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HUNT‘ 8 M1 BCHANT8* M A G A Z I N 18,
^
PEPR E8EN TIN G
W ftfc h t
T H E IN D U S T R IA L
g < w i)» * jr * » ,
A N D C O M M E RC IAL IN TE RE STS OF
VOL 4 4 __________________N E W
YORK, MAKCH
f?tuinitial.
fin a n c ia l.
Alfred H . Smith & C o .,
IM PORTERS,
182 Broadway, Cor. John S treet
Reorganized 1 8 7 9 .
op
B0ND8, P O S T A C E & R E V E N U E 8 T A M P 8 ,
LEGAL T E N D E R A N D N A T IO N A L B A N K
NOTES of the U N IT E D 8 T A T E S ; and for
Foreign G o v e r n m e n t s .
BANE NOTES, SH A K E C E R T IF IC A T E S, BONDS
FOB GOVERNMENTS A N D CORPORATIONS,
»RAFTS, CHECKS, B IL L S O F EX CH A N G E,
•TAMPS, A c., In the fineat and meet nrtletlo style
FR O M S T E E L P L A T E S ,
I f i SPECIAL SAFEGUARDS to PREVENT COUNTERFIITING.
Special paper, manufaeturvd u e l u h c l f for
DM Of ih o Company.
S IL V E R .
GORHAM
M Tg
on the Philadelphia or New York Stock Sxehangea.
C o .,
Broadway and Nineteenth Street,
Work Executed In Fireproof Buildings.
AND 9 MAIDEN LANE.
LITHOGRAPHIC AND TYPE PRINTINO.
> Vice-President*.
TOURO ROBERTSON, J
THEO, H. FREELAND, Sec’y and Treat.
Maverick National Bank
M ASS.
C A P IT A L ,
SURPLUS,
Floyd-Jones & Robison,
B A N K E R S AND B R O K E R S ,
N o . 2 E x c h a n g e C o u r t, N e w Y o r k .
Stocks, Bonds and U. 8. Government Securities
Bought and Sold on Commission.
Wm. C. F l o y d -J onbs ,
W il l ia m R obison
Members New York Stock Exchange.
reserve.
We draw our own exchange on London and the
ontinent, and make Cable transfers and place
■oneyby telegraph throughout the United States
andCanada.
overnment Bonds bought and sold, and exchanges
ashington made for banks without extra charge*
e have a market fo r prime first-class Investment
an<* 'Dvlte proposals from States, Counre and Cities, when Issuing bonds,
e do a general banking business, and Invite cor
respondence.
J. A . K ohn & C o .,
B A N K E R S AND B R O K E R S ,
(M il l s B u il d in g ), 1 9 B R O A D S T ., N . Y .
Members o f the New York Stock Exchange.
Execute orders on commission fo r B o n d s , S t o c k s
and F o r e i g n E x c h a n g e .
Dealers in fir s t -c la s s I n v e s t m e n t S e c u r it ie s ,
Particular attention given to investments fo r Cap
italists, Trust Funds and Institutions.
W m * V . Ca r o l in ,
Ch a r l e s
Member N.Y. Stock Exchange.
f.
Co x .
Oarolin & Cox,
B a n k e r s a n d C o m m is s io n M u c k .B r o k e r s ,
_
No. 55 BKOADW AY.
Branch Office, 315 Madison A v.,cor. 42d St.,New York.
Deposits received subject to check at si«ht, and in
terest allowed on daily balances. A ll stocks and secur
ities dealt in at the N.Y. Stock J£xchange bought and
sold ©n commission, fo r cash or upon margin.
A S A P . P O T T E R , P re s id e n t
Simon Borg & C o .,
JOS. RT. W O R K . C a s k le r .
N o. IT
N ASSAU
S T .,
NEW
YORK
W . P. W ig h t & C o .,
DEALERS IN A L L KINDS OF
72 B ro a d w a y .
Ballroad and Investment Securities.
STOCK B R O K E R S.
and sold’fn!?»<l8i?n<1 Ml8cellaneous Securities bough
W p m.r Caah or on margin.
V aib n' t 1
J* B. Cr e ig h t o n .
‘ N-Y-8t«oB Bhcch.
a . B. Cl a f u n , Spec’
SOUTH!BN BECUKIT1E
A SPECIALTY.
Specialists in R a ilr o a d B o n d s .
STOCK B R O K E R .
Buttrick & Ellim an,
Y o r k , so B r o a d w a y & 5 n e w s t .
seo B r o a d w a y .)
Member of the New York Stock Exchange. Di
rector o f Merchants’ Bxohange National
American Savings Bank, American Safe Dtpodt
Company, Ac., Ac.
Securities bought and sold on commission, for
cash or on margin. All Inquiries gratuitously re#*
ponded to. Correspondence solicited.
JAMBS W HITBLT,
H . CRUGBR OAKLNY.
_
Ma y n a r d c . k y r b ,
H b n r y H . D o d o « , W a s h in g to n ,D . O,
Prince & W h itely ,
No. 6 4 B R O A D W A Y , N E W Y O R K .
Branch o m e n s 11® Fifth A ve.. New York. C
®
branch o m e n s j 539 u tij 8t-i Washington?!).
Buy and sell on commission all classes of NftQroefi
Securities: also Grain and Provisions.
Private Telegraph wires to Philadelphia, Wilming
ton, Baltimore, Washington, Bridgeport, New Haven.
Boston and Pittsburg.
Cahoone & W escott,
18 W a ll S treet, N e w Y o r k ,
Execute Orders In all Securities T.iotad on
NEW Y O R K STOCK EXCHANGE.
Special Attention given to
Government & other Investment Bondi
Correspondence Solicited
R . J. K im ball & C o .,
BANKERS AND BROKERS,
17 Years’ Membership New York Stock Exohange.
Members Philadelphia Stock Exchange.
Non. 1 6 * 1 8 B r o a d S tree t, N e w Y o r k .
Buy and sell on commission, for investment or on
margin, all securities dealt in at the N.Y. Stock Excb.
Ko b k k t J . K i m
b a ll
H am ilton
A
lfred b
. L uunsrery .
& Bishop,
BANKERS AND BROKERS,
Lansdale Boardman,
T R ° y , N .Y ., N o. 17 FIRST STREBT.
o«k Bx*h. membership j private wire; all faculties.
B roa d o r 2 9 W a ll Streets.
WM. R. Travbrs , Special Partner.
$ 4 0 0 ,0 0 0
$ 4 0 0 ,0 0 0
Accounts o f Banka, Bankers and Corporati ona
•ollolted.
Our facilities fo r COLLECTIONS are excellent
tud we rediscount fo r banks when balances war
rant it.
Boston Is a reserve city, and balances with us from
“*nks (not located In other reserve cities) count as a
BANKER AND BROKER,
(B r a n c h o m c a ,
BLANK BOOK8 OF EVERY DESCRIPTION
JANES MACDONOUGH, President
)
F . E . Trow bridge,
Noe. 8 * 5
RAILWAY T IC K E T S O F IM PR O V ED S T Y L E S .
Show Curds, Labels, Calendar*.
W. M. SM ILLIE,
C o u rt, N e w Y o r h .
Private telegraph wires to Chicago. Boston, Phila
delphia and Baltimore.
P h ila d e lp h ia 4c R e a d in g R R . Co
S O L ID
8 A FETY PAPERS.
A. D. SHEPARD,
N o . 31 N e w Street a n d N o . 1 E x c h a n g e
We solicit orders for the purchase or sale of any at
the securities of the
ENGRAVING AND PRINTING,
BO STON ,
Chosm an
L ockw ocd & Crosman,
D I A M O N D S .
bcorporated under law s o f State o f New York, 1858.
SAFETY C O LO R S .
j . hkhon
AN K E RS AND BR O K E R S
N EW YORK.
B n la e u Founded 1795.
P rinters
NO. 1,134.
F. M. L o ck w o od ,
78 TO 86 TRINITY PLACE,
an d
U N ITED ST A T E S
19, 188T
Jfttratxjcial.
A M E R IC A N
Bank N ote Company,
E ngravers
THE
18
W ALL
STREET,
NEW
YORK.
CORRESPONDENCE INVITED
*
No. 35 P IN E S T R E E T , N E W Y O R K .
(Members New Vork Stock Exchange.)
Accounts o f Banks, Bankers and others received.
Interest allowed on balances. A strictly Commission
Business in the purchase and sale o f stocks and bonds.
Private Telegraph W ire to Albany.Troy. Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chfoago.
Draw on Citv Bank o f London in amounts to suit.
Special attention given to Securities fo r Investment
THE
il
[V ol . XLIV,
CH R O N IC LE.
gatxliers atuft gramers of ^oxtìQU ‘g xtlmuQz.
THE
Drexel, M organ & C o ., Kidder, Peabody & C o ., I N V E S T M E N T
FOREIGN BANKERS,
W ALL STREET, CORNER OF BROAD,
;n e w
Drexel & Co.,
YORK.
Drexel,Harjes & Co
00*. Of 5th A Chestnut Sts. 31 Boulevard Bauasmann,
D O X B S 1 10 A N D FOREIGN BANKERS.
ATTORNEYS AND AGENTS OF
Messrs. BARING BROS. & CO., London
C O M M E R C IA L
Deposits received subject to ® ra^ ' ffeJHjfiS!
feyaght and sold on commission. Interest flo w e d on
nanoslts. Foreign Exchange. Commercial Credits.
Oa$e^ Transfws.
Circular Letters fo r T ra v eler,
available In all parts o f the world.
ATTORNEYS AND AGENTS OP
H e u r s . J . S. M O R G A N Sc C O .,
MO. 22 OLD BROAD STREET, LONDON.
Brown
C a b l e T r a n s f e r s a n d R il l s o f E x c h a n g e
G r e a t B r it a in a n d t h e Co n t in e n t .
Boston,
New Y ork,
A L E X A N D E R B R O W N & SONS,
BALTIM ORE.
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
Execute orders fo r all investment securities. Buy
and sell Bill* o f Exchange on Great Britain and
Ireland. France, Germany, Belgium, Holland,
Switzerland, Norway. Denmark. Sweden,
Australia. St. Thom as, St. Croix and
,
-British W est Indies.
No.
B A N K E R S,
N o.
7
STREET.
COUNTY R A N K ,
* LIM ITED,”
.
A N D ON THE
BANK
OF
SCOTLAND
. EDINBURGH . AND BRANCHES;
A ct as Agents fo r Banks, Bankers and Railroad
Companies.
. . . . . .
_______. . .
Issue commercial credits, also foreign and domestic
travelers’ letters o f credit In pounds sterling & dollars
O ffer I n v e s tm e n t S ecu rities.
Buy and sell bonds, stocks and securities In all Am.
erioan, Canadian, British and Dutch markets on com.
mission. Collect dividends, coupons and foreign and
Inland Drafts.
_ ,
Sell Bills o f Exchange on
fC xch a n ge o n L o n d o n , P a r is , B e r lin
a n d Z u r ic h .
an d paym ents
Ma d e
b y cable
P a r is H o u s e — M U N R O E Sc CO.
Schulz & Ruckgaber,
» 9 W I L L I A M S T R E E T ,’ N E W Y O R K
CORRESPONDENTS OF THE
I n t e r n a t io n a l B a n k o f L o n d o n
(L im it e d ), L o n d o n .
M e s s r s . J o h n H e re n b e rg , G o ssle r Sc Co
H am bu rg.
M e s s r s . M a r c n a r d , K r a u s s Sc C o ., P a r is
* co" IF B A 1S
John
BANKERS
AND
BROKERS,
Members o f the New York Stock Exchange.
D e a l e r s in f o r e ig n Ex c h a n g e , Go v er n m en t
a n d o t h e r I nv estm en t B onds . _
STERLING LOANS A SPECIALTY.
4 4 W a l l S t. a n d 6 2 G reen e S t. N . Y
B oy and sell on commission, fo r investment or ol.
margin, all securities dealt In at the New York Stock
B rohanga
C a n a d ia n B a n k o f C om m erce
CAPITAL, $0,000,000.
SURPLUS, $1,600,000.
. J. H. GOADBY & ALEX. LAIRD,
AGENTS,
1« EXCHANGE PLACE, N EW YO R K
BU Y AND SELL STERLING EXCHANGE, CABLE
TRANSFERS. ETC.
» S U E S COMMERCIAL CREDITS, A V A IL A B L E
1 N A L L P A R TS OF TH E W ORLD.
Paton & C o .,
SUCCESSORS TO
J
J E S U P , P A T O N & CO .,
52
W illia m
S treet, N e w Y o r k .
Accounts and Agency o f Banks, Corporations
firms and Individuals received upon favorable terms
Dividends and interest collected and remitted.
A ct as agents fo r corporations in paying ooupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
29 W IL L IA M
Oor. E xchange Place,
.F O R E IG N
STREET,
NEW YORK,
BANKERS.
BUY AND D R A W BILLS OF EXCHANGE
MAKE CABLE TRANSFERS, ISSUE TRAVEL
ERS’ CREDITS.
ISSUE COMMERCIAL CREDITS, AVAILABL!
IN A L L P A R T S OF TH E W ORLD, ON
Messrs. C. J. Hambro & Son. London,
gatxfcjetfs and
ers.
J. C . W a lco tt & Co.,
^
BANKERS AND BROKERS,
N o . 2 4 P in e S treet, N e w Y o r k .
Transact a General Banking Buslnew.
Stocks and Bonds bought and sold on Commission.
Orders received In Mining Stocks, and In Unllstsd
Securities. Collections made and loans negotiated.
Dividends and Interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
DRAW ON
W e issue a Financial Report weekly.
TH E UNION B AN K OF LONDON,
J os. C. W a lc o tt ,
l Members ofjth e New Tort
Stock Exchange.
Fr a n k f . D ic k in so n , f
BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND._______________
g e o Co p p e l l .
G e r a l d L. H o y t ,
t h o s . M a it l a n d .
MemberlN. Y. Stock Exch.
M aitland, Phelps & C o.
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
U n ger, Smithers & C o.
Heidelbach,
Ickelheimer & Co.,
\«■o’ 1“ » » -
J ohn M unroe & C o .,
itasne Circular Letters o f Credit for Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty o f Re-payment.
B i l l s o f E x c h a n g e D r a w n o n t h e City
B a n k , L im it e d , L o n d o n .
C ir cu la r L e tte rs o l C red it issued for
tr a v e le r s ’ use an d C om m ercia l Credits
opened in E urope, A s i a , S o o th America
an d the W est In d ies.
NO. 63 W ILLIAM STREET,
BAN KERS.
ALSO,
N o . 3 2 N a s s a u S treet, N e w Y o r k .
H o, 4 P o s t Office S q u a re , B o s t o n .
C A P I T A L , « 1 ,0 0 0 ,0 0 0 .
Transacts a general banking business.
Receives accounts o f banks, hankers and corpora
tions upon favorable terms.
Issues certificates o f deposit bearing Interest.
Makes loans upon approved merchandise.
Solicits mercantile and personal accounts.
Member N. Y . Stock E xch’ge
S AB LE TRANSFERS AND LETTERS OF CREDIT
Cr e d it s Op e n e d
Produce Exchange Bank,
J. Kennedy T o d & C o .,
COM PANY,
.......... BELFAST, IR E L A N D ;
N A T IO N A L
T H E N EW YORK
ALE XA N D E R BARING.
K e n n e d y T od .
;. O. NORTHCOTE.
Sc S M I T H ’ S ,
R A N K IN G
BROAD STREET,
N ew Y o r k .
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES A C l? , Paris.
SELIGMAN & STETTHE1MER, Frankfurt.
A L8BERO , GOLDBERG & CO., Amsterdam.
* A LTM A N & STETTH EIM EB, Berlin,
Payable In any part o f Europe, Asia, A frica, Aus
tralia anu America.
_ .
Draw Bills o f Exchange and make Telegraphlo
Transfers o f Money on Europe and California.
MANCHESTER, P A Y A B L E IN LONDON;
ULSTER
23
Issue Letters o f Credit fo r Travelers
. BANKERS, LONDON,
&
. (jf 1 1Ml lll| X • VV ISI r U i J i U w l I ; VV U l teliss« a v/i/uu a.
1
. & W . Seligman & C o.
BILLS OF EXCHANGE ON
M ANCHESTER
BANKERS,
1 2 P in e Street,
AND THEIR CORRESPONDENTS.
Draw Bills o f Exchange on, and make Cable Trans
fers to, England, France and Germany.
T & J. Stuart & Co.,
,
P AYN E
Full paid.
Buys and sells Bills o f Exchange, drawing on
Baring Bros. & Co., London, also on Paris and
Berlin.
A cts as Financial A gent in the negotiating and
marketing o f Securities. Deals in Bonds—Corpora
tion, Railroad, State, Municipal, &c. Executes orders
on commission in Bonds, Stocks, &c. Collects interest
and dividends. Receives m oney on deposit, allow,
ing interest. A s desirable investments offer, will
issue its Debenture Bonds, secured by its capital and
assets.
O f f ic e r s :
W ILLIAM BROCKIE, President.
W H AR TO N B A R K E R , Vice-President.
H EN RY M. H OYT. JR., Treasurer.
E T H ELB E RT W ATTS, Secretary.
—William Rrnckifi. Ganron a
fort o\m .
__
BK do Rothschild, Esq., Vienna.
MThelr London house, Messrs. BROWN, SH IPLEY
A CO., receive accounts o f American banks, firms
and Individuals upon favorable terms.__________
S M IT H ,
STREET.
Advisory Committee o f Stockholders.—George M.
ISSUE T R A V E L E R S ’ CREDITS, available In all Troutm an, Gustavus English, Isaac H . Clothier,
William Pepper, M .D ., Thomas Dolan, John Q
parts o f the W orld, through
Reading, Joseph E. Gillingham, John Wanamaker,
Messrs. N. M. Rothschild dc Sons, London. Henry E. Smith, Charles B. W right, Henry Lewis,
«
do Rothschild Bros.. Paris.
Cralge Lippincott,Hamilton Disston, Clayton French,
m
M . A . de Rothschild Sc Sons, Frank Francis Rawle.
JN STERLING,
A vailable In any part o f the world, In F r a n c s for
use In Martinique and Guadeloupe, and In dollars ror
use In this oountry, Canada, Mexico and W est Indies.
Make telegraphic transfers o f money between this
country, Europe and British and Danish W est In
dies. Make collections o f drafts drawn abroad on all
points In the United States and Canada, and o f
drafts drawn In the United States on foreign coun-
S3 N A S S A U
on
August Belm ont & C o .,
I s s u e C o m m e r c ia l & T ra v e lers* C redits
.;
C R E D IT S .
C ir c u la r C red its fo r T r a v e le r s .
Brothers & C o .,
Philadelphia,
o f Philadelphia.
1 Nassau Street, New York,
CHES NU
118 Devonshire Street, Boston. 3 1 0 Capital, 9 2 T 0 0 ,0 0T
,0
0
P A R IS .
P K I L A D E L P H I A_
_
CO.
B
A
N
K E
AND
COMMISSION
22
Sc 2 4
R
S
MEBCHANTS
E x c h a n g e P la c e ,
W illia m T . Meredith,
48
W A L L
S T R E E T ,
(Bank o f New York Building).
Bonds and Stocks bought and sold at the No*
York Stock Exchange.
BONDS AND INVESTMENT SECURITIES FOB
SALE
__________ _
L. C. L a t h r o p . Os c a r B. Sm it h . J. H.OUP hamt.
New Y ork .
Lathrop, Smith & Oliphant,
RTT.T.H OF EXCHANGE, LETTERS OF CREDIT
TELEGRAPH IC TRANSFERS OF MONEY ON
LONDON, PA RIS, MEXICO. CUBA, &c.. Ac.
3 7 BROAD S T ., NEW Y O R K ,
6 PAC IF IC AVE., C H IC A G O .
KOUNTZE
BROTH ERS,
BANKERS,
120 B r o a d w a y , Equitable Building, New York
L E T T E R S O F C R E D IT AN D
C IR C U L A R - NO TES
Issued fo r the use o f travelers in all parts o f the
world. Bills drawn on the Union Bank o f London.
Telegraphic transfers made to London and to various
¿laces In the United States. Deposits received sub
ject to check at sight,and interestallow edonbalanoes. Government and other bonds and Investment
securities bought and sold on ommlsilon.i
BAN KERS AND BROKERS,
Members New York Stock Exchange, New TO»*
Cotton Exchange, and Board o f Trade Chicago-
Stewart B rown ’ s Sons,
STOCK
BROKERS,
6 4 B r o a d w a y Sc 1 9 N e w St«, N e w York
M a r c h 19
.THF
îb t? . ;
ili
THKOM CLK
%KvCktxs nnä JBroliers in Utero
H. L.
H orton
&
C o .,
54 and 3 6 B K O A D W A Y , New
BARTHOLOMEW HOUSE, ) V'oNOON
^BARTHOLOMEW LANE, JL,OJNiJcmS p e c ia l
Taintor & H o lt,
York.
Attention Given to American
Securities.
bereit Accounts and Orders for the Purchase and
gale o f Bonds, Shares, Ac., Ac., on Commission, in
New fork , Boston, Chicago, London or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members o f the New York and Boston Stook E x
changes and o f the New York and Chicago Produce
Exchanges.
Private wires to Chicago, St. Paul, Boston, H a rt
ford. Buffalo and Utica.
BANKERS,
N o . 11 W a l l S t ., C o r. N e w , N e w Y o r k .
TRANSACT A GENERAL BANKING business.
DHP08IT8 received and INTEREST allowed on
balances.
Buy and sell GOVERNMENT, MUNICIPAL and
R AILROAD Securities.
Private telegraph wires to Providence and Boston.
GILES E. TAINTOR.
GEO. H . HOLT.
G. D. L ’H U ILIER.
17 N ASSAU S T R E E T , N E W
NEW YORK.
Transact a General Banking Business.
Malc olm Ca m p b e l l , Member o f N. Y. Stock Kxch,
E. L. Oppenheim & C o .,
[ESTABLISHED 1862],
BANKERS AND BROKERS,
Edward L. Oppenheim.
W alter Del Mar.
P a u l Sc h w a r z .
S. M. R o b e r t s .
Roberts
&
IN V E S T M E N T
S E C U R IT IE S .
We make a specialty o f the buying, selling and
placing o f first mortgage bonds o f railroads, water
works, gas works and other first-class corporations.
Fred.
H.
Sm ith,
BANKER & BROKER,
No. 3 0 B R O A D S T ., N E W Y O R K .
Twenty years’ experience in Railroad Bonds. Pai ties desiring to buy or sell Uncurrent Bonds will
please communioate.
Stocks bought in Fractional Lots or otherwise,
either for Caen or on Margin.
F. H. Sm ith , ) Members Consolidated Stook and
8. W. Sm ith . * Petroleum Exchange. New York.
CEDAR
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment Securi
ties.
W. H . D ic k in s o n ,
Ed w a r d
Member N. Y. Stock Exchange.
p
. A l l in g .
Dickinson & A ilin g ,
AND
BROKERS,
N o . 3 0 P in e S treet, N e w Y o r k .
Buy and sell at N. Y. Stock Exchange, fo r IN
VESTMENT or on MARGIN, all classes o f Stocks
and Bonds, and allow Interest on deposits, subject to
check at sight.
C . J. Turner,
Chrystie & Janney,
BANKERS,
No«. 2 3 A
2 5 N a ssa u S t., N e w Y o r k
Receive deposits subject to check at sight and
allow Interest on b < ances.
Deal In Kail Road Bonds, State, County and Muni
cipal Securities.
Give special attent
to consignments o f Bullion
and make liberal advances on same when desired.
W a lsto n H . B r o w n .
F r e d . a . Br o w n .
H e r b e r t P. B r o w n .
Walston H . Brown & Bros
BAN KERS.
Accounts o f Corporations and Individuals received
upon Liberal Terms. Securities Bought and Sold on
Commission.
MU. 2 0 N A S S A U S T R E E T ,
BANKER
AND
BROKER,
16 & IS BROAD ST., NEW YO R K .
Transacts a general Banking business, including the
purchase and sale o f stocks and bonds fo r eash or on
margin.
BANKERS AND BROKERS,
No. 10
W ALL
S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-class
IN V E S T M E N T s e c u r i t i e s .
11 W A L L STREET, N E W
Y O R K ,'
AND
BROKER
AND
Dealer in Miscellaneous Securities«
MILLS BUILDING (3d Floor,)
Rooms 2Ö * 26.
3 3 W A L L STREET.
STATE AND CITY BONDS OF GEORGIA, ALSO
SECURITIES OF TH E CENTRAL R R. A BAN K
ING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or sell are Invited to Mil
or correspond. Prom pt and personal attention given
to all orders.
W o o d , Huestis & C o .,
31 PINE STREET, NEW YORK,
B A N K E R S AND
BROKERS.
SUCCESSORS
WOOD
&
to
D A V IS .
Execute orders In all securities listed at the New
York Stook Exchange. For Sale :
Fir s t -Cl a s s R a il r o a d f ir s t M o r t g a g e B o n d s .
GEORG
OOP. 0 . H . HUE8TI8. L. M. SWAN
Ja m e s
t
. Clo sson .
J o h n b . D um ont
H u m a n Cl a r k , Special Partner.
Closson & D u m on t,
BANKERS AND BROKERS,
N o . 4 0 W a l l S treet, N e w Y o r k .
A ll stocks and securities dealt In at the New York
Stock Exchange bought and sold on commission, fo r
cash or on margin. Deposits received and Interest
allowed on balances.
Douglas & Jones,
c
B
N o .
18
G
A
N
C o .
K
E
R
S
,
W A L L
S T R E E T ,
N ew Y o r k .
Transact a General Banking Business, Including
the purchase and sale o f STOCKS and BONDS fo r
cash or on margin.
B a p a n d S ell I n v e s tm e n t S ec u rities.
A . M. K id d e r ,
T r a s k . H . J. M ouse .
W . 0 . H il l .
w atland
iS o o d tif
A lc U e ffc iu
&
13 New Street.
(Members o f the N. Y . Stock Exohange.)
Buy and sell Stocks and Bonds fo r cash or on mar
gin. Interest allowed on deposits. Correspondence
solicited.
JOHN F. DOUGLAS,
Of the late firm o f Lawson, Douglas & Co.
W IL L A R D H . J ONES.
Late o f W.S.Lawson S Co., Member N. Y Stook Exob.
t
G o .»
B A N K E R S ,
3 8 Broadway, cor. Exchange Place, N. Y .
Branch Office, 2 4 1 L a Salle St., Chicago.
TRANSACT A GENERAL BANKING BUSINESS,
INCLUDING TH E PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON M AR
GIN. BUY AND SELL INVESTMENT SECURI
TIES. INTEREST ALLOW ED ON DEPOSITS
SUBJECT TO CHECK A T SIGHT.
P. 0 . B ox 447.
D. A . BOODT.
C. W . M cL e l l a n .
R eu ben L b l a n d .
Simons & C h ew ,
8tocks, Bonds and United States Government
Securities Bought and Sold on Commission.j
a,
JAS-D - Sim on s ,
B e v e r l t Ch e w .1
Tlem ber N. Y. Stock Exchange.
-Member N. Y. Produce Exchange.
BROKERS,
Members N. Y. Stock Exchange.
7 2 Broadway,
NEW Y O R K .
STOCK B R O K E R S ,
2 Exchange Court A 3 2 Broadway, N. Y .
BANKERS AND
(16 Years’ Membership In the N.Y. Stook Exohange.)
Townsend & W ashburn,
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits received subject to Check at Sight.
_____________ Correspondence Solicited.
Frank C . H ollins & C o .,
STREET.
ch a s . J. T o w n sen d ,
L a n s in g C. W a s h b u r n .
Member N. Y. Stock Exchange.
J no . P. T o w n sen d , Special Partner.
BANKERS AND BROKERS,
N o . 6 W a l l S treet, N e w Y o r k .
I.H .W a g g o n b b
A . Dutenhofer,
62
John H . Davis & C o .,
We solicit correspondence.
IN V E S T M E N T S .
Buy and sell on Commission, fo r eash or on margin»
all securities dealt in at the New York Stook Ex
change.
Interest allowed on dally balances.
All deposits subject to oneek at. sight.
Particular attention to orders by mall or telegram .
BANKERS,
N o.
Schwarz,
(H U L L S B U I L D I N G ,)
F I R S T -C L A S S
2 4 6 C L A R K STREET, CHICAGO, I L L .
51 & 53 New Street and 42 Broadway. B A N K E R S
B r a n c h O ffice , 91 L e o n a r d St r e e t .
York.
DEALERS IN
G ilm an, Son & C o .,
d e a le r s in g o v e r n m e n t , m u n ic ip a l a n d
R A ILR O A D SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED.
INTEREST A LLOW ED ON D A IL Y BALANCES.
Sons,
1 6 Ac 1 8 B r o a d S tree t, N e w Y o r k .
1 2 1 S o u th T h ir d S treet, P h ila d e lp h ia .
Connected by Private W ire with main office. New
YORK.
BANKERS,
18 W A L L a n d 3 N A S S A U S T R E E T S ,
G eo. K . Sistare’s
F. c. H o l l in s . E. H. E m erson ,
Alexander Campbell & Co.,
bankers and brokers,
H . B. H ollins & C o .,
©its.
BANKERS,
U N IT E D R A N K B U IL D IN G ,
W a l l S tree t, c o rn e r B r o a d w a y .
STOCKS, BONDS < COMMERCIAL PAPER
6
Stocks and Bonds bought and sold on commission
at New Yovk Stock Exchange. Advances made on
business paper and other securities.
J. L . Robertson,
B O N D AMD S T O C K B R O K E R ,
Dealer in Investment Securities,
No. 7 NASSAU STREET,
(Continental National Bank B uilding,)
N ew Y o r k .
Rolston & Bass,
No. 20 BROAD STREET, NEW YORK.
STOCKS, BONDS,
A N D M IS C E L L A N E O U S S E C U R I T I E S
Correspondence solicited.
Quotations cheerfully furnished.
W m . H . R olston ,
w . A l e x , b a s s , Jr.
Member N. V. Stock Excta’ge.
H ir a m D e w in g . Cl a r k D e w in g . F .T . Bontecou
(Member o f N. Y. Stock Exeh.)
H . D ew in g & Son,
BANKERS
AMD B R O K E R S ,
N o . 1 8 W a l l S tree t, N e w Y o r k .
Stocks and Bonds Bought and Sold on Commission
Particular attention given to Information regard
ing investment securities.
Iowa Loan S Trust Co. 6 per eent Debentures
t
bought and sold.
W. H.
Goadby & C o .,
BANKERS AND BROKERS,
N o . 24
B R O A D
S T R E E T ,
N e w Y e iir .
,
[VOL. X L IY
T H E CH R O N IC LE .
gpzttal Jtttrestmefrts.
farvis- Conklin
Ji
M ortgrage Trust C o .,
SUCCESSORS TO
r
is,
Jarvis, Conklin & C o .,
KANSAS
C I T Y , .M O .
C a p it a l P a id U p
-
ip n a t t jc la l.
Jfogcial fupggtmgttlg.
ALABAM A,
TENN ESSEE,
G E O R G IA ,
City, Land, Iron and Coal
Companies.
Ä
o
Ä
Ä
S
t Ä
l a
t
h
e
A N Ï Ê ^ O ^ A N D C oI
now thriving in that section.
Ä
(8 1 2 ,0 0 0 PER- M IL E ),'
JACKSONVILLE TAMPA & KEY WEST
RAILW AY COMPANY.
we
COMPANIES
lMae limited to »1,566,000. Principal due 1914.
Interest payable in New York January and July.
Completed Feb. 22, 1888. Standard gauge. Steel
rails. First-class equipment.
. ,
.
This road forms a part o f the
New York to Tampa, Florida, over which the CnbM
mall is now carried. W e recommend these bonds as
mau is u u "
. _ .onitllv increasing through
*
P . J . G O O D H A R T dc C O .,
$ 1 ,0 0 0 ,0 0 0
IipUlOU) auu
V* —
----R . A . L A N C A S T E R dc CO*
1 0 W a l l str e e t.
MEMBERS NEW YO RK STOCK EXCHANGE,
OFFICERS:
f i& M L E L HI. J A R V I S , P r e .’ t.
E D W I N E . W I L S O N , 1 s t V Ic e -P r e s H .
H E N R Y P . M O R G A N , 2 d V ic e -P r e s ’ t.
2 4 B r o a d S t ., N e w Y o r k .______
U O T 1 C E .—T H E E N G R A V E D C E R T I
J. P. G ayle,
ficates fo r the preferred stock of
THE
R O L A N D R . C O N K L IN , Sec’ y .
W M . F . S H E L L E Y , T reas’ r.
G E O . W . M e C R A B Y , C o u n s e l.
This Company offers fo r sale at pax and
accrued interest its
__
l
First Mortgage 6 P er Cent Gold Bonds
REAL
F ir s t A v ., b e t . 19th. a n d 2 0 th S treets,
« I X P E R CENT D E B E N TU R E S,
Up stairs, opposite B em ey National Bank.
payable half-yearly at the office o f TH 5 M ER
CANTILE TRUST CO., NEW YORK. These
BIRMINGHAM, ALABAMA.
Debentures run fo r Ten years, but with the
option o f redemption at the end o f F ive years.
T h e y are direct obligations o f the Company,
are further secured b y an equal amount of
Valuable suburban tracts of land in bodies
B eal Estate Mortgages on im proved and p ro
ductive Real Estate worth from three to five ton to eighty acres cash.
tim es the amount of|the mortgages, held by THE
MERCANTILE TRUST CO., which under special Mahoning Coal Co. Stock.
Articles o f Agreement acts as Trustee for the
holders o f the Debentures. They are issued in Texas & Pacific BB. Income and Land
denominations of $500, $1,000 and $5,000
Grant Scrip.
These Debentures are a very desirable class
o f investments for Estates and Trust Funds- New Orleans Pacific B B. Land Grant
and for individuals and corporations desiring
Bonds.
a n exceedingly safe investment, with a com ,
paratively high rate o f interest.
Defaulted Railroad Bonds.
Write for further information and reference
to our office at Kansas City, Mo., or to
T O B E Y
A
K I R K - ,
R O L A N D R . C O N K L IN , S ecre ta ry,
E q u ita b le B u ild in g , N .Y . C ity .
4 AND 6 B R O A D S T R E E T ,
J O H N M . S H R I G L E Y , Manager,
4 1 1 W a l n u t S t., P h ila d e lp h ia .
NEW YORK.
________ _
M O R G A N & B R E N N A N , M an ager»,
2 7 C u s to m H o u s e S treet,
Providence, R . 1»
L A K E E R I E dc W E S T E R N
R A IL R O A D C O M P A N Y,
ESTATE AGENT,
heretofore prepared by inadvertence not conform
ing to the resolutions o f the stockholders and Board
o f Directors authorizing the issue o f the same, such
issue has been suspended until the correction of the
plate is made. •
_
The corrected certificate, which alone will be a
delivery on the Stock Exchange, will be ready for
issue on and after
MONDAY, M ARCH 28, 1887,
when the certificates heretofore delivered can be
exchanged*
..
.
The Central Trust Company Is prepared to stamp
the outstanding certificates fo r the preferred stock,
thus making them a good delivery.
L. M. S c h w a n , S e c r e t a r y .
N ew Y o r k , March 14,1887,
i'WVTCIK OF T HK IjO U I S V I &
O ^ A ^ I L L E
T ru st C o .’s Stock s.
AT.T.
G eo. H . Prentiss & C o .,
of
R R r e O .- , 50 EX CH AN G E PLACE,
NBW ^ C E C I L I A 1
BRANCH MORTGAGE.
Notice Is hereby given that pursuant to section
„A 0
,1in .aid mortgage providing for a Sinking Fund,
nwin^niimbers o f bonds, to be paid off at
^ ‘the & sT T a y o f September. 1887, when the
thornon will cease, were ihis day drawn at
k
s
e
33?,
754, 738. 598,231, 495, 227, 718, 811, 094, 90J, 270,143,
82n
’'he9’fo ^ w in g numbers o f the Cecilia Branch
nnPoresenta«on. The March, 1887, coupon is paid at
thN
o°sffi523°79th175 '2 0 7 'TO» 300.“ 4 L m 0 1 5 % , 98.
TH E
»»•
o ii: e K
i
« g £ & 253:932:004- ^
N ew Y o rk
S ’, i l l
S
noV
:
702,'lf
o n ,“
?
AND
N o . 4 9 W A L L S T ., N E W Y O R K ,
▲
urn
* 0 8 M O N TA G U E S T ., B R O O K L Y N .
GAS
STOCKS
and
GAS
S E C U R IT IE S ,
Street R ailroad Stocks and Bonds
ATX
BROOKLYN
k in d s
or
S E C U R IT IE S
DEALT
GSO. H . PRENTISS. W . D . PRENTISS. W .W . W A L SB .
Member N.Y .Stock Exch._______
L. F. Ol n e y .JB .
Col ambus Hocking Valley ds Toledo.
Toledo dc Ohio Central.
K an aw h a dc Ohio.
East Tennessee V a. dc Georgia.
American Speaking Telephone.
Southern Telegraph.
BOUGHT AND SOLD BT
T, S. Stanton,
BROAD
STREET.
H . L . Grant,
N o.
145
B R O A D W A Y ,
NEW YORK.
