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HUNT'S MERCHANTS' MAGAZINE,
RBPRK3BNriNQ THE INDUSTRIAL AND COMMERCIAL INTERESTa OF THB UNITED 8TATK8..
VOL.
SATURDAY. JUNE
48.
8.
NO.
1889.
The bank exchanges for May exhibit
total for April of about four hundred
For One Year (Inclndlnt; postage)
910 20
For Sir Months
do.
6 10
Enropean SubBorlptlondnoluoingpoBtaare)
11 28
Baropcau Subscription Six Months (including postage) ...
6 64
Annual subsoriptlon In London (Including postage)
M2 7».
SlxMos.
do
do
do
Ml 8b.
B. DANA & Co., Publlntaera,
wrLLiAM H nANi
!»» William Street, NEtV VUKK. '
I^aJf^Fmrn
joas a. rLOTD, j
^^^^^ Office Box 958.
NewTork.
I
Providence...
Hartford
'
the more important cities the figures cover only
days in consequence of the holiday on Thursday.
Contrasted with the week of 1888 (in which also only five
days were included), there is a gain in the whole country of
all of
Total N. Bn«
five business
Philadelphia..
689,61 2,UC8
t
508,353,643
+36-7
(karo.
iOotton
6a(M.
iQrain
bvahelM.
(PttroUum
tbta.
Boston
(1.927.071)
(188.400)
(17,3B7,a57)
(5,533,000)
80,S84,861
4,056.100
1,515,881
960,848
984,843
908,243
ProTidence
Hartford
New Haven
SorinKfleld
Worceiiter
819,938
568.250
Portland
Lowell
Total
New
Kngland...
90,117,503
55,694,188
10,743,678
I0.8eo,as5
PlttabDrg
Baltimore
Syracuse
6e23i7
Total Middle
4)
0)
(.•)2,H»1,B87)
(-47-1)
(16,020,000)
(-67
71,810,408
4,208,1' 00
1,189.«98
1,061,368
866,668
849,724
83<,848
538,770
81,076,967
6e,788,6."fl
9.936,586
11.366,690
616,864
3)
+18-6
-3-0
->C8
+15-1
+«-9
+2-1
+3-6
+11-8
-6-8
-rSl
-4-8
-8-8
11,384,776
B67.987
8,789,887
77,866,548
81,699,607
65,Ii29.l42
59387,406
-73
9,278,750
563,205
8.913,900
4,306,604
g,81»,797
8,617,571
1,749,688
1,645,907
1,080,684
620,036
80,807,377
84,292,237
develund
Oolnmbas
8,897,383
8,934,100
1,902,700
1,576,510
Peoria
l,501!,»4a
Detroit
«...
Grand Rapids
Total Middle Western
Ban Franolsoo
Kansas City
Minneapolis
Omaha
Denver
Dalotb
Bt. Joaeph....
Los Anxelea
Wichita
Topeka
55ll,687
2.445,««
1,489,913
1,936.140
622.000
1,»;4,77»
1,071,768
949,000
rK,4ao
734384
+8-9
-26-0
+1B-S
-45-0
-1-6
800,.BO
487,783
386,428
985,471
+ 5-3
40,299,926
LoalsTllle
Memphis....
Richmond
all
.
41.201,558
14,316,898
-0^
426,632,907
371.571.871 +14-6
8.018,870,185
1.780,8l«.9a8
896.ISI,81S
47,5N!,100
878,064,807
+61
I3a6.^»av74
43,948300
1388,798,11*
»IO,aei380
Milwaukee....
I9.U78.48-.
17,797.164
100.P«6,668
Detroit
P.Omt. Cleveland
81.229.707
15.»13.90l
Culurabus
ll.aii2.000;
17,185377 +83-8
18.815346 t-!8-9
8305316 +S1-7
7.704,888 1-1»8
8361378 +81-6
PittBberK
Baltimore
Syracuse
490,803
604,874
-3-8
+48-3
-16-8
35,498,118
81,769,594
+11-7
1,014,197,960
888,488,686
ll90.19B.aM
8,7^,400
Peoria
7,3US,577
18,613.866
8^)88,518
£7«e:oti6
8,664,939
+6-9
+!«»
+!»»
+W
4a.0SO.184,
40,a7»30*
M.West
428,348,149
884,686,114
+8-6
1,968,477378
1.78B,44«391
i-w*
70,502,543
+0-1
330,471,0«0
37,414404
+86
Tot.
San FrauciBOO.
Kansas CItr...
Minneapolis...
:4.9683t>7
7360.900
....
Los Anueles..
WIclUta
Topeka
Total oth'r
St.
W
Lonls
—
Oalvestoo
Richmond
Total Soutk
Total
70.651,804
383673tl8l
19.719.827
17,752.749
17.340.06*1
5,78a.8e8l
8,814300|
8.378,714'
1,626347
88,788,388
88308,603
inMebjm
18.y48.76S
16.540386
16.667361
11377,488 +i
8,128,861 -S-1
5,674390 + !•
4,810,509 -41-8
3,377,188 +«-04
1306,470 +7T»
,
78,ei7,U4
77,011311
18317,818
78,68e4«6
40,1983^3
JM3«i300l
71368,441
•n388.<12
Mjii»a.ftyt
M3(6.k:'»
.f«-
:^-l
^a
*4i-5
87386317
8T,W.xi4 ^+»«
16.7kl'3;3
|T,l8ll3>^-48-L
14379341
18.U8.74l;,
_le3l937»'+«.-
8346378
+r4.
900,865,637
196,181,158
+8il
088318.083
85A.6463T1
88.738,646
73.797,0ae
81.496.148
86.082.049
8.648.286
6,907,000
8,748.778
8,178,470
+H-6
aB8.10«34'
MW.1 10.810 +.r»
8IM38831*'
!I4,604,8H1
81.999,460
9309,701
9,732,438
8,464,666
9,607,668
176336,747
+9^
+28-7
+6-6
+40-9
+80-5
-17-8
158340.764 +14-7
828344.380
147347.139,
87.178.714
463<1377
84.73S.628
16,iSS.a05
9aS,778.7e7
N. T. 1,889,730,381 1349,825.238
+9-01 H.f>4l.6l»4.997
47.86^<W
a4.7473M
n,7(l«387
8173S».l»,+tf
+!«
73«MI»«.gS6 +tl-
»
Our compilation embracing operations on the vMioM Hew^
York Exchangee now covers five months of 1889 and I800:
nor
Par VWhsI
.letwii
or QuonMn!
Fcalw.
Dutrt^tion.
+36-6
-0-4
-8M)
8H.98&984
+471 Btck {«;;;
BR. bonds..
-480 Oov't bonds
rol:SI
810,660
480,696
801,786
41,819,970
-9-8
-6-»
+881
+18 I Total
+ 16-6
+36-6
1387.913
1
BI5.«»4
-ib-l
39386,810
+28-6
<nn une
nv
rmlm.
88-3
1877
. .
Grsla.basb.
Attmal
1864
8868,217,060 I1H371S3.80- 64-8
PMt'm.bbls 847,106,000 1816.0116.446 fJI'SS
8.100.0110 '6413,7X1,658
Cotton, bis.
648.789360 tS8e3903a8|,814-80
+ 8-8
Par raisMi
&]M934o{
Bank stock*!
.
1,924.477
901,917
AMff
1674871088
>2r 49439800 1
8807,638,328 1177,104388
Btatebondai
ToUl
wsew l l^ laSB.
Hv«
tnontlu. 1880.
tSS3B3«S3K|ll48800a3M' •*»
OW.IWn.SIKI tsa7.977.7la 8S l-V
<8l-3»
4-I8ei
i-I
S7831Taa8| i57«;4M,4l»
M
I
Talae'
I
'
6301 37783781
.
.1.1-
i«a3i7,at3!4Q>
4,7e0,024,52i 4376378,l!63 +11-8 28.416366,901 19,661,173.678
all
+ 15-8 OoUlda
+8-1
+6-7
88,7S7.7eO
88318,499
«I3S13I7
+in
H-a
+88-9
688,708
8143II.7U +7-7
13388,17.1
Norfolk
94,089,306
+U-S.
13308,484
Orleans..
+8J^ New
Louisville
Memphis
+31-4
+7-7
•0384368
+.4-8
4«'S
-r4-»
+17-4
+17-J
+10-8
+lf«
7S,<S839e
.(-IS-A
8,658,604
+11-1
+ 18-0
97 316308
13g03DU.ieW4.19T
8,7*384
+18 Denver
8,291,801
8,180,000
1,927,068
1,633,068
8,964.981
86e.97>30»
Grand Rapid*.
+12-B
+ 16 8
4.192393
5,167390
+88-4 t,100.96e30«
-»-l-4
Indianapolis...
-01"
Dululh
+188 St.
Joseph
+-^11
^780,800
7361.407
1,9663T4
717,660
506,142
Cincinnati
St. Paul
+140 Omaha
64,461,187
10.686,460
+8-9
+0-9
6.^4.4H5
+11-8
-0-3
98,888.600
19,818,138
+60
(+800)
+16-6
+19-8
+1KI
5R5.<)7S
rblcaxo
+38-0
+6-7
—8-4
6,165,564
1,478,828
1,400,000
880,085
824
Oatslde New Tnrk.
* Not Included In total*.
.
8.800,582
8,286.170
6J74,177
Port Worth
Norfolk
aonthem
S,m323
+5-6
^
-3-1
+9-8
-6-0
-7-6
1».318,900
6/X!6,351
17,130,402
6,904,984
6,408,840
1,490,922
1,668,044
Lonls
New Orleans
Bt.
—41
15,807,407
7,540,748
8,427.406
8,616,588
8,246,459
Tacoma*
Total Other Weetem..
-3 2
+16-5
+69
1ML041.891
847334.077
13.441396
-1)1-1)
(-68.9)
(-69-8)
12,!S70,»40
+ 9-6
4,233,878 +611
8,833,896 +l»-»
16.a643M
(2,261,781)
(219,400)
(17,199,3371
(«,B09,000)
69,618,897
—S-4
+arO
+29-6
100,683,844
5310308
4.776,471
4,331308
1.471367.7168
968.088.7a3
730,487,180
89,842,735
4,860.700
1,656,141
l,15<,6<n
1,105,253
1,100,304
1,001.800
605,644
+61
-4-7
S,««,«44
Milwaukee
Total
(+108
(+S4
9,153,853
Bottiio
Total
l«24,g66)
(10a,400)
3,211,8081
+8-
+8-3
S.8<)9.l«<5 +18-1)
435,655,938
aalu of—
(Stock!
4.522.e8><
+1*6
8IW.84038I +16-9
47380.786 +16-.
58,484,784 -Org
Wuk EnA't Man 28.
1889.
2U.80«.IOo|
7.780,8321
5.050.000
6.832.096
4.71«.»74i
386.761.600
80,889,100
460,186,941
Total Middle
P, 0«nt.
408.RO4.799
S18.6ST.370l
55,865,145
68,806,945
8,884,447
22 '4 per cent.
1888.
p.cx.
3,070394,189.2,787,063.484
...
Boston
The returns of exchanges for the week ending June 1 exhibit New Haven...!
SprtnEaeld....i
a decline from the preceding week of eighty-seven millions of Worcester
Portland
dollars, but this falling off is due entirely to the fact that at Lowell
1889.
isea
1889.
CLEARING HOUSE RETURNS.
1.
nn Mlmau.
Mav.
M(WltHAM
Wuk SnMnt June
an incremw over the
and forty miUioiu of
doUars. Contrasted with the correH(>onding month of 18W
there is an excess in the aggregate of 11-8 per cent, notwithstanding the fact that the total at New York oorers one Ims
business day this year on account of the observance of Magr 1
as a holiday. For the five months the total for the whole
country records a gain of 14 per cent.
Terms of Subscription—Payable in Adrance
almost
1,250.
i|Stl4
The return.s of exchanges for the flye dap have ^e^iwaiivvti
bv telegrarih this evening. Contrasted with the oonwpoiMimiJ
fivedavK(if 1HS« the total for the ••'^ «*}«•/****».•" ."1
Our estimate for the fuU w«^ eoda«
creasf^ of 27 1 i.er cent.
per
June 8 indicates an ««3«s over a year ««ooraboat»7
faOme*
+S8H cent. Mee8rB.R.aDun*Oo.r«2ttheii«n^
to-night aa M6, tgaiBst S85 ftw the SMoai|»T^ for the week ended
time a year ago.
or
THE CHRONICLE,
740
THE FINANCIAL SITUATION.
On
in Pennsylvania, attended by so great a loss of
the interior of Great Britain of £268,000.
This export
with
£711,000,
for
the Continent
more
of
the course of our financial markets, the disaster
life
XLVm.
[Vol.
and Argentine
Republic
the
and
prospect
possible
the
for
of
takings
purposes
of
calls
the
for
its
pro-
A
movement posed changes in its currency, no doubt gave the
upward movement to money in London. So long,
doubt by the effort to supply the wants of a people ho'wever, as New York supplies so important a part of
stripped of everything.
That with the gold exports Europe's summer demands for gold (we are sending out
and some accumulation of currency by the Government, this week over 4| million dollars), the London rates
has absorbed the flow from the West and South and are not likely to advance very materially. At the same
probably left the banks poorer in reserve than a week time (though we notice that the London press was
ago.
In consequence of these conditions and the pros- anticipating near the close of May tliat the Bank
property, has had
very
little
of currency in that direction
influence.
is
observable, induced no
have been directors would lower the official quotation), in view of
the condition of Continental exchanges and this demand
been the offerings by German and Dutch bankers on call. for gold for Paris the last two weeks, a lower bank
This supply is said to be large and drawn hither prin- minimum must be remote now. The open market rate
cipally in connection with the operations in Oregon at Paris is 2\@^\ per cent, at Berlin it is If per cent,
Trans-Continental and other of the Villard properties. and at Frankfort it is If per cent.
The Bank of
There was a little flurry early in the week, which France is reported to have gained £1,613,520 gold
put the rate up to 4 per cent.
It was the result of during the week.
manipulation based on floating rumors that loans on
Our f oreigQ exchange market has been almost featurestock collateral were being made with difficulty because less the past week.
The tone for short sterling and
pect of further gold
affected to
some
exports,
extent.
A
call
loans
feature in that market has
of the absence of the usual facilities for obtaining quo-
and further that for the same reason
banks and trust companies contemplated calling in their
loans. Of course these rumors were promptly denied and
an immediate fall in the rate followed. Yesterday, with
the large 'engagements of gold announced for export,
rates were a little steadier.
There is no doubt that
bank policy is beginning to be influenced somewhat by
these continued takings of gold, and yet as long as the
surplus
reserve
is
large
and widely distributed
money cannot fail to be abundant. Of the *14,C05,G50
surplus reported by all the banks last Saturday only
$6,532,700 was held by four of the larger institutions.
The extremes for the week for call money, so far as
represented by bankers' balances, have been 4 and 1^ per
cent.
But very little has been loaned at eitlier figure
and the average may l)e called about 2| per cent, at
Banks and
which rate renewals have been made.
trust companies have attempted to hold their niiiiimuin
up to 3 per cent and with a good degree of success,
though on choice loans the latter institutions have actations of stocks,
Time
ce;£ted 2i per cent.
and the inquiry
still
is
loans are also a
good for
all
indisposed to place their
little
firmer
dates, but lenders are
money
for long time;
loans maturing about October are the most popular.
Quotations on first-class collateral are 2^@3 per cent
for sixty to ninety days, 3 per cent for four months,
3^ firm
year.
for five to six
months, and 4 per cent for
Commercial paper
is
all
the
only in fair demand, the
easier toward the close, but
was mainly due to a temporary lighter demand. There
has been no increase in the supply, and the bills offering are obviously not sufficient to meet the requirements
of remitters. The evidence of that is seen in the gold
which is being sent forward. This week the total shipments of gold are 14,783,125, of which $752,423 went
out on Wednesday; the remainder goes to-day. The
outflow will most likely continue for several weeks
cable transfers was a shade
it
niore unless rates of interest here should rise materially.
This is about the season when bills are usually drawn
and
enough to
in anticipation of shipments of cotton
and
rates
of
sterling are high
transactions provided a profit could be
if
made by
the use
however that
change
would
conditions
the
of the proceeds of such drafts.
has not been the case;
breadstuffs,
justify such
Thus
far
the rates of interest advanced.
The iron trade has been so often taken as the gauge
activity that many are surprised to find
increased transactions reported throughout the country
at a time when that trade has been in a comparatively
We have in fact had an inquiry
depressed condition.
of industrial
made
of us this
week respecting Pittsburg.
That
city
almost constantly showing bank clearings in excess
of 1888, while in 1888 its clearings were in excess of
1887, and yet the iron trade in 1887 was far more prosOur correspondent can
perous than it has been since.
is
not understand this apparent contradiction and yet it
The confusion arises in part
is no contradiction.
Even
buy as they were, and short through making volume and price convertible.
most sought for. The supply is supposing that Pittsburg's clearings are wholly conbetter than it was and there are some very good names trolled by its iron transactions, that trade may be
Rates are 3@3^ per cent for sixty to depressed because values are low while at the same time
in the market.
ninety days endorsed bills receivable, 3|@4^ per cent the quantity changing hands may be increased. The
ior four months acceptances, and 4^@5^ per cent for country in 1888 certainly produced more iron than ever
good single names having from four to six months to before in its history, and most likely is producing no less
banks not being
dates being in
so eager to
all cases
and very possibly the situation may be similar
There has also been a little improvement
with regard to the district tributary to Pittsbarg. At
Allegheny County,
discounts
of
reporting
money
in
London,
cable
for
the
all events this much is true— that
This Pennsylvania, turned out 890,569 tons of pig iron
sixty to ninety day bank bills at 1^ per cent.
advance is no doubt due to the large withdrawals from in 1888, against 897,849 tons in 1887, and with
the Bank of England of gold for export during the the exception of 1887 the 1888 production was very
run.
in 1889;
in the rate
which considerably larger than ever before, in fact almost
a private cable to us states was made up by receipts 100 per cent larger than it was in 1884. Besides,
from abroad (principally from Australia and 'bought") such a vigorous centre of industrial activity as Pittsof £377,000, by exports to the amount of £711,000 burg, is constantly developing wmmercially and in
week.
The Bank
reports a net loss of £602,000,
'
chiefly to France
and the Cape, and by shipmsntj to
so
vamj
directions that
the
loss;
iu aggregate trans-
JCNK
J
1
.
l^E CHRONK^LR
8, 188*.
may
741
many ways
We commented last week apon the difpodtion ana
tendency of railroad manager* to tupply fuller and mora
We refer to these matters here because they in some complete information with regard to their affairn and
measure account for the increase in clearings which we doings.
An excellent illustration is funiinlnd tbia
are reporting weekly, notwithstanding there are trrnles week in the report of the Southern Pacific for
actions from lower
values
iron
be in
recovered.
the l«t«
which
lire
said to lack prosperity.
The
country's aggre-
gate production of manufactures and raw material was
Below we give our
never so large as it is to-day.
calendar year.
The
report
is
in quarto form,
and coven
175 pages, thus making a large volume. It has the
merit too of being printed in clear, large type, and
altogether is a very creditable affair, no expense app«k-
monthly statement of bank clearings, and the total for
all the cities for May is 483:^ million dollars more than rently having been spared in getting it up.
It is worth
for the same month last year, and there has been an remarking how many companies now follow the plan
excess over 1888 every month since the current year of printing their statements in this form.
The PennA correspondent wants to know what this sylvania for a long time stood alone. With
began.
shows.
It shows that we have been marketing a cotton the
accession of Mr. Adams to the presidency,
crop of over 7 million bales, a corn crop of over the Union Pacific adopted the same style and
2,000 million bushels, iron and coal very largely in shape, and has continued it ever
since.
The
excess of three years back and about the same as last Central Pacific report for 1887 was also similarly given.
year the year of largest production, cotton goods The Erie and the Baltimore & Ohio took it up with the
and almost all other kinds of textile manufactures more fiscal year ending last September, and now comes the
than in any previous year. Besides that the country Southern- Pacific report cast in a like mold. Theae
is speculating not chiefly in railroad stocks, but in documents are not only evidence of a desire to give
everything else trust securities are a good illustration, increased information, but illustrate the rapid way in
and bank loans are the water-mark of the inflation. which extensive svstems of road are growing up and
Finally, we are importing five million dollars of mer- developing in this country, for with many of the roada
chandise (cost price without adding customs duties and the quarto form is a matter of necessity as well as of
distributers' profits) more per month than last year, and choice, the vast extent of their operations and the
last year's total was the largest in the country's record. large tabulations to which this leads, making it almost
These mere hints at the truth respecting the wonderful impossible to get the results up in any other shape.
The present Southern Pacific report is noted also for
activity now in progress, give all the explanation needed
the very extensive and comprehensive statements it confor a full understanding of the following statement.
MONTHLT CLSABINOg.
tains. The company being very largely a mere proprietary
concern, it has been the custom heretofore to confine
OlearlTtf Out«i<l« Ntw Tork.
CleaHnQS, Total An.
Month
the annual report chiefly to stating the results aa s
P.Ct.
1888.
1888.
P. CI,
1889.
1888.
;
whole, giving very
t
t
4,800.104.133
4,054 ,892,27B
»
4,03«,748.473 +19
8,5A2,956,4B1 +18-8
«
1,730,700.249
1,511,363,738 +14-5
1,469,762,259
1,349,427,564
4.48I,0,32,9M6
3,782,524,473
+18S
1,881,274,815
1,386.538,409 +13-2
lit quarter 13,336,32«,0O5 11,378,221,437 +17-2
4,781,736,823
4,257.524,701
JanQ&ry....
Febroarr
.
Mkrob
April
4,320,212.883
Mar
4,7e0.024,523
4,010,070,578
4,2;6.878.B«3
+7-7! 1,570,227.790, 1.437.734,1123
+ 11
3l
1.68!'.7W.384
1.54u.82ft.23M
+8-2
+12
1
+92
J-89
The above reflects the situation as we have indicated
it.
The expansion is not only in New York but outside
of New York. The May aggregate, including New York,
shows 483i millions increase, as already stated, while
New York is about 140 millions
There is no question as to the
larger than last year.
the aggregate outside of
little
space to the individual proper-
composing the system. But now full details for all
the separate roads and companies are presented.
In a
word, the Southern Pacific report comprehends a series of
reports, with full statements of earnings, operations and
The corporation is one of great magnitude,
finances.
and that makes a full account of its affairs essentiaL
Not counting the Houston & Texas Central or the
Mexican International, the company had about 6,000
miles of road at the end of 1888, extending from Portland, Oregon, and San Francisco, Cal., to Galveston
and New Orleans, with steamer lines to New
York, Havana and Mexico. Its capital stock waa
recently increased to an authorized amount of 150
ties
commercial and financial transactions are in
excess of a year ago, and the expansion is. still in progEven the iron market has imbibed the prevailing million dollars, with *107,299,2:0 actually outress.
The record of the standing on December 31, 1888. The income account
spirit and be§un to advance again.
a like tendency.
affords
Exchange
Stock
York
New
shows that during the late year the earnings reached
Below we give the monthly figures since January 1, as $46,699,615 gross and $15,990,939 net, being, as comkept and made up by us. The vast number of our pared with 1887, an increase in the one case of about
esteemed contemporaries who copy these and the forego- 8 million dollars and in the other of somewhat over
ing figures would confer a favor as well aa be a little half a million, the results covering an average of 246
more honest if they gave us credit for them.
miles more road. After paying about 10 million dollar*
SALES OF STOCKS AT THE XEW YORK STOCK KZCHANOir.
for interest and about three million net for rentals, with
1884.
1889.
$722,018 for betterments and additions, there remained
fact that
Month.
VolUM.
ATumfter
of Skara.
Par.
»
\
of
Sham.
t
12,322,826 1.0ie.»67,7B0
«&6. 104,9^0
»88,S7I,7S0
581.774.850
38017.3^0
285,112,894
s,na,ii7
5,»^,B«8
503,014.700
845,382,724,
8,145,1120
March.
8,146,105
631,950,35!
351,178,:38
981,«83,83«
411.' 93,400
673.794.760
»71,«8S,708
420.9«».9e0
4.821,012
7,165,? 1
»
210,126.646
178,38e,2S3
429.780,650
Istqr. 16,947,211 1,534,751,700
AetuaL
326,148,660
268,148,800
421.688,000
4,872,108
May....
Par.
«
Jan....
Feb....
April...
Yatua.
irumbtr
AetuaL
C.250.880
7,614,877
0.213,188
806.809,102
8U.4MJSS
a surplus on the operations of the year of $2,673,454, of
which fsl, 463,083 was payable to the proprietary lines,
In addition to the
leaving a balance of $1,209,371.
$722,018 betterment expenditures charged to earnings,
$3,744,851 more was spent on tho leased lines, which by
the terms of the lease the lessors are obliged to pay
themselves.
Exchange in
Returns of railroad earnings, gross and net, still
The
Some exceptionthan
in
May,
1888;
more
quite satisfactory as a rule.
dollars
million
continue
May were 106^
month of April
for
the
net
of
forein
the
statements
included
not
(which
are
ally
good
railroad
bonds
of
actual values of shares sold at the
going table) the totals were $37,312,454 in 1889, against
have been received this week.
130,031,008 in 1888.
Quincy reports
Thus the Burlington
a gain of $506,851,
&
with $180,878 more
THE CHRONICLE.
742
[Vol. XLVIII.
controlled, making together ^687,729. Johnstown, also occasioned a rather depressed feeling.
Burlington & Xorthern the gain in net is In the face of these circumstances, however, prices
The Atchison for the same month has in- were well maintained, so when the telegraph instru$76,233.
Then there is the Louisville ments were again put in motion on Thursday
creased its net 1323,149.
on the
On
&
lines
the
the tone became positively buoyant.
This
was
$545,714 for the four continued through a good part of yesterday, but in
The Mexican the afternoon the very heavy gold shipments, together
to April 30.
National has net of $34,588 this year in April, against with reports of heavy losses by a fire at Seattle, worked
a deficiency of $3,963 in April, 1888. Some of the a change of temper, and caused somewhat of a reacminor roads also make pretty good returns. The East tion in prices. Clev. Col. Cin. & Ind. quite unexpectTennessee for the month has lost a little, and the edly declared a dividend this week, and the Oregon
Nashville, which reports an improvement for the
month
and
months from January 1
of
of
$83,398,
Oregon Navigation has quite a considerable loss,
though not as heavy as in the months preceding.
We have also had this week a preliminary statement
of the Chicago & Northwestern for the fiscal year ending May 31. Of course the figures are in part estimated, but the showing is a very favorable one. The
Navigation also surprised the street with an extra dividend of 1 per cent. It is reported that the difficulties
between the Union and Northern Pacific with regard
company earned
and shipments of currency and gold by the
its
per cent on the
dividends in full at the rate of 6
common
stock and 7 per cent on the
and had left besides a surplus of $630,199 on
the year's operations. This is without any allowance
for receipts from land sales or the profit resulting on
to affairs in the Pacific Northwest, are in process of set-
tlement.
The
following statement gives the week's receipts
New York
banks.
preferred,
the operations of the trans-Missouri
which
is
lines,
To be
estimated at $138,822.
the latter of
&
Xorlhwett.
<3ros8 e.arDingH
Op. eip. & taxea....
1889.
1888.
*
t
85.618.904
121,581,281
Net earoiDRs
Int., rentals. &o
J
1SS7.
1
1889.
$
26,697,558
26,!«1,315
16,1)70.799
10,026,769
1885.
for stock...
15,070,342
23,502.056
13,793,907
11. 250,973
10,420,374'
9,708.149
6,278,156
5,194,197
6,594,363
6,151,101
4,753,603
4,838.0111
4.557.048
8,414,504
3,444,504;
6,050,776
3.444,504
3,444,504
3,981.349
1
Dividends
Net InteTior
Movement.
»3,893,I)Q0
$850,000
311,000
Gain. $3,038,000
$3,895,000
$1,170,000
Gain. $2,725,000
Gold
Total KOld and legal tenders.
AVith the
exports
the
Sub-Treasury operations
result
as follows.
is
It
311.030
LOSS.
and the gold
is
always to be
remembered, however, that the bank statement is a
statement of averages for the week, whereas the figures
below should reflect the actual change in the condition
of the banks as between Friday of last week and Friday
of this week, except that the gold engagements for
to-day are not included, but those for last Saturday are.
Week ending Jmie
Out of Banks.
7, 1889.
Banks Interior Movement, as above
8ul)-Treas. oper. and gold expts.
.
Amount
Shipped by
Y. Banks.
2V.
*
24,279,600
13,859,226
4.064,703
J
Received by
r. Banks
1889.
Currency..
sure, the surplus
Year ending May 31.
Chicago
7,
tf.
not as large as in the years preceding,
that for 1888
having been $1,309,099 and that for 1887 $2,612,273;
but considering the conditions which have prevailed the
company must be regarded as having done exceptionHere is a comparison for five years.
ally well.
is
Week ending June
$3,895,000
16,500.000
. .
j
$1,170,000
20.800,000
Total gold and legal tenders....! $19.395.000
Wet Change in
Bank Holdings,
Gain. $2,725,000
L,oss.
5.300.000
Loss $2 575.00
6.20,199
1,309,099
Surplus
2,812,272
1,381,507
575,699
Bullion holdings of European banks.
For the calerdar year 1888 there had been a slight
Jwne 6. 1889.
June 7, 18 ;8.
Banktof
deficiency, and the much better exhibit for the fiscal
aoid.
SUver.
Total
Oold.
sutler.
2otal.
year shows what a decided improvement has taken place
£
£
£
22,886,390
22.636,39^ 20,817,130
England
20,817,13)
in the five months of 1889.
42.899,018 49.905.554 92,801,572 4^,818.018 48.814,770 93,230.818
France
The Chicago Eock Island & Pacific figures for the Germany*... 31,985.334; 15,982.686 47,918.000 33.408.686 18,701.334 50,113.000
5,415,000l 15.670.000 81,115,000
5,880,000 14,955,000 20,915.000
fiscal year ending March 31 have also been issued.
We Aust.-Hung'y
6,480,000! 6,885.000 12.165,000
5.473.000 8,238.000 13,783,000
Netherlands..
8,788.000'
1,381.000
4.152,000
Nat.Belglum'
8,821,000 1,410,000
4,831.050
have not as yet been able to obtain the full report, but
111,193,748 89.827.220 200,880.988, 113,097.344 t«9.972.101 203,089,913
Tot.this
week
the published figures show a deficit below the dividends Tot.prev.Wk.'ll0.049.878'89.886.4Sl!H;9.718.3o9!ll2.3.S1.407
80,728,667 202.0.^8,073
This however is after paying dividends
of $974,334.
The division (between gold and silver) given In our table of coin and
to the amount of 5f per cent, whereas now the rate is bullion In the Bank of Germany and the Bank of Belgium la made from
only 4 per cent per annum. On the basis of this latter the liest estimate we are able to obtain; in neither case la it claimed to
be accurate, as those banks make no distinction in thei» weekly reports,
late of distribution, the deficit would be only $166,650. merely reporting the total gold and silver, bat we believe the division
As to the current returns of gross earnings by the roads we make is a close approximation.
Note.—We receive the above results weekly by cable, and while not
*
in different parts of the country, the latest figures cover
the fourth week and month of May, and from the
regular tables given on another page we have prepared
all of the date given at the head of the column, they are the returns
issued nearest to that date—that Is, the latest reported figures.
The Assay Office paid $145,335 through the Subthe following summary. Our full statement for the Treasury for domestic bullion during the week, and the
month of May will be given next week.
Assistant Treasurer received the following from the
Custom House.
Gross Earning!.
1889.
1888.
Increase.
Consisting
Fourth week Mav
Montli of
May
(
59 roads)
(76 roads)
9
5,294,508 4,993,957 300,(549
23,403,698; 22,108,686 1,295,012
Date.
Duties.
Bold.
These results indicate no change in earnings as a
May 31.
whole, there being an increase for both the fourth week J'ue 1.
3.
and the month.
«
4.
The stock market this week under unfavorable con- " 5.
"
$480,154
452,852
640,738
429,651
397,680
295,034
58
85
$690
847
29
12
94
1,720
460
1,060
of—
U.S.
Oold
Silver Oer-
Notts.
Oerlific's.
tifleatt:
$32 500
27,000
44,150
81,600
33,600
25,250
$55,950
89 850
104,400
40,950
57,440
19,200
$13,350
10,150
13,300
15,300
13,100
14,500
11
6.
322
shown considerable strength. Operators
$2,696,111 89
Total.
$79,700
$5,104 $194,100
$367,790
were without a ticker service till Thursday, and quotations had to be collected in primitive fashion.
Included in the above payments were $2,319 in silver
The
destruction of property and interruption of railroad coin, and $2,150,063 in checks drawn against gold
operations caused by the floods and the disaster at deposited in the Sub-Treasury.
ditions has
THE CHRONICLE.
JintE 8, 1889.]
LEGISLATION AGAINHT TRUSTS.
In
tlie
public apprehension trusts to-day stand where
74S
The probable course of erenta msy perhjifN bwt b«
judge<l by looking at the nctaal history of railroad lagiih
lation in the years from 187^ to 187<>.
It was mppoaad
railroads did fifteen years ago.
People aie just beginning to legislate against them, and they are doing it
with all the vigor of new-bom zeal. Our railroad
legislation to-day is none too wise, but it is at any rate
less crude than that of the first stages of the granger
movement. Even a Western State legislature has
that time by most Kastern capitalists aud liy many
Eastern lawyers that the United States .Supreme Court
would declare the laws of Wiscoiuin and Illiuois uncoo>
stitutional.
This was not the case. When they reached
the court of last resort they were upheld.
But nie«a>
time the industrial development of the country had
learned that there are some things which cannot bo
done to a railroad corporation without hurting the
rendered them harmless.
Had the granger cases been
decided by the United States Supreme Court in 187i
which they are designed to benIn the effort to control manufacturing combina-
interests of the section
at
instead of 1877,
it is impossible to estimate what would
have been the effect. As it was, the decisions pasted
tions and trusts our legislatures have had no such exper- almost unheeded.
The economic limitations upon the
They think that the more sweeping the law action of .State legislatures had made themselves so
ience.
passed the more effective it will be.
They have just powerfully felt that people cared comparatively little
found out that manufacturers are doing a great many what were the constitutional limitations as cxpreaiied by
things which they supposed to be peculiar to railroads; the United States Supreme Court.
The State authorfit.
that they are setting at defiance the theory of free com-
ities
and forming pools which are more secret than
those of the railroads and just as wicked.
In one
respect in fact our rural Solons consider a trust even
more wicked than a railroad consolidation or pool, for
the legislator has been taught to think that a railroad
is naturally a thing of bad character, and that defiance
to themselves a great
had found that they could not do without disaster
many things which the United
States courts had finally decided to allow thorn to do.
Railroad development had been stopped aud railroad
service changed by the operation of the granger acts.
The very men whom they were designed to benefit had
been the chief sufferers. The same set of results is
be likely to happen even more quickly aud surely under
petition
competition may therefore
but when a manufacturer engages in legislation like that of Missouri to-day.
a combination or trust, he has done base violence to
If you deprive the seller of all right to collect his
what might be expected of him, and is held correspond- purchase money there is but one outcome. He will sell
ingly more to blame.
only for cash; and if the statute is made too stringent
Statutes recently passed in Texas and Missouri illus- he may insist on cash in advance.
Every law, good or
trate this feeling.
The Texas law is on the whole more bad, which was intended to make it harder to collect
sweejHng.
It is difficult to treat it as anything else debts, has had precisely this effect.
Instead of prethan a joke. It begins by defining in the broadest venting their collection it has prevented their creation.
terms what constitutes a trust and inflicting various Instead of inflicting loss upon the seller it has preIn some cases,
penalties against those who shall engage in enterprises vented accommodations to the buyer.
of such a kind.
Having declared what it will do with as in connection with the collection of debts in the
all persons whom the Texas law can reach, it next issues retail trade by trustee process or garnishment, this has
In the attempt to apply it to
a sort of general invitation to persons who are doing been a good thing.
these foul deeds in other parts of the country to come wholesale trade or to dealings between the manufacturdown to Texas and see how much more rigid is the er and the middleman it is by no means so good. If the
standard of justice in that State than it is anywhere Missouri law prevents the manufacturer from giving
of
the laws of
expected from
else.
trusts
free
it;
It finally ends Avith an exception by which cattle his Missouri customers legitimate accommodation and
and combinations are exempted from the provi- ordinary trade facilities, it will be a severe blow to Mis-
It will
high moral standard to souri business without corresponding gain.
of
business
and in
volume
in
decreased
in
itself
felt
enforce
it
make
attempt
to
everybody else but it does not
that industry in which the people of Texas are most higher prices charged before the goods reach the consumer.
directly interested.
The reaction in the case of trade combinations is
The Missouri law is not quite so amusing. The
dangers from it are rather] more serious. It declares likely to be very quick. In railroads it took nearly two
combinations of all sorts, and especially the formation years to make itself felt, because the roadbed was there
could not be withdrawn, and even the cara
It further provides, and and
of trusts, to be penal offenses.
In ordinary comthis is the most interesting part of the law, that any could not bo taken away at once.
the manuhand,
other
on
the
person who purchases goods of any one who has done mercial transactions,
locality to
one
from
business
his
shall
shift
act
facturer
can
anything in violation of the provisions of the
can
even
resign »
or
speed,
greater
of
much
part
with
As
large
another
for
them.
a
not be required to pay
sions of the act.
It preaches a
our manufacturers and merchants who do business in
Missouri have done one thing or another which in some
way violates the rather sweeping provisions of the act,
there is a good deal of incidental danger connected
with this clause. The law may very probably be held
with relatively small loss. The tratle of
on with so narrow a margin of profit
that anything which increases the risk in any locality
quickly frightens the sellers away. They can only be
induced to continue in tho business by the chance of
part of
it,
to-day
carried
is
price which covers part of the
of methods which avoid tho
adoption
nor does any one wish to have the test case made in his risk, and by the
inconvenience to the consome
at
part,
even
Until a definite other
business and at his own expense.
is no esca|H; from this,
there
that
believe
bo
can
sumer.
We
against the constitutionality of the law
unconstitutional; but no one has any certainty of this,
making an increased
decision
obtained, most
men
will try to
keep out of reach of
provisions just as far as they can.
fj^vor
may
be very well
when
expensive and uucertaiui
it
A
its
decision in one's
comeS; but
it
is
slow,
and that a reaction of that kind will control Stato
legislation far more quickly and effectively than tb»
It is
decisions of the courts, either .State or national.
prohibit
to
fortunate that this is so. The attempt
TEE CHRONICLR
744
combinations wholly would result in great loss of business economy, and at some points would involve
nothing less than industrial anarchy. This would be a
far worse evil than the evils which the Legislatures
LVOL. XLVIIl.
Under such circumstances
large industries.
to reason there
are
ments in Mexico.
it stands
very few manufacturing establish-
Even
at a great disadvantage,
in agriculture the country
for
occupation
this
is
is
carried
on in a very piimitive fashion, with the crudest and
have never denied that the growth of trusts and rudest implements. The high tariff imposts are also
We believe said to be a great obstacle to trade advancement,
trade combinations involved great dangers.
that special means will have to be adopted to secure especially as there are so few domestic industries to supStill the customs duties conincreased responsibility in those lines of business where l^ly the articles needed.
But the stitute an important item of Mexican revenue, and one
competition has become partly obsolete.
experience of railroads in times past makes it certain which the republic could scarcely afford to see diminthat sweeping legislation will delay the enforcement ished, so any decided change in that particular might
The vexations incident to trade
of such responsibility more than it will help it, and will be a little difficult.
increase those abuses which it is designed to prevent. and travel between the different States, also constitute
The hostility of the law to pools has not stopped them. somewhat of a check on enterprise.
Perhaps, too, the railroads themselves have not as yet
It has caused them to be secret instead of open, fluctuating instead of permanent, short-sighted instead of hit upon the best policy for advancing their own and
The legislation of Germany, by recogniz- Mexican development. A very interesting pamphlet
responsible.
ing pools and combinations, has been able to hold them has recently been issued by the London Foreign Office,
to a larger measure of public responsibility than has containing a report on the railways of Mexico by Sir
ever been the case in this country.
While we would Francis Denys, written last December. Sir Francis
not unreservedly urge German legislation as a model gives a complete account of the history of the several
for America, it seems a far better alternative than that roads in Mexico, with such remarks ujion the characterwhich has been chosen by Missouri and Texas. The istics and features of each as seem pertinent. Incitendency to consolidation in modern business is inevi- dentally he refers to their transportation charges. Sir
table, because the public secures a great deal better Francis thinks that rates are altogether too high in the
economy from a few large concerns than from a great sister republic. After adverting to the reduction in
number of small ones. It is idle to expect to go back- the traffic schedules on the Mexican Eailway between
ward. We may as well recognize the facts in the case, Mexico and Vera Cruz, as the result of the completion
and do the best we can with them. To shut our eyes of the lines to the United States, he asserts that rates
He urges further reductions
to such facts, as many of our legislators seem inclined are still extremely high.
It simply results in sub- for heavy goods, such as iron castings, plates, chains,
to do, is worse than useless.
He also gives voice to a complaint frestituting the irresponsible combination for a responsible beams, &c.
one, in interfering with the development of consolida- quently heard in the United States before the enactment
tion on its legitimate lines, and in forcing it into those of the Inter-State law, as follows: "Through and
"foreign traffic on this, as well as on other
where it will do the most harm and the least good.
"lines in Mexico, are granted
facilities
which
" are not extended to local traffic, and shippers
EVIDENCES OF
PROGRESS.
" of goods at either end of a railway can obtain a better
Our Mexican neighbor has reached the position "rate than those sending goods from intermediate
where she is making very substantial progress in the " stations. Consequently it is often cheaper to send
development of her trade and internal affairs. The " goods over the roads by mules and donkeys than to
introduction of railroad and banking facilities, the " use the railroad, and this is -done to an enormous
comparatively peaceful aspect of the country, with " extent throughout the country served by the various
the absence of those domestic troubles which used to " trunk lines, it being not an unusual occurrence to
be of periodical occurrence, together with the intelli- " see loaded trains of both animals following the roads
gent guidance of the nation's affairs under General " or tracks skirting the railroads traffic which is lost
Diaz's administration,
these have proved and are " to the railway.
Goods can also often be carried past
proving of great help to the country ; and though of " their destination and back again at less cost than if
course they have not yet served to effect any important " they were sent direct in the first instance." On the
change in its industrial situation, yet against great other hand in an associated press dispatch from the
are trying to remedy.
We
MEXICAN
—
—
odds the nation is steadily advancing towards a
higher and more prosperous plane, with the outlook for
the future brighter than for a long time past.
When new districts in the United States are opened
up through the extension of our roads, and suddenly
develop into prosperous communities, it is because of
the influx of
settlers,
many
of
them immigrants from
City of Mexico, a couple of months ago, the report came
was believed the roads would ere long abandon
rates on through freights, as these
As to adjusting
rates were entirely unremunerative.
the local tariffs more nearly to the through basis, that
that
it
their existing low
is
a very perplexing problem.
We
all
know how
diffi-
has been found in the United States, where the
conditions are so much more favorable. But in Mexico,
cult
it
foreign countries.
But Mexico as yet has attracted
immigration only in very small numbers. Not only with a sparse population and a very limited traffic, and
that, but the character of the inhabitants is in a meas- possibilities only of comparatively small growth, the
ure unfavorable to rapid development and growth. problem well nigh defies solution. In considering Sir
Out of a total population of say 11 millions, it is esti- Denys' criticism therefore it is not well to judge the
mated that not to exceed 2| millions are pure whites, the railroad managers harshly for the state of things to
remainder being composed of about equal numbers of which he refers; his remarks however may contain some
half-breeds and Indians.
The Indians are much supe- valuable suggestions for them.
rior to those of the United States, but neither they nor
With all these various drawbacks the traffic and
the half-breeds can be supposed to have any extensive revenues of the Mexican roads keep steadily expanding,
TTants and hence would furnish little support to any thus affording striking evidence of Mexico's internal
June
?,
growth.
THE (JHU0N1(;LR
1889.]
In
its
recent statement the Mexican Central
reporteil gross earnings for tlie year 1888 at 15, 7 7 4,.331;
was
fairly
"deficit in
749
Batisfactory,
five
previous
m "the Avvngo annnal
yean had bwn $7,138,367."
looking back we find that in 1885, the first full year of
the operation of the main line all iho way to the City
Strerinous cfTorta are being made, however, to bring
about an equilibrium Initwcen the roceipta and dUborMof Mexico, the total was only ^3,559,560.
Hero is an ments. The departmental entimatea for the jmx
improvement iu three years of about 2^ million dollars. 1889-90 were recently out down from $38,985,676 U>
And the most significant feature of the Central's earn- $36,729,542, and the hope wan expressed that with tlie
ings is that 70 per cent of the revenues for the late year practice of rigid economy, the income and outgoea for
In the same three that year might balance.
came from the local traffie.
years
the
the gap in
Mexican National,
main line, and
its
though hampered
by
system being in
dis-
its
gained proportionately juet as much.
There has also been considerable improvement in
the position of Mexico's finances and debt.
The Got*
emment
made a settlement with tRe English
debt and resumed the payment of interect
increase in revenues, notwithstanding the competition on a gradually rising scale.
It also reramed the r»>
We have thought it would be inter- demption of the subsidy certificates of the railroads on
of the new lines.
jointed
parts,
The Mexican Railway
likewise shows a considerable
in 1886
holders of
its
bring together the results on these three a rising scale. \ As a result of these steps its credit waa
Mexico for the last four years, so greatly improved, and last year it was able to float an
The figures for the Mex- entirely new loan in Europe. The bankers who took
present the following table.
ican Central and the Mexican National are given in the first instalment of this loan had an option on the
Mexican currency; those for the Mexican Railway have remainder, and the right nnder this option they availed
esting
to
principal systems in
been prepared from the half-yearly returns to the
English holders, the pound sterling being rendered in
United States money on the basis of the par of
The mileage may be
exchange, namely $4 8665.
themselves of a short time ago. Under the 1886 settle*
ment with the holders of the London debt, the Oovem*
regarded as substantially the same for
purpose, serving also to extinguish the floating debt.
given.
The Mexican National, with
the years
all
the completion of
the gap in the main line, greatly increased
its
road, but that counted for only the last two
extent of
months
of
Notice was given the latter part of April of the inten*
up the unconverted remainder of the
tion to take
As we understand it, with the liquidaand conversion completed, the whole external debt
will be represented by one consolidated loan for £10,500,000, 01 say $50,000,0»0, and bearing 6 per cent
nterest.
Under this improvement in the coantry'i
credit, finances, revenues and trade, and with the
punctual payment of the interest and subsidy obligations, it is not surprising that new railroad projects are
again becoming numerous in the neighboring republic,
and that considerable new work is actually under way
English debt.
tion
the vear 1888.
Orots Earnings.
188T.
1886.
1885.
1888.
Mexican Central
3,559,560
3,857,7(6
Mexican National
1,511,551
1,743,52!; 1,795,884
2,104,891
Mexican Railway
3,234,378! 3,135,028; 3,593,219
P,837,167
8."05,499i 8.736,255 10,278,682
1 2,016,389
Total..
Thus
ment could redeem their holdings at 40 per cent of
new loan has been utilized for that
the par, and the
!
in the three years
4,886,579
5,774,331
between 1885 and 1888 the
gross revenues of these roads increased nearly one-half,
from 18,305,489 to i!l2,016,389. We may suppose
is due to the carrying of construction
materials for the companies' own lines; the Mexican
Central reported $301,317 of revenue of this kind
in different parts of the country.
or
that a part of this
CHARACTER AND EXTENT OF
THE
FLOODS.
tribution in that way, the increase
View it as one may the occurrences at Johnstown and
other points within the past week, must be regarded as
marking one of the greatest catastrophes of modem
In the number of lives lost, in the inundation
times.
isfactory.
of populous
included in
1888.
its
1887
total,
and *471,830
in the total for
allowance, however, for the con-
Making due
is yet large and satFor the current year to date there has been
"further considerable improvement.
Another evidence of Mexico's progress is furnished in
From
the increasing revenues of the Government.
various sources we have compiled the following, showing
the Government's income for a series of fiscal years
ending June 30:
1884.
$
Total revenneg..27,331,398
1885.
1886.
$
$
30,350,637
Of course a part
1887.
$
of these revenues
is
*
in the complete interruption over large areas of telegraphic and railroad communication, in the check to
many different industries— in these resjiects certainly
Allowthe event has no parallel in American history.
ing for the exaggeration incident to such an occasion,
pledged to the the disaster is yet appalling in its magnitude.
For special reasons, Johnstown— a point in southbut the growth
28,797,727 "32,126,509
redemption of the subsidy certificates,
1888.
towns and villages, in the temporary exsome of them, in the great destruction of
property, in the damage to railroads and waterways, in
the flooding of mines and the floating away of lumber,
tinction of
40,962,0-15
western Pennsylvania, about 78 miles east of PitUbnrg
by the Pennsylvania Railroad— has been the scene of
and suffering. But the rainfall and
exceptional, as #6,684,189 of the gain was under the greatest aflQiction
in the frightful calamity at
eventuate*!
which
head of "servi<iies, land sales and minor receipts," but floods
general in their nature, and
exceedingly
were
place,
account
that
eliminating the whole of the increase on that
This is a circumterritory.
of
extent
wide
ever
covered
a
largest
the revenues for 1888 would still be the
more conspicuous
of
the
in the presence
reached in the republic's history. Of the $40,962,045 stance which
seem to hare
There
overlooked.
the event is
total revenues for the late year, $19,631,668 came from feature of
and th«
Erie
Lake
between
everj-wherc
overflows
duties on imports and exports, and $11,752,588 from been
out
washing
bridges,
away
carrjing
As regards the expenditures, the 3fexi- Atlantic seaboard,
internal taxes.
The
Suagenerally.
havoc
making
and
tracks,
can Financier, last December, in commenting upon the railroad
River, the Potomac, the JuniaU, the Shenan
budget deficit for the year 1887, stated that the result quehanna
It is possible that
of the revenues has been very large.
the heavy gain (18,835,536) in 1888 may have been
THE CHRONICLK
746
plant and works located in that valley.
doah, the James, the Chemung, the Genesee, with the
Tarious small tributaries, creeks and feeders, all appear
roads the Pennsylvania
New
As
York, we have reports of the mischief
damage done to the
a rule, however, the
within this stretch of territory, does not
appear to have been very great outside of Pennsylvania
and Maryland. In Virginia and in New York State
there was loss of course from the interruption to traffic
railroads,
required to make the necessary repairs of track, bridges,
&c., but not more, it would seem, than occurs under
other circumstances and not such, therefore, as to excite
any
comment
special
however, the
loss
ordinarily.
In
the
rail-
Not only
—
existing generations are self-absorbed, heartless, grossly-
Pennsylvania-
The occurrences of the past week are proof
when the occasion calls there are just as many
made heroes and heroines as ever before. Then there is the
and damage are very heavy, and in material.
extent totally unprecedented.
The conditions here outlined indicate what
possible the
Among
especially affected.
—
south as Lynchburg and Richmond, Virginia, across
Maryland and West Virginia, and all through the State
of Pennsylvania, to and including points in the Southcaused.
is
XLVin^
has it suffered from the Conemaugh disaster its road
running entirely through the valley but having such
a large mileage all over the State of Pennsylvania, it has
also sustained loss and damage at other points.
At one
time its main line all the way from Harrisburg to Pittsburg, nearly 350 miles, could not be operated, while the
line to the south, and also to the north into New
York State on the Northern Central, had to be closed.
But it is rapidly getting into shape again. The company has already formed a temporary through route via
the Allegheny Valley and the Philadelphia & Erie.
If there is a single comforting thought connected
with this disaster, it is that mankind appears in a
better light than before.
Often it is claimed that
to have over-run their banks, the water in most cases
From points as far
rising higher than ever before.
ern part of
[Vol.
calamity at Johnstown.
that
With heavy and ready response
.
continuous rains every brook and creek was overflowing, and the water poured down the mountain sides in
ought therefore to cause no
great surprise that Conemaugh Lake should have given
way. Originally the lake was a sort of storage reservoir
to supply water to the Pennsylvania canal during dry
seasons, but with the abandonment of the canal it fell
According to one account while out of use
into disuse.
a breach was made in the dam, allowing the waters of
the South Fork Creek to run through it again. When
the lake became the pleasure ground of sporting men
the dam was once more closed up; subsequently the
lake was also enlarged, so that it finally covered an
unprecedented volume.
It
area several miles in extent, said to be the largest reservoir in the country. Whether these facts are all true or
to the appeals for aid.
has already raised $500,000,
New
Y'ork City
and other parts of the
Even the London
country have done equally well.
Stock Exchange has sent a generous contribution. For
obvious reasons gifts of money from well-filled purses
cannot be put in the same category with the risk or
sacrifice of life and health, but they show the deep
sympathy felt for afflicted fellow-beings, and as such
are a credit to humanity.
COTTON ACREAGE, STAND AND CONDITION
1889.
Our
readers have discovered from the results of the
last season's cotton
production the timeliness of our sug-
ou
modern the acreage planted. We said, commenting on this
construction, but composed of rubble and earth, which feature in our last acreage report (June, 1888), that the
under the unusual pressure gave way. What followed yield of 1887-88 was " not by any means a full one, but
not, the
dam
gestions as to the small production of previous years
does not appear to have been of
has been too graphically described in the daily papers only a 'good' one, just as the two previous years
Not only Johnstown, but nearly afforded ' fair ' crops, and the two previous to those
The last full crop the South raised
every vestige of the industrial activity in the Cone- 'bad 'crops."
maugh Valley, was washed out of existence in an hour, was in 1882, when the product reached was 6,992,000
with the loss of probably ten thousand lives.
bales on 16,590,000 acres planted, or an average of
In other parts of Pennsylvania, outside of Johns- about 194 pounds to the acre. In 1887 the product
town and the Conemaugh Valley, the loss of property (which in our annual report turned out to be 7,018,000
because of the floods has been almost equally large, bales) just about equaled that of 1882 in amount, but
to need repetition.
loss of life has been comparatively small. between those dates the acreage had been increased
Williamsport on the Susquehanna lies in central Penn- 17-34 per cent; hence in the comparison 1887 was
sylvania, 134 miles east of Johnstown, and is in no way termed only a " good" crop.
connected with that disaster, yet immense lumber
The same qualification applies also to the somewhat
though the
booms
unable to withstand the strain of better production of 1888, the size of which (as graduit is ally disclosed by its marketing) has surprised so many.
claime 1 that a hundred million feet of logs were For although the out-turn is large, last summer's growth
carried ofE in this way, with in addition a great will fall far short of a "full" crop, differing widely
amount of manufactured lumber. It is possible that from the 1882 standard.
We presume when the annual
at that place
the rising waters of the Susquehanna burst, and
statement for 1888 is made up, in September, that the
however, total production of that year will prove to be about
has already floated down to Chesapeake Bay. The 7,050,000 bales (we are inclined to think it will be a
effect of the accident on the lumber industry of Wil- little less than that unless the 1889 crop matures very
liamsport can hardly be overestimated. If we look early) and the average net weights about 466 lbs.
