Full text of Commercial and Financial Chronicle : June 7, 1890, Vol. 50, No. 1302

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xtmm
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMM^CIAL INTERESTS OF THE UNITED STATES.

VOL. 60.
SATURDAY,
CLEARING HOUSE RETURN'S.

JUNE

Week BntUna May

The following stateinent shows the bank clearings for tlie
week ending to-day (June 7), made up according to explanations contained in Chronicle of Oct. 26.
New
CLEAItlXGS.
>i/ TtUtraph.

iJetiima

Hew York

«778,302,4S8
108,330,175

Boston
PhU»delphl»
Baltimore
Cblcago
St. Lonia
New Orleans

Seven
Other

(J9,P08,0;9

daya
days

cities, 5

oltlee, 5

Total all cities, 5 days..
AUoltiea, 2 day

Total

1889.

1890.

all cities for

week

.

\Per Cent.

lxil«)

lOatton
larain

Inuhtli.)

WH)

{PttnUwn

$389,743,602
70,271,822
62,333,946

+ 32-7

Boston

+35-8

Providence....

+ 121

lltirtford

9,911, '.04

-159 2
+ 34-7

15.7»2,261
81,157,000
10,110,072
6,839,63a

60,245,000
17,351,039
6,748,702

$1,077,430,247
125,487,610

$820,663,215
108,186,219

+31-3

$1,202,917,866
228.811,413

$928,849,134
213,030,212

+29-5
+7-9

$1.432,72B,27»

1,14'., 879,646

+28-,

Theejciiibitof clearings for

skarM.)

liStoclM

7.

May and since Jan.

+10

1

+1-3

+160

1 is as follows:

Five Month'.

833,987,496

+14-0

(S,6««374l
(608,300)
(48,906,000)
(6.116,000)

'M

+900

117*79,809

-«-s
-18-6
+6-0

4.838,800
I,6e6,«l4
i.3a3.a»7
l,»ra,688
1.166.863

-I-80-9

Portland
Lowell
New Bedford..

England..

Philadelphia

Pittsbnm
Baltimore
.....•.*

Washington.
Syracuse
WilmlnKton, Da!..
Rochester*
.

Milwaukee...
Detroit

New York

3.788,838,765 S,080,a04,l,')9

Boston
Provider c.e...
Hartford

507,201,98c
21,1(18,400

Worcester

7,79»,870
5,707,740
5,490,101
4.9!4,180

Portland
Lowell
New Bediord

6.0ll^3ti^
3,404 ,2«1
1,601. 290

New

llaren...
SprlHKfleld ...

408,801.792
20.806,100
7.780,858
5,l9'.7i5

+23

+8-7

15,631,015.475 14,384,871,394

+2*1

1,<178,.')27,294

+0-2

4.'5,9fl9,f!02

103,692,800
41,007,266

-l-9-»l

a7,4«9,660

8,184,017,816
+1-41
107,t 88,400

+4-9
+4-6
+10-8
8,211,803 +9-0
1,485,712 +7-8

5,3ft!,005

28.708.(146

4,718,374

23,700,731
84,307,728
16,189,2S3
8,687,508

4,588,9.^8

+9-7
+3-7
+7-2

24,936.061
24,ti07.-»l

+7'6
^4-3
81,183,117 f 14-7
+1-1
14,998.428,181,71.

362,2D1,')2«

401,760,371 + 21-8

2,441,390,771

«9 1,309,900

313,887,370 +5-6
55,866,145 +80-5
62,305.045 t-83-2
5,439,237 t47-7
-1-7
3,m84.44~
3,110,083
f9-4

1,549,21.5,883

1,471,857,768 +5-3
868,08),733 +210
858,978,800 +32-8
28.786,688 + 44-7
18,364,804 -It
18.818,064 +8-6

+10-4

8,258,147,348

Biiltiruure

65,4:io,V0
8,036,891)

Wa>hlDgt0D..

S,789.4K

Hy.-icose

Wi::alogton

3,401,48

..

Middle

T.>tal

374,969,055

"titoago

55,8*,SflX)

Cincinnati

Milwaukee

.

.

S7, 1 50,029

.

Detroit

Cleveland

Columbus.

....

Indianapolis..

Peoria

GInnd Rapids

25,594,573
21,670,823
13.652,500
7,CS7,553
6,848.110
«,8C5,5l)9

Tot.M.We5t.
Ban Prancisco.
Los AoKeies.

Tacoma
Toull'aclbc

iKansas

479,266,438

535.t34,312
eo.soo.iia
2,480,80*
3,«m).949
75.955,863

434,188.<8';

865,131,218
47.588,100

+871

rl6-2
19.078.487 + 12-3
21,829.7o; -t-20«
15.313,99s; r40-9
11.80i:,000 f2l-0
8,784,490 -9-9
7,318,577 —93
2,767,586 +19-4

488,348,150 4 28-1

75,071,2*1

48,705,529

.38,5,14,213 (-26-3

89,449,9(10

l8t. Paul

19,155,767
23.814,«7B
83,183,888
9,303.987
6,451,438

19.719.827 +48-8
17,758,749 -1-7-9

Omaha

Denver
IDolntb
H. Josept
.jnchita

Stoax

....

3,'(73.03«

City....

0«s Moines.

.

lUnooln

Tot.oth'rW

14,968,88;

lS-2

5,785,362
3,378,714

+ 11-51
+ 14-6

3,878,623
3,191.498

2,42t«,154

8,48<",248

8,3«8,058;

1, 601,088

I,6-,ie,a47

^h

740,519,130

83.738.646 UsO-5

+131
+18 8

-1-3

78,8l7,i!15

-SO-l

73.6.S6,t(i6
40.19H..')73|

t4a-7

—1-1
+15-8
l4,S79,tll -fu-o
27,t.85,9.7

7,774708

184,394,790 +80-8

13,593,,48

+6-8

183,181,596 -I 11-3
78,617,183 -•31-6
77,011,311 --11-4

18,836,800'
13,759,948,
11,804,959

175,074,663,

-8-4

353,977:899

16,.'>23,563

100,925.948
37,697,821:
38,694,2631
8,445,818

t21-5

40,875, 508
3<,759,.385

330,471,060 -3-0
16,719,083 -14-5
7,787,456 +l)8-3

105,1 7!!,591
39,7».S,131
38,)5;i,338

+6-8
-1-4

5I),»54,,888

l,9e3,477,9;6

203,918,854
103,486,987
85,763.908
101,560,259

2,608,619 +22-5
,

15,376,.977

349,410,908

f54-7

7,869,9'

73,495,,595 -f:i3-5

3J0,525,9S4
13,44",583
15,438,389

+37-8

17,340,0(32

+

98,131,696
61,168,600
43,215,168
81,001,013

8,320,443,031

tl-2

+9-9

1,3;8,7.58, 113 +19-1
,i30,«63,,850 ^11.5
10l>,86rt.,662 -t-18-8
15-4
97,316.,502

118.277,6'-9:

—

t9-3

2,065,313,54'

1,575,399,499
864,038.050
119.838,021

(-189

1,606,16.-

IMlnnenpolis...

Cltr..

324,329,879
316,858.470
84,406,498
16,1?7,785
17.617,487

1'2
70.051,804
2,814,868 -ll-b

10,651,471 -1-76-9
12,011,-92 1-14-3
10,617,S'>1 I 18-2
8,346.574 -6-9

616,834,910 +80-8
I

•

LonlB

Raw
'

Orleans.

Disvllle

iamphis
~-chmon4

...

ilTeston
Jdlas

few Worth..
iTorfolk

Total Boilt>,
TotiUall

9,740,9-20
4.664,6481
6,112,6161

3,698,173
8,179,318
209,110,111

8,flll7,058

+21-9

459,476,049!
833,645,783!
174,398,5731
57,788,493
45,154,464
84.344,874]
86,800,498
23,378,6v8
16,413,70S

180,755,595

+157

l,070,S9B,<>:-8

+8-9
31.999,480 +11-8
9,209,701' -8-3

34,'!01,281

9,732,152| +0-11
3,464 ,5H5l +84-41
2,759,278, -t^ 85-31
2,639,675 +88-6'

392,106,1
885,314,:
147,947,:
57,172,'

46,881,
84,733.
14.891,
11,614,
16,863,

+17-8
+3-7

8,886,184,792 4,794,806,498 +2;-» 24.811,321,709 28,512,033,875
9,180,30fl.8.<4

$229,91)3,842 contrasted

I'ear there'is'an'-'Xf.a^-iiof 4-4 per cent.

1.068,8M

-+••1

+90

799,934
380,198

+S0-9
+80-1

108.130,20U

90,390,989

+17-1

180,066,183

+8W

60,738,874
13,078,884
13.388,172
5,845,804
1,646.110

55,694,188
10,748,878

+9-1
+81-7
+22-6
+171-6

76,0«7,96l7

+9-S

16,798,904
14,736,448
6,646,518
1,778,768
778,080

+30-1
+134-8
+8»-«
+16-2

10,8»16,S85

8,163,383
1,073,418
668,387
881,171

+ 53-4
+18-3

+98^

+8 8

-f-19-1

Indianapolis...

Peoria

Orand Rapids.
Toledo"

95,891,489

81,676.484

+17-4

116,584,394

+18-1

68,389,888
10,671,160
6,200,767
6,078,702
4,363,807
8,607,400
1,849,287
1,280,290
601,033
879,962

55.820,148
9,278,760
3,888,644
3.697.383
8.834.100
1,908,700
1,576,810
1,508,943
863,805

+28-9
+18-0
+96-1
+37-4
+48-7

83.069,613
11,918,860
8,986,146
8,898,030
8.009,897
8,496,100

+98-9
+18i>
+41-4
+8-S
+89-8
+17-8

99,592,876

80,807,377

+83-8

117,786,880

18,798,300

16,807,407
688,039

38^4^8

-13-8
-S5-0
+76-8

14,847,978
606,049
977,998
1,648,488
J.063.816
1.374,060

14,743,160

16,714,874

-118

16,880,980

8,788,870
4,306,689
8,764,688
4,347,453
8,785,465
9,88S,6H6

7,640,748
3,487,406
8,516,683
3,846.459

+18-8
+28-7

10,876,478
8,618,818

9JM1,887

-HMO

1,439,213
1,886,140

+68-;

•+S1-8

1349.684

-1-7
-18-1
+6-7

-I1-8
+3-S

1.443,833

696,238
1,171,833

Total Ulddle Western

San Franolsoo....
Los Angeles

+85-1

8,l'.7,16a.48

339,487
881,433
1,270,930

918,087

Seattle*
Salt

Lake

1,688.862

City*..

Total PaoUle..

Kansas City..
.Minneapolis..
St.

Paul

Omaha
Denver
Duluth

\r\

4,1(18,988

+34-0

4,987,033
4,831,«50
8,456,687
1.380,974
889.880

+8-8

+4-7
+-8-0

+994-0

+-9-3

Joseph...,

l,270,6-<3

Wichita
Sioux City....
Des Moines..
Lincoln

810.983
811,498
668.804
834,382
318,992

78?.430

+Mr3

437,78:1

-8i-4

429.190
683,020
800,460

+31-8
-8-3

+ 8-9

841,861

"^,525,788

86,480,069

+84-0

ir3ia.4oe

18.967,405
6,810,30;
6.073,888
1,819,600
1.704,901

17.190,408

+10-9
-1-4

90.849.933

-61

7,6011,408

+18*

7.689,669

-^i

St.

Topeka
Total Other Western..
St.

Louis

New

Orleans..,
Louisville

Memphis.......

Richmond

1,006,44!

Dallas

790,640
888.888
884,760
681.800
1,680,636
798,168

Fort Wortfc...
Norfolk
(,exlnKton.....

Chattanooga..
Nashville*

Birmlutham*..

NewTnrk

Not ineloded In

+T-5

1,798393

+14-0
+0-8

8,193,893

+^8-9
+188-9
+190-4

608,148!
974,983,

+15-71

490,000

HB-l

96,«7^^87

1.086,881,885 1,080,1:97,861

all:

-lf9

+-98-8

904,680
7S8.9B4,
763,8381
878.307!

+6r9
+18*
H6-1
+ 7<

648,700

-+«S'8

917389

+91-8

1398.481
1387,604

89,087.988

Total Soutbern...
Total

6,408,849
1,49«,989
1,668,044
«S4,«6S
448.806
868.680

843388

Galveston

Ontatds

6,9:14.934

789318
747384
688307

331.984,943

3aO.970.90

+^8

+91>

44,134,838

+18-9

+4'4ka9a,788.067|
-116-8

-^

461,857.571

Wi

totals.

Our compilation of sales,
months is as follows:

&c., of stocks, bonds, Sec, for the

five

+11

monUa,

Five

vmiht. 1889.

f\(y

1890 .

-2-3

Par Value

Deterittton.

+

10-1

+ 18-5

1

or QiMntM*
38,183,118

a./w-klS"*"
stock
{ y,|

|i.j|)193471B0

RH. bonds.. '«821.0?fl.370
State bonds.

1

Bankstocks!

|1,V58.R50
2,568,70o
{2,>gi,800

}

AawA

Aver'it

Par Value

Ytiw.

Price.

er QaaiUttv

1T917J97S9

61-5

i

i4et«tal

Valm.

|

|

«2«S;^:lo>«««"«»

1

$807.638.32311177.104338

1174,891,405 79-1
11,514.835 180-3
»l,668,'i90 64-5
$3,678.8:0 187-8

$8,247,760'

il!.8l8,800

i3,03:l,(WO

$8,039,910

31 rectjrd

Aoer'te

Pr<M.
*>•»
SS'S

ISSO

67'3
<914.88(. 137-7

^864.130

84-9
...|»S147086710 »ie7647fl.3-iS 68-8
$9983,217.065i»lS57183,907
847,106,000. $216,033,446>87Mo.
Pet'l'm.bbls' 92,476.000 fS6,993.'O0
94c.
»415.73M.866li61-39
8,100.000'
»5«-14
(a0J,4
11,114
10,696,000
Cotton, bis.
643.789.880 $520338.388]81 4-6o.
ttraln.bush.l 901,ei7.-i90 $671,2.37,770
74X0.

ToUI

with the previoin week,
liartly duetto tha holiday, but compared with tlio week of last
loss of

Columbus

fl80
+38-9
+80-5

035,683,008 +14-

The returns of exchanges for the week ending May
11

Cleveland

Gov't bonds'

pntslde X. T.'2.087,598.030|l,714,B18,357|+18-8|

-8-8
+18-2

297,9-36

908,843
849,938
658,280
873,426

ti? Taooma
Portland'

Eng

Pittsburg

+1-9

+U-9
+1S-5
+9-0

t-10-1

PliiUideJptUa..

«7.S23,l:r

t-88-8)

2-/,7 16,64:.

9,833,873, «4'

Total N.

-^r^
+2-4

+18-S1

(

1,333,996

ChicaKO

1389.

80.2"4,8«1
4,056,100
1,615,991
959,348
984,848;

866,800
600,815

Cincinnati

P.O.

1890.

-1-e

(1,927,071)
'-HI-41
(188,400) (+180-S1
(17,887 J»7l (-fSTS
(8,538,000) (-606)

98,343,496
8,802.300
1,823,678
1,016,743
1,064,608
930,500
829,955
632,170

Total Middle

May.

689,618,908

Worcester

Buffalo

P.Osii<.

.<8,031,S7«
..(416,000)
(87,438.000)
(8.180.000)

llaren....
SprintlUeld

New

P. Cent.

078.910,324

New

Total

1,802.

Wak BnCg May M.

31.

1800.

Tork
aalK of—

tr«k Ending Junt

NO.

1890.

7,

Total Talne

»*136118.818

1

1

4.30 15778,678'

THE CHRONICLE.

780

[Vol. I.

Paris correspondent

THE FINANCIAL SITUATION.
we have remarked upon the
future of the money market. During the past week
the tendency towards an easier condition was interrupted in the earlier days by a special temporary movement. It was caused by a concentration of money in
the Central Trust Company owing to the settlements
for the new securities of the Missouri Kansas & Texas
and the St. Louis Arkansas & Texas Railroad comThe amount involved was about 10 million
panies.
of dollars and the transfer of this sum necessarily deranged the market. The Central Trust Company sought
to relieve the pressure by freely loaning money on the
street early in the day, and they placed all they had to
In a subsequent

article

loan at 6 per cent, although the street rate during the
The
greater part of the time was above that figure.
ISTew

York Life & Trust Company and

other institu-

As a

first

price of silver,

it is

whom

the Dii-ector vouches for as
of our effort

to boost the
worth recording.
Our foreign exchange market has fluctuated this
week. The natural condition of the rates is during this
reliable.

result

season of the year, near the gold exporting point.

Our

foreign trade balance has assumed such a shape that

nothing prevents the rise except the takings ef securiThese have been the inties on European account.
fluences which have made the fluctuations referred to.
Early in the week there were large purchases of stocks
for Europe, so

on Tuesday Brown Bros.

&

Co.

made a

reduction of ^ a cent, the posted rates being 4-84| for
all
the other drawers
long and 4-86|^ for short
maintained 4'85 for the former and 4-87 for the latter.
;

On Wednesday

the movement of securities being smalltone
of
the exchange market in the afternoon
er, the
grew firmer when there was some selling of stocks by

On Thurstions also cams to the relief of the market with large the arbitrage houses for foreign account.
4-85
again
posted
Brothers
Brown
&
Co.
morning
to
the
day
reference
transaction
with
the
sums. When
railroads above referred to had been completed, the for long and 4'87 for short, while the Canadian banks
market resumed its normal condition and gradually put up their rates a half a cent per pound higher. Yesterday th3 market remained without special feature,
grew easier.
The range of call money so far as represented by all drawers posting 4-85 for long and 4-87 for short,
bankers' balances has been this week 12 and 4 per except the Canadian banks.
With profits small, the trade situation, as is known,
Large amounts were put
cent, averaging 5 per cent.
out on Monday at 8 and 9 per cent but very little at 13 has been quite satisfactory all along except as to two
per cent, although the demand was good almost to the prominent industries coal and iron where considerThese two industries are
Since Monday the inclination to- able depression has existed.
close of the day.
rest.
in
line
with
the
We referred last
falling
wards ease has again become apparent, the rates set- now
tling gi-adnally with recurring spasms of greater week and the week before to some of the signs of imactivity.
Banks and trust companies have been provement in the coal trade. The iron trade is at last also
able to keep up their minimum on call at from giving evidence of the same tendency. The reports from
Time money has been in fair supply the leading iron centres, as published in the Iron Age
5 to 6 per cent.
and the demand on prime security has not been urgent. this week, are almost uniformly favorable, and especiEates for strictly first-class collateral are 5 per cent for ally so in the West and South. Chicago reports the heavithree to four months and 5^ for five, six and seven est week's business since last November, and Cincinnati
months. On good mixed security the rates are ^ of 1 per also reports greater activity than for a long time, with
Some very good houses are seeking con- an advance in the price of Southern pig at both points
cent higher.
From Chattanooga accounts are of
tracts on Trust stocks, the loan being made up with an of 50 cents a ton.
im'proved
feeling,
while from Birmingham we
assortment of. Trusts "fattened" with good dividend a greatly
paying properties; for such contracts 7 per cent is paid hear of a "spasmodic revival," and orders "pouring in
for six months.
For commercial paper there has been "much to the surprise of the furnace men." At St.
a fair demand from city and out-of-town buyers, and Louis considerable inquiry from large consumers is
the supply is increasing. The only change in rates is noted, Philadelphia reports an advancing tendency
Cleve
in sixty to ninety day endorsed bills receivable, which "firmness everywhere and weakness nowhere "
are 5 per cent.
Four months' acceptances remain at land shows "gratifying improvement," and Pittsburg
5@5|^ per cent, and good single names having from four speaks of a continuation of the previous week's activity,
to six months to run are 5^ to 6\ per cent.
with mill owners willing to pay from 50 to 75 cents
Thus from all
There has been a further hardening of rates for more a ton than a short time ago.
money in London, the quotation for sixty to ninety- quarters the accounts are good, and evidently there is
day bills in London yesterday being 3^ per cent. promise of a more satisfactory situation for the furnaceThe advance is no doubt largely owing to men, which is especially to be desired in view of the
the exports of bullion and the higher rates on the Con- fact that prevailing prices were out of pr^gsortion to the
tinent.
The Bank of England lost net £165,000 bul- cost of ore, ,f uel, wages, &c.
lion this week.
A special cable to us states that this As to general business, bank figures and railroad earnwas the result of an import from Portugal and India ings still tell of great activity and an enlarging volume
of £97,000, of receipts from the interior of Great of transactions.
We have prepared this week our usual
Britain of £137,000, and an export principally to Hol- summary of bank clearings for the month of May, and
land and Portugal of £399,000. The open market find an improvement in the total as compared with the
rate at P^is was reported by cable yesterday at 3|- corresponding month last year of 1,031 million dollars,
per cent, and at Berlin and
Frankfort 3f per or 31^ per cent. This includes New York, where Stock
cent.
A very suggestive piece of information received Exchange speculation has played an important part in
by cable from Paris this week which our silver wor- swelling the aggregates, and yet even outside of New
shippers ought to read and digest, is that a sale has York the improvement is almost 19 per cent.
Not for
been just made by Eoumania to a Viennese syndicate a long time past have we had such a heavy ratio of

—

—

—

of 30,000,000 demonetized five lai piros, equivalent

to gain either for the cities as a whole or for those outside
about 6 million dollars, the price being l:7id. per ounce. of New York; in fact, in the latter ca5e the ratio is the
This was received by the Director of the Mint from a heaviest of any month since June, 1887— that is, three

June

7,

And

years ago.

not a
cities

THE CHRONICLE.

1890.J

the addition the present year follows

but a gain, last year, the aggregate for all
in May, 1889, having shown 11 -6 percent increase

loss,

and the aggregate outside

How

increase.

New York

of

much more

very

9 '2 per cent

favorable the present

than those of the months preceding, will
appear from the following in our usual form.

results are

MONTHLT CLEARISOS.
OuUiOt

V«w

Tork.

Month.

P.Ot

1888.

P.Ot,

1,725,511,973

i,4go,o:;2,i49

1,547,683,993
1,538,130,984

1,462,417,486

+15-7
+6-8

1,459,837,295

+5-3

quarter. 13,181,321,884; 11,838,876,581 +11-2

4,811,326,930

4,402,336,930

+9-3

5,044,543,070 +10-0

1,934,945,696

1,830,191,706

+4-8

4,374,979,594 +14-8
4.686,824,392 +6-5

1,819,535,107

1,668,770,675
1,710,102,759

4,830,168,024

4,290,134,6:7

8<l

3,834,822,162 +20-8

1888.

+2-4

Julj

August
September

October

November.
December .-

3,866,124,342
4,238.021,203, 4,130,280,077

8,552,706,920
5,023,720,629
4,991,826,067

1337,901.621

4th quarter 15,563,253,618 14,106,347,056 HO-4 5,532,382,324' 5,219,065,140
1890.

1839.

Jamtary...

6,225,831,304

4,825,197,819

+8-3

1,931,432,9811 1,756,493,935

February

4.400,989,494

4,074,912,813,

480

1,679,509.948

1890.

+9-7

+60
+70

1889.
I

.

4,588.344.491j 4,503,557,785]

+1-9

1,786,420,901

Ist quarter 14,216,165,379 13,403,568,450

+6-6

5,298,363,833

April

4,313,658,929

+98

1,816,350,371

5.820.124,792. 4.794,806,496

+215

March

4.770,031,.';38

May

+11'2
+6'8
1,613,799,5041 +9-4

1,470,682,829

1

4,848,976,268

+9 2

1,.593,673,858

+15-9

2,037,502,030i l,714,612.357i+18-8

on the New York Stock Exchange, these were about one half larger than in the

As

to the stock sales

corresponding month

last

year,

about 11

reaching

million shares in May, 1890, against a

is made up.
For the month of May
not be able to present our usual detailed compilations and analysis till next week, but a preliminary

statement

full

we

will

which we have prepared covering the roads that
have already furnished returns indicates 10-94 per cent
increase on 81 roads.
For many different companies
the improvement is notably large. Thus among the trunk
total

lines there is the

Olearinot

Clearingt, Total All.

781

little

over 7 mil-

crease;

among

New York

Central with 1235,243 inis the Louisville

the Southern roads there

&

Nashville with $176,525 increase, the Chesapeake &
Ohio with $159,831 increase, the Richmond & Danville
system with an increase of $120,844, and the Norfolk &
Western with $110,582 increase; among the North Pacific roads there is the Northern Pacific with $309,427
increase and the Canadian Pacific with $144,901 increase; and among the Northwestern roads, the Great
Northern with $193,681 increase (including in this the
Montana Central and the Eastern of Minnesota), and
the Wisconsin Central with $103,723 increase.
We have also had some further returns of net earnings this week for the month of April.
The Burlington & Quincy reports a trifling loss in net, resulting
entirely from heavier expenses, gross receipts having
increased $228,324.
The Denver & Rio Grande, on
the other hand, has net of $252,123, against only
$187,996 in April, 1889, and but $142,193 in April,
1888.
Then there is the Louisville & Nashville, with
net of $496,448, against $444,441
the Ohio & Mississippi, with net of $77,766, against $70,465 ; the Phila-

May, 1889. The market value of the
was about 629 million dollars, against 421 million
dollars, an addition of 208 million dollars.
At an
average of 2^ checks to each transaction this 208 million delphia & Erie, $191,582, against $151,493 the Chidollars increase would represent increased clearings to cago & West Michigan, $56,390, against $32,237 ; the
amount of 520 million dollars. As the total increase Rio Grande Western, $31,102, against $25,576 the
in clearings at New York is 708 million dollars, we still Detroit Lansing & Northern, $33,675, against $29,179;
have 188 millions arising from general mercantile busi- and the Cleveland & Canton, $14,358, against $11,135.
Both the Rock Island and the Chicago & Northwestness and transactions outside of stocks.
Subjoined is
our usual summary of the monthly totals of stock sales. ern have submitted annual statements this week, and
both show their dividends fully earned. The Rock
BALES OF STOCKS AT THE NBW roRK STOCK BXCHANaE.
Island statement we hope to review at length another
1889.
U88.
week on receipt of the full pamphlet report. The
Value:
YalMt.
Kontd.
lion shares in
sales

;

;

;

Xumber

of Shares.

N'umber

Par.

Actual.

of Shzree.

*
July...

6.628.483

Auff..

.

5,062,774

Sept....

5,642,132

623.591,675
483,417,175
528,192,525

3dqr. 16,333.389 1,533,201,373

Oct

7,377,919
6,980,118

713,««3,250

Not....

Dec...

5,423,816

4;3,801,185

650,171,650

Par.
*

305,231,592
205,663,536

4,678,521'

332311,176

7,323,918

Actual.

$
242,990,679

408,455,723
418,013,200
815,576,100

267,716,515
433,845,850

small, at

933,703,307 18,740,966 1,490,045,025

944,652,844

able conclusions.

426,553.706
349,915,079
287.031.417

promptly received, and as had been expected it was
found that large sums had been spent for betterments
and charged to expenses instead of to capital account.
Tlie Chicago & Northwestern statement is merely preliminary, the results being in part estimated.
It
is,
however, a highly satisfactory exhibit. After
allowing for the 6 per cent dividends on the common
stock and the 7 per cent on the preferred shares, a surplus of $626,000 remains on the operations of the
twelve months; this is increased to over $700,000 by
adding on the surplus for the trans-Missouri lines, and
besides this the company has a large independent
income from land sales. As the year ends May 31, it
would be interesting to see the results for the period
from January 1 to June 1, thus furnishing an idea of

4,739.527'

6,743,193
5.339,583

622,677,900

372,281,492

473,f<98.050

294,191,938

6,379,76.)

537.450,750

375.2»5.453

4tli qr. I9,961,e5J 1,837,728,025 1,063,522,202 18,462,540 1,631,026,700 1,041,898,873

Jan....
Feb....

6,353,019
5,199.190

March.

4,497,853

1890.
646,410,800

315,979,202

4,872.108

472,192.000
383.144,125

311,174,518
234,407,943

6,928,99f

1889.
429,780,650
633,014,700

285,112.394
345,392,724

8.146.105

1st qr. 18,049.862 1,401,752,925

ApriU.

5,082,477

466,456.200

May.... 11,052.779 1,061,139,035

551,9.56,350

351,178,238

881,561,663i6,947,211 1,634,751,700

081,683,366

304,199,207

4,821,012

441,093.40o'

271,623,703

628,978.868' 7,156,711

673,794,7601

420,989,968

It will be observed that the value of the aggregate
Bales in

May was

about double that of the months pre-

ceding, which illustrates the greater activity that has
existed on the Stock Exchange.

.

In the case of railroad earningi, gross and net, the
still tell the old, old story of steadily improving results. If there is any change to note, it is in the
direction of still greater improvement.
For the third
week of May, our table of gross earnings on another
page, comprising 87 roads, shows no less than 16-03 per
cent increase over the same week last year, when on 73
roads the increase had been 8 •44 per cent. For the
fourth week last year the increase was 5 "96 per cent on
83 roads. Now we have a further increase the present
year of 11-32 per cent on the 44 roads which have thus
far reported for that period, and the indications are
that the ratio of gain will be still larger when the
returns

company pays only 4 per cent dividends, and the fact
that according to the published figures the margin
above the amount required for that purpose was rather

the

first

gave apparent support to hasty unfavorA proper explanation, however, was

course of the road's net earnings in the current

calendar year.

Formerly

it

was easy

to

arrive at

an

estimate for that period from the figures submitted,

but now expenses, taxes, interest, rentals and sinking
funds are all lumped in a single item, making it impossible to get the desired information till the complete
report is issued some two months hence.
On the Stock Exchange business has been on a
smaller scale than was the case a short time since.

A

gradually hardening tendency, however,

has become

THE

782

(

HRON.CLE.

After the
manifest in prices during the last few days.
demoralization caused by the break and erratic fluctuations in Sugar Trust and Chicago Gas, it was natural

iVOU

u

PROSPECTIVE CURRENCY CONDITIONS.

If we may judge from present appearances, no one
need
fear any lack of currency during the remainder
a time, and
said,
this
year.
There is without doubt a determination
as
a
of
Latterly,
strong.
very
was
not
week
gradual improvement has occurred, and there is on the part of Congress to give the country, of one kind
future
of and another, more than enough to meet every want,
the
confidence in
great
evidently

that

course

the

Holders

values.

tone

the

in

early

disposed

not

certainly

are

irregular for

be

prices should

of

consequently

the

to

imaginary or

real, as

soon as the necessary legislation

and though operators for a decline may be success- can be effected. Most people seem to think that nothful in keeping the market ragged, they do not appear ing else is needed but a flood of paper to ensure a
Of course, the speculative "boom." If that be so, we are surely in
to be able to dislodge much stock.
regard
to silver as fair way of realizing the wish which is no doubt widely
promise of speedy legislation with
of Rep- felt.
in
the
House
course
pursued
indicated by the
With regard to the character of the silver legislation,
resentatives this week, has had a stimulating effect on
But the most encouraging feature of the that of course is still a point somewhat in doubt. We
the market.
week has been the greater prominence given to the bet- are inclined, and quite confidently, to believe that the bill
the staunch agreed on in the House will in substance become law.
ter and more substantial class of stocks
The Administradividend-payers, like Chicago & Northwestern, Lake Free coinage is out of the question.
Shore, New York Central, &c., some of which touched tion knows full well that it would produce contractioa
The opposition party which,
It is a good and probably a panic.
higher prices than for a long time past.
sign when such properties as these, rather than the being in a minority, is irresponsible, would like t«
Thai
thrust such a measure upon those in control.
speculative fancies, attract most attention.
unlike
instead
device
not
very
desire
will
fail,
but
a
The following statement, made up from returns collected by us, shows the week's receipts and shipments that now before the House will become the expression
and the outcome of the present agitation. We are not
of currency and gold by the New York banks.
sell,

—

writing to-day with regard to the ultimate effect of
Week Bnlinfl June

Net Interior
Movement.

Shi[)ped by

lieceived ^y

1890.

6,

N.r. mmks. S. r. Banks

Currency.
Qoia
Ti tai gold Bad legiU t'ndere

$3,109,000

$91iS,000 Gain. $2,184,000
700,000 Loss.
700,000

109,000

$1,625,000 Gatn7$I, 184,000

8.«.

Treasury operations the result

W«» EnMng

Jime

Into

Out of

Banks.

Banks.

1800.

f,

Bankfi Interior Mo vemeu t, aB above
Sub-Treasury operations

Total gold and legal tenders

.

. - .

as below.

is

Net Ch ivge in
Bank Holdings.

$l,62i,000 Gain. $1,484,000
10,300,000' Loss
1,400,000

$3,109,000
8,900,000

$1 2,00 9.000 $ll,925,000'Qaln.

$84,000

Banks

5,

June

1890.

6,

saver.

Total.

Ooia.

&

£

£

21,580,845

England....

21.690,?,46

France
Germany*..
Aust.-Hung'y.

52.47o.000J 50,077,000 108,453.000
29,002,000; 14,601.000 48,503,000

Netherlands.
Nat. Belgium*

Silver.

£

22,633.494

22,836.494

42,939,000 49,908,000
31,78O,O00| 15,830,000
5,445,000 15,670,000

93,846,000
47,070,030

21,820,000

1.848,000
2,782.l»0

5,740,000

10,581,1)00

6,48),000

0,885,030

12,166.000

1,391,000

4,173,000

2,768,000

1,384,000

4,162,000

21,116.000

Tot. this week 116,208.R45'88.fc25,000 20o,13S,.316 111,048,494 89.535,000 300,6S3.4!)4
204,217,136 110,368,858 89,766,333 200,026,183
Tot. prey. w't.'llS,674,470 88,548,6i

The division (betwesn gold and Bilver) given la our table of coin and
bullion In 1I18 Bank of Germany and the Bank of Belglam is made from
the best estimats we are able to obtain; in nelttur ease la It claimed to
be aoourate, as tbose banks make no distlnoolo 1 In tbeir weekly rep jrts,
merely reporting the total g)ld and silver, but we believe the division
we make is a close approximation.
Note.— We reciilve tile foregoin?reBalts weekly by cable, and while not
•

of the date given at the liead of the column, the.v are the retarns
ssued nearest to that date— that is, the latest reported dgures.

all

Office

paid 1128,301 through the Sub-

Treasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the
Custom House.
OonsistiHg
note.

U.B.
iVo(e».

Hay 30.
"

81.

June

2.

"
"

3.

"

6

4.

Tot»l.

of—

DuUtsOold.

$399,204
662,415
621,923
463,824
600,022

49

Hoi Iday
$10,03)

*245
942
735

1

eold

Silver Oer-

Oerlifto't.

tificatet.

itself.

Besides, as already said,

*36,200

59
82

1,035

495

15,900
12,000

26,700
40,800

S2,747,10l 28

S3,442

S6 1.080

S241,4.M

$75,300

.00

not our pur

regard to that particular phase of the measure there
can be little doubt that the bill as it stands would pro
duce a currency which for the time being would permi

90.0,
-41,750

ther

new supply of currency
demands and give the banks

to furnish a sufficient

to

pro

vide for the

a

goo«

fall

An

importaLt section of the silve
the Seventh, which provide
held
for
the redemption of Nationa
that the fund
covered
into the Treaeury as a mis
shall
be
notes
bank

working balance.

bill

before the House

Included in the above payments were $1,390 in silver
coin, chiefly
standard dollars, ami
$2,363,706 in
checks drawn against gold deposited in the SubTreasury,

is

cellaneous receipt and that the Treasurer shall redeen
from the general cash the circulating bank notes whicl^

day be presented. Should there be
no doubt this feature of
the House bill will be enacted separately, for leading
members of the Administration party in the Senate

may from day
any failure of

to

silver legislation

The
have already advocated a. similar provision.
Treasury statement issued the first of ,Juno shows
A
$58,032,894: as the amount of the fund referred to.
would
above
outlined
kind
law therefore of the
put afloat 58 million dollars, enough to provide abundant means to cover all fall requirements for crop and
other purposes.

It

must be remembered, too, that if a
coinage will go on as heretoabout 3 million dollars a month and

silver bill fails, silver

1

13,70o]
10,050,

it is

It is the imm6
pose to touch upon that matter now.
diate effect of the legislation we had in view, and witl

new
$3,150
13,600
13,500
20,150
19,600

88

thfl

are other currency plans well advanced, which promis

1881.

5,610.000: 16.810.000

The Assay

thii

action later on, without a very close analysis of th«

law

0]

Gom.

dejiend upon

business activity and not disturb confidence.
But even regardless of new silver circulation

Bullion holdings of European banks.
June

will

methods used in the administration of the law, that it
would be hazardous to venture exact predictions as tc
its

Taking the foregoing in connection with the Sab-

So much

piece of legislation.

fore, at the rate of
certificates be

issued

upon the

coinage.

Heretofore

this addition to the circulation has been in good part
neutralized by the deposit of currency which was required to be made and await the presentation of bank

Not only is that fund already accumulated to
be disbursed, but hereafter each bank note as it comes
in to be redeemed, is to be redeemed out of any cash in
notes.

the Treasury.

.

June

THE CHRONICLE.

7, 1890.J

Another source of now circulating notes, which is
favor with the majority in each House of Congress,

in
is

783

We

have added the bank note retirement and silver
Altogether they show that the net
of currency to commerce in May was $7,690,778.

coinage movements.

hill introduced increasing the allow- loss
ance of currency to banks on the bonds deposited by Had there however been no Sub-Treasury system the
them from ninety per cent to par. If this provision ditlorenco to the banks would have been that instead of
passes, as no doubt it will should silver legislation fail, it losing this net amount the banks would have retained
would at once add to the bank notes outstanding 144 it, and also woukl have received the 1894,219 excess of
million dollars, and would give a new impetus to the silver coinage over bank-note retirements.
On this point of new bankThere is but a single further statement we wish t*
form-itioD of new banks.

contained in the

no little significance that make to-day. After the first of July, unless all signs
months the outstanding amount fail. Congressional appropriations will be large enough
has decreased very little, the fresh additions being to more that let out current receipts. la other words
large.
In April the new issues reached iSl,353,505, and the vicious working of the Sub-Treasury system will
though in May the amount was less, yet new banks are not only be checked, but the old accumulator will be
forming so rapidlyunder the pressing need which active compelled to disgorge. Can any one doubt under all
business and the rapid growth of the country develops, the circumstances and proposed changes which we have

m">te currency, it

during some of

is

a fact of

t!ie late

enlargement of the issues allowed on the
might have
law,
it
become a
for
a time it very important influence on bank
note expansion.
There is a further fact which helps to
encourage this idea, growing out of the circumstance
that the 58 million dollar fund now proposed to be disbursed represents the residuum of the process of bank
note retirement in operation ever since the National
Banking law was passed. We by no means intend to
convey the idea that the most of the 58 million dollars

that

if

bonds

this

should

covers lost currency, but only that a

must be lost, and the longer the process of
redemption is continued the larger the proportion.
With this fact in mind with business active and the
formation of new banks stimulated by that condition
and by an enlargement of the permission to issue notes
on bonds and with the currency addition which such
enlargement would immediately result in on the
bonds already deposited with all these influences in
;

;

—

is it

not quite obvious that instead of loss dur-

ing the remainder of this year there would be a very
considei-able increase in bank-note circulation.

Now

at

least,

now

passed the

where there can be any

monetary stringency to interfere with business develop-

ment?

LARGE RAILROAD SYSTEMS.

systems in the United States are assuming
and larger dimensions almost every week bringing an addition to some already large combination
and slowly but steadily the problem how to harmonize
considerable por- conflicting interests and work at a minimum of cost is

tion of it

motion,

narrated above, that the ceuntry has
point, for this year

Railroad

—

larger

being solved.

Of course the most conspicuous recent

illustration

& San

FranAtchison Topeka & Santa Fe. But this is
only one instance out of a good many.
Within a comparatively short time we have seen the Chicago Burlington & Northern taken into the Qnincy system; the
Wisconsin Central made part of the Northern Pacific;
the Ohio Indiana & Western and various other roads
added to the Cleveland Cincinnati Chicago & St. Louis;
the Cincinnati Southern, Alabama Great Southern,
Rome & Decatur, Cin. Selma & Mobile, and other lines,
added to the East Tennessee and Richmond & West
Point Terminal combination ; the Fort Wayne Cincinnati & Louisville added to the Lake Erie &
Western
the Chicago & Eastern Illinois brought
has been the absorption of the St. Louis
cisco by the

remarks let us add the statein our Financial Situation
from week to week, that currency has not been short in
May at all. Our banks hNve received such an abundance
as to have given us a 3 per cent market.
What has
been making money so close during May was not at all under
Mackey interest
the
influence
of
the
a lack of currency, but simply Treasury receipts ovning the Evansville & Terre Haute and various
in excess of disbursements.
The net surplus of such other lines the Texas Pan-Handle system embraced
takings by the Treasury out of the banks amounted in by the Union Pacific
the Kanawha & Michigan
that month to $8,-584,99?.
That is to say, the Sub- cared for by the Chesapeake & Ohio; the Rutland and
Treasuries have absolutely withdrawn that amount of Adirondack pass to the Delaware & Hudson, and so on
currency from the banks in May and locked it up where while the Canadian Pacific is now engaged in the work
it could be of no use.
Had our Clearing House institu- of binding the " Soo " road and the Duluth South
tions to-day a surplus reserve of 13^ million dollars, in- Shore & Atlantic permanently to itself.
stead of $4,912, 125 as reported last Saturday, it is scarcely
As a result of such amalgamations, we now have
necessary to say that rates of interest would have ruled aggregates of m'leage under a single influence or conlow enough to satisfy any one. This shows that it is trol on a scale that even the most fanciful imagination
not a dearth of currency that we are suffering from, would hardly dared to have pictured a score of years ago.
but a Sub- Treasury system we choose to keep in opera- It is not so long since 3,000 to 4,000 miles was considered
To show what has been the effect of its opera- large indeed for a single system. Then we progressed
tion.
tions in May we have prepared the subjoined statement. to 5,000 and 6,000 miles, then to 7,000 and 8,000 miles.
-1890.Now we are up to 9,000 and are fast approaching 10,Ifel Outreney Holdings by Titamurer,
itayl.
Junel.
It may furnish a better idea of the magni000 miles.
OoM coin and buHion
$186.'2.35,573 $190,544,834
SUver coin aud buUtou
18,212,726 tude of a system of 9,000 miles to say that outside of
16,864,030
Legal tender notes
9,892,799 the United States and Canada there are only half a
7,209,411
Katlonal bank' notes In cash
ieO,S02
135,702
KAtional bank notes In rederapUon
3,806,834
4,128,493 dozen countries in the whole world that can show as
Fractional silver in ca«h
23,109..331
23,212,458
much road as that. Germany stands next to the United
Total GuTomm't cash iu Sub-Troasury .$237,46-4,008 .$246,049,003 States in the extent of its railroad truck, but has, all
Oaln by Bub-Treasury and lost to commerce In May
1*8,384,997
.,
In Great Britain the big
told, only about 25,000 miles.
Wlver coinage durin«r May
$2,929,000
,Ket national bank notes retired iu May....
2,034,781
894,219 systems are the Great Western, with 2,461 miles the
Met toss of cnrrenoy to oomrnqfoe In Ma 7.
$7,690,778 London & North Western, with 1,877 miles; the North
to the foregoing

ment which we have shown

;

;

;

.

.

.

;

.

THE CHKONICLE.

7B4

Eastern, with 1,599 miles; the Midland, with 1,418 miles,
and the Great Eastern, with 1,055 miles, and the aggregate of the whole five is only 8,410 miles. In fact, at 9,000
miles a parallel to our large systems under a single

management could only be found

in those

European

countries where the government controls the whole or

the greater part of the State's mileage.

With the growth

of the systems, one question that

constantly coming up

them

'

Which

is.

The

is

is

the largest system

an interesting one.
on the matter recently, and last week the Boston Advertiser had
a short article enumerating the more prominent large

aiflong

Some

all?

question

is

of our contemporaries have touched

combinations.
therefore,

An

would

extended inquiry into the subject,

seem

timely.

If

the

question

concerned the amount of income it would be easily
answered, for in that respect the Pennsylvania stands
without a peer. But as regards the extent of road an
answer is not so easily found. Considerable preliminary
figuring and calculations have first to be made.
Until
lately the first position was variously claimed for the
Atchison, the Pennsylvania and the Richmond Terminal.
Now it seems to be generally admitted that the
Atchison is entitled to that distinction, the acquisition

San Francisco having placed it in the lead.
There can be no doubt that for amount of mileage
embraced and operated by a single corporation the
Atchison easily stands at the head of the list. But
manifestly mileage may be owned in the interest of a
of the

[Vol, L.

must be considered

Gould combination.
Kansas & Texas, the International & Great Northern and the St. Louis Arkansas &
Texas. These lines, to be sure, are now in receivers'
hands, but if history repeats itself they will be found in
control of the Gould or Missouri Pacific interest after
reorganization.
That was the experience in the Texas
& Pacific and also in the Wabash case, though in both
instances it appeared and was claimed at times that the
result would be otherwise.
Besides, whatever doubt
might remain would be removed by a reference to the
map given in the last annual report of the Missouri
Pacific.
There the lines in question are put down in
colors the same as the other lines in the Missouri Pacific
system even the St. Louis Arkansas & Texas, which in
other years did not find a place on the map.
Evidently,
therefore, it is Mr. Gould's intention to retain control
of those lines, and hence in any estimate of the amount J
of mileage under his domination they must be taken
into account.
In the Southern Pacific case, also, there
are some roads to be included besides those regularly
reported.
We have made up the following statement
to show the full mileage for each of the four leading
interests
the Missouri Pacific, the Southern Pacific,
the Atchison and the Union Pacific.