CITY RAILROAD STOCKS & BONDS
b o u g h t an d sold.
See Quotations o f City Railroads In this paper.
R . T . W ilso n & C o .,
BANKERS AND COMMISSION MERCHANT,
2 E x c h a n g e C oart N ew Y o r k .
Staten Island Securities
A S P E C IA L T Y .
BOUGHT AND SOLD BY
W M .
C.
N O Y E S,
Gas, Railroad & Amusement Co. Stocks
06 B roadw a
gee my quotations o f Trust and Telegraph Stock.
■n
imMuator and Saturday’s Evening Post.
T h e Investors’ A gency
GEO. B . R IP L E Y ,
66 B roadw ay, R o o m 8«
Interest, Ututfleufts, &c.
2 3 4 L a S alle S t ., C h ic a g o , 111.,
M. L.
SCUDDER,
Jr., P roprietor
ANSW ERS INQUIRIES CONCERNING
American Stocks and Securities
IN .
flaw QAS QUOTATIONS IN THIS PAPER.
18 and 18
Brooklyn Companies*
•
Large Library o f Railroad Documents.
Competent Experts.
.
Confidential Reports,
Moderate Charges
E.
S. B a i l e y ,
51* P I N E S T R E E T .
d e a l in g s in
i n s u r a n c e
A
STO C K S
S P E C IA L T Y .
I I Cash paid at once fo r the above securities or they
I L n fh o sold on commission at seller s option.------------
A.
D . M iddleton,
(Late o f M id d l e t o n A Co., Exchange Place, N. Y.)
INVESTMENT SECURITIES,
10
W ALL
n e w
STREET,
y o h
K *_________
H ow ard Lapsley & C o .,
BANKERS AND BROKERS,
7 4 B R O A D W A Y and 9 N E W S T R E E T ,
N ew Y o r k ,.
O F F IC E OF T H E P H IL A D E L P H IA
COMPANY, 935 Penn Avenue, Pittsburg, Pa->
March 9.1887.
SEVENTEENTH DIVIDEND.
The Board o f Directors o f this Company have this
day declared a dividend o f ONE P E R CENT out of
the earnings fo r last month, payable on the 20th
Inst, Transfer books will be closed from the 15th
to the 20th Inst., both Inclusive.
Checks will be
mailed to stockholders.
JOHN CALDW ELL. Treasurer.
28 NASSAU ST.. NEW YORK,-Marcbfc 1887-
"VTOT1CE IS H E R E B Y G I V E N T H A T
IN
the transfer books o f the Cincinnati Indianapolis St. Louts & Chicago Railway Company will be
closed on the 18th inst. and be reopened on the 1st
day o f April next, to prepare for the issue o f $3,000,
000 o f new capital stock, pursuant to resolution ^ ,
the Board o f Directors passed at a meeting duly held
on the 21st day o f February last.
"Rv order o f the President.
07
MORTON, BLISS & CO., Transfer Agents.
t 'O L O R A D O
CENTRAL
CONSOLI*
I ' DATED MINING C O .-T h e regular dividend.
No 15 o f Five Cents per Share ($13,7o0), has bee
declared to the Stockholders o f this Company. pay
able on April 11, at the Farmers’ Loan & Trust 00.
Transfer books close on April 1st, reopening o
Amil 12
R. V . MARTINSEN, Treasurer.
Ne w A o r k ,
______
—
JNJbvY Y v iv zk j March 10,1887.
»
O F F IC E
U
OF
THE
H OM ESTa S J
MINING CO., MILLS b u il d in g , lfi BkOAb
St r e e t , n e w Y o r k , March 10,1887.
DIVIDEN D NO. 104.
The regular Monthly D ivld en d-T W E N ^ C E ^ 3
.
npr share—haa been declared for reDruajy» f
able at the office o f the
y ^ k F^ u i ^ 5 t l i
at the Transfer A gency in New York, on tn e «
^T ransfer books close on th e 19thlnst.
__
Transier D
-?gnNSBERY & C0„ Transfer Agents.
T H E CH R O N IC LE.
M a r c h 19, 1 8 8 7 ,]
T H E
MEXICAN NATIONAL RAILROAD CO.'
f
(INCORPORATED UNDER THE LAWS OF COLORADO.)
First Mortgage Six Per Cent Gold Bonds, Due in 40 Years.
Principal and Interest payable in U.
Gold Coin.
C ou p on s P a y a b le J u n e 1st a n d D e c e m b e r 1st in N e w Y o r k City.
P r e s e n t I s s n e ........................................................ —.......................................................................................................... $ 1 0 ,5 0 0 ,0 0 0
Authorized Issue............................. ..................................... ............................ .....................................................................
^ 2 500 000
With pow er to increase to.............. .............. ........................................................... .. .............................. ..........................
$13,500,000
The plan fo r the Reorganization o f the M exican National R ailway Company, dated Ootober 15 ,188 6, having been approved with alm ost
entire unanimity b y the bondholders and stockholders, and a foreclosure of the first m ortgage being n ow in progress, a corporation called th e
Mexican National Railroad Company has; been organized, under the laws o f Colorado, as contemplated b y said plan of reorganization.
The property o f the old Company intended to be acquired under such plan b y the new Company, and to be m ortgaged as hereinafter stated
is as follow s:
*
M A IN L IN E —
Constructed.
Unconstruoted,
From Mexico City to Laredo, on United States F rontier........................................................................ 497 miles.
372 miles.
BRAN CH ESAcainbaro, via Morelia t o P a tz cu a r o ................................................. .................................................... 95 "
E l Salto and Cintura........ ....................... .................................. .................................................................... 54*a “
;
M atam oras......................................................................................................................................_____........ 75 <
•
Sabinas Coal R oad........................................................................... ...............................
75 “
721*2 miles.
447 miles.
Lease o f the TE XA S M EXICAN RA ILW A Y—
'
** mlle8.
From Laredo to Corpus Christi H arbor....................................................... .......... ...................................................165 miles.
together witn $1,196,000 o f the Texas M exican Railw ay Company bonds (out of a total issue of $1,380,000 bonds) and 24,537*2 o f
said Texas Mexican Railway shares (out of a total issue o f 25,000 shares) and its Interests in $248,000 bonds of the Corpus Christi San
Diego & Rio Grande Railroad Company (secured b y an underlying lien on said Texas M exican Railway) of a total issue of $960,000 bonds.
A total issue of $12,500,000 of forty-year six per cent gold bonds is to be made by the new Company, and to be seoured by a first mortgage
upon all the above described railroad and property, upon that to be constructed and acquired out of the proceeds of such issue (whioh m ay b e
increased by an additional issue of one million, if approved b y the M exican National Construction Company, and severally by a majority in
amount of the second mortgage and of the incom e bonds to be issued by said new Company), and also b y the pledge o f the net prooeeds of seven
million Mexican dollar subsidy (partly earned and partly to be earned) from the M exican Government. The bonds may be paid off in whole or
through selection by drawings, in part, at par, on the due date of any coupon, after six months’ previous notice, or at par, by drawing after n o t ic e
when the aforesaid subsidy may be available therefor. Further details and the provisions made for the application of the proceeds o f the bonds
will more fully appear by the 3d, 4th, 5th, 9th and 14th articles o f said Reorganization Plan.
The M exican Concession, intended to be transferred to the new Company, runs for ninety-nine years from September 30 ,1 8 8 0 , a 3 w ill be
seen from Chapter I, Article 1, of said concession.
Of the $10,500,000 bonds now offered, $2,000,000 have been accented b y the Construction Company in payment o f rolling stock and equip
ment. The unissued balance o f $2,000,000 (or $3,000,000, if authorized) is to be held in reserve fo r possible future requirements.
The completion in the gap in the main line from the City o f M exico to Laredo w ill greatly shorten the distance by railroad between the cities
of Mexico and New York.
The earnings o f the Mexican National Railway, composed of unconnected sections, amounted, according to the books of the Company, fo r
the year 1885, to about $1,320,000 gross, and for the year 1886, to about $1,500,000 gross. The Company states that the net earnings have been
expended upon the property for construction and betterments.
The proceeds of the bonds are not to be at the disposal of the new Company until the acquisition of the title to the above described railroad
and property, and the execution and delivery of the m ortgage to be given to secure the above mentioned issue; all of whioh are to be satisfactory
to C. C. Beaman, Esq., o f Messrs. Evarts, Choate & Beaman, or other counsel.
Tne Junior securities and stock w hich the M exican National Railroad Company proposes to issue at present a r e :
$12,165,000 six per cent Second Mortgage, Series A Bonds.
$12,165,000
“
“
“
f*
B “
$7,040,000 six per cent Third Mortgage Incom e Bonds.
$33,350,000 Stock.
T h e u n d e r sig n e d are a u t h o r iz e d to re ce iv e su b se rlp tlo n s t o th e a b o v e b o n d s u n t i l T u e s d a y , M a r c h 2 2 d .
A t 8 9 1»2 p e r c e n t, p a y a b le a s f o l l o w s :
$ 5 0 p e r B o n d o n a p p lica tio n «
$ 2 0 0 p e r B o n d o n a llo t m e n t.
$ 2 0 0 p er B o n d o n 1 st J u n e , 1 8 8 7 .
$ 2 0 0 p e r B o n d o n 1 st S ep te m b e r, 1 8 8 7 .
$ 2 4 5 p e r B o n d o n D e c e m b e r 1 s t, 1 8 8 7 .
$ 8 9 5 (8 9 1 -2 p e r ce n t) p e r B o n d .
Subscribers have the option of paying up m full, under discount at the rate o f four per cent per annum.
Holders of the existing First Mortgage bonds o f the M exican National Railw ay Company have a preferential right to allotments o f the bon d»
now offered in proportion to their present holdings.
In case no allotment is made, the deposit will be returned without deduction, and where a less amount Is alloted than applied for, the
a ance o f the deposit will be applied towards payment o f the amount due on allotment. Allotment w ill be made as soon as practicable after
arch 22d. Default in payment of any instalment as it falls due will render the previous payments liable to forfeiture.
Scrip certificates to bearer w ill be issued, exchangeable for bonds, when issued, with half-yearly coupons attached, the first being p ayable
’ 88i)> on or about December 1st next, and interest on the instalments will be paid by the railroad company until December 1st, at the
rate of six per cent, per annum.
In the event o f the bonds not being issued, the amounts paid under subscription to this issue w ill be returned.
s im u lta n e o u s issu e o f th e se b o n d s w i l l be m a d e b y M e ssr s M a tb e s o n & C o ., L o n d o n , a n d M e ssr s. W e r t b e l m &
Vtom perlz, A m s te r d a m , a s A g e n ts o f M e ssr s. M a tb e s o n A C o ., L o n d o n .
file
°h the ^ .t°rga? izati° n Plan o f 0ctober 15th, 1886, and o f the Concession of September 30th, 1880, maps and form of scrip, are o n
6 ior Inspection with, and prospectuses and forms of application can he obtained of,
N e w Y o r k , March 19th, 1887,
SPEY EH & CO., Mills Building«
T H E CH RO N ICLE
TÎ
ffitianciat.
f i n a n c i a l .
fin a n c ia l.
T o led o Peoria & W estern N e w Y ork Chicago & St.
Railroad C o .
Louis R ailw ay C o.
The transfer books o f the Farmers' Loan & Trust
Company’s certificates o f deposit o f the first mart*
gage bonds o f the “ Toledo Peoria & Western Rail
road Company ” will close on the 19th Inst., at three
o ’clock P. M., and reopen on the 1st prox., A . M.,
preparatory to the bondholders’ meeting to be held
on the 81st Inst.
TH E FARM ERS’ LOAN & TRUST COMPANY,
By R. G. ROLSTON, President,
Agents o f the Reorganisation Commlttee o f the
TOLEDO PEORIA & WESTERN Rtt. CO.
New York
City & Northern RE. Co
In the suit In the Supreme Court to foreclose the
mortgage given to secure the CONSOLIDATED S ix
PE R CENT BONDS OF THIS COMPANY, an
order o f reference has been made to take proof o f
the outstanding bonds, the names o f persons hold
ing the same, toe amounts o f such holding, and the
circumstances under which such holdings were ac
quired.
. ,
. ,
.
The holders o f such bonds who have not already
done so are notified to deposit their bonds with THE
FA RM ER S’ LOAN & TRUST COMPANY.
Due notice will be given to such depositors o f the
time and place when they must attend, and make
proof before the R eferee, and the <ounsel o f the
Committee o f Bondholders will attend with them
fo r that purpose,
.
. .
.
. .
The total amount o f such outstanding bonds Is
*3.697,000, o f which *2,775,000 have been deposited
with TH E FARM ERS’ LOAN & TRUST COM3?ANY.
For further Information address Messrs. HOLMES
& ADAM S, 85 Wall 8treet, New York.
H E N R Y V ILLA R D ,
E L IJA H SMITH.
WM. MERTENS,
A L FRE D LICHTENSTEIN, ARNOLD MARCUS,
Committee o f Bondh lders.
New York City & Northern RR. Co.
Holders o f certificates issued by TH E FARM ERS’
LOAN & TRUST COMPANY for the Consolidated
Six Per Cent Bonds o f this Company, are required
to call upon or send their names and addresses to
Messrs. HOLMES & ADAMS, 35 Wall etieet, lor
the purpose o f enabling the Counstl o f the Com
mittee o f Bondholders to make proof before a Re
feree, appointed in the pending foreclosure suit, o f
the outstanding bonds and certificates, the names of
the persons holding the same, the amounts or .i uch
holdings and the circumstances under which such
holdings were acquired.
HENRY V IL L A R D ,
E L IJA H SMITH.
WM. MERTENS,
A LFRE D LICHTENSTEIN, ARNOLD MARCUS,
Committee o f Bondholders.
New York City & Northern RR. Co.
The Supreme Court has appointed a referee to
take proof o f the outstanding bonds o f the New
York City & Northern Railroad Company and o f the
names o f the holders. Bondholders are requested
to send to this company, before March 24th, 1887, a
statement o f their names, addresses and amount
and description of their holdings; and notice will be
given to them of the time and place when they must
attend to prove their bonds.
CENTRAL TRUST CO. OF NEW YORK.
Trustee.
F. P. OLCOTT, President.
V illage o f Geneseo, N . Y .
WATER BONDS FOR SALE.
Sealed proposals will be received by the under
signed until the 7th day o f April, 1887, at 12 o’clock
M„ for the sale o f from Sixty to Sixty-five Thousand
Dollars o f the Bonds o f the village o f Geneseo, Livngston County, N. Y. Said bonds to be payable in
ten, twenty and thirty years In the city o f New
York, and dated May 1,1887, with semi-annual inter
est ; $20,000 payable In ten years from d a te; $20,000
payable in twenty years from date, an 1 the Balance
payable thirty years from date. The village has an
assessed valuation o f $1,600,000 with no bonded
debt. The bids to state the rate o f Interest at which
they are proposed to be taken; and the right Is re
served to reject any and all bids. Further inform a
tion furnished upon application.
Dated Geneseo, March 15th, 1887.
THEO. F. OLMSTEAD,
Treasurer Board o f W ater Commissioners.
H enry S. Ives & C o .,
BANKERS,
NO. 2 6
N ASSAU
S T ., N E W
YORK.
P. O. BOX 1,422.
Transact a general banking business, Including the
purchase and sale o f securities listed at the New
York Stock Exchange, or In the open market.
Receive deposits subjeot to oheok at sight and
allow Interest on dally b&lanoes.
Government, State, County, City and Railroad
bonds constantly on hand fo r sale or exchange, and
particular attention given to the subject o f invest
ments fo r institutions and trust funds.
Gas. Insurance, Banks, City Railroads'
Scc . Send for list published on Mondays.
W E OFFER FOR SALE
Denison (Texas) City W ater Co. 6 per
ct. 30-year Gold Bonds.
Interest February and August at FARM ERS
LOAN AND TRU ST CO., Trustees, New York, and
( N I C K E L P L A T E .)
The Purchasing Committee, under agreement o f
Feb. 4,1887, fo r the reorganisation o f the New York
Chicago & St. Louis Railway Company, H E RE B Y
GIVES NOTICE that security holders (who have not
already assented), to avail themselves o f any bene
fits under said agreement, must present their bond
certificates at the Central Trust Company o f New
York for stamping, deposit their bonds with said
trust company, and pay the stock assessments and
have the stock certificates properly stamped by said
trust company,
Yincennes (Ind.) W ater Supply Co. 6
per et. 30-year Gold Bonds.
Interest payable January and July at PH ILADEL
P H IA TRUST CO., Trustees, Philadelphia
The above works have been accepted by the re
spective cities and are in full operation. For
further particulars apply to
W .
e .
H O P P E R
F. P. O LCO TT,
C h a ir m a n .
of
the
h il a d e l
COM
Creditors and shareholders who have not yet depo
sited their securities under the Reorganization plan,
will be permitted to denosit them until WEDNES
DAY. MARCH 16, 1887, by the payment o f a PEN
A L T Y OF ONE PE R CENT upon the par value o f
the securities, and thereafter will be further per
mitted to deposit them until TH URSDAY, MARCH
31.1867, by the payment o f a similar PE N A L T Y OF
TW O PER CENT.
The General Mortgage Bonds are to be deposited
with Messrs. DREXKL .v CO. and all other secur
ities with Messrs. BROWN, BROTHERS & CO.
JOHN B. GA R RE TT,
Chairman Reconstruction Trustees.
Deposits will be received In New York o f General
Mortgage Bonds by Messrs. DREXEL, MORGAN &
CO., and other securities by Messrs. BROWN
BROTHERS & CO.
O ffice of D r e x e l , M o r g a n & Co.,
23 W a l l St ., N e w Y o r k , March 16,1887.
)
$
To the Security Holders o f the
Chicago & Atlantic RR. Co.:
Having undertaken, at the request o f the holders
o f a large amount o f the securities o f the Chicago
& Atlantic Railway Company, to bring about the re
organization o f that company and to adjust the dif
ferences between it and The New York Lake Erie &
Western RR. Co., with the understanding that the
railroad o f the reorganized company shall be trans
ferred to and operated by the New York Lake Erie
& Western RR. Co., we have made a contract with
The New York Lake Erie & Western R R. Co. with a
view to such reorganization and adjustment.
Copies o f a circular setting forth the plan o f re
organization may be obtained on application at our
office.
Holders o f the securities o f the Chlcag i & Atlan
tic Railway Company are requested to deposit same
with in accordance with said circular.
W E O F F E R FOR SALE
First Mortgage 6 P er Cent Gold Bonds
OF THE
ROHE
REORGANIZATION OF TH E
Committee.
N ew Y o r k , March 15,1887.
Pearce,
1 6 Sc 1 8 B R O A D
BROKER IN ALT, KINDS
S T .,
OF INVESTMENT
BONDS, MISCELLANEOUS SECURITIES
AND DEFAULTED BONDS.
CORRESPONDENCE SOLICITED
DECATUR
RR.
G R O V E S T E E N Sc P E L L ,
6 6 E x c h a n g e P la c e , N e w Y o r k ,
BANKERS AND BROKERS.
F IC E S
OFBroadway,
TO
LET
AT
NO.
47
In large and small suites, and at
low rents. Modern first-class office building, steam
heat, elevator, etc. Steam-heat and janitor’s serv
ices included In re n t; also basement office in same
building, fronting on Broadway, well lighted.
JOHN F. DOYLE,
45 william Street.
Fifth
Avenu
HOTEL,
M adison Squ are,
M EW Y O R K ,
The Largest, Best Appointed and Most Liberally
Managed H otel in the City, with the Most Central
and Delightful Location.
HITCHCOCK. DARLING A CO.
Bible
H o tel,
AM STERD AM , HOLLAND.
Beautifully situated in the centre o f the city, clos
to the Railway Station and the Exchange.
First
rate cooking. Excellent wines. Moderate prices.
W . P. W ER KE R , Manager.
M assasoit
House,
S P R IN G F IE L D , M ASS.
TH E BEST APPOINTED HOUSE IN WESTERN
N EW ENGLAND.
Convenient fo r the tourist or business man. Near
Union Depot.
__ _
__ _
W . H . CH APIN .
f i n a n c i a l .
J ohn G. M oore .
W . K. K it c h e n .
G. B. Sc h l e y
Moore & Schley,
Pittsburg & Western RR.Co,
The undersigned, a com m ittee o f the bondholders
and stockholders o f the above-named company, give
notice that copies o f a plan and agreement o f re
organization may be procured fo r them on applica
tion, or from Messrs. D R E XE L & CO., Philadelphia,
and Messrs. D R E XE L, MORGAN & CO., New York,
with which firms the existing securities o f the com
pany are to be deposited iu accordance with said
agreement and plan.
Bondholders and stockholders are requested to
deposit their securities at once to facilitate a speedy
reorganization.
J. LO W B ER W ELSH,
JOHN T. T E R R Y ,
O. H. COSTER,
ANTHONY J. THOMAS,
&
Principal payable 1926. Interest June and Decem
ber at American Loan & Trust Co., Trustee.
Issued at the rate o f $15,000 per mile.
This railroad runs through the rich -st mineral and
agricultural portions o f the States o f Georgia and
Alabama, and forms a direct W estern outlet for
roads centering at Rome, including the East Ten
nessee Vtrginta & Georgia and Georgia Central roads
D R E X E L , M O R G A N Sc CO
A lbert
CO.,
A LIMITED AMOUNT OF
A fter the 19th Inst, bond certificates, bond and
stock, will only be stamped and received under the
agreement upon payment o f $11 per share on stock
and 1 per cent o f the face value on bonds and bond
certificates.
P
&
R A IL R O A D
RN Y AND A F FREADING COMPANIES.
PA
IL IA T E D
At
No. 28 South Third Street, Phila.
ON OR BEFORE MARCH 19, 1887.
e o r g a n iz a t io n
p h ia
XLIV.
[V ol.
BANKERS AND BROKERS,
26
RROAD
STREET, NEW
YORK.
B r a n c h Of f ic e s :
72 W all St., N. Y.
114 So, Third St., Phila.
Connected with
I. A . EVANS & Co., Boston,
Corson & Ma c a r t n e y , Washington, D.C.
E. L. B r e w s t e r & Co., Chicago.
H u b b a r d & f a r m e r , Hartford.
Private W ire Connections.
Buy and sell Stocks, Bonds and Miscellaneous
Securities on New York Exchanges; also Grain and
Provisions on Chicago Board o f Trade,
Spencer
Trask &
C o .,
BANKERS < BROKERS,
k
16 and 18 Broad Street, N. Y.
Albany, N.Y.
Providence, R. I.
Saratoga.
Transact a General Banking Business•
Direct Private Wires to each office and to
PHILADELPHIA.
BOSTON,
W orcester;
HUNT'S MERCHANTS' MAGAZINE,
D
REPRESENTING- T H E IN D U S T R IA L
VOL. 44
W e r M jj
AND
l i e w s p a p n ,
C O M M E RC IAL IN T E R E S T S OP T H E U N IT E D S T A T E S .
S A T U R D A Y , M A R C H 19, 1887.
C O N T E N T S
TH E
Clearing-House R etu rns........
The Financial S itu ation....... ..
Foreign Exchange Market and
the Undervaluation o f Im
p o r t s ......................
The Cleveland Columbus Cin
cinnati & Indianapolis..........
Terms o f Subscription—Payable in A d v a n ce:
For One Y ear (including p osta ge)..........................................$10 20
For Six Months
do
..........................................
6 10
European Subscription (including p ostage)........................ 11 28
Annual subscription in London (including p o s ta g e )......... 4 2 7s.
Six Mos.
do
do
do
......... 4 1 8 s .
These prioes include the I n v e s t o r s ’ S u p p l e m e n t , o f 100 p ages,
issued onoe in tw o months, and furnished w ithout extra charge to
subscribers o f the Ch r o n ic l e .
Subscriptions w ill be continued until definitely ordered stopped. Tho
publishers oannot be responsible fo r remittances unless made by Drafts
or Post Office M oney Orders.
A file cover is furnished at 50 cents; postage on the same is 18
cents. Volum es bound fo r subscribers at $1 00.
L o n d o n A g e n ts :
Messrs. E d w a r d s & S m it h , 1 Drapers’ Gardens, E. C., who will take
subscriptions and advertisem ents and supply single oopies o f the paper
at Is. each.
WILLIAM B. DANA. ( W I L L I A M B . D A N A de C o ., P u b liait ers,
< 7 9 âc 81 W i l l i a m S tree t, N E W Y O R K .
JOHN G. FLOYD.
I
P o s t O f f ic e B o x 9 58 .
CLEARING
HOUSE
RETURNS.
The current exhibit of clearings (for the week ended
March 12) although recording a decrease from the total for
March 5, is nevertheless of a fairly satisfactory character,
this is especially true when comparison is instituted with the
similar period of 1886. The decline from last week in the
aggregate reaches $5 9,964,213, of which New York contrib
utes a little over thirty-three and a half millions. Philadel
phia also exhibits a considerable loss, but at other points
where any decrease is shown, it is comparatively small.
Thirteen cities report gains over a week ago. Dealings in
railroad and other properties on the New York Stock Exchange
during the week have been a little larger in volume than in
the preceding week and in the other speculative markets
increased activity is to be noted. Business reverses for the
week as represented by mercantile failures show a small
increase over the previous week, but fall below the figures for
the corresponding period of the four preceding years ; from
January 1 to March 12 the total is less than for the same time
in either 1886, 1885 or 1884.
Contrasted with the week of 1886, the present returns
record an excess of 16’1 per cent. This is the most favorable
per centage since December 18 last. Altogether there are
only two cities (Hartford and Galveston) which report any
loss from a year ago, and the gains at many points are worthy
of note; particularly Omaha 93’9 per cent, St. Paul 85*9, St.
Joseph 67*5, Denver 53’1, Memphis 52’7 and Peoria 50*1 per
cent. The West makes a very favorable showing this week
the aggregate. increase in that section being 34 per cent—the
best since last August.
New York Stock Exchange share transactions during the
week have covered a market value of $96,068,000, against
$98,048,000 in 1886, Making our usual deduction from the
New York total for these operations we find the exchanges
due to other business to be $424,630,394 this year, against
$336,249,679 last year, or an excess of 26’3 per cent.
Week Ending March 12.
CHRONICLE.
353 January Net Earnings.............. 358
354 Railroad Earnings..................... 359
Sties of—
Monetary and Commercial
(Stocks.... shares.)
English N ews............................360
(Cotton....bales.)
356 Commercial and Miscellaneous
(Grain.. .bushels)
(Petroleum..bbU.)
N e w s...............................
361
357
^ixjc © f e r o u ijc le .
NO. 1,134.
1887.
1886.
Per Cent.
Week Ending Mar. 0,
1887.
Percent
(1,784.343)
(564,‘JO I
U
(55,6*10.8001
(S8.lS0.uuu/
(1,879,962) (-6-1)
(1.070,100) (—47-3)
(26.734.000) (+108-2)
(35.258.000) (-20-2)
(1,066.555) (—22‘7)
(260.900) 1
—78-3)
(47,080,8 m (+125-5)
i
(23,198,000) (-85-1)
$36.137.689
4,476.900
1,6(5,639
1,084,736
793,313
806,930
831,83b
588,137
$76,414.636
4,049,900
1,756,374
939,887
758,814
778,806
727,325
507,739
$91,498,689
5,324,600
1.779,389
1,194,058
862,159
893,433
+15-8
475,174
Total N. England
$96,335,202
$85,932,971
+12-1
$102,832,209
+9*6
Philadelphia.........
Pittsburg....... .
$60.335,792
8.0ÖJ.837
12,463,. 93
$51,480,247
6,802,464
11,336,076
+17-2
+19-0
$72.470,926
9,197,909
J J fv 1
LL l
J
f
c
+13-8
+8-4
+19-7
B o sto n ........ ..........
Providence............
H artford................
New H aven...........
Portland................
W o rce ste r...........
L o w e ll..................
+12*7
+10-5
—SO
+15-4
+4-6
+36
+9-2
+29-1
—5"4
+7-6
+1-5
+ 8-3
+18-3
+11-0
Total M id d le....
$80,895,432
$69,508,787
+16-4
$96,350,859
+14-1
Ohicago..............
Cincinnati.............
Milwaukee............
Detroit...................
Indianapolis.........
Cleveland.............
Col mi Dus.............
Peoria................... .
Omaha...................
Minneapolis..........
Denver..................
St. Paul ................
Grand Rapids......
W ichita*................
$51,463,682
13,474,950
4,336 063
8.308,431
1,390,513
3,091,933
2.213,897
1,035 769
2,563,569
3,014,6t'Ö
2,664,329
3,961,668
570,082
1,758,390
$40,998,717
9.827,650
3.233,882
8.122,142
1.226,597
2,136.951
1.838,180
683,398
1.321,435
2,2t.6,883
1.739,858
2.130.603
396,860
433*8
426*9
431*4
+5-8
413*4
+44"7
4-20*5
4-50*1
+93*9
4-33*0
+53*1
4-85*9
+43-0
$58,909,441
12,012,550
4.979,347
3,658,923
1,573,561
3,409,031
2.261,590
1,185,726
2,290.895
2,7*8.284
2,411,486
3,020,512
488,642
1,831,959
+19-1
—8-5
+31-7
+13-2
+40-3
+45-8
+15-0
+ 452
+58-6
+24-9
+24-8
+41-0
+18-7
Total W estern...
$94,971,481
$70,911,151
+34-0
$99,532,994
+18-0
St. Louis................
St. J o s e p h ........
New Orleans..........
Louisville..............
Kansas City..........
Memphis ..............
walveston..............
N orfolk.......... .
$17,562.654
1,510,764
10,365,081
4,784.144
6,811.686
2,799,032
1,266,994
769,435
*14.751,623
902,023
8.690,482
4.321,090
5.031,398
1,832,808
1,513,882
781,055
+19*1
4-67*5
4-39*3
+10-7
+35-4
+52*7
-16-3
+5-2
$17.434.732
1,843,517
7,080,288
5.843,436
7,440,152
2.555.015
1.214,406
775,054
+9-0
+76-9
—10-8
-2 -2
+60-7
+25-4
-8 -5
+1-5
Total Southern..
$15,869,793
$37,774,261
+21-4
$44.292,150
+9-8
San Franclsoo......
$13,660,284
$12,681,325
+T7
$15,074,688
+12-0
$858,178,174 +16-1
$276,808,495 £+199
$1,050,490,789
+«•7
$358,082,900
+13-2
T otal a l l ............
$996,532,578
Outside New York
$331,732,182
* Not Included In totals.
Our usual returns of exchanges for the five days as received
by telegraph are given below.
We have rearranged our
statement this week, and on the basis of the five-day tele
graphic figures and last week’s total for other cities present
an estimate of the exchanges for the full week ended with
Saturday. Owing to a decline at New York, due to reduced
stock operations, the clearings for the five days exhibit a
small decrease from the corresponding period of last week,
but contrasted with 1886 a gain of 3 9 per cent is recorded.
For the week ended March 19 the figures below indicate an
increase compared with last year of 5’5 per cent in the whole
country, and an excess outside of New York of 20‘1 per cent.
Week Ending March 19.
1887.
1886.
Per Cent.
Week Bnd'g Mar. 12.
1887.
Percent
New York.............
Bales of Stoch (shs.)
Boston..................
Philadelphia.........
Baltimore.............
Chicago.................
St. Louis...............
New Orleans.......
$543,201,001
(1,223,975)
75,191,518
53,307,940
10,422,170
44,888,000
14,762,404
9,332,651
$547,820,071
-0 -9
(1,881,058) (-34-9)
62,611,142 +20-1
49,828,540
+7-0
10,012,482
+4-1
34,903,000 +28-6
10,624,360 +38-9
6,944,230 +84-4
$557,173,460
(1,525,439)
72,145,324
49,769,324
10.335,591
45,602,000
14,919,544
8,275,043
Total, 5 days...
Estimated 1 day
$751,105,684
150,221,137
$722,743,831
144,548,766
+3-9
+4-0
$758,250,280
151,650,057
+14-5
Total full week
Balance. Country*
$901,326,821
92,234,413
$807,292,597
74,618,008
+3-9
+23-0
$909,900,343
97,812,836
+14-5
$941,910,005
+5-5
$284,526,520 ~+20"î
$1,007,712,079
+14-0
$339,064,527
+16-Í
Total week, all $993,561,234
Outside New York '¿ M l , 720,033
For the full week, baaed on laat week’s returns.
+13-6
(-4 -1 )
+12-5
+15-7
+9-4
+331
+18-0
+2-4
+14-5
+15-5
354
T H E CH RONICLE.
THE FINANCIAL SITUATION.
Money continues to point towards higher rates. So far
as call money is represented by bankers’ balances, there is
only a slight advance, the average being about 4£ per
cent, with 7 and 3 per cent as the range. The higher
extreme was recorded early in the week, when moderately
large sumB were loaned at that figure; the lower rate was
quoted on W ednesday and Thursday, when bankers inter
ested in reconstruction schemes were free lenders. That
the tendency o f the market is upward is shown b y the
fact that time money on stock security is in good demand
at 5 @ 6 per cent for 60 days to 4 months, the rate depend*
ing on the character o f the collateral, and some o f the
largest houses are now borrowing at these rates, depositing
first class bonds and dividend-paying properties to secure
the loans.
This action is undoubtedly stimulated by the
unequal condition o f the banks as to reserve, the return oflast Saturday showing that three o f the largest institu *
tions were carrying about
millions out o f the 8 mil
lions of surplus.
But such preparations are the best
guaranty o f freedom from severe stringency, which so
many are prophesying.
Our reports from W estern dis
tributing centres are that there is a lit'le less urgency in
the demand for money, yet the returns made to us o f
shipments to the interior by our banks aggregate this
week quite a large total.
There is a fair supply o f g ood
commercial paper on the market, but city banks, as here
tofore reported, are buying very little.
The rates are
slightly higher, 60 to 90 day endorsed bills receivable
being now quoted at 5^@ 6 per cen t; commission house
names are 6@ 6£, and good single names having from four
to six months to run are 6 @ 7 per cent.
The cable reports discounts of 60 day to 3 months’
[V ol. XLIV,
foreign trade to warrant this decline. Exports are to be
sure larger than a year ago, but the increase cannot be
much more than the increase in the imports. Besides the
next three months are quite likely to show a balance on the
merchandise movement against the United States. Mr.
Switzler, of the Bureau of Statistics, has this week issued
the export figures for February of breadstuffs, cotton,
&c., and we have prepared a summary of them for three
years and give it below.
EXPORTS OP BREADSTUFFS. PROVISIONS, COTTON AND PETROLEUM.
Exports
from V.S.
1886-87.
1885-86.
1884-85.
February. 8 Months. February. 8 Months. February. 8 Months.
Quantities.
Wheat.bush.
F lour... bbls.
6,302,453 65,534.078
080,381 7,604,402
5,058,107 29,586,497
573,135 5,117,160
5,269,722 67,767,683
881,778 6,790,870
Wheat, bu. 10,304,107 99,754,487
C ora .. .bush. 3.945,005 23,183,789
7,6374215 52,013,717
6,188,051 36,565,890
9,237,723 98,326,602
7,249,308 27,011,770
T ot. bush.. 14,249,262 124,938,276 13,823,260 89,179,607 10,487,031 125,938,372
Values.
Wh’t & flour
Cora A meal.
R ye..............
Oats A meal.
Barley..........
$
*
0,703,364 90,755,292
1,960,483 12,554,192
13,950
64,037
94,513
516,209
14,130
780,719
$
$
0,860,866 50,367,350
3,169,796 19,540,709
9,809
98,116
50,017 2,385,704
13,769
119,406
$
t
8,633,719 91,320,889
3,811,375 15,323,935
55,732 1,740,271
234,001 1,624,958
12,385
310,079
Br’ds tuffs.. 11,881,446 104,670,449 10,105,157 72,461,285 12,747,212 110,320,132
P rovisions..
7,874,426 60,'258,314 6,641,318 58,544,789 7,435,499 71,489,401
Cotton.......... 18,741,246 169,048,975 17.201,081 148,556.367 14,394,351 168,573,943
Petrol’m, Ac. 2,400,182 30,476,082 3,259,461 88,725,127 2,975,991 33,670,00»
Tot. value. 40,400,300 364,453,800 87,207,617 313,287,568 37,553,053 384,053,485
The foregoing shows that the total values o f these ar
ticles was $3,000,000 larger than for February, 1886.
Ia the matter of the purchase of a controlling interest
in the Baltimore & Ohio Railroad, some new developments
have transpired since our last. A s we stated a week ago
the arrangement with Mr. Sully had no real substance, it
being a mere personal venture without the necessary
backing; and yet that affair disclosed to the publio
bank bills in London down to
psr cent, the open mar that Mr. Garrett would, on some conditions and under
ket rate at Berlin
per cent, at Frankfort 2£ and at certain limitations, part with the control o f his
Paris 2^. These rates indicate little speculation and dull road. But from the best information that could be
trade. It is natural that the tendency all over Europe gathered, the party o f the second part to such a
should be in the direction of greater quietness in commer scheme was expected to control two distinct interests
cial affairs. W ith the very large armies now facing one — one a Southern connection and the other a N ew
another and the state of tension existing between Conti Y o rk connection, the latter being most
essential,
nental powers on political questions, aggravated this week yet hitherto least eager.