On
elsewhere, we find other marked evidences of loss and that basis the product i)er acre will have been only
damage. The Chesapeake & Ohio Canal in Maryland 166 lbs. against 194 lbs. per acre in 1882 that is a
some of this will be recovered,
is an inducement to secure it
as the salvage allowance
;
much
of
it,
—
and running from Cumberland
to Georgetown,
is
said
decreased productiveness of 28
lbs. of lint
per acre.
Or
to be so badly ruined that little inducement exists to perhaps the relative situation may be more clearly *een
repair it, as the Canal had been an unprofitable enter- by another comparison.
For instance, according to our
In Johnstown and surrounding dis- compilations acreage has grown during this seven-year
probably the heaviest sufferer has been the period 19 -62 per cent, while the croji, measured in
Cambria Iron & Steel Company, which had its immense poundS; has increased only 1 -93 per cent. Hence, which-
prise anyway.
tricts,
June
8.
THE CHRONICLE.
W9.J
ever wuy we look at it the inference is conclusive, that
notwitiistauding the yield has again passed the sevenmillion-bale limit,
full capacity of
it
the
bales will have to bo
has by no means
land
planted
added
;
reached
the
»
i»<»i-OMTio» or Tui.li
at least a million
to the present production
before we can call the crop a full one.
This point
needs to be kept prominently in view because of its importance in making or testing crop estimates. Such
"guesses" are risky enough at best, but it is hardly
wise when attempting them to ignore or depreciate the
TO A rcu. r«fir or AraiAoii rtAimm,
.1.
1882-3.1883
4.
1S84-.V 1*85 6. 188(1
AtUnUo SUtM.
Vi
73
78
AlabAiDsftMlM
V7
74
71
Taz.&Ix>iilara.,
110
sa
73
Ark., Teun,, Ac.
Total
'
104
sn
100
"719"
I
7.
1887 1.1
•a
7»
79
U
M
78 «•
84
I
7S
la
83
a*
09
86
81
B»
ao
The
force of a fact so controlling.
At the same time we never assume
ures are anything but
747
the relative production m»y in a graenl miy
be
sented about afl follows for the lut iCTon nitnmen.
that acreage
approximations.
fig-
We
foregoing flgnrea are naed not aa tracing accurately, but only approximately and in an expresaivc
form,
the annual comparative results in each of the districta
have so
stated over and over again, and we refer to the matter named.
Each State is allotted for each year the pronow, not to claim accuracy for our aggregates, but simply portion of the total yield its product per acre beara to
a
because the last two crops seem to afford pretty con- fairly "full" crop, assuming that 100 indicatea
ench a
clusive evidence of the substantial correctness of the cicp on the acreage planted. The meaning for
instance
increase in the planting wo have reported between 1882 is iot that the Atlantic States (which are given
at 98
and 1888. That fact is about all the observer needs to it 1882 and at 85 in 1888) produced a less namber of
know with reference to acreage. He has before him bales in the latter year than in the former, but that
the yield of a " full " year on an assumed acreage seven they produced 7 per cent less per acre, and had thoae
or ten years ago, and he has the yield say of the current States produced as much per acre in 1888 they woald
year for comparison with the knowledge of about how have secured a crop 7 per cent larger. The table authornear a " full " crop on the acreage planted the current izes therefore the same conclusion reached above, that
year's yield has been ; having these data, he holds a although last summer's yield was a large one, our pro-
made as to the amount ducers are planting for about a million bales more than
new land which has been put under cotton in the they then raised. Yet obviously it- will be a rare occainterval.
Thus, for instance, any one who followed sion when the weather conditions over the entire cotton
pretty safe test of the estimates
of
the conditions of growth, or has otherwise become belt shall prove so uniformly perfect as the production
acquainted with the productiveness of the cotton plant of so " full " a crop calls for.
in 1888, has no doubt as to this crop being a short one.
These results are further fortified by recalling the
Every State Agricultural Department report we have
made it so. Take, as an instance, Georgia.
Commissioner Henderson of that State, in his supplementary report under date of January 10, 1889, said
seen has
character of the planting season and analyzing the year's
weather record. In fact only through that method can
we obtain an explanation for the yearly differences in
Turning then to the record for 1888, what
First, we find that our last acreage
per cent does it establish.
production.
" was 15
" less than an average, against a yie'd of 10 per cent less
" than an average in 1887." The same fact is brought
report indicated a start unusually late
out for the whole country by the Agricultural Depart-
" before one could be
ment at Washington, for although very wisely and properly the Department made no estimate of the yield, it
gave a summary in its report dated November 13th (on
pages 519 and 520) of the returns from its correspondents
"spring promise;" in the conclusions to the report,
speaking more in detail, we added that the plant was
everywhere late
in the Atlantic States decidedly small
and backward, in Texas in grass, in Mississippi, Louisiana and Arkansas (except being backward) favorable^
Second, June weather was too cool for either rapid or
healthy development, and with the exception of the
Atlantic States and Alabama excessive rains hindered
cultivation and retarded growth.
Third, July and
August weather was more favorable in that there was
less rain, permitting cultivation where it was needed,
but the important adverse feature was still low temperature in many parts of the South ; in September low
temperature was continued almost everywhere and
added to it were very excessive rains throughout the
that the total yield of Georgia in 1888
Avhich "indicated the yield (lint) per acre" of each
State and then a total for the whole country, the latter
being only 154 lbs. That figure was of course much
too low, but nevertheless it strikingly reflected the fact,
obvious to producers at the time, that the product was
considerably less than a "full" yield; as is frequently
the case, the observers overestimated the percentage ol
loss
under a misapprehension at seeing, and therefore
reporting correctly, a condition of
loss.
—
there was
so late
that
"special need for subsequent observation
;
fully satisfied as to the exact
—
But to obtain later confirmation of a fact so important,
and to have detailed and indisputable evidence as to the
approximate situation in each section, we inserted Atlantic States, the average rainfall being that month
among the questions sent out for the purposes of the in North Carolina 10-22 inches, in South Carolina 7 -16,
present acreage report one asking for data as to the in Georgia 8*71 and in Florida 9'82.
Of course general statements usually have local
capacity of the
land planted in cotton. This inquiry has been generally, exceptions to which they are applicable either perhaps
relation the yield in 1888-9 bore to the
and by a
large proportion
of
our correspondents quite not at
all
or else only in varying degree.
It is for
fully answered, the facts they give only confirming the instance almost always the case that summer rains are
conclusions already stated.
Of course in limited dis. ocal, so it is possible to have a drought in one county
Bnt what has
tricts a "full" crop was obtained, but taken as a whole and almost a flood in that adjoining.
State
eyery
of
average
trae
in
the
been
said
is
in every State the average'yield falls considerably Ixjlow
»
the capacity of the acreage planted.
We haye
attempted
to summarize these results in a form which shall indi-
cate the comparative productiveness at a glance.
For.
the purpose we have assumed 100 as representing a fairly
*'fuir' yield
on the
total acreage planted;
on that
basis
Ulnstrato the sbore, taka tbe toUl for 1983-84, whieb u 7Ss tfe*
IBcieace In acreage for that ytat waa 5-18 prr cent, and with eoiHllttaaa
ilmllar to those which prevailed In the prevtoaa jtit the crop
have bean that maoh sreater, or a total of about 7,3M>,000 balat.
rleld, bonrerer, reaehed only 6,714,000 l>ala«-I.*136,000laaa-ad
a
of 28 per cent Therefore, aMamlng that the crop of 188S-S3
*
To
WM
fall one, that of
1889-84 wa« onlr TS
pw cent aa food.
1
.
1
1
)
THE CHRONIC LK
748
Was there not then ample reason for
described above.
expecting just about such a crop as has been gathered
a "good" one but not a "full" one? In maturity
—
way through
from start to harvest. This seldom happens to the same
extent forcing summer weather generally making up
the plant was unusually backward
the
all
—
but in 1888 where there was any
difference the crop was later in the fall than it was in
the spring. Then too, in a good portion of the Southwest the early cultivation was delayed by grass, while
in part the early loss
;
IvoL xLvni.
June
Augut
July.
S^titember.
-
i hemwrneter
Areragts.
i.
1
1
i
i
i
i
a;
1
a
^
'^
ARKANSAS.
91-9
95-6
84-7
92-2
9b-l
»n-h
84-5
54-8
58-0
59-8
60-6
54-4
58-5
47-5
04-7
97-3
81-3
lS85(fair).i 93-7
1888 (KOI d)
1S87 (good)
18Sa(fair).
1886 (fair).
1884 (bad)..
1888 (bad)..
1882 (full)..
Tennessee
98-9 "64-8
76-8
78-91 llKl-3
6.V1
75-2
62-8
63-4
67-5
60-5
765
9.V7
96-4
74-1
89-
81-0
HI -2
79-5
8)-4
97-0
8S-8
99-5
62-9
69-4
80-3
97-1
580 779
81-1
88-9
92-U
80-5
58-1
88-1
90-4
97-4
97-6
98-!
l-SO
89-2
61-0
77-0|
88-5
76 5
9So 660
WO
48-8
65-4
69-3
61-3
58-6
75-81
Vb-9|
73-9'
77-4,
96-5
88-9
86-0
79-7
81-4
71-,h|
,'.7-0
75-9:
6|-0
78-7
94-8
91-4
91-3
80-2
78-;
89-0
V7-0
79-0
79-5
55-5 75-7
68-5 741
48-7
50-5
4S-7
74-S
7S-»
72-7
77-1
73-5
69-5
85-9
98-5
89-8
40-8
67-8
.S9-6
910
47-61 71-0
54-6' 74-3
50-4; 89-9
8-i-9
47-1
8J-8
85-0
93-6
88-6
77-4
4S-8i 69-0
60-0
41-0
47-0
918
i
1888 (good
1887 (good)
^•^(falr).
1884 (bad)..' 8,3-7
1883 (bad)..' 8,S-4
1882 (full).. 96-1
986
64-3
89-4
60-0
57-5
Kn-^
61-8
57-2
m-n
80-1
79-3
78-,)
76-4
:
58-9,
81-3i
51)-5|
67-8
69-3
77-7
79-5
77-7
78-8
78-8
73-8
77-3
1
92-3
45-01 78-9
48-4
71-9
71-1
60-7J
most of the Gulf and Texas.
1888 (good) 9.1-5 6-2-6 79-5 95-4 B4-9 RO-8 97-4 64-S 7fl-7
89-8
73-7
83-3 78-3
88-8 66-7 79-4
1887
97-8
64-1 80-0
(good)
945
48-7 74-3
temperature
months,
low
in
other
States
Southwestern
95-9 62-3 78-7
18S6 (fair)
88-2 87-6 82-8
98-5 86-6 82-8
93-8
77-6
93-9
79-7
95-7
H4-7
69-4 82-7
95-9 87-1 82-8
1885 (fair).
8i-l 61-a 77-8
prevented good development. Hence, although there
93-6 81-0 77-3
1884 (bad),
979 73-11 85-0 97-6 68-2
83 « 87-61 81-3
iss.s.'had).
87-0 7(l-z KH-5
87-8 6»-» 83-2
94!) 66-1 81-3
m-i 55 91 77-2
03-7 80-9
95-3 89-8 81-9
was no great disaster, no extreme drought, no scorch84-5 67-8 78-4
1882 (full).. 84
80-2 580 76-8
'
words
t^°The
"bad,"
"good,"
"lair"
and f iiU " following tlie
ing winds, no excessive or unusual shedding, no pest years (riven above mean simply that the aggregate
crop for the year
of caterpillars, in a word, none of the evils prevailing, named was bad, good, fair or ful.
with local exceptions, which so frequently disappoint
CoUon Acreage and Stand in ISS9.
the producer's hopes still the fruitage was not up to
The usual investigations made by mail with regard
in
June everywhere, and
for
,5,5-0
92-.-)
,".8-4
.
1
8-,i-7
1
1
11
I
—
the full capacity of a healthy, well developed plant.
Just like a wheat field which discloses only in part until
to the first of June condition of the 1889 crop, did not
produce in the section covered by the Atlantic States as
gathered how well or poorly it has headed out, so cotton exact results as are some years possible.
This was due
tells its story of growth not from appearances in the to the drought which prevailed
over a large portion of
field at the end of summer, but after being picked.
those States until the last week of May, preventing in
We have not space to-day to supplement the fore- numerous cases the germinating of the seed, so that not
going remarks by giving our usual summary compila- a few correspondents writing under date of the 2-l:th of
It is not really needed, May
tion of rainfall in each State.
describe many fields as being still without any
since the statement has been published already in our growth observable.
We have, therefore, in a large
But we make room for the number of instances supplemented these reports by
issue of October 20.
as that contains the more distin- telegraphic information so as to bring
our facts down to
guishing evidence of the peculiar surroundings of the the present date, and have in this manner learned not
Re- only that the rains of last week have been widely beneseason's growth subsequent to the first of June.
membering that the plant at the latter date was extreme- ficial, but more or less of detail respecting their result.
thermometer record,
ly
backward, the reader
will,
through
this record, find
They were
and no doubt in
good time to relieve apprehenparing the temperature of June 1882, the last full crop sion but to say that they have in all instances put the
year, with June, 1888, and after that comparing Sep- crop throughout the Atlantic States into prime conditember for the same years. The low temperature in the tion would be at least premature and presumably quite
last-named month over a large section must have had a inaccurate.
They have done a vast amount of good,
material influence on the late fruitage.
but the exact situation in this particular can be better
determined one or two weeks hence.
Jun:
JviV.
Autuit.
September.
Jhtrmometer
With these explanations, we give the following
Averaga.
1
i
?
•«
summary
by States of the information respecting this
1
1
1
1
.1
i. J.
K.Car'lina
year's
growth
and its present surroundings, which we
96-4 58-8 77-31 97-4 Sfl-O' 77-8
87 4 385 6B-7
1888 ((iood) 93-3 55-' 76-4
18S7 (good) 96-4 6il-9 75-3, 100-1 67-11 yi-o: 92-1 56-oi 74-5 9201 413 0^-2
received
letter and telegraph from our correhave
by
76-7''
93-5 85-5 7M-7
92-4 61-8!
188il (lalr). 91-9 57S 78-9
8S-9! 68-8 78-4
18M (fair). 98-4 58-4 75-8; 96-0, 60- »Vi\ 9o-5' 6n-9i T8-4 89-9, 48-3 71-0
spondents throughout the South. A study of these
1884 (bad).. 910 518 71-Sli 93-4 63-2 77-61 90-5 62-61 75-8, 88-81 54-7 73-8
78-6
911-6 65-6
83-2 60-8 78-1
87-8: 55-7 091883 (bad).. 1>0(" Ou-8 760
89-4 65-0 72-5
1882 (full).. 95-1 5bl) 75-9|| 84-0 63-4 77-8| 9u-2i 86-6 77-1
data will be found extremely helpful to all seeking to
B. Cau'lixa
1888 (go^id) 941 58-8 77-9! 98-7 «4-9 78-8| 96-61 64-B 80-4 87-* 48-5 72-4 form a correct opinion as to the spring promise of the
76-8'
in good part the explanation for the short crop, by com-
many
certainly seriously needed,
cases
came
in
;
1
'
I
l
1:
1
"
,
II
1
II
i
1
1
II
970
1888 (good)
1887 (good)
95-8
61-S
99-2' 62-a
78-5
lfc86(falr).
99-2
98-8
91 B
94-7
95-S
64-1
76-11
01-9
58-9
68-2
77-5
74-0
78-8
£9-7
7o-0i
9o(-
62-a
64-8
67-3
68-9
{)i-1
05-1
9^-9
93-2
HBl
78-8
95-8
77-1 |i B6-4
80-4
91-9
02-7
fil-3
79-6
94-9
95-2
81-6
66-5
80-5
m-9
57-4
61-7
84-;
98-1
77-4
97-2'
78-6
77-6
92-31
78-0
04-6
73-8
941
79-6 100-5
80-0
93-0
18h6lfair\
1885 fain.
90-;
1884 (bad)..
1883 (bad)..
1882 (ful )..
(8-4
89,'-
97 -6
88-0
102-8
53-1
63-3
«l-7
65-1
6H-3
t>30
188" (good) 100-(
79-9:
78-4'
72-6,
77-61
94-9
9a-0, 64-7, 79-Oii 91-»
91-9 64-0 79-7
91-(
82-6
93-a 65-1 80-a
100-5 69-51 8-^-2
97-0
94-0 6.-0, 81-3
B5-ij
!
80-3
68-2
cotton plant.
81-2,
7.30
74-8
72-1
73-9
North Carolina.—Taking the State as a whole, the date of
the planting season in North Carolina did not differ materially
79-6
78-8
88-5
95-2
78
92-0, 60-4
90-5 57-31
91-6, 67-8
92-41 57-3
91-2i 5;-7|
70-8
73-5
70-3
from 1888, for while in some
ground during the first week in
77-9
82-1
60-4
64-8
64-2
84-4
61-1
66-6
81-1
M-8
68-7,
80-0
B3-9
91-5
93-2
69-6
940
87-8
97-B
92-5
68-81 82-6
63-8' 78-7
B5-:f
96-1
94-0
93-8
94-1
i-0-4
1
ti
79-9
78-4
78-8!
79-7
46-0
4H-1
715
76-7
74-7
75-5
1
92-!)
92-
.
68-7
68-1
70-2
1
8071-4' 80-61
70-2' 82-1
'
70-7
92-7
1
Vii
1
76-4
77-4
69-8
798
91-9; 66-7!
91-9 07-4'
93-2
90-4
93-0
77-9
79-2
78-1
78-4
64-3
1
6I-O1
67-0,
i
9fi-4
94-3
92-4
i
LoriSJANA.
0-2-(l
910
5U-2
06-6
97-2
65-(
6(i-4
69-4
6>)-6
1
68-0
63-8
87-0
68-4
63-2
81-6
80-7
79-21
80-7
92-8'
64-8'
9J-1
95-7
82-4
TS'Oi
78'8i
80-5i
88-1
47-2
1-6-0
65-4| 7,S-9
B2-2! 77-4'
89-4
94-1
51-0,
65-5,
58-4,
58-4!
»b-7, 67-0 80-8
91-9 69-1, 78-3
9.5-2
6-.-9'i
83-7;
94-4
79-4
82-9
78-7
1885 (fair).
93-1
1884(b.id)..i B.V4
1883 (bad).. 1-3-H
1
(Iull)..l
97-8
97-0
84-2
95-0
68-5
70-8
68-0
71-7
98-81 70-2
98-o! 72-7
900 66-8
81-7
82-5
83-4
ai-9
85-7
81-9
95-3
96-1
96-1
83-7
80-1
97-2:
6a-
78-2
80-2
80-4
82-9
78-9
80-9
80-7
55-g
57-9
oa-o
«2-7
81-8
61-5
78-6
77-4
75-3
80-7
75-8
78-8
96-3
96-3
80-0
95-5
800
^f.-m
7ti.
86-2!
87-11
96-0;
96-6'
89-71
91-2;
02-8
08-9
70-0
70-S
05-7
eri-e
mi
i
UiRSiBSirn
7o-'l
77-4
68-0 76-3
63-31 74-1
90-1
1
]
92-8
52-61 74-0
84-3,
596, 75-7
83-2
81-9
91-8
69-:l
90-8,
&i-4
84-2
90-5
91-2
65-I1,
6.S-81
940;
71-9
75-2
7M-2
80-0,
70-61 83-2:
68-7
68-S
97-Sl 65-5
1
90-6
1
1
1886(fa'r).| »3-6
8i-6;
68-9: 82-4
68- n 79-7
7K-7
76-1
80-8
79-4
63
5o-u; 76-0
!
1
1888 (good)i
1887 leood,|
1888 (fair).
1885 (fair).
1684 (bad)..!
lK83(bad)..
1
1
'
1
1888 (good)l 94-<
18^7 (good), CO-]
' )
80-7
80-5
70-2' 80-1
09-4, 84-01; 85-2i 71-5; 82-2;
71-5! 81-2!
91-u| 68-0: 81-5,
9S-2
92-7| 55-3
81-6,
8O-0I
87-fl'
'
1888 (good)
1887 (good)
1888 (fair .1
1885 (fair).!
1884 (bad).,
1888 (bad!..
1882 (full)..|
f ,.
66-5
69-0
97-3. 63-1
101-21 6S-.'y 80-4
U3-3i 85-4 78-9
95-3 62-91 80-1
A:.ABAMA.
(
760
53-3
88-6, 56-5
9J-5 52-0
82-5 67-8
1
94'.
1888 (good)
1887 (good)
1886 (fair)
1885 (fair).
1884 (bad)..
1883 (bad)..
1682 (full)
1 (Ki*>
71-9
80-7
1
97-4
78-4,:
Fi.omDA.
1882
93-81 43-u
87-01 81-0
,
1
'
188i(full)..
77-5
77-6
65-i' 78-ti
8l-9| 77-4
1
79-3
6 30R0L*.
1885 (fair).
1884 (bad)..
1883 (bad)..
57-2
61-O
8O-2!
921
957
92-6
95-(
93-.
9<VI
'
«
1
85-7
66-2
93-7 83-4
85-7 63-5
97-1
68-6
100-6 65-8
oH-.l Ha-o
81-0
811-8
82-j
81-3
77
1
\
1
65-a
60-7
62-6
61-8
(0-4
65-0
(16-0;
79-0
78-3
79-.!
78-9
79-7
82-1
7«-4
87-0
91-9
49-21 89-8
48-51 71-2
92-5I 61- 1! 7l-4
89-4
9.V1
98-7
89-3
63-0
7:i-4
63-9; 80-8
54-4
78-7
53-3J 7^-5
was put in the
become active until near the middle of that month, and was finished from
the lOtli to the 15th of May.
In a few sections the seed came
up we^, but in the larger portion of the State our correspondents agree that the early plantings were harmed by cold and
wet weather, while dry weather hindered the germination of
the later sowings. The conditions continued rather unsatisfactory down to the last week of May, absence of moisture
preventing in sime cases the sprouting of the seed and iu
sections seed
April, work did not
while as a result of the
others the development of the plant
cold and wet weather some replanting of early sowings was
;
made necessary, probably more than usual. By telegraph we
are advised that the rains were just what was needed, and with
weather favorable hereafter the plant will soon be iu good
condition. Stands—
limited number of replies under this
A
head say that stands are good, but the general tenor of the responses is from fair to bad. averaging only medium for the
reasons above stated.
The plant, wherever it was uj), was of
course small, and in some fields the seed had not started. On
account of the late dry weather weeds have had no chance to
grow, so the fields are in all instances clean. Of course our tele-
'
Junk
8,
THE CHROXICLK
IW».\
749
grams could not give us dettnite information as to tlie extent of change. The
«?<m«* mMKIob la «m IM» h pcotaMj afcsM
the chnngp tlie rains had wroiij?ht that must be left for future
8 per cent. Fertilitert are not OMd to aof gnat •>««*.
bol
weeks to detprmiiio.
Acreage—Thcrf^ has Ijeen not much dls- thin year the takings
of the comnwrclal earta bara
poeition to eularKo or lessen the area devoted to cotton.
Tliere and home-made manure* hare reoeired more
"tftntltm.
are locnl cliaiiRes, and u careful study of the returns warrants
Ai^BAMA.—The aeawm opened a few days earHer than fo
the Ijelief that an additional acreage of say 1 per cent has
1888— planting being commenced in lonM parti of tho
licen
Htate
planted, yn-filizers of the commercial sorts have
received the middle of March
the flniiOi warn generallj in tba
less attention, but a decided increase in the use
of home-made flret week of May, the Hoaiton
aTernfring about a waak
manures is to be noted.
to ten days earlier than last year.
The iitart was not
South Caroun.\.— Favorable weather conditions in
the a wholly satisfactory
;
i
;
Many of our correspotidaata
came up well, but othen nt
The same conditions of weather wUeh
one.
early spring enabled fa> niers to make good
progress In preparing for the next crop. Planting began in a few
instances
in the latter part of March and became general by
the 10th of
April, finishing as a rule about the first of
the sea.son
averaging about ten days earlier than in 1888, or about
on a
par with 1887. As in North Carolina, growth has since
report
that
them say
the
i)oorly.
seed
pro<luce»l this result in the other States
reriewed were the operating causes in Alabama, but the effect beta was much
Urn
harmful than in the Atlantic States.
Partly in conaeqacaoa
of the adverse weather conditions (cool nights and drought),
May—
then
been checked by low temperature (especially at night)
-and and to some extent on account of bad seed, a larger amount o/
absence of moisture. Our reports are to the effect that
the replanting than last year has been ilone. Stands range from
seed which was planted in March (a very small part
of the poor to very good, averaging about fair but onr comapondwhole) came up well and is standing the drought fairly
well; ents say that much depended on the weather during tha naat
but the April-sown seed had a poor start, a considerable
iwr- week or two, for with goo<l rains a remarkable iraproremaDt
tion having lieen replanted.
By telegraph we are informed in the condition of the plant could be looked for. In some
that it is too soon to measure the benefit of the rains,
but that sections there had been an entire absence of rain for fully a
no doubt they will have a material effect, largely depending month. As the desired rains are now
reported to be quite
however on future weather.
The stand secured from March- general, the situation has decidedly improved. There is no
sown cotton is fairly good, but aside from that stands range complaint whatever of grass and weeds,
the dionght effectufrom good to poor. The droughty conditions have pre- ally checking their growth.
j4ereafire—Our reports point to
vented the growth of grass and weeds, and fields are there- some changes in the area planted, but
take the State as a
fore clean. Acreage— Oar returns indicate, taking the
State whole there is no doubt an increase in acreage, which we avas a whole, that there has been no material change in acreage. erage at about 2 per cent.
Ferti/izers— Home-made varietiea
Fertilizers— There has been a moderate increase in the takings have been more largely used, and commercial sorts show
some
of both commercial and home-made fertilizers.
increase.
;
Georgia.— Diuiug the month of March there was too much
rain in the southern poi-tion of the State, but elsewhere
the
early conditions were much better. Planting commenced genabout the usual time—in some sections as early as the
middle of March— though it was not completed until a later
date than in 1888. As to the early plantings, they came up fairly
well, but over a good portion of the State the seed started
poorly, the ground being too dry for it to germinate, there
being a deficiency of rain after about the middle of April.
In addition to drought low temperature has had a deleterious
effect on the cotton plant, there being some complaints of the
early-planted seed dying out because of the cold. Naturally
therefore an amount of replanting in excess of former years
has become necessary. Stands From the various causes
stated, a good stand had not been generally secured on the
24th of May. Telegraph'c advices undfr date of June 3d and
4th make the outlook more satisfactory. The rains have been
quite general where most needed, but in only a portion of the
State as much as desirable. An esteemed correspondent at
Augusta telegraphs that the farmers in that district still
complain that their ploughs turn up dry earth. How far,
therefore, the rains have remedied the situation it is not possible so soon to state. The fields are by a 11 said to be remarkably
clean.
.Aereagre— There has been an apparent inclination this
year to decrease the area put in cotton. This has been mainly
due to the opposition to a large planting by the Farmers'
Alliance. The falling off, however, has been by no means universal; the disposition in that direction has been quite general,
but the larger body of planters seem to leave the decrease for
their neighbors to make. Still (to be on the safe side), we follow
the State Agricultural Department, and call the falling off 3
per cent. Fertilizers— While commercial fertilizers have re-
Mississippi.
than
erally
home-made
menced
—
—
in
some
new
crop
much
districts, therefore,
in the latter part of February.
earlier this
year
planting was comOn the whole the
wliich, with absence of moisture, retarded germination.
As a
however, the seed came up pretty well, although a few
of our returns say poorly and irregularly. The conditions in
the Yazoo Delta have been quite favorable, except that the
weather has been a little too dry; but while this tias caused
complaint from the uplands, the bottom lands have not
suffered.
In some localties practically no replanting has beMl
necessary, in others as much as ten per cent of the area was reseeded still the whole amount does not appear to have been any
greater than a year ago. Stands vary in different parts of the
Many correspondents say that they are very good tUa
State.
applies more particularly to the crop in the Valley. At other
points they are about an average, and a few replies state they
are not good. The plant was, of course, smaller than last
year. but will be rapidly improved by the better weather
which has set in the latter part of May. Little or no rain
having fallen during May, the fields are clear of weeds and
grass. Acreage Each year a considerable amountof new land
is opened to cotton culture in the Yazoo Delta, and the present
season is no exception. Elsewhere there has ahio been some
increase.
A fair average gain for the State would seem to be
about 8 per cent. Fertilizers have received a little more atteation this year, but the aggregate amount used is not great.
Louisiana.— Reports from Louisiana indicate that wHh
favorable conditions the farmers were able to prepare tiM
ground early, and as a consequence planting was in advaaoa
of a year ago by from ten days to two weeks. The seed oaae
up well, though slowly, on account of the low temperature a
night during a considerable portion of the time over a large
;
'
'
'
!
—
—
!
sorts is
,
—
and
rule,
reported.
Florida. In tliis State planting began in March, but was
not completed generally until after the first of May, or somewhat later than a year ago. The seed did not come up well in
consequence first of cold and then of drought. The .same
conditions hindered the development of the plant, and made
replanting necessary to a greater extent than in recent years.
Stands Some good stands are reported, but as a rule stands
under date of May 24th were said to be irregular and imperfect, owing to the lack of moisture. The rain during the
last week or more has helped the situation greatly, but how far
the cotton plant wiU be advanced by it, it is as yet impossible
to say. Tlie fields are said to be entirely clear of weeds and
g^ass.
Acreage Correspondents in the northern-central p.irtion of Florida report a tendency to increase the acreage in
cotton, but elsewhere there appears to be no dispoeition to
last,
season for the State was from one to two weeks in advanoe of
1888.
The early spring was rather cool in most sectiooa,
—
ceived less attention, an increased use of
—Favorable weather conditions enabled farmers
to begin preparations for the
part of the State. Our correspondents agre? in saying that
only a very small amount of repUnting was found to be
necessary. Stands secured average good and the plant appears to be in a quite satisfactory condition, the weather having turned more favorable the UUter part of May. Fields are
generally in excellent shape. At the present the outlook in
Louisiana seems encouraging, but in the central and south-
—
eastern sections moisture would be of benefit. Aertage Our
returns indicate a moderate gain in acreage, say > per MBt.
Fertilizers— In Northern Louisiana there has been a ooosldar*
able increase in the use of fertilisers, particularly the hona-
made sorta.
Arkansas.—An
earlier start
abled farmers to complete
and no
planting
special h tndrancas en-
operations
somewhat
.
THE CHRONICLR
750
[Vol. XLVIII.
sooner than in 1S88 a fair average for the State would be
about ten days earlier. Here as in other portions of the South
the reports are to a certain extent conflicting, but a careful
anaylsis of them warrants the statement that generally the
early-planted seed came up well, but late sowings are hardly
up to the average. The development of the plant was impeded by low temperature and drought during portions of
April and early May, but latterly the conditions have turned
more favorable. The adverse weather and cut-worms are responsible for a moderate amount of replanting no more than
usual, however, taking the State as a whole. Stands, as a
rule, range from very fair to good (a very few returns say not
good), though the plant is rather small. The dry weather,
while preventing the rapid growth of cotton, has effectually
checked the growth of foreign vegetation, and the fields are
Altogether the situation in
consequently well cultivated.
Arkansas may be said to be quite satisfactory at present, the
rains the latter part of May doing much good.
Acreage The
addition to the area has been quite moderate, say about 2 per
cent. Fertilizers A material increase in tlie takings of homemade fertilizers is to be noted.
Tennessee. The time of planting did not differ materially
from last year in the State as a whole, although in a few
sections it was a little earlier. The dry weather, and to some
extent the low temperature during part of April and the first
half of May, delayed germination, and about all of our reports
say that the seed came up poorly. Since the middle of May,
however, there has been a change for the better, needed rains
having fallen almost everywhere. The conditions which
delayed growth also made it necessary to do a greater amount
of replanting than usual, and on account of scarcity of seed
this has progressed rather slowly, and we hear of cases in
which seed could only be procured by re-purchasing from the
crushing mills. The Stand, as the foregoing indicates, is not
altogether a first-class one, but our replies generally class it as
fair.
At the close of May cooler weather was reported, with
light frosts, but without damage except that it checked development. The conditions so far as moisture is concenied are
now quite satisfactory. Acreagehas been added to moderately,
our returns averaging about 3 per cent. Fertilizers ha^ e
claimed a little more attention, but the aggregate amount
used is inconsiderable.
Texas. With favorable conditions all through the spring,
planting operations began early and were completed much
sooner than in 1888. The seed came up well, some say exceedingly so, and barring low temperature at times at night,
preventing rapid growth, the weather has been favorable.
Less than the usual amount of replanting has been done in
fact hardly any. Stands are reported good everywhere, and
ure.
are in an excellent state of cultivation. The first
half of May little or no rain fell in Texas, and this caused some
apprehension; but the vigorous condition of the plant carried
Tennessee
Other States* Ters.'
The other Atlantic States either make no change
add but slightly to their previous planting.
With
them cotton raising is not by any means an industry exclusively practiced
crops are more diversified, though
;
or
;
there
In the Gulf States there
it is
the
We
The
increase.
The margin for profit in its
Very wisely, therefore, the
it
can
of late
That feature
to
greater proportion than in
cities;
besides the
more needy borYet as
is
a
saving in the rate of interest for
good reason for believing
Still the total expanless.
sion in the cotton area for all the States has been for
The changes this season are a little
several years small.
As we make them up for each
larger than a year ago.
is
also
that the advances aggregate
State they are as follows.
Estimated for 1889.
States.
Acreage,
18^8.
Acres,
Decrease,
Increase.
Nortli Carolina
1,027, 900
Bonth Carolina
Georgia
3,066,
Alabama
Mississippi
Louisiana
Texas
Arkansas
Total.
1869.
1 per cent.
1,052, 960
120
3 per cent.
272, 500
Florida
2
2,953, 210 2
2,774, ,250 3
1,066, 360[ 2
4,506, 360
1,453, ,540
9b8, 200
7
2
3
104, 000! 3
per cent.
per cent.
percent.
percent.
per cent.
percent.
per cent.
per cent.
1,033.180
1,652,960
2,974,140
277,950
3,012,300
2,857,480
1,087,690
4,821,800
1,482,610
997,250
107,120
20,309,480
19.845.430 2-34 percent.'
Indian Territory is increasing, and
In Missouri there has been an addition to the former acreage of about 5
percent. Altogether we judge there has been an addition of about 3
per cent.
*
The area under cotton
in the
This shows a net increase over 1888 of 2'34 per cent,
esti-
bringing up the total to 20,309,480 acres in 1889, against
We add the acreage for previous
19,845,430 in 1888.
years for comparison, giving at the foot of the table not
only the acreage, but the total crop for the year, the
percentage of increased production over previous year,
by this report.
and the product per
acre.
COrrON ACREAGE FOR THE YEARS NAMED— (OOOs OmittCd).
CONCLUSIONS.
They may be briefly stated as follows
First.
As affecting acreage we would say that we
think the figures we have reached are an under-esti:
Slates.
—
North Carolina.
South Carolina.
Georgia
There is certainly a tendency to enlarge cultiFlorida
Tation and it is manifest almost everywhere.
In the Alabama
Atlantic States this disposition has been very moderately Mississippi
Louisiana
exercised, but in the Southwest and especially in the Texas
richer lands it is pronounced and substantial.
Georgia Arkansas
Tennessee
alone records a decrease we doubt very much whether AU others
mate.
;
the contraction in the area planted
give
natural.
is
brings] the 'additions
it
years (in
advances, and there
foregoing facts furnish sufficient data from which
intelligent conclusions upon the points covered
we
produced cheapest.
be
because
important,
a whole there
draw
gia as
This
rowers are always at the mercy of the lenders.
mates received, and make the average for the State 7 per
cent. Fertilizers have received no more attention than in
former years. As a rule, none are used.
to
Speaking generally,
but the richer lands
Prices are low for cotton.
place in the large
fallen in almost all
take the lowest
loss,
former years) where the production is largest and the
One further fact is favoring the
cost per bale is least.
planter now, and that is that the rate of interest for
money is lower. Of course among farmers and in
smaller towns there is no such fall as has taken
—
variously estimated.
poorer lands show a
acreage
very satisfactory.
Acreage There is
always a tendency to increase the area in cotton in Texas, and
it is
of a conservative character.
where
fields
this year
more decided expansion
Even there, however,
show a very perceptible
is
—
localities the outlook is
the
planter in his effort to lessen cost seeks to raise a crop
—
and now rain having
a
is
progress.
growth has contracted.
—
all right,
than formerly, through
of the Farmers' Alliance.
in cotton planting in
—
through
conservative growth, probably kept
limits
and advice
efforts
—
it
a natural
within narrower
—
tlie
is
it,
that
is
is
as large in 6eor-
Total acreage
3 per cent, but in the matter of
percentage we leave the responsibility with the Agricultural Department of the State, because it is so imposBible to fix with confidence upon any exact average fig-
1888-89'1887-88'l886-87 1883-86[ 1884-85 1883-84
1,072
1,072
1,654
2,977
1,028
1,653
3,066
1,028
1,637
3,066
1,082
1,670
3,006
1,093
1,704
3,067
273
270
284
294
278
270
2,953
2,774
1,066
4,506
1,454
2,953
2,693
1,045
4,292
2.984
2,564
2,897
2,489
2,813
2,440
1,411
2,924
2,6)5
1,015
4,011
1,34;
968
104
968
103
19,845
19,466
1,6871
3,007
995
921
940
3,257
1,231
8,102
1,184
940
103
3,680
1,305
931
103
895
100
886
111
18,994
18,710
17,834
17,449
5,714
5,669'
6,514
6,550
l-95p.c|2-49 p.c 1-52 p.c 4-91 p.c 2-21p.c. 5-18 p.O
Iner'se In production 0-46 P.C17-74 p.c *0-55 pc 15-51PC •0-79pc]*18-3po
149
144
1641
1S7
160
166!
Pr oduct per acre.lbs.
Total production
Increase in acreage.
4
*
Decrease.
7,050
7,018
:
JUNE
.
THE CHRONICLE
1889.]
8,
.).
.
751
Second.— With regard to the maturity, cultivation
uud condition of the plant, the conclusions readied are
uat ai. um.
aM
A—ttt
LtaMllUm.
as follows
(1.) As to maturity, the crop as a whole is certainly
more advanced than that of a year ago. For the
Atlantic States we have, as stated above, supplemented
our mail advices by telegraphic information, and find
Of course
improvement.
ure
many
in
Intereet doe, anuild
needed, but the rainfall
is
warm weather and
with
medium
a
this crop cannot be called either an early
(2.)
;
we should say
as to maturity that
it
IjSSl
redeemed
bonds and Inle'st.
810,l«ta
Aooapons p'd
29,5110
"tS
lnt.(L<.il>UI(»)
Kraet'l oar'o;
U.
4.
dt
coup. Int. prep'd
Debt and lnter'st.(.4«Mf
10,415.108
. .
riTe p. 0. rnd for redemp.
of Sat. Bank notes
a4iOk4oe
Redemp.rei'r.(Z.<aM]i(v)
Nat. Bank notea In proeeaa of redemp. ..(ilssst)
tm.'Ht.TM
4,t48,ge«
8,M0,48S
Net rea'rTea.( L<a6UUv)
181.740,019
oaoe dept account.
3.395.4T4
5,a8».0»
Olsbnrs'g oncers'baroes.
Cadlttrlb'd aas'U of fali'd
87.110,aM
29,814, I>A
1,495,570
i3;»,s;o
Post
minor eoln
redemption account
1,100
aoi>
«,180
1,180
Fractional silver eoln re*
Cultivation 'hashe^n greatly favored by the lack
Of home-made manures, the
and rapidly growing. This is all in the line
of economy in production, a lesson the South is rapidly
learning and a chief reason why that section is becoming
richer and less dependent on the money-lender.
(.3.) Condition of the plant, as may be gathered from
what has been said, was on the 4th of June better than
a year ago. In 1888 it was extremely various. In
aggregate has lessened.
steadily
In the
1889, of course, there are also great differences.
Atlantic States, for instance, one will have to wait a
demptlon account
Redemption and exch'Ke
account
Treasurer's transf'rcb'ks
and drafts ontstandinft.
Treasurer U. 8., axent for
paying Int. on n.Col.bds
And
eii^n
4,a8S,7«!
7lJtM\
42,107.23r
1.<MS
47.«37.»*:t
8,40<i
(
Net
781,8:9
4,548.189
78.531
(LialUUy)
Int.on D.CoLbds pd Jssel)
Total
(LlabUUy/.
BaIancea..(I.labtlilr)'
47,A2e,541
4*.ioo.aa7
'1)40.183,338
i3a.—.w
58,119,693
M.977.1M
Net balance.. ..(Asaet)
Aaaeta not available—
Minor coin
8nb«dlar7 silver
Amresate net
\
210.428
coin..
«5.1'<5,2a5
.....|
I
83,459
^.Issst.
InUr'i
P-V'hU
ISSf).
Oiupon.
114.01i*.150
«.-J.
Q.-J.
J.AJ.
Je. pension
PaoUto BKs... J.* J.
678.915.800
1801.
U
1807.
Ibf-Jt
t
t
*
Q.-M.
(Ms
tnt. Dw Accrmt
tCnpaU. tntmmt.
.Amount OaUlantln^
itegdtend.
t
some of the best counties
of North and South Carolina and Georgia we have reWith
ceived very encouraging advices by telegraph.
-U,
The following is the official statement of the puhlio debt at
the cloee of business May 31, 1839.
INTBaEST-BBARINO OBBT.
ISSIM.
yet from
mjmjmt
W>
DEBT STATEMENT MAY
Ctiaracttr of
time before pronouncing upon the precise situation.
The cool nights which over a considerable section followed the rains prevented their full benefit from being
seen quickly.
311.093
l>'bl.tlnt.net(l.iiiM<Uvl
Kos'To for red. u.S.notee. iM),ooo,'o66
Kund hol'J fur redenip. of
notes of Nat. Banks.
80,497.4*4
was OnmnoT and
crop.
There probably never were cleaner fields on
the 4th of June throughout the South than to-day.
We scarcely have received a complaint that weeds or
grass were becoming troublesome.
As to the use of
commercial fertilizers no doubt the amount in the
is
1/)15,6W<
Debt and
National banks
of rain.
use
«i;
rxjo
due, nnpald
Aoo'dlnt., Pac. KK.b'dr
Rev.
States cotton is well advanced.
Almost everywhere
planting began earlier than a year ago, but in some
sections drought delayed germination.
Now, however,
good progress is making and our latest advices are best.
or a late one
n,wa.it*t
l,U>r!,Ma
lft4,4W
Int. prepaiii nutaoor'd.
Debt bearing no tnter'at
Int. on Pio. HR. bonds
InLofa'cks
seasonable showers hereafter,
and
l,IM4,Mt
, .
sections
the plant will not only be found to be well started, but
make rapid growth. As a general rule in the Gulf
At present
.
Aooruedlnt«rMt
Matured debt
Intar't on matarad debt
more moisthas done great good, and
4st>Cs
Debt a!«i> I.vt,-
Pn»t.ic
as a rule that since the rains, there has been a decided
UHi
Armii.18,
143.40SM0
88.383.400
97.3«1.000
•7M9UN0
4s refdn.certfs.
lia«40
...
14.000,000
Anresata
»
ITS.T18
0»i.9tl
47.834
tjmvm
ITSjl**
•84.828.512
•64,fl8>.5U
7.819
i.8ujn
757.557,488 12SJW1.4O0
897,888,7021 I.IM.183I
7.aoijra
regard to the Gulf States the situation is certainly
• 84.888,000 matures Jan. 18. 1995; •810,000 Nov. 1. X888i averace daU of
(3.880.000 Jan. 1. 189B, 14.380.800 f*b. U vmi
18. 1S95
favorable. Texas sends glowing accounts; and our latest matorltr. Uarcb
avenwe dateof maturltr. Jan. IS. 1806 89,712.000 Jan. 1. 18»J: 88^804,9a«Ja«.
advices from the States in that neighborhood are the 1,1806; I14.004.5<W Jan. 1.1890.
DKBT 0.1 WHICn I.NrURBST HAS CBASBf) 81NCB MATORITT.
most encouraging. Altogether, therefore, in condition
Asgresata of debt on which Interest haa oeaaed ilnoe matnrttr Is I1.90T.9M:
InUreet due and unpaid thereon. 8154.438. ThUdabt eoulaUot aaaabarot
this year's start is more promising than last year's.
;
:
Itema of wblch the principal amounts are called bonds.
DKBT BEARINO NO INTBHBST.
UJSITED STATES
It
TREASURY STATEMENT.
The following statement for May was issued this week.
shows the condition of the United States Treasury May 31
;
we
give the figures for April 30 for comparison
HAT SI. 1880.
:
ArBIL
80, 1889.
UalMtU:
Balllon
836,055.518
Total gold
CertlHcates iasued
on Uaad.
. .
neHLUibaUv)
Net sold
27.350,140
20,783,483
1?9,(K4.682
13e,el4,78S
BILVKB— boUarB.stund'rd
Total silver
271.3*1,743
4,aTl,544
275.484,2-23
(Auet) <T9.6I«,548
«)1.T4SJ««
6J8u6,0e»
«6S.S»l,Uii8
S,4Bl,8AiO
Certltlc's, net.(Z/4<iMI(ttl)' 255.537,810
954,939,203
Certltlcutes Issued...
Certificates on hand,
Net
silver In treaaVl
.i^i
1(70,000
S8.S50.1S7
14.090,000
110,000
18,160,000
14.580.000
16.420,000
. .
.1
Certlflc's, net.(i:inIiC{tv)
Net U.s.notes In treat.
S1,0M,0M
£4,151,788
U. states notes.... (.4««t) 4a,040,M7
Certldcates Issued
Cwtlllcates on hand.
UMUjmt
•8i.T4j;^a»
a.«D8,ii«»- «
ir34j88k,m
latareat-bearlns debt
887J88,m
Debt on which int. baa
Debt bearlnc no Intereet
7»t.a8«jMO
tJ«7J8a
IMOTart.
n<at.
Nateasb
13,770,187
Deposits In Nat, Banks..
Bnlanccii....(Aiset)
aaaso 1,931
JB1.63S.07»
«,0tt3A'<8
4<).«09,t<15
1M.48*
9J48L24S
1.II53.8IM.248
Total debt
Lass cash items available for redaetlon ot the Aabt.. .•421
"*"
Leaa reserve held for redampUoa of O. 8. aola
In
umjuum
ten
USt.0
Total debt. less available oasbltama
87,790,881
8,063,588
254,121
47,789,434
Trade dollar bullion
National Bank notes
is.ia«,Ma
RBCAPITDLATION.
PrlnttraU
4,208323
Ballloa
2KMM0-
101,589,113
102,253,715
In treasury.
Qold certificates
388.203,l«l
(il»«t) .S3I.«97,8T7
Certificates
ld.lN.000
t8«.aMj802
17.8ao.l48-
AMgresata of debt bearlns no Interest.
....
CertlBc'B.
Lettal -tender notes
CertlHcates of deposit
Lass amount held In Tceaanrer*! oaab
Less amount held In Treasurer's caab
•••
aUver oertiaoatea
Ii«M amount held In Treaaurer'a aaab
mettonalcnrrencr. .•
Leas amount estimated as lost or deiUayed...
AB$tU and
OLi>— Coin.
Old demand notea
aaaiamt
the Treaaurr
Debt, less cash In the Treasarr. June 1. 1888
Debt, less cash In the Tieaaurr. Mar 1. 188^..
.
Decraase of debt durtnc the month
Deoreaaa of debt since June 80. 1888.
UOUI8M8B
TC,««.ltS
—
THE CHRONICLR
752
PACIFIC RAILROADS.
Principal
Outstaniinq.
JToTne
0/ Railway.
Int. repaid
Interest
Interest
accrued
and not
paid by
the U.
yet paid.
S.
Kan.
Pacific.
I
6,303,000
Unl'n Paciflc:27,236,512
Cen.Br. U.P. 1,600,000
pay- of Inter'st
m'(s: 5p.
c.
paid by
net earnings. the D.
Service.
t
658,2S3
S.
»
t
5,8J2.413
8,699,81d
4,509,504
680,912,33,945,899
11,988,5^4
21,518,895
40,0001 8,077,808
2,309,166
1,828,320
40,7081 2,001,643
...84,823.512
1.615,587 80,547,852
22,087,226
1,970,560
By cash
Transportation
873,500
9,387
153,503
West. Pacific
Sioux 0.4 P.
Totals
By
Balance
»
»
647,128;31,9W,*I4
167,57 j! 8,209,323
\
Cen. Pacific. 25,885,120
two years
by Companies.
49,264
2,818,633
25,473,918
1,697,381
1,848,139
1,103.619
.57,357,006
The BinklnK funds held ($10,588,650 bonds and $198,549 casb) (10.787,239. of
Which $3,222,057 was on account of Central Pacific and $7,565,182 on account of
Dnlon
Pacific.
[From onr own oorrespondent.
I
ago.
posits at the
[Vol. XLVIII.
Presumably, he will have to increase his deof England stiU further between this time
Bank
and the 6th
If so, there is little probability that the
of July.
supply of money in the outside market will be increased.
The Chancellor of the Exchequer stated in the House of
Commons the other evening that the session was too advanced
now to leave any hope that he would be able to cany the
measure he has in contemplation for regulating the bank ncte
circulation.
He admitted by the way that it is a measure of
large scope and would naturally give rise to protracted discussion.
But he intimated that he stUl hoped to be able to do
something towards recoining light sovereigns and half sovereigns.
There was a very general belief that Mr. Goschen
intended to propose the issue of half sovereign bank notes
based upon sUver, but this is doubted by some. At the same
time it is thought that he proposes to authorize the issue in
England of bank notes of much smaller denomination than
are
now
permitted.
It
was expected,
therefore, that
his
measure would tend to decrease the amount of gold in circuLondon, Saturday, May 25, 1889.
The London money market is hard and easy in alternate lation, but it is now clear that the expectation must be given
weeks. Every slight increase in the demand, such as is occa- up for this year at all events.
sioned by the fortnightly Stock Exchange settlement, raises
The Bank of Bengal has this week lowered its rate of disrates, while a slight decrease in the demtmd causes them to count from 9 per cent to 8 per cent, and the demand both for
fall away.
From this it appears clear that the supply of loan- silver and for India Council bills has in consequence fallen off.
able capital in the outside msirket is but just sufficient for or- But the Bank of Bombay maintains its rate at 9 per cent, and
dinary current requirements, but is not enough for any in- the demand for remittances for Bombay continues strong.
creased demand. The S% millions sterling which the Bank of However, there is scarcely any change in the silver market.
England has received from abroad since the end of February
Operators here are puzzled by the com-se of the market for
has enabled it to supply all the demands for the in- American railroad securities. Some weeks ago there was a
ternal circulation and to add a considerable amount to general expectation that we were about to witness greatly inits
own stock.
Consequently its reserve now slightly creased activity in that market, and there was a disposition
exceeds 15 millions sterling, being over 42 per cent of among operators to buy largely. It was seen that the condiall
its
habilities.
That is to say, the reserve is now tions of the market had completely changed, owing mainly
considerably larger than it was twelve montlis ago, and is to the favorable crop prospects and to the cessation of wars of
about the same as it was two years ago.
The bill brokers and rates. But unexpectedly the disposition to deal here has died
discoimt houses in consequence are inclined to compete ac- out. Brokers report that the general public is doing nothing
tively for bills, anticipating that the value of money for some that in fact they are receiving fewer ordere now for Ameritime longer will decline. But the directors of the Bank of can railroad securities than for a long time, and even arbiEngland evidently take a different view, and in our opinion trage houses profess inabihty to see thek way. Nevertheless,
they are right. In the first place, the impoi ts of gold are now prices are rising, and operators in consequence are puzzled
tending to fall away, while an active demand has sprung up what to do. They are uncertain whether the advance in
for Paris. Much of the gold that has ai-rived here during the quotations is due to the covering of shorts in the United
past week or two has been taken for French account, and the States or to influential buying by weU-informed capitalists
probabUity appears to be that the French demand will in- there, or to mere manipulation by cliques and syndicates, and
crease.
At the same time private telegrams irom Buenos therefore they are for the moment doing nothing. If, howAyres announce that the Argentine Government has intro. ever, the rise continues, they will soon begin to ojierate, for in
duced a series of bUls into the Argentine Congress intended to spite of the uncertainty there is a very general beUef that a
enable the Argentine Government to attract gold from Europe. considerable movement in the market cannot be long delayed.
The immediate purpose of the bills is to authorize the conver- In the meantime the only activity is in American brewery
sion of the whole internal debt, whetlier in the form of cedulas shares. Large numbers of American breweries have been
or of government bonds, into external debt. If these bills are brought out in this market, and continue still to be offered
passed, it is possible that the demand for the Argentine Re- here. They have all been eagerly taken up, and in man-^
public, which had so great an influence upon the London money cases the stocks stand at a high premium. The buying, how
market last year, will spring up again, and that in the course ever, is chiefly for trust investment companies. The general
of a few months we shall have to face a drain for the River public are not investing in them any more than in railroad
Plate.
Over and above aU this, the number of South Ameri- securities.
can issues of all kinds now being brought out here is large.
In the market for international securities there is no more
The probability appears to be, therefore, that while the value activity than there was last week, but prices stUl remain
of money is not likely to rise for some little time yet, later in steady. The strikes in Germany, which at the end of last week
the year there will be a stringent money market.
appeared to be on the point of settlcnent, still continue, and
Another influence which is being felt by the market, al- fears are entertained that an arrangement will not early be
though the discount houses and bill brokers do not pay to it arrived at, for the miners complain that the employers have
the attention it deserves, is the slowness with wliich the Chan- not kept faith with them. Owing to this, operators on the
cellor of the Exchequer is completing his conversion of the Gei-man bourses are unwilling to increase their engagements,
three per cent debt. At the beginning of last week he re- having quite enough to do to maintain markets as they are.
ceived tenders for only 6 millions, and owing to inaccuracies in In Paris, at the same time, there has been heavy selling for
the forms of tender he was in fact able to redeem only about some tune past. The great rise that has taken place in inter4 millions. It would appear from this week's Bank of Eng- national securities since the failure of the Comptoir d'Escompte
land return that he has been able to pay off very little more lias enabled those who suffered losses on account of that failure
since.