We

as part of the

refer to the Missouri

—

i

—

Atchison Topeka

&

Miles.

Santa Fe (including one-half of lines Jointly

owned)
Bt.

Louia

& San

7,1 10

Francisco (including one-half of lines jointly

owned)

1,855

Total

8,965

gystem or coi-poration without being directly operated Unlou Pacific -Mileage reported in
ment
or controlled by such system or corporation.
Central Branch Union Pacific
In that
One-half lines Jointly owned
view that is, considering aggregates of mileage united
Total
by identity of ownership the Atchison does not occupy

—

7,567

388
93

—

we

show below. The company in
weekly statements of earnings reports on 7,110
miles for its own lines and 1,855 miles for the San

first place, as

shall

its

Francisco,

preliminary monthly state-

making 8,965

together, or say roughly 9,000

miles.
As already said, there is no other railroad corporation operating that amount of mileage.

—

The Union Pacific, however under the various
acquisitions made by it is also getting up to large
figures.
The company, in reporting last week its earnings for the month of April, included for the first time

—

the operations of the Texas Pan-Handle system of roads,
and the mileage was given as 7,567 miles. This is over
450 miles more than the mileage reported on by the
Atchison before the acquisition of the San Francisco.
But the 7,567 miles in question covers only the road
embraced in the company's preliminary return. In
the later and fuller statement some more roads are
included.
Supposing that these latter will be the same
as for March, the complete statement when issued will
embrace over 8,000 miles—to be exact 8,047 miles.
That is to say, the Union Pacific is only about 900
miles behind the Atchison and San Francisco combined.
As compared with these heavy aggregates, what is
the place occupied by the Missouri Pacific and the
Southern Pacific both in about the same section of
country? The Missouri Pacific, so-called, embraces

8,047

Southern Pacific— Atlantic and Pacific systems

6,052

Houston & Texas Central
Mexican International

800
400
180

Oregoniau narrow-gauge

7,432

Total

Missouri Pacific, including Iron Mountain, Little Kock
Smith, Central Branch Union Pacific, &c

Mesourl Kansas
International

Texas
Bt.

&

& Texas

& Great Northern

Pacific

Louis Arkansas

Fort
5,094
1,704

825
1,497
1,227
"10^347

Total

Wahash Railroad
Grand

& Texas

&

total

1,920

12,267*

According to this statement Mr. Gould still stands
"the foremost man." His domain extends over
13,267 miles, being one-third more than the total for
Atchison and San Francisco. If we exclude the Wabash
because it lies east of the Mississippi, even then the total
of the Gould combination is 10,347, or nearly 1,400 miles
The
greater than the Atchison and San Francisco.
Gould mileage stands first, then, among the systems
west of the Missouri, the Atchison comes second, the
Union Pacific is third with 8,047 miles, and the Southern Pacific fourth with 7,433 miles.
Incidentally we may remark upon the strength of the
railroad situation ia that section of the country by reaThe Censon of these large aggregations of mileage.
in
both the
miles)
included
tral Branch U. P. (388
is
Union Pacific and the Missouri Pacific mileage, the
now 5,094 miles, this including the Iron Mountain, the line being owned by the one company and operated by
Little Rock & Port Smith and the Central Branch the other.
But, allowing for that, we have no less than
Union Pacific. But in addition the Texas & Pacific is 36,333 miles of road under the control of four leading
controlled by the same parties and in the same inter- interests.
Eliminating the Wabash we still have 34,est, and the Wabash is also owmed in the Gould inter- 403 miles, all west of the Missouri River except the
est.
These two roads have together 3,417 miles, which Atchison's Chicago line. Not only should it be easy to
if added to the 5,094 miles reported in the Missouri maintain harmony with such a large mileage controlled
Pacific gives a total of 8,511 miles, or only a little less in this way, but there is really comparatively little road
than the 8,965 comprised in the Atchison-San Fran- in that part of the country outside of _that held by the
cisco combination.
But there are still other lines that four great interests mentioned.
as

—

'•

JONK

7,

THE CHRONICLR

1890.]

785

In the South, the Richmond & West Point Terminal
have some vast
In the Northwest, also, we
miles.
of
reach
almost
course attracts attention.
That company controls
two
that
7,000
systems at least
The Chicago & Northwestern falls only 12 miles short three great systems, namely the Richmond & Danville,
of that figure if the St. Paul & Omaha and the trans- the Central of Georgia and the East Tennessee, and
Missouri lines be included.
We have already stated the total mileage of the three, as nearly as we can calthat the Union Pacific sj'stem comprehends 8,047 miles culate it under the many recent changes, now stands at

—

of road.
If to this we add the 6,988 miles in the Chic. &
Northwestern, we have a total of 15,035 miles of road
represented by the traffic alliance made last fall by the
two companies. It is not surprising that such a combination should have been viewed with some uneasiness by
rival lines. The Chicago Burlington & Quincy, counting
the lines controlled and also the Chicago Burlington &
Northern, is almost as large as the Northwest, comprising 6,883 miles. Then there is the Milwaukee & St.
Paul, with 5,678 miles; the Rock Island (including the
Burlington Cedar Rapids & Northern and Minneapolis
& St. Louis), with 4,587 miles; the Northern Pacific,
including the Wisconsin Central, with 4,429 miles; the
Great Northern or Manitoba system, with 3,278 miles,
and the Illinois Central, with 2,875 miles. The Canadian Pacific is also an important system in the Northwest, though much of its mileage lies in the Dominion
of Canada.
Counting the " Soo" road and the Duluth
South Shore & Atlantic, it controls as much as 6,766
miles.
Its Canadian rival, the Grand Trunk, controls
about 4,101 miles. The following shows how these vaIt should be unrious figures are reached in each case.
derstood that the totals are not represented to be absolutely exact.
We have tried to make them as neai-ly
correct as possible, but the mileage is all the time
changing, and then it is not always possible to distinguish and separate small pieces of track which may be
operated by two or more systems. In several instances
we have been able to take out some of the latter. Thus,
in giving the Gould mileage, further above, the piece
of road between AVhitesboro and Fort Worth in Texas,
has not been included in the Missouri Kansas & Texas,
since, being jointly operated with the Texas & Pacific,
it has been counted in the latter's mileage.
So, too,
the Holden branch, being in the Missouri Pacific total,
was not again counted with the Kansas & Texas.
Miles,

Chicngo & Northwestern
Chicago St. PaiU MinneapoUs & Omaha
Trans-AI Issourl Unea ot Northwest

4,2."iO

1,394
1,344

Total

6,988
5,141
1,379

363

Total

6,883

& St. Paul
5,678
Chicago Eock Island & Pacific, East and West of Missouri River 3,187
Burlington Ceda,r Rapids & Northern
1,046
JI iuueapolis & St. Louis
354

Chicago Milwaukee

Total

4,587

Northern Pacific
Wisconsin Central.

3,601

828

Total

4,429

Northern— Manitoba
Montana Central

Gre.it

3,030

178

Eastern of Minnesota

70
3,278

Central— Illinois and Southern Lines

Duhuquc & Sioux
Falls.

2,275

524
76

Cnty

& Minnesota

Total

2,875

Canadian Paciflo

6,186

Minneapolis St. Paul & Sault St. Mario
Diiluth Houth Shore & Atlantic
outhoaateru of Canada

777
522
281

Total

Grand Trunk

of

Canada

& (Jrand Trunk
Detroit Grand Haven & Milwaukee
Chicago

Toledo Saginaw
Total

Louisville

full

&

totals, however,
mileage of the Georgia Railroad and

dependencies, which railroad

its

Nashville operates and

Both these
is

jointly

Central of Georgia and the Louisville

owned by the

&

Nashville.

Crediting each with only one half the Georgia mileage

— following in this the
Union
mileage would stand

son and the

practice pursued by the Atchi-

Pacific

—the

Richmond Terminal

at 7,469 miles

and that of the

Louisville & Nashville at 3,827 miles, as follows
RirnMOND & Wkst Point Tebhimal—

:

illUt.

Rlcliiuond & Danville system
Central Railroad of Georgia
£ast Tennessee Virginia & Georgls (Including Cincinnati

HcUna & Mobile and Rome & Decatur)
Memphis A Charleston
Mol)llo4 Birmingham
Cincinnati Southerp and Alabama Great Southern

3,090
2,303
1,325

330
150
631—2,436
7.829

Total

Less one half of Georgia Railroad,

owned Jointly

860
7,469

Result

LrtCMTlLLE A NASHTILLE SYSTEM—
I/juisvllle A NashviUe
2,208
NashvtUe Chattanooga A St. Louis, and other lines owned and
1,170

leased

Georgia Railroad and dependencies
Annlston A Atlantic, Ac, recently acquired

721
88
4,187

Total

360

Less one-half of Georgia Railroad

3,827

Result

Among

the Middle AVestern group of

Pennsylvania

very prominent for

is

its

& musbegon

."

the

roads

extent of road.

The so-called lines east of Pittsburg and Erie, which
now showing from $600,000 to 1700,000 increase in

are

gross earnings per month, comprise only 2,392 miles,

but there are various other Eastern roads owned and
controlled, such as the Northern Central, Baltimore &
Potomac, Philadelphia Wilmington & Baltimore, &c.,
&c., and in addition there is the large system west of
Altogether, the Pennsylvania owns and
Pittsburg.
The Vanderbilt lines New
controls 7,664 miles.
York Central, Lake Shore, Michigan Central, Big

—

Four, &c.,

—are

and yet for

not operated by a single corporation,
purposes may be regarded as

practical

all

part of a vast system of roads controlled in the same
interest, and subject to the guidance and direction of

We

8,675 miles of road east of

find

Chicago under the influence of the Vanderbilt interest.
Pennsylvania System—

Uilet,

A Erie

Western lines

2,392
1,891
3,381

Total

7,664

Pennsylvania lines east of Pittsburg
Otbem Eastern lines ooutrolled

VANDEimitT LrsES East op Ciiicaoo—
New York Central
Dunkirk Allegheny Valley A Pittsburg
Beech Creek
PinoCrcek
Corning Cowanesqnc A Antrim
.r.z:....^.'.
Syracuse Geneva ii Coming
Lake Shore & Michigan Southern
New York Chicago A St. Louis
Pittshurgifc Lake Erie
Michigan Central and Canada Southern
Cleveland t:incinnati Chicago
Ohio Indiana A Western

A St.

Louis

1,421

91
131
75
85

64
1,480

512
136
1,554
1,500

353
65
165
915
129

Whit ewat er

Total

Cedar

embrace the

that interest.

& Quincy
Lines controlled
Chicago Burlington & Northern.^.

ChicaKO Bnrlinsrton

Illinois

The

7,829 miles.

controls about 4,187 miles.

Cluciunatl Wabash A Michigan
Chesape.ike & Ohio
icanawha A Michljian

8,675

Total

The Chicago & Northwestern
derbilt property,

and

its

is

of course also a

Van-

6,988 miles would swell the

Vanderbilt lines to 15,663, at which figure
it excels very decidedly even the Gould combination,
6,766
thus making it the most prominent factor in United
3,481
The total can be still further
335 States railroad affairs.
189
Thus if it be regarded that the
96 increased if one likes.
4,101

total for the

Chicago

&

Eastern Illinois

and the Mackey roads

THE CHRONICLE.

786

be under Vaaderbilt influence, that would add nearly
Or the Union
1,500 miles more to the aggregate.
Pacific or the St. Paul, or both, can be added if it be

thought that these are controlled by the Vanderbilt

[Vol.

I*.

conjecture), prefacing

it with the remark that life
insurance does not depend for security upon new business; on the contrary, new business here as in other
lines of industry may coat more than it is worth.

A

number of risks large enough and scattered enough to
mileage under Gould and make "an average" is essential; this foundation (for

^arty.

Having the aggregates of
Vanderbilt domination respectively, it will be of in- which two or three thousand lives will serve) having
terest to see the aggregate of mileage controlled by Mr. been obtained, it is not necessary to even keep the
Huntington. For this purpose it is necessary only to take ranks filled.
The much-abused and illy-understood
the Southern Pacific mileage above and add the lines " level premium," which discounts future need by proowned east of the Mississippi, which gives us 9,038 viding a reserve fund in advance of it, so operates that
any

miles.

Hdntinoton Lines—
lines west of Missouri River, as above

MiUs.
7,432

company could go

really solvent

Jiquidation and wait to die out with the

into

voluntary

life of its latest

surviving member.

This has been done, and a con& Trust
Co. of this city, which has outstanding now 39 policies,
r
23
for $79,000, and ten years ago had 65 policies, for
Total
9,038
$210,000; but companies which make life insurance
The most striking results, however, are reached in their chief and not an incidental business do not volunsummarizing the figures, detailed above. Treating the tarily die out, for that would be to wantonly waste
Chicago & Northwestern and the various Vanderbilt acquired facilities and position. None are satisfied to
lines east of Chicago as one interest, and treating the
remain stationary. The Mutual Life some years ago
Gould and Huntington lines in the same way, we find made a resolution not to exceed 100,000 lives (not
Cbesapeakc Ohio & Southwestom
Kentucky Central
Elizabetntown Lexington & Big Bandy
Louisville New ftrleans & Texas
Chesapeake & Nashville
Kentucky & South Atlantic

398
254
139
767
35

spicuous instance

is

the N. Y. Life Insurance

that sixteen leading interests and corporations control

policies) at risk at one time; but this resolution has been
111,149 miles of road. If we take out the 10,867 miles rescinded since the present head came into power, and
in the Canadian Pacific and the Grand Trunk systems,
the company is in the race with the others for the
over 100,000 miles of road would remain controlled or
premier position.

directed by only 14 interests and corporations.
is,

is

That
As to the field still unexhausted the following figures
about two-thirds of the entire mileage of the country
may serve as some indication:
1880.
1890.
controlled by these 14 interests.
The order of the

interests

is:

Vanderhilt lines, including Chicago & Northwestern
Gould lines, including Wabash, but not Central Branch U. P..
Huntington lines, east and west of Mississippi
A-tohison and St. Louis &8an Francisco
Union Paoiflc

Pennsylvania

Eiehmond Terminal
Chicago Burlington & Quinoy
Canadian Paoiflc
Chicago Milwaukee ASt. Paul
Chicago Eock Island & Pacific
Northern Pacific and Wisconsin Central

Grand Trunk

Louisville

& Nashville

MUes.
15,663
11,879
9,038
8,965
8,047
7,664
7,469
6,883
6,766
-6,678

4,587
4,429
4,101
3,'!27

Great Northern

3,278
2,875

iniBOis Central

Total sixteen interests and systems
Less Canadian Paoiflc and Grand Trunk

Total fourteen intereste

Total population
50,500,000
Population of New York State
5,082,871
7, 191,108
Insurable population
901,751
Insurable population lu New York
595,486
Number of policies outstanding
114,305
Numberof policies outstanding in New York.
535,938
Number of Uves insured
102,375
Number of lives insured lu New York

65,213,000
6,500,000
9,286,331
1,157,000
1,139;894
186,216
1,025,905
140,795

This takes us into the realm of conjecture, into
which it is always safe to make excursions (because
nobody can disprove) provided one does not, as zealous
statisticians are led to do, offer the results as positively

The population figures for ISOt) are from
made a year ago by State officers. The insurpopulation is obtained by taking the number of

ascertained.

111,149
10,867

estimates

100,282

able

Evidently under this process the work of our Inter- white males of military age (18 to 44) as the best
State Commerce Commission is being greatly simpli- approximation and deducting 20 per cent as those to
fied.
Evidently also, under the same process, many of whom for any reason it would be useless to offer insurFor the number of lives insured we deduct 10
the difiiculties in the way of reconciling diverse and ance.
from the number of outstanding policies; the
cent
per
conflicting elements are being removed, thus bettering
the general railroad situation and improving the out- other figures are as officially reported.
Taking these estimates for what they are worth, it
look for railroad properties. Finally, the problem how
to work at low rates is being solved, since the changes appears that of the possible candidates for insurance
in progress indicate an adjustment of railroad affairs to about 11^ and 12^ per cent now have policiee in the
that condition, thus ensuring to the public the advan- country and State respectively, and that about 7^^ and
Yet "industrial"
tage of permanently cheap transportation.
13i per cent had them ten years ago.
which
in the largest
considered,
also
must
be
policies
more
than oneoutnumber
by
them
issifing
company
OF LIFE
half the total given above as outstanding in the coun-

FUTURE DEVELOPMENT
INSURANCE.

an article on this subject May 17, we suggested
the query how long the astonishing advance of late
years in life insurance business can be kept up.
Of
course there is no such thing as exhausting the
demand any more than in exhausting demand for food:
yet there must somewhere be a line beyond which
demand will hardly advance faster than the growth in
population, and certainly such cumulative growth as
has been made in the last five years must consume
In.

may be

lecture

bering that industrial policies are largely upon children,
approximately one-third of the insurable population
seems to be covered. If we consider amounts instead
of

number

of policies,

we

find outstanding about 3,500

million dollars, besides about 1,680 millions in the
assessment societies (estimating their certificates to

average $1,500 a piece, which

itaelf.

It

try and in total are nearly three times as many as that
number. The assessment societies also have outstanding nearly 1^ millions of certificates, which for this
purpose must be reckoned insurance; and after remem-

of

upon

make some reasonable conpoint (for we cannot go beyond

interest
this

to

is

rather low), or about

$80, nominal and substantial together, per head of the
entire population,

June

THE CHRONICLE.

1890.]

7,

787

cation has been favorably passed upon and the premium
and the world
has been paid are treated in the official reports as new
which in 1889 wrote 60 per cent of the total American business done and terminated. Increase in the ratio of
business (exclusive of assessment and industrial), and this class of business to the total new business and to
now hold more than half of the outstanding amount at terminations (the issues and terminations in the
risk
are pushing most vigorously in Great Britain, table include
the " not taken ") obviously shows
France, the Continent, Russia, Mexico, South and Cen- increase in the inability or the indifference of candiOf course this gives dates to carry out the contracts they have been induced
tral America and even Australia.
them new fields, and whether their aggressiveness pro- to begin; so far it is an indication of overdoing. The
ceeds most from business ambition or from a surmise ratio of "not taken" to issues has been rising, until
that the home field is liable to exhaustion, we leave the from one-sixth to one- fifth fails of completion, and it
reader to his own conjecture.
happens that this ratio, in case of all companies operatPerhaps he may be assisted to this by some figures in ing here, was in 1889 the same as in the case of the much
the annual report of the Insurance Commissioner of larger number (69 against 30) operating twenty years
Missouri, which has come to our hands since the fore- ago.
The ratio of " not taken " to the entire amount

Some

three

of this, however,

is

mammoth companies

foreign business, for the

—

of this city

—

going was written. That official starts with "assum" ing that a minimum of one inhabitant in five should
" have insurance to at least $3,000" which seems very
extravagant if entire population is meant, and can also
be contrasted with our own estimate above of 180 per
head as now outstanding and estimates that the country " is capable of sustaining upwards of 40 billions of

terminated
is

—

He

insured."

larger just

supremacy than in
as

we should

the difference

—

"dollars on 14 million pei-sous

is

now than

ever before, and

it

larger in the three companies most in the contest for
all

the companies together.

This is

expect, and so of the ratio to issues; but
is

not great, and in the comparison of

better showing.

For 1890,

as

all

make the

terminations to issues these three companies

we have remarked, these

three clearly intend to see which will get furthest past

also

no more new the 200-million line, and it has already been given out
that one of them wrote more than 50 millions in the
that the present 516 millions assets held by the seven first quarter.
So intense a race of course tends to
leading companies would in eight years more become further raise the ratio of " not taken " and even the
850 millions, 1,300 millions in a further seven years, temptation to knowingly write fictitious policies, which
and 1,900 millions in a further six years, by ordinary would not touch the finances and would go no further
accretion, after charging off 350 millions as death claims than to swell the apparent total.
meanwhile.
At another time we whall consider what changes
On the other hand, and distinctly opposed to such appear in the character of the business done.
roseate estimates of what may be, there are unmistakacalculates,

upon the supposition

of doing

business and having no terminations except by death,

ble signs of over-pressure already, exhibited in part in

Silver Legislation in Congress.— The following is the
agreed upon iu caucus by the members of the dominant party in the House of Representatives, and which it is
expected will pass the Hou^e to-day (Saturday)
Be it enacted by the Senate and House of Rcprosentatives of the

the following comparisons:

silver bill
Ratios of

.

TtrminatUms

During

i«»it«».

Tear. All

3 co>,
49-3

cos,

1889... 51-3
1888... 54-5
1887... 52-5
1886... 54-4
1885... 50-8
1884... 60-7
1882... 821
1879. ..103-2
1877... 148-2
1875...10tJ-7
1873... 87-9
1869... 57-7

Not talcen

Surrenders <6
Lapses to issues.

la

51-9
49'2
51 1
50-0
56-2
53-9
83-2
112-3
95-5
68-7
59-5

AU cos.

3 COS.

24-9
27-7
26-3

21 -7
27-9
22-7
27-7
31-1
32-3
33-0
56-8
86-2
72-1
44-3
31-8

280
32-3
37-3
33-7
64-3
105-3
74-4
58-7
30-6

to

issues.

All cos.
16-9

16-1
13-3
14-3
13-6
14-7
11-7
11-3
14-3
14-4
15-7
16-9

3 cos.
19-2
14-9
lC-9
12-1
15-5

15-5
12-2
11-9

Not taken

lo

terminations.
All em. 3 eos.
33-0
38-8

29-4

33-6

293

344
237
309
276

2C-7

228
23-0

190
10-8
9-7

110
122

13 5

14-1
10-8

29-2

17-1

22-7
14-4

98
12-8
20-5
28-2

• The " not taken " is, of coiirao, a portion of the "Ishuos" In any
year the " surrenders and lupses " <with inaiguifloant exceptions) come
out of business previously obtalued. Hence " terminations," .and even
the " surrenders and lapses" which are a portion of them, may exceed
issues in a year.
;

Aggregate amounts of insurance are used here, mt
The three companies put by
of policies.

numbers

themselves are the three largest.

during

five

or

six

The

years prior to

appears, the insurance terminated in

great reaction

1879 incidentally
all ways, and that

by surrender and lapse as well, exceeding that written;
of late years that dropping off has been more than half

More suggestive still is the proporthe "not taken." All sensible

of that written.

tionate

increase

in

I

United States of America, In ConRrcss assomblea :—
Section l. That the Secretary of the Treasury is hereby directed to
purchase from time t<i time silver buUiou to th<? aKgi-ogate amount of
$4,500,000 worth of fine silver in each mouth at the market price
thereof, note xoeedln,'$l for 371 25-100 grains of pure silver, and to
Issue in payment for such purchases of silver bullion, Treasurj notes of
the United 8tate.'», to be prepared by the Secretary of the Treasury lu
such form and of such deuominations, not \am than one dollar nor more
than one thousand dollars, as ho may pre.«crlbe, and a sum sufBcient to
carry into efioct the provisions of this act is hciehy appropriated out of
any mone> in the Treasury not otherwise appropriated.
SBC. 2.— That the Treasury notes l88uo<l iu accordance with the provisions of this act shall be redeemable on demand, in coin, at the Treasury of the United States or at the office of any Assistant Treasurer of
Oie United Sates, and when so rcdocmod may be reissued, but no
ereater or less amount of such notes shall bo outstanding at auv time
San the co.st of the silver biUlion then held in the Treasury purchased
by such notes, and such Tre^jsury notes shaU be a IcRal-tender In pavment of all debts, public and private, except where otherwise expressly
stipulated in the contract, and shall be receivable for customs, taxes
and aU public dues, and wh'-n so received may be reissued, and such
notes, when held by any national banking aoiooiation. may be counted
as a part of its lawful reserve, provided that upon demand of theholder
of any of the Treasury notes herein provide.1 for, the Secretary of the
Treasury may, at his discretion and under such regulations as he shaU
prescribe, c.xchunge for such notes an amount of silver bullion which
shall be equal in value at the market price thereof on the day of exchange to the amount of such notes presented.
8ec. 3.—That the Secretary of the Ti-easuvy shall coin snoh portion of
the silver bullion piiroha-^cd under the provisions of this act as may be
necessary to provide for the redemption of the Treasury notes herein
provided for, and any gain or solgnorage arising from such coinage
shall be accounted for and paid into the Treasury.
Sec. 4.— That the silver bullion purchased under the provisions of
this act shall be subject to the requlroment«| of existing law, and the
regulations of the mint servk-c governing the methods of determining
the amount of pure silver contained, and the amount of charges or
deductions, if any, to be made.
,,.,....
„
.„_
Sec. 5. -That so much of the aot of February 28. 1 87><, entitled "An
act to authorize the coina.ge of the standard silver dollar and restore
and
purchase
Its legal ti^nder chanicter*' as requires the monthly
coinage of the same into silver dollars of not less than two million dolherebullion
is
lars nor more than four million dollars' worth of sUvcr

„_....

induce the applicant to by repealed.
...
,
„
Sec. 6.— That whenever the market price of sUver, as determined in
advance of issue, pending pursuance
of section I of this act, is $1 for 371-25 grains of pure
deposit
silver, it shall bo lawful for the owner of any silver bullion to
acceptance of his application, but in the majority of ttie
same at any coinage mint of the Unlttd States to be coined into
standard silver dollars for his benetit, as provided in the act of January
so
and
cases they are unable to effect this precaution,
18 1837

agents,

properly

deposit his

first

enough,

premium

,

the number of abortive polices is necessarily considerBy an absurd fiction these policies -.vhich are
able.

—

"written" in the

literal

.

in

sense, as a

man might draw

checks to his own order as imaginary deposits for bank,
and cannot strictly be said to have " tei-minated," inasmuch as the insurance does not begin until the appli-

Sec. 7. -That upon the passage of this act the balance standing
with the Treasurer of the United States to the respective credlU of
national banks {or deposits made to redeem the circulating notes of
such banks, and all deposits thereafter received for like puriKises, shaU
be covered into tne Treasury as a mlsc^^llaueous r«c6lpt,
and the Treasurer of the United States shall redeem from the general
cash in the Trea'^ury the circulating notes of said banks which may
come into his possession subject U) rcileniption, and upon the certiHoate
of the Comptroller of the Cun-cncy that such notes have been received
by him, and that they have been destroyed, and that no new notes will
be issued in their place, reimbursement of their amount shaU be made

THE CHRONICLE.

788

to tbe Treasurer under sucli regulations as the Secretary of the Treasury may prcscrihe from an appropriation hereby created, to be known
as "national bank notes—rcdeiuptiou account," but the provisions
of this act slinll not apply to tho deposits received under Section 3 of the act of June i!0, 1874. requiring every national bank to keep
In lawful money with tbe Treasurer of tue United States a sum equal
to five per centum of its circulation, to be held and used forthcredciuptlon of Its ciroiilatiug notes ; and the balance remaining of the deposits
so covered shall, at the close of each month, be reported on the monthly
public debt statcineut as debt of the United States bearing no interest
8ec. 8. That this act shall take efifcct thirty days from and after Us

^

passage.

The range of Government bonds
May was as follows:

following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y.
Stock Exchange during the month of May, 1890.
RAILROAD AND MrSCEtLANEOCS STOCKS,
Low. High.
171
173

EAILROAD8.

5u%
91^ 91%
.Wis

Atchison Top. AS. Fe.
Atlanta A Coarlotte.

Raii-boads.
N. Y. Sueq. & W..pref.

Norfolk

Do

& Western.

.

pref..

7
9^ Northern PaclHo
Atlantic & Pacltlc
pref..
Do
Best. H. it Erie. new.
%
%
Bos.&N.Y.Air Liue.pf 104>4]05''8 Ohio Central
Ohio
Elevated..
38
38
Ind.
&
West
....
•Brooklyn

Buff. E. & Pitts
Burl. Ced. Rap & Nor.
•California Pacltlo...
Canadiiin Pacltlc

Canada Southern
Cedar F. A- Minn

do
do

4

Do

Istprcf,

2d

&

Chicago

pref.

Alton

3i

im

60'8
5

&

Northwest...

pref..
Do
Chlo. & Rook Island..

Chic.St. L. dcPittsb..

Do

114

49

80
9918 101
35
28
7.5'a

24% 26
162
18
SB's
SO^a

pref. ass..
Den.T. &rt. W., ass.
Des Moines Ft.

Do

&Atl

6

.

7ifl

...

20

pref..

E.Tenn. Va.

Do
Do

&

9 14

Ga. Ky.

76

1st pref.
2d pref.

23=8

Evansv. & Terre H..
Flint & Pere Marq.

120

pref..
•Georgia Pacltlo. ...
Gt.Noith'n, sun. pf...

1(jO

Do

O.B.W.&S.P.,2dsu.pd
Hous. & Texas Cent.
Illinois Central

33
12
79^8
8

4

H6I2

Do Leased Lines

99

9%

Iowa Central

Do

pref..

Keo. ADcaMolnespf.
Kingston & Pern
Lake Erie &We9t'n..

Do

Manhattan Beach...
Marq. H.&Ontonag'n

Do

20 "4
56»8
3838

9 "s

8I4

24 ig
1 1 »«

81
27>4

fish's

16
7
II712

99
1214

33 >s

18
1834
6514

19

1314
I9''e

'15

I1212 117
418
5

14% 14%

Mexican
"'--'"— Nat.,
""- certs.
'-"Mexican

23'8

2969

558

Michigan Central....

8^

991s 1023i

Mil w. & Northern ...
Minneapolis & St. L..

Do

1891

4129,1891, 4», 1907, 4», 1907,
coup.
cmtp.
reg.
122
122
•1031s
I22I4
122
•1031s
•lOJis
12 i
122
•10312
122
122
sales during the month.

reg.

Opening.. *1023»
Highest.. •10239

Lowest.. "10i%
Closing... '10238

Prices

bid—no

62

Istpref.

2d pref.
N. Y. & Harlem
M. Y. Lack. & West.
H. Y. Lake Erie & W.
.

Do
&

IS. Y'.

K. Y.

pref..

North., pref.

& New England

12

104
08
17

1

7278
39I3

270
112
2714

60
27

47%

H.Y.N.H.& Hartford 255
K. Y. Ont & West....
20
K. Y. Sus q.
*

& West.

UiiUsted.

.

Do
Do

St.

pref..

Istpref..

Paul. ADuluth...

8

61=8
3314

6639
38^8

80

86

H

14

22

9
24

22>s

23

13

2IT„

61,,

88=8
2II3

Do

pref.

Texas
Tol.
Tol.

&

Ann
it

Pacltlc

& No. M.

A.

O. Cent

Do
pref..
Tol. Peoria
West..
Union Pacltlc

A

UuionPao. D. &a...
Virginia Midland

Wabash

Do

pref..

Wheel.&L.Erie.com.

Do

pref.

American
United States.

24

22%
SiH
21

28I4
87's
24'8

43

4()i3

1241s I3014
418
12'a

26
47
95
36
92

41a

14=8
36I3

97

Wells,

Fargo

& Co....

Coal and Mining.

207e
3713

65
79 "s
1714

64%
36"4

52
13

Colorado Coal & Iron
Col. & Hock. C. &I ..
Consolidation Coal. .
Homestake Mining.
Marshall Cons. Coul.
Maryland Coal
Minnesota Iron
New Central Coal
Ontario Silver Mln..
Quicksilver Mining..
.

Do

pref.

211s
4j1s

6i
85
20 >3

4 85-i«
4 85

4 87.12

28=8
393i

15
311a
42=8

77

79 -a

SOis

3338

ISOig 155
II514 120
71
78
142
148 13
1

49I3
2414

23
91a
4''8

14

80
81s

44
71s

38
481a

103

3%

Edisou Gen. Electric.
KquitableGas
'
-- Gas,
•
- LLttilede
St.

Do

pref..

*Me>. Nat. Cons. Co

•MtDes.&ES.LdCo.

22
65 14
27 14
8II4
1118

31

45I2
7=8
3Ml2

58
105

Odoroctwo/

P'K'ble

1891.

4 86
4 86

La.st-

tS7-i2
4 871*

4 84
4 85-12

4 86
4 87-ia

1890.

81,

1907. Q.-J.
45
48 refdK.certf s. Q.-J.
38.

pension

Pacific

RSs

J.tJ.
J.*J.

..
..

Accrues

Int. Z>u«

iUnpaii. Intn-Mt.

Tbial.

Coupon.

t

%
22.811.850

110.321.450

%
165,698

1.241.138

H4,154,«0l'

(S0),0t)0.l50

87,511.600

618,905,200

t

•04,6!j3,r)12

671,040,362

Aggreirate

i^iiUlaiuuiui.

BtQUteni.

Q.-M.

lot),a»l!,75i.

*

843.«-!9

4,020,401

104,930

46.191

14,000.000

810,000

699
175,000

•64.623.5 IS:

9,569

1.615,587

792,112,092

1,2;5,12';

7,'

52,827

I. 1895: average data of
13 362 000 matures Jan. 16, 1895; $640,000 Nov.
14.320,000 Feb. 1, 1896
maturity, March 19, 1895: $3,680,000 Jan. 1, 1896,
t29,904,95a Jan.
average date of maturity, Jan. 18, 1896 19,712,000 Jan, 1, 1897;

•

:

1,1898: 114.004,560 Ian.
,

1

1899.

DEBT ON WHICH INTEREST HAS CBA8BD SINCB MATURITY.

maturitr U »1,82«,165;
Aggregate of debt on which Interest has oemed since
consists of a number of
Interest due and unpaid thereon, «149,i36. This debt
Items of which the principal amoants are called bonds.

DEBT BBARINO NO INTEBBST.
Anumnt.
$56,442

Old demand notes
Legal-tender notes
CertlBcates of deposit
Less amount held In Treasurer's cash

346,681,018
10.195.000

340.000-

(Sold certificates

130,788,399

27.4;a.l20-

Less amount held In Treasurer's cash

899,59J.10«

Silver certificates

4,936,023- 294,658,083

Less amount held in Treasurer's cash

15,287.944

fractional currency

Less amount

9,833,000

158.281.519

estimated as lost or destroyed..

8,912,010

8,375,934-

.

$78''.918,951

Aggregate of debt bearing no Interest

RECAPITULATION.
Interest.

Principol.

$
Interest-bearing debt

Oebt on which int. has ceased..
Debt bearing no interest

792,112,092

8,327,955

1.824.165

149,438

1,582,8-5,208

Debt, less cash In the Treasury,
Debt, lesscasb In the Treasury,

46%
66

51
54
100
9Uio

30

3o
200
101% 106
7439 95
1

23%

84>s 86ia

1,973,801

788,91=,951
8,»77,S91

June

May

1,591,362,600

$545,801,909
1,045,760,690
36,901,791

1890
1890

1,008,858,898

1.
1,

1,015,520,770

Decrease of debt during the month
Decrease of debt since June 30, 1889

6.661.871

67,787,722

PACIFIC RAILROADS.
Int. repaid by Companies.

Inttrt»t

esifl

24

800.440,047

78S,9 18,951

Total debt.

43%

62ia
giig

Tel..

Open,
aigh. le3is

Total debt, less available cash Items
net cash In the Treasury

43

22% Western Union

4K6

4 85-is

341a
8312
141a

42>s

20%

487-12"

4 85-is

statement of the public debt at

Amount

Inter't

JtSIM.

101
119
124i8
121is
19
2838

10

4 87-12

4 87-ia

H.

7(1

83%

^''''i

Is

4 83-12

Less cash Items available for reduction of the debt.. .1445,601,909
100,000,000
Less reserve held for redemption of U. 8. notes

32

1

Philadelphia Gas
•Pipe Line Trust
•Postal Tel. Co ...... .
Pullman Palace Car.
.«lvcrhullion certs..
'Sugiir Retlneries Co.
Tex. Paciac Laud Tr.

4 841S-3 4 861S-7

478

211a

.,
T,
-J* T.T
Pacltlc
Mail

4 8412-5 4861^-7

4 85

EBT.

15
83
11

lOaia 105
9812 107>4
411a 48%

4812

4 86
4 86

ai

25
10

34
63

40

84
84
4 84
4 84
4 84
4

4

mand.

8.

The following is the
the close of business May 31, 1890.

31%

74

67
21

•1271s

*xl24
*xl24

day:

23....
4-7
26....
i 84>s-3 4 8612-7 27....
28....
4 841a 48UI3
29....
4 84>a 4 861s
30....
S.
48I-I3 4's'6-ii" 31....

official

.^4

48%

39

•126

60

itay.

DEBT STATEMENT MAY

Various.

•Am. Cotton Oil Co...
"Do
pref..
*Oo
Tr. certs...
Amer. Tel. & Cable...
•American Ca tieTr.
* Brunswick
Co
Chicago Gas Comp'y.

4 87-12

6814
38=9
5ai2

1

9i

13...
14...
t«7
15...
4 87
16...
4'8'7-"ia' 17...
4 87-13 18...
4 87-ia 19...
20...
4S7-ifi
I2
4 87-12 21...
9... 4 85
22...
10.... 4 85-13 4 87-13
23...
S
11....
12... 4 85-12 487-'2" 24...

1.... 4 85-is
2.... 4 85
3.... 4 85
S.
4....
5.... 4g5-ia
6.... 4 85-ia
7.... 4S5-12
8.... 4 85-12

67
IO314
3838

1938

32
52 14
265

De-

mand.

De-

mand-

41
185

•National Lead Trust
•OceanPieriNav Co.
I8I4 Oregon Impiov. Co..
75
1'™'--

2918
691s

60

day.

60
day$.

26% 29

37
ISl

Cameron Coal & Iron.

105
110

2.0
113

ifay.

May.

5118

41 '» 481a
153's I55I3

Cur

'99 rea

BANKERS' BTERUNO EXCHANGE (POSTED BATES) FOR JIAY, 1890.

16
20
103 1« 107
48 14 52%

St. Paul Minn. & Man. 1121a 1141s
Souih Carolina
2% 4
Southern Pacltlc Co ..
34% 36

Commercial Cable ...
Consolidated Gas Co.
8I4 *Dl8. & Cat. Feed. Co

518„
-.
Missouri Pacltlc
74>e
Do
1-56
rights. 1'25
17I4 18%
Mobile & Ohio
Moni8& Essex
I56I4
153

Do
Do

Do

•DistillersA C.F.Tr'st

M.K.&T., 2dass pd.
'Do nf.W.I.Reo.

.

St. L. Alt.

20I4
1738
3118
7914

6%

21%

«4.'V
2*''s

6»,

124%
124%
124%
124%

rates for sterling
exchange in May
are given below, it being understooi that b-inkers' actual
rates are usually a fraction below the prices posted:

<S:

Citizens Gas, Bklyn.

15%

321a

6». Onr.,
•98 reg.

The daily posted

pref..
Do
48
53%
Rome Water Oad.. 114 116»s
«m
St. Jos. & Gd. Isl.....
141a 16

93
96
113 llSij
62 14 62 >s

pref..

Nash. Chatt. & St. L
N. Y. Cent. & Hud. R.
N. Y. Chic. & St. LoiUs

Rio Grande Westera.

47 1«
Do
prof.
32
Tenn. Coal & Iron

90

pref.

pref..

Adams

82
00

& West.

Do

10312
12

29
Xi

40
30
70

pref.
Charles..
Central

Sh.

Richmond Terminal.

Wisconsin Cent. Co..
EXPEKSS.

110
91

Memphis &

MUw. L.
Do

N...

125
39 >«

G7ia
llSSg
93'4
89ia 9213

pref..

I<ake Shore
I/ong Island
lK)ul8ville& Nashv..
Ix)Uisv.N.Alb.AsCh..
•Louis. St. L. &. Tex..
Mahoning Coal
Manhattan, consol...

175

1433s 148''8

.

Do

•Dul. 8. Sh.

L.&U.

Oregon

& T. H
Pref..
8t. Louis Ark. & Tex.
'Do 3aas8tp.l.
52% St. L. & S. Francisco.

117

SO's
lOO'g
98
2is
3
518
5%

&

D

St. L., pref.

Oregon Ky.& Nav.Co.
Oreg. Sh.

3i>8

&

&

Ohio &
Ohio Southern

I45I2 148
a4i8 97
ICa I8I4

pref..
Chic. St. P. Minn. &0.
pref..
Do
Cln. Wash.
Bait
Do
pref..
Cl. Cln. Chic.
St. L.
pref..
Do

Colum. AGreen. pf..
Col. Hock. Val.&Tol.
Delaware & Hudson.
Del. Lack. & Western
Den. & Rio Grande.

pref..
Mississippi...

& Trans-Con.
Peo. Decat. & E'ville.
Phlla. & Read, certs.
Pittsb. Ft. W. & Chic.
42% 4t% Pitts. & W., tr. r( cts
131
133
Do
pfd.t. reo.
1034 14»3 Renssel. & Saratoga.
121S8 128»«
3612
35
SS's 25»s
G338 66%

•Chic. &Atl.Ben..reo.
Chic. Burl. & Quiucy. 1071b Ill's
1-40
KlKblS... 1-03
Do
4o%
33
Chic. & East 111
8312 89
Do
pref.
7314 78%
Chic. Mil. & St. Paul.
pref.. 120
123
Do

Chio.

Do

40

77% 83% Omaha &
5714

Central of N. Jersey.
Central Pacilio
Che8.&0.,Vot.Tr.cert.
J)o

37
30
10

Low. Bigh

Exchange

GOVERNMENT BONDS.
4i*>,

The

Albany iSus

sold at the Stock

in

•

REVIEW OF PRICES IN MAY— STOCKS^
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.

[Vol. L.

JVame
of

BaUway,

Principal
Outr
itaniing.

accrued
and not
yet paid.

t
Cen. Pacific. 25,885,120

Kan. Pacific.

8,303,000

Unl'n Pacific 27,236,512
Con.Br.U.P. 1,600,000

West. Pacific 1,970,560
Sioux C. & P. 1,628,320
Totals

...

The

64.623,512

Interest

paid by
the U.

S.

By

7Van»portation
Service.

$

647,128 33,547,752
157 575 8,587,51
680.012 35,580,090
40,000 2,173,808
49,264 2,436,768
40.708 2,099,342
I,615..'587 81.425.2rt;<

t
6,063.585

By cash pay-

paid by
m'ts: 5 p. c.
net earnings. the U. S,

-

658,283

28,825,883

438,109

22,800,644

3.7116.086

12,341,033

4,791,417

429,777
9,387
165,047
22.80 l.SOS

Balance
o//nter'«t

1,740,103

2,427,400
1,934,295
1.10<i.613

).R1»,744

sinking funds held ($12,000,550 bonds and $i82,545 cash) $12,183,095, or
which $3,563,545 was On account of Ceitral Pacific and $8,619,649 on account of

Union

Pacflc.

JCNB

7,

THE CHRONICLE.

UOO.]

TJimiTED

STATES TREASURY STATEMENT.

The following Btatement for May from the office of
the Treasurer was issued this week. It is based upon the
actual returns from Assistant Treasurers, depositaries and
superintendents of mints and assay offices, and shows the
condition of. the United States Treasury May 31 ; we
give the figures for April 30 for comparison
:

MAY

APRIL

81, 1890.

80, 1890.

abundant and cheap.

At$ett

Batxnco.

LUMUtles.
*

GOLD-Coln
BuUlon

ToUI

(AjmO

gold

Certltloatea Issued
Certlflcates on hand

«

853,784,358
67,54C,895

253.612.783
67JJ65,628

.»21.333.253

320.878.411

15-',2<ll.51»

158,786.08S(

27.473,120

24,142,200

Certlflo'B. net.(t(nfc«ttvj 130,788.399
Net ffold in treasury.

184,642,889

Bullion

Uutt)

Total ailTer

Certlflcates issued
Certlflcates on hand.

190,644.864

Certlflc's,

Net sllTer

1

•

neULUMXUy)

0. Statea notes

8,35:^,089

3ia.8fls.aoi(

809.787,378
297,361,953

4,936,023

4,438,61)5

294,656,083

898,923,348

in treas^y

.{Amu)

18,218,786

on hand ....

19,747,799
10,195,000
8*0,000

CertlBo's, net.(tiaWMtv)

9,856,000

. . .

CertlBcates Issued
Certlflcatea

Net a.S.notes In treas.
Trade dollar bullion

and

;;

iS9,lll,7ir

'448,168,13:2

1,865.558

1,744,600
8,006,101
l,8i«,045

Inter^t on matured debt
Debt traarinK no lnter*Bt
Int. on Pac. IlK. bonds

149.703

871

697

due, unpaid
Aoc'dlnt., rac. Bit. b'ds

9,670

!>,4a7.aiu

1,615,588

10.101
1,292,470

lnt.(tia6^«^»)
Fract'l cur*oy redeemed

10.302,428

8,029.717

871

697

bonds and Inte'st.
Int.oh'cks & coupons p'd

27,766

755.393
146,282

Debt andlnter'st.(^««et)

88,571

8.

D'btAlnt. VitaAtibUUv)

902,372
10,873,857

7,187,b45

Bes'Te for red. U.S. notes. i6o,6()o/()d6
Fund held for redemp. of
notes of Nat. Banks .... 5?,032,895
Five p. c. f 'nd for redemp.
5,675,012
of Nat. Bank notes

i6o,()()i6,'o66

Redemp.reB'r.(L*aMIi(i/) 163,597,907

165,671,075

.

