total .. 2d wk Juno
737,466 17,015,087 17,'i25,137 lA-nehii.v<:l)ur'u)
Atlanta Sl CUar February
ueniphisACha/)
15i>,932
164.068
327.1671
329,004
7S<{.M8
Atlanta & I'lor'a May
5,634
7.186
42,441
43.602 (Mexican Cent...
3.077,788
Atlanta A W.Pi. May
28,924
28,213
189..523
187.471 JMex. National .
1,721.167
B.AO.KastLiuea May
jMexlcan
R'war
1,471,813 1,530,497 7.128,853 7.385,991
1.667.231
WestHin Lines May
453,584 493,3'i4 2,197,200 2.320,193 MII.L.Sh. A West
1.648,143
Total
1,925.42^ 2,024,021 9.320.033 9,600, 18d Milwaukee A No
«ay
Bil.AO.Southw .^dwkjune
41,077
39.078 1,048,791 1.045,284 Mineral Rani;e.
Bait. * Potomac .May
153,083 153,823
694,42"
683,045 MInneap. A.st.L
551.098
Bir. & Atlantic. May
4,700
6.698
23,492
812.652
32,720 M.St.P. A8.,8.M
Bir.Sh.&Teun.R .Vpril
11,294
15,515
50,391
3,407.814
64,003 Ho. Kan. A Tex
Blshopsvillo
Kan. C. A Pac
M.arch
2.314
1,477
0,883
125,S45
4,312
Blaokv. Als.&N. Marcli
Total Syst'ui
2,778
2,300
11.297
3.533.0eO
10,030
Bttff.Rooh.APitt 3d wk June
53,358
40,318 1,248,893
106.004
916.152 Mobile A Biriu..
Bur.C.Rap.*N. IstwkJ'ne
G).802
50,013 1,101,053 1,247,599 Mobile A Ohio..
1.337.L>83
Camrten .t Atl. .\pril
51,520
51,314
172.898
126.069
168.244 MontereyAM.G
Canada -Vtlantlc May
Mash.Cli. A8t.L.
43,453
49.142
1,434,277
Canadian Pacltli- ;idwkJunc 372,000 328,000 8.533.00;{ 6.908.173 N. Jersey A N.Y.
73,896
Cp.F'rAYad.Val 1 wk June
9.820
9.791
203.939
63.863
231.565 NewOrl. AGulr
Car.f'um.G&Cli. -March....
3,834
2.310
11.341
14.724,538
7.349 N. Y. C.A H.R.fi
Cen.KK.iBit.Co April
620,023 552.502 2.923,954 2,781,102 K. Y. L. E. A W
8,800,517
Central of N. J.. April
1,054,950 1,079,709 4,106.775 3,701,992 N. Y. Pa. A Ohio
2,31-2.003
Central Paeiflc. April
1,340,293 1,301.014 4,794,084 4,144.213 K.Y.AN.EnK..
1,767.831
Central of 8.C.. Marcli. . .
9,798
11.639
31,059
221.021
37.170 N. Y. ANonli'n.
Ohar.C'ln. AChIc March
1 3,362
12.521
40,474
966.115
32,787 N. Y.Onl. A W..
Oharlest'nASav .May
61,591
56.553
369,870
859.707
328,060 N.Y. 8u8q.A W.,
Char.Snm.&No. .March...
9,225
5.011
30,605
3,767,009
15,744 NorfolkAWe.stfj
Chatl'uVaUni*u May
9,000
10.904
230,445
39,564
43,394 (Ttheaeit'nlS. C.I
Cheraw. & Dan. iVpril
6,464
5.808
41,394
2.708.092
34,794 North'u Central,
Cheraw.A.Sallsb March.
2,617
2,445
9.235
9.397.786
7,838 Northern PaclUc
Ohee. AOhlo.... Hd wk June 153,882 130.855 3,784.242 3,422,471 Ohio A Miss
1.823.239
Ohes. O. & S.
May
165,596 156,773
£0.494
902.9581
778,460 Ohio ANorthw..
Cues. &. Lenoir February,
Col. A Maysv,
6,317
6.626
3,502
13,192
12,787
Chic. Burl. & Q. April
2,484.668 2,742,084 9.541,681 11,209.030 Ohio River
261,061
Ohlc.AEast. lU. 'id wk June
69,382
56,918 1,565,850 1,327.203 Ohio Southern..
216,794
Cliicaso & Erie. April
208,787 258,895
83.387
816.411
930.il73 ObloVal. otKy.
Ohlc.Mil.&St.P. r-id wk June 489,249 450.425 11,660,774 11,000.323 Omaha A St. L..
199.173
Ohio. AN'tUWn. May
2.131.002 2.299.654 9,784.761 10,029.292 Oropon Imp. Co.
983,870
Chlc.Peo.&.St.L. February.
53.068
99.632
26.786.807
30,273
02.117 Pennsylvania ..
Chlc.Rockl.&p, -May
1,281,798 1,465,01
340.873
6.231,273 6.828,800 Peoria Dec. AE v.
Ohlc.St.r.AK.O. dwkjune
81,533
188.454
78,910 1,818,603 1,885,331 Petoraburir
01ilc.8t.P.M.&0. April
570.650 538,075 2,064.043 2,007,773 Phi la. A Erie...
1.484,839
Ohio. AW. Mich. 3il\vkJune
A
Read'K
Phlla.
31.923
7,794.440
29.384
740,163
698.213
Cln. Day.ilron. April
Coal AlronCo. May
11,523,333
48.067
42,108
6,190,897
Cln.Ga. APortn. May
Total both Cos. M«y
:3,302,555
5.620
5.661
13,936,036
24.060
22,424
Cln.JackAMac. 2dwk.Tune
2,858
15.003
12.062
13.749
318,865
274,034 Pitts. Mar. A CU. -Miiy
Cln.N. O. AT.P. dwkJune
Pitt.Shen.AL.E. April
80,20<i 1,851,903 1,916,004
22,017
77.838
72,709
Ala. Gt. .South. •id wk June
108,509
30,311
823,03"
453.87S
34.622
849,323 E»ittab. A West'u April
N. Orl. A N. E. 'id wk June
Pitt.'i.Clov. AT. April,
28.938
\b*..C'
19,705
21.160
492,220
570,873
Ala. A Vick»b. 2ilwkJuiie
PltU.Pain.AF. April,
8.506
78.81
7.257
268,163
293,732
Vlcks. 8h. A P. "id wk June
Total
systeu)
3(1
wkJune
6,738
8.007
253,813
\,0\0.T
210,884
Erlan^er Syst. id wk .June 137,989 151.312 3,691,138 3,877,478 Pltt.YounK.AA. .Mav
835,f
Clnn.Northw'n. May
130,7
1,728
1,733
8,269
7,773 Pt.Royal AAUK. Apiil
Oin.Wab.A.VIicU May
148.9
57,300
50,352
249,745
229,195 Pt.Roy.AW.Car.April
Olev.Akrou&Col idwkJune
0,uiney(),&K,C,
-May
94.407
18,050
16,932
395,690
361,189
Clev. A Canton. .lApril
54.506
2.348.900
41,9.35
176,421
147,241 Rlch.ADanvllle, May
01.Cin.Ch.A8.L.J2dwkJuue 230.080 269,767 5,00'i.412 5,080,237
Vlr. Midlaud.-iMay
863.600
_Peo. & Eiwfu.j'idwkJuue
Char.Col.AAu.iMay
386.190
23,881
23,408
639.035
663.901
Clev. A .Marietta May.
143..-)07
CoL AGreenv. May
307,758
28,218
29.627
114,322
Color. Midland.. 2d wk June
West. No. Car.;May
3«S,3M
38,226
8il8,484
41,306
820.362
Col.H. V. ATol. May
Qeorf^ia Pac . May
732,4g
229.481 258,902 1,096,397 1,065,033
Col.ShawnceAU May
Wash.O.A W.. May
48,7»S
43,702
24,418
187.514
98,317
Colusa A Lake.. May
53,637
Ashv.
A Spart. -May
1,993
1,948
Covin. & -Macon. April
5.6.'>9.07i
"Total Sy.s'm, 'id wkJune
10.253
8,146
46,540
46,308
Deny. A Rio Gr. 3d wk June 163.000 174,500 3,596,991 3,611,306 Rich. A Peters!), April
113.141
Des Moin. A No. May.
11.844
11.447
45,977
39,012 Rio Ur'dc South 3(1 wk. June
DesM. A .V'weslMay
Woai..;3d
WkJune
3'i.750
703.874
16,971
17.603
79.9'iO
80,758 Rio Or.
I>et.Bay C.AAlp 2d wkJune
307.486
1,551.642
9,613
12.031
218.097
249,932 Rome W. A Osd.'.May
Det.Laiis'KA>o 3d wk June
32.904
7,487
22.322
22.192
520,808
525,883 Sait.TuscolaAII.May
DnluthH.S.AAtl 4thwkApr.
23,0 »»i
328,3M
38,055
89,728
486,490
497.631 8».l,.A.AT.H.IVs'2dwkJunel
£a8t Loiii.iiana. Fehniary.
61,272
1.634,343
6.600
6,466
17,100
16,198 St.L.8outhw'ru. 3dwkJune{
E.TenD. Va. AGa. .March
524,643 534.459 1.670,177 1,661,586 8t.Paul ADuI'tbMay
126,040,
50SJ67
104,709'
Kuoxv.AObio .March....
63.272
569,87 S
49,501
189,647,
149.639 8.Ant.A.Vr.Pa««, 3 wks May!
Total sy.stem. Mav
18,804,
497,661 592,244 2,907.70 1 2,942,230 i.Fnn.AN.Pao, UtwkJ'ue
369.MB
SlKin Jol.AEast.. Apiil
25,008
52,763,
49,957
206.935
184.281 8aT.Am.AMun. May
I!lJz.Lex.AB.8...|,\i.ril
13,158
146!WB
55,331
63.679
217..509;
230,919 Seattle L. 8. A E. IthwkMay,
Evau^.AInd'pUs 3(1 wk Juno'
:-^pril
6,390
6.4'i4
8,867
13,543
146.218
1'24,732 Sllvertoo
Eyanar. A T. H.:3ilwkJune
81,4'i5
20.987
19.855
503.382
453,001 810UX City A No. Aiiril,
Fltohburg
Vj.ril..
538.055 502,913 2,10l,'iO3i 2,116,'i06 South Carolina May.
92.899
611,588
Flint. A P. Mara. 2(1 WkJune
52,517
5.3,957 1,340,462 1,406,017
So. Paclilc Co.—
Florence
March
5,660
Gal, Ilar.A.8.A. April,
301.664 1,334.901
6.418|
18,201|
15.423
Flor. Oent.A F. 'id WkJune
23,196
13.530
Louis'a Went. A|)ril.
292,694
86.804,
538.123
6«a.077l
Ft. W. A Rio «r. May
13,07li
14,.591
Uorgan'sLAT. April,
85,1 20i
48.339
434.023, 1,855.460 1.679.7S
Qa. Car'la aNo. March
l'i.021
7.072'
48.490
5l.52»
34,923'
W.Y.T.AMex. April.
16.16V
17.771
,
W
I
.
'
I
.
I
{
!
.
I
{
,
'
THE
972
LattMt Samitigt Reported.
Jan,
CHRONICLfc.
1 to Latest Date.
soAi>r,
WeekorXo
.
...
...
...
Texas & Pacific
Tex.B.Val&N.W.
T0I.A.A.&N. M
Tol. Col. ACin..
T0I.& Ohio Cent.
166,293
528,679
166,463
90,639
11,760
94,051
182,376
540,299
181,963
107,562
11,046
88,960
1,835
1,915
102,673
82,934
185,606
17,558
113,641
3.238
84,032
5,502
28,401
16,786
33,525
2,267
30.304
101,843
100.036
201.879
17,363
104,278
3,470
93,195
5.765
31.627
16,733
32.890
1,904
29,749
629,105
433,752
70,892
388.078
704,201
355,229
119,180
404,748
.
Tenn. Midland.. May.
3d wk June
May. ...
May. ...
3(1 wk June
3d wk June
Tol. P. & West.. 2d wk June
Tol.St.L.&K.C 3d wk June
Tol.&8o.Haveu. March.
Ulster* Del.... April. ..
Dnion Paciflc—
Or.S.L.&U.N. April.
Or.Ky.&N.Co. April.
.
.
StJo.&G'dlsl. April..
.
Un.Pac.D.&G. April...
AH oth. lines..
April..
Tot.U.P.Sys. April..
Cent.Br.&L.L. April. .
.
.
.
.
.
Man.Al.A Bur.
April. ..
Joint.own'd.'a April. ..
Grand total April..
.
CB'kYds.&T.Co
Vermont Valley
Wabash
Wab. Chest. &W.
May
3d wk June
West Jersey
April...
235,890
February.
March
Wash. 1=0 athem. May. ...
W.V.Cen.&Pltts, [May. ...
WestVir.&Pitts. April..
Western of Ala. May.
West.N. v. & Pa. 3d wk June
Wheellng&l,. E. 3d wk June
WU. Col. & Aug. March..
Wisconsin Cent. 3d wk June
Wriithtsv.&Ten. April. ..
.
.
571,369
2,016,036
649,738
341.195
37.936
331,342
5,188
508,566
372,784
881,348
78,046
2,949,428
17.008
419,372
623,38U
398,624
759,723
5,762
91,282
581,032
1,961,205
660,729
347,679
34.833
305,684
6.097
360,080
360,953
721,031
78,849
3,058,904
16,635
473,438
615,887
408,650
727,528
5.384
87,844
2,423, ,019
084,522
1,665, ,841
,007,278
231, 035
494,810
1,537, 503
.601,568
6,259, 337
,876,293
12,123, 736
,064,472
428.484
206, 403
12,330, 139 12 ,492,9.56
303, 338
270.098
1.717,040 ,964,371
3,238,867 1,547,729
91.241
60,012
3.298.879 1,638.970
46,984
80,460
2.092
3.127
9, 539
9,949
3.751
1.923
10,676
13, 238
26,931
42.238
145,361
163, 057
3,325,810 1,681,207 12,493, ,197 12,,638,317
.
Tot. cont'led April.
Montana Un.. April..
Leav.Top. & 8. April..
14,055
250.000
6,206
24,338
108,506
97,679
9,216
34,377
65,400
25,700
93,092
93,173
6.655
199.033
498, .924
15,137
66 ,710
231,500 5,703 ,8*5
15: ,699
5,365
23,096
121 ,141
103,881
385 ,469
455 ,120
75,406
8,094
33 ,990
227 765
36,234
74,600 1,555, 641
575,,358
22,786
89,705
299 ,097
110,376 2,190, 129
32 ,383
6,373
438.017
70,466
,787,989
14,209
114,257
370,068
314,901
26,625
218,878
Latest Gross Earnings by Weeks.—The
earnings in the foregoing table are separately
523,137
296,898
2, 208,187
29,807
latest
weekly
summed up
as
follows:
On
the 33 roads which have thus far reported for the 8d
of June there is a gain of 3"53 per cent in the aggregate
over the same roads last year.
week
1891.
Bait. & Ohio Southw
Buffalo Roch. & Plus...
Canadian Pacific
Chesapeake
<te
Ohio
& 8t. Pa ul..
& West Mich.
OUlca/io Mil.
Chicago
Denver & Rio Grand ^ ...
Detroit LansiiiK & No rth.
IvansvlUe & Indiana P...
Evans. A Torre Haul 0...
Iowa Central .
Loulsv. Evansv. & St L.
Louisville & Nashvill e...
Louisville N. 0. & Te (as.
Louisville St. L. &Tej:as.
Mexican Central
.
Milwaukee L. Sh. & W est.
Milwaukee <K Northern..
New York Out. & West.
Honhern
Pacilic
Peoria Decatur AEvansv.
Pittsburg & Western
Kio Grande Western
St. Louis South weotern..
Texas & Paciho
Toledo Col. & Cinn
Toledo & Ohio Central.
Toledo St. L. & Kan.City.
.
Wabash
Western N. Y. & Penn..
Wheeling & Lake Erie...
Wisconsin Central
Total (33 roads)
$
41.077
53.358
372,000
153,882
489,249
31,923
163,000
22.322
6,424
20,987
34,357
27,36l>
350,545
52.337
7.168
120,037
77,400
36,051
61,018
143,149
422.697
15.143
51,478
51,000
62,479
113,641
5,502
28,401
33,525
250,000
65,400
25,700
93,173
3,481,792
1890.
$
39.078
46,318
328,000
139,855
450,425
29,384
174,500
22.192
5.867
19,855
31,919
22.989
348,095
44,062
I>ierea$e.
Decrease
S
$
"7,6ro
41,923
3,226
9,200
'i7,2'0'3
106,521
The final statement for the 2d week of June covers 81 roads
and shows l'5o per cent gain.
2d week of June.
1891.
1890.
Increase.
Decrease.
$
Prev'ly report'd 34roads)
Atoh. Top. & S. F. system
1
Roads j'tly owned *«.
Bt. Louts & San Fran.
Roads j'tly owned HBait. & Ohio Southw
Cape Fear & Yadktn Val.
CSucago A Grand Trunk.
Chicago St. P. A Kan. C.
.
3.612,546
3,514,513
558,913
32,753
113.773
36,229
32.029
43,015
39.078
9.830,
9,791
61,328
69,094
84,583
78,910
6t)0,6jl
36,786;
118,872,
221,700
41,738
4,034
5,099
4,200
Total (84 roads)
Vat Increase (1 55
6,391,208
Iiurease.
Deereass.
123,697
7,766
25,468,
2,405
i3',3'23
1,098
"'3,08"6
41,306
12.031
19,678
22,411
55,957
948
18,530|
4,666
51,316
9,813
4,447
6,169
9,069
77,511
17,705
6,731
33,6'8'7
'"413
2,418
"4'5
3,410
""6,555
2,764
""i'2'6
'60
4,221
435
2,076
43
57,1081
8,629'
""""789
1,273
350.340
52,772
145.160
4,042;
5.777
4,755
84,590
14,660
236,675
23.019
16,733
740
6.293,425
I
'i9,9¥5
2,696
1,492
344
1,220
14,530
2,041
53
323,314
97,783
235,531
—
Net Earnings Monthly to Latest Dates. The table following shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of June 20.
The next will appear in the
issue of July 18.
.
Bait.
Roads.
A Potomac.... May.
Jan. 1 to
May
31...
A Tenn. R.Apr.
Jan. 1 to Apr. 30...
Chesapeake A Ohio. May.
Jan. 1 to May 31...
July 1 to May 31...
Cin.N.O. ATex.Pac. May.
Jan. 1 to May 31...
Bir.Sheff.
July 1 to May 31...
Ala. Gt. South'n..May.
Jan. 1 to May 31...
July 1 to May 31...
Colorado Fuel Co... Apr
Jan. 1 to Apr. 30
July 1 to Apr. 30
B. Tenn. Va. AGa...May
Jan. 1 to May 31...
July 1 to May 31...
May
May
31...
31...
July
Mem. A
1 to
May
May
31...
31...
Charleston. May.
May
May
31...
31...
May 31...
A Wesfn.May.
1
to .May 31...
Qross Earnings.
1891.
1890.
S
153,083
694.427
14,294
56,391
720,825
3,334,630
7,446,247
332.022
1,707,997
4,035,739
150,308
763,108
1,798,533
,
$
Net Earnings.
1891.
1890.
$
.
)»
153,825
42,937
36,231
685,645
185.313
153,895
15,515
5,015
3,606
64,605
18,551
21,652
640,997
154,284
118,394
3,002,906
808,986
553,826
6,556,908 2,03.5,456 1,645,807
391,477
93,393
152,566
1,752,763
512,295
569,184
3,911,792 1,338,732 1,536,253
160,186
26,242
31,599
782,773
244,415
210,089
1,8j9,599
609,246
638,672
14,513
8,560
91,337
74,265
250,162
237,788
497,661
592,244
177,850
151,542
2,907,701 2,942,230 1,082.799
980,800
6,887,231 6,472,805 2,334,809 2,456,961
56,119
404.642
660,411
357,783
43,402
20,710 def. 1,079
195.251
319,107
96,144
592,845
240,856
127,075
425,787
87.551
134,446
1,886.386 1.990.982
482.470
553,142
4,358,027 4,577,626 1,206.526 1,452,698
110,721
143,031
12,245
35,818
651,630
736,908
157,913
186,527
1,638,744 1,655,362
490,775
542,103
353.770
319.678
97,256
75,276
318,155.