This was the shape in
by the Nihilistic attempt upon the life of the Czar of which the matter may be presumed to have stood when
Russia, activity in trade would seem to be impossible. Mr. Sully, by his unsuccessful venture, advertised the
Much was expected, especially in Great Britain, from the position of President Garrett.
Since then new parties
revival here, and during the past year our purchases there have been introduced, ready apparently according to the
were largely increased; but there is not much animation public announcements, to deliver a New Y o rk terminus.
here in the import trade now, so that the prospect is that First Mr. Gould was given that position, not from anyour demand will be slackened, while England’s operations thing he had said, but because being a man o f ways and
with continental nations are likely to be restricted until some means, and possessing various properties which might be
change occurs in political affairs. The Bank of England advanced by such a connection, the thing looked as if it
gained £439,000 bullion during the week, which, accord was desirable from his point o f view.
But where
ing to a special cable to us, was made up of £280,000 re were the terminal facilities to come from ? That they were
ceived from the interior of Great Britain and £159,000 a sine qua non, all the stories which have been afloat, as
which our cable says was “ principally bought.” The well as the nature of the problem before the Baltimore &
Bank of England now holds more gold than it has held Ohio, would seem to make obvious.
A n d as Mr. Gould
since September 3,1885, when the amount was £24,454,- had none such to deliver, his participation in the scheme
475, the influx having been continuous since December as principal seemed out o f the question.
A t all events
29, 1886, the gain in this interval being £5,238,128.
his name has latterly been retired and Mr. Huntington
Our foreign exchange market has again been unsettled reported as the successful negotiator. Of course Mr.
this week, rates having fallen one cent per pound sterling Huntington, after buying Baltimore & Ohio at 200,
since our last. The cause assigned for the decline is a would have millions enough left to force a new route
pressure of drafts drawn against securities bought on from Philadelphia to New Y ork, and so solve the
European account and by the offerings of loan bills made problem that the Baltimore manager has apparently
by bankers. The fact that after Tuesday’s steamer sailed got tired attempting alone. I f that was the plan, w e
there was no mail until to-day was assigned as a further do not wonder that Mr. Garrett is reported to have
reason for the extreme weakness in the tone on Wednes said o f the details of the new arrangement, that they
day. But since then there has been no material change. will “ probably take considerable time” to perfect. A
There is nothing apparently in the condition of our I still later announcement retires Mr. Huntington and puts
March
19, 1887.]
President Stayner and Vice-President Ives o f the Cincin
nati Hamilton & Dayton Railroad as the successful pur
chasers; and there seems for the moment to be good rea
son for believing that such is the fact. But if this proves
true, what becomes o f the New Y o rk terminus ? W e are
inform ed that Mr. Huntington has no interest in this
arrangement.
There is nothing new to be said about railroad earnings.
The tendency is still the same as heretofore, towards heav
ier totals, only as was to be expected the ratio of increase is
not so large as it was earlier in the year. F or the first
week of March our statement complete shows earnings of
$3,303,712 on 63 roads this year, against $3,057,483 on
the same roads last year, the increase being $246,229)
or about 8 p ercen t. F or the second week a preliminary
statement comprising 20 roads shows a gain of 13^ per cent.
In both periods we find roads that record a decrease, but
it does not appear that any special significance attaches to
this. The New Y ork Central return fo r the current
quarter was issued Tuesday, and was somewhat disap
pointing, recording as it did slightly lower net than in the
corresponding period o f 1886. But examination discloses
the fact that the decrease (it is less than $4,000 on a total
of
millions) is entirely the result o f a very heavy
increase in expenses. The gross earnings have gained
$727,000, which is certainly very satisfactory as indicat
ing that the road’s business is good. The augmentation
of $731,000 in the expense account it is difficult to under
stand. A n increase of 15£ per cent in a single year—
on weather, too, generally milder
than in the
previous year— cannot be explained on any other
theory than some special
cause
or circumstance
operating to swell expenses.
Perhaps, however, the
actual increase will prove to be much less. A nd bearing
on that point, it must not be forgotten that the present
figures are merely estimates, and were put forward much
earlier too than usual. A t least 16 days o f the quarter
had yet to elapse when the return was made up and the
results for these sixteen days o f necessity were based on
conjecture. In the matter o f expenses, indeed, it is doubt
ful whether the whole month of March did not have to be
estimated. Expenses are much more difficult to figure up
than earnings; bills come in more slowly, and it takes
longer to calculate the exact cost or outlay. U nder the
circumstances, therefore, since only an approximation could
be made, it would be natural to err on the side o f making
the expenses too large. A t all events, the present figures
are not final, though it is to be presumed that the com
pany would not report so heavy an increase without good
reason, and hence it is possible that there may have been
some exceptional items o f expense.
Trade matters are progressing quietly, undisturbed by
anything except the temporary uncertainty and vexations
occasioned by the Inter-State law. Some failures of course
are reported, and one or two recently have been of large
magnitude; but there always are and always will be incau
tious and weak traders, whose collapse is sure to occur as
soon as they become too venturesome or their borrowing
capacity is exhausted. Trade is, however, sound, though
profits are not generally large. Moreover, even the fail
ures are not so numerous as in corresponding periods of
other years, for the record shows that up to date the num
ber is about 200 smaller than in 1886 and about 800
smaller than in 1885. The defalcation and flight of W . E.
Lawton, who has done an extensive business in fertilizers,
does not appear to possess any special significance, since
the failure evidently owes its origin to circumstances out
side of the legitimate course o f trade, and not to any un-
identified. The banks hold some of his paper, but it is
believed to be secured.
The stock market has fallen into such a state of dull
ness that no ordinary event apparently is able to relieve it.
Everybody is waiting for a change, but the condition is
getting chronic. The great fear for a long time was the
possibility of gold exports; now exchange is so low as to
preclude the idea of gold shipments for the time being at
least, yet the market does not improve. Evidently there
are circumstances to account for the inactivity. The fear
of stringent money should speculation be increased, is a
potent cause for the disinclination to operate. The bank
reserves are low and the demand from the in
terior continues, while there is all the time a
fear that Government
operations
will
withdraw
larger amounts from the market. Until, therefore, the
return flow of currency begins there is always danger that
the rates of money may prove an obstacle to higher stock
values.
The Inter-State law is also having an effect in
checking operations, especially among investors, though
it is not commonly recognized as a factor in the situation.
As we have previously pointed out, the new law is not
likely to harm the railroads except so far as it demoral
izes trade and thus interferes with the exchange of com
modities, but the latter is precisely the uncertain element
in the calculation. The Baltimore & Ohio matter we have
discussed above.
"We do not see how its outcome can
affect the market much except it should prove that the
purchasers could furnish the desired outlet to New York,
in which case it would be an indication of peace and harmony with the interests now opposing the Baltimore &
Ohio, and this of course' would be a favoring factor of
large magnitude.
The following statement, made up from returns col
lected by us, shows the week’s receipts and shipments of
gold and currency by the New York banks.
Week ending March 18,1887.
Received by Shipped by
N. Y. Bank*. (V. Y. Banks.
Net Interior
Movement.
(810.OOC
«54,570,000
715,000
L oss.. «1,734,000
Loss..
715,000
1816.000
»3,285,000
Loss..«2,409,OOO
G old....^ ...............................................
Total gold and legal tenders......
The above shows the actual changes in the bank hold
ings of gold and currency caused b y this movement to and
from the interior. In addition to that movement the banks
have gained $800,000 through the operations of the
Sub-Treasury. A dding that item to the above, we have
the following, which should indicate the total loss to
the New Y o rk Clearing House banks of gold and cur
rency for the week covered by the bank statement to be
issued to-day. It is always to be remembered, however,
that the bank statement is a statement o f averages
fo r the week whereas the figures below should re
fleet the actual change in the condition of the banks
as between Friday o f last week and F riday o f this
week.
Week ending March 18,1887.
Into Banks. Out of Banks. Net Change in
Bank Holdings
Banks' Interior Movement, as above
Sub-Treasury operations.................
«816.000
8,700,000
«3,285,000
7,900,000
L oss.. «2,409,000
Gain.. 800,000
T otal gold and legal ten d ers....
«9.516,000
«11,185,000
Loss. .«1,009,000
The Bank o f England gained £439,000 bullion during
the week. A s stated above, this represents £159,000
drawn from abroad and £280,000 from the interior
of Great Britain. The Bank o f France lost 5,750,000
francs gold and gained 2,125,000 francs silver. The
following indicates the amount o f bullion in the prin
cipal European banks this week and at the correspond
soundness in the branch of business with which he was ing date last year.
355
TH E CH RO N ICLE.
T H E CH R O N IC LE .
356
Mar. 17, 1887.
Gold.
Silver.
(y o u
X L lv .
in 1881, during the first quarter, the exports were over
73 millions more than the imports, and in fact continued
Silver.
largely in excess o f the imports the next three months
£
also. Thus those years in no manner explain the present
43.904 099 situation, nor can we find any year in our record with
16,567,970
exchange high in January and February and a material
60,472,069
decline in the month o f March, except when the trade
Mar. 18. 1886.
Gold.
&
£
£
22,455,091
Bank o f England . . / - . . . . 24,058,217
Bank o f France . . .
. . . . 48,202,228 45,983.600 50,053,466
Bank o f G erm any............ 19,881,360 17,630,640 18.683,030
92.141.805 63.614,240 91,191,587
Total previous week . . . . 91,931,903163,529,383 90,298,178 60,181,362
movement clearly justified it.
The Assay Office paid $402,467 for domestic bullion
W hat further makes the present changes noteworthy is the
through the Sub-Treasury during the week, and the A s sharp contrast with the movements during the same months
sistant Treasurer received the following from the Custom o f last year, for it is with the previous year that every one
House.
usually makes comparison. F or instance, in the first quarter
o f 1886 we exported over 18 million dollars o f gold and
Consisting of—
over 14£ millions n e t ; and in the second quarter the net
Duties.
Date.
Silver OerGold
T 8.
t.
Gold.
gold exports were 1 9 f millions. But a feature o f even
Certifies.
tiflcates.
Notes.
$37,000 greater significance in last year’s trade figures was that
8156,000
841,000
83,000
8238,206 85
Mar. 11.
55,000
121,000
52,000
5,000
“ 12.
233,598 36
although our net merchandise balance in the closing six
68,000
518,000
66,000
7,000
« 14.
660,229 10
months was only $50,953,000 (or including silver $55 62,000
769,000
94,000
3,500
929,804 94
“ 15.
75,000 563,000), and for the whole year, including silver, only
262,000
70,000
4,000
411,738 63
« 16
51,000
212,000
59,000
4,500
326,851 01
M 17.
$60,193,000, yet in the last six months of that year we
$348,000
827,000 $332,000 $2,033,000
82.800,428 89
Total
imported $34,775,000 net gold, and for the whole year
Included in the above payments were $7,000 in silver the gold movement netted the United States $426,000.
coin, chiefly standard dollars.
W e must remember that heretofore it has been cus
tomary to allow about 10 millions a month (in addition
FOREIGN EXCHANGE MARKET AND THE to the declared value o f imports) as our current liability
UNDER VAL UA TION OF IMP OR TS.
to foreign countries for interest due, for undervalu
The drop in foreign exchange which has occurred this ation o f imports, for freights, &c. ; that is to say
week, coming as it does at a period when our trade experience has shown that we owe the outside world
balance falls short of liquidating our ordinary foreign every year not only for our imports but about 120
indebtedness, and after the bulk o f our exports have gone millions or more a year additional. Thus the net m er
forward, and also on top o f a previous decline in rates from chandise movement in 1884 was $120,105,000 in our
the point at which specie had begun to be exported, has favor (or including silver $134,165,000), yet we exported
A gain in
attracted special attention.
To some this up and $12,991,000 net o f gold in that year.
down movement, contrary to the trade requirements, 1885 our net merchandise balance was $100,381,000 (or
looks as if the
m ariet were guided by caprice including silver $115,889,000), yet we imported only
rather than subject to legitimate influences.
In Jan $12,228,000 net gold that year ; in 1885 also we exported
uary, when the surplus exports reached 19£ million (sold to Europe) an unusually large amount of securi
dollars, foreign exchange rose rapidly. In fact it began ties as the result of the W est Shore settlement and the
But in 1886, as already
to rise even in December, and on the 11th of January speculation which followed.
stated, we have this rsmarkable contrast, that the net
sight sterling had reached 4 87, on the 24th it was quoted
at 4-88£, and on the last day of January it touched 4-89. merchandise balance (including silver as merchandise) was
A t that point it remained all the month of February, only $60,193,000 (instead of 134 millions in 1884 and lift
except from the 14th to the 23d, when it was 4-89£; but millions in 1885), and yet the gold movements during the
as soon as March set in a further decline began, and this year netted a balance in favor of the United States of
week the nominal rate for short has touohed 4-87, and $426,000 ; whereas on the basis o f the trade o f 1884 and
actual business has been done as low as 4-86£. In other 1885 we ought to have exported net gold to the amount
words, in January, when the foreign trade balance w a g of about 50 or 60 millions simply to have settled our
apparently ample for specie imports, the exchange rate
ruled at about the gold export point, while in March
when the trade balance puts us in debt to the out
side world, the rates have declined so materially that the
inquiry has been suggested whether the present decline wil
not reach the point at which we shall import gold again.
Such fluctuations as these are not b y any means usualThe ordinary course is fo r exchange to begin to rise in
January and to begin to fall again in J une, with more or
less export of gold in the interim. A nd yet that course
is not the invariable movement. A break in March is not
without precedent. There was one in 1883, when the
sight rate went down to 4-83£, after having been up in
January and February to 4-87 a part o f each month
There was another break in Match 1881 to 4-82^, after
the sight rate had ruled during a part o f February at
4-87. But the merchandise movement in each of those
years was very different from what it now is. In 1883
there was a net favorable trade balance of 5 Of millions in
the first three months o f the year (after a balance o f about
70 millions the last three months of the preceding year)
and something of a balance even in A pril and May | while
ordinary debts.
Of course in international trade we cannot cut a year’s
accounts square off with December and assert that every
thing was settled on the first of January. That is evident
and yet in this case, however the years may be divided or
whatever allowances may be made for unsettled balances at
any given period, we find no way o f avoiding the conclu
sion, that some new item in our favor enters into the cal
culation and must be allowed for, which was not present
in 1884 and 1885. Probably it will at once be said that
this difference between 1886 and the two previous years,,
and between the first quarter o f 1887 and the first quarter
o f 1886, arises out of, or measures the amount o f money
due us fo r securities sold the la3t ten months to Europe,.
W e have undoubtedly sold Europe a great many bonds
and stocks during the period mentioned ; and we cannot
forget also that we are always finding a market for m ore
or less o f our securities in Europe, and further that we
found a very eager market for a very large amount of
such securities in 1885. Hence the question arises, is it
probable that we sent foreign countries 50 millions more o*
such obligations in 1886 than we sent in 1885 ? F or with*
M a e en
19, 1887.]
THE
CHRONICLE.
oat that is admitted we must find some other means
for reconciling the trade figures given above.
One
suggestion occurs to us which may have value in deter,
mining the proper explanation. Secretary Manning has
been laboring very zealously for two years to do away
with fraudulent undervaluations in imports.
Is it
not possible that his efforts have succeeded in making
invoices correspond more nearly than heretofore with the
true valuations and that to this fact is in part due the appa
rent contradiction between the trade accounts o f the last
fifteen months when compared with previous years ?
This latter suggestion finds apparent support in
the present situation o f exchange.
A s evidence, test
that situation by the conditions and requirements of
our foreign trade since the new year came in.
In
this manner it will be seen that the trade results are
adverse to and not at all in accord with existing conditions
of the exchange market. To be sure there was in Janu
ary a sufficient balance (nineteen and one-half millions)
to have brought gold here. But in Fabruary the balance
must have been very small and in March it will be smaller
still (not unlikely one or two millions against us), bringing,
for the three months ending A pril 1st, the United States
in debt to the outside world (if we add the ordinary 10
millions a month as already explained) in the amount o f
ten to fifteen million dollars. The rapid advance in
exchange notwithstanding the favorable balance in Jan
uary was a special movement and in the main due
to a speculation in long sterling, the rise being
aided later by the German elections and war rumors
causing a semi panic at European financial centre*
and the sale here o f quite an amount o f American
securities on European account. Of course to make up a
true statement of accounts these securities sold should
also be added to the adverse balance ; and besides
that, we must take into the calculation the natural effect
which the prospective adverse condition o f trade during
the coming three or four months ought to have on
rates, if we would see how out o f keeping with
the ordinary influences the state of the exchange market is
to-day. It is no explanation to point to the purchase
of securities this week on European account. "What is
being purchased now does not nearly balance, if we may
trust current reports, what has been sold previously this
year. So we are brought back to the question, whether
this condition of things cannot be in part explained on
the supposition that the undervaluation o f imports is less
now than a year or more ago ?
THE CLEVELAND COLUMBUS CINCINNATI <
fk
INDIANAPOLIS.
In the report o f the Cleveland Columbus Cincinnati &
Indianapolis we have the material fo r a very interesting
study, not only of the -road’s operations, but of the gene
ral course of trunk-line traffic and rates. The report is
even more complete in its traffic statistics than usual, and
contains no less than eighty-three pages o f matter, against
about sixty-three or sixty-four pages in other years. The
statistics are arranged and selected, too, with excellent
judgment, so that the information furnished is all useful
and easily found.
The special feature of the Columbus & Indianapolis road,
and which invests its doings with particular importance,
is the extent to which it is dependent upon the course
and conditions affecting through traffic. This makes it
very sensitive to changes in through rates and to the influ
ences governing that kind o f traffic. It has experienced a
number of ups and downs arising solely out o f that circum
stance. F or instance, during 1886 the trunk lines were
357
at peace, and rates maintained, and in 1885 the opposite
state o f things existed; with such a change, we should
naturally expect a decided improvement in results, and
this is precisely what we find.
The contrast between the two periods is certainly very
marked. On the Cleveland & Columbus proper, against
net o f $975,878 in 1885 the net in 1886 reached $1,601,209, the gainjbeing $625,331, or 64 per cent. But there
are two other roads that form part o f the system, the Cin
cinnati & Springfield and the Indianapolis & St. Louis.
On the former the net has risen from $19.3,562 to $321,861, and on the latter from $312,730 to $510,076. T ak
ing the system as a whole, then, the net earnings have
increased from $1,482,170 to $2,433,146, the gain being
not far from a million dollars, or nearly 65 per cent. One
effect of this increased net is that the loss in operating the
Cincinnati & Springfield and the Indianapolis & St. Louis
has been greatly reduced, so that these roads have
proved much
less o f
a burden than in other
years.
Of
course
both
roads
are essential to
the
system,
the
one
furnishing
an
outlet to
Cincinnati and the other to St. Louis, but nevertheless
it is gratifying that on their own earnings they are doing
so much better. On the Cincinnati k Springfield the de
ficit is the smallest for years, reaching only $85,149,
against $183,827 in 1885, and on the Indianapolis & St.
Louis against a loss o f $620,830 in 1885 and as much as
a million dollars in some other years, the deficit in 1886
was only $435,581— the cost o f the additions to property
being included in all the years. Even on the Cleveland
road itself, after allowing for renewal expenditures, the
result in 1885 had been a small deficit ($59,169), which
has now for 1886 been turned into a surplus of $591,395.
The result on the system entire is that we have in 1886 a
surplus o f $70,665, while in 1885 there was a deficit o f
$863,825, the relative gain thus being $934,490. In
both years the showing would have been more favorable,
except that over $300,000 was in each case included fo r
expenditures for better ments.
Leaving out those ex
penditures, the surplus for 1886 would stand at $385,245;
against the $70,665 given.
But is the improvement entirely owing to the better
rates obtained? No, there was a coincident reduction in
expenses. W h ile gross earnings (system entire) were in
creased from $6,411,445 to $7,190,936, expenses were
actually reduced from $4,929,274 to $4,757,789. This
made the ratio o f expenses to earnings only 66-16 per
cent, while in 1885 it had been 76-88 per cent. It might
be supposed that the reduction in expenses was the result
o f a diminished amount o f work done— that is, a smaller
volume o f traffic. But an examination of the statistics
hardly bears out this view. In the first place, taking the
Cleveland & Columbus proper, the freight tonnage mileage
o f 1886 was but slightly below that o f 1885, while the
passenger mileage was greater. Moreover, on this division
o f the system the ratio o f expenses decreased from 73-41
per cent to 61-73 per cent, and the report informs us that
the latter is the lowest percentage made since the organiz
ation in 1868. It follows, therefore, that greater economy
in operation has been practiced. It is well to bear thia
circumstance in mind, for otherwise it would be difficult
to understand how the road, after touching in 1885 the
lowest net earnings reached in any year since 1878, could
at one bound touch figures nearly as high as those o f the
very best years, even though it be remembered that im
proved rates were received. W e may illustrate our re
mark better by saying that on the Cleveland & Columbus
proper (the only division on which we can make com
parisons for a series o f years) the net in 1886 amounted to
T H E CH RONICLE.
358
[V o l . x t ,t v .
$1,337,582, while in the best three previous years, 1880, accounting for the gains in the gross results, but it is o f
1881 and 1882, the total was not much greater, reaching much more importance in the case o f the net, as many
companies last year not only suffered a reduction o f their
in no case $1,400,000.
There is this peculiarity, however, about the saving in I gross earnings because o f the weather, but added to their
expenses— it is confined to the freight operations. Of expenses in removing snow and ice and keeping the
course greater progress has been made in reducing the tracks clear. Thus a twofold loss occurred ; hence it is
cost o f m oving freight than in m oving passengers, and in not surprising that on such roads the gains this year should
the nature o f things this must, always be the case. Y e t be large. In the following table we furnish a summary
it is instructive to note that while the tendency o f pas of the aggregate results on fifty-one roads.
senger expenses has been towards higher figures, the
Month of January.
Increase.
(51 roads )
freight expenses have been almost uniformly declining
Amount.
Per cent.
1886.
1887.
and this irrespective of the fluctuations in the volume of
21-11
$4,212,497
$19,950,926
Gross earnings..................... $24,163,423
traffic. Here is a statement, taken from the report, giving Operating expenses........... 16,949,926
1,679,960
11-00
15,269,936
54-10
$2,582.507
$4,680,990
the expenses and earnings on freight and passengers
$7,213,497
Net earnings.................
separately, the Cleveland & Columbus being one o f th®
The increase in the gross earnings thus reaches $4,212,very few roads that furnish such inform ation.
497, or 21 per cent.
These are not the same roads
embraced in our exhibit o f gross earnings published F eb
Total.
Passenger.
Freight.
ruary 12, many large systems like the Pennsylvania, the
Net
Gross
Net
Gross Operat'g
Net
Tear. Earn’gs. Expen'». Earng’s. Earn’gs. Expen's. Earn'gs. Earn'gs. Earn gs. Reading, the Union Pacific and the Burlington & Quincy
$
$
$
$
8
$
$
$
400,572 3,284,935 514,591 being included in the present statement, which never fu r
1877... 2,453,804 2,339,785 114,019 831,131 430,559
3,426,017 745,203 nish estimates for our earlier report., while on the other
1878... 2,601,884 2,265,176 336,208 824,633 415,638 408,995
3,675,056 982,749
1879... 2,796,405 2,305,723 490,682 878,651 886,584 492,067
494,243 515,656 4,388,108 1,861.482 hand the gross statement comprises many roads which d o
1880... 3.328,209 2,482,388 845,826 1,009,899
4,290,350 1,823,181
1881... 3,225,350 2,457,641 767,715 1 064,994 509,528 555,466
Y e t notwithstanding
4,838,475 1,374,696 not furnish any returns o f the net.
1882... 8,159,417 2,296,234 863,183 1,179,058 667,545 511,518
4,213,106 1,194,724 this difference, it is a striking and noteworthy circum
1888... 8,063,717 2,226,241 842,476 1,144,389 792,141 852,218
3,600,346 843,597
1884... 2,518,873 2,052,909 465,961 1,081,473 703.840 377,633
762,847 stance that the ratio of gain is almost exactly the same
1885... 2.471,863 1,995,696 476,167 984,544 697,864 286.680 3,456,407
3,920,490 1,337,582
1886... 2,877,157 1,881,836 995.821 11,043,334 701,573 341,761
in the one case as in the other, namely, a little over 20
This shows that the net earnings from freight in 1886 j per cent. The significance of this similarity o f course is
were larger than ever before, notwithstanding that the that it shows that both statements are sufficiently represen
gross earnings were over $451,000 below the best pre* tative to indicate clearly the course of earnings as a whole.
vious total.
The explanation is found simply in the
But, as stated, it is as regards the net earnings that the
redu ction in expenses. It will be noted that these latter improvement is most manifest.
Tne gain o f $4,212,497
have been declining steadily, year by year, since 1880» in the gross was offset to the extent of only $1,679,990
standing in 1886 at only $1,881,336, against $2,482,383 by an increase in expenses, and the result is that while
in the year mentioned— a reduction o f over $600,000- the net on the fifty.one roads last year was only $4,680,F rom the follow ing table o f the freight traffic m ove 990, this year it is $7,213,497, the increase amounting to
ments it appears, too, that the tonnage mileage in 1886 $2,532,507.
A n improvement o f over 2£ millions on a
was actually greater than in 1880, being 423,545,587 tons total of less than 4 f millions is of course a large gain,
one mile, against 420,482,919 tons.
the ratio of increase being 54 per cent.
The extent to
which the result was influenced by the weather may be
Revenue p. ton p. mile.
Tons Moved One Mile.
seen from the following statement, showing that the ratio
From
From,
Tear. Through.
Ihr’gh. Local. AU. Through Local
Total.
Local.
of gain is largest mainly in those sections where we know
Freight
Freight.
the obstructions by snow and ice to have been greatest
t
$
Cents. Cents. Cents.
•890 1,554,844 898,959 last year, but this same statement also proves that it is
217,250,015 58,436,285 275,686,300 •716 1-538
1877..
•752 1,694,033 907,350
1878.. 276,211,835 69,633,538 345,845,373 •613 1-803
•697 1,807,594 988,810 not the weather alone that accounts for the improvement.
•565 1-215
1879.. 319,739,841 81,868,629 401,107,970
1880.. 312,245,4G0 108,237,519 420,482,619
1881.. 371,863,4 0 108,860,280 480,723,710
1882.. 359,522,229 87,889,255 447,411,484
1883.. 818,888,437 95,102,913 408,436,350
1884.. 310,093,882 87,584,396 397,678,278
1885.. 344,364,057 84,827,824 428,691,881
1886 . 321,041,555 102,504,032 423.545.587
•681
•532
•591
•652
•525
•463
•561
1110
1-146
1-176
1079
1018
1039
1049
•792
•671
•706
•751
•633
•577
•679
2,128,785 1,201,423
1,977,874 1,247,481
2,126,222 1,033,193
2,043,025 1,025,691
1,627,028 891,844
1,595,907 875,955
1,801,710 1,075,447
the
reduced cost of operating is to state that while in 1877
the moving of 275 million tons of freight one mile occa
sioned an expense o f $2^339,785, in 1886 423 million tons
(over half as much more) were moved at an expense o
only $1,881,336, or $458,000 less.
JANUARY N ET EARNINOS.
V e ry convincing proof that net earnings for January
are very favorable is found in the fact that out of
fift y-one roads that have in one form or another fur
nished figures for this period, only eight fail to record better
results than in the same m o
evious year. It is
not, however, for the widespread nature of the im prove
ment that the exhibit is chiefly distinguished ; a much
more significant feature is the ratio and extent of the gain.
Our readers are aware that there is in many cases an
exceptional reason fc r the heavy gains, the difference in
the weather conditions in the two years being largely the
cause o f the change
W e alluded to this difference in
Net Earnings.
Gross Earnings.
January.
1887.
1886.
1887.
1886.
1 Inc. or Dec.
P.O
$
+368,344 24
+50,321 44
4636,402 163
+146,748 124
+396,864 39
+302,127 38
+5,638 66
+537,312 121
—13,794 10
+104,545 96
$
6,644,740
421,037
1,665,854
524,846
4,640,000
2,552,275
24,484
2,618,661
542,154
816,875
$
1,909,458
174,887
1,029,999
265,080
1,400,242
1,105,614
14,206
979,659
120,462
213,890
*
1,543,114
124,566
393,597
118,832
1,003,378
803,487
8,568
442,347
134,256
109,345
Total, 51 roads 24,163,423 19,950,926
7,213,497
4,680,990 +2,532,507
Trunk lines....... (6)
Middle Western (5)
Northwestern.. (5)
W ’st o f Miss’uri(3)
Pacific Syst’m s (ll)
Southern r’d s..(ll)
Texas road...... (1)
Coal companies (3)
Eastern co’s....(5 )
Mexican ro a d ..(l)
$
7,395.145
528,545
2,425,223
710,953
5,754,735
3,163,132
37,619
8,123,516
602,733
421,820
54
Note .—Under the head o f “ Trunk Lines” are included the Ene_, the Ohio &
llss., the Penn, and the Grand Tr. o f Can., Chic. & Gd. Tk. and Get, G. H. &
t : “ Middle W estern” includes Cin. Ind. St. L. & C., rand Rap. & Iud., Tol.
. Ohio Cent., Cairo Vin. & C. and Cleveland & Canton; Northwestern inludes Burl. & Quincy, Burl. C. R. & No.. Minn. & St. Louis, Minn. & Northw.
nd Des Moines & H't. D odge; “ W est o f Missouri” includes Denver & R io Gr.,
ienv. & Rio Gr. West, and St. Joseph & Gr. Island; “ Pacific systems include the
ix Southern Pacific roads and the Union Pacific, Northern Pac., Can. Pac., Oreon Ry. & Nav. Co., and Calif. South; “ Southern roads” includeL ouis. & Nash.,
hes. & Ohio, Ches. O. & S. W ., Eliz. Lex. & B. S., East Term. Va. & Ga., Nash.
i & St. Louis, Norfolk & Western, Louisv. N. O. & Tex., Mem. & Charleston,
hen. Valley and Cape Fear & Yadkin; “ Texas roads” are represented bv the
‘t W orth & Denv. City; “ Coal Companies” include Phila. & Reading KB.,
•"& R Coal & Iron Co. and Northern Central; “ Eastern Companies include
r Y. & New England. Balt. & Potomac, N. Y. Ont. & Western, W est Jersey and
"
Camden & Atlantic; “ Mexican roads” are represented by the Mexican Central.
rPhna tVia fitro NTnrtliwAstfirn marls, against net of Onlv
$393,597 in January, 1886, have a total this year of
$1,029,999, the increase reaching $636,402, or over 160
per cent.
The increase in the gross of the same roads
was $759,369, so that the expenses were added to but
slightly.
The five roads comprised in these figures are
the Burlington & Quincy, the Burlington Cedar Rapids &
March
T H E C H R O N IC LE
19, 1887, J
Northern, the Minneapolis & St. Louis, the Minnesota
& Northwestern, and the Des Moines & F ort Dodge,
every one of which is situated in the section where the
snow and ice last year was most troublesome. O f course,
they all have gains, but lest it be supposed that the im
provement is entirely attributable to the weather, we will
say that o f the three roads for which we have compari
sons back to 1885, two have larger net not only than in
1886, but also than the year before. Moreover, in the
case o f the Burlington & Quincy, we showed last week
that the net for the current year was larger than in Jan
uary o f any other year. The Pacific systems, however
have not done so well, and while the gain on last year
is very large, only the Oregon Navigation has a total as
heavy as in 1885.
In the case of some o f the other groups o f roads we
also have evidence that the weather is not the on ly cir
cumstance accounting for the better results. The increase
of nearly a hundred per cent in the net earnings o f the
Mexican Central is certainly not owing to the weather.
Nor is the increase o f 124 per cent on the roads west of
the Missouri. The latter include the Rio Grande W e s t
ern, the St. Joseph & Grand Island, and the Denver &
Rio Grande, and while the gain on the Grand Island may
have followed from the better weather, the increase of
140 per cent on the Denver & Rio Grande must be ascribed
to a different cause, namely the increased mining and in
dustrial activity in Colorado. So too the better result
on the coal roads is due to the improvement in the coal
trade and also in part to the increased economies practiced
by the Philadelphia & Reading.
GROSS AND NET EARNINGS FOR MONTH OF JANUARY.
Gross Earnings.
January.
1887.
Baltimore & P oto.................
Burl. Ced. R. & N o..............
Cairo Vincennes & C............
California Southern______
Cam. & Atl., and Branches
Canadian P acific.................
Cp. Pear < Yad. V al............
fe
Chesapeake & O h io ............
EUz. L ex & B . S ..............
Clies. 0 . & S. W ......................
Chicago Burl. A Q...............
Cin. Ind. St. L. & C..............
Clevel’d < C anton..............
fe
Denver & Rio G r.................
Denver & Rio Gr.W .............
Des Moines & F t.D ..............
East Tenn. Va. & Ga............
Ft. W’th & Den. Citv...........
Grand Rapids & Ind............
Gr. Trunk o f C anada..........
Chic. Trunk............
& Gr.
Det. Gr. H . < Mil..............
te
Louisville & N ashv..............
Louisv. N. O. & T e x ............
Memphis & Chari.................
»Mexican Central................
Minn. & 8t. L ouis...............
Minn. & N orthw estern___
Nash. Chat. & St. L ..............
N. Y . L. E. & W ...................
N. Y. Ont. & W est...............
Norfolk & W estern.............
Northern Central................
Northern Paciflo.................
Ohio < M ississippi..............
fe
Oreg. R ’y & Nav. C o............
Pennsylvania (all lines east
of Pittsb. & E rie).............
Fhiladelp’a & E r ie ..............
Phila. & R eading..............
P. & R. Coal & I r o n ............
St. Jo. & Gd. Isl’d ...............
Shenendoah V a lle y ............
So. Pacific Co.—
Gal. H . & S. A .......... .
Louisiana W estern.........
M organ’s La. & T e x .........
N. Y. Tex. si M e x .............
Texas & New Orleans ...
Total Atlantic system ...
Total Pacific system___
Total a l l ........................ .
Tol. & Ohio Central............
Union P acific........................
West Jersey, & B ranches..
1886.
Net Earnings.
1887.
1886.
$
9
$
9
30,981
38,026
107,127 101,091
55,096
220,208 177,563
18,426
10,376
57,721
35,476
4,501
61,587 def. 16,508
124,395
26,66 >
def. 8,452 def. 2,530
29,843
25,658
21,503
46,381
643,493 500.358
10,314
20,713
17,922
9,769
15,348
109,446
65,076
316,592 261,169
61,676
76,651
22,927
59,278
14,308
52,583
145,600 117,265
31,081
920,242
1,985,385 1,380,963
396,564
87,801
78,393
216,168 195,995
3,98.i
20,830
853
27,465
211,749
88,541
545,650 404,903
16,645
22,593
71,559
66,584
3,947 def.
27,123
19,394
642
103,944
422,487 324,031
201,748
14,206
24,484
8,568
37,619
38,375
31,559
141.235 116,734
£
£
£
£
41,174
40,590
243,227 226,572
9,712
48,629
38,996
1,167
17,916
1,738
3,926
16,761
9
9
9
9
440,942
1,228,093 1,050,686
372,508
218,063 159,748
84,367
36,276
24,570
156,246 115,167
31,352
213,890
421,820 316,875
109,345
117,845
23,915 def. 16,105
73,695
26,799 def. 4,646
14,239
74,662
104,967
72,752
242,094 185,519
346.183
1,705,070 1,531,604
302,308
83,672
69,067
293,771 266,934.
4,843 def. 4,039
90,165
79,978
102,185
279,305 218,907
77,667
230,224
144,289
514,947 400,123
30,052
571,421 480,330
40,721
85,804
60,850
295,219 274,180
49,022
4,973
274,259 234,618
3,851,771 3,421,536
260,052 218,830
1,570,821 1,304,178
1,037,750 914,360
93,744
53,359
42,583
57,28s
1,214,351
951,541
102,143
67,137
725,708
447,458
23,727 df. 149,400
36,686
7,196
def. 4,065 def. 7,846
221,39? 199,347
51,321
58,539
368,274 389,877
12,459
11,730
81,534
82,703
742,198 734,978
1,661,616 1,273,442
2,403,814 2,008,420
85,956
52,002
1,737,353 1,389,610
68,494
76.828
5,411
29,508
25,227
26,600
95,514
126,402
def. 2,966 def. 1,028
38,395
32,623
157,182
218,503
488,664
640,159
797,341
707,167
34,35v
9,260
231,313
430,068
24 024
19,128
* M ex ica n cu rren cy .
1 Not ineludiug Central o f New Jersey in either year.
T
Southern roads are this time less conspicuous, because
of the exceptional increases in other groups; yet consider
359
ing that the weather influenced the result only in minor
degree in that section, the gain o f 38 per cent is very
gratifying indeed. Moreover, only one o f the eleven roads
embraced under this head has smaller net than in 1886, while
the increase on some o f them is very heavy. The trunk
lines, though the ratio o f gain is not so large as on some o f
the others, is t]ae heaviest group in the list. The gain o f 24
per cent must be considered very satisfactory, and the same
is true o f the 44 per cent increase on the Middle W estern
lines, though these latter comprise merely minor roads.
The only group that shows a falling off
in
the net (there is none
that shows a falling
off in
the gross) is that composed
of
the
Eastern companies, and there the decrease is due to
the poorer result on the New Y o rk & New Eogland and
the Camden & Atlantic, both caused by higher expenses.