4,128,493

%

a very strong demand for France, Holland, GerDuring the week ended Wednesday
night this damand was so strong that only £11,000 was added
to the stock held by the Bank of England, while all the bar
gold offered in the market was bought for the Continent. On
Thursday there were withdrawals from the Bank amoimting
to £125,000, and it is feared that as the time for the French
funding loan draws near the French demand will increase. It
is known that there must be large shipments to Buenos Ayrea,
and the New York exchange upon London also makes it possible that gold may be taken, though that is not considered
likely here. Owing to the danger of large gold shipments the
Directors of the Bank of England decided on Thursday to keep

DisburH'K(jaicer8'l>jirces.
Undlstrib'd ass'ts of fall'd

32.469,186

30,422,616

National banks
Currency and minor coin
redemption account.

1,098,846

1,120.962

660

300

Portugal.

3^

per cent.

market has been neglected this week and the
price has declined about a half-penny an ounce. This is due
partly to the approach of the Whitsuntide holidays, but mainly
silver

to the fear that as the silver party appears unable to

upon any

agree

may

be a delay in paasing any
measure. The reported threat, too, of President Harrison to
veto a free coinage bill has had its effect. Further, the Roumanian Grovernment has offered for sale old silver coins somewhat exceeding a million sterling in amount, and it is said
that a Vienna syndicate has purchased it. There is also a
rumor that the Austrian Government is considering the dasirabiUty of beginning to sell some of its stock of the metal.
Still the belief is general tliat some legislation wUl take place
in America, and the best informed think that there will be an
early recovery in price, for the quotations for India Council
definite plan there

and telegraphic

transfers have

now

risen sufficiently to

buy silver.
Exchange is closed to-day, and it will also be
closed on Monday, which is a public holiday. Therefore business is completely suspended from last evening until Tuesday

The

l«l,8d4,241
i'6,a49,';57

is

many and

make-it. woEtb the while of th« Indian banks to

8,806,884

169,469,414
"i'BSfl.'sis

a

two months there will be great ease. The calculation
would seem well founded if we could believe that gold would
not be taken in large amounts for abroad; but at the present

bills
6,630,118

for

per cent,

least

60,040,957

Nat. Bank notes in proCess of redemp. .(Asset)
Net reserves. (ZviabiJUy)
Post Office dep't account,

135 7"2
81.84(<,8»»

14«.4:i«

U.

7.209.41!
e,074.5:W

81,225,998

1,8^4,165

Debt and

t

.

week
1

The rate of
discount in the open market is barely t^i per cent. The calculation of the market is that after a little while coin and
notes will begin to return from the circulation, and that for at

The

8,795,000
..

this

at 13^ per cent, till the end of next week at
from day to day at
per cent and even less.

their rate at

8,933.000
140,000

100.801!

—

16,864,030
i'6.6o4."4ii

9,892.790
6,074,538

Deposits in Mat. Banks.

Balances... .(Aaaet)
PlTBLlC DKBT AND INT.—
Interest due, un paid
Aocrued interest

186,235,673

806.429.289

2,880,717

i9U.5i'2.106
. .

Balaneu,

LiaMiUia.
«

BII.TEK— DoUara.stand'rd 309,088,092

1

and

Loans have been made

month

time there

AneUana

789

St«»ck

morning.

In anticipation of this the tendency here for the
to realize profits, but still the markets
Fractional silver coin rehave been exceedingly firm, only a slight decline having taken
demption account
6,780
860
Redemption and excb'ge
place in any department. The great operators look forward
714,885
624,746
Treasurer's transt'rch'ks
to a very marked increase of activity in the American market
and drafts outstandinij. 10,449,752
4,836,027
Treasurer U.S., axent for
for a considerable time to come.
But most of them have not
paying Int. on D.Col.bds
87,759
93.522
yet been able to supply themselves with a sufficient amount
Total
iUabmiv) 49,473.881
48,848,190
of stocks, and they would not be sorry, therefore, to see someInt.on D.Col.bds pd {Asset)
6,727
2,247
what of a decline. At the same time they think that a serious
Net
(Uabaity)
49,466,664
48,845,943
reaction would deter the general public from buying. As yet
Balance* .(Liability)
!»ia.a3r..'5.j9
the general public has not entered the market to any considNet balance.... (Aaaet)
33,930,623
36,901,79:2
Assets not available—
erable extent. When the rise first began, for a week or ten
222.984
206,773
22,989,417
22.902,568
days there was a marked increase in small purchases, but for
69,143,081
60.011,123
a fortnight now the public has not been doing much. Still
the opinion of both members of the Stock Exchange and of
the banking community is that if nothing untoward occurs,
pijcrnctargg®0miwitxcinX
Tx
and prices are maintained, we shall soon see a large increase
[From onr own correspoudent.]
in the amount of business.
The market for British railway stocks was exceptionally
London, Saturday, May 24, 1890.
Tlius far there has not been the large outflow of coin and active early in the week, and though business has somewhat
notes to the internal circulation which had been expected. slackened during the past few days the probability appears to
Even the Scotch drain is not as large as was anticipated. In- be that speculation will revive and extend after the holidays.
deed during the week ended Wednesday night there was a re- The main cause of this is the inquiry that is being instituted
turn of £60,000 in coin instead of tlie outflow looked for. The by a Parliamentary committee into the desirability of permitexplanation is to be found perhaps partly in the fact that the ting the companies to convert their ordinary stocks into prelarge coinage of silver last year has filled up the circulation so ferred and deferred ordinary. Four companies have asked for
that there is not the usual need for sovereigns and half sover- permission to do tliis. The directors in every case admit that
eigns; partly, also, it seems to be undoubted that trade has not they would rather make no change, but they apprehend that
recovered completely from the check given to it by the long the conversion will be carried out by trust companies if it is
monetary stringency of the autumn and winter. Still it is not done by themselves, and they represent that it would be
thought strange with wages so much higher than they have very inexpedient to allow outside sjrndicates to obtain undue
been for years past that the outflow is so small, and it is ques- control of the railways. The plan most in favor with the pubtioned by some whether after all the the outward current may lic and the railway directors is what is called duplication—
that is to say, the conversion of every £100 of existing stocks
not develop greater strength a little later on.
Owing to the small demand for internal circulation and to into £100 of preferred and £100 of deferred. This plan, howthe fact that the redemption of treasury bills has during the ever, is objected to by some as a watering of stocks, and they
past fortnight added about two millions sterling to the bank- contend that it would be better to split the stocks that is to
etj' bilances at the Bank of England, money is exceedingly say, to divide each £100 of existing stock into £50 of preferred
. .

past

few days has been

.

^uqUs ^cms

—

THE CHRONICLE.

790
The committee has

»ad £50 of deferred.

this

week taken the

evidence of Mr. Oiffeu of the Board of Trade and of several
bankers and mombers of the Stock Kxchange. All were in
favor of giving authority to the companies to act as seems i)est

and the general expectation now is that that will be
done; that the committee will early recommend the passing of
a general act authorizing all companies to make the conversion.
The market for international securities has also been very
active this week, and apparently we are about to see an increase of 9|>eculation, the Paris Bourse especially playing an
important oait. There is still great confidence that the inquiry into tlie affairs of the Credit Foncier of France will
prove that though some irregularities may have been committed the institution itself is thoroughly sound.
The Egyptian Government has at last accepted the conditions imposed by France, and the conversion of the debt is
expected to take place in the course of a couple of weeks. The
preference debt and the i}4 P®' ^^nt loan are both to be converted into a new preference stock bearing interest at not
more than 4 per cent, and Egypt is to be allowed to riii.se a
fresh sum of £1,300,000 also in new preference stock. But the
Daira and the Domain loans are to be separately converted.
It is expected also that before the month is out, or at the latest
in the first week of June, the French Government will introto them,

duce
the

in the

Bank

Chamber

the

bill for

renewing the privileges of

Bank is to be allowed to exchange
existing shares into two new shares of half the nom-

of France.

Tlie

[Vou

brouebt forward the question of " Free Coinage." The President Is
said to have signiflod Ills Intention of putting his veto on this, and
although the outlook is quite unchanged, there Is a decided tone of
weakness among buyers. Prices have therefore backed from ITMid. to
47'i„d. Shipments: To New York, per steamer Ems, £10,600! per
steamer Lahn, *;12,0()0; to l3ombay. May Hi, £10,000; to Hong Kong,
£10,000; to Shanghai, £10,000; to Bombay, May 22. £10,000.
Mexican Dollars— A few transactions in Mexican dollars have been
recorded at melting partly. Shipments: To Penang, «74,860.
for bullion are reported as follows:

The quotations

BILVEa.

QOLD.

May

[Mndon Standard,

22.

May

>.

d.

».

Bar gold. line.. ..oa. 77
Bar gold, oontain'B

Hi

77

77

\0H

80dwt9.silver.oi.
3pan.doubloona.OE.
S Am.doabloons.oc.

The

rates for

IS.

Man

London Standard.

d.

ira« IB.

2«.

d.

i.

dar sliver
oi. 17 1-16
Bar silver, oontatnIngSgrs.goId.oz. 47 7-16
Cake silver
m.
60«

9

77 10

Mexican

47«
SIM
46«

46

oz.

dolci

nxoney have been as follows:
Interest alUnoed

Open market rates.

Bank

for depottts by

Trade BiUt.

Bills.

Wss

Disc't

Jo-mt

e

Stock At 7tol«
Six
Three
Four
Six
Four
Months Xonths Months Months ATonelM Months Banks. Van. Days.
1«-1«
1«31H'2 a - 2 «3 2 ats 2 @3

Three

^
kVT. 18 R
^'
8b 3
May S .S
3
'•
»
"
183 3

- 2 « - 2X9 -2«*8
- 2 • - 2«'9 - 2««3
3 ® — 2«S -2«» -2M5>S
\m.i - 2it&-2Hi-2HiS
hH'' - IH - 2!<a - 2 38

2k33
2W 3
2H93
2«®3

1%3

iM<a

w

IM
1«

iSfas

2M»3
2««3
2««8

2i<as

i

m

2Si'33

m

It is also to

IH

l«-tVl

IM

m-iH

IW 1«-1«
IH l«-l«
i«-lM
I

m

The Bank rate of discount and open market
be permitted to enter into fresh chief Continental cities no^r and for the previous
kinds of business. On the other hand, it is to perform addi- have been as foUowa
tional duties for the State and to pay an annuity to the GovMay 9.
May 16.
May 23.
ernment. With tho Bank bill it is expected that the bill for
Rates of
funding the floating debt will be combined, and the two meas[nterett at
Bank Open Bank Open Bank Open
ures are expected to lead to a very great speculation upon the
Bate. Market Rate. iMarket] Rate. ^Markei
each of its
inal amount.

L.

rates at th«

three

weeks

:

May*.

Bank Oven
RaU. Market

\

Paris Bourse.

-•arlB

*

2«

3

4

3

4

2«
2«
8H

4
4

SMK

4

3

4

2«

2M
2H
3H
fH
5«
3«

2Mi
3
4

;

The negotiations between the syndicate headed by Mes.srs.
Rothschild and the Spanish Government are not yet comTheir object is to lend Spain immediately a sum of
between four and five millions sterling in .5 per cent one year
Treasury bills, the bills to be receivable for a new loan, which
is to be brought out as soon as th»«iarkeHs4Ea*oraW*r Lastly,
Messrs. Baring Brothers and Messrs. Hambro haver "J&iik^ a
great German syndicate which has been formed to rehabilitate Italian credit.
AU the leading German banks and syndicates have combined together, but they find it necessary to
obtain English support. The plan is to begin with an advance
to the city of Naples, and this temporary advance is to be
followed by a permanent loan. Then the syndicate is to
establish an Italian Credit Foncier, and after that there is to
be an issue of redeemable rentes. Thus the Government, the
municipalities, the building interest and the agricultural
classes are all to be accommodated.
The finances of Italy are
in so bad a state that these issues are not likely to be largely
subscribed for in this country. Possibly, however, they may
be taken up in Germany, where the desire is strong to support
Italy for the sake of enabling her to fulfil her part in the
pleted.

Triple Alliance.

There has been a further slight fall in pig iron this week, the
proposals of the Tariff Committee of the House of Representatives with respect to tin plates having added to the de-

On the other hand, the copper market is exceedingly strong. It is reported from Paris that some American
minini; companies are negotiating for the re-purchase of the
pression.

metal sold

Metaux. and the impression in
the trade is growing stronger that the consumption largely
exceeds the production, and consequently that the price must
advance considerably. In consequence the prices of all copper shares have advanced this week. For example, Rio Tinto
shares, which it will be recollected fell to about 9 at the time
of the failure of the Comptoir d'Escompte have been this
week as high as 19^^. The cotton indu.'itry is fairly good, and
generally the state of trade is satisfactory, though it has not
quite recovered yet from the check received by the monetary
stringency throughout the autumn and winter.
The wheat market remains quiet.
to the Societe des

Messrs. Pixley

&

Jerlin .»H'rankfort

Gold— A demand for gold for tho Continent li:i8 a/fain risen, and most
open nuuket arrivals have been taken for expoit to Paris and India.
The Ban. has received S104.000, and £.!05.000 haa been withdrawn
torParitt, Malta, India, Lisbon iind Holland. Arrivals; £30'J,000 from
Aiistralni, £132,(H)0 from River Plate, iB 17,000 from Natal; total,
«451,00ti. ehipments: To Gibraltar, i532,000 to Bombay, May 10.
;

«98,m)0; to Bombay, May 22, *98,160.
Silver -Probably with a view to making a bill for increased coinage
seem moderate by eontraat, the siiver party in the United 8tatea has

.

...

Samburg
1,

tnsi erdam .

.

SrusseU
Madrid

3
4
4

V^tenna
M,.

PetertburK

5M
8H

Oopenhaffen...

m
2«

4

3

6H
3H

5^

m,
3

2«
Z«
2«

2H

iH
3«

4

3
4
4
4

2H
2«
2^

3

4
4

3
4
4

3X
3

5^
3H

3«

3
4
4

SX
BH
3H

6ii

8H

3J<

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
£

£

£

24.681,015

24,348,245

24,225.005

24,632,270

6,214,056

10,408,511
25,151.357

6,433,602
23,807.012

4.964,893
28,110,313
16,429,836

i
PubliodepOBits

Other deposits

Government

26,618,369

securities

other securities......
Reserve
Coin and bullion

.'

15,605,651

16,015,066

21,277,172

22,387,69.1

17,065,147
19.267.009

13,886,330
22,120,346

15,081,161

11,789.920

14,888,008

23,232,396

19,811,925

23,608,178

Prop, assets to llabllltleB.per ct.
42>£
3
perct.
Bankrate
6-18
98
Consols
194,179,000
Cleartng-Houso returns

The following shows the imports
United

Kingdom during

compared with previous

1887.

1888.

1889.

ISQO.

Circulation

mt

S8X

42>i

18,6e5,»3»

i.

3

98 3.16
144,131,000

96,206,000

88.783,000

of cereal produce into the

the thirty-seven weeks of the season
seasons:
IMPORTS.

1889-90.
ewt. 37,662,261

Wheat

Indian
Flour

1888-89.

1887 88.

1886-87.

4.1,78.5,75.3

32.052,841

35,936,374
13,448,817
9.313,605
1,761.302
1.785,992
20.269.147
12.571,786

11,762,569 15,000.530 1.5,140,298
8,595,899 10,677,411 10,775,331
2,299,913
1.831,887
1,398,408
2,463,523
1,951,870
2,348,244
28,045,022 20,734,687 15.536,058
12,717,065 10,168,987 13,759,759

Barley

Oats
Peas
8eana

com

Supplies available for consumption (exclusive of stocks

September

on

1):

1886-87.
1887-88.
1889-90.
1888-89.
Importsofwheat.cwt.37.662.261 43,785,753 32,052,811 35.936,374
12,717,065 10,168.987 13,759,739 12,.571,786
Imports of floor
Sales of home-grown. 36,776,500 27,469,909 30.751,990 25 ,654,763

87,155,826 81,424,649 76,564,590
1837-88.
1889-90.
188f-89.
318. 8d.
29s. lid.
Aver, price wheat week.32s. 5d.
30s. 4d.
31s 2d.
Av. price wheat season. 30s. Id,
Total

74,162,933
1886-87.
Id.
8d.

34s.
32s.

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Thitt^iTit.
qrs. 2,415,000
Flonr, equal to qrs. 291,000
qrs. 644,000
Maize....

Wheat

Abell write as follows:

'

JjaJitwek.

2,366.000

267,000
6.56,000

1889.
1,332,500

242,000
252,500

1888.
2,139,500
262.000
373.000

Enellah Financial Karkets-Per Oa1>1s.
The daily closing quotations for securities, &.C., at London,
are reported by cable as follows for the week ending
June 6

Jdnb

7,

THE CHRONIOLR

U90.J

London
SIfver.peroz

d.
percta.

0onHol8,new 2\
do for account

Sat.

Mon.

Tite».

<t(i>in

46J,«

46'4

97i:>u.

9715,B

a8'i«

x98iw

Pr'ch rentM (In Paris) fr.
O. 8. 4>9a of 1891
D. 8. 4b of 1907
Canadlioi Paoitto
Cailo. Ml], A 8t.Paul....
nilQoU Central

(tO-»0

01 '50

U>5

105
125

120

120

Lake

116»fl

116

liiS

84^8

85ie

79%

81

Hlioro

94

Loulsvilioct Nashville..
Mexican Contnil 48

112%

29%
106 'a

"

and new

47 >4

07>>„

97''ifl

97^,.

9711,,

9711,.

97->„
07',«

9162*s 91-70
105
105
125
125
8514
84%
7P78
8038

97il„
92 07'«
105
125

9207

85 »«

116%

11H»8

120 '4
117

9338
7838

92''e

93%

113%

113>9

113%

80%

80

29%

29%

29%

lOfi'8

lOO's

6«%

106'9
6«79

6678

66%

86

86'>8

55>a

86IS
65'4

68%

68%

5*4

34 »B

23T8

67%

24%

24%

68 J4

68^8

34 >4

34>9

"2

8514
8OI4

8OI4

120

920s
77'8
11338
2938
106'8

V. B.

DtteHpUon of BoniU.

105
125

120

.>538

.'1

Ex-dlvldeiid

fri.

40%

80 "4
55 Hi
24

.

Onion Pacltlc
Wabash, Divf

Thurt.

120
116

921a
781*

78'4
N.Y. (^ratral & Hudson. 113
N.Y. Lake Krln & West'n 29^8
do.
2.1 onna
lOB's
Norfolk * Western, pref. >>1^
Northern PaolUc, pref
8B3»
Pennsylvania
53'8
Phllailelphia & Beading. 24ie

Wed.

46%

87

SSk
24%
69%

sm

34''8

Ktook.

National Banks.—The following national banks have

$0,081,000
4S.4tl,3S0
121,801,300

$29,693,000

$141,633,050

$174,326,6.50

us the following, showing the ainounts of national bank notes
together with
the
amounts outstamling June
1,
the increase or decrease daring the month ; also
1, and
the changes la legal tenders held for the redemption of bank
notes up to June 1:

yatUmat Bank Nout—

VMiouui oiusiaudlng May 1, 1890
issued during May
AiuooDt retired daring May

•189,442,473

Amount oatstanding June

1,

•794,120

1890*....,

•187,407,«91

Legal Tender Note*—
notes

May

redeem national bank

to

189U

1,

•60,521,55S

vmonot on deposit to redeem national bank
notes June 1, 1^90.
.^. ._...

,

Government Revenue and Expenditures, —Through

the
courtesy of the Secretary of the Treasury, we are enabled
60 place before our readers to-<lay the details of Qovernment receipts and disbursements for the month of May,
From previ>m returns we obtain the fli^res for previous
months, and in that manner complete the statement since
the beginning o! the fiscal years 1889-90 a-id 1858-89.

Om-

In««r'l

t

inly
Au^rust

t

1».006

fftepteraber,

October

November.
December..
January

MUc'U

81,518
17,779
18.786
18.815

OtU-

rnter'l

MUctt

Rtv'iK

Soxtrc't

«

(

t

I

io.8a«

1,981

81.886

19.498

IK. 899

2,S2l| 38.234;

11.448

2,189

21.968
13.984

11.817
11.1S9

15,M6 11.004
10.681

31.116

33.050
8.943, 30,717
2,681) 29.593
3,794 38.691
1,785 30.86n
2,847

t
2,023

31.805
34.823

10.26'.!

2,452

31,698

18.787

12.361

15.286
18.910
20.712

8,258

34.403

10,393
10,426

2,912
2,794

10,470

3,216

9,178

2,181

28,590
30,160
34.398
30,133
31,011
33,637
35,773

2,698

S1.778

ia.ss9

ia,508

l.Urf4

33,881

I».(i98

10,009
10,847

2,792

May

17,048

18,393

2.00*

.'!5.443

17,222

15,808

8.743

Total

10,115
11.282

18,S

.

months. 208.018 129.500 27.»19

11

364.5-17 207.333 119.939

1,884

88.362355.634

DISBUBSBXBNT8 (OOOS Omitted).
1889-90.

DrcU-

Prtl-

luxry.

Ordlnary.

P«»V-

In-

Pnm,

$itma.

UraU

*unu.

$
298 41,998

12.651

14.554

8,779

86,388

10.980

9.474

439

1,303

891
4.210
21.487

2,586

5,079

6,707

4,519

617

1,03<

In-

Prem-

t-ereat.

'l*m».

""$"
»

Jnly

8.277

Aiv

11,999

Sept....

13.431

Oct

15.480
11.620

15.248
20.039
201
4,694
10.776

Not
Dec

..

8.178

2.273

17,411

10.964

6.133

28,999
8,1651 85,335
2,693 25,821
2,08S 27,868
8J7 25,080

17,174

774

1.344

10.322

1^482

2.176

7.916

9.92b

13.680

518

March..

10,226

3.852

1.339

.

1

2.292

April...

13.958

9.615

5,881

2,09) 17,512
674! 29,908

M>y....

13.314

12,595

614

8U| 27,234

11 mo«. U5,<6t 108.178 84.610 20.0S2I3 8.124

»

t

J. 606

l5,eH0

.

~T~

6I3' 3,738

Jan
Feb

.

I

Total.

13,861

15'

12,486

78

2.149

2.185
20.815

8,286

888

512
651
853

1,473

1,(103

811

12,986|

13,589

11,917

410
ll.<

lotaL

t

15,433
11,331

6,578

i,8s;

605

471

36.141

22.196
19.530
38.810

S0.3V7
15.220
86.554
33,787
1H.«;2
22.4J8
24.448

142.W0al 87.098 :<9,S45 IT.OflU 28^.314

Bo.VDS Held by National Banks.— The following interesting stai/Oruent, furnished by the Comptroller of the Currency
•hows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
deposit tries on June 1.
gave the statement for

We

Miy 1 in Chronicle of
refer- ing to that the changes
seen.

.

.

^

—

DepotUt

by—

Feb. 1.

March

1.

«

•

April

May 3, page 613, and by
made during the month can be

June

Jfayl.

I.

1.

«

$
800.667

824,0.59
780.6fi5
345,328
.5,797,189 5,719,172 5,7-20,562, 5,093,394
Sed'o'g undr
act of '74.* 61,104,025 58,166,621 .'»5,813,75r>!54,045.597

52,033,171

67,746,542 64,710,155 62,334,98 t'C0,52 1.556

58,431,1«S

(nsolv't bks.
Uquld'g bks.

Total
*

76.5,156

5,632,838

Aot of June 20, 1874, and July 12. 1882.

Coinage by United States Mints.— The following states
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of May and the five mionths of 1890.
rite MonOu, 1890.

Maw.
Denomination.
Talue,

Piece*.

74,900

Oollars

Taiue.

Piece*.

S
415.660 8,913,200
57,000
570,000
30
100

1,498,0C0

80

75

-

74,900

1,498,000

502,710 9,483,375

2,900,000

2,900,000

16,588,265 16,588,265

296,600

29,00O|

3,190,000

2,929,000

t

2,154

March
Apnl

.

Utal.

3,090,391

«S8,431.16S
Ulnjulauou ut national gold baoks, not included above,' tl42,lb7.
According to the above, the amount of legal tenders on
deposit June 1 with the Treasurer of the United States to
eJeem national bank notes was f5S,43 1,163, The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the first
of each of the last five months

Bagtes
Half eagles
Three dollars
auarter eagles

9,553
10,632

18.768
19.171

E'ebruiiry

2,897,071

'

Doable eagles

tom».

7,^01.

iUv*iu Sources,

COTTM.

•603.680

Kay

»

KBCEIITS (0008 omitted).

2,034,781

2.828,901

000. W. W. Watwm, Prexidont; Frank H:iscinan, Caahicr.
4,318— The Central National Bank of Cleveland, Ohio. Capital, $H00,000. Geo. H. Ely, President; Jereuiiah J. Sullivan. Cashier.
4.310—The Tredegar National Bank of .Tacksonville, Ala. Capital,
$50,000. Peyton Rowan, President; Geo. P. Ide, Cashier.
4,320—The First National Bank of Rawlins, Wyomlnsc Ter. Capital,
President; John C. Davis, Cashier.
$75,000.
4,321— The American National Bank of Galveston, Texas. Capital,
$600,000. N. Weekes. President; Ed .McCarthy, Cashier.
4,322— The American National Bank of Austin. Texas. Capital, $100,000. Geo. W. Littlettold, President; Wm. R. Ilamby, Cashier.
4,323—The First National Bank of Boulder, Montana. Capital, $30,000. William B. Gafney, President; Ferdinand C. Berendes,
Cashier.
4.324— The First National Bank of Tekamah, Nebraska. Capital, $50,000. J. P. Latta. President; G. W. Green. Cashier.
4,323— The Forest City National Bank of Rockford, lU. Capital, $100,000. .John D. Waterman. President; Paul F. Schuster, Cashier.
4,326—The Linn Co. National Bank of Albany, Oregon. Capital, $ 100,000. James L. Cowan. President; George E. Chamljerlaiu,
Cashier.
4.327— The Second Nation il Bank of Chestertown. Md. Capital, $50,000.
James A. Pearce, President; W. B. Copper, Castuer.
4,328—The First National Banfc of East St. Louis, 111. Capital, SlOO,000. Paul W. Abt. President;
Ciwhler.
4,329— The First National Bank of Platte City, Mo. Capital, $30,000.
Elijah U. Norton, President; Archie R. Jack, Cashier.
,

ToUUBeU.

May

.iiuount dt'iwslted during May
Amount reissued & b'nk notes retlr'd In

Flirat

Seeur*—

94.806,000
39,539,350
100,287,800

National Bank of Llano, Texas. Capital, 950,000.
T. W. KellogK, President; W. 8. Dorland, Cashier.
4.317—The American Niittcmiil Hank of SaUna, Kansas. Capital, $100.-

4,316 -The

to

GBANQBS IN Legal Tenders and National Bank Notks to
June 1. —^The Comptroller of the Currency has furouhfld

Amount on deposit

:

1890,

$1,275,000
6,904,500
21,613,500

iwroents...,

Total

1,

Bank
MreulaHon.

OurrttDoy 6«..
t>« per cents.
I

Bond* Beld June

Public Deposit*
in Banks.

\mount

©ammerctat and misccUaiicaus %tmB
recently been organized

7»1

standard dollars....
Half dollars
Quarter dollars

1

Total silver

Five cenU
Oiree cents..........
Total minor

133
41,026

66

17,029,060 16,632,490

1,914,000

95,700;

7,684,865

384,243

3,8'80,6d6

'38300

21.899.265

218.993

5,794,000

134,500

29.584,130

603,236

9,058,900

Total coinage

265
265
440,265

4,561,500

47,115,900 28,719,101

Imports and Exports fob the Week.-The imports of
last week, compared with those of the preceding week, show
a decrease in dry goods and an increase iu general merchandiBe.
The total imports were «9,674.471, against $9,905,978 th«
preceding week and |11,665,566 two weeks previous. The
exports for the week ended June 3 amouutea to $4,938,081,
against $6,643,044 last week and $5,335,490 two weeks previous.
The foUoviring are the imports at New York for the week
ending (for dry goods) May 29 and for the week ending (for
general merchandise) May 30; also totals since the beginning
of the first week in January.
FOBEION IMPOSTS AT iTBW TOUC
For Week.

DryGoods
Gen'lmer'dtoe..
Total
Since Jan. 1.
jDry Goods
Gen'lmer'dise..

1887.
!

1888.

1890.

1889.

$1,922,300
7,753,171

$1,687,110
6,743,535

$1,507,048
6,322,800

$2,171,984
7,357,779

$8,430,645

$7,829,348

$10,029,763

$9,674,471

$53,485,907 $59,132,110
148,829,733 146,749,738

$61,709,278
154,590,979

$65,443,17$
158,806,873

Total 22 weeks. $200,315,640 $204,881.348 $316,306,257 $224,350,045

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 porta for tha
week ending Jime 3 and from January 1 to date
:

THE CHRONICLE.

792
BZPOBTS FBOM

For the week...
JPrev. reported

NEW YORK FOB THB WEEK.

New York City Bank Statement

1887.

1888.

1889.

1890.

$5,764,222
121,522,427

$5,162,314
120,534,797

$5,441,488
141,002,510

$4,938,081
139,263.393

31. 1B80. is as follows.

Tot&l, 22 weeks $127,296,649 $125,697,111 $146,443,093 $144,201,474

shows the exports and imports of specie
at the port of New York for the week ending May 81 and
since January 1, 1890, and for the corresponding periods in
1889 and 1888:
BXPOFTg AND DIFOBTS OF 8PBCIB AT HEW TOBK.
"The following table

Exports.

Imports,

Geld.

Week,

Great Britain
France

Week,

Since Jan. 1.

Since Jan,

2,505,288
890,066
136,097
8,142
80.877

Germany
West Indies
Mexico

16,937

$350

1,852,442
1,600
1,078,356
38,190

7,380
13,822

$3,043,251
22.764,173
11,868,777

$21,552
15,756
15,675

South America
All other countries.

1

$156,970

$67,663
5,000

$8,803

VOU

299,420

$25,740
3,426,193
23,650

$4,076,869
3,240,079
4.124,788

Importi,

Supports,

Silver

Bank of

CapUaL SurpUu.
t

New York...

2,000,0
2,060,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
800,0
600,0
1,000,0
300,0
200,0
200,0
600,0
300,0
1,200,0
6,000,0
5,000,0
1.000,0
1,000,0
422,7
1,600,0

vfiuihattan Co
If erchants'. .........
tfeohanios*

America

,

?henlx.
tnty

Tradesmen's
Ohemlcal

,

tferchants' Exch'nge
aallatin National....
Batchers' & Drovers'
SCechanlcs'
Traders

A

ijreenwich
Leather Mannfact'rs

Seventh National
Jtateol New York...
American Exchange..
CJommerce

Broadway
Mercantile.
Paoiflo

Since Jan,

Great Britain
France ,

Week,

1.

$8,407,981
22,000

.

Germany
West Indies
MpTficn

1,351

"$io

336,810

10,552
3.S9 99.5

"8',771

All other countries..

101.617
298,344

43,629

Total 1890
Total 1889
Total 1888
_

Since Jan,l,

$1,110,218

37,538
22,612
168,063

Bouth America

$8,658,194
8,674,345
5,198,516

$68i',466

237,466

— The attention of investors

city,

town and county,

is

offered

$62,962
26,121
22,916

$2,380,308
734.002
877,136

called to the " new loans,"
by Messrs. Farson, Leach

&

Co., in to-day's Chronicle.

—

Messrs. Williams, Black & Co. have retired from the cotton business in this city, and have been succeeded by Messrs.
Fatman & Schwarz, two gentlemen well known to the trade.
Waliash. Surveys are being made for an extension of the
Detroit branch to Chicago. The road now terminates at
Birtler, Ind., 114 miles from Detroit, and it is proposed to
build a line from some point near Butler to Chicago, a distance of about 150 to 160 miles. It is estimated that the new
road can be built at a cost not to exceed §20,000 a mile, and it
will give a short line betwean Detroit and Chicago.

—

Auction Sales.— The following were recently
by Messrs. Adrian H. Muller & Son

EE.Co
244
62 Am. Exchange Nat.Bank.l63>e

10 Hamilton Bk.ot B'klyn..l25
1800 Shepang Litch.& North.
KR.Co., trust cert. $15pcrsh.
1 N.Y. Law Institute
$126
925 B'klyuCity RE.Co.l6Gi2-166»8
1 Clinton Hall AsBOclation. 52
30 Importers & Traders Nat.

Bank

549-549>i!

40 Nat. Citizens Bank
177
200 Merchants' Nat. Bank
163>4
150 Bank of America
21712
510 Mathey Cement Co..$l persh.
a02 Standard Oil Trust
170ia
90 Syr. Bing. N.y.EK.Co..l40
41
HI. 8. Fire Ins. Co
178
<fe

3 Albany* Susq.ER. Co...l68>3

10 Commonwealth

Ins. Co..

80

90 N.Y. Mutual Gas
5 Bowery Bank

L't Co. 11

IS's Mechanics'

Traders'

&

.

312

Bank, $25 each
287i9
80 H. B. Claflin & Co. common stock 20% paid)... 113
25 Clark Mile End Spool Cotton Co!
II212
7 U. 8. Fire Insurance Co.. 169
17N. J. Zinc&Iron Co
117
10 Importers' & Traders'Nat.
Bank
545
50 Madison Sou are Bank
100%
Bonds'
$1,000 2d Are. ER. 58, I909.IO312
$1,000 Sd Ave. RR. 5e. 1937.110ia
$1,000 B'klyu&MontaukEE
IstM. 58, 1911
102%
$1,000 Bait. & Ohio ER. 4s,
96I2
Extended, 1935
$6,000 City of Atlanta,Ga.,88,
1

1892. J.

&J

.108

$4.5jOOO Lack.

& Southwest'rn

. .

,

(all

dues paid)

. .

200 Lehigh Zinc & Iron Co.

.$830

of

$3,500 H.B.Claflln& Co. inter-

im cert. ,com.l 8t & 2d Ins.pd. 1 15

129% $1,000 Arkansas.

Philadelphia

11 Norfolk & New Brunsw'k
Hosiery Co
70
30 Amer. Loan & Ti-ust Co. 115
10 B'klyn City & Newt'n RR. 70
.

Ask
216

in
163

Asbnry Park
Bowery
305
Broadway...
:so
Central.
141
Chase...'
275
Chatham
350
CheiUcal
480C
City,
d05
CltiMDR'
170
Columbia
230
CoiDRnerce... 211
Oommerctal.. It'O
Continental 143

'<

80
310
ilO

Bat«hs'(fciit*.

Corn Exch... •^bU
Xaal River. 170

11th Ward... 160
liOO
276

Fifth At*...
Fifth
»ir«»..
Flr«t*f
I.

2000

a 1!2
14th Street.. 165
F*mTth
,

UANikS.
=»»llatin

Garticld

German Am.
German £x.
Oenuaula
Greenwich..

147

Hanover

Hud

River..
<te Trad's'
Irving.

Im.

5000
920

Leather M(H'
Lincoln
Ma^liflon Sq..

215
112

Manhattan...
MarketA Pul
Mechauics'..
M'cU«'jiTr«'.
Mercantile...

Mercbauts'..
Merch'ts Ex.
Metropolitan
MetrupoUa...
Mt. Morris ..
Murray HiU.

1900,

78,

April, 1874,

coupons on ....$46
,$100,000TaosVal.Co.lst8 Uio ^nn
$42,500
45,000Tao8Val.Co....

Bank Stock List— Latest
Am, £xch...

Hanover
fving

Bid.

Sass^n
Market

1,000,0
600,0
600,0
600.0
750,0
600,0
600,0
1,000,0
1,000,0
300,0
1,500,0
2,000,0

A

Fnlton
it. Nicholas
ihoe <fc Leather
Oorn Exchange
C%BtinentaL
Oriental
Importers' <fe Traders'

Park
North River
F-aat River
Fourth Nations!

week
BANKS.

j

240,0
250,0
3,200,0
2,000,0

. ....

Central Natioral

Secoad Nitionfcl. .....
Ninth National. .

300,0
750,0
600,0

first National

Third Mational

1,000,0
300,0

Exchangb
Bowery
:^ew York County.,,.,

S. Y. Nat'l

250,0
200,C
750,0

lerman. American....
Jhase National... .cfifth

Avenue

600,C
100,0
200,0
200,0
600,0
300,0
200,0
160,0
300,0
200,0
600.0
200,0
3,600,0

...

German Exchange...
Jermanla
Tnited states

Uncoln
Jarfleld
fifth National
Sank of the Metrop..

West Side
So*botiri^

Sixth National
Western National
First National,B'klyD

eases.

300,0l

Capxtat

May
••

"
"
"

Specie.

9

~»

1,729.9
1,370,3

10,970,0
8.911,0

P22,4
1,878,6

7.4 '8,7

1,880.8

640,9
2,309.13

59,3
6,166,0
134,7
1,489.9
294,6
2'.i9,l

127,5
672,0
78,4
425,4
1,!;04,3

8,376,7
1,878,9
883,4
377,4
969,5
653,0
278,2

613,3
1,418 2
2g6'5
410'!,

206'6

7302
110 7

2«25

1,1240
•28S e

3731
4,802,5
2,373 4
114 7
131

1,7C05
578 1
289 6
332 2
S.2;2 4
317,9

1403
462.4
428,3
232,8
829,9
7B9,5
473,3
414,0
616,0
287,9
327,3
284,1
631,7
243,2
161.2
373,7
188,8
736,4

8,108.0
10.750.5
4.908,0
8.975,3
1,770,1
21,9118,6

3,621.1
6,227,1
2,017,5
2,682,0
1.243,2
2.896,3
1,383.0
3.7c 1.9
16,257,0
18.850.U
5,313,8
7,492,3
2,870,5
10,o07,«
6,^<27.2
2.165.SI

4.731.6
13,239,6
2,938.0
2.653.7
2,855,9
4,056,3
1,972,9
2,779.0
6,433.2
4,353,6
2,115,0
20,240,5
19,642,8
2,133.3
1 219,7
16,613,7
7.466,0
4 212,0
4 835,2
22,080,9

6303,6
1 448,7
2,648,0
2 831.3
2.729,1
8,749,0
4 568,2
3!032,2

2586,8
4 457,4
2 991,0
3!389.4
1,S41,5
4,617.8
2,304,0
3,2o0.0
1,350,6
10.077,0
4,046,0

LegaU,

2,340,0
1,611.0
l,d«0.0
920,0
2.211.1
1,130.0
3,227,5
406,6
6,878,8
685,9
813,2

1,216,5

431.9
69,5
601.0
165.2
231,8

li>3.7

333,9
306,1

34,9

33,5.6

221.8
844,0

2,676,0
2.039,5
800.2
1,114,7
304.8

2,016,6

264,8
8S4.9
323,6
637,1
634,8
185,9
441.4
478,0
168,9

2,;9B,tf

1,141.2

358,3
557,8
3,680,9
618.6

143,6
273,3
268,1

668,6
291,0
936,1
119,0
531.0
852,8
409.6

"

"

1,826,5
3,395.0
6,516,7
4,809,8
2,040,1
20.883.7
22,926,7
'128,6
2,302,8
122,6
1,098,2
1 505,1
16,536,2
'510,0
8,167,0
101,0
6,101.0
336,7
6.322,2
763,9 20,896,9
838,9
6,6S2,5
56,8
1,345,7
166,0
2,654,0
128,5
3,179,5
108,1
2,532,9
9.')2,0
11,622,7
140,3
4,876,4
62!*, 1
3,525,8
316,8
2.983,3
62,2
6,035,8
259,3
8,131,8
292,4
3,897,8
216,9
2,048,3
303,3
6,503,9
196,0
2,391,0
G93.0
4,119,0
160,0|
1,170,0
756,61
8,740,1
162,61
3,977,0

18'-'.6

153,1
178,0
3,147,1
1 635,0

211,0
241,5

4 116.3

872,2
286,5
512,0
610.0
431,4
2 274,2
1'

166,3
'181,1

177,6
978.2
408,1
700,8
369,2
1,085,8
406,0

486,0
1U4,B
1,606,8
764,4

Loaru.

Specie,

Lrnals, \Devoaiti,^\:'iri:'i.'n CUarinos.

$

$

$

399,772,4 77,940,3 26,703, 8!406,06] 5 3.679,5
402,l!i6.3 75,900,9, 27.23i, 4 406,693 ,3 3.727.7
400,833.5 75,581,7 28,068, 4,406,548, ,»'3,757,5
24.. 119,527, ,0j39i>,7o3.0 75,930,7; 29.130, 406.3.17 6 3,731,3
31..., 121,009, 1 397,139,8 T6,666,6 30,316,
106,084, 7|3,741,9
64,635,
64,685,
64,685,

156,754,7 10.796,2
157,105,6 10.877,3
158,489,6 10,272,2

4,721,(
4,847,1
4,260,'

137,784,
138,618,
136,li77,

Phlln.-

May

17,..,

••

'24...,

"

31...,

4,434,1.

250.0
726,5
258.7
1 414,3
2'356,0

3294,6

3... 119.527
10..., 119,627,
17..., 119,527,

17...,
24...,
31...,

8,760,0
7,511,0
6.427,0
10,408,1
4,650,0
10.317.8
1.354,4
26,234,2
4,122,8
4,415,8
1,966,3
8,201,0
1.292,3
2,323,4
1,101,1
2,833,0
13,442,0
13,689,0
4.027.7
7.776.3
3,180,2
11,208,6
6,098,9
3.004,6
4,886,0
14,104,8
2,983.0
2,958,S
3,435,0

.323,0

Boston.*

May

I0.,'i00,0

H7,l

4.474.7

1

«

630,0
702.0
398.6
753,0
439,0
143.0
899.0
137.4

412.7
133,0

1

Deposits.

*

dCi

SurKhM.

York.

K.

Loans.

<

160,812.7 60,196,4 397.138.8 75,866.6 30.316,7,405,084,7

,

BAltKB.

17 Pennsylvania Coal Co
296»2
EE.Co, lst5s,1929, J.iJ.lO-25
10 Lawyers' Title Ins. Co. .157
$1,000 City of N.Y. 7s, Dock,
2950 Cameron C. & I. Co.... li^ 3I3
reg., 1901, M.&N
135 & Int.
20 Cent. Trust Co. 1 .35712-1,366
$4,000 County of N. Y. 6s,
1 Memb'rehipN.Y. Produce
1901, J.&J
130&int.

morlcft

^orth America.

sold at auction

Shares,

Central Trust Co .135712-1366
East Side Bank
llOia
23d Street Ey. Co.. .270-273
42d 8t.& Grand St. Ferry

Exch.

460,0
200,0
700,0

Peoples'

Total

:

Shares,

20
10
70
60

Chatham

Oiti ions'

Weel:

week ending May

We omittwo ciphers (00) in all

Banks.
(00< omitttd.)

Btepnijlio

Total 1890.
Total 1889.
Total 1888.

for the

L.

35,793,7
35,793,7
35.793,7

25,624,0
26,134.0
27,083,0

95.691,0
96.013,0
66,068,0

• We omit two ciphers
in all these ftoures,
de.phla, the item "due toother banjcs."

't

889,845,3
824,395.6
933,693,9
833,927,5
678,910,3

2,906.9 125.696,9
2,899.3 117,579,5
3,008,8 88,342,5

95,358,0 2,131,0
95,977,0 'J,)26,0
98,646,0 2,133,0

77,577,1
76,087,9
60,738,3

InclnOlng, for Boston and Phlla

City Kailroad Securities— Brokers' Quotations.
Dry Dock E. B'y & B.Gen M., 03, 1908...A&O
Scnp8»
FAA 103
Bl'caerMt. a, j-u1. k -utk. 26
28
EtKhth Av.— Stock
180

Atlantic Av., B'klvn,St'k.

1

Ist mort., 78., 1901'. ,J&J 114
Jt 7thAv.--l5t'a..' -.220
1st mort., 68, 1904 .J*U 105
2d mort ,68, 1914...J&JI 105

Br'dway

B'way l8t, 68, ku
'^i 106
2nd 68, iut, as ntut,, '05. 93
Brooklyn City— Stock
163
inmort., 68, 1902 .J&J 105

B'ltljntrojft'o 6e., Ib08 108
Ceuti'ai L'roastown— oi,'k. 160
Ist mort., 68,l»22.MctN 119

Coat. Pk.N.&K.lliv.— Slk.
Consols. 78, 1902 ...J&D
cairist'ph'r&10thSt.-atk.
Ist M., 7p, 1898
.\itO
Dry Dk.E.B.* Bat'y— Htk.
Isl mort., 78, 1893.. J*U

122
117
160
110
138
105

116
225
107
lOH
108
96
165
106
110
122"

125
1'20

160
113
140
107

EigbthAv.— Scrip,68,1914 105
& Gr'nd St. i"ry— Stk. 235

420

Ist mort., 78, 1893.

A&O

42dSt. Manh.& St.N.Ave.
Ist moit., 63, 1010..MLtS
JitJ
2d .M,, income, 68
Houst.W.st.t)ti'.*''y— wtK.
Ist mort., 7s, 1894. J* J

Niutb Ave
Second Ave.— Stock

108
43
113
57
200
109
105
I(r8

let morl., 5a, 1910. MAN J05
Sixth Ave.— Stock
20U
Istmort., 78, lt90..J&J 105
'260
ThiHl Ave.— Slock.
lat jr., 5s, 1937
J&J 109
Twenty-third St.—StocK..
Ist mort, 78, 189(3
106

1C9
245
'45"
115
60
110
112
110
107

106
260
110

ami

prices th is
Ask.

Bid.

Ask

New York...