No doubt the 2 millions which were tendered for re- and the failm-e of the Panama Canal Company to sell the sedemption but not actually redeemed last week will be paid off, cm-ities which they still retained at good prices, and they have
but it seems probable now that at least 8 or 10 millions will been doing so on a very large scale. It is mainly owing to
not be claimed. The Chancellor of the Exchequer has pro- these heavy sales that the French exchange upon London has
vided for this by inserting a clause in the National Debt act turned in favor of Paris, and that there is now a danger tliat a
enabling him to convert into 2% per cents all stock not con. large amount of gold may be taken from this market. Tlie
verted or redeemed in October next. In the meantime, how- great financial houses, however, are strong enough in spite of
ever, he will be compelled to hold large amounts of money all these adverse influences to maintain prices, but they have
unless unexpectedly applications for redemption should be done nothing more. Probably they are satisfied that current
made to him. At the present time he holds in the Bank of quotations are higli enough to enable them to carry through
England about 4 millions sterling more than he did at this tlie conversions in which they are interested, and to place the
time last year, and he holds about twice as much as he did new issues for which they have contracted.
.
..
J0NB
8,
1
THE CHKONICLE
18^9.]
The only other department of the Stock Exchange which
calls for any notice is the market for South African gold
sliarea, in which during the week there has been a marked recovery. The rejwrts from the mines are very favorable, and a
new and very extensive gold field is said to have been discovered, richer even than those already known. The selling from
South Africa, wliich for a couple of months has been very
768
Supplies of wheat available lor oooMuoptioa
(nelwira
i»w«»t» tf
*^
•tocks on September 1):
m
^
IMS 4-0.
InporU of whMtowt
4.^.0•^ft,(I07
Importa of Hour
BalMot home-grown.
ia.'Oo'.oiii
Total
>«.7ie.a'a
13,0a7.<>OU
tz.iu.ais ic
3l.KiO.Ma 81
es.937,«40
...
,
S3.767,31«
78,337,7fe« 74,l}l,0aa
ts88-0.
tU7-«.
isae-?.
8ta 8J.
Id.
81a 3d. 80a 4d. 89a Sd.
7;,02»JM
IMS.*,
niTM.
small 8|>ccula- A.ver. prloe wheat
MMon.
aoa M.
tors have all been cleared out, and that the South African
The followioK shows the quantitiea Of wheat, flour
banks wliich had called in their loans to these small specula- maize afloat to the United Kingdom:
Thliittk
Latmmk.
1«RS.
.
U*7.
tors and compelled them to close their accounts have now __
Kl><»t
...qr». l,933,noo
1.414.600
3,l»9.flOO
l.«3a.MW
stopped forcing sales. Owing to these circumstances, large Flour, equal to qra.
242.000
33 i, 000
362.000
108.000
Maize
are.
a.'iS.^OO
S-iO.ftOO
capitalists have been buying of late and brokers report that
the shai-es are now held by much stronger operators tlian have
EuKliah FInaaclal narkela— Par Oakle.
The daily closing quoUtions for securities, Ac., at I/ondoo
ever hitherto been interested in them.
are reported by cable as followH for the week ending June 7:
Fresh Conversion loans continue to come out here and upon
the Continent every few days. This week a Greek conversion
XiOtuion.
AW.
jroM.
Am*.
heavy, has
now
ceased.
From
improvement
all
in trade continues to
make rapid
progress.
BUver, per ot
is
4>M 011891
0.8. 4a of 1907
Canadian Paoltlo
CNu-
*
aaanat
September.
Oetober
NoTember.
December..
Janoarx
119(«
119%
53 >4
33 >•
75%
39%
119%
53%
63 >•
33%
IICH
no's
33%
110%
FebriuuT...
lO.OM
Marl MlKlt 7MaL
Oa*.
TetaL
B<«*iM anire'i
8
81JNS
%
8.S53
8,194
t
t
18,819
8MH
8.09*
8.488 81,888
I8.SA1
SJH6 84408
8,918
88,980
18,748'
«
0.788J
11.818'
83,074
80,780
io.aea
10.448;
8
8388 30318
83«7< 87388
8310 88388
18.TW 10,4S7
83St
8387, 8l3n
33081 88.188
8,«88) 891188
ISMO
10,4JK
14,888,
10,471
9,7«6
8,819
SiMdO
S0,7U
34.388
18,877,
10,708
8,400
18.TC8
19.178
8.187
80.183,
19.801
8.080
3380| 80.718
8381;
1,883
81.0I4|
I7,e<l|
eaio
*.l*7|
8,743
April
l«.9e7
e.iTS
:o.oo»
10.847
May
17.88.'
19.1)08
Manh
1887-88.
10.SSS
S.W8
»,78»
17.881
8S,T7S
18318
18.918,
.<<.I8t|
88J8I8
DI8BCK8EMENT8 (OOOl omitted).
1888-80.
Ordinary-
~»~
Pen-
In-
Hon».
terett.
18a7-88L
Max...
13,888
11,047
moa.
148.'a02
:
8
8
S4,S<8,249
~
18W.
1888.
ItlbO.
10.406,911
8.433.S08
4.884.t'88
8.984.887
«e.ll0.84ll
88.618.618
18.013,083
19,807.018
i7,oes,i«7
19.420335
14333.408
88.3S7,«a8
18.807,000
i8,aaa:>89
81,810.&ra
16,081.151
11.788,990' 14.888.808
1V,814,>I89 33.860,178
10,888.0G4
10.878,161
83.«8lf396
4»H
»«P.
101S4
8
144,181,000, 88306,000, 86,78o,000
4,918
88,610
l.O&i'
17,174
18381
81.486
617
Dec....
18,486
78
8.140
Jan
Feb
19,433
11,881
8,188
80.01*
18,l«7
1,478
918| 19,880
891
410 8,878
11.4M
806
1887-8.
1888-7.
1885-6.
32.767.246
3 1.988,592
S.702.661
7.435.703
1,512,067
2.SP5,30«
22.170,174
10,174.294
2,0i<2.084
15.987,8.'")4
20.819..161
13,967,909
12,811,618
13.810|
808 38.787!
0.461,
611 16378
13SS 88,488
0.486,
471
84,44»|
14.7«3j
8,M3|
83.137
88388
718i
8.016 8316;
11304
1.181 73871
11384
818
8378] 18.I8W
80 8.864
18.780
1.704;
u,n8
828, 8,«S|I
838S| 474;
18311
8381, 83«0,
»3«
3«| 73m1
.488
18.0841 18,438
17.070 886318' 1««.«88
Amoont outstanding Juno
14,6.56,432
10.488
Amonnt retired daring May
of cereal products into the
United Kingdom during the first thirty-eignt weeks of the
season compared with previous seasons:
IMPORTS.
10.986,409
2.340,734
14.780' 11,448
818^
8348
6.848
78,
J
W83W
3,070,001
3.109,011
86,100,030
The following shows the imports
36.716.376
13,562,372
9,795,042
1,797,150
1,855.062
88334
j^^
us the following, showing the amounts of national bank notes
the amoonta outrta nding June 1,
1, tc^ether with
and the increase or decrease daring the month; also the
changes tn legal tenders held for the redemptioB of
notes up to June \:
yatUmal Bank Horn—
•318,525,490
Amount outstanding May 1, 1880
t80S,8»0
Amount Issued during May
8p. e
101 13-18
p. a,
lOilM
10.930
6.707
Pr»i»-|
$~
8
8308 9,070
In-
HonM,
r-
8
198 88,148
498 1303 a<,196
KOT
an
May
37 7-16
8 p. a
lom
801
Pm-
omi-
CHAMaES IN liKGAL TBTDKBS AND NATIONAL BaRX NOTV TO
Junk 1. —The Comptroller of the Currency Ium famished
i
84389.00S 84,538.870 84.431,110
89.1S1.897
10.064
ntaL
8,770
4311
11
1886.
...
Prenv-
t
April...
oom
39 >•
7014
39>*
18,IISS
March..
Indian
Flour
87T,
67H
will
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
Peas
Beana
S3>tt
100
183
13m
76%
119«t
23<^
llO'i
108%
57»»
18,787
19.«8e
United States are highly favorable.
Barley
133
]08%
>«
57%
7S*
29%
Soun't
%
i».48e
8t.WI»
inlr
Sept
Oct
OaU
98H,
133
23(>8
InUr-l Uit^l*
Bn'w
tonu.
The wheat market continues dull and inactive. The weather
here is most beautiful, and the reports concerning the growing crops at home and upon the Continent as well as in the
1888-9.
981
98*
1888-80.
9,474
owt. 45,085.167
15.331.840
11,000.931
1.8«9.87»
2,190.098
.... 21,206,122
.... 10,4«1,713
981,
8e-87V8«'60
98»,,
fri.
BECEiios (OOOs omitteJ).
14,984
Wheat
43 >«
Government Revenue and Expenditures.—Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Qoremment receipts and disbursements for the month of May.
From previous returns we obtain the figures for previous
months, and ia that manner complete the statement since the
beginning of the fiscal year for 18J8-89 and 1887-88.
18,891
Prop, asseta to ItablUtlea
Bank rate
Conaola
Clearlnff-Hoasa return
43»„
wm
109
62H
110»g
^mW^P*
»0mmcrctal aufl liKtsceHatieatiB »eu» s
10.880
,
39
PennHvlvanlik
S4%
Phlladttl phla A Reading. 24%
(few York
:lt Central
llO's
Ana
seoarttiea
132
57 "•
74 \
29
119>«
119>s
Jnlr...
Other leoarlttea
Haserreof notea and coin...
Coin and bullion
109^
57»8
751s
nUnols t'eutral
trades are rising.
GoTemmant
10U>4
W**.
4S:|«
118300* aT^i^ 818388
Total 11 moDtha. 807.333 u».a8» 88,989 M6,834 iOI384
i<
go on, for a very large
part of the money raised, especially for South America, India,
and the colonies, is expended in Europe in the purchase omaterials. Employmsnt, therefore, is ample and wages in alj
Olroalatlon
Pobllo depoBlta
Other depoBita
8e-4a
Ohio. Mil. A Bt. Paul....
Erie common stock
making way upon the Continent as
As long as the new issues con-
improvement of course
80M
133
43
98 'I,
X98-1,,
9Bl,g z<8(i
0. 8.
distinctly as in this country.
tinue, the
42
98»„
foraooount.
Fyoh rente* (In Parla) tr.
parts of the country the reports are highly favorable,
and the improvement
13
d.
OonsoU.new 2\perot*.
do
Ma
.week. 391. tld.
It is believed that the
loan for 5 millions sterling is advertised. The Egj-ptian Government is stUl negotiating with the Powers for their assent to
the conversion of the Preference Debt, and when that is
eflfected it is understood that the Egyptian Government will
endeavor to arrange with the Turkish Government for the
conversion of the Turkish loans secured upon the Egyptian
tribute.
As stated above, the Argentine Government contemplates the conversion of all its internal debt, and the Russian
Government, it is reported, is arranging for a new conversion
loan of about 56 millions sterling. Last week's loan of over
49 millions sterling is believed to have been a great success,
and already it is said that the negotiations are far advanced
for the new conversion.
With this new arrangement the
Russian Government since the beginning of December will
have converted altogether over 150 millions sterling of bonds,
and that will be followed by an entirely new loan of, it is
said, over 60 millions sterling.
Also new government loans
and new issues are coming out in large numbers. Messrs.
Baring Brothers have offered this week a loan for the city of
Montevideo bearing 6 per cent interest, but whether the public
will take it seems doubtful, since the price at which it is
offered here is over 25 per cent higher than the price at which
it was taken in Montevideo from the city government.
There
are large numbers of promoters here from the Argentine
Republic, Uruguay, ChiU, Paraguay and Brazil, with all sorts
of programmes, railways, tramways, elevators and the like.
And unless there is a change in the feeling of the public, we
are likely to see before long as great a number of South
American new companies as we had last year.
Tlie
Aver, prioe wheat
TmuUr !foi*l—
Legal
\mount nn depoeit
notes
May
I,
to
1,
redeem natloaal bank
•83,iao,ois
1889
Amount ili'i>oslted during May
Amoont reissued A b'Bk notes retlr'd
Amoont
0316.39^480
1889*
lu
Mar-
•3,000,300
2,0i«,701
on deposit to redeem national bank
notes June 1.1889
*
I
Olnralatlon of naUouBl gold banks, not inelodad
1,903,401
•81.580,»Tt
aboT% •107,tn.
According to the above^the amount of legal taoilen on
to
June 1 with the Treasurer of the United
depoait
:
,
IHE CHRONICLE.
764
redeem national bank notes was 181,586,572. The portion of
this deposit made (1) by banks becoming insolvent, (3) 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
Deposits by-
March
Feb. 1.
1,009,176
6,674,894
Ingolv't bks.
Llqnid'K bks.
April
1.
May
1.
Jitne 1.
1.
970,386
939,.«22
$
969,434
6,660,394
6,583,631
6,539,23?
968,492
6,381,751
Ked'cV undr
act ol '74.* 77,625.574
75,713.330 75,334,928 75,611.364 74,236,329
185,509.644
83,344.110182,8.^8.381 83,150.033 81,536,572
Total
*
..
[Vol.
EXPORTS ASD IMPORTS OF SPECIE AT
Since Jan.l.
Week.
SinceJan.!,
Week.
$922,817 $11,006,807
2,474,632
6,912,754
Great Britain
France
$164,050
$5,790
1,323,828
1,216,762
113.808
29,571
84,620
Germany
West Indies
Mexico
South America
21,992
3,068,830
6,732
1,625,082
76,200
2,802
14,.500
All other countries.
Total 1889
Total 1888
Total 1887
$3,426,193 $22,761,173
23.650 11,868.7771
142.659
5,410,1831
"i',12'9
6,035
305,440
$15,756
15,h75
2,573
$3,240,079
4,l'/4,788
4,680,394
Imports,
Exports.
—
We
Bonds Held June
Public Deposits
in Banks,
Imports.
Gold.
Silver.
BONDS Held by National Banks. The following Interesting statement, furnished by the Comptroller of the Currency
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
gave the statement for May 1
depositaries on June 1.
in Chronicle of May 4. page 579, and by referring to
that the changes made during the month can be seen.
De*a-iplion of Bondi.
YORK.
Exports.
Act of Juuo 20, 1874, and July 12, 1882.
U. S.
NEW
XLVm.
1,
1889,
Bank
to
Secure—
Total Held.
Circulation.
SinceJan.
Week.
$668,060
2,000
500
Great Britain
Prance
Germany
1.
$8,230,774
122,500
$19,406
$68,132
598
5,146
1,109
'81*196
500
West Indies
102,488
Mexico
South America
All other countries.
14.60.3
Total 1889.
Total 1888.
Total 1887.
Since Jan,X.
Week.
44,834
35,113
504,129
10,300
153,480
"Too
$681,460
237,466
175,800
$8,674,345
5.198,510
4,639,701
$20.1211
—
&
2.',916
3,273'
$734,002
877,136
965.622
Co. bankers and brokers
The firm of Wilbour, Jackson
in Providence, R. I. has been dissolved by limitation. Messrs.
,
,
Joshua Wilbour and Benjamin A. Jackson have formed a
copartnership under the firm name of Wilbour, Jackson &
101,284,300
133,998,800 Co., and will continue the general banking and commission
busin.^ss at Nos. 48 and 53 Weybosset Street.
$194,770,750
Total
$45,02 3,000
J149,734,750
The attention of persons having money to use at present
Coinage by United States Mints. The following state- is directed to the advertisement of Mr. H. A. Crosby in i-egard
ment, kindly furnished us by the Director of the Mint, sho-.vs to the purcha.*e of a trjiot of land near the city of Helena,
the coinage at the Mints of the United States during the month Montana. So far as good faith is concerned, Mr. Crosby is
known to the jjublishers of the Chronicle as a gentleman of
of May, and the five months of 1889,
*1,103,000
10,904,500
32,714,500
Currency 6a
$4,399,000
$5,802,000
4t,'-.71,450
54,975,9.''0
—
—
high character.
May.
Five ilonlhs of 1889.
Denomination.
Value.
Pieces.
Talue.
Pieces.
—
The first mortgage 6 percent bonds of the Chartiers Valley
Gas Co. of Pittsburg (whole issue. §1,000,000,) are offered at 99
and accrued intere.st by Messrs. E. W. Clark & Co. of Phila,
103.070
36,000
£agleB
2,061,100
360,100
Full details are given in our advertising columns.
The company in the first four inonth.s of this year has earned
§147,000 over and above the §60,000 interest charge on this
delphia.
$
$
Doable eagles
350,070
211,000
7,001,400
2,110,000
17,600
44,630
bond
Three dollars
Quarter eagles
issue.
—Messrs.
139,070
2,421,400
578,670 9,155,400
3,164,025
25
3,104,025
13
14,952,350 14,952,350
25
25
6
350
350
173
88
2
24,904
2,490
3,164,10i)
3 164,010
1,636,025
125
2,850,025
81,801
4
28,500
5,829,950
2,150
21,761,^50
291,498
64
L. D. Alexander & Co. are offering to investors
through our advertising columns to-day $300,000 of the 40-year
4 per cent non-redeemable waterworks bonds of the city of
Nashville, Teun., at par and accrued interest. All particulars
will be furnished by Messrs. Alexander & Co.
Messrs. Coffin & Stanton are offering to careful investors
a few City of Sandusky, Ohio, 5 per cent bonds. For particulars see advertisement in Chronicle to-day.
Investors wishing to purchase Minneapolis City Bonds
should address Messrs. S. A. Kean & Co., of this city or
217 619
Chicago.
Total minor
4,486,175
110,305
27,594,050
509,181
Ttoalcoinaae
7,789,345
5,695,751
Dollars
Total gold
Standard dollars....
Half dollars
Quarter dollars
l>ln)^,4
Total Silver
Three cents
One cent
14,977,954 11,955,103
43,150,674 24,619,684
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show an
increase in both dry goods and
general merchandise.
The total imports were §10,039,763, against $7,030,013 the
preceding week and §10,153,346 two weeks previous. The
exports for the week ended June 4 amounted to $5,441,488,
against §6,031,646 last week and §5,753,974 two weeks previous.
The following are the imports at New York for the week endng (for dry goods) May 30 and for the week ending (for general merchandise)
the
first
week
May
31
;
also, totals since the
in January.
FOREIGN' IMPORTS AT
For Week.
1886.
Dry Goods
Gten'l nier'dise.
Total
Since Jan.
beginning of
NEW
1887.
$1,297,034
5,130,115
$1,687,110
$0,433,149
$8,430,645
YORK.
1888.
1889.
$1,507,018
6,32^,800
$2,171,984
7,857,779
$7,829,848
$10,029,763
$53,485.9071 »53, 132,110
146,829,733, 146,749,738
J61.709.278
154,596,979
6,743,535j
1.
Dry Goods
Oen'lmer'dlse.
$50,552,981
134,913,769
Total 22 weekfi. $185,466,750 $200,315,640 $204,831,848
9;21
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending June 4 and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
For the
Pwv.
week....
reported..
$3,911,684
119,802,726
1887.
$5,764,222
121,522,427
188S.
$5,162,314
120,534,797
1889.
$5,441,488
111,002,510
Total 22 weeks. $125,744,410|$127,286,649 $125,697,111 $146,443,998
The following
shows the exports and imports of specie
at the port of New York for the week ending June 1 and
gince January 1, 1889, and for the corresponding periods in
1888 and 1887:
table
—
—
Messrs. J. S. Farlee & Bro.. bankers, still have left a few
Tliese bonds carry 3-65
Middletown, Conn., 30-year bonds.
per cent interest, but are free of all taxes.
Auction Sales. The following were sold at auction by
Messrs. Adrian H. Muller & Son
—
:
Bonds.
Shares.
200 Safe Depo-sit Co. of N.Y. 135'a $7,000 2d Ave. ER. Co. 5s,
general consolidated, 1909. 106is
24 Wiiliam.sb'h'Oas-L'tCo.. 122^
$2,000 Broadway & 7th Ave.
75 Mechanics' Nut'i Bank 199
10638-10614
5s, 1904
100 U. S Life Insurance Co. II714
40 FarraKUt Insurance Co. 107% $8,01.0 Will'msb'g Gas-Light
110>a
50 Stand'idCiiaKtlronCo $1 1 lot
Co. 68, 1900
.
I
197 %
10 Bank of ('oniniercc
124
20 Bowery Fire Itia. Co
Mutual
5 N. Y.
Gas Co.... lOlSs
21 1'heui.t File luf. Co. of
Brooklyn
126
100 Atlanta & Charlotte Air
Liao K'v, guaranteed.. 89'a
50 Old IJounniim S.S. Co ... 70'a
6 Fourth Natiouiil Bank.. 160
110 Continental Nafl Bank. 129»e
29 Import, i Traders' Nai'l
518
Bauk
37 Home Fire Ins. Co
145»s
15 Mercantile Fire Ins Co.. 90
7 New York Concert Co.
(Limited)
$18persh.
25 Brush Eliet'cIlitim'gCo. 70
117
50 Am. Loan i: Trust Co
10 Lawyers' title Ins. Co 124
100 Acces.sory Transit Co. of
Nicaragua
$6 lot
;
$2,300 Atlantic Mnt. Ins. Co.
scrip, viz., $1,300 of 1885
lOS'i
and $1,000 of 1886
$3,000 Long Island City &
Flush. RR.C latSs, 1937. llOis
$1,000 Long Island City &
Flush. KR.Co. Istds, ;911. II714
$3,000 Atchis'u & Pike's Peak
102>«
EP.. Co. 03, 1893
$>,000 Ci'iclniiati R chm'd &
1921
ER.
Co.
78,
le^a
Wavne
1
Ft.
$ 10,000 .St. LouiM \ViL-hita&
Western RR. Co Os, 1919. II219
$1,000 N. Y. Mu-. Gas Co. 6s. 101%
.$10,000 Wasatch & Jordan
Valley RR. Co. 25-year 78,
1
I
1
|
.
j
.
1
$150
1904
$5,000 Hudson River Water
93
mort.
Paper
Co.
1st
Power ife
1 Eight New York Society
$3
Library
6 306.2,57
specie)
1886.
—
g*ttlilti0
Jtttrt
l^laattcial.
CIT Y of SAIS I>XJSlv V, OHIO,
S
IPei-
Cent
Se"v\^er-
Bonds.
Assessed valuation of taxahle property
Total debt
Poindation
$6,30?,967
$367,647
25,000
AND OTHER CHOICE INVESTMENT BONDS, FOR SALE BY
COFFIX & STAXTO.\,T
BANKERS,
NBW VOBK.
:
JU!»«
P,
giankjers' Ciairjette.
I
DI VIDKNDBi
ITAoi
JTame of Oompany.
I^wcll
3 19
Ikvf.
Col.
&
(In
II4
(
(
Lowfll
!
Jiav. (qiiai-.)....
IJuue
2
July
July
2'4
31^
June 16
June 6
j
H
"
3
lud
Coniitclli'iit Klver (qiiar.)
Kusloni in N.
& Andover
Oregon Kailway &
1 Jnne
June 27 June 12
Juno 27;Junc 12
July
1\
Norlliwcsi., prof., (quar.j.
ChliMK" A Nortbwc'st, coin
1
July
* lijj
I)
June lU
;;;;
1S89.-3 P. M.
The Money Market and Financial Situation.— Tlie week
r,
has sliown decided proRress in tiie strengtli of tone and the
cliaracter of business at the Stoclc Exchange. Tliere has been
more outside interest in the market, and the demand for both
stocks and bonds has been on the increase, altliough for a few
days transactions were impeded and the volume of business
reduced by the absence of quotations on the tickers.
So far as the immediate future is concerned, it is only a conservative view of the situation to observe that many stocks
have already experienced a good advance, and with prices
now ten points or more higher than they were a few weeks
ago there will naturally be some realizing of profits.
The inherent strength of the situation has been tested somewhat this week by the shock produced in the community by
the great Pennsylvania disaster. The loss of life and property
by the Conemaugh Valley flood was simply appalling, but
fortimately for the market the loss of raih-oad property fell
most heavily upon a company of immense capital and unlimited credit, and the whole decline in the Pennsylvania Railroad
stock in Philadelphia was only from 53i^ (106)^ on Friday,
May 31, to SOJ^ (100}^) on June 3, seUing to-day at o2i^ (104J^).
The exports of gold continue on a liberal scale, but the
monetary situation is easy now, and until we get into July
and begin to look forward to the autumn months there be
little attention paid to the money question.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 J^ to 4 per cent,
and to-day the rates wor« 2 a 2)^ per cent. Prime commercial
paper
is
quoted at
3(34}-^ per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £602,000, and the percentage of reserve to
liabilities was 40*77, against 43"50 last week; the discount rate
remains unchanged at 2J^ per cent. The Bank of France
gained 40,337,000 francs in gold and lost 2,725,000 francs in
silver.
New York
The
June
1
Clearing House banks in their statement of
showed a decrease in surplus reserve of $449,700,
the total surplus being §14,605,650, against $15,055,850 the previous week.
The following
shows the changes from the previous
table
week and a comparison with the two preceding
averages of the New York Clearing House banks
1889.
June
1.
Diffr'n^i fr'm
Frev. Week.
years in the
:
1888.
1887.
.7u>i« 2.
Junei.
Capital
60.7G2.700
60.762.700
Surplus
.">1XI1.-^IM)!
r>0..'(-<l.;",(KI
Loans and diiic'ts.
Bpccic
411.Tr,7.'-iiO
H(i. lo:i,i;(»<)
Doc
$
714.!l<:o
:ii;:i..-,jK.j(iii
365,231.700
Dec.l,792.5(i<i
wii, i:f(P.:i(iii
72.-t?0,9OO
><.2()<).70l»
3.U79.700 Doc.
24.200,
7.510,300
442.743.000 Inc. 317,200 3»1.227.100 371.307.100
44,887,800 luc.l, 422. 100 37,002,100: 24,654,000
79,.'}00 97.808.7751 92.826.775
110.685,7.'S0 Inc.
125,291,400 Dec. 370,400 123,522,400 97,154,500
Circulatiira
Net deposits
Legal tenders
Legal re-scrre
Keserve held
BnrplHB reserve
..I
14.605,650 Dec.
449.700| 25.715,6251
4.327.725
—
Excliansre. There is no change in the sterling exchange
market. The same dull condition prevails, and the market continues strong as to rates. Posted figures for sterling are still
Gold continues to go o^t quite
at 4 88 and 4 89Jii£4 90.
liberally, and the" total
engagements for this
alx)ut .S4,7.')0.000.
The rates of leading bankers are as follows:
Jvne
week are
Demand,
Sixty Day$.
7.
WW* M
0° *<t<UU blttllM«
follow.
(itT-
uw
The followiiiK were the ratal of dooMrtio nclMiigfi
on
York at tho und.-r-mpntloned citiM 1o-«Ut: Sariuinikfa.
N«w
bilifl
were:
17k«5
Pranoi, 8
!«;£
mSwa^toaa^, v>\<i^
bttriac
•^'
M-lbng U(.^i4 pn-miuni; Charlpnton. "btiTlnK
|«ri<|M(|
premium; Heinng >„>(t:t-l6
preiniuin; New Orloan*. romiMT.
-.
„JI>ar,
,„
rial,
.)0c.
pr<-miuni: Iwink, 91 prpmium; S|. LooIl
-~—. 80a.
«~».
premium; Chicago, flOc. premium.
Coins.— The following are (juotation<i in gold for vnrirnM roiaa
aorereigni
«4 46 •4 90 Fine .liver bar... -ov'»* Napoleonn
3 00 9 3 03 Five franc*.
-93 • XXBelohmarki. 4 75 9 4 80 Mexican doUan -73
._
.
• - t4
MPeMlaa
4 81 9 4 86
Do ancommero'l — 73>« •
Span. Doubloon*. 15 60 915 75 PcrurlaaioU
—72
•
7a>*
Hex. Doubloon* IS 55 915 70 EnaUah allrer.... 4 81 •
9 •4
n
M
.
il
June
^*^
'"^
and bv.i:
,
to Junp l.^
to June :)(i
to Juni; :i<)
to June 21
to
Also an extra dividend of 1 per cent.
WAM. STREET. FRIDAY,
'^'^X
75o
a;d'r.;";S)4o»f
Railroads.
A
:
.
^®*''» ""^
Book* OUmd,
(Aiyt incluUvt.)
Otnl.
riilc. A-
.,
nentol
The following diridonil8 have rcocutly been nunounoml
Boston
.
THE CHRONICLE
18S».]
She
.
Fine gold bars...
par
9>4preiii.
trad* dollar*
-73
M
'
Komlnal.
United SlatpM Bondfi.—Transactiona in Ooremmeiit bonds
at the Stock Exchange have been very limited, and the market
unchanged.
The same jiolicy ig continued in regaid to
Trea.sury purchases, and the takings foot up this
wetOftOl.*
700, mostly 4' js, the amount of 4s offere<l being Terr «maH
The statement for this week is aa foUowa:
18
«W Put
OnU
«iM isn.
o/eringt. PureA'n,
Saturday
..
1(9.000
Taesday...
i«i.eon
(44.000
•0.000
i»).ooa
Wedn'sdaj
SSb.SO"
8S3.aao
Ttaarsdsr..
1«,290
Monday
M.OOO
Frldar
Total.
The
.
..
16.9
tat
10i>M
10.000
l0»J(i
aoi.Too
_J0«4_
923,000
9UI,(B0
«0«M
400
cloaiag prices at the N. Y. Board have been as follows
'
4>28, 1891
4'a8, 1891
48, 1907
our'cy,'95
cur'cy,'96
cnr'cy,'97
cur'cy,'98
cur'cy,'99
This
is
7n<erM( June
Periodt\
June June
1.
4.
3.
tbe
Jun* Juno Juno
5.
I
0.
7.
-Mcb. *106>a 'loo's •IO6I9MO6I2 -lOflig
106 >•
~
coup
-Mcta. •I07»ii'107'9 10619 106ii)M06>« *10fl%
reg
!.-Jan *128
'128
12s
128 -128 .'laS
eoup
-Jan. •129
129>4 120
120 '129
13a>i
reg
<L J. •xll9 '119
110
110 MlSiv'llS
-122
'122
reg. J. A J. •xl22 •122
•12m '121
reg. J. & J. •jc25>9 •125'a •125>9 125
124 >s -134
reg. J. A J. *x28>s*128i9*128»s 12^
•128\'128>4
131 '131 '130
reg. J. A J. *xI31 "131 .'131
price bid at the morning board : no tale was made.
reg.
48,1907
*
o§titm. PwrA'm. fruutmlfL
io«H
l««M
10»«
310,7(jO
'
69,
6«,
6s,
68,
6s,
W
4FirO**l««MlMT.
Pricm rati.
-
1
il
State and Railroad Bonds.
I
—
.State
bonds have been without
feature tliis week, only a f<;w transactions being
recorded, and these are of small importance.
There has been a pretty fair amount of business in railroad
bonds and the market continues in a healthy condition, with
the general tone firm to strong, while many classes have
recorded moderate advances. Denver Western receipts hare
been rather active throughout and weak to-day, and there
were also increased deaUngs in Ml'isouri Kansas & Texas Ss,
special
and 7s, with an advance in tlie first two named.
Railroad and Miscellaneou-S Stocks.— Business was interfered with corbiiderably this week by the absence of the
" ticker service prior to Thursday. Brokers and others
without this prompt information four days, from Saturday to
Wednesday, inclusive, and it had the etfect of reducing business to a smaU volume. But on Thursday the service was resumed (on a somewhat different basis, however), and the effect
was immediately seen in a considerable increase in the volume
of transactions. Notwith.standing this adverse influence and
6s
"'
'
the extra opportimity it apixirently ofrere<l for niiding the
market, the tone has continued remarkablv strong all through.
These circumstances, and the appalling calamity in Pennsylvania, may fairly be .said to have afforded a rather severe test to
the vitality of the current bull movement, and the way it
stood the test was accepted as an encouraging sign by those
who are working for lugher prices. The situation an regards
rates nniong the Western roads is not all that couM ht- defied,
but this fact does not exert the influence it would have had
last year.
The grangers continue relatively active and hare been
upon the whole, though without the development of
any new feature. The coal stocks have been strong in spUe
strong,
and destruction to proiH>rty in Pennsvlvania. in
which the Pennsylvania R;iilroad lost lieavily ami the Reading
to a moderate extent. Jersey Central has been a si>ecial feature,
and has risen steadily to above 106. Among the Oould stocks
Missouri Pacific was the feature, with a sharp advance oo
Thursdav on hirge purchases. New England also oilvanced at
thw time, and it had iiretty fair activity all tlirough the
week. The Northern Pacifies had a sharp advanoe early in tiw
week on rumors of a settlement with Umon Pacific, and then
was only a jiartial reaction.
One of the most important features recently has been toe
enormous transactions in some of the trust stocks—notablr in
lead and sugar trusts. There have been some very bnlliBh
rumors in regard to these two in particular, and otner trust
but it is dooMfal
stocks have been strong in sympathy
whether those help the general fnarkot. as they are
differently from the regular railroad stocks, and less is
of the flfxxLs
;
4 88
4 89'aa4 90
Prime bankers' sterling bills on London..!
4 86*484 86'a
Prime commercial
4 86 34 86"^
Dociinientarv commercial
Palis (francs)
5 17>a85 lO's 5 l.^iOgaS 15
Amsterdam (guilders)
40's»405k
4038«40',b
I
Frankfort or Bremen (reichmarks)
I
1
95'4a95%l95»88»5^
1
of the " trust" finances.
To-day. Fridav. there was some reaction in the
and prices yielded in the afternoon.
geaenu
list,
—
....
; '
!
!
1
THE CHRONICLE.
756
STOCKS— PRICES AT
[Vol.
STOCK EXCHANGE FOR WEEK ENDING JL'.VE
N. Y.
7,
AND SINCE JAN.
HIGHEST AND LOWEST PRICES
STOCKS.
June
Actli^e KR. Stocks.
Atchison Top. & Santa Fe
Atlantic
Monday,
June 3.
Saturday,
1.
i5M 46
7^8
*55'8
Faciflc
Paciflo
.*
Canadian
Canada Southern
8
57
44%
4558
7'3
*55'a
56%
June
June
4.
•7%
8
56
*35
21
61
36
i
I
'
I
I
'
t
I
:
I
I
.
.
I
.
•17% 18
74 5r
7114
11'4
9612
& Ohio
Nashv.CUattanoogairSt.TjOUis
New York Central & Hudson
7314
•11
1114
964
*16% I714
New York Chic. & St. Louis.
Do
1st pref. *70
71
Do
2d pref. *36% 371a
New Y'ork Lake Erie & West'nj 28% 28%
Do
pref.
New Y'ork & New England.
46% 46%'
New York Ontario <& West
17% 17%!
New York Susquehau. & West.
9% 9%
Do
pref.
34% 34%
.
.
'
Norfolk
ife
Western
Do
pref
Northern Pacific
Do
11%
96%
•11
12
*96
97
108=8 108=8, 108=8 108=8
pref
Ohio & Mississippi
Oregon Short Line
Oregon & Trans-Continental..
Peoria Decatur tV Evansville.
28%
70% 70% 70%
43=8 46%! 46%
•17% 17=8! 17%
8% 8%l •8%
52%
29% 30%
66% 67%
53 14
30%!
68%!
29
66%
22% 22%
46% 49
35% 37
35
38
I
I
•93
95
95
95
6%!
6
6
117% 117%' 11614 116%
*19
1938'
19% 19%
61%' 61% 62
61
105% 106
105% 106%
'94
•94
95
95
•6
69% 70%
42
99
•90
92
116
46
70% 71%
42
46
100% 100% 100%
91
•90
91
92
92
93
116% 116%116%
3%
5% 4
12
*io'"
10
12
10% 10%
73% 77
74
75
11% 11% 11% 11%
•96
98% 96% 98
108% 108% 108% 108%
17%
16% 17% 17
•70
71
71% 69
•37
•36% 38
39
28% 28% 23% 28=8
70% 70% 70% 70%
46% 46% 46% 48
17% 17% 17% 18
10% 10%
8%
34%
15% 15%
16
16
53
53
5338
53%
29%
67%
22%
48%
30%
68%
22%
48%
29% 30
67% 68
22
22%
36
37
47
47
35% 36
25%
45% 46%
•24% 25% •24
25
25
•17% 18
I
9
•33% 34%' •34
15=8!
46% 47%
37%
28%
70%
47%
17%
28% 28%
•15% 16%i
•24% 25%
71%'
71%! •70
38
37
37
I
16% 16%i
16% 17
•70
13=8
52%] •52=8
I
73% 74%
7414
96
I
'
.
iniscpllaiieous Stocks,
Chicago Gas Trust
Colorado Coal & Iron
Consolidated Gas Co.;
Do
'
'
'
58% 59%
59
57=8
•25
I
•90
95
Adams
•140
•117% 122% 118
15ifl
Jan.
2
8% Jan. 14
June 6
5634 Feb. 14
106% June 6
36% Jan. 16
22% June 3
64 Mar. 7
35% June 3
57
Mar.
Mar.
111% Jan. 15
45%
Feb. 11
100% May 28
75% June 6
1,566 97 Feb.
117
May 24
54,800 102% Mar.
114 June 7
80 133 Mar.
143% June 7
28,962 89% Mar.
101% May 27
100 14 Jan.
19% Feb. 6
900 33 Jan.
42% Feb. 6
1,300 30% Mar.
37 May 23
440 89 Feb. 13 100% May 27
5,859 OlSgJan. 9 110% Fob. 26
4,300 55% .Tan.
7434 Feb. 14
4,663 1414 June
28% Feb. 7
46,8101 134% Apr.
144=8 Jan. 2
219 13% Mar.
18 June 7
18
18
42% Jan.
48% June 5
48% 48% 1,569
25=8 May 28
25
25% 6,233 13 Jan.
June 1
11
10% 10% 6,820 8 '4 Jan.
960 63 Jan.
76% June 1
75% 73%
25 May 29
24% 24% 3,160 20 Apr.
400 86 Jan.
97 Mar. 4
171
4% Jan.
7% Feb. 8
6% 6%
482
Feb.
106
117%
June 5
116% 116%
20 May 28
19% 19% 3,790 16 Jan.
7,820
Jan.
62
May 28
51%
61% 61%
10634 June 7
103% 106% 29,180 99% JIar.
60
Jan.
Mar. 4
90%
96%
•94
95
36% Jan.
71% J;ine 8
70% 71% 22,006
100
Jan.
Mar.
37%
49%
8
44% 44%
1,850 90 Jan.
109% Mar. 4
100% 100%
1,600
Mar.
92
May
29
84%
90% 91=8
800 51%.Ian.
95 May 27
•91% 93
550 91% Jan.
117% May 28
116 116
913
4% June
7 Fob. 7
4% 4%
100 11 May
14% Jfar. 5
•10% 12
14 Jan. 14
10% 10% 2,554 10% June
64% Mar.
77 June 6
75% 76% 51,790
280
Jan.
8
12 Feb. 12
11=8 12
1,800
Jan.
98 June 6
81%
97
97
1,662 106% .Mar.
110% Feb. 2
108=8 108%
1,373
19=8 Feb. 4
16% May
17% 17%
67% Jan.
77 Feb. 4
70% 71
200 36 May
44% Feb. 2
37 38
30% Feb. 18
26% Jan.
27% 28% 12,093
71% Apr. 26
69% 69% 1,450 61 Jan.
48% Feb. 18
47% 48% 57,965 41% Apr.
19% Feb. 7
17% 18% 7,940 14% Jan.
335
7% Apr.
9% Feb. 12
8% 8%
410 30% .Mar.
33 Feb. 8
33% 33=8
405 14% Mar.
18 Feb. 1
16
16
1,170 47% Mar.
53% May 2
•33
54
30% June 1
29
29% 42,697 25 Jan.
110,942
68% June 3
38% Mar.
66% 68
24 Feb. 11
22% 23% 4,900 1934 Mar.
38 Mar. 6
47
48% 3,210 39 Apr.
164% May 17
34% 35% 10,637 30% Jan.
500 22 Jan. 24| 28% Feb. 13
23
25%
45% 46% 58,050 42% Mar. 29! 50 Jan. 15
25% 26% 11,440 22=8 Jan. 26! 2734 Feb. 13
76 Jan. 20 8131 June 7
84% 84% 2,363
260 93 Jan. 3 103% June 4
103 103
6,900
19 Apr. 1| 29% June 1
28% 29%
60% 61% 3,480 53 Mar. 191 66% Jan. 2
223
Mar. 18 114% Jan. 12
104
112=8112%
•34
29% Apr. 11 40% Jan. 14
37
lOl 95% Jan. 18
May
82
•84
88
102% 102% 1,100 92 Apr. 17 105 Feb. 1
10,210
.Mar.
23 Jan. 14
17%
2'J%
22
67% .Mar. 4
63% 64% 89,668 5834 Mar.
1,700
Jan.
10% May 23
12%
16% 16%
30 May 27
29% 29% 3,780 24 Jan.
June 7
4,520
Jan.
71%
59%
69% 71%
103
29
61%
112%
37
88
103%
22%
63%
16
29%
70%
]
[
!
!
'90
93
152
91
94
145
145
150
92
143
150
118
94
143
149
120
93
•141
95
l,546i
I
98%
26% 27
59% 60
82% 83%
80%
Pipe Line Certificates ^
• These are the prices bid and asked
i
no
sale
was
155
27
99%
26%
58%
82%
102%
27%
60%
ro-»de at the
1
83ifli
1
Cash
sale.
J
29
59
31
60%
32% 83%
Ex-rights.
310,231
72,012
/.ft-^f.ono
J
Feb.
4
6
5
Jan. 19|145
Juno
Jan. 5; 89
Jan. 11 101
Jan. 4 32
June 3
1
107% 105% 107% 64,330 81%
30%
60%
83
Board.
2 153
May 28
Juno 7
Jan. 16
Jan. 30
Mar. 6
Feb. 7
Feb. 11
June 6
10120% June
4I 95% June
Apr. 10 16
87 Feb. 2 97
2.56
241 % Jan.
47
30 Jan.
534 Jan.
39%
33 Jan.
20%
14% Jan.
44 Apr.
50%
32%
21% Apr.
29%
21
Jan.
34%
24% Jan.
42%
31 Jan.
105
93 Jan.
1
6%
09%
26% 27
58% ,39%
81=8 83%
99
73% Jan.
160134
.
(Unl Isted.)
98=8
Feb. 11
35 144% Jan.
50 109 Jan.
149
120
95
145
89
89
89
88% 88% 89
Clevelaud &
160% 160% 160% 160%
Ktngslon & Pembroke
31 32
31% 3i% 31% 32
Marquette Hough. & Onton.. •14
14 16 14 16
16
Do
do
95% 96%
pref.. •95% 96%
96
96
New York New Hav. & Hart. •250 255 250 260 •253 253
Pittsburg i! Western, pref
43 44
44
44% 44% 44
Quicksilver Mining Co
7%
7%
7%
Do
•38
•38
•38%
pref...
40
40
40
„.
Rich. & Allegh'ny, Drcxel rec
20% 20% 20%
20% 20% 20
St. Louis Alton & Terre Haute.
44
44
Southern Pacific Co
31% 31% 30% 31% 30% 30%
Tol. Ann Arbor & N. M
27% 2H% 28
29
28
28
Cameron Iron & Coal
•32% 32% 32% 32% •31% 32%
Tennessee Coal & Iron
37% 37'4 37% 37% •37% 38
Do
pref... 100
100 100
100 100
100
7%
June 7
21
80% Jan.
Cable Co ...
Pittsburg, guar.
6%
34
Jan. 16 02
Apr. 17 36%
21 92%
130 Mar. 18 143%
42% .\pr. 5 72%
75 Apr. lo; 107%
85 Apr. 23 102
34% .Tune 3 40
tl71 Mar. 19 20534
83 Jan. 2 88%
58% 59%
Inucllvc Storks.
TarlouB Stocks, Ac.
33
I
Sugar Refineries Co
National Lead Tru.st
American Cotton Oil Trust
58
56% Fob.
29% Feb.
89% Mar.
400 40% Mar.
720 94% Jan.
.43,575 60% Mar.
96% 99
98% 99
33% 36%: 35% 36%
190 190
190 190
190 190
87% 88% 87% 88
87% 87%
American
United States
Wells, Fargo 4 Co
&
Apr.
4,474
4,245
65,235
•
93% 94%
36% 36%!
Pullman Palace Car Co
Western Union Telegraph
Express Stocks.
Tel.
Highest.
6% May
47% Mar.
50% Jan.
92% Mar.
•25
27
26
26
26
•88% 89% •88% 90
88% 88%
140 140% 139% 141% 140% 141
•53% 55
•53
54
54
55%
•90
Navigation Co.
Pacific Mail
American
39%
1
I
pref.
&
1889.
i
Delaware & Hudson Canal. ..
Oregon Improvement Co
Oregon R'y
9
34% 34%
16%
53%. 53%
29% 30
67% 68%
22% 22=8
46% 46%
35% 36
24% 24%
46% 46=8
25% 26%
84% 84%
15%
45% 46% 45=8 46%
26%! 25% 25%' 25% 26
26
25=8 26
82% 83
82% 84
84
84%
83% 84
Rome Watertown & Ogdensb'g
>102
103
103
102 103%
"29% "29%' 29
8t. Louis & San Francisco
29%! 28=8 28% 28% 29
28%
Do
pref.
61
60
60% 60
60% 60
60% 60=8 61
Do
1st pref. •112
'110% 112% 111 111
110% 112% 112%
113
StPanl &Duluth
•34
•33
•34
34 37 •34
37
36
37
Do
pref
•85
•84
•83
•84
•84
88
88
88
88
St. Paul Minnap. & Manitoba. 102% 103% 101=8 101%' 100
103
102
102% 103
Texas it Pacific
21% 21% 21% 21=8 21% 21% 21% 21=8 21%
Union Pacific
62% 63% 62% 63% 62% 63% 62% 63% 63%
Wabash St. Louis & Pacific.
15=8
15% 15% •15
15%
13% 16
16
16
Do
pref.
29
28% 28% 28% 28%| 28% 29
28% 29
Wheeling & Lake Erie, pref..
69
68%
67% 68% 68% 68% 70
70% 70
46% 47%!
Phila. A- Head. Vot. Trust, Cert.
Riohmond&West P't Terminal
Do
pref.
73,371
46%
1
48% 48%l '48% 49
23
25%
24% 25
11
11
10% 10%
75
75% 75%! 75
23
25
24% 25
I
Missouri Pacific
1,
1
j
|
•33% 36
I
I
.
Lowest.
Shares.
7.
21% 21%
61% 61
61% 60% 61%
34% 34
34% 34% 34
34%!
102% 10438 103% 104% 103% 104%:
•42% 43% 43% 43% 42% 42%'
•98% 99%j 99% 99% 99% 99%!
73% 75
74% 731.. 73
74%
115% 115% 113% 116
115% 115%
11238 113% 112% 113% 113 114
143 143 • 142% 144% 143% 143%'
98% 100
99% 100% 99
99%
•16
17% '13% 17% 16
16
3938 3933
39% 39% 39% 39%
•36
36% •36
35% 36
36%!
•99 100
•99% 100% 99% 99%'
108% 108%! lr8% 109% 109% 109%;
73%i
71
72
72% 73% 73
16
16
13% 16% 14% 15
143%143%! 143=8 144% 143=8 144=8
21=8'
1889.
Range Since Jan.
8%' 6,140
600
57
55%' 7,733
18,535
106%:
•35% 36
21%' £8,519
21
8
56
56
I
. .
June
6.
46% 47
45%
7% 8%
7%
56%
56% 57
54% 54% 54% 55% 54% 55% 54%
103 103
104 10338 103% 106% 105%
•713
56
"55 >s 5513
54% 55
101 14 IOII4 lOOia 10358
-35% 36I4 *35i2 36 14 *35i4 36I4
22
21% 223a 2II4 21 %l
21
62-%
62
61=8 61=8
Do
do 1st pref..
613i 62 14
34T8 35 la *34
34I2
3314:
34
Do
do 2d pref...
Chicago Barllncton & Quincy. IO214 10212 100% 102% 102 103%!
43I4
43
*42ia
*42ia
4314
Chicago « Eastern Illinois
14 •421a
9914^
99
pref... *98% 9914
Do
991s 991s:
73 12 74
72»8 74
7314 73%l
Chicago Milwaukee cS: St. Paul.
116
11513 1151a' 114% 115%
pref. '115
Do
lllia 11238 11138 11238 11238 113
Chicago & Northwestern
'142
pref. 143
143
144
142 144isi
Do
9314 98'8
9894 9938
9838 99
Chicago Eoch Island & Pacific.
*16
18
Chicago St. Louis & Plttabilrg. *16
171a '16
171s
38I3 3913!
40 41
*40is 41
Do
I"'ef
33% 35% 34% 3519! 35% 35%
Chicago St. Paul Min & (3m.
*98
100
Do
Pi'cf.' •99
991a' 99% 99%!
Cincin. Ind. St. Louis & Cliio.
109
1081s 108 '8 109 109
6978 7014 *69is 71
Cleveland Col.Cln.&Indianap.i ''id" 71
15'8 1614
Columbus Hocking Val. ATolJ
15% 16
Delaware Lackawanna cVWest 143 14 143=8 142% 143S8 143% 143%;
Denver ik Rio G., assessm'tpd.i '17
17% 1738
17>2i
47 14 47141 48
pref.i
Do
48
4814
48
2538 251s, 24% 25
Denv. Tex. & Ft. W., Vot. cert.
24% 25
East Tennessee Va. & Ga
lO's 11
lO's 10%
10% 11
76I4 76I4' 7514 75I2 •75% 76
1st pref.
Do
Do
2d pref.i 25
25
25
25
24% 25
*92
*93
Evansville & Terre Haute
93
95
94% 94%
•6
*6»8
Green Bay Winona & St. Paul
7
7
6»8
6%
•111
II7I2 11618 II6I4 116 117
Illinois Central
Lake Erie & Western
19% 1938 1918 1912 •19
19381
61 14 61361 61% eiia
6II4 6II4I
pref
Do
Lake Shore & Mich Southern 105=8 105% IO514 103% 103% 105%
•94
'94
Long Island
9414
94%
95
93H!
Lou]8\ille & Nashville
70
70% 69
69% 69% 69%
*43
•43
I/)uis. New Alb. & Ctiicago ...! •44
47
48
46
Manhattan Elevated, consoL.i 101 102
100 100
98% 1(10
Mlchicau Central
90%
90% 90% 90%
911s
Milwaukee Lake Sh. & West.. *92
•91
93
92
92
93
•II4I2II7
Do
pref. '115»2 117
116 117
Minneapolis & St. Louis
514
*4% 5I4
4% 5%
5M,
*10
Do
prof.
13
11
Missouri Kansas & Texas
11
11
10% 11
10%
Mobile
June
5.
1,
Week,
Friday,
45% 46%
45%
4533
7'8'
Central of Sew Jersey
Central Pacific
Chesapcakf) &0.— Vot.Tr.cert.
.
Bales
of the
Wednesday,' Thursday,
Tuesday,
XLVin.
Feb. 20
Jiin.3
1
3
June 6
May 20
May
18
Jan. 24
May 8
Feb. 12
Apr. 9
June
1
Feb.
6
June 7
May 7
Apr. 22
Mar. 8
Feb. 19
107% June 6
19% .Mar. 26 31 .Time 7
48% Jan. 16 61% May 29
80 Apr. 23 93 M Feb. 26
Prices from both Exchanges.
THi: CIIHONICLE.
JtrNK
8,
'"'O,
BONDS
-
LATEST yKICES OF ACTiTE BOVPS AT
CIntintr.
Railroad Bonds.
\
Smnr
[JiuyvlJuiM?
19%
D. Inc., «a, 1010, 1B<4
I.oititl.
N. f.
JaM.\.
fSintt
On, leil
NMh. Ch. ft St. I..-l«t, 7», ini:i
Coniwil. !m, I1I3M
N. Y. Central— Kxtpnil., fit, i'm.\
N. Y. c.A ll.-l«t,r|i.,7., 19«;i 1."
Debenture, a«, ltH>4
114
..
N. Y. ic llarlem-lsl, 7«. imN) 129
1
\
I
l(l.l>-j
i
.
Debenture
.'is,
U)5^
Denver Division,
Chip.
AK.
Consul,
1922
4«,
Nebraska E.ttenslon
92ia
04
94
119
III.— Ist.s. (.,6s,1907f
(is,
103 14
131
lOb^b. 102^ May
96'«8
i
43, 1927.1
1934
b.
1211tib.
'
..,^
Canton- l8t,
&I.— Consol.
I
Metro. Elevated— 1st,
2d,
(is,
6.3,
Con.30l.. 3s,
107
7.3,
1902. 130
b.
b.
,
!
,
1
I
1
I
(
I
i
I
101 Is Jan.
,
.
I
,
1
|
1
|
1
|
and "a"
fS
;
1
lalio3l»3 prios bid,
,
1
|
KoTL.—The letter ;'b"
SO
A8t. I,.— Isf, 4ii, 1937."' 78'»b. 70
71iaJan.
79%Jaa«
129'sJune OroKon Imp. Co.— 1st, An, 1010 100
102>4
102 Feb.
llo'4Fcb. Ore.R. ANbv.Co.— I»t,6<».1909ll3i»b. llSif 110 Jan. loo^rakk
ll3>*Jm*
ll.-)isMay
Consol., 5a, 1923
103^ 103isb. 102 Jan lOftHMar
1081s June Oregon A Traiuoon'l—Oa, 1022 103'n 105%
lomJan' 107 >« Apr.
106 May Penn. Co.—4>s8, coupon, 1921
HI b.111 h.Km'r^jm Ill Mar
1061s May Peo. Deo. A Evans.— lgt,6<s 1020 108isb.
104iarob. 110 Mar
147 .Tan.
Evansv. DIv.— 1st, 6s, 1920...;10U'«b. 106 b. 102% Jan loe>« Feb.
133 May
2d mort., .5s, 1927
73 b. 73 b. ee j,n
7Aii Meh.
123 Apr. Phlla. &Kea<l.—Gen. 4s, 1958..' 03»b
03^i
88% Jan. 04 Jan.
112 Juno
Ist pref. Income 5s, 1938
""
82
82 »
80>«Meh. 04>sJan.
113i4.May
2d pref. income 5s, 1958
67^9
«7 b.' 661s Mar
82% Jan.
109 Apr.
3d pref. Income 5s, 1058
53 lab. 53 >• Mar
53'^
S2>4JaB.
104 14 Feb. PitUb. A West.— Ist, K.,4s, 1917 87
87>e
7ei«Jan.
87»iMar
98 41 May Rich. A All.— Ist, 7s, Drcxel cert. 66%
66%
58 Jan.
60% Mar
137 May
2dmort., 0.s, 1916, Droxelocrt. 33
83%
26 Jan.
34 Jnna
107% May Rich. A Danv.—Con., 6.s, 1915 ..
114 Jan. 110% Mar
124 '2 May
Consol. ..
03>sb.
Kold,
38, 1 936
94-..,-_
86
ge Jan.
04% Mar
too Feb. Rlch.AW.P.Tcr.—Trust 6«, 1897 103 tt-UYlH
96 Feb. 103 Mar
99 June Rooh. A Pittsb.—Con. 6.3, 1922.. 11718 114 b. 113 j,n. lI7>9Mar
- ..„
133 Apr. RomeWat. AOgd.— l8t,7s,1891 lOO'sb. 10«isb. 106'3 June 109>iMar
120 May
ConsoL.cxtended, ,38, 1922... 112'sa. 111% 108% Apr. 112 Mar
103 Jan. St. Jos. A Or. Isl.— l8t, 6s, 1925. I05%b. 105%b. 104 Jan. lOO"* Aor
87% Feb {8t.L. Alt. AT. II.— Ist, 73, 1894 113 b. 114 b. 11213 Jan. 11419 Apr.
