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REPRESENTING THE
INDUSTRIAL AND
UNITED STATES.
COMMERCIAL INTERESTS OP THE
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■■■■■■■ ■
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■
■
MAGAZINE,
MERCHANTS’
HUNT’S
NO. 1,198.
SATURDAY, JUNE 9, 1888.
VOL. 46
Five months.
May.
^Ixe OThroniclc.
Subscription—Payable in Advance :
For One Year (including postage)
$10 20
For Six Months
d<>.
6 10
European Subscription (including postage)
11 28
Annual subscription in London (including postage)
&2 7s.
Six Mos.
do
do
do
£1 8s.
(WILLIAM B. DANA Sc Co., Publishers,
So
m'ftvn
10* William
Street, NEW YORK.
JOHN O. FLO\D.
I
POST OFWCE ^ox 958<
Terms of
urTTTTixi
$
$
RETURNS.
The returns of exchanges for the week under review cover
only five business days at most of the more important points,
in consequence of the holiday on Wednesday.
The decrease
from last week is due entirely to the loss of the one day's ex¬
changes. .Compared with the corresponding week of 1887 (in
which also only five days were included) the exhibit is an un¬
favorable one, the decline in the aggregate being 10*2 per
cent, while outside of New York the falling off is 9*8 percent.
Week Ending June
1887,
1888.
$
508,353,64c
New York
Sales of—
(Stocks
o
shares.]
bales.)
(Cotton
(Grain.........
(Petroleum
(924 885)
(102,400) |
bushels.)
bbls.)
(32.891,0x7)
(10,020,000)
71,310,463
4,2' 8.00(1
1,420,20!
1,051.358
832,848
Boston
Providence
Hartford
New llaven
Portland
Worcester
840.72* i
855.608
Springfield
Lowell
5 .8,770
Week End'g May
2.
-10-5
568,137,151
(1,145,057) j
(510,060)
(32.713,278)
(12.576,000)
(—"0-3) !
(+ 0-6, j
(+31*0;
73,319.511
3,842.5(3)
1,56.5,214
1,177.003
052,58*
808,370
896i;38
007,8.j5
-6-4
-0-5
+51
1,131,771
896,0021
920,3x2
20.3 '9,10l j
6.809.805
5.589.202
4.233,271
4.43*,:t(ȣ
4.770.471
90,700,227
—52
59,290,2*4
16,420,551
10,270,280
+29
+1 0
-17-2
-0-4
—lo'O
81,0x2,743
-SI
70,999,075
59,897,400
8,913.000
67,711.780
11,60.5.10 i
0,028,50*
3,189,205
1.909,908
22.H0.5l7
2,157,898
1.104,513
2.812,601
3,460,601
2,141,583
4,158,421
—11-5
62,394,436
-19-4
—35-6
0, 'ill.6 Jo
+ 108
4,109.47.3
1,800,9 ni
2,040,173
1,838,421
1,2 *2,70 i
3,002,80
Indianapolis
Cleveland
Columbus
Peoria
Omaha
1.120,524
3.206,170
3,609,323
Minneapolis
2.4 45,6x6
Denver.
St. Paul
Grand Rapids
Wichita
Duluth
3,80 »,582
520,930
734.834
1,04 *,778
500.905
875,921
3,003,619
—227
15 0
—18 9
—
+1-5
+ 101
+60
+14-2
—86
—13 2
—16 3
—40 0
3,757,341
3,511,74
+13-2
—114
13 0
—
+27-4
—16-8
ro
—
—10-3
+8 0
+18-8
+50
2,075.13
8,5.80,435
—53
1-4
3.781,574 4-11-9
3,888, 51 4140
435,835,811
449,935,971
-3*1
2,027,570,408 2,104,498,007
208.240,851
251,829.733
47,860.7*5
52,484,724
46 5
4-8-9
1,240,900,109
43.900.337
50,331,745
-0-8
247,834,077
011,805
778,858
+23-0
1,457,855
-8-1
—28 0
r.
Total Western
100,193,110
114,416,050
-124
103,402,833
+01
14,376,803
17,148,186
—16-2
14,995.720
-141
8t. Louis
1.071,703
0,574,177
6.165.554
6,866,251
1,478.228
080,005
601,374
New Orleans
Louisville
Kansas City
Memphis.
Galveston
Norfolk
Total all
Outside Ntfw York
5,301,611
6,776,552
8.043,398
1,6(11,938
759,491
5*3,642
-28-0
+22-1
-9 0
-200
-7-7
—10-5
+11-2
1,180,271
6,030,000
5,278,578
7,003,039
1,328,800
—2-3
+8 2
Columbus
Peoria
Omaha....
....
283,482.840
50,422,450
19,013,241
10.241,102
8,434,4 0
13,397,821
11.220,52 6
..
10,540,325
2,052,604
j
Tot. West...
46-3
2,742,772
+1*9
2,060,314.730
79,708 575[ —7-5
368,110.210
27.x29.813,
204.322. "13
126,277.930
-20 9
7,170,580
27.241,077! +15'0i
23 439,240 4-118
22.272,555 -18-0
15,170,005 +10-7
-0-3;
971,332,308
942,509,120
481
299,674,571
+8-4
19,531,071,005; 21,215,026,005
-7-8
324,989,199
+4-8
9,
7.130,0x2.251!
37,817,335
17,654,698
—70
12,728,032
—170
824.841.998
918,900,108
-10-2
888,786,202
-5-2
316.43 .'55
350.852,90*
—0 X
825.019 185
—1-4
40-2
Actual
Value.
$1,131,309
j Averse:
j Price.
,
Value
Quantity
Actual
Average
Value.
Price
$3405,786.750 [2010099847! 59*0
$205,491,510 $171,080,997! 83-2
$6.126,14811199
$4,277,3511
$4,132,3941 35-0
$11,811,700
$1,146,077} 124*5
$920,150
61-9
90-3
120-1
00*5
131*9
03-8
89
Par
or
1887.
1-lOc!
$51*39
84 4J0c
$3028.287,460
508.013,0r0
10,807,700
825,302,042
$21915914*3; 004
*332,2r0,76rt|fi5 4-10c
$550,914,430, $50818
$724,297,1061 87&C.
$3799089.8251
$3110825.104
exchanges for the five days
Week Ending June
Returns
Week En4\j June
9.
by Telegraph.
1888.
$
1887.
P. Cent.
$
1888.
2.
P. Cent.
4)8.453,837
525,000,541
-10-5
399,0 13,898
-11-0
(-44-9)
(763,120)
(-12-8)
-0-4
-18’4
-9-0
54,207,003
43,922,311
8,790,488
+5-5
44.913,030
-11-2
Chicago
St. Louis.....
(598,701)
69,656,2-8
52,790,139
10, 62,487
54,770,000
13,917,82
(1,086,392)
-12-3
-21-3
New Orleans,
5,712,21
11,393,002
4,562,828
580,863,130
158.128,269
-12-4
of Stock
(shares)..
Boston
Baltimore
Total, 5 days
Estimated 1 day
645,607.835
....
Total full week
Balance
year
but with New York
7.119.647.848
Five months,
1888.
13540<2473
Philadelphia
over
+ 5-1
Our usual telegraphic returns of
have been received and are given below.
dales
16,313,200
—
operations on the various New
five months of 18s8 and 1887:
...,2335,593,555j$1480008,274
+328
88,008,968
1
r
PetrTm.bbls! 592.026.000 $527,977,710
Cotton.bales!
10,299,WOO $529,340,710
Grain...bush 675,817,108, $570,498,410
620,988
-10-7
188,919,990
47,955,2*2
18,259,374
17,709,587
5 Sh’r’s' 26,150,325 )
| Val’e 9187,114.350 J
*141,809,800 $12x,073,646
Gov’t bonds.;
$3,778,200;
$4,530,728
State bonds.!
$1,194,05.8
$1,973,055
value..'
-3 9
4 8-2
4-24 8|
3,4-i7.533 -19-5
2,083.403; +33-lj
Five months,
Total
40-9
861,821,080
28,94 7,18s
45.024.325
Our compilation embracin
York exchanges now covers
$857,550
1,993,670,134 +3G
13,432,542 +11-3
1-5
103,315,375
4"7
-1-0
stocks. I
-01
78.780,32*1
I(9),8tj7,323j
—
1.509.087.99')|
HR. bonds...
420-9
•44-0
1,523,275.800
.
44-0
22.227.010
10,197,007 427-0.
27.324,488 —44 5
-1-2
Stock
44,253,770
5l,7( 19,604
4,300,456.377]
Par Value !
Quantity.
05,605,222
69,912,370
4,250,329,284
or
-4“2
02,881,517
40.030,184
2-.208.0U3
66,090.052
73,988,612
13,035.173
15,105,740
67,349,421!
70.592,543
74,803,147 414 2
34.787.204 4157
50,013,520 410-1
04,820,31 2 +7 8
47.280,542 + 04
189,580,900j
189,02.2,707
2 4 4.4 i 3, OKU -12 4
87.535,040 -0-0
85,518,-,94
40,210,831
—
39.253,767j
0,922,119
3,172,470
Total
1.134,640,044
4-58
450,093,88 J
37,414.164
8,043,200
San Francisco.
1,200.583.974
214.211,750
80.737,700
-8-7
1-4
459,218,399
20,682,049
Tot. South...
-IS
45-5
3,229.1(53!
Louisville
Kansas City...
Memphis
Galveston
Norfolk
1,779,206,010
-12-8
—6-4
3,377,188
73.797,059
5,074,899|
31,496.148!
-23.
203,952.035 +10-7
28*.131,12b -12-8
4-4-7; 1,740,775,540
2,115,758 4-25-4
St. Louis
St. Joseph...,
New Orleans..
-3-7
1.291,200,261
238,041,*9 4
9.251,830 —8-1
4,722,162 4-17-8
14.077,717 4-17 0
15,029,744! 48 0
10,790,047) 440
19,-'85,552 —16 8
10,557,551
10,886.698
Minneapolis...
New York
contrasted with the
cent. For the
278,004,007
—8-0
42,342,255
gain of 0*2 per cent.
Cleveland
—23 0
Not included in totals.
excluded there is a
..
060.882
For the month of May the clearings record an increase
the total for April of $263,289,473, but
like month a year ago there is a loss of IT per
five months of the current year the decrease from last
reaches 7*8 per cent in the whole country,
352,121,815
+11-0
+6 8
-68
Total Southern
Ban Francisco
1,507,439
308,600,340
17.797,154
17.185,377
7,701,232
13,2(5,840
8,5< 5,810
5,501,578
Milwaukee
Detroit..
Bank
25,737,720 -1-6
18,611,030 +7-1
19,420,505 +8 6
20.018,2* 0 +11-7
12,032,075 +10-1
25,331,025
19.930,238
21,102,572
23.040.921
13,i 53,190
4-0-9
5,2 0,298
4x ,948,00b
Description.'
$
12,420,088,814 14,095,078,157 -11-9
-2-3
426-1
4-9-1
Chicago....
Cincinnati.
Total all
$
P. Ct..
3,977.070
2,598,102
Tot.Middle..
Denver..
St. Paul...
Grand Rapids.
Wichita..
1887.
—
J330,111
285.471
Philadelphia.
Pittsburg
Baltimore....
+0"5
—0 0
+9 9
Tot. N. Eng.
1888.
2,833,895
...
Lowell
+ 147
+322
88,215,277
3.810,707
1.545,007
2,517 571
1, 40.532
—2 4
521,285
11,356.62)
4.3* i6,«6*
+3 5
1.115.143
Pittsburg.
Baltimore
Topeka*
(2*6,8601
(55.358,225)
—3-9
—10 3
—8-0
Cincinnati
Milwaukee
Detroit
(-10-7;
(—09-0)
(+46 4)
4.374.0 -0
1,451,847
—8-7
I<r8
—12 0
65.675,6'3
Chicago
(1,251.235)
80,379,107
—
59,780,537!
Total Middle
-7-3
j (10,4it),000)
-8 9
Philadelphia
9,012,882
503,707,007
(+211)
+9 5 !
88,224,008
1
1
(—19-3
81,076,007
9.0 (6,586,
P. Cent,
$
$
-8-1
Total New England...
1888.
P. Cent.
26.
P.Ct.
1,873,«4 7,38.x -4 7
404.785,114 —4-5 1.785.25S.846
97,335.400 +54
102.556,000
19,043,900 4-0-8
36,8X0,503 +00
37.097,070
0.630,596 4-8-0
386,761,060
.
Worcester....
Springfield
1887.
2,727,053,424 2,790,708,387
.
Boston...
Providence...
Hartford
New Haven..
Portland
1888.
R
CLEARING HOUSE
*
New York.
—^
•
..
Country4
Tnt*i '•reek,
4
t or
all
the full week,
122,482,062
768,150,797
100,022,410
1 868,173,207
74,446.298
49,690,083
11,501,880
51,934,935
15,876,243
5,098,252
733,557,233
149,434,425
883,981.657
100,259,883
089,241,540
baaed on last week’s returns.
+0 2
+12-0
—12*0!
—18*0
—1.3-6
—231
—16-4
-3-0
—10 5-
—130
724,991,399
—5*8
100,247,169
-8-1
825,238,568
—102
-12 2
THE CHRONICLE.
718
rvoL. xlvi,
made, though it was reported yesterday that some few
pounds had already been drawn. The
The small bond purchases and the consequent inability presumption is that the bills against these and other negoti¬
of the Secretary to get out his accumulations in that way ations already made will be large enough to keep sterling
have had no influence on money this week.
We have, how¬ from advancing so as to make gold exports profitable.
The Reading loan was a great success, and was bid for
ever, set out, in a subsequent part of this article, facts
THE FINANCIAL
which
help
hundred thousand
SITUATION.
to measure the probable extent of current
accumulations and the effect they may exert in
one
several times
over.
point out the importance of keeping
changing relations of the Government to the
steadyirg the market later on. As it is now, the flow of
All recognize it. Our money market is
currency from the West and South is large, and more than money market.
a
complex affair. Trade influences are subordinated
makes good the drain into the sub-treasuries, especially
interest fell due June 1. Conse. wholly to the tax-gathering and Government accumulat
as
a small amount of
quently the banks’ currency holdings increase and money ing machinery ; that again is modified by the currency
continues easy.
So far as represented by bankers’ bal- making arrangements which our laws continue in active
been 2 and 1 per operation; while the movements of these wheels within ances the extremes of the week have
Government
We do not need to
in view the
the bulk of wheels are all (at least so far as can be) equal zed and
the average regulated by bond purchases and depositary bank ex¬
may be called If per cent.
Banks and trust companies pedients. A very odd condition of affdrs for such a
are down to 2 per cent on call.
For time loans there is no practical, ingenious people, jealous of its rights and proud
of its privileges!
Sail, so long as such a Government
great demand, neither are the offerings liberal, and quota¬
cent, with very little placed at the higher rate,
the business being done at 1-^- per cent, so that
Commercial paper “combine” exists, once a month is none too frequent to
overhaul the accounts and note not only which way we
is in fair demand, and there is alight supply of all grades ;
are drifting, but
also measure the force of the current.
rates are 4 @ 5 per cent for sixty to ninety day endorsed
bills receivable; \\ @ 5-J for four months acceptances and Fortunately we have very full exhibits issued by the
5 @ 6£ for good single names having from four to six Treasury Department the first of each month, with the
help of which, one is able with great accuracy to deter
months to run.
For this purpose we give first the
There has been no event in European politics affecting mine all needful facts.
the money markets of the world the past week.
The currency holdings of the Treasury prepared in our usual
form.
action of the French Chamber of Deputies in rejecting by a
vote of 377 to 186 General Boulanger’s proposal for a
June 1,
Jan. 1,
May 1,
April 1,
C7. S.Treasurer's
July 1,
1888.
1888.
1888.
1888.
1887.
net
holdings
of
of
the
revision
Constitution, shows that his influence as a
$200,301,129
$180,875,669 $208,008,130 $218,818,254 $2l3,i39,994
disturber of the peace has greatly lessened, and certainly Gold
46,744,583
45,053,881
43,880,782
45,294,753
8ilver
73,348,425
gives to the Government the appearance of greater sta¬
28,491,014
33,923,200
24,170,023
15,424,425
U. S. Notes
20,013,797
bility. A reduction of the Bank of England minimum rate Bank Notes....
253,770
253,821
353,011
164,093
197,046
of discount from 3 per cent to 2 J per cent was announced
25,898.388
26,022,261
25,752,'-28
24,383,290
Frac'nal Silver*
27,094,192
on Thursday.
The reasons for the change were probably In Sub-Tr’sur^ $307,529,129 $293,874,691 $312,882,30? $313,030,838 $307,249,943
first, that the need which led to the rise no longer existed; In deposl’y Bks 22,991,302 52,199,918 01,231,647 01,921,294 00,075,601
when the rate was put up the bullion of the Bank was Grand total.... $330,520,431 $340,074,009 $374,113,955 $374,958,182 $367,325,544
down to £19,565,405, and growing less; now the bullion
Including minor coin.
Note.—Trade dollar bullion, of which the Treasury now holds $6,555,is reported at £20,816,925 and increasing, while the per.
023, we take no account of, as silver bullion is not currency, and works
centage of reserve to liabilities is 4If, against 36 at
change in the volume of the circulation, whether it is in or out of
tions remain about
as
last reported.
*
no
the
no
time the
doubt
market
was
rate
minimum
was
The other
raised.
the
impossibility of
in
London
keeping
anywhere
near
reason
the
open
the
offi.
figure; that rate as last quoted was If per cent. In
Paris the open market rate for money is 2f per cent and at
Berlin it is If per cent.
The Bank of England’s gain of
bullion the past week was £554,000, which we are advised
by a special cable to us was made up by imports princi¬
pally from the United States cf £578,000 and by ship¬
ments to the interior of Great Britain of £24,000.
Tne
lost
Bank of France
£164,000 gold and the Bank of Ger¬
many shows a gain since last report of about £462,000
gold.
Our foreign exchange market was dull and steady until
Wednesday afternoon, when there was a reduction in the
nominal rates of f cent, to 4-87 for long and 4-89f for short
sterling. These lower figures probably foreshadowed the
reduction in the Bank of England minimum, but may
have been in some degree influenced by the Reading
loan
and success ; in the rates for
announcement
actual business there was no change.
On Thursday
with the reduction in the Bank of England rate
there was a tendency towards slightly lower rates for
sight bills ; yesterday there was no change. So far as i3
known there have been as yet no drawings against the
Canadian Pacific loan; what amount may be drawn
against the new Reading loan placed on Wednesday it is
impossible to say, at all events jmtil the allotments are
cial
however, in each case the small item of silver
Treasury statement of net silver holdings,
changed the oliicial figures in that respect it might confuse
the Treasury. We include,
bullion incorporated in the
since if
some
wo
readers.
important for two reasons. It indicates
possibility of a drain on our bank reserves, through
the voluntary giving up of Government deposits by the
banks ; money is so easy that it does not pay to hold
Government funds, so these deposits decreased in May
$1,845,693, getting down to $60,075,601, a lower
The above is
the
point than reported at any time since February 1, when
they were given at $59,372,968. This contraction in
these deposits is the natural action of the very low rates
of interest, and might, in the absence of bond purchases,
be carried to such an extent as to affect the money market
later
on.
Remember that what
comes
out of the Govern¬
deposits must go into Treasury vaults, or else
by ju3t so much (or be set off against) the ordin¬
ary Government disbursements ; hence it is an addition to
the drain which surplus taxation causes. In other words,
should surplus taxation take into the Treasury 10 millions
a month
and Government deposits in banks decrease 2
millions a month, Mr. Fairchild would have to disburse
ment bank
decrease
(all other things being equal) 12 million dollars by the
purchase of bonds during the same' month, to prevent
currency accumulating in the Treasury.
Looking at the above table again, it will be seen that
the amount of currency held in Sub-Treasuries on the first
of June was $5,786,945 less than on the first day of May.
THE
18S8.J
June 9,
the Secretary was able by the ordinary dis¬
bursements and by his payments for bonds purchased to
decrease his holdings outside of commerce that amount in
May. To acquaint oneself with the exact meaning of that
fact, one will have to turn to the debt statement. It will
there be found that Mr. Fairchild must have paid off
in May $5,027,450 of 4^s and $12,108,950 of 4 per
cents, or together $17,136,400, that being the decrease
of those items of the Government debt during the
month; that is to say, he must have paid out $17,136,400 besides the premiums which the bonds cost him,
and- yet was able to decrease the holdings of cur.
rency in
the Sub-Treasuries only $5,786 945.
Of
course,
if the banks had not given up nearly
two millions of their deposits, he would have accom¬
That is to say,
diminishing stock speculation at New
York, that has had much less influence than heretofore.
The volume of transactions was quite small, but as that
was also the case last year, the falling off is not so marked.
SdlJ, the decrease is sufficient to account for more than
the whole of the 1*2 per cent loss shown for the month.
It was of course a foregone conclusion that the Chicago
to the
&
hint
a
so much more in that direction. Thus we gain
to the amount bond purchases must aggregate
as
the probable excess of inflow.
We cannot help asking Congress to study these figures,
and the con elusions they force one to.
They involve all
the country’s industrial hopes for the fall and coming
year.
Every banker knows that the Secretary cannot con¬
tinue lorg to purchase bonds "to meet these requirements.
Taxes must be reduced, and action in that direction seems
to us of such immediate importance that we cannot un ierstand how our legislators can dally witn the subject so long.
It is a little surprising, in view of the less active state
of general trade, to find how well on the whole the aggre¬
gate of tank clearings for May has kept up to the total of
they are
to
cover
year ago.
We have this week prepared the figures
for that month and the results disclosed are decidedly
a
expected. There had been, it will be remem¬
bered, quite a considerable falling eff in March and April
—the decrease from last year being 13 2 per cent in the
one case and 11 6 per cent in the other—and hence it
would not have been at all strange if a similar .large
ratio of decline had been recorded for May.
Instead of
that, the decrease for the whole country is only a trifle
over one per cent (1-2 per cent), while outside of New
York there is actually an increase of about one per cent, as
against a loss in the latter item of 4 4 per cent in April and
8-2 in March. Perhaps there would be nothing very sti iking
in this exhibit standing by itself—though in the present
condition of trade any change for the better, however
slight, is worthy of note—for the more favorable showing
might follow simply from comparison with a poor month
last year; so far from this being the case, however, we
are comparing with
very good results last year, the gain
then over the previous year having been no less than 19-1
per cent in the total for all the cities reporting and
25*7 per cent in the ' total
outside of New York.
In fact, there have been heavy continuous gains for a
series of years, as the following comparison extending
'
back to 18S5 will show.
i
J
All cities
Outride New York...
Thus,
one
1885.
1887.
*
4.250,329,284
1,523,275,800
$
*
$
4,300,456,377
1,509,087,990
3,610,281,542
1.199,953,8 HI
3.017,456,745
1,019,019,704
compared with three years ago, there is in the
increase of over 40 per cent and in the
increase of nearly 50 per cent.
One qualifying
as
case
other
1886.
1888.
v.
an
an
remark should
however.
made
be
There
was
one
with reference to the result
less Sunday, and consequently
May this year.
Except for that fact, the decrease must have been larger;
but even allowing for that circumstance, the ratio of
one
business
day more, in the month of
decidedly smaller than in either of the two
preceding. Hence it is clear that the amount of
decline is still
months
business in progress
remains very large.
declare its usual dividends.
Northwest should
The
to have, a large surplus above the re¬
quirements for that purpose, even with a very consider¬
able falling off from the net earnings of the previous year,
which had been large, and had left a surplus of $2,612,272.
It is now reported that the surplus for the late year, made
up in the same way, will be about $1,200,000, a dispatch
in the New York Times stating the amount at $1,195,687.
Of course, this is a very satisfactory result, even though
so much smaller than last year ; there are very few com¬
panies that can show a clear surplus of $1,200,000 over
and above all charges and dividends, on a yeai’s opera¬
tions.
Besides, this surplus is independent of the net
receipts from land sales, amounting to $467,884 more,
and of the surplus of $172,220 on the lines west of the
Missouri, making together $1,835,791. From the follow¬
ing interesting statement it will be seen that, excepting
1886-7, the present figures compare well with almost all
other recent years.
In this statement we do not allow
for the income from land sales or the surplus on the trans.
Missouri lines, and it should also be understood that the
figures for 1887-8 are partly estimated, the year having
closed only last week.
better than
Ma
effecis of
company was sure
plished just
if
719
CHRONICLE.
With reference
Chicago <5c Northwest.
1888.
$
|
|
1887.
$
26.321,315
Gross earnings
26,097,105
Op. expenses & taxes..
16,754,486| 15.070,342
1886.
1885.
*
$
24,279.600 23,502,056
13.859,226 13,793.907
1884.
$
25,020,624
15,140,957
9,879,667
f,302.428 i
5,194,797
10,420,374
5,594,863
9,708,149
Interest, rentals, &c....
5,151,101
6,178,939
Amount for stock
4.640,1911
0,056,776
4,820,011
Dividends
3,444,504:
3.444,504
3,444,504
4,557 048
3,981,349
3,700,728
2,939,470
1,195,6^71
2,612,272
1,381,507
575.69V-
761,258
9,912,6191 11,250,973
Net earnings
Surplus
previously
published by us for the seven months to the 1st of Janu¬
ary, we are able to state approximately the results for
the five months ending May 31.
It appears that in these
five months the gross earnings this year were $9,189,999
against $9,633,619 last year, and the net $2,062,835
against $3/250,675, being a decrease of $443,620 in the
gross and $1,187,840 in the net.
In other words all but
$120,514 of the $1,308,354 decrease for the fiscal year
With
these
figures as a basis, and figures
period since the 1st of January.
The poor results disclosed by the Atchison and the
Burlington & Quincy, in their April exhibits of net earn¬
ings issued this week, taken in connection with the
remarks above on the Chicago & Northwest, bring out a
feature of the general railroad situation which is well
worth noting at this juncture.
If the roads named are
representative cf the sections traversed by them—and
there is no reason why they should not at least be regarded
as reflecting the tendency there—then it is clear that the
course of railroad earnings in those sections is decidedly
at variance with that in most other sections, and hence
the roads there must be considered in a class by them¬
selves.
The Union Pacific has this week given out its
occurred in the
April figures, showing a very considerable gain in net
over last year, and
we have previously noted the good
exhibit made by the. Northern Pacific.
In fact, all the
Pacific roads now, almost without exception, are doing
remarkably well, and the same may be said of Southern
roads, while the trunk lines, as reflected in the latest
returns of the Pennsylvania, Erie and Baltimore & Ohio,
THE CHRONICLE.
720
give a very good account of themselves. But
Northwestern and Southwestern roads the case is
Into Batiks.
Week ending Jane 8, 1888.
likewise
with
[VOL. XL\I.
Out of
Banks.
Net Change (a
Bank
Banks' Interior Movement, as above
970,000
5,9 )0,000
12,711,090
6.100,000
Holdings.
Gain. $1,735,0)0
Gain.
200,(K0
Tue Atchison has lost $547,797 in net
Gain. 11.935,000
18,811,000
6,876,000
Total gold and lecal tenders
for the month, and $1,632,582 in net for the four months.
The following table indicates the amount of bullion in
The Burlington & Quincy reports net of only $154,681 for
the month this year,against $910,131 in April last year,and the principal European banks this week and at the cor¬
for the four months its net foots up but $875,154 in 1888, responding date last year.
June 9, 1387.
against as much as $4,266,327 in the four months of 1887.
June 7,1888.
Sab-Treasury operations
quite different.
...
find numerous reasons
for these changes.
The engineer’s strike continued an
adverse factor during the early part of April, and as far
as the Atchison is concerned we have before pointed out
in these columns what a serious matter the enormous
With labor
shortage of last season’s corn crop must be.
troubles therefore, short crops, reduced rates and bad
weather it is not surprising that these roads should for the
current year to date have done very poorly.
The import¬
ant point Just now is how much longer the circumstances
mentioned will continue to have an influence, and that in
the nature of things it is impossible to determine at this
moment.
On the Atchison at least good crops in Kansas
the present season will make a wonderful difference.
With reference to the returns of gross earning3 for the
month of May, we have deferred till next week the publi¬
cation of our usual monthly statement, in order to have it
more complete, but an idea of what the showing will be
may be gathered from the following aggregates,covering
Of
course
the results
it is not difficult to
on
74 roads for the full month.
1987.
May.
18=18.
earnings 74 roads..$22,883,053
Month of
Gross
Thus there is
on
an
$21,740,397
Increase.
+$1,137,253
increase of $1,137,258 or 5-23 per cent
Last year in
102 roads was $3,537,801, or over 15-J
the roads that have thus
far reported.
May the gain on
per cent, only 10 roads showing a
decrease.
The stock market this week has
been dull and irregular
whole
has been rather
April
exhibits of net earnings of the Burlington & Quincy and
the Atchison, both showing heavy losses, had no general
adverse effect; and the instant success of the Pniladelphia
& Beading loan—the books being kept open only two
hours and the loan being largely over-subscribed—also
had only a passing influence upon the market.
The iron
trade continues in a very depressed state and general trade
is rather quiet, but on the other hand the crop news
has latterly been pretty good, while the reports of rail,
road earnings—barring the returns from the sections
represented by the Atchison and the Quincy—have been
generally very satisfactory. But the annual report of
and almost without
feature, though the tone on the
firm. The puolication of the
it
does
that
Silver.
Gold.
£
Gold.
£
£
Silver.
lotal.
~~£~
£
741.015
23,741,015
+52.181 47,055.202
401.800 10,239,2:0
95,107.383
40 073,030
,753.0*-0 14.101.000
20.914,000
13 329,000
44.5! 4.852 48.614,530
20,816. 925
93.129, 182
32,981.833 18,490.007
-Hung’y
5,980.000 14.955.000
49.472, 000
20.915 030
8.288.000
13.703 ,000
048 *>00
4.231, 000
8.096, 000
567.00C
1.283,000
001,000
1,118,0*9.
20.810.923
England
France
Germany
Aust
Total.
....
Netherlands..
Nat .Belgium
5.475.000
2.8 21.000
1,410.000
National Italy
0.978.000
1,118,000
8,28 L.000
3,'S50,000
8,119,000
90,870,197 210.423, 107 117, 503.020 88.107,402 203 73 3,423
118,744 541 9J,(U3.731 209,358. 272 118 ,877,403 87,859.488 204,730,881
Tot. this vreek 119.548.910
Tot.prev.w’k
THE INTERPRETATION OF
THE SHORT-
HAUL CLAUSE.
We
are
approaching a critical point in the history
State Commerce L\w.
At first all was plain
fast
of the Inter
The Commission was disposed to be moderate
The railroads were ready
and cautious in its utterances.
to give the act a fair trial.
The leading railroad men were
glad of an opportunity to put down many abuses of long
standing; and they welcomed the help of a body like the
Commission, which could distinguish between practicable
and impracticable interpretations of the law, and give it
the construction which was necessary to its successful
sailing.
enforcement.
of good feeling could not last forever.
Some of the railroads became restive, and introduced old
But this
era
abuses under
new
forms.
The prohibition of
pools had
deprived them of an accustomed, if not altogether effective,
means of
protection against one another, and they looked
in vain for anything to supply its place.
The Commission
was coming
more and more clearly to represent the
interests of the shippers against those of the railroads.
By the decisions in the Northwestern grain cases, it had
assumed a rate-making power far beyond what seem3 to
have been contemplated in the act.
In the matter of
export rates it was drifting into a position so adverse not
merely to the railroads but to the interests of the trade of
the country, that New York merchants ordinarily opposed
to the railroads in this matter have disclaimed the intention
so far as Judge Cooley seems to have done.
finally, in a Pacific Riilroad case recently decided, the
Commission has ordered the enforcement of the short haul
of
going
And
instances where it had been previously
showing disregarded under the supposad authority of the Louisville
without the income from land sales & Nashville decision a year ago.
the Keck Island has
as
Batiks of
<r
clause in many
been rather disappointing,
This increased rigidity on the part of the Commission
($220,000) and the premium on bonds sold ($844,000)
the results for the year would exhibit a deficiency of has at last been met by open defiance on the part of one
nearly half a million dollars after paying charges and 7 per of the railroads. Tne Chicago St. Paul & Kansas City,
cent dividends.
Then again no one is inclined to venture in the complications of the Western rate war, has hitherto
very deeply so long as the Treasury surplus question re. adapted its charges to the requirements of the short-haul
mains undisposed of.
The Government has been able to clause. With each reduction of through rates, it has
made a corresponding change in local ones.
buy very few bonds this week.
It now
The folio wing statement, made up from returns collected
announces that it will do so no longer, but will meet the
by us, shows the week’s receipts and shipments of cur cuts of the Burlington & Northern on competitive
rency and gold by the New York banks.
business, without further reduction at intermediate points.
In exercising an independent judgment on this matter,
Net Interior
Received by
Shipped by
Week ending Jane 8,1888.
Movement.
N. Y. Ranks. N. Y. Banks.
the Company* is merely following the directions of the
Currency.
Gold
Total sold and legal tenders.
$2,656,000
$976,000
45,000
$2,711,000
actual
$976,000
Gain.
$1,09),( 00
Gain.
45,000
Gain.
$1,735,000
changes in the bank
holdings of currency and gold caused by this movement.
Adding on the Treasury result we get the following.
The above indicates the
Commissioners in
the Louisville & Nashville
case.
The
only trouble is, that the exercise of private judgment on
the part of the Company results in a manner which the
It was held by the Commis¬
the greater charge for the
only \ppiied to traffic which was carried.
condition does not approve.
sion that the prohibition of
shorter distance
June 9,
IHE
1888.J
CHRONICLE
721
little better than a blackmailing operation to obtain
substantially similar circumstances and conditions,
special favors as the price for abstaining from a wanton
and that the earlier must judge at his peril whether the
injury. All these things have happened, and do happen,
conditions were similar or not. It was further stated by
with more or less frequency.
Is a road to be placed at
the Commissioners, as an aid to the carriers in passing
the mercy of a rival who indulges in such methods, sim.
judgment, that the conditions would not necessarily
ply because the Commission does not think them “ unrea¬
under
*
be
regarded as similar, if the through traffic was subject to sonable ?”
competition, of controlling force, on the part of other
Our sympathies in the present ca3e are with the rail¬
carriers not subject to the provisions of the act, i e., water
At least one of its rivals has pursued a most
road.
routes or foreign railroads.
On the other hand, if it is
unreasonably aggressive policy in the matter of competi¬
merely a case of competition of domestic railroads with
tive rates.
The prohibition of pools makes the danger of
one another no such exception will be allowed.
such action greater than it ever was before. The Commis¬
It is easy to see the practical reasons which led the
sion has no means of checking this abuse.
To speak of
Commission to take this position. If they did not allow
such competition as subject to the control of the act seems
an exception in the former case, the law would become too
a perversion of language.
An interpretation of the law,
rigid to enforce.
If they allowed the exception in the based on
any such misconception, cannot fail to do serious
latter, the whole section would amount to nothing. They
harm.
adopted such an interpretation as would secure the greatest
poesible amount of enforcement; applying it where they
COST OF HANDLING THROUGH TRAFFIC.
thought they could, and suspending it where they were
Railroad managers have learned by experience that
forced to do so by the logic of facts.
The change to
But in order that the courts may uphold this decision, through traffic yields very little return.
this situation has all been brought about in recent years.
the Commission must be able to show a distinction of
It is not so long ago that there was much rivalry to secure
principle in the two cases. They may not find it easy to such traffic. Trans-continental business particularly was
do this.
There is an obvious distinction between compet¬
itive and non-competitive traffic.
But between traffic sought for. But the multiplication of new roads and the
division of traffic and reduction of rates have so altered
subject to foreign and domestic competition there is no
the aspect of things, that no one would tc-day think of
such distinction.
There is a fallacy in the phrase 11 subject
building a road to the Pacific for the sake of the through
to the control of the act,” as used by the Commission.
business that might be got for the line.
It implies that the through rates of domestic rivals
And so it is in other sections, the situation in the North,
while those of foreign roads are
are thus controlled,
west just now being a striking illustration in point. There
not.
But is there any such control? Apparently not.
has been much unnecessary railroad building in that part
The only thing which the law controls is the relation
of the country, both to get local business and through,
between the through and local rates of any American
but the lesson which current events are teaching is that
rival with whom I am in competition. But this is a matter
which concerns me but little.
I am interested chiefly in competition between leading traffic centres has reached a
the absolute amount of the through rate, not its relations point where it no longer pays to make any special effort
to get this kind of traffic.
Between New York and
to other chanies.
This absolute amount is subject to no
•
direct control whatever.
The
have had before their minds
road was not allowed to reduce its
Commissioners seem to
the idea that
if
a
through rates without reducing its local rates also, reck¬
less railroad wars would be prevented.
Such an idea is
not wellfouDded.
The short-haul clause may put the
sounder road at a relative disadvantage. If I already
have a large local business, and my opponent a compara¬
tively small one, he suffers much less than I do from the
enforced reductions of local rates.
By a moderate sacri¬
fice on his own part, he may involve me in a loss many
Chicago, between Chicago and St. Paul, between Chicago
and the Missouri River, between the Missouri and the
Pacific OceaD, the story is the same—rates have got down
so low, and there are so many roads to divide
the traffic
take the through business is gone.
understand full well the char¬
acter and desirability, or rather the lack of desirability,
of the through competitive traffic, in one respect they are
not as fully informed about it as they should be.
They
are without any definite and exact knowlelge, judging
from their published statements, as to the cost of handling
that class of traffic.
Taere are many roads which report
times greater.
In those railroad wars which so often form the
average rate received on through traffic distinct from,
a
part of doubtful financial operations, the road which has
that on local traffic, and also quite a number which give
the least to lose is given a positive advantage.
It is no
the expenses per ton and per passenger per mile, but
longer a question which party has the most reserve power?
where is the company which furnishes the cost per unit
but simjly which is the most reckless.
of traffic on the through business alone ?
It is known in a
This case does not seem to have been contemplated by
the Commission.
In the Louisville & Nashville opinion general way that suca traffic, returns little or no profit ;
the course of gross and net earnings shows that the results
(I. Inter-State Com. Rep., 81) they say : “ The competition are unsatisfactory and way below the expectations
with each other cf the railroads which are subject to the
entertained with regard to the same a few years back.
Federal law can seldom, we think, make out a case of
But beyond that, knowledge is very limited.
Tnere is
dissimilar circumstances and conditions within the mean¬
apparently no means of telling the margin of profit, if
ing of the Statute, because it must be seldom chat it
would be reason able for their competition at points of con¬ any, accruing per ton of freight per mile on the through
business, nor can a line be drawn to indicate the limit
tact to be pressed to an extent that would create the dis¬
between profit and loss.
parity of rates on their lines which the Statute seeks to
Tnis is a defect which should be remedied, if it can be
prevent.” This hardly meets the facts of the case. The
remedied. The desire for information in that particular
question is not what it would Ipe reasonable for a compet¬
was never more imperative than it is
now. There is no
ing road to do, but wiiat it actually does. It sometimes
other problem in railroad economy to day that is in such
makes unreasonably low through rates out of sheer stu¬
pidity, and sti;l oftener as a war measure, to put a rival urgent need of pressing attention. Between Chicago and
S\ Paul the rate on the ]o vest class of f eight tai for
at special disadvantage.
The latter process is sometimes
among, all inducement to
But if railroad managers
THE CHRONICLE.
722
[Vol. XLVI.
100 lbs. Tbe distance detail, afford the only correct forecast of ihe autumn’sis over 400 miles, so that the roads get less than four
fruitage. When producers and consumers learn to hold
fast
tenths of a cent per ton per mile. In the late year the
every year to these facts, and not be guided or mis¬
led by prophets, official and unofficial, with special in.
Chicago Burlington & Northern realized an average per
ton per mile of less than fifty-seven hundredths of a cent formation from an army of accurate (?) correspondents,,
oh all classes of freight, and this before the late war broke whose letters are so reliable that they always have to be
out.
The question arises, is there any money in the doctored before being used—when they learn that, they
business at such figures? It would, certainly seem as if will have reduced to a minimum their chance of making a
the roads could not carry freight at four-tenths of a cent mistake about the extent of the cotton production.
But, as affecting the crop just planted, no correct judg¬
per ton mile except at a loss.
Tnat, however, is the
ment with regard to the influence of such data upon the
important point to determine.
It is sometimes good policy for a road to take development of the plant can be ob:ained, except through
freight at the bare cost of moving it to its destina¬ a comparison with similar data for pa*t years, and no year
tion, and this not to meet the competition of rival is so suitable for that purpose as the one immediately pre¬
lines, but to help out struggling industries in finding ceding. Hence the growih, conditions and resubs of
a market for their
products. But that is certainly the last yea,7s p’anting become a necessary preliminary to the
most that can be claimed in this respect.
No one would study of the similar facts which each reader will have to
maintain that business should be taken at an actual loss
interpret for himself this season. For it must be remem¬
A railroad must depend for its support upon the commu¬ bered that what we aim at is not to force an observer to
nities and districts which are contiguous to its lines.
If adopt our conclusions, but simply to give in our columns a
in addition to the local traffic derived in this way, it can record (annual, monthly, and weekly) which any intelligent
make a profit on the through traffic between more distant reader can use to enlighten himself.
We desire to help
others
think, in order that they may not be blindly led
points, then any such profit, however smaff, will serve to
into
diminish the burden resting upon the local communities.
accepting any fall estimate of the yield, through a
belief
in the superior power of divination the would-be
But with no data bearing upon that point, no one can
tell whether a given charge yields a profit or not.
At authority may claim to possess.
First of all, for use during the current season, it is
present, the only guide one has is the expense per unit of
traffic on all classes of traffic, through and local, and some needful to keep in mind that last year’s yield wras what
roads do not furnish even that.
But in the nature of may be called a “good5' crop—not by any means a “full”
things the cost on the through traffic should be less than one on the acreage planted, but a “ good ” one; just as the
two previous crops were “fair” crops and the two pre¬
on the local traffic, so that the average cost on the entire
vious to those were “bad” crops.
business hardly answers for this purpose.
The last “full” crop we
hava
had
was
ia
Of course there are difficulties in the way of furnishing
1882, when we raised 0,992,000 bales on
For instance, it is not always easy to 16,590,000 acres planted.
such information.
In 1887 the product will prove
to be about the same as that of 18S2 in amount, but in
say what proportion of track repairs and station expenses
3hall be charged to a given kind of traffic.
But are not the meantime the acreage has been increased 17-34 per
he difficulties much the same as those encountered in c?nt; lienee 1887 must in comparison be termed only a
allotting expenses between the passenger and the freight “good” crop. But looking at the yield more in detail, we
departments? Yet the New York Central, the Pennsyl¬ find for each of the years since 1882 great inequalities
vania, the Erie, the Lake Shore—in fact, nearly all our in the productiveness of the different sections of the
leading systems—give in their annual statements figures South—that is to say, no one of the years reported all
to show separately the cost per unit of total traffic both on sections alike good. This feature in last summer’s growth is
freight and passengers. Doubtless arbitrary allowances no doubt fresh in mind, for every one must remember what
and divisions have to be made on many items, but that poor results comparatively were then reported in portions
is always the case, and besides it is not necessary that the of nearly every Sute; and yet there was a marked dif¬
result should be exact.
It is sufficient to have a close ference compared witi the previous two yeavs, in that the
areas of small production covered in
no cass a large cot¬
approximation. What is wanted is simply a statement
ton
district, whereas in 1886 and 1885 they did,—in theeach year, as carefully prepared as the circumstances of
former
year the Atlantic States being the poorest, the
the case will permit, to furnish an idea roughly as to what
Gulf
States
better, and Arkansas and Tennessee best, whileit costs to handle a unit of through traffic (as disdnguisbed
in
1885
the
situation of the sections was more nearly
from the cost of handling a unit of local traffic), there
being no information on that point at present. This, in alike. It will be useful to summarize these varying re¬
connection with the average rate received per unit of sults in a form which presents the comparative produc¬
traffic, would show at a glance whether there had been tiveness at a glance. We take 100 as representing
a
fairly “full” yield on the- total acreage planted; on
any profit on the through business, and thus furnish an
that b-tsis the relative production may in a general
intelligent basis for action on the question.
way be represented about as follows for the last six
COTTON ACREAGE, STARE AND CONDITION, summers.
some
time been down to 8 cents per
1SSS.
The past year's reports and discussions
the planting, growth, estimates, and actual
with regard to
yield of cotton,
are a capital
study. The experience the trade has thereby
gained affords a new teaching of the old lesson which we
have so long insisted upon, that the June acreage investiga
tion which we make is the only safe smarting point for a fall
estimate of the summer's crop.
It teaches too with equal
emphasis, that next after acreage and stand, but in a good
degree contio’lcd by those conditions, the summer’s weekly
and monthly weather records we give with so much
* PROPORTION OF YIELD TO A T ULL CROP ON ACREAGE PLANTED.
1SS2-3. 1883-4. 1884-5. 1885-6. 18S6-7. 1887-8.
The Atlantic States
92
Alabama &
73
79
81
78
88
97
74
,71
79
75
83
Texas & Louisiana
110
82
73
S3
83
80-
Arkansas,Tennessee, Ac.
104
85
79
88
92
TOO
78
75
84
81
Total
Mississippi..
,
V
'
86 J
85
illustrate tlie above, take the total for 1SS3-I, which is 78; the
increase in acreage for that year was 5US per cent. and. with conditions
similar to those .which prevailed in the previous year the crop should
have been that much greater, or a total of about.7.350,000 bales. The
-X- To
yield, however, reached only_5,714,000 bales—1,036,000 less—a decrease
of 22 per cent. Therefore. assimiinig that the crop of
full one, that of 1883-84 was only 78 per cent as good
1832-33 was a
THE
9,1888.]
jdne
723
CHRONICLE.
figures trace, not accurately but approximately,
the annual comparative results in each of the districts
named. Starting 1882 on the basis of 100 (which indi¬
cates, as no'.ed above, a fairly “full” crop on the acreage
These
the less power for harm was the additional
the rainfall was not deficient in many dbtricts.
fact that
In
every
however, where the start in the spring was excellent,
the vitality of the plant was saved, though not always in
its full fruitage ; but where the start was poorest in the
planted), each Si ate is allotted for each succeeding year its
proportion of the total yield according to our figures of spring, the plant, as usual, showed least power of endur¬
ance
in bearing its trials.
Hence the high temperature
State production, modified by the changes made from year
to year in acreage. Thus, for instance, by this method the during the growing months explains why the yield was
not considerably larger; and the excellent stand secured
average condition or product per acre in Texas for 1887
in spring explains why so large a crop was obtained, not¬
was 80 (or 20 per cent below a fairly “full” crop), which
We have not the
is lower than any year’s average in that State except 1884, withstanding the high temperature.
although the aggregate yield of Texas in 1887 was proba¬ space to go into further details with regard to these mat¬
bly fully up to 1886. Taken as a whole, the conclusions ters, but give below our usual records of thermometer
and rainfall.
Our readers will have to consult previous
which the table authorizes are
case,
(1) that last summer’s result,
though larger in the aggregate in almost every State than reports for earlier returns. The record follows.
in the previous year, was on the average for each State
September.
August.
June
July.
Thermometer
A
not a full yield per acre, and was but 1 por cent better on
4?
Average*.
! 1
•(KIO’J
9
the acreage planted than the crop raised in 1885; (2) that
1
N.Car’lina
j
! 81*0 !,,,, 55*0 74*5 92*0 41*3 68*2
the production was distributed more evenly than in the
67*1
18>7(good) 96*4 52*9 75*3 100*1
73*4
88*9 I 58'S
61*9
76*7
93*5 65*5 1 78*7 I 92*4
57*3 73*9
9 L*9
1886 (fair).
89*9 49*3 71*6
81*4 I 95*5 60*9 78*4
96*0 60*1
(fair). 93*4 58*4 75*8
previous year, and that the bad sections as well as the 18N5
73*8
89*8
54*7
90*5
62*6
75*m!
93*4
63*2
I 77*5
1884 (bad).. 91*0 51*8 71*5
87*9 55*7 69*1
93*2 j 60*6 76*1
96*6 65*6 | 78*6
90*9 60*8 76*0
1883 (bad)..
89*4 55C 72*5
good sections were obvious in every State, making the yield 1883
I 77*3 1 90*2 65*6 77*1
94*0
63*4
58*6
75*9
95*0
(lull)..
Car’lina
unusually spotted; no doubt this condition misled many, S. 1887
43*0 71*9
(good) 100*6 53*1 76*8 102*8 66*0 I 80*2 j 94*9 57*2 77*5 | 93*8
1
*0
rCi
I
Low.
1
1
High.
rC*
i
c*
1
|
1
Low. Avge.
1
1*
1
Low.
I
1
I
1
1
;
i
for
as
eacli
State had its very poor spots,
correspondents
condition of the State the color
obtained fiom a knowledge of their own neighborhood;
(3) yet on the whole we must call the yield a “good” one;
in fact it is not certain that the product per acre under
present methods of cultivation will again fully reach the
productiveness of 1882—the old land on the average may
have deteiiorated and possibly the new land may not in
all cases have been up to the average of the old ; at least
we think so good a result per acre would require a very
at such stations gave
rare
to the
combination of favorable circumstances.
So much for the total
yield in 1887.
As to the condi¬
germination during last spring and of growth dur¬
ing the summer, we think they fully account for and accord
with the season’s results. First, from the above table we find
that the Atlantic Sta’es, though not a full yield, reached
within 4 per cent of the product per acre in 1882 and
tions of
higher than in any year since then. So, also, the average
for Alabama and Mississippi is above all of the previous
four years.
As to the other States, the results are none of
them bad, though the average is in each case less than in
some of the recent years.
Turning to the records of early
development we fmd the final results are about in accord
with the differences in the condition of the plant in its first
stages—(1) for the Arlaotic States the reports were nearly
all of them excellent—better than for years; (2) Alabama
and Mississippi were also good but a shade less favorable
in some sections, due to dry weather in May; (3) of
the other S:ates Arkansas was
the least favorable,
a
good
reporting the plant the first of June badly in grass^
while a considerable portion of the crop, until about that
date, did not promise as well as a little later.
many
18*6 (fair'.
1885 (fair .
1884 ‘bad)..
1883 (bad)..
1883 (lull)...
90*7
89*8
88*4
97*5
97*0
63*3
61*7
55*1
59*3
63*0
92*0
79*9
91*9
76*4
93*3
72 6
77*6' 100*5
94*0
79*3
99*2
92*2
93*3
62*6
78*5
64*1
61*9
76*6
91*6
94*7
58*9
63*2
59*7
64*7 !
64 *C !
1886
1885
1884
1883
(fair).
(fair).
(bad)..
(bad)..
1882 (full)..
Florida.
95*2
1887(good)
1886 (fair).
92*3
92*7
1885 (fair).
1884 (bad)..
1883 (bad)..
1882 (full)..
95*8
92*7
92*9
93*2
1886
1885
1884
1883
1882
(fair).
(fair).
(bad)..
(bad)..
(full)..
96*4
94*3
92*4
91*0
96*6
97*2
65*7
60*4
64*6
64*2
64*4
64*1
78*8
79 9
78*4
66*6
79'7j
101*2
! 9.V3
I 95*3
1 94*0
1 97*6
68*5
65*4
62*9
80-4
78*9
80*1
j 95*8
67*8
68**
80*4
82*5
I 93*8
78*0
j 92*5
63*8
78*7
| 92*1
64*8
67*3
68*9
65* 1
69*1
66*5
77*1
98*4
91*9
92*7
94*9
95*2
93*2
69*4
80*0
80*2
1
61*7
64?