SOS
400

240 262
N.Y. CoHuty. 500
121
N.Y.Nat.Ex. .3K
270
Ninth
ICll
•i7l)
N. America.. 65
160
North River. 60
344 355
Orieutal
22U
160
Pacitic
180
645 610
Park
301
307
190
People's ...
250
262 sis' Pheutx....
140 145
20U
Pioduce Ex 110 115
100 110
Republic
191)
200
192 134
Seaboard -•I 15h
227
Second
3'i6
218 225 iSeventh
132
26U
jUhoedkLeatb. lei
218 225 1st. Nicholas. 128
lt>3
165
State of N.Y. 11 21^ 115
12^ 128
Third
112
ll«
10i4 lUHi [Tradesmen's. 110
111
350
jUnit'd.Slates 2U0
300
Western
l<i7"» 108
350
West Side.. 200
170
,

Spencek Tkask &

Co.,

BANKEaS.
Nos. 16 and 18 Broad Street, Nenr Yorli City.
ALBANY, N. Y,: SARATOGA. N. Y: PKOVIDE.VCH, U. I.:
GK.'VEK.^L BANKING BUSINUSS.

TRANSACT A

All classes of Securities Bought and Sold on Coiumteaion, Special
atteotiou given to Investment Securities. Direct wue to each olUoe
aud to Philadelphia. Boston and Chicago.

I

SPECIAL. KOTICfS.
CF'COUNTV BONDS— $54,000 6 PBR CE>T HARDIN
Co'auty, Olilo road improvement and ditch bonds, running from 1 to 4
years; assessed valuation, $11,374,330; total debt, $253,500; population 35,000; legal iuvcstmeut for Maine savings banks.
Offered by

the EQUirxBLE

card on

first

Mohtgage Company, 2O8 Broadway, New York. See

page of Chronicle.

June

THE CHRONICLR

7, 1880. J

She

The following were the rates of domestic exchange on Ne»r
York at the under-mentioned cities to-day: Savannah, buying
Yg^K premium; New Orleans, commercial, 25c.
premium; bank, ft premium; Charleston, buying par, selling
MfoiK premium; St. Louis, .'i0c.^7.'5c. per $1,000 premium;
Chicago, par(32.5c. per $1,000 premium.

gawliers' da^jette.

par, selling

DIVIDENDSt
The following dlvWendB hare recently heen announced
Per

Name of Company.

Cent,

Railroad*

!

j

When

Book! Oloied,

Payable.

{Days tnelUMive.)

—

United States Bondtl. Governments are firm, and quotasome i.ssues have advanced slightly. Salen to the
Treasury this week were $1,170,300, of which $404.fX)0 were
fours.
On Thursday the Secretary increased the price paid
tions of

I

Albany & Siii>qii(;liauna
Bonton & Lowell

3H

July
Ijuly

1
1

Judo 15
June

to July 1
to June 14

for the 41^3 to 108.
The statement for this

3
& Nortliwestorn
Js^ I jJune 26 June 1 1 to June 2(i
Do
pref. (quar.).
July
5 Juno 22 to
Norwich & Worcester
4
4
iJuly
1 June 15 to July
Kensselaer & Baratoga
1
WALL STREET. FRIDAY, JUNE 0, 1890-9 P. M
The Money Market nnd Financial Sitnation.—At the

Cbloago

.

,

Stock Exchange there lias been a decided recovery in tone, and
our diagnosis of the trouble last week as a temporary and
spasmodic weakness has proved substantially correct. There
has been nothing essentially new to change the current of
affairs, and the next thing of importance touching railroad
traffic will be the outturn of the crops now maturing; already
they are preparing for wheat harvest in the Southwest.
There has been a perceptible strengthening in bonds lately
on a moderate investment business, and the bonds paying interest in July are really about 2@3 per cent cheaper than their
prices appear on the Board list, which fact should be remembered by purcnnsers.
In looking over the whole field of railroad territory the
g;ncia situation now seems to be remarkably peaceful. It is
not alone that rates have been restored, but the railroad magnates seem to be inclined towards harmony in all quarters.
This week we have Mr. Adams proclaiming his friendly
disposition towards Southern Pacific; last week we had Mr.
Gould's warm congratulations to the Atchison managers, and
all around the sentiments appear to be of the most peaceful
character. This is a great change from anything that has
been known in several years past, as the present feeling is
rather a natural growth and development after the "wars"
and consolidations that have taken place, and is quite different from those forced agreements that were more or less distrusted from the hour they were made.
The money or silver question remains to be settled, and if
this is so adjusted as to give an increase of currency, without
any violent measures that will alarm capitalists, the effect
should certainly be in favor of a strong stock market.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 4 to 12 per cent,
with .5 per cent as a fair average. Prime commercial paper
is quoted at 51^(36 p. c.
The Bank of England weekly statement on Thursday showed
a loss in specie of £165,000, and the percentage of reserve to
liabUities was 43 '67, against 41-94 last week; the discount rate
remains unchanged at 3 per cent. The Bank of France gained
3,82.5,000 francs in gold and 4,000,000 francs in silver.
The New York Clearing House banks in their statement of
May 81 showed an increase in the surplus reserve of $1,440,825,

the total surplus being §1,912, 135, against $3,471,300 the previous week.
1890.

May

31.

i

I

Differen'sfrom
Prev. week.

1889.

June

1888.
Jttne

1.

2.

$
Capita!

00,812, 700,

Surplu.<!

Loans and

....

«o,i9r), 400!
....
diac'ta 397,139, 800 Dec. 2, 613,800

Circulation
Net deposits
Bpecle
Legal tenders...

Reserve held
liegal reserve .

.

3,741, 900 luc

60,762 ,700
54,801 ,800

60,.762,700
50,,381,.'")00

411,757 ,800 363,,528.20*^

7,600
3,979 ,700
7,,51il,'3()6
405,084, 700 Dec. 1, 272,900 442,743 000 391,,227,101)
75.866, 600 Dec.
61,100 80,403 ,600 8H,,43().30(l
30,316, 700Ino.l, 186,700 44,887: ,800 37, 092,100
106,183 SOo'lnc.l, 122,600 125,291, ,400 123, 522,400
,101,271, 175 Deo. 318,225 110,685, ,750, 97,,8U6.775
.

I

!

;

Surplus reserve.!

4,912,125'lnc. 1,440,825

14.605,650; 25.715,625

—

Foreign Excliauge. Dulness early in the week was succeeded later by more activity and strength, owing toascarcity
of both bankers' and commercial bills; to-day, however, the
market h-w been dull again, though firm. Posted rates are
4 85-a4 85)^ and 4 87ite4 87'^ and actual rates are: Bankers'
60 days' sterling, 4 84i^ a 4 843^; demand, 4 881^(34 80J^; cables,

4

86%@4

The posted

87.

exchange are

rates of leading bankers for foreign

as follows
,7unej6.

793

Demand.

Siity Days.

Prime banteers' sterling bills on London. 4 85 •3)4 85'a 4 87 9>4 STJa
4 83i2<»4 83:H
Prime cominerciaV
4 83>4*4 8313
Documentary commercial
Paris (francs)
5 18?i®5 18>e5 \<K-'»*r, I6I4
Amsterdam (guilders)
40'iea40>4
4038»40'ig
asigago^
95 aos^
Frankfort or Bremen (reicbinarks)
,

I

Hi Per CenU

week

as follows

is

Sue 1801.

4 Per Cents Sue 1907.

Oftrintt. Pureh'a. Prieet paid.

tatnrdar ..
Monday....

ti2.vno

tl2.f00

Tnudar...
Wedn'sday

'

Total.

.

.

780.000
8.000

»rr.<,20(

Interest

ifay

reriode

31.

.
.

cur'oy,'95
cur'cy,'96
our'c.v.'97

.reg. J.
..rog.'J.
..reg. J.

cur'cj,'98
cur'jy,'93

reg.ij.
reg. J.

I

i

xI(W«-10.1

i
&
&
Jr
&

in

B.tOO
11.9<'0

W1.i.'/0

81. 700

81.700

lat

f 01.000

us

Board have been as follows
June

;

June

June

June

June

3.

4.

5.

6.

102% • 102% •102>9 102«8 ioe%
»02% * 102%*102i<> •I 02 Hi 1(<2%

•102:<8
•lO.Sia
1

I

122
122

121
122

;•
|«

121 *121
122»8 122
•llSHi
'116
*118
•121

I

I

J. •^13>s II313 " 113
*113'a
*116
J, *»16
116 -ixa
J. •»18«?*118
1I8»4*118
J, i'jtSil
1*121
121 *121
J, 1**24
1*12313 123»a*123'3

This Is tbe price bid at the morolng board

Coins.

IM

82.20I/

tlOt.OOO

2.

'x21
•122

nitM wt*-

|<8.3S«

11.300
2:o.j50

103
103

prices at the N. Y.

1891. .. .,.reg. i.-Mch.
1891.,. coup. .i.-.Wch.
..rcg. (^.-Jan
4s, 1907
.coup
v..y. y.-Jan
48,1907
4ias,
4i2«.

*

tSSJiSO
sa.tco
6.^on

JllOil«

75".000
8.000

t^•^7i,^^ou

The closing

6s,
68,
6s,
63,
6s,

Oferinte. PurcA'M.

8,000

Thnraday..
Friday

:

:

no

eate

12118

122
113

.

I

•lie's
•II8H1

121

*123«3; *123>a

was made.

—Following are quotations in gold for various coins

Sovereigns
Napoleons

$4 Si
3

1-8

X X Reicbmarks. 4 75
25 Pesetas
4 80
Span. Doubloons. 15 60
Mex. Doubloons. 15 55
par
Fine gold bars.

a$4 92

«
«
a

3 92
4 80
4 85
'3'15 75
®15 70
®3ieprem.

10ti4»

Fine sliver bars
Five francs

— 9i
Mexican dollars.. —80
Do uncomiuero*l — 79
— 75
Peruvian sols
English silver ... 4 8tf
U.S. trade dollars — 79

:

1 05>3

—

a

a —
« —
» —
9 4

9619

82
8013

88

»
State bonds sold thi^week

State and Railroad Bonds.— Tlie
were 85,000 La. con. 43 at 94; $5,000 Ala. class "A" at 107?^;
$25,000 Tenn. sett. 3s at 75)^; $60,000 Ga. 73, gold, at lOl^-J^;
$25,000 So. Car. 5s, Brown con., at 104, and $5,000 non-fund.
68 at 41^.

Railroad bonds have been in more demand as the week progressed, at generally advancing figures. M. K.
T. new 4s,
interim certs, (wliich draw interest from June 1), and, to a less
extent, St. L. Ark.
Tex. new 4s (when issued) have been the
most important bonds in point of transactions the former have
risen to SIJ^^ and the latter to 78}^, against 80 and 75^ last
week. Other bonds more or less active were Atchison, At.
Pac. and Tex.
Pac. incomes, Laclede Gas Ists, Oleve.
Can.
Ists— advancing to 95i^, R.
W. P. Ter. collateral tr. 5s,
Den. City Ists, Phil.
Ft. W.
Read, general 43, Shen.
Valley tr. rects., Rio Gr. 'West Ista and San Ant.
Ar.
Some of the Atchison and M. K. T. buying was
Pass Ists.

&

&

;

&

&

&

&

&

&

&

&

on London account.
Railroad and Miscellaneons

Stocki".

—The

unsettled con-

dition of last week caused by the breaks in the so called
industrial stocks was felt in the early part of this week,
but a bullish temper later became apparent, and fully three
quarters of the general list close higlier than a week ago.
There are several reasons for this better feeling large
earnings, the harmony among Western passenger agents,
easy money, CDUtinued buying of stocks and lx>nds by the foreigners, and the possibility of the early passage of a silver bill.
Northwestern was strong on the declaration of the usual dividends and a statement showing a large surplus for the year. Tbe
Vanderbilts have been very strong, and among the London
favorites. Chicago Gas has continuecl the activity of last week,
and on the appointment of the receiver sold down to 47 J-4 when
the details of the Court's order became understood, however,
the stock became much stronger and closes to-day at 53, some of
the buying being reported as for Chicago houses. Mexican Central also has been very active, and reached 311^ Wednesday,
closing to-day at 30 (against 28 last week), on the negotiations by which the company will receive cash from the Mexican Government in Ueu of the subsidy. On Wednesday a
raid on R' ck Island broke the price to 93i^, but afterward a

—

;

recovery ensued, the annual report being more favorably interpreted, and the closing price to-day was at 95.
A canard on Tuesday to the effect that the New York Court
of Appeals had decided adversely to the Sugar Trust lowered
the price of the stock to 67. On the falsity of the statement
becoming known, an advance set in, the stock touching 84 toj
day, then reacting and closing at 77J^. Other industrial stocks
are only moderately active, with some advance in prices.
Lead closed at 22; Pipe Lines at 86 J^.
Silver bullion certs, have been largely dealt in, and at advancing figures, in consequence of Congressional action
regarding the silver bill. The sales were as ioUows: Satitrday, $60,000 at 101?^; Mondav, $220,000 at lOlJ-^ *103i.^; Tuesday, $31)0,000 at 103i.;fdl03i^; Wednesday, $93 000 at 103®
103>^; Thursday, $375,000 at 1033^ a 104)^; Friday, $19j,00O,
at I04'i(al04;^; total, $1,305,000 at 101^(Sl04;^.

THE (;HkOKlCLii

794
SIVC'KS— PKICES AT
STOCKS.

Saturday,

47^8

AfPhiaoiiTop. .tBautaFc...
Atlantic & Pacific
Central of New Jersey
Central Paoiflo
Chesapcalte &0.— Vot.Tr.cert.
Du
do Istpref..
Do
do 2d pref
Chicafto A Alton
CLio. & Atl. Bonef. Ti-. Bee.
Cliicago Buriinston & CJiiincy.

24
64
'4212

. .

132

fi

Eastern lUiuolB...

Do

84

pref...

Obioaeo

&

Do

Mm. &

Paul

76%

1471314719' '145
9514
'18

9513
i-Ba

•471a

50
36
99

*3ois

Ova.
pref.

Do

*84

84

pref.

pref
St.

1314

1338

r

"77%
77%

Cl*ire. Cincln. Clilo. 4St. L...
pref.
Do
Col umbus Hocking Val.&Tol.

101
21is
241s

94%
•16

76i2
100i«
-24ia

78is
781s

101
2458
24!%

Do

54^

pref

& Ga

Do
Do

1st pref.
2d pref.

EvansTille&Terre Haute....
Great Northern, pref

10%

2ti'4

SCa

26I4

*115

*10

pref.

184

Do

664

pref

Lake Shore & Mich Southern

112%

Long Island

'gi^a
89ii

.

Louisville A Nashville
Louis. New Alb. AChieago...
Manhatlan Elevated, conso!..

40

.

pref. '113

& St.

*17ie

pref.

6%

7%

*6%

Louis

17

19

.

HlohmondAWeatP't Terminal
pref.

Wo Grande Western

33

'2312
'65

241a

3618

36^8

24%
64%
354
83%
24%

66

201a 22

20

484 49

105
49

78i4

100%
25
I7OI4

9'8

80

264
124

115

93

96
112

112

7%

•17

4878
8I3

334
24%
64%
364
84%
24%
22
49

46%

4712
38I2

38

39

24
84

t22»8

23^8

84

814

47% 48%
21
214
46% 47%

22

23

St. Louis Alton
T.
, pref.
Br. L. Ark.
Tex., trust rec..

125

Do
Do

•125

Istpref.

•

A Duluth, com
pref.
Bt. Paul Minn. A Manitoba
Bouthern Pacific Co
Texas A Pacific
Tol. Ann Arbor A N. M
Union Paoitic
Union Pacific Denver A (iuli
Bt.

13
3512

64% 654

pref.

-

Paul

36

Do

Wheeling

A

Lake Erie
do
pret
Co
ntscellaneons Stocks.
Amer. Cot. Oil Trust receipts.
Chicago Gas Co
Citliieiis' Gas Co., of Brooklyn

Do

.

Colorado Coal

A

Do

^xas A

Land

•68

49

33
•23

65

•20

65

364
844
34%
214

24%
21"

105

105
49

45% 47%
384 384 38
21% 23% 23%
84
84% 84%

20

23

'.'

pref
Trust..
.

.

-17

19

*22
S5

32%
113%

16,613|
2,-200

36%

6001 30
4.346! 22%
3,912| s-*
6,650' 37%

24%|

654
45
135
14

1890.

30% May 15
9% May 15
May 26

19' 83%
Feb. 371 61

June «
4'l28%May 14
36% May 17
Feb. 24 27% Jan. 2
Mar. 1 66% May 7
Feb. 21 45% Jan. 9
Feb.

Mar. 27

5,312,

107%
404
87%

8,745

124

125 May 8
Fob 19 84% June 5

30j 96

85

Jan. 1

3,515

71
431 114
6

30%

96
115

18
'103

104

7%

400
235

116
135
14

•22

34
24

367e

1054
49
32

47%
40

33%
84%
I

'84
•20

50
123
14

66

66
101

35%
224
39%
66%

36%'

32%
39%
67%

37

37

31

3X

31

300
6%
510 27
500 19%
616 59%
16,160 30

34

377t

84

85
33

•21
51

5-2

127

125

14% 14%

31

113

66%

3,570

113% 11241124

1

21% 22%

62
45

53
45

23

22

22

S.'i4

847fi

S.5

21% "22""j
84% «5%'

*T)W)8eac«tbci>ri«MUduidMk«d; bo ul« made at tk« Board.

June 6

3il04
8I117

Jan. 23
Jan. 33

7
3

May
May

8

20

.;an.

16

400 110

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

3

9
18% June 3
794 May 10
18% May 20
105
Apr. 22
111 June 3

23
11
7
6
19

24 184 Jan. 27
7 75 May 5

42% May
29% May
66% May
524 May
265 May
22% May
9 May
34% May
2478 May
66% May
3878 May

21

12
31
7
10
11
25
27
28
14
13
19
11

96

5
19
23
16
19

20
10
12
6

20
21

May 19

25% June 6

17l

24

11

108%

28

56

June 6
Apr. 24
Jan. 2

51% May -27
24 May 3
13 48% May 19
8

17

41

21
21
18

12
21
21
10
14
17

71304Mayl3
1478 May
36% May

6;

11

9
15

27 67 May 15
ll'l05%M.ay 15
18i 38% May 26
18 97 May 26
12 115 Jan. 9

39% Mar. 5' 374 Apr. 22
19% Apr. 12; 24% May 20
30% Jan. 4 41% June 6
47,-263 61% Apr.
7 6878 Jan. 28
68
36
36
1,860 36 June 6 38% May 8
14
230 12 Feb. 25 15 May 12
13
29% 29% 6,037 25 Apr 11 31% May 14
404 41% 17,535 304 Jan. 11 42% May 19
78% 7878 6,416 67 Feb. 24 79% May 20
314 31% 5,280 28 Feb. 17] 36% Jan. 10
30% 317s 5,145 24 Feb. 2i; 34% May 19
53
54% 125,852 41% Mar. 13 65 May 15
8278 83% 20.200 68 Feb. 20| 83% June 6
53% 54% 16,615 394 Jan. 21 54% June 6
39% 304 2.750; 13 Jan. 10 31% May 19
Jan. 2 1074 May 16
102-8 10278
2.192; 92
46% 47% 13,790 364 Mar. 4 48% May 24
May 21
1,072 92% Feb. 1 119
117% 1184
23% 34% 8,1T0; 13 Apr. 14 28% May 14
16
22%i
May
34.805, 16% Feb. 21 24%
22
May 12
1,713 43% Mar. 12 54
50
50
28
May
44% 44% 3,837, 36% Feb. '27; 46%
83%' 88% /,57/,<ioo' 79% Apr. 8 1084 Jan. 21
334
22%
^0
67%

5278 54
29% 39%|
1014101:%'
46% 47
115 117%:
234 24%;

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

12% May

36%
655 87%
318 31%
112 82%

1004

31

33
20

3,900,
420;

35

30% 314
32% .54%
82% 83

33%
16%
35%

36

92% 9-%

35% 35%
32% -22%
394 40
674 6778
36
36%

43

;

51

36
06

194
13%
97%

6O0I 76

116
127

144

Jan.

Jan. 31

934 May 23
92% May 5
54% Mar. 10
117 May 16
31% June 4

May
284 May
87% May
27 2478 May
15%
550 40 Mar. 3 53% May
128 104 Feb. 17'll6 May

85
22

36
66

Mar.
Feb.
Mar.
Apr.

71% Mar.

847e

36
364
•13% 14'
13% •13% 14
29%
29% 29% 29% 29
40
39% 40^; 39% 41%
78
78%
78
77% 78
36

174 Mar.

4,083

8

23% 24%

1004 1004

112% 113% '113

33%
39%
66%

8
•33

115% 115%

116
135
14

35
3578

19,965

85% 18,434
25% 25% 3,230
23% 24
6.063
104% 105%
940
105 105
49% 49% 49 4 49%
740
48% 50
49% 50% 90,485
32
21% 21% 22
530
46% 47% 4678 47% 65,810
'38
37% 38
40
400
23% 23% 33
33% 52,280

'

114

9,9-29

'262

84% 85
34% 25
21% 23%

35% 35% 35

65
101% 101% 100

100
400

64% 65% 64% 64%

374
85%
24%
21%

23

8

4,938
1,200

214 21%

68

114% June 5

June

9178 Mar.
Apr.
5% Mar.
12 Jan.
9% Apr.
69% Apr.
13 Jan.
103 Jan.
106 Feb.
16 Feb.
70 Jan.
36 Feb.
2334 Apr.
59 Mar.
434 Jan.
244% Jan.

19

18
107

33% May 12
1978 May 15

4
Feb. 28
Mar. 1
Jan. 15
Mar. 5
Feb. '24

Mar.

220 108

49% 50%

.50%

267

Feb. 20 120 Jan. 31
Feb. 19 124 May 12

Jan. 14
1779 Feb. 18
93 Mar. 4 [104%

43,600
4.992

35%
22%

4,150
10.830
4,000

41%

1

I

85% 88%

Feb. 28 '200%
Jan. 31 107
399,095 50 Jan. IO; 95
9,100 43% Mar. 17 89
'98 Mar. 18 119
1,000 18% Apr. 211 23%
8,488 x81% Mar. 20, 87

'200
199% '20:i%! 3,474 187
199
.„.,
_„„
1034104%! 1044 10478 7, 7Pf,ioo 97%
,

76% 8O4I 75% 84
53
35%! 51% 33
.1
iijl"
22
21% 21% -Jl% 22%
851,
85
854 8578! 85% 86
§ PricM from kotli ExcbangeB. x Ex dividend.
;

'

)

4% Feb.

71% Mar.

18% 18%
1,540
75% 76
69,616

17%

8

33

514 514:

52
116

94

.

•6%

8

214 21%

48% 49%
"21

22

64%

104

49%

49%

34
24
64% 63

64

34% 35

70

22

24%

41)78

-20
•30
116
125

104

107

•33

33

48% 48%
46% 48'ia
'21

17%

262

35% 364
834 84%

244

•93
.13

18% 18%
737e 75%

214 21%
•8
8%

35-'%j

36

17

...

20% 214
8
8%

1

.

Tclcirraiiti

69%
48% 49%

I

Iron

do
Paeiflc

Western Union

28^8

'

Silver Bullion Certificates.
Bugar Refineries Co.

A

28%

i

.

6701

2,200

1104110% 1104 1104 110% 110%
17% 17% 17% 17% •17% 17%
73 744 •73% 74% 73% 744
•39
40% •39% 40% 39% 40%
28% --'9
28% 39
28% 29

I

'.

Pacific Mail

Tennessee Coal

175»

74
40

'34

104

7

19

28% 29% 28% 2978 30% 31
474 53
48% 53% 52% 537f.
83
83% 8278 83
82% 82%
31 4 52 %
51% 52
50% 52
53% 53
29I2 29I2
28% 28% 27% 29
20
294
10/12 103
102% 103 xlOO%100% 10'."%101
45
45
454 464 45% 46% 46% 47
116
116
116
115 115
20% 231s 214 22% 21% 21% 33
23%
20% 214 20% 214 20% 21
21
31%
4912 49 12 •50
51
5078
48
50
50%
44I2 45
44% 44% 44% 45
44% 45%
90
89
89
90% 87
89% 854 8878
198 19812 197% 197% 197 197
197 199
101% 101% 101% 102% 102% 103%! 103 103%
77% 791a 73
784 67
72
71
75%
48% 491a 49
49
49
30% 5;% 54

Oregon Improvement Co
Pipe Line Ortifioates 5
Pullman Palace Car Co

104

29%
50% 534
834 83%

.

Edison (ieneriil Electric.
Laolede Oiw (St. Louis)
National Lead Trust

17

20

29

Columbus

27

8

29-58

I

Iron

A Hocklug Coal
Consolidated Gas Co. . .
DistUling A Cattle F. Co.

.

8

17-"%

112% 112% 1124
33% 35% 35
21% 21^8 214
39
39% 39
654 66% 65%
3612 3612
35
334 34%
13% 14
14
14
134
•29
294 28% 28% 28%
39% 40V 39% 40-ip 384
77%, 78_
76 Tg 78 V
75%
3012 30%
30
31
30~t

Wiscon.slu Central

8

•7

•134 14

354 35%
2l''e 224
39% 39%
66% 67

pi-ef.

96
114

14

{

I>o

•93

114

34

II212 1121a

Wabash

96

34

64% 65%

30% 31

115

13

94

. .

16

8
83

83
60% 61
125 125

1,

Highest

Lowest.

I

48% 48%131,377| 30% Jan.

115
•84

81%

•93
113

74
39

105% 105

48i«

*12i2
"35

124

96
112

104
109% 111

'260
21i|

!3

H

Shares'.

1034 1034 103% 103% 104% 1044 104%

104

28''6

51
116

A

115
83

18% 18% 18% 18%
73% 74-% 73% 754
•17% 18%
18
18

41

;o

Francisco

124
H3

294 31%

29

•6%

20

51
114

A
A San

115
83

124

81% 82%

ll^s

Do
51% 52
pref.
BomeWatertownAOgdensba "114 116
t. Louis

8

834
59% 60%

6.

110% 117
116% 110% 115% 115% 116 116
•10
11%
11% -10% 11% *li>
11% 10

113

47I2
21i2

*35
2312
*83
-20

Pittsb.AWc8t.,pref..tr. certs

.

'334 34

83% 84^2
24% 25

Ohio A Mississippi
Ohio Southern
Oregon Ky A Navigation Co.
Oregon 8h. L. A Utah North.
Oregon A Trana-Contineutal..
Peoria Decatur A EvansviUe
Phlla.AKead.Vot. Trust. Cert.

8

83

sa-'s

I

I

'

4812 49 '8
484
'260 270
'260
2118 21%
21
•8
•8
81a

pref

Do

28%

68

trorthem Paoiflo

Do

39%

404 404
28% 2878

New York A New England
New York New Hav. A Hart.
New York Ontario A West
New YorkSusquehan. A West.
Do
pref.
Norfolk & Western
Do
pref

47% 48%

47'% 4812
8
8%

I

June

5.

18»0.

77129 Mar. 6 135 ,Ian. 24
«%Feb. 28l 14% May 13
101% Feb. 21111% May 10
4,119| 26% Feb.
3 40% May 10
631: 70
Feb. 3 89 May 13
774 78% 77% 78-5h 77^8 78% 77% 78%1 92,400 66% Mar. 4 79% May 26
120 I20'8 lai 121ie 120% 120% 131 131%| 2,930 112% Apr. 9 123% May 26
115 115'>8 115% 116% 11(1% 110% 1164116%
6,835; 107
Feb. 21 117 May 26
145 147i2!'146 147I2 146 147% 148 147'2
40ii40 Feb. 5 148 May 6
94I2 9512
931* 95%
93% 94^8 94% 93% 4S,335l 88% Feb. 19 98% Jan. 4
*15ia 1712
15% 17% 17% 17% 17% 17%
2501 15% .Tan. 16 184 Feb. 26
47 49 '2 •46 50 •47 49 '49 50
43% Jan. 13 53 Feb. 26
33% 35% 33
35
35
35
35
35
900 31 Mar. 6 367e May 10
92% 99
99
99
92 Feb. 19 10078 May 10
794 "78% 79% 32,089 66% Feb. 21 80 May 20
76% 7818 77% 784 78
943 96 Feb. 17 101 May 12
100 10018 100% 100% 100% 100% 100 1004
254 25
254 3,460 18% Jan. 13 26 .May 9
231a 241a 23% 23% 24
170 1704
5,230 147 Jan. 2 175 May 14
169 1694 1694169% 169 170
14318 1454 144% 145% 144% 145% 145% 146% 111,625 xl31%Api-. 2 14873 May 19
19^4
194
19
19%
194
900 14% Apr. 1 204 May 15
19
19%
1?
55
55% 55% 55%
934 45 Mar. 26 ,56% May 15
55
554 55
55
10%
10%
10%
10%
10
10
10%
1,965
107e
8% Apr. 14 11% May 21
-77
440 67 Jan. 6 81 May 21
79
78
78
794 794
80
79
26% 26% 1,735 204 Jan. 20 274 May 21
26
2C4 264 264 26% 27

.

pref.

June

4.

1,

Range Since Jan.

Week

Friday,

i

I

. .

Do

Thursday,

I

16%
A Tex., 3d!a3s'nt paid
74ie 75i2
72% 75
Missouri Paciiic
*17i2 18i4 1712 184
Mobile AOhio
•103 107
Nashv.CbattaiioogaASt. Louis
New York Central A Hudson 109''8 lOO^a 1091a 109%
"17
1712 16% 171-2
New York Chic. A St. Louis.
*73
Do
744
Istpref
Mo. K.

2d pref.
Hew York Lake Erie A West'n

8

Sales
of the

58% 59%; 594 59 'e'
I23I2I24
124% 12412: 124 125
-35
-35
3512
36
36
30
36%
23
23% 24
24% 24% 244 24%
634 631a 644 644 64% 654! 654
41%
42% 43
43% 44
44
44^8
130 135
130
130 135
12% 13% 13% 14
13% 14% •12%
106% 107^8 107 108
107% 1084 107
38
38
38
38
39
40% 39%
84 86 '84 86
86
87% 86%

I6I2

Do

48I4

714

27
274 28
102% 10378 103

102 14 102 14
93
*92 12 95
115
112

Michigan Central

Do

III3, *10

46%

Juue

|

AND SINCE JAN.

27 29% 30 30
*29
30
30
30
30
318 22%
30
30
19% 2,083 17
19
194 18% 19% 18'e 18^8 19
19
1941 19
66% 664 66% 3,701 63
65% 66% 66
664 65% 65% 654 66
1134' 112%113i2 112% list's 2113% 113% 113% 111% 113% 114
31,383 104%
•92
-91% 93
92 93
•91% 93
93
93
911a 93
86
90% 9078 35,703 834
8918 90
91
894 91% 90% 914 90% 91
38 40 38 40 38 40
41
38
2,5;:0 33
33
36
42
1134114
1134 114
II314 112% 113
112%113% 113 114
3,300 100

112%
'27% 28%

Mexican Central
Milwaukee Lake 8h. & West.

115

|

3.

g2'e

81% 81%

1

I

Do

Do

*78

120

I

Lake Erie & Western

Minneapolis

9%

80

I'11.6i4ll7

Central
Iowa Central
Illinois

14719
95»e
1708

145%
18% 18%
53% 53%

54i2

*10i«
*78

*H5

170
144

June

IWednesday,

«,

L.

.

471a 50

Delaware & Hudson
Delaware IjickawannaiaWest 145'2l46
19
19
Denver & Rio Grande
B»8t Tennessee Va.

86

78I4

120% 121
115% 113% U5 115%

Chicago Rock Island <&Facific.
Chicago St. Louis & PittsburgCbioaeo

23% 23'8'
24
6314 64
61
44 14 41% 43"4
132 133
134

78'4 78%
1211a 12113

Norrliwesteru

Do

46% 48%

48>8|

pret.

OhlORKo Mllwaiikee&St. Paul.

Do

I

Tuesday,

I

I314
106% IO7I2
107% 108
3812 38=8
3«is 38'a

13

.

Chicago

31.

Monday,
Juno 3.

I

*7ia
8M •7
8
82T8 8J
g^'s 82'8
59i8 g9^, 584 00
123 124
1235e 121
iJ8
SU
3(i
-Sa
35
*!»5

Canadian Pacitic
Canada SoLitUeru

JU*B

STUCK EXCHANUE POK WEEK ENUl.VW
HIGHEST AND LOWEST PRICES

N. t.

May

fVou

I

1

)

Ex rights.

June 6

Apr. 25
21

May

Jan. 7
Jan. 87

May '20
May 14

June

7,

I'HE CHRONICLli

1890.J

INACTITE HTOCKS—QnotatiooB
Bid.

Alb'ny

& Susn. 170

BeIl.&8o. Ill.pf
Boa. Air Linn, l>(
Buff.R.
do.

it

jDBsM. &Ft.D.i

185

!

105

38 >a 40
7719 80
28
35

i>rof.

Biirl.C.K.&No.

Ced.F.&Mlnn.

I

I

I

I

20

do,
pref
Flint A P.M....
do.
prof

Houa. &TCX.O.
ni.aiou.scdl'8.1

Mar.H.& Ont'u

156

33

35

Mox. Mat.

I

102
»

i»H

4
(t

1(1

14

19

1

M.H.AO.,iiret.

;

Oliio Ind-AW'D
do.
jipef.
Pitts. Ft.
Pitts. AW.tr.re'
Reims. ilkSnra.

Ridi.Tor.

im

BJ.NDS- LATEST PBICBS OF AGTITE BONOS AT
KiJLROAD AND MDSCEL. BONUS.
Jfav

At.Top.&8.Fe.— 100-y'r 48,1989
1989
100-year income 5s
Atl. & Pac— \V. D. Inc., 68, 1910
Guar., Is, 1937
Can South.— l8t guar., 58, 1908
2d,5e,1913
Central of N. J.— Uons. 78, 1899.
Convert. 78.1902
Oencral mort., 58, 1987

Rmige

L«h.&VV.B.,con.7e,1900,as'nt

MortKage,5s, 1912
imp., 08, 1921 ...
Central I'acittc-Gold 68, 1898.
Laud grant (jB, 1890
Coes. & Ohio.— Mort. 68, 1911..
do.

Am. Dock &

Istcousol. 5s. 1939
R. & A. Dlv.,l8t oon.,2-4, 1989

2d con., 3-4, 1989
Cheg. O. & So. W.-U8, 1911
Chic. Burl. & Q.— Con. 7, 1903.
Debenture 58, 1913
Denver Division, 48, 1922
Nebraska Extension 4a, 1927.
Ohio. & K. Dl.— 1st, 8. f ., 68, 1907
Consol. Us, 1934
General oousol. l8t,5a,1937.
Chic. Ga.s. L. &C.— let, g,o8,1937
Chic. Mil. & St. P.—Con. "a, 1905

Lowest,

87
69

8318 Mar.

88

54 ig Feb

70 '4

68 'e
20

2II4
81>a

Ist, SouthwestDiv.— Gs, 1909. 1155ib. llUiil
1st, So. Min. Div.— 68, 1910
115%b. 116%b.
lat, Ch.& Pao. W.Div.— 5a,1921 108 b. 108
b.

Chlc.&Mo.Riv. Div.— 58,1926
Wis. & Minn. Div.— 58, 1921
Terminal 58,1914
Gen. M., 4b., series A
1989
Chic. & N. W.— Consol. 7s, 191o
Coupon, sold, 78, 1902
Sinkiut! fund 6», 1 929
Sinking fund 08, 1929
Sinking tuud debcut. 53, 1933
25-year debenture 5s, 1909
Exteutiou 48, 1926
Chic. Peo.
St. L.— Gld.58, 1928
cSt

Chic. R.

I.

105
9414b.

94%

P9
130
106

97

Chic.St. P.
& 0. -Con.6s,1930 1221-jb 119=8
Cleve. & Canton- Ist, 5s, 1917. 93 %b. 9038
C. C. C. & 1.— Consol. 7a, 1914..
130 b.
General consol. 68,1934
125iab. 124 b.
Col. Coal & Iron— Ist 6s, 1900.. 104 b, 104 b.
Col.H.Val.&Tol.— Con.Ss, 1931 8214b, 83%
General gold, 68, 1904
86'«b. 84%
Denver & Rio Gr.— 1st, 7a, 19O0 118 a llOiab.
83 14
Ist oonaol. 48, 1936
83 14
Det. B. C. & Alp.— lst.g.,68, 1913 100 a. 100 a.
Det.Mac.&M.— Ld.gr.3i28,1911 3914a. 37iab.
Dul. &lronRauge— 1st, 5s, 1937
100 b.
Dul. Bo. 8h.& At!.- g.,5a, 1937. 100 lab lOOiaa.
E. Teun. V. & G.— Con., 58, 1956 106
105%
Knox V. & O lst,68,gold,1925
IIII3

&

.

—
C—

•

-

'

94%

9378

IO8I3
1061a
Gal H.&SanAut.- W.Dlv.l8t,5; 9213b. 92iab.
Han. & St. Joa.—Cone. 68, 1911 116 b. 116
Illinoia Central- 48
1952 100 b. 100 lab.
Int. & Gt. No.— Ist, 68,gold, 1919 114 lab. I14ieb.
Coupon, 68, 1909, trust rcc.
86iab. SOiab.
Iowa Ccutral— Ist os, 1938...
00 14
8858
Kentucky Cent.— Gold 4, 1987
84 %a. 84 14b.

KlngsCo.EL- lst,8er.A,58,1925 104%

Laclede Giis— 1st, 58
L. Erie

1919

& West.— Ist, g., 5a, 1937

May 96%
May 144

104%

84I3

83 14

91I2
129 14
104 13
100

9918 June
132 May
Apr.
1041a Mar.
119 June 1231a May
91 May
97 Jan.
I3213 Mar. 135 Feb.
117i4Fob. 12513 May
103 Mar. 108 Jan.
73 Mar. 83% June
73 Mar. 88 14 May
Feb.
1171a May 119
76i3Jan.
8338 May
99 Mar. 100 Jan.
35 Mar. 391-2 May
100 May 1025« Mar.
92 Jan. 101 May
1031a Jan. 108 Apr.
108 13 Jan. 112 Mar.
901a Apr. Iu4 Jan.
10313 Feb. 1 10 May
93 May
95% Apr.
116 June 121 Feb.
IOOI4 Apr. 102 14 Mar.
IO914 Jan. lieiaMay
7314 Jan.
89 May
91 May
85 Jan.
83% Apr. 85 Jan.
103% Mar. 105 Jan.

81

Jan.
Jan.
Jan.
Jan.

89

Mar.

48,

1938

04

96

N. O.

& Mob.— 1st, 68, 1930
2d, 68, 1930
& N.— Ist, 68, 1019.

May

May
May
1171a May

128
128

99 Jan.
1191^ Mar.
1211a May
110 la Feb.

June
Jan.

ll5i4Jan.
do.
112 b. 11 214b 106 Jan.
E. H.
116 b. 11314b. 113 Jan. llGiaMay
General. 68, 1930
11814b. 114 b. 113
Jan. 1161a May
50-yeaT58, 1937
105 13 Jan. 109 May
:..
107 b.
" •
Collat. trust 5s, 1931
103 lab. lOSiab. 104% Jan. 110 Feb.
Louis. N. A. &C'h.-l8t, 68, 1910 118 b. 118 b 114>3Jau. 119
Feb.
Consol., gold, 68, 1916
101
101
95% Apr. 105 Jan.
Loui8.8t.L.& Tex.,l8tg.68.19J7 97 %b. 98 b. 9714 Feb. 101
Jan.
Metro. Elevated- l8t, 68, 1908
115i«b. 116%
112 Jan. 117 May
2d, 68, 1899
106 14 10614b. lOBTfl Feb. 110 Apr.
Mich. Cent.- l8t, con., 78, 1902
126iaa 1'25 May 129 Apr.
'1
Consol., 58, 1902
Ilia Mar.
i'le'
110 May
MU.LakeSh.&W.— l8t,6s, 1921 119 b. 119%b llOHi June 123 Apr.
Conv. debenture, 58, 1907
103 %b
lOO's Apr. 104% Jan.
Exten. ii Imp. s.f., 5s, 1929
103isa. 101
Jan. 105 14 Jan.
Mllw. A North.— .M. L, tie, 1910 112ie 10913 100 13 June 11313 May
lat. Con., 68, 1913
112%b. 109'8b. 1081a Feb. 11314-May
Mo.K.&T.— New48, when issued 80
8II3
7513 Mar.
8158 June
New '2d 58, when issued
54 13
55'8 May
5314
4313 Apr.
Consol., 6», 1920, trust rec
72 13 Jan.
8338 May
87
8t>
b.
Consol., 58, 1920, trust rec
76 May
73 b. 76
Jan
Con., 78,1904-5-0
116^1 116 b. 110% Jan. 1163b May
109 I4I.. 109 .May 113 Apr.
Mo. Pacitlo— l8t, con., 6g, 1920
3d,78,1906
116%a.!ll0 b. II412 Jan. 120 Apr.
Pac. of Mo.— l8t, ext., 48, 1938 99 b. 9913b. 98% Jan. lOlisJan.
2dmort.,7s, 1891
102'8b. 101 >4 Jan
103 Mar.
Mobile & Ohio— New, 68. 19;i7. 11513 115 a. 115i3Miiy 117 Apr.
General mort., 48, 1938
62''8
62 b. 57i4Jan.
0513 Jan.
I'iO

b. l'20ia

:

•

•

em

"b"

indicate* prioe bid,

2
Cabin' 105

Coiiiiiifr.
CoiiHol.(J()nl(!o.

and "a" prioe tuktd;

,

48>g' 45
Ontario Bliver
Pcnn. Coal.... 290 :8lO
Ph.NatOoiiCo.l
I

Qnlcksllv'rMir.
do.
28 II
pr<!f.
U.8. Kxiiresn
.liWellHF.ACo.E.1

26

IS

'New Cent. Coai* IIV-- ,-

7>8

.

Hai-k'uH'kWiit. 100
14>9, 19>s K
do.
nrel.I ioa>s
4S
Homeg. Mln'g.' 11

.1 «ta

I

,

4

Ciuiic roll Coal.

'8

A

40

'

.

Range

Clotiiig.

MayZO'Jwu

I

71>s

!

144
1,

*
42

74
'14»

181

rinee Jan. I.

Lotoetl.

Bighaf,

j

68, 1911. lOOisb. 10014b,, 100
May |103>sApR.
b.'l32iab.'l32i4Jao. 'l83 JaB.
8t. L.-lBt, 78, 1913 132

Bar

A

N.Y.&lIarlom— l8t.78,reg.,1900 124%
N. Y. Chic. A St. L.— l8t, la, 1937 93%
N. Y. Elevated— lat, 7a, li)06... lis b.

931a
no
b,

113
13213
Ill's
134 13

N. Y. Lack. A W.-lst, Oa, 1021. 133 b. 134
Coiiptruction, 58, 1923
A W.— lst,oon,78,19'20 1351s 184

Long Dock, 78,1893

110'4b 106 lab.

Consol, 68, 1935
2dcouBdl.68,1969
A W.-l8t,

1'20

a.

106 I 10414

N. Y. Out.

'

North Pac.&Mon.— st, 68, 1938
No. Pac. Ter. Co.— Ist, Os, 1933.
Ohio lud. A West.— lat, 5s, rec..
Ohio A Mi«s.—Consol., 78, 1898.
Ohio Soutuem— 1st, 6a, 1921
Oen. mort., 48, 1921
Omaha A St. L.— Ist, 4s, 1937
Oregou Imp. Co.— lat, 6.1, 1910.
Ore. R. a Nav. Co.-lst, 68, 1909
Consol., 5s, 1925
Oregon A Tranacon'!- 68, 192'.
Penn. Co.— 4ias, coupon, 1921
1

.

Peo. Dec.

A Evans.-l8t,68, 19'20

Evansv. Div.— Ist, 68, 1920.
2d mort., 58, 1926
Phila. A Read.- Gen. 49, 1958.
1st pref. iucoino Ss, 1958
2d pref. income 5s, 1958
3d pref. income 5s, 1938

A West.-lst, g., 4a, 191A Dauv.— Con., 6a, 1915
Consol. gold, 5s, 1936

Pittsb.

Rich.

.

Rich.AW.P.Ter.-Truat

0.s,

189';

Con. let A col. trust, us, 1914
Rio G. Weatein— Ist, 4s
1939
R.W. AOgd.— Con., ext,5s, 192'J

A Gr. I8l.— 1st, 6s, 19'25.
A T. H.-lst, 78, 1891

St. Jos.
St. L. Ait.

2d, mort., prof., 78, 1894

St.L.Ark.ATex.- l8t,6s,

t'st.rec.

2d, 6s, 1936, trust rec

A Iron Mt.— Ist, 7s, 1892
2d mort., 7e, 1897...
.
Cairo A Fulton— 1st, 7s, 1891
CairoArk. ATex.— l8t,7s,1897
Gen. R'y A land gr., 5s, 1931
St L. A San Fr.—68, CI. A, 1906
6s, Class B, 1906
68, Class C, 1906
V.
St. L.

.

General mort., Os, 1931
P. M. A M.— Dak.Ext., 68, 1910
lat consol., 6s, 1933
Do
reduced to 4128
JIontauaExt. 1st, 4s, 1937
San A.AArau P.— lst,g.,6a,l 9IG
8.

lat, cold, 6s 1926....
Shen. Val.— l8t,7s, 1909, Tr. reo.
General 6s, 1921, Trust rec.
So. Car.— Ist, 6s, 1020, ex ooup

Income, 6s, 1931
Pac, Ariz.— lst,6s, 1909-10.
Pac, Cal.— 1st, 6s, 1903-la

Bo.
80.

