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F
a
n
c
i a
l ;
»rottine
AND
HUNT' S
i n
MERCHANTS'
MAGAZINE,
SKPRESENTiNG. THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED
VOL 46.
NEW
Y O R K , JU N E 9, 1888.
NO. 1,198.
Ifin a ttiC ia l.
Ifiuanxial.
A M E R IC A N
Bank N ote Company;
78
TO
86 TRINITY PLACE,
NEW YORK.
B u sin ess F o u n d ed 1 7 9 5 .
Incorporated under Laws of State of New York, 1858.
R e o r g a n ize d 1 8 7 9 .
E ngravers and Printers of
BO N D S, P O S TA G E & REVEN UE S TA M P S ,
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O T E S of the U N IT E D S T A T E S ; and for
Foreign Governm ents.
DIAMONDS.
D R A F T S , C H E C K S , B IL E S O F E X C H A N G E ,
S T A M P S , A c ., In t h e finest a n d m o st artistic style
FROM STEEL PLATES,
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use of the Company*
S A F E TY PAPERS
W o r k E x ec u te d In F ir e p r o o f B u ild in gs.
IM PORTERS,
182 Broadway, Cor. John Street
Maverick National Bank
BOSTON,
C A P I T A I ,,
SURPLUS,
MASS.
-
A O S. W . W O R K , C a s h ie r .
W . P. W ight & C o.,
7 2 B roa d w a y,
STOCK B R O K E R S.
Stocks, Bends and Miscellaneous Securities
"QKfiht and sold .for cash or on margin.
W. p . W i g h t ,
-----J.
B.~ Creighton ,
Memb. N.Y. Stock' Exch.
a . B. Chaplin , S ped.
B A N K E R S AND B R O K E R S .
Johnson
& Boardman,
N E W Y O R K , 18 W A L L STREET.
T R O Y , N . Y . , N o. 17 FIR ST STREET.
Stock Exch. membership ; private wire ; all f«^<iiti°fl
BANKERS AND BROKERS,
E Q U IT A B L E
__ ______
B U IL D IN G ,
120 B roadw ay.
Hamilton & Bishop,
Broadway and Nineteenth Street
AND
9
M A ID E N
BAN KERS A N D BROKERS,
*
BROADW AY, NEW YORK.
R. B. Dodson,
LANE.
mm FAHNESTOCK & CO,
2 W a ll S tre e t.
Established 1854.
Lombard
Incorporated 1883
Investment Co.
150 B R O A D W A Y , N E W Y O R K .
G u a r a n te e d S ix P e r C en t m o r tg a g e s
C A P IT A L (FU LLY P A ID ) ................... $1,000 000
TO TA L V A L U E OF G U A R A N T Y . . . . 2,400,000
and Investors generally are requested
to call and exam ine these securities, or send fo r
pamphlet giving fu ll information.
INVESTMENT
R ic h a r d
d
.
f is h e r
.
w m
BONDS.
. C h e c k l b y Sh
Manhattan Trust
C o.,
H e n r y G . Ca m p b e l l ,
J, B o r d e n H a r r im a n ,
) Members N . Y. Stock
j
Exchange.
H . G. Campbell & C o.,
BAN K E R S AND B R O K E R S,
9 N ew S tre e t and 7 4 B ro a d w a y ,
NEW
YORK
L. C. l a t h r o p . Os c a r B. Sm it h . J. H.O l ip h a n t
athrop, Smith & Oliphant,
BANKERS A N D BROKERS,
37 BRO AD S T R E E T , N EW Y O R K ,
aw
.
Fisher & Shaw,
I N V E S T M E N T
» A N K E R S ,
Members Baltimore Stock Exchange.
___________B A L T i m O R E ,
Accounts o f Banks, Bankers and Corporation!
No. 10 WALL ST., NEW YORK.
solicited.
Our faculties fo r COLLECTIONS are exceUent C A P I T A L ,
$ 1, 000,000
and we red iscou n t fo r banks when balances war. „
i
DIRECTORS:
rant it.
Fr. Ormond French, N. Y. H . W . Cannon, N .Y .
J ohn R. Ford, N. Y.
Boston is a reserve city, and balances with ns from B. J . Cross, N. Y.
H. L. Hlgglnson, Boston. T. Jeff. Coolidge, Jr., Bos
banks (not located In other reserve cities) eount as a A ug. Belm ont, Jr., N. Y . James O. Sheldon, A,Y.
reserve.
E. Ö. Randolph, N. Ÿ.
A . S. Rosenbaum, N .Y .'
C. F. Liverm ore, N. Y.
W m . Dowd, N. Y.
W e draw our own exchange on London and the C. O. Baldwin, N. Y.
Sam’l R, Shipley, PhUa.
Continent, and make Cable transfers and place Chas. F. Tag, N. Y.
R. T . W ilson, N. Y.
John I. W aterbury, N. Y
m oney by telegraph throughout the United (states H enry Field, Chicago.
Francis Ormond French, President.
and Canada.
John L. W aterbury, Vice-President.
Government Bonds bought and sold, and exchanges
Authorized to accept and execute Trusts o f every de
to Washington m ad efor banks without extra charge. scription.
Trustee for investment and management o f real and
W e have a market fo r prime first-class Investm ent personal
estate.
Securities, and invite proposals from States, Coun
. Deposits at interest subject to check through the Clearmg Souse.
ties and Cities, when issuing bonds.
Registrar and Transfer Agent.
W e do a general banking business, and Invite corresp oc-i’ nce.
A S A 2 P . P O T T E R , P re sid e n t.
Co.
SOLID SILVER.
G O R H A M M ’t’g Co.
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
>
(
)
'L s u t S ^ S ^ n N,?w J ork Stock Exchange.)
Banks, Bankers and others received
LITHOGRAPHIC AND TYPE PRINTING.
THEO. H. FREELAND, Sec’y and Treat.
JNO. E. CURRIER, Ass’t Sec’y.
&
N o. 96
R A I L W A Y T I C K E T S O F IM P R O V E D S T Y L E S .
S h o w C a rd s, L a b e ls, C alendars.
BLANK BOOKS OF EVERY DESCRIPTION
JAMES MACDONOUGH, President
AUG. D. SHEPARD,
}„
TOURO ROBERTSON,
f Vice-Presidente.
Harriman
W m . m . H a r r im a n ,
Ni chola s F is h ,
Ol iv e r H a r r i m a n , Jr .
Alfred H . Smith & C o.,
E N G R A V IN G A N D PR IN T IN G ,
Ba n e n o t e s , s h a r e c e r t i f i c a t e s , b o n d s
Fo r g o v e r n m e n t s a n d c o r p o r a t io n s ,
6 A F E T Y CO LO RS.
STATES
I D .
Henry S. Redmond,
4 4 & 4 6 Broadw ay, N .Y .
IN V E S T M E N T
S E C U R IT IE S .
Railroad, Municipal, W ater W orks and Street
Railway Bonds. List o f desirable investments sen
m onthly upon application.
Ed w
ard l
. Op p e n h e i m .
W a lte r Del
m ap
,
E. L. Oppenheim & C o.,
[ESTABLISHED 1862],
BANKERS AND BROKERS,
51 & 5 3 N e w S t r e e t a n d 4 3 B r o a d w a y ,
B r a n c h O f f i c e , 91 L e o n a r d
str e e t,
NEW YORK.
7 5 O ld B r o a d S t r e e t , E * C . , L O N D O N .
Howard Lapsley & C o.,
BAN KERS A N D BROKERS,
7 2 B R O A D W A Y and 9 N EW S T R E E T ,
N ew Y ork .
Special attention given to investments. Interes
allowed on deposits, subject to check at sight.
W ood, Huestis & C o.,
3 1 P IN E S T R E E T , N E W Y O R K ,
BAN K ER S AND BR O K ER S,
SUCCESSORS TO
WOO»
& »A V IS .
at the New
"
Members New York Stock Exchange, New York
J F i r s t -C l a s s R a i l r o a d F i r s t M o r t g a g e D o w n s
Cotton Exchange, and Board o f Trade Chicago.
' GEORGE C. WOOD. C. H . H U E S T I S .L M . SWAN
E xecute oM ers in all securities listed
York Stock Exchange. For Sale:
ü
[Vor. XLVI.
T H E CH RO N ICLE.
gsrofejtxs
e*s xtf fgjorcjeifltt
TU B
Drexel, Morgan & C o., August Belmont & C o., I N V E S T M E N T C O .
BANKERS,
W A L L STREET, CORNER OP B RO AD ,
N o. 3 6 W A L L S T R E E T ,
N SW
YORK.
o f Philadelphia.
A
C
gents and
Drexel & Co.,
orrespondents op the
Drexel,Harjes & Co
M essrs. R O T H S C H IL D ,
310 C H E S T N U T S T R E E T
L on d on , P a r is , E r a n k fo r t an d V ien n a.
C a p ita l, 8 4 , 0 0 0 , 0 0 0 . F u ll P a id .
C or.of 5th& Chestnut Sts., 81 B oulevard Haussmann
Issue Circnlar Credits fo r travelers, available In
CONDUCTS A GEN ERAL BAN KIN G BUSINESS.
P A R IS .
P W L A O E L P H IA
all parts o f the world.
A llow s interest on cash deposits, subject t o check
ALSO COMMERCIAL CREDITS.
or on certificates.
DOMESTIC A N D FOREIGN BAN KERS.
Draw Bills o f Exchange and make Cable Transfers
Buys and sells Bills o f Exchange, drawing on
Deposits received subject to Draft. Securities to Europe, W est Indies, M exico and California.
Baring Bros. & Co., L o n d o n ; Perier Freres et Cie.,
bought and sold on commission. Interest allowed
Paris ; M endelssohn & Co., Berlin, and on Paul
o n Deposits. Foreign E xchange. Commercial Cred
Mendelssohn-Bartholdy, Hamburg.
its. Cable Transfers. Circular Letters fo r Travel
Negotiates Securities, Railroad, State, Municipal,
ers, available in all parts o f the world.
etc.
Offers fo r sale first-class Investm ent Securities.
A ttorneys an d agents oe
FOR TRAVELERS
W IL L IA M BROCKIE, President.
H E N R Y C. GIBSON, Vice-President.
M e s s r s . J . S . M O R G A N & C O .,
H E N R Y M. HOYT, Jr ., Treasurer.
AND BILLS OF EXCHANGE ON
N o . 2 2 O L D B R O A D S T R E E T , LO N D O N .
E T H ELB E RT W A T T S, Secretary.
Board o f Directors:—W illiam Brockie, George S.
MESSES. BAKING BEOTHEBS & CO., Pepper, M orton McMichael, W harton Barker, H enry
C.
Gibson,
T. W istar Brown, Isaac H . Clothier.
LONDON,
A dvisory Comm ittee o f Stockholders—W illiam
Potter, George M. Troutm an, W illiam PepperjM.D.,
N E W YO RK , P H IL A D E L P H IA , BOSTON, AND
and principal Continental cities."
Thom as Dolan, John G. Reading, Joseph E. Gilling
ham, John W anamaker, H enry E. Smith, Craige
A L E X A N D E R B R O W N & SO N S,
Lippincott, H am ilton Disston, Clayton French,
B ALTIM ORE,
_ „ ...
W illiam W ood, W alter Garrett, John Harrison,
Members o f New York, Philadelphia and Baltimore
Edward H . Coates.
Stock Exchanges.
Execute orders fo r all Investm ent Securities. R e
1 N A S S A U S T R E E T ,| N .Y .
ceive accounts o f Banks, Bankers, C o lo r a t io n s and
H OUNTZE B R O T H E R S,
Firms, on favorable terms. Buy and sell Bills o f
Exchange on Great Britain and Ireland, France, A gents an d A ttorneys op b a r in g Bros . & Co
BAN KERS,
Germany, Belgium , H olland, Switzerland, Norway,
1 2 0 B r o a d w a y , E q u ita b le B u ild in g , N e w Y o rk .
Denmark, Sweden, Australia, St. Thomas, St. Croix
and British W est Indies. Issue Commercial and
L E T T E R S O F C R E D IT A N D
Travelers’ Credits in sterling, available in any part
C IR C U L A R NOTES
o f th e world, in Francs fo r use in Martinique and
Issued
fo r the use o f travelers in all parts o f the
Gaudaloupe, and in Dollars fo r use in this country,
J
SUCCESSORS TO
world. Bills drawn on the U nion Bank o f London.
Canada, M exico and W est Indies.
. . . .
Make telegraphic transfers o f m on eyb etw een th ls
Telegraphic transfers made to L ondon and to
JE SU P , P A T O N
CO.,
country. Europe, and British and Danish W est
various places in the United States. Deposits re
ceived, subject to check at sight, and interest
Indies. ^Make collections o f drafts drawn abroad on
5 2 W i l l i a m S tr e e t N e w Y o r k .
allowed on balances. Governm ent and other bonds
all points in U nited States and Canada, and o f drafts
A ccoun ts and A gency o f Banks, Corporations, and investm ent securities bough t and sold on com
drawn in the U nited States on
« m P T EY firms
and
individuals
received
upon
favorable
term*.
Their London house, Messrs. BROWN, SHIPLEY
mission.
Dividends and interest collected and rem itted.
ft CO., receive accounts o f Am erican banks, firms
A ct as agents fo r corporations in paying coupons
and i n d i v i d u ^ ^ o n gfavorable £ * £
and dividends; also as transfer agents.
Bonds, Stocks and Securities bought and sold on
BROW N, SH IPLE Y ft CO., London.
commission, at the Stock Exchange or elsewhere.
U.S. Governm ent Financial Agents in England.
Sterling Exchange and Cable Transfers bought
and sold.
LE TT E R S OF CR ED IT
Brown Brothers & C o ,
Kidder, Peabody & C o.,
John Paton & C o.,
&
J. & J. Stuart & C o.,
83
N ASSAU
STREET.
B IL L S O P E X C H A N G E ON
S M I T H , P A I N E
& S M I T H ’ S,
BAN KERS, LONDON;
M A N C H E S T E R & COUNTS' B A N K ,
“ LIM ITE D,”
M ANCHESTER, P A Y A B L E IN LONDON;
ULSTER
R A N K IN G C O M P A N Y ,
BELFA ST, IR ELA N D ,
AND ON THE
T IO N A I. B A N K
OP SCOTLAND,
EDINBURGH AN D BRAN CH ES;
ALSO,
C AB LE TRAN SFERS ft LETTERS OF CREDIT.
JOHN
MUNROE
& C o.,
N o . 3 2 N a s s a u S t r e e t , IN e w Y o r k .
N o . 4 P o s t O ffic e S q u a r e , B o s t o n .
Issue Circnlar Letters o f Credit fo r Travelers’ Use
A broad against Cash or Satisfactory
Guaranty o f Re-paym ent.
E x c h a n g e o u L o u d o n , P a r is , B e r lin ,
Z u r ic h a n d S t. G a U .
Credits Opened and paym en ts m a d e b y cable
P a r i s H o u s e — M U N B O E Sc C O .
Schulz & Ruckgaber,
BAN KERS,
30
W IL L IA M STRE ET, N E W Y O R K
Correspondents o f the
In te r n a tio n a l B a n k o f L ondon (Lim ited)
L ondon.
M e s s r s . J o h n B e ren b e rg , G o ssle r & C o.
H am burg.
M e s s r s . M a rc n a rd , K r a u s s & C o ., P a r is
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
T H E N EW YO RK
Produce Exchange Bank,
C A P I T A L , 8 1 ,0 0 0 ,0 0 0 .
Transacts a general hanking business.
R eceives accounts o f banks, hankers and corpora
turns upon favorable terms.
Issues certificates o f deposit bearing interest.
Solicits mercantile and personal accounts.
Bills ;o f exchange drawn on, and cable transfers
mart« througn, The City Bank, Lim ited, London.
Circular letters o f credit issued fo r travelers’ use
In foreign countries ; also commercial credits.
A ccounts o f foreign bankers received and col
lections in the U nited States m ade on favorable
term*
d r a w on !
"H E UNION B AN K OF LONDON,
BRITISH LINEN CO. B AN K,
SCOTLAND.
LONDON AND
Conrad N. J ordan
President.
Charles J. Ca n d a ,
Vice-Pres’t.
F. Blan ken born ,
H. A.
Cashier.
s m it h .
Assistant Cashier
The W estern National Bank
J. & W . Seligman & C o .,
OF T H E
j , K ennedy Tod .
H . O. Northcote .
DRAW ON
,
C IT Y OF N E W Y O R K .
C A P IT A L ,
8 3 ,3 0 0 ,0 0 0
BAN KERS,
N e w Y o r k , May 14, 1887.
NO. 2 3 B R O A D S T R E E T ,
This Bank is now opened fo r business. A ccounts
N ew Y ork .
solicited. The usual banking facilitie*
Issue Letters of Credit for Travelers respectfully
extended to customers.
On SELIGMAN BROTHERS, London.
Orders fo r purchase or sale o f securities will
SELIGMAN FRERES & CIE„ Paris.
receive careful attention.
SELIGMAN & 8TETTHEIM ER, Frankfurt.
ALSBERG, GOLDBERG & CO., Amsterdam.
Foreign Exchange bought and sold. Facilities for
A L T M A N & STETTHEIM ER, Berlin.
keeping accounts in Sterling Exchange, subject to
Payable in any part o f Europe, Asia, A frica
draft in kind, will he afforded. The methods o f re*
Australia and America.
Draw Bills o f Exchange and make Telegraphic ceiving such deposits and making payment against
Transfers o f M oney on Europe and California.
them will he subject to arrangement.
A lexander b a r in g ,
TH E NATIONAL PROVINCIAL B A N K )
OF ENGLAND (Limited,)
> L on d o n .
T H E UNION B AN K OF LONDON (L’d ),)
HEINE & CO., P a r i s .
,
_ . __
JOHANN GOLL ft SO EH N B,} F r a ^ S ^ . t' ° “ '
NO. 6 3 W IL L IA M [S T R E E T ,
S.
BLEHCHROEDER,
B
e
r
l
i
n
.
BANKERS.
A ct as Agents fo r Banks, Bankers and Railroad DEUTSCH SCHW EIZERISCHE CRED- ) gt< G a n .
IT BANK,
)
C Issue com m ercial credits,also foreign and dom estic
F . B id A N K E N H O R N 9 C a s h i e r ,
travelers’ letters o f credit in pounds sterling and
dollars.
O ffe r I n v e s t m e n t S e c u r i t i e s .
B uy and sell Bonds, Stocks and Securities in all
OF P E N N SYLVAN IA.
American, Canadian, British and Dutch markets on
commission. Collect dividends, coupons and fo r
Ch arter p e r pe tu a l .
eign and inland drafts.
Sell Bills o f Exchange on
A u th o r iz e d C a p ita l, - - - - 8 5 , 0 0 0 , 0 0 0
Member N.Y. Stock E xch’ge.
J. Kennedy T o d & C o.,
The Finance Company
c.ej Tham ^ b o
I ’ s o V 0” i
*
131 TO 141 SOUTH FOU RTH STREET,
c0” !i"ir e .
Geo. Coppell .
Thos. m a it ia .nd .
Gerald L . H oyt , Member N. Y . Stock E x o h j
Maitland, Phelps & C o.,
b a n k e r s
AND
COMMISSION MERCHANTS
22
Sc 2 4
E xchange
P la c e ,
New Y ork.
mT.T.fl OF EXCHANGE, LETTERS OF CREDIT
TELEG RAPH IC TRANSFERS OF MONEY ON
LONDON, PA R IS, MEXICO, CUBA, fto., fte.
Canadian B a n k o f Commerce.
CA P ITA L, ,6 ,0 0 0 000.
J. H. GOADBY
SURPLUS, |600 000.
& ALEX. LAIBD,
AGENTS,
10 EXCH A N G E FLA C K , N E W Y O R K
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUES COMMERCIAL CREDITS. AVAILABLE
IN ALL PARTS OF THE WORLD.:
(Bullitt B uilding ),
P H IL A D E L P H IA .
G e n e ra l B a n k in g B u s in e s s conducted.
S ta t e , M u n icip al and R a ilr o a d S e cu ritie s
n e g o tia te d .
DIRECTORS:
W harton Barker,
Charlemagne Tower, Jr ,
John H . Converse,
T. Morris Perot,
George DeB. Keim,
^ o r g e W . Blabon,
James Dougherty,
Philip C. Garrett,
Simon B. Fleisher,
Isaac R. Childs,
Isaac H ough.
W H A R T O N B A R K E R , President.
CH ARLEM AGN E TO W ER, JR., V ice-Pfesident.
SIMON A . STERN, Treasurer.
RUSSELL STURGÏS H U BB A RD , Secretary.
Bank o f Buffalo,
B U FF A LO , N. Y .
S. S. Jkwett , Pres’t. WM. C. Cornwell . Cash’r.
C a p i t a l ....8 3 0 0 , 0 0 0 1S u rp lu s......8 2 5 0 ,0 0 0
This Bank has superior facilities fo r making Col*
lections in and out o f the city on the most liberal
terms, and with careful attention to the best inter*
ests o f its correspondents.
, .
Correspondents :—Im porters’ ft Traders N a
tional Bank and Chemical National Bank, New
Y o rk ; Merchants’ Loan & Trust ^Co., Chicago
U nion Bank o f London, London-!
J une 9, 1888.]
ffl
T H E C H R O N IC L E
%Rukzx$ atufl gvcriuevs in f M
Geo, K. Sistare’s Sons,
H, B. Hollins & C o.,
16
& l g B r o a d S t r e e t , N e w Y o rk .»
BANKERS,
1 2 1 S o u th T h ir d S tre e t, P h ila d e lp h ia !
18 W A L L a n d 3 N A S S A U S T
EETS
Connected by Private W ire witb main office, Neu
NEW YORK.
York.
T ra n sa ct a G e n e ra l B a n k in g B u sin e ss.
DEALERS IN
FIRST-CLASS IN VESTM EN TS,
Bny and sell on Commission, fo r cash or on margin,
all securities dealt in at the New York Stout Ex
change.
Interest allowed on daily balances.
All deposits subject to check at sight.
Particular attention t.n orders by mall or telecrraur.
Taintor & Holt,
B AN K ER S,
No
1 1 W a i l S t ., C o r , N e w , N e w Y o r k .
TRAN SACT a GE N ERAL BANKING business.
DEPOSITS received and IN TEREST allowed on
balances.
Buy and sell GOVERNMENT, MU N ICIPAL and
R A ILR O A D Securities.
Private telegraph wires to Providence and Boston
GILES E. TA IN TO R,
GEO. H. HOLT
_________________G. D. L’H U ILIBB ,_______________
w alston
H. Brown .
Fred , a . Brow n .
H erbert p . Brow n .
Walston H. Brown & Bros
BANKERS.
Accounts o f Corporations and Individuals received
upon Liberal Terms. Securities Bought and Sold on
Commission.
N o. 20 NASSAU S T R E E T ,
___________N EW Y O R K .
R. J. Kimball & C o.,
DEALERS IN GOVERNMENT, M U N ICIPAL AND
R A IL R O A D SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED.
INTEREST A L L O W E D ON D A IL Y BALANCES
Harvey Fisk
&
Sons,
2 8 NASSAU STR E ET, N E W Y O R K .
BANKERS.
D e a le r s In U nited S ta te s B ond s an d O ther
D e s ir a b le S e cu ritie s.
Deposit accounts received and interest allowed on
balances.
©it#.
H* L. Horton & C o.,
3 4 an d 3 6
BAN K ER S,
N o.
62
CEDAR
STREET.
In addition to a General Banking Business, Bny
and Sell Governt. ent Bonds and Investment Securi
ties.________________________________________________
J, 8. F arleb .
R obert D. F a r l e e .
J. S. Farlee & Brother,
N o . 7 N A S S A U S T ., N E W Y O R K ,
BROKERS AND D EALERS IN
I N V E S T M E N T
R O N D S ,
8TATE , MU N ICIPAL A N D A PPRO VE D R A IL
ROAD BONDS.
Correspondence Solicited .
J. C. W alcott & Co*,
BANKERS AND BBOKKRS,
N o. 24 P in o Street, New Y ork *
Transact a General Banking Business,
Stocks and Bonds bought and sold on Commission.
Collections made and loans negotiated.
Dividends and interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty
W e issue a Financial Report weekly.
Jos. C. W alcott ,
\Members of the New Yotk
Fr a n k f . D ickinson , *
stock Exchange.
Office of the Pneumatic Steering Gear A Mfg.Co
Oh as . j . T o w n se n d ,
L a n s in g C. W a s h b u r n
Member N.Y. Stock Exchange.
J n o . P . T o w n se n d , Special Partner.
Townsend & Washburn,
BANKERS AND BROKERS,
No. 6 W a ll Street, N ew Y o r k .
[Established in 1865.]
Douglas & Tones,
BA N K E R S A N D BR OK ER S,
»». & its B r o a d
s t r e e t , N e w l 'o r k .
(Members o f the New York Stock Exchange.)
Members o f the New Y ork Stock Exchange and o f
the Philadelphia Stock Exchange.
7 2 B r o a d w a y and 1 1 N e w (street, N . Y
Green 6c Bateman,
Buy and sell Stocks, Bonds and OIL fo r cash or on
margin. Interest allowed on deposits. Correspond
ence solicited.
IN V E S T M E N T S A S P E C I A L T Y .
Robert J. K im ball .
A lfred B. L odnsberrv .
BANK GAS,
J ohn f . D ouglas .
Stocks and Bonds Bought and Sold on Commission.
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits received, subject to Check at Sight.
Correspondence solicited.
Chrystie & Janney,
BANKERS,
6 W a ll Street, N ew Y o r k ,
W il la r d EL J o n e s .
78 & 80 B road w ay , N ew Y o rk ,
Stocks, Bonds and Cotton.
T ra n sa ct a C e n e ra i Banking
Interest allo w e d on D e p osits.
H iram D ewing .
H. Dewing öc Son,
B u si, e ss.
A. JDutenhofer,
BROKER,
A »
Cla r k Dewing .
(Member o f N .Y. Stock Exchange.)
B A N K E R S AND B R O K E R S,
N o . 1 8 W a l l S tre e t, N e w Y o r k .
Stocks and bonds bought and sold on commission.
Particular attention given to inform ation regard
ing Investm ent Securities.
Iowa Loan & Trust Co. 6 per cent Debentures
bought and sold.
Y ork .
S p e d a i A tte n tio n G iven to A m e ric a n
Secu rities.
Solicit Accounts and Order for the Purchase and
Sale of Bonds, Shares, Ac., Ac., on Commission. In
New York, Boston, Chicago, London or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members of the New York and Boston Stock Ex
changes and of the New Yerk and Chicago Produoe
Exchanges.
Private wires to Chicago, St. Paul, Boston, Hart
ford, Buffalo and Utica.
MEMBERS N. V . STOCK EXCHANGE.]
Gilman, Son & C o.,
B R O A D W A Y , N ew
BARTHOLOMEW HOUSE, I T nisrnnu
BARTHOLOMEW LANE) JLOOTHW.
R eceive deposits subject to check at sight and
allow interest on balances.
Deal in Railroad bonds. State, County and Muni
cipal Securities.
Give special attention to consignments of Bullion
and make liberal advances on same when desired.
Simon Borg & C o ,,
N o . 2 6 N A S S A U S T ., N E W Y O R K ,
Dealer In Miscellaneous Securities
DEALERS m ALL KINDS OF
M ILLS BUILDING (3d Floor,)
Rooms 25 & 26.
35 W A L L STREET.
Railroad and Investment Securities
ST ATE AND C IT I BONDS OF GEORGIA, alst
SECURITIES OF TH E CENTRAL R R. & B A N K
ING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or »eil are invited to cali
or correspond. Prom pt and personal attention
given to all orders.
Davison Brown .
Geo. A lexander Brown
Stewart B row n ’ s Sons,
Members New York Stock Exchange,
STOCK
BROKERS,
S o u t h e r n S e c u r it ie s
BANKERS,
18
W ALL
STREET,
E stab lish e d
NEW
t.
YORK.
1863.
MEMBERS OF NEW YORK STOCK EXCHANGE.
A llow interest on deposits subject to sight cheek.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
Investment Securities.
A. M. K idder ,
H. J. Morse ,
ch as . d . Ma r v in ,]
W. M, K idder .
« 4 B r o a d w a y A 1 9 N e w S t .. N e w V « > k
W. H. Goadby & C o.5 ß o o J i i »
BANK ER S AN D BROKERS,
J H a b & tta n
N o. 2 4
B R O A D
S T R E E T ,
& C o o
B A N K E R S ,
____ _____________ N e w
Y o r k , __________
F. H. Smith,
BANKER
& BROKER,
N o.
20
B R O A D S T ., N E W
YORK.
S p é c u la tiv e A ccou n ts S o lic ite d .
Orders received in Stocks fo r large or small
amounts, either for cash or on margin.
Particular attention given to investments.
All issues o f bonds, either in default or other,
wise, carefully quoted.
TW EN TY YE A R S ’ EXPERIENCE.
£• S ' 8MtTH>( Members Consolidated Stock and
a. W. Smith . ( Petroleum Exchange. New York
R. T . Wilson & C o.,
BAN KERS A N D COMMISSION M ERCHANTS
2 E x c h a n g e C o u rt, N e w Y o rk
5 7 B ro a d w a y , epp. E xchange P la e e, N . Y .
TRAN SACT A G EN ERAL BAN KIN G BUSI
NESS, INCLUDING T H E PURCH ASE AN D SALE
OF STOCKS AN D BONDS FOR CASH OR ON
M ARGIN. B U Y AN D SELL INVESTMENT SE
CURITIES. IN TEREST A LLO W ED ON DEPOS
ITS, SUBJECT TO CHECK A T SIGHT.
P. O. B ox 447.
D . A . BOODY.
R euben L eland .
C. W . M cLELLAN.
H enry T.- Boody .
a
s. Y o u n g , J r .,
Member N.Y. Stock Exchange.
Sp e c i a l t y .
W. 8. n e l so n
Young & Nelson,
BANKERS AND BROKERS,
3 6 W a l l S treet, N ew Y o r k .
All stocks and securities dealt in at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and interest
allowed on balances.
C J. Turner & Son,
BANKEF S
AND
BROKERS,
16 & 18 BROAD STREET, NEW YORK.
Transact a general banking business, including
the purchase and sale of stocks and bonds for c a n
or on margin, at the New York Stock Exchange.
John H. Davis & C o,,
BANKERS AND BROKERS,
N o. 1 0 W A L L S T „ N E W Y O R K .
Orders fo r Stocks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-class
IN V E S T M E N T S E C U R IT IE S .
H . L. Grant,
BAN KERS.
U N I T E D
D A N K
B U I L D I N G ,
W a ll S tre e t, c o r n e r B r o a d w a y .
STOCKS, BONDS di COM M ERCIAL P A P E R .
Stocks and bonds bought and sold on commission
at New York Stock Exchange. A dvances made out
business paper and]other securities.
N o .
1 4 5
B R O A D W A Y ,
NEW Y O R K
CITY RAILROAD STOCKS & BONOS
BOUGHT AN D
SOLD),
See quotations of e*ty Railroads hsMris paMr.-
hr
THE
CH R O N IC LE -
[V
F O R E IG N .
Heinemann & C o.,
THE!
Bank o f Montreal.
62 Gresham House, E; C.,
[ESTABLISHED 1818.]
Railway Share Trust Co.
C A P I T A L P a id In - - 8 1 « , 0 0 0 , 0 0 0 G old
SURPLUS - $ 6 , 0 0 0 , 0 0 0 G old
(L IM IT E D ),
Hon. Sir DONALD A . SMITH, President.
W . J. BUCHANAN, General Manage:
NO. 4
B A N K
B U 1 1 D I N 6 I
LONDON, ENGLAND.
ZNTSW Y O R K OFFICE:
N on . 5 9 & 6 1 V A L 1 J T R E E T ,
W ALTE R WATSON, > A
A l e x ’ r Lan g ,
t _ i-
f Agents-,
Bny and sell Sterling and Continental Exchange
and Cable Transfers ; grant Commercial and Travel
ers’ Credits, available in any part o f the W orld;
issue drafts on, and make collections in, Chicago
and throughout the Dominion o f Canada.
L o n d o n O ffic e . N o . « 2 i b c h u r c h L a n e .
Imperial Bank o f Canada.
C A P I T A L (p a id n p )$ 1 ,5 0 0 ,0 0 0
SURPLU S
- 5 5 0 ,0 0 0
H . S. H OW LAN D, Pres’t. T. B. M E B BITT, Y .-P.
D. B . W IL K IE , Cashier.
H E A D O F F IC E , T O R O N T O .
r B r a n c h e s i n On t a r io .—Essex Centre, Fergus,
Galt, Ingersoll, Niagara Falls, P ort Colborne, St.
Catharines, St. Thomas, T oron to (Yonge St. Br.),
W elland, W oodstock.
B r a n c h e s i n N o r t h w e st —W innipeg, Brandon,
Calgary.
Llo^d’snB\rnett’sd&1¿os 1 A^ents in NewYork :
In q u It^ Ä ! limited | BANK OJ? M O N TR EAL .
Collections promptly made in any part o f Canada.
D r a w e r s o f S t e r li n g E x c h a n g e .
The Merchants’ Bank
OF CAN ADA.
Capital, PaM Dp. • • • $5,799,200
Reserve, • J .................. 1,700,000
HEAD
OL B IC E ,
M ONTREAL.
A N D R E W A L L A N , Esq., ^resident.
RO B ER T ANDERSON. Esq., Vice-President,
GEORGE H A G U E. General Manager.
JOHN G A U LT, Branch Superintendent.
B AN KERS :
LONDON, ENG.—The Clydesdale Bank (Limited.)
N EW YO RK —The Bank o f New York, N. B. A.
A general Banking business transacted. Letters
o f Credit issued, available in China, Japan and
other foreign countries,
N e w .Y o r k A g e n c y , N o . 6 1 W a l l S t r e e t .
H E N R Y H A G U E,
)
JOHN B . H A R R IS, JR., ) Agents.
fA G E N C Y
B
a
OF
n
TH E
k
ON
B ritish N orth A merica.
N o.
52
W ALL
STREET.
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia and San Fran
cisco.
C I R C U L A R N O T E S issued in Pounds Ster
ne, available in all parts o f the world. C O M
M E R C I A L C R E D I T S I S S U E D fo r use in
Europe, China, Japan, East and W est Indies and
th e Brazils, R iver Plate, &c.
Bills collected and other banking business trans
acted.
D. A . M CTAVISH,) A_ „nfa
H . STIKEMAN,; J Agents.
F O R E IG N .
.T H B
Anglo-Californian Bank
' (LIMITED)
L O N D O N . H e a d O ffice, 3 A n g e l C ourt.
S A N F R A N C I S C O O ffice, 2 0 0 S an som e S t
N E W Y O R K C orresp on d en ts,
J. & W . S elig m a n & Co.
R O S T O N C orre s p o n d e s, M a ssa ch u setts N. Bb.
A u th o r is e d C a p ita l, - » - $ 6 ,0 0 0 ,0 0 0
P a id -u p C a p ita l, - - - - 1 ,5 0 0 ,0 0 0
R eserve F u n d , - - - - - 5 0 0 ,0 0 0
Transact a general banking business. Issue Com
mercial Credits and Bills o f Exchange,avallable in all
parts o f the world. Collections and orders fo r Bonds,
«Stocks, etc., executed upon the m ost favorable terms.
P R E D ’K F. LOW ,
1»
IGN ATZ 8TEIN H A RT, ) Managers,
P. N. LILE N TH A L, Cash
C a p ita l P a i d
XLV a.
‘gjoxHÿtx.
ŒatmÂiatx awá ffjatjeijpi Sattes aaá JSatxkjem
CANADIAN.
ol.
U p , £ 9 7 1 ,3 6 0
S te r lin g .
LONDON.
S olicit accounts and agencies o f Banks, R a llv a /s
Corporations, Firms and Individuals upon
favorable term s; also orders fo r the pur
chase and sale o f Bonds, Shares, &e., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
Sight drafts, at Bank o f England rate, and
one per cent below that rate subject to
demand drafts.
N e g o t i a t e Railway, State and City Loans.
This Company undertakes the business o f Trustee
E.
to Loans o f approved Bailways, negotiates and
issues Loans on the London Market, aots as A gent fo r
S. B a i l e y ,
5*a P I N E S T R E E T .
dealings in
Bailways and other Corporations, either in the mat
ter o f payments o f Interest on Loans, Dividends on
I N S U R A N C E
A
or Registration o f Stocks in London, or otherwise.
Cable Address—PAVY, L o n d o n .
R E G IS T R A T IO N
TH E ENGLISH ASSOCIATION OF AM ERICAN
BOND A N D SHAREHOLDERS (LIM ITED) will
obtain registration o f American Railway shares
(now passing about on blank transfers) in the name
o f the Association, securing to the true owner full
voting power, prompt payment o f dividends in Lon
don and collection o f rights.
For shares registered in its name the Association
will issue, free o f charge, certificates countersigned
hv the London and Westminster Bank (Limited),
against the shares lodged with the Bank. T he cer
tificates have dividend coupons attached, payable in
London. The charge fo r registering shares in the
name o f the Association is 3d. per share. I f insured,
fid. per share, out and hom e (including registration),
the market value not exceeding £12 per share, 9d.
per share up to £25 per share.
The Association will also obtain registration in
owners’ names, and collect the dividends by power
o f attorney. Full particulars may be obtained at
the offices o f the Association.
SAM UEL POPE, Q. C., Chairman.
JOSEPH PRICE, Managing Director.
F. P . B A X T E R , Secretary.
5 Great W inchester Street, London, E. C.
The Association acts as Transfer Agents in Lon
don fo r American Railway Companies, in conjunc
tion with the London agents o f the Mercantile
Trust Company o f New York as Registrars.
Agents in the United States,
POOR & GREENOUGH. 36 WaU St., N.Y.
Blake, Boissevain & (Jo.,
LONDON, E N G LA N D .
N e g o t ia t e Railway, State and City loans.
E x e c u t e orders fo r Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
S p e c ia l a t t e n t i o n given to the execution o f
orders fo r Securities on the New York, Lon* don and Amsterdam Exchanges, in corres
pondence with
BROTHERS
5 N assau
28
âc CO.,
S tre e t, N e w Y o r k ,
S ta te S tre e t,
Cash paid at once fo r the above securities; or they
will be sold o n com m ission at seller’s option.
Tames D . Simons,
OF
American Railway Shares.
BLAKE
STOCKS
S P E C IA L T Y .
R o sto n , M a ss,
AND
(Formerly SIMONS & CHEW.)
R A N K E R
& B R O K E R ,
2 Exchange C o a rt dc 5 2 B r o a d w a y , N . Y
A ll Securities dealt In at N. Y . Stock Excbange
bong »< and sold fo r Cash or on Margin. Special atten
tion given investments. Correspondence solicited.
MemberN. Y . Stock Exchange.
Member N. Y . Produce Exchange.
STOCKS and BONDS
A t Auction.
Che U n d e rsign e d h o ld R E G U L A R A U C T IO N
S A L E S , o f a ll cla sses o f
STOCKS
AND
BONDS,
ON
W EDNESDAYS AND SATU RDAYS.
A D R IA N H . H E L L E R
& SON,
N o . 1 P IN E S T R E E T . N E W Y O R K .
Rolston & Bass,
NO.
B R O A D STREET, NEW Y O R K .
STO C K S, BONDS,
A N D M IS C E L L A N E O U S S E C U R IT IE S
Correspondence solicited.
Quotations cheerfully furnished.
WM. H. ROLSTON,
W . ALEX. BASS, JR.
Member N.Y. Stock Exch’ge.
r jt H X
20
IN V E S T O R S
AGENCY.
M. L . SCUDDER, J r ., PR O P R IET O R,
240 L A SALLE ST., CHICAGO, ILL.
R e p o rts Concerning A ffa irs ot Corporations
RAILROADS ESPECIALLY.
Large Library Railroad Documents,
Competent Experts
Confldential.Reports,
Moderate Charges.
Send fo r circular.
A D O L P H B O ISSEVAIN & CO.
A m ste rd a m , H o lla n d .
The Bank of Australasia.
(Incorporated by Boyal Charter, 1835.)
4 T li r e a d n c e d l e S t r e e t , L o n d o n .
Paid-up Capital, - - - - - - £1,600,000
Reserve Fund, - - - - - - 800,000
Reserve Liability o f Proprietors
under the Charter - - - - 1,600,000
Letters o f Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent fo r collection.
Telegraphic transfers made.
Deposits received in London at interest fo r fixed
periods, on terms which mav be ascertained on ap
plication.
P R ID E A U X SELBY, Secretary.
H ong Kong & Shanghai
R A N K IN G C O R P O R A T IO N .
$7,500,000
Paid-up Capital...............................
3.900.000
Reserve Fund..................................
7.500.000
Reserve Liability o f Proprietors.
The Corporation grant Drafts, Issue Letters o f
Credit fo r use o f Travellers, and negotiate or colleot
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, H ong Kong, Foochow , Am oy,
Ningpo, Shanghai, Hankow, Yokohama, H iogo, San
Francisco and London.
A . M . T O W N S E N D A g e n t , 5 0 W a U S t.
J
S. W e lls ,
EXPERT
ACCOUNTANT,
R oom 519, W ELLE S B GILDING, 18 B R O A D W A Y .
Railway, Mercantile and Stock accounts investi
gated. A ccounts o f Estates adjusted.
W E S O L IC IT T H E A G E N C Y
or
N A T IO N A L
A t a C L arge o f $5
BANKS
per A n n u m .
GREEN & CUNNINGHAM,
R e a l E sta te B r o k e r s
1405 F STREET, W ASHINGTON, D. C.
R eference: Hon- A . U. W y m a n , Ex-Treas«ror
U 8., Omaha, Neb.
J. S. ALEXANDER, Pres.
A . A . A l e x a n d e r , Cash’r .
Texas National Bank,
SAN A N T O N IO , T E X A S .
*COLLECTIONS A N D INVESTMENTS MADE.
Oerre»pondenoe„invited.
June
9, 1888.J
THE
C H R O N IC L E
V
ffitmtxjcial»
IfXttawjcial.
îTiuauctal.
JARYIS-GONKLIN
R . A . Lancaster & C o.,
JUNE IN V E STM E N TS.
HAN K ER S,
MORTGAGE TRUST 0 0 .,
K A N S A S C I T Ï , R IO .
Wo. 10 W A L L S T R E E T ,
NEW YORK.
DEALERS 1ST
C a p ita l and S urplus P aid Up, $ 1 , 1 4 0 , 0 0 0
T h is C om p a n y offers fo r sale a t p a r and
a ccr u e d in te re s t its
INVESTMENT and MISCELLANEOUS
SECURITIES.
» on til er n Securities a Specialty.
SIX P E R CENT D E B E N T U R E S ,
p a y a b le h a lf-y e a rly a t th e office o f T H E M E R
C A N T IL E T R U S T C O ., N E W Y O R K .
These
D e b en tu res run fo r T en y e a rs , b u t w ith th e
o p tio n o f red em p tion a t th e en d o f F iv e y ea rs
T h e y a re d ire ct ob lig a tio n s o f t h e C om p a n y
a n d a re fu r th e r secu red b y a n eq u a l a m ou n t o f
R e a l E sta te M ortg ag es o n im p r o v e d a n d p r o
d u c tiv e R e a l E sta te w o r th fr o m th ree t o live
tim es th e a m ou n t o f th e m ortg a g es, h eld b y T H E
M E R C A N T IL E T R U S T C O ., w h ich u n d er special
A rtic le s o f A g reem en t a cts as T ru stee fo r th e
h o ld ers o f th e D eb en tu res.
T h e y a re issued in
d en om in a tion s o f $ 5 0 0 , $ 1 ,0 0 0 an d $ 5 ,0 0 0
T h ese D eb en tu res are a v e r y desirab le class
o f in v estm en ts fo r E sta tes a n d T ru st Fundsa n d fo r in d iv id u a ls a n d co r p o r a tio n s d esirin g
a n e x c e e d in g ly s a fe in v estm en t, w ith a co m ,
p a ra tiv e ly h ig h ra te o f in terest.
m o r t g a g e s o n R e a l E s t a t e in K a n sa s C ity
a n d im p r o v e d fa rm s in K a n sa s a n d M issouri,
a t n o t to e x c e e d 4 0 p e r c e n t o f th e va lu e, are
a lso offered in v estors.
A D V IS O R Y B OARD OF DIRECTORS:
LOGAN C. M U R R A Y , President U nited States
National Bank.
JOHN P. TOWNSEND, Vice-President Bowery
Savings Bank.
.E V AN THOMAS, o f E V A N THOM AS A CO.,
Produce Exchange.
JOHN A . M cCALL, Comptroller Equitable L ife
Assurance Society.
COL. A . H A RTSU FF, Surgeon U.S.A., Fort Ham
ilton, New York.
THOS. C LARK, J r , late President American E x
change Insurance Company, 239 Broadway.
L . F. M e n a g e , t h o s . L o w r t , h . g . m e n a g e ,
P res’t. A . J. D e a n ,
Sec. & Treas.
V ice-Prest’s.
F u ll P a id C a p it a l, - $ 5 0 0 ,0 0 0
A u t h o r i z e d C a p i t a l, - $2,0o0,000
Northwestern Guaranty
Loan Company,
M in n e a p o l is , M in n .
DIRECTORS:
Thos. Lowry,
W m . H . Eustis, rC. H . Pettit,
Loren Fletcher, John S.Pillsbury L. F. Menage.
ClintonMorrison H. E. Fletcher, A . J. Dean,
W .D .W ashburn, Philip H. Neher, Joseph Dean,
Geo.A.Pillsbury, E. W . Herrick, (Hen’y G.Menage
This company guarantees 6 p e r c e n t G old
B o n d s and short-time business paper.
The company guarantees nothing that is not amply
and specially collateraled.
Parties desiring safe and very desirable securities
will find it to their interest to call on or address
N E H E R & C A R P E N T E R , B a n k e rs,
and Eastern Managers fo r the Company, at 170
Broadway, New York, or 5 First Street, Troy, N. Y.
E Q U IT A B L E
M ortg a g e C om pany.
C a p ita l S u b sc rib e d ........................ $ 2 ,0 0 0 ,0 0 0
P a id in (C ash ) ................................. 1 ,0 0 0 ,0 0 6
D E B E N T U R E S ,
Bearing 0 per cent, running ten years and based
exclusively upon W estern Farm Mortgages, held in
trust by the American Loan & Trust Company, o f
New York, fo r the benefit o f the bondholders. Their
safety, time to run and rate o f interest make them
the m ost desirable investment now offered. Also,
GUARANTEED FARM MORTGAGES.
O F F IC E S »
The
Sugar Refineries
Company.
STOCK BOUGHT AND SOLD.
JAM ES H A V E M E Y E R ,
Aldrich Court, 45 Broadway, N. Y.
S. A. K E A N
& CO.,
U nited Bank Building,
C or. B r o a d w a y and W a l l S tre e t.
W ANTED:
SIX PER CENT
in c o m e
:
s e c u r it ie s
.
L a n d D e b e n tu re s, G u a ra n te e d F a rm and
C ity m o rtg a g e s, and S ch ool B o n d s.
NEW ENGLAND LOAN & TRUST CO.,
New York & Rockaway Beach Stock and Incom es»
Scioto Valley Bonds, all issues.
Columbus & Toledo 1st 7s, 1905.
B U Y AN D SE LL :
Iron Steamboat Stock and Bonds.
Texas & Pacific Scrip, ali issues.
New Orleans City Bonds.
1 6 0 B road w ay , N ew Y o r k .
G. W . D O U G H E R T Y ,
6%
GUARANTEED.
W e invite persons wishing Investments absolutely
safe to exam ine the securities o f the
Member N.Y. Stock Exchange,
M il l s B u il d in g .
1 5 B r o a d S t ., N . Y .
AMERICAN INVESTMENT CO.
A s s e ts
O ctob er 1 , 1 8 8 7 ,
$ 1 ,8 8 3 ,9 0 9 .
A ll loans and debentures fully guaranteed. Full
inform ation given by
A .L .O K M S B Y , H . E . S I M M O N S ,V .P r e s t’ s,
1 5 0 N a ssa u S tre e t, N ew Y o r k .
W M . C. N O Y E S,
96
B R O A D W A Y ,
D E A L E R IN A L L
»W rite f o r fu r th e r in fo rm a tio n a n d referen ces
to a n y on e o f th e c o m p a n y ’s offices at
K A N SA S C IT Y M « „
N E W Y O R K ) 2 39 B r o a d w a y ;
L O N D O N ) E N G L A N D . 9 5 G resham St.
W E OFFER
C I T Y O F IC O L U M B U S , O H I O , 4 s and 6 s »
W O O N S O C K E T , R . I . , R e g istere d 4 s .
C I T Y O F T O L E D O , O H IO , 4 s.
C I T Y O F S I O U X F A I .L S , D A K O T A , 7 s .
C I T Y O F S IO I X C I T Y . I O W A , 6 s .
C I T Y O F L E A V E N V* O R T H , K A N ., 6 s .
N O R T H C H IC A G O S T R E E T R A I L ’ Y 5 s »
C O U N T Y OF L IC K IN G , O H IO , 6 s.
C O U N T Y O F C O M A N C H E , K A N ., 6 s .
F or fu ll particulars and price apply to
N ew Y o rk
AND
B ro o k ly n
T R U S T COMPANIES» STOCKS.
A lso, all the Stocks Guaranteed b y the
DELA. LA CK . &
LAKE
W E S T , and the
S H O R E & M IC H . SO U TH ER N
R A I L R O A D C O M P A N IE S .
T H E M I D D L E S E X R A N K I N G C O .,
A
MIDDLETOW N, CONN.
C a p ita l Stock , P a id up, - - - - $ 6 0 0 , 0 0 0
S IX P E R CENT F IR S T M O R TG A G E
D E B E N TU R E BONDS
and Mortgage Notes. Guaranteed Interest payable
at National Bank o f the Republic, N. Y. Chartered
1872. Under same supervision as Savings Banks.
The amount o f outstanding obligations limited by
statute.
Offices—Boston, 54 Equitable B uilding: New
Yo
11 W all St.; Philadelphia, 512 W alnut St.
J. L. Robertson,
BO ND AND STO CK B R O K E R
Dealer in Investment Securities,
N o. 7
N ASSAU
STREET,
(C on tin e n ta l N a tion a l B a n k B uildin g,)
N *w
Y ork.
TO TH E BOND A N D STOCK HOLDERS OF
TH E
V IC K S B U R G & M E R ID IA N R A IL R O A D
COM PANY.
The undersigned Committee, appointed at the
Stockholders’ m eeting o f this Company fo r the pur
pose o f reorganizing the financial affairs o f the com
pany, hereby give notice that a modified plan has
been perfected and is now on file with the Farm ers’
Loan & Trust Company, as also the agreem ent to
he executed by the respective bond and stock h old
ers in relation thereto.
The Farmers’ Loan & Trust Company is now pre
pared to receive the bonds, shares, &e., under the
term s o f said plan and agreem ent and issue proper
certificates therefor.
The right to deposit securities fo r participation in
the reorganization will expire on June 15.
Under the terms o f the decree o f foreclosure the
road is to be advertised fo r sale after June 0.
Copies o f the plan and agreem ent can be had o f
the Trust Company, o f any member o f the Commit
tee, and o f the Secretary.
JAMES G. K. DUER, James J. K ing’s Sons, 53
W illiam Street, New York.
RUSH C. H AW K IN S, Tribune Building, New
York.
GEORGE AREN TS, Arents & Young, Drexel
Building, New York.
E D W A R D R. BACON, 2 W all Street, New York.
W A L T H E R LUTTGEN, A ugust Beim ont & Co.,
3d W all Street, New York.
Dated N e w Y o r k , May 21,1888.
D . G R A F F , S e c re ta r y ,
5 4 W a l l S t., N e w Y o r k .
Investment Bonds
FOR SAVINGS BANKS, ESTATES, T R U ST
FUNDS AN D P R IV A T E
INVESTORS, ON
H A N D AND FOR SALE B Y T H E U N DER
SIGNED.
W E OFFER A T TH E PRESENT TIM E A F E W
SPECIAL LOTS OF LONG FIRST M O RTG AG E
BONDS A T PRICES P A Y IN G 5 A N D 0 P E R
CENT.
CORRESPONDENCE AN D PERSON AL CON
FERENCE INVITED.
J O H N I I . D A V I S & C O .,
B a n k e rs a n d In v e stm e n t B r o k e r s ,
10 W A L L ST „ NEW Y O R K .
S T A T E OF G E O R G IA B O N D S.
F O U R A N D O N E -H A L F P E R C E N T .
E x e c u t iv e O f f ic e ,
)
A t l a n t a , Ga., June 1,1888.j
Under the authority o f an act approved Sept. 5,
1887, authorizing the G overnor and Treasurer t o
issue bonds o f the State to an am ount n ot to e x
ceed nineteen hundred thousand dollars, with
which to pay off that portion o f the public debt
maturing Jan. 1,188-*, sealed proposals will be re
ceived at the office o f the Treasurer o f Georgia upto 12 o ’clock M., on July 0 next, fo r one m illion
nine hundred thousand dollars o f fo u r and on eha lf per cent coupon bonds (maturing as herein set
forth) to be delivered Oct. 1, i e8«:
One hund. thousand dollars to mature Jan. 1,1898.
One hund. thousand dollars to mature Jan-. 1,1899»
One hund. thousand dollars to mature Jan. 1,1900.
One hund. thousand dollars to mature Jan. 1,1901.
One hund. thousand dollars to mature Jan. 1,1902.
One hund. thousand dollars to mature Jan. 1,1903,
One hund. thousand dollars to mature Jan. 1,1904.
One hund. thousand dollars to mature Jan. 1,1905,
One hund. thousand dollars to mature Jan. 1,1906.
One hund. thousand dollars to mature Jan. 1,1907.
One hund. thousand dollars to mature Jan. 1,1908.
One hund. thousand dollars to mature Jan. 1,1909.
One hund. thousand dollars to mature Jan. 1,1910.
One hund. thousand dollars to mature Jan. 1,1911.
One hund. thousand dollars to mature Jan. 1,1912.
One hund. thousand dollars to mature Jan. 1,1913.
One hund. thousand dollars to mature Jan. 1,1914.
One hund. thousand dollars to mature Jan. 1,1915.
One hund. thousand dollars to mature Jan. 1,1916.
The bonds to be in denom ination o f one thousand
dollars, with semi-annual coupons due on the 1st
day o f January and July o f each year respectively.
T heprincipal and interest payable in the city o f
New York, at such place as the G overnor m ay elect,
and at the office o f the Treasurer o f the State, in
the city o f Atlanta, Georgia.
Bids must he accom panied by certified check o r
checks, certificate o f deposit o f some solvent bank
or bankers, or bonds o f the State o f Georgia fo r five
per cent o f the am ount o f such bid, said checks or
certificate o f deposit being m ade payable to th e
Treasurer o f Georgia.
Bids will be opened by the G overnor and Treas
urer and declared by the sixteenth o f July next, th e
State reserving the right to reject any or all o f said
bids.
The State will issue registered bonds in lieu o f
any o f the above-nam ed bonds, as provided in said
act, at any tim e on demand o f the owner thereof.
Copies o f the A ct o f the General Assem bly author
izing this issue o f bonds will be furnished on appli
cation to the Treasurer.
JNO. B. GORDON, Governor.
R. U. H a r d e m a n , Treasurer.
/C H I C A G O & N O R T H W E S T E R N R A I L Ia W A Y CO., 52 WALL St r e e t ,
N e w Y o r k , June 7,1888.
A dividend o f ONE AN D T H R EE -Q U A RTE R S
P E R CENT on the preferred stock and T H R E E
P E R CENT on the com m on stock o f this com
pany will be paid at this office on Wednesday, June
27. Transfer books will close on Monday, Jane 11,
and re-open on Friday, June 29.
M. L . SYKES, Treasurer.
| [V gl . XLYI»
THE CHRONIC U l
VI
ffitiatitiaX.
ffitmnxial.
A C H O IC E A N D S A F E IN V E S T M E N T .
SEATTLE LAKE SHORE & EASTERN
RAILWAY COMPANY.
W E O F F E R , SU BJECT TO S A L E ,
Stock of the Petersburg Granite
Quarrying Company.
$ ^ ,0 0 0 ,0 0 0
Capital Stock, 15,000 Shares (Unassessable); Par
Value, $150,000.
(T O T A L IS S U E )
t i y e p e r cent f ir s t m o rtg ag e
GOLD BONDS
OP THE
M etropolitan Telephone &
The property o f this Company, together with the
quarry leased by it from the State CentnU Lunatic
Asylum , is located near Petersburg, Va. The
granite o f these quarries is o f superior quality fo r
all purposes, and owing to the superior shipping
facilities enioyed by the Company, it is in a posit fo n t o com pete fo r business with any Quarry ln the
country. Further inform ation may be obtained,
and applications fo r purchase o f the balance o f the
treasury stock m ade, at tne ounce ox
S T E W A R T B R O W N ’ S SO N S,
Telegraph Co.
OF
NEW
YORK
C IT Y ,
Due M ay 1 , 1 9 1 8 .
P R IN C IP A L A N D IN T E R E S T P A Y A B L E
GOLD.
C o u p o n s P a y a b le M a y a n d
.
M e r c a n tile
IN
N ovem ber
A T TH E
T r u s t C o .,
4 5 Y e a r» F ir s t M o rtg a g e 6
G o ld B o n d s .
N ew Y o r k ,
N. Y.
Registered Certificates issued if required.
P R I C E , P A R A N D A C C R U E D IN T E R E S T .
T he M ETROPOLITAN TELEPHON E COM
P A N Y has exclusive telephone rights under the
B ell patents fo r the City and County o f New York.
It owns real estate in New York, im proved, or to
b e im proved with part o f the proceeds o f these
bond s, which will be worth, when the new building
Us com pleted, $1,000,000.
This real estate (and all real estate h ereafter to
b e acquired by the Company) is covered by the
m ortgage securing this issue o f bonds. The m ort
gage also covers franchise, switch boards, appar
a tu s, wires, structures and rights o f way.
The mortgage also provides for a sinking fund, be
ginning in 1890, of one per cent per annum, payable
jsemi-annuaUy, and authorizes the Mercantile Trust
Company, Trustee, to buy bonds with this sinking
fu n d up to 110 and interest. I f bonds cannot be bought
a t limit, the Trustees are authorized to invest the
-sinking fund in other securities; the bonds cannot be
-drawn.
Control o f the capital stock o f the Company is
o w n e d by the Am erican Bell Telephone Company.
The net earnings o f the M etropolitan Telephone
•A Telegraph Company are $000,000 per annum.