Altogether it may be said, then, that while the weather
has contributed to make the January increase exception
ally heavy, a good part o f the gain has followed from the
improvement in business and in general and special indus
tries, and also from the harmonious relations between the
different roads.
RAILROAD EARN IK OS.
For the first week of March the gain in gross earnings on
the sixty-three roads that have reported for that period
reaches $246,229, or about 8 per cent.
1st week o f March.
Prev’ly rep’ted (21 roads)
Buf. Rooh. & Pittsburg...
Burlington C. R. & N o...
Chicago & East. Illinois.
Chicago & West M ic h ___
Cin. ,Ind. St. L. & 0 ..........
Cin. N. O. < Texas P a o ...
fe
New Orleans & N. E . . . .
Vicksburg & M eridian..
Vicksburg Shrev. & Pao.
Cincinnati Rich. & Ft. W.
Cincinnati Wash. & Balt.
Cleveland Akron & C ol..
Des Moines & Fr. Dodge.
Detroit Mack. & M ar(p ..
Evansville & India’polis.
Evansville & Terre H —
Flint & Pere M arquette..
Ft. Worth & Denv. C ity..
Grand Trunk of Canada..
Houston & Texas C ent...
Indiana Bloom. & W est..
Kansas City Fort S. & G.
Kansas City Spr. & Mem.
Kansas C. Clin. & Spr—
Louisville & N ash ville...
Louisville N. Alb. & Chic.
Marquette Hough. & On.
Memphis & Charleston ..
Minnesota & Northwest.
St. Louis Alton < T. H. ...
&
St. Louis Ark. & Texas ..
Wabash St. L. & P acific..
Wheeling & Lake E rie—
Minn. St. Croix & W is..
Wisconsin & Minnesota
Total (63 roads).........
Net increase (8 ’05 p .ct.).
1987.
1886.
Increase.
*
$
1,515,210 1,405,473
27,368
30,680
55,832
60,369
38,764
43,599
28,192
25,714
48,634
50,7 f 0
63,808
57,860
22,860
25,373
10,506
10,955
8,499
9,374
6,391
8,664
6,902
6,843
42,220
44,370
9,457
10,098
6,100
5,951
7,915
6,730
3,090
4,390
83,106
89,009
3,134
5,413
14,786
16,294
40,526
48,006
14,002
5,785
38,173
35,718
291,317
308,482
42,920
41,559
56,420
54,938
46,225
42,791
33,158
34,286
3,578
5,548
27,799
31,626
272,320
300,290
30,759
39.481
7,084
7,373
32,492
32,189
5,412
15,897
34,212
26,437
14,721
14,690
32,400
27,718
127,226
118,910
11,707
11,765
25,635
32,713
3,327
6,309
2,762
13,790
9
155,668
3,312
4,537
4,835
3,057,483
............
314,358
246,229
3,303,712
............
........
4,052
2,513
449
875
2,273
**2,150
641
1,300
5,903
2,279
1,508
7,480
8,217
2,455
17,165
........
............
3,434
1,128
1,970
3,827
27,970
8,722
289
7 0.485
7,775
........
58
7,078
2,98 4
11,028
Decrease.
9
45,931
............
2,478
2,146
59
149
1,185
........
1,361
1,483
........
........
303
31
4,682
8,316
.............
68,129
.............
For the second week of the month the increase is much
greater than for the first week, so that twenty roads (all that
have yet come in) have a gain of $186,547, or over
per
cent.
2d week o f March.
Buffalo N. Y. & Phila . . . .
Buffalo Roch. & P ittsb...
Chicago & Atlantic..........
Chic. Mil. & St. P a u l.......
Cincinnati Ham. & D a y ..
Denver & R io Grande___
Det. Lansing & Northern.
Milwaukee L. S. & W est-.
Milwaukee & Northern ..
N. Y. Ont. & W estern. . . .
Peoria Dec. & Evansville
St. Jos. & Grand Islan d..
St. Louis & San. F r a n ...,
St. Paul & D uluth............
Toledo & Ohio C entral. . .
Total (20 roads)..........
Net increase (13’60 p. ct.)
1887.
1886.
9
45,500
36,582
12,126
127,000
44325
440,000
62,299
135,000
21,418
48,662
93,500
50,019
19,281
23,269
194,645
18,431
30,700
122,000
20,719
13,033
9
45,600
27,368
10,736
125',000
29,451
436,917
54,080
110,486
22,396
49,053
78,117
31,240
13,183
22,361
166,488
13,406
25,193
79,688
18,306
12,893
1,558,509
1,371,962
............
Increase.
Decrease.
9
9
9,214
1,390
2,000
14,874
3,083
8,219
24,514
........
15.383
18,779
6,098
908
28,157
5,025
5,507
42,312
2,413
140
188,016
186,547
.10 0
............
........
978
391
........
............
........
- ....... rs
1,469
......... -
T H E CH RO N ICLE.
fJKtfttjetaicgg(&ommzvtixl
llsh 3^eru5
fFrom our own correspondent.]
L o n d o n , Saturday, March 5, 1887.
Elements of uncertainty in the political position still remain,
the pacific speech o f the German Emperor notwithstanding.
The incipient outbreak at Silestria shows that the forces at
work are by no means dormant, although perhaps not so pow
erful as those who employ them could wish. It certainly is
singular, and speaks well for the tact and diplomacy of the
Bulgarian rulers, that these oft-repeated provocations have not
culminated in a crisis which might, and most probably would,
involve Europe in a general war. Throughout, they have
maintained an attitude o f calmness and resolute firmness
worthy of imitation, with the result that the excuse for actual
military interference on the part of Russia in the affairs of
the Principality is still wanting. How long the present tension
is to be maintained is purely a matter for speculative conject
ure, but it is very clear that European trade cannot sustain
indefinitely the crushing weight of the existing enormous
armaments.
Commercially nothing has transpired during the week likely
to influence the future of trade. There has been less anima
tion, accompanied by occasional exhibitions of weakness in
some of the hardware centres, but cotton and wool have
remained steady, with quite an average amount of business
doing. The comparative elasticity recently shown in the rail
way traffic statements has not bsen observed in this week’s
returns, but at the same time we have no reason to anticipate
any retrograde movement in trade. The position is sound
enough, but there must naturally be caution in all business
operations so long as the question of peace or war hangs in the
balance. It is early in the season yet to talk about crop pros
pects, but up to the present the outlook has been encouraging.
W e have experienced very seasonable weather. The seed time
has throughout been auspicious; and whilst the autumn-sown
grain mostly looks healthy, its too rapid development has
been kept in cheok and effectually' regulated by the low tem
perature. An absence of vegetation in a state of rank luxu
riance, courting depreciation or destruction from sharp fro3ts>
is a feature, and a hopeful one, of the present season; and it
induces the agricultural community to look forward with con
fidence to ultimate results. A good harvest here is, however, a
qualified blessing for farmers, unless, which is very improba
ble, it be coincident with deficiencies in yield in all the chief
grain-growing centres abroad. An expansion of yield with
out any corresponding increase in consumption can only
mean a reduction of values, which, whilst benefiting the
country generally from the institution of a cheap loaf, falls
rather hardly upon that section employed in cultivating the
soil. But looking at the matter from its broad aspect, a good
harvest cannot be otherwise than benefioial in its influence
upon trade as a whole, and a consensus o f favorable reports is
therefore received with satisfaction. If its volume be not
large, there is no reason to doubt the soundness of home trade.
W e hear nothing of financial troubles in influential quarters.
Possibly this may be the outcome o f restricted speculation, but
it proves that profits though small have been fairly earned.
The movements in the value of money have been rather
uncertain. The earlier days of the week saw a scarcity of
capital and a fair demand, the result being the discount estab
lishments advanced their rates of allowance one-half per
ce n t; but since then the demand has slackened, balances have
increased, and the market has become easier. W e are still
receiving gold, though not in large parcels, from the Conti
nent ; and in the absence o f any export inquiry these receipts
find their way into the Bank. Some important changes are
noticed in the Bank return. It is clear that there has been
more business doing in money during the week. The demand
for loans has increased the total of other securities by £2,223,692, but of this £1,162,722 has been returned in the shape of
other deposits, whilst the increase of £971,298 in public depos
its about accounts for the balance. In bullion there is an
increase of £204,374, of which £123,000 came from abroad,
and there is a loss in the reserve of £280,936, the proportion to
liabilities reaching from 50*15 per cent to 46 *08 per cent. The
position of the Bank is stronger now than it was a year ago,
when the rate was 2 per c e n t; and although the Bank direct
ors have so far refrained from making any change in the rate,
they will hardly be able to continue their present policy for
any length o f time. The commencement of next month will
[V ol. XLIV.
witness the distribution of the dividends, and large balances
will then be available, which will have the effect of reducing
prices.
The Bank of England has received tenders for £2,486,000
Treasury Bills. The amounts allotted were : In bills at three
months, £1,860,000, and six months, £626,000. Tenders for
bills at three months at £99 4s. 6d. receive in full, and the bills
at 6 months at £98 10s. 5d.'about 80 per cent; above in full.
The average rate for the three months’ bills is £2 19s. 0*25d,
per cent, and for the six months, £2 17s. ll*75d. per cent.
The rates for money have been as follows :
London
Bank Rate.
360
Tan.
Feb.
"
**
“
Mar.
5
4
4
4
4
4
28
4
11
18
25
4
Interest allowed
for deposits by
Open market ratee.
Trade Bills.
Bank BiUe.
Joint Dlsc’t W it.
Six
Six
Three Four
Stock At 7 to 14
Three Four
aXL Days.
Months Months Months Months Month» Months Banks. O
8 © — 8 @316 3 at - 3960416
216®3— 31604
2 9 6 0 - 2%®3
296® - 2%@ - 296® - 31604
316® - 8 @ - 216® — 31604
396@396 3 @316 3 Ô - 81604
896® - 816» - 3 0 - 31604
31604
31604
31604
31604
31604
31604
31604
31604
31604
31604
31604
81604
3 316-316
3 316-316
316 296-296
216 296-296
216 296-296
216 296-296
316
316
216
216
216
216
The following return shows the position of the Bank of
England, the bank rate of discount, the price of consols, &c.,
compared with last three years :
1880.
1887.
£
23,781,095
8.908,304
24,127.548
13,633.141
22,570.914
Reserve o f notes and coin.............. 15,800,122
28,281,217
46’08 p. c.
4 p. c.
100 15-16d.
160,225,000
Clearing-House return.....................
Circulation, excluding 7-day and
1885.
1884.
£
£
23,835,090
11,351,874
28,789,848
14,051,801
23,065,168
16,489,549
24,574,649
4696 P- o.
£
24,571,970
12,035,181
23,617,872
13,453,063
20,735,552
13,927,956
22,749,926
38% p.C.
SU p. c.
101 11-16<J.
137,440,000
23,998.575
8.262.414
22,885,077
14,818,078
20,860,087
14,422,157
22,068,732
49 p. o,
2 p .c.
101 3-10d.
9796J.
156,430,000 131,737,000
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
Rates of
Interest at
Mar. 4.
Feb. 11.
Feb. 18.
Feb 25
.
Bank Open Bank Open Bank Open Bank Open
Rate. Market Rate. Market Rate. Market Rate. Market
Paris...................
Berlin................
Frankfort...........
Hamburg..........
Amsterdam......
Brussels.............
Madrid...............
Vienna...............
St. Petersburg..
Copenhagen....
3
4
4
4
2*
2«
4
4
5
3
8
296
2W
£
296
296
2
296
4
3
5
3
4
4
4
296
296
4
4
5
3
296
296
296
396
2
896
4
3
5
3
3
4
4
4
296
29s
4
4
5
3
8
4
4
4
2H
296
4
4
5
3
296
296
396
3
296
296
4
3
5
3
296
396
396
396
896
296
4
396
5
3
Messrs. Pixley & Abell write as follows on the state of the
bullion market:
Gold—There have been no withdrawals from the Bank since our last;
A few small orders for India have been filled b y the arrivals of the
week, and the balance, amounting to £124,000, has been purchased by
the Bank. The Para has taken £ 12,670 to the West Indies, and the
Tamar, £1 1,50 0 to the Brazils. The Clyde brought £15,750 from Shang
hai, and the Austral, £,470 from Australia. The P. & O. Steamer takes
£3 9,00 0 to Bombay.
Silver—A further decline has taken place in consequence o f the in
creased flatness o f the Indian Exchanges, and the reoent arrival per
Chile Steamer has been sold to-day at 46d. A moderate enquiry is in
the market on Continental account The Chile Steamer brought about
£60,000 while from New Y ork some £45,000 has been received. The
P. & O. Steamer takes £18.000 to Bombay.
Mexican D ollars.- Only trifling amounts have com e to hand during
the week, and we oan give no quotation to-day, in the absence o f busi
ness.
The quotations for bullion are reported as follows:
SILVER.
GOLD.
London Standard.
Mar. 3. Feb. 24.
8.
d.
Bar g o ld ,fin e ., .os. 77 0
Bar gold, contaln’g
20 dwts. silver.os. 77 10
Span, doubloons, os.
3A.rn.doubloons.os.
s.
d.
77 9
77 10
.......
London Standard.
Mar. 3. Feb. 24,
d.
Bar silv er.......... os. 40
Bar silver,containlng 5 grs. gold.oz. 4096
Cake silver.......os- 4996
Mexican d o ls...os.
a.
46 5-16
47 11-16
49 15-16
45
The Railway and C&nal traffic bill introduced by Lord Stan
ley, the President of the Board of Trade, differs in no material
respect from that introduced last session by Mr. Mundella.
Both aim at the reconstitution and perpetuation of the rail
way commission, the enlargement of its jurisdiction and pow
ers and the regulation of the rates to be charged for traffic on
railways and canals. The bill clearly aims at the attempt to
revivify trade by a revision of rates. One important section
deals with the preferential rates about which there was so
much antagaonism last year between the railway companies
M arch
19, 1887. J
T H E CH R O N IC LE
on the one hand, who raised the ‘ cry of confiscation, and by
traders and manufacturers on the other, who maintained that
their business was being ruined by the low rates at which
foreign goods were carried, while their own were exposed to
onerous charges. The portion of the memorandum referring
to this particular branch of the subject is as follows : “ That
inequalities of charges to different traders and districts, and
difference in treatment of goods, founded on the goods being
British or foreign, are to constitute prima facie an undue
preference and are to be prohibited ; but the tribunal which
deals with any case of the kind is to have power, in addition
to other circumstances which are now held to justify ine
quality, to take into consideration whether the preferential
rates and charges or the difference in treatment are or is nec
essary to secure traffic.” There is very little doubt but that
the bill will pass and possibly much in the same form in which
it has been introduced.
Messrs. Sheppards, Petty and Allcard have invited subscrip
tions for $523,000, being the balance unissued of the prior lien
mortgage bonds of the Vicksburg Shreveport & Pacific Rail
road Company, the issue price being £222 for $1,000 bond.
W e are having another example of the rush on the part of
the public to subscribe for allotments in a company hitherto
privately conducted. This time it is the Hotchkiss Ordnance
Company, limited, which is formed with a capital of £1,100,000 in 35,000 preference and 45,000 ordinary shares of £10 each
and £300,000 debentures. The object is to take over the wellknown gun manufacturing firm with all its patent rights as a
new concern dating from January 1st, the sum to be paid
being £1,050,000, of which the venders take £60,000 in deb?ntures and £85,000 in shares, the balance to be paid in cash.
Messrs. Antony Gibbs & Sons who are financiering the scheme
have reserved to bondholders 8,000 ordinary and 4,000 prefer
ence shares. As the shares are quoted at a handsome premium
on the Stock Exchange the success of the scheme, so far as
placing it is concerned, is assured. A more opportune m o
ment than the present, when the air is full of warlike
rumors, and when Europe is very little better than an armory,
could not be obtained for placing such an undertaking in the
market, but there is a growing belief that this idea of turning
private firms into public companies is being carried too far,
and may be productive o f evil in the not top remote future.
In the present case it appears to have been ignored that a year
hence the Hotchkiss gun may be altogether superseded.
However the current idea is, securg the premiums, and this a
fortunate applicant for shares invariably does, utterly regard
less of what the future of the company may be.
The Costa Rica Railway announce the issue of £300,000 6
per cent 1st mortgage debentures, being balance of an au
thorized issue of £655,000, the price being 9 6 per cent.
The stock markets here have relapsed into a very quiet
state. The amount of speculation passing in all departments
has fallen off very materially. T he shake experienced at the
beginning of the year destroyed the chances of weak oper
ators, and since then speculative business has been at a very
low ebb. The last settlement proved a very light affair, and
that to be arranged at the middle of the month will probably
be not much better.
The Cleveland Iron Masters’ Association have published
their monthly return for February, from which it appears that
with 90 furnaces blowing, against 89 in January, the total
make of pig iron has been 185,487 tons, being 7,503 tons less
than in the previous month. The stock at the end of Feb
ruary was 651,377 tons, or 140 tons less than at the close of
January, making the reduction for the two months a little
over 1,000 tons. In the first two months of 1886, before
restriction commenced, there was an increase in stocks of
95,000 tons. The total shipments for February were 52,620
tons, or 748 tons more than in January.
An inactive market has prevailed for wheat throughout the
week. Millers have persistently held back from operating,
and, in the absence of buyers, prices have had a weak tendency
at times. There is an entire absence of any feature in the
trade likely to exert special influence. The statistical position
has not varied in any appreciable degree. The quantity of
breadstuffs on passage is diminishing, but still exceeds that
afloat at this time last year by over 100,000 quarters. With
fair supplies to draw upon, and favorable reports to hand from
the agricultural districts, the quietness in the trade is
explained There is no reason why buyers should increase
their stocks so long as the chances of a quiet market continue.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom.
_.
Wheat.............qrs.
Flour,equal to qrs
Maize.............qrs.
This week. Last week.
1,756,000 1,871,000
300,000
315,000
289,000
335,000
Last year.
1,868,000
205,000
396,000
1885.
2,556,000
259,000
280,000
361
The following shows the imports of cereal produoe into the
United Kingdom during the first twenty-six weeks of the
season, the average price realized and other items, compared
with the three last seasons:
IMPOSTS.
1886-87.
1885-86.
1884-85
1883-84.
Wheat.....................OWt. 25,847,051 25,365,290 24,267.581 29,144,545
7,019,753
9,232,010 10,126,838
Barley............................ 10,890,639
O ats............................. 7,671,154
5,281,493
5,438,716 6,458,457
Peas.............................. 1,260,153
1,029,217
1,036.260
948,552
Beans........................ . . . 1,374.370 1,712,842
1,882,374
1,363,256
Indian co rn ................. 13,358,327 13,579,701 10,979,434 14,212.793
Flour............................ 8,412,239
7,104,901
8,119,417 7,877,865
Supplies available for consumption (exclusive of stocks on
September 1):
1886-87.
1885-86.
1884-85.
1883-84.
Imports o f w heat.ow t.25,847,051 25,365,296 24,267,581 29,144,515
Im ports Of flour........... 8.412,239
7,104,901
8,119,417
7,877,865
Sales o f hom e-grow n.. 18,299,272 23,049,325 24,808,997 23,557,424
T otal..................... 52,558,562 55,519,522 57,195,995 60,579,834
1886-87. 1885-86. 1884-85. 1883-84.
Aver, price w heat..........week. 32s. 7d. 29s. 3d. 32s. Od. 37s. 3d .
Aver, price wheat...... season. 32s. 7d. 30s. 6d. 32s. 6d. 39s. 6d.
B u id U h
F in a n c ia l
m a r k e ts — P er C a b le .
The daily closing quotations for securities, &c., at London
‘ are reported by cable as follows for the week ending March 18:
London.
Sat.
Mon.
Tues.
Wed.
Silver, per o s . . . . . . . . . 4 .
C m sols fo r m oney.........
Jonsols fo r a c c o u n t.....
Fr’ oh rentes (ln Parle) fr
a. 8 . 41*8 o f 1891...........
a. 8. 4s o f 1 9 07..............
Canadian P acino...........
Ohio. Mil. & St. P a n l.__
B rie,com m on s t o c k ....
Illinois C entral..............
P enn sylvania............. .
Philadelphia <s Beading
S
New York Central.........
46
101718
101 <
¡8
81-60
11144
13138
62
941«
34%
13344
5944
19%
1161s
46
1017J8
101»,«
81-45
111*9
131*3
6178
94*8
34*3
13344
5938
19*3
116*4
46
101716
101»ia
81*70
1111*8
13108
61%
94
343a
133
59*4
193s
116
46
1017,8
101*3
81-15
111®8
1310a
Fri.
Thurs.
45*4
1017,8
101*3
80-80
111%
xl30®s
62=8
62*3
X9238
917e
35
34*8
133% 133%
590a
590a
19%
19*3
x 1153b 115
45*4
101»ia
101%
80*52*s
111%
130%
63*8
92*4
34%
133%
59%
20
115
©ammjercial and fis c e lla waves Mtxos
I mports a n d Exports for the W eek .—The imports of last
week, compared with those of the preceding week, show a de
crease in both dry goods an d general merchandise. The total
imports were $9,153,031, against $10,582,025 the preceding week
and $9,833,920 two weeks previous. The exports for the week
ended March 15 amounted to $6,874,200, against $8,033,933 last
week and $7,870,140 two weeks previous. The following are
the imports at NewYork for the week ending (for dry goods)
March 10, and for the week ending (for general merchandise)
March 11; also totals since the beginning of the first week in
January:
rou an »
im p o s t s at n e w
tore.
For Week.
1884.
1885.
1886.
1887.
Dry O oods.........
Oen’ lm er’d lse..
82,636,178
5,386,879
$2,119,182
6,537,632
$2,912,564
5,984,793
$2,639,108
6,513,923
T otal............
Since Jan. 1.
Dry Ooods.........
Oen’l mer’ d lse..
$8,023,057
$8,656.814
$8,897,357
$9,153,031
$28,951,638
56,866,121
$23,407,804
49,192,291
$27,477,942
57,522,717
$30,598,476
60,208,237
Total 10 weeks.
$85,817,759
$72.600,095
$85,000,659
$90,806,713
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 15,1887, and from January 1 to date:
EXPORTS FROM NEW YORK POR THR WEEK.
1884.
1885.
1886.
1887.
For the w e e k ...
Prev. reported..
$6,107,266
52,437,667
$6,470,766
59,828,340
$5,419,846
50,695,861
$6,374,200
52,627,112
Total 10 weeks.
$58,544,933
$66,299,106
$56,115,707
$59,001,312
The following table shows the exports and imports o f specie
at the port of New York for the week ending March 12, and
since Jan. 1, 1887, and for the corresponding periods in
It86 and 1885:
BXPORTB AND IMPORTS OF 8PBOIB AT NBW YORK.
Bold.
Exports.
Week.
dlreat Britain . . . . . . . .
F ra n c e .... . . . . . . . . . . .
G erm any....................
$400
Imports.
Since Jan. 1.
Week.
$ ..
Since Jan.l.
124,183
$38,458
4,424
945,405
955,261
I l l oth er oou n trles...
15,012
10,000
1,008,559
148,458
2,149
T ota l 1 8 8 7 ... ....
T otal 1 8 8 6 ...........
T otal 1 8 8 5 ..........
$149,595
1,375,138
203,782
$3,100,565
10,716,869
3,491,847
$4,551
32,533
459,489
$3,330,758
1,869,913
4,292,626
Silver.
4reat B r ita in ............
F r a n c e ........ . . . . . . .
$ ......
12,300
79,200
19,417
$1,292,250
. 335,242
85,000
31,500
18,263
36,514
11,401
$ .........
$ ......
8,223
953
1,225
218,354
37,830
109,330
$1,808,170
3,004,211
3,049,872
$9,176
56,303
29.409
$366,739
235,012
217,513
2,598
I l l other cou n tries...
Total 1 8 87...........
T otal 1 8 8 6 ... ....
T otal 1885...........
$113,545
129,970
378,088
2,402
$1,578,107
1,021,539
356,910
286,691
2,712
82,749
2,050
THE
362
CH R O N IC LE
Of the above imports for the week in 1887, $2,402 were
American gold coin and $1,595 American silver coin. Of
the exports during the same time $26,633 were American
gold coin.
Foreign T ra.de op N ew Y ork —Monthly Statement.—In
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full month of January,
also issued by our New York Custom House. The first state
ment covers the total imports ^of merchandise.
IMPORTS INTO NEW YORK.
1880.
1887.
Month.
Dry
Goods.
General
Merchan
dise.
JotaX.
$
«
$
Dry
Goods.
General
Merchan
dise.
Total.
10,790,004 28,022,778 89,822,442
$
$
t
0,410,104 23,389,785 32,799,899
12,070,425 20,021,810 88,091,741
Total.... 27,950,308 40,770,900 74,730,834
21,480,589 50,011,051 71,491,040
January.... 11,150,704 23,748,188 84,007,892
F eb ru a ry ..
EXPORTS FROM NEW YORK.
CUSTOMS RECEIPTS.
A t New York.
Total Merchandise.
Month.
1887.
January..............
February..........
Total............
Month.
1880.
1887.
I860.
$
$
24,470.887 23,723,010 January..............
22,294,833 22,314,321 February............
«
$
11.792,309 10,925,448
18,096,217 11,790,732
40,771,220 40,037,937
24,888,520 22,725,180
T otal............
United States Sub-Treasury.—The following table show
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week :
Balances.
Date.
Receipts.
Payments.
12
j*
15
16
17
18
$
1,501,750
1,848,257
1,792,223
1,355,166
1,970,894
1,250,151
$
1,207,624
1,962,108
1,093,112
1,129,092
1,918,891
1,032,425
Total ..
9,718,441
9,903,252
Moll.
«
“
«
«
“
Coin.
Coin Ctrl's.
Currency.
$
134,133,596
134,231,523
134,322,905
134,324,679
134,501,157
134,576,027
$
19,445,700
19,290,521
19,410,596
19,525,585
19,454,409
19,047,172
$
19,329,741
19,272,142
19,159,695
18,909,006
18,915,707
18,860,400
[V ol. X LTV .
and John S. Lazarus of Indianapolis, George Abbott of De
catur, A. P. Harrison of Tuscola, Alfred Hayard of Carmago
and John T. Todd of Newman are the incorporators.
—The Bank of the State o f New York, whose quarterly
statement is presented in this issue of the Chronicle, re
cently decided, owing to the increasing volume of its business,
to increase its capital from $800,000 to $1,200,000. The state
ment at the time of such increase of capital showed the
resources of the bank to be nearly $14,000,000, with a surplus
fund of $200,000 and an undivided profit account of $234,000
more. The bank is managed by gentlemen well known in
business circles, among whom are Mr. R. L. Edwards, Presi
dent; Jas. B. Colgate, Vice-President, and John H. Rolston,
Cashier. Stockholders can subscribe for new stock at par,
prior to May 1, 1887.
—Messrs. P. J. Goodhart & Co. call attention in our adver
tising columns to Alabama, Tennessee and Georgia City,
Land, Iron and Coal Companies’ stocks. The recent develop
ment of the resources of the States named have been attract
ing the attention of moneyed men for some time past, and
there is much activity in purchases at the South.
—Attention is called to the city water supply bonds of the
cities of Denison, Texas, and Vincennes, Ind., which are of
fered for sale by Messrs. W. G. Hopper & Co.,of Philadelphia.
—The Homestake Mining Co. has declared its 104th divi
dend for February, amounting to $25,000, payable at office of
Messrs. Lounsbery & Co., Mills Building.
Auction Sales.—The following were sold at auction this
week by Messrs. Adrian H. Muller S Son:
c
Shares.
40 Broadway Insurance Co. 200
20 Cent. Park N. & E. Rlv.
RR. Co ............................. 107*3
130 Greenwich Fire Ins. C o .. 243
10 National Bk. of Com’c e . 176
10 Am. Exchange B a n k .... 145
100 Penn. Coal Co.......269 to 270*4
40 Sfcuyvesant Fire Ins. Co. 12641
20 Broadway Ins. Co____ .. 202
17 Firemen’ s Ins. Co............ 102
100 Nat. Butch. & Drov. Bk.. 165->
3
10 Real Est. E xc. & A uction
Room , Limited.......... .
103*4
15 Bank of New Y ork.........214
33 Bank o f North Am erica. 12641
1 National City B ank....... 325 *3
100 Penn. Coal Co.................. 270
2 Eighth Avenue RR. Co.. 175
Bonds.
$7,000 Cent. Park N. & East
River RR. Co., 1st, 7s, due
1902........................................ 122M
$1,000 Jersey City 7s, Itnpr.
due 1893...................... 109 *3 & int.
$1,000 Jersey City 7s, Itnpr.
due 1894...................... t lO ^ & ln t .
$2,500 N. Y. & Laoka. Coal &
Iron Co., 1st. 6s.......... $41 per lot.
$1,000 Jersey City 7s, Impr.
due 1892......................1094* & int.
$27,000 Gregory Consolidat.
Mining Co., 1st m ortgage.. 15
Unlisted Securities.—Quotations from both Exchanges:
Atchison Topeka & Sante Fe.—Judge Brewer, of Topeka,
Bid. Ask.
Kan., has given a decision in C. H. Venner’s suits to restrain
S E C U R IT IE S .
SECURITIES.
Bid. Ask.
the Atchison from building to Chicago and also to prevent Am. Bank N ote C o . . . . . . . .
e®s 10
Mexican N a tio n a l..........
32
the guaranty by Atchison of Atlantic & Pacific bonds. Both Amer. Tel. & C a b le ........ 75 7 7
28
1st m ortgage.......... ...... 42*4 42*4
A tcli. & P ike’s
no
suits were for temporary injunctions, and decisions in both A tla .A Char. APeak, 1st,6s
11
8
ir L ..ls t 7s Ì 2 3 " 124*3 N ew Jersey & N . Y ...........
suits are in favor of the Atchison company.
20
Newp. N ew s a M iss.V a l.. 18
At.<fePac.-lstM,C.D.new3 100 104
L
N .Y .uh i. St. L., 1st st. cer.
23
As to the new roads in California, the San Diego Cen Boat. JU. T.«fc W est.—Stk. 21
Debentures........ .............
tral Railroad has filed amended articles of incorporation. B rooklyn E lev’d—stook.. 45
20
50
N. Y . City < N orthern .... 15
fc
1®4
1st m ort............................ 109 109®. N. Y. W . Sh. & B __Stock.
The capital stock is made $1,500,000. It is expected that
97*3
2d m ort............................. 8034 81*3 North. Pao.—Dlv. bond s.. 97
this road will form a large portion of the 300 miles of California P a ciflo............. 0 11 N orth R iv. Cons.—Scrip—
Pensacola < A tla n tic___ 14
&
new road which the Atchison will build in Southern Califor Cape Fear & Yad.Val., 1st 95
Fe < Cal 5 s..
&
nia this year. The San Diego Union of the 1st says: “ The Chic. Santa& Springfield.. 2 104 81 Peer. Dec.ifc Evans.—2d M 91
86
83
0
Cincinnati
articles of incorporation of the San Jacinto Railroad Com Oont.Cons. Im p.Oo.Tr.stk 48 62 Pittab. & W est.—1st M ... 92®. .... .
29
Rome & Decatur................ 27
Des Moines & Ft. D od g e.. 15
pany were filed in the County Clerk’s office yesterday. It is
95
1st m ort.. 6 s .................... 93
25
Preferred......................
the intention of this corporation to construct and operate a East & W est R R . of A la .. 2a »a 20*3 St. Louis Ft. S. <fc W ich — 7*3 8*3
Edison E lectric L igh t___ 185 205
St. Paul E.& Gr. Tr., 1st 6s 103 106
road to extend from a point near the town of Perris, on the
....... «
3*8 4 * 3 Tol. A . A. & N. M ............
line of the California Southern, to a point in the eastern por Flor. R ’w ay & N av. C o ... 7
98
8
Tol. S t.L .A Kan. Cit—1st. 95
P rof....................................
25
Utah Central.—1st, 6s—.. 81
Georgia Pac.—S tock......... 21
tion of San Jacinto Valley. The estimated length of the line
V ioksb. & M eridian..........
3
4*3
1st 6s................................ 107 109
is 25 miles. The capital stock of the company is $500,000,
61
2ds...................................... 58
8
95
5
Kanawha < Ohio....... .
&
divided into 5,000 shares at the par value of $100 each.
60
55
1st p ref............................. 21*3 23*9
Beech Creek.—This railroad company applied to the New
11
2d p ref.............................. 10
1-4*3
est N. Car.
Con, 6s..
York Stock Exchange to list $5,000,000 first mortgage 4 per K1st 6s.......... .................... 74 75*s We s t V irginia 21R .............
4 *3
eely M otor....................... n a g 12
R
3*4
cent 50-year gold bonds; 26,000 shares preferred stook, par K ingst’n & Pembroke R R 37*3 38*4 w1st m ort 0s.................. . 100 1 01
value $50; 74,000 common stock, par value $50. The property
is subject only to the lien of this mortgage dated July, 1886,
u tik x u Q a n d J f i u a u c i a l .
to the Knickerbocker Trust Company of New York, given to
secure an issue of 5,000 coupon bonds of $1,000 each, dated
July, 1886, maturing July, 1986. Cornelius Vanderbilt is ViceUnited States Government and other desirable
President of the company. The earnings in 1886 from June 5
S E C U R I T I E S
to December 31 were $379,116; operating expenses, $168,172 ;
interest on bonds, $100,000; first dividend preferred stock 2%
FOR
per cent, $32,000.
I N V E S T O R S .
Central o f New Jersey.—It is stated that the delay in the
publication of the Jersey Central plan of reorganization is
A ll stocks and bonds listed on the New Y ork Stook Exchange bought
due to the fact that attempts are being made to adjust the
and sold on commission fo r cash.
accounts with the Reading Company.
Deposit accounts received and interest allowed on m onthly balances
Dubuque & Sioux City.—At Des Moines, Iowa, March 15, subject to draft at sight.
1887, the 111. Central applied to Judge Couch, of the District
H A R V E Y
FI SK & SONS,
Court, for an injunction against both of the two sets of direc
28 N a s s a u S t r e e t , N e w Y o r k .
tors of the Dubuque Sc Sioux City Road claiming to have
been elected The application asks that both alleged boards
o f directors be enjoined from beginning suit against the Illi
nois Central to forfeit the lease for non-payment of rent, and
H E L E N A & R E D M O U N T A IN R R . CO .’ S
that in the meanwhile a receiver be appointed to receive the
rent or an order be made that it be paid to the Court. The
FIRST MORTGAGE 50-YE A R S IX P E R CENT GOLD BONDS,
Judge granted the injunction until the 28th, when the matter
DUE 1937.
will come up for hearing.
Indianapolis Decatur & Springfield.—This road is ad
.
PRINCIPAL AND INTEREST GUARANTEED B Y THE
vertised for sale in foreclosure on May 25, at the office o f the
company, No. 2 Wall Street. A press dispatch from Decatur,
NORTHERN PACIFIC RR. CO.
III,, March 14, said: There will be a reorganization of the old
F or sale b y
company, under the name of the Indianapolis Quincy S Misc
our River Railroad Company, capital $4,240,000, and the road
G R IS W O L D & G IL L E T T ,
will be extended from Decatur west to a point near Quincy.
NO. 3 W ALL STREET, NEW YORK.
Robert B. F. Price of Crawfordsville, Ind., Joshua V. Michael
March
THE
19, 1887.]
CH RO N ICLE.
2 P*je f l a n k e r s ' ( S a s e t t z .
D I V I D E N D S .
XUe follow ing dividends have reoently been annonnoed:
Name o f Company.
Per
Oeni.
R a ilr o a d s .
Connecticut River (quar.)............
Missouri Pacific (quar.).................
N. Y. Central & Hudson (quar.).
N. Y. N. H. & Hart, (quar.)..........
Oregon Railway < Nav. (quar.)..
fe
2
1*
1
2*
1*
Payable.
Books Closed,
(Days inclusiie.)
April.
Apt il.
April 15 March 16 t o ----------A pril 1
April.
W A L L S T R E E T . F R I D A Y , M a rch I S , 1 8 8 7 - 5 P . M.
The Money Market and Financial Situation.—The Stock
Exchange has been very dull this week, and it is palpable that
the market is yet in a halting position. Doubtless, the muchtalked-of B. & O. negotiations have done something to keep
matters unsettled and to cause large operators to hold aloof
until so important a transaction should assume definite shape
or be declared off entirely.
The foreign exchange rates have become so much easier thatr
all apprehension of gold exports has gone for the time being,
and the signs unquestionably indicate a considerable
movement of our stocks and bonds towards the foreign mar
kets ; it is probable that some large amounts of the new bonds
issued here against railroad construction are quietly placed
abroad, and this may affect the rates of exchange more than
the purchases of securities in the open market.
The railroad earnings are very good so far this year, and
show a favorable comparison with the early months of 1886,
while the railroad reports now coming to hand from day to
day for the year 1886 present a remarkable exhibit for that year
in comparison with the unfavorable results of 1885.
The condition of the money market yet remains as a present
cause for conservative operations, as all parties having specula
tive accounts are cautious, and desirous of seeing the bank
surplus take an upward turn, so as to place our market
beyond the control of parties who might wish to lock up
money.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 7 per cent,
the usual rate to stock brokers being 4$ @ 5 per cent; to-day the
rates were 4 @ 5 per cent. Prime commercial paper is quoted
at 5@6 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £439,000, and the per centage of reserve to
liabilities was 48’84, against 48'80 last week; the discount rate
remains unchanged at 3$ per cent. The Bank of Prance lost
5,750,000 francs in gold and gained 2,125,000 francs in silver.