"-

Uue— 1st, 68, 192'2

,

West N. Y. A Pa.-l8t, 5, 1937.
2d mort., 3g., 5so., 19'27
West. Un. Tel.—Coi.

A Lake
Cent Co.-lst,

Wheel.
Wis.

Income.
all

58,
E.— Ist. 68,
tr.,

g.,

1938
1926

58,1937.

5s, 19!17

other prle«« and tb«

nmgt

107 May
n3%Fe«>

Jan. 113>sUa7
b 109%b. 104i4Mar. 110>3Apr.
Jan. 113 jfiiy
83
81
82 Apr.
851a June
116i.jb. 11466 Feb. no's May
111 b.
108 Jan. 111% Mar
«7
59 Apr.
68 Har
7714
77%b. 731a Jan.
7713. May
7714 a. 10314b, 101 la Jan. 106 Har
110 b. UOiab, 109 Feb. 113 jraa..
103% 101% 101% Apr. 104i»Maii.
10514b. 10513
103% Jan. 107% Ai«^
108% Jan. llO^Maz.
1095s
106 b, 107
101 Jan. 109 Apr.
105 b. 103 b. 106 Mar.
7214a. 70
66 Mar. 74 Mar
8513
84%
87 Jan..
8O13 Mar.
7413
74%
62 Mar. 80>3 Job.
67 14
57
4313 Mar.
4618
4618
36 Mar. 49 Jaau
8Ii8b. 8113
80 Feb.
83 Mar
17 13 11513 Jan.
Mar
OOisb. 92b.
8713 A or.
91 >3 Juna
"
lOO^s 101
98ia
Mar. 103 Jan
79
78
77 Mar. 83 Mar
7713
76%
69'« Mar.
73 Mar
108 -.lb. 107% Apr. lI3i4Haii.
108
106 i«a 104% Jan. 107% AJK.
107
112 b. 11214b. 11 Ola Jan. 11314
108 b. 108 b. 105 la .May 111 Jan.
86I3 Mar.
9113
93 «3
983eMar
32:^ Max
28 .'Uay
104%b. 104 %b. 104 Feb. 108 Joik.

110

US

M^

b. 10714b. 106
May IO914 FeU.
103 14 100 la Jan. 103 '4 Joaa106%b. 104 lab. 102n8Jan. 107 Mar
03
93
88 Jan.
95HMar
June
11413b. 114 b. 1 1214 Feb. 115
114 b 114 b. 112 .May 115 ApE.
114 b. lUiab,
112 May J14H; Apr.
_
114%b. 114isb. 10914 Fob. 119 JaB»
118 b. 117'»Feb. 120 Man
118 b.'118 b. 116% Jan. IM Jaa^
102 b. 10214b luO Feb. 102% FAl
" "" Jan
91 b. 90 a. 861a
91% May
87iab. 88 13*. 85
88i3Jini«
Jan.
87'3b. 89
85% Jan. 89% Jnne
124 b. I26I4 113%JaD. J25i4Jiine
57isb.l 60
60>4 Jom
48 Jan.
10013b.' 99 b. 96
Jan. lOOia.Mar
lliaa.! 11
713 Jan.
13 .Mar
loeisb lOOi-ib. 105% Feb, 1073s Magr
114 b. 112 Apr. 115 Jask.
100 b.!lOO " lOOieApr. 103% Mh^
107 b.'
107 Jan. 107 Mar
96iab. 96I3 Apr. 104% Ja^
97
101i3a.ll01%
981s Jan losisJaB.

108

102%

V

I

9213
I

86

45>sMar

I

94

b.

92%

'107>8

106'4

86

85
87

b.i

l07>3Jaak,

llO>sJaa.
106 Mar
i
1

80% Mar

101

JEaa.

llS'sMo'.

116>sF*.
,1V2

Jas,.

'H3>sM"»
117% Max.

119 Mar.
112% Mar. llSViJi

11414b.'' 1413

9414
IO7I4

96%MiV

90»9 Jan.

44
104
109

.

Oreg. Short

May

112

I3911 Jaa
110*4 Maiv
122>s J«a,

Mar. 101 Muf
Apr. lOX
May
Apr. 118 Fek.
98 May
Mar.
Jan. 118
Mar
Apr. 114>3 Feb.

37 L- Apr.
102 May
b. 107
Jan.
lol. A Ohio Cent- Ist, 5s, 1935 106i4b.ll06
102 Jan.
Tol. Peo. A West.- lst,4s, 1917
8018
7914b. 76 Jan.
Tol. St. L. A Kan.C— lst,6s,1916 100 a. 98^
98 Feb.
Union Paciflc— lat, 63, 1899
117
116%b. 115 Jiui.
Sinking fund, 88, 1893
112 b. 112% 11218 Mar.
Kansas PaciUc— 1st, tie, 1895 llOisb.lU b. IIOI3 May
1st, 68,1896
lll>ab.109>4b. 110 Jan,
DeuvorDiv.— 68, 1899 ...'.'.'. 113 b.ll3 b.;113 Jan.
Istcousol., 6s, 1919
113 b.'ll3iab 113'4 June

Or.S.L.AUtahN.— Cou.53,1919
Union Elcva.— 1st, gu. Os, 1937
Virginia Mid.— Geu. m.,5s, 1936
do
stamped guar.
Wabash- iBt, gold, 5s, 1939
I'd mort., gold, 58, 1939
Dchcnt. M., scries B, 1939 ...
West Shore— Guar. 4s

Apr^

im.

lie%JuiM
13«% Apr.

11214b. 11214b 106

Ist, consol., gold, 5s, 1938. . .
Bo. Pac, N.
Ist, 6s, 1911
Tenn. C. I. Ry.—Ten. D., Ist, 68
Blvm. Div., 1st, 66, 1917..
Tex. A
1st, gold, 5s, 2000 9518
2d, gold, income. 5s, '2000
4313
ToL A. A. A N. M.— lat, Os, 1924 10213b.
Tol. A. A.AGr. Tr.— lst,0s, 1921 109 b.

M.—
A
Pac—

Mar.

Jan.
Feb.
Apr.
1081a Jan.
119 .May
9838 Mar.
1 1038 Mar.

11158b. 11218
6s,
Consol. Ist, g. 58, 1939
9913
97iab, 96
N. Y. Sua. A W.— letref.,58, 1937 9913b. lOO'e
961s
Midland of N. J.— lat, 68, 1910 114 b,
113
Norf. & W.— 100-yc»r58...1990 97>«a. 97%
95
North. Pac.— lat, coup., 68, 1921 11758
118
113%
General, 2d, coup., 1933
112 b 11214b, 110%
Goueral, 3d, coup. 6s, 1937 ... I13isa. IIOI4
IO914

1914

Hay

124% May 12a
97
93 Hay

N.Y. L.E.

I

letter

Laoledeaaa.pf!
Mary-d. Coul
14
Minn. Iron.... • 86

.Vash. Ch.
C0U80I. 38, l«'.i8
110i..ja.'l06%Jan. ;ill
N. \. Central Extend.,
14I). 101%
.„„„., 38,
„„, 1893:101
.„„„,
I013*jMay llOiOtAf
N. Y.C.
II.— Ist, op., 7«, 1903 13013b. 13013b. I3OI4 Jan. 132 liar'
Oeb'nfre,38, colli)., '84, 1904 11214b 112J4b. 110 Mar. 113>3

I

Note— The

"BH"

;|

Mutual Uu. Tel.-8. t,

112i4May

I12isb. 112iaa. 109

Louisv. & Nashv.— Con., 7a, 1898 116%b. llUiab 115

28
lOO

70
87
&3is' 39
Adaiim Kxpr.. 162 155
Auier. Kxpr...' 118
120
I

RAILBOXU and MI8CEL. BOHDS.

106

Apr.
LakeShore.-Con.cp.,l8t,78,1900 128 b.
124 Jan.
Consol. coup.. 2a, 78, 1903
12658 123 b 123% Jan.
Long Island— l8t, con., 5s, 1931 II7I3 llliab 115% Mai-.

General mort.,

Apr.
Jan.

108 lab. 108 isb. 109 Jan. 112 Apr.
10413b. 105 lab. 10413 May 108i3Feb.
99
96 Jan. 100 Apr.

Ch.St.L.& Pitt.— lst,con.5s,1932

&

i)4i4

141isb 141

&Pac.— 68,coup.,1917 132
5s, 1934
105%

Eliz. Lex.
BIgSau.— 68, 1901i
Ft. W.
Denv.
1st, 6s, 1921

113i3Mar. 116% June
113 Jan. 11838 Apr.
105 13 Jan. 109 May

12814b. 125 b xl24%J'ue 129
May
11538b. 116i4b 114 Apr. 117
Feb.
107 38b. 10713 IO6I4 Apr. llOial'eb.

Extension &ool.

M

May
May
May
May

103
IO214 Jan. 103 la May
104 Sab. 103 Jan. 101 'e June
10513
103 Mar. 1051.2 June

10314
10458

I

Aiik.

66
83

Uighai.

12 Jan.
2414
8213
701a Feb.
109% 107 Jan. no Feb.
100 a, 100
97 Mar. loo Jan.
118 b 1181s May 122 Jan.
118>a
124 b,
12413 Jan. 1'28 Feb.
I127eb, 112''eb. 110i4Jan. 1131a Apr.
II514 113 b. 113 Mar. 116 Jan.
102 May 105 Apr.
10338b. IO314
109%b. I0713 Jan. 110 Fob.
112 Jan. 116% Mar.
11514a. Ujia
101 b. IOOI4 Apr. 102'8 Mar.
117 a, 117 a. 115i3Jan. 118 Feb.
10118
101
OO'aMay 10313 Apr.
6913 Mar.
71''eb. 721a
721a June
75 b. 75 %b. 67 13 Apr.
77 May
Ill b 112 a 108 Mar. 11313 Jan.
126 b. 126 b. 126 Jan. 1'28 May
102 ijb. 103
10214 May 105''e Apr.
94iab. 9414b. 92-'8 Feb.
95 Jan.
91fi8
9II3 May
92
94i4Apr.
119 b.
llHia
Feb.
June
1161a
118>2b. II8I4
116 Apr. 1211a Jan.
98
98
95 Feb. 100 Jan.
98iaa. 96i4b. 90% Jan.
981a May
130 a. 12912 12458 Jan. 12912 May

8m
109 Vjb

j

,

S>s

STOCK BXCUANQE. AN» RANttE SINCE JAN.

N. f.

tlnce Jan. 1.

29/une 6

86^8

7''e

'

r't«.

80

R'y

Tol. A O. Colli.
do.
prefJ
i,Va.Midluiid...l
II

I

20
156
27
182

8t.Jo.AOd.Ui.
8t.L.AIt&T.H.I

90

Closing.

29

W.4C

,

13

'

e2lfl'

Bid.

,

South Car.

7%

'

oert.

1

'

Mllw. AKorth.:
N. y.ANop.pf.l

<M

'

do.
i>rcf.
KlnK)*. &Peiub
5>a Mall. C. R'v, pf.

5>4

30

I

(* Indicates actual sales.)

Axk.

,

Hemp. A Chan.'
,

IOC 110
2^

C.B.AQ., righto
ClD.W.AB.Tstrl
do.
pref

Bid.

6«a

Kcok..& DoaM.

5

31s

contfnned.

Bid. lAak.

130

Pitts.

Cl.<fcPitts.mi..
Col.&Gre'ii.pr.l

Ask

795

9514 Jaa.

Apr.

May 109% Apr.
SS>*Apr

Mar.
Mar.

88isa. 88%
lOl'g May
I02>4 Il02i3
82%b. 8014 Feb.
8214
64i8b. 53 'gh. 47
Mar.
104 14 Jan.
10618 IO6I4
101
102 b. 92 14 Jan.
'29
3818
Jan.
38
99 Mar.
101 b.UOIHi
106 b.'l06i3 102 13 Apr.
100 b.ilOOi*
e6''e Jan,
58 14
58 b.l 5913 ."Jar.

90

Apr.

lOoVi Apr.

I

I

8«>eJaB.
97 May
104>a

,101

Juna
Apt.

40 Mar
io2>9Jaak

I

io«i«Mar

'MHApi^
I

69

J

arc traai aetiial sale; " z" ex-tnterest.

THE CHRONICLK

795

Vol.

U

BONDS—STOCK EXCHANGE QUOTATIONS ON FRIDAY OF THE LESS ACTITE RAILROAD BONDS.
Bid.

SEOURrriES.

& Ga.— (Continued)—
& Binn.—1st, g.,5s..l937| 84
Alabama Central— 1st 6s. ..1918 117

Mobile

Exchange Pried.) '

.1928
AlaDama Mid.-let, g., 6s
Atlantic & Danv.— Ist R., 69. .1917
. . .

07

Atl. & Pac— iidW. D.,gH. 6s,.1907i
Bait. & Ohio— 1st, 6s, Park B.1919

119
109>s

1925*

69, gold

19881
.1936 '
W.—Deb. 58.19131

Cons, mort., gold, 5s

Beech Creek— 1st, gold,
Boat. H. Tun. &
Brooklyn Elev.— 1st,

48.

91
100

. .

g., 68... 1924

1915

2d, 3-5B

1104

11038

"98"'

90

Eoch. & Pitts.- Gen., 58.1937
1921 •118
Koch. & Pltt«.— 1st, 69
Con8olidat'dlst,68.1922 118
do
98%
Burl Ced. Rap. &No.— Ist,5s.l906

Bfift.

& collat. trust, Ss... 1934
Minn. & St. L.— 1st, 7s, gu..l„-,
Iowa C. & West.— Ist, 7s.... 1909

Consol.

Ced. Rap.

I.

F.

& N.,

l8t,

6s.l920

88

90
90

1921

1st, 59

•Central Ohio Reor.— Ist, 4i29.1930

100

& Bank.— Col.

g.5s.l937
eav.&West.— lstcon.gtd.59.1929 98 >3
•Cent, of N. J.— Conv. deb., 68.1908 117
Central Pacific- Gold bds, 68, 1895
Cent. RR.

iim

1896 113
1897 114
1900 111

Goldbouds, 69
Oold bonds, 6s
San Joaquin Br. ,68

&OrCRon— Ser.B.68...1892
Mort. goUlSs
1939 tOl
West. Paciflc— Bouds,6i....l899 113
No. Railway (Cal.)— Ist, 69.1907
SO.year 59
1938 99>4
Ches. & O.—Pur. M. fund, 68.1898 1141a
Cal.

1897
1919
1023
1920
1928
1920
1908
1916

Erie— l8t, extended, 7s

Butr.

&

S.

W.— Mortg.

6s... .1908

1909
Jefferson- Ist, gu. g. 59
Eureka Springs R'y— l9t,69.g.l933
Evan. & T. H.— 1st, cons., 68.1921
1923
Mt. Vernon— 1st 6s
Evans. & Indian.— Ist, cons.. 1926
Flint&P. Marq.-Mort., 63. ..1920
1939
1st con. gold, 5s
Fla. Con. &Pen.— Istg. 5s.... 1918
100
94
Gal. Har. & San Ant.— Ist, 68.1910
1905
2d mort., 7s
1931
West. Div., 2d 6s
1927
Ga. 60. & Fiii.— l8t, g. 63
llSHt Grand Rap. & Ind.— Gen. 5s.. 1924
113
Green B. «. &St. P.— 1st 63. .1911
2d income, 1st subs, paid
lOlis Housatonic— Cons, gold 58
1937
115
N. Haven A Derby, Con3.58..1918

A

105

110
120
102

96
95
31
105>2

7s.Tr.rec. 112%
West Div. 7s,Trust receipts.1891 II212
1901 105
Ist Waco & Nor.— 78
2d m.Ss.M. 1. Trust receipts. 1913 1131a
75
Gen. niort.6s,Tm8t receipts. 1925

Hous.&Tex.C— l8t, m. 1.

1908 115%
84
86
.Ches. O. & 80. West.- 2d, 6s. .1911
niinois Central— 1st, g., 4s ...1951
Chicago & Alton— 1st, 78
1893 109»4
1951
121
1st, gold, 3123
Sinking fund, 68
1903 120>s
Springf. Div.— Coup., OS.... 1898
Louis. & Mo. River— 1st, 78.1900 II8I4 I2014
1921
115
Middle Div.— Reg. ,5s
2d, 79
1900
C. St. L.&N.O.— Ten.]., 73.1897
8t. L. Jacks. & Chic— l8t,78.1894 109 »2 111
109
111
1897
Ist, consol., 7s
1^
Ist, guar. (564), 7s
1894
2d, 6s
1907
2dmoi-t. (360), 7s
1898 115
Gold, 59, coupon
1951
2d, guar. (188), 7s
1898 115
1951
Meinp Div., Istg. 4s
Miss.R. Bridge— 1st, s. f., 68.1912 104%
Dub. & S.
Ohio. Burl. & Nor.- Deh. 6s. .1896
2d Div., 78 ...1894
Ced. Falls & Minn.— Ist, 78.. 1907
Chic. Burling. & Q.— 59, s. f..l901 105
1051a
Ind.Bloom.&W.— Ist, pref. 78.1900
Iowa Div.—Sink, fund, 59. .1919 107 >4
Ind. D. & Spr.- 1st 79, ex. cp.l906
Sinking fund, 4s
1919 95^2
Plain, 4s
1947
90% 92 Ind. Dec & West.—M. 5s
1921
.Chic. & Indiana Coal— 1st 5s. 1936
98
2dM.,inc5s
1948
Ohi. Mil. & St. P.— l9t,88,P.D.189S 124 12 126
Inter. A Gt. Nor.— Coup. 6s. .1909
2d, 7 3-108, P. D
JCan. C.Wyan.&N.W.—l8t, 58.1938
1898 121
1st, 78, $ g., E. D
L. Sh. & M. So.— C. P.&A.— 78.1892
1902 12512
120 la
1st, La Crosse Division, 78.1893 118
Buff. & Er.— New bonds, 78.1898
l8t,I.& M.,7s
Det. M. &T.-lst, 7s
1906
1897 -12114
121
125
Ist, I. & D.,78
Lake Shore— Div. bonds, 78. 1899
1899
l8t, C. &M., 79
Mahon'g Coal RR.— 1st, 58.1934
1903 125% I27J2
let, I. & D. Extension, 78.
Litchf. Car.& West.- 1st 6s. g.l916
1908 12:12
l8t, LaC. &Dav., 5s
liOng Island— Ist, 78
1898
1919 1041s 106
l8t, H. & D., 7s
N. Y. & E'way B.— Ist, g. 53.1927
1910 126
1st, H. & D., 5s
2d mortg., ino
1910 10312 105
1927
Chicago & Pacific Div., 63.. 1910 II6I2
N. Y. & M. Beach- Ist, 7s.. 1897
Mineral Point Div. 5s
N. Y. B. & M. B.— Ist, g., 58.1935
1910 104 106
C. &L. Sup. Div., 5s..
Brooklyn & Mont.— Ist, 6s. .1911
1921
Pargo & South., 6s, Assn.. .1924
12Lia
1st, .53
1911
Inc. conv. sink, fund, 5s
Smithtown&Pt.Jeff.— l3t,78 1901
1916
Dakota &Gt. South., 5s.... 1916
101% Louis. & Nash.— Cecil. Br, 78.1907
,Ohic.<feNor.— E8C.&L.S.,l8t,6s.l901 113
Pen.sacola Division, (is
1920
Des M. & Minn.— 1st, 78. .1907 122
St. Louis Division, 1st, 63.. .1921
Iowa Midland- 1st, 88
2d,3s
1900 125 132>a
1980
Peninsula— Ist, conv., 7s... 1898 120
Nashv. & Decatur— 1st, 7s. .1900
Chic. & Milwaukee- 1st, 7s. 1898
S. f.,6s.— S. & N. Ala
1910
Win. <t St. P.— 2d, 73
134
10-40, gold, 63
1907
1924
Mil. «fe Mad.— Ist, 6s
Pens. & At.- 1st, 69, gold... 1921
1905 *107i2
Ott. C. F. & St. P.— 1st, 5s.. 1909 IO8I2 1091a
Nash. Flor. & S. Ist gu. 5s.,1937
Northernlll.- 1st, 5s..
1910 IO8I4
So. &N Ala.— Con. 5s
1936
.Chicago Rock Island & Pacific
Louisv. South.— l3t, g. Gs
1917
Des Moines & Ft. D.— 1st, 4s.l905 81
Lou. N. O. & Tex.— Ist, 43
1934
Ist. 2129
59
1905 55
2d mort., 58
1934
Extension, 48
1905 81
Memphis & Charl.— (is, gold.. 1924
.^eokuk&Dos M.—Ist, 53. .1923 104 1U6 Mexican National— Ist, g., 6s. 1927
Chic. & St. Louts— Ist, 63
1915
2d, income, 68, "A"
1917
Chic. St. P. & Kan. City—Ss.. 1936
2d, income, 68, "B"
1917
Minn. & N. W.— 1st, g., 58..1934
Michigan Central— 63
1909
ChicSt. P. & Miiin.-l8t,63...1918
Coupon, 5s
1931
St. Paul AS. C— 1st, 6s
1919 123 125
Mortgage 43
1940
iChlc. & W. Ind.— 1st, 3. f., 6s. 1919
Jack. Lan. & Sag.— 6s
1891
General mortgage, 6s
1932 118
Mil.L.8.&W.-Mich.Div.lst,68.1924
Cm Ham. & D.— Con. s. f., 78.1905 123
Ashland Division— 1st, 63 ..1925
2d, gold, 412S
1937 *100
Incomes
an. I. St. L.& Chic— lst,g.,48.1936 991* 100 Minn.A St. L.—la. Ex.,l8t,7s.l909
Consol., 6s
1920
1st, g. 78
1927
Cin. Jack. & Mac— 1st, g., 5s. 1936 *
78
2d niortg., 7s
1891
C. C.C. & St. L., Cairo div.-4s, 1939
Southwest
Ext.—
1st, 78
931a
1910
,pl.Col. Cin. & lud.— 1st, 73,s.f.l809 1181a 119
Pacific Ext.— 1st, 6s
1921
ConsoJ. sink, fund, 7s
1914
Impr. & equipment, 63
1922
Clevc & MaU. V.— Gold, 53... 1938 »107
Minn. & Pac—1st mortg., 5s. 1930
Colorado Midland— Ist, g., 6s.l936
Minn.S. Ste. M. & Atl.— 1 st. 59.1926
Columbia it Green.— 1st, 63. 1916 '102
Missouri Pacific-Trust 5s. ..1917
2d, 6s
1926 * 82
Mobile & Ohio— 1st ext., 68... 1927
Col. & Cin. Midland— li»t, 68.1914 ' 97
Ist pref. debentures
Del. Lack. &W.— Convert. 7s,1892 *
109
2d pref. debentures
Mortgage 78
1907
St. L. &, Cairo
Is, guar
1931
Syra. Bing^& N. Y.— 1st, 78.1906 *131
Morgan's La. & T.— 1st, Cs
1920
Morris & Essex— 1st, 73. ...1914
144
1st, 7s
1918
2d, 7s.
1891
105
Nash. Chat. & St. L.— 2d, 6s, .1901
Bonds, 78
1900 *120
New Orleans & Gulf— 1st, 6s .1926
78of 1871
:::i9oi
1128
N. O. &. No. E.-Pr. I., g., 6s.. 1915
l8t,con., guar., 7s
1915 137% 1381a N. J. Junction—Guar. 1st, 48.1986
Del. & Hud. Canal— 1st, 7s. ..1891 lOS'g 104
N. Y. N. H. & H.— lat, rcg. 43.1903
Ist, extension, 7s
1891 IO514
N. Y. & Northern— 1st, g., 58.1927
Coupon, 78
1894 112
2d, 48
1927
Pa. Div., coup., 7s
1917 •147
N. Y. Susq. & West.— Deb. 68.1897
Albany & Susq.- 1st, gu.,78.1906
i33
2d, 4139
1937
1st, cons., guar., 6s
1906
122
North'n Pacific- Divid'rtscrip ext.
Kens. & Sar.— Ist, coup., 78.1921 •145
James River Val.— 1 st, 68. .1936
.Denver City Cable-lst, 68. ..1908 101 103
Spokane & Pal.— Ist, (is
1936
.^env. & B. G.-Imp.,g., 5s... 1928
85I3
St.Paul A- N. P.— Gen., 68.. 1923
Tenn. \ a. & Ga.-lst, 7e...l900 12018 i'2i
Helcua&EedM'n—
lst,g., 6s 1 937
ulvlsional 5s
1930 110%
DHluth&Mauitoba— lst,g.6sl936
lat ext.. gold, 58
;i937
Dul.AMan Dak.Div.— Isl(i9.1937
MA Imp., g., 5a
_
1938
Cceur d' Alen —1 st, Os, gold .1916
68, gold, series

117

1977

99I3

.

108

118
95

.

'

No

price Friday; t]i«ee are the latest quotations

made

this

week.

115

100%
58
II6I3 117
1231a

*

107
110

'

I

:

Pitts.

I

Painsv.

A F.— 1st,

49
.....a

Equip. M.

121
geis

Atl.

8. f., g..

98

1909

5s

A Char.- lat, pref.,

7s. .1897
69.... 1900

*

.

Bg.— 1st.

88I2

*

109% 112

St.

Paul

.

St.

g. 43.

107
601a

98

104''8

..1937

A Duluth— 1st, 53. ... 1931

Paul Minn

1031a
5214

Wn.— 1st, 6s. .. 1916

Kansas Mid'd.— l3t,

111

6s. .1910

96
41

.

104

A M.— Ist,

ii'i"

1917 10312 105
112
1909 1I6I2
1922

78.. 1909

127%

2d mort., 63
Minneap. Union— 1st, 6s
Mont. Cen.— 1st, guar., 6s. .1937 11712 1181a
East. Minn., 1st div. 1st 58.1908 loo's
San Fran. A N. P.— 1st, g., 58.1919 98 100
Scioto Valley A N. E.— l8t,4s,1990
83
84
'Shenaniioah Valley— Inc, 63.1923
Sodus Bay A 80.— 1st, 5s, g...l924
South CaroUna-2d, 6s
1031
'•"
So. Pac. Coast— 1st, guar., 43. 1937
Texas Central— 1st, 8. f., 78... 1909
1st mortgage, 78
1911
50
Texas ANew Orleans— lst,78. 1905
Sabine Division, 1st, 68
1912 10512
Te.x, A Pac, E. Div.— 1st, 63.1905 1081s
Third Avenue (.N.Y).— Ist 53, 193
113 113ifl
Tol. A. A. A Cad.— 6s
1917 104
;Tol. A. A. A Mt. PI.— Oa
1910
Union Pacific— Ist, 68
1896 11236 113
l8t,68
1897 113%
1st, 6s
1898 1151a 115''a
Collateral Trust, 63
1908 1071s
Collateral Trust, 58
1907 99
Collateral Trust, 4138
191S
C. Br. U. P.— F. c, 7s
1895
94I2 9513
Atch. Col. A Pac— Ist, 6s... 1905
Atch. J. Co. A W.— 1st, 6s. 1905 »
95
Lin.
Col.—
V. P.
A
Ist.g., 5s. 1918 101
Utah A North.— 1st, 73
1908
Gold,58
1926
Utah Southei-n— Gen., 7s ..1909 114 116
Exten., l8t, 7s
1909 114 11413
Valley E'y Co. of O.— Con. 63.1921
1041a
Wabash- Deb. M., scries "A". 1939
St.L.K.C.AN.- R.E.AEB.7S.1895 no's
iio J
St. Charles Br'ge— lst,6s.
1 908
No. Mi3.souri— Ist, 7s
1895 11638 117

113

West. Va. C.

68
119
105

75

IO8I2 109%
IO212 I0314

80
90
40

92 la
52
15

90

if

62
17
I2212

116
102
'IOII2

118
100
94
58
74
90
60

II912

120
103
110

70
100

98
113
'

105%

53... 191

Pitts. Y. A Ash.- Consol. 5s. .1927
Presc't A Ariz. Cent. Ist, 6s,g. 1916
2d income, 6s
1916
Rich. A Dan v.—Debenture 68.1927

121

111
II7I2

'

145
141

!

2d mortgage 58

'

118
100

C—

75
45
Si's

114

i

. .

. .

A Pitt9.— 1st, G3.19II

nilseellaneous Bonds.

Am. Water W Co.— 1st 6s
102
107
'IIOI3

61

63

78
106 14

SI

,

V

1121a

109

,

A

,

.

116

1905
Springfield Div.— Ist 73
1932
General 58
Ohio River RR.— Ist, 59
1936 100
1937 91
General mort., gold, 58
1921
118
Ohio So.-Iacome, g., 6s
Oregon A CallToniia— 1st, 58.1927
Oregon Imp' t— Cons. g. 5s ... 1939 • 94
97
Oreg. Ey ANav.— Col. tr. g.. 53.1919
Pennsylvania RR.—
Pitts.C. A St.L.- 1st, cp., 78.1900 118
09
Pitts. Ft. W. A
l8t, 78.. .1912 *145
2d, 78
1912 \
100
3d, 78
1912
93
Clev. A P.— Cons., s. fd., 78.1909 I25I2
4tl),8ink. fund, 68
1892 104%
St. L. V. A T. H.— 1st, 6n., 78.1897 116
105%
2d, 7s
1898
2d, guar., 7s
1898 110
114
Peoria A Pek. Union— Ist, 6s .1921 112
1921 * 69
2d mortg., 4I2S
liPhila. A Read.— 3d pref. convert
471a
Pine Creek Railway— 6a
1932
iPitta. Cleve. A Tol.— Ist, 68...1922
Pitts. Junction— 1st Ga
1922
1932 115
941a iPitts. Mc. K. & Y.— lat 6s

Ft. S.
V. B.
St. L. K. ASo.

. .

.

II8I3 Norfolk&West.— General, 68.1931
New River,l8t, 68
1932
110
Imp. A Ext., 68
1934
II7I3
1924
Adjustment M., 7s
103
Equipment, 58
1908
137
Clinch Val. IstSa
1957
Ogd. A Lake Ch.— Ist con. 6s.. 1920
OhioInd.AWest.- l9t pret.58,19B8
1938
Reorgan. r(:C.,2d, 5s
Ohio A Miss.- Cons., S.F., 78. .1898
1911
2d consol. 78

104
do.
Income,
82
871a Rome Wat. A Og.— Ist M., 78.1891 103
1925 49
St. Jos. A Gr. Is.— 2d inc
1181a 123
Kan. C. A Omaha— lat, 5s..l9'27 * 84
101%
St. L. A. A T.H-2d m. lnc.7s.) 894
58
30
Dividend bonds
1894
Bellev. A 80. 111.— 1st, 88...x896 1151.^
86
Bellev. A Car.— 1st, 6s
1923 103
Chl.St.L.&Pad.— Ist,gd.g.58l917 100
1071a
82
St. Louis So.— 1st, gd. g. 48.1931
117 119
do
50
130 133
2d income, 53. 1931
80
118
Car. AShawt— Istg. 48.... 1932
107
St. LoiilsAChic— lst,con.6s.l927
St. L. A I. M.— Ark. Br.,lst,7s. 1895 IO5I2
98
ii'z'i^
St. Lou A S.Fran. —Equip., 73,1895 101 12
General 5s
1931 102
lat, trust, gold, 58
32
1987 90
Kan. City A S.— 1st, 68, g...l916 95
108

. .

—

I

115
'118

.

Ask.

Cceurd'Alene.geu.l8t,g.,6s.l938 104
Cent.Washlngton- lst,g.,6s.l938 1061a
118»8

92

Ill's

C—

Bid.

Northern Pacific— (Continued)
I

'1151a
2d, extended, 59
3d, extended, 412S
4th, extended, 5s
102
5th, extended, 48
I35I2
Ist, cons., fd. coup., 7s
112
Reorg., 1st lien, 6s
I36I3
B. N. Y. &E.— 1st, 7s
N. Y. L. E. & W.— Col. tr.,6s.l922 110
1969 881a
Funded coup., 58

Income, 6s

8ECUB1TIE8.

Ask.

E. Tenn. Va.

Railroad Bonds.
(Slorl:

Bid

SECURITIES.

Ask.

'IO6I2 108
'106

1907

1907
l8t con., gola, 5s
Boston Un. Gas— Tr. cer. 58.. 1939
Cahaba Coal Min.— 1st g. 7s. .1907
Col. A Hock. Coal A I.— Us, g., 1917
Consol'n Coal— Convert. Gs...l897
1905
Equitable G. A F.— lat 63
lluckensack Water— lat. 5s.. 1926
Ilouderaou Bridge— lat g. 68.193)
1901
Iron Steamboat Co. 6s

—

102
110
101
105
99
104
1103e

* 80
•..»
Northwestern Telegraph— 7s, 1904 104
People's (Jas A Coke ; l9tg.6s,1904
105
Co., Chicago
97
5 2d g. 63,1904
I0514 IO6I2 Philaaelphia Co.— 1st s. f. 6s. 1898
112 ilWest. Union Tel.—7a... 1875-1900 11213

122
103
108

•

June

7,

THE CHKONICLE.

1890.]

797

Qnotationsin Bo8ton, Philadelphia and Ba\timor-.— Below

%ntjtstmtnt

are quotations of active stocks and bonds not generally quoted
in N. Y.
A full list is given the 8d Saturday of each month.

SKCURITIES.

8ECUBITIE8.

Did.

BOSTON.

STOCKS.
Amor.

LehlBh Coal A Nar
LehlKh Vallev

60
60
236
Little Hchnylklll
60
48V. Minekill A s. Haven... 60
220 >9 NcsunehonluK Valley,. 60

par.

I

234
Aloh. Topekii & H. Ke IW)
4b
Boston 4 Alhauv
100 2'.i0
10<l 174
Boston * Low ell
Boston & Maine
10(1 'JOO
Boston A Provirtcnco.'.OO 261
IliillTil(.i)Iionn.ll'ii

California Southorn.,.l(to
Central of MusBaclis'tsl 00
Proforrcrt
100
Chic. Burl. A NortU'u.lOO
Cblc. A West Mich. ...10
Cln. Sand. A (Icv.,cflm.50

19'4

iVt

MauchesterALaw'nco 100
Mexican Central
100
N.

V.AXow

A Con

MAS

r,-)?-,

128

I

HI",

Cons., 6.S, c, 1905..
Cons., 58. r„1919...Q-M
as.Tr. Loan,1913.JAD
Perklomen. 1st sc. 5s, '18.

75
8

Exempt,

«a. 1918.. .JAJ
Non.exeui. 6s, 1918
*li'6
Plain 4s, 1910
« 89

JAJ
JAJ

Imp., 68, g., 1897. .AAO
104
Con., .58. 1922 .stamped)
2dBs, 1918
JAD 103 104 Phil. W.AB.,4a,1917. AAO
Deb. 68, 1896
102
Pitta. C. A St .L., 78.1900
JAD
Cll.AW.Mich.,Ken.5s,1921
94 >i Pough. Bridge, 6a.... 1936
Con. of Vt, 5s, 1913. .J*
88'4 89
Schuyl. H.
S., 69. 1935
Current River,l8t,,'>s.l927i
Steuben. A Ind., 1st m. ,5s
Dot. Ijins.&Nor'u, M. 7a. 'loe
UnitcdN.J.,«8, 1894 AAO
106
Eastern, Mass.. 6a, 1906.. 125i«
Warren A Frank., 1st, 78.
Fre,.. Elr, A M. V.,.lst,Ss
i23' West. Penn., Pitta. Br.Ss.
1j nsfd l8t,es, 1 933 A AD
Consol.. 4a. 1928. ..JAD
K.;C. Ft. ScottAMera., Cs
116
BAI/riltlOU.£.
K. C. MemphisABinu., Ss
STOCKS, t
99 *
Par.
K. C. St. Jos. A C. B., 78..
Atlanta A Charlotte, loo
K. C. Clin. A Snrinfffl'd.os
Baltimore A Ohio
100
Little KockAFt. Smith. 78 * 99'4 99=4
lat, pref
100
LouiST, Kv.ASt. I..,l8t, 68
2d pref
100
Mar. H. A Ont., 6si, 1U-J5..
Central Ohio, com
60
Exten. 6.S. l!.v3 ...JAD
Char. Col. A Augusta. 100
Mexican Ceu,,«8,19] 1 J AJ
50
76% 76 li Western Maryland
Ist, con. inc., 3«. 1939...
RAILHO.Vl) BOXDS.
4334 44
2d eons, in . 3s, 1939....
31=4 32 "4 Atl. A Char., 7s. 1907. JAJ
N. Y. A X. En(?.. lat, 7s...
Income, 6', 1900. AAO
125
ls( mort., Os, 1905.. JAJ
116 Bait. A O., 4s, 19.<5.AAO
2d mort.. 68, 1902. .PA \ 106 V
Consol., 6s, 1988... FAA
2d m., 9Caled,5s,'02.FA A
Bait. * O. S. W., 4 Vj8 J • J
Ouden.AD.C., Inc.6.s,1920
Cape P. A Yail., ser. A,6a.
Kntland,l8t.69,1902JlAN 'lia
,Cent. Ohio, 68, 1890. MAS
2d, £.8, 1898
PAAhlOOHl --- Char.Col.AA., l»t,7s,1895

"a

40

&

Clu. April

108
102'ii

3d wk May
Half owned
Total system 3d wk May
Atlanta J^ Char. March

I

May

A.tch.T.*S.Fo. I^lwk

mos

loovi

100
119

E

»
Alleebeny Tal.. (April
AuDlston A Atl. April
Aniiistoii

81

1890.

1889.

i

I

'.j'

82
lOJii

108
106

110

93 S
105

103
128

118

.

AtAiita

& Flor'a

Atlauta&W.Pt.

i

Dauvillo.
Atlantic A: Pac.
B.&O.Ea.stLfucs
Western Liues
Total
Atl.

April.,
April..

April
Viir:

idw
3d
wk May

I

169,766

12,059
6d5,02«
33.235
688,261
139,019
7,168
27,699
44,000

9.286
456,410 11,0IM),962

7,1741

20,609,

53
12>4

13>i

12-2S4

104

123
I

135.616;
5.295

.

24,535
26,000
48.827

59,3.57

1,309,016 1,246,326

April..

.

.March..
Central Pacltto
1,100,099 1,155,007
H,H59
9.492
Central of 8.C.. .March..
Centr'l Vcriuont Wk May 3
56.369
54,732
Char.Cln. AChtc March
12,521

CbarlesfuASav

April..

March

April..
April..
April.

W

.

.

i

I

1

I

;

Mwk

'

.VI

1

1

iW

.

1

.

1.079.811

36,214
1.59,238

April
April

'

.

1.1.53.6?0

62S,!).MI

4tiM,923

3,813,780 4,9'29,288
462,300 385,809 1.717,309 1,483,744
1,971, »16 1,632.135 7,531,089 6,413,032
52,03(1
910,.^j33
Bal.40.8outhw. 4tnwk May
57,380
812 680
Bait. A Poioiu^e April..
143,722 153,294
531,820
526,389
Beech Creek
April..
81.359
51,478
325.114
262,928
Bir.Selm.->&.V.O. March
1,600
1,509
5,640
4.747
Bnft.Koch.A PIU 4thwkMay
59,675
51,748
773,454
797,307
Bur.C.Rap.&N. 3d wk ay
58,2.55
49,888 1,114,841
989,027
Burl. A Jiorthw. April..
3,753
3,677
17.781
17.833
Burl. & Western April..
4,236
4,625
17,530
16,689
Camden & Atl .\i)ri1
16-(.214
54,334
45,325
149,188
OauacUanPacitlc 4thwkMay 407,000 351,000 5,486,893 5,114.133
Cp.F'r&Yad.Val April..
38.754
27,725
171,406
130,092
Cen.l4H.&Bj;.Co Miirch..
63J,285 605,00!1 2,228,060 1,955.111
Central of N. J.. April..
1,079,709 980,234 3,701.992 3,769.449

Char. Sum. & No.
(aiat.K'meACol.
Chatt'u'gaUurii
Cheraw. & Darl
Che8.&01ilo...
Ches. O. & S.
Cne.i. & Leuoir

I

(

152,928

674.598
34,029
33,360
8,981,215
380,447
9,361.652
399,623
27,20S
150,601
94.911

483,018 11,719.912

57,138
51,760
5,041
3,294
25,107
19,854
lOlH,!
8,910
8,387
lOii-j 106
4,872
5,808
101
lOl-^
4thwkMay
223,196
158,681
iU0»4
.\l)ril
120,459 145.813
PUII.AnKL.PllIA.
Cln. Wash. A Bait., ista.. 101 '4 lOJ
March
STOCKS, t
6,334
6,196
Par,
Ga. Car. A Nor., la b 5a-. 103>< lOlhi
C'.lmdenA Atlantic, pref.50
Nor'n Cent., Bs, 1904.JAJ
Chic. & Atlantic. 4thwkMay
34
l.O
66,770
53,932
Catawlssa, 1st, pref
50:
5s, Ser. A. 1U2G
112
58
JAJ
Chic. Burl. & Q' April
2,513,760
2,742,084
Del, ABound Brook. ..100
Sea .'d A Uo'nke. 5s, 1926
172
Chlc.A East,
t. III. ItnwkMay
67,779
52.36b
East Pennsylvania
West. Md., 3dgu.,6a.l900 ii'ii 'l!!!!" Chic. Mil. ASt.P, 4thwkMay
RO':
56
636,500 661,72^
HuntinK'nABroad Top.50 22'^' v3
We9l.Va.Cca. A P., 68.1911 1.0-\'lll
April
2,'208.926
Chic.
AN'thw'u.
1,837,256
Prefe red
50 48'">. 483.1 Wil. CoL A Aug., 6», 1910
5,41"
Cblc. & Oh. Riv April..
5,113
* Laat orice thia week.
X Kx-dividend.
t Per share.
29.235
Chlc.Peo.ASt.L. Matvh
33,088
3d
wk
May
54,576
Chic.St.P.AK.C.
80,088
N. T. and Brooklyn Gas Securities—Brokers' Quotations.
Chlc.St.P.M.AO. April
538,075 450,384
31.41^
GAS COMPANIES.
25.011
Chic. & W. .Mich 3dwk May
Bid. Ask.
GAS COMPANIES.
Bid. Aak
April
16,520
8.670
Chippewa Val
Brooklyn Gas- Light
118 122
People's (Brooklyn)..-....! 92
5,229
3.'.><>-J
Cln. Ga. A Ports. AprU
Citizens' Gas-Liglit
83
Williamsburg
82
128
11,372
lO.B'iOl
Cln. Jack. A Mac 3dwk May
Bonds, 5s
100 103
Bonds, 68
1108
112
67.64:
Cln.N. O. AT.P. 3d wk May
80,117
Cou.soliilated Gas
102'4l03'4 Metro^tolitan Brooklyn). 108 110
28,779
Ala. Gt. South. 3d wk May
32,509
"I
Jersey City A Hoboken. 170
Mauicipal — Bonds, 78
16,319
N. Orl. & N. E. 3d wk May
19,871
Metropolitan— Bonds
Fulton Municipal
114
118
138 142
6,621
Ala. & VIcksb. 3d wk May
6,463
Mutual (N. Y.)
Bonds, 69
114
loo 105
Vlcks. Sh. & P. 3d wk May
6,598
Bonds, 6a
6,188
102
Equitable
10!)
123
126
Kassau (Brooklyn)
Bonds, 68
Erianger Syat.
May 145,148 125,959
123
108
111
Scrip....
too 102
Cinn.Northw'u. April.
1,426
1,395
Cin. Sel. A Mob. April.
6,002
4.319
New York Stock Exchau je— Unlisted Secarities.
Cin.Wab.&Mlch. April.
42,723
4«,225
Clcv.Akroii&CoI )d wk ay
14,008
16,497
Clev. & Canton.. Aurll
32,546
41,935
Bid. A9k.
8ECUKITIK8.
8BCUBITIKS.
Bid. Aak.
Cl.Clu.Ch.&S.L 3d wk May 258,128 242,691
Clev. A Marietta April
21 2*2 i
25,034
Alabama A Vicks
3D
L.N. A.AChlc.(C.* I.ltstCs 107
33
Color. Midland.. 3(1 wk May
3l!l22
40,250
92 K L011I9T, St. Louis & Tex..
90
do.
69
HoriphlsA Cha'st. consola lis |i26
Col. A Cin. -Mid.. 3d wk May
6,559
do. 2d 5s... G7
5,891
<,4
M»x Nar.Oonstmct'n Co.
Am. iiank Note Co
42
Col. H. V. <t Tol. May
258.902 196,753
•15
15 1< Mo. K. AT. new 4s, W. I.. •"81 Vi 81H.
t'uliisa & Lake. April
1,134
1,515
-28>. 28)4
'Jdiorts., W. 1. «54\ 64',
do.
Am. Cotton Oil C»
Covlu. i&Macuu. April
0,304
8,147
•29'^ 30 >,
do. pref
do.
pref
66>4 68
Day.Ft.W.ACh.. April
37.523
41,997
16
Mt Do9.« East Sh. Ld.Co. 100 12^ Denv.
Am. Pig ton Stor'ge war
& UloQr. 4tliwkMay 236,000 217,380
N. 0. Pac. Land uraut... 24
26
Atch.APike'aPcak, st Os.
Deu.Tex.AF.W. March
238,707 202,429
17
All. A Char. Air Line
"ei" yi" .Vewp. N. A M189. Val...
Des M. ,t N'west April.,
16 990
11,771
124
122
N.Y'. V.'.S.A Bulf
12,160
,40
34
Oet.BayC.AAIp 3dwk May
1 1,978
».Y. * Green a Lake, l»t 31
Brooklyn Elev*d—atook.. 37
33
31
8
Det.Lans'K&No Mvik May
18,880
21,195
65N.Y". Loan A Imnr
CfJifornlft Pacific
.....
It's
DuluthS.S.AAtl 3dwkM»y
.53.106
51.64
N. Pac. P. d'Oretlle Div.
'Cin<:lr'natl A Sprmgf
1
B.Ti>im. Va. AGa. .March
534,459 454.629
Mo. Dlv., Ist 6»
Corastock Tunnel
0.17 'oVs
Do.
...
Knox v. A Ohio! March
49.501
55,332
Ist income 4s
29
North RIv.cons. Oo.sorli..
Total svstem.Uld wk May
115,196 100,429
O.I.AW.-l9t acc'nt.cert.
87
Continental Cju. A Imp..
69.013
Eliz.Lox.iB.8...!March
62,670
... ..
29
32
do. Trusteed stock
2d ace. int. cert
19>i 2'l"'
Evaus.Alnd'pllf<UthwkMay
7,880
7,0?2
47'8
N.
Co.
.46^
Ocean
Pier
A
DUtilhng A Cattle F. Co
"
25.146,
Evausv. A T. H lihwkMay
27.693,
104
Bui. 8. Shore A At.— 8ik.
Ocean SS.Co.-lst, guar.
4
24
Penaaoola A Atlantic...
April
507.402
439,444
Pref
Pltchburg
6<t
.??*
Qeorgla Fao.—Stock
Postal Telegraph— Cable -34
4.3.776
Fliut.&P. Marq, 3d wk May
56,380
113 iisij' 8t.L.Ark.AT,l8t4s,W.I. '78 "ia'Ct
lat 69
21.401
19.366
Flor. Cent.* P. 3d wk May
2d 49,W.L '47
78-4
Consol. 58
do.
^
2,040
Ft.Mad.AN'w'n
March
1,604
Tr.reCT
J.allaeat.pd.'
I4Je
tI5
2a -a'
Income.'>s
do.
25.742
Ft-W.CIn.
March
26,868
AL..
107
St. Paul K.& i.r. rr.,l9Vrt»'104
7.071
3.902
Ga, C'ar*la A No. March
i
Toledo Poor a A Weet... * toi*
4
Ga. KR. A B. Co. March
152,387; 164.830
lAblgh A WllkecOoal... 24
26
West. N Car.— Con.68 ....' 101
Geo. 8o. &Fla..lApril
50,9881
18.830
75
lattle R. A Mem. I9t5s... 74
45.(171'
41.140
Br. Rap. A Ind.. 3dwk Way
*jliiuii;abee ftCtiuU tales.
I

«
757,719
27,tW7
49.715

212,lg7i
6,073

.