62*6
59*2
97*2
78-5
92*3
77*6;
94*6
78 0
94*1
73 8
79*6 100*5
93*0
80*6
775
74*0
78*8
80*4,
81*3
79*6)
81*5
80*5;
70*2
Alabama.
1887(good)
64*0
65*0
63*4
1884 (bad)..
1*83 (bad)..
1882 (full)
.
96*1
93*6
93*1
95*4
95*6
96*4
66*9
70*0
70*3
65*7
66*0
63*1
94*2
82*9!
95*0
79*9!
98>
98*0
96*0
80*9!
80*71
Mississippi
1887(good)
1886 (Fair).
1885 (fair).
1884 (bad)..
1883 (bad)..
1882(full)
.
95*8
92*5
95*0
93*3
96*1
96*0
57*9
630
95*6
94*7
92*2
95*1
5S'0
59*8
62*7
61*8
61*5
55*8
Arkansas.
1887(good)
1886(fair)
.
1885 (fair).
1884 (bad)..
1883 (bad)..
1882 (full) .
95*5
60*5
54*4
56*5
94*5
47*5
75*2
76*5
74*1
77*0:
76*5
.
1884 (bad)..
1883 (bad)..
1882 (full)
Texas.
.
1887(good)
1886 (fair) .
1885 (fair).
1884 (b id)..
1883 (bad)..
1882(tull)
.
94*1
78*8!
97*3
91*3
93*7
93*7
93*4
96*1
94*5
95*9
93*9
93*6
94*9
94*1
80*5
65*4
62*2
67*0
69*1
78*9
77 4
80*8
78*3
82*5:
95*3
96*1
96*1
97*8
97*2
94*0
94*4
98*7
91*9
We here
see
75*7
78*7
76*1
80*8
79*4
75*0
949!
92*5!
89*4
95*1
98*7:
48*5
51*1
53*0
63*9
54*4
53*3
71*2
74*4
73-4
80*8
76*7
72*5
48*7
50*5
4s*7
60*0
41*0
47*0
74*5
73*9
72*7
77*1
73*5
69*5
73*0
71*9
71*0
74*5
69*9
711
74-3
77*6
77-8
81*3
77*2
76*6
81'5| |
93*0
7S*8|
96*0
90*6
8o*4
940
95*2
70*6
83*2'
68*6
68*3
83*2
81*9
65*5
81*5
68*9
82*4
68*7
79*7
90*1
1
96*2
97*1
96*0
96*6
99*7
91*2
60*7^
62*6
61*61
60 4!
65*0
65*0
78*3
79*3
78*2
79*7
82*1
76*4
65*1
62*8
63*4
67*5
60*5
56*0
81*2
79*5
80*4
81*1
80*2
76*0
98*9
59*4!
99*5
60*3
79*0
79*5
97*0
94*8
97*1
59*0! 77*9
89*8
9-i 9'
92*0
90*5
58* 1! 774
55*5 75*7
56*5 74*1
95 0
93*5
88*5
69*4
60*0
57*5
81*4
80*5
58*9
61*3
59*5
70*5
77*7
80*1|
99*4
97*4
97*0
78*9
98*5
89*8
89*6
65*2
79*3
96*1
57*6
76*8
92*3
61*8
57*2
78*3
76*4
93*0
89*2
59*3
60*7
75*8'
91*0
88'9i
45*0
48-4
47*5
54*6
50*4
471
79*4
82*6
82*7
8531
82*5
81*9
97*6
98*5
64*1
66*5
92*3
92*8
49*7
58*4
95*9
67*1
66*2
92*1
93* H
61*3
96*4
99* l!
96*5
930
98*6
78*7
64*71 79-7
61-01 77*3
66*1 81*3
63*7| 80*9
62*3
59*3
62 2
65*0
63*0
56*5
| 93*2
82*21 ! 90*4
68*0
68*6
100*3
95*7
63*3, 78*3
57*0
75*9
73*9
77*4
74*3
75*9
59*6
80-1;
71*5
69*5
82*21
81*3
77*31
57’Oi 78*7
59*3
61 3
59*6
94*3
91*8
90 8
94*2
90*5
91*2
70*2
57*3
100*5 65*8
93* 7: 62*0
98*9
96*0
96*6
94*8
94*4
91 *3
55*4
75*2
78*2
756
77*4
76*8
741
9V2
95*2
62*4
80*6!
51*0
55*5
58*4
58*4
58*0
58*3
91*9
93*7
80*o!
81-01
77*4
79*8
77*9
79*2
78-1
78*4
92*7
91*o
80*5!
95*7
83*7
80*1
59*9
66*7
67*4
64*3
640
67*0
80*71
93*1
85*7'
57*7
73*5
76*3
73*5
75*7
747
75*5
80*0'
80*7
79*2 I
80*7
79*4
82*9
78*7 (
82*4
83*9
57*3
57*8
69*0
69*6
70*8
69*0
71*7
70*2
72*7
88*9
49*1
60*4
67*6
70*7
94*0
83*2
95*2
92*0
90*5
91*6
92*4
91*2
93*9
1
60*4
75*0
73*0
74*8
72*1
73*9
! 94*5
|
Tknnkssee.
1887(good)
1886(lair)
1885 (fair).
96 1
94*0
87*0 61*0
85*7 58*3
88*6 56*5
93*5 52*0
92*5 i 57*8
{
78*9
81*2
63*9
67*0
97*9
76*91
59*0
93*2
98*3! 66*2
95* 71 63*4
95*7; 83*5
77*4
75*3
80*7
75*8
78*3
78*4
59*5
71*4
70*2
69*4
71*5
66*0
97*0
80*2
80*4
61*9
80*5
82*1 !
84*0 1
Louisiana.
18-7(tfood)
| 1886 (fair).
1885 (fair).
79*0
[
viEOKuIA.
1887(good)
77*6
78*6
77*4
77*9
84*2
91*8
79*7 i 91*0
65*1 80*3 < 92*6
97*0
69*5 82*2
67*0 | 81*3 ! 95*5
j
66*7
98*2! 67*6
95*7! 69*4
97*9 73*9
97*0 70*2
95*3 69*8:
97*6
97*8
94*5
69*6
67*8
77*8!
80*0
82*81
8:*»!
82*7!
83*2
79*4!
89*3
92*8
90*2
67*6
55*9
580
how usual it is to have extreme
accompany a bad crop.
further fact referred to,
heat
The rainfall table shows the
that this year a good rainfall
conditions in 1887. Here we added to the advantages in almost all sections, helping to
find that the records disclose just what one might expect confine within narrower limits the harm done; for it
hardly needs to be said that had it not been for the free
—a common unfavorable feature all through the cotton
and quite general rains the average temperature would
belt; we refer to the unusual extremes of temperature.
It is
The average was not high, but during June, July, August have been higher and much more destructive.
Next observe the summer
September the variations were unusual. Take Arkan¬ only under a comparatively moderate temperature that
cotton can endure dry weather without harm.
It is a dry
sas for illustration—the averages of the highest points in
those four months in that State were, in the same order of weather plant, but several late seasons have illustrated how
Below we give the
months named above, 95-6, 100 3, 98-9, 97-0; of the lowest quickly a burning sun can destroy it.
they were 58-0, 65 1, 59-4, 48-7; which would make the total State averages of rainfall during June, July, August
and September for five years.
It should be said in ex¬
average in the State for the four months of 1887—highest,
97-9; lowest, 57 8. If one will note how this compares planation that one ought to consult the local table, which
with other years in the table we give below, he will find that we publish every month, for these Stafe averagos are
such high and low extremes, particularly i he former, have often misleading, as summer rains are usually local showers;
aever accompanied good
years.
What gave the heat and when the stations are grouped by States they can
and
CHRONICLE.
THB
724
asily conceal a severe drought. By referring to the
detail figures at each station the variations in that par
ticular will be detected.
Bain fall Averages.
North Carolina.
1887 (good)
1880 (fair)
1885(fai )
1884
U83
(oad)
South Carolina.
1>8? (good)
188(3 (Coir)
1885 (fa r)
18X4(oad)
188;)
(had)
Georgia.
3887(good)
1886
Bain-
Days
Bain-
Days
Rain¬
Days
Bain-
fall.
rain.
full.
rain.
fall.
rain.
fall.
(fair)
1885 (fair)
18&4 (b.d)
1883 (Oad)
4-48
8-75
9 2-3
0-03
14*
4-00
9
9-18
4-37
93 4
3-82
800
13
12
8*
453
6-no
590
4‘29
14
10
4 80
7-*7
3-30
15
10
373
540
5-58
y-hs
8*.
10*
4’77
751
452
9
10
1L
4‘25
7-17
•3'HO
y-32
8‘70
5-oy
13
10
18
9*60
1374
0>0
048
0-17
875
0-77
335
505
4-o7
15
10
2-15
2-03
3*59
3-21
9-40
15
554
12
10
11
4-50
8 19
11*
11*
1*26
2-04
14
3-24
0-23
381
13
13
9*
14
11
4-20
337
5-02
9
lo
9
8
9
5-10
10*
12*8!
l7*;
0-15
8-90
7’-*4
12
004
13
3*11
4*H9
3-42
1-92
4 47
13
13
6
12
1884(oad)
1883(bad)
Alabama.
1887(good)
1880 (fa r)
1885
2'30
8
4-34
6 55
|
|
17*
6-59
7-70
511
5-10
7-70
10*
737
4-90
510
2 34
184
14
12
300
7*
17>«
7*
5-09
2-07
11*
0*
4’84
12
11
530
200
10
0
10
3 37
8-88
5'73
(bad)
Louisiana.
1887 (good)
“
23
10
9*70
4 75
0-17
0 38
2-18
8’ 10
1.,
1880
10
1314
9 1-3
17
10
15
12
5-14
1884(Oau)
1883
15
8
(fair)
1885 (fair)
1834 (bud)
1883(bad)
15
9
13
14
7-03
3 12
5-oy
1884(bad)
1883 (bad)
509
1884(bad)
1883 (bad)
12
14
12
9
12
7
8
1-93
11
7 92
4'08
10
2-37
12*
7 "
2'10
7
1-48
708
3-08
5-40
9
10
8
10
3-14
29 5
3*41
504
3'88
10
10
6*
8
I
8
Tennessee.
1887(good)
1880 (fa’r)
1885 (fair)
1864 (bad)
1883 (bad)
Tex *
4
18*
7*
4-79
099
5 35
0-70
040
10*
5-01
13
3-19
3*28
4-5-4
4-13
4-32
7
12
13
13
1885 (fair)
1884 (bad).
1883 (bad)
8*
301
301
0 05
9 7*
2-09
7*
8 1-8
10
t
12
14*
11
7*
4
3*
13
2*
3*
5*
go od or
fair.
rather excessive.
was
The main result of all this is that
the crop is backward and in a considerable section grassy.
small amount of replanting has been necessary. Towards
A
the
close of May a favorable change in the weather is to be noted.
Stands, although late, range from fair to good, and while
at many points the rains had given the grass a chance
to grow, the fields are now being rapidly put into a satis¬
factory condition again. Acreage.—From some districts an
0
4-25
7*
0-84
8
311
352
2-21
2 43
333
6*
8>s
3-41
4
2-49
0-38
2-80
9 1-3
0-98
2
attention, the use of both
commercial and home-made sorts showing an important in¬
0
crease
0
5
0
0
0
7
2-17
0"57
2-31
3-50
2-03
6
3*55
7
4-18
4*52
2-19
7*
2-50
8*14
8*
2-30
6*
2‘o0
393
0
8
j
1**,
1-82
5
2"U2
3-77
7
8
'
1*71
9
6-61
353
9*>
7*'
1-82
0-53
7*
2-14
7
2-00
751
8-55
2 92
8*1
7*
1*54
201
2’05
8
-
5*wl
8*
7
9
4
11
8
5
7*
ll
9
7
9
=
Cotton
drought was
State
7
10
13
“good” and “lair” following the years g iven
simply that tlie aggregate ciop for tlie year named was bad*
mean
May,
succeeded by rain, which in parts of the
9-02
Tlie words “ bad,”
above
sections until about the end of the first week of
4-30
5-10
6*
,
11
some
when the
9*
1*74
2-00
4
5
in
8
211
5-20
13
11*
3*
0
1
3-42
came
2-98
3‘88
1-54
1 75
s.
1887(good)
1880 (f iir)
April and being completed by the first week in May.
up well this year. Since growth began.the weather
has been rather too cool, with an excess of rain, injuring the
plant in some sections and making replanting necessary to a
small extent.
Stands as a general thing are good. Fields
are in good condition.
Acreage has apparently undergone
no change.
Fertilizers—A slight decrease in the takings of
commercial sorts is to be noted, but there has been more than
a corresponding increase in the use of home-made manures.
North Carolina.—Preparations for the new crop of cotton
were delayed by unseasonable weather.
Planting, was not
begun until about April 15, and finished generally the middle
of May.
As a rule the early-planted seed did not germinate
well at first, owing to low temperature and lack of moisture.
Seed
2-97
i
1880 (fair)
1885 (fair)
5
7
10
5
11
4*
472
3" 59
10-58
377
502
16*J
Arkansas.
1887(good)
5*
4*
3 1-3
12
0-77
7-80
1*52
1-47
Mississippi.
1887(good)
1880 (fair)
1885 (fair)
0
2-00
•
(fair)
rain.
dle of
These conditions continued to exert an unfavorable influence
3*89
5‘uo
10
9
10
14
11
10
12
11*39
14*
3-h7
4-71
Florida.
1887 (good)
1880 (fair)
1885 (fair)
Days
<
0-31
8 iy
(bao)
September.
August.
July.
June.
[Vol. XIjVT.
Acreage and stand
in 1888.
addition to the amount of land under cotton
isc reported,
decrease; but the general tendency is rather to
make no change.
Our returns would seem to indicate that in
the State, as a whole, there has been no materi >1 alteration.
and in others
a
Fertilizers continue to receive more
this season.
South Carolina.—In some
parts of South Carolina plant¬
early as the 20th of March, but the
putting in of cotton did not become general until the middle
of April.
From that time oh work was actively prosecuted
and finally completed about the close of the first week in
May. The season is claimed to be from a week to ten days
behind last year.
The early-planted seed came up well, but
ers
began seeding
that
as
planted the latter part of April was slow in germinating,
owing to the dry weather which prevailed generally until
near the lOtli of May.
After the rain came, however, prog¬
ress was more rapid.
As a result of tlie April drought a lim¬
ited amount of replanting had to be done, but compared to
the total area in cotton it was inconsiderable.
After growth
began, continued dry, cool weather acted as a hindrance, and
foregoing figures and suggestions show where and this was followed by rain, which at some points was rather
why the last crop fa led, and where and why it succeeded. excessive. Altogether the season up to tlie latter part of May
We thus gain a new expeiience for testing statements and was not favorable to early or rapid development. As the
facts with regard to the present season’s cotton growth month closes there has been a favorable change. Stands are
and production.
By going back to previous reports, the reported as fair to excellent, but, as indicated, generally,
reader will obtain further help in the analyses given of backward; most of our correspondents state that the fields
are clear of weeds, but a few say that recent rains have
previous year’s records. For we are studying a weed, the caused the grass to grow. Acreage—The tenor of the returns
development of which, like all other plants, is subject to on this point is that there has been little change in the area
fired condition?, and we need scarcely add what we have devoted to cotton.- In the Slate, as a whole, we should say
The
so
often said, that the more we familiarize
ourselves with
surroundings which oest suit its development, the less
likely we shall be to meet with disappointment in our
the
forecasts
We
as
to results.
regret to have to state that this year the first of
June investigations as to condition are much loss satis¬
factory than usual. That is not due to any lack in our
returns, but wholly to the late start and backwardness of
the plant, making a recital of the customary information
that there has been an average
increase of 1 per cent.
izers have received more attention.
Georgia.—In consequence of the
Fertile
cold weather, farmers
begin preparations for planting until a some¬
what later date than in former years; rains during March
and the early part of April were also excessive, and delayed
plowing to a considerable extent, while the dry weather which
continued throughout the remaining portion of the month of
April rendered the ground quite hard and difficult to prepare
properly ; where planting had been practicable, this absence
were
unable to
prevented the germination of the seed. The above
planting, germination, growth and stand much less remarks apply to the State in general, although the northern
positive, or periiaps we should say conclusive, than usual. sections suffered less than elsewhere. Our reports show that
For the truth is, this is a late crop, while last summer’s in the earlier districts planting began about the first of April,
but seeding was not finally completed until near the close of
crop was an early one.
In some of the State?, however,
May. From various causes—drought at some points, and cold
where vegetation is always earliest, the plant is more weather and freshets at others—rather more than the usua *
advanced and the information more exact.
But elsewhere amount of replanting was rendered necessary. Stands, as a
there is special need for later observation before one can rule, range from fair to good, though two of our correspond,
be fully satisfied as to the exact spring promise.
With ents report not good; all say the plant is backward. The
fields are generally free of grass, though in some districts
this qualification, the following summary of the informa¬
it is reported to be troublesome.
Acreage—There seems
tion received from our correspondents all through the
to have been no tendency to add to the area of land un¬
South will be found significant and In lpful.
der cotton, except in East Georgia, but the gain there is
Virginia.—Tnere was no particular difference between the
enough to offset the decrease elsewhere, so we estimate that
date of planting this year and last, beginning about the mid¬ there has been no change in the State. Fertilizers of all sorts
as
to
of moisture
June 9,
1888.]
725
THE CHRONICLE
—
r ,— ■ ■ ■■■T"
ssss
■■
■■■■a
localities, and on the first of June the conditions everywhere
received more attention, the commercial varieties espe¬ appear to be satisfactory. Stands—All of our correspondents
cially having been taken to a larger extent than formerly.
agree that a good stand has been secured, and state further
Florida.—Planting began and was completed in this State that the fields are clear of weeds and grass. Acreage—In
at about the same time as in 1887. Under the influence of
^various sections of the State much new land has been brought
generally favorable weather conditions, the seed came up under cultivation this year, but a large share of it has been
well, and practically no replanting was found to be necessary. devoted to corn and rice. Still the area devoted to cotton has
The spring, on the whole, seems to have been quite satisfac¬
been added to to a small extent—say about 2 per cent.
tory, and the plant has made good progress, the only hindrance Fertilizers—A moderate increase in the use of commercial fer*
being a lack of moisture in a few sections. Beneficial show¬
tdizers is to be noted; the total quantity used is small.
ers during the latter portion of May removed this drawback,
Arkansas.—On the whole the planting season in Arkansas
so that as the month closes the situation is pretty favorable
was a little later than in 1837—say about one week—starting
everywhere. Stands are reported good by all our correspond¬ in the earlier sections about the 10th of April and finishing
ents, and fields are in fine condition. Acreage.—The change
generally the middle of May. Owing to too dry and cool
in acreage has been small, being confined chiefly to the north¬
weather in the early spring, the seed germinated somewhat
ern portion of Florida, and averaging on the whole area an
slowly, but as a rule well. In fact, one correspondent states
increase of not more than one per cent, Fertilizers.— There
that the seed came up better than for many seasons.
The
has been a small addition to the amount of fertilizers taken
same complaint comes from this State as from other sections
this year, but the whole amount used is unimportant.
of the South, and that is, that when growth first Jpegan the
Alabama.—The planting in tiiis State did not become at all
weather wras too cool and that there was a lack of moisture.
active until about the middle of April (although in some in¬
oIn consequence of this the plant is somewhat smaller than
stances it was begun as early as the 20th of March) and was
usual. An improvement in the conditions is to be noted since
finished by the middle of May. The season averaged fully
the middle of May.
Our reports indicate that a little more
two weeks later than in 1887.
For the most part the seed
than an average amount of replanting has been required, for
came up well, but a few of our returns say that the start was
which dry and cool weather and cut-worms are responsible.
rather poor in consequence, of dry weather. The conditions
Stands range from fair to better than in many years—one cor¬
since growth began have in the main been favorable.
At
respondent says perfect. The fields are almost everywhere
first, oool nights in some localities acted as a hindrance, but
clean, and their condition is very satisfactory. Acreage—
of late warm rains have developed the cotton plant finely,
There is a natural tendency in Arkansas to add to cotton acre¬
and now it looks strong and healthy generally, but is more
backward than at this time last year by about a week. A age, but this year the increase has been less pronounced than
of late, and reaches about 3 per cent.
Fertilizers—In some
careful review of all our reports would seem to indicate that,
sections a material increase in the takings of fertilizers is re¬
with the exception of the backward start, the average weather
thus far has been quite satisfactory.
Only in rare instances ported, but only a small aggregate amount is used in the State.
Tennessee—The same causes which served to delay plant¬
was any replanting found to be necessary.
The Stand se¬
cured ranged from good to excellent, and, barring a small ing in other States operated in about the same degree in Ten¬
nessee.
Seeding was begun in some parts of the State abou^
amount of grass at a few points, due to the rains the latter
the 10th of April and was not finished altogether until the
part of May, the fields were well cultivated. Acreage—A con¬
last week in May—or fully two weeks later than a year ago
servative course seems to have been pursued by farmers in
on the average.
Low temperature and dry weather delayed
the matter of acreage; there are some slight changes made,
but taking the whole State together there appears to have germination, and in a number of instances the seed came up
Since the 15th of May needed rains
been no material increase or decrease from last year. Fertil¬ poorly as well as slowly.
have fallen, but the nights continued rather cool until near the
izers of the commercial sorts have been taken to a much
close of the month. Subsequent to that time the conditions
larger extent than ever before, and an increase in the amount
have proved favorable.
A little more replanting than last
of home-made manures used is also reported.
Mississippi.—Cotton-planting begins usually in the earlier year has been required. Stands—One correspondent states
that a good stand has not yet been secured, but all others say
sections of Mississippi about the first of March, but this year,
good. The fields are well cultivated. Acreage appears to
according to our returns, there does not seem to have been
have undergone only a slight increase, if any, and we leave
anything done until after the middle of the month. From
our figures as last year.
Fertilizers are not largely used, but
that time on, however, good progress was made, and seeding
each year receive a little more attention.
was finished from the first to the middle of May, or on the
Texas.—There was no material difference in the date of
average nearly two weeks later than in 1887. The early con.
earliest plantings this year and last, but the cold rains since
ditions were not very favorable to germination, dry weather
then have delayed work, so that the finish was probably ten
and cool nights acting as a hindrance to rapid development
In general the seed has come up well, but consid¬
In a majority of cases, however, the seed came up well^ days later.
erable sections in creek bottoms, on account of floods, have
although slowly. From a variety of causes (drought at some
had to be replanted. Otherwise the conditions since growth
places, cool nights at others, and in a few localities cut worms),
Litterly the began were fairly favorable until near the close of May,
a moderate amount of replanting was required.
when the rains became so excessive as to prevent needful
conditions have been more favorable, both as regards tempera¬
ture and rainfall, and cotton is growing rapidly.
Stands— work. Stands are reported good, and the plant is now grow¬
The stand secured averages good, but as can be inferred from ing rapidly, but from constant rains the grass is becoming
troublesome. With a short term of dry weather, however,
the above the plant is not as far advanced as at this time a
the surroundings would be favorable.
Acreage—Our reports
year ago.
Still the fields are well cultivated, and with satis¬
on this point evidence the usual disposition to add to the area
factory seasons from now on an excellent crop should be
under cotton. * In some sections the increase has been slight,
obtained. Acreage—In the Yazoo Delta—the richest cotton¬
and in others very large. In the whole State we estimate the
growing region in the State—there has been a large amount
of new land opened and planted in cotton.
In fact our corre¬ gain at 5 per cent. Fertilizers are little used.
Tne foregoing details convey a pretty char idea of the
spondents place the addition in that section at fully from 10 to
20 per cent.
Elsewhere the acreage has also been increased, situation about June 1st in each of the cotton States. We
but only to a moderate extent. For the State a fair average have, however, prepared our usual statement of
gain would be about 3 per cent. Fertilizers are not much and thermometer as a confirmation of these results, and they
used, but a small increase is to be noted in both varieties.
will be found in our Cotton Report on a subequent page.
Louisiana.—Planting this year was from one to two weeks
The facts given furnish sufficient data from which
behind 1887, owing to the low temperature in February and
the first part of March. After that time the weather was to draw intelligent conclusions upon the points covered by
quite favorable, with light rains, and generally all the seed this report.
CONCLUSIONS.
had been put into the ground by the close of April. The seed
came up well, and notwithstanding the later start the plant
They may be briefly stated as follows :
is but little or no less advanced than a year ago.
An overflow
First. As affecting acreage, we observe a pretty gen¬
of the Red River rendered a small amount of replanting eral
disposition to bring new land under
necessary. Since growth began, the weather has been favor¬ and to
give a portion of it to cotton. As a
able (some say eminently so), although a little cool at night in
have
t
rainfall
cultivation,
rule thi3
726
THE
tendency to
CHRONICLE.
is very moderately indulged, and
nowhere aggregates a large increase.
It is less apparent
in the Atlantic States ; and probably in the most of that
section the backwardness of the season and the delays
experienced in preparing the ground have discouraged
attempts to increase cultivation. We make no change in
our figures for
any of those S'.ates, except in South Caro¬
lina, where there has probably been a very small addition.
Coming to the Gulf States, the planting is earlier, and
the conditions which have ruled during the season change
to somewhat more favorable ; in all of them
(except Ala¬
bama), and also in Arkansas, there is a growth in the
under cotton.
It is
Secon l—W:th
regard to the maturity, cultivation and
plant, the conclusions are as follows:
(1) As to Maturity, the crop as a whole mus". be called
a late one.
In this p irticular it is in strong contrast with
the situation of the pUnt t ie first of last June,
the ground
having then been prepared early, and the start and subse
quent development having also been rapid. The comparison
is, however, most unfavorable as regards the Atlantic States,
where a late season is always more distingu shable at this
period of the year, sit.ee the planting in any eve at is later
there than in the Gulf States, so that ihe deliy, oeyond
the usual time, of one or more weeks in the
early
spring becomes a more serious question. Hence, in our
summary, as we get down into Florida and Alabama, and
more
decidedly when we reach Mississippi and Louisiana,
we meet a
maturity nearer in accord with last year, if in
fact it be not in some portions earlier.
(2) Cultivation in North Carolina has not been carried
forward as rapidly as needful, on account of the late
rains, and as a consequence the fields over a considerable
section are grassy.
This is true also, but to a little less
extent, of South Carolina, and likewise, but to a still less
extent, of Georgia. A very considerable portion of Texas
condition of the
small, but shows a conservative
expansion. We cannot conclude from this that produc¬
tion at present prices is profitable. Upon the richest land’
where the crop is a good one, the cost per bale is small ;
and it seems to bo in the richest sections, where the ex¬
pense connected with cultivation is least, that the expan¬
sion has mainly taken place.
In Texas and Arkansas the
greater production is due to new settlements during re¬
cent years.
But in all the Slates, so far as the planter
raises his own food and keeps cotton as a surplus crop,
whatever he gets for it above labor provides the clothing
etc. for himself and family, and when there is no
surplus, on June 1 was in like manner situated. With these
these comforts are wanting too.
One condition has re¬ exceptions, all the States report, as a general rule, clean
cently grown less onerous in some sections, and that is and well cultivated fields; in this particular, Mississippi,
tne rate of interest on advances obtained.
This, so far as Louisiana, Arkansas and Tennessee senl us the fewest
it is true, helps the producer’s balance sheet.
Yet the fact complaints, the two former beiog the best.
remains that with the best land in the world for raising
(3) Condition of the plant, as may be gathered from
cotton, with population increasing in all the Southern what has been said, was on June 1st quite various. In
States, with the planter shut out from hope of profit ex¬ all the Atlantic States it was sma'l and backward, decid¬
cept through his crops, with consumption by sp nners in¬ edly so compared with last year, when those States were
creasing in Europe and America, acreage for several yeais pre-eminently in a good shape; still it is reported now
now has shown
only a trifling annual increase. The more promising in South Carolina than in North Carolina,
changes this year, as we make them up for each State, and in Georgia than in either of the others. So also in a
have been as follows.
part of Alabama it is still in uncertain condition, needing
area
*
expansion
[▼«. zlvl
Estimated
for 1888.
Acreage,
STATE8.
1887.
Acres,
Increase.
North Carolina
1,027,900
South Carolina
1,636,600
Georgia
3,066,120
Florida
269,800
1 per cent.
Alabama
2,953,240
2,693,450
Louisiana
1,045,450 2 percent.
4,291,770 5 per cent
1,411,200 3 per cent.
Arkansas
Tennessee
968,200
Other States & Ters.*...
103,000
Total
*
The
3 per cent.
rf'a
........
*
1 per
cent.
19,166,730 1-95 percent.1
under cotton in the
1888.
1,027,900
1 per cent.
Mississippi
Texas
Decrease,
1,652,960
3,066,120
272,500
2,953,240
2,774,250
1,066,3-10
4,506,360
1,453,540
968,200
101,000
This shows
a
net increase
over
COTTON ACREAGE FOR THE YEARS
1837 of T95
We add the
NAMED—(0003 Omitted).
North Carolina
1,028
South Carolina
1,637
3,066
1,032
1,670
3,006
3,067
270
284
234
2,953
2,693
1,045
4,292
1,411
2,924
Tennessee
All others
1.093
1,072|
1,072
1,041
1,687!
1,606
3,007 i
1,651
2,977
2,835
278'
270
265
2,984
2,397!
2,679
2,615
1,015
4,011
1,34 i
2,564
2,489
2,813
2,440
995
921
940
901
3,680
1,305
3,257
1,231
3,102
1,184
2,820
1,117
968
940
931
895
886
869
103
103
103
100
111
108
Total acreage....
19,46ti
13,994
18,710
17,834
17,449
16,590
production....
6,950
6,514
5,669
5,714
6,992
Alabama...,
Mississippi
Louisiana
Texas
Arkansas
it
more
2,346
.
favorable.
THE DEBT STATEMENT FOR MAY, 1888.
The following is the official statement of the public debt as
appears from the books and Treasurer’s returns at the close
of business
May 31, 1888.
INTEREST-BEARING
Character of
Inter’t
Issue.
P’y'ble
4^s
1,704
Georgia.,
and Arkansas
per cent,
1887-88 1886-87 1835-86 1884-85U883-84 1882-83
Florida
generally reported excellent; of course the growth
in Texas, and to a small extent in some other
States, endangers the plant, but that will be remedied if
dry weather is not delayed too long. Altogether, with the
exception of being late, we should say that the growth out¬
side of the Atlantic States and Texas was fully as favor¬
able as at this date last year; and in Mississippi, Louisiana
of grass
19.845 430
bringing up the total to 19,845,430 acre*.
acreage for previous yetrs for comparison
States.
stand is
Indian
Territory, in increasing, but
in the “Other States,” which produce little cotton, the tendency is
to plant less; altogether we judge there has been an addition of abou
1 per cent.
area
later information to determine the exact' situation of the
stand.
Elsewhere, though late in many districts, the
1891. Q.-M.
1907. Q.-J.
is
is refdg.certfs. Q.-J.
3a, pension ..
Pacific RRs...
Amount
Registered.
$
187,159,400
Outstanding.
Coupon.
J.&J.
Int. Due Accrued
<k Unpaid. Interest.
Total.
$
35,807,750
223,0*27,150
199.940
010,820,050 108,451,350
719,271,400
1,100,102
49,908
*04,023,512
138.8 X)
14,000,000
*04,023,512
14,519
1,015,587
802,002,902 144,319,100 1,021.000,802
1,400,537
9,095,711
J.& J.
Aggregate
DEBT.
$
$
$
2,509,0554,795,142
925
175,000
*
$2,362,000 matures Jan. 10, 1895; $640,000 Nov. 1. 1895; average date of
19, 1895; $3,080,000 Jan. 1, 1890, $4,320,000 Feb. 1,1890
average date of maturity, Jan. 18,1896 ; $9,712,000 Jan. 1, 1897; $29,904,952 Jan.
1,1898; $14,004,500 Jan. 1,1899.
maturity, March
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Aggregate of debt on which interest has ceased since maturity is $2,555,015 ;
Interest due and unpaid thereon, $i09,102. This debt consists of anumberof
items of which the principal amounts are called bonds, the principal item
being $758,500 called 3 per cents of the loan of July. 1882.
DEBT BEARING INTEREST.
Amount.
Total
6,55
Increase in acreage.. 2-49 p.c 1-52 p.c 4-91 p.c 2*21p.c. 5-18 p.c *l*55p.c
Incr'se in production 6*69 p.c *0‘55 pc 15*5 Ipc *0-79 pc *18‘3 pc 28*6 p.c
Product per acre,lbs.
157
162
ICC
144
149
194
*
Decrease.
Old demand notes
Legal-tender notes
Certificates of deposit
Less amount held in Treasurer’s cash
Gold certificates
|
j
$50,937
'
340,081,010
12,700,000
470,000143.155.^40
12,230,000
JUHB 9,
Amount.
Less
Silver
amount held in
$33,574,110- $109,581,730
217,103,828
20,458,423- 196,645,405
15,299,340
8,375,934—
0,983,406
Treasurer’s cash
certificates
Less
amount held in Treasurer’s cash
Fractional currency
Less amount estimated as lost or
Aggregate of debt bearing no
destroyed....
$072,118,495
Interest
RECAPITULATION.
Debt bearing no
$
10,556,248
2,555,645
109,162
1,031,017,110
2,724,807
672,118,495
10.725.411
1,706,460,413
672,118,495
interest
1,695,735,002
Total debt
Less cash
items available for reduction of
held for redemption of U. S.
Less reserve
Total debt, less
Net cash in the
the debt.. .$331,739,637
100,000,000
notes
Decrease
431,739,637
1,274,720,776
94,706.017
available cash items
Treasury
Debt, less cash in the Treasury, June 1,1888
Debt, less cash in the Treasury, May 1, 1888
Decrease
$
1,021,060.862
$
Interest-bearing debt
Debt on which int. has ceased...
Total.
Interest.
Principal.
•
i
of debt during the month
of debt since June 30, 1887
1,160,014,159
1,181,632,855
1,618,695
99,414,577
STATEMENT.
UNITED STATES TREASURY
for May, from the office of
issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superin¬
tendents of mints and assay offices, and shows the condition of
the United States Treasury May 31; we give the figures
for April 30 for comparison :
The following statement
the Treasurer, was
MAY
April
31,1S88.
727
CHRONICLE
THE
1888.]
30, 1888.
ptouctavtjl ©ummercial ^uglislt Hews
[From our own
correspondent.]
London, May 26,1888.
market has become much easier during the past
week, partly owing to the smaller demand for money and
partly to the expectations of considerable additions shortly
to be made to the stock of bullion in the Bank of England,
gold being expected both from New York and Australia. While
on the one hand there has been no special demand for money,
the number of new securities offered to the public having
been limited in consequence of the Whitsuntide holidays,
there has also been less opportunity for using the market bal¬
ances in the purchase of bills.
Bankers’ balances are but
little larger than they were a week ago, while the reserve in
the Bank of England is less than half a million larger.
Owing, however, to the circumstances referred to, both short
loans and discounts have become much cheaper.
On Wednesday the brokers reduced their rates of deposit
to 1% per cent for money at call and
per cent for money
at notice.
The reduction, which was 34 per cent, simply
brings the rates to the normal level usual with a 3 per cent
Bank rate. When the directors of the Bank of England
advanced their rate to 3 per cent, the bill-brokers advanced
their rates for money to 34 Per cent above the usual figures,
much against the better judgment of a considerable portion
Brokers have now retraced their step, which
of the market.
it is seen was a mistake, and the market value of money
throughout the week has ranged from 1 to 134 Per cent, with
balances most of the time hard to put out at 1 per cent.
The
The money
three months’ bankers’ acceptances, which
in the neighborhood of ‘214 per cent,
discount rate for
when
we
last wrote was
gradually fallen during the week, and is now quoted at
\% to 1% per cent, while Indian banks have been able to
place their bills to arrive from the East at
per cent for
the three and four months’ maturities and 1 % for the six
months’ bills. Next week a nineteen-day Stock Exchange ac¬
count will have to be settled, and short money may be rather
dearer. Dealers in money are also looking forward to the
floating of a large number of new securities. The main
factor, however, leading to the fall in discount rates this week
has been the telegraphic advices of shipments of gold from
New York for Europe, the aggregate having already been
reported at close to a million sterling. Less than half of this
amount is expected to come to this market, the bulk of the
shipments b^ing, it is believed, for Germany; but the fact that
these shipments to Germany have diverted the German de¬
mand for gold from this market has encouraged competition
for the few bills that have been offering in the market.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c. t
compared with the last three years :
has
Assets and
Gold—Coin.
Bullion
Balances.
and,
Liabilities.
Liabilities.
195,832,419
190,668.288
122,132,999
114,050,440
...
Assets
312,801.287
Total gold
(Asset) 809,882,859
143.155,840
Certificates issued...
Certificates on hand.... 33,574,110
Certiflc’s, net.(Liability) 109,581,730
Net gold in treasury
120,414,703
20,853,500
99,561,293
200,301,129
213,239,994
2,802,018
230,156,394
3,324,419
Total silver
(Asset) 243,389,988
217,103.828
Certificates issued...
Certificates on hand.... 20,458,423
230,480,813
212,743,041
18,316,109
Silver—Dollars,stand’rd 240,587,970
Bullion
Certiflc’s, net.(Liability) 196,045,405
Net silver in treas’y
D. 8tates notes....(Asset)
Certificates issued...
Certificates on hand.
46,158,200
Certiflc’s, net.(Liability)
12,230,000
..
Deposits in Nat. Banks
45,063,881
39,040.014
10.655.000
100,000,
10,555,000;
33.928,200
0,5 >5,023
253,770
60,075,601
353.011
355,673,817
1,908.008
4,288,815
1,440,018
7,4*0,123
2,555,64*
169,162
2,075,155
170,874
1,440
954
14,520
15,450
1,815,588
1,292,470
Debt and int.(Liability)
Pract’l cur’cy redeemed
U. 8. bonds and inte’st.
Int.ch’cks & coupons p’d
Reg. Acoup. int. prep’d
13,282,503
10,412,326
Debt and inter’st.(Asset)
41,139
D'bt&int.net(Liabi/itv
Res’ve for red. U.S. notes.
Fund held for redemp. of
notes of Nat. Banks
Five p. c. f’nd for redemp.
of Nat. Bank notes..
iob.ooo.ooo
100,000,(XX)
6,449,041
1,857,895
1,480
020
5,020
1,802
779,379
572,027
and drafts outstanding.
4,718,022
0,280,305
Treasurer U. 8.,agent for
paying int. on D.Col.bds
145,628
106.050
(Liability) 45,551.592
38,777,144
Treasurer’s transf’rch’ks
,
Total
45,544,726
38,773,591
Balances. .(Liability)
353,151,689
345,427,847
Net balance....(Asset)
94,706,617
Net...,
(Liability)
Assets not available—
Minor coin
Subsidiary silver coin..
Aggregate
net Asset
143,389
..
£
£
24,532,270 24.434,110
1885.
£
24,223,305
7,510,069
0,564,827
4,984,893
26,110,343 23,618,012 27,931,058“
15.429,835 14.833,498 14,097,134
19.207.009 18,665.929 21,210,566 20.886,282
11,789,920 14,880,908 10,9*8,054 18,308,515
19,814,925 23,609,178 19,072,104 20.841,880
61* p. 0.
383* p.c. 47* p. c. 37 7-10 pc
23,807.042
17,055,147
8 p. c.
101*
2
D. c.
103*
3 p. C.
101 13-16
2
p.c.
101 1-10
98,206.000 80,783,000 80,100.000 75,045,000
market, which on Saturday last was eo depressed
that fine bars were quoted at 41 %d. per ounce—%d. under the
3,553
0,806
1886.
The silver
190,387,684
1,830,270
Int.on D.Col.bds pd (Asset)
Clearing-House return
5,589,183
1M,385,599
Bank rate
Consols
94,852,724
93,836,593
5,421,470
24,470,009
account
ooin
Reserve to liabilities
10,206,572
5,015,838
32,999,349
and
coin
redemption account....
Fractional silver coin re¬
demption account
Redemption and exch’ge
Other noonrltie*
345,754
13,241,304
Redemp.res’r.(L4oWht v) 200,814,640
Undistrib’d ass’ts of fail’d
Government securities
Reserve of notes and
1887.
6,433,602
Public deposits
Coin and bullion
7,124,143
^National banks
Currency
minor
24,225,005
Other deposits
144,800
34,105
201,970,867
Netres’rves.(Liab4Utp)
Post Office dep’t account.
Diiburs’g Officers’bal’ces.
£
954
1,440
5,588
6,979,047
Nat. Bank notes in pro
cess of redemp.. .(Asset)
1888.
Circulation
RR.b’ds
due, unpaid
Acc’d int., Pac.
28,491,014
0.613.023
61,921,294
347,858*306
Balance!*... .(Asset)
Public Debt and Int.—
Interest due,unpaid....
Accrued interest
Matured debt
Inter’t on matured debt
Int. prepaid not accr’d.
Debt bearing no inter'st
Int. oq Pac. HR. bondt
194,426,932
40,744,583
12.700,000
47o,000
Net U.s.notes in treas.
Trade dollar bullion....
National Bank notes.
Balances.
110,344,970
148.100
25,878,872;
25,750,228
120,728,878'
136,143,358
previous lowest price on record—has been steadier during the
past week under the influence of a recovery in the Indian Ex¬
change, and the announcement that the India Council will
reduce the amount of its drawings next week. The price of
fine bars rose to 42d. and the value of the rupee for tele¬
graphic transfers from Is. 3 15-16d. to Is. 4 l-16d. Very little
confidence, however, is felt in any recovery of a permanent
character, if indeed rates advance at all. To-day the prices
of silver have fallen back }/6, to 41% d. per ounce. Not only
are we entering upon the quiet season, but money is becomicg
very cheap in the East.
The Bank of Bengal has reduced its
rate to 4 per cent, while in the “bazaar” money is reported
to be as cheap as 2% per cent.
Seeing that the value of the
rupee has not been maintained even during the active export
season of wheat and cotton ia India, the expectation of an
advance during the quiet season is not very strong.
As re
gards the reasons for the recent heaviness of the Eastern
[VOL« XLVli
CHRONICLE.
THE
728
September 1):
.
.
which is yearly becoming greater, has restricted ship¬
to Europe, while the exports of Indian wheat have
been considerably less, they having been replaced by increased
shipments from Russia. The depreciation of the rouble has
facilitated Russian exports of wheat in competition with the
Indian exporter. The statistics of the exports of wheat from
India and Russia, as bearing upon the course of exchange,
are so remarkable that we are led to give the following com¬
parison of the imports into Great Britain for the four months
yarns,
Imports of wheat
Imports of Hoar
ments
Sales of home-grown
•ended 30th
From—
Hr. East Indies
Russia
1*80.
18*7.
Cirt.
Cwt.
2,r,W),400
S.RSW.TMS
1,381,980
are
,
Value.-
<
Cwt.
074.1*70
1,010,170 4,192,011
1888.
18*7.
18*0.
£
1,201,132
517,181
1887.
1886.
34s. Id.
32s. 4d.
Financial HarkeKi-Per
,
£
£
972,040
2:<:-t,488
409,372 1,511,018
Pixley & Abell write as follows on the state
of the
Arrivals have been': .£1 <>9.000 from Australia,
the hulk
Hank of
£32,000 from
The Werra brought £I V0(»0 from New York.
Mexican Dollars—No business lias taken place in these coin and we
•can only give 41 %d. as the nearest quotation.
quote 42d.
quotations for bullion are reported as follows :
Cable.
for securities, &c., at London,
follows for the week ending Jund 8:
daily closing quotations
reported by cable as
109*4
130*4
58%
Canadian Pacific
67%
Chic. Mil. & St. Paul....
24%
Erie common stock
121%
Illinois Central
U. S. 4b>sof 1891
U. 8. 4s of 1907..
533a
Pennsylvania
Philadelphia & Reading. 30*2
1**734.
New York Central
42
980*16
98*%6
99
9*
83*25
109*4
130*4
10;* *4
58%
58%
68
25
121%
67 :t4
25
122
53%
53%
31
1<»7%
31 *s
53%
30%
107%
107*8
57 '8
66 *-8
24 %
121%
66%
2.) *4
122
5 1
99l16
99% o
83*22%
109%
130%
5< %
66*4
24%
122*4
54
30%
107%
30%
107*2
ileujs
national banks have been
Banks.—The following
organized since last advices :
3,890--The First National Bank of
.
83 20
109*8
130*4
58
tSommcrctal and i^tscella neons
National
42
42%
109*4
130*4
130*4
Fri.
Thurs.
Wed.
Tnes.
Mon.
Sat.
42*]6 42 *8
d. 42ki
Consols.new 2% percts. x98Uifi 981 bn 98i%o
x98i-'h, 98»b|fl 981^16
do
for account
83'07*2 83*22%
Fr’ch rentes (in Paris) fr. 83 05
Natal and £13,000 from China; total, £214,000.
Silver—To the end of last week silver continued in a very weak state,
and some purchases actually took pi >ce at 4l%4.—the lowest price that
has ever been known. On Tuesday, however, a spurt took place in the
Indian Exchange, and an immediate recovery endued, and we to day
The
1888.
31s. 8d-
Silver, ner oz
Gold—There has been very little demand for gold, and again
•of the arrival*. £253,<)00 altogether, has been purchased by the
•
week.
price wheat
The
1 TO APRIL 30.
1*K8.
30,414,163 24,62*',962 31,869,099
...
75,814,593 74,151,956 77,029,985 '
English
bullion market:
England.
34,986,592
13,222.889 12,8.4,618 10,174,294
London.
Quantity.
,
Messrs.
Aver.
1885-6.
1887-8.
1886-7.
cwt. 32.177,541 36,716,376
Total
April last:
IMPORTS OF WHEAT, JAN.
consumption (exclusive of stocks on
Supplies available for
exchanges, we may briefly state that as regards cotton, the
Indian home consumption of cotton for the spinning of
Rockwall,” Texas. Capital, $50,000.
President; I. .T .Wood, Jr.. Cas ier.
3 891—The Citizen s’ National Bank of St Paul, Neb. Capital, $50,000.
Ed. McCormick, President; I. F. McCarty, Cashier.
3^892—The First National B .nk of Redlands, Cal. Capital,
F. P. Morrison. President, John W. Wilson, Cashier.
3,893—The First National Bank of Hazleton, 1 enn. Capital,
A. \\\ Lcisenring, President; John R. Leisenring, Cashier.
E. C. Schneider,
$50,000.
$100,000.
d.
d.
d.
d.
42
Bar silver
41%
77 9
Imports and Exports for the Week.—The imports of last
Bar gold, fine—or. 77 9
silver, containBar f?old, contain'g
week, compared with those of the preceding week, show a
42 H
77 10
inK 5
gold.oz. 42%
20 dwts silver..oz. 77 10
decrease in both dry goods and general merchandise.
The
45 3-16
45 5-18
rake silver
8pan.doubloons..oz.
total imports were $7,829,848, against $9,136,602 the pre¬
Mexican dols
41hs
:S.Am. doubloons.oz.
ceding week and $8,5'io,583 two weeks previous. The exports
for the week ended June 5 amounted to $5,162,314, against
At a meeting of the Stock Exchange Committee this week,
$5,645,192 last week and $5,165,510 two weeks previous. The
it was resolved to form a department for the registration of following are the imports at New York for the week end¬
American Railway Securities. Some of the great American cor ing (for dry goods) May 31 and for the week ending (for
porations have London agencies, but in several instances the general merchandise) June 1; also, totals since the beginning
SILVER.
GOLD.
London Standard.
May 24.
s.
May 17.
London Standard.
May 24.
May 17.
s.
oz.
tfar
Krs.
oz.
oz.
arrangements for meeting the wants of the public are very
•defective.
The attempt has .been made in this country to
•overcome the various difficulties of the situation by forming
of the first week
in January :
FOREIGN IMPORTS AT
-
For
1886.
1885.
Week.
$1,194,943
NEW YORK.
1888.
1887.
.
$1,297,034
$1,687,110
$1,507,048
Dry Goods
6,322,800
English Association of American Bond and Shareholders, Gen’l
6,743,535
5,130,115
5,880,844
mer’dise..
but the Stock Exchange has not encouraged this association,
$7,829,848
$8,430,615
$0,433,149
Total
$7,0:5,787
partly because it exercises judicial powers, and is not merely
Since Jan. 1.
$42,178,425 $50.552.981 $53,485,907 $58,132,110
mechanical in its action; partly also because of the fear that Dry Goods
146,749,738
Gen’l mer’dise.. 11 ,850,109 134,913,769 146,829,733
those who may direct it might use information. for market
Total 22 weeks. $160,028,534 $185,466,750 $200,315,640 $204,881,848
The present intention of the Stock Exchange Com¬
purposes.
Iq our report of the dry goods trade will be found the im
mittee in forming its own department is to have a purely
•executive office which will take in shares for registration, and ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
will virtually become the registration office in London of the
specie) from the port of New York to foreign ports for the
various companies which agree to the arrangement. It is week ending June 5.,1883, and from January 1 to date;
EXPORTS FROM NEW YORK.
intended to approach all the principal American companies
1888.
1887.
1886.
on the subject, and doubtless in course of time they will find
1885.
it advisable to deal with the new department, not only as to
$5,102,314
$5,764,222
$5,941,684
$6,058,749
For the week....
the registration of shares, but also with respect to the publi- Prev. reported.. 134,429,165' 119,802,720 12 L.522,427 120,534,797
tion of traffics, revenue statements, and other official informa¬ Total 22 weeks 8140.487,911 $125,744,4 it* $127,286,649 $125,697,111
tion, such as the declaration of dividends, etc.
The following table shows the exports and imports of specie
Following last week's rainfall, there has been for the last at the port of New York for the week ending June 2, and
.■six or seven days a renewal of dry weather, with rather a low since January 1, 1888, and for the corresponding periods in
1837 and 1886.
temperature and winds chiefly from the east and northeast.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Provincial advices represent a cheerful feeling in consequence
Imports.
Exports.
of the fine weather, and prices in Mark Lane have given way.
Gold.
Week.
Week
.Since Jan.l.
A feature in prices is that at the present time the Gazette
^SineeJan.l.
$1,763
average price of barley is within Id. of the Gazette average price
$
$750 $2,946,812
Great Britain
2,606,506
17,500
of wheat—viz., 31s. 8d. for wheat and 31s. 7d. for barley.
Last France
917,499
3,527,901
Germany
263,804
11,200
4,921,312
year at this date wheat was quoted at 34s. Id., and barley at West Indies..
10,833
l.oOO
Mexico
:21s. 9d.
Notwithstanding the much higher price of barley, South America.
171,668
130.919
1,175
16,200
152,710
2,300
324,333
6,700
and consequently of malt, speculators in brewery shares in All other countries...
this country have been buying largely on the idea of im¬
$15,675 $4,124,753
$23,650 $11,868,777
Total 1888
2,573
4,t>86,394
5,440.185
142,659
Total 1887
proved dividends.
2,718,276
14,252
2,105.380 29,660,207
Total 1886
The following shows the imports of cereal produce into the
Imports.
Exports.
United Kingdom during the first thiity-seven weeks and
Silver.