The New York Clearing House banks, in their statement of
March 12, showed a decrease in surplus reserve of $1,089,700,
the total surplus being $7,998,350, against $9,088,050 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
363
Cables, 4 87@4 87$.
Commercial bills were 4 82$@4 82 J-;
Continental bills were: Francs, 5 28$ and 5 21}; reichmarks.
¡95@95$ and 95$@95^; guilders, 39$@40 and 40$@40$.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,,
buying 1-16 discount, selling 1-16 premium; Charleston buying
par@3-16 premium; selling $<§)$ premium; New Orleans,
commercial, 50c. discount; bank, $1 prem.; St. Louis, 75c..
discount; Chicago, 75c. discount.
The rates of leading bankers are as follows :
Sixty Days.
March 18.
Demand.
4 84*
4 87
4 82*® 4 82*
Docum entary c om m ercia l........................... 4 8 2 * 3 4 8 2 *
Paris ( f r a n c s ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2 3 * 3 5 2 3 * 5 217s® 5 2 1 *
40*8 ®4O3t0
39i51604O
Amsterdam (gu ilders).................. ...............
95 » 9 5 *
9538095**
Frankfort or Bremen (reiohmarks)............
Prim ebankers’ sterlln g bills on L on d on ...
Coins.—The following are quotations in gold for various coins:
Sovereigns........... $4 85 « $ 4 88
N apoleons......... . 3 85 « 3 89
X X Reiohm arks. 4 74 ® 4 76
X G u ild e r s .. . . . . . 3 96 « 4 00
Span’ hD oubloon s.lS 65 « 1 5 75
Mex. D ou bloon s.. 15 58 « 1 5 65
Fine gold b a r s ....
p a r « * prem.
Fine silver bars .. — 99 ®| 100
Dimes & * dimes. — 9 9 * « par.
S ilver k s and ¿as.
F iv e fr a n c s ..........
M exican d o lla rs..
D o uncom m ero’l . —
P eruvian s o l s .. ... —
E nglish s ilv e r . . . . 4
U. S. trade d ollars —
U. 8. silv e r d ollars —
9 9 * « -----------
93 « — 95
77 « — 78
7 6 * ® — 77*7 3 * ® — 75
80 « 4 84
9 9 * ® 100
9 9 * ® 100
United States Bonds.—Government bonds have been very
dull and the market is without feature of interest. Prices have
been rather weak and are a little lower.
The closing prices at the N. Y . Board have been as follows
Interest Mar.
Periods. 12.
4 * 8 ,1 8 9 1 ...........rcK- Q. -Mar.
4 * 8 , 1891
9 -M ar.
4s, 1 9 0 7 ... ........... reg. 9 - -Jan.
4s, 1907 .. ........ coup. 9 - -Jan.
3s, option U. 8 ___reg. Q. -F eb.
& J.
6s, cur’ cy, ’ 9 5 ___reg.
6s, our’ ey, ’9 6 ___reg. J. & J.
6s, cur’ cy, ’9 7 ___reg. J. & J
6s, cur’ cy, ’9 8 ___reg. J. & J.
6s. cur’ cy, ’9 9 . . . . reg. J. & J.
*1 0 9 *
109*
*127*
128*
*1 0 0 *
*1 2 6 *
*129
*13 1*
*134*
*1 3 6 *
Mar.
14.
Mar.
15.
Mar.
16.
Mar.
17.
Mar.
18.
*1 0 9 *
*109*
*127*
*1 2 8 *
“100*
*1 2 6 *
*129*
*132
*1 3 4 *
136*
*10 9*
*1 0 9 *
“ 127*
128*
*1 0 0 *
*12 6*
*12 9*
*132
*134*
136*
*109
*109
*127*
*1 2 8 *
*1 0 0 *
*12 6*
*129*
*132
*1 3 4 *
*1 3 6 *
109
*109
*1 2 7 *
*1 2 8 *
*10 0*
*1 2 6 *
*1 2 9 *
*132
*13 4*
*13 6*
*108*
“1087®
127*
*128*
*100*
*126*
*1 2 0 *
*132
*134*.
*1 3 6 *
* This is the price bid at the m orning b o a rd : no tale was made.
State and R ailroad Bonds — State bonds have been mod
erately active most of the past week, though some increase in
the volume ot transactions occurred at times. Virginia deferred
bonds have advanced a little, and Louisiana consol 4s
have been somewhat prominent and quite strong. Besides
these there is no change of importance.
The market for railroad bonds continues in a dull and
featureless condition. There has been nothing like real activity,
and the market generally has not fluctuated much. There was
some weakness apparent in the early part of the week in a few
of the speculative classes, in sympathy with the stock market.
Hocking Valley bonds declined quite sharply, and Texas
Pacifies, Erie 2ds and a few others were a little weak, but
they have recovered more or less since. No class has been
conspicuous for special activity, the small business being
pretty evenly distributed.
Railroad and Miscellaneous Stocks.—The stock market
has been dull and lifeless most of the past week, with only a
slight increase in the business on one day—Mondav. There
have been no news or influences of sufficient importance to lift the
market out of its lethargic state, and operators show a dispos
ition to await some new development or new phase of the old
features. There is some fear expressed of possible tight money
in the near future, and indeed rates have been manipulated a
little during the past week; this anticipation and the con
D tfer’ncesfr’m
%
1887.
1886.
1885.
tinued uncertainty in regard to the Baltimore & Ohio negotia
March 12. Previous Week. March 13.
March 14.
tions have tended to restrict operations and also to weaken
Loans and die. $369,501,000 I n c .
$13,400 $358,888,500 $303,821,800 prices a little. In connection with the B. & O. deal there is
Specie............
84,100,700 Deo. 1,177,500
87,263,000 103,715,700 nothing new to report; speculations and rumors in regard to
C9roola tio n ...
7,667,800 Inc.
50,100
7,690,500
10,931,100
Net deposits.. 384,181,000 Dec. 1,144,800 395,374,600 355,670,200 its ultimate disposition have been plenty, but nothing authentic
Legal tenders.
19,942,900 Deo.
198,100
32,194,700
32,294,400 is known. It has not this week exerted much influence on
Legal reserve $96,045.250 Deo. $286,200 $98,843,650 $88,917,550 prices, but has aided in retarding speculation and in prevent
Reserve held. 104,043,600 D ec. 1,375,900 119,457,700 136,010,100
ing a rise when some of the features were favorable.
8 orpins..........
On Monday there was some activity in the leading stocks,
$7,998,350 Dec.$l,0S9,700 $20,614,050 $47,092,550
when they were freely sold and sharply depressed. There was
Exchange.—The sterling exchange market has been very nothing new of importance to account for the decline, but it
much unsettled and irregular during the past week, with a was chiefly the result of active bear manipulation, and did not last
long. There was subsequently a quiet but pretty steady recov
decided downward tendency. Several facts have united to ery, when some purchases to cover were made, though the chief
bring about this weakness: there is little or no demand for influence was the foreign buying, which set in quite actively.
bills from remitters; London has been a purchaser of our The market did not respond materially to this, however, and
stocks, causing an increase in the supply of security bills; and there was nothing like activity to the dealings. The foreign
m addition to these matters, the higher rates for money ruling buying has since fallen off, and the market has become dull
almost to stagnation.
here than in Europe occasion an unwillingness to send money
Of special features there have been few. Richmond Terminal
abroad. The actual rates have been rather irregular and the is prominent for its activity and irregular movement.
posted rates have declined fully one cent on the pound, and are During the weakest spell of the market— on Monday— this
stock, with New England, Union Pacific, Reading, Western
quoted to-day at 4 84$ and 4 87.
Union, Lackawanna and Hocking Valley led the decline, the
To-day the rates on actual business were as follows, v iz .: balance of the market responding but slightly. The same stocks
B inkers’ 60 days’ sterling, 4 83|@4 84; demand, 4 86$ @ 4 t6f. *have also been the most active during the week.
THF, CHRONICLE.
364
[V, t, J LTV,
STOCKS—PRICES AT N .X STOCK EXCHANGE FOR WEEK ENDING M A R C H 18, AND SINCE JAN. 1, 1887.
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Mar. 12.
A c tiv e K i t . S to c k s .
A tlantic & Pact tic....................
Canadian P acific......................
Canada Southern......................
Central o f New Jersey............
Central P acific..........................
Do
Do
1st p ref.
2d p r e f.
Chicago Milwaukee & 8t.Paul.
Do
pref.
Chicago & N orth w estern .......
Do
pref.
Chicago R ock Island & Pacific.
Chicago St. Louis & Pittsburg.
Do
pref.
Chloago St. Paul Min. & Oni..
Do
pref.
ClevelandCol.Cin.& Indianap.
Columbus Hocking Val.& Tol.
Delaware Lackawanna&West,
Denver & R io G., assessm’t pd
Do
pref.
East Tennessee y a. & Ga. R ’y.
Do
1st pref.
Do
2d p r e f .
Evansville & Terre H aute___
Green B ay Winona & St. Paul.
Ind. Bloom. & West., ass. p d ..
Lake Shore & Mich. Southern.
Louisville & Nashville............
Manhattan Elevated, co n so l..
Michigan Central......................
Mil. Lake Shore & W est..........
Do
pref.
Minneapolis & St. Louis.........
Do
pref.
Missouri Kansas & T exas.......
Missouri P acific........................
Mobile < Ohio...........................
fc
Nash v.Chattauooga&St. Louis
New York Central & Hudson.
New Y. Chio.& St. L., assent’d
Do
pref., assented.
New York Lake Erie & West’n
Do
pref.
New Y ork & New E n glan d...
New Y ork Ontario & W est___
New Y ork Susq. & W estern...
Do
pref.
Norfolk & W estern...................
Do
pref.
Northern Paciilo.......................
Do
pref.
Ohio & Mississippi...................
Oregon & Trans-Continental..
Peoria Decatur & Evansville.
Philadelphia & Reading.........
Richm ond & Alleg., receip ts..
Riohm ’d & W est P’ht Terminal
Do
pref
11% 11% 11%
59% 597ft
60%
56% 58%
58%
69%
6 8 % 69%
35% 37
36%
„ 9
8
8%
*14% 15
15
*9%
9%
1391« 1391«
92
91
9138 92
121 121% 121 121
11558 11618 115% 116%
141 141
140 141
125 12570 125% 125%
*17
18
18
*16ia
*38
40
*38 is 40
49%
48
48 is 49
*108 108% 108% 108%
62% 62%
63
63
2 8 7 33%
0
337« 34%
132% 134%
13318 134
24% 24%
25
25
5978 60%
5 9 13 60
12% 12%
13
13
74
*75 • 76
75
23
24
*23is 24%
84% 85
84
85%
14
14%
145s 15
11%
59%
58
6918
36%
*7%
*1413
9%
130% 130%
131
24%
24% 24%
95%
93% 947g
96
96%
62
61% 62%
61
61
1561a 15630 156 156
56
56
57
5513
88% 89
89% 89%
82% 82%
82% 82%
105 106
105 105%
19
18
18
*18
42% 42%
*42
43%
30
31%
30% 31%
108 108% 107% 108%
17
16
*16
16
84
84
83% 84
112% 113
112% 113%
17
17%
17
17
27
28%
28
28
33% 337ft
33% 33%
70% 72%
71% 72
6238 63%
62
63%
17% 17%
17% 17%
1 2 % 127r 1 2 % 1 2 %
3530 35%
34% 35%
21
21% 20
20
47% 48%
47% 48%
27% 27%
27% 27%
58% 587ft 58% 58%
27
29
27% 28
31% 32
31% 32%
32% 33%
33
33%
37
38%
37% 38%
10
10
38% 40%
38% 40%
72
73% 73
74
131
*2313
9438
96
61%
St. Louis & San Franoisco___
33%
Do
p re f___
67%
Do
1st p re f 114%
St. Paul & D uluth.....................
59%
1081«
St. Paul Minneap. & Manitoba
26%
Texas & Pacific, 2d ass. paid.
57%
Union P acific.............................
Wab. St, L. & P.,P. Com. repts. *17
29%
Do
pref.
m is c e lla n e o u s S to c k s.
37%
Colorado Coal & Iron ..............
84%
Consolidated Gas C o...............
Delaware & Hudson C an al... 100%
Oregon R ailway A Nav. C o ...
Pacific Mail..............................
Philadelphia Co., Nat. Gas___
Pullman Palace Car Co.
Western Union Telegraph___
E x p r e s s S to c k s.
A dam s........................................
Am erican...................................
United States.............................
Wells, Fargo & Co.....................
I n a c t iv e S to c k s.
B oston & N. Y. Air-Line, pref.
Buffalo Roch. & Pittsburg___
Cedar Falls & Minnesota.........
Central Io w a ...........................
33%
33%
67%
67%
114% *114%
60%
59%
1081«
*115
27%
26%
56%
58%
1670
18
29%
29
33%
67%
115%
59%
116
27
57%
17%
30
Tuesday,
Mar. 1 5 .'
Wednesday, Thursday,
Mar. 17.
Mar. 16.
Sales
o f the
Week,
Shares
1,280
11% 11®8 11% *11% 11% *11% 12
60
61% 61%
3,180
60% 61%
60% 61
7,360
57%
57% 57% 57% 58
57% 58%
70
69%
70%
70% 15,630
69% 70% 70
37% 37%
2,554
36%
37% 38
36% 36%
*7%
100
8%
*7%
8%
8%
105
15
*14% 15% *14% 15%
15
15
9
10
9
133
10% 10%
*9% 10%
138% 138 ¡k
139 139
469
139
92
92
92% 91% 92% 917g 92% 69,475
121
121 121
1,363
120% 12 0% 121 121
115% 11570 115% 116% 19,555
115% 11570 116
142 *141 142 *141 141% 142% 142%
1,211
125% 125 125% 12470 1247ft 124% 125%
1,734
18
*16
17% *17
18
*16
18
39
39
39
39% 38% 38%
250
*38
48%
48% 49%
7,030
48% 49
48% 49%
108% 108% 108% *107% 108% 108% 108%
2,300
63
*62% 63%
62
62% 62%
62
910
30% 31%
29% 31% 31,684
31%
30% 32%
134
133% 134% 108,790
133% 134% 133% 134
25% 26% 27%
27% 27%
26% 27%
4,565
62% 63%
60%
62% 62%
61% 62%
7,688
12% 12% 12% 12% 12% *12% 13
2,163
74%
74
74% *73
73
73
*73
893
237S 237ft 23% 23% 23% 23%
24
1,395
85% *84
85
85% 85%
85
1,220
85%
147r 14% 14% *14
14%
14% 14%
4,260
*35
40 *
40
39
37
100
37
129% 129% 12970 12970
240
131
23% *23
24%
*23 ’ 24% *23
180
25
95%
94% 94% 94% 95
95%
66,349
95
96
96
97
409
*95% 97
63%
63% 637« 63
63%
63% 64% 54,834
62
621« *62% 62%
350
61%
15670 156% 156% 156% 156% 156 156%
3,920
2,100
57%
57
90%
i;0 3 0
90
89% 89% *89% 91
90
90%
700
83
81% 81%
81% 81% *81% 83
*81
2,000
105% 106% 106 106 *105 107
106 106
215
17% *17% 18% *17% 18% *17% 18%
17%
*42
43
500
42
42% 42% *42
43
42
30% 31% 18,645
30% 31% 30% 31%
30% 31
107% 10770 107% 108%
9,001
107% 108
107% 108
16%
520
*16
17
16
16
16
16
16
84
84
84
84%
84% 84%
3,476
84
84
111% 111%
x l l l %112
112 112% 111% 111%
6,318
1670 167«
16% 167fi 17
17
1,725
16% 16%
27% 27% 27% 27%
1,920
27% 27%
*27
28
33% 33% 33% 33% 82,010
33% 337ft 33% 34%
3,615
71
71%
71% 72
71% 71%
72% 72%
62% 63%
6170 63%
62% 62% 62% 6270 50,343
2,050
17% 17%
18% *17% 18%
18% 18%
18
*12% 13
1,270
1 2 % 13
12% 1 2 % *12% 13
35% 35%
35% 35% 35% 35% *35% 35%
2,357
21
*20
22
*20% 21
620
2 1 % 2 1 % 21
4870 49%
4 8 70 49% 49
49%
7,730
49
48
2778 277« 27% 277fl *27% 28
28
28
1,650
9,892
58% 59
58% 59%
58% 587ft 587e 59%
27% 28
28%
28%
28
28%
8,270
28
28
31% 32
31% 32%
31%
31% 31% 10,475
31
4,845
33% 33%
33% 33%
33% 33% 33% 34%
37% 38%
37% 38%
37% 38
38
38% 154,360
87ft
8 '%
8%
9
9
8%
8%
8%
2,678
3870 39%
39% 40%
37% 39%
38% 39% 134,720
75
*73
75
72
3,418
73%
73
73% *73
.........
88
*85
1,810
32% 33%
33
33%
32% 32%
*32% 33%
0 66% 6670 4,650
66% 667
66% 67
65% 67%
752
115 115% *114% 115% *114 114% 114% 115%
3,175
60% 60% *60% 60%
60%
59% 61
60
300
*108 109 *108 109
108 108
5,444
115 115
115 115% 116 117% 117% 117%
27% 28% 17,845
26
27%
27% 27% 26% 27%
54,383
56% 57%
57% 58
57% 58
57% 58%
1,000
17
17
17
17
17% 17% *16% 17%
3,650
30% *29% 30
30
30%
29% 30
30
11%
60
57%
68%
36%
*7%
*14%
*9%
139
91%
121
115%
*141
125%
*16
*37%
48
108%
62
29%
132%
25%
59%
12%
74
*23
85%
14%
*36
*129%
23%
93%
96
61%
61%
156%
Lowest.
10%
59%
52%
55%
33
8
14%
9
144
144% 144% *142
109
109% 109% *109
62% 62 70 *62
63
12870 *128 131 *127
143
*109
63
128
*101
52
*15
*10
102 *101
52
51
17% *16
*10
12
1461«
145
110
64
130
102 *101 102 *101
51
51% *51%
51
*15
17%
15
18
11
*10
*10
1461« 145 145
99
99
*5
*5
6
5%
6
6
878 87ft
*8%
9
*8%
8%
127 127
127 127 *125
27
27%
27% 29
29%
132 132% 134
130% 131 132
27%
7
*6%
7%
*6%
7%
7
31% *30% 32
31%
31% 31%
32
31% *30
*30
*29
34%
34% *34
35
34% 34
12
12%
10
45%
46%
45% 45% 45% 45%
39%
39%
3 9 % 39%
38% 39%
15% 15%
15
45
45
43% 45
45
*43
56%
64%
59%
53
28
10%
52
62%
57%
53
2478
*10
55
63%
57%
53
26%
11
51%
63
57
52%
25 ~
10%
52%
63%
58
52%
26%
10%
145
144% 144%
110 *109 110
63% *62
63
130 *128 130
143
110
63
128
*143
*109
*62
*128
102
53
15
11
*101 102 *101% 103
*51% 53
53%
53
16%
*14
15
15
11
11
*10
*10
5
5
*5
6
5%
9%
*8%
9%
9%
*8%
130
127 128 *126 130
30
30% 30% 32
30%
135% 13670 136 136%
136
8
31%
32
34%
11%
45%
39%
45%
*6*2
7%
*6%
7%
31%
*31
*34
*10%
45%
39%
15
43%
34%
*34
34%
*10
12
45% 45%
39% 39%
15% 15%
44% 44%
45%
39%
15
43%
51
63%
58
517ft -497« 51%
647« 62% 65%
*57% 58
58
26%
10%
28
11%
* These are the prices bid and asked ; no sale was made at the Board.
28
50%
63
*57%
*52%
28%
28%
*9
52%
64%
59
54
28%
11
Feb.
Mar.
Feb.
Jan.
Feb.
Feb.
Mar.
Mar.
85% Feb.
117% Jan.
110 Feb.
138% Jan.
124% Mar.
16 Feb.
35 Jan.
45% Feb.
106 Feb.
59 Feb.
28% Mar.
131% Feb.
21% Feb.
56% Jan.
12% Mar.
71% Feb.
21% Feb.
84 Mar.
12 Jan.
37 Mar.
128% Feb.
17% Feb.
90 Feb.
93 Jan.
57 Feb.
58 Jan.
154 Jan.
51 Jan.
86 Jan.
66% Jan.
98 Jan.
17% Feb.
40% Feb.
26% Feb.
104% Feb.
14% Feb.
79% Feb.
110 Feb.
16% Mar.
27 Mar.
29% Feb.
65% Jan.
51 Jan.
15% Feb.
11 Feb.
31 Feb.
17% Feb.
43% Feb.
26% Feb.
56% Feb.
22% Feb.
29% Jan.
30% Jan.
34 Feb.
8 Jan.
37% Mar.
72 Mar.
80 Feb.
30 Jan.
61% Feb.
112 Jan.
55% Jan.
107 Jan.
113 Feb.
23% Feb.
53% Feb.
13% Feb.
23% Feb.
*142
109
62%
12870
45
39%
39
38% 39
38% 39%
37%
37
37%
38
37% 37%
8378 84%
84% 84%
84% 84%
84%
85%
84
84% 84%
101% 100% 100% 100% 101% 101 101% 101% 101% 10070 101%
Range since Jan. 1,1887.
101% 101% 101% 101% 101% 101%
5430 54%
54
54%
54
54%
*108 111
108 108 *108 108%
146% 147
146 146%
7478 76%
75%
75
75% 76%
4330
Tennessee Coal & Iron............
V a r io u s S to c k s , A c . (Uni is ted.)
Amer. Cotton Oil Trust..........
54%
62%
Pine Line Certificates..............
Lake E. & West., pf. when iss.
59%
53
26%
Chic. A Atlantic, beneficiary.
10%
Friday,
Mar. 18.
9,155 35%
5,655 79
4,767 100%
38
880 96%
99% 99% 100 100
xlOO 100
5,170 48%
54% *54% 54% 54% 54%
54%
85 105
110 110 *105 108%
111 111
805 139%
147 147
148 148
75% 76
75% 7578 109,280 70%
75% 76%
Cincinnati Wash. & Baltimore.
*5
Do
pref.
8%
Equitable Gas C o.................... *128
F ort Worth & D enver C ity .. . .
Morris & E ssex............... .".___ 130%
27I4
Quicksilver Mining Co...........
*6%
Do
p re f..
31%
*30
Southern Pacific Co................. *34
Cameron Iron & Coal..............
Columbus & Hocking C oal___
Monday,
Mar. 14.
Highest.
1
5
1
3
3
3
7
8
13
12%
68%
63%
73
43%
Jan. 3
Jan. 13
Jan. 3
Mar. 8
Jan. 3
8
17 Jan. 13
11% Jan. 20
140% Feb. 16
1 92% Feb. 10
8 121% Feb. 25
1 117% Mar. 9
29 142% Mar. 4
18 126% Jan. 6
1 18% Jan. 11
27 41 Feb. 5
1 51% Jan. 7
1 109% Jan. 3
1 65% Jan. 3
14 39% Jan. 11
1 138 Jan. 3
3 28% Jan. 3
24 66 Jan. 13
14 17 Jan. 3
1 82% Jan. 13
1 32 Jan. 3
12 89 Jan. 3
28 16 Mar. 9
18 45 Jan. 3
24 135 Jan. 28
4 24% Mar. 14
1 9608 Jan. 14
15 98 Feb. 8
3 67% Jan. 3
22 65% Jan. 3
5 158% Jan. 3
27 63% Jan. 7
27 93% Jan. 3
6 84% Mar. 3
4 108 Mar. 3
1 20 Jan 3
1 45% Jan. 13
1 33 % J an. 3
1 110% Feb. 25
1 19% Jan. 8
1 8 8 % Jan. 3
1 114% Jan. 17
15 17% Mar. 3
12 30 Mar. 2
1 34% Feb. 25
29 74% Feb. 25
12 64 Mar. 11
4 20% J an. 3
1 14 Feb. 14
1 38% Feb. 14
3 23% Jan. 3
3 54 Jan. 13
1 28% Feb. 25
1 61% Jan. 3
1 29% Jan. 3
24 34% Jan. 3
3 36% Feb. 10
1 42% Jan. 20
27 11% Feb. 18
15 53 J an. 17
12 87% Jan. 17
8 95 Jan. 17
27 34 Mar. 7
2 68 Mar. 11
28 117% Jan. 8
7 63% Feb. 25
10 110 , Mar. 4
1 119% Feb. 19
17 29%'Feb. 25
4 62 Jan. 3
1 19 Jan. 3
1 35 Jan. 3
Feb. 1 40% Jan. 3
Jan. 7 86% Feb. 2
Mar. 14 104% Jan. 15
Feb. 1 47 Jan. 13
Feb. 1 104% Jan. 3
Jan. 8 57% Feb. 10
Feb. 15 115 Feb. 8
Jan. 4 148% Mar. 3
Feb. 1 78% Mar. 9
220 139% Jan. 4 146
106 107 Jan. 5 110%
231 62 Feb. 17 64%
35 126% Jan. 25 130
101 Jan.
33% Jan.
15 Mar.
10 Feb.
35'143 Jan.
100 95 Jan.
5 Mar.
315
7% Feb.
200
3 4 2 1 1 6 Feb.
8.291 21% Feb.
3,676:127% Mar.
251 27 Mar.
6% Feb.
200
800 28 Jan.
30 Jan.
430 29% Mar.
1,300 10 Mar.
1,115 39% Jan.
1,500 35% Feb.
350 13 Jan.
1,600 41 Mar.
1,275
200
47,012
16 .0 7 70 0 0
550
300
2,600
L 300
Feb. IQ
Feb. 16
Jan. 11
Feb. 8
8 102 Feb.
19 53% Mar.
16 19 Jan.
28 15% Jan.
19 146% Mar.
7 104 Feb.
1
7 Jan.
5 10% Jan.
17 128 Mar.
4 32 Mar.
9 141% Feb.
7 31 Jan.
8% Jan.
8
4 33% Jan.
8 35 Jan.
5 36% Jan.
16 17 Jan.
4 49% Jan.
24 41% Mar.
2 15% Mar.
2 54% Jan.
42% Mar. 1 64% Jan.
60 Feb. 16 72% Jan.
52 Jan. 5 63% Jan.
14
18
7
10
14
19
13
14
11
18
11
3
10
12
20
10
7
27
8
15
14
3
11
20
Ma r c h
3(>5
T H E CH RO N ICLE.
19, 1887.]
BONDS-LATEST PRICES OF ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1887
]
Railroad Bonds.
Closing.
|jfor 1] Mar 18
Olosing.
Rangt since Jan. 1.
Lowest.
Highest.
27 a. 25*2 Feb.
29% Jan.
85%
85% Mar. 90 Jan.
105 b. 104% Feb. 106% Mar.
92
90% Mar. 95% Jan.
86 Feb.
90% Jan.
106%b. 105 % Feb. 110 Jan.
113% 107% Jan. 113% Mar.
I13%b. 109 Jan. 113% Mar.
106 b. 105% Jan. 107% Jan.
86 b. 83% Jan.
89 Feb.
113 b. 110 Jan. 116 Feb.
103
99 Jan. 103% Mar.
116
113% Feb. 118% Mar.
113%b. 111% Feb. 112 Jan.
I04%b. 102% Jan. 105 Mar.
¡ l i l i b 113
112 Mar. 113 Feb.
I 77%
77%
76% Jan.
81 Jan.
.1 73 b. 73%a. 73 Mar. 75% Jan.
Exten. eoup..
27 b. 27 Feb.
. 27%
32 Jan.
99 a. 97 «s Jan. 100 Feb.
103 %b. 103 b. 101 Feb. 105% Jan.
116 b. 116 b. 115 Jan. 116% Mar.
104% Jan. 106% Feb.
107
106 Jan. 108 Feb.
97%b. 97 %a. 98 Feb.
99 Jan.
Denver Divis., 4s, 1922.
100 b. 100 b. 98% Jan. 101% Feb.
122 %b. 122%a. 120% Jan. 122% Jan.
I29%b. 128% 128 Jan. 130 Jan.
Consol'.'-Vs» 1905....... .
116 b. 116 b. 115 Feb. 118 Feb.
107% 107% 106% Jan. 109 J an.
106 b. 106
105% Jan. 106% Jan.
103 b. 102% 102% Mar. 103% Feb.
Terminal 5s, 1914.
139%b. 139 b. 139 Feb. 142 Jan.
131% 131 %b. 130 Feb. 133 Jan.
Gold, 7s, 1902..............
119 b. 119 b. 117% Jan. 120 Jan.
pinking fund 6s, 1929..
110 b. 110 b. 108 Jan. 110% Mar.
Sinking fund 5s, 1929.
108 %b. 108 %b.
110 Jan.
108% Jan.
25-year debent. 5s, 1909....... . 107 b. 107 b.
132 %b. 133%b. L30 Jan. 135 Jan.
109
109 %b. L09 Feb. 110% Feb.
Exten. A eoi. 5s, 1934.
120%b. 120 b. 120% Mar. 122% Jan.
Cli. st.P..M.& O.—Consol
126%b. 126%b. 126 Jan. 127% Jan.
St. Paul & 8. C.—1st, 6
100 b. 97 b. 98% Jan. 102 Feb.
110 b. 107 Jan. 111 Mar.
C. C. C. A Ind.—Gen. 6s, 1934 .. I l l
99 b. 98% Feb. 102% Jan.
Col. Coal & Iron—1st, 6s, 1900.. 99
80
78
75 Mar. 88% Jan.
Col. H. Val. A Toi.—Con. 5
75 b. 76%
70 Mar. 91 Jan.
Gen. gold, 6s, 1 9 0 4 ........
119%b. 119%b. L18% Feb. 120% Feb.
78%
1st con. 48,1936 ...................... 77%
76% Feb.
80 Jan.
79 Mar. 81% Jan.
Den. & R. Gr. W .- 1st, 6s, 1911. 81 a. 79
Assented.................................... 74 %b. 74 b. 74% Mar. 78 Jan.
76 b. 75 Jan.
Den. So. Pk. & Pao.—1st, 7s, ’03 76%
80 Jan.
55 % Feb.
Det.Mac.A M.—Ld. gr. 3*28,1911 52%b. 50 b. 49% Feb.
99
E.Ten.V.& G. R y.—Con.,5s, ’56 99
99% Jan.
98% Feb.
Eliz. Lex. & B. Sandy—6s, 1902. 104 b. 105 a.
108 Jan.
131%b. 133 b.
136 Jan.
115
115 b.
Long Dock, 7s, 1893 . . . .
115 Mar.
113%b. 119 b. L15 Jan. 120 Mar.
Con. 6s, 1935................
99
N.Y.L.E.AW—2d con. 6s, e x o . 99%
93% Feb. 100 Jan.
92
Funded coupon, 5s, 1 9 6 9 ... 91%
88% Feb.
92% Jan.
90%
Ft. W. ADenv. C. -1st, 6s, 1921 90%
88% Jan.
91 Mar.
Gal.Har.& San. Ant.—1st, 6s, ’ 10 107 b. 108 b. L06 Feb. 109% Mar.
I l l a. L10% Jan. I l l Jan.
2d M., 7s, 1 9 0 5 ....... .................
West. Division—1st, 5s, 1931. 97 %a.
97 Mar. 100% Jan.
91%b. 92% Jan.
2d, 6s, 1931.............................
92% Feb.
Gr’n B. W. A St. P.—1st, 6s, 1911 100 b. 101 b. 99 Jan. 103 Jan.
41 b. 38 Jan.
2d income 8s, 1911................... 42
42% Mar.
Gulf Col.ASan.Fe—1st,7s, 1909 121%b. 122
122% Jan.
105
Gold, 6s, 1923............................ 105
105 Mar.
Henderson Br. Co.—1st, 6s, 1931 106%b. 106%b.
110 Feb.
H.&Tex.C.—IstM .L . 7s, cou. off 114% 114%b. 1
114% Mar.
108%b. \
1st, West. D., 7s, 1891, eou. off. 109
Mar. 110 Jan.
1st,Waco & N. 7s, 1903, cou. off 113 b. 113 b. i
Feb. 113 Feb.
99 %b. 94 Feb. 100 Feb.
2d, consol. Rf. L. 8s, 1912.......
Gen. inort. 6s, 1921.................. 67 b. 67%
72 Jan.
66% Feb.
1 1 Central—1st, gold, 4s, 1951 106 b. 106 b. .07 Feb. 108% Jan.
1.
98 a. 98 Jan.
Gold,3%s, 1951. . . . . . . . . . . . . . 98
99% Jan.
Ind.BL A W.—lst,pref., 7s, 1900 121%b. 121 b. 1.19% Jan. 124% Feb.
1st, 5-6s, 1909............................ 96 b.
91% Jan.
97 Feb.
2d, 5-6s, 1909........................... 83%b.
77% Jan.
86 Jan.
Eastern Division—6s, 1 9 2 1 ... 95%b. 93 b 91 Jan.
96 Feb.
Income, 6s, 1921...................... 32 b
30% Jan.
34% Jan.
120 b. 1.17 Jan. 121 Mar.
Int. A Gt. Nor.—1st, 6s, gold, ’ 19
96
Coupon, 6s, 1909...................... 96
93 Jan.
98 Feb.
Rent. Centr.—Stamped 4s, 1911 70 %b. 70%b. 64 Jan.
72 Feb.
Knoxv. A O .- l s t , 6s, gold, 1925 96 b. 95 b. 95% Jan. 100 Jan.
LakeSli.—Con. coup.,1st, 7s,1900 126 b. L26 b. 1.25% Feb. 128 Jan.
L23 b. 1.22% Jan. 124 Feb.
Con. coup., 2d, 7s, 1903........... 123%
Long Island—1st, 7s, 18 98......... 122 b. ............ ] 21 Feb. 124 Mar.
1st, consol., 5s. 1931...............
115 a. 113 Feb. 115 Feb.
Lou. A Nash.—Consol., 7s, 1898 120 b. 120%b. 1.19 Jan. 121% Feb.
N. 0. A Mobile—1st, 6s, 1930. 105 %b. L05%b. ] .05 Jan. 106 Jan.
2d, 6b, 19 30 .............
92 b. 92 b. 90% Jan93% Jan.
E. H. A N.—1st, 6s, 19 19......... 114%b. L15 b. ]
Jan. 115 Jan.
General, 6s, 1930................
109 b. L06%a. ]
Jan. 109% Mar.
Trust Bonds, 6s, 1922. . . . . 106%b. L06% 1
108 Feb.
_ 10-40, 6s, 1924.......................... 99 b. L00%b.
Janj. 100 Mar.
Lou. N. A. A C h .- ls t , 6s, 1910. 110 b. L10 b. ]
Jan. 110% Jan.
Consol., gold, 6s, 1 9 1 6 ............. 95%
95 b.
Feb.
97 Mar.
Mem. A Ch’lston—6s, gold, 1924 101 b. LOI b. 1
Jan. 102% Mar.
Metro. Elevated.—1st, 6s, 1908. 118%
L18% 1
Jan. 119 Jan.
2d, 6s. 1 8 9 9 ............ ................. 111 b. L ll% ]
111% Mar.
Mich. Central—1st, con., 7s. ’02 130
L28%b. 1
130 Feb.
M ^ ’n P ac.—1st, cons., 6s,1920 115% 116 a. 1
116% Jan.
3d, 7s, 1906............
125
Jan. 125 Mar.
Eac. of Mo.—1st, 6s, 1888....... 102% I02%b. 1
Feb. 105 Jan.
2d mort., 7s, 1891.................
______1
110 Jan.
01 26
.1 86%
Guar., 4s, 1 9 3 7 .... — --3 105%b
92
ij 90
.¡106%b
.1 1 3 %
113%
¡106 b
J 88%a
Convert, deb. 6s, 19Ö8.. . . . . .
_ ... ■ n . n . . . IT. 1 ÛAÛ o.*n 1113% b
¡103%
|ll7% b
112%b
Railroad Bonds.
Range sines Jan. 1.
Mar 11 Jfar 18
Highest
118 Feb. 121% Jan.
114 Jan. 117 Jan.
101 % Feb. 106 Mar.
132 Jan. 133 Jan.
90 Jan.
86% Feb.
96% Feb. 100% Feb.
83% Feb.
88% Feb.
109% Feb. 113% Jan.
no
108% Feb. 110% Mar.
no
105 b. 105 Mar. 106 Jan.
60 Jan.
66% Mar.
6 2 %b 63%
87 %b. 84% Feb.
89 Mar.
89
131%a. 128% 128% Mar. 130 Jan.
106%b 106%b. 105% Jan. 106% Feb.
133% 133%b. 133% Jan. 134% Jan.
10ti%b 107%
106 Mar. 109% Feb.
Debenture, 5s, 1904.......
132 %a. 131%b. 131% Feb. 133 Jan.
N .Y .A H ar.—1st, 7s, 1900.
96%
99% Feb.
97%
85 Jan.
N. Y .Chic. ASt.L.—1st, 6s, 19!
97 Feb.
97 a 94 b. 70 Jan.
2d mort., 6s, 1923..............
73% Feb.
70 b. 70%
65% Jan.