I

1

Date.

1889.

.11

111

.

'

to Lalett

1890.

llO't

'IU434

Ch.B.AN. l8t58,1926AAO

Jan. 1

BOADS.
Weckorilo]

Pa.AN.Y.Ca. 7s,160BJ&D 127
Consol. 5b, 1939 ...AAO
llBi>4
85 H Phlla.AErie, Gen.5s.l920
69
Qen. m., 4s, 1920. .AAO
ioi
107 » Phil.AKead., Ist, 68, 1910
2d, 78, 1803
AAO 1101) 111
Consol. 7a, 1911.. ..JAD 128
129
Cons., 6a, g., 1('H..JAD 118

85
68 '<
107

Latett Earnings Reported.

-134 >a

l8t, 7a. 1896
Gen. mort.,78,1903.JAJ 131
N.Y.Phil.A Norf., l8t, 08.
Income, 6a, 1933 AAO
Penn.. Oen.68,r,1910AAOI

JAD

BONUS.

RAILROAD EARNINGS.

115-4 116<,

North Peun.,

loi-

At.Top. AS.F. Oen.48, JAJ
Income, ,).<, 1989. Sept.!
Bur. AMo. Hiv,l.gi-.7s, 1893
Burl. A Mo. Kiv. in NeD-

70

136^1

1910...
Cons. 6a. re(;.,1923.JAI)

2d, 78,

120

i

K.\ILKl)AI)

68, Bold, 1897... 15 JAD
Consol. 7s, lull ...JAD
Leh.V., Ist, 6s, 189J.JAD

30^ 80 la

167
Portland SacoAPorts.lOO '135
IliitlamI
100
Preferred
lOO
72
Summit Branch
50
WlscousinCentrai.pref (jO "tfo'
lit. 'Palls

%nUlliQtncz.

'

29
60
165

118

J:ng.,pref.l00

Northern N. H
100
Opdens. A Lake Cham.li'O
Old Colonv
100
Ports,

46
28

•

09 '4
55

Elmira A Wllm.^ l»t, 6».
121
Huut.AB.T., Coll.fa,1895, 102'4
Loh.C.AN..4li8,1914.Q-Ji 109

AM..100

*

gaitoad

63 <•

I

.

K. C. Mem oh. A Birm.lOO
Loulsv.Evausv.ASt.L.lOO
Preferred
100
Maine Central
100

{

The iBmsTOBS' Supplkment, a pamphlet of 100 paget,
oontains extended tablet of the Funded Debt of States and
Oities and of the Stocks and Bonds of Railroads and other
64
Oompanies. It is published oTt the latt Saturday of every
West Jersey
60
60|
other month—viz., January, March, May, July, September
West Jer«eyAAthintlc.60l
44
Woatern N. Y.APcnu.lOOl 11\ 11* and November, and is furnUhed without extra charge to
BOND.S.
all regular subscribers of the Chro.mcle. Extra copies
AUcgh.Val., 7 S.lOs 1896 nil.
Inc., 7s,eud. coup, 1894..
33
are sold to subscribers of the Curomclk at 50 ce/jts each
Atlau. City, 5s, 1919MftN! 10 »
Belv. Del., Ista, 6s,...1902'
10(>«
and to others at $1 per copy.
Catawlssa, M., 7a, 1900... 12m
9.1
Char.Cin. A( '^Ss, 1947,Q-J
94
The General Quotatl>ns of Stocks and Bonds, occupying
ClearfieldAJefr., l«f, 0»... 117
CouneilinK, 6s, 1900-04..!
six pages of the Chuoniclb, are now published on the
"4
Del. A lid. H., l»t,78,1906 132
Eastou A Anibov, M., 6a.
116
thlr«l Saturday of each month.

Cleveland A Canton .100 '
Preferred
28'»
100
Conneotlcnt APaisunilOO 'I'D
Conneclicutlllver
lOO 216
Detroit I.ans. A Nor.. 100
Preferred
V-0
Eastern
100 160
Preferred
149
100
Fitchbur^, prof
100
FlintAPern Mar<iu't-.100
81
35
Preferred
102
100
Kttn.C. Ft.Scott

63

Nortliern Central
60;
70
Noith Pennsylvania.. ..60 8«
Pennaylvaiiia
60 53T„
IPhllacfelphla A Erie. ...50
35»s
United Co.'s of N. J. ..100 829

3»
40
40

I

AMD

Aak.

Bid.

2,843.199
37,170

3,204,9.'>O

31.696

32,787
271.50'

229,957
14.977
9,013
113.60
70,881
32,130
30,406
29.0'.)0
34,794
2,939,093 2.192,820
603,977
640,730
19,121
19,712
1,101,903
871,179
11,209.650 10,048,716
1,192.73
1.042,330
9,664,277 9,101,714
7,767,829 6,904,794
21.689
25.830
95,205
80.704
1,625,779 1,027.888
2,007,773 1,778.916
565.652
523.335
16.763
222.762

17.894
207.767

1,608,948
723,544
457,051
244,639
215,815
3,249,997
6,174
23,147
170.818
300,281
147,241
4,787,537
83,097

1,354.154

631.976
385,875
211,060
203,731
2,836,805
5.359
38,369
153,524
2.59,258
12.-),.308

4,508.603
80,355

588,875
126.318
905.180
5,308
32,583
165,020
153.878
3,091.596 2.871,203
529,329
731.507
48,895
67,820
207,169
19.S.25S
398.1S3
430.537
649.000
555,650
682,vl61

121.465
1,060,530
6,337
45,827

1.661.580
149,639
2,648.613
176,310
100,326

1,335.428
149,002
2,234.272
207.385
103.767

380.675

343,333

1.904,467
1,213.260
491,185
5,273

1,699,121

203.994<

948.891
461.403
5,555
67,068
1I,59»
507.77a
74.415

939.717

S3'7.734

74.682
17,772!

520.611

THE CHRONICLE

798

Jan.

Latat Earnings Reported.

BO AM.

Week or Mo'

Gr.Kap.&lud.—

1S90.

1 to

LattiL Earnings Reporleti.

Latest Date.

1889.

1890.

1889.

rvoL.

1890.

WecJcorMo]

Ro.\D.

Tan. 1

1889.

1890.

to

Ij.

Latest Date.

1889.

I

34,456
14,189
34,8331
170,588 Spar. Un, & Col March.
11,046
165.938
8,710
80,«47
79,766 'io. Pacillc Co.—
3,577
(iiil.llar.&a.A. April
301.364 308.242 1,273.644 1,217,476
53.427 1,186302 1,0.S3,088
Louis'a West. AprU
348,293
326,984
74,122
86,504
3i)3,064
372,258 7,534,917 7,160,129
9rii;a TriiuK. ..
Morgan's
LA'T April
434,023, 458,494 1,679,723 1,715,859
64,100 1,516,387 1,300,561
,
e9.974
cm? AGr.Tr WkMay24
N.Y.T.&Mex. April
51.551
39,136
412,235
374,908
16.162
13,497
18.785
17,582
Oi.t.'^Jr.H.iM. Vk May 24
.„„„,.„
...
482.109
69.63Z
Tex. & N. on April
589,058
31.508
87,704
123,308 118,951
36,551
Or. B. W. & StP. vtarch
Atlantic sys'ui April
13,675
15,370
961,660 973,306 3,942,268 3,781,565
3.837
3,779
Quir >Si ciiicago. April
331,811
244,229
Paciflc system March
'2,538,468 2,525,809 6,681,790 7,307,166
129,857
87.591
.Vlarob
HoiiHiitouic
45.500
39,647
Total of all
10,300
8,t)90
'3,552,032 3,452,029 9,665,398 10, 115,424
March
Hiiraeat'n&Shen April
l,07t),32r>
972,840 4,503.379 4,261,058 10. Pac. UR.—
Ul.CVu.dll.&So.i April
(i,9i>3
28,667
409,642
7,525
24,547
So. Div. (Cal.) March
1.38,273
398,656
1.53,114
Ce l:irF.&.«in, April
141,59.5
587.622
507,770
117,5'i2
So. Div. (Cal.) March
535,335 489,073 1.420,906 1,450,182
Du''. & Sio'iC- AprU
501,113
612.169
536,437
Arizona Div.. .March
478,766
148,498 125,107
168,274
181,728
April
Jow I hues
247,681
5,117.548 4,797,495
New Mex. Div. Maroh
240,117
1,224,821 1,097,91'
92,39'
81,979
Total all.... April
133,464
124.393 Stateu 1. Rap. T. April
208.270
24.269
216.723
38,024
62,935
64,127
Ind.Rjc.&West April
391,649
130.000
518.402
333,801
Summit
90,009
Branch.
258,235
(Mx)
80,467
Apiil
April
73,591
Interoo'iilc
284,487
633.383
562,790
41,973
33,099
Lykeiis Valley April
260,917
62,000
94,987
Iowa Central.. 4tBwk.May
31,128
3,'SO
3,059
13,433
15,632
Tal.&
CoosaVal.
26,506
April.
5,955
April
Iron Railway...
6,889
58.312
45,758
39,746
240,138
219.522 Tcun. Midland.. April
63,365
12,964
14.968
J-fe'uv.T.&K.Wi/ April.
95.1:^2
6,555
4,639
109,036
2,462,382
May
Texas
Ohio
wk
&
Pacillc
1.56,629
2,727,570
3d
4tliwk May
167,293
Kanawliatb
373,388
132.934
5,923
3,610
92.388 Tol. A A.&N. M Ithwk May
22.635
469,886
28.320
Kan.C. Cl.cfeSp. Istwk May
93,826
87,532
73,647 1,632.7'
1,567,362 Tol. Col. &Cin.. 4thwkMay
125,363
6,720
9,401
K.C. K.e. & Mem. latwk May
41!>,766
18.849
14,611
472,788
359,600 rol.A Ohio Cent. 4th wk .M ay
522.280
31,721
37,295
K.C.Mem. &Blr. 3d wk May
29,639
IW'
47,80(
57,120
30,690
99,
Tol.&O.Cen.Ex, .\pril
7,036
32,598
8.571
K.C. Wy. &N.W Febr-iary
338,488
81.58;
73.3.55
306,545
289.726 Tol. P. & West.. 3d wk May
353,010
20,344
Keutiick.'^ 'ent. April
20,381
332,231
7,260
131,803
121,090 rol.St. 1,. &K.C. 4tbwk May
590,565
5,804
18,339
Keoiulc& ><e3t. 3dwk .May
33,120
6,242
5,897
6,419
48 850
55,971 Tol. &So. Haven. April
7,345
Kin!?8t'n &Pem. ithwk Apr
1,618
1,845
18.008
13,'.i00
49,974 Union Pacific
60,248
Knox. & Lincoln April.
20,415
20,691
5.445
5,219
Or.S.L.&U.N. viarch
646,269 450,153 1,380,322 1,311,150
t. Krie AJI.&So April. ..J...
8:i,5.57
861.890
60,403 1,056,162
966.873
652,049
4thwkMHy
Or.Ry.&N.Co. March
14. Uric & West.
303,137 339,405
427.993
131,976
94,505
605.408
31,711
22,876
24,441
St.Jo.&G'dlsl, 3d wk May
33,.573
I.eln'^hifc Hud.
'ay
169,526
233.732
8,567
10,001
207,390
60,200
208,698
Den.Lead.&G, .March.
75,770
L. Koci! & Mem. 3d wk May
vlay
329,284
281,00-.i 1,215.420 1,083,549
All oth. lines.. March.
Loa? Island
2,054,710 1,667,523 5,134,244' 4.489,020
67.4 12
Loul9.&Mo.Rlv. Fol)riiary
33,880
30,036
58,391
Tot.U.P.Sys. April..
3,547,729 2,828,926 12,064.472 10,431,289
172,456
453,1-5
459,181
337,243,
32,456
31,868
Lonl8.Ev.&St.I.. Ithw k May
59,287
Cent.Br.&L.L. March
132,721|
Lomsv.&Nasliy. Ithwk May 517.6511 461,595 7,623,562 6,920.286
Tot. cont'ledl.March
3,359,878 2,671,616 8,088,185 7,275,741
168,700
59,265
911,191
878,453
189,638
68,553
47,093
Lonls.N. A&Ch. Ithwk May
73,736i
Montana Un March
7,292
1,03'
4,041
1,124
3.744
7,857
2,356
Louis. N.A&Cor April
I.eav.Top. & 8.! March
3,073
7,946
40.765
8,753
40,691 1.019,33? 1,004,377
2,619
touiar.N.O. *T. Id wk May
Man. Al. A Bur. March
3,181
91,968
151,629
103,123
<I«ii.8t.L.&Tox. ithwk .May
13.750
7,770
Joint.own'd.ia March
26,035
39,995:
7,367,709
62,526
29,56
27,345
59, ^2
2,697,651
8,191,308
£iOui8v. Soutb'n. Kebiuary
Grand total. Maroh
3,399,873
52,040
20,928
6,300
570
53,329
Xynohft.&Dur'ni April
14,921
Vermont Valley April
15,192
703,174
664,997 VVabasn
MempUis&Cba!! 3d wk May
37,74!)
2 ,033
l4lhwkMay 308,000 339,700 5,103,025 4,676,133
184,600
184,277
IMexlcanCent... 4thwk May 177,075 192,086 2,7l2,6i6 2.602.480 Western ol Ala April
32,309
32,425
372,020
416,962
105,777 1.597.753 1,535.609 West Jersey
JMex. National 4thwkMay 100.83
120,083 109,490
April
224,711
70.86-J
269,495
75.913 1.264,451 1.391,635 W.V.Cen.&Pltts. April
57,879
IMe.xican R'waj Vk Apr. 2t>
72,091
1,242,880
1,402,862
kll.USh.&Weai 4th wk .May 133,233 105,995 1.375,287 1,189.179 West.N.Y. & Pa. ithwk May
92,900
96,100
356.434
604,823
450,500
48.445
32.410
443,597 Wheeling* L,E. Ithwk May
22,S70|
Itilwankee & No 4thwkMay
30,972
254,553
lO.OS'd
33,054
32,900 Wil. Col. & A"g.
296,898
8.179
77,800
Mineral Kaiige April..
arch
89,758
442,765
379,635 Wlsconain Cent Ithwk May
100.59(
93.537
125,400 1,890,620 1,462,283
Hinneap. &Sr.1.. April..
146,214
25,48
&8.a.M.
423,285
147.11J
636,494
29,807
M.8t.P.
98,058
5,972
May
6,373
Wri.?htsv.&Ten. .Vprll
563,700 526,700 2,345,573 1,9S8,.527
Ko. Kan. &Tex. April..
*
separately.
reported
formerly
controlled,
1,
lines
Including
new
'.'59,241
1,334.51
obUe&OUio.. May. ..
295.733 243.579
i/Maln Line.
127,044
t Mexican cuircncv.
Monterey&M <1 April
35,644
Wasti.Ch.&St L .\pril
277,144
258,288 1,136,227 1,117.834
9,671
99
1995
9,38
»at. RedK. &T. April
Ldt»t8l «ro88 Earnlnsrs by Weeks.— The latest weekly earn293,930
273,831
Kew liruna^^^!Ck April
91,966
74,572
inss in the foiegoing table are separately summed up as
7,5,394
65,926
20.739
19,094
W. .Jersey ijN.Y April
foDows;
10,462
11,216
K. London Nor Wk May 3
12,66'
54.751
JfewOrl. &Giili|\pril
49.874
13,869
For the fourth week of May we have the returns of 44
3,128,094 .892,851 14,724,8 3 13,668.701 loads, and the aggregate gain is 11-32 per cent.
K. Y. C. & H R. vay.
8,300.517
.702.392
2,345.75
1,953,733
H. \. L. E. & W April
•590,320 52,:i,841 1,714,121 1.422,'2!)2
R. y. Pa. iOliio March
Decrease.
Ittcrease.
1889.
1890.
481,852 422,113 1,767,330 1.643, iOl
K. Y.&N. Esg April
ith tteek of May.
172,17!)
168.320
r>0,467
48,416
K. Y.iNorth'n. April
644.322
*
746,613
». Y.Ont.&W.. 4tnwkMay
54,859
50,925
52.030
5,350
413,236
374.226 Biilt. & Ohio Southw
57,380
H.Y. iSusq.& W.. April
122,095
98,479
31,748
7,927
59,675
KorroU< & We.st- 4th wk May 112,839
88,266 2,486..590 2.053.699 P.ntfalo Rocb & Pitts
56,000
351,000
230,443
192,073 Canadian PaciHc
407,000
BPUieast'B (9. C; March
78,132
60,006
64,315
158,681
223.196
NortU'ji Central. April
556.946 425.171 2.169.120 1.796.311 Chesapeake & Ohio
53,932!
12.838
66,770
orlUern Pacillr 4tliwkMayl 6S9,474 569,537 8.001,575 7.289,150 Chicago & Atl.vntic
15,413
52.3661
183,704 Chicaao »fe East. Illinois
Ogd.&LakeCli Wk Mav 3'
209,421
67,779
13,316
11,815
25,228
661.728'
2 13,428
229,344 Chicago Mil. & St. Paul..
636,500
OSlo ind. &
2 ,251
ithwk Feb: -25,302
18,620
1.330.179
217.38jI
Obto&MLs.s
1,642.243
...
236,000
82.020
4thwkMay;
78,178
Denver & Rio Grande
798
7,880'
7,03-.:
30,054 Lvans. & ludianap
61,105
Ohio & Northw. April
16,103
10,74 8
3,354 Evans, it Terre Haute
2,547
2,741
25,146|
82
971
27.693
UoL & MaysT April
33,099'
8,874
215,594
188.947 lowi. Central
41,973
OMo River
13,701
11,596
3d wk May
20.154
174,332 Lake Erie & Western
60.403
178,080
Obio Southern April
44,176
30.557
36,748
45,'242
31.868
588
73,425
OlJoVal. olKy. 3dwkMavl
4,329
32,456
2,133
Loulsv. Evansv. & St. L.
461.595'
56 055
200.876
141,035 Louisville A: Nashville...
Omalia&St. L.. April
43,781
30.853
517,650
944,695
928,270 l.ouiRV. N. Alb. & Chic...
39,265
9,288
Oregon Imp. Co. March
368,311 321,577
68.553
__
5,980
7.770
Peuusylrauia
13.7.50
April
3,619.357 5,032,370 21,033,475 18.778.408 Louisville .St. L. & Texas.
14,411
294,671.
192.086'
299,580
feonaDeo.iiEv. 4thwkMayi
25,440
23,8021
177.675
Mexican Central
4,940
172.663
1-8.454
103.777
ftUxxfUmxa
April
51,605
43,8911
100.837
Mexican National
27,233
103,995
fhUa. & Krie
AprU
475.017 358.852' 1.484.840 1.202.311 Milwaukee L.Bb.ik Wes*..
1 33.233
11.035
32,410
PhUa. & Read's lApril..
1,676,9961,381.5231 6,^!66,105 5,315,465 Milwaukee * Northern ..
43.445
11,0'22
50,9'25
3,934
6.138 .New York Ont. & West.
Pitts. Mar. A Cli. April
3,170
1,467
54.839
24,573
320.318 Norfolk & Western
332,655
PtMab. & Wcst'iJJMttrcb
115,706 116.386
88,266
lf2.339
42.1.59'
111,331 Northern Pacific
119,937
113.360
PUta. Cle v.&T March
43,0321
369,537
639.474
3,842
57.694 Ohio & Mississippi
Pltts.Pain.&F. Marih
16.9481
•24,403,
52.650!
78.178
82.020
1,644
Total system 4thwk May
869.506
869.406 Peoria Dec. & Evans
23.802
64.541
64.3091
23,446
232
110,816!
98,097 Pittsbnrg & Webtern. ..
64.309
31,81)6
n. Royal & An?. March
35,625|
64,541
'29,045
124,418,
122,511 Rich. & Danv. (8 roads)
Pt.Roy.&W.<;ar. March
40,174
199,930
41,526
£28.975
36,154'
31,553
Pres.&Ari7„ Gen. 'April
11.360
43,874 81 Louis Aik. & Texas
11,313
81,397
113.150
10,664l
^tooyO.&K.C. April
80,919 Texas & Pacific
19.897
19,183
136.629
75,382i
167,293
Weh.&DanvUle.<May
428.100 373.E00 2,198,566; 2.001.180 Toledc Ann A.& No.Micl
22.635
5,685!
28,3:0
»lr. Midland.. May
903,8271
196.500 17 7.900
796,.59!
2,681
6.720
9.101
Toledo Col. & Ciueinnal
CfcM.Col.&Au.May
386,423'
65.150
59-247
360,321 Toledo & Ohio Central.
5,574
31,721
37.293
0»LdeQreenv.'May
363,4)1'
47.100
301.770 Toledo St. L. & Kan. City.
14.781
41,025
13.339
33.120
31,700
West. No. Car. May
78,800
69,135
574,379 Wabash (consol. system).!
391,818!
339,700
308,000
731,485'
aeorgia Pac
May
125,200
98,:s6e
531,181 W esiern N. Y. & Peiin
92,900
96.100
W«ah.O.*W.. May
10,900
47.4731
22,8'0
9,961
41,583 Wheeling A Lake Erie...|
30.972
Aahv. &8part,iMay
10,100
8,972
32,269
46.501 Wisconsin Central
123,400
146,214
Total 8ya'm.'4thwkMay 228.973 199.930 5,073.'27ll 4,456,807
77,077
29,783
Slcli. & Petersb.|April
24.891
113.1411
97,204
608.683
(41 roads)
Total
2.-),775
560,485'
Kio Or. West. .!3awkMay|
33,040
498.3!:;8
531.606
Borne &DeoatutlApril
8,000
4,000
33,850
16,5u0 Net increase (1 1-33 p. c->l
Rttine W. &Ogd.'AprU.
333.505 261,398 1,243,128
984,968
Our full statement of earnings for the month of May will
••iag.TuflCOla&H. April
26,392
7,532
9,578
30,440
give below a preUminary sum8uLA.*T.H.B's'3dwk ay
24,290
19.817
147,368
370,869 be published next week.
«t.L.Ark.&Tex '4thwkMay 113,1.50
81,59'
1,449,321 1 ,206,722 mary for the roads that have thus far reportad.
St.L.D€aM.& N.April
•27,614
8,131
4,016
17,390
rii-rmi'.
P.O
1889.
1890.
Vnnth nf Umi
atUASanPran. Sdwk.May 125.853
90,329 2,234,338 l,992,90t>
GrosSniny roads) $23,876,251 $23,324,207 $2,552,017 10^94
BCPanl&Diil'th April
104,354
85,201
381,669
30i',69-<
«t P.Min.& Man. May
758.990! 620.211 3.134,589 2,704,305
For the third week of the month our final statement shows
JBaat, ot Minn. May
24,663
60,677|
198,342
87,738
10
•OS per cent increase on 87 roads.
MontjinaCcnt May
90,9481
72 061
378,18+
292,830
Total Bya'm. Mav
910,615! 716,935 3,711,115 3,084,893
Decrease.
Increase.
«..%jjt.&Ar.Pas3. 3dwk .Mav
1389.
38.679
26.130
406,302
565,873
1590.
Sd weeli of ^ay
•. irran.&.N.Pac 3dwk .Mayl
14.81l(
13.700
224,031
235.638
t)a,v.Ain,&Mon. April
$
22,127
15,135
87,870
62,166
31,914
SeattleL.S. &E, 3u wk .May
4,78?'
640,570
132,604
85.031 Prev'ly report'.! i73 roads) 5,234.012 4.625.386
8.695i
acl*»Val.<tN.E. 2d wk May:
198.616
12.841
227,660 AT.Top.AS.P. A- I'd ro.-ids
11,624
234,388
4.56.410
655.026
abcBsndoah Val May
110,000',
70,947!
489,737:
317,868 Cleveland Akron & Col
2,489
14,003
16.497
Aoath Carolina Maroh
434,201
387,^293
142.756 128,390.
14,767
100,429
115.196
East Tennessee Va. ifcUa.

wk May
wk May
3d wk May
>Vk May 24

iu..<.&Ft. W. 3d
H'lioi'Uues. .. 3d
.

•ri>t:il all lines.

6,753

4,67!)

58,503

I

I

!
,
I

.

I

—

I

;

.

. .

1

'

.

.

'

.

.

1

.

.

I

<

I

.

W

1

i

I

I

I

I

.

i

.

'

I

.

1

.

'

.

.

.

.

*

I

.

.

. .

.

j

We

W

.

I

^^^

$~

|

i

.

I
'

'

.

Junk

7,

lao

Tfif)

j

3d week of May.

1890.
_l

j<~
Florida R'way

&,

Nav. Co.

&

Llttlr KocJf
Mcmnlii •.
Ix)ul8v. Kvansv.
St. 1,

&

Memphis & Charleston.

.

A fir/isiaiirt
& T.H. Bodies
Man Antonio & Ar. Pans
Sim Fiaticlsco & No. I'lic.
Toledo Peoria & Western.
'.

Wet Increase 1003

14,611
10,001

4,238

"'3I7'

28,0331

9,7 «|
2,105'

13,.701!

ll.iiO;)

:)3

24.J41
19,817

.2<K)|

14 ,811

1.5,700

29,344

6,274,648

.'1,407,871

p. c.l

Boad

2,03ft

PuNacn;.cni

MuiUexprciH,

9,132
4,473
12,5<9

Oi>cr.

34,267

Grots Eanntu)>.

„

,

,

1889

Cliio.Bnrl.&Quiuc.v-.Apr. 2,742,084 2.5]3,7«0
Jan. 1 to April 30... 11, 209,650 10,048,716
Chlc. Peoiia & St. L. .Meh
33,088
29,235
Jan. 1 to Mch. 31...
95,205
80,704
Chic.

& West Mich. Apr

139,048
125,505
474,385
448,221
41,935
32,546
147,241
125,308
400,370
320,041
21,585
22,377
57,463
59,134
Denver* R.Grande. Apr
636,493
581,046
Jan. I to April 30... 2,377,696 2,230,323
Uet. Lans. & North. Vpr
100,526
94,2V
Jan. 1 to April 30...
367,257
343,831
Jan. 1 to April 30.
Cleveland & Canton. Apr
Jan. 1 Id April 30...
July 1 to April 30...
CJev. & Marietta. ...Muh
Jan. 1 to Mill. 31...

& Nashville. Apr 1.478,007 1,315,853
1 to April 3i)
6.061,357 'v.537,606
July 1 to Apiil 30... 15,783,514 13;844;8ei
Ohio & .^.i.ssi.^sippi ..Apr.
314,650
298,459
Jan. 1 to April 30. . 1,292,494 1,210,209
July 1 to AprU 30.
3,546,781 3,314,075
Philadelphia & Krte.Apr
475,047
358,852
Jan. 1 to .ipril 30... 1,484,840 1,202,311
Bio Grande West'n.Apr
131,006
104,268
Jan. 1 to April 30...
167,615
428,538
July 1 to April 30... 1,303,404 1,194,124
et.L.Alt.A r.H.behs.Mch
98,985
85,316
.Tan. 1 to Mch. 31...
285,430
244,182
Whitebrea-st Fuel Co. A pr
Jan. 1 to April 30
July 1 to April .30...
Ixiuisv.

Jan.

.

.

1890.

3,828,871
13,998
30,493

2.020,949
87.202

1,<I0I,8:)9

2,876,615
1,653,W12

2,4»e,31»
1,488,627

993,684

1.221,853

1.007,«ea

2,3 1,403

2,'.96,583

AOCOtl.^T.

188-

,

$
1.3,311

33,570
32,237
99,r95
11,135
38,483
100,646
6,816
13,454
2.52,123
187,996
873,495
703,580
33.675
29,179
97,911
74,218
496,148
444.441
2.240,720 2.117,522
6,295,106 5,332,200
77,766
70,465
326,198
29«,7C0
1,127,219
908,641
191,582
151,493
455,673
380,712
31,102
25,576
1 10,269
128,898
447,543
393,226
40,898
32,791
121,017
92,304
13,356
4,722
61,174
30,979
128,457
129,505
5li,39«

102.565
14,358
40,059
125,474
4,939
10,425

1880.

993,684
44,485

1,221,863
28,579

1,007,002

Total roovlpts

978,010

1.038,169

IHstntrt/nnciils
Int. on hds.
oar Ir.
Int. on float iui^ debt.
Int. toPa.RR.oul'Hu

1,250,432

1.036,027

916.925
42.832

979,557

984,020
23,758
24,086

»97,820
12,060
24,658

—

A

Miscellaneous

18,629
24,<M8

•22,.581

18,760

Total ilisburseiu'ts 1,031,068
Balance
def.53,078

3,118

.

.

Total assets...

;...

LiabiliticK —

Bills payable
IjCasc warrants

8pecial car trusts,
Interest on bonds

Other accounts
Profit

and

loss

Total liabllitiCB

-t.oio.roo

7I,9;<0

181,741
84,811

382,678

204,766
80,72«
249,113
133,603

29,160,610

29,151.295

29,I71.89.'>

9

4*

11.696,300
16.240,000
142,700
60,134
300,000
167,506
312,642
232.011

29,165,610

29,161,293

& Indiana

Ruilroad.

(jtaud Riipi' 8

11, (.86,3011

16.480.000
7li,30O

39.%7t9
306,047
217,320
29.171.8A&

CFor the year ending December 31. 1889.^
The leport sliows. that the gross earnings of the main
were $3,291,166, an imrease of $56,378. or 2-6 per cent.
penses were

«W

4.440,718

411 ,633

11,696,300
16,240,000
352,000
234,851
300,000
168,611
156,388
16,560

Funded debt

9
16.062.1

8,010,5<'0

Q

Stook

1889.

«

8,000,000
200,900

oca

•ur.

31.

16.060,847
4,440,718

4,440,7 1

Cash on hand
Bills and accounts receivable.
ProUt and loss

1.035,428

1888.

Agsels—
$
Constrnctlon and real estate.. 16,040,419

Equipment
Stocks and bonda owned
Materia Is, supplies and tools

2838A

1,022,234
1,034,082
snr. 15,935 Bur.'215,'45l

BALANCE MIEKT DEC.

8J 2,537
2,928,222

1888.

966, 169
11,811

MlBoellaoeoiui

1889.

»

3ZA

446,609
2,311,558
117, <88

I88C.

f^ei Eai'niHfja,-

813,31.')

'

1SS0.

«

41.Mll

906,1(:0

„ ^
Net eanilDKH

.•)25

2,031,420
1 ft.' ,022

WCOME

901,044'

188P.

325
*

*^

393,658

cxp.nnd taxes 1,395,234

Net eiu-nluBs

188'.

1,850,293
111,452

»7,

21.

1890

tie.

Total Krosa

866.7771

,

88(-.

.328
.

FiiUicLt

Net Edrnlnics Monthly to LatesiOaws.- The table
following shows the net earnings
reported this week. A full detailed statement, including
aU roads from which monthly returas 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 May 17. Tlie next will appear in
the Usue of
June

1

o|>erated....

BanttugH from

1

26.130l

20,,381

KAHNfMO* AND KXrwrnttf.

»

21. .'599

799

Oetnat.

$

•21 ,9i<;

38,.079

Total(87 roadHl

9
13,366

a

'.

liicreaar.

21 ,401
18 ,81!)
8 ,r)()7,

37 ,74(»

Ohio River
8t. Jo8ei>h
Bt. L. Alt.

1889.

v;hromiclr

line

Ex-

a decrease of $4,144. and the net w«k
$766,713, an increase of $62,.522, or 3-8 per cent, the increase
in freight earnings was $48,634, or 3 5. per ent. The tonnage
$1,.'>24.452.

moved was

1 ..'565, 159 tons, an incrcaee of 107,534, or 7 3 per cent.
The ttin mileage was 148,406.688. an increase of 495,50,'. or -3 jht
cent. The average earnings per ton per mile were 957 cent,
an increase of 030 cent, or 3-2 percent. The tolnl amount
*
nrladinii,' lines controlled.
charged to betterments for permanent, additicms to tlie company's proptrty has been $149,687, which is ^127.386. or 46
per cent less than in 1888. Of this amount $81.CC0 was for
payment upon the principal of the car trusts, under which
new equipment had been purcliased.
C<iliiinbii8 Hocking Vall^y & Tole.lo.
In the land department, sales for the year amounted to
^For the year tudiny December 31, 1889.^
$567,083. Amouut in sinking fimd is $2,443,335.
No bonde
The annual report for 1889 is only just issued. It states have been purchased, as they aie held at a price above the
that ''as compared with the previous yeai' there was a de- bmit fixed in the trust deed. " A large sale of pine in Miscrease of 8!379,314 in tlie gross earnings and of $166,177 in s.aukee County wa& made to Mr. Louis -Sands, which ivolv^
oijeiating expenses, notwithstanding the abnormal charge of the extension of the Missaukee branch to Lake Citj, a large
part of the cost of which is furnished by the purchaser.
$42,8-j6 to legal expenses on account of litigation incurred in
previous years. The net earnings are the largest since 1883, This is exijected to produce a valuable addition to our earnwith the e.xception of the year 1888, with which present com- in.gs. The sale to Mr. Sands includes a covenant to give the
entire transportation of the product of his mill to your comparisons are iDade.
"In May the Board of Directors i)roceding your present pany.
" The only increase in the funded debt has Ijeen in he item
Board sold two hundred of the consolidated six per cent
bonds, and applied tlie proceeds (1153,973) to liquidation of the of 5 per cent bonds, of which $303,000 were issued to the comthe then accumulated floating debt.
Pending litigation pany for betterment experditure-s to Unceniber 81, 1888. The
against your company, individual bond was filed, and by sales dm-ing the year have been $81,000, and the proceeds have
resolution of the Board the bondsmen were indemnified by gone into the treasury as a partial reimbursement for paydepositing with them securities of the comi)any, and undes ments made on betterment account.
••Tl'eiesult of the year's operations of the main line apthe aulhoriy vested in them thev sold fortv of these bondr
pears in detail in the income account. Analvsis shows the
for $20,000 iii Au^u.st this amount, still "held by them, is
reported as a ca.->'ii asset.
An item of $138,700, on account of net earnings to have been $766,713. against which there
discount on six per cent joint mortgage bond?, sold in 1886 Wiischat^d $737,';a5 for interest ou funded debt, and $57,and 1887, ai^d aiJttbcr of $12,.')00, on account of dividend paid 720 for interest on unfunded debt, advances to leased roads
in January, 18.3. hoietofore carried in open account, were and proportion of loss of Mackinac Transportation O).. causing a aeficit f<ir the year of $28,432, adecieasoof $.>I,:K4
charged to pioiit and loss account this year.
" The company has no floating debt, bills for all the steel from previous year. Deducting net surplus from our proprietary roads, tne deficit for this vear iias l)een $20,760."
rails, large orders for supplies, and taxes for the year, having
The operations of the Cincinnati Richmond & Fort Wayne
been paid. • * To provide for the increasing needs f the
Railroad show gratilying retults, both in the gross and net
traffic, your 2 :ard has contracted for five hundred additional
earnings, the former having increased $40.i>31, or 9-9 per
box cars, and tlicir early delivery is expected.
'•
and the latter $21,073, or 21-0 \>er cent.
Aft«r
It is gratifying to know that notwithstanding the unr cent,
favorable year. incid;'r.t to the unusually warm weather, and paynii-nt of the interest on the funded debt the deficit
in
operating
the
road
was
for
the
$8,932;
pievious year it was
to the demoralization in freight rates owing to excessive and
unwise competition, the road lias been able to earn an excess $31,518. The atuounts due the guarantors 10 the end of the
were
follows:
year
as
over ail exi)eiises and fixed charges, and lead your Board to
I

ANNUAL REPORTS.

i

I

;

(

believe that with a continuance of the policy inaugurated of
increasing facilities for travel, developing local industries,
and fiirnishincc increased e<iuipm(nt, togelhcr with its
strengthened alliances and restoration of remunerative rates,
we may hopefully expect a ntuc^h iniproveil revenue and consetiuent betterment of the property during the coming year."
Earnings and expenses and ttie income account and balance
sheet were as given below.

Granil KnpidH

cfe

Indiana RR. Co

Pennsylvania Co

^

Cincinnati Hamilton A Dayton KR. Co
Chica)i.o 8t. Louts * Pittsburg RR. Co
T'-t:'!

I

,..^.....1
...»......;;.
,

•.

$374,868
375!416
307 640
71514

¥1,123.434

• Those sums are the amounts actiially ad\anced by the
compaiues and interest on same to Na.'. 1, 1S86. sin^e whicii
date the annual cre<Ut of interest tias t3e<?n omitted."

THE

80O

CBLRONICLBL

Earnings, cxpjnses and charges for three years have been

8a follows:

EABNIKOS AND EXPENSE?.
1888.

1889.

409
_ ¥ ,„„

408
$
718,894

1887.

403

Miles operated

Eamtngs—

$

1,513,339
FrelKht
Mail, expresB aud misceUaneous*. 101,593

734,408
1,371,200
127,180

1,419,823
152,447

2,361,901
1,516,997

2,232,788
1,528,597

2,291,166
1,524,453

844,904
64-23

704,191
68'46

766,713
66-54

746.969

PasseiiKera

Total

Operating expenses and taxes

Net earnings
Perc. operat'g expenses to eam's.

INCOME ACCOUNT.
1888.

1889.

1850,533

704,191

766,714

715,600
8,646

719,428
47,443
17,138

737,425
54,553
3,108

724,246
sur.126,287

784,009

795,140

def.79,818

def.38,433

1887.

$
Net earnings.
Deduet—
Interest on bonds
Interest on floating debt
Miscellaneous
Total

Balance
*

I

t

Includes inlerest and rentals.
Includes profits of Mack. Trans. Co.—$5,629.

Allegheny Valley Railway.

fFor the year ending December 31, 1889.^
This road is in the hands of a receiver, and the annual

re-

port is almost entirely statistical.
Belovp are given the comparative figures for four jears,
compiled in the usual form for the Chkonicle
:

EARNINGS AND EXPENSES.
1886.

Earnings—

1889.

1888.

1887.

$

$

$

•'?

1,272,957 1,444.376 1,476,381 1,688,346
5.')0,517
603,575
470,825
513,468
78,064
68,947
71,263
72,066

Freight
Passengers
Mail, Express, &c

1,812,729 2,029,107 2,098,964 2,369,985
1,131,499 1,231,339 1,198,037 1,372,589

Total earnings

Operating expenses

Net earnings

681,230

797,768

900,927

997,396

INDOME ACCOUNT.
1886.

Receipts—

$

681,230

Totallnoome

—

1888.

1887.

$

Net earnings
Other income

1889.

$

i«

2,575

797,768
4,424

900,927
2,892

997,396
5,172

683,805

802,192

903,819 1,002,568

Deduct

Interest
Eeal estate and equip

1,115,604 1,107,197 1,106,319 1,105,521
585
92,459
88,456
186,806
1,116,189 1,199,656 1,194,775 1,292,327

Total

397,464

432,384

Deficit

290,956

289,759

Shenandoah Valley.
("For the year ending

December

31, 1889.^

This road has been in the hands of a receiver for severa 1
years, and it is expected now that its affairs will soon be settled up, as a sale of the property has been ordered.
From the annual report just issued the following statistics
have been compiled.
EARNINGS AND EXPENSES.
'

1886.

1887.

1888.

1889.

•

Earnings from—
S
$
Passengers
1 96,613
199,037 185,230 206,229
Freight
461,358 635,884 581,177 696.461
Mai!, express and miscellaneous
82,683
67,941
65,541
60,031
Total
Ojierating expenses

:

aud

740,634 902,862
773,546

831,948
781,972

968,721
794,653

129,316

49,976

174,068

taxes... 601,379

Net eamlDgs.

79,275

INCOME ACCOUNT.
Net earnings
Charges

1887.

$

$
129,316

79,275

—

Interest on debt
Interest on ear trusts.

on receiver's certificates
Eental of equipment
Interest and discount
Extraordinary expenses, worthInt.

1886.

398.540
5,463
17,373
42,142
23,187

less accounts, etc

2,788

1888.

49,976

1889.

174,068

420,145 405,680 405,680
12,786
11,694
18,345
24,370
30,000
5,227
25,904
15,918
24,625
18,410
20,254
292,794

43.340

130,697

Total

489,495 773,922 529,398 002,549
Deficit for year
410,220 644,606 479,422 428,481
Note.— The above income account embraces full interest and all
charges for the entire year. The total deficit to Dec. 31, 1889, was

Dr.

Cash
Treasurer's offlco fund . .

The Shenandoah Valley

EE.Co

Bhen. Val. RE. Co. ace.
car trusts
Bills receivable
Station agents' balances.
Materials and supplies..
RoIIiog stock
"

Income accoiuit
Total

Cr.

$38,584
35

Beceiver's certificates... $500,000

Matured int. on receiver's
cerls. unpaid
189,852 Accrued interest, receiver's certiflcat B

23!>,791

38,853
70,657
5i,352
125,553
78,261

$834,938

S. F.

240
7,500

Tyler, Receiver, aoo.

cartrusts
Pay-rolls

Vouchers
Individuals and oomp'n's
Equipment service.......
fcTotal

.»

GENERAL INVESTMENT NEWS.
Baltimore & Ohio.— Mr. E. R. Bacon, of New York, President of the Baltimore Ohio & Southwestern Railroad, submitted an offer on behalf of a syndicate to purchase at par the

&

O. stock owned by the City of Baltimore.
32,500 shares of B.
Tlie City Council passed an ordinance authorizing the sale of
the stock at not less than par, and the Mayor was expected to
sign it to-day. It is believed that the syndicate will also
acquire the John Hopkins stock, and that the Messrs. Garrett
are interested in the deal, and with their holdings the syndicate will control the company. They will then underwrite or
guarantee, it is said, the new issue of $15,000,000 stock soon to
be offered at par to stockholders.

