The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
W xmitk AND HUNT'S MERCHANTS' MAGAZINE, «KPRKSKNTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES (Entered acsordlog to Act of Corgres?, In tbe year 1891, by VOL. Wm. B. Dana iSe Co., In the office of the Librarian of SATURDAY, MARCH 62. Oongreu, Waahlngton, D. NO. 1,342 1891. 14. usual interebt payments at the opening ef the month, and active dealings on the New York Stock Exchange. %\xt (^hxonxcU, 0.] mors During the week of 1890 with which comparison is now instituted share speculation at New York was heavier than in of Subscription— Payable in Adrance consequently the exchanges for 1890 in the the present year $10 20 For One Year (Incladine postage) do. 6 10 For Six Months whole country exhibit a decrease of 7'5 per cent. A slight postage) 11 50 (Including Subscription European 6 75 decline outside of New York is also to be noted. Most promEuropean Subscription Six Months (including postage). £2 8s. Annual Subscription In London (Including irastage) inent in percentage of gain this week are: Galveston, 88'50 do. do. *1 98. do. Six Mos. These prices include the Investors' Sdppi-ement, of 150 pages, per cent; San Francisco, 34-3; Norfolk, 29^; Des Moines, a«-8, Usued once in two mouths, and furnished without extra charge to and Nashville, 26'3 per cent. There are a number of importDbscrlbers of the Ciiromile. A Hie cover Is furnished at 50 cents: postage on the same Is 18 ant losses. vents. Volumes bound for snl.scrihers at $1 00. Subscriptions will be coutinued until clctlnitely ordered stopped. The Wttk Ending March 7. Wuk Bnd'Q reb. Termg ; — pnblishers cannot be responsible for remittances unless or Post Office money orders. 88. made oy drafts 1801. Terms of Advertisinsr. New Tork Advertisements ordered for less than one month, in the Commercial SolM of— & Financial Chronicle, are published at 25 cents per line each inser- iStOtkt tOotton tion. When orders are definitely given for one month or longer, a lib(0ratn «ral discount is allowed, and the net priee» maybe obtained on applica(Pttroltum .Uon at the otllce. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each insertion, making $58 tor Uotton one Inch space one year, Space la measured in agate type— 14 lines to I'roTldenoe fkOTM.) balu.} btuhtlt.) ifcl*.'^ Hartford the Inch. New Uaven London Agents gprlugfleld Worcester Hemrs. Edwards & Smith, 1 Drapers' Gardens, E. C, will take sub- Portland 9oription8 and advertisements and supply single copies of the paper at Lowell Is. New Bedford Cc^FublUbers, Total New Bngland... each. wiTiT.M B niv. ( ifSv n i-rnvn JOHN O. FLOTD. i ^ B. DANA & 10* William Street, NKW p^jg.^, Oyp,cE ^qj 959 WlttlAIW YORK. Philadelphia PIttsbnrg Baltimore BnlTalo CLEARING HOUSE RETURNS. The following table, made up by Washington WilmlnKton, Del telegraph, etc., indicates Syrscase Rochester* that the total bank clearings of all the clearing houses of th^ Total Middle United States for the week ending to-day, March 14, have Chicago been $1,009,045,035 against $1,062,621,513, last week and Cincinnati Milwaukee $1,133,753,822 the corresponding week Detroit last year. CleTeland Columbo* CLEA RINGS. Rttwrnt by TeUgraplL Hew York Boston Ohlcago St. Lonls New Orleans Seven cities, S daya Other oltlee, S days Eniing March 14. 1890. «672,no,690 78,624,261 57,611,199 12,524,791 66,527.000 18,216,129 9,537,761 Per Cent. -16-2 -6-4 -17-4 -13-6 -(-16-5 -t-21 —12.4 $805,421,027 117.661,172 -fll-7 (886,010,124 172,104,911 $923,083,199 210,671,323 -9-3 -18-3 an cities tor week...l $1,009,046,035 $1,133,763,822 all cities, Iday 6 days.. The full details of clearings for the week covered by the above statement wiU be given next Saturday. We cannot, of course, furnish them to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week have to be in all cases estimated, as we go to press Friday night. Below are our usual detailed figures for the previous week, that is covering the returns for the period ending with Saturday noon March 7, with the comparative totals in 1890. The heavy gain over the week ending February 38, observable in the table below, results primarily from the fact that the current total embraces a full week, whereas the previous week's figures covered only five business days. Other influences tending to swell the volume of clearings have been the P.Oml. 6*0,593,338 706.108,861 -181 (980.340) (537,800) (86.184,125) (1,00^,000) (1339,631) (-36-6, (338,900) (55,399,113) (1.638.000) -Sl-6, 00.756.311 6,289,60(1 8.183,088 1,«SS,I8« 1,246,380 1.147,581 1,311.981 587.443 157.330 93,017.366 1,877,800 3.346,639 1.344.437 1.383,387 l,07(<,133 1,172.139 637.564 S.S5,d87 101,103,598 106.173,132 86,019,539 13,111,308 14,376,795 7,884,677 76,9C0,166 14 .930.460 15.896.776 7.»38.938 1.601,131 835.916 709,818 1,750,18S 987,851 8i4,eec 1,695,29* I-58-7) -78-4) -1-4 iseu -flri (620.016)1 (-68-4) (390.300)1 (-f«S-6) (36,833,360)1 (—SO-M (448,000)1 (-9(W{ -3ST8 -14-1 -13-S —30-8 -16-0 -17-6 -81-8 +14-9 -7-7 -7-9 H^8-7 72,335.712: 4.878,2001 1,733,838 l,005.817i 1.007,045 l,0i9,283 IM 1,393 604,518| 333,869! -0-7 83,667,343; -31'S -15-4 6«.961.888| 11,786,8671 11,70 7, VS86; 6,843,979 1.107,153 —8ft« -I-8-4 -f5-8 -90 —8-7 ^8 -12-2 -90 +80 4 9-3 +16-0 -Hl-t 706,739 782,819 1,080.661 118,490.677 -13-3 87,864,691 81,588,786 1S.718.95C 6.373,681 5,683.349 6,l41,8ie 8,364.70C 1,980,038 -I-11-6 66,352,3381 10,783,380 4,382.4391 4.498.829 4,404,374: 3,288.300 1.580.828 1.618,040 761,739 73,073,963 13,838,350 4,968,694 5,983,366 4,786,774 3,084,900 2,3<M.877 1,681.371 781.534 119,494,373 19,403.061 1,889.383 X,326,800 879.955 883,600 1,731.736 1,SI98.S7S P.OMW. 188,489.867 103.914,705 - 6-8 - 81 -3-S -7-4 --6B -16 3 4-33-5 -80-8 -in -in -96-8 -31 -13-1 -19-1 -lS-1 -37 —4-9 -81-3 J-S-8 -11-9 -I-4-2 574.774 100.033,188 +9-6 96,440,078 -6-8 14,443,743 1,769,835 1,802,378 -i-si-s 74»,386 736,833 -fl7-4 13.166,148 1,724.443 1.000,945 884,219 -lS-1 +»-9 +18-8 +89-7 +31 ^ 371,871, 1,818.103 84,380.708 18,891,678 -t-«8-5 17.116,1871 9,804,801 4,604,204 -107 Minneapolis St. Paol. Omaha 8,761,390 6,360,186 8,367.393 1,096,806 Denver 4,666,7811 '••SS^'K? 1,679,611 6,788.749 3,068,829 1,706,953 915,741 «t3,697 741,778 —18-4 -30-3 -37-7 7.789.083 4.818.463* 3,388.057 3.803.713 3.910.0i6 1,143,913 Grand Rapids Total Middle Western San Francisco Portland Sieattia Tacoma Los Angeles Salt Lake City* Total Paoiao -I-0-9 1706.520,308 131,119,816 Allolttee, Total 1891 $179,612,011 73,531,395 47,676,315 10,816,440 65,852,000 18,603,124 9,626,790 PtalUdelphla Baltlmor* Total treek Indlanapolli Peoria 1880. KansaaCity Dnlath at. JoMph SionxClty Dee Motnes Wichita Lincoln Topeka. Total other Western.. Lonls Orleans Lonls TlUe Memphis.... St. New Rtohmond aalveeton NashTllle Dallaa Fort Worth Norfolk Chattanoosa BIrmliwham 1.exlDston Houston* Waco* Total Southern Total aU Outside New Tork 1,388.600 1,870.827 9T3.010 86«,sao 606,686 566,736 181,183 561,^ 46!- +VV +18-4 -t-9-3 +97 46-8 +36-8 -81-4 -1-8 1,310.697' 835,5731 658,6791 613,32:1 443.779' 878,370 +1^6 473,481 88,363,964 35,531,718 -e-1 ~M.714,716 31.478.613 11,908.168 88,339,733 13,631,016 8,768,109 8.910,733 -3-4 +13T) 17.838.434 10.714.448 -se ^•VA-iM. +IS'S +886 +86-8 6,89;t.837 3.382,8 13 8,144,888! 8,6iai71 2.901.338 8,343,116 8^818.746 8^354.663 1^006^809 617,986 1,193,819 l,ges,333 1,666,118 1,094,917 l,016Ji8e eM,70(l 760.868 617,376 -1-3 890.440 &3938J +89-8 +8-4 939.787 611,718 -en 907.082 118.800 678,110 130.168 788,793 -18^ 18U.WU -17-0 +411 -19-6 —ro —15-6 —18-9 -31-0 -8-9 +88-7 -81-« -3-7 +1»7 -18-6 -18-8 -87-1 -Ul +181) +11-8 -8-1 +15-6 S2-7 — +3«-6 -18-6 -88« 1,198,001 578. 838 688,683 86,961.116 1,063,681,618 1,118,783,518 IIS.038.180 l,»a0.44'<' -396 -ir2 1.67»,66« 66,671363 8,601J8l| —11"S US^.«SIJ + 8-f ~ie,8»6.589 -15-B -7-6 81»,619J16 -»»-8 -U-1 360,156.918 THE 406 CHUOXVICLE. I Vol. LH. market its securities. It would seem as if even banks^ were in our day getting to be, in some degree at least,-] eleemosynary institutions. Notwithstanding these difficulties in Paris, the< to THE FINANCIAL SITUATION. The tinexpected of the difficulties of the announcement by cable serious financial | involvement in "Societe des Depots de Comptes Courants," by reason to depress of the Argentine troubles, served for a time Paris with relations Our this week. market stock the the are not so intimate as to be disturbed materially by the embarrassment of so modest a concern, having but 16 million dollars capital and only 25 per cent paid in. Hence it was not so much the direct influence of embarrassment that attracted attention as it was that the embarrassment came in the direct line of, and therefore magnified, the reports and rumors growing out of the same cause which have been so long current respecting prominent houses in London. To find the South American business showing its threads interwoven and tangled up in the afEairs of another European financial centre was, to^say the least, a very suggestive revelation. rumors from London and the peculiar and unintel-j Buenos Ayres, our money market has shown an easier tone this week, foreigaj bankers having been among the most liberal lenders of Perhaps the known fact that Governmenti money. was making payments in excess of its receipts has had> bu something to do with the change in tone it must not be forgotten that our banks have at th same time been discounting for and shipping fund* Last Saturday the" to the interior quite liberally. Clearing House institutions resumed the publication of their detailed statement, which publication has beeai suspended since November 14. The return shows that( five of the largest banks last week held $8,138,700 out! Call loans, so fan of the $10,880,975 surplus reported. balances, have been made at 4<j bankers' represented by as and 2 per cent, averaging about 2| per cent renewals have been at 3 per cent. Banks and trust companies quote 3 to 4 per cent on demand, according to the character of the collateral. In time contracts there is a fair inquiry for renewal of loans maturing and others which matured some little while ago and not then renewed the supjily of funds is increasing mainly from foreign bankers and also from domestic institutions other than banks; among the latter are mentioned Brooklyn trust comligible situation reported at ( | ; I news imparted was a which had its beginthe Bank of France on the occasion of the failure of the copper syndicate and the consequent critical situation of the Comptoir d'Escompte, and was tried on a larger scale and in a little different form by the Bank of England last November to arrest a disaster which the situation of the Baring Brothers then threatened, was again quickly put into shape by the^Bank of France. They have a panies. Bates are now ^^ per cent for sixty days on way in Paris of doing these things through the kind first-class mixed collateral and 5 per cent for three to It was so on the occa- six months. Commercial paper is in better demand offices of the Government. In the present instance the from city and country banks, and the supply is good, sion of the copper crisis. But the feeling of unrest the The modern short affair. 1889 with March in ning device, ; < ; cable says that after a long consultation between the Bates are 5@5^ per cent for sixty to ninety days en« Societe's Directors and its executive officials, it was dorsed bills receivable, 5j@6i for four months commie^ decided to ask the Government to come to the assist- sion-house names and 6@7 per cent for good singk ance of the imperiled institution. Consequently M. names having from four to six months to run. Donon, the Managing Director, called upon M. Eouvier, There appears to be no evidence of disturbance ir the Minister of Finance, and asked M. Eouvier to advance money at the European centres because of the occurM. Eouvier rences at Paris related above. The cable reportec the Societe the sum of 50,000,000f. placed himself in communication with the Bank of yesterday discounts of sixty to ninety day bank bills ii France, but the directors of that institution, after some London at 2| per cent, which is a fraction off from the deliberation, refused to grant the assistance asked for. previous week. At Paris the open market rate is 2J@i^ M. Eouvier then informed M. Donon of the failure of per cent, at Berlin it is 2 J per cen t and at Frankfort 2^ pe: his application, and, with the permission of the cent. The Bank of England gained £183,000 buUioi Soci6te's directors, the Minister of Finance convened a meeting of the directors of the leading financial houses of Paris. This convention of financiers resulted in the Bank of France agreeing to advance 60,000,000f. to the Soci6te under some kind of a joint guarantee by the financial houses the Societe is also to call for 375f. shareholders, and the assets^of the Soci6t<3 are to be assigned for the payment of the advances. per share from ; its By these means a calamity which might have had a very wide-spread and harmful influence is averted. Safety to the community is obtained by the use of the money in the Bank of France ; but underneath the advance by that institution stands the syndicate of bankers, during the week ; this, as we are informed by a special cable to us, was due to an import, principally "bought' and from Australia, of £255,000, to receipts from th interior of Great Britain of £82,000 and Portugal of £158,000. £37,000 gold, and the Bank Brazil lost last and to exports t The Bank of Franc of Germany since th report shows a gain of about £156,000 of thi metal. Our foreign exchange market has been dull and gee week, with unchanged nominal rates a 4 86 for long and 4 89 for short, and only fractions changes in the rates for actual business in sterling an erally firm this entirely unaltered figures for Continental exchangf and under- It is a fact worthy of remark that Brown Bra neath them is the call on the stockholders and the have maintained the same posted rates for ste: assets of the embarrassed institution. There is proba- ling since February 18. On the 25th Kidde: bly no risk run by any one in this chain of obligations, Peabody & Co. advanced to 4 86 for Ion as no loss can apparently fall upon any one concerned and 4 89 for short, and have made no chanj in it except such as falls upon the shareholders by pay- since. The two Canadian banks did not follow unt ing up another instalment of their subscribed capital. March 3. The demand this week has been for renii In other words, the loss, such as there may be, is con- tance in settlement of commerci bankers' and fined wholly to those who should bear it, while even credits, and the supply has been just about equal to tl their interests are conserved and the loss minimized by inquiry, although bills are reported scarce. The toi the time gained by the embarrassed company in which at the close was firm for short bills and cable trau j ! I \ j i | j March THE GHBONICLK 14, 1891.] and actual rates for sterling were 4 85i@4 86^ for long, 4 88@4 88^ for abort, 4 88i@4 88^ for cable transfers, 4 84i@4 84J for prime commercial, and 4 83J@4 84 for documentary drafts. Mr. Brock, of the fers, " " " " " " 407 boring States to confer with each other for the pur- which would relieve the situation of the present inequalities, which tend to dislocate business and compel its transfer, not on the ground of natural advantages, preliminary the Bureau of Statistics, issued yesterday legislative exactions." Much good avoid leading articles. but to of exports the statement for February of adoption this from the of suggestion, result might similar figures for with subjoined, The statement is any harm. not possibly do could while it comparison. for years previous ZPOBTS OF BKBADSTDKFS, PBOVI«ON8, OOTTOK AKD FBTROLBUM. The Missouri Pacific report, issued this week, has been awaited with more interest than the average 1888 80. 1890-91. BxvorU report, since that company, unlike most others, does from U. S. February. SMonUu. February. 8jrontk«. ftbruary, 8 Month*. not furnish information as to QuonKtiM.. WhraLbuah. S,S00,««9 noiir...bblS' 886,750 31.153.997 6. 4 800.470 87,071.465 l,007,«i7 7334.969 1.685,829 S8,70.'S,970 666.778 6.227.466 .bu. 7,801.074 72.328.781 4.686.130 61.729,567 1.41«,719 88.383,24« 20.936,717 •.SSOJSS Cora. ..bush. 13,423,811 55.444.778 7.670.884 38,708.983 Tot.basb.. 9,«15,793 83,319,903 22,780,043 127,773,659 WbMt. 67,632,421 4,736,708 « 60,974,087 932,382 11,823,558 203.411 5,627,SW 24,157,937 3,476,96« 19,917,003 19,484 437.138 60.034 1.911,201 24.887 619,331 248,«8< 8.!l48,g01 72.873,700 14.640.178 7.378.138 0*U t mul. Buler •- Cotton » 8,569,271 t Wh't&aour. Comft meal. Bye ProTlAlonA 12,156,514 100,436.650 t t 60.278,786 Yalutt. Br'dataRk.. pose of arranging a general scheme of taxation » 13,028,340 111,942.704 29,825,870 227,325,974 735 68,519 600.815 48,616 31,366 362,045 796,811 94,848.148 8.293.765 82,108.465 12,818.671 104.426,364 9.258.506 73,406,606 639.774 46.43' 21,438.937 209.524.447 3,139,448 35.485.411 ; 21.807,152 170.642,308 close of the year. The its business results are till after the about as expected, and. in harmony with what we know of the general Taking the whole t5,125 situation in the Southwest. miles of road operated, gross earnings have increased 11,876,877, or from a total of $23,493,467 in 1889 to a $25,370,344 in 1890. The net earnings on hand have diminished from $7,960,584 to There are two reasons $7,367,615, a loss of $592,969. for this falling off in net: (1) the further decline in total of the other average per ton of freight per mile having 1-024 cents in 1890 against 1-132 cents in only been Tot. T»Iue. 54,902,136 448.625.894 * Includlnx CAttle and boss In all months and years. 1889, and the average per passenger per mile 2-16 cents It will be noticed that the total \alue is nearly 3 mil- against 2-45 cents, and (2) the large outlays made for lion dollars greater than the large lotilof last year. betterments and extraordinary expenses during the It is too much to expect a sestioa of the New York year, these having reached a total of $857,070. It is Legislature to pass without the introduction and advo- stated that on the basis of the average rate per ton per Fetrol'iii.&e. 3,159,025 36,483.516 8,509,479 33,441.079 rates, the 52.037.234 444.233.1701 42,868.962 3«S.n(>041R cacy of some crude measures for altering our tax laws. mile received in 1889, the 1890 tonnage would have Just now there appear to be quite a number of these prop- yielded $1,842,816 additional gross earnings, and on ositions before the legislative body, some of which have the basis of the average for 1888 the additional already been considerably advanced. Senate bill No. 107 revenue been Vicehave $2,191,242. would It proposes to President is a peculiarly objectionable measure. with reference justly observes Clark amend the present law with regard to the taxation of to checking the decline in rates, that the remedies personal property by striking out the words "after de- are in the hands of no one carrier, however conservative "ducting the just debts owing by him" (the owner of the the policy it may adopt, " but lie in the concurrent property). In other words, it is the old attempt to tax " and united action of all companies, whose operations, personal property at its full value without deduction for " directly or indirectly, affect each other, whether debts. That there are defects in the present tax laws no " occupying or common, contiguous, territory one will deny, but under the proposed enactment the situation of our merchants would become intolerable. The New York Board of Trade and Transportation is vigorously opposing the bill, and they point out that the operation of the law would be to impose a tax upon all "personal property, goods, wares and merchandise, ** manufactured and unmanufactured, found in stock "in possession of any business man in the State," irrespective of what may be owing thereon. It does not require any great amount of foresight to see that the effect of such an enactment at any time and especially in the present era of low profits and small returns on all business operations, would be exceedingly harmful to the trade and commerce of New The Board of Trade circular many classes of goods handled in York. states that there are " remote." The Missouri Pacific balance sheet shows $932,939 of interest due and accrued, $2,510,881 of December vouchers payable in January, and $2,431,466 of advances for new- construction and equipment. But on the other side of the account we find that the company held $676,389 of cash and $4,639,376 of balances, uncollected earnings, &c. Our stock market lar, this week has been dull and irregu- and with the feeling rather depressed most of the time, though a few of the specialties have shown Yesterday there was a spurt of activity, between twelve and two o'clock, but in the afternoon a fall in the coal shares again unsettled the. market. Europe has done little either way, and the, strength. financial disturbances in Paris on Thursday exerted Mr. Milton only a temporary influence on prices. profit of only a fraction of one per cent to the mer- H. Smith, formerly Vice-President, has been made chant. If then these goods were taxed 2 per cent or President of the Louisville & Nashville ; at the same thereabouts the business would be destroyed, or else the time the office of Chairman of the Board was created, this city that yield a attempt would be made to carry it on in neighboring States, where no such exactions are imposed. At the monthly meeting of the Board this week, a set of resolutions, presented by Mr. Simon Sterne from the Committee on Legislation, was adopted, declaring opposition to Senate bill No. 107 and likewise Senate bill No. 301, both being declared unwise and dangerous measures. The Board also expressed its approval of the suggestion of Mr. Abram S. Hewitt, to the effect that it " would be very desirable if a commission could " be appointed in New York and in each of tbe neigh- and Mr. August Belmont elected The following statement, to fill it. made up from returns lected by us, shows the week's receipts of currency 1l«ek Bndint and gold by the March 13. 1891. Oumncy. New York nfcrtvtdbt With follows. banks. Skipped 6|f S.r. Banka. H. T. Ban'". lfetl»t-itr Movtmmt. "tiiM 1,000 f2,8.^6.UOO I.ess.$: ,364,000 $1,491,000 »S.86».0O0Ilo«".»1,(I««.00O 30t>,0l'0|lx>8«. Sold Total gold and legal tenders.. col- and shipments SOO.OOO the Sub-Treasury operations the result is as THE CHRONICLE. 408 Week Enaino March 13, 1891. Banks' Interior movement, as above Bnb-Treasnry operations Total gold ana legal tenders Into Out of Banlt$. Banks. Net Change $3,356,000 I,o88.$l,864,000 14,800,000 Gain. 1,300,000 $1,191,000 16,100,000 $564,000 $17,591,000 $18,165,000 Loss. - In Bank Ho!dtno». The following table indicates the amount of bullion the in the principal European banks this week, and at corresponding date last year, March March 12, 1891. 18, 1890. ngland. Gold. SUver. Tolor. OlM. Siiuer. £ £ £ £ £ 23,316,644 28.756,122 23,316,644 48,523,000 49,697,000 98.120.000 29,264,667 14,632,3331 43,897,000 6.427,000 16.618,000 21,046,000 France Oennany Aust.-Hun'y. Total. £ 23,756,122 60.013,000 50,009,000 100,022.000 27,641,333 13,770,667] 41,312,000 6,440,000 16,281,000 21,671.000 Netherlands.. 4,207,000 5,684,000 9,791.000 4,766,000 6,700,000 10,458,000 Mat.B'lKtum. 2,988,667 1,494,383 4,483,000 2,883,000 1,426.000 4,279,000 Tot.thi8week 113.726.878 87.826,666'201,562,544 114.369,455 87.136,667 201,496.122 Tot. prev. w'k 113,266,813 87,667,999 200.924,312 1U,077,465 87,089,667 201.167,132 THE KIND OF CURRENCY THE WEST NEEDS. Mr. Jeremiah Simpson, member of commerce in greater volume must not the surplus flow towards the sections where there is a lack. That, we say,, appears on its face to be a reasonable expectation. And yet does not Mr. Simpson himself give us good evidence for assuming that this expectation will not be realized if his proposal is put into practice. We are issuing Congress-elect from the Seventh District of Kansas, appears to be a man of much more intelligence than has been represented. He has, for instance, been reported to have said, and the report was quite widely circulated, that no interest should be charged on loans. That is a now 44 millions of dollars of additional silver month. Speaking of these issues, he enough of it ever gets out in petty sums for " circulation among the masses of the people. Out our certificates every says Banktot [Vol. LII, " little " way, for instance, I don't believe one of those silver "notes of a small denomination was ever seen, although "the present silver law has been in operation about seven, "months. I know I never saw one there." Mr. Simpson also explains where, in his opinion, the notes go under the existing system, by stating that "the rich specu" lators, who now do most of the handling of the metal, " take their big sums that they receive from the Govern- " ment and use expects that it them in further speculations." But he under free coinage, for will be different then " the people who have small quantities of silver " would be more apt to deal directly with the Govern"ment, and the coin flowing out of the mints to them " in smaller individual amounts would quickly find its "way into the channels of ordinary trade." It is interestlog to note that Mr. Simpson is so close statement so lacking in sense, covering such an empty, an observer. He finds, he says, that the existing sysinane belief, no one would think it worth while to been of no service to his section whatever. tem has could utter spend time contending with a person who a-half million dollars going out every month Four and Post in the Evening published But a long interview it. large addition (quite a according to all former estinot only Simpson does Mr. shows that March 10th of not entertain that view, but that he is really a man of mates) and yet not a dollar of the smaller issues finds Of course his its way into Kansas. There are some other strange facta thought, of observation and of ideas. opinions on financial subjects are not of Eastern growth, of a like nature which we have spread before our readand in good part would not be acceptable to people in ers in detail on previous occasions, and which we com- mend Mr. Simpson as a part of the problem to be though we can only give them here in a genwhich is based upon an actual want existing in his own eral way. For instance, during September and OctoState, and which want suggests the remedy he advo- ber last the Government increased the actual circulathis neighborhood; but we notice that he always has reason for the remedial legislation he proposes a —a reason tion cates. But we certain refer to statements the it to studied, 63 million dollars —that is, a dollar apiece interview to-day because of to every inhabitant of the United States, man, woman contains with respect to the and child ^and yet during all that period we venture — condition of circulation in the Western States. In to say that in Kansas money was becoming dearer and this regard the most important assertion he makes is scarcer daily. Or if we include the whole of 1890 in our calculation it will be found that during that year and the condition the Government added to the outstanding circulation it indicates is the cause which induces Mr. Simpson to 98 million dollars. Measured by the per capita method favor either more legal tender issues or free silver coin- which Mr, Simpson and those who think like him age. He says: "I am a believer in the Government's adopt, here we have over a dollar and a-half added for *' right to issue legal tender paper." * * * "I don't every individual in the United States during the " see why it should not float at par. But a great twelve months, and yet at the end of the year each " many' of our fellow citizens think otherwise and man, woman and child in the West, according to all " hence as we seem bound to have a metallic currency, current testimony, had less on the average than he had " I am in favor of the free coinage of both gold and at the beginning. " silver, in the hope that it will put more money into We might go on recalling still other facts, embracing " circulation than we have now." Again he says the history of the last two decades and cited in our " You of the East, where most commercial transactions columns on previous occasions, all of which have a like " are conducted with checks and drafts and bills of import. If Mr. Simpson will only look them up he '* exchange, do not understand what it means to us of will see that they are but cumulative evidence tending, " the West to have money so scarce. We do the bulk like all that have been referred to before, to show that " of our trade on an actual cash basis, and the existing past periods of special prosperity have not been pro" state of things cripples us." duced by, and have not even been concurrent with, the As we have said above, we have no doubt Mr. Simp- largest amount of what is called money in circulation. son is correct In stating, as these extracts do, that more Volume is one condition but not the first, and it is so far currency is wanted in the West. The mistake he from being the first that in every system the currency makes is in claiming that if more of the kind we now will be disturbing unless the quantity is adjustable to have were issued the West would secure more. That the work it has to do. The characteristic which is claim no' doubt looks correct. The higher the water above all others essential for business prosperity, and rises the more of the valley the flood fills and why in which any circulating medium before it can be efiBcient like manner, if currency i» poured Info'lKe cTianiifelte'of must have, is the full confidence of the community that there We know is great lack of currency in that section. this statement to be true, ; ; • • Mabcu THE CHRONICLE. 14, 1891.] Thia which it is to circulate in ita stability. requirement rules out silver, whioh is soiling in tho markets of the world below its coined value and which has so long been in discredit that no edict or act of any single government can restore to it the old value or Without inspire the public with the needed faith. these conditions business must be depressed or fitful. in — For as we said on a former occasion it build a secure superstructure of credit is impossible to upon an 409 tion in its effect on New York trade interests alone, what could be more plainly detrimental than to leave the entire business of the country dependent upon the New York bank reserves ? They are burdened now with such vastly-increased local and international demands that they have become a very poor resource as the sole reliance for our expanded and expanding domestic commerce. obvi- ously insecure system of currency. GE0S8 EARNINGS FOR FEBRUARY. But perhaps Mr. Simpson may ask, what currency In the face of quite a number of drawbacks to large system shall we adopt then, for we have admitted that our statement for the month of February earnings, there is an insufficient supply in the West to-day ? It pretty satisfactory showing. makes a The results are should be noticed, however, that we have not admitted — an insufficient supply in the whole of the United decidedly irregular as between different roads there What we have said proves, we think, that the being some very heavy gains and likewise some very quantity required for the business activities of the heavy losses, the losses also being more numerous than country cannot be determined until a proper system is in most of the previous months; but the returns which adopted one in which the quantity is regulated by the show improved results outnumber those which fall need. And this brings us to the general principle that behind nearly two to one, and besides this the aggregate there is States. — should control Congress in organizing any new device —that is, as far as possible to give to commerce the liberty to shape its own currency. It is a qusstion with us whether the most suitable legislative act that could be taken to-day is not the simple repeal of the Of course that proposal suggests tax on circulation. visions of the diversified mixture of worthless stuff which obtained before the day of national bank-note currency. We however have no fear of the revival of any such of the gains largely exceeds the aggregate of the losses. In a word, our compilations cover 145 roads, of which 93 record increases in earnings and 52 decreases, and the total for all the roads indicates $1,329,374, or 4-13 per cent, gain over the corresponding month in 1890, It is hardly necessary to say that the comparison is with very heavy earnings last year, and that the result is the more encouraging on that account. In February, 1890, our compilation comprised 151 roads, with an aggregate gain of no less than $3,071,327, or 11*35 cent. That with the adverse circumstances and per not tolerate, but would detect and reject, any insecure conditions prevailing the present year as unfavorable circulating medium. Besides, did not commerce make below, enumerated there should have been in 1891 a the check, with the clearing-house to situation. The commerce of to-day if free to act would facilitate movement, the most perfect instrument which its exists ? further increase of $1,329,374 Not only therefore quite note- is but in the years preceding of exchange, too, for international trade is last, February had also been pretty generally »-" the also the creature of commerce. No doubt the requirements of the note for use in the retail trade and the good month. Here is a comparison, going back to process of perfecting such an instrument are quite 1880. another matter. But as the commerce of those earlier Zmeagf. Eamingt. The worthy. bill InertOMvr years produced the Suffolk bank system and other arrangements equally flexible and safe, it is quite a question, when the alternative is between Congressional and State authorization, whether the safer refuge not in the State. Moreover, the more important problem is can the interior and extreme sections of this vast country ever have a satisfactory currency so long as Washington dominates it ? Indeed, it seems evident to us, even were there no other defect growing out of that plan, that a note system, however safe, which provides the is, that, Feb.. 1880 (44 roads) Feb., 1881 (39 roads) Feb., 1882 (18 roads) Feb., 1883 (00 roads) Feb.. 188i (60 roads) Feb., 1885 (88 roads) Feb., 188« (86 roads) Feb., 1887 (101 roads) Feb., 1888(109 roads) Feb., 1889 (122 roads) Feb.. 1890(161 roads' Feb., 1891(148 roads) rear rear Ttar Given. PreceAinQ. Oimn. MOa. mut.- 13,723,573 11.069,485 Inc. 2,664.088 28,339 40,393 47,212 42,330 60,848 24,212 10.646,569 10,182,861 Inc. 35,318 43,045 16,530,371 12,611.817 Inc. 3,Q18,5M 17,151,602 10,638,761 rnc. 39,174 49.154 14,818,999 13,878,239 18,016,193 16,268.087 Utc. 49,.389 18,082,394 14,852.151 Ine. 1,230.»« 19,026,870 Inc. 1,780,786 61,769 48.299 52,980 58.840 22,118,090 71,.577 08,744 25.434.878 81,108 79,169 88,589 30.U4,85« 65,980 89,374 t 20,762,298 33,484,368 Ttar PreceMnQ Dtcrtait. % % IM . . 463,718 614,8U 740.760 851,87* 20,210,253 Inc. 1,907,837 24,178,042 Inc. 1,881.888 27,043.329 Inc. z.muvft 32,154.992 Inc. 1.829,374 General business the present year was rather quiet same in quantity, or even a steadily-increasing amount, on the whole, a fact which should not be ignored, since all the year through, must prove a very, inadequate it has a bearing upon the distribution and shipments device, in that it has no adaptability to the fluctuations of goods and consequently upon the course of earnin the country's trade it cannot furnish the West and ings. This quiet condition of trade, however, was South with the proper tools at the time needed to mar- observable chiefly in the Eastern and Middle sections; ket their crops and do their local work. With the in districts further removed from the Atlantic coast ; quantity inelastic, all the surplus which goes temporarily out of work in the spring and summer comes East for employment, and here that only flourish it gets tied up in enterprises there were instances where enterprise was very active. More important than the quietness of trade was the great falling off in the grain movement as the result of in times of redundancy; and being last season's short crops. This falling off reached very once invested cannot be dislodged without friction, large proportions, and extended to many different sec causing delay and harm when with the fall the tions of the country, as we shall presently show. In requirement for crop purposes arises. Hence, we see part it was offset by the better rates so generally that the country's want for the purpose of meeting the received the present year, the comparison being with demand of the West and South is not so much for a a month last year when not only important reductions larger aggregate quantity as it is for local sources and in freight rates were made (between Chicago and St. stores of currency, which shall be at once responsive to Paul, between Chicago and Omaha, between Chicago local iieeds and capable of great expansion and corre- and Kansas City), but when also a passenger rate war sponding contraction. Finally, looking at this situa- prevailed which affected a large amount of passenger ] THE CHRONICLE. 410 In the South the present year there was a movement than last year, with, however, business. that earnings [Vol. from other traffic LH. must have increased larger cotton 16,000. some exceptions Aside from the effects of these special agencies, it is evident from an examination of the results on the individual roads in our table that there has been a change to the rule. Before citing the statistics in support of these statements, it seems desirable to refer to one or two temporary and special influences which this year have exercised in One some of these cases very important effects is the rains and floods. on the We results. naturally expect more or less bad weather in February anyhow, and we had some last year, but the conditions in that respect the present year were really exceptional, affect- ing many roads in widely different sections of the some in of the ordinary conditions affecting railroad earnings. The Atchison, which for so many months year had such exceptionally good returns, leading others in the phenomenally large amounts of its last all time has a loss of $43,903. The exhibit, however, is really a good one considering the short com crop in Kansas and the rains and floods on the Pacific Coast. It will be observed, too, that the loss comes entirely from the St. Louis & San Francisco and the lines gains, this There were rains and floods nearly everywhere. Doubtless the Southern Pacific on its lines in California and Arizona suffered more severely than any jointly owned (Atlantic & Pacific), the Atchison proper If one wants to see the effect of the other company, since through traffic was entirely sus- showing a gain. pended for a time. But that road is not in our table, short crop on a road almost exclusively dependent on never making preliminary statements of its gross corn, the St. Joseph & Grand Island will furnish an The New York Central, however, is in the excellent illustration. That road earned $105,186 gross receipts. this year only $54,720. table, and it had to contend with ice gorges on its in February, 1890; The Eock Island has a larger loss than any other road in tracks in places. The Ohio Eiver Eoad is in an entirely different part of our table, namely $132,045, and that presumably has the country, and in the third week of the month had resulted in much the same way. Some other losses no earnings at all, floods having made it impossible to that of $42,209 on the Wabash for instance are likeoperate the road. The Kanawha & Michigan also re- wise to be traced to this circumstance. With all this, ports having been affected by floods, and the West- however, there are altogether only seven systems or ern New York & Pennsylvania had its coal traffic companies having in excess of $40,000 decrease among diminished by the suspension of coal mining from the all the roads in our table, as follows. same cause. The Wheeling & Lake Erie suffered from LARGE LOSSES IN GB08S EARNISGS IN FEBBUAKT. floods for three days. From Michigan the Toledo Ann Chic. Eock Island & Pac. $132,045 Atchison and San Fran. ...