1,747,755 1,598,634
475,6^4
115,747
597,605
764,591
Jan. 1 to .May 31... 3,575,143
144,471
559.707
707,670
3,281,560
538.972
2,708,092
68,812
219.981
254,269
1,097,787
176,606
772,145
1,718,382
66.297
224.722
222,99&
999,330
134.832
757,884
1,882,947
519.359
2,598,785
Pennsylvania
May. 5,385,252 5,703,033
Jan. 1 to May 31... 26,034,756 26,786,507 7,6.50.530 7,919,166Inc. 8,342
Dec. 311,854
Lin'sw'stofP.AE.May.
Dec. 1,258,945
Inc. 34,544
Jan. 1 to May 31...
793.631
691.125
Phlla. A Reading... May. 1.779,222 1,728,333
Jan. 1 to Mav 31... 8.123.955 7,791,440 3,3S3.921 2,976,467
Dec. 1 t» May 31... 9,810,066 9,449,382 4,083,569 3,611,966.
Coal A Iron Co.... May. 1,.523,333 1,490,071 def. 11,880 def. 73,676
Jan. 1 to May 31... 6,773,399 6.190,597 dt. 332, 868 df. 318, 966
Dec. 1 to -May 31... 8,379,77o 7,565,192 df. 323,001 df. 318, 452
617,449
781.731
Total both Co.'s. .May. 3,302,555 3,218.406
Jan. 1 to May 31... 14,897,356 13,985,036 4,031,053 2.656,500
Dec. 1 to May 31. .18,189,813 17,014,575 3,760,569 3,293,514
13,763
22,845
Rio GrandeSonth U.May.
28,298
29,832
94,031
88,960
Staten I. Rapid Tr. May..
56,546
51,997
toMaySl...
331,342
305,681
Jan. 1
238,736
913,724
827,271
283,427
July 1 to May 31...
30,417
75,406
26,433
97,679
W.Ta.Cent.A Pitts.. May.
344.902
150,290
116,510
455,120
Jan. 1 to May 31...
Jan. 1 to
May
31...
—
The following roads, in
Interest Charges and Surplus.
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
/-/nterV. rentals, ite.~. ^Bal. of Net. Eariu.^
1891,
29
$
29,061'
151,312
16,952
269,767|
p.c.)
3,937
5,673
23,196
44.761
7,079
4.567
6,109
4,848
77,106
15,629
5,774
56,319
9,902
330,355
56,814
147,856
7,269
5,099
83,370
15,400
251,205
25,090
16,786
Northern Central.. May.
263
225,154
118,633
A Texas
Kansas City A Pacific.
Mobile A Birmingham ...
Ohio A Mississippi
Ohio River
Rich. A Danv. (8 roads).
8t L. Alt. AT. H. Brches.
Toledo Peoria & Western
Mo. Kansas
NorfolkA\Vestern..May.
15,596
1,207
9,366
'"2,914
. .
Jan. 1 to
7,1.52
"635
18,50J
A Bpr.
Louisville A Nashville...
Louis. N. Alb. A Chic
N. Y. 8u8
Jan.
18,250
"
CI.
Kan. City Ft. S. A Mem.
Kansas C. Mem. A Birm.
Keokuk A Western
Lake Erie A Western
Little Rock A Memphis.
Mexican National. .. May
17,927
596
Kansas City
31.466
137.989
18,050
236,080
25,881
38,226
9.613
20.626
22,366
.52,547
Other lines
Kanawha A Michigan
Jan. 1 to
July 1 to
557
"6",64"6
.
Jan. 1 to
1,132
2,438
4,377
2,150
8,275
13,798
Peoria & Eastern
Colorado Midland
Detroit Bay C. A Alpena.
Detroit Gr. Hav. A Mil.
Detroit Lans. A North
Flint A Pere Marquette.
Florida Central A Penin.
Grand Rapids A Indiana.
Cincinnati R. A Ft.W..
K»n.C.Ft.8.AMem.May.
'ii",5'oo
106,239
92,996
29,411
43,091
150,759
464,620
14,553
44,326
32.750
61,272
104,278
5,765
31,627
32,890
231,500
74,600
22,786
110,376
A West Michigan
Cin.N.O. AT.Pac.(5 roads)
Cleve. Akron & Col
Cleve. Cln. Chic. A St. L.
Jan. 1 to
July 1 to
""""i'36
387
3,363,159
1890.
$
Jack.Tam.AK.W...May.
l,9.-(9
7,040
44,000
14.027
38,824
2,539
6,781
BTet increase (3 '52 p. c).
1891.
,614,534
o Whole system, including Iowa lines.
6 Includes in both
years 8oioto Valley Division, and Maryland A Washiuston Division
(Shenandoah Valley.)
c Includes earnings from ferries, etc., not
I Mexican currency.
d Includes Borne
flven separately.
Wat. & Offd. since March 15, In 1891.
Zd week of June.
MweekofJune.
hi.
189a
1691.
120,061
123,308
480.128i
589,058
871,574 961.660 4,043.417; 3,942,268
2,871,753 2,888,908 10,574,910 9,573,698
3,743,327 3,850,568 14,618,327 13,544,111
.
Lykons Valley .May
Tot'l both Co's May.
1890.
Chicago
So.Pac.Oo.( Con)
Tex. A N. Orl. April....
Atlantic sys.c. April....
Paolflc system April....
Total of all.. April. . .
o, Pao. RK.—
Ko. Dlv. (Cal.) April.
80. Dlv. (Cal.) April.
Arizona Dlv.. April. .
New Mex. Div. April..
Bpar. Un. & Col March.
Staten Isl. H. T. May. ...
BtonyCl.&CMt.. April.
Summit Branch. May.
1891.
LV^ol.
9
Rotidf.
Ft.S. A
July 1 to
Kan. C.
Mem.May
May 31...
89.141
980,088
9$
1890.
87,459
954,096
1891.
def. 1,589
226,158
1890.
S
46,987
498,602
Juki
THE CHRONICLE
37, iSBl.j
wm
Oecfttur <t .SpringHcId flrat mortgage.
An apppal
uN
lowed, which will throw the matter over until the fall, when
will
it
be heard before the (ieoeral Term. At Dc-calur, III., an
injunction wa« obtained reatraininK tho Mile of any portion of
the |)rop«rty in tho Statu of Illinoia.
GENERAL INVESTMENT NEWS.
Brooklyn CItv BoihIk.— Comptrollor Jackson of Brooklyn
has made the followinR awards for tho 1 1,000,000 4 per cont
registered tax certificates tnaturiuK throe yoara from date
Hamilton Trust Compauy, $.")0,00() at 100 J. H. BonniiiRton,
$HH),0(M) at 100-11
NewburR Savings Bank, |2.'5,0<)0 at 100 1-16
and $a.).000 at lOOii. These were all tho bida that were ac-
International k Ureal Northern.— The Huprrmo Court of
Texas, the highest tribunal of that State, bM decide>l that tb«
Attorney-General lia<l no right to interfer* in the forecloeure
suit of the FarmerH' Loan & Truat Co. The Attorney-UeiwtBl
brought suit against the Trust Co. on technical ground*.
:
;
;
cepted.
Callp'l
Bonds.
—The following
bonds have
beeil called for
Lake Shore & Michigan Sonthern.— At a me<-ting of the
2.'ith inst., a dividend of two
and one-half per cent was declared payable on the first day of
August next. The following is the half-yearlv statemeni that
was presented to tho meetin)^, the moiitii of .Time, 1891. U-ing
partly estimated. Elxpensee mclude all ex)H-nditure8. Nothing
has been charged to oon*truction or equipment ainoe 18)^3
payment
board of directors, held on the
&
Manitoba.— First mortgage sinkSt. Pact. Minneapolis
ing fund 7 per cent land grant Iwrnis of 1879, due July 1,
1909.
Bonds to the amount of $281,000 have Ijeen drawn for
payment July 1 at the offices of Messrs J. Kennedy Tod
Co., 45 Wall Street. The numbers of the drawn bonds will be
found in the advertising columns of this issue c f the Chronicle.
&
:
moo.
1901.
OrOBA earnlnin
$8,829,606
Operating expentes and t»xe«. 5,044,721
Peroent
(e7S»)
$9,023,850
$0,002,000
6,0.'>8,.5S0
a,.VIu,a04
(60-04)
Met earnings.
$-^,384,075
and dividends
on guaranteed stock
1.711,625
$3,065,291
1880.
—
Cambria &
Clearlleld. This is a Pennsylvania Railroad
enterprise to develop coal territory tributary to that sj-stem,
the
bonds
issued,
at 812,500 a mile, are supplemented by
and
an equal amount expended on the property which is repreOn a subsented by stock held by the Pennsylvania RR. Co.
sequent page we give an abstract of the mortgage.
—
:
1891.
Gro9s eaniluKS of both roads
Operatiug expenses and taxes
Percentage of earnings
$6,843,000 $0,985,000
4,968,000
5,135,000
Netearnlnes
Interest and rentals
$1,875,000 $1,830,000
1,222,000
1,2JO,000
(72-6)
(70-12.
f2,e41,3»6
InteroBt, rentnls
Canada Southern. At a meeting of the board of directors
on Thursday, a semi-annual dividend of '1'4 per cent was declared, payable on the first day of August next. A statement
was received from the Michigan Central RR. Company (June
being partly estimated) which shows the following results
from the business of the past six months
1890
978
I73-73I
Balance for stock.
Equnls |>or share
The dividend amounts to
$1,173,330
1,686,026
1,680,000
$1,278,365
$1,261,396
($2 371
(2;)
Surplus for half-year
080,330
$184,020
($2 58)
(2
)
($2
5ft)
080,330 (2 i^t 1 ,230,662
$289,035
$24,734
—
Michigan Central. At a meeting of the board of directors held June 25 a dividend of 2 per cent was declared payable on the first day of August next. Tlie following statement of the business for the six months ending June 30th compared with that of the previous year was presented (June
being partly estimated).
1889.
1800.
1801.
$6,065,000
5,135,000
Gross earnings
$6,233,000
Oper. expenses and taxes. 4,4'24.000
(70-9)
Per cen
$6,843,000
4,968.000
Ket earnings
Interest and rentals
$1,809,000
1,200,000
$1,875,000
1,222.000
$1,830,000
1,230,000
(72-6)
(73-73)
Surplus
Division as per traftic agreement—
To Michigan Central Railroad Company
$653,000
472.000
443,000
R iilway Company
$181,000
229,045
$157,000
215,733
Surplus
Proper, to Can. South. Co.
$519,000
156,000
$(!53,000
181,000
$600,000
157.000
$410,045
187,500
$372,733
187,600
Leaves
Dividend 2 per cent
$393,000
374.764
$472,000
374,764
$443,000
374.764
$222,545
$185,233
$18,236
$97,236
$68,236
To Canada Southern
And
balance from income of previous years..
Balance June 30
Less dividend
p.
m
o.
declared this day
Balance......
$600,000
Balance
—
Missouri Kansas & Texas. The new common stock of the
Charleston Cincinnati & Chicago.— The reorganization
plan, which has been agreed to tiy all the large interests, con- Missouri Kansas & Texas Company will be issued in exchange
templates two series of bonds the first series to be issued at for reorganization certificates on and after July 1.
the rate of 112,000 a mile and not exceeding $4,500,000, bearNew Bonds and Stocks Authorized or OflTered.—The following interest at 6 per cent and redeemable after five years at
ing is a list of new issues of securities now offered for sale, or
option of the company at 103 and accrued interest, but having
goon to be offered
ten years to run. Only $2,.500,000 of these bonds are to be
Cambria & Ci.barfield R. R. Co.— $750,000 Ist mort. 50-ye»r 3 par
follows
completing
For
issued immediately, to be used as
cent gold bonds are olfercil in our advertising eolumns by Memra.
road, $780,000 paying for old and new equipment, |56l,000
Dick Bros & Co., Philadelphia, at 101. On another page we pub;
:
:
;
;
lish an abstract of tho mortgage securing these Imnds.
Nevada.— Six per cent six and ten year sewer bonds are to be
ing construction and other contingencies. The remaining Carson,
issued.
12.000,000 can only be issued by the a-ssent of a majority of CrNciN.sATi, Ohio.— $200,000 water works 4 jier bonds, tedeemabl*
after June 1, 1901, payalile.)une 1, 1911, and $150,000 City Hall.
the second series bonds, and for the purpose of completing a
4 per cent bonds, payable June 1. 1909, redceiuuble after June 1,
proposed 71 miles of new road. Thete first series bonds will
1899. Bids will be received by the Board of Administration, care
be a firat and prioi- lien on the whole property. The second
of D. W. Brown, City Auditor, till July 21 for the water-works
bonds and till July iO for the aty Hall bonds.
series will be consolidated 5 per cent bonds issued at the rate
of 135,000 a mile, aggregating about $18,000,000. Of these, Johnson City, Tknn.— .$50,000 per cent lionua, duo In 20 yean, 1»
sued for street and school purposes. Bids will be received till
$7,345,000 will be used to exchange for the present bonds, bond
Jime 29 by Wm. G. Mathes, Johnson City. Teun.
for bond, and sufficient reserved to retire the first series on the MiLWACKKE.— Bids tor tile bonds mentioned In last week's Issue will
l)0 received iip to June 30 liy the Coimnissioners of the Public Debt.
cancellation of which the consols will become the first lien.
York & New England R. R fOOO.ood preferred stock is offered
tJnder this plan arrangements have been made for fimds to Newat par to stockholders of record June 23.
complete the road at once and get it into operation.
L'luis,
Mo.—$i.725.0CK) Iper cent 20-year renewal bonds. Blda
St.
floating debt, $95,()00,
and balance
to
provide for interest dur-
—
—
Chattaiineoga Southern. The
through from Chattanooga South
line has been completed
to Gadsden, Ala., a dis-
tance of a^oiit ninety miles. Thirty-year 6 per cent
have been issued at the rate oi §15,000 a mile.
bonds
Denver ity Water Works.—The general mortgage 5 per cent
gold bonds have been listed this week on the New York Stock
Exchange. The Denver plant is said to be the third largest
private water works property in the United States; established
some twenty years ago, its growth has kept pace with that of
the city, and the gross earnings last year were $384,155, as
against §308,444 in the previous year. Under the new contract with the city, taking effect in May this year, the hydrant
rentals will increase some $50,000, and the comp.iny estimate
their total gross earnings for 1891 will aggregate over $500,The interest charge for the
000, the net to be about $400,000.
currenfyear will be $220,000. On a subsequent page is given
at length the official statement made to the Stock Exchange,
and which contains a balance sheet and the important facts
i
will be received l>y the Mjyor until July -20.
$50,000 5 jier cent street improvement bonds, due
Salisbuky, N.
10 to 30 years. Apply to I. II. Fount, Treasurer.
improvement .M>-year 6 i>er cent bonds, re$15,oOO
Tex.—
Sherman,
deemahlc after 10 years, are offered by E. 8. Jones, Treasurer.
$100,000 preferred stock U offered. For
Bi'RNHAM."—
"Jocbneav A
full particulars see atlvertisment in another column.
c—
New York & New England.— Under date of June 23 this
company gives notice to its preferred and common stock holders that the company offers for sale to them at par 6,000 shares
of the preferred 7 cent stock of the
treasury. This option will remain
company, now held in its
upon until Tuesday, June
and the above stock has been underwritten at ]>ar
by a syndicate, who will take all of said stock not applied for
by the stockholders.
General Manager Howard is quoted as sayin)r: "Thedirectors
at their last meeting determined to clean up this construction
account, and subscribed for 6,000 shares of the preferre<l stocic
in the treasury at par. President Bostwick cabling from Europe that he would take any surplus of stock. We had spent
of
Ijonds.
relating to the issue
on construction account since October I, 1888, alwve $600,000,
District of Columbia Bonds.— At Washington, June 22, and we were carrying against this in time loans $-'545,000,with
bids for $2,400,000 3'^ p-'r cent District of Columbia bonds New York & New England preferred as collateral. Our inttrest
were ojiened at the Treasury Department. Six bids were re- on this was 5J^ to 6 per cent, and was put into our fixed charges,
ceived, but that put in by Harvey Fisk & Sons, of New York, so that the sale of the preferred stock to close the account will
was the only offer to take any considerable amount of the increase our charges 1 to 1^ per cent on this account, or
bonds.
offered to take all of the bonds, or any part of
281-1000 or, if permitted to take them all, 100
The latter offer was accepted.
Thev
them, at
531-1000.
lOO"
;
Indianapolis Decatur
& Western.— In
the Superior Court
at Indianapolis, on the 23d inst., before Judge Walker, a decree of foreclosure was entered luder the old Indianapolis
30, 1891,
$6,000 to $9,000 per
annum.
that we had a floating debt of $917,000,
published last week, is quite in error. These figures are the
aggregate of our notes payable and $460,000 of six or seven
years' equipment notes. We do not need the new moneT
immediately, and therefore subecriptions to the preferrod
"The statement
mE
974
CHRONICLE.
rvoL,
Liill
stock are payable 50 per cent June 15 and 2Ji per cent Aug. 1, Ohio Valley Railway Company Balan-cb Sheet, June 1, 18S1.
ResourcesLiabilities —
and 25 per cent September 1 and will take up our time loans
of road and equlp.$4,600,824 Capital stock
$2,162,800
as they mature, leaving the company with no debt and earn- Coat
Material on hand
3,748 Gcn'l consolidated and
ing a fair surplus over all charges. I have looked up the Cash
2,263
first mortgage bonds.. 2,162,600
Springfield line, and find that Due from
figures of our JProvidence
Due on pay rolls
U. 8. Post-oface Dept.
•.i83
uncalled for
872
in the first six months of its operation it has made a loss to us
Company's
agents
717
Current vouchers
3,748
of only $3,661, including all fixed charges. It is not yet exSundry railroads
4.079 Bills payable
22,733
tended to do the business for which we purchased it, but, conIndividuals and co.'s.
3,839 Car trust
85,601
25 Unpaid coupons
Mdeiing the new business we now control by having this line, Unclaimed freight acc't
107,832
Southern
extension
acDuo
individuals
&
co.'s
44,250
it ia easily seen that the Providence
Springfield lease is
count
12,452 Bal. at credit income...
37,997
already profitable to the New York
New England.
" The Norwich
Worcester lease, although it shows a
$4,628,235
$4,628,235
deficiency in the actual amount paid to that road's stockNote. Under the contract between the Western Contract
New England last year $451,- Company
holders, gave the New York
and the Chesapeake Ohio
Southwestern Railroad
000 of gross earnings which it could not have controlled save Company
for the guarantee of the Ohio Valley Bonds, copy
by that lease. The New York <fe Now England earnings will of which contract is on file with the Stock Exchange,
all unincrease at least 850,000 gross this month, and most of it will paid
coupons and all items of floating debt, including the
be met."
Car Trust obligations, are to be provided for and paid by the
New York Stock Exchange New Secnrities Listed.—The Western Contract Company, on or before July 1. 1891, after
Ctoveming Committee of the Stock Exchange have listed the which date these items will cease to be liabilities of the Ohio
Valley Railway Company all of which will appear iu the
following securities
balance sheet of July 1 proximo.
Edison Electric iLLCjiiNiTisfi Co., of New ToRK.-Additioiial
Issue of first mortgage 5 per cent bouda ,+350,000, iiiaHiui; total amount
Philadelphia & Reading.