A

Central of Georsria— consolidated mortgage for §18,000,000 has been authorized and the bonds bearing 5 per cent interest and running to 1987 will be issued from time to time to
pay off maturing bonds and the $3,000,000 unfunded debt.
These bonds will be used to retire the §4,999,000 " Tripartite " sevens, maturing January 1, 1893, and may also be used
to retire the certificates of debt, which are payable at option
after July, 1891. With those issues canceled the new consol.
bonds would become a first lien upon the Central's main line.
Chicasro fins Company.— At Chicago, June 2, Mr. George R.
Davi?, County Treasurer and a well-known politician, was
agreed on by the attorneys, and was appointed by Judge
Collins receiver of the Chicago Gas Trust Company, now the
Chicago Gas Company. The Court did not grant the request
that the receiver be authoiized to vote the stock of the four
companies at the meeting of the Trust's directors. Judge
Collins said he would have to look into that before entering such an order. The decree recites that the name
has been changed
of the Chicago Gas Trust Company
to the Chicago Gas Company, and that it is the same
c^i-poration it directs the receiver to take charge of 189,388
shares of the capital stock of the Chicago Gaslig:ht & Coke
Company, 28,881 sUares of the Consumes' Gaslight
Fuel
Company, 29,741 shares of the Equitable Gaslight
Fuel
Coke
Company, and 34,600 shares of the People's Gaslight
Company of Chicago, all of which stock stands on the books
of the various companies in the name of the Fidelity Company
of Philadelphia. The receiver is to receive all dividends and
profits realized on the shares of stock mentioned as they may
from time to time be declared to be due or payable, and to
distribute the dividends and profits pro rata among the persons who, at the time of the receipt of such dividends and
profits, shall be the stockholders of record of the Chicago Gas
Company, after deducting the reasonable costs and compensation of the receiver, to be fixed and approved by the Court.
The Chicago Gas Trust Company is enjoined by the decree
from making any sale, assignment or transfer of any of the
stock or property, and all the gas companies are enjoined
from making any disposition of the stock, or paying any dividends or earnings to the Fidelity Company, or other corporaNone of the comtions or persons other than the receiver.
panies can ti-ansfer or permit the transfer of any of the shares
of stock of the companies now held by the Fidelity Company.
Mr. Goudy prayed an appeal on behalf of the Trust from the
decree, the bill of exceptions to be filed in twenty days.
Chicago & Eastern Illinois.— At Chicago, June 4, the annual meeting was held. The only change in directors was the
election of A. R. Flower instead of Roswell P. Flower, and
that of George W. Saul to succeed H. R. Rishop. H. H. Porter was re-elected chairman of the Board and George W. Saul
was elected President in place of D. J. Mackay. The gross
earnings for the ten months ending April 30 were $2,454,750;
net, §990,307.
From this there was a surplus of $44,940, the
balance being used for fixed charges, interest, dividends. &c.
;

&
&
&

< liiea^o & Northwestern. —At Chicago, June 5, the annual
meeting of stockholders of the Chicago & Northwestern Railroad Company was held, and the old Board of Directors was
re-elected.
The officers of the Chicago & Northwestern are:
Chairman of the Board, Albert Keep; President, Marvin HughVice-President, Treasurer and Secretary, M. L. Sykes;
itt;
executive committee, Albert Keep, Marvin Hughitt, W. L.
Scott, A. G. Dulman, C. M. Depew, H. McK. Twombley,
Samuel F. Barger and David B. Kimball. The regular quarterly dividend for the quarter ending ending May 31 of 1^
per cent on the preferred stock, and the regular semi-annual
dividend, for the half-year ending at the same time, of 3 per
cent on the common stock, were declared. These dividends
are payable June 26. Tlie books close on June 10 and reopen
on June 27. The financial statement for the year ending May

31,

1890, the

month

238,791
35,817
35,470
19,313
1,807

$834,938

of

May

compared with the actual

being estimated, is as follows,
two previous years:

figures for the
1890.
ffi

Gross earnings
Oper. expen. and

BECEIVER'S CONDENSED BALANCE SHEET, DEC. 31, 1889.

[Vol. L.

all

1889.

$

1888.

$

27,122,790
charges. 23,051,070

25,692,258
21,625,743

20,697,558
21,943,955

4,071,720
3,444,979

4,066,515
3,444,504

4,753,603
3,444,504

626,741
81,320

022,011
122,990

1,309,099
106,199

708,001

745,007

1,415,300

Balance
Dividends
Surplus
Surplus Western lines
Total

&

Pacifle.— At the annual meeting of the stockholders of the Chicago Rook Island & Pacific
Railroad, in Chicago, the following directors were elected: H.
H. Porter, Marshall Field, John De Koven, of Chicago, and
David Dows, Jr., of New York. The first three succeed

Chicago Bock Island

Juke

THE CHR0N1CI.K

7, 1890.J

themselves, and David Dows, Jr., succeeds James R. Cowing
of New York. Alexander E. Orr of New York was also elected
to serve out the unexpired term of David Dows, deceased.
The Board of Directors elected the following officers: President, R. R. Cable of Chicago; First Vice-President, benjamin
Brewster of N. Y., 2d Vice-Pres., Treasurer and Secretary, W.
G. Purdy of Chicago; 3d Vice-Pres., H. A. Parker of Cliicii^o.
The report for the year ending March 81, 1890, shows the
following figures, and no satisfactory comparison can be made
with previous years, owing to changes in tne accounts, by the
inclusion of Western roads.
Gross enmliiKS
$17,(530,000
Operatlug oxponsea
1'2,47.'>,0«7
Nctoaniin(C9
Othrr inrontr. —

Cash

l.iiid

$3,103,U93

Kales

Interest from C. K.

Premium on bonds

$91,350

&N

I,'^09,0t0

35,950

Totiil net Income
Total charges

$(i,r)0n,!i33

Balance
Dividend

$1,805!770
1,846,228

4,B05,154

Surplus

$49,551

Wpst Michigan.—The statement of the earnmonths was as follows:

ChiCMtt,rtfe

ings andrfSpenses for April and the four
-

April.

1889.

,—Jan. 1 toAprUSO.-^
1889.
1890.

1890.

Of

Gross enrnibfcs

12,'>,505

Espeuses

93,208

$

$

139,048
82,658

448,221
348,620

474,385
31,819

99,595
78,268

102,500
74,887

21,327

87,679

Net

32,2,37

Charges

19,649

50,390
1 8,722

Balance

12,588

37,667

—

Detroit Lansia? & Northern. Earnings and charges f»r
April and the four months were as follows.
AprU.
,-Jan. 1 to April 30.^
.

.

1889.

1890.

$
Gross earnings

1889.

1890.

$
100,.'i26

Expenses

94,210
05,031

Net
Charges

29,179
28,167

Balance

1,012

66,851

343,831
269,614

307,258
269.348

33,675
26,242

74,217
112,824

97,910
105,1^4

7,433

def. 38,607

rtef. 7.214

Ciacinnaii SandaaUy & Cleyelanrt.— The $1,079,100 seven
per cent bonds maturing June 1 are being paid off at the office
of the company in Boston, and $1,100,000 fives have been
issued.
These latter were sold some time ago by Messrs. Vermilye & Co.
A director of this company is reported in Boston as
saying: " Mr. Ingalls has recently made a proposition for control of entire Sandusky Road, and also Columbus Road, and
Sandusky directors will give the same consideration in a
few days. It now looks as if both roads would soon be in
control of ' Big Four.'
Houston Fast & West Texas.—The Galveston News of June
1 said
''A private telegram received here to-day from Austin
states that Chief Justice Stayton allowed the writ of error to
Houston East & West Texas Railway Company and fixed tlie
bond at $150,000, and it is understood that there will be two
appeals, one by the Union Trust Company of New York and
the other by the railway company."
Laclede tVas. The Laclede Gas Company has obtained a
continuance of its injunction against the municipal authorities of St. Louis, restraining them from enforcing the ordinance fixing the price of gas at 90 cents per 1,000 feet. The
gas company has a thirty-year conti-aot with the city to supply
gas at §1 25 per 1,000 feet, and the injunction protects tbia
contract. This puts the matter over until fall.

—

:

—

—

Mexican Central. The Mexican Government is negotiating a loan for some £8,000,000 sterling, the proceeds of which
will be used in part for the settlement in full of tlie principal
railroad subsidy claims. These claims are now paid from the
customs receipts and aggregate about $6,000,000 annually, or
one quarter of the revenue.
$50,000,000 loan at 5 per cent,
and 1 per cent sinking fund, would make an annual charge of
$3,000,000, and extinguish the debt in say 45 years.
In
connection with this loan it is reported that the Mexican Central are favorably considering a proposition from the Government by which they will receive some $13,000,000 in gold, a
sum which would enable tlie comimny to retire a considerable
portion of the funded debt. The priority fives are redeemable
at 110, and the outstanding 87,000,000 would izse up $7,700,000
and leave some $4,000,000 for other purposes. The retirement
of the priority bonds would reduce the fixed charges $350,000.

A

Minneapolis S'. Panl & Sault Ste. Marie— Canadian PacAt a meeting of the Canadian Pacific stockholdeis. to be
held in Montreal, action will be taken upon a proposition to
ific

—

made

&

S. S. M. bondholders to guarantee
their bonds, principal and interest, in consideration of a reduction in the rate of interest to 4 per cent and a joint traffic
arrangement. TheCan. Pac. debenture fours have sold at 108.

be

to the

M.

St. P.

&

—

Parties familiar with the
that the presence in the Board
of Mr. Freeman, Treasurer of the Standard Oil Company, and
of Mr. Colgate H>yt, who is the Standard Oil interest representative in the Northern Pacific Railroad, is a feature of the
reorganization as accomplished. It emphasizes the fact that
the Standard Oil people, whom Mr. Enes' has represented for

Missouri

affairs of this

Kansas

Texns.

company remark

801

over two years in his relations with the property, continue to
hare a large and active interest in the ro.ad. The line is to be
operated on a strictly independent basis, and the company also
has the support of the imjMrtant foreign element which is represented by Mr. Oyens of the reorganization committee in the

Board of Directors.
New York l>ake Erie & Western.—The minority car trust
certificate holders have finally obtained a decision in their
favor in the N. Y. Court of Appeals. The company attempted
to make the holders accept 5 m-itead of 6 per cent interest on
their certificates, and the minoritv protested and brought Buit
to compel the company to pay 6 per cent.
Every court has
decided in favor of the holders, ana the decision of the highest court, in confirming these decwions, providea that the
holders shall be paid back interest in full.

Pennsylvania Rallrosd.— The suhscription books for the
Pennsylvania stock allotment closed June 2. The stockholders were allowed to subscribe for new st<^x;k to the extent of
eight per cent of their present holdings, which would be over
$9,000,000.
When the books closed. Treasurer Smith stated
that the subscriptions were considerably in exce-is of $7,000,000.

Advices from London also state that subscriptions for a large
amount had been forwarded by mail, and that practically all
the shareholders in London had availed of the privilege.
Peoria & Eastern (Ohio Indiana & We.^tern) —Holders
of reorganization receipts may now exchange them at the
office of Messrs. Drexel, Morgan & Co. for the securities of the
new comgany assessments not yet paid are now called.
;

k St. Lonls.-The plan for
the consolidation of the Pittsburg Cincinnati & St. Louis Railway, the Chicago St. Louis & Pittsburg Rail way, the Cincinnati
& Richmond, and the Jeffersonville Madison & Indianapolis
Railroad, was adopted by the boards of directors of the several
roads named, who met this week for that purpose at the general office of the Pennsylvania Railroad. The new name of
the consolidated roads will be the Pittsburg Cincinnati Chicago
& St. Louis Railway Company. The capital stock of the new
company will be $75,000,000. of which $30,000,000 will be preferred non-cumulative 4 per cent 8t(x;k and $45,000,000 will be'
common stock, and the total issue of bonds to be authorized is
$75,000,000. The outstanding stock and Ijonds of the old corporations will be called in, and $40,000,000 of the new stock
and $40,000,000 of the new bonds will be issued in exchange
for the old stock and securities. The remainder of the new
stock and bonds will be retained in the Treasury for the future requirements of the new corporation, and will be issued
in such sums, and at such times, as it may be needed for betterments, extensions, &c. Special meetings of the stockholders
will be held in about sixty days to ratify the plan.
Pittsbnrg Cincinnati Chica:o

—

Rio (Jranrfe Western. It is announced that the first train
over the standard gauge tracks -w ill leave Salt Lake boimd
East on the 10th inst. The connecting link, known as the Rio
Grande Junction Railroad will not be ready for operation
until about August 1, and freight cannot therefore be sent
through over standard gauge tracks until that time.

—

St. Lonls Alton & Terre Haute.
The injimction obtained
by Mr. Edward H. Litchfield restraining the directors of the
St. Louis Alton & Terre Haute RR. Co. from taking any steps
toward the sale of the road to the Cairo Vinccnnes & Chicago
RR. Co. was modified by Judge Lawrence of the Supreme

Under the modified order of the court the directors
to hold their meeting in St. Louis and to send
out notices to the stockholders in regard to the proposed sale,
but could take no further action towards consummating the
sale or canceling the lease to the Ch. Col. Cin. & Ind. RR. Co.
Court.

were allowed

—

Sonth Carolina. The Central Trust Company is now payall coupons of the first consolidated bomls of this company which fell due on April 1. 18S9. In thf official announceing

ment

as

first

published

it

was erroneously

stated that the

coupons due April 1, 1890, were those to be paid, and it wai»
on the authority of the advertisement to this effect that the
statement in the Investoes' Supplement, now shown to be a
mistake, was based.

Toledo St. Louis & Kansas Cltj;.- The work of reconstructing this line is now practically finished, ond the road will in a
few weeks be in shape for through business. Experts have
been making an examination of the property, and upon their
representations a syndicate of l)aukors made* \\\> of Messrs,
John H. Davis & Co., Poor & Greenough, and others, have
taken from the contractors all the unsold first mortgage bonds,
to some $3,500,000. The whole issue of bonds is
$9,000,000, issued at the rate of $20,000 a mile, and this constitutes the entire funded debt. An extensive terminal property at
Toledo and East St. Louis is also covered by the mortgage.

amounting

Union Pncifio.— President Chas. Francis Adams is reby the San Francisco Chronicle as sairing " It w determined to extend our line from Portland to Tacoma and
porte<l

:

Seattle at once, if the step is approved by the Board of Dii-ecBesides this line we shall build one or two little spurs
to mining districts. All reports about other L^nion Pacificextensions in that country are mere talk. The company doesnot propose to build any roads except the ones I speak of.
The company has no pre.^ent intention of constructing a line
into any part of California or of coining to San Francisco.
All the resources at its command are rejuired in fields more
legitimately its own. Its relations with the Southern PacificCompany were never more friendly than at present."

tors.

THE CHRONICLE

tB©2

[Vol. L.

OT TON.

C

Friday. P. M., June 6, 1890.
as indicated by our telegrami
from the South to-night, is given below. For the week ending
total receipts have reached 4,487 bales,
this evening the

The Movement of the Crop,

COMMERCIAL EPITOME.

Friday Night, June 6, 1890.
against 8,776 bales last week "and 13,883 bales the previous
has
been unusually hot for this week, making the total receipts since the 1st of Sept., 1889,
to-day
until
weather
The
bales for the same period of
period of the year, and crop accounts have generally im- 5,757,028 bales, against 5,477,311
1888-9, showing an increase since Sept. 1, 1889, of 279,817 bales.
proved. Trade begins to assume a more summer-like aspect,
Wed.
Thurs.
Fn.
Tues.
Total.
Mon.
Sal.
Receipts at—
and a season not altogether satisfactory, from various causes,
hastens to a close. It seems probable that leaders of the Galveston
2
93
223
10
66
51
dominant party at Washington have substantially agreed
El Paso, ikc.
early
an
day.
at
Congress
pass
upon a silver bill, which may
403
44
250
131
399
3,052
823
New Orleans...
Tlie Senate is making orogress with the tariff. The Middle- Mobile
4
22
3
G
20
56
doing
much
storms,
violent
from
suffered
Western States have
.

damage and

Florida

obstructing railroad transportation.
is a statement of stocks of leading articles:

'

bags.
bags.

8,553
29,975
31,404
51.548
278,249
58,816

mats.

51, '200

bbls.

:r»rk
.$j^rd
itobacco,

tcs.

-. .-

domesHo

hhds.

..

baiee.

Vobacco, foreign
Ooffee, Rio
C»ffee, other
'-CoSee,J&VR;&o.....

fiaear
flular
,fl«gar...w

Kelado
'

Mola^Bes, foreign . .
KolasscB, domestic

Hides •> ..»->>

lilids.

992
None.
101,173
None.
1,469
4,500
490,100
120,605
12,125

None.
201,395
None.

645

1,050
2,400
20,660
7,080
None.
10.000
75,000
None.
33,340
184,525

bbls.

^O0tton...

No.
.

.... bales.

-Spirits tarpenttne...

Tw

bbls.
bbls.
bbls.

JBoe,E.I

bags.

33,4>-0

-Ciee, domestic

Pligs-

6,450
None.
8,500
73,000

Ltnaeed
Bftltpetre

JmtB butts

}f H.nflo. hpmp
'Sisal hemp

-"nioai

.

.

.

bbls.

9,454
35,141
30.569
52,066
317,604
79,035
45,996
5,995

boxes.
..bags, &c.
hhds.
hhds.

.«.

and

320,497
68,165
79,892
6,107
None.
195,521
None.
485
3,260
629.900
202,?63
14,683
1,572
1,052
35,750
3,460
None.
10,000
124,500
None.
1,363
160.275

1,792

500
26,103
173,525

1.

6,773
19,816
36,114
50,604

4,OOU
476.600
103,839
9,500

2,736

oags.
hags.
bales.
bales.
bales.
sacks.

June

Jittie 1.

1.

\Lard on the spot decliftffd early in the week, leading to a
pretty fair business, and the clo.se was steady at 5-70c. for

prime Western and 6"10^a6%50c
Sot refined to the Continent. The speculation in Lard for

prime

city, 6'20

a:

6'33>^c. for

fature delivery was at declining prices until yesterday, when
there was an active demand to cover contracts at better
prices, but values were again cheaper to-day.
DAIUY CLOSIKQ PRICES OF LABD FnTUSES.
'June delivf rjr
Inly delivery

c.

August delivery
September delivery
-October delivery

c.
o.
o.
o.

Sal.

Mon.

6-32
6-42
6-54
6-65
6-73

6-26
6-38
6-50

660
6-67

Tues.

615
6-25
6-37
6-48
6-56

Wed.

Thur.

Fri.

6-26
6'36

6-27
6-43
6-54
6-59

6-25
6-39

6 49
6-54

102

156

85

207

54
148

Charleston
Port Royal,&c

14

45

27

6

22

61

Wilmington

37

5

2

1

6
12

140

Brunsw'lt, Ac.

1889

1890.

1890.

May

76

Savannah

The following

653

6 58
cheese, prices

Wash'gton, &c
Norfolk

West Point.

I

July

17-150.
Jlugust. ..;... .16-900.

Spptember
October

16-73c.
16-30c.
15-90o.

I

Deoenaber
.laniiary

15'80o.
15-70c.
15 63c.

November
February
The early months showing an advance of 15 a 40 points.
Raw sugars have been active aU the week, and the close
I

|

is

;

;

;

2
14

910

603

4,487

23

Phlladelph'a,<fec

1,6

207

Totals this week

396

74

1,040

548

794

592

For comparison we give the following table showing the
week's total receipts, the total since September 1, 1889, and
the ^tock to-night, compared with last year.
1888-69.

1889-90.

Stock.

Receipts to
Weeli.

Since Sep.

This
Week,

Since Sep.
1, 1889.

Tliis

Ju:ie 6.

1,

1890

1888.

1889.

j

Galveston .
El Paso,&o.
.

New Orleans.
Mobile
Florida

222

080

Bruna., &c.
Charleston

148
175

.

Royal,&c
Wilmington
Wash'tn.&c
Norfolk

West Point.
NwptN.,&c

New York.
Baltimore.

..

to

31,704
1,393

54,244
2,723

2,987

2,438

15
531

1,183

1,025

534

68'
1

257
305
28

61
207
39
23
479

1

401,611
324,555
53,807
113,492
71,281
87,668
79,053

2

298

698'
280;
197'
1,245:

647j
887|

52

565

_

209,066
27,010
811,567
132,099
380,162
15,671
151,779
4,369
484,140
410,282
136,054
129,357
102,101
68,511
50,667

345

......

6,710'5.477,211

4,487 5,757,028

Totals

l,43l'l,671,648

-68'

1,833
132,633
3,749

45

..

964

20l'

933,570
162,962
319,798

P.

.

669,917
22,911

837,164
23,212

2,052 1,933,656
56 239,719
32,265

..

Savannah.

6,759

3,650

150
99,346
3,000
3,393
7,894

2,200
189,872
5,000
2,210
7,078

161,160

270,751

In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts

at—

Qalv'ston.&o
New Orleans
Mobile

Savannah.

..

Oharl'8t'n,&c

firmer at 4 15-16c. for fair refining and 5 9-16c. for centrifugal,
96 deg. test. The sales to-day embraced 90,000 bags centrifngal at 3 r,-32aS 3-16c., short price, for 96 deg. test, and some
Muscovado, 89 deg. test, -at 2 13-16c., short price. Refined
sugars are decidedly higher at 7i^c. for standard crushed and
6}-2'a6 9-16o. for granulated.
Molasses is firmer two cargoes
sold to-day, one at 19)^c. for 50 deg. test at the breakwater,
and one loading at 20c. The tea sale on Wednesday went off
steady prices, except for Congous, were easier.
Kentucky tobacco has continued quiet. The French Government awarded its contract to-day for 9,500 hhds. Seed
leaf is in fair demand and firm. Sales for the week 1,290
cases as follows: 240 cases 1888 crop, Pennsylvania Havana,
18 to 15c. 250 cases 1887 88 crop, Pennsylvapia seed leaf, 10 to
13c.; 250 cases 1888 crop. State Havana, 13 to 15c.; 200 oases
1888 crop, Ohio, 81^ t J 10c. 200 cases 1888 crop, Wisconsin
Havana, 11 to 13c.; and 150 cases Sundries, 5}4 to 35c.; also
650 bales Havana, 65c. to $1 15 and 1,000 bales Sumatra .SI 45
t-3 S2 45.
Refined iietroleum in bbls has declined to7-20c. and in cases
to 9-lOc. Crude in bbls lower at 7-35c., naphtha 7-40o. C'mde
certificates are lower at 87i^c.
Spirits turpentine has been
easier, but close-s fairly active and firm at 37i^'(i38o.
Rosins
are firmer from scarcity, at $1 45@1 .50 for strained.
On the Metal Exchange straits tin is firmer on the spot with
81 -400,; also for July at 21 -1.50.
sale? at
Ingot cop-

61

61
307
39
23
479
3
298

3

Baltimore

PhU'del'a,

..17-45C.

5

39
10

Tallow, for an exception, is dearer at 4 9-l6@4 f^c.
Coffee on the spot has advanced to 18c. for No. 7 Rio, but
the close is very dull. The speculation in Rio options has been
quiet, but some improvement to-day in response to strong advices.
The visible supply of coffee in the market is set down
at 146,829 decrease in the month of May namely, 2,467,116
hags and mats. Options in Rio closed steady, with sellers as
Jiiiie

42
4

6
32

1

N'wp'tN's.&c.

Boston

follows:

45

1

New York

lo other hog products, as well as in butter and
have favored buyers, but prices are not materially lower.

—

16

.

680
148
175

1890.

1889.

1888.

1887.

1886.

1885.

222

269

366'

476

308

2,052

1,431

5,317

1,058

4,492

.56
680
175
45

68
345
562
29
698
477

97

338
325
376

2,750
2,778

Wilm'gt'n.&c
Norfolk
W't Point, *o
a:" others

246
950

2,931

rot.thisweek

4,487

6,710

Since Sept. 1

]

61

6

166

170
39

3,464
1,381

162
605
112
167
72
20
885
59

1,244

6,525

2,647

4,032

22,773

4,729

3,025
2,818'
31^
3,179'

1,132
3,657J

19,622|

we

909

5757,028 5477,211 53B6,933!5179,9t9 5207,949 4710,007

—

The exports for the week' ending this evening reach a total
of 94,276 bales, of which 33,343 were to Great Britain,
to France and 933 to tke rest of the Coutinent.
Below are
the exports for the week, and since September 1, 1889.
Week Ending

from—

Prom

.Time P.

Sept. 1. 1889, to

Exported to—

Exrxyrti

Great

BrWn. France

Jum

(J,

1893

Exported to—
Ortat

Oonti-

Total

nent.

Week.

Britain. France

10

307.490 34,e5&
80D.r03 341,658
44,789
153.062 30,226
102,S92

Contiiient.

Total.

;

per, tliough quiet, is firmer, at 15-70c. for lake. Domestic lead
IS cheaper at 4-27i^o.
Pig iron warrants have advanced today, with sales to-day of 4,500 tons at $16-12Uc. for June and
Jnly and ^16-25 a 16-37Jj^ for August. The interior iron mar-

Kets

show an improving tendency.

aalveston

New

Or)«an8.
Mobile...,

10
7,5J1

7,571

Barannata

3,100

Brunswick

,

Charleston ....
Wilmington...
Norfolk.

West

51,281
79,181

180

180

Point....

N'portNws, 4o

New York

18,549

Boston
Baltimore

2.SB8

930

ITS

3

PUlla<!elp'a,*c

Total
Totil. 1888-89..

933

23.343
18,709

150

IS.479

8,868

.....

178

24,246

»28,197
168,826

37,709
497.6J3
134,625
83,76 i
88,713

138,110 474,259
543,68» 1,784.329
44,788
346,921
530,209
14,287
117,179
161,802
240.332
32.983' 112,149
37,756
2«S,95»
24,080
180,346

95
43,590

148.339
3,554

1,574

56,070
S.I39

87,801
688,408
138.179
120,406
36,858

24,276 2,789,581 471,953 1,505,631 1,7;0,18»

O.S28 «a.l87 2.8I)5,6C«

.')91.04i>

1.853.ni)7

4549.045

Jdne

THE CHRONICLE

1880,]

7,

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert. 34 Beaver Street.
Carey, Yale

We

&

On
June

0,

nf—

Great

The Sales and Priobs of Futures

Other
Foreign

Ooattunse.

si

ml
a »•

New

Orleans
Mob1.c

.

2,790
None.
Noue.
None.
None.
None.
6,800
2,000

.

Oliartetston ....

Bavannali
Galveston
Norfolk

New York
Otber ports
Total 1890-

447

402

None.
None.
None.
Noue.
None.
None.
None.

Noue.
None.
1.200
None.
None.

417

11,1590

.

Total 1889. ..i
Total 1888...!

18,465
31,953

1

6,740
4,069

1

1

454
None.
loo

246

40,769
59.245

1

,

a

3:
3:

:
.

3 -leS

?

<

«.

c: J-

iti

e

o

TO,

I

were unusually wide, showing
between this and the ne.xt
crop. The re-opening on Monday (the Cotton Exchange hav.
ing been closed on Friday and Saturday) was at derlining
prices. Weaker Liverpool markets in the interval from the
previous Thui'sday led to a general selling movemsat most
urgent in this crop but affecting also the ne.xt crop. The de.
pression continued on Tuesday, when there was a semi- panic
and some of the i)rices made were more tlian a half cent per
pound l)elow the highest figures of the previous week. There
waa a buoyant opening on Wednesday, on a demand to cover,
but renewed depressioa caused a further desline. There
was a rally, however, and the close was irregular.
tind the fluctuations in prices

also at times

some

CO

MO
I

iota

n

r-OI

">

;

M-- ^ ^-

ipiojto
1010 *I0
*•

tc to

O 10

10 wi

ro

r-—

(«•

to 10

roroc

10

too

to

10 to

—t

C-.OU

a?':

I

10 to

o to

V5 MM
iota

^

w-'to
*-_

MM
—O

MO
I

tctcoto

CM
HM
TT
,515
I

CO
[>

tciooto

MM

p.

M

<

2

ICtO

to 10

1

5
2

a:«:

to 10
I

totooto
1550*10

to 10

QOtO

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WW

2

>

-M

a.

t

toto

2

®y:

I

S.*'

M—OM MMCM trSt MMgM
00 -to
liW - w
w ^ to
to to -^ to

lb

to

a_to

-i-J

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^

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9.*^:
MMOM
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0000

¥=

00
aw
00
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:

oic;i

;po;'

=.^

00

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1

"^

9^:

OOOD
I

LowMlddltnK

'11%

11=8
121 , 12
12^,8 12'4
I2J2
12^8

I

Low Middling
Middllns
Good Middling
Strict Good Middling
Middling Fair
Strict

12%

9iiif

;

IOI4

01*01

10l()

ill

11
ll^lB
ll's
1218

ll's

12%
125

1211,, 12!>,{

12 5,6 12'8

13%
13'9

Fair

GULF
Ordinary
Strict Ordinary
Goo<i Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling

I
o

MidrtllDg
Grtod Middling

Tb.

Fri.

979
979
913.8
101,8 10
107,8 105,8 10,8 IOI4
10>s
1138 115,« ll^l^ ll<lfl 11»8
11«8
11»8
11».8
ll'»lf 11%
12^ 12', 121,8 121,8 12
12 >« 127,8 12>,8 125,6 12>4
1211,8 12»8
12>4
12',
12'a
1216,8 127e
12% 12% 1211,8
ISifl
131,. 1215,, 1215,g! 1278
13'.,8
1336
1339
13>',e I312
14i|<. 14
1379
1313,8
1379

lb

^1

n

I

I
I

1113l«
121,8

12^4
13»,6 |13:<,« llS'ls 13>s
131s,Bll3n|,il3U,„ 13^

Mod Toes Wed

Sat.

-

11%

U2M8 1214
I2ifl
12% 12U,8

,

CJiOt

959
lO'ia
101 Mb

911,^

ilOlfi

5*»

^^.^

?s?
w*w
to
00

050*
2
10:0
^
e>.«:

M — tOM
0000
o 6A*C!
coto
o
>
X
I

f»
-1

I4

S>.»^:

MMODM
I

0*1

I

I

toto

9*
oso:
MO
I

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00

<

2
->

a.":

0000

9.-:

1

a

WW

1

too

a>

to

2

s.f^:

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030)

tCCO

MM
99
6iA

2

ai.*^:

ODO

OD

2§

5

«.'':

MMOOM ^~.4..M
0000 0000
aa'^o aro" to
I

S.":

MMI^M

MM!OM
0000
92* 0000
w«*ai
MQOM

cooo
tvM

b.

<

*

ai.-^:

MMMM
MmWM
0000 MM<)M
9929
99x9
aai*ti tta>*<i
I

S^:*

'i

w-,1

I

oa

I

1

Good Middling
Middling Fair

Strict

I

Fair

I

I

I

I

I

«:

l«:

I

:

I

1

STAINED.

9»8

9»,8

BoU- IOI4

llO'ia

iBlb.!

Low Middling

Wed Tb.

niOD Tnea

Bat.

GoodOrdinary
Strict Good Ordinary

day.

113,8

Middling.

^12

9',«

Id,.

im

9'ie
10...

11

lllii>ia

Fri.

I

li

I

10
1015,8

SALE* OF SPOT AND TRANSIT.
Ex-

!

port.
;

'

.

Mon

Dull at %dec...
Tues. Dull at i|. dec..
Wed. Dull at >8 dec.

.

Total

sump.

L.

.

....

239
267
103
816

3,982

_

POTDRBS.

L.

4,498

7,0.55
.,..

....

....

.:..i

ID-Hr-

,

™<»-

J TToli'dnv..!

3,073

',8 do.

Spee-\Tran-\
:««/•«'»
»«.

\

3,982

.

Tbur. Easy
Fri... Steady at

Con-

239
267
103
816

101.400
69,500
113,900
60,400
42,800

8,480 Srt8,000

I

I

I

I

1

I

11", llUlglll%

«;

:.

MARKET AND SALES.

SPOT MAJtKET
CL08K0.

I

938

The total sales and future deliveries 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.

Hat.

"^

«,":

cooo
9S® oooo
aicji® i
tt,®c
to
«
MM ^
MM ^ MM > 00
99yi 2 WW < 00
2 SIS s
too=
X^
to:
I

I

Tuea Wed Th.
;!>i3,a

B
o

MMODM MMMM
0000 0000
wd*c) oi5*w
-.so
o i** <o

•?

9^9
106i6
--

'g lb.

^
2

8.":
M — OIM
mO- 0000
oopo
92?
j*.:
-j-.'l*.j
-1
00
~,te
MM
00 IJ 99 >
<

tc-1
I

to

'%'

I

I

5
"^

i/j*l

2c

-j-'i

I

—

Ordinary
Strict Ordinary
Good Ordinary
Jtrict Good Ordinary

2

«.=>:

MM*1M

— ec 8;i

tote

^yiM-"

I.":

«.w:
I

lOIO^tO

MS M

OD

3

lOlOOlO

"*

».'':

MMCC-

10

5

eii':

I

M — tt-

rotoOtO

10 10
2
<CWIO"
I

t

I

I

bib

^

9.®:

I:

"^

'

—

ITIon

^

a

I

|

I

1014

for speculation, and
in transit.
Of the alx)ve
bales
were to arrive. The following are the official quotations for
each day of the past week May 31 to June 6.

Sot.

;

M^i"

>-•

l«

rt

^o«

There has been more activity in the distant months. Yesterday, there was an early advaace on the comparatively lafge
exports of the previous day, but the improvement was not
sustained, prices weakening in the last half hour. The market to-day was dull, this crop somewhat depre3sed, the ne.tt
quite firm. Cotton on the spot declined i^c. on Monday, l-16c.
on Tuesday and %c. on Wednesday, and was very dull, even at
the reduction. To-day, at a further reduction of 1-16c., there
was a good busmess for home consumption, middling uplands
closing at ISJ^c, against ISJ^c. last week.
The total sales for forward delivery for the week are 388,000
For immediate delivery the total sales foot up this week
bales.
8,490 bales, including 3,982 for export, 4,493 for consumption,

UPLANDS.

^'

I

!3§

,

—

I

lOtO
U>t5

irregularity as

—

I

I

u

%

I

I

*

I

The speculation in cotton for future delivery at this market
was quite active for the first half of the week under review;

;

«:

to*?.

I

309,169

1

3:

1

a
I

I

I

«

cob

>«

141.2»9
I

itrl

3;
0:

;

5SS?

229.9H'2

i

'ir«

1

;8:

91,29.'.

12,477

ih
,—..

•

I

1,487

19,861

j

K

3
s

;

S

Q3?§

a.

431
3,159

6,650
7,103

I

30,611
1,393

718

3,972

lG,I2t)

4,093
None.
100
1,500

8,914

S

.

2,400
8,050
«,000

3,8.52

rfr

:

300
718
None.
None.

'x>

:

c

«>2

2.28?

I?
S

Stork.

2,400

1,250
1,000

'

1°

»:

(TB

2P»

5 c ** »
a 'J)' y

Leaving
Total.

ahown by the

are

following comprehensive table:

Shipboard, not cleared—for
Prance.

Britain.

803

1

••"•

....

The dally deliveries given above are actually delivered the day
preriouHto that on which they are reported.

I

*:

I

l:

:

i
•1

1

* Includes naies In September, 1889, for September, 147,600; September-October, for October, 640,600; Septembei^Xovumber, for November,
636,200; Septcmboi^Docembcr, for December, 957,20J; September,
January, for January, 1,570,100; Septeinbor-F-^briiary, for February,
1,125,100; Septoiubor-March, for March, 3,236,000; Septeinlier-April
for April, 1,555,600.
rT* We have incladod In the above table, and ^hall continue flacli
wixek to give, the avera);o price of futures each day for each month. It
will be found under each day following the abbreviation " Aver." The
average for each month for the week is also given at bottom of table.
Transferable Orders—Satunlay,
c; Monday. 12'tOc.; Tuesd.iy.
l2-25c.; Wednesday, I2'25c.: Thurstlay, 12-20e.; Friday, l2-20c

The following exchanges have been made during the week
700 .Tmifi tor July
151 pd. to evcli. SCO Jan fflr AuK

•05 pd. to exch.
-05 pd. to exoh.
'06 pd. to exoh.

I

300 June
200 June

for July
tor July

I
|

-05 pd. to exch.
-12 pd. to exoh.

700 Juno for Julr
200 Aux for July

THE

80

CHRONlCLJUi.
The above

[Vol. L.

show that

cable
stocks have
The Visible Supply of Cotton to-night, as made upasby
well as decreased during the week 1,144 bales, and are to-night 33^
The Continental stocks,
is as follows.
period
last year.
The receipts at
this week s returns, bales more than at the same
those for Great Britain and the afloat are
down the same towns have been 198 bales less than the same
and consequently all the European figures are brought
week
last
and
since
Sept.
1
the
complete
year,
receipts
at
all the towns
totals the
to Thursday evening. But to make the
of exports from are 7.225 bales more than for the same time in 1888-89.
figures for to-night (June 6), we ,add the item
Friday only.
the United States, including in it the exports of
Quotations for Middling Cotton at Other Markets. —
1888.
1887.
1889.
1890.
In the table below we give the closing quotations of middling
879.000
totals

tlie

old interior

and teleeraph,

bales

947.000
11,000

850.000
11,000

718.000
21.000

Total Great Britain stock.
Block at Hamburg
Block at Bremen
Block at Ainsteidara
Block at Rotterdam
Block atAntwerp

958,000
3.500
105,000
7,000

861 ,000
2.300

769,000
4,000
37,900
14,000

Btock at Liverpool
Block at London

Btockat Havre
Block at Marseilles
Btockat Barcelona
Block at Genoa
Block at Trieste

200

300

6,000
181,000
4,000
83,000
10,000
7,000

32,000
1 16.000
5.000
72,000
13,000
8,000

40G.700

Total Continental stocks

43,300
18,000

309.900

ja.ouu

907.0C0
2,900
49,300
34,000
200
1,100
238.000
3.000
49,000
8,000
14,000

400
600
170,000
4,000
70,000
5,000
7,000

312,900

399,50

Total European stocks.. .. 1,364.700 1,170,900 1,081,900 1,306,500
292.000 242,000 174,000 313,000
India cotton afloat for Europe.
43,000
93,000 103.000
63,000
A mer.cotfn afloat for Europe.
40,0no
34.000
22.000
29.000
EKypt.Brazil.&c.afltforE'r'pe
36-j,4I6
320.774
270,751
161,160
States
ports..
United
Block
86,707
36,735
28,635
28,967
Block in U. S. interior towns..
6.000
319
3,500
1,497
United States exports to-day.

m

2. 066.328

1.940.324 1,S30,786 1,854,023

Total visible supply

Of llie above. tUe totals of American and oilier descriptions are a s follows:
Atnertciin.—

bales

Liverpool stock
Couttiiental stocks

American afloat for Europe...
United States slock
TJuiled Stales interior stocks..
United States exports to-day.

643.000
300,000
63.000
161.160
28,967

614,000
133,000
93,000
270,751

1,497

3,500

28,ti35

552.000
184.000
103,000
36-. 416
86,707
6,000

651,000
254,000
43.000
326,774
36,735

319

1,197,624 1,142,886 1,300,123 1,314,828

Total American
Xasi hid I" II, Brazil, <£«.
Liverpool Slock
London stock
Continental stocks
India ail oat tor Europe

304,000
11.000
106.700
2^2,000
29,000

Egypt, Brazil, &c., afloat
Total East India, &c
Total American

2.36,000

11.000
176,(100

242,000
22,000

196,000
21.000
12H,900
174.000
34,000

225,000
2p,000
145..M0
313.000
40,000

742.700 687,900 553.900 751,500
1,197,624 1,142,886 1,300,123 1,314,828
1,940,324 1,830,786 1,854,023 2,066,328
6l„d.
6'T.d.
538d.
6d.
12^40.
11< ec.
lOii c.
II^kC

Total visible supply
Price Mid. Upl., Liverpool
Price Mid. Upl.. New York

I^ The imports into Continental ports this week have been
79,000 bales.
figures indicate an increase in the cotton in sight
to-night of 109,538 bales as compared with the same date
of 18S9, an increase of 86,301 bales as compared with the
corresponding date of 1888 and a decrease of 126,004 bales
as compared with 1887.

The above

At the Interior Towns the movement—that is

the receipts
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1888-89 is set. out in detail in the
for the week,

and

—

following statement.

>^?a

To
C-

C i ^.

*

s-» = e = S

~
S.''

;2.0 pi 2.O e =
S <' '•Ok

»•

o9

-J

o

Ho-'-

>e

-S^^S^feLt^; P « »
so

» ni^.

.

H9

«||
:

o

CLOSINO Q0OTATIOS3 FOR MIDDLINO COTIOH

Week ending

Galveston...
New Orleans
Mobile
Savannali
Charleston.

Satar.

Mon.

Taes.

ll^s
ll's

11=8
11^8

11=8

11=8

11%

11%

11 '8

12

12

12

1158
ll»a

11%

11%

1^8
11%
11%
11%

11>3
1218
12^8
1258

11"^
I2l8

. .

Wilmington.
Norfolk
Boston
Baltimore...
Philadelphia

12%
12^8

113ji

11''8

11''8

11%

12

12

I214

I214

12
I2'4

11%

8t.

ll's

Louisville.

12
1214

Louis
Cincinnati..
.

I2I3

12%

11%

Memphis

1214

12%

12''8

....

12%

12%
12%

OS—

Thurt.

III3

11%

12^8

Augusta

Wednes.

11%

Fri.

11^8
11'8

11=8
ll's

11%

11%

1178

ll's

11%

11%

111*
1218

III3

l'Jl2

1238
12=8

1213
1238
12»8

11%
11%

11%
11%

12

117e»12 11T9®12 117e®12 11T«®12 11^8^12 H''6»12
12

12

I214

1214

The closing quotations to-day (Friday) at other important
Southern markets were as follows:
III2

Atlanta

III3

Columbus, Ga.
Columbus, Miss
Eufaula

11% Montgomery..

im

Kashville

ll^s

LittleEock....

11% Natchez

12
lli^
1112
ll»i»

Eiileigli

Bome
Selma
Shreveport

lH'i,

Receipts From the Plantations.— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
W»ek
Eniin]—

Ib83.

1889.

16.370

li.e 5 181.27:

117,842

44.191

38

5.020
9.010
15.268
10,166
12,156
6,129

1800.

28.242

16.586 l';2.2-7

36,228
29.065

22.411

16,40t' us.or-i

18.467

23
SO

SS,601

9,743

22,i5f:

7,600

8.776 107,442: 38,413

83,508

6

19,622

8,710

4.487

31,708

31,131

"

16.

••

1800.

68,888
58,905
44,1>9

1689.

32.603

2
»

June

1889.

69.218
60,445
48.610

1888.

IrsSS.

May
•'

BeeeipU at the Port*. St*k at Inttrior Towna. Ree'vU from Plant 'n*.

.

is.es.'j

92,942

The above statement shows:

1.

07.H

9,638
6.661
5,3lf

1

1880.

6.S7I
6,44!)

7,767
4.211
2.119

—That the total receipts from

the plantations since September 1, 1889, are 5,775,715 bales; in
1888-89 were 5,493,544 bales; in 1887-88 were 5,456,052 bales.
2.
That, although the receipts at the outports the past week
were 4,487 bales, the actual movement from plantations was
only 2,110 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 5 bales and for 1888 they were
5,129 bales.
^,,__«_
Amount of Cotton in Sioht June 6. In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to June 1, and also the
takings by Southern spinners to the same date, so as to give
iubstantially the amount of cotton now in sight.

—

^^

—

1888-89.

1889-90.

or

18

88.

1886-87.

jieeeipts at the ports to June 6 5,757,028 5,477,211.5,386,933 5,179,919
Interior stocks on June 6 in,
69,119
3,599
18,687|
16,333|
excess of September 1

BB

.

cotton at Southern and other principal cotton markets for each
day of the past week:

1

1

*Jos

(t*.

10 01

10 -*

r-»

•

CO:W

IC;

WC1

I-"

r-

w

I-*

;

oi

I

MCi!

(MO CO to ^ "q >-'

:

rf*.

rot. receipts from plantat'ns

Is

M

QOjf^'-'O

Net overland to June 1
Southern cousumpt'n to J'ne

CD

m ia» 03 <i<i w oi GD

CO

Mrf*-X_rf»._JC»U.h-aO*'-X^*-_^pCOyQDCQO
Oi OS

ate

tc© ^ C» CO

tOOCCCnOitCtt-Oiffirf^

h-

tw

o:toKi<i

O OU Ct tC to C

M|o

;

:

*

^i'

tooito.

a-

MO

ox*-"

"vt'Ci

rf*-

Northern spinners takings to
l,713,269'l,673.41 ill. 660,288 1,524,306
June 6

— rf^'-ltkOl-'C--IO CD*
X CD H Oi Ci CO h- o

to at QD C;

;

;

H*.

co<i.

It will be seen by the above that the increase in amount in sight
to-night, as compared with last year, is 293,772 bales, the excess a»

compared with 1887-88

W'

KkM:
ucDl

CDM*

^uoicco;

1

f,096,469 6,802,097 6,790,768 6,311,310

Totalin sight June 6

I

i-<

5.775,7155,493,544 5,456,052 5,183.518
880,751 881,153 936,716 771,792
440,000 428,000 398,000 356,000

is

305, 701 bales and the gain over 1886-87

reaches 785.159 bales.

—

Oi(;-00

to-

ooGcwu;

I-

Mh*
-^i->

03

Weather Reports by Telegraph. Advices to us to-night
by telegraph are generally of a very satisfactory tenor. There
has been little or no rain m most district?, and the temperature has been favorable to the rapid development of the plant
Blooms are renorted in Texas, Mississippi and Alabama.
Oalveston, Texas. The weather has been dry all the week.
The thermometer has ranged from 74 to 85, averaging 79.
May rainfall five inches and thirty-eight hundredths.
Palestine, Texas.— Ihexe has been no rain all the week.
Crops are doing well. Average thermometer 75, highest 90
and lowest 60. During the month of May the rainfall reached
seven inches and eighteen hundredtlis.
Buntsville. Texas.— W& have had dry weather all the week.
Corn is good and cotton excellent. The thermometer has
averaged 77, the highest being 92 and tlie lowest 62. Rainfall
during the month of May two inches and thirty-three

—

to

:

OlCCMCOOtO.