Since Jan. 1.
Week.
oinceJan. 1.
Week.
three days of the season, the average price realized and other
$12
$
$209.“51 $4,408,324
Great Britain
items, compared with the last three seasons :
110,589
214,709
5,000
•the
.
........
France
IMPORTS.
1886-7.
1885-6.
cwt. 32.177,541
36,716,376
34,986,592
14,802.769
13,562.372
9,785,042
8,702.661
1887-8.
Wheat
Barley
Oats
Peas
Beans
Indian
Plour
10,91 *,923
2,3 7,153
corn
1,905.716
15,754,951
13,222,889
1,797,150
1,855,062
20,819,361
7,435,703
1 512,067
2,395,309
22,170,174
12,314,618
10,174,294
14,599
6,r>30
144
300
22,512
39,967
390,2* 6
144,336
7,617
11,196
1,243
535,862
$->37,466
$5,198,516
$22,9.6
$877,136
19,368
Mexico
South America
All other countries...
Total 1888
Total 1887
Total 1886
67,524
125,882
Germany
West Indies
175,800
148,100
4,639,704
5,082,312
3.273
29,145
965,622
713,987-.
| {Juke 9, 1888.]
Of the
in 18S8, $1,215 were Am^ri
above imports for the we“k
coin. Of the ex¬
gold coin, and $3,151 American silver
ports during the same time, $19,750 were
can
American gold coin.
National Bank Notes to
Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
May 1, together with the
amounts outstanding June
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
Changes in
June 1.—The
notes up
729
CHRONICLE.
THE
Coinage by
and the five months
of May
Legal Tenders and
to June 1:
$258,372,268
1, 1888.
$2,910,24 6
5,079,183
issued during May
Amount retired during May
Amount
Amount outstanding
2,768,937
$255,603,331
June 1,1888*
Legal Tinder Notes—
$95,480,356
$4.6(57,819
5,679,182
in May
Amount on deposit to redeem national bank
*
$94,488,993
1888
Circulation ol national gold banns, not
notes June l,
According to the above,
1.011 363
included above, $206,317.
the amount of legal tenders on
States
deposit June 1 with the Treasurer of the United
to
redeem national bank notes was $94,468,993. The portion of
this deposit made (1) by banks becoming insolvent, (2)
banks going into voluntary liquidation, and (3) by banks re¬
ducing or retiring their circulation, was as follows on the first
of each of the last five months :
by
A pril
March 1.
Ftb. 1.
Deposits by—
$
$
1,159.764
815,868
1,195,548
Liquid’g bks.
Red’c’g uudr
7,528,169
7,120,596
act of ’74.*
$
$
$
Insolv’t bks.
June. 1.
May 1.
1.
1,116.503
7,13o,Oll
1,153,500
7,374,957
7,034,316
86
93,655,666 90,950.890 88.517,765
:
eagles
Eagles
Half eagles
Double
Standard dollars....
Act of June
20, 1874, and July
enabled
Government
month of May.
the
18'0-7.
Receipts.
toms.
9,708
10,850
18,215
July
August
September
22,687
20,': 99
October
19.596
10,442
10,8^9
November
15.742
9,8811
December
15.420
January
17,839
April
17,831
9,080
9,110
9,718
May
15,943
13,818
17,621
Total 11 months. 201.3*4 113 59S
«
17,899
35,618
21,193
9,090
2,081
20,086 j
10,758 ,
15,087
10,332
17,0*1
18,874
2,619: 33,800
3,414
3,505 !
33,839
29,1*8
3,038
29,060
9,460
9.479
I
$
*
2,258 1 29,637
2,439! 33,622
2,141 ! 31,087
3,301 | 29,538
10,159
14,389
3,418 28,080
2,747 | 28,023
2,505 i 28,300
2,657 ! 29,774
3,459 33,358
3,514 1 31,755
2,890 33,834
31,476 340.458 '198.422 108.400
31,428 [338,310
10,602
9,500
1 19.691
1 1
2,832 30,815
*
9,480
*
I
$
Inter'l \ Misc'ls i lotal.
Iiev'ue Soured ij
Customs.
•
t
February
March
!
3,095 30,434
2,842 31.613
2,137 28,808
2,756 30,3'5
3,157 32,918
20,541
18,082
10,510
Total silver
Five cents
Three cents
One cent
.
Disbursements.
Ordi-
Pen-
Int. <5c
nary.
sions.
Preins.
August
Septetuber
,
16,500
22,429(
2,329
12,047
30,8051
October
J
9.572
18,288
518
28,378,
10,381
19
2.580
|
November
December
January
February
1
1*,014
9,461
$
11,448
9,696
13,557
May
12,024
3,321
3,566
12,433
Total 11 months. 124,838
78,570
I
12,930!
8,815 21,532'
474 19,898
2.499 15,510
7,738 24,861
4,165 28,0*2
703
April
March
'
9,903
49,03m
Bonds Held by National
.
9,581
9,544
8,780
8,243
9,355
|
Ordi-
Pen-
Inter-
nary.
sions.
cst.
*
*
10,871
19,5351 7,175
3,276
14,385
524
12,042
11,078, 12.517
12,730,
2,177
13,323
1,907
9,33) 15,289
0,321
10,398
11,299
2,100}
10,941 1
10,593j
252.440s 135,5051 73.4701
Total.
Description of Bonds.
Public
§
8,689
1,599
2,922
0,895
1,403
3,577
29,403
28,909
20,583
10,461
25,658
18,484
23,335
865 25,485
2,832 19,551
6,765 20,230
8,095
874
10,830
190,120
3,405,561
1,055,965 12,680,01T
2,850,000
2,850,COO
13,804,433 13,804,433
232,0’ 0
2t0,000
58,000
26,0u0
3,342,000
2,934,000
855.700
42,785
3s, Act July 12, 1882....
Currency 6s
per cents
433
217
6,433
1,166 087
114.108
4s
44,576 *53,557
Bank
Total Held.
Circulation.
Id!
G 890.433
344,522
201,575
546,475
4,642.700
80,665
27.060,799
Total coinage
8,174,820
6,420,220
15 638.500
39.758.500
107,035,350
85,277,300
146,793,850
f\ - o
«r*~« txo « v»
901.000
« ft 13 .non
n'\
O
378
43,544,150 27,261,859
subscription at
10734 and accrued interest $1 500,000 5 per cent 50-year
gold bonds of the Cleveland & Mahoning Valley Railway
C mpiDy, which is leased to ihe New York Lake Erie & West¬
Railroad, forming their only direct connection with Cleve¬
land, Ohio. Regular quarterly dividends are now paid by the
Cleveland & Mahoning Valley Railway Company upon its
capital stock of $2,759,200 at the rate of 11% per cent per an¬
num, and the total dividends paid during the past sixteen.
—Messrs.
Winslow, Lsnier &
Co. offer by
ern
the Electric
the advertisement of
—Attention is called to
Company in to day's Chronicle. The gentle¬
comprising this organizition are well known citizens,
Bullion S tvmg
men
work the prospectus shows
and as to the practical nature of its
excellent testimonials from some of
West.
Further particulars may be
the lea iing mines
—
in the
obtained upon application,
office of the Company
at the
in this city.
& Co. and Cha<=e
st mortgage gold
—Messrs. L«e, Higginson
offer $2,000,000 5 per cent fi
York, at
ings are
& Higginson
bonds of the
Telephone & Telegraph Company of New
par and accrued interest.
The company’s net earn¬
$600,000 ptr annum, and it has very valuable real
estate.
the announcement
—Attention is called to
of investment
by Messrs. John H. Davis & Co., who have
heretofore been known as offering a number of good loans in
bonds for sale
the market.
United States
Sub-Treasury.—The following table shows,
receipts and payments at the Sub-Treasury in this city, a*
well as the balances in the same, for each day of the week
the
Bala'ires
Payments.
Receipts.
Coin.
1
Coin Cert's
$
1,700,090'133,600,354
|
$
Currency.
$
$
20,533,012
15,021,656
2
1,466,488
4
5
6
1,630,323.
1.226, • 06,
“
7
“
8
927,130}
1,109,074;
1,786,86(5'133.681.374 20,219,916 15,097,790
1,413,124! 133,7 07,021 19,860.8(56 15,244,795
15.330.S05
1, -21.380i 133.630,41 4 19.973,245
1,253,599,13S,640.034 19.596,776 15,371,194
1,580,980 133,669,863 18,983,085 15,483,151
7,702,8821
9,022,039;
Juno
“
“
Total
1,343,1621
Auction
Sales.—The following were
auction by Messrs.
Shores.
Shares.
Chemical National Brink 3,400
200 Pitts. & West. IV way Co.,
2(5
18
.1
pref. stock trust
20
Long Iflan 1 Bk. of B’klynl2212
Gallatin National Bank 223
Toly technic Institute of
$30
Brooklyn
Library$12
1 Right B’klyu City
12 Central Park N. A E.
RR. Co
1 Membership Brooklyn
Riv.
City
Hospital
81*3
15
58 Mechanics’ Nat. Bank of
New York
167 *a
13 Merchants’ Nat. Bank of
Now York
... 140*2
40 N.Y. Bowery Fire Ins. Co. 113
32 Na*. Butcuers’A Drov’rs’
Bank
172
30 Nat. City Bk. of B’klyn..356
Mechanics’ Bk. of
B’klyn.240**
180 Brooklyn City RR. Co
125*2
10 B’k yn Academy of Music
114*2
(with ticket)
Manufacturers’
Bank
.202
Fulton Nat Bk. of N. Y.
(ex.div. of 175 % paid)$23
4 Leather
v’at.
25
5
..
sold this week at
Adrian H. Muller & Son :
5
50
$197,500
4,092,000
$62,500
3,181,000
69 638,800
$13 >,000
116,609-
15,427.386 11,035,367
Total minor
22.408
Held June 1,1888, to Secure-
Deposits
in Banks.
140
10,830
37,865
“
Banks.—The following interest¬
77. S. Bonds
Total
15,867
56
3,786,500
$
ing 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
depositaries on June* 1. We gave the statement for May 1
in Chronicle of May 5. page 562,
and by referring to
that the changes made during the month can be seen.
4 per cents
1,465,260
5,289
500
.
.
*
9,843
*
35,137
28,717
|
14,756
10,948
••••••••
Total.
$
8,933
1,269
•$
••••
293, 52
99
25
37
12.933
20.157.433
Date.
••
45,100
33
10
37
1886-7.
1887-8.
0008 omitted.
260.100
372,654 ! 7,441,080
374.684 3,746,840
Metropolitan
1
1
Intcr'l Misc'ls i Total.
Iiev'ue Sourc'i1
Cus-
0008 Omitted.
Dimes
Value.
951,899|86,222,479
12, 1882.
Government Revenue and Expenditures.—Through the
•ourtesy of the oecietary ol the Treasury, we are
to place before our readers to-day the details of
receipts and disbursements for the
From previous returns we obtain the figures for previous
months, and in that manner complete the statement since
beginning of the fiscal year for 1887-88 and 1886-87.
*
26,010
9,620
Dollars
gold
j
of 18S8.
$
$
3,100.200
Quarter eagles
Total
Pieces.
155,010
95.480.356 94,168,993
Total...... 101799643 99, v 72,034 97,211,845
Five months
Value.
Pieces.
Quarter dollars
national bant
of 1888.
Denomination.
Half dollars
Amount on deposit to redeem
notes May l, 1888
Amount deposited during May—
Amouut reissued A b’nk notes retir’d
of the Mint, shows
during the month,
May.
Three dollars
National Bank. NoresAmount outstanding May
Mints.—The following state¬
United States
ment, kindly furnished us by the Director
the coinage at the Mmts of the United States
..
.
Fidelity A Casualty Co..
10
Fire his. Co
130
Peoples’ F.re Ins. Co
80
Corn Exchange Bank ...215
Importers’A TradTs’ Nat.
25 Rutgers
14
2
2
361
Bank
105
64
18
21
American Exch. Nat Bk,138:lj
Irving N it. Bank. 1 >3*2 to 154
United States Trust Co..575
Butchers’ A Drovers’ Nat.
Bank
50 Brush Electric
1724
...
Ill. Co. of
New York
50
25
24
25
5o
10
10
75
Western Naiional Bank.. 94
Corn Exchange Bank ...210
American Loan A Ir. Co. 98
219*2
3d Avenue KR Co
Niagara Fire Ins. Co
125
Commercial Nat. Bank .105
A me icau Nat. Bank of
Birmingham. Ala
70*2
10 National Park Bk. of N. Y.164
Bends.
$5,000 Syracuse A Northern
R’awy Co., 7s, 18‘U
1204
$13,000 Northwestern Tel.
105 to 1064
6s, per.
1896....-1194 & int
Co.. 7s, 190»
$1,000 Brooklyn City
water
loan,
730
THE CHRONICLE,
Actual rates have declined a
little, and the
have been reduced £ cent, to 4 87 and 4
89$.
in the Bank of England rate from 3 to
llxc -Bankers’ (Sa^ctte.
VIDENDSi
The following dividends have recently been announced:
if I
Per
Gent.
Name of Company.
P allroads.
Boston & Lowell
Boston & Providence* (quar.)
Central RR. & Banking Co. of Ga.
Chicago & Northwestern
do
do
pref. (quar.)
Cin. Ind. St. L. & Chic, (quar.)
Connecticut River (quar.)
New York & Harlem
3%
Books Closed,
(Day8 inclusive.)
2 June 10 to
2 Juue 10 to
June 2 2 June 6 to
June 27 June 12 to
June 27 June 12 to
June 15 June 2 to
2 June 16 to
July
2 June 16 to
iJuly
on dem’d June
2 to
June 30
July
June 16
July
4
3
1%
1*4
2
4
2
When
Payable.
Syracuse Bingh’n & N. Y. (quar.).
'Tyrone & Clearfield
‘2%
Hereafter quarterly, from January 1.
June 22
Juue 28
June 28
July
2
June
7
*
WALL. STREET, FRIDAY, June 8, 1888-5
The
Money
Market
and
Financial
P. M.
Situation.—The
past week has been marked by very important events, "and
although they have been taken quietly in the market, they
have a decided bearing upon the future.
First and foremost, was the renomination of Mr.
Cleveland
for President, and whatever
may be thought of him as a man
other candidate that had any chance of
nomination by the Democrats would have been
better, finan¬
cially speaking; certainly a Southern or Western silver maD,
or greenbacker, would have been
infinitely worse.
In the next place, the
quick negotiation of the Reading 4 per
cent loan at 87£ puts the
finishing touch on the reorganization
scheme of that company, and
finally removes it from the class
of insolvent corporations—it is to be
hoped forever. Our first
or
a
politician,
no
statement of the terms of the
Reading loan
seems to have been
quite correct, when all others wTere erroneous, namely, that the
syndicate took the $24,686,000 of new fours and nearly $12,000,000 of first preferred income fives, and agreed to furnish
enough money to pay off the old general mortgage bonds with
United States Bonds.— The transactions in Government
bonds have been on a more liberal scale than
recently, though
still not specially active.
Two lots of currency 6s of 1896
were sold at 122.
Prices have remained
the
4$s
generally firm, though
small fraction below last week’s closing price.
The purchases by the Secretary of the
Treasury have again
been very limited and of no importance,
though larger than
the previous week.
The amounts offered and purchased this
week, and the prices paid, were as follows :
are a
4*4 Per Cents due 1891.
bringing into income the
receipts from premium on bonds sold, amounting to $844,000.
The April statement of
Chicago Burlington & Quincy is
very poor, showing a decrease in net earnings of $755,451,
compared with April, 1887.
The Chicago Burlington &
Northern shows a deficit of $2,780 under its
operating
4 Per Cents due 1907.
Offerings. Purch'es.[ Prices paid.
Saturday
Monday
Tuesday....
Wedn’sday.
Thursday...
Friday
1250,000
18,000
...
Total.
.
..
SinceApr.23
The
101,000
$
0 '■ rings. Purch'es
$180,000
1,000
50.000
1,524,550
173,000
$50,000
137.000
10.000
$2,065,550
$84,000
13,343,200
....
........
1J.07,000|
....
35.0001
249.500
$3,160,5C0|
1
35.000
40,500
$75,500
7,598,250
106%
107
106%-107
1G6%-108
Prices paid.
127
24,000
127
*
.
closing prices at the N. Y. Board have been
,
.
127
127
124-70-127
as
follows:
‘
Interest June
Periods
rated at
rated it has
been hinted that the company will
get the benefit of it.
Another feature of the week has been the annual
meetings
in Chicago of the Rock Island and Northwestern
companies.
The annual reports submitted
naturally show some decrease in
net income; the Northwest
surplus for the year over all
charges and dividends amounts to some $1,800,000, while the
Rock Island report shows a deficit of about
$258,000; but this
deficit is turned into a surplus by
posted figures
The reduction
2$ per cent had no per¬
ceptible effect on the exchange market, beyond
little the tendency toward weakness in short bills. increasing a
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 86$@4 86$;
demand, 4 88$@4 88f!
Cables, 4 88$(g)4 89.
Commercial bills were 4 85$@4
85f.
Continental bills were: Francs, 5 19£ and 5
17$; reienmarks
95$(&95£ and 95$; guilders, 4C$@40£ and 40$<g)40£.
The following were the rates of domestic
exchange on
New York at the under-mentioned cities
to-day: Savannah,
buying $ discount; sellingpar@$premium; Charleston, buying
l premium; selling $ premium;New Orleans, commercial, 75c.
premium; bank, $1 premium; St. Louis, 75 @ 90c. premium;
Chicago, 40@50c. premium.
overdue interest to July 1, and return to the
Reading Com¬
pany at least $1,000,000.
As the fours have been sold at 87$,
it is easy to calculate what the first income fives
are
by the syndicate, though if they sell higher than
[Vol, XLVI.
2.
4%s,1891... ....reg. Q.-Mar. *197
4%s, 1891
4s, 1907
4s, 1907
6s, cur’cy,’95
6s, cur’cy,’96
6s, cur’cy,’97
6s, cur’cy,’98
6s, cur’cy,’99
*
This is the
June
4.
*107
June
5.
*107
June
June
June
6.
7.
8.
*107
107
*107
1O710 *107
126% *12612
1275s *12712 *12712 *12713
107
coup. Q.-Mar. *107
*107
*107
reg. Q.-Jan. *12658 *126-50 126i^ *12612
coup.
Q.-Jan. *12758 1275s
reg. J.
reg. J.
reg. J.
reg. J.
reg. J.
&
&
&
&
&
J.
J.
J.
J.
J.
*118% *11812 *119
*121^ *12112 122
*124
*127
[*129
*124
*127
*129
*12 4
'127
*119
122
*124 '
*127
*119
"119
*122
*124
*127
*121%
*12912 *12912 *129^ *129%
price bid at the morning board;
no sale was
made.
State and Railroad Bonds.— State bonds have been
what
There
*124
*127
some¬
neglected, and the market is entirely without feature.
has been no special activity in any class,
though Ten¬
settlement 3s have had a fair business.
Railroad bonds have not been active, and the market has
nessee
been somewhat unsettled in
spots, though generally the tone
being a decrease of $22,702 in net earnings, com¬ remains firm. A few classes have shown some weakness, but
pared with last year. So bad have been the C. B. & Q. state¬ no important decline—for instance, Missouri Kanses & Texas
ments this year, and so notorious the
persistent cutting of 5s and 6s, &c.; but the majority of bonds are wrell held, and
rates by the C. B. & N.,
demoralizing railroad business in the not a few have shown an advancing tendency. The changes,
Northwest, that the charge is made in the Tribune money arti¬ however, either up or down, have been
insignificant this week.
cle that the managers of these
companies are in alliance with The new Reading 4s were offered for sale by the Drexel syndi¬
the bears of Wall Street.
cate on Wednesday at 87$, and the whole amount was
quickly
The open market rates for call loans
during the week on taken and the books closed in two hours, the subscriptions in
stock and bond collaterals have
ranged from 1 to 2 per cent, London and this country amounting to many times the total issue.
•and to-day the rates were 1@1$
per cent.
Prime commercial ^Railroad and Miscellaneous Stocks —The dulness of the
paper is quoted at 4@5 per cent.
stock market has continued unbroken
during the past week,
The Bank of England weekly statement on
and there has even been less activity in the
Thursday
showed
specialties than
a gain
in specie of £554,000, and the percentage of reserve
during the week previous. No important events have transto liabilities was 41 21,
against 30’83 last week; the discount spired to lift the market from its
quiet tone, and the fluctu¬
rate was reduced from 3 to 2$
per cent.
The Bank of France ations continue to be governed more
by
speculative rumors and
lost 4,100,000 francs in gold and
gained 1,850,000 in silver.
the operations of room traders than
by any really significant
The New York
Clearing House banks in their statement of influences. Prices, however, as a rule, have been well main¬
June 2 showed a decrease in
surplus reserve of $2,578,875, tained, and notwithstanding some special declines and
tempo¬
the total surplus being
$25,715,625, against $28,294,500 the rary unsettlement of the general market, the week shows
no
previous week.
important losses, and in many cases a slight gain.
The following table shows the
changes from the previous
In the early dealings the general tone was rather
unsettled,
week and a comparison with the two
preceding years in the led by a sharp break in St. Paul stocks, on rumors of an
averages of the New York Clearing House banks:
issue of preferred stock and reported sales
by insiders. The
preferred suffered the most, declining from 107 to 103£. These
1888.
Diffr’ntfs fr*m
1887.
1886.
stocks subsequently recovered
June 2.
partially on a denial of the
Prev. Week.
June 4.
June 5.
rumors.
Burlington & Quincy has also shown some weakness,
$
$
$
$
though Northwest has been well held, and the declaration of
60.762,700
Capital
the usual dividends had a
e0.381.ft00
Surplus
reassuring effect. Union Pacific has
Loans and dlsc’ts. 36’-* .528,200 Dec.
318,400 365.231,700 342,824.000 been a feature, advancing two points early in the week on a
86,4<o,300 Dec.4,095,600 72,499,900 67,439
Specie
000
good report of earnings. It has since been irregular, though
Circulation
7,519.300 Dec. 212,800
8.260,700
7.82^,200 the advance has been
Net deposits
391.227.11*0 Dec.2,726,500 371,307.100
fairly well maintained. Reading, after
364.383,700
Legal tenders
37,092,100 Ine.
835,100 24.654,600 35,724 900 a small advance, gave way on the announcement of the
price at
97,^06.775 Dec. 681,625 92.826,775
Legal reserve
91,095,925 which the new 4s were sold by the syndicate—87$—which was
Reserve held
123,52^,400 Dec.3,260,500 97,154,500 103.163.900
somewhat lower than anticipated, but afterward the stock was
firmer.
New England has been strong at times on bull
Surplus reserve... 25,715,625 Deo.2,578,875
4,327,725 12,067,975
points,
but no important developments.
Missouri Pacific has been
Exchange.—Sterling exchange has been only moderately among the more active stocks, though
the fluctuations have
active and somewhat unsettled
by the Reading bond nego¬ been very slight. Louisville & Nashville advanced a little on
tiations abroad, the free
offerings of bills on that account Thursday, but closed to-day at 53$, and ruled
very dull with
having caused some weakness, especially in short sterling. all
the rest of the market.
expenses,
EXCHANGE FOR WEEK ENDING JUNE 8, AND SINCE JAN. 1, 1888.
Sl'OCKS—PRICES AT N.Y. STOCK
8TOCKS.
Active It It. Stock*.
Atlantic & Pacitio
Canadian Pacitic
Tuesday.
Wednesday,
June 4.
June 5.
June 6.
8%
*8
2d pref..
Burlington & Quincy.
Chicago Milwaukee & St. Paul.
Chicago & Northwestern—..
84
31
2
*3
11212 113%
66
66%
108
108%
108% 108%
144
143
Chioago Rock Island & Pacitic.
Chicago St. Louis & Pittsburg.
Do
prer.
Chicago St Paul Min. &Om...
Cleveland Col. Cin. & Indianap.
Columbus Hocking Val. &Tol.
*45
*19
128
pref.
& West
Denver&Rio G., assessm’tpd.
Delaware Lackawanna
pref.
Do
East Tennessee Ya. & Ga. R’y.
1st pref.
Do
Do
2d pref..
Lake Shore & Mich. Southern.
Louisville & Nashville
Louis. New Alb. & Chicago...
Minneapolis & St. Louis...
Do
pref...
New York Chic. & St. Louis...
1st pref.
2d pref..
Rome Watertown &Ogdeusb’g
Bt. Louis & San Francisco
Do
Do
Bt. Paul & Duluth
Do
Do
pref
Pullman Palace Car Co
Western Union Telegraph....
Express Stocks.
.*■
Inactive Stocks.
American Tel. & Cable Co
Atchison Top. & Santa Fe
>
Chicago & Alton
_
Pittsburg
Mexican Central
Morris & Essex
N. Y. New Haven & Hart
Ohio Southern
Oregon Short Line
Pitts. Ft. Wayne &Chio
*9%
93%
93%
52%
53%
53%
36%
53%
36%
43%
91%
93%
53%
90%
93%
52 34
90%
90%
78
59
90
8
86
*5
78
*55
*84
*5
*11
15
”1 ‘2
12%
70%
10
75%
105
*14
105
65
*28
65
14%
29%
24%
55
36%
*30
90
78%
*50
*85
12
12%
69%
70 ~8
10
*8
*74
105
*14
*64
*28
75%
105
14%
66
29
24%
54%
24%
54%
36%
36%
16
8%
29%
*15%
*8%
12%
70
*7
76
105
*14
*64
*28
24%
*54%
36%
*15%
*8%
*15%
*8%
16
*29
*17
30
18%
16%
16%
46
46
46 %
46%
*22
23
22%
50%
50%
23%
51%
20
23
20
20
20%
23%
24
23%
8%
59%
18%
60%
22%
23
*29
-17%
59%
22%
*63
66%
*65
*28
90
29
90
*28
*65
113
53
66%
54
102
102
20
54%
13%
23%
52%
18%
60%
23%
66%
94
147
9(
138
142
140
66
115
53
138
92
72
72
138
*89%
*2%
*438
15-%
*14%
90%
3%
5%
14%
136
*40
*89%
*2%
*4%
H4%
225
*221
13
*10
10
40%
*11%
36
40%
12%
154
*9
*35
40%
...
*19
*9
New Central Coal
Tennessee Coal & Iron
_J
*25%
Various Stocks, «kc. (Unl isted.)
Amer. Cotton Oil Trust
3 2%
Pipe Line Certificates {
I 77 %
...
_
the prices
20
12
27
32%
79%'
*50
*87
*4
*11
12
60
90
5%
15
12%
70%
6934
10
*7
76
*’*)%
66
29%
24%
56%
37%
36%
15%
*8%
16
8%
87
27
119
119
22%
88
14%
42 34
9. >34
93%
53%
72%
138
2%
4%
4%
14%
221
13
32%
77%
32%
2,4H0
699
125
3<)0
39
23
12
*89
*28
65%
*
L14
*50
100
14%
43 %
91%
9334
54%
13
71%
*85
27
*8 34
*10%
14%
42%
90%
93
53%
*34
*89
60
*50
87%
5%
*87
60
91
7
12
12
70%
10
76%
105
14%
66
28
24%
*50
87%
*434
*11
12
70%
*7
10
27%
9%
12
35
14%
43
90%
93
54
37
91
60
90
*434
11
11
70
*7
11
14
37%
29
18
46
*16
*8%
28%
46%
23%
51%
76%
24%
6534
115
53
100
13
23%
51%
154
10
*9
36
*35
40%
41
*40
19%
19%
i
803s'
*9
12
26%
26%
32%
3338
77%
►
0
Apr.
Feb.
Apr.
Apr.
Mar. 26
Mar. 26
338 June
1
June
350
29
18
29
29
18
46%
23%
18
725
207
23%
51%
51%
66
*89
21
19
60%
23
66
90
23%
18%
59%
22%
66
90
*•.>£
65%
115
66%
115
......
*12
23
52%
72%
*221
*10
65%
*114
*50
*99
13
*12%
*22%
142
110%
72
138
65%
115
53
100
101% 101%
19% 19%
54% 54%
23
52%
90
29
50%
*72
109
13
23
51%
72%
109
54% 57
94%
33%
151
76%
*138
110
71%
135
94%
33%
151
76%
142
110
71%
137%
154
10
37
45
8
137
40%
89%
*2
*4%
159
*14%
2-4
13
143
*221
*10
40%
89%
3
5
159
3,122
26,987
*9
*35
41
42
*6
8
l‘i”
27%
27%
29
33
33%
81
33%
31%
80%
77%
t Prices from
55
400
143
224
13
*39%
11%
*6
*9"
*28
34%
77%
12
8
12
29
2,319 103
45
2,165
Jan.
2,850
620 90
May
5,930 135% Apr.
18,885 7038 Apr.
10 137
167 106%
135 67
27 128
100
150
100
700
400
315
45
67
186
900
296
Too
3.850
36,353
79%
1/OOIOOO
Jan. 24
738 Feb. 7
130% Jan. 27
24
78
117
Feb
145%
114%
14%
38%
1
Feb.
Jan. 27
Jan. 10
6
Jan.
Apr. 30
Apr. 27
1123s Apr. 30
42
310%
May
1
9% Apr. 30
18% Apr. 30
5
1838 Jan.
3
89% Jan.
80
31
2
31
9
22
22
10
28
2
24
31
3
31
27
2
2
2
2
6
13
183s
9%
33%
19%
49%
26%
54%
9
Apr. 26
Jan. 30
Apr. 30
May 1
May 4
May 7
J an. 31
7
Jan. 11
23
67% Feb. 18
26% May 3
69% Feb. 23
92
Apr. 27
26% May
Jan.
5
Jan. 30
Jan. 16
3
Jan.
Jan. 28
Jan. 23
May 10
Jan. 3
3
May 1
Apr. 30
Jan.
38% Feb. 17
78
-
7% Apr. 26
Mar. 22
Mar. 16
24% Apr.
Jan.
25
Apr. 12 145
—110%
Mar. 22
Jan.
4 75%
Jan. 19 139%
Jan. 12
J une 6
Jan.
9
Mar. 19
Mar. 2
June
June
Jan.
Mar.
Jan.
135
Jan.
215
Mar. 22
10
13% Mar. 26
Jan.
5
151
Mar. 19
9
Mar. 31
33
Mar. 27
35
11
Apr. 3
17
10
9
Jan. 18
Jan. 30
June 8
2 97
May 2
2 38% May
1
19 106% Feb. 15
June
7
3 151%
2 793s Feb. 24
85%
135
40
89%
2
4%
153
13%
,
Jan.
17% Jan. 27
73
Jan. 27
37
Jan. 30
9
29% Jan.
65% Jan. 10
46
Apr. 30
3 112
Jan.
Mar. 29 57
84% Apr.
28% Apr.
495
34%
both Exchanges.
10
2 108% Apr. 30
30% Apr. 2
68% Mar. 29
400
328
10
36
41%
33% Jan. 10
4
5% Feb.
82% Feb.
24
Mar. 27 36%
Apr.
2 73%
1,221 63
100 105% Apr.
3 116
Mar. 29 62%
200 43
400 89
Mar. 29 105
645 94
Apr.
2 114%
3,754 18% June 6 22%
75,495 48 Apr. 2 58%
Mar. 27 16
440 12
400
21
Mar. 24 30
570 4438 Jan.
3 57%
186
14%
*153% 155
26%
bid and asked; no sale was made at the Board.
14% Mar.
7% Mar.
26
Apr.
15% Mar.
41% Mar.
19% Apr.
42% Mar.
17% Mar.
17% Apr.
15% Apr.
51% Apr.
19
Apr.
3,005
500
*153%
”*9*' ‘ 12“ "*9"
78%
12% Mar.
Apr.
Mar.
223q Mar.
53
Mar.
29% Mar.
63
28
2
227, 70
72%
84% May 21
6% Mar. 29 113 % J an. 27
23% 10,420
875
18%
60% 152,575
22%
7,375
66
Apr. 19
71
15,110
34,715
4(>%
23%
51%
Mar. 23
69% May 29
5
10
100
15%
8%
47
3% Mar. 28
Apr.
1,214 102% Apr.
37%
10% Jan. 10
62% Jan. 3
56% Jan.
9
53% Feb. 16
Mar. 21
17
25% Jan. 9
133% Jan. 30
123% Apr.
23
Jan.
6
15% Apr.
44
Mar. 24 i 55
J an* 28
8% Mar. 22 10% Jan. 12
Feb. 23
Mar. 22 65
55
17% Apr.
2 '24% May 14
84
Mar. 22 ,88% Jan. 10
3
26% June 2 '4630 Jan.
7% Mar. 20 11% Apr. 30
114
Mar. 5 123
May 1
Jan. 20
9% Mar. 28 14
27% Jan. 16 37% May 1
Jan. 30
12% Mar. 22 16
40% Apr. 2 47% Apr. 30
95% Jan.
9
85% Apr.
93% June 7
87% Apr.
64% Jan.
9
50% Apr.
39
Jan. 10
30
Apr.
98
83% Apr.
Apr. 27
9
72
8738 Jan.
Apr.
Jan. 10
Mar. 27 80
50
5
83
Mar. 27 104% Jan.
11
11
500
36%
15%
*8%
90%
2%
4%
4%
15m%158% *158
*14
14%
12
100
100
100
37%
15%
8%
*89%
2%
221%224
200
708
200
500
142
111
72
71%
648
18,800
500
50
19
66%
91
29
27,030
10
66
29
*15%
100
1,100
3,350
2,683
14
24%
‘*510
28,894
*64
*28
24%
1,500
11%
*64
*28%
24%
55%
200
400
550
70%
*75%
66
29
100
1,170
87
76% 76%
105% 105%
*14
14%
37%
15%
8%
2334
51%
12
70 34
23
*118% 119%
35
85% 85%
*135
*135
137
*40
41
*10
17
45%
10%
62%
90%
*138
*109
72
135% 135% *135
*138
*109
72
17
44%
*9%
62%
22%
35
102
101% 101% HOI
19% 19%
18% 19
54% 55%
53% 54%
*22%
51%
221
100
*151
*9
*35
.
7%
55%
45%
73%
26%
6,205 111
14,700
89%
22%
|
800
19%
38
22%
142
110
73
138
31
Highest
Lowest
128% 12^%
89%
22%
23
52
8%
56%
48%
83%
112% 112%
*32
14%
42%
90%
93%
53%
18%
59%
2
*10
10%
37 I
40%
26%
*10%
10
61%
*33% 34%
31% 33%
72% 72%
*71% 72%
108% 108% 107% 108% 103% 109%
54
54%
53% 53%
53% 53%
93
93% *93% 94%
93% 93%
34
34
34%
32% 33%' 33
*90% 93
150
149
151
151% 151% 151%
75% 76%
75% 75%
75% 75%
221
154
c25%
9%
18%
60%
13
48%
*82%
*30%
19%
18
48
35
23%
12
22
61
*22
*85
27
23 %
*6
*9
112%
62
23%
24
51%
20%
24%
18%
61%
90
29
66
115
*8
*56
Week,
Shares.
1% Mar. 26
*17
*47
45%
23%
50%
18%
23%
*17%
59%
23%
14%' *14
225
13
30
128% 128%
46%
*89%
3%
5%
*3
112
29
*16
12%
*51
56%
48%
83%
-
*1%
*4%
29
18
23%
135
*40
136
105
*14
*64
28
24
105%
1434
102% 102%
19
19%
54% 55%
71%
-
—
138
41
8934
*65
*138
110
*71
*132
140
132
18
59%
22%
*32
......
147% 149
75% 75%
75%
■'132
50%
90
*28
*65
115
90
29
100% 101
101% 102
19% 19%
54% 55%
12% 12%
23 % 23%
*51% 52%
*91
147
75
29
*16
46
24
56%
4-%
83%
78%
5%
*11
42%
40
90
...
Hocking Coal
*32
42%
90%
93%
52%
40
91
79
60
91
8
|
17%
47%
10
27
27% 27%
27%
26% 27%
"8 %
*8%
9%
9%
*8% 10
*118
119
118%
118% 118% *118
*10
12%
*10% 12
*10% 12
9 L%
93%
*9
*35
South Carolina
22%
42%
.r *153% 160
.
*59
*85
23%
Bt Louis Alt. & Terre Haute
Bt. Louis Ark. & Texas
10
6L
23
90%
*10%
_
61
*22
91
*221
Quicksilver Alining Co
Do.
pref.
are
10
61
23
*59
*22
47%
*9%
423s
*40
Do
pref
Cincinnati Wash. & Baltimore.
Do
pref.
These
*47
June 8.
30
31
i.27% i:i8%
42%
90%
*91%
*135
East. Illinois
&
48%
109% 109% 109% 110
72
72
1% 72
United States
Wells, Fargo & Co
Columbus
18
*47%
*9%
Friday,
Juue 7.
*19
19
128%
*17
*17
33% 33%
33%
72
72
72%
108% 108% 108% 108%
*53
54
53% 53%
94
*93
*93% 94%
32% 32%
Pacitic Mail
&
19
72
Philadelphia Co., Nat Gas
Cleveland
20
128% 128% 128
*32%
Consolidated Gas Co
Delaware & Hudson Canal....
Oregon Improvement Co
Oregon Railway & Nav. Co...
Chioago &
46%
14%
*23
*51
pref
46%
15
53%
*12%
Miscellaneous Stock*.
Colorado Coal & Iron
47
35
54
HOI
*101
20
Wheeling & Lake Erie, pref..
Adams
American
119
12
pref. *113% 114%
Bt Paul Minneap. & Manitoba.
Texas & Pacitic
Union Pacitic
Wabash St. L. & Pacitic
*45
20
15
66%
pref.
1st
36
48%
Thursday,
64% 65% 138,586 64% Juue
64% 65%
105% 106
6,995 103% June
105% 106
109% 18,520 102% Apr.
109% 109% 109
143
143
121 138
144
144
Apr.
108
107% 108
2,384 103% Apr.
106% 106% 107
*11
12
11% Apr.
*11
12
34
300
32
29% Mar. 31
*30
32% *31
36
36
35
35% 35%
1,066 32% Apr.
35%
102% Apr.
48
300 42% Apr.
*45
46% 46% *45
46%
*32
*17%
pref.
35%
*11
*30
12
33
36
12
32%
35%
8%
56%
of the
64% 64%
104% 105
108% 109%
144
144%
15
43
22%
Philadelphia & Reading
113%
112% 113%
66
66%
64% 66%
106% 107% 103% 107
108% 109% 108% 109%
144% 144% *143% 144%
107
106% 107% 107
35
*19
Richmond & West P’tTerminal
3%
*3
113
*11
*30
!
*1%
*4%
*3
112
112%
*32
49%
Peoria Decatur & Evansville.
*30%
*14
35%
Oregon & Trans-Continental..
48%
83%
31%
15
*54
Do
pref.
New York & New England....
New York Ontario & West....
New York Susq. & Western...
Do
pref.
Norfolk & Western
Do
pref
Northern Pacitic
I
Do
pref
Ohio & Mississippi
48%
83%
*30%
*1%
3%
32%
23%
New York Lake Erie & West’n
83%
30%
56%
48%
58
*14
*8
*74
New York Central & Hudson.
26%
10
69%
Nashv.Chattauooga & St.Louis
49
*8
8%
*8
*57
87
1238
Missouri Kansas & Texas.
Missouri Pacitio
Mobile & Ohio
9%
61
23
j "78
! _*?5
MIL Lake Shore & West
Do
pref...
Do
*47%
*93s
*30
*89
consol..
Michigan Central
Do
Do
128%
*10%
32%
Long Island
35%
47
20
*9
119
pref
Manhattan Elevated,
35%
26%
-
Do
12
33
*59
*22
*85
Evansville & Terre Haute
Fort Worth & Denver City....
Green Bay Winona & St. Paul.
Illinois Central
Ind. Bloom. & West
Kingston & Pembroke
Lake Erie & Western
30%
*9 3U
106%107
Do
83
*4
*11
*30
8%
*8%
57%! *59
48%
48%
*1%
*4
2
- -
1st pref.
Do
Do
Monday,
June 2.
5738
48 >4
*82%
*30*2
Canada Southern
Central of New Jersey
Central Pacitic
Chesapeake & Ohio
Saturday,
Range Since Jan. 1,1888.
Sales
LOWEST PRICES.
HIGHEST AND
Chicago
731
THE CHRONICLE
9,1888. J
June
2
75
99%
140%
433s
94%
4%
6%
159%
16%
143
224
13
Jan. 23
Apr. 26
Apr. 24
May
7
Feb. 10
Feb. 20
Feb. 10
Jan. 30
Jan. 26
9
Jan.
Feb. 24
Apr. 25
Apr. 23
8
June 6
June
Apr. 20
25% May 4
155
May 14
13% Jan. 12
38% Jan. 10
42
June
7
16% Jan. 16
9% Jan. 27
Jan.
9
14% Jan. 24
32% Jan. 30
30
Mar. 21 34% June
25
74% Atv
“ TOO
Mar
S
g
THE
732
BONDS—LATEST PRICES OP ACTIVE BONDS AT N.
June 1 June 8
Atl. & Pac.—W. D. Inc., 6s,
Gaar., 4b, 1937
Can. South.—1st guar., 5b,
20
1910
1908
2d, 5s, 1913
-----Central of N. J.—1st, 7b, 1890.
Consol. 7b, 1899
Convert. 7b, 1902
Convert, deb. 6b, 1908
General mort., 5b, 1987.....
Len. & W.B.,cou.7b, 1909,as’n
Am. Dock & Imi».f 5s, 1921. ..
108
92
107
120
1898..
Br. 6b. 1900.
Central Pacific—gold 6b.
Ban Joaquin
Land grant 6b. 1890......
Mort. 6b, 1936
Ches. & O.—Pur. m. fund 6b,
’98
B.1908, coup, ofl
4b, 1986
6ft, currency, 1918
Exten. coup.,
-----
1911...
Chlc.Bur. & Nor.-lat, 5s,
Chic. Burl. & Q.—Con. 7b,
Debenture 5b, 1913
83*2
b. 108%
1926.
1903.
105
lftt, Bo. Min. Div.—6b,1910...
let, Chi. <fc Pac.W.Dlv—5b, ’21
'Wia.&Min. Div.-5s, 1921...
Terminal 5b, 1914
Chic. & N. W.—Consol.
7s, 1915
Gold, 7b, 1902...
Sinking fund 6b, 1929
Binking fund 5b, 1929
—
27*2 Jan.
Jan.
Mar.
84
b. lo2
98
106*4
h. 105
lo2
113
120
66“’
3 04
A >r.
1« 6*4 Juno
114% Feb
1077a May
116*2 Juue
115% Feb.
103% Jan.
*16*’b.
62
D‘4 *>g
106
94
b.
b. 107
a. 104
Apr.
,
91
113
b. 96
i*l5**b.
99
b. 117
b.
126Vb. 125*2b.
lll*2b.
11 2
105*8
101%
100
104 *2a. 100
i4i
n. 139*2
141
12812a. 128 b. 128
119 b.
] 18*4
106
108 b.
109 b. 108**jb 107
104
105 b,
6 b.
91*2
Jan.
Jan.
It 1
119
128
114
105*2
104
Apr.
Ch.8t.P..M.& O.—Consol.6b.’30
Ch.Bt.L.A Pitta.—lBt.con.58,’32 97 b,
C. C. C. A Ind.—Consol. 7s, 1914
Gen. 68,1934
Col. Coal & Iron— 1st, 6b, 1900.. 105 b.
Col. H. Val. A Tol.—Con. 5s, ’31 68%b.
Gen.
gold, 6b, 1904—
Denver A Rio Gr.— 1st, 7b, 1900
1st con. 4b, 1936
Den. A R. Gr. W.- 1st, 6s, 1911.
b.
b.
67
119
7e%
71
63
7b
107
107 %
120
Exten. <fe col. 5s, 1934
b.
b
104
9/
13a 123
112 b. 107*2
105 b. 100
7« *8b.
63
67*2b. 63
119 b. 118*2
78
75
71 b. 71
63 b. 60
7 6*2
34 Va.
34
Assented
Den. Bo. Pk. A Pac.—lBt, 7b, ’05 TO^a.
34 a.
Det.Mac.A M.—Ld.gr.3*28,1911
102%
£.Ten.V. A G. Ry.—Con.,5s, ’56 1< 2 *9
Eliz. Lex. A B. Bandy —6b, 1902. 99 Va. 99
-
Erie- let. consol, gold, 7b, 1920 13412b. 135
Ill
118
H.Y.L.E.AW—2d con. 6s, 1969 93
83
Ft. W. A Denv. C. -1st, 6s, 1921
Gal.Har.A Ban.Ant.—1st, 6b,’10 1( G
100
2d M., 7b, 1905
West. Division—1st, 5s, 1931.
Long Dock, 7s, 1893
Con. 6b, 1935
110
b. 111 b. Ill
a. 1 Lo Vb. 115
i 3
94*2
83%
77%
b. 106 1). 101*2
b. 103 b. ; 98
| 90
a.
b. 112
102
105
’
Jan.
Mar.
Mar.
Kent. Centr.—Gold 4b, 1987
Knoxv. A O.—1 st, 6b, gold, 1925
L. Erie A W.—1st g., 5b. 1937
LakeBh.—Con. coup, ,1st, 7s, 1900
..
80
15
b.
104
b. 104 b. 98*2
68 a.
66 a.
61
72 b.
73
a. ! 69
98
a.
98
89*2
107%a. 101*2
107%
127 b. 128
I»25
15
122*2b. 122*2
123%
12c 12 b. 12o*2b. 119*2
1 Id
b. 'Ill
Lou. A Nash.—( onsol., 7s, 1898 1*17 Vb.
'116*2
K. O. A Mobile—lBt, 6b, 1930. 114 b. i*14*’b. j 108*8
98
b.
99*2b. ; 96*2
2d, 6b,1930
E. H. A N.—1st, 6s, 1919
113
b 114
b. ; 114
Ill
b. 10£ %
111%
General, 6b, 1930
Trust Ponds, 6b, 1922
108*2b 106%
109%
1( 4
10-40, 6b, 1924
i‘o*i““ i’oi”a. 99*2
50-year 5s, 1937
1)2 b. 107*4
Lon. N. A. A c b.- 1st, 6b, 1910. 114
92
51
87%
Consol., gold, 6s, 1916
Mem. A Cli’lston—6s, gold, 1924 100 b. 103*«b. 100
Metro. Elevated.—1st, 6s, 1908. 113
11^
b. lnS*8
It 4%b. 106
a. 102
2d, 6b, 1899
Mich. Central—1st, con., 7a, ’02 126
126 b. 126
J08 b.
Consol. 5s, 1902
107*2
i*0*9“” 107
MiseTi Pac.— 1st, cons., 6s,1920 108*2
117 a. 117 b. 115
2d, 7b, 1906
Pac. of Mo.—1st, 6s, 1888
1UV
10i.**8
100*2
2d mort.. 7s. 1 wui
104
107Vb.
Con. coup., 2d, 7s, 1903
Long Ialand—1st, 7s, 1898
1st, coijbo1.,5b, 1931
Horifi—The letter
“ b”
75
Mar.
Jan,
68*2 Jan.
81
Apr.
43
Jan.
May
M ay
103
104
137 *2
115
118
Mar.
Jan.
Apr.
May
Apr.
Feb.
Apr.
Jan.
Feb.
A) r.
Mar.
997s Jan.
8b*2 May
106*2 May
105*2 Jan.
Apr.
92*2 Jan.
38
Apr.
122*4 May.
977e fob.
Mar.
Apr.
Jan.
Apr.
Jan.
Mar.
Feb.
110
119
118
Apr.
114
Fib.
Jan.
108*2 Jan.
Mar.
Feb.
Income, 6b, 1921, tr. rec
Int. A Gt.Nor.-lBt, 6b,gold,’19
Coupon, 6b, 1909
May
May
121*4 Mar.
79*2 Jan.
73
Feb.
Jan.
M ar.
65
rec
Feb.
73% Jan.
May
May
May
East. Div.—os, 1921, tr. reo..
129
113
D 6
Jan.
65* *b. 70 a. 05
Gen. mort. 6b, 1921, ir. rec..
Ind.Bl. A W.—let,piet.,7e, 1900 11 2 Vb. 112 b. 110
79 u.
7y*2b. 80
let, 5-6b, 1909, tr. rec
2d, 5-6b, 1909, tr.
100*2 Jan.
Jan.
b. 132*2 Mar.
Gr’nB.W.ABt.P.—2oinc.8B,1911 *3vi^b. *32**V>: i 25
119
121*2
Gulf Col.A Bun.Fe—let,7s, 1909 12178
95
a. ; 9-1*2
94 %b.
Gold, 6b, 1923....
Henderson Br.Co.-lBt. 6b, 1931 1( 9 b. 110 a. 107*8
119
119 b. 111
H. A Tex. C.—1st M. L. 7b
117
b. 112
11712
let,West. D., 7b,1891
1st,Waco A N. 7b, 1903
2d, consol. M. L. 8s, 1912
133*2 Feb.
108
May
123*2 May
Mar.
95% Jan.
£6
Feb.
Jsn.
Jan. 14i
June 132*2 May
Feb.
Apr. 121
111
Feb.
Apr
M ay. Ill
Apr.
May. 106*2 Apr.
Mar.
57*2 May
b. 119*2 Jan
b. 97
May
119
Apr.
May
May
May
102*2 May
Jan.
Sinking fund debent. 5b, 1933
26-year debent. 5s, 1909.
Extension 4h, 1926
Chi. R. 1. & Pae.—6s, coup. 1917. 133%b, *1*3*2 *4b 130*2 Apr.
1105%
Jan.
117*4 Feb.
100*2 May
Apr.
Jan.
Jan.
jaD.
95
75
58
110
I28
Jan.
Jan.
Feb.
Apr.
May.
June
Jan. 126% May.
Apr.
May. 122
1*4
123
Jan.
May
Feb.
Apr.
Jail.
Jan.
114% Apr.
100
May
Feb.
115
Apr.
Jau. 115
May
Mar. 11034 M»y
104
Feb.
Feu.
Mar. 1023s Apr.
June
Apr. 115
Jan.
93
Apr.
Jan.
105
Mar.
117
May
May
107*2 Apr.
Jan.
Feb.
May. 130
May. 110*2 Jan.
Mar.
Jan.
113% Jan.
Feb.
103*2 Jan.
108
May
118
Jan.
Fab.
indicates price buf.and “ a’ prioe> ashed: all ocuo.
STATE
SECURITIES.
Alabama Class A 3 to 5
Class B, 5s
Class C, 4s
I
1906
1906
1906
Ask.
Bid.
103*2 106*4
1
1890
Missouri—6s
Asylum or
105
I
43
Mar.
Mar.
84*2 Jan.
128% Jan.
L03
May.
132%
10 4 *2
127*2
86*4
Apr.
May
Jan.
127
Mar.
Jan.
a.
Jan.
llOHab. 1077q Jan.
10238 Jan.
il2*%b.
93%
11334
1*1*8 *2 Y.
Jan.
91*2 June
118
June
131*4 June
1105s May
108
Jan.
Mar.
8978 May
a.
99% Jan.
b. 114*2 Jan.
116
Apr.
1*62" ” 99*2 Jan.
35
a.
133
May
114*2 May
9338 June
Mar.
Apr. 114
Mar.
83% Apr.
Mar.