87 Feb.
lloisb. 112
2d, mort., pref., 7», 1894
105% Feb. 112 Jue
122 14 Apr.
2d, mort, income, 7h, 1894... 10413b. 103 b. io4iaJan. 108 Agr.
82i3Mav 8t. L. Ark. A Tex.— Ist, 63, 1936 81 b. 83
79 Mar 99
102 Mcfi.
2d, 68, 1036
27'3b. 20 b. 25
jj.y
38 Fah.
93% June St. L. A Iron.Mt.-l»t,7», 1802. 10818 109
106 14 Feb. 110 Jaa.
94 Is May
2d mort.. 78. 1807
107 b. 107'« 105 j^a. 109 Mek.
10813 Feb.
Cairo A Fulton— Ist, 7s, 1891. 10-1 la 10418
102 Jan. 104>* Mar
40 Feb.
CairoArk. A Tex.- lst,78,1897 106 b. 103 b. 103 June 107 Apr.
~104 Feb.
Gen. K'y A land gr., 58, 1931
86 b. 86 a. gi Jan.
00 Feb.
108 13 May 8t. L. A San Fr.— 68, CI. A, 1906 118 b. 117 b. ne Jan. 121
'118 b. 118
106 Feb.
6s, Class B, 1906
115% Jan. 121
14178 Feb.
'118 b. 117 b. 1131^ Jan. 121
68, Class C, 1906
114 May
General mort., 68, 1931
121 b. 121 b.ii5%jan. 121
123 Feb.
10614b. 106%b. lolki Jan. W7
General mor(., .3.s, 1931
Apr.
107i3May S.P.M.AM.-Dak.Ext.,6«,1010llO b
IIH Jan. 122 Apr.
101 May
1st oonsoL, 6s, 1933
120%b. 12013b. il5>sJan. 120ii May
95% Mch.
Do
reduced to 4138... >102>sb. 103 0. 08i4Jan. 103 Mar
23 Feb.
Collateral trust, .38, 1898
eo%b. 00%b. 0614 Feb. 100 Jinia
89'9b. 83«tJan.
116 Feb.
Montana Ext. Ist. 4s, 1937 ...I e2>4
BS'* Mar
95 b. 87>«Apr. 96 Mar
87's Jan. Shen.Val.— lst,7s, 1909,Tr. reo. 06
38%b. 31 Jan.
General 6s, 1921, Trust reo. ..I 39
124 Feb.
40 Mar
109>sJan. SouthCarolina— l8t,6s, 1920... 93>8b. 95 b. eo Jan.
96 Fak.
74'sJau.
2d,e8,1931
53>9a. M^».' 47 Jan.
aOHVab.
6 b.
SS'sJune
Income, 6.3, 1931
6 b.
519 Jan.
10 Fek.
111 Juno So. Pao., Ariz.— 1st, 6s, 1900-10. 106>ib. lOO'sb. 10313 Jan. 107>t JoM
113 May So. Pac.,Cal.— 1st, 69, 190.V12..
114 Jan. 116 M«k.
130 May So. Pao., N..M.-l8t, 63,1911... 107 b. 107 b. loSisJan. 108«4 Ft*.
130i4May Tenn.C.LARy.—Ten.b.,lgt,6s 04 %a. 04's
80 Jan. 100 Meh.
11718 .May
BIrra. Div., Ist, 6s, 1917
96 b. 97>s
80 Jan.
09 Mak.
OOU
10214 May Tex. A Pac— 1st, gold, 5s, 20001 03%
8SH Meb. 04 Mar
121i3Mch.
38%
38%
2d, gold, income, 3s, 2000
34 Meb. 40 Apr.
11814 -May Tol. A. A. A N. M.— 1st, Os, 1924 104 b. 104
00 Mch. 108 Feb.
llSUMay Tol.A. A.AGr. Tr.— lst,6s, 1921 109%b. 110 b. 103 Jan. 110 June
103 'sb. 101 Jan. 103% Jane
11313 May Tol. A Ohio Ccnt.—lst, .3s, 1935 tod's
dO Mar
106 Apr. ToLPeo.AWest. lst,4s, 1917.. 78%b. 78'sb.i 74 Apr.
102%
105 '2 Apr. Tol.8t.L.AKan.C.-l8t,6.3,1916105
92'sJatt. 109 Mar
104 '3 Apr. UnionPaoiflc— Ist, 6s, 1899.. ..119 b. 11914b. 115 Jan. 110 Mar
Sinking fund, 8s, 1803
117%b. 117% lloVtMoh. 120>8Jaa.
12 lis May
Kansas Paclfio—Ut, 6s, 1805 Illi4b. lll^b. no's Apr. IllitJan.
103% June
10814 May
Ist, 68, 1896
112'sb. loOHib. lOflisJan. 1 12>s Mar
114 b. iriigMay llS>«F«bk
DenverDiv.—68, 1899
118 June
113 b. 112 Jan. 117 Apr.
nils May
1st oonsol.. 6s, 1919
115
Orog.SbortLinc—lst,6s, 1922 11418 n't b.111 Feb. 114% JoM
13313 Mch.
00 Apr.
114 May Virginia Mid.— Gen. m., 3s, 1936 88 a. 89 a. 78% Jan.
123% May Wab.St. L. AP.-Geu.,(is,Tr.rec. 46>sb. 46 b. 37 Apr. 45 Mqr
ChioagoDlv.— 38, 1910, Tr.reo. 10219 102% |88>sJaB. 102% Mar
104 -May
86 Jan. loo's Job*
Apr.
Wabnsh-M., 7s, 1909, Tr. reo. 97'sb. lOO-s
111
TtoLAW.— lst,ext.,78,Tr.roo. 102% lOS^b. 8«>9Jaa. 103%Jaaa
IO912 Mch.
10a««B. 93>9 F*b. 102% Mar
l8t,8t.L.I>lv.,7s,1889.Tr.reo. 102'9
92 Feb.
87 Jan. IlKS>9JniM
2d.ext«nd.,7g, lH93.Tr.r««. 99>9b. 102>s
62 Jan.
loo's
85 Feb. l00>sJnaa
57i4Jan.
Con.,conv., 78, 1907,Tr.roo. 97
lO'i'sb. 89
Jan. 102% JUM
94i4May
Ot Wc.3t.-lst,78, 1888,Tr.rea
86 Meh. 102% JoM
II5I3 Apr.
102's
2d, 7s, 1893, Trust reoelpto. 100
103% 100% ,loa%Jaa. loe%Jaa«
121 13 Apr. We8t8hore-Ouar.,4s
!B3>«JaD. 101 Apr.
102 May West N. Y. A Pa.-lst, 5, 1037. 00% 100
36%b.; 36% Mar
»b*«^
38
IO313 .Vpr.
2d mort., 3g., .3»c., 1927
105^9
lOS"*
9%\ Jan. 106 J«M
tr.,
1938
May
West.
Un.
TeK-Col.
5s,
1161s
Apr. llOi^Flsfc.
1st. 5s, 1026 104 b. 104 b.il03
54 June Wheel. * Lake
I
i
1
112
_
126 Jnn«
112 Mar
52 14 Mar
I
Jan.
Mll.LakeSh. A W.— l9t,(!s, 1921 123 b.
Couv. debenture, .33, 1907 ... I03%b. 103%b. 92i»Jan.
Milw. A North.- M. L.,(i9, 1910.'110isb. 10712b. loo's Jan.
Extension. l.st.Os, 1913
108'sb. 10313b 105 M Jan.
Minn. A- St. Louis- 1st, 73, 19271 92 b. 9213b. 90 Jan.
Mo. Kan. A Tex.— Con., 68, 1920 58's
60%
53 Ai>r.
56I4
Consol., OS, 1920
SOis Apr.
54
04'4
Con.sol., 7s, 1904-3-6
194
87's Mch.
112'3
b.lllOis
112
Jan.
Mo. Paeitic— Ist, con., 6s, 1920.
118 b.l
lie's Jan.
3d, 7s, 1906
97% Jan.
Pac. of .Mo.— Ist, ext., 43, 1938 101 isb. 102
105 b.'104 Jan.
2d nwrt., 78, 1891
Mobile A Ohio— New, 6s, 1927.. 116 b. 113'2b.]112% Feb.
41%Jan.
General mort., 48, 1938
53
o2'4
1
llHis Apr.
109 b. KKI Jan.
ftO'^h' 44 \ Jan.
I
I1O8
1902
74'»Mi
120%Jna*
1
102is Jan.
llll's Jan.
108 b. 106 Jan.
130 b. 13014 May
Jan.
'Ill
12213b. 118% Jan.
108
. .
I24isb. 120
U
no
»|ioJan
II.'J
Jan
;
1908.. '117%b., 118
1899
Mich. Ceut.-lst, con.,
b.
07 \ Jan
l(Ki%Jan'
72'sb.
120%
.
121^ Apr.
120',
I20'aMar
1
116
llAUMoh.
110 Mar
Jani
I
b.i98 Jan.
101
100 b.i 06 14 Jan.
1910 120 b. 120 b.!112i4 Jan.
102''8 ilOSis
93 Jan.
trust 5s, 1931
l-ouis. N. A. ACh.— Ist, 68,
Consol., gold, 6s, 1916
Mem. ,t Char.—63, gold, 1924.
lOS'ub.
110
b.
74'4
ua
>
102isb. 103
Ck)llat.
IWBb.
I
a.lOOisJan.
115
104
b.
lOK
KW
Omaha
Fkb.
I<>l>«JaM
.
128i3b.'l25i4 Jan.
113
I
113
j,„
117'4b. lU'i Apr
lini-jb. 120>nb. II714 J»n'
i20'M
119\ llSigJan'
!
129isb. 127
1903
Il24 Jan.
1931 1 13 b. 117 a.ll4i4Jan.
10214b.! 98 b. 92i3Jan.
1898 119 b.ill9isb.] 11713 Apr.
117'sb. 11413b. 116 Jan.
1919
1924
'.'!"'•
l.ixiiJnaa
Mar
KMSJaa.
11.^1,
llil'iib.
11 I'sb.
.
»|
121
'
con., 3.3,
General mort., 4s, 1938
Loiusv. A-N.%8hv.— d;on.,7s,
10-411. 68,
-
lOI",
MK
Mar
Mar
lr7
no
|
2(1, 7s,
50-vear 58, 1937
ii.'>«4JaM
•14
,
i
lll4%b.H2
M,,
!
'
II8I4
\'M
!
I
E. II. A N.— 1st, 6.3,
General, OS, 1930
Trust Bonds, 63, 1922
J.— ist.Us, 1910
. .
'
Consol. coup.,
HI
i
'
Long Island— 1st,
a.
i
I
Lakeshore.-Con.cp.,lst,7s.l900
b. l.il
'
,
m^
1
^\^l-
IM
Mar 107
j,n.
Jan.
•
5s, 1917.1
7s, 1914. .i
1
104
•/'«b. 1,13
Jan.
jaa.
I
96 b, 99
Oais-Tan.
132 b. 130 Jan.
120 b,,120
112 Jan.
98
69, 1900.. 98 b.
93!^ Apr.
Col. ILVirf. &T0I.— Con. 5.S, 1931 71 "e
72
70 May
General gold, 69, 1904
66
63 June
Denver & Rio Gr.— 1st, 7», 1900 119 b.
118"% May
1st consol. 4s, 1936
81%
82
73 Jan.
Denv. A- K. G. W.— 1st, 68, 1911.
841s Jan.
Assented
92
el's
73^1 Jan.
Denv. g. Pk.&Pao.— l8t,78,1905 91 b. OCsb. 81 Jan.
Det. B. C. & Alp.— l8t,«(.,6s, 1913 lOS a.
103 Jan.
Det.Mae.A-M.- Ld.gr.3'.2S,1911i 37'aa.; 35 b. 34 Jan
Dul. A Iron Range— Ist, 3.«, 1937 100>sb. 100%b.' oe'e Jan.
E. Tcnn. V. & O.— (3on., 3.^ 1936 107 b. 107
1102 Jan.
Ellz. Lex. ABig.Sau.—6s, 1902. 105 a. 104 is
99 Jan.
Erie— 1st, consol. gold, 7s, 1920 141
1141 b.ll37
Mch.
Long Dock, 78, 1893
110% Jan.
Con.sol. O.s, 1933
Ill b. 118 Apr.
N.Y.L.E.A-W.- 2dcon.68,1969 107'4 lOSisb., 98 Jan.
Ft. W. A- Dcnr. C— 1st, 6s, 1921 lOQi*
97%
00 Jan.
Gal.H.AHan Ant.— W.Div.l8t.,38 9213b.
92 1« May
Gr.B.W.ASt.P.— 2dinc.83, 1911 19'ab.' 18 b. 18 Jan.
Gulf Col. A San. Fe— 1st, 78,1909 Ill's !112% loo's Jan.
7313b. 75%
Gold, (is, 1923
70 Apr.
Han. A- St. Jos.- Con^ 6s, 1911.
121isb. I2014 Jan.
Int. A Gt. No.— Ist, 6s, gold, 1919 lOO'sb. 104 14
IOOI3 Apr.
(Coupon. 03. 1909....
62 b.| 63'sb.i 62 May
Kentucky (3ent.— Gold 4, 1987..' 84''s
St^a..' 71i3Jan.
Knoxv. AO.— Ist, 63, gold, 1923 109%b. Ill b. 101 Jan.
L. Erie AWest.-lst.g., 5s, 1937 112 b. 112788. 107
Jan.
A;
Mav
lOlisFel).
J 01
May
103 Feb.
1
General 6s, 1934
Col. Coal & Iron— 1.9t
.V.
Norfolk A West.—<»en., tls, 1931
North. Par.— 1st, coup, (Is, 1921
General, 2d, coup. 1933..
General, 3d, coup. (is. 1937
*»<' I'sr. Co.— 1st, (Vs, 1933.
J;'"Ohiolnd. AWest.-lst, .X 1938
f>li'"'<'Mlsa.-Consol..7s, 1898.
2d, consol., 7s, 1911
OhIoHouthern-lst, (In, 1021
2d, Income, (Is, 1921 ..
.
124i4Mch.
,Ian.
104
103
97 Jan.
KK)
100%
83 Feb.
Chic. A- ln(l.CoalR.,lst,5s, 193U 103 '4b. 103 14b. 90 Jan.
Chic. .Mil. * St. P.- Con. 7s, 1903 129 b. 129i4b.i 122's Jan,
l8t, .>*outh\ve.st Dlv.—Os, 1909.
115
1112 .Tan.
"
1st, So. Mln. Div.— (is, 1910... llS^sb. Uoiab.lllo
Jan.
Ist, Cli.it Pac.W.Dlv.—59,1921 lOS^
108>3 '103 Jan.
Wis. A; Minn. Div.- 58, 1921 .. 105»i!b. 106 b.l 90 Jan.
Terminal 5s, 1914
loo's
lOBUb.lOO Jan.
'
Chic. A- N. W.— Con.sol. Vs, 1913. 144J3b. 145i«b.ll43% Jan.
Gold. 7s, 1902
133 b. 130 b.il29>aJan.
."inkiUKfundOs, 1929
119 b. 119 Jan.
Sinkini; fund 3s, 1929
llO^ab. Ill KiloSiaJan.
Sinking fund rtebent. 5s, 1933 I13%b. 113V).'l09 Jan.
2.3-yeiir debenture 39, 1909... loo's
toe's jl05 Jan.
Exteutlon 4s, 1926
101%a
98 Jan.
Chic. I'eo. &St. L.-Gld.3s, 1928 98*2
98%
03 Mch.
Chic. H.I. &Pac.—6s,conp., 1917 137 b. 137'4b. 13l>4 Mch.
Exten.sion & col. 5s, 1934
107's 107's 104''>s.Ian.
"
Chic.8t. P.M.&O.— Con.<!<,1930 124'4
12113b. no's Jan,
Ch.St.I,.& Pitt.— l3t,con.5s,1932 97%b 99
96 Apr.
C. C. C.
May
'
f.l?.-'
b.
.
Mldiandof
>I,iy
.
;
N.).Sus.AW.-liitrcf.,.'iii,I937 I0I'4
93»8Apr.
Jan.
oon.sol. lst,.).s, 1937..
Chle.Uas.L.&C- l9t,)r,">s,1937
Clcve.
-
OlPa
I
General
1
Fell.
Jan
lOf)
B'ob.
91''s.Ian.
118
118
.
111^ May
1
.
1913
I"
.
98^ May
I
'
•y
//
M
IM
N. v. Cblo.A8t.r,.-lst, 411,1037 97
my,
9l\J.-,.
N.
r.'o b. 120l»
j,„
J Elevated-im, 7«, iOOH
N.^.Ijwk. A W.-l«l,6«, 1921. 137'sb. 138iii 13|i,J,n'
Constmrtion, .>, 1023
11314b. Iiaisb. ItlUFitb
N. Y. A Nortlin-l«t,.->«. IIKJ7.. l«8\b.
107 Ai>r'
N. Y.Ont. A W.-Iiit,««, 1014. 112>4
112%b. l|0i,Mi-h
lOHtiMMeli.
11 S^ J. UK)
1
:>*.
f..
.
1
I
7
«
Mutual Un. Tel.-B.
I
lOa"*
Land tfi-ant (is, 1890
llOi:UApr.
Moil«iiKo lis, l!>3ti
.1
llOSirt Apr.
Ches. A- Ohio.— Mort. Oa, 1911 .,118 b.ll8^b. liaVtJan.
98I4
Ist t'onsol. 5», 1939
.98
94 Feb.
Ches. O. \- So. W.-«.s, I'tll... [Hl%a. Ill''9a.!i07 Jan.
Clilo. Hurl. & No.— Ist, 5s, 1926
98 Jan.
Cliie. Hurl, ik Q.— Con. 7, 1903.. 133 b. 133>ab. 131
.Tan.
Otuhtf.
RAILBOAD BONM.
224a Feb.
78\
Guar.. 4s, 1937
7«>«
TBiaJuno 83 Feb.
lll>ai>.ll(NI>« Jan. liaia M»7
Can. Siiiitli.— 1st eriinr., 5», lt>08 112>a
2<I, .'^M, l',»13
SB's
^9\
ODi^.Ian. 100 M»]r
Ceiiliiil iif N. J.— 1st, 7s, 1890 .. l(H!%b. lOl'ah.Iioa
Ki^ti.
lOeisJan;
Coii»iil.7s, ISitU
12a>s 124 I).'120 .Ian. 12 1 >a June
Convert. 7.i. ]!K)'.>
127>«b. 12.1 Jan. 12K1.1 Apr.
Oi'iunilmort., 5s, 1987
113 b. IISU ilOO^'s.rBn. llSUMay
May
I.oh..v \V.B.,c<)n.7s, IHOii.ns'nt 120iab. llSiah. u.^ij Jan.
120>a .Miiy
112 b.'lOH Jan. 113 .Miiv
Am. Koc-k * Iniii., .''m. I'.rjl ... 112
Ccnfriil I'iiiltlc— UiiUl (is, 1^1118.. 117»9b. llS^b.lli;!"^ Feb. Uxia June
|
IMt!
I.
'
Apr
17
767
gTOCK KXCIIiNHit. A!«» BAMgl 1I»C« J^W.
Itiuhat.
i
& Pbc.-W.
All.
.
.
,
1
!
*
I
I
K—
prioo atkeii
:
all
other price] and tbe ranze are from aetoal aalea.
STATE BONDS.
8ECUBITIE8.
Alabama—Class
A, 4 to 5
Class B, ,38
Class C, 48
Bid.
1906,
12
10
RR
13
10
Chathani
90I3
1890 107
90%
RB
Special tax. Class 1
Con.solidated 4s
I
|
.1
•
68
I
1
1
6«sl
1910 07
1919 126
4^
4%
SouthCarolina—6i>, non-fund. 1888
1803, 109% 107
Brown eonsolMatod. 811
lMW-18081 66
Tenne«te 6a. old
10131 76
Uompromlae, S-4-5-6a
]
103
105
I
Rhode Island-««. 00a.. 1803- 1894 110%
.
.
10
Bid. iA<k.
BBCCBTTIXB.
Bid.
due 1889 or 1890 102's
Asylum or University, due 1892, 107
1894-1895' 111 '.
Funding
1892 110 i.
New York—6s, loan.....
1893 110 I.
69, loan
40
old
J.
A J. 35
Carolina—
«s,
North
19O0
10
l-undtng iwt
20
Newh.inrts, J. * J.. -.1802-1898
Missouri—Ob
1900 103
6s, \i\-'ZO
78, Litlle Rock A Fort Smith Iss.
78, -Memphis A- Little Rock Iss...
...'
78, Arkansas Central
Georgia—7s, gold
1890
Louisiana- 78, cons
1914
SECURITIES.
Ask.
101%
Arkans.a.s— 08, funded. .1899-1900
Stamped 4s
Michigan- 78
I
1906 107
1906, 112
I
100
130 "
I
New settlement—68.
8s
Sa
TIrginla-As, old.
68, onnsoltdated bOBda
6«, oonsolidatad, ad aarles
6s. deferred, trust raeelpta.
lOls; 107
110
1913, 103>sia(7
1913! 75%, 76%
48
I
I
60
......
S-i
45
;
1
THi
m_
'
...
1
THE CHRONICLE.
758
[Vol.
1
XLVin.
]
BONDS--STOCK EXCHANGE QUOTATION'S ON FRIDAY OF THE LESS ACTIVE KAILKOAD BONDS.
SECURITIES.
SECURITIES.
Ask.
Bid.
I
SECURITIES.
Ask.
.1900 123i2,125
E. Tenn. Va. <fe Ga.— 1st, 7s..
1930*112
Divisional .58
1937 102
istext., gold, 5s
Railroad Bonds.
(Stock Exrhaiioe Prices.)
Atch. Top. & San. Fe-^i2S...1920
Sinking fund, (js
1911
88
91
Equip. & Iniprovein't, g., 5s. 1938
Mobile & Birm.— 1st, g., 58.. 1937:
98I4 9812
Alabama Central— Ist 68.. .1918 *116
Erie— 1st, extended, 7s
1897 118
119
HOI4 110% 2d, extended, 58
1919 118
1923 112
3d, extended, 412s:
110%
92
4th, extended, 5s
1920
91
IOOI2
1928 101
5th, extended, 48
1920 139
iio" no's l8t, cone., fd. coup., 78
S.Fe&Cal.— 1st g., 58. 1937
Atlantic & Danv.— Ist g., 6s..l917|
Chic.
&
Oliio— l8t, 6s, Park B.1919'
19251
58, gold
Cons, mort., gold, 58
1988^
Beech Creek— 1st, gold, 4s
19361
Best. H. Tun. & W.— Deb. 58.1913!
Brooklyn Elev.—l8t, g., 68... 19241
Bait.
Bid
90
1915
2d, 3-5s
Tlnion El., 1st, guar., 68
1937 105J4
Bninswick & West.— l8t,g.,4s.l938
Buff. Eocli. & Pitts.— Gen., 58.1937 '9912
Roch. & Pitts.— 1st, 68
1921 120
Burl. Ced. Rap. & No.— Ist, 58.1906 101
87
Consol. & collat. trust, Ss... 1934
Jlinn. & St. L.— 1st, 78, gu. .19271
105%
ioo'ifl
. .
93
Northern Pacific- (Continued)—
1
North. Pac. & Mon.— 1st, 68.19381 10658107
CoBur d'Alenc— 1st, 6s, gold. 1916 100
'
,
Cent. Washington— lst,g.,68.193S, 106
Norf.it W.—New Riv., 1st, 68.1932 115
96
Imp. & Ext, 6s
Adjustment M., 7s
Equipment, 5s
!
|
& West.— Ist, ?8. .1909
Rap. I. F. & N., Ist, 68.1920l
Iowa
C.
Evan.
T.
H.— let,
Mt. Vernon
100
93
. .
&
118
140
92
Pennsylvania RR.—
Pitts. C. & St.L.— 1st,
'
C—
120
cons., 6s. 1921
— 1st 6s
11612
1934! 110
1924 I1214
1908, 9310
cp., 78. 1000
Pitts. Ft W. &
1912
let, 78.
1023
2d, 7s
1912
100
Evans. & Indian.— 1st, cone.. 1926 IIOI2
3d, 78
1912
Ced.
1106
Fllnt&P. Marq.— Mort., 6s. ..1920 122 123
Clev. & P.— Cons., 3. fd., 73.1900
1st 58
1921i
IIOI4
4th, sink, fund, 68
Central Ohio Reor.— ist, ii^s 1930 102 12 103'8 Gal. Har. & San Ant.— Ist, 68.1010 *
1892
StL. V. itT. H.— 1st, gu., 78.1897
2d mort., 78
1905 104 106
Cent. ER. & Bank.— Col.g.,58. 1937 10012 101 14
Grand Rap. & Ind.— Gen. 58.. 1924 90
95
2d, 78
Cent of N. ,1.— Conv. deb., 68.1908 11212
1898
Green B. W. & St. P.— 1st 68. .1911 *
2d, guar., 7s
Central Pacific- Gold bds.,6s.l895 116%
1898
84%|
Peoria & Pek. Uion— 1st, 63 ..1921
Housatonle— Cons, gold 5s
1937 106
1S96 116%
Gold bonds, 68
1921
Gold bonds, 6s
1897 116% ...... Hous.&Tex.C.— 1st, m. 1. 7s.Tr.rec.' I2412 12512' 2d mortg., 412S
West Div. 7a,Trustreceipts.l891 *I24i2 I2512 Pine Creek Railway— 6s
1932
Ban Joaquin Br.. 68
1900 116
Pitts. Cleve. & Tol.— 1st, 68.. .1922
1st Waco & Nor.— 78
Cal. <fe Oregon— Ser.B, 6s. ..1892
1901 106
ibiii Pitts. Junction— Ist 68
West. Pacific—Bonds, 68. .1899 il5%
2d m.Ss.M. 1. Trust receipts. 1913i
1922
7914 7812 Pitts. Mc K. & Y.— l8t6s
No. Railway (Cal.)— 1st, 68.1907
Gen. niort.6s,Trust receipts. 1925
1932
Pitts. Painsv. & F.— 1st, 5s. ..1916
Illinois Central— 1st, g., 4a. ..19511 109
Ches. & O.— Fur. SI. fund, 6s. 1898 i'lsifi
"95"'
94ie
II9I2
118=8
Pitts.
Y.
Ash.Ist,
gold,
3123
19511
<fc
1st,
58
1927
gold,
series
A
68,
1908
IOII2 Preac't & Ariz. Cent. Ist, 6s,g. 1916
7812 79
Gold 48
19521
Ches. O. & So. West.— 2d, 6s.. 1911
113
Coup.,68....1898!
115
2d
income,
Chicago & Alton— 1st, 78
Springf.
Div.68
1916
1893
;Elch. & Danv.— Debenture 68.1927
Sinking fund, 68
1921 116
1903 'I2312 I25I2I Middle Dlv.—Reg., 5s
Atl. & Char.- 1st, pref., 7s. .1897
Louis. & Mo. River— 1st, 7s.l900 121
C. St. L. &N. O.-Ten. 1., 78. 1897; II6I2
.Rome Watert. & Ogden.—
2d, 7s
1st, consol., 7s
1897; 117
1900 '121'2
Nor. & Mont— 1st g.,gu. 5s. 1916
St. L. Jacks. & Chic— l8t,78.1894 113
2d, 63
19071 118
RomeW.&Og.Term.— Istg.5s,l918
Gold, 58, coupon
1st, guar. (564), 7s
1894 113
1951i 118%
110
119
Dub.
Div.,
..1894;
St
J08. & Gr. Is.— 2dlnc
2d mort. (360), 78
& S. C. -2d
78.
1925
1898
81
Kan. C. it Omaha— Ist, 58. .1927
2d, guar. (188), 7s
Ced. Falls <t Minn.— 1st, 7s..l907i 74
1898 119
'120
Ind.Bloom.&W.—
1900
123
St
L.
Al. & T. U.— Div. bonds. 1.S94
Miss.H. Bridge— 1st, s. f., 6s.l912 lOQh
1st, pref.7e.
Bollev. it So. lU.— 1st, 88... 1896
Chic. BurJ. & Nor.— Deb. 68... 1896
ObioInd.&W.— 1st pf.,08.. 1038 100
43 12
Bellev. & Car.— Ist, 68
Chic. Burling. A Q.— 5s, s. f..l901 106
41
1923
Ohio Ind. & West.— 2d, 5s..l93S
Chi.St.L.itPad.— lst,gd.g.5s 1917
Iowa Div.— Sink, fund, 58. .1919 '112
I.B.&W.,con. inc. Trust receipts. * 10
96=8
104
iba"
St. Louis So.— 1st, gd. g 48.1931
Sinking fund, 48
98
Ind. D. & Spr.— let 73, ex. cp.l906
1919
90 12 921a' Ind. Dec. & West.-M. 5a
Plain, 4s
1947
St Louis <t Chic— 1st, con. 6s. 1927;
1921
Chic.Mil. <& St. P.— 1st, 8s,P.D.189S
I3112
50
St L. it L M.— Ark. Br., 1st, 78.1895
2dM.,inc 5s
1948
126" 121
StL.&S.Fran.— l8t,6s,P.C.&01919
2d, 7 3-lOs, P. D
Iowa Central— Ist gold, 58
1938 8SI2 89
1898
Equipment, 78
Ist, 78, $ g., R. D
1895
Kan. C.Wyan.& N.W.— Ist, 58.1938
1902 128
1st, tru.^t, gold, 5s
1987
1st, La Crosse Division, 78.1893 I16k II7I3 ;Lako Shore & Mich 80.—
Ist, I. & M., 78
Kan. City <fc S.— Ist, 6s, g.l916
Cleve. P. & A.— 7s
1892 110
1897 119 121
Ft 8. & V. B. Bg.— 1st 68.1910
let, I. & D., 78
Buff. & Er.— New bonds, 7e.l898 122 12
1899 118
St. L. K. & So. Wn.— 1st, 6s.l916
l8t, C. &M., 78
Kal. & W. Pigeon- 1st, 78... 1890 IO3I2 105
1903 128^2
Kansas Mid'd.— 1st, g. 4s. 1937
Ist, I. & D. Extension, 78... 1908 128
Det. M. &T.— Ist, 7s
1906 1.S4 137
1st, Southwest Div., 68
St Paul it Duluth— l3t,5s
1931
Lake Shore— Div. bonds, 78. 1899! 125
1909 115
1900' 12512
1st. LaC. it Dav., 5s
2d mortgage 5a
Consol., reg., 1st, 7s
1917
1919 1041-2
Ist, H. & D., 78
Consol., reg.. 2d, 7s
127
St Paul Minn cfc M.— Ist, 78. .1909
1903.
1910 128%
l8t, H. & D., 5s
Mahon'g Coal RR.— Ist, 58.1934 112
2d mort ,6s
1909
1910 106
Chicago & Pacific Div., 6s.. 1910 119 121
iboii,
Minneap. Union— 1st, 6s
Litcbf. Car.ct West.- 1st 6s. g.l916|
1922
Chic. & Mo. Riv. Div., 58... 1926 10516
Mont, Cen.— 1st, guar., 6s. .1937
Long Island— 1 st, 7s
1 898
Mineral Point Div. 5s
East Minn., Ist div. 1st 58.1908
N. Y. it R'way B.— 1st, g. 58. 1927 10212I
1910 105
C. & L. Sup. Div., 58
2dniortg.. ine
3712 San Ant. & Arans.— l8t,63,'85-1916
1927;
1921 105 14
I22I2
Fargo & South., 6s, Assn.. .1924
N. \. it M. Beach— 1st, 78. .1897: 110
1926
mifi 1st, 6s, 1886
Inc. conv. sink, fund, 59
Scioto Val.— 1st, cons., 7s
idi
N.
B.
1910
Y.
&
M.
B.—
let,
5b.
1935,
1916
g..
Coupons off
Dakota & Ot. South., 58
Brooklyn & Mont.— Isf, 6S..1911I
1916 IOOI2
Chicago & Northwestern—
Sodus Bay <fc So.— let, 5s, g...l924
1st, 5s
1911
Escnnaba A- L. 8.— 1st, 6s... 1901 •114
Texas Central— Ist, s. f., 78... 1909
Smithtown&Pt. Jeff.- lst,7s 1901
Des M. & Minn.— Ist, 78.... 1907 '128
Louis. & Nash.—Cceil.Iir., 78 .1907|
let mortgage, 78
1911
115
Iowa Midlaud— let, 88
Texas A New Orleans— Ist, 7s.l905
N. O. & M.— 1st, 6s
1930! 117
1900
Sabine
Division,
Peninsula— Ist, conv., 7s... 1898
1912
N.O. &M.-2d, 68
1st,
6s
1930, 106%
Chic. <& Milwaukee— 1st, 78.1898 123
Tex. <fc Pac, E. Div.— 1st, 68.1905
1241^
Pensaeola Divisi<m, 6s
19201 105
Win. & St. P.— 2d, 78
Tol.
A.
A.
it
131
Ix)uis
Cad.—
6s
1917
St.
Division,
let,
1921
117
68...
1907
Mil. & Mad.— 1st, 68
Tol. A. A. <t Mt PI.— 68
1919
2d, 38
1980| 63
1905 117
Ott. C. F. A St. P.— 1st, 58. .1909 '10934
Naehv. A Decatur— 1st, 78.. 19001 124 126
Union Pacific— Ist, 6s
1896
Northern 111.— 1st, 58
1st, 6s
S. &N. Ala.— S. f., 69
1910I
1897
1910 '108
Chicago Rock Island & PacificIst, 6s
Pens. & At,— Ist, 6s, gold. .1921 104
1898
Des Moines & Ft. D.— 1st, 48.1905 84
Collateral Trust, 6s
Nash. Flor. & S., 1st gu. 5s.,1937
1908
9812 98%i
1st, 2i2s
Collateral
jLou.
N.
Trust,
1907
O. & Tex.— 1st, 4s.... 1934
5s
1905
87
Extension, 4s
C. Br. U. P.— F. c, 7s..
82%
2dmort.,5s
1895
1905
1934 40
Keokuk & Des M.— 1st, 58..1923 106 107 iManitoba S. W. Col.— G., ,53.. .1934
Atch. Col. it Pac— 1st, 6s... 1905
Chic. & St. Louis— 1st, Oa
Mexican National— 1st, g., 68.1927 101
Atch. J. Co. & W.— Ist, 6s... 1905
1915
Chic. St. P. & Kan. City— 5s.. 1936
Utah Southern— Gen., 78... 1909
2d, Income, 6a, "A"
1917
6278 63%
Minn. & N. W.— Ist, g., 58. .1934
Exten., Ist, 78
1909
2d, income, 6s, "B"
1917 1812 21
Chic. St. Paul M. & O.—
Michigan Central— 68
U. P. Lin. & Col.— l8tg.,5s.l918
1909
Chic. St. P. & Minn.- 1st, 6s.l918 125
Utah it Northern— Gen., 5s. 1926
126
Coupon, 58
1931 115
No. Wisconsin— 1 .St, 6s
Valley R'y Co. of O.— Con. 6s. 1921
Jack. Lan. & Sag. —6s
1930
1891 'IO4I2
St. Paul & S.
Milw.L.S.ikW.—Ext. & Imp., 58. '29 103 12 103% Wab.StL. it Pac— Gen. M., 6s. 1920
1st, 6s
1919 i26'"
Chicago Division, 5s
Chic. <fe W. Ind.— 1st, s. f., 68.1919i '113
Michigan Division, 1st, 6s. .1924 116
1910
Detroit Div.— 6s, Trust reo. .1921
General mortgage, 6a
Ashland Divisian— 1st, 63 ..1925 II6I2
1932 '118
Cln. Ham. & D.— Con. s. f., 78.1905 120
Waba.sh, M., 78, 1879
1909
Incomes
106 106%
Toledo & Wab.— 1st ext., 73.1890
2d. gold, 412S
Minn.&St.L.— I'a Ex., 1st, 78. 1909
1937 98%
8212 85
99I2 100
Cin. I. St. L.& Chic— l8t,g.,48.1936
2d mortg., 7s
42 12
St. Louis Division, 7s
1889
1891
Consol., 68
Southwest E.xt.— 1st, 78
2d mort, ext, 7s
1893
1920
1910
Cln. Jack. & Mac— 1st, g., 5s. 1936
Pacific Ext.— 1st, 6s
Equipment bonds
1883
1921
Cln. Sand. & Cleve.— 1st, 7s.. 1890 102
Impr. & equipment, 6s
Consol. conv., 7s
1907
1922
52
Great Western— 1st, 7s
C0U.S0I. 1st, g., 5s
'Minn. & Pac— 1st mortg., 5s.l936{
1888
1928 105
Cl.Col. an. & Ind.— l8t, 7a,8.f.l899 122 12
>Iinn.8.8t<>.M.<k Atl.— 1st, 58.1926 * 91
2d, 78
1893
Consol. sink, fund, 78
Quin. & Tol.— Ist, 7s,Tnist rec.
^Missouri Paciflo—Trust.g., 58.1917
1914
Cleve. & Mah. V.— Gold, 5s. ..1938 110
jMobile & Ohio— let ext., 6s.. .1927 106
Han. it Naples— 1st, 78, Tr. rec.
Colorado Midland— 1st, g., 68.1936
latpref. debentures
111. c& So. la.— 1st, ex., 6a,Tr.rocColnmbia& Green.— Ist, 63. ..1916 106
BtL.K.C.&N.— K.E.*RR.7s.l895
St. L. & Cairo—is, guar
1931
7612
„2d, OS
StCharleaBr'ge- l8t,6s. .1908
Morgan's La. & T.— 1st, Os.... 1920
80
116
19261
Col. <fe Cin. Midland— Ist, 68.1914
921-,
No. Missouri — Ist, 7s
1896
1st, 7s
1918i 125
126
Del. Lack. & W.— Convert. 7s,1892 110
Warren <t Frank.— 1st, 7s. .1896
iNash. Chat. & St. L.— 2d, 68..1901 'II212
Mortgage 78
New Orle.ins & Gulf— 1st, 6s 192(>
West. Va. C. it Pitts.- 1st, 6s. 1911
1907 138
Byra. Bing. & N. Y.— 1st, 78.1906 136
N. O. &•. No. E.— Pr. 1., g., 68.. 1915]
MoiTis* Essex— l8t, 78
ITIfNeellaiieous BondN.
iN. J. Junction— Guar, let, 4s. 1986' 105
1914 I47I2
2d, 78
'N.Y.N. H. &H.— Ist, reg. 48.19031 IIOI4 1105s Am. Water W. Co.— Ist 6s. ... 1907
1891 1081a
Bonds, 7s
1900 124
N. Y. & Northern— 2d, 48
1927: 5714 57% Cahaba Coal Min.— 1st g. 7a.. 1907
78of 1871
N. Y". Susq. & West—Deb. 68.1897
Col. it Hock. Coal it I.— 6s, g.. 1917
1901 12914
Ist, con., guar., 78
2d,4i2S
1905
Equitable G. it F.— Ist 6s
1915, 143 150
1937|
81
Del. & Hud. Canal— 1.8t, 78. ..1891, 108ie:i08i2 N. Y. Tex. &Mex.— let, 4s...:1912:
Hackensack Water— 1st. 58. .1926
Ist, extension, 7s
'Northei-n Pac— Divld. scrip ext...i 105
1891 10912
Henderson Bridge — Ist g. 68.1931
Coupon, 78
I894I 116
II6I2
JamesEiver Val.— 1st, 68...1936 108
Iron Steamboat Co.— 6s
1901
Pa. Div., coup., 7s
1917 147i«
Spokane it Pal.— 1st, Os
1904
19361
Northwest Telegraph.— 7s
109
Albany & Susq.— Ist, gu.,78.1906
St. Paul & N. P.— (ien., 6s..l923| I2OI2
People's (Jas it Coke lstg.6s,1904
Ist, COUP., guar., 68
'.
1906 124isl...
Ilelena&RedM'n-lstg., 6s. 19371
C-o., Chicago
\2dg.6s,1904
Rena. & Bar.- 1st. coup., 7a.l921 150 1...
DuluthitMauiliiha- Ist,g.6sl9:t6i II214
Philailcliibia Co.— 1st s. f. 6a. 1898
Denv. &R. G.— Imp.,g.,5a...l928
8II2
Wciit. lukiu Ti-1.— Coup. 7s... 1900
Dul.&.Man.Dak.Div.— I.st6sl937 '111
81
BuLSo. 8h. & Atl.— Gold 58. 1937 98 "4 100
Ln. M. * Mo. B.— iBt. .'•,9....1937
WbiteUi'Bl Fuel— Gen. s. f. 6».1908
'
'
'
i
1
ClinchVal.D.—lst,equip. 58.1957
9513
95
Ogd. & Lake Ch.— I3t,con.6s.l920l
Ohio & Miss.- Cons., a. f., 7s..lS98 120=8 1205»
Springfield Div.— 1st 7s
1 905
95
General 5a
1932
Ohio River RR.— 1st, 5s
102
1936i 166
General mort, gold, 58
1937 86
,
Oregon i- California— 1st, 58.1927
Panama— Sink, fd., sub., 6e...l910
;115
Reorg., Ist lien, 6s
1908
1916! 143
B. N. Y. &E.— 1st, 7s
N.Y. L. E. &W.— Col. tr.,68.1922i
1969' 91
Funded coup., 5s
Income, 6s
19771
.1908
Buff, it S. W.— Mortg. 68.
Eureka Springs R'y— l8t,68.g.l033
91
Ask.
Bid.
.
118
1.5(*
.
147
139
127
107
!
!
ii's
11914 121
IO6I2
108
110
72
65
[
1
110
115
!
. .
j
1
1021st
"
96
i
105
110
I
I
38
49
9OI2
431?
I
115
108
100
1
10412
1
44
1161*
Hii
45
37
105
104
97
100
I
105
110
104 12 idsia
117
I
llS^s iie
88
90
88
"
'
70
80
48
48
..•••
j
1
1
.
i
'
'
I
105
103
110
104
100
..
1041a
II6I2
118
117
119
.....>
......
105
96
-
98
96
96
112
111
100 12
....••
......
105
C—
i
I27I4 128
120%
120%
10
98 14
I
.
.••
103
20
14
102
-,
1
20% -xi102 103
1
1021a
J
{
I
.
162^
.
.
105
::::::
II5I2
I
::::::
. .
.
•
110
112
97
1091a.
1
!
1121a
109 12
85
i
i
f
I
.
.
*
No
price Friday; these arc the latest quotations
102
.
:
made
this
week.
II6I2
1
J
i
M
"
*
.
Jtrra
8,
1, 1889,
is
as
Hank Statement for the week eadlnK June
follows.
We omit two ciphers (00) in all com*,
City
CapitaL 'suTpltu.
Loans
apM<«.
•
•
Bkiik of New York
Mantaattau Co
2,{((i0,(l
UorotiantM'
2,0(10,01
3,000,0
K«oh»nlc«'
,
Amoiioa
Phenlx
City
1,033,0
a, 000.0
816,1
1,704,8
3,000.0
l.K.SX,2
12,300,0
10,044,0
7,700,4
8.719,0
11,008.7
1.01 111.11
.M;ii.(i
.".(HO.O
H».\0
8.ll4-.'.0
2,11711,3
3,157,2
22,718,1
3,702.4
512,3
7,302,7
811,2
724,5
614,1
170,0
100,7
1,0011.(1
1,00(1.11
Trmdesinen'fi
'2.L'.'>'.t.
J
1(1.
Chemtoal
SOO.O
.'i.Xdl.M
Morobant)** Kxrh'nge
Oallatln National
Bntohera' a OroTeni'.
(i(l(l,()
\-n
<t
1,000,0
i.;i;i-i,i>
5,«1>1,4
aoo.o
200,0
287,8
20.4,0
200,0j
07,4
600,0
617,8
77,3
481, E>
2,128,1
2,700.0
1,418,2
3,330,1
1,420.6
Traders
Oreenwioh
Ijeather Maimfact'rs.
SereDih X.itlniml
State of New York...
300,0i
1,200,0
Amertoin GxchauKe..
Commerce....
15,000,01
."i.OOO.O
Broa<lw;iy
1,000,(V
1,000,0
Paclflo
422,7
1,500,0
4S0,0
200,0
700,0
740,B
325,7
864,7
683,8
244,1
471,8
1,000,0
1,175,7
500,0
600.0
600.0
282,7
887,3
Chatham
Peoples'
North America
Hanover.
,.
IrvlTK
ClUmn.V
NaflSiiii
Market
7S0,()
St.
600,0
500.0
<t Fnlton
Nicholas
Shoe «fe Leather
Corn Kxcliange
1,000,0
1,000,0
Continental
Oriental
Imiiortere'
Park
North
* Trailers
17,33»,.t
6,388,1
8,332,2
2,942,5
11,279,1
4,970,7
2,in3,7
(In,..,..
llP.i'MT
2:U.5
1,070,0
3,8
320,>-
4.964,(j
3,039.6
208,(1
497,1
2.:;jil,2
3,828,9
2,0li9,7
3,93.1,7
22.1l:<-'.3
1,000,0
279,'^
5!i;u,i
38
2.3i>7,0
142,8
208,f
2,555,6
2,910,5
9 289,0
4,172,"
2,962,0
2.410,0
6 397,8
2:959,6
2,811,9
:,58H,5
4,4<9,P
65 .',e
703,1.-
390.^
;<65,.'
605.7
224,3
2.-i9.f^
T
"1
3,372,3
2,18/,7
1,020,9
197,1
160,4
1,206,3
6.260 7
ji;,5
M
I
POchtinrK, pref.
Kllnt.ik I',.ro Marquetto!!
Mnin;
K. c. .Miniiih. .t lllnu...
Uiiilsvlll.. Kvaus. A St. L.
Pnjfcin'd
£<oans.
.V.
Y.
A New
Northern
.Vorwl.
"
"
"
9
June l""
18
23
June
"
1
]»
21
Inne
34,597 8
34,597.S
1
31..'.97.R
.
98,23.3,0
96,46t>,0
96.501,01
23,350,0
29,205,0
banks.
I
Btttchs'A
Central
. .
b,'.
Chase
Chatham
Chemlial
City
Oitizens'
Columbia
,
Ask
BANKS.
—
Ooinnierco...
German Am.
Bid.
DO
Mechanics'.. 19V
First
14th Street..
Fourth
Oaliatin
Cltj-
IIIH
300
.
Mt. Morris..
.Hurray llUl.
Nassau.
156
New York... 240
Vcr.uoiil
,t:
2d niort., -2.68
Mar. H. * Out.-1908,
Pk..N-..t E.RIv.— Stk.
98
Consols. 7i. 1902
... 118
Chri9t-plir,.V10thSt.-Stk. 122
Bond.s. 7..-, 1898
1114
Dry Dk.E B..t Bat'y— 8lk.!126
(108
Istmort., 78, 1893
186
107
108
106
95
138
105
D, D.
183
I
Weetem
.
.
*
.
__
M
U...^
64)
1
|
31
12.4
I
's«.»«,-ll»
ia.-7..'!«i
f'
P'
100
HTm
Pmia. .s Kn^—oua. ta... IIS
Gtnimtl mortii. te.
103
Philadel. A n«ad.-1 >«, As
*
7s, C.
K
Cons., 7s, co[]
Cons., 6s, g.,
2<1,
—
im
'•n
'
1
.
;:I8
I
Inip.,
0>t. (f..
I
03
I
I'l
Put
m. tv St. 1,, — ,>.ci
Sohnyl. K. E. s.-l8t,6«.
Steuben. <t Imtlst m. 6s.
United N. J.-G«a. 4a
Warren * Frank.-l8l, 7s
103 "al....^
,ior«
Wast Jennr— lit M..7s.
W. Jersar * AtL- 1 at, «
Went Penn.—6a. 1893
133
10«>s
104^
..
llOS
PltUbargBr.,e«
BALTIMORE.
&
I
Ohio
87
120
1st pref
2d pref
Central Ohio
ISO
130
46
«S
;
Char. Col. 4
US'
105
10t%
106
101%
— 1»«. Ta fl FiS
An»
Cin. Wash. <k Balt.-lsU.'
2d. 5s
^\
( 43^8
85
CO
48
70
88
tl
n s
I
3->
1981
7ii
Seab'dftHo'u'k»-6s, 1936 <107
East Pennsylvania
i
IWest. Md., 3d gnar.,8s..| .. ..
Elmirad: Willlarasport. i
Wil. I-"!.* Anc. (<« l"!"
117
Preferred
i
t Per share.
i Last price this week.
Atlantic, pref.
I
.
3?
105
63
l.HI
oas
88 >i
1-0
IIU
103
.
Y.)
i.st
Inc., 5s,
I
Atl.
A B.—Scrlp68..'10&
1-23
'103
42il
Or-iid St. F'ry-Stk. 215
Isl innrt., -f, 1893
1110
42d.St. Maiih.A St.-N.Avo. 30
l»t moit., 6s, 1910
113
2d niort., Income, 8s
66
r-Stk. IHS
108
18-.)4.
1st morL, 68, 1910.
toe.
106
125
110
220
33
118
38
no
90
98
107
iiOS
106
i
Istmort., 7s, 1800.
105
iThlrd .Wo.— stock
220
Bonds. 7s 1890
1103
.Twentv-thinl St.-Stock..'226
l8t niort., 7s, 1893
110
i04'
Bid.
A
A Char. Air Line
iii"
.Miklrnl.
r.
i^2?
1.
Tft
ut
lit
M
-7
Fu:r-
I
Eii^i
21
1
no
Buud... Oa
113
1
1
Ask
4
'
Pref
Gaorgla Pao.—Stook.,
lat;%a
3da.
Consol. 5s
A
Ohio
BU.
40
2410
J.SouUwm
„.
Uksd Oraat...
v ^ iiiM. val....
iN. o. Pao.
V-
:
93
36
8
18
30
14
116'4
13
«1
A BaS
-
N.Y. Loan
ttoB'd
A
Lake, lal
Imiir
N. Pac. P. d-Orvllla Dl».
Mlsioail uiTisoB
North KIT.Ooaa. Oa.«orip.
O.I.A W.-l«t acc.lat.eort.
3d ace. Int cert
PwMaoola A AUaaiie....
»V
PooUl Talacraph-CaMo.
BLLoala*
83 >t
Chicafo
Pl»f
i 8t.l>BalK
Aor.Tr.ls'H.
Income 3s.
Jarvi>.Conklln,M. Deb.as
Kanawha A Olilo
*0tOto Va).
1>|
l«t, 7».Ti
rec
Tolttio Poona A W ml
3V. 'S Otah CootraL- Ist 0<....
VMksb. A M andlan— lat.
atari.
_
6^
lat pref
.
I
8d pref
M
Keely Motor
,
Klnasl'n 4 Pemb., lat M.
28i
27
L.N.A.AC.-C.AI.DlT..)ls 103
WiUiea.Coal...
MempMsift cha'et. consols!
Mex. NacConatracfn (Jo. 31
I
A*.
.
Mt lies.* East 8h. Ld.Oo.
iNewb. Dnt<ili.*OaBO
IN.
1907
A
SKCURITISS.
I
-4T! Michigan
Calllurala Pacific
7>s
1st UlO't.. 4H8
2d mort.. guar
Atl. -Beneficiary.,
Chto.
C.V. W. &;M.-(.'en. li.lst.] 90
3-J
32
Cortttuenlal CJn.
Imp.
7»<
stk
Dnl. 8. shore
At
LehfRhA
M<
ib2
|
latOs
I
.113
Stock Exchange— Unlisted Spcurltle;*.
41
PIko-s P'k, Ist OsilOO
A
<a
li.
1
121
Brooklyn Klev'd—stock.. 37
31 <«
Branswiok Co
....
1
Wll'
1
105
103
100
1st. 78,
Peop!r-s 'Brooklyn*
M'li
HI
BBCURITIES.
Atch.
|
|
107
70
103
89
1'20
100
lis
Am. Bank Note Co
145
130
109
V
RAILUOAD STOCKS!
Camden A
New York
UO
no
74
!
Scrip
80
96
loo'
121
120
.'.'.:.'!.
cup.. 1819... (!ISV
(..Ti... r.H.
RAI LRO A D 8T(X;K8
19
7s. 138 '•120
(
Quotations.
Sixth Ave.— Stock
I
Y.I'hll.4.-«orf-lrt,()«
Incodie. 6«
'
Bultlmore
|
1st inort., 78,
"'
PeiiD.-Oen.aii.conn.10I0
Cona. «s,conp,l5o.',
|
TStj
Nassau Brooklyn)
Ex.
Ave
Second Ave.—Stock
I
63
!
Bell'sGap
Bond.,,
Side..
Nintti
—
PHILADELPHIA.
Seventh
Hon8t.W.St.Al'.
I
id?'
lot's,-
'
Mutual .N.
.
8hoeAl,eath.
Sixth
163
St. Nicholas.
120
State of N.Y.
Thlnl.:
!""." Tradesmen's.
United St'es.
'••.B.
111%
I.
r.— 1»»,7«..
Ni.Kh r.„in -l.i ,M.. 7s
Oenernl niort 7«, 1903
I
Consoliilnted
Uepnblio
Seaboard
West
J, VI,
I
B.
Preferred
....
Istmort., 6s
J IK'S
66
2d m..rl., Cs
llOVllO^ (Tbarl. CoL* Atwnata.... 47
Weatem Maryland
Ogdcns. .v L. C.-Cons., 68 103^,'
13
HAILKOAL) iiulna
Uutland -.3a
lOOV
Atlanta A Cbat.— lat, 7s.
SonthCMi Kansas— 6s
88^
Income, te
Texas Division— Ss
73
104
Bait. A ublo-4s.I835... 101
Incomes
78
CapeFearA Vad.— IsuOs
WlBcon. ( cnt.-lst M., 08 »4"-. 98
loss
Income, 5s
43^ 43 V C-ent. Ohla-6s, 1890
.Second
200
1
1
.1
.
I..'
N
103
Bonds, 3s
&
I
Melicuu Ceu
Income
N. V. & N. Eng.-lst,
Jersey cliy & Hoboken
Meiropolltan- Bonds
..
I'roiluce
Eighth Av.— stock.
Scrip, 6.«, 1914
I
—
1
6s.
'...J
43.,Tr.,800
Citizens' (las.Light
Pacific
jl'ark
Pi^ople's
Plienix
1
I
|
Oriental
150
1
mortx,. 7s
Cop«il. M. g.
Mass
Brooklyn O's- Light
Araericii..
.V
.V
N. Y. and Brooklyn 6as Secarlties— Broken' QuotatiooB.
OA.-Tc'O'MPANIEa
"OAS'COMPANTES^ fBirt. Ask.
BM. Ask
North River.
—Brokers'
30
IIH
Ptalla'
N.Y.NatEx.