Mos

— ^JtOMl

:

cc:

WW
o:Mioy»''itoww(jo-q
c;<>^.icC)«D3>-'

O c w tc
10 en

MOMto;

M

-q

c;o-^^u»^x

r.joiJ'^-C'jxcjtc— ptoot_>&.

rf*-

CS ^1

wiocxuc"ixVi*occccc"cD^)*'-''btc;'00:

CO

1

-.J #1. fP.

c :d

o c ^l X to (C c >^ cs ix cc to 10 cjtc

-^1

to

HV'XcDx:c.<icc;toti5C&;tocjc:toxrf^(X

to
5s

CT

to

W-"

'

Mxx'-'— o»:

hundredths.

4-M3:Ctoto>

!- -4 0: to

*
t

w to

•

UiM

05

CS

M-:i'

CDOtJM

10

M Oi

I

1889 flftures are for Palestine. 1 1889 figures are for Petersburg, Ya.
Louisville in botli years are " net,"
H Corrected.

Dallas, Texas.— Dry weather has prevailed all the week and
crops are making fine progress. The wheat harvest has begun. The therniomer has averaged 78 and ranged from 64 to
92. During the month of May the rainfall reached four inches
and lif ly-eight himdredths.
San Antonio, Texas,— There has been no rain during the

June

THE CHKONICLE.

7, 1890.]

805

week. Prospects continue promisinK. The thermometer has of an inch on three days of the week. The crop is doing well,
Labor is nctaoe.
ranged from 63 to 93, averaging 78. During the niontli of May but there are some complaints of graiis
Some damage was done by a recent liail storm. Average
the rainfall reached two inches and nineteen hundredths.
splendid
condition.
Corn
is
thermometer
liigheut
are
in
79,
97,
lowest
63.
Texas.
Crops
LuHng,
Cliarleston, South Carolina.
No rain has fallen.
Rain has fallen on two days
tasselling and sorne cotton blooming.
Average thermometer 80, highest 92 and lowest 68. Rainfall of the week to the extent of fifty-four hundredths of an inch.
Tlie theremometer has averaged 77, ranging from 67 to 91.
for the month of May six inches and sixty-six hundredths.
Volumbia, Texas. The overflow has subsided and fields During the month of May the rainfall readied three inches
generally have been replanted. The weather has been dry. and sixty-seven hundredths.
Stateb'urg, South Carolina. It has rained on one day of the
The thermometer hieis averaged 81, the highest being 92 and
the lowest 70. During the month of May the rainfall reached week, the precipitation being forty- four hundredths of an iiMlb.
The tliermometer has ranged from 61 to 86, averaging 78'7.
eight inches ind thirty-three hundredths.
Cuero, Te.va.i. Crops are line and cotton blooms abundant. liainfall for the month of May six inches and thirteen hunThere has been no rain the past week. Tlio thermometer has dredths.
Wilson, North Carolina.— 'Rain has fallen on one day duraveraged 82, ranging from 68 to 96. Rainfall tor the month of
ing the week to the extent of eleven hundredths of an inch.
May two inches and twenty hundredths.
Brenham, Texas. Bottoms have been replanted and up- Average thermometer 79, highest 88, lowest 62.
The following statement we have also received by telegraph,
lands are doing finely. We have had dry weather all the
week. The thermometer has ranged from 68 to 93, averag- showing the height of the rivers at the points named at 3
o'clock Jime 5, 1890, and Juiy 6, 1889.
ing 80.
Belton, Texas. Dry weather has prevailed all the week.
'June 5, '90. JuM 6. '89
The wheat harvest is active and com and cotton look promising. Average thermometer 78, highest 92, lowest 66. Month's
Feel.
JTmI.

—

—

—

—

—

—

—

New OTl«an9

two inches and sixteen hundredths.
Weatherford, Texas.— The small grain harvest is active and
other crops are in good condition. No rain all the week. The
thermometer has averaged 78, the highest being 90 and the
lowest 66. Rainfall during the mouth of May two Inches and
rainfall

NilshvlUo
Slireveport

VIoktburR

Mote.

six hundredtlis.
have had rain on three days
New Orleans, Louisiana.
of the week, the precipitation reaching one inch and thirteen
hundredths. The thermometer has averaged 78. Rainfall for
month of May, five inches and thirty-two hundredths.
Shreveport, Louisiana. The week's precipitation has been
nine hundredths of an inch. The thermometer has ranged
from 67 to 92, averaging 80.
Columbus, Mississippi. It has rained on one day of the
week, the rainfall reaching fifty-six hundredths of an inch.
Average thermometer 76, highest 90, lowest 58.
Leland, Mississippi. Rainfall for the week forty-six hundredtlis of an inch. The thermometer has averaged 79*4, the
highest being 91 and the lowest 66.
Meridian, Mississippi. The weather was clear and warm
all the week up to Thursday night, when we had a good rain,
benefitting cotton. Crops are growing well. Prospects good.
cotton plant fifteen inches high with several squares on it has
been sent us from Shacelford plantation, and it is a fair representative of the crop in this section. The thermometer has
ranged from 56 to 90.
Clarksdale, Mississippi. Rain has fallen to the extent of
seventy-three hundredths of an inch during the week, benefit
ting cotton. During the month of May .the rainfall reached
four inches and nine hundredths on seven days.
Vicl^sburg, Mississippi.
It has been showery on one day of
the week, the rainfall reaching fifty-five hundredths of an
inch. Average thermometer, 84, highest 91, lowest 62.
Memphis, Tennessee.— Crops are progressing well. Rain fell
yesterday and it now threatens more. The rainfall reached
seventy-one hundredths of an inch. The thermometer has
ranged from 64 to 94, averaging 79. Month's rainfall four
inches and forty-two hundredths.
Nashville, Tennessee. Telegram not received.
Little Rock, Arkansas. It has rained on five days of the
week, but the weather is now clear. The rainfall reached
three inches and forty-eight hundredths. The thermometer
has averaged 76-1, the highest being 87 and the lowest 62.
had a nice shower last night the
Helena, Arkansas.
oply rain during the week. The precipitation reached fifty
hundredths of an inch. Crops are progressing satisfactorily.
The thermometer has averaged 78, ranging frbm 64 to 91.
Rainfall for the month of May five inches and eighty hun-

—We

—

—

—

A

—

—

—

— We

•dredths.

—

;

—

dry

Montgomery, Alabama.
and hot all the week. The fij^t cotton bloom was received
last Tuesday.
The outlook is good. The thermometer has
averaged 78, ranging from 66 to 91. During the month of
May the rainfall reached ten inches and nineteen hundredths.
Selma, Alabama. We have had rain on one day of the
week, the rainfall reaching nine hundredths of an inch.
The thermometer has ranged from 65 to 88, averaging 72.
May rainfall, three inches and seventy hundredths.
Auburn, Alabama. During the month of May the rainfall
reached six inches and eighteen hundredths.
Madi-ion, Florida. We have had rain on three days to the
extent of two inches and fifty hundredths. The thermometer
has averaged 75, the highest being 84, and the lowest 66.
Columbus, Georgia.—There has been no rain durilig the
week. The thermometer has averaged 84, ranging from 71 to
92.
Rainfall for the month of May eight inches and six hun-

—

—
—

dredths.

—

The weather has been

fine,

SO

3-0
0-9
19-7
J

211

40-8

—Reports are now made In feet and'tentb*.

—

BOMBAY BECEIPTS AND SBITHENTg FOR POUR YEAR».
Shipmtntt

[

BriFn.

Shipment* since Jan.

this week.

Tear Oreat Conti-

_

,

OontiBrilain] nent.

"oial.

nent.

Beeeipls.

1.

Oreat

,

This
Week.

Total.

Since

Jan.

1.

18901 1 4,000'31 .000 l.'J.OOO 2X0,000903,000' 1.1 S9,0OO'72.00O' 1 .7o.'S,000
18801 8.000, lil.OOO -27.000 3H0.000 768,00011, 0!t8.000 1«.000 1,404.000
1888 4.000, IS, 000, 31,000, 17-2.000,493,000i Cti.'),000 10,000 l,13(i.000
1887!20,OO0l58,00Ol78,000l2»5,0O0l5C9,0O0l 864,000 (iO.OOO 1,273,000

According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipts of
24,000 bales, and an increase in shipments of 18,000 bales, and
the shipments since January 1 show an increase of 91,000 bales.
The movement at Calcutta, Madras, and other India ports for
the la^t reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon
Tuticorin. Kurrachee and Coconada.
Shipments for
Oreat
Britain.

th e

Shipnien « since January

week.

Continint.

Total.

Oreat
Britain.

Continent.

1,

Total

Calcutta

1890
1889

1,000

1,000

21.000
26,000

68.000
38,000

89,000
6i,00O

.j.OOO

5,000

5,000
2,000

10,000
7,0OO

18,000
16,000

34.000
43,000

91.000
56,000

133,000
114,000

Madras—
1890
1889
All others—

1890
1889
Total

2,000

1.000

2.000
1,000

16,000
27,000

1,000
1,000

3,000

42,000
58.000

•

*•

.

aU-

1890
1889

2,000

LOGS

.

The above totals for the week show that the movement from
Ihe ports other than Bombay is 2,000 bales more than the same
weet last year. For the whole of India, therefore, the total
shipments since January 1, 1890, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO ECBOPE FROM ALL IKDtA.
1890.

—

Mobile, Alabama. The crop is developing promisingly
there are few complaints. Rain has fallen on three days of
the week, the precipitation reaching one inch and twenty-six
hundredths. The thermometer has averaged 77, the highest
being 87 and the lowest 64.

»••
20-6

13-4

India Cotton Movement from all Ports. The receipts
and shipments- of cotton at Bombay have been as follows tor
the week and year, bringing the figures down to June 5.

—

—

Above low-water mark.
Above low-wator iiiurk.
Above low-wator mark.
Above low-water mark.
Above low-water mark.

Memphis

1889.

1898.

,

Sh ipments

Europe
from —

to all

This
week.

Bombay
45.000
aU other iiorts. 3,000
TotBl

1

1

Since

Jan.

1.

This
week.

7Au

Sinee

Jan.

week.

1.

Sinre

1

\

Jan. 1

1,189,000' 27,000,1,098,000 41,000
133,0O0|
1,000|
l,000l 114,000|

706,000
127,000

48,000 1,322,000] 28,000 1,2 12,000! 42.00o|

833,000

Alexandria Receipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The "following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,

June

4.

Receipts (cantars*)
This week
Biuce Sept. 1

1880-90.

1.000
,8,151.000
thia
Sinee
week. \Sepl. 1.
I

1887-88.

1888-80.

1,000
720,000
This

2.000
S,876,0li0

Since
I

teeek. 'Sept.

1.

This
Sinee
week. ISft. 1.
I

Bxportd (bales)-

lo Liverpool..
To Continent.

1,000258.000
2,000:154,000

1,000 222,000
l.UUO 151,0001

1,0(K>!240,000

2,000 15«,000

Savannah, Georgia. ^We have had rain on three days of
Total Enrope
8.00OUl2,0OO 8.000 373,O0O;l 3.0001 196.O0O
the week, the rainfall reaching thirty-seven hundredths of an
* A cantar is 98 pounds.
inch. The thermometer has ranged from 64 to 89, averaging
This statement shows that the receiv)ts for the week ending
75. May rainfall three inches and twelve hundredths.
Augusta, Georgia. The weather has been warm, and gener- June 4 were 1,000 cantars and the shipments to all Europe
ally dry, with light rain to the extent of seventeen hundredths 3,000 bales. "

—

^^

THE

806

chro:nicle.

—

[Vol.

U

M ANCHKSTER MARKET. Our report received by cable to-night Comparative Port Receipts and Daily Ckop Movement.
from Manchester states that the market is dull for both yams
A comparison of the port movement by weeks is not accurate
•nd shirtings. The demand for both India and China is poor. as the weeks in different years do not end on the same da? of
We give the prices for to-day below, and leave those for the month. We have consequently added to our other standing
previous weeks of this and last year for comparison:
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
1890.
1889.
movement for the years named.
The movements since
CoU'n
CoU'n Sept. 1. 1889, and in previous years, have been as follows:
8>4 ite.
32f Oop.
32t Oop.
SM lbs.
Twin.

Shirtings.

—

Mid.
VpltU

Shirtings.

Turitt.

Hid.
Vplds

Tear Beginning September

Monthly
d.
d.
87,g»81!<l,

A.

e 4

%.

d.

«7 4
«7 4

d.

d.

d.

8.

d.

s.

d.

I.

d.

lia»7 2
6
"
«8ia
67, g
113*7 2
9 81,6»8l3l6 6 4
6
®8ia
liaa7 2
16 87.a«8i3,e 6 4 «7 4
6
8
61a
es 81a aig's 6 4>a2c7 41$ 6»i,
O ®7 1
6
30 81a »8'e 6 3I997 41a
T'e aSSb 5 1lia»7 Oi* 6
J-BeCiSia »8'8 !<• 4ia»7 413 6»ia i7'?g ^83b '5 11 »? Qia 6'ig
OUB Cotton Acreaqb REa^jRT. Our cotton acreage report
'BSig

8
8

6'i«

6
6
6
6

—

Parties
will probably be ready about the 12th of June.
desiring the circular in quantities, with their business card
printed thereon, should send in^heir orders as soon as possible,
to ensure early delivery.

eeeiptt.

Bept'mb'r

October

Hovemb'r
Decemb'r
January
February
March. ..
April....

May

1889.

1888.

1887.

561,710

332,017

654,776

1886.

1885.

1884.

359,203 885, 642 345,446
1,325,358 1,133,016 1,'213,404 1,034,450 1,055, 524 1.090,386
1,257,520 1,159,063 1,178,436 1,197,259 1,083, 552 1.122,164
1,116,928 1,103,713 963,584 1.164,886 1,069, 920 1,104,211
700.909 718.091 527,570 644,681 543, 393 475,757
410,044 461,201 311,274 404,272 414, 656 261,449
213,6971 330,510 225,042 258,332 283, 645
163,503
110,053 166,571
128,721
89,186 202, 866 103,375
131,498
57,362
6e,3ii<
47,426 133, 147
35,575

—

5,753,5815,470,501 5,364,305 5,172,415 5,172,345 4.701,864
There is not much de- Total
bagging and the market favors buyers. Small or- Perc'tage of tot. port|
98-61
95-75
96-32
receipts May 31.
95-84
98-14
ders are coming in which are being filled at 55^c. for 11,^-lb.,
6Mc. for l^-lb.,7c. for2-lb. and 73^c. for standard. Only a
This Statement shows that up to May 31 the receipts
few small transactions are reported in jute butts on the basis of at the ports this year were 283,080 bales more than in
l*66@l'60c. for paper grades and 'l%(§2}4c. for bagging 1888-89 and 389,276 bales more than at the same time in 1887-38
quality.
By adding to the totals to April 30 the daily receipts since
New York Cotton Exchange—Annual Election. The that time we shall be able to reach an exact comparison of
annual election of officers and manageis of the New York the movement for the different .years.
Cotton Exchange was held on Monday, June 3. The follow1889-90, 1888-89. 1887-88. 1886 87. 1885-86. 1884-86.
ing were the successful candidates: President, C. W. Ide;
"Vice-President, J. O. Bloss; Treasurer, Walter T. Miller; ManTo. Ap.30 ,696,219 ,404.182 ,232,807 ,124,989 5,039,198 1,666,289
agers, Meyer H. Lehman, Theo. P. Kalli, R. H. Allen, Robert May 1....
2,544
2,350
5,255
8.
3,979
2,633
Wolfenden, William Ray, J. M. White, Geo. Brennecke, Ad,
" 2,...
3,426
2,400
4,298
813
8.
1,247
Norden, R. H. Rountree, Samuel Sondheim, T. M. Robinson,
" 3....
7,018
3,134
5,771
2,519
6,983
6.
Samuel Hopkins, W. T. Tannahill, A. N. Selter and Paul " 4....
7,73.=.
B.
2,119
1,388
5,843
900
SchwaxE, Trustee of Gratuity Fund for three years, G«orge
" 5....
8.
4,145
4,00(1
3,348
7,141
1,.591
Copeland, for two years, R. H. Rountree, and for one year,
'•
5,163
6....
1,988
8.
2,174
5,330
Go 8
N. Herman.
" 7....
6,302
1,566
6,169
821
9,874
1,814
Cotton Consumption and Overland Movement to June 1.
2,664
4,225
8,437
8.
3,802
2,333
— In consequence of the small movement during May, we "" 8....
1,496
9....
1,350
6,153
1,128
B.
2,030
we omit giving the usual extensive details of the overland " 10...
4,663
5,132
577
2,253
8,994
S.
movement. Below, however, we present a synopsis for the
•' 11...
2,369
6,03a
8.
3,321
7,082
1,907
month of May and for the nine months of the season to June 1
"
S.

Jute, Jute Butts, Bagging, &c.

mand

for

!

—

12...

Oro88 overland for May
enwg oveiland for 9 raontha
Set overland for May
Net overlaDd for 9 months
Fort receipts In May
Port receipts in 9 montlis

bales

Exports In May
Exports Id 9 montbs
Port stocks on May 31
Northern spinners' takings to June 1
Southern spinners' takings to June 1
Orerland to Canada tor 9 months (Included Id net overland)

Bunt North and South in 9 months
Btookat Noi'th'n interior markets June
Came In sight during May
Amount of crop in sight June 1
Average weight of bales

1

1889-90.

1888-89

1887-88

24,449
1,395,839
14,553
880,754
57,362
5,753,581
102,179
4,748,646
182,592
1,710,026
440,000

33,365
1,432,210
8,826
881,1S3
66,319
5,470,501
187,011
4,523,606
288,646
1,673.322
428,000

63,038
1,350,812
41,186
936,716
131,498
5,364,305
220,745
4,282,985
401,885
1,654,949
398,000

50,416
44,693
39,090
5,423
5,628
7,902
6,053
8,886
3,303
60,516
58.483
112,184
7,096,935 6,802,692 6,783,521
496-59
49616
48511

Cotton Report for the Msiiphis District for the
Porter & Macrae, of Memphis,
have furnished us by telegraph a synopsis of their report for
the month of May on the cotton crop in the Memphis District.
It is compiled from 679 returns, and is as follows:

Month op May. —Messrs.

Five hundred and forty-eight correspondents state that stands are
better than Isst year, flftj-nine the same and seventy-lwo not so
goort. Kc-planting has not beeu necessary according to Uve hundred
and Blxt4>en replies, but the remaining one Dundred and sixty tliree s »y
It has. Three hundred and sixty-four report the plant as more lorward
than at the eaiue date last year, two hundred and sixty less and fiftylive the same. Rains have been sulflcleot. To the inquiry "is crop
clean 1" two hundred and tixt.y-one reply yes. two hundred and forty
say it is gruscy and one hundred ar.d seventv-eight report it in fair eoadtlon. The size ot the plant compared with last year Is stated to be
larger bv three hundred and sixty-three. «m»ller by two hundred and
thinyniEe, while the remaii ing seventy-feven iay the same Uplands
aieabout ten dtys in advance of 1889 and river districts hfteen days
later.

&

Messrs. Porter
Macrae have also received returns from
forty-six towns in Texas, of whicli six report stands better
than last year, sixteen very good and twenty-four not so good.

Considerable re-planting has been necessary on account of excessive rains. The fields, however, are in fair condition, and
prospects are improving rapidly with the good weather.

Cotton Blooms and

Squares.— Our correspondent

at

Meridian, Miss., telegraphs us to-day that he has received

" 13....
" 14....
" 15....
" 16....
" 17....
" 18....
" 19....
" 20...
" 21....

" 22....
"
"
"
"

2,196
6,038

272
1,701
1,121
1,394

1,114

4,248
2,252
1,104
3,978

S.

907
1,031

25....

8.

" 31...

900
3,415

8.

23....
21....

26....
" 27....
" 28....
" 29....
" 30....

3,851

1,169
3,772
1.892

2,991
1,446

1,870
1,954
401
1,109
3,295

445
S.

991

1,100
2,633

1,410
1,904
1,040

1,067
1,982

463

8.

5,131
7,001
3,145
4,066
6,871
3,267
8.

4,055
4,827
2,469
3,511
5,742
2,824
8.

4,137
5,41(

3,666
3,573

1,791
3,355

3,966
4,743
6,167
5.699

963
8.

2,164
1,598
2,965
2,519
1,209
8.

1,453
1,588
1,427
1,200
2,888
1,626

878
2,284
1,369

6,012
5,591
3,012
2,890
6,243
3,153

2,150

8.

1,203

8.

921
1,280

989
720

3,549
4,311
3,121
3,498
4,948
3,721

8.

1,262
1,239

8.

875
1,215

600
1,153
1.918

503

S.

3,285

S.

5,172,34.'

1,701,864

3,70<

625
695
301
297

2,016
2,791
4,324
2,696
8.

1,396
1,146

Total . 5,757,028 5,474,860 5,380,520 5,171,876 5,187,472 4,706,424
Percentage ot total
97-20
98-54
98-68
port rec'pt« June 6
9604
9610
.

SHlPPESa News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
29,392 bales. 80 far as the Southern ports are concerned, these
we the saqae exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total Itaies,
Liverpool, per steamers Alaska, 1,884
Bothnia. 1,944
Aurania, 345
Assyria. 874
Britannic, 1,648
City of Chester. 1,672... City of Rome,
706....Cuflc. l,556-...England, b78....St. Maniock,84a. 12,349
200
To Hull, per steamer Galileo, 200

Nbw York—To

To Bremen, per steamer Lahn, 77
To Hamburg, per steamer Rhaetla, 200.....
To Antwerp, per steamer Noordland, 26.
To Barcelona, per steamer Neustria, 100
To Lisbon, per steamer Pontiac, 5'z7
Hew Oblkans—To Liverpool, per steamers Australian, 3,685

from the Shacelford plantation a cotton plant fifteen inches
high, with several squares on ft, and further states that it is a
Discoyerer, 4,200
....Bernard Hall, 3,284
Savannah— To Barcelona, per steamer Carlton, 3,100
fair sample of the crop in that section.
Ca<liz. 328
steamer
Liverpool,
per
West
Poini^-To
The editor of the Greenville (Miss.) Times received on Thurs- Boston- To Yarmouth, per steamer Yarmouth,
119...
day from Mr. George G. Bronson, of Lake Washington Place, Baltimoke—To Bremen, per steamer Karlsruhe, 449
the first cotton bloom of the season. This is said to be the
To Rotterdam, per steamei- Urbino, It
Ohio, 568
earliest bloom in the last twenty years.
Crops are reported to Philadklphia—To Liverpool, per steamer
be doing splendidly.

l,-279

8,

430

To.My.31 5,763,581 5,470,501 5,364,305 5,172,415
806
J'ne 1
8.
998
3,006
•'
1,416
2....
548
8,
2,569
" 3....
1,251
S.
794
635
" 4....
336
592
1,826
3,836
8,
" 5....
476
910
4,323
" 6...
424
1,066
603
2,482

1.035

Total

77
200
26
100
527
11,160
3,100

328
119
449
190
668
29,392

Junk

THE CHRONICI.R

iSSO.J

7,

New

Hull,

York.

m

b'irg,

200

20J

Lubon. mo»tK. Total.
26
627
13,47»

n,

77

11,16»

N. Orleans 11,169
8avaiii:Hh .

Boston

8,100

"328

West PulnC

^aa4

....

•

Bnitluiore
Fblladelp'a

558

•

Total.... 24,401

««*«

««*««

«*

«««

3,_10U

«•«

*«*•
»»*«•

VM**-*

449

««•»
X&CV

«BvBSa

190

•••B

****

«*«

•• «*

200

200

526

216 3.727

^^O
^117
«3tf
OOc)

«»«

119 29,392

we aid

the clearaaoes this week of vessels carrying
ootton from United States ports, bringing our data down to
"^-^lovr

K«w Orleans—To

Liverpool— June 3— Steamers Gorernor, 5,127
June 5 — Ste mer Andi'-an. 2, '242.
NORFoLK-ToLiveriiool— May 30— Steamer Enrlqne, 180.
May 29—
Boston- To Mvrriiooi— May '2:1 - st» ainer Pavnuia, 272
Mav 31—Steamer
Steaiuirs C'latoniii, 1,040; KatisHS, 647
Palea lue, 542 .. Jua» :<- Sieanjers Koman.
Virflulan,
Baltimukk— Tn Livurpool- May '29— Steamer Yorkshire,
June
June 3—Steamer BuenotAyrean,
2-8teiimer LaucatUire,

——

;

PHtiAi>Ki.piiiA— To l.tverpool— June

,

.

Hon.

Tutt.

WtdtiU.

TKur:

>y»

>.*

"8*

•.4

»l«

lis

'4'S5l6

^»Hi

'4®5l8

>4*«16

Battir.

Do

late dcllv'y.d.

Havre, steaiu

Do

e.

Ball

^»»1«

c.
"

Bremen, steam

Do

Tie

c.

A.m8t'd'm, steam

Do

'is

.

i«jia>7,a I'saa'js

I

'u

'is

c.

"ai^'is l»S3«'lS lS32'9'n

45'

45*

45*

45*

45-

'64

"si

!»««

•8«4

IS„

Indirect., d.

Beval, steam ....d.

Do

d.

sail

Baroelona,Bteam d.
Genoa, steam .. .d.
Trteste, steam.

.

d.

Antwerp, Hteam

d.

100

* Per

»3a

»3a
lSe4

"«4

Hi

—By cable from Liverpool we have the following

•tateiuf'nt of the

week's

sales, stocks, &c., at that iwrt.

Mayli
Bales of the

week

bales

Of which eziiurters took
Of which speculators took. .
Bales American
Actual ex port
Forwarded
Total slock— Estimated
Of which American— Estlm'd
Total Import of the week
UI which American.
.....

Amount

H:

lbs.

Ljverpool.

**

'is

Indirect, c.

Hamburg, steam. c.
Do via iudlrect.c.

ahuat...

which Aiitcrloan

May 23.

61,000
67,000
3,000
2,000
9.000
6,000
44,000
63,000
9,000
6,000
6:^,000
65,000
,01 1,000 [,OOS,000
735.000 706,000
49,000
71,000
27,000
30,000
80,000
100,000
20.000
20,000

Saturday Monday. Tuesday.

Market,

Pniall

1:45 p. M.

Inquiry.

Mld.Upl'd8.
Bales
Spec.

Small

In buyers'
fay or.

6»8

May 30.
32,000
1,000

4,0(0
23,000
5,100
4^,000
986,000
676.000
32,000
10,0(10

85,000
25,t00

8.000
1,000

51

Wtdnet. TKurid'y.
Steady.

Inquiry.

658

5,000

& exp.

June 6
41,000
2,000
4,000
3'2,0OO

8,000
!>5,000

917,000
643,000
'24,000

15,000
110,000
35,000

Steady.

Friday.
Crreffnlar.

69,8

6»i8

6»18

6»18

6,000

8,000

6,000

500

500

10,000
1,000

500

i'utures.
Irrejf.

Market, )
1:45 P. H.^
Market,
4 P.M.

\

at

partlallT
1.B4 dec.

Barely

)

Sasy at

Sasyat

de-

SJ!4 de-

Steady,

Oolet at
8J)4de-

cline.

cline.

ollne.

Quiet.

Barely
steady.

golet.

Quiet and

l-ii4

Easy.

steady.

The opening,

highest, lowest

and closing

steady.

prices of futures a t
Prices are on the

Liverpool for each day are given below.
basis of Uplands, Low iVtiddling clause, unless otnerwise stated
TAe pneet are given
peruse and 641*
7Au* 5 63 means
563-64rt., >inr/ 6 01 mr.titf 6 I-H4>1.

nr

m

sat..

May

Jnne

8 88
June-July.. « 8U
Jnly-AuK.. 8 41

August

»U

AoE.-Sept.. 8 4m
Beptember. 8 40

eu9

1

Men., Jnne

'2.

Olot.

upm

4.

i.

It.

d.

eio

e.tu

8 40

8 31

6 40

8,S9

«4S!i

8<l

888 887 est 6.14
8!)» 6 8W 838 8 87

8 4i
8 40
8 40
8 10

H 42
8 40
8 40

8 40
6 42
8 4'2

640

838 636 6.S6
637 638 636 686
608 6C8 806 6 07
680 6 61 5 69 560
5 67 568 6C6 6 67
6 66 5 67 666 656
56« 567 656 568
5 67 6 58 658 667

8 40

809 810
6 81 6K2 S«l tni
6
08
611
NoT.-Ueo...
6
5S8 5 50
Dec,-Jan... 5 67 658 557 6S8
Jan.-reb... 6 67 668 5 67 668
Feb.. Moh.
Sept.-ooi...
Oct.-N..T...

.

31.

Open Btth Low
d.

Jaly-An>
AOKuat
Aos.-Sept..

September.
8ept.-Oot...

oct.-Nor~..
NuT.-Oeo...
l>ee.-JaD

...

8

31)

8.S7

BiQh bow. OlM.

d
8 37

6 39

1

d.

*

6 34

6M

8 67

6 37

Tnaa., J nne 3.
Ovtn

6 67

d.

6 51

6 67

4

635
685
6 38
8,S8

6 37

687
6 07
5 60
5 67

666
666
667

upM

H4a>

6M

d
6 84

d.

4.

684
684
638
6 37

686
636
606
669
6 58
6 65
6 56

666

'.low. Oloa.

684 61M
636
638
686 684
686 8 84
6 US 6 06 806
668 668 668
653 668 566
6 64 6 66 664
664I666 664
5661656 666i
688
646
896
684
684

6 86
8 87

,

'

ne

J

ffigJt

Unn.

d

4.

*

8 8<

S.'g

4

8118

8 1-4
6 J8
8 87

68< 684 88^
686 686 8SS
6116 637 6m
688 6«4 688
683 6 34 888
801 eos 8 04
6 67 668 8 67
654 5 5t 6 64
6 61 665 664
654 6:» 654
666 666 666

883
606
668
6 68
6 65

666
666

Om.

urm

684

6:)6

«.

681
683
•

M

6 87
• «4

• Si
«OII

66«
66(1

666
636
666

BREADSTUFF S.
Fridat. p. M.. Jane
for

wheat

1890.

6,

flour has been inactive for the

week

under review, except in cates where the desire to realize
caused some reduction to be made in values, wh n a better
business was donp. Flours that have been in store some
tinae were especially urged upon the market, owing to the
sudden ana extreme heat causing B'>me danger of tiieir souring.
To-day there was rather m ire doing in low grades.
For wheat it has been a " weather market" throughout.
The varying and often conflicting reports of crop urospects
were the most active influences upon values. There seems no
doubt that from the Pacific Coast and the Northwest there has
been some improvement, but other large areas make very
doleful reports of damage by insects and untimely storms.
Foreign advices have been duU, the export business has been
sluggish, and local millers have bought sparingly. On Tuesday afternoon a considerable line of imgraded red winter
sold at 82@96c, but this business was exceptional. To-day
an early advance was followed by a decline. The spot business embraced 33,000 bush. No. 3 Milwaukee for export at
95c. to arrive, and 16,000 bush. No. 1 hard spring for local
,

02%

delivered,

OAiLT oixwnia pkiosb or >o. 3 sao whiteb whbai
Thuf
Bed.
Man.
TufJt.
Wed.
June delivery
o. 93''8
95
9 %
95%
July d<>liTery
9.^^
o. 94 H
96%
95 H
9 38
93i«
94''8
August delivery
0.
94 •'8
95
95%
Sepuiuber delivery ....c. 9? =8
9.%
95
94 78
95%
96''8
December delivery
11638
9758
0. 95 >4
96%
Stay, '91, delivery
0. 99 U
100»8 101»» 100% 10038

Fr..

95 18

94%

94 '8
vela

100

Indian corn advanced. There was a very urgent export
demand, faid to be largely for France, which has just put an
import duty upon our great staple. To-day an early advance
was followed by more depression and the export movement
was on a restricted scale.
DAII.T OUWlnO PBI0B8 OF HO. 2 MIXBD OOBH.
Jane delivery

BaU
40

July delivery

41

0.
0.
AuKUft delivery
0.
September delivery ....c.

41%

Mon.

Tue*.

4CI4
41 1«

41»8

4238

42 >4
43

41%

4238

40''8

Wed.
40'8
41»B
42>4

43

Thuri.
41>4
4'2

42i>8

433g

Fn.
41

>4

41 '»
42««
4314

Oats have been active for export, causing a partial improvement in values, following a decline which tojk placid early in
the week.
DAILT OUMDIO PRIOB* OP NO. 3 MIXSD OATS
Jane delivery
July delivery
Augusc dnlivery
September delivery

o.
o.

*»>.
32''8

32i«

Jf'»'.

ri««'.

Wed.

32!%

327^
320g

3:51,

32

32%

o

Tkurr.
3379
33!%

Sm
30i6

Fri,

34
331,

31%
Slii

Rye has been dull and weak.
The following are closing quotatious

for wheat flour in
barrels. (Corresponding grades in sacks sdll sligutly bjlow
these figures)
FLOUR.
Fine
Superfine
Extra. No. 2
Extra, No. 1
Clears
8>ralghts
Patent, spring

V

bbl.

3

per bush...

Sprmg No.

2

Bed winter No. 2
Bed winter.

30» 4

30o
5 25*

10

..

WMte
Bye-

Pine

Corn meal-

4 iO
Western, Ao
Brandy wine
5 80
OKAIH.
o.
o.
Oom, per bush.—
03
West'j mixnd.Vbu
88 •!
.... • ....
WnHi'u mixed No.2.
95%» 97
Western yellow
Western white
80 WlOO
Oato-.viixed
»0 9100
4

WlieatBprlnt;,

92 00992 30 Patent, winter
»4 7.'>a$525
2 309 2 80 CltyshipplnK. enrae. 4 45 9 4 60
2ii5»3 35 Bye Hour, superllae.. 3 10« 3 25
3 7i» 4 25

Cow. 0l0>

d
835 «S6 8 34
685 636 634
688 638 687
63(1 839 688
6J7 es.-* 686
6 37 638 688
607 BOB 6 07
6 80 661 680
5 67 558 5 57
6 58 6 57 686
666 6 67 656
d.

reb.-Mch...

Lovj. Olm.

681 6 36 8 84
684 6 83 6 81
6(17 8 67 686
688 6 88 8 87
686 8 86 6,16
636 eSM 883
6 07 607 6U6
660 660 668
6 67 668 698
6 66 5 67 666
668 667 6 5}
6 67 6 67 666

milling at $1

The tone of the Liverpol market for spots and futures each
day of the week ending June 6, and the daily closing prices
of spot cotton, have been as follows:
apot.

It.

The market

O.tton freights the past week have been as folio vg:

steam d.

SMk

4.

.

3— Steamer Lord Qough,

To Antwi rp, June 3—Steamer BelKenland,

Li V erpool,

Jnns.
Jun»-Jnly

Jan .-Feb...

dales:

b..e latest

Opon

tetrp.

» rl..

Tkara., JnneS,

W«4nee., Jane 4<

rhe particulars of these Bhipmenta, arranged in our usual
iDrm, are as follows:
R'dam BnreeBam- Bre- <* .tm- lomi d TarlAvervool.
12,34i>

807

2

80»2U0

2 30» 3 4S
2 55* ....

40 9
41I9O
4: 9
43

9

43
42>i

44
46

30I9
34 "a
White
35 • 41
59
56
No. 2 mixed
35 9 36
3514 • 36 19
56
60
No. 2 white
The movement of breadstuifs to market is indicated in thti
Itatement below, prepared by us from the tigures of the New
york Produce Exchange. We first give the receipts at Western lake and river ports, arranged so an to presents thu oom •
parative movement for the week ending May 31. IU90. and
inoe A.u«ast 1, 1889, for each of the last three vearsi
Western, per. bush.
State and Jersey ..

9
9

THE CHRONICLR

808
BtceipU at—

OaU.

flow.

Barln.

Bin

B^>l'.1MU^>!BuJh.KOI^> S'uh.Stflh BiuTlSZ lb> Bu>k.4K Ih Bu. 66 Iht
59.705
8,548.e03
2,S11,887
126.653
40.318
;S3.23a
Olilcaffo
29.610
87.isr
141.800
31.000
82,000
159,800
MUwankee...
82,3H0
63.088
Dnlotb
86,897
307.840
Mliinespolli.
21.223
Toledo
S.W9
224.308
Detroit.. . .
2,8Sa
es.3ii
17.U14
S3.181
1.87B
4,1S4
Olereland. ..
7B.800
18.969
70.800
6.924
Bt.Loiii8
15.994
83.H«3
105.078
16.250
1.741.620
310.643
Peoria
I2,lCe
26.500
267,000
12,600
2,400
600,000

Tot.wk.

Bame
Same

18«.4«9

<>k.'89.

1>-S,e39

984,187
l,04",8e4

wk.'88.

S75.B75

1.439,443

"90.;

8inct Avg. I.
isse-go....
1868-89....
1S87-8R
.

.

4.863.450

3.608.783

823.9C2

117.989

3.959.986

2,123,417

3,494,136

3,010,454

54.607
87.394

83.246

10.211.800 109.691.478 153.885.863
8.170 302 83.839.5'6 104,618.698
10.638 3471 9^.811,795 76.917.802

80.874,313

38..'.sa

from—

New York
Boettm...
Portland.
Hontrt>al.

Wheat.

Com.

tUmr.

Bti'h.

Bblt.

375,928
15,969

518,825
46,816

55.278
25,175

58,772

18.V,414

16.000
111,600

338.958
67.315
196,944

29,826
P,332
54.456

PUladel
Baltlm're
N. Orl'ns.

482

N.Newa..

Lei4.923

Mexico

Bn,h.
690,467
6,593

Buth.
40,259

20',084

85,945

lo^ood
14,000

578,269 1,354,272

176,727

741.144

40,259

94,970

349,574 1,569,773

150,331

3,467

3,000

24,191

,

. .

31,'fiO.

May

24,'90.
1,'89.
2,'88.
4,'87.

*

Cincinnati.

22,451,931 12,6=5,-J71 6,050,732 712,708
22,458,003 11.078,702 4,384,318 768,204
20,20"\8ie 11,607,931 6,3:^5,(>32 1.103,450
26.425,426 9,210,452 5,399,291 206,412
42,45(',b71 12,709,312 3,453,327
259,344

Last week's stocks

:

this

605,489
6i0.3P5
498,535
328,001
194,550

week's not received.

'

983
24,970
2,499
2,259
1,604
7,177

5

388
45
266
843
92

998

44

Tjtal

9,025

22

887

1,276
4,022
3,766
7,535

3

Total
China, rla Vancouver..

ButK

876
13,760

95

l..'^81

1,389
6,055

53,119
20,398

2,593

65,650
26,714

7,444

73,517

2,592

92,364

From New England ailll point* direct.

The value of the New York exports since January 1 haTe
been 18,096,848 in 1890, against $8,818,118 in 1889.
The demand for staple cotton goods at first hands was
below the average of preceding weeks, but liberal shipments
of bleached shirtings and cambrics, wide sheetings, cotton
flannels, <fec., were made (from this city and direct from the
mills) on account of back orders.
The tone of the market
continues very firm and additional makes of brown and
bleached cottons, wide sheetings, quilts, &c., were marked
up by agents during the week. Bleached shirtings and wide
sheetings are in light supply and firm. Coarse yarn brown
sheetings are stiffly held oecauseof the advance in raw cotton,
and present prices are low and unremunerative at the mills.
Cotton yarns were in good demand, an4 closed firm with an
upward tendency. Dark ginghams were in good demand
and there were moderate dealings in dark prints. Print cloths
were quiet an d 64x64s have receded to 3?^ flat, while 56x608
are unchanged at 8c.
1890.

1889.

Stock of Print Olotht—
May 31.
Held by Providence manuTers...... 393,000
Fall River manufacturers
120,000
Providence speculators
None,
Outaide speculators (est)
18,000

Total stock (pieces)

June

531,000

1888.

June

1.

2.

87,000
29.000
None.
None.

9,000
6.000
None.
None.

116.000

15.000

FoEEiON Dky Goods.—The demand for foreign goods at
first hands was chiefly for relatively small parcels of specialties,

m^de

but importers

considerable deliveries of importation

which are being hurried forward as rapidly as possible,
because of the tariff legislation pending in Congress. The
jobbing trade in imported fabrics was comparatively light,
dress goods alone having shown a fair degree of animation.
Importations or Dry Goods.
orders,

1 1
B

?
g

Si
B=

si
g:

toco

1^

a

^
i

Si

s:
S:

:

§

E3

§

g;

i

THE DRY GOODS TRADE.
New York. Friday P. M., June 6, 1890
situation in the dry goods trade has not materially
changed during the week under review. The demand for
staple rotton Koodg at first hands was somewhat less active,
distributers having stocked up so ireely of late in atiticipation of future rtquirements that they are pretty well supplied
for the present. There was, however, a liberal movement in
some descriptions (from this city and direct from the mills)
on account of back orders, and prices remain firm. Domestic woolen goods were mostly quiet as regards new business,
but a large distribution of flanuela was made on account of
purchases at the recent auction sales. Foreign goods were in
irregular demand, and upon the whole sluggish, as is usually
the case " between seasons."
feature of the week was a
peremptory aiictinn sale of about 18,000 dozen silk handkerchiefs, the production of the Phoenix Manufacturinu ComEany. 'Ihe fale attracted a large company of lepresentative
uyers, and the entire ffering was promptly disposed of and
widely di-tributed at good average prices.

1.

2.302
16,311
1,516

841
43

2,285
14,633
1,515

South America
Other countries ..
'

4,448

,

Central America..

Peat.

44

100

Arabia

Week. SineeJan.

1.

2,453

,

67.341670 22.392.850

DV*.

122
41
100

Great Britain
Other European.
China

the

1889.

Week. Since Jan.

Africa
West Indies

9aU.

1890.

New York to JnuB 4.

5.6'5S.383

grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, May 31, 1890:
Whtat,
Corn,
Barlex
OaU,
Bye,
In ttore at—
b^ith,
bitth.
buah,
buiii.
bU9k.
New York
2,330,-76 1,670,665 786,230
31,749
12,011
Do afloat
320,000
116,200
34,200
Albany
82.400 169,800
25,500
Baffalo
970,603
32<,106 474.702
16,085
94,219
CIlcaKO
4,521,928 4,623.359 2,207,217 370,876
71,173
Milwaukee
bf> 1 ,648
3,296
709
53,023 126,691
DUath
3,248,651
1.628
2,375
""862
Toledo
"1,580
4S)9,g33
169,052
8,732
3",0i 9
Detroit
222.764
7,291
1,823
2,497
Oswetro
180,O0<'
86.000
20.000
St. LoutR
"8,034
466,148 1,015,824 177,4'59
3,349
Do afloat
74,000
ClQolnnati*
6,000
12.0O0
1,000
"i;cod
3,000
Boston
27,238
285.030
54.925
123
4,352
Toronto
115,479
1,001
1,606
1,170
7,M19
Montreal
111,110
214,615
98.670
62,013
77,330
Philadelphia
51,219
538,708 103,867
Peoria
13,585
199,055 221,893
19,393
1,503
Indianapolis
,'i9,285
5,167
30.580
Baltimore
238.V60
518,537
98.646
i0,822
Minneapolis
7,775,056
12,805
8t. Paul.
250,000
On MtBBlBfllppl...
414,456 129.736
OuLakes
'27,000
272,548 1,456,863 1,2H0,389
On canal & river.
34-' ,000
921,300 232,100
58,06b

Jure
June
Juue

packages, valued at $69,697, their destination being to
points specified in the table below:

4.550.791

The visible supply of

Tot.
Tot.
Tot.
Tot.

—

OOHESTIO CtoTTON GOODS. The exports of cotton goods
from this poiii for the week ending June 4 were 1,889

24.557.322

Rlolun'd

Tot.May

livery.

23,045.384

2,178

Tot-week.
B'me time
1889...

pretty good orders were placed for wool hosiery, heavy shirts
and drawers, cardigans and fancy knit woolens for later de-

India

The ezportR from the several seaboard ports for the weeh
ending May 81, 1890, are shown in the annexed statement
trporu

[Vol. L.

CO

CO

The

K)03

tOMta
00
OS 50 <)*'»

o-ic;'Or-

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coc;'Cotoca

to to
en CO

coc o»-co

I'
to to

m05

toj-j

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M --J CO top

to oi to to

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rf>'_tOCOWC»«

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cctc

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Domestic Woolen Goods.— There was a light duplication
too
for heavy ilothing woolens at first hands, atid agents
continued to make steady shipments of heavy fancy cassiO X) -J kJ
M
meres, worsted suiting,-* and trouserings, kerseys, &c., in
C«3^
execution of former orders. Stocks of heavy woolens are
well in hand, as a rule, and prices remain steady. Light
weight cassimeri s and worsteds were taken in small parcels
O'OO
(XWOrf»-M
for ihe renewal of necessary assortments, and desirable
o:to
l«>-tOOD<I
"4 03
10 Oi CO ** cn
mhke> are firmly held. Cloakings, jersey cloths and stockinets were quiet but steady, and there was a light bu.sinees in
satini ts and doeskin jeans.
Flannels were quiet in demand,
but active in movemtnt, and there was a moderate call for
white aod colored blankets. St It wool and worsted dress
QDO ^VjCOQDM
COtOUtCJOCO
goods were in Ifiiuf flepiand f pr thp coming sepsop, and some
*;! _VtO 00 CD 1^00 CO

demand

ex.

coo

MlOtOMOS
o; tot- OKI

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tOH'-lMKl

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roOKtCn Ot

00 b: Vi

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c*;

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OS

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oto

OlOODCO*.

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COOi

IP-

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CHO
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MOO

aoxo»osM

c;ii-»

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If*

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M O 3: *>
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