112*2 Jan. 118
115*2 Jan. 119*2 June'
102
Jan. 106 34 May
109
90
109
75
29
7134b. | 72*sa.
10o% b. 101*8
70
Mar.
M ar.
40
105
2d mort., 7h, 1897
Cairo & Fulton—let, 7s, 1891 104
80
Gen. Ry. <fe laud gr., 5s, 1931.
St. L. & San Fr.- 6s„ Cl. A,1906
115
6b, Class B, 1906
6b, Class C, 1906
Gen’l mort., 6b, 1931
Gen’l mort., 5s, 1931
So. Pac., Mo.—1st, 6b, 1888...
St. Paul M. & M.—1st, 7b, 1900
Do
1933
reduced to 4 *28..
Montana Ext. 1st, 4b, 1937...
Shenandoah Val.—let, 7s, 1909.
Gen’l mort., 6s, 1921
So. Carolina—lat, 6s, 1620
2d,6s, 1931
Inc., 6b. 1931
So.
93
105
May
40
76
105
113
Apr.
41
Jan.
May
117*2 May
118*2 Mar
106*2 May
Jan.
Feb.
Jau.
35
Apr.
98
38
Jan.
Mar.
85
b.
75
b.
14*$ b.
69
13
44
925g
39%
1*
112
Jan.
Jan.
Jan.
Jan.
Jan.
jail.
87
Feb.
Jan.
Jan.
Jan.
June
M,ay
May
May
Juno
June
June
May
Apr.
Jan.
Feb.
May
18% Jan.
Apr.
Mar.
111% Apr. 116
107% b. 105% Jan.
108*2 Mar.
44
b. 41
51*2 Jan.
Apr.
93 3e June
92
933q
May
413s May
393s
38% Juue
0*2bJll0
85
110
85
b.
Jau.
Jan.
Jan.
Jan.
Jan.
Apr.
Apr.
Feu.
Feb.
May
Jau.
Feb.
Jan.
85
83
May
100
94
117*2
104*8
121*2
112*2
May
Feb.
Jute
Mar.
May
Jan.
112
May
116
Apr.
110% May
109
May
82
Feb.
Jan.
Apr.
47
98% Feb.
90
Jan.
Apr.
107% Ai>r.
.....
104
107*2 May
Jan.
Feb.
Apr.
Jau.
b. I10*2b. 105*2 Apr.
62
b.
Apr.
West Shore—Guar.. 4b
1035s
Wheel. & Luke E.—1st, 5s, 1926 99*24.
prioes
June
11458
r
2d, 7b, 1893
Apr.
403i
104*4
48*2
111*2
*
69
99%
85
Tol. A.A. & N. M.—1st,68,1924.
Tol.A.A. & Gr.Tr.—1st, 6s. 1921 106 b. loo*ab. 101
99 % b. 93
Tol. & Ohio Cent.—1st, 5s, 1935 99*4b.
91*2
Tol.8t.L.<fc Kan. C.—1st,6s, 1916 87 b.
116 Vb. i*l“ %b* 114
Union Pacific—1st, 6s, 1899
101
*2
b.
lOlVb.
Land grant, 7s, 1887-9
1100*2
120 34b. ;uo76b. 113*2
Sinking fund, 8s, 1893
!
Ill
b. Ill
b. U 9*2
Kan. Pacific—1st, 6s, 1895
b. 109
109
b. 1109%
1st, 6b, 1896
11234b. :il3*8b. 11234
Denver Div.—6b, 1899
109 a. 108 b. 101%
1st consol, 6b, 1919
I08
100
Oregon Sh. Line -1st, 6b, '22.. 108
807ea. 73
Virginia Mid.—Gen. m.,5s, 1936 80
37
Wab. St.L. & Pac. - Gen., 6b, ’20
93
Chicago Divison—5s, 1910
84
Wabash—Mortgage, 7 a, 1909..
107
Tol. & Wab.—1st, ext.. 7s, ’90 110*4b. Ill
Great West.—1st, 7b, 1888
105
b.
..
1st, St. L.Div.. 7s, 1889
2d, extended, 7s, 1893
Con., conv., 7er1907
114% May
110*4 Jan.
10l*2b. 1037e Apr. 105*2
80
81*2
92*2
Apr.
116
b. 113*4 Jau. 118
b. 1153s Jan. 1118*2
b. 116
115
b. 116 b. 114
Jan. !118
117
117*2
112*2 Jan. 117*2
103Vb. 104*8
1003q Jan. 104*2
Jan. lo25a
lOz^b. lO^ab. 100
117 a. 112
Jan.
114*2
i"i*8 *ii). 119 b. 116 Apr. 119
118
b. 113*2b. 114
Mar. 120
98*4
97%
98*4
96*4 Apr.
84*2
80
Mar.
8038
84%
90
Jau.
95
85 b.
*3*6 vY. 30
29
36%
Apr.
101
b. 10138b.
97
Jan. 16234
12
New 1st, g'-ld, 5b, 20 0
Ntw 2d, gold, inc., 5s, 20C0..
108
103
106*2 Mar.
b. 1u5*8 May
b. 105
Pac.,Cal.—1st, 6s, 1905-12..
So. Pac., N. M.—1st, 6b, 1911.
Tex. A Pac.—Inc. & Id gr, 7s, ’15
May
112*4 Feb.
*
109
110
91
Jan.
111
90
May
May
Feb.
88*2 Feb.
Jan.
103% June
94% Jan. 100*2 May
lb‘353"
997s Jau.
99
and Cue ruugj a.e from aocual sales.
BONDS.
Bid.
1892
RR
Special tax, Class 1
90
108*2 Jan.
105*2 Jan.
12134 Apr.
1173s jail.
Ill
Mar.
108*2 Feb.
110
Jan.
59
Feb.
73*4 Jan.
63*4 Jan.
106*2 Jan.
116
Jan.
105*2 Jan.
51
Feb.
93*2 Feb.
130*2 Mar.
106% Mar.
135*2 June
111
Feb.
.
due 1889 or 1890
Consolidated 4s
6b
35
59*2 June
50*2 Mar.
117Vb- 114
132
Feb.
507g May
39 b.
2d, income, 5s, 1925.
St. L. Alt.A T.H.—lat, 78, 1894. 114%b.
*1*08 “b*
2d, M., pref., 7b, 1894
2d., M.,inc.,7s, 1894
39 a.
*39 “b.
Dividend bda, 6b, 1894
987b
St. L. Ark. & Tex.—1st, 6s, 1936
37* i)' 37 b.
2d, 6b, 1936
St. L. & Ir. Mt.—let, 7b, 1892... 109 b. 109*2
6b, loan
1893
North Carolina—6a, old
J&J
Funding act
1900
New bonds, J. & J....1892-1898
Chatham
102““
102
Highest.
94*4 Jan.
May
Ore. R. ANav.Co.—let, 6s, 1909 112 a. lll*4b. 108% Feb.
May
101*4 1102
96% Jan. 104
May
Consol., 5a, 1925
!
93
Jan.
9934 Apr.
Oregon <fe Tranaoon.—6b, 1922.. 97 b. 97%
Jan. 112
June
Peo.Dec. & Evans.—1st, 6b. ’20. 111. b. 109 b. 106
102
Mar. 107
Evansv. Div—1st, 6b, 1920... 108 a,
May
75 % Apr.
68Vb. 7*6“ a*. 69
2d mort., 5s, 1927
May
54 b. 51
54
59% Jan.
Rich & All.—1st, 7b, 1920, tr. rec
Apr.
Jau. 115*2 May
Richm. <fe Dan.—Cons., 6b. 1915 115 Va'. 115 b. 109
116
Mar. 118
Feb.
Roch. & Pitts.—1st, 6b, 1921... 118 b.
113%b. 115 * b. 113
Jan.
117% May
Consol., 6a, 1922
107
Jan. 11034 May
RomeW. & Ogd.—1st, 7s, 1891. 107*4b.
I05%b. i06*4b. 160r>8 Apr. 106*4 June
Consol., extend., 5s, 1922
Jan. 103% May
lo2%
102*4b. 9s
St Jo. AGd.Isl.—1st, 6b, 1925
Oregon Iinpr. Co.—lBt, 6s, 1910
University, due 1892
1894-1895
New York—6b, loan
1L
..
2d,inc., 6b, 1921
Omaha & St. L.—1st, 4b, 1937..
SECURITIES.
Funding
6b, 10-20
1900
Arkani-as—6s, funded.. 1899-1900
7s, Little Rock <fe Fort Smith, iss.
7s, Memphis & Little Rock, iss..
7b, Arkansas Cential RR
Georgia—7b, gold
1890 104*2
Louisiana—7b, cons
1914 10b I
90V
Stamped, 4a
ftflchlgan—7b
2
2d, consol., 7b, 1911
1st cons., 6b,
Jan.
*9*1*4”
105
N. Pac.Ter.Co.—1st, 6s, 1933... ! 05
Ohio <fe Miss.—Consol., 7e, 1898. 118 Va. 117
Ohio Southern—1st, 6s, 1921.
105*2 Jan.
b. IO434 Jan.
North.Pacific—1st,coup.,6s, ’21 119 b. 118 34
106%
lOG^s
Gen’l, 2d, coup., 1933
90
Gen’l 3d, coup. 6s. 1937...^... *8y7B
2d, 68,1909
May. 111*2 Jan.
77
Jan.
Apr.
Jan.
105
since Jan. 1.
b. 118*4 May
113*2 Mar
1*08 "b*.
bO*g
NT. Y. Chic. &St. L.—let, 4a, 1937..
N.Y. Elevated—1st. 7s, 1906— 1L7 b.
N. Y. Lack* & W.—1st, 6b, 1921. 131 Vb.
llOVb.
Construction, 5s, 1923
lo7V
N. Y. & Nor.—1st, 5s, 1927
N. Y. Ont. & W.—1st. 6s. 1914.. 112Vb.
92
N.Y.Sub.&W.—1st ref., 5s, 1937.
Midland of N. J.—lBt, 6s. 1910 113*4
N. O. Pacific—1st, 6b, 1920
Norfolk & West. - Gen., 6b, 1931 118 "b.
May
Feb.
13 v *2 Jan.
89*2 Jan.
71*2 Jau.
88
Feb.
21
May.
Mar.
118
..
June
Feb.
69
May
Lowest.
9038b.
1927
Imp. & Equip.—6s, 1922
6*i3s“ 60%
Mo. K.&Tex.—Con., 6b, 1920...
52 b.
55
Consol., 5b, 1920....
96
96
Consol., 7s, 1904-5-6
112 b.
Mobile & Ohio—New, 6a, 1927
1st, Extension, 6b, 1927
47 b.
47*2b.
Istpref. debentures, 7b
92
b.
93
Mutual Un. Tele.—S. f., 6b, 1911
Nash. Ch. & St. L.—1st, 7s, 1913 130 b. 130 b.
N.Y. Central—Extend., 5s, 1893 104 Vb. 105 b.
135*4
N.Y.C.&H.-lst, cp., 7b, 1903 135
110*4b. 110
Debenture, 5s, 1904
1^8 b.
N.Y.&Har.—1st, 7s, 1900
133*2 June
107*2 Feb.
Mar.
Jan.
Range
June 1 June 8
Minn. <fe 8t. L.—1st, 7s,
10234 May
108*2 Jan.
103
Closing.
Mil. Lk.Sh. & W.—lBt, 08,1921.
Ashland Div.—1st, 6a, 1925. .
Milw. a Nor.—M. L., 6s. 1910.. 108
105
Extension, 1st, 6b, 1913
Feb.
28
May
114*2
123*2
110*2
101*2
117
Mar.
114*4 Feb.
705g Feb.
70*2 Feb.
lb5** Apr.
103*2b. 90*2 Jan.
102%
lo6*2b. 103M Mar.
i 0014 b. 100 ^b. 98 Apr.
133 b. 133*8
129*2 Jan.
17
June
123*2 Apr.
Frb.
Jan.
b. 101*2 Apr.
b. 105*4 Feb.
b. 62% Mar.
b. 102
110
66
a.
May
108*2 May
94*2 Jan.
108*2 Jan.
113 *2 A pr.
100
Apr.
102^0
a.
DenverDivis.,4b, 1922... ....
- Con. 6b, 1934 11512
Chic. & Ind. Coal R.. 1st, 5a, ’36 98 %b.
M.7b,’97
Apr.
105%
11^*40. I13*eb 112*2 Apr.
b. 107 b. 101*2 Jan.
106
115%b. llo*4b. 113*2 Jan.
Chic. & Ehst. Ill
Ch.Mil.& Bt.P—lBt,I.«fe
Consol. 7b, 1905
19
80
.05
Railroad Bonds.
Highest
89*4 Mar.
b. i 07*4b. l<’45g Feb.
a. 1-0
Ill** Jan.
Jan.
l‘20*2b. 122 b. 115
6ft, gold, Ber.
Mort. 6e, 1911
dies. O. &8o. W.—5-6b,
b.
20
b
83*46
Lowest.
[Vol. XLVI
V. STOCK EXCHANGE, AND RANGE SINCE JAN. I, 188S
Range since Jan. 1.
Closing.
Railroad Bondi.
E0N10LE.
C
1910
1919
103*2
105
107
109
110
35
10
20
Ask.
Bid.
SECURITIES.
Rhode Island—6b, cou.. 1893-1894
South Carolina—6a, nou-fund.1888
1893
Brown consolidated 6s
1892-1898
Tennessee—6s, old
Compromise, 3-4-5-68
1912
New settlement—6a...
08
1913
1913
3s
1913
Virginia—6b, old
6s, consolidated bonds
6b, consolidated, 2d series
Hg. deferred, trust
rt*r.
Ask.
108
3%
106
62
72
104
96
71
48
70
50
8*2
4
108V
64
72V
106*4
100
71V
9%
June 9,
BONDS-STOCK EXCHANGE
Bid.
SECURITIES.
Railroad Bonds.
(Slock Exchange Prices.)
Atch. Top. & San. Fe—4*$s ...1920
1911
1937
Beecn Creek-1st gold, 4a
1936
B»lk A Onio—1st6a, ParkB ..1919
5a, gold
1925
Boat. H. Tun. & W.—Deb. 5a.. .1913
BrooklynElev.— 1st, G., 6a...1924
2d, 3-5a
1915
Burl. Ce. Rap. & No.—let, 5a. 1906
Sinking fund, 6s
Collateral Trust, 5s
Registered
Ask.
107*2
90
70
100*«
82*2
.1927
Minn. A St. L.—1st 7a, gu
Iowa C. & West.-let 7a
1909
let 6a. 1920
108
Central Iowa—1st, 7s, Tr. Recl899
80
96*2
1921
1st 5a
1912
1912
Cons, gold bonds, 6a
1924
Cent. RR. & Banking Co., Ga.—
Collateral gold, 5s
1937
Ches. A O.—6s, gold, ser. A... 1 DOS
190*
Coupons off
Ches. O. & So. West.—2d 6a... 1911
Chicago & Alton—1st, 7s
1893
East’n Div., 1st,6s
Illinois Division—1st 6s
Lonia. A Mo. River—1 at
7a.. 1900;
2d mortg. (360), 7a
2d, guar. (188), 7a
Miss. R. Bridge—1st, s.f.
1898
1898
68.1912
Chio. Burling. A Q.—5a, a. f. ..1901
Iowa Div.-Sink, fund, 5a. 1919
Sinking fund, 4a
1919
Plain, 4*
1921
Nebraska Extension 4s
I027
Chic. Burl. A No.-Deb. 6s
1896
Chic. Rock Isl. A Pac.—
Dea Moinea & Ft. 1).—1st,4a. 1905
let, 2*2s
1905
Extension, 4a
1905
Keok. & Dea M.—lat, 5a ....1923
Clio. M.A 8t.P.— lat, 88, P. D.1898
2d, 7 3-1 Oa, P. D
1898
lat, 7a, $ g., R. D
1902
1st, La Crosse Division, 7a.. 1893
lat, I. & 1)., 7a
1899
1903
lat, C. A M., 7a
1908
lat, 7a, I. & D. Ext
1st, S. W. Div., 6a
1909
1919
let, 5a, La C. A Dav
lat, H. A D., 7a
1910
lat, H. & D., 5a
1910
Chicago A Pacific Div.. 6a.. 1910
Chic. A Mo. Riv. Div., 5a
1926
Mineral Point Div., 5a
1910
C. & L. Sup. Div., 5a
1921
Fargo A South., 6s, Aaau ...1924
1003s 100*2
107
104
69
114
1916
1916
115
122*4
120
117
114
114
i 15**2
115
115
107
107
108*2 112
118
132
135
104*3
88
'
90
118
1U0
118
97
101
98
102
118
112
1134;
1133*
108
.
95
116
113
117
117
1951
1898
1921
1.,7a. 1897
1897
1907
lat, consol., 7a
2d, 6a
Gold, 5a, coupon
110
107
96
20
119
Registered
112
......
87
85*4
165 a4
130
116
128
r113
1*0
115
Kal. & W. Pigeon—lat, 7a... 1890
Det. M. A T.—1st. 7a
1906
Lake Shore—Div. bondo, 7s.1899
Consol., reg., 1st, 7s .’
1900
Consol., reg., 2d, 7s
1903
Mahon’g. Coal RR.—1st,
Long Island RR.—
5a. 1934
129S
121*2 123
125
1*2
1*6
I..
*105*2
1907
1911
Income, 3a
90
96*4
96
Registered, 5s
Jack. Lan. & Sag.—6a
Milw. Lake S. A
Conv. deb., 5a
130
1909
1931
1931
1891
1924
7a
Southwest Ext.—lat, 7a
Pacific Ext.—lat, 6s
1891
2d mortg.,
......
169
'120
113
104
1907
Michigan Div.—lat, 6a
50
1910
1921
Minn. A Pac.—1st mortg. 5s.. 1936
Minn. & N. W.—1st, 5s, gold.. 1934
Minn. S.Ste.M.AAtl.—1st,5s.. 1926
48
Mo. K. & T.—Cons.,2d, inc....191 1>
H. A Cent. Mo.—1st, 7s
1890. 1*0*2
mobile A Ohio—Col. tr., 6s ...1892
* -2 *4
Cu Col. Gin. & Ind.—let, 7s, s.f.’99 *117
Consol, sink. I'd., 7s
1914
Ohio. St. Paul M. A O.—
Chic. S. P. A Minn.—1st, 6s. 1918
No. Wisconsin—1st, 6a
1930 vi’i6’*
St. L. & Cairo-48, guar
19311 108
8t. Paul A S. C.—lat, 6a
1919 123*4 1*5*2
Morgan’s La. & T.—lat, 6a
Chic. & E. Ill.—lat, a. f., cur.. 1907 11 * 1 i 6
12 J
1st.
7s
1918
9b
J4
96
lat, 7a
1918 "12o
Gen. con., lat, 5s
1937
lu9
Nash. Chat. A St. L.—2d, 6s.. 1901
Ohio. & W. Ind.—lat, a.f., 6a..1919 112
lu3
116
June.—Guar,
48
1986
*114
N.J.
lat,
General mortgage, 6
1932
Registered certificates
Chio. A St. Louis—1st, 6a
1915
95
N. Y. P. A O.—Prior lien, 6s ..1895
Cin. I.St.L.A Chic.—let,g.,4s .1936
N. Y. A Northern.—2d, 4s
1927
Registered
9z*2 N. Y. A New Eng.—lat, 7a.... 1905
Cin. Jack. AMao.—Ist.g.,5a...1936
9b
1905
94*2
1st, 68
Cleveland & Canton—1st, 5a.. 1917
N.Y.Susq.AWcat.—Deb. 6a...l8 *7
Col. A Green.—1st, 6s
1916 100
1937 108
2d, 4*28
2(1, 6s
1926 %0
N. Y. N. H. & IL—1st, reg. 4s. 1903
Col. A Cin. Midland—lat, 6a.. 1914
N. Y. Tex. AMex.-lat, 4s ...1912
Coeur d’Alene, 1st, 6s, gold...l91o
Northern Pac.—
Ddl. Lack. A West.—
Dividend scrip
Convertible 7s
1892 1C9
1920.*108
1907'
Bvra. Bing. A N. Y.—lat, 7s. 1906
Morris A Essex—1st, 7a.
1914
140
1*33*2
13458
14 L
142
...1891 109*2 110*
1900 120
2d, 7a
Bonds, 7a
1*5
7a of 1871
?.
1901
1st, con., guar., 7s
1915 11-14*2 135
Del. A Hud. Canal—1st, 7a... 1891 110*8
let, ext., 7a
1891 '108
Coupon, 7a,
1894 111*4
Registered, 7s
1894 114
Pa. Div., coup., 79
1917 *140
*1,>8
Registered
Dividend extended
James River Val.—1st,
6s. .1936
Spokane A Pal.—1st, 6s
1936
St. Paul A N. P.—Gen., 6s.. 1923
Registered
Helena A Red M’n—1 st,g.,6s. 1937
Manitoba— 1st, g. 6s.1936
Dul.
Do Dakota Div.—1st. 6a.1937
Ilel. B.Val. A Butte, 1st, 6a.l937
Drummond A P’bg—lat, 5a 1937
Helena A No.—lat, g’U, 5a.1937
La M. A Mo. Riv.—lat, 5s 1937
N. O. A No. E.—Pr. 1., g., 6a ..1915
1926
Albany & Susque—1st, 7s.. 1888 103*4 10b 3g New Or. A Gulf—1st, 6s
Norf. A W.—New Riv.—1st,6s. 1932
lb*
lat, cons., guar., 7a
190b
*128
Imp. & Ext., 6a
Registered
let,
eons., guar.,
6a
1906 1*3*4
Registered
Bena. A Sar.—1st, coup.,7s. 1921
12. *2
144
*141
Adjustment M., 7a
Ogd. A Lake Ch.—let,
6a
1934
1924
1920
f., 7a.. 1898
Springbeld Div.—1st, 7a
19ob
Registered
General 5a
1932
Det. Bay C. & Alp.- lat, 6.... 1913 106*4 109
Ohio Cent.—lat Ter. Tr., 6a... 1920
93
Duluth & Iron Range—1st, 5a.lt 37
Min. Div.—lat, 6a
1921
84*s
Dill. So. Sh. & Atl.—5a..
1937
.1936
123* Ohio River RK.—lat, 5a
E-Tenn. Va. & ua.-lat, 7a... 1900 122
111*2 Oregon A Cal.—let, 5a
..1927
Divisional 5s
1930
Panama—Sink, fd., sub., 6a... 1910
E.& W.of Ala.— 1 at,cons 6s,g., 1926
Peona & Pek U’n—lat, 6a....1921
EU». C. & N.-S.f., deb.. 6s. ..1921
2d M., 4*28
1921
1st inortg., 6a
1920
*
No price Friday; these are latest
Ohio A Miss.—Cons., a.
quotations made this
week.
St. L. K.ASo.Wn.-lat,
Tex. A Pac..,E. Div.—1st,
6a.l916i*192
6s 1905 *109
Pa. Co.’s guar. 4*2S, 1st cp.. 1921
Pa. w.’s 4*28, reg
1921
Pitts. C.&St.L.—lst,cp..7s. 1000
Pitts. Ft. W.-& C.—1st, 7s... 1912
108*2
1912
1912
2d, 7s
2d, guar., 7a
1898
1898
20
122
113*
112
106
92
t 0
82
99
100*2
107**2
72
i22
Pitts. Cleve. A Tol.—1st,6a... 1922
Pitta. Junction—1st, 6s
1922
1932
Pitts. McK. A Y—1st, 6a
1927
Pitta. Y. v Ash.—1st 5a
Rochester A Pittsburg—
Rich. ADanv.—Debeu ure
Debenture, ex eoupnn
6s. 1927
Consol, mort., gold, 5a
Atl. A Char.—lat, pr., 7s
193b
1897
76
.75
112
108
H5
100
85
84*i
*
1900
Ter’1. Trust 6a.. 1897
"
89*4
91
91
Coupons off
7a
1926
1910
1st, 78.1895
Valley R’y Co. of
Chicago Div, ,5s, Truao rec
Havaua*Div., 6a
lojo
ludianapolia Div.—6a
1921
1921
Detroit Div.—6s, tr. rec
Cairo Div.—5s
1931
Wabash M.,7a, Trust rec
j
Toledo A Wab.—1st ext., Tr. rec.
1883
7s, Trust rec....
Gt. vV’eat.—1st. 7a, Trust rec .
2d, 7s, Tins: ice
Quin. A Toi.—lat, 7a
1890
< on»oJ. eoiiv.
1909
1912
St.L.K.C. AN.--R.E.A KR.7s.’95
Han. A Naplea—lat, 7a
Ill. A So. Iowa—lst.e.x.Ga
Clariuda Br.-6s
191o
St.Cliarlea Br’ge— lat,6a. 1908
1895
No. Missouri—1st, 7a
West.N. Y A Pa.-lst, 5a ...,lo37
2d
m.
1927
gold 3-oa
A Frank—1st 7a...1896
West. Va. C. A Pitra.—1st, 6s.. 1911
West. Union Tel.—Coup. 7a.. .1900
Warreu
101
N. W. Telegraph—7s
1904
Market St. Cable Ry., 1st, ea.1913
Mauhat. Beach Imp. Co.—7s. 1909
Am. Water Works Co., lat. 6a. 1907
ienn. Coal Iron A Railway—
1917
1917
I.—6a, g..1917
Georgia Co., N. C.—5a
1937
lenn.
105
113*2 116
108
107
109
99
164
O.—Con. ba.1921
Virginia Midland. - Inc., 6a. ..1927
Wab. St. L.A Pac.—Gen. 6s, Tr. rec.
Equip, bonds
liS
60
1897
Ark. A T.—1st, 7a
St. L. Alton A Ter. Haute—
Bellev. A 80. Ill.—1st, 8a. ..1896
1923
Bellev. A Car.—lat, 6a
St. Louis A Chic.—1st, con.6s.lo27
115
St.R.Minn AM.—Dak.Ext.,6s.l9l7
Min’s Un.—1st, 6s
1922
Mont. Cen.-lst. guar., 6a.. 1937
110
St. Paul A Duluth—1st, 5a
1931
Sodus Bay A So.—1st, 5s, g...l92t
45
Tex. Central—lat, a. f., 7a ....1909
45
1st mortg. 7a
1911 '115
1905 102
Tex. A N. O.—lat, 7s
Sabme Division, lat, 6a
1912
89
Tol. IVoria A W.—1st 7a, Tr. rec...
Si. Louis Div., 7s, J ruat rec
2d M. ext., 7a,Trust rec.. ..
102*2
Div., lat, 6a
Bir. Div.—lat con.
Col. A Hock. Coal A
Income
107
108**
106
Cairo
i)3
99
105
1075*
*142*
Pine Civek Railway—6a of 1932
Pitts. & Western— 1st, g.,4s..l917
St L. AI.M.—Ark. Br.,
100
117
106
100
*140 143
132 1*27*3
Clev. A P. —Cons., s. fd., 7s.lo00 126
4th, sink, fd., 6s.
1892 108 ^
St. L. V. AT.H.-lst, g.,7s.1*97 *1143*
2d, 7s
3d. 7s
Scioto Val.—lat, cone.,
96
164
il*6*
101
105
1st, 6s, Pierce C. A O
1919 105
Equipment, 7s
1895 97
1st, trust, gold, 5s
1987 98
Kau. City A 8.—1st, 6s, g.1916
98
Ft. 8. & V. B. Bg.—1st, 6s. 1910;’
lat, 68, 1886
ll5
80
......
1 ()5
93
1909
Extern, 1st, 7a
105
104
San Ant.A Arana. —lat,6a,’85-1916
Wear.—
Minu.ASt.L.—I’a Ex.—lat,7a. 1909
121
130
112
lu7
Michigan Cent.—6s...
Coupon, 5a
117
117
1907
94
1895 104
68.1905
68.1905 102
96
1909
Missouri Pae.—Trust, g.. 5s.. 1917
Verd’s V. Ind. A W., 1st, 5sl*2b
Ler. A C’y Val A. L.,lst,5s.l926
St. Louis & San Francisco—
Rich. A W. Pt.
.
*
*
C. Br. U. P.—F. 0., 7a
Atch. Col. A Pac.—1st,
Atch. J. Co. A W.—lat,
Ut. So.—Gen., 7a
Ifie.mnen
*
......
Eacanaba A L. S.—lat, 6a... 1901 112
Dea M. & Minn.-1st, 7a
1907 *126
Iowa Midland-let, 8s
1900
Peninsula—1st, conv., 7s.. _ 1898 127
Mortgage, 7s...
..
105
102
1920 *117
125
1921
St. Louis Div.—lat, 6a
57
1)7
115
1980 1:0
2d 3a
lc6
104
Nasliv. & Decatur— 1 at, 7a.. 1900 *104*8
125
124
S. & N. Ala.—S. f., 6a
1910
Ixmiav. C. & L.—6a
1931
i*2*i" **22**
Pena. A At.—1st, 6a, gold.. 1921
87
101
100
1934 40
Lou. N. O. & Tex.—lat,4a
160
1934
2d mort., 5a
66
102
Mexican Cent.—New, aea.,4a.l911
127*2 130
1897 115*2
1898 116*2
1908 104
1st, 6s
lat, 6s
Col. Trust, 6a
Col. Trust, 5a
Butt.Roch.APitts.-Gen ,58.1937
N. Y. & M. Beach—lat, 7s.. 1897
N. Y. B. A M. B.—lat, g., 5a. 1935
Louiav. & Nasliv.—
Cecilian Branch—7a
Pensacola Div.—6a
114
107*4
115
South.Pac.,Ariz.—lat 68,1909 10
Union Pac.—lat, 6a
1896
Pennsylvania RR.—
118
1951
Pacific RR*.—Central PacificGold bonds, 6a
1895 *11619
Gold bonds, 6s
....1896 lie
G>ld bonds, 6a
1897 116
Ca\ A Oregon—Ser. B., 6 1892 *104
Veat. Pacific—Bonds. 6a....l899i*l 15*6 115**
No. Railway (CaJ.)—1st, 6a 1907'
119*2
Indianap. D. & Spr.—
102
1st, 7s, ex. fund, coupon
1906
90
1947
Tnd. Dee. A West.—M. 5s
2d M. inc. 5s
1948
Lake Shore & Mich. So.—
*111*
Cleve. P. A A.—7a
1892 121
122
92 3>
Buff. & Er.—New bonds, 7a. 1898
loG
106*
92-%
1*2*7*14
ist, gold, 4s. 1951
1st, gold, 3*28
Spnngf. Div.—Coup.,..6s,
119*4
i06* 110*'
Dub. A S. C.—2d Div., 7a ...1894
Ced. Falls & Minn.—lat, 7s.1907
Chicago & Northwestern—
Chio. & Milwaukee—1st, 7s. 1898
Win. & St. P.— 2d, 7s
1907
Mil. A Mad.— 1st, 6s
1905
Ott. C. F. & St. P.-lst, 5s.. 1909
116
Ask.
Bid.
SECURITIES.
Ask.
119*2
Buff. A S. W.—Mortg. 6a.... 1908
Evan. & T. H.—let, cons., 6a.1921
Mt. Vernon—let, 6s
1923
Evans. & Indian.—lat, cons...1926
Eureka 8pringa R’y, 1st, 6a, g.1933
Fl’t A P. Marq.—Mortg., 6a... 1920
Grand Rap. A Ind.—Gen. 5a.. 1924
Green B W. A St. P.—lat, 6a 1911
Han. A St. Jos.—Cons., 6- ,...1911
Houston A Tex. Cent lstm 1. t ree
West Div. 7s, tr. reo
2d in. 8s M. 1. tr. rec
Hous. E. & W. Tex—1st, 7s...1898
Middle Div.—Reg., 5s
C. St. L. & N. O.—Ten.
INACTIYE RAILROAD BONDS.
Bid.
SECURITIES.
Illinois Central¬
...
Inc. conv. sink, fund 5a
Dakota A Gt. South., 5a
QUOTATIONS ON FRIDAY OF
Erie—lat, extended, 7a
1897
2d, extended, 5a
1919
3d, extended, 4*28
1923
4th, extended. 5a
1920
lat, eons., fd. coup., 7a
1920
86*s 90 Reorg., 1st lien, 6s
1908
B. N. Y. A E.-lst, 7s
1916
118
1*2*2
N. Y. L. E. & W.—Col. tr., 6sl922
108*4
Funded coup., 5s
1969
98*2 99*2
1934
Consol. A eol. tr, 5a
Ced. Rap. I. F. A N.,
733
THE CHRONICLE.
1588.J
6a
......
I04*a
90
117
112%
116
100
105**
35
*4*6""
84
85
105*3
80
90
91
93
85*4
12
90
85
85
84
93
.....
109*s Ill
104*9
104
105
116% mrnmrnm
9S*a 99
33
•
115
106
116
100
—
*8*6“"
103*9
86
87
96*9
Bonds.
118
(Interest payable ij earned.)
Atl. A Pac.—Cen. Div
1922
Ind.Dec.A West, im ome
Mil. Lake Sh. A W.—Income
Mobile A Ohio—2U pref. deoen....
3d pref. debentures
4th pref. debentures
72 ** N. Y. L. E. A West.—Inc., 6s..1977
26
29
24
22
26*9
24*9
I THE CHRONICLE.
7341
Bank Statement for the week ending June
We omit two ciphers (00) in all cases.
New York CItj
8,1888, is
as
follows.
fTOL. XLVI.
SECURITIES.
Bid.
Huntington & Broad Top
16
17
35*4
63*8
40
Preferred
Banks.
Specie.
Loans.
Capital. Surplus.
Lehigh Valley
Little Sohuylkill
Deposits.
Legal8.
(00* omitted.)
$
$
Bank of New York...
Manhattan Co
Merchants’
Mechanics’
America
P he nix
City
Tradesmen’s
Chemical
Merchants’ Exch’nge
Gallatin National
Butchers’ & Drovers.
Mechanics’ A Tradei s
Greenwich
Leather Manufa^t’rs.
Seventh National
State of New York...
American Exchange..
Commerce
1.649.9
1,112,7
2,000.0
2,060,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000,0
Mercantile..
517.5
7,076.0
8,712,0
11,171,1
3,768,0
2,279,0
9,224,0
790,0
1,674,2
1.814.9
300.0
3,357.2
4.784.8
2,218,0
2,043,0
1.170.9
3.274.6
1.269.9
3.727.5
14,170,0
29!',5
1,417 6
616.4
4.637.2
124.8
361,0
113.4
2,291,9
138.6
7.635.7
2.299.2
8,761,*
4,433,0
1,035,8
321,6
2.836.7
12,937,9
472.3
1.465.6
3.214.9
1.546.7
600,0
969.1
263.4
Citizens’
Nassau
600,0
365,9
500,0
750.0
163.7
623,0
600,0
600,0
1,000,0
212.8
237.1
1,071,8
1,000.0
18.013,9
6.257.1
1,006,2
2,891,0
2.522.4
2.436.4
4,225 7
1,74 3,2
3,202,0
1,000,0
4,0 00,1
300,0
1,500,0
3.678.1
19.885.6
16.893.7
1.904.6
1.326.5
16,877,0
6,065.0
North River
Bast River
Fourth National
Central National
SdCund National
Ninth National
First National
Third National
N. Y. Nat l Exehange
240,0
250,0
2,060.0
1.709,0
2,000,0
101.5
121.2
1.305.1
3,200,0
2,000,0
300,0
750.0
7,5
194.6
263.7
600,0
6.611.1
65
1/ 00,0
214.7
100,0
3,507,0
4.172.4
21/32,6
4,720.0
1,464 0
2.282.6
2,276,0
116.7
300,0
250,0
200,0
7 50,0
600,0
30,7
2.876.6
3.941.6
94,4
1.56".2
331,0
3,496 0
50,0
800.2
6,088 0
V
1,616.0
16.646.4
1,170,0
731.0
290,0
1,590 9
5'2,2
1.442.2
8.0.6.0
4,103,0
5,187 9
10.617.5
4,055,8
ir 66,0
1/92,0
4,037 3
3,334,4
472.2
137.3
1,011,6
192.6
477.4
760,0
238.1
1.690.6
300,0
200.0
150,0
237,3
1,519,0
332 3
300,0
200,0
411,5
3.630.2
1.977.6
995.9
200,0
3,500,0
4
258,0
794,0
2 372.8
155,0
13 5,3
692.7
88.9
366.8
2.993.5
Delaware -Mort.,
Consol. M., 6s
Leh. V.—1st,0s,C. A
Loans.
Specie.
$
$
L. T’nders.
May 19 142.44 ,500 ll.f 80,600
*; 2b 143.741 ,000 11,239,300
June 2 146.772,300 10,817.500
Deposits.*
Loans.
1888.
Mon’y
$
$
May 19
09.662,400
26
June 2
80.201.600
09.662,900
26,266,200
26,811,000
26,255,600
“
..
206
130
150
84,876.600
80.X79.107
71.310,403
Deposits/
Agg.Cl’ngs
$
90,384.800
$
2,725.200
90,621,300
91,039,500
2.719,040
2,721,760
$
64.031,337
59.290.244
126
215
......
*1*36%
Boston* Low ell
Boston * Maine
Boston * PruvideiM e
Boston Rev. B. * Lynn..
California Southern
Central of Massachusetts
Preferred
Cheshire, pref
Ohio. Burl. A North'll...
100*3
36
165*
285*
**37'
Concord
Connecticut & Pass
I as tern
Preferred
K. C. Fort Scott A G.—7s
Bans. City Law.* So.—6s
K.C. Memph. & Birrn—6s
Kan. Cit. bt. J o. A C. B.—7 s
K. City Hp’d * Mem.—6s
K.C. Clint. A Springf.—5s
Little R. A Ft. 8.—7s...
Lonisv.Ev. ASt.L.—1st, 6s
2dmort.,2-6s
Mar. H. A Ont.—1908, 6s,
1923,6s
Fitchburg, pref
Flint * Pere Marquette
Preferred
K. C. Memph. A Birm. .
I4»uisville Evans. & St. L.
Mexican Central—4s....
Income
N.Y. A N. Eng.—1st, 7s.
1st mort., 6s
2d mort.. 6s
42*2
102
42
Preferred
Incomes
Wiscon. Cent.—1st
Income 5s...
Ogdensh. & Lake Cham..
RAILROAD
|Bell’s Gap
16%
37
I Camden a
i*2*f
113
98
107
104*4
ib’o*
*€*6*2
i
19*2
-
123
116
t
1
1203*
95
*4*6*
*9*6*
04 34!
t Per share.
95
1 «t, mort
At antic, pr^f.
$ Last price ibis week.’
102
103
85
85
115
106
212
100
140
150
116
81
7%
....
Kee'v Motor
Lehigh A W’ilkes. Coal...
Mahoning Coal RR.
64%i
^
56
145
136
138
150
113
120
315
Second
ShoeALeath 144
StateofN.Y. 112
119
105
160
tradesmen's
Suited St’es 210
Bonds.
Bid.
GAS COMPANIES.
71
People’s (Bklyn.)
122
Williamsburg
Bonds, 6s
72% Metropolitan (Bklyn.)
Municipal—Bonds, 7s
Fulton
Municipal
Bonds, 6s
92
102
105
100
1*7*6“
170
128
...
103
Equitable
Bonds, 6s
Aak
73
125
100
80
106
133
105
111
82
105
110
110
118
110
135
109
Broker, 145 Broadway.]
0s
107
112*3 Eighth Av.—stock
170
Sorip, 6s, 1914
104
42d A Gr*nd St. F’rv—Stk
1st mort., 7s, 1893
104
220
104
150
105
210
110
42d St. Manh. A St. N.Ave 32
D. D. E. B. A B.— -scrip,
28
100
95
120
110
1st mort., 6s, 1910
2d mort., Income, 6s
•iOUSt.W.St.AP.F’v—Stk.
1st mort., 7s, 1894
Ninth Ave
Second Av.—Stock. .......
1st mort., 6s, 1910
Sixth Av.—Stock......
1st mort., 7s, 1890
Third Av.—Stock
...
155
107%
112
38
108*3 109%
60
165
no
76
105
MS
160
1( 5
218
101
220
Bonds, 7s, 1890
Twenty-third at —stock..
no
1st mort., 7s, 1893
50
••••»«
112
106
105
170
106
220
102
226
112
•
pj-ef
Mex. Nat.Constroct’n Co.
81
3
15
37
80
20
9
83
17
40
*2*5
Bid. Ask
SECURITIES.
Ask.
*65
1 at. 6s
Kan. City A Omaha
44*3a
iElmira & \\ iliiamsport..
I Preferred
105
..
STOCKS. 1
Pennsylvania
103
54
loo
72
105
114
90
100
100
97
85
30
Am. Bank Note Co........
Atch. A Pike’s P’k. 1st 0s 10j
37
33
Brooklyn Elev’d—stook..
Brooklyn A Mont auk.... 50
96
Pref
Pahtornift Pacific
4
6%
50
44
Chic. Burl. A No.—Stock
8
7%
Chesap. a Ohio—Receipts
7%
9%
1st 1 ref— Receipts
9
7%
2d 1 ref—Receipts
6
4%
Chic. A Atl.—Ben,, ir. rec.
81
% 32%
Chiu. Gas 1 rust
11
14
Den. A Rio Gr. W.—St’k.
6
7
Dul. S. Shore A At.— Stk.
20
25
Pref
20
East A W’est RR. of Ala.
15
12
Geoigia Pac.—Stock
109
lut, fl*...
108
43
2ds
*1*0*6
Hendeiscn Bridge—St’k.
8
7
1st pref..............
2d pref
5
113>«
93
M., 5s
Ask.
-•••04
135
190
162
165
186
144
St. Nicholas. ’.11
■lepublio
Railroad Stocks and
Bid.
Bid.
SECURITIES.
126
Delaware A Bout d brook
Bast
BONDS.
"•Ex-divideiid.
86
124
116
...
135
Unlisted Securities.—Quotations from both Exchanges:
*84*4
PHILADELPHIA.
.
Atch. * Topeka—Ist, 7s.
09*3
102*9
Rutland—5 h
14^ Southern Kansas— 5s..
118
Texas Division—5s
Old Colonv
Portland Saco & Ports...
Summit Branch
Wisconsin Central
Preferred
Ask.
Ogdens. & L.C.—Cons., 6s
Maine Ct-ntr. 1
Mane heeter & Lawrence
Mexican Centraj
N.Y. & N. Eng<pref
Northern
Norwich & Worcester....
Coll. Trns*. 5s
Income, 6s
Eabtern.^fass.- 61, new.
11*2
137
109 %
123*2
Cincin
California South.—1st, 6s.
2.X0
153
5s. 1905 ...
Brooklyn City—Stock
1st mort., 5s, 1902
225
Bklyn. Cross tow 11—stock.
1st mort., 7s. 1888
150
Bushw’k Av. (Bkln;—St’k
160
Central Crosstown—Stk..
120
1st mort., 6s, 1922
83
Cent. Pk. N.A E.Riv.-Stk
118
116
Consol., 7s, 1902
125
Ohrist’ph' r A 10th st—Stk. 120
113
111
Bonds, 7s, 1898
150
Dry Dk. E.B.A Bat’v—Stk 146 109
107*a
1st mort., 7a, 1893
l()5*s
111%
Non exempt, 6s
Land grant,7s
..
Bonds guar.,
116
Exempt, 6s
41
Preferred
(Bklyn.)
B’way Surface bds...l924
in Neb.—
Burl. & Mo. R.
Consol, ot Vermont—5s..
Ctoveland A Canton
City
1st mort., 5s, 1904
2d mort., 5s, 1914—.
Trust, 6s
20*5
Chicago & West Mich...
Cclum. Sp. &
T’p’a.—(Cont’d)—
Mortgage, 6s
195
164 %
211 **
234
N4saau.
...
1*2*6“
12
10%
Metropolit’n
Metropolis...
N. America.
North Riv*r.
mental....
Pacific
Seventh
143
125
[City KR. Quotations by H. L. Grant,
59,789,537
Bid.
Plain, 6s
84*2
84*8
Pnenix
.
26
B ’oker »t. a Fult.F.—stk.
111
1st mort., 7s, 1900
Baltimo re:
SECURITIES.
BOSTONRAILROAD PTOCKS.t
People’s.
180
169
..
Park
176
Market
166
Mechanics’
M’chs’ATrs’ 166
Mercantile.. 147
Merchants ’. 139
M’rch’ts’Ex. 118
Sr’dway A 7th Av.—St’k..
Atch. *
Atchison A Tor eka
Boston A Albany
165-
Sorip
Following are quotations of active stocks and bonds. A full
in the Chronicle the third Saturday of each month
Ask
155
Consolidated Gas
Jersey City A Hoboken..
Nassau
137
163
Metropolitan—Bonds
Mutual (N. Y.)
Bonds, 6s
Circula’n
S.Y. Countv 210
S.Y. Nat.Ex
130
Ninth
Leather Mf s’ 200
Manhattan.. 161
800
2000
135%
226
Irving
160*4 169
....
220
Sew York
Hanover....
Im. A Trad’s’
Greenwich..
Ask
Bid.
BANKS.
Ask.
Bid.
Germ’n Am..
Germania...
Brooklyn Gae-Light
Citizens’ Gas-Light
Bonds, 5s
ist is given
Bid.’
-
3d guar., 6s.
224
260
114
200
120
191
345
G48 COMPANIES.
*Inoluding the item “due to other hanks.”
SECURITIES.
16
110%
Yo)rk Local Securities.
...
Commerce
Continental.
Corn Ex<h...
Sast River..
11th Ward..
Fifth Ave...
First
Fourth....
:
$~
Quotations in Boston, Philadelphia and
1931..
i Last price this week.
Garfield
....
City
Philadelphia Banks.—The totals have been as follows :
Lawful
West. Md.,
BANKS.
....
391,227.,
$
6,2ul,900
6.149,800
70
*•••*
175
Am. Exch... 138% 140
no
Asbnry Park 00
280
Broaaway... 270
'65
dntchs’A Dr
125
132
Central
2:0
Chase
Chatham.... 230
Chemical.... 3400 3800
150
140
Citizens’
8,629,0
Agg.Cl’ngt
0.150.700
99%
65
34
12
4
174
America
Circula’n.
$
$
3,171,500 113.931.600
3,308,10l> 115.210.600
3,115.400 116,908.300
99*4
.
1st, Inc., 5s,
107
+ Per share,
Gas and
1888
2ds, 6s
3de, 3s
*1*3*6 *
Bid. 1 Ask.
Aak.
BANKS.
2,195,0
the Boston bctnke
Cm. Wash. A Jbait.—lsts
121*5
96
104
112
Bank Stock List.
125,0
1.147.3
Boston Banks.—Following are the totals of
101
101%
95%
Cape Fear A Y ad. - 1st, 6s:
09*2 100
New
613.1
1,269,1
191.7
314.4
122%
\
Income, 6s
117
140
130
i:7
4*gs, Trust Loan
1,810,1
9.583.5
249.6
Baltimore A Ohio—4s...
—
2.741,0
581.4
......
104
R.,’90
Income, 6s
Penn.-Gen. ,0s,coup.l91 €
Cons., 8s, coup...1905..
Cons.. 5s, conp..,1919
Ex-dividend.
..
111% 116
102*4 103
Cons. «s. C.A R., 1923.
North Penn.—1st M., 7s.
N.Y. Phil. ANorf —1st,6s
*
124
RAILROAD BONuK
Ailai/a A Char.—1st, 7s.
2d, 7s, reg.,1910
116%
122
106% 107
BALTTIUOFR
121*5
Del.ABrt.B.—1st, 7s.1005
21
RAILROAD STOCKS/
90
100
Baltimore A Ohio
1st pref
116
2d pref
§
48% 50
Central Ohio
Preferred
80
Non hern Central....
90
Elmira A Will’m.—1st, 6s
Harris. P. M’t J. A L.—4s
Hunt’n A B. T.—1st, 7s..
2d mortg., 7s
10*3%
101%
22
i*0*3*
118
131
121
6s
103
122
110
Deferred incomes, cp...
Phil. W. A Balt.—Tr.
Warren A Frank.—It
West Jersey—1st M., 7s..
112%
Connecting—6s
321.3
217.2
656.7
2.430.1
2.329.3
111
122
Camden & Atl.—1st M., 7s
Catawissa—M. 7s, 1900.
Clearfield & Jeff.—1st, 6s
Col. A Cin. Mid.—1st, 6s.
10 9,2
408,0
110.3
900.9
60.762,7 50.381,5 363.528,2 86,430,3 37,092,1
Total
Allegh. Val.—7 3-1 o«. »90 115*2
7s, E. ext., 1910
Inc. 7s. end., conn., ’94.
Bells Gap—Cons., 6s
109*2
Cam. & Amb.-M., 6s, ’89 102%
820.7
435.8
74,1
144,*.
30*4
215
RAILROAD BONDS.
1.25 3.4
109.5
214
60
101
112%
■**
28
A Lewiston
Ask,
Cons., 7s, ooup., 1911.. 128
Cons., 6s, g., I.R.C.1911
Imp., 6s, g., coup., 1897 103%
Gen., 6s, g., coup., 1908 115% 115%
119% 119%
Gen., 7s, coup., 1908
82 %
Inoome, 7s, coup., 1896
Cons. 5s, lstser., 1922
99%
74
Cons. 5s, 2d ser.,c.,1933
75%
Debenture coup., 1893.
81%
United Co’s of N. J
West Jersey
2.080,5
907.6
2.617.8
3.952.3
185,0
130.2
70,1
170.9
3.105.5
2,575,0
Garfield
Fifth Naticnal
Bank of the Metrop..
Want bide
Seaboard
Sixth National
Western National....
500,0
2.028.0
247,l|
1.477.1
Lincoln
500.0
200,9,
123.7
2.614.6
30%
3.000.9
177 8
20U.0
62%
Phil. A Erie
Phila. A Reading
2,402,0
1.130.7
2.850.2
1.475.7
247.2
200,0
7.569.9
3.836.6
Pennsylvania
b unbury
2.217.5
8,090 4
3.940.3
3.112.3
2.832.5
4.138.2
3,040,9
2,032.0
1,704.1
4.607.6
2.191.3
2.618.2
80%
3.804.3
5,5-6,4
2,050,0
22,690 7
21.236.3
2,23->.8
Germania
United States
Chase National
FiALh Avenue
53*2
Northern Central
North Pennsylvania
New York Phil. & Norf..
15,847,0
15.681.6
4.947.3
805.1
0,370,7
333.4
3.051,7
652,4, 8,736,6
444.9
4.920.8
124.5
2,754,0
3 627,1
351.2
977.9 13,5 9,1
eoi.i
142.4
3.884,7
2,226,0
129.6
German Exchange...
New York County....
Germ an-A merlcan
Nesquehoning Valley....
2,46o,0
1,614,5
345,0
639,0
989,0
363.3
67,0
195.8
406.1
638.4
362.5
351.9
499,7
164.6
203.1
Bowery
64%
PerkiomeD—1 st, 0 s. op.’07
Penn. AN. Y. Can.—7s,’ 96
A Erie 1st M., 7s.
Phil. A R.-lst M.t 6s.—
2d, 7s, c. A r. 1893
63% Phila.