$43,902 country. — Grand Trunk of Canada St. Joseph & G'd Island.. Mexican Central . Arbor & North Michigan reports traffic interrupted five days on account of high water. Pown in the South there was likewise much rain and wet weather, and the Chattanooga Union and other roads report trafiac interfered with in that way. In some cases the lains and floods were continued into March, and made conditions still more unfavorable in this latter month, as will have been noticed by the reports in the daily papers. In the Eocky Mountain regions there was more or less snow during February, and there were some interruptions on that account on the roads in Colorado. A press dispatch from Denver, dated March 4th, stated that no mail had been received from Durango, Col., for 17 days, and that the wires to Silverton were down and under snow in many On . 62,53 43,313 42,209 Texa.Sife Pacific 50,466 Wabasli 47,344 the other hand, large gains are not this time numerous either. The Canadian Pacific stands foremost with $391,743 increase, the Northern specially Pacific second with $218,121 and the three roads in the Great Northern system third with $129,358 inNo other system has as much as $100,000 increase. crease ; the St. Paul — comes nearest to it, having gained $85,845 and this after fair gains in previous All these roads must be supposed to have years, too. derived important advantages from the larger spring- wheat crop in the Northwest, since this has not been attended in their case by much loss in corn, their lines being mostly situated too far north for that. The Eio Grande Western comes next in amount of inplaces. Another circumstance responsible for some very crease after the St. Paul, but that road is in another section of country, and its improvement follows from a decided changes in earnings is the traffic in ice. Last different cause, often mentioned in these columns. year, with the failure of the ice harvest and at other points where ice on the Hudson usually gathered in large quantities, efforts were made to overcome the deficiency by getting supplies from new sources. The is consequence was that ice was shipped from most unexpected quarters, coming in some instances long distances by rail from extreme northern latitudes, where alone it was found possible to obtain it. The present year the weather conditions have again favored the gathering of ice in the old way and in the old places and thus the difference between the two years is marked' Eoads which last year lost in traffic and earnings are this year recovering their loss, and vice versa. It mav be supposed that this is a circumstance which has affected only the roads in the East. Not so, however Western roads have also been affected. Thus the J'lmt & Pere Marquette in February, 1890, had $33,000 gross earnings from the transportation of ice. This year it had no earnings whatever from that source. '^'' ;9fi''ona''r'^'"^ •26,909 decr«.8e m The though only $57,075, is 62 per cent on Below we furnish a list of all systems having as much as $40,000 gain each. increase, the earnings of last year. LAEGE GAINS IN GROSS EARNINGS IN FEBRDART. Canadian Pacific $391,743 N. Y. Ontario & Western. .$51,242 Northern Paeiflc 218,121 Rich. * Danville (S roads). 47.925 Great Northern (3 roads). 129,358 Clev. C. C. & St. Louis 47,012 St. Paul 85,845 Norfolk & Western 45,637 Rio Grande Western 57,075 Chesapeake & Ohio 45,504 Mexican Rail way 54,278 Monterey & Mexican Gulf. 44,998 Chicago & East Illinois. 52,794 . . . As showing how much larger the spring wheat movement in the Northwest was the present year, we may note that at Minneapolis the receipts were 3,001,535 bushels against only 2,143,728 bushels, and at Duluth 539,780 bushels against 337,783 bushels. At Chicago there was a small gain in the arrivals of both spring and winter wheat, but as against this thore was a heavy loss. in corn, oats and barley. On the whole, however, Chicago fared better in this latter particular than many The Chicago grain movement other Western points. As for a series of years is indicated in the following. We road reports only also incorporate in the same table the statistics as total gross earnings, it is evident regards provisions and live stock. loss in ice the Mabch THE CHRONICLE. 14, 1891.] BECEUTS AT CUICAOO OUBIKO FEBBUAJtr AND SINCE JANOABT atnet JantMry Atruorv. Whmt.biMh. S97.S77 Corn...biuih. 3.M1,717 3,tM.802 0*tji..baih. Rje.. .btuh. t.ooe.TM Total fmUn s.noi.sM 1891. 1890. 1, 1889. S93,«80 i,430.007 3.827.488 166,888 609.108 1,840.(»0 1.067,866 1,066,119 4.S67,«0» 8,877.893 116.646 6,434,883 U,e09,877 8,0«8,60« 7,041,886 7,688,740 1,187,600 i37.0«« 8.636.840 6,603,661 240,461 i.we,8u 404,689 8.307,683 2.636.808 10,118,816 ~0,O47,6<5 17,537,600 23.883,877 17,418,949 190.4 7« BvlCT.biuh. 1889. 1890. ie»i. 1. 411 The falling oil at Toledo, St. Louis and Peoria must have affected adversely the earnings of the Middle Western roads and some of the trunk lines. And yet' these roads have on the whole done quite well. Out of 48 lines altogether from that section, only 16 fall behind, these latter including a few prominent compa- Wabash, the Grand Trunk of Canada, the Southwestern, the Grand Rapids & Pork. ...bbla. 711 8.838 4,887 Indiana, the Flint & Pero Marquette, the Toledo Cutm*t3.1bs. 88,797,308 83,()«9.3T8 16,009,861 Lard Iba. 7,076,686 «,9«0.077 10,877.048 Among those showing gains, Peoria & Western, &c. 669,(89 UrehOKsNo 033.873 663,830 the Chicago & Eastern Illinois and the Jacksonville The aggregate of all kinds of grain is only about Southeastern deserve special mention for the extent of 1,300,000 bushels less than last year, but as against this, their improvement. The New York Central has a 83 already said, the average of passenger and freight small increase, notwithstanding the interruptions from rates on the roads to Chicago was much better in 1891 ice gorges the mileage, however, is slightly larger Flour., bblfl. sta.ua 828.668 146,701 nies like the 770,747 427306 691,487 9,139 8,686 4,458 84^84,413 66,013.873 62,818,437 18,339,681 83,183,478 13,838,897 1,043,178 8,008,1331 1,371,634 & Ohio Baltimore ; than in 1890. It will likewise be observed that there now, the earnings of the Syracuse Ontario & New York was another noteworthy increase in the deliveries of being included the present year. live hogs, no less than 933,873 head having been delivTRUNK LINES, AND MIDDLE A.ID MIDDLE WISTEBN ROADS. ered in February, 1891, against only 563,836 head in 1891. Februaru. 1890. 1889. 1888. 1887. 1886. February, 1890. On the other hand, the provisions » t t t t $ movement quite generally shows smaller receipts. Of BaJt.40. Sonthw. 170,120 180,539 161,145 170.808 172.487 144.68S Buff. Booh. 4 Pitt. 174.191 144,5U 147,488 163,887 131.727 113.19X cut-meats, indeed, 25,797,208 lbs. were brought in, as Cbica«o 4 East. III. 272,808 219,814 214,310 808.315 171.887 tl29.148 against only 23,969,378 lbs.; but the receipts of lard Chic.& West.Mlcb. a.Cln.ChlctSt.L 115,806 088,217 were only 6,960,077 lbs., against 10,277,648 lbs., and the receipts of pork but 711 bbls., against 4,827 bbls. It is not till we pass from the receipts at Chicago to the receipts at other Western primary markets that we see what a great contraction in the grain movement Col.Hock.V.*Tol. Det. Lansing & No. EransT.A Terre H. FlintiP. Marq.... Grand Rap. & Ind.* 180,574 78,059 81,007 224,686 210,908 Trunk of Can.t 1.304,071 Taking the nine leading lake and the West together we find that they re- there really was. river ports of ceived less than 6| million bushels of corn the present year, against over 16J million bushels last year, while on oats and barley they lost over 1^ million bushels Gr. Lou.ETans.& St.L. 118,639 N.A.* Chic. N.Y.Cent.4H.R.. 189,331 2,732,806 4 Mississippi. 308,883 147,07- Louis. Ohio Pittsburg 4 West. 3t.L.A.4T.H.br'8.. Tol. 4 Ohio Cent. West. N.Y. 4Pa.. Total more. Louis alone lost over 6 million bushels in corn, Toledo 1,816,000 bushels, and Peoria 551,000 bushels with 343,000 bushels additional in oats. The St. following table gives the movement in detail. In the 02,799 944,831 244,100 8.683,894 * All lines. The 107,221 t 100,137 95,601 95,293 98,585 96,767 838,205 841,431 779.708 770.624 742,748 164,143 174,112 189,370 199,941 161,06» 78,727 69.814 70,882 71,380 82,400 74,494 67,838 65,117 60,888 64,634 261,485 171,607 190,585 173,500 167,841* 239,834 217,633 217,608 187,111 187.808 1,386,802 1,302.158 1,169,813 1,262,706 1,142,83* 82,926 85,324 67,818 78,690 61,739 185,020 170,427 118,410 162,887 149,199 2,703,833 8,461,730 8,586,483 2,464,831 2,287,838 303,389 289.265 274.428 290,678 311.028 153,860 137,015 88.680 133,405 185,101 89,005 80.263 61.187 77,863 68,816 88.903 77,173 61,634 103.257 77,734 9W,982 983,810 778.091 831,639 251,872 222,847 216,564 184,148 171,58!! 8,582,848 Four weeks. t 7,908,188 Chicaso 4 7,730,156 7,583,134 Indiana Coal not included here. record of earnings for the Northwestern roada — mixed character the Burlington Cedar Northern, the Rock Island, the St. Paul Kansas City, the Des .Moines & Northwestern, of is Rapids a & Chicago table above the figures covered the even month & all the years. In this table the four weeks ending the Duluth South Shore & Atlantic, the Milwaukee Saturday, Feb. 38, 1891, are compared with the four Lake Shore & Western, the " Soo" Road and the Wisweeks ending Saturday, March 1, 1890. consin Central showing losses, while the Milwaukee & BBCEIPT8 OP FLOUB AND OBAIN FOB FOUR WEEKS BNDED FEB. -.28, St. Paul, the Great Northern, the Iowa Central, the 1891, COMPARED WITH THE FOUR WBKK:3 ENDING MARCH 1 1890. Minneapolis & St. Louis the St. Paul & Duluth, the for , ru/ur. WJuat, Cbm, OaU, Barlty, Ry4, (W>U.) (biuh.) (tnuH.) (imrt.) CbwHH) fttuW 3.488.802 3,810,00f 7.692,685 7,833,974 1,008,726 1.311,898 2.189,022 2,775,594 iiis.aoo 4.39,004 24e,00C 201,0(X 683.00C 395,410 118..'iS2 674,2.W: 77,040 228.788 181,270 Milwaukee & Northern and the other roads show gains. EARNIN08 or NOBTHWE8TEBN LINES. OWeow* wk*. Feb.. 1881 4 wk». Feb.. 189<) Since Jan. 1. isni SUice Jan. 1. U90 322.148 319.44fl 687.277 378.835 756.633 836.404 1.497.43( 260,200 221,222 594.376 557,745 342,50C 1,157,101 3.541,6i: 4,508.052 8,880.14( 12,710,604 190.472 MOwaukte4 wks. Feb., 1831 4 wks. Feb.. 181KI Since Jan. 1, 1H91 Since Jan. 1, Ituiu 317,985 871.967 818,52£ 77,58( 88.27( 153,82( 159,50( 622,5fl« 1,512.095 400,000 1,180,330 1,118,380 95.047 118.786 185,995 235,026 730,335 735,800 1.455,125 1.788.680 198,450 202,050 480,850 387,150 488,642 7..581.8o« 1.015.960 1.222,892 11,480.391 1891 1800 1.828 8,443 7.52n 19.987 70.637 140,598 150.287 817,714 4 wks. Feb., 1891 4 wks. Feb., 189(1 Since Jan. 1, 1891 Since J an. 1.1890 13.303 12.251 21.008 29,082 222.175 171.609 882.400 492.063 Since Jan. Since Jan. 1, 1. 1891 1800 2.8«.2S5 7.150 83.800 27,.'>00 185,053 nudo4 wk«. Feb., 1891 4 wks. Feb., 181)1) Since Jan. Since Jan. 1. 1. 322.187 3,183 2.138.0:M 10,33.3 3,00C S,50C 485.282 3.900,420 15.824 41,395 8,800 3,500 OO.ftIO 79,2.52 208.970 292.888 100,588 137,218 213,682 348,808 81.680 134,803 110,275 300,881 122.880 38.274 »»7.37« 121.879 238,805 112,074 664,365 293,154 62,036 42,693 107,220 116,600 1,109.400 1.880.600 2.258.800 4,290,400 901,000 1,244,000 1.780.000 2,322,000 114,000 143,800 301.200 329.800 1.883 7.567 8,034 21,706 DetroU— Obtwlaiut— 4 wks. Feb., 1891 Since Jan. Since Jan. 1, 1891 1, 1800 183.570 fi-i^ 69,225 477.266 323.533 13,350 8,700 27,450 19,025 U4.600 U2333 Puria4 wks. Feb., 1891 80.000 i72,.->n<i 160.500 4 No Chic.Mll.4St.Paui Chic. R. I. 4 Pac. Iowa Central Mll.L.S.4Wcst... Milwaukee 4 N(5r. Minn. 4 St. Louis.. St. Paul 4 Duluth. St. P. Minn. 4 Man. Wisconsin Central Total • 38,807 83,363 . 36,US 86,146 650.819 181,832 262,354 604,112 466,186 Since Jan. 1, 700 11,070 2,100 18,117 1.5.950 15,400 40.1.50 4 wks. Feb.. 1890 fhieeJan. 1,1801 Since Jan. 1.1890 734,484 713,3,17 1.71)0.022 1.790.8S0 6,881.570 8,746.578 4,irn,fli4 111.278,8(10, 13„i38,niH 10.144.211 866,851 1,878,881 1,022,872 144.828 271.894 1,783,148 1,154,91' 135,351 218,311 101,005 83,172 77,354 446,014 209,.580 118.438 109,328 85.107 634,288 313,829 320,054 4.080.918' 4.610,318 i" 218,128 1,676.608 1,134,137 128,858 184,182 53,230 93,172 72.234 221.014 1,677,061 976,405 107,954 146,443 69,826 109,234 84,871 668,012 256,478 382.327 2.34.631 4,205,205! 4,098,292 — __ 1886. 195.938 1.681.978 •933.663 97.289 167.669 207.648 1887. 64.887 103,368 81,913 ? 1.563.901 •769.856 108,857 100,688 4S48S 434.809 881.428 180,888 67,388 410,157 118.937 3,815.828 3.606347 The Pacific roads Northern and Canadian Pacifichave very large gains, as already pointed out. BABNINQS OF CANADIAN PACIFIC AND NORTHERN PAOIPIO. Fehruary. 1891. Canadian PaclBc... Northern Paciac... 1888. 1889. 046,267 t 814,046 1,193,168 837,994 936,065 B10.640 686.788 4S6,4M 1,882,908 2,037.206 1.774.079 1.036.374 1,079,608 2,839.029 2,229,185 1888. 188T. 1890. t 1.338.000 1,601.029 » 684.840 Next to the Pacific roads, the Southern group 785 13,170,.V2,'-. 6.887 .034 whole has done quite well, though the gains are no longer on the large scale of last year. Out of 43 roads which have contributed returns to our statement, 13 record losses, but generally small in amount. All the rest have gains, the ratio of improvement on as a ntl of an- « wka. Feb., 18B1 1888. »~ 44.550 3.001,536 2,113.728 8,0^8,475 6,380.038 1880 1889. — V4nn«ipoIl>— 4 wks. Feb.. 1891 4 wks. Feb.. 1890 Since Jan. 1. 1891 , 629.780 337.783 055,!)57 1880. Not Including the Unes west of Missouri River. Duluth4 wks. Feb., 1891 4 wks. Feb., 1890 Since Jan. 1.1891 Since Jan. 1, 1880 1881. ( Burl. Ced. R. SLLmHt4 wks. Feb., 1801 4 wka. Feb.. 181)0 February. 159,686 1.833,311 n.,105,888i 2.412,894 12,287.».V)| 4,705..197 30.180.201 13.003.923: 5.038.6951 .3,32,717 320,lHrt 74.3,.'.71 888.082 —thus some of the smaller roads being quite large the 1HE 412 & Montgomery Savannah Americas UHROJV1CI.E. has almost 100 per Qyo88 Earnings. 1 1891. 1890. EARNISG3 OP 80UTHBKS OROnP. February. I Char. 137,879 MohUe&Obio Norfolk tWestt.. Kloh. Ik Danr. s^st. Booth Oarollna... Total 1889. 18C0. 1881. Oiesapeske jt Ohio 622.670 Cbe«. Ohio & 8o.W. 185,937 01n.N.O.*Tei.P.' 671.262 B.Tenn.Va. JtOa. 663,562 IjODlsTille & Nash. 1,510,466 liOnlsT. N.0.& Tei. 291,391 Memphis & 281,496 591,326 1,111,326 179,000 6,U9,196 t 426.000 183,910 150,200; 695,980 672,068 571.673' 485,083 1,496,846; 1,846,528 216,861 265,910 146,306 162.516 247,300 277,069 546.889 508,577 1,068,400 908,897 149.161 126,316 t 225.660 t 335,260 124,803 523,082 396,283 1,170,453 179,230 144.ei8| 125,875; 215.992; 460,338 867,171 135,552 200,198 411,691 734,677 114,699 4,895,916 4,316,941 381.919 155.762 577,066 6,874,608 5,216,219 1866 1887. 1888. 586,996 462,614 1,280,396 . Ala Gt. Southern. N.Orl.A Northeast. t 113,630 410,993 841,383 1,019,266 139,210 108.231 167,139 313,873 733,306 120,054 i 3,833,329 & Vickshiirg. Ala. . Vicks.Shre v.&Pao. Cln. Northwestern... Cln. Wab. & Mich.... Glev. Akron &Col.... Clev. Cin. Ch. & St. L. Peoria & East. Div. Cleveland & Marietta Midland Hock. Val. & Tol. Color.ado Col. & Macon.. Denv. ife Rio Grande. Des Moines & North. Des M. & N'western.. Det. Bay City & Alp. Det. Lansing & Nor Dul. So. Shore &Atl.. East Ijouisiana Coviufjton . E. Tcnn.Va. & Ga... but Evans. & Indianap. Evansv. & T. Haute. this does not apply to the shipments overland, which Flint & Pere Marq Florida Cent. & Pen.. amounted to only 130,548 bales in February, 1891, Fort Worth & Rio G.. against 159,037 bales in February, 1890. The receipts Ga. South. & Florida. cotton movement was heavier than last year, . Qr.Rapids Southern ports, however, reached 477,981 bales, against 345,141 bales, the most decided gains as a rule being on the Atlantic Coast. at the Indiana. 161,7.o3 Cln. Rich. & Ft. W.. Otiier lines Gr. Trunk of Canada. Chic. .feGr. Trunk.. 29,595 17,620 1,304,071 280,034 78.703 534,288 40,582 81,022 2,800 12,500 33,231 144,679 2,628 82,144 19,626 23,535 338.147 92,944 28,653 Febntary. Since January 1891. 62.055 4.336 bales. KlPaso.ic New Orleans 151,261 MobUe 22.882 Florida 729 Savannah 82,649 Brunswick, &c Oharleston Port Koyal,'*c 11,362 88,453 62 Wilmington Washington, Ac Morfolk. West Point, 8,475 267 46,783 ftc 1891. 1890. 1889. 43,723 7,044 136,849 12,041 1,933 61.049 11,652 8,989 34 4,669 140,572 119,016 110,309 83 58,672 Total.. 477,981 11,957 15,053 458,852 389,704 13,809 882,326 62,695 2,429 40,017 Sl.OOO 9,660 5,722 181,016 134,886 127,938 48,826 69.749 3,042 17.559 1.515 91.406 112,172 31,317 44,778' 27,556| 30,134 16,378 404 29.492 1,266 140,090 Vl,8-30i 36,733 129.900 85,016: 346,14l' 415.007 1,279,165 1,011 968,376 1,058,872 As already indicated, Southwestern roads show losses in quite a number of cases. Still, there are exceptions to the rule, as for instance the St. Louis Arkansas Texas, the Kansas City Fort Scott Eastern of Minn... Montana Central.. Gulf (ScChlcaRO Ind. Dec. 1890. 85,780 15» No.-S.&P.M.&M. Humeston & Shen 1. PotU. Qalveston &, Det.Gr. Hav. &M11. Gt, BECEIPT8 OP COTTON AT SOUTHERN PORTS IN FEBRUARY, AND FROM JANUARY 1 TO MARCH 1, 1891, 1890 AND 1889. & Memphis, & the Rock & Memphis, and the Colorado roads— the Denver & Rio Grande, the Colorado Midland and the Rio Grande Western. Little namely, . . & West'n.. Iowa Central Iron Railway Jack'ville Southeast. Kanawha & Mich. Kan. Kan. Kan. . . & & & C. Clin. Spr. .. C. Ft. 8. Mem. C. Mem. Bir. Keokuk * Western Lake Erie All. & So... Lake Erie & Western. LeliiKh & Hud. River. . . Little Rockifc Mem.. Lon(? Island Louisv. Evans. & 8t.L Louisv. & Nashville. Louis.N.Alb.&Chic. Lou. N. Orl. & Texas. Louisv. St. L, & Tex. Lynchb. & Durham .. Momph. & Char'ston Mexican Central Mexican National Mexican Railway.... Milw. L. Shore &W... Mllw. & Northern. Mineral Ran^ce Minn. & St. Louis . . Minn.St.P.&S.SteM. Mo. Kans. & Texas... Kansas City & Pac. Mobile & Birming Mobile* Ohio Monterey & Mex.Gult . . New Orleans & EABNINOg OP SnUTHWESTBRN GROUP. N. Y. Cent. Gulf. & Hud. Riv N. Y. & Northern N. Y. Out. & West.... Norfolk & Western. Nortliern Pacific Fehnwru. . Denrer A Rio Qr Ohlo& . Rio Grande West.. Bt. L. Ark. ft Texas Bt. L. ft San Vthd . fMai 4 Padflc. Total §uin. GBOSe EARNIKG8 AND MILEAGE IN FEBHUAKY. amt Name Eamingg. Mileage. of Road. 1891. Atoh. Top. Mississippi... Ohio & Northwestern Colum. & MaysvlUe Ohio River Ohio Southern Ohio Valley of Ken Peo. Dec. & Evansv.. Pitts. Marlon & Chic. Pittsb. & Western K. C. Ft. 8. A Mem Mo. Kan. A Texas 1890. tnereate _. Decrease. A 8. Pe 2,072,413 100,136 464,219 97,740 9,362 Atlant« A- West Point 40,846 Bait. * Olilo Southw 170,120 Buff. Roch. & Pitts.. 174,191 Burl. Ccd. Rnp.dc No 265,851 Cana<Uan Paclflc "' 1,338,000 C. Fear & Yad. Val 54,987 •Central of Oeonria 524,591 Central Vermon( 206,630 New I/ondon No . 41,331 Oftdeiis.A L.Cliam. 38.810 raattanooKa Union..! 7,600 E'dsJ'ntly own'd. >« Bt. L. & San FTan. R'dsJ'tlyown'n.is Atlanta i Florida & Ohio ^e«.O.A8o.Wcsfu ^c.4Ea«t. Illlnoia.l Cbeaaueako I Ohio. Mllw. <t St. P Chic. R. lel. & Pac'"' ^Ic. StP.AKan.C.I Ohlc. A West Mich. ' Oln.QeorK, APorta...i 622..'>70 1S5.9.37 272.608 1,878,991 1,022,872 284,728 2,055,225 125,118 475,573 122,493 9,881 44,611 180,539 144.511 271,994 946,257 44,538 531,878 209,046 44,317 40,692 7,557 577,066 150,200 219,814 1,793.146 1,151,917 11.5,606 309,409 100,137 3.605 3,937 + 17,188 1891. 1890. Ashe. & Spar. Div.. Rio Grande Western. 6,528 Sag. Tuscola & Huron St. Jos. &Gr. Island.. St. L.Alt. &T.H.Br8. St. L. Ark. & Texas.. 6,527 —24,982 587 582 —11,354 1,329 1,329 —24,753 536 526 -519 105 105 -3,765 87 87 —10,419 281 281 + 29,6801 304 304 -6,143 1,046 1,046 +391,743 5,568 5,407 + 10,449 338 296 —7,287 1,312; 1,276 —2,416 504 504 —2,986 100 100 —1,882 118; 118 i + 43 + 45,504 +35,737 + 52,794 +85,845 —132,045 —24,691 + 15,469 —332 Omaha ifeK.C.. ichmond & Danville Virginia Mid. Dlv.. Char. Col. & A.Dlv. Col. & Greeuv. Dlv. West. No. Car. Dlv Georgia Pac. Div. Wash. Ohio &W.D1V $ 43; 931 398 ( 43 931 398 4361 43B 5,703 5,678 3,355 3,257 863 478! 42 863 401 42 61,588 331,702 148,199 89,704 50,636 51,011 2,116 43,500 63,907 986,217 116,635 20.261 141,906 180,574 12,084 534.000 7,223 14,382 43,000 78,059 105,572 6.600 563,562 22,407 84.007 224,586 127,393 15,660 65,087 Paul&Duluth.... San Fran. & No. Pac. Sav. Amer. & Mont.. St. Seattle L. 8h. & East. South Carolina Tennessee Midland.. Texas & Pacific Tex. Sab. V. & North. A. Arb. & N. Mich Tol. Tol. Tol. Tol. Tol. & Cinn Ohio Central. Col. & Peo. St. L. Wabash & West & K. City . (consol. sys.) Western of Alabama. West. N.Y.& Penn. .. Wheel. & Lake Erie.. Wisconsin Central. .. 4,311 235,152 29,879 54,306 213,113 116,639 1.510,4.55 189,331 291,394 28,052 13,000 137.879 520,112 333,561 346,798 209,580 116,438 7,990 109.328 137.280 587,373 23,590 22,121 284,495 74.698 Decrease. 1891. 189C 344 33e 3* S $ Cin. Jack. & Mack. Gin. N. Orl.&Tex. P. IT .308,211 * Entire srstem. t Includes Scioto Valley & New England and Shenandoah Valley for all the years. If Richmond & AileKhany estimated. The Mileage. Name of Road. cent gain. LI. [Vol. 40,84a + 20,745 327,696 150,073 93,107 -1,874 i-4,006 —3 295 196 40c 50.116 51,061 +516 —5c 1,10S + 1,006 37,957 59,036 939,205 116,856 16,669 137,342 164,143 +5,54J + 4,86£ , 1 1 ' + 47,012 —2211 +3,595 143 17C ; 33 29 19 14 17 6 165 194 1,714 353 f 16 19 1,71 13,04C 956 327 107 514,630 5,750 17.367 51,331 76,727 110,780 6,466 571,573 + 19.3701 + 1.47E 35 10 28 32 10 1.575 1,49 6,942 74,494 + 5,465 1 251,495 103,285 +4,56t + 16.431 35C ' -2,985 -8,331 + 1,332 -5,206 + 134 —8,011 +9,513 — 26,90£ 105 ] 42 115 232 323 571 62 4 11 23 32 56 6 1 1,358 1,13 i 150 156 15 15 625 .574 62 57 8,231 + 7,436 48,439 190,720 34,383 + 16,6491 iia 338 4 21 —28,967 408 40 -4.786 +3,08g —62,531 + 676 86 8 7 3,48 14,.531 1,366,602 279,35fl 75,075 445,014 24,075 57.445 4,272 11,914 29,574 135,351 3,081 48,026 18,730 34,358 338,018 101,207 28,080 4,587 219,704 24,200 52,188 182,832 82,926 1,496,846 165,020 12,261 2,732,996 32.743 196,279 591,326 255,910 26,195 4,600 145,305 567,456 303,816 292,520 218,311 101,005 6.862 93,172 148,626 596,891 19,540 20,731 247.300 29,700 11,520 2,703,853 40,279 145,037 545,689 1,501 ,029 1,282,908 306,893 13,516 814 27,384 44,263 22,239 70,484 3.134 147,077 19,670 511,200 169,700 88,700 93,400 73,800 154,300 8,650 11,575 148.550 6,785 54,720 107,221 331,931 95,107 41,774 41,000 26,080 179,000 13,310 501,113 3,191 70,054 25,320 92,799 74,329 117,051 944,631 51,029 244,100 87,195 313,829 303,369 1.5,423 600 42,951 37,958 15,926 52,932 2,804 153,860 17.709 480,800 158,000 87,500 95,800 71,250 131,700 7,950 10,400 91,475 5.094 105,186 89,005 297,472 77,354, 36,565 21,123 22,821 149,161 16,301 544.426 3,677 91,393 22,331 88,903 77,916 122,280 986,840 50.943 251,872 81,895 320,051 + 24,106 + 3,626 + 89,274 + 16,507 +23,577 —1.472 + 586 + 3,657 i 72 3,487 335 188 3,010 71 178 62 95 152 +0,326 508 —453 + 34,Us 20 415 142 163 + 896 —10,771 + 12(1 -8,263 33 18 3,00 7 17 6 9 15 50 2 31 14. +573 148 16 67 27 14 + 5,446 61 722 72 + 5,67E 90 9 H-2,118 -276 671 275 6 + 33,713 + 13, 60S) 135 361 386 13 36 32 2,344 2,19 + 24,311 + 35,484 + 1,657 + 8,400 537 792 121 115 330 +30,281 —7,420 —47,344 1,527 +29,745 1,218 293 + 54.278 —8,731 699 362 + 15,433 + 1,128 +16,156 —11,346 —9,518 +4,050 + 1,387 17 363 805 12 6 33' 1,52' l,21i 29; 69{ 3(>: 1' 3(i: 80J 1,661 1.651 131 13: 150' 16C +741 687 298 65 + 29,143 1,465 +37,195 +44.998 53' 79 68' IOC G1,421 (il 61 —7,536 371 425 +51,242 97" +45,637 1,077 +218,121 4,237 3,651 623 623 +3.524 —1,907 106 106 li 19 + 214 209 201 -15,567 126 128 +6.305 106 108 + «,313 254 254 + 17,552 2? 25 + 330 367 —6,783 367 13^ 134 + 1,961 + 30,400 + 11.700 1,112 1,075 + 18,216 355 393 298 296 566 50 70 386 67 447 242 447 242 +34,459 1,227 1,237 + 17,753 + 5,209 + 19,877 + 3,259 247 160 190 +29,839 -2,991 —43.313 313 135 247 160 175 90 247 135 + 1,200 —2,400 + 2,550 +2,600 +700 + 1,175 1-57.075 + 1,691 —50,466 —186 —21,339 +2,989 + 3,896 124 1,497 38 286 72 235 247 —3,587 451 -5,229 —42,209 1,921 132 + 86 678 —7,772 337 +5,300 867 —6,225 3S5 39J 29£ 292 518 50 70 36C 67 1,487 38 38S 43 235 247 451 1.921 132 678 187 828 I. Total (115 roads). * . 33,484,363 32,154,992 +1,329.374 ^9.">71Sii,569 Three weeks only of Fehr.ia-y in each year. Mabch THE CHRONICLK 14, 18911 QBOaS KARNIMQ8 FBOU JANUABT Kame of Road. San. Fe.... 4,279,681 Bon4lBjiilntly owii'il, >a St. I,(iuU \- 8iin Fran. Roailn Jcitntly own'cl.'s 223,682 944.977 218,826 21.078 93,S58 350,126 36R,013 Atliuita>b Kluridtt Atlanta .t West Point... Bult. <lc Ohio 8outUwest. Buff. Koch. A Plttaburit. Burl. Ced. Rap. & Nor.. CaiuuUuu I'aclao Cape Fear Yad. Val Si . 'Central ot Qeorttla Central Vermont (3 r'ds) CbattanooKn Uuliin Cheeapeuko & Ohio Clie»ap. OUlo & Southw. Clilcftgo <fe East. Ill Chic. Slilw. St. Paul.. Chio. & A Pao... & Kau. City. Rock lal. Clilc. St. P. Chio. & West Michigan. Oin. Oeorf;. & Ports Ctu. Jaokson •& Maok... Oln. N.O. & Texas Pa«.. Ala. Ureat Soutliern.. N. O. & NorthoMtern. Alabama & Vlcksburg. Vloksb. aiirev. cfe Pao.. Clnn. Northwestern Cin.Wabash & Mlehlgau Cleve. Akron & Col aev. Cln. Clik'. &8t. L.. Feoria Eastern Cleveland & Marietta. Colorado Midland Col. Hook. Val. & Toledo <(i . Oovlnitton & Macon Denv. <t Rio Grande Des Moines & North'u.. Des Moiue.H & Northwest Dot. Bay City & Alpena. & t)et. Lan.'tluK i Nurth'n. Duluth 8o. 8h. & Atl.... East Louisiana EastTenu. Va. &Ga.... fvausv. & Indianapolis. Evausv. & Terre Il.iuto. Flint & Pere Marquette. Florida Cent. & Peuin.. Fort Worth* Bio Or.. Ga. Southern <t Kla Gr. Rapids & Indiana. Clu.Rlch.& Ft. Wayne. . Other lines Gr. Trunk of Canada... Chic. &Gr. Trunk Det. Gr. II. &Milw.... Great Nor. St. P. M.& M. Eastern of M Montana Central Gulf & Chicago flumeston & Shenand'h. nd. Decatur* West { I Michigan St. Kan. City Clin. & Spr. Kansas C. Ft. S.& Mem. Kan. City Mem. & Bir. Keokuk & Western L. Erie Alliance & . So. . Lake Erie * Western...] Lehii^b & Hudson River; Little Rock & Memphis, Long Island . 1 i : Louis V. Evansv. & St. L.! Louisville & Nashville. Louis v. N; Alb. & Chic. Loulsv. N, Orl. St. Texas. I/)uUviIle St. I-. St. Texas! liyncbburKife Durham.. Memphis tfc Charleston. . Mexican Central Mexican National Mexican Railway Mllw. Lake 8h. & West. Milwaukee & Northern. Mineral Range Minneapolis & St. Louis Minn. 8t. P. & 8. 8te. M. Missonri Kan. & Tex. . . Kansas City & Pacific Mobile <fc nirmlnsrham Mobile &Obio Monterey St Mex. Gulf. New Orleans & Gulf N. Y. Cent. St Hud. RIv. Kow York St Northern. N.Y. Ontario & West'u Norfolk St Western Northern raclllc... Oblodc Mlssls.slppl Ohio St Northwestern... Columbus St MaysvlUe Ohio River Ohio Southern Ohio Val. of Kentucky Peoria Dec. St Evansv. PIttsb. Marion St cnilc Pitlsbiirc & Western Quincy Omaha A K. C. . . Richmond A Danville. Vlrgiuia Midland Ulv Char. Col.A AuK. Div. & Green v. Div.. West. No Caro. Div Georcta Pacific Div. Col. Wash. Ohio St W. Div Ashev. St 8i>ar. Div .. Rio Grande Western 8a*,-. ru.9( Ola & Huron.. A St. .los. (ir. Island.... St. L. Alt. St T.H. HrVhs at. 1.. .\rka- sas St Texas .517.585 2,703,221 108.091 1,336,755 660,428 16.242 1,277.233 392,785 568,835 3,825,187 2,120,359 564,682 224,917 8,106 117,355 685,251 307,864 193,382 109,805 110.895 3.687 89,188 133,907 2,063.274 243,530 48.199 310,SI2 385,617 25,296 1,179,500 15,412 26,809 89,922 164,709 229,678 17,100 1,233.774 48,072 170,695 478.551 261,165 33,032 133,205 322.420 63,223 38.131 2,968,093 641,048 177,080 1,189,150 81,224 179,220 6,158 iovra Central Iron Railway Jacksonville Southeast Xauawba TO FEBBUABT 1890. 36. Jfams of RoMd. InertoM. Dterttu*. $ A Atoh. Top. 1891. 1 26,000 73,446 272,020 5,949 155,920 44,245 49,595 705.271 199,299 58,794 9,912 476,193 60,499 128,303 450,091 228,530 3,100,970 380,234 661,183 60,490 24,000 294,683 1,091,168 679,162 749.927 416,898 245,039 17,590 219.028 287,954 1,237,164 49,009 48.749 606,188 148,103 30,276 5,740,848 66,068 408,079 1,286,076 3,253,168 635,106 30,094 1.474 77,916i 96,083i 46,958' 146,376 6.766 300.308 42.150 1,031,550 3-l.">,000 178,500 182,350 157.150 336.550 18,250 23,275 346.523 13,217 116,418 220,497 67ti,233 4,228,490 231,015 924,347 225,298 21,032 95,206 369,060 262,277 488,5261 1,980,379 84,300 1,400,845 673,747 15,818 1,195,983 329,198 447,101 3,587,557 2,311,393 644,105 198,397 7,701 83,842 686,887 327,426 197,826 118.436 117,576 3.227 76,775 119,974 1,9,'.7,197 01,191 .15,878 1,227,266 37,061 149,355 479,606 224,242 18,249 100,342 347.638 64,735 28,510 1,203,309 2,460,308 623,137 31,046 1,208 91,636 82.926 32.363 110,88 5,316 316.123 35,735 1,007,100 318,800 172,300 184,668 149,894 346,575 16,698 21,132 208,300 10.975 228.359 186,445 662,185 at. Paul A Duluth San Fran. <k No. Paclflo. Savan. Amer. & Mont. "i',708 13,934 Tol. A. A. <fcNo. MIoh... "6,472 ii 103,336 29,059 722,842 23.791 Seattle L. B. 424 81,250 63,587 121.734 237,630 186,807 91,234 82,347 07,120 856,747 30,739 1,115,202 6,344 146,310 48,381 197,961 143.987 237,582 1,939.483 112,560 634,675 177,725 683,549 . Toledo Columb. A CIn.. Toledo* Ohio Central.. Toledo Pooria* Wcst'n. L.* Kan. Tol. St. 69,090 13,319 Wabash City.. (oonsol. system) Western of Alabama Western N. Y. St Penn.. Wheeling * Lake Erie Wisconsin Central . 26,520 Het Increase * 1890. /iMTtOM. S • 164,597 72,035 43,570 46,036 291,440 32,496 1,204.348 7,310 172,287 43,400 184,703 140,620 241,122 2,108,749 110,840 008,144 164,629 645,633 Total (145 roads)....! 70,637,003 101,034 70,423 Deertate, 21,210 19,199 88,777 11.080 60,303 1,707 89,146 966 28,977 4.081 18,248 0,633 8,54» 169.269. 1,720 26,081 13,096 39,916 67,051,6471 4,775,116 1,199,760 3,570,356 | I Three weeks only of February In each year. 405 33,513 1,136 19,5<i2 IMPORTS AND EXPORTS FOR JANUARY. 4,444 8,631 6,681 The Bureau of Statistics has issued its detailed statement of commerce of the country for the month of January, 1891 and 1890, and for the seven and twelve months ending January 31, 1891 and 1890, as follows 2,833 IMPORTS AND BXPORT8 BY PKINCIPAL CUSTOMS DISTRICTS. 460 12.413 13.933 106,077 the foreign : 12,321 40,147 57,427 OUSTOMS Dlg1,073 69,570 4,389 TBI0T8 AKD HOHTS. January, 1881. Imports. BZPOBTg. 12 month* enjUng 12 month» eruHn^ January Import!. 8.316 ExporU. 1891. 1,370 902 6,508 11,011 21.340 S«ltlmore,Md Boat. A Char6,683.507 88.650 117,483 8,512,231 Champl'n.N.y Chariest 'D,S.C 1,055 46,276 6,519 12.157 234,835 13,491 47,287 1,386 14,665.2<I2 1.829.952 1370,489 2,310.888 434.022 8.628.192 1.337.739 Cincinnati. O.* Detroit, Mich. 251.481 8.6Vo',7a7 4,«87Vs»i 22,591 1.131,937 1,256.218 23b.9yu 27,98l.aa2 21,764.240 4H7.H31 10.283 36,4£0 790,105 1.086.21i) 816.728 87.314 2.817,B1S 2.996.307 7.561.804 89.969.181 75.781,156 289,008.173 206.328.312 206.237.642 2.383. U8 35.967 69.560 B5.520 12.734,968 10.225.ua0 I8J.894 618.718 1,251.236 910.592 1,170,995 1.563.720 3.00.S,001 1.117.893 945.884 28,508,483 19,0J3.5«5 19.619.008 216,474 1,143,486 l,69i,428 Mlnn's'a.Minn Mobile, Ala New Orl'ns.La New York.N.Y Niagara. N. v.. Norf'k,&c..Va. OreKOn. Oreg.. Phlladera, Pa. Portld.&c.Me. 2,806.930 72S,IISS St. Loul«..Mo. 1.778.306; San Diego.Cal. 266.519 San Fran., Cal. 146 Wlllaniette,Or Wllml'g'n. N.C 9,813 42,773 25,073 1.611 277,963 m'.Vii 28.333.4S9i 22.137.855 22.697,134 352,»9I 25,6S«.2lD 25.2-(0,774 4.109.530 l,724.97i| 1444.687 484.807 2,3)0.770 1.900.151 Savannah, tia. Vermont. Vt. 56,434 3,132 1.317.89^ 1,921, «8:J Oswega'le,N.T Oswego, N.Y. 2,361 11,529 14,901 40,494,,474 42.485.730 816.660 1.196.429 11,424 JS71 201 MlJwkee.Wia. 4,621 38.236,732 48,571.471 .S.821 Duluth. Minn. Oalvest'n.Tex 25,218 1,510 7,478J88 82,955,901 -" 10.143.!)t2 lesl'wn.MasB BulTaloCli.N.Y Chlcatio.ili 36,923 14,783 32,863 104.479 7,050.476 6.009.5S8 Total), (tnciudlDff all oth'r DlBts.) 82,278J!22 ^^,522.367 47>.561.270 411,405.789 5«7.6'J«.824 540.684.188 HEROHAnOMlI. 670 13,488 13,055 16.008 63.664 70,081 For the month of January 3-2,797 For the 7 For the 12 Uonthtendtd Xonth* ended Jan. 31. Jan. 31. 1891.— Ezporta— Domes tie $81,468,042 $541,0 '1,815 $953,279,711 11,.'>21,664 1,054,315 6,513,009 Foreign $8i,5i2,357 .$547,606,-24 $864,801,375 Total Imports 62,276,222 474,531,270 822,455,890 Excess of exports over Imports $20,246,135 $73,055,554 $42,345,485 Excess of imports over exports 49.864 46.976 5,544 14,600 23.136 29,928 43,249 66,113 1890. —Exports— Domestic $74,176,042 $033,105,932 $815,811,615 13,026,371 7,528,201 1,035,596 $76,2li;638 $540,634, 133, $828,837,986 Total 411,405/789 765,395,012 Imports 63,222,932 Excess of exports over imports $11,988,706 $99,228,344 $68,442,974 Bioess of Imports over exports 22,315 Foreign 41,123 2,477 21,071 66,369 'i 0,659 7.404 4,245 67,249 94,703 4,070 113,589 1 OOLO AND SILVER—OOIN AMD BULLION. ISei. -Kxport»-Oold— Dom. Foreign Total Silver— Dom... Foreign Total Total exports 14,837 792,860 11,969 958 266 13,720 13,157 14,595 33,495 1,450 15.810 6,415 24,450 26,200 S,940 ' $20,685,064 a,645,755 $24,331,319 $14,833,883 9,93 6.604 $24,770,486 $49,101,805 $20,582,116 22,21 4,128 $42,796,244 $6,305,561 1890.— Export*— Qold— Dom. $44,503,970 6,643.379 $60,197,349 $37,383,265 13,504,779 $40,838,044 Foreign Total Silver— Dom. Foreign 2,318 7,256 10,036 1,552 2,143 138,223 2,242 Total: Total exports Imports— Gold SUver 111,941 $471,605 257,641 $16,003,266 628,198 $16,631,464 $9,038,815 5,272,709 $1,618,464 $14,311,524 $2,347,710 $30,942,988 Imports— Qold $1,397,918 $16,338,166 12,941,240 1,318,6 53 SUver Total $2,716,071 $29,279,406 Bxoees of exports over Imports $1,663,582 Excess ot Imports over exports $368,861 '. 123,811 82,767 16,048 1880. t 10,171 '34,052 Janunry 31. 31. 1881. 899 3,014,369 634,529 164,923 954,315 65,733 131,933 7,544 23,636 61,917 257,119 6.095 99,486 41,113 59,408 748,044 224,372 60,405 9,212 462,705 47,444 112,295 386,427 158,449 3,068,173 330,370 617,207 54,946 9,400 317,819 1,121,096 635,913 683,814 439,213 203,916 15,113 197,957 334,323 1,226.505 41,605 44,504 538,937 53,400 26,206 *,627,259 80,905 284,268 1891. A Bantern South Carolina Tenneaaee Midland Texaadk Paclflo Tex. Sabine Val. it N.W. 7,333 20,630 246,363 270,665 328,190 26,369 1,109,930 11,023 35,125 90,821 154,538 231,048 16,198 418 Total Bxoeas of exports over Imports Excess of Imports overexports $8,721,334 853,30^ $9,574,636 9460,969 $2,242,952 $16,583,490 7,816,317 914,333 $3,147,285 $24,S»9,8U7 $3,608,254 $33,974,443 8,696,392 $1,066,837 fl,6i>6.338 1,404.828 $2,461,665 $20,391,730 $1,146,689 $13,682,713 $440,969 20,000: $91,03.^,303 $13,413,463 19.060,673 $31,473,135 $89,563,398 THE CHRONICLE. 414 ports of TOTAL MBBCHAUDI8K AMD OOIN ASD BULLION. heavy paper, which, For the month of January. Fort?ie7 For the 12 Motitha ended ifoni?u> ended Jan. 31. Jan. 31. $888,799,157 1891.— Export*— DomesUo ... $82,91«,424 $566,133,896 25,104,023 12,415,916 1,951.643 $84,870,O«7 $578,549,812 $913,903,180 61,992,793 503,830,676 865,252,134 Imports Exoees of exporta over Imports $19,877,271 $74,719,136 $48,651,046 Excess ol Imports over exports Foreign Total $76,859,963 $558,410,756 $887,698,850 32,174,529 16,197,820 1,959.929 Foreign *7«,8 19,892 $574,603,576 $919,873,379 Total 796,86-1,147 461,797,519 65,684,.^97 Imports Excess of exports over Imports *13,135,295 $112,811,057 $123,005,232 EitopBunf Itnporta over exportn 1890.