T h e bonds will be ready fo r delivery about July
15. In the meantime the Company’s negotiable
'■receipts will be given fo r payments in full.
I W e reserve the right to advance the price at any
tim e without notice.
LEE, HIGGINSON & CO., B oston.
CHASE & HIGGINSON. New York.
W A L L S T R E E T GOSSIP AMD
F O IS T S .
W A N T E D —For a leading London newspaper, a
-weekly letter equal to about one colum n o f the
““ Ghronicle,” on the New York Stock and M oney
Markets. State term s by letter to “ G.,” Office o f
th e “ Chronicle,” 102 William Street.
NO COMPULSORY D R A W IN G .
In te r e s t P a y a b le F e b r u a r y a n d A u g u s t, a t
th e A g e n c y o f th e C o m p a n y in th e
C ity o f N e w Y o r k .
These bonds are secured by first m ortgage to th e
Union Trust Company o f New York, upon the valu
able terminals o f the Company in the City* or
Seattle, W ashington Territory, and on the com plet
ed and fully equipped road, in fu ll operation, ex
tending eastward to the great coal mines o f th e
Seattle Coal & Iron Company, a distance, including
main line and branches, o f 4±'5 miles. The roa.d is6 4 B r o a d w a y , N .Y .
standard gauge, built in a thoroughly first-class
manner, and laid with extra heavy steel rails o f th e
best make.
_
...
, ____
A nother division o f 40 m iles o f the main line,
passing through to Important coal fields and reach
ing the extraordinary deposits o f Bessemer ores in
the Snoqualmie Pass o f the Cascade Range, is in
course o f construction.
A branch o f about loo miles, connecting the m am
line with the Canadian Pacific Railway near its
western terminus, is also under contract and, 14
F IV E P E R CENT
miles o f this branch, to Snohomish City, will be m
operation about June 1st. This branch, when com
o O - Y e a r G o l d B o n d s pleted, will connect the Canadian Pacific with th e
railway system o f the United States on the P acific
Coupon Bonds S I , 0 0 0 - Interest payable JAN . 1 Coast and will becom e, im m ediately upon its open
ing, one o f the m ost profitable lines in the country.
and JU LY 1. Registered Bonds of S i , 0 0 0 and
The road to the coal mines has been com pleted
and in operation since A pril 10. and already th e
S 1 0 , 0 0 0 . Interest payable quarterly.
tim
ber and m iscellaneous freigh t and ^passenger
The total debt o f this Company is at the rate o f traffic
has developed to such an extent that th e
about $ 2 1 , « » 0 per mile o f road, including the road is earning largely in excess o f the interest o a
S l,5 b O ,O I H ’ o f bonds now being issued, the pro
A lthough the coal mines are n ot yet fu lly devel
ceeds o f which are disbursed by the C EN TRAL oped, they will furnish a carriage to the road dur
TRUST COMPANY, as Trustee, under jo in t direc ing the current calendar year o f 150,000 tons, and
will furnish at least 300,000 tons an
tion o f the officers o f the Company and Its lessee, thereafter
nually, making the presentoperated division one or
solely fo r the construction o f a double track be the m ost productive roads in the whole list or
tw een CLEVELAND and YOUNGSTOWN and fo r Am erican railways. The extensions o f . m am lin e
and branch above-m entioned will be almost equally
additional terminal facilities.
The CLEVELAND & MAHONING V A L L E Y P \VeU<offer a lim ited am ount o f the above-m en
bonds at 95 and accrued interest, ana
R A IL W A Y was leased to the A tlantic & Great tioned
recom m end them as a safe investment.
___
W estern Railroad Co. in 1862, and by that com pany
Prospectus and map will he m ailed upon request.
Is sub-let to the New York Lake Erie & W estern
J A M E S O N , S M IT H & C O T T IN G ,
Railroad Co., and is their only direct connection
2 3 B r o a d S t ., N .Y . C ity .
with Cleveland, Ohio. The lease runs until October
June 1,1888.
7,1982, and the rental, payable monthly in advancet
In addition to taxes, &e., amounts to the annual
sum o f .................................................. . . . . . . . 5 0 2 , 1 8 0
T o ta l an n u al in te re s t c h a r g e s . .. 1 5 4 ,9 3 3
Cleveland & Mahoning
Valley Railway Co.
B U LLIO N
It is officially stated that the lease has been a
source o f profit to the lessees, as the CLEVELAND
& MAHONING V A L L E Y R A IL W A Y earns m ore
than the rental paid fo r Its operation.
Regular quarterly dividends are now paid upon
the capital stock o f $ 2 ,7 5 9 ,2 0 © at the rate o f
j 1 7 _ 8 PE R CENT, per annum.
The total dividends paid annually during the past
sixteen years amount to m ore than 1 6 » PE R
CENT, an average o f 1 » PERC E N T P E R ANNUM.
Subscriptions will be received fo r the above-de
scribed bonds at the price o f 1*»7 1 -2 and accrued
interest, and additional inform ation furnished by
M im O W ,
18
YESEY STREET, N EW Y O R K .
FINE FISHING TACKLE.
Send us 10 cent* to prepay postage on Catalogue.
Fifth Avenue H otel,
M a d is o n S q u a r e , N E W Y O R K *
The largest, best appointed and m ost liberally
m anaged hotel in the city, with the m ost cen tral
E A N IE R & CO.,
and delightful location.
1 7 N a ssa u S tre e t.
HITCHCOCK, D A R LIN G & CO.
MERCHANTS’ NATIONAL BANK,
R IC H M O N D , V IB G IN IA .
Collections made on all Southern points on best
terms; prompt returns^ p BRANCH, President.
J ohn F. Glenn , Cash. F r e d . R. Scott, Vice-Pres.
Bible Hotel,
AM STERDAM , HOLLAND.
Beautifully situated in the centre o f the city, e lo M
to the Railway Station and the Exchange. F irst,
SAVING COMPANY.
T h is C om p a n y h a s ju s t heen sta rted , a n d ha s p u rch a se d th e p a te n ts o f Dr. J u U o H ' Ra® *o r
t h e S tate o f C olora d o a n d th e T e rrito rie s o f W y o m in g , D a k o ta an d N ew M e x ico .
is sys em
.h as been a g r e a t s u cce s s, h a v in g a lre a d y in cr e a s e d th e b u llio n p r o d u c t o n th e P aei o o a s °J ® r
$ 4 0 0 ,0 0 0 , a n d th is o n a v e r y fe w m ills a n d w ith in a v e r y s h o ri tim e. T h e co m p a n y o w n in g
e
r ig h t s f o r th e S tate o f N ev a d a ha s a lrea d y p a id d iv id e n d s o n its Btock.
I t is p ro p o s e d to sell, l o r th e n e x t tw o w eek s a lim ite d a m o u n t o f s to c k a t th e r a te o f $ 2 P
» R a r e , t h e p a r v a l u e b e i n g $ l o . T h is w o u ld m a k e a v e r y h a n d som e in v e stm e n t. I I
W O U L D N E T T H E P U R C H A S E R 6 0 P E R C EN T. T h is is n o e x p e rim e n t, e s th e syste m has
a lre a d y p r o v e d a g reat su ccess, th e D o u g la s M ill o f D a y to n , N eva d a ; h a v in g m a d e a n A V E R A G E
S A Y IN G o f $ i 0 0 0 A M O N T H F O R S IX T E E N M O N TH S. A s th is C o m p a n y h a s th e b e st d is
t ricts in th e U n ited S tates, w e b e lie v e th e d iv id en d s as a b o v e a re u n d er-estim a ted . T h e p la n or
Se C om p a n y is t o p la c e th e p la n ts in th e d ifferent m ills u p o n ro y a ltie s. T his is a la r e o p p o r
tu n ity to m a k e a hrst-elass in v estm en t. T h e D ire c to r s o f th e C o m p a n y a re co n s e rv a tiv e a n d w e llk n o w n m en.
S end fo r d e sc rip tiv e circu la r a n d fu r th e r in fo rm a tio n te th e
ELECTRIC BULLION SAVING CO.,
Abbey & Imbrie,
Surplus renta4 .......... ••• •• ............. $ 3 4 7 .2 4 7
Prom 12 to 15 Per Cent will, in all probability, be paid
on the Par Yalne o f the Stock o f the
ELECTRIC
P er C ent
115 B R O A D W A Y , R o o m 52,
F E W Y O R K C ITY ,
rate cooking. Excellent wines. Moderate prices.
W . P. W E R K E R , Manager.
Massasoit
House,
S P R IN G F IE L D , M ASS.
T H E BEST APPOIN TED HOUSE IN W ESTERN
NEW ENGLAND.
Convenient fo r the tourist or business man. Near
Union Depot.
w > H . C H A P IN .
Spencer Trask & C o .,
BANKERS <k BROKERS,
16 and 18 Broad Street, N. Y.
Albany, N.Y.
Providence, R I.
Saratoga.
Transact a General Banking B usiness,
Special attention given to Investment,
Securities.
Direct Private Wires to each office and to
PHILADELPHIA,
BOSTON,
WORCESTER*
HUNT’ S MERCHANTS’ MAGAZINE,
Ü-
H iw s s ju jr n ,
REPRESENTING THE IN DUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
V O L . 46.
S A T U R D A Y , JU N E
9, 1888.
ÍS’ fee © h rm iicL e .
N O . 1,198.
May.
1888.
Terms of Subscription—Payable in Advance :
F o r O n e Y e a r (in c lu d in g p o s t a g e ) ............................................. * 1 0 2 0
F O r S ix M on th s
do.
................ .................. . . . . . ^ 6 10
European Subscription (including p
•
o
s t a
g
e
) . 11 28
A n n u a l su b scr ip tio n in L o n d o n (in c lu d in g p o s t a g e ).......... £ 2 7 s .
.......... £ 1 8s.
S ix M o s .
do
do
do
•WILLIAM B . D A NA.
Fl o y d ,
JOH» d.
S
i
. ? * ® A N A Sc C o ., P u b l is h e r s ,
1 0 2 W i l l i a m S tr e e t, N E W Y O U K .
C
P o st O f f ic
e
B
o x
958.
CLEARING HOUSE 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 per cent,
Week Ending June 2.
1888.
$
1887.
Week E nd’g May 26.
P . Cent,
508,853,043
568,137,154
—10-5
563,767,067
(924.885)
(102,400)
(32,891,987)
(16,920,000)
(1,145,957)
(519,900)
(32.713,278)
(12.570,000)
(—19-3)
(—80-3)
(+ 0*6;
(+34-6)
(1,251,235)
(246,800)
(55.358,225)
(16,416,000)
B o sto n ..................... '.......
P ro v id e n ce .... ...............
H a rtfo rd ....... ..................
N ew H a v e n .................
P o rtla n d ....,...................
W o rce ste r.......................
S prin gfield ...................
L o w e ll..............................
71,310,403
4,208,900
1,429,293
1,051,358
832,848
849,724
855,068
538,770
78,319,511
8,842,500
1,565,214
1,177.908
952,584
808,370
890,633
667,855
-8 -9
+9 5
. —8-7
Luiré—12-0
+5-1
—3-9
—19-8
80,379,107
4,874,600
1,451,84'“
1,13),77:
890,092
926,382
1,115,143
521,285
T otal New England...
81,076,967
88,224,668
8-1
90,790,227
^+■ 2
Philadelphia.......... .........
P ittsburg.........................
B altim ore........................
59,789,537
9,930,586
11,356,020
65,675,603
9,042,882
13,496,792
—8-9
+9-9
—15-9
59,296,244
10,426,551
10,276,280
+ 2'9
+ 1-6
—17-2
T otal M iddle.......
81,082,743
88,215,277
—8-1
79,999,075
—0-4
C hicago...................
Cincinnati..............
M ilw aukee..............
D e t r o i t ... ..............
Indianapolis.......... .
Cleveland............... .
C o lu m b u s ..............
P eoria ......................
Omaha......................
M inneapolis............
D en ver....................
St. P a u l..'...............
Grand Rapids..........
W ich ita ....................
D u lu th ......... . . . . . .
T o p e k a * ,.............
59,897,408
8,913,900
4,306,004
3,819,797
1.545,907
2,517 571
1,749.532
1,120,524
3,200,170
3,009,323
2,445,088
3,800,582
520,936
734,334
1,944,778
285,471
67,711,780
11,065,100
6,028,501
3,189,205
1,999,998
2,900,517
2,157,898
1,104,513
2.812,001
3,406,001
2,141,583
4,158,421
599,995
875,921,
3,003,019
—11-5
-1 9 4
—850
+19-8
—22-7
—150
—189
+1-5
+16-1
+00
+14-2
—80
—13-2
—10-3
—400
02,394,436
9,361,610
3,757,841
4,169,473
1,869,942
2,940,173
1,838,421
1,242,733
3,902,80)
3,511,741
2,075,13)
3,580,435
611,805
778,858
1,457,855
¿530,111
+13-2
—11-4
—139
+27-4
—16-8
—1-0
—10-3
+80
+18-8
+50
—5 3
—1-4
T otal W e stern ....
100,193,110
114,416,056
—12-4
103,492,833
St. L ou is..................
St. Joseph................
N ew Orleans............
L ou isville................
Kansas C ity.............
M e m p h is ..,,............
G a lv e s to n .............
N o r fo lk ...................
14,376,893
1,071,763
6,574,177
6,165,554
6,806,251
1,478,228
680,095
604,374
17,148,186
1,507,439
5,301,611
6,770,552
8.643,390
1,001,938
759,491
513,642
—16-2
-28-9
+ 22-1
—9 0
— 20-0
-7 -7
—10-5
+11-2
14,905,720
1,180,271
6,086,000
5,278,578
7,903,639
1,323,890
660,882
629,938
T otal Southern....
37,817,835
42,342,255
—10-7
33,008,968
Ban Francisco..........
16,318,200
17,654,693
—7-0
12,728,032
T otal all.................
824,841,993
918,990,108
310.48+:->55
* N ot included In totals.
350,852,954
Outside Ndw Y o r k ..
888,786,202
+ 26-9
—8-1
—280
1888.
1887.
P .C t.
New Y o r k .... 2,727,058,424 2,790,768,387 - 2 3 12,420,088,814 14,095,978,157 -11-9»
B o s t o n ...:....
386,761,609 404,785,114 —4-5 1,785,258,846 1,873,«47,388 - 4 -T
Providence...
20,339,100
19,043,900 + 6-8
102,550,600
97,335,400 + 5-4
H artford.......
6,869,805
6.630,590 +3-6
37,097,070
80,880,563 + 0-6
New H aven..
5,589,292
5,2:-0,298 +6-9
25,331,025
25,737,720 — 1-6
4,233,276
Portland.........
3.781,574 +11-9
19,936,238
18,611,036 +7-1
4.432,:<03
W orcester....,
3,888,-51 +14-0
21,102,572
19,429,565 + 8-6.
4,776.471
Springfield....
8,977.676 +20-1
23,040.921
20,618,200 +11-72,833,8*95
Lowell ............
2,598,162 +«•1,
13,253,196
12,032,075 + 10-1
Tot. N. Eng. 435,835,811 449,935,971 —3-1 2,027,570,468 2,104,498,007 -3 - 7
Philadelphia.. 268.240,851 251,829,733 +6-5 1,260,900,169 1,291,209,261 —23:
P ittsburg.......
47,880,705
43.960,337 +8-9
238,041,294
203,952,635 +16-7
52,484,724
B altim ore......
56,331,745 - 6-8
247,834,077
284,134,120 —12-8
Tot. Middle.. 368,606,840 352,121,815 ++•7 1,746,775,540 1,779,296,016 - 1 8
C h ica g o ........'
Cincinnati......
M ilwaukee__
D etroit..........
Indianapolis.,
C leveland....
C olu m b u s....
P e o r ia ..........
Omaha..........._
Minneapolis...
Denver.........
St. Paul.........
Grand Rapids
W ichita.........
T ot. W e st..,
278,064,607
43,948,900
17,797,154
17,185,87r
7,704,282
13,215,846
8,505,816
5,561,578
16,557,551
16,886,698
11,220,523
16,540,325
2,652,604
3,377,188
459,218,390
203,482,840 +5-5 1,206,583,974 1,134,640,944 + 6-3
50,422,450 - 12-8
214.211,750
244.4V3,000 —12*4
19,013,241 —6-4
86;737,760
87.535,040 —0 »
10,241,162 +5-8
85,518,199
74,863,147 +14-2:
8,434,456 -8 -7
40,240,831
34,787,204 +15-7
13,897,821 —1-4
62,881,517
65,605,222 -4 -2 .
9,251,830 —8-1
46,030,184
44,253,770 + 4-0
4,722,1<K +17-8
2+208,603
22,227,016 +26-0
66.090.0525
1 4 .0 7?,7 1 71 + 1 7 6
50,913,526 +16-1
69,912,376
64,826,302 + 7-8
10,790,047 +4-0
51,708,665
47,286,542 + 9 4
73,988,612
19,085,552 —16 8
78.786,320 ~ 6 1
2,115,758+25-4
13,035,173
10,197,607 +27-6
3,229,163 +4-6
15,105,740
27,324,488 -44-5
450,693,883 +1-9 2,060,314,736 1,993,670,134 + 3 3
+61
+ 0-9
—3-»
+ 8*2
+11-3
—1*5
+5-1
-1 8 -0
+16-7
+ 3-1
+8-4
-7-8.
Our compilo.tion embracing operations on the various New
York exchanges now covers five months of 18S8 and 1887:
Five months, 1888.
Description. P a r Value
or Quantity
Stock 1 v^f>e
R R. bonds...
G ov’t bonds.
State bonds.
Bank stocks.
T otal .. .
P etr’l’m.bbls
Cotton, bales
Gram ...bush
Actual
Value,
Five months, 1887.
IA ver’ge P a r Valut
j P rice. or Quantity
Actual
A ver’gt
Value.
Price
26,150,325
38,530,310
2187,114.350 11354072473 I 01-9 { $3405,786,750 (2010099847 590
$141,809,800 $120,073,646 90-3
$205,491,510 $171,086,997 83-2
$3.778,200
$4,536,728 1201
$4,277,350
$6,126,148 118-9
$1,973,055
$1,194,058 60-5
$11.811,700
$4,132,394 35-0
$857,650
$1,131,360 131-9
$020,150
$1,140,077 124-5
2335,593,555 $1489008,274 63-8
$3028,287,460 $2191591403 60-4
502,626,000 $527,977,710 89 1-10c 508,013,000 $332,256,760 65 4-10c10,209,900 $529,340,710 $51-39.
10,807,700 $550,944,430 $50-98
675,817,168 $570,498,410 84 4-JOc 825,362,642 $724,297,106 87&C.
T otal value..
$3116825.104
$3799089,825
Our usual telegraphic returns of exchanges for the five dayshave been received and are given below.
—14-1
—2-3
Returns by Telegraph.
+ 11-0
+«■8
—8-0
+82
—23 9 New Y o r k ..,........... .
+ 3 2 8 Sales o f Stock (shares)....
B oston..............................
- 6-8
Philadelphia...................
—170 Baltimore........................
Chicago.............................
For the month of May the clearings record an increase over
he total for April of $283,289,473, but contrasted with the
ike month a year ago there is a loss of 1-1 per cent. For the
ve months of the current year the decrease from last year
ea°h®3 l ‘?JPer ?ent m the whole country, but with New York
xcluded there is a gam of 0‘2 per cent,
\P.Ct.
73.797,059
79,768.575 —7-5
P . Cent, ■St. L ouis.........
368,110,210
864,821,080
St. J o se p h __
5,674,899
7,170,580 —209
27,829,813
28,947,183
New Orleans..
31,496.148
27,241,677 +15-6
204,322,813
188,919,990
26,082,040
23 439,246 + 11 3
- 7 3 Louisville.......
126,277.926
113,432,542
37,414,104
Kansas City...
89.253,76? -4 -7
160,867,323
163,315,375
8,643,266
6,922,119 +24-8
(-10-7) Memphis........
47,955,202
45,624.325
2,742,772
3,407,533 —19-5
(—69-9) Galveston......
18,259,374
22,272,555
8,172,470
2,383,403 + 33 1
(+Í6-4) N o r fo lk ..........
17,709,587
15,170,065
(+ 21-1)
Tot. South... 189,022,767 189,586,900 —0-3
971,332,308
942,509,120
—6-4
70.592,543
+ 8 5 San Francisco.
87,349,421 +4-8
324,989,199
299,674,571
—0-5
T otal all...... 4,250,329,284 4,300,456,377 -1 -2 1
—2 4
19,551,071,065 21,215,626,005
+8-5
4-14-7 Outside N. Y . 1,523,275,860 1.509,687,990 +0-9 7,130,982,251 ’,119.647,848
+32-2
—6 6
N ew Y ork ........................
Sales of—
(Stocks ........ shares.)
(Cotton . . . . .....bales.)
(Grain........... . bushels.)
(Petroleum ........... bbls.)
-
Five months.
1887.
Week Ending June 9.
1888.
»
438.458,887
(598,701)
69,056,888
$2,790,139
10,082,487
54,770,000
1887.
Week End’g June 2.
P. Cent.
1888.
P . Cent..
$
525,000,541
—10-5
(1.088,392) (—44-0)
74,446,299
-8 -4
49,699,083
+02
—9-9
11,501,880
+5-5
51,934,935
15(8?^ 943
—12-3
5,098,252 +13-0
$
399,013,898
- i l -a
(763,126) (~13-8>
54,207,003
—13-6
43,923,311
—18-4
8,790,488
—23-1
44,943,000
-1 1 -3
H,393,U0¡¡¿
—21-3.
4,562,828
—15-4
645,667.835
122,482,062
733,557,232
149,434,425
—12*0
—18-0
580,863,130
158,128,269
—18-4
-03-0
T otal fall w e e k ...... 768,150,797
Salance Country** • ••• • 100,022,410
833,981,05?
106,259,883
—13-0
—5-8
734,991,399
ÍOO,247,109
—1.0-5.
-fe-1
808,173.207] 989,241,540
—12 2
825,238,568
—10-2.
New Orleans....................
Total, 5 days.............
Estimated 1 day ........
Tonal week.all.: .. .
5,712,21
* jbor the full week, based on last week’s returns.
718
the
c h r o n ic le.
[V o l . XLVI.
made, though. it was reported yesterday that some few
hundred thousand pounds had already been drawn. The
THE FINANCIAL SITUATION.
presumption is that the bills against these and other negoti
The small bond purchases and the consequent inability
ations already made will .be large enough to keep sterling
o f the Secretary to get out his accumulations in that way
from advancing so as to make gold exports profitable.
have had no influence on money this week. W e have, how
The Reading loan was a great success, and was bid for
ever, set out, in a subsequent part of this article, facts
several times over.
^
which help one to measure the probable extent of current
W e do not need to point out the importance of keeping
Government accumulations and the effect they may exert in
in view the changing relations of the Government to the
steadyirg the- market later on. As it is now, the flow of
money market. A ll recognize it. Our money market is
currency from the West and South is large, and more than
a complex affair. Trade influences are subordinated
makes good the dram into the sub-treasuries, especially
wholly to the tax-gathering and Government aoeumulat
as a small amount of interest fell due June 1. Conse.
ing machinery ; that again is modified by the currency
quently the banks’ currency holdings increase and money
making arrangements which our laws continue in active
continues easy. So far as represented by bankers’ baloperation; while the movements of these wheels within
ances the extremes of the week have been 2 and 1 per
wheels are all (at least so far as can be) equalized and
cent, with very little placed at the higher rate, the bulk of
regulated by bond purchases and depositary bank ex
the business being done at
per cent, so that the average
pedients. A very odd condition of affairs for such a
may be called I f per cent. Banks and trust companies
practical, ingenious people, jealous of its rights and proud
are down to 2 per cent on call. For time loans there is no
of its privileges! Still, so long as such a Governnfent
great demand, neither are the offerings liberal, and quota
u combine ” exists, once a month is none too frequent to
tions remain about as last reported. Commercial paper
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
Fortunately we have very full exhibits issued by t£e
bifls receivable; 4* @ H for four months acceptances and
Treasury Department the first of each month, with the
5 @ 6^ for good single names having from four to six
help of which, one is able with great accuracy to deter
months to run.
.....
mine all needful facts. For this purpose we give first the
There has been no event in European politics affecting
currency holdings of the Treasury prepared in our usual
the money markets of the world the past week. The
form.
action of the French Chamber of Deputies in rejecting by a
June 1,
May 1,
A vril 1,
vote of 377 to 186 General Boulanger’s proposal for a D. S.Treasurer’s July 1,
Jan. 1,
1888.
1888.
1888.
1888.
1887.
net
holdings
of
revision of the Constitution, shows that his influence as a
$200,301,129
$180,875,669 $208,608,130 $218,818,254 $213,439,994
disturber of the peace has greatly lessened, and certainly
40,744,583
45,053,881
43,880,782
45,294,753
73,348,425
gives to the Government the appearance of greater sta
33,923,200
28,491,014
24,170,623
15,424,425
20,013,797
U . S. N otes.......
253,770
363,011
bility. A reduction of the Bank of England minimum rate Bank N o te s ....
253,821
164,093
197,046
of discount from 3 per cent to 2£ per cent was announced Frac’nal Silver* 27,094,192 24,383,290 25,752,«28 25,898,388 20,022,261
on Thursday. The reasons for the change were probably, In Sub-Tr’sur’s $307,529,129 $293,874,691 $312,882,308 $313,030,888 $307,249,943
00,075,601
01,921,294
first, that the need which led to the rise no longer existed; In deposl’y Bks 22,991,302 52,199,918 01,231,047
$374,958,182 $367,325,544
$374,113.955
$340,074.609
*330.520,431
when the rate was put up the bullion of the Bank was
* in c lu d in g m in o r co in .
„
down to £19,565,405, and growing less; now the bullion
N o t e .—T ra d e d o lla r bu llio n , o f w h ich th e T re a s u ry n o w h o ld s $ 6 ,5 5 5 ,is reported at £20,816,925 and increasing, while the per. 0 2 3 , w e tak e n o a cco u n t o f, as silv e r b u llio n is n o t cu rre n cy , a n d w o r k s
centage of reserve to liabilities is 41^, against 36 at n o ch a n g e in th e v o lu m e o f th e circu la tio n , w h e th e r it is m o r o u t o f
th e T rea su ry. W e in clu d e, h o w e v e r, in e a ch ca se th e sm a ll ite m o f s ilv e r
the time the minimum was raised. The other reason b u llio n in co r p o ra te d in th e T re a su ry sta te m e n t o f n e t silv e r h old in g s,
no doubt was the impossibility of keeping the open sin ce i f w e ch a n g e d th e o fficia l figu res in th a t re s p e ct i t m ig h t c o n fu s e
market rate in London anywhere near the offi. som e rea d ers.
The above is important for two reasons,
cial figure; that rate as last quoted was 1^ per cent. In
the possibility of a drain on our bank reserves, through
Paris the open market rate for money is
per cent and at
the voluntary giving up of Government deposits by the
Berlin it is 1* per cent. The Bank of England’s gaiu of
banks; money is so easy that it does not pay to hold
bullion the past week was £554,000, which we are advised
Government funds, so these deposits decreased in May
by a special cable to us was made up by imports princi
$1,845,693, getting down to $60,075,601, a lower
pally from the United States of £578,000 and by ship,
point than reported at any time since February 1, when
ments to the interior of Great Britain of £24,000. Tne
they were given at $59,372,968. This contraction in
Bank of France lost £164,000 gold and the Bank of Ger
these deposits is the natural action of the very low rate
many shows a gain since last report of about £462,000
of interest, and might, in the absence of bond purchases
gold.
be carried to such an extent as to affect the money marke
Our foreign exchange market was dull and steady until
later on. Remember that what comes out of the Govern
"Wednesday afternoon, when there was a reduction in the
ment bank deposits must go into Treasury vaults, or els
nominal rates of £ cent, to 4-87 for long and 4-89£ for short
decrease by just so much (or be set off against) the ordin
sterling. These lower figures probably foreshadowed the
ary Government disbursements; hence it is an addition t
reduction in the Bank of England minimum, but may
the drain which surplus taxation causes. In other word
have been in some degree influenced by the Reading
should surplus taxation take into the Treasury 10 million
loan announcement and success ; in the rates for
a month and Government deposits in banks decrease
actual business there was no change. On Thursday
millions a month, Mr. Fairchild would have to disbur
with the reduction in the Bank of England rate
(all other things being equal) 12 million dollars by t
there was a tendency towards slightly lower rates for
purchase of bonds during the same month, to preve
sight bills ; yesterday there was no change. So far as i8
currency accumulating in the Treasury.
known there have been as yet no drawings against the
Looking at the above table again, it will be seen th
Canadian Pacific loan; what amount may be drawn
the amount of currency held in Sub-Treasuries on the fir
against the new Reading loan placed on Wednesday it is
of June was $5,786,945 less than on the first day of Ma
impossible to say, at all events jm til the allotments are
J une
9, 1888.]
THE
C H R O N IC LE .
That is to say, 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-Js 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
plished just so much more in that direction. Thus we gain
a hint as to the amount bond purchases must aggregate
if they are to cover the probable excess of inflow.
"We cannot help asking Congress to study these figures,
and the conclusions 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 long 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 under
stand how our legislators can dally with the subject so long.
It is a little surprising, in view of the less active state
o f general trade, to find how well on the whole the aggre
gate of bank clearings for May has kept up to the total of
a year ago.
W e have this week prepared the figures
for that month and the results disclosed are decidedly
better than expected. There had been, it will be remem
bered, quite a considerable falling off in March and April
— the decrease from last year being 13 2 per cent in the
ore case and 116 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
Y ork 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 striking
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 1885 will show.
M ay.
1888.
1887.
1886.
1885.
Outside New Y o r k ...
$
4,250,829,284
1,523,275,860
$
4,800,456,377
1,509,687,990
$
3,610,281,542
1,199,953,831
$
!
3,017,456,745
1,019,619,764
Thus, as compared with three years ago, there is in the
one case an increase of over 40 per cent and in the
other an increase of nearly 50 per cent. One qualifying
remark should be made with reference to the result
however.
There was one less Sunday, and consequently
one business day more, in the month of May this year.
Except for that fact, the decrease must have been larger;
but even allowing for that circumstance, the ratio of
decline is still decidedly smaller than in either of the two
months preceding. Hence it is clear that the amount of
business in progress remains very large. W ith reference
719
to the effects of 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.
Still, 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
& Northwest should declare its usual dividends. The
company was sure 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 year’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.
Chicago & Northwest.
Tear ending May 81.
1888.
1887.
1886.
1885.
1884.
$
S
$
$
$
26,697,105 26.321,315 24,279,600 23,502,056 25,020,624
Op. expenses & ta x e s.. 16,754,486 15,070,342 13,859,226 13,793.907 15,140,957
Interest, rentáis, & c....
9,942,619 11,250,978 10,420,374
5,302,428 5,194,197 5,594,863
Am ount fo r stock ........ - 4,640,191
3,444,504
S u rp lu s .......................
1,195,687
9,708,149
5,151,101
9,879,667
6,178,939
6,056,776
3.444,504
4,826,011
8,444,504
4,557.048
3,981,349
3,700,728
2,612,272
1,381,507
575,699
761,258
W ith these figures as a basis, and figures 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
occurred in the 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 of 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
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,
T H E C H R O N IC LE .
720
likewise give a very good account of themselves. But
with Northwestern and Southwestern roads the case is
quite different. Tue Atchison has lost $547,797 in net
for the month, and $1,632,582 in net for the four months.
The Burlington & Quincy reports net of only $154,681 for
the month this year,against $ 9 10,131 in April last year,and
for the four months its net foots up but $875,154 in 1888,
against a3 much as $4,266,327 in the four months of 1887.
Of course it is not difficult to 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
shortage of last season’s corn crop must be.
W ith labor
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.
W ith reference to the returns of gross earnings 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
the results on 74 roads for the full month.
Month o f May.
1 8 3 8 .'
Gross earnings 74 ro a d s..$22,883,655
1887.
$21,746,397
Increase.
+$1,137,258
Thus there is an increase of $1,137,258 or 5-23 per cent
on the roads that have thus far reported. Last year in
May the gain on 102 roads was $3,537,801, or over 15-J
per cent, only 10 roads showing a decrease.
The stock market this week has been dull and irregular
and almost without feature, though the tone on the whole
has been rather firm. The publication of the A pril
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 Philadelphia
& Reading 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 Atchisdn and the Quincy— have been
generally very satisfactory. But the annual report of
the Rock Island has been rather disappointing, showing
as it does that without the income from land sales
($220,000) and the premium on bonds sold ($844,000)»
the results for the year would exhibit a deficiency of
nearly half a million dollars after paying charges and 7 per
cent dividends. Then again no one is inclined to Venture
very deeply so long as the Treasury surplus question re.
mains undisposed of. The Government has been able to
buy very few bonds this week.
The folio wing statement, made up from returns collected
by us, shows the week’s receipts and shipments of cur rency and gold by the New Y ork banks.
Week ending June 8,1888.
Shipped by
Received by
N . T. Banks. N . T. Banks.
N et Interior
Movement.
*2,688.000
45,000
1676,000
G o l d .....................................................
Gain. *1,680,000
Gain.
15,000
Total gold and legal tenders. . . .
*2,711,000
*676,000
Gain. *1,735,000
Thé above indicates the actual changes in the bank
holdings of currency and gold caused by this movement.
A dding on the T reasury result we get the following.
[V o l . X I N I .
Week ending June 8, 1888.
Into Banks. Out o f Banks. N et Change in
Bank Moldings.
Banks’ Interior M ovement, as above
*2.711,000
6,100,000
876,000
5,800,000
Gain. *1,735,000
Gain.
200,000
Total gold and legal tenders .. .
*8,811,000
6,876,000
Gain. *1,935,000
The following table indicates the amount of bullion in
the principal European banks this week and at the cor
responding date last year.
June 9,1887.
June 7,1888.
Banks of
England.........
'»’ranee............
Germany . . . .
Aust -H un g’y
Netherlands..
Nat .Belgium
National Italy
Bold.
Silver.
£
20,816.825
44.514.652
32,981,333
5.960.000
5.475.000
2.821.000
6.978.000
£
48.614,530
18.490.667
14.955.000
8,288.000
1.410.000
1.118.000
Total.
Bold.
Silver.
lotal.
£
£
£
£
23,741,045
20,816.925 23,741,015
93.129,182 48,052,181 47,055,202 95,107.383
49.472.000 24,403,600 16,269,210 40.673,003
20.915.000 6.753.000 14,161.000 20.914.000
13.763.000 5.018.000 8,281.000 13.329.000
4.231.000 2 567,000 1.283.000 3.850.000
8.096.000 7.001.000 1.118.000 8.119.000
Tot. this week 119,546.810 90,876,197 210.423.107 117,580.028138,167,402 205,733,428
Tot.prev.w’k 118,744511 90,613.731 209,338,272 116,877,403187,859.483 204.736,891
THE INTERPRETATION OS' THE SHORTHAUL CLAUSE.
W e are fast approaching a critical point in the history
of the Inter State Commerce L iw .
A t first all was plain
sailing. The Commission was disposed to be moderate
and cautious in its utterances. The railroads were ready
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
enforcement.
But this era of good feeling could not last forever.
Some of the railroads became restive, and introduced old
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 seems 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 Y ork merchants ordinarily opposed
to the railroads in this matter have disclaimed the intention
of going so far as Judge Cooley seems to have done.
And finally, in a Pacific Railroad case recently decided, the
Commission has ordered the enforcement of the short-haul
clause in many instances where it had been previously
disregarded under the supposed authority of the Louisville
& Nashville decision a year ago.
This increased rigidity on the part of the Commission
has at last been met by open defiance on the part of one
of the railroads. The Chicago St. Paul & Kansas City,
in the complications of the Western rate war, has hitherto
adapted its charges to the requirements of the short-haul
clause. W ith each reduction of through rates, it has
made a corresponding change in local ones.
It now
announces that it will do so no longer, but will meet the
cuts of the Burlington & Northern on competitive
business, without further reduction at intermediate points.
In exercising an independent judgment on this matter,
the Company is merely following the directions of 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
condition does not approve. It was held by the Commis
sion that the prohibition of the greater charge for the
shorter distance only applied to traffic which wa3 carried
J une 9, 1888.J
rHE CHRONICLE
721
under substantially similar circumstances and conditions little better than a blackmailing operation to obtain
and that the carrier must judge at his peril whether thé
special favors as the price for abstaining from a wanton
conditions were similar or not. It was further stated by
injury. A ll these things have happened, and do happen,
the Commissioners, as an aid to the carriers in passing
with more or less frequency. Is a road to be placed at
judgment, that the conditions would not necessarily be
the mercy of a rival who indulges in such methods, sim.
regarded as similar, if the through traffic was subject to
ply because the Commission does not think them “ unrea
competition, of controlling force, on the part of other sonable ?”
carriers not subject to the provisions of the act, i. e., water
Our sympathies in the present case are with the rail
routes or foreign railroads. On the other hand, if it is
road. A t least one of its rivals has pursued a most
merely a case of competition of domestic railroads with
unreasonably aggressive policy in the matter of competi
• one another no such exception will be allowed.
tive rates. The prohibition of pools makes the danger o f
It is easy to see the practical reasons which led the
such action greater than it ever was before. The Commis
Commission to take this position. If they did not allow sion has no means of checking this abuse. To speak of
an exception in the former case, the law would become too such competition as subject to the control of the act seems
rigid to enforce.
If they allowed the exception in the a perversion of language. An interpretation of the law,
latter, the whole section would amount to nothing. They based on any such misconception, cannot fail to do serious
adopted such an interpretation as would secure the greatest harm.
possible amount of enforcement; applying it where they
thought they could, and suspending it where they were
COST O F H A N D L IN G TH R O U G H T R A F F IC .
forced to do so by the logic of facts.
Railroad managers have learned by experience that
But in order that the courts may uphold this decision,
through traffic yields very little return. The change to
the Commission must be able to show a distinction of
this situation has all been brought about in recent years.
principle in the two cases. They may not find it easy to
It is not so long ago that there was much rivalry to secure
do this. There is an obvious distinction between compet
such traffic. Trans-continental business particularly was
itive and non-competitive traffic. But between traffic
sought for. But the multiplication of new roads and the
subject to foreign and domestic competition there is no
division of traffic and reduction of rates have so altered
such distinction. There is a fallacy in the phrase 11subject
the aspect of things, that no one would tc-day think of
to the control of the act,” as used by the Commission.
building a road to the Pacific for the sake of the through
It implies that the through rates of domestic rivals business that might be got for the line.
are thus controlled, while those of foreign roads are
And so it is in other sections, the situation in the North,
not.
But is there any such control? Apparently not.
west just now being a striking illustration in point. Ther e
The only thing which the law controls is the relation
has been much unnecessary railroad building in that part
between the through and local rates of any American
of the country, both to get local business and through,
rival with whom I am in competition. But this is a matter
but the lesson which current events are teaching is that
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 other charges. This absolute amount is subject to no
to get this kind of traffic. Between New Y ork and
direct control whatever.
Chicago, between Chicago and St. Paul, between Chicago
The Commissioners seem to have had before their minds
and the Missouri River, between the Missouri and the
the idea that if a road was not allowed to reduce its
Pacific Ocean, the story is the same— rates have got down
through rates without reducing its local rates also, reck
so low, and there are so many roads to divide the traffic
less railroad wars would be prevented. Such an idea is
among, all inducement to take the through business is gone»
not well-founded. The short-haul clause may put the
But if railroad managers understand full well the char
sounder road at a relative disadvantage. If I already
acter and desirability, or rather the lack of desirability,
have a large local business, and my opponent a compara
of the through competitive traffic, in one respect they are
tively small one, he suffers much less than I do from the
not as fully informed about it as they should be. They
enforced reductions of local rates. By a moderate sacri •
are without any definite and exact knowledge, judging
fice on his own part, he may involve me in a loss many
from their published statements, as to the cost of handling
times greater. In those railroad wars which so often form
that class of traffic. There are mauy roads which report
a part of doubtful financial operations, the road which has
the average rate received on through traffic distinct from
the least to lose is given a positive advantage. It is no
that on local traffic, and also quite a number which give
longer a ques*ion which party has the most reserve power»
the expenses per ton and per passenger per mile, but
but simf ly which is the most reckless.
where is the company which furnishes the cost per- unit
This case does not seem to have been contemplated by
of traffic on the through business aloDe ? It is kaown in a
the Commission. In the Louisville & Nashville opinion
general way that such traffic, returns little or no profit ;
(I- Inter-State Com. Rep., 81) they say : “ The competition
the course of gross and net earnings shows that the results
with each other of the railroads which are subject to the
are unsatisfactory and way below the expectations
Federal law can seldom, we think, make out a case of
entertained with regard to the same a few years back.
dissimilar circumstances and conditions within the mean
But beyond that, knowledge is very limited. Tnere is
ing of the Statute, because it must be seldom that it
apparently no means of telling the margin of profit, if
would be reasonable for their competition at points of con
any, accruing per ton of freight per mile on the through
tact to be pressed to an extent that would create the dis
business, nor can a line be drawn to indicate the limit
parity of rates on their lines which the Statute seeks to between profit and loss.
prevent.” This hardly meets the facts of the case. The
This is a defect which should be remedied, if it can be
question is not what it would be reasonable for a compelremedied. The desire for information in that particular
în&:r;°?,rï to do, but what it actually does. It sometimes
was never more imperative than it is now. There is no
“ « t e n unreasonably low through rates out of sheer stuother problem in railroad economy to-day that is in such
I*,
still oftener as a war measure, to put a rival
urgent need of pressing attention. Between Chicago and
at special disadvantage. The latter process is sometimes
S\ Paul the rate on the lo vest class of freight haï for
722
THE
[Von. XLVI.
C H R O N IC LE .
detail, afford the only correct forecast of the autumn’^
fruitage. When producers and consumers learn to hold
fast every year to these facts, and not be guided or mis
led by prophets, official and unofficial, with special in
formation from an army of accurate (?) correspondents,
whose letters are so reliable that they always have to bedoctored before being used— when they learn that, they
will have reduced to a minimum their chance of makiDg a.
mistake about the extent of the cotton production.
But, as affecting the crop just planted, no correct judg
ment with regard to the influence of such data upon the
development of the plant can be obtained, except through
a comparison with similar data for past years, and no year
is so suitable for that purpose as the one immediately pre
ceding. Hence the growth, conditions and results of
lass year’s p'anting become a necessary preliminary to the
study of the similar facts which each reader will have to
interpret for himself this season. For it must be remem
bered that what we aim at is not to force an observer to
adopt our conclusions, but simply to give in our columns &
record (annual, monthly, and weekly) which any intelligent
reader can use to enlighten himself. W e desire to help
others think, in order that they may not be blindly led
into accepting any fall estimate of the yield, through a
belief in the superior power of divination the would-bo
authority may claim to possess.
First of all, for use during the current season, it is
needful to keep in mind that last year’s yield was what
may be called a “good” crop— not by any means a “ full’1
one on the acreage planted, but a “ good ” one; just as the
two previous crops were “ fair” crops and the two pre
vious to those were “ bad” crops. The last “ full” crop we
hava bad was in 1882, when we raised 6,992,000 bales on
16,590,000 acres planted.
In 1887 the product will prove
to be about the same as that of 1882 in amount, but in
the meantime the acreage has been increased 17-34 per
cent; hence 1887 must in comparison be termed only a
“ good” crop. But looking at the yield more in detail, we
find for each of the years since 1882 great inequalities
in the productiveness of the different sections of the
South— that is to say, no one of the years reported all
sections alike good. This feature in last summer’s growth isno doubt fresh in mind, for every one must remember what
poor results comparatively were then reported in portions,
of nearly every State; and yet there was a marked d if
ference compared w iti the previous two years, in that the>
areas of small production covered in no case a large cot
ton district, whereas in 1886 and 1885 they did,— in tho
former year the Atlantic States being the poorest, the
I Gulf States better, and Arkansas and Tennessee best, while
in 1885 the situation of the sections was more nearly
alike. It will be useful to summarize these varying re
sults in a form which, presents the comparative produc
tiveness at a glance. W e take 100 as representing
a fairly “ full” yield, on the total acreage planted; on
that bisis the relative production may in a general
way be represented about as follows for the last six
C O T T O N A C R E A G E , S T A N D A N D CONDITION, summers.
* PROPORTION OP YIELD TO A PULL CROP ON ACREAGE PLANTED.
1888.
some time been down to 8 cents per 100 lbs. Toe distance
is over 4.00 miles, so that the roads get less than fourtenths of a cent per ton per mile. In the late year the
Chicago Burlington & Northern realized an average per
ton per mile of less than fifty-seven hundredths of a cent
on all classes o f freight, and this before the late war broke
out. The . question arises, is there any money in the
business at such figures? It would certainly seem as if
the roads could not carry freight at four-tenths of a cent
per ton mile except at a loss. That, however, is the
important point to determine.
It is sometimes good policy for a road to take
freight at the bare cost of moving it to its destina
tion, and this not to meet the competition of rival
lines, but to help out struggling industries in finding
a market for their products. But that is certainly the
most that can be claimed in this respect. No one would
maintain that business should be taken at an actual loss,
A railroad must depend for its support upon the commu
nities and districts which are contiguous to its lines.
If
in addition to the local traffic derived in this way, it can
make a profit on the through traffic between more distant
points, then any such profit, however small, will serve to
diminish the burden resting upon the local communities.
But with no data bearing upon that point, no one can
tell whether a given charge yields a profit or not. A t
present, the only guide one has is the expense per unit of
traffic on all classes of traffic, through and local, and some
roads do not furnish even that. But in the nature of
things the cost on the through traffic should be less than
on the local traffic, so that the average cost on the entire
business hardly answers for this purpose.
Of course there are difficulties in the way of furnishing
such information. For instance, it is not always easy to
say what proportion of track repairs and station expenses
shall be charged to a given kind of traffic. Bat are not
he difficulties much the same as those encountered in
allotting expenses between the passenger and the freight
departments? Y et the New Y ork Central, the Pennsyl
vania, the Erie, the Lake Shore— in fact, nearly all our
leading systems— give in their annual statements figures
to show separately the cost per unit of total traffic both on
freight and passengers. Doubtless arbitrary allowances
and divisions have to be made on many items, but that
is always the case, and besides it is not necessary that the
result should be exact. It is sufficient to have a close
approximation. ^Yhat is wanted is simply a statement
each year, as carefully prepared as the circumstances of
the case will permit, to furnish an idea roughly as to what
it costs to handle a unit of through traffic (as disUnguished
from the cost of handling a unit of local traffic), there
being no information on that point at present. This, in
connection with the average rate received per unit of
traffic, would show at a glance whether there had been
any profit on the through business, and thus furnish an
intelligent basis for action on the question.
The past year’s reports and discussions with regard to
the planting, growth, estimates, and actual 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 starting 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 controlled by those conditions, the summer’s weekly
and monthly weather records we give with so much
1882-3. 1883-4. 1884-5. 1885-6. 1886-7. 1887-8,
The Atlantic States.......
92
73
79
84
78
88
Alabama & M ississippi..
97
74
71
79
75
83
Texas & Louisiana........
110
82
73
83
83
80
Arkansas,Tennessee,&c.
104
85
79
88
92
863
85
84
81
100
78
75ig
T otal...............................
* To illustrate the above, take the total for 1883-4, w hich is 7 8 ; th e
increase in acreage for that year was 5 U8 per cent, and with conditionssimilar to those w hich prevailed in the previous year the crop should
have been that m uch greater, or a total o f about 7,350,000 bales. T he
yield, how ever, reached only 5,714,000 bales—1,636,000 less—a decrease
o f 22 per cent. Therefore, assuming that the crop o f 1882-83 was %
fu ll one, that o f 1883-84 was only 78 per cent as good j.
C H R O N IC LE .
the less power for harm was the additional fact that
the rainfall was not deficient in many districts. In every
case, however, where the start in the spring was excellent,
the vitality o f the plant was saved, though not always in
its full fruitage ; but where the start was poorest in the
spring, the plant, as usual, showed least power of endur
ance in bearing its trials. Hence the high temperature
during the growing months explains why the yield was
not considerably larger; and the excellent stand secured
in spring explains why so large a crop was obtained, not
withstanding the high temperature. W e have not the
space to go into further details with regard to these mat
ters, but give below our usual records of thermometer
and rainfall. Our readers will have to consult previous
B
previous year, and that the bad sections
55"( 74-5
01-t 70-7
0O-( 78-4
62-f 75-8
0O-( 76-1
65-f 77-1
92-C
88-t
89i
89-6
87-8
89-4
100-0
90-7
89-f
88-J
97-5
97-0
53-i
03-3
61-7
55-1
59-S
630
76-8 102-6 66-0 80-2
79-9 92-C 04-7 790
70-4 91-ii 64-( 79-7
72-6 93S 05-1 80-3
77-6 100-5 09-5 82-2
79-3 94-0 07-0 81-3
94-8
91-8
91-(
92(
97-(
95-5
57-?
64-(
05-7
01-Í
59‘5
59-0
77-5
77-6
78-6
77-4
77-9
84-2
93-8
87-0
85'7
88-0
93-5
92*5
43-0
01-0
58*3
56*5
52-0
57-8
71*9
75*0
73*0
74*8
72*1
73-9
99-2
922
93-S
91-6
94’7
95-2
62-0
04-1
61-9
58-9
632
59-7
78-5 101-2 08-5 80-4
70-0 9á*3 65-4 78-9
775 95-3 02t 801
74-0 940 07-6 80-4
78-8 97-6 08-s 82-5
78-0 92-5 03-8 78-7
95-3
90 1
94-0
93-8
94-1
921
60-4
04-f
64-2
04-4
04-1
00-Í
78-9
78-8
79 9
78-4
78-8
79-7
95-2
92-0
90-5
9L-6
92-4
91-2
49*1
00-4
57-3
57-8
57-3
57-7
73*5
76*3
73*5
75*7
74-7
75-5
92-3
92-7
95-8
92-7
92-9
93-2
64-8
67-3
68-9
65-1
69-1
66-5
77-1
80-4
81-3
79-6
81-5
80-5
80-0 93-9 09-6 80-0
80-2 94-5 67-0 80-7
80-5 1 93-2 70-7 80-5
82-1 93-2 70-2 80-1
84-0 95-2 71-5 82-2
81-2 94-0 09-5 81-5
92-7
91-u
91-9
93-2
90-4
930
59‘9
60-7
67-4
04-3
640
67-0
77-4
79*8
77-9
79*2
78*1
78-4
96-4
94-3
92-4
91-0
96-6
97-2
61-7
641
62-6
59-2
65-0
634
78-5 97-2 69-6
770 92-3 00-0
780 94-0 03-9
73 8 94-1 07-0
79-6 100-5 09-4
80-0 930 83-2
80-7
79-2
80-7
79-4
82-9
78-7
93-1
957
93-7
94-4
98-7
91-9
62-4
08-9
05-4
02-2
07-0
09-1
78-8
80-5
78-9
77 4
80-8
78-3
90-0
90-6
89-4
«4 0
95-2
90-1
51-0
55-5
58-4
58-4
58-0
58-3
75-2
78*2
75-0
77*4
76-8
74-1
96-1
93-6
931
95-4
95-0
96-4
66-9
70-0
70-3
65-7
00-0
631
80-2
80-4
82-9
79-9
80-9
80-7
97-0
94-2
95-0
98-8
98-0
960
70-0
09-0
71-7
70-2
72-7
60-9
82-5
82-4
83-9
85-7
83-7
80-1
95-3
90-1
96-1
«7-8
97-2
94-0
70-0
08-0
08-3
65-5
08-9
68-7
83-2
83-2
81-9
81-5
82-4
79-7
94-3
918
90 8
94-2
90-5
91-2
59-6
59-3
622
65-0
63-0
56-5
75*7
78*7
76*1
80*8
79-4
75-0
95-8
92"5
95-0
93-3
96-1
960
57-8
63-0
62-7
61-8
61-5
55-8
77-41 96-3
75-3| 93-7
80-71 95*7
75-8| 97-9
78-31 100-5Í
78-4 93-7
66-2
03-4
03-5
08-0
05-8
02-0
80-0
81-0
80-0
82-2
81-3
77-3
96-2
97-1
96-0
96-0
99-7
91-2
00-7
02-0
01 -0
00 4
05-0
05-0
78-3
79-3
782
79-7
82-1
76-4
94-9 48-5 71-2
92-5 c i - i 74*4
894 53-0 73*4
03*9 80*8
98'7
76*7
89-3 53-3 72-5
95-6
94-7
92-2
951
95-5
94-5
58-0
59-8
60-5
54-4
56-5
47-5
76-91 100-3|
75-21 95-71
76-5 96"4|
74-11 9 9 j]
77-01 96-5
76-5 930
65-1
02-8
63*4
67-5
60"5r
50-0
81-2
79-5
80-4
81-1
80-2
70-0
98-9
99-5
97-1
93-9
92-0
90-5
59-4
00-3
590
58" I
55-5
50-5
79-0
79'5!
779
77-4
75-7
74-1
97-0
94-8
89-8
95 0
935
88-5
48-7
-50'5
48-7
60-0
41-0
47-0
74*5
73*9
72*7
77-1
73*5
69-5
97-3
91-3
93-7
937
934
96-1
55"4
59-3
613
59-0
570
57-0
75-»l
73-9
77-4
74-3
75-9
78-7
98-9 694
96 01 00-0
96-01 57-5
94-81 05-2
94-41 01-8
91-3 57-2
81-4
80-51
80-1
79-3
78-3
70-4
99-4
97-4
97-0
90-1
93-0
89-2
58-91
01-3
59"5
57-0
59-3
00-7
79-5,
77-7
78-9
70-8 l
75-81
77-31
98-5
89'8
89-0
92-3
91-0
88-9
45-0
48-4
47-5
546
50-4
47-1
73-9
71-9
71*0
74*5
69'9
71-1
1887 (good) 94-5
1886 (ftiir). f 95-9
1885 (fa ir). I 939
1884 (bad)..| 930
1883 (bad).. | 94-9
1882 (lull) .1 94-1
03-3
02-3
04-7
01-0
00-1
63-7
78-3
78-7
79-7
77-3
81-3
80-9
98-0
98-2
95-7
97-9
97-0
95-3
79-4
82-6
82-7
85-0
82-5
81-9
97-6
98-5
95-9
97-6
97-8
94-5
64-1
00-5
07-1
00-2
090
67-8
80-0
82-81
85-91
82-71
83-2
79-41 ]
92-3
92-8
92-1
93-H
92-8
90-2
49-7
58-4
01-3
67-6
55-9
58*0
74-3
77-6
77*8
81*3
77-2
76-6
txSO R G IA .
1887 (good)
1886 (fair).
1885 (fair).
1884 (bad)..
1883 (bad)..
1882 (full)..
’
r>
F l o r id a .
1887 (good)
1886 (fa ir ).
1885 (fa ir ).
1884 (bad)..
1883 (bad)..
1882 (full)..
;
A
labam a
.
1887 (good)
1886 (fa ir ).
1885 (fa ir ).
1884 (bad)..
1883 (bad)..
1882 (full)..
L o in s iA N A .
I 1886 (fa ir ).
1885 (fa ir ).
1884 (bad)..
1883 (bad)..
1882 (full) .
M is s is s ip p i
while a considerable portion of the crop, until about that
date, did not promise as well as a little later.
Next observe the summer conditions in 1887. Here we
find that the records disclose just what one might expect
— a common unfavorable feature all through the cotton
"belt; we refer to the unusual extremes of temperature.
The average was not high, but during June, July, August
&nd September the variations were unusual. Take Arkan
sas for illustration— the averages of the highest points in
those four months in that State were, in the same order of
months named above, 95-6,100 3, 98-9, 97-0; of the lowest
they were 58-0, 65-1, 59-4, 48-7; which would make the total
average in the State for the four months of 1887__highest,
i)7’9; lowest, 57 8. If one will note how this compares
with other years in the table we give below, he will find that
such high and low extremes, particularly the former, have
never accompanied good years. What gave the heat'
Low.
92-1
92-4
95-E
90-S
93?
90-2
r ’l in a
1886 (fair'.
1885 (fa in .
1884 'bad)..
1883 (bad)..
1882 (lull)..
1887 (good)
1886 (fa ir ).
1885 (fair).
1884 (bad)..
1883 (bad)..
1882 (full) .
A
&
75-3 100-1 07-' 81-0
73-9 93-5 65-f 78-7
75-8 96-( 0O-- 81-4
71-5 93-4 03-Si 77-5
70-0 96-C 05*f 78-0
75-9 94-0 03-< 77-3
:
higher than in any year since then. So, also, the ave
for Alabama and Mississippi is above all of the p ro
four years. As to the other States, the results are nor
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 find the final results are about in accord
with the differences in the condition of the plant in its first
stages— (1) for the Atlantic States the reports were nearly
all of them excellent— better than for years; (2) Alabama
and Mississippi were also gocd but a shade less favorable
in some sections, due to dry weather in May; (3) of
f;he other States Arkansas was the least favorable, a good
many reporting the plant the first of June badly in grass
¡S e p te m b e r .
é
3
ttf
52-S
57-Í
b8'4
51-8
60-Í
58-0
8
rare combination of favorable circumstances.
So much for the total yield in 1887. A s t
August.
i
tq
96-<
91-fc
93v
91-0
90-S
95-0
N .C a
1887 (good
1883 (fair).
1885 (fair).
1
1884 (bad)..
1
1888 (bad)..
1883 (full)..
> S. C a r ’ l i n a
,
July.
O»
S>
"' ”
41-JÍ 68*2
58-6 73*4
49-6 71*6
54'r 73*8
55"1 69*1
55-C 72-5
c*
7
té.
§
ft
Avge.
Ihermometer
Averages.
Low.
June.
a
^
Avge.
e
Low.
These 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 noted above, a fairly “ full ” crop on the acreage
planted), each State is allotted for each succeeding year its
proportion of the total yield according to our figures of
State production, modified by the changes made from year
to year in acreage. Thus, for instance, by this method the
average condition or product per acre in Texas for 1887
was 80 (or 20 per cent below a fairly « full ” crop), which
is lower than any year’s average in that State except 1884,
although the aggregate yield of Texas in 1887 was proba
bly fully up to 1886. Taken as a whole, the conclusions
which the table authorizes are (1) that last summer’s result,
723
1High}
THE
1Low.
J une 9, 1888. J
rkan sas.
1887 (good)
1886 (fa ir ).
1885 (fair).
1884 (bad)..
1883 (bad)..
1882 (full) .
T ennessee.
J§§7 (good)
1886 ( fa ir ).
1885 (fair).
1884 (bad)..
1883 (bad)..
1882 (full) .
Te
xas
.