63*2
Minehill A S. Haven
21.597.0
222.1
89.9
256.6
508.1
674.4
2,5' 9.7
537,7
880.1
210.1
832.5
293.3
6,577,0
283.1
336.7
Continental
Oriental
Importers’ A Traders’
Park
456.5
110,0
663.2
300.3
772.3
491.1
217.7
83.9
Irving
Market A Fulton
St. Nicholas
Shoe & Leather
Corn Exchange
7,13-, 3
115.7
906.7
492.4
352.7
5,001 0
4.9 9,4
1.1*1,8
1.849.5
843.8
1,669,8
76.9
618.3
450,0
200,0
7(0,0
Peoples’
650,0
614.4
200,0
200,0
600,0
300,0
1.200,0
North America
Banover
674,2
258,0
8.130.5
1,500,0
Chatham
85!,4
788,"
2.810.7
422,7
Republic
621,0
18,334.0
282,2
Pacific
10,930,0
10.690,0
8.825.6
7,227.0
11.716.5
3,180,0
14.593.6
2.677.2
233.7
300,0
6,0' 0,0
5,000,0
$
1,250,0
6,557,0
1,209,0
1,000,0
$
1,900,0
3,648,"
2.764.4
1,079,0
3.792.9
988.0
202.6
047,5
707.1
141,0
600.0
1,000,0
1,000,0
Broadway
11,040,0
8,624,0
•
Bid.
SECURITIES.
Ask.
6%
Mexican National tr. rec.
1st mongage, tr. rec....
New 1st 6s
'
N.Y. W.8.A Buff
N. Y. A Green’d Lake, 1st
2d mort
N.Y Mutual Tel..
N. Y. A Northern
Pref
New /ersey A N. Y.—1st.
N. J. Southern.....
Ocean Steam.Co.,lst guar.
Pensacola A Atlantic....
Port Rot al A Aug.—1st...
Incomes..
Rich. York Riv. A Ches..
St. i osej h A Grand lsl..
St. Louis A Ch.cago
Pref
St. PaulE.A Gr.Tr.,lst6s
Tol. A. A. A N. Mich
Tel do A Ohio Central
* ref
To.edo Peoria A West...
1st. 4s
Vicksb. A Meridian— 1st.
2d mort
Incomes
St ck, pref
Western
Bank..
West N. Car.—Con. M
7%
39
99
101
2
3
25
6
.*8~
91%
13
22
"T
106
14
!
I
94
THE CHRONICLE.
June 9, 1888.]
735
Latest
lumstaettt
Earnings Reported.
Roads.
Week
or
Ho
1888.
Jan. 1 to Latest Date.
1887.
1888.
1887.
AND
$
Louisv.&Nashv. 4thwkMa>
Lou.N.A. & ChicJlthwk May
Louisv. N.O. &T. 4thwkMay
Lykens Valley.. April..
JJaxIrxrad Intelligence.
...
Investors’ Supplement, a 'pamphlet of 132 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
ether month—viz., January, March, May, July, Septem¬
ber and November, and is furnished without extra charge
to all regular subscribers of the Chronicle.
Extra copies
are sold to subscribers of the Chronicle at 50 cents each,
and to others at $1 per copy.
The
RAILROAD EARNINGS.
Earnings to Latest Dates.—The latest railroad earn¬
ings and the totals from Jan. 1 to latest date are given below
for all the railroad companies whose reports can be ob sained
Road 8.
Week or
Earnings Reported.
Mo\
1888.
1887.
$
Allegheny Val.
Atch. T. & 8. Fe.
Atlanta & Char.
Atlanta &W. Pt..
Atlantic & Pac..
B.&O.East. Lines
Western Lines.
April
$
634,854
618,856
1,205,350 1,684,358
96,437
86,759
5,996,041
427,016
April
4th wk
$
1887.
163.606
163,519
April
April
Jan. 1 to Latest Date.
1888.
May
29,406
31,373
4,579t19i
457,199
146,372
63,763
68,317
1,106,479
April
1,182,461 1,215.221
April
371,229 363,952
Total
April
1,553,690 1,579,173
123,009
115,71*
Balt. & Potomac April
75,068
86,172
Beech Creek.... April
53,748
60,160
Buft.Roch.<fe Pitt 4til wk May
42,243
53,790
Bur.C.Rap.&. ). 3d wk May
14,625
18.169
Cairo V. & Chic 4th wk May
38,315
29,238
Cal. Southern... 4thwk May
39,965
41,949
iCamden & Atl’c April
Canadian Pacific 4thwkMay
317,000 301,000
22,104
18,929
Cp.Fr&Yad.Val April
34,107
32,903
Carolina Cent.. April
470,622
386,349
Cen.RR.&Bg.Co. April
Central Iowa.... 4thwkMay
30,014
26,086
Central of N. J.. April
1,006,326 987,349
March
Central Pacific.
1,228,948 1,115,960
Central of S. C. April
6,30a
5,897
Charlest’n &Sav April
49,521
42,748
Cheraw & Dari April
4,037
4,580
Chee.O. &S. W.. April
138,578
127,364
April
Chefl. & Lenoir
Chic. & Atlantic. 4tliwkMay
Chic. Burl. &No. April
5,169
480,176
338,333
136,143
1,176,157
453.922
240,595
787,045
747,807
959,776
1,089.464
274,592
285,154
780,99b
139,672
4,594,3 •»
634,797
105,034
132,401
3,669,286
86,617
184,138
173.554
2,312,61
536,231
3,678,724
1,972,935
523.922
3,373,843
3,414,242
2,635,363
30,044
192,123
5,041
37,959
218,619
29,070
618,008
28,401
838,339
27,777
549,969
22 807
46,682
873,266
207,74*
475,269
829,24 5
Chic. Burl. &Q
April
1,703,844 2,197,899
Chic. & East. Ill. Ithwk May
45,573
41,303
6,272,845
8,983,201
799.971
207,230
775,909
148,088
Chic. & Ind. Coal 4t hwk May
Chic. Mil. A St.P. 4th wk May
Chic. & N’thw’n. April
Chio. & Oh. Riv April
Chic.St.P. &K.C. 1st wkMay
Chio.St.P.M.&O. April
Chic. & W. Mich. 4th wk May
Cin.Ind.St.L.&C. April
Cin. Jack. &Mac. 4 til wk May
Cin.N. O. &T. P. 3d wk May
Ala. Gt. South 3d wk May
N.Orl. &N.E 3d wk May
Vicksb. & Mer. 3d wk May
Vicks. 8h. & P 3d wk May
Erlanger Syst 3d wk May
Cin.Rich.&Ft.W. 3d wk May
Cin. Sel. & Mob.. April
Cin. & Spring’d April
Cin.Wash.&Balt. Ithwk May
Clev. Akron & Co I 3d wk May
Clev. & Canton April
.
April
April
3d wkMay
3d wkMay
4th wk May
4th wkMay
4thwk May
DetBayC.&Alp.
DetLans’g&No.
May
4th wkMay
3d wk May
3d wkMay
Ithwk May
4th wk May
Ithwk May
4thwk May
3d wkMay
f.Tenn.Va.&Ga.
Ivans.
&
Ind’plis
13,240
8,070
628,500
647,890
8,551,500
9,074,272
1,954,885 1,839,334
4,503
4,294
33,045
17,C02
496,246
540,175
38,742
34,715
7,100,199
14,504
7,531,470
22,109
367,379
1,860,402
547,010
62,569
56,979
1,307,170
1,202,982
24,436
11,573
25,241
8.921
7,939
7,234,
580,848
322,303
180,903
189,296
55i,411
7,393
6,071
90,613
51,697
10,071
32,952
317,389
565,733
5,129
70.511
183,000
4o,463
101.926
466,682
123,784
1,063,077
2,828,684
449,305
836,699
201,107
111,072
1,321,049
2,328,629
118,746
120,441
1,092.944
2,878,296
348,916
374,385
373.927
444,104
308,700
84,498
2,075,032
1,844,329
5,244
88,953
328,943
89,965
323,170
1,0 49,4^1
450,252
21,004
41,880
313,1 3
506,348
813,182
3,358
369,659
162,028
41,162
10,494
793,761
74,227
6,436,384
6.635
10,046
67,455
50,743
59,729
43,778
26,671
46.847
4,702
25,732
271,468
243,142
102, i-35
778,526
‘22.
2,399,526
149,111
32,059
344,488
169,302
20,140
41,300
3,751
357,761
277,889
193,130
187,096
459,629
23,626
250,615
197,:i89
46,067
32,771
35,070
16,304
689,500
9,9L7
161,875
114,980
21,646
49,191
10,945
72,089
4,294
68,737
4,362
5.930
36,757
51/‘89
lithwlrMnvl
2,307,626
1,034,070
24,408
|
828,626
223,650
115,701
1,282,776
24,653
9,500
859,196
.
206,700
15,275
35,310
358,581
27,140
46,670
.
6,933
154,822
20,552
71,985
205,404
.
106,3141 2,5*0,519
7,336
7,726
88,058
54,151
11,788
31,843
301,520
567,778
4.948
37,347
11,313
,
Houa.&Tex.Cen. 3d wk May
Homest’n AShen April ....
DLCen. (Ill.&So) April
CedarF.&Mm. April
Dub.&Sioux C. April
Ia. Falls & 8. C. April
Ind. Dec. & Spr April
kwh & St. Louis 4tn wkMay
f ana wha& Ohio 4th wkMay
|.C.Ft8.AMem. id wk May
fan. C. Cl. &8p 3d wk May
fentucky Cent April..
feokuk & West, 3d wk May
fingst’n & Pern, 4th wkMay
fnoxv. & Ohio April
fake E. A West 4th wkMay
fehisrh A Hud Mav
April
feh&WilB.Coal
"•Rock & Mem 3d wkMay
14,380
22,275
22,309
48,700
27,430
27,193
93,146
6,674
20,583
67,294
Gulf Col.& S.Fe. April
fong Island.... [May
lo'da.F.v. st-.T
850.294
6,079
110,500
Evansv. &T. H.
Flint &P. Marq.
Fla.R.&Nav.Co.
tFt.W.& DernCty
Georgia Paoifio. 4th wk M ay
Gr. Rap. & ind... 3d wk May
Other lines.... 3d wkMay
Grand Trunk... WkMay 26
548,632
821,941
185,519
5,843
3d wk vi ay
3 wks May
629,946
1,760,402
202,743
10,785
201,751
.
Clev.Col.C.&Imi
Whole system
Clev. & Marietta
Color. Midland..
Col. & Cin. Mid
OoLHock.V. «feT.
Deny. & Rio Gr
Deny. A R.G.W.
Den. Tex.&Gulf
DolnthS.S.&Atl.
63,736
127,987
89,366
3,181
77,399
5,678
4,551
29,439
44.847
16,548
698,6i-6
11,249
254,707
20.3RK
750,914
812,586
45,661
3,571,382
104,280
1,5*1,701
9L.977
289,124
116,739
236,364
437,861
816,628
51,869
7,063,256
739,845
835.904
47,131
3,544,112
36,031
246,478
196.688
135,808
798,938
5i,580
1,656,429
95,356
286,049
115,908
6^,659
53,573
160,434
139.892
748,905
91,276
762,308
98,535
283,235
1,047,831'
*Mexican Cent
4thwk May
Guad’jara Br.. May
Tampico Div. March
*Mex. N. (alllns) April
303,990
995,356
6,342,754
67,031
59,866
809,713
51,257
70,742
27,664
33,938
53,272
971,738
34*,464
26,724!
635,496
135,328j
2,467,302
180,693
13,193
/ *5*733
161.933
155,126
*MexicanRailwy Wk May 26
61,769
Mil.L.Sh.&West 4tliwkMay
Milwaukee & No. 4thwk May
88,728]
Minneap.&St.L. April
Mobile «& Ohio
May
Nasli. Ch.&St.L. April
Natchez Jae.&C April
New Brunswick. April
N.Y.Cen. &H.R. May
N.Y. L. E. & W.. April
N. Y. & Northern Ithwk May
N. Y. Ont, & W... 4thwk May
N.Y. Pliila.&N’k April
N.Y.8us.& W... April
Norfolk & West 4thwkMay
N’theastm (S.C.) April
Northern Cent’l. April
Northern Pacific 4tnwk May
Ohio & Miss
Ithwk May
Ohio River
Ohio Southern
.
4thwkMay
May...
Oregon Imp. Co March
Oreg.R.&N.Co. April.
Pennsylvania... April
PeoriaDec.&Ev.
Phila. & Erie
Phila. & Read’g.
Coal & Iron Co.
Tot. both Co’s..
Pitts. & West’m.
2d wk Apr
830,585805.004
191,604
611,143
1,967,408
29,221
16,120'
592,885
738,454;
65,056 1,603,001 1,496,207
878,491
108,64S|
1,093,25$
369,775
397,622
23,637,
113,552
398,411
496,834
193,667*
974.083
997,924
232,263
222,720! 1,009,037
960,008
10,536
51.589
10,261!
52,965
77,934
73,567
253,537
235,529
2,824,84412,8" 7,020 13,726,417 13,878,111
2,112,656 2,048,997 8,181,533! 7,982,027
410,325
411,353 1,567,257] 1,563,752
16,646
17,351
47.538
40,468
532.384
605,156
49,620
41,877
161.384
175,961
106,381! 107,171
448,926
402,646
67,019; 1,928,290 1,518,337
81,659]
42,308
54,109
210,559
248,686
486,614
513,560, 1,819.887 2,031,519
579,202i 384,271! 5,818,823 4,298,051
76,510 1,444,494 1,593,400
65,705;
9,437
37,179!
466,440'
478.053j
7,398
36,840
299,916
437,548
149, *67
235,279
1,194,064
1,754,631
11.3751
102,174
232,790
795,857
1,409,750
13,173
1,102,323 1,158.380
5,449,225 6,600,505
2,912,909 4,643,928
8,362,125 11,244,433
329,481; 314,531
1,833,320] 1,751,844
‘April
April
April
April
4thwk May
1,217,994! 1,204,578
3,051,3 L4,2,956,422
720,648
45,707
19,196
57,918
20,378
18,498
46,641
•
17,219
46,005
135,255
122,677
769,641
129,710
109,299
175,367
170,016
79,850
70,775
1,956,988
1,684,138
30,300
12,200
30,150
12,075
674,107
373.288
4.500
12,875
2,600
254,937
267,279
42,643
4thwk May
4,600
12,875
1,900
1,500
602.403
327,987
219,556
269,110
800
40.987
4th wk May
143,225
133,775
237,986
46,847
24,273
56,103
3,610,2 9
939,673
4t,li wkMay
4thwkMay
ithwk May
4tkwk May
4th wk May
4tliwk May
251,507
RomeW. &Og.. April
TfSt.L.Alt. &T.H. 4thwkMay
Branches
4tliwk May
St.L. Ark. & Tex 4th wkMay
St. L. & San Fran. 4th wk May
St. Paul & Duluth 4 th wkMay
St.P.Min.&Man. May
S.Ant.&Ar.Pass. 3d wk May
49,191
19,720
69,504
142,701
45,995
743,455
21,975
48,v69
Scioto Valley— April
Seab’rd & Roan. April
Seattle L S.& E May
57,868
12.6*3
Shenandoah Val. April
South Carolina.. April
So. Pacific Co.—
Gal.Har.&S.A. April
Louis’a Weft..
April
Morgan’s L&T. April
38,715
17,701
3,159,610
878,323
778.526
362.076
798,938
361.404
146,659
48.285
1,019,0 0
2,060.592
471,567
2,249.132
508.405
572,517
3,327,979
2,833,038
827,233
338,681
53,6*87
49,698
207,757
231,789
228,213
192.456
256! 78 9
401,590
65,000
76,294
*6 5]6*8*8
244,562!
74,791
458,9921
316,094
75,960
413,022
276,943
1,255,064
61,512
300,384;
975,183
242,877
1,784,462! 1,314,848
316,894
March
47.527
32,092!
15,648
95,597
362,584
451,071
110,820
924,551 766,594! 3,826.069 2,943,017
2,827,054 2,270,408 7,700,927 5,602,092
March
3,892,890 3,035,814
N. Y.T. &Mex.
April
Tex. &N. Orl..
Atlan’c system
Pacific system
Total of all..
So. Pac. RRNo. Div. (Cal.)
So. Div. (Cal.)
Arizona Div
New Mex. Div
April
April
.
6,156,93$
4,650,04514,342,834 17,750,040 16,593,826
P’rtRoyal &Aug. April
Pt. R’al&W.Car. April
Rich. & Allegh’y. April
R&W.P.Ter. CoRich. & Danv
Va. Mid. Div..
C. C. & A. Div.
Col. & Gr. Div.
West. N. C. Div
W. O. & W.Div.
Ash. & Sp. Div.
Total all....
30.445
102.4161
212,502
..
$
398,024
34,654
N.Y.&NewEng April
Gross
Latest
Memphis &Clias. 3d wk May
$
415,945
8,655
138,910
March
March
589,049
204,750
102,333
5,947
76,991
102,692
148,101
16,393
March
March
10,602,446^
7,778,515
369.866]
335,815
799,254
604,956
417,890
175,345
24,071
141,261
255,763
171,948
74,636
3,521
1,547,821!
279,576i
35,498!
Spar. Uu. &Col. April
258.323
75,274
Ti M.y
Summit Branch April
479,298
101,458
Texas & Pacific. 4tnwkMay
103,834 2,421,185
9,596
243,089
Tol.A.A.&N.M’h 4thwkMay
23,177
469,765
Tol. & Ohio Cent. 4th wk May
34,8 >2
24,726
347,179
Tol. P. & West.. 4thwkMay
20,963
Union Pacific... April
2,539,243 2,342,155 8,698,120
52,156
54,038
2ol,373
Valley of Ohio.. April
169,198 2,101,743
Wab. Western... 4thwkMay
161,283
500,62 i
595,164 1,385,277
Wab., E. of Miss March...
165,515
31,372
Western of Ala.. April
29,406
64,400 1,117,229
WestN. Y.&Pa ttn wkMay
77,700
100,372
387,543
tWest Jersey...
114,901
ipril
171,682
30,328
W.V.Cen.&Pitts. April
52,297
360.148
18,859
22,347
Wheeling & L. E. 4th wkMay
52,149
292,419
Wil. Col. & Aug April..,..
55,704
102,327 1,362,591
aWisconsin Cen ithwk May
100,634
t And branches.
* Mexican currency.
II Including Indianapolis A St. Louis.
Staten Is.Rap.
All lines included.
t Construction earnings
253,289
363,748
2,220,204
198,010
391,927
362,118
8,326.787
198,083
2.379,972
1,517,149
154,677
1,007,372
355.457
109,093
291,532
257,203
1,310,974
a
in April $731, against $13,361 last year.
Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
Latest
as
Gross
Earnings by
follows:
Returns of
earnings continue very favorable, the gain for
the fourth week of May on 59 roads reaching 1015 per cent.
For the full month 74 roads have reported, with earnings of
$22,883,655 this year, against $21,746,397 last year, the in¬
beiog $1,137,258, or 5*23 per cent.
crease
4ih week of
1888.
May.
$
63,763
53,748
14,625
Atlantic & Pacific
!
B itfalo Rocb. & Pittsburg.'
Cairo Vin. & Chic.
I
California Southern
-
Canadian Pacific
Central of Iowa
Chicago & Atlantic
I’ Chicago & East. Coal
Ills
Chicago & Ind.
38.315
-...]
!
!
:
Chicago Mil. & St. Paul...1
317,000
30,014
63,736
4 »,->73
1 3,2 40
628,500
1887.
Increase.
$
$
Decrease.
68,317
4,554
60,160
18,169
29,238
6,412
3,544
9,077
301,000
16.000
26 086
41,303
3,928
17,054
4,27..
8.070
5,170
46,682
647,890!
19,390
4th week of
Chicago & West Mich
Cincinnati Jack. A Mack.
Cin. Wash. A. Balt
Col. A Cin. Midland
Col. Hock. Val. & Tol
Denver & Rio Grande....
Detroit Lans. & North ...
Evansville A Indianap...
Evansville & T. H
27,430
6,674
2 *,583
67,294
27.140
17,351
47,538
81,659
579,202
65,705
9.437
30,300
12.200
4,60*>!
1.900*
1,500
49,191
19,720
69,501
142,701
45,995
148,101
16,393
34,89 •
20,963
795,857.
134,624
138,910
141,261
55,865
58,162
369,866
127,342
108,686
589,049
255,763
19,971
171,948
.Gross.
Net...
177,931
204,750
66.471
102,333
33,614
Net...
6,808
7 05
N et;..
77,934
27,198
191,931
.Gross.
83,761
Net...
28,317
New
10,805
-
.Gross.
Brunswick
Tol. A Ohio
Central.
2,039
12,211
125
4,500
100
*
*
Georgia Pacific
sOOl
700
40,8 17
24,273
56,103
146,659
48,285
2,344
i3,40i
103,834
44,207
.Gross.
$
85,571
Net...
27,091
28,871
100,631
102,327
Oregon Imp.
Co
.
G ross.
Net...
3,763
7,915
13,300
3,488
1,693
124,093
552,469
April 30.->
r
1886-7.
$
710,066
773,035
161,267
251,397
r-July 1 to Apt. 30,-s
1886-7.
1887-8.
SB
$
707,604
237,618
665,G28
989,314
366,680
800,437
181,487
281,484
April 30.-%
1886-7.
1887-8.
$
SB
212,672
033,808
227,984
r-D*c. 1 to
Mch. 31.--%
808,174
1886-7.
1887-8.
$
SB
SB
466.440
$
299,916
1,545,271
66/5*2
73,707
247,111
3,958
6.797
11,715
x
1887.
1888.
428,376
.
March.
,
1,000,327
179,118
^c.r'ORTS.
ANNUAL.
2,290
22,317
77,700
4,553
-
SB
94.37*2
Company.
175,345
71,509
SB
<—Oc. 1 to
1887.
700
2.600i
27,o82
73,263
18,999
1888.
Road.
*
73,567
April.
/—
>
150
9,596'
23.177
$
14,6 40
7,070
x
1887.
1888.
$
Road.
431,959
604,956
179,755
279,576
93,717
1887-8.
$
50,022
1,664
April.
„
19,920
799,254
174,346
417,890
169,904
1,547,821
>—Mav 1 to
v
1887.
54,552
12,030
A Chic.. .Gross.
45,365
1 O 07-^
74,636
35,486
335,815
FISCAL YEAR.
Road.
Cairo Vine.
•
9,07
80,992
1888.
17.319
...
*
—April,
/
1
■Wet increase (10 15p. c)
171,338
MONTH AND
...
'
-
1,194,064
New Mexico Div.. .Gross.
Net...
864
SB
73,707
.Gross.
Net...
(Cal.)
1887,
SB
299,916
Arizona Division.. .Gross.
Net...
_
4,691
17,921
7,165
4,646,780 4,218,404
Total (59 roads)
So. Div.
1888.
—
6,243
3,379
7,142
2,118
24,726
169,198
64,4 00
18,859
161.283
Wheeling A Lake Erie....
Wisconsin Central
RR.
r-Jan. 1 to March 31-%
x
466,440
66,652
12.875
12 875
...
....
2,487
45,707
70,775
3u,150
79,850
Wabash Western
Western N. Y. A Penn
31
.......
7,398
-
57,918
..
Southern Pacific
No. Div. (Cal.)
1,430
4,551
44.817
20,368
398,024
59,866
33,938
135,328
108,648
23,637
16,646
40,408
67,019
384,271
76,5 lw
415,945
67,031
51,257
180,693
88,728
30,445
.Gross.
Net...
Oregon Imp. Co
23,700
5,3 41
4,702
5,930
51,9-9
22.486
Richmond A Danville
Virginia Mid. Div
Char. C. A A. Div
Col. A Gr. Div
West North Car. Div
Wash. O. A W. Div
Ash. A Spar. Div
1St. L. Alt.AT. II ,M. L ...
8t. L. Alt.A T.H..branches
St. Louis Ark. A Texas...
8t. Louis A Sail Frau
St. Paul A Duluth
Texas A Pacific
Toledo A. A. A No. Mich..
Toledo A Ohio Central
Tol. Peoria A Western
$
21.004
20.140
10,945
Mexican Central
Milwaukee L. 8h. A West.
Milwaukee A Northern...
New York A Northern
New York Ont. A West...
Norfolk A Western
Northern Pacific
Ohio A Mississippi
Chio River
Pittsburg A Western
Roads.
30,048
40,463
206,700
32,771
5,244
20,552
71.985
24,653
183.000
■Georgia Pacific
Kanawha & Ohio
Kingston & Pembroke ...
Lake Erie & Western ....
Louisv Evans. A St. L...
Louisvil e A Nashville ...
Louisville N. A,b A Chic.
Louisville N. O A Texas.
6,933
4.-80
•
34.715
.*■4,151
11,313
70,511
Elint A Pere Marquette..
Florida Ry. & Nav.
10,785
51,697
$
4,027
3,595
2,454
$
$
38.742
14.380
■March.
1887.
1888.
JB
SB •
Decrease.
Increase.
1887.
1888.
May.
[Vol. XLVI.
CHRONICLE.
THE
786
Chicago Rock Island & Pacific Railway.
(For the year ending March 31, 1888%)\
The annual report just to hand shows that after paying all
charges and dividends the company had a d ficitthe past year
of |258,247, compared with a surplus in the previous year
on
$311,703. In the income account for 1887-38 the
bunds sold, $844,0 >0, is included, thus making the deficit ap¬
premium
of
$585,753.
proceeds of the sale of $21,960,000
Net Earnings Monthly to Latest Dates.—The tables follow¬
bonds, and bond certificates, have
ing show the latest net earnings reported this week, the been used in building extensions of this company’s system of
railway lines, viz : The Wisconsin Minnesota & Pacific Rail¬
returns for each road being published here as soon as received
way, the Saint Joseph & Iowa Railroad, the Chicago Kansas
but not kept standing from week to week.
The first state¬ & Nebraska Railway.
t Including
pear as a surplus of
Toe report says: “The
of five per ceot extension
Indianai»olis A St. Louis.
.
for the latest month and from Janu¬
“The entire is ue of the six p?r cent first mortgage bonds,
1, 1888; following that we give the totals for the fiscal $21,960,000, of above companies, and also a majority
capital stock of the same, are owned by this company,
year on those companies whose fiscal year does not correspond are held
by trustee as security for our issue of five per
with the calendar year.
Extension and Collateral bonds.
ment includes all roads
of the
and
cent
ary
YEAR.
r-Jan. 1 to April 30.-%
x
1887.
1888.
1887.
$
$
$
MONTH AND CALENDAR
April
•
1888.
SB
Roads.
AtchisonT. A S. Fe..Gross. 1,205,350 1,684,358
Net...
240,605 788,402
50,022
54,552
Cairo Vine. A Chic...Gross.
1,664
12,030
987,349
Central of N. Jersey.Gri>ss. 1,006,326
483,354
Net...
451,513
127,364
140,917
Clies. O. A Soutliw’n. Gross.
37,163
Net...
45,105
207,742
127,987
Chic. Burl. A North’ll Gross.
19,922
Net... def. 2,780
4
1,703,S4
2,197,899
Chicago Burl. A Quin.Gross.
910,131
Net...
154,681
565,733
567,778
Clove. Col. Cin. A Ind.Gross.
Net...
111,829
128,946
85,571
94,372
Georgia Pacific
Gross.
28 871
Ntt...
27,091
113.552
102,416
Minn. A St. Louis
Gross.
14,219
Net...
21,906
73,567
77,934
Now Brunswick
G ross.
27,082
Net...
27,198
33.181
20,864
Ohio River
Gross.
5,926
Net...
13,328
Net...
...
129.297
77,774
437,548
175,184
Gross.
478,053
141,273
48,869
Net...
6,714
Southern Pacific Co.—
Galv. Har. A San A .Gross.
Net...
Louisiana Western.Gross.
Net...
Oregon Imp. Co
Net...
Oreg. Ry. A Nav. Co.Gross.
Net...
Scioto Valley
3,373.843
1,436,435
618,068
549,969
195,273
475,269
def.2,098
197,114
6,272,845
8 983.201
8 5,155
2,307.626
566,513
416,971
90,282
398,411
61,553
253,537
67,196
114,139
42/03
300,635
1.754,631
43,539
829,245
205,765
4,266,328
2,328,629
684,231
351,862
103,787
496,834
117, 09
235,529
35,411
72,579
It,725
212.399
1,409,750
471,389
276.943
1,2'.5,06 4
.82,457
20,102
304,983
975,183
28.10U
75.960
61,512
20,911
303,38 4
242,877
146,067
97/99
316,894
53,936
1,784,462
543,944
32,092
def.22,990
451,071
123,156
1 314,848
231,789
150,706
128,232
3,826,069
1,095,159
73,263
374.889
315,790
18,999
28,317
Gross. 2,539,243 2 ,342,155
846,350
Net... 1,116.683
139,211
111,014
924,551
251,453
83.761
Gross.
1888.
$
Roads.
Gross.
Net...
15.64 8
1,694
95,597
31,588
766,594
March.
/
3,678.724
1,538,131
316/94
110,8*20
29,275
Gross.
"Tol. A Ohio Central ..Gross.
Net...
Central Pacific
222.052
2,833,751
47,527
def 0, i42
362,584
139,888
2,943,017
409,552
Net...
Union Pacific
220,537
53,546
53,687
37,149
Net...
Total Atlantic Sys..
5,996.041
535,724
20-,757
37,168
Morgan’s La. A Tex.Gross. 413,022
Ntt...
106,994
8/55
N. Y. Texas A Mex.Gross.
Net,.. def.4,4 22
Texas A N. O
4,579,194
1,201,168
x
1887.
$
1,22.8,948 1,115,960
470,788
505,300
8.098,1 20
8,326,787
3,170,911 2,816,080
,—Jan. 1 to Mar. 31.—
18*8.
1887.
fB
$
3,414,242
2,635.363
1,269,903
1,061,043
with the previous year
the year ending March
31, 1887, was 2 323-1,000 cents, and for the year ending March
31, 1888, it was 2 336-1,000 cents.
Freight earnings for the year increased $763,901, or 9 5-10
per cent. The revenue from through freight (freight delivered
to or received from connecting lines) inc re wed $524,895, or
11 4-10 per cent, and the revenue from local freight increased
Passenger
earnings in comparison
61-100 per cent.
show an increase of $391,585, or 12
The rate per passenger per mile for
$239,006, or 6 96 100 per
cent.
CHICAGO KANSAS &
NEBRASKA RAILWAY |
was
of $15,000,000, which under an
Chicago Kansas & Neurosis* Railway Company
organized under the laws of the State of K tnsas,
The
Mtrch 17,
capital stock
dated June 8, 1887, was increased to
$30,000,000. The bonded indebtedne-s of the company is
the rate of $15,000 p^r mile for 1.030 md s of comol-ted road,
and for equipment $2,550,000, being amount actually
for locomotives, cars, &c., or at the ra<e of $5,000 per mile for
510 miles of road, the whole issue aggregating $18,000,000 6
per cent first mortgage gold bonds.
All of tnese
1886, with a
amended
charter,
at
expended
'
bonds, toge¬
iny—with the
conveyed municipali¬
bonds voted—is
security for advances
1888, to $21,185,for terminal
facilities at Kansas City, Mo. Track laying began Ojt. 1, 1886,
and 1,113 miles of road, including 67 2-10 miles leased, was in
operation March 31, 1888.
The statistics of operations, eamines, charges, &o., and the*
balance sh< efc, of the C. R. I & P. RR. for four years, have
entire capital stock of the comp
exception of small am iunts of stock
to
ties along its line, in consideration of aid
pledged to the C. R. I. & P. Rv. Co. as
male by s lid company, amounting. March 31,
734, which amount includes $816 423 expended
ther with the
been
compiled for the Chronicle as
1883-84.
follows:
1881-85.
1885-86.
1886-87.
1,384
1,384
1,527
Sf>
SB
3,121,607 3,517,624 3,720,334
Passengers carried.
Passenger mileage.. 12 \618.23 5 129,20-<,401133,091,642 142,578,651
R*te per pass.p.mile
2*466 cts. 2*420 ets. 2*328 cts. 2*336 cts.
Freight (fnn) carried
3/80,502 3.873,605 4.1-0,109 4,970,496
Freight (tons) mile.*. 780,944 261 719,972,565 793.824,454 941,661,006
A v.rate p.ton p mile
1*01SBeta.
1*%;4 cts.
1*07 ets.
0*93$ cts.-—
Earnings—
$
$
3.097,916
3,439,501
Pa senger
3,023,834 3,127.258 8,0 <7,453 8,801,354
Freight....
8.144.142 7,711,659
1.213,872
Mail.expr’s.r’nts.Ao
1.Q38.8S5 1,1h3,»31 1,183,681
12,319,050
13,509,727
To‘algross earns. 12,^06,911 12,004,348
Miles owned A oper.
Opealions—
1,384
$
2,848,900
’Company’s freight not included.
9, 1883.]
June
1885-6.
$
1884-5.
$
Opera ting expen's— 1,391,554
Maint. of way, &c .
719,m3 L
Mainr. of equipm’fc
4.3V9.28 4
Transp’rt’n exp’ses.
1887-8.
$
1,058.784
1,896,678
1,2*<0,533
4,897.479
355,948
1.044,913
1,054,517
4,032.704
3,046.749
391.871
359,553
304,858
373,550
311,422
Total
7,160,324
7,166.893
7,504,809
8,742,030
earnings
5,046,587
58-65
*
Miscellaneous T
w
1,414,203
1886-7.
$
294,607
355,549
Taxes
4,837,455 4,814,241 4,767,667
59 70
60 92
64*71
f Includes lost and damaged goods, &c.; iDjnries to persons, cattle
killed, &c.; repairs of telegraph; contingent account; legal expenses, <fcc
Net
P.c.of op.ex.to earn. ^
INCOME
1883-4.
Receipts—
Net earnings. .
From land departing
lilt, from prop,
Prem. on 5
$
5.046,587
330,000
ACCOUNT.
1884-5.
$
4,767,667
4,814,240
4,837,455
220,uOO
193,170
844,000
230,000
310,000
Total income
TRsbursements—
leased roads
debt
..
Interest on
Dividends
Bate per cent
Add’n and imp.
Miscellaneous*
5,376,587
5,147,455
$
301,121
$
301,995
acc’t.
Total disbursements.
1,320,667
2,937,186
463,000
164,784
170,922
206,388
5,080,215
4,732,537
311,703
5,439,084
585,753
67,240
97,186
surplus....
Includes rental and tolls Mo. River Bridge.
GENERAL BALANCE AT
Assets—*
1981-5.
1885-6.
$
$
RR.,bldgs.,equip.,&c. 60.076,755 60,366,236
10,233,418
gtks & bds. ow’d,o< st. 7,974,389
Advan. to C.K. &, Neb.
i..
356.280
Materials, fuel, &c...
342,067 1,728,340
Cash & cash
items...
8.660,058
7,786,242
Total assets
70,717,482
liabilities—
$
41,960,000
Stock, common
Bonded debt
20,500.000
Addit’n & imp. acc’r.. 7,75 0,000
Accounts payable....
30,199
Unused premiums ..
Profit bal. ino. aec’t..
477,283
72.684,274
Mail, express and miscellaneous...
Total
Operating expenses and taxes
685,452
7
85,767
2,739,690
81,743.113 99,245,346
$
$
$
41,960,000 41,900,000 46,156,000
21.460,000 .29,360,000 14L.46 >,000
8,213,< 00
8,213,000
8,2 L3,000
1,954,366
769,036
506,751
2',0u0
564.850
1,441,980
856,227
514.523
$199,03T
Net earnings
In
635,884.
67,94k
.$694,892
670,161
$740,654
661,379
$902,862^
*773,546
$24,731
$79,275
$129,316
.
.
addition, $170,766 were
not included here.
spent for renewals, betterments,
&c.,ani!
INCOME ACCOUNT.
1886.
1887.
$24,731
$79,275
$129,316
.$398,540
Interest on debt
19.109
Interest on car trusts
8.969
Interest on receiver’s certificates..
32,850
Rental of equipment
28,203
Interest and discount
$398,540
$420,145
1885.
.
Charges—
Note.—The above income
charges for the entire year.
17,373
42,142
5,227
23,409
24,625-
13,725
2,783
122,028
$501,397
$476,666
$489,717
$110,542
$603,156
$473,840
worthless
Deficit for year
12,786
18,345
5 465
.
Total...
61,712,757
12,821.397
21,185,735
3,731.981
2,324,271
*
$
$
$196,613
461,358
82,683
.
1886-7.
60,879,3S0
1897.
255
400,848
95,538
.
Extraordinary expenses,
accounts, &c
FISCAL YEAR.
1887-8.
CLOSE OF EACH
.$198,506
Net earnings
750,000
1Q86.
255
255
..
7
196,344
5,279,401
operated
Earnings from—
Miles
3,010,518
7
7
Balance,
*
303,762
2,937,186
7
411,400
3,810,776
EXPENSES.
1885.
*
$
$
1,213,250
1,094,750
2,937,186
EARNINGS AND
6,024,837
5,044,240
of the
equipment and roadway, and extraor¬
dinary renewals and betterments in the way of new irort
bridges, steel rails and fastenings, cross-ties, bridge lumber,
&c.
These disbursements have materially improved the>
physical condition of the property.
extensive repairs to
Freight
$
$
general improvement in business,,
to the*
gross earnings, due to the
and the further development of the territory tributary
road. The expenses continue heavy, in consequence
Passengers
1886-7.
1885-6.
roads
p.c.bonds.
Bent
73T
THE CHRONICLE
full intercs*- and aTl
Deo. 31, 1887, was
account embraces
The total deficit
to
$2,275,097.
Columbus & Hocking
Coal & Iron Company.
(For the year ending March 31, 1888. J
The annual report says that while in the main the business
of the company has been good and prices of coal well main¬
tained, operations have been badly crippled for the lack of
railroad equipment. For the year ending March 31,
shipments of the company w ere 957,483
99.245,346 tons,
81,743,113
72,684,274
there
should
have been shipp-d from the mines of
and
Total liabilities... 70,717,492
the company during the past year fuily 1,100,000 tons; but the
Southwestern bonds guaranteed.
I Includes $5,000,000 CLieago &
company actually shipped 690,563 tons.
The reason for this
South Carolina Railway.
falling off in tonnage does not lie within the comp tny, but has
been owing wholly to the lack of proper railroad facilities.
(For the year ending December 31, 1887.^
For the above reason, the No. 15 and No. 29 mines of the com¬
The annual report for 1887 says: “ Toe earnings of the com¬ pany have been closed, and in order to place ihe company in
pany for the last nine months of the year were in excess of a more independent position, tht No. 3 mine, located upon the
those for the corresponding period of any year sinoe 1883, and Baltimore & Onio Railroad, has been equipped for a large
the deficiency for the year was caused by the very small earn¬ capacity, and they expect within a short period a monthly
ings of January, February and March, which were the lowest output from that mine of 30,000 tons.
since the p esent company was organized.
The earnings for
On improvement accourt there has been spent upon the
this period in 1888 promise to nearly equal those of 1883, which Droperty for repairs and improvements during the year
were much the largest this company has had.
The expenses, $37,751, which amount has been charged to tho operating
while much less than in the exceptional year of 1886, have
expense of the company, although a considerable part of it
been greater than in any previous year, and the increase has
could legitimately be counted as improvement.
been entirely due to the much larger amount of tonnage
INCOME ACCOUNT FOR YEAR ENDING MARCH 31, 1889.
transported.” * * *
$1,346,336
The expense of maintaining and repairing the road way and Earnings
1,154,423
Operating expenses
equipment for the p ist six years has aggregated $2,047,525,
Net
$191,912
receipts
averaging $341,254 per annum. For 1837 it amounted to $331,483.” * * *
Disposed of as follows:—
‘‘During the year the bonds outstanding prior in lien to the Interest on bonds
$60,000
first consolidated mortgage bonds have been reduced to $302,- Taxes
12,000
5.278
548, of which $3,000 are not due until July, 1907, and $178,000 Improvements of Greendale Furnace
4,410 81,718
have been extended at 5 per cent until January 1, 1892. The Improvements of Mine No. 3....
remainder will be paid and canceled.”
The following tables for four years have been compiled for
Surplus fortlic year
$110,193
proper
1887, the total coal
“
the Chronicle
Operations—
:
OPERATIONS AND FISCAL RESULTS.
1886.
1885.
1884.
$
$
$
385,999
377,850
390.257
Freight (tons) moved.
Freight (tons) mil’gc. 42,831.613 40,0.*1.676 39,114,996
2-03 cts.
2-04 cts.
Av. rate
ton
mile.
Pass
Freight
Mail, express, &c
59,664
Total gross earnings..
Total operating exp’s.
1,233,292
1,151,840
......
P.c. of op. ex. to earns
1887.
$
469,548
45,840,503
1*95
(*
tS.
781,181
54,674
$
282,316
872,715
62,361
$
$
279,143
815,975
56,722
279,769
893.859
nge’r
Net earnings
2-12 cts.
$
Earmnq i—
GENERAL BALANCE
28 4.205
85u,5o8
823.684
1,120,060
982,656
1,217,392
902,523
382,724
328,157
71*51
137,404
87*73
314,869
68-96
Real
$
382,724
5.880
Net earnings
Other receipts
Total net income...
vseTfi
ts
Interest on debt
382,722
252
Miscellaneous
Total disbursem’ts..
Balance
388,604
382,974
sur. 5,630
1886.
1885.
1884.
$
328,156
30,271
$
137,404
22,454
159,853
_
Shenandoah Valley
Railroad.
(For the year ended December 31, 1857.^
The report of Mr. Sidney F. Tyler, receiver, states that owing
to the heavy extraordinary expenditures for renewal* and bet¬
terments. it has b en deemed wise to separate the ordinary f»om
the extraordinary expenses. There h&B been a large increase in
advanced
...
American coal company
North western docks ...
321,257
30.565
120,018
244.973
54,007
31,727
10,964
60,047
First mortgage Loads..
Bills payable
Accounts payable
$4,700,000
1,000,000
54,000
85,487
$5,839,487
Balance of income
count
ac¬
$ 133,755>
$5,973,243
GENERAL
INVESTMENT NEWS.
-
$
314,869
5,814
320,683
386,437
374,524
389,643
8,020
813
1,993
382,544
387,250
391,641
def. 24.117 def. 227,392 def. 70,958
358,427
$5,099,682
Osh
Bills receivable
Accounts receivable...
RR. account* receivable
Royalties
Capital stock
im¬
Inventory
74-16
1887.
and
provements
INCOME ACCOUNT.
Receipts—
ostate
SHEET.
Liabilities.
Resources.
Central
Pacific.—The earnings, expenses and fixed charges
1 to March 31, were as follows*
1,382 last year.
r-Jan. 1 to March 31.—*
March.
>
for March, and from January
The mileage is 1,410, against
,
1888.
Grogs
1887.
$1,228,948 $1,115,900
earnings
..
758,160
610,660
$505,300
Rental leased lines....
$470,788
1,043
Operating expenses
Net earnings.
Net income
Fixed charges*
Net
profits
Includes interest,
dues.
*
.
$471,831
414,645
$57,186
rentals, additions and
1888.
1887.
$3,414,242 $2,635,303
1,574,320
$1,269,903 $1,061,043
2,144,339
3,131
$1,273,034
1,239,954
$33,080
betterments, taxes and U.
738
THE
CHRONICLE.
Chesapeake & IMa * are Canal.—At the annual meeting
of the Cnet-apeake & Delaware Canal Company, the following
financial statement was pre ented :
Receipts <1 urine tlie
year endiue May 31,1888, from tolls.
$190,089
Receipts during the year ending May 31, 1880, from other
—
sources
6.242
'
Expenses of maintenance of canal
Interest
on
54.206
$142,125
130,147
mortgage loan ($2,602,950) at 5 per cent
Leaving
a
$196 331
surplus of
$11,978
.
[Vol. XLVI.
operating expenses for
timated gross earnings
that period, and a statement of its es¬
from April 1 to date.
From these it
appeared that the gro s earnings since January 1 show a uniform and continual decrease from those of the
same time
duting the previous year, and that the net earnings so far as
ascertained fell far short of the interest on the
company’s
bonded indebtedness which accrued
during the months for
which the net results
were
ascertained.
Amt. Ini-
Amt. bonds.
Merriam Junction to Albert Lea
Iowa Extension
$
Southwestern Extension
due Juntl
950 000
1,015,000
$33 250
35,525
22,260
636,000
21,978.
Chicago & Northwestern.—The annual meeting was held
in Chicago, June 7.
The fiscal year ends May 31, and the
annual report
is never published before August. A brief
summary of the approximate results is given in the
press dispatches.
Messrs. A. G. Dulman, David P. Kimball,
Chauncey M. Depew, Samuel F. Barger, Albert Keep and M.
L. Sykes were re-elected directors for a term of three
years.
The following officers were unanimously elected: Albert Keep,
Chairman of the board of directors: Marvin Hughitt, Presi¬
dent; M. L. Sykes, Vice President, Treasurer and Secret-iry;
J. B. Redtield, Assistant Stcretary and Assistant Treasurer;
S. O. Howe, Assistant-Stcreiary and Assistant T»easurer in
New York; Executive Committee—Albert
Keep, M. Hughitt,
W. L. Scott, A. G. Dulman, C. M. Dcpew, H. McK. Twombley, Samuel F. Barger, David P. Kimball.
For the year ending May 31,1888 (May being partly esti¬
mated), the gross earnings were $26,697,105; operating ex¬
penses, $15,996,687; taxes, $757,799; net earningp, $9 942,618;
interest on bonds, $5 244,428, and sinking fund, $58,000, leav¬
ing net receipts of $4,640,190. Dividends on stock amounted
to $3,444,504, leaving a surplus of $1,195,686
To this is added
the surplus of the lines west of the Missouri River, $172 220,
and net receipts from land grants and town lot sales,
$467,884,
making a total of $1,835,790. The board of directors declared
the usual dividend, 3 per cent semi-annual on common
stock and 1% quarterly on preferred stock.
Cleveland Columbus Cincinnati & Indianapolis.—The
following statement shows the earnings, expenses, charges,
&c. (including the Cincinnati & Springfield and
Indianapolis
& St. Louie) for the month of April, and for four mouths.
April.
Gross
earnings
Operating expenses.
Net earnings
$567,778
425,949
,—Jan. 1 to April 30.—.
s
1888.
1887.
-
1888.
$565,733
436,787
1887.
$2,307,625
-
1,741,113
$2,328,* 29
1,644,398
Interest, taxes, &c...
$141,829
158,350
$128,946
170,750
$566,512
633,286
$684,231
684,514
Balance, delieit....
Additions to prop’ty.
$16,521
18,520
$41,804
57,570
$66,774
74,155
$2-3
339,712
$35,011
$99,374
$140,929
$339,995
Deficit...
Colorado Midland.—The board of directors of the Colo¬
Railway Company has elected as President, John
Scott, formeily President and General Manager of the Queen
rado Midland
d Crescent Route.
He succeeds J. J.
signed on account of ill health.
ai
Hagerman, who
re¬
Dayton Fort Wayne & Chicago.—At Dayton, Ohio, June 5,
am ual meeting of the stockholders of the
Dayton Fort
Wayne & Chicago R( ad, the following dir. ctors were chosen:
at the
Nelson Cromwell of New York, George C. Comstock of New
York, George C. Wattles of New York, John C. Combs of
Boston, George W. Hoadley of New York, Alfred Jaretzki of
York, Eugene Zimmerman of Cincinnati, Judson Harmen of Cincinnati, R. D. Marshall of
Dayton, Richard Folsom
of Cincinnaii, T. E. Burton of Cleveland, F. H. Short of Cin¬
cinnati and Julius Dexter of Cincinnati. The board
organ¬
ized by selecting Eugene Zimmerman of Cincinnati President
New
and Alfred Jaretzai of New York
Denver & Bio Grande.—The
Secretary.
-
board of the Denver &
Rio Grande Railroad directors has organized
by electing Mr.
new
George Coppell Chairman, D. H. Moffatt President
Minturn Vice President,
ferred stockholders was
Action
on
a
and R B.
dividend for the pre¬
postponed, because the company has
involving large expenditures for standardgauging, &c., these changes being considered absolutely neces¬
sary for the protection of its bueiness.
Mineral Range.—The Mineral Range Railroad has
passed
made contracts
into
a receiver’s hands for the non
payment of the first mort¬
gage bonds, amounting to $200,000, which matured June
1,
with interest for one year.
This is a narrow guage road run¬
ning from Hancock to C alumet. Its traffic is local. It was
secured two years ago by Henry S. Ives.
This default does
not
affect the Hancock & Calumet Railroad.
Wright is the receiver.
Minneapolis & St. Louis.—In
Charles
A.
a circular addreFsrd to the
bondholders of this railway company, the
President, Mr. W.
H. Truesdale, says in regard to the default on June 1:
“Atameeiing of the board of directors of the Minneapo¬
lis & St. Louis Railway
Company, held on the 24th of May, the
President submitted a r» port of the operations of the
company
from January 1 to March 31, 1888,
covering its earnings and
It
evident from this that to meet the coupons
falling due
June 1 the company would have to borrow the entire
sum of
money necessary for that purpose.”
* * * * *
“They were notified that coupons on the following issues of
the bonds of this company falling due June 1 would not
be
was
Chicago & Eastern Illinois.—For the six months ended
December 31. 1887, gross earnings were $1,126,643; operating
expenses, $644,72^, and net earnings, $481,916.
paid :
Chicago & Indiana Coal.—The gross receipts from traffic
Firstmortgage—
and investment for the year ending December 31, 1887, were
$513,700; operating expenses and fixed charges, $452,747; surlus, $60,953; dividend,
per cent on preferred stock,
That the months of
April and May would undoubtedly show similar results.
$91,035
*
“
*
The company
published in November last a state¬
earnings and expenses to June 30, D87.
The fol¬
lowing will show the result of its operations since that time
so far a* the
figures are made up:
ment of its
June 30 to December 31—
Earnings
Expenses and taxes
Net
Decrease
January 1 to March 31—
Earnings
•_
Expenses and taxes
Net
Decrease
April 1 to May 21
1887.
1886.
$762,418
$861,819
503,307
524,299
$259,111
78,438
$337,549
18 88.
1887.
$295,995
256,347
$383,281
$ 9,647
$63,502
$103,149
$172,264
$20,*05
$192,669
280,131
—
Earnings, gross, estimated
Decrease
Interest paid since January 1, 1888—
March 1, on real estate bond's
April 1, on Pacific Extension bonds
May 1, on Minneapolis & Duluth bonds
Total
The annual interest eharged on all bonds
The monthly proportion of above is
r
$3,000
41,460
9,800
.
$54,260
outstanding is
$597,440
$19,786
“It will appear by the foregoing that the net
earnings of
the company during the best six months of its business
year,
from July 1,1887, to December 31,1887, fell short of the inter¬
est accruing during that period
by the sum of $39,609, and that
since January 1, 1888, the showing is still more unfavorable
in this particular, the net earnings
being $109,712 less than the
interest accruing during the first three months of the
year.
“
The earnings during the last half of 1887 were so unsatis¬
factory that under instructions of the board the company did
pay the interest ($120,000) due January 1 on the Improve¬
ment and Equipment Ponds.”
* * *
not
After mentioning the severe weatner and the notorious war
in rates as the immediate causes for this
default, he says of the
latt-r: “ This wanton, aimless, causeless conflict covered an
extent of territory and incurred losses which cannot be esti¬
mated, but were enornr ous, and in its every feature it stands
without, a parallel in the history of railroading.”