The statement for May and
listed *2,'^50,000; also $32,200 additioiial Issue of capital stock,
making total amonnt listed $4,500,000.
for six months of the fiscal year shows the following:
Distilling and Cattle Feeding Co.— Additional Issue of capital
,
&
&
&
&
—
&
&
—
:
;
—
stock, $3,498,400, makioR total amount listed, $3.7,000,000. This increase In capital is in connection with the purchase of the Shufeldt
and Calumet distilleries at Chicago.
Mashattan Beach Hotel and Land Co. (Llmited).— General mortgage 30-year 4 jtr cent bonds, $1,300,000.
Lehigh Valley Railway Co. ok New York. Additional issu* of
first mortgage 4'« per cent Bold bonds, *3,200.000. making total
amount listed, $9,500,000. [An abstract of the mortgage was given
In Chronicle. V. 51. p. 114].
Rochester Gas CO 's capital stock, $2,000,000.
Denver City Water Works Co.'s general mortgage 5 per cent
bonds, *], 138, 000. (See statement to Stock Exchange on another
—
page]
Ohio Valley Railroad
Co.'s general consolidated
and
31.—,
1890-91.
1,779,222
985,591
9,449,382
5,807,416
9,810,066
5,726,497
691,125
38,059
793,631
14,483
3,641,966
205,205
4,083,569
205,513
729,184
808,114
3,847,171
4,289,082
Prop't'n y'r's charges
39,536
598,505
20.855
614,570
399.999
3,591,028
263,978
3,095,838
Total
Surplus
633,041
91,143
635,425
172,689
3,991,027
def. 143,856
3,959,816
329,266
1,490,071
1,506,712
1,523.333
1.456,575
def. 16,641
Gross receipts
Gross expenses
receipts....
Total
Dee. 1
.
to
Coal & Iron Co.
Gross receipts
Operating expenses.
Net earnings
Deduct
—
7,505,192
7,504,390
8,379,776
8,177,213
66,758
60,802
202,563
409,253
68.310
72,186
6,452
68,000
426.149
99,414
408,000
125,544
142,185
01.143
146,638
79,880
172,689
820,318
759,516
def.51,042
sur.92,799
57,034
Colliery Imp'nts
Permanent imp's...
Pro'u year's charges
Total
Def of CoalAIronCo
Surplus of KR. Co..
.
Bal. both Cos,
.
41 i' 063
df.143,856
933,563
731.000
329,266
def.903,372 def.401,734
Pleasant Valley Coal Company.—The first mortgage 6 f)er
cent gold bonds of the Pleasant Valley Coal Company have
been listed this week on the New York Stock E.xchange. On
another jwge will be found the particulars concerning this
property, as officially stated in the application for the listing.
It will be seen that the company has a large coal property in
Utah, on the line of the Rio Grande Western Railroad, and
which has cost some two and a half million dollars. The
$428,000 bonds just listed are a first and only lien,
98"63
Pon.'hkeepsie Bridge Co.— This company has notified the
its bonds to present the coupons maturing February
and August, 1891 and 1892, after July 1 next, to the Guarantee Trust Company of Philadelphia, and receive ia exchange
scrip of the Bridge Company, under the agreement between
the company and a majority of its bondholders dated January
7-,'iO
Dekovcn.Ky., to Ohio River
2-00
holders of
9-.'>0
11,
1,728,335
1,037,210
Deduct —
cent gold bonds contained the following:
The Ohio Valley Railway Co. was chartered by special act
of the Ky. Legislature, dated March 15, 1871, under the name
of South Kentucky Railroad Company, which name it retained until Apiil 6, 1886, when its present name was adopted.
December 1, 1887, the read was opened for traffic between
Henderson, Ky., and Princeton, Ky., a distance of eightynine miles. June 1, 1887, branches to Uniontown, Ky., and
to the Ohio River were opened. June 1, 1889, the main
line of road was extended northward across the Ohio River
and into Evansville, Ind., the river being crossed by means of
a ferry controlled by the road. The route ol the road, as at
present operated, is therefore:
March
$
Permanent imp'm'ts.
Ohio Valley Railway.— The Ohio Valley Railway Companj's applicatien to have admitted to the List of the New
York Stock Exchange $2,162,600 of common etcck acd
$2,162,000 of general consolidated and first mortgage five per
Total lino in operation
$
Net earnings
Other net
>
1891.
890.
mort-
first
gage 5 per cent gold bonds, $1,984,000.
Pleasant Valley Chal Co.'s first mortgage G per cent gold bonds,
$128,000 [See application to Stock Exchange on another page 1
PJttsbcrg & Lake Erie Railroad Co.'s second mortgage 5 per
cent pokl bonds, $1,000,000.
United States Book Co.'s common stock, $1,250,000 and cumulative 8 per cent preferred stock, $2,000,000.
Main line— Evansville, Ind., to Princeton, Ky
Branches— Moipnnlleld, Ky., to Uniontown, Ky
May
1889-90.
Ma]/.
3
Railroad Comp'y.
1890
108-13
Capital stock is $2,162,600, divided into 21,626 shares of $100
each. The bonded indebtedness of the company consists of
$10(',CC0 old first morigage bonds still unexchanged for the
new securities $183,833 33 1-3 of new general consolidated
and first mortgage bonds are in the hands of the Central
Trust Company of New York to be exchanged for these older
obligations. The remainder of this issue of new bonds,
namely, $2,029,266 66 2-3 have been sold and distributed, and
are now outstanding obligations of the company. These new
bonds are of $1,C00 each, numbered from 1 to 2,162 inclusive,
dated July 1. 1888, running fifty years, payable in gold, with
interest at 5 per cent, payable semiannuallv (January and
July), at the Centra) Trust Company in New York City. Said
general consolidated and first mortgage bonds are secured by
a mortgage dated July 1, 1888. These bonds were— by action
of the board of directors of the Chesapeake Ohio
Southwestern Railroad Company, which action was duly ratified at
the stockholders' meeting held June 2, 1891 guaranteed as to
principal and interest
the guaranty to be endorsed on each
of f aid bonds in the following terms, to wit
" For valuable consideration the Chesapeake Ohio
Southwestern Railroad Company hereby guarantees the punctual
payment of the principal and interest of the within bond.
" In witness whereof the said Chesapeake Ohio
Southwestern Railroad Company has caused its corporate seal to be
hereto aflSxed and attested by its Secretary, and these presents
to be signed by its President cr Vice-President, this
day
of
1891.
The following is a statement of the preseat disposition of
said bonds
15, 1891.
Winona
;
Brids:e.
—The
Winona Bridge connecting
the
Green Bay Winona & St. Paul Railroad with the Winona &
Southwestern at Winona, is about completed. This bridge is
the connecting link of the new through line of the Lackawanna to the West. The bridge is to be used by the Chicago
Burlington & Northern, Green Bay Winona & St. Paul and
Winona & Southwestern railroad companies, each of which
holds a one-third of the $400,000 capital stock. The company
have authorized $400,000 first mortgage gold five per cent
bonds, due 1915, which will be shortly brought out by Messrs.
Joseph Walker & Sons.
&
—
Investors are invited to notice list of July investments
presented for consideration in our columns of this issue by
the house of N. W. Harris & Co., of this city, Chicago and
Boston.
—
;
&
—
Messrs. Coffin & Stanton present in our issue of to-day an
extensive list of coupons and interest, which will be paid by
them on the 1st of July.
&
—
Messrs. John H, Davis & Co. offer a list of investment
bonds in another column, to which they ask the attention of
Chronicle
readers.
— The Richmond & Danville Railroad
number
:
of coupons .July 1st, notice of
Company
which
will
will be
pay a
found
in another column.
Total authorized issue, Nos. 1 to 2,162, at
$20,fiOo per mile
$2,162,600
Held for exchange for $100,000 old bonds,
Nos.
to
Bold and distributed
2,029,2662,,
?2,162,600
$2,162,600
— Messrs.
$133,3331,
\
I
'
July
1
on a
— Messrs.
DCW
bondfl,
&
Co. will pay interest due
of securities, as advertised in another column.
Winslow, Lanier
list
Farson, Leach & Co. have a
which are offered in this issue.
list
of attractive
Jvm
THE
S7, 1881.]
975
CHRONlCijSL
AMcn
(TATCMUiT or
lloxovts audi IHocuments.
ASb LiARiuriKs, Arm. 30,
litui.
Aurlt.
'
r,>«( ..f
rnnlLnnilii
'
tor
»2,04«,7.'10
IliilliUiiK",
ry, Ac
fnr r,
THE PLEASANT VALLEY COAL COMPANY.
07
391,400 OS
OVI'UK,
Ar..
1 10..']
>g<lon
12,
<
.
to 43
Exi"
APPLICATION TO TUE NEW
Ha;
YORK STOCK EXCHANGE.
I
'
'
t3i 78
•3,4M,0SOS3
S,44M3e
17S,SSB30
I3,«7e9«
Material* and 8iippUoii
Due from varloiu itouroe*
CMh
New
York. May 18, 1801.
Tlio Pleasant Valley Coal Company was incorporated under
the laws of the Territory of Utah. September 0, 1882. Present
Officers— Wm. A. Bell, Colorado Springs, Colorado, President;
H. A. Rislev, Colorado Springs, Colorado, Vice-President
Charles W. Drake, No. 82 Nassau Street, New York, Secretary
and Treasurer. Directors William A. Bell, H. A. Risley,
Robert Harkness, George Goss and Wm. F. Colton. Capital
stock authorized and issued, ^3,000,000 par value, |100 per
—
$2,650,l$e«3
lAabUUUt.
Unpnld Vouchers, Par
Roll*,
Ae
Due to tndlvldunli iind CoropsntM
81z Monthn' lutoreat on $alK>.000 Bond*
(Coupon Nil. 2, pnynble Mojr 1)
Colli I.a!iil Kxhiiii^tinn. Depreciation,
,64,037
M<irtKiti;e
S.*)
00
10,123 57
10..V)0
Ac
Mrnt
BoniU (478,-
000, lH«ue4l Coopoua
Km,
lanil2oin
$428.00000
Capital Btock
2,000,000 00
;
share.
$S0,2«*3 13
and
8iui>lua or Credit to Profit
l<ou..
2,428,000 00
78,622 88
$2,690,108 99
The authorized bonded indebtedness of the company is
The excess assets represent the expenditures made sioce the
f600,000, of which $428,000 has been issued and sold, and the
proceeds used by the comiiany in payment for improvements $850,000 tends were delivered to the company, for which
which have teen made upon the property of the company, tends are receivable, and on account of which $78,000 <>f
the cost of its machinery, plant, structures, tools, implementu tends have been received and sold by the company to date.
Application is hereby made to have listed upon your Exand mining outfit and equipment The remaining "$172,000
are held by the trustees, and by the terms of the trust deed change the above-mentioned $128,000 First Mortgage Bonds,
can be used by the company only to purchase and otherwise Nos. 1 to 428 teth inclusive.
I band you herewith
Copy of the Deed of Trust, certified
acquire further lands, coal mines and interests in lands and
mines, with the structures, fixtures, etc., pertaining thereto, to by the State Trust Company, Trustee Certificate of Measta.
and such personal property and effects as may be acquired Bangs, Stetson, Tracy & MacVeigh, Counsel of the State
therewith, or for use in connection therewith, and to further Trust Company, that these tends are regularly ifisued under
improve and develop the properties of the company, whether the mortgage, and in all respects valid and binding obligations
now owned or hereafter acquiced, including additional build- of the company. Certificate by the State Trust Company of
ings and structures, machinery, mechanical jwwer and appli- its acceptance of the trust created by the mortgage, and of
the tends executed in accordance therewith. Certificate of
ances, suitable to carty on and extend its business.
The bonds are First Mortgage Thirty -year CJold Six per Cent Judge Robert Harkness, the official counsel of the company,
Coupon Bonds; principal and interest payable in New York that it holds perfect title, free and clear of liens and encoiuCity; principal due May 1, 1920; interest payable semi-annual- brances, except the lien of the said Trustee to secure saiid
The tends, to all the lands and other property described in said
ly. May 1 and November 1; denomination, $1,000 each.
mortgage contains a sinking fund clause providing for the re- Trust Deed. Certificate of the State Trust Company, Trustee,
demption of these bonds at 110 per cent and accrued interest that they have delivered only $138,000 of the bonds to the
as follows: Commencing May 1, 1893, ten bonds per year for company. A sample of the said first mortgage tends.
Respectfully submitted,
5 years; commencing May 1, 1900, twentv bonds per year for
Chas. W. Drake, Treasurer.'!
5 years; commencing May 1, 1905, thirty bands per year until
This Committee recommended that the above-descrited
all are redeemed.
The Trustee of the mortgage is to be the custodian of the $428,000 First Mortgage 6 per cent GoldJBonds, Nos. 1 to
sinking fund. The Trustee of the mortgage is the State inclusive, te admitted to the list.
Adopted June 24, 1891.
Trust Company, No. 50 Wall Street, New York City.
The mortgage securing these bonds is a first lien on all the
-
:
;
^
property of the company of every description, including
3,3.56 acres of coal lands owned at the date of the mortgage,
May 1, 1890, and about 400 acres purchased since, all on the
line of the Rio Grande Western Railway Company in Utah,
in which there exists an amount of coal estimated to exceed
20,000,0{t0 tons, and it will also he a lien on all lands hereafter
acquired by the proceeds of these bonds. The company also
THE DENVER CITY WATER WORKS CO.
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
New Yobk, June 10, 1881.
The Denver City Water Works Cmopany, a corporation
formed under the laws of the State of Colorado, through a
controls under lease or similar arrangement 2,300 acres of consolidation of the properties of the Denver Water Company,
the
above.
coal lands adjacent to
the Beaver Brook Water Company and the Mountain Water
The coal so far mined by the company has been taken, and Company, supplying respectively the city of Denver and the
for that matter all that will be mined for many years to come adjoining towns of Highlands and Bamuin. has made an auit is expected will be taken, from the lands absolutely owned
thorized issue of seven thousand (7,000) tends of one thousand
by the company, and not from the leased lands.
($1,000) dollars each, amounting to seven million ($7,000,000)
The general office of the company is at Salt Lake City, dollars, dated November 15, 1890, payable Novemter 1, 1910,
Utah. The New York office is at No. 32 Nassau Street. The tearing interest at the rate of five (5) per cent i>er annum,
company has in complete operation (equipped with machinery payable May 1 and November 1 at the agency of the company
of the latest and most improved character, including an elec- in the city of New York. Both principal and intercBt are
tric plant for lights, mines, railway and hoist), three coal payable in United States gold coin of the present standard of
mines and eighty coke ovens, on the line of the Rio Grande weight and fineness. The principal of the tends can te regisWestern Railway Company, which are in active operation, tered at the office of the transfer agents, Jlessrs. C. H. Venner
although until the year 1890 only one of its mmes and
Co., No. 33 Wall Street, New York. The tends are secured
none of its coke ovens had teen opened and operated. The by a general mortgage upon all the property and franchises of
output of 1882, the first vear of operation, amounted to 30,000 the company made to the Central Trust Company of New
That of 1890 was 181,000 tons.
tons.
York, Trastee.
In the year 1890 the results of the operations of the comTwo million eight hundred and sixty-two thousand ($2,863,pany were
000) dollars of said issue, teing tends numtered from numter
$407,527-93 one (1) to number two thousand eight hundred and sixty-two
Gross earnings
308,687'70
Operating expenses
(2,862) teth inclusive, have been deposited with the Central
$98,8.1014 Trust Company, as Trustee, under a trust agreement, for the
Neteamln(?a
3.018'50 purpose of securing the payment of two million five hundred
Income trom rents
and seventy-five thousand ($3,573,000) dollars of prior lien
$101,858-73
Total net recelpU
tends, as follows
or nearly three times the interest on the entire authorized $2,100,000 7 per cent tends of the Denver Water Company,
issue of $600,000 tends, and nearly four times the interest on
due January 15. 1895, but redeemable
at the pleasure of the comi>any on any
the $428,000 of tends actually issued.
The net receipts for the years 18-3 to 1889, teth inclusive,
coupon day on thirty days' prior
notice.
with two mines in operation instead of three, have averaged
250,000 10 per cent tends of the Denver City Water Comabout §60,000 per year. Those of 1889, lessened by expenses
pany, due July 1, 1891.
in connection with the development of the third mine, were
The net receipts for the first four months of 1891
150,000 7 per cent tends of the Domestic Water Company,
$63,000.
due Octoter 1, 1891.
have been .$15,116 02. These are the four lighest months of
the year, and the results indicate net receipts for the year
75,000 6 per cent and 7 per cent bonds of the Bearer Bro^k
Water Coniimnv. due $31,000 April 1 ,•
1891 considerably in excess of those of 1880.
1903, and $44,00() July 1, 1906.
The market for the coal, which is of a superior quality for
teth steam and domestic purposes, extends eastward to points
One million one hundred and thirty-eight thousand ($1,138,on the Denver
Rio Grande Railroad, and westward 000) dollars of said issue, teing tends numtered from number
through Utah, Nevada and California, to the Pacific coast. two thousand eight hundretl and sixty-three (2,863) to number
The product of its eighty coke ovens (it teing the only coal in four thousand (4,000) teth inclusive, have been issued and sold.
Utah that has been found to coke) is disposed of to the smel- Application is hereby made to list these tends.
ters of Utah and Nevatla, the Salt Lake smelters alone requirThree million ($3,000.0(Hn dollars of said issue, teing bonds
ing ateut 25,000 tons of coke per annum,
numtered from numter four thousand and one (4,001) tonumber
&
:
&
THE CHRONICLE.
976
•even thousand (7,000) both inclusive, are held by the Central
Trust Company in trust for construction and improvements after July 1, 1891, subject to the restrictions as contained in the mortgage.
The Denver Water Works were established twenty years ago
when the city was very small, and the increase of the income
and extension of the plant have kept pace with the remarkable growth of the city. The population by the Census of 1870
was 4,579; in 1880, 35.629, while in 1890 the population of the
district which is generally regarded as Denver, and which is
embraced in the territory supplied by this company, was
about 130,000.
The increase in earnings and number of water-takers of this
property for the past four years has been as follows
:
FirCt.
Year ending
Inc.
Oct. 31.
No. of
Water-taKerg
4,207
$166,251
1886
21-93
4,945
202,720
1887
3114
265,859
6,311
1888
16 00
308,444
8,470
1889
24-55
11,054
381, 55
1890
Total increase of earnings in four years $217,904, or 131 per
cent. The average increase from year to year has been 23-40
per cent.
For seventeen years prior to May 1, 1891, the city of Denver
paid only twenty thousand dollars per annum for hydrant
rental, but under the new contract with the company which
runs until April, 1910, the city will pay from May 1, 1891, upwards of seventy thousand dollars per annum, increasing each
year as additional hydrants are ordered. The total hydrant
rental from Denver and adjoining towns is now on a basis exceeding eighty thousand dollars per acnum.
The property of the Denver City Water Works Company
having been purchased by the American Water Works Company (of New Jersey), the last-named company respectfully
makes application for a quotation upon the regular list for
1
one thousand one hundred and thirty-eight
(1,138).
one
mill-
ion one hundred and thirty-eight thousand ($1,138,000) dollars,
of the Denver City Water Works Company Five (5 per cent)
per cent General Mortgage Gold Bonds, as above described,
numbered two thousand eight hundred and sixty-three (2,863)
to four houpand (4,000), both inclvisive.
I beg to submit herewith a statement or balance sheet of the
company on the 1st day of March, 1891, as follows
:
lAabililiei.
Assets.
$702,750 Capital stock, pref ... $2.000,0o0
"
•'
359,000
com
5,000.000
255,000 Mortgage bonds
4,000.000
500.000 Bills payable
245.792
4,273,622 Overdraft cash
678
3,750,000 Montclair and meter
accounts
139,00 J
899
127,156 Sundry subscriptions,
Keal estate in trust
Keal est.in use oy Co..
Pumping stations
Water supply
Cons'n, ser. mains. &c.
Fran, and city cont'ts.
Personal property
Bills receivable
Unpaid water
hydrants. &c
ro-payable
4,463 Earnings
32,463
44,034
rents,
Operating expenses.
Interest and coup. paid.
.
8,774
106,689
Coupous paid
for old
co's for whicli this co.
be reituburst d..