— Exports— Domestic ' [Vol. Llllosses it was through the fall in silver and in rupee Were aggravated by irregularities said, that might lead to legal proceedings. One of the great finanhouses was seriously embarrassed; but it has obtained temporary assistance and efforts are being made to take over the depreciated and unsalable stock it holds, and so place it cial in a position of safety. One of the plans under consideration the establishment of a great trust for South American securities. It is impossible to say yet whether the plan can be carried through, but probably it will be found necessary to relieve the particular house and some others, and the great is bankers that combined in November will doubtless give assistance. In spite of the revival of apprehension, there has not been speculative selling, and the bona fide holders of Argentine and other South American securities have not been frightened out of their securities. Yet nearly all markets are lower than they were a week ago, almost the only exception being Argentine and Brazilian. The former have risen because Lord Rothschild received a telegram on Wednesday from the Argentine Finance Minister giving assurances that the Gov" emment would carry through the funding plan, and adding that it would deal fairly with the Buenos Ayres Water Works Company. Brazilian stocks have been advanced because the new constitution has been definitively voted, and Marshal Fonseca has been regularly chosen President. But there has been no real business doing. In other foreign stocks there has been a somewhat sharp decline, owing to the unpleasant im- much [From our own correspondent.) London, Saturday, February 28, 1891. There has been a further advance in rates this week, the rate of discount in the open market rising to 2J^ per cent while short loans have ranged from 2^ to 3>^ per cent. The supply of money in the outside market has not been equal to the demand, and the Bank of England in consequence has done a large business. In the first place, the advance is due to a revival of alarmist rumors respecting the houses most deeply interested in the Argentine Republic. Secondly, it is caused by large revenue payments during the week ending Wednesday night, for example, the Government deposits at the Bank pression made in Paris by the Empress Frederick's visit to Of England increased nearly a million and a-half sterling. In Versailles and St. Cloud. The utterances of the newspapers the third place, it is traceable to a report that the Russian Gov- have called forth indignant comment in Germany. This ernment was about to withdraw a million and a-half sterling alarmed operators in Paris, and heavy selling took place, leadin gold, which it advanced to the Bank of England last Novem. ing to a fall in almost all inter-Bourse securities. British railber. The report is not quite accurate. The Russian Government way stocks have given way because of the revival of alarm purchased treasury bills for the gold, and the Bank of England and the weakness of the foreign market, and also because of therefore has to make no re-payment. Of course, when the the unsatisfactory relations between capital and labor. At the treasury bills fall due, the Russian Government has it in its fortnightly settlement, which began on Tuesday morning, power to take the gold; but for the present it does not intend to Stock Exchange borrowers were charged about d^ per cent, do so. Yesterday Messrs. Rothschild did withdraw £400,000 in but the demand was very small, and the carrying-overrates gold but, as Messrs. Rothschild sent into the Bank exactly the within the Stock Exchange ranged only from 3}4 to 4>^ per same amount, received from Brazil, the one transaction coun- cent; in very many cases borrowers could not obtain more, terbalanced the other. On Monday it is understood that Messrs. that is to say, than they paid to the bankers. In the AmeriRothschild will withdraw £300,000, also for Russia. For the crn market rates were about 4 per cent, business being enpresent the Russian Government intends to take no more, but tirely stagnant. The general evidence afforded by the settleit has very large balances with Messrs. Rothschild just now ment is that there is no increase in the speculation for the and possibly by and by it may withdraw further sums. The rise, while the specvdators for the fall have been taking advanreturn of coin from the internal circulation still goes on and tage of the lower prices to buy back. will continue for about a fortnight. The whole stock of gold The dispute in the shipping trade still continues. The Fedheld by the Bank is under 23}4 millions. The Russian with- eration of Trades Unions has withdrawn a manifesto issued drawals next Monday will reduce it to about 23 millions ster- by it in December which was regarded as an aggression by ling towards the end of April coin will begin to go out again, the Shipping Federation, and the threatened strike of steveand it looks just now as if the stock would be inadequate in dores has been coimtermanded. The Shipping Federation, May. Still the probability is that rates wUl begin to decline however, has not met these overtures in a spirit that seems to about the middle of March, when the payments out of the promise an early settlement. Treasury will become very large, and that the market will Messrs. Martin, the bankers of Messrs. Baring Bros., have remain easy throughout April unless, of course, there are this week announced that they have converted their business large gold withdrawals, or the money market is disturbed by into a limited-liabUity company, the old partners and a few of serious failures. their friends taking all the shares, which consequently will The price of silver fell at the beginning of the week to not be offered to the public. The paid-up capital is to be half 44J^d. per ounce, in consequence of the decline in New York, a million sterling and there is to be an uncalled capital held but it afterwards recovered to 44J^d., falling again, however, in reserve of the same amount. Rapidly all the private banks to 44i^d. per ounce. The bullion brokers for about a year have are thus converting themselves into limited companies, it benot fixed the price until they received the opening quotations ing felt everywhere that only by publication of accounts can from New York, but this week they have decided to revert to the confidence of the public be retained. the old plan of fixing their prices independently. Apparently On Thursday there was a meeting of representatives of the the break-down of the speculation in New York makes brokers leading joint-stock banks at the office of the London & believe here that the control of the American operators is at Westminster to consider the proposal of the Chancellor of the an end for the time being. Owing to the faU in the price the Exchequer respecting the keeping of larger reserves and the Indian demand has increased. ThU is the most active export publication of accounts. No decision was arrived at, and the season in India, and usually the Indian money market becomes meeting adjourned. It was generally agreed, however, that very stringent; this year it has been unusually easy. On Thurs- more frequent publication of accounts is necessary. The day, indeed, the Bombay Bank and the Bengal Bank raised more general opinion was that quarterly publication would their rates from 3 per cent to 4 per cent; but generaUy at this meet all the demands of the public. That, however, is quite time the rates are very much higher. There has also been a mistake. The publication will have to be made much more some demand for silver for Russia this week. frequently, and it is understood that the Chancellor of the On Monday and Tuesday the city was ver^ much disturbed Exchequer insists upon weekly publications. Respecting the by rumors of impending difficulties. It was said that one of keeping of larger reserves, there was a good deal of difference the greatest of the houses interested in Argentine finance had of opinion. Our law does not require any bank to keep a to make large payments and was unable to raise the necessary reserve, and the Chancellor of the Exchequer feels that it funds, and it was feared that this might gravely affect other would be difficult to induce Parliament to impose the obligahouses connected with South America. There were also re- tion upon the joiQt-stock and private banks at present. He ; ; ; il March :rHE CHRONKJLR 14,1891.] 41$ =fc^ the banks were compelled to publish returns every week, public opinion would force them before very long to increase their reserves largely. No doubt the joint-stock bi\pks arc of the samo opinion, and as they are hopes, hovrcver, that if unwilling largely to increase their reserves, they hesitate to fretjuent publication, although they admit in principle that frecjuent publication would increase the confidence of the public and in the long run would benefit themselves. The visit of the Empress Frederick to Paris, which at first promised to have a beneficial influence upon the relations between France and Germany, has ended rather unfortunately. In the beginning the French press was silent respecting the visit, or very courteous, but during the last two days very many of the papers wrote strongly against the length of the stay. The make Empress's visit to Versailles and St. Cloud seems especially to have given otTense in Paris. The comments of the French papers have called forth angry criticism in Germany, and it DOW looks as if what was at first regarded as the beginning of an attempt at improved relations between the two coun- would end in increasing the mutual ill-feeling. The wheat market continues quiet. The rates for money have been as follows: Supplies available for consumption (exolaalve of September 1800-01, 32a. price, week price, aeaeoo.. 32b. S Trade BiOl. Three 1«® - Jan. 2S " 80 •• At 7toH ZM9 1« 2M®3 ' 8«®3 1« 1« 2«® - 2«9 -,2«® - tH®S 2H^H 3 @3)«j3 @3^3 ®3^ 25<9 - The Bank Days. Call. 3«®S«;2W®SJ4 2»«3H 1H2 i » — 18 to " Wl. Disc't Joint Four Six Jbur Six Stoch Months Months MOHthM MonthtlMontht Months Banks. Ihree rate of discount chief Continental cities have been as follows: and open market now and 2M-2M 80a. 20«. 31a. 04,761,064 1887-38. , 8d. Od. 34.1 24L. sot. 308. quantities of wheat, flour and maize afloat to the United Kingdom Wbest Last teeek. 1,707,500 1890. 1,974.000 1,948,.') 00 Ualzo 870,000 292,000 845.000 637,000 210,000 300,000 This week. qr».l,654..%00 Flonr, equal to qrs. 373.000 qn. 280,000 1889. EuKlIah FInaaolal ITIarketa— Per Cable. The daily closing quotations for securities, &c., at London, are reported by cable as follows for the week endiuK March Wj- Londoru Sat. d i4\ per cts. 96 "4 Norfolk & Western, pref. Northern Pacific, pref. Pennsylvania Philadelphia Si Reading. Union Pacific Wabash, pref 3ron. Tues. 45 451m Wed. TAttr*. Frt. 4518 45--., 45i|a 9611,8 961 1„ 97', 97 96Uia »7:i„ 967g 96'8 97 Is 96«i» 95-35 95 40 95-30 95-2713 95-30 10418 104 ig 104 14 IO4I4 1041a I23I3 I2312 1231a xl22% 122% 7678 77 777, 77% 78 54I4 5478 S478 54H 65H 94 94 94 94 >a 941a IIII3 IIII3 llli« 111% 112 74I3 75 '4 73'8 74% 751* 73i« 73 73 73 73ie 963s Fr'ch rentes iluParlajfr. 95-35 104 's U. 8. 4"«8 of 1891 I2314 V. 8. 48 of 1907 7758 Canadian Pacific Chic. Mil. &St. Paul.... 54 Illinois Central 94 Lake Shore lll»a Louisville & Nashville.. 7414 Mexican Central 4s 73 N. Y. Central & Hudson. 103>4 N. Y. Lake Erie AWesfn 18»8 '101 do 2d eons . IX 1« Od. Od. 2')n. l««7-fl«. S5,ea4,37» 1888-80. 188000. The following shows the ! London 1MA9-80. 30,313,900 S4.04ft.9i:» 7,427,072 0,234,030, 18,2)2..'>03 21, 477,02 61,128,226 3d. 3d. Con8oU.new, 2 % do tor account InttreU allowed for devonts by Open Marktt Rates^ 1880-90. 09,54S,29a Total 1800-91. English wheat, per qr.— Silver. i)er oz tries 1) Cmportsof wheatowt27,87i),272 2B,08O,»08 Import* of Hour 7,330,747 8,286.187 8al»a of home-gi'own 20,335,276 26,181,071 Average Average stoolom 102% 54 5414 72^ 72% 521a 15>4 44'8 52 14 104 1001a 5458 101) 73% 541a 5459 73% 74 5214 1518 4558 5238 1478 4512 1718 5238 1519 4558 7414 5238 1858 100 545b 1514 447a 17 17 103% 18% 103% I8I9 100 13 17 104 19 1878 100% 15% 4559 181a rates at the for the previous three weeks ®0mmerclal and 3^tsceXIattC0tts— Mcvos** » Government Revenue and Expenditures.—Through tbv Feliruary 27. Bates 0/ Interest at Bank Open Rate. Market Paris Barllo 2« 2« 2« 3 3 BambnrK lYankfort Amsterdam . . Bnuaels Hadrld 3 3 3 2« i% 8 February Bank _.. 3H St. Peteraborg. Open Bate. Market 3 3 8« Messrs. Pixley February Q. Open Rate. Market a 2 2« 3 2k' 25^ 3ii 2« 2« 2X 3« 3« 3« 3X 2« 2H 3« Bank Open RaU. Market 2« 2« 1« 3 3 i nom, 4 3 4 1 4 3H 4« 4 4 3 3 3« 1 3« 3M 4 t & Abell write as follows: : Int«-'( Misc'ls Rev^ue Sources ~i~ ~i /•* Aomst 23,958 ~~i : 1891. 1890. Feb. 25. Feb. 26. Circulation 22,615,300 Pnbllcdeposlts 13.027,968 Other deposits OoTernmeDt securities Other securities Baokrato 19,006 10,899 12,558 a3,733 65.154 36,607 12,615 39.804 cS.lO? 11.322 d2,436 21.518 17.779 18.786 16,615 12.395 11,418 13.897 12.944 jannarr.... 23.0-:7 11.965 Fabmary... 18,994 0.480 Total 8 months. .1166.311 H9.4T8 1.981 2.321 81,370 37,890 15.925 11,169 11;S34 2.189 2,647 2.943 2,666 22,218 10.681 3,794 29,911 18.996 10,115 23.055 285.844' 150.811 80,318 /2,848 1,127 43,577 28,989 11,617 1,785 S1.886 36,334 31,416 33,050 29,595 36,691 30,866 «0.:i29|ii«0,45a National bank depoalt fund Included :— a 12.700,540 t $338,145. 1)13,021,000 c 1993,720 d $307,450 / $245,740 C$2,057,459 DISBURSEMENTS (OOOS Omitted). 1889-00. 1800-91. OnMnary. Pen- 13,988 Aug.... al4,242 616.331 cQ2,483 dl7.522 Feb. 29. £ £ 23.049,860 10.751,104 23,042.465 23,183,670 11,739,080 23,236.807 Sept... Oct.... Nov.... Dec.... Jan.... 16,245.232 Feb.... Prem- Total. sions. terest. iums. ~$~ "1" JolT... In. 21,511 fl6.741 2,652 /20,009 914.055 1,C81 $ 4.313! 3.5371 401 143 $ 38,137 85,687 34,298 38,036 . 15.248 8.17S 11.999 20,039 612 13,431 201I 1,506 15,430 4,6»4| 6.133 11.920| 10.779 21.794 11.314 ll)Mi\ 1.492 40 23,981 31,726 15.680 2,176 13,661 22,970,619 16,816,804 22.782,259 21.415,943 8 mos 135.371 14,885,357 15,787,087 21,727,822 22,770,767 National bank redemption fund Included :— a $1,789,799 6 $2,074,431 C$2,202,780 d 2,109.634 4354 41?ii 9515-16 1184.317.000 97« 124,7DO,000 3 2H 100« 137,Od5ioOO 2.85l{ 360 17.311 774 42.57o| 1,910 31,191,298 5 Prem. lotaL iuma. 0.924 ___ $ 18.277 14.490,861 28.436,461 47 5-19 In- sions. terest. $ 13.763,594 8 Pen- ~~$'~ $ 14.863 7.2S2 2.054 879 1,73„ 18,839 38 13.405' 4.624 11,097 Ordinary. 24,595,811 7,919 518 3.738 2,878 41,»S8 36,383 17,4U 28,599 25.335 2,6U3, 25,821 2,902 2.165 2,a69| 27358 857, 26,060 87.392 83.ftt5 10.401 266.19911107.7551 77.117l27.cai 16.502 228.470 e $1,935,467 / $2,461,760 « $3,279,310. National Banks. —The following national banks have recently been organized 143,194.000 cereal produce into the IMPOKTS. 1890-91. cwt. 27,879,272 com $ « 37.199 «U.316 22,035 26,908 15,228 16.105 £ 1888. United Kjngdom during the twenty-five weeks of the season compared with previous seasons : g»t«--. ~i~ ~i~ ~i 2.82V September.. October NoTerober. December., 1889. Feb. 27. The following shows the imports of £««» Intern MisCU j„tA.' Rev'ue Sources 11.717 28,469,885 12,435,231 Perot. Consolj C.earlrc-House retnnu Jarley tovu. 19,628,960 23,335,531 Reserve 19,143,214 Coin and bullion 83,313,544 Prop, assets to liabilities. per ct. SSH ,^ JjhPat Out- lotai. , The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols, &c, compared with the last three years "Olr OusUmis. . ; Indian 1889-90. 4 nom- To Bombay. £51,G00. eilver— Silver, which had improved to 45i]ed.Ccontinued for another flay at this figure, but with a further pressure of sales from the New York holders, rates dccliued again to 44'4(l. The India Council made good sales and the market was much strengthened, and to-day thesame rate, 44%d., was obtainable for the Continent. Later on. New York offered freely at 44=sd., at which the market closes. Arrivals: New ^ork, £5G,000; West Indies, £29,000. Shipments: To Bombay, £32,000. Mexican Dollars—These coin have been praotlcally a dead letter, and ri?-"^"*' **'''<^'"«°oe In price still applies. Arrivals: From New York, *27,000 West Indies £20.000 : total £47.000. fWDS — BECEIPTS (OOOb omitted). Z'A Gold— A demand for gold still continues, and the open market arrlvalH have found ready purchasers. The movements during the week have lieon imimiiortant. and amount to £154,000 withdrawn and £133,000 received. ArriviiLs: AuRtralia, £83,000; Shanghai, «9.000; Natal. £ 1 1 ,000 jl^Vest Indies, £41,000; total, £144,000 Shipments courtesy of the Secretary of the Treasvu-y, we are enabled to place before our readers to-day the details of Government receipts and disbursements for the month of February. From previous returns we obtain the flj^ures for previous months, and in that manner complete the statement for the eight months of the fiscal years 1890-91 and 1839-90. 2« 2« 6« i Qppenhagen.... 13. Bank 2« 2« 3 3 nom, Vienna. February 20. 1889-90. 1887-88. 1888-89. 26,«80.908 30.313,900 24,04it.913 11,012,737 9.283,108 11,069,971 10.053.003 6,461,046 8,651,590 0,729,809 8,546,780 966,725 1,859,548 905,204 1,069,703 1,653,440 1,351.606 1,747,211 1,471,156 13,09S,999 14,813,132 12,394,400 11,105,171 7,330,747 9,234,030 8,386,187 7,427,972 New Iberia. La. Capital, $50,* Wra. E, Sattertleld, Cashier. of San Antonio, Texas. Capital, $2i50.OOO. Chas. HuKo. President; J, N. Brown. Cashier. 4,626— The Snohomish National Bank, Snohomish, Washington. Capital, *50,000. Emory C. Ferguson, President; Ursenus K. Loose, Cashier. „ ,. , 4,527— The First National Bank of White Pigeon. Michigan. Capital, *50,000. Beth A. Jones, President; Theodore E. Clapp, 4,524—The People's National Bank of 000. 4,.'525— The , President ; Alamo National Bank Capital, President C. B. Burrows, Cashier. $50,000. CapiWashiuKton. Vernon. Mount 4,529—The First National Bank of tal, $50,000, George D. McLean, President; C. 8. Moody, Cashier. 4,628— The First National Bank of Hartinifton, Nehraska . ; 1 THE CHRONICLE. 416 4.530—The Equitable National Bank of Baltimore, Maryland. Capital, $500,000. James D. Ferguson, President Samuel I. Hlndes, ; The corporate 'existence of the National Bant of Chester, South CbroUna (No. 1,804), expired at close of husinesB March 2, 1891, by [Vol. LII. The exports from the several seaboard ports for the week ending March 7, 1891, are shown in the annexed statement: •sporw ffroTn — Wkeat. Oom. Bwh. Buih. 80,113 32,820 llour. OatM. PeoM. Bvt. limitation. Imports and Exports for the Week.— The imports of week, cofnpared with those of the preceding week, show a decrease both in dry goods and general merchanThe total imports were $10,881,053, against $12,735,468 dise. the preceding week and $10,939,700 two weeks previous. The exports for the week ended March 10 amounted to $8,639,376, Mainst $8,100,048 last week and $4,943,103 two weeks previous. last 'The following are the imports at New York for the week ending (for dry goods) March 5 and for the week ending (for general merchandise) March 6; also totals since the beginning ot the first week in January. rOBEIOH IHPOBT8 AT For Week. NEW TORK. 1891. 1890. 1889. 1888. $3,010,649 7,898,155 $4,000,776 7,761,139 $4,329,549 7,957,719 $2,654,894 8,226,159 $10,908,804 $11,761,915 $12,287,268 $10,881,053 Oen'l mer'dise. $32,840,892 66,029,572 $33,783,904 67,833,306 $36,691,624 61,702,544 $30,051,383 70,952,359 Total 10 weeks. $98,870,464 $101,617,210 Dry Goods Cton'l mer'dlse. Total Since Jan. 1. Dry Goods $98,394,168 $101,003,742 In our report of the dry goods trade will be found the imports of dry goods for one week later. The following is a statement of the exports (exclusive of pecie) from the port of New York to foreign ports for the week ending March 10 and from January 1 to date : EXPOBT8 FSOH KBW TOBK FOR THE WEEK. 1888. For the week.. 1890. 1889. 1891. Prev. reported. $5,709,086 53,811,661 $7,698,595 61,369,239 $7,116,874 60,206,794 $8,629,376 57,933,065 Total 10 weeks. $59,520,747 $69,067,834 $67,323,668 $66,562,441 The following (Tew York Boeton... Portland. Kontreal. Phlladel. Baltlm're H. Ort'na. 23,414 7,612 11,470 Busk. 3,173 565 Bbts. 54,990 5,575 2,300 Btuk. 2,891 49,640 24',no6 39',506 3,500 98,831 102,114 202,321 25,326 2,i43 55,099 6,107 7,714 168,827 482,194 132,838 3,773 349,589 3,057,230 165,611 493,488 S.News.. Bush. ""35 Mchm'd Tot. week. 52,531 9'me time 1890... 10,024 44,157 The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports, March 7, 1891: Oom, Oats, Wheat, Bye, Barter, bush, bush. Ifush, bush, buth, In store at— 309,281 993,105 1,132,217 8,766 151,850 Sew York Do afloat56,300 16,000 "32,600 26,6do 24'do6 Albany 16,500 58,122 155,499 BaSUo 944,235 28,295 567,896 Do afloat 40,000 Chicago 205,079 324,446 148,565 123,9(W 6,724,415 15,461 74,817 Do afloat 271.318 HUwaokee 465,187 296',i»7 171 889 Dolath 4,067,549 3,573 226,773 17,723 17,001 Toledo 677,663 4,887 Detroit 168,737 21,586 597 233|615 80,000 220,000 Oswego 55,000 286,769 241.382 432 1,295,250 53,375 St. Louis 157,500 Do afloat 50.000 lie.obo 18.000 Olnolnnatl ' 7,000 118,028 67,992 9,659 32,383 Boston... 200,569 39,757 108,490 Toronto 110,103 398,.547 10,116 212,704 29.981 49,577 Montreal 187,156 104,608 Philadelphia 93,475 265,317 185,965 24,905 Peoria. 40,780 23,078 9,000 Indianapolis 139,077 99,981 93,726 38,858 Kansas City 359,446 : Baltimore 341,777 400,756 114,147 26,848 7,672 620 Minneapolis 5,970,026 42,600 Oq Mississippi... 43,072 156,128 30,200 108,200 24,900 On canal & river. 7,800 shows the exports and imports of specie at the port of New York for the week ending March 7 and since Tot.Mar. 7, '91. Jan. 1, 1891, and for the corresponding periods in 1890 and rot. Feb. 28, '91. table 23.151,571 2,639,250 2,874,854 392,823 2,179,319 23,250,093 2,807.'216 2,948,029 399,105 2,439,790 28,314,594 14,517,691 4,868,390 1.588,485 1,658,542 rot. Mar. 31,780,157 16,911,625 7,741,338 1,641.019 1,712,138 Tot.Mar. 10, '88. 36,662,387 9,202,103 4,426,317 378,299 2,235,323 rot.Mar 1889: BXPORTS AND DIPOBT8 OF gPEOIE AT NEW Exports. TOBK. Imports. * Oold. Week. Great Britain France Germany West Indies Mexico South America U Since Jan.l. $49,685 22,805 603,000 159,000 $114,664 22,805 3,600,877 70,051 565,500 Week. 1,643 $120,625 329,760 421,765 2,938 8,754 27,987 187,518 $139,681 415,362 129,143 $1,096,409 2,450,353 1,533,326 $135,100 1,009,222 1,975 sther countries. Total 1891. Total 1890. Total 1889. Since Jan.l $904,541 $5,315,043 219,930 1,513,950 433,799 2,805,749 8, "90. 9. '89. Cincinnati— Last week's stocks, this week's not received. N. Y. and Brooklyn Gas Securities— Brokers' Quotations, GAS COMPANIES. I Brooklyn Oaa-Lleht Oltlzens' Oas- Light Bonds, 58 GAS COMPANIES. Ask.M Bid. Bid. 83 130 Williamsbarg '108 103 Bonds, 68 96 Hi Metropolican(Brooklyn).. 100 Monicipal- Bonds, 78 130 115 Fulton Municipal lUO 120 Bonds, 6s 116 102 Eqnltable 106 Bonds, 6s People's (Brooklynl. 130 117 100 Consoliaated Gas 95 Hi Jersey City & Hoboken.. 170 Metropolitan— Bonds 110 Mutual (N. y.) 118 Bonds, 6s 100 Nassau (Brooklyn) 135 Scrip 100 , 91 I IDS ' 133 lOf 118 108 , Exports. Imports. Silver, Week. Since Jan. Week. 1. Since Jan.l. Anctlon Sales.— The following were recently sold at auction by Messrs. Adrian H. MuUer & Son : Great Britain France $556,415 $3,120,577 6,334 197,334 Germany West Indies Mexico South America 140,683 35,025 37,988 27,400 12,336 96,748 $20,439 48,265 93,775 74,453 197,844 $3,559,007 5,062,450 3,230,559 $109,084 58,064 $434 776 307 921 24,015 "3,760 All other countries. Total 1891 Total 1890. Total 1889.. $.590,524 646,199 122,231 _^ Shares. 642ioo Central N. J. _ _ _ 1 0,968 314;i56 —The attention of investors & The movement of breadstuffs to market is indicated in the Itatement below, prepared by us from the figures of the york Produce Exchange. We first give the receipts at New em lake and river ports, arranged go as to present the West com parative movement for the week ending March 7 1891 *"" unri since August I, for each of the Ust three vears: ' at— Flowr, Wluat. Oau. BWj.ieeox OUoaco MUwaakM... 67,381 Se.087 Dolnth. Mlnnmpolta. VolMo 907 DMrolt.. . OI«T*laod. .. BtiLoDli.... 2,686' 6.007 84.768 P*orla iso.me Bam* wk.'go. Bam* wk.'Se 193.808 183,120 Mum Aug. BarUy. BH II, 181.004 805.446 176.512 93,750 18a.S97 40.241 88,000 93,000 29.087 26 000' Tot.wk.'gi, ' BiuKSi lb: Bvuh-iHlh Bu. 909,310 17,778 te.33» 24.500 S47.948 1,875.815 115.637 13.073 1,984 35,714 700 734 23,695 131.870 3.0JS S3„S50 823.INU' 82,8) 1,190 10,300 l,2.Se.il2 1,199,017 43(1,853 1,842,930 86.502 78,193 1,784.081 1.030,290 480.351 31,807 57,338 691 59.017,678 25,511,681 8,181 144 4,463,215 I. 6,860,814 78,6til,488 7.418.381 6.019 91S 99.a70.17< . 0C.157,.1S5 105,108.884 77.622.553 . Shares. 1 N. Y. Law Institute 5 Chemical Nat. Bank . I . I i I ' I HCi 58,reg. ex., 1919 I $5,000 Ches. O. & 8. W. RR.2d 70 68,1911. F.&A $2,000 Ohio & Miss. Uy. 1st general 58. 1!)32, J. & D.... 90 $400 Orange Athletic Club 2d 91 mortgage bonds at auction elsewhere: Shares. 315 50 Gallatin Nat. Bank 6 Nat. Broadway Bank. ...290 108% 109 Merchants' Ex. Nat. B'k.l22 340 50 Nat. Shoe & Leather B'k.l53 200 4750 6 2d Ave. RR. Co 50 Nat. Park Bank 100 Nat. B.auk of Commerce. 196ia Bonds. 50 American Ex. Nat. Bank. 55 $5,000 City of Cincinnati 10 Thurber-Whyi'd Co., com.lOO 1906 34 Corn Ex. Biink 249 $9,000 Tennessee Old 500 Internat'nal SraeltlngCo. Green (convertible) 6I4 of El Paso, Tex 1 6s, 12m 68, 69 339,167 84,80l,67t 80,374,786 53921.313' 8L63Q.863 ^attHtng awfl |iftttanctal. 4,950 l,30^.679 18B0.8I Bonds. $2,000 Terre H. « Logansport RR. 6s, 1900, J & J ... 104 J« $2,000 County of Henry, la., 78Comi)romi,se,1892,M.&8. 70 $2,000 City of Kansas (iss. to Kan. & Neosho Val. RR.) 78, Ill 1897, J. & J $2,000 Leavenw'th Co., Kan., & J... 98\ 1909,J. 6s.,funding, $25,000 The United Electric 1920 5 yr. 68, Traction Co. 30 $1,000 N. Y, & Erie RR. 2d 8,83: 11,521 451.900 308,2 )0 1.725,073 4.443 119 ues-M.... Imp. Co 13 5 Union Mining Co. of Alleghany Co., Md 85 40 Washington Life Ins. Co.. 140 50 Postal 'Tele. & Cable Co.. 30 102 Nat. Broadway Bant.... 290 360 IstNat. Bank of Nashv., Tenn., $100 each... lOS-llOU 10 Lawyers' Title Ins. C0...I6OI11 10 Kings Co. Bank, B'klyn. 130 200 Brooklyn City RR. Co. 169ia 16 Harlem River Bank 100 20 Nassau Tr. «o. of B'klyn.l56 50 Fulton Municipal Gas Co. of B'klyn 12914 10 Real Est. Ex. & Auction Room, Limited 106 50 Singer Manufactur'gCo..l80 8 Naugatuck RR. Co 247 20 4th Nat. Bank 171% 24 Merchants' Nat. Bank... 156 12 United States Trust Co. .800 The following were also sold 100 3d Nat.Bank (uew stock). 108 13 N. Y. Standard Watch Co., $100 each... $5 per share . is called to the advertisement of Meesrs. John H. Davis Co. in to-day's Chronicle, oflferinK their Imes of investment securities. B«e*ipt< Shares. Land A 4.058.7BC Spencer Trask & Co., BANKERS, No». 16 and 18 Broad Street, New York Oltr. ''• 8AHATOOA, PBOVIDENCB, R. I.; N. Y: ™,£J'."^l?y „!i; TKANSAOT A GENKKAI. BANKIIVG BUSINESS. All classas of Securities Bought and Sold on Commission. Special attention BlTon to Invostment Securities. Direct wire to each office and to Philadelphia, Boston and Chicago. March THE CHRONICLE. 14, 1891.] %ht gaixliiers shown in the folhiwing statement, kindly furnished ua by the Treasury Department. are CSaiJCtte. DITIDKNDS. Per Same of Company. CeiU. 4M P»r Otnu WTien PayaMe.l Of•Huff. Itookf Closed. {Dayi Mar. inelutice.) •• Hall road*. Ohicngo MHw. A 8t. Paul. Kpnkuk & Wpstcrii I/cliiKli Valley (qiiar.) & NavlKntion (quar.)i Pi'iMisvl vanlft (int. Pittsburg. VIrKiiila Oreitoii R'y South wost Weat ' A 29 to April 10 a m m April 16 Mar. April llMar. April 15 Mar. April 1 Mar. MaroliSl Mar. 1 Marcb20, S April l.-S Mar. 27 to April 10 1 Mar. 21 to April 1 April April ISiMar. 21 to Mur. 31 1 15 tu April ) 11 to 21 to Mar. ai 4 to I I ' 1>« m Hi iMarohiel One of the anomalies of the present period is the relatively low prices of the bonds of various companies in comparison with their stocks. Reading third incomes soTd at 23i^ while the stock was at 29>i; Northern Pacific consol. 5 per cent mortgage bonds sold at 83J!^ while the preferred stock was «t 71 Jj; Richmond Terminal .5 per cent collateral trusts sold at 67?^ while the preferred stock was at 71; Rio Grande Western 4 per cent mortgage bonds sell at T6!4^ and the preferred stock at li/^- Some of these prices have changed within a few days, but it is usually one of the features of the market that active stocks have more support in dull times than the lower classes of bonds. The adjournment soon of the Western legislatures, particularly that of Kansas for two years, is a subject for congratulation among railroad men, and with good crops this year the xAilroad situation at the West will be greatly improved. The open market rates for call loans during the week on stock and bond collaterals have ranged from 2 to 4 p. c, the average being 2)^ p. c. To-day rates on call were 2 to 3 Prime commercial paper is quoted at 5(3.5}^ p. c. p. c. The Bank of England weekly statement on Thursday showed an increase in specie of £183,000, and the percentage of reserve to liabilities was 38-.")9. against 36-80 last week; the discount rate remains unchanged at 3 per cent. The Bank of France shows a loss of 925.000 francs in gold and 300,000 in silver. The New York Clearing House banks in their statement of March 7 showed a decrease in the reserve held of $3,237,500, and a surplus over the required reserve of $10,880,975, against ^13,630,275 the previous weet. 1891. Differeti'sfrom I I 60, 572,700 Capital Bnrplns Loans and 977,200 6'^ 8e«erve held Legal reserve 1890. Uar. 1889. Mar. 8. 9. 60.882,700 60,762,700 57,620.900 53,142,100 941,900 406,230,100 417.070.300 Inc 2S.900 3,172,7001 4.354.100 Dcr. 1 ,952,800 4 1 0,S06,200:438,770,800 Deo. 2,733,200 77,365,900| 82,976,100 Inc 504,300 25,547,0001 35,*JB4,bOU Dec. 3,237,50o'l02,9l 2, 900 118,211,000 Dec. 488,200 102,701,5501 109,692,700 .. 404 823.700 Inc. disc'ts Circulation Ret deposits Specie Legal tenders Prtv. week. 3 523.500 412 473.300 78 567,800 35 431,500 'u3 999,300 | loa, 118,325 teT>lU8^eBetTeJjlj0^O,975jDec^,749,3Oql___2 1 1,35^1 ^8,548,300 Foreign Excliange.— The demand for sterling bills has been very inoderate and the market has been exceedingly duU.witli an easier tone, though quotations are but little changed. Noengageraonts of gold for export are reported this week. Actual rates pre: Bankers sixty days' sterling. 4 853^.44 85>i> demand, 4 88(g4 883^ cables, 4 8814^,94 88^. ; ; Posted rates of leading bankers are as follows: March 13. Prime bankers' sterling Wilson London Prime coniraerciuV Docuuieniary commercial itB.sao| uo,«oo u.. «7,9S0 47,»S0 eoT.nno' 807,000 Sixty Dayt. Demand. 4 36 4 89 4 84 «»4 34% 4 83%<*4 84 4s, 1891 reg. 1891. ...coup. 1907 reg. Do stamp'd Int. pd. 4s. 1»«7 coup. Do BX-cp. to J'ly,'91 68, 68, 68, 6s, 6s, AmA'M oloeing prices at the N. Y. Board have been as follows! InUrttt Mar. Period! 7 4I«8, 4»««, Omf Sim iMn. « Ptr O/trtafi. 8(390 to been only a very moderate busine-ia in stocks and bonds, and on some days there was scarcely enough doing to make live quotations in certain securities which are usually prominent. The reports and rimiors from abroad have done much to keep our market unsettled, although it was apparent that the London money market was not disturbed, as the Bank rate wa.s kept at 3 per cent, and there seemed to be no trouble or apprehension. The Argentine difficulties do not clear up in a .satisfactory manner, and the embarrassments in that quarter, considering the immense expenditure of European capital, have served to show up by comparison the greater safety of American railroads as an investment. If the rajwrts concerning the affairs of the Messrs. Baring were true, it was their holdings of Atchison bonds and stock which were more easily dispoeed of than other assets when it was found necessary to realize on something. iTar. 7. S3.8S0 ii8,aoo 1S0.M0 The WALL HTRRBT. KRIDA V. MARCH 13. 1M91-S P. n. The Honey Market and Financial Mitnation.—Ttiere has • It. i».. ToUI. to iTllMC4^11aneous. Amer. Hell Tpli'phoup (quar.) MlnnrKota Irtui ((|imr.) WcHttTu Union Tulegruph (quar.) Wliltcbrt'iwt Fuel 1187,700 49.400 10., •• " " Sim ISM. i>ure*'M.IPt4ew paid. 4».«M tlST.lOO 7. »., " prof... 417 our'cy,'95 our'oy,'90 our'ov,'97 our'oy,'98 A & reg. J. reg. J. reg.iJ. &. reg.iJ. * reg.'J. & cur'i)y,'99 Star. 9. I Mur. Mar. Mar. Mar. I 10. 11. 12. 13. '103 •102 '102 '102 102 'lOS •102 '102 •102 102 102 '102 120io*120»a*120'fl 12m 121 *121 •I19»a*110'«,*lini2 119%|*120 I'lao •1211s -121 ia*121ia 12Hi ^122 1*122 •11919 *119'a.*119>a 119%ri20 *120i« '111 -111 J. •111 111 I'lllij'Uli* '114 *114 i*114 |'114 114 3. •114 J, *116Hi'116i4*116is*117 ril? 117 •119 -119 •120 1*119 *119 120 J. J. *121i« "1211s'* 1211)1 *12lia'*122'g 122's tbe price bid at tbe luaraing board no nwe was made. Coins. The following are the current quotations in gold for various coins : Sovereigns $4 85 '»$4 89 Pine sliver ban.. - 99 « l-OO —92 S - 95 Five francs Napoleons 3 85 '3 3 91 X X Reicliinarks. 4 73 « 4 77 Mexican dollars.. — 78 « 80 — » — 4 75 « 4 83 Do uncommeroM 26 PeBetas —73 « 75 Span. Doubloons. 15 55 «15 75 Peruvian sols Mex. Doubloons. IS 50 -915 70 Knglish silver.... 4 80 9 4 87 Pine gold bars... par 3>4 prem. U.S. trade dollars — 77 a GoTornment Purchases of Silver. The Government purchases of silver in March are shown in the following •Tills is ; — — — — — — : Ounca Outicet offered. purchated. Previously reported 1,189,000 " 11 " 13 'Local purchases •Total In The 777,000 870,000 Price paid, 1,126,000 $0-9814 570,000' $0-98M 365,0(X) .*0-9870 « -a a $0-9875 $0-9870 $0-9905 303,000 $0-9939 « $09950 a 34,057 to date.. 2,398,057 $0-981* 9 $0-9950 purcliasea of each wcelc are not reported till Monday of month looiil week State and Railroad Bonds. The sales of State bonds have included $16,000 Tennessee settlement 3s at 70^^-71; $7,000 settlement 5s at 1003-^; $23,i500 Alabama, class "A," 103-10**^ $30,000 Virginia 6s, deferred, stamped, 8-8% $5,000 do., dethe following — ; ferred, at 9. Railroad bonds have not been particularly active, but have generally gained a little in strength of tone during the last few days. Several bonds have touched this week the lowest prices ever reached, notably the Atchison 43 at 75%, incomes Paat 38% and Reading 1st pref. incomes at 473^. Texas cific 2a mort. incomes sold quite freely at times and touched 29^, closing at SIJ^. Atchison4s close at 77J^, incomes at 40^ and Reading 1st pref. incomes at 49. Dealings have been very dull and the tone has latterly been better, the low prices failing to bring out bonds. The Louisville N. A. & Chic, consols jumped from 84 last Friday to 91 on Tuesday and close at 86}^, and it is presumed the April interest has been arranged for. & — and Miscellaneons Stocks. There has been animation in the market, and the active dealings have been limited to a few stocks. The situation of affairs abroad has been watched with much interest, and the disturbing rumors have served to keep our market unsettled. On Thursday the trouble of the bank in Paris which was involved with the Argentine difficulties was the bete noir of the day, and prevented any advance in stocks. The Western stocks and Louisville & Nashville have still been the most active of the list, and they are showing a steadier tone, with the appearances of having been Sold down about as far as practicable, under present circumstances. There was a healthier tone and more lite in the general list after twelve o'clock today than we have seen for some time, and there was an advance of 1^ to 1 per cent in many stocks. In the last hour the coal stocks were notably weak and fell off 1 per cent on Reading, about 2 per cent on Lackawanna and Delaware & Hudson and 3J4 on Jersey Central. Louisville & Nashville has been favorably influenced this week by the election of Mr. M. H. Smith as President and M!r. August Belmont as Chairman of the Board. St. Paul shows a surplus of $1,269,399 for the six months ending Decemljer 31, 1890, over and above its charges and the dividend on preferred stock, and the stock sold up to Railroad very little 54J^ to-day; Missouri Pacific, since the report was issued. is sell18^5 00 a5 IOI4 ing a trifle higher, but the low freight rates are discouraging; 40i4» 40ii. 4038-ir40'i6 Mobile Ohio is strong at 40^8, and negotiations of some sort fcankfoi t ur Hrenieu (relchniarkstb'nkers _».5i9« 95>4| 95%a95''e The following were the rates of domestic exchange on New are said to be pending with tno roads north of the Ohio; Richand rose York at the undermentioned cities to-day: Savannah, buying mond Terminal had a little spurt of activity to-day, has been tol81^, closing at 17 J^. The unlisted department par, selling h^ to }4 premium; New Orleans, commercial, 35c. at 75V4, against 73;''^; per 81,(X)0 premium; bank, $1 00 per §1,000 premium; Charles- unusually quiet this week. Sugar closed ComLead at 19, against ISJ^; Cotton Oil at 21, against ao?^. ton, buying 1-10 discount, selling i.g premium; St Louis, 75c. stock Tunnel stock and bonds were stronger on the payment per $1,000 premium Chicago, 75c.' per $1,000 discount. of two coupons on the latter and the stock sold to-day at ro United States Bonds.— Prices remain steady. Purchases 19-20. Silver certificates have been more active than most o Aii per cent bonds by the Treasury, under. the circular of other things, and close at 99%, against 97;g Ust week, on ttm Oct. 9, have amounted to $12,198,800. The daily purchases smaller stock on hand. Paris li.inkers (francs) Amsterdam (guilders) I 5 I9'9a>5 hankers ; & THE CHRONICLR 418 NEW YORK STOCK EXCHANGE—ACTIFE STOCKS [Vol. LII. for week ending MARCH 13, and since JAN. I, 1891. HIQHEBI Aim tiOWEST PRICES STOCKS. Saturday, March Active RR. Stocks. AteWson Top. & Santa Fe Pacific Canadian Pacific Canada Soutliern Central of New Jersey Central Pacific Cliesapeake Do Do & O., vot. tr. cert. do do pref 1 St 2d pref & Alton CMc. & Atl. bcnef tr. rec Chicago Burlington & Qulncy. Chicago & Eastern Illinois. Chicago , . . . . 25% 25% 25% 75i« 75 9OI2 91 SI'S 5276 Chicago Milwaukee & St. Paul. pref. IO9I8 10918 Do IO2I3 103 14 Chicago & Northwestern £'*' Do pref. •132 Do pref. Cleve. Clncln. CMc. & L. St. Do . pref. 6338 23% 2312 81 59 96 pref. & Ga Do Do Ist pref 2d pref. Evansville * Terre Haute... Great Northern, pref lUinois Central Iowa Central Do pref. Do pref. Lake Erie & Western & Mich. Southern. Island Louisville & Nashville Loulsv. New Alb. & Chicago.. Manhattan Elevated consol. Mexican Ccutral Michigan Central Jjfike Shore Long , Milwaukee Lake Do Minneapolis Do 8h. & St. 5613 7% '58 pref. Do pref. Mobile* Ohio 16% 110 2458 91 52''8 53% 53% 54% 24 80 58% 60% 22 22 80 75 •94 96 •75 59% 60% -93 96 26% 26% •25% 26% 1658 565e 16% 166e •16% 17% "56% 56% 57% 57% 7 *81 9013 8e eiH '513 7 23 *19i3 ISHi 51>« 82 90 7 62 17 113 82 5 2014 91% 5 20I4 7 '55 •15 110 •82 •90 •5% 19 55 55 55 108 IO914 108% lOS'e *87 89 71% 72% 17 102 *20 9II3 '4 *9 •Ilia 17 102 21 911s 82 105 5 IOI4 121* •19% 20% 65 Soht '15% 17 pref. pre! 2914 •49 & pref Paul Minn. & Manitoba. Southern Pacific Co St. 21% 18 30 52 16% 171* 70 71% •34 Do pref. •69 KomeWatcrtown & Ogdensb'g 107 125 et. Louis Alton & T. H.. pref & & Do 18 65 •13% 16 Elo Grande Western St. L. Ark Tex., trust rec. St. Lou. San Fran., Ist pref St. Paul Duluth •86 89 71% 73 18 102 18 102 25% 35,283 50 116% 29% 17% 52 3078 127 12 7773 45 92 •80 104 •4 82 105 5 36 72 115 •6% 111 7 21 20 55 26 '15 •15 65 •20 17 18 65 21% 18'8 We 1778 •57% 58% 62 '55 15% 15% 113 82% 82% 92% 92% 5% 0% 20 133 131 135% 577e ' 7 6% 26 85 75 59% 59% 60% 95% '90% 94% 26% 26% 26 6% 62 15% 15% 113 83 92 6 '19 20 '13% 14 111 83 92 6 135% '17% 17% 13358 58% 58% 658 '57 7 62 15% 15% 113 110 84 86 93% 93% -57a *19 7 20 -13% 14 72 •17 102 73 21 102 20 72% 73% 73% 7358 73% 74 20 20 20 20 19% 19% 102% 102% 102% 102% 102% 103% •19 20% '90% 93 91 91 '90% 92 80 •73 104% 104% 104% 105 101 82 82 5 80 •4 •73 81 '101% 105 4 4 10% 9 9 5 80 105 •378 •8 5 15% 15% •16 •93 101 13 63 96 *263 268 93 93 93 93 101% 101% 102% 101% 102 13% 13% 13% 13% 13 •64 64 67 66% 66% 28=8 285a 29 28% 28% *28 '18 18% 18% 18% 18% 18% 50% 50% •50 .50% 50% 50% 33 34% 34% 33% 33% 34 263 268 265 265 16% 16% •16% 16% 16% 16=8 8% 8% 8% 8% 8% 8% 32% 32% 31% 31% 32 32% 14 14 13% 13% 14 14 53% 53% 5358 53»8 52% 52% 27% 27% 27% 27% 27% 2758 72 72% 71 'a 725e 171% 72% 15% 15% 15% 16 16% 16% 19 •16 .19 65% 72 70 73 21 23% 23% 18% 19% -16 70 19 74 •16 •71 19 74 22% 22% 22 22 18 18 1758 19% 19% •19% 19% 2858 2976 28% 29% 29 29=8 30 30% 29% 31 13 13 13 16 1278 12% '13% 15 13% 13% •48 49 •48 49 •48 52 49 50 50 49% 16% 17% 17 17% 17% 17% 17% 17% 1758 18% 70 •71 71% •70 72% •71 72 72% 72 72 36 36 •70 111 125 72 111 '50 60 24% 24% '85 90 90 •103% 104% 103% 105 27% 28 13% I314 26 85 •9 '9 IOI4 9 10% •11% 12 •11% 12% •11% 12% 11% 11% •11% 12 ^ '19% 21 20% 20% 19% 19% 20% 20% 20% •20 64% 65 5g 61% 65% 65% 65% 65% 65^8 65% 66% 4078 35 36% 37 35 37% 38% 39 35% 36 '9% 11 '9=8 55 •24 -75 27% 28% 12^8 13% 1858 IS's •34 72 108 125 2314 175e 37 72 112 87 104 28% 1278 58 26 87 105 2868 I3I4 16% 17% •40 •SO 435e 22 858 " 111 •125 •9% 11 58 •24 •35% 37 •71% 72 111 60 90 445e 22 9 17 3178 71 17% 18% I914 32 71% 125 125 •9% 11 •50 •24 •85 '35% 37 •34% 37 72% 72% 71 71% 105% 108 110 115 60 26 90 9% 55 22 '85 104% 104% 108 9% 55 22 90 108 17 17 28% 2878 13% 13% •16% 17% •40 •80 4414 60 90 •40 •80 28% 29 13 13% 44% •22% 23 8% 17% 32% 71% 19% 8% 17% 32% 71% 19% 50 90 44% 44% 22% 22% •9 9% 17% 32% 32% 1778 71 71 19% 19% 21 21% -9% 11 '55 22% 88 109 60 26 88 109 28% 29% 13% 13% 17% 17% •35 •80 60 90 44% 45% *22 23 9% 9% 18 18% 31% 32% 70% 71% 19% 19% 20=8 . '..'