N.Y. Elevated—1st. 7s, 1 9 0 6 ... 121% 122% 121% Mar. 123 Jan.
N. Y. Lack. A W.—1st, 6s, 1921 127%b. 126 b. 125% Jan. 128 Feb.
107%b. 107 Feb. 110 Jan.
Construction, 5s, 1 9 2 3 ... ....
N. Y. Ont. A W.—1st. 6s. 1914. 107% 107 %a. 107 Jan. 110% Feb.
95 b.
95 Feb.
91% Jan.
72 b. 70 b. 69 Feb.
71% Jan.
112% 113%a. 112 Jan. 114 Jan.
Midland o f N. j . —1st, 6s
82 b. 75% Feb.
86 Feb.
N. O. Pacific—1st, 6s, 1920........ 83
116%b. 115 Feb. 117% Mar.
North.Paoltio—1st,coup.,6s, ’21 117
103% Jan. 107% Jan
Gen’1, 2d, coup., 1 9 3 3 ........... 106% 107
James R. Val. - 1st, 6s, 19 36.. 108 b. 108 b. 106% Jan. 109% F e r
N. Pao.Ter.Co.—1st, 6s, 1 9 3 3 ... 104 %b. 104%b. 104 Jan. 105% Mai,
Ohio A Miss.—Consol., 7s, 1898. 118 b. 118 b. 117% Mar. 119% Jan.
118 Jan. 119 Jan.
2d, oonsol., 7s. 1911.................
L09 Jan. 111% Feb.
Springfield D iv.—7s, 1905 . . . . 112 a.
Ohio Southern—1st, 6s, 1921. .. 105 a. 104 b. L02 Feb. 107% Jan.
41 %b. 42
47% Jan.
40 Jan.
2d,ino., 6s, 1921......... ...........
92 a. 92 Mar.
94% Jan.
Oregon Impr. Co.—1st, 6s, 1910 92
109% 110 b. .08 Jan. 110 Feb.
Ore. R. A N av.C o.—1st, 6s, 1909
Consol., 5s, 1925...................... 103%b. 104 b. .02% Feb. 106 Jan.
.00 Feb. 102% Jan.
Oregon ATransoon.—6s, 1922.. 100% 100%
.10 Mar. 114 Jan.
Peo. Deo. A Evans.—1st, 6s, ’ 20. l l l % b . 112%
85 a.
85 Jan.
81% Jan.
Inoome, 6s, 1920.......................
.08 Mar. 112 Feb.
Evansv. Div— 1st, 6s, 1 9 2 0 ... 108 b. 108
84% a. 84 a. 79% Jan.
85 Feb.
Incom e, 6s, 1920...................
71
72% Feb.
66 Jan.
Rich A All.—1st, 7s, 1920. tr. rec 69%
Richm. A Dan.—Cons., 6s, 1915 112% n o b. 12% Mar. 113% Jan.
107% 107% : 06 Feb. 107% Mar.
Debenture, 6s, 1927 ___
Rooh. A Pitts.—1st, 6s, 1 9 2 1 ... 117 b. 117 b. : 14 Feb. 117 Mar.
Consol., 6s, 1922....................... 113 b. 113 b. 08 Jan. 108 Jan.
............ 10 Jan. 110% Jan.
Rome W. A Ogd.—1st, 7s, 1891.
02 Feb. 104 Mar.
Consol., extend., 5s, 1922....... 103% 103%
106% 106
05% Mar. 107% Jan.
St Jo. A G d .Isl.—1st, 6s, 1925 .
73% Jan.
2d, inoome, 5s, 1925 .............. 71 %a. 69 %b. 71% Jan.
Jan. 114 Jan.
St. L. Alt. A T.H —1st, 7s, 1894. 114 b. 114 b. :
Feb. 111 Feb.
2d, M., pref., 7s, 1894.............. I l l b. 111 b. :
Feb. 108 Jan.
2d., M .,Inc., 7s, 1894............... 107 %b. 107%b. 1
33 Jan.
35 Jan.
Dividend bds, 6s, 1 8 9 4 ............
99%b. 98% Feb. 100% Mar.
St. L. Ark. A Tex.—1st, 6s, 1936 100%
50%
55% Jan.
49% Feb.
2d, 6s, 1 9 36.............................. 50%
Mar. 115 Jan.
St. L. A Ir. Mt.—1st, 7s, 1 8 9 2 ... l l l % b . 11L b. ]
Jan. 114% Mar.
2d mort., 7s, 1897..................... 114% 114 b. ]
96%
99 Jan.
95 Jan.
Gen. R y. A land gr., 5s, 1931. 97
115% Jan.
St. L. A San Fr.—6s., Cl. A ,1906 115 b. 115 b. ]
116% Feb.
6s, Class B, 1906....................... 115 b. 115 b. ]
]
116% Jan.
6s, Class C, 1906....................... 115 b. 115
111 Jan.
Gen’l mort., 6s, 1931............... 110% 110 b. ]
]
104% Jan.
So. Pac., Mo.—1st, 6s, 1 8 8 8 ... 102 b. 102
114% Mar.
St. Paul M. A M.—1st, 7s, 1909. 112 b. ............ ]
120 b. ]
Feb. 121 Mar.
2d, 6s, 1909................................
Mar. 120 Jan.
1st cons., 6s, 1 9 3 3 ................... 118 %b. 118%b. 1
99% Mar.
Do
reduced to 4% s.. 99 b. 99%b. 98 Feb.
96 Jan. 100 Jan.
Shenandoah V al.- 1st, 7s, 1909 96%b. 97%
35 b. 38 Mar. 43 Jan.
Gen’l mort., 6s, 1921............... 38
.061 i Mar. 107% Jan.
So. Carolina—1st. 6s, 1620......... 107%». 106 a. 1
80 Jan.
2d. 6s, 1931....... , ....................... 70 a. 70 a. 80 Jan.
Inc., 6s. 1931...................... ...... 19 b. 19 b. 19 Mar.
28% Jan.
i Feb. 112% Jan.
So. Pac., Cal.—1st, 6s, 1905-12.. 113 b. L12%b. 1
Feb. 110 Feb.
So. Pac., Ari.—1st, 6s, 1909-10.. 110%b. llO % ö 1
106% Mar.
So. Pac., N. M.—1st, 6s, 1911. .. 105%b. 105%b. 1
62%
58 % Feb.
Tex. A Pac.—Inc. A Id gr, 7s. ’ 15 63
66% Feb.
73%
64 Feb.
75% Feb.
Rio Grande Div.—6s, 1930 . . . 73%
65 Mar. 69% Jan.
Gen. mort. A term., 6s, 19 05.. 65 b. 67%
92 Jan..
Tol. A. A. A N. M.—1st, 6s, 1924. 90 %a. 89 b. 89 Jan.
L03 b. 1
Tol.A.A. A Gr.Tr.—1st, 6s. 1921
Jan. 105 Mar
1
Jan. 112 Feb.
Tol. Peor. A West—1st, 7s, ’ 17 . 107 b. L09
95 b. 95 Jan.
99% Jan.
Tol. A Ohio Cent.—1st, 5s, 1935 98
L18%b. 1
Jan. 119% Mar.i
Union P acific—1st, 6s, 1899___ 118%
Jan. 102% Jan.
Land grant, 7s, 1887-9............ 103 %b. L03%b. 1
Sinking fund, 8s, 1 8 9 3 ........... 115 b L15 b. 1
Mar. 120 Feb.
114% Mar.
Kan. Pacific—1 st,6s, 1 8 9 5 .... 113 b. ............1
115 Mar.
1st, 6s, 1896............................ 114% ............1
Jan. 116% Mar.
Denver D iv.—6s. 1 8 9 9 ..___
L17 a. 1
1
1st consol, 6s, 1 9 1 9 ............ 105% 106
107 Jan.
LOI
1
Mar. 107% Jan.
Oregon Sh. Line -1 st, 6s, ’ 22.. 102
99 Jan.
97 a. 97 Jan.
Virginia Mid.—Inc., 6s, 1 9 2 7 ....
60 Jan.
Wab. St.L. A Pao. - Gen., 6s, ’20 49 b. 51 b. 49 Jan.
89 Feb.
95% Mar.
Chicago Divison—5s, 1910 . . . 94 b. 95
Wabash—Mortgage, 7s, 19 09.. 83%b. 82%b. 84% Mar. 88 Feb.
114 Feb.
Tol. A Wab.—1st, ext., 7s, ’ 90 113 b. L12% 1
110%b. 1
Jan. 111% Jan.
1st, St. L. Div., 7s, 1889....... |I l l
L01%b.
Jan. 103% Jan.
2d, extended, 7s, 1893.......... 102%
Mar. 95% Jan.
Con., conv., 7s, 1907.......... 84 b. 87%
1
Jan. 113 Feb.
Great W est—1st, 7s, 1 8 8 8 .... 112%b. L12
L01%b. 99 Jan. 103% Jan.
2d, 7s, 1893............................ 102%
Mar. 112% Feb.
St.L.K.C. A N .—R .eA r.,7s,’95. 110 b. LU b. 1
West Shore—Guar., 4 s................ 102% 102% 1
103% Jan.
Mil. Ur. Sh. A W.—1st, 6s. 1921.
Miohigan Div.—1st, 6s, 1924
Incom e, 6s, 1 9 11...................
Minn. & St. L.—1st, 7s, 19 27..
Imp. A Equip.—6s, 1922___
Mo. K .A T ex.—Con., 6s, 1920.
Consol., 5s, 1920...................
Consol., 7s, 1904-5-6..............
Mobile A Ohio—New, 6s, 1927
1st, Extension, 6s, 1927.. . .
ls tp r e i. debentures,7s . . . . . .
120 b
I16% a
101 b
133 b
89 a
99%
87
110%b
120 b.
115 b.
105 a.
133 b.
89 a.
99%
86 b.
109 %b.
No te - T he letter “ b” indicates price Ind, and “ a” price asked; all other prices and the range are from actual sales.
S T A T E BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Alabama—Class A, 3 to 5 ........1906 108%
Missouri—6s....... due 1889 or 1890
B, 5s............................. 1906 113 115
Asylum or University, due 1892
105 105%
Funding........................1894-1895
68, 1 0 -2 0 .....__________ ...1 9 0 0 104
New York—6s, loan................. 1892
Arkansas—68, funded.*.1899-1900
10
¿s> Little Rock A Fort Smith, iss.
25
30
North Carolina—6s, o ld ............JA J
vs, Memphis A Little Rock, iss..
22% 30
Funding a c t ..... ...................1900
J® Arkansas Central R R ............
,
7%
New bonds, J. A J . ...1 892 -189 8
Chatham R R ..................................
U ni£la~ 78A S °ld ..................... 1890 108% 109%
niuiaiana—'7s, cons..................1914 100
Special tax, Class 1 ............ .........
Stamped, 4 s ...
89% 89%
Consolidated 4 s .................... 1910
Michigan—
7s.......... * .” * .‘.'.1896 108
.* .‘.*
6s.............................................. 1919
Bid.
Ask.
SECURITIES.
Rhode Island—6s, c o u ..1893-1894
South Carolina—6s, non-fund. 1888
Brown consolidated 6s....... 1893
Tennessee—6s, old .........1892-1898
Compromise, 3-4-5-6s........ ..1912
New settlement—6s........... .1913
5 s . . . . . ................
1913
22
3s.............................
1913
10
Virginia—6s, old ....... ........................
6s, consolidated bonds.................
13%
13
100 %
6s, consolidated, 2d series..........
125% 126
6s, deferred, trust r e c................... j
107%
112
115
115
118
35
12
Bid.
Ask.
116
6%
7%
109%
65
66
76
106% n o
102%
78
78%
48
90
65
*13%
13
T H E CH RO N ICLE.
366
[Vox-. XLTV,
BONDS—STOCK EXCHANGE QUOTATIONS ON FRIDAY OF INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
A sk.
SECURITIES.
Bid.
A sk.
SECURITIES.
Bid.
Ask.
Union Pacific—( Continued)—
E rie—(Continued) —
Railroad Bonds.
Atch. J. Co. & W.—1st, 6 s .1905
106
2d, extended, 5 s ................... 1919' 112*2 115
(Stock Exchange Prices.)
Ut. So.—Gen., 7 s ......... ....1 9 0 9
90
3d, extended, 4*28......... ....1 9 2 3 105
Atch. Top. & S m. Fe—4*ss ...1 9 2 0
Exten., 1st, 7s ................ 1909
115
90
4th, extended. 5s...................1920
Sinking fund, 6 s ..................1911
St. Louis & San Francisco—
105
5th, 7 s ..................................... 1888
125
Balt. & 0 1 iio -ls t6 s , P arkB ..1919
1st, 6s, Pierce C. & 0 ......... 1919 *108
127
1st, cons., fd. coup., 7a....... 1920
5s, g o ld ............................... ..1 925 110 HOia
Equipment, 7 s ..................1 8 9 5 104*2
Reorg., 1st lien, 6s............... 1M08
Registered...........—
Kan. City & S.—1st, 6s, g.1916 101 104*2
B. N. Y. & E . - l s t , 7 s .......... 1916 137 "
Ö5"
Bost. H. Tun. & W.—Deb. 5s... 1913 93
Ft, S. & V .B . Bg.—1st, 68.1910
109
99*2
N. Y. L. E. & W.—Col. tr., 6sl9 22
Bnrl. Cedar Rapids & Nor—
St. L. K.&So.W n.—1st, 68.1916
Buff. & S. W.—Mortg. 6 s .... 1908
1st 5 s ...................- .................1906 108
Tex. & P ac.—1st, 6 s ..----- 1905
100 Evan. & T. H.—1st, cons., 68.1921 118 111
Consol. & col. tr, 5 s . . . ......... 1934
1st, 6s, ox cou p on .. . . . . . .
Mt. Yernon—1st, 6 s .. . . . . . . . 1923 110
R egistered.........................- - - - •
Consol., 6s........................... 1905
Evans. & Indian.—1st, c o n s...1 926 108
Minn. & St. L .—1st 7s, gu -1 9 2 7
Con. 6s, ex cou p on ................
*122 125
F l’t & P. Marq.—Mortg., 6s. ..1 9 2 0
Iow a C. & W est.- 1 s t 7 s — 1909
98*2)102*2
Trust receipts....................... .
90
92*2
Grand Rap. < Ind.—Gen. 5s.. 1924
fc
105 110
Ced. Rap. L F . & N , 1st 6s. 1920
Pennsylvania R R .—
R egistered............ .
1st 5 s .................................... 1921
Pa. Co.’s guar. 4*28,1st c p .. 1921 104% 105%
Han. & St. Jos.—Cons., 6 s ...... 1911 iíóis 119%
Buff. N.Y.& Phil.—Cone. 6 s ... 1921
Pa. Co.’s 4*28, reg ..................1921 *104
.05
69
iHous. E. & W. Tex—1st, 7 s . ..1898
Trust certificates................. .
Pitts. C. &St.L.—1st, op.,7s. 1900 119
Illinois Cent.—
......
General 6s,.............................1 9 2 4
Registered.................... .
117*8
Spd. D iv.—Coup., 6 s ...........1 8 9 8 117
Trust certificates...............
2d, 7s..................................
Middle D iv.—Reg., 5 s ......... 1921
Central Towa—
Pitts. Ft. W. & C.—1st, 7s. ..1 912 Í4 Ó " 142"
C. St. L. < N. O.—Ten. 1.,7s. 1897 l i ó "
fe
70
Eastern Division—1st 6s. ..1 912
2d, 7s.................................,
139*2
1st, consol., 7s ....................1897 118
Illinois Division—1st 6s....... 1912
134*2
1907 118
2d, 6 s............
Chesapeake & Ohio—
_
129
L30*¿
Gold, 5s, co u p o n ............... 1951 115*2 116*2
6s, gold, series A ...................1908 109
107
4th, sink, fd., 6s.
R egistered................... .
Ch.es. O. & So. West.—
118
Dub. & S. C.—2d D iv., 7s - -1 8 9 4
05
2d 6s............ ............................1911
107
Ced. Falls & Minn.—1st, 78.1907
lA ’ W
Chicago & A lton—
125ia Indianap. D. & Spr.—
Sinking fund, 6 s.....................1903
.
1st, 7s, ex. fund, cou p on — 1906 106*4
Louis. & Mo. River—1st 7 s.. 1900
Lake Shore & Mich. So.—
2d 7 s......................................1900
........
Cleve. P. & A.—1 s ................ 1892 115*2 115%
7
St. L. J a ck s.* Chic.—1st, 7 s .1894
Buff. & Er.—New bonds, 7s. 1898 123*2
1st, guar. (564), 7 s ............ 1894
Richmond & DanvilleKal. & W .Pigeon—1st, 7 s ... 1890
2d mortg. (360), 7 s............ 1898
105 106
Assent deb.. 6 s . . . . . .
Det. M. & T.—1st, 7 s ............ 1906 *126*4
'
2d, guar. (188), 7s.............. 1898
96
126
Lake Shore—Div. bonds, 7 s .1899
Miss. R. B ridge—1st, s.f. 68.1912 109
*114
Consol., reg., 1st, 7 s .........1900 126* 127
Chic. Burling. & Quincy—
>*101
Consol., reg., 2d, 7 s . . . . . . .1903 123 124
Consolidated, 7 s ................... 1903 13013 132
.........
Scioto Val.—1st, cons., 7s----Mahon’g. Coal RR.—1st, 5s. 1934 104
6s, sinking fu n d ..................... 1901
* 60
65
Coupons off...........................
Long Island RR.—
_
Iow a Div. - Sink, fund, 5s. .1919
St. Louis & Iron Mountain—
N. Y . & M. Beach—1st, 7 s .. 1897
99*2
Slukingfund, 4 s ................ 1919 99
112*4 114
N. Y. B. & M. B .—1st, g., 58.1935
Plain, 4 b ..... ........................ -.1921
106*4 106*9
Louisville & Nashville—
Chic. Burl. & N o .-D e b . 6s-----1896
7 111 114
Cairo Ark. & T .—1st, 7 s...
112
Cecillan B r a n c n - 7 s ............ 1907
13313 135
Chi. R. Isl. & Pac.—6s, c o u p ..1917
St. L. A lton & Ter. Haute
Pensacola D iv.—6 s....... . ..1 920
133
R egistered....................... - ••v i 5 120
St. Louis D iv.—1st, 6 s .........1921
E xt. & Col., 5 s ......................1934 109*2 110*4
3 110 113*2
2d 3g....... ........................... 1980
R egistered..........................
st. Paul Minn. & Man.—
122
Nashv. & Decatur— 1st, 7 s.. 1900
Keok. & Des M.—1st, 5s — 1923
0 ........
Dakota Exten.—6s....... .
S. & N. A la .-S . f., 6 s ...........1910
Chicago Milwaukee & St. Paul—
2 112
Min’s Un.—1st, 6 s ..............
Louisv. C. & L.—1 -----.....1 9 3 1
6s
1st, 8s, P. D ............................1898
1 110*2 .......
St. Paul & Duluth—1st, 5 s..
Pens. & A t.—1st, 6s, g o ld .. 1921
2d, 7 3-lOs, P. D ...................1*98
Sodus B ay & So.—1st, 5s, g ...l 9 2
Lou. N. O. & Tex.—lBt, 5 s .. . . 1934
130
1st, 7s, $ g „ R. D ..................1902
9 78 "¿i"
Tex. Central—1st, s. f., 7a ..
Manhat. Beaoh Imp. C o .-7 s .1 9 0 9
119
1st, La Crosse Division, 7 s .. 1893
1 78
I 1st mortg. 7 s ......................
M exican Central—1st, 7 s ....... 1911
1st, I. & D .,7 s ........................1899
5 115
Tex. & N. O.—1st, 7 s............
E x coupons 6 ,7 , 8 .................----131
1st, O. & M ., 7s.......................1903
2 100*2 102
Sabine Division, 1st, 6 s ...
60
59
New assented, 4 s . . . ..............1311
131
1st, 7s, I. & D. E x t............... 1908
6 *........ 95
Vir. Mid.—Geni. 5s...............
Incom e b o n d s....................... 1911
1st, S. W. Div., 6 s............ .1909
Wal>. St. Louis & Pao.—
Mich. Cent.—1st, con., 5s........ 1902 ilÓ'
1st, 5s, L« C. & D a v ............. 1919
0 .......
124
fifi
.......................lyOli
126
1st, H. & D . , 7 s ..................... 1910
1 .......
Coupon, 5 s ..........................-'JnQi
1st, H. & D .,5 s ...................... 1910
1 85
Registered, 5s.......................1931
Chicago & Pacific Div., 6 s ..1910 118*2
1 .......
104
Jack. Lan. & Sag.—6s - - —
Chic. & Mo. Riv. Div., 5s . ..1926
3 .......
Milwauk. & North.- 1 s t , 6 s ...1 9 1 0 108*2
Mineral Point Div., 5s.........1910
0 .......
Quin. & Tol.—1st, 7s.
Extension, 6 s ........................ 1913 106 108
C. & L. Sup. Div., 5 s............ 1921 104
9 .......
117*2 Milw. Lake S. & West.—
Fargo & South., 6s, Assu ...1 9 2 4
2 .......
Ashland D iv.—1st, 6 s ---.--.1 9 2 5
Dakota & Gt. South., 5s.......1916
St, L. K. C. & N . Minn. & St. Louis—
Chicago & N o rth w e ste m 9 ....... 120
Omaha Div.—Tr. Co. re
119
Iow a Ext.—1st, 7 s................ 1909
95*8
Extensiou bonds................... 1926
9 *....... 71*9
Clarinda Branch—6s..
2d m ortg., 7 s ......................... *831
119
Escanaba & L. S.—1st, 6 s .. .1901
110
St.Charles Br’ge—lst,6 s.l9 0 8
Southwest Ext.—1st, 7s ....1 9 1 0
Des M. & Minn. -1 s t , 7 s ---- 1907
No. Missouri—1st, 7 s .........1895 116*2 117
110
Pacific E x t.—1st, 6 s -----....1 9 2 1
Iow a Midland - 1st, 8 s .........1900 133*2
Wab. St. L. & P ac.—Iowa Div., 6s.
Minn. & Pac.—1st mortg. 5 s ..1936 102
Peninsula—1st, conv., 7s — 1898 121*2
60
Trust Co. r e ce ip ts..........................
Minn. & N. W.—let, 5s, g old .. 1934 103 103%
Chic. & M ilwaukee—1st, 7s. 1898 122*2 125
West. Union Tel.—Coup. 7 s .. .1900 119
Missouri Kan. & T.—
130
Win. & St. P . - 2d, 7s............ 1907
Registered..............................----86
Cons., 2d, in com e..................1911
Mil. & M ad.—1st, 6 s .............1905 115
N. W. Telegraph—7 s ................1904 ÍÓ2
H. & Cent. Mo.—1st, 7 s....... 1890
Ott. C. F. & St. P . - l s t , 5 s.. 1909 107*2 108*2
Wheeling & L. E., 1st M. 5s. .1926
Mobile & Ohio—
Northern 111.—1st, 5 .............1910 107
Tenn. C. I.& R ’y .—Consol., 6s. 1901
Collateral trust, 6 s ............... 1892
Cin. I. St, L. & Chicago—
4 I South Pitts.—1st, 6 s ............ 1902
St. L. & C a iro-4 s, g u a r----- 1931
1st, gold, 4 s ..................... ..1 9 3 6
Bir. Div.—1st eon. 6s............1917
110
Morgan’s La. & T.—1st, 6 s ....1 9 2 0
R egistered............ .........
Col. & Hock. Coal & I.—6s, g ..l9 1 7
1st 7s ..• • • __________ . . . 1 J18 122 124
••
Cl. Col. Cin. & Indianap.—
In com e B on d s.
Nash. Char. & St. L.—2d, 6 s.. 1901 109*2 110*4
123 125
1st, 7s, s. f d .................................1 899
(Interest payable ij earned.)
N. Y. C e n t r a l-6 s ..................... 1887 102 102 %
129
Consol. 7 s ................................... 1914
Atlantic & Pacific—
N .J. June.—Guar. 1st, 48....... 198b 103
Consol, sink, fd., 7 s ...................1914
23
Central Division—In com e..1922
Registered certificates.................
Chic. St. Paul M. & O.—
Cent. Iow a—Coup, d ebteertf’s.......
N. Y. P. & O.—Prior lien, 6 s .. 1895
*125
, Chic. S. P. & Minn.—1st, 6s. 1918
Chicago & East 111. -I n c o m e .. 1907
126*2 N. Y. & New Eng.—1st, 7 s---- 1905
No. Wisconsin—1st, 6s.........1930
Des M. & Ft. D .—1st inc., 6 s .1905
1st, 6 s .....................
-----1 9 0 5
117
Chic. & E. 111.—1st, s. f., cu r.. 1907 116
91*2 Det. Mack. & Marq.—I n c ....... 1921
N.Y. Susq.&West— 1st,r e f.5 s .1937 91
Consol., 1st, 68.......................1934 116
Eliz. City & Nor. - 2d i n c .......1970
113
N. Y. N. H. & H.—1st, reg. 4S.1903
117
Chic. & W. I u d .- l s t , s.f., 6 s ..1919
Ind’ap. Dec. & Spr.—2d in c .. 1906
Northern P acific—
General mortgage, 6 ............ 1932 113
40
Trust receipts............... .
Book. & P al.—1st, s. fd., 6s. 1936 106*2 107
ISO*
Chic. & St. Louis—1st, 6s....... 1915
Leh. & WilkesD. Coal................ 1888 95
117 120
St. Paul & N. P.—Gen., 6 s.. 1923
Col. & Green.—1st, 6s.............. 1916
Lake Erie & W e ste rn -- ---R egistered..................
. 2d, 6s........................... .......... 1926
Incom e 7s............................... 1899
110
N. O. & No. E .- P f . 1., g., 6s --1915
D el. Lack. & W e s t Sandusky D iv.—Incom e — 1920
Norf. & W.—Gen., 6s.......... ...1 9 3 1 112
Convertible 7 s . . . .......... .....1 8 9 2
Lafayette Bloom ’gton & Muncie—
New River—1st, 6s....... ........1932
137
Mortgage, 7 s .......................... 1907
Incom e 7 s . . . .......................... 1899
Imp. & Ext., 6 s.................. -.1 934 "97* 100
Syra. Bing. & N .Y .—1st, 78.1906 131*2 135
Mobile & Ohio—
Adjustment M., 7 s ................ 1924 100
Morris & E ssex—1st,7 s— ..1 9 1 4 142 143
30
2d pref. debentures.....................
110 110*2 Ogd. & Lake C h .- ls t , 6s . . . . . 1920 100
2d, 7 s . . . . ..............................1891
3d pref. debentures.....................
Ohio & M iss—Cons., s. f., 7 s ..1898 118
Bonds, 7 s . . . ......................1 9 0 0
4th pref. debentures.....................
90
Generai 5 s ..................... - - - - *932
7s o f 1871........................... 1901 i’a é” Ì3Ò
N .Y. L. E. & West.—Inc., 6 s..197
Ohio Cent.—1st T*-r. Tr., 6 s ... 1920
135 136
1st, eon., guar., 7 s ................. 1915
Ohio Central - Min. Div.—
110 110*4 Min. D iv.—1st, 6 s ..................}9 ^ 1
Del. & H ud. Canal—1st, 7 s ... 1891
Incom e 7s................................1921
Oregon & C a i.- ls t , 6 s ............ 1921
1st, ext., 7 s.......................... ..1 891
Oerdensburg & Lake Champlain—
Oregon R y & N .- Deb., 7 s — 1887
Coupon, 7s,............................. 1894 *118*2
Inooine.....................................1920
Panama—Sink, id , sub., 6 s ...1910 * 92*2
Registered, 7 s..................... 1894 *116
58
Roch. & Pittsb.—In c o m e ....... 1921
Peoria & Pek. U’n—1st, 6s-----1921
1st, Pa. Div., coup., 7s.........1917 138*2
St, L.I.M.&S.—1st 7s, pf., int. acc’t.
2d M.. 4*28..............................1921
R egistered.................................... 138*2
Sterling I. & R ’y. series B.—I n c .’94
Pacific RR. - Central Pacific—
Albany & Susque.—1st, 7 s.. 1888 104*2
Plain income 6s..................... 1896
Gold bonds, 6 s................... 1895
130 131*2
1st. cons., guar., 7 s ............... 1906
Gold bonds, 6s............. ....1 8 9 6 114 116*2 Shenandoah Valley—Inc. 6 s.. 1923
R egistered...............................
F r e e L is t .
Gold bonds, 6s......... ......... 1897 115 116*2
Í22 123
1st, cons., guar., 6 s ............... 1906
Cin. & Sp.—1st M.C.C.C.& 1.78.1901
Cal. & Oregon—1st, 6s — 1888 100
R egistered............................ .. 121*2 122*2
1st M. g ., L. S. & M. S.. 7 s .. .1901
Cal. & Oregon—Ser. B., 6 1892 103
"99*9
Rons. & Sar.—1st, coup., 7s. 1921 143
East & West, Ala.—1st, 6s — 1912
West. Pacific—Bonds. 6 s — 1899 112
R egistered................................... 143
79
Gal. H. & H. o f ’82—1st, 5 s ..1913
No. R ailway (Cal.)—1st, 6s. 1907 120 121
Det. Mack. & Mar.—
101% 102*9
Jefferson R R .—1st. 7 s.............1889
Union P ac.—1st, 6s.....„ ..1 8 9 6
130
1st, 6 s ......................................... 1921
Mem. & Cbar.—1st, Tenn. hen 7s
1st, 6s...................................1897 Ü7* 118
Det. B ay C. & A lp.—1st, 6 ....1 9 1 3
Mil. & Lake Winn.—1st. 6s-----1912
1st, 6s...................................1898 117*2 118
E. Tenn. Ya. & Ga.—1st, 7 s ...1900
N. Jersey South.—Guar. 6 s ...1899
Col. Trust, 6 s . . . . . .............. 1908 *106
Divisional 5s.............. . .... ..1 9 3 0 *106
N.Y.Woodh. & Rock.—2d inc.. 1 9 12
Col. Trust. 5s.......................1907 100 106
Eliz. C. & N.—S .f., deb., 6s. ..1921 . . . .
Pitts. Brad. & Buff.—1st, 6s - .1911
O. Br. U. P.—F. 0., 7 s ....... 1895 105
1st m ortg., 6 s ............................ 1920 . . . . . .
Atch. Col. & PaC—1st, 6s. 1905 105 106*2 Valley R R ., O.—Con. gold 6s .1921
E rie—1st, extended, 7 s ..........1897 *121*2
, No price F riday; these are latest quotations made this w tek.
JTHE CHRONICLE,
19, 18&7.J
March
New York City Banks.—The following statement show s the
of the Associated Banks of New York City for the
vreek ending March 12, 1887 :
con d ition
Banin.
Ancrage Amount of—
Net Deposits
Legai
other
Specie.
Tenders. than Ü.S.
Loans and
Discounts.
9
N ew T o r t . . . . . . . . . 11.250.000
8.803.000
Manhattan C o ........
6.866.700
M erchants’ .............
8.740.000
M echanics’ .......
Am erica................... 11.204.10)
3.155.000
P henlx.....................
8.356 400
City............- ..............
2.717.600
Tradesmen’ s ...........
1.232.400
F u lton . . ..................
Chem ical................. 19,902.300
3.118.900
M erchants’ E x c li.
5.718.000
Gallatin N ation a l.
1.945.300
Butchers’ & D r o v .
1.733.000
M echanics’ & T r a .
1.220.000
G reenwich...............
3.419.100
leath er M a n u f’r s .
1.403.900
Seventh W a r d ........
3.793.300
State of N . Y .........
Americ’n E x c h ’ ge. 17.110 000
8.768.800
C om m erce...............
5.572.800
Broadway.........
6.982.000
M ercantile...............
2.446.000
P a cific.................. .
8.455.900
B epablic......... ........
4,e88,800i
Chatham..................
1.999.100
Peoples’ ....................
3,111,500!
North A m e r ic a —
H anover.................. 11,264,100i
3.100.000
Irving.......................
2.838.600
Citizens’ ..................
2.780.000
Nassau.....................
2.931.400
Market,....................
2.109.300
St. N icholas...........
3.177.000
Shoe & l e a t h e r .. .
6.419.400
Corn E x c h a n g e . . .
4.659.200
Continental.............
2.280.100
O rien tal..................
Importers’ & Trad . 21,800,800
Park........................ . 20.857.700
1.915.000
North R iv e r ...........
1.226.400
East R iv e r..............
Fourth N a t io n a l.. 19.100.000
9.075.000
Central N a tio n a l..
3,338,100
Second N a t io n a l. .
5.698.600
Ninth N a tio n a l....
First N ation a l........ 23.372.700
5.354.600
Third N ational___
1.439.400
N. Y. Nat. E x c l i .. .
2.643.300
B o w e r y ..................
2.231.900
N. Y. C ou n ty.........
2.613.300
German- A m eric’n .
6.188.900
Chase N a tion a l. . . .
3.567.500
Fifth A v e n u e ..........
2.607.200
Gennan E x c h ’n ge.
2.365.500
G erm a n ia .......___
6.403.800
United S t a t e s ......
Lincoln_________ _
2.591.300
1.691.900
Garfield....................
1.504.700
Fifth N ational.......
3.727.600
B’k of the M etrop .
1.904.500
West Side............
2.223.600
Seaboard ................
1.905.200
Sixth N a t io n a l....
Total...
2.550.000
1.834.000
1.318.200
1.752.000
1.477.800
609.000
4.6H8.900
887.600
616.600
8.129.900
789.500
471.600
434.100
110.000
134.600
457.800
414.300
607.800
2.984.000
2.451.300
1.089.300
1.707.400
654.000
1.924.300
1.088.900
214.500
395.500
3.425.900
708.200
555.200
114,COO
711.200
179.200
697,001
>
798.100
1.290.400
250.300
5.201.500
5.791.200
93,000
265.POO
4.028.000
1,421, COO
764.000
1.261.900
6.856.200
1,612,600
223.300
358.300
485.800
375.300
1.348.500
915.700
240.000
150.500
1.447.500
696.500
417.700
360.700
1.091.200
301,900
424.600
513,400
9
400.C00
199.000
772.600
445.000
419.800
91.0001
329.000
205.600
91.400
319.800
284.400
467.500
64.400
281.000
129.400
168,000
49.400
241.300
1.165.000
875.800
275.600
425.700
101.700
344.800
216.400
72.700
252.500
462.700
165.400
171.000
890.500
104.100
69,000
189,COO
170.000
471.500
230.200
1,208,200
9*1,600
146.000
89,800
1.302.000
943.000
232.000
298.400
673.300
196.000
126.300
315.000
218.400
78,900
256.800
105.700
200.000
677.400
27.700
125.300
138,900
163 000
166.600
227,800!
159.400
125.300
10.700.000
8.814.000
7.042.100
7.725.000
9.298.800
2.875.000
10,639,100
2.326.800
1.628.800
22,855,700
3.645.200
4.268.100
1.937.900
1.959.000
1.240.700
2.608.500
1.481.500
3.671.100
14.929.000
12.763.000
5.180.000
7.847.500
2,754,00)»
8.965.800
6.034.700
2.365.600
3.635.200
13.116.200
3.221.000
3.004.900
3.161.800
2.648.800
1.769.000
3.418.000
6.752.900
5.723.500
2.250.000
24.299.200
25,426,500
2.097.000
1.083.700
20.295.000
9.428.000
4.133.000
6.216.200
24,177.300
5,929,00.)
1.283.100
2.657.200
2.764.400
2.302.900
6.255.400
3.807.700
3.093.200
2.667.500
5.807.100
3.185.200
1,942 600
1.730.700
4.627.700
2.181.000
2.283.100
2.250.600
....... 369.501,000 84.100.700 19,942,000 384.181.000
*
45,000
45,000
261,000
eò'.òbo
102,200
«17,600
229,800
2,600
538,500
44,000
1,014,700
45,000
44,600
816,700
45,000
46.000
150,200
45.000
432,100
447,000
49,500
982,800
45,000
2*23,800
360,000
45.000
41.000
45.000
277,700
201,600
223,500
180,000
45,000
45.000
44,200
45.000
133,000
7,667.800
The following are totals for several weeks past:
1887.
Loans.
Specie.
$
9
L. Tenders.
Deposits.
Circulation Agg. Clear'gs
9
9
9
9
Feb.26 368,418,500 87,068,800 21.189.900 887.462.800
Mar. 5 369.487.000 85.278,200 20,141,300 385.325.800 7.606.700 495.390,806
“ 13 369.501.000 84.100,700 19.942.900 384,181,000 7.617.700 698,413.889
7,667,800 664,800,393
RAILROAD EARNINGS.
The latest railroad earnings and the totals from Jan, 1 to
itest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading “ January 1 to latest date” fur
nish the gross earnings from January 1 to, and including
the period mentioned in the second column.
Latest Earnings Reported.
R oads.
Week or Mo
Atch. T. A 8. F . .
Balt. & Potomac
BuH.n .Y.a pim.
Buff. Roch. APitt
Bnr.Ced.R.ANo.
Cairo V. & Ohio.
Cal. Southern
iCamden & A tl’c
Canadian Paciüe
Cp-P’r&Yad.Yal
Central Io w a ...
Chesap. A Ohio.
Eliz.Lex.AB.S.
Chea. O. & s. W .