As to the more lasting reasons, he remarks that
they are
“most sern us and far rtachiog in their effects, even threaten¬
ing the prosperity and stability of what have hitherto been
considered the most valuable railway prop.rties in the North¬
west.”
*
*
'
“
Unquestionably of these the first in importance is the over produc¬
tion of railways in the Northwest, stimulated
by the marvelously rapid
growth and development of Minnesota and Dakota during the years
1881 to 1887. To-dav there are six great trunk lines
striving for the
business passing between Chicago a d the East and South, andthe
cities of St. Paul and Minneapolis and the country
tributary to them,
which may be described as the terriiorv lying north and northwest, of a
line drawn East and West through the southern
boundary line of the
State of Minnesota.
“
In addition to the six lines mentioned, tlie
Minneapolis Sault Ste.
Marie & Atlantic Railway (“Soo” Line)
recently completed, with its
Canadian rail connections and lake connections nearEcanaba, is now
an important competitor for the traffic of this Northwestern
country.
“
But the most important factor of all in the situa ion are the lines to
to Lake Superior, from the cities of St. Paul and
Minneapolis. Thereare
two of these now and a third is under construction.
With a rail haul of
about 150 miles. i liey form connections with boat lines whose rates
to and from the seaboard are substantially the same as are made
by the
boat lines to and from Chicago ami Lake
Michigan ports, to reach which
the average rail haul of the six Chicago lin s is over four hundred miles.
Yet to-day the avowed policy of at least two of these lines is to pit
their four hundred mile haul against that of one hundred and fifty miles
to Lake Superior, and meet whatever rates on seaboard business are
made via the latter route. The result of such a
policy on these proper
ties is not difficult to forei ell.”
*
*
*
*
“Another serious menace to the railway interests Is the attitude of the
people to v* ards them as evidenced by recent legislation regulating rail¬
ways, the control thereby given railroad commissioners over rates and
revenues, and by the decisions of the courts
sustaining the legislatures
in these laws and the commissioners in their
arbitrary and unjust ruling
under them. A recent decision of the Supreme Court of Minnesota
says that the authority of its railroad commissioners in fixing reasonaide maximum rates is absolute and cannot be reviewed or
questioned
in the courts. These commissioners are appointed
by the Governor of
the State, and, as customary with all such
appointments, they area
reward for political services rendered or expected, aud it is
plain to see
liow. under these laws aud decrees, these great interests have been, are,
and always will be, handled with a view to
making the most political
capital for the party in power, with a constituem y only too ready to
hold the railway interests respons ble f *r their misfortune* or lack of
“
prosperity from whatever
c; use
they spring, whether
a
devastating
hailstorm or tlie low priee of wheat in the markets of the world.
“The present Minnesota Railroad Commission has rendered a number
of decisions adverse to the railway interests which are notoriously
fair and unreasonable.
The most charitable explanation of some of
these
rulings is, that by them they
political
or
are best serving or forwarding the
private interests of the party, or some of its prominent
leaders, to
THE
1888. J
June 9,
CHRONICLE.
■whom they are indebted for the important positions they
20,613,
29,230,
30,754,
33,445,
34,175,
35,574,
37,091,
38.774,
°°»M^nnesota
is not alone in its attitude of hostility towards its railwars
Tbe Iowa Legislature recently passed a most radical measure
regulating the railways of that State, and clothed its railroad commis¬
sioners with increased authority, in< luffing the p >wer to tix rates.
One
feature of the law being, that the rates iu any other State on any of its
railways, may be considered priina facie evidence of tbe reasonableness
of such rates a- justifying their application as the maximum rates on
the same railway within the State of Iowa. Thus emphasizing iu a most
startling manm-r ihe dauger and folly of railways making the low rates
that have been and are in effect in certain territory.
“The
Inter-State Commerce Law contains
a
41.897,
44 572,
47.234,
48.956,
51.099,
entatmn at the office of the
New York.
and the Adams committee of the general mortgage
bondholders, it was agreed in behalf of all interests that, the
Mercantile Tiust Company, as trustee, should at once begin
pany
proceedings for the
reo ganization of the company. It is un
derstood that application for the appointment of a receiver
will be ma ie within ten days before Judge Brewer at Leaven¬
worth, Km. This will not binder the proposed investigation,
and the (Jomminee, Mesprs. G Clinton Gardner, Tnomas B.
Atkins, and W. P. Robinson, accompanied by Vice-President
H. K. Enos, will Lave soon for their trip over the road.
A Ohio Indiana & Western—Indiana Bloomington & West¬
ern.—At the meeting in Indianapolis of the dire itors of the
0.1. & W. Ritlrnad. the Piesident wa* autho ized to ex* cure
mortgage and bonds in lieu of old Indiana Bloomington &
Western indebtedness.
Philadelphia & Reading.—Subscriptions to the new Read¬
ing bonds wee closed peremptorily as noon on Wednesday,
although they had r>een open only two hours, in that time
they amounted here to considerably m re than the whole
amount offered in this country and in Europe.
In regard to
the price of 87j^, at which the bonds were offered,
Mr. J. Pierpont Morgan is reported as saying that the price was relatively
above that of the B Jtimore & Ohio 5 per cent loan
recently
negotiated by his firms, and of the R >ck LI -nd 5 per cents
previously marketed.
This negotiation, he said, places the
credit of the Reading Railroad on the same plane with ihat of
those companies. The great success of the loan is of immense
value to tbe Reading Company.
Notice is given by Messrs. Drexel & Co. that the general
mortgage bonds will be paid off
overdue and accrued interest.
will be paid
on
The
July 2.
and after June 30, with all
eterling scrip, with interest,
Railroad Bonds Called in.—There have been
many
have already been drawn and
upon preen
Central Trust Co.. No. 54 Wall St.,
h:—71, 92, 107,
113, 195, 219, 230, 311. 331, 333. 354 356. 389,391, 396, 398, 411,
434. 45^, 462, 675, 689, 722, 738. 805, 834, 882.
965, 966, 1017,
1076, 108.2, 1118, 1140, 1141, 1157, 1177, 1207, 1227, 1261, 1267,
1269. 1281. 1287, 1288, 1300, 1305, 1311 1336. 1344.
1391, LOS.
1409, 1418, 1425, 1462, 1555, 1668, 1417, 169). 1717, 1900. 1923,
1970, 1981, 1984, 1995, 2001, 2032, 2040, 2'43, 2048, 2063,
2065,
2067. 2074, 2084, 2107, 2110, 2120, 2125. 2137, 2143, 2154, 2197.
Fifteen bonds of $500
each:—11, 29, 88, 102, 143, 145, 176,
198, 214, 230, 296, 329. 333, 346, 379
284 binds of $1,000 each:—9, 17. 30, 5),
61, 84, 94, 184, 207,
208, 220. 221, 238, 291, 306. 3i»7. 335, 342. 353, 405. 419, 440, 451,
486. 492, 525. 533, 580, 592 608, 625, 638. 656. 714
715, 716, 754,
762, 773, 857. 887. 895, 926. 961, 998. 1015, 1026, 1047,
1050,1072,
1082, 1097, 1149. 1153, 1217, 1234, 1304, 1435, 1447, 1448, 1471,
1507, 1539, 1551. 1560, 1609, 1653, 1717, 1758, 1767, 1782,
1786,
L23, 1881, 1883, 1893, 1911, 1952. 1963, 1972. 2096, 2134, 2152,
2175,2192,2243, 2265, 2328. 2647. 2 <66, 2369, 23M, 2386,
2420,
2425, 25"6, 2657, 2662. 2672, 2093. 2707. 2797, 2821, 2861, 2^72,
2 9o, 2939, 2947, 2977, 3001. 3 >13 3
>32, 3080, 3091, 3094, 3096,
3105 3110, 3141, 3231, 3355, 3383 8441, 3578,
3591, 3733, 3789,
3819, 3886, 3920, 3923. 393», 3990, 3991, 40(>2, 4009, 4037,
4061,
4075,4078,4145,4171,4190,4223,4233. 4235, 4250, 4266, 4272,
4292. 4344, 4379, 4397, 4405, 4408, 4436, 4450, 4187,
4490, 4495,
45i)9. 4510,4517,4520,4537,4548,4587, 4611,
4631, 4647, 4722,
4753, 4761, 4764, 4778, 4782, 4815. 4819, 4843, 4893, 4926, 4938,
4971, 4994 5040. 5041, 5044. 5064, 5120, 5128, 5148, 5155, 5201,
5215, 5256. 5257, 5290, 5320, 5326, 5337, 5352, 5368, 5398, 5403,
54 .7, 5414, 5464, 54-5, 5510, 5515
5541, 5585, 5* 46, 5669, 5710,
5728, 5739, 5757, 5767, 5777, 57*3, 5793, 5^42, 5885, 5889, 5913,
5961,6000.6019,6050,6066,6069,6125, 6138, 6199, 6308, 6327,
6334 0364. 6368, 6445, 6467, 6520, 6523. 6542,
6635, 6663, 6679,
6712. 6743, 6749. 6806, 0807, 6810, 6830, 6870, 6970, 6996,
7017,
7021,7064,7067,7112,7133,7162,7200, 7219, 7231, 7253, 7258,
7267. 7282, 7304, 7343, 7397, 7440, 7468, 7476,
7489, 7506, 7543,
7559, 7562, 7578.
St. Louis & San Francisco Railway. — Seven
per cent
equipment bonds of 1880, numbered 106, 123, 201, 244, 256, 257,
3o3, 320, 322, 884, 387, 393, 417, 456. 502, 517, 519, 541, 577, 643,
re¬
quests from Chronicle subscribers for the publication re. ularly, by their numbers, of such railroad bonds as a^e drawn
by let and noticed for payment. In compliance with these re¬
quests the list below has been prepared, including such bonds
as
34.867, 35.055, 85,228, 35,401,
36,946,
37 783, 37,956, 38,428,
38.601,
39,752, 40 057, 41.378, 41,551,
43,603, 44.053, 44,226, 44,399,
45.718, 46,759, 4-',932, 47,061,
48.261. 48,437. 48,610, 48,783,
49 944, 50.227, 50.573,
50,919,
51.781, 51,954. 52,052, 52,225,
36.427, 36,600, 36 773,
Interest will cease on and after July 1, 1888.
St. Paul Minneapolis & Manitoba Railway.—First mort¬
gage sinking fund seven per cent land grant gold bonds at 105
per cent ami accrued interest, payable out of the proceeds of
i-aies of land.
The bonds so drawn will be
ptid at the office
of John S. Kennedy, Nos. 40 and 42 Wall
Street, New York;;
interest will ce se Julv 1; 85 bonds of $100 ea
-“To more clearly show the effects of these conditions on the rates on
the traffic of this company, comparison has been made between the
Missouri Kansas & Texas.—After a conference between
the directors of t e Missouri Kansas & Texas Railroad Com¬
39,060, 89.233, 39 40 i.
42.441, 42.614, 43.256,
23,595, 28,768, 23,941, 29,057,
80,062, 30.235, 30.408, 30,581,
31 570, 31,916, 32,099,
32,272,
33.204, 33,723, 33.896, 34,003,
45.026, 45,199,
47,926. 48,091,
49,252, 49,598,
51,445, 51.618,
52.744, 52,917, 53,179. 53.352.
These bonds will be paid ar> 110 and accrued interest
of
tariffs in effect now anil for the past six months, with those of 1885,
with the following results :
“On grain hot ween points on this line and Chicago, reduction 29 to
percent; on merchandise between the same points, reduction 29 per
cent; on gram bet* cen St. Paul and Minneapolis and all other points on
the line, reduction 17 per cent; on merchandise between the same, re¬
duction, 35per cent.
“From these figures may fairly be approximated the average reduc¬
tion in rates on all the traffic of this company within something less
than three years.”
20,959, 21,072, 21,418,
29 403, 29,576, 29.749,
30.927, 31,051, 31,224,
32 618, 32,791, 32,964,
34,348, 34.521, 34 694,
35,747, 35,920, 36.081,
37 264. 37437, 37 610,
44.918,
47,^80,
49 079,
51 272,
52.398, 52,571,
number of features which
undoubted advantage to the transportation interests of the coun¬
try at large.
Thts, however, cannot be said of its long-and-short-liaul
feature, and in particular as applied to tbe Northwest; neither can its
prohibition of pooling be regarded other than as prejudicial to these
interests. Past experience lias proven that the most effective means of
maintaining equal and uniform rates on lines of competing railways
was by the formation of a pool; the unsat'sfactory workings of the vari¬
ous traffic association^ of mich railways since the Inter-State Law took
effect, only adds proof to the value of the pool for this purpose.” * *
are
789
yet payable.
Boonville RR. Bridge—Bonds numbered : 30, 41,85. 89.
90,
are not
679, 690, 720, 722, 778, 782, 880, 935, being twenty-eight bonds of
$1.0u0each. The inrerest on these bonds will cease on Dec.l, 1888,
*nd at any time prior to that date tin same will be
paid at 105
and accrued interest to date of payment on presentation at
the
ef
company’s office, 15 Broad Street, New York.
St. Paul & Dulutll.—In a letter to the stockholders of the
St. Paul & Duluth Railroad Company, soliciting their proxies
91,205, 234, 289, 304, 331, 381, 393, 537, 593, G68, 6^6, 862, 872, for use in the annual
meeting, Vice President William H.
887,912,976. These bonds will be paid by the Union Trust
Rhawn, who is President of the National B nk of the Republic
Company of Ntw York, July 1, 1883, on which date interest of
Philadelphia, makes a statement of his position since he
will cease.
Louisville & Nashville RR.—Cecelia Branch first mort¬
gage bonds, numbered : 17, 49, 109, 147, 154, 157, 198, 313,
317,322, 334, 445, 480, 690, 735, 769, 773, 781, 812, 852, 854, 880,
893, 970, 999. These bonds will be paid at the company’s
office in New York City, interest ceasing
Sept. 1, 1888.
Northern Central RR.—Consolidated mortgage gold 6s
of 1904, as follows ; Series
A—93, 180, 257, 267, 288, 386, 411,
*21,449, 472, 510, 516, 545, 624, 626, 665, 666, 726, 735, 743, 787,
'89, 797, 824. 847, 850, 855, 889, 970, 1080, 1130, 1200,
1214,
*220,1226,1231,1265,1292,1518,1528,1619,1625,1629,1652,1716,
1768,1888, 1915, 1920,
1922, 1941, 1955, 1989, 1990
;
Series B—
became chairman of the reorganization committee.
He says
that to retain the business of the road and
provide adequate
means of drawing trade it was necessary to
largely reconstruct
the road, as indicated in the annual reports.
He defends the
proposed construction of the road from St. Paul to Omaha, on
the ground that it would be a paying
property in itself, and
would bring profitable business to the St. Paul & Duluth,
Mr. Rhawn also makes furiher statements as to his
personal
connection with the road.
Beattie Lake Shore & Eastern.—Negotiations have been
concluded which insure the establishment in the
Puget Sound
country of an iron and steel
manufacturing company by
3097, 2111, 2158. 2184, 2210, 2257, 2393, 2399, 2412, 2422, 2480, English capitalists. The capital stock
of the new
**1,2543, 2635, 2644, 2667, 2715, 2719, 2725, 2742, 2761, 2811, five millions, all of which has been subscribed. company is
Twenty-five
■pi, 2878, 2910, 2961, 2997. Interest on these bonds will cease hundred acres of land on Lake Washington opposite
Seattle
July
1, the bonds being payable at the London Joint Stock have been purchased, and a 45-year lease of the Denny iron
oauk in
London
Northern
or
at the office of the company
in Baltimore.
Pacific Railroad. — General first mortgage
bonds numbered: 251, 424, 597, 770,
943, 1095, 1268, 1441,
L87, 1960, 2039, 2212, 2558, 2731, 2904, 3194, 3367, 3540, 1614,
3713,
2®. 4044, 4217, 4390, 4563, 4736, 5070, 5416, 5589, 5762, 5935,
B 6398, 6571, 6744, 7057, 7230, 7403, 7576, 7749, 7922, 8065,
8411, 8584, 8757,
* 10,376, 10,895,
12,484, 12,607,
’S 14’08<)> 14.253,
2® 15’59S> 15>771’
1.261 17,434, 17,607,
W, 18,729, 18,902,
8930, 9082, 9428, 9601,
11,083, 11,256, 11,602,
12,780, 13,272, 13,445,
14,426, 14,599, 14,945,
15>944> 16,174, 16,347,
17,780, 17,953, 18,037,
19 084, 19,430, 19,603,
mines has been made.
A contract made with the Seattle
Lake Shore & Eastern RR. provides for the
building of a spur
of 3 miles which will give this road a haul of 50 miles from
the mines to the works, and a further haul of 30 miles on
the
manufactured product to tide-water at Seattle.
Tenii. Coal & lion Co.—It is stated that sufficient
proxies
9947, 10.030, have been sent in to in-ure the two-thir 7s vote of the present
11,775, 11.948, stock to issue $*1,000,000 of 8 per cent preferred stock, and re¬
13.613, 13.791, tire a corresponding amount of the present common stock.
15,079, 15,252, The preferred stock is to be issued to the present stockholders
16,520, 16,866, by allotment at 90, and an equal amount of their present
18,210, 18,383, common stock accepted in part payment at 30, thus requiring
20,094, 20,440, the payment of 60 per cent cash for the remainder,
738
THE
CHRONICLE
Chesapeake & D**la
of the
• are Canal.—At the annual meeting
Cnet-apeake & Delaware Canal Company, the following
finaucial statement
was
pre
ented
:
Receipts durine tlie year endiuar May 31,188Q, from tolls.
$190,089
Receipts during the year ending May 31, 1880, from other
—
sources
6.242
$196 331
Expenses of maintenance of canal
Interest
on
54.206
$142,125
130,147
mortgage loan ($2,602,950) at 5 per cent
Leaving
a
surplus of
.
$11,978
Chicago & Eastern Illinois.—For the six months ended
December 31. 1887, gross earnings were $1,126,643; operating
[Vol. XLVI.
operating expenses for that period, and a statement of its es¬
timated gross earniog8 from April 1 to date.
From these it
appeared that the gro s earnings since January 1 show a uni.
form and continual decrease from those of the
same time
duiing the previous year, and that the net eirnings so far as
ascertained fell far short of the interest on the
company’s
bonded indebtedness which accrued
during the months for
which the net results
were
ascertained.
That the months
of
April and May would undoubtedly show similar results.
It
evident from this that to meet the
coupons falling due
June 1 the company would have to borrow the entire
sum of
money necessary for that purpose.”
* * * * *
“They were notified that coupons on the following issues of
the bonds of this company falling due June 1 would
not
was
be
$644,727, and net earnings, $481,916.
paid :
Amt. Ini,
Chicago & Indiana Coal.—The gross receipts from traffic
First mortgage—
Amt. bonds.
due Junt\
and investment for the year ending December 31, 1887, were Merriam
Junc tion to Albert Lea
$ 950.000
$33 250
$513,700; operating expenses and fixed charges, $452,747; sur¬ Iowa Extension
1,015,000
35,525
Southwestern Extension
plus, $60,953; dividend,
636,000
per cent on preferred stock,
22,260
$21,978.
$91,035
Chicago & Northwestern.—The annual meeting was held
*
*
“
The
company published in November last a state¬
in Chicago, June 7.
The fiscal year ends May 31, and the ment of
its earnings and expenses to June 30, 1>87.
The fol¬
annual report is never published before August.
A brief lowing
show
the result of its operations since that time
will
summary of the approximate results is given ia the so far
a* the figures are made
up :
press dispatches.
Messrs. A. G. Dulman, David P. Kimball,
June 30 to December 31—
1887.
1886.
Chauncey M. Depew, Samuel F. Barger, Albert Keep and M. Earnings
$762,418
$861,819
L. Sykes were re-elected directors for a term of three
years. Expenses and taxes
503,307
524,299
The following officers were unanimously elected: Albert
Keep,
Net
Chairman of ihe board of directors: Marvin Hughitt, Presi¬
$259,111
$337,549
Decrease
78,438
dent; M. L. Sykes, Vice President, Treasurer ana Secretly;
January 1 to March 31—
18 88.
1887.
J. B. Redtield, Assistant Secretary and Assistant Treasurer; Earnings
$295,995
$383,281
S. O. Howe, Assistant-Stcreiary and Assistant T«easurer in Expenses and taxes
256,347
280,131
New York; Executive Committee—Albert
Keep, M. Hughitt,
Net
$ 9.647
$103,149
W. L. Scott, A. G. Dulman, C. M. Drpew, H. McK. TwomDecrease
$63,502
April 1 to May 21
bley, Samuel F. Barger, David P. Kimball.
Earnings, gross, estimated
:
For the year ending May 31,1888 (May being
$172,264
$192,669
partly esti¬
Decrease
$20,*05
mated), the gross earnings were $26,697,105; operating ex¬
Interest paid since January 1, 1888—
penses, $15,996,687; taxes, $757,799; net earnings, $9,942,618; March 1, on real estate bonds
$3,000
interest on bonds, $5 244,428, and sinking fund, $58,000, leav¬ April 1, on Pacific Extension bonds
41,460
May 1, on Minneapolis & Duluth bonds
9,800
ing net receipts of $4,640,190. Dividends on stock amounted
to $3,444,504, leaving a surplus of $1,195,686
Total.—
A
To this is added
$54,260
the surplus of the lines west of the MLsouri River, $172 220, The annual interest eharged on all bonds outstanding is
$597,440
The
monthly
proportion of above is
and net receipts from land grants and town lot
$19,786
sales, $467,884,
“It will appear by the
making a total of $1,835,790. The board of directors declared
foregoing that the net earnings of
the usual dividend, 3 per cent semi-annual on common the
company during the best six months of its business year,
stock and \% quart* rly on preferred stock.
from July 1,1887, to December 31,1887, fell short of the inter¬
Cleveland Columbus Cincinnati & Indianapolis.—The est accruing during that period by the sum of $39,609, and that
following statement shows the earnings, expenses, charges, since January 1, 1888, the showing is still more unfavorable
in this
&c. (including the Cincinnati & Springfield and
Indianapolis interestparticular, the net earnings being $109,712 less than the
& St. Louie) for the month of April, and for four mouths.
accruing during the first three months of the year.
expenses,
—
.
“
April.
-
1888.
Gross
earnings
1887.
$567,778
,—Jan. 1 to April 30.—.
1888.
1887.
exi)enses.
125,949
$565,733
436,787
$2,307,625
1,741,113
$2,328,' 29
1,644,398
Net earniugs
Interest, taxes, &c...
$141,829
158,350
$128,946
170,750
$566,512
633,286
$684,231
684,514
Balance, deficit....
$16,521
18,520
$41,804
57,570
$06,774
74,155
$2-3
339,712
$35,041
$99,374
$140,929
$339,995
Operating
Additions to prop’ty.
Deficit...
Colorado Midland.—The board of directors of the Colo¬
rado Midland Railway Company has elected as President, John
Scott, formeily President and General Manager of the Queen
Ai d Crescent Route.
He succeeds J. J. Hagerman, who re¬
signed on account of ill health.
Dayton Fort Wayne & Chicago.—At Dayton, Ohio, June 5,
am ual meeting of the stockholders of the
Dayton Fort
Wayne & Chicago R* ad, the following dir, ctors were chosen:
at the
Nelson Cromwell of New York, George C. Comstock of New
York, George C. Wattles of New York, John C. Combs of
Boston, George W. Hoadley of New York, Alfred Jaretzki of
New York, Eugene Zimmerman of Cincinnati, Judson Harmen of Cincinnati, R. D. Marshall of
Dayton, Richard Folsom
of Cincinnati, T. E. Burton of Cleveland, F. H. Short of
Cin¬
cinnati and Julius Dexter of Cincinnati. The board
organ¬
ized by selecting Eugene Zimmerman of Cincinnati
President
and Alfred Jaretzai of New York
Secretary.
Denver & Bio Grande.—The new board of the Denver &
Rio Grsnde Railroad directors has organized
by electing Mr.
George Coppell Chairman, D. H. Moffatt President and R B.
Minturn Vice President. Action on a dividend for the
pre¬
ferred stockholders was postponed, because the
company has
made contracts involving large expenditures for
standardgauging, &c., these chang* s being considered absolutely neces¬
sary for the protection of its business.
Mineral Range.—The Mineral Range Railroad has
passed
into a receiver’s hands for the non payment of the first
mort¬
gage bonds, amounting to
with interest for one year.
$200,000, which matured June 1,
This is a narrow guage road run¬
ning from Hancock to Calumet. Its traffic is local. It was
secured two years 8go by Hmry S. Ives.
This default does
not affect the Hancock & Calumet
Railroad. Charles A.
Wright is the receiver.
Minneapolis & St. Louis.—In
a circular addreesfd to the
bondholders of this railway company, the
President, Mr. W.
H. Truesdale, says in regard to the default on June 1:
“At a meeting of the board of directors of the
Minneapo¬
lis & St. Louis
Railway Company, held on the 24th of May, the
a n port of the
operations of the company
from January 1 to March 31, 1888,
covering its earnings and
President submitted
The earnings
during the last half of 1887
were so
unsatis¬
factory that under instructions of the board the company did
not pay the interest
($120,006) due January 1 on the Improve¬
ment and Equipment oonds.”
* * *
After mentioumg the severe weatner and the notorious war
in rates as the immediate caus 8 for this default, he
says of the
latt r: “ This wanton, aimless, causeless conflict covered an
extent of
territory and incurred losses which cannot be esti¬
mated, but wtre enorrr ous, and in its every feature it stands
without a parallel in the history of railroading.”
As to the more lasting
reasons, he remarks that they are
“most sen* us and far r» aching in their effects, even threaten¬
ing the prosperity and stability of w hat have hitherto been
considered the moat valuable railway prop.rties in the North¬
west.”
*
*
“
Unquestionably of these the first in importance is the over produc¬
tion of railways in the Northwest, stimulated
by the marvelously rapid
growth and development of Minnesota and Dakota during the years
1881 to 1887. To-dav there are six great trunk lines
striving for the
business passing between Chicago a d the East ami
South, and the
cities of St. Paul and Minneapolis and the country
tributary to them,
which may be described as the territory lying north and northwest of a
line drawn East and West through the southern
boundary line of the
State of Minnesota.
“
In addition to the six lines mentioned, the
Minneapolis Sault Ste.
Marie & Atlantic Railway (“Son”' Line)
recently completed, with its
Canadian rail connections and lake connections
nearEcanal)a, is now
an important competitor for the traffic of this
Northwestern country.
“
But the most important factor of all in the situa ion are the lines to
to Lake Superior, from the cities of St. Paul and
Minneapolis. Thereare
two of these now and a third is under construction.
With a rail haul of
about 150 miles. i bey form connections with boat lines whose rates
to and from the seaboard are
substantially the same as are made by the
boat lines to and from Chicago and Lake
Michigan ports, to reach which
the average rail haul of the six Chicago lin s is over four hundredmilea.
“
Yet to-day the avowed policy of at least two of these lines is to pit
their four hundred mile haul against that of one hundred and fifty miles
to Lake Superior, and meet whatever rates on seaboard business are
made via the latter route. The result of such a
policy on these proper
ties is not difficult to foretell.”
*
*
*
*
“Another serious menace to the railway interests is the attitude of the
people towards them as evidenced by recent legislation regulating rail¬
ways, the control thereby given railroad commissioners over rates ana
revenues, and by the decisions of the courts
sustaining the legislatures
in these laws and the commissioners in their
arbitrary and unjust ruling
under them. A recent decision of the Supreme Court
of Minnesota
says that the authority of its railroad commissioners in fixing reason¬
able maximum rates is absolute and cannot be reviewed or
questioned
in the courts. These commissioners are
appointed by the Governor of
the State, and,.as customary with all such
appointments, they area
reward for political services rendered or expected, and it
is plain to see
how. under these laws and decrees, these great interests have been, are,
and always will be, handled with a view to
making the most political
capital for the party in power, with a constituency only too ready to
hold the railway interests respons ible f *r them misfortune-* or lack of
prosperity from-whatever ci use they spring, whether a devastating
hailstorm or the low price of wheat in the markets of the world.
“The present Minnesota Railroad Commission has rendered a number
of decisions adverse to the railway interests which are notoriously un¬
fair and unreasonable.
The most charitable explanation of some of.
these rulings is, that by them they are best serving or forwarding the
political or private interests of the party, or some of its prominent
June 9,
THE CHRONICLE.
1888. J
789
whom they are indebted for the important positions they 20,613, 20,959. 21,072, 21,418, 23,595, 28,768, 23.941, 29,057,
29 403, 29,576, 29,749, 80,062, 30.235, 30.408, 30,581,
^SSnnesota j8 not alone in its attitude of hostility towards its rail¬ 29,230,
30,754,
30.927, 31.051, 81,224, 31 570, 31,916, 32,099, 32,272,
ways
Tbe Iowa Legislature recently passed a m«*st radical measure
meulating the railways of that State, and clothed its railroad commis- 32,445, 32 618, 32,791, 32,964, 33,204, 33.723, 83.896, 84,002,
fltoners with increased authority, in< ludiog the p >wer to fix rates.
One 34,175, 34,348, 34.521, 34 694, 34.867, 35.055, 35,228, 35,401,
feature of the law being, that the rates in any other 8tate on any of its
35,574, 35.747, 35,920, 36.081, 36.427, 36,600, 36 773, 36,946,
railways, may be considered prima facie evidence of the reasonableness
37 264. 37.437, 37 610, 37 783, 37,956, 38,428, 38.601,
rrf such rates a* justifying their application as the maximum rates on 37,091,
the same railway withiu the State of Towa.
Thus emphasizing in a most 38.774, 39,060, 89.233, 39 40 i, 39,752, 40 057, 41.378, 41,551,
startling manner ihe danger and folly of railways making the low rates 41.897, 42.441, 42,614, 43.256, 43,602, 44.053, 44,226,
44,399,
that have keen and are in effect in certain territory.
44 57*2, 44.918, 45.026, 45,199, 45.718, 46,759, 4 ,932, 47,061,
“The Inter-State Commerce Law contains a number of features which
47,284, 47,580, 47,926. 48,091, 48.261, 48,437. 48,610, 48,783,
are of undoubted advantage to the transportation interests of the coun¬
try at large.
This, however, c innot bo said of its long-and-short-haul 48.956, 49 079, 49,252, 49,598, 49 944, 50.227, 50.573, 50,919,
feature, and in particular as applied to the Northwest; neither can its
51.099, 51 272, 51,445, 51.618. 51,781, 51,954, 53,052, 52,225,
prohibition of pooling be regarded other tliau as prejudicial to these
leaders, to
Past experience has proven that the most effective means of
maintaining equal and uniform rates on lines of competing railways
was by the formation of a pool; the unsatisfactory workings of the vari¬
ous traffic association'* ot **uch railways since the Inter-State Law took
effect, only adds proof to the value of the pool for this purpose.” * *
••To more clearly show the effects of these conditions on the rates on
the traffic of this company, comparison has been made between the
tariffs in effect now and for the past six months, with those of 1885,
with the following results :
“On grain between points on this line and Chicago, reduction 29^
percent; on merchandise between the same, points, reduction 29 p>T
cent; on gram bet" cen St. Paul and Minneapolis and all other points on
the line, reduel ion 17 per cent; on merchandise between the same, re¬
interests.
duction, 15^2 per cent.
“From these figures may fairly be approximated the average reduc¬
tion in rates on all the traffic of this company within something less
than three years.”
Missouri Kansas & Texas.—After a conference between
the directors of t e
pany
Missouri Kansas & Texas Railroad Com¬
and the Adams committee of the general mortgage
bondholders, it was agreed in behalf of all interests than the
Mercantile Tiust Company, as trustee, should at once begin
proceedings for the reo ganization of thj company. It is un
deretood that application for the appointment of a receiver
will be ma le within ten days before Judge Brewer at Leaven¬
worth, Km. This will not binder the proposed investigation,
and the Committee, Messrs. G Clinton Gardner, Tnomas B.
Atkins, and W. P. Robinson, accompanied by Vice-President
H. K! Enos, will 1-ave soon for their trip over the road.
^ Ohio Indiana & Western—Indiana Bloomington & West¬
ern.—At the meeting in Indianapolis of tbe dire jtors of the
0.1. & W. Railroad, the President wai autho ized to execute
mortgage and bonds in lieu of old Indiana Bloomington &
Western indebtedness.
Philadelphia & Reading.—Subscriptions to the new Read¬
ing bonds we >e closed peremptorily ac noon on Wednesday,
although they had neen open only two hours, in that time
they amounted here to considerably m re than the whole
amount offered in this country and in Europe.
In regard to
the price of 87%, at which the bonds were offered, Mr. J. Pierpont Morgan is reported as saying that the price was relatively
above that of the B dtimore & Ohio 5 per cent loan recently
negotiated by his firms, and of the Rick I?1-nd 5 per cents
previously marketed. This negotiation, he sai l, places the
credit of the Reading Railroad on the same plane with ihat of
those companies. The great success of the loan is of immense
value to ti e Reading Company.
Notice is given by Messrs. Drexel & Co. that the general
mortgage bonds will be paid off on and after June 30, with all
overdue and accrued interest. The sterling sciip, with interest,
will be paid July 2.
Railroad Bonds Called in.—There have been many re¬
quests from Chronicle subscribers for the publication re. ularly, by their numbers, of such railroad bonds as a^e drawn
by let and noticed for payment. In compliance with these re¬
quests th*» list below has been prepared, including such bonds
88 have
already been drawn and are not yet payable.
Boonville RR. Bridge—Bonds numbered : 30, 41,85. 89. 90,
M, 205, 234, 289, 304, 331, 381, 393, 537, 593, 668, 6*6, 863, 872,
887, 912, 976. These bonds will be paid by the Union Trust
Company of New York, July 1, 1883,
will
on
which date interest
cease.
Louisville & Nashville RR.—Cecelia Branch first mort¬
gage bonds, numbered : 17, 49, 109, 147, 154. 157, 198, 313,
52,398, 52,571, 52.744, 52,917. 53,179, 53.352.
These bonds will be
paid ar<110 and accrued interest upon
pres¬
entation at the office of the Central Trust Co.. No. 54 Wall
Nrw York.
Interest will
cease on
and after
St.,
July 1, 1888.
St. Paul Minneapolis & Manitoba Railway.—First mort¬
gage sinking fund seven per cent land grant gold bonds at 105
per cent ami accrued interest, payable out of tlie proceeds of
i-ales of land.
The bonds so dr.twa will be piid at the office
of John S. Kennedy, Nos. 40 and 42 Wa'l Street, New York;
interest will ce se July 1; 85 bonds of $100 ea h:—71, 92, 107,
113, 195, 219, 230. 311, 331, 333. 354 356. 389, 891, 396, 398, 411,
424. 45*, 462, 675, 689, 722, 733. 805, 834, 882. 965, 966, 1017,
1076, 10*2, 1118,
1281. 1287,
1418, 1425,
1981, 1984,
2074, 2084,
3140, 1141, 1157, 1177, 1207, 1227, 3261, 1267,
1283, 1300, 1305, 1311 1326. 1344. 1391, 1^08.
1462, 1555, 1608, 1617, 1695, 1717, 1900, 1923,
1995, 2001, 2032, 2010, 2 >42, 2048, 2063, 2065,
2107, 2110, 2120, 2125. 2137, 2U3, 2154, 2197.
Fifteen bonds of $500 each:—11, 29, 88, 102, 143, 145, 176,
198. 214, 230, 296, 329. 333, 346, 379
284 b inds of $1,000 each:208, 220.
1269.
1409,
1970,
2067,
486. 492,
1w23, 1881, 1883, 1*93, 1911, 1952. 1963, 1972. 2096, 2134, 2152,
2175. 2192, 2243. 2265, 2328, 2347. 2 <66, 2369, 23*1,
2425, 25*6, 2657, 2662. 2672. 2693. 2767.
2'9<>, 2939, 2947, 2977, 3001. 3 >13 3 >32,
3105 3110, 3141,3231,3355, 3383 3441,
3819, 3886, 3920, 3923. 393', 3990, 3991,
4075,4078, 4145,4171,4190,4223,4233.
4292. 4044, 4379, 4397, 4405, 4408, 4436,
45o9.4510,4517,4o20,4537,454S,4587,
4753, 4761, 4764, 4778, 4782. 4815. 4819,
4U71
auoi
Kiun
KOA1
KUAi
^fU/l
*190
2386, 2420,
2797, 2821, 2861, 2*72,
30*0,
3578,
40(>2,
4235,
3091, 3094, 3096,
3591, 3733, 3789,
4009, 4037, 4061,
4250, 4266, 4272,
4450, 4487, 4490, 4495,
4611, 4631, 4647, 4722,
4843, 4893, 4926, 4938,
IX10Q
H1/I*i
*1**
5961,6000.6019,6050,6066,6069,6125, 6138, 6199, 6308, 6327,
6334 6364. 6368, 6445, 6467, 6520. 6523,
6542, 6635, 8663, 6679,
6712,6743,6749.6806,6807,6810, 6*30, 6870, 6970, 6996, 7017,
7021,7064, 7067,7112,7133,7162,7200, 7219, 7231, 7253, 7258,
7207. 7282, 7304,
7343, 7397, 7440, 7468, 7476, 7489, 7506, 7543,
7559, 7562, 7578.
St.
Louis & San Francisco Railway.
equipment
—
Seven per cent
bonds of 1880, numbered 106, 123, 201, 244, 256, 257,
8o3, 320, 322, 384, 387, 393, 417, 456. 502, 517, 519, 541, 577, 643,
679, 690, 720. 722, 778, 782, 880, 935, being twenty-eight bonds of
fl.Ol'Oeach. Theinterest on these bonds will cease on Dec.l, 1888,
*nd at any time prior to that date the same will be paid at 105
and accrued interest to date of payment on presentation at
the
company’s office, 15 Broad Street, New York.
St. Paul & Duluth.—In
a
letter to the stockholders of the
St. Paul & Duluth Railroad Company, soliciting their proxies
for use in the annual meeting, Vice President William H.
Rhawn, who is President of tbe National B nk of the Republic
of Philadelphia, makes a statement of his position since he
became chairman of the reorganization committee.
He says
that to retain the business of the road and provide adequate
means of drawing trade it was necessary to largely reconstruct
the road, as innicated in the annual reports.
He defends the
317, 322, 334, 445, 480, 690, 735, 769, 773, 781, 812, 852, 854, 880,
893, 970, 999. These bonds will be paid at the company’s proposed construction of the road from St. Paul to Omaha, on
office in New York City, interest ceasing Sept. 1, 1888.
the ground that it would be a paying property in itself, and
Northern Central RR.—Consolidated mortgage gold 6s
1904, as follows .: Series A-93, 180, 257, 267, 288, 386, 411,
421,449, 472, 510, 516, 545, 624, 626, 665, 666, 726, 735, 743, 787,
789, 797, 824. 847, 850, 855, 880, 970, 1080, 1130, 1200, 1214,
of
1220,1226,1231,1265,1292,1518,1528,1619,1625,1629,1652,1716,
1768,1888, 1915, 1920, 1922, 1941, 1955, 1989, 1990 ; Series B—
2097,2111, 2158. 2184, 2210, 2257, 2393, 2399, 2412, 2422, 2480,
2o41, 2543, 2635, 2644, 2667, 2715, 2719, 2725, 2742, 2761, 2811,
2836, 2878, 2910, 2961, 2997. Interest on these bonds will cease
July 1, the bonds being payable at the London Joint Stock
bank in London
or at the office of the company in Baltimore.
Northern Pacific Railroad.— General first mortgage
bonds numbere d: 251, 424, 597, 770, 943, 1095, 1268, 1441,
1614,
Cnoo’
«
ueil,
J238, 8411, 8584,
<0)1, (46V,
(W6, |D<0, 114U, (VZV, OUOO,
8757, 8930, 9082, 9428, 9601, 9917, 10.030,
0,203, 10,376, 10,895, 11,083, 11,256, 11,602, 11,775, 11,948,
}^61, 12,434, 12,607, 12,780, 13,272, 13,445, 13.618, 13.791,
W, 14,080, 14.253, 14,426, 14,599, 14,945, 15.079, 15,252,
iS,598, 15,771, 15,944, 16,174, 16,347, 16,520, 16,866,
17’434’ 17’607> 17>‘80> 17>953> 18’037> 18>210> 13,383,
18,729, 18,902, 19 084, 19,430, 19,603, 20,094, 20,440,
would bring profitable business to the St. Paul &
Mr. Rhawn also makes further statements as to his
Duluth.
personal
connection with the road.
Seattle Lake Shore & Eastern.—Negotiations have been
concluded which insure the establishment in the Puget Sound
country of an iron and steel manufacturing company by
English capitalists. The capital Btock of the new company is
five millions, all of which has been subscribed.
Twenty-five
hundred acres of land on Lake Washington opposite Seattle
have been purchased, and a 45-year lease of the Denny iron
mines has been made.
A contract made with the Seattle
Lake Shore & Eastern RR. provides for the building of a spur
of 3 miles which will give this road a haul of 50 miles from
the mines to the works, and a further haul of 30 miles on the
manufactured product to tide-water at Seattle.
Tenn. Coal & lion Co.—It is stated that sufficient proxies
have been sent in to in-ure the two-thir Is vote of the present
stock to issue $*1,000,000 of 8 per cent preferred stock, and re¬
tire a corresponding amount of the present common stock.
The preferred stock is to be issued to the present stockholders
by allotment at 90, and an equal amount of their present
common
stock accepted in part payment at 30, thus
the payment
of 60
per cent cash for
the remainder,
requiring
j
[Vol. XLVI.
CHRONICLE!
THE
740
COTTON.
JRe <&0mmzvtml Jinxes*
EPITOME.
COMMERCIAL
June 8, 1888.
Friday Night,
The weather
has at length become summer
like, having a
The
‘
.good effect upon crop prospects in nearly all section*.
overflow of rivers is now nowhere serious, Speculation in
leading staples has been generally dull, and the more active
influences affecting values have been combinations and manip¬
ulation.
There has been rather more doing in the export of
breadstuffs, but the movement is still moderate.
The following is a statement of stocks of leading articles of
merchandise at dates given.
jpork
Lard
Tobacco,
17,765
15,886
24,308
lihds.
domestic.
foreign...
Tobacco,
Coffee, Rio
•Coffee, other
Coffee, Java,
18,004
41,598
bales.
45,263
bags.
125,364
57,000
15,011
mats.
Ac....
lihds.
Sugar
Sugar
Mel ado
Molasses, foreign..
Molasses,
Hides...
Cotton
Rosin
hags, A:c.
1,962,202
lihds.
bbls.
177
domestic.
Spirits turpentine
bbls.
.
Rice, E. I
Rice, domestic
Sisal hemp
Flour
.bbls. and
sacks
on
for future
delivery was not
June delivery—
July delivery
Aug. delivery."...
8cpt. delivery
Oct. delivery
Dec. delivery
8-66
8-66
8’66
8-69
8-69
8’72
88-70
72
8'70
hog
Port. Roy a 1, A*, e
1,522
1,136
8,160
5,8u0
1.000
None.
None.
14,500
45,500
16,500
15.300
17,700
35,647
3,028
115,747
1,512
137,286
made a
advancing prices
sharp decline and closed
TRICES OF LARD
Wilmington
Wasli’gton, Ac
Tuesd'y. Wednsd'y.
8*68
8*68
869
873
8-73
8-81
8-82
8*83
8-87
8-86
....
8-85
Friday.
Thursday.
8-75
8-83
8 75
8 78
881
8 79
8-85
8-88
8-91
8-89
8-20
8*87
8 90
8-9 4
8-92
8-20
8-20
products have bpen
..10-30o.
July
12*50c. | November
10 35c.
August
..1 -1*55c. December
10 35c.
September
| May
10 35c.
10-75c. | January
f Raw sugars have been weak and closed dull at 5%c. for Cen¬
trifugal, 96 deg. test, and 4 ll-16c. for fair refining Cuba. Re¬
Molasses has
fined sugars are dull, except for low grades.
been steady but quiet at 19%c., 50 deg. test.
The tea sale on
13-70c. I October
10*45c.
10 30c.
10*30c.
10-30c.
I February
| March
I April
..
Wednesday was a small one; prices were generally steady, ex¬
cept for green*, which weie cheaper.
Kentucky tob icco has been quiet and sales for the week are
only 200 hlv
prices, however, remain steady. Thf-e has
been a pretty ft ee movement in sped leaf, the sales for the
week aggregating 1.500 cascs as follows: 400 cases 1886 crop,
Pennsylvania seed leaf, 60£(5> 12V£e.; 200 cases 1886 crop,
Pennsylvania Havana seed, 9<512}£e.; 400 cases 18.-6 crop,
Wisconsin Havana seed, 5@10^c.; Iu0 c^ses 1887 crop, Zim¬
mers, 9 ^ 12c.; 300 cases 1886 crop, Dutch. 18c., and 100 cases
1886 crop. New England Havana, 13@25c.; also 400 bales
Havana, <>0e.dl>$l 10, and 200 bales Sumatra, $1 30(5)$1 65.
The M tal Exchange has been dull.
Straits tin has been
lS’^c. on the spot. Copper has been firm,
but closes dull at, 10'Guc. for spot and July. Lead has declined
and closes at 3 80c*. on the spor.
The interior iron markets
are still depressed, and steel rails can hardly be quoted at more
decidedly lower at
certifieates were more active and advanced
to 80?4C., but receded and closed to-day at 78^@78JgC. Spirits
turpentine dull and easier at 36^r*. Rosins are also cheaper
at 1 •17^@1 ‘22 [>. for common io good strained.
Some tpeculuive purchases have neen made of Texas spring
clip w ools at 16 5> 18J£e. Ocean freights more active for grain
shipments, bui at low rates,
5,317
15
97
948
408
350
3,025
423
84
84
1,007
2,626
192
192
3
29
......
......
1,000
534
573
49
57
520
o
2
258
391
56
423
3,179
1,132
361
76
2,468
......
466
4C6
......
......
*
West Point, Ac
423
27
York
.....
......
816
60
G51
474
Boston
618
105
513
......
......
.
21
21
19,622
3,329
3,084
2,482
4,333
3,835
2,569
give the following table showing the week’s
the total since September 1, 1887, and the stock
to-night, compared with last year.
For comparison we
Galveston
Since
This
June 8.
Srp.
4,913
5,932
1,058 1,715,426
3 j8
213,047
102,450
8,680
96,211
203,615
24,305
23,162
12,237
3,353
365,147
4,525
1,131
19,172
137
134,309
1,853
1,498
14,113
2,473
3,147
186,399
4,000
5,317 1,725,973
Mobile
Florida
Savannah
794,469
325
858,693
3,025
...
1887.
1888.
706,413
476
Ind‘nola,Ao
97
Sep.
1, 1886.
Week.
651,883
366
...
Since
This
1, 1887.
Week.
Stock.
1886-87.
1887-88.
Receipts to
775
31,73u
84
75,349
2,626
411,278
16,015
376
167,747
4,931
6
2
3,17-*
1,132
479,420
170
52 ',783
W. Point, Ac
514,530
39
323,829
New York....
618
92.373
363
89,935
44,827
26,029
187
182,159
9,000
405
96,102
103,930
63,' 23
10,73s
4,453
28-*
55,643
15,138
19,867
4,032; 5,179,91a
368,41b
320.774
Bruns w., Ac
Charleston
..
192
P.Royal, Ac
Wilmington .
Wash’t’n,Ac
21
Norfolk
FUTURES.
271
23
26
total receipts,
5G4
1,429
6
134
142
798
122
Charleston
14,985
1,048
22,500
4,300
43
......
18,151
active and fbmer at 7^@7JsC., Butter is
20c. for creamery, and cheese fairly active at
State factory, full ertam.
The coffee market, so far as the regular trade
has been depressed, and the close is
Bruns w’k,Ac.
New
366
......
215,091
active, but at
mmm9
than $30.
Ci tide petroleum
219
Totals this week
were
June
978
2,62
Florida
8avannah
2,000
380,100
198,130
irregular; pickled bellies
steadier at 17@
734'@8t£c. for
was affected,
considerably lower, Rio
selling to day quite freely at from 13%V>. for No. 7 up to 15?gC.
for No. 4, with fair cargoes quoted 1534@16c.
The speculatitn in Rio options was sluggish and they are decidedly
lower, though the distant options are more steady in tone than
the eafly months, closing with sellers as follows:
Other
122
Mobile
5,000
458,600
flat.
Saturday. Monday
*
13
New Orleans.
when the market
DAILY CLOSING
13
27
Philadelphia, Ac
1,501
the spot h?s
until to-day,
702
None.
been held higher, but business was kept
-within the narrowest limits, and to-day the market was dull and
weak, closing at 8*15e. for prime city, 8 80@8*85c. for prime to
choice Western, 8 50(5 t 55c. for refined to the Continent and
9’50c. for refined to South America. The speculation in lard
Lard
243
None.
254
54,000
6,500
1,700
124,791
bales.
37,328
12,500
bags.
Linseed
Saltpetre
Jute butts
TManilalicmp
52,347
81,500
New Orleans...
Total.
49
......
1,804,146
11,845
5,8 10
I>kg8.
47,342
327,565
33
Baltimore......
19,378
1,452
1,12L
Tar
44,402
153,263
53,613
67,600
7,540
Galveston
Indianola, &c.
3,073
5,100
494,300
189,999
bbls.
38,091
55
141
8?
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
-
2,189,053
None.
No.
22,362
39,267
•
Receipts at-
None.
100
Sugar
June I.
39,137
38,469
indicated by our telegram*
For the week ending
total receipts have reached 19,622
bales, against 22,556 bales last week, 23,601 bales the previous
week and 29,065 bales three weeks since, making the total
receipts since the 1st of September, 1887, 5,386,933 bales, against
5,179,919 bales for the same period of 1886-7, showing an in¬
crease since September 1, 1887, of 207,014 bales.
1887.
1888.
May 1.
1888.
June 1.
June 8, 1888,
Friday, P. M.,
The Movement of the Crop, as
from the South to-night, is given below.
this evening (June 8), the
2,468
Boston
Baltimore
466
...
21
Phil’del’a, Ac
3,834
19,622 5,386,933
Totals
In order that comparison may be made with other years, w®
give below the totals at leading ports for six seasons.
1883.
1884.
1885.
1886.
1887.
1888.
Receipts at —
Galveston,...
366
476
308
162
718
New Orleans.
5,317
1,058
4,492
605
1,56*
97
338
909
112
159
542
Mobile...
Savannah
...
Charlest’n.Ac
Wilm’gt’n, Ac
2,818
6,411
435
1,867
1,086
3,025
2,818
325
376
2,750
2,778
107
72
2l8
31
6
166
20
16
75
3,151
2,471
-
3,179
170
3,464
885
39
1,381
59
211
375
All others....
1,132
3,657
1,244
6,525
2,647
3,843
6,005
Tot. this week
19,622
4,032
22,773
4,729
8,409
21,573
Norfolk
W’t Point,
Ac
5386.933 5179,919 5207,* ;40 47! 0,0 *7 4 72,6
Since Sept. 1
515869,156
Galveston includes Indianola; Charleston includes Port Royal, Ac.;
Wilmington includes Moreh’d City, Ac.; West Point includes City Point,
Ac.
for the week ending this evening reach a total
of 37,103 bales, of which 21,231 were to Great Britain 6,168
to France and 9,704 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1887.
From Sept. 1, 1887. to June 8, 1SS8
Week Ending June 8,
The exports
Exported to—
Exported to—
Exports
fron
Great 1
-=
Galveston
Brim.