. . . . 1,1 32%J,an. 12 6 Jan. 12 245s Mar. 300 4% 630 72% 2,720 48 5,610 106 44 29 2,000 16 450 44 1,030 29 220 127 Mar. 77 Jan. 52% Mar. 119% Jan. Feb. 31 Jan. Jan. Feb. 75% Mar. 260 41% Jan. 749 Feb. 27 Feb. 11 -Feb. Jan. 1978 Feb. 54% Feb. 34% Feb. 130 Jan. Mar. 93% 98,483 49% 3 2 9 26 9 10 10 3 Jan. 14 Jan. 20 Jan. 13 92 57%J.in. 14 3 113 Feb. 10 9 108% Jon. 14 13 138% Jan. 12 6 727s Jan. 14 225 22 Mar. 10 27 Jan. 14 55 77% Jan. 29 81% Feb. 11 9,965 58% Mar. 7 65=8 Jan. 13 150 94 Jan. 31 98 Jan. 9 610 25% Mar. 6 29 Jan. 12 3,339 129% Mar. 9 139=8 Feb. 7 90,753 131 Jan. 2 140% Feb. 9 300 16% Mar. 6 20% Jan. 12 625 56% Mar. 7 6378 Jan. 14 726 8% Jan. 14 7 Jan. 2 60% Jan. 2 66 Jan. 14 200 15% Mar. 11 19% Jan. 14 111% Feb. 5 115 Jan. 7 86% Feb. 7 2.200 72 Jan. 2,160 90 Mar. 9 103% Jan. 14 187 6% Jan. 10 7% Jan. 14 211 20 Jan. 3 24% Feb. 5 205 13% Jan. 26 15% Feb. 5 1,030 54% Mar. 6 59% Feb. 11 11,614 106% Jan. 2 113=8 Feb. 9 758 86 Jan. 3 91 Feb. 9 57,374 71% Mar. 7 79% Jan. 14 500 18 Mar. 9 27 Jan. 15 1,656 97 Jan. 2 106% Feb. 2 100 1978 Jan. 2 24% Jan. 4 120 90% Mar. 6 96 Feb. 3 280 73 Feb. 19 93 Jan. 15i^ 230 100 Feb. 18 111 Jan. 14« 6% Jau. Ifl 300 4 Feb. 26 100 9 Mar. 12 12% Jan. 141 100 1178 Jan. 7 14 Jan. lal 426 19% Mar. 6 24 Feb. Ti 9,945 60% Jan. 2 68% Feb. 67,452 26 Jan. 2 4078 Mar. 13 210 93 Jan. 21 95 Jan. 6 481 100% Jan. 22 104% Feb. 3 1,075 11% Jau. 2 14% Feb. 10 140 57 Jan. 2 70 Jan. 29 400 23 Jan. 2 31% Feb. 10 2,445 17% Mar. 7 21% Jan. 14 500 48% Jan. 7 54% Feb. 10 25,053 32 Mar. 9 41% Jan. 15 323 254% Jan. 9 271 Feb. 3 3,046 15% Jan. 2 1758 Feb. 10 1,061 7% Jan. 6 11% Feb. 17 1,220 28% Jan. 6 40% Feb. 18 570 13% Mar. 12 16% Jan. 14 396 53 Mar. 7 57% Jan. 14 9,980 21% Jan. 2 30 Jan. 14 30,229 63% Jan. 2 74 Jan. 30 710 15% Mar. 11 197eJan. 17 14 Jan. 2 18 Feb. 7 1,115 65 Mar. 9 82 Jan. 12 1,262 19 Jan. 5 24% Jan. 14 1,570 14% Jan, 7 20% Feb. 18 21,795 28% Star. 10 34=8 Jan. 8 215 12% Jan. 7 1578 Jan. 14 166 48 Jan. 6 55 Jan. 13 20,657 16 Jhu. 2 19% Feb. 7 1,400 67% Jan. 2 76% Feb. 10 170 23 Jan. 2 37% Feb. 5 965 55% Jan. 2 73% Feb. 28 2,332 100 Jau. 5 115 Mar. 4 120 Jan. 6,122% Jau. 3 10 9% Feb. 26 12% Jan. 14 65 55 Feb. 16' 70 Jau. 16 175 24 Jan. 15I 26% Feb. » 150 85 Jan. 5' 88 Jan. » 660 100 Jau. 2111 Feb. 6 3.145 23 Jau. 16; 31% Mar. 2 4,430, 1 27a Mar. 10 16% Jan. 14 1,000 16% Jau. 2: 20% Jan. 13 61 Jau. 13, 61 Jan. 13 81%.Ian. 12i 88 Feb. 16 23,630 4158 Jan. 261 48=8 Jan. 14 400 21 Jan. 2 24% Jan. 14 Jnn. 14 810 8=8 Mar. 10' 11 3,205 1678 Jan. 2' 21 Jan. 14 1,725 29% Jan. 261 35% Jan. 12 l,8ia 67% Jan. 2 7476 Jau. 14 2,095 18 Jan. 2 23% Jan, 14 20=8 20% 20% 21% 21% 21 21 21 21 46% 46% 46 47 •45% 48 •45% 49% •46 49 47 47 73% 74 73% 74% 74% 75 71% 75% 74% 75=8 75 85% 85% 85% 85% 85% 85% 85% 85% 85% 85% 85% 757a 85% Chicago Gas Co 4058 41% 41 4158 42% 4l7e 42 42% 4178 42% 42% 43% Colorado Coal & Iron 34% 35 35 <4 3558 3573 36% 36% 38 37 38% 38 38% Consolidated Gas Co. 94 '8 95 94% 95% 95% 96 9576 95% 95% •95% 96 Distilling & Cattle Fecd'gCo 43% 43% 43% 43% 43% 43% 957a 43% 45 45 44% 45% 447a Edison General Electric 100 1Q0% 103 103% 103% 103% 103% 104 104% 104% 103% 103% Jj«clcde Gas (St. l.<)uls) 16% 16% '16 19 1511 15% •15 *15 18 18 16 16 National Cordage Co., pref 100 105 105% 105% 100 100% 100 '101 101 101 105 National Lead Trust 18% 1858 18% 187e 1868 18% 185a 104 1878 18% 18% 19% 187e North Aiuerlcnn Co 16% 17% 1668 17% 17 17% 17% 18 17% 17% 17% 18 Oregon Improvement Co "24 26 •23 26 24 24 "24 24 25 %• 25 25 26 Pacific Mall 36I4 36% 36% 37% 3658 37 37 37% 37% 37% •37% 38 Pipe Line Certificates 5 76% 76=8 76% 76% 76 7678 74% 76=6 73 74% 72% 74 Pullman Palace Car Co 190 190 189% 193 189% 189% 189% 193 189 190 190 eilvcr Bullion Cerilflcates... 98 98% 98% 98% 98% 9868 9858 9876 189 9878 995t 99% 99% lennesseo Coal it Iron 3414 34% 33% 34% 34% .S4% 35 •34% 35% 35% 35 35% '82 87 •82 •82 85 85 •85 90 Xyettem Union Telegraph ... SO 80% 79\. PO «0% 80% 80% 80% so% SOL. SO 81% S.600 .•aaweeweuie Prices MdM4Mkedi wa»i9m»l9 j ^rceattombgiUBxekang*.,. | Lowest is ex Oivl lent Do pref. Am. Sugar Ref.Co.,temp. ctfs. Do pref., temp. ctfs. Highest. Lowest. Shares. 55% 55% 55% 55% •55% 56% 55% 55% 108=8 109% 108% 10878 109 109% 108% 109 89 88 88 86% 86% 86% 86% -86 •20% 20% 20 •90% •90% Texas* Pacific Toledo Ann Arbor & N. Mich. 16-B 167s '16% 17% •45 Toledo & Ohio Central '45 80 60 •80 Do •80 90 pref 90 Lnlon Pacific 43 14 44 4358 44% Union Pacific Denver & Gulf 21 21 '20% 22 Wabash 9% 9% 9 9 1758 17 17>4 17% pref. „„ I>o wheeling i Lake Erie 31% 32% Si's 32% Do 7058 70% pref. 71 71% WlscouHin Central Co miNCellaneoiiH Xtocki). Amtrican Cotton Oil Co 5778 •55 13% •13% 13% •13% 13% •13% 14 •15 Ohio Southern 65 Oregon R'y & Navigation Co. Oregon sh. Line & Utah North •20 18 Peoria Decatur & Evansville. Do 24 75 59% 60% 59% 95% 95% 95% •25 26% •25 130% 132% 133% 135 134% 17% 17% •17% 7 64 17 113 84 93 . Do 45 92 47 92 45 90% . Klchmond&WestP'tTerminal 47 90 45 . Phila.&Rea<l., vot. trust, cert. Pittsburg Cinn. Chic. & St. L. 13. 5% •92 96 95 96 92 N ashV Chattanooga&St.IjOuls *93 New York Central & Hudson IOII2 101% 101% 101% 102 102% •12 12% 12% 12% 13 13 New York Chic. & St. Louis •60 •61 67 65 65 Do Ist pref. •64 27% 27% 28 28 Do 2d pref. '26% 28% New York Lake Erie & West'n 17% 18ie 18 I8I4 18 18% •48 50 14 50 14 50 Do pref 33 34% 32 33% 32% 33% New York & New England New York New Ilav. & Hart. 268I4 268I4 '265 270 265 265 16% 16 New York Ontario & Western 1558 15'e 15'8 16% 8I4 8% S% 8% •8% 9' New York Susquehan. & West. •3114 3214 '31 14 32% Do 32 32 pref 14% 14% •13 Norfolk & Western 14% "14 14% '52% 53% 53 53 53 Do 53 pref 26% 27 26% 2714 2678 27% Northern Pacific 71 71% 71 "4 7214 71% 72% Do pref Ohio* Mississippi March 7558 47 •21 -75 •55 16% •15 >110 113 6412 3514 Missouri Pacific 11. Week, Friday, 4T8 25% 7% -80 pref. 101 Mo.K.&Tex., ex 2dm. bends. March Range of sales In 1891. Sales of the Thursday, March 12 75% 49% 90% 90% 52% 53% 64 & West. Ix>uls 10. 1301s I2914I3OI4 I3014 130% 134% 133% 134=6 133 131% . Do March Wednesday, 83 Jan. 53% 5378 5378 55 99,347 50% Jan. 109% 109% 110 110 '110 111% 110% 110% 1)1%112% 2,100 105% Jan. 102% 103% IO214 103% 102% 103% 1U278 103% 103% 104% 13,438 102% Mar. 135 135 133 133 395 133 Mar. 133% 135 65% 64% 65^8 65% 66% 65% 657e 65% 6658 49,022 63% Mar. 64% 64 '22 21 •21 *75 58I4 •94 *25 Columbus Hocking Val. & Tol 129I1! Delaware & Hudson Delaware Lackawanna iWest 133% 16^8 Denver & Rio Grande . East Tennessee Va. •4% •46 . . Do Chicago Rock Island & Pacific. Chicago St. Paul Minn. & Om, Tuesday, 25% 2478 2514 25 25% 2478 4% 4% 4% 5% 5% 5% •4% •75% 75% 76 75% 76% 76% 7558 75H! 48I4 49 49% 49% 49% 4968 4958' 50 49 48 113 115% 117 113% 114% 115% 117 112% 114 114 115 2914 29% •28% 29 29 '28*1 29% •28% 29% •28% 2914 18 17% 1753' 17% 1758 176e •17 I6I3 16% le's 1714 50% 50 50% 50% 50% •49 •48 50 '4813 51 51 29% 29% 30 2914 30 30% 29 '28% 30 *28 31 '124 '124 126 124 127 124 127 126% 126% 124 126 •10 '10 *10 12 10 12 12 •10 •10 12 12 77% 76% 75% 7612 75% 77% 76% 77=8 7678 77% 77 25J4 & Atlantic 7. Monday, March 9. 2 1 MARcn THE CHRONICLE 14, 1891.] 419 NEW YORK STOCK EXCHANUE PRICES (ConUn\ml)-iyACTl7E STOCKS. Xar. iNAcnTE Stock?. Ask, Bid. IndlratcB unlisted. II Sange 13. {lalei) Lowett, in 1801. Pittabnrt; Alhuiiy & 100 35 100 180 Hii8qu«liaiini» 93 Atlniittt&CliiirliiHo AlrL1I....100 125 B.Olpvlllp A South, ni. pref Hi.ston A N. Y. Air Mue pref . 100 101 Brook Ivn Kloviiledr 100; iOh 100 135^ Pitts Uiitriilo" Kocbc8t«r 100 t'?"* Prpfema Burl. Codivr Rniilds <fc Nor lOO, 20 Ciiliforula PacllfoH .....100 11>b 100 5>4 C'i'dnrFnIlsA Minnesota Clov.-lniul A IMtlsburi? 50 U50 ColumWa A Uri'pnvllle pf 100| lOOl 4>9 l)i>» Moines A Fort Dodge . A Atlan.lT Pr<^ferrO(11I 100 100 100 100 100 15 A No Mar. 3\ Mar. 7 148 Feb. 5 152 50 J31 100 *175 5% 90 97 13 2 15 4 7 100 100 100 Feb. Jan. Jan. Jan. Jan. Feb. 5 Jan. 143 Jan. 104 Jan. I7I4 Feb. 6 Jan. 149 Jan. 8 .301a 63 18 85 105 40 2819 I4I9 II6 lOOi lOOl 79% 16 SuKar Refln. Co. trust rect8.'i..l00 15 Texas Paciflc Land Trust 100 17 U. 8. Express 100 t68is Wells, Fargo Expresii 145 ..100 135 1 SECURITIES. 1906 95 1920] 104 Currency funding 48 Arkansas—«)8,fuud. Hoi. 1 899-1900 H l.W 4 1914 105 do. Non-Holford! — Stamped 49 Mlasouri-Fuud New York KR { 91% | 1894-1895, 104 City Bank Statement for the OapitoL Survlut. Bank New of Manhattan York... Co.. Merchants' Xechanics' America. Thenlz. City Tradeamen's . . CbemlcU Merchants' Exchange eallatln National.... Drovers fiatebers' A leehanlcs' A Traders Greenwich Iieatnet Mannfact'rs. Seventh National State of New York.... American Exchange.. Commerce Broadway Jfercantue , Paciflc Bepubllc Obattaam Pewles' , Hoith America Banover 760.0 300,0 600,0 1,000,0 300,0 200,0 200,0 600,0 300,0 1,200,0 6,000,0 6,000,0 A Fulton Nicholas A Leather Market Shoe Com Kxchange ConUnentul A Traders' Park East Hirer Fom-th National 2)7.!l 6.909.4 8,488,0 14.'^23,4 in all eases. L626,7 *22,7 1,600,0 460,0 200,0 700,0 400.6 5.368,5 8.0^4,0 2,394,7 10,819,8 6.1,56 6 2,308.0 3,103 8 13,404.7 2,962.0 2,978,9 2,832.2 3,791,6 1,873,5 2,710.0 6,369,2 1,326,8 2,100,0 21,444,0 21,988,7 1.173.3 17.967,4 7,159.0 i,3V4,0 6.017.2 23.747,5 3.431,0 1,438.7 3.406.0 2,729,3 2.821.9 10,550,0 4,357,3 2,879.8 2,489,1 3,980,1 8,725,5 3,02.'i,7 735,(i 301,5 661.4 1,607,4 303,2 427.2 208.2 732.9 122 5 2«7 4 1,1787 !)04 8 400.7 4,9.17,8 2,485.7 142.6 1,7'.'8,0 6(!5,7 324,5 313 8.653,3 «0.0 141,3 483.0 537,4 262,9 938 767,5 4899 453,8 600 5 308.8 331,5 289,8 609,4 252,2 174,3 S93.2 263,7 776,3 _ 3.3.'59.2i 1,790,91 4.3t>6,0 1,794,0: 4,114.0: l,498.0i 10,154,5 3,650,0 Letatt. S 1,070.0 193.0 600.0 600.6 703,0 1,501,1 314,0 1,238,0 237,5 6,469.7 l,8U8.<i 628,3 418.8 292,0 822.0 l,9;tf),8 9.=^3,3 « 1,820.0 1.764.0 1.322.8 1.474,0 2,053.3 6,861). I 2,087.0 1.157.4 2,681,4 1,224,9 3,447,1 17,506.0 131,3 687.0 88.0 468,8 Sptcit. t>,663,l 2,113,5 21.750.5 3.407,0 6,233,9 1,001,7 588,1 62,2 220.0 224,0 154,0 127,6 356.2 498.0 63,1> 310.2 335.9 268.4 983.0 4,014,0 782,1 2,81.5,2 318,5 991.3 974.8 1,649.2 256.2 400.7 1,498.9 1,628,4 684.8 999,1 179,2 231.4 407,7 660,2 3,325.2 1,071,3 30.5,2 460,1 636,1 148,1 391,3 808,2 779.6 828,5 191,5 156.6 301.0 673,0 842.2 181.0 281,6 1,046.8 333,2 181,6 3,5J2.n 2,300.0 4,483.4 1,888,3 128,8 185.1 3,398,2 1,196,5 272,0 1,951,0 47,0 1,321,0 231,5 657,0 840.1 4,611,7 339,5 669.6 90.B 256,0 195,0 «00,0 128.3 810,0 86,1 £13,9 2,086,5 1,153,3 145,4 l,0l7,',i 699,7 131,1 9.5,8 484.9 64.0 1,0'26,7 302,2 1,051,4 J88.5 682,6 419,5 228,2 298,3 1,017.0 239.0 230.0 398.9 848,0 20O.0 188.0 1,045,2 1.226.4 175.0 799,0 DtvoHU. Feb. 15 Jan. 24 14 Feb. 123 Feb. 82 Feb. 101 Is Mar. 15 Mar. 21 Jan. 10 Jan. 26 Feb. 721s Mar. 79 Jan. 15 Mar. lO^s Jan) 1031s Jan. 107 Jan. 26 Jan. 231s Mar. 50 Feb. 60 Jan. 16 15 16 17 Mar. Jan. 73 73% 38 O^ij Mar. Mar. 81 76I9 42^8 12 Feb, Jan. 39i« Mar. 44 FelL 23 Jan. 38 6''8 514 Jan. 38 Jan. 40 56''g Jan. 89^8 14 Mar. 16H 65ieJan. 70 137 Jan. 145 23 34 Mar. Jan. Jan. Mar. Jan. Jan. Jan. Feb. Feb. Jan. Feb. Feb, Jan. Jan. Feb . 13. SECURITIES. Bid. 96 Ask. York. Feb. 7... " 14... Comi romise, 3-4-5 -6fl New 671s 1912 71 1913 102 1913 99 1913 71 settlement, 6s 58 3s 100 102 711* Virginia—68, old 68, consolidated bonds 6s, consolidated, 2d series, rects. 6s, deferred, t'st rec'ts, stamped 8ifl Boston and Philadelphla'Banks City, Captlat (X ^urpliM. Loan*. L^oalt. Specie. $ » 132,495,5 397.802,0 88,810,1 132,495,5 401,964,1 132,49.5,5 403,522,1 13"2,495,5 403,881,8 133,649.9 404,823,7 JiepotiU.i ^l«Y.t*n Cltarimtt. 9 9 88,385.9 83,909.4 81,301,0 78,667,8 3.5,518,,4 418.; .31.3,3 3.407.1 663,491,1 !.9'.7.6 3.534.4J80I1.74»,» 34,838,,2 418.i '.,562,7 3.540.3 950.306,3 35,804, 3,410,! 35,935,,8l414.< 1.426.1 3.49«.6 483,439.8 35,431, 5 412,473,3.3,523,5 6'20,593,3 '• • 21... " 28... 11,530,0 10,868.0 Mar. 7... 6,968.9 H*atan.< 7,330.0 Fob. 21... 498,0,3,261.0 89,360.5 66,842.9 155,252.9 9,768,0 4,625, 8 138.498,0,3,261.0 •' 13,995.2 28... 935,9 3.228.1 73..S35.7 65,842.9 154,369,4 9,736,9 4.362, 11128.935,9 4.447,0 Mar. 7... 908,03,243.6 90,756,3 66,343,9 ]54,37'2,1 9.867,4 3,820, 1 126,908,0,3,243.6 13.702,1 Pkila.2.007,3 Feb. 21... 25.550,0 489.0 2,181,0 62.541,3 36,793.7 97,262.0 " 23.739,5 28... 35,793.7 86.679.0 25,396.0 289,0 2.173,0 64.961.9 3,989.7 Mar. 7.... 437,0 2,171,0 65,019,5 36,793,7 95.992.01 25,609,0 4,478.5 • Wt OfrtU tioo eiphtrt in alt thai Hqutu, Inoladlng, for Boston and PhL'a t 1.878.6 daiphla, the item " due to other banks.*' 2,120,0 1,111.7 City Railroad Securities Brokers' Quotations. 2.818.2 125 Drv Dock E. B'y & B 1.366.9 AUanUe Av., B'klyn.St'k.! Oen. M.,5'i, 1909... Ai&O 105 107 i^0rtp6a FAAlOl ICS 2,614,0 205 27 Blghth AT.— Stock. 16,850.0 Bl'ckerat. <& Ful. K. -Stk.! 24 EighthAT.— Scrip, 6s,1914 105 107 Ist mort., 78., ItfOO-.JJtJjllO 112 13.3:6,8 Br-dway t 7thAv.— St'k 300 205 43d A Gr'nd St. F'ry— Stt 235 343 4.333.1 107 Ist mort., 78, 1893. A&O, 104 103 1st mort., 6s, 1904 . J&D 106 8.877.1 42rtSt.Maah.A 8tN.Ave.| 37 40 Sdmort.,58, 1914...JJtJ 104 106 2,674.8 '24 104 112 B'way Ist, 58, gu 106 l»t mort, 68. 1910.. 114 11.610.9 Snd 58, int. as rent., '05. 96 100 55 2rt .5f,, lncom6,88....JAJ| 60 6,593,4 167 170 Hoast. W.8t.<t P.F'y—.Stk.|300 2,906,7 Brooklyn City— stock ioi" 1st mort., 58, 1902. .Ji&J 100 103 Ist mort., 78, 1691..J4J 100 3,864.6 B'klyucroMt'n 68., 1908 108 110 Ninth Ave 1(0 14.372,1 '106 110 103 Second Ave.—Stock 2,988.0 Bkn.C'y.tN'u5»,ly38 JAJ 100 106 1st mort., 5s, 1908. KANi lot 3.038,3 Antral Crosstown— St'k.. 160 ,225 Ist mort., 8.s,19'22.M4N 117 120 Sixth Ave.— Stock 3.208.2 335" ..|275 120 Third Ave.— Stock. 3,952.9 Oent. PI1.N.& E.Riv.— 8tk. 119 Consols. 79, 1902 ...JAD 116 117 JAJ 107 ii« Ist 31.. 6s, 1937 1,782.0 140 Twenty-third St.- Stock.. 230 3.280,0 Dry Dk.E.B.4 Bat'y— Sik. 136 Istmort.^ 7s, 1883..J<fcO 103 105 106 107 1st mort., 7s. 1893 6.137.B 4,927,6 — I MAS 1 2.0,30,0 41,686.0 25.508,9 1,064.8 17,986,7 8,093.0 5,197,0 4.829.8 22.807.1 Bank Stock BAHKS. Bid. — Latest prices of bank stocks this weelc List Ask. 213 4>arioa Am. Bxoh... 1S3 Atbutj Park 214^4 Bowery 302 Broadway... 280 Batohs'AUr. 170 812 290 Central 137 155 BANKS. I Bid. 120 126 340 Ninth Irfth Ward.. 150 360 Qarttold Am. Chatham Chemical Irving. 4.60.i.x 3.245,9 2.818,3 4.087.7 4,418,1 4,133,7 2,038.2 5.074.3 1,8»K,0 4.645,0 1.260.0 9,030,7 3,699,0 Oontinental 138 Com Excb... 'J49 Deposit...... 110 Bast Kiver.. 160 llth Ward... 200 140 265 120 PifttaAve.... 1700 300 Fifth Urst a 2000 First N., 1. 105 liUi street.. 174 116 Vii' 170 Leather M fa' Lincoln Manhattan... MarketA Foi Meohaaics'.. Jfohs'ATrs'. N.Y.NaLKx. 132 170 N. America.. 167 North River. 2i6" Oriental J 80 Paolflo.. S70* Park 270 People'a, Phenlx... 190 245 300 179" 226 200 200 aCeroantlle... 230 210 325 ICercbanta'.. 166 163 MeroIi'MBx. 123 136 .... Pimluce Ex. Ropubllo Seaboard Second ... Seventh 335 38U 116 165 167 825 126 SboeALeatb. Metropolitan 120 State of N.r. 107 108 Thlrtl.. Metropolis... 400 Tradesiaoa'a. Morria .. Marray HIU. 300" ait. Veorth Bid. Qennan Ex. 320 2.5'38.4 350 400 425 4600 4900 460 City 165 175 Olttsans' Columbia 250 Commerce.. 196 199" 1 N.Y. Coanty.iOOO Clerman Chase BANKS. 1 32J 12,14M,7 IM Ask. 310 360 9allaUn 300 Gtormaula Green wloh... 140 35U Hanover Had. River.. 126 Im. A Trad's' 540 3,3liJ.5 1,367.7 2,637.0 3.1H7.0 '60.672.7 62.977,2 404,823.7 78.867.8 35.t31.6 413.473 3 ' Banks. !f. 4,777,0 19.'i07,7 3,200,0 2,000,0 800,0 Ninth National... 750,0 First National.... " 600,0 Third National 1,000,0 N. Y. Nat'l l^xchange aoo,o Boweiy 250,0 New York Connty.'.'.'! 200.U Oerroan.Amorlean. 760,0 Chase Nitional.. 600,0 Fifth Avenue.... 100,0 Oenuan Exchange.." 200,0 Oerniuuia 300,0 cnite.1 states...;;;.'."; 600,0 Uacoln 800,0 Oarfleld 200,0 Fifth Naiionai. .;;;;;; 160,0 800,0 200,0 Beaboard.. 600.0 Sixth National.;;;;;;" 200,0 Western NatlonsL... 3,500.0 FlTit Natloual.B'klyn 300,0 Total ........ 668,8 2,427.0 98,0 6,456.5 137,6 1,493.8 302.4 l],03.i,0 1,710.0 250,0 Central National Be<:on(l National. 1,934,9 2,020,7 12.170.0 3,.572,8 1,000,0 1,000,0 300,0 1,500,0 2,000,u OrlecUil « ."i 1,4.57.8 9'22.2 1,000,0 1,000,0 600,0 600,0 600,0 760,0 600,0 500,0 ITassaa Importers' < 1,803 1,000,0 firing ^ttiens'..... St. t 2,000,0 2.060.0 2,000,0 2,000,0 3,000,0 1,000,0 1,000,0 Loam. New York week ending March UAMKS. (00> omitted.) 190 B.C. (cont.)— Brown consol.6».1893 1893-1898 Tennessee— 68, old Ask, Bid. 1893 102 North Carolina—68, old JAJ 30 103 Funding act 1900 10 low's New bonds, J. A J. ...1892-1898 20 15 Chatham RR 4 7 180 Special tax. Class 1 4 7 10 Consolidated 4s 1910 96% 97 68 1919 124 127 93 Rhode Island—6s, cou.. 1893-1894 102 South Carolina— 68, non-fund.1888 3iSi 4 We omit two ciphers (00) 7, 1890, is as follows. I4i*Jan. - - New York— 6s, loan 1006, 103 14 104 19061 10618110 Class B, 58 Class C, 48 7s. Arkansas Central liOiilslana "s, cons SECURITIES. Ask. Bid. 5 week. NEW YORK STOCK EXCHANGE VRICK^.—STATE BONDS MARCH Alabam.i— Class A, 4 to 5 Jan. Jan. Feb, 80 •« Jan. 01* Feb. 14>a Jan. Feb. 261s Jan. 3>s Jan. 142 Jan. 11 Jan. 2313 15% Jan. 121 113 Jan. 81 80 Jan. 98 Feb. l^uekovc l*h>o Lfno .... Chic Juno. Uy. A Stock Yards. 100 ' Preferred lOo! .... 85 1 00 15 Colombus A HocklnK Coal 16 Commercial Cable 100 106 109 Consol. Coal of Maryland 100 234 26 Laeledo Gas, pref 100 •50 521s I-chlKh A Wilkes. CoalTI 15 20 Maryland Coal 100 14 17 Minnesota Iron 100 173 74% National CordagcCo $79% 76>S| National I.inscedOll Co 100 139 le New Central Coal 100 :io Ontario Silver Mining 100 140 Pennsylvania Coal 50 260 Phila. Natural Gas 50 Postal Teleffraph — CableU 40 Qnieksil ver Mining 100 t5% Pre f erred 100 37 40 5 1481s Mar. 110 Mar. 21 Feb. 8 Jan. I5214 Mar. 39 Mar. 183 Jan. 100 American Tobatico Co., pref ...100 JlOl Urunswiek Company lOOi }15 Jan. Jan. Jan. Jan. Jan. Jan. Jan. niglUMt. 15 Am. TelcKraph A Cable Jan. Feb. Feb. Feb. 801s 9 t8 | 241s Feb. 84 Jan. 8% Jan. 8 "a Jan. 2^ Feb. 92 Feb. 16 Feb. 3 Feb. III3 Feb. Mar. 28 55 15 871s 85 100 105 36 20 12 6 15 Feb. 5»« Feb. 12^ Jan. 18% Jan. 28 179 9 189 Ifllacellaiieoaa Stoeka. Adams Express 100|tl49l» .\mcrican Cattle TrustIF A nierlean Cotton Oil truat rec.lOO,' 122^ Jan. Lowat, 10<> VlrKlnla.Miilland Mar. Jtaiv<(M(«fl<iil891. A«k, 60; Amcriean Express 5 12 2 Jan. 901s Jan. 14 Mar. 1 Feb. 7 Jan. latest price this 30 ij Feb. 775t Mar. 25 Feb. ! 4>8 Feb. 6»« 22 3 Texas price Friday; 22 35 14 evi Jan, 6ia Jan. Preferred * Jan. Jan. 78 100 50 75 50 90 Memphis & Charleston 25 Mexiean National 100 Morris A Essex 50 100 N. Y. l,aek. A V.'sstem N. Y. A Northern pref 100 la's Penria A Kasleni 100 5 Pitts. Ft. Wayne A Chicago.... lon ;151 Mahoning Coal 86^ 20 77\ 74 10 lOOj A Western Preferred Rensaelaer A Baratora Joseph A Grand talaud Louis Alton A T. H Houth Carolina Toledo Peoria A WestemU Toledo St. Louis A K. CltyH Fob, Feb. 1103»9Feb. 7 50 Kinsston A Pembroke Evans. A 8t. Lo., cons. 100 Louisville St. L. 100 7* 2 Loiilsv. Bid. Ht. Ht. 14 12 167 Feb. 28>a •Ik Fliut A Pore Marquette Preferred Gairgia PaclfloU 100, Graan Bay Win. A St. P8Ul....l00! 100 Botu'.ou A Texa.s Central Iliinoia Central leased lines.. ..100 Kanawha A Mlelilnan 100 Keokuk A Ucs Moines 100, lOO! Pn-forred Preferred 167 . . & rrrferred Duiuth 8. Shore 170 05 Indiealen aetuat moUm.) JTop. 13. iKACTiTB Stocks. V Indicates anUated. Bighftl. HallrnBd Stocks. Alnbamn A Vl.kl.urKU (t 16U York... 340 Nassau Now St. Nioholaa. 80 Uult'dSlatw 300 100 Weatara... West Slda. 300 Ask 140 160 iff" iia" iif iSi" 160 123 113 US lOOH I THE CHRONICLE. 420 iVou BOSTON, PHILADELPHIA AND BALTIKOfiE STOCK EXCHANGES. Sales ^P" Sbare Price* — not Per rentum Prices. March Tuesday, Monday March 9. Saturday, 25% Atch. T. & 8. Fe (BoatonJ.lOO -iH •• 100 Atlantic <& Pac. Baltimore & Ohio (Bait. J. 100 *85 " 100 let preferred " 100 1131s 2d preferred 7. 2514 25'8 March 2578 458 82 1 181-2 7638 5278 36 37 36 37 761a 77I4 5258 531a 50 I8I4 IfeH 82 23 82 8214 82 23 82 '75 79 211a 4414 501* •42 5018 44 23 83 21 2014 32% 501a 20^8 331s 66I4 2679 711* 261a 7II4 March Prices of Atlanta & 27 27% 7178 7214 51% 814 5612 47% 48 20 {Bait.) " (Bait.) Preferred * Roanoke. {Bait.) lat prefer^id , WestEnd '• .{Boston). Preferred •• West Jersey WMt Jersey 4 Atlan. WoBtern Mjirylaud.. Wmn. Col.* Augusta WUmiugt'n * Weldon 21% Mar. 514 160 88 199 176 51 16% 16% 18 18 1768 176e 82 83 23 76 21 83 83 23 "76"" 2J 4968 27 14 72 108 108 66I4 ""2''7% 27 14 72 14 72 I6714 167% 167 51 51% 51 28 28 •229 258 •8% 8 195% 196% 197 4114 I5I4 "2"i% 44 44 49% 49% 4958 140 20 20% 20% 3314 197 41% 41% *15 3368 108 66 14 167 51% 51% 29 30 "14% 15% 8% 167 15% '229 8 197 197 45 230 '50% 51 1714 17% •19 20 20 46% 4678 5OI4 50 J4 46% 46% 50% 50% 17% 17% 17% 17% 19 20 25 25 2178 2178 was made. X 50r 55 49% 77 50' 50' Ask. 1| 4278 25I4 43 2514 '21% 22 Ex dlvid end. 43 43 8 200 19 I77e 2514 2514 42% 42% 25% 25% 21 21% *21% 21% Bid. Inactive stocks. Jan. Mar. Jan. Mar Jan. 1221 43% Mar. 859| 49 Jan. 140 Jan. 9.8401 19% Mar. 32% Mar. 803 102% Mar. 65% Jan. 21% Jan. 9,7681 635e Jan. 54 105 3,632 50% 114 28 34,811 14% Mar. Jan. Mar. Mar. Feb. 42 Jan. 23 225 Jan. 209 7% Jan. 46% 465e 50% 50% 1758 Mar. Jan. 3,680 41% 41% 137e 14% 41% 41% 14% 15% Mar. Jan. Jan. Jan. 514 Feb. 4% 44 Jan. Jan. Jan. 7573 Mar. Jan. 165 82 20 '"'li' 76 100 17% 3,432 "51'" Mar. 260| 1763 Mar. 27% 27% 71% 7178 •65% 66 7268 '257% 260 260% '257 260 '55 55 56% •55 56% •54 47% •47>4 48 47% 47% 47I4 47% •47% 48 •47% 48 47% 47% *47% 48 20 12,057 13,7(10 6 1 152! 41 5,195 27% 230 145 260 19 16% 155 34% 51 20% 34% 34% 107% 108 *50 *47 46% 46% 97 192 47 173 129 198 "i"8"6; •20% 43% 43% 4978 113 23% 19 19% 2OI4 33% 33% *05 41 82 23 78 21% 105 36 Highest. 10 4 7 6 12 6 12' 93% 471 tl84 Jan. 29 220 2,387 39% Jan. 21 44% 2,768 13% Jan. 2 17 72 246 Jan. 3 263 49% Jan. 27 55 60 45% Jan. 7 49 24 4658 Jan. 18% Mar. 46% Mar. 20 50 Jan. 1.232 3,015 2,405 12% Jan. 21 Jan. Mar. 10 Feb. 5 Mar. 13 5,15"5 (Ex rights. 41% 396 25 2,360 50 24 48% 52 19% 89% 49 26 23% Jan. Feb. Jan. Feb. Feb. Jan. Jan. Jan. Feb. Jan. Feb. Feb. Jan. Jan. Feb. Bid. Bonds. Ask. 32% Jan. Jan. Jan. 130% Jan. 113% Jan. 3 205 Jan. 12 183% Feb. 2 209% Feb. 2 20% Jan. 2 40 Feb. 7 93% Jan. 2 57% Jan. 13 51 Jan. 28 24 Jan. 4 7 Jan. 13 20 14 Jan. 7 169 Jan. 9 85% Jan. 5 25 Feb. 12 85 Feb. 2 23 Feb. 12 46% Jan. 5 51 Feb. 13 146 Feb. lOi 24% Jan. 9 4168 Jan. 9II6I4 Jan. 5 66% Feb. 2 2968 Jan. 2 74 Feb. 5,168 Jan. 2 52% Jan. 10 32 Feb. 10173, Jan. 658 Jan. 5 26 48% Jan. 5,230 Feb. 2 9 Feb. 458 Mar. 10 85 127 10! 44% 44% 4214 12 2fr 17 20 5 13 19 2 13 14 9 5 6 IB 15 5 10 13 10 9 3 11 14 15 15 6 1» 10 ft 14 10 7 12 12 5 II 14 26 14 9 27 14 7 9 10 9 17 10 31 5 7 Ask. 1919, Var 111 1 913, J&D 3% 3% Collat. Tr. 4% g 94 1178 12 Pa. & N. Y. Canal, 7s. 1906, J&D 120% Consol. 5s 1939, A&O Bonds.— Boston.— At.Top.&8.F.100-yr.4g.,1989, J&J Perkiomen, Ist ser., 58. 1918, Q— t'.'.'.'.'.'. 76% 8 100-year income 5 g., 1989.8ept. 40% 4058 PnUa.& Erie gen. M. 5g.,1920, A&O 112%' Burl. & Mo. River Exempt 68, J&J ill3 98% 1920, A&O 113% Gen. mort., 4 g Non-exempt 68 Phila & Read, new 4 g., 1H5.S, J&J 1918, J&J (105 79% 79% ,1 50 Plain 48 Ist pief. income, 5 g, 1958, Feb 1 4K 1910, J&J 87 Chic. Burl. & Nor. 1st 5,1926, A&O il00% 25 2d pref. income, 5 g, 1958, Feb. 1 32% if" il 2d mort. 6s 3d pref. income, 5 g, 1958. Feb. 1 26 1918, J&D 1100% 101 27 Debenture 6s 1896, J&D ,100 101 2d, 78 1893, A&O 109% Chic.Burl.&Quincy4s..l922,F&A Consol. mort. 7s 1911, J&D 87 i'so" 88 170 Iowa Division 4a 1919, A&O Consol. mort. 6 g 90 1911, J&D 116% 92 Chlc.& W.Mich, gen. 5s, 1921, J&D 92% 93% Improvement M. 6 g., 1897,A&0 105% 60 Consol. of Vermont, 5s. 1913, J&J it8s% Cou.M.,5 g.,8tampcd,1922,M&N 101% 101% Current River, 1st, 5s. .1927, A&O Phil. Wilm. & Bait., 4s. 1917, A&O 100 Det. Lans. & Nor'n M. 78. 1907, J&J Pitts. C. & St. L., 7s.... 1900, F&A 115 111 67% Eastern 1st mort. 6 g., 1906, M&S >122 Po'keepsie Bridge, 6 g.l936, F&A 40 47 pree.Elk.&M.V.,lst, 68.1933, A&O )l Schuyl.R.E.8idc,lat5 J&D g.l935, tl05 124 Unstamped Ist, 68.... 1933, A&O 115 116 8teubeu.&Iud.,lstm.,5s. 1914, J&J t United N. J., 6 g 1 894, A&O 106 S-9:'i*JP""8-ls*,5s-,1925,A&0 100 K. C. F. S. & M. con. 68, 1928, M&N 107% Warreu & Frank., l3t,7s,1896,F&A 107% K.C. Mem. & Bir.,1 8t,58,1927, M&S Bonds.— Baltimore.— 90 , . K.C. St. Jo. & C. B., 7s. .1907, J&J (117% Atlanta &Charr, 1st 78, 190'(, J&J 119% 120 L. Rock& Ft. S., lst,78. 1905, J&J Income 6s 1900, A&O 104% 106 Louls.,ET.&St.L.,l8t,6g.l926,A&0 Baltimore & Ohio 4g., 1935, A&O 101 102 2m.,2—6 g 1936, i&O Pitts. & Conn., 5 g...l925, F&A' 107 jl09 Mar. H. & Ont., 68 Staten Island, 2d, 5 g.l926, J&J 1925, A&O Exten. 6s Bal.&Ohio 8.W..l8t,4%g. 1990, J&J "'94%: "g'lj" 1923, J&D 100 ,o^. 120 Mexican Central, 4 g... 1911, J&J 70% 71% CapeF.&Yad.,Ser.A.,6g.l9l6, J&D 103 103% l^t<'<'"isol.lncomes,3g,non-cum. Series B.,6g 1916, J&D 102 34% 102% "oo-,-' Series C, 6 g 1916, J&D 102 §?!* »^4"?°5?'- incomes, 3s, non-cum. 102% 21 *^-^"«l8t,7s, J&J Cent. Ohlo,4%g M&9 101 1905, .120 1930, 120% «n^n^-,\' B9 Istmort. 6s 1905,J&J 115% Charl. Col.&Aug. Ist 78. 1895, J&J 108 l'<)8% 39 2dmort. es.j* 1902, F&A 101% 103 Ga.Car. &Nor. Ist5 g.. 1929, J&J 102 102% 2d morty scaled, 5s... 1902, F&A North. Cent. 68 1900, J&J 114 114% Ogden. & L. C, Con. 6r. 1920. A&O >tl04 103 6s 1904, J&J 115 116% Inc.6s 1920 ;t Series A, 58 1926, J&J 108% Rutland, 1st, 6s i'962, .M&N 4%s 1925, A&O 104 Oxf.&Clark.,lnt.gu.,6 g.l937,M&N 101 1898, i&A Iib6% 102 'c?"-j Piedm.&Cum.,l8t, 5 g. 1911, F&A 102% Alleg??n"^.V^.':7^y»lt'?l'a?;j&J 109% Pitts.&Conuells. Ist 78.1898, J&J ^Atlantic City 1st 58, g., 1919,M&N 104 :i: % i05% Virginia Mid.. Ist Us. ..1906. M&S; Belvidere Del., Ist, 6e.. 1902, J&D 2d Series, 6s 1911 M&S 115 116 Catawissa, M 78 19OO, F&A 113 3d Scries, 6s 1916, M&S 107 Char. Cin.& Chic.lst 5g,1947, (D— 4th Series. 3-4-5s 80 1921, M&S Clearfield &Jeir., Ist, S.192'7, J&J i'ls" 5th Scries, 5» 1926, M&S 99 '100 £"n"f«=Uiig. 68 1900-04, M&S West Va. C. & P. Ist, 6 g. 19 1 1, J&J 108% 109 Del & B'dTlr'k, ist, 78.1905, F&A West'n N.C. Cousol. 6 g.l914, J&J 112 lstM.,58. 1920, Wilm. Col. & Aug.. 68.. 1910, J&D i"l'7"'ii"l"9" "fl ^f^^^^i",-?.!?- Thom.Europ.E.WeldH {Boston) 100 " iWater Power 100 Westinghouse Elec.H " 50 55 62% Penna. Consol. 5s, r . . I I i Il t 50! I ; . 100 100 1 i(K) 60 50 I •• " " 50 |l 50, 100 lOO Wlseonain Central. (Boston) 100 Preferred •• 100 Worc'st.Naeh.&Rooh. '• 100 MISCELLAKEOCg. AUouez Mining {Boston). 25 Atlantic Mining^ •• 25 CHy PassengerTSB... {Bait.) 25 Bay State (ias (Boston). 50 •• Bo«t(m Land xo Centennial Mining... •' 10 Fort Wayuc KI<-ctrlcTi " 25 Franklin Mining " 25 Freuchm'n's Bay L'nd " 5! . I I ; •• ! I « 25' • " iqq Kearsarge Mining 25 Morris Canal guar. 4. {Phi/a.). 100 Preicrrcd guar. 10 '• loO Osceola Mining {Bosloti). 25 •• Pewaliic Mining 25 Pullniau Palace Car. " 100 Qolucy Mining • 25 Tamarack Mining " 25 Tlioms'nElec.W, .i'V<i •• 100 M&N I J&J. 3%l S'™l''%*,y!l"'-K6s.l910, Hunt &Bi-d'rop,Con.6s.'95,A&0 101% 102 -^"fi^'ss 1914, Q-J 108% Tin.' 12% H'iH" 2d Os, gold 1897 J&D 111% H2 Oeueral mort. 4%8,g. 1924' 0—F 80 y^ney, 1st 6s. 1898 J&D 114 102 <i7i: d7% H^''5J' 2d 78 1910, M&8 133 Consol. 6 1923 J&D 128% 129 192 North Penn. Ist, 7s...".1896,'m&N 113 100 Gen. M. 78 1903, J&jl 124%! 146 Pennsylvania gen. 6s, r..l910, Var! 128 130 200 Consol. 68, 1905. Var 117 r Last price this week I 1 . . . ! (. ^ Unliaied. 27,492 76% 77% 5376 54% 41 "14% 4II4 {PhUa.) . 50 {Ball.). Huron .Mlnliic Illinois Steel fl *47% 48 41% 43 '2514 25% 21% 21% 217e Pennsylvania & N.W. {Phila.) 50 Kaleigh A Qastou .... {Bait.) 1 00 Kutland (Boston). 100 Seaboard 25% •5 1478 4312 251a Northeru N. H (Boston). 100' North Pennsylvania. {Phila.). ao,\ Parkerst)urg Lowest. 57 90 250 50 56% 47% 36 37 77% 77% 53% 5376 4468 I514 258 •55 *47 •35 14% 41 51 50 50 t 199 175 200 173 4414 229 229 '229 8I4 *7% 8 1515 51 1678 (Boston). 100 {Phila.). 28 41 14 18% 20 46% 47I4 Bid. 501 40% 15% 47I8 " lOol • lOO (PhUa.). 50| Manchester & Law.. Maryland Central Mine Hill & S. Haven Nesquehoning Val 28 193% 193 258 260 50 8 193 194 Har.Ports.Mt.Joy&L. •• 50 Kan. Cy Ft. S.&Mem. (Boston). 100 &Birm. 51% 14]4l4l3,g 1 Little Schuylkill 5078 43% 44% Charl. Col. & Augusta " 100! lb Cheshire preferred.. (Boston). 100 Connecticut & Pass. " lOOi Connecticut Kiver... " 100 219 Delaware&Bound Br.(P/ii/a.).l00 K. City Mem. 166 1478 l.Balt.).10O K.CVFt S.&Gulfpf. 66I4 66I4 27I4 72% 44 13. " " 106 431a •15>s {Bait.) 105 14% (iiostoji). 100 Ist preferred 2d preferred Central Ohio 325e 20% 33% I518 Charlotte 173 43% 43% 5OI4 X4968 43% Boston* Providence Camden &Atanticpf. 200 147 1938 14% 260 Catawissa 50% 43I2 40% 40% {Phila.). 44 166 507? •75 21% 14 1021a 108 108 rBa".;.100 Shares. 13. 113% 114% 49% 49% I8I4 34ie *8 54 I8I4 20% 194 77 "^ 82 51I4 Inactive Stocks. *4% •86 90 200 175 5368 82% 141 *55 " *47 Consolidated Gas 1 00 Erie Telephone (Boslon).lOO 48 Lanison Store Ser. " 50 20 liChi'h Coal&Nav Thilj 50 4678 N.Enp. Telephone i B-n!Vn)100 51 North American. (Phil. ).10O 1658 Sugar EeflneriesH (Bost^n)lOO 42I2 ThomBOu-H'u El.TI " 25 " Preferred 2.t TI 251a " WestEndLand.. *21ia * Bid and asked i)rices no sale Canton Co 25 2514 •4% 5 88 77 51^ I8I4 *2d . 200 "5 *18 . nilttcellaiie UN stocks. Bell Telephone (Bosttm). 100 " Bost. & Montana 25 " Butte* Boston.. 25 Calumet & Heela " 25 25 *35% 37 76% 77% 53 53% 50 51 United Cos.ofN.J.fPAi7o.;lUO WostemN. Y. A-ParPAite.; 100 5 *83 25% of sales In 1891. Week, Friday, March 207 207 206% 206% 206% 206% 206% 206% 207 207 *18 *18 \i 17% 17% ISI4 18% 181s *18 207 167 100 200 179 200 177 201 180 199 177 199 Maine Central (Boston).lOO " Mexican Central 100 2068 " 100 3278 N. Y. &N. Eng. " Prefened 100 108 Northern Central C-B«((.>. 50 *65i2 Northern Pacific (Phila.). 100 26I2 " Preferred 100 7118 '• 2478 Thursday, Miirch 12. 113%...... '113% . Pacific 45g 83 Wednesday, March 11. 130 . Old Colony tBostonj.lOO Pennsylvania.. (Phila.). 50 " Fhiladel. i- Erie. 50 " Phila. & Heading 50 Bummit Branch (Boston) 50 10. 24% 25% -85 88 86 Boston A Alhany (Boston). 100 xl99 " 100 Boston & I^owell " 100 2<)7" Boston* Maine M8 " 1 00 Central of Mass. " Preferred 100 *36 " 100 75'8 Chic.Bur.&Quin. 52 Chic. Mil. & St. P. (Phil. ).100 CUe. & W. Mich. (Boston). 100 ' 50 Cin.8an.cSiCleTe. 5>2 '• 100 eieve. A Canton I8I4 " Preferred 100 (Boston) 100 Eastern " 82% 100 Fltchl>urg pref. " 1 00 Fl. & Pere Marq. " 100 Preferred Hunt. & Br. Top. (PhUa ) 50 *20 " 50 •42 Preferred " 50 5014 Lehlfrh Valley Union Range of the ActivelStocks. H Indicates unlisted. Lll, 4 And accrued Interest, MISClil.L.tNEOUS. I I Baltimore— tltj Uall68. 1900, Q— 117% FundlngOs 1900. O— 119 West .naryi'd BR. 68..1902, J&J 119 1916, M&N 1916, 1930. J&J 1 900, J&D ,Chesai)eake Gas, 68 (Consol. Gas, 68 1910. J&D 58 1939. J&J Equitable Gas, 68 1913, A&O Virgiuia(etate>3s. new 1932. J&J Il It i Water 5s Fundiug5» Exchange 3 %s M&N 125% 126 io'3"' i03% 106% 107% II214 11"'* a9 98 107% no tUW 65 MAtCH THE CHRONl 14 IMl.l NEW YORK STOCK BXCH ANgE PBICB8 RjuLBOAD AND MiBCBL. Bonds. At.Toi).A-rt.F.— I00yr.,4g.l989 J & — Lmeeu, 75 77 "4 J (ConUna«i).—AOTIVB BONDS — /ti« /nlfr"** Period, ilar. 13 98^ 40»8 Sept. i00-y™rliicoiuo,h)t...".l«8» .fid It'll Al'iic— W.D. liic.Os.lHUI l«;t7J & J 70 t). (Hmraiitped, -t R Broulil'ii Uleviit'd 1st, a,g. 19^4 A * <) HI Hit). C«n 8outh.-l9tK"nr.,.'i« 190H J & J 10B«9 i9iaM & e ao"!! 2d,!S9 Oeiitralof N. J.—Con».,7B.tH99 Q-J t90-i M & N123 Congo). 7b General mortgage, 5 K.. 1987 J & J UOVi 110 b. Leh.&W.B..con.,7»,n8'd.l900 1912 M 97 a do. mortK.ieo, .58 LE. \ Mar. Mar. Mar. I 80 SS I 14 I Railroad BlghetL ^21 MARCH IS, ani> Miscbl. Bond*. ; Jau. Jan. Jau. ANI> s/w in<er'>« I'eriml. /vi" Mu,. i.t I02'» MAN A JII2e^g N.Y. Central— Extend., 68. 1893 iHt, coui>on,7H 1903 J D«bon...'is. I'liup.. 1884.. 1904 M N.Y. A Harlem— 79,reg... 1900 M j^iV. 1, a; IMl. . . UtghML UnctMt. 101% Jan. 103 . Iter. 120i« Mar. 1207* Mar. 106 106 Mir. no J4n. .Mar. 71 73 .IBH. .V 122 b.'l21i«Feb. A 12218 Feb. lOBBs Jnu. liaViJan. N. Y. Clilc. AHt. L.— 4g...l937 A A O 03'h 191 J«n. O.^'sJan. 105 Jnn. 10714 F(l>. N. Y. Elevated— T« 111 1906 J A J 11214 Ja-. 1 121a Jan. U3i«Jnn. loo Feb. N. Y. Lack. A W.— l«t,««..1021 J A J 130 b.ll27%.ra.. 13J Jan. ll.^ Jau. 117 Mar. Construetloii, Os 1923 P A A 107'..b |1(I8 Feb. 108 'a Feb. 121 Juu. .123 Mar. N.Y.L.EAW— l8t,oon.,7g.l920M A 8 134M).'l33 Jan. 137% Feb. 107 Jau. IIO^U Full. ..1893JA |I05 Long Dock. 7b D loo's J in, 107 Feb. -110 Fell. 113 Jau. Q-M 119 b.'113 J ConsoL.Og 1935 A A 118 Feb. iMlia Mar. 97 Fell. J 2doonsol,(Tg 1969 A l> 98 b.' 9008 Jau. 101% Feb. Am. Dock A Imo,58....t92l .1 & J 100%a.:i05-'4 Mai-. 1 08 Hi Jnu. N. Y. Ont. A W.— Igt, 6 g.. 1914 M A H 110 bill Mar. 115 Feb. Cenlnil I'lidrtc—aold,6s.. 1898 .1 & J 112 b. 112 "8 Jan. 112^1 Mar. 1939J A D 9l7„b.' O'.'^HJan. 07 <« Feb. Consol. l8t,5g 110 Jan, .117 Juu. N Y.8U8AW.— I8tref.,5g.l937 J A J 99's IOOI4 Feb. Ches. &Olilo-Mort,« g..l911 A & O 94 J41 1939 M A N 99 b. B5>i)Jan. .loo's Feb. lBtcoii»ol.,,'i g Midlandof N. J., 6 g. ..1910 A A 0115 b. 112 Jan. 115'aPeb. Norf. A W.— 00-year, 5 g 1 990 J A J 03 'sb. 93 R.4A. l)lv.,l8tCon..4g.l989 J & J 80 a. Jan. lOOisFeb. «7 .Tan. 71 »s Fell. N'lrtb.Pae,.— l8t,couii.,6g.l921 J A J 116 latcou.,2-4g.l989 J A J 70 do 113 J.n. 116% Feb. 68 Jan. 73 Feb. do 2dcon., 4g ..1989 J A J 7.'l General, 2d, coup <i g.. 1933 A A O 113 b. UO'gJai. 114 Feb. 104 104 Jan. F "sb. A A 107's Jiui. Ches. O. ASo. W.-«g.:...1911 General, 3d, coup., 6 g..l937(J A 1071s Jan. 11 314 Feb. Jau. Chtc. Burl A Q.-Con., 78. 1903 J A J 121»ii liai^Jan. 123 Consol. mort., .5 g oj 1989J A D u 8318 82 J:«n. 857gJan. 98 b. 98>4Jau. lOO'eJaii. North. Pac. AMon.— 8g...l938 1913 M Debenture. .'^B A 8 104 "b'104 Jan, 109 Feb. 192U'F A A 88 b.; 88 Feb. 95 Jan Denver Division. 48 North. Pao. Ter. Co.— 8g..l933|J A J 108 a.'l05 J»n lOS'a Jan. Sfl^b. 86 Jan. M 1927 «83iJan. OhIoAMisB.— Con8 8.f.,7B.1898.J A Jill hill 1<>8 Feb. 112 Feb. Nebraska Extension, 4a. Jau. 114!!t Fell. Ckmaol., 78 Ohlc. &E. III.— l8t,8.r.,68.1907 J A Dll4'4b.ll3 1898 J A J *lll a. 11 II4 J .n. 111% Jan 1934 A A O 120 b. 120 Jau. ,121 Jail. OhioSouthern— l8t. 6 g...l921iJ A D 105 b.lIOS's Jan. " ConsoK.Og 107% Jan. 95 a.' 95 Jau. 98'9Jnu. General consol. Ist, Ss.. 1937 General mort., 4 g 61 a. 55 J.D. 1921, M 63 Feb. 87»«b.| 83'sJau 89 Jau. Ouialui A St. LoiiiB- 1 g ..1937JJ A Jl 57'sb. 53 Ja '. Chic Gas L. l8t, 5 g. 1937 J A J SB's Jan. Ghle.Mll.AS!t.P.— Cou.78.1905 J A Jl21i8b.il20 Jau. 125'aFeb. OrcKon Imp Co.— lBt,6g.l9I0 J A D 99140. 90 Jan. lOS'a Feb. Jau. ;112 Jau. Consol., 5 g let, Boiitliwcst Dlv., 69.1909 J A J llOJab. 110 1939 A 67'8 (i7'8 Mar. 74 Feb. Feb. Ore.R ANav.Co.— I8t,6g.l909 J A D 107 1). 107 's Jan. 109«s Feb. l8t,8o.Miii. Dlv., Os... 1910 J A Jllliab.lllO Jan. iH4 a.'l04 105 Jan. ;106i3Jau. iBt.fh.APacW.Dlv., 09.1921 J A J Consol.. 5 g 1925' A J -94 a. 92 Jan. 100% Mar. Mar. 98 Jan. Pa. Co.— I's g., coui>on Chic. AMo. Rlv.Dlv.,59.192G J A J 93 b. 95 192l'J A J 103 i8b. 1 OS's Jan. 106 J4n. Wis. A.Mluu. Div., 5 g..l92lJ A J 101 b. 101 Jan 103 Jau. Peo. Dcc.AEvausv.— 6g..l920 M A 8 lOS's 100 Jan. lOS'a Mar. "..1914 J A J 100 b. ]00>» Feb. 102% Jan. Terminal, 3 g Evansville Div 6 g....l920;M A N 99i8 93 J ».. 103 Feb. 87 Feb. Gen. .M., 4g., 9erle8 A ..1989J A J S7 a.] 84''8Jan. 2d mort.,5 M 1926 A A O 70 b. 06 Jan. 70'aFeb. MUw.ANortb.- M.L.,68 1910 J A D ill b.'107'sJan. 112 Feb. Peoria A East— Cons., 48. 1940' April. 77 b.' 75's Jau. 80 Feb. b. 107 Jan. Ill l8t,con.,69 1913 J A Feb. Income. 48 1990 J A J 18 b.l 18 Jm. 22 J.tn. Chic.AN.W.— Con8ol..79..1915 Q-F 137%b.:136% Feb. 139'aJau. Phila. A Read.—Gen.,4g.l958| Feb. 79 "s 77^8 Mar. 82 Feb. |125 Jan. 127«jFeb. 1902 J A D 126 Couimu, gold, 78 l8t pref. income. 5 g 49 1958 Feb. 47'9 Mar. 58 Jan. 1929 A A O 115 b. 115 Feb. :H5 Feb. Sinking fimd. 6s 33 2d pref. income, 5 g 1958: Feb. 32 Mar. 381a Jnn. Sinking fund, 59 1929 A A O 107i2l>. 105 Jau. 10><i4Feb. .Id pref. luciime. 5 g 2513 Mar. 1958 J A J 25 \ 30 Jan. Siukliig fund deheu., 58.1933 M A N 103 b.l0Hi<.Jan. 109 Ke I'ittsburg A Western- 4g.l917:J A J 78 b. 751s Jau. 81 Feb. 1909 A N' 10512b., 104is Jan. 103i«Fcb. Rich A D.1UV— Con.. 6g..l915'A A O 116 0.115 Jan. 118 Jan. 25-vnar debenture, 5. 1926 F A 4 95'4a. 90 Feb. 100 Jau. Extcnsinn, 49 Consol. ,3g 1936 F A A 90 a.: 87'sFeb. OliaJan. Chlo. Pi'O. A St. Loui»— 5 g. 928 M A » OOisb. 9719 Jau. loo's Jau. Rich.AW.P. rer.-Tr,i8t,6g.l897 A 8 97 a. 97 Feb. lOOia Jan. Jan. 12714 Feb. Chic.R.I. Al'ac— (;8.eoU!i.l917 J A J 125 b. 124 Con l8tAcnl.tru8t,5g.l9l4 J A J 70 b.l 68i« Mar. 73 Feb. 90 Mar. 991a Jau. Rio G. Western- 1 St, 4 g.. 1939 A A O 76 ExteuBion j.nd col., 58. .1934 J A J ay's 74 Jan. 77% Feb. Feb. 100 Feb. R. W. AOgd.— Cou.. 38 ...1922 M A N 109 Chic. 8t.L.APltt.-Cun.,5g. 193-.; A A O 100 b. 100 il05 J II. 109 Mar. 116 Jau. 1 19 Jau. St. Jo. A Or. island— fig.. 1925 J A J 83 Chic. St. P. M. A O.— (is. ... 1 930 J A D IIG 8218 Mar. Jan. 921a 901-2 Feb. Cleveland A Canton— ")g.. 1917 J A J SOi^b. 87 's Jan St. L. Alt AT. H.—l8t, 78.1894 F A A lU a. 110 Jm. 110 Jan. Jan. 1 32 Feb. C. C. C. A I.— Consol., 7 g. 1914 J A D 132 a. 29 2d pref., 78 105 b. 1041s Feb. 107 Jan. 1891 Geueral COU901., 6 « 1934 J A J '119 b. 117 Jau. 119 Mar 8t.L. Ark.ATex. -l9t,63, t'st. rec. 79 7834 J 111. 82 Feb. Col. Coal A Iron—6 g 1900 F A A 102 b. 102 Jau. 1,;6 Jau. 2d,6s. 1936, tr. rec.allass.pd. F A A 17'-2b.' ITisMar. 21 J*n. Midland— 71 Ja' Col. Con., 4 g...l940 F A A 70 'sa-! GO'S Jan. St. L. A IrouMt I8t78...l892 M A N lOl'ab.'lOl 's Feb. 103 Jan. S0% Jan. 36 Jau. Col.H.ViU.ATol.— Con.,5g.l931 2d,7g 1897'J A J,108'4b. 105 Ja. 10758 Fob. 1904 J A D So^ga. 84 Jan. General, 6 g 37 Feb. CalroArk. ATexas,7g..l897'J A D 105 b.l03%Jau. 106 Feb. Denver A RloG.— I8t,7g.l900 M A N 117'sb. 116 Jan. HP's Feb. Geu. R'y Alandgr., 5g..l931 A A o! 9213 gi'sJ.ir. 93% Jan. lBtcousol.,4 g 1936 J A J 8214 79 Jan. 83 Feb. 8t.L. AHauPr.— Sg.,Cl.A.1906M A N 111 b.llO Jin. 110 Jan. Det.B. C'ityA \Ii»ua— 6g.l913 J A J|*94 a. 91 Jan. 9GisFeb. 6 g.. Class B 1906 N 111 b.lll Jan. 112i4Feb. 3214 Feb. Det.Mac.A.M.— I.Vtgrimt9.I911 A A O 30 b. 29is Jau. 6 g.. Class C 1906'M A N 111 b. Ill Jan. Ill's Jan. Dul. A Iron Kangc— 58. 1937: A A O ' 99 b.l 95 Jan. 100 Jau. General mort., 6 g 193l'J AJ'108 a. 10718 Feb. 110 Jan. Dul. 80. Sh. A AtL— 5g....l937 J A J,*99 a. 95 Jan. 99 Feb. 8.P.M.AM.— Dak. Ex., 6 g. 1910 M A N,115 b. 115 J» !ll8 Jan. E.Tenn.V.AG.— Con., 5g. 1956 M A N lOliab. 101 Jan. 104 Jan. Ist consol., 6 g 1933 J A J,ni7 a. 11413 Jau. 117 Feb. KuoxvtUe A Ohio, 6 g...l925 J iS J 107% 103 14 Jan. lOSUFeb. do reduced to4's g..-|J A J lol b.ilo2 Feb. 1021s Feb. 94 a. 90 Jan. EUz. Lex. ABigSau.— 'jg.l902 M 95 Jau. Montana Extension, 4 g. 1937' J A D 83 80 Jau. 87 Jan. 99^8 Jau. 105 Jau. San A. A Aran. P.— l8t,6g.l916'J Ft W. A Denv. City— 6 g. 1921 J A D IO314 76 a. 62 Jan. 74 Feb. 9414 93 's Jan. 94i4Mar. Gal.H.ASauAu.