Railroad Seenritics
Bl'ckorSt. * Ful. F. -Stk. 28
Istmort.. 7s., li)0(>
114
Br'dwav i* 7ihAv. -St'k.. 180
103
1st mint., 58, ili04
2dmoit., 3s, 1914
105
B-way Surface b-ds...l924 104
Bomls guar, 6s 1903
90
Brooklyn iiitv— Stock
132
Istmmt, .-,s, 1902
101
Bkiyii. Crosstown— St<>OA. 175
104
Istmort.. 7s. 19C8
Bnshwk Av.il!klyu)-St'k 14ii
Central Cio-wtown— St'k.. l40
Istmort., (i.s, 19'22
113
Cent.
-20(1
Merchants'.. 153
Merch'ts Ex.
•vtetropolltan 13
Metropolis.
Boston and
-Ninth
Manhnttaa... 170
M'ch8'.£ Trs'.
Mercantile...
11th Ward...
Fifth
Fifth Ave...
125
Madison Sq.
Cuutineiital
.
69.728.2
69.6 '.8.9
...-S.694 2
N.Y. County.
Greenwich.. 140
Hai.over
225
Hud Klver.. 146
Im. ocTiailV 600
ilrvlng.
170
iOather Mis' 230
'Llnc(-In
215
Coiuinci'cial..
Corn Kxch...
Bast Hiver..
89.842,7
80,284,9
BANKS.
Ask.
I
German Ex.
Oermanla
250
Harketvifc Fill
91.96.'>.2
prices this weelr.
300
120
•'.
2(1
Worcester! Ill >180
Lake Cnam.. i S
UiilCnIiiiiv
174
I'ortlar.i saco * Porta... {124
8uniniU Itranch
8
*
.
I
Oarfleld
Asburj- I'urk
Bowery
Broadway
Bid
(
i Including, lor
Bank Stock List— Latest
America
Am. Exch.
99,820,0 2,093,0
100,123,(1 2,093,0
101.O81
088.0
29,677.(1
We
omit two ciphers lit all thtte Agurn.
Mlpnla, the item '• due to other banks."
•
S
I
4,117,7 473,156,0
4,()2i,2 71.-,62l,3
4,014.3 681.9«-2,8
4!6i)3.9 730.487.1
6.i,04S,r '132.680,7 11,590.5! 4,343,3' 140,352,3 3,661,8
65,043.5 153, 114;5lli;'239,l| 4,47i;4 141,193,5 2,641.9
03,013,1; 154,374,9,11,030,01 4,236,2 141.890.9 2,540,2
...
Philn."
May
S
I
115,561,3 411,757,8i80,403,6 44,887,8 44-2,743,0 3,979,7 889,612,9
Boston.
Way
ling., pref..
I-
Harris.
isy
IJ
117'a
|8o
.V
I
Kaston
Klnilra
Hnni'D*
i
I
Devo»U:' "C-c-'n Clsortnof.
4
114,215,41417,840,0 8.3.218,7 36,429,0 440,300.5
11.... 114,215,4 410.93(1,5 80,013,8 39.104,1 441.069.3
18.... 114.215.4 4 13,28.->.o!83.483.1 41,581 5 443,9-29.1
y.-,
115,561,6,412,472.7182,196,1 43,4U5,7i44-2;425,'8
!!
--.' 40
I
i 131 ll33
.t
Ii
OudenHii.
<»
12J
I
361,0
515,0
319,0
3,no,ii
N. York.
Mar
Lawrence
.Mexican (lUlial
24,Hi!l.l
7 Sl-n ^O'' 1 I4.aa7 o 442.74.1,0
LrQoU.
Specie.
'
((iilrnl
(.l.r.t
'14
no
98
.t
I
014.1
380,7
1,001,3
.
"ini^
ricfcrrt'tl, ...
Kan.r. Kt Sc.lt
1923, 6»
Basks.
US
Prufunod
I
67.-1.9
3,132.0
1.910,1
10.7jO,V
6.880,.'i
..
WUconsin Central
IP"* X9U
169,0
t,262.7
Preferred
48
47 >.
1,33H,||
143,1
2,344,3. 21,602,5
BONDS.
9.«93,0
Atch. A To|>eka-l«t, 78.. 117S
119,0
4,941,0
Collat. Trust, 58
83
844
599,4
0,"31,6
Plain, 5s
i 06
2,784,0, 23.679,7
MortJ5:ii£e, 58
i
461,8|
7,993,1
Trust, ()s
loo
10/,6|
1,586,0
Bull. 6i Mo. K. la Neb.—
332,5
2.841,0
Kxempt,69
JUS"*
178...
3.200,
Non exempt. 88
...,.' ......
l.'>ii,0
2.75. ,3
Land frrant, 7s
•
,111^
859,«! 11,148,4
California Hoatli.—l8t,6«, 103
103
117,8'
4,450,4
Income, 6s
48
806,7
8.663,8 Con.sol. 01 Vermont— 8s..
89
89\
415,0
2,745,2
Kastern..Ma.ss.— 8s, new
125
116,7
5,792,8
K.C. Ft. Scott & Mem., 0» 114Sj|115
354,8
3,392,1
K. C. Ft. Scolt A Cllf.-78'
425.7
3,603,9 Kan*. City Law.* So.— 8»'
195,71
1,907,2
K.C. Memph. .& Blrm— 6*
100
481,4
6,478,7
K8n.Clt.8t.Jo.4C.B.-78*!'22's 1'23
222,0
2,339,0
K. ( Ity Spd (ft .Memp.-(is
4,138,0
600,0|
K. City (_lln. * Spi-(i.-58'
150,0
2,050,0
Little n. A Ft. Sm.-7s...(
|107
1.160,11 11,440,0
I/OUlsv.Kv.*st.L.— l8t,6»i
|113
32 -(,7
593,0
700,0
458,6
2,0()2,0
4,249
.
Counertleut .« Paa«ump..'ii
'
llimili-tlito* Itla. — —
ConniTtlcui
1 ftfi
lllver
Ka^tern
91
Manch
1,110,0
1,429,7
4,214,3
1,678,6
-
12,0112.4
5,4 7,i,0
5.277,5
2,154.8
21.430.1
4,049,0
'KO
671,3
466,0
204,7
b,6.i3,5
22.476.5
7,061,7
1,856.5
263,0
461,H
218,4
138.3
73.0
183,0
3.1H1.8
5,43(1.1
9,3(1 l,;t
10.',7
227,0
3U2,H
127,4
449.(!
468.0
276,0
6 (.1,8
6,100,7
34
53
C""'>'r.l
Maine
738,0
rITHiia..
tu
iliih....
iiton
•
2,948.0
3.713,0
3,336,3
4,439,8
1.895.0
)01,0
,
I'l, .,.,
13,H73,(I
207,(1
300,0
750.0
600,0
fli.
CI.
1.311.7
17,21ii.(i
,S,615,0
300,0
250,0
200,0
German- American....
750,0
Chase National
600,0
Fifth Avenue
lOO.C
German Sxchan^...
200,0
Oermanla
200,0
United States
600,0
lilncoln
300,0
Oarfleld
200,0
Fifth National
150,0
Bank of the Metrop..
300,0
Westsiile
200,0
?*-^aboard
600,0
S xth National
...
200,0
Wdstem National
3,600,0
.3,281,(1
295,"
301,3
3!0,e
150.3
3.17,6
4«C-
I."l.i«h V«ll.
104
•Mli'n
2,281,1
1,318,5
558,(1
4BV
.,
,
180
437,8
986,4
306,7
2,2rtl,4
o|ii<kii
l.f...
3,185,6
928,7
2,Ou4,7
1,235.6
20,278,8
L»M.|a4>
\enlmft\
'ill ....
768,0
722,2
2(1
,,
•
3,097,3
201.
1,043.8
1,038,7
I
.
4.7 12.(1
ll,.'l".V
2.93 ,3
14.289,0
1,027,8
,
..
B"
v;
60,7
433,0
631,2
RArM(ii.\iiHr()(:K8.f
..II
205,0
3.216,0
1,100,6
MKOtrKfTIl
ll.MO.O
11,217.0
2.S2.-,.1
1.3.-,5.7
2,17.M
3H2.;i
Bowery
2,046,0
219,1
1,190,9
497,4
817,0
77,8
482,0
176,1
387.6
1,192,5
1,640.1
470,7
4.042,.^
l7f,fl
6'<t,l
20li.O
New York Coanty
Total
8..IM
8,13,8
31-1.0
4,408,0
1,9»5,7
112,7
131,0
1,186,0
240,0
250,0
N
AtchlxiM
83H.O
300,0
3,200,0
2,000,0
Central National
Second National
Ninth National.
First National
TluriJ Nalional
Y. Natl Exohange
8.';'.'«,ii
2,2114.0
2,228.9
1,500,0
2,000,0
Itiver
Kaflt I*ver
fonrth Nnrlonal
1,430,0
734,0
779.!
018,2
455,3
313,7
2.324.0
2,468,8
15,747,0
15,630,2
2,946.0
2,908,1
2.978,6
4.160,6
2.021,1
31277,0
2"i
1,620,0
2,098,0
v,Bn'^,o
3,1.61.0
l,.->«3,4
3,;i04,.1
l,iJo:t,7
Mercantile
Republic
1
M.
8F,r.'ni»rnE«.
$
1.19I),7
•
1769
Qaotatloas I. BMton. nfhMMMto'ma4
•Itlam.
FoU.)wlnKarP quotHtlonnof a'l/r, m-k ka
and hon.l4. A tall
lUt U Ki vol, in tho CilRosicLK tl.« tlur.l
,s«iur3«r
MTMch
>inUjro(«Khiiioalll.
DifCtlU.
(OOi omitti't.)
Ueohanlcn'
:
THE CHRONICLK
1880.]
New fork
5
H
..
1
laooiaaa.
Stork, prat
Wah«*h— New
..._
1st. 5s
Nrw-2>1.3s
'
30
Wool N. Oar— ""• «•
.
I
. ...
1
'
.
.
.
THE CHRONICLE.
760
[Vol.
Latest Earnings Reportei,
Jntrjestmjetxt
Jan. 1
to
XLVin.
Latest Date.
ROAD.«.
Week or Mo
1889.
1889.
1888.
ADO
Huraest'n&Shen
Dub.
& Sio'xC.
April
Iowa
lines
April,
8,000
973,930
7,199
127,274
134,473
all ....'April
1,108,403
April,
Ill.Cen.(lll.&So.) April
Cedar F. &Min. April
'
The Investors' Supplement, a pamphlet of 150
tontaiiis extended tables of the
Funded Debt of
Total
pageis'
States
and
OUies and of the Stocks and Bonds of Railroads and other
Companies, It is published on the last Saturday of every
other month oiz., January, March, May, July, September and November, and is furnished without extra charge
Extra copies
to all regular subscribers of the Ohkonicle.
arc sold to subscribers of the CbRONioLB at 50 cents each,
and to others at $1 per copy.
The General Quotations of Stocks and Bonds, occupying
$ix pages of the Chronicle, are now published on the
third Saturday of each month.
—
Ind.Dec.iS; West. April
Iowa Central
IthwkMay
KanawhaiS; Ohio 2d wk May
K.C.F.8.
Kan.
Mem ,2d wk May
&Sp.|2dwk May
& N.W April
>fc
C. CI.
K. C. Wy.
Kentucky Cent. April
Keokuk & West. 2d wk May
Klngst'u & Pem.ilthwkMay
Knoxv. & Ohio. April
& So.
L. Erie All.
L.
Erie
<&
i&
'
April
.
'
L.
'
May
Long Island
La.
5,141
West. !4tliwkMay
Hud.. IMay
Rock & Mem. 3d wk
Lehigh
& Mo. River.
May
Alarch.....
IthwkMay
Louls.Ey.ifc St.L.
Loulsv.&Nashv IthwkMay
Louis. N. A & Ch. llthwkMay
Loulsv.N.O. & T. Ilthwk May
Lou. 8t.L.cfeLex.|May. ...
Mar. Col. &No..lM,arch..
Maryland Cent. April
RAILROAD EARNINGS.
i
Latest Earnings Reported
EOADS.
Week or Mu
1889.
B.&O.Ei^;L.ncfc April
We.stcm Lines April
169.766
7.600
1,642,868
2,850
346,534
92,347
74.259
2.287,111
135,616
24,552
61,523
1,243,656
378,583
April
1,622, ;39
Allegheny Val.. April
Ashv.ifc Spartau. May
Atcli. T. & 8. Fo.. April
St.L.K.C.&Col.
Gulf.Col.&S.F.
Califor'a Cent.
Califor'aSou..
Total systemt
Atlanta
Atlanta
April
April
April
April
Ain'il
i Cbar March
&W. in. April
Atlanilc
.Sr
I'ao.
.
Total
4thwkMay
cV Poiomac April
March
Beech Creek
Bait.
BufiF.Roch.A: Kill 1th wk May
Bur.C.Rap.ANn. April
& Chic.
Camden & Ati..
Cairo V.
Ca
4th wk May
April
lada Atlantic April
Canadian Pacific 4th wk May
Cp.F'r&Yad.Val May
March
Cen.KK.&Bg.Co March
Cent. Br. U. P..
Central of N.J.
Central Pacific..
Central of B.C..
Charlest'n & Sav
April
March
March
April
Char.CoL&Aug. May
Cheraw. &Darl. March
Ches. & Ohio.... April
Ches. O. & S. W. 3 wks Apl.
March
Cheshire
Ches. <s Lenoir March
.
Chic. & Atlantic.
Chic. Burl. & No
Chic. Burl. & Q.
Lines contr'l'd
C!hic.& East. 111.
Chic. Mil. & St.P.
Chic. &N'tlnv'n.
Chic. & Oh. Kiv.
Chic. Pe. & St. 3..
2d wk May
April
April
April
4th wk May
tthwk May
April
April
March
Chlc.St.P.&K.C. 2d
Chlc.St.P.M..VO.
Chic. & W.Mich.
Cin. Ga. & Ports.
Cin.Ind.St.L.itC
Cin. Jack. & JIac
Cln.N. O. &T.P.
Ala. Gt. South.
N. Orl. & N. E.
Vicksb. <fc Mer.
Vicks. Sh. & P.
Erlanttcr Syst.
Cin. Rich. & Ft.W
On.
& Mob.
wk May
April
ithwkMi.y
.\pril
May.
Ithwk May
3d wk May
3d wk May
3d wk May
3d wk May
3d wk May
3d
wk May
3d wk M,.y
April
Cln.Wab.&Mich. April
Sel.
Cin.Wash.&Balt 4thwk May
Clev.AkronACol 3d wk May
Clev.
&
Canton.. April
Clev.Col.C.&Ind April
Clev. & Marietta April
153 291
69,776
54,059
199,603
14,586
45,325
42,365
351,000
30,888
59,287
t0'-,609
980.234
1,155,007
9,420
51,760
61,650
6,119
320,370
100,162
49,508
6,196
36,661
168,131
1,95»,446
555,313
52,366
661.500
1,837,256
5,417
29,23:
54,792
450,584
31,701
5,054
226,676
14,729
67,642
28,779
10,319
(•,621
6,598
125,959
8,176
6,002
43,233
49,307
14,008
32,546
624,628
19,995
4thwk;May
57,6'JO
May
3d wk May
Col. Hock. V.&T. 4thwkMay
43,300
6,336
45,583
37,524
217,380
25.775
60.200
18.041
27,502
49,229
100,429
Color. Midland.
Col. & Greenv .
Col. & Cin. Mid..
Day.Ft.W.&Chi.
Denv. & Rio Or.
Deny. <fc R. G.W.
Denv.S.P'k&Pao
April
4thwk May
3d wk May
March
Det.BayC.&Alp 4thwltMay
Det.Lans'g&No ,4thwk May
DiUuthS.S.&AH IthwkMay
E.Tenn.Va.&Ga. !3dwkMay
Evaus.&Ind'plis
4thwkMay
Evansv. & T. H. 4thwkMay
Fitchburg
April
Flint.&P.Marq. 3a wk May
Flor. By Nav. Co 3d wk May
Ft.W.Cin.&L.. March
Ft.W.&Den.City 3d wk May
Whole Syst'm 3d wk May
Georgia Pacific iMay
Gr. Rap. &Iud. 3d wk May
Other lines .. 3d wk May
Grand Trunk
Wk May 25
.
.
Chic.
&Gr.Tr. :WkMay25
Det.Gr.H.& M. 'WkMay25
Housatontc
March
HouB.&Tex.Cen April
7,82.;
25.141
439,444
43,777
19,365
25,742
32,777
72,852
95,421
41,521
3.892
372,258
64.160
17,582'
87,591'
173.995
1888.
163,519
8.540
205,316
158,314
Memphis & Chasi3a wk May
Jan. 1
to
Latetl Date.
1889.
674,598
46,377
5,891.722
11,389
1,034,323
364,311
286,977
1888.
634,854
42.327
,207,295
362,221
,569,516
123,0 )9
84,173
51,989
193,176
14,625
39,965
42,843
317,000
22,190
84,580
562,955
,006,325
,220,117
9,519
49,521
58,042
6,954
339,636
101.093
42,599
7,308
48,152
127,987
,703,81
399,623
150,618
1,165,736
4,905,893
1,176,519
6,382,412
526,389
211,450
763,830
849,618
269.587
149,187
155,878
5.068,034
161.008
172,45(
1,955,111
3,769,449
3,204,949
31,624
229.957
368,496
24,218
1,355,62(,
595,079
132,815
19,712
750,270
648.303
7.745,310
2.303,406
417,197
60,303 1,<12.-,901
628,631 9,100,946
,954.^85
4.294
26,256
36,580
496,246
38,742
4,688
21.5,713
11,380
62,f,69
21,436
11,573
5,843
6,079
110,500
7.681
7.726
37,057
53,632
11,788
31,843
567,778
19,866
43,505
37,776
5,145
70,511
28,952
183,280
22,275
86,518
17,988
27,430
42,135
93,117
6,820
20,954
416,512
50,852
20,988
22,414
21,646
6,904.794
25.24'
8(1,703
750,826
630,913
360,762
146,372
1,107,587
4,596,410
1,491.670
6,088.080
480,176
252,161
790,381
832,032
271.614
139,672
148,219
4,65l,.394
127.224
225.041
1,877,369
3,678,723
3,391,206
31,650
218,619
375,140
24,490
1,43»,851
578,243
122,466
23,232
786,787
475,269
6.272,845
1 ,625,950
1 ,019,268
8,552,762
7,100,199
11.504
68,356
666,.525
1,760,101
555,036
548.632
17,210
1,042.159
203,730
16ti,286
.39,491
1.85.631
1,307,170
580,819
322,303
180,901
189,290
2,580,522
156,!!65
125,308
2,402,477
76,083
646.487
316,941
120,256
958,354
35,310
140,653
318,034
223,650
115,701
2,307.626
88,493
511.208
259,313
112,308
] ,063,076
1.52,209
12(),352
2.853,657
498,388
169,526
216,297
2,841,425
449,303
234,122
186,872
374,385
405,253
2,075.032
89,324
321,130
1,595,097
966,777
432,374
61,758
318,437
155,897
805,643
'254,590
424,637
541,840
2,254,471
107,540
344,023
1,699,121
918,634
402,967
67,068
440.481
974.737
533.352
841,397
510,162
40.496
805,683
81,637,
3,619
72,989
357,761 7,160,129 6.586,307
60.400 1,300,550 1.266,2(36
374,903
18,142
402,108
244,229
69,849
204.550
158.851'
869.203
655.099
93,191j
May
;Me.\icau R'wavlWk June 1
Mil.L.Sh. A- We.s't Ithwk May
Milwaukee & No lthwkM:jy
Mineral Range.. April
Miuneap. A St. L. April
Mo. Kan. iV Tex. 'April
May
Mobile & Ohio
. .
\
i
935,746
2,836,803
|
Montana Union, March
1,778,916
17,70'
1,122,523
222,017
1,354,155
681.976
385,876
211,068
.
|
8,086,l4l
111.342
29.406
63,763
tMexican Cent...'lthwkMa'
San Luis Div. |4thwkMay
;Mex. National
Nash.Ch.i- St.L. April
Natchez Jac.AC. 3(1 wk May
New Brunswick. .March
N.Jersey (StN.Y.IApril
New Orl. & GulfApril
N. Y. C. <fc H. R.May
N. Y. L. E. & W.I April
N. Y'. Pa. & Ohio March
N. Y.&N.Eng..|A).ril
I
|
?«
.
Y.
.fe
North'^ii
.
!
May
N. Y. Ont. ,& W..|4thwkMay
N. Y. Susq. & W.JApril
&
Norfolk
IthwkMay
West.
N'theast'n (8. C.) ^larch
North'n Central. April
IthwkMay
3(1 wk May
IthwkMay
Ithwk May
May
Ist wk May
Northern PaciUo
Ohiolnd. & W..
Ohio & Miss
Ohio River
OUo Southern
Ohio Val. of Ky.
.
Omaha & St.
March...
L.
23,924
34,162
5,087
80,159
4,782
31,500
73,355
5,954
6,046
41,993
Oregon Imp. Co. March
60,403
22,493
9,034
281,002
31,738
20,273
466.215
59,265
60,513
19,545
7,926
12,000
27,232
192,086
1,947
321,299
86.194
105,995
32,560
8,317
92,737
491,169
242,227
47,096
258,288
4,074
82,108
19,094
13.869
2,892,851
1,953,733
525,841
422,113
53,525
50,925
98,479
88,266
60,006
425,171
566,673
31,126
76,031
10,990
36,031
2,566
37,641
324,577
438,164
Oreg. R. & N. Co. April.
Oreg. Short LinelMarch..
227,4.52
Penn.sylvania .. April
5,032,370
Peoria Bee. &E v. 1 th wk May
24,205
April
Petersburg
43,891
I
]
Pitts.Clev.iT.' April
Pitts.Pain.itF. .Vpril
Total systeiu|4thwkMay
Pt. Royal A: Aug. April
!
Pt.Roy.&W.Car.jApi-l/
Prcscott & Ariz. 'April
Rich. .St Airghy.l2(l wk May
(•R.&Dan. Sys'mlthwkMay
Rich, .fe Petersb. April
Rome W. & Ogd. IMarch
St, Jos. & G. Isl. llthwkMay
St.L.A.&T.U.B's 11 hwk May
St.L. Ark. & Te-x. Ithwk May
St.L.& San I'rau. Ithwk May
I
,
St.Paul&Dul'thlApril
St.P.Min.i Man., April
S.Ant.&Ar.Pass.lSd wk
May
Scioto Vallcv...lApril.
Seattle L. S. & E.lthwkMay
Shenandoah Val May
South Carolina .April
So. Pacific
system'March
Total of
March
all..
RR.—
6,9.32,881
67,031
51,259
1,068,602
6.369,153
809.713
971,739
22,603
40,206
661,512
21,886
36,879
635,436
,585.5971
1,497,615
6,656
10,200
27,665
180,693
878,453
39.9191
199,562
68,199
94,668
32.046
6,488
102,416
496.373
210,408
61,103
232,263
2,525
74,495
20,016
12,050
,824,843
,112,656
473,526
410,325
48,067
47,538
106,381
81,659
66,964
486,614
582,804
33,410
68,048
9,181
37,179
2,164
39,493
446,440
478,053
201,507
,522.6721
989,110
,836,543[ 1,671
675,312
,183,015|
881,469
33.038
378,835
404.029
25,346
398,411
,857,309
,894,372
257,122
168,700
117,834
69,372
199,261
65,933
54,695
668,702
702,392
4i2,292
643,204
231,848
640,944
374,225
053,699
192,073
796,311
282,606
536,825
520,574
198,459
210,363
006.390
165,544
009,037
59,505
175,603
67,670
56,577
726.416
181,538
387,383
567,257
207,383
604,377
148,927
928.290
194.577
444,2041
110,182
928,270
I
New Mex. Div. March.
& Col. March
.
.
Spar. Uu.
Rap. T.
I
.\pril
Summit Branch.
April
Lykeus Valley April
Tex'as & Pacitie. IthwkMay
IthwkMay
ToI.A.A.AjN. M.
829,025
557,605
451.205
150,863
235,280
.,611,864
101,635
1,174.064
1,754,631
667,813
495,079
,650,046 18, ,778,406 17,750,043
20,452
289,1271
265,147
35,513
329,481
,706,291
121,393
41,9123,612
66,205
20,802
21,369
11,313
25,777
192,989
103,305
36,146
13,716
57,014
24,8.11
20,984
251,661
21,697
20,378!
18,498j
5,605:
13,412!
168,0991
22,286!
69,642
142,701
104,5611
810,3581
21,975
48,869
3,7941
67,538
76,294'
172,663
1,202,311
150,711
1,102,323
441,911
153,263
81,306
879,994
118,899
1 43,880
43,874
400,952
4,193,629
97,206
723,570
441,989
391.512
1.190.476
2,148,322
294,720
2,183,907
409.174
205,163
91,824
315.000
469,278
370.412
132,339
53,052
726,845
135.255
122,677
30.810
201,523
138,273
489,073
168,274
81,979
14,189
62,955
80,467
62,000
4,018,428
86,888
688.917
417,755
365,881
1.018,600
2,027,297
346,524
2.581.520
339.309
207,757
310,459
458,993
150,101
22,635
409,642
369,866
589,049, 1,450,182
501.113
204,750,
247,681
102,333;
1,.547,821
138,910
9,6671
53,993!
102,692
70,742
149,199;
14,66S!
34,456
208,269
391,649
284,487
2,410,076
373,388
74,999
414,795
13,693;
20,058
Tol. Col. ACinu. April
31,721
34,892
Tol. A- Ohio Ccnt.'ltliwk May
19,546'
20.344
333,8.50
Pol. P. & West.. 3d wk -May
13,268
342,926
18,320
Tol. St, L.
K.C. IthwkMay
2,153,288 ,539,243 7,928,734
Union Paciflc... April
Total systemt.. [March
2,751,009,3, ,293,2H1 7,496,236
&
Utah & North'n. March
Valley of Ohio. .[April
Vermont
,819,887
I
No. Div. (Cal.) March
So. Div. (Cal.)iMarch
Arizona Div.. March
I.
51,989
21,337
11,264
277,889
34,025
22,486
414,384
358,852
267,335
26,371
25,090
81,512
147,620
81,812
665,098
26,130
50,883
6,795
70,000
81,984
289,891
112,750
68,067
160,434
16.217
20.613i
967,590
718,905
96,777
91,522
222,059
284,168
1,083.549 1,047,831
90,129
98,760
1,217,476 1,255,004
326,984
303,385
1,715,839 1,784,462
39.136
32,092
451,071
482.109
3.781.565 3.826,070
7,307,166 7,700,927
3,452,029 3,892,890,10,115,424 10,602,446
Atlantic sys'ra April
Staten
5,931
36,757
4,544
501,722
530,937
4,624,239
119.881
574.749
89,284
1,647,521
95,041
121,450
289,727
114,012
73,727
193,995
46,067
3,586,780
27,256
517,983
545,239
4,132,020
105,306
536,759
87,698
1,481,008
87,683
308,242 316.094
74,122
75,961
458,491 41 3,022
13,497
8,655l
118.951
110,820|
973,306 924,551
2,525,809 2,827,054
Morgan'sL&T.lApiil
N. Y.T.&Mc-x.lApril
Tex. & N. Orl. April
Pacific
121,550
955,230
26,380
30,014
3,760
70,572
3,900
22,407
69,504
5,113
26,2151
Co.—
Gal.IIar.c&S.A. April
Louis'a West..! April
So. Pac.
8,078
113,472
1,381,525
i
Phila. & Erie... April
Phiia. & Read's. April
Pittsb. & West'nlApiil
9,917
833,679
$
38.500
4,093,302
Vallcyi April
Virginia Mi(Jl'd.
Wabash Railw'y
'
May
March
Wabash West'n Ithwk May
.
Wash.O.iS: West. May
Western of Ala. April
147,593
51,326
14,921
15.5,800
483,283
151,0981
10,675i
32,309l
604,956
279,576
29,551
181,333
479,298
348,464
2.110,972
233,275
50,628
469,764
328,503
177,611
8,(i9S,120
8,014,425
168,410
426,279;
47,066,
14,292,
187,584
52,040
761.303
423,642
168,531
50,657
677,186
1,418,883
161,283, 2,214,057
42,257
10,500,
29.406'
181.600
1.385,277
2,101,489
40,792
165.516
142,800
500,623
1
June
.
IHE CHKONICLE
i-69.)
8,
:
r,nteii
Bimivai HtporW.
I
Jnn.
1 to
tMU§t
Dal*.
IWW.
ROAI>8.
'^erJ^or
to
7(51
KoaiU.
Line* controlled... Ormm.
18S9.
Net
YA
4tbwkMay
CarTa. May
Wrrtt. N.
West. N.
Wi'St Jtrsiy
Wll.
.V:
Ci)l. .V
Nat...
Apill
wliloUbalt ownersblp la held.
currency.
t Mexican
c Earniu^-i of outire system, iuoludloK all road operated.
Lnoluillnif linuH in
ClerelMid
1889.
9
Atlantic & Paclflc
ButTdlo Rocli & Plttsborg.
Cairo Vin..SE Ohio
A
14.586
351,000
52.3t>6
Ohlcago Mil. & St. Paul. ..
Chicago A WeHtMicli
Cincinnati Jack. A Mack.
661.500
31,701
14,729
49,307
57.600
45,583
217,380
18.011
26,502
49,229
7,82S
25,141
372,258
64,160
17,582
34,162
Ills.
A
Halt
Clu. Wasli.
C loradi) Midlan 1
H.
Val.
Toledo
OoL
A
A Rio Urauiie
Detroit Bay (.'. & Alpena.
Detroit Laus. A North
DiUuth g. .S. A Atlantic...
Evansvlile A Indianup...
Evansvilie AT.
Denver
H
"Grand Tinnkof Canada.
•CUicaKO A Grand Tr...
•Detroit Gr. H.
A
Mil...
Iowa Central
KinKStonA Pembrolie....
Ixikc Kric
Mexican Railway
Milwaukee L. 8h. A West.
Milwaukee A Northern
N.Y. Out. A West
Lotus Ark. A Texas...
Louis A San Fran
Seattle L.
SIj.
A Kastem..
Texa.'! A PaclHc
Toledo Ann A. A No. Mich
Toledo A Ohio Central
Toledo «t. L. A Kan. C...
151,09*-
Western N. Y. A Peon. ...
Wheeling A Lake Erie. ...
87,000
22,83123,110
Wi^sconsin Central
Total (53 roads)
Wet Increase (6 02
*
68, 19^
94,668
32,0 ;6
47,538
81,659
582,804
6-^,048
9,181
20.452
57,014
168.099
21,6i7
22,288
69.642
142,701
3,791
149,199
14,663
34,892
13,208
161,283
31,721
18,520
.
,
349
357,761
60,400
18.142
30,014
5,931
51,089
22.486
414,384
67,031
51,259
180,093
,-66
Wabash Western
14..<i80
20,')34
568.873
76,031
10,990
2 1,205
60,205
192,989
26.371
25,090
81.512
147 6 O
6,795
150,lil
22,635
Kich A Dauv. {i road-) ..I
8:. Joseph A Or. I.-^land..-!
Bt L. Alt.AT.H.,branche8
34,000
8<),>-00
22,669
111,569
5,294,506| 4,993.957
p. c.)..
I
JM.576
10-1.368
Net...
25,576
430,158
131,219
44,<>0J
80.757
17.718
£sttT«nn. Vj. AOa.Oroet.
N.t...
(iroM.
July 1 to Apr. 30, )
10 months .... (Net...
Knox llle A Ohio UroM.
Net ..
Jalr I to Apr. 30, ) Gross.
lU-moatbs
... i .Vet
A Pere Uarq,
7,041
14,095
'24",928
34, '00
"928
""560
4,148
115
8,414
"2,213
51,831
"7,766
9,234
11,393
17,995
11,327
514
3.S87
6,607
16,131
7,983
1,809
3,753
9, 19
24.890
..Orou.
.
2-)l,628
6 ,652
73,355
118.7M
10.1,043
438..1.'tli
Sir7.«8»
38.212
4 1 6. 174
1 10,874
124.80f
1.06i.St7
616,481
75.880
4,'>3 1,069
4.787^14
i.OM.aoa
1.7a«j8«T
224.537
67,t67
00.501
23.360
Net...
3 ',713
Nashville Gross. 1,315,8W 1,204.415
Net...
444,441 362.<M3
July 1 to Apr. 30, ) Or.tsa.
10 m'-nths
> Met...
Mexican National ...Oroaa. 293,876 213,027
Net...
34.584 def.3,'»«2
33,181
Gross.
40,576
Ohio River
Net. .
16,242
13,328
438,161 478.053
Ore. Ry. A Nav. Co. Gross.
84,714 150.589
Net...
Philadelphia A ErIe.Orou. 358,892 329,481
151,493 145.035
Net...
121,391 103,305
Pittsburg A Western. Gross.
39,797
35,661
Net...
41,912
36,146
Pitts. Cleve. A Tol. Grogs.
10,874
10,451
Net...
13,71««
23.813
Pitts. Palnes. A K. Gross.
2,.^38
7,605
Nee...
186,917 153,167
Gross.
Total system
93,-JOO
93,716
Net...
July 1 to Apr. 30, ) Gross.
10 months
> Set...
A
Linlsv.
Sototo
VaUey
Toledo
A
Grosj
Net...
Ivj
Oaio Cent. Gross.
months.
Wiaconsln
11,870
4,919
3,001
Net...
1 Grogs.
jNet...
atral. ..Or -ss.
Net...
—
1 to Apr. 30,
C
*?«
135.844
a8.lS8
330,041
lOU.'MO
..
Not.
July
4.6741
2,804'
18,466
ItiSr
i.no.iM
•47.000
»7,'J0J
DeBv.ARloUr.Wett.arou.
101.&S»
160.4S4
183.995
794M9
993l»
45«.0Si>
«l8JS->7
IVI^M
817>M
lfl0.M0
811.793
330,042
28 >.727
117.069
19IJB«»
39»38%
84.18L
5,537.6m 5.a533iB
2,'1T,,522 1.971,809
13,8 11. -1112 l.i,677.l3»
9,33.',202 S.OUS.OM
780.MS
1,201,373
329,034 iutAO.tVr
151.1.19
114.1S»
90,106
43.ao«
l,91l.«6t
l,751.<n
106,82.)
973379
1,202,311
1.102.3 .3
380.713
403,198
441.011
370.413
159.419
142.40K
153,343
133339
26,081
81.309
itfiiX.
19,443
1I.99S
5aj34»
979, t79
20k.9t6
183.93ft.
1,302.300 1.674.649.
491,903
503.582
a«»7.75T
305.193
50,385
48.869
49,109
37314
13,075
7,360
83,791
318,073
3743^8
81.308
108.542
13031O
28.317
31.269
05g.O47
989314
399.981
313.990
296,381 286,523 1,103,430 1.064.49&
207,079
77,672
109,383
- -/on. 1 M Mttrth 81^^
Xartk.
1888.
1880.
1888.
1S89.
39^»
.
Boadi.
902
Memo. ACbarles ton. Gross.
7,987
3,171
5,252
'ioiVs
0,200
169
16,571
Net...
•
8
•
•
143,448 124,616
50,159 det.6,388
46-',t81
437.t7«^
157,129
97.371
1.4lO,a8»
411,114
1,275.711
July 1 to Mch. 31, J Gross.
(Net. ..
9 mouths
322,353
Including Chicago line, St. Joseph RR , Chicago Kansas A We
New .Mexic.i A Arizoja, and Souora.
and expenses or Boston omoe grosi o»r»t E.^peuses ioil Hie taxcH
tbaA
lug-< for April decrea.-ied $5,763 on coal tratUc, but loss was mote
ma le up by gaits f lom other source*.
*
;
85,2.'4
ANNUAL REPORTS
returns from 76 rotd <, and
as follows:
May we have
the aggregate of the same is
1889.
Month, nf Hay.
Gross earnings (76 roacls).f 23,403,698
34,174
0,694
For week endlntr May 25.
For the month of
3. -OO
e«,ooo
140,01a
S3,0u0
99,004
8, 18
Kentucky Cent rdl... Gross
"4,325
3S5,77J
300,549
3U>.7.^t
4,000
33,781
Net...
Fllut
32,866
7,094
1,003
4,187
14,497
3,760
e«,ft3l
ft.OOO
3t.HI3
10,48j
'7,<J37
53
1,I7I,^«8
Ml, us
Jdlrl to Apr. 30, Idroia.
10 inoDtlui
{Not...
Col. A Uook'K C. A I.Urou.
39
317,000
60,303
628,634
38,742
43,505
70,511
183.280
17.988
27,430
42,135
6,820
32,560
50,923
8-'
2,069
53,ii32
lu5,9.)5
Norfolk A Western
Northern Pacillc
Ohio A .Mississippi
Ohio River
Peoria Dec. A Evans
Pitta. A West., tot. sysi'm
Otentut.
760
14,625,
f,046
60.403
20,273
460,215
59,265
60,513
192,0S0
86,194
A Western
Louisv. Kvans. A St. L..
loulsvlllc A Nashville ...
LoulavU c N Alb. & Chic.
Louisville N. O. A Texas.
Mexican CcntriU
Bt.
Bt.
63,763
51.98&
54.'>.^8
AC. &I.C.
E.
Inertatt.
8
64,523
Canadian Pacillo
Cbic.
1888.
A Oantou.Orow.
Not...
Late8t (jross Earning:) by Weeks.— The latest weekly earnings in the foregoing table are separately summed up as follows
For the fourth week of May there is an increa^ of 6 '02 per
cent on the 59 roads that have thus far reported.
Hay
373,407
70,071
Meridian. (iroM.
30,349
Net...
.VU
Vtoks. Hhrov A Pot'.nr >M.
3.>,331
Net... def.l.OOJ
Am;
it\ week 0/
..
6<HI,747
M»,747
399,944
eA.000
93,101
A
Vloki.
Wisconsin CVnl
•
.Vortheut .OroM.
Net
Uliw
I..K
A
N. O.
Al.ril.
W.V.Crii.AI'ill.i
Wlioi'lliiK
..
* Tez. PM.OroM
Clo. N. O.
I'ft.
1IKI4.
417.1117
iei,o«>4a'r.tu,H74
.i.%5,3i:»
»
Sonthern Paclflc Company.
(For the year ending Dec. 31, 1888.^'
Ineretue. P. CI
1888.
$22,10f,686 $1,295,012 5-86
The report
of this great corporation, controlling the
Hun-
Net EarninpTS Monthly to Latest Bates.—The tables foUow- tington linee west of the Mississippi River, is just issued for
Ing show the latest net earnings reported this week, the the year 1888. The report is prepared m very elaborate fon»
returns for each road being published here as soon as received as a large pamphlet, giving fuU tables of statistics •• to aU
but not kept standing from week to week. The flgur<j8 cover the auxiliary roads controlled, and on another page, unocr
the latest iuont»i and the totals from January 1, and also the "Reriorta and Documents," will be found the remarks at
totals for the fiscal year on those compinies whose fiscal year President Stanford, with the most compreboasive tabios redoes not correspond with the calendar year.
lating to the whole system.
...
^/o«._l_to iprilZO.-April.The following statements sVow the income and ezpen«tltait>>
1888.
1889.'
1889.
1888.
Road*.
and
1888:
Dec.
1887
81,
ending
years
of the company for the
4t
S
S
$
5,891.722
The earnings and expenses were as below given. It will b*
Atch. Top. AS. Fo*. Gross. 1,642.868
1,624.171
461,519
Net...
noticed that the earnings and expensM in 1887do not agrw
2,350
with the same items in the subsequent table. The ^erean*
St. L. Kan. C. A Col Gross.
. }hl%t
def.8.878
Net... def.2,4H
first table the resulto of the
is caused by the fact tliat in the
750.826
346,531 205,316 1.034,323
Gulf Col. A S. Fe .Gross.
Oregon Pac. and So. Pac. Coast railways are included for thedef.18,787
53,266
Net.
while in the soba^
entire year, for purposes of comparison,
304,311
92.347
Calif-jmla Central Gross.
quent table they are included only from July 1, 1887. wb«n
61,820
10,446
Net ..
030,')13 nie leases went into elTect,
230,977
74,259 15?,31l
California South'n. Gross.
181,773
BAHXINOS AMU BXrSNaE.*.
26,590
33,507
12,301
Net ..
7,.'S8a,-21
Tot. lines oontroi'd. Gross. 2,1.58,857
541,121
Net...
Roads own. Jointly—
Oro.^s.
128,254
Atchison's half
17,863
Net...
Gross. 2,287,111
Grand total
5J8,981
Net...
19°, 803
Bar. Ced. Rap.A Nc... Gross.
31,797
Net...
ChlcBorLANonh-n Gross. 168.131
P^^™"'~"
1,684,915
.„-.,«
deM,732
^,27,y
Chlc.Burl.AQulncy.Grogg. 1,958,146 1,703.344
31291633
Mi5^expre8sVAo"(lnoiuding st«in«hip>).
*?7'ii2
235,835
193.176
27,387
8I2.2S6.6.0
pJXhP
'
.
TotBleaniings
8,086.141
1,683,183
1,210,131
849,618
231,921
918.303
832,032
161,9 J-i
475,: 69
7.745.310
6,272,8.5
MaiMtT^amVof way and
gtruotures
Maii.t ii.inc«of fqnlpuient....... .^..-^.
'rlailoo (uid. sleMuhlp eipensM)
Tran.p
General
def.2,698
•14.916,91*
28.107.831
3.21 3.!iT4
4.07437«
838.7J2.1«
«48.0»0.aiS
i'2SI-?S
•Im^-Tso
i?ii»!aS
'I-iijiS
*•" *•"*
,|-«f*-*"?
13.928.43i
•_ »- «»-» '
Total expense.
rJJ3o9.107
•a0.708.S7ft.
ltlttJls»
•19,437.0.3
»19,9»W4»
;
.
UHE CHROMCLR
7)2
EARNINGS, EXPENSES, KESTAIS, ETC.
1887.
Gross eaminss
Operating expenses
$37,930,162
22,71 2.198
!J!16,699,ei5
Earnlnes over operating expenses
Eentals received
$15,217,963
57 -1,691
$15,990,939
56 6,196
Total Burplus
Eentals paid
Taxes
$15,792,654
$1,937,310
1,022,263
$10,537,135
$1,405,203
768,091
Balance surplus
$2,959,573
$12,833,081
$2,173,354
$14,383,781
30,708.676
ISCOMfi ACCOUNT.
1837.
$12,833,081
703, 'JOS
1888.
$14,3>'3,781
1,583,575
$13,536,284
Total receipts
Disburse men ts~
Interest on liomled debt paid and acciued. $9,364,504
21".' ,487
Interest on notes and accounts
•'ci-. 31^,780
Betterments and additions (net )
$15,967,356
Jieceipls-
275,000
Central Pacitlc Railroad sinliing tin da
Cent.Pac. KR.eiijliiui.'fmu(iuU.S.TrouMiry
Net profit of Central raciiic lints
Balance to make gnar. rental Central Pac.
Net prcflt payable to inopiintary lines (restated) for 1835
43e,i:i7
1,086,733
113,2613
737.508
423.201
162.183
and 18M6
Net
profit payable to proprietary lines
Miscellaneous
...
$12,'>01,323
Total disbursements
Balance surplus
$1,034,959
XLVni.
payment of betterments, in expectation that such a
change of issue would be found of advantage, was acted upon.
A form of bond was agreed upon, and the same was actually
put in process of engraving, while a copy of the same was
through leading bankers submitted to investors for their
was soon found that the safeguards
judgment.
It
which each company insisted upon having inserted
in the bond, for the guarding of their rights imder
the lease, would prevent the more conservative class from taking the bond at all, while the less conservative would only buy
at a price and rate of interest that would make the bond issue
much less advantageous than the stock issue as at present
made. The proposed issue of bonds was thus given up." The
abstract of construction and equipment expenditures shows a
No additions were made to the equipment
total of §354,478.
during the year, though requisitions were approved for 1,600
box and stock cars. Not as much was done as in the previous
year in laying heavier rails, or in stone ballasting, but enough
was done to keep the track in good physical condition. About
$115,000 was expended in replacing wooden bridges with stone
or iron, chiefly in building two viaducts in Chicago. The
stock in
1888.
5,576-04 Miles 5,932-00 Miles
ofKatlroad: of Railroad;
aid > Steamaim Sleamship Lines.
ship Lines.
Net earnings, as above
Otner income
[Vol.
9,920,821
274.815
*722,U19
building of viaducts in the larger places, pai-ticularly Chicago,
must form a large item in future betterment accounts. A
275,<.i00 summary of improvements sho5vs the same to have cost
The
467,217 $13,376,513 since the lease went into effect in 1869.
9ti2.830
amoimt of special stock issued is $13,022,000.
j97,l70
The following summary is given of tbe financial results of
the year 1888:
1,463,0-3
275,032
$14,757,937
$1,209,371
'In 1887 the amount spent for betterments was $1,431,639, and in
1888 $i,4C6,809; repay.ible by leased Hues in 1887. $1,748,424, including $800,914 on aoaount of 1885-6; and in 1883, $3,744,840,
makinij tie net amounts as here alven.
Gross earnings...
Operating and maintenance expenses
A
4,281,925
decrease of
New
Castle
$1,461,^88
& Beaver Valley RR
Total ret receipts
Less 10 Clevo. & rtttsburg
18,100
*2,838,13'7
RR.
$2,712,752
the year ending Dec. 31, 1888.J
From
the Southern Pacitic Company's report we have tlie
Central Pacific earnings and income account for 1888.
The earnings and operating expenses of the roads owned,
including the ferry and transfer steamers, for the year 1888,
compared with
1887,
were as follows:
The lessee has paid:
Dividends en original Fert Wayne stock
Dividends on guaranteed special stock
Interest on bonded delit
$1 380.000
787.103
*?Q'AMn
n^i sna
8
19,000— «,
$3,054,80
Aliseellaneous
$;i42,055
10 4,100
Paid into sicking fund
EABStSGS AND EXPENSES.
1887.
Gross earnings
Operating expenses
$13,604,682
7,271,924
Earnings over oper.ating expenses........
Percentage opcr. expenses to earnings...
Average miles of road operated
$0,332,758
53-45
1,348-03
1888.
$15.8S8,>-33
9.632,008
$6,200,765
60-81
1,361
INCOME ACOODKT.
EECEIPTS.
1887.
Guar, rent.-il, pay.able by Soutbern Paolflo .. $1,200,000
Dividends on slock owned
7,200
Sinkingfundsof tne Co. and int. earned. ...
807,419
U. 8. requirements paid by So. Pao. Com
436,137
Landaales
469,279
Total
$2,920,036
1888.
$1,360,000
672,00.5
467,217
268,667
$2,767,8:9
PAYMENTS.
Sinking fund receipts. United States requirement and I.aud shles, as above, applicable
wben used to the payment of debt, and
not availa' le for divideids
$1,712,836
Dividends, 2 p. ct
Apparent lOES
nrTzni:::..:.. $1,712,830
Balance, surplus for year
$1,207,200
Items not Heretofore carried to income ac't. cr.302,319
Also surplus of Income aoooant, Deo. 31
1,950,271
Miles
owned .fcoper.
$3,459,791
..
$1,407,889
1,34.5,510
3.720,331
3 705,992
3,517,624
3,121,607
Passen'e'niUeage.. 129,208,401133.091,642 142,578.651 146.230,243
2-330
ets.
2200 cts.
2-328
ots.
2-420
cts.
Ra?e nefniSs P mili
5,058,839
4,970,496
4.1-0,109
3.873,005
FreiclitUus) carried
874,604,510
941,661,006
97-2
793.824,454
565
719
E^e ght tons)
u-97 otS
1-01 cts.
0-93 cts.
1-07 cts.
Iv rate p.tonp mile
• Company's freight not included.
Earnings-
0107*0^8
Passenger
3,138, i23
1888.
27.5,0(
467,217
562.606
169,j75
$14,882,032
$9t;2,831
Eantdl payable by South. Pao. Co
$l,i00,000
$1,360,000
397,170
Chicago.
{For the year ending December 31, 1888.)
P.c.of op.ex.to earn.
12,841,029
9,127,199
4,837,455
59-70
4,814,241
60-92
4,767,067
64-71
3,713,830
Chairman Meyer says that the lessee company
payments for the year as required by the lease.
of
During the year Mr. Cliarles Lanier piurchased for the sinking
fund $68,500 first and §135.500 second mortgage bonds, making
tire total amount held Dec. 31 1 888, §5,042,049. The trustee holds
cash to theamount of $1,135,649. Hon. G. W. Ca.ss, lately one
3.489,.501
71-08]
INCOME ACCOCTNT.
Reeeipls—
Neteaniliigs
From laud depaitm't
Inc. from prop, roads
Prc'j). ou bonds. Ac .
Chic. K. & Neb. int..
Totalincomo
Disbarsemtnts—
Rent leased roads ..
Interest on debt
Add"u and imp. acc't.
Miscellaneous*
Dividends
Rate percent
Total dlsbiu-scmenta
Balance, surplus....
•
t
all
13,509,727
8,742,060
7,501,809
3,459,791
$3,460,774
$1,086,733
113,267
has made
12,319,0.50
Gross earn iDgs
Operating expenses
13,.iOU
$12,532,474
The report
12.004.348
7,166,893
$14,490
rfr.
$15,844,803
$9,960,511
Wayne &
3,367,001
8,440,120
1,033,608
2'i,V,.?X
7,713.659
1,163,431
Net profit for .year underlease
Balance to make up rental
Pittsburg Fort
8,801,354
l,21-,872
Mall,BXpr's,r'nts,c&c
3,749,81)3
275,000
4n6,137
220,379
3,097,916
8,037,453
1,183.681
$2,753,309
1837.
$13,619,207
$7,850,564
Sinking fund requirements
United States requirement
Betterments and additions
Miscellaneous
1887-88.
1,592
mX
The operations under the lease and the result to the Southern Pacific Company, lessee, for the years ending December 31,
1887 and 1888, were as follows:
Gross earnings, railroads and steamers
Operating expenses, taxes, rental, Ac
Interest on funded debt
1886-87.
1,527
1885-86
1,384
1884-85.
1,384
Pa'«irn"et°8'crrrled.
Net earnings
Balance, Dee. 31
$146,155
for the year
Chicago Rock Island & Pacific.
(Tor year ending March 31, 1889.^
At the annual meeting in Chicago the old Board was reelected without change. From the report received at a late
hour the following figures are compiled for the fiscal year;
and the reijort will be published in the Chronicle more fully
next week.
OPERATIONS AND FISCAL RESULTS.
Freight
Total
125,385
for division joint earnings..
Central Pacific.
fFor
$9,949,398
7,129,361
f2,820,0i7
Net earnings
Net in 1887
Net gain
-...-..
•-
188.5-6.
1886-7.
$
$
$
4,314,240
230,000
4,837,455
310,000
5,044,240
5,147,455
$
301,99d
1,213,250
463,000
164,784
2,937,186
303,762
1,320,667
7
7
170.922
2,937,186
$
3,713,831
220,000
193,170
844,000
130,000
682,498
114,487
1,416.442
t
6,024,837
6,057,259
411,400
1,810,778
:l,865,T33
2,282,210
206,383
3,010,518
229,726
2,653,824
$
534
7
4,732,537
311,703
5,080,215
67,240
1888-9.
1887-8.
4,7ti7,667
5,439,034 7,031,493
585,753 def.974,235
Includes rental and tolls Mo. River Bridge.
Net earnings of lines west of the Missouri River from June
'"•""includes 'rental paid to C. K.
18*89.
Chicago
&
N. from June
& Western
1,
1337, to
1,
87,
March 31
Indiana.
December 31, 1888.^
The stockholders of the Chicago & Western Indiana Railof the trustees of the sinking fund, having died, the court ap- road Company met in Chicago, and the following gentlemen
pointed John N. Hutchinson of Philadelphia as his successor. were elected directors for the ensuing year O. S. Lyford,
Mr. Hutchinson began his duties in January, 1889. The follow- Chicago & Eastern Illinois Railway Charles M. Hays, Wabash,
ing remarks by Mr. Meyer are interesting "The idea mentioned St. Louis & Pacific Railway W. J. Spicer, Chicago & Grand
in the last annual report of substituting a bond issue for special Trunk Railway W. O. Johnson, Chicago & Atlantic Railway
,
CFor
the year ending
:
;
:
;
;
—
June
:
THE CHRONICLE
8, 1889.J
New
&
Albany
(^icngo Railway
B. Carson, Ijouisville
California Kjiilwiiy.
J. V. fi<MliIar(l, Cliioafjo Santa Fe
I.'.
W. Inil. and the Belt Line conipanita cltH-toil
Botli thi'
the following oIKcers : Preaident, John B. Carson; Vice PresiJohn
&
;
&
dent and General Manaf;er, B. Tlioinas; General Solicitor, (,'.
jr. Osborn; Secretary and Auditor, M. J, Clark; Treasurer,
John E. Muruhy.
The annual report, as published
in the Chicago pai)ers (the
being out) show(?d that there wenof which .51 miles were leased to the
The following figures are for the year
official ri'iK)rt not yet
135-8(( inilos of track,
Belt Line Company.
ending Dec. 31, 1888:
9742,880
30,P0O
21,700
114
70,730
1,500
Discount, interest and exohaoge
MlscollaneoU'i oarnluga
Total revenue
.'?i69,923
F.xpensen —
Trustees' commission
(
houses
ttk*
Ll»>
old Board of Dlirctnr*
waa
re-elected.
Atlantic
t Pad IIP.— At
th/> nnniinl moetlng of the AtlaaHo
Pacific KR. Co. held Miiv HI, the following dirMitonwen
elected
E. K. Winslow, J.«^«> .S-ligman. W. K. BiirVW W.
L. Frost, Bryce (}rav, F^dwiird H. Pardon, W. F(
U.
P, Cheney, (ieorge 0. .Magoim, J. J. McCook. All
,i-,
L. C. Wade and J. .\. Williamnon.
The director* chu«i aa
officers: President, J. A. WilliamiMm
Secretary and Tna»
urer, H. W. Gardiner.
Mostirx. Pardee, Magoon, McCouk,
6
:
•
525.531
$344,3S7
$782,758
GBKERAL BA^LAKCE SHEET.
Cost of property
$15,166,990
1, 06.^,677
$116,558
35,293
86,095
& Co
hand
$16,511,39(1
Liabilitufi,
$5,000,000
2,23^,000
6,39ri,0h'0
139,517
9,9'.;5
..
Income account
1,895,304
54.223
782,758
$16,511,396
Total
for
payment
SCNBURY HaZLKTON
SC
WlLKRSBiUIM.— Bond«
Xoa.
tM,
216, 878, 888, 449 and 453, of «1,000 each. Kos. 790, 1068 and
1107, of $500 each, and Nos. 1244, 1248, 1274, 1878, 1058, 1749,
1918, 1970 and 1997, of $100 each.
&
Vrrmilio!!
Coal.— Bcoda
Noa.