37,341
Gen. mort. 5 bonds on
h'nd or to be aoc'd for.
1,138,000
"Will
[Vol.
Ln.
legal representative of such registered owner, as hereinafter provided,
in the sum of one thousand dollars, in gold coin of the United States of
America, which sum the said Company promises to pay to the bearer,
or registered owner hereof, or to the legal representative of such registered owner, at the office of the Treasurer of the said Company in the
City of Philadelphia, in the State of Pennsylvania, on the first day of
January, A. D. 1941, with interest thereon at the rate of five per
centum per annum, payable in like money, semi-annually, on the first
day of the month of January, and on the first diiy of the month of
July, In each year, to the bearer, as the same becomes due, at the said
office of the Treasurer of the Company, on delivery of the proper
coupon therefor.
" The principal and Interest of this bond are payable without deduction for any tax, or taxes, now imposed, or that may hereafter be
imposed, thereon by the laws of the Commonwealth of Pennsylvania,
or of the United States, for State, or United Stateii, purposes, which
the said Railroad Company is, or may be, required by the laws of the
Commonwealth of PeMnsylvanIa, or of the United States, to retain
therefrom, the said Railroad Company hereby agreeing to pay the
same. The interest on this bond shall cease at the maturity hereof
and satisfaction may be entered of record upon the said Indenture of
mortgage, given herewith to secure the payment hereof, within two
years after its maturity, unless within that period this bond shall have
been presented for payment and the payment thereof refused.
"This bond is one of a series of two thousand bonds, for one
thousand dollars each, numbered from 1 to 2000 inclusive, and
amounting In the whole to two million dollars, and is entitled to ths
security to be derived from tlie mortgage by the said Company, bearing even date herewith, of its railroad, corporate property, real and
personal, income, rights and franchises, executed and delivered to The
Girard Life Insurance Annuity & Trust Company of Philadelphia, In
trust, to secure the full and fln il payment of the said bonds, without
preference, priority, or distinction between the said bonds and this
bond is liable to mature before the first day of January, A. D. 19^1, in
the event of default In payment olf Interest, as Is provided In the said
mortgage; all of which, by reference to the said mortgage, duly
recorded, will more fully appear.
"The principal only of this bond may be registered in the name ol
the owner on the books of the said Railroad Company, at the office ol
its Treasurer, in the City of Philadelphia, but when registered a certificate of such registration shall be Indorsed hereon
and, upon such
registration, only the registered owner, or the legal representative ol
such registered owner shall be entitled to receive the principal hereof.
Such registered owner may, however, make this bond transferable by
delivery, by having the same registered on the said books to the bearer,
and having a certificate of such registration indorsed hereon. But this
bond shall continue subject to successive registrations In the name ol
the owner, or to the bearer, as aforesaid, at the option of the owner
hereof. The coupons issued with this bond shall, notwithstanding the
registration of the principal of tbe bjnd In the name of the owner, continue payable, at maturity, to the bearer.
"In witness whereof. The said Cambria ACiearBeid Railroad Company has caused this bond to be sealed with Ite corporate seal, and to
be signed by Its President, and the execution hereof to be attested by
Its Secretary, this first day of January, Anno Domini one thousand
eight hundred and ninety-one.
;
;
" The Camubia & Cleabfield Railroad Company,
Total
Total
$11,362,832
$11,362,832
" By order of Its Board of Directors.
Of the proceeds of $1,138,000 of the General Mortgage Five
" President.
Per Cent bonds sold since March.l, 1891, there had been used,
"Attest
up to June I, 1891, for new constructions, payment of floating
" Secretary.
debt and the redemption of $40,000 bonds of the Mountain
" This certifies that this bond Is one of the series of bonds wlthia
Water Company, the sum of $816,840 28, leaving a balance of
mentioned, and is entitled to the security of the mortgage within
$321,159 72 on hand available for additional construction.
Presented herewith are
A specimen bond a copy of the referred to.
General Mortgage, certified by Jos. H. Smith, Clerk and
"The Girahd Life Insubancb, Annuity & Trust Company
Recorder of Arapahoe County, Col. a copy of trust agreement of Philadelhia" Trustee.
between the Dr-nver City Waterworks Company and the Cen"By
" President.
tral Trust Company of New York, under which two million
(Form
of
Coupons.)
eight hundred and sixty-two thousand ($3,862,000) dollars of
" On the first day of
the Cambria & Clearfield Railbonds have been deposited to secure the payment of two million five hundred and seventy-five thousand ($2,575,000) dollars road Company will, on surrender hereof, pay to the bearer, at the
of prior lien bonds a copy of the franchise and contracts office of Its Treasurer, in the City of Philadelphia. Pa., twenty-flva
with the city of Denver and the towns of HiglUands, Barnum dollars In gold coin of the United States of America, being six months'
free ol the taxes mentioned In the said bond.
and Montclair certificate of Trustee as to acceptance of trust interest on Bond No.
" $25.
and amount of bonds issued.
" Treasurer."
Yours respectfuUv,
.-
:
;
;
;
:
,
THE AMERICAN WATER WORKS COMPANY,
By W. A. Underwood, President.
The Committee recommended that the above-described
$1,-
188,000 General Mortgige Five per Cent Gold Bonds, Nos.
2,863 to 4,000 inclusive, be admitted to the list.
^ Adopted by tlie Governing Committee June 34, 1891,
CAMBRIA & CLEA RFIE L) RAILROAD CO.
PROPERTY CONVEYED.
This Indenture Witnesseth, That the Cambria
&
Clearfield
in consideration of the premises, etc., etc., and for
securing the payment of the principal and interest of the said
bonds, does assign, transfer and set over unto the said Trustee,
its successors and assigns, as hereinafter mentioned, the whole
of the railroad of the party of the first part, extending north-
RR. Co.,
westwardly from theCresson Station on the Pennsylvania R.R.
Kay lot's Station on the Ebensburg &Cresson Railroad thence
FIRST MORTGAGE. SECURING $2,000,000 OF 5 PER CENT to
northwestwardly, by the valleys of the Chest Creek and the
BONDS
DATED
JAN.
AND
DUE
GOLD
JAN. West Branch of the Susquehanna River, to McGee's, on the
1, 1891,
;
1, 1941.
DcAe.
'
— January
1,
1891.
Parties.— T\w Cambria & Clearfield RR. Co., of the first
TOrt, and the Girard Life Insurance, Annuity & Trust Co., of
Philadelphia, Trustee, of the second part.
THE BOND.
"
United States of Ahekica.
"commonwealth of peknbtlvania.
'
"$1,000.
No.
' Five per cent Loan of $2,<'00,000, secured by First Mortgage.
Caraiiria&
Clearfield
Company
hereby
acltnowledges
"The
BE.
itself
to be indebted to the bearer, or the registered owner hereof, or to the
latter stream, a distance of about o5 miles; thence southwardascending the Vt.liey of the West Branch aforesaid, to a
ly,
connection with the route first mentioned, on Chest Creek,
near the mouth of Laurel Lick Creek, a distance of about 30
miles; together with the several branches thereof, constructed
and to be constructed, or hereafter acquired in the counties of
Cambria, Clearfield and Indiana, in the Stale of Pennsylvania.
Together tirith all additions, extensions, sidings and appurtenances thereof, and all laud, rails, bridges, wharves, rights
of way, stations, rolling stock, materials and personal property now owned, or that may hereafter be acquired for the busi-
JONB
THE (JHKONICLE.
27, 1891.
of the said railroad; itiui together witk nil the corporate
imujine and franchixi'H of the wiid railroad
company now owned, or that may hereafter U- a«'(|uired,
connected with the tuiid railroad; and a// the et*tate, ri)(ht,
title, interest, etc., now owned, or hereafter actiuired, ia and
to the same.
To have and to hold the Hame in trust for the equal pro rata
benefit and necurity of all the persons or corporations who
may become holders of the said bonds without preference,
priority, or distinction as to the lion of any over the olhem hy
reasonOf priority in time of issuing or neRotiating the same.
And subject, nevertheless, to the right of the said jiarty of the
first part to retain the free possession of the aforesaid railroad and property until the said Trustee shall enter upon or
sell the same, as hereinafter authorized and set forth.
(^ommercml Xtmes.
COMMERCIAL EPITOME.
'£ht
neaet
rif;ht«, privitegeti,
And it is hereby expressly covenanted and understood:
PRINCIPAL AND INTEREST TO BE PAID PUNCTUALLY WITHOUT DEDUCTION FOR ANY TAXES THEREON.
First. — That the railroad company will punctually pay to
the holders of the bonds aforesaid both the principal and" interest thereof, aa the same shall become due and payable,
•without deduction from either the said principal or interest
for any taxes imposed thereon by the laws of the Commonwealth of Pennsylvania, or of the Uniied States, for State or
United States purposes, which the said railroad company may
be required by the laws of the said Commonwealth, or of the
United States, to retain therefrom the said party of the first
part hereby agreeing to pay the same.
—
DEFAULT FOR SIX MONTHS— TRUSTEE WHEN REQUESTED BY
HOLDERS OF ON&FOURTH THE BONDS SHALL TAKE
POSSESSION OF AND OPERATE THE RAILROAD.
In case of default for six months in the payment of principal or interest of uny of said bonds, the Trustee shall, upon
the written request of holders of one-fourth in amount of the
said bonds then outstanding, enter upon and take possession
of the railroad and premises hereby mortgaged, and operate
the same to the best advantage, appropriating the net income
therefrom (after deducting the e.vpenses of this trust) to the
payment in full, without preference to one bond over another,
firstly, of the interest due on, and, secondly, of the principal
of all of the aforesaid bonds, then outstanding and hereby
secured, in full, if the said income and proceeds be sufiicient,
but, if not, then pro rata.
977
Kbidav Nkiht. June
»«,
1881,
Violent ttorinn have mvurred in the middle latiUulM of dM
tranH-MimiMlppi region, priwtrating tclegraphfi ami "^ming
fl lodx which nave (lamagfd rallroadii, preventing the running
of trains. It is also inferred th»t much injury wan done to
the crops in low-lands, but on this point infoniwtion U inoomplete, anil yet Heemnd sufficiently prot>«bl« to check a d«oUlM
in breudHtiilfH.
The State of Iowa appear* to have been the
principal sufferer. The weather in other part« of th>< countrj'
Las been summer-like and generally favorable to the groirlng
crops, which have made great progreoo: but ncnrc.hinic heat
waB reported from some parta of Texas. The Rpt-ciilatian in
breadstuffs early in the week was toward lower prici-s and
aa values gave way the purchase? of wh^at and com for export were on a liberal scale. At the same time a check waa
given to the decline in cotton. A number of failures in the
leather trade have occurred.
Lard on the spot has declined, hut at the decline there is at
the close a fair degree of activity, prime City selling at 5*fl09
5-65c. and prime Western at 6-37^c., with refined for tho
Continent quoted at 0-25 afiOOc. Lard for future delivery declined materially early in the week. Tliere was some preasure to sell owing to the full receiptaof swine at the West, the
favorable prospects for the next corn crop and the belief that
stocks are still large but latterly there has been more steadi;
;
ness,
though without much
activity.
DAiLT OLOsino rKiois or lakd Fvnnua,
gal.
luIydBllvery
AnKHBt
rtellvpry
lion,
c.
6-4'i
6-3!»
o.
6 80
650
6 72
6-8i
6-73
8<-pi«Mnher delivery ....0.
Ooiolicr delivery
c,
6-8iJ
tuti,
Waa.
Th%tr
6-26
6'*a
6 96
6-67
6-28
6-75
«-39
623
6'
6B1
662
642
6-54
6 65
1
6-62
6 39
Pork has slightly declined, the lower prices leading to a
better business, and the close is fairly steady at $10-35(3 $10-76
for old mess, $11-50 "$12 for new mess, $lU-50a|ll for extra
prime and $12 u $13-50 toi clear. Beef is steady; extra mess,
$9-60(*$10-25; packet, $10 "$10-50; family. $11-.tO'/i$12-50 per
Beef hams are
bbl.; extra India mess, $17(<t$l9 per tierce.
nominal at $13 per bbl. Cut meats have been more active,
and prices at the close are a fraction dearer. Quotations are:
Pickled bellies. SJ^ttdc.; pickled shoulders, 5ii5}^c., and
OR THE TRUSTEE UPOK LIKE REQUEST SHALL SELL THE hams, 10((«10i^c. Smoked shoulders, 5^@6c., and hams, 11
PROPERTY AT AUCTION.
(ailj^c. Tallow has declined, closing quiet at 4 ll-16c.
Or the said Trustee shall, upon the written request of Stearine is easier at 7% a 7%c. in hhds. and tierces, and oleoholders of a like amount of the bonds then outstanding, proceed to sell the railroad and franchises and premises hereby
mortgaged, to the highest and best bidder, at public sale in
the City of Pniladelphia, Pa. (first giving at least two
months' notice of such intended sale, by publication to be
made twice a week in each week, in one daily newspaper
published in the said city), and convey the same to the purchaser, freed from all the trusts hereby created. The purchase money, after deductions made for expenses of the trust
and indemnity lo the trustee as aforesaid shall be applied to
the payment as aforesaid, /rsWj/, of the interest due on, and,
secondly, of the principal of, the said outstanding bonds, in
full, if said purcnase money be sufiicient, but, if not, then
pro rata.
IN CASE OF
DEEDS OF FURTHER ASSURANCE.
company shall and will, from time to
time hereafter, upon the demand of the said Trustee execute
—The railroad
such further dt-eds, for the betterassuring unto the said Trustee
the property hereby conveyed or intended so to be as by the
said Trustee shall be desired for the better securing the pay-
ment
I
I
ENTRY OR SALE AS AFORESAID THE PRINCIPAL
OF THE BONDS SHALL BECOME DUE.
In the event of any such entry upon the said railroad,
or in the event of any sale thereof by the said Trustee, as
hereinbefore mentioned, or otherwise, then, and in either
such case, the whole principal sum of each and all of the
said bonds tlien outstanding and hereby secured shall forthwith become due and payable.
Third.
margarine is steady at 6i^c. Butter closes steady at 18<a 19c.
for creamery ard 12 'i I4^c. for Western factory. Cheeseia
fairly active at 7J^'<<s8J^c. for State factory full cream.
Coffee on the spot has been firmer, and closes at nj^c. for
No. 7 Rio, at which a fair business was done to-day, and of
mild grades interior Padang sold at 23^c., the same from
May sale at 22J^c. and Timor at 22J^fd22%c.; also 11,000
bags Maracaibo on the basis of ISJ^c. for good Cucuta. The
speculation in Rio options made a considerable advance in
prices, the rise being at first due to a demand to cover contracts, but today there was a further advance, with considerable buying for the "long" account. The close was steady,
with sellers as follows:
14C0c. Jannarr
16-600. Ootolier
13 'Oo.
Jaly
i5-.5o. niivBinher.. .. 1410c. Feb nary ._.. 13 'Do.
AugUKt
13 Oo Murcb
13--.o«.
September
15 25o. Dec«iul>er
Raw sugars have been active and close at 3c. bid for fair re,
fining Muscovado and 3J^ <*3 7- 16c. for centrifugal of 96 deg
test. Four cargoes of the latter sold to-day at the higher figure to
go to Philadelphia and Boston. Tre sales yesterday embraced
7,915 ions and 25,000 bags Muscovado, 89 eg. test, at 3c., and
18.000 bags centrifugals, 96 deg. test, at 3%c. The speculative values of raws were lower early in the week, but improved, and 150 tons sold todav at 3-32c. for July; quoted at
Refined
§-34(d3-40c. for August and 354 a 3-58c. for October.
sugars are fairly active and dearer crushed 5c. granulated
\Mc. Molasses is nominal at llj.^'al2c. for 60 dig. test. Tha
tea sale on Wednesday went off at steady prices for greens,
but blacks were easier.
Kentucky tobacco has been quiet, but prices are pretty
well maintained. Seed leaf was more active. Sales for the
week are 1.939 cases, as follows 445 cases, crop of 1890, New
400 cases, crop of 1890, New
England Havana, 23(g27c.
England seed 22vct25c.; 304 cases, crop of 1890, Pennsylvania Havana, 7c.@40c. 50 cases, crop of 189<i. State Havana,
on private terms 225 case.i, crop of 1889, State Havana,
13%r(iil6c.
140 cases, crop of 1889, Penn.sylvania Havana,
6i^(^
12>i(gl4J^C. ; 150 cases, crop of 1889, Wisconsin Havana.
12Uc., and 150 cases sundries, 7,g85c. also 600 bales Havana,
at 70c.fa$l-15.
On the Metal Exchange Straits tin has declined, and closes
dull and heavy 35 tons sold to-day at 20-85c. for July(9
Ingot copper is firmer, but nominal
30-45c. for November.
Lake quoted at l^lc. for July. Domestic lead is firmer, but
quiet, at 4}^c. The interior iron markets are unsettled by
reports of impending labor troubles, which may cause the
closing of many mills, and finished irons are more firmly
held.
Refined petroleum is again easier at 7-05c. in bblg.: 8-660.
incases and 4-50c. in bulk; naphtha 6-55c.; crude in bbla.
of the principal
and
interest of the bonds.
RELEASE OF PROPERTY FROM THE LIEN HEREOF.
Fourth.— It shall be lawful for the railroad company, with
the consent, in writing, of the Trustee, to exchange for other
property, or to sell, any part of the hereby-mortgaged estates
and premises, free and clear from the lien of these presents.
Provided, however. That the proceeds of any sale so made
shall, at the option of the railroad company, be invested by it
either in the improvement of any remaming part of the mortgaged premises, or in the purchase of other property, real or
personal, which property so purchased, as also any that may
be acquired in exchange as aforesaid by the party of the first
part, shall be subject to all the trusts hereby declared, or in
the purchase of bonds hereby secured, which bonds so purchased shall be forthwith canceled and dehvered to the
Trustee.
NEW TRUSTEES TO BB APPOINTED BY THE RAILROAD
COMPANY.
Fifth.— In the event of the resignation, neglect, refusal, or
incapacity to act of the Trustee, then the railroad c )mpany
shall have full p iwer and authority to nominate and appoint
a new Trustee, or trustees, for the purpose of filling tiie
vacancy so.caused, and supplying the place of such trustee,
or trustees, resigning,
incapable to act.
neglecting,
refusing,
or
becoming
I
I
>
;
.
:
;
;
;
;
;
;
8-65c.
and
in
bulk 3-95c.
Crud»
certificates
have farther de-
clined and close to-day at 68J^c. Spirits turpeniiue is lower
at 37W ctSdc.. cloeingweak. Uosins are also k-wer. at $l'S5d
$1-40 for Btrained. Wool and hops are quite unsettled.
THE CHRONICLE.
978
[Vol. LU.
COTT ON.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
Friday, P. M.. Jane 26, 1891.
We add similar figures for
cleared, at the ports named.
The Movement of the Crop, as indicated by our telegran: s New York, which are prepared for our special use by Messrs,
from the Soutli to-night, is given below. For the week ending Oarey, Yale & Lambert, 34 Beaver Street.
bales,
this evening the total receipts have reached 1.5,413
On Shipboard, not cleared—for
against 20.6'n bales last week and 27,303 bales the previous
week, making the total receipts since the 1st of Sept., 1890,
6,848,569 bales, against 5,777,946 bales for the same period of
1Q89-90 showing an increase since Sep. 1, 1890,of 1,07 0,623 bale?.
.
Receipts
at^
Mon.
Sat.
Tuea.
Wed. ]TKurs.
|
Fri.
Total
|
313
85
119
237
100
72
956
Kew
423
1,016
4
449
26
62
73
709
187
3,792
135
1,133
as
216
489
308
238
626
460
2,337
Mobile
513
Florida
Bavaunab
Brunsw'k, Ac.
Cliarleston
21
136
14
89
69
Port Royal.&c
Wilmington
Wa*i'gton,&c
22
16
25
1
9
234
740
337
287
114
48
274
1,033
19
157
99
Point...