90-4
«1-9
92-7
94-9
95-2
93-2
69-4
70-2
7T4
70-2
09-4
71-5
j
-
j
j
66-7
07-0
09-4
73-9
70-2
69-8
W e here see how usual it is to have extreme heat
accompany a bad crop. The rainfall table shows the
further fact referred to, that this year a good rainfall
added to the advantages in almost all sections, helping to
confine within narrower limits the harm done; for it
hardly needs to be said that had it not been for the free
and quite general rains the average temperature would
have been higher and much more destructive. It is
only under a comparatively moderate temperature that
cotton can endure dry weather without harm. It is a dry
weather plant, but several late seasons have illustrated how
quickly a burning sun can destroy it. Below we give the
State averages of rainfall during June, July, August
and September for five years. It should be said in ex
planation that one ought to consult the local table, which
we publish every month, for these State averagos are
often misleading, as summer rains are usually local showers»
and when the stations are grouped by States they can
7 24
THE
CH R O N ICLE,
[Voi. XLVI.
asily conceal a severe drought. By referring to the dle of April and being completed by the first week in May.
detail figures at each station the variations in that par Seed came up well this year. Since growth began the weather
has been rather too cool, with an excess of rain, injuring the
'ticular will be detected.
plant in some sections and making replanting necessary to a
small extent. Stands as a general thing are good. Fields
September.
July.
August.
June.
are in good condition. Acreage has apparently undergone
Rainfall Averages.
R ain Days R ain Days R ain Days R ain Days no change. Fertilizers—A slight decrease in the takings o f
fall. rain.
fall. rain.
fall. rain.
fall. rain.
commercial sorts is to be noted, but there has been more than,
N orth Ca r o l in a .
6
2-15
15
6-63
13
8-75
4-48 9 2-3
a corresponding increase in the use of home-made manures.
263
14)6
13
6-77
14)4
9-18
0)6
8-75
s 1886 (fair)................
3-59 „ 4)6
10
N o r t h C a r o l i n a . —Preparations for the new crop of cotton
9
3-35
4-06
4-37
9H
3-21 3 1-3
9
14
5-05
6-31
934
13
12
9-46
were delayed by unseasonable weather. Planting wa3 not
11
10
4-87
12
453
It 83 (baa)................
8 ia
S outh Ca r o l in a .
begun until about April 15, and finished generally the middle
5
1-26
5-54
15
11)6
6-36
.188? (g o o d ).............
3’82
8)6
7
2-04
4-50
J2
1886 (t»ir)................
8-06
14
5-90
11)6
of May. As a rule the early-planted seed did not germinate
10
14
3-24
10
819
10
4’80
1885 (fa ‘r ) ...........
4-29
5
10 ]
6-23
11
8-67
1884(bad)................
15
3-73
7-87
well at first, owing to low temperature and lack of moisture.
i
i
8
8-81
4-71
12
540
10
1883 (bad)................
3-30
These conditions continued to exert an unfavorable influence
G eo rg ia .
9
2-60
14
4-26
11-39
1867 (g o o d ).............
5-58
8)6
M
in some sections until about the end of the first week of May,
4
10
0-77
11
4-34
5-00
1886 (fair)................
9-88
16)6
9
7-80
11)6
10
6-55
9
4-25
1885 (fair)................
4-77
when the drought was succeeded by rain, which in parts of the
8
1-52
3)6
3-37
12
3-89
16
1884(bad)................
7-51
5
9
1-47
8
502
11
2-36
1883 (bad)................
4-52
State was rather excessive. The main result of alt this is that
F lo r id a .
ii
5-16
4-72
the crop is backward and in a considerable section grassy. A
9-66
13)ó
10)6
13
7-17
1887 (g o o d ).............
12
12>$
3-59
23
6-15
13-74
16
8-80
16
10-58
6*86
8-90
14)6 small amount of replanting has been necessary. Towards the
16)6
18
9-32
11
3-77
7-*4
15
6-48
8-70
18)6
1884(bad)................
17)6
13
12
5-02
16
6-54
6-17
7)6 close of May a favorable change in the weather is to be noted.
5-69
1883 (bad)................
A labam a.
Stands, although late, range from fair to good, and while
4
4-79
17)6
3-11
91-3
9-70
7)6
1887 (g o o d ).............
5-44
12
13
0-99
8)6 at many points the rains had given the grass a chance
4-69
17
4-75
8-jO
1886 (fa r)................
13
13
14
5-35
8-42
10
6-17
3-37
1885 (fair)................
6
0-76
12
1-92
2)6 to grow, the fields are now being rapidly put into a satis
15
6 38
1884 (baa)...........
8-88
9
0-46
3)s
4-47
12
10)6
5-79
2-18
1883 (bad)................
factory condition again. Acr/eage.—From some districts an
L ou isian a .
8
4*36
14
2-97
5)6
7-37
In1887 (g o o d ).............
6-59
10)6
addition to the amount of land under cotton is reported,
10
6
5-10
2-98
12
15
4-90
7-76
13
9-62
12
3-88
9
5-16
9)6
1885 (fair)........... .
5‘ 11
6
1-54
4-25
7
7)6 and in others a decrease; but the general tendency is rather to
2-31
1884(bad)................
5-10
13,
3
7
0-84
8
1-75
14
184
r 1883 (bad)................
7-70
make no change. Our returns would seem to indicate that in
M is s is s ip p i .
4
3-41
the State, as a whole, there has been no material alteration.
3-11
6)6
5-69
1887 (g o o d ).............
3-06
7)6
11)6
6
2-49
8-52
6)6
2-67
8)6
17>é
1886 (fair)................
763
6-38 9 1-3 Fertilizers continue to receive more attention, the use of both
6
10
2-21
4-84
1885 (fair)................
7«
312
6
5
243
5-36
6
12
1884 (bad)................
5-09
commercial and home-made sorts showing an important in
3'33
2
6
0-98
10
2-66
11
5-09
1883 (bad)................
A r k a n sa s .
crease this season.
6
2-17
2-50
3-14
10
11
8)6
1887 (g o o d ).............
1*93
S o u t h C a r o l i n a . —In some parts of South Carolina plant
657
10
3*14
8
16
2-96
%)6
1886 (fair)................
792
7
2-31
2-36
3-41
8)6
1885 (fair)................
4-68
6)6
12)6
ers began seeding as early as the 20th of March, but the
9
3'56
2-50
6
5-04
8
7
237
1884 (bad)................
4
2-63
3-93
7
8
7
3-88
1883(bad)................
2-15
putting in of cotton did not become general until the middle
T ennessee .
7
3-55
6
2-11
8-19
13
1-48
9
1887 (g o o d ).............
of April. From that time on work was actively prosecuted
4-18
1
5-26
7
7)6
16
3-28
7-08
1886 (fair)................
13)6
11
4*52
5
1-82
12
4*54
1885 (fair)................
3-08
8
and
finally completed about the close of the first week in
8
2-19
202
7
13
16
413
546
1884 (bad)................
5
1-71
8
May. The season is claimed fb be from a week to ten days
13
877
13
4*32
5‘01
1883 (bad)................
T exas.
2-66
1-74
9)6
7)6 behind last year. The early-planted seed came up well, but
3-42
83*
1887 (good) .............
6)6 1 6-61
11
7-51
2-00
V |
1886 (fair)........... .
301
7)6
that planted the latter part of April was slow in germinating,
9
7 1 8"55
2-14
364
1-82
1885 (fair)................
7)6
7)6
7
! 2-01
0-53
6 05 81-3
7)6 I 2 92
1884 (bad)................
owing to the dry weather which prevailed generally until
9
8 1 5"ui
10
1-54
269
1883 (bad)..............
8)6 ! 2-05
near the 10th of May. After the rain came, however, prog
The w ords ‘ bad,” “ g o o d ’ and “ la ir” follow in g the years given
ress was more rapid. As a result of the April drought a lim
above mean sim ply that the aggregate crop fo r the year named was bad,
ited amount of replanting had to be done, but compared to
g o o d or fair.
____________
the total area in cotton it was inconsiderable. After growth
Cotton Acreage and Stand In 1888.
began, continued dry, cool weather acted as a hindrance, and
The foregoing figures and suggestions show where and
this was followed by rain, which at some points was rather
why the last crop failed, and where and why it succeeded. excessive. Altogether the season up to the latter part of May
W e thus gain a new experience 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 conditions, and we need scarcely add what we have devoted to cotton. In the State, as a whole, we should say
so often said, that the more we familiarize ourselves with that there has been an average increase of 1 per cent. Fertil
the surroundings which oest suit its development, the less izers have received more attention.
G e o r g i a . —In consequence of the cold weather, farmers
likely we shall be to meet with disappointment in our were unable to begin preparations for planting until a some
forecasts as to results.
what later date than in former years; rains during March
W e regret to have to state that this year the first of and the early part of April were also excessive, and delayed
June investigations as to condition are much less satis plowing to a considerable extent, while the dry weather which
factory than usual. That is not due to any lack in our continued throughout the remaining portion of the month of
April rendered the ground quite hard and difficult to prepare
returns, but wholly to the late start and backwardness of properly ; where planting had been practicable, this absence
the plant, making a recital of the customary information of moisture prevented the germination of the seed. The above
as to planting, germination, growth and stand much less remarks apply to the State in general, although the northern
positive, or pernaps 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 States, 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. Bat 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. W ith ents report not good; all say the plant is backward. The
fields are generally free of grass, though in sorne district»
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 not tendency to add to the area of land un
South will be found significant and helpful.^
der cotton, except in East Georgia, but the gain there is
V i r g i n i a .— There was no particular difference between the enough to offset the decrease elsewhere, so we estimate that
'¿ate of planting this year and last, beginning about the mid there has been no change in the State. Fertilizers of all sorts
J unk
9, 1888,]
T H E C H R O N IC L E .
725
have received more attention, the commercial varieties espe localities, and on the first of June the conditions everywhere
©ially having been taken to a larger extent than formerly.
appear to be satisfactory. Stands—All of our correspondents
F l o r i d a .— Planting began and was completed in this State
agree that a good stand has been secured, and state further
at about the same time as in 1887. Under the influence of that the fields are clear of weeds and grass. Acreage—In
generally favorable weather conditions, the seed came up
various sections of the State much new land has been brought
well, and practically no replanting was found to be necessary.
under cultivation this year, but a large share of it has been
The spring, on the whole, seems to have been quite satisfac
devoted to corn and rice. Still the area devoted to cotton has
tory, and the plant has made good progress, the only hindrance
been added to to a small extent—say- about 2 per cent.
being a lack of moisture in a few sections. Beneficial show
Fertilizers A moderate increase in the use of commercial fer“
ers during the latter portion of May removed this drawback, tilizers is to be noted; the total quantity used is small.
so that as the month closes the situation is pretty favorable
A r k a n s a s . On the whole the planting season in Arkansas
everywhere. Stands are reported good by all our correspond was a little later than in 1887—say about one week—starting
ents, and fields are in fine condition. Acreage—The change
in the earlier sections about the 10th of April and finishing
in acreage has been small, being confined chiefly to the north generally the middle of May. Owing to too dry and cool
ern portion of Florida, and averaging on the whole area an
weather in the early spring, the seed germinated somewhat
increase of not more than onp per cent, fertilizers.—There
slowly, but as a rule well. In fact, one correspondent states
has been a small addition to the amount of fertilizers taken
that the seed came up better than for many seasons. Tho
this year, but the whole amount used is unimportant.
same complaint comes from this State as from other sections
A l a b a m a .— The planting in this State did not become at all
of the South, and that is, that when growth first began the
active until about the middle of April (although in some in
weather was too cool and that there was a lack of moisture.
stances it was begun as early as the 20th of March) and was
In consequence of this the plant is somewhat smaller than
finished by the middle of May. The season a v e r a g e d fully
usual. An improvement in the conditions is to be noted since
two weeks later than in 1887. For the most part the seed
the middle of May. Our reports indicate that a little more
came up well, but a few of our returns say that the start was
than an average amount of replanting has been required, for
rather poor in consequence of dry weather. The conditions
which dry and cool weather and cut-worms are responsible.
since growth began have in the main been favorable. At
Stands range from fair to better than in many years—one cor
first, cool nights in some localities acted as a hindrance, but
respondent says perfect. The fields are almost everywhere
of late warm rains have developed the cotton plant finely,
dean, and their condition is very satisfactory. Acreage—
and now it looks strong and healthy generally, but is more
There is a natural tendency in Arkansas to add to cotton acre
backward than at this time last year by about a week. A
age, but this year the increase has been less pronounced than
careful review of all our reports would seem to indicate that,
of late, and reaches about 3 per cent. Fertilizers—In some
with the exception of the backward start, the average weather
sections a material increase in the takings of fertilizers is re
thus far has been quite satisfactory. Only in rare instances
ported, but only a small aggregate amount is used in the State.
was any replanting found to be necessary. The Stand se
T e n n e s s e e — The same causes which served to delay plant
cured ranged from good to excellent, and, barring a small
ing in other States operated in about the same degree in Ten
amount of grass at a few points, due to the rains the latter
nessee. Seeding was begun in some parts of the State about
part of May, the fields were well cultivated. Acreage—A con
the 10th of April and was not finished altogether until the
servative course seems to have been pursued by farmers in
last week in May—or fully two weeks later than a year ago
the matter of acreage; there are some slight changes made,
on the average. Low temperature and dry weather delayed
" but taking the whole State together there appears to have
germination, and in a number of instances the seed came up
been no material increase or decrease from last year. Fertil
poorly as well as slowly. Since the 15th of May needed rains
izers of the commercial sorts have been taken to a much
have fallen, but the nights continued rather cool until near the
larger extent than ever before, and an increase in the amount
close of the month. Subsequent to that time the conditions
o f home-made manures used is also reported.
have proved favorable. A little more replanting than last
M i s s i s s i p p i . Cotton-planting begins usually in the earlier
year has been required. Stands—One correspondent states
sections of Mississippi about the first of March, but this year,
that a good stand has not yet been secured, but all others say
according to our returns, there does not seem to have been
good. The fields are well cultivated. Acreage appears to
anything done until after the middle of the month. From
have undergone only a slight increase, if any, and we leave
that time on, however, good progress was made, and seeding
our figures as last year. Fertilizers are not largely used, but
was finished from the first to the middle of May, or on the each year receive a little more attention.
average nearly two weeks later than in 1887. The early con.
T e x a s .— There was no material difference in the date o f
ditions were not very favorable to germination, dry weather
earliest plantings this year and last, but the cold rains since
and cool nights acting as a hindrance to rapid development then have delayed work, so that the finish was probably ten
In a majority of cases, however, the seed came up well’
days later. In general the seed has come up well, but consid
although slowly. From a variety of causes (drought at some
erable sections in creek bottoms, o n account o f floods, have
places, cool nights at others, and in a few localities cut worms), had to be replanted. Otherwise the conditions since growth
a moderate amount of replanting was required. Latterly the
began were fairly favorable until near the close of May,
conditions have been more favorable, both as regards tempera
when the rains became so excessive as to prevent needful
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
the above the plant is not as far advanced as at this time a
troublesome. With a short term of dry weather, however,
year ago. Still the fields are well cultivated, and with satis
the surroundings would be favorable. Acreage—Our reports
factory seasons from now on an excellent crop should be
on this point evidence the usual disposition to add to the area
obtained. Acreage—In the Yazoo Delta—the richest cotton
under cotton. % In some sections the increase has been slight,
growing region in the State—there has been a large amount
and in others very large. In the whole State we estimate the
o f new land opened and planted in cotton. In fact our corre
gain at 5 per cent. Fertilizers are little used.
spondents place the addition in that section at fully from 10 to
The foregoing details convey a pretty clear idea of the
«0 per cent. Elsewhere the acreage has also been increased,
situation
about June 1st in each of the cotton State3. "We
but only to a moderate extent. For the State a fair average
gain would be about 3 per cent. Fertilizers are not much have, however, prepared our usual statement of rainfall
used, but a small increase is to be noted in both varieties.
and thermometer as a confirmation of these results, and they
L o u i s i a n a .— Planting this year was from one to two weeks will be found in our Cotton Report on a subequent page.
behind 1887, owing to the low temperature in February and
The facts given furnish sufficient data from which
the first part of March. After that time the weather was
to draw intelligent conclusions upon the points covered b y
quite favorable, with light rains, and generally all the seed
bad been put into the ground by the close of April. The seed this report.
CONCLUSIONS.
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«?
o f the Red Rive^ rendered a small amount of replanting
necessary. Since growth began, the weather has been favor eral disposition to bring naw land under cultivation,
able (some say eminently so), although a little cool at night in and to give a portion of it to cotton.
A s a rule this
TH E
726
[V ol. XLVI.
C H R O N IC LE .
Secon i— W:th regard to the maturity, cultivation and
tendency to expansion is very moderately indulged, and
nowhere aggregates a large increase. It is less apparent condition of the plant, the conclusions are as follows:
(1) A s to Maturity, the crop as a whole mu3r. be called
in the Atlantic States ; and probably in the most of that
section the backwardness of the season and the delays a late one. In this p articular it is in strong contrast with
experienced in preparing the ground have discouraged the situation of the plant tie first of last June, the ground
attempts to increase cultivation. W e make no change in having then been prepared early, and the start and subse
our figures for any o f those S'.ates, except in South Caro quent d-velopment having also been rapid. The comparison
lina, where there has probably been a very «mall addidon. is, however, most unfavorable as regards the Atlantic States,
Coming to the Gulf States, the planting is earlier, and where a late season is always more distingu shable at this
the conditions which have ruled during the season change period of the year, sitce the planting in any eveot is later
to somewhat more favorable ; in all of them (except A la there than in the Gulf States, so that the delay, oeyond
bama), and also in Arkansas, there is a growth in the the usual time, of one or more weeks in the early
area under cotton. It is small, but shows a conservative spring becomes a more serious question. Hence, in our
expansion. W b cannot conclude from this that produc- summary, as we get down into Florida and Alabama, and
tion at present prices is profitable. Upon the richest land1 more decidedly when we reach Mississippi and Louisiana,
where the crop is a good one, the cost per bale is small ; we meet a maturity nearer in accord with last year, if in
and it seems to be in the richest sections, where the ex fact it be not in some portions earlier.
(2) Cultivation in North Carolina has not been carried
pense connected with cultivation is least, that the expan
sion has mainly taken place. In Texas and Arkansas the forward as rapidly as needful, on account of the late
greater production is due to new settlements during re rains, and as a consequence the fields over a considerable
cent years. But in all the States, so far as the planter section are grassy. This is true also, but to a little less
raises his own fo o l and keeps c oft on as a surplus crop, extent, of South Carolina, and likewise, but to a still less
whatever he gets for it above labor provides the clothing extent, of Georgia. A very considerable portion of Texas
etc. for himself and family, and when there is no surplus, on June 1 was in like manner situated. W ith 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. Y et the fact complaints, the two former being the best.
(3) Condition of the plant, as may be gathered from
remains that with the best land in the world for raising
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 years 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
part of Alabama it is still in uncertain condition, needing
have been as follows.
later information to determine the exact situation of the
Estimated fo r 1888.
stand. Elsewhere, though late in many districts, the
Acreage,
St a t e s .
Acres,
1887.
stand is generally reported excellent; of course the growth
Decrease,
Increase.
1888.
of grass in Texas, and to a small extent in some other
1,027,900
1,027,900
N orth C arolina.........
States, endangers the plant, but that will be remedied if
1,652,960
1
per
cent.
1,636,600
South Carolina..........
3,066,120 dry weather is not delayed too long.
3,066,120
Altogether, with the
G eorgia— ................
272,500
269,800 1 per cent.
F lorid a........... exception
of
being
late,
we
should
say
that the growth out
2,953,240
2,953,240
A la b a m a ......... .— .
2,774,250 side of the Atlantic States and Texas was fully as favor
2.693.450 3 p e rce n t.
M ississippi.................
1,066,380
1.045.450 2 p e rce n t.
Louisiana...................
4,506,360 able as at this date last year; and in Mississippi, Louisiana
4,291,770 5 p ercen t.
T e x a s ............. J......... 3 per cent.
1,453,540 and Arkansas more favorable.
Arkansas......................... 1,411,200
T en n essee............ . . . . . .
Other States & T e r s .* ...
968,200
968,200
103,000 1 per cent.
101,000
19,468,730 1-95 percent.^ ............ 119,845,430
T otal.
* The area under cotton in the Indian Territory is increasing, but
in the “ Other States,” which produce little cotton, the tendency is
to plant less; altogether we ju d g e there has been an addition o f abou
1 per cent.
This shows a net increase over 1887 of 1-95 per cent,
bringing up the total to 19,845,430 acre?. W e add the
acreage for previous ye trs for comparison
CO TTO N A C R E A G E F O R T H E Y E A R S N A M ED —
States.
N orth Carolina.........
South Carolina.........
G e o r g ia .....................
F lo r id a .......................
Alabam a....................
M ississippi.................
Louisiana...................
T e x a s ......... - ..............
A rkan sas..................
T en n essee..................
A ll others...................
Total acreage—
O m it t e d ) .
1887-88 1886-87 1885-86 1884-85 1883-84 1882-83
1,028
1,637
3,066
270
2,953
2,693i
1,045
4,292
1,411
968
103
1,032
1,670
3,006
284
2,924
2 ,6 )5
1,015
4,011
1,344
940
103
1.093
1,704
3,067
234
2,984
2,564
995
3,680
1,305
931
103
1,072
1,687
3,007
278
2,897
2,489
921
3,257
1,231
895
100
1,072
1,654
2,§77
270
2,813
2,440
940
3,102
1,184
886
111
1;041
1,606
2,835
265
2,679
2,346
904
2,820
1,117
869
108
19,466
18,994
18,710
17,834
17,449
16,590
6,514
6,950
Total p rod u ction —
Increase in acreage.. 2-49 p .c 1-52 p.c
In cr’se in production 6-69 p.c *0-55 pc
157
162
P roduct per acre,lbs.
* Decrease.
(OOOs
6,992
5,714
5,669
6,55t‘
4-91 p.c 2‘ 21p.c. 5-18 p .c * l'5 5 p .c
15'51pc * 0 7 9 pc *18'3 pc ¡28-6 p .c
194
149
144
160
T H E D E B T S T A T E M E N T F O R M A Y , 1888.
The following is the official statement of the public debt as
it appears from the books and Treasurer’s returns at the close
of business May 31, 1888.
IN TER E ST-B E AR IN G DEBT.
Character of
Issue.
Amount Outstanding.
Inter't
P ’y ’ble Registered.
Total.
Coupon.
4Ks......... 1891.
4s............ 1907.
4s refdg.certfs
3s, pension ..
Pacific R R s...
Q .-M .
Q - -J .
Q .-J.
J.&J.
J.&J.
A gg rega te.
$
$
187.159,400 35,867,750
610,820,050 108,451,350
*64,623,512
Int. Due Accrued
<fcUnpaid. Interest.
$
$
199.946 2,509,055
223,037,150
719,271,400 1,196,102 4,793,142'
925
49,968
138,8 W
175,000
14,000,000
14,519 1,615,587
»64,623,512
862,602,982 144,319,100 1,021,080,862 1,460.537 9.093,711
* $2,362,000 matures Jan. 16, 1895; $640,000 N ot. 1, 1895; average date o S
maturity, March 19, 1895; $3,680,000 Jan. 1, 1896, $4,320,000 Feb. 1,1896
average date o f maturity, Jan. 18,1896 ; $9,712,000 Jan. 1,1897; $29,904,952 J an .
1,1898; $14,004.560 Jan. 1.1899.
DEBT ON W H ICH INTEREST H A S CEASED SINCE M A T U R IT Y .
Aggregate o f debt on which interest has ceased since maturity is $2,655,645 r
interest due and unpaid thereon, $169,162. This debt consists o f a number o f
items o f which the principal amounts are called bonds, the principal item
being $758,500 called 3 per cents o f the loan o f July. 1882.
Am ount.
a_A_
$56,93T
346,681,016
12,700,000
470,000—
143,155,840
12,230,000
THE
Juxfr: 9, 1888.]
Am ount.
Less amount held in Treasurer’s cash.................
Less amount held in Treasurer’s cash ................
727
CH R O N IC LE.
$33,574,110— $109,581,730
217,103,828
20,458,423— 196,645,405
15,299,340
8,375,9346,923,408
PC#VLZtmcy$©ummsrcial % n^lisU ¡Ipttrs
[From our ow n correspondent.]
L ondon,
May 26,.1888.
The money market has become much easier during the past
$672,118,495 week, partly owing to the smaller demand for money and
Aggregate o f debt bearing no interest........... .
partly to the expectations o f considerable additions shortly
R EC APITU LATION .
to be made to the stock of bullion in the Bank of England^
Interest.
Total.
gold being expected both from New York and Australia. W hile
Principal.
on the one hand there has been no special demand for money,
$
$
$
10,556,248
1,031,617,110 the number of new securities offered to the public having
1,021,060,862
Interest-bearing d e b t ................
169,162
2,724,807
2,555,645
D ebt on which int. has ceased...
672,118,495
672,118,495 been limited in consequence of the Whitsuntide holidays r
D ebt bearing no in te re s t.............
there has also been less opportunity for using the market bal
10.725.411
1,695,735,002
1,706,460,413
T otal d ebt.................................
ances in the purchase of bills. Bankers’ balances are but
Less cash items available fo r reduction o f the debt.. .$331,739,637
431,739,637 little larger than they were a week ago, while the reserve in
Less reserve held for redemption o f U . S. n otes........ 100,000,000
1,274,720,776 the Bank o f England is less than half a million larger^
T otal debt, less available cash items.
94,706,617 Owing, however, to the circumstances referred to, both short,
Net cash in the Treasury.........................
Debt, less cash in the Treasury, June 1,1888................................... 1,180,014,159 loans and discounts have become much cheaper.
Debt, less cash in the Treasury, May 1,1888........................ ............ 1,181,632,855
On Wednesday the brokers reduced their rates of deposit
1,618,695
Decrease o f debt during the month.
to
1)4 per cent for money at call and 1% per cent for money
99,414,577
Decrease o f debt since June 30.1887,
at notice. The reduction, which was )4 per cent, simply
brings the rates to the normal level usual with a 3 per cent:
Bank rate. When the directors o f the Bank of England
UNITED STATES TREASURY STATEMENT.
advanced their rate to 3 per cent, the bill-brokers advanced
The following statement for May, from the office of their rates for money to )4 per cent above the usual figures,
t he Treasurer, was issued this week. It is based upon the actual much against the better judgment of a considerable portion
returns from Assistant Treasurers, depositaries and superin of the market. Brokers have now retraced their step, which
tendents of mints and assay offices, and shows the condition of it is seen was a mistake, and the market value of money
the United States Treasury May 31; we give the figures throughout the week has ranged from 1 to v)4 per cent, with
balances most of the time hard to put out at 1 per cent. Thefor April 80 for comparison :
discount rate for three months’ bankers’ acceptances, which
when we last wrote was in the neighborhood o f '¿)4 per cent,
A p r i l 30,1888.
MAT 31,1888.
has gradually fallen during the week, and is now quoted at
Assets and
Assets and
1 % to 1% per cent, while Indian banks have been able toBalances.
Balances.
Liabilities.
Liabilities.
place their bills to arrive from the East at 1% per cent fo r
$
$
$
$
the three and four months’ maturities and 1% for the six
190,668,288
195,832,419
122,132,999
114,050,440
months’ bills. Next week a nineteen-day Stock Exchange ac
312,801,287
Total gold ........... (Asset) 309,882,859
count will have to be settled, and short money may be rather
120,414,793
Certificates issued........ 143.155,840
20,853,500
dearer. Dealers iu money are also looking forward to the
Certificates on hand.. .. 33,574,110
floating of a large number of new securities. The main
99,561,293
Certiflc’s, net.(Liabiltty) 109,581,730
200,301,129
218,239,994
Net gold in treasury.
factor, however, leading to the fall in discount rates this week,
236,156,394
Si l v e r —Dollars.stand’rd 240,587,970
8,324,419
2,bU2,018
has been the telegraphic advices o f shipments of gold from
239,480,813
Total silver......... (Asset) 243,389,988
New York for Europe, the aggregate having already been
212,743,041
Certificates issued........ 217,103,828
18,316,109
Certificates on h a n d .... 20,458,423
reported at close to a million sterling. Less than half of this194,426,932
Certiflc’s, net .(Liability) 196,645,405
amount is expected to come to this market, the bulk o f the
46,744,583
45,053,881
N et silver in treas’y
39,046,614
U. States notes....(Asset) 46,158,200
shipments being, it is believed, for Germany; but the fact that10,655,000
Certificates issued........ 12,700,000
100,000
470,000
Certificates on hand.. ..
these shipments to Germany have diverted the German de
10,555,000
Certiflc’s, net.(LiaMlity) 12,230,000
mand for gold from this market has encouraged competition,
33.928,200
28,491,614
.. Net U.S.notes in treas.
6,555,023
6,613,023 for the few bills that have been offering in the market.
253,770
353,011
60,075,601
The following return shows the position of the Bank o f
61,921,294
B a l a n c e s ... .(A sset)
3 4 7 ,8 3 8 ,3 0 6
3 5 5 , 6 7 2 , 8 1 7 England, the Bank rate of discount, the price of consols, & c.,
P u b l ic D e b t a n d I n t .—
compared with the last three years :
1,968,608
Interest due,u n p a id.... 1,446,018
Less amount estimated as lost or destroyed....
169,162
4,288,815
2,675,155
170,874
1,446
954
14,520
1,615,588
15.450
1,292,470
D ebt and int.(Liability) 13,282,503
1,446
F ract’l cur’cy redeemed
5,588
U . 8. bonds and inte’st.
Int.ch’eks & coupons p’d
34,105
R eg. A cou p . int. prep'd
10,412,826
954
7,480,123
Inter’t on matured debt
Int. prepaid not accr’d.
Debt bearing no inter’st
Int. on Pac. R R. bonds
due, u n p a id ..............
A cc’d int., P ac. R R . b ’ds
Debt andinter’stJAsset)
41,139
D ’bt&int.netiLiabiiiti/)
R es’ve fo r red. C.8. notes. ioo.ooo.cioo
Fund held for redemp. o f
notes o f Nat. Banks___ 93,835,503
Five p. c. f ’nd fo r redemp.
6,979,047
o f N at. Bank notes.......
Redemp .res’r. (Liabil ty) 200,814,640
Nat. Bank notes in pro"
cess o f redem p.. .(Asset) 6,449,041
Net res’rves.(Liabiiiti/)
P ost Office dep’t account. 5,(M5,838Disburs’g Office rs’ bal’ces. 32,999,349
Undistrib’d ass’ts o f fail’d
1,836,276
Currency and minor coin
1,480
redemption accou n t....
Fractional silver coin re5,620
Redem ption and exch’ge
779,379
Treasurer's transf’r c h ’ks
4,718,022
and drafts outstanding.
Treasurer U. 3., agent for
145,628
paying int. on D.Col.bds
144,800
145,754
13,241,364
7,124,143
201,976,867
194,365,599
5,589,183
5,421,470
24,176,969
620
1,802
572,027
6,280,305
166,056
38,777,144
3,553
..................
143,389
25,878,872
120,728,878
38,773,591
2 4 5 ,4 2 7 ,8 4 7
.................. 2 3 3 , 1 5 1 , 6 8 9
9 4 ,7 0 6 ,6 1 7
196,387,684
1,857,895
45,544,726
Assets not available—
10,266,572
94,852,724
T otal.............(Liability) 45,551,592
6,866
Int.on D.Col.bds pd (Asset)
B a l a n c e s . .(L ia b ilit y )
100,000,000
1 1 0 * 2 4 4 ,9 7 0
*N
148.160
25,750,228
136,148,363
Circulation........................................ .
Public d e p o s it s ......................... .
Other deposits...................................
Government securities.....................
Other securities.................................
Reserve o f notes and co in ...............
Coin and bullion................................
Reserve to liabilities,......................
Bank rate............................................
Consols.................................................
Clearing-House return.....................
1888.
1887.
1886.
£
24,225,005
6,433,602
23,807,042
17,055,147
19,267.009
11,789,920
19,814,925
38% p.c.
3 p. c.
101«
98,206.000
£
84,532,270
4,984,893
26,110,343
15.429,835
18,665,929
14,836,908
23,669,178
47% p. c.
2 p.c.
103%
86,183,000
£
24.434,110
6.564,827
23,618,612
14,833,498
21,210,566
10,938,054
19,672,164
37 7-16 pc
3 p. o.
10113-16
86,109,000
1885.
£
24,223,3657,519,06927,931,05814,097,134
20.836,282
18,368,515
26,841,880
51% p .o .
9 p .e .
1011-16
75,645,000
The silver market, which on Saturday last was so depressed
that fine bars were quoted at 41%d. per ounce—%&. under the
previous lowest price on record— has been steadier during the
past week under the influence of a recovery in the Indian E x
change, and the announcement that the India Council w ill
reduce the amount of its drawings next week. The price o f
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 pricesof silver have fallen back )4, to 41%d. per ounce. Not only
are we entering upon the quiet season, but money is becom icg
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)4 per cent. Seeing that the value o f the
rupee has not been maintained even during the active export
season of wheat and cotton in India, the expectation of an
advance during the quiet season is not very strong. As re
gards the reasons for the recent heaviness o f the Eastern
THE
728
C H R O N IC LE.
XLVI,
[V o l.
Supplies available for consumption (exclusive of stocks on
'exchanges, we may briefly state that as regards potton, the
September
1):
Indian home consumption of cotton for the spinning of
1885-6.
1886-7.
1887-8.
yarns, which is yearly becoming greater, has restricted ship Im ports o f w h ea t... . . . . . . . . . . . .cw t. 32,177,541 36,716,376 34,986,592
10,174,294
Im ports o f flo u r ..................................13,222,889 12 ,8i4,6 18
ments to Europe, while the exports of Indian wheat have Bales o f h o m e -g r o w n ................ 30,414,163 24,620,962 31,869,099
been considerably less, they having been replaced by increased
T ota l................................................. 75,814,593 74,151,956 77,029,985
¡shipments from Russia. The depreciation of the rouble has
1887.
1886.
1888.
34s. Id .
32s. 4d.
facilitated Russian exports of wheat in competition with the A ver, price w heat.................... week. 31s. 8d.
Indian exporter. The statistics of the exports of wheat from
E n g lish F in a n c ia l m a rk ets—Her C able.
India and Russia, as bearing upon the course of exchange,
The daily closing quotations for securities, &c., at London,
are so remarkable that we are led to give the following com are reported by cable as follows for the week ending June 8:
parison of the imports into Great Britain for the four months
Wed. Thurs. F ri.
Mon.
Tues.
Sat.
ended 30th April last:
London.
IMPORTS OF WHEAT, JAN. 1 TO APRIL 3 0 .
-t*nlue.---------------- .
-Quantity.1887.
1888.
1886.
1887.
1888.
1886.
£
£
FVom—
Cwt.
Cwt.
Ciot.
£
972,640
233,488
Br. East Indies. . . . . 3,523,795 2,560,460
674.976 1,261,132
409,372 1,511,618
517,481
B ussia.................... V 1,381,980 1,046,170 4,192,041
Messrs. Pixley & Abell write as follows on the state of the
bullion market:
G old —There has been very little demand fo r gold, and again the hulk
■of the arrivals, £253,000 altogether, has been purchased by the Bank of
England. Arrivals have b e e n : £169,000 from Australia, £32,000 from
Natal and £1 3,000 from China; total, £214,000.
Silver—To the end o f last week silver continued in a very weak state,
-and some purchases actually took place at 41% d.—the low est price that
lia s ever been known. On Tuesday, how ever, a spurt took place in the
Indian Exchange, and an immediate recovery ensued, and we to-day
-quote 42d. The Werra brought £ L5.000 from New York.
M exican Dollars—No business has taken place in these coin and we
« a n only give 41%d. as the nearest quotation.
The quotations for bullion are reported as follows :
GOLD.
London Standard.
May 24.
May 17.
8. a.
77 9
8.
d.
77 9
B ar gold, flne....oz.
B ar gold, contaln’g
20 dwts silver..oz. 77 10
Span.doubloons..oz.
S . Am, doubloons.oz.
77 10
SILV E R.
London Standard.
May 24.
d.
Bar silver...........oz.
Bar sliver, contain
ing 5 grs. gold.oz.
Cake silver........ oz.
Mexican d o l* ... .oz.
42
42%
45 5-10
41%
May 17.
d.
41% !
42%
45 3-10
At a meeting of the Stock Exchange Committee this week,
It was resolved to form a department for the registration of
American Railway Securities. Some of the great American cor
porations have London agencies, but in several instances the
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
the English Association of American Bond and Shareholders,
but the Stock Exchange has not encouraged this association,
^partly because it exercises judicial powers, and is not merely
mechanical in its action; partly also because of the fear that
those who may direct it might use information for market
purposes. The present intention of the Stock Exchange Com
mittee in forming its own department is to have a purely
•executive office which will take in shares for registration, and
will virtually become the registration office in London of the
various companies which agree to the arrangement. It is
intended to approach all the principal American companies
•on the subject, and doubtless in course of time they will find
it advisable to deal with the new department, not only as to
the registration of shares, but also with respect to the publition of traffics, revenue statements, and other official informa
tion, such as the declaration of dividends, etc.
Following last week’s rainfall, there has been for the last
s ix or seven days a renewal of dry weather, with rather a low
temperature and winds chiefly from the east and northeast
Provincial advices represent a cheerful feeling in consequence
-of the fine weather, and prices in Mark Lane have given way
A feature in prices is that at the present time the Gazette
average price of barley is within Id. of the Gazette average price
o f wheat—viz., 3is. 8d. for wheat and 3 Is. 7d. for barley. Last
year at this date wheat was quoted at 34s. Id., and barley at
Sis. 9d. Notwithstanding the much higher price of barley
and consequently of malt, speculators in brewery shares in
m is country have been buying largely on the idea of im
proved dividends.
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-seven weeks and
three days of the season, the average price realized and other
items, compared with the last three seasons :
Silver, per o z ................d.
Consols, new 2% perots.
do fo r account. . . . .
Fr’ch rentes (in Paris) fr.
D. S. 4^38 o f 1891...........
D. S. 4s o f 1907...............
Canadian P acific............
Chic. Mil. & St. P a u l....
Erie com m on stock ........
Illinois Central. . . . . . . . . .
Pennsylvania------. . . . . .
Philadelphia & Reading.
New Y ork Central...........
42%
423] 6 42%
981316 9813]6 9813] 6
x 98i3lÄ 9 8 ^ i 6 981516 9*1016
83 05 83-0743 83*2213 83-25
10944 109 14
lO O ^ IO 9 14
13044 13044 130% 1 3 0 1 4
585g
58%
57%
6858
66%
67%
68
6758
24%
25
25
2443
12134
121% 121% 122
53%
53%
53%
5343
30%
31%
31
3043
107% 107% 107% 107%
42*8
x 9 8 u ifi
1886-7.
1885-6.
36,716,376 34,986,5^2
13,562.372 8,702,661
9,785,042
7,435,703
1,79*.150
1.512,067
1,855,062 2,395,309
20,819.361 22,170,174
12,814,618 10,174,294
13 0 14
58
66%
2 5 14
122
54
30%
107%
42
991]«
993]«
83-2213
109%
130%
.57%
66%
24%
122%
54
30 %
10742
i&crmmetxial and i^U scellatieaus Utews
N a t i o n a l B a n k s . —The following national banks have been
organized since last advices :
,890—The First National Bank o f Rockw all, Texas. Capital, $5 0,00 9.
E. C. Schneider, President; I. J .W ood, Jr., Cas ler.
; 891—The Citizens’ National Bank o f 8t Paul, Neb. Capital, $50,009.
Ed. McCormick, President; I. F. M cCarty, Cashier.
¡,892—The First National Bank o f Redlands, Cal. Capital, $50,009.
F. P. Morrison. President, John W. Wilson, Cashier.
( 893—The First National Bank o f Hazleton, Penn. Capital, $1C0,00U.
A. W. Leisenring, President; John R. Leisenring, Cashier.
I m p o r t s a n d E x p o r t s f o r t h e W e e k . —The imports of last
week, compared with those of the preceding week, show &
decrease in both dry goods and general merchandise. The
total imports were $7,829,848, against $9,136,602 the proceding week and $8,555,583 two weeks previous. ^The exports
for the week ended June 5 amounted to $5,162,314, against
$5,645,192 last week and $5,165,510 two weeks previous. The
following are the imports at New York for the week end
ing (for dry goods) May 31 and for the week ending (for
general merchandise) June 1; also, totals since the beginning
of the first week in January :
FOREIGN IMPORTS AT NEW YORK.
F or Week.
Dry G oods.........
Gen’l mer’d ise..
Since Jan. 1.
Dry G oods.........
Gen’l mer’ d ise..
1888.
1887.
1886.
1885.
$1,194,943
5,880,844
$1,297,034
5,13C,115
$1,687,110
6,743,535
$1,507,048
6,322,800
$7,075,787
$6,433,149
$8,430,615
$7,829,848
$42,178,425
117,850,109
$50,552.981
134,913,769
$53,485,907
146,829,733
$58,132,110
146,749,738
Total 22 weeks. $160,028,534 $185,466,750 $200,315,640 $204,881,848
In our report of the dry goods trade wdl be found the im.
ports of dry goods for one week later.
The following is a statement of the exports'(exclusive of
specie) from the port of New York to foreign ports for the
week ending June 5. 1888, and from January 1 to date:
EXPORTS FROM NEW YORK.
For the w eek....
Prev. reported..
1888.
1887,
1886.
1885.
$5,764,222
$5,941,684
119.802,726 1 121,522,427
$6,058,749
134,429,165
$5,162,314
120,534,797
Total 22 weeks $140,487,914 $125.744,410 [$127,286,649|$125,697,111
The following table shows the exports and imports of specie
at the port of New York for the week ending June 2, and.
since January 1, 1888, and for the corresponding periods in.
1887 and 1886.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Im ports.
Exporle.
Gold.
A ll other countries...
Total 1888........ .
Total 1887...........
Total 1886............
Silver.
Week
Since Jan. 1.
$750
$2,946,812
17,500
3,527,901
4,921,312
16,200
6,700
130.919
324,333
$23.650 $11,868,777
5,440, ! 85
142,659
2,105.380 29,660,207
Exports.
Week.
$209.954
5,000
sin ce Jan. 1.
$4,408.324
214,709
19,368
125,882
Since J a n .l.
Week.
11,200
1,000
1,175
2,300
$1,768
2,606,506
917,499
263,804
10,833
171,668
152,710
$15,675
2,573
14,252
$4,124,788
4,686,394
2,718,276
$ .........
Im ports.
Week.
|/Since J a n .l.
9 .........
All other coun tries...
22,512
39,967
390,266
14,599
6,630
144
300
1,243
Total 1887............
Total 1886...........
$237,466
175,800
148,100
$5.198,*16
4.639,704
5,082,312
$ 2 2 ,9 .6
3,27a
29,145
IMPORTS.
1887-8.
W h e a t . . . . . . . . . . . . . . . . . . . . . . . . . . o v r t . 32,177,541
B arley........................................
14,602,769
•Oats................................a ................ . 10,916,923
P eas....................................................... 2,3 "’7,153
B ean s......................
1,905.716
Indian com..... .......................... 15,754,951
F l o u r . . . . . ............................................... 13,222,889
42
9815|6
99
83-20
109%
$12
110,589
67,524
144,336
7,617
11,196
533,862
$377,136
965,022
713,987
THE
I,(J üne 9, 1888.]
C H R O N IC LE ,
Of the above im ports for the we*1!: in 1888, $1,275 were Ameri
can gold coin, and $3,151 American silver coin. Of the ex
ports during the same time, $19,750 were American gold coin,
729
C o i n a g e b y U n it e d S t a t e s M i n t s . — The following state
ment, kindly furnished us by the Director of the Mint, showsthe coinage at the Mints of the United States during the month
of May and the five months o f 1888.
C h a n g e s in L e g a l T e n d e r s a n d N a t i o n a l B a n k N o t e s t o
June 1.—The Comptroller of the Currency has furnished
us the following, showing the amounts o f 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
notes up to June 1 :
n a tion al B ank Notes—
A m ount outstanding May 1, 1888.
Am ount issued during M ay..............
Am ount retired during M ay.............
$2,910,246
5,079,183
M ay.
Denom ination.
F ive months o/1888V
Pieces.
Double eagles...........
Eagles.........................
H alf eagles................
Three dollars............
Quarter e a g le s .........
Dollars........................
$258,372,268
2,768,937
Pieces.
Value.
$
3,100,200
260,100
45,100
99
, 25
37
155,010
26,010
9,020
33
10
37
Value.
372,054
374,684
293, 52
5,289
56
10,830
9
7,4 4 1 ,6 8 0
3,746,840
1,4 65,2 60
15,867
14 0
10,830
Total g o ld ..............
190,120
3,405,561
1,055,965 1 2 , 6 8 O,0 l T
Standard d o lla r s ....
Half d olla rs..............
Quarter d olla rs.......
D im es.................. .
2,850,000
2,850,000
23 2 ,0 f0
2 6 0 ,0 0 0
58,000
26,0U0
13,804,433 13 ,804 ,43?
433
217
4*6,433
114,108
1,166 087
116,609
1,011,363
Total silver............
3,342,000
2,934,000
15,427.386 11,035,367
A m ount on deposit to redeem national hank
notes June l , 1888.........................................
$94,468,993
, »Circulation o f national gold banks, not included above, $206,317
Five cents.................
Three cents................
One cent.....................
855,700
500
3,786,500
42,785
15
37,865
Total m in o r ...........
4,642,700
80,665
Total coinage.........
8,174,820
6,420,226
A m ount outstanding June 1 ,1 8 8 8 * .
$255,603,331
Legal Tender Notes—
A m ount on deposit to redeem national hank
notes M ay 1, 1888...........................................
A m ount deposited during M ay.......................
A m ount reissued & b’nk notes retir’ d in May
$95,480,356
$4,667,819
5,679,182
According to the above, the amount of legal tenders on
deposit June 1 with the Treasurer of the United States to
redeem national bank notes was $94,468,993. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary* liquidation, and (3) by banks re
ducing or retiring their circulation, was as follows on the first
o f each of the last five months :
6,890,433
12,933
20,157,433
34 4,52 2
37 8
201,575
27,060,799
546,475
43,544,150 27,261,859
—Messrs. Winslow, Lanier & Co. offer by subscription at
107% and accrued interest $1.500,000 5 per cent 50-vear
----------------L' \
d ep osits by—
Feb. 1.
$
815,868
7,328,109
M arch 1.
A p ril 1.
M ay 1.
$
1,195,548
7,125,596
$
1,159,764
7,534,316
$
1,153,500
7,374,957
In so lv ’t bks.
Liquid’« bks.
B ed ’c ’g undr
aet o f ’ 74.* 93,655,666 90,950,890 88,517,765
J u l y .....:.
A u gu st..................
Septem ber..............
O c to b e r..................
N ovem ber..............
D ecem ber...............
January. . . . . . . . . .
February................
M arch......................
A p ril........................
M a y . ... .................
1887-8.
18S6-7.
Cus Inter'l Misc’lt Total.
toms. R ev’ue Sourc'
Cus Inter’l Misc’ls
lotal.
toms. \Rev’ut Sourc’i
$
18,21.
22,68'
20,'!89
19,50«
15.742
15,420
17.839
19.691
17,621
17,831
15,943
$
I * 17,899 9,480
21,103 0,090
20,086; 9,460
16,758 9,479
15,087 9,581
16,332 9,544
17,021 8,780
18,874 8,243
20,544 9,355
18,082I 10,159
16,546 14,389
$ !
9,768
10,850
10,442
10,8*9
9,88l|
10,602'
9,500
9,080
9,110
9,718
13,818
$
2,835
2.08
2,619
3,414
8,905
3,038
3,095
2,842
2,137
2,756
3,157
*
30,815
35,618
33,860
33,839
29,128
29,060
30.434
31.613
28,868
30,3<?5
32,918
Ulk W V VVUUCLUUU WlUli VICVC"
8 6 951,899 86,222,479
•ourtesy of the ¡secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government
receipts and disbursements for the month o f May.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement since the
beginning of the fiscal year for 1887-88 and 1886-87.
000« Omitted.
VUV»
Regular quarterly dividends are now paid by the
t Mahoning: Valley Railway Company upon its
of $2,759,200 at the rate of 11^ per cent per an-
$
1,116,503
7,130,011
: T o ta l......... 101799643 99, V72,034 97,211,845 95.480.356 94,468,993
* A ct o f June 20, 1874, and Ju ly 1 2 ,1 8 8 2 .
G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . —Through the
Receipts.
9
June. 1.
$
2,258
2,439
2,141
3,301
3,418
2,747
2,505
2,657
3,459
3,514
2,890
$
29,637
33,622
31,687
29,538
28,086
28,623
28,306
29,774
33,358
31,755
33,884
—Attention is called to the advertisement o f the Electric:
Bullion Saving Company in to-day's C h r o n i c l e . The gentle
men comprising this organization are well known citizens,,
and as to the practical nature of its work the prospectus shows
excellent testimonials from some of the leading mines in the
West. Further particulars may be obtained upon application
at the office o f the Company in this city.
—Messrs. Lee, Higginson & Co. and Chase & Higginson
offer $2,000,000 5 per cent first mortgage gold bonds of the
Metropolitan Telephone & Telegraph Company of New
York, at par and accrued interest. The company’s net earn
ings are $600,000 per annum, and it has very valuable real
estate.
—Attention is called to the announcement of investmentbonds for. sale by Messrs. John H. Davis & Co., who have
heretofore been known as offering a number of good loans in
the market.
United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city, a i
well as the balances in the same, for each day of the week
Total 11 months. 201.384 118 598 31,476 346.458 198.422'108.460 31.428 338,310
1887-8.
Disbursements.
000s omitted.
J u ly .............. ..........
A u g u s t ...,.............
Septem ber.............
O ctober............... )
N ovem ber.............
D ecem ber..............
J a n u a ry......... ....... j
February................ Ii
M arch......................
A p ril.......................
M a y.........................
Ordinary.
Pen- Int. & Total.
sions. Prems.
$
$
14,755 11,448
10,948 16,500
22,420
2,329
9.572 18,288
10,381
19
703
12,014
9,461 9,963
9,696 3,321
13,557 3,566
12,024 12,433
Ordìnary.
P en sions.
Interest.
Total.
t
%
T
9,843 10,871 8,689
19,535 7,775 1,500
14,385 3,276 2,922
12,047 36,805
12,042
524 6,895
5)8 28,378 11,678. 12.517 1,463
2,580 12,980 12,730. 2,177 3,577
8,815 21,532 13,323 1,967 8,095
474 10,898
9,331 15,289
865
2.49« 15,516 10,3981 6,321 2,832
7,738 24,861! 11,290 2,166 6,765
4,165 28,622; 10,941 j 10,593
874
49,038 252,4461 !135,5051 73.476 44,576
i
29,403
28,909
20,583
19,461
25.658
18,484
23,385
25,485
19,551
20,230
23.408
$
$
8,933 35,137
1,269 28,717
Balances
Date.
1886-7.
June
»
, “
“
“
“
Total
Receipts.
2
4
5
6
7
8
Payments.
$
1,486.488
1.630,323
1,226,*96
1,343,162
927,139
1,1097074
$
1.766,090
1,786,866
1,413,124
1 ,¿21.380
1,253,599
1,580,980
7,702,882
9,022,039
Coin.
$
133,600,354
133,681.374
133,707,021
133,630,414
133,640.034
133,669,863
$
20,533,642
20,219,946
19,860.866
19.973,245
19,596,776
18,983,085
Currency.
$
15,021,656
15,097,790
15,244,795
15,330,805
15,371,194
15,483,151
Auction Sales,—The following were sold this week at
auction by Messrs. Adrian H. Muller & S on :
Shares.
5 Chemical National Bank. 3,400
200 Fitts. & West. R ’ w ay Co.,
pref. stock t r u s t ....... 2 0
26 L ong Iflan i Bk. o f B’k ly n l 2 2 12
T otal XI m onths. 124,838 78.570
353,557
18 Gallatin National B a n k ..223
B o n d s H e l d b y N a t i o n a l B a n k s . —The following interest
1 P olytechnic Institute o f
Brooklyn_______ . . . . $30
ing statement, furnished by the Comptroller of the Currency,
1 Right B’klyû City Library$12
»hows the amount o f each class of bonds held against national
12 Central Park N. & E. Blv.
bank circulation and to secure public moneys in national bank
RR. C o....... .................... S I1«
depositaries on June 1. W e gave the statement for May 1 1 Membership Brooklyn City
Hospital ................. .
15
in C h r o n i c l e of May 5. page 562, and by referring to
58 M echanics’ Nat. Bank o f
that the changes made during the month can be seen.
\
New Y o r k ......................1671«
13 Merchants.’ Nat. Bank o f
New Y ork .............. . H O ^
V. S. Bonds Held June 1,1 888 , to Secure—
40 N.Y. B owery Fire Ins. Co. L13
d escription o f Bonds.
.32 Nar. Butchers’ & D rov’rs’
Public Deposits
B ank
Bank ........ .
172
Total Held.
in Banks.
Circulation.
30 Nat. City Bk. o f B ’k ly n ..3 5 6
50 Mechanics’ Bk. o f B’k lyn.2401*
8s, A et July 1 2 ,1 8 8 2 ....
$135,000
1251«
$62,500
$197,500 180 Brooklyn City RR. Co
10 B’k yn A cadem y o f Music
Currency 6s,...............
901.000
3,181,000
4,082,000
(with ticket) ...............1141«
per cents......... .....
15 638.500
69.638,800
85,277,300
4 Leather- M anufacturers’
4 per cents..........
39.758.500
107.035,350
v at. B ank
...............202
146,793,850
Nat Bk. o f N. Y.
Total
6 ■IfP.OOO •
7,<5-o «'»"«:35o fiVO 25 Fuiton
(ex.div. o f 175 % paid)$23
5 F idelity & Casualty C o .. 10
Coin Cert’s
Shares.
Rutgers Eire Ins. C o ....... 130
Peoples’ Fire Ins. C o....... 8 0
Corn E xchauge B a n k ___215
Im porters’ & Trad’ra’ Nat.
B ank.............................. 361
105 A m erican E xch. Nat B k .138%
6 4 Irving Nat. B an k.1531« to 154
18 United States Trust C o ..575
21 Butchers’ & D rovers’ Nat.
Bank ............................. 1 7 2 ^
50 Brush Electric IIL Co. o f
New York . . . . . . . . . . . 7 5 .
50 Western National B an k.. 94
25 Corn E xchange Bank___210
24 American Loan & Tr. Co. 98
25 3d A venue HR Co ......... 2 1 9 1«
5 o Niagara Fire Ins. C o.......125
10 Commercial Nat. Bank .105
10 Aiiie ican Nat. Bank o f
Birmingham, A l a ......... 7 0 1a
10 National Park Bk. o f N. Y .164
Bonds.
$5,000 Syracuse & Northern
R ’aw y Co., 7s, 18«1 ........... 120%
$13,000 Northwestern Tel. ■ .
Co., 7s, 1 9 0 1 .......... 105 to 106%
$1,000 Br ooklyn City 6 s, per; w
water loan, 1896....... 1 1 9 % % ^ $ .
25
14
2
2
THE
730
2
CH R O N IC LE .
P xje IP au lu ers' (fS a ^ lte*
V I
V I D E N D S i
The follow in g dividends have recently been an nou nced :______
Name o f Company.
When
P er
Cent. Payable.
B ooks Closed,
(Days inclusive.)
R a ilr o a d s .
2 June 10 to June 16
3*s Ju ly
.B oston & L ow ell............£................
2is July 2 Juue 10 to --------B oston & Providence* (q u ar.)..../.
June 6 to June 22
Juue
22
4
Central RR. & Banking Co. o f Ga.
June 27 June 12 to June 28
3
C hicago & N orthwestern...............
June 12 to June 28
June
27
1%
do
do
pref. (quar.)
June 15 June 2 to ---------—
1 *4
Cin. Ind. St. L. & Chic. (q u a r .)....
June 16 t o ------------ Ju
ly
2
2
-Connecticut R iver (quar.)..............
July
2 June 16 to July 2
4
H ew Y ork & H arlem .....................
June
2 to June 7
on
dem’
d
2
Syracuse Bingh’n & N. Y . (quar.).
21a June 30
T y ron e & Clearfield ....................................................................
* H ereafter quarterly, from January 1.
W ALL
The
Money
S T R E E T , F R I D A Y , J u n e 8 , 1 8 8 8 —5 P. M.*
Actual rates have declined a little, and the posted figures
have been reduced £ cent, to 4 87 and 4 89£. The reduction
in the Bank of England rate from 3 to 2£ per cent had no per
ceptible effect on the exchange market, beyond increasing a
little the tendency toward weakness in short bills.
To-day the rates on actual business were as follows, v iz .:
Bankers’ 60 days’ sterling, 4 86£@4 86£; demand, 4 88£©4 88£.
Cables, 4 88£@4 89.
Commercial bills were 4 85£@4 85f.
Continental bills were: Francs, 5 19$ and 5 17£; reicnmarRS,
95£@95£ and 95£; guilders, 4C£@40| and 40£@40f.
The following were the rates of domestic exchange on
New York a fx h e under-mentioned cities to-day: Savannah,
buying £ discount; selling par @ £ premium; Charleston, buying
£ premium; selling £ premium; New Orleans, commercial, 75c.
premium; bank, $1 premium; St. Louis, 75@90c. premium,
Chicago, 40©50c. premium.
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 generally firm, though
the 4£s are a 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
and Financial Sitnation.—The
past week has been marked by very important events, and
■although thev 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
or a politician, no other candidate that had any chance of
nomination by the Democrats would have been better, finan
4 Per Cents due 1907.
4% P er Cents due 1891.
cially speaking; certainly a Southern or Western silverman,
Prices paid. O f‘ rings. P u r eh’es Prices paid.
Punch’es.
Offerings.
or green backer, would have been infinitely worse.
127
$50,000
1180,000
In the next place, the quick negotiation of the Reading 4 per Saturday ... $250,000 $ ...........
1,000
18,000
cent loan at 87£ puts the finishing touch on the reorganization Monday......
£0,000
scheme of that company, and finally removes it from the class T u esd a y.... 101,000
24,000
1,524,550
o f insolvent corporations—it is to be hoped forever. Our first W edn’sday. 1,507,000
173.000
35.000
35,000
106%
Thursday...