France
Total
nent.
Week.
Britain. France
4.024
224,s8**
704.KU1 207,124
....
New Orleans..
3,871
6,109
5,550
15,3 <3
62,488
3,446
Mobile
Florida
Savannah*
Conti¬
Great
Conti¬
Wilmington ..
Norfolk
West Point,&c
......
3,535
8,745
3.545
Baltimore
1,54 8
Phiiadelp’a’&c
1,273
21,231
inojuv oe
..
711
G1S
.
6,163
?.sro
exports from
25.839
187,681
6,395
89,722
4.109
3,570
547,913;
206,427;
38.440
175
1,7 23
105,159,
2,405
9,704
O
*0()
liruiswick.
s
o
8-11
cn- 0-r>
3,448
440,230
214,157
121.903
229.031
226,885
790,753
2,598 209,025
47,143 154.7©
58,874
5,493
210.400
37,103 2.694,233 086.707 1.24 3,48 0
r> r,
62.418
1,109
11.243
52
312,883
1,424.750
240,398
1,900
25
1,27.3
81 9 3
12,480
224,802
225,579
1,535
......
711
Boston
Total 1
1,495
...
......
New York
Total
1,405
......
Total.
422,825
.......
18',352
70.637
75,786
....
Charleston....
nent.
•
-O
no<>
4.324,431
June
THE
9, 1888.]
CHRONICLE.
X
telegrams to-night also give
ub the following amounts of cotton on shipboard, not cleared,
at the ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert. 24 Beaver Street.
p-n
< o
In addition to above exports, our
©
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On
Shipboard, not clearcd—for
Great
Britain.
France.
Coastivise.
Other
Foreign
;
a
qo
n
jrfia e-,
©
•
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Stock.
Total.
£
a
©
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Few Orleans....
Mobile
Charleston
12,220
3,469
8.320
NoT16.
None.
None.
None.
None.
None.
None.
None.
None.
600
None
None.
Bavannah
Galveston
1,733
Norfolk
New York
9,000
9,000
Other ports
31,953
Total 1888......
803
None.
900
1,000
None.
None.
None.
4.800
2.000
21,812
77.638
None.
8,680
1,000
1,900
1,000
Non«.
None
4,4 00
6,133
None
None.
14 400
^
^©to©
|»r§
167,759
28,339
59,245
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9©®
m ©
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<
3,011
24.224
3,256
3.378
6,650
None
3,256
11.214
12,917
313,857
396,905
47,072
<
©
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B
oo qo
speculation in cotton for future delivery at this market
has been very dull for the week under review—exceptionally
so for so long a period—and prices fluctuated within very
narrow limits.
The bulls point to the large consumption and
the reduced visible supply, and the bears to the large stocks
in the Southern markets, the great excess of plantation deliv¬
eries and the good prospects for the next crop ; but neither
party seems to have the courage of its convictions, and stag¬
nation is the result.
Wednesday, with a slight show of
strength, there was nevertheless free exchanging of early for
later months, regarding which rumors and gossip were busy,
but nothing tangible transpired. On Thursday there was
some increase in the offerings for this month—June—which
weakened values, but late in the day speculation revived and
the decline
I
o..
rrion. Vues Wed
lb.
7714
Strict Ordmary
..
Good Ordinary
Strict Good Ordinary.
Low Middling
Strict Low Middling ..
7'4
744
*
7rl
7*4
7-H
7*4
7%
811,6
811,(1
9*1 S
9*, 6
9*, 6
93,6
9*, 6
91*i«
913] fi
913,6
9*1«
811,0
93,6
9*16
913,6
Middling
10
Good Middlin'?
Btrict Good Middling..
10*4
10*-(5
Middling Fair
lOl&m 1010, Q 101o,6 101310 1015,6 1 1
H*16 11*16 11*16 1 ^ *16 118a
Fair
10
10
IOI4
10
10
10U
10*, 6
IOI4
10*] 6
IOI4
H)»je
O
GULF.
Sat.
cc—
Ordinary
Strict Ordinary
730
$ lb
77g
81316
9jib
Good Ordinary
Strict Good Ordinary
9ii,«
Low Middling
Strict Low Middling
915,6
1010
103a
Middling
Good Middling
8triet Good Middling
j 738
738
738
77a
738
813,6
813,6 813,6
9516 I 93,6
9H b 911,6
91o,6 9lo, 6
95,6
911,6
913,6
1018
1038
778
7 78
778
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STAINED.
iVed
S« t.
Jlou Tues
7316
73,6
778
813,6
73,6
778
813,6
778
9=8
958
958
ill.
Frl-
73,6
778
813,6
714
^ lb.
|
778
813,6
I 9=8
Middling
MARKET
AND
j
715,6
813,6
1
95a
911,6
glance how the market closed
days.
on same
SPOT MARKET
CLOSED.
Sat
Quiet
Mon Steady
Tues .'Firm
Wed .jQuiet and firm...
Thurs Firm
Fri...'Steady ® ijeudv.
Ex¬
port.
1,321
.
The daily
570
570
378
124
275
214
4,039
....
too
600
deliveries given above are
previous to that
The Sales
on
FUTDRES.
•
•••
948
124
875
214
Deliv¬
eries.
Sales.
15,500
21,600
13.400
16,900
....
2
*,204
21.400
5,209 114.000
and
Prices
of
:
Futures
shown by the
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for September, 258,200; Sept¬
Septeim er-Noveiuber. for No¬
vember, 481,000; September-December, for December, 1.027,400; Sept¬
ember-.] anuary, for January, 2,256,000; September-February, for Feb¬
ruary .,1.5* 1.7* 0; September-March. for March. 3.112,100; SeptemberApril, for April, 2,005,700; September-May, lor May, 2,688,800.
*
Includes tales in September, 188 7,
ember October. lor October, 57 0, 00;
X3T We have inoluded in the above table, and shall continue each
give, the average price of futures each daTy for each month. I*
day following the abbreviation “ Aver ” T1 o
average for eaob month for the week is also given at bottom of table.
Transferable Orders—Saturday, 9*95c.; Monday, 9-95o.; Tnesdi JV
9-95o.; Wednesday, 9*95c.; Thursday, 9*95c.; Friday, 10-OOo.
wees to
The
....
actually delivered the day
are
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will be found under each
which they are reported.
ing comprehensive table
1,727
1,321
1 7°7
..
Total.'
Con- Spec- Tran¬
Total.
tump ul'Cn sit.
rfx
~
^
©
© ©
o
SALES OF SPOT AND TRANSIT?.
©
B
B* B*
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The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
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To-day there was an irregular ad.
decided in August options, but with more atten¬
tion given to the next crop.
Cotton on the spot was fairly active early in the week, both
for expert and home consumption, lut on Wednesday became
quieter. Yesterdry some s[er ulation was reported. To-day
there was an advance of l-16c., but with very little doing,
closing at 10 1 16c. for middlin'- uplands.
The total sales for forward delivery for the week are 114,000
bales. For immediate delivery the total sales foot up this week
3.572 bales, including 570 for export, 2.40:1 for consumption,
600 for speculation and
in transit. Of the above — bales
were to arrive.
The following are the official quotations for
each day of the past week—June 2 to June 8.
was
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Total 1887
Total 1886
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309,169
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2,625
11,235
4,913
7,980
11,000
7,103
16,120
4,069
3
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Leaving
June 8, at—
•
£
p.
•
follow¬
following exchanges have been made during the week r
•14 nd. to exeh. 600 June for Aug.
15 pd. to exeh. 1,300 June for Aug.
•4u pd. to exeh. 200 Sept, for Aug.
•30 iid to exeh. 200 Dec. f r SepL
08 pd. ts
exeh. 200 J uly for Aug.
The Visible Supply op
and telegraph,
06
pd to excli 300 June for Jnly.
pu. to exeh. 500 Sepl. for Aug~
16 pd to ex. h. 100 June for Aug,
•i-9 pd. to exeh. 100 July for Aug.
•27 pu. to ex oil. 100O Apr. for June.
44
Cotton to-night, as made up by cable
is as follows,
The Continental stocks, as well
*
r
E 742
CHRONICLE1
THE
-
.
b
Stock at Liverpool
i
Total Great Britain stock.
Btock at Hamburg
Btock at Bremen
Btock at Amsterdam
Btock at Rotterdam
Btock at An twerp.
Btock at Havre
Btock at Marseilles
Btock at Barcelona
Btock at Genoa
Btock at Trieste
.
1886
879,000
28,COO
643,000
21,000
769,000
907,000
4.000
2,900
49,-00
34,000
660,000
5, *00
43,200
961,000
5,400
27,000
46,000
37,900
14,000
.
.
/
500
1,100
238,000
161,000
7,000
3,000
49,000
8,000
H,000
5,000
66,000
13,000
12,000
312,900
312,900
399,500
334,600
170,000
4,000
70,000
,
5,000
Total Continental stocks
Stock
40,000
3 * ,000
368,416
86,707
6,000
in United States ports..
Btock in U. S. interior towns..
.
United States exports to-day.
32*1774
36,735
31 ^
Of the above, the totals of American
hales
Liverpool stock
Continental wtocks
American afloat tor Europe...
United States stock
United States interior stocks..
United States exports to-day..
552,000
181,000
6-4,000
103,000
368.416
86.707
43,000
326.77 4
36,735
6,009
319
225,600
196,000
21,000
128,900
174,000
34,000
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
2 “.000
145,500
313,000
4
0,000
9”i«
9”t6
97io
9iii6
971(i
9"ie
9" 16
9lhe
9”ie
9»8
934
93g
91*16
938
Ids
loie
10
10
10 H
10
10
1013
10
10
104
lOq
loq
95a
95s
5
99ie
die
9L>
50
9^
95g
91*2
99ie
9yte
die
934
934
934
934
934
934
V«4
34
1
934
Plantations.
the
from
93q
9:j8
938
934
1010
93«
9^
-
934
934
97s
...
—
The
following table
Receipts at the Ports. St'kat Interior Towns. Rsc'pts f rom PlanVnt.
Week
28,000
112,100
2. 7,000
3,000
39.150
13
34,154
12.000
29.447
10.026
29.085 174.496
64,868 131,277
22.790
9.765
23,001 150,092
1
19 817
7.599
8
22 773
4
22,550 139 841
19.022 118 907
58,588 117.812
53,813 107,442
51.659 92,949
“
18
“
25
“
1888.
| 1887.
1887.
11
June
1886.
1888.
1886.
May 4
233,000
...
|
077! 32,003 221.127 80,500
36.223 200,050! 72.510
032
The above statement shows—1.
the plantations since September
in 1886-7 were 5,183,518 bales ; in
172.287
145.074
1880.
j
1887.
18#.
18,104
13.683
3A87
2,602
4,986
3.485
10,166
2.986
2.844
12,156
1.839
1,858
5,129
2,984
5.020
9,010
15,268
That the total receipts from
1, 1887, are 5,456,052 bales;
1885-6 were 5.311.006 bales.
2.—That, although the receipts at the outports the past week
were 19,022 bales, the actual movement from plantations was
2,006,328 2,112,039 2,087.353
Total visible supply
1,854.023
Price Mid. Upl., Liverpool
5‘^d.
Price Mid. UpI.. New York....
10iiec.
93s
..
Ending—
613,100
751.500
619,600
553,900
1,300,123 1,314,828 1,493,* 39 1,474,253
Total East India, &c
Total American
93s
d^
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
“
Liverpool stock
93«
0916
9!>16
Receipts
8,300
163,000
17.000
1 < 0,600
325,000
14,000
9^8
lOtl
95g
Thurs.
Indicates the actual movement each week from the planta¬
The figures do not include overland receipts nor
tions.
Southern consumption ; they are simply a statement of the
7
43,1
938
....
Cincinnati
Louisville
77,000
385,756
27,856
y7ie
97 6
St. Louis
1,300,123 :L,314,828 1,493,039 1,474,253
Total American
East Indian, Brazil, tf c.—
*r «
Memphis
700.000
2'0,000
107.206
...
Augusta
toliowa
480,000
231,000
200,000
443,977
1,000
25
y7ie
'
Philadelphia
8,300
aitfl other descriptions are as
American—
die
die
.
Norfolk
Boston
Baltimore
1,8 '4*023 2,066,328 2,112,639 2,087,353
.
»7i«
9b6
..
237,000
r, 7,000
,000
385.756
43.197
,000
14,000
443,977
1 7,' 06
27,856
Wednes.
...
372,100
20
.
Tues.
'
...
6,000
325,000
.
Mon.
Saiur.
Galveston
New Orleans.
Mobile
Savannah
Charleston
Wilmington
186.000
4,000
€6,000
s,000
994,‘ 00 1,333,100
stocks... .1,081,900 1,3 6,500
313.000
174,000
Indiacotton afloat tor Europe
43,000
103,000
Amer. cott’n afloat for Eur’pe.
.
500
800
QUOTATIONS FOR MIDDLING COTTON ON—
CLOSING
Week ending
June 8.
49,400
1,300
Total European
Egypt,Brazil .<frc.,aflt for E’r’p< 3
933,000
28,000
17,000
200
400
600
Middling Cotton at Other Markets,the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
Quotations for
in the table below we give
1885.
1887.
XLVI.
L.
bales more than at the same period last year.
The receipts at
the same towns have been 1,693 bales more than the anne
sveek last year, and since September 1 the receipts at all the
owns are 89,332 bales more than for the same time in 1886-7
week’s returns
brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (June 8), we add the item of exports from
the United States, including in it the exports of Friday only.
those for Great Britain and the afloat are this
and consequently all the European figures are
1888.
74 8.000
IV
Od.
54fd.
53»d.
ll»i«c.
O^rC.
IO^c
The imports into Continental ports this week have been
85,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 212.3(>5 bales as compared with the same date of
1887, a decrease of 258.616 bales as compared with the corres¬
only 5,129 bales, the balance
being taken from the stocks at
he interior towns.
Last year the receipts from the plantations
for the same week were 1,858 bales and for 1886 they were
t
1,839 bales.
Sight June 8.—In the table below
Amount of Cotton in
give the receipts from plantations in another form, and add
ponding date of 1886 and a decrease of 233,330 bales as
to them the net overland movement to June 1, and also the
compared with 1885.
At the Interior Towns the moverhent—that is the receipts takings by Southern spinners to the same date, so as to give
now in sight.
for the week and since Sept. 1, the shipments for the week, substantially the amount of cotton
1887-88. 1886-87. 1 1885-86. | 1884-85,
and the stocks to-night, and the same items for the corres¬
ponding period of 1886-87—is set out in detail in the following Receipts at the ports to June 8 5,386,933 5,179,919 5,207,949 4,710,007
we
statement.
H
H
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Interior stocks on June 8
excess of September 1
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Southern consumpt’n to June
Total in sight
CO
Northern
June 8
1
3,51=9
103,057|
30(486
5,456,052 5,183,518 5,311,006 4,740,493
936,716
398,000
1
"
VO
55 ?
•
69,119
Tot. receipts from plantat’ns
Net overlaud to June 1
55 r
.
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in
771, 92
356,000
807.051
290,000
.
596,331
252,100
6,790,768 6,311,310 6,40*^,057 5,588,824
June 8
spinners’ takings to!
i
1,660.288 1,524,306 1,680,584 1,297,143
the increase in amount in sight to¬
It will be «een by the above that
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The figures for Louisville in both years are “ not.”
The above totals show that the old interior stocks have
decreased during the week 13,623 bales and are to-night 49,972
*
Telegraph.—Reports to us by
satisfactory weather
has
averaged 77, the highest bemg 89
and the
-
Huntsville, Texas.—The dry weather of late has enabled
planters to clean the fields, and crops now look promising'
We have had one trifling shower during the week, the rainfall
reaching eight hundredths of an inch. There is a small addi¬
tion to the area under cotton. The thermometer has averaged
78, ranging from 62 to 93.
Dallas, Texas.—Good progress is being made in cleaning
the fields, and with a few days more of dry weather they will
be in fine condition.
The increase in cotton acreage wafl
fully fifteen per cent, but this has probably b en reduced onehalf by overflows on low-lands. Prospects are favorable.
is the condition in the Dallas district.
In every other section
Tnis
M
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to
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tO^lMXMMCO
;
by
the week, the rainfall reaching eleven hun iredths of an inch.
Average thermometer 78, highest 84, lowtst 70.
ba.Ltstine, Texas,—It has been showery on one day of the
week, the ra:nfall reaching fifty-eight hundredths of an inch,
r\ he rain was not needed, but it did no harm.
During the
recent dry weather farmers have been fighting the grass
bravely and have nearly caught up. Crops are good. The
acreage iu cotton is slightly greater than last yeir. The ther¬
lowest G4.
h. .«»
Reports
conditions have prevailed in almost all sections of the South
during the week.
At most points the reports say that dry
weather has enabled farmers to clean the fiel Is.
tial/oeston, Texas.—There has been one light shower during
8
1
©
Weather
telegraph to-night indicate that very
s >
5Pob
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tox
to
00
to
to©
;
C2 •
with last year, is 479,458 hales, the increase as
compared with 1885-6 is 382,711 bales and the increase over 1884-5,
is 1,201,961 hales.
night, as compared
§ Hg
<5.5.
c. qo
to to
*WOM
Small grain
has fallen on
one day of the week to the extent of
thirty hundredths of an
inch.
The thermometer has ranged from 61 to 91, aver^g'
of tlie State crops are even more promising.
crops are good and harvesting has begun.
Rain
ing 76.
June 9,
THE CHRONICLE
1888.]
743
Augusta, Georgia —The weather has b en clear and
Texas,—It has rained hard on two days of
week, the rainfall reaching one inch and forr.v-eight hun¬ plea«ant, with light rain on one day to the extent of two hun¬
dredths. Tae rain was not wanted, but it did very little dredths of an inch. Recent cool nights and mornings were
damage* Crops of all sorts are very fine; in fact the pros¬ unfavorable to the growth of the plant, but the stand is good.
pects are the be*t for many years in all West Texas. Average A contmuat'on of t le present weather with some rain will
render prospects gooI.
thermometer, 76 ; highest, 91 ; lowest, 61.
Planters are busy chopping out.
Ruling, Texan.—Hard rain on two days of the week has The thermometer has averaged 74, the highest being 96 and
interrupted work, but otherwise no harm done, as the fields the lowest 58.
Atlanta, Georgia.—Rain has fallen on one day of the week,
had been almost cleaned during the previous week of dry
weather. 7 he rainfall reached one inch and fifty-eight hun¬ to the extent of one hun iredthof an inch. The thermometer
dredths. Prospects are very fine, but we woul 1 like a few has avenged 71, ranging from 55 to 88.
Charleston, South Carolina.—It has rained on two days
daT8(f dry weather. Cotton is of good growth, and begins
to bloom. Acr age is five per cent larger than last year. Tne of the week, the rainfall reaching thirteen hundredths of an
thermometer has averaged 77, the highest being 92, and the inch. Average thermometer 74, highest 88, lowest 62.
Ban Antonio,
the
88 81
61.
Columbia, Texas.—We have had dry weather all the week,
and crops of all sorts are more prom sing than tor many
lowest
Stateburg, South Carolina.—Telegram not received.
Columbia, South Carolina.—Telegram not received.
Wilson, North Carolina.—Rain has fallen on two days of
the week, to the extent of one inch and six*y-eighi hun¬
Growth is good, and fields are clean. There has been
little addition to the acreage. The thermometer has dredths. The thermometer has ranged from 56 to 90. aver¬
averaged 80, ranging from 61 to 88.
aging 73.
The following statement we have also received by telegraph,
Cuero, Texas.—The weather has been dry during the week.
Corn is very fine. Cotton shows an inertase in acreage of showing the height of the rivers at the points named at 3
fully ten pjr cent. The fields are nearlv cleaD, and the plant o’clock June 7, 1888, and J une 9, 1887.
igof good giowth and beginning to bloom. In a f^w locali¬
June 7,’88. June 9, ’87.
ties damage is reported by some new fashioned worm. The
subject would not be worth mentioning but for the fact that
Feet. Inch. Feet. Inch.
years.
very
stress has been laid on it in the newspapers.
in it. The thermometer has ranged from
There is nothing
81 to 88, averag¬
ing 85.
Texas.—There has been no rain all the week.
Fields have generally bjen cleaned, and crops of every kind
are very promising.
There is an increase in the cot on area
of twelve p r cent. Average thermomometer 77, highest 91
Brenham,
and lowest 62.
Belton, Texas.—We have had one light shower, the
rainfall reaching twelve hundredihs of an inch. Fields have
been nea ly cleared of grass and weeds, and boih corn and
cotton look very promising.
Small grams are j-plendid, and
harvesting is in progress. The thermometer has averaged 75,
the bight st being 91 and the lowest 58.
Weatherford, Tex. -Cropsof all sorts a^e good. Small grains
look very
drizzling
fine and
rain on one
are being havesied.
There hhS been a
day of the week, the precipitation reach¬
ing four hundredths of an inch. Average thermometer 76,
highest 95 and lowest 56.
New Orle ins, Louisiana.—It has rained on one day of the
week, the rainfall reaching two inches and eighty*six hun¬
dredths. Tne thermometer has averaged 77.
Shreveporty Louisiana.—No rain has fallen during the
week. Tne thermometer has ranged from 62 to 90, averaging 76.
ColumbuSy Mississippi.—We have had no rain all the
week. Average thermometer 64, highest 84, lowest 50.
Lelandy Mississippi.—We have nad no rain during the
week.
The thermometer has averaged 69*2, the highest
being 83 and the lowest 54.
Greenville, Mississippi.—Rainfall for the week sixty-six
hundredths of an inch on one day. The thermometer has
averaged 72, ranging from 58 to 87.
Clarks dale, Mississippi.—The weather has been hot and
favorable during the week and crops are clean and thrifty.
<•
New Orleans..
Memphis
improved the crops, but grass is grow¬
ing. The thermometer- has ranged from 51 lo 88, averaging 71.
Memphis, Tennessee.—Crops are making good progress.
Rain h »s fallen on two days of the week, the rainfall reaching
one inch and thirty-three hundredths.
Average thermometer
70, highest 90, lowest 54.
Nashville, Tennessee.—Telegram not received.
Mobile, Alabama.—Crop prospects are splendid. No rain
dredihs.
The rain has
has fallen all the week.
Shreveport
VlcKsburg....
...
Above low-water mark
the Federal Court for the benefit of the bondholders. The
sale is to take place on July 12.
The thermometer has ranged
from 57 to 90, averaging 75.
4
4
22
34
3
7
12
9
14
O
13
5
8
5
9
2
India Cotton Movement from all Ports.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 7.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipment* thi* week.
Tear
Great Conti¬
Bril’n. nent.
1888 4,000 37,000
1887 18,000 21,000
1886 21,000 4 7,000
1885 9,000 36,000
Shipment* Since Jan. 1.
Great
Britain
Total.
Conti¬
nent.
Shipment* for the week.
Conti¬
Great
Britain.
Since
Jan. 1.
706.000 32,000 1,168,000
903,000 17.000 1,-120,000
832,000 13.000
62 ,000 40,000
1
222,000
901,000
Shipment8 since January 1.
Great
Britain.
Total.
nent.
Receipt*.
Thi*
Week.
Total.
41,000 176,000 530,000
39,000 313,000 59 i,000
68,000 269,000 563,000
45,000 188,000 432,000
Continent.
Total.
Calcutta—
1888
1,009
6,000
1887......
1,000
6,000
Madras—
1888
26,000
8t>,000
63,000
101,000
89,000
187,000
2,000
2,o00
9,000
6,000
7,000
4,000
All others—
29,000
4,000
15,000
19,000
14,000
4,000
15,000
34,000
1,000
10,000
1,000
10,000
48,000
10 *,000
79,000
ll-i.000
227,000
Total all1888
1887
,
1888.
Shipments
to all Europe
from—
Bombay
All other ports.
Total
1887.
This
week.
Since
Jan. 1.
This
week.
41.000
706,000
127,000
3 *.000
1,< 00
12,000|
833,000
1886.
Since
This
week.
Since
Jan. 1.
903,000
227,000
68,000
2,000
832,000
110,000
49,000 1,130,000
70,000
942,000
10,000
Jan. 1.
Manchester Market.—Our report received
from Manchester states that the market is
yarns and sheetings.
and leave those for
for comparison :
32s Cop.
Twist.
d.
1887.
8*4 lbs.
Shirtings.
s.
May 4 7i1i«w814 5
11 7111 <; «/ 8 x4 5
18 71 * j fj w 8 *4 5
“
25 71Iid®‘14 5
June 1 (7111
8 *4 5
“
“
“
as1* 5
d.
s.
7%®7
7%®7
7%®7
7*a@ 7
d.
1
1
1
7%<z>7
1
1
7
0
7
by cable to-night
quiet for both
We give the prices for to-day below,
previous weeks of this and last year
1888.
d.
127,000
EXPORTS TO EUROPE FROM ALL INDIA.
The thermometer has averaged 75,
ranging from 60 to 87.
Montgomery, Alabama.—There has been no rain all the
week. The crop is developing promisingly. The Montgomery
& Floridr railroad (narrow guage) has been ordered sold by
§
Nashville
Rain has fallen to the extent of one inch.
Vicksburg, Mississippi.—Telegram not received.
Meridian, Mississippi.—Telegram not leceivtd.
Little Rock. Aikansas.—The past week has been pleasant
with the days a 1 ttle warmer, which is to the advantage of
crops. It hns been cloudy, with rain, ont^o days, the rai ifall
reaching eighty-eix hundredths of an inch. Tiie thermometer
has averaged 73, rangmg from 63 to 90.
Helena, Arkansas-— It has rained heavily on one day of the
week, the rainfall reaching one inch and twenty-one hun
12
26
a
Cott'n
Mid,
UpUls
d.
8H lbs.
329 Cop.
Twist.
d.
d.
Shillings.
8.
; 57m 7&i6'®71516 5
75i6@7l&i« 5
5%
75irt®7l516'5
5^8
7»,6«'71516 5
538
538
Cotton Acreage Report.—In
d.
d.
s.
9 ®0 10*2
9 ®6 10%
8
®6 10
7bi6®7iS:>ie 5
8
8
®6 10
®6 10
7°1&<v7^\(\ 5
8%®0 10%
our
CotVn
Mid.
Upld$
d.
5nia
53t
5lsia
513ia
5%
6
editorial columns will be
Selma, Alabama.—Vie have had no rain during the week.
found to-day our annual cotton acreage report, with an ac Average thermometer 72, highest 85 and lowest 55.
Auburn, Alabama.—No rain all the week. Crops are in count at length of the condition of the plant in each section of
fair condition. The thermometer has averaged 72, the highest the
South, together with our rainfall and thermometer record.
being 87 and lowest 58.
New York Cotton Exchange—Annual Election.—The
Madison, Florida.—It has rained on three days of the
week, the rainfall reaching three inches and forty hundredths. annual election of officers and managers of the New York
The thermometer has averaged 72, ranging f roin 61 to 87.
Cotton Exchange was held on Monday, June 4. The following
Macon, Georgia.—Telegram not received.
were the successful candidates :
Columbus, Georgia.—No rain all the week. The thermom¬
President, J. IT. Parker; Vice-President, Charles W. Ide; Treasurer,
eter has ranged from 68 to 89, averaging 80.
Walter T. Miller. Board of Managers; Thomas M. Foote, Meyer H. Leh¬
Savannah, Georgia.—It has rained lightly on one day and man, William V. King. Theodore P. Ralli, Thomas A. Perkins, Thomas
the remainder of the week has been pleasant. The rainfall Beott, B. 8. Clark, J. H. Hollis, C. E. Rich, George Brennccke, 8. T. Hub¬
bard, Jr., J. M. White, R. P. Williams, G. Schroe ter and W. W. Hill, Jr.
reached eighteen hundredths of an inch. Average thermom¬ Trustee of the Gratuity Fund: Henry Hentz. Inspectors of Election.,:
eter 73, highest 90, lowest 60.
D. C. Hipkins, 8. Uhlfelder and R. C. Allen.
-
THE
744
and
Cotton Consumption
Overland Movement to
[Yol. XLVL
CHRONICLE.
June 1.
of the crowded condition of our columns
this week, we omit giving the usual extensive details of the
overland movement. Below, however, we present a synopei9
for the month of May and for the nine months of the season
Apia
March.
February.
thermometer
il888.
1888. 1887. 1880.
1888. 1887. 1880.
May.
i88el
1888. 1887.
1887. 1886.
—In coDsequence
to June
lallahassee
Highest
Lowest.
1:
Average...
overland for May
bales.
overland for 9 months
Net overland for May
Net overland for 9 months
Port receipts in May
Port receipts in 9 months
Exports in May
Exports in 9 months
Port stocks on May 31
Northern spinners’ takings to June i....
Gross
spinners' takings to Juno l-.-Gverlaud to Canada for 9 months (in¬
Bouthern
294 003
3,869,051
533,431
1,669,511
190,000
36,979
'
May.—Below we give, the rain¬
fall and thermometer record for the month of May and
previous months of this year and the two preceding years. Ihe
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.
Record
for
thermometer
VIRGINIA.
Norfolk.—
?5"0
20-8
40-7
72*0
24-0
490
Highest...
Lowest...
Average..
14*1! 25-l| 21 0
4301 44-1! 46 3
3-5
37-7
84-5
31-5
130
93-1
32-2
55"4
76-8! 75-8! 70'8
7(98,
1888.11887.118S0
1888. 1887. ,1886.
1888. 1887. .1686.
18fcS. 1887. 1886.
90-0
49-5
90-0,
87-0
38*1
56-1
44"1'
64-9, 67-9
87-0
447
65-0
N.CAR’LA.
j
3'
j 69-9'
!j 91-01
59*3j | 66 b;
44‘8j 482
80-0;! 94*0'
40'U1
4S Kj 51‘3
70*01
44-51
501
5*0
i
8. CAROL’A
87-O' 88-8 91-0
51-b! 55-1 40-0
72-3 72*7! 72-8
3;s-4
81-4
39-4
62-6
0* "1
91-0
81*4
86*0 I 93-0!
310
626
49-i
42-0 *
330j
62-5
t5-0j|
001 i 67-0
75-0. 77-0i 86-6
71-? 740 68-5
420
290 28-0
*4’'.
21-6 31 0 14'(Low est....
446
5C9, 53-1
5L-.
44-7
54-1
Average... 49’b
Aiken—
850
750 77"0: 80-0
09'(»
Highest.... 70-0 750
43-0
87;0
29-5
860
35(
6r-4
62-
85-8
910
74-0 80-0 75-9 i
71-8 80-4 72-3
Highest..
295 3 v9l 30 5! 88-3
27-51 33-9 13-36
—
Lowest
3
53*
9
54-8
j
5 fk
540 00-7 47'5
Average...
—
Spuitai- h'u —
Highest. .
..
Average..
70-0
15-0
45-4
07-2
29".“
58-5
49-*
39-r
SO-Ci
201
5u:
121
Statebvrg.—
Highest....
Lowest
Average...
Columbia—
....
08-0
81-6
48'5
70 4
22-o
30-0
51-8
50-U
120
45 b
3U-0
28-0
54 41 55 5
55 3
VII
I
67-1
Ol
89* (
84
36’t
040
35-o;
I
77's!
j|
65-b
70-0
50-0
60-0
j
45-6;
52*0j 49-0
69-7
94-0
j 700j 71-5
87-01
45-0i
89-0 93 0
550 400
7l"bi 74-4i 73-9
93-5'
70-0
Average
91-0!
88 0
53"Uj 52 0
72-6| 700
93 9
97-0
450
710' 73-7
47-0
90-7
92-6
880
93-8
43-0
66-4
*9*2
33’*
631
466
84-0
340
08-0
85-8
840
410
37*0
t'6'2
03-9
85-2
540
72 1
91-2 88'9
50-4 51-7
73-9 722
82-0
45 0
66-4
86-0
37*0
850
55-0
88-0
64-3
boo
86-0
490
70-0
830
85-0
0!
53-5!
420
07-1
890
8-2-0
3*0
62-4
850
50-3
80-8
40-i
58-0
090
4b-5
07-9
870
80-2
! 46-0
51-1 j 0oO
07-0
as-5
593
472,
56-6
57*6
77-2
29-9
55"7
755
300
57-5
70-8 75-0
30-2, 34-0
58-9 5tV7
75-0
320
79-0
31-0
570
750
750
110
78-o
2.v0
70;o|
27
Lowest....
Average...
Selma—
LOUIS’NA
Highest...
Lowest....
Average...
—
Highest...
Lowest.'...
A verage...
Qr'd Coteau—
Highest....
Lowest
....
Average...
L'berty Hill—
Highest....
Lowest....
Average..
VIISSISS’PI.
Oolumbus.—
Highest...
Lowest....
Average ..
52-8
471
54*
55-2
78-7
81-5
44 0
78-0
40-7
05'2
74-0
25-ti
53 2
00-3
80-8
43 8
02-1
80-8
35-0
58-0
74-8
32-5
51-0
78-2
77-2
81-0
83-8
83-0
345
50-3
198
34-0
010
*9-4
48’b
32-5
54 7
70-0
30-0
58-0
80-8
730
20-b;
54
79-1
36-9
500
81*5
77-0
35-6
60-2
400
1}
04-0
68-0i
710
3L-0
50-3
72-0
880
62-0
20-0
40-0
74-0
200
670.
530
38-0
740
2v0
52-7
79-0
37-7
59-2
74-91
Vicksburg—
Highest...
Lowest
Average...
Brookhaven—
...
31-5
Lowest....
300
Averuge...
48-0
L-’dand—
74-0
290
4V0
Highest....
Lowest....
23-0
Lowest....
Average...
40-2
Qloster—
28-i;
Average
57-0
.
ARKANS’S
Little Hock.—
r
18-0
Lowest....
72"!
Higuest...
JI
24-0.
Lowest....
Lowest—
Average...
Average...
Ashwooti —
Highest...
Lowest....
Average...
Austin.—
Highest.
.
Lowest....
Average...
71*0;
21-0
b50
45"b
68'7
920
420
0O-0
880
2s9,
550
860
as-(
810
420
64" o
39-0
070
90-0
520
700
89*0
5v0
72-0
90-0
520
700
930
420
92-0
87-0
4 70
34-0
00-5
04-0
70'4
52-0
690
91-0
55-0
70-0
94'0
5*0
760
84 0
850
3.ri'
001
86-0
89-0
88-0
300
440
47-0
91-0
4?0
57-5
67-4
71-8
70-0
83-0
94-0
8101
32-0
51-0
Average...
'
Mii'geviUe.—
Highest..
Lowest....
Average..
Rome.—
Highest...
Lowest...
Average..
Forsyth.—
Highest..
Lowest...
Average..
FLORIDA.
Jacksonville.
Highest...
Lowest....
Average..
Cedar Keys.Highest...
Lowest...
Average..
Archer—
Highest....
Lowest....
Average.
JXtusvil’u—
Highest..
Lowest..
A -<>»■« ire
0S-O
22-0
52 0
05-0
i.vo
490
78-0
31-0
56-3
730
30*0
53-0
72-0
78-0
23-0
54 0
31-0
57"5
88"0, 86-C
94*0
56-0
74"3
95*0
91-0
51’0
73 0
90-0
46-0
69 0
90-0
50-0
72-0
78-0
78-0
270; 28-0
53-01 54-0
78-0
26-0
539
32-0
64'0
31-0
628
74-0 ! 85-0
25-0 i 42-0
51-0 i 62 0
85-0
810
no
410
78-0! 74-0
27-0 30-0
51-0 53-0
62 0
62-0
76-0
130
474
82-0
28-0
55 9
82-0
800
91-0
38-0
86-C
36-C
92-0
80-0
90-0
4S"0
92-0
32-0
57-1
54 0
540
68-8
66’6
61-i
72-3
62-0
749
83*5
35 0
60*3
80-0
35*7
595
83-6
88-7
376
67-0
85*0:
44-01
93-0
87-0
599
88-0
49-0
70*1
66-5;
74-2
76-0
40-3
61-3
76-8
35-9
59"*
81-2
55*0
70
82-2
41-6
81*2’
86-5
Oj 67-3
65'8i
8-4-0
90-0
370
as 3
700
13-0
44-5
66-01
32-0| 33 0
730
32‘b
61*7
83-6
38-*
04-4
70-8
38 9
05'8
I
72-0
24-3
535
72*8
*0-5
54-0
1
'
80-0
320
26-01 ! 440
35-7
51*5
58-9
52‘b;
740
77-0
27-0
•
4v3
....
76 0
82-0
41-0
380
58-0
000
82-0
3»0
....
30-0
5j1
....
0a-8
j
...
j1
...
Palestine.—
Highest...
Lowest....
Average...
Fort Elliot—
92-0
4o 0
63-0
3 vo
....
69-5
....
73'5
55-0
74-0
050
I 70
0
VIRGINIA.;
Norfolk.—
Rainfall,in
Days rain..
-
96-0
500
70-5
90-0
5r0
85-9.
880
91-8
97-9
30'11
59-7
44-0
07 7
000
4V0
705
73'0
88-6 91-2
50-2 44'7
70'7 00-1
i
78-0
74-0
41-o!
28"0
49-0
30 0
bo‘4
0’.
2e-Oj' 4-vu 37'(, 30
oo-o J 01-5
o5-o 02-ui
690
83'6
76"0
0
54 4
25"^
4<’5
5l»o|
23"0l 28
L91
47*8
38"5i
,
89-8
33-5
00-2
!
04-0
<8-o|| 81-0,
82-01
;
89-7
:
45-0
913
300
63
8,
!
78-2
230
05-0
80‘0
0-81
39*91
64-01
26-0, wo;
11*0
423
5O 0: 350!
779
!
210
i 3b
310
59"b
08
4
88-4 :
37-0
00-0
76-8 8t-o I 86*0
430
299 ■20-7
00-0
53*7! 4vL
S7-*
3 vs
03T.
84'2
88-4
90-5 90-0
34-3
60-7
40‘U
69-2.
54"u
85-4
83-01
80-0
87-0
34"U
23'Ui
60-U
59-0.
90-U
si-o;
320
59-1
28‘U
47-1',
31-01
Uj 53-5}
82-21
23-8
i
i
'j
!
82-0
3“ 0
40-b
73-01 780
2U"U
i
46 3
28-0
50-u
472
1
77-0
75-0
78-0
21-0
240
49*4
230 1
48 5
18SS. 1887. ias«.
41-0 54-0
57-3; 75 0
86*0
34-0
08‘O
58-4
20 0 910
50-0 44-0792 09-9
\‘
75-0
79-4
42 5;
45-5
0U1| 65-2
81-0 85-0
240 21-0
48 2, 57-2
78*o!
40-0.
60-0
86 5
30-0
03-3
70-0
37-8
86-4 80-7
61*8 50-9
74’8; 75-9
SI-4
5L-2
71-2! 09 4
78-0
55-5
1
59*0 ;
80-2 '! 84-4
S7-0
27‘3
55" J'
88'3, 9C9 02S
0b"5
.80-2
03-0
480
704
40"5 52“2
72-1 738
fc8-0
37"-i
59*0
90-21- 78-0
29'0l 20 3
50-9! 53 9
93-0
92-0
96'0
40-0
39-1
00-0
430
0V7
89-0
3<"C’
00-2
90"0|
891
96*0
11
j
83"7j
14-oi;
44-2;
820!
270
53-8!
83-0
,
02-4
i
86-0
80-0
73 2
48-0
86-0
4i"5! 35*5
70'4i 08‘7
92-0 1005 97-5
580 5L-5 60-5
75‘1 70 1 70-9
673
May.
April.
March.
1888. 1887. 1886.
1888. 1887.
1888. 1887. 1886.
92-0 94-0
500 520
742 74*0
2 VO I
28-0
0j-O; 62-2
34'0;' 5 Vi
50-9 !
]
]
4*38
2-30
0-97
337
310
8-4Q
1-91
14
8
8
12
8
17
8
13
4-55
11
l-M
13
2-15
8
4-74
11
1*48
5-00
11
3*90
8
3-20
8
4*41
9
5-62
2-41
16
3-07
2-10
8
7-41
10
4-30
11
1-02
2-00
7
4
8-84
14
7S-6
37-0
61*4
90*01 80-0
82-0
82-0
32-U
626
81-0
35-0
589
78*0
23-0
52-0,
32*0
81*(
84-7
44-1
78-71
3'-3
87"0; 82-7
41"0! 89 4
07-9
57*4
0.s*4
84-0
20 0
03-Uj 55-31 50 7
860
42 4
62-31 622
94-0
42 0
72-u
.
36-0
02-2
44
4|l Ove
89-8
44'0
86 0
71-6! 69-5
66-1
86 8
56 0
44*2
75-3
88-0
620
75 3
WUmingt'n—
86"7; 86-8
57 0 59 2
74 9 74-0
Rainfall.in
3-30
Days rain..
14
84-0
52-0
68-2
90-0
50-0
72-0
00-7
54-3
73-9
93-1
57-6
74-4
Rainfall,in
Days rain..
Weldon
—
Charlotte—
Rainfall,in
Days rain..
Wilson—
Rainfall,in
Days rain..
Moryanton.—
Rainfall,In
Days rain~
9
2-93
4-26
10
4-81
10
2-76
6
6-22
11
3-94
284
*
2-38
4 !
4*17
9
3-80
8'
6*00
7
6-12
0-87
4 )
*19
7 !
3-30
9
8
5
5
401
8
6-39
11
no
i
86-8
00-4
74’0
399
60-0'
41-9
N. CAR’NA.
56-51
80-0
41-0
080
f
....
4-03
10
91-3 91-8
55*3 55 9
73-6! 75 8
511
732 71-5
J{
1
71-0!
?
SS-7J 84-9!
£50
75-0
25-0
47-2
70-0
i
i
180
495
52-0
71-4
0
0L"‘J
70 7
24 0
40-6! 49 2
00-31
—6-0;
354
82-U1
po-0
1 050
95-0
50'0
73'0
08-7
4.1*0 i
75*0
2-61
v
86*0
48-0
4301
08-Oi
0-22
13
..
89-0
860
*4-0|
February.
Rainfall.
.
800 i 8S-5
4U-0 1 450
69 1
01*11
78-0
3oo
554
I
81*1
22-8
650
74-9
100!
47-2
62
41-0! .430
8.4-0j 95-0
!
....
252
49-7
04-0
74*7!
«...
80-5
71-0 0 -0
13-0 2 i"0 — b-o!
43-5! 6O-0I '30-7!
75-0
333
53-3
82-0
04-2
1
05-0
5b"8
980
300
62-2
....
)
41*0; 49-0
TEXAS.
Galveston.—
05- J
3v5
43-0
714
i
81-7
32*5
60-2
58-1
29*0
64-7|
i
27o
76-0
82 8
2r0
50-3
-
07-0
79-0
14-0
720 0HO
2301 11-01
74*0
20-0
921
50-9
73'3
83-0!
300
00-4
70-0
....
llOj *2 7
90-0
58-1
7V9
80-1
T
41*3} 49'3
89-0
500
71"7
83-5
31-2
by 7
....
60-2! 74-9
68-0
600
TBNNES’E.
Nashville.—
Highest.
Lowest....
Average..
40-0
704
5UO
800
I6*5i luy
44-5 45-1
500
02-0
87-0
07 0
02-0
Average... i 45 5
tort Smith— j
Highest... | 69-8* 75-1
880 90-0
44-0
09-0
803
5*0!
91-0 j
70-0
28-0
5U-U
90-0
705
930
020
82-0
290
440
4j"9| 475
Average...
Helena—
90-0
58-0
7b"5
500
74"4
300
1
75-0
Highest...
95-0
46-0
70"5
691
90-8
50-2
745
59 3
820
34-0
540
....
89-2
80-0
77-0
•
85-7
55"5
747
m
759
754
"240; j 34'0
340
590
•
as-H
405
07-b
450
750
78-0
•
52 9
045
70-0
200
45-0
30*0
550
810
29 0
55 0
98'9 101-2
51-8
727
74-0
24-0
47-0
87-2
8-6
4L4
72'2
70-2
89-5
57-0:
88-1 82-0!! 88-0! 8S*7 91*0
65-3
vl>>
Highest... 78-0 77-2 737
33-0! 44-3; 57-1 440
Highest... 080 28-i*
52
3*1
94
24*0! 25-2; 2701 39-7 86-3
8-4
Lowest....
l.'-U
60-54
■
68-Is- 72-0 69-2
62Lowest....
04-1
501
38-9 39-9!
1
420
5uO| 50'?
Average...
49-6 52-7
Average...
9.3-0
0'i.eburne—
89-0 83-4 1 90-6! 89-0
Savannah.—
5
8
78-5 81-2 77-0 5
79-7 70-3
Highest.... 700 76-0 84-0
72-0 3
40-0: | 5r5! 56-0
Highest..
32-0: 325 33-0, 478 35"5
19-0
34-9
Lowest.... 29-0 15-0 10-0
*70
75*0
725 4
72-5
Lowest...-0
63
60-6
57-2;
565
56 4!
Average... 47-6 48-0
55-2 18-7 50-0
Average..
j
Austin—
85-0
£90
0
88
80*0!
83-0
Columbus.—
83-0
690' 72-0 71-0! 5
69-0 600
Highest.... 80-0 80-0 80-0
020 4
Highest..
50-0 45-o! 35*0 j 55 0; 66-0
440 25-0 25-0
31-0; 29 0 28-0
12-0
Lowest...
43-0
21-0
■1*0 77-0 730
Lowest....
66'Oi
64-0
1
68-0
52-0
39*3
52-0 528
Average... 574 40-1
510 50-0 43-5
63-4
88-0
450
74-0
88-3
37o
790
22-0
49-0
32-0
50-8
tf
1
70-0
76-0
..
Lowest....
85*1
51-0
700
I
70-0
80-0
70-0
Highest....
!
86-0
5U'0
71*8
615
13-u
910
01-0
•
90-9 90-7
62-1 57 4
75-2 72-0
90 0
5d"3
27"8j 28-9) 25-61
Lowest.... *2-0
54"U; 53-2i 542,
514 54-9 44‘7
Average..
i
Atlanta.—
48
77-3! 753' 73-0!
•
73-5
88-5
00-0
72-8
420
8a O
54-7! 50-2!
82-0|
•
910
51-0
76-0
59-0
855
410
050
400,
38-9
82-7
600
75-7 72-7
....
750
78-0
10-0
45**
79-0
350
57-0
050
Highest....
040
851
80*7
71-3
040
•
75-0
49-0
005
16-0
48-1
61-0
3b-6
78-8
70-9
30-6
03-8
86-0
20-0
68 5
80"
78*0
38-0
32-0
55-0
Greenville—
28 01
52*5.
59o
72-0
Highest...
Highest
54-4
33-01
560!
2«"3
73-7
*8-0
52-0
.
N. Orleans.-
8hreveport
15-0
40-0
720
21-0
Lowest....
Average...
05-01
76-0
30-0
57-0
67-0
Highest...
49-7
750
33-0
58-0
60-0
26-0
527
Highest...
Lowest....
Average...
Auburn—
70*?|
19-3;
80-5
30-0
625
75-3
300
5G-3
Highest...
Lowest...
Average...
..
GEORGIA.
Augusta.—
93-0
49?
32-4
90-0 90-5
820' 75-0
75-0 G9-0
45*0
30o
41-2
2C5 29-0' *27*0
10-0
29(i
22-0
7T2
Highest...,. 720
06-1 62-3
51-0
53-8
52-8
39
0
5o'9
00
4
50-0
Highest....
Lowest....
00-1
790
308
Highest...
Lowest....
4 30
86-0
92-1
4b*5
724
82-1
14-4
Memphis.—
9*0;
£8'1!
92-4
305
73-0
34-0
Average...
8-39
87-5
Wilniington87 5 £5-7 86"?j 65-5'
76-5 81’9( 78*1
68-7 75-0 70-5!
470 472
Highest.
878 82 9 30-4 j 50-7!
27-7,
24"4
i
28-8
10-0
27*
17-2
70"2
71'1
02* 1
9
5
Lowest....
6L-7
51-4
54-7 45-C
419
Average...
88-0
91-0
£90
Weldon.—
910 83-0
75-51 77-0 79-0
74-0 0s-o!
4*0
3r5 3r0 410 i 410 5 V0
Highest... 73*0 **-o
l-.-lji
7-0
sl»*Uj
250
70-6 63-9
Lowest.... 18-0
56*5 55-1
45-7 i
431 40-* 3b-2
Average...
90-9 92-0
Charlotte—
91*0 89-3
79-7, 76-0
79
08-0
450
50-4
Highest... 7<»-9 70-8
8S-3 32-1 32 5|
*0
0
26-H|
24-J
59
155; *5-C
59*4 59i. 67*3 70-6 68-3
Lowest....
4 90
47"7!
48"5
j
03"*
40-1
48-5
Average... 40-1.
91-0; 96-0 92-0
Wilson—
94-0 88-0 02*0
760 800' 82*0
72-C 60-0
49*01 48-0 490
300
880 30-0
Highest.... ??•<>!
ili-Oi
200
20-0
7-0
20-0 20-0
71-0! 74’8 72 3
64-1
0
6
Lowest....
62-4
4i**4
!
40-b
46-5, 50*5
j
Average...
0-49
82-n 81-0
77-0 74*0 88-0
Morgan ton —
70-0 80-0
05-0 68-0
54-0 50-0
400
Highest... (5-0
850 27 0 39-0
39
18-t!
26"0.
0
u-o
03-«! 65"5 737
55"5 58-6
Lowest.,.. 12-0. *0-0
4u‘2
44-7
47*6
j
Average...
42‘8j
j 52-1 52‘t
84-3
39*7
06-0
78-7
Clarksdale—
|
87-1
09-8
*49
545
Lowest....
Average...
May.
April.
March.
February.
80-0
440
0V 7
72-0
32-0
52-0
Average...
39,090
overland)
2,550
19,2' 6
7,902
Burnt North and South in 9 months....
8,255
9,180
3,303
Etock at North’ll interior markets June 1
113,822
53,419
112,184
Came in sight during May
6,783,521 6,308,20: 6,400,:-9 3
Amount of crop in sight June 1
486 56
487-36
Average weight of hales
I
11
Weather
78-0
79-0
380
00-0
ALABAMA
&<5,385
1,158,202
64,938
807,051
133,147
5,172,345
37,862
90-0
76-1
83-0
31-0
601
Mobile.—
cluded in net
88-0
60-0
74-5
72-0
18C
490
Montgom'y.—
1885-36.
fc3,038
43,861
1,350,812! 1,241,42?
20,993
41,186
771,792
936,716
47,426
131,498
5,364,305 5,172,415
69,222
220,745
4,203,614
4,282,98 >
358,112
401,885
1,654,949 1,497.523
356,030
398,000
91-0
570
7oO
83-0
38-0
07*2
82-0
40 0
03-0
Highest...
Gross
Lowest
..
87 0
44-0
068
74-0
30-0
59-3
Lowest....
1887-88
Charleston
-
0
118
5
2-36
7
1*84
3-88
0
12
2*50
4
0-81
5
1-74
7
5-30
3-81
7
1*75
7
4-90
2-75
8
4
4
504
19
14
8'3£
10
1-18
10
8*07 2-U
7
9
3-64 11-04
10
9
5-89
15
2-70
1-45
V
4
13-02
15
7*50
2*18
15
5
Rainfall,in
Days rain..
gparianb'g —
Rainfall,in
Days rain..
tStateburg—
Rainfall,in
Days rain..