74
160
523
487
York
Boston
204
164
361
1,055
1,695
50
160
206
Baltimore
PMladelph'a.&c
207
120
I4Q
55
109
week
1,775
3,163
3,241
1,463
1,532!
Totals
4,238i 15,412
For comparison we give the following table
-week's total receipts, the total since September
the stock to-night, compared with last year.
Since Sep.
Thit
Week.
1,
1890.
Galveston
ElPaeo,&c.
956 *997,738
New Orleans.
3,792 !,040,848
513 292,023
44,560
2,337 ,113,399
188,199
388 005,563
1,008
74 188,170
3,746
639,056
1,809
344,980
1,941
96,672
487
207 131,407
852 116,375
361
50,018
67,443
1,695
. .
Mobile
Florida
Bavannah.
..
Bruns.,cfec.
Charleston ..
P. Royal, Ac
Wilmington
Wash'tn.&c
.
Norfolk
West Point.
NwptN.,&o
Hew York.
..
Boston
Baltimore.
..
Phil'del'a,<feo
Slock.
Since Sep.
1, 1889.
Thit
Week.
1890.
1891.
838,002
23,212
7,734
103
1,211 1,947,114
87,241
29,599
239,805
32,265
934,947
162,962
320,207
1,833
132,673
3,740
401,940
325,146
53,953
114,407
71,923
87,670
81,073
8,841
735
7,465
1,070
5,592
299
4,149
449
8,'?63
3,710
43
23,764
22
971
120
20
278
417
28
115
56
20
1.767
2,221
161,066
83,705
2,400
2,592
8,827
2,500
6,104
8,414
311,85^
3,301 5,777,9461
15,412 6,848,5691
1,320 bales added as oorreotlon o( receipts since September
Totals.
*
showing the
1, 1890, and
1839-90.
1890-91.
Xeeeiptt to
June 26.
1,809
1,941
487
207
S52
361
N'wp'tN'8,&o.
»ew
tills
388
59
5,585
2,307
Galveston
None.
None.
None.
None.
None.
4.200
7,500
None.
None.
None.
None.
None.
325
None.
Total 1891...
17,285
Total 1890...
Total 1889..-
11,416
16.509
Charleston ....
Mobiie
Norfolk
New York
Other ports
1891.
1890.
1888.
1889.
None.
2,000
1,500
1,500
None.
None.
2,632
3,759
50
2,700
4.966
4,.500
1887.
1886.
New
Orleans
Mobile
B«T»nnah.
956
43
3,792
1,211-
513
22
971
..
2,337
Charl'at'n.&c
333
Wllm'gt'n,&c
74.
Norfolk...
W't Point, &o
Allothers.
Tot. this week
115
833
72
215
18
346
38
232
5,805
1,214
37
1,023
19
2,735
110
2,087
1,186
12
1,459
1,695
1,809
2,423
S,115
9
277
371
923
12
121
6
3,292
1,128
1,639
3,208
2,722
15,412
3,301
1,961
15,026
3,598
13,510
sell
fpThe exports for the week ending this evening reach a total
of 24,517 bales, of which 17,064 were to Great Britain, 258
to France and 7,195 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1890.
-Exported
Sxportt
Total
great
Week. Britain. Trance
GMreston
Kew
616,13 J
Orleans..
8,811
6,646
10,467
Mob. & Panc'la
8*T»nnah
Brunswick
Cb&rlestoQ
....
WUmlngton...
Norfolk
Wast
June
Exported to—
Sept. 1, 1890, to
to—
Great
OonMBHt'n. France nent.
from—
From
J-rnit 26.
849
648
Point...
N'port Nw«, Ac
KeirTork
Boston
6,888
8,819
B58
3,284
100
9,200
3,419
Baltimore
Phll»delp'a,4o
Total
Tatal, 1880-90.
"892
892
17,064
258
7,195
11,098
16
786
26.108
Oc 9,094 403,068
71,367
150
128,457 37,595
98,630
119,6S9
98,532
269,186
138,816
73,019
498,066
216,830
73,098
26,167
24,517 8,289,071
16,330
1,647
11,599
719
41,560
11,217
26, 1891
Oontint/nt.
7,054
7,165
5,292
300
None.
8,841
2.000
6,025
9,000
6,763
155,041
16,155
3,761
27,437
284,42*
2,338
5,357
16,504
31.332
117.885168,446.
market
in cotton for future delivery at this
spot business at Memphis also contributed to the strength
of this market. To-day the market was very unsettled.
There was an early advance in response to stronger reports^
from Liverpool and Manchester; but there was a very free
selling movement, under which prices rapidly declined. August contracts soon dropped from 8'14c to 8'Olc. A partial
recovery was attended with desultory dealings and the close
was dull. August and January continue to be the most active months, but to-day July and September were freely dealt
in.
Cotton on the spot has been rather more active for home
consumption, yet no considerable business was done, and the
close to-day was quiet and unchanged at 8J^c. for middling;
uplands.
The total sales for forward delivery for the week are 500,600
For immediate delivery the total sales foot up this week
bales.
8,105 bales, including 1,103 for export, 2,293 for consumption,
bales'
in transit. Of the above
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week— June 20 to June 26.
—
—
—
-
UPLANDS.
I*IOD|Tne»
sat.
V
Ordinary
lb-
Good Ordinary
Low MiddliQE;
5\
5\
5%
63,8
03,6
63,g
.
.
Pair....:
y^
1033
10^8
103b
lO'e
GULF.
63.8
§ii«
838
9I8
913
1038
107a
Tl».
Frt.
5\
55i
63l6
71 6
77,8
63,8
71,8
7',
7lS,6
833
9I3
913
......
Wed
l>
7',6
7I1B
713,^
83,6
833
9I8
Middlintf
aood Middling
Good Middliiiar
Strict
l^r
83a
9%
713,6
83,8
83a
913
913
1038
lO'a
91a
1038
10T3
10%
107e
mon Tnesi Wed Tb.
Sat.
718,«
K3ii
83^"
919
913
Frl.
63,8
63,8
63,e
6^8
658
65»
6-'8
658
658
6»8
7i«
71.3
7^
71a
Ta
71a
7 'a
7 '8
779
773
7'8
7^8
8I4
8I4
8
814
814
SH
Middling
Low
14
858
858
853
858
858
8=8
Strict Low Middling
813,8:
813,6
813,6
813,6
813,6
813,6
Mtddlinff
........ ... 99,8
Gl-ood Middling;
9^6 9''l6 99,8 99,6
916,6 9l4,6 9>S,8 91»16 915,6 9l*lft
strict Good Middling
1013,6 1013,, 1013,6 1013,6 1013,, 1013i»
Middling Fair
116,, ll'lB 115,6 116,6 llBlR
115,.
Pair
Total
102,952 643.180
557,896 1,9»0,917
100
74,017
»07,7911
433,741
I21,00t)
23,366
248,241 411,il60
168,369
63,180
45,871
31«,6o0
32,530 166,346
73,'; 88
726,840
189,214
334,146
7,816
86,663 173,078
27,081
1,914
1,792,968 6,636,240
11.899 2,821,205'476.0S9 1,609.334 4,805,608
»lb.
Ordinary..
BlnceSept.l. 6848.569 5777,646 5487,661 5431,999 5190,442 5260,703
Week Ending
78,109<
680
300
300
318
120
20
378
445
191
51
9,132
opened the week under review somewhat depressed in tone,
but prices made but a slight decline, and presently values
developed more strength than for some time past. It became
evident on Monday that the " long" interest in this crop had
been pretty well liquidated, and there was just enough in the
reports of excessive rains and grassy fields in some portions of
the South to prevent any free offerings of the next crop.
The comparatively low prices now current for this crop were
also an element of strength, and on Tuesday an early decline
was more than recovered. On Wednesday Liverpool reported
a decline in futures, which was partially recovered, with an
active spot market. Prices with us opened without much
change, but turned stronger, and became fairly buoyant
where
the
official
Texas,
on drought reports from
heat.
An activerecords showed a high degree of
3triRt
1,
Stock.
Total.
481
680
300
759
None.
None.
None.
None.
None.
Middllne Fair
QalT'iiton,&c
Coastwise.
134,099
In order that comparison may be made with other years, we
give below the totals at lea ding ports for six seasons.
Beceipttat—
Other
France. Foreign
New Orleans...
The speculation
Norfolk
West
Great
Britain.
Savannah
Galveston
El Paso, &c...
Orleans...
Leaving
Jime 26 at—
STAINED.
Good Ordinary..
Mon Tues Wed
Sat.
9\X>.
Middling
5H
618
512
013
7
7
713,6
713,,
51a
6i«
7
713,6
51a
61a
Til.
Frl.
513
6i8
513
6I3
7
713,6
713,8,
7
713,6
MARKET AND
SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
BALKS OF SPOT AND TRANSIT.
Salet of
SPOT MARKET
Fx-
CLOSED.
port.
Saturday Quiet
1,103
.
.Monday. Easy . .
Tuesday.. Steady
Wod'day Quiet .
Con- Spec- Transump, ul't'n sit.
.
Thursday Quiet...
P»iday... Easy
.
.
Total
1,103
Fuluret.
,
^oiai.
359
432
499
423
289
291
1,462
291
53,500
75,600
100,300
108,000
63.400
90,900
2,293
3,396
500,800
432
499
423
239
The Sales and Prices op Futures are shown by the
foUowing comprehensive
table:
'
JOME
THE CHRONICLE.
27, 1891.]
aii)
1801.
took St
Liverpool
Bto«k at LoDdoD
'I
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tClU
CO
tCtO
^
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CCQOCOO
»,;^:
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(XX
^
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tOIC
« ®:
OrxCOD
2
I
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te-i
•>
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QCCO
i
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"
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tCM
Ot
tf^^
00
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5
0000
o-'*.
to
2
•*
5
2
"^
c
a.":
ccQooao
cHciiO^
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XOn
I
2
a.-';
s>
a
CO
ccop
'^Z
cc
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vci
^
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cc
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xxox
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I
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I
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00
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UOCC*
«.«:
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5
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600
200
800
0,000
345,000
9,000
104.000
9,000
31,000
5,000
171,000
4.000
74.000
8,000
0,000
28,000
101,000
5,000
HS,000
15,000
7,000
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8,000
88.000
7,000
7,000
500,600
370,800
279,200
283,4'
5'
2
Onlted States luterlorstooks..
United SMtes exports to-day.
ooooooo
Total American
Matt Initiaii, Brtuil,
Liverpool stock
XQO
ContiucutalHtucks
India afloat for Kurope
Egypt, Brazil, &c., afloat
«.^;
I
00
io°a
ccoD
ea
5"
Loudon
95.103
2,956
to
ooxooo
Htoclc
foul American
ocxoco
^
o;:j>
I
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-1
CO!
"I
1
».":
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e,)3,(Mlo
S.-tOO
40390
13^000
300
700
935,400
135,000
U3,000
11,000
2t#3,8«B
49.717
2,087
2 384
230,000
16,000
166.600
184,000
27,000
337,000
623,000
658.800
1
1 2,000
OU,800
49.717
2,087
996,759 1,070,673
250,000
is, 000
11D,-200
1-<3,000
112,000
21,000
13.000
1 63.000
14,000
114,400
135,000
11,000
525,200 439,400
0UU,739 1.070,672
Total visible supply..
2,469,316 1,602.498 1,521,930 1,510.072
Price Mid. Upl., Liverpool..
4iad.
6^d.
6'ud.
5>«d.
Mid. Upl., New Vork....
Price
Yo
lliSuo.
S^sc.
lie.
lO'uc.
•
tS^ The imports into Continental
ports this
week have been
70,000 bales.
ft."":
to
..
OCOOCOD
OCOOOO
16, .597
586
1,815,916 1,033,603
"
*
Mt3
1b,023
1,815,910 1,033,099
^—
Total East India, <fcc
CO
0C0DO30
iica*to
g-.o
^
0000
C^CO
;
3
c;tyi
•!
1
s.":
The above figures indicate an increase in the cotton in sight
to-night of 777,018 bales as compared with the same date
of 1890, an increase of 947,557 bales as compared with the
corresponding date of 1889 and an increase of 959,444 bales
as compared with 1888.
AT THE Interior Towns the movement—that
is
the receiptB
and since September 1, the shipments
week and the stocks to-night, and the same items
for the week,
for the
for the
corresponding period of 1889-90—18 set out in detail in the
-J
following statement.
'
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M*
mmmco^ commx!
OiCOCOmMCC^COOi^.
cc;*
m: 0->
cue?
•.-:
-JO
*»
a«-
.
•
:
•
;
•
;
.
M
cow
oc«<»Mg»M
M-jcox^o*#k
MM
c Cf
-J -J
X OI
III
c
MOkOW —
»0C0
->eoaD*rlo':;»*o
xcoi-j-i;.^k5
M^xccxoato
I
«:o
OCO
CO
:
I
©ecocD
66°6
OM M
4SM
CBC
C-J'-'OS
xop
*1
«
XX
2
''
OCOO
-J-4
XX ^
drOD
9
•0
QCQt
coi
co>
'
h°(i
ol-iC'i
«
834,000
2.300
38,600
17,000
CO
•*
I
I
OrODOOO
-JOC
•j-j
-JOB
X
-J
»oo
CO
2
MOM'* 66
c?i
It^
9
4,l00
136,000
83.000
934.800
8.000
93,000
7,000
Total visible supply
2,469,516 1,692,498 1,521, 930 1.510.073
Of theabove, thetotaUofAmerloau and other descriptions areas follows:
American —
Liverpool stock
bales.
933,000 585.000 557, ,000 474,000
UoDtltietitnlHtocks
394.000 261,000 164. 000 168.000
Aiuerlcau afloat (or Europe...
109,000
35,000
57 000
93,000
United States stock
31l,S.57
134,080 199, 773 283.869
I*-
5
'
5
ocacoQD
tccj^co
ex*-
»r:
1. 179,000
10
to
axcx
X X C X XXQX QCXpX xxox
C3C^O» 0»0' 4,;
®
Co
xxcx
o
1
XX
I
00
;
-jd®c c-j*6 cciO,
O M<0
*-co
to
-3C to
2
CO
a
"
».>«:
rfl^O^o
I
00 00
8IS,000
1B,000
Total Continental atocki
WQD — •<
OJO
CW M
QU
aoo
en
8' oi
otcccx
o
^
—
OCXCX OOXCX
a 00
55
2
ODOD
00
o
oi^:
GCOCCCO
05
6 mO
QpQO
»cto
I
o
I
GCODCOO
e<g
I
I
-J-JO-I
C50 •
we; to"'
aooooo
•
**
»*:
Gtob
tacB
IBM.
8M,U0O
l'i,000
Total Enroitean itocka.. .. 1,789,«I00 1,304,800 1,113,200
India ptitton afloat for Kurope.
184,000 1>I5,000 ll'.2.000
A mer. rot I' n afloat for Kiironrt
101»,000
3.>,000
57,000
Bgypt, Brazil. >V(v,unt for K'ppe
27.(M)0
15,000
21,000
Stock la Uultcd State.i poru ..
311,857 13t,0>ii) 199,778
Btook In U. B. Interior towna..
95,103
lii,0'2:<
16,597
United States export* to-day.
2,030
586
2,384
1
i'
<
I
•
1S«9.
0M,OOO
16,000
Total flrrat Britain itook.
9tork at lliiiiiliiirg
Htock at ftrtiint^n
.••.«••
Stock ttt Aiuilerdsm
Stock at KottonlaiB
Block at Antwerp
Btook at Havre
Stock at ManwIIlM
Stock at Barcelona
Block atu ..J
Stock at T.i.'<t«
•I
1890.
balM. l.IM.OOO
coco
ex
«
I
-X
iC-CIt
O
-1
CO
«
5
*p5
9
*•
:
I
X|
-110
Cfl
to
Ihe following exchanges have been made during
•51 pd. to exch. 1 ,000 Aug. tor Jan.
•65 pd. to exch. 300 .Tuly (or Jan.
•67 pd. to exch. '200 July for Jan.
-34 pd. to excU. 500 Anic. for Jan.
-13 pd. to exch. tiOO Auk. for Sept.
-56 pd. to exch. 1,100 Aug. for Jan.
•70 pd. to exch. 300 Oet. for May.
•12 pd. to oxch. 100 July for AU(?.
•45 pd. to exch. 100 Auif. for Dec.
•22 pd. to exch. 100 Hept. tor Nov.
-10 pd. to exch. 500 Dec. for Jan.
§!3
«:
OOOOOO
•a',
u (0 M o ^ «• ee "^ ^ cc gi X CO
rf-vx wMrf*--ao**.QDfe_^*jes«c«xpoD
^ cc
2
•-•
ea
Ilk.
V
1
00*
COC0rfii>"^U^l«>CXA'C-^XC0C?-^^OW
the week:
•30 pd. to exch. 100 Sept. for Moh•11 pd. to exch. 700 Sept. for Oct.
12 pd. to exch. 100 Aug. for Sept.
62 pd. to cieh. 200 July for Jan.
•.il pd. to exch. 100 Aug. for Jan.
23 pd. to exch. 3,000 July for Sept.
•10 pd. to exch. l,400July for Aug.
•82 pd. to exch. 1 ,500 July for Mar.
•11 pd. to exch. l.SOOJuly for Aug.
•12 pd. to exch. 100 Aug. lor Sept.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (June 26), we add the item of exports from
the Umted States, i&cludiag in it the exports of Friday only,
Mw
«^
>*•
c;i
e^u;^i4
i
03<D
CD <i O"
*
I
{
a
"-• tl»
W
%
<10
1^.
*k
Loalsville Ugures "net" in both years.
year's flgures arc for OritUu.
This year's Uguren eatluiatod.
I..\st
The above totals show that the old Interior stocks haTa
dccrea.icd during the week 8,954 balee, andare to-night 77,080
bales 7nore than at the same period last year. Tlie receipts at
same towns have been 4,78'3 bales more than the same
week last year, and since Sept. 1 the receipts at all the towns
are 703,183 bales more than for the same time iu 1889-90.
the
THE
960
OHItONICLE.
Quotations fob Middlino Cotton at Other Markets.—
Below we give closing quotations of middling cotton at South
em and other principal cotton markets for each day of the week
CLOSINa QUOTATIONS FOR MIDDLINO COTTON ON —
Week ending
Jnne 26.
Salur.
Oalreston...
Hew Orleans
CbarleBton.
WlIminKton
8
Norfolk
Boston
Baltimore...
8
S3»
838
8
8
83e
8^8
PUladelplua
Aagnsta ....
8^
8%
8
8
6
8
8
Memphis
...
St. Iionis
Cincinnati
Louisville.
..
Thuri.
FH.
7-'8
7'8
7'8
7'*
'\
73,.
7.3.,
8
8
838
839
8
8
838
838
8%
7\
8%
7^
7^8
7 '8
713,g
71=.!.
T''
8%
8%
.
Wednei.
7^8
8
7l3l6
8
Barannah...
1
?is'«
7's
MobUe
Tues.
iron.
8
8
8
8
838
838
8%
838
8%
7%
8%
7\
7 'a
8
7 '8
8
T'a
8
8%
8%
8*»
8>a
8%
8l2
8i«
The closing quotations to-day (Friday)
Southern markets were as follows:
Atlanta
8
Little Rock
Oolumbua, Ga.
Montgomery
8
.
|
7^
|
758
I
.
Nasbrille
Nalcliez
834
8^4
at other important
7
7%a'e
758
7i8
Selma
7lii
Sbrevcport
KiUeii;h
S
7^4
—
Receipts From
the Plantations. The following table
the actual movement each week from the plantations.
Indicates
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weeklj
movement from the plantations of that part of the crop whicl
finally reaches the market through the outports.
Wetk
Mndtno—
Receipt* at the Porta.
1889.
St'Ti
at Interior Towna. Rec^ptsfrom Plant'ru
1890.
1891.
1889.
1890.
14,194
38.413
38,073 l.W.OSO
33,508 112,695
31,131 131.781
26,68i 119.785
I
Mar
•'
June
21...
9,7i3
13,883
29...
7,690
8,776
38,591
33,083
6...