-W.Div.lBt,5g. 1st, 6 g 1926 J 69'sb. 62 Jan. 7313 Feb. 1 12iub. USiaMar. Han. A St. Jos.— Cous., 68 1911 117 Jau. Bhen. Val.-lst, 7g., tr. rec. 19091.. 130 b.l26%Ja". 32 Feb. Illinois Central— 4 g A O 97 laa. 96 Feb. 961a Jau. 6II4 Jan. 1 932 A Gen'16g.,Tr. rec. as8't'd.l921i.. 53 b.! 61 "4 Jan. Int. AGt. So.— l8t, 6g....l919M A N 113 Ill Jan. 115 Jan. Bo. Car. -Ist, 6 g.,ex ooup.1920 .. 10512b. 103 Jan. 107 Feb. Coupon, «g.. trust rec..l909M A 8 67 b. 72 Jau. 76 Jau. Income,63 2218 25 Feb. 193l'.. 13 Jan. ' Iowa Ceutral— st, 5 g. 84 Jan. Bo. Pae., Ariz.— 6 g .1938 J A D 81 b 8034 i>eo. 1909-10 J A J 103 a.'loiisFeb. 103 14 Jan. Kentucky Central 4 g. .1987'J A J Si's SaisJau. So. PaclUcCal.— 6g....l905-12'A A 78 "a Jan. b.!]12 Jan. 114 Mar. Kings Co. El.— l9t, .1925 J A J 97 b. 98 Mar. 100'4 Jau. 1st, consol., gold, 5 g.... 1938 A A O 100% g 99 Jau 101 Jan. Lacfede Gas l9t, 5 g 781s 77 Mar. 82i2Jan. 80. Pacitic, N. M.— 6g b.ll02i4Ja- 10313 Jan. .1919 Q— J'102 igilJ A Lake Erie A West 5 „ 94 Jan. g --.J937 J A J 108 b, tod's Jan. lOO'sJau. Teun.C. I. ARy.—Ten.D.,lst,6g A A O, '92148.1 86 Jan. L. Shoro— Con. cp.,l8t,78.1900 J A J *120 b.li20is Jan. [122% Jan. Birm. Dlv.. 6g 96i3Jan. 1917 J A J 9413b. 93 Jao. C0U80I. coup.,2d,78 1122 Mar. 124 Jau. Tex. A Pac— 1st, 5 g 1903' J A D 122 8978 Jan. 2000 J A D 87 '3 851s J,.n. Long Isl'd—lst, con., Dg.. 19311 Q— J 116i8b.|llo% Jan. 115i<! Mar. 2d, iucome, 5 g Jl's 29'4 Mar. 35 14 Jan. 2O0O March. General mortgage. 4 g. 1938 J A D '91 a.; 90 Jan. 92 Is Jau. Tol. A. A. A N. M.— 6 g 93 Jan. 99>aFeb. 1924 M AN' 95 lA)Ui8. A Sash.—Cons., 78.1898 A A O 114 b.113 Jan. 11458 Feb. ]To1.A. A. AGr. Tr.— 6g....l921 J A J 108 a. 101 Jan. 10: Feb. N.O. AMob. Ist, Og 1930 J A J 116 b. ill Jan. 118 Feb. Tol. A Ohio Cent.— 5 g 1935 J A J| 105 '4b. 102 58 Jan Il07»s Jan. do. 2d,6g 1930J A J 106 "4 ll06i4Mar. '108 Feb. Tol. Peo. A West.— 4 g 77 Jan. 1917 J A J! 74 b.l 74 Jan. E. H. AN. lst.6g Mar. II2I3 Jau. Tol. St. L. A Kan. 1919J A D112 b. 91 Jan. 6 g.. 1916 J A D! 8.> b.' 83% Ja. b. Qener.il,6g Feb. llSiaJan. 1930 J A D113 U3 Union Pacitte— 6 g 1899 J A J 113'sb. 113% Jan. 11418 Mar. Collateral trust, 5 g 102%a. 101 Jan. '1031s Feb. fiiukinir fund. 8s 1931 1893 M A 810713 107 Mar. 111% Feb. LonlB. N.A. A Ch.— 1st, 68.1910 J A j'104 b.iioi Mar. Ill Jau. CoUat. trust 413 72 Jan. 69 Feb. 1918 M AN' 72 Consol., 6 g Kansas Paclflc- Ist, 6 g. 1 895 F A A 1 09 1916 A A O 86I3 84 Mar. 95 Feb. 109 Mar. 111 Jan. Louis. St. L. A Texas—6 g. 1917 F A A 83 a. 78 Jan 88 Jan. l9t,6g 1896 J A D Metro. Elevated— iBt, 6 g. 1908 J A J 115 lllOsaan. ills Feb. DenverDiv.—6 g 1899 M A Nlll b.lll Jan. Ill Jan. 2d,68 l8tconsol.,6g 1899M A N lOOiflb. 104 Jan. 107 Feb. 1919 M A N 1 10% 1108 J *ii. 1 11 Feb. Mich. Cent.— Ist, con., 78. .1902 Oregon Short Line— 6 g..l922 F A A loo's llOO Mar. 106 •« Jan. A N 123 b. 122 Jan. :i23is Jan. Conaol., 58 Or.S.L.AUfhN.— Cou.5g.l919 A A O, 72isb. 75 Mar. 80% Feb. 1902 A N *107 b.il07 Mar. 108 Feb. MU.LakeSh.AW.— lst,6g.l921;M A N 125 b.ll8%Jan. 123 la Mar. U.P.I>eu.A Gulf con. 5g.l939 J A D 80 a.' 78 Jai. 82 Jao. Exten. A Imp., 5 g 1929 F A A 98%b. 98 Jan. 101 'e Jan. ItJnion Elevated— 6 g lOS'a 106 Jan. 1091s Jan. 1937 M. K. AT.-l8t 48, g 74i(i Jan. 7918 Feb. iVirgluiaMld.— Gen. m.,58, 1936 M AN! ga b.i 81 1990J A D 7714 Jan. 891s Feb. 2d 4s, g 44 >s Jan. 1990 F A A' 3958 do BO'S Jan. stamped guar. A N! 89 b.' 83 Jan. 90 Feb. Mo. Paclflc— l8t, con., 6 g.l920 M A N HI 105'4 Jan. Ill Mar. Waiiash- Ist, 5 g 98 J tr. 102 Feb. 1939 M A NilOOVj 3d,7s 1906 N114%b.!ll5 Jan. 115 Jan. 7713 Jan. 2d mortgage, 5 g 70 Feb. 1939. F A A' 70's Pac. of .M<>.-igt,ex.,4g.l938 F A A 98 a.[ 97 Feb. 100 Jnu. Debent.M., series B ....1939 J A J! S,"* a. 30 Feb. 35 Jan. 2dmort.,78 1891 J A J lOl'sb. 99isJan. toils .Mai. West Shorc-Guar.. 4s 2361 J A J 102i8 ICO Jan. 103 Jan. Mobile A Ohio— New, 6 g.. 1927 J A D 114 b. 112 Jan. 115% Fell. West. N. Y. APa.-l8t, 5g.l937 J A J| 9913b. 96 J.n. 101 Feb. General mortgage, 4s... 1938 A 8 66% 70 Fell. 35^8 Feb. 63 Jan. 2dmort..3g.,38C 1927 A A O; Si's 301s Jan. Mutual UuiouTel.—tig.... l«ll M A N 100 b.llOi Jan. IO5I9 Fell. West. Un. Tel.—Col. tr., 5s. 1938 J A Jl 99>s 98 Jan. 100 Feb. Nash. Ch. A St.L.—l9t, 78.1913 J A J 125 b. 125 Jan. 12613 Jau. Wis. Cent. Co.— l8t, Sg 1937 J A J »4''ea. 93% Mar. 97 Jan. Cou., 5 g... 1928 A A O 108 b.l05'sJan. IO718 Mar. 1*40 a. 341a Jsn. Income, 5 g 45 Jan. 1937 NoTi— "b" IndleateB price Md; '• a" price atksd the Ranare is made up froji act.ial sjles only. * Latest price this week. H | Atl. I I . '. A 8 I H7 I , 1 AN . I . , 1 . , DUO 1 I AN AN M ' MAN AC— I ! ' AN i I I I AO _ ' : , ! DUO ' I J 1 . M . . I M 1 ! 1 . ! ! I 1 ' I — MAS , . I I | MA i I " . . . 1 . AS . I M AN MAS I 1 I t I I , — OH2 . — I I I . I mis . C— I MAN* . j I M M I : MAN ' I M I 1 MA I 1 : M j I I ; NEW YORK STOCK EXCHANGE SECURITIES. Railroad Bid. 8ECUKITIE8. Ask. Bonds. (Sioek F.xchunut Pritxi.) Mabaina Mid.- 1st, g., Gs X928 89 Atlantic A Danv.— 1st g., 6s.. 191 Atl. A Pae.— 2d W. t).,gu. 6h..l907 Bait. A Ohio— l.st, 6s, Park 11.1919 II5I3 PBICES-(Coiitinned).-/iV:4Cr/F£; B.AO.-Mou. Oeul'IOhio Reor.— I8t,4i<>s.l930 Creek— 1 st, gold, 4» 1936| tJost. H. Tuu. A W.— Deb. 58.1913 Brooklyn Elevated— 2d, 8-58.1913 rJnft. Roch. A Pilts.-Gen.,5.s.l937 1921 Roch. A Pitts.- 1 f I, «9 Consoad.ifd l8t.69.1922 do AN".— l8t,59.1906 lurl Ced. Rap. ; Bnrl. Cod. 100 tJeech - 100 102 Mlnn. 98 towa 100 Hi 87 95 117 96 lis 114 96% A C. Ran.ANo.— (Contln'd)St. L.— lat, 78, gu. 1927 . A West.— Ist, 78... 909 Oed. Rap. 181, 09. 1>8 98 13. SECUBrriEB. Ask Rlv.. 1st g.,g.59.1919 gold 1025 ire's Con«. mort., itold, 5s 1988 10718 _B ^ O. S. W.. Isl. ir., 4i«s. .1990 9(i t/Onsol. A collat. trust, 38... 1934 * No price Friday these are the la isi iiimtaiioM m-ide th's' ^rr- If. 5fl, Bid. BONDS— ISARCH 1 I. F.A N., Ist, 68.1920 .1921 O.Ohio— -ol.ACin.M 1st, 1 198. 19.19 •ent RR. A Bank.— Col. g.5s. 1937 Chat. Rome A Col.-Otd.g.5s 1 9.17 8av.A West.— i8leou.Ktd.3».19i0 •'' I''"-' »nt. of S. .\.~r,my '•'i . THE CHRONKp: 422 [Vol. LII. NEW YORK STOCK EXCHANGE FRICEH.—INACTIVE BONDS—(ContinuedJ-MARCH Bid. SECUErriES. Railroad Bondf.— ^Con^^ (Stock Eifhangt Prices.) Central Pncific— Gold bds, 68, 1895 108 1896 1091* Gold bonds, 68 no's Gold bonds, 68 1S^Z.,„„ 1900| 109 Ban Joaquin Br., 6s 99 Cal. & Oregon—Ser.B. 68. -.1892 1939 96's Mort. gold 5s 1900 Land prant, 58, g West. Pacific—Bonds, 68. ... 1 899 108 Ko.Eailvray (Cal.)— l8t, 6s. 1907 1938 *100 SO.year 5s Chcs. & O.—Pur. M. fund, 68.1898 IIOI3 1161s 1908 6s. gold, series A Ches. 0."& 80. West.— 2d, 6s. .1911 104% 1893 OhicagoA Alton— 1st, 78 1903 121 Sinking fund, 68 II6I4 Louis. & Mo. River-lst, 78.1900 1900 2d, 7s Bt. L. Jacks. A Chic.— l8t,78.1894 107% 1894 107% l8t, guar. (564), 78 M1SS.R. Bridge— 1st, 8. f., 68.1912 105% Burl. & Nor.— Deb. 68... 1896 Ohic. Burling. & Q.— 5s, s. f..l901 Iowa Div.— Sink, fund, 5s. .1919 owe. D D 109 g. 1931 1927 . . C— ' . . . Gold, 58, coupon 90 97% 119 115 1902 1203e 123 l8t, 7s, $ g., R. Ist, La Crosse Division, 7s. 1893 107% 1897 112% 115 1st, I.* M., 78 1899 115 Ist, D., 7b 1903 120 Ist, C. &M., 78 122 l8t, L &D. Extension, 78. ..1908 '121 1919 •10014 101 Ist, La C. Day., 5s D., 78 1910 118% 120 Ist, H. D., 5s 1910 98 Ist, H. 100 85 26 105 113 103 66% 88 72% 104 92 Memp Div., Ist g. 4s A 8. C— 2d Div., 7s ...1894 C«d. Falls AMinn.— Ist, 78.. 1907 Ind. D. A Spr.— Ist 78, ex. ep.l906 1947 Ind. Dec A West.— M. 53 1948 2d M., inc. 5s, trnst rec 68. 1909 Inter. A Gt. Nor.— Coup. Kanawha A Mich.— Mort. 48.1990 Kan. C.Wyan.AN.W.— lst,58.1938 L. Sh. A M. 80.— C. P.AA.—78.1892 Buff. A Er.— New bonds, 78.1898 Dub. Ask. 90 90 140 1912 138 1912 134 78.1900 2d, 7s 3d, 7a Clev. A P.— Cons., 8. fd., 4th,8ink.fund, 68.1892 St L. V. A T. H.— 1st 6s., 78.1897 2d, 7s 1898 1898 2d. guar., 73 136 124 IOII4 IO214 110 IO914 Peo.AE.-Ind.B.AW.-lst,pf.7s.l900 Ohio Ind.AW.- l8tpref.58..1938 Peoria A Pek. Union- 1st, 6s .1921 1921 2d inortg., 4%8 Phila. A Read.— 3d prcf convert Pitts.C.CASt.L.— Con.g.4%8A1940 114 118 110 60 111 67 30% . A Pitts. Cleve. Tol.— 1st, 68... 1922 Pitts. Junction— Ist 6s 1922 1932 Pitts. Mc. K. Y.— 1st 63 Pitts. Pamsv. P.— Ist 5a... 191 Ariz. Cent. Ist, 6s,g.l916 Presc't A A A ' 115 95 99 1916 2d Income, 68 A Dau v.—Debenture 63.1927 101% 1909 Equip. M. 8. f., g., 5s Atl. A Char.— 1st, pref., 7s. 1 89' do. Income, 6s.... 1900 1897 1907 1951 107% 1951 1st, consol., 78 2d, 68 Bid. A Califomlar-lst, 5a. 1927 Oreg. Ry A Nav.— Col.tr. g..5».1919 106% Penn.RR.-P.C.AS.L.-lst,c.,7s.l900 100 Pitts. Ft. W. A C— l8t, 7s... 191 78. .1905 63 SECURITIES. Ask. Oregon Grand Rap. & Ind.— Gen. 58.. 1924 Grocn B. W. & St. P.— 1 et 6s- .1911 75 IO2I2 2d income, all subs, paid Housatonic—Cons, gold 5s. .1937 N. Haven ADerby, Cons.58..1918 Waco & N. 78..1901 112 Hous. AT. 102 193 113 l8tg.,53 (int. gtd) 1912 118 Cons. g. 68 (int. gtd) 64 1921 7 Gen. g. 4s. (int. gtd) 105% Debent. 68, prin. A int. gtd.1897 69 Debent. 4a, prin. A int. gtd.1897 1951 100 niinois Central— Ist, g., 48 1951 118 Ist, gold, 3%3 Springf. Div.— Coup., 6s.... 1898 108% 1921 112 Middle Dlv.— Reg., 58 C. St. L. A N. O.— Ten. 1., 78.1897 92% 118 110 A.— 2d mort., West. Div., 2d 68 Ga. So. & Fla.— Ist, 105 81 Bid. Fla. Cen. & Pen.— Ist g. 59... .1918 Ft. Worth & R. 6.— 1st g., 5S..1928 Gal. Har. &San Ant.— 1st, 68.1910 Gal. H. &8. 105 1919 Sinking fund, 48 1921 Plain, 4s Ohlc. & Indiana Coal— 1st 58.1936 Otit. Mil. & St. P.— l8t,83,P.D.1898 1898 2d, 7 3-lOs, P. SECURITIES. Ask. 18. Rich. . 91 101 Rio Gr. Junct.,lst,guar.,g., 58.1938 Rome Wat A Og.— Ist M., 78.1891 1925 St. Jos. A Gr. Is.- 2d Inc. 103 * Kan. C. A Omaha— Ist, 5s.. 1927 St L. A. A T.H— 2d m. Iuc.7s.l894 105 1894 Dividend bonds 53 . . 76 90 104 75 1061a A So. 111.— 1st, 88.. .1896 113 113% A Car.— Ist 63 1923 "^ Chi.8tL.APad.— Istgd.g.58l917 *io6 127% St Louis 80.— Ist gd. g. 48.1931 * 78 Det. M. AT.-lst,7s 1906 & do 2d Income, 5s. 1931 48 Lake Shore—Div. bonds, 78. 1899 117 119 & Car. A Shawt- 1st g. 48. . .1932 77 ...... Mahon'g Coal RR. -1st, 58.1934 107 110% & St L. A I. M.—Ark. Br.,l3t 78.1895 105 Chicago & Pacific Dlv., 6s. .1910 115 120 Kal. All. A G. R.— 1st gu. 5s.l938 108 St Lou. A S.Fran. —Equip., 7s,1895 100 Mineral Point Dlv. 5s 1910 93 Lehigh V.,N.Y.— 1st gu.g.4%8.1940 103»s 99 General 58 1931 1921 98 C. <fe L. Sup. Dlv., 5s 1 .itchf Car. A West.— 1st 68. g.l916 97 Fargo & South., 68, Aasu. .1924 110 1st, trust, gold, 5s 1987 Ijong Island— 1st, 78 1898 117 118 93 Kan. City A 8.— Ist, 6s, g. .1916 Inc. oonT. sink, fund, 5s 1916 N. Y. A R'way B.— 1st, g. 5a. 1927 100% 93% Dakota <&Gt. South., 5s.... 1916 90 2dmortg., inc 40 Ft S. A V. B. Bg.— Ist 68.. .1910 1927 Ohlc.&N.W.—Esc.&L.8.1st,6s.l901 106 St. Paul A Duluth— Ist 5s. ... 1931 'io5 SmithtownAPt.Jeff.— l3t,7s 1901 86I4 DesM. <fe Minn.— 1st, 78. ...1907 121 1917 103 104 Louis.Evans.ASt. L.— Con.58.1939 85 2d mortgage 5s Iowa Midland— Ist, 8s 1900 Louis. A Nash.— Cecil. Br, 78.1907 100% St Paul Minn A M.— Ist 7s. .1909 115 Peninsula— 1st, con v., 78... 1898 115 Pensacola Division, 6s 1909 116% 117% 2d mort, 63 1920 105 Chic. &. Milwaukee— Ist, 78.1898 115% 115 Minneap. Union— 1st, 6s. .1922 Bt. Louis Division, 1st, 68... 1921 Win. A St. P.— 2d, 78 1907 2d, 3s Mont Ceu. — Ist, guar., 63. .1937 114 114% 65 1980 53 Mil. & Mad.— ist, 68 1905 111 Nashv. ADecatui^lst,78..1900 115 117 East Minn., Ist div. Ist 53.1908 Ott. C. F. & St. P.— Ist, 58.. 1909 105 105% 8. f.,6s.— S. A N. Ala San Fi-an. A N. P.— Ist g., 5s.l919 1910 100 Northern 111.— Ist, 58 1910 1C4 107 10-40, gold, 6s Shenandoah Valley— Inc., 68.1923 1924 101 O.R.I.&P.— D.M.&F.D.,l8U8.1905 76 50 year 58, g., 107 Sodus Bay A So.— Ist 5s, g...l924 1937 :i"" 1st, 2%s 1905 55 Unified, gold, 48 1931 "ii" South Carolina-2d, 6s 1940 Exten.sion, 48 1905 96' Peus. A At.- 1st, 68, gold... 1921 102 80. Pac. Coast— Ist, guar., 4a. 1937 ' 93 Keokuk & Des M.— Ist, 5s. .1923 Nash. Flor. A S. Ist gu. 58.,1937 97 Texas Central— Ist, 8. f., 78. ..1909 45 Ohio. St. P & Kan. City—5s.. 1936 Lou.N.Alb.ACh.— Gen.m.g.5s.l940 1911 • 40 Ist mortgage, 7s 48 Minn. & N. W.— Ist, g., 58. .1934 Lou. N. O. A Tex.— 1st, 43.. ..1934 87 Texas A NewOrloans—l8t78. 1905 116% Ohlc.St.P.A Minn.— Ist, 68. ..1918 2d mort., 5s 1912 100 Sabine Division, Ist, 6s 1934 _^ St. Paul &B. C— Ist, 6s 1919 122 124 Manhattan Ry.— Cons. 4s Tex. A Pac, E. Div.— Ist, 6s. 1905 105% 106% 1990 CSilo. & W. Ind.— 1st, 8. f., 68.1919 Memphis A Charl.—68, gold.. 1924 103 106 Third Avenue (N.Y).— Ist 5s, 193 110 111 General mortgage, 6s 1932 113% Ist con. Tenn lien, 7s 1917 Tol. A. A. A Cad.—6s 1H15 82 82% On Ham. & D.— Con. s. f., 8.1905 125 Mexican National— 1st, g., 68.1927 91 1919 Tol. A. A. A Mt PI.—6s 2d, gold, 4%s 1037 2d, income, 6s, "A" 1896 109 110 Union Paclfto— 1st 68 1917 30 45 Cin. I. St. L.& Chic— I8t,g.,4s.l936 94 2d, income, 6s, "B" 1897 111% 1917 1st 63 Consol., 68 1920 Michigan Central—6s 1898 112% 1909 1st 63 Cln. lack. & Mac— 1st, g., 5s. 1936 60 Coupon, 5s Collateral Trust 68 1908 1931 110 Clev. Ak. & Col.-Eq. & 2d 68.1930 92% Mortgage 4s Collateral Trust 58 1907 101 1940 C.C.C. & St. L., Cairo div.-48, 1939 90 Jack. Lan. A Sag. —6s 1895 100 C. Br. U. P.— F. c,7s 1891 Cln.San.&Cl — Con.lst,g.58, 1928 86% Mil. L. 8.AW.— Conv. deb., 58.1907 Ateh. Col. A Pac— 1st 68... 1905 98% 99% 80 Spring.&fol.Div.- l8t,g. 48. 1940 Mich. Div., 1st, 6s Atch. J. Co. A W.— Ist 6s... 1905 115 1924 115% WhlteW.Val.Div.— lst,g.48. 1940 Ashland Division— Ist, 6s ..1925 114% U. P. Lin. A Col.— 1st g., 58. 1918 " 75 Cl.Col. Cln. & Ind.— l8t, 7s,8.f.l899 •116% 117 Incomes 101 Oreg.S.L.A U.N.,col.tr8t,58.1919 idi 73% 74 Consol. sink, fund, 78... 1914 Minn.A St. L.— Ist, g. Vs'.'.'.V.'.'igif 104% 106% Utah A North.— Ist, 7s 1908 Clove. & Mah. V.—Gold, 5s. ..1938 110 Iowa Extension, 1st, 78 1926 Gold, 58 1909 98 100 Colorado Midland— Ist, g., 68.1936 108 2dmortg., 78 Utah Southern- Gen., 78...1909 103 1891 52 ColumblaA Green.— l8t, 6s. ..1916 *103% 109 Southwest Ext.— 1st, 78 Exten., Ist 7s 1909 * 98 100 1910 87 89 2d, 68 1926 Pacific Ext.— 1st, 68 Valley R'y Co. of O.— Con. 6s. 1921 94 1921 101% Del. Lack. & W.—Convert. 78,1892 104 14 Impr. A equipment, 6s WabaahDeb. M., series "A". 1939 1922 60 Mortgage 78 1907 130 Minn. A Pac-lst mortg., 58.1936 No. Missouri— 1st, 78 1895 IO914 , Bvra. Blng. & N. Y.— Ist, 78.1906 130 Mlnn.S. Ste. M. A Atl.— Ist. 58 1926 StL.K.C.AN.— R.E.ARR.78.1895 104 108 Morris & Essex- Ist, 7s. 1914 142 K'°5-^.*.;?-*^-S-M-l8tc.g.48.1938 St.Charles Br'ge- lst68. .1908 •10514 2d. 78.. 1891 101% 101 '8 Mp.K.AT.-K.C.AP., I8t,48,g.l990 West. Va. C. A Pitts.— 1st 68.1911 72 Bonds, 78 1900 115 Missoun Pacific- Trust 58.7.1917 Wheel. AL.E.— 1st 5s, gold... 1926 106 94 780f 1871 1901 123 Mobile & Ohio— 1st ext., 68.. .1927 109% Extension A Imp, g., 5s 1930 101 1st, con., guar., 78 1915 136 137% St. L. A Cairo—4s, guar 1931 * 82% Del. & Hud. Can.— 1st, ex. 78.1891 104% Morgan's La. A T.-lst, 6s.. ..1920 iniscellaneons Bonds. 112% Coupon, 78 1894 lllM 112 1st, 78 1918 128% Boston Un. Gas— Tr. cer. 5a. .1939 Pa. Dlv., coup., 78 1917 143 Nash. Chat. A St. L.-2"d,' esi.'igoi C!ahaba Coal Min.— Ist g. 7s.. 1907 108 112 Albany & Susq.— l8t,gu.,7s.l906 131 New Orleans A GiUf-lst, 68 .1926 '110 ChicJun.AS.Yds.- Col.tg,58,1915 l8t, cons., guar., 68 1906 120% N. O. A. No. K-Pr. I g., 68.. 1915 Col. A Hock. Coal A I.— 6s, g.. 1917 K»ns. & Sar.— Ist, coup., 78.1921 144% 98 Consol'n Coal—Convert. 68... 1897 102% 104 1905 99 Denver City Oable-lst, 68... 1908 95 100% N. Y. Cent-Deb. g. is 1st. 48.1986 100 Consumers Gas Co., Chicago 1st geji^- * R- O.— Imp.,g., 58... 1928 85 85% S- i- ^"°^*'"'t:^"»''1936 E. Temi. Va. & Ga.-l8t, 78. 1900 ?-!?• S H--l«. reg. 48.1903 104 82 fuar. 5s w" V 116 N. Y. A Northern-lst, IsonElec. lU.'Co.- 1st 58.1910 Divisional 58 5B.1927 107 g., 107% 97% 1930 107 2d, 4s "'"1937 Ist ext.. gold, 5s 1927 Equitable Q. A F.— 1st 68 1905 91 50% 90 N. Y. Susq. A West."-2d,i%8;i937 "ii' Kq. &lmp.,g.,5s G'nd Riv. CI. ACoke.-lstg. 68.1919 1938 Gen. mort, Ss, g Mobile & Blrm.- l8t, g.,5V.!l937 "95' 1949 81% Hackensack Water— 1st 5s. .1926 Alabama Ontral— Ist 6s 1918 87 116 North'n Paciflc-Divid'd scrip ext 103 Henderson Bridge— 1st g. 68.1931 106 James River Val.-lst, Ss...l936 103 Erie— Ist, extended, 7b.. Iron Steamboat Co. — 68 1901 I897 115 118 Spokane A Pa .—ist, 63 2d, extended, 58 iqsb Tel. ATel.— l8t,8.f.g.5s..l918 1103 Met. 104 'l919 115 118 StPaul A N. P.-Gen 6s' 1923 -116 3d, ext«nded, 4%s Nation'! Starch Mfg.— 1st 6s,1920 1923 106% HclenaARedM'n— lst,g 6s 1937 98% 4th, extended, 58 N.Y. A Perry C A I.— 1st g- 68,1920 89 90 1920 II2I4 115 Sth, extended, 48 Northwestern Telegraph- 7o, 1904 103 .•>• Slll'V«^^'i?\'''E.''-lst.S-68l936 106 1928 101 101% DuLAMan Dak.Div.-l:,l68.1937 105 105% l8t, cons., fd. coup., 7g.'!""l920 People's Gas A Coke ) l.atg.6s,1904 132 Coeur d Aleue-l3t, Reorg 1st lien, Cs, gold. 1916 103 Co., Chicago 112 J 2d g.6s,1904 95% 97 -ISOS 108 Uen. Ist, g.,6s.. 1938 103 Philadelphia Co.— 1st 8. t. 68.1898 1918 n33% v ?w^"a'^'v *• Tel.— 103 Union 7s. West * *i-Coltr.,6s.l922 1875-190C nMiy«'''"^'°°-l8'.V-'.68".1938 ii2% 116% 113 ^I},h coup., 58 Chic. A Nor. Pac— 1st 1? 5s 1940 Funded oX i9fin 84 Woodstock Iron— 1st, g. 63... 1910 87 Norfolk A West-GenS, 6^193? **" Income, 68.. 119 Unlisted Bonds. £977 119% 75 New River, 1 st, 6s Bt^. A 8. W.-Mortg. 68;.';.1908 *ibi' 1932 Ala.AVick3.-C0U90l.5g.,1921.AA0 113 95 90 Imp. A Ext, 6s Jefferson— l8t, gu. g. 6g loqj 1909] 103" 2d M., income till '94, 1921.. AAO 70 80 Adiustment M.,7s. Chicago & Eric, l8t,g.,4-5s:i082' iqal Vicks. A Merid.,l8t 68, 1921.A AO 100 96 'sd' 88 Equipment, 5s Income, .58 JqoB Charl.— Ist 78,1907.JAJ Atlanta A 1982 122 119 29% Clinch Val. 1st 5s. : Eureka Springs R'y-lVt;68".g.l933' 1957 Comstock Tun.— Inc.4s, 1919.MAS 36 39 102 SciPto Val. A N. E.-l8V48loSo 100 Evana^A T.U.-]st,con8.,6s .192ll Georgia Pac— 1st 6s, 1922.... J AJ 108 73 10S% (rA T oir« m. rl. ini,*8..iifyo 75 """iijo Ogf Lake Ch -fs, MTvc"mon-urfi8T:'."';i^^^: -^^^ con.'68::igIS 105 Consol. 5 g 1923 AAO 73 70 Ohio ^ A Mlss— 2d coiisol TKns. ,V Indian _1.> ^^.H ."^l il2--^20 I7« iqTi 115 Income 58 15 18 Springfield Div.-lst 78. FUnt A p. Marq.-Mort., 68.. .1920 il8% 1905 70 Little B.A Mem.- 1st 5g.l937.MA8 67 General58 Ist con. gold, 5s loSS 1939 102 ini"" Ohio River Mem.ACharl.-Cou8.7g.,1915.JAJ 110 115 RR- Ist," Ss.".:;::: 1936 portHuron-ist.58...:::::iiigl^"'^ Jg*^ StL.Ark.ATcx.-l8tls.When i8.su'd 68 6i) 100 General mort. gold, 5a 1937 When issu'd 30 2d 4s, Income 35 90 •Mo ice Friday; these are the latest quotaHona made this L& 108 115 109 116 Bellev. Bellev. . . . . . . . . . — ' . . '. Svi ^ . . ] . .<. • , ' ' \ March THE CHRONICLE. 14, 1891.] 423 iMtfMt HarntHfft Keiiorlrd. %nmsimtnt Bo AD*. 9 536.067 55,078 32,236 19.WI9 14.077 193,088 63,087 44,780 9.089 5,268 59,087 324,541 73,163 20,239 Fltobbiirff 37(6 Investors' Supplement, a pamphlet of 160 pages, eontaina extended tables of the Funded Debt of States and CSties and of the Stocks and Bonds of Railroads and other Companies. It is published on the last Saturday of every other month— viz., January, March, May, July, September and November, and is furnished without extra charge to all FUiit.AP.Mara. Mor. Cenl.*P. Pt. W. A Rlo (4r. Oa. Car-lH A No Ueorsia RR 0«o.8o. AKIa.. Qr.Bap.AInd.. CIh.iLa Ft. W. Other lines. Total .. all lines. Oraud Trunk. .. UUo AQr.Tr. Oet.Gr. H.AM. Great North'n 534,288 40.582 81,022 655,8»1 2.800 105,670 Tot, system. February Qulf A Chicago. February Uousatonic Janujiry... on the third . 12,50() Hutch. A8()Uth'n lanuary... 6,410 tix pages of the Chronicle, are publislied Saturday M. February East, of .Minn. February Montana Cent. February . . Humest'nAHhen February 33,231 303,653 February I muary... Ind.Dec.AWe.'it . In-AGt. North'n wk Mch '35,207 Iron Railway... February Jack'v.South't'n Ith wk I'eb 2,628 21,346 79,165 5.492 6.502 88,337 27,503 00,188 7,304 Iowa Central... 1st , Latest Earnings Reported. Jan. 1 to Latest Date. Weekor Mo'OO or'n. 89 or '90. 1890 or '91 1889 or '90 » I « November. 4H.393I AlleKbeny Vai.. January... toli.X. A 9. Fe.. 4th wk Feb -Itli wk FVb Half owned 19S,016 1,'<3,517 19S.010 49,'j,y78 4,279,(i81 721,^42 158.242 9.362 40.846 79,928 541.783 29,619 571,402 137,656 29,062 166,718 674,368 149.998 9,881 44,611 64.477 ,429,377 ,480,982 149 443,776 ,884.520 ,924,758 44,263 136.796 16,251 40,172 82,442 50.035 40,247 44.185 317,000 11,257 524,591 276,544 54.832 46,176 134,099 17,906 34,113 69,769 37,827 35,483 47.967 257,000 10,767 531,878 275,109 37.152 893,974 Alabamn Mlrtl'd . . 19,005 514,983 . Total system. -Itliwk Feb It h wk Feb Bt L. & San F llalf owned. . 4th wk F"cb TotS.L.&S.F. 4th wk Feb 14I,lt)6 . . 18,434 l.")9.r>99 Acp. total '4th wk Feb Atlanta AOhar Deeember. Atlanta & Flor'a February Atlanta AW.Pt.l February Athintio&Pae.. 4thwk Jan B.AO.Ka8tLtnea January. .. Western Line.s. January. . . . 45.''). . Total 'January. . Bal.&O.Southw.!l.stwkMch Bait. ife Pot<ini:M'' January... Bir.?h.A- Tenn.R' January. . Butt.Roeh.& Pill list wk Bur. C.Raii. AN. Istwk Mch Mch California So... 4thwk Jan Camden [j:iuuary... <feAti. Canada Atlantic January... Canadian I'aclHi' Ist wk Mch Op.F'r.kYad.Valilstwk Cen.RK.A BkCo ;i Mch wksFeh, Auxiliary sj-r.'h wks. Feb Cent. X.Enic.&WiDeceniber. Central of N. J.. January... Central Paciilc |l)ccember. Central of B.C.! December Ceutr'lVerm'ut.UVkFeb .089,190 ,253.477 10,299 52,763 10,436 10.216 'JH K.London NoriWlt Fob. 28 Ogd.&LakeCh WkFeh. 28 Tot. system Ohar.Cin. & Chic Charlest'n & Sav . I i 1 Wk Feb. 28 73.415 6,705 68.179 9,537 33,000 7,600 13,464 150,788 December December Chftr.Sum.&No.lDecember Chat.R'meACol December. Ohatfn'(.'aUui'n February Oberaw. <.t Darl. January.. Che8.i&Ohio.... Obes.O. &8. W. Cues. & I^enolr Chic. Burl. & No. Chic. Burl. & Q. Chlc.& East. III. at I wk Mch February 185,93' December December Chlc.Peo.&St.L. December 8,240 234,402 ,329,830 74.258 461.558 ,893,407 41,565 Chic. Rock I.i P. ,022,8 . Jiiuuary. 1 St wk Mch CWc.Mil.ASt.P. IstwkMch Chlc.&N-thwn. January. February Chic.8t.P.&K.C. IstwkMch Chlc.St.P.M.&O. January... Chlo. .St W.Mich. 4th wk Feb Chiiniewa Val .. December. Cln.Oa.it Ports. February . Cln. Jack (k Mao. Istwk.Mch &T.P Oin.N. O. Ala. (;t. South N. Orl. N. E. Ala. ii Vicksb Vlcks. Sh. A P. Erlan^'er 8yat, Cinii.N()rtliw'u. & 4th wk Feb 4th wk Feb 4th wk Feb 4thwkFeb ilh wk Feb wk Feb February Ciu.Wab.A.Mich February Clev.AkroniCol 4th wk Feb 4th . . Oley. & Canton.. December OI.Ciu.Ch.ikS.L. 4th wk Feb Pco. A: Kast'u. 4th wk Feb Clev. A Marietta February . Color. Midland. 4th wk Feb Col. H.V. &Tol. February Colusa C;ovin. & Lake.. January. & Mac<»n. February . Cuuiberl'ud Val. November. Day Ft.W.ACh.. January. Deny. & RioGr. Dcs Moin. & No. Dc» .M. & N'weal Det.BayC.AAlii Det.I.ans*<&No 1st wk Mch February February Febniary 4th wk Fob . l>uluth8.8.AAtl 4thwkFeb East Louisiana. February i;.Tenu.\'a.AGa. December. Knoxv. AOhio December. Total sy.stem 4th wk Feb Elici"Jol..vEa«t. January... .January. Empire A D'hlin|Kovembcr. Kllz. Lex. AB.8.. IstwkMch H.llstwkMch Eyaas.AInd'plls Bvansv. A T. . 8,231 4.774 177.412 48,430 50,280 7,794 3,743 61,822 885,735 68,753 18,632 145,014 24,075 57,445 526,534 4,272 101,109 11,914 3,123 81,042 485,736 30.144 4,025 3,605 16.155 102,168 43,632 24,740 15.308 20,011 205,859 2,116 43,500 16,5.58 54,110 248.702 30,342 20,264 41,045 180,574 1,742 12.084 84.438 45,677 126.000 7.223 14,382 43,000 20.463 21,423 6,600 026.380 65,335 138,178 46,297 57,809 3.162 6.023 19,007 29,574 300,557 Interoc'ulc(Mi) December. RAILROAD EARNINGS. Road;. * 496,233 71,412 23,503 Illinois Centr'ln. .January... l,485.0rtO 1,355,421 of each month. 183.517 4,228,490 223,682 231,01.j 4,503,363 4,459,505 944,977 924,347 218,826 225,298 1.163,802 1,154,911 4,992,585 4,840,093 1,687.335 1,516,416 21,073 21,032 93,558 95,266 234.064 193.430 1,429,377 1,480.982 455,149 443,776 1,884,526 1,924,758 4ir,.23(> 399,389 136,796 134,099 16.251 17,906 405,785 296.390 600,027 558,295 152,814 112,826 40,247 35.483 44,185 47,967 3,020,221 2,237,379 119.348 95.067 1,336,755 1,405,845 iMUtt IHU*. • 536,067 478,651 261,165 33,032 78.068 193,088 133.206 367,150 72,314 38,399 477,868 3,292,684 641,048 177,080 - AM. regular subscribers of the Chronici.e. Extra copies are sold to subscribers of the Chronicle at 50 cents each, UTid to others at $1 per copy. Tlie General Quotations of Stocks and Bonds, occupying Bt. P. 1 lo Week or Ho '90 or '9 1. "89 or '90. 1800 or '911 1889 or '90 AMD iJatlroail InMIigjettJCje. Jan. ": J'k'nv.T.AK.Ww January... wk Mch 4th wk Feb 4th wk Feb 4th wk Fob KanawhaA.Mich Kan.C.CI.A8p K.C,F.8. AMera. K.C.Mem. A Bir. Kentucky Cent Keokuk A West St I I wks Dec. 4th wk Feb KlnRst'n A Pern. 4thwk Jan L. Erie All. A 8o February L. Eric A West.. 1st wk Mch 4,0.53 wk Mch 4.311 57,314 29,879 13,710 213,113 30,258 24,901 Louisv.ANashy. IstwkMch 3.50,720 Louls.N.AACh. IstwkMch Louis.N.AACor. December 45,749 Looisv.N.O.AT. IstwkMch Lou. 8t.L.ATex. 1 st wk Mch Lynchb.ADur'iu February Memphis A Chas 4th wk Feb 67,602 LehlehA Hud.. February L. Rook A Mem. 1th wk Feb February Long Island Louls.A.Mo.Riv. December — Louis. Ev.ASt.I... 1st 495 6,91.^ 13,000 20.882 120,618 76,273 93,011 52,846 30,183 7,990 109.328 137,280 IstwkMch IstwkMch JMexlcanCent... JMex. National Wk Feb. 28 [Mexican R'way Mil.L.Sh.AWest Milwaukee A No Mineral Range.. Mlnneap.ASt.L. M.8t.P. &8.8.M. Mo. Kan. A Tex. Kau. C. A Pac. Mobile A Birm.. Iritwk Mcli IstwkMch February . Febnmry . February February February 4th wk Feb Mobile AOhio.. February MontereyAM.G. February . 5-<7,373 33,656 3,081 13.308 79,802 5,120 9,23" 80,224 23,878 00.210 7,020 4.324 4,587 55.80 24.200 13.04 182,832 39.451 21,140 337,100 41,100 282 50,433 0,406 4.600 25,343 125,724 70.982 72,049 58,639 30,773 6,802 93.172 148,620 596,891 19,540 5,089 247.300 29,700 308,586 179,2'20 1,449.504 6.158 105.676 26,000 6.410 1,485,080 73.446 308.053 1,660.000 307.227 5,949 1.55.920 73.105 49,737 49,595 705.271 199.299 1,073.956 58,794 9,586 9,912 533,507 00,499 128,.303 450,091 415,214 253,491 3,451,090 425,983 14,023 731,845 07,403 24,000 294.083 1,211,786 755.435 749,92 409,741 275,222 17,.590 219.028 287,954 1,237,164 49,009 48.749 600,186 148.103 23,590 5,149 284,495 1.089,190 893.974 74.098 ,043,271 15,937,006 15.530,216 Nash.Ch.ASt.L. January... 3.57,713 357,713 114,101 10.812 105.638 107,002 167.002 Western A Atl, January... 53,990 18,812 18,812 16,908 N.Y. A January... N. Jersey 9,748 30,271) 12.261 11.520 Orl. A Gull February New 10,809 2,732,996 2,703,853 5,740,848 H. R. February N. Y. C. A 660.428 74,547 673,747 N, Y. L. E. A W. January... 2,172,279 2,155,785 2.172,279 129.832 11,724 615,258 591,544 7,223,989 N. Y. Pa. A Ohio December. 683,141 606,911 N.Y.AN.Eng.. December. 482,780 473,200 6,029.126 57,828 76,513 31.323 N. Y. A North'n. February 3,694 66.068 32,743 40,279 365.432 30,292 282,314 N. Y.Ont. A W.. 1 8t wk Mch 453,465 45,380 38,618 16,242 15.818 N.Y, Susq. A W.. January. 7,557 115,0.-8 104,466 115,088 13,464 9.934 NorfolkAVVest.6 IstwkMch 9,934 150,060 151,095 1,436,136 131,582 1,428,021 1,327,565 N'theast'u(8.C.) December 090,822 64,486 03,707 392.785 329,198 North'n Centra: January... 495,501 559.118 150,200 495,561 79,050 74,290 Northern Paeitlc IstwkMch 374,084 325,832 3,627,252 7,052 149,346 2,115,442 1,971,158 OhioAMiss 71.5,829 94,555 80,723 IstwkMch ,717,408 2,329,830 2,717.408 Ohio ANorthw, February 30,094 13,510 15,423 643,093 517.315 70,214 1,474 000 814 Maysy. February Col. A 444,614 4,286,745 4,032,171 OhioKlver 77,916 10,737 4,261 4th wk Feb ,852,333 1,893,407 1,852,333 Ohio Southern. February 96,083 44,263 37,958 424,915 370,165 32,047 46,958 2,815 6.075 Ohio Val. of Ky 4th wk Feb ,154,917 2,120,359 2,311,393 Omaha A St. L. January... 35,150 50,201 35,156 645.724 727,491 83,386 Imp. Co. October... 414,646 390,302 3,702,651 Oregon 488,806 Penusylvauia 485,736 488,806 5,312,475 5,142,311 5,312,475 January. j. 224,917 198,397 PeoriaDec.AEv.llstwk Mch 26.045 103.974 14.151 17,598 137.388 146,395 5,233 43,1481 43,001 43,1481 [January...] PeterBburs 7,701 8,106 3,937 352,002 352.602 327.8111 Phila. A Erie... Jauuivry. .. 133,510 96,749 9,321 1,712,090 A Read'g January. 1,712,090 1,500,730, 686,387 Phlla. 685,251 94,2,56 CoalAIronCo. January... 1,443,7001.151,256 1,443,700 327.420 307.804 38,647 3,155,8512,717.980 3,155.851 both Cos. January. Total 197.826 193,382 24,149 2,804 3,134| 6,760i Mar. A Ch. February 118,436 Pitts. 109,805 14,422 11.5,874 1,357,093] 127,362 West'u November. " 117,576 Plttsb. A 110,895 "" 17,138 450,408 37.226 45,680! Pitts.Cley.AT.i November. 188.612 1,407,197 1,447,651 269.184! 20,897 27,5121 Pitts.Paiu. AF". November. 3.227 3,687 1,108 340.4831 39.841 40,175 "Total system IstwkMch 76,775 89.188 37,957 54,827] 51,8'27 100,212 January.. PUt.Young.AA. 119,974 133.907 14.495 43,875 43,875! 33,019| Aug. January. 448,012 Pt. Koyal A 581.012 41,933 40.9031 37,151 40,903; J inuary... PtRoy.AW.Cai. 239,113 2,063.274 1,957,197 Pres. A Ariz. Cen.' December. 134,594 11,400] 11,088| 24'i,363 243.530 27,420 42.150 19.670' 17,7091 February QuliicyO.AK.C. 35,878 48.199 16,669 511,200 480.800! 1,031.550 270,065 Rlch.ADauville.;February 310,812 35.247 345.000] 109,7001 158.000 February Midland.. Vir. 328.190 385,617 164,143 178,500] 87,.500| 88,700] Oliar.Col.AAu. February 1,206 1,742 1,266 182,350 9j,S0*>i 93,400l Col. A Greeny. February 20,309 25,296 13,040 157,150 71.250 73,800 West, No. Car. February 75.043 330.550 154,300 151,700, February Pac Georgia 39,539 45,677 39.539 18,2.50 7,950] 8,050 Wash.O.A W.. Fi'bruary 125.000 1,305.500 1,234,930 23,275 10.4001 11,575 Ashy. A Spart. February 11,023 15,412 5.750 2,542,400 Total By.s'm. IstwkMch 209,775, 284,350, 35,1'25 20,809 17,367| 25,368 27,236] 25,368 90,821 Blch. A Peterali. Januaiy... 89,922 51.331 26.419 2.181 Gr'de South. Istwk.vlch Rio 154,538 164.709 20,958! 840..523 26.200 48,150 wk Feb ;4th 231,048 Rlo Gr. West. 229,678 25.769, 310.985 310,985 283.037 10,198 Rome W. A Ogd.' January... 17,100 6,460 13,217 5.0U4 6.785 Sag.TuscolaAH.f February 5S7;799 0,783.836 5,832,249 8t.L.A.AT.H.B's 4th wk Feb 220.497 22,037 26,600 581.501 707,.547 .50,421 746,267 68,333 63,034 Ark.ATex. IstwkMch 185.807 130,671 1,233,774 1,227,200 8t.L. 77,354 95.107 39,222 Bt. Paul A Dul'th' February 46,297 39,222 170,220 175.003 1,564.0,84 52.442 S.Aut. A Ar. Pass November. 57,809 91.234 52,442 12,543 12,783, 12.289 .Fran.AN.Pac,i4thwkFcb] 32.991 82,347 1.333 21.123 41,000; 42.102 Sav, Am. A Mou. February 54.095 63,760 5.041 6.376 6.640> 107.633 Seattle L. 8. A E. l »t wk Moh' 189,702 18,278 , . . . . . . . . . . . . . ! . . . . i . . I . . . . . . . . . . ' . ' 034.31S 65,783 131.983 1,189.150 81,224 1,151,982 7,54* 101,198 23.63« 3,123 1,335,421 61,917 1 366,967 037,387 290,178 6,095 90,48$ 79,808 46.238 59,408 748,044 224,378 1,036.053 60,409 9,175 9.242 518,.572 47,444 112,295 386,427 463,028 179,589 3,405,273 371,470 11,814 667,640 61,412 9,404 317.81§ 1,246,820 706,895 683,814 497,852 234,689 15,113 197,957 354,323 1,226,.505 41,605 44,504 538,93'7 53,400 308.586 16,908 26.206 5.627.259 2,155.785 6,653,816 5,650,504 80.905 322,886 104,466 1,354,404 617,265 559,118 2,780,140 717,692 31,046 1,208 91.036 82,929 32.363 50,261 3,!>71,175 5,142,311 125.032 43.061 327,811 1,566,730 1,151,25« 2,717,986 5,316 1,286.189 452.796 203.508 355.964 106.213 33.019 37,151 128,508 35,735 1,007,100 318,800 172,300 184,008 149,894 340,575 16,098 21,132 2,501.777 27.236 i-'o.-'.Sl'o 283.037 10.97.% 186,446 720.518 164.597 1,266,690 78,035 43.870 52,411 IHE CHRONICLE. 424 Latest Earnings Reported. Jan. 1 to Latest Date. BOISB. ireefcorJfol'90 or '91. '89or'90. SUvcrton .Tanuary. fllouxCity&No. November Boutli Carolina February Spar. Un. &Col December. . . . . [ 1 7,025 34.619 179,000 12,860 nil. 149,161 12,808 1890 or'9lll889 or '90 S 7,025 283,677 356,747 128,545 niL 291,445 121,990 fVou The final statement for the 4th roads shows a gain of 4-46 per cent. 4(A week of February. 1891. week Lil. of February on 98 1890. Tiierease. Decrease. $ Prev'ly report'd (49road8) 4t.Top.it 8. P. system... 3,991,284 3,683,975 3T3,679 66,370 495.978 511,783 45,805 Roads J'tly owned ^.. 19,005 29,619 10,614 331,061 4,285,678 3,937,291 St. Louis A S. Frau 141,166 137,656 3,510 107,977 1,160,331 1,101,569 Roads J'tly owned ^a. 18,434 29,062 10,628 MorKan'sL&T. December. 654,447 5,800,832 5,435,352 68.043 67,195 848 192,708 Burlington C. R. A No. 225,630 N.Y.T.&Mex. December. 22,333 9.225 9,104 121 Tex. & N. Orl. December. 180,829 1,871,818 1,747,805 Cape Fear A Yadkin Val. 72.144 81,497 Atlautic sya'iii December. 1,334,478 1,296.617 13,344.285 12,414,723 Chicago St. P. A Kan. C. 9,353 30.144 26,045 4.099 Pacific systeu) December. 2,670,217 2,406,237i34,857,711'33,92S,4g6 Chicago A West Mich .205,859 188,612 Total of all.. December. 4,010,695 3,702,884 48,201,995 46,343,209 Cln.N.O.AT.Pac.(5 roads) 17.247 Cleve. Akron A Col 16,558 14,495 2,063 Bo.Pac, RR.— 248,762 239,113 9,649 Kg. Div. (Cal.) November. 175,130 176,308 2,139,668 2,003,394 Cleve. Cln. Chic. A St. L. Peoria A Eastern 30,342 27,420 2,922 80. Div. (Cal.) November. 537,530 491,724 5,950,568 5,611,392 41,045 35,247 Arizona Div.. November. 5,798 176,810 177,286 1,850,209 1,706,435 Colorado Midland 20,463 20,958 495 New Mex. Div. November. 90,936 865,523 Detroit Lansiug A North. 82,483 957,589 138,176 136,671 Btaten I. Rap. T. January. i,505 55,139 51,617 51,617 East Tenn. Va. A Ga 55,139 55,978 •15,434 Stony CI. ACMt.. January. 71,412 1,107 1,151 Flint A Pere Marquette* 1,151 1,107 32,236 Somniit Braueb. January. 23.563 113,887 62,632 62,632 Florida Central A Penin. 8,673 113,887 43.559 Lykens Valley January. 51,859 8,300 74,786 55,699 74,786 55,699 Grand Rapids A Indiana. Cincinnati R. A Ft. W.. 8,227 Tot'l both Co'.s January. 673 188,673 118,330 8,900 188,673 118,330 Other lines .5,017 4 306 T»l.& CoosaVal. January... 711 6.000 6,564 6,000 6.564 Tenn. Midland.. February 324,706 25,483 13,310 350,189 16,301 30,739 32,496 Grand Trunk of Canada. Chicago A Gr. Trunk. Texas & Pacilic IstwkMch 112,273 103,714 1,227,475 1,308,062 73,163 68,753 4,410 Det. Gd. Ha V. AMU. .. Tex.S.Va'&N.W. February 20,239 3.191 18.632 3,677 6.344 1,607 7,310 Tol.A.A.cSiN.M. Istwk Mch 3,879 968 22,354 4.847 20,947 168,664 193,234 Kanawha A Michigan Tol. Col. &Cln-.. IstwkMch 6,502 2,735 5,751 9,237 5,618 54,132 49,018 Kansas City CI. A Spr. T0I.& Ohio Cent. IstwkMch 24,237 88,337 86,224 2,U3 22,306 222.188 207,009 Kan.City Ft. S. A Mem.. ToL&O.Cen.Ex. December. 10,621 27,503 23,878 3,625 8,397 109,312 95,905 Kansas C. Mem. A Birm. Tol. P. <t West.. 4th wk Feb 7,304 18,079 7.020 284 20,428 143,987 149,620 Keokuk A Western Tol.St.L. &K.C. IstwkMch 13,746 28,840 26,783 13.047 699 266,422 267,905 Little Rock A Memphis.. Tol.&8o.Haven. January... 1,694 20,882 4)461 25.343 1,736 1,694 1,736 Memphis A Charleston. Ulster&Del.... January. 19,665 93,011 17,003 72,649 20,362 19,665 17,008 Meitican Railway Union Paoiflc— Mobile A Birmingham 5,149 5.089 60 Or.S.L.&U.N. December. 649.259 553,406 7,488,031 6,512,345 tOhio River 10 737 4.261 6,476 Or.Ry.&N.Co. December. 512,781 357,678, 4,9.54,711 4,576 136 Ohio Val. of Kentucky... 6.075 2,815 3,260 St.Jo.&G'dl8l. 4th wk Feb 12,061 48,150 26.200 18,786! 21,950 116,418 228,359 Rio Grande Western... Un.Pac.D.&G. December. 484,180 431,5891 5,783,136 4,595 095 St. Joseph A Gr. Island.. 12,061 6,725 18,786 AH otb. lines.. December. 1,734,768 2,070,913 23,569.778 22,718,367 St. L. Alt. A T. H. Brches 26.600 22,037 4,563 Tot.U.P.Sys. January... 3,025,792 2.427,5361 3,025,7921 2,427,536 San Fraucisco A No. Pac. 12,783 12,543 240 OeBt.Br.&L.L. December. 55,579 101,7641 6,600 726 5.874 974,472 854,960 Seattle L. S. A Eastern. Tot. cont'led December. 3,505.153 3,674,573!44,023,720l40,524,s60 Toledo Peoria A Western 2,349 18,079 20,428 Montana Un.. December. 82,192 68,366 958,964 766,161 Leav.Top. & S. December. 2.124 roads) 216,869 4,047 Total 6,510,675 30,993 (93 6,232,820 494,724 31,149 Man.Al.A Bur. December. 3,729 4,849 39,006 35,698 Set Increase (4'46 p. c.) 277.855 Joint.own'd.ia December. 44,022 38,631 514,482 416,503 Grand total. December. 3,519,176 3,713,204 44,538,202 40,941,063 * Earnings from ice were nil this year, against $16,400 In 1890. U.S'kYds.&T.Co January. 263,034 238.984 263,034 238,984 t Decrease caused by flood; passenger traffic resumed on 27th, freight Vermont Valley January... 12,495 11,670 12,495 11,670 Wabash IstwkMch 238.751 221,057 2,178,234 2,329,806 on 28th lust. Wab. Chest&W. January... 4,673 4,458 4,673 4,458 The following will famish a comparison of the weekly reWash. Southern Junuary. .. 24,131 23,121 24,131 23,121 suits for a series of weeks past. Western of Ala. February 51,029 50.943 112,560 110,840 West Jersey January. 93,089 WEEKLY GROSS EABNINOg. 84,507 93,089 84,507 W.V.Cen.&Pltts. January. Increase. 91,776 69,377 91,776 69,377 West V.& Pitts. December. 8,265 Amount. Period and number of roads 1890-91. 1889-90. 7,140 West.K.Y. & Pa. 1st wk Mch P. el. 62,000 included. 61,900 596,675 570,044 $ $ Wheeling&L.E. IstwkMch 7-50 20,223 53,5,259 19.589 197,948 184,218 3d week of Sept. (91 roads). 7,671,874 7,136,615 WIL Col. & Aug. December. 84,226 84,713 9,786 000 8,779,540 1,006,460 11-46 970,254 891,289 4th week of Sept. (84 roads) Wisoonsiu Cent. IstwkMch 6-42 79,818 72,020 463.849 765,367 717,653 1st week of Oct. (90 roads). 7,685,626 7,221,777 WrightST.ATen. January. 9,100 500 372,785 7,625 9,100 7,625 2d week of Oct. (90 roads). 7,829,721 7,456,936 Zanesv. & Ohio. January. 2-63 11,26 9,741 200,921 11,261 9,741 3d week of Oct. (89 roads). 7,829.621 7.628,700 5-26 555,802 a wnole system, Inoludmg Iowa lines. week of Oct. (92 roads). 11,125,64610,569,844 4th 6 Includes in both years 6-21 432,645 Scioto Valley Div., and It^ryland & Washington Div. week of Nov. (89 roads) 7,404,413 6,971,768 (Shenandoah Ist week 5-98 423,530 Valley.) of Nov. (89 roads) 2d 7,509,890 7.086,360 I Mexican currency. </ Main Line. 6-25 433,762 3d week of Nov. (89 roads). 7,378,313 6,944,551 On 54 roads which have reported for the first week of 4th 1-99 172,410 week of Nov. (92 roads). 8,830,294 8,657,884 4-35 March the increase is 4'79 per cent. 296,003 1st week of Dec. (91 roads). 7,102,264 6,806,261 3'21 219,115 2d week of Deo. (89 roads). 7,038,326 6,819,211 5-24 353,408 3d week of Dec. (85 roads). 7,094,015 6,740,607 Itt week 0/ March. 1891. 1890. Inereate. Deereatt. 4th week of Dec. (90 roads) 9,127,520 8,089,594 1,037,926 12-83 «~~ 5-93 317,238 1st week of Jan. (84 roads). 5,660,996 5,343,758 $ 5-49 S 316,081 2d week of Jan. (87 roads). 6,074,416 5,758,335 Bait. & Ohio Southw 44.263 46,176 1,913 3d week of Jan. (86 roads) 571,728 10-15 6,205,470 5,633,742 Buffalo Roch. & Pitts. 40,172 34,113 6,059 5-68 476,514 4th week of Jan. (94 roads). 8,862,920 8,386,406 Burl. Cedar Rap. & Nor. 82,442 69,769 12,673 3-25 191,343 Ist week of Feb. (90 roads) 6,083,905 5,892,562 Canadian Pacinc 317,000 257.000 60,000 5-20 317,471 week of Feb. roads). 6,105,776 Cape Fear & Yadkin Val 2d (92 6,423,247 11.257 10,767 490 4-41 263,361 Chesapeake & Ohio 3d week of Feb. (84 roads). 