%U, 271, 888. 888,
ceaMa Jnly 1, and booda wUl
be paid on presentation at Farmers' Loan A Trust Co., N. Y.
Canada Soathcrn.— At St. Thomas, Ont.. June 5, the annnat
meeting of the shareholders of the Canada Sotithom Railway
Company was held. Cornelius Vanderbilt. William K. Vanderbilt, James Tillinghast, Anthony U. Dulinau. Chas. F. Cox.
Samuel F. Barger, Sidney Dillon, Joseph E. Brown and Edward A. Wickes were re-elected directors. Reaolutiona for
the act^uisition of the Erie & Niagara and the Leamington ft
and
\6.\ 187. 845, 854,
Interest
331.
railways were unanimously passed.
Chlcasro Mlhraiikee & St. Panl.— At the annual meeting
held in Chicago June 1, the stockholders electe«l the following
Hugh T, Dickey,
directors to serve until September, 1890:
Peter Geddes, J. Hood Wright, Frank S. Bond. George C.
Magoun, August Belmont, Jr., A, Van Santvoord, Samuel
Spencer, Wm. Rockefeller and Joweph Millbank, all of New
\ork; Roswell Miller and Frederick Layton, of Milwaukee;
and P. D. Armour, of Chicago. The 4' per cent refunding
scheme was adopted, which is mainly a plan for refunding old
bonds into long 4 jier cents as fast as the old bonds inatnre.
and also leaving the company a surplus of the new 4 per cents
for new capital outlay when" required. In the new airectorr
Co. are represented by Messrs. J.
Messrs. Dre.\el, Morgan
Hood Wright and Samuel Spencer, while Kidder, Peabody ft
Co. are represented by George C. Magoun, and August Belmont Co. by August Belmont, Jr.
Chicago & Northw stern.— At Chicigo, June 6. the annual
meeting was held. The old Board of Directors was re-elected,
except that Mr. F. L. Ames was chosen in place of Mr. D.O. Mills,
resigned. There were 376,068 shares of stcK-k vote<l. The old
Only
officers were subsequently re-elected by the directors.
the following verv hrief "financial statement was made: Orosa
interest
and
taxes,
earnings, $2.'"),648,"»64; operating expenses,
sinking fund, $21,584,261; net income, $4,064,703; dividerds,
7 per cent preferred stock and 6 per cent common stock, $8,46,504; surplus, S620,199; net for lines west of Missouri River,
$188,822; total suriilus, $759,022, This appears to be $856,000
less than the surplus of 1887-8, which was $1,415,800.
&
BELT RAILWAY.
The Belt Railway Company's
CallotI
St. Clair
237,047
40,780
Capital stock
First niortKaKelionds out standing
Gcnei"tl moi t^a?e bonds uiittrtandlng
Vouchers iind current accoimtsj
Coupons not pres Mited
BlDkiUK funds paid in
Interest accr.led on bonds ....................
new members of the board.
Bonds.—The following bonda have been called
Spcare and Williamson are
808, 309, 321
Surplus for year
Total nominal surplus Deo. 31, 1888
Materials on
The
as heretofore.
1,
5, IS. 16, 20, 31,
517
£.\pcuseof deirlck
Accounts due and unpaid
Cash in Trustees' liands
Cash in Tieiisurer's hiinis
Cash Willi Dio.\el, Morgan
cember
Chio&oo Wilminoto!*
m, 69, 82,
.$520,020
3.0i6
1,959
otiarges.
£xpense<
road to be in excellent conditioo. The flacml rc«r of
wait ohauKed eo as to end Jane SO, taMl«Ml oT
company
;
AVrrMi«
Rentals from Ipsrcoh
K«iit»ls from Indiuna elevator
Rcuiiils from houtix and lands
Kpntiils Trom dcrrli'k
Inteest
7W
financial statement
was
as
follows:
&
1883.
$422,6'22
Gross earnings
Operating expenses
428,316
$5,693
Excess of operating expenses above earnings
^;^....
$1(^,005
Rental
27,600
Taxes
127,276— 254,881
Accrued Interest en floating debt
$260,575
Total deficit
Construction of additional sidings during the year amounted
to
$16,920
:
Talley Railroad of Olilo.
December 31, 1888.^
The report of Mr. J. H. Wade, President, calls attention to
the fact that the earnings in 1888 were well sustained, while
("For the year ending
railroad earnings in general were falling off. The property
has been fully maintained and many improvements made.
The accounts were as follows:
EAKNIN08, EXPENSES AND CHABQEB.
^I'Sg.
1887.
1886.
Earnings*'33,912
$116,027
$ 26.210
Passengers
490.614
21,808
522,564
22,620
519 964
Total earnings
Operating expenses aLd taxes
$628,449
339,163
$671,394
371,216
$678,399
386,760
Net earnings
Deduct interest
$289,288
250,172
$300,178
252,453
$2il
Freight
Maii%xpres8","4c:il
24,523
1
,639
Cleveland Col. C.
&
I.-€ln. Ind. St. Lonis
tc
Chlcajro.-
Jui.e 1, Judge Stone refn.sed to grant Stevenson Burke's petition for a temiiorarv injunction restraining
the Bee Line and the Big Four railroads from consolidating.
In rendering his decision, Judge Stone held tliat Burke waa
mistaken in the declaration that the Bee Line and Big Four
are competing roads, and t'lerefore the consolidation is lawful.
As to the creation of preferred stock in greater amount
than previously held by the individual companies, the Judge
thought if the Legislature had intended to prohi- it such iasne,
The hearing for a permiinent injuncit would have said so.
tion will be brought about within a few weeks. After that
the case will go to the Circuit Court, if carried up.
At Cleveland, O.,
Denver & Rio firando.— At Denver, Col., Jime 3, the annual
of stockholders was held and the Board of Directors
meeting
$31,675
$17,725
$39,114
Surplus
was elected as foUows: D. H. Moffat and W. S. Cheeai^n,
Denver; George CoppeU, R. T. WUson, Adolph tngler.
Cape Fear & Yadkin Valley.
"»«**
Da Costa and Joseph R. Busk. New York: J. Lowber
March
1889,^
31,
ending
year
fFor the
the
and Edmund Smith. Philadelphia. The only change
The report states that business on the entire line shows a Board Ls the election of Messrs. Buak and Smith in pta«i of
Bteadv improvement, and factories, mills and other industrial Messrs. Mintum and Stadiger, resigned. Beyond omHrii^iaU
imnortant bntuesa
improvements are being erected at different points.
acts of the Board for the past vearno other
The comparative earnings have been as follows:
was transacted. Mr. Edmuntl Smith one of the newly-elected
259,964
C^ea
m
.
Eammas-
1887-8.
1888-9.
$63,527
199,086
28,977
$81,330
124.480
$291 .S90
148,818
$347,635
185,237
$111,580
$142,774
$162,398
1886-7.
Passengers
'*''•?.??.
FrclKlu
Mail, express,
*c
lt)5.795
22,9''^
$236,0«.'-.
Total
Operating expenses
Het earnings
23.^,033
31,270
GENERAL INVESJMENT NEWS.
The
reports of the officers
showed the
attairs of
was formerly Vici-President
of «»«; Pz-nnsyl^*"'*
Midland lBoa«>dU
Railroad; Mr. Joseph R. Busk Ls of the Colorado
and the latter company a short time since eleoteil Mr. «•««•
din.>ctoror
CoppeU. of the Denver ft Rio Grande Board, a
their company.
Smith
Marietta k North (;eorgla.-Vice-Prerident Lenox
(Jwirgia Railway was made a
states that the Marietta & North
running
standard gauge on Saturday last. All trams are
sinoothlv.
Maryland Central.- A mortgage deed on all its ,
from the Marvhuid Central RaA^av Company to the
Baltimore. /»'
tile Trust & U-|x»it Company of
•^f^J *«;
interest to «>^^~J™f
to secure the i«vment of bonds and
with
complettngconnecUoM
road
the
of
gauge
the
widening
line
a
constructing
and
road,
Bottom
Peiich
&
York
the
tonowmgo Valley,
the Belair to the Su^juehanna River, through
Alabama Great Sonthcrn.—At Birmingham, Ala., June 1.
the annual meeting of the Alabama Great Southern division
held.
of the Queen and Crescent system of raihroads was
President Charles Schiif presided at the meeting and represented the interests of Baron Erlanger and the London stof'cholders.
directors,
i
Mm
THE CHRONICLE.
764
was
filed for
at Baltimore.
record in the clerk's office of the Superior Court
The bonds are to bear five per cent interest.
—
Mexican Central. The new securities called for by the
trust certificates issued by the Boston Safe Deposit & Trust
Company, in exchange for the assented 4 per cent bonds and
income bonds of the Mexican Central Railway Company
{Limited), deposited with them under the President's circular
«ated January 30, 1889, are now ready for delivery at the office
©f the Trust Company.
—
Missouri Kansas & Texas. Judge Brewer of the United
States Court has authorized receivers Eddy and Cross to
forward to the Union Trust Company of New York an amount
necessary to pay the semi-annual interest at 7 per cent on
^1,000,000 of the BooneviUe Railway Bridge Company's bonds.
—
Monterey & Mexican Gnlf RR. Co. Tliis company has
from the Mexican Government its concession for
its extension from Monterey to Venadito, a distance of 75
miles. The main line from Monterey to Tampico is now being
ojwrated for a distance of 40 miles, and it is expected that by
the last of August an additional 60 miles will be in running
order, as the material is all on the ground and the work is
now received
'
I
The
incomes, $1,778,000 of Georgia Pacific 2d mortgage incomes,
and $738,100 qf Richmond & Danville stock.
The new collateral trust mortgage 5 per cent bonds of 1889
are for an authorized amount of ^24,300,000, secured by a first
Uen on the securities named in the second column below and
a second lien on the securities pledged for the collateral tnist
bonds of 1887. The bonds under this mortgage are to be disE)sed of as follows, namely: §5,500,000 reserved for the colteral trust bonds of 1887; $4,000,000 to retire the $5,000,000 of
R. T. preferred stock; $4,000,000 to retire the Georgia Company's
5 per c'ent ti-ust bonds of same amour.t; $739,000 to purchase
the 7,390 shares of Richmond & Danville stock not owned by
Terminal (lately effected); §2,450,000 reserved to acquire the
35,000 shares of Central Railroad of Georgia not owned by the
Georgia Company; $1,768,000 to acquire the 44,210 shares of
East Tenn. Va. & Ga. 1st preferred stock not owned; §5,000,000
the remainder of the issue,
bonds now offered for sale
$843,000, to be held by the trustee till the 6 per cent bonds of
1887 are retired.
There are $2,500,000 of Richmond & Danville stock pledged
as security for the Richmond Terminal preferred stock.
The $5,000,000 bonds to be sold by thelCompany principally
to pay the loan contracted in the purchase of Central Georgia
RR. stock are now offered by Messrs. Maitland, Phelps & Co.
andKessler & Co., at 86 and accrued interest, and they are
reported by them as being nearly aU taken.
;
being vigorously pu.shed.
Nashville Chattanooga & St. Louis.— The Beard of Du-ectors has decided to raise the par value of the stock from twentyfive to one hundred dollars, chiefly as a matter of convenience
both to stockholders and the company itself. Tlie exchange of
stock will probably be made on or about the first day of July.
The
'
Connecticut Senate has passed the biU authorizing the N. Y. N. Haven & Hartford RR. Co. to increase its capital stock $35,000,000, provided
that it shall not excliange its capital stock for the obligations
of any railroad wholly outside of Connecticut.
Northern Pacific— Union Paci tic— Oregon Railway
&
—As a result of the negotiations recently i)ending,
out in Boston on Thursday:
Memorandum of agreement between
JLdams mil 1e this 4th iliiy June. 1889:
agreed
T.
Oakes and Charles F.
F.
both jiartiesthatall the stock
of the Oregon Railway
Navigation Company ihey can control or influence shall, at the meetA
ing to
Portl.an^, June 17 next,
held
voted for lioard
1. It is
liy
1>e
be
at
a
to consist
of the persons who may 1)'^ selected and agreed upon betwo-n Henry
Villard and General C. M. Dodge, at a meeting to bfl held be tween tliem
»t Portland, Ore., prior to the above mentioned date. On liehalf of Mr.
Vlllaid and duly authorized thereto by him, Mr. Oakes agreed that the
Oregon & Trans-Continental Company's holdings of Oregon Railway &
Navigation stock shall l>e voted for the board, as agreed upon lietwecn
Messrs. Villatd and IJodge, as above provided.
2. it is further stated that ihe under ignd agree to the fol'owing
policy to be pursued in tlie management of toe O. U. & N. Company
alTHlrs, and pledge tdemselves to use their influence to cau*e the same
*o ha adopted in good faith and in tlie Interests of peace and good managemeui between the companies they represent tiy the Board of Directors above agreed uron
(a) Tlie maintenance of the lease of Ihe prop-«rty of Ihe O. R. & N. to the Oregon Short Line Railway Company at
:
The modiflcation of the lease aforesaid in certain respects as heretofore anproved by the Oregon Short Line Railway
Oompauv. as appears in Sehelule "A" hereto anne.Ned. (c) The asthe present renta'.
(b)
•umptioii liy the O. R. & N. Co.. In conformity with the terms of the
iease, of the Oregon E-vtension Company and the Washington A- Idaho
<!ompanieh' lines and branches, (d) The dismissal of all litigations affecting the construction of these lines now jiending in the courts of
Jfew York.
3. It is agreed between the parties hereto to do all in their power to
weach and carry out in good faith a trackage contract upon the basis
now under consideration between the Oregon Short Line as lot-see of
*h6 O. R. & N. and the Northern Pacific Railroad Company.
4. It is believed by both tlie parties hereto that the continued hoMing
X>y the O. & T. Co. as at present of a majo ity of the capital stock of the
O. R. & N. Co. can no longer serve a useful puipose, but will continue
to be an embarrassment to the proper and Btril>ie management cf the
-O. R. & N. Co. They therefor.! agree to recommend the early siiln of
4noh holding?, in sich a way as shall be most protltablc to its atockliold.erg, but which shall at the same time insure ihe disiribution and di-poB»l of the stocks held by it among its stockhol Icrs and private investors, to tiie end that Ihe same cannot be used to control the managefsenc or policy of ihe O. R. & N. Comiiany. The parties hereto
igrrfi therefore to r. commend the early sale of the O. R. & N. Comiiaiiy
holdings aforesaid, and this matter it is understood shall be discussed,
and it IK ssible disposed of. between Gen. G. M. Dodge, representing the
Oregon Short Line Company lessee, and Mr. Villard, represe- ting the
O. & T. Company, at Portland, prior to the election of June 17th and
jpreliminary there'o.
5. It is further understrod and agreed that the bonds and money
.now in the treasury of the O. R. & N. Co., or reserved to it for the purpose of protecting said companv in the matter of the Oregouian lease,
ehall be used by the incoming Board of Directors for the boneflt of the
property, and so as to relieve the Oregon Short Line from the burden of
*he unmo llfled lease, so f tr as can legally and properly be done.
a$^
Ch.vrles F. Ad.ims,
The above is agreed to between us.
T. F. Oakes.
jjS;
Pennsylvania Pouglikeepsie
quehanna & Western. —A
& Boston— New
W.
M
Terminal.
-iiB.
the date
given in the
at
i.ie sBciuiwra Buiti
Columli'a & Greenville
Rich. * West Point Term...
Blue Ridge & Atlantic
Knox\llle& Augusta
Daiiv. Mocksv. & Southw
Richmond & DanvlUe
lien,
lien.
1,325,000
4,110,000
1,325,000
4,110.000
315,000
100,000
299.000
160,000
625,000
1.397,000
315, OCO
625,000
1,397,000
215,000
21."^,'i00
6,000,000
6,1500,000
3,168,:J00
3,16O,0C0
1,000
1,000
33
250,000
.
3,577,333
470,000
.^,168,300
3,16 ',000
1,302,400
1
3,100.000
,3(,0,000
1,000,000
I,i0l',<i00
120,000
""l20,or6
1,047,981
1,040,CC0
100.000
49,000
1,769,!>00
4,2«1 ,000
4,370,000
4,378.432
325,000
Oxford A Henderson
300.000
Riclimmd* Jfeoklenhurg..
1,500,000
Wash. Olilo 4 Western
500.000
Statesvllle 4 Western
12,000,000
Georgia Company
250,100
stocks
Other
Georgia Paciflc
""300.000
1,500,000
ir.996;6bo
29,962,000
17,296,900
SrrcKS, CONSTRCCTION Cos.4,."00
Rich. ADanv. Extension...
"
90 p c. paid .... 2,607,150
25.000
Co..
Constriction
Amfrlcan
47,900
Greinv. Construction Co...
Savannah Americns
& Montgomery. — The
Mercantile
of Baltimore is the trustee of a mortgage for
$4,100,000 authorized by thio company. The bonds are for 30
years, bearing 6 per cent interest, and are issued at the rate of
612,000 a mile. It is proposed to take up outstanding prior
Bens to tlie amount of $358,148, issued by the old company,
Lumpkin also to change the gauge
the Americus Preston
to standard, and to extend the road eastward to Savannah,
Ga., and westward to Montgomery, Ala.
Trust
Companv
&
;
Scioto Tallcy.— The holders of second mortgage certificates
Trust Company can get 90 per cent
of the Farmers'" Loan
of the face value of the same upon presentation of certifito
cates at the Trust Company, or their bonds wUl be returned
holders of certificates if they prefer it. The committee thinks
the settlement at 90 a good one, and advises holders to take it.
&
City.— Tlie work of widening
& Kansas City Railroad to
standard gauge was completed on Saturday, June 1, and the
standard
entire 450 miles from Toledo to St. Louis is now
gauge The time within which the work was to be done has
necessary
been anticipated by about thirty days, and as the
new equipment is being delivered, through train service wiU
of
be begun as soon as possible. Thus disappears one more
furnished with
the narrow gauge roads, and St. Louis is
another standard gauge trunk Une to the East. The gross
are
earnings are showing a large increase over 1888, and they
reported weekly by the Chronicle.
Toledo
St.
Lonis
& Kansas
the track of the Toledo St. Louis
—The securities owned
x-iiuiaiiv*
Oollal. trust
of '87 1«I
of '89 2d
$
Common—
Virghiia JTidland
Western North rarolina ...
Charlotte Co'. * Augusta...
Colombia * Greenville
Northe.i stern of Ga
AshevilleA Spar anburg...
Yorii Sus-
, LLg,L.,^a.
Isl lien.
195,000
.
.
of
wcik «h,uvo,wo ui
..
Stooks, Preferred—
East Tcnn.Va. & Ga Ist pt.
Western North Carolina
traffic
& West Point
company
M...
Ga. Pac. Mort. Inc.. 58
Ashv. A Spart., 2d M., 6s.
Oxl'd & Hend'u, 1st M.,6b
SrorK",
eol. trust
89 as
$
N. Car.,Gs, Ist Con. M...
,
the last annual reInvestors' Supplement.
port have been
Some changes have since been made, however, and below will
be found a list of the securities now owned by the company,
showing those pledged for the collateral trust bonds of 1887,
those pledged for the recent collateral trust bonds of 1889, and
Ihose not pledged at all, but held in the company's treasurj'.
The collateral trust mortgage of 1887 was for an authorized
Amount of $8,500,000, but certain securities pledged therethis
by B.
Knox. & Aug., 6s, Ist
Blue Ririge, 78
Rich. & Mecklen 68, 2d M.
Was'i. O. & W.. Incomes
stead of building will use the line of the latter for a distance
of 18 miles between Swartswood and Hainesburg.
Bichniond
Covered by
Total owtied
<e T. Co.
1
6s,2dM
Northeast, of Ga, Gen.
arrangement has been entered into between these companies by which the former in-
by
of securities are as follows
Bonds—
New York New Haven & Hartford.— The
summary was given
lists
—
>
'
total issue of stock is $6,668,531.
^Navigation.
the following
[Vol. XLVIII.
Wabash Ea.stern.— Articles of incorporation of the Wabash Eastern Railway have been filed in different counties
is to exin Illinois by the raih-oad officials. The line of road
tend from the Indiana line through IlUnois to the Mississippi
Hamilton
River, at or near Quincy, East Hannibal, Warsaw,
The
or Keokuk and a route from Cliicago to East St. Louis.
George W. Smith, Alexander M.
capital stock is $12,000,000.
Pence. John Maynard Harlan, Charles Henrotin, of Chicago,
I
and John W. Bunn of Springfield are the incorporators.
:
JU.NK
P, 183».
:
;
IHE CHRONICLE
I
2^epotrts
and
iloctiments.
OthtrLtattI
765
Unit—
Ctntral I'arlfloRR
Orcfon A Callfoi nia RR.
CaliromlaPaoldoRR ....
SOUTHERN PACIFIC COMPANY.
««•
lU-4*
Total..
ANNUAL REPORT FOR THE YEAR
San Francisco,
To the Stockholders
The Southern Pa^jiflc
Company
is
188?.
Total Patlflo
Cal., April 80, 1889.
went mto operation.
PROPRIETARY PROPERTIES.
Of the t<.tal capital stock of proprietary lines named below,
amounting at par to the sum of $143,678,252, the amount of
$140,257,300 is owned by the Southern Pacific Company, as
shown by Controller's Table No. 2. This stock has been acquired by issuing stock of the Southern Pacific Company at
par and receiving in payment therefor stock of the several
railroad companies named at the rate set opposite each, namely:
Per cent,
60
60
60
450
100
150
60
100
Eoutbem
Paclllc R> ilroad Co. of Cal'foiniaat
'•
of Arlznnnat
"
"
"
of New Ml xico at
Morgan's La. & Texas Railroad & Steamship Co. at
Louisiana Western Railroad Co. at
Texas & New Orleans liailroad Co. <f 1874 at
Galveston Uarrisbiir« & San Antonio K»Uway Co. at
Nortlieru Railway Co. at
'
&
The
acquisition of the capital stock of Morgan's La.
Texas
Steamship Co. carried with it the proprietorship of
the Gulf Western Texas
Pacific Railway Co. and several
transportation lines in Texas and Louisiana.
The Morgan Company also owns a majority interest in the
capital stock of the Houston
Texas Central Railway Co.
and this laijt-named company owns a controlling interest in
the capital stock of the Texas Central Railway Company.
&
&
&
The Houston
& Texas Central and the Texas
Central railways
are at present operated by receivers. Their opsrations do not
therefore appear in this report. The terms for tne reorganization of the affairs of the former company have been agreed
to, and are now being carried out.
For cash and for obligations assumed by the terms of leases,
the stock has also been acquired of the South Pacific Coast
Railway Company and the New York Texas Mex. Railway Co.
Further exchanges are being made for additional stock of
some of the above companies, so that the Southern Pacific
Company ha.s practically the ownership of them all. These
properties therefore, though separate corporations, comprise in
effect the Southern Pacific Company.
The company also owns 41 ,721 shares of stock in the Mexican
International Railroad Company of the par value of $4,172,100,
out of the total capital outstanding, amovmting to $11,835,500.
For these shares the Southern Pacific Company Lssued its stock
to the amount of $834,420.
As the stock owned in this line
is not a majority of the whole, and as it is not operated by the
Southern Pacific Company, its financial affairs do not appear
in tliis report.
&
LINES OPERATED.
For purposes of operation, the lines are divided into two systems. The Pacific system includes all lines west of El Paso,
Texas, and Ogden, Utah. The Atlantic system includes the
railroads between El Paso and New Orleans and the steamshi[) lines running from New Orleans to New York, Havana,
Florida, Mexico and other places. The following is a summary of the miles of road in operation, showing also the mileage of proi)rietary lines separate from that of the other leased
Imee.
MILES OF RAILROAD OPERATED DEC.
PACmc
31, 1689.
Bystem.
—
Proprietary Line*
Poutlicrn racltlc
RR.
Total
1,'24401
of California
Southern Paoiflc KR. of Arizona
Southern PaelHc RR. of New Mexico
South raclflc Coast Railway
Hurthern Railway
«
884-74
171-06
104-00
390-48
2,?94-29
i.MO**
Syium
IJ«i-n.
=^=SB
ATLANTIC SriTKM.
Proprlelary Litu*—
Mornau-.
A Tezw RK
RR
Texan A New Oileana RR
."•"!. ...'.'.'."..'""'
OalTeaton HarriiburK A Saji Antonto Riiilway".!!""
Oulf Wcatern TexM A PaelBc Railway
New York Texai A Multan Railway
a corporation created by
Bpetial charter from the State of Kentucky, authorizing it,
anionp other thinga, to contract for and acquire, by purchase
or otherwise, stix^ks. bonds or securities of any comjmny, corporation or a.ss«iation; to enter into contracts in respect to the
construction, establishment, acquisition, owning, equipment,
leasing, maintenance or operation of any railroads, telegraphs
or steamship lines, or any public or private improvements;
and to buy, hold, sell and deal in all kinds of public and private stocks, bonds and securities.
The capital fixed by the charter was $1,000,000, with power
to increase the amount from time to time, as might be determined by the board of directors, with the approval of at least
two-thirds in interest of the stockholders. In 1884, the original amoimt of $1,000,000 was paid in cash and the authorized
capital was increased to $100,000,000.
With the issue of
$8. ,076,200 of this new stock, the greater part of the capital
stoc'k was acquired in the proprietary lines included in the
Omnibus lease. For the purpose of acquiring the proprietorship of additional lines, the authorized capital was nxed in
18H8 at $150,000,000.
The practical operations of the company commenced March
1, 1885, on which date the Omnibus lease went into effect.
On April first following, the lease of the Central Pacific lines
Railroad
-
Ix>iilalaDa
ats-flA.
•••^^
lioulalaua Wcatern
ToUl
Atlantic Byttem.
'Si-
M^
...
Total proprietary Hum
Total other leased lines
Total
113-OB
i.u:-i«
a.Ml-4ft
;
'...."'.'.*."'.
IMoZ
Tni«f
all lines
^
*''® "*^^« mileage, there are second
tncts
. ^o^l*"^?"
for 28-28 miles on the Northern RaUway, for 8-9fl
miles of tha
South Pacific Coast Railway, and for 7-84 milt* on the
Centimr
Pacific Railroad. There were also 82-97 additional
milea of
the Southern Pacific Railroad of California completed
at the
close of the year, but not in operation at that time
rhe line between Mojave, Cal., and the Needles, amountinft
to 242-61 miles, does not appear in the above table, thi.ugh
IS
apart of the Southern Pacific Railroad of California and
covered by
il
is
80-year 6 per cent btrtids. This line u iierpetually leased and a contract is delivered for its sale to the
Atlantic
Pacific Railroad Co. That company pays as rental
an
amount equal to the interest on the bonds which were issued
on the line at $30,000 a mil^. This rental.-amounting to tb«
annual sum of $436,266, appears in the income account of the
Southern Pacific Company, as the interest jmid by this companv as less* e of the S. P. R. R includt-s that on all the l>ond«»
The steamship lines of Morgan's Louisiana & Texas Railroad
Steamship Company, together with the floating e(juipment of the transjiortation lines owned by the same company,
are shown in detail in the accompanying report of the tieneral Manager of the Atlantic System. "Of the eighteen oceaa
steamships there named, four are chartered.
its
&
&
TERMS OF EXISTING LEASEf.
All the lines ofjerated by this company, whether owneif
through tne control of their capital st<x:k' or not owm-d, areheld under long leasee. The terms of the several leaisea ai»
briefly as follows
—
Omnibus Lease. The lease which has received this name
includes the lines forming nearly all of the Southern, or
" Sunset," route from San FVancisco to New Orleaius bv rail,
and thence to New York by steamer, together with their lateral lines and branches,
The lessor comi>aniee are proprietary
lines of the Southern Pacific Company, tlirough the ownership
of their capital stock. This lease went into effect March 1,
1885, as to the lines then owned by the parties thereto.
lin
1888 the Southern Pacific Railroad of California consolidated
with other lines and all of thetse lines, excepting the Stockton
& Copperopolis Railroad, have been included in the lease fraa
July 1st, on the same terms and conditions that apply to tile
original lines. By a si^bseauent agreement the ^ockton 4t
C<>ppcroi>oIis Railroad will also be included on the same terma
from January 1, 1889. Under this lease the leasee is to operate all the lines as a single property, to receive the rents amK
profits thereof, and to pay the ex|)ensea of operation, maintenance, taxes and interest on bonded and floating debt. Ili»
net profit remaining after the payment of these expenses and
charges is divided annually among the parties thereto, acoocding to the following fixed propoitions
;
:
PtrCml.
Southern Paoiflo Itallroad Co. of California
30*ia
Soutbtm Pacillc Railroad I'o. of Aiizona
IS
Southern Pacillc Railroad Co of New Mexico.
4
MurKan's l.«uls1»nii ii Texas RR. A SS. Cu. (Incladlng Oulf Western Texan A I'aolHc R'y)
Louisiana Weoteru Kal road Co
S«(t
Texii.s >t New Orleans Railroad Co
7*if
Gaive^tun HarrlsliurK A San Antonio B'yCo
IVh*
Southern PaciHc Company
7l>it
<S^
100
Betterments and additions to the leased lines and equipment
are currently made by the lessee; and the payments therefor
become annually a charge to the lessor com(>anies, each beins
charged with the cost of the additions to its separate property.
The term of the lease is 99 years.
Northern Railway Co.—A new lease was made with thie
company for 99 years from July 1, 1888, coverinjc all of ita
lines as consolidated, and which now are or hereafter may be
constnicted. The leste*- is to fiiH-ratc the property, and out of
the income received therefrom to pay the expenses ot openr
tion, maintenance, tax- s, corporation expenses, and the wterOf
est on bonded and floating debt of the lessor company.
the net income remaining after such payments, so much
on
its
outstanding
oanithereof as shall amount to six per cent
tal stock is to be paid to the lesser coni{)tuiv. the bahuice to
additions
and
to
the
Betterments
leiMd
retained by the lessee.
property are to Im> made by the lessee; and the payments tbei»for become annually a charge to the lessor company.
.j^g
M
:
:
THE (CHRONICLE,
766
[Vol.
XLVm.
The total capital stock outstanding of the Southern Pacific
New York Texas & Mexican Eailway Co.—Tliis line has
been controlled by the Southern Pacific Company since Sep- Company and its proprietary companies, was on December 31,
tember 1, 1885, through the ownership of its stock. It is 1888, as foUows:
operated for current account, the balance of profit or loss in Southern Pacific Company
$107,299,270 00
operation being credited or charged to the lessor company.
Proprietary companies
145,117,327 00
Railway
This
property
is
leased
Co.
South Pacific Coast
Total stock at par value
$252,416,597 00
for 55 years from July 1, 1887. Out of the income received
Th's outstanding stock of propriefrom the property, the lessee is to pay the expenses of opera- tary companies includes that for wliicli
tion, maintenance, taxes, corporation expenses, interest on South^rn Pacific Co.'s stock has been
iu exchange, and which Is debonded and floating debt, betterments and additions and Issued
pos-ited with the Union Trust Co. of
other fixed charges; The balance remaining after such pay- New York lor the following amounts
ments is retained by, and the deficit, if any, is charged to, the
Stockot So.Pac.KK.Co. of CaliforHia. $58,914,001 00
—
lessee.
Central Pacific Railroad Co. —The lines
of this
company
are operated under a lease dated February 17, 1885, and the
modification thereof of January 1, 1888. The lessee receives
the earnings from the property operated, and agrees to operate, maintain, add to and better the same; to pay all taxes and
expenses of the lessor company, including those of the land
department, all interest on its bonded and floating debt, excepting its debt to the United States; also the sinking fund
requirements for its mortgage bonds and the annual requirement to the United States under the Pacific Railroad Acts of
1863 and 1864 and under the Thurman Act of 1878. The net
profit, after such payments are made or provided for, is payable annually to the lessor company up to but not beyond the
maximum sum of $4,080,000, and the lessee guarantees a minipayment of such surplus net profit to the annual amount
of ?1, 360, 000. Any surplus there may be after the maximum
of $4,080,000 is to be retained by the lessee.
The lessee further a^ees to comply with all acts of Congress
which impose any obhgation on the Central Pacific Railroad
in the operation, maintenance or transportation for the United
States over said railroad, perform such services for the Government, and make such reports and payments, and otherwise
do all things which the said lessor company would be required
to do if it were operating said raih'oad itself, instead of
through the agency, of the Southern Pacific Company.
It is also stipulated that the agreement is to be construed so
that it shall be for the mutual benefit of both parties thereto,
and that neither is to receive any advantage at the expense of
the other, and that if in its operations at any time it should
work so as to benefit one at the expense of the other by a readjustment on account of the bonds issued by the United States
requiring larger annual payments than at present, or otherwise, then it shall be subject to revision and change, and the
terms of such change are to be fixed by arbitration.
mum
Oregon & California Railroad Co.—The lines of this
company are leased for the term of 40 years from July 1,
Stock of So. Pao. BR. Co. of Arizona.
Stock of So. Pac. KR.Cd.of N.Mexico.
Stock of Northern Railway Co
StocK of Morgan's L&T.RE.&SS.Co.
Stock of Louisiana Western KR.C o..
Stock of Tex. A New Orleans RR. Co.
Stock of Gal. Hburg& SauA.Ky.Co.
19.992,600 00
6,886,300 00
9,182,10000
00
4,06-',TOO
:i,310,000
4,997..'j00
00
00
26,309,900 CO
Total par value
133,656,300 00
Biilance, par value of capital stock outstaurting. which repri sents the railload.',
fteamshipB and
all
oiherprop-
erty of the Southern Pacific Co. and
Its proprietary lines
$118,760,297 CO
This balance of capital stock of the Southern Pacific Company and its proprietary lines is in effect the capital outstanding on the property as a whole, and as practically consolidated into the Soutliern Pacific Company. This property,
as operated, consists of 4,014'43 miles of main track railroad
and 28'28 miles of second track; also all sidings, spurs, switches,
turn-outs, and other tracks required for use in operation therewith. These lines are equipped with and own the rollingstock shown in Table No. 29 of the pamphlet report, consisting
of 613 locomotives, 640 passenger train cars, 14,962 freight
They also own fourteen ocean
train cars, and 243 work cars.
steamships, five ferry and transfer steamers on San Francisco
Bay, five ferry and river steamers in Louisiana, and thirty-one
Included in the property of the Southern
tugs, barges, etc.
Pacific Company are the materials, fuel and supplies required
for the maintenance and operation of both proprietary and
other leased lines. The value of these on hand December 31,
1888, as shown by Table No. 30 of pamphlet report, was
$7,371,729 76. The remaining assets of the consoUdated property, as well as the liabilitiei, are as follows
:
ASSETS and liabilities.
The assets and liabilities of the Southern Pacific Company
and its proprietary lines on December 31, 1888, are summarized as follows
:
lAabiliiies:
1887. The lessee is to operate the property, and from the Total parvalueof all capitalstock issued
$252,416,597 00
income thereof to pay the expenses of operation, mainte- t'unded debt outstaudlug
110,533, n6 08
schoiil
fund
debt
Texas
St.ate
005,047 95
nance, additions and betterments and taxes: also to pay the
floatiugdebt
of sundry companies... $9,205,218 56
Net
interest on the bonded debt and all current fixed charges of
debt
of
over
float's
other
co.'s.
8urp.
1,652,797
74
Less
7,552,420 82
the lessor company. The net profits, after the payment of
Total liabilities and capital stock
such expenditiires, are to be paid annually to the lessor com,$371,107,28185
Atsels :
pany TO an amount equal to six per cent on its common and
seven per cent on its preferred .stock at such time outstanding. Construction and etiuipmcnt account....
$270,830,799 20
Any
residue of the net profits there
may
be after such pay-
ments to the lessor is to be retained by the lessee.
California Pacific Railroad Co. The lines of this company are leased for 50 years from November 1, 1886. The
lessee is to operate such property and receive the income
therefrom. It is to pay the expenses of operation, maintenance and taxes at its own expense; and is also to add to and
better the property, which betterments and additions are to
become a charge to the lessor company at the terminati<in of
the lease, at their then cost value. Rental is also paid by tlie
lessee at the rate of $600,000 per annum, payable semi-annually,
on June 15th and December 15th of each year. The terms of
—
the agreement, including the amoimt of rental, are subject to
at the expiration of each period of five years, upon demand of either party thereto and any revision projwsed is to
change
;
be determined by arbitration.
capital stock.
greater amount of the capital stock of this company
has been issued to acquire the stock of its proprietary lines,
the amount so issued stands practically in lieu of that received;
and as the stock thus received covers practically aU the capital stock of the several companies, the stock issued therefor
by the Southern Pacific Companj' represents the actual o^vnership of the railroad and steamship lines. To afl'ord security
to the stockholders against the cii'culation of this double
capital, the Union Trust Company of New York has
been appointed Registrar of the capital stock of the
Company, and such exchanged stock of the proprietary lines
owned by the Southern Pacific Company has been deposited
with said Registrar, to be held by it as Trustee. On the face of
each of these certificates, which in the aggregate amount to
$1 ,336,563 shares, of the par value of $133,656,300, as shown
below, the following inscription has been stamped:
" This certificate of stock is the property of the Southern
Pacific Company, and is not rightfully in the hands of any
other party, nor negotiable until the Registrar of said company's stock shall have certified hereon that stock of said
Southern Pacific Company equivalent to the stock represented
by this certificate, at the proportionate rate at which the same
was acquired by said company, has been retired and canceled,
and thirty days prior notice has been given to the New
York Stock Exchange of such intended retirement and canT
ceUation."
As the
St'cks of proprietary liuesowned amounting at par to the .sum of $141,677,100,
and standing on books at the value of,
as iier detail in table No. 2
106,855,333 96
1,996,595 OO
33,004 67
2,467,18183
Other stocks and bonds owned
Other properti owned
Lauds owned in Texas, estimated valii».
Laud contracts—deferred payments on
time sales
Materials, fuel and supplies on hand
Amounts in sinking funds for redemption
of bonds
3.185.34052
7,371,729 76
1,016,118 23
$393,756,403 19
Total assets
Biilance. surplus of assets over liabilities
and capital stock
$22,649,121 34
Analysis of balance
Availalle surplus as per profit and loss
accounts
$1,615,602 10
Preflts applied in payment of construc7,849,260 49
tion, debt, etc
Inc^ome u.scd f^ir sinking funds and In
redemption of bonds
„10,184,258 75
~~~
$22,649,121 34
In this table of assets the unsold lands granted by the
United States to the Southern Pacific Railroad Company of
California are not shown, as no satisfactory estimate of their
value can at present be made. If stated they would considerably increase the surplus balance of as.sets over liabilities.
The liabilities and assets of the Soutliern Pacific Company,
stated bv itself, were on December 31, 1887, compared with.
1888, as follows:
Liabilities—
Capital stock
Floating debt balance
1887.
$89,027,770 00
4,671,120 67
1888.
$107,299,270 00
5,443,300 43
$93,098,890 67
$112,742,570 43
Assets—
$87,831,400 00 $106,103,400 00
844,420 00
844,595 00
Other stotl-s owned
999,000 00
999,000 00
Bonds owned
1,272,068 01
Rolling stock owned
2l<,54-f
97
33,004 67
Other property owned
4,122,'.i41 59
7,371,729 76
Material, fuel and supplies on hand..
Stocks of proprietary lines o-wned...
Balance, assets over liabilities
capitalstock
$95,098,678 57
$115,351,729 43
$1,399,787 90
$2,609,15900
and
.
.
JCM
By
THE CHRONICLEL
8, 1880.]
increase
tlu>
shown
tNCXJME AOOOUMT DROKMHK* (l, l»«|
(OoHDKKiiin rauM UoamoiXMi's Tabu*).
(hiring the past year in capital stock
onttitiindiiiK amounting to $18,272,000, additional stock was
no<iuirfiI in proprietary lines amounting at par to $24^88,400.
Induili'd in this is the capital stock of the Northern RaUway
which exchange was made, share for Bhnn>, of
This has been for some years a dividendeacl» conipany.
paying line, and the results of its operations under the new
(ease from July 1, 1888, show a handsome surplus after i>aying as rental six per cent on its capital stock.
The rolling stock owned was assigned on July 1, 1888, to
such proprietary lines as needed it in their operations. The
charge was transferred from the equipment account of the
Soutliem Pacitic Company to the same account of the pro-
Company,
for
Kcnm.
TrantporlaltoH
F.trnitiQi
of
ProjterlUt Souihcrn rarinc RR. of Cal
MnuMirm
1987.
Total
$1,498,041 08
$1,744,929 20
$I13,26« 69
240,809 80
109,004 63
$397,170 16
138,1.^7 44
230 60
$463,08112
$535,558 10
Ollur Sarnlngi of
Rentals
Ore.
Mlile by tbls company—
From Ccutiiil Pacific lease
From other leases
Miscellaneous expenditures
Total
,
INTEREST ON BONDED DEBT OP LEASED LINES PAID AND
ACCRUED DURING
1888.
Pacific System.
Proprietary Lines—
Southeni Pacific RR. of California
Soutliern Pacitic RR. of Arizona
Ponthern Pacific RR. of New Mexico
South Pacific Coast RaUway
$2,260,191 61
600,000 00
250.800 00
320.000 00
224,520 00
Northern Railway
$3,555,511 61
Total
Other Leased LinesCentral raciflc RR
$3,438,323 34
591,538 33
& CaUfornla RR
Oregon
$4,029,856 67
Xotal
$7,585,363 28
Total Paolflc System Lines
New York Texas & Mexican Railway
-
Total Atlantic System Lines
iSi'iVRiliJ
, ?I2'2i2?m
1,407,500 00
61,355 00
$9,920,826'57
THE SOUTHERN PAC. CO. IN GENERAL ACCOUNT DEC.
31, 1888.
(Condensed fbom Controller's Statements.)
""
Stock of proprietary lines owned
41,721 shares stock Mex. Int. RR. Co. ...
160 shares stock Union Compress A
\^_
-io,-;-;VnV,A*'^°^'^''''**'"
$834,420 00
,„„„-.„„
10,000 00
175 00
Qq
1 share stock Louisiana Susar Ex..
1,110 G. H. & 8. A. R'y 2d Mortgage W.
D. 6 per cent bonds
Real
999,000 00
$33,004 67
30,000 00
estate, buildings etc
Demand loans
•
*2i:477 03
Traffic" imiancM:::':::'.";'."'."::"."".!!
-,:".—
Companies and individuals
U. H. Govemuient. transport'n malls, Ac.
Leased
.-
lines
n. i T. C. R'y Co., rcorganizatiou
Unadjusted open accounts
5,986 52
1;St'','»2
'
il
»t'k.
Neteamlngsot sleeping cars
MUeage of cars
ii^'thsm
Qi?'4oQ t«
lo
i,Aii.,iiv
15,365,805 74
.$123 312,800 74
3.849.188 7S
$812,540 00
2,240 00
66,600 00
111,77309
153,403 45
2,874 15
7,067 65
Rentals of buildings
Supplies acquired underleases
Oreg. A Cal. reorg. chargej refunded..
Miscellaneous
Net earnings L. A. A I. RR
Net earnings L. A. A B. D. RR
Net earnings San Pablo A Tulare RR..
39,708 61
1,338 98
5.839 79
88,257 85
131.092 05
1,362.235 63
1.399,787 90.
#54,235,288 11
balance Dec. 31, 1887
Total
DISBinKSBllBIITS.
Operating eipentee of Leatea Proptrliei—
Southern Pacific RR. of California..... $6,606,077 69
1,821,904 41
Southern Pacific RR. of Arizona
695,902 99
Southern Pacific RR. of New Mexico..
803,035 37
South Pacific Coast R'y
1,412,212 99
Northern Railway
9,832.067 81
Central Pacific RR
940,001 13
Oregon A California RE
780312 48
Calllomla Pacific RR
Morgan's Louisiana A Texas RR. A SS. 3.440,135 56
499,585 42
Louisiana Western RR
1,013,914 49
Texas A New Orleans RR
.801 40
Gal. Harrisburg A San Antonio RR.,.. 2,821
67,287 18
Gidf Western Texas A Pacino R'y
170.407 11
New York Texas A Mexican R'y
Other expentet of leattd propertietTexas transportation lines
LOSS on G. U. A H. 1887
Bontuls
Capital stock
-
Unpaid vouchers and pay-rolls
Bills and accounts payable
:yr
Sundry cou.panlcs nml Indiyiduals ......
Coupons matured and unpaid Deo. 31 88
^y:;
iKQoln i?
tSt
»4B 98
BR
'||-»48
l^J,i08 «-
tunds and other oftarges.
Net earnings L. A.
Not earnings L. A.
A Ind. RR
A 8. D. RR.........
Tulare RR._
Net earnings San Pablo A
RR. stock
8 p. c. dividend on Northern
interest accrued to Dec. 31, 88,
due in '89
Pacific Improvement Co
Coupon
Southein Development Co
Una.lJii.-^tedopeuaecouutS
lu litigation
By balance from income
account
3,921,634 Ja
*'I5Z'7i7?Sa
i!>,'?l,
o3
Rm'i?ooo
691,4^0 00
due leased properltet—
Xet proKU
CalKomla.
Bouth'em Pacific RR. of
Southern Pacitic RR. ofArtxona
Mexico
Southern Pacific RR. of New
RR. A BS,
Morgan's Louisiana * Texas
Lonlilann Western RR
.^•••Texas A New Orleans RB
Antonio B'y...
Qal. Uarrlsburg A San
j
13.404,371 74
v:,«09,15U Of)
,$123,312,800 74
.888.......
Burplu. from operation for
1887*,.
surplus from operation lot
Total
„, „
*0i O'lO -»
81 ,836
«
1,406,263 09
'•^I?!'!^
«
Jmr^m
M^^'^Xt
1,330.009 IS
5,839 79
38.257 85
131,092 09
312,538 00
75 00
Miscellaneous
$107,299,270 00
'iViViV.iu it
**'iS,'oi,, ij
^g^,^^
768,09063
on bonded debt
C. P. sinking
o'oS? to
Total.
st'k.
intertst on Hoatlogdebt
AddlUons and betterments......
?**.( J^
Supplies on hand
Total
New York Texas A Mexican RaUway.
Reeeipufrom other lourcet—
Dividends on M. L. AT. RR. A 83.
Diva, on Un. Comp. A Ware'se Co.
Interest on lK>nds owned
loterast
^'^iS'^i^ ?2
22
-
Hills recelvalAe
Remittances in transit
Ti-..xc^f
.
1,937,80175
416,038 41
81,723 23
144,033 38
157,822 08
234,850 76
284,757 47
521,748 05
30.310 65
^^
-oo'SSn Sn
80
1,088,430
,
Pacific Imp. Co. rollinK stock suspense..
Traflic lialanics
1,813,595 00
$104,332 73
Southern Pnolllo RR. nf Ariuma
Southern Pacftia RR. of New Mexico.
Northern RaUway
Morgan's Loalslana A Tex. RR. A SS
Louisiana \Vestern RR
Texas A New Orleans RR
Gal. Ilarrisliurg A San Antonio RR...
Gulf Western Texas A PacUlo Ry
$ 158,757 29
$2,335,452 29
Total aU Lines
AtUustui'nt of Exp'oses,'87
Lester Pnpertiet In aeetunt—
Deficit In earnings N. Y.T. A .M.
Additions and betterments Uoathem
Pacific RR. of Callfomia
By
ATLANTIC System.
Proprietary Lines—
Moriranis Louisiana <fe Texas RR. & Steamship Co....
Louisiana Western RR
Texas & New Orleans RR
Galveston Harrlsbur* <k San Antonio RR
A Cdl.
76,854 14
312.000 63
60388 S3
924.445 a»
$2,609,159 00
1889.
$)66,190OS
Due by
$1,209,371 10
1,399,787 90
$1,034,959 96
364,827 94
Surplus for tbe years
Surplus .lanuary 1 1887 and 1888
«4«.a09.81S 17
Leaid Proptrlitt—
Texas transimrtatlnnlliiM.............
Interest on Hoatlngdebt
DolUits paj
1,
18,839,833 84
1,483.933 39
1,401.394 83
»,1S7.387 33
ft Oaliromla RK
Caltromia Pnolflo HB
HorgkD's Loaistiua * Taxaa RR. * W.
Louisiana Western HR
BM,4M 00
Texas A New Orleans RR
1.4S8.A78 II
(}a1. Ilnrrlsburg A San Antonio Ry ....
8,804,074 04
Uulf WcKtcm Texas * Paolflc Ry
88.n8 89
Now York Texas A Mezloan RaUway.
I4«,SaS 20
Fspendiluren—
Surplus January
3,92tjBaOH
RR
Oregon
1988.
$814,7)40 00
CH.C.OO 00
267,850 69
5-t7,5M3 27
48,115 24
1,0M,W6 4S
l,00fl,M» 47
Nortbvru Railway
Central PoelHe
with 1887:
$06,600 00
359,481 89
903,88S 96
108.097 23
U
$II.976,MS
2,0Qff,l4040
I'sellto
Boutli Pu'lBo Coast Hvllirajr
Tlie following is a statement of profit and loss for the Southern Pacific Company by itself for tlie year 1888, compared
Ineome-
Ia9m4
KK.of Arlwna
Southern I'MlKa KK. of Mew Mazioo..
prietary companies.
Divlilouilsdn stockowned
Interest on bonds owned
Imoiiie from property owned
Proportion of prolit iroiu sundry leases.
MisculUiueous mociiue
«7
$381,101 35
140.038 60
49,977 56
281.123 78
41.047 97
03,707 93
203.033 34
Z--.
*|^371
10
1,3 90.. 87 g
I9.76«,M7 0»
l,lJ0.5t51S
.
THE CHRONICLE.
768
COTTON.
gixe (Tommercial ^xtutb.
Friday Night, June 7, 1889.
Excessive rainfall caused floods in Pennsylvania, western
"New York, Maryland, Virginia and West Virginia. The
chief disaster was at Johnstown, in Pennsylvania, a town of
about 35,000 inhabitants, which was almost euth-ely swept
4away by an artificial lake bursting its banks. The Pennsyl-vania, the Baltimore & Ohio, the Erie and the Delaware &
Xiackawanna railroads were temporarily closed to through
trafdc with the West, and on the first-named is not yet fully
Teeumed, miles of track and several important bridges having
A destructive
at Seattle,
fire
W.
T., is
added to the calamities of the week. The withholding of
Chicago quotations had but a slight and temporary effect
vpon speculation on the Produce Exchange General trade is
rather
The
dull.
following
is
a statement of the stocks of leading articles
domestic and foreign merchandise at dates given.
•of
Friday. P. M., June 7, 1889.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
tliis evening the total receipts
have reached 6,710 bales,
The Movement of the Crop,
COMMERCIAL EPITOME.
been carried away.
rVou XLVIII,
7,690 bales last
against
9,743 bales the previous
1st of Sept., 1888,
5,477,211 bales, against 5,386,933 bales for the same period of
1887-S, showing an increase since Sept. 1, 1888, of 90.378 bales.
—
Beeeiptt at
June
tWa.
jpork
ajird
6,773
tea.
li>,816
hhds.
'Tobacco, foreign
-Coflfee, Elo
<!offee. other
•tJofifee, Java, ito
'Sugar
"Sugar
"Bngar
"Melado
bales.
bags.
bags,
36,114
50,504
320,497
68,165
79,892
6,107
None.
195,521
None.
lihds.
boxes.
bags, &c.
hbds.
hbds.
Tlolasses, foreign
Volasses, domestic
bbls.
ddea
No.
bales.
'Cbtton
bWs.
8oeln
'•plrlte turpentine
bbls.
bbls.
T»r
bags.
pigs.
bags.
bags.
<Rlce, E. I
Bice, domestic
Unseed
Saltpetre
Jute butts
........bales.
bales.
bales.
bbls. and sacks.
Manila hemp
hemp
-BIsal
Flour
Hay
1.
Tobscco, domestic
mats.
1889.
June
6,412
11,205
36,362
49,431
249,572
48,204
51,527
485
3,250
629,P00
202,363
14,683
1.
24,393
18,964
41,598
45,2(i3
125,;S64
1.('48
38,469
57,000
15,011
None.
206,613
None.
1,962,202
Nonf.
116
J, 573
548,000
226,943
27,071
401
1,052
35,750
3,4C0
None.
10,000
124,500
None.
1,363
160,276
1,016
24,300
3,S60
None.
10,250
114,000
None.
1,240
205,880
Thurs.
51
Fri.
32
9
109
.112
125
37
11
11
8
Bavannah
63
213
5
Brunsw'k, &c.
Charleston
Port Royal,&c
Wilmington
Wash'gton, &o
4
19,378
1,452
1.121
11,S45
5,840
1,000
12,500
54,000
6,500
1.700
124,791
L.ard on the spot closes nearly nominal at 6'50c. for prime
city, 7 -021.^® 7 -050. for prime Western and 7(27 .lOc. for refined to the Continent. Lard for future delivery was only
«noder»tely active and pricts weakened, but the most decided decline of the past day is in June options, which sold
at 6 -97® 6 9?c. and July at 7 05c.
DAFLT CLOBIKO PKICE8 OF LA.RD FUTDRBS.
Saturd'y. Morul'i/'Tuesd'y.Wedn'sil'y. Thursday. Friday,
7-02
6-99
7-02
o. V02
701
6 97
"•(3
7-06
7-04
702
703
704
July
7-11
7-08
7-08
7'06
707
Aug. delivery.... c. 7-05
7-14
7-12
719
712
713
flept. deUvery....c. 710
June delivery
dellver> ....0.
201
68
22
68
556
7
1,431
68
1
9
54
345
8
243
2
257
305
28
305
22
Norfolk
12
6
2
16
5C1
36
8
55
154
West Point...
1
1
8
698
280
197
126
197
750
85
52
Baltimore
Philadolpb'a,&c
37
4
Totals this week
998
635
Boston
495
120
245
13
1,826
476
424
1,245
132
887
647
887
52
2,351
6,710
11
For comparison we give the following table showing the week's
total receipts, the total since Septernber 1 1888, and ths stock
to-night, compared with last year.
1888-89.
Receiptt to
Week.
Galveston...
El Paso.&c.
1889.
1887,
651,883
1888.
4,913
565!
I
345
Bruns.,&c.
Charleston
P.Royal,&c
Wilmington
Wash'tn,&o
Norfolk
2571
305]
28
1
698
280
197
West Point,
NwptN.,&c
1,245|
..
647
j
887'
..
&c
52
Totals
5,317!l,725,973
209,066
27,010
811,56
132,099
380,162
15,571
151,779
4,369
484,140
410,282
136,054
129,357
102,101
68,511
50,667
Florida....
Savannah.
Phil'del'a,
1,
366-
669,917j
22,911
1,431 1,671,648!
68|
Baltimore.
Wetk.
1888.
1,
Stock.
Sinci: Sejt.
Til it
68|
..
Xew York.
Boston
Sej*.
20ll
New Orleans.
Mobile..
1887-88.
Since
Ttiis
Junr. 7.
177
5,100
494,300
189,999
Total.
34
El Paso, &c...
New Orleans...
Mobile
Florida
100
1.447
2 500
Wed.
Tues.
N'wp'tN'8,&c.
1888.