6,710
1,487
30,996
31,708
"
12.
19..,
5,188
3,801
4,883
"
"
3,347
27,303
20,621
26,092
22,878
28..,
1.961
3,301
15.412
18,419,
1891.
1889.
1800.
1891.
I
20.!li5
1,909
7,787
4,211
5
2,110
20,082
16,307
438
22,527 112.811
17,718
87
13 617
19,281 103,484
Weather Reports by Telegraph.- Our
6.085
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1890, are 6,938,440 bales; ir
1889-90 were 5,784,766 bales; in 1888-89 were o,490,735 bales.
3.
That, although the receipts at the outports the past week
were 15,412 bales, the actual movement from plantations was
only 6,085 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantationsfor the same week were 38 bales and for 1889 they were
—
bales.
Overland Movement for the Week and since Sept. 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending June 26
and since Sept. 1 in the last two years are as follows:
that, favored by high temperature and
sufficiency of rainfall, cotton in most districts is now de-
veloping rapidly. At some points grass is complained of.
Oalveston, Texas.~lt has been showery on one day of the
week, the precipitation reaching seven hundredths of an inch.
Average thermometer 81, highest 88 and lowest 74.
Palestine, Texas.— Cotton and corn have been greatly benefitted by the rain, which has fallen on two days of the week.
The rainfall has been one inch and twenty hundredths. Th«
thermometer has averaged 80, the highest being 96 and the
lowest 64.
Huntsville, Texas.— Cotton and corn are in fine condition.
It has rained moderately on two days of the week, the precipitation reaching ninety-eight hundredths of an inch. The
thermometer has averaged 83, ranging from 68 to 98.
Dallas, Texas. We have had moderate rain on one day during the week, the rainfall reaching sixty-eight hundredths of
an inch. Cotton and corn are doing well. The thermometer
has ranged from 72 to l"^!, averaging 86.
San Antonio, Texas.— The weather has been dry all the
week. Average thermometer 84, highest 100 and lowest 68.
Luting, Texas.— No rain has fallen during the week. The
thermometer has a\ eraged 86, the highest being 103 and the
lowest 70.
Columbia, Texas. Cotton and corn look promising. There
has been rain on four days of the week, the precipitation
reaching one inch and twenty-one hundredths. Crop reports
are conflicting. The thermometer has averaged 82, ranging
—
from 68
to 96.
—
Cuero, Texas. It has rained heavily and just as needed on
one day of the week, being of great benefit to cotton and
corn, which are now very promising.
The precipitation
reached cne inch and fifty hundredths. The thermometer has
ranged from CO 10 102, averaging 81.
Brenham, Texas. Corn needs rain, but cotton looks very
promising. Dry weather has prevailed all the week. Average thermometer 83, highe-t 98, lowest 68.
Belton, Texas.
No rain has fallen during the week. The
thermometer has averaged 88, the highest being 98 and the
lowest 78.
Weatherford, Texas.— \t has rained moderately on one day
of the week, the rainfall being ninety hundredths of an inch.
Corn and cotton are doing very well. The thermometer has
averaged 85, ranging from 70 to 100.
have had rain on two days of
New Orleans, Louniana.
the week, the rainfall reaching fourteen hundredths of an
inch. The thermometer has averaged 83.
Shreveport, Louisiana.— It has rained on one day of th«
week, the rainfall reaching thirty-six hundredths of an inch.
*
Average therraomfcter 83, highest 97 and lowest 71.
Columbus, Mississippi. No rain has fallen during the
week. The thermometei has averaged 84, the highest being
98 and the lowest 67.
Leland, Mississippi. Telegram not received.
Vicksburg. Mississippi. There has been no rain all the
week. The thermometer has ranged from 80 to 93.
Clarksdale, Mis.^issippi. Crops are grassy. Rain has fallen
on one day of the week to the extent of fifty hundredths of
—
—
—We
—
—
an inch.
1890-91.
JuiM
26.
Week.
1889-90.
Since
Sept.
Since
Week.
1.
Sept.
1.
thtpped—
Via St. Louis
Via Cairo
Via Hannibal
3,611
1,164
Via Louisville
Via Cinciunati
Via other routes,
"734
206,757;
1,227
178,281
146,401
463
<feo
657,151
255
65
29rt,9i»7
85,262
27,292
7,199 1,598,14V
Deduct ship/tientis—
Overland to N. Y., Boston, &c..
598
228
410
927,516
311,037
58,788
20,730
123,473
215,031
158,412
1,656 1,414,987
1
3,115
183
878
368,213
111,279
105,544
941
355,133
56,578
117,554
Total to be deducted
4,176
585,066
1,137
529,265
Leaving
3,023 l,013,075i
419
885,722
Between
interior
towns
Inland, &c., from South
total net overland*..
191
5
movement by rail tc Canada
The foregoing shows that the week's net overland movement
*
Including
this year
has been 3,033 bales, against 419 bales for the same
week in 1890,,and that for the season to date the aggregate net
overland exhibita an excess over a year ago of 127,353 bafcs.
1890-91.
In Sight and Spinner
Takings.
Week.
Receipts at ports to June 26
Net overland to June 28
Southern consumption to June 26
Total marketed
Interior stocks In excess
Came into sl(?lit during week.
Total in sight June 26
1
1
I
I
/Since
Sept. 1.
6,848,569
3,023 1,013.075
7,000 520,000,
5,41
1889-90.
Week.
Since
Sept.
1.
3,301 5,777,946
419 885,722
6,000:
466,000
25,435 8,381,6441
9,720 7,1 29,66S
*9,327
89,871 *3,263|
6,820
16,108
8,471,519
advices by tele-
graph to-night indicate
—
r^
8
Newberry
I
Columbus, Miss
Eufaula
7 '9
LVoL. LIL
6,4571
.|7,136,488
MoTth'n spinners tak'gs to J'ne 26^
1,926,036
11,729,013
* Loss In stock during week.
It will be seen by the above that there has come into sight
during the week 16,108 bales, against 6,457 bales for th»
samo; week of 1890, and that the increase in amount in sight
to-Dight as compart d with last year is 1,335,027 bales.
—
—
—
Meridian, Mississippi. It has been dry all the week, and
The first open boll was received on Thursday.
is needed.
The thermometer ranged from 66 to 96.
Little Rock, .^rfcojisas.— General rains on two days of the
rain
week have benefitted crops of all kinds. The precipitation reached eighty-four hundredths of an inch. Average
past
thermometer 80, highest 93, lowest 66.
Helena, Arkansas. The weather has been fine for crops,
which are growing rapidly. It has rained lightly on two
days of the week, the precipitation reaching twenty hundredths of an inch. The thermometer has averaged 80, the
highest being 94 and the lowest 68.
Memphis, Tennessee. Ctops are progressing finely, and cotton blooms are numerous. The first green boll was received
on Thursday from Bolivar County, Miss. It has been showery
on one day of the week, the precipitation reaching eleven
hundredths of an inch. The thermometer has averaged 81,
ranging from 68 to 94.
Nashville, Tennessee It has rained on four days of het
week, the rainfall being ninety-one hundredths of an inch.
The thermometer has ranged from 57 to 94, averaging 76.
Mobile, Alabama. Crop reports are very fine there are no
complaints. It has rained on one day dt the week to the
extent of seventy-eight hundredths of an inch. Average
thermometer 83, highest 95 and lowest 68.
Montgomery, Alabama. Crops are doing well. The weather
has been mainly warm and dry during the week, rain having
fallen on but one day and to the extent of sixty-six hundredths
of an inch. The thermometer has averaged 83, the highest
being 95 and the lowest 69.
Some is very fine
Selma, Alabama. — Cotton is spotted.
and clean, while much is quite small and grassy. The weather
has been clear all the week. The thermometer has averaged
83, ranging from 74 to 93.
Auburn, Alabama. The crop outlook is very fine. The
week's rainfall has been one inch and thirty-four hundredths.
The thermometer has ranged from 69'5 to 89, averaging 79"4.
Madison, Florida. We have had rain on four days of the
week, the precipitation reaching two inches and twenty hundredths. Cotton is doing well. Average thermometer 81,
highest 94 and lowest 71.
—
—
—
—
;
—
—
—
June
THE
27, 1801.1
CHRONlOLlfi.
Columlnts, Georgia.— There has been rain on two ilnya of
the week to the extent of one inch nml forty-seven hundredths. Cotton flelils are Krassy. The thermometer hu
avoraned 84, the liigliest heinji; 02 and the lowest 74.
Sai'annah, Georgia. Tlierc has l)een rain on two davi of
the weels to the extent of twenty hundredths of an inch.
The thermometer has averaRod 82, VanRinjc from 70 to 02.
AnyuHta. Oeorgin.—'VXw w(>ather iias been warm duririK tlie
week, with li^lit rain on three days, to tlie extent of fortynine bundredtlis of an incli. Crop accounts are better, the
recent rains and present weather iiavinK good effect. Late
plantiuKs are coming up well. The thermometer has ranged
from 70 to 04, averaging 81.
Cliarlenton, itoutli Carolina.—
have had rain on four
days of the week, the rainfall rcacliing thirty-one hundredths
of an inch. Average thermometer 82, highest OS, lowest 75.
Stateburg, South Carolina. There has Ijeen rain on five
days of the week, to the extent of one inch and sixty-two
hundredths. Tlie thermometer has averaged 78, the highest
being 88-4 and the lowest 70.
Wilson, North Carolina. Telegram not received.
The following statement we have alao received by telegraph,
showing the height of the rivers at the points named at 3
o'clock June 25, 1801, and June 23, 1890.
—
We
—
—
»8l
1891.
9U
83s Oop.
Twttl.
1S«0.
d.
«.
...Hotltln;
M7.93
au 7ig
Shirltngs,
Skirtiniis.
«.
.1
_
OoU'n, __
'»(.
»7»»
«6
»«
10
5 10
ift
J'ne 5 7in • 7",,
••
12 7
B7»« .%
" 19 6I5,, »7J„ 5
" 26 6^11 »7!>. IS
(I.
9>s>(l
Oil
9
9
u.
(1.
8>a •8T«
...
is
*\
10
10
9
9
»6
VS
d.
(I.
Is
«'i,»8ia,,
4»i.
l8T,«^8"|
*l
'6
Jute B(;ttb, Baooinq, &o.— During the past week Jute
bagging has t)een light in movement at unrlianged (iiiotatiuns,
which are 5?io. for t?i lbs., 6,^^c. for 2 lljs. and tl'^r. for
standard grnaes.
The doalin;;s in butts have tioen uniml>ortant in amount on the basis of I'SOc. for paper gradeH and
l%t:. for bagging quality.
EXPOttTS OF UOTTO.S OOOD3 from ORBAT BRITAIN.— BeloW
we give the exports of cotton yarn, goo<iM, &c., from Oreat
Britain for the month of May and sin"^ October 1, in
1890-01 and 1889-00, as compiled bv us from the British Board
of
Trade returns.
the
movement
i
we have reduced
be noticed that
pounds.
It will
all to
amAlhread.
lotale/AB.
Clock.
OOOi tmUtti.
Jnne
25, '91.
\Jum
Fett.
New Orleans
Nashville
Shreveport
VloksbUDc
Lbt.
10-9
20-4
17-7
10-9
17-5
2j-5
41
16-7
29-5
Shipments since Jan.
this week.
BriVn.
nent.
ContiBritainl nent.
Total.
This
Week.
Total.
DMWmbOT... W.M8 M.S07
108396
Lb*.
98.061
99.490
90,119
TotJrt quar. 70,«se 67,468
1.247,042 246.171 220,202'
816,427
287,670
Lbt.
Lbs.
97.898
427.7(12
Janoarr...
February.,
80,013
23.811
412,692
413.7151 79.336
78386,
20378
!i8,741
24.421
423,1';8
84.882.
Marob
22,182
21,214
428,71»7
447.120 81.380
306.192 82.4>ll
10«,12I
104.643
101.966
100,108
88.675
808.142
299.744
67.461,
,248 1.284.52711.217,027 243.177 280.498
2,844,317 2,4e4.0aW
460.700
624.S69
667,414
1
Since
Jan.
Lbs.
100.696
Total e mos. 139.221
Receipts.
1.
Great
rib,
U8M0
18«M1
I88B-M I8M>-2I 1880.20
4».44e 86,180 74.814
74.7W 75,976
8W.8S4 86.248 09312,
Total 2d qr.
BOMBAT RECEIPTS AND SniFMEKTS FOR FOUR TEARS.
Shipments
tSao-Sl
Ui.
M.S«I S3J47
OotObOT
NoTembar... S8.012 S3,914
India Cotton Movement from all Poets.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 23.
Tear Great Conti-
18S04I l88»-g0
Feel.
90
Above low-water mark
Above low-water niarti.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Memphis
26, '90.
1.
1891 3,000 20.000 23,000 91.000i847.000 938.000 34.000 1.696.000
1890 6,000'l8.000 24.000 322.000 5)74,000 1 ,296,000 20.000 1,810.000
1889 4.0iH): 7.000 1 l.000;n!t.000|7!»8.000 1,147.000,26.000, l,.iS4.000
1888 9,000 14.000 23,0001 9'j.000l57.?,000| 773,000113,00011,227.000
Aj«U
28.763 23.018
20398 28,676
Umr
893,714
411.499
76,099
77.936
93362'
881,4781
470.674
78.360
89393
94368
StooklQgs and locks
Saadrr articles
T')tal
exports of cotton mannfaetnres
100368
114368
1.182
1.170
1S348
16386
884.164'
810.600
1
Shipments for the week.
Great
Britain.
Oonlinent.
Calcutta—
1891
Total.
2.000
6,000
1890
Shipments stnce January
2,000
6,000
Madras—
Continent.
Britain.
1891
1890
1.
Total.
18,000
24,000
43,000
79,000
61,000
103,000
4,000
6,000
2,000
5,000
6,000
11,000
19,000
26,000
13.000
20,000
32,000
46,000
41,000
56,000
58,000
104.000
99,000
160.000
All others-
1891
1890
2,000
7,000
1,000
2,000
8,000
2,000
7,000
2.000
7,000
4,000
14,000
The foregoing shows that there has been exp rted from the
United Kingdom during the eight months 834,164,000 lbs,
of manufactured cotton, against 820,609,000 lbs, last year, or
an increase of 13,555,000 lbs.
A further matter of interest is th? d^jstination of these
exports, and we have therefore prepared the following
statements, s'lowing the amounts taken by the principal
countries during May and sint^ October 1 in each of th»
last three years:
EXPORTS OP PIECE O >O0S AXD TVR'tS TO PRWCIPAL CODHTalBS
.MAV, ASD FROM OCTOBER 1 TO MAT 31.
Total all—
1891
1890
I
The above
totals for the week show that the movement from
the ports other than Bombay is 10,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
EXFORTS TO ECROPE FROM ALL INDIA.
1891.
Europe
from —
1890.
Bombay
All other ports.
Total
Since
This
week.
1891.
East Indies
Turkey. Egypt and Africa...
24.000;1,296.000
14,000j 160,000
11,000 1,147.000
11,000 125,000
Chloa and Japan
Turkey and Bsypt
27,000| 1,037,000
38,00o|l,456,000
22.OO0I1, 272,000
Total lbs
ToUl Talue
Jan. 1
1888-80.
(000< omitted.)
938.000
99,000
1.
May 81.
381,473 470374 429,f)38 8.34I30I 8346.141 3,456,0a»
£4,063 Ji4,840 £4317 A36,19e £34,686 £36,275
23,000
4,000
Jan.
1 to
1880-90.
Tarn*.
Jan.
1.
I80C-91.
Total yards..
Total Talue
Holland
Since
1B88.
All other couQtries.
China and Japan
Europe (except Turkey)
South America
North America
1889.
This
week.
1890.
158.122 »/t>,*2U 800,112 I,421,fl02 1.487,3S'>I 1,861,183
59.849 70,251 61,968 4M8343 4633171 481,244
48,366 623U9 47.-686 428,040 407.442 880.196
948,A«0 2S037»
2^,101 88,003 28.AS4
3;,7ilS 46.374 88.149
382.328 S<4.069 SIY.445
21.862 86.86- 28,061 216,232 21(3.717 209388
29,848 26.541 81,239 216337 196.9111 818 831
This
week.
Since
October
(0003 omitted.)
.
Shipnjenls
to all
Hag.
Piece Goods.
»
Oermany
2.686
-
Otb. Europe (except Turkey)
Bast Indies
All otaer countries.
itrlea
2304
4,263
4,4»4
2.110
2,5«4
8,284
8.912
4.738
4,745
4.314
3312
886
780
19,491
i9<J0
8.571
21361
836U
22.708
38,574
84,963
3,722
1.715
2.7J8
1.178
24,136 21.S39
£1.137 11.005
25.098
27370
24.<144
21.187
38.443
l»,407
22.148
87.040
83,500
26.219
80.059
17351
«3,f»M
;,98S
187,178
£7.938)
15.l>86
6327
7,430
l-;8.687
178,484
£8.236
£7.910
ALEXANDftiA Receipts and Shipments.— Through arrangeEgyptian Cotton Chop.— The following report on the cotments we have made with Messrs. Davies, Benacni & Co., of ton crop in Egypt was issued by the Alexandria General
Liverpool and Alexandria, we now receive a weekly cable of
Produce Association, under date of May 30
the movements of cotton at Alexandria, Egypt. The follow^ing
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
:
young cotton plant* leaves a gool deal to he desired,
because they arc i^eiierally more backward than last year at the same
Tlie state of the
Thl.s backwardness pr cceds flrgt from the .Dad weatlit-r In
March, which arrestt-d tit some time the tilUfCe and sowing of tba
Alexandria, Egypt^
flells: secondly, from the ttinipcrature still continuing too oool ia
1800-91.
1889-90.
1888-89.
April and May. The lateness is n >t so not'oeable in ifie Henoafleh
June 21
provinoo and in part of the (liirbieh bat nearly everywhere else, even
E^vpt and the Fayoum, vei;etatlon, compared w.th
Receipts (cantars")
In Uiiper
This week
189J, Is from ten to twenty days late, oooordlnx to loo.U1,000
provinces.
Nevertheless, should the weather qui kly
Itles
and
Since Sept. 1.
4,013,000
3,i66;6o6
2,705,000
turn warm and favorable it Is probable that a cer. ain portion ot
This
Sitice
This
Since
Since
This
the delay may bo regalued. Wa^er Is m'ire a'lutiilant than the Vial two
week. Sept. 1. week. Sept. 1.
week. Sept. 1. years, thanks to the always-lncr* iwlu); ImproTcuients intrudu ed by
the Irrigation Depiirtment, an a!so to the bUuer Uvel of the KUe.
Evports (bales)—
This year many lands In Lower Egypt continue to be Irtigatod dlreot
To Liverpool
1.000 281,000
261.000
225,000 from the c.inals, without the a'd of pump^. The looostA give rtoe
To Continent
2,000 229,000
1,000 164,000
1,000 154,000 to serious anxietv. The fears e.vi«re»se<l in our laat resumi bare
been part ally realised. Considerable d-tposlts of egga were qnioklr
Total Europe
3,000 510,000 1,000425,000
1,000 379,000 discovered in those places where the locust* hiMl alighted, and
making their appearanoe. Th»
the young were not long in
A cantar is 98 pounds.
contaminated looallUes, fairly numerous in Upper are leai le
This statement shows that the receipts for the week ending In Lower Egypt. At present they are found In the soath and
June 24 were 1,000 cantars and the sliipments to all Europe west provinces neighboiliu the Desert. So far the daman done
Is InglgnlHcant, and the Oovcrnment at once adopted enerretic meaa3,00c bales.
urea of destruction, as regards the eggs, by collecting them, and In
hoeing and flooding the laiidi wh -re this was praotie»bl-; as regard*
Manchester Market.-Our report received by cable to-night the
^oiint; crickets, in ilestroylug them bv various iuetho<1s tbonaanda
from Manchester states that the market is steady for both of men are oceupied In this work. To sum np. the damag,: up to to-day
yams and shirtings. The demand for India is improving. Is of no Importatice, and will make no differi-nee in the result of tba
give the prices for to-day below, and leave those for crop but on fie other hand lively anxiety i!< felt for th future, as it
is not known If everywhere the crickets wUl be etUclently destroyed,
previous weeks of this and last year for comparison:
and what harm they may do to theootton planta If they come to matuitty .
time.