6,235,559 5,972,198 150,788 131,582 19,2061 4-46 277,855 Chicago & East. Illinois 4th week of Feb. (93 roads) 6,510,675 6,232,820 74,258 70,214 4,044 4-79 197,951 Chicago Mil. & St. Paul. 1st week of Mch. (54 roads). 4,334,255 4,136,304 461,558 444,614 16,944 Chicago 8t. P. & K, Cltv. 81,042 83,386 table fol2,344 The Dates.— Earnings Monthly Net to Latest Cincinnati Jack. & Mack. 16,155 9,321 6,834 Denver & Rio Grande... full lowing shows the net earnings reported this week. 126,000 125,000 1,000 EvansviUe & Indianap .. 6,023 5,041 detailed statement, including all roads from which monthly 982 Bvans. & Terre Haute... 19,007 18,278 729 returns can be obtaiued, is given once a month in these G-rand Rapids & Indiana. 44,730 50,286 5,556 columns, and the latest statement of this kind will be found Cincinnati R. & Ft. W. 9,089 7,794 1,295 Other lines 5,268 3,743 in the Chronicle of February 21. The neit will appear in 1,525 Orand Trunk of Canada. 324,541 365,735 the issue of March 31. '4i",19i Iowa Central 35,207 33,056 2,151 Kanawha & Michigan. -Ifel Eamings.Oross Earnings 5,492 5,120 372 l«ke Erie & Western. 1890. 1891. 1891. 1890. 57,314 55,867 1,447 Loulsv. Evansv. & St. L $ Roads. 24,961 $ 21.140 3,821 Louisville & Nashville 61,180 64,580 Ohio Southw. 188,521 350,720 Bait. A Jan. 185.006 337,100 13,620 Louis. N. Alb. & Chic.... 491,445 506,573 1 45,749 July to Jan. 31... 1,393,090 1,423,005 41,100 4,649 LouisvlUe N. O. & Texas, 67,662 50,433 26,582 36,158 17,229 117.766 Buff. Eoch. A Pitts. Jan. 191,422 ^nisville St. L. 4 Texas 6,915 6.466 355,396 449 July 1 to Jan. 31... 1,417,852 1,121,684 364,473 Mexican Central 120,618 125,724 Mexican National.. 21,749 5,106 CJlilc. A West Mich. Jan. 19,475 109,311 98,260 76,273 70,982 5,291 Milwaukee U Sh. & West. 14,555 52,846 Det. Lans. A North. Jan. 16,646 58,639 86,650 77,811 MUwaiikpc <s Northern.. 5,793 30,183 30,773 21,221 Ohio Kiver Hew York Ont. & West. Jan. 18,400 50,532 48,685 590 45,386 38,618 6,768 •Norfolk & Western, Philadelphia A Erie. Jan. 110,-274 85,956 352,602 327,811 150,060 151,095 northum Pacllle 'i',635 374,084 "48',252 Ban Fran. A N. Pac. Feb. 325,832 344 dof. 4,164 41,774 36,565 •Ohio & .Vississinpl" 80.723 8,686 Jan. 1 94,555 to Feb. 28... def. 91,234 72,035 5,834 Peorta Decatur ABvansT. 13,832 17,598 July 1 to Feb. 28... 153,510 14,151 189,-295 493,339 558,633 3,447 Plttshurir & Western 40,175 39,841 334 Bich. <k Danv. (8 roads) South Carolina 40.728 Jan. 80,881 177,747 142,284 269,775 284,350 Bt Louis Ark. 4[ Texas.. July 1 to Jan. 31... 1,048,050 237,626 14,575 869,734 435,129 68,034 58,333 9,701 Beattle 1.. S. A Eastern .. Wabash, 330,017 Jan. 6.640 994,852 1,121,909 208,906 6,376 264 Texas & PnclHc ... July 1 to Jan. 31... 7,979,2-23 8,394,596 2,226,952 2,618,536 112,273, 103,714 Tol. Ann Arbor AN. Mloh.' 8,559 22,354' 20,947 Whitebr'st Fuel Co.. Jan. 19,977 1,407 9,406 TolodoCol. & Cinn.. 5,751 5,618 133 Toledo & Ohio Central July 1 to Jan. 31... 87,260 91,734 24,237 22,306 1.931 Toledo St. & Kan.City. 28.840 Interest Charges and Surplus. 26,783 The following roads, in Wabash 2,057 238,751 221,057 17,694 addition to their gross and net earnings given above, also Western N. Y. * PennKj 62,000 61,900 100 Wheeling A Lake Erie... report charges for interest, &c., with the surplus or deficit 20,223 19,880 634 Wisconsin Central 79,818 above or below those cliarges. 72,020 7,798 Total (54 roads) '-Inter't, rentals, rfc^ .-Bo/. 0/ Net, Earns,^ 4,334,255 4,136,304 289,889 1890. 1891. 91,938 1890. 1801. Met Increase (4 79 p. co* ft di Roads. 197,951 * One day less In 1891. Chic. A West Mich. Jan. 3.027 23,575 18,722 def. 4,100 Det. Lans. ANorth.Jiin 26,399 26,399 def. 9,753 def. 11. 844 Bo. Pacific Co.— Gal.Har.&S.A. December. Loiil.s'a West.. December. I 334.922 87,5»7 753,170 22,729 136.121 . . . . . . . . . . . . . . . . . . . . . . . . . i A . . . . . . U I — I i • I ffl . 1 1 1 I MABOn W THE CHRONICLE. 14, 18S1.] 425 INCOME ACCOUNT, ANNUAL REPORTS. 1888. KteetpUNet eamlnoa DIvldendH, Interest, MisHOiiri Pacific Railway. Ti.iiil December 81, 1890.^ Tlio new milpaKC added during the year to tiie whole sysThe average mileage operated in 1890 toiii wa8 only 31 miles. WHS HO miles greater than in 1889. Oil the whole svstera of roads operated the gross earnings w. ic s:.-,,;!70.344, an increase over 1889 of $1,876,876; operat-; increased 52,469,845; net earnings were 17,367,ii $7,960,.'>83 in 1889, a decrease of $593,968. The Oi 7'9 jKJr cent over 1889 and 14'3 percent gros.s earnings increased CFor the year ending net Ao , . . . . Innome ]h In— Int. Dlvii. ids a 1890 1889. « ,.Ai\ Rate olOlvldeud Taxes, rentals, Ac 2,966,601 94 1 ,370 8,707,392 8,908,087 5,689,182 5,.'V)6,774 2,836,718 •1,539,120 2,468,485 1,768,994 4 793,275 2,.'>98,14a 6,010,754 + 678,428 6,009,828 *3>s Commlaslona onbonds Loss on St. L. & San Fran, stock. 941,523 260,000 283,230 6,649,69 Total disbursenienta —1,841,664 Balance for year 1,«81,7I>0 1,823,498 4 688,187 -1-496,946 I over 1888; oi)erating expenses increased 15'9 per cent over 1889 and 1 3-5 per cent over 1888; net earnings decreased 7'4 increased 16'2 per cent over fer cent compiired with 1889 and S88. The tonnage mileage, or tons hauled one mile, increased in 1890 no less than 21 '95 per cent, and the passengers carried one mile increased 19'46 per cent over 1889, and these two items account for the large increase of $1,003,031 in expenses of conducting transportation. The increase of $501,710 for maintenance of way was due chiefly to the laying of 55 miles of steel in the tracks and to the maintenance of an average of 90 miles more of road, and increased expenses in the bridge and building departments. The maintenance of cars increa8e<i $396,476, owing to increased renewals and repairs. In 1890 the average rate per ton per mile was 1*03 cents, against 1'13 in 1889, 1-15 in 1888, 1-33 in 1887, 1-38 in 1886, 1'38 in 1885, 1-46 in 1884, 1-57 in 1883 and 1-63 1883. This decrease is partly due to a reduction in rat«s, but also due in part to an increase in low-class tonnage carried, such as grain and coal. The oiierations, grass earnings, operating expenses and surplus earnings of all lines operated for the years 1889 and 1890 m were as follows Miles operated. average.. Operationt— isseUKcrs carried WHOLE <ScC., 1889. 6,019 1890. 5,125 Inc. or deerea»e_ 106 Inc. 6,177.974 5,635,977 Inc. 458,003 197,547,252 235,986,594 Inc. 38,439,342 2-16 cts. 2-45 cts. 0-'2!) cts. Dec. Fieight,ton8, ciiriled.... 6,813,391 7,465,823 Inc. 6.52,432 Trtclit, tous,car'd one m. 1,428.576,39/ 1,742,129,301 Inc. 313,552.004 1-132 ct«. i;at« perton permilc.... l-024ot8. 0-108 cts. Dec. F.aniings— 9 9 F-rom frel(?lit 16,178,134 17,813,244 Inc. 1,665,110 From pasHengers. 4,845,650 5,090,017 Inc. 244,996 From malls 703,794 735,473 Inc. 31,679 From exprcR* 495,087 484,376 Dec. 10,711 From rcnta 47,471 51,874 Inc. 4,403 I'rom mlsceUaneouB 1,223,329 1,164,730 Dec. 58,600 russengerBPar'doDem.. Total eamtngs Disrating exiiensee Surplus earnings Ratio oper'g. exp. to earn . 23,493,465 15,532,883 25,370.344 Inc. 18,002,729 Inc. 7,960,582 66-12 p. c. 7.367,615 Dec. 70-96 p. c. Inc. 1.876.877 2,469,345 592,968 4-84 The gross and net earnings of the several properties .eparately, were p. o in 1890, : Mo. Pao. R'y & branches. -t. L.Iron Mt. & So. E'y. nt. Br'ch Un. Pac. RR. laliaWars. ifeSo. Ry.. • Total Orois Ifct Inc. or dee. in Earnings. Eamingi. Net Eamingt. 13,506,529 10,859.173 974,472 30,170 3,281,823 3,889,4s7 198,843 def. 2,538 25,370,344 7,367,615 Dec. Dec. Dec. Dec. Inc. 425,569 125,877 51,574 10,060 592,970 LAND DEPARTMENT. The business of the land departments of the St. Louis Iron Mountain & Southern and Little Rock & Fort Smith railways daring the past year, and since date of commencement, shown in the following table is : UWe ^Sl. L. I. M. (t S. ICu-^ Mo. Div. Ark. Dfc. No. acres granted and purchased.... 139,376 1,343,117 !Mo. acres unsold Dee. 31, 1889 96,984 726,893 lu^|.^snla during 1890 price per acre in 1890 - uuHold Dec. 31, 18SI0 aiKiunt of sales In 1890 Ived in 1890 11,549 Roek (tFl. Smith BailKuy. 1,057,763 545,810 16.419 $3 28 532,190 $54,746 $53,194 39,982 $2 89 693,217 $125,521 *122.257 cUxKlln 1890 $.39,878 $87,930 .'pt.'* since commencement.. $227,2.36 $2,632,590 $2,421,007 xp 80S since cominencement.$107,467 $1,076,967 $931,180 <'ablcoutstand'gI)ec.31,'90. $32,412 $508,520 $400,129 $109 ' • Including town 85,843 $12,614 $14,615 $9,250 lots. EARNIKOS AND EXPENSES. 1888. Kaminga— December 31 3,119 1890. 3,145 $ $ $ 2,663,354 8,286,682 1.624,184 2,742,808 9,174,427 1,589,294 12,378,641 12,576,120 13,506,529 aiiii.unnc«of cars H.pllKneous 3,182,360 2,747,811 2,404,075 718,288 359,446 3,157.180 2,567,155 2,062,862 783.662 297,969 3,816,510 2,963,092 2,183,590 938,751 Total expensei et camliigs 9,411,980 2,966,661 8,868,828 3,707,392 10,224,706 3,281,823 ''I'-'i'l and miscellaneous Total earnings Eipentrt— ransportatlon otivc power iuntcimucoof way 1889. 465,545 131,791 Uuoolleoted aooounts Total assets 1890. $ 50,339,643 47,262.659 730,310 1.365.010 2,958,070 9 51,078,982 63,023,538 878,730 676,389 '4,639,377 95,995,642 102,650,692 11 0,297,016 — Liabititie§ Stock 43,974,850 44,376,000 718,217 Jan. 2,463,517 Funded debt I terest duo and accrued Vouchers for Dec, pay. fol. Advances II M isoollan eons 18.006 4,445,052 Income account (surplus) Total liabilities ST. 41,974,850 44,376.000 731,620 1,904,268 5,840,470 47,426.300 51,376,000 932,939 2,510,881 2,431,466 5,123,483 5,619,430 95,995,642 102,650,691 110,297,016 LOUIS IRON MOUNTAIN & SOUTHERN RAILWAY. EABNINQS AND EXPENSES. 1888 1889. December 31 Earnings from Passengers — 1,190 1,308 $ $ 1,597,877 5,865,627 Mail, express and miscellaneous 621,142 — Maintenance of way M alntenance of cars General Total expenses Net earnings * Including Little Rook & Ft. $ 1,784,070 6,526,877 663,847 2,149,724 7,945,726 783,723 8,084,646 8,964,794 10,859,178 1,947,644 1,432,937 1,131,301 892,297 185,853 2,083,197 1,464,192 1,051,259 401,612 191,181 2,716,627 1,854,968 1.582,798 583,969 232,325 5,090,032 2,994,614 5,191,441 3,773,353 6,969,687 3,889,486 Freight Total earnings Expenses Transportation Motive power 1890. 1,560 Smith, <&c., in 1890. INCOME ACCOUNT. 1888. Xeeeipts— $ Net earnings 1889. 1890. f 2,994,614 60,239 3,773,355 3,054,853 4,061,884 3,916,843 2,407,300 409,003 2,407,626 1,030,248 2,414,506 798,979 773,294 3,821,018 3,988,779 +238,550 + 240,866 GENERAL BALANCE DECEMBER 31. —69,936 Other receipts Tetslnet income Disbursemen ts — Interest on bonds Taxes, bridge expenses, Dividends &c Total disbursements Balance for year 2,816,303 1888. Assets— $ Cost of road and equipment 58,825,096 Land grants 2.373,578 Investments In stocks and bonds.. 10,225, 143 Casbonhand 61,014 Miscellaneous 32,048 Total assets lAabilUies— Stock 71,516,879 288,529 383,144 1889. $ 61,020,524 2,310,452 8,425,499 3,889,487 27,356 1890. $ 30,810 61.468,037 2,201,976 8,559,632 315,979 33,754 71,927,165 72,879,378 1.39,880 25,731.025 39,516,548 25,763,950 25,784,200 39,780,007 39,780,691 852,000 913,000 753,973 753,051 721,493 1,950,248 972,205 1,643,980 3,565,035 3,805,950 3,736,014 Funded debt Car trusts Interest due and accrued Balance of accounts payable Incopie account, Total UabUltles ...71,516,879 71,927,163 72,679,«78 New Albany & Chicago Railway. ("For the year ending December 31, 1890.^ The annual report is not yet issued in pamphlet form. During the year past the company spent on improvements $1,077,554 the floating liabilities one year ago were $987,000, and the floating debt now is less than $2,000,000, offset by $2,800,000 gold bonds in the treasury. The President's report concludes as follows " While the business of the year shows a substantial improvement, it should not be taken as an indication of the possibilities of the property. During the past year the road was operated at a LonisTille : 1889. 3,119 2,939,725 7.790,949 1,647,967 issoiigers Iail,i\pre88 Cosh bat 31. $ Cost of road and equipment 47,973,121 Invcstmi'iits In stocks & lionds. 46,744,254 Materials aud supplies on hand. 680,931 cent, ; MIBSOURI PACIFIC RAILWAY (PROPER). lUes operated 1888. Auttt— Miles operated 8T8TEM. Ratei per pass'r. per mllo. ' UENBRAL BALANCE OECEXBEB : OPEBATIONS, EASIONOS, BZPBNgES. s"o. The dividends actually paid in the year 1 888 were 6k per the Income account iu the report gave only 3>s, as above. * 322,7,54 disadvantage, owing to the fact that some 15,000 car-loads of the company's material were hauled, and repairs were being made during the busiest part of the season. During the lam four months, or since the new locomotives have been received, the company showed increased gross earnings at the rate of over $25,000 per month. It is confidently believed that the gross earnings of the present year will not be less tbaa $3,000,000." In advance of the printed report, the figures for 1890 haTe been furnished to the Chbomcle, and the lollowing compara tive statement is made up : • THE CHRONICLE. 426 [Vol, LI. business advantageously and economically ; a condition we confidently hope to attain the coming year." $ * $ Of the coal and coke department the report says: "Your taming»:fnm600,909 s.fsnT 585,037 544,688 collieries at Coal Creek have not sufficient capacity 1,668,187 1,802,315 company's 1,573,552 i|2?;l?l i?S^^r"::-.:::::::-.:::: 226,908 to meet the demands of the market, and it is now the inten242,599 174,542 157,898 &o express, Hail, tion of your management to make new openings to secure the 2,292.782 2,495,823 2,630,132 necessary increased product, and at the same time, by the inGross earnings ?'?§2'f^i 1,630,879 1,544,113 1,424,677 1,4 89,698 Operating expenses troduction of improved machinery, materially reduce the cost 999,253 of mining." 951,710 ~805,925 868,105 Het earnings 62-00 61-87 Of the iron and steel department it is said: "The opera62-14 64-89 p. c. ol op. ex. to oam'gs. tion of the iron and steel department, considering the various INCOME Accotrar. EABNINGS AND EXPENSES. its 1890. 1889. 1838. 1887. 1887. 1888. 1889, 1890. $ Ifet earnings 805,925 868,105 *957,186 S 999,253 interest Kentals, taxes, &o Interest on car trust SiS-f}? 228,641 25,uou 581,775 282,458 573,965 276,345 782,078 82,077 $ A 864,155 850,310 864,233 3,872 sr.106,876 sr.135,098 803,455 2,469 Total charges Bur. sur. Balance has had to overcome, has been fairly satisfacstrike in the rail mill and difficulty in obtaining tory. suitable cars upon which to load finished rails caused delays and extraordinary additional costs during several months. Tlie results of careful and extended investigation and prospecting of iron ores has resulted in removing all doubt as to your company's possessing large bodies of rich ore, superior in quality to that heretofore used, and sufficient in quantity to meet the requirements of any additional blast furnaces which may be redifficulties it Southern "^^"includes $5,476 net earnings ol Louisville There is no reason why your company should not manufacture Bessemer pig as low as any plant in the counIn this connection it is proper to state that it has been try. deemed wise to take advantage of the present depressed steel and iron market to urge to completion the extensive new con» struction, improvements and betterments decided upon" * * " The apparent loss of $13,320 in this department for the year A large portion of the earnings under the head is misleading. of miscellaneous in the statement of earnings and expenses was Boai quired. Grand Rapids & fFor the year ending December 31, 1890.^ The annual report of President Hughart states that the Eailroad proper groTs'earniiigs of the Grand Kapids & Indiana 18-5 per cent The were $2 601,978, an increase of $310,813, or were §1,743,032, an increase of $218,579, or 14-3 per The net result was the largest in the history of the the result of the operations of this department. rent per company being $858,946, an increase of $92,232, or 12 $1,351,750 earnings for 1890 increase in freight earn- The gross 229,934 cent over the previous year. The The gross earnings lor 1889 to the principally due was cent, per 226 or ines'of $320,976, $1,121,816 Increase for the year tons, from which the ice traffic which amounted to 161,998 account of the revenue to the company was $230,639. On the steel rail department was idle in 1889 no compari"As of the comdistance which it bad to be moved and the nature son can be made for 1890 but the merchant iron department low, moditv the rate per ton per mile was necessarily very shows an increase of 90 per cent in volume of business, with a but notwithstanding this the net result was satisfactory. decrease in cost of $5-94 per ton, and a decrease in average shows The result of the year's operations of the main line price received per ton of $1-14." there which the net earnings to have been $858,946, against Of real estate, the report says " The policy of continuing leaving a was charged $739,900 for interest on funded debt, our sales of real estate, which was explained to you in the unon interest surplus of $119,683. From this was deducted report for the year 1889, has been continued, with the result funded debt, losses on leased lines and rentals at Fort Wayne, of marketing the same to the aggregate of $1,038,583. Up to of clear net $30,293, in all $89,390, leaving for main line a of the embarrassment of Baring Bros, our sales of com- the time against a loss last year of $28,433. The net profit to the real estate were active, and at that time negotiations were in previous the lines was $46,261; pany for the operation of all progress for half a million or more dollars worth of property Veai ihere was a deficit ot $20,766. The sales in the land de- unfortunately, the financial stringency occurring in October for acres, $316,851, to 36,690 amounted partment for ihe year made it impossible for the class of people who usually deal in an average of $1122 per acre. The unsold land remaining Western property to secure funds neces.sary for their operaacres. 329,844 to amounted At the time of writing Jan. 1, 1!:90, tion, and negotiations partially ceased. The Cincinnati Bichmond & Fort Wayne Road again shows this report, owing to the general improvement, there is a operaof the year's results in the improvement a satisfaciorv marked tendency to continue operating in Pueblo real estate, considerably tion, and the earnings, both gross and net. are and sales have been consummated within the past thirty days increase of an were $471,296, earnings gross The increa.sed. exceeding $150,000." * * * an inwere earnings $165,853, net and ctnt, per 55 or $24 572, The general remarks state that " the number of Colorado Coal crease of $48,656, or 41-5 per cent. After payment of interest & Iron Company's bonds belonging to the sinking fund in the on funded debt a surplus of $3,854 remained, against a deficit Trustee's hands represent $345,000 par value, an increase of of $8,982 in 18S9. The amounts advanced by each of the $67,000 during the past year. Your management, in view of Indiana Kailroad. «™s ; : . ; guarantor companies, including interest to December, 1886, are as follows: Pennsylvania Company, $377,603: Grand Bapids & Indiana, $377,044 Chicago Hamilton & Dayton, $8^,646 Chicago St. Louis & Pacific, $9,700; total, $1,131,995. For the Grand Eapids & Indiana Railroad proper, earnings, expenses and charges for four years have been as follows EAENINCS AND EXPENSES. ; ; : 1888. 1887. Ifiles Passenjters Freight Mall, express, 409 403 .*„„„ operated Bamtni/s— , je 1890. 408 $ 718.894 730,203 428 734,408 1,371,200 1,419,825 127,180 152,447 ZJHS2 1 ,.'>13.3._!9 101,o93 Ac 1889. 1,740,801 131,412 2.301,901 Total Oper. exiKsnses and taxes. 1,516,997 2,232.788 1,528.597 2.291,166 l,524,4n3 2,602,416 1,743,032 844,904 64-23 Per cent op. cxp. to earns. 704,191 68-46 766,713 66-54 859.384 Neteamings the many interests in their care, deemed it wise holdings in the South Pueblo Water Company. lars per share (par $50) was obtained for the stands upon the books of the company at a cost ' ' Neteamings 1889. 1890. $ a $ $ land in Colorado, is in process of development. Two wells have been drilled, the first producing 80 barrels per day and the second still undetermined. A refinery of the capacity of 200 barrels per day is nearly completed, and this enterprise, which is an entirely new one to your company, promises the most satisfactory results." The following comparative statement of earnings and m- come account does not include Miscellaneous *850,533 704,191 766,714 859,383 715,600 719,428 47,443 17,138 737,425 54,553 739,700 8.646 3,168 89,390 & CFor The report of Mr. Edward December J. -1890.Orosa -1889.Net Croat Eammgs. 104,387 Coal and coke dcpartm't. 1,028,279 229,935 loss 15,231 Iron anil steel departm't. 26,359 3,897 •Real estate departmeut. 15,843 15,843 Miscellaneous earnings... ' Earninga. !fet Eamingi. 248,734 1,201,965 1,351,751 loss 13,321 10,770 30.059 185,715 185,715 Total.. 1,300,416 108,896 INCOME ACCOUNT. 2,769,490 431,898 . 1888. 1889. ]890. 293,922 6.226 108.896 14,481 431,898 68.727 300,148 209,910 1,360 9,042 123,377 209,940 500,625 209,940 2,342 2.416 34,076 $ Iron Company. the year ending : \ Total 724,246 784,009 795,146 829.090 Brtmce sur. 126,'287 def. 79,818 def. 28,432 sur. 30,293 'Includes profits of Mack. Trans. Co.— $5,629. Colorado Coal sales of real estate EABNINGS AND EXPENSES. Earnings, Dtiliict— Interest on bonds Interest on flouting debt. . Your coal oil property at Florence, which embraces the choic- est oil 66-99 1888. stock, which of $51-25 per share. INCOHB -ACCOCNT. 1887. to sell their Seventy dol- Neteamings Add Income from 31, 1890. ) Berwind, President, stages tbst the increase over the year 1889 of $1,469,074 in gross eaniings and $322,003 in net earnings of industrial departmenth finds tiie company practically in the position of haviii- i-arncd $i 40 per share (2 4-10 per cent) on the stock, after iwying intere»t on bonds and all charges whereas in the previous year there was a deficit of $192,818, after paymeut of interest on bonds and all other charges. " It is highly important that your comHe remarks tbat pany should possess adequate cash working capital, arid it the purpose of your nianagem'^nt to defer the payment of ; : i.-, dividends until sufficient profits shall have been accumulated to place it in the strongest financial position, and to conduct investments, Ac Total Less interest on bonds Less premium on bonds Interest, discount and exchange Taxes and insurance Items to prolit and loss Total Surplus Royalties earned and credited to coal. coke and real estate capital accounts during the year, included in operat- Ingexpenses 5,305 1,421 15,636 44,108 45,089 11,365 316,194 225,647 74,501 df.192,817 85,808 58,722 61,192 •This does not Include salesof real estate, which in 1890 amounted to *1,023,583. March THi: CHRONICL*: 14, 18»1.J and GENERAL INVESTMENT NEWS. bond'4 to Im< 427 thus acquired are offered to tbo itookbolder* Chicago & We«t Michigan Railway Coinpaiir. The bonds will Ije delivered with the guaranty of the Culled lionds. The following bonds have been called for Chicago & West Michigan liailway f;ompany of prinpayment cipal and interest, and the stock will be entitled to COUNINO COWANRSQUE & ANTRIM RAILWAY.—68 o£ 1888, the same dividends that may, after ita iwne, be paid accrued due May I, 1898, to be paid at par and interest on pre- upon the stock of the (Jhiogo & West Michigan Railway sentation at the office of the tidelity Insurance Trust & Safe Company. The issue of first mortoage bonds will be limited 835 Chestnut Street, Fliiladelphin. De|K)t<it ComiMiny, No. The Chicago & Weot Michigan Company in- to $18,000 per mile. terest ceasing May 1, 1891, bonds for 1180,000, being 174 bonds reserves the right to issue its own shares to stockholders, infor 11,000 each, VIZ.: stead of, or in exchange for, the iharea of the new company, Nor. 3. 13, 17. IS, 27. 32, 33. in. 51, 01, 70, 73, 81, R7, 80. 100. ll,->. if it shall be found practicable and desirable to do so. Each 120, HO, ltd, ISO, l.-il, 152, IHO. IHl. 188. 190, 1»«, 202, 2l!». T2-1. holder of 40 shares of Chicago & West Michigan stock is of the — 258, 205, 270, 27J, 277, 287, 288, 2>.tl, 21(8, 30!>, 337, 338, 304, 307, 309, 372, 37H. 387, 420, 428, 435, 437, 445, 45'), 4,57, 458. .l.M), 490, 409, 511, 532, 540, 552, 502,501,508, .593, 594, 0O7, Oil, 013, 018, 028,029,(138, 000. OsO, 088, 097. 714, 728, 745, 759. 773, h38, 840, 848, 849. 853. 855, 801, 803. M77, 908, 923, 931, 941, 945. 947. 950. 902. H7((, 081.980,994.990,1001, 1012, 1010,1023. 1027,1032, 1047. UMi2, 1009, 1078, 1083, 1084 1080. 1006. 1102,1115,1130,1131,1134, 1102, 1171, 1174, 1178, 1184, 1187, 1191, 1198. •2iH. 230, 2!I5, 2i)!l. 890, 482, 669, «41, 779, 881, 233. 23!*, 218, 300, 304, 307, 400, 410. 422, 423, 483, 488, 492, 493, 570, 673, 582, 587, 0,50, 050. 058, 005. 796, 798, 814, S30, 890, 900. 904, M(i, given the right to subscribe for a block of the new securities of the Chicago & North Michigan Company, consisting of a $1,000 5 p( r cent 40-year guaranteed bond and five shares of full-paid stock of the new company. For this block each subscriber will pay $950. The right to subscribe will be given to stockholders of record March aqd assignment of rights will close and the subscription lii>t on April 4. CoDistoek Tunnel.- This company is paying the two coupons due May 1 and Nov. 1, 1890, on its income mortgage And 12 bonds for $500 each, viz. Lionds. It is understood that the mining companies have Noa. 1203, 1205, 1200, 1212, 1220, 1237, 1240. 1282, 1285, 1287 paid up their royalties, which were withheld for a time on 1290, 1300. New York Mutual OASLiaHT.— The principal of the fol- account of the suit by a few holders of old Sutro stock, though lowing first mort}?age bonds will be paid at par on May 1, the suit is yet pending. Dnbnqiie & Slonx City— Cedar Falls & Ninripsota.— In re1891, at the Union Trust Company of New York. Registered bonds before presentation must be made payable to bearer by gard to the litigation between these companies, it will be remembered that in October last the United States Circuit Court the transfer officer. One hundred bonds, viz. KOB. 104. 433. 439, 440, 446, 450, 460, 471, 472, 482, 485, 489, 497, held that the lease of the Cedar Falls & Minnesota to the Du.507, 575, 577, 582. 050, 053.654, 6,50, 009, 093, 696, 704. 709. TU, buque & Sioux City was valid, but that the Illinois Central 714, 70H. 709, 781, 795. 830, 837, 850. 880. 890. 898, 902, 908, 930, was in no way bound to the Cedar Falls & Minnesota. The 935,937,904.973,974,970,984.988. 989, 1036, 1037, 1043, 1000. 1072. 1077, 1082. 1091,1107,1112,1131, 1133, 1148, 1152, 1157, Dubuque & Sioux City has given notice tliat it will appeal the 1158, 1170, 1170, 1190, 1192, 1211, 1235, 1237, 1238, 1241, 1257. case to the Supreme Court of the United States. 1260. 1202. 1280. ISOl, 1309, 1318, 1319, 1323, 1327, 1331. 1333 Geergia Southern & Florida— Seaboard & Roanoke.— 1340, 1341, 1359, 1381, 1380, 1387, 1388, 1393, 1416, 1433, 1438, The recent announcement of the acquirement of the Georgia 1481, 1482. Northern Pacific Missouri Division first mortgage bonds Southern & Florida by the Seaboard & Roanoke through Mr. to be paid at 110 and interest on presentation at the office of John M. Robinson, the P resident, seems to have been premathe Farmers' Loan & Trust Company, interest ceasing May 1, ture. A dispatch from Macon, Ga., states that an application 1891, one hundred and ten bonds of ^OOO each. The numbers for a receiver for the Macon Construction Company was filed of these bonds and the facts relating to their payment will be on the 10th inst. in the office of the Clerk of the Superior Court by John S. McTighe & Co., contractors. The construcfound in the advertising columns of to-day's Chronicle. tion company has built a road from Macon to Palaka, Fla., Chicago Milwaukee & St. Paul.— The following is the 286 miles, which is now in operation, and is building two report for the six months ending Dec. 31, 1890, on which the other roads, one from Macon to Savannah and the other from dividend of 3}^ per cent on the preferred stock was declared Macon to Birmingham. Of the latter road about one hundred Gross earnings $15,190,420 miles are in operation, and the other road is nearly all graded, Operating expenses, including taxes 9,560,521 with the rails down for a few miles. The construction comNet earnings pany owns all of the $5,629,899 roads. Two liens were filed at the same OtUer income 22,320 time, one for $290,000 and the other for $96,600. Total, slxmontbs Kentucky Union.—Judge Barr, of the Federal Court at $5,652 219 fixed cliarges 3,618,423 Louisville, Ky., has appointed H. F. Kean, of New York, receiver of the Kentucky Union Railroad. Mr. Kean is a New Credit balance $2 0.33 795 18, : S"* per cent dividend 764,396 Surplus Chicago $1,269,399 & Northern Pacific—The application to the N. Y. list Chicago & Northern Pacific bonds mortgage is fixed at $30,000,000, from wiiich $18,850,000 can be used only to pay for property acquired; $650,000 to retire a mortgage to the city of Chicago; $399,000 to retire bonds of the Chicago & Great Western Railroad; $1,000,000 to pay interest up to April 1, 1893, if necessary, and $9,101,000 for improvements, betterments, rolling stock, &c. There have been deUvered $18,850,000 to pay for the property and the $1,000,000 to pay interest. Wisconsin Central an* Northern Pacific guarantee sufficient income to pay the in- Stock Exchange to states that the terest. The property of the company consists of extensive tracts of land in Chicago, with the railroads and terminal buildings erected thereon. The cost of the buildings is calculated at $1,400,000 and improvements and equipment at $3,6150,000. The company owns cliarter rights, &c., &c., which are deposited with the Farmers' Loan & Trust Co. The capital stock authorized and issued Ls $30,000,000. A full abstract of the mortgage, showing property covered, &c., will be given in the Chronicle next week. Chicago Rocit Island & Pacific -Chicago Kansas & Nebraska.— A press dispatch from Kansas Citv, March 12, says : "Judge Caldwell, of the United States Circuit Court, has signed the decree of foreclosure in the case of the Rock Island Road against the Chicago Kansas & Nebraska, and the kitter line is now to be disposed of at public sale to satisfy the Rock Island mortgage of §28,000,000. The date of sale has not yet been fixed." Chicago & West Michigan.— The directors of the Chicago & West Michigan Road have just issued to their stockholders a circular announcing a plan for the extension of the Traverse City hne to Bay View, Mich., a point two mUes beyond Petoskey, in all a line of about 93 mUes. To this end, parties acting in behalf of the Chicago & West Michigan Railway Company have organized a cortwration, imdcr the laws of Michigan, called the Chicago & North Michigan Railroad Company. In view of the great advantage to the road from controlling the busine.s3 of this new Ime, the directors have agreed to find the means of constructing and equipping it and to permaneBtly operate it as a part of their line, uiwn terms which will result in the Chicago & West Michigan RaUway Company becoming the owner of substantially the whole stock and of the entire bond issue of the new road. The shares York banker. LoiiisTillc & Nashville.— At a meeting of the directors of the Louisville & Nashville Railroad Company, held in New York, the office of Chairman of the Board was created, and Mr. August Belmont was elected to occupy the position. He will be in control of the New York office of the company. Mr. Milton H. Smith, heretofore Vice-President, was elected. President, with offices at Louisville, Ky. Louisville New Albany & Chicago.—The annual meeting of the stockholders of this companv was held in the company's office at 47 Broadway, N. Y.,"on the 11th inst. The regular administration ticket contained the names of only three candidates for directors, to serve for four years, and the following were chosen: Jno. E. Russell, Boston; Allen G. Lampson, Boston, and John A. Hilton, of New York. Mr. W. S. Alley protested against the vote under the clas.'sifioation, and demanded that a full board of thirteen directors be voted for. The President allowed his protest to be read. The total vote cast was 31,400 out of a total of 50,000 shares. All but 800 shares was voted for the management ticket. The 800 shares were cast by R. W. Leonard (in the same interest as Mr. Alley) for 13 directors. After the election Mr. Leonard claimed that the vote for three directors was illegal, and that his board was elected. Mr. R. C. Downer, of Boston, then voted 4,9.50 shares for thirteen directors in the interest of the present management, so that in case the vote for only three should be held illegal the present managers would stiU be in power by a large majority. The board of directors elected officers as follows: President, William L. Breyfogle; First Vice-President, George F. Postlethwaite; Second Vice President, Hiram W. Hunt; Secretary and Treasurer, William H. Lewis; Assistant Secretary and Treasurer, John A. Hilton; Executive Committee— H. H. Campbell, Willis Bumstead, Gilbert B, Shaw, John B. Hughes and George F. Postlethwaite. Lonigville New Orleans & Texas.— In the application to the Stock Exchange, the following statement is made of the earnings and income account for Uie year 1890 : Gross earnings Operating cxitcuscs Earnings over o])eratlug expenses Taxes Rentals Interest and discount Intere.itou bonded debt Miscellaneous expenses Surplus $3,236,566 2.402,420 $834,137 $01,883 1,637 17,445 588.090 13^204— 712,690 $121,446 1H£ CflRONlCLK 428 Missonrl Kansas & Texas.— The following is an official statement of the earnings and expenses for the year ending Dec. 31, 1890, under the receivership : -Gross earnings $9,004,005 , Operating expenses (including rentals) .......,....-.'7&X08 •-- $6,450,958 m^f^oi) — OjOiOf^oy $2,390,766 I,4eb,i97 Net earnings Amount expended for betterments $894,568 Surplus LVoL. LII. A issue of the remaining Terminal bonds of the company. stock vote was taken for directors, and at the same time upon the question of accepting the acts of the legislatures of Rhode Island and Connecticut authorizing the company to guarantee the bonds of the Rhode Island & Massachusetts Railroad to an amotmt not exceeding $1,500,000. There was only one ticket for directors, and the propositions were adopted. The fellowdirectors were chosen J. A. Bostwick, Thomas Rutter, John !. Macaulay, Sidney Dillon, Henry Hentz and Alex. E. Orr, of New York Charles A. Sinclair, Eustace C. Fitz, Charles Hov^ard, Jonas H. French, Charles A. Prince, A. W. Nickerson and Samuel A. Carlton, Boston R. H. Deming and B. F. Vaughan, of Providence James L. Howard, of Hartford David S. Plume, of Waterbury George M. Landers, of New Britain, and Arthur Sewell, of Portland. The changes from last year's ticket are the substitution of A. W. Nickerson, Samuel Carlton and R. H. Deming for E. V. Carey, William A. Haskell and Nicholas Sheldon. The new board of directors held a meeting immediately after the stockholders' meeting and elected J. A. Bostwick, President, and James W. Perkins, Secretary. : ; Stocks Authorized or Offered.— The followa list of new issues of securities now offered for sale, or ing soon to be offered New Bonds and is : STATES, CITIES, COUNTIES, &C. Co., N. C— New bonds will be issued. ^ Alexandria, Dayton Co., Minn.— Bonds for refunding are autliorizea. Aktiocu, Paulding Co., Ohio.— $5,000 cemetery V)ond8 are proposed. Antwerp, Ohio.—'5,000 bonds are projiosed. , ^._ Ai'PLETON, Wis.— $100,000 public-improvement bonds are authorized. AUDCBON Iowa.- $8,500 bonds are to be issued. Bluffton, Allen Co., Ohio.— Jfew bondsare proposed for natural gas. Bristol Co., Mass.— $150,000 additional Taunton court-house bonds ..,. , . , , , Brookings, So. Dak.— $9,000 10-20 year 6 per cent school bonds are proposed. Co., N. Dak.— $135,000 refunding 5, 5^ and 6 per cent bonds, due in 10 to 20 years, are offered. Burlington, Vt.— $100,000 refunding 4 per cent bonds, due in 40 years, redeemable in 20 years. Bids will be receiyed till March 20 by G. D. Wcller, Treasurer. Chatfield, Minn.— Water-works bonds are proposed. Chippewa Fallc, Minn. Improvement bonds have been authorized. Chippewa Falls, Wis.—$100,000 manufacturing-aid bonds are pro- Burleigh posed. Cleveland, Tenn.— Water-works bonds are proposed. COLORADi'.— $300,000 5 per cent State-capitol bonds are contemplated. Columbus, Franklin Ci>., Ohio.— $85,000 5 per cent school bonds, due 1901, will be offered at auction March 26 at the FrontStreet School. Particulars of O. E. D. Barron. Clerk. Cottage Grove.- Bridge bonds are authorized. Cdtahooa Falls, Summit Co., Ohio.—$15,000 electrlc-llght bonds are New York Stock Exchange- Now Securities Listed.— 1 he (Joveming Committee of the New York Stock Exchange have added to the lists for dealings the following: Chicago & Northern Pacific Railroad.—$19,350,000 first mortgage 5 per cent 50-year gold bonds. (An abstract of the mortgage will Be published in next week's Chronicle.) (Chicago & Erie Railroad.— Additional $500,000 first mortgage 4 and 5 per cent gold bonds, making the total amount listed $10,500,000. (Abstract of the mortgage was in V. 51, p. 91) .) Cleveland Cincinnati Chicago & St. Louis Railway (White Water Valley Division).— $412,000 first mortgage iH per cent gold bonds. The Committee on Stock List are empowered to add to the list from time to time the balance of $650,000 when officially notified of the issue. Cleveland Cincinnati Chicago & & Columbus 1892, are to be refunded with 10-year 3 is per cent bonds. Dubuque Co., Iowa.— $125,000 4 per cent 25-year bonds are offered. EsTiiEBriLLE, Iowa.- $15,000 school bonds are to be issued. Faribault, Minn.— Railroad aid bonds are proposed. Fort Wcrtii, Texas.- $500,000 court-house bonds are proposed. Gainesville, Texas.— *30,000 bonds are to be issued. Oarrettsville, Ohio.— $6,000 railroad-aid bonds are proposed. Greeneville, Tenn.— Water-works and street-improvement bonds have been authorized. Hastings, Minn.— Bridge bonds are proposed. Hastings, Neb.— t20,0ii(> .-chool bonds are to be issued. Lake Co., Min- .—$20,000 road 5-20 year 6 per cent bonds are ^proposed. Lynn, Mass.— $200,000 bonds have been authorized. Madelia, Watinwan Co., Minn.— Water-works bonds are proposed i~ ^ *" Manitowoc, Wis.— $10,000 sewer bonds are proposed. Melrose, Mass.— $3,000 water bonds are authorized. Milwaukee C.-., Wis.-$100,0OO county-building bonds have been "v^u authorized Mineral Point, Wis.— New bonds are proposed. Missoula Mon.—$2(1,000 20-year 7 per cent bridge bonds and $65 h'v.^.u^v^ 000 sewer bonds are proposed. Morristown, Tenn.-$5,000 uridge and school bonds are authorized Morris (Village), MiNN.-Bonds to fund floating debt are propos^ • and $310,000 waterworks bonds proposed. N. J.-$33O,00O SH. per cent market bonds, due 1916 Bids "*""'"*' Chauncey & Gwynne Bros., 10 Wall Street Vlf Marc* 24 NoBTii pAK.)TA.