Chic. A Atlantic
Chic. Bur. & Q ..
Chio. A East. ill.
Chic. Mil. &St.P.
Chic. & N’thw’n.
Chic. & o . Riv
Chic.8t.P.M.&0 .
Chic. <feW Mich.
.
JCin. Ham. & D
Cin.Ind.St.L.&C.
Cln. N. O. AT.P.
Ala. Gt. South.
Ori. & N. E.
Vicksb. A Mer.
Vicks. Sh. A p.
Erlanger Syst.
February .
January ..
2 d w k Mar
2d w k Mar
lstw k Mar
2d w k Mar
February .
January ..
2d wk Mar
February..
February .
F e b ru a ry .
February .
February .
2d w k Mar
January ..
ls tw k Mar
2d wk Mar
J anuary...
3 wks Jan.
January ...
lstw k Mar
2d wk Mar
1st w k Mar
lstw k Mar
1st wk Mar
1st wk Mar
1st w k Mar
ls t w k Mar
1st wk Mar
♦And Branches.
1887.
1886.
Jan. 1 to Latest Date.
1887.
,223,670 1,057,407 2,509,827
107,127 101,091
107,127
45,500
45,600
457,809
36,582
27,368
305,498
55,832
60,3 69
476,515
12,126
10,736
133,928
112,150
47,055
229,62a
29,843
25,658
29,843
127.000 125,000 1,392,493
23,875
19,963
44.588
98,419 101,445
207,865
290,630 273,241
607,222
63,631
68,933
145,584
124,350 113,630
269,95
44,325
29,451
377,179
,985,385 1,380,963 1,985,385
38,764
43,599
340,667
440.000 436,917 3,866,000
,723,173 1,328,107 1,723,173
4,395
5,747
5,747
371,701 339,521
371,701
25,714
28,192
201,99.'
62,299
54,080
578,429
48,634
50,780
4 i9 ,0 5
57,860
575.902
53,808
25,373
22,860
277,669
10,955
10,506
134,590
9,374
106,472
8,499
8,664
6,391
115,618
112,226 1 0 2 ,0 6 4 1,210,251
1886.
1,919,610
101 ,09 1
431,935
285,042
440.943
96,680
73,719
25,658
1,242,816
37,885
181,874
534,410
122,909
230,896
275,506
1,380,963
303,789
3 ,8 8 9 ,4 9 2
1,328,107
4,395
339,521
207,793
515,956
445.943
459,816
213,403
124,148
99,558
92,334
989,259
367
Latest Earnings Reported.
R o ad s.
WeckorMo\
1887.
13S6.
Jan. 1 to Latest Date.
1881
$
63.670
6,902
6,813
Cin.Rlch. AFt.W. ls t w k Mar
33 -,00 6
42.220
44.370
Cln. W ash.* Balt 1st w k Mar
83,421
9,457
10.098
Clev. Akron A Col 1st wk Mar
27,465
27,465
20,830
Clev. A Canton. January..
547,102
265,755 281.186
Clev.Col.C. A Ind February
59,396
5,951
6,100
Col. A Cin. Mid. 1st w k Mar
404,831
195,075 154,062
Col. Hock.V.AT. February
7,666
5,4271
7,666
Col. A Rom e .. January ,
14,412
14,412
15,234
Danb’y AN orw k January ..
Denv. A Rio Gr 2d wk Mar 135.000 110,486 1,352,590
145,239
73,680
61,006
Denv. A R . G. W. February .
57,106
7,915
6,730
Des. Mo. A Ft.D. ls t w k Mar
23,767
10,433
23,767
Det.BayC.AAlp. January ..
179,833
22,396
21,418
Det. I lans’gA No. 2d wk Mar
34,944
4,39(
3,090
Det.Mao.A Marq 1st w k Mar
89,009
905,158
83,106
E.Tenn. V a. AGa. ls t w k Mar
38,993
5,413
3,134
Evans. AInd’plls 1st wk Mar
16,294
123,540
14,786
Evansv. A T. H. ls tw k Mar
392,901
48,006
40,526
Flint A P. Marq. 1st wk Mar
19,662
182,585
17,243
Fla.R. & Nav. Co 4th wk Feb
86,726
14,002
5,785
Ft. W. A Den.City 1st wk Mar
17o,408
74,824
66,209
Georgia Pacific,. February
329.865
38.173
35,718
Gr. Rap. A Ind.. 1st wk Mar
Wk Mar. 5 308,482 291,317 2,650,507
Grand Trunk
30,710
30,710
18.965
Gn.BayW .ASt.P January ..
375,264
Gull Col. A S. Fe February . 186,183 135,788
442,919
42.920
41,569
Hous.ATex.Cent tst wkM ar
□1.Cent. (111.ASo) February . 796,481 857,753 1,716,442
16,254
7,422
11,148
Cedar F. AMin February .
126,044
58,960
70,180
Dub. ASloux 0 February .
84,977
48,452
40,410
la. Falls A S.C F ebruary.
227,275
Tot. Iow a lines February . 106,792 129,779
Total all lines. February . 903,273 987,532 1,943,717
440.2 4
54,938
56,426
Ind. Bloom . A W . 1st wk Mar
69,550
28,567
31,998
Ind. Deo. A Spr. February .
117,576
60.000
23,885
Jaok. T. A K. W. February .
462,712
42,791
46,225
K. C.Ft.S. AGulf. ls tw k Mar
34,286
348,358
33,158
Kan. C. Sp. A M. ls t w k Mar
44,217
3,578
5,548
Kan. C. Cl. A Sp. lstw k Mar
47.414
23,096
22,185
Keokuk & West. Februaiy .
240, r 03
31,626
27,799
LakeE. A West. 1st wk Mar
40,591
19,665
15,334
Lehigh A Hudson February .
67,436
67,436
43.921
L. Rk.AFt.8mith January ..
48,669
49,053
410,048
Long Island....... 2d w k Mar
128,864
12,316
12.220
Louis. Ev.ASt.L. 4th wk Feb
Lonlsv. A Nashv. 1st wk Mar 300,290 272,320 2,694,073
321,480
30,759
39,481
Lou.N. Al. AChio. ls t w k Mar
390.268
172,225 137,820
Louisv.N.O. AT. February
Manhattan E l... F ebruary. 596,420 547,568 1,250,067
71.414
7,084
7,373
Mar.Hough.A O- 1st w k Mar
32,492
32,189
313,426
Memphis AChas. lstw k Mar
992.110
78,117
93,500
♦Mexican Cent’ i. 2d wk Mar
45,881
45,881
44,815
♦Mex.N. (N. Div) J a n u a ry ..
23,213
169,769
22,975
do
(So.Div) 4th wk Feb
139.3 8
139,328 122,233
do
all lines January ..
30,603
4.965
4,362
Michig’n A Ohio. 4th wk Feb
394,9i»6
31,240
50,019
Mll.L.8h.A West. 2d wk Mar
164,449
13,183
19,281
Milwaukee A No 2d w k Mar
73.695
117,845
117,845
Minneap.ASt. L. January ..
144,813
5,412
15,897
Minn. ANo. West. ls tw k Mar
38,585
36,866
84.928
Miss. A Term. .. February .
436,514
Mobile A Ohio. . F ebru ary . 200,499 167,139
491,555
Nash.Ch. ASt.L. February . 249,461 184,652
N. Y.Cen. A H .R .. February . 2,454,831 2,287,839 5,169,541
90,922
10,206
8,748
N. Y. City A No. Wk Mar. 5
cN.Y. L. E. A W January .. 1,358,362 1,254,112 1,358,362
509,861
509,864 408,076
N.Y.PenmA O. January .
298,771
N.Y. A New Eng January .. 298,771 266,934
221,642
22,361
23,269
N.Y.Ont. A W ... 2d wk Mar
84,596
81,650
84,596
N .Y . Sns. A W .. January ..
633.391
77,494
59,775
Norfolk A West. 1st w kM ar
514,947
514.947 400,123
Northern Cent’i. January ..
Northern Paoific 2d wk Mar 194,645 166,488 1,454,629
295,219
Ohio A M iss....... January .. 295,219 274,180
99,404
43,979
45,928
Ohio Southern.. February .
274,259
Oreg. R. A N. Co. January .. 274,259 234,618
January .. 3,851,771 3,421,536 3,851,771
Pennsylvania...
170,174
13,406
18,431
Peoria Dec. AEv. 2d w k Mar
260,052
260,052 218,830
Phila. A E rie___ January ..
Phila. A Read’g January .. 1,570,821 1,304,178 1,570,821
Coal A Iron Co January .. 1,037,750 914,360 1,037,750
697,629
Rlohm’d ADanv. February . 369.000 346,513
214,719
99,588
97,000
Va.Midl’d Div. F eb ru a ry .
84,912
144,476
75,900
Char.Col.AAu. February .
114,083
February .
80,017
69.700
Col. A Gr. D iv ..
90,249
42,308
40,300
West.No.C.Div February .
14,500
February .
5,400
6,600
Wash. O. A W ..
228,292
25,193
30.700
Bt. Jo. A Gd- Isl. 2d w k Mar
244,634
26,437
34,212
8t.L. Alton AT.H. 1st wk Mar
14,721
153,566
14,690
Branches. . . . . 1st w kM ar
354,561
32,400
St. L. Ark.ATex. lstw k Mar
27.718
79,688 1,016.910
St.L.A8an.Fran. 2d wk Mar 122.000
232,143
18,306
20.719
8t.PaulA Duluth 2d wk Mar
894,059
Sr,.P.Min.AMan. February . 434,809 414,810
43,735
56.223
56.223
Scioto V a lle y ... January ..
42,583
57,288
Shenandoah Val January ..
57,288
98,132
94,375
98,132
South Carolina.. January ..
So. Pacific Co.—
221.392
221,392 199,347
Gal.Har.AS.A. January..
5 1 ,3 s l
58,539
58,539
Louis’a West. January ..
368,274
Morgan’s LAT January .. 368,274 389,877
11,730
12,459
12,459
N. Y .T . A M ex. January ..
81,534
82,703
81,534
Tex. A N. Qrl. January ..
742,198
Atlan’c syst’m January .. 742,198 734,978
1,661,616
Pacific system January .. 1,661,616 ,273,442
Total .......... January .. 2,403,814 2,008,420 2,403,s l4
80,243
33,700
39,439
Staten Is.Rap.Ti February
547,512
Texas A Pacific January .. 547,512 429,370
68,637
24,233
36,096
Tol. A.A.&N.M’h February .
191,988
12,893
13,033
Tol. A; Ohio Cent. 2d wk Mar
1,737,353 1,389,610 1,737,353
Union P acific... January
87,089
9,627
11,513
Valley of Ohio.. 1th wk Feb
Wabash—
432,530
432,530 414,880
East of Miss... January .
979.269
West of M iss.. 1st wk Mar 118,910 127,226
76,828
68,494
76,828
fWest Jersey ... January ..
114,1*3
11,707
11,765
Wheeling A L .E . 1st wkM ar
276,898
25,635
32,713
WiseonsiDaCeut’) 1st wkM ar
65,465
3,327
6,309
Min. St.C.A W. 1st wkM ar
114,778
2,762
13,790
Wls. A M inn.. 1st wkM ar
* M exican currency.
c Not including earnings o f New Y ork Pennsylvania A Ohio.
1 Not including Central o f New Jersey in either year,
t T n c ln diner B r a n c h e s .
1886.
58,871
331,365
76,380
20,830
554,425
49,202
319,044
5.427
15,234
1,053,622
127,590
58,266
10,433
189,811
30,192
748,523
111,414
350,469
172.233
56,201
124,457
289,290
2,445,777
18,965
290,011
422,424
1,640,502
20,726
119,094
75,440
215,259
1,855,761
431,445
67,118
42,273
385,241
225,726
31,852
40,986
228.499
32,093
43,921
384,652
114,208
2,373,109
260,021
297,568
1,129,141
55,002
253,890
748,273
44,815
141,666
122.233
31,789
257,641
110,001
73,695
33,889
69,421
351,402
370,171
4,582,934
78.769
1,254,112
408,076
266,934
201,204
81,650
482,453
400,123
1,390,949
274,180
88.769
234,618
3,421,536
144,429
218,830
1,304,178
914,360
625,040
193.420
148.420
133,731
76,882
11,400
221.595
214.119
134,089
296,373
750,338
161.119
820,349
43,735
42,583
94,375
199,347
51,321
389,877
11,730
82,703
734978
1,273,442
2,008,420
69,554
4 2 9 ,3 7 0
47,740
127.500
1,389,610
75,127
414,880
927,939
68.494
94,502
213,614
3 1,036
23,565
T H E CH RO N ICLE.
368
lu u c s tr a c w t
AND
^ a ilr o a it
In te llig e n c e .
The I nvestors’ Supplement contains a complete exhibit of
the Funded Debt of States and Cities and o f the Stocks and
Bonds o f Railroads and other Companies. It is published
on the last Saturday o f every other month—viz., January,
March, May, July, Septerrtber and November, and is f u r
nished without extra charge to all regular subscribers of the
Chronicle. Extra copies are sold to subscribers o f the
Chronicle at 60 cents each, and to others a f $1 per copy.
(VOL. XL1V.
the several roads will probably appear in the Chronicle of
next week.
The report says that the construction o f over 1,000 miles of
road in 1886 requires that for the purpose of a proper com
parison with previous years this new mileage should be ex
cluded. They are therefore treated separately in the report
and their operations not included with the old road.
The mileage in the report for 1885 was 4,559 miles; the re
port for 1886 includes 108 miles of additional road, comprising
the Nevada & Minden Railway, 174 miles, extending from Minden Junction, near Nevada, Mo., to Chetopa, Kan., opened for
traffic August 11, 1886, and the Lincoln Branch. 34 miles, ex
tending from Lincoln Junction, near Weeping Water, to Lin
coln, Neb., opened for traffic August 25, 1886. This mileage
has been added to the Missouri Pacific Railway, making a
total for all lines on December 31, 1886 of 4,667 miles. Average
mileage operated during the year 1886, 4,601 miles.
The gross earnings, operating expenses and surplus earnings
of all lines for the year 1886 compared with the previous year
are exhibited in the following table:
Notice.—The I nvestors’ Supplement will hereafter
be issued on the last Saturday in January, March, May, July,
September and November. This is merely a change in the
months of issue for the convenience of the publication office.
1RS6 .
The next issue of the Supplement will therefore be on Sat Miles operated (average)...........
4,601
Earnings—
urday, March 26, instead of Saturday, Feb. 26, as under the F r e ig h t...................................... $20,453,888
P a s s e n g e r s .......... ..................
5,943,455
former arrangement.
M a i l . . . . ..........................................
E x p ress....... .............
M iscellaneous..............................
ANNUAL REPORTS.
Cleveland Columbus Cincinnati & Indianapolis Railway.
(For the year ending December 81, 1886.)
The annual report states that the result for the year is
encouraging, and gives hope of an early resumption of divi
dends. It is gratifying to note, as compared with 1885, an
increase in the gross earnings upon each of the roads in the
system, and a decrease in operating expenses. The gross
earnings for the whole system show a gain of $779,490. The
expenses were reduced $171,485, and the net earnings increased
from $1,482,171 to $2,488,146, a net gain of $950,975, and lead
ing a net balance after paying all interest, rentals and addi
tions to property of $70,665, as against a deficiency last year
of $868,825. The condition of the property has been fully
maintained.
The operating expenses of the Cincinnati & Springfield have
been reduced from 78*16 per cent to 7152 per cent; the In
dianapolis & St. Louis from 8315 per cent to 72 82 per cent,
and percentage of expenses on the main line has been reduced
from 78 41 per cent to 61*78 per cent, being the lowest per
centage of expenses made since the organization in 1868. The
operating expenses on the combined system have been reduced
from 76*88 per cent to 66*16 per cent, a reduction of 10 72 per
cent.
The average gross freight rate per ton mile earned by the
Cleveland Columbus Cincinnati & Indianapolis Railway is
•679 cents, compared with *577 cents in 1885, an increase of
17*68 per cent, and the average cost per ton mile is *444 cents,
compared with 466 cents in 1885, a decrease of 4*72 per cent.
The litigation with the St. Louis Alton & Terre Haute Rail
way Company in regard to the rental of its line has been
decided by the Supreme Court of the United States in favor
of this company.
No bonds have been sold during the
year. Bonds to the amount of $24,000 have been redeemed
and are held in the treasury.
Comparative statistics for four years, not including Cincin
nati & Springfield Division, nor Indianapolis & St. Louis RR ,
compiled for the C h r o n i c l e , are as follow s:
OPERATIONS AND FISCAL RESULTS.
1883.
391
1884.
391
1885.
391
1886.
391
lilie s ow ned...............
Operations—
Passengers carried ...
976,468
938,647
820,607
956,591
Passenger m ile a g e ... 43,548,617 42,176,610 38,145,360 39,496,055
R ate W pass. $ m ile .
2-217 ots.
2-133 cts.
2-091 cts. 2-150 cts.
Freight (tons) m oved
2,527,993
2,347.792 2,513,780 2,644,021
Freight (tons) mil’ge.408,436,350 397,678,278 428,691,881 423,545,587
A v . rate $ ton f) mile 0-751 ots.
0*633 ots.
0-577 ots.
0-679 ots.
j lamings—
$
$
$
$
Passenger.
965,693
899,435
797,679
849,168
F reig h t...
3,068.717
2,518,873 2,471,863 2,877,157
Mail, express, & o.. ..
178,697
182,038
186,865
194,165
Total gross eara’gs.
Oper. exp. & t a x e s ...
4,213,107
3,143,526
Met earnings...............
1,069,581
3,600,346
2,875,853
724,493
3,456,407
2,812,182
644,223
INCOME ACCOUNT.
Receipts—
Net earnings............
Rentals and Interest
Total in com e___
Disbursements—
Interest on debt___
M iscellaneous...........
$19,226,742 $1,229,146
5.894,680
48,774
710,296
11,213
645,322 Dec. 71,627
479,168
20,650-
T otal.......................................... $28,194,367 $26,956,210 $1,238,157
Expenses—
Conducting transportation___ $5,807,813
$5,327,885
$479,928
M otive pow er.............................
4.511 574
4,395,825
115,749
4,060,586
396,187
Maintenance of w ay.................
4,456,773
1.064,537 Dec. 119,271
Maintenance of cars...................
945,265
537,725
49,272
General expense....................
586,998
T ota l....................................... $16,308,426 $15,386,559
Surplus earnings...................... . $11,885,940 $11,569,650
R atio of operating expenses to
5784
57,08
gross earnings........................
$921,866
$316,290
0-76
The increase in gross earnings during the year was
per
cent, and this increase is more remarkable when the effect of
the great strike, which occurred in the early part of the year,
is considered.
The practical suspension of traffic during a
period equal to nearly one-twelfth of the entire year has an
important bearing on the results of the operation of the lines
during 1886. The decrease in gross earnings of all lines during
the month of March, 1886, aggregated $902,156 compared with
the same month of the previous year.
The decrease in ex
penses for the same month on all lines aggregated $394,096.
The difference in these items does not, however, represent the
net loss of revenue attributable to the strike.
On the con
trary, the depression in business and unsettlement of values
in commercial centres tributary to the lines, resulted in de
creased traffic during the succeeding months, the amount of
which it is impossible to estimate.
FREIGHT AND PASSENGER TRAFFIC.
The following table exhibits the statistics of freight and
passenger traffic for all lines for the year 1886, compared with
the previous year :
1886.
1885.
Increase.
Tons of freight carried...........
$6,744,219
$6,080,760
$663,458
Tons o f freight car’d one mile 1,599,163,930 1,388,816,056 210,347,874
Reven ue per ton per m ile___
-0128
-0138
Dec. ■9010
Number or Passengers car’ d.
4,919,245
4,610,299
308,946
Number of Pas. o’r ’d one mile 235.571,964 228,274.363
7,297.601
A v g ’e diet, one Pas’er carried
47 89
49-51
Dec. 1*62
Rev. per Passenger per m ile..
-0251
-0258
Deo. -0007
A substantial increase in business is exhibited by all lines
except the Central Branch Union Pacific Railroad, upon
which the tonnage decreased, principally in the transporta
tion of grain , lumber and live stock, owing to increased com
petition.
BETTERMENTS.
The amount expended for betterments and extraordinary
expenditures included in operating expenses during the year
was $503,477, an increase of $192,292. No portion of the cost
of improvements to the properties was charged to construction
or income account.
NEW CONSTRUCTION.
The new lines constructed in 1886 were located in the States
of Missouri, Kansas, Nebraska, Arkansas and Texas, and con
1,221,129 sisted of 517 miles completed and in operation before the close
of the year and 758 miles under construction and nearly
finished.
1886.
1884.
$
724,493
211,396
13,805
1885.
$
644,225
213,032
$
1,221,129
263,626
1,364,609
$
507,453
(2) 299,984
26,995
949,694
$
602,540
857,257
$
659,385
1,484,755
$
702,810
102,633
79,896
2,133
704,943
Total disbursem’ ts
834,432
705,173
739,281
* 779,812
530,177
244,521
* 117,976
B alance surplus.......
* From the surplus as here given each year, the follow in g amounts
have been spent for additions to p ro p e rty : In 1885, $177,144; m 1886,
$188,418.
Missouri Pacific R ailw ay System.
Increase.
42
3,920,490
2,699,361
1883.
$
1,069,58)
129,497
165,531
(For the year ending December 31, 1886).
721,509
573,695
499,818
1885.
4,559
ST. LOUIS FORT SCOTT & WICHITA RAILROAD.
The St. Louis Fort Scott & Wichita Railroad was operated
during the year in close traffic relations with the Missouri
Pacific lines, but under separate operating officers. Its mile
age was increased by the construction of 29 miles of new road
extending from Newton to McPherson, Kansas, and 18 miles
southwestwardly from Anthony towards New Kiowa, Kansas,
making the total length of railway owned by this company on
December 31, 1886, 293 miles.
The extension from Anthony to New Kiowa will be com
pleted early in the current year, reaching the distributing
point for an extensive cattle trade in Southern Kansas and the
Indian Territory. Surveys for a further extension of the
Newton Branch from McPherson to Ellsworth, a distance ol
about 30 miles, have also been made.
The report of this company was issued late in the week, and The gross earnings of the line in 1886 were;.................................. $^83,033
Operating expenses............................. ................................................ 570,
the following abstract is given of the operations o f the whole
system. More detailed information and statistics relating to Surplus earnings................................ ................. .............. ............... $207,694
March
TH E CHRONICLE.
19, 1887. J
increase in gros* earnings compared with 1885........................... $119,981
Percentage o f operating expenses to gross earnings.......... 73*48 per cent
369
G E N E R A L IN V E S T M E N T N E W S .
LAND DEPARTMENT.
Boston & Lowell—Boston & Maine.—Arrangements have*
The land sales in Missouri by the St. Louis Iron Mountain & been practically perfected for leasing the Lowell to the B 'ston
Southern Railway Company aggregated 3,040 acres, at an & Maine for a term o f 99 years at 7 per cent for 8 years and 8
er
average price of $3 33 per acre, leaving 110,615 acres unsold on E cent for the balance o f the lease. This has been approved
v the directors of the Boston & Maine and the Eastern roads,
D ecem ber 31, 1886, from original grants of 139,376 acres.
but these terms are, of course, subject to the approval of the
The sales o f la n d s in A r k a n s a s a m o u n te d t o 44,184 a cres, at
at an a v e ra g e p r ic e o f $2 88 p e r a c r e , le a v in g 886,157 a cres stockholders of both «railroads as well as the B. & L., and also
unsold D e c e m b e r 81, 1886, f r o m o r ig in a l g r a n t s o f 1,341,952 subject to legislative action.
acres.
FINANCIAL.
Arrangements have been made for refunding the outstand
ing first mortgage bonds o f the St. Louis Fort Scott & Wichita
Railroad, amounting to $4,498,000, with Missouri Pacific 5 per
cent tru st bonds, reducing the interest charge on that line by
an an nu al amount of $89,960; also for extending the $7,000,000 first mortgage 6 per cent bonds of the Missouri Pacific
Railway Company, for fifty years, at 4 per cent per annum,
thereby making an annual saving of $140,000. The saving on
the ab ove two issues amounts to $230,000 per annum, or nearly
the interest on $5,000,000 o f 5 per cent bonds. The company
has no floating debt.
The earnings and expenses and the income account of each
company for the past three years were as below :
MISSOURI PACIFIC.
EARNINGS AND EXPENSES.
1884.
E arnings—
Passengers.................................................. $2,043,457
6,047,339
F reigh t...................................- ................
686,832
Mail ex p ress and m iscellaneous...
1886.
1885.
$2,004,578 $2,020,597
5,518,296
5,153,025
1,106,127
785,959
$8,777,623
4,492,877
$7,943,562
4.338,319
$8,645,020
5,238,723
N et earnings......................
$4,284,751
R atio o f expenses to earnings.......
51*18
$3,605,243
54*61
$3,406,297
60*59
T o ta l earnings......... .
O perating e x p e n s e s .........
INCOME ACCOUNT.
Net e a r n in g s ...................
D ividends, <&o...............
1884.
$4,284,750
206,822
1885.
$3,605,243
792,835
1886.
$3,406,297
1,360,832
Total net in co m e ...
$4,491,572
$4,398,078
$4,767,129
Receipts—
Disbursements.
$1,798,200 $1,822,727 $1,875,470
2,098,000 1
2,098,105
i 3,185,762
7
775,036
568,848 !
Into: est on bonds...........
Dividends paid...............
Rate o f dividend............
Taxes, rentals, & c.........
Total disbursements.................... $4,671,341 $4,489,575 $5,061,232
Balance for year..........................def.$179,769 def.$91,497 def.$294,103
GENERAL BALANCE DECEMBER 31.
Assets_
1884:
1885«
1886.
Cost of road and equipm ent....... $40,618,132 $41,633,993 $44,221,631
Investm ents in stocks and bonds. 21,776,077
22,650,933 26,642,615
Materials a n d supplies on b a n d .. 1,094,682
1,080,774
1,601,291
Cash on baud..................................
577,844
549,780 2.728,786
Uncollected earnings......................
2,343,359
1,503,318 3,273,250
Total assqts................................ $66,410,094 $67,418,796 $78,467,573
Liabilities—
Stock.................................................. $29.974,800 $29,974,800 $39,959,600
Funded d e b t ................................... 28,895,000 30,000,000 30,000,000
Interest due and accrued............
504 693
512,400
514,270
Vouch'rs for Dec. pay. follow. Jan
2,150,806
2,016,405 3,474.689
Miscellaneous.^......................................................
121.893
19,*21
Inoome account...............................
4,884,794
4,793,298 4,499,193
Total liabilities......................... $66,410,094 $67,418,796 $78,467,573
Chicago St. Louis & Pittsburg E.R. Co.
(For the year ending Dee. 31, 1886)
The pamphlet report will not be issued for several weeks,
but the Chronicle has obtained an advance statement as
follows:
OPERATIONS AND FISCAL RESULTS.
1885.
1886.
1884.
1883.
Miles of r’d operated
635
635
635
635
Operations—
Passengers carried..
1,228,701
1,186,779
1,061,091
1,085,448
Passenger mileage
48,146,452 48,891.744 46,840,896 44.970,677
gate « pans. $ mile
2*30 cts.
2*42 cts,
2*32 cts.
2*21 cts.
(tons)
3,075,385
---------- W carried
2,782,033
2,517,062
3,031,595
, ght (t’ns) mileage 526,622,269 484,716,894 612,653,872 587,723,362
Ave. rate $ ton $ m.
0*72 cts.
0*60 cts.
0*52 ets.
0*59 cts
Earnings—
•
$
« .- .-per..................
1,163,407
1,036,165
1,036,077
1,134,689
2,902,433
3,159,887
3,448,447
.......................
3,781,107
Mail, express, «fco___
357,704
3 7 1,632
359,718
349,406
Total gross earns1
t>P. exps. and taxes.
F.o.of op.ex. to earns.
5,293,920
4,335,964
4,396,840
3,602,213
4,567,596
3,807,645
4,842,316
3,966,300
$957,956
81*90
$794,627
81*93
$759,951
83 36
$876,016
81*91
INCOME ACCOUNT.
Receipts—
Net earnings..........
Interest..................
Other receipts..’.’."
1883.
$957,956
26,720
297
1884.
$794,627
1,972
78,073
1885.
$759,951
1886.
$876,015
Total in com e....
-Disbursements—
Rentals paid........
biterest on debt..
NetC.C. &I. c. for
3 mos..................
$984,973
$874,672
$759,951
$876,015
$15.918
663,363
$21,224
1,079,602
$21,224
1,079,241
$21,224
1,074,121
17,565
95,789
Miscellaneous
120,633
Total disb’rsm’ts
$799,914 $1,100,826 $1,118,030 $1,191,134
Balance....,
sur.$185,059 def. $226,154 def.$35S,079 def.$315,119
Chicago & A tlantic—New York Lake Erie & Western.—
The new plan for the reorganization of the Chicago and A t
lantic Railway Company involves a foreclosure of the present
first mortgage, with an understanding that the railroad shall
be operated by the Erie Company, to whieh will be given the
entire share capital of $100,000 in consideration for its guar
antee of the interest on the new first mortgage bonds.
The
new company will issue $12.000,000 first mort. gold bonds bear
ing interest from May 1, 1887, at four per cent for the first
five years and five per cent afterward until May 1, 1982, and
$10,000,000 five per cent non-cumulative income bonds, the
interest on which is subject to oertain oonditions.
Of the
securities of the new company, $6,825,000 first mortgage and
$975,000 income bonds are to be offered in exohange to holders
of the present $6,500,000 first mortgage bonds at the rate of
$1,050 new first and $150 income bonds for each $1,000 bond
with all unpaid coupons from November 1, 1884. First mort?
gage bonds to an amount not exceeding $2,000,000 are to be
used in settlement of debts to the Erie and the New YorkPennsylvania & Ohio companies upon the surrender of first
mortgage coupons and second mortgage bonds held by those*
companies. First mortgage bonds to an amount not exceed
ing $700,000 may be used in acquiring the old second mort
gage bonds, aside from those held by the Erie Company, at
forty per cent of the face value. Of the income bonds $4.000,000 are to be offered in exchange for the present stock at the
rate of forty per cent and $5,000,000 are to be given to the Erie
Company in further consideration of its guarantee of the in
terest on the first mortgage bonds. The assent of about $5,.*
500,000 first mortgage bonds and a large amount of the stock
have been given to the terms of this plan. Messrs. Drexel,
Morgan & Co. are receiving deposits of bonds under this plan
and there is little doubt of its complete success,
Cleveland Akron & Columbus.—The stockholders have
authorized the retirement o f the first mortgage bonds, $600,000 6 per cent, and the issue of a new 5 per cent first mortgage
to the amount of $1.800,000, $1,200,000 of which will be used
in constructing the Dresden branch and providing equipment.
For 1886 the gross earnings were $542,915; operating ex
penses, $412,383; net earnings, $130,532; charges, $56,828
balance, $73,704 ; dividend, $60,000 ; surplus, $13,704.
J oliet Aurora & Northern.—It is reported from Joliet, 111.
that this railroad has been sold to Drexel, Morgan & Co. foi
$500,000, and that the purchasers are understood to represent
the Chicago Milwaukee & St. Paul.
The road is 25 miles
long and is to be extended 100 miles north of Aurora, where
it will tap the Chicago Milwaukee & St. Paul system.
The
new road will also be extended eastward from Joliet to Val
paraiso, Ind., where it will tap the Pennsylvania and Grand
Trunk lines.
The Chicago Sante Fe & California Railroad is
also associated in the above mentioned deal, its President,
Norman Williams, having acted as agent for Drexel, Morgan
& Co. in the transfer, which was made at Chicago,
Kentucky Central.—There have been deposited with the*
Metropolitan Trust Company $4,800,000 bonds out of $6,037,000, and $4,200,000 stock out of $5,466,000. The last day for
deposit is the 19th inst.
Louisiana & Western.—The earnings, expenses and charges
for the year 1880, compared with 1885, have been as follows:
Gross earnings.....................................
Operating expenses...........................
1885.
1880.
$644,689
315,473
Net earnings.................................. ................. $340,375
Taxes and other expenses.................
Interest on bonded debt..................... ................. 134,400
$329,217
$31,258
134,400
$140,074
Surplus.................................................. ................. $200,301
$165,658
$163,559!.
Mexican National.—The London bondholders of this com
pany made an agreement with Mr. W . J, Palmer, under date
of October 15, 1886, as heretofore noticed in the C h r o n ic l e .
They have now perfected their arrangements for the comple
tion of this important line of railway, which will form another
through route from the United States to the City of Mexico,
said to be about 800 miles shorter between New York and that
city tban the present Mexican Central road and its northern
connections. Messrs. Matheson & Co. of London«are the rep
resentatives of the English bondholders, and they will have
control of the new company by naming a majority of the
board of directors. It is stated that $20,000,000 have so far
already been spent on the Mexican National Railroad. With
the present issue of $10,000,000, this will make $30,000,000,
while the new first mortgage will be at the rate of only about
$11,000 per mile, and the annual interest charge per mile will
be about $600. The bonds will be offered in New York by
Messrs. Speyer & Co., Mills Building, simultaneously with
their issue in London and Amsterdam, and subscriptions will
be received till March 22 at the price of 89)£, payable in instal-
870
TH E CHRONICLE.
[VOL. XLTV,
80,000 shares of Central Pacific stock and an issue of Oregon
& California 5 per cent first mortgage bonds in replacement
of the 6’s now existing, and also to complete new works.
Pittsburg & Western.—A plan of reorganization of the
Pittsburg & Western Railroad has been formed, and security
holders are asked to accept the provisions of the plan formalated and deposit their securities with Drexel, Morgan & Co.
of New York and Drexel & Co. of Philadelphia. Messrs J*
Lowber Smith, John T. Terry, C. H, Coster and Anthony j,
Thomas are the committee in charge, and the basis is $10,000 *
000 first mortgage thirty-year 4 per cent gold bonds, of which
$300,000 shall be reserved to take up the old first mortgage
bonds and $1,000,000 shall be reserved in the treasury of the
reorganized company, to be used only with the approval of
the voting trustees for the purchase of rolling stock, &c>;
$5,000,000 non-cumulative 5 per cent preferred (or income)
bondp, and $7,000,000 common stock, into which present
securities are to be refunded.
Holders of first mortgage bonds, due 1898, and holders of
first mortgage Pittsburg Bradford & Buffalo bonds receive
for each $1,000 bond, with overdue coupons attached, $1,000
in new 4 per cent bonds and $500 in preferred stock. Those
bonds held as collateral for loans of the company are treated
in the same way. Stockholders pay an assessment of 4 per
cent and receive double the amount of the assessment in pre
ferred stock and new common stock for their present holdings.
Bondholders and stockholders assenting to this plan have the
privilege of subscribing to the $1,700,000 of new 4 per cent bonds
and $255,000 of the preferred stock, at the rate of $1,000 in
bonds and $150 in preferred stock for $800 in cash.
July 1 to Feb. 28,
-February.—----- » /—
1887.
188«.
1887.
' 1886.
Richmond & Alleghany.—A modified plan of reorganization
Gross earnings............ $249,461
$184,651 $1,811,523 $1,477,480
882,359 has been adopted, which contemplates a small additional as
1,039,507
Oper. expenses.........136,024
110,342
sessment on the old stock. It is proposed to pay off the re
$595,121 ceiver’s certificates and pay 2 per cent interest in 1888 upon
$772,016
Net earnings........ $113,437
$74,309
$450,549
$478,798
Int. and taxes..............
$61,364
$56,258
37,549 the new bonds and 5 per cent thereafter. The plan heretofore
62,371
Im provem ents.............
17,806
5,230
was to defer all interest until 1889. Provision is also made for
$488,098 the payment of car trusts as they mature. There will remain
$541,169
Total net.................
$79,170
$61,488
$107,023
$230,847
Surplus.................
$34,267
$12,821
in the treasury $1,000,000 bonds for betterments of the prop
New York Central & Hudson.—The New York Central & erty as business develops. It is now the intention of the
Hudson River Railroad Company has issued an estimated ¡parties in control to push foreclosure proceedings to a speedy
quarterly statement for the quarter to end March 31. The issue, so that the new company may be in full possession of
estimate for the current quarter and the actual for 1886 are the property before July 1.
as follows:
St. Louis Kansas City & Northern (Omaha Division).—
Actual
Estimated,
Under date of March 16 the plan of reorganization of this line,
Quarters ended March 31—
1886.
1887.
formerly belonging to the Wabash, is announced. Out of
Number o f miles.............................................. .
1,441
1,441
$2,350,000 first mortgage bonds $50,000 will be paid in cash,
Gross earnings..............
$7,342,201
$8,069,500
Operating expenses............................................. 4,756,361
5,487,500 their part of the proceeds of the sale. The new bonded debt
will be $2,300,000 lsts, 4 coupons funded, and 1 coupon held
$2,582,000 for betterments, a total of $2,702,500 4 percent 50-year gold
Net earnings................
$2,585,840
1,956,000
First charges...............
1,926,000
bonds. Preferred stock will be issued to the amount of
$626,000 $2,208,000. The reduced interest from 7 to 4 per cent will be
B a la n ce .......................
$659,840
894,000 represented by this preferred, and common stock to the
Dividends paid, 1 p e rce n t..................................