;
i
1
1
1
i
'
:
We
;
<
THE (^HKONICLE.
982
Bhippinq News.
—The
exports of cotton from the Unitea
States the past week, as per latest mail returns, have reached
87,898 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.
Saturdav Monday. Tutiday.
Spot.
Market,
et, )
1:45 P, M.{
Small
Inquiry.
.
Mld.DprdB.
Sales
3peo.
<Sc
[Vol.
More
demand.
41b
41s
8,000
7,000
500
500
500
exp.
Wedna.
Thurid'y.
Friday.
Firmer.
Oood
demand.
Harden'g.
413
4,000
LII.
41a
41a
41a
12,000
2,000
12.000
2,000
14.000
2,030
Total bales.
futureM.
Nbw York—To
Liverpool, per steamers Aaranla, 470
Horrox, 1,311
Germanic, 1,837
Gallia, 767
661
258
602
300
759
1,607
16
10,450
Explorer, 4,100....
5,014
To Havre, per steamer Havre, 5,014
1,150
To Hamburg, per steamer Cheruskia, 1,150
449
To Antwerp, per steamer Havre, 449
230
KORFOLK— To Liverpool, per steamer Frederico, 250
Boston—To Liverpool, per steamers Columbian, 3,915
5,876
Mii-liigan, 1,601. ...Samaria. 360
52
To Halifax, per steamer Carroll, 52
Baltimore— To Liverpool, per steamers Nova Scotian, 2,190
3.989
....Rossmore. 1.7k»9
9B6
To Bremen, per steamers Dresden, 5fi6 ...Weimar, 400
200
To Rotterdam, per steamer Urblno, 200
300
Philadelphia.—To Liverpool, per steamer Indiana, 300
37,896
Total
The
particulars of these shipments, arranged in our usua
form, are as follows:
Bremen Roller(£ Ham- dam
Liver-
4,994
N. Orleans. 10,450
2.50
Boston ....
Baltimore
5,876
3,939
Fhiladelp'a
300
258
664
York.
Norfolk....
mouth
rf
burg. Antw'p. Qenoa. Hexieo.
gj2
759 1,607
16
Hull. Havre,
pool,
Hew
Tar-
tfi
5,014
1,150
449
986
200
Weak at Steady at Easy at Steady at Qnlet at
2.n4®3.fl4 partially l-64®a.64 2.64 ad
1-64 @ 8.84
1.04 dec.
decline.
decline.
yance.
decline.
Market,
4,994
Nevada, 589
To Hull, per steamer Francisco, 664
To Havre, per steamer La Bourgogne, 258
Werra, 368
To Bremen, per steamers Saale, 234
To Hamburg, per steamer Rugla, 300
To Antwerp, per steamer Noordlmd, 759
To Genoa, per steamer Caledonia, 1,607
To Mexico, per steamer Yumuri, 16
Rbw OBLEAN8—To Liverpool, per steamers Darien, 6,350
Total.
9.200
17.0S3
1:15 F. H.
Market,
Barely
Very
4
steady.
steady.
P. H.
Quiet.
Tance.
Very
Barely
steady.
Steady.
The opening, highest, lowest and closing prices o( futures at
Liverpool for each day are given below. Prices are on the
b tsisof Uplands,
Sat.,
Low Middling clause, unless otherwise stated
Jane 20.
»Ion..
Jnneaa.
Tnes.,
Low.
Clo».
d.
d.
d.
d.
d.
d.
d.
d.
d.
4 22
4 23
4 23
4 23
4 25
423
4 25
423
June-July... 4 22
July-Aug... 4 24
August .... 4 29
Aug.-Sept.. 4 29
September. 4 33
Sopt.-Oot... 4 33
Oet.-NoT.... 4 37
NoT.-Dec... 4 39
Dec. -J an.... 4 41
Jan.-Feb.... 4 43
Feb.-Mch... 4 45
4 23
4 22
4 22
423
4 23
4 25
4 30
4 25
4 28
4 25
4 28
4 24
4 24
4 27
425
4 33
4 30
4 27
4 82
4 30
4 34
4 32
4 36
4 30
4 30
4 34
4 82
4 38
484
39 438
4 38
4 39
June
4 25
4 29
429
4 33
4 88
4 37
4 39
4 41
443
4 48
424
4 25
4 29
4 29
4 29
4 29
4 33
4 33
4 37
433
4 37
439 489
4 11
4 42
4 41
4 41
4 43
4 44
4 43
4 46
4 45
4 46
4 49
4 43
4 45
4 41
4 43
4 45
Wed., J ane 'H.
5,928
Open Bigh Low. ao>. Op«n Hijh Low. Oos.
4 34
4 88
4 83
:
Jano23.
(J.
OpenJBrtj/i
230
52
Steady.
Firm at
2-84 ad.
4 47
4
424
d.
4 24
4 34
4 25
428
424
4 85
4 30
4 29
4 29
4 30
4 29
4 30
4 39
4 30
434 133
434 4 33
438 4 37
434
434
488
4 40
4 40
4 40
4 42
4
446
4 33
4 33
4 37
4 40
4 42
4 44
444 444
444
4 49
4 46
4 47
4 47
1
4 42
4 44
4 47
d.
4 23
Tbnrs.i June 33.
Frl.,
42
4 42
4 46
June SB.
5,l.=i5
300
68 37,896
664 5,272 3,018 1,403 1,607
Below we add the clearances this week of vessels carrying
«otton from United States ports, bringing our data dowo to
the latest dates:
Nbw Orleans—To Liverpool—June 22—Steamer Inventor, 3,950
June 23-Steamer Jamaican, 2,760.
To Bremen— June 22— Steamer Erl King, 4,050.
Norfolk—To Liverpool— June 24— Steamer County Down, 549.
Boston— To Liverpool -Jane 16 -Steamer Virginian. 1,493. ..June 19 June 22-Steamer Kansas,
Steamer Pavonia.
To Yarmouth— June 22— Steamer Bcston, 10).
Baltimore— To Liverpool- June 19— Steamer Barrowmore,
-.
To Rotterdam -June 19— Steamer Zaandam,
Philadelphia— To Liverpool— June 23— Steamer British Prince,
To Antwerp— June 23— Steamer Switzerland,
Total.... 25,859
.
.
.
Open H<0* Low.
Clot.
d.
d.
<i.
d.
Open High Low.
ClOi.
d.
d.
(J.
d.
Open[Hi«h Low.
d.
d.
d.
4 30
4 30
4 80
428
488
428
435
4 34
Olas.
d.
j
June
4 27
Jane-July... 4 27
July-AuK... 4 27
August
4 32
Aug.-Sept.. 132
September.. 4 37
Sept.-Oct... 4 37
4 40
Oct.-NoT_
.
NoT.-Dec... 4 43
Dec-Jan.... 4 45
Jan.-Feb.... 4 47
Feb.-Mch... 4 49
4 27
4 27
4 26
4 33
4 33
4 87
4 37
4 41
4 43
4 45
4 48
4 50
4se 4 27
4 26
4 27
4 31
4 27
4 28
4 32
4 31
4 32
43a
4 37
4 36
4 40
4 42
4 36
4 39
4 42
4 44
4 48
4 48
4 44
4 47
4 49
4 25
4 25
4 25
4
4
4
4
4
4
4
4
4
30
30
85
35
38
41
48
45
47
26
26
23
81
31
38
36
39
42
4 25
4 25
4 23
4 30
4 30
4 33
4 35
441
4 43
4 45
4 47
4
4
4
4
4
4
4
4
4
4 46
4 48
4 26
4 29
4 29
4 29
4 83
4 35
4 26
4 26
4 31
4 31
4 36
4 39
4 43
4 45
4 36
4 40
4 39
4 43
4 46
484
438
438
4 44
4 47
4 47
4 46
4 46
4 48
4 49
4 62
4 50
448
4(2
4 50
438
4 38
4 39
4 42
4 41
439
4 42
4 44
428
4 29
429
434
434
4 39
439
4 42
4
4
4
4
44
48
48
61
.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
-CiTV OF Richmond, steamer (Br.), before reported at Liverpool, for
New York. Tlie bulk of the 600 bales of cotton 1q the burning
hold of the steamer City ot Richmond have bjen taken out. The
cotton when taken out was s'iU burning, and was almost com
pletely destroyed. The pumps fiiiied to clear the ho'd of water,
and it is believed that th > water p:>urs In through an open porthole or some other inlet. The vessel has again listed to starboard,
her keel toucliing the bed ot the dock.
Holland, steamer (Br.), from New York for Liverpool, arrived at
destination In tow, having lost screw.
CJotton freights the past week have been as follows:
Batur.
Man.
Tue$.
Wednet.
Tkur$.
#y».
^32
'.i3
Uverpool, steam d.
h2
'sa
Hi
'32
....
.-..
....
....
....
....
e.
7»,
'33
'39
'32
'«
'32
-.
Do saU
Bremen, steam .. e.
«.3
»32
»32
»32
»S2
»a2
Ig
le
Do
late dellv'y.d.
Bavre, sieaa.
Do
....
indirect, c.
....
Do via indlreot.(J.
Amst'd'm.steam.e.
Do
%
Ifl
^
....
....
---.
....
d.
Do saU
d.
Baroelona,Bteam d.
Qenoa, steam., .d.
Trieste, steam.. .d.
Antwerp, steam d.
Per 100 lbs.
-.a
V
271a*
271a'
V
27V
....
....
....
....
....
....
3l6
ho
he
»ie
Sxe
he
....
....
i«
1.-.
I4
.-..
»S3
^32
H2
27
Indirect.. d.
Beval, steam
•«
>4
>4
Hi
"Ssa
"33
27
H
27ia>
\
13^4
1'64
"„4
"64
"84
'=«4
^64
^64
hi
'64
»e4
"64
'
LlVKltPOOL,
—By cable from Liverpool we have the following
statement of the week's
sales, stocks. &c., at
June
Bales of the
week
bales
Of wUoh exporters took
Of which si>eonlator« took. .
American
Bales
Aotoal export
Forwaided
Total atoo!:— Estimated
01 which American- Estlm'd
Total Import of the week
01 which American
Amonnt aUoat
Of which American
5.
40,000
2,000
2,000
35,000
6,000
56,000
June 12
43,000
3,300
2,100
37,000
7,000
56,000
1,200,000 1,194,000
970,000
46.000
39,000
100,000
70,000
ges.ooo
58,000
47,000
80,000
55,000
that port.
June
19.
June 26
50,000
52.000
2,600
1,600
6,200
2.400
44,000
45,000
4,000
5,000
52,000
53,000
1,170,000 1,163,000
944,000 933,000
33,000
51,000
26,000
33,000
100,000
80,000
70.000
55,000
BREADSTUFF
S.
Friday, June 26, 1891.
The markets for flour and meal were dull and a good deal
depress d in tone down to the close of Wednesday's busiaess.
There was not much pressure to sell, but the loiver prices of
grain led buyers of their products to look for reductions in
prices, and the unwillingness of holders to make any noteworthy concessions brought business nearly to a stmdstill.
Oa Thursday there was a steadier toae and an increised volume of trade, buyers seeming incline i to avail themselves of
Buch easier terms as holders had shown themselves inclined
To day the market was very dull and prices were
to make.
unsettled and nominal.
The wheat market declined steadily
under sales in liquidation, prompted by the favorable weather
for the growing crop and the weak cable advices, until on
Wednesday July contracts sold at $1 03, a decline of 26 cents
from the highest prica ia May last. On Tnursday the market
made a partial recovery. The violent storms and floods repi»rted fron a considerable poition of the wheat growing
sections of the t-ans-Misiissippi region, an! a report of injury to the Rassiaa crop, caused a mo terate demand to cover
contracts.
At the lower prices there was eirly in the week
a goDd business for export; 193,00 ) bushels were reported on
Tuesday, including No. 2 red winter at |1 08@|1 OS"^ afloat,
and on Wednesday 160,000 bushels, including the same grade
at |1 06@|l 061^ afloat; but on Thursday the firmer prices
were attended with quietness. To-day weak advices from
European markets caus ad the loss of more than yesterday's
recovery, the close being well down to the lowest figures of
the week.
OAJLT OlrOSIHO PRIOBS OF HO. Z BiBD WINTBK WBBAT
Thurg.
fH.
Sat.
Hon. Tuet. Wed.
July delivery
August delivery
September delivery
Octol)er delivery
Novemljer delivery
Deoemhcr deUvery
January ilelivery
0.
o.
0.
0.
o.
0.
c.
o.
105»«
104^8
101
100
100
lOO'n
lOlH
lOl's
lOi'e
IO8I9
104i8
99
98
IO214
9759
96=8
97>4
97^8
9818
9919
I0314
9Sia
97^8
98
gsSs
991*
IO214
9738
96i«
9914
OOSs
10014
lOO'e
lOl'a
10518
9914
99'8
63H
6279
6II4
60
6158
5914
6219
eo's
59=8
59%
58''8
38
53»a
58%
57%
98\
lOOM
97
9ris
98i8
9919
102''8
102%
103%
104
Maydelivery
Indian corn has declined materially for the week under
revieiv, but partially recovered yesterday oa the reports of
storms at the West. To-day, however, there was renewed
depression. The export buying for the next two months has
beei fairly active. No. 3 mixed sold today at 643^® 66c. for
early July afloat.
UAILT OLOSIHO PHIOBS OF HO. 2 MIXED OOBH.
*W.
Wed.
TKvrt.
Ston,
Tuef.
Sat.
The tone of the Liverpool market for spots and futures each
day of the week ending June 36, and the daily closing prices Julydellvery
August delivery
of spot cotton, have been as follows:
September delivery
o.
c.
0.
64=8
61^8
60%
I
JCNX
IHE CHRONIOLE
87, 18»1.]
Oats have declined sharply under the prospeotB of a large
from the next crop, which will soon begin to come upon
the market. No, 'i white sold to day for July delivery at
yield
40^O41^c.
ruon
o&iLT OLOUifo
JulydeUrery
8i'i>loml>cr (lelircry
no. 3
huuid oaii.
Wid, Tkw$.
SQ^
414
Tuu.
40
36<i8
33^
33
34\
34>4
41ii
o.
o.
o.
AUKUfit delivery
of
Hon.
sal.
fM.
384
89
39>«
3fl\
35\
34>4
34>4
33
34%
nominally lower, and to-day there were sales reported
of !;0,000 bushels No. 3 Western to arrive in Ssptember at 71@
Rye
is
71Jic., c.
f.
i.
The following are
barrels.
these
wheat
closing quotations for
(Corresponding grades in sacks
flour in
below
sell slightly
flg^ures):
FLOCS.
V
Fine
Snpernne
|3 35994 00
bbl.
3
80» 4
'JO
Extra, No. 2
Extra, No. 1
Clears
4 101» 4 39
4 409 4 75
4 739 4 95
Btrulfchta
4 839 5 00
S 009 5 50
Patent, spring
Patent, winter
tS 00993 25
City shipping, extru. 5 00» 3 13
Kye tlour, auperflne. 4 75 « 3 00
Fine
8 85 • 4 10
Western, Ao
3 30 9 8 50
3 859
Oom mealBrandywlne
OBXIK.
Wheat—
e.
BprlnK, per bosh. ..1 00
o.
91
13
RedwlnterNo. 2..105>a»l 07
Red winter
98 91 10
100 9108
White
BTf»—
80
82
western, per boah..
Btate and Jersey ..
Barley Malt—
Btatr, 2-rowed
State, 6-rowed
Oaiadlan
90
95
•
9
«
9
wm
aggregate buitnaM
mod«»te. Colored 'oottona. ooh ••
denims, ticks, obwiota. fto., wen atMuly, with •IooIm in lair
shape; but mum were Mrely up to the averafce; fancy shirting dometa and cottonadee were, bowerer, Mlling with
oomparatiye freedom. Sblrtinfr prlnta In lekdlng makes bate
been reduced ^c. per yard. The preeent price, 8^c. p«r
yard, is the lowest ever recorded In tne way of regular trade.
All seaaonable printed fabrics were Inactive and euy, and la
American indigo blue* a reduction of >^c. per yard waa announced by the agenta. Fall printa were ordered aait«
freely aa a year ago, and fall gingbama are well aneMl in
comparison with laat year. Fine dreas and staple xlnghama.
suitable for immediate uae, were inactive, and woven napped
M
fabrics quiet throughout.
Bald by Providence manafaoturers. 445,000
Fall Kiver manufaotorers
451,000
Oom, per
65
06
66
07 >•
67
68
Westemwhlte
68
71
85
87
OaU-Mlzed..V
92
97
No. 2 white
ba.
White
No. 2 mixed
38
41
38
9
9
9
Am*
None.
(est)
Total stock (Dieoes)
896.000
Domestic Woolens— Business in fall
385,000
•0,000
18,000
91,000
14.000
494.000
105,000
makea
t>f
Nona
men's-wear
llmit-xl scale, new
spring
busine.^ being insignificant and re-orJers li<ht.
styles have been more generally displayed in all-wool,
woolens and worsteds has again bsen on a
New
41
52
40
43
worsted and cotton-warp makes, but agents have not found
buyers in a humor to fairly embark on next season's trade
Prices appear
yet, and little progress has been made.
Ukely to be atx)ut the same as 1 ist year, such as have baen
100 9105
For tables nsually ilven here see page
Conalderable sales of print oiiptba
have been reported again thU week, but without improving
prioea, theae remaining at 3 15-ltic. leea one per cent for 94x
64s and 3 9-10c.,le8s one psr cent, for .MxOOa. The wagea
question is just where it waa a week ago.
1890.
18W.
1801.
/Mn«21.
June 33.
Stock of PHnl Ololht—
June 20.
Outside speculators
bnsta.—
West'n mixed
W'nniix. No.2
West'n yellow
988
98'i.
Manufacmade this week showing no variation therefrom.
turers of worsted fabrics are not so favorably situated as they
were ayearago, the prices of worsted yarns being higher now
than they were then. Overcoatings and cloakings were in
Haw TOEK, Friday P. M., Jane 20, 1891.
intermittent request, and only small-siz^d parcels were ordered
cassimeree,
There has been a generally quiet market during the past atany time. Low-grade goods, such as cotton- warp
in price
week in commission circles so far as business arising out of satinets, doeskins and Kentucky j<}ans were irregular
of sale. Flannels moved quietly but the tone was
spot selections was concerned, with mail orders from day to and slow
with
day of /air volume. Buyers have been round in considerable firm throughout. Business in blankets was interfered were
numbers, from first to last, but in most directions their optr- by the auction sale already referred to, at which pricea
cent bslow current
ations have been characterized by a cautiousness not far re- somewhat unexpectedly 10 to 15 par
moved from timidity. In all seasonable styles of prints, market values.
Foreign Det Goods.—This department has been quiet
ginghams, etc., they have been easily satisfied in quantity
and difficult to please in price. In domestics business has throughout the week, although a considerable number of
been largely confined to meeting imperative wants. No fur- buyers were in the market. These made numerous notes of
ther changes have been announced in bleached goods, and fall displays, but did little actual business. New spring woolbrown goo<Js are without attraction. This does not suit the ens were well in evidence ; but, as in domestics, agents and
ideas of buyers, who look beyond the condition of stocks importers found it difficult to make much progress. Auction
of
cottons to the price of cotton as quoted on sales and low prices have cleared out a number of stocks of
the Exchanges. It has previously been pointed out that in fancies lately, and the market is now generally steady for all
doing this they miss the true ruling influence of the mar- desirable lines of goods.