-$loo;o00 4per cent 30year funding bonds Bids will be received by I.. E. Booker, Bismarck, till Marcli 20 North Knoxville, TENN.-Sewer bonds have been authorizijd Renville, MiNN.-$10 000 water works 7 per cent bonds^l pronosed proposed. Roan Co., TENN.-Bridge bonds are proposed. Newark, poSr'^"''^'^'"'""*^'*"^ "*'*''"""'»'<"• ^"<l^ a>^ Pro- Lo»P C«nal bonds will be issued. 8?n? w'^xr'iP- MiNN.— M?f."-"~U-^'/*/S STILLWATER, $2o,000 refunding 5 per cent 30-vear bonds pm. wn lie received till April 4 by E. A^HopMns Jr OWKIollars 5 i.er cent permauent impr.5vement Jfty Ctok S60 bondl aie conteS'"'°<'« '"'' ^ "e issued. T^n«f TACOMA.-I.-n?i,?;^°*'?*^ $b50,000 bonds are proj^osed • ""'"'' ''""fls are proposed. ?iS'!L'i'"'i''^"''v; *''i9'''"° ?,'^^.*^'^'^''^'"' Co., Neb. -$10,000 water bonds are proposed Toledo, Ohi. ..--$7,000 market bonds are proposed" ^"''^^^• "-""•' Oa-o-^^-OOl? street-improvement bonds ^^Z^vro^.fa""'^ '^"';^^^;^^C''-9^^'^<'onvtrhou^ flve-yearSper cent bonds are bonds will be Issued. wp«i;".i'''7.?''w'^*'"''~*^<''0<'0 Weston Co., WvoMixo.-$20,0006percentfundlngbonds Commissioners will receive bids till April 6 w, WiNDOM, MiNN._$25,0O0 Thprn„«t^ * ^°'^^ wat«r-work« boids are proposed. RAILROAD AND MISCELLANEOUS COMPANIES ""* ""'"«^«« ""« *75.000 in- DJvl8ioni.—$l, 035,500 Louis Railway (Springfield mortgage 5 per cent gold St. first bonds. & Cleveland Railroad.—$1,282,000 Cincinnati Sandusky proposed. Dayton, Ohio.—$35,000 sewer bonds are proposed. Deer Co., Te- n.— $25,000 bonds are to be issued. Denmark (Town), Mink.— Bridpe bonds are proposed. District of Colu.mbia.— The $3,y00,0(M) bonds due July, 1891 and *'"SlS:e'^So?d''s'irpr^5;s^S:-*'''*''''«' ; ; ALEXANDER are proposed. ; ; tional first consolidated morigage 5 per cent gold bonds, total amount listed $2,477,000. Flint & Pere Maequette Railroad.—$300,000 consolidated mortgage 5 per cent gold bonds, listed $1,500,000. addi- making the additional first making the total amount Louisville New Orleans & Texas Railroad -$2,091,000 additional first mortgage 4 per cent gold bonds, $217,000 additional second mortgage income 5 per cent bonds, making the total first mortgage bonds listed $16,132,(500 and second mortgage bonds .$8,851,000. Oregon iMPROvtMENT Company. -$4,991,000 additional consolidated mortgage 5 per cent gold bonds, making the total amount listed to date $5,981,000. The Committee on Stock List are empowered to add to the list from time to time the balance of the bonds, $890,000, when they shall have received ofiicial notice of issue. St. L uis Iron Mountain & Southern Railroad.— $5,675,000 additional general consolidated mortgage railway and land grant gold 5 per cent Bonds, stamped and guaranteed by the Missouri Pacific Railway, making the total amount listed $(>.956.000, Toledo Ann Arbor & North Michigan Railway.— $1,400,000 first consol. 5 per cent gold bonds. St. Louis & San Francisco.^A press dispatch from St. Louis, March 9, said "A special meeting of the stockholders of the St. Louis San Francisco Railroad Company was held to-day. It was called for the purpose of increasing the capital stock of the company $10,000,000, and it was adjourned to meet April 9, at which time the proposition will be voted upon. The adjourament was in pursuance of an understanding between the Atchison Company and the committee representing the holders of the first preferred stock and for the purpose, it is said, of enabling them to successfully terminate certain negotiations now pending. The meeting called for March 9, to act upon a proposed increase of the bonded indebtedness of the company, was not held. Another meeting having the same purpose in view has been called for May 9." Union Paciflc. This company offers to purchase, on or .before March 19, 1891, for account of the Oregon Short Line Utah Northern Railway Company, shares of the capital stock of the Oregon Railway Navigation Company in lots of five shares, or multiples thereof, at par, and to pay for the same in collateral trust five per cent sinking fund gold bonds (at par) of the Oregon Short Line <%; Utah Northern Railway Company, due September 1, 1919, guaranteed principal and interest by the Union Pacific Railway Company. Certificates of stock held in England and Europe will be received for exchange up to April 30, 1891, if accompanied by the dividend payable thereon April 1 next. r & — & & Western Union Telegraph.— The estimated net earnings for the quarter ending Dec. 31, 1890, were $2,000,000 the actual were $1,729,023, or $270,978 less than the estimate. The estimated net earnings for the quarter ending March 31, 1891, compared with the actual results in the same quarter of 1890, are as below given. -~—(juarter ending March 31.-; . ^ Net revenue Deduct— Intereston bonds SlnUngfund ''"ftoVk?s?ot**vSt^'^S. It ^^-"^^ was votedTo ratty and & SprinKfiol.1 Railn Id *«"« <" 9.000 Shares preferred LlTrm ^hA to author^^^^h '" tWs week. ^T^"" ^^^ Providence T^ "/ Net revenue Lessdividend Actual, 1890. Ettimated, 1891. $1,554,153 $1,500,000 $223,143 20,000 (II4 Surplus for quarter Add nominal surplus Jan. 1 Nominal surplus March 31 — $223,458 20,000 243,143 243,458 $1,311,010 p. c.) 1,077,396 $1,256,543 c.) 1,077,400 (1'4 p. $233,614 $179,142 9,357,303 11,141,995 $9,590,917 $11,321,137 .he bonds of the Wheeling & Lake Erie. A special meeting of the stockrro;idenoe^&"spd^i!;^%^,i^r,n*°*^^ Railroad to an holders of the amount not exceedine -SI 000 0<W to rft;^ Wheeling & Lake Erie Railway Company will • Jea«. of the Woonsocket Pascoag due^tors to take such action & th« l^ilroa,?.?^ "^^^'P" r^f,r-^23U'?yr^rel^: be held on April 15 next at Toledo, O. for the purpose of considering the question of increasing the capital stock of the company by issuing 9,000 sliares of additional preferred stock. , HlROH U THE CHEONICLB. lUVI.J 429 COT TON. ^ommzxcml %xmts. COMMERCIAL EPITOME. 'ght Friday Night. March Friday. Thk Moyembjtt of thk a.1 from the South to-night. Is bales, this evening the total receintH have reached 87,541 against 112.570 bales last week and 196.896 baleo the preTious week, making the total receipts since the 1st of Sept., 1890, 1891. 18, P. M.. March 18. 1891. Indicated by our teleirram* given below. For thn week ending (^rop. A storm on Sunday and Monday of this week, extendiiiK over the whole country, wa-s unusually severe, causing lo<al 6,009,512 bales, against 5,490,7.58 bales for the same neriod of flo<«ia that were more or less destructive, and givinj; reason 1889-90, showing an increase since Sept.l, 1890, of 518,754 bales. the Mississippi. PlantinK operato fear a serious overflow of tions are somewhat delayed, and are l)ei5mnin(? to be l)ehinil- Rectipttat— in Southern and Middle latitudes. «alea to realize caused the loss of part of the recent advance. DAiLT oLOsnia psiOM or ULBo Hamb delivery o. April delivery o. M»y delivery Junedellveiy.. Julrdrllvery Sat. itbn. Tuet. G-07 6-12 ti-12 617 620 633 644 o. o. 628 ...o. 6-38 615 6-27 6-39 6-50 Wtd. 6-34 6-39 6-42 6-54 6-6« 6-78 Thwr. 6-45 «-49 655 6-63 6-78 FH. braced 25,000 lbs. pickled bellies, 8(§ 11 lbs. average, at 5c., closing quoted at follows Pickled bellies, 4:%@5\{c. pickled Smoked shoulders, shoulders, 3f^c., and hams 7U(37Sgc. 4%@5c., and hams, 8i-^@9c. Tallow is firmer and fairly Active at 4J'8C. Stearine is quoted at l^c. in tcs. and oleomargarine firmer at G^c. Butter lower at 29® 36c. for creamery. Cheese is steady at lOtfUJ^c. for State factory, full cream, ; 17-6.50. June 1700c. September 17-450. 17-300. July 16-850. 16-600. October 16-20o. 1 5-65o. December 14600. August ToUU. 1.053 ».03I 200 200 29,319 4,602 2.972 3,609 8,527 816 264 623 177 48 3,322 2,855 3,226 1,380 1.879 1.432 1,411 904 2,421 659 600 32 13,094 1,411 4,610 168 300 351 163 89 1,248 890 425 1.751 3.106 1.420 975 2,587 1,607 340 388 277 4 816 308 223 85 916 155 972 327 831 1,091 1,267 1.331 1,167 483 50 39 13 203 4.135 216 1890-91. 48 4 9,680 3,938 1,357 5,364 2,746 529 137 787 137 1,096 87.541 Pbtl'dera, 42,696 20.066 29,319 1,783,509 4,502 271,120 34,700 48 13,094 990,450 1,411 170,475 4,516 426,272 21,586 ,834,114 711 231,580 28,870 898,585 160,089 310,969 309,095 37,304 190,651 12,440 60.257 2,816 35,749 31,964 12,185 11,796 20.224 4,605 22,841 1.521 9,630 3,938 1,257 5,364 2,746 Boston .. 137 &o 1,096 4,778 3,181 1,792 165 16,112 1.802 131,133 3,732 384,570 313,895 52,146 99.183 64,051 76,586 63,323 141.546 10,000 5,717 5.49S 7,867 111,396 g.OOO 5,313 16,273 54,735 5,490,758 689.113 454,783 323 177,431 3,739 561,588 304,838 85,542 97,734 82,513 46.656 39,118 2,865 1,926 1,837 2,408 1,647 1,984 2,924 87,541 0,009.512 Totals 1890. 813,519 22,611 4 .. 1891. 1889. 408 687 West Point. NwptN.j&o Baltimore. 1, 6,363 1,248 tforfolk Stock. Since Sep. Thit Week. 909,800 23,340 200 P.Boyal,Ac Wilmington Wa8h'tn,&c dew York. 1889-90. Since Sep. 1, 1890. 9,031 Bruns., dto. Obarleston .. closing quiet. Coffee on the spot has been quiet and closes easier. Rio No. 7 sold to-day at ISl^c. for early arrival and ISc. to be shipped; quoted on the spot at 18}^c. Mild grades are inactive. The peculation in Rio options has been less active; prices weak«ned in s.i mpathy with the dulness of the spot market, which caused some selling to realize. Some advance at the opening this morning on stronger European advices was lost in the later dealings. The close was barely steady, with sellers as follows: May 813 9,786 2.406 5,290 Thi» Week. . . March AprU m. TAwrf. 1,461 For comparison we give the following table showing the week's total receipts, the total since September 1, 1890. and the stock to-night, compared with last year. ; : 1.30e rotalstblsweek 13.760 16,540: 22.066 11.257 10.629 13.289 6-33 6-37 6-40 6-54 6'66 6-80 ; ; Wed. Tuet. 2,166 Pblladelpli'a,Ao 6-56 6-93 6fO o. August delivery Receiptf to Pork has been active and buoyant, closing in fair demand March 13. but barely steady at the advance quoted at $10 25^?10 7.5 for old mess, $11 75;^ $12 35 for new mess, $9 75@$10 50 for extra prime and $11 75'(J$18 25 for clear. Beef more active at Salveston El Pa80,&c. firm prices extra mess, $7® $7 35 packet, $7 50,S$8 family, 48 50a$9 50 jier bbl.; extra India mess, $13@|15 per tierce. Sew Orleans. Beef hams have been very active, and prices are decidedly Uoblle higher at §15@$15 50. Cut meats have been very active and Florida prices show a partial improvement. The sales to-day em- Savannab. .. ; 2,233 Baltimore nrmsM. 6-07 6-12 6-15 MOH. Sat. Food staples have generally advanceil, and some of them now bring extreme Oalveaton El Paso, Ac... prices from apprehension of scarcity. Cotton shows less depression. General trade improves, but cannot be called active Haw Orleans... The shipping interest is quite depressed, Mobile in any department. Florida much tonnage being unemployed. Lard on the siMit wa-s fairly active and prices were buoyant 8avaunah Brunsw'k, Ao. down to the close of yesterday's business, when prime City brought 6c. and prime Western fi-43^c.; but to-day there was Obarleston Port Royal.&o aome reaction, and the close wasquiet at5-8535'90c. for prime Wilmington •City and 6-82i^'c. for prime Westeren, with refined for the WaiA'gton.&o Continent quoted at 6-40cd6'80c. The speculation in lard for future delivery became quite excited, and prices made sharp Norfolk West Point... Advances. Tlie demand was largely to cover contracts, and wa.s N'wp'tN'8,Ao. prompted by the smaller number and lighter weiirhts of swine arriving at Western iwints, and the belief that production must Kew York be greatly curtailed for some months to come. But to-day Boston hand In order that comparison may be made with other years, give below the totals at leading ports for six seasons. Receipts —showing an irregular decline for the early months. Raw sugars have been fairly active and close firm at 5i^c. Muscovado and o%c. for centrifugal of 96 The sales to-day embraced 3,500 tons, 89 deg. test, -deg. test. atSi^c.and two cargoes of centrifugal, 96 deg. test, at 3 T-lCc.. c. f. i. The speculation in raw sugars for future delivery was dull to-day, and the close was nominal at 3'48@ 8-Mc. for April, 3-58d;3-64c. for May, 3-68 a3-73c. for June and 3'74'a3'78o. for July. Refined sugars at 6fjC. for crushed and 6i^c. for granulated; also granulated for April at 4^^c. The tea sale on Wednesday went off at steady pricos, the offering not being a large one. Kentucky tobacco is steady, but business is dull, only small transactions for export being reported. Seed leaf also has moved less freely, and sales for the week are only 1,390 cases, as follows: 3.50 cases 1889 crop, Pennsylvania seed, ll@15c.; 120 cases 1888 crop, Penn. seed, 13>^@U>^c.; 150 cases 1889 crop, Penn. Havana, 13}^® 30c. 330 cases 1889 crop, Wisconsin Havana, 8i^@13>^c.; 300 cases 1889 crop, State Havana 14@80c.; 100 cases 1889 crop. New England Havana, 16® 50c., and 150 cases sundries, 7@85o.; also 850 bales Havana, 70c.(a$l 15; and 217 bales Yara, II. cut, sold to arrive. On the Metal Exchange Straits tin is quiet at 30-15c. on the spot and 19-95c. for May. Ingot copper is entirely nominal. Common lead is quiet at 4?8C. The interior iron markets remain very dull, but prices are maintained by conbinations between producers. Further measures to reduce production have been adopted or are under consideration. Refined petroleum is lower at 7-3oc. in bbls., 9'40c. in cases and 4-70c. in bulk ;. crude, 7c. in bbls. and 4-45c. in cases naphtha, 7c. Crude certificates declined under Increased flow from wells and closed at 73i^c. Spirits turpentine closes weak at 41(a41i^c. Rosins are steady at $1 55(3$! 60 for strained. Wool is not active, but prices are pretty well supported. Hops are steadier. for fair refining ; ; at— 1891. Oalv'ston.&c New Orleans Mobile 1890. 1888. 1889. 1886. 1887. 6,771 21,586 325 953 376 799 815 Point, &o Al'otbers.... 9,231 29,319 4,502 13,094 4,516 1,252 9,630 5,195 10,802 2,865 3,763 12,144 3,969 12,958 18,101 2,781 5,899 5,908 4,823 3,562 6,949 8,639 4,091 6,256 Tot this week 87,541 54,735 80,026 47,333 57,716 57,743 Savannab. .. Cbarl'st'n.&c WUm'gt'n,&o BTorfolk Wt 711 4,773 1,792 6,338 25,898 3,073 5,813 2,923 6,081 19,688 we 813 3,287 2,504 4,404 17,308 3,182 8,758 5,400 3,729 29,170 1,782 3,677 3,225 Since Sept. 1. 6009,512 5490,758 5090,991 5022,261 4959,574 4727,174 The exports for the week ending this evening reach a total of 94,170 bales, of which 65,904 were to Great Britoin, 1,345 to France and 26,921 to the rest of the Continent. Below are the exports for the week, and since September 1, 1890, Week Bndinfl IfarcS From 18, Ormt GalTestoQ OonM- Total I Brit'n.; ***"«• iMnt. ertat Week, Brttoln. 18.265. 6«8.310'341,312 ii.'^.eii I 8.877 8377 127.624! 87,637! 4,884 4,400 9,234 117,729! 16,330, 6,967 800 7.787' 242.730| 11,849 48.912; 124,580j ... 81,780 e9.077| ... 74,867| 963671 — Charleston Wilmington...' Norfolk 90.1(0 j 4,624 Point... N 'portNw8,Ac. I 13,890: 4,824 2.860' 2.8«o| ' 1,S46{ 5,7U 20,449 6.977 8.1.368' 1.8t7 312,195' 29,118 188,748| 8,977 I.T09 1.586 ».«95, 47.962! 006! 80 7261 18,688 885.441 j ... 18.409 t95.88« 63,180 112,273 4.464 68.718 j Phllsdelp'a.&o Total Total. 1889-90. Total nent. 99.818 . Boston Baltimore "»*" 478,806. 21,933 Savannah .. Brunswick ... 1891 OoMi- ! i 13, 11.078 17,I»S, Orleans. Hob. & Penc'lal New York 1. 1890, to Mch. Saported to— 560 840 10.520 New West Sept. Bxported t»— BxvorU from— 1.9 601,167 465,203 7i.a67 560,702 120.223 328.913 154.977 298.191 150,310 69,077 483.684 I18.US U 118.080 18,602 4. 6e8,«et 1,845 26,921 94.170 2.003.823 475,983 1.601.U1 81.127 n.gio 15.184 97.801 2.170.268 444.9<:o'l.814.Ot0'M6»,»l« '66,904 THE CHKONICLE. 430 also In addition to above exports, our telegrams to-night shipboard, not Rive us the following amounts of cotton on add similar figures for cleared, at the ports named. New York, which are prepared for our special use by Messrs. Carey, Yale & Lambert, 24 Beaver Street. LVOL. The Sales and Prices of Futures March 13 cU— New Orleans... Other ports.... 10,919 3,950 None. 3,200 None. 4,800 4,200 7,000 Total 1891... 34,069 Galveston Bavannali Charleston.. Mobile Norfolk .. New York Total 1890... Total 1889... Coast- Other France. Foreign Great Britain. wise. 466 21,011 1,510 4,900 15,000 None. None. 2,900 3,000 10,624 None. None. None. None. None. 950 None. 5,299 2,100 400 None. 1,500 None. None. H 00 GS^c is? Q5?=| SSg^g o » pj (S ai OS Shipboard, not cleared—for - so CD f5 P CD- CO B M 7,755 12,904 37,387 33.187 -EC- Slock. Total. 266,075 31,937 53,257 17,149 37.304 13,924 133,496 32,242 43,020 10,759 7,000 18,600 None. 6,300 8,050 10,000 2: 00 : 48,321 9,765 103,729 585,384 C5 45,564 44,484 8,879 18.910 99,585 109,485 355.198 576,245 coop 15 00^ 2 <1^ advance on Monday morning of 18@ 30 points. A cold storm prevailed throughout most of the cotton region on Sunday and Monday, but little assurance was felt that the predictions of the bulls regarding reduced acreage would come to pass, and selling to realize profits caused the loss of part of the early On Tuesday the cessation of excessive rains advance. and a weak report from Liverpool at the South some "long" orders caused a further decline; but came upon the market, and these, with buying to cover, led to the recovery of most of the early decline. On Wednesday a larger spot business at Liverpool gave a moderate degree of steadiness to our prices, but dealings were slow until New Orleans reported a smart advance in futures, when our market became active and buoyant. It was said that buying orders to a moderate extent were received from the South. Yesterday the market was active and excited, prices varying widely. There was some speculative manipulation in the bull interest, said to be for Liverpool account. To-day the opening was slightly dearer in response to much better prices for futures at Liverpool and an active spot market there, but selling to realize caused our values to decline sharply, and they lost yesterday's advance. Cotton on the spot advanced i^c. on Monday, declined l-16c. on Tuesday and advanced i-16c. on Thursday. The market to-day was dull at 9c, for middling uplands. The total sales for forward delivery for the week are 661,000 —— 5 cao " > — €) y Ordinary Bcriot Ordinary Good Ordinary Btnct Good Ordinary low Middling Strict Low Middling MidUlinK GoodMiddlins; Btrict Good Middling Middling Fair lb. 6H 638 6'iie 6i3,e 7».6 7n,„ 7»8 7l6,f S'SlP 9 9% 913 9'8 93i lOia 1059 im 11 GULP. ft lb. 61116 71a 613,8 7I4 8>8 8 838 CD XQOOQp cox®cc Good MlddUnK MlddUngFair Tail.. STAINED. 8% 8\ 8i5,e 9'l8 913,, 108,8 lUifl 9 816,8 97,8 91»16 9''8 912 978 10=8 11^8 10=8 llie 6^ 6% 7'il8 Tb. Frl. 613,8 613,6 7J4 8l8 8% &i^: O tK'XOfO I . Middling....: 61a 658 713 85,8 MABKKT AND 8POT MABKBT CLOSEO, . Tuesday., cjniet at 1,8 dec. Wed'day. Steady .......!!: Thursday Hrm at in adv. bll,6 87„ 838 61,8 838 Ex- 6% 6% 7=8 87,8 758 I'otal. 221 235 194 114 357 320 221 1,411 1,441 235 194 114 357 320 V'O en ©,^: 10 to XX ^ cJtCJt ft ®,": CO I -g tog XX ^o coco 5 XX XX XX 2 X-] ft o<no*^ Old "^ ocop coco CO ^.^: (D J sP: < 00 op ODf» oto 2 COCO too ®y: 1 a?>: o (ceoto I 03 00 00 2 (^o:CO^ ^1,^.0,1 5 foto 66 , I sp; o^o 01 o 5 ® Oto . 03 a?: I 03 ®y: ai(oo<c tDd<=6 'JfX' 03 te6 2 c _ 85": QDO C 5 tote 5 tote 5 tooo 2 *^ 1.1^:. f» *< h-6 (B oto wcc oti toto cc to I tOCDOtO MW I ^ aJ*: sf: totooto QC too !5 to to to I- 2 «.*«: MM I H.6 toto toco 5 2 "^ QD0DO03 MP- a <co X tctO to to I^ 66 03 PI HM 03 10 I to 5 e) I ar: I totooto mioOm i^to toto ; g etc a."; tocoto lilO =M I cccoeo a : 00 totooto ceo 2 *^ to^^ tiO o> "^ e w: O: ccocco I I- tfi. CO 8 CO I (^ f»00 I 00 M to , I 000 06 03 ^ *1 : oto ' tt»- ft ' "^ 1 M 1 CCCDOO to to "^ to <IO 5 2 06 I 03 031)^ *=^6 M^Oo M X 6 y 00 §" M"— 00 " MO XO cow 2 ©«: 1*^ MM CIO a)*': : (0(^0 toto I totooto 01 5 2 66 61 03r- MO 2 ^ : 01 xxox OH-^ri tc<i 2 ^ toto xx «.": I totcoto to 2 o^^o XOi O a 2 sir": 1 5 cccooo el* totooto to to» o "^ toco 66 t c fc tOOOtO 15^ 61^ "='6 cp- to I w sr"; ocop obob totooto a to ui h^ I OCQOOOp obob^ob I 03 toto ft 5 2 66 66 Olio ^6 coco to o toe;' 9.' totcoto M.:.<=6 too totooto totocto tOCOOOO I too I I)" 2 ' QCOD >-» CD totocto tote CO tooo too tOtOOtO 2 sp; eoco^cD ectoofo If^ I u ODCIOOOD 1 *j*jO^ ll'CC Si": ooots'' I o cccxooc <( _ 031 I toote to 00 to to 2 a°>; I I 5 S.-^: i o XODOCp cop toco h-o CO OCIOM*- CO 05 a> 5 CJ<; ODCD I I oocr cjt -g (KOO 5 o;c:f-*'' ^ ci di >-o «0'.0 2 '^ 9 I 2 COfD^CO 00 5 ft ODOpOCO tco^o to M oo'^o g. ^ 05 03 occ. or I* I S : en totooto MM^O CO 03 I a«; o o I ' e to totooto Mto® M OiO o % ;i: I €)$ FrI. 87,8 SALES. Con- Spec- Trantump. tit'Vn sit. ODQO I I 6l8 eifl RALES OF SPOT AND TRANSIT. port. Saturday Quiet Monday. Steady at »e adv. aig 63i 758 tPX '^^ to® to X-q Wed Tb. iO w X CO xxox xxox xxox xxox ®io: dp*: I CCfOOCO CDCDOO nion OTnea wo5 08O* CO I (DX O"© 2 OTXtO^ teto 913 Wed 81" " 8'l6 8'i« 813,8 <jai &,^: I I 8% IQOia 638 613,6 • o xxox xxox xxox xxox xxox xx®o ox CO xob® XX X K) 00 Ci xx®x 8^ »ib Good Ordinary Steady. 8 7=8 8 838 6l3,s 2 "^ 2 91s Sat. Good Ordinary Total... 6\ ^a OCX < Fri 6% 65„ 6% 2. u» CO ar: I O 1-t- Wed Tb 8"i! 813 8'I8 81a gj'« 878 81»16 813,6 878 87e 9»4 93|6 OH 9=4 938 97,8 938 97,8 9''l8 910,6 915,6 978 978 915,6 915,8 103,8 105,8 10J4 1014 105,8 105,6 1015,6 liMe 11 11 11118 li'ie 117 11»1. llJa Ilia 119,8 11»18 Btrict Friday. §ii« RIon TnCB Sat. Ordinary Btrict Ordinary Good Ordinary Btrict Good Ordinary IjOw Middlin<' Btrict Ix)w Middling Middling ;. Good Middling Low Middling 87" 8'1« it'>« Fair....! Strict nion Tne* : CI odgooqo 2 5 QDCO ** 00 QCGO CDXOOD — Sat. 00 COX 5 2 "<itoo" cjr tox I o I C5 opop to 000 . 03 ..1.0 ooccoco .rh<=> For immediate delivery the total sales foot up this week for export, 1,441 for consumption, 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 March 7 to March 13. 00 tea P. •< toor' to XXOOD XX XX en to t<iCO ^^ I &?(.'« p. ^f» wS e coo:' < ffio-i highly probable, but almost inevitable. These reports alarmed the short interest, and a demand to cover contracts caused an UPLANDS. ^ "pOOOfB • them official) to the effect that the planting: season is very late, and that a reduced acreage for the next crop is not only — tt <s (N I 00 00 ooco 2: a; O B IK. I including O tB I ttCCr-O market The opened very strong on Saturday last, and on Monday morning became very buoyant in response to a marked advance in the Liverpool market. Various publications were made (some of 1,4-tl bales, f5 f5 Is-? ft ft) fp fo speculation in cotton for future delivery at this bales. a £ Leaving • 11,574 shown by the following comprehensive table: We On are Lll. Sales of Futures. 42,500 142,400 64,200 101,900 191,300 118,700 * Includes sales In September, 1890, for September, 228,300; SepteiD, bei^October, for October, 349,300; September-November, for November 382,700; September-December, for December, 947,300; September" January, for January, 2,260,800; September-February, for February" 1,589,100. The following exchanges have been made during the week 100 April for Aug. •09 pd. to eiclu 100 May for June* 500 May for Aug. 07 pd. to exch. 300 Nov. for Jan. •30 pd. to exch. •22 pd. to excii. •08 pd. to exch. 100 Mcli. for Apr. The Visible Supply op Cotton to-night, as made up by cable is as follows. The Continental stocks, as well a» those for Great Britain and the afloat are tliis week's returns, and consequently all the European figures are brought down to Thursday evening. But to make the totals the complete figures for to-night (Mch. 13), we add the item of exports from 661,000 the United States, including in it the exports of Friday only. and telegraph, March THE CHRONICLE. 14, 18«1.] 1889. 1890. 1891. TftQ.OOO 1888. 80S,uOO 17,000 17,000 7,000 2ii.OOO Total Great Britain stock. 1.101,000 4.400 Atork at Hamburg 148,000 Stock BtBromeu 20.000 Stock at AniHtenlam 400 Btock at Rotterdam 8,000 Btock at Antwerp 232,000 Btock at Havre 7.000 Stock at Marseilles 86,000 Btock at Barcelona 10,000 Btock at Genoa 16,000 Btook at Trieste 1 ,092,600 766,000 2.200 25.900 20.000 918.000 4.000 531,900 410,600 ...balei. 1,144.000 1,079,000 fltook at Liverpool. btock at Londuu . . . Total Continental stocks Total European stocks.. 2,300 134.000 7,000 45,4110 21,000 400 300 6,000 165.000 3.000 96.000 20,000 13,000 1.200 400 700 13,^.000 177,000 4.000 55.000 7,000 0,000 3.000 61,000 4,000 10,000 259,700 3:20,300 l,«i)2.800 l..'>3.1.600 1,025.700 1,244.500 .. India cottoiuitloat for Kurope. Amer. cotfiuitlDatforKurope. 206.000 324.000 Sl.OOO 454.783 161.4SO 20,072 l.iti.tMIO 4(;7.000 Egypt.Brazil.Ac.afltforK'r'pe 4S.OO0 etock in lUilt«d States port.>(.. Stock In II. S. Interior towns.. United Stales exports to-day. 6-t'J,113 324.70S 1?,0!)5 American afloat for Europe... United suites stock United States iuteriorstocks.. Ooited States exporU to-day. Total American.. Matt Indian, lirasit, •(«.— Liverpool stock London stock C'outiuentiil stocks India afloat for Europe 849,000 353,000 321,000 454.783 840.000 419.000 467,000 639.113 324.708 17,093 bales. 101, 20,072 301.000 17.000 112.800 156.000 4^,000 Egypt, Brazil, Ac, afloat Total East India, Ac Total American 226,000 17.000 93.600 206,000 31,000 705,000 200.000 286.000 767.978 264.402 14,541 174.000 7,000 81.700 260.000 35,000 190,000 23,000 126,500 185,000 42,000 r33.935 2,608,575 2,804.511 2, Savannah 6'8d. 117,80. Siiihd. IO140. 538d. lOisc. Cy The imports into Continental porta this week have been . WUminKton 8% 8 'a 81>js 8«a 8*8 8Tg 8>li S\ 81»18 81*18 9 9 8:ii« Siiis 91a 811,8 811l8 938 8\ 81'i« 8II18 919 914 9% e\ 8lf,8 8^ 8\ 8»8 811,, 8\ 8t»ia 9 9 . 9% ah 8% 938 8% 9H BH 8\ 6H »••..-. 9H "^ 8ii|a 9>8 9>4 918 914 .', IW. 8"8 8»8 9 9 e\ 9^ .. 8»,« 8^8 SI* 81*18 8«B 8"i 8»,« 8^8 8^S 93a St. 8<>s Thuri, 8\ 9 .. 8i«ia 8"B OOROH OH— Wednet. 8^8 8«s 9 — Luius Cincinnati 8l*i« 8«i 8"8 8>i« 8^8 81. STg n't Korfolk Boston Baltimore... Philadelphia Tuet. Jfox. 8% . Charleston. 42.000 767,978 264.492 637.800 573,600 557.700 566.300 2,756,916 2,162,335 2,050,875 2,238,011 Total visible supply 3,394,716 4i»i«d. Price Mid. Upl., Liverpool.... 9c. PriceMid.Upl., New York.... 8". 8»8 35.000 2,756,916 2,162,335 2,050,875 2,238,011 . 8»,« Orleans Mobile New Memphis 14.541 talur. Qalveston... Augnsta.. 585,000 17H.OO0 268.000 683,730 198,304 35,841 HO 13. IH.'i.OOO Of the above, the totals of American and other descriptions are as follows: Amenean— Liverpool stock CoutineutalBtooks March 2811,000 198,304 35,841 OLOSIMO QCOTATIOn VOB MtDDLUlO Wtek tudtng 3tiS,000 3,391,716 2,735.935 2,608.575 2 804,511 Total visible supply QaOTATIONS rOR MiDDLINO COTTON AT OTHKB MaBKETS.— Below we give clrning quotations of middliriK cotton at Southern and other priocipal cotton markets for each day of the week: 260.000 6:^3.730 431 .. 9^ The closing quotations to-day (Friday) at other important Southern markets were as follows: 914 Louisville. Atlanta 9 Columbus, Ga. Columbus, Miss Eufaula 8'4 SH S'ls I | I 1 Little Rock 8I3 .... Muiitgoiiiery . Raleigh 8% Rome . Nashville B'n 8i« Natchez \ | 8>s»'^ 1 ...... ...... Helma 8»8 Shreveport SM From the Planta'hons.—The RECEIPTS following table indicates the actual movement each week from the plantations. The figures do not include overland receipts nor Southern consumption; they are simply a statement of the weekly movement from the plantations of that part of the crop which finally reaches the market through the outports. RtcHpU Wtek 188». Feb. IS.. " iO •• 87.. Msh. 6. •' 13.. 1891. 1888. 1890. 1891. 1839. 1890. t8«l. 126,347 140,253 160.818 386.621 280.618 103.668 101.629 182.917 164.400 186.670 99.965 135.735 320.287 259.957 391.344 119.436 79,371jl28.411 96.350 83.218 124.264 297.545 239,995 385.704 73,608 63.266 118.614 96.593 86.608 126.898 370,972 222.979 378.302 70.020 69.692 119494 81,638 63.554 112,579 246.002 196.978 3fl6,15.". 56,668 37.653 100.431^ e.. •• at th« Portf. Sttc at Interior Tovmt. Rec'ptt from Piani'nt, 1890. 1 80.026 64,735 87.541 215.270 175.019 344.018 80,000 bales. 49.294 33.4061 66.434 — The above statement shows: 1. That the total receipts from The above figures indicate an increase in the cotton in sight plantations since September 1, 1890, are 6,339,947 bales; in to-night of 608,731 bales as compared with the same date the 1889-90 were 5,653,963 bales; in 1888-89 were 5,290,886 bales, of 1890, an increase of 786,141 bales as compared with the 2. That, although the receipts at the outports the past week corresponding date of 1889 and an increase of 590,205 bales were 87,541 bales, the actual movement from plantations was as compared with 188S. only 65,434 bales, the balance being taken from the stocks at At the Interior Towns the movement that is the receipts the interior towns. Last year the receipts from the plantations for the week, and since September 1, the shipments for the for the same week were 33,408 bales and for 1889 they were week and the stocks to-night, and the same items for the 49,294 bales. corresponding period of 1889-90 is set out in detail in the Overland Movement for the Week and since Sept. 1. following statement. We give below a statement showing the overland movement for the week and since September 1. As the returns reach us by telegraph late Friday night it is impossible to enter so largely into detail as in our regular monthly report, but all E This weekly the principal matters of interest are given. Ga E. Ga publication is of course supplementary to the more extended g N. Ga Ga Mo N. 8. monthly statements. The results for the week ending Mch. 13 Ga and since Sept. 1 in the last two years are as follows: — — — St. Dall.18, Little Total, Rome, Total, Selma, AUiany, Raleigh, Atlanta, Tarboro, Houston,Brenham, Eufaula, Newberry, Sherman, Vicksburg, Charlotte, Macon, Columbus, Cincinnati, Columbus, Nashville, Memphis, Shreveport. U)ui8ville, Augusta, Louis, Montgomery, old new Rock. Ala Oa.l N.C Ala Texas;... Ky.".. Tenn.. Tenn.. towns. Texas. Texas. C... towns C... Miss.. Miss.. La... Texas. C... Ohio. Ark. Ala 1889-90. 1890-91. 5 i w "1 b "i- QLi ao g JO b 0) O1-' M w CD m (S ro ir<>. CD *HC a M r- M M <1 CS CO *. CO -J oui^iP'.Oi^coaoco^OOW'-tct&'^cDCc "Vl H- MOi QD*JC;»C0O(*»-4 ® Cl •-© Week. 1*^ c;» CJ- <1 1- OS 01^ X c* to xp — 10 to •-< 3-. CO rf-oa w C'co*^lo'4^ajrf*co**'c:'^'^'io'bxi'to'^bcn M 'ccM to'-OM M CO MM C»3*^COtOOS»«fc CO CO M MOtO*fcMCO-l V M OS V— ^ *. c * <o MoVi"^ *i M Olc;lO-O^J•-lc:cs^oco^-•qx*^ax^c^ Via Cairo Via Hannibal Via Evansville Via Louisville Via Cincinnati Via other routes, Ac ceo — rOMCfliX-l*J*-XC0!C-J-*-Ci--ly ^'•^c-iiCk.cs^'tC)(.xoDtoOM<o^rU>gai;o MM MMWa ifc CO tc b yi—* en osto ©blox X V <i s4 aD03cco-"C5*.uaxo:oi©*^rf^S5*.^xco to CO 00 to H* COp> b OS ^- COr'tCOd' •> OD M cji Total gross overland Deduct shipments— Overland to N. Y., Boston, &c. Between Interior towns Inland, Ac, from South x**Ooo;xcs-jcc:DO^O:cstOK)Knocs Total to be deducted 00 s -* MW OOCOO) <iCD O«O«0CdtCv0 01 McnMCOc;«; ifkccMO.©: Ilk MaixiUi»fc. U t-*>^^ ©coxi-'»M*kb *-©x^to©c»:©axyci:0 cji^Cdco©©©oiotro©CM s3 K-5- * U 00 M 00 OoVboDOSOtt CO a s M M w<ixp tooi c;i •;l©MOSitk.t0CO»O».l<l^O»C0C->»JCOCJ»-^CO rf^j^j^cofo rf^poo woicoco yiox s 10 03 CJD «c to M 1? 'J* :o M OD QCi 10 1— -1 i- c ; O" 00 V lU M XOt MCb to© lOCOX'-'MMUHO bbM''^wa.©xbx C OT 10 >- tC M — 'X cobiol;-v''^c:x C -' — C CO W ro >-• 3 1. -.1 C.-- x^o©a3cox©c5c;'©c*-cco*'©»*-co 470,947 251,646 8.825 2,177 83,271 22,955 174,160 155,912 128,802 672 451,650 289,039 67,879 351 1,910 3,649 1,758 19,289 108,167 188,530 147,687 22,624 1,287,693 266,021 97,915 75,055 8,963 2,892 303,143 62,573 96,177 16,618 438,991 11,981 451,892 848,7021 7,361 810,349 Liiuisville ttcurcs "net" In both years. I Last year's tlgures are for OritUn. IThls year's figures estimated. totals show that the old Interior stocks have decreased dtiring the week 22,586 bales, and are to-night 163,238 bales more than at the same period last year. The receipts at the same towns have been 19,984 bales more than the same week last year, and since Sept. 1 the receipts at all the towns are 413,U4 bales more than for the same time in 1889-90. 126 overland exhibits an excess over a year ago of 88,353 bales. Takings. ^ Receipts at ports to March 13... M Net overland to March 13 h 2' 19,342 1,262,2U 9,343 3,586 3,689 The foregoing shows that the week's net overland movement b^n 6,006 bales, against 7,361 bales for the same and that for the season to date the aggregate net In Sight and Spinner^ * The above Since Sept. this year has week in 1890, i |(» '^oot-'MC' mm'^c? -J Week. 1. 1890 91. A 00 M MM M tcosb<iV* wb CO to OS to OS, t0 0i'^IXC0©O<MX»U«»t0© ^ ^ COQ^XW©. CflX©©o5*^WO0S©iP.© Sj A C^ V CO 335 1,368 4,987 2.406 2,215 6.006 Including movement by rail to Canada. ffic'^— bboiwcpVibbby-'i'Mxcc'bt ^tft;2*^*»*^*^'i'*y'^«w'»wco^Ci«D#*M®®coxtococcos^*-c:osta*»'M*k.®rf» Co CO 7.137 4,196 Leaving total net overland* •-• CO Sept. — VUSt. Louis > I-- ST u t Since Shipptd a: *- ic #> C;»»J CM 13. !-• aDas^ox^ow^cco^Xr-co^^c-cx)co-^*^rf^ ^y* Mareh ^ M M *. tt.'^ CO't>>tOi(k.1->0>-jV Is M 14 t3 a> CO C CS CO ^ CC OS 00 "-• Southern consumption to Mch. 13 Total marketed Interior St ocks In excess Came into sight during week. Totalln sight March 13 North'n spinners tak' gs toMch.18 * Loss In stock during week. _ T^t^. 1889-90. Since Sept. Week. 1. 87,641 6.009,512 6.006 848,702 14,000 380,000 Since Sept 1. 54.735;5,490.75g 810.349 7,361 12,000 356,000 107.547 7.238,214 74.096 6,657,107 •22,107 330,435, *21,3-,2g 163,209 62,767 85,440 6,82031..' 7,868,648 ll,594.9._ l,605.90el It will be seen by the above that there has come into sigh during the week 85,440 bales, against 52,767 bales for tht same week to-night, as amount and that the increase in compared with last year, is 746,887 of 1890, balea. in sigh ! THE CHRONICLE. 432 Ln [Vol. Weather Reports by Telegraph.— Our telegraphic adTices to-night indicate that there have been very heavy rains -over a considerable portion of the South during the week, interfering with preparations for the next crop and interrupting the marketing of this crop. Inundations are reported in the Mississippi Valley and at points in Tennessee and Georgia. Galveston, Tea-as.— There has been rain on three days of the week to the extent of fifty-three hundredths of an inch. The thermometer has averaged 5Q, the highest being 64 and the of the week, the rainfall reaching eighty-three hundredths of an inch. Average thermometer 56, highest 74 and lowest 38. Stateburg, South Carolina. It has rained on six days of theweek, the precipitation reaching three inches and sixty-five hundredths. The thermometer has averaged 47-3, the highest being 73-6 and the lowest 34. Wilson, North Carolina. We have had rain on three days of the week, the rainfall being two inches and seventy-eight hundredths. Farmwork is backward on account of so much rain. The thermometer has averaged 50, ranging from 3ft lowest to 76. 37, — Palestine, Texas. It has rained on two days of the week, the precipitation reaching ninety hundredths of an inch. The thermometer has averaged 48, ranging from 26 to 69. Huntsvitle, Texas. The weather has been dry all the week. The thermometer has ranged from 28 to 73, averaging 50. Dallas, Texas. There has been no rain all the week. Aver- — — age thermometer 53, highest 83, lowest 23. San Antonio, Texas.— We have had dry weather all the week. The thermometer has averaged 49, the highest being 64 and the lowest 34. have had one shower during the week, Luling, Texas. the rainfall reaching six hundredths of an inch. The thermometer has ranged from 26 to 67, averaging 46, Columbia, Texas. It has been showery on one day of the week, the rainfall reaching two hundredths of an inch. The thermometer has ranged from 34 to 70, averaging 52. Cuero, Texas.— There lias been no rain all the week. Average thermometer 52, highest 80 and lowest 25. Brenham, Texas. The week's precipitation has been seventeen hundredths of an inch, on two days. The thermometer has averaged 53, the highest being 74 and the lowest 32. Weatherford, Texas. It has been showery on two days of the week, the rainfall reaching twelve hundredths of an inch. The thermometer has ranged from 23 to 70, averaging 46. have had rain on three days New Orleans, Louisiana. of the week, the precipitation reaching seventy-five hundredths of an inch. The thermometer has averaged 59. Shreveport, Louisiana. It has rained on five days of the week, the precipitation reaching one inch and thirty-three hundredths. The thermometer lias averaged 49, the highest being 67 and the lowest 30. Columbus, Mississippi. There has been rain on four days of the week, the rainfall reaching three inches and seventeen hundredths. I'repsirations for planting are more backward than we have ever known. The thermometer has averaged 46, ranging from 26 to 70. Leland, Mississippi. Rain has fallen during the week to the extent of two inches and ninety-six hundredths. The thermometer has ranged from 33 to 67, averaging 49'3. Meridian, Mississippi. Continued rains have delayed preparations for planting, which will be late. Little Rock, Arkansas. have had rain on five days of the week, the rainfall reaching two inches and eighty-eight hundredths. There was a snow-fall of three inches on Thursday. Roads are very bad, and streams all high. Average thermometer 42, highest 62 and lowest 23. Helena, Arkansas. Rain has fallen on five days during the week to the extent of three inches and thirty-seven himdredths. Sleet last night. The thermometer has averaged 42, the highest being 56 and the lowest 26. Memphis, Tennessee.— We have had rain on five days of the week, the rainfall reaching three inches and fifty-three himdredths. Snow fell Thursday night. The river is 1-7 feet above the danger line and stationary. The thermometer has averaged 44, ranging from 27 to 60. Nashville, Tennessee.— have had rain on five days of the week, the precipitation reaching five inches and sixty five hundredths. The thermometer has ranged from 30 to 63 —We — — — — — The following statement we have also received by telegraphy showing the height of the rivers at the points named at 3 March o'clock — — — —We — We averaging Feet. New Orleans Memphis Above Above Above Above Nashville Blu-eveport VlcksburK NorE.— Reports are 46. Shipments Savannah, Shipments since Jan. Oreat Total. Britain Continent. 200 257 47-6 Shipments for the week. Oreat Britain. Continent. 1,000 2,000 2,000 1,000 Caloutta1891... 1890... Total all1891... 1890..., Since Jan. 283.000 99,000 383,000 66,000 461,000177,000 258,000157,000 1. 706.000 690,000 729,000 464,000' 1. Great Britain. Continent. 3,000 3,000 15,000 14,000 20,000 28,000 35,000 1,000 1,000 4,000 5,000 1,000 4,000 e.ooo Total. 1,000 1,000 Thit Week. Shipments since January Madras— 1891..., 1890.... All others— 1891.... 1890.... Receipts. 1. Total. 1891 32,000 32,000 20,000 263,000 1890115,000 16.00031,000 85,000j298,000 1889 5.000 27,000 32,000 120.000 341,000 18881 2,000 35,00037,000 51,000l207,000 Total. 42,000 2,000 1,000 2,000 3,000 2,000 13,000 11,000 8,000 10,000 21,000 21,000 4,000 3,000 3,000 3,000 ,000 32,000 30,000 28.000 39,000 60,000 6,000 69,000 BIPOKTS TO EJTBOPE FBOM ALL INDIA. 