894,283
$268,000 amount of $2,300,000. Holders of trust certificates will get
D eficit............................................................... $234,443
for each $1,000, $1,140 4 per cent bonds, $960 preferred stock,
New York City & Northern.—A referee has been appointed and $1,000 common stock to be held in trust. The annual
by the Supreme Court to take proof of the bonds of the New charge will be $108,500, against $164,500 before. Net earnings
Y ork City & Northern, to ascertain the names of the holders for year ending March 6, 1887, estimated at $123,000, against
and the amount of their bonds; also the circumstances under $20,336 for 21 months under the Wabash receivers.
which they were acquired. The total amount of the consoli
St. Paul Minneapolis & Manitoba.—The directors have
dated 6 per cent bonds is $8,697,000, of which $2,775,000 have resolved to make an issue of $7,000,000 of fifty-year 4 per cent
already been deposited with the Farmers' Loan & Trust Com gold bonds, secured by a first mortgage on the Montana Divi
pany. Henry Villard is chairman of the committee,
sion, giving the privilege to the stockholders of the company
New York Pennsylvania & Ohio.—The rental stipulated to subscribe for the same pro rata, to provide funds toward
by the lease of this road to Erie is 32 per cent of the gross the completion and equipment of the extension from Dakota
earnings; but there is a provision to the effect that if, in any to Great Falls, Montana.
one year the gross earnings exceed $6,000,000, then the N. Y,
Schuylkill Navigation Company.—The R ea din g Railroad
Penn. & Ohio shall‘ receive fifty per cent of the gross earnings will in the future carry all its coal by railroad and will
in excess of $6,000,000. President King is said to be dissatis abandon the use of the Schuylkill Canal. This will cause the
fied with this provision, that exacts a rental o f 50 per cent withdrawal of 340 boats now on the canal, and also render
o f gross earnings above $6,000,000, and it is mainly to secure useless sixty more that belong to private owners.
In giving
its modification that he has been in conference with President his views of the action of the Reading Company, President
Adams of the New York Pennsylvania & Ohio.
Fraley, of the canal company, said : “ We will now foreclose,
Northern (N. H.).—The Supreme Court of New Hampshire not under the general mortgage, but under the consolidated
has rendered a decision setting aside the lease of the Northern mortgage, and it will not be an amicable foreclosure either.
Railroad to the Boston & Lowell as invalid. The decision of Then let the railroad company look out for its coal properthe Court gives until July 1 before an injunction against the ties.”
.
Lowell company is issued. The ground of the Court’s action
Southern Pacific.—A San Francisco dispatch reports that
is that the charter of the road denies the right to lease.
this company has purchased Senator Fair’s railroad, running
Oregon & California.—The bondholders, at a meeting in from San Francisco to Santa Cruz; also the Senator’s entire
London, approved o f the agreement between their committee street cable road system in Oakland. The price is stated at
Mr. Hunington, and the other interests involved. The bonds something over $6,000,000.
are to be guaranteed by the Southern Pacific company. The
Following is a statement of the gross and net e a r n i n g s of
$8,400,000 of bonds in tbe hands of the two committees are to this road for the year 1886 obtained for publication in the
be deposited with the Union Trust company, New York, by C h r o n i c l e :
April 1, and in their place they will take new 5 per cent bonds
-Gross Earnings.— . ,-----Net Earnings.- »
with exactly the same rights over the land and their section
1886.
1885.
1836.
i f
So. Pac. Cal., No. D iv ........ $1,649,826 $1,231,764 $811,967 $342,851
of line. For each $1,000 of o ’d bonds they are to have $1,100
So. Pac. Cal., So. D iv ......... 3,291.141 3,131,745 1,067.985 1 ,4 1 0 .^
o f these new bonds, which would bear interest at 5 per cent Arizona Division................ 1,525,221 1,564,705 647,592 86*,ow
from July 1. 1886. This leaves the coupon of January 1, 1887 New M exico D ivision......... 667,196
683,250
310,131
401,0»»
figured at £2 15s. to be paid, besides a cash payment of £4 per
Texas & New Orleans.—The earnings, expenses aD
d
each $1,000 bond.
charges in 1886, compared with 1885, were as below
Arrangements have therefore been perfected for the com
1886.
1885.
$998,169
pletion of the Oregon branch of the Central Pacific road to Gross earnings. ........................................: .,$1,017,617
563,751
the Oregon line, and the construction of the Oregon & Califor Operating ex p en ses,,......................................... 535,481
nia from that point to its present terminus near Ashland
$434,418
Net earniD gs.............................
$482,136
"This will make a through connection by way of the Central
$33,81%
x
$19,863
301.406
Pacific to Portland and other Oregon points, and is no doubt Taxes and otherte . . p.e.n s e s .......................
Interest on d e b . . . .................... ................, , 302,017
« n important stride for tbe Central Pacific system. These
$340,218
$321,880
results will be attained by the addition of about $5,000,000 to
$94,200
the bonded debt of the Central Pacific, the issue of about Surplus.................................................................. $160,256
ments, which is equal to about 88J^ payabie immediately.
Any bonds not taken by the public will be taken by a syndi
cate at the subscription price. Full particulars will be found
in the advertisement on another page.
'Missouri Pacific.—A circular under date of March 9th says:
*‘For the purpose of paying for recently-acquired roads pur
chased in complete running order with equipment, and for fin
ishing the construction of branch lines not heretofore provided
for, it is proposed to increase the capital stock of this company
five million dollars ($50,00.0 shares of $100 each) over and above
the amount now issued and outstanding. The lines to be paid
for and completed by the present proposed increase in share
capital are as follows: Fort Scott to Topeka (Kansas Nebraska
& Dakota), 187 miles; Jefferson City to Kansas City (low
grade), 100 miles; Bagnall to Nevada, 100 miles; Boonville to
Springfield, Mo., 90 miles; Weeping Water to Glen Rock
(Nebraska Southern), 42 miles; total, 469 miles. The Kansas
Nebraska & Dakota line is completed and fully equipped with
rolling stock, etc.; the other lines named are now in course of
construction. In order to obtain the necessary authority for
the issue of the increased stock, a special meeting of the stock
holders will be held in St. Louis, Mo., on the 10thday o f May,
1837. Stockholders of record at the close of business on the
19th day of March, 1887, will have the right to subscribe, at
par, for ten shares of new stock for every 100 shares of stock
then held by them.
Nashville Chattanooga & St. Louis.—The gross and net
earnings for February and fox eight months of the fiscal year
were as below :
March
iTHE CHRONICLE.
19,1887.1
371
C O T T O N .
Friday , P. Mm Mar. 18,1887.
C > __________ ______________________ ;___________
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Mar. 18), the total receipts have reached 57,716
COMMERCIAL EPITOME.
bales, against 72,953 bales last week, 79,951 bales the previous
Friday Night, March 18, 1887.
week and 95,013 bales three weeks sin ce; making the total,
C o m m e r c ia l circles have not been a l a r m e d by t h e t h r e a t s of receipts since the 1st of September. 1886,4,959.574 bales.against
of 1885-86. showing an in
gtringent money market which have come from financial 4,727,174 bales for the same period232,400 bales.
crease since September 1, 1886, of
circles, but it is not possible to separate the two interests they
Mon.
Total.
Wed. Thurs. Fri.
Tues.
Sat.
Receipts at—
will sympathize with each other. The weather has been win
3,729*
32
647
540
335
599
try, delaying there-opening of inland navigation in northern Galveston.......... 1,576
....
....
—
....
....
....
Indianola, Ae.
latitudes. The lull in the iron trade begins to affect other
4,107 4,568 29,170*
branches of business. The attempt upon the life of the Czar New O rleans... 3,779 6,059 7,480 3,177
577
1,782
345
407
413
13
27
Mobile................
of Russia has caused some renewal of uneasiness with refer - Florida.............. .........
....
105
....
....
105
•• •
•
3,677
3*0
361
ence to European politios, but its effect is slight.
802 1,107
396
671
Savannah.. . . . .
....
7
....
7
....
....
....
Brunsw’k, Ac.
The speculation in lard for future delivery relapsed into
3,020
253
47
286
1,639
191
601
dulness, and prices declined. Confidence of speculative hold C harleston.......
20 5
205
....
....
....
....
Pt Royal, &o.
••
••
ers is considerably impaired by the growing indications that W ilm ington. . . .
14
78873
27
29*
102
278
there will be “ enough to go around.” There was a further
lì
....
11
....
....
....
....
Moreh’d C.Ao.
4,823
479
314
sharp decline to-day. Lard on the spot was very dull until N o r fo lk ...........
424 1,532 1,266
808
3,562:
307 2,228
354
120
235
263
West Point, Ao
to-day, when the decline admitted of the execution of orders
....
....
1,662
....
554
747
361
to a moderate extent, and the close was steadier 7*40o. for New Y ork .........
2,414
205 1,027
168
192
3*6
476
B o s t o n ............
prime city, 7*62^@V67KC for prime to choice Western, 7 95c. B altim ore.........
*
....
2,000
....
....
....
....
2,000
for refined to the Continent and 815c. for refined to South Phlladelp’a, Ao.
76Ì
187
128
44
227
96
79
America.
Totals this week 8,966 11,119 12,135 5,416 7,501 12,549 57,716
fh e
C o m m e r c i a l 'Jaim es.
d a i l y c l o s in g p r ic e s o p l a r d
8
iurd’y . Mond’y.
April deliv’y. 7 6 7
May
“ • 7*75
Jane
** • 7*80
July
“ • 7*84
August “
. 7*90
Sipt.
“
Tuesd’y.
7*69
7*77
7*82
7*90
7*94
•
7*73
7*80
7*87
7*93
fu tu res.
Wedns’y. Thursd’y. Friday
7*72
7*78
7*83
7*89
••••
7*62
7*70
7*76
7*82
7*87
7*91
7*49
7*57
7*64
7*70
7*75
7*80
Pork has been very dull, but prices remain nominally un
changed at $15 50@$L6 25 for old and new mess, $13 50@14 25
for extra prime and $16 50@$17 25 for clear. * Cut meats have
been dull and close weak; pickled bellies 7% @7% c., hams
ll^@12c. and shoulders 6%@7c.; smoked hams 12%® 13c.
and shoulders 7%c. Beef is steady at $9 50 for extra mess
and $10@10 50 for packet per bbl., and $17@$18 for India
mess per tierce. Beef hams are steady at $21 50@23 per bbl.
Tallow is firm but quiet at 4@4 l-16c. Stearine is dull at 8@
8j^c. and oleomargarine is quoted at 7c. Butter is easier at
22@3!c. for creamery and 20@ 30c. for State dairy. Cheese is
firmer at 12%@14J^c. for State factory full cream and 7@
12j^c. for skims.
The following is a comparative summary of aggregate ex
ports from November 1 to March 12:
1886-7.
Pork........................ lbs. 17,979,000
Bacon, A c.....................206,655,05*
Lard............................. 141,908,228
1885-6.
17,956,400
192,248,178
110,225,455
Receipts to
Mar. 18.
G a lv e s to n ...
This Since Sep.
Week. 1 ,1 8 8 5 .
Norfolk.........
W.Polnt, Ao.
New Y o r k . . .
B o sto n .........
B altim ore. . .
Philadel’a,Ao
29,170 1,630,951)
1,782 208,228
105
22,848
3,677 775,143
7
25,961
3,020 *358,342
16,534
205
788 132,587
u
3,731
4,823 516,670
3,562 313,832
1,662
81,698
2,414
88,434
2,C00
81,715
761
35,728
17,308
2,182
38
8,758
117
4,435
913
692
123
8,529
4,091
274
1,367
713
3,7*7
6*6,028
781
1,573,302
231,560
49,696
727,393
14,890
142,663
12.811
93,758
6,981
483,818
239,152
49,414
80,517
39,235
35,155
57.71« 4.959.574
57.743 4,727,174
New Orleans.
Mobile...........
Savannah. ..
Charleston ..
Pt.R oyal.A o
Wilmington .
637,173
3,729
Stock.
1385-86.
1886-87.
This Since Sep.
Weelt. 1 ,1 3 8 6 .
T otal............
Tno.
22,600
la c . 14,406,876
Inc. 31,682,773
Rio coffee for future delivery declined early in the week,
and was for some days variable and unsettled, without wide
fluctuations, closing to-day at a slight recovery, with sellers
at 12,65@12,75c. for the earlier, and 12*80@12-90e. fortbe later,
months. Coffee on the spot was dull, and the quotation for
fair cargoes Rio was reduced to 14%c. Raw sugars have been
quieter, but prices are about steady at 4J£@4 9 16c. for fair re
fining Cuba and 5}^c. for centrifugal, 96 deg. test. Molasses
has met with a fair demand at 18%@ 19c. for 50 deg. test.
Teas are easier, under free offerings at auction.
There is little change to n otein Western tobacco during the
past week, a few lots having been sold for export at low
figures. Sales for week 400 hhds., of which 300 hhds, *or
export. Prices are steady. Seed leaf tobacco has met with a
fair demand and sales are 1,651 cases, as follows: 600 caaes
1881-82-83 crops, Pennsylvania seed, llj^@ 14c.; 250 cases 1885
crop, Pennsylvania seed, 5J£@ 18c.; 150 cases 1885 crop, Penn
sylvania Havana seed, privite terms; 151 cases 1883 crop,
Ohio, private terms; 200 cases 1885crop, Little Dutch, 9 @ llc.;
150 cases 1884-85 crops, State seed, 12@15c., and 150 cases
sundries, 7@28c.; also 400 bales Havana, 60c. @$1 05, and 250
bales Sumatra, $1 20@$1 40.
Naval stores are rather firmer; spirits turpentine not plenty
at 39c.; rosins slightly dearer at $105@1'10 for common to
good strained, and tar quoted at $2@2 05. The speculation in
crude petroleum certificates has been fairly active, but quite
unsettled in tone, ranging to-day from 63 to 64%c., closing at
b3%@63Jgc. Metals were generally depressed,—prices in all
cases turning in favor of buyers—but the only marked decline
wag in block tin, which sold on Wednesday at 22‘50c. for May,
hut recovered, and was to-day fairly active at 22,60c. for May.
*ugot copper is nominal at 10'55c., and lead quoted 4*30@4*35c.
Ucean freights have become very dull, owing to the mainte
nance of speculative prices for grain, but there is a fair business
ln petroleum room.
For comparison,we give the following table showing the week’s
total receipts, the total since Sept. 1,1886, and the stock to-night,
and the same items for the corresponding periods of last year.
4.404
1887.
1836.
31,94*
43,699
267,941
9,780
27,955
333,478
40,174
2
42,987
13,948
164
2,533
50,902
. 11
4,151
11,431
6,536
236,860
9,000
16,236
20,406
45,206
291,444
6,310
26,040
21,745
654,784
906 152
* 27,2eO bales deducted as correction o f receipts since Sept. 1.
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons,_________
Receipts at—
1887.
1886.
1884.
1885.
1883.
1882.
Galvest’n.Ao.
New Orleans.
M obile...........
Savannah . . .
Charl’ st’n, Ao
Wilm’gt’n, Ao
Norfolk.........
W. Point, Ao.
All others . . .
3,729
29,170
1,782
3,677
3,225
799
4,823
3,562
6,949
4,404
17,308
2,182
8,758
5,400
815
8*529
4,091
6,256
1,360
15,990
840
2,514
1,299
240
2,415
1,934
6,293
4,141
10,432
1,792
4,464
4,373
548
7,664
2,527
6.694
19,754
29,997
2,640
14,727
8,722
1,840
11,743
3,411
12,228
5.6 32
13,148
4,154
5,931
5,905
1,931
11,971
1,916
11,332
Tot. this w ’ k.
57,716
57,743
32,385
42,635
105,062
61,916
Since Sept. 1. 4959,574 4727,174 4522,366 4528,559 5242,783 4236,605
Galveston tnoludes Indianera ; charleston Includes Port R oyal, &o.
Wilmington includes Moreh’d City. Ac.; W est Point Includes City Point, Ae.
The exports for the week ending this evening reach a total
of 137,736 bales, of which 77,396 were to Great Britain, 4,470
to France and 55,870 to the rest of the Continent. Below are
the exports for the week and since September 1, 1886.
Exports
from—
From Sept. 1,1880, to Mar. 18,1887
Week Endino Mar. 18.
Exported to—
Exported to—
Conti
Conti Total Great
Great
Total.
Brit’n. Trance nent. Week. Britain. Trance nent.
G alveston....... 4,322
New Orleans.. 35,621
0,724
M obile...........
Florida............
Savannah........
1,581
Charleston
W ilmington.. • ......
Norfolk.........
0,330
West Point,Ac
New Y ork...... 13,574
0,503
Baltim ore......
Philadelp’a ,£ c
2,051
400 4,722
4,072 30,337 70,030
6,724
248,433 30,852
011,457 305.991
41,906
93.869 872.654
318,120 1,233,57^,
41,9 Çi
1\985 15,985
3,801 5,442
229,170 18,048
90,453 42,144
90,823 7,900
318.638
87,600 2,150
803.127 37,807
108,333
82,703 7.785
39,514
228,920
132,700
10,857
8,000
8,400
175,750
1,345
21,797
2,724
......
3.8
0,330
4,072 18,941
6,593
315
315
2,051
470,744
265,303
109,010
320,533
98,210.
570,744
109,073
115,875
42,298
77.390
4,470 55.870 137,730 2,310,808 452,897 1,001,400 8.704,00»
T rt»l tfWUW 37.201
fi.35fl 15.CIS 62,170 1.740 025 323,233 1,080,854 8.144 713
- Total.............
THK CHRONICLE.
3 72
In addition to above exports, our telegrams to-night also give
ns the following amounts of cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
ft Lambert. 24 Beaver Street.
0D
»i
► tu
&
%
s
f VOL. XL1V.
9
0D
w
»
a
8
8?
0
M
< <
O 9
5
©
On Shipboard, not cleared—
for
Mar. 18, XT—
Other CoatiGreat
Britain. France. Foreign unse.
N ew Orleans___
M o b ile .........
Charleston . . . . .
S avan n ah ___ _
Galveston. . . . . .
N o r fo lk ........ .
New Y o rk .. . . . .
Other p o r t s .....
29,317
3,000
None.
1,300
4,937
7,000
4,200
8,000
7,423
None.
17700
None.
None.
None.
650
None.
15,412
None.
4,500
9,600
3,141
Nòne.
5,900
None.
9.911
None.
1.7C0
800
2,250
1,0C0
None.
None.
Leaving
Stock.
Total.
62,063
3,000
7,900
11,700
10,328
8,000
10,750
8,000
205.878
6.780
6,048
16,255
21,616
3,431
226,110
46,925
T otal 18 87.......
57,754
9,773
38,553
15,661
121,741
63,190
45,121
22.930
14,928
30,718
17,592
10,095
6,846
126,933
84,487
O»
99
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TEXAS.
NEW ORLEANS.
UPLANDS.
Mar. 12 to
Mar. 18.
Sat* m o n T u e t S a t . m o n T u e « S a t. m o n T u e s
Is M :
7%
71*16
8%
9*16
9%
» « lg
10
10%
10%
10%
11%
7b18
7%
8**16
9%
««16
9%
10*16
10*16
109,e
10**16
H»16
W ed
STAINED.
..N ib .
G ood O rd in a ry ....
Strict Good Ordinary.......
L ow M idd ling...............
M iddling............................. ...........
7%
7*3l6
8%
9316
9%
9*5le
10%
10%
10%
11
11%
7716 7716 7%
7%
7**16
8*316 77§
8 *«16 8%
9%
9%
93,8
9**16 9**16 9%
10
10
9**16
103,6 103,6 10%
10716 10% 6 10%
10*1,6 lOlljft 10%
11*16 11*1« 11
11**1« 11**16 11%
S a t.
7%
7**18
8%
9*16
9%
9*»16
10
10%
10%
10%
11%
m on T u et W ed
6*5ih 6*Bie
7%
7%
^*6 £*8
9B16 9B16
6*b18
7%
8716
9*16
7
ZÎ1*«
8%
9%
7*16
7%
8**16
9%
99ie
9%
10*18
10*16
109,e
lO i* ^
ll» ie
Th.
Zi**
7%
8**16
9%
99le
9%
10»i6
10*,8
10»,e
IO**,.
H 9ie
F r i.
77ie 77ie
7%
7%
8**16 8**16
9%
9%
9**16 9**16
10
10
10*16 10*16
10% 6 10% 6
IOII16 10**16
11*16 11*16
11**16 11**16
Th.
F r i.
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7%
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9716
7*16
7%
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7316
7%
8»i«
9
9716
9%
9«16
10S16
l ° 7ie
10**16
H 7ie
7b16
7%
8**16
9%
9»ie
9%
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10*16
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10*3,6
H®16
F rI.
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p i 0(0 ©©©© CD»©©
A ver.
O rdlny.N lb
Strict O ra..
G ood O rd..
Str.G ’d O rd
L ow Midd’g
Str.L’w M ld
M iddling...
Good M id..
Btr.G’d M ld
Midd’g Fair
F air............
Th.
7b18
7%
8**16
9%
9»ia
9%
10*ie
10Bi«
10»i«,
10lS,6
H«16
Th.
i M -J M
9 :
to o co
**
A ver.
W ed
7Bie
7%
8**16
9%
9 » ,6
9%
10*16
10&16
lo e .e
10*Bl6
H 016
F r i. W e d
y-
<uCD ®
A ver
7%
7%
7»16 7»16
8%
8%
81516 8*5ie
9%
9%
» “ 16 9**16
9 7«
9 7e
10% 10%
10% 10%
10% 10%
11% 11%
cow
®
lA v e r .
71«
7»ie
8*a
8 1Bia
93«
» “ is
9 7«
10*«
10%
10%
11%
co , QCO
¡Aver
-Ordin’y.ftlb
Strict O r d ..
G ood O rd..
S tr .G ’dO rd
L ow Midd’g
Str.L’ w M ld
M idd ling...
G ood M id..
Btr.G’dM ld
Midd’g Fair
Fair...........
coco
coco
c¡ *• ** ifkW ** loco
779,219
618,129
The speculation in cotton for future delivery at this market
has been fairly active, and prices have further advanced
though quite variable, and not without irregularity as be
tween this and the next crop. There was a slight decline on
Saturday and further depression at the opening on Monday.
Ellison’s circular estimating a considerable increase in the
stocks in the hands of E uropan spinners, comparatively
fuller receipts at some of the river towns, and a weak Liver
pool market, were influences with which our bull party did
not care to contend, and prices gave way 10@ 12 points for
this orop, from the recent highest figures. But selling was
checked by the danger of the manipulation in the direction of
a “ comer” to which April contracts were said to be exposed
from a prominent operator, and in the course of Tuesday and
Wednesday there was an advance in this crop of 18@ 20 points,
in which the next crop sympathized but very little. Yester
day, with Liverpool unexpectedly strong, there was a buoyant
opening, in which the next crop shared, but the early advance
was mostly lost under sales to realize, with an easy closing.
To-day Liverpool came lower, but this market, after a slight
pause, advanced on the reduced receipts at the ports, but the
close was dull and unsettled. Cotton was quoted 1-16c. higher
on Wednesday and again on Thursday. To-day the market
was quiet and unchanged at 10c. for middling uplands.
The total sales for forward delivery for the week are 582,700
bales. For immediate delivery the total sales foot up this week
1,218 bales, including — for export, 1,218 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.
^
<?©&
C•
h
o ______
co
533,043
T otal 1886 . . . . .
Total 1 8 8 5 .......
00
0 05
M M
© I geo
« I ©Ô
I dî*r"
Iö
, © o©
II
M
11
11
Id
11
MARKET AND SALES.
11
The total sales and future deliveries each day during th*
* Includes sales in September, 1886, tor September, 42,900; Septemweek are indicated in the following statement. For the con
venience of the reader we also add a column which snows at a ber-Ootober, for October, 287,200.; September-November, for N ovem ber,
441,700; September-December, for December, 765,100; Septem berglance how the market closed on same days.
January, fo r January, 1,685,900; September-February, for February,
1,282,400.
.
igp* We have Inolnded in the above table, and shall continue eac*
weea to g ive, the average prioe o f futures eaoh d ay fo r each month, n
Ex Con- Spee- Tran
Delio- will be fon nd under each day follow in g the abbreviation “ Aver.
port. tump ul’t’n sit. Total. Salee. trie». average fo r eaoh m onth fo r the week is also given at bottom of table.
Transferable Orders—Saturday, 9-80o.; M onday 9-80o.; Tuesday,
143
143 48.500
B a t .. Q u ie t...................
9-90c.; Wednesday, 9-95o.; Thursday, 6-95o.; F riday, 10-00«.
20Ó
150
150 55,000
M o n . D u ll......................
Short notices for March—Saturday, 9-70o.
l u e s . Quiet and steady
177
177 69,600
100
'Die follow ing exchanges have been made during the w e e k :
200
304
W e d . Firm at 1,6 a d v ..
304 132,500
. .. .
226 127,600
226
Thors Steady ® *i6 ad v.
■87 pd. to exoh. 1,000 Sept, for Ang. -15 pd. to exoh. 600 May for July*
F r i . . Quiet but fir m ...
218 99,500
218 . . . .
... .
....
....
•08 pd. to exch. 200 May for Jane.
-10 pd. to exch. 100 Apr. for Jun*-04 p d .to exoh. 100 Apr. for May.
-70 pd. to exoh. 100 Nov. for Aug*
500 •11 pd. to exch. 100 Apr. fo r June.
1,218 532,700
Total. ............. ................
. . . . 1,218!
....
. . . .
-19 pd. to exch. 500 Apr. for Jmy*
•25 pd. to exch. 500 Dec. fo r Sept.
*12 pd. to exch. 200 Apr. for J um The dally deliveries given above are actually delivered the day •24 pd. to exch. 500 Deo. for Sept.
*08 pd. to exch. 100 May for June.
previous to that on which they are reported.
•03 pd. to exch. 300 Mar. for Apr.
The V isible Supply of Cotton to-night, as made up by cable
T he Sales and P rices of Futures are shown by the follov and telegraph, is as follow s. The Continental stocks, as well as
¿ n g comprehensive table.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
OLOBBD.
FUTURES.
Ma r c h
. THE
19, 1Ö87.J
CH RO N ICLE
those for Great Britain and the afloat, are this week’s retu n »,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Mar. 18), we add the item of exports from
the United States, including in it he exports of Friday only.
Stock at L iverp ool.........bales.
Stock at L o n d o n .......... . . . . .
1886.
677,000
17,000
1887.
933,000
12,000
1885.
1884.
984,000 1,035,500
35,000
58,000
373
bales less than at the same period last year. The receipts at
the same towns have been 5,191 bales more than the
week last year, and since September 1 the receipts at all the
towns are 69,485 bales wore than for the same time in 1885-80,
Quotations
for
Middlin g C otton
at
Oth er Mark ets .__
In the table below we give the closing quotations o f middling
ootton at Southern and other principal cotton markets for each
day o f the past wees. ^ ~
694,000 1,019,000 1,093,500
7,000
4,000
4,000
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
41,500
53,800
70,600 Week ending
Mar, 18
28,000
51,000
53,000
Batur.
Mon.
JFedne*. Thurs.
Tues.
Fri,
300
400
1,200
1,500
900
1,900 G alveston. . .
9016
9 0ie
9516
9*1«
9*18
197,000
145,000
206,000 New Orleans.
9°18
9®ie
9616
9*2
9*16
6,000
5,000
91»
5,000 M
9*4
9*4
9*4
93a
9*2
91»
83,000
83,000
61,000 S ao b ile .......
v a n n a h ...
91
»
9*2
98ft
9*2
9*18
9%
11,000
6,000
12,000 Charleston. .
9*à
93t
9*3
98ft
97ft
97ft
4,000
3,000
5,000 Wilmington..
93ft
93ft
93»
93ft
93s
91«
91
»
9*2
9*2
98ft
9»te
90»
total Continental s t o c k s ... . . . 395,600 324,300 407,100 419,700 N o r fo lk ......
Boston....... .
10
10
10
10
10
101»
9%
Baltim ore....
9%
9 78
9 V a io
10
10
Total European stooks ....1 ,3 4 0 ,6 0 0 1,018,300 1,426,100 1,513,200
10
10
10
10
10*8
1018
India ootton afloat for Europe.
185,000 193,000
145,000 215,000 Philadelphia.
90ft
au gusta.......
88ft
95ft
98ft® \
9%
9%
Amor’ll oott’n afloatfoj*33nr’p e
468,000 433,000
263,000 366,000 M em phis. . . .
9*2
9*2
9*2
9*2
9*2
9 «8
t, Brazil,&o.,afltforE’r’p e
50,000
24,000
23,000
32,000 St. L o u is .....
93ft
93ft
93ft
93s
938
91«
in United States ports . .
654,784 906,152
702,616 788,889
9 8)
Cincinnati...
9*2
98g
9*2
9*2
90ft
Stock In U. 8. interior to w n s..
177,214 367,596
156,076 147,992 Louisville___
9*»
9*2
9*2
90ft
9*2
9*2
United States exports to -d a y ..
6,275
6,566
17,000
17,500
Receipts from the P lantations.—The following table
Total visible supply............ 2,881,873 2,948,614 2,732,792 3,080,581
Total Great Britain s t o o k . 945,000
2,800
Stock at Hamburg.....................
35,600
Stock at Bremen........................
27,000
Stook at Am sterdam ......... ....
300
Stook at Rotterdam ............
900
Stook at Antwerp......................
Stook at Havre.......................... 257,000
4,000
Stook at Marseilles...................
51,000
Stock at Barcelona....................
5,000
Stock at Genoa.................... .
12,000
Stook at Trieste.........................
S
Of the above, the totals o f Am erican and other description s are as fo lio v s
r
Liverpool stock............... bales 740.000
Continental stocks.................... 290,000
lmerloan afloat for E u r o p e ...
468,000
United States stook................... 654,784
United States Interior sto ck s.. 177,214
United States exports to -d a y .. 6,275
492.000
246,000
433,000
906,152
367,596
6,566
768,000
299,000
263,000
702,616
156,076
17,000
758,000
327,000
366,000
788,889
147,932
17,500
Mast Indian. Brazil, 46.—
Liverpool stook...................
London stock....................
Continental stocks.......... ....... .
India afloat for Europe......... .
Egypt, Brazil, <feo., a f l o a t ......
185,000
17.000
78,300
193,000
24,000
216,000
35,000
108,100
145,000
23,000
277,500
58.000
92,700
215,000
32.000
193,000
12,000
105,600
185,000
50,000
Total East India, <feo.... .. 545,600 497,300 527,100
675,200
Total American...................2,336,273 2,451,314 2.205Ì692 2,405,381
indicates the actual movement each week from the plan
tations. The figures do not include overland receipts nor
Southern consumption; they are simply a statement o f the
weekly movement from the plantations of that part of the orop
which finally reaches the market through the outports.
Week
SMine—
Receipts at tke Porte. SVk at Interior limns. Ree’pts from Piant’ns
1886. 1880. 1887. 1885. 1880. 1 1887. 1885. 1880. 1887.
Feb. 11........ 68,021 105,702 108,257 265,045 404,110 332,798 53,670 90,895 104,443
• 18....... 64,824 102.624 80,582 234,331 448.170 321.300 32,510 90,578 76,100
•
“ 25....... 50,812 92,807 95.013 210,482 442,000 301,199 32,503 87,303 74,84«
Mar. 4....... 60,800 08,228 79,951 199,179 442,408.265,9^1 39.003 08,025 44,743
* 11....... 42.581 02,129 72,953 181,132 421,730 230,902 24,534 41,407 43,924
*
• 18....... 82,885 57,743 57,710 170,155 892,722 200,914 21,908 28,729 21,068
•
The above statement shows—1. That the total receipts from
the plantations since September 1, 1886, were 5,112,428 bales;
in 1885-86 were 5,104,046 bales; in 1884-85 were 4,675,306 bales,
2. That, although the receipts at the outports the past week
HT The imports into Continental ports this week have been were 57,7i6 bales, the actual movement from plantations was
50,000 bales.
only 21,668 bales, the balance being taken from the stocks at
The above figures indicate a decrease in the cotton in sight the interior towns. Last year the receipts from the plantations
to-night of 66,741 bales as compared with the same date of for the same week were 28,729 bales and for 1885 they were
1886, an increase of 149,081 bales as compared with the corres 21,908 bales.
J
ponding date of 1885 and a decrease of 198,708 bales as
A mount o f C otton in Sig h t M a r . 18.— In the table below
oompared with 1884.
A r the I n t e r io r T o w n s the movement—that is the receipts we give the receipts from plantations in another form, and add
lot the week and since Sept. 1, the shipments for the week, and to them the net overland movement to Mar. 1, and also the
the stocks to-night, and the same items for the corresponding takings by Southern spinners to the same date, so as to give
period of 1885-86—is set out in detail in the following statement. substantially the amount of cotton now in sight.
Total visible su p p ly ...........2,881,873 2,948,614 2,732,792 3,080,581
Price Mid. Upl., L iv e r p o o l....
5 % i.
5d.
6d.
5 *6, „d.
Price Mid. U pl„ New Y o r k ....
lOo.
94o.
11B16o.
11*80.
gS fgW gS
g t g § ¡ta® IN
Kg
p
I
ri o
> 00 at .
M
at ■ p • ;
E, ,
;
Q
O
OÛOrfACOCOCOOOlOOOi^COÜlQOCOOIOCn
m m
m
-J <010 0 » (C M
C 00 eo
O
a>
t
*
M ia MOSSOif.< l A
C O C C 0300
O CD
r.w
1
& 11
J*, fl i
It will be seen by the above tbat the increase In am ount In sight
to-night, as oompared with last year, is 59,481 bales, the Increase
as oompared with 1884-85 is 628,573 bales and the Increase over
1883-84 is 694.379 bales.
ww
ko#-
k
9
cP j os m en ko m com o *
5o -^ ä ;fJ«’ k?MC0M(a»_ -J to -qoo co tf>en
.
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99
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-400
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M
M C o b - kO O* M ■£. £3
M M W O M Ü 1M ?
r f* fc £ M X O IX © U '
C it.
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3 M
^S9ÎS®W |^05M C CC O C iOM
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h
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l
w O Ç O W Ç » OS O tops M X CO kO O P 'O C kS
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oc w co b< c if» œ ko kooo o<^ o co cobsb< cobo
’7 “ !S'7‘93:a’“ u Q Oww*.'44c®i^
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,tO D
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k j p s o to p
O
p© S ow 5co S ■
w x w x a # J S g* | C Ç
S I 3QOÆCQ<Ii^ p* coo »
--------w E
*
W
S
o
eo<iXK)ioosb>
if. O co m os O i co
Q co C O O m C
o » Dd d O
I rJ.M,P’ W K>'
CO
i-1w ppkSCOkCkOp; MpkOO<JOC»©
Ì9■ -4Vjbi m
£
S
tf-^e-©to •M »* x OIO VOO »
m ì Q ©To1i'D»
S S ®Oto3«h-'> S i
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- J r^ «wokOKì:
' f
Th
«°LÌ!2?ll,vMle 1 bofcl1 years are “ net.”
x1
¡s f
N
h r 9 “ gures eetemated.
decreased h?, ,î'0fca’.^ 8^
10'y
Ih0 old interior stocks havi
unng the week 35,342 bales and are to-night 190,38‘
1888-84.
Northern spinners’ takings to
Mar. 1 8 . . . ............................... 1,301,127 1,887,600 1,112,441 1,187,943
SOM tOMCOMXMtOXOSX-3ostOX-qif.SO
< * fc
J
O
I O I WMOlO W bO
»
M
1884-85.
is
ft1
s*
»0M J »
OC
0 OM -4O> MS*
0 D mo
•
s m b m c i c u h ji« ó o b o i® ® ® ’fc L b
® (»e60MMgoo*coiow, cowicN.tSM®to 00»
«'oa c1iOo «
t
O ro< C M
»
1885-86.
Receipts at the ports to Mar. 18 4,959,574 4,727,174 4,522,366 4,528,559
Interior stocks on Mar. 18 in
excess of Septem ber 1 ........... 152,854 376,872 182,940 111,653
Tot, receipts from planta’tns 5,112,428 5,104,046 4,675,306 4,640,212
Net overland to Mar. 1 ............
623,233 617,134 501,782 461,070
Southern oonsum pt’n to Mar. 1 250,000 205,000 180,000 190,000
Total in sight Mar. 18............ 5,985,661 5,926,180 5,357,088 5,291,283
•
CCOMMj^
05^ HÜ'Q M £*C
D
H O X O D C O O O O O O C Q -O
^ iC JC C M D bC b-iO M tC C fcO O O
p 05O O MC O
i
O
tl
a
,
Hrf**
W WMNNUO
C PLH D H
ffCQ O O
Hocoacooo
1886-87.
Î3Q
lpS
j - !P
a2 » q F *. i l l i EfifPgi II
* ? ¡3 « p Ij È E k
,
1B
-a.
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:
? 3 - m8
• S a” ®jg H®• S*. Qs
?
>1*
: : serH .s g g :
*;
, I m at {s so . g (3 , P ; ; •
W eather R eports by Telegraph .—Our telegrams from
the South to-night indicate that dry weather has been general
during the week, and that in many sections planting has
made good progress.
The temperature has, as a rule, been
somewhat lower, with killing frost at a few points and light
frosts at others.
A further rise in the Mississippi River is to