Importations of Drr Goods.
ket. There may be scattered revisions yet, bringing various
makes into line with the leaders, but from all indications on
The importations of dry goods at this port for the week
the part of agents prices have pretty well grounded for the ending June 25, 1891, and since Jan. 1, and the same facta
eeason. One thing at any rate is certain, that outside of for the corresponding periods of last year are as followa;
coarse brown cottons manufacturers are working so close to
cost of production that any further decline in values would
fsss^f
run away with the last margin of profit. Stocks of low-grade
brown sheetings are abundant enough, but in finer makes
and bleached cottons generally they are not more than moderate in the aggregate. The fall trade in ginghams, prints
and dr£ss goods has made steady progress. Jobbers have had
an active week in clearing-out sales preparatory to stock-taking, leading to a large distribution at irregular, and in many
Instances exceedingly low, prices. In the woolen department
COWCOMQO
20*5 ft CO
a number of lines of new spring goods were opened during
'
THE DRY GOODS TRADE.
a — CO TO 06
the week on the basis of last year's value. A sale of 800 cases
of blankets was a feature in the auction trade. Collections
run along on about the same lines as heretofore, fairly regular in the West and indifferent in many Southern States.
DOHBSTio Cotton Goods.— The exports of cotton goods
from this port for the week ending June 33 were 3,688
packages, valued at $313,753, their destination being to the
points specified in the table below:
>-<
tOit^
]
Srw TORS
TO June
cox'a.^o
O^^COOD^
qDO&to<iao
•"•COCCOJD
c^;3 — »-^
pcojop»»
tdOObtOOD
CO <^ CO Si 60
9<1
MM
aoo
1891.
—
MWOM
— XC^
MO"-* 00 OS
cm
CO
1890.
-.0 <?.
a
cxcoatots
C^OOO'llO
C^COZ^COM
CO 00
QOgscjto:^
CO If.
23.
Week. Since Jan. 1
Week. Since Jan.
MMWMOS
1
CNODtOp^
CwloVjIjM
Great Britain
Other Eoropean
China
Africa
West Indies
.....
Mexico
Central America......
Boath America
Other countries.......
*
Total
China, via Vancouver.
Total
2,829
79,216
4,319
4,627
2,434
6,772
1,679
4,630
15,001
1,310
1,371
67
47
90
434
131
17,893
1,326
5,146
3,798
7,873
1,064
2,423
16,599
1,707
122,954
12,915
2,911
6,275
60.652
26,673
135,869
9,086
87,325
2,178
1,681
India
Arabia
144
34
25
45
550
50
275
118
885
505
54
3,688
3,688
768
From New England mill points direct.
Toe value of the New York exports
....
475
13
03 to otto -4
too
989
*
since January 1 ha^ e
•b3en $6,461,389 in 1891, against $3,515,430 in 1890.
Business in brown sheetings and drills was (}uiet all week.
Exporters appear to have largely satisfied their needs for the
time being. Jobbers were busy with stocktaking preparations, and converters operated sparingly.
For bleached cot-toDS there were occasionally orders of fair extent, but the
t4~]
MX
a 0«H
p-i*.Meo«
^ o'-A
cocooo
uo
K<t«
«*.OMX
CO
M
M
Ml^
oi<e~io
av
<§
CO
M
t
to
o
^
i^-
COCyOOMCD
OS
eoooiocpo
lOMtOOO
-»00«
wa>
MOO
<I-J
ODoeMvoo
-aawoor-
Oi«l
-j-«o«-
-W
M^-atsoo
WCO^-f-®
M
1 32
I-"
*>
»-r-
»»'«0O>-'
XlOC^td
oDtpcooax
ODp«H- » •
CSOIOJ-W
QDIO
QOpK-aDF-
PO^COIO
?
00
rihcowgi^
»OI->C0»9
aoiUMto
HtOlOW^
os>
iCO
MIO
11.793
8.303
12.078 16,324
6.804
ootooao
0>
O^d
cob
^<^
I
I
ttl9
Mcoeoos
-ito
OAUCOQD
p»-J«w
OS OS 00*1*^
OXDOSMM
I
UC A93»a
OP OS OP
I-*
;^
OS^COH-'--
i
if
3
1^
c^co
»O»~)r0
^1 J< :o to
O
*I Ci 3i c -4
JOA-J
CO
l^E
984
^vuBt
CHROiVIClJbl
States Trust
Co. The
...
....
Authorized to act as Executor, Admialstrator,
Qaardlan, Receiver, or Trustee, and is
A LKGAL DKPOSITDKY Full MONEY.
Acta as Trustee of mortKaECB of corporationa, and
accepts the transfer axency and reKistry of stocks.
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 company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to checii at sight, and allows interest
npon the resDltinff daily balances. Such checks pass
tbrouKh the Clearing House.
Attends specially to the MANAQBMBNT OF
BBAL ESTATE and to the collection and remittance of rents.
It
makes ample
provision in
NEW BURGLAR AND
This company
a legal depository for moneys
paid into court, and is authorised to act as guardian
or trustee.
INTEREST ALLOWED ON DEPOSITS,
Executors, administrators, or trustees of estates,
and WOMEN unaccustomed to the transaction of
lousiness, as well as religious and benevolent institutions, will find this company a convenient depository for
TRUSTEES:
Wilson 6. Hunt, JuD.H. Rhoades, Wm.Rockefeller,
Wm,
R. G. Remsen.
Olinton Gilbert, Anson P.Stokes, Alex. B. Orr,
Daniel D. Lord, Geo. U. Warren, Wm. H.Macy.Jr.,
Samuel Sloan,
George Bliss,
Wm. D. Sloane,
James Low,
Wm. Libbey,
G.H.Schwab,
Wm. W. Phelps, John C* Brown, Frank Lyman,
D. Willis James, Edward Cooper, Geo. F. Vietor,
John A. Stewart, W.B'y'dCutting, Wm. W.Astor.
SrastusCorning, Clias. 8. Smith,
TllORNBLL. Secretary.
1
LOUIS G.
Assistant Secretary,
Samuel F. Barger,
Geo. C. Magoun,
The Nassau Trust Co.
James
B. T. Wilson,
Woodward,
T.
George A. Jarvls,
F. Russell,
Wood,
James N. Piatt,
C. Vanderbilt,
A. A. Low,
G. o. Wllllama,
D. C. Hays,
Wm. Alex. Duer.
Charles H. Leland,
Bdward King,
K. B. Wesley,
D. H. McAlpin,
George B. Carhart,
HENRY
Edward 8chell,
Amasa J. Parker,
W. Kmlen Roosevelt.
CAPITA!.
EXBCUTIVB COMMITTKE:
Whitewright,
Bdward Scheil,
G«o. C. Magoun,
D. C. Hays
BDWARD KING
Q. G. Williams,
E. B. Wesley,
C. D. Wood,
James T. Woodward.
President.
THAYBK. Assistant
$500,000
Deposits received subject to check at sight, and
lutcrCMt alloYvcd on the resulting dally balances.
Certificates of deixisits issued for time deposits,
on which Hpeciiil riileB will be allowed.
Interest citniiiifuues Iruiii <iate of deposit.
Authorized by law to act is Bxecutor, Administrator, Committee, Guardian, 'i'rustee. Receiver,
Fiscal and Transfer Agent and as Registrar of
Stocks and Bond^
Ih a leffal depo«ltory for
Trust FuniU and for moneys paid into court.
Loans made on apiT^-'ved collaternls.
CORNEljlUS D. WOOD, ),,,„„
d.„.i.,„.,..
Vice-Presidents
JAMES U. OGILVIK.
(
AUGUSTUS W. KELLBY, Secretary.
J. V. B.
,.
HAMPTON
101 Broadway, Brooklyn, N. Y.
Ch^uncey M. Depew,
Wm.
JOHN A. STEWART, President.
GEORGE BLISS. Vice-President.
JAMBS 8. CLARK, Second Vice-Pres't.
its
H. Van Rennsl'r Kennedy,
James U. OKilvie,
C. D.
money.
FIRK PROOF VAULTS
TKUbTKES
Whitewright,
Henry A. Kent,
Secretary.
;
Will take entire ciiurge of securities during absence or otherwijie of owner.
Checks on this Company are payable through the
New York Clearing House.
Knickerbocker Trust
Company,
!I34
FIFTH
Branch
AVE,,
office, 18
A. 1). WHKBLOCK, President.
WiLLIA" DIl'K,
iv.™ !>-„..
Wall
St.
and 8 Nassau
O. F.
TRUSTEES
Wm.
Dick,
A. D. Baird.
DESIGNATKD LKGAL DKPO.ilTOBY.
I
John Truslow, John Lougbran, Wm.B.WHeelock.
Thos.F.Rowland.Wm. F.Garrisoi O. F.Rlchardson.
Ditmas Jewell. A. D. Wheeloot.
and otber corporations.
JOHN P. TOWNSBND, President.
CHARLES T. BARNEY, Vice-President.
JOSEPH T. BROWN. 2d Vice-President
,
DIRECTORS!
Jacob Hats.
Charles T. Barney,
A. FosTKR UioGiNS,
Robert G. Remsen,
Henry W.T.Mali,
ANDREW
H. Sands,
The Brooklyn Trust Co.,
Hon. Ira Datknpokt,
John S. Tilnet,
Hon. Kdwakd v. Loxw
Henhy f. Dimock,
John p. Townsend,'
177 and 179 Montague
CAPITAL
Charles F. Watson,
David h. Kino, Jr.,
Fkkbekick G^Bourne..
Robert Maclay,
HENRY TOWNSBND
NASSAU STREET, NEW YORK.
1^1,000,000
Accepts and executes any legal trusts from peri0n« or corporatlonp, on as favorable terms as other
Imllar companies.
Acta as Executor, trustee and Guardian, under
;
Joslah O. Low,
Alex. M. White,
A. A. Low,
Mich'IChauncey.
Wm. B.Kendall.
also as Regls-
E. F. Knowlton.
John T. Martin,
Trustee, Transfer and Financial Agent for
Estates, Cities, Railroads, Towns, and other corporations, and for Real Estate Mortgages with
crar.
Coupon Bonds
where.
in
TRUSTEES.
Van Voorhis,
w. W. Van Voorhis
Geo w! Van mden;
c. W. Hutchinson,
•'°'"'
BenJ. F. Vosburgh,
Joseph 8 Stout,
Hoesen.
nr^n',*'- ^'"'
Jotham Ooodnow.
??^K "t?'?"*™'®'';
John
D. Vermeule,
Daniel A. Heald.
Stewabt
^
Augustus VanWyck,
DAVID
^^•"P.
V--i*res.
^IQeorge D.
^I,
S.
G. W. Chauncey,
<\T.Christeusen.
YORK.
George L.Peaie,
U. Hall.
F. Anderson.
Wm.
John
F. CLARF,
Vice-Prenident.
Sec'etary.
S.-
p. c. Lounsbury,
Charles F. Clark,
George E. Hamlin,
Theo. A. Uavemeyer.
Seth B. Thomas,
Lucius K. Wilmerdlng,
George A. Morrison.
Joseph C. Baldwin,
B. C.
Jr.,
Homans.
William Lummis.
This Company Is a leffal depository lor
Court and Trust Funds and Is autborlzed
to do any and all other business usually
SJ?*?' Trust Companies of responslbtlliy
n*l
standlna.
1837.
$-;,0<IO,00»
1,300,000
profits...
SSTs^S;^
J.W.DOANE.Presldeat.
P. L.
YOE. Vice-President.
ORSON SMITH, Second Vice-President.'
F. C. OSBORN, Cashier.
F. N. WILDER, Assistant Cash er.
TRUSTEES.
MARSHAL', FIELD, J. W. DO^NB,
C. H. MCCORMICK,
P. ],. YOB
JOHN DK KOVEN,
GEO. M. PULLMAN,
ALBERT KEEP.
A. H. BURLEY,
JOHN TYKRKLL,
E. T. WATKINS.
LAMBERT TREE,
ERSKINj; M. PHELPS.
ORSON SMIIH.
Banking
Branches Transacted.
in a'l its
Foreign exchange bought and sold.
Travelers' Letters of Credit and Commercial
Credits Issued, available in principal cities throughout the wo. id. C«b e transfers made.
J. G. ORCHARD, Mgr. Forei n Dept.
OLD COLONY
TRUST COMPANY.
BOSTON, MASS.
Capital
$1,000,000 00
600,000 00
Transacts a Genera] Banking Business.
-
.
.
Surplus
Allows interest
on daily balances subject to
check.
Agent In Financial Transactions.
Trustee under mortgages. Transfer Agent, Beg•trar.
BOARD OF DIRECTORS.
T. Jefferson Coolidge. Jr.,
Frederick L. Ames,
John L. Bremer.
Henry
S.
Francis
Howe,
Ij.
Hlgginson.
Walter Hunnewell,
George Von L. Meyer,
William P. Mason,
Laurence Minot,
Henry B. Reed,
Nathaniel Thayer,
Stephen M. Weld,
T.
PreMent.
John F. Anderson,
Martin Brimmer,
George F. Fabyan,
T. JeOerson Coolidge,
George P. Gardner,
Richard Olney,
Lucius M. Sargent,
John I. Waterbury,
Henry C. Weston.
JEFFERSON COOLIDGE,
JK.
Fresidenl.
O. S.
TUCKERMAN,
Secretary.
Manhattan
Trust
Corner of Wall and Nassau
CAPITAL,
.
Co.
Sts.,
N. Y.
81,000,000
,
DIBEOTORS:
r. O. French. N. T.
R.J . Cross, N. Y.
H. L. Hlgginson, Boston.
H. W. Cannon, N. T.
John R. Ford.N . T I
T. J. Coolidge. Jr., Boa.
August Belmont, N.Y.
James O. Sheldon, N.Y.
A. S. Rosenbaum, N. Y.
B. D. Randolph, N. Y.
C. C. Baldwin, N. T.
Sam'! R. Shipley, Phlla.
Chas. F. Tag, N. Y.
R. T. Wilson. N. Y.
Marshall Field. Chicago. J. I. Waterbury, N. Y.
H. O. Northcote. N. Y.
J. I. Waterbury, V.-Pre».
A. T. French, Secretary and Treasurer.
F. O. French. President.
ALLOWS INTEREST ON DEPOSITS. BIBCUTBS TRUSTS OF EVERY DESCRIPTION.
BSOI8TRAR AND TRANSFBB AGBNT.
HKNRT C. Swords, President.
Hebuann H. Cammann, Thomas h. Terry,
Vice-President.
HBNRT W. RKIOULKY,.
Real Estate Officer,
JAMES M. VARNOM,
Secretary.
Couinsel.
IReal iBatate
Xoan
S.
Zxmt
Co..
OF NBW-TOBK.
Secre.tarv.
INTEREST ALLOWED ON DEPOSITS.
^
ESTABLISHED
Capital (paid in)....
Surplus and undivided
Broadway.
CHARLES
LOTT, Aa»Uitant
T BUS TBB
L. T. Powell,
81,000.00"
Beverly Chew, Sei'tirv.
Coauey, Assistant 8eore{<u-y.
John Gibb,
8'.i30,00ti
Joseph F. Knapp,
David M. Morrison,
Henry H. Rogers,
Charles H. Russell,
George U. Prentiss.
Joel ¥. Freeman,
»„'««:«"
CHICAGO,
Corner Dearborn and Washington Street
9300,000
M. M0BRI80N.
M.
7<iii ftfin
^.'
BuirjDiNQ, 280
FRANCIH H. PAGE.
New York.
depository by order of
Receive deposits of money on
fn,S™S''-£°""''s
<" "Ms'er agent, or trustee
»Si®J^Jl,'„11^,*" "'""l
"°'' "ccept and execute
legal
.?^.^^V°™""°*'
trusts
from persons or corporations, on asany
favora'"^orttble terms as o her similar companies.
Thomas Uil house, Pres. Fred'k D. Tappen, V.-P'
an'itl'^^^n*''
NEW
President.
Metropolitan Trust Co.
H?»inf
Karpiuff
Geo.G.ReynoIds.
S. W. Boocock,
CAPITAL
SURPLUS
W. J. Arkeli
ROBERT B. ROOSEVELT,
JOHN D. VERMEULE,) ,r. President.
"""""t
JOHN B. PLANTBN. ( Vice-Presidents.
^OKO. W. VAN SICLKN. Secretary.
?*.""." S»'ee«»
P?iTir»*ft-"""*'
J.J. Plerrepont,
C. M. Pratt.
Abram B. Baylis.
U. W. Maxwell,
OF THE CITY OF
Robert B. Roosevelt.
Chas. P. Daly,
TlwaTEES.
Fred. Cromwell,
P. Bolfe,
U'y K. Sheldon.
C. D. Wood.
Wm. H. Male,
John
THE
York, Brooklyn and elseCollects Rents, Coupons and Dividends.
Company Bank,
Trust
81,000.000
WASHINGTON
TRUST COMPANY
New
wilS'
Warner-^^V^*?,-*^'!*"'
Van Norden,
James B Van Woert
Nostrani,
jAtTrf S
I
travelers.
C. T. Cbristensen, Pres.
Jas Boss Curran, Sec.
Abram B. Baylis, V.-Pres. Fred'kC.Colton,Ass'tSeo.
ALLOWS INTEREST ON DEPOSITS.
wills (or the fixed statutory charges
I°I,««1^U.8.4
}
It Is authorized by special charter to act as Exec 4tor, Trustee, dmlnlhtrator. Guardian, Receiver
or in any other position of trust.
As executor of estates it secures a aife, prompt
and advantager)us distribution of the sa oe.
It Is a desigiialed depository for Court monies
and acts as Registrar or Transfer Agent of stock
and bonds, and as trustee for railroad or other corporation mortgages.
Executes orders in all classes of Investment 8&ourities. Guarantees Letters of Credit issued to
Assist. Seoretarr
Capital and Surplus
Brooklm, N. Y.
at flxtrd dates.
Holland Trust Company.
MO. 33
St.,
Capital and Surplus exceeding Sv,'.J30,000
This Company allows interest on Deposits, which
may be made subject to check atslghtor returnable
James H. Bueslin,
Charles H. welling. Walter Stanton,
G«n. George J. Maoee, C. Lawrence Pereinb,
1. TowNSEND Burden,
FBED'K. L. BLDRIDQB. Secretary.
1.
F.
Loan
AND
W. Wurster,
Joel F. Freeman,
Bernard Peters, Chas. H. Russell,
Darwin R.James, Wm. B. Horwill. Edward T.Hulst,
H. H. Rogers.
Joseph F. Knapr, no.McLoughlin.
E. B.Tuttle,
Jno. T. Willettf, A. M. Suydam.
Acts as Executor or Administrator of Estates,
and as guardian, l^eceiver. Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
^BIPH S. AuiBBACH,
Harkt B. HoLLiNB,
BICHARDSON,
St.
91,000,000
-
Vlce-Prest's.
(
Secretary.
JOHN TRUSLOVt,
COR 2rTH STRKET.
AND SURPLUS.
CAFITAI.,
Merchants'
is
which may be made at any time and withdrawn
after five days' notice, and will be entitled to interest for the whole time they may remain with the
company.
for the safe keepiuu of securities placed in its custody, on which it collects and remits income.
Wm.
Cottipantjes.
YORK.
OF NEW YORK,
80 Bioadway, New York.
45 and 47 Wall Street.
$1,000,000
CAPITAL.,
3,750,000 CAPITAL. AND SURPLUS, - S9.000,000
iiCRPLUS,
NETI'
gxnst
^vtxst CPompautjCB.
(&/arup»niZB.
Union Trust Company United
OF
[Vol. Ln.
Mutual Life UuIIuIuk. 30 Nassau St.
9500,000 Surplus... .8^30,000
Capital
This company would be iJieased to receive
I
Applications for App'aisements,
OF REAL ESTATE,
and desires
business.
to call attention to this feature of Lit*
,
,
* i'
Theaiipraiscmcnla are made by the Real Estate
Committee, consisting of
Horace S. Ely, Chninuan, Joseph Thompson,
Douglas Robinson, Jr..
H, H. Cammann,
and the Real Estate Officer, Thomas 11. Terry.
The feature of appraisement by this Company isthat the valuations are the result of the comblnea
judgment of five real estate men.
Blank forms of application furnished.
.„.
@FedFRASER