Aiken.—
Rainfall,in
Days rain..
Columbia.—
Rainfalljn
Days rain..
GEORGIA.
Augusta.—
Rainfall,in
Days rain..
1880.
1-00
2-f9
19
2-13
7
3-04
9
0-50
0
2-00
11
2-30
7
3-53
9
1-19
9
6-00
3
5-05
20
2-30
8
8-10
11
2-55
8
6-43
12
1-40
2
1-08
10
3-77
12
4-OS
11
1-89
1-401
7
5-90
0-97
7
4-40
9
0-83
3
1-81
1-41
8
524
7
3-89
10
2-20
|!
9
0-98
3
5-75
7
1-00
3
277
5
3-10
5
0 08
7
384
5
9
5-58
10
425
11
232
1-20
!
0-20
1-52
7
5-99
5
0-91
8
2" 17
2-70
5
0-G0
13
3-01
5-53
9
8
12
10
!
;
2
12
454
2-95
11
14
5-91
3-74
14
Id
7-87
j 11
1
1-70
~.~Q
t
1-53 j 8*10
11
7
0
«
303
14
1-86
0
6
4-f9
10
1-01
10
0-29
10
1-43
»
0-80
15
1-70
11
0-81
8
206
8
3-00
9
2-73
11
4-37
0
8-51
9
4-20
5
2-47
5
1-99 1110
10
11
1-34
4
1-38
8
r
2 24
7
310
14
| 0-71
2-0G
8
0-70
7
!
4
1
l
CJoluinbus.—
Rainfalljn
Days rain..
M U'geville.—
Rainfalljn
Days rain..
Rome.—
Rainfalljn
Days rain..
33^
9
8-15
10
0-77
9
1-87
0-34
7
5-35
1-56
4
290
9
4-00
7-37
M
13-70
1 12
3
2-02 10-91 !• 2-04
9
4
3
1-40
3
329
3
2-07
5
5-71
0
1-77
3
1-29
5
3-17
8
2-59
5
1T5
3
255
5
2-95
3-05
0
8
313
4-05
4
1-88
8
10
8
!
10
Forsyth.—
Rainfalljn
Days rain..
10-81
!
9
....
9
2-45
4
! 9-03
j 10
3-3f
9
8-75
0
2-95
3
5 93
12
2-20
5
11 50
11
3-2!
0
3-07
9
055
4
591
11
FLORIDA.
'
Rainfall Jn
Days rain..
•Cedar Keys.—
Rainfalljn
Days rain..
Archer—
Rainfalljn
Days rain..
'Titusville—
Rainfalljn
Davs rain..
4-38
13
0-31
3
1-87
7
1-57
35
0
4
S-78
11
0-19
1-17
0-94
5-41
12
7-1.
12
2 allahassee—
Rainfalljn 8-10
Days rain..
ALABAMA. [
Montgom’y.—
Rainfalljn
Davs rain..
7-07
13
Mobile.—
Rainfalljn 10-33
13
Days rain..
•Selma—
Rainfalljn 7’05
Days ruin..
'
Auburn—
Rainfalljn
4
8
0-38
1-57
1-34
3
4
4
1-10
7
1-18
0
8
1'15
1-80
5-45
12
2-10
7
7-47
12
4-10
5
11-51
12
6-62
2*15
9
G
0-74 ; 0-03
’9
9
1*?
6
4*1
5
i-33
•
3-19
6-00
5-10
5
2*15
7
1-18
7-38
9
9-791
0-30
0-72
6-8G
10
0‘9£
5
9
j 4-19,
4*31
3
5-75: 10-20
5
8
11-24
0
la
1-08
7
5
!
7
i
i
292
20
5-58
1-90
13
4
2-01
3-31
4-77
14
17
7
0-4£
337
!
18
7
!
0-00
1-28
13
8-03
10
2-37
7-
1-37
5-90
5
9
Rainfalljn
Days rain..
L iberty HillItainfallJn
3-90
2-37
4'82
0-30
Days rain..
10
G
4
10
4
1-83
8
4
; 3-22
0-89
10-40
n
2-R0
5
2-15
5
5-19
17
2-84
13
2-95
0
7-30
9
3-00
11
1-27
5
5-90
15
2-90
9-00
8
,
5
io
227
4
1-79
5
7-00
4
1
1-59
5
'
0
3-09
7
373
4-02
7
9
8-41
13
0-32
1-89
1-87
5-00
8
0
7
4-49
0-44
5*14
9
4
15
2-28
3
2-00
2
592
2-08
9
0
1-77
2
i
9-75
8-90
12
9
Aurauia, 475 ...Britan¬
1,334... Gallia, 918....
Sirius. 266
Wyoming, 1,216
To Hull, per steamer Maiengo, 2 447
To Havre, per steamer La Champagne, 618
To Hamburg, per steamer Australia, 50
To Antwerp, per steamer Noordlaml. 1,8 0
New Orleans—To Liverpool, per steamers Saturnina,
6,298
2,447
618
50
1,S5Q
5,050—
7,505
Venezuelan, 2,455
To Hamburg, pi r steamer Azalea, 442
442
Newport News—To Liverpool, per steamer
Baltimore—To Bremen, p. r steamer Weser, 2.198
Boston—To Liverpool, per steamers Bavarian, 851
,
2,347
2,198
2,347.
Ccplialo-
nia, 440... Kansas, 1, 98
To Yarmouth, per steamer Yarmouth, 70
Philadelphia—To Liverpool, per steamers British Princess,
-
2,989
70
2,872
Lord Gough, 1,170
1,690
2 *,686
Total
add the clearances this week of vessels carrying
ports, bringing our data down to
the latest dates :
New Orleans—For Liverpool—June 2—Steamer Historian, 1,0G9...»
Below
we
8*03’
2
1-50
2
0-50
7-41
12
7
0-08
8
8
5-17
C-85
1-95
3
8
2
3-77
5 i
5-52
0-25
7
1
MISSIS’PI.
4-40
10
3-54 12-25
7
1 10
2-94
5
9-48
10
252
5
351
0
4-77
3
4-13
17
4-97 I 7*82
9 j 1
12
2-77
7
0O7i
14
2-44
5
0-75
9*99
13 i
Vicksburg.—
Rainfall Jr
4-90
13
Days rain.
@roukhaven—
Rainfalljn 10-50
Days rain.. 15
•Greenvilie—
Rainfalljn
Days rain..
tAland—
Rainfalljn
Days rain..
'Clark^dale—
Rainfalljn
Days rain.
«Glnster.—
Rainfalljn
Days rain..
ARK’NS AS.
1Little Eock.Rainfall Jn
Days rain..
l
7
1
3-51
8
2-89
2-50
8
10
355
11
5*40
11
152
8
0-90 ; 12*50
0
12
1-80
4
13
1-30
2
1-20 14-801,
5
12 t
3-10
12
0'-5(>
10
2-50
8
1-20
0-00
!
2-41
G
4-42
14
5-51
3-44
499
7
3-58
8
2-84
7
4-70
8
8-50
9
0-30
8
i
|
4
274
4
5-59
12
1-00
1
1-69
5
4-70;
4-54
3-10
7
0
10-00
3-13
5
3-30
8
1-93
5
1-91
5-04
9
5-03
9
3-67
2-51
5
2-80
3-21
8
4-50
10
0-52
3
1-70
2
2-30
275
4
4
J
13
j
8-47
8
5-45
9-5<
15
4-80
•..
.
9-8S
9
....|
1
4
4
#
...
4
111
1
4
|
1
6-42
13
8
■Relena—
5-C0
4-28
8 j
14
4‘54
0
....
3-72
15
0-49
0-84
8
4
3-02
12
P08
7
0-08
15
5 09
9
l
Rainfall Jr.
Days rain..
Fort Smi h—
Rainfalljn
Days rain
.
9
9-30
13
4-25
7
324
8
3-02
7
2-35
3-00
10
1-53
5
3-02
10
7*24
10
2-40
12
8-G5
15
5-71
1-77
11
4-34
14
Days rain..
Days rain..
4*10
2-31
10
7*29
14
9
!
3-7S
13
8-17
14
249
8*37
15
11
3-8-2
13
•
0‘ 10
3-30
14
11
5-40
10
0-43
10
4-IS
7
4-70
10
4-18
r~
i
,
1
2-07' 2-30
8
7-02
14
2*89
8
2-33 12-57
11
13
4-79
3-31
8
5-(0
1-15
11
0
7-4-;
1U
4‘;>0
9
i-40
b
8
U T.
!
1
10
454
9
4-80
3-72
7
2-34
0
c.
.
sail
Do
*4
mmmrn
c.
Hamburg, steam c.
sail...c.
Do
Amst’d’m, steam, c.
via Leith.d.
....
....
....
....
....
.
2*35
2-831
15
11
14
m
....
25;
25*
25*
....
.
.
.
....
932
032
....
....
....
14'^932
J4®932
932
....
•
25*
....
•••
25*
25*
....
....
.
932
®32
....
932
•
....
....
d. 211281164 2112Sn«4 211281164 211281164 £115S1104 21128HC4
Reval, steam
sail..-.. ..d.
Barcelona,steam d.
.d.
Trieste, steam...d.
Antwerp, steam d.
Genoa, steam
..
....
....
....
....
....
....
3lfl
31G
31«
316
316
31«
3ie
316
310
S1G
310
3] S
732
732
732
332
•
732
732
332
33.2
732
3w‘7i)7r£,
s<*2'®70«
Per 100 lbs.
Liverpool.—By cable from Liverpool we have the follow¬
ing statement of the week’s sales, stocks, &c., at that port.
We add previous weeks for comparison.
May 25.
May 18.
June 1.
Sales of the week
bales
Of which exporters took....
Of which speculators took...
8 lies American
Actual export
48,000
4,000
3.000
30,000
28,000
2,000
1.000
45,000
3,000
23,000
35,000
8,000
11.000
14.000
Forwarded
total stock—Estimated
Oi which American—Estim’d
Total import, of the wetyk
1.3,000
773,000
15.000
7 ♦ 7,000
553,000
5 M. 000
54,000
41,000
10 ,000
45.000
20,000
119,000
47.000
50.000
Of which American
Actual count—29,080 bales
bales American.
Tlie tone of the Liverpool
2 10
14
m
932
932
932
0-33
4
!
9
.. .
....
0-51
14
ii
932
°32
9p ■>
....
B64
....
....
®35
5-40
9
2-88!
2-80;
2-01
2*8 81
10 ‘
11
4-02
11 1
|
2-81!
!0
j
i
2-Si
1-9S
12
2-31
8
8
o
Rainfalljn
Days rain..
474
H
3-S7
1.0
o
Oo
9
0-4-
1-45
4-02
13
4
11
Rainfalljn
Days rain..
o -«i
5
7-54
9
tkilestine —
Fort Elliot—
!
3-13
*
U
i
0-02
!
8
0-74
3
0-00
0-4 U
5
1-41
1
0-19
1
1-49
8
'
2‘SO
11
14
1-75
0
1-71
2‘18!
1-74
2-S5
10
0 32
5
3-31
13
2-49
1-70
3-94
4
(5
i
<4
Inapprt ciable.
0
r-
I
9
0-0 4 ’
12
2"75'
io
;f
2-G9
0-00
244
8
9
b
5-U
2-34
11
8
2 58'
10 1
0-57
*
1
'
7 "22
j
5-181
2T5i
8 !
!
Cleburne—
Bremen, steam
c.
c.
®€4
....
Amount afloat
Of which American
3-43
1-05
5
7
9
1-Sf
5
°
sail
Fri.
Thurs.
*
added
as
June 8.
50,000
4,000
2,000
40,000
7,000
15.000
121000
*782.000
*57 7,000
748,000
552,000
40,000
58.000
40.000
1' 3.000
35.000
31 ,()00
88,000
30,000
correction, of which 27,923
market for spots and futures each
day of tli© weekending June 8 and the daily closing prices
of spot cotton, have been as follows :
'
l
•
Austin—
Rainfalljn
Havre, steam
Wednts.
6«4
5«4
564
....
2-63
5
2-97
10
10
sail...d.
Do
9
2-11
11
|
Saturday Monday. Tuesday.
Spot.
200
10
3-48
Market,
(
Small
More
Small
10
12:30 P.M.
j
inq uiry.
doing.
inquiry.
3-32
254
0
Mid.UpTds.
5°8
5^
r>ns
Mid. Orl’ns.
57i6
5",<*
5,000
10,000
1,000
11
Sales
-
Rainfalljn
Days rain..
Liverpool, steam d.
Tues.
Mon.
Satur.
1,273.
Wed nes.
Thursday.
Steady.
Steady.
Friday.
l
„
Rainfall,#.
Days rain..
■-
2-98
I
.
175.
Philadelphia—For Liverpool—June 5—Steamer British King,
Cotton freights the past week have been as follows :
3*09
9
i
Memphis.—
Rainfalljn
Days rain..
Ashivnod—
Rainfalljn
Days rain..
Austin—
Rainfalljn
I
2-01
5
'
TEN.NKS’E.
•Nashville.—
Rainfall Jn
June 4—Steamer Caspian, 906.
For Bremen—June 2—Steamer Main,
For Rotterdam June 4—Steamer Urbino,
0-45
1
0
i
i
2-49
o
711.
1—Steamers Bothnia, 299; Marathon,
1,800
June 5—Steamer Norseman, 1.44o.
Steamer Yarmouth, 25.
For Yarmouth—June 5
Baltimore—For Liverpool—May 31—Steamer Barrowmore, 042....
Boston—For Liverpool—June
*
i
4-50
Steamer Mayaguez, 2.205 (from steamer Kimbe ley).
Newport News—For Liverpool—June 5—Stearae Martha,
Do
j
£>•15
12
Robilant, 1,535—June 5—
Norfolk—For Liverpool—June 2—Steamer
Do
3-78
7
.
Nantes, 1,058.
June 2—Steamer Coronilla, 1,495.
Charleston—For Bremen
l
1
Rainfalljn
Days rain.
June 5 Steamer Architect,
For Havre—June 5—Steamer
Do
307
0
5*15
344
12
•Columbus.—
°
7
3-29
4
8
5-80 :
1-93
2-47
8
14
3
7-44
9
*
reported bv telegr^nL and nnhMsbed
New York—To Liverpool, per steamers
nic, 2,089
City ot Richmond,
0-71
13
11
339
5
•Qrd. Coteau-
‘Galveston.—
!
4-4E
12
5
2-81
i 5
1
11*10
0
2-27
4
11
1
1
14-02!
1-70
t-61
7-75
8
2-59
5
3
0-03
2
3-17
13
5-40 7-15
14
15 i
1-33
2-1:
8
3 00
7
0
0-09
2
14
7 24
11
4-31
!
i-14
10
4T5 8-08
7 1
9
*
«:Shreveport.—
Rainfalljn
Days rain..
I
3
0-70
9
7 34
8
4
6-87
8
Days rain..
11
AOUIS’ANA
New O leansRainfall,in 11-21
13
Days rain..
TEXAS.
evnorts
same
cotton from United States
JacksonviUe-
„
the
Total bait*.
2T7
!
342
12
are
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday
..
7-42 ; 0-87
0-04
5
19
i lU
0
j
0
Jute Butts, Bagging. &c.—There is only a light inquiry
for bagging and the market i«i quiet.
Prices ar-* steady, and
sellers are quoting 6@6^o. tor
lb., 6^'®63^c. for
lb.,
7@7J4c. for 2 lb. and 7^@7J4<5. for stanoar i grades. More
activity is report°d for jute butts and a firmer feeling is re¬
5-82
12
1 6 ported. Sales of paper grades are reported at l%@l*95c., while
bagging qualit'es are quoted at 2}£@2}£c.
10-00 1-44 113-23
5
Shipping News.—The exports of cotton from the United
j 10 1 12
States the past week, as per latest mail returns, nave reached
0-08 ! 3-03 3*13
8
10
10
29,686 bales. So far as the Southern ports are concerned, these
4-20
15
3-61
U
Atlanta.—
Rainfalljn
Days rain..
Sava/nnah.—
Rainfalljn
Days rain..
1888.11887.
'
g. CAROL’A
Charleston—
May.
I
1888. 1887. 18S0
1888. 1887. 1880.
1888. 1887. 1880.
1
April.
March
February.
Rainfall.
745
THE CHRONICLE.
1888. J
June 9,
1
3-19
8
!
4-84
5
0-03
0-70|
0-30
U
2
|
1
0-23
3
*
11
11
2
5-87
15
012
0*00
X
0
.
V
4
5-04
9
j1
5^8
5»8
57i«
57i0
57i*
10,000
1,000
12,000
1,000
10,000
1,000
Quiet.
Quiet.
Steady.
8,000
1,000
5%
Futures.'
Market,
12:30 p.m.
{
{
Quiet.
Steady.
Steady.
.
Barely
steady.
Barely
Barely
)
Stead y.
Easy.
Easy.
steady.
steady.
$
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
Market,
4 P. M.
5-20' 53u
5 .0
Fair
business
2
7-01!
11
Spec. & exp.
-
'
otherwise stated.
price* are given in pence
f> 63 64d., and 6 01 means 6 l-64d.
The
|
Flour.
Receipts at—
5 63 mean*
and 64the thus:
[?OL' XLV1.
CHRONICLE.
THE
746
Barley.
Oats.
Com.
Wheat.
Rye.
Bbls. 1 Mlbt Bush.60 lbs Bush.56 lb* Bush.32 lbs Bush.48 lbs Bu. 66
47.785
21,395
2,301.855
2,650.363
106,361
120.813,
Chicago
000
60
13,650
3,92(1
16,740
215,579
47,806
Milwaukee..,
909
2.800
62,179
13,139
Toledo
2.253|
39.444
9,859
40.449
41,720
2,185
....
June
Open High Low. Clot
Open High Lor*. Clot.
Open High Low. Clot.
5.
Tuea., June
Dion., June 4*
2.
Hal., June
-
Detroit
Cleveland.
<L
d.
d.
23
5 23
5 23
5 23
522
5 23
5 22
523
<L
d.
d.
d.
±
d.
d.
d.
d.
523
5 23
5 23
5 24
5 24
5 23
5 23
5
5 23
Jnne-July..
5 23
5 23
5 23
5 23
524
524
5 23
6 23
5 24
5 24
524
6 24
5 23
523
5 21
5 21
5 24
5 23
5 24
5 23
July-Aug...
Aug.-8ept..
September.
Sept.-Oct...
5 22
5 22
5 23
5 22
5 23
5 13
5 13
42 881
15,222]
58.904
25,850
519.955
252.W30
11,560
142,000
287,000
2,8v*3j
PeorU
r
19®
4,100
4,200
7,800
6,050
775
222,458
78,047
Duluth./.....
57.423
6,3571
..
3t. Louis
033,840
Minneapolis.
523
5 23
5 23
5 23
5 23
5 21
5 22
5 23
5 23
523
5 23
5 22
5 22
5 22
5 23
5 23
5 23
5 22
Tot.wk. ’88.
275,575
1,439,448'
?,494.138,
8.010 4'4
87/911
33.24®
6 23
5 14
513
5 13
5 13
5 13
5 13
5 13
Same wk/87.
209.985
3.198.732
1,979,713
1,259,803
92.819
514
5L9
5 09
5 09
Same wk/80
172.296
1,541,233
2,387,002
2,232,720!
21,419
29,168
Since Aug 1.
10.6^9.347
9.146 224
98,911,795
76.917,202
67.341.670
80.327,179
75.100.744
59,001,035
7,382.023
53,050,936
82,350,915 54.553.418
5 13
513
Oct .-Nov...
5 09
5C9
5 09
5 09
5 09
5 09
5 09
5C9
5 09
5 07
5 07
5 07
5 07
6 07
5C7
5 07
5 07
5 07
5 07
5 07
5 07
Nov.-Dee...
5 07
5 07
5 07
5 07
5 07
5 07
Dec.-Jan.
5 07
..
5 07
5 07
5 07
5 97
5 07
1887 -8
1880-7*
....
1885-6*
Wednea.,
June 6.
Open^ High
Law. Clot.
Open High
Open High Low. Cl08.
June
Frf., June 8.
Thura., June 7.
d.
d.
d.
(L
d.
d.
d.
d.
d.
5 23
5 23
5 22
5 22
5 23
5 23
5 23
5 23
5 24
5 23
5 23
5
I
!
*
5 24
5 23
5 23
5
2J
5 23
5 24
5 23
5 23
5 23
5 23
5 23
24'5
24
Jnne-July.. 5 23
Jnly-Aug .. 5 23
Ang^Sept.. 5 22
September. 5 22
Bept^Oct .. 5 13
5 23
5 >2
5 22
5 23
5 23
5 23
5 23
5 23
5 23
5 23
5 23
5 23
5 24
5 22
5 2 l
5 23
5 22
522
5 23
5 22
5 22
5 23
5 23
5 23
5 23
5 13
5 09
5 22
5 22
5 23
1
5 22
5 22
523
5 13
5 13
5 13
5 13
5 13
5 13
6 13
5 14
5 14
5U
5 09
5 08
5 08
5 09
5 09
5 09
5 * 9
5 10
5 10
5 09
5 09
5 07
5 00
5 06
5 07
5 07
5 07
5 07
5 08 5 08
5 07
Nov.-Dee... 5 07
5 07
6 07
5 06
5 00
5 07
5 07
5 07
o
5 07
5 07
Dec.-Jan... 6 07
Oot.-Nov...
5 22
j
07
j 5 08 j 5 08
week extra.
one
shipments from Western
ports for last four weeks were:
d.
(L
Week
,
endiny—
June 2, *88.
May 26,’88.
May 19.’88.
May 12.’88.
Wheat,
bbls.
bash.
401.901 1 437,260
Wheat,
flour and meal has been sluggish through¬
out the week under review, and values were weak and un.
settled, although the range of quotations sho-vs very little
Philadelphia...
Baltimore
72.656
change.
The demand for
PRICES OP NO.
July delivery...
..C.
Sat.
90 %
c.
01%
.
c.
.0.
.c.
May, ’89 delivery
Indian corn
.c.
.
2 RED WINTER WHEAT.
Tues.
Mon.
90%
90
91
9'34
92%
9134
92%
92%
92 %
95%
99 %
92%
95
955s
9914
1 00
1
Wed.
91 %
92 4
Thurs.
Fri
91%
92%
91%
92%
9318
93 4
96 4
93 4
93
93 %
96
00%
1 0u%
93%
96 *4
1
..e.
Sat.
62%
62
62 %
63
62%
62%
63%
September delivery.
October delivery
..
..c.
,.c.
63 %
....
....
61
61 %
61%
62
62%
62%
61%
62%
62%
..e.
19,100
.
450
Rye.
Total
*
Exports
6.489,829
26,932,726
11. 61.737
44.3*55,823
14,932,753
2,-89.153
46,005.550
14,878,922
293.074
601.598
13,049,002
2.187.865
469,236
16,529,597
2,305,939
73,452,540 80,321,606
for the week
statement:
from the several seaboard ports
shown in the annexe!
Wheat.
from—
Bush.
New York
Boston.
Portland
Montreal
61%
*1885.
*1886.
Include one week extra.
The exports
60%
22,500
5,172,216
ending June 2. 1888, are
00%
5,514
1,850
13.854
6,109,246
34,119,434 65,838,086
grain
600
for the period from Jan,
for four y *ars:
23.19 *.257
1,989.450
149.401
NO. 2
and
364,068
Pinladel
Corn.
Flour.
Oats.
Rye.
Peas.
Bush.
Bbls.
Bush
Bush.
Bush.
177,854
36,165
64,018
34,421
159,671
19,499
8.571
7,709
1,4.19
2,8 49
......
128,011
.
L
Baltim’i e
S'. Orl’us.
N. News
Riclnu’d
25.295
62,856
.
69,561
594
.
.
3,200
......
.
'
492,079
Tot. w’k.
S’me time
1887.
2,534,949
..
MIXED OATS.
161,841
137,012
2,849
475,822
108,529
129,271
The destination of these
Tues.
Wed.
38%
3878
38%
38%
37%
38%
37%
38%
Th/urs.
36%
37%
34%
33%
34%
33%
34%
33%
34 *4
33%
33 l2
33
Fri.
36%
37%
33 %
33
150
3,300
652.035
1887.
13,247.659
12.439,846
Barley
the closing quotations:
The following are
49,751
45,268
6,293,073
busli.
Wheat
Corn
Oats
60%
Mon.
JSat.
,.e.
54.325
24,108
10,955
bush.
1,464
70,980
.
OBING PRICES OF
.c.
15.528
1883.
60
irre gular; white grades are scarce
3 in lull supply and close lower.
July delivery
194,213
5,976,740
bbls.
Flour
50%
60%
60%
61 %
61%
61 %
40,200
0,202
The total receipts at the same ports
1 to June 2, 1888, compare as follows
Frf.
Thurs.
1.200
8 '3.472
2 MIXED CORN.
Wed.
61
147,600
759.7 43
Total week. 292.56 t 1 .19 4,665
Oor. week ’87.. 274,999 2 ,284,905 ]L, 129,3 11
scarcity.
Tues.
563.400
76,360
-
Rye,
Barley,
329,104
19,148
..
Mon.
bush.
856
Western
PRICES OF NO.
Oats,
bush.
1.907
55.3 0
has declined sharply under the b. tter weather
for the growing crop and increased receipts at
markets, dispelling in some degree the anticipations of a
DAILY CLOSING
Corn,
5,909
49,925
4,526
...
50,942
192,530
4,569
4,989
Richmond
Norfolk. Va
New Orleans...
To-day the mirket was dull and weak.
The wheat mirket has been less active for speculation, but
there was a fair export demand with moderate buying by
local .millers.
Not until, Wednesiay, however, was there
any decided advance, and then it was due to an unfavorable
crop report from the trans-Mississippi region.
Dulness ar d
depression followed, and to-diy the market was weak end
unsettled, awaiting the Bureau crop report which is to come
out to-morrow (Saturday).
278.663 159.173.
600
105,649 1 ,088,150
Montreal
85.902 36,432
109.266 80,291
bush.
650
'
bush.
bbls.
Boston
M., June 8, 1888.
bush.
34.616 15,779
48,879 26,671
the seaboard ports for the
The receipts of flour and gram at
week ended June 2, 1888, follow:
At—
New York
Rye,
Barley,
bush.
6,785,267 6,679.915 6.293.664
9,611,225 5.667,L94 4,9LL,817
59 659
13,349
12,590
DAILY CLOSING
bush.
1,575,369 1.78,015
bush.
431,049 2,329,047 1,448,455 1.566,8 >2
526,751 2,037,799 1,564.735 1,152.698
442,600 981.1612,091.336 1,492.219
Tot. 4 wks.. 1,802,304
4 wka 1887.1,140.514
BREADSTUFFS.
Lake and river
Oils,
Corn,
Flour
Flour,
Friday, P.
22,392,850 1.914,928
21,150,063 1,884,578
20,009,013 2,749,887
The rail and lake
Low. Clos.
(L
Include
175,030
Exports
for week
1887.
Week,
June 4.
1888.
Week,
to—
June 2.
We add the
for comparison.
Corn.
Wheat.
-
124,810
45,390
exports is as below.
corresponding period of last year
Flour.
*—•
1888.
Week,
June 2.
T887.
Week,
June 4.
Bush
1887.
Week,
1888.
Week,
June 2.
June 4.
FLOUR.
bbl. $2 35®if 3 00
Fine
2 65® 33 40
15
3 25® 4 65
Bapertlne
Spring wheat extras.
Minn, clear and stra’t.
Winter shinp’g extras.
3 85®
3 25®
WinterXaandXXX. 3(55®
Patents
4 65®
Southern supers
3 15®
3
4
5
3
50
70
20
30
South’n com. extras
$3 40® 3 65
Southern bakers’ and
family brands
3 75® 4 75
Rye flour, superline.. 3 40® 3 65
Fine
2 40® 2 65
Corn meal—<
3 25® 3 50
Western, <feo
3 5u® 355
Brandywine
Wheat—
Spring, per hush...
Spring No. 2
Bed winter No. 2...
Bed winter
White
c.
85 ®
87 ®
92 ®
88 ®
88 ®
59 ®
60 ®
Steamer no. 2
59*2®
Western yellow—
60 ®
Southern white.... 61 ®
Corn—West’n mixed.
West’n mixed No. 2.
94
88
94
95
1*4
61*2
61
69
Oats—Mixed
36*2®
74
40
45 ®
37%®
46 ®
47
Barley—
Canada No. 1
®
....
....
Two-rowed State
®
62
Six-rowed State
®
Malt—State,4-rowed.
State, 2-rowod
97
90
48
38
®
60*4
63
movement of
224,021 1,11--,953
8,081
268,058 1,414,389
3,125
4,203
137,0421
632
22,571
9,965
125
15.863
584
855
Oth.c’n’ts
420,013
18,500
La
108,520! 492,079 2,534,9o7
461,841! 575,822
®1 00
® 94
Sept. 1,’S7. Sept. 1/86, Sept. 1,’87. Sept. 1,*80, Sept. 1,’87. Sept. 1,’8®
to June
to June
to Ju nc
to June
to June
to June
2, 18*8.
Bbls.
Un.K ngdom
Continent.
..
e, 184.1 >89
312,759
811,109
4. 1887.
Bbls.
2. 1888.
4, 18b?.
Bush.
Bush.
4,1887.
Bush.
20,099,502
3, h 97.79 7
9,047,141
45,765
30.342
223.200
19,055
3,071
290 950
755 827
Brit. Col’nles
523.943
409.705
4,505
Oth.countr’s
32 ss t
30,402
53,294
8 0U
1888.
Bnsh.
12.909,200
West Indies.
Tot. >»
2.
13,142,503 32.211.022
405,136 10,122.117 20,355,347
5.202.11S
839,440
018.093
S. AC. Am...
totals we
Corn.
Wheat.
Flour.
Exports to—
134.568
17,452
3,038
1,200
244
week’s movement to our previous
statement of exports:
By adding this
319,320
6,500
have the following
breadstuffa to market is indicated in the
statement telow, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at West¬
ern lake ana river ports, arranged so as to present the eompara^ive movement for the week ending June 2, 1386, and
emce August, for each of the last three years:
The
Bush.
69,833
c.
o.
RyeState <fe Pa., ^ bush.
White
No. 2 mixed
No. 2 white
Bbls.
25,154
19,539
Total..
GRAIN,
c.
Un.King.
Cont’nt..
8. AC. Am.
W. Indies
Brit, col’s
Bush.
Bush.
Bbls.
71,520
3,040
16,934
7.504.933
22 387.299
134,590
28 955
583,190
395,057
34.199
52,239
8.7 4 0 378
17.020.037
30.810,328
00,809
f
THE
1888.]
June 9,
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, June 2, 1888 :
The visible
Wheat,
bush.
In store at—
2,007,749
New York.
Do
Albany
600
Buflalo
843,243
Chicago
4,753.601
Milwaukee
Duluth
Toledo
Detroit
1,(591,997
5,279,299
513.92(5
300.125
40,000
17,000
20,726
63,233
237,799
108,195
5,29!)
33,543
44,795
430,837
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Barley,
bush.
bush,.
18,000
58.000
131,846
14,7(56
23,618
19,160
38(5,197
96,827
34,089
27,034
111,663
125,705
108.837
52,918
*
....
557
3,746
9,000
813
559
90,000
6,467
26,000
1,099
59,885
3,950
1,077
27,174
1,423
2,067
ton
prices remain firm at 3%c. bid for 64x64s and 3?gc. plus 1 per
cent bid for 56x60s.
Stocks last Saturday and lor the three
previous years were as follows :
Stock of Print Cloths—
23,300
73,300
1,025,301
1,032,000
863,200
619,821
499,600
9,210,452
8,2(38,300
42,450.871 12.709,312
33,465,946 8,801.322
37,234,271 0,407,755
5,399,291
5,002,811
3,453,317
2,108,809
2,810,135
1885.
June 6.
1888.
June 2.
1887.
1886.
June 4.
June 5.
6,000
6,000
116,000
236,000
445,000
375,000
1,419,000
6,000
53,000
50,000
74,000
69,000
15(5,000
20,000
18,000
455,000
319,000
Held by Providence manufrs..
Fall River manufacturers...
Providence speculators
Outside speculators (est)
Total stock (pieces)
74!) 562
27.00 2.4(55
flannels, wide sheetings, corset jeans, &c., are under the
control of orders for some time to come.
Colored cottons
were in moderate request, and desirable makes are well sold up
and firm in price.
Print cloths were in steady demand, and
93,101
Tot. June 2.’88. 20,425.426
.
43,068
57,133
32,242
1,056
198,307
44,057
9,048
27i'000
On Lakes
On canal & river.
May 2(5. ’88
Tot. June 4, *87.
Tot. .Tune 5,’86*.
Tot. June 6,’85*.
9,227
8,000
34,200
2(5,419
47,667
32,536
6.407,404
Minneapolis
St. Paul
On Mississippi....
Tot.
334.147
73,400
64.100
88,386
640,976
341,894
Cincinnati
Toronto
Montreal
Rye,
bush.
20,000
St. Louis
Boston
Oats,
bush.
386.883
135,500
62,600
325,402
5,094,636 2,363,505
4,19(5
5,690
164.725
1,310
125,037
14,134
39,088
33,120
295,800
afloat
Corn,
business was less active than during the previous week.
Prices ruled steady all along the line, and prominent makes
of bleached cottons, as Lonsdale, Far well, &c., were slightly
advanced by the mill agents, as were some of the lower grades.
Fine brown sheetings continue in meagre supply, and other
brown cottons are well sold up. Stocks of bleached cottons in
first hands are exceptionally small, and many makes of cot¬
new
None
324,00
>
275,000
Light fancy prints, shirtings and robes were in fast request,
a moderately good business was done in printed and
woven cotton dress fabrics, as sateens, lawns, batistes, per¬
cales, ginghams, seersuckers, &c., at steady prices.
and
20<>,412
200,123
259,344
282,0 0
215,708
328,001
378,495
194,550
295.492
210,009
Minneapolis and St. Paul not included.
According to Beerbohm’s London cablegram, the amount of
corn on passage at the dates mentioned stood as
wheat and
follows:
was a very fair move¬
woolens, in execution of back orders, but
Domestic Woolen Goods.—There
ment in men’s-wear
business in this connection was chiefly of a
mouth character, and light in the aggregate amount.
new
band-to-
Follow¬
ing the recent trade sales of flannels, there was a light and
irregular demand for these goods at first hands, but a con¬
siderable business was done by some of the leading jobbers,
who named relatively low figures in order to distribute their
auction purchases.
Blankets were more active in some quar¬
ters, and a fair trade was done in leading makes of Kentucky
jeans and doeskins. Satinets were mostly quiet in demand,
and there was only a moderate call for cloakings, Jersey
Wheat.
Corn.
Wheat.
| Corn.
cloths and stockinets by jobbers and the manufacturing trade.
393,000 Dress goods of a seasonable character ruled quiet in first
2.490,000
To United Kingdom..qrs.
2,418,000 452,000
35,000 hands, and the demand for fall and winter fabrics was mainly
To Continent
538,000
565,000j 36,000
for relatively small parcels of the most staple* kinds.
Wool
428.000
3.028,000
Total quarters
2,983.000; 488,000
3,424,000
24,224,000
23,864.000 3,904,000
hosiery and knit underwear are more active, but buyers are
Equal in bushels
Same week in 1887.. bush.
18,720,000 3,504,000 19,752,000 3.624,000 very cautious in placing orders for next season.
Foreign Dry Goods.—Although the retail trade in foreign
The exports of \\ heat from India for the week, year and
g ods was more active because of greatly improved weather
season are as below:
conditions, the demand at the hands of importers and jobbers
was comparatively light.
Staple fabrics are general y steady
Week end'g Week end'g April 1 to
in price, but fancy dress goods, silks, &\, are somewhat in
Exports of Wheat from India.
June 2.
June
2.
May 26.
buyers’ lavor, as are laces and some sorts of embroideries.
To United Kingdom
3,520,000 The auction rooms were pretty well attended by the trade, but
1,140,000
bush.
tCX oo ooocCO 680,000 5,000,000 no offerings of special importance were presented through
To Continent
bush.
their medium during the week.
Tota'l
bush. 1,400.000 1,820,000
8,520,000
Week
Grain
on
ending June 6.,
Week
ending May 30.
Passage.
...
Importations of Dry Goods.
DRY
THE
TRADE.
GOODS
New York,
In accordance with general
Friday P. M., June 8, 1888.
expectations, the market for dry
goods has shown comparatively little animation the past weer,
most of the out-of-town buyers who attended the recent trade
sales of flannels having returned home after making some
preliminary purchases for the coming fall trade. There was,
however, a very fair “between seasons” business in commis¬
sion and jobbing circles, the weather hiving become so much
more
for
favorable for the retail trade that
reassortments of summer
numerous
small orders
goods were received from many
were
freer buyers in antici¬
pation of future requirements, and Southern jobbers (who are
represented in the market) were busily engaged in making
memoranda as a basis for future operations, though their
actual purchases of fall goodsliave thus far been unimportant.
Domestic woolen goods and most descriptions of foreign
fabrics ruled quiet in first hands, but staple and patterned
cotton goods of home manufacture continued in very fair
demand for the time of year. Prices are without material
change, but some makes of staple cotton goods have advanced,
well
because of the limited stocks on hand and the liberal demand
for consumption in sight.
Domestic Cotton Goods.—The exports of cotton goods
from this port
for the week enoing June 5 were 3,242 pack¬
valued at $195,759. These shipments include 978 to
China, 882 to Soutn America, 500 to British East Indies, 318 to
the West Indies, 183 to Central America, 162 to Mexico, 100
age?,
to
to Europe, 33 to
duras and 21 to all other countries.
Hodeidah, 35
W
o
P
<-h
2^
P
o
P
c*
Liberia, 30 to British Hon¬
Since the 1st of January
the exports aggregate 72,222 packages, valued at $4,371,773.
Of this total China has had 30,221 packages, valued at $1,534,211 and 13,409 packages, valued at $892,630, have gone to
South America. Fcr the same period of 1887 the exports
to all
ports were 89,132 packages, valued at $5,216,463; of
which 49,914 packages, valued at $2,347,900, went to China,
g
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15,961 packages, valued at $1,150,910, to South America.
To the Sime time in 1886 the total shipments reached 88,780
packages and in 1885 were 70,206 packages. Plain and col¬
ored cottons continued to move steadily, from this city and
direct from the mills, on account
former tr^npactions, but
g
rt
Jobbers from the Pacific
distributing points in the interior.
Coast and other remote markets
importations of dry goods at this port for the week
ending May 31, 1888, and since Jan. 1, and the sime facts for
the corresponding periods of last year are as follows :
The
.
'
747
CHRONICLE.
— GI-1
m
©
X G' CO
M M tO
*
M
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M
CO
X
X
THE CHRONICLE.
718
Union Trust
Company
OF NEW YORK.
Broadway, cor. Rector St., N.Y,
73
CAPITAL.
$1,000,000
-
3,000,000
SURPLUS,
Authorized to act
The
Brooklyn Trust Co.,
istrator.
It can act as agent in the
real estate, collect interest
sale or management of
or dividends, receive re¬
transfer books, or make purchase and sale
gistry and
of Government and other securities.
the company..
For tne convenience of depositors this company
also opdlis current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting oaily balances. Such checks paBS
Josiah O. Low,
Alex. M. White,
A. A. Low,
Alev. McCue,
Mich’' Chauncey,
Wm. B. Kendall,
Whitewright,
Wm.
Henry A. Kent,
R. T. Wilson,
Wm. F. Russell,
C. 1). Wood,
James N. Platt,
D. C. Hays
Wm. Alex. Duer,
Charles II. Leland,
Edward King,
E. B. Wesley.
D. H. McAlpin,
Religious and charitable institutions,
John T. Martin, C. D. Wood,
Fred. Cromwell, Wm.H. Male,
Ripley Ropes,
John P. Rolfe.
Abram B.Baylls.
E. W. Corlies.
II.
W, Maxwell,
H.E. Pierrepont,
James Roes Curran, Secretary.
Frederick C. Colton, Asst. Bec’y.
EDWARD KING, President.
JAMES M. MCLEAN, First Vice-Pres’t.
JAMES H. OGILVIE, Second Vice-Pres’t.
A. O. RONALDSON, Secretary.
A. W. KELLEY, Assistant Secretary.
United States Trust Co.
YORK,
No. 49 WALL STREET.
This company is
-
$7,000,000
legal depository for moneys
a
paid into court, and is authorized to act as guardiaD
trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn
after tive days’ notice, and will be entitled to inter¬
est for the whole time they may remain with the
company.
Executors,administrators, or trustees of estates,
and females unaccustomed to the transaction ol
New York.
The business and objects of this Society are to
associate into a Society or Guild, the best and
most capable Public Accountants practicing .in
the United States, and through such Association to
elevate the profession of Public Accountants, as a
whole, and demonstrate their
TRUSTEES:
H. E.Lawrence, (Wm. Libbey,
Isaac N.Phelps, John C. Brown,
Emstus Corning,: Edward Cooper,
S. B. ( hittenden, W.B’y’rdCutting
JohnH.Rboades.iChas. S. Smith,
Wni.W.Phelps,
Anson P. Stokes, Wm.Rockefeller,
I). Willis James, Robt.B.Minturn,! Alex. E. Orr,
John J, Astor,
Geo. 11. Warren, Wm.II.Macv,Jr.,
John A. Stewart, George Bliss,
jCharles E. Bill,
Wm. 1). Sloane.
UENflY L. THORNELL, Secretary.
LOL’IS G. HAMPTON, Assistant Secretary.
membership.
OFFICERS:
James T. Anyon, N. Y.
Mark C. Mirick, N. Y.
Louis M. Bergtheil, N.Y. Rodney McLaughlin, Bost.
William Calhoun, N.Y.
C. II. W. Sibley, N.Y.
George II. Church, N.Y.
John
Capital, Fully Paid, - - - - $1,000,000
THIS
COMPANY
TRANSACTS
LOAN, TRUST & FINANCIAL
A
GENERAL
BUSINESS.
William II. Veysey. N.Y.
Heins,Philadelphia. Walter H. P. Veysey
Janies Yalden, N.Y.
Also,
as
Registrar and Transfer Agent.
Depository for Court and County
An authorized
Treasurers’ Funds.
O.
ton,
l3. C.
way,
Irving A. Evans & Co.,
BANKERS AND BROKERS,
53
No.
-
STREET,
STATE
York City
in all Market*.
Joshua Wilbour,
Charles h. Sheldon, Jb
Binjamin A. Jackson, William Binney, Jr.
Wilbour, Jackson & Co,,
BANKERS AND BROKERS,
WEYBOSSET
52
No.
Hartridge
SAVANNAH,
PROVIDENCE, R. I.
Dealers in Commercial
Paper, Government and
other first-class Bonds arid Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Co.,
Rea Bros. &
BANKERS AND BROKERS,
AND DEALERS IN
FOREIGN EXCHANGE,
125 Wood Street, Pittsburg,
Pa
MEMBERS
New York and
Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange
Private wires to New York, Boston, Philadelphia
Baltimore and Washington.
E. W. Clark &
Co.,
BANKERS AND BROKERS,
South Fourth
No. 139
St., Philadelphia.
other desirable invest¬
Exchanges, and connected by private wire
GA.,
inter¬
Stock
with New
York.
BROKER.
Buys and sells, on commission all classes of Stocks
aad Bonds
Negotiates loans on marketable securities.
New York Quotatians furnished by private ticker
Wm. G.
S
28
ATLANTA.
Humphreys Castleman,
Hopper & Co.,
BANKERS AND BROKERS,
fifteen minutes.
t li
TIi i r,d
Street,
PHILADELPHIA.
o u
Direct Private Wire and
to Harris,
Lun>j Distance ’Ide-phone
Fuller & Bickley, New York.
DEALER IN ALL KINDS OF
AND
UCOKER
STREET,
Transact a general banking business. Allow
est on deposits.
Members of the Philadelphia and New York
L.
SECURITY
and Sold
Rond* Bouglit
ftock* and
SECURITIES.
A.Dutenhofer
New York.
References-Atlanta National Bank, Atlanta, Ga.
4*i1 Fourth National Bank,
PA.
PITTSBURGH,
Bonds and Stocks bought or sold on commission
Georgia and Alat ama Securities specially dealt in.
New York.
ESTABLISHED
1871.
Whitney & Stephenson,.
BANKERS AND BROKERS,
Wilson, Colston & Co.,
FOURTH AVENUE.
N, Y. Stock Exchange.
57
No.
Oldest Pittsburgh members
BANKERS AND BROKERS,
Directors:
G. Black,
Wallace C. Andrews,
John 1. Blair,
William P. Anderson,
Jules Aldige,
John D. lvimmey,
John Ross,
Charles Parsons,
George A. Evans,
Granville P. Hawes.
James S. Thurston,
John S. Silver,
Thus. F. Goodrich,
Payson Merrill,
Herman Clark,
Thomas C. Platt,
John P. Townsend,
O. D. Baldwin.
Wall Street, New
F\!IM P CAPITAL, - $1,000,000
Designated as a legal depository by order of
Receive deposits of money on
Supreme Court.
interest, act as tiseal or transfer agent, or trustee
for corporations, and accept and exccu'o any legal
trusts from persons or corporations, on as favorable
other similar companies.
THOMAS II1LL1IOUSE, President.
FREDERIC D. TAPPEN. Vice-President,
CHARLES M. JESUP. Secretary:
Wm. Fairley
H. b. Mokehkad.
of Baltimore Stock Exchange),
(Memb
BALTIMORE.
(INVESTMENT and SOUTHERN SECURITIES
a
specialty.)
Correspondence solicited
nished.
N, Y.
and
information fur
H. B.
Morehead & Co.,
STOCK, BOND AND NOTE
BROKERS,
Correspondents—McKim Brothers & Co.
Benjamin F. Tracy,
Metropolitan Trust
Co.,
York.
No. 51
THOMAS KRAXCH &
BANKERS
AND
West Tlilrd Street,
CINCINNATI, OHIO
COMMISSION ‘MERCHANTS,
ltlCHHIOXl), VIU GIN I A.
funding the debts <>f
Virginia and North Carolina free of cost; one-eight h
per cent charged for funding. Southern Railroad
and State aud City Bonds bought and sold.
Circulars and information on
W. Harris &
N.
Co.;
CHICAGO and BOSTON.
of Counties, Cities, &c., of high grade “
DlJiMiJo specialty. Wend for Dexprleilvp M»t».
DDMfiC
Robert Garrett & Sons,
BANKERS,
NO.
SOUTH
7
s
C. W. Branch & Co.,
BANKERS AND BROKERS
THEFT,
State Bank
BALTIMORE,
terms as
and United State* Rond*.
Association, No. 120 Broad¬
Room 51 (liili Floor), New
A.
BALDWIN, President.
GEO A. EVANS, Vice-President.
J. S. THURSTON, Sec. & Treas.
John !.. Macaulay.
Rowland N. Hazard,
George S. Hart,
!)*
ALSO,
Railroad, Municipal and
ment Securities for sale.
D.
Alexander
N.Y.
ASSOCIATION.
James T. Anyon, Louis M. Bergtheil, Thomas
Bagot, James Cox, William Calhoun, George II.
Church, C.W. Haskins, It. F.Munro, Mark C. Mirick,
C. H. W. Sibley, Henry M. Tate, William II.Veysey,
Walter H. P. Veysey, James Yalden, New Y’ork;
Richard F. Stevens, Jersey City, N. J.; Horace I).
Bradbury, Rodney McLaughlin, Henry A. Piper,
Boston, Mass.; John W. Francis. John Heins, Henry
Kelly, Philadelphia, Pa.; Eric M. Noble, Washing:
Correspondents— Tobey & Kirk and
Receives money on Deposit, subject to check, and
allows interest on balances.
All Checks pass through t lie Clearing House.
Makes Investments of Money,acts as Executor
Administrator. Guardian, Trustee, etc.
YORK AND
Municipal, State, Railroad
FELLOWS OF '1 LIE
Co.,
BROADWAY, NEW YORK.
11 a
the observ¬
condition.of
Presldent-JAMES YALDEN, New York.
% ice-Pres.—JOHN HEINS, Philadelphia.
Sec.—JAMES T. AN YON, New York.
Treats.—WM. H. VEYSEY, New York.
COUNCIL.
every
American Loan & Trust
NEW
EXCHANGES.
STOCK
BOSTON
usefulness by compel¬
ling an examination as to fitness, and
ance of strict rules of conduct as a
Offices* ot the
Wilson G. 11 unt,
Clinton Gilbert,
Daniel D. Lord,
Samuel Sloan,
James Low,
the
Incorporated August 120, 18S7, Under
Laws and Statutes of the State ol
or
business, as well as religious and benevolent institu¬
tions, will iind this company a convenient deposit¬
ory for money.
JOHN A. STEWART, President,
GEORGE BLISS, Vice-President,
JAMES S. CLARK, Second Vice-Pres’t.
THE
OF
MEMBERS
HEMBERS OF
BOSTON, NEW YORK AND
PHILADELPHIA STOCK EXCHANGES.
PUBLIC ACCOUNTANTS.
G. G. Williams,
E. B. Wesley,
C. I). Wood,
A. C. Kingsland.
CAPITAL A\l) SURPLUS,
BOSTON.
OF
Samuel F. Barger.
George B. Carhart,
Geo.
Magoun,
Chauncey M. I)epew,
II.Van Rennsel’r Kennedy,W. Emlen Roosevelt.)
EX ECUT1VE COM MITTEE:
STREET,
CONGRESS
35
No.
BOSTON.
American Association
R. G. Remsen.
Edward Schell,
Amasa J. Parker,
OF NEW
BANKERS,
H’y K. Sheldon,
E. F. Knowlton,
Estabrook,
&
Dealers In
TRUSTEES.
H.Frothingham,
George A. Jarvis,
C. Vanderbilt,
A. A. Low,
G. G. Williams,
Wm. Whitewright,
James McLean,
Geo. C. Magoun,
D. C. Hays,
and persons
anaccustomed to the transaction of business, will
And this Company a safe and convenient depository
for money,
RIPLEY ROPES, President.
EDMUND W.CORL1ES, Vice-Pres’t.
TRUSTEES:
James M. McLean.
Ambrose C. Kingsland,
James H. Ogilvie,
S. T. Fairchild,
I.
Brewster, Cobb
Cor. of Montague and Clinton Sts.,Brooklyn, N.Y.
CAPITAL, (all in U. S. Bonds) - $1,000,000
This company is authorized by special charter to
act as receiver, trustee, guardian, executor or admin-
as Executor, Administrator,
Guardian, Receiver, or Trustee, and is
A LEGAL DEPOSITORY FOR MONEY.
Accepts the transfer agency and registry of stocks,
and acts as Trustee of mortgages of corporations.
Allows interest on deposits, which may be made
at any time, and withdrawn on live days’ notice,
with interest for the whole time they remain with
through the Clearing House.
ankers anxl ^rollers
antes.
%xus\
%xxx&X (Baxtxp&nUs.
[Vol XLVI,
TRANSACT
.
A
FOREIGN
GENERAL
BANKING
DOMESTIC
BUSINESS.
Building
RICHMOND,
AND
Private wires
more
VA,
connecting with Washington,
Philadelphia and New York
B<i
@FedFRASER