137.000
statement of the terms of the Reading loan seems to have been F riday........ 249.500
107
40,500
quite correct, when all others were erroneous, namely, that the
127
$84,000
$2,065,550
$75,500 106%-107
$2,160,500
Total.
syndicate took the $24,686,000 of new fours and nearly $12,- SinceApr.23
13,343,200 124-70-127
7,598,250 106%-108
000,000 of first preferred income fives, and agreed to furnish
The closing prices at the N. Y . Board have been as follow s:
enough money to pay ofi the old general mortgage bonds with
-overdue interest to July 1, and return to the Reading Com
Interest June June June June June June
8.
7.
6.
5.
4.
2.
pany at least $1,000,000. As the fours have been sold at 87£,
Periods
it is easy to calculate what the first income fives are rated at
*107
107
*■ *07
*107
*107
*107
Q.-Mar.
*3 9,18 91... . — reg.
by the syndicate, though if they sell higher than rated it has 44*s8,18
107*8 *107
107 *107 *107
91......... coup. Q.-Mar. *107
126*3
4s, 1907................reg. Q.-Jan. *12658 *1265g 126*3 *126*2 126*3 *127*3
been hinted that the company will get the benefit of it.
19 07............ coup. Q.-Jan. ’ 1275s 1275s 1275s *127*3 *127*3
Another feature of the week has been the annual meetings 4s,
119
*119
*119
*119
*118*2
6 8 , cur’c y ,’ 9 5 -----reg. J. & J. *118*3
* 12 2
12 2
*121*3
in Chicago of the Rock Island and Northwestern companies. 6 s, cur’c y ,’ 96___ reg . J. & J. *1 2 1 * 3 *121*3 1 2 2
*124
*124
*124
*124
*124
*124
& J.
The annual reports submitted naturally show some decrease in 6 s, cur’cy , ’ 9 7 ... .reg. J.
*127
our'ey, ’9 8 ___reg. J. & J. 1*127 *127 *127 *127 *127
net income; the Northwest surplus for the year over all 66 s,
s, cur’ c y ,’9 9 ___ reg. J. & J. 1*129 *129 *129*2 1*129*3 *129*3 *129*a
charges and dividends amounts to some $1,800,000, while the
* This is the. price bid at the m orning h oa rd ; no sale was made.
Rock Island report shows a deficit of about $258,000; but this
State and Railroad Bonds.— State bonds have been some
■deficit is turned into a surplus by bringing into income the what neglected, and the market is entirely without feature.
receipts from premium on bonds sold, amounting to $844,000. There has been no special activity in any class, though Ten
The April statement of Chicago Burlington & Quincy is nessee settlement 3s have had a fair business.
Yery poor, showing a decrease in net earnings of $755,451,
Railroad bonds have not been active, and the market has
compared with April, 1887.
The Chicago Burlington & been somewhat unsettled in spots, though generally the tone
Northern shows a dieficit of $2,780 under its operating remains firm. A few classes have shown some weakness, but
expenses, being a decrease of $22,702 in net earnings, com no important decline— for instance, Missouri Kansas & Texas
pared with last year. So bad have been the C. B. & Q. state 5s and"6s, & c.; but the majority of bonds are well held, and
ments this year, and so notorious the persistent cutting of not a few have shown an advancing tendency. The changes,
rates by the C. B. & N., demoralizing railroad business in the however, either up or down, have been insignificant this week.
Northwest, that the charge is made in the Tribune money arti- The new* Reading 4s were offered for sale by the Drexel syndi
cle that the managers of these companies are in alliance with cate on Wednesday at 87£, and the whole amount was quickli
the bears of Wall Street.
taken and the books closed in two hours, the subscriptions m
The open market rates for call loans during the week on i London and this country amounting to many times the total issue.
stock and bond collaterals have ranged from 1 to 2 per cent,
nnd to-day the rates were 1@1£ per cent. Prime commercial -R a ilr o a d and Miscellaneous Stocks — The dulness of the
stocF market has continued unbroken during the past week,
paper is quoted at 4@ 5 per cent.
The Bank of England weekly statement on Thursday showed and there has even been less activity in the specialties than
during the week previous. No important events have transA gain in specie of £554,000, and the percentage of reserve
to liabilities was 41 21, against 39-83 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
the operations of room traders than by any really significant
lost 4,100,000 francs in gold and gained 1,850,000 in silver.
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
important losses, and in many cases a slight gain.
previous week.
In the early dealings the general tone was rather unsettled,
The following table shows the changes from the previous
week and a comparison with the two preceding years in the led by a sharp break in St. Paul stocks, on rumors of an
issue of preferred stock and reported sales by insiders. The
preferred suffered the most, declining from 107 to 103£. These
stocks subsequently recovered partially on a denial of the
1886.
1887.
Diffr’ nc’s f r ’ m
1888.
rurqprs. Burlington & Quincy has also shown some weakness,
June 4.
June 5.
Prev. Week.
June 2.
though Northwest has been well held, and the declaration Of
8
$
%
9
the usual dividends had a reassuring effect. Union Pacific has
60.762,700
Capital.................
been a feature, advancing two points early in the week on a
50.381,500
Surplus.................
Loans and dlsc’ts 36 *.528,200 Dec. 3 Í8,400 365.231,700 342,824,000 good report of earnings. It has since been irregular, though
8 6 ,4 -to,300 D eo.4,0»5,600 72,499,900 67,439.000
Specie
Bpe_____
8.260,700
7,822,200 the advance has been fairly well maintained. Reading, after
7,519,300 Deo. 212,800
Circulation
D ec.2,726,500 371,307.100 364,383,700 a small advance, gave way on tne announcement of the price at
391,227,100
N et deposits..........
Legal tenders....... 37,092,100 Inc. 835,100 24,654,600 35 ,7 2 4 9 0 0 which the new 4s were sold by the syndicate—87£—which was
Legal reserve....... 97 ,B06.775 Deo. 691,625 92.826,775 91,095,925 somewhat lower than anticipated, but afterward the stock was
Reserve held......... 123,522,400 D ec.3,260,500 «7,154,500 103.163,900
firmer. New England has been strong at times on bull points,
4,327,725 12,067,975 but no important developments. Missouri Pacific has been
Surplus reserve... 25,715,625 Dec.2,578,875
Exchange.—Sterling exchange has been only moderately among the more active stocks, though the fluctuations have
been very slight. Louisville & Nashville advanced a little on
active and somewhat unsettled by the Reading bond nego
tiations abroad, the free offerings of bills ^on that account Thursday, but closed to-day at 53£, and ruled very dull with
havfhg caused some weakness, especially in short sterling. all the rest of the market.
Market
[V O L . X L V I .
731
T H E C H R O N IC LE
J une 9,1888.]
STOCKS—PRICES AT N.Y. STOCK EXCHANGE FOR WEEK ENDING J J W E 8, AND SINCE JAN. 1, 1888.
Sales
H IG H E ST AND LOWEST PRICES.
STOCKS.
Saturday,
June 2.
A c tiv e U K . S to c k s .
A tla n tic & P a c ific .......................
8%
*8
57% 57%
Canadian Pacifie.......................
48%
48%
Canada S o u th e rn ...............
Central o f New Jersey............ *82% 84
Central P acific.......................... *30% 31
2
2
Chesapeake & Ohio................- ■
*4
Do
1st p re f.
*2%
Do
2d pref..
Chicago Burlington & Quincy, 112% 113%
66%
66
Chicago Milwaukee & St. Paul,
Do
pref. *108 108%
108%
108%
Chicago & Northwestern.........
Do
pref. *143 144
Chicago R ock Island & Pacific. 1 0 6 % 1 0 7
12
Chicago St. Louis & Pittsburg. *11
33
Do
prei. *30
35% 35%
Chicago St. P aul Min. & O m ...
Do
pref.
47
Cleveland Col.Cim& Indianap. -45
20
Columbus H ocking V al. & T oi. *19
128 128%
Monday,
June 4.
*8is
485s
*59
8%
49
83
83%
30% 30%
*lia
*4
*3
1123a 113%
66 %
66
106% 1075s
108 78 109%
144% 144%
IOÖI3 107%
12
*11
32%
*30
35% 35%
Tuesday.
June 5.
Wednesday,
June 6 .
*8
*57
58
56%
48%
8%
56%
48%
*30% 31
*1 %
*414
*3
*1%
3%
*3
112 %
64% 64%
104% 10 5
108% 109%
144 144%
106% 106%
112
103% 107
107
m
*30
36
107
12
33
36
*1 1
*30
35
12
35%
Thursday,
Juue 7.
56%
4 s%
83%
30
*1 %
*4%
*3
112
56%
48%
83%
30
Friday,
Juue 8 .
*8
8%
*56
56%
48% 48%
*82% 83%
*30% 31
Week,
Shares.
800
2,4:i0
699
125
300
39
112 % 112 % 112 %
64%
105%
109%
144
107
65%
106
109%
144
108
32
36
32%
36
64%
105%
109
143
107%
* 11
*31
35%
6,205
65% 138,586
106
6,995
109% 18,520
143
12 1
108
2,384
12
34
35%
300
1,066
R ange Since Jan. 1,1 888 .
Lowest.
7% Apr.
10% Jan. 10
62% Jan. 3
55 »8 Feb.
56% Jan. 9
45% Apr.
84% M ay 21
73% Apr.
26% Mar. 26 33% Jan. 10
5% Feb. 4
1 Mar. 26
10 Jan. 24
3% June
1% Mar. 26
7% Feb. 7
111 June 1 130% Jan. 27
64% June 6 78 Feb 24
103% June 5 117 Apr. 27
112% Apr. 30
102% Apr.
145% Feb. 1
138 Apr.
114% Jan. 27
103% Apr.
14% Jan. 10
11% Apr.
29% Mar. 31 38% Jan. 6
42 Apr. 30
32% Apr.
Ï 10% M ay 1
102% Apr.
53% Feb. 16
-42% Apr.
17 Mar. 21 25% Jan. 9
123% Apr. 3 133% Jan. 30
15% Apr. 2 23 Jan. 6
44 Mur. 24 i 55 Jan. 28
8% Mar. 22 10% Jan. 12
55 Mar. 22 65 Feb. 23
17% Apr. 2 *24% M ay 14
84 Mar. 22 i 88% Jam 10
26% June 2 *46% Jam 3
7% Mar. 20 11% Aj»r. 30
114 Mar. 5 123 M ay 1
9% Mar. 28 14 Jam 20
27% Jan. 16 37% M ay 1
12% Mar. 22 16 Jam 30
40% Apr. 2 47% Apr. 30
85% Apr. 2 95% Jam 9
87% Apr. 2 93% June 7
50% Apr. 2 64% Jam 9
30 Apr. 1>- 39 Jam 10
83% Apr. 3 98 A pr. 27
72 Apr. 2 87% Jam 9
50 Mar. 27 80 Jam 10
83 Mar. 27 104% Jam ' 5
9% Apr. 30
3% Mar- 28
11 Mar. 23 18% Apr. 30
11 Apr. 19 18% Jam 5
69% M ay 29 89% Jam 3
6% Mar. 29 ¡1 3 % Jam 27
71 Apr. 2 80 Jam 9
L02% Apr. 2 108% Apr. 30
12% Mar. 31 17% Jam 27
63 Apr. 2 73 Jam 27
28 Mar. 31 37 Jam 30
22% Mar. 9 29% Jam 9
53 Mar. 22 65% Jam 10
29% Mar. 22 46 Apr. 30
14% Mar. 10 18% Jam 9
9% Apr. 26
7% Mar. 28
26 Apr. 2 33% Jam 30
15% Mar. 24 19% Apr. 30
41% Mar. 31 49% M ay 1
19 % Apr. 3 26% May 4
42% Mar. 31 54% May 7
17% Mar. 27 25 Jam 31
17% Apr. 2 26% M ay 7
15% Apr. 2 23 Jan. 11
51% Apr. 2 67% Feb. 18
19 Apr. 2 26% M ay 3
55 Jan. 6 69% Feb. 23
82% Feb. 13 92 Apr. 27
24 Mar. 27 36% Jam 5
63 Apr. 2 73% Jam 30
L05% Apr. 3 116 Jam 16
43 Mar. 29 62% Jam 3
89 Mar. 29 105 Jan. 28
94 Apr. 2 114% Jan. 23
1 8 78 June 6 22% M ay 10
48 Apr. 2 58% Jam 3
12 Mar. 27 16 Jam 3
21 Mar. 24 30 M ay 1
44% Jan. 3 57% A pr. 30
300
46% 46% *45
48
46%
*45
*45
47
221
19% 19%
*19
22
19
19
20
20
128%
1283
4
14,700
128% 1 2 s%
127% 128%
128% 128%
17
17
10 0
18
*17
17% *17
*17
18
44% 45%
1,170
48
47% 47% *47
*47% 48% *47
*47%
Do
1
0
%
2
00
9%
1
0
*9%
1
0
*9%
*9%
10
*9%
10
*9%
9%
62% 62%
61
400
61%
62
*59
61
61
*59
61
61
*59
Do
1st p]
*
2
2
23
2
2
%
23
550
2
2
%
2
2
%
*22
23
*22
23
23
*22
Do
2d pr
*85
*85
87
87
*85
88
87
*85
E vansville & Terre Haute.
27
27
27%
1,500
27
27% 27%
27%
26% 27% 27
26% 26%
*8 %
9%
*8 %
9%
*8%
9%
* 8 % 10
10
*9
119
119
*118%
119%
510
118%
*118
l118
119
118%
118%
119 119
Illinois Central................
*1 0 % 1 2
1 2 % *1 0 % 1 2
*10% 12 *10% 12 * 1 0
*10% 12
Ind. Bloom. & West.......
*32
35
10 0
*32
35
*32
35
35
32% 32% *32
Kingston & P em broke...
14% 14%
14% 14%
1,10 0
14% 14%
15
15
*14
15
15
*14
Lake E rie & W estern—
42%
43
43%
42%
.
3,350
42%
42%
42%
43%
42% 43
42% 42%
Do
pref.
90% 90% 27,030
90% 9i*% 90% 91%
90% 91
90% 9L% 90% 91%
Lake Shore & Mich. Southern.
9334 93%
93
93
648
93% 93%
93% 93%
93% 93%
*91% 93%
L ong Island.............................
53% 54
53%
54%
18,800
52%
53%
52%
53%
53%
53%
52%
53%
Louisville & Nashville...........
*34
37
200
35
35
*32
38
40
36% 36% *30
40
*30
Louis. New Alb. & C hicago..
91
89% 90% *89
708
90
89% 89%
90
90% 90%
91
Manhattan Elevated, con sol.. *89
2
00
78% 78%
78
78
79
*78
M ichigan Central..............
*50
60
*50
60
*50
60
60
*50
59
55
60
*55
Mil. Lake Shore & W est..
90
87%
87%
*87
1
0
0
91
*87
90
r84 90 *85
*86
91
Do
p r e f..
*4%
*4%
10 0
5%
7
5% , * 4
5%
*5
8
8
*5
M inneapolis & St. L o u is..
1
1
*
1
1
1
1
1
0
0
* 11
12
15
'12 ...... *11
15
*n
Do
p r e f ..
11
1 1 %
12
12
2,683
12
12
12
12 % 12% 12%
12% 12%
Missouri Kansas & Texas
70% 28,894
70% 70% 70
69% 70%
70%
70
69% 70%
69% 70%
Missouri P acific................
*7
1
0
1
0
*7
*7
1
0
10
*7
*8
10
10
*8
M obile & Ohio...................
500
76% 76% *75% 76%
*75% 76%
76
75%
76
75% *74
*74
1,214
105% 105%
105 105% 105 105
105 105
New Y ork Central & Hudson 105 105
14
14%
14
5
14% *14
14% *14
14% *14
14% *14
New Y ork Chic. & St. L o u is... *14
*64
*64
66
66
10
*64
66
t>6
*64
66
*64
65
65
Do
1st pref.
29
10 0
*28
*28% 29
28
28
29%
29
*28
29% *28
Do
2d p ref.. *28
24% 24% 15,110
24% 24%
24
24%
24% 24%
24% 24%
New York Lake Erie & West’n 23% 24%
500
55% 56
54% 54% *54% 56%
55
Do
p ref. *54
37% 34,715
37%
37%
36%
36%
37%
36%
37%
36% 36%
35% 36%
N ew Y ork & N ew England___
15% 15%
350
15% 15% *15% 15%
*15% 16
*15% 16
New Y ork Ontario & 'West___ *15% 16
*8 %
8%
*8 %
8%
*8 %
8%
8%
*8%
*8 %
8%
8%
*8%
New Y ork Susq, & W estern...
29
29
725
28% 29
29
29
29
29
*29
29%
30
Do
pref. *29
207
18
*16
18
18
*16
18
18
16% 16% *16
18%
*17
N orfolk & W estern.........
46% 46%
3,005
46% 47
45% 46
46%
46% 46% 46
46
46
Do
pref.
23%
23%
3,122
23%
23%
23%
23%
24
24
22% 23%
23
*22
N orthem P acific.............
51% 51% 26,987
51% 51%
50% 51%
50% 51%
50% 51%
49% 50%
Do
p re f.......
500
18% 19
20% 20%
20
20
20
*19
Ohio & Mississippi.........
23% 23% 10,420
23%
24
23%
23%
24%
23%
23%
24
23
22%
Oregon & Trans-Continental..
18%
875
19
18%
18%
18% *17% 18%
18
Peoria Decatur & Evansville. *17% 18% *17% 18%
59% 60% 152,575
59% 60%
59% 60%
59% 61%
59% 60%
59% 60%
Philadelphia & Reading
22% 22%
7,375
2 2 % 23
22% 22%
22% 23
22% 23%
Richm ond & W est P ’ t Terminal 22% 23
400
6
6
66
6
6
6
6
*65
6
6
%
*65
66%
66%
*63
Do
p ref.
90
90
186
90
*89
*89
91
90
90
90
90
90
Rom e W atertown & Ogdensb’g *
*28
29
29
29
*28
29
*28
*28
29
*28
St. Louis & San Francisco.......
1,2 2 1
65% 6 6 % 65% 65%
65% 65%
66
*65
66
66% 66% *65
Do
pref.
10 0
115
L15 *114 115
115 115 *114 Lid
Do
1st p ref. *113% 114% '113 115
*50
200
53
*50
53
53
53
54
54
St. Paul & D uluth.....................
400
*
9
9
100
1
0
0
1
0
0
100%
101
102
Do
p re f........... "101
645
101%102 102% 102% 1 0 1 % 1 0 1 % *101 L02 1 0 1 % 1 0 1 %
St. PaulM inneap. & Manitoba. *101 102
3,754
19% 19%
19% 19%
195g 1878 19
19% 195(3 19
20
20
Texas & P acific..........................
54% 54% 75,495
54% 55%
5378 54%
54% 55% 54% 55%
53% 54%
U nion P acific.............................
440
*12% 13
*12
13
13
13
12% 12% 12% 13
Wabash St.L. & P acific............ *12% 13%
400
*22% 23
23
23
23% 23% *22% 23%
23% 23%
23%
Do
p ref......... . *23
570
50%
51%
52%
52%
51%
51%
*51
52
52% *51% 52%
Wheeling & Lake Erie, p r e f.. *51
m is c e lla n e o u s S to ck s.
400 30% Apr.
*33% 34%
31% 33%
33% 33%
Colorado Coal <&Iron ................ *32% 33%
72%
328 68% Mar.
72% 72% *72
*71% 72%
72
72% 72
Consolidated Gas Co............... *72
.03 Jan.
2,319
109
109
10d%
109%
108
5g
1
0
8
5
g
108% 107% 108%
Delaware <fc Hudson Canal___ 108% 108% 108%
2,165 45 Mar.
54% 57
54
54%
53% 53%
53% 53%
53% 53%
54
Oregon Im provem ent C o......... *53
84% Apr.
94%
495
94%
94%
*
9
3
%
93
93%
93% 93%
*93% 94%
94
Oregon Railw ay & Nav. C o ... *93
2,850 28% Apr.
33% 33%
34
34% 3 4
33
32% 32%
32% 33%
Pacific M ail.................................
90
May
620
*90% 93
9 1 92
94
Philadelphia Co., N a t Gas___ *91
5,930 135% Apr.
150 151% 151% 1515s 151 151
149 151
147% 149
Pullm an Palace Car Co........... 147 147
70%
Apr.
18,885
75%
755g|
75%
76%
'
76%
765g
75%
75
75% 75% 75%
Western Union T e le g ra p h ....
E x p re ss S to ck s.
10
137
Apr.
12
142
142
‘
138
138 142 *138 142 *138
140 140
A d am s....................................; . . *138 142
1671106% Mar. 22
110 110 *109 111 *109 110% 110 110
Am erican.................................... 109% 109% 109% 110
1
3
5
1
67
Jan.
4
71% 71%
72
72
72
72
73
*71
72
72
United States......... .......... ..
71% 72
27 128 Jan. 19
135 137%
135% 135% *135 138
132 138
*132 138
*132 138
I n a c tiv e S to ck s.
227, 70 Jan. 12
71% 72% 71% 71% 72% 72%
72
A m erican Tel. & Cable Co,
500 85% June 6
85% 85%
A tchison Top. & Santa Fe.
100 135 Jan. 9
*135
137
‘135
137
135
138
*135
136
136
Chicago & A lto n ............ .
138
150 40 Mar. 19
40% 40%
*40
41
*40
*40 ......... *40 . . . .
41
Chicago <&East. Illinois...
100' 89% Mar. 2
89%
89%
*89%
90%
*
8
9
%
.........
*
8
9
%
.........
90%
Do
p re f______ *89%
700
2 June
*2
3
2% 2%
2
2%
2%
3%
*2%
Cincinnati Wash. & Baltimore.
3%
400
4% June
*4%
5
4%
4%
4%
4%
4%
5%
*4%
5%
Do
pref.
3 1 5 1 5 3 Jan.
159 159
15*% 158% *158
1 5 7 % .........*157%
Cleveland & P ittsbu rg....... .'. *15-%
13% Mar.
*14% 14%
14%
14% *14
M exican C entral....................... *14% 14% *14% 14%' *14
135 Jan.
143 143
Morris & E ssex..........................
215
Jan.
224
2
¿4
*221
221%
224
*221
*221 225 I 221 221
N. Y. New H aven & H a rt....... * 2 ¿ í 223
10 Mar. 22
13
*10
*10
12
*10
13
*10
13
*10
13
Ohio Southern..... ................. .. *10% 13
13%
Mar. 26
100
23% 23%' ..................
Oregon Short Line...................
186 151 Jan. 5
154 154 *153%
*153% 155
154 154 ,*154 .......
Pitts. Ft. Wayne & C hic.......... *153% 160
Mar.
19
9
10
*9
*9
10
l<t
*9
10%'
*9
10
*9
Quicksilver Mining Co .......
33 Mar. 31
36
*35
*35
37
*35
37 I *35
36
36
Bo.
p r e f ....... *35
Mar.
27
35
900
41%
*39%
42
*40
41
45
40% 40% 40%
41
St. Louis Alt. & Terre Haute . 40% 40%
296 11 Apr. 3
11% 12
St. Louis Ark. & T e x a s.......... . *11% 12%
7% Apr. 26
8
*6
*6
*6
8
8
South C arolin a..........................
100 17 Mar. 22
19% 19%
20
■Columbus & Hocking C oal___ *19
10
Mar. 16
12
12
*9
*9
*9
12
*9
12
*9
12
12
N ew Central Coal . . . . . . . . .
*9
3,850 24% Apr. 2
29
*28
26% 27%
27% 29
26% 26%
*25% 26%
Tennessee Coal & I r o n ........... *25% 27
V a r i o u s S t o c k s , A c . (Uni fated.)
34% 34%
33% 34%
33
33%
32% 32% 32% 33%
A m er. Cotton Oil T ru st...........
33% 32%
77% 80% 77% 79%
78% 81
P ipe Line C ertificates} . . . . .
77% 79% ' 77% 80% 77% 80
* Tini nnn
KrttVl ITv/tVl On (Tûa
* These are the prices bid and asked; no qo.Ia w oa mari a at thAR oard .
*
Highest.
38%
78
112
57
97
38%
106%
151%
79%
Feb.
Jam
Jam
June
M ay
M ay
Feb.
June
Feb.
17
18
30
8
2
1
15
7
24
145
110%
75%
139%
Jam 23
Apr. 26
Apr. 24
M ay
7
75 Feb. 10
99% Feb. 20
140% Feb. 10
43% Jam 3 0
94% Jam 26
4% Jam 9
6% Feb. 24
159% Apr. 25
16% Apr. 23 „
143 June 8
224
June 6
13 Apr. 20
25% M ay 4
155 M ay 14
13% Jam 1W
38% Jam 10
42 June 7 «
16% Jam 16
9% Jam 27
30 Jan. 9
14% Jam 24
32% Jam 30
100
Mar
ft-
732
THE
C
H O N IC L E
[Y o l.
xLvr
BONDS—LATEST PRICES OF ACTIVE BONDS AT N .I . STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 188S
Railroad Bonds.
Closing.
June 1 June 8
Range since Jan. 1.
Lowest.
Highest.
Closing.
Railroad Bonds.
June 1 J une 8l
Range since Jan. 1.
Lowest.
Highest.
A O . & Pac.—W. D. ino., 0s, 1910 20 b 20 b, 19 Apr.
27% Jan.’
118 b 118% M ay 1213* A pr.
Mil. Lk.Sh. & W.—1st, 0s, 1921.
80 J an.
Guar., 4s, 1 9 3 7 ....__________ 83%b 83%
84 May
Ashland Div.—1st, 0s, 1925. .
113% Mar 117% Jan.
Can. South.—1st guar., 5s, 1908 108 b. 108% 105 Mar. 108% May
108 b 105% Jafi. I l l
Miiw. A Nor.—M. L., 6s. 19 1 0 .. 108
M ar,
92
89% Mar. 94% Jan.
2d, 5s, 1913...........................
105 b 104% Jan. 108% F eb.
E xtension, 1st, 6s, 1 9 13......... 105
C entral of N. J.—1st, 7s, 1890. 107 b. 107%b. 104% Eeb. 108% Jan.
Minn. & St. L.—1st, 7s, 1 9 2 7 .... 9038b,
102 Feb. 110 Jan.
120
120
a.
111%
Jan.
12 0
June
Consol. 7 s, 1 8 9 9 . . . .........
Imp. & Equip.—6s, 1 9 2 2 .........
50% May
59 F eb.
Convert. 7s, 1902..................... 1201ab. 122 b 115 Jan. 123% Apr.
60%
Mo. K .& T ex.—Con., 6s, 1920... 623s
59% June 73% Jan.
Convert, deb. 6s, 1 9 0 8 ... .... 105 b. 105 b 102 Feb. J04 Ai>r.
Consol., 5s, 1920....................... 55
52 b. 50% Mar. 63% Jan.
General m ort., 5s, 1987........ 105% 106%
98 Jan. 1< 6 % June
96
Consol., 7s, 1904-5-6....... .......... 96
90 Mar. 106% Jan.
L eh. & W .B.,oon.7s, 1909,as’nt 1121*0. 113%b 112% Apr. 114% Feb.
112 b 108% Jan. 116 Jan.
Mobile <fe Ohio—New, 6s, 1 9 2 7 ..
Ann. Dock A Im p., 5s, 1921. .. 106 b. 107 b, 101% Jan. 107% Máy
1st, Extension, 6s, 1927..........
105% Jan. 105% Ja n ,
116%b
1
1
5
34
b
.
Central Pacific—gold 6s, 18 98..
113% Jan. 116% June
1st pref. debentures, 7 s ........... 47 b. 47 %b, 43 Mar. 51 F eb.
Ban Joaquin B r . 68.1900
113% Apr. 115% Feb.
92 b. 84% Jan.
Mutual Un. Tele.—8. f., 6s, 1911 93
93% F eb .
102%b.
L a n d grant 6s. 1890.......
100 Apr. 103% Jan.
Nash. Ch. & St. L.—1st, 7s, 1913 130 b 130 b. 128% Jan. 130% M an
102 b. 102
M ort. 6s, 19 36.................
101% Apr. 1(14*8 Mar.
¡
04%b,
105
b. L03 May. 106% Mar.
N .Y. Central—E xtend., 5s, 1893
Ches. & O.—Pur. m. fund 6s, ’ 98 113 a. 110
105% Feb. 114% Feb.
135% 132% Jan. 135% J u n e
N .Y .C .& H .—1st, op., 7s, 1903 135
6s, gold, ser. B .19 08, coup, ofi
66
62% Mar. 70% Feb.
Debenture, 5s, 1 9 04.............. 110%b 110
103% Apr. 111 Feb.
E xten. coup., 4s, 1 9 8 6 ... ..
66
62 Apr. 70% Feb.
N.Y.& H ar.—1st, 7s, 1900....... 1 2 8 b,
127% May 133 Jan.
17 b, 16 b 16% Apr.
6s* currency, 1 9 1 8 ....... .
28 Feb.
91%
N.Y.Chio.&8t.L.—1st, 4s, 1 9 3 7 .. 90%
86% Jan.
91% J u n e
102 % 103%b 90% Jan. 1023* May
M ort. 6s, 1911.......................
N.Y. Elevated—1st, 7s, 1 9 0 6 .... 117 b 117 %b. 114 Mar. 118 Ju n e
l(>6%b 103% Mar. 108% Jan. N. Y. Lack. & W.—1st, 6s, 1921. 131 %b, 132 a. 127 Jan. 131% J u n e
Ches. O. & So. W.—5-6s, 1911
Chlc.Bur. & N o r .-l8 t .5 s , 1926. 100i4b. 100 *«b 98 Apr. 103 Jan.
Construction, 5s, 1923............ 1 1 0 %b, 110 %b, 107% Jan. 110% M ay
Chic. Burl. & Q.—Con. 7s, 1903. 133 b. 133% 129% Jan. 133% June N. Y. & Nor.—1st, 5s, 19 27....... 107%
102% Jan. 108 M a y
106 b. 107 a, Ì0 4 M ay 107% Feb.
Debenture 5s, 1913 . . . .
N. Y . Ont. & W.—1st. 6s. 19 14.. 1 1 2 %b. 112%b. 109 Jan. 114% M ay
94 a.
D en ver D ivis., 4s, 1922.
91 Mar. 95 Jan.
93%
N.Y.Sus.&W.—1st ref., 5s, 1937. 92
90 Mar. 93% Ju n e
Chic. & East. Ill - Con. 6s, 1934 1151« 115 b 113 Jan. 117% Feb.
Midland o f N. J.—1st, 6s. 1910 113% , 113% 109 Apr. 114 M ar.
Chic. & Ind. Coal R ., 1st, 5s, ’36 98 %b. 99 b 96 Apr. 100% May
N. O. Pacific—1st, 6s, 1920. . . . .
75
Mar. 83% Apr.
Ch.Mil.& St.P—ls t,I .& M .7 s ,’ 97 117 b. 117 b 114% Jan. 119 Apr.
Norfolk & W est.-G e n ., 6s, 1931 118 b. 118%!>, 112% Jan. 118 Mar.
Consol. 7 8 ,1 9 0 5 ....................... 126iüb. 125%b 123% Jan. 128 May
North.Paciflc—1st,coup.,6s, ’ 21 119 b. 118% 115% Jan. 119% J u n e
11112b 110% Apr. 114 Feb.
1st, So. Min. Div —6s, 1910... 112
Gen’l, 2d, coup., 1933.............. 106*8 106%
102 Jan. 106% M ay
1st, Chi. & Pac.W .D lv—5s, '21 104% 105% 101% Jan. 105% M ay
90
Gen’l 3d, coup. 6s, 1937.......... 89%
89% May
93 M ay
Wis. & Min. D iv .-5 s , 1921
IM
100 Jan. 104 M ay
105 a. 99% Jan. 105 M ay
N. Pac.Ter.Co.—1st, 6s, 1 9 3 3 ... 105
104 %a, 100 Jan. 102% Mav
Term inal 5s, 1914...............
Ohio & Miss.—ConsoL, 7s, 1898. 118%a. 117 b. 114% Jan. 117% M a y
141 b, 139% Jan. p
Chie. & N. W.—Consol. 7s, 1915 141
Jan.
2d, consol., 7s, 1911.................
116 Apr. 118% Mar
G old, 7s, 1902.................
12812a, 1 2 8 b, 128 June 132% M ay
102
Ohio Southern—1st, 6s, 1921__ 102
99% Jan. 106% M a y
Sinking fu n d 6 s, 19 29....
119 b
118% Apr. 121 Feb.
2 d ,in c .,6 s ,1 9 2 1 ............. ......... 35 a. 35
29 Mar. 40 A p r.
Sinking fund 5s, 1 9 2 9 ...
108 b,
106 Apr. I l l
Feb.
Omaha & St. L .—1st, 4s, 19 37.. 71%b. 72 %a. 70 Mar. 76 Jan.
Sinking fund debent. 5s, 1933 109 b 108 %b 107 May. I l l
Apr.
Oregon Impr. Co.—1st, 6s, 1910 100%b. 01 %
94% Jan. 105 M ay
25-year debent. 5s, 1 9 0 9 ...... 105 b 105% 104 May. 106% Apr.
Ore. R. & Nav. Co.—1st, 6s, 1909 112 a. l l l % b . 108% Feb. 113 M ay
E xtension 4s, 1926................... *6 b
91% Mar. 97% M ay
Consol., 5s, 1925............. ......... 101% 102
96% Jan. 104 M ay
Chi. R. 1. & Pac.—6 s, coup. 1917 13314b. 132%b 130% Apr. 133% Feb.
Oregon & Transcon.—6s, 19 22.. 97 b. 97%
93 Jan.
99% A pr.
E xten. & col. 5s, 1934............ . 107% 107 % 104 Mar. 108 May
,1 0 9 b. 106 Jan. 112 Ju n e
Peo. Dec. & Evans.—1st, 6s. ’ 20. I l l
Ch. St.P. ,M. A O.—Con sol. 6s, ’ 30 120
119 b 119% Jai>. 123% May
Evansv. D iv— 1st, 6s, 1 9 2 0 ... 108
102
Mar.
107
M ay
Ch:St.L.& Pitts.—ls t ,c o n .5 s ,’ 32 97 b 97 b 97 M ay 100% Jan.
2d mort., 5s, 1927..................... 681 . 70 a. 69 M ay
75 % A p r.
C. C. C. A Ind.—Consol. 7s, 1914
1 3 a 123 Jan. 129 Feb.
54 b. 51 Apr.
R ich & All.—1st, 7s, 1920, tr. rec 54
59%
Jan.
Gen. 6s, 1 9 3 4 ...................... .
112 b 107% Jan. 113 May Richm . & Dan.—Cons., 6s, 1915 l151
115 b. 109 Jan. 115% M ay
Col. Coal & Iron—1st, 6s, 1900. 105 b. 105 b 100 Jan. I 0 6 May
Roch. & Pitts.—1st, 6s, 1 9 2 1 ... 118
116
Mar.
118
Feb.
Col. H. Val. A Tol.—Con. 5s, ’31 63%b. 7"% b. 63 Mar. 73% Jan.
115 b. 113 Jan. 117% M a y
Consol., 6s, 1922....................... 113S
Gen. gold, 6s, 1904..... ............ . 67 b. 67%b, 63 Mar.
75 Jan.
Rom e W. & Ogd.—1st, 7s, 1891. 107%b.
107 Jan. 110% M á y
D enver & R io Gr.—1st, 7s, 1900 119 b. 119 b. 118% May 121% Mar.
Consol., ¿xten d., 5s, 1922___ _ 105 %t 106%b. 100*8 Apr. 106% Ju ne
,1st con. 4s, 1936 ...................... 70%
78
75 Mar. 79% Jan.
S t Jo. A G d .I s l— 1 s t ,6s, 1925 . 102% 102%b. 98 Jan. 103% M ay
D en. & R . Gr. IV .- 1st, 6s, 1911. 71 b. 71 b 71 Jan.
73 Feb.
2d, incom e, 5s, 1 9 2 5 ...............
39 b. 40 M ay
41 Jan.
Assented................................ .
63 b 63 b. 60 M ar. 6 8 % Jan.
St. L. Alt.& T.H .—1st, 7s, 1894. il4 % b .
112% Feb. 114% M ay
Den. So. Pk. & P ac.—1st, 7s, ’ 05 76i2a.
76% May
81 Apr.
2d, M., pref., 7s, 1 8 94..............
108 b. 108 Feb. 110% Jan.
Det.M ac.& M.—L d.gr.3% s,1911 34 a. 34 %a, 34 May
43 Jan.
2d., M., ino., 7s, 1894...............
:103 Jan. 105 A pr.
E .T en.V . & G. R y.—Con.,5s, ’56 1< 2% 102 %
95% Jan. 103 Apr.
D ividend bds, 6s, 1 8 9 4 ............ 39 a. 39 b 35 Apr. 40% Ju ne
E liz. L ex. & B. Sandy —6s, 1902. 9912a. 99
96 Mar. 104 Jan.
St. L. Ark. & T ex.—1st, 6s, 1936
98%
98 Jan. 104% Feb.
Erie—1st. consol, gold, 7s, 1920 13412b. 135 b. 132% Mar. 137% Feb.
2d, 6s, 1936............................... 37 b. 37 b 38 Mar. 48% Jan.
L ong D ock, 7s, 1 8 9 3 ................ I l l b. I l l b, I l l Jan. 1 J5 Apr.
St. L. & Ir. Mt.—1st, 7s, 1 8 9 2 ... 109 b. 109% 106% Mar. 111% Jan.
Con. 68 .193 5...................... 118 a. 1 lò%b. 115 Apr. 1 1 8
Mar.
2d rnprt., 7s, 1 8 9 7 ... .._______ 105 b. 105 b l o ö is M ay 112 Jan.
E.Y.L.E.& W —2d con. 6s, 1969 93
94%
93 May
8 9 78 Jen.
Cairo & F ulton—1st, 7s, l89 1 104 1>. 104%b 103% Apr. 105% Jan.
F t. W. A Denv. C. -1 s t , 6s, 1921 83
83%
77% Apr.
89% May
Gen. R y. & land gr., 5s, 1931. 80
81%
80 Apr.
92% Jan.
GaLBar.A San.Ant.—list, 6s, ’ 10 106 b. 106 b 101% Feb. 106% May
St. L. & San Fr.—6s., Cl. A , 1906
16 b 113% Jan. 118 Jan.
2d M., 7s, 1 9 0 5 ......................... 100 b. 103 b. 98 A pr. 105% Jan.
6s, Class B, 1 9 06....................... 115 b. 116 b 115% Jan. 118% Jan.
"West. Division—1st, 5s, 1931.
90 M ar. 92% Jan.
6s, Class C, 1 9 0 6 .* .................... 115 b. 116 b 114 Jan. 118 Jan.
G r’nB.W .ASt.P.—2dinc.8s,1911 3212b. 32 b. 25 Apr.
38 Apr.
Gen’l m ort., 6s, 1 9 31....... ........ 117
117% 112% Jan. 117% J ü h e
G u lf Col.A San.Fe—let,7 e, 1909 121 % 121% 119 Jan. 122% May.
Gen’l m ort., 5s, 1931___ ....... 103%b. 104% 100% Jan. 104% M ay
Gold, 6s, 1 9 2 3 . . . . . ____ . . . . . . . 94%b. 95 a. 94% Apr. 97% Feb,
So. Pao., Mo.—1st, 6s, 1 8 8 8 ... 102%b. 10¿*sb. 100 Jan. 102% M ay
M endersonBr.Co.—1st. 6s, 1931 It 9 b. 110 a. 107% Mar. 110 Jan.
St. Paul M. & M.—1st, 7s, 1900 I............ 117 a. 112 Jan. 114% M ay
H . & Tek. C.—1st M . L. 7 s......... 119
119 b. I l l
Mar. 119 May
2d, 6s, 1909.................................H 8% b, 119 b. 116 Apr. 119 J u n e
1st, West. D., 7 s, 1 8 9 1 .. : .........I II 7 I2 117 b. 112 Feb. 1 1 8
June
1st cons., 6s, 1 9 3 3 ................... 118 b 118%b. 114 Mar. 120 Ju ne
1st,W aco & N .7s, 1903.........
110 ; 105 b. 112 Apr. 114 Feb.
Do
reduced to 4% s.. 97%
98% ! 96% Apr.
98% J u n e
2d, consol. M. L. 8s, 1 9 1 2 ..
102 F tb. 108% Jan,
M ontana E xt. 1st, 4s, 1 9 3 7 ... 84%
84%
80 Mar. 86% M ay
G e n .m ort. 6s, 1921, ir. re o ..
65 b 70 a. 65 Jan.
69 Feb.
Shenandoah Val.—1st, 7s, 1909.
85 b. 90 Jan.
95 A p r.
Ind.BL & W .—1st,pref.,7s, 1900 112%b 112 b. 110 M ay 112% Jan.
Gen’l m ort., 6s, 1921................ 30% b 30
29 Apr.
36% Jan.
le t , 5-tie, 1909, tr. r e o ..._____ 79 b 7t*%b- 80 M ay
89% Jan.
So. Carolina—1st, 6s, 1620......... l o i b 1013gb. 97 Jan. 102% Feb*
2d , 5-6s, 1909, tr. r e c________
65 Feb.
71% Jan.
2 d ,6s, 1931.............. ................. 85
75 b. 69 ja n .
87 M ay
East. D iv.—be, 1921, tr. reo..
80 May 8 8 Feb.
Ino., 6s. 1931..................... ....... 1 2 b, 14%b. 13 Apr.
18% Jan.
Incom e, 6s, 1921, tr. r e o....... 15 b.
15 Mar. 21 May. So. P ac.,C al.—1st, 6s, 1905-12..
1
1
1%
Apr.
114%
116
Mar.
Ih t. & G t.N or.—1st, 6 s ,g o ld ,’ 19 104 b. 104 b 98% May. 111% Jan.
So. Pac., N. M.—1st, 6s, 1 9 1 1 ...
107 %b. 105% Jan. 108% M ar.
Coupon, 6s, 19 09....... .............. 68 a. 66 a, 61 Apr.
7 Jan.
T ex. & Pac.—Ino. & Id gr, 7s, ’ 15 44
44 b. 41 Apr.
51%
Jan.
K ent. Centr.—Gold 4 b, 1987___ .72 b. 73 a, 69 J an.
75 Jan.
New 1st, gold, 5s, 20oO ____
9338 92 May 93% J u n e
92%
K n oxv . A O.—1st, 6s, gold, 1925 98 a. 98
»9 % Jan.
88 A p r .
New 2d, gold, inc., 5s, 2 0 0 0 .. 39%
39*8
38% June 413s May
L . Erie & W.—1st g., 5s, 1 9 3 7 .. 107% 107%a, 101% Jan. 110 May. Toi. A .A . & N. M.—1st, 6s, 1924. 99
99%
85 Jan. 104 M ay
LakeSh.—C on.coup.,lst,7s,1900 127 b. 128 '
1 25
Feb. 128 June T ol.A .A . A Gr.Tr.—1st, 6s, 1921 106 b. 106%b. 101 Jan; 107% M ay
Con. coup., 2d, 7s, 19 03......... 123% 122%b, 122% Jan. 126% May
Tol. & Ohio Cent.—1st, 5s, 1935 99%b. 99 %b. 93 Jan. 100 M ay
Long Island—1st, 7s, 1898....... 12c %b. 120% b, 119% May. 122 Apr.
T ol.S t.L .* Kan. C.—1st,6s, 1916 87 b.
91% Jan.
94 Feb.
1st, consol., 5s, 1931...............
115 b, i l l
Jan. 1*4 May
Union P acific—1st, 6s, 1899___ 116%b. l l « % b . 114 Jan. 117% J u n e
L ou. & Nash.—( onsol., 7s, 1898 117%b.
116% Apr. 123 Feb.
Land grant, 7s, 1887-9....... . 101%b. 1 0 1 %b. 100% Apr. 104% Mar.
N. O. & Mobile—lBt, 6s, 1930. 114 b. Ì14*’b 108% Jan. 114% Apr.
Sinking fund, 8s, 1 8 9 3 ..___ J. 120 %b. I i 0 %b. 113% Apr. 121% M ay
2d, 6s, 1 9 3 0 ......................
98 b. 99%b. 96"% Jan. 100 May
Kan. Pacific—-1st, 6s, 1 8 9 5 .... I l l b. 1 1 b. lo 9 % Feb. 112% Jan.
E . H. & N.—1st, 6 6 ,191 9......... 113 b 114 b. 114 Feb. 115 Apr.,
1st, 6s, 1896........................... 109 b. 109 b. 109% Feb. 1 1 2
M ay
General, 6s, 1930..............
111% I l l b. 109% Jan. 115 May
Denver D iv.—6s, 1 8 9 9 . . . . . . 112%b. 1 13%b. 112% M ay 116 Apr.
Trust Fonds, 6s, 1922..........Û• 109% 108%b 1,06% Mar. 110% May
1st consol, 6s, 1919 . . . . . . . . j 109 a. 108 b. 101% Jan. 110% M ay
1 0 -4 0 ,6 s ,1 9 2 4 ..___ ...............
1,04 Feb. , 104 Feÿ.
Oregon Sh- Lino -1 st, 6s, ’ 22.. j108
108
100 Fêb. 109 M ay
50-year 5s, 1 9 3 7 ... ............. .* 101
101 a. 99% Mar. 1Ö238 Apr.
Virginia MidL—Gen. m., 5s, 1936 80
80 %a. 78 Jäh. , 82 F eb.
Lou. N. A . A C h .- 1st, 6s, 1910. 114
112 b. 107% A pr. 115 June
Wab. 8t.-L. <fc P ac.-G en .,-6s, ’ 20
37 A p r, 47 Jan.
Consol., gold, bs, 1916............
92
91
¿7 % Apr.
93 Jan.'
Chicago Divison—5s, 1 9 10___
93 Jan,, i 98% F eb.
M em. & C h’letón—6s, gold, 1924 100 b. 103%b. 100 Jan. 105 , May
Wabash—M ortgage, 7s, 1 9 0 9 ..
90 Ja n .
84 Feb.
M etro. Elevated.—1st, 6s, 1908. 113
I I 2 b. lo 8 % Mar. 117 ' M ay’
Tol.
&
Wab.—1st,
h
it;,'
7
s
,’90
110%b.
I
l
l
b.
107
A p r .. 109 Jan.
, 2d, 6s, 1 8 9 9 ......... ...... ............ . K 4%b. 106 a. 102 Jan. 107% Apr.
- 1st, St. L .D iv .. 7 8 ,1 8 8 9 .-..;: 1« 9%b¡ 110 b. 107% A p r, 110 M a y
M ich. Central—1st, con., 7s, ’02 126
126 .to. 126 May. l3 0 Feb.
2d, éxtended, 7s, 1893.
85 b.
85 Apr. 91 Feb.
Consol. 5s, 1 9 0 2 ..................... . 108 b.
i 07% May. 110% Jan.
Con.jConv., 7s, 1907___ . . . .
88% Feb.
83 Jan.
M iss’riP a c.—1st, cons., 6s,1920 108% 109 . 1 0 7 . Mar. i l 3 % J a n j
Great
West.—1st,
7s,
1
8
8
8
....
110
b.
105%
Apr.. 11,1 M ay
110%b.
8 d ,7 s, 1 9 0 6 . . . . . . . . . . . . . . . . . .
417 a. X l7 ,l> . 115 Ja n .’ 1-Ï8 Feb.
2d, 78*1893........................... 85* b.
82 Apr. 90* Jäh.
P ac. o f Mo.—1st, 6s, 1888___ j •10238 102% 100% Feb. j 103% Jan.
West Shore—Guar., 4 s____ ____ 103%
99% Jan. 103% j q n e
103*8
, 2d m ort.. 7s. 1 8 9 1 ....
J07%bi
104 Jan. 1.08 May
Wheel. & Lake E.—1st, 5s, 1926 99%a. 99
94% J^,n. 100% M ay
N o ik The letter “ b” indicates price bid, and “ ft” price as Iced ; aril oche ; prieea and Cue range a-a iron, aacaalsales.
S T A T E BONDS.
SECURITIES.
Bid:
Ask.
S E C U R IT IE S ..-
A labam a Class A 3 to 5 ........1906 105% 106% Missouri—6 s .....d u e 1889 or 1890
Class B , 5 s . . . . . . . ................ 1906
Asylum or U niversity, due 1892
^*2
Class C, 4s.............................. 1906 Ï0Ô"
Funding........................1894-1895
6s, 10-20.................................. 1900 103%
New Y ork—6s, lo a n ...'...........1892
Arkam-ae—6s, fu n d ed.. 1899-1900
11
7
6s, loan ....................................1893
7s, Little R ock & Fort Sm ith.iss, 10
North ^Carolina—6s, old ............ J&J
7s, Memphis & Little R ock, iss..
10
Funding a c t........................ .i.1900
7 s, Arkansas Central R K _____
12
New bonds, J. & J . . . . 1892-1898
Georgia—7s, g old ......................189Ó 104% 107
Chatham B R * ............ ________ _
L o u isia n a —7 s, c o n s . . . . ............1 9 1 4 100 ,
Special tax, Class 1 . . . . . . . . . . . . . .
'Stam ped, 4 s. . .
90%
Consolidated 4 s....... ............ 1910
Michigan—7s........ ................. ..1 8 9 0 105 I
6 8 * ; . . . . . . . . ^ .................... ...1 9 1 9
Bid.
Ask.
103%
.105 . . . . . .
107
10‘9
no
35
10
20
,
9
94
119
8
11
95
122
SECURITIES.
Bid,
A sk
Rhode Island—6s, eou .. 1893-1894 108 a
South Carolina—68, non-fund. 1888
3% » 4 Brown consolidated 6 s . , . ..1 893 106 1 0 8 %
Tennessee—6s, old, 1 ....1 8 9 2 -1 8 9 8
62 - 6 4
Compromise, 3-4-5-6sV ......191 2! iSgi 7 2 %
New settlement—6s....... ...... 1913 1Ö4 , 1 0 6 %
-o s ........
..................... 1913
96 100
3 s ......... . . t . . . . . . . . . . . ....1 9 1 3
71
71%
Virginia—6s, old .................................
48
6s, consolidated b'm ids..^.. . . . . . .
70
6s, consolidated, 2d s e r ie s .......
50
68. deferred, trust
___ __
8 % ■9%?
THE
J une 9, 1S88.J
CH E O N IC LF,
733
BONDS—STOCK EXCHANGE QUOTATIONS ON FRIDAY OF INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Asie»
Pacific R R s.—Central P a c ific Erie—1st, extended, 7 s ...........1897 119%
Railroad Bonds.
Gold bonds, 6 s . . . . . . . . ___1895 *116%
2d, extended^ 5s .................... 1919 116
(Block Exchange Prices.)
112
108%
0 ......
Gold bonds, 6 s . . . . . . . . ___ 1896 116 ■____
3d, extended, 4%s ................ 1923
1 .........
118
G old bonds, 6s...........,....1 8 9 7 116 __ fc.
4th, extended. 5s....................1920
132
7 .......
Cal. A Oregon—Ser. B ., 6 1892 *104
1st, cons., fd. coup., 7 s . . . . . 1920
6
8 6 % 90**
Reorg., 1st Hen, 6s................ 1908
West. Pacific—Bonds. 6 s ....1 8 9 9 *115% i l 5 %
135
9 118 1 2 2 %
No. R ailway (Cal.)—1st, 6s. 1907 114
B. N. Y . «fe E.—1st, 7s...........1916
104%
5 108%
South.Pac.,Ariz.—1st 6s,1909-10 107%
N. Y . L. E. «fe W —Col. tr., 6sl9 2 2
88
3 98% *99%
Funded coup., 5s....... ........... 1969
Union P ac.—1st, 6 s .—........1896 115
4 *....... 107%
Buff, «fe 8. W.—Mortg. 6 s ..-.1908 ' 90
1st, 6 s .........
..1 8 9 7 115% 117
B rooklyn E lev.—1st,
119%
90
118
5 K.........
1st, 6 s . . . : .......
..1 898 116% 117
Evan. <fe T. H.—1st, cons., 6 s .1921
2d, 3-5s...................
6 ......... 1 0 0 %
Col. Trust, 6 s.. . . . . . . . . . . . . 1 9 0 8 104 •mrnrnmm
Mt. Vernon—1st, 6 s . . . ......... 1923
_9
94
82% Evans. <&Indian.—1st, con s.. .1926 ids’ l i b '
4 * 70
CoL Trust, 5s . . . . . . . . . . . . . 1 9 0 7
R egistered.
Eureka Springs R ’y, 1st, 6s, g.1933 100
C. Br. U. P .—F. c., 7 s ....... 1895 104 ___ um.
10 5
7 *.......
Fl’t <fc P. Marq.—Mortg., 6 s ... 1920 118
Atch. Col. A Pac.—1st, 6s. 1905
97 I 98
9 ......
Atch. J. Co. A W —1st, 68.1905 102 104
Grand Rap. & Ind.—Gen. 5 s..1924
96 ___
Ut. So.—Gen., 7 s ............. .1909
Ö . . . . . . 108
Green B. W. «&St. P.—1st, 6s. 1911 101 102
93
Extern, 1st, 7 s ...............1909
i * . . . . . . 96% Han. <&St. Jos.—Cons., 6 s .......1911 118 119%
9 ......... 80
103
Houston <fc Tex. Cent, lstrn 1. t.rec 112 113% Missouri Pac.—Trust, g.. 5 s ..1917
2 .........
113%
Verd’s V. Ind. A W ., 1st, 5s.lu2fc>
East’n Div.,
W est Div. 7s, tr. re c.................
T bs’
2 .........
10
Ler. A C’y Val. A. L .,lst,5 s.l9 2 6
2d m. 8s M. 1. tr. r e c .................
4 .........
St. Louis <fe San Francisco—
Hous. E. A W. Tex—1st, 7 s . . . 1898
1st, 6s, Pierce C. A O ....... ,1919 *105
C ent. RR. & Banking Co., Ga.—
Illinois Central
107
1
0
0
%
7
1
0
0
%
Equipment, 7s . . . . . . . . . . . . 1 8 9 5 105
Collateral gold, 5 s . . . ...........18
is t, gold, 4s. 1951. . .................
96
Ches. A O.—6s, gold, ser. A . . . 18 8 107
1st, trust, gold, 5s............. 1987 : 97
1st, gold, 3 % s ............. ; ........ 1951
Coupons o ff............................18 8 104
Kan. City A S.—1st, 6s, g.19 16
98 100
Spring!. D iv.—C oup.,..6s, . 1898
105
Ft. S. A V. B. Bg.—1st, 6s. 1910
Ches. O. «fe So. West.—2d 6 s ...IS 1 * 69
Middle D iv.—Reg., 5 s .........1921
115
3
114
St. L. K. A So. Wn.—1st, 6S.1916 102 1 0 7 %
C hicago <fe A lton—1st, 7 s . ___ 18
C. St. L. «& N. O —Ten. L ,7 s .1897
120
3 122%
Tex. A P a c „E .D iv .—1st, 6s 1905 109
1st, consol., 7 s ....................1897
9 120
2d, 6s............ , ......................1907
Pennsylvania RR.—
9 117
Pa. Co,’s guar, 4%s, 1 stc p . . 1921 108%
Gold, 5s, co u p o n ................ 1951 118
119
115%
103%
4 114
St. L. Jacks.&Chie.R eg istered ..^ ....................;
Pa. Co.'s 4%s, r e g . . . . . . ___ 1921
4 114
Dub. <fc S. C —2d D iv., 7 s . . . 1894 i Ï 2 ’
Pitts. C. ASt.L.—ls t,c p .,7 s . 1900 118%
*70*
3 115
Pitts. Ft. W. A C.—1st, 7 s . ..1912 *142%
Ced. Falls & Minn.—1st, 78.1907
3 115
2d, 7s..................................1 9 1 2 140 143
hdianap. D. <&Spr.—
3d, 7 s ....................................1912 132
2 107
1st, 7s, ex. fund, coupon___ 1906 102
90
1 *107
Clev. A P .—Cons., s. fd., 7s. 1900 126 1*2*7%
nd. Dec. <fc West.—M. 5 s ____1947
low a Div.4th, sink, fd., 6s.........: ___ 1892 108*4
2d M. inc. 5 s . . . . . ....................1948
9 .........
St. L. V. A T .H .—1st, g .,78.1897 *114%
.ake Shore <fe Mich. So.—
.........
2d, 7 s....... ............................ 1898
Cleve. P. <& A .—7 s ................ 1892 111%
122
2d, guar., 7 s................ .....1 8 9 8 106
7 925s 92%
Buff, «fe Er.—New bonds, 7s. 1898 1 2 1
106% Pine Creek Railway—6s o f 1932’
C hic. Burl. «& No.—Deb. 6
Kal. A W, Pigeon—1st, 7 s ... 1890 I 0 6
76
129% Pitts. A Western—1st, g .,4 s .. 1917
C h ic. R ock Isl. «fe Pac.—
Det. M. <&T.—1st, 78. . .........1906
3 85*4 87
Lake Shore—Div»-bonds, 7s. 1899 121*2 123
Pitts. Cleve. A T o l.—1st,6 s ... 1922
3 .........
125
126
Consol., reg., 1st, 7 s .........1900
Pitts. Junction—1st, 6 s ...... .1 9 2 2
Extension, 4s . . Pitts. M cK. A Y .—1st, 6s . ...1 9 3 2
Consol., reg., 2d, 7 s ...........1903 122
\ ......... 105%
Keok. <fe Des M.—Is
Pitts. Y . A Ash.—1st 5s...........1927
Mahon’g. Coal RR.—1st, 5 s .1934 105%
IMc. M. A St.P.-r- 1st,
3 127% 130
.ong Island RR.—
Rochester A Pittsburg—
IOO
2d, 7 3-1 Os, P. D . . .
3 116
N. Y . <fe M. Beach—1st, 7 s ..1897
B uff. R och.^Pitts.—Gen., 5s. 1937
2 ......... 128
1st, 7s, $ g., R. D ..
N. Y. B. <fe M. B.—1st, g., 5s. 1935
Rich. A Dan v.—D eben'ure 6s.l9 2 7
3 *113
115
Debenture, ex cou p on ..................f 85
.iOuisv. <fe Nashv.—
84%
12 0
Cecilian Branch—7 s.............1907 105
Consol, m ort., gold, 5 s ......... 1936
3 127% 130
A tl. A Char.—1st, pr., 7s___1897
Pensacola D iv.—6s_____ _ ..1 920 102
3 125
St. Louis D iv.—1st, 6 s ......... 1921 117
.
Incom es . . . . . . . . . . . . . . ____ 1900
57%
) 115 117
Rich. A W. Pt. Ter’l. Trust 6s. .1897
89%
2d, 3s..........................
1980
106
3 104
Nashv. <fc Decatur—1st, 7 s ..1900 n o
San A nt.A Arans.—1st,6s,'85-1916
104%
) 124 125
1st, 6s, 1 8 8 6 .......................... 1926
S. <fc N. Ala.—S. f., 6 s ...........1910
) .........
Louisv. C. <fc L.—6 s ....... ....1 9 3 1
Scioto Val.—1st, cons., 7 s .....1 9 1 0
96
22
) 12 1
Coupons o f f . . . . ___
Pens. <& A t.—1st, 6s, g o ld .. 1921
.........
10 1
3 10 0
St L. A L M .-A r k . Br., 1st, 7S.1895
jOU. N. O. A Tex.—1st,4 s . . . . 1934
) 10 0
104%.
2d m ort., 5s...................,¿ ...1 9 3 4
Cairo Ark. A T .—1st, 7 s ...» 1892
10 2
St. L. A lton <fe Ter. Haute—
fexican Cent.—New, ass., 4 s .1911
[ .........
20
B ellev. A So. 111.—1st, 8s. ..1 8 9 6
Incom e, 3 s..............
1911
3* 90
lichigan Cent.—6 s........ ......... 1909 120 122
Bellev. A Car.—1st, 6s ......1 9 2 3
13% St. Louis A Chic.—1st, con. 6s. 1927
96%
3 96
Coupon, 5s . . . . . . . . . . . . . . . . . . 1 9 3 1 113
112
C hicago & Northwestern—
St.
P.Minn. A M —D a k .E it .,6 s .l9 17 115
Registered, 5s......... ...............1931
L 112
Escanaba «fe L. S.—1st, 6s
Jack. Lan. <fe Sag.—6s ......1 8 9 1 104 106
Min’s Un.—1st, 6s_________ 1922
112%
Des M. <fc Minn.—1st, 7s
*126 ------v iilw . Lake 8. <fe W est.—
Mont. Cen.—le t. guar., 6 s ..1937
I ____
Iow a Midland—1st, 8 s __
St. Paul A Duluth—1st, 5s. ...1 9 3 1 H O
Conv. deb., 5 s . . . ............. ....1 9 0 7
130
Peninsula^- 1st, conv., 7 s ..
127
Sodus B ay A So.—1st, 5s, g ...l 9 2 4
Michigan Div.—1st, 6s_____1924
Chic. A Milwaukee—1st, 7
12 1
Tex. Central—1st, s. f., 7s ....1 9 0 9
Iinn.«feSt.L.—I ’a E x.—1st,7s. 1909
130
1st mortg. 7 s ........................1 9 1 1
2d m ortg., 7 s . . . ..................... 1891
116
112
Southwest E xt.—1st, 7s ....1 9 1 0
Tex. A N. O.—1st, 7 s............. :.1 9 0 5
107 109
Sabine Division, 1st, 6s........1912
Pacific E xt.—1st, 6 s .............1921
100
99
105 ......
Tol. Peoxia A W.—1st 7s, Tr. rec. .
195%
100% Valley R 'y Co. o f O.—Con. bs.1921
*117 1 2 2 * 5
Consol, sink, fd., 7 s ..
Virginia M idland.- Inc., 6 s ... 1927
linn. S.Ste.M.«feAtl.—1st,5 s .. 1926
Chic. St. Paul M. <fc O .48
Wab. St. L. A Pao.—Gen. 6s, Tr. ree,
i lo. K. <&T.—Cons.,2d, i n c ....1 911
.........
107%
Chicago D iv ,, 5s, Trust r e c . . . . . .
H. <&Cent. Mo.—1st, 7s........1890
* Í 2 Ó ........ J lobile <&Ohio—Col..tr., 6s ...1 8 9 2 102*
Havana D iv., 6 s . . . ............... 1910
St. Paul <fe S. C.—1st, 6s
*72*
123% 125% ' St. L. <&Cairo—4s, g u a r ___1931
Indianapolis D iv.—6s...........1921
105%
1 1 % 116
J [organ’s La. <fe T.—1st, 6s___ 1920 n o s *
Detroit D iv.—6s, tr. rec ....1 9 2 1
9b%
96
Cairo D iv.—58..........
1931
1st, 7 b . . . . . . . . . . . . . . . .............1918 ”120 122
......... I
109
112
Wabash. M., 7s, Trust r e c ....
103
*114 116
I
Toledo A Wab.—1st ext., Tr. rec.
93
St. Louis Div., 7s, tru st rec.
Registered certificates.
95
*
2d M. ext., 7s,Trust r e c ..
.1895
Registered.......................................
50
Equip, bonds................— 1883
Cln. Jack. «feMac.—1st,g .,5 s... 1936
92% Î
Consol, conv. 7s, Trust r e c ..
C leveland <fc Canton—1st, 5s . . 1 9 1 7
Gt. West.—1st, 7s, T ru strec . .
1st, 6 s . . . . .............................. 1905
94% 95
......... !«f.Y.Susq.<fcWest—Deb. 6 s . ..l 8 » 7
Col. <&Green.—1st, 6s...............1916 * 1 0 0
2d, 7s, Trust r e c ............ ...
2d, 6s....................................... 1926 *70
Quin. A T o l.—1st, 7 s ......1 8 9 0
2d, 4 % s . . . . : . . . ...................... 1937
Col. A Cin. Midland—1st, 6s . . 1 9 1 4
Han. «¿Naples—1 st,7s___ 1909
......... hr. Y. N. H. «fe H.—1st, reg, 4&.1903 '103
Cœur d’Alene, 1st, 6s, g o ld ... 191b
111. A So.Iow a—ls t ,e x .6 s 1912
......... hr. Y. Tex. <feMex.—1st, 4 s . . . . 1912
D e l. Lack. & West.—
t>iorthern P a c.—
St.L.K.C. A N .-R .E . A R R .7s.’95 109% 111
104%
Convertible 7s........................ 1892 109
Clariuda B r.—6 s :............ 1919
D ividend s c r i p .,, ... . . . . . . . . . . . . . .
Mortgage, 7 s ......................... 1907
140
8t.Charles Br’ge—1st,6s. 1908 i*04 105
D ividend e x t e n d e d ............... .
Syra. Bing. <fc N .Y .—1st, 7 s .1906 133% 134%
No. Missouri—1st, 7 s ......... 1895 H6%
James R iver Val.—1st, 6s. .1936 104
t Morris <fe Essex—1st, 7 s....... 1914 141 142
98%
West.N. Y A Pa.—1st, 5s ....1 9 3 7
Spokane A Pal.—1st, 6s___1936
2d, 7s................
....1 8 9 1 109% 1 1 0 %
2 d m . gold 3-5s.................. ~ 1 9 2 7
St. Paul <fe.N. P.—Gen., 6 s .. 1923 116
Bonds, 7s........................... 1900 1 2 0
R e g iste re d ................................ 'i13
Warren A Frank—1st 7 s ...1 8 9 6
7s o f 1871................
1901
125
Helena A R edM ’n—1st,g.,6s. 1937
West. Va. C. A P itts.- 1 s t , 6 s ..1911
1st, con., guar., 7 s . . . ; ___ 1915 134% 135
West. Union Tel.—Coup. 7 s .. .1900
DuL A Manitoba—1st, g. 6s. 1936 102 %
P eL A Hud. Canal—1st, 7 s ...1891 1 1 0 %
N. W. Telegraph—7s . . . . . . . . . . 1 9 0 4
101
D o Dakota Div.—1st, 68.1937
1st, ext., 7 s ...................... ....1 8 9 1 *108
Hel. B.Val. A Butte, 1st, Cs.1937
Market St. Cable R y., 1st, es.1 913
Coupon, 7s,..............................1894 114%
80
Manhat. Beach Imp. Co.—7s. 1909
Drummond A P ’bg —1st, 5s 1937
Registered, 7 s..................... 1894 114
103%
Am. Water Works Co., 1st. 6s. 1907
Helena A No.—1st, g’ d, 5s_l937
Pa. D iv., coup., 7 s ,« .............. 1917 *140
Penn.
Coal
Iron
A
Railw
ay—
La M. A Mo. R iv.—1st, 5s . 1937
Registered....... . ................. . * lo 8
Tenn. D iv., 1st, 6 s .. . . . . . . . . 1 9 1 7
N
87*"
A lban y <fe Susque.—1st, 7s.. 1888 103% LOb^ N
Bir. D iv.—1st con. 6 s . .,........1917 86
99 105
1st, cons., guar., 7 s . . . : . . . 190b
132
N
Cel; A Hock. Coal A I .—6s, g ,.1 9 l7
113% 116
R egistered................................. *128
*9*6%
Georgia Co., N. C.—5 s .........-..1937
Imp. A E xt., 6 s ...,v ......... ..1 9 3 4 107 l08
1st, cons., guar., 6 s ........... 1906 123%
A d ju s tm e n tM .,7 s.... .....'.1 9 2 4 109
R e g is t e r e d .................... .
1 2 .% L*2*â% 0
In com e B on d s.
Rens. & Sar.—1st, coup., 7s. 1921 144 ......... 0
117 U 8
R egistered.................................... *141
(Interest payable » / earned.)
Springfield D iv.—1st, 7 s___ 19o6 106
Det. B ay C. «fe A lp .- 1st, 6 ....1 9 1 3 lu »% 109
General 5s................ .
1932
D uluth <fe Iron Range—1st, 5s.li<37
Atl. A P ac.—Cen. D iv ..............1922
93
€ >hio Cent.—lst'T er. Tr., 6s..-.1920
Dul. So. Sh. <& A tl.—5 s ......... 1 9 3 7 *
ind.D ec.A West, incom e ...............
84%
Min. Div.—1st, 6 a . ............. 1921
E . Tenn. Va. <&Ga.—1st, 7 s ...1 9 0 0 1 2 2
123% C
99 JJÍÍÍ Mil. LakeSh. A W.—In com e___ . . .
Divisional 5 s.......................... 1 9 3 0
26
29
Mobile A Ohio—2d p ref. «leoen___
111 % 0
E.& W .of A la.—1st,cons. 6s,g., 192b
bd pref. d eb en tu res.............
24
26%
•.¿..I P
fille . C. <fc N.—S.f., deb., 6s. ..1 921
4th pref. de beutures.......................
22
24%
107
...... P
1st m ortg,, 6 s ..............
19 2 0 ..a :.
2d M., 4% s
_______ 1921
72% N. Y . L. E. A West.—Inc., 6 s ..1977 . . . . . .
N o price Friday ; these are latest quotations made this week.
I THE
7341
New York City Bank Statement for the week ending June
8,1888, is as follows. We omit two ciphers (00) in all cases.
Specie.
Capital. Surplus.
Ba n k s .
(00s omitted.)
B an k o f N ew Y o r k ...
M anhattan C o___ . . . .
M erchants’ . . . . . . . ___
M echanics’ ...............
A m e rica ................. . . ..
P h e n ix ..................... .
C it y ..............................
Tradesm en’s........... .
C h e m ic a l..................
M erchants’ E x ch ’nge
Gallatin N ational.......
B utchers’ & Drovers-.
M echanics’ & Traders
G reenw ich......... .........
Leather M anufaot’rs.
Seventh N ational.......
State o f N ew Y o r k ...
A m erican E xch an geCom m erce. : .................
B road w ay....................
M ercantile............
P a cific.........................
R ep u b lic.............. .......
Chatham......................
p eop les’. . . . . . . . . . ____
N orth A m e r ic a ....___
H anover................
Irv in g ............. .............
Citizens’ . .....................
N a s s a u ................ .
M arket & F u lton .......
S t. N icholas................
Shoe & Leather.........
C orn E xch an ge........
Continental........... .
Oriental........................
Im porters’ & Traders’
P ark................. ............
N orth B iv e r...............
E ast B iv er..................
F ourth Nat ional.........
Central N ational........
SeTTind N ational.........
N inth N a tio n a l.........
F irst N ational............
T hird N a tion a l...........
N . Y . N a t’l E xchange
B o w e ry..................
N ew Y ork C ounty___
German-American.
Chase N ational......
F ifth A ven u e........
German E x ch a n g e ...
Germania..............
U nited States.......
L i n c o l n . .. ... ... ...
Garfield__ . . . . . . . .
F ifth N ational___
Bank of the M etrop..
W e st S i d e . ... .. . . . . . . .
S e a b o a rd ....................
S ixth N ational...........
W estern N ational___
Legáis.
Deposits.
$
$
$
1.549.9 11.040.0 1.900.0 1.250.0 10.930.0
8.624.0 3.648.0
521.0 10.690.0
1,112,7
2,000,0 790.0 7.076.0 2.764.4 851.4 8.825.6
7.227.0
2,000,0 1,574,2 8.712.0 1.079.0 788,(1
674,2 11.716.5
1.814.9
11.171.1 3.792.9
3.000.
0
650.0
3.180.0
258.0
3.768.0
517.5
1.000.
0
988.0 14.593.6
9,224,9 7.13-S3
1,000,0 2.279.0
2.810.7
202,6 2.677.2
614.4
233.7
1,000,0
947.5 21.597.0
300.0 5.557.0 18.334.0 8.130.5
707.1
3.834.3
3.357.2
141.0
290.5
600.0
1,000,0 1.209.0 4.784.8 1.417.6 616.4 4.637.2
2,291,9
282,2
124.8
2.218.8
456.5
300.0
200.0 138.5 2.043.0 119.0 361.0 2.402.0
113.4
1.135.7
1.170.9
115.7
76.9
200,0
222.1 2.850.2
518.3
3.274.6
906.7
600,0
492.4
89,9
1.475.7
1.269.9
83.9
300.0
1,200,0 472.3 3.727.5 352.7 256.6 3.000,9
5,0« 0,0 1.465.6 14.179.0 5,001 0 2.460.0 15.847.0
18.013.9 4.9
9,41,614,5 15.681.6
3.214.9
5.000.
0
1.000.0 1.546.7 ô.257,i 1.181,8 345.0 4.947.3
1,000,0 563.2 7.635.7 1,849,5 895.1 8.370.7
2.299.2
333.4
3.051.7
843.8
300.3
422,7
8.761.8 1,669,8
652.4
8,736,6
772.3
1.500.0
444.9
4.920.8
4.483.0 1.035.3
491.1
450.0
200.0 217.7 1.806.2 698.1 124.5 2.764.0
321.6 2,336,7 674.4 351.2 3.627.1
700.0
1,000,0 969.1 12.937.9 2,5i 9.7 977.9 13,5? 9,1
2.928.0
2.891.0
208.9
263.4
537,7
500.0
2.522.4
3.185.5
365,9
880.1
247.1
600.0
2.436.4
210,1 430.7 2.876.5
163.7
500.0
3.941.6
258.0
832.5
4,225 7
623.0
750.0
1.566.2
94,4
212.8 1,74 3,2 293.3
500.0
639.0
3.202.0
331.0
3,496 0
237.1
500.0
0
1,000,0 1.071.8 6.577.0 989.0 250.0 6,088
1,000,0 283.1 4.800.1 601.1 880.2 5,5-5,4
142.4
2,060,0
366,0 2.050.0
336.7
300.0
1.500.0 3.678.1 19.885.5 3,884,“ 1 -9 2 ,0 22.690.7
2,000,0 1.799.0 16,893,7 2,226,0 4,037 3j 21.236.3
2,23x.8
1.984.6
177 8
129.6
101.5
240.0
121.2 1.826.5 247,2 123.7 1.477.1
250.0
16.646.4
1.616.0
2.575.0
16.877.0
1.395.1
3.200.0
2,000,0 5 f 7,5 6.865.0 791,0, 1,170,0 8.036.0
731.0
299.0
3.507.0
4.193.0
194.5
300.0
572.2
5,187 9
4.172.4 1,590 9
263.7
750.0
500.0 5.611.1 21.832.6 3.334.4 1,442,2 19.517.5
47-.’,2
4.955.8
4.720.0 1,011,6
214.7
1,' 00,0
1.253.4
137.3
192.6
1,464 0:
116.7
300.0
2.372.8
2.282.6
189.5
477.4
363.3
250.0
2.993.5
155.0
760.0
2.278.01
67.0
200.0
185.3
2.217.5
2.618.2
238.1
195.8
750.0
7,569,9 1,690,6
692.7
8,090 4
4P6,1
500.0
88,9
3.940.3
907.6
3.836.6
638.4
100.0
3.112.3
366.8
74,1
2.614.6
362.5
200,0
408.0
2.832.5
144.1
2,617,8
351.9
200,0
110.3
4.138.2
990.9
3.952.3
499,7
500.0
217.2
3.040.9
2.436.1
656.7
164.6
800.0
200,0 203.1 2.329.3 581.4 249.6 2.832.0
1.784.1
332 3
1.519.0
191.7
237,3
150.0
4.507.5
314.4
3.630.2
995.9
411,5
300.0
200.0 185,0 1.977.6 820.7 199.2 2.191.3
2.741.0
321.3
435.8
2.080.5
130.2
500.0
125.01 2.195.0
613.1
1.810.1
70.1
200.0
8.629.0
9.583.5 1.269.1 1,147,3
170.9
3.500.0
2,000.0
2,060,0
T o t a l..................... 60,762,7 60.381,5:363,528.2 16,430,3 37,092,1 391,227,.
Boston Banns.—Following are the totals of the Boston banks
1888
Loans.
Specie.
UP*
$
M ay 19 142.44 ,500 11,089,600
« 26 143.741,000 11,239,300
J u n e 2 145,772,300 10,817,500
L, T ’nders. Deposits.*
$
3,171,500 113,931,600
3,308,100 115.218,500
3,115.400 116.908.300
C ircnla’n. A gg.C l’ ngt
$
6.160.700
6,2ol,900
6.149,800
84,876.600
80,379,107
71.310,403
Philadelphia Banks.—The totals have been as follows
1888.
Loans.
M ay 19....... 89,562,400
89,201.500
“
26—
June 2 ......... 89.562,900
L aw ful M on’y Deposits.*
$
26,266,200
26,811,000
26,255,600
$
90,384,800
90,621,300
91,039,500
Circula’n
$
2,725.200
2.719,040
2,721,750
A gg.C l’ngs
64.031,337
59.296.244
59,789,537
*Inoluding th e item " d u e to other hanks.’’
Quotations in Boston, Philadelphia and Baltimo re:
Following are quotationsof active stocks and bonds. A full
ist is given in the C h r o n i c l e the third Saturday of each month
S E C U B IT IE S .
B id.'
S E C U B IT IE S .
Bid.
[VOL. XLVI«
C H R O N IC L E
Ask,
S E C U B IT IE S .
Bid.
H untington & Broad Top
P referred.........................
L ehigh V a lle y __________
L ittle S c h u y lk ill..............
M inehill & S. H a v e n .......
N esquehoning V alley___
N orthern Central....... .
N orth Pennsylvania.......
N ew Y ork Phil. «ft N o rf ..
P enn sylvania....................
Phil. & E rie ........................
Phila. & B e a d in g ..............
Sunbury «ft L ew iston.......
U nited Co’s of N . J ...........
W e st Jersey........................
B A IL B O A D B O N D S.
A lleg h . V a i,—7 3-1 Os. >96
7s, E . ext., 1910 ............
In c. 7s, end., coup., ’94
Bells Gap—Cons., 6s....... .
Cam. & A m b.—M ., 6s, ’89
Camden & A tl.—1 st M ., 78
Catawissa—M. 7s, 1900
Clearfield & Jeff.—1st, 6s
Col. «ft Cin. M id.—1st, 6s
Connecting—6s.................
Delaware —Mort., 6s.......
D el.& B d.B .—1st, 78.1905
Elm ira «ft W ill’ m.—1st, 6s
H arris. P. M ’t J. & L.—-4i
H un t’n & B. T.—1st, 7s.
2d m ortg., 7s.................
Consol. M., 6s..................
L eh .V .—lst,6s,C.«6 B .,’ 9b
2d, 7s, r e g .,1 9 1 0 ....___
Cons. 6s, C.& B „ 1923.
N orth Penn.—1st M.,-7s.
N .Y . Phil. «ftNorf - 1 s t , 6s
Incom e, 6 s ......................
Penn.—Gen. ,6s,coup,1910
Cons., 6s, co u p ... 1905..
Cons., 5s, co u p ...19 1 9
4%s, T ru st L o a n .. ... ...
A sk.
S E C U B IT IE S .
B id.
A sk »
101
Perkiomen—1 st, 6s.cp.’87
Penn. «ftN.Y. Can.—7s,’ 96 112%
Phila. & E rie 1st M ., 7s. 103 103*»
Phil. A B .—1st M., 6 s .... 122
2d, 7s, c. & r. 1893......... 110
Cons., 7s, co u p ., 1 9 1 1 .. 128
Cons., 6s, g ., 1.B.C.1911
81*3
Im p., 6s, g., cou p., 1897 103*3
80%
Gen., 6s, g., cou p., 1908 115% 115%
119% 119%.
Gen., 7s, cou p., 1908—
82%
Incom e, 7s, cou p., 1896
28
99%
Cons.
5s,
1st
ser.,
1922
30*e 30%
75%
74
Cons. 5s, 2d ser,,c., 1933
D ebenture cou p., 1893.
214 215
21
Deferred incom es, cp .
60
P hil. W . & Balt.—Tr. c..4s 101% . . . . . .
W arren & Frank.—1st, 7s 116%
115*3
W e st Jersey—1st M., 7s. 1¿2
22 W . Jersey & A tl.—1st, 6s 106% 107
109%
B A I /T H W O K K
102% i o T
B A IL B O A D STOCKS.!
111
Baltim ore A O h io ..........
90 100
122
1st p re f............................
'112%
2d p ref.............................. a....... 116
90
121*2 Central O h io ...................... 48% 50
•Pi ef erred.........................
ÎÏ8*
80
N orthern Central............ •.
131
W ilm ’gton Col. A A u g’ sta
121
B A IL B O A D BOM US.
A llant a <fc Char.—1st, 7s. 122%
Í0 4 ”
Incom e, 6 s .................... Î ......... 101
111% 115
102% 103 B altim ore A Ohio—4 s ... 101%
95% 96
Cape Fear & Y a d .- 1st, 6s
117
....
Cent. Ohio—6s, 1890......... 104
140
Char. Col. & A u g.—1st, 7s 112 . . . . . .
130
99% 99%
Cm. W ash. A B alt.—1st»
117
70
65
2ds, 5s.................... . . . . . .
99%
....
34
3ds, 3 s . ..................... ......
12
16
1st In c., 5s, 1931_____
Í3Ó
Seab’d & B o’n ’ke—5s, 192( i ......... 110%
121*2
U nion (end Cantoni, 6 s ...
......
W est. Md., 3d guar., 6s.
10 7 "
36
39%
63%
63*9'
64%
53%
' Ex-dividend. + P er share, i Last p rice this week.
New Yo)rk Local Securities.
B a n k S to c k L is t.
BANKS.
Bid.
Ask.
BANKS.
Bid.
A sk.
BAN KS.
Bid.
New Y o r k .. 220
G a lla tin . . .. 224
A m erica....... 174 175
G a rfie ld .— 260 . . . . . . N.Y. Countv 210
Am. E x e h ... 138% 140
N.Y. N at.E x __...
Germ’n A m .. 114
A sbury Park 00 110
Ninth............ 130
200
B roadw ay... 270 280
N. A m erica. 135
G re e n w ich .. 120
Bntchs’ dt Di >65
North Riv*r. 185
H a n over___ 191
Central_____ 125 132
irie n ta l___ 190
Im. «ft T rad’s’ 345
Chase............ 2 :0
P a cific.. -»— 162
Irv in g ........ 153 155
C h a th a m .... 230
165
Chem ical___ 3400 3800 Leather M f s’ 200
People’ s . . . . 186
Manhattan.. 161 165
Citizens’ . . . . 140 150
136
176 180
C ity............... 340
R e p u b lic__ 144
Mechanics’ . 166 169
Commerce .. 168% 169
S t.N ich olas. ZJ.1
M’ ch s’ «ftTrs’ 155
126
Continental.
S even th ....... 120
M ercantile.. 147
Corn E x ch .. 206 215
315
Mercnants’ . 139 143
East B iv e r.. 130
Shoe«ftLeath 144
M’ rch’ts ’ E x. 118 125
11th W a r d .. 150
S ta te o fN .Y . 112
M etropolit’n 10 h 12
Pifth A v e .. . 800
2000
M etropolis... 230
First .. . . .
Tnited St’es 21(5
135% 136% N a s s a u .___ 153 160
F o u r th ...
H a s and C ity R a ilr o a d S tocks and Bonds.
G a S C O M P A N IE S .
B id.
Ask.
G A S C O M P A N IE S .
Bid.
A sk
225
126
137
170
170
Î38*
150
113
128
119
105
A sk
73
71
P eople’s (B k lyn .)______ _
Brooklyn G a s-L ig h t......... 103 105
122 125
56
Citizens’ G a s-L ig h t. . . . . . . 54
106 111
Bonds, 5s_______ ______ 100 103
82
72% M etropolitan (B k lyn .)___ 80
Consolidated G a s . . . . . . . . . 72
Municipal—Bonds, 7s....... 105 110
Jersey C ity A H o b o k e n ... 165
133 135
M etropolitan—Bonds . . . . . 114
105 109
92
M utual (N . Y . ) ................... 90
105 110
Bonds, 6s....... ................. 100 102
110 118
N assau (B k ly n .).. . . . . . . . . . 100 105
100
S crip .......... ............ - ........ 97
[C ity JRR. Q u ota tion s b y H . L . G b a n t , B ro k e r, 1 4 5 B ro a d w a y .]
28 ( D. D. E . B . <fc B .— son p , 6s L04 107
B I’oker st.«fe F u lt.F .—Btk. 26
1st m ort.,7 s, 1 9 0 0 .. ... 111 1 1 2 %! E ighth A v .—S tock............ 150 155
S crip, 6s, 1 9 1 4 ____ ____ 105 107%
170
i r ’dw ay & 7th A v .—St’k . .
42d & G r’nd St. F ’rv —Stk 210 220
1st m ort., 5s, 1 9 0 4 ........ 102 104
1st m ort., 7s, 1893....... 110 112
2d m ort., 5s, 1914........... i 103 104
38
42d St. Manh. <fc St. N .A ve 32
B ’w ay S urface b d s...l9 2 4 85 100
1st m ort., 6s, 1910 . . . . . . 108% 109%
95
Bonds guar., 5s, 1905 . . . 85
56
2d m ort., incom e, 6 s . ... . 50
Brooklyn C ity—S to ck ....... 115 120
Joust. W .St.«ftP.F’ v - S t k . 165
1st m ort., 5s, 1 9 0 2 ......... 106 110
1st m ort., 7s, 1894 . . . . . . 110 112
Bklyn. Crosstown—s to c k 212 225
Ninth A v e .. . . . . . . . . . . . . . . . 76
i s t m ort., 7s, 1888 . . . . . . 100
Second A v .—S t o c k ... ... .. 105 106
Bushw’k A v . (B klnj—St’k 140 150
1st m ort., 5s, 1910 . . . . . . 1«*8 105
Central Crosstown—S tk .. 160 160
Sixth A v .—S t o c k ... ... . . . 161) 170
1st m ort., 6s, 1 9 2 2 ......... 116 120
1
st m orii.,7s, 1890 . . . . . . 1« 5 106
83
dent, Pk. N.«ft E .B iv .—Stk 81
T hird A v .—S to c k ............... 218 220
Consol., 7s, 1902 . . . . . . . . 116 118
Bonds, 7s, 1890 . . . . . . . . . 101 102
Ohrist’pb' t& 10th St—S tk . 120 125
T w enty-third s t .—S to c k .. 220 226
Bonds, 7s, 1898 . . . . . . . . . 111 113
110 112
1st m ort., 7s, 1893 ...
Dry Dk. E .B .& B at’v—Stk 146 150
1 st m ort., 7 b, 1893 . . . . . . 107% 109
A tch «ft T ’p ’a.—(Cont’ d)—
Plain, 5s....... ............... . 89*a
BOSTON.
Mortgage, 5 s . . . . . . . . ___ 102*3
B A IL B O A D STOCKS.t
A tchison & Tor eka ........
84% 84*2
Trust, 6s..........................
B url. & Mo. B . in N eb.—
B oston & A lb a n y ... ... ... 195
116
E xem pt, 6s ................. .
B oston A Low ell________ 164*2 165’
N on exem pt, 6 s .. . . . . . . . 105%
B oston «ft M aine . . . . . . . . . . 211%
B oston A P rovidcm e . . . . 234
Land grant, 7 s............... . 111*J
California South.—1st, 6s.
B oston B ev. B . «ft L yn n .. 160%
Unlisted Securities.—Quotations from both Exchanges:
37
California Southern_____
Incom e, 6 s........................ *84%
36
86
Central o f M assachusetts
Consol, ot V erm ont—5 s..
20 *s
S E C U B IT IE S .
Bid.
S E C U B IT IE S .
124
P referred ............ ............
E astern.M ass.—6 ,, n ew .
41
K. C. F ort S cott A G.—7s 116
Cheshire, p r e f....................
6*2
M exican N ational tr. reo.
A m . Bank N ote Co---------Ohio. B url. «ft N ortb ’n —
Kans. C ity Law.«fc So.—6s 113*3
l e t mort gage, tr. reo----A toll. A Pike’ s P ’k, Ist 6e
K.C. Memph. «ft Birm —5s
C hicago & W est. M ich ...
N ew 1st 6 s ............... . . .
B rooklyn E le v ’d—s to c k ..
Cleveland «ft C a n to n ......
Kan. Cit. St. J o .4 C . B.—7 s Î2Ï*
N . Y . W . S. «ft B uff............
B rooklyn A M ontauk—
113
K. C ity Sp’d A Mem.—6s
P referred ....... ........... ..
N . Y . A Green’d Lake, 1st
98
P re i....................... - ...........
K.C. Clint. A Springf.—5s
11*2
Colum. Sp. & C incin......
2d m ort....................... .
California P a cific..............
1('
Little B. «ft F t. S.—7s.;
C oncord.............................. 137
N . Y M utual T el................
Chic.
Burl.
«ft
N
o.—Stock
104%
Louisv.Ev.&
St.L.—1
s
t,6s
Connecticut & Pass.......
109*3
N . Y . «ft M orth em ............
8
7%
Chesap. s Ohio—Beceipts
2d m ort., 2-6s.. . .. ....
E astern_____. . . . . . . . . . .
123*2 124
P re f................................. —
9%
7%
I s t i r e f — Keceipts........
130
Mar. H . A Ont.—1908, 6s
P referred_____________
N ew Jersey «ft N . Y .—le t .
9
7%
2d pref—R eceipt*............
1923, 6e............................
89*a
Fitchburg, p r e f.... ____
N . J. Southern------ -------6
4%
Chic. & A tl.—Ben., ir. reo.
M exican Centi al—4 s . . . . .
66%
F lin t & P ere M arquette
42*3 43
Chic. Gas T r u s t ...------ —- 3 l% 32% Ocean Steam .C o.,lst guar.
Incom e...................... .
19%
102 103
P referred................... .
Pensacola «ft A tla n t ic ....
14
Den. & B io Gr. W .—St’k . 11
123
46
N .Y . A N . Emr.—1st, 7s..
42
K . C. Memph. A B irm . .
P ort R oya l «ft A u g.—1st...
6
7
Dul. S. Shore «ft A t.— Stk.
IIP
12
1st m ort., 6 s . .................
Louisville E vans. «ft St. L.
In com es............................
25
20
104 104%
P ref..................... ..
25
2d m o il,. 6s__________
P referred...................
R ich. Y ork B iv . «ft Ohes..
20
E
ast
«ft
W
e
st
B
B
.
o
f
A
la
.
9»*s
130
Ogdens. A L.C.—Cons., 6e 97
M aine Centr*1.................
St. J o se jh «ft Grand I s l ...
15
12
G eorgia P ac.—S to c k ...
94%
Butland—5 s ........... .........
M anchester <fc Lawrence 215
St. Louis «ft C hicago— .
08 109
9a%
I s t 6s...........................
M exican Central......... . . .
14*2 ' *14 % Southern Kansas—5 b. . . .
P ref....................................
43
2 d s.„......................... .
T exas D ivision—5 s . . . .
N .Y . A N . E n g ..[pref....... 115 118
St. PaulE.«ft G r .T r .,le t6 e 93
100
H endetscn B ridge—St’k .
14 Ì
Incom es..........................
N o rth e rn ................. ..
T
ol.
A . A . «ft N . M ich........
Kanawha
«ft
O
h
i
o
.
...
...
.
90
W
iscon.
C
ent.—1st
M.,
5s
N orw ich <fc W orcester___ 178
Tol- do «ft Ohio Central___
I s t p re f..................... —
Incom e 5 s ....................... ’ ï ô ’
6*2
Ogdensb. «ft Lake C ham ..
P r e f...................................
2d p r e f . . . . . . . . .............
P H IL A D E L P H IA .
Old Colonv ....................... 160 164
T oledo Peoria «ft W e s t ...
l a t 68. . . . . . . . . . . . . . . . .
B A IL B O A D STOCKS. 1
123
P ortland Saco & P o r ts ...
1st. 4 s ...............................
44*3 Kan. City «ft Omaha.........
10 B ell’s Gap....... ............... .
Sum m it B ra n ch ..............
V icksb . «ft M eridian—1st.
Ist
m
o
r
t
.»
..
..
.
............
Camden
<
2
A
t
antic,
p
rrf.
W iscon sin Centred ..........
16%
2d
m ort..............................
K
eely
M
o
to
r..—.
.........—
Delaware «ft B ound brook
P r e fe r r e d ................ .
87
Incom es.............................
54*3 Lehigh «ft W ilkes. Coal.
B ast Pennsylvania..........
B ON DS.
S tcck, p r e f.................... M ahoning Coal K B ------E lm ira & W illia m sp ort..
A teh . A T opeka—1st, 7 s. 120%
W estern i> at. B an k ......... 94
P r e f........ ................... .
P referred....... .................
Coll- Trust. 5s..........
94% 95
W est N . Car.—Con. M . „ .
Mex. N at.Construct’n Co.
25
" ■ E x -d iv id e n d .f P er shaae.
i L ast price ibis week.*
THE CHRONICLE,
J uke 9, 1888.
735
Latest E arnings Reported.
R oads.
AND
Week or Mo
Jan. 1 to Latest Dote.
1888.
1887.
1888.
1887.
g
g»
$
s
398,024; 6,342,754 6,1 56,9 3$
L ou isv. & N ashv. 4 th w k M ay 415,945
59,866
809,713
67,031:
830,585.
L ou .N .A . & C hic.J4 th w k M a y
33,938
971,738
805,004
51,257
L o u isv. N .O . & T . I t h w k M a y
348,464
53,272
70,742
191,604
L y k e n s V a lle y .. A p r il.. . . .
635,496
26,724
611,143
27,664
M em p his &Chas. 3 d w k M a y
The I n v e s t o r s ’ S u p p l e m e n t , a 'pamphlet o f 132 pages, ‘ M e x ica n C ent . 4 th w k M a y 180,693 135,328 2,467,302 1,967,408G u ad ’ja r a B r .. M a y .......... .
34,654
contains extended tattles o f the Funded Debt o f States and
29,221
16,1205,733
13,193
T a m p ico D iv . M a rch ........
738,454
592,885'
Cities and o f the Stocks and Bonds o f Railroads and other *M ex. N. (all Ins) A p r il........ 161,933 155,126
1,603,001
1,496,207
65,056
61,769
Companies. It is published on the last Saturday o f every ‘ M ex ica n R a ilw y W k M a y 26
878,491 1,093,256
88,728 108,648
il.L .Sh.& W est. 4 th w k M a y
other month—viz., January. March, May, July, Septem M
397,622
369,775
23,637
30,445
M ilw a u k e e & N o . 4 th w k M a y
ber and November, and is furnished without extra charge M in n eap .& S t.L . A p r il.......... 102,416 113,552
496,834
398,411
997,924
974,083
212,502
193,667
to all regular subscribers o f the C h r o n i c l e . Extra copies M ob ile & O h io .. M a y ............
1,009,037
960,008
232,263
222,720
Nash.
Ch.
&
S
t.L
.
A
p
r
il..........
are sold to subscribers o f the C h r o n i c l e at 50 cents each, N atch ez J ac.& C A p r il..........
52,965
51,589
10,261
10,536
and to others at $1 per copy.
235,529
253,537
73,567
77,934
N ew B ru n sw ick . A p r il..........
13,878,111
1.3,726,417
N .Y .C e n . & H .R . M a y ........... 2,824,844 2,8*7,020
N .Y . L . E . & W .. A p r il.......... 2,112,656 2,048,997 8,181,538 7,982,02V
410,325 411,351 1,567,257 1,563,752
N. Y . & N ew E n g. A p r i l .........
16,646
17,351
N. Y . ¿ N o r t h e r n 4 th w k M a y
532.384
605,156
40,468
47,538
Gross Earnings to Latest Dates.—The latest railroad earn N .Y . Ont. & W . .. 4 th w k M a y
161.384
175,961
49,620
41,877
N
.Y
.
P
h
ila
.&
N
’k
A
p
r
i
l
.
.—
ings and the totals from Jan. 1 to latest date are given below N .Y .S u s .& W . . . A p r il.......... 106,381 107,171
402,646
448,926
for all the railroad companies whose reports can be obtained N o rfo lk & W est. 4 th w k M a y 81,659 67,019 1,928,290 1,518,387
210,559
248,686
42,308
54,109
N’th e a stm (S.C.) A p r il..........
Jan. 1 to Latest Date. N orth ern C ent’l . A p r i l.........
486,614 513,560 1,819,887 2,031,519
Latest Earnings Reported.
579,202 384,271 5,818,823 4,298,051
N orth ern P a cific 4 th w k M a y
Hoad s.
1887.
1888.
1887.
76,510 1,444,494 1,593,400
1888.
65,705
Week o r M o
O h io & M iss.........4 th w k M a y
102,174
149,867
7,398
9,437
O h io R i v e r . . ___ 4 th w k M a y
232,790
$
235,279
*
36,840
37,179
O h io S o u th e r n . M a y.. . . .
634,854
795,857
618,856 O regon I m p .C o . M a rc h ..
163,519 163,606
466,440 ,299,916 1,194,064
A lle g h e n y V a l . . A p ril.........
478,053 437,548 1,754,631 1,409,750
A tc h . T . & S. Fe. A p r i l ...... 1,205,350 1,684,358 4,579,19) 5,996,041 O r e g .R . & N .C o . A p r i l...
457,199
427,016 P e n n s y lv a n ia ... A p ril ..
86,759
4,650,045 4,342,834 17,750,040 16,593,826
96,437
A tla n ta & C har. A p ril.........
146,372
136,143
31,373
29,406
13,173
11,375
P e o ria D e c.& E v .\ 2 d w k A p r
A tla n ta & W . P t.. A p r i l ......
68,317 1,106,479 1,176,157 P hila. & E r i e .. . . 'A p r il........
63,763
329,481 314,531 1,102,323 1,158,380
A tla n tic & P a c . . Ithw k May
1,215,221
5,449,225 6,600,505
1,751,844
1,182,461
1,833,320
B .& O .E a st.L in es A pril
_
P hila. & R e a d ’ g. A p ril
371,229 363,952
1,217,994 1,204,578 2,912,909 4,643,928
W estern L ines. A p r il
C oal & I r o n Co. A p ril
8,362,125 11,244,436
1,579,173
1,553,690
2,956,422
3,051,314
T o t.b o th C o ’ s . . A p ril
T o t a l.............IA p ril
769,641
480,176
453.922 P itts. & W e st’m . 4th w k M a y
720,648
123,009 115,71V
45,707
57,918
B a lt. & P o to m a c A pril
338,333
129,710
240,595
135,255
.75,068
19,196
86,172
20,378
P ’r tR o y a l & A u g. A p r il..........
B e e c h C reek— A pril
747,807
109,299
787,045 P t. R ’ a l& W .C ar. A p r il..........
122,677
60,160
53,748
17,219
18,498
B u ft.R och .& P itt 4th wk May
959.776
170,016
1,089.464
175,367
53,790
42,243
46,005
46,641
R ich. & A lle g h ’y. A p r il..........
B ui*.C .R ap.& - J. 3d wk May
274,592
285,154 R & W .P .T er. C o 18,169
14,625
C airo V . & C hic. tth wk May
1,684,138
780,998
634,797
70,775 1,956,988
29,238
38,315
79,850
Cal. S o u th e r n ... 4thwkM ay
R ich . & D a n v . 4 th w k M a y
602.403
139,672
132,401
674.107
30,150
41,949
39,965
30,300
V a . M id. D i v .. 4 th w k M a y
iC a m d en & A tl’ c A pril
327,987
373,288
12,200 12,075
C an ad ian P a cific 4thwkM ay 317,000 301,000 4,594,301 3,669,286
C. C. & A . D iv . ) th w k M a y
105,034
219,556
86,617
254,937
22,104
4,500
18,929
4,600
A
pril
Col.
&
Gr.
D
iv
.
it
h
w
k
M
a
y
C p .F ’r & Y ad.V al
269,110
173.554
184,138
267,279
12,875
32,903
34.107
12,875
W est. N . C. D iv 4 th w k M ay
C arolin a C e n t ... April
38,715
1,972,935
2,312,61
42,643
2,600
386.349
470,622
1,900
April
C en.H R . & Bg. Co.
W . O. & W .D iv. 4 th w k M ay
17,701
523.922
536,231
40,987
800
26,086
30,014
1,500
C entral I o w a — 4th wk M ay
A sh . & S p .D iv . 4 th w k M a y
3,678,724
3,1
59,6 10
3,373,343
3,610,2
9
133,775
987.349
1,006,326
143,225
___
A
p
r
i
l
C entral o f N. J ..
T o ta l a l l ___ 4 th w k M a y
87 8,32 3
939,673
251,507 237,986
C entral P a c i f i c . March___ 1,228,948 1,115,960 3,414,242 2,635,363 R o m e W . & O g .. A p r il
798,938
30,044
37,959
778.526
6,30:
46,847
5,897
A
p
ril.......
49,191
IfSt.L .A lt. & T.H . 4 th w k M a y
C entral o f S. C.
361.404
218,619
192,123
362,076
24,273
42,748
49,5211
19,720
C harlest’n & S a v A p r i l .....
B r a n c h e s .........4 th w k M a y
827,233
29,070
27,777 St.L. A rk . & T e x . 4 th w k M a y
56,103 1,019,0 >0
4,580
4,037
69,504
C h era w & D a ri A p ril.......
549,969 St. L .& San F ran. 4 th w k M a y 142,701 146,659 2,060,592 2,249,132
618,068
127,364
C h e s .O .& S .W .. A p ril_____ i 138,578
471,567
508.405
22
807
28,401
48,285
5,041
I
5,169
45,995
S t.P a u l& D u lu tb 4 th w k M a y
Ches. & L e n o ir. A p ril.........
838,339 S t.P .M in .& M an . May,
873,266
46,682
63,736
743,455! 572,517 3,327,979 2,833,038
C hic. & A tla n tic. 4thwkM ay
829,245
475,269
338,681
207,74
21,975
.A n t.& A r.P a ss. 3 d w k M a y
C hic. B url. & N o. A p ril.........I 127,98
231.789
207,757
53,687
48,«69
C hic. B u rl. & Q A p r il... . . . 1,703,844 2,197,899 6,272,845 8,983,201 S cioto V a lle y ----- A p ril
19 2,45 8'
775,909 Seab’rd & R o a n . A p ril
228,213
799.971
41,303
49,698
45,573
57,868
C hic. & E ast. 111. 4thwk M ay
207,230
148,088 S eattle L S.& E May.
8.070
13,240
1 2 ,6 )3
C hic. & In d . Coal 4thwkM ay
250.789
9,074,272
8,551,500
244,562
647,890
65,088
65,000
C hic. M il. & St.P . 4thwk May 628.500
S h enand oahV al. A p r il
401,590 >
458,992
74,791
76,294
C hic. & N ’th w ’n. A pril......... 1,954,885 1,839,334 7,100,199 7,531,470 South C a r o lin a .. A p ril
14,504
22,109
4,503
4.294
C h ic. & Oh. R iv A p ril____
So. P a cific C o.—
975,183
629,946
367,379
17,002
33,045
316,094 276,943 1,255,064
G al.H a r.& S .A . A p ril...
C hic. S t.P. &K.C. 1st wkM ay
242,877
303,384
61,512
496,246 540,175 1,760,402 1,860,402
75,960
C hic. St.P .M .& 0. A p ril........
L o u is’a W e s t .. A p ril...
547,010
1,314,848
1,784,462
548,632
38,742
316,894
34,715
413,022
C hic. & W . Mich. 4th wkM ay
A
pril
..
M orga n ’ s L& T.
47,527
850.294
32,092
821,941
15,648
201,751 202,743
8,655
C in.Ind.St.L.& C . April . .
N . Y . T . & M ex. A p ril_____
362,584,
161,875
451,071
185,519
14,380
10,785
95,59“
110,820
C in .Jack. & M ae 4th wkM ay
T e x . & N. O r l.. A p ril____
62,569
56,979 1,307,170 1,202,982
924,551 766,594 3,826.069 2,943,017
C in. N. O. & T . P 3d w k M ay
A tla n ’ c system A p r i l ...;..
55"',411
580,848
25,241
24,436
A la . G t. South 3d wk May
P a cific system M a r c h ..... 2,827,054 2,270,408 7,700|927 5,602,092.
250,615
322,303
8,921
11,573
N . Orl. & N. E 3d w k M ay
T o ta l o f a l l . . M arch....... 3,892,890 3,035,814 10,602,446 7,778,515
197,S89 So. P a c. R R .—
180,903
5,843
7,939
V ick sb . & Mer. 3d w k May
335,815193,130
369,866
189,296
6,079
7,234
138,910 141,261
V ick s. Sh. & P 3d wk May
N o. D iv . (Cal.) March___
799.254
2,399,526
2,580,519
110.500
106,314'
589,049 255,763 1,547,821
3d
w
k
May
E rla n g e r Syst
So. D iv . (CaL) M a r c h ....
4 1 7 ,8 9 0
149,111
604,956
154,822
7,336
7,393
C in. R ich . &Ft.W . 3d wk May
204,750 171,948
M a r ch ....
A rizo n a D iv
175,345
32,059
35,310
279,576
74,636
6.071
7,726
102,333
Cin. Sel. & M o b - A pril_____
N e w M e x . D iv March— .
24,071.
344,488 Spar. Un. & C ol A p ril.___ _
35,498
358,581
88,058
3,521
90,613
5,947
C in. & S prin g’^ A pril.........
253,289836,699
258.323
828,626
75,274
54,151
51,697
C in.W ash.& B alt. 4th wkM ay
76,991
S ta te n ls .R a p .T i M ty...........
363,748
201,107 S u m m it B ra n ch A p ril......... 102,692 101,458
223,650
479,298
11,788
10,071
C iev. A k ro n &Co) 3d wk M ay
111,072 T e x a s & P a cific 4th wkM ay 148,101 103,834 2,421,185 2,220,204,
115,701
31,843
32,952
C lev . & C an ton A pril.........
198,010
243,089
301,520 317,389 1.282.776 1,321,049 T o l. A . A .& N .M ’h 4thw kM ay
9,596
16,393
C lev. Col. C.& Ind A p r il..___
391,927
2,328,629
469,765
2,307,626
565,733
567,778
23,177
34.8J2
W h ole system April
ToL & O h io Cent. 4thw kM ay
362,118
118,746 T o l. P . & W e s t .. 4thwkM ay
347,179
101.926
4.948
24,726
5,129
20,963
C lev. & M arietta 3d w k M a y
8,326,787
8,698,120
466,682
37,347
2,539,243 2,342,155
C olor. M id la n d .. 3d w k M a y
U n io n P a c i f i c .. . A pril
198,083"
120,441 V a lle y o f O h io ..'A p r i l .........
Y.23,784
2 o l,3 7 3
6,933
11,313
52,156
54,038
C ol. & C in. M id 4th wkM ay
40,463 1,063,077 1,092,944 W ab. W e s te r n .. . 4 th w k M a y 161,283 169,198 2,101,743 2,379,972
70,511
C o l.H o ck .V . <&T. 4thwk May
500,623 595,164 1,385,277 1,5 17,1 40
D e n v . & R io G r 4th w kM ay 183,000 206,700 2,828,684 2,878,296 W ab ., E . o f M iss M a rch ........
348,916 W estern o f A la - A p ril..
154,677
449,305
165,515
22,275
31,372
15,27“
29,406
D e n v . & R . G . W. 3d w k ivtay
114,980
64,400 1,117,229 1,007,372.
22,309
77,700
D e n . T ex.& G u if. 3 wks M ay
Ithwk
May
W est N .Y . & P a
355,457"
169,302
187,096
387,543
46,067
48,700
114,901 100,372
D e t.B a y C .& A lp. M ay ...
tWest Jersey— A p ril...
444,104 W.V.Cen.&Pitts. April
109,093
171,682
374,385
32,771
27,430
30,328
52,297
D e t.L a n s’ g & No. 4th wkM ay
29 1,53 0
308,700 Wheeling & L. E. 4 th w kM ay
360,148
373.927
35,070
27,193
18,859
22,347
D u lu th S.S.& Atl. 3d w k M ay I
257,203
292,419
52,149
84,498 2,075,032 1,844,329 Wil. Col. & Aug A p r il...
93,146
55,704
E .T en n . Va.& Ga. 3 d w k May i
89,965 aW isconsin C e n ith
88,953
5,244
6,674
E va n s. & In d ’ plis 4thwk M ay
w k May 100,634 102,327 1,362,591 1,3 10,9 74
________________
323,170
328,943
20,552
20,583
4thwkM
ay
E vansv. & T. H .
t A nd branches.
* M exican currency.
67.294
71,985 1,034,070 1,049,491
F lin t & P . M arq. Ithwk May
TI Including Indianapolis & St. Louis.
450,252
459,629
24,653
27.140
F la .R .& N a v .C o . 4thwk May
a
A
ll
lines
included.
____
__
. .
, .
.236,364
16,304
313,1
21,646
t Ft.W. & D em C ty 3d w k May
t Construction earnings ih A pril $731, against $13,361 last year.
437,861
506,348
21,004
20.140
G e o r g ia P a c i f i c . 4thwkM ay
816,628
813.182
41,300
41,880
Latest Gross Earnings by Weeks.—The latest weekly
G r. R a p . & I n d ... 3d wk May
51,869 earnings in the foregoing table are separately summed up
74,227
3,358
3,751
O th er lin e s — 3d wk May
369,659 6,436,384 7,063,256
G ra n d T r u n k . . . W kM ay 26 357,761
739,845 as follows:
1 .
750,914
205,404 162,028
G u lf C ol.& S.Fe. A p ril.........
835,904
Returns of earnings continue very favorable, the gam for
812,586
41,162
46,670
H ou s.& T ex.C en . 3d w k May
47,131
45,661
10,494
9,500
H u m est’n &Sheu April ___
the fourth week of May on 59 roads reaching 10'15 per cent859,196 793,761 3,571,382 3,544,112
D LC en. (111. & So) A p ril.........
36,031 For the full month 74 roads have reported, with earnings of
25,732
6,635
10,046
C e d a r F .& M m A p r il..___
246,478 $23,883,655 this year, against $21,746,397 last year, the in 271,468
59,729
67.455Ì
D u b .& S io u x C A pril.........
196.688
243,142
50,743
43,778
l a . F a lls & S. C, A p ril.........
135,808
102,« >35
26,671
24,408
In d . D e c . & 8p r. A p r i l .......
798,938
778,526
46.847
49,191
In d . & St. L ou is 4th wkMay
Increase. Decrease.
1887.
1888.
4 th week o f May.
5 i,5 8 0
104,280
4,702
10,945
K a n a w h a & O hio 4th w kM ay
1,656,429
89,366 l ,5 l l ,7 0 1
72,089
3dMwem
k May
K.
C .Ft.S .&
$
$
$
95,356
91,977
4,294
3,181
K a n . C .C L & S p 3d w k May
4,554.
68,317
63,763
286,049 Atlantic & P a cific.............
289,124
77,399
68,737
K e n tu ck y C e n t . ¡April
6,412
60,160
53,748
115,908 B iflaJto Roch. & Pittsburg.
116,739
5,678
4,362
K e o k u k & W est. 3d w k M ay
3,544
18,169
14,625
Cairo
Vin.
&
Chic.
.........
53,573
68,659
4,551
5.930
K in g st’n & Pern. 4thwkM ay
9,077
29,238
38.315
139,892 California Southern.........
160,434
29,439
36,757
K n o x v . & O h io . April
16,000
301,000
317,000
762,308 Canadian P acific...............
748,905
44.847
51,989
L a k e E . & W est. 4th wkM ay
3,928
26.086
30,014
Central
o
f
Iow
a
.........
.
98,535
91,276
16,548
M
ay...........
23,626
L e h ig h & H u d ..
17,054
46,682
63,736
Chicago
&
A
tlantic
.
.
.
.
.
.
.
689,500 698,6b6
L e h & W ilB .C oal April .
4,27u
41,303
4i,f>73
303,990 Chicago & East. I lls .........
283,235
11,249
9,9 L7
L . R o c k <fe M em . 3d wk May
5,170
8,070
13,240
995,356 Chicago & Ind. Coal......... \
277,889 254,707 1,047,831
L o n g I s la n d ___ M a y .. . . . . .
19,390
1 628,500 1 617,890
. ..........
Chicago
Mil.
&
St.
P
a
u
l..
■
20.368
22.4
«6
L o u is .E v . A.St.T Ithw kM av
H & ilru& tl fw M Iijgpm cje.
RAILROAD EARNINGS.
736
THE
4 th week o f M ayf
1888.
Chicago & W est M ich.......
Cincinnati Jack. & Mack.
Cin. Wash. &. Balt........
Col. & C m .'M id la n d .. . .
Col. Hock. Val. & T o l ...
D enver & R io G rande..
D etroit Lans. & N orth ..
E vansville & Indianap.
E vansville & T. H . . .
F lint & Pere Marquette
Florida Ry. & N av........
Georgia P a c i fi c ............
Kanawha & Ohio...........
Kingston & P em broke..
Lake Erie & Western ..
L ouisv Evans. & St. L .
LouisviLe & Nashville .
Louisville N. A lb & Chic.
Louisville N. O. & Texas.
M exican Central.......
Milwaukee L. Sh. & West
Milwaukee & Northern.
New Y ork & N orthern..
N ew Y ork Ont. & West.
Norfolk & W estern.........
Northern P a c i fi c ...........
Ohio & M ississippi.........
Ohio R iv er......................
Pittsburg & Western___
R ichm ond & Danville ..
' Virginia Mid. D i v . . . . .
Char. C. & A . D iv .......
Col. & Gr. D iv .............
W est North Car. D iv ..
Wash. O. & W. D iv ___
Ash. & Spar. D iv . . .
tSt.L . Alt.&T. H ..M .L ..
St. L. Alt.& T.H ..branch
St. Louis Ark. & T exas.
St. Louis & San F ra n ...
St. Paul & Duluth...........
Texas <fe P acific.......... .
T oledo A. A. & No. M ich
Toledo & Ohio Central .
Tol. Peoria & W estern..
W abash Western ...........
Western N. Y. & Penn
W heeling & Lake E rie ..
W isconsin Central.........
38,742
14,380
64,151
11,313
70,511
183,000
27,430
6,674
20,583
67,294
27.140
20.140
10,945
5,930
51,9*9
22.486
415,945
67,031
51,257
180,693
88,728
30,445
17.351
47,538
81,659
579,202
65,705
9,437
57,918
79,850
30,300
12,200
4,600
12,875
1,900
1,500
49,191
19,720
69,504
142,701
45,995
148,101
16,393
34,892
20,963
161.283
77,700
22,347
100,634
C H R O N IC L E .
1.887.
Increase.
Decrease.
9
9
9
04,715
10,785
51,697
6,933
40,463
206,700
32,771
5,244
20,552
71,985
24,653
21.004
4,702
4,551
44,847
20,368
398,024
59,866
33,938
135,328
108,648
23,637
16,646
40,468
67,019
384,271
76,510
7,398
45,707
70,775
30,150
12,075
4,500
12,875
2,600
t-00
46,847
24,273
56,103
146,659
48,285
103,834
9,596
. 23,177
24,726
169,198
64,4 00
18,859
102,327
Total (59 roads).............. 4,646,780 4,218,404
Net increase i l0 1 5 p . c) .
f Including Indianapolis & St. Louis
4,027
3,595
2,454
4,380
30,048
1,430
31
6,243
1,379
7,142
2,118
17,921
7,165
17,319
45,365
N e t ...
Southern Pacific R R
No. D iv. (Cal.)___
864
N et...A rizona D ivision....G ross.
N et...
..G ross.
New M exico D iv ...
N et...
........
Road.
Cairo V ine. & Chic. ..G ross,
N et...
19,920
700
2,344
13,401
44,267
6,797
11,715
13,300
3,488
Road.
New Brunsw ick.
10,505
9
466,440
66,652
299,916
73,707
3,194,064
171,338
795,857
134,624
138,910
55,865
589,049
177,931
204,750
66,471
102,333
33,614
141,261
58,162
255,763
19,971
171,948
80,992
74,636
35,486
369,866
127,342
1,547,821
431,959
604,956
179,755
279,576
93,717
335,815
108,686
799,254
174,346
417,890
169,904
175,345
71,509
” 8.958
2,290
3,763
7,915
124,093
MONTH AND CALENDAR TEAR.
«—------- A pril--------- v ■—Jan. 1 to A pril 30.-%
1888.
1887.
1888.
1887.
Roads.
9
$
$
A tchison T. & S. F e .. Gross. 1,205,350 1,684,358 4,579,194 5,996.041
N et... 240,605 788,402 1,201,168 2,833,751
Cairo Vine. & C h ic...G ross.
54,552
50,022
220.537
222.052
N et...
12,030
1,664
53,546
43,539
Central o f N. Jersey.G ross. 1,006,326 987,349 3,678,724 3,373,843
N et... 451,513 483,354 1,538,131 1,486,435
Ches. O. & Southw’n.Gross. 140,917 127,364
618,068
549,969
N e t...
45,105
37,163
195,273
197,114
Chic. B url.& N orth’n.Gross. 127,987 207,742
475,269
829,245
N et... def.2,780
19,922 def.2,698
205,765
Chicago Burl. & Quin.Gross. 1,703,844 2,197,899 6,272,845 8 983.20Ì
N et... 154,681 910,131
8 5,155 4,266,328
Cleve. Col. Cin. & Ind. Gross. 567,778 565,733 2,307,626 2,328,629
N e t... 141,829 128,946
566,513
684,231
Georgia P acific............ Gross.
94,372
85,571
416,971
351.862
N e t...
27,091
28,871
90,282
103,787
Minn. & St. Louis . . . . Gross. 102,416 113,552
398,411
496,834
N e t...
21,906
14,219
61,553
117,o69
77,934
New B runswick........... Gross.
73,567
253.537
235,529
N e t...
27,198
27,082
67,196
35,411
Ohio R iver.....................Gross.
33.181
114,139
20,864
72,579
- ' F 6;
;
/ N et...
13,328
5,926
42,208
lu ,725
Oregon Im p. Co.............N et... 129,297
77,774
300,635 . 212.399
Oreg. R y. <& Nav. Co.Gross. 478,053 437,548 1.754,631 1,409,750
N et... 141,273 175,184
535,724
471,389
Scioto Valley .............Gross.
48,869
53,687
207,757
231,789
N et...
6,714
37,168
Southern Pacific Co.—
Galv. Har. & San A .G ross. 316,094 276,943 1,255,064
975,183
N e t...
82,457
20,102 304,983
28.10t)
Louisiana W estern.Gross.
75,960
61,512
303,384
242,877
N et...
37,149
20,911
146,067
97,299
M organ’s La. & Tex.Gross. 413,022 316,894 1,784,462 1,314,848
N e t... 106,994
53,936
543,944
150,706
N. Y . Texas &M ex. Gross.
8,655
15,648
32,092
47,527
N et... def.4,422
1,694 def.22,990 def.6,442
T exas & N . 0 ............. Gross.
110,820 95,597
451,071
362,584
N e t...
29,275
31,588
123,156
139,888
Total A tlantic S ys..G ross. 924,551 766,594 3,826,069 2,943,017
N et...
251,453 128,232 1,095,159
409,552
ToL & Ohio Central ..G ross.
83,761
73,263
374,889
315,790
N et...
28,317
18,999
139,211
111,014
Union P a c ific ........... Gross. 2,539,243 2,342,155 8,698,120 8,326,787
N et... 1,116,683 846,350 3,170,911 2,816,080
,------- March.--------,
■
— Jan. 1 to Mar. 31.—.
1888.
1887.
1888.
1887.
Roads.
$
$
$
$
C entral P a c ific .......G r o s s . 1,228,948 1,115,960 3,414,242 2,635,363
N et...
470,788 505,300 1,269,903 1,061,043
9
9
77,934
27,198
83,761
28,317
73,567
27,082
73,263
18,999
9
9
773,035
710,666
251,397
161,267
.—July 1 to Api. 30.-%
1887-8.
1886-7.
9
9
707,604
237,618
989,314
366,680
665,628
181,487
806,437
k81,484
y--------- A pril.------- \ /—Oc'. 1 to A p ril 30.-%
1888.
1887.
1887-8.
1886-7.
$
9
$
9
94,372
85,571
808,174
633,808
212,672
N et...
27,091
28,871
227,984
,-------- March.-------- , /—Dec. 1 to Mch. 31.--%
1888.
1887.
1887-8.
1886-7.
N et;..
..G ross.
Tol. & Ohio Central..
N et...
700
4,553
9
54,552
50,022
12,030
1,664
------ A pril.--------,
1888.
1887.
9
Road.
G eorgia Pacific.
1,693
552,469
428,376
1887.
9
,----- —A pril,—----- \ /—M ay 1 to A p ril 30.—%
1888.
1887.
1887-8.
1886-7.
Net Earnings Monthly to Latest Dates—The tables follow
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received
but not kept standing from week to week. The first state,
ment includes all roads for the latest month and from Janu
ary 1, 1888; following that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
with the calendar year.
N et...
So. D iv. (C al.).......
1888.
9
MONTH AND FISCAL YEAR.
6,808
705
7,070
14,640
194,931
2,039
12,211
9,07->
150
125
100
1887.
9
O regon Im p. C o .....
23,700
5,341
-J a n . 1 to M a rch 31-
-M a r ch .-
1888.
R oa d s.
4,691
2,487
(V ol , XLVI,
Company.
O regon Imp. C o .... ..Gross.
N et...
9
9
466,440
66.H52
299,916
73,707
$
1,545,271
247,111
9
1,060,327
179,118
ANNUAL rcrvr'ORTS.
Chicago Bock 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 of
$311,703. In the income account for 1887-88 the premium on
bonds sold, $844,000, is included, thus making the deficit ap
pear as a surplus of $585,753.
The report says: “ The proceeds of the sale of $21,960,000
of five per cent extension bonds, and bond certificates, have
been used in building extensions of this company’s system of
railway lines, viz : The Wisconsin Minnesota & Pacific Rail
way, the Saint Joseph & Iowa Railroad, the Chicago Kansas
& Nebraska Railway.
“ The entire isme of the six per cent first mortgage bonds,
$21,960,000, of above companies, and also a majority of the
capital stock of the same, are owned by this company, and
are held by trustee as security for our issue of five per cent
Extension and Collateral bonds.
Passenger earnings in comparison with the previous year
show an increase of $391,585, or 12 64-100 per cent.
The rate per passenger per mile for the year ending March
31, 1887, was 2 328-1,000 cents, and for the year endiDg 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) increased $524,895, or
11 4-10 per cent, and the revenue from local freight increased
$239,006, or 6 96 100 per cent.
CHICAGO KANSAS & N E B R ASK A R A IL W A Y
|
The Chicago Kansas & Nebraska Railway Company was
organized under the laws of the State of Kansas, March 17,
1886, with a capital stock of $15,000,000, which under an
amended charter, dated June 8, 1887, was increased to
$30,000,000. The bonded indebtedness of the company is at
the rate of $15,000 per mile for 1,030 mil s of completed road,
and for equipment $2,550,000, being amount actually expended
for locomotives, cars, &c„ or at the rate 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 these bonds, toge
ther with the entire capital stock of the company—with the
exception of small amounts of stock conveyed to municipali
ties along its line, in consideration of aid bonds voted—is
pledged to the C. R. I. & P. Ry. Co. as security for advances
made by said company, amounting, March 31,1888, to $21,185,734, which amount includes $816.423 expended for terminal
facilities at Kansas City, Mo. Track laying began Oct. 1, 1886,
and 1,113 miles of road, including 67 2-10 miles leased, was in
operation March 31, 1888.
The statistics of operations, earnings, charges, &c., and the
balance shfet, of the C. R. I & P. RR. for four years, have
been compiled for the C h r o n i c l e as follows:
Miles owned & op er.
O perations —
1883-84.
1,384
$
1884-85.
1,384
$
1885-86.
1,384
$
1886-87.
1,527
$
Passengers carried.
2,848,900
3,121,607 3,517,624
3,720,334
Passenger m ileage.. 1 2 2 .6 18,23s» 129,20-1,401133,091,642 142,578,651
Rate per pass.p.mile
2-466 ots. 2-420 cts.
2-328 ots.
2*336 ets.
Freight (tns) carried 3,980,502
3.873,605 4 ,1 -0 ,1 0 9
4,970,496
Freight (tons) mile*. 780,944 261 719,972,565 793.824,454 941,661,006
1-01
ots.
0*93 cts.
A v.rate p.ton p m ile
l*w4 cts.
1-07 cts.
$
E a rn in g s —
$
$
$
3.097,916
3,023,884
3,127.258
3,489,501
Pa-senger.................
8,037,453
F r e ig h t ............
8.144.142
7,713,659
8,801,354
1.218,872
M ail,expr’s,r’nts,<fce
1,038.835 1,163,»31
1,183,681
Total gross earns.
12,^06,911 12,004,348 12,319,050 1 3 ,509 ,727
* Company’ s freight n ot included.
J une
THE
9, 1883.]
1884-5.
$
C H R O N IC LE
1885-6.
1886-7.
1887-8.
1,414,203
1,054,517
3,946,749
391.871
359,553
1,658.784
1.044,913
4,032.704
394,858
373,550
1,896,678
1,280,533
4,897,479
355,948
311,422
$
$
gross earnings, due to the general improvement iu business,
and the further development of the territory tributary to the
road. The expenses continue heavy, in consequence of theextensive repairs to equipment and roadway, and extraor
dinary renewals and betterments in the way of new iron
bridges, steel rails and fastenings, cross-ties, bridge lumber,.
&c. These disbursements have materially improved the
physical condition of the property.
$
Operating cxpen'sM aint. o f w ay, &c .
Mainr. o f equipm’ t
Transp’rt’n exp ’ ses.
T a x e s ..._____ . . . . . .
M iscellaneous t .......
1,391,554
719, '31
4,3!-9.281
294,607
355.548
T ota l...................
N et earnings. . . . . . .
P .c .o f op .ex.to earn.
t Includes lost and
killed, &c.; repairs o f
7,166.893
7,504,809
8,742,030
7,160,324
4,837,453
4,814,241
4,767,667
5,046,587
5970
6092
6471
58*65
dam aged goods, &c.; injnries to persons, cattle
telegraph; contingent account; legal expenses, &o
EARNINGS AND EXPENSES.
INCOME ACCOUNT.
Receipts—
Net earnings............
P rom land departm ’t
Int. from prop, roads
Prem . on 5 p.c.toonds.
1883-4.
$
5,046,587
330,000
.............
......... .
Total in c o m e .....
5,376,587
Disbursements—
$
B en t leased roads ..
301,121
Interest on d e b t . . . . . ' 1,094,750
D ividen ds......................... 2,937,186
B ate per c e n t . . . . . . . .
7
A d d ’n and imp. a cc’t.
750,000
M iscellaneous*.........
196,344
1884-5,
1885-6.
4,837,455
310,000
4,814,240
230,000
1886-7.
$
4,767,667
220,000
$
193,170
844,000
5,147,455
$
5,044,240
6,024,837
$
$
301,995
1,213,250
2,937,186
7
463,000
164,784
303,762
1,320,667
2,937,186
7
411,400
1,810,778
3,010,518
7
170,922
206,388
5,279,401 5,080,215
T otal disbursements.
97,186
67,240
B alance, su rp lu s....
* Includes rental and tolls Mo. B iver Bridge.
4,732,537
311,703
5,439,084
585,753
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1885-6.
1881-5.
Assets—
$
$
B R .,bldgs.,equip.,& c. 60,076,755 60,366,236
Stks & bds. o w ’d,cost. 7,974,389 10,233,418
A d v a n .to C .K . & Neb. s . . . . . . . .
356,280
M aterials, fuel, & c ...
342,067
1,728,340
Cash & cash ite m s ... 2,324,271
72,684,274
T otal assets.........70,717,482
In a b ilities—
$
1886-7.
$
1887-8.
1886.
255
1 8 8?.
255
$196,613
461,358
82,683
$199,03 T
635,884
6 7 ,»41
Total................................... .......... .$694,892
Operating expenses and ta x es....... . 670,161
$740.654
661,379
$902.862
*773,546
$79,275
$129,316
Net earnings.................................
* In addition, $170,766 were spent for renewals, betterments, &c., ancL
not included liere.
INCOME ACCOUNT.
1885.
Net earnings...................................... . . $24,731
1886.
$79,275
1887.
$129,316"
Interest on d eb t................................. .$398,540
Interest on car trusts....................... . 19,109
8,969
Interest on receiver’s certificates..
32,850
R ental o f equipm ent......... .
23,203
Interest and d iscount......................
Extraordinary expenses, worthless
13,725
accounts, &o....................................
$398,540
5 465
17,373
42,142
23,409
$420,145
12,786
18,345
5,227"
2 4 ,6 2 »
2,788
1 2 2 ,0 2 »
Charges —
60,879,380
8.660,058
7,786,242
685,452
3,731,981
61,712,757
12,821,397
21,185,735
785,767
2,739,690
81,743,113
99,245,346
Columbus & Hocking Coal & Iron Company;
( For the year ending March 31, 1888.^
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 o f
proper railroad equipment. For the year ending March 31,
1887, the total coal shipments of the company were 957,483
tons, and there should have been shipped from the mines of
the company during the past year fully 1,100,000 tons; but the
company actually shipped 690,563 tons. The reason for this
falling off in tonnage does not lie within the company, but has
been owing wholly to the lack of proper railroad facilities.
For the above reason, the No. 15 and No. 29 mines of the com
pany have been closed, and in. order to place the company in
a more independent position, tht No. 3 mine, located upon the
Baltimore & Oaio Railroad, has been equipped for a large
capacity, and they expect within a short period a monthly
output from that mine of 30,000 tons.
On improvement account there has been spent upon the
property for repairs and improvements during the year
$37,751, which amount has been charged to the operating
expense of the company, although a considerable part of it
Could legitimately be counted as improvement.
$
81,743,113
99,245,346
i Includes $5,000,000 Chicago & Southwestern bonds guaranteed.
South Carolina Railway.
( For the year ending December 31,1887.^
The annual report for 1887 says: “ Tne earnings of the com
pany for the last nine months of the year were in excess of
those for the corresponding period of any year since 1883, and
the deficiency for the year was caused by the very small earn
ings of January, February and March, which were the lowest
since the present company was organized. The earnings for
this period in 1888 promise to nearly equal those of 1883, which
were much the largest this company has had. The expenses,
while much less than in the exceptional year of 1886, have
been greater than in any previous year, and the increase has
been entirely due to the much larger amount of tonnage
transported.” * * *
“ The expense of maintaining and repairing the roadway and
equipment for the past six years has aggregated $2,047,525,
averaging $341,254 per annum. For 1887 it amounted to $331,483.” * * *
“ During the year the bonds outstanding prior in lien to the
first consolidated mortgage bonds have been reduced to $302,548, of which $8,000 are not due until July, 1907, and $178,000
have been extended at 5 per cent until January 1, 1892. The
remainder will be paid and canceled. ”
The following tables for four years have been compiled for
the C h r o n i c l e :
INCOME ACCOUNT FOR YEAR ENDING MARCH 31, 1888.
E a rn in g s...........i .......................................... ................$1,346,336
Operating expenses....................................................... 1,154,423
Net re ce ip ts..................................................... ............ ..........■ $191,912
Disposed of as follows:—
Interest on bon ds...............
T a x e s .................................
Im provem ents o i Greendale F urnace.......................
Im provem ents o f M ine No. 3 . . . . .........
1884.
1885.
1886.
$
$
$
* 390,257
377,850
385,999
42,881,613 40,091,676 39,114,996
2*12 ets.
2*04 cts
2*03 cts.
$
$
279,769
279,143
284,205
893,859
815,975
781,181
59,664
56,722
54,674
1887.
469,548
45,840,503
1*95 cts.
282,316
872,715
62,361
T otal gross earnin gs..
Total operating exp’ s.
1,233,292
85U.568
1,151,840
823,684
1,120,060
982,656
1,217,392
902,523
N et e a r n in g s ....,.......
P .c. o f op. ex. to earns
382,724
68*96
328,157
71-51
137,404
87-73
314,869
7416
INCOME ACCOUNT.
Receipts—
N et earnings................
Other receipts............
T ota l net in c o m e ...
Disbursements—
Interest on d eb t.........
M iscellaneous..............
Total disbursem’ts..
B alance............... ..
1884.
$
382,724
5,880
1885.
$
328,156
30,271
388,604
358,427
159,853
320,683
382,722
252
374,524
8,020
386,437
813
389,643
l,t>98
1886.
$
137,404
22,454
1887.
$
314.869
5,814
382,974
382.544
387,250
391,641
sur. 5,630 def. 24.117 def. 227,392 def. 70,958
Shenandoah Yalley Railroad.
(F or the year ended December 31, 1887.
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 ft om
the extraordinary expenses. There has been a large increase in
$60,000
12,000
5,278
4,440
8 1 ,7 1 »
Surplus fo r the y e a r ...................................................................
$110,193
GENERAL BALANCE SHEET.
OPERATIONS AND FISCAL RESULTS,
Operations—
F reight (tons) m oved.
F reight (tons) m fl’geA v . rate $ ton $ mile.
D arning*—
Passenger....... .
F reigh t ........................
M ail, express, & c.......
$24,731
$603,156
T o t a l.................... ........................ $501,397
$439,717
D eficit fo r y ea r................................... $476,666
$410,542
$ 4 73,8 40
N o t e .—The above incom e account em braces full interest: and all
charges for the entire year. The total deficit to Deo. 31, 1837, w a *
$2,275,097.
$
'2,68 4,27 4
1885.
Miles operated................................... .
255
E a rn in g s fr o m —
Passengers........................................... .$198,506
Freight................................................. . 400,848
Mail, express and m iscellaneous... . 95,538
$
Stock, c o m m o n ....... 41,960,000 41,960,000 41,960,000 46,156,000
B o n d ed d eb t................ 20,500.000 21.460,000 .29,360,000 (41,469,000
8,213,000
8,213,000
8,213,600
A ddit’ n & imp. acc’ t.. 7,750,000
789,036
1,954,366
MH------506,751
30,199
A ccou nts p ayable___
2<>,O0O
564,850
Unused prem ium s.......................
1,441,980
856,227
544,523
Profit bal. ino. acc’ t..
477,283
T otal liabilities... 70,717,432
73T -1
Resources.
R eal / estate and im
provem ents ..................$5,099,682
In v e n to ry .. . . . . . . . . . . . . .
321,257
30,565
O sh .
120,018
Bills re ce iv a b le ............
244.973
A ccounts r e ce iv a b le ...
RR. account*» receivable
54,007
31,727
R oyalties advanced . . .
10,964
American coal com pany
60,047
Northwestern docks . . .
Liabilities.
Capital s t o c k ..................$4,700,000
First m ortgage b on d s.. 1,000,000
Bills p a y a b le ...___ . . . . .
54,000
Accounts payable . .......
85,487
$5,839,487
Balance o f incom e ac
count .............. ............ $
133,755
$5,973,243
GENERAL IN VE STM EN T NEW S.
Central Pacific.—The earnings, expenses and fixed charges
for March, and from January 1 to March 31, were as follows.
The mileage is 1,410, against 1,382 last year.
- idarch.1888.
1887.
Gross earnings . . . . . . . $1,228,948 $1,115,960
758,160
610,660
Operating expenses
$505,300
-Jan. 1 to March 31.1887.
1888.
P3,414,242 $2,635,363
2,144,339
1,574,320
$1,269,903
3.131
Net ea r n in g s..........
R ental leased lines. . . .
$470,788
1,043
Net incom e . . . . . . . .
F ixed charges*............
$471,831
414,645
$1,273,034
1,239,954
Net profits.................
$57,186
$33,080
$1,061,043
Includes interest, rentals, additions and betterm ents, taxes and U. »*■
duos.
738
THE
C H R O N IC LE .
[V ol. XLVL
Chesapeake & D«*laa are Canal.—At the annual meeting operating expenses for that period, and a statement of its es
o f the Chesapeake A Delaware Canal Company, the following timated gross earnings from April 1 to date. From these it
appeared that the gro-s earnings since January 1 show a uni
financial statement was presented :
form and continual decrease from those of the same time
R eceipts during the year endiusr M ay 3 1 ,1 8 8 8 , from to lls....... $190,089
Receipts during the year ending M ay 31, 1880, from other
nAn during the previous year, and that the net eirnings so far as
sources......................................... .......................-..........- ..............
6.242 ascertained fell far short of the interest on the company’s
$196 331 bonded indebtedness which accrued during the months for
E xpenses o f maintenance o f canal............................. ...................
54,206 which the net results were ascertained. That the months of
April and May would undoubtedly show similar results. It
$142,125
Interest on m ortgage loan ($2,602,950) at 5 per c e n t .............. 130,147 was evident from this that to meet the coupons falling due
June 1 the company would have to borrow the entire sum of
Leaving a surplus o f . .................................................................. $11,978 money necessary for that purpose.” * '* * * *
“ They were notified that coupons on the following issues of
Chicago & Eastern Illinois.—For the six months ended
December 81, 1887, gross earnings were $1,126,643; operating the bonds of this company falling due June 1 would not be
paid :
expenses, $644,727, and net earnings, $481,916.
A m t. I n t.
Chicago & Indiana Coal.—The gross receipts from traffic
F irs t m ortgage—
A m t. bonds.
d u e J u n e 1.
and investment for the year ending December 31, 1887, were Merriam Junction to Albert L ea ................... $ 950.000
$33 250
1,015,000
35,525
$1513,700; operating expenses and fixed charges, $452,747; sur Iow a E x te n sio n ...................... .......... ..............
636,000
22,260
plus, $60,953; dividend,
per cent on preferred stock, Southwestern E xten sion..................................
$91,035
$21,978.
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 will show the result of its operations since that time
summary of the approximate results is given in the so far a* the figures are made u p :
press dispatches. Messrs. A. G. Dulman, David P. Kimball,
J u n e 30 to D ecem ber 31—
1887.
1886.
Chauncey M. Depew, Samuel F. Barger, Albert Keep and M. Earnings ........................................................................ $762,418
$861,849
503,307
524,299
L. Sykes were re-elected directors for a term of three years. Expenses and ta x es........... .............
‘The following officers were unanimously elected: Albert Keep,
N et..........................................
$259,111
$337,549
Chairman of the board of directors: Marvin Hughitt, Presi
D t c r e a s e ................................................................
78,438
dent; M. L. Sykes, Vice-President, Treasurer ana Secretary;
J a n u a r y 1 to M arch 31—
1888.
1887.
$295,995
$383,281
J . B. Redfield, Assistant Secretary and Assistant-Treasurer; Earnings.......................
Expenses
and
ta
x
es..............................
256,347
280,131
S. O. Howe, Assistant-Stcretary and Assistant T»easurer in
New York; Executive Committee—Albert Keep, M. Hughitt,
N e t.......................................................................
$ - 9 ,6 4 7 $ 1 0 3 ,1 4 9
D e c re a se .................................................
$ 6 3 ,5 0 2
W. L. Scott, A. G. Dulman, C. M. Depew, H. McK. TwomA p r il 1 to M a y 21 —
bley, Samuel F. Barger, David P. Kimball.
E a rn in g s, gross, e s t i m a t e d ........................
$ 1 7 2 ,2 6 4
$ 1 9 2 ,6 6 9
For the year ending May 81,1888 (May beiog partly esti
D ecrea se...............................................................
$ 2 0 ,i0 5
In te rest p a id sin ce J a n u a r y 1, 1 8 8 8 —
mated), the gross earnings were $26,697,105; operating ex
M
a
rch
1
,
o
n
real
esta
te
b
o
n
d
s
.................................................................
00
penses, $15,996,687; taxes, $757,799; net earnings, $9,942,618; A p ril 1, o n P a cific E x ten sion b o n d s ........ ................. ......................... $4 31 ,0
,4 6 0
interest on bonds, $5,244,428, and sinking fund, $58,000, leav M a y 1, o n M in n eap olis & D u lu th b o n d s ............................................
9 ,8 0 0
ing net receipts of $4,640,190. Dividends on stock amounted
T o t a l....... .......................................................... .................................... $ 5 4 ,2 6 0
to $3,444,504, leaving a surplus of $1,195,686 To this is added
a n n u al in terest ch a rg ed o n a ll b on d s ou tsta n d in g is ............$ 5 9 7 ,4 4 0
the surplus of the lines west of the Missouri River, $172 220, TT hh ee m
on th ly p ro p o r tio n o f a b o v e i s . . . ...........;___ ' . ........................ $ 4 9 ,7 8 6
and net receipts from land grants and town lot sales, $467,884,
“ It will appear by the foregoing that the net earnings of
making a total of $1,835,790. The board of directors declared
the usual dividend, 3 per cent semi-annual on common the company during the best six months of its business year,
from July 1,1887, to December 31,1887, fell short of the inter
stock and 1% quarterly on preferred stock.
accruing during that period by the sum of $39,609, and that
Cleveland Columbus Cincinnati & Indianapolis.—The est
January 1, 1888, the showing is still more unfavorable
following statement shows the earnings, expenses, charges, since
this particular, the net earnings being $109,712 less than the
Ac. (including the Cincinnati & Springfield and Indianapolis in
interest accruing during the first three montns of the year. _
A St. Louis) for the month of April, and for four months.
“ The earnings during the last half of 1887 were so unsatis
------------A p r i l . ------------ . r—Jan. 1 to A p r il 30.— .
1888.
1887.
1888.
1887. - factory that under instructions of the board the company did
■Gross earnings..........
$567,778
$565,733 $2,307,625 $2,328,*-29 not pay the interest ($120,006) due January 1 on the Improve
Operating expenses.
425,949
436,787 1,741,113
1,644,398
ment and Equipment bonds.” * * *
After mentioning the severe weatber and the notorious war
N et earnings..........
$141,829
$128,946
$566,512
$684,231
in rates as the immediate caus°s for this default, he says of the
Interest, taxes, & c ...
158,350
170,750
633,286
684,514
latt r: “ This wanton, aimless, causeless conflict covered an
Balance, d e fic it....
$16,521
$41,804
$66,774
$ 2 -3 extent of territory and incurred losses which cannot be esti
A dditions to p rop’ty.
18,520
57,570
74,155
339,712
mated, but were enorn ous, and in its every feature it stands
D e ficit.............. ..
$35,041
$99,374
$140,929
$339,995 without a parallel in the history of railroading.”
As to the more lasting reasons, he remarks that they are
Colorado Midland.—The board of directors of the Colo “ most sen« us and far reaching in their effects, even threaten
rado Midland Railway Company has elected as President, John ing the prosperity and stability of what have hitherto been
■Scott, formeily President and General Manager of the Queen considered the most valuable railway prop rties in the North
ard Crescent Route. He succeeds J. J. Hagerman, who re west.” * *
signed on account of ill health.
“ Unquestionablv o f these the first in im portance is the over-produc Dayton Fort Wayne & Chicago.—At Dayton, Ohio, June 5, tion o f railways in the Northwest, stimulated b y the m arvelously rapid
at the antual meeting of the stockholders of the Dayton Fort growth and developm ent o f Minnesota and Dakota during the years
1881 to 1887. To-dav there are six great trunk lines striviog for the
Wayne A Chicago Road, the following dir. ctors were chosen: business
passing between Chicago a d the East and South, and the
Nelson Cromwell of New York, George C. Comstock of New cities o f St. Paul and Minneapolis and the country tributary to them,
York, George C. Wattles of New York, John C. Combs of which m ay be described as the territory ly in g north and northwest o f a
drawn East and West through the southern boundary line o f the
Boston, George W. Hoadley of New York, Alfred Jaretzki of line
o f Minnesota.
New York, Eugene Zimmerman of Cincinnati, Judson Har- State
“ in addition to the six lines mentioned, the Minneapolis Sault Ste.
men of Cincinnati, R. D. Marshall of Dayton, Richard Folsom Marie & Atlantic R ailway (“ Soo” Line) recently completed, with its
o f Cincinnaii, T. E. Burton of Cleveland, F. H. Short of Cin Canadian rail connections and lake connections nearEoanaba, is now
portant com petitor for the traffic of this Northwestern country.
cinnati and Julius Dexter of Cincinnati. The board organ an“ im
But the most im portant fa ctor o f all in the sitúa ion are the lines.to
ized by selecting Eugene Zimmerman of Cincinnati President fo Lake Superior, from the cities o f St. Paul and Minneapolis. There are
tw o o f these now and a third is under construction. W ith a rail haul o f
and Alfred Jaretzki of New York Secretary.
about 150 miles, ib ey form connections with boat lines whose rates
Denier & Rio Grande.—The new board of the Denver A to and from tbe seaboard are substantially the same as are made by the
Rio Grande Railroad directors has organized by electing Mr. boat lines to and from Cbicago and Lake Michigan ports, to reach w hich
rail haul o f the six Chicago lin s is over four hundred miles.
George Coppell Chairman, D. H. Moffatt President and R B. the“ Yaverage
et to-day the avowed p olicy o f at least tw o o f these lines is to pit
Minturn Vice-President, Action on a dividend for the pre their
four hundred mile haul against that o f one hundred and fifty miles
ferred stockholders was postponed, because the company has to Lake Superior, and meet w hatever rates on seaboard business are
e via the latter route. The result o f such a policy on these proper
made contracts involving large expenditures for standard- m adis
not difficult to foretell.”
*
*
*
*
gauging, Ac., these changes being considered absolutely neces ties
“ Another serious m enace to the railw ay interests is the attitude o f the
sary for the protection of its business.
people towards them as evidenced by recent legislation regulating rail
ways, the control thereby given railroad comm issioners over rates and
Mineral Range.—The Mineral Range Railroad has passed revenues,
and by the decisions o f the courts sustaining the legislatures
into a receiver’s hands for the non-payment of the first mort in these laws and the commissioners in their arbitrary and unjust ruling
under
them.
A recent decision o f the Supreme Court o f Minnesota
gage bonds, amounting to $200,000, which matured June 1,
that the authority o f its railroad commissioners in fixing reason
with interest for one year. This is a narrow guage road run says
able m aximum rates is absolute and cannot be review ed or questioned
ning from Hancock to Calumet. Its traffic is local. It was in the courts. These commissioners are appointed by the Governor o f
secured two years ago by Henry S. Ives. This default does the State, and, as custom ary with all such appointments, they are a
not affect the Hancock A Calumet Railroad. Charles A. 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,
Wright is the receiver.
and always w ill be, handled with a view to making the m ost political
Minneapolis & St. Louis.—In a circular addressed to the capital for the party in pow er, with a constituency only too ready to
hold the railway interests responsible f t their m isfortune5» or lack o f
bondholders of this railway company, the President, Mr. W. prosperity
from whatever a use they spring, whether a devastating
H. Truesdale, says in regard to the default on June 1:
hailstorm or the low price o f wheat in tbe markets o f the world.
“ The present Minnesota Railroad Commission has rendered a number
“ At a meeting of the board of directors of the Minneapo
o f decisions adverse to the railway interests which are notoriously un
lis A St. Louis Railway Company, held on the 24th of May, the fair
and unreasonable. The m ost charitable explanation o f some of
President submitted a rt pore of the operations of the company these rulings is, that b y them they are best serving or forwarding the
Trom January 1 to March 31, 1888, covering its earnings and political or private interests o f the party, or some o f its prom inent
J une
9, 1888.J
T H E C H R O N IC LE .
leaders, tor -whom they are indebted fo r the im portant positions they
occupy.
“ M innesota is not alone in its attitude o f hostility towards its rail
ways. The Iow a Legislature recently passed a most radical measure
regulating the railways o f that State, and clothed its railroad com m is
sioners with increased authority, including the pow er to fix rates. One
feature o f the law being, that the rates in any other 8tate on any o f its
railways, m ay be considered prima facie evidence o f the reasonableness
o f such rates a« ju stifying their application as the maximum rates on
the same railway within the State o f Iowa. Thus emphasizing in a most
startling manner the danger and folly o f railways m aking the low rates
that have been and are in effect in certain territory.
“ The Inter-State Commerce Law contains a number o f features which
are o f undoubted advantage to the transportation interests o f the coun
try at large. This, however, cannot be said o f its long-and-short-haul
feature, and in particular as applied to the Nortuwest; neither can its
prohibition o f pooling be regarded other than as prejudicial to these
interests. Past experience lias proven that the most effective means of
m aintaining equal and uniform rates on lines o f com peting railways
was by the form ation o f a p o o l; the unsat’sfactory workings o f the vari
ous traffic associations o f such railways since the Inter-State Law took
effect, o n ly adds p roof to the value o f the pool fo r this purpose.” * *
“ To more clearly show the effects o f these conditions on the rates on
the traffic o f this com pany, com parison has been made between the
tariffs in effect now and fo r the past six months, w ith those o f 1885,
with the follow in g resu lts:
“ On grain between points on this line and Chicago, reduction 2 9 ^
per c e n t ; on merchandise between the same points, reduction 29 per
cen t; on grain between St. Paul and Minneapolis and all other points on
the line, reduction 17 per c e n t; on merchandise between the same, re
duction, 15 *2 per cent.
“ From these figures m ay fa irly be approxim ated the average reduc
tion in rates on all the traffic o f this com pany w ithin som ething less
than three years.”
789
20,613, 20,959, 21,072, 21,418, 28,595, 28,768, 28,941, 29,057,
29,230, 29 403, 29,576, 29,749, 80,062, 30,235, 30.408,
30,754, 30,927, 31,051, 81,224, 31 570, 31,916, 32,099,
32,445, 32.618, 32,791, 32,964, 33,204, 33,723, 33.896,
34,175, 34,348, 34.521, 34.694, 34,867, 35.055, 35,228, 35,401,
35,574, 35,747, 35,920, 36,081, 36,427, 36,600, 36 773,
37,091, 37 264, 37.437, 37 610, 37.783, 37,956, 38,428,
38.774, 39,060, 89,233, 39 405, 39,753, 40 057, 41.378,
41.897, 42.441, 42,614, 43.256, 43,602, 44.053, 44,226,
44 572, 44,918, 45,026, 45,199, 45,718, 46,759, 4-,932,
47,284, 47,580, 47,926, 48,091, 48.264. 48,437. 48,610,
48,956, 49.079, 49,252, 49,598, 49 944, 50.227, 50.573, 50,919,
51,099, 51.272, 51,445, 51,618, 51,781, 51.954, 52,052, 52,225,
52.393, 52,571, 52,744, 52,917, 53,179, 53,352.
These bonds will be paid at 110 and accrued interest upon pres<entation at the office of the Central Trust Co.. No.'54 Wall St.,
New York. Interest will cease on and after July 1, 1888.
S t . P a u l M i n n e a p o l i s & M a n i t o b a R a i l w a y .— First mort
gage sinking fund seven per cent land grant gold bonds at 105
per cent and accrued interest, payable out of the proceeds o f
sales of land. The bonds so drawn will be paid at the office
of John S. Kennedy, Nos. 40 and 42 Wall Street, New York?
interest will cease July 1; 85 bonds of $100 ea-h:—71, 92, 107,
113, 195, 219, 230, 311, 331, 333, 354 356. 389, 391, 396, 398, 411,
424, 458, 462, 675, 689, 722, 738. 805, 834, 882, 965, 966, 1017,
1076, 1082, 1118, 1140, 1141, 1157, 1177, 1207, 1227, 1261, 1267,
Missouri Kansas & Texas.—After a conference between 1269, 1281. 1287, 1283, 1300, 1305, 1311 1326. 1344. 1391, 1*08.
the directors of t* e Missouri Kansas & Texas Railroad Com 1409, 1418, 1425, 1462, 1555, 1608, 1617, 1695, 1717, 1900, 1923
pany and the Adams committee of the general mortgage 1970, 1981, 1984, 1995, 2001, 2032, 2010, 2043, 2048, 2063, 2065,
bondholders, it was agreed in behalf of all interests that the 2067, 2074, 2084, 2107, 2110, 2120, 2125, 2137, 2143, 2154, 2197.
Fifteen bonds of $500 each:—11, 29, 88, 102, 143, 145, 176,
Mercantile Trust Company, as trustee, should at once begin
’
’
proceedings for the reo ganization of the company. It is un 198, 214, 230, 296, 329, 333, 346, 379.
284 bonds of $1,000 each:—9, 17, 30, 55, 61, 84, 94 184 207
deretood that application for the appointment of a receiver
will b9 made within ten days before Judge Brewer at Leaven 208, 220, 221, 238, 291, 306. 307, 335, 342, 353, 405 419, 440 451*
worth, Kan. This will not hinder the proposed investigation, 486, 492, 525, 533, 5S0, 592. 608, 625, 638. 656. 714 715, 716 754*
atid the Committee, Messrs. G Clinton Gardner, Tnomas B. 762, 773, 857, 887, 895, 926, 961, 998, 1015, 1026,1047, 1050,1072*
Atkins, and W. P. Robinson, accompanied by Vice-President 1082, 1097, 1149, 1153, 1217, 1234, 1304, 1435, 1447, 1448 1471
1507, 1539, 1551, 1560, 1609, 1653, 1717, 1758, 1767, 1782, 1786*
H. K. Enos, will leave soon for their trip over the road.
tm> 1881, 1883, 1893, 1911, 1952. 1963, 1972, 2096, 2134, 2152.*
Ohio Indiana & Western—Indiana Bloomington & West 2175,
2192, 2243, 2265, 2328, 2347, 2^66, 2369, 2331, 2386, 2420
ern.—At the meeting in Indianapolis of the' directors of the
2425, 2586, 2657, 2662, 2672, 2693, 2767, 2797, 2821, 2861, 2372*
O. I. & W. Railroad, the President was a uthored to execute 2'90,
2947, 2977, 3001, 3013 3032, 30S0, 3091, 3094, 3096*
mortgage and bonds in lieu of old Indiana Bloomington & 3105. 2939,
3110, 3141, 3231, 3355, 3383. 3441, 3578, 3591, 3733, 3789*
Western indebtedness.
3819, 3886, 3920, 3923. 393*, 3990, 3991, 4002, 4009, 4037, 4061
Philadelphia & Eeading.—Subscriptions to the new Read 4075, 4078, 4145, 4171, 4190, 4223, 4233, 4235, 4250, 4266. 4272!
ing bonds were closed peremptorily at noon on Wednesday, 4292, 4344, 4379, 4397, 4405, 4408, 4436, 4450, 4487, 4490, 4495
although they had been open only two hours. In that time’ 4509, 4510, 4517, 4520, 4537, 4548, 4587, 4611, 4631, 4647. 4722*
they amouated here to considerably m >re than the whole 4753, 4761, 4764, 4778, 4782, 4815, 4819, 4843, 4893, 4926, 4938*
amount offered in this country and in Europe. In regard to 4971, 4994, 5040. 5041, 5044, 5064, 5120, 5128, 5148, 5155, 5201*
the price of 873^, at which the bonds were offered, Mr. J. Pier- 5215, 5256, 5257, 5290, 5320, 5326, 5337, 5352, 5368, 5388, 5403*
pont Morgan is reported as saying that the price was relatively 5407, 5414, 5464, 54*5, 5510, 5515, 5541, 5585, 5*46, 5669, 5710*
above that of the Biltimore & Ohio 5 per cent loan recently 5728, 5733, 5757, 5767, 5777, 5783, 5799, 5842, 5885, 5889, 5913
negotiated by his firms, and of the Rock Isl md 5 per cents 5961, 6000. 6019, 6050, 6066, 6069, 6125, 6138, 6199, 6308* 6327*
previously marketed. This negotiation, he said, places the 6334, 6364, 6368, 6445, 6467, 6520, 6523, 6542, 6635, 6663, 6679*
credit of the Reading Railroad on the same plane with that of 6712, 6743, 6749, 6806, 6807, 6310, 6330, 6870, 6970, 6996, 7017*
those companies. The great success of the loan is of immense 7021, 7064, 7067, 7112, 7133, 7162, 7200, 7219, 7231, 7253, 7258*
value to the Reading Company.
7267, 7282, 7304, 7343, 7397, 7440, 7468, 7476, 7489, 7506, 7543,
Notice is given by Messrs. Drexel & Co. that the general 7559,7562,7578.
*
*
mortgage bonds will be paid off on and after June 30, with all
S t . L o u is & S a n F r a n c is c o R a i l w a y . — Seven per cent
overdue and accrued interest. The sterling scrip, with interest, equipment
bonds of 1880, numbered 106, 123, 201, 244, 256, 257,
will be paid July 2.
303, 320, 332, 884, 387, 393, 417, 456, 502, 517, 519, 541, 577, 643*
Railroad Bonds Called in.—There have been many re 679, 690, 720, 722, 778, 782, 880. 935, being twenty-eight bonds of
quests from C h r o n i c l e subscribers for the publication regu $1,000 each. Theinterest on these bonds will cease on Dec.l, 1888,
larly, by their numbers, of such railroad bonds as are drawn and at any time prior to that date the same will be paid at 105
by lot and noticed for payment. Ia compliance with these re and accrued interest to date of payment on presentation at
quests the list below has been prepared, including such bonds the company’s office, 15 Broad Street, New York.
as have already been drawn and are not yet payable.
Paul & Duluth.—In a letter to the stockholders of the
Boonville RR. Bridge —Bonds numbered : 30,41,85, 89 90 St.St.
Paul & Duluth Railroad Company, soliciting their proxies
91, 205, 234, 289, 304, 331, 381, 393, 587, 593, 668, 686, 863, 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 Piesident of the National B .nkof the Republic
Company of New York, July 1, 1883, on which date interest of
Philadelphia, makes a statement of his position since he
will cease.
became chairman of the reorganization committee. He says
L o u i s v i l l e & N a s h v i l l e RR.—Cecelia Branch first mort that to retain the business pf the road and provide adequate
gage bonds, numbered; 17, 49, 109, 147, 154, 157, 198, 313, means of drawing trade it was necessary to largely reconstruct
317, 322, 334, 445, 480, 690, 735, 769, 773, 781, 812, 852, 854, 880, the road, as indicated in the annual reports. He defends the
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
N o r t h e r n C e n t r a l RR.—Consolidated mortgage gold 6s would bring profitable business to the St. Paul & Duluth.
of 1904, as follows : Series A —93, 180, 257, 267, 288, 386, 411. Mr. Rhawn also makes further statements as to his personal
421, 449, 472, 510, 516, 545, 624, 626, 665, 666, 726, 735, 743, 787, connection with the road.
789, 797, 824, 847, 850, 855, 880, 970, 1080, 1130, 1200, 1214
Seattle Lake Shore & Eastern.—Negotiations have been
1220,1226,1231,1265,1292,1518,1528,1619,1625,1629,1652,1716 concluded which insure the establishment in the Puget Sound
1768, 1888, 1915, 1920, 1922, 1941, 1955, 1989, 1990 ; Series B— country of an iron and steel manufacturing company by
2097, 2111, 2158, 2184, 2210, 2257, 2393, 2399, 2412, 2422, 2480, English capitalists. The capital stock of the new company is
2541, 2543, 2635, 2644, 2667, 2715, 2719, 2725, 2742, 2761, 2811 five millions, all of which has been subscribed. Twenty-five
2836, 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
Bank in London or at the office of the company in Baltimore. mines has been made. A contract made with the Seattle
N o r t h e r n P a c i f ic R a i l r o a d . — General first mortgage Lake Shore & Eastern RR. provides for the building of a spur
bonds numbered; 251, 424, 597, 770, 943, 1095, 1268, 1441, 1614 of 3 miles which will give this road a haul of 50 miles from
1787, 1960, 2039, 2212, 2558, 2731, 2904, 3194, 3367, 3540, 3713 the mines to the works, and a further haul of 30 miles on the
3886, 4044, 4217, 4390, 4563, 4736, 5070, 5416, 5589, 5762, 5935 manufactured product to tide-water at Seattle.
6052, 6398, 6571, 6744, 7057, 7230, 7403, 7576, 7749, 7922, 8065
Term. Coal & lio n Co.—It is stated that sufficient proxies
8238, 8411, 8584, 8757, 8930, 9082, 9428, 9601, 9947, 10,030 have been sent in to insure the two-thirds vote of the present
10,203, 10,376, 10,895, 11,083, 11,256, 11,602, 11,775, 11,948 stock to issue $1,000,000 of 8 per cent preferred stock, and re
12.261, 12,434, 12,607, 12,780, 13,272, 13,445, 13,618 1^791 tire a corresponding amount of the present common stock,.
13,964, 14,080, 14,253, 14,426, 14,599, 14,945, 15,079, 15,252 The preferred stock is to be issued to the present stockholders
15,425, 15,598, 15,771, 15,944, 16,174, 16,347, 16,520, 16,866, by allotment at 90, and an equal amount of their present
17.261, 17,434, 17,607, 17,780, 17,953, 18,037, 18,210 18 383 common stock accepted in part payment at 30, thus requiring
18,556, 18,729, 18,902, 19 084, 19,430, 19,603, 20,094, 20,440 the payment of 60 per cent cash for the remainder.
*
THE CHRONICLE*
740
■t
<.'
----’*'
--------
'
[VOL. X L V I.
™ ---- -------
C o m m e r c ia l g rim e s .
C O T T O N .
8, *1888,
telegrams
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening (June 8), the total receipts have reached 19,622
bales, against 22,556 bales last week, 23,601 bales the previous
F r i d a y N i g h t , June 8,1888.
The weather has at length become summer like, having a week aud 29,065 bales three weeks since, making the total
receipts since the 1st of September, 1887, 5,388,933 bales, against
-good effect upon crop prospects in nearly all section?. The 5,179,919 bales for the same period of 1886-7, showing an in
overflow of rivers is now nowhere serious. Speculation in crease since September 1, 1887, of 207,014 bales.
leading staples has been generally dull, and the more active
Fri.
Total.
Wed. Thurs.
Mon.
Tues.
Sat.
Receipts a t- ■
influences affecting values have been combinations and manip
49
366
141
55
88
1
33
ulation.
There has been rather more doing in the export of
.........
....... ..
......
Indianola, &e.
breadstuffs, but the movement is still moderate.
5,317
271
43 1,429
702 2,62 a
243
New O rleans. . .
The following is a statement of stocks of leading articles of
merchandise at dates given.
1888.
June 1.
24,398
18,964
41,598
45,263
125,364
38,469
57.000
157011
100
1,962,202
None.
177
5,100
494,300
189,999
19,378
1,452
Spirits turpentine .
1,121
T a r . . ; ....... ............... ................... bhls.
11,845
..................hags.
R ice, E. I ..................
5,840
R ice, dom estic.......
1,000
l i n s e e d .................
12,500
S a ltp e tr e ............... ............. ...h ag s.
54,000
.................
hales.
Jute b u tts............ .
6,500
M anila hem p..........
1,700
Sisal h e m p ............. ................. hales.
124,791
F lour------- ------------ .hhls. and sacks
.................. hhls.
.................... tes.
T obacco, dom estic.
T obacco, fo r e ig n ...
Coffee, R io ...............
Coffee, other............ ..................bags.
Coffee, Java, &c— ................mats.
S u g a r .,.................... ................. hhds.
.............. boxes.
Sugar .......................
M elado.....................
Molasses, foreig n .. ..................hhds.
Molasses, dom estic. ............. ...b h ls.
..................... No.
1888.
M ay 1.
1887.
June 3..
17,765
15,886
39,137
44,402
153,263
53,613
67,600
7,540
None.
1,804,146
None.
254
5,000
458,600
215,091
18,151
564
1,048
22.500
4,300
None.
14.500
45.500
16.500
1,542
137,286
22,362
39,267
38,091
47,342
327,565
52,347
81,500
37,328
3.073
2,189,053
None.
1,501
2,000
380,100
198,130
14,985
1,522
1,136
8,160
5,800
None.
15.300
17,700
35,647
3,028
115,747
Lard on the spot has been held higher, but business was kept
within the narrowest limits, and to-day the market was dull and
weak, closing at 8-15n. for prime city, 8'80@8‘85c. for prime to
choice Western, 8 50@ f 55c. for refined to the Continent and
9 -50c. for refined to South America. The speculation in lard
for future delivery was not active, but at advancing prices
until to-day, when the market made a sharp decline and closed
flat.
DAILY CLOSING PRICES OP LARD FUTURES.
Saturday. Mond’y Tuesd’y. Wednsd’y. Thursd’y. Friday.
8-75
8-83
8'85
8-81
8'68
June d elivery......... 8*66
8 75
8-85
8-87
8-82
Ju ly delivery......... 8 '66
8'68
8-78
8-88
8 90
8-83
A ug; d e liv e r y .-* ... 8'69
869
8-81
8-91
8-94
8'87
Sept, delivery....... S'72
8'73
8 79
8-89
8-92
8-86
O ct: deliverv......... 8 '70
8'73
8-20
8-20
8-20
Dec. delivery . ..................................
Other hog products have been irregular; pickled bellies
were active and firmer at 7 % @ 7^ c. Butter is steadier at 17@
20c. for creamery, and cheese fairly active at 7}£@8%c. for
State factory, full cream.
^ ,
_ , ,
The coffee market, so far as the regular trade was affected,
has been depressed, and the close is considerably lower, Rio
selling to-day quite freely at from 18%c. for No. 7 up to 15%c.
for No. 4, with fair cargoes quoted 15%@ 16c. The specula
tion in Rio options was sluggish and they are decidedly
lower, though the distant options are more steady in tone than
the early months, closing with sellers as follows:
June ..................... 1 3 '/0 c .
O ctober........... 10*45c. I F e b r u a r y ------ 10'30o,
ovem ber......
J u l y . ................... .„12*50c. , N
*-------------------10'30e.
----------- M arch.........i.,10 '3 50.
A u g u s t ..................11-550. D ecem b er.........10'30o. I A p r il............. 1 0 '35c.
S eptem ber..^ ___ 10'75c. |January.......... 10'30c. I M ay................10'35o.
Raw sugars have been weak and closed dull at 5J^c. for Cen
trifugal, 96 deg. test, and 4 ll-16c. for fair refining Cuba. Re
fined sugars are dull, except for low grades. Molasses has
been steady but quiet at 19%c., 50 deg. test. The tea sale on
Wednesday was a small one; prices were generally steady, ex
cept for greens, which were cheaper.
Kentucky tobacco has been quiet and sales for the week are
only 200 bhds.; prices, however, remain steady. There has
been a pretty free movement in seed leaf, the sales for the
week aggregating 1,500 casps as follows: 400 cases 1886 crop,
Pennsylvania seed leaf, 6/^@121^c.; 200 cases 1886 crop,
PenhWlvania Havana seed, 9@12J^c.; 400 cases 18«6 crop,
Wisconsin Havana seed, 5@10^c.; 1U0 cases 1887 crop, Zimmefs, ^®.12c.; 800 cases 1886 crop, Dutch, _18c„ and 100 cases
1886 crop, New England Havana, 13@25c.; also 400 bales
Havana, 6 0 c . l 10, and 200 bales Sumatra, $1 30@$1 65.
The Metal Exchange has been dull. Straits tin has been
decidedly lower at 18/^c. on the spot. Copper has been firm,
but closes dull at 16*60c. for spot and July. Lead has declined
and closes at 3 80c. on the spot. The interior iron markets
are still depressed, and steel rails can hardly be quoted at more
than $30.
.
, ,
,
Crude petroleum certificates were more active and advanced
to 80%£e., but receded and closed to-day at 78%@78%c. Spirits
turpentine dulLand easier at 36^c^ Rosins are also cheaper
at 1*17J^@l'22/^<\ for common to good strained.
Some speculative purchases have neen made of Texas spring
clip wools at
Ocean freights ¡more active for grain
shipments, bui at low rates,
ft
F r i d a y , P . M., June
T h e M o v e m e n t o f t h e C r o p , as indicated by our
13
27
13
6
23
15
97
122
978
.........
798
.........
219
.........
142
.........
26
948
.........
134
.........
408
.........
423
.........
534
57
573
520
......
423
27
350
84
1,007
192
3
2
391
423
651
60
816
3,025
84
2,626
192
29
2
3,179
1,132
618
2,468
466
21
M obile................
Savannah .........
Bruns w ’k, <fec.
C harleston.......
P ortR oyal,& c
......
122
.........
Wash’gton,& c
West Point, &c
B osto n ..............
.........
1,000
49
513
474
258
56
105
361
76
466
21
Totals this week
2,569
3,835
4,333
2,482
3,084
19,622
3,329
For comparison we give the following table showing the week’ s
total receipts, the total since September 1, 1887, and the stock
to-night, compared with last year.
1887-88.
Receipttt to
Ì June 8.
This Since Sep.
Week. 1 ,1 8 8 7 .
1886-87.
This Since Sep.
Week. 1 ,1 8 8 6 .
Stock.
1888.
1837.
706,413
4,913
5,932
1,058 1,715,426
338 213,047
23,162
325 794,469
31,730
376 365,147
19,172
6 134,309
3,834
170 529,783
39 323,829
363
96,102
187 103,930
405
63,923
55,643
289
102,450
8,680
96,211
775
12,237
3,353
4,525
137
1,853
1,134
N orfolk .........
W. Point, &c
New Y ork ___
B oston...........
Baltimore . . .
Phil’del’a, &c
5,317 1,725,973
97 203,615
24,305
3,025 858,693
ft4.
75,349
2,626 411,278
16,045
192
29 167,747
4,931
2
3,179 479,420
1,132 514,530
82,373
618
89,935
2,468
44,827
466
21
26,029
14,113
2,473
182,159
9,000
10,738
15,138
3,147
....... ..
186,399
4,000
4,453
19,867
T o t a ls .......
19,622 5,386,933
4,032 5,179,91«
368,416
320,774
G alv eston . . .
New Orleans.
M obile......... .
Savannah . . .
Charleston ..
P. R oyal, &c
W ilmington .
651,883
366
476
1,498
In order that comparison may be made with other years, w®
give below the totals at leading ports for six seasons.
Receipts a t—
1887.
1888.
1886.
1885.
1884.
1883.
G alveston ,...
New Orleans.
M obile..........
Savannah . . .
Charlest’n,&c
Wilm’gt’n, &c
N orfolk .........
W’t Point, &c
All others___
366
5,317
97
3,025
2,818
31
3,179
1,132
3,657
476
1,058
338
325
376
6
170
39
1,244
308
4,492
909
2,750
2,778
166
3,464
1,381
6,525
162
605
112
167
72
20
885
59
2,647
718
1,561
159
542
2u8
16
1,151
211
3,843
2,818
6,411
435
1,867
1,086
75
2,471
375
6,005
Tot. this week
19,622
4,032
22,773
4,729
8,409
21,573
Since Sept. 1 5386.933 5179,919 5207,949 4710,0'*7 4772,6 5 5869,156
Galveston includes Indianola; Charleston includes P ort R oyal, <fec.;
W ilm ington includes Moreh’d City, &c.; West Point includes City P oint, &e.
The exports 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 o f the Continent. Below are
the exports for the week and since September 1, 1887.
Exports
frort —9
Galveston . . ..
New Orleans..
Mobile.............
F lorida...........
Savannah* .. ..
Charleston.. . .
W ilm ington ..
Norfolk...........
West Point,&c
New Y ork .......
Baltimore .. . .
Philadelp’a’&c
Week Ending June 8,
From Sept. 1,1887, to June 8, 1838
Exported to—_______ __________ Exported to—
Conti Total
Great
Great
BriVti. France nent. Week. Britain. France
3,874
6,109 15,533
1,495,
1,495
....
1,535
711 ........
618
8,745
3.5451
1,518' ........
1,873
T o t a l............ 21,231
2.8*0
Total 18*6-7 ..
5,550
MM..
0,168
1,535
711
1,900 11.263
25 3,570
175 1,723
1,273
228,886 4,024
704,801 297,124
62,488
3,446
18: .352 12,480
70,637 25,839
75,786 6,395
224,892
225,579
547,913 38,440
206,427
105,150 2,405
52,831
Conti
nent.
Total.
81,913 312,883
422,825 1,424,750
62,488
3,448
240,398 440,230
187,681 284.157
39,722 121,903
4,139 229,031
1,109 220,088
210,400 796,753
2,598 209,025
47,148 154,70B
5,493
58,374
9,704 37,103 2,694,238 386,707 1,243,488 4,324,431
70 OQQ 1 -4QX. v>oo 4 ° * An7
* 5^8
9 T2Q
“ induces exports from Brunswick,
4
J üne 9, 1888,]
THE
C H R O N IC LE.
741
In addition to above exports, our telegrams to-night also give
us 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.
On Shipboard, not cleared—f o r
June
8,
at
—
Great
Other
Britain. France. F oreign
Coast
wise.
Total.
1,000
803
None.
900
21,812
None.
1,900
None
6,133
14,400
Leaving
Stock.
N ew O rleans.. . .
M o b ile ............
Charleston . . . . .
Savannah .........
G alv eston . . . . . .
N o r fo l k ...........
New Y o r k . . . . . .
Other ports.......
12,220
None.
None.
None.
None.
1,733
9.000
9.000
3,469
None.
None.
None.
None.
None.
600
None.
8,320
None.
2.000
None.
4,400
None.
None.
Total 1888.........
31,953
4,069
16,120
7,103
59,245
309,169
T otal 1887.........
T otal 1 8 86.........
3,011
29,224
None.
3,256
6.650
11,214
3,256
3,378
12,917
47,072
313,85
396,905
1,000
None.
None.
None.
4,800
1,000
11,000
77,638
8,680
2,625
11,235
4,913
7,980
167,759
28,339
T u e s jW e d
STAINED.
F r i.
<
7*1«
7 7ff
813,6
9=8
© ©
O
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
glance how the market closed on same days.
SA L E S O F SP O T A N D T RAN SIT .
Sat
M on .
T u e s.
W ed .
Thürs
F r i...
Quiet...................
Steady___ _____
F irm ......... __ ^
Quiet and firm ...
F irm .......
Steady ®
adv.
1,6
Total.
1,727
1,321
570 378
124
275
214
570 4,039
Sales.
1,727 15,500
1,321 21,600
948 13.400
124 16,900
875 25,200
214 21.400
6ÖÖ
600
F U T U R E S.
....
Deliv
eries.
••••
5,209 114,000
The daily deliveries given above are actually delivered the day
previous to that on w hich they are reported.
T he Sales and Prices op F utures are shown by the follow
ing comprehensive ta b le:
1,50
9 76
M
Ci
O
Ex Con- Spec- Tran
p ort. sum p u l’ t’n sit. Total.
19
1 00
<i
<
a
>
*
1
w
$
ZflO i
0
O C X 1"*
» CS J T »
COCO
Ol
1
ÇQ .
CCCO ►
5
MO
1 SI ;
Ó òl
<01
d* 1
►
9
1 S: :
►
9
i d:
ô ®
Th.
Ziti« Ziti«
7 78
7 7s
7 78
7 78
813,6 81316 813,6 81316
9=8
9«8
95s
958
MARKET AND SALES.
SP O T M A R K E T
CLO SED .
I
►
►
► to ,
►
■4 COCO
<
CJt • 9 Oi » 9
càd»
00
M
to
1 SI • 1 ® ’
1 s>: ;
M
CO COCOo^O co c o c CO © 1 :
Ü» « « © cil « « © «
to m m
0 to to to CO
►
ITI o i l T u e s W e d
coca
cow
F r i.
9
S a t.
CO
COSO
coto ®
0 1 « **
1
O rdin ary .................................$ ft
Strict O r d i n a r y ........
G ood Ordinary . . . . . . . .
Strict Good Ordinary .
L ow M iddling............
Strict L ow M iddling.
Middling ...................
G ood M iddling . . . . . .
Strict Good M iddling
M iddling Fair . . . . r
P a i r . . . . . ................
G ood O rdinary.....................® ih
Strict G ood Ordinary. .
L ow Middling..................
M iddling .........................
a
^
c c cc§ co co . ©-0
CûGo^>W w 1 ©co
© «
00
<1
7H
7%
7 1 3 ,6
811 ,6 8 %
P i4
9 316
9 5s
9 9 ,6
9 1316 9 70
10
1 0 1 ,6
1034 1 0 5 ,e
3 0 9 ,6 1058
1015
11
1 1 9 ,6 11«B
T h .
<?l
CO 1
A ver
S a t.
Ol CJi
9-34
9*35
GULF.
ài'òx
¡Aver
JN ïT*
T h .
If►
COCO ◄
coco 9
►
1
¡Aver
S a t. M o n , T u e s W e d
A ver.
UPLANDS.
O rdinary............... .........
ao p, 7^4
7^4 714
7H
Strict O r d in a r y .....,,...." ” . . . . . ’ 7%
73t 7 %
7%
G ood Ordinary
8!!l< ö i l 16 8 D ,6
Strict G ood O r d in a r y .......""* " So1*« O
jjie 9?16 9 ? i 6
L ow M id d lin g ..... .................
9916 £ ? ! «
y ö 16
Strict L ow M iddling
9 13ie 9 1 S16
M iddling..................
10
10
G ood M id d lin g ....... .................. 10^4 10^4 1034 1014
Strict G ood M iddling.
109,6 10»i„ I 0 9 le 1 0 9 , e
M iddling P a i r .......
101516 101
l e 10, « 1 0 1 5 ,6
P a ir .....................
11916 111916 l l l 916 1 1 9 ,6
Ql. i^-«
9-35
The 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 was recovered. To-day there was an irregular ad
vance, most 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 export and home consumption, but on Wednesday became
quieter. Yesterdry some speculation was reported. To-dav
there was an advance of l-16c., but with very little dointr
closing at 10 l-16c. for middling uplands.
The total sales for forward delivery for the week are 114 000
For immediate delivery the total sales foot up this week
A572 bales, including 570 for export, 2,402 for consumption,
M)0 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.
O
£
o -i 2
01«
i
:
« t o to
2 co
-4 0 1
s>:
01
‘ Includes sales in September, 1887, fo r September, 2 5 8 ,2 0 0 : Sept
ember-October, fo r October, 5 7 0 ,¿ 0 0 ; Septemeer-November. for N o
vem ber, 481,600; September-December, fo r December, 1,027,400; September-January, fo r January, 2,2 56,6 00; Septem ber-February, f o r Feb
ruary, 1.591,7 o 6 ; September-March. fo r Mareb. 3,112,100; Septem berApril, fo r A pril, 2,095,700; September-May, for May, 2,688,800.
W e have included in the above table, and shall continue each
week to give, the average price of futures each day for each m onth. I»
will be found under eaoh day follow in g the abbreviation “ A v er M T1 &
average for each month fo r the week is also given at bottom o f table.
Transferable Orders—Saturday, 9-9 5 o.; Monday, 9 -9 5 o.; T uesd tv
9-95o.; W ednesday, 9*95o.; Thursday, 9*95c.; F riday, 1 0 •OOo.
,.
Thefollowing exchanges have been made duringthe weeks
’14 pd. to exch. 600 June fo r Aug.
15 pd. to exch. 1,300 June fo r Aug
4u pd. to exch. 200 Sept, for Aug.
'30 pd to exch. 200 Dee. f r Sept,
08 pd. te exch, 200 Ju ly fo r Aug.
06 pd to exch 300 June fo r July.
•44 pd. to exch. 5ÓO Sept, for A ug.
•16 pd to exi h. 100 J u n é fo r A ug.
•09 pd. to exch. 100 Ju ly fo r Aug.
•27 pd. to exon. 1000 Apr. for June..
T he V isible Supply op Cotton to-night, asmadeupbycable
andtelegraph, isasfollows, TheContinental stocks, aswellas
THE
t'JKL.
§7 4 2 '
IV.
C H R O N IC LE 8
L.
XLVI.
bales more than at the same period last year. The receipts at
those for Great Britain and the afloat are this week’s returns the same towns have been 1,693 bales more than the same
and consequently all the European figures are brought down week last year, and since September 1 the receipts at all the
to Thursday evening. But to make the totals the complete owns are 89,332 bales more than for the same time in 1886-7.
figures for to-night (June 8), we add the item of exports from
Q u o t a t io n s f o r M id d l in g C o tt o n a t O t h e r M a r k e t s . —
the United States, including in it the exports of Friday only.
in the table below we give the closing quotations of middling
1888.
1887.
1886.
1885.
cotton at Southern and other principal cotton markets for each
« a a s s s i r i s i
ja s s w
W
day of the past week;_________ ___________________________
238.000
3.000
49.000
8.000
14.000
660,000
5,«0 0
43,200
27.000
500
1,300
161,000
5,000
66.000
13.000
12.000
312,900 __________
399,500
334,600
907.000
2,900
49,300
34.000
200
T o ta l Great Britain stock . 769,000
Btock a t « a m b u r g .....................
4,000
Stock at B r e m e n ......... - ...........
37,900
Btock at Am sterdam ..................
14,000
Btock at R o tte rd a m ..................
400
Btock at A ntw erp.......................
600
Btock at H a v r e .......................... 170.000
Btock at M arseilles...................
4,000
Stock at B a rcelon a ...................
70,000
Btock at G e n o a ..........................
5,000
Btock at Trieste..........................
7,000
Total Continental stocks.
1,100
Total European s t o c k s ....1 ,0 8 1 ,9 0 0 1,3«6,500
India cotton afloat for Europe. 174,000 313,000
43.000
Amer. cott’n afloat fo r Eur’p e. 103,000
40.000
34,000
Egypt,Brazil ,&c. ,aflt for E ’r’pe
326,774
Stock in United States p o rts.. 368,416
36,735
86,707
Btock in U. 8. interior tow n s..
319
6,000
United States exports to-day.
961,000
5,400
49.400
46.000
500
.800
186,000
4,000
8,000
6,000
994,» 00 1,333,100
325,000
237,000
20',000
1
14,000
443,977
3£
1« 7,€06
4
27,856
„
552,000
184,000
103,000
368,416
86,707
6,000
654.000
254.000
43,000
326,774
36,735
319
480.000
234.000
200.000
443,977
107,206
27,856
Total East India &c
T o S Am erican .
..
553,900 751.500 619,600 613,100
1, 300, 123 1,314,828 1,193,< 39 1,474,253
Total visible s u p p ly ............ 1,854.023 2,066,328 2,112,639 2,087,353
53gd.
Cd.
5»ed.
5^d.
ld ie c.
H 5i« f .
9 ,16? v ^ 0,
Price Mid. U pl., L iverpool . . . .
P rice Mid. U p L. New Y o rk
|3 g- The imports into
Mon.
Tue s.
W e dn es.
97,6
9716
93s
97,6
9 1 1,6
938
9%
1018
10
9 7 ,6
97 6
938
9 7 ,6
9 1 1 ,6
9 3s
9%
1018
10
10 14
10 14
95s
d 58
9 7 ,6
93s
938
9 7 ,6
911 ,6
938
5%
1018
10
IOJ 4
158
913
9 9 ,6
9%
93i
9 9 ,6
9 13
99l6
9 9 ,6
9 34
984
'5
jo
Jq
P B ©t i p ” £3
€*• ® H” W
ä
p
H W 03 h
WÜIWÜIHW©
WCJt
0
5
t0t0<35H
H09H
tO050305©I05^4
"ookh
*®
oo*oOl
Ui o - *<x O to
051^-tOtO05^ 05
H
H
05 H
H
© w7ok> 4* ©W^TJVToi*-!*'* ® -I j» to ao
c otto COO
H;
'to '
05
toco to
HOD H
if».© ©<yiwcn©©>H©
H
©To
05 00 Ol H H 05 00 • © ® H H ® © © f c O H © # »
toto
UlHtoHH00
©
1XO
O©
1tO
©i©1-4
OO
tO
-gtO
O
tO
O
<
IO
O
-C
0-.o:
•
C
J
l^
-O
©
1
^ toOC©lH<105to©. 05toO
JC
O-I'—
toCD
©
OO
to© Hto
jf»;
i-w
- D■
l-‘
O0—
h 'tuH-r
coV H w
05. ir
rf-'-'c
© 0 0 00 00 0105!
HOl 05 IO
;
© H. 05 M 05 QO■
H
to HOO <
01
5
© to©
912
99,6
9%
9%
“
“
“
1888.
5.020
9,010
15,268
10,166
12,156
5,129
the plantations since September 1, 1887, are 5,456,052 bales;
In 1886-7 were 5,183,518 bales ; in 1885-6 were 5.311.006 bales.
2.—-That, although the receipts at the outports the past week
were 19,622 bales, the actual movement from plantations was
only 5,129 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 1,858 bales and for 1886 they were
1,839 bales.
2 T .v .
A m o u n t o f C o t t o n i n S i g h t J u n e 8 .— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to June 1, and also the
takings by Southern spinners to the same date, so as to grv e
BnhBtfl.ntifl.lly the amount of cotton now in sight.
1887-88.
y - 5,386,933
69,119
1886-87.
1885-86. 11884-85.
5,179,919 5,207,949 4,710,007
3,599'
103,057j
30,486
5,456,052 5,183,518 5,311,006 4,740,493
936,716 771, 92 807,0511 596,331
wer overn u iu tu u uu c j.-------Southern consumpt’n to J une 1 398,000 356,000, 290,000} 252,COO
6,790,768 6,311,310 6,408,057 5,588,824
-3 £ -O < 0 5 H t 0 — 0 # > - 0 5 w 0 5 r -0 0 0 0 > 0 5 0 > t 0
00 05 « H t i 05 GOjtO H QDO £ 05 C W *4 OO00 IB-
05 W
908
cn
tOO!OHOi050tO H Oi »0 O o<CXto
O’OC
OOiOSOtOtOil^®to <JX«0H ot
C
JltOtOOS
0 0 > 0 > tO H
10 14
•
• O n.
I«
toto
*O
05*0J
505HO
H H C
H 0
(tttO
tO
.H
505 Ht005<JH
l^05
toif“-ÜIOT05UiO05©HHtoOOh-0 0 ift05
HO.
K>10
y CftO
Hp
gP B ®
933
9 7 ,6
9 1 1 ,6
93s
9%
1018
10
1 0 J4
908
9*2
9 9 l6
9%
9%
938
938
93a
9 7 ,6
91118
938
9%
1018
10
1886. 1887. 1888. 1886. 1887. 1888. 1886. 1887.
39.150 13.077 32,603 221,127 86,506 172.287 18,164 2,602
11....... 34,754 12 ,e 66 86,223 200,056 72,510 145,074 13,683
2,984
1 8 ...... 29.447 10,626 29.065 174,496 64,868 131,277 3>87
22,790 9.765 23,601 156,692 58,588 117.812 4,986 3,485
25 ...
2,844
2.986
107.442
53,818
139,841
22,556
19 837 7,599
22 773 4.032 19,622 118 907 51,659 91.949 1,839 1,858
8 in
excess o f September 1 .........
gDO
D3 O'* /-s'*eg P>■*M
QI $
p. Sa
h sp
C
O©. © .
C
O
gD
p P .i
C
OP
C
D
•
9 7 ,6
938
F r i.
Receipts at the Ports. SVk at Interior Towns. Rec'pts from PlanVns,
Continental ports this week have been
85,000 bales.
. ¿L
,,
. . , .
The above figures indicate a decrease in the cotton in sight
to-night of 212,805 bales as compared with the same date of
1887 a decrease of 258.616 bales as compared with the corres
ponding date of 1886 and a decrease of 233,330 bales as
compared with 1885.
■
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corres
ponding period of 1886-87—is set out in detail in the following
AfiUClUlo dll IliOpvi VOvvw
statement.
Interior stocks on June
oSS-'©2.a<
51
c©
3
©
3 Ö£+■Jr1<
f3itD O
H
H
bE
L.®go CT
934
934
T h u rs . J
HHHPI
j. i,a„.^,iONS. — The following table
Indicates the actual movement each week from the planta
tions. The figures do not include overland receipts nor
Southern consumption ; they are simply a statement of the
weekly movement from the plantations of that part of the crop
vhich finally reaches the market through the outports.
Week
Unding—
T otal A m e rica n ..................1,300,123 1,314,828 1,493,039 1,474,253
,East Ind ian, Brazil, <tc.—
L iverpool stock.......................... 106.000 225.000 163.000
17.000
28.000
London s t o c k .............................
21,000
Continental stooks..................... 128,900 145,500 100,600
India afloat fo r E urope............
174,000 313.000 325.000
14.000
40,000
E gypt, Brazil; & c., afloat.........
34,000
CLOSIN G QUOTATION S F O R M ID D L IN G COTTON ON—
Satur.
9h ß
97 ,6
93q
9716
9 i ’ i6
93s
9%
HUs
10
IOI4
95a
99,6
9916
9%
9 78
66.000
Total visible s u p p ly ...........1,8^4,023 2,066,328 2,112,639 2,1
O f tke above, tbe totals o f Am erican anp. other descriptions are as i
Am erican—
.
Idverpool stock . . . . . . . . . . b a l e s
Continental s t o c k s ............. .
Am erican afloat fo r E u ro p e .. .
United States stock...................
United States interior stock s..
U nited States exports to -d a y ..
Week, ending
June 8.
© tO
H
• tO 00
■
Üi h M H
OO
H ©
J if * © H H |
© ! © - * © © 0 0 © 0 5 © H t O i © J C tO H .
1-fifl0.2fls'l.5 2 4 .3 0 6 '1,680.584 1,297,143
T t will be seen by the above that the increase in amount in sight to! night, as compared with last year, is 479,458 bales, the increase as
compared with 1885-6 is 382,711 bales and the increase ov er 1884-5
|is 1,201,964 bales.
W e a t h e r R e p o r t s b y T e l e g r a p h . — Reports to us by
telegraph to-night indicate that very satisfactory weather
cod ditions 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 bel ls.
.
ttaiveston, Texas.—There has been one light shower during
the week, the rainfall reaching eleven hundredths of an inch.
Average thermometer 78, highest 84, lowest 70.
Palestine, Texas.—It has been showery on one day of the
week, the rainfall reaching fifty-eight hundredths of an iDch,
The 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 in cotton is slightly greater than last year. The ther
mometer has averaged 77, the highest being 89 and the
1°™Runtsville, 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
©
C
O
i
—
w
-4
M H tO Ü M O H i^M O O ©
H if* ©< © ©
*4 If“OtO-OHHOOH
reaching eight hundredths of an inch. There is a small addi
H 05 to 10 t O © ® H ® H
tO H 05 tO^OO
00©><IHrf»-HH
Lo © WU> 05 to HOO OS to*© " H to 0 0 ® -9 V ®
tion to the area under cotton. T h e thermometer has averaged
to©i©©o*»’!&.
©®©©t©©HCJi|-*®O'W
t0^
—
05©
®
HOtOWlP-Oi*
^©^©»^©^©oooto-a-atotow-i-a©
78, ranging from 62 to 93.
. .
to 1(5. <1© 0 0 0 -4
Dallas, Texas.-G o o d progress is being made in cleaning
the
fields,
and
with
a
few
days
more
of
dry
weather
they will
to h
5 r*
H
M
! CM
* -.7 * 7 *
be in fine condition. The increase in cotton acreage was
0505H
O L©i ©-OtoW®05H
tO-3 .
8}®HC!J
to-3HH
00HH05 t©
fully fifteen per cent, but this has probably been reduced one©©t-JOOOOO© © ( » » « » © -I l l ^ C t O t O C J i t O . O O O tO H -ItO tO
half by overflows on low-lands. Prospects are favorable, lhis
is the condition in the Dallas district. In every other section
WHHCl!
®
©•. (Cf-H
of the State crops are even more promising. Small gram
O H©©H!
w
».—
w—
©©WM®<I-1
uh
«
u
;
© ©#-<iie>-J
Sl^HOMi tO©-OH- t00:©i^t0©05>F>
crops are good and harvesting has begun. Rain has fallen on
©rf^to©^©<
one day of the week to the extent of thirty hundredths of an
* The figures fo r Louisville in both years are ‘ f net.”
The above totals show that the old interior stocks have inch. The thermometer has ranged from 61 to 91, averag
decreased during the week 18,628 bales, and are to-night 49,972 ing 76.
OlfkOO©!©©©
©
0501
tOOO
J u n e 9, 1888.]
THE CHRONICLE.
743
San Antonio, Texas.—It has rained hard on two days of
Augusta, Georgia—The -weather has bcen clear and
the week, the rainfall reaching one inch and forty-eight hun pleasant, with light rain on one day to the extent of two hun
dredths. The 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 best for many years in all West Texas. Average A continuation of tne present weather with some rain will
render prospects good. Planters are busy chopping out.
thermometer, 76 ; highest, 91; lowest, 61.
Luting, Texas—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.
had been almost cleaned during the previous week of dry
Atlanta, Georgia.—Rain has fallen on one day of the week,
weather. The rainfall reached one inch and fifty-eight hun to the extent of one hundredth of an inch. The thermometer
dredths. Prospects are very fine, but we would like a fe w has averaged 71, ranging from 55 to 88.
days of dry weather. Cotton is of good growth, and begins
Charleston, South Carolina.—It has rained on two days
to bloom. Acreage is five per cent larger than last year. The 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.
Stateburg, South Carolina.—Telegram not received.
lowest 61.
Columbia, Texas.—W e have had dry weather all the week,
Columbia, South Carolina.-—Telegram not received.
and crops of all sorts are more pronrsiog than for many
Wilson, North Carolina.—Rain has fallen on two days of
years. Growth is good, and fields are cle^n. There has been the week, to the extent of one inch and sixty-eight hun
very little addition to the acreage. The thermometer has dredths. The thermometer has ranged from 56 to 90, aver
aging 73.
averaged 80, ranging from 61 to 88.
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 increase in acreage of showing the height of the rivers at the points named at 3
fully ten per cent. The fields are nearly cleaD, and the plant o’clock June 7, 1888, and June 9, 1887.
is of good growth and beginning to bloom. In a few 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«
12
. 7
5
stress has been laid on it in the newspapers. There is nothing New Orleans.......
0
.......
A
bov
e
low-water
m
ark.
26
12
M
em
p
his............
8
8
in it. The thermometer has ranged from 81 to 88, averag N ashville............
4
4
9
5
ing 85.
22
14
3
9
S h reveport.........
Brenham, Texas.—There has been no rain all the week. V icksburg...........
34
0
13
2
Fields have generally been cleaned, and crops of every kind
are very promising. There is an increase in the cotton area
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s . —The receipts
of twelve p^r cent. Average thermomometer 77, highest 91 and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 7.
and lowest 62.
Belton, Texas.— W e have had one light shower, the
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
rainfall reaching twelve hundredths of an inch. Fields have
been neaily cleared of grass and weeds, and both corn and
Shipments this week. Shipments Since Jan. 1.
Receipts.
cotton loot very promising. Small grains are t-plendid, and Tear Great Conti
Conti
This
Great
Since
harvesting is in progress. The thermometer has averaged 75,
Total.
Week. Jan. 1.
Brit’ n. nent. Total. B ritain nent.
the highest being 91 and the lowest 58.
32.000 1,168,000
Weatherford, Tea?. -Crops of all sorts are good. Small grains 1888 4.000 37.000 41.000 176,000 530.000 706.000
18,000 21.000 39.000 313.000 59U.000 903.000 17.000 1.320.000
look very fine and are being havested. There has been a 1887
1886 21,000 47.000 68.000 269.000 563.000 832.000 43.000 1.222.000
drizzling rain on one day of the week, the precipitation reach 1885 9.000 36.000 45,000 188.000 432.000 62u,000 40.000 901,000
ing four hundredths of an inch. Average thermometer 76,
highest 95 and lowest 56.
Shipments since J anu ary 1.
Shipments fo r the week.
New Orleans, Louisiana.—It has rained on one day of the
Great
Conti
Great
week, the rainfall reaching two inches and eighty-six hun
Total.
B ritain. Continent. Total.
B ritain. nent.
dredths. The thermometer has averaged 77.
Shreveport, Louisiana.—No rain has fallen during the Caloutta—
week. T n e thermometer has ranged from 62 to 90, averaging 76.
63.000
1,000
26,000
89.000
1,001
1 8 8 8 .........
101,000
6,000
6,000
86,000
187,000
1 8 8 7 .........
Columbus, Mississippi.—We have had no rain all the
Madras—
week. Average thermometer 64, highest 84, lowest 50.
2,000
7.000
9.0 00
1 8 8 8 .........
Leland, M ississipp i—W e have had no rain during the
2,600
4.000
6.000
1 8 8 7 .........
week. The thermometer has averaged 69’2, the highest A ll others—
29.000
14.000
15.000
1 8 8 8 .........
being 83 and the lowest 54.
15.000
19.000
34.000
4,000
4,000
1 8 8 7 .........
Greenville, Mississippi.— Rainfall for the week sixty-six
hundredths of an inch on one day. The thermometer has Total all—
48,000
79,000
127.000
1,000
1,000
1 8 8 8 .........
averaged 72, ranging from 58 to 87.
.........
109,000
10,000
118.000
227.000
1 8 8 7 ......... 10,000
Clarksdale, Mississippi.— The weather has been hot and
favorable during the week and crops are clean and thrifty.
EXPORTS TO EUROPE FROM ALL INDIA.
Rain has fallen to the extent of one inch.
1887.
1888.
1886.
Vicksburg, Mississippi.—Telegram not received.
Shipments
Meridian, Mississippi.—Telegram not received.
This
Since
This
Since
This
Since
to all Europe
week.
Jan. 1«
week.
Jan. 1.
week.
Jan. 1.
iAtile Bock, Arkansas.—The past week has been pleasant
from —
with the days a little warmer, which is to the advantage of
B o m b a y ........... 41.000 706,000 39.000 903.000 68,000 832.000
crops. It has been cloudy, with rain, on tw o days, the rainfall A
2,000 110.000
l,t 0 0 ¡ 127,000 10.000 227.000
ll other ports.
reaching eighty-six hundredths of an inch. The thermometer
T o ta l........... 42,000! 833,000 49,000 1,130,000 70,000 942,000
has averaged 73, ranging from 63 to 90.
Helena, Arkansas.—It has rained heavily on one day of the
M
a n c h e s t e r M a r k e t . —Our report received by cable to-night
week, the rainfall reaching one inch and twenty-one hun
dredths. The rain has improved the crops, but grass is grow from Manchester states that the market is quiet for both
ing. The thermometer has ranged from 51 to 88, averaging 71. yarns and sheetings. W e give the prices for to-day below,
Memphis, Tennessee.—Crops are making good progress. and leave those for previous weeks of this aDd last year
Rain has fallen on two days of the week, the rainfall reaching for comparison:
one inch and thirty-three hundredths. Average thermometer
1887.
1888.
70, highest 90, lowest 54.
CotVn
OotVn
Nashville, Tennessee.—Telegram not received.
32«
Cop.
844 lbs.
32« Cop.
8 44 lbs.
Mid.
M id.
Twist.
S hirtings.
Shirtings.
Mobile, Alabama.—Crop prospects are splendid. No rain
Twist.
TJplds
TJplds
has fallen all the week. The thermometer has averaged 75,
d.
d.
d. s. d.
d.
s. d.
s. d.
d.
d. s. d.
ranging from 60 to 87.
75le ® 71516 5 9 ® 6 HPa 5 iiie
5 7*a®7 1
4
Montgomery, Alabama.—There has been no rain all the May
“ 11 7 H i6 ® 8 14 5 7*2®7 1
7 51 6® 71516 5 9 ® 6 10ia 5%
week. The crop is developing promisingly. The Montgomery
5% 75i6@ 71516 5 8 @ 6 10
5 13ia
« 18 7U i6@ 814 5 7 Ja@ 7 1
53a 7516®71516 5 8 ® 6 10
“ 25 7H ie® - J4 5 7 1a® 7 1
& Florida railroad (narrow guage) has been ordered sold by
51*1®
578
7516®71516 5 8 @ 6 10
5
7ia
@
7
1
538
J
u
n
e
1
the Federal Court for the benefit of the bondholders. The
538 7516®71516 5 8 1a® 6 lO^a 6
“ 8^
®844 5 7 @ 7 0
sale is to take place on July 12. The thermometer has ranged
from 57 to 90, averaging 75.
C o t t o n A c r e a g e R e p o r t . —In our editorial columns will be
Selma, Alabama.—We 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.
N e w Y o r k C o t t o n E x c h a n g e — A n n u a l E l e c t i o n . —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
Cotton Exchange was held on Monday, June 4. The following
The thermometer has averaged 72, ranging from 61 to 87.
Macon, Georgia.—Telegram not received.
were the successful candidates :
Columbus, Georgia.—No rain all the week. The thermom
President. J. H. Parker; Vice-President, Charles W. Id e ; Treasurer,
Walter T. Miller. B oard of M anagers: Thomas M. F oote, M eyer H. L eh
eter has ranged from 68 to 89, averaging 80.
Savannah, Georgia.—It has rained lightly on one day and man, W illiam V. King, Theodore P. Ralli, Thomas A. Perkins, Thom as
Scott, B. S. Clark, J, H. Hollis, C. E. Rich, George Brennecke, S. T. H ub
the remainder of the week has been pleasant. The rainfall bard,
Jr., J. M. White, R. P. Williams, G. Schroeder and W. W. HiU, J r.
reached eighteen hundredths of an inch. Average thermom Trustee o f the Gratuity F u n d : H enry Hentz. Inspectors o f E le c tio n :
I D. C. Hipkins, S. Uhlfelder and R. O. Allen.
eter 73, highest 90, lowest 60.
T H E C H R O N IC LE.
744
C o t t o n C o n s u m p t io n a n d O v e r l a n d M o v e m e n t t o J u n e 1.
la consequence 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 synopsi8
for the month of May and for the nine months of the season
to June 1:
d r o s s overland fo r M a y .... .......h a le s .
d r o s s overland fo r 9 m onths...................
N et overland fo r M a y . . . . . . . . . . . ..............
N et overland fo r 9 m onths.......................
P o rt receipts in M ay...................................
P o r t receipts in 9 m onths................ ........
E x ports in May................... ........................
E x p orts in 9 m onths.................................
P o rt stocks on M ay 3 1 ........................... .
N orthern spinners’ takings to June 1 ....
Southern spinners’ takings to June 1 ....
O verland to Canada fo r 9 m onths (ineluded in net ov erla n d )..........................
B u rn t North and South in 9 m o n th s....
S tock at North’n interior markets June 1
d a m e in sight during M ay.........................
A m ou nt o f crop in sight June 1 ................
A verage weight o f hales............ .—
1887-88
1886-87.
1885-86.
63,038
1,350,812
4.1,186
936,716
131,498
5,364,305
220,745
4,282,983
401,885
1,654,949
398,000
43,861
1,241,429
20,993
771,792
47,426
5,172,415
69,222
4,203,644
358,112
1,497,523
356,000
86,385
1,158,202
64,938
807,051
133,147
5,172,345
294 003
3,869,051
533,431
1,669,511
290,000
37,862
39,090
36,979
7,902
19.2C6
2,550
3,303
9,180
8,255
112,184
53,419 113,822
6,783,521 6,303,207 6,400,396
48511
487-36J
486 56
W eather Record for 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. The
figures are from the records of the Signal Service Bureau,
«xcept at points where they have no station, and at those
points they are from records kept by our own agents.
ary.
Jthermometer
March.
April.
May.
7.1880. 1888 1887 1880. 1888 |1887 1880. 1888 1887 1880
March.
February.
thermometer
1887,
April
6.1 1888.11887,|l880
February.
May.
1888-Il88" . 1880 1888.Í1887.Í1886.
Tallahassee ■0 83-() 79- al 72-(
740 82-0
Highest
•C 31-i 1 38- al 82-1
L ow est. .. 80-0 400
•0 00-J 00- 1 52-C
A verage... 59-3 03-0
ALABAM A
Montgom’y.—
•0 82-1 70S)l 77-S
H igh est... 09-8 78-7
•4 SOf 82-<:! 29-1
L o w e s t.... 24-9 84-0
2 50Í 5?-<J| 55-7
A vera g e... 54*5 59-3
Mobile.—
7 75-E 76-8 75-C
H igh est... 75-3 80*5
3
30( 30-55, 34-(
30-0
80-0
L o w e st....
7 57-E 58-1) 50-7
A vera g e... 50-3 62-5
Selma—
0 75-0 79-( 75-0
H igh est... 09-0 75-0
0 32( 311 33-(
L o w e s t.... | 26-0 33-0
0 54-4 57-t 50-0
A verage... 52-7 58-0
Auburn—
0 78-0 75-C 76-0
H ighest... 07-0 70-0
0 2M 31-E 27C
L ow est.... 21-0 80-0
1 54-2 55*£ 53-5
A verage... 52-8 57-0
LOUIS’ NA .
N. Orleans.—
0 78-0 80-i 80-8
H igh est... 78-7 81-5
0 40-7 438 40-1
L o w e st.... 85-0 440
2 00-3 02-1 58-0
A verage... 58-0 05-2
Shreveport.—
2 81-0 83-8 83-0
H ig h e st... 74-8 78-2
3 32-5 34-( 29M
L o w e st.... 32-5 84-5
8 54-7 010 54-1
A verage... 51-0 50-3
Or’d CoteaurH ighest.... 70- 80-8 0 0 79-1 81-5 77*6
L o w e st__ 30- 40-0 0 3 30-t ab*t 35-e
1 59-0 04-9 00-2
A verage... 58-0 04-0
Liberty Hill—
Highest.... 71- 72-0 0 0 80-0 75-0 750
) 20-C 49-( 400
L o w est.... 31-0 38-0
5 685 0d'5 57-0
Average.. 50-3 59-0
MISSISS’PI.
Oolumbus.—
a 74-0 70-0 75-0
H igh est... 02-0 74-0
> 24-0 20-C 24-0
L o w est.... 20-0 20-0
1 47-0 45-0 520
A vera g e.. 48-0 530
Vicksburg—
0 83-5 80-1 83-0
H igh est... 740 79-0
) 3L-2
30-9 289
7
Lowest ... 28-0 3755-7 00-4 55*0
A vera ge... 52-7 59-2
Brookhaven—
78-0
77-0 70-0
0
H igh est... 720 7830-0
840 34-0
L o w est..., 32-0 380
55*0 590 540
A verage... 55-0 01-0
Greenville—
76-0
87-0 910,
0
H ighest.... 050 791 32-0 370 27-0
L o w est.... 30-0 35-0
54-0
02-0 581
0
A verage... 48-0 57Lsland—
76-0 80-0 810]
H ighest.... 74-0 800
29-0 82-0 26-0
L ow est.... 290 32-0
61-5,
58-9 52*8
A verage... 48-0 588
Clarksdale—
77-0* 74-0
H ighest.... 70-0 81-0
27-0 30-0
L o w est.... 230 29-0
48-3 53-1
Average... 40-2 550
Gloster—
76 0 82-0
Highest .. 70-0
41-0 38-0
L o w est.... 28-0
58-0 000
A v e ra g e .. 57-0
A RK AN S’3
Little Rock.—
80-5 74-9 78-0
H igh est... 75-0 72-0
25 2 30-0 24-0
L o w e s t.... 18-0 230
49-7 55-4 50-0
A verage... 4ó"0| 47*5
Helena—
78-0 74-0 78-0
72-o] 70-0
H ighest..
28-0 SOU 250
L ow est... 24-0) 28-0
49-0 55*4 50-0
Average.. 45 51 50-0
to rt Sm ith83-6 76-0 32-0
H igh est... 6 » - 8 ; 75-1
23-0 280 25"a
L o w e st.... 10-5 19-9
47-8 51'4 47-5
A vera ge... 44*5 451
TENNES’E.
Nashville.—
78-2 767 77-9
e e -2 74-9
H ighest.
230 24-0 210
L ow est.... 110 22-7
40-0 49-2 47-1
A verage.. 41- 493 3
Memphis.—
H igh est... 71-0 74-0 05-0 80-0 76-8 81-0
L o w e s t.... 21-0 20-0 5-8 18-0 29-9 20-7
A verage... 44-0 49-0 399 495 537 480
Ashwood.—
H igh est... 05-0 71-0 01-0 75-01 73-0 78-0
8-0 25-0 28-0 20-0
L o w e st.... 130 21-0 —
A verage... 43*5 50-0 30-7 40-3 50-0 47*2 ¡
Austin.—
H igh est. . 83-0 75-0 04-0 77-0* 75-0 78-0!
L o w e s t.... 11-0 20-0 120 21-0 240 230!
47-2 49*4 48-5
3
A verage... 42- 50-0 350
TE XA S.
Galveston.—
71-0 750 79-4 70-6
H igh est.... 72-0 74'
42-5
45-5 37-8
2
L o w e st... 40-0 47- 31"'
A verage... 58-8 02'9 53-5 00-1 05-2 59-0
Palestine.—
H igh est... 75-0 81-1 82-2 78-8 85-1 80-2
L o w e s t.... 33-3 22-8 23-8 29-3 3H-9 27-3
A verage... 53*3 54-7 50-2 53-3 01-5 55-0
Fort Elliot—
H igh est... 78-o; 77-2 73-7 87-2 828 83-7
8-6 24-0 14-0
9-4 3-1 5-2
L o w e st....
41-4 50-3
44-2
9
A verage... 410 38-9 39Olebume—
H ighest.,.. 70-0 70-0 84-0 81-0 85-0 82-0
L o w est.... 29-0 15-0 10-0 ■24-0 21-0 27-0
48-2
57-2
53-8
2
0
A verage... 47-0 48- 40Austin—
H ighest.... 80-0 80-0 80-0 78-0 805 83-0
L ow est.... 44-0 25-0 25-0 40-0 30-0 34-0
A verage... 57-4 40-1 39-3 60-0 03-3 500
V IRG IN IA .
Norfolk.—
0 70-8 70-i 75-f 70-8 93-1 84 "f 87-0 90-( 90-( 87-0
H ig h e st... 72*0
8 8-5 14- 25- 21 C 32-2 31-f 38-1 44-: 49-E 44-7
24-6
L o w e s t...
7 37-7 43-t 44-1 40-3 55-4 53C 50-1 04-t 07-1 65-0
A verage... 49-0
N .C A R ’L A .
WUmington0 70-5 76-£ 81 f 78-1 875 F5-7 807 85-5 87-5 93-8
H igh est. . .
2 10-0 24-< 27-7 28-8 87-5 22-4 39-4 50-7 47-1 47-2
L o w e s t....
7 45-0 51-4 52-1 52-5 01-7 59-9 02*1 09Í •71-1 70-2
A vera g e...
Weldon.—
0 08-0 75-e 77-(l 79-0 91-0 83-fl 89-0 91-0 91-0 88-0
H ig h e st... 73-0
0 7-0 iv< *9-< 25-0 31-5 32-< 41-C 41< 5«•< 48-C
L o w e s t.... 18-0
2 3S-2 45-7 44-8 482 50*5 55-1 59-3 00-fc 70-6 03-9
A verage... 43-1
Charlotte—
8 68-0 79'3 79-7 70-0 91-0 89-3 800 94-0 eo-a 92-0
H ig h e st... 70-9
L o w e s t.... 15-5 25-7 5 9 20( P0-8 24-4 38-Í 82-1 32 5 40-1 50"< 45’0
5 40-1 49*8 47-7 48-5 03-2 5ST4 59-7 (57*3 70-0 08-3
A verage... 40-1
Wilson—
0 00-0 700 800 82-0 94-0 88-0 92-0 91-0 90-0 92-0
H ighest.... 77-0
0 7-0 SS-( 20-0 20-0 88-( 30< 300 49-C 48-( 490
L o w e st.... 20-0
5 40-b 49-4 438 51-3 02-4 00-2 04-1 71-0 74-8 72 3
Average... 40‘5
Morganton—
0 08-0 70-0 70-0 80-0 77-0 74-0 88-0 82-0 81-0 94-0
H ig h e st... 65-0
0 9-0 18-0 20-0 30-0 35"( 27’t 89-0 40-C 54 -C 50-0
L ow est....- 12-0
42-8
7
40-2 44*5 47-0 53-6 501 55-5 58-0 03-8 05-5 737
A v e ra g e...
S. C AROL’A
Charleston.—
4 72-3 74-0 80-0 75-9 91-0 85-3 81-4 87-0 88-8 91-0
H ig h e st... 71-8
2 13-3 295 33-9 30-5 38-Í 33‘4 39-4 Bl-h 55-1 49-9
L o w e s t.... 27‘5
7 47-6 55-2 54-8 53-9 03-2 02-0 62-4 72-3 72-7 72-8
A verage... 540
Spartar, b'g —
91-0 81-4 80-0 93-0 92-0
0
80-0 '68-0
2 58-5
H ighest. . 7081-C 49-1 42-0 33-0 430
r 121 20-0 31-f
L o w e s t.... 15-0
020 02-5 (5-0 00-1 (57*0
2 39-0 503 48-5
A v e ra g e... 45-4
Stateburg.—
0 08-5 70-4 75-0 77-0 80-0 87-0 80-0 88-1 88-0 94-0
Highest..., 71-7
0 14-0 24-7 P9f 28-0 42-C 29-5 85‘C 45-0 52-0 49-0
L o w e s t.... 21-0
1 44-7 51-7 51-9 5S-1 04-4 0i-4 02-7 09-7 70-9 71*5
A vera g e... 49’8
Aiken—
0 09-0 75-0 77-0 80-0 85-0 89-0 840 87-0 89-0 930
H igh est.... 70-0
9 120 2«-0 30-C 28-0 43*0 30-1 85-0 45-0 55-0 40*0
L o w e s t.. .. 22-0
a 45-8 54 4 55 5 553 07-1 01-0 05-8 71-8 74-4 73-9
A verage... 51-8
Columbia—
82-0 75-0 90-0 90-5 7Ó-0 93-5 91-0 88-0
a 69-0'
H ighest.,.. 70-0
) 10-0 23-5 29-0 27-0 41-2 30-5 50-0 45-0 53-0 52 0
L ow est___ 22-0
390 52-8 538 51-0 00-1 02-3 00-0 71-2 72-0 70-0
A v e ra g e .. | 50-0
GEORGIA.
Augusta.—
71-3 80-7 82-7 82-0 90-7 92-0 88-0 938 939 970
H ig h e st... 78-7
i 13-0 27-8 28-9 258 43-0 29-2 33-0 40-0 45-9 47-0
L o w e s t.... 22-0
54-2 00-4 03-4 03-1 71-9 73*7 72-2
44"? 54-0 5
514
A verage..
Atlanta.—
05-3 77-8 75-8 73-0 84-3 88-1 82-0 88-0 88-7 91-0
H igh e st... 68-0
8-4 24-0 25-2 27-0 39-7 30-3 83-0 •443 57-1 44-0
L o w e s t.... lri-0
42-0 50-0 50-7 501 04‘1 02-7 00-5 08-1 72-0 09-2
A v e ra g e... 490
Savannah.—
72-0
‘70-3 78-5 81-2 77-0 88-1 89-0 83-4 90-0 89-0 93-0
H igh est..
i 19-0 820 32-5 33-0 47-8 35*5 40-0 52’5 50-0 53-8
L o w e s t.... 27-0
50-0 504 50-5 57-2 00-0 03-7 04-7 725 72-5 75-0
A verage... 55-2
Columbus.—
00-0 09-0 72-0 71-0 83-0 ravo 80-0 890 88-0 85-0
H ig h e st... 02-0
12-0 31-0 29-0 28-0 50-0 45-0 85-0 550 00-0 54-0
L o w e s t.... 21-0
43-5 52-0 52-8 52-0 08-0 00-0 6 4 0 71-0 77-0 73-0
A v e r a g e ... 51-0
MC'geville.—
88-0 80-0
94-0 95-0
70-0' 78-0 78-0 78-0
H ig h e s t... 68-0
32-0 31-0
50-0 43-0
13-0 27-0 28-0 20-0
L ow est'.... 22-0
04-0 02-8
74-3 71-4
44-5 53-0 54-0 53-9
A verage... 520
Rome.—
91-0 90-0
00-0 78-0 74-0 74-0 85-0 85-0 84-0
H ig h e s t ... 65-0
54-0 40-0
Rainfall.
11-0 27-0 30-0 25-0 42-0 32-0 83-0
L o w e s t.... 15-0
73 0 090
41-0 51-0 53-0 51-0 02-0 02-0 02-0
A v e ra g e... 490
Forsyth.—
80-0
91-0
90-0
82-0
80-0
92-0
92-0
90-0
VIRGINIA,
70-o' 83-0
H igh est... 72-0
13-0 2H
-0 32-0 30-0 48-01 38-0 80-0 540 02-0 50-0 Norfolk.—
L o w e s t.... 23-0
Rainfall,in
^47-4 55 9 57-i 54-0 08-8 00-0 01-1 72-3 749 72-0
A v e ra g e... 540
Days rain..
FLORIDA.
N.
C A R ’NA.
Jacksonville.
83-5 80-0 83-0 88-0 88-7 85-0 93-0 91-3 91-8 WUmingt’n —
H ighest.... 81-7 83-6
Rainfall,in
L o w e s t.... 32-5 38-2 24-3 850 35-7 87-0 49-0 37-0 44-0 50-5 55-3 55-9
Days rain..
A verage... 00-2 04*4 53-5 00-3 59-5 59-9 7(1-1 07-0 00-5 74-2 73-0 75-8
Weldon.—
Cedar K eys.Rainfall,in
H ig h e s t ... 730 70-8 72-8 7S-0 70-0 70-8 81-2 82-2 81-2 80-5 80-7 80-8
Day» rain..
L o w e s t.... 32*8 889 20-5 87-0 40-8 85-9 55-0 41-0 444 02-8 57-0 59-2
A ve ra g e... 01-7 65-8 54-0 01-4 01-3 59*2 70-0 07-3 058 75-3 74-9 74-0 Charlotte—
Rainfall,in
Archer— ~
84-0 90-0
Days rain..
H igh est».. 82-0 81-0 78-0 90-0 80-0 84-0 94-0 84-0 90-0
52-0 50-0 Wilson—
L o w e st.... 32-0 35-0 23-0 82-0 32-0 200 420 30-0 87-0
50-7
08-2
72-0 02-2 03-3
72-0
Rainfall,in
A verage... 02*0 589 52-0 03-0 55-3
Days rain..
Titusville—
H ighest.... 81-0 84*7 78-7 87-0 83-7 800 80-8 89-8 800 88*0 90-7 93-1 Morganton.—
89-4
42-4
44-0
020
54-3
50-0,
44‘2
57-0
41-0
Rainfall,in
81-3
L o w e s t.. . , 37 9 44'1
Days rain»
A verage;. • 56-3 07-9 67-4 «8-4 02-3 02-2 71-01 09-51 00-1 75'3 73-9 74-4
72J
[Y ol. XLVI.
88- 87* a 83-C
52- 1 44- J 38-C
78-( 60-Í 67-Ü
91- a 8857- » 0074- jl 76-
90-0
00-0
73-0
80-( 8744-i 3908"r 00-(
92,¿ 9248-, «072u 75-
93-0
49-7
72*7
84-9
30‘5
038
84-C 85-f 84-0
34-1 41-1 37-C
08"C 00-S 03-0
85-S 91-5 88-9
54-1 i 50N: 51-7
72 1 73’i 7 22
82-C 86-(
45 "( 37-(
60-4 64-f
85-0
55C
08-0
86-( 88-( 91-0
49-1 59-I 510
70-C 73-E 73*0
83-0 85-C 82-0
42-( 39-C 320
07-1 04-e 024
91 •( 88-0
01-( 450
74-C 70-2
85-0 80-8 85-5
56-Í 48-5 410
090 07-9 650
88-5 000 90-7
60-( 62-] 57 4
72-8 752 72*0
87-0 90-P 88-3
46-( 38-9 37-0
07*( 64-5
89-5 98-fl 101*2
51-t 52S 53-9
72-7 75-4 75-9
85-1 88-5 830
51 ( 45-9 40-5
700 091 07-8
85-7 89-2 90-8
55-5 591 56-2
74-7 74-4 74-5
900 86-0 790
42-t 59-0 50-0
830 71-5 70-5
95-0 90-0 93-0
46'C 58-( 6 2 0
70-5 70-5 80-3
80-0 820 82-0
34-0 30-0 29-0
02-0 59-0 000
90-0 8S-0 9 0 0
44-0 500 40-0
00-0 70-4 68-0
85-0 62-0 880
45"8 42-0 30-5
68-7 06-6 04-2
89-0 90-6 92-1
500 58-1 500
717 74-9 73-3
86-0 88-0 840
44-0 12*0 390
67-0 04-0 07-0
90-0 890 9 0 0
52-0 58-0 5 2 0
70-0 72-0 7 0 0
860 93-0 92-0
47-0 420 34-0
60-5 64-0 704
87-0 91-0 94Ó
520 55-0 5 2 0
090 70*0 7 5 0
S4‘0 85-0 86-0
440
30-0
65"8 00-1 57-5
89-0 880 9 1 0
44-0 47-0 47-0
67-4 71-8 7 0 0
82-0 98*0
3 hO 30*0
05"1 62-2
82-0 92-0
450 38*0
63-0 05-0
88-0 94-0
44-0 48-0
69-5 73*5
89-0 950
650 55-0
700 74-0
860 89-8 800
430
490
00-2 04-0 61-0
88-5 89-0 9 5 0
450 52-0 5 0 0
691 71-4 7 3 0
840 90*0 82-0
4d"01 37*0 30-0
64*5 05-0 02-0
86-0 90-0 9 0 0
48-0 50-0 5 1 0
087 75-5 7 0 0
89-7 91*3 85-9
450 30*0 30-1
65-0 038 59-7
88-0: 91-8 9 7 0
44-0 600 4 8 0
67-7 70-5 7 3 0
85-0 88-7 84-9
38-0 31-9 310
61-9 59‘8 53-4
88-4| 88-6 91-2:
370 50-2 44-r
00O 70-7 68-1
86-0 87-2! 84-2
43-0 38*4 34-3
00-0 03-0 00-7
88-4| 905 90-040O| 54-u 51-1
09-2 73-2 7 1 0
82-0 85'4 830
30-0 34-0 23-0
40-8 60-0 59-0
86-0 87-0 8 60
410 54-0 44-057-3 75-0 08-0-
90-0 84-0
32-0 28-0
59-1 58‘4
86-0 900 '9 1 0
840 50-0 4 4 0
68-0 792 09-9-
780 81-4 804
55*5 51-2 43'2
71-2 60-4 00-5
86-4 86-7 80-801-8 500 60-4
74-8 75-9 7 4 0
84-4 87-0 83-7
41-9 39’0 86-2
08-5 00-0 63-6
88-3 910 92-348-0 46‘5 52-2
70-4 72-1 7 3 0
88-0 90-2 7S-9
37-4 29-0 20-3
590 50-0 53 9
93-6 92-0 96-040-0 39-1 4 30
02-4 00-0 00-7
890 90-0 80-0
38-0 28-0 28-0
00-2 05-0 62-2
86-0 92-0 9 4 0
48-0 500 62-0
67-3 74-2 740-
891 i 90-0 80-0
500 43'5 35-5
73*2 70-4 68-7
92-0 LOO-5 97-5
580 51-5 60-5
75-1 70'1 7 0 0
April.
May.
March.
__ J
....
1887.
1888. 1887. 1886. 1888. 1887. 1880. 1888. 1887, 1886.
0-22 2-01 4-03
13 10
12
4-55 4-38 2-36 0-97 8-37 3-10 8-46 1-94 8-32.
11 14 8 8 12 8 17 8 16
2-41
10
4-74
11
7-41
10
6-22
11
4-17
9
•10
7
•
8-30
14
8-07
9
4-20 4-81
10
10
2-38
4
0‘12
9
1-48 5-00
11
4-30 4-01
11 8
2-93 6-39
8 11
3‘80 2-50
5 4
3-30 3-81
5 7
1-10
0
1-18
5
2-30
7
0-81
5
1-75
7
3-96
8
1-92
7
1-84
9
V74
7
4-90
8
8-26
8
2-00
4
3-88
12
5-36
4
2-75
4
4*41
9
8-84
14
5-04
19
5-89
15
13-62
15
5-62 1-13
14 10
8-07 211
7 9
3-04 11-04.
16 9
2-70 1-4S
9 4
7*50 2*18
15 5
J une 9, 1888,J
T H E C H R O N IC L E
February.
Rainfall.
March.
1888 1887. 11886 1888. 1881. 1888
April.
May.
1888 1887 1880.
1888. j 1887. 1886.
A
in 3*6
12
2-2 3 2-l£
19
7
3-8‘
9
0*5
0
2-8C
11
2S(
7
3-5
0
1..
in 0 0
3
5-0 5 2-3(
20
8
8-lf
11
2-5
8
6-43
12
1"4(
2
1-0 i 3-77 10*00 1*44 13*23
10
12
5
10
12
in 4‘0i
11
V8 3 l-4€
7
12
5-9(
10
0-9'
7
4-4C
9
0-8:
3
1-8
8
1-41
8
0*08 8*83 3*13
8
10
10
in 5*2¿ 3*8
10
P
7
2-2C
5
7-8"
9
0-9f
3
5-7S
7
l-8(
3
2-7 7 3-10
5
5
6 68 384 5*58
0
7
10
In 4'2E 2-3.
».. 11
12
L.
1-26
2
8-2C 1*5!
11
7
5-9£
5
0-9
0
2-1 7 2-76
0
5
8*06 3*01 5*53
9
13
8
2-9,
14
1-7C
0
7-7£ 0-6'
10
6
7-4Í
8
0-8’
2
2-7 7 1-86
0
0
4*£9 1*61 8*29
10
10
10
in 5-91 3‘ 7‘
10
L. 13
1-53
7
s-ic
11
l-9i 11-1«
11
10
vst
4
1-3Í
8
1-43
0
0*80 1*78 0*81
11
8
15
(B 3'4‘a 3-e:
14
l . 12
3-35
9
224
7
0-7(
7
3-ie
14
0-7]
4
2-0<
8
2-00
8
3*60 2*73 4*37
0
0
11
in 5*1E 6‘T
0
.. 10
1-87 13-7Í
3
12
2"04 l-4<)] 3-29
3
3
3
8-51 4*20 2*47
5
5
9
1 ..
A ik en -
Augusta.—
In 4-54
1.. 11
Atlanta.—
2-0Í 10-01
4
9
1-19
0
5*82 4*28 1*00
12
15
0
in 0-31 5*3£ 1-50 10-8] 2-0 5-71
10
4
9
5
0
•• 7
n 2‘9C 4-0C 2-45 ' 9"0c 3*3£ 8-75
t.. 0
0
4
10
0
0
1*7'
3
1-29
5
3*17 2*59
5
. 8
2‘9£ V ii
3
3
2-55
5
2*95 3*85
8
6
n 7-37 5 9E 2-20 11-50 3-2Î
5
12
.. 14
11
0
8-87
9
0-5£
4
1-88
8
5*91 3*13 4*05
8
10
11
1-57 3-5
0
4
8-74
19
0-93 4-li
9
7
3-08
9
5-46
15
0-04 1-8
8
5
2*14
18
00Í
2
1-61
7
1-70 4-43 0-71
4
7
12
1-34 4*1•
4
5
2-33
14
1-33 7-7£ 4-19
2
8
5
3-20 1-83
4
8
2-10 2*1i
8
8
8-17
18
2-59 3-1S 8-60
5
11
11
2-02 3-22 0-89
4
13
S
5-45 4-3Í
7
3
9-79
13
030 5-1(1 2*15
1
5
7
2-80 215
5
5
n 7-07 7-47 4-10 11-51 0-72 0-80
5
12
.. 13
12
3
10
1-08 1-18 7*38
5
9
7
5-19 2-84 2*95
6
13
17
n 10-33 6-02 2-15
0
9
13
724 3 00 14-02
11
7
20
3-39 1-03 5*88
5
5
10
7-30 3-06 1*27
9 11 5
n 7-05 6-87 5*75 10-20 0-9.'. 11-10
5
8
.. 12
8
5
0
2-27 1-79 7*00
5
4
4
5'06 2-00 9-90
8
0
15
n 7 34 0-70 4-31 11-24 2*27 8-03
9
0
0
• 11
4
10
4
1Q 11-21 •5-58 1-96 0-45 3-37 8-41
4
.. 13
13
18
13
7
2-47 1-50 4*02
A
8.
7
n 2-01 .3-31 4’ 77
7
. 14
17
9-00 1-28 8-S2
13
3
14
4-40 0-44 5*14
9
4
15
a 7-4*4 2-37 1-37
5
7
LI 9
1 3-90 2-37 4-82
Days rain. • 1 0
4
6
5-90 2-28 5-92
9
3
9
2*08 1*77 8*03
6 2
7
8-30 2-00 5-17
10
2
8
1-05 C-85 3*77
2
3
5
Rome.—
Forsyth.—
a 1
CO
-7
CD
n 4*88 0-3! 1-87
7
.. 13
3
Cedar K ey s0-19 1-17
4 / 8
.. 11
n 5-41 0-38 1-57
4
3
.-. 12
Titusville—
Rainfall,1ln 7-11 1-10 1-18
0
Days rain... 12
7
n 8-10 1T5 1-00
4
..
9
3
1.
Sfoltile.—
Days rain...
¿Selma-
A uburn—
Days rain.
4
8-6£
0
1-89 1*87 5*80
0
8
7
Rainfall,
Days rail
5-15 4-40 3-54 12-25 2-94 9*48
12
7
10
10
5
10
2-52 3-51 4*77
5
0
8 I
Rainfall,
Slays rain.
4-96 4-13 4*97 7-92 2-77 8-07
13
17
7
9 1 12
14
2-44 0-75 9*99 1
5
13
iBrookhaven-
7
Rainfnll.ii 10-50 4-50 0-90 12-50 1-80 0(50
Days rain. . 15
0
8
12
4
13
•Greenville—
Rainfall.!] 2-41 4-42 5-51 9-88 2-74 5-59
Days rain. . 0
14
7
9
4
12
1*00 TOO 4*70
1
5
11
Rainfall,!] 3-44 4-99 8-58 10-00 3-13 3-30
Days rain., 8
4
7
13
3
8
1-93 1-91 5*04
4
5
0
•Ltland—
•Clarksdale—
J cte B utts, Bagging , & c.—There is only a light inquiry
for bagging and the market is quiet. Prices are steady, ami
sellers are quoting 6@6J^c. tor 1% lb., 6}>£rcbG%c. for W lb. ,
7@7/^e. for 2 lb. and 7^@7J^c. for standard grades. More
activity is reported for jute butts and a firmer feeling is re
ported. Sales of paper grades are reported at 1%@ l*95c., while
bagging qualities are quoted at 2%@2%c.
Shipping News .—The exports of cotton from the United
States the past week, as per latest m ail returns, nave reached
29,686 bales. So far as the Southern ports are concerned, these
are the same exports reported bv telegraph and published
the Chronicle last Friday. With regard to New York w e
include the manifests of all vessels cleared up to Thursday
Total baler»
g 298
To Hull, per steamer M aiengo, 2 . 4 4 7 . ” 1 1 / / ’ /
2 447
To Havre, per steamer La Champagne, 6 1 8.............. / . / / Z Z
’ 618
To Hamburg, per steamer Australia, 5 0 ................................. / /
50
To Antwerp, per steamer Noordland, 1,8 0 .........
/." ///
1850
Ne w O rleans —To Liverpool, per steamers Satum ina, 5,0 5 0 ...'.
’ '
Venezuelan, 2 ,4 55......................................................................... 7 5 0 5
To Hamburg, per steam er Azalea, 442 ......................... " / / /
*442
N e w p o r t N ew s —To Liverpool, per steam er---------------- , 2 ,3 4 7 . 2,3 47
B altimore —To Bremen, per steamer Weser, 2,1 98....................... 2,1 98
B oston —To Liverpool, per steamers Bavarian, 8 5 1 ___Cephalo2 ,9 8 9
nia, 4 4 0 — Kansas, 1 ,- 9 8 ..................
To Yarmouth, per steamer Yarmouth, 7 0 ........................... .
7Q
P h il a d e l ph ia —To Liverpool, per steamers British Princess".
1,6 96— L ord Gough, 1 ,1 7 6 ................................................
2,872
T ota l.............................................................................................. . . . . . 2 9 , 6 8 8
Below we add the clearances this week o f vessels carrying
cotton from United States ports, bringing our data down to
the latest dates :
Ne w O rleans —For L iverpool—June 2—Steamer Historian, 4 ,0 6 9 ...»
June 5 Steamer Architect, — — .
F or Havre—June 5—Steamer Nantes, 1,658.
Charleston —For B rem en -J u n e 2—Steamer Coronilla, 1.495.
No rfo l k —F or L iverpool—June 2—Steamer Robilant, 1,535
June 5
Steamer Mayaguez, 2.265 (from steamer K im be ley).
N e w po r t Ne w s —F or L iverpool—June 5—Steame Martha, 711.
B oston—For L iverpool—Juue 1—Steamers Bothnia, 2 9 9 ; M arathon,
1,8 06
June 5—Steamer Norseman, 1,440.
F or Yarmouth—June 5 Steamer Yarmouth, 25.
Baltim o re —F or Liverpool—M ay 31—Steamer Barrowm ore, 6 4 2 ....
June 4 —Steamer Caspian, 906.
F or Bremen—June 2—Steamer M ain ,------- .
F or Rotterdam June 4—Steamer Urbino, 175.
P h ila d e l ph ia —F or L iverpool—June 5—Steamer British K ing, 1,273.
C o tt o n fr e ig h t s t h e p a st w e e k h a v e b een a s f o l l o w s :
Satur.
Mon. j
Tues.
Wednes. Thurs.
F ri.
Liverpool, steam d.
B64
564
B84
B64
B«4
B64
....
....
Do
sail., .d.
....
....
3-73 3-69
9 7
Havre, steam ___c.
X4
*4
*3»
®32
*32
932
Do
s a il.... ..e .
....
....
....
....
3-09 3-07 Bremen, s te a m .. e.
932
932
932
932
»32
®32
0
6
Do
sail....... c.
....
....
....
....
5-15 0-08 Hamburg, steam c.
932
932
932
*32
14'®932 14® 932
8
2
Do
sa il...e .
....
....
.
__
....
....
6-50
Amst’d’m,
steam,
c.
25*
25*
25*
25*
25*
25*
8
....
....
D o via L eith .d.
....
5-52 0-25 Reval, steam ___ d.
S1128X164 al128U «4 al1281104 ai1281104 ailî8 n 84 al128n e4
1
7
....
D o sail.......... d.
....
....
....
....
Barcelona,steam d.
3 i«
S16
S16
S16
316
31«
Genoa,
steam
.
.
.
d.
2-89 3*51
3 10
3 10
3 10
S16
316
310
8
10
Trieste, s t e a m ...d.
732
732
732
732
732
732
Antwerp, steam d.
5*40
S32
832
332j®764 322®76< 832®7«4 3S2@7f ¿
11
Per 100 lbs.
6-50 2-50
L i v e r p o o l .— By cable from Liverpool we have the follow
•Columbus.—
Vicksburg.-
2-81
5
745
1-30 1-20 14*80,1
5
2
12 ‘
10
8
8-10 1-20
6 2
6
ing statement o f the week’s sales, stocks, &c., at that port.
We add previous weeks for comparison.
M ay 18.
0-45
1
M a y 25.
June 1.
June 8.
2-84 4-70
7
8
8-47 5-45
8
4
2-51 2-80
4
5
•...
Ralnfal.,._ 8-50 6-30
Days rain.. 0
8
9-5C 4-80
15
8-52 1-70
...
Rainfall.it 2*49 0-42 4-28
Days rain.. 8
8
13
5-G6 4-54 3-72
14
0
15
0-84 0-49 3*02
4
8
12
5
6-08
15
Rainfai__ 2-40 8-65 5-71
Days rain.. 12
9
15
9-30 4-25 3-24
13
7
8
3-82 2-91 4*10
7
5
0
3
2-98 2*63
9 5
Rainfall,ii 1-77 4-34 2-33
Days rain. 11
14
5
3-09 1-53 3*02
10
5
10
7-24 2-31 7*29
10
10
14
5
0-51 0*33
4
14
Sales o f the w eek..............bales
Of which exporters t o o k ....
Of which speculators t o o k ...
Sales A m erican . . . . __ _______ _
Actual ex p ort_______ ________
F o rw a r d e d ......... ...................
Total stock—Estimated............
Oi w hich American—Estim’d
Total im port o f the w eek.........
Of which A m erican............ .
Amount alloat............
O f which A m erican................
Actual count—29,086 hales
bales American.
Ô-16 3-88 4-78 4-18 2-67 2*30
14
11
10 |i 7
8
16
Memphis.—
Rainfall,in 2-49 8-37 0-43 5-40 4-18 3-CO 1-15 2-34 2‘88
Days rain.
11
10
10
15
7
11
0
0
15
Ashwood—
Rainfall,in 3-31 7-02, 2-89, 7-43 4-56 4-46 3-72 1-05 2*86
Days rain.
8
14
8
10
0
8
7
5
11
A u stin —
Rainfall,in 2-331 2-57 4-79 5-27 4-54 4-86
2-01 2*88
Days rain.. 11
8
10
13
0
9
7 10
2
8-43 210
11
14
The tone of the Liverpool market for spots and futures each
day of the week ending June 8 and the daily closing prices
of spot cotton, have been as follows :
2
2-83 2-11
11
14
4
2-60 3’48
10
10
2
3-32 254
Rainfall,ix
Days rain.
sQloster.—
-ARKANSAS
a
4*50
10
2
2*75
4
¿Little Rock.-
¡Helena—
WOrt Smi-h—
TENNES’E,
■lNashville.—
Rainfall,it 3-78 8-47 3-82
Days rain., 13
14
13
11
TEXAS. t
0
Galveston.—;
Rainfall, & 7-54 1-80 2-31
Days rain.. 12
8
b
2-84 1-98 3-19. 3-13
8
0 9
0
Rainfall,in 474 3-87 3-95
Days rain.. 11
10
9-48 1-45 4-02
12
4
11
8-02 0-74
8
3
Rainfall,in 0-01 0-06 1-44
Days rain..
5
1
0-40 0-19 1-49
5
1
8
2-69 8-06 2*44
0
8
8
3
7-01
Rainfall,in 2-80 1-74' 1-75
Days rain.. 11
6
14
2-85 032 3-31
10
5
13
5-15 2-34 2 58
11
8
10
5*
1
5*3(1
Rainfall,in 7-22 1-71 2-18
2-49 1-76 3-94
tt
4
«
6-57
9
♦
4
5
1
-Palestine—
9
Fort Elliot—
■Cleburne—
Austin—
fi
* Jnapprç çia b lç,
7
1
2*15
8
10
5*04
9
5
484 0-03
2
5
1
11
11
Spot.
48,006
4.000
3.000
36.000
8.000
13.000
773.000
558.000
54.000
41.000
10 ,000
47.000
added as
Saturday Monday. Tuesday.
Market, )
Small
12:30 P.M. \ inquiry.
Mid.Upl’ds.
53s
Mid. Ori’ns.
5 716
Sales...........
5,000
Spec. & exp.
5 jO
More
doing.
53s
5 7ie
1 Q.0 0 0
Futures.
Market, \
12:30 p.M. $
Market, [
4 P. M. Ç
Small
inquiry.
53s
*>718
,
28,000
2,000
45,000
3,000
59.000
4.0 00
2.000
35.000
46.000
14.000
7,000
15.000
15.000
12.000
7n7,000 *782.000 748.000
554.000 *57 ,000 552.000
45.000
58.000
40.000
29.000
40.000
31.000
119.000 1 .3 .0 0 0
88.000
56.000
35.000
36 .000
correction, o f which 27.923
*
1,000
23.000
11.000
Wednes. Thursd’y.
F riday.
Steady.
Fair
business
Steady.
5»8
5 716
5*8
5718
1 ,0 0 0
8 ,0 0 0
1,0 0 0
1 2 ,0 0 0
1,0 0 0
10 ,0 0 0
1,0 0 0
10 ,0 0 0
1 ,0 0 0
Quiet.
Steady.
Quiet,
Quiet.
Steady.
Steady.
Easy.
Barely
steady.
8 teadyi ' 1
5*8
5 7ie
Bftrely, i Bÿfnely
'Easy. 3 i, steady.
_ steady.
The opening, highest, lovvekt and closing prices of futures
o-oo Liverpool for each day o f the week are given b e lo w / These
0 prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated,
THE
746
p y The price* are given in pence and 6-iths thu s:
5 63 64d., and 6 01 means 6 1-64(1.
Open High Low. Olos. Open High Low. Olos. Open
d.
a. a.
d.
d.
d.
d.
d.
d.
5 23 5 23 5 23 5 23 5 24 524 523 5 23 5 23
5 23 5 23 5 23 5 23 524 5 24 5 23 5 23 5 2 1
5 24 5 24 5 24 5 24 524 624 5 23 5 23 5 23
523 5 23 5 23 5 23 5 23 521 5 22 5 22 5 22
September. 523 5 23 5 23 5 23 5 23 5 23 5 22 5 22 5 22
5 13 5 13 513 5 13 514 514 513 513 513
Oct.-Nov... 5 09 5C9 5 09 5 09 5 09 5 09 5 09 5 09 5 09
5 07 5 07 5 07 5 07 5 07 5 07 5C7 5 07 5 07
Dec.-Tan... 5 07 5 07 5 07 5 07 5 07 5 07 5 07 5 07 5 07
W e d n e s. J u n e 6.
5 63 m eon»
T u e s ,, J u n e 5 .
M o n ., J u n e 4 .
S a t., J u n e 2 .
High Low. Clot
d.
5 23
5 22
5 23
5 22
5 22
5 18
5 09
5 07
5 07
d.
0 23
5 23
5 24
523
5 23
513
5 09
5 07
5 07
d.
5 23
5 23
5 24
5 23
5 23
5 09
5 07
607
F r l„ June 8.
T h u n ,, Ja n e 7 .
Open High Low. Olos. Open High Low. Clos. Open High
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 23 5 23 5 22 5 22 523 5 23 5 23 5 23 524 5 24
5 23 5 23 5 22 5 22 5 23 5 23 5 23 5 23 5 24 5 24
5 23 5 23 5 23 5 23 5 23 5 23 5 23 5 23 524 5 24
Ausr^Sept.. 5 22 5 22 5 22 5 22 5 21 5 23 5 22 623 5 23 523
September. 5 22 5 22 5 22 522 5 23 523 5 22 5 22 5 23 5 23
' s i s 5 13 5 13 513 5 13 513 513 5 13 514 5 14
5 03 5 0« 5 08 5 08 5 09 5 09 5 09 5 <9 510 5 10
Nov.-Dee... 5 07 5 07 5 06 5 06 5 07 5 07 ~5 07 5 07 5 08 5 08
D e c.-J a n ... 5 07 6 07 5 06 5 06 5 07 5 07 5 07 5 07 508 5 08
fVoL' X L v r .
C H R O N IC LE .
Low. Olos.
d.
5 23
5 23
5 23
5 23
5 23
5 lii
5 09
5 07
5 07
d.
523
5 23
6 23
5 23
5 23
5 13
5 09
5 07
5 07
Receipts at—
Chicago ......
Milwaukee...
T oledo.........
Detroit........
C leveland...
St. Louis.......
Peoria...........
Minneapolis.
F r i d a y , P . M., June 8 ,1 8 8 8 .
Oats.
Barley.
Bye.
33,245
87.694
275,575 1,439,448 3,494.136 8.010414
Tot.wk. ’88.
21,419»
92.819
209.985 3.198,732 1,979,713 1,259,863
Same wk.’87.
29,168
175,036
172,298 1,541,238 2,387,602 2,262,720
Same wk.’86
Since Aug. L
1887-8....... 10,6?9.347 98,911,795 76,917,202 67.341,670 22,392,850 1,914,933
1888-7*......
9.446.224 80.327,179 75.100.744 59,001,035 21,150,063 1.884,578
1885-6*.......
7,362:023 53,650,936 82.356,915 54,558,418 20,009,018 2,749,887
* Include one week extra.
The rail and lake shipments from Western Lake and river
ports for last four weeks were:
W eek
en d in g—
F lo u r
bbls.
June 2 ,'8 8 .
M ay 2 6 ,’88.
May 1 9 ,’ 88.
May 1 2 ,’88.
W heat,
bush.
C orn ,
bush.
Oats,
bush.
B a r le y ,
bush.
40 1.90 11.4 37,2 60 1,575,369 1.78 >,945
431,049 2,329,047 1,448,455 1 ,5 6 6 ,8 '2
526,754 2,037,799 1,564,735 1„4V2,698
442,600 981,161 2,091,386 1,492.219
B ye,
bush.
34.616
48,879
85,902
109.266
Tot. 4 w k s.. 1,802,304 6,785,267 6,679.945 6.293,664
4 wks 1887.1,440.544 9,611,225 5,667,194 4,911,617
15,779
26,671
36,432
80,291
278.663 159.173
ly 2 ,5 3 0 50,942
The receipts of flour and grain at the seaboard ports for the
week ended June 2, 1888, follow:
New Y ork......... 105.649 1,088,150
600
Boston.............. 59.659
40,200
M ontreal.......... 13.349
í 0,202
Philadelphia... 12,590
24,108
72.656
Baltim ore____
4,989
10,955
Richm ond........
Norfolk. V a ___
4,526
450
New O rleans... 19,148
563.400
147,600
15.528
49,751
19,100
H56
1.907
55,3 0
329,104
76.360
194,213
54.385
45,268
4,569
5,909
49,925
R ye,
bush.
1,464
150
B a rley ,
bush.
Oats,
bush.
O orn,
bush.
W heat,
bush.
F lou r,
bbls.
A t—
B R E A D*S T U F F S.
Corn.
Wheat.
Flour.
Bbls.lUfUbs Bush.60lbs Bush. 56 lbs Bush.32lbs Bush AH lbs B u. 56 lbs
21,395
47.785
196,361 2,650.363 2,301.855
120.813
66000
3,920
16,740
18,650
215,579
47,806
2.800
62,179
90»
13,139
2.253
39.444.
9.859
46.449
41,726
2,185
196
4,100
57.425
25,850
42,881
6,357
775
252:«30
4,200
549.955
58.904
15,222
6,050
7,800
287,000
142,600
14.560
2,893
22*2,458
78,047
633,840
650
1.200
600
The demand for flour and meal ha3 been sluggish through
3,300
out the week under review, and values were weak and un.
settled, although the range of quotations sho vs very little
.........
change. To-day the market was dull and weak.
5,514
1,850
Total week. 292.566 1,194,665 759.743 8 53.472
The wheat market has been less active for speculation, but Oor. week ’ 8 7 ., 274,999 2,284,905 1,129,311 652.035 13,854 22 ,500
there was a fair export demand with moderate buying by
The total receipts at the same ports for the period from Jan.
local millers. Not until] Wednesday, however, was there 1 to June 2, 1888, compare as follows for four years:
1888.
1887.
*1886.
*1885.
any decided advance, and then it was due to an unfavorable
Flour. .. .............. bbls.
5,976,740
6,109,246
5,172,216
6,489,829
crop report from the trans-Mississippi region. Dulness and
heat................hush.
6,293,078 26,932,726 1 1 /6 1 .7 3 7 16,529,597
depression followed, and to-day the market was weak f,nd W
C o m ......... ................. 13,247,659
23.19^,257 44,365,823 46.005,550
12,439,846 13,049,002 14,932,753 14,878,922
unsettled, awaiting the Bureau crop report which is to come O a t s ...................
2,305,939
Barley.........................
1,989.450
2,187.865 2 /8 9 .1 5 3
out to-morrow (Saturday).
601.598
149,401
469,236
203,074
Rye ............................
D A I L Y C LO SIN G P R IC E S O P N O . 2
Sat.
Jane d e liv e r y ....-,..........c .
c.
July delivery...................c.
August d elivery .. . . . . . . Cc.
September d elivery------cc..
D ecem ber delivery........ cO.'
M ay, ’ 89 delivery .........cC-.
90%
91%
92%
9 92%
2 si
95%
99*2_
M on,
90
91
91%
92%
95
99%
R E D W IN T E R W H E A T .
Tues.
90%
9 1%
92%
92%
95%
1 00
Wed.
91%
92%
93%
93%
96*4
1 00%
T h u rs.
91%
92%
93%
93%
96%
1 00%
F ri
91%
92%
93
93%
96
1 00%
Indian corn has declined sharply under the better weather
for the growing crop and increased receipts at Western
markets, dispelling in some degree the anticipations of a
scarcity.
D A I L Y CLO SIN G P R IC E S O P N O . 2 M IX E D CORN .
Sat.
...e .
,..o .
62%
63
63%
63%
—
M on.
Tues.
Wed.
62
62%
62%
62%
61
61%
62
62%
62%
61
61%
61%
62%
62%
....
Thurs.
60%
60%
61%
61%
61%
F r i.
59%
60
60%
60%
61%
Oats have been irregular; white grades are scarce and
dearer, but mixed is in lull supply and close lower.
D A I L Y CLO SIN G P R IC E S O P N O . 2 M IX E D O ATS.
¡Sat.
June delivery....................e.
. ...e .
...c .
J u ly d e liv e ry ..................c
,...e .'
August delivery.............e.
. . . . ce .
September delivery —
38%
38%
38%
34%
33%
33%
M on .
Tues.
Wed.
38%
38%
34%
33%
37%
38%
34%
33%
37%
38%
34%
33%
T hurs.
36%
37%
33%
33
F r i.
36%
3 25® 3 50
3 50® 3 55
GRAIN.
Rye—
e.
C.
c.
c.
W heat—
.
.
State <fePa., $ hush. 6 9 ® 74
Spring, per b u sh ... 85 ® 94
Oats—M i x e d ..... . . . . 3 8 % ® 40
Spring No. 2 . . . . . . . 87 ® 88
W hite....................... 4 5 ® 4 8
B ed winter No. 2 .. . 92 ® , 94
No. 2 m ixed............ 37% ® 3 8 %
88 ® * 95
B ed w inter......... .
No. 2 w hite............. 46 ® 47
W hite..................... 88 ® 94
C om —West’n m ixed. 59 ® 61% Barley—
Canada No. 1 .........
®
W e s f n m ixed No. 2. 60 ® 61
Two-rowed State..
®
59% ® 60%
Steamer No. 2 .......
Six-rowed State.. . .
®
Western y e llo w .... 60 ® 62
Malt—State,
4-rowed.
97
® 1 00
63
®
61
Southern w h it e ....
State, 2-row ed....... 90 ® 94
mcghftofent of eJ»eaJd^ftffSt to market is indicated in the
o n f w . prepared bv us from the figures of the New
3
E xchange iW» first give the receipts at West*
^U^lak^AidiriTorTpoutS/airranged jso as to present the comMor oiho 1w©eki dnding June 2, 1888, and
since August, for each of the last three years:
E xports
fro m —
New York
B oston .. Portland.
M ontreal
Philadel .
Baltim’ie
N. Orl’n s .
N. News
Richm’d .
W heat.
O orn.
F lo u r .
Oats.
B y e.
P ea s.
B u sh .
B ush.
B bls.
B u sh
B u sh .
B u sh .
364,068
177,854
36,165
63,048
34,421
128,011
159,671
1 ,4 1 9
2 ,8 4 9
5 ..........
25.295
62,856
19,490
8,571
7,709
'594
Tot. w ’te. 492,079
9’me time
1887. .. 2,534,949
461,841
137,042
2 ,8 4 9
475,822
108,529
1 2 9 ,2 ? 1
6 9 ,5 6 1
..........
3,200
7 0 ,9 8 0
4 5 ,3 9 0
1 2 4 ,8 1 0
The destination of these exports is as below. We add the
corresponding period of last year for comparison.
1888.
W eek,
J u n e 2.
1887.
1888.
1887.
1888.
W eek,
J u n e 4.
W eek,
J u n e 2.
W eek,
J u n e 4.
W eek,
J u n e 2.
B ush .
B u sh
B bls.
Bbls.
Un.King.
Cont’n t ..
8.&C.Am.
W. Indies
Brit, col’ s
Oth.c’n’ts
C orn .
W heat.
F lo u r.
E xp orts
■for w eek
to—
$3 40® 3 65
3 75® 4 75
3 40® 3 65
2 40® 2 65
80,321 ,606
The exports from the several seaboard ports for the week
ending June 2, 1888, are shown in the annexed statement:
33%
33
73,452,540
* Include one week extra.
37%
The following are the closing quotations:
FLOUR.
p in e ................... V bbl. $2 35® $3 00 Snuth’n com. ex tra s..
S u p erfin e................... 2 65® 3 1 5 Southern bakers’ and
fam ily b r a n d s ......
Spring w h e a t e x t r a s . 3 25® 3 40
B u n n , c l e a r a n d s t r a ’ t . 3 85® 4 65 B ye flour, superfine..
Fine......... .
W inter shipp’ g e x t r a s . 3 25® 3 50
W i n t e r X X a n d X X X . 3 65® 4 70 C om meal—1
Western, & e . . . . . . . .
B randyw ine.. . . . . . .
Southern s u p e r s ...... 3 15® a 30
Total grain................. 34,119,434 65,838.086
71,520
3,040
16,934
25,154
19,539
855
69,833
8,081
4,203
9,965
15,863
584
T o ta l... 1 137,042 1 108,5291
224.021 1,11",953
268,058 1,414,389
3,125
1887.
W eek,
J u n e 4.
B u sh .
B u sh .
420,013
18,500
632
22,571
125
319,320
134.568
17,452
3,038
1,200
244
461,841
575,822
6,500
492,079 2,534,967
By adding this week’s movement to our previous totals we
the following statement of exports:
have
Flour.
Wheat.
Corn.
Sept. 1,’S7. Sept. 1,’86, Sept. 1,’87. Sept. 1,’86. Sept. 1,’87. Sept.1,’86
Exports to— to June
to June
to June
to June
to June
to June
2, 1888. 4,1887.
4, 1887.
2, 1888.
2, 1888. 4,1887.
Un.K ngdom
C ontin ent...
S. &C. A m ...
W est Indies.
Brit. Col’nles
Oth. countr’s
T o t 1'
Bbls.
6,184.689
312,759
811,169
755.827
523,943
32 884
Bush.
Bush.
Bush.
Bush.
Bbls.
5,202,148 13,142,563 32.211,022 12.909,200 20,699,503
405.136 10,122,117 26,355,347 3,497,797 9,047,141
588,190
36,342
223,260
45,765
839,449
395,057
299,956
3,071
618,093
19,055
34,199
66,869
4,505
409,705
52,23»
134,598
28,955
53,294
30,402
8.621 271
7.504.933 22.387.299 58,740 378 17.026,037 30.810,32»
J une 9, 1888.]
T H E C H R O N IC LE .
747
The visible supply of grain, comprising the stocks in granary new business was less active than during the previous week.
at the principal points of accumulation at lake and seaboard Prices ruled steady all along the line, and prominent makes
ports, and in transit by water, June 2, 1888 ;
of bleached cottons, as Lonsdale, Far well, &c., were slightly
Wheat,
C om ,
Oats,
Bye,
Barley.
ad vanced by the mill agents, as were some of the lower grades.
I n store at—
bush.
bush.
bush.
bush.
busti.
Fine brown sheetings continue in meagre supply, and other
2,007,749
386.883 334,147
9,227
9,048
D o afloat.
brown cottons are well sold up. Stocks of bleached cottoas in
295,800
135,500
73,400
8,000
A l b a n y ......
62,600
600
64,100
34,200
first hands are exceptionally small, and many makes of cot
843.243
325,402
88,386
26,419
43,068 ton flannels, wide sheetings, corset jeans, &c., are under the
4,753,601 5,094,636 2,363,505
47,667
57,133
1,691,997
4,196
5,690
32,536
32,242 control of orders for some time to come. Colored cottons
5,279,299
164,725
1,310
were in moderate request, and desirable makes are well sold up
T o le d o ...........
513,926
125,037
14,134
1,056
and firm in price. Print cloths were in steady demand, and
D e tro it.......
300,125
33,120
39,088
557
559 prices remain firm at 3%c. bid for 64x64s and 3%c. plus 1 per
O sw ego..........
40,000
20.000
90,000
St. L o u is .....
341,894
640,976 198,307
3,746
6,467 cent bid for 56x60s. Stocks last Saturday and tor the three
C incinnati. . .
17,000
18,000
58,000
9,000
26,000 previous years were as follows :
B o s to n .........
T oronto.........
M o n tre a l.....
Philadelphia
P e o ria ............
Indianapolis.
Kansas City..
St. P au l.................
On M ississippi___
20,726
63,233
237,799
108,195
5,299
33,543
44,795
’ 430,837
6,467,464
271,000
44,057
27,034
111,663
125,705
108,837
52,918
93,101
131,846
14,766
23,618
79,160
386,197
96,827
34,089
813
3,950
27,174
2,067
1,099
59,885
1,077
1,423
1888.
Stock o f P rin t Cloths—
June 2.
Held b y Providence m a n u frs..
6,000
F all R iver m anufacturers...
6,000
None
Outside speculators (e s t).....
6,000
Total stock (pieces). . . . '
18,000
1887.
June 4.
116,000
236,000
53,000
50,000
1886.
June 5.
74,000
69,000
156,000
20,000
455,000
319,000 1,419,000
1885.
June 6.
445,000
375,000
324,00 »
275,000
Light fancy prints, shirtings and robes were in fast request,
23,300
73,300
and a moderately good business was done in printed and
1,025,301
749 562 619Ì821
On canal & river. 1,632,000
863,200 499,600
woven cotton dress fabrics, as sateens, lawns, batistes, per
Tot. June 2 , ’88. 26,425,426 9,210,452 5,399,291 206,412 328,001 cales, ginghams, seersuckers, &c., at steady prices.
D o m e s t ic W o o l e n G o o d s , —There was a very fair move
Tot. M ay 26, ’88. 27,662.465 8,268,360 5,002,811 206,123 378,495
Tot. June 4, ’87. 42,450.871 12.709,312 3,453,327 259,344 194,550 ment in men’s-wear woolens, in execution of back orders, but
Tot. June 5,’ 86*. 33,465.946 8,861,322 2,168,869 282,6 0 295.492 new business in this connection was chiefly of a hand-toTot. June 6,’85*. 37,234,271 6,407,755 2,816,135 215,768 210,009
mouth character, and light in the aggregate amount. Follow
* M inneapolis and St. Paul not included.
ing the recent trade sales of flannels, there was a light and
According to Beerbohm’s London cablegram, the amount of irregular demand for these goods at first hands, but a con
wheat and corn on passage at the dates mentioned stood as siderable business was done by some of the leading jobbers,
who named relatively low figures in order to distribute their
follows:
auction purchases. Blankets were more active in some quar
ters, and a fair trade was done in leading makes of Kentucky
Week ending June 6. Week ending M ay 30.
jeans and doeskins. Satinets were mostly quiet in demand,
Grain on Passage.
and there was only a moderate call for cloakings, Jersey
Wheat.
C om .
Wheat.
Com .
cloths and stockinets by jobbers and the manufacturing trade.
To United K in gd om ., qre,
2,418,000 452,000
2,490,000 393,000 Dress, goods of a seasonable character ruled quiet in first
To Continent..................
565,000
36,000
538,000
35,000 hands, and the demand for fall and winter fabrics was mainly
Total quarters............
2,983.000 488,000
3,028,000 428,000 for relatively small parcels of the most staple kinds. Wool
Equal in bushels................ 23.864.000 3.904.000 24.224.000 3.424.000
Same week in 1887. .bush. 18.720.000 3.504.000 19.752.000 3.624.000 hosiery and knit underwear are more active, but buyers are
very cautious in placing orders for next season.
F o r e ig n D r y G o o d s . —Although the retail trade in foreign
The exports of wheat 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 generally steady
Week end’g Week end'g A p ril 1 to
"Exports o f Wheat from, India.
in price, but fancy dress goods, silks, &c\, are somewhat in
June 2.
M ay 26.
June 2.
buyers’ favor, as are laces and some sorts of embroideries.
To United K in g d o m ...
680,000 1,140,000
3,520,000 The auction rooms were pretty well attended by the trade, but
To Continent............ : . . . .
720,000
680,000
5,000,000 no offerings of special importance were presented through
T otal............................
1,400,000 1,820,000
8,520,000 their medium during the week.
Im p o r ta tio n s o f D r y G o o d s.
TH E DRY GOODS TRAD E.
N e w Y o r k , Friday P. M., June 8, 1888.
Goto X)C0©
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W
r -p p p
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11,386,855
46,324,475
4,554,504
2,044,372
2,234,679
1,103,861
1,449,439
MM
©M MMJOMM
COGO CO M O <100
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125,587
306,692
MtOOMO
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432,279! 57,711,330
o oo
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to o
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OOMCOCÛ
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OtOCOtSCi
M Ift XI tO dt
3,848,531
2,233,507
2,119,357
1,186,240
1,298,523
© M tO © ^ J
<J
M
ppMQOO
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MCO00CO©
<|COM<l<!
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3,325
4,290
MMJOHW
tOM
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Men
MM
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-atotsMifi
MWCÎCO©
tfi it to COM
OM
h’OQ3
§j\ : 2 ’-*8»
e:
10,686,158
43,616,591
co p
©GO O M0 0 ) 0
M m cocD cr»
p p p o t o pj-»
orco tO C D C D h -©
355,653| 54,302,7491 1 7,615 !1,437,308
M CD
p p
131,145
51,633
62,858
41,910
21,163
p
GO
©
MMtCMOO
M anufactures o f—
W o o l.....................
C o tto n .................
S ilk ......................
F la x ......................
M iscellaneous .........
O C O tO M M
OCOHOCO
T o t a l ................. [ 1,810 308,709
E nt’d fo r consumpt 6,000 1,390,132
O GO
O CD
© tO
1,698,841
g
Total on m ark et...
In accordance with general 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 having become so mUch
more favorable for the retail trade that numerous small orders
for reassortments of summer goods were received from many
distributing points in the interior. Jobbers’ from the Pacific
Coast and other remote markets were freer buyers in antici
pation of future requirements, and Southern jobbers (who are
well represented in the market) were busily engaged in making
memoranda as a basis for future operations, though their
actual purchases of fall goods have thus far been unimportant.
Domestic woolen goods and most descriptions of forejgn
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,
because of the limited stocks on hand and the liberal demand
for consumption in sight.
D o m e s t ic C o t t o n G o o d s .— The exports of cotton goods
from this port for the week ending June 5 were 3,243 pack
ages, valued at $196,759. These shipments include 978 to
China, 882 to South America, 500 to British East Indies, 318 to
the West Indies, 183 to Central America, 162 to Mexico, 100
to Hodeidah, 35 to Europe, 33 to Liberia, 30 to British Hon
duras and 21 to all other countries. 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. For 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,
and 15,961 packages, valued at $1,150,910, to South America.
To the same 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 of former transactions, but
The importations of dry goods at this port for the week
ending May 31,1888, and since Jan. 1, and the s ime facts for
the corresponding periods of last year are as follo ws :
M
C O M O > < )©
M|£. CD0105-99
<icnM
cno
toenooo<i
O co© oco
Ü<MM^.tO
OtOÔîib-O
00 0 03 00 05
d i 03 05 # -0 0
oo S.
748
T H E CH RO N ICLE.
Q vn& t C o m p a n ie s .
% xxxst
[V ol
XLVI.
jan k ers atud ^xoUxxs
fä o m p K M U s .
Brooklyn Trust C o., Brewster, Cobb
Union Trust Company The
Cor. o f Montague and Clinton Sts.,Brooklyn, N.Y.
C A P I T A L (all in U. 8. Bonds) - $ 1 , 0 0 0 , 0 0 0
OF NEW Y O R K .
& Estabrook,
This company is authorized by special charter to
7 B Broadway, cor. Rector St., N.Y,
C A P IT A L ,
- $ 1 ,0 0 0 ,0 0 0
SURPLUS, 3 ,0 0 0 ,0 0 0
Authorized to act as E xecutor, Administrator,
Guardian, R eceiver, or Trustee, and is
A LEGAL DEPOSITORY FOR MONEY.
A ccepts the transfer agency and registry o f stocks,
and acts as Trustee of mortgages o f corporations.
A lo w s interest on deposits, which may be made
at any time, and withdrawn on five days’ notice,
with interest fo r the whole tim e they remain with
the com pany.:
For tne convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
TRUSTEES:
W m . W hite wright,
James M. McLean,
A m brose C. Kingsland,
H enry A. Kent,
James H . Ogilvie,
R. T. W ilson,
S. T. Fairchfid,
W m. F. Russell,
I. H .Frothingham ,
C. D. W ood,
George A . Jarvis,
James N. Platt,
C. Vanderbilt,
D. C. Hays
W m. A lex. Duer,
A . A . Low,
Charles H . Leland,
G. G. W illiams,
R . G. Remsen.
Edward King,
E. B. W esley,
Edward Schell,
D. H . McAlpin,
Amasa J. Parker.
Samuel F. Barger.
George B. Carhart,
Chauncey M. Depew,
Geo. Ç. Magoun,
H .V anR ennsel’r Kennedy,W . Emlen Roosevelt.!
E XECU TIVE COMM ITTEE:
Wm. W hitewright,
G. G. Williams,
James McLean,
E. B. W esley,
Geo. C. Magoun,
C. D. W ood,
D. C. Hays,
A . C. Kingsland.
E D W A R D KING, President.
JAM ES M. MCLEAN, First V ice-Pres’t.
JAM ES H . OGILVTE, Second V ice-Pres’t.
A. 0 . RONALDSON, Secretary.
A . W . KE LLE Y, Assistant Secretary.
United States Trust Co.
OF NEW YORK,
NO. 49 W ALL STREET.
C A P IT A L A N D S U R P L U S , - $ 7 ,0 0 0 ,0 0 0
This company is a legal depository fo r moneys
paid into court, and is authorized to act as guardian
or trustee.
INTEREST A LLO W ED ON DEPOSITS,
which may be made at any tim e and withdrawn
after five days’ notice, and will be entitled to inter
est' for the whole time they may remain with the
company.
Executors, administrators, or trustees o f estates,
and females unaccustomed to the transaction of
business, as well as religious and benevolent institu
tions, will find this company a convenient deposit
ory for money.
JOHN A . STE W A R T, President,
GEORGE BLISS, Vice-President,
JAM ES 8. C LARK, Second V ioe-Pres’t.
TRUSTEES:
W ilson G. Hunt, H. E. Lawrence, [Wm. Libbey.
Clinton Gilbert, Isaac N .Phelps, John C. Brown,
Daniel D. Lord, Erastus Corning, Edward Cooper,
Samuel Sloan,
S. B. Chittenden, W .B ’y ’rdCutting
James Low,
J ohnH. Rb oades, Chas. S. Smith,
W m.W.Phelps, Anson P. Stokes, W m .Rockefeller,
D. Willis James, Robt.B.MiDturn, A lex. E. Orr,
John J, Astor,
Geo. H . Warren, W m.H.M acy.Jr.,
John A. Stewart, George Bliss,
Charles E. Bill,
W m . D. Sloane.
H E N R Y L. THORNELL, Secretary.
LOUIS G. HAM PTON , Assistant Secretary.
act as receiver, trustee, guardian, executor or administrstor.
It can act as agent in the sale or management o f
real estate, collect interest or dividends, receive re
gistry and transfer books, or make purchase and sale
o f Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction o f business, will
find this Company a safe and convenient depository
for m oney, R IP L E Y ROPES, President.
EDMUND W .C O R LISS, V ice-Pres’t.
TRUSTEES.
E. F . Knowlton, H ’y K. Sheldon,
John T . Martin, C. D. W ood,
Fred. Cromwell, W m .H .M ale,
John P . R olfe,
Ripley Ropes,
E. W . Corlies.
Abram B.Baylls,
H .E .P ierrepont, H . W , Maxwell,
J amies R o ss Cu r r a n , Secretary.
F rederick C. Colton, Asst. Sec’y.
Jo slab O. Low,
A lex. M. W hite,
A . A. Low,
A lex. McCue,
Mich'i Chauncey,
W m. B. Kendail,
C a p ita l, F u lly P a i d , - - - » $ 1 ,0 0 0 ,0 0 0
THIS
COMPANY TRANSACTS
A
GEN ERAL
LOAN, TRUST & FIN AN CIAL BUSINESS.
Receives money on Deposit, subject to check, and
allows interest on balances.
A ll Checks pass through the Clearing House.
Makes Investments o f Money, acts as Executor
Administrator. Guardian, Trustee, etc.
Also, as Registrar and Transfer Agent.
A n authorized Depository fo r Court and County
Treasurers’ Funds.
O. D. BALD W IN , President.
GEO A . EVAN S, Vice-President.
J. S. THURSTON, Sec. & Treas.
Directors :
John L. Macaulay.
Rowland N. Hazard,
George S. Hart,
A lexander G. Black,
W allace C. Andrews,
John I. Blair,
W illiam P. Anderson,
Jules Aldige,
John D. Kimmey,
John Ross,
Charles Parsons,
George A . Evans.
Granville P. Hawes.
James S. Thurston,
Benjamin F. Tracy,
John S. Silver,
Thos. F. Goodrich,
Payson Merrill,
Herman Clark,
Thomas C. Platt,
John P. Townsend,
O. D. Baldwin.
Metropolitan Trust Co._,
3 ? W a l l S tre e t, N e w Y o r k .
P A I D -U P C A P I T A L , - - $ 1 ,0 0 0 ,0 0 0
Designated as a legal depository by order o f
Supreme Court. R eceive deposits o f m oney on
interest, act as fiscal or transfer agent, or trustee
fo r corporations, and accept and execu ’ e any legal
trusts from persons or corporations, on as favorable
terms as other similar companies.
THOMAS H1LLHOUSE, President,
FREDERIC D, TA P P E N , V ice-President,
CHARLES Mr JESU F, Secretary.
35
CONGRESS
STREET,
BO STO N.
MEMBERS OP TH E NEW Y O R K AND
BOSTON STOCK EXCHANGES.
ALSO,
O s tle r s i n M u n i c i p a l, S ta te , R a i lr o a d
a n d U n it e d S ta tes B o n d s .
Irving A . Evans & C o.,
BANKERS AND BROKERS,
N o.
53
ST A TE
S T R E E T ,
BOSTON^
American Association
MEMBERS OF BOSTON, N EW FORK AN D
P H IL A D E L P H IA STOCK EXCHANGES.
OF
PUBLIC ACCOUNTANTS.
I n c o r p o r a te d A u g u s t 2 0 , 1 8 8 7 , U n d er th e
L a w s a n d S ta tu te s o f th e S ta te o f
N ew Y o r k .
The business and objects o f this Society are to
associate into a Society or Guild, the best and
m ost capable Public A ccountants practicing in
the United States, and through such Association to
elevate the profession o f Public Accountants, as a
whole, and demonstrate their usefulness by com pel
ling an exam ination as to fitness, and the observ
ance o f strict rules o f conduct as a condition o f
membership.
O F F IC E R S :
P r e s id e n t —JAM ES YALDEN , New York.
V ic e - P r e s .—JOHN HEINS, Philadelphia.
S e c .—JAMES T. ANYON, New York.
T r e a s .—W M . H . V EYSEY, New York.
C O U N C IL .
James T. Anyon, N. Y .
Mark C. Mirick, N. Y .
Louis M. Bergtheil, N.Y. R odney McLaughlin, Bost.
W illiam Calhoun. N.Y. C. H . W . Sibley, N.Y.
George H. Church, N.Y. W illiam H . Yeysey, N.Y.
John Heins,Philadelphia. W alter H. P. V eysey. N.Y.
James Yalden, N.Y.
S to c k s a n d
Bonds B ought
in a ll M a rk e ts.
and
S o ld
Jo s h u a W ilbour ,
Ch arles h . Sheldon , J r
B e n ja m in a . J ackson , w il l ia m b in n e y , j r .
Wilbour, Jackson & C o.,
BAN KERS AN D BROKERS,
N o. 52
W EYBOSSET
STREET,
P R O V ID E N C E , R . I .
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Rea Bros. & C o.,
BAN KERS AND BROKERS,
AND DEALERS IN FOREIGN EXCHANGE.
125 W o o d Street, Pittsburg, Pa
FE LLOW S OF '1HE ASSOCIATION.
James T. A nyon, Louis M. Bergtheil, Thomas
Bagot, James Cox, W illiam Calhoun, George H.
Churcn, C.W. Haskins, R . F. Munro, Mark C. Mirick,
C. H . W . Sibley ¡H e n ry M. Tate, W illiam H.Veysey,
W alter H . P . Veysey, James Yalden, New Y ork;
Richard F. Stevens, Jersey City, N. J.; H orace D.
Bradbury, liodney McLaughlin, H enry A . Piper,
Boston, Mass.; John W . Francis, John Heins, Henry
Kelly. Philadelphia, Pa.; Eric M. Noble, Washing;!
ton, D. C.
MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
O ffices o l t h e A s s o c i a t i o n , N o . 1 2 0 B r o a d
w a y , R o o m 5 1 (6 th F l o o r ) , N e w Y o r k C it y
BAN KERS AND BROKERS,
N o . 1 3 9 S o u t h F o u r t h S t ., P h i l a d e l p h i a .
Railroad, Municipal and other desirable In vest
ment Securities fo r sale.
Transact a general banking business. A llow inter
est on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
Y
o
r k
. ___________________________
A . L. Hartridge
SAVAN N AH ,
G A .,
SECURITY
BROKER.
Buys and sells, on commission all classes o f Stocks
sad Bonds
Negotiates loans on marketable securities.
New York Quotations furnished by private ticker
every fifteen minutes.
E. W . Clark & C o.,
W m . G. Hopper & C o.,
28
American Loan & Trust Co.,
113 BROADWAY, NEW YORK.
BANKERS,
NO.
ATLANTA.
,
Humphreys Castleman,
AND D E A LER IN A L L KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission
Georgia and Alai ama Securities specially dealt in.
Correspondents —Tobey A Kirk and AJOutenhofer
New York.
References—Atlanta National Bank, Atlanta,Ga.
sod Fourth National Bank. New York._____________
BAN KERS AND BROKERS,
South
T h lr .d
Street,
P H IL A D E L P H IA .
Direct Private W ire and Long Distance lelephone
to Ha r r is , F uller & B ickley , New York.
4BOKER
P I T T S B U R G H ,
PA.
ESTABLISHED 1871.
Whitney & Stephenson,
BAN K E R S AND BROKERS,
W ilson, Colston & C o.,
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburgh members N.Y. Stock Exchange.
BANKERS AND BROKERS,
(Memb
o f Baltimore Stock Exchange),
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECURITIES
a specialty.)
Correspondence solicited and inform ation fur
nished.
N, Y . Correspondents—M cK im Brothers & Co.
H. B. Morehead .
W m. Fa ir le y
H. B. Morehead & C o.,
STOCK, BOND A N D NOTE BROKERS,
N o . 5 1 W e s t T h ir d S tre e t,
T H O M A S B R A N C H & Cl>.,
BAN KERS A N D COMMISSION MERCHANTS,
R IC H M O N D , V I R G I N I A .
Circulars and inform ation on funding the debts of
Virginia and North Carolina free o f cost; one-eighth
per cent charged fo r funding. Southern Railroad
and State and City Bonds bought and sold.
Robert Garrett & Sons,
BANKERS,
NO.
7
S O U T H
N. W . Harris &
C o.,
C H IC A G O a n d B O S T O N .
D flM fiC Of Counties, Cities, &c., o f high grade &
DUINU q specialty. S e n d f o r 'D e s c r i p t i v e I . l »I* .
C. W . Branch & C o.,
BANKERS AND BROKERS
S T R E E T ,
B A L T IM O R E ,
TRAN SACT A GEN ERAL DOMESTIC
FOREIGN BANKING BUSINESS.
CINCINNATI, OHIO
State Ba n k B uilding
R I C H M O N D ,
AND
V A .
Private wires connecting with W ashington, Balti
m ore Philadelphia and New York
¿UNE' 9, 1888.]
T H E C H ÎtO N iC LË.
J w s n t a n jc je *
__________ £ u & n x & u t& .__________
The United States Life
Insurance Co.
IN T H E ! C IT Y O F N E W
YORK.
(ORGANIZED IN 1850.)
261, 262‘ & 263 Broadway, New York.
GEO. H. BURFORD, President.
C. P. F r a l I
Mutual Insurance C o.,
NEW Y O R K , January 2 4 ,1 8 8 8
The Trustees, in conform ity to the Charter of
the Company, snbmlt the follow in g Statement
o f its affairs on the 31st o f December, 1 8 8 7 .
Premiums on Marine Risks from
1st January, 1887, to 31st
December, 1887.............. ; ........$3,642,969 09
Premiums on Policies not marked
off 1st January, 1887
^ > 1,417,600 13
Total Marine P rem iu m s...... $5,060,569 22
iq h , Sec.
Returns o f Prem ium s and E x
penses......... ................ ............ .
A .W h e e l w b i Ch t , Asst. Sec.
W m . T. St a n d e n , Actuary.
In c r e a se
I n c r e a se
I n c r e a se
OTEfi
. . .
$ 1 0 0 ,0 0 0
Ne w B u sin e ss , - - - 4 0 p er cent.
oe B u s in e s s in F o rce , - $ 2 , 4 0 0 , 0 0 0
in -A ssets
in
POLICIES INCONTESTABLE,
CLAIMS PAID PROMPTLY.
TEN DATS’ GRACE.
ABSOLUTE SECURITY.
T h e m ost lib e r a l and e q u ita b le contract
consistent w ith recognized b u sin ess p rin
cip le s.
GOOD AGENTS, desiring to represent the Com
pany, are invited to address J . 8 . G A F F N E Y ,
Superintendent o f Agencies, at Home Office.
Premiums m arked q£l from 1st
January, 1887, to“* 1st Decem
ber, 1887......................................$3,672,331 21
Losses paid during the same
p eriod................... ....................... $1,599,468 25
Brinckerhoff, Turner
& C o.,
Manufacturers and Dealers in
o f f i o e ; o f 8Th e
A t l a n t i c -
^ n ttx rn .
C O T T O N S A IL D U C K
And all kinds of
COTON CANVAS FELTING DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.”
Also, Agents
U N I T E D S T A T E S B U N T I N G GO.
A full supply, all Widths and Colors, always in stock
N o . 1 0 9 D u a n e S tree t.
Crenshaw & Wisner,
16 & 18 E x c h a n g e P la c e , N e w Y o r k ,
COM MISSION M E R C H A N TS,
Members o f the Cotton, Coffee and Produce Bxoh’i
agency o r
THE HAXALL CRENSHAW CO.,
R IC H M O N D , V A .
Standard Brands of Flour for Shipment to W ars
Climates always on hand.
ORIENT GUANO MANUFACT’G CO.,
TH E
O R IE N T , L . I .
Standard Superphosphates.
EQUITABLE LIFE
SULPHUR HINES COMPANY
ASSURANCE SOCIETY.
O F V IR G I N I A .
High Grade.Pyrites free from Arsenic.
$788,846 38
JA N . 1, 18 88.
The Company has the follow ing Assets» viz.:
United States and State o f New
A s s e ts ......................................... $84,378,904 85
New York, Boston, Philadelphia,
Y ork Stook, City, Bank and
Liabilities, 4 per cent...............
66,274,650 00
other S t o c k s ...... . . . . . . . . . . . . . . $8,622,565 00
SELLING AGENTS FOR LEADING BRANDS
Loans secured b y Stocks and
Surplus........................ * ............. $18,104,254 85 S H O W N Sc B L E A C H E D S H I B T I N « S
o t h e r w i s e . . . .................. 1,559,100
00
A N D S H E E T IN G S ,
Real Estate and Claims due the
New Assurance................................. $138,023,105 00
PRINTS, DENIMS, TICKS, DUCKS, Ac
Company, estimated at.............
474,439 88 Outstanding Assurance.............$483,029,562 0 0 T o w e l« ,Q u il t s , W h i t e G o o d s Sc H o s ie r y
Premium Notes and Bills Re
Paid Policy-H olders in 1 8 8 7 .. $10,062,509 81
Drills, Sheetings, 16c, fo r Export Trade.
ceivable............................. 1,362,986
07 Paid Policy-H olders since or
Jo h n l . B u l l a r d .
h e n r y h . w heeled.
Cash in B a n k . . . . . . . . . . . . . . . . . . . . .
218,192 40 ganization................................ $106,610,293 34
Total Incom e.................................... $23,240,849 29
35
A m ount.......................... $12,237,283
Premium I n c o m e ..................... $19,115,775 47
$8,868,432 09 COTTON COMMISSION MERCHANTS.
Increase in Assets....................
S IX P E R CENT INTEREST on the outstand
NEW YORK.
Assets to liabilities...................... 127 *2 per cent
ing certificates o f profits w ill be paid to the
ALSO ,
holders thereof, or their legal representatives,
B A G G IN G A N D IR O N T I E S ,
on and after Tuesday, the 7th o f February next.
fCFOR BALING COTTON).
THE OUTSTANDING CERTIFICATES of
Advances made on Cotton consignments and spe
cial
attention
given to purchase and sale of
the issue o f 1883 will be redeem ed and paid to
FUTURE CONTRACTS OF COTTON.
the holders thereof, or their legal representa
P O R T L A N D , M A I N E !.
tives, on and after Tuesday,the 7th o f February
JO H N H , C L IS B Y & CO.,
INCORPORATED 1848.
next, from w hich date all interest thereon w ill
JO H N E . D E W I T T , P re s id e n t.
COTTON BUYERS,
cease. The certificates to be produced at the
Its plans are varied and adapted to all circumstances.
M ONTGOM ERY, A LA .
There is nothing in Life Insurance which it does
time o f paym ent and canceled.
not furnish cheaply, profitably and intelligibly.
A D IV ID E N D OF F O R TY P E R CENT b
Send to the Company’s Home uffice, Portland, Me., PU RC H ASE O N L Y OCST O RD ERS FOR A COMM ISSION.
any o f its Agents for publications describing its
declared on the net earned premiums o f tht or
MAINE LAW CONVERTIBLE POLICY, CLASS
Company, fo r the year ending 31st December, “ A,” or its 7 PER CENT GUARANTEED BOND ¿ f g f c
6 M L Ï
POLICF, CLASS “ A ,” and other Forms of Bond
1887, fo r w hich certificates w ill be issued or Policies;
also for pamphlet explanatory of the
Maine Non-Forfeitwe Lem, and for list of claims
and after Tuesday, the 1st o f M ay next.
paid thereunder.
B y order o f the Board,
Bliss, F a b y a n & C o .,
Bullard & Wheeler,
U N IO N M U T U A L
Life Insurance Company,
Direct Line to France.
J . H . C H A P M A N , S e c re ta r y .
SECURE B A N K VAULTS.
T R U S T E E S :
J. D . Jones,
W. H . H . M oore,
A . A . Raven,
James L ow ,
Wm. Sturgis,
Benjamin H. Field,
Joslah O. L ow ,
Edmund W. Corlies,
R obert B. M intnra,
William D egroot,
Horace Gray,
William E. Dodge,
John E lliott,
C. ▲. Hand,
John D. Hewlett,
William H. W ebb,
Charles P . B ordett,
H enry E. H awley,
Obas. H. Marshall,
James G. D e F orest,
Charles D. Lev er ich ,
John L. Hiker,
George Bliss,
A nson W. Hard,
N. D enton Smith)
Isaac Bell,
Edward' Floyd-Jones,
Thomas Maitland,
Ira B u r s t y ,
James A. H ewlett,
George H. Maey,
Lawrence Tum ure.
JOHN D. JONES, President.
W. H . H. MOORE, Vice-President.
A. A, BAVEN, 2d Vice-President
WELDED CHROMESTEELAND IRON
in Round and Flat Bars, and 5-ply Plates and Angle
FOR SAFES, VAULTS, Ac.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.
CHROM E STEEL W O R K S ,
Circulars Free.
B R O O K L Y N , N. Y .
ESTABLISHED 1806.
E u g e n e R . Cole,
S T A T IO N E R A N D P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Corpo
rations with complete outfits of Aocount Books and
Stationery
New concerns organising will have their orders
promptly executed.
Mo. 1 W IL L IA M
STR EET,
(HANOVER SQUARE,)
GENERAL TRANSATLANTIC CO.
B e tw e e n N E W Y O R K a n d H A V R E
From Pier (new) 42, North River, foot of Morton St.
LA GASCOGNE, Santelii......... Sat.. June 9,5 A.M.
LA NORMANDXE.de Kersablec.... June 16.10 A.M.
LA BOURGOGNE, Frangeul.. .Sat., Jane 23, 5 A.M .
Travelers by this line avoid both transit by Engitah
railway and the discomforts o f crossing the Channe
In a small boat.
PRICE OF P ASSAGE (including wine):—To H avreFirst cabin, *100 and $80; second cabin, 960: steer
age, $22—including wine, bedding and utensils. Re
turn tickets at much reduced rates. Checks onBanqne
Transatlantique, Havre and Paris,in amount to suit.
S p ecia l T r a i n f r o m H a v r e t o P a r le
The Compagnie Generale Transatlantique delivers
at its office in New York spoetai train tickets from
Havre to Paris. Baggage cheeked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s dock in
New York, Pier 42 North River, foot of Morton St.
at least two hours before the departure of a steamer
L O U IS D E B E B I A N , A g e n t,
N o . 3 B o w lin g G reen.
JO S E P H C l L L O T T S
STEEL PENS
GOLD MEDALPARIS EXP081TÏ0N -187B.
1 TH E KOST PERFECT"OF PE^p.
|
PHE CHRONICLE.
Vili
j J un e 9, 1888.
Ctftixrw.
©JûttXriï.
I p is c £ lla tie 0 tts .
W oodward & Stillman,
Walter T. Hatch.
H enry P. Hatch.
A rthu r M. Hatch.
MERCHANTS,
W . T . Hatch & Sons,
IN M A N , S W A N N & Co
BANKERS,
14 NASSAU STREET, NEW YORK.
COTTON MERCHANTS,
COTTON. ALL GRADES, SUITABLE TO WANTS
Branch Offices { 1
f f i p e l hSSt ifN e w H a v e n
Personal attention given at the EXCHANGES to
thgpurehase and sale o f STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED—subject to check at sight
—with interest upon balances.
Special attention paid to INVESTMENTS and
accounts o f COUNTRY BANKERS.
OF SPINNERS,
' _______ Offered on T erms to su it .
The Safe Deposit* Co.
PostBuilding, 16 &18 Exchange Place,
NEW
YORE,
LOANS MADE ON ACCEPTABLE 8ECURITIB8.
Special A ttention to orders for Contracts
for Future d e l iv e r y of cotton .
Williams, Black & C o.,
BANKERS AND COMMISSION MERCHANTS,
1
W IL L IA M
NEW
COTTON,
N ew F o rk .
Henry Hentz Sc C o.,
COMMISSION MERCHANTS
8 S o u t h W i l l i a m S t ., N e w Y o r k .
STREET,
EXECUTE ORDERS FOR FUTUREiDELIVERY
YORK.
C O T T OM
G B A O i,
P R O V IS IO N S ,
at the NEW YORK, LIVERPOOL AND NEW OR.
LEANS COTTON EXCHANGES. Also orders for
COFFEE,
C O F F E E
STOCKS, P E T R O L E U M ,
ORDERS EXECU TED IN
Lehman , stern & Co.,
New Orleans, La.
Hubbard, Price & C o.,
C o t t o n
F a c t o r s
AND
C O M M IS S IO N
M ERCH ANTS,
No. 40 EXCHANGE PLACE,
MEMBERS OF THF COTTON, OOFFFF AN D
PRODUCE EXCHANGES.
U p -t o w n O f f i c e . N o . 351 B r o a d
w ay
.
N ew Y o rk ,
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corres
pondents in Liverpool: Messrs. L . Rosenheim A
Sons and A., Stem & Co.; in London, Messrs. B.
Newgass & Co.
G.
Schroeder &
Co.,
Successors to W ARE A SCHROEDER,
COMMISSI ON
ME R C H A N T S ,
Cotton Exchange Building,
NEW
YORK.
Orders for future delivery o f Cotton executed in
New York and Liverpool ; also for Grain and Pro
visions in New York and Chicago.
B. F. B A B C O C K & C O .
COMMISSION MERCHANTS,
17
W a te r
S tre e t,
COMMISSION MERQHANTS,
NORFOLK
VA.
Cotton Brokers & Commission Merchants
Cotton Commission Merchants,
SPECIAL ATTENTION GIVEN TO THE PUR
CHASE AND SALE OF COTTON FOR FUTURE
DELIVERY IN NEW YORK AND LIVERPOOL.
Mohr, Hanemann& C o.,
COTTON
EXCHANGE
B U IL D IN G ,
New Yofk.
Geo. Copeland & Co.,
COTTON BROKERS,
134
PEARL
STREET, NEW
YORK.
ST.
L O U IS , M o .
M an u factu rers of P u re J u te B a g g in g .
IR O tf
n
CO TTO N
T IP S .
THE
F ID E L IT Y & CASUALTY. CO.
OF NEW YORK,
Nos. 2 1 4 & 2 1 0 B roadw ay.
CAPITAL, $250,000.
ASSETS, about $650^)00
Issues SURETY BONDS, guaranteeing the fidelity
o f persons in positions o f trust, such as employes of
Railroads, Banks, etc.; also Administrators, GuarIssues ACCIDENT POLICIES,
Orders for FUTURE DELIVERY OF COTTON
executed in New York, New Orleans and Liverpool;
also for Coffee in New York.
Cotton Commission Merchants,
containing all
“ Also PLATEeGLASS and BOILER POLICIES of
approved forms.
Agents will appreciate the advantage o f dealing
with a company which does more than one line ox
business.
OFFICERS*
WM.M.RlCHARDSjPrest. GKO.F.SEWARD.V.-Prest.
John M. Crane , Sec.
R obtJ . H ti.t.ael A ss. See.
DIRECTORS:
Geo. S. Coe.
A. B. Hull,
A. S. Barnes,
J. S.T.Stranahan, H. A. Hurlbut, J.G.McCullough,
A. E. Orr,
J. D.Vermilye, T. S. Moore,
G. G. Williams, John L. Biker, J. Rogers Maxwell,
Wm. M. Richards,;
Geo. F. Seward.
NO. 116 CHESTNUT STREET,
Phénix Insurance Co.
NORFOLK, YA .
COTTON
visions la New York and Chicago.
BAGGING.
IMPORTERS OF
Geo. H . McFadden& Bro.
New York and Liverpool; also for Grai and r*ro.
COTTON BROKERS,
1 2 5 P e a r l S tr e e t, N e w . Y o r k .
Orders for Spot Cotton and Futures promptly
C o tto n E x c h a n g e B u ild in g , N e w Y o r k .
Gwathmey & Bloss,
Orders /or future delivery of Cotton execatt- in
Dennis Perkins & C o.,
W A R R E N , JONES 4s « R A T E
SPINNERS ORDERS SOLICITED.
NO 123 PEARL ST., NEW YORK.
N ew Y o rk .
Robert Tannahill & C o.,
NO. 42 M AIN STREET,
MEi CHANTS,
40 and 42 Wall Street,
executed.
r Special attention to orders for contracts for future
delivery o f cotton.
COMMISSION
Bethlehem Iron Com p’y
Liberal advances made on Cotton consignments.
Special attention given to the sale of cotton to ar
rive or In transit for both foreign and domestic mar
kets. Orders for Future Contracts executed In New
York and Liverpool.
P H IL A D E L P H IA .
N ew Y o rk .
FRANCIS M. JENCKS
President.
George H. V ose, Secretary.
Price, Reid & C o.,
Geo. W . Baily & C o., Edward H . Coates & C o .,
CO TTO N E X C H A N G E B U IL D IN G ,
140, 142 & 146 BROADWAY,
M a n h a tta n B n ild lB g ,
L IV E R P O O L ,
Receive consignments o f Cotton and oftier Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office o f
SAM’L D. BABCOCK
32 Nassau Street, New York.
S E C U R IT Y .
T O S U P P L Y IN C R E A S IN G D E M A N D ,
N E W S A F E S A R E B E IN G A D D E D .
117 P earl St., Mew Y o rk ,
AND
U N E Q .U A L E D
THE OFFICES HAVE BEEN NEWLY
FURNISHED WITH EVERY IMPROVEMENT.
G R A IN AMO PROVISIONS
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
L E H M A N BROS.,
OFFERS
at the, NEW YORK COFFEE EXCHANGE, and
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
Correspondents .
Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool.
Jas. Lea McLean, New Orleans.
^Lehman , Du r r A Co.,
,Montgomery, Ala.
OF N E W YORK
MERCHANTS,
OF B R O O K L Y N ,
Office, 195 Broadway, New York City.
CASH C A P IT A L ........ .................... . $1,000,000
G E O R G E P . S H E L D O N , P re sid e n t.
P H IL A D E L P H IA .
ARTHUR B. GRAVES, Vice-President.
GEORGE INGRAHAM, 2d Vice-President.
PHILANDER SHAW, Secretary.
CHARLES C. LITTLE Assist. Secretary
JOHN H. DOUGHERTY, Assist. Seo’y.
L iverpool Correspondents ,
F R E D E R IC
2K ER EG A
ft CO.
Rountree & C o.,
COMMISSION MERCHANTS,
C O T T O N E X C H A N G E R N E W Y O R K , and
NORFOLK, VA.
C otton, Coffee, G r a in . P ro v isio n s,
s to c k s and P etro leu m .;
Orders execute In New York, Chicago and Liv
erpool. All grades of cotton suitable to ■Dinners’
wants offered on favorable terms.1
C
o m m e r c ia l
A ssu ran ce
Co .,
U
n io n
l im it e d
,
OF LONDON i
O ^ O o r . Fine
Sts., ff, JT.
@FedFRASER