1.
Motu
Sat.
Galveston
New York
1889.
week and
week; making the total receipts since the
97
203,615
24,305
858,693
75,349
411,278
16,015
167,747
4,931
479,420
400,025
114,505
92,373
89,933
44,827
20,029
I
3,025
84
2,626
192!
29
2I
3,179;
886'
246'
618[
2,468
466!
21
6,710 5,477,211
19,622 5,386,933
54,214
2,723
102,450
8,680
2,436
12,237
1,183
58J
4,525
137
1,853
2,650
14,113
2,200
189,87i
7,07^
2,473
182,159
9.000
10,738
15,138
270,751
363.416
5,00(1
2,21(
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Pork ard
beef are uncban^ted.
Cutmeats ar^ easier;
CMckled bellies selling to-day at 6J^c. for 12 lbs. and 7c. for 10
Tallow is
lbs. average, and pickled shoulders at 5@5i^c.
easier at 4 718c. Butter is dull. Cheese is firmer at 8(a8J^c.
for State factory full cream, but closes dull.
Coffee on the spot has been dull, but prices are well maintained. The speculation in Rio options also lacked spirit, but
a, decline in prices was partially recovered today, the market
closing steady, v. ith fellers as follows
:
Jane
16-40c'.
July
August
16-55C
16-700.
I
September
October
I
November
;6-80c.
16-90c.
17-OOc.
|
I
December
January
February
]705c'
17-05c.
17'10c.
Raw sugars were more active at full prices. Yesterday 600
%ons Brazil, 84 deg. test, sold at 6 l-16c., and to-day 650 hhds.
Melado at 5%c,, fair refining Cuba quoted at 6,^^c., and Centrifugal at 7Jjtc. for 96 deg. test. Refined sugars are J^c.
dearer, with standard crushed at 9%c. Molasses is dull at
The auction sale of teas on
for 60 deg. test.
30c.
"Wednesday showed some further decline in blacks.
Kentucky tobacco sold to the extOLt of 400 hhds., half for
Prices are firm on decreased supplies. Seed leaf in
-s^ixport.
•'Semand and firm for all desirable grades; saL s for the week
::3re 1,200 cases as follows: 400 cases 1887 crop, Wisconsin
Havana, 10® 1 3c. 200 rases 1888 crop. New England seed
4eaf, p. t.; 300 cases 1887 crop, Pennsylvania seed leaf, 9@
and 200
13Jic. 100 cases 1887 crop, State Havana, 13® 16c
eases sundries, 5@30c.; also 600 bales Havana, 67c.@$l 10
«nd 350 bales Sumatra, |1 40@f3 10.
On the Metal Exchange Straits tin has declined, but closes
^t a partial recovery, though dull, at 20 '400. on the spot and
30'5<fc for August. Copper is quiet at 12c. for Lake. Lead
as quite active to-day 274 tons sold for June and July, all at
4c. per lb. The interior Iron markets are steadier, with a
•
Receipts at-
1889.
Galv'ston,&c
New Orleans
Mobile
Savannah.
1886.
1885.
1884.
366
476
308j
1,431
5,317
1,058
4,492
68
97
345
562
29
698
477
338
325
376
6
170
39
1,244
1,381
6,525
2,647
3,843
4,032
22,773
4,729
8,409
I
Wllm'gt'n,&c'
Norfolk
W't Point, Ac
All others
2,831
3,025
2,818
31
3,179
1,132
3,657
Tot. this week
6,710
19,622
..
Cliarl'st'n.&c
I
1887.
1888.
269
909
2,750
2,778
166
3,464
.l_
162
605
112
167
72
20
885
59
718
1,561
159
542
208
16
1,151
211
Since Sept. 1 :5477,21 1 [5386,933 5179,919 5207,949 4710,007 4772,0.55
.
The exports
for the week ending this evening reach a total
bales, of wliich 18,709 were to Great Britain, 150
to France and 9,328 to the rest of the Continent.
Below are
the exports for the week, and since Sept. 1, 1888.
of 28,187
Week Bndino June
Exported to—
Bxport$
7.
From
Sept. 1, 1888, to
June
7,
18«>.
Exported to—
Greot
Conti- Total
Br«'n. France nent. Week.
Great
ContU
]
Britain. *'™'««
nent.
«>««'•
;
;
,
;
advance on manufactured work.
is quoted at 6 •90c., and crude
certificates close at 82^@83c. Spirits turpentine lia? declined, but closes steadier snd active at 38j^c. Rosins are
iquiet and unchanged at -tl 10@|1 133^. Wool has been less
active. Hope were taken quite freely 'or export at full price'.
islight
Refined petroleum for export
—
i.-
—
OalTeston
New
Orleans..
3,999
1,190
6,189
Mobile
Savannah
Brunswick
—
Cnarleston
....
1,800
1,800
10.783
IBO
1,161
12,064
2,S68
3,P38
4.871
Total
50,498
323,879
88,315
250 844
100,747
261,678
M,133
11,542
e,352
25,740
171,093
95,»37
.
Total 1887-88..
50,498
82.479
78,082
817,728
Ac.
Baltimore.
PhlIadelp'a,&o
87,627 814,442
416,90« 1.430,085
44,909
Wilmington. T.
Norfolk
West Point.
Nwpt NwB,
New York
81.076
741,4 ?8 269,357
205.739
1.686
B30
930
664,487 66,525
220 8S1
133,5*1
41,953
2,350
,m,95
229,858
38.054
176.771
22,666
43.993
12.361
183,451
251.182
*6.eS7
972 174
3,806
224,086
,16,440
193,S«0
5f.04B
13,093
18.7C9
ISO
9.328
28,187 8,h0a,608
21Ji31
6.168
9,704
37.103 2.694 .238 386,707 1,243.486 4,324.431
1,862,097 4.549,645
^
a
Junk
1
«
,
niK ClIllONlCLK
iseo.j
8.
In aililition to nboro oxivirts, our telegmms to-niglit nldo ^ive
Ufl the following rtmounta of cotton on H)ii|>lK>ard, not cloanvl,
add siniilnr tigures for New York
at the ports named.
whicli art' i>ropared for our H])ecial use by Mexsrs. Carey, Yale &
\4
mm
M Wl
mm
We
Lambert,
June
i
Boaver Street.
-'4
7(»
Ifil
Iff!
i
'iiv
sr
"
Mini
th
4 f i??
7, al'
M
New
OrU-mis
Mobil
CUarlostnn
Bavitiimili
Galvp.tlon
!!t
Norfolk
New York
Other
uJeTuVu
iH>rt«...
11
18,465
Total 188i»
1
I
Total 1888
Total 1887
j
1
31,953
S.Oll
4,069
16,1-20
None.
6,650
7,103
3,256
I
[
59,245
12,917
1
I
I
bales.
For immediate delivery the total
U
I4
week
—June
to
1
June
Ordinarr
Strict Ordinary
Good Ordinary
Strict G<M>d Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Hat.
*
lb.
2®
S
8% 18%
9^\»\ 9"i,
'9%
9%
'
8',e
S's
9i-'ie
9i»,e
8''8
Til.
Pri.
8'i«
S^s
Slid
8'8
llOU
lO'l]. |10"ik!l0%
10>4
lOVi
10%
10!|i
lOlSi.JlOi'i,.!!
11
11
ll^S
11»8
'im
IHI^
i
WW
H".-
¥
I
ob
ODOO
g
OCX
gM;
i
Good Ordiniiry
10
Ordinary
LowMiildling
Middling
lO^jg
Strict fJond
101*,,
llf,8
1138
ll'a
12i8
Strict I.uw
iMiddlinkT
Good Middling
Strict Good Middling
Middling Fair
12»i8
133,,
Fair..
'
I
10
CDCC®
101,8
10>4
11
il^
H"*
CO
il2»9
ViH
IS^
1
Low M iddling
Mlddlini:
S^g
91^,8
llOiis
9'3t»
10»8
MARKET AND
„
""
MM O
9|
M
I
^
99
OCX
2
**
a.x
«x
»ao
Sat.
.
389, 2,964
Steady
Mon Firm
150
.
Tnes. Steady at 1,0 adv
Wed. Quiet & steady.
Thiir. Quiet Ai Hteady.
Frl.
Quiet & steady.
.
mmp.uPl'nl
tump.
Total!
.Total.\
OOCO
637
939
334
450
78
539' 6,2621
73
....I
....
687j 26,000
939' 25,200
1,038| 39,100
834 21,800
523 26,400
6,874|153,20f'
The Sales and Prices of Fdtubes are shown by the
follow-
2
cB«
2
3 as 8
a
99
e^
aa
ee
2
2
2
<*'^
<
2
"^
a
»i
CDtDOtP
- - * -
tSCDQCD
- - ^ -
(SO
73
o
cocsatD
«6to®<6
9g9
1
a s'
s
CO
MM
99
MM
,
b.
<
_
T
MM
99
_M©5 OO
^
KIO
HIO
''
^
:
Q5C0QO
sis
M
CO
i *i
^
5 55
4
-
*
*
0C30
<Si
*^*a
»»
<
9
9|
M
-
<
MM
(C!0
2i
9
>
~ OO
.M
:
I
M « KM
2' 82
«:
:
M *M
to
IS
9 o
> X
<
9
9|
M
-
Oi
M « MM
'
I
«t:
1
2':'
St
'
i'
1
1'
?
«
oooo
o,
QUO
a
Inclndeo NHea In
585,500;
January,
881,300:
"
Ol«_IS
do
I'M I'M
l'=
Peptemhor. 1888. tat Beptember, leS^SOOs
I
Sep««alM»«OT«ab«rtorHo<
ber-Ootobcr, for October, ai»4,10O:
September-December, for PeeemPer, BW^4IIOj W
for January, 1 ,6.'>0,.'>00 Scptember-mreaiT. IW
September-March, for March. Ii944,80O: B
1,257,800; September-May, tor Ifajr, IJWWO
itrUt.
14,700|
deliveries
ing comprehensive table:
•
Transferable
3,353
given above are actoally delivered the day
previous to that on which they are reported.
The daJIy
M
8 o
ti
a
for April.
Salet
obx
sss
«0C0O«
I
....I
....|
....'
....i
1,038
.
til.
<
2
'
I:
1
SALES.
Ex
port.
«:
I
Hi
,i
I
FrTDRES.
1»
©»©» S0®2«
is s ti'i
St OOOO o
S MMO,i
9''8
9 '8
9^8
9%
1011,8 lOi'i- 10"i«10'l|ii
SALES OF SPOT AUD TBAHSrT.
r
35
•.f;
e.":
I
«
I
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.
00 8 ^x
gg 8 S
I
SPOT MARKET
CLOSEO.
2
*•
S9
I
®9 ^
QD
85,g
8l»,«
I
99
OOQO
^(p®Qp
«
WOO
OpCB^oB
I
I
^1 lb.
»o
,
Frt.
1
w*-__M__wt3
a
I
VGDOV
«: l$: let:
la:
MMOCM MMCaM MMUM M gM M
COCO
o S* o
oooo
^^O^ ^^S^ eooo
.Im^m m Om m
"
12:i.a
12»8
CCtCO^O
ticc*!©
ICM
.__
ll"i«
ll''i
12',,
«.»:
I
it
M
ll'j« ll'is
SaU RIoD Tne* Wed Tb.
85,8
8»18
8*4
85j8
SU
STAINED.
o-„
!
11
«(S
I
«.^:
I
tSC&wtS
tcc6®*5
^S
00
»
'
o„
8II18
9I9
8iii,,
9I6
101,,
10>9
Sf
I-
e~i
PrI.
I
SUjgl 8",,!
9%
9»8
101,8 JOi,a
IOI9
107,6 IOI3
11
lOl'in 11
H"* H"*
11',
1138
in,. in,«
H'a IIIB18 ll'i*u
12% 12'-,8 12<i8
12»8
12»,6 12»8
13'4
133,8 1314
8»8 i8»b
9ii6
91i8
lb-
Strict oi-dinary
Wed Th.
nou'Tneii
4
1
CO QD
teooo
ll's lll'Si. lH'ig ll"ie lH'in
12S,8 125,b il239
la's
1239
12%
121*1 12»>i.il3
13
13
13
Sat.
<s
-ja
cox
,
«)•
I
a."
w CO
»»*(»
isg*ss
llOU
110%
11
^
|C(0
I
CDCO^c^O
113,8 111»,« ll«lg
nil,, 1111,8 lllt,g
ll'ii
o
«.»;
I
99
olx
obob
CB<I
8o
CD
MM M
i
cooo 9939 MMtf
99j
99S9
09 OD 0-4
V*
MM
11%
GLLF.
Good Ordinary
Strict Good Ordinary
|
8'i«
MMCIM
OOCO
I
00-
7.
lO^tie llO'ie
Fair
Ordinary
I
©.':
I
I
.
is
a.»:
I
2S
ceo
week are 153,200
foot up tliis week
nan Tne» Wed
I
•.w:
I
.
<sts
e-4
UPLANDS.
—
».»:
•?;
M-«M MMWM
»i«*«9M
99^W ocso
0000
9«wC3 oooo
oo^o OOQO 99S
-J-i°-j •^-j=-i .4.i*.j
.4^0^
3
oi3_
M ^ ^^^^ ^ MM
M.^
00 IJ °*
"
? 99
99
99
MM 2
,J.,J,Q,.l
I
•
I4
5| f^''^.^'
ooSo
'-I -j-j'eb
00 »_
MM K.
©o 5
MM 2
9p MMOtM
»5 0000
in transit. Of|"he above
bales
73 for speculation, and
were to arrive. Tlie following are the official quotations for
each day of the past
i
•
—
—
tih
II I 11 t •.o':i ii i II i II i
^f-:
*i»:
b^:
•?:
«••:
MMCpM
MM^M
M Q ^ MmIBM
II ooQO
ooQo MMOD.^
eoso N.M^M
0300 M
csSo
eoT
MM ^ ^*^ ^ ^^ ^ ^^ ^ MM fe MM W
OO
OO
OO 7 OO ? OO ? OS 7
6,363 for consumption,
including 539 for export,
6,874 bales,
sales
nH hh
sr§
ig_5_gs*3
The speculation in cotton for future delivery at this market
opened the week under review somewhat depressed by reports of short time in Lancashire and better advices from the
growing crop, but some reaction was caused on Monday and
Tuesday by an advance in Liverpool and higher quotations
on the spot in this market. On Wednesday, however, a leading German house issued notices for delivery on June contracts quite freely, causing a decline in this crop and a
material increase of exchanges from early to late deliveries.
Yesterday some depressnon was caused by dull foreign advices and the improvement in crop prospects.
To-day we
followed Liverpool, opening easier and turning stronger,
becoming dull and easier on the announcement of the closing
of that market till Wednesday next for the Whitsuntide
holidays.
Cotton on the spot was in good demand for home
consumption, and quotations were advanced l-16c. on Tuesday, when business became quieter. To-day the market was
steady at 11 3-16c. for middling uplands.
The total sales for forward delivery for the
J
9?S? 999? ooSo eeeo eoso oooe r
309,109
313,857
|
f s.
:
I
Orden-SatunUr, JO'*''^! »!2?<»*fcJ<'"«*=dJ5"»*^'
Tbnnday, 10-eOc.: Prldar. 10-«0e-
10-65C.; Wedne-^day, lO-eoo.:
The following exchanges have been made during the we«k:
09 pd. to excb. ion June for Julr.
imI. to exch. 2O0 Feb. for Aug.
•05 pd. to exch. ).4(KiJiily for Aug. 08 pd. to exoh. l.>«M>Jun(>fbrJnl7
Jui>r for X9g.
•07 pd. to excJi. .VKi June for July. 14 pd. to exob. 300
July t«ir Anc
•OH pd to exch. 400 June for July. 09 pd. to azeh. lOO
•70
lid. to eich. 1«h) IH'C. for Jan.
pd. teeich.l.iMHi June for Aug.
(ly pd. to exoh. IIX' June for July
•14 pd. to excb. '.ioo J"ue for Aug.
•13 pd. to exch. 2tX> June for Aug.
•01 pd. to excb. 100 June *. n. for
•07
13
regular.
•KS pd. to axdi. 100 Dee. (or Aac.
49 pd. to exeb. 800 Sept. tot Jalr.
•03 pd to exch. 200 Dec. tnt Oct.
•4!> |>d. to rxoh. lOO Sopl. for July.
•07 ihI. to excb. 100 June tor July.
•06 pd. to excb. 10«) July for Aw.
06 pd. to excb. 100 Jone tor July.
..
;
.
'
:
THE CHRONICLE.
770
The Visible Supply of Cotton to-ni^ht,
as made up by cable
telegraph, is as follows. The Contmental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (June 7), we add the item of exports from
the United States, including in it the exports of Friday only.
and
[Vol, XLVIII.
The above totals show that the old interior stocks have
decreased during the week 5,812 bales, and are to-night 58,072
bales less than at the same period last year.
The receipts at
the same towns have been 4,806 bales less than the same
week last year, and since Sept. 1 the receipts at all the towns
are 77,129 bales more than for the same time in 1887-88.
Quotations for Middling Cotton at Othkr Markets.—
1889.
1888.
1887.
bales
?50.000
11,000
748.000
21,000
879,000
28,000
643,000
17,000
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
Total Great Britain stock.
at Hamburg
at Bremen
861,000
2.300
43,300
18,000
709,000
4,000
37,900
14,000
907,000
2,900
49,300
34,000
660,000
5,600
43.200
27.000
Week endinol
300
Btock at Liverpool
Btock at London
Btock
Stock
Btock
Btock
Btock
Btock
Stock
Btock
Stock
Stock
at Amsterdam
at Rotterdam
at Antwerp
at IIa\Te
at Marseilles
at Barcelona
at Genoa
at Trieste
Total Continental stocks
Total European stocks..
188(5.
400
600
200
500
*32.000
116,000
5.000
72,000
13,000
8,000
1,100
170,000
4,000
70.000
5,000
7,000
238.000
3,000
49,000
8,000
14,000
3.300
161,000
5.000
66,000
13,000
12,000
309,900
312,900
399,500
334,600
cott'D a tloat for
7.
..
Galveston...
Now Orleans'
I
Mobile
Savannah...
Charleston.
1
.
Wilmington.
Norfolk
Boston
Augusta
Europe
3Ion.
10%
10%
10%
10%
Tues.
Wednes.
10%
10%
10%
10%
10%
I
T/iurs.
1012
lOia
10^8
I012
10^8
1012
lO's
1012
1034
1034
lO^s
1012
lO's
1012
11
11
11
11
11%
lOSg
1012
1058
lO^a
lO-'s
lOifl
lO'^s
11
Fri.
10%
10%
lOSg
IOI3
lO'a
IOI2
11
llUS's 1114®% 1114^33 lll4»% 1114®% Iii4'a%
1138
1138
11%
11%
11%
11%
....
Memphis
Epypt.Brazil.&calitforE'r'pc
Stbcli in United States ports ..
Stock in V. 8. interior towns..
United States exports to-day.
CLOSING QrOTATIONS FOR MIDDI.IXG COTTON ON —
Satur.
I
Baltimore...
Philadelphia
India cotton afloat for Europe
Amcr.
June
...
11%
11%
11%
11%
10^8
lOiiia
lO's
1011,s
1011.0
1078
lOlljg
1011,8
1079
lOiiie
1011,8
11
11
11
11
11
11
Louis
Cincinnati
..
11
Louisville.
..
11
lOUiB
St.
11%
10T3
1011,3
1111
11
11
lO'e
10a,8
1011,8
11
Receipts From the
Plantations.— The following table
Total visible supply
1.830,786 1,854,033 2,066,328 2.112.639
indicates the actual movement each week from tlie plantations.
or the atjovc, the totals of American and otiierdescrlptions arc asfollows
Aynertcati —
The figures do not include overland receipts nor Southern
Liverpool stock
bales 614,000 552,000 654,000 480,000 consumption; they are simply a statement of the weekly
Continental stocks
133,000 184,000 254,000 234,000
American afloat for Europe...
93,000 103,000
43,000 200,000 movement from the plantations of that part of the crop which
llnitcd States stock
270,751 368.410 326,774 443,977 finally reaches the market through the outiwrts.
United States interior stocks..
United States exports to-day.
Total American
East Itx/iati, Brazit^ dc.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
28,635
3,500
236,000
11,000
176,900
242,000
22,000
&c
Total visible supply
Price Mid. Upl., Liven)ool
Price Mid. Upl.. New York.
* Revised.
C^~ The imports
319
107,206
27,856
1,142,880 1,300.123 1,314,82'3 1,493,039
—
Egypt, Brazil, ic, afloat
Total East India,
Total American
36,735
86,707
6,000
196,000
21,000
138,900
174,000
34,000
225,000
28,000
145,500
313,000
40,000
163,000
17,000
100,600
325,000
14,000
rreek
Receipt! at the Portt.
Sfk at Interior Towns.
Rec'pts
1888.
18S7.
frrm Plant'n$.
Ending—
May
S
10
1887.
188S.
1889.
1887.
18,0-.7
t2.866
32,e03
88.233
80.600 172,287
72.510 145,07J
64.808! 131,277
[
'•
17...
lo.flae
88.0(15
28.242
22,411
13.487
"
24
9.785
23.901
9,71.3
68,5<-8 117.84'.;
'•
31
7.599
2i.65B
7,690
4.032
10.622
6.710
51.81? |107.44t
5I.«50l 92,949
"
..
1889.
69.218
56,443
48,619
44.191
38.413
81.708
188«.
1889.
2,602
6.020
p.o:o
2.981
2,M'
15,268
10.166
12,15"
16,870
9,638
5,661
5.SI8
1,90»
1.868
5.129
fr
8,4SS
687,900 553,900 751,500 619,600
1,142,886 1,300, 123 1,314,828 1,493,039
June
1,830,780 1,854,023 2,060,328 2.112,639
the plantations since September 1, 1888, are 5,493,544 bales; in
1887-88 were 5,456,052 bales; in 1886-87 were 5,183,518 bales.
2.
That, although the receipts at the oiitports the past week
were 6,710 bales, the actual movement from plantations was
only 5 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 5,129 bales and for 1887 they were
. . .
6'i, d.
5%d.
113^0.
lOiit^c.
into Continental ports this
6d.
ll»iiC.
5>sd.
9->i6C.
week have been
77,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 22,237 bales as compared with the same date
of 18^8, a decrease of 235,542 bales as compared with the
correspondmg date of 1887 and a decrease of 281,858 bales as
7
The above statement shows:
1.
—That the total receipts from
—
1,858 bales.
Amount op Cotton in Sight June 7.—In the table below
we give the receipts from plantations in another form, and add
compared with 1886.
to them the net overland movement to June 1, and also the
At the Interior Towns the movement—that is the receipts takings
by Southern spinners to the same date, so as to give
for the week, and since September 1, the sliipments for the
week, and the stocks to-night, and the same items for the substantially the amount of cotton now in sight.
corres)X)nding period of 1887-88— is set out in detail in the
following statement.
1888-89.
1887-88.
1886-87.
1885-86.
Receipts at tboports to Juno 7 5,477,211 5,386,933 5,179,919,5,207,949
Interior stocks on June 7 In
excess of September 1
69,119'
16,333}
3,599 103,057
I
j
:
1^
o
Tot. receipts from plantat'ns 5,493,544 5,456,052 5,183,5185,311 ,006
Net overland to June 1
881,153( 936.716
771,792 807,051
Southernconsumpt'nto J'nel 428,000] 398,000| 356,000 290,000
1
Total in sight June 7
.
.
6,802,697,6,790,768 6,311,310|6,408,057
K.
Northern spinners' takings to
_ June 7
....1,673,411 1,660,288 1,524.300 1. 680.584
It will be seen by the above that the increase in amount iiTsiftht
to-night, as compared with last year, is 11,929 bales, the increase as
compared with 1886-87 is 491,387 bales and the Increase over 1885-86
is 394,640 bales.
|
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|
Weather Reports by Telegraph.- Our
|
telegrams from
the South to-night indicate that the late rains have been of
much benefit in the greater part of the South, The outlook is,
therefore, more favorable, but in some districts of Georgia,
Mississippi and Southern Alabama rain is still needed.
Galveston, Texas. The weather has been dry all the week.
Tlie thermometer has averaged 73, the highest being 84 and
the lowest 61,
Palestine, Texas. There have been splendid rains on two
days of the week, the rainfall reaching one inch and fifty-five
hundredths crops are good. The thermometer has averaged
68, ranging from 50 to 86.
Huntsville, Texas. There has been no rain all tlie week,
but crops are good. The thermometer has ranged from 49 to
—
•
IS'
—
M <l 03 IC tC tC
;
—
COiO:!-'© CT CJW
MW05Mt-»»&.C;
tOtf^C;tCfCOCTOWCH-H»KiX^-Xif'*>^CO
JO
a
-vi
1^
ct'^Vocx'tc -1
c;'0'vixQft.o
it'H-tOOlO^CJ'COCCO MVi^-.lOCtCiC0
CCi W P|0X'jhXJ0C*'>-tX^_^'-J -'
Ci
cc
cc
-otucrcot— to
jc
OS c: cc
a r^ ::
tt:
0'<
ic
c: *- Ci
CCC
— cirfi.tcoici'-'xooiascH'c
xccw^icoiXtct-txocooiCirt^jxx*;-
averaging 71.
Dallas, Texas. We have had fine rains on two days of the
week, the rainfall reaching one inch and thirty hundredths.
Prospects good. Average thermometer 72, highest 90. lowest
92,
53.
San Antonio,
stations
wot
(fr"'
cue K CO
m in IC M
M O
o OT e CO o
W;
^M
M
c:oc:<1i-m,h; i&co
CD.
cixOTHif^oscc.
?-
tc
o;cicj>uicoo**co
c;xi-'t-'CJtao-to#-:o#*
}0P
__fe
*,The flpires for Louisville In both y«ivrs are "net.'^
I Xhle ycai'8 figures
estimate I.
—
Texas.
have had
it.
—Rain
is needed locally, Ijut most other
The thermometer has averaged 71, tlia
highest being 88, and the lowest 54,
Luling, Texas.
have had one fine rain during the week,
the rainfall reaching seventy-eigjht hundredths of an inch.
Crops are splendid and blooms quite common. The thermometer has averaged 72, ranging from 63 to 81.
Columbia, JV.Tffs.— It has rained hard on one day of the week,
the rainfall reaching one inch and scventy-ei,glit hundredths.
Crops are fine. The thermometer has ranged from 58 to 88,
—We
averaging
70,
-
.
Joke
8,
THE
I'KB.J
(JJIRONKJLli
—
Prospects aro oxcellciit. Blounu and
Texris.
Ciiii-o.
squnics arc abundant. No rain all the week. Average thwmoni.'tir TO, luKliest 92. lowest 60.
have had one verv welcome rain durBriiihnin. Te.vn.i
ing the week. Crop prosi)ei;tH are fine. The rainfall reached
one inch and three Imndredths. The thermometer has averaged
79, the liigliest being 93 and the lowest 44.
Belton Ti'xas. It has rained on throe days of the week,
the rainfall reaching fifty-two hnndredtha of an inch. The
thermometer has averaged 67, ranging from .'50 to Hi.
Weatherfovd. Texas. There have been fine sliowers on two
days of the week, the rainfall reaching one inch. Prospects
are good. The wlieat harvest is active. The thermometer
has ranged from 45 to 90, averaging 68.
liave had no rain aU the
Neir Orleans. Louisiana.—
—Wo
.
—
—
We
week.
Average thermometer
ShiTveport, Louisiana.
— Rainfall
73.
two inches
for the week,
The thermometer
and twenty hundredths.
CO to 88, averaging
74.
ranged from
lias
The
inch.
The
t-,.
the lowest 4.').
Meridian. Jl/misjsywi. Tlie weather has been dry, and rain
Crops are backward, and cotton has been damaged
ts needed.
by cold and drought. Prospects are rather unfavorable.
Greenritle. Mississippi.— Telegmm not received.
Clarkxdule. Mississippi. The week's rainfall has been only
four hundredths of an mch. More rain is badly needed.
had a good, warm, slow rain
Vicksbiirg. Mississippi.—
for hom-8 this week, which was very general throughout the
Delta. The rainfall reached seventy-one hundredths of an
Average thermometer 73, highest 93 and lowest 46.
inch.
Hele)ia, Ai-kansas. There has been one light sprinkle of
The late rains
five hundredths of an inch during the week.
improved the crop, but we have not had enough moisture.
The thermometer has averaged 68,
Stands are in'egular.
ranging from 48 to 84.
—
of till- »ii R. HPthree liunrD-edtliH.
—
—
No damage was done by
last Friday's frost.
Some
inrniv niMI >^i{ntT>
....
,
,
/
icb boMflttod.
it 47.
<'r<p|
K^neral bar*
in
very bonellcial to growing cotton, alim to thv re|>UiitiriKa,eaiL
ing germination of the teed.
Ttw WMktbar tuM bom ft llttls
cool, however.
wm«
Jioek Hill, South Carolina.— The raim
cold winds holding liAck replanted cotton.
is
neede<l.
foUo««d
bjr
Warmer wwUmc
—
—
Wilson, North Curotipa. Telegram not roceirwl.
Raieiqh, North Carolina. Tlie condition of cottf>n haa not
gjeatly unproved yet. The nighta have been too ointX.
The' following statement we have also received by lel««nu>li.
showing the height of the riven at the pointi named at t
June
and June
6, 1889.
7, 1888.
Junr
" 7,
>•«/.
New Orleans
Hemphill
NiwhvlUe
Bbreveport
Vlekabnrg
Above lnw-ir»l«r mark
Above low-water mark
Alwve low-water mark
Above low-water mark.
•in
Alw»ve low-water mark.*
.-',
II
\i
M
4
»
9
19
7
33
81
ft
1.1
o
I
a
o
India Cotton Movement from all Pobtb.—The reoeipta
and shipments of cotton at Bombay hare been an foUowa for
the week and year, bringing the figures down t0 June 8.
nOMBAY BECCIPTS AND
Skipmen ti IhU
Rnil-MKNTS FOR FOI.'R TEAR.1.
iteek.
I
|
r«orI area' OontiBrtf».I nent.
I
_
.
,
">»'•
!
|
,
Oreat
Biilain
Oontintnt.
ThU
Total.
Week.
Jan
i.
1889 8.000 19,000 27,000 330,000 768.000 1,098,000 48.000 1.494.000
1888 4,000 IH.IWO 31,000 172,000 493,000 66S,00Ol4O,(NiO l.iait.iMK)
1887 20.0<M) >M,0O(i 7H.IHH) 295.000 569,900 864.000 60,0(Hi 1 ..•73.fKi«
l«Sfi27,(K)0 33.0IMI IIO.OIHI 248.000 ."ilU.OOO 764.000 74,l>00 I.179.(NW
Bhipmeattfor the touk.
Oreat
Oonti-
Britain,
tient.
Skipmintt ttntt Jcttnuny
{
Total.
1.
BrSoin.
Oo^l***^
26,000
26,000
30.000
63,000
04.000
8«,00O
B.OOO
7,000
3,000
3,000
7.000
9,000
IWo/.
Calcutta -
1889
1888
1,000
1,000
Madras—
1889.....
1888
All others—
1889...,
1,000
1,000
27,000
IS.OOO
16,000
14,000
43.000
20,000
1,000
1.000
1,000
58,000
48,000
56,000
79,000
114.000
137.000
1888...
replanting
of poor stands has been done this week. The thermometer
has ranged from 47 to 86, averaging 67.
Mobile, Alabama.— There has been no rain during the week.
Crop reports are more favorable, but rain is needed in South
Alabama. The first bloom was reported June 4 in MontgomThe thermometer has averaged 70,
ery County, Alabama.
the highf s't being 85 and the lowest 46.
Montgomery, .dtabama.— While we have had showers on
two days of the week, the precipitation was inappreciable and
more rain is needed for cotton. The thermometer has averaged 70, ranging from 44 to 89.
Selma, Alabama.—There has been one light shower during
the week. We are needing more rain. The thermometer has
ranged from 50 to 84, averaging 68.
Auburn, Alabama.—The outlook for crops is better in consequence of the rain. The week's precipitation has been
fifteen hundredths of an inch.
highest 85 and lowest 45.
inn
I
.
—
Arkansas. We have had light showers on two
days of the past week, the rainfall reaching ten hundredths of
an inch. The weather is now growing warmer, and excellent
for cotton. The thermometer has averaged 69, the highest
being 84 and the lowest 46.
Nashville, Tennessee.— Telegram not received.
MemjMs, Tennessee. We have had rain on two days of
the week, the rainfall reacliing eighty hundredths of an inch.
Little Rock,
^
vrrr nmnrtl nnA bmnflrlaL
Ix-fti
age thormometer 07'7, ln„:.
..
Columbia, South Carohiut. — UMnn
—
We
hnv
mini
late
.
o'clock
—
Columbus. Mis!<issippi. It has rained on one day of the
week, tlie rainfall reaching seventy-two hundredths of an inch.
Average thermometer 65, highest 83 and lowest 88.
Leland. Ml.tsissiuot.— The past week has been cool, with
rain on one day to the extent of four hundredths of an inch.
The thermometer has averaged 67-6, the highest being 86 and
771
Average thermometer
66-2,
Madison. 1< lorida.—There has been one shower during the
week, the rainfall reaching sixty hundredths of an inch. The
thermometer has averaged 70, the highest being 88.
Columbus, Georgia.— It has rained on one day of the week,
the rainfall reaching twenty hundredths of an inch. The
thermometer has averaged 75 and ranged from 52 to 83.
Albany, Georgia. The rains have caused cotton to grow
rapidlv. Prospects are fine. Crops are free of grass.
Savannah, Georgia.— We have had rain on two days of the
week. The thermometer has ranged from 50 to 91, averaging
Total all
1889...
1888...
1,000
EXrOBTS TO EDBOPB FBOK ALL IXDIA.
Europe
from —
Atlanta, Georgia.—Ttairm would have done incalculable
good but for the three successive cold nights. The weather is
warmer now and cotton is looking better. Stands will be
Jan.
tMtk.
Another porta.
42,000
28,000 1.212.000
Total
Mm*
Tin*
Binee
37,000 1,098.000 41,000
1,000
1,000 114,0001
Bombay
Jan.i.
I.
706.000 39,000
127,000 10,00O
9O3.00O
337,000
49.000 1.130.000
833.000
Alexandria Receipts a.nd Shipments.—Through arrangements we have made with Messrs. Da vies, 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 i>a3t week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
June
5.
Becelpta (oautors*) ...
This week...
Since Sept. 1
—
71.
TM*
Binee
Jan. 1.
Ihit
week.
1887.
1888.
1880.
Shipment*
to all
1886-87.
1888-80.
1887-88.
1,000
2,720,000
S.000
3,876,000
Since
Thit
TMt
\
2390.000
atnm
I
.Sept.
(bales)—
Exports
irui luiwc©;—
•for
io Liverpool
ToContiuent
Total Europe
•
A cantar Is 08
..
;
week. BtfL
1.
..
„
l.j
1.000 340,000.
2,000 1.'•6,000
1.000 222,000
1.000 151,000
Tkit
tmjt.
BifLl.
1,000 293.000
1,000 140,000
3,000 390.000! 2.000! 401.C
3.000 373.000
pounds.
!
This statement shows tliat the receipts for the week ending
5 were 1,000 cantors and the sliipments to all buropo
June
Augusta, Georgia.— There were good general rams on two 2,000 bales.
days the early part of the week, and they were very beneManchester MARKET.-Our report received by cable to-nIgM
The rainfaU reached one mch and nine hunficial to cotton.
states that the market is dull ff-r botb
dredths. Accounts from the crop are somewhat better. from Manchester
and that the mills are partial y stoppiar
Late or replantings are up. Stands afe generally not satis- yams and sheetings,
weaUier work. We give the prices for to-day below, and h«ave thOM
iactory, but a continuance of the present favorable
weeks of this and lart year for compariaoo;
will probably improve the condition. Average thermometer for previous
greatly improved.
69,
highest 90, lowest 46.
^
,
.,
,
i
•
,
x
•
there is much complaint still.
,
r
ror
Milledgemlle, Georgia.—There has been plenty of rain
whether
about
the crops that are up, but there is some doubt
there has lieen sufficient to bring up the replanted cotton.
of
Charleston, South Carolina.— It has ramed on one day
an
the week, the raiufaU reaching forty-eight hundreUtha of
1888.
1880.
-n
Another coiTespondent telegraphs us that the late rains will
bring up a great deal of cotton that was lying unsprouted in
were
the giomid, but many planters complain that the rains
very insufficient and spotted. Plows turn up dry earth, and
33* Cap.
TtoltL
d.
d.
8>4
^^H
Ite.
id.
s.
d.
d.
I
*8'< 6 l>a»7 2
10 8 OSHi 6 1>9»7 8
-=-« 6 I'se? 3
"x/s
OS's
17 8
" 34 7l»i«»87u'6
#7 1
« 8II7VV8V 19 lHt07 0«t
O^l
!9
ima7
Jn'e 7 hi ol^
Mar 3 8
83. pop.
BMrtingt.
!
d.
d.
I
6iis i7iii«»8'4
6>,. |7||i.*8'*
l,.8^
6
7
5
7lJ,»08i4
«,
Zl!»«JI}*
ei|, !7'«
Qg**
—
...!
.....
.
1
;
:
.
. ...
.
9
1
1
THE CHRONICLE.
772
Cotton Consumption and Oveeland Movement to June 1.
consequence of the small movement during May, we
omit giving the usual extensive details of the overland movement. Below, however, we present a synopsis for the month
of May and for the nine months of the season to June 1
— In
1887-08
1888-39
Gross overland forM*y
Gross OTerlaDd for 9 months
Net overland for May........
Net overland for 9 montlis....
Port receipts in May
Port receipts in 9 niontlis......
.Exports In May
Exports in 9 months
Port stoctcs on Mar 31......
1886-87.
63.0.-, R
33,365
43.861
1,432,210 1,350,812 1,241,429
41.186
20,993
8,826
831,15a 936,716 771,792
66,319
131,498
47,426
>,470.501 5,364,30.n 5.172,415
69,222
-- 187,011 220,745
*1,523,606 4,282,985 1,203, C44
238,648 401,885 358,112
Northei-n spinners' takings to June 1.... L,673,J22 1,651,949 1,497,523
428,000 398.000 356,030
Boutlifrn spinners' takings to June I. ..
Overland to Canada for 9 months (In41,693
39,090
37,862
cluded in net overland).. -,..-.
5,6-28
7,902
19, Oi
Burnt North and South in 9 months...
3,303
8,886
9,180
Btook at North'n interior marketa June 1
53.4l!l
58,483 1 19.184
Came In sisht durinz May
5,802,692 6,783,52 6,303.20
Amountof crop in sight June 1
4a7-3B
496-16
485 11
Average weight of bales
.
give the rainfall and thermometer record for the month of April and
previous months of this year and the two preceding years. The
figures are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records kept by our own agents.
May.
February.
March.
Apra.
l8S».|Ii*8. 1887.
1689. 1888. 1887.
*_
-
1889. 1888. 1887.
Tlurmome'er
-
.
—
1889. 1888. 11887.
-
-
-
]
j
ti(mtgom*v.—
Highest...
Norfolk,-^
Highest...
710
72-0
liowert...
18-0
SB-9
49-0
Average...
..
Liowest....
ATerage...
Weldon,—
63-7
17-2
750
272
419
54",
6«B 730
liowest....
11-0
a7-2
.
Averajre...
—
ISl'
4SJ
6«0
701)
130l 18 6
Srr(j
74-0
22-0
46-2
70-t
25-:
48-5
401
Lowest
680i 77X
170: HOC
260
Average...
100
48-5
50-6
Highest....
Moraanton —
21-0
48-9
70-0
29-0
78-8
7B-8
890
93-1
14-1
281
43-1
43-9
44'
36-0
86-0
55 4
930
81-S
Sl-5
53-0
S2-8
90-r
44-1
61-9
46-(
66-5
90-0
49-5
67-9
1888.,
1887
82-0
78-7
34-0
59-0
69-8
84-9
54-5
88-1
30-8
56-6
7W-B
82-4
380, 80-0
78-8
36-2
88-9
880
54-8
1
S7-6i
1
87-0
41-0
8!-4
88-6
44-0
68-7
87-1
39-7
68-0
92-0
44-0
85-R
81-0
440 84-0
680 880
85-8
41-0
66-2
82-0
92-4' 92-1
48-5
78-4
80-1
78-7
88-0
46-0
70-2
85-2
540
721
91-2
66-4
73-9
88-0
880
450 370
45-0
70-0
86-0
49-0
70-0
73-5
71-4
70-
Ifobile.-
70-0
29-0
49-4
75-t
80-(
80-5
66-0
82-8
Highest...
710
89-0
73-0
68-0
760
Lowest
22-0
45-0
2601 33-0
350
32^)
Highest...
Lowest
Average...
360
ittma—
I
Average...
62-7
lubuni—
Highest...
Lowest
Aversge...
LOUIS'NA
.V.
79-0
31-0
57-8
88-0
60-4
64'3
72-0
7
-0
76-5
24-4
51-4
830
:
I
49-0
74-0
Si-5
46-0
81-9
27-7
62-1
860
420
85-7
37-S; 3i-9
81-7 6i-9
68-8
75-5
17-0
45-7
2V-0
44-8
88-0
SJ-0
57-0
666 651
70-3
280; 80-0
47-9J 49-3
79-7
28-8
47-7
86-0
38-0
6U-V
Bl-0
88-3
63-2
73-0
780
74-0
28-0
48-H
83-0
49-4
77-(i
80-0
26-0
48-8
97-0
456^-4
87-5
91-0
31-5
92-0
S8-0
61-2
85-5
950
83-0
S2-C
39-0
67-8
89-8
91-0
88-0
82-4
50-7
87-5
47
69-9
71-1
91-0
41-0
66-8
91
62-0
70-8
91-0
90-9
50-4
70-6
.V2-1
4.1-1.
Bj-4
67-3
880
91-0
940
30-u
60-2
440
46-0
72-7
72-1
96-0
4S-0
74 8
1
Highest... 68-0
liowest....
10-0
Average...
Ml-
8.-0
20-0
66-C
12-0
42-b
447
70-0
25-0
44-1
70-0
18-0
44-5
70-0
78-0
280
3-i-O
77-0; 74-0
360 271'
47-6
66-9
56-1
55-5
810
89-C,
32-0
63'8
40-0
63-8
81-0
54-0
88-0
59-0
I
300
76-0 780
(5-0
300 280 815
57-0
5:i-i
84-2
85-8
81-5
44-0
79-0
78-0
40-7
80-8
48-8
66-2|, B8-;
6J-S: 62-1
88-0
64-0
70-2
85-0
.s.>-.
68-0
81-9. 74•^
78 2
83-8
87-0
S7-(
32-5
34 8
52-1
75-0
16-5
46-2
67-0
21-0
62-8
7«-0
Sill
61-9
i
76-0
820
83-0
S.'i-O
38-0
82-5
4-2-0
87-1
39-0
84-6
89-0
46-0
70-0
86-8
48-5
67-9
74-01 73-e
87-0
91-0
48
61-0
74-0
.
Orleam.-
Uighest...
Lowest
Average...
S^reveport.—
Highest...
Lowest
78-7
Lowest
Average...
LtbeHu Utit—
44-1,
69 9
83-5
8"-0
90-9
62-1
75-»
8.S0
39-0
58-8
81
610
67-4
48-0
69-8
96-2
38-9
07-6
8801 89-5 98-9
500' 51-8 52-9
86-3
72-7
78-4
73-0
75-9
41-8
60-4
79- 1! 81-6
36-9, 38-0
84-1
85-1
.-S'5
89-2! 86-7
S'l'b
51-0
43-91
50-3
72-0
55-5
74-7
80-2
89-3
74-4
93-0
42-0
71-5
95-0
40-0
70-5
90-0
90-0
33-0
90
88-0
44-0
60-0
70-4
860 850 920
960
89-0
90-8
42-0
60-6
48-0
600 681
720
71
74-9
880
90-
89-0
58-0
72-0
87-0
52-0
i
34
70-6
36-0
55-3
630
80-8
40-0
64-6
84-0
o:
3!-5i »4-6
54-7
59-6
700 691
64'
880
280 380
Ji-Ol
710
310
72-0
38-0
84-0
Lowest
Average..
496
56-3
890
57-0
68-8
75-0
49-0
66-5
71-0
70-0
74-0
84-0
70-0
26-0
UIghest...
663
49-2; 81-1
27-0
Averau-e...
9r'd VoteiVfUlghest....
880
42
680
90-0
42-0
63-0
8V0
80-0
34-0
02-0
82-0
69-0
71-5
69-0
580
78-5
masiss'Pi.
lotumtiiM.—
Highest...
TOO 62
Lowest ...
Average ..
280
IOC 2U-0 24
40-O
480
83-0
50-0
Ui/hest...
79
24-0
740, 79-6
280 87
800
Lowest
o!
Average... 400
fruoWiaren—
Highest... 780
02-7
82-7
69-2
36-0
65-9
720
Lowest
250
32-0
Average.
49-0
880
78-0
38-0
61-0
76-0
32-0
54-0
730
280
65-0
30-0
48'0
79-0
35-0
57*0
...
9re€nt^Ule—
Highest....
780
t'5'0
58-6
83-5
31-2
65-7
80-1
7.S-0
77-o'
34-01
69-o;
3«9
60-4
48-0
85-8
45-8
83-0
43-0
86-0
44-0
e8-"
300
590
630 6
81"
90-0
12-0
88-^
87-0
620 76
47-0 320 370
820
480
52-5
69-0
Average...
Lelaiid—
49-0
Ulgllest....
73-0
740
Lowest
260
AveniiCe...
48'6
29-0
48-6
80-0
32-0
56-8
81-0
29-0
51-5
700
190 23
400 40-2
81-0
29-0
55-0
76-0
73-0
Highest....
67-0
2O-0
42-4
HlKbest...
Average...
Charlotte—
Hishest.
Lowest....
75-0
20-8
46-7
May.
April.
BOO
5B0
780
80-0
89-0
61-5
82-0)
88-9'
77-0
27-0
48-3
74-0
78
32-0
38-0
60-0
42-0
52
70-0
700 690
91-0
55-0
76-0
90-0
43-0
OT-0
89-0
41-0
67-4
88-0
47-0
71-8
81-0
47-0
66-6
930
900
42-0
61-0
80-0
84-0
44-0
65-8
850
330
601
CtarlwUile—
N.CAR'l-A.
Wilmin^onBigbest.
M-e
80-0
Lowest
Average...
Lowest
VIRGINIA
XLVm,
AI„AUA.MA
1
Weatheb Record fob Apkiu —Below we
March.
l-t9. 1888.
(
.
[Vol.
February.
J
1
IhtrmoneU
bales.
1
Wilson
1
Lowest....
Average...
SUuUr—
Highest
Luwest
49-4
76-0
28-0
67-0
.
Avei-age
280
..
300
83-1
41-0
58-0
80-0
41-0
81-2
98'0,
860
39-0
30-0
62 2
41-0
85-8
88-0
44-0
69-5
94-0
48-0
63-1
82-0
46-0
03-0
92-0
92-0
48-0
70-0
83-0
03-0
70-0
95-0
55-0
74-0
me
33-5
8-2-0
S80
86-0
73-5
*RKANS'8
IMUe Rci.78-0
lT-0
42-1
78-0
18-0
44-9
72-0
79-0
sru
80-5
25-2
74-9
230
475
52'd
49-7
65-4
82-0
46-0
6a-P
86-0
43-0
68-2
78-0
72-0
76-0
78-0
180 240 280
48-8 500
320
5u-8
78-0
88-0
49-0
74-0
30-0
55-4
82-0
43-0
04-5
81-0
40-0
64-6
69-8
l«-8
44-5
75-1
19-n
45-1
83-0
70-0
It-o
30-4
66-3
11-0
74-9
22-7
41'S
493
50-4
Highest...
770
17-0
41-4
71-0
21-0
44-0
74-0
Lowest
200
820
85-0
aighest. ..
Lowest....
Average...
Htleiui—
HIgnest...
Ltjwest ...
Average...
iirl
43-0
Smvth72-0
Uighest...
655
Lowes;
180
Average...
SO-7
SlJ-0
88-8
89-0
440 450
52-i>
89-1
71-4
88-0
43-0
60-0
80-0
48-0
08-7
96-0
56-0
75-B
900
400
88-0
44-0
67-7
91-S
60-0
70-5
910
88-4
37-0
86-0
88-S
80-8
70-7
88-4
40-0
90-8
88-0
64-u
90-01
37-01
66-0
83-e
760
87-0! 89-7
91-3
200 230
2'4-(..
50-4
47-8
61-4
43-0
62-8
45-0
65-0
83-8
78-0
788
76-7
260
23-0
48-6
-^4-0
49-2
85-0
33-0
ns-8
61-9|
31-9
50-8
800 60-0 76-8
3)0 180 29-9
Bij-O 498 ai-
•n
88-0
41-0
61-8
88-0
87-2
930
430' 38-4
47-0
88-2
300
fitCAROL'A
VharUston.—
Highest-
70(
71-8
Lowest....
SO'O
276
Average.
.
SpaTtauh'g —
SO-4
33-9
50-7
400 f4H
87-2
78-1
Highfcui.
.
Lowest....
Average...
Statetmrg.—
'.'...
74-0
74-0
8»-5
55-2
U-o
53U
72-0
80-0
150 29-8
220 200
45-<
47-0
4U-2
50-3
85-3
S3-4
62-6
420 3S-3
03u 032
91-0
31-0
88 6
08-0
81-6
48-8
060
490
87-0
51 8
72-3
71-0
j
88-8
561
727
930 920
33-0 430
661 670
81-4
49-1
82-5
75-0
84-9
86-8
870
9-47
88
1
860
247
290
39-2! 42-0
44'(
522
51-7
61-9
62-2
89-8
61-4
45-6
69-7
5-20
70-9
15-C
75-0
2rt-0
820 850i 89
390 43-0 S6-0
9-2-0
So-0
77-0
30-0
890
560
54-4
55 5
66-;
67-1
64-6
72-9
87-0
45-0
71-8
77-i)
82-0
29-0
53-b
87-5
90-0
41-2
66-1
90-5
93-5
45-0
71-2
91-0
08-»
71-.
Jl-l'
750
Lowest.
H»0
21-1
31-0
29-9
Average...
43-7
4U't
51-1
Highest....
750 70
IMU 22-1
75-1
30-0
58-0
630
75-(;
77-(-
29-e
5J-9
29-6
54U
23-6
52-8
Aikm—
B4-8
i
860' 91-0
78-4
Highest...
. .
800
839
64-4
71-9
Average.
Columbia
.
Highest....
Lowest....
Average
.
(
44-2
51^
098 70
C
18-6
'^i'
43«
50..
390
64-7
'
460
UIghest.
Lowest....
Average..
MemphU.—
30 5
62-3
UIghest...
Lowest
Highest...
Xiowest.
.
•
Average..
AtlatUa.Hlgheat...
XiOwest.
.
78-.
73';
76-9
80-0
2j-0
4»-l
22
.^o-e
310
51-4
54-9
62-1
75-0
14X
avi
.
Average..
Savannah.—
Highest..
XiOwest
Average...
.
CWumfriM.—
Highest...
ATeni«e..°!
Bom*.—
81-0
73-8
88-C'
130 289
52-7
49-1
79-71
72-c
H\i 27i
401 5SV
63U
34-9
58-7
69-0
43-0
56-0
62-.
ao-ij
21 -U
40-0
BIX
78-0
88-0
60-0
80-7
27-8
54-0
82-7'
28-9
63-2
87-0
87-0
90-7
43-0
6a-3! 66-4
240
25-2!
85-o' 84-3
34-0, 39-7
50-6
50
61-0
77-8
75-3
71
81-0
B»-0
72-0
29-0
8-2-8
83-0
BO-0
89-0
890'
460
730
50-0' 86-0
71-0 77-0
83-0
45-0
680 600
85-0
82-0
89-0
42-0
62C|
69
65
«&'l
16*1
73-0
77-0
78-0
74-0
82-0
WO
8'J-O
30-.
2r0
S0-('
Average.!
4ii0
49-0
53-0
51-1
51-0
B3-0
aso
030
8J-0
42-0
02-0
•;6-0
720
900 910
2V0
S2-0
32-0
57-1
88-0I
23-0
84-0
83-0
34-0
67-4
82-0
20*0
48-0
78-0
34-0
B7-5
42-0
66-4
48-0
68-8
38-0
66-6
810 81»10 32-5
83-8
38-2
81-0
39-U
800
88-0
e«-2
64-4
570
88(.
44-0
65-6
49-c,
60-4
83-5
85-0
60-3
lOl
68-7
37-6
67-0
70-0
73-0
52-3
61'.
658
78-6
b7-0
61-4
76-0
40-3
61-3
820
3 St
76-8
38-V
75-0
S14-U
48-0
87-0
81-2
58-0
70-6
8£'2
41-6
67-3
83-1
8I-C
04-0
940
32-0
SBC
000 801
320 38-0
400
860
4«-(t
84-0
36-0
72-0
62 2
Highest...
Lowest....
Average..
!
66-9
1
72-5
1
Highest...
Farnth-—
08
9C-b
420, 47-8
'
60-0
88-7
57-1
72-U
7i-4
62-0
690
410
88-0
41-3
03-9
45-9
73-7
960
500
83-cl 88-1
32-5
50-8
71-1
90-0
93-8
46-U
71-9
35-6
81-2^
80-4
890
71-1
60-6i 63-7
78-5
320
53-1.
39-0
64-0
99-0
4!.-0
88-1
38-3
62-7
(14-1
77-0
31
83-0
47-0
eb-0
986
29-2
03-4
890
r,Tb' 56-0
72-5
91-0
91-0
49-0
09
540
i8-6
Jllghest...
Lowest....
Average...
OMlar K«n.Hlghest.
Lowest....
Average..
.
Lowest. . .
020 589
Average...
Highest....
8.S-0
810
84-7
38-0
5o-4
37-11
441
50-a
6J-9
.
AT.»rt«^«'
.
.
90 U-0
Luwest
89-3
42-3
3S-7
59-5
'.'.'.'.
....
Lowest...
Average.
Paiestine.
—
Highest.
Lowest...
Average..
73-3
88-0
41-0
87-0
57-3,
75-0
90-0
88-0
800
77-0
75-0
84-0,
210
801
47-2
24-0.
49-41
34-0
61-6
90-0
43-0
66-6
860
27-0
90-0
32-0
69-1
79-41
45-6:
65-21
81-4
63-01 55-5 51-2
69-21 71-2: 69-4
88-0
67-0
74-0
83-4
61-8
74-8
88-7
66-»
75-9
88-0
48-0
70-8
88-3
91-9
480
48-B
660
70-4
72-1
90-2
93-01 93-0
290
330
411-01
92-0
39-1
56-9
61-8
82-4
86-0
88-0
48-0
67-3
98-0
60-0
74-2
80-8
76-0
26-0
60-6
780
73-0
45-0
75-0
68-i)
60-1
82-0
78-8
29-3
53-3
270
j
69-0
720
4-2-0
53-9
40-0
88-8
74-7
47-2
62-9
80-0
24-0
50-4
75-0
33-3
63-3
81-1
22-8
64-7
380
87-2
fort EUiot-
Hlgbest..