1891. 1890. 1889. Shipments to Europe from — alC This week. Jan. 32,000 7,000 39,000 Bombay All other ports. Total Since This week. Jan. 283,000 60,000 31,000 6,000 .143,000 37,000 1. This week. Since Jan. 1 383,000 69,000 32.000 5,000 461,000 82,000 452,000 37,000 543,000 Since 1. Alexandria Receipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benachi & Co., of Liverpool and Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the corresponding week of the previous two years. Alexandria, Egypt, March 11. Receipts (cantara*) This week Since Sept. 1. 1890-91. 1889-90. 1888-89. 50.000 3,740,000 34,000 3,042,000 23,000 2,664,000 This Since week. Sept. 1. This Since week. Sept. 1. This Sinu week. Sept. 1. 3,000 248,000 11,000 157,000 5,000 229,000 3,000 123,000 8,000 201,000 3,000 117,000 14,000 405,000 8,000 352,000 11,000 318,000 Exports (bales)— To Li verpool To Continent Total Europe ' Kl'a'ndth^eTv^'Sr^" 16-3 36-3 34-7 48-4 18-8 46-5 low-water mark low-water mark. this week. rear Great OontiBrxVn. nent. — Auburn, ^Jabama.— Rain has fallen durmg the week to the extent of five mches and fifty-one hundredths. The thermometer has ranged from 33 to 66, averaging 49-5 Madism Florida.— It has rained on two days of the week toe ramfall reachmg three inches and twenty-five hundredths' "-^^u'ds. Average thermometer 59, highest 80, lowest 40 Columbus, Oeorgia.— It has rained on four days of the week, the precipitation reaching four inches and seventy-four ""^ averaged 48, the ^hest Feet. 160 low-watermark. low-water mark. made in feet and tenths. India Cotton Movement prom all Forts.— The receipta and shipments of cotton at Bombay have been as follows foi the week and year, bringing the figures down to March 12, BOMBAY KECEIPT8 AND SHIPMENTS FOR FODB TEAKS. ' Mobile, Alabama. ^There has been rain on six days of the week, the precipitation reaching two inches and eighty-eight hundredths. Planting preparations somewhat delayed by' wet weather, principally on low lands. Large increase in the use of commercial fertilizers. Average thermometer 57 highest 73, lowest 41. Montgomery, Alabama.— It has been raining nearly all the week. Planters are a month behind. The river is overflowine ^ lowlands. Selma, Alabama.— There has been rain on five days of the week, the rainfall reacliing three inches and fifty-five hundredths. The thermometer has averaged 49, ranging from 30 to Do. 13, 1890. Mch. 12, 91. Mch. 13, 90w —We — and March 1891 12, A cantar is 98 pounds. Manchester Market. * — Our report received by cable to-night from Manchester states that the market is steady for both yams and shirtings at the reduced quotations. The demand for both yarns and cloth is good. We give the prices for to-day below, and leave those for previous weeks of this and last year for comparison 1891. 32» Cop. Twist. d. a. a8i4 Feb. 6 8 '• 13 T'a ®8>8 " 20 7^8 as^ " 27 7''8 »8i8 Moh.6'7»8 • 13 738 ®8 a7% 1890. 8^4 lbs. Shirtings. ». d. s. d. 6 3 ®7 3 6 liaa? 2 6 li3»7 2 6 liaa7 2 6 5 11 «7 ®6 CotVn Mid. 32» Cop. Twist. Uplds 11 d. 5 A. sifj d. as'a ®8% «8% Ooten 8^4 lbs. Shirtiihgs. 8. d. 6 4 ». 07 d. 4 6 3 W? 3 4'6ie 838 86iBai8i<i 4'r 6 2Ja»7 1^1 4'8 8% 6 3 ®7 3 413,^ 8"i(.a8n,g Nominal. 416,, 86,ga8Uif Nomlmil. Vpldt d. 6 6ii« 6'! 61 s «>« 64 Oeorgia.-We have had rain on five days of Correction.—The following letter sufficiently explains itself J the reaching one inch and sixty-three hun Messrs. Wm. B. Dana & Co. r^^!."'^a^u"'°^^" dredths. Thermometer has averaged 57,^anging f^m 37 to 77 Ukar Sirs— Referrlne to the statement In to-day's Chronicle that Auff««<a.Geor6ta.-The weather has bSendoudy, with " since the dealings in futures as now conducted were begun It haa heavv never general rain on six days of the week to before been seen that August contracts sold below those for the extent of five October," by reference to the flies of your paper you will Hnd that on inches and hfty-cne hundredtlus. The thermometer h^ rangea rangid July 29, 1874, August coutracts sold iso. below Octob«r, and wore from thirty-four to 79, averaging 50 below October for the whitle of that week and tlie preceding week. Charleston South Carolina.-We have had Yours respectfully, E. R. Powkhs, rain on three days Sipc'intejirtcut N. Y. Col'ou nxchange. , Maboh THE CHRONICLE. 14, 1861.1 European Cotton Consumption for March.— We havo received to-day, by cable, Mr. Ellison's cotton HKwes brought down to March 1. Tlie revised totals for last yi-ar have also been received and we give them for comparis m. Spiuaerii' takinKS in actual balee and pounds have been aa foll ows: Oelobtr 1 lo Jfare A Oontintnl. OttatBrUain. 1. 1V>«U. A'urage apliiunra. . 1,682.000 .balM 486 welK>>t ot tialea.lbB 8l7,452,(hO TaklDKitlD pounds 8,S42,000 470-9 474 882,640,000 1,700.092.000 1,864,000 . 473 78«,187,000 3,291,000 468-3 799,888.000 1,534,575.000 1,737,000 460 According; to the above, the averaj^e wei«titof the deliveries in Oreat Dritain is 486 pounds per bale this season, aifainsr 478 pounds during the siirae time last season. The Continental deliveries average 474 pounds, against 460 pounds laat yeir. and for the whole of Europe the deliveries average 479-9 pounds, against 468-3 pou td». Our Jispiitoh also gives the fu.i movement for this y,>ar and last year in bate^ of 400 pounds. 189091. 1889-90. Conti- Sriiain. nent. 77, 321, 167, 205, 244, 526, 398, 336, 372. 348, 770, 684, 338, 62, 24. 86, Takings In November 389, 3-9. Total supply Oonaump. Nov., 4 wks. 451, 336, Spinners' stock Deo. 1 TakiiiKS in December. Total supply Deo., 5 wks. Oreat Conti- Britain, nent. Total. Totat 699. i!92. 361, 320, 41, 340, 87, 768, 46, 398, 738. 403. 348. 854, 644, 444, 308, 381, 320, 825 628 115, 509, 55. 659. 170. 1,168, 136. 61, 442. 518, 624, 420, 714. 435, 1,338, 578. 385, 579, 400, 1 157, 85.-1, !0l, 463, 279. 514, 4^3, 977, 193, 179, 50), 372, 402. 667, 336. 793, 348, 1,460, 595, 316, 685, 332, 1,280, 145, 449, 2 9. 323, 3.'i3, Takings in February. 331, 362, 454, 63:. 777, Total supply Feb., 4 wks. 693, 33B, 994, 1,5S7, 684, 602, 316, 807, 332, 1,409. 348, 357. 546, 903. 286. 475. 761 , Spinners' stock Nov. 1 Oongump. Spinners' stock Jan. Takings m 1 January. Total supply Oonsump. Jan., 4 wks. Splnnerg- stock Feb. 1 Consump. Spinners' stock Mob. 1 The comparison with last .^5, 283, 684, 7 6. 811, year is m ire mile 612 197, 960. 785 908 643. 648. sunkia,^ ay bringing together the above totals anl aidiag the average Weekly consumption up to this time for the two ye ira. Oct. 1 to liareh 1 BaUt of 400 Ibt. 1890-91, each. 000« omitted. Spinners' stock Got. raklngs to March 1 1, . . Oreat Britatn 77, 2,044, Supply 2.121, Oonsamptl'D 21 weeks 1,764 Spinners' stock Mar .1 357. Oonti' nent. Total. 244. Oonti- nent. Total. 167. 2,206, 55. 181. 236. 4,250 1,848, 1,998. 3,846, 2.373, 4,494 1,827 3,.^91, 1,903, 1,617, 2,179. 4,082, 1,704. 3,321, 903, 286. 546. 84,0 84,0 84,0 84,0 84.0 In December In January In Fel»rujir.v 87.0 87,0 8-,0 87,0 87.0 The foregoing stiow* tut tha Europe 171,0 171,0 171,0 171,0 171.0 •76,0 77,0 77,0 79,0 79,0 475 761, 80.0 80,0 80,0 83,0 83,0 156,0 157,0 157,0 162.0 162,J w^rtltcy coasu nptioa ii now 171,000 ba'es of 400 pounds eaoh, agaiaU 161,000 bales of the same weight at tin c jrrespanding tine last yeir. The total spinners' stocks in Great Britain and oa the Continent have increased 137,000 baU« duriag t1 j month, and are now 143,000 bales in excess of the same date last year. is ISM. 18«l, Uormanr aW.7T5 »0.77H IMS.AeS 8U.S83 ess.liM OLh«r ouantrtas In RaroiM BritiBb Nurth Amerloa Mt»xtco 7 mas. tndtnt Jan. >t. asu.Ri II3.20V 1IH.788 IMS. 1801. 6.4I7.2SI H70.AS1 70I.IM 1,184.1100 10.0X1 270.144 Ml.SDS 4.470.874 082.000 «.0()O.88)I Centnl Amartcan Statea aud BMttab Hfindaraa ' West Indlaa Artfentlna Kapnblto BmjII ' autai of Colombia... Other oonntrtes In S. AmarICA 748.8T7 8H«.eS8 ibB.-an 4HU.0HV Uiiitad China ' Briilsb Baatlndlea 0:.her o >antri6R in asIm ltM\M7 l.AUOMIO 10.lua.81t 21S.07I a22.6"4 101.714 1.3S«.34l> 1.15M.80. 7.»»!i.»U I,H*0.(«llJ 71I0.UMI 487.400 718.18 8.02l.«n 4.A&6.H8I 6.840.408 I.-.86.106 1.10U.0M 11.600.4W81.211.002 8 206.764 lo.4ra.04S 8.)Wa.77« 4.018.071 ana l>!6,ttila ScM.807 80^,420 Otbar ooontrlaa. llafino 3H.e» 2.621.170 4,100.868 4.206.O7r 2.688,704 Atrloa 14.61(1.031 W.«OM.»0e 01.182.16* 88318,014 IMM.SM IS 18.460 1-0718 ()),X10,«76 (4368.4M (-0008 roTM ta8,S42 030 (106.000 18.406 l,3b.S e.«M> 2.70« 28.640 lO.USO 34,018 2<2.8ie 101.182 17.MS i«4.om 1.883 5.478 1.0S7 40.442 6H.8S4 40.081 05,233 22.(00 i.vm 1,119a 2S.I03 11607 4.487 3.583 9.Vtb 2.026 2.028 83,781 13.000 S8.0OI 6.1)07 34.210 103M »7.AS0 2.413 35.026 171.46c 8.X10 0.035 i84.ias 6.23S 1S.0>O (068.708 (7.278.833 (6310.612 Oooanloa Value peryard »-0H75 ..... Tolucj of ottuT Manufacture$ of Cotton exported to ftraat Britain and Ireland Oermanr Krance Other Goantrles In Europe British North Amerloa MEXICO Central American Statea Honduras West Indies Jute Butts, Bagging, &c.— The demand for jute bagging continues very light, inquiries being mainly from the South. Quotations are .5^c. for 1% lbs., 6c. for 3 lbs. and 6>^c. for -standard grades There were considerable deliveries of jute ibutts during February on account of back orders, and trading lis consequently light, manufacturers being pretty well supplied. Quoted, IJ^c. for paper grades and IJ^c. for bagging quality. — High Water. In conse<iuence of heavy rains in the region tributary to the valley the Mississippi River ha.s risen very rapidly the past week, resulting in two breaks in the levees ane at Conley's Lake, thirty miles soutli of Memphis, on March U, and the other at 13:30 a. m., March 13, at Sunflower Land,ing, Coahoma Co., Miss. Aside from these breaks a number of x>wn8 have been flooded in the Missis.sippi region, and there fja* been an extensive inundation at Augusta, Oa. — A 110,401 2,038 »7 6.0:6 2e.i'«i 12.786 4,3l8>tt S.4M.I0* 116.78li British 8,770 8.H3Z >.... Argentine Repnbllo tAi5 Bralll United Stat>« of Colombia Other (vmntrles In So. America British possessions In Australasia countries in Asia and Oc.-anloa - 23 866 Other Afr'Oa ^ther oouo tries - ...... 1.327 8&e Total value of other mannfaotures of ARvrefrate value of all cotton ffnods (121.888 (130.220 *1,102,-.18 (71t'.l-»t (06S,16a East India Crop.— From Messrs. Gaddum, Bythell & Co.'s Cotton Report, dated Bombay, February 7, we have the fol* lowing The weather Is now clear and brlsrht in all of tbe cottnn-ioowinK dig triclH, and in thoBO dlHtriits wliere the crop is still eubJecT to ciimata Influences the weather is decidedly favorable. In the (lomra diatilots hand gins are at wort< In every village and an Increase of ^iippliea into the market should take place ahortly. In Broa<!h distriota some dew has fallen, ItiiprovinK pros|)ect8 tliere. Cotton In being picked rapidly, and se< d cotton is accumulating In the villages and ginning faotorlei. Bhownugger and Dhollera districts cmtluue to report favoiably of their crop, and the quality of the cotton arriving Is satisfactory. 8H1PP1KO News. —The exports of cotton from the United States the past week, as per latest mail returns, have reached 137,406 bales. So far as the Southern ports are concerned, these are the 1889-90. Oreat Britain Wukly Oonrumption, 00» omitted. In October In November Oot- Slanth enitna Jan. 81, uncotortd) — 236, 463, Total supply Oonsuiup. Oct., 1 wks. and teoported to~- Total 7iu-df of above 181, 180, Spinners' stock Oct 1 THktnKS In October. (on leotored Total raluaa of abora..... Onat X omitted. QuonMUM of Manutaeturu o/ Oraat BrttalD and Inland. ...rards TaklDKH by Hptuii»r8. .balM Averagu weight of balee-lbg. TAkluga Id i»mmlH 00 the seven montlis ended Jan. 31, 1801, with like flgures for the corresponding periods of the previous year, and give them 1,860.000 For 1889-90. Oct. 1 lo March 1. BaUt nt 400 lb>. each, DoHXsno Exports or Cotton MANurAcnnun.—Through the courtesy of Mr. S. O. Brook, Chief at the BureMi of Statistics, we liave received thia week a statement showing th« ez|K>rtH of domestic cotton matmfactures for January, and for below: For I800-»I. Taklnx* by 433 same exports reported by telegraph and published in the Cheoniclk last Friday. With regard to New York we include the manifests of all vessels cleared up to Thursday. Totat iHtlef i>er steamers British Queen. 4.518 (post clearince), 257 ...City of Chicago. 2,4'.'3 ...Run'c, 1,903 ...Teutonic, 1,263. ..Umbrla. 1,000 11,364 To Hull, per Kteamer Hindoo, -2,026 3,028 Skw York—To Liverpool, Connemara To To To To To Havre, per steamer La Chainpagne, 1,345 Bremi-n. i>er steainurs A Her. 350 Lahn, 455 .... Hamburg, per steamer Wlilaiid, 6 Ainalenlam, per steamer AioKterdam. 100 Antwerp. t>er steamers Hermann, ^50 ...Rhynland, S60 ....8t..Ma meek, 1,804 To Genoa, per steamer India, 1,551 To Naples, per steamers Brltwnla, 50 India. 293 Raw Orleans— To Liverpool, per steamers Cadiz, 5,800 Engineer, 4.l?26 1,849 8M 6 100 3AM4 IJUl 848 Governor. 4.650 Inchborva, 2.013 Palma».7.616 Statesman. 3.60.5 28,908 To Bremen, per steamers Dora. 6,500 ...Eastern Prince. 5.531 Fremona,6,llH.. ..Kate. 4.413 22,560 To St. Petersburg, per ships Anna. 4.050 Prince Louise, l.|)-2.% 8,076 To Barcelona, per bark Teresa Flgueras. 490 4fiO To Genoa, per steamer Tantallou. 4,03S 4,084 To Salerno, per bark Maria Liilnia, 1.385 1.889 Galveston -To L1v.ti><>o1. per 8te:imer Antilles, 2,962 3,962 To Keval. per bark Chapman. 1.5-25 l,^31l T'> Vera Cruz, per steamer Harlan, 40 40 Batannah— To Liverpool, per steamer Inchrhona, 5.334 per btrk E. T (1.. 2,911 8.245 To St. Petersburg, per bark Carl Beoh. 3.3W 3.3^0 To Genoa, per steamer R. F. .Matthews. 4.900 4,900 ; BRtJKSWiCK-To Bremen, p.-r steamer Oaklands, 5,186 5.186 Orarlkston-To Bremen, per sUiamer Hnlsteln. 3.264 3.264 WllJireo-roN—To Queenstown. per barks Bertha. 1,905 Lnis, 2,090 3.095 HORFOLK— To Liverpool, per steamer Helghlngton, 8.2r8 i'.a-tS West Point—To Liverpool, per steamer Canopns, 4.316 4,3l« NEWPORT News— To Liverpool, per steamer Qiieengland, 3.267 3,267 80»T0!»— To Llverp<x)l, per steamers Ceplialouia. 1.617 Columbian, 4.221 .. Koman. 1.725 Samaria. 76:4 8,331 3.AI8 BALTIMiirk— To Bremen, per steamer Munchen, 2,518 90O To Haiubiirg. pur steamer Polynesia. 900 PaxLADKLrHiA— To Liverpool, per steikmers Lord CUve, 975.... 1,803 Ohio. 728 SMBI. .. .137,406 rhe particulars of these shipments, arranged in oar nauat fonn. are as follows: THil CHRONICLE. 434 SolHull, Liverpool. d NewcatHe. Havre. Hew 1.345 York. 11,364 2,026 N. Orleans. 28,508 Galveston. 2,962 Bivannah Brunswick Sremen land, Spain and it Ham- Smsia, Vera Italy. Orut. burg. . 1,525 5,186 3,264 Obarleston Wilmlngfn 8,288 4,316 3,267 8,331 .. West Point News ITp't Boston Baltimore PhUadelp'a Total > »•« 3,995 Total 20,449 65,016 4.527 40 16,495 5,186 3,350 4.900 8,215 . Norfolk <te. 811 3,004 1.899 22,560 8,075 5,873 >..• ...... •>>>•> 8.28 8 ...«-- 4,316 3,267 8,331 3,418 1,303 1,303 76,584 .... 40 147,855 1,345 34,339 16,854 12,672 6,021 Below we add the clearances this week of vessels carrying ootton from United States ports, bringing our data down to the latest dates: GiLVBSTON—To Liverpool—Maroh 7—Steamer Tropic, 4,358. ...Marcli 11— Steamer Nlgretla, 6.168. ToHamburg-Marcli7— Steamer Avonmore, 350. Nbw ORLEANS—To Liverpool— March 6—Steamer Wm. March 1 2 - Steamer Australian, Cllffe, : Sat., 3,995 900 2^5 18 The opening, highest, lowest and closing prices of futures at Uverpool for each day are given below. Prices are on the bisis of Uplands, Low Middling clause, unless otherwise stated ^Sr Tlie prices are given in pence and GUh,. Thus; 4 63 means 4 63.64d.. and 5 01 means 5 l-64d. „ ..„ 6,450 Low. Clou. d. d. d. d. d. d. d. d. d. d. 4 46 Mch.-April.. 4 48 4 47 4 47 4 46 4 47 4 47 4 60 4 49 4 49 4 52 4 63 4 62 4 49 4 49 4 53 4 52 4 62 4 66 4 69 4 83 5 02 6 04 5 03 4 60 4 50 March 4 49 4 50 4 58 4 61 4 63 4 62 4 62 4 61 4 67 4 60 4 62 4 62 4 61 Nov.-Dec... 460 Sec.- Jan.... 4 61 4 61 4 61 4 60 4 61 Aprll-May. . 10— West Point—To Ghent— March 7-8teamer Bellini, 4,624. Boston- To I<iverpool —March 3— Steamer Michigan, 2,511 .March 4— March 6 -Steamer Pavonla, 1,400 Steamer Virginian, 1.270 March 9— Steamer Kansas, March Baltimore- ToLiverpool— Feb. 27-Steamer Bossmore, 501 . — . Enrique, 1,208. To Rotterdam— March 7— Steamer Patapsoo, 1,586. Phiuadelphia— To Liverpool— March 11— Steamer British . Cbaigsidk, steamer (Br.), from Galveston for Liverpool, ashore at Ocracoke Inlet, N. C. Fourteen hnnrtred bales of cotton have been landed from steamer Craigslde. The vessel is leaking freely, and a donkey engine Is employed eight hours every day te pump her out. Her stern post Is gone. It i^ thought that when eome more of her cargo Is discharged the steamer will float; probably this week if the weather continues good. Her stern is four points off the beach, and she Is lying head on. Gbantstwyth, steamer (Bi-.), at Amsterdam, from Savannah. A barge laden with cotton from steamer Glanystwytb took lire March 9. Octton freights the past week have been as follows: .... Havre, steam »16 Do e. sail Bremen, steam Do . ^ ... "is e. ... .... e. JI32 "sa Indirect, e. .... --.. »sa »sa Do via indireot.e. Amif d'm, Bteam.e. 37V Do indirect. .d. 37V Hamburg, Bteam.e. Beval, steara ....d. 7328)14 Do sail d. .... .... "^sa^H ... IB,,^ Baroelona,8team d. "ifi Genoa, steam .. .d. »64®»16 Ug^-an,, Trieste, steam... d. >4 \ Antwerp, steam H >e • Per 100 d. ^ "e >fl H — LiVEBPOOL. By cable from Liverpool we have the following statement of the week's sales, stocks. <S;c,, at that port. 20 Feb. 27. Uch. 6. Mch. 13 week 42,000 52,000 47,000 58,000 2,000 3,000 3,000 1,000 3,000 5,000 2.000 10,000 35,000 40,000 37,000 48,000 Aotoal export 8,000 6,000 5,000 9,000 forwarded 71,000 70,000 75,000 84,000 T«)tol itook-EBtlmated 1,076,000 1.112,000 1.155,000 1,144,000 01 whloh American—EBtdia'd 769,000 801,000 843,000 840,000 Total Import of the week 110,000 111,000 123,000 81,000 Of which American.......... 89,000 95,000 110,000 69,000 Amount afloat 267,000 270,000 250,000 210,000 Of whloh American 245,000 250.000 230,000 200,000 The tone of the Liverpool market for spots and futures each day of the week ending Mch. 13, and the daily dosing prices of apot cotton, have been as follows: bales Of whloh exporters took.... Of which speoolaton took. . Sales American BpoU Saturday Motutay. TutKtay. Market, •ket, in b07en' I Steadier. 1:46 P.M.; favor. Hld.Cpl'da. Sales Spae. Aexp. 5,000 500 Steady. FedtMf. l%ur«d'v, Good demand. 418,4 4is,g 41s, B 10,000 2,000 10,000 2,000 12,000 1,000 Friday. Good demand. Harden'g. 478 41B,, 14,000 2,000 12,000 2,000 Finn at Steady at l-64®2.04 advance. Market, i StewlT at Steady at Steady at Steady at 1.64 del.Mad1-64 ad 1.04 ad. P. M.| ollne. vanoe. vanoe. afarket, 4 P. H. Steady. ! Barely •teady. 5 00 5 00 5 03 5 02 4 63 4 63 5 01 6 01 5 01 463 6 00 5 00 4 63 463 4 63 Open High Low. Oloi. d. d. 40 49 52 56 4 4 4 4 4 60 460 463 4 63 4 63 4 450 450 463 4 68 4 67 4 60 6 01 6 00 4 67 6 01 4 4 4 4 5 01 500 600 502 600 5 00 4 63 6 01 6 01 5 01 4 63 4 83 4 63 6 00 4 63 4 62 463 500 463 ThoTs., Mch. 12. Low. OUa. Open High Low. Btgli d. d. d. d. d. 4 50 Mch..Aprll.. 4 60 4 61 4 61 4 65 4 64 4 61 4 51 4 54 4 66 Aprll-May. 4 60 4 60 4 53 4 66 4 69 4 63 6 03 6 05 4 66 4 59 March 4 S3 May- June... 4 58 June- July... 4«1 July-Aug... 600 AugUBt 6 02 468 458 468 Sept.-Oot... 6 01 4 62 5 01 6 03 6 02 5 01 6 00 Nov.-Dec... 463 500 600 600 5 00 463 6 00 Oct..Nov.... Dec.-Jan... 4 5 6 60 50 63 67 60 63 01 00 600 463 463 500 600 5 01 4 61 4 62 600 5 01 6 02 6 01 6 01 5 03 6 02 d. 464 4 64 4 64 464 468 468 600 4 62 4 63 5 03 6 02 6 07 5 06 6 01 604 504 504 6 07 5 06 5 05 6 04 5 05 Open High Low. CUa. d. d. d. 68 58 61 01 05 6 07 6 09 4 68 468 468 460 4 4 4 6 5 5 02 508 604 5 06 5 08 508 6 08 608 6 01 5 00 Clot. d. Mch. 13. FrI., 4 68 4 61 6 02 5 05 6 01 6 04 508 6 6 10 07 6 09 d. 458 4 68 4 61 6 01 6 05 6 07 6 09 508 609 508 5 07 608 5 07 5 03 6 07 606 608 504 5 05 6 03 504 5 03 6 03 6 05 6 05 6 05 5 03 504 506 6 07 506 506 6 07 6 07 5 06 6 07 506 BREADSTUFF S. Friday. March 13, 1891. The market for Qolet. vanoe. Qolet. 4-84 ad. vaooe. Qnlet. Quiet and steady. flour To-day prices lost part of the recent advance. Foreign advices were weak, causing free sales to realize profits. DAILT OLOSQIO PRIOB8 OF HO. 2 RBD WIHTBK WHBAT. TKnrs. Fri. Sal. Hon. Tues. Wed. vices. March delivery delivery Junedellvery July delivery August delivery Sep t«mber deU very December delivery lU^s 11258 lOOSs 107i8 104>6 c. IOII4 c. 101>6 llO'g 108=8 10638 103^8 0.103 106 o. o. c. o. 103% 113H 109% 107% 105ie IO212 10238 lOiis 113'« 109'8 10778 IO514 102i8 114ia 111% HO 107 101% 103=8 10338 103=8 106 113^ HO"* 108% 105»8 102!% 1017g 104ie Indian corn was advanced early in the week by speculative manipulation, the shorts being forced to cover contracts, and on Wednesday an estimate from the Department of Agriculture that only 540,000,000 bushels remained in the hands of growers, against 970,000,000 last March, gave renewed buoyancy to the market. There seems to be reason to apprehend an absolute scarcity. It is within the memory of people in the trade that com brought more than whsat. Yesterday the market was buoyant, a scarcity before the next crop can be made available being generally conceded. To-day the spot market was firmer, but the later futures declined. DAILT 01,081110 PRIOBS OP HO. 2 MJXBU OOBH. Sal. Mo-n. Wed. Tuet. Thwi, JH, 71>« 68ia 71>« 6938 March delivery o. 70% 65>a 70Jt bSia 69»8 .. April delivery o. 67>a 67ie 6«08 66is MaydeUvery 6538 es'e c. 67'a 66I4 67>4 66 c. 6438 65=8 June delivery 65 JulydeUvery o. 64 6538 65% 66i8 67»8 657g Oats have moved closely in sympathy with corn, making a sharp advance until to-day, when values declined rapidly under tuturt*. 1:4A 4 61 63 62 62 61 61 61 d. May Bales of the 4 4 4 4 4 4 4 65 456 4 59 466 4 60 4 63 460 468 6 02 4 63 5 01 504 5 01 OlOB. and meal, though showing a hardening tendency in sympathy with the prices of grain, reflects very little advance in values. The demand was good, and at old figures a very large business could have been done, but the stocks being amp'e buyers were not inclined to offer Tun. ITtdnu. Ikurt. Wri. much, if any, more money, and a demand for aa advance of ^ ^ ^ 'm 10@25c. per bbl. was 8ufla.cient; to check trade. To-day the .... .--, .... .... market was unite dull, and prices were more or less unsettled. Oia »1« 'le "iB The market for wh°at became on Tuesday very active in a .... .... ..• speculative way, showing at times much excitement, and "38 "32 »sa "aa prices made a sharp advance. The buying was mainly from ... .... the ' shorts" to cover contracts, this action being due to ad"sa "sa "35 vices from Paris that the prospects were very poor for the "aa .--. .... next crop in France. The estitoate by the Department of 37V 37V 37V 36-37 "a* Agriculture that 112,000,000 bushels remained in the hands of .... .... growers on the 1st inst. caused some depression on Wednesday morning, but prices for the early months recovered when 'sa®^ lai'SH 'Ba^U 734-3114 .... ... more liberal purchases for export were reported. These puru,^ chases aggregated 134,000 bushels, and included No. 2 Turk16f4 "84 I6e4 »64'3l»16 11m®'18 "6*®'ie "b4®'i6 ish red in store at $1 10, and No. 3 Manitoba at fl. YesterI4 day there was renewed buoyancy on stronger foreizn adH. H \ lbs. Feb. 4 68 4 61 Open Htgh Low. Open Aug.-Sept.. 6 01 Prlnoeas, To Antwerp— March 10 -Steamer Belgenland, Below we give all news received to date of disasters to vessels carrying cotton from United States ports, &c. Hon. 454 4 63 464 Wed., Mch. 11. . le 4 46 4 49 May .June... 4 63 June-July... 4 57 July-Aug... 4 60 August ... 4 62 AuK.-Sept.. 4 62 8ept..0ct... 4 61 Oot.-Nov.... 4 61 6,427. Maria Stoneman, 2,900. Norfolk-To Liverpool— March 7— Steamer Canopus, 665. .March Steamer Sarah RadcllfFe. 6,332. To Hamburg- March 10— Steamer Blue Jacket. 800. aatur. Tues., Mch. 10. BiQl, To Uddevalla— March 12 -Bark Amaranth. 1.200. Oharleston— To Bremen -March 6— Steamer Fairmead, 4,834. To Gottenhurz-Mareh 6— Bark Souvenir, 1,500. ...March 9— Bark Liverpool, steam d. Do late deUv'y.d. Mon., Mch. 9. ». Open 4.e20. Savannah— To Bremen— March 7— Steamer Uplands, To Oefle- March 10— Bark Erstatningen. 1,250. 4— Steamer Mch. 3264 .. .. [VOL. LII. sales to realize. DAILY aUOSSSa PKI0E8 OP HO. 2 MIXIID OATS. •tai. March delivery April delivery May delivery o. o. 0. JulydeUvery o. ifon. 56i« .. 56'ij .. 55J6 6iH 56=8 56»8 Tues. Wed. 56Hi S6is 5'% 57% SeH 58 65J4 56% ^n. Thuts. 68i» 58=8 58=8 56% 56% 66% 57% 55% ILatoB THB CHBOi^ UJUBL 14, 18S1.J Rye ia bo unsettled that current quotations must b« regarded aa merely approximate and nominal. Barley is dull, but rather more eteHilily held. The following are closing quotations for wheat flour in barrels. (Corresponding grades in sacks sell slightly below Qraat Brttaln Other Knropean., Qbina these figures): India Haw Toms TO M a>ob bbl. Patent, winter »2 fl0r»$3 35 3 359 3 75 3 65«4 00 3S0« 4 40 •4 85««5 AO 126 B5 962 372 1,6.3 21,B«1 3,655 1,635 213 50 AMoa BtralKXts Wast India* nty BhlinilDK. extru. 5 15» 5 Kve flour, superfine.. 4 509 5 GO Hezleo Oantral Amertoa., Fine 3 50* 3 80 Sontli AnMitoa.... 418»475 Com meal— Otkereoantrtea... Weatem.&a ........ 3 009 8 25 4 50» 5 00 P»t«int. gprtoic 5 Bnperflne £rD»,Mo. 3 Eztnk.No. 1 dean Brandy wine . .....^ 84»« 5 85 BDokwht^at Hoar, per 100 IbB., 3 50«2 55. ORAin. 0. 0. Com, per boab.— Wheat— 70 Weat'n mixed 97 «120 Bprlng, per bush.. W'nmlx.No.2 73%9 Bed wlBter No. 3 . 1 13>a*l 14>< 70 9 Weat^ yellow 98 • 1 16 Bed winter 70 9 Western white 104 «1 14 White 00» 1 • 1 1 Bye— Western, per bnah.. 90 90 State and Jersey Barter, Western... . 76 HO 77 Canadian State • • • 9 95 95 •* 82 81 90 S50 73>« 74 74 Oats-Hlxed..V ba. 57 • 60 White 67 9 63 57>«9 Sflis No. 2 mixed 58 No. 2 white Buckwheat, per boah 70 • 59 » 72 AOBICOLTURAL DEPARTMENT'S REPORT FOR MARCH.— The Department of Agriculture for March, issued oD the 10th inst., relates to the distribution of wheat and corn as follows The rfsults of the estimates makes the farmers' referve of com 36 4 p^r cent of the crop, in comparison with 45"y per cent last year; in bushels 542,000,000, against 970,000,000 last year. This is the lowest recent resen-e, eiccpi tuat from the smaller crop of 1887 and that from he crop of 1883. The poree itage retaliud In the seven corn-surplus SUV es Is less than In other States. The proportion estimated for consumption where grown la relatively large, 87-4 per cent, against 81'8 per cent last year. The (luautity shipped or to be shipped from the farms Is therefore only 188,000,000 bushels, or leas than half the sur: plus of last y^ar. The proportion ot the merchantable crop Is 79'5 per cent, against 85-7 per cent la«t year. The pioduotlon is therefore slightly under the average in (luality. The average price of merchantable com Is 55*8 cents per bushel ot unmerohautanle a2-9 cents. The aggrouate value of the crop, on this basis, is $761,000,000, ueaily $7,000,000 mure than the December valuutlon. an advance of about 1 per cent, Obtabllshlng the oubstantial aciuracy of the December estimate. The proportion of wheat still in the hands of farmers is lower tnan an average of the last ten years, the lange being from 26 to 33 per cent. It is i8-2 per cent, or 112,000,000 busliels. It has been lower In only two years of the last ten— after the meagre oiops of 1881 and 1885, wh oh wore smaller than tliat of 1890. Including the visible stocks the supply Is 13.n,000,000 bushels. The consumption of the last twelve nonths is estimated at 2t(».o00,000. seed ueed 53,000,000, and exports about 98.000,000 from March 1, 1^90. The low percentages of the spring-wheat States are esi)eclally noticeable. Halt oi the present st icks will bo required for spring seeding. The proportion of the crop estimated lor consumption within the countrj is .521 per cent, against 481 last year. The average weight per measured bus tiel Is 57'2 pounds. The average of 1889 was 57-7 pounds, which was the precise average of seven erops from 1883. In bushels 1 1 60 pounds the aggregate is 381,000,000, or 90,000,000 less by weight than the preceding crop. ; tables usually given here see page 416, THE DRY GOODS TRADE. Haw 48 106 10« 235 711 2,830 376 20 93 832 4 1,446 6,884 I. »e3 840 6Ji«0 1,376 1,783 1,300 4,238 390 1,097 6,101 73 318 4,217 40.778 8,050 1,886 33,696 3,178 4,217 48 ,828 1386 26,874 806 hom New Sngland aolll point* direct. The value of the New York exports since January 1 hare been $3,210,032 in 1891, against $1,360,354 in 1890. Staple cottons were in irregular demand, by turns light and fair in their movement. Nothing like real animation was apparent in any quarter, but plain and colored cottons did moderately well, in reaponse to the demands of jobbers and manufacturers. Brown sheetings fouad a light outlet to exporters, and drills, bleached sheetings, cambrics and white sheetings were all in light request and precisely as last reported. Ticks, denims and woven shirtings were distributed in small quantities by agents. Corset jeans, dyed duck, stripe, plaids, checks and flat- fold cambrics were very quiet. Quilts were in fair demand, and fancy white good scrims, curtain drapery and table damasks of the fancy kind moved out quite strongly on account of back orders. Prices were very generally firm throughout the entire cotton department Print cloths were dull, but the market was steady oiTeiing. at 3c. per yard for 64x64's, and 2 9-16c. for 56x60's. Makers in outside markets were taking Sc, less 1 per cent, for 61x648. 1891. March Btoek of Print Ololki— Seld by Providence manaTera Fall River manufacturer* Ontolde apecnlatora (eat) Total atook (piece*)...... 1890. Xareh 7. 1889. March 8. 9. 364,000 257,000 3,000 31s,000 51,000 10,000 3,000 13,0uO None. 634,000 879,l»00 16.000 FOBEION Dry Goods.—This market had a decidedly commonplace week of it. Visiting buyers were numerous but conservative, and few large transactioos are reported in any department. Dress goods continue the most active feature of the market, and are selling well in all classen, plain and fancy, save mohairs. Black lustres are in moderate request, but in colors and fancies the fabric is neglected. Prices are steady in all departments. Jobs are virtually non-existent, and stocks are not seriously plethoric in any quarter. Printed Indias and pongees are the only things favored in dress silks. Ribbons, velvets, woolens and worsteds, hosiery, linens, laces and embroideries are all quiet. Importation* ot Drr Good*. The importations of dry goods at this port for the week ending March 13, 1891, and since Jan. 1, and the same facta for t he corresponding periods of las t year are as follows t ^ E 2g sE p. ii e; 1 i i^F'aiUio •g to 0)00 CD oeSif>- 01 OI *W O *. 03 w QDCi'-DOlCD Oi CO dress cottons, woven wash dress fabrics, challies and scrims. In brief, the market may be summarized as fairly steady, free from positively weak spots. Buyers have been securing concessions here and there, but only on goods that have palpably failed to suit the public taste. The week has been devoid of sensational or even specially interesting features. The market needs a period of clear weather and spring tempera- wo ^ a -' jio lOtOOi^Ot A^iaoecro L^ \^ OlWXtCGD - QDCSX CDtOQOtSCS lf>'UCOUU o«w a<ic;<tocd 0D-JO5D© 03 Oi K, I? CO 9b it»Oi M-3 ObO it-' T>efi ooo'^cs'b* ooi^tooit— UMOStf^O m ooto ture. packages, valued at $319,403, their destination being to the points specified in the table below: Wmh. mnetJmn. * P. H.. DoMESTio WooLESS.—This department has had a quiet, featureless week. A comparatively small company of package buyers have supplied about all the business. The clothing manufacturers had their representatives in the field, but they did little aside from an inspection of goods. Agents are hopeful and expect a fairly good re-order movement later on. Cheviots, kerseys and fancy cassimeres (cotton-warp) have led the demand. Cheap wool cassimeres and suitings in the worsted classes have been sluggish. Both cloakings and overcoatings of all classes were quiet, as also were satinets aud thj whole range of miscellaneous woolens. OoMBSTio COTTON GOODS.— The exports of cotton goods from this port for the week ending March 10 were 4,217 1. 460 1,407 Total • China, via Vanoonver March 13, 1891. The movement of trade in this market has been rather tame and altogether featureless during the past week. The only apparent reason for the prevailing quietness is the weather. It has been persistently disagreeable, and nicely calculated to discourage buyers of spring and summer fabrics. The attendance of out-of-town buyers has been only fair, and by no means as large as usual at this season of the year. Buyers representing houses at near-by points have naturally refrained from visiting the market on rainy days, and conseSuently the bulk of the week's spot demand has come from lie more distant buyers now in the city on their semi-annual Tisita, The volume of mail orders also showed a slight iaUing off, but in this department the demand was However, spot. than on the relatively better enough was accomplished in an all-round sense, from day to day to keep wholesalers, importers and Agents have made very -jobbers at least moderately busy. fair deliveries on account of back orders in all the popular lines, notably wool and worsted dress goods, fast black fancy TOBK, Friday 243 84 855 , Total 74 statistical report of the IV For WMk. MiM* Jtm. , '.1,1 ISM. 18«1. 10. ArabU » Kne 435 1,399 2,615 1.496 1.814 1.183 t«g*i^tc(» *.» MO taw MywOdot 0>M 26 OB ^ ' 3 0> j 1 3$ g Si 10 to KtO oa CO . i <X^ I 0) OS I «r«05-j V os*4oaw«i& to 281,179 380,974 739,468 454,806 372,985 24 QDMMi^<g SCO MOS WVcoVd COOmOO 0*^000 WODf-OBM '-3W COOOOdb oiSkdQ^ MGftg^O« COOD ^w ex -J >- -J *J --J =0 - J '^ 'j* "* a-^ Qcao f»' »g 8S2gg W om6K5 OHKONlCLie. •l^BTB 436 ®Ott0U. CPotton. & Woodward Walter T. Hatek, Henry Trescott Hatcli^ Arthur ilelvin Hatc/i Members of N. Y. Stock and Produce Exchanges. COTTON MERCHANTS, AND 18 EXCHANGE PLACE, NEW YORli. New LBHMAN DUKB * OO MoDt«omery, AU. LEHMAN ifork. BROS., COTTON LEANS COTTON EXCHANUB8. COFFEE Also orders for CHICAGO BOARD OF THB.DK. well Jas. Edwards Lea McLean & Wisner, t, Co., & Co., New Gettoa Brokers, Members of New York and Boston Stock Exchanges Orleani. 18 EzelianKe Place. Ne\r York Mohr, Hanemann Mambenot tbe Cotton, CoSee and ProduM Bzeta't AQBNOT OF THE HAXALL CBENSUAIV RICHMOND. VA. CUm •tanterd Brands of Flour for Shipment to Wair Climates always on hand. OSIENT MANUFACIUElNtt CO, ORIBNT. L. SULFUUB MINES COMFANT NEW YORK. Orders tar Futara Delivery at execnted in Pyrites, free NEW YORK and COFFEE tar Futara COTTON execaied In NEW YORK, NEW ORLEANS and LIVERPOOL Hubbard, Price CX>TTON & Co., EXCHANGE BUUiDINS, AlTD & GOTTOM. COTTOMHSED Co., OIL, Bo«THEKM prodccb: COMMISSION MERCHANTS, & Co., Cotton Broker) and NKW Miller. TORE, Luolns Hopkins Smith, Samuel Hopkins. Schroeder Baoeesson to & OOMMISBSION MEROHANTB, 17 Water Ntreet, Reeelve oonslgnmenu of Cotton and other prodMa and execute orders at the Kxobanges In Liver. In New York at the olfioa of HAM'L D, BABCOV&, 34 Maaaaa Hireet, Maw Yark. OOTTOir KEBOHANTB, I Thorburn Reid, PHIL ADELPHIA. Consulting Electrical Engineer AND ELECTRICAL EXPERT. Limtpoot, OoBBSiPOirDaam, FREDERIC ZEREGA & Rountree CO. TESTS, EXAmlNATIONS aad REPORTS Bpeclflcatlona & Co., COMMISSION MHBCHAHTS. COTTON EJ^E^MGB. NEW YORK, 15 and OOTTOM. COFFEE, GRAIN, PROVISIONS. BTOCKS and PBTBOLECM. Orders ezecntad in New York, Chicago and LlT- arpool. All grades of cotton suitable to splnaan' mats offered on favorable tarma. WAEE and Eatimaiea Furniahed. NEW^ YORK. ST., American Exchange Bank, ST, LOUIS, Geo. Copeland & - WALKER New York - I Correspondent 8-^»3,00O HILL, Cashier. Write for terms. : Bank of N. Y., N. B. A. Co.. OOTTOai BBOKEBa, P«ARI, HTREET, mo. 8300,000 i^urplas, PETER NICaOLSON, President. Capital, Collections solicited. NEW YORK. & Bliss, Fabyan Co., aw YORK, BOMTOM, PHIL.ADBL.PH1A FBIHTS, DKNIM8. TICKS, DUCKS, *a Wewala, Unllta, Wklta Gaada and Baalary A'Mf, AMMitifff, 4<! for rxporf Trade. Theodori baldwi>, N. Rankin. CORRESPONDENCE INTITBD. IS4 BnjJNS AOIHTS FOB LlADIKa BBAITBS .own and BLEACHED 8HIKTINU and HUKRTIMGH, WATLAIO) Tbask. ALrRSD Soatliern Inrestmeuts and Securities. LIVKRPOOL,, poM, Bapreaented York, Geo. H. McFadden & Bro. connissioN herchants, B.F.bABCOCK&CO., New Refers by permission to The City National Bank, Selma, Alabama. Phenix National Bank, 15 Wall Street, New York J. C. Graham it Co., Cotton Exchange, New York American National Bank, Nashville, Tenneseaa Alabama National Bank, Birmingham, Alabama. Co., Orders for future delivery of Cotton eieouted In new York and Liverpool; also fur Brain and MsioM in New York and Chicago, and CoffeeProIn new York. 18 Wall Street, Transact a general banking business, Includlnjr the purchase and sale on commission of securitiaa dealt in at the New York Stock Exchange. Liberal advances made on Cotton consignments. Special attention given to the sale of Cotton to arrive or in trHnslt for both foreign and domestic markets. Orders executed for the purohaaa and sale of Cotton for Future Delivery. WABB & SCHROBDBB, OOTTOM EXCBANUE BUILJDING NEW YORK. Co., CcmmistUm Merehontt, Gottan Esehanse Bnlldlnc, SutaTU C. Bopklna. Oharlw D. Reid NORFOLK. FA„ AHS m, Price, & Trask BANKERS AND BROKERS, William P. Parrish, 35 W^all Street, New York. MEW YORK. from Arsenlo. Hopkins, D wight Way land DellTerr ot OF VIRGINIA. Grade Co., I. Standard Superphosphates. Hlffta 8c GOTXON EXCHANGE BVXI.DING, ooinmssioN bierchant(», » INVESTMENTS. NEW YORK PRODUCE EXCHANOB and HIC(H ttRADE the Orleans, Chloago and foreign markets, Crenshaw G; BOSTON, MASS. NEW YORK COFFEE EZCHANQB, and Messrs. Smith, Liverpool, Olden execoted on the above BzohanKea as B**Bi BANKERS AND BROKERS' GRAIN AND PROVISIONS at the & Co, H. Prince COKRKRPONDINT8 NKW TOKK. * York. Co., aa William street, New York. F. siercuamt^,,: BZBCUTB ORDERS FOB FUTURE DBLITERT at the NEW YORK, LIVBRPOOL AND NKW OBExehaB« Flaw, MIMBIIRS or TBB STOCK, COTTON. OOVFUB AMD FBODDCB XXCHANGBS. IS & Henry Hentz at the New New COMMISSION MERCHANTS, NKW YORK. •• In 14 Nassan Street, Sons, Bight. C(>nini$«siuiv Po. 40 & Dealers In tnTeatment stocks and bODds. Personal attention given at the N. Y. Stock Ex. change for the purchase and sale on commlssioa of Stocks and bonds for cash or on margin. Interest allowed on deposits, subject to draft at OOTTON OF AJLL GEADE8, SUITABLE TO WAUTB OF AMJSRICAU BPINNEBB. LbBKAS, BTEBN * COm Ntw Orleans, La. T. Hatch INMAN, SW ANN& Co W. F08T BVILDING, Lit ^iimncial. Stillman, MERCHANT3- 16 [Vol.. Filth Avenue HoteJ, UlafUaoii Square, NEW^ YORK.) The largest, best-appolnt«d and most Uberallr managed hotel In the olty, with tlia most centra and delightful location, HITCHCOCK, DAB LINO » CO Bethlehem Iron Comp'y 40 and 48 Wall Street Hanbattan BuUdlns, New York. Massaoit House, SPRINGFIELD, ITIASS, IN WUSTBKH NKW KNOLAND. THE BEST-APPOINTED HOUSE Convenient for the tourist or busiaess man. Union Depot, Nestf _. w. H. ouArm,