Lowest...
75-0
Average
32-0
78-0
0-4
41-0
76-0
20-0
47-0
70-0
29-0
47-6
IB-Oi
4S-0|
Highest....
80-0
80-0
Lowest...
Average...
410
26-Oj
67-41
.
Otefturtw—
UIghest...
Lowest.
. .
10
Austin—
2-»-0
77-8
s-i
38-9
78-0
4'2-6
1
85-1
80-0
21-0
45-6
87-8
8-6
41-4
828
80-0
34-0
78-0
79-0
87-0,
50-0,
33-9
61-3
67-3
84-4
41-9
08-5
88-0
88-0
350 37-4
57-91 59-0
24-u
60-3
8'
39'9
81-0
24-0
83-0
21-0
860
50-0
38-01
58-o; 48-2
572
680
60-2
650
80-5
40-0
88-81
36-0,
89-0
47-0
69-9
89-0
68-0
96-0
43-6
73-2i
70-4!
8l(-2l
78
40-0
60-6
42
63 6
8J-0
BO-0
280,
34-0'
sro
560
6801 70-8
93-0 100-1
58-1) 61-5
90-5
40-6
73-3
751 7e-B
AprU.
February.
March.
1889. 1888. 1887.
1889. 1888. 1887.
SainraU.
74-9
93-0
56-5
91-3
56-3
73-a
Sarfolk,-
8<V5
lUl-
(6.7
S.
5T0
75-3
74-9
iViiminjt'iiRalatall.lo
l>avs rain..
<
54-0
69-2'
TEXAS.
ffa'i'Mton.—
Highest....
72-3
74
650
7o-J
420
586
87-0
34-0
60-8
66-3
63-0
....
99-.
97-.' 84-0
45-0
72-6
U'
58-0
761
682
82-0
41-0
60 2
870
41-0
63-4
83-7
89-4
62-a
86C »Vt
89 8
88
56-0
44-0
60-5
62-
;C-7
5i-3
7i-3
73 9
48-0
880 716
Af.ll/,
1889. 1888. 1887,' 1880, 1888. 1887,
f
HMl fall.ln
4-21
6-22
2-61
7-52
llaysraia..
9
12
13
11
4-66
2-41
16
1-61
6-57
12
0-97
8
3-37
4-5S
16
12
17
8-46
17
1-94
6
2-18
1-10
3-96
4-84
4-41
18
6
8
10
9
8-68
14
S-18
18
8-84
4-58
11
4-88{ 11-87
4-74
1-4S
14
1
CAK'tJA.
10
13
8i-(.
20-(i
740 82-0
300 4U0
.ill
5H-:-I
figures lor
It
B3-I1
87-0
44-0
80-0
30-0
83-0
310
SS-tl
83-0
46-0
88-0
52(1
6*--3'
wt-r
fti.-*'l
tTX
70-01 H«-M11
88 uiiU 1887 are for
A
79-0
910
500 570
91-0
72-2' 74-5'
8^-0
60-0
70 I
Rainfall.m
Days
rain..
Kalnfall.li,
Oars rain..
fViUon—
3-53
7
S30
4-50
4-2',
7
10
8-11
3-04
3
8
3-87
7-41
430
10
11
6-59
12
1-18
12
4-81
16
1-62
6-22
11
8-V3
2-60
8-38
8
8
9
7
8-81
8-26
4-!7
s-so
5-29
8-07
14
Days
ruin..
8
6
9
8-12
S-37
8-lli
iibruaiU^m.Rainfall.ln
Dav.'* rain.
cher.
11
1
aainfnil.ln
-
Highest
080
40
83-4
34-0
60-0
73-0
73-0
0(iarJott«-
Lowest
Average..
7-2-0
38-0
1
ritiMt'ille-
Jallahatue
43-5
avo
810 82-0
360 380
320 60-8
75-0
28-0
46-3
71-0
24-0
5u-0
VIKOINIA.
Lalce fi(i/«Htehest....
. .
39-b
.
Average...
910 92-0 920
500 540 62-0
FLORIDA.
JaekamivUU.
Highest.
Average...
8-i-O
140| ISO
Avjruge...
49-0!
4U8t»ft.—
530
li'o
—
—
Avertige..
i.»hwO'Ht.—
74-4
GBOROIA.
Aimuta,—
•
Nashville.—
1
Lowest ....
Lowest
rE.NNES'B.
4-80
7
9
8
7
6
7
1-92
^1
1-81
5
1-74
7
1-75
4-90
7
8
0-81
!
14
8-07
7
B-M
3-64
19
16
6-89
18
8-76
6 0» 13-49
7-60
6-15
10
;
8-801
5
6
»
j
2-61-
10
11
1,-.
IB
I
Jvjn
!
THE CHKONXCLK
1888.J
8,
Ftftruary,
March.
Avra
1880. 1688. 1987.
1886. 1888. 1887.
188». 1888. 1887.
IMnfU.
8,
The report hn-
Hay.
88». tasK
\mf>.
CAROL' A
Oltarlmttmr-
7-49
14
0-00
ft-OS
0-30
3
20
1
8-ia
II
1-69
8-27
6-90
0i»7
1-07
11
4-«e
11
12
9
10
7
«
iUliifull.ln
6'3S
S-M
7-8r
0-96
4-10
1-60
8
7
3-89
10
S-79
Dsyii rutn..
9
9
8
8
a
480
4-2S
11
2-33
2-44
1-51
0-91
8-17
e
6-80
11
1-B2
11
7
6
8wirMnh'o~[
rttln..>
SUitti
6«
Kalnliill.ln
D»rit rain..
OoIwrriJ'iii.—
Halnfnll.ln
7
mln..
0-BO
7
a-ss
9
a-BS
1-40
1-88
8
2
10
2-!ie
9
0-98
S-M
4-«9
6
18
18
10-90
8
0-83
1-44
10
8-98
8-63
9
10
8
»-77
1-18
9-68
8-84
8
4
7
9
9-99
18
3-01
6
4-59
1-81
10
10
7
9'8«
18
1-78
11
0-38
8-60
9
OBOKOIA.
8-18
10
Bahiftill.lD
Dik>> THln..
4-H
2-9ft
2-78
11
14
7
R-74
2-49
iUlnr»ll.tB
U
Dttjn rain..
Ootun\i>ii*.—
RslnfHlI.ln
0-84
2-71
0-S7
S
6
8
6
8-84
1-34
2-S8
0-71
18
S
8-18
11
3-42
12
3-68
14
S-S2
8-*4
0-76
9
7
8-15
6-77
S-Bl 18-19
8
rftln..
7-79
10
8-77
1-99
iUiiiiull.ln
Day
7
7
4
8
4
9
8-10
5
2-04
1-40
1-04
8-Sl
4-SO
3
S
2
9
8
3-28
H
9-98
3
1-18
1-25
6-05
2-95
a
8
3-52
0-55
8-23
1-98
5
4
4
B
12
4
a-oo
4-i)0
34S
9-03
S-36
V
9
4
10
9
((•74
737
8
5-93
12
2-48 11-50
8
6
11
S-8B
15
4-38
IS
0-34
1-38
1-57
S-Sl
3-98
0-93
3
9
6
4
8
9
0-19
0-94
1-47
4
9-07
10
1-87
11
8-78
11
8
8
8
8-41
12
0-98
3-17
1-34
4-11
4
5
S-SO
4
5'49
14
7-11
l-IO
12
7
7
3-86
5
810
1-15
4
2-75
4-35
4
3
rain..
3-49
10
7-67
13
Rain'all,ln
4»1
10-33
8-62
10
13
9
2-72
7-85
4Se
Balnfall.ln
rain..
tt
B«inrall,ln
Days
rain..
8-06
8-02
3
i
8-10
4
9
DaysrHtn..
Borne.—
Days
11
»
6-91
11
8-13
10
4-18
7
8-46
16
7- IB
0-09 0-63
2
6
1-70
12
4-43
7
9-18
3-29
8-94
8-22
FLOKIDA.
Ralnfall.ln
Days
rafn..
(Mar A'fW.Balnfall.ln
Days rain,
laki Cifi/*-
i
I
iUlnfall.lQ
Days
rain..
3
TUusrilte—
BaiDfall.ln
Day^
rain..
JaUahastee—
Rainfall.ln
Days
rain..
V
1-57
8-16
8
3-20
3
7-78
8
0-88
4
W
14
8
2-59
3-19
5
II
8
13
0-30
8-10
10-40
2-80
1
5
11
5
1-18
B-19
2-!'4
8
17
13
7-SO
3-06
11
2
ALABAMA.
MorUi/om'y.—
Ralnfall.ln
Days
Days rain..'
Sllma—
Kalr.r^ll.ln
Day? rain..
8
12
5-72
11
7-34
2-95 11-51
4
12
0-72
848 724
3- 60
1-65
3-39
7
4
8
3
11
3
3-lS
7
•
2-27
1-38 10-21
0-95
2-81 11-21
8-27
3-73
KalQfall.ln
rain,.
11
T
290
1
l-8(
H'84
3-73
5
4
12
9
1-87
0-69
0-30
2-47
1-89
5
U
4
6
8
3-86
6-4^
3-37
8-28
5
13
9
IiOUlS'ANA
a-78 11-21
Rainfall, in
Days
10
rain.,
13
Stvtvei'ort.—
2-03
RalcfulKlD
Days
rain..
1-2H
8-681 3-44! 5-15
3
»
4
2-6?
1-77
305
9-iXI
14
17
10
13
»«7
3-68
5-90
2-28
3-80
10
Days rain..
MISSls'Pl.
9-7B
12
0-44
201
Days rain..
tAbtn\iUiaRainfall.ln
4
4-49
5
3-31'
0rd. CoteavrBalnfall.ln
Rainfall.ln
8
081
7-41
8-80
7
5
3
2-66
4
6
3
2
12
8
2-37
4-54
,VM
8-00
4-88
1-95
0-85
1-49
5-58
6
8
10
2
6
3
8
4
8-78
7
2-2K
rain..
S-15
12
4-40
10
5-12 12-25
10
0-44
Kainlall.ln
Days rain..
Bnokhaven—
13
4-13
17
7-92
12
2-94
2-82
S-51
1-42
8-50
5
5
6
3
8
8-89
10
0-75
7
2-00
3'u5
11
5 40
11
rain,
Days
KainfalUo
Days mln.
7
0-80
IS
8
4
8
5
2
2-71
2-41
2-74
2-60
1-06
S
4-42
14
9-88
7
9
4
8
1
8
8
7
11(3
1-91
1-80
6-03
3-67
8
4
4
9
6
8-80
4
1-46
3-21
8
8
4-80
10
1-85
4-99
S-44
8
4-03
4-76
8
8
I
10-10
10-W
13
13
a-56
8-47
6-45
2-86
S-BI
5
8
4
8
5
1-99;
4-03
12
4-54
10
Days
8-50
rain..
9
6-30
9-50
4-80
1-70
2-30
2-75
8
15
4
8
4
4
6-43
5-06
0-49
B-09
6-08
ARK'VSAS.
Uau
1-48
Days rain..
Btlena—
Rainfall.ln
rain..
2' (9
8
8
13
2-32
8-40
8 65
b
0-84
8
4
4'-2S
3-90
3-«2
8-91
1-B5
8
13
7
7
8
4
4-83
14
3-09
10
1-83
7-94
2-31
4-70
8-49
8
10
9
9
8-47
6-46
«-«7
14
3-36
11
4-18
14
7
8
8-33
14
8-40
4-181
16
7
3-47
11
3-49
7-43
10
4-56
8-18
8-72
9
8
7
S-17
7
1-77
4-31
11
14
10
IB
2-98
9-30
Wort ^-nith—
Haintall.ln
Dajs ralu .
9
1-78
3-80
15
1
4-88
10
14
President, C.
V.
w....... Walter T. MUler;
Lehnuin, Theo, P. Ralli. Qwo. A.
Miller. B. 8. Clarlc, R. H. Allen. Robert Wo
Rav, 8. Oruner. R. P. William», H. T. Hubbard, jr., J. U.
White. C. E. Rirh. J. O. BIom and (}eo. Brtmnaoke; TriMleeof
Gratuity Fund, W. F. Sorey.
Meyer
~
II.
Eaht India Crop.— The foliowinK ia from Utmn. Oaddua,
Bythcll
Co. '8 cotton report, date<l Bombay, May 8:
There turn bcea h ileaily lUllr il« iiiknil throughout th* week fer
nx|M>itors anil niMIa. Tbn Itrm adrlira froiu l.lrrrpool,ea4 tbcMlTaaee
In H|H>t u.tton bail Itactrcct cm onr - r 't t nn I rutin fur iiinil ilmwln
tlousnrc 2 riipcea p<^r uaiidy dcArrr than when w* laat wrol«. ArrlTaw
this week arv twinw tbnao of Iiyit week Uj almut 3,)00 belae, ead wa
cxiieot receipt* will uow fe'l off week l>y werk. Up-oooittry arrlTala
&
nlR»
ibow a
fulltait off.
and
In
some markeu tbe reeeliM are qalte
uominn).
Cotton Report por thb Memphis DnrBicr fo« Monii or
Mat. Meesrs. Porter A Macrae, of Mempliie, Iwued on Matf
—
on the cotton crop in the Meinptak DbMot toe
of May. It is compiled from 688 returns and miibmarized as follows
Fitty-alx report atan la better than lit-t jeer. 82 ttie Miia aad 4M
not OS t'ood; 9.')s<}-|hat no replnntlnK baa lieen neoewar S38 ilate
Ihatltbaa; 100 mport thai the |>lani la more funrard than a T*ar
Aci-nnlloK to 1(>3 rtplba there has
aito. 453 lusa. auit 79 the aame.
been auniclcni iiiulicuie. 53Jnut enough: <>'i'i reiwrt llahia nlien. 1
Kraxsy. Oa the uvirage the leavin la saren daya la er than last year.
We have had lieuoral rains, but the weather haa been too cold.
81 their report
the
month
. ;
—Mr. Henry U. Ware,
of the tlrm of Messrs. O. 8ohroed«r
died suddenly of apoplexy on Thursday, June 0, at his
home, 49 West Forty-ninth Street, this city. Mr. Ware bad
been for many years connected with the 5few York Cotton
Btxcliange, and was also a member of the Produce Exchange.
The funeral services will be held on Saturday. June 8, at one
& Co.,
from his late residence.
of Cotto.v from New York
Exports
Tub
nn increase compared witti last week, the
this week show
total reachinff
Below we give
12,064 bales, ajjainst 9,835 beJes last week.
our usual table, showing the exports of cotton from New
York, and the direclioi, for each of the laU four w.-ek9 ; also
the total exports iind dir ction sirice Sept. I, 18*-. an 1 in ihe
last column iho total for the same period of the previoua
ExroBTS OF
conos
(bulks)
kuoh new vdrk siscs ssrr
Msported
to-
Hay
30
23
Liverpool...
Giber BrttlBh ports....
5.782 10,908
TOTAL TO GT. Britain.
,088 10.906
310
Havre
I
705
l.SOtil
Total Fbbsoh
310
487
Bremen .....
HMmburg ...
9
9-51
14
Memptiit.—
Hamfall.ln
3-78
IS
1-W)
10
2-49
11
HamfaU.ln
Days rain,,
AuttiH-
2-71
3-31
7
8
HalDfalt.ln
8-71
Days
ruin..
—
I
pmried
aajit.
pravi'iM
1.
7,933 825.058 456.786
2.800 13».42»: 9I.127
4.303
5.008 10,753 664,«87 547,913
150
764'
96,5'isl
ZtJOen
I
S5S
150 96.508 38,440
764
19l'
1^32
1,201
160
39.564
70.605
ll.Bn
63,028
4«6
9i0
150
761 110.328 108.789
TOTALTONO.EOBOl-E..
2,073
1,116
1,502
911 220,497 183348
4c
1,600
Olher ports.
Sp'n.Op'tO.Glbr'lt'r,
400 1,089
Another
GRAND Total......
2.000
.
13,710
2,912
1.089'
14.02?
250 17,955 18,033
523
1
250' 30,865
3.425
27.05^
7»6.73»
11.471 13.935' 9.93^ 12.004 97-i.l74
«-o"o^^^
THE Following are the Gross Receipts offor
the p—
Boston, Philadelphia and Baltimore
week, and since September 1, 1888.
New York,
PBltAnSLF"'*
1-81
rain..
ISiW.
ratal
tiHcr
Jfoy
TB.NNSS'E.
Ralnfall.ln
I.
Waaitatutina-
JliuhrMi.—
Days
h^
IIANUB—Ajirvai. EUCTtOII.—Tb*
iiifl
manaMw of Um New Yuvk
'i<Ut, JtUM 1. ThefoUowt^
rertdnit, J. H. Parkw; ViS-
Total Spais, Ac
liiKk.-
Rainfall.in
Days
»<
annual election
Cotton Eschaii
were the mif<
310
OlMler.—
UalDtall.ln
b«
Other French ports.
1-20
8
rain.,
Ctark-'tl'ile—
5
1-10
3-74
Kain:all,ln
2-41
6
1-80
rain..
Rainfall Jn
3-53
4-50
2-20 10-50
Ralnfall.ln
Days
4-90
may
I
7
FfcJulurp.-
Days
I in circular form and
it (irlnteil upiin Ihmn.
year.
12
....I
OolumifU*.—
Days
I"
1
o'clock,
1*
B-HB
15
,-79
4
5
Aufcum—
Days
u
New Yokx
2-29
19
3-64
1«
3-64
ID
Dairiraln..
I)ft]rB
in quantity
773
i
BlUnriill.ln
DftTn
1
:
'
nu
4tlM<
iAtTJUOBS.
n4<
mm—
WM*.
Athworrd
Days
5
rain..
7-03
14
8
3-33 12-57!
11
13
2-98
5
8-87
4-51
10
9
1-98
»
5
liuM
..»«.
TKXA8.
"
784
3-81
8-84
1-40
s-is
8
12
8
8
8
4
9
4-74
9-48
1-45
2-31
C-74
rain..
4-02
It
Ibrt Elliots
Ralnfall.ln
0-99
0-81
Balnfall.tn
_1>BT« rain..
«lMt«n«—
Balnfall.ln
Days
a
rain..
w*urn»—
12
11
1-8^1 0-40
OKW
7
8
8
!
1-981
4
8
6-68
8
0-19
1
4-86
8-6V
6-09
8
9
tt
474
>
^luUn-
2-80
11
3 01
4
1-74
14
2-85
O-.'K
1-47
6-lf
8-?4
lU
5
4
11
8
ujiiii
1.S4S
"ii
UM
WVKM
US
3
1
Ralnfall.ln 4'4S
Days man..] 6
mjM
•••—
7
«aitw>ton.—
_Day»
SIT
arm
so*
......
SIS
ia.Mit
Sl4l«
121
sT.sS
».0«B
9.IS6
J^
banp°K
JUTB Burrs. Baooino. &c.-The market
of
been moderate! V active and a fair amount
f,''^\~?,^
moved. Prices are steady and sj-Uers are '!""''"»« J*,V|]?**2:
Cotton Acreage Report.— In our editorial columns will be as to quality. Th.r.. is a s*™'!'^'' '•*»"«»«a¥^°«J?^
acan
with
Mported.
found to-day our annual cotton acreage report,
jute butts, and «it'. a fa:r demind
af« heW ••
qaaMtiei ^^f*,^*^
count at leagth of the condition of the plant in each section of ire quoted at 1 . -.. while bagjinj
RalnfalMn B-02
Days raln..l 10
•
1
1-71!
0-88
8
Klgurea for 188* and 1887 are
the South, together
2-49
1-79
S
4
r>ir
Arober.
for
2-83
10
t inapprejlabla.
with our rainfall and thermometer record.
3^2?ic.
...
.
.
THE CHRONICLE.
774
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
25,789 bales. So far as the Southern ports are coacerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Liverpool, per Bteamers Adriatic, 637
Auranla, 829. .City of Berlin, 502. ...City of Rome, 3,022
Donatl, 1,011
Gallia, 1,090
Italy, 624
Nasmyth, 4
Wisconsin, 234
To Hull, per steamer Hindoo, 2,700
To Newcastle, per steamer Otranto, 100
To Havre, per steamer La Bourgogne, 150
To Hamburg, per steamer Rbaetia, 150
To Antwerp, per steamers De Euyter, 3O0....Fennland, 461
To Genoa, per steamer Neustria, 250
New Orleans— To Liverpool, per Bteamers Andean, 734
Carrilibean, 1,996
Discoverer, 2,065
Inventor, 2,178
Chableston- To Barcelona, per barks Linda, 1,090
Vltr
torla M., 1,640
Boston— To Liverpool, per steamers Kansas, 1,703
Soythia,
785.... Venetian, 881
Baltimore— To Liverpool, per steamer Nessmore, 394
To Antwerp, per steamer Gothenburg City, 259
Total
7,953
2,700
lOD
150
150
761
250
New York..
5 62
5 62
5 62
5 62
6 00
6 00
5 63
6 62
5 44
6 35
5 82
5 62
5 62
6 62
5 62
5 63
6 00
6 00
5 63
5 62
6 44
5 35
5 32
6 63
5 63
6 01
6 01
5 63
.
5S4
Oct.-Nov.
..
5 32
Ant- Barcewerp. lona.
burg. Genoa,
150
150
250
761
Charleston
2,730
Boston
„
3,369
394
Baltimore..
Total.
12,064
6,973
2,730
3,369
»S2
»32
*32
»32
Hi
^32
^32
^32
—
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, &c. at that port.
17.
d.
May
d.
6 03
i£ay2i.
May
31.
80,000,
46,000
121,000
50.000
Saturday Monday. Tuesday.
steady.
Mld.Upl'd8.
46,000
1,000
5,000
37,000
17,000
59,000
877,000
655,000
54,000
39,000
142,000
54.000
More
demand.
46,000
3,000
1,000
39,000
8,000
50,000
856,000
635,000
37,000
23,000
162,000
59.000
Wednes. TKund'y.
Moderate
demand.
Firm.
6I18
7.000
8pec.&exp.
60,000
2,000
2,000
50,000
10,000
58,000
850,000
614,000
61,000
30,000
118,000
40.000
6iie
500
10,000
1,000
7,000
1,000
12,000
1,000
Qoiet.
Steady.
Stead;.
Steady.
Qnlet.
Firm.
Steady.
10,000
1,000
Friday.
Quiet.
61,
7,000
500
Futures.
Market,
2:30 P.M.
Market,
F. M.
)
StaadT.
Kasy.
5
}
^
Qnlet but Qnlet but
steady.
steady.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands,
August
6 03
6 03
AuK.-Sept.
6 03
6 47
603
September
Sept .-Oct.. 6 88
685
Oot.-NoT.
.
5 48
6
6
6
6
6
02
02
03
04
02
6 02
6 46
5 87
S,
Thurs., June 6.
d.
d.
6 02
6 02
6 04
6 02
6 03
6 03
6 04
6 02
6 02
604
5 47
5 87
548
686
634
638
535 534 685
6 35
FrI..
d.
6 01
6 02
d.
Open High Low. CtMt
d.
d.
602 601 8 02
6 02
6 04
6 04
6 02
6 02
5 47
6 38
6 34
8 01
603
6 03
6 01
6 01
8 02
6 03
6 04
8 01
6 46
5 38
June 7.
d.
802
6 01
8 02
6 02
6 00
8 01
5 44
6 35
6 32
6 03
8 03
8 02
604
8 02
6 08
600 8 02
6 01
6 47
5 44
6 02
6 46
635 536
5 32 634
d.
01
602 6
802
636
534 684
d.
8 01
6 01
6 02
604
6 08
6 08
5 48
6 36
534
('
BREADSTUFF S.
Fbiday, p. M., June 7, 1889.
being sold down under improved crop accounts from the
Northwest, we were active and advancing on foreign adReports of damage to the crop in Russia by
vices.
drought were supplemented by brisk export orders; but
the improvment was quickly lost yesterday, when the
interruption of communication with Chicago had ceased.
The export business on Wednesday amounted to 115,000 bushels, including 75,000 bushels No. 3 Milwaukee to
arrive by lake and rail, at 83c., c. f. i., and 40,000 bushels No.
3 red AVinter at 81J^fa82c. f. o. b. Weather reports from the
Northwest were variable and somewhat conflicting. Harvest
has begun in Southern latitudes, and we shall soon have
samples of new wheat on our market. To-day the market
was better on reduced crop estimates from Missouri and Ohio,
with a limited export business.
DAILY CI.08IN0 PSIOE8 OF HO. 2 BED WDTTEB WHEAT.
June!.
of spot cotton, have been as follows:
Bales
Jane-July.. 6 04
Jnly-AuK... 605
6 0S
6 05
6 05
June delivery
44,000
1,000
2,000
38,000
7,000
59,000
898,000
669,000
The tone of the Liverpool market for spots and futures each
day of the week ending June 7, and the daily closing prices
Market.
1230: i: m.
5 34
'a5
Antwerp, steam d.
• Per 100 lbs.
Spot.
637
'32"
I
»18
....
6 34
6 02
6 46
40-
"4
Of which American
mounl alloat
Of which American......
5 32
8 02
6 46
5 87
5 34
40*
Trieste, steam... d.
Total Import of the week
6 46
535 536
e02
40*
Baroelona,steam d.
Genoa, steam .. .d.
Forwarded
Total stock- Estimated
Of which American— £stlm'd
6 01
6 01
6 44
6 01
40>
''32
Actual export
663
6 04
6 02
6 02
6 47
6 87
6 35
as
....
May
6 03
6 0,1
6 02
6 01
6 03
6 03
"h
d.
bales
Of which exporters took....
Of which speculators took...
Sales American
604
6 01
6 01
5 63
d.
60S
602
604
604
608
eo»
547
987
H
c.
c.
week
6 01
'839
rri.
Do
Bales of the
6 02
6 02
"32
e.
sail
6 01
6 01
6 02
6 02
6 01
563
"32
T)iur$.
JDo via Gl'sg'w.d.
40-
5 63
that market, and, as the sequel proved, greatly to our advantage; for on Wednesday, while Western markets wera
'64
42V
6 01
6 01
6 02
6 02
6 01
6 01
5 45
5 36
5 31
Oloi.
J4«5ie
Wednet.
Tuet.
Uverpool, steam d.
via Leith({.
Hamburg, steam.c.
Do via Loudon. d.
Amst'd'm, steam.c.
Do via London.d.
Beval, steam
d.
d.
l4®5ig
.
Cotton freights the past week have been as follows:
sail
d.
H^hi
.
Bremen, steam
532
d.
^32S'84 »32»'*« '32®'64
.
Havre, steam
5 35
Open Sigh Low.
d.
The markets for flour and meal were depressed and o aly moderately active until Wednesday. The large reduction of stocks
that had been affected during the month of May prevented,
however, holders from showiug any willingness to accept
lower prices, and on Wednesday, when the wheat market
took an upward turn, sellers were able to obtain a slight advantage. To-day the market was steady and fairly active.
The speculation in wheat has been affected somewhat by the
stoppage of the prompt transmission of Chicago quotations
to our Produce Exchange, forcing us to act independently of
.
Jlon.
563
S44
Clot.
d.
4.
653
259
150
250 1,020 2,730 25,789
150
Below we add the clearances this weak of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orleans—ToLlverpool— Junes—Steamer Texan,
To Bremen— June 1 - Steamer European, 3,345
Charleston- To Barcelona -June 3— Bark Pablo Sensat, 1,800.
BOSTOM—To Liverpool— May 28-Steamer Virginian. 794
May 31Steamer Pavoaia,
June 3— Steamer Michigan,
....
June 4— Steamer Bulgarian,
BALTIHOBB— To Bremen- May 29-Steamer Weser, 1,215.
Philadkli'Hia—To Liverpool-May 28— Steamer Lord Gough, 930.
To Antwerp— June 4— Steamer Switzerland,
Batur.
543
534
532
Jane
a.
Ojien\BiQ\ Uyw. Olot. Open Hifh iMU). Clot
394
259
2,800
Total... 18,689
5 62
5 62
Wednes., June
2,730
:
2,800
7,953
6,973
N.Orleans.
4
d.
8ept.-Oot.
3,369
Hullii
Do
d.
5 63 means
Toea.,
3.
Oven High Low.
d.
600
June
xLvin.
6,973
particulars of these shipments, arranged in our usual
Ham-
Olot.
d.
Jane-July.. 5 63
July-Aug... 600
August
5 62
Aug.-Sept.. 5 62
September 5 43
and 64(A» thug:
niou.,
1.
d.
May-Jane.. 6 03
Liver- NewPQol. cattle. Havre,
June
Open Bigh l/ya.
May.June.
25,789
form, are as follows
Do
8at.,
May
. .
prices are given in pence
l-64d.
and 6 01 means 6
Total batei.
Kew York—To
The
^" fAe
5 63-64d.,
fVoL.
Low Middling clause, unless otherwise stated.
July delivery
AuL'ust delivery
September deUvery
c.
o.
c.
o.
Octolior delivery
c
c.
December delivery
May, 1890, delivery.... c.
Sat.
Mon.
SOig
81i«
81=8
82i8
83is
80ia
81i8
81Ja
82
82^8
Wed.
Tues.
SOk
Hl"2
82ia
82'8
81
Si's
82ie
83's
85ie
8912
Ttiurs.
83%
8054
Si's
82i8
82=8
....
83!>8
Fri.
81%
82=4
82%
8338
84%
8658
85
86%
8o»a
90
91
89»3
91
89
for
deliveries,
and
a
freely
offered
all
was
less
Indian corn
slight recovery in values took place. Current supplies were
in a measure reduced by the obstruction to railroad transportation by floods. The higher prices materially reduced
the takings for shipment and part of the advance was lost.
The export business yesterday was mainly in No. 2 mixed,
by canal, at 41^@42c. afloat. To-day the market showed
some recovery of strength in sympathy with wheat.
DAtLT OLOSIIIO PRICES OF NO. 2 MIXED CORK.
Mon.
Tues.
Wed.
Tliurs.
Sat.
FH.
41I4
4IJ4
41%
40^8
c.
40%
delivery
41%
June
4H4
41%
41%
41%
41%
c. 41%
July delivery
42ie
4214
4178
42^8
42
41^8
delivery
c.
August
42''8
4278
4213
c
42%
42%
42%
September deUvery
43 14
4312
43'*
43%
c
October deUvery
Oats have been variable. In the past day or two the standard quality of white grades have improved, with sales of
No. 2 at 33?^@84c. in elevator, -32^0. for June delivery
and £2,i^c. for July. To day the market was rather stronger
for early delivery.
DAILV OLOSINO PRICES OF NO. Z MIXED OATS.
Wed. Thurs.
Tues.
Fri.
Sal.
Mon.
2779
'J7»»
27%
27%
27%
c.
27%
June delivery
2778
277,
2S%
2778
28
0.
28
July delivery
28i«
2778
277g
28
28
c
August delivery
Rye has been very dull and nominal quotations are reduced. There is a fair demand for barley malt.
The following are the closing quotations
84%
;
:
.
June
8,
THE
1869.J
Fine
V
Siipertlne
bbl.
BpriOK wheat oxtran.
Minn, clear and slru't.
$2 10»«2 60
2 40» 3 00
2 85* 8 16
CIIKONICLE.
!^'
S7S« SCO Uj n in. Ill, .tiii)t*rilne..
3 00* 3 6S
Kino
WlnterXXimilXXX. 3 7S« ft 00
Corn meal—
PatonU
A00« 6 00 Westorn,
&o
Boulbem supers. ..IIJ 2 7S9 S IS
Brandy wine...
OR AIM.
Wheatc.
0.
CornWlutcrsliliiirKextiiw.
Spring, nor biish.
SprlnKNo. 2
Red winter No. 2
»102
» flft
81%* 83
75 • 90
77
83
..
Re<l winter
Western white
western
11 bu.
State and Joney
80 «
40 9
41>4»
42 If
White
*<i^t
41
43
No. 2 mixed
No. 2 white
White
Corn-West'n mixed.
Weat'n mixed No.2,
Western yellow
»
41
Rye-
no
Oata-Mlxed
'"
Exports OP Brkadstukfs for Apkil,
xoot— ine rni
»ijo«j« Mjm,
the statement issued by the
nMxjmimjmjm UUMt
i
shows the exports of domestic breadstuffsBureau of
aOJ»7.l7B! W.100.744 a».ooiMt' «i.Ma.o«rt
i
undermentioned customs d|stricte of the United from the
StetS
for
The
export*
from the MTerml eeiUwwd porta tot the
the month of April in 188U and
wwk
1888, and for the ten eading June
1. 1889. are «hown in the annVzed
months of the fiscal year 1888-89
tateme
tatemant.
'^^^ "P/roii
a.'^f"?Statwtics,
:
Bxporu
from—
.IprU.
Brtadttutt
BxpU
Tm
liu'ntme$
Foltw.
Qu'ntUia
FoJw.
New York
Montlu.
(iuantUia
Sartev, bxuK.
Boston
Portland.
Montreal.
IMilliuIel
Biiltlm're
Baltimore
N. Orrng.
NewOrleana
78
Total, barley
Corn, bmh.
NewVork
BoatoD
Philadelphia
Baltimore
New Orleans
S1,B88
9,118
2.B88.0M
I.IM.OOS
160,523
886.352
193,904
381 .895
789.351
4.7«9
871,31
45e,t>00
8-|,i!60
1,736.134
Pac. cust. dlsts.*
8.113
81.588
7,llia
27,513
700
466
Tot week.
13,463
1,358.664
8«0j«4
B*me time
246.652
28,614
38.950
S64.8S2
492,686
1,496
10.6S8«3
28,788,608
8,3:9.462
8,750,291
1,470,340
887.272
65,200,896
12.625
10,341
37,125
23,403
12.063
6,0S6
38,754
17.456
116,559
106.519
1.200
Baltimore ...
New Orleans
Pac. cust. dists.*
Other ens. dists.t
Total, corn-meal
OaU, bitsh.
New York
Boston
Philadelphia...
Pac. cust.
disl.8.
Other CUB. dists.-l
Total, oats....
Oatme^U,
New York
Boston
Baltimore
New Orleans
Pac. cust. dists.*
Other cus.dlsts.t
Total, oatmeal
Ry€t tnuh.
New York
Boston
828.860
6.M 1,468
4,536,877
38,967
8,888,867
36S,6fia
812
4,102
10,487
2323
6,124
143
4
84,823
86.414
27.328
71,637
20.755
63.228
260,160
733.837
18.271
6.661
16.249
450
7,511
188.918
8,093
2,736
61,386
578
44
583
259
2,650
1,126
1,2^0
2,46>
877
17
220
601
439
22
3,^57
1,162
30
12
50
3,003
7.75U
1.205
2,325
6,160
1,030
24
8,963
800
137,056
248,953
6e.!ci4
296
27,393
12,645
521,150
908,768
1.902,113
8.306,534
2.038,480
1,181.879
8,120
83.100
670,800
41,733
74.U94
43.2^9
46,017
81
2,682
9,802
8,034,626
818,438
47.358
87.014
30,!i8-
89
803
Ibt,
Philadelphia..
2,58S,2!I(I
271.B11
3.945
2,714
Baltimore
New Orleans...
820.223
2I,3S1.808
5,0«4.9e0
2.0»),018
11,063.715
9,183,185
49.490
6,627,726
Total, com
Ooni-nwal.
New York
297,060
bblt.
638.220
11,784
i»d.5e6
"e.oii
9,846
163,300
200
10
100
6,182
5
10,000,
300
8.100
866
4,000
110
802,980
15,375
7,030
8,464
37
130
83.072
Philadelphia...
Baltimore
New Orleans.
.,
Pac. cust. dists.
Ouhercus.di8te.+
Total, rye
Wlitat, Inuh.
New York
Boston
15,375
8,464
785.917
710,695
101.808
64,319
3,108
149,161
81,333
1,232,041
7,752
1.110.075
6,976
6.93!. 424
3,118,999
834,815
23,418.878
1,019.108
135,388
123.112
98,'506
88,370
Other cus.dlsts.^
1,901,784
79,000
1.622.485
68,740
90.128
1,714,609
38.333
1,316,654
84,883
8,178,827
636.940
898,902
3,288.744
892.339
26,421.601
1.12S,56W
Total, wheat.,...
Wheat'JlouT, bbtt
2,902,089
2,534,032
3,182.360
2,638,291
38,449,015
35,847,222
21.>',918
414.905
206,569
2,7;8,23«
1.082,298
414,660
1,521,532
27,865
1,190,654
628,412
18.816,876
Other cus.dlst8.-f
386,829
116.031
62.589
268.290
2,046
111,161
40,360
1,672,181
2,184
91.511
28,243
1,143.166
550,189
144.544
740.878
11,611
407,373
137,7o6
Total.wbeat-lto'i
646,305
3,135.517
8e5.3a«
4.407,621
7.64>.l!87
86,682,773
Philadelphia....
Baltimore
New Orleans
Pac. cust. dibts.
New York
Boston
Philadelphia-
Baltimore
New Orleans..
Pac. cust. dlsta.*
97.808
33.181
141.717
81,3:13
6S6,782
259.495
1,369,218
9.441
513.908
980.6M
e,0.<4.6.'l8
1.812,688
8,082,566
146.809
5.028.225
S.6I1,94»
Tbtola.
New York
8.099.888
Boston
Philadelphia.....
Baltimore
NewOneans
Pac. cast. dIsts.*
Other cus.disu.f
a.f^98304
S87.0S3
884,648
910,203
344.684
1,246.163'
801,028
2,045.246
1.063.671
S70.S«rt
I.748.4BS
417,328
1.080,765
Rlohui'd
I.SS7,8tl4
2,068,63
Philadelphia.
BmuK.
696,187
102,869
BbU.
67,698
24,181
876.867
41,000
120,784
266,066
16,091
3,857
83,123
89.870.110
W.484.SIS
8,763.809
16.891 set
6,618.661
89.368.891
a.880,98!l
30,388
68,610
N.News..
18,463
Other cus.dlsts.t
Boston
ButK
.
Philadelphia...
Other ous. dlsta.f
Com.
250,076
Boh ton...
_Foltl«.
1
New York
Pao. cust. illsM.*
Whtat.
rUnir.
1888«8.
OaU.
Ptm.
Bush.
3,4a7
Butk.
S.00O
Busk.
4,0 1»
20,X4S
80
6,300
.
1888..
349,374 1,369,773
150,331
3,4167
492,0791
137,042
g,8^
461,841
3,000
24.191
70,980
•nie visible supply of grain, comprising
the Btooka in granary
at the principal points of accumulation at
lake and seaboard
ports, and in transit by water, June
1, 1889:
Whtat,
Oom,
OaU,
In More at—
muK.
buth.
bulk.
autk.
New York
3,742,017
543,440 473.999
65,332
6,319
Do alloat.
336,200
302,200
76,800
7AO0
Albany
48.000
27.500
41,500
Buffalo
2,035,465
591.514
85.668
29,980
32,731
Chicago
3,211.914 4,111,174 3,494.693 657,932
37.384
Milwaukee
572.900
8,924
6,263
92,757
S3.943
Duluth
1,628,286
632.356
1,010
Toledo
605,876
166.175
'17,625
14.4G7
Detroit
91,484
54,553
22,624
4,068
S43
Oewexo
35.000
65.000
St. I>oui«
528,571 1,172.874 160,566
15,401
113&3
Do afloat
80,000
Cincinnati
45,000
17,000
65,000
26,000
Boston
27,171
280,308 144,118
124
20.343
Toruoto
111.603
15.307
112.058
Montreal
413.887
48'.599
61345
47,553
Philadelphia
145,110
193,592 135,44.1
Peoria.
110,700
88,656 327.503
83.056
33,918
Indianapolis
52,330
S,002
19.637
Kansas City
73,852
34.902
97.289
Baltinioro
470,985
224.371
69.937
10.563
Minneapolis.
5,212^96
2.500 128.328
4^04
St. Paul
280.000
On MiH8U8tppl.
252.721
82.'i0O
Ou lakcH
243,960 2,021,670 597.783
On canal ii rlyer.
176,000
622.500 275,100
16,800
68,100
"tat
Tot.
Tot.
June
May
1,
i.^).
Tot .lime
Tit June
Tot Jane
'89. 20,203,816 11.607,931 6,335.032 1.103,450
'SO. 21.284,385 11.054,936 6J41,75l 1,247,692
2, 'SS.
4, '87.
5, '86.
20,425.426 9.210,452 5.399.291
42,450.871 12,709,312 3,453,327
33.465,946 8,861.322 2.168.869
206,412
239.344
282.600
^98,535
613,537
338,001
194.S60
399.49S
THE DRY GOODS TRADE.
New York, Friday P. M.. June 7, 1889.
In accordance with general expectations the market for dry
Koods has relapsed into a condition of comparative quiet.
The numerous out-of-town package buyers who were prea.'nt
at last week's great auction sales of flannels, have completed
their preliminary purcha.ses of fall goods and returned home.
There was consequently a relatively small force of bayers in
the market, and their operations were chieflyof a hand-tomouth
character and light in the aggregate. The morement
men'swear, woolens, flannels, hosiery, knit gooda, etc.,
was of good proportions, large shipments in thia oofineotioo
having been made by the commission houses on ac«ount of
back orders. The jobbing trade was for the moat part quiet,
but a Very fair package business in blejtehed gooda, and in
colored cottons and wool flannels, was done by leading jobbers, who readily sell on a small margin of profit to wholeaals
dealers and lar<e retailers.
DoMnsTic W(X>LEN Ootids.— The Bitoation in thia branch
in
of the trade is practically unchanged. Fianoelswere active in
m')veinent on account of recent imi chases at pablic and pri•Value of exporu from Paoiac districu for the month of April, 1899:
vate sale, and a fair amount of new business in some sorts
OreRon, Oretton
1159,817
171,318 Willamette, OrcKon
was reported by agents. Blankets were in steadr ret^neat at
Puget8ound,Wash'n Terrify. 140,400
San Francisco, California
12,045,246 unchanged prices, and a moderate business was done
1,673,710
Total
wool
tValue of exports from other customs districts for the month of April, 1889:
and worsted dress fabrics adapted to the fall trade. TtM
Brazos, Texas
|i8,6.'i5
%aiMO demand for men's-wear woolens «ras strictly moderate, and
Milwaukee, Wis
ChloaBO. Ill
35.600 New Uaren. Conn
5.188
Detroit, .Michigan
mainly restricted to small parcels of specialties in wooUn
38i.4ii Newport News, Va
82'i,«eo
Duluth. Minn
111.457 and worsted suitings, but agents continued to make vety fair
10.218 I'orlland. Maine
Huron. .Michigan
117,089
Miaml,Onlo
»1.0B0,76» deliveries of heavy c;i.-i.si meres, worsteds, keiseys, oraroMt143,840
Total
Note.— This statement Includes about 97 per ceat of the enura exports of the ing.s. &c., on account of back orders. .Satinets ruled qaiet)
articles named from ail ports of the counlrr.
and doeskins were more active in movement tban demands
The movement of breadstulfs to market is indicated in the and firm in price. Flannels were freely distributed in pa)k«
statement i)elow, prepared by us from the figures of the New _^.
age lots by leading jobbers at a trifling advance upon auction
York Produce Exchange.
first give the receipts at West- prices.
J
lake and river ports, arranged so as to present the com- j
XX>xestio Cotton Ooods. ^The expora of
_
parative movement for the week ending June 1, 1889.
from this port for the week ending June 4
S,8W p*okOrand
total
9.537.87't
a038.6e8
101J28<.I)8S
;
m
I
1
I
em
We
„
—
wen
'
.
THE CHRONICLR
776
Importations of Dry Coods.
The importations of dry goods at this port for the week
ending May 30, 1889, and since Jan. 1, and the same facts
ages, valued at $179,111, their destiuation being to the points
specified in the table below.
New York
1888.
1889.
to June
for the corresponding periods of last year are as follows:
4.
Week. Since Jan.
Week. Since Jan. 1
•Cihlna
44
22
887
India
5
Great Britain
983
388
45
266
843
92
Herlco
1,581
2,302
16,311
1,516
MS
1.
2,014
1,450
29,221
5,069
6,303
2,185
6,816
2.612
1,950
13,522
1,080
978
510
100
40
318
162
183
882
34
24,970
2,499
2,259
1,604
7,177
Arabia
Africa
West Indies
21
14
4,448
Total
2,.'>92
W
g
1^
B
Is
Mrs
:
c:
B;
g;
:
to cn c:
M
if>.
taw
J c:
Oi
tt- 1->
92,364
3,242
91.052
CO ^-w^wo
CO IC CD
COCCI
CC£.C.QOeD
•OODCD T O)
Ciioi'C:'!!*
CO «5 a. CI
tJCCOCO^
ON)
03 00
1889.
Stock of PHnt OlotKt—
Held by Providence nianuTrers.
Fall River manufacturers
Providence apeciilatora
Outside speculators (est)
Total stock (pieces)
June
I.
1888
June
87,000
29,000
None.
3,000
1887.
6,000
6,000
Nime.
6,000
1.16,000
74,0C0
69,000
156,000
20,000
236,000
53,000
50,000
18,C00
119,000
June
455,000
00
CD 0>
M
M
o
President.
CANDA,
The Western National Bank
OF THB
CITY OF
k-t )*.
i
I
>a
'1 w
i
'
wl
o;co
tOOD
C wT t»
Ci *J
(t*
* -1 to
»3,300,UU<'
Accounts respectfally Bolloited. Interest allowed
-on deposits of Banks and Bankers.
The aina)
»-*
OIMtOMOS
VCD
banklnn f&otlluei extended to customers.
Orden for purchase or sale of secnrltlee
0^
too*
(X.
Foreign EichanKe bonitbt and Sold. Facilities toi
keeping accounts In Sterling Exchange, subject to
draft In kind, will be afforded. The methods of re
oelTtng such deposits and making payment against
them will be subject to arrangement,
BILLS DRAWN ON
03M
cto
p;g
tow
<-w
too
O
CD
onto
j
.r^i»
io
-1
CSCfftOCgCG
^OCCS J"
to
"^o
UJtOH**"
en
o Oi to OS
CO to to CO 03
ux-*
MMtOMW
^-q^lSOtO
'*-
'Vi'i^loccio
0»
OU
tO-€(&
BLANKENHORN,
F.
Bank of
St. tJall.
Casbler.
FIDELITY & CA^iVALiTT
Co.
p.
Otfics. 54
CAPITAL,
BUFFAXO,
N. y.
Wm. C. Corn wkll. Cash'r.
Capital ....S300,000 Surplus
830U,OOb
8. 8. J EWBTT, Pres't,
I
This Bank has superior facilities for making Collections in and out of the city on the most liberal
terms, and with careful attention to the best inter,
ests of its correspoudeuts.
CoRKEspoN]>E.VT8:— Importers' & Traders' NaBank and Chemical National Bank. Nei*
York
Merchants' Loan 4 Trust Co.. Chicago
Union Bank of London, London.
'.214 Oc
$250,000.
'ilU
BroadwaF.
ASSETS.
$774,560 21
SURETY BONDS, guaranteeing the fidelpersons In positions of trust, such as em.
ptoyes of Railroads, Banks, etc.; also Administrators. Guardians, etc.
Issues ACCIIJJSNT POLICIES, containing all
Issues
ity of
1,
1888
(3,317,833 81
1.314,448 81
161,867 38
3,548 sa
1,S78,3I>U '^h
William Street, N.Y.
BI^JIDOEN, Manager.
Assistant Manager.
DUDLEY,
Assets (Market Values). Jan. 1. 1889....»43,514,4B0
and Mass. Standard).. 40.151.M37
surplus
....
3,362,523
Surplus, by former N. Y. Standard.
(Am. Bx. 4H per rent Reserve)
6,734.853
Liabilities (N.Y.
modern
features.
Also PLATE GLASS and BOILER POLICIES Of
approved forms.
Agents will appreciate the advantage of dealing
with a company which does more than one line ox
business
OFFICERS
WM.M.RlCHARDS.Prest. GEo.F.SEWARD.V-Prest'
ROBT. J. lIlLLAS, Sec.
D1UECTOK3:
A B. Hall,
J. G. McCnllongh,
Geo. S. Coe,
J.S.T.Stranahan H.A.Uurlbut, T. S. Moore.
J.D.Vermllye. J.KogersMaxwell,
A.K. Orr,
John L. Riker. (ieo.KSeward,
G. G. Williams.
'vm. H Mala.
M.Richards.
Wm
.
53
34
21
21
SECOND TEAR.
In case OF LAPSE the Policy is continued in force
as long as Its value wlil pay for; or. If preferred, a
Paid-up policy for its full value is Issued in exchange.
After the second year Policies are incontestable,
except as against intentioral fraud; and all restricffofu at to rfsidence. travel or nccupatinn are removed.
CASH LOANS are madeto the extent of 50 per cenl
of the reserve value, where valid assignments of the
policies can be made as collateral security.
LOSSES paid Immediately upon completion and ap
pi-nvHl of proofs.
CO.
NEW YORK,
OF
13,347,833 81
F.
CO *• to to
»lf^Xr-QD
pl isadX^utovLS,
POL1CIK8 ABSOLUTELY N'U.V-FORPEITABLE AFTEU
Buffalo,
;*.
o
to cs OS to
......
BLEICHROEDEEl, Berlin.
© M
lo'^OOiO
c '-cc;do
CSOMUCC
Provident Life
&
Trust Co.
OF PHII>AI>El.PniA.
J
S.
— o®M
l-'X*>.tOCJ'
-•
British
Net »urplua
JAS.
CO 03 CO
QDOSXOM
10 to
ccj'Oooc;
OK-
0-.
Oi-'lnCC**-
oilocnVil^
ccto
LIABILITIES.
BAM.
cog
<la ©ICO -J
y>Qo»orf*M
Branch Statement Jan.
Branch
•'I
r-OC-AlOS
OtOlO*"!--
to en
.^ c; .J GD
cj'
tea
I
C
»- vj
Ot
rf!»ptOGc_i04e
l-i
CM
-Jrf*X(»^CD
CDMCcV-Cl
I
u
"-MOllOt**.
MO* **!*>.»
W. A. FRANCIS, id Assistant Manager.
THKNATIONAL PHOVINCIAL BANK >
OF ENGLAND (Limited,)
} L.ondaD
_ UNION
THE
BANK OF LONDON (L'd),
The Mutual Benefit
HBINK i. CO., Pari*.
I.IFK INSURANCE CO., NEWARK, N. J.
JOHANN aOLL A BOBHNK,} ^^'^ManT.''*"' AMZI
DODD,
President.
«CHWEIZERISCHB UNION BANK,
WCOUCD
-JCSr-COO"
MtOM*k
Reserve for Unearned Premiums.
Reserve for Unpaid Losses
All other Liabilities
B.
osmccccn
X tC 00
CCM
Invested and Cash Fire Assets
O.
to
W #^ 01 CO to
ocostooo
^03 CD CD 00
LO^VDON AND EDINBURGH.
will
receive careful attention.
ODOOSXCd
It*.
COOttOMOS
aODODOOtO
O'rf^OOOD
too:
Mercantile Ins.
U. S.
O
O'rOOi'ii^O
00 c;
-^1 --J
ooocjixrf^
iyw»
cc (- tT -^
h-^cocncO'Oe
w O'
CO OS
o
CP
CO to
"i-ViCioJoo
OF
NEW YORK.
CAPITAL.
OD -g
ocooaoj
No*.
&
3-
THE
North
AulBtant Csahle
Vlce-Pres'L,
w
Vth-C'Ol
to en
B
%nsnv^nce.
BLASKUiBUUM,
Cuhiet.
H.A. BMrrH,
rfi.
cnapci-'
'-I
to
it-
F.
J.
H-
CCh-CS-IQC
319,000
§ank5
CHABLI8
M - tC
I
—
auction sales held during the week.
Qt)
c. cc CO
m
c: 05 1—
o: (X cc to to
cj<
CDQD
O
5.
Foreign Dry Goods. The market for foreign goods was
tame and uninteresting, as is usually the case between seasons.
The demand at first bands was chiefly for small parcels of
specialties required for the renewal of jobbers stocks, and the
jobbing trade was light and unimportant, as were most of the
a - OS
to a»
I*-
IM-
1886.
Jane i
2.
^- li
-xto
0D&
o
fcO t-*
13,816,118 in 1889, against $4,371,773 in 1888.
There was an irregular demand for staple cotton goods at
bands, but the firm undertone lately developed in the
market continues.
Bleached cottons veere in fair request,
and such leading makes as New York Mills, Lonsdale, Cabot,
&c., that were recently marked down ^c. in order to close
the stocks on hand have been advanced to former flguree.
Brown sheeiings were in irregular demand, but a fair business was done in Eastern corporation makes at stfady prices.
Southern three-yard sheetings ruled quiet and in buyers' favor.
Wide sheetings, cotton flannels, corset jeans and sateens,
also most descriptions of colored cottons, were in light request and steady.
Print cloths continued quiet but firm on
the basis of 3;gc. for 64x649 and d^c. for 56x60s.
B
-
MiUi-ttO
-1 *- c; c£ to
to H' CC
have been
first
2.
-J
GOV
"
1
;
WCOOlCCO
CD to
72,223
18,830
Oif-
........
From New England mill points direct.
The values of N. Y. exports since January
f
I
>3.
65,650
26,714
3,242
5:
B:
3.
t;
2,592
Total
China, via Vancouver
*
XLVni.
[Vol.
Incorporated Third Mo., 22d, 1805
(CHARTER PERPETUAL
Si, 000.000
CAPITAL,
ASSKTS, $32,696,592 98
)
INSURES LIVES, GRANTS ANNUITIES, BBCBIVES MONEY ON DEPOSIT, returnable on
Is allowed, and Is
empowered by law to act as EXECUTOR. ADMIN.
ISTltATOR, TRUSTEE, GUARDIAN, ASSIONKB
COMMITTEE, UECKIVER. AGENT, etc. Vorthe
faithful performance of which its capital aaA
demand, or on which Interest
surplus fund furaish ample security.
All trust fundriind investments are kept separate
and apart from the assets of the company
The income of parties residing abroad careral
collected and duly remitted.
SAM'L R. SHIPLKY, President.
T. WISTAR BROWN. Vice-President.
ASA
8.
WING
Vice-President and Actnarr.
tional
;
BTABLiaHBD
laes
Engrene R. Cole,
;
STATIONER
A
ND PRIPfTER.
Bnppllei Buiki. Bankers, Btook Brokers ana Ooi aoRations with oomplet« ontilU of Aooount Books ma*
HERRING'S
SAFES.
S tatio nery
IW New oonoerna orgs&lilnR will hsT* their order
prumpti)
executed.
*o.
1
WII>L.IA]n
STREET,
IHANOVBR SQtABB).
THE BEST FOR BANKING HOUSES OR OFFICES.
Herring & Co., 261 and 252 Broadway, N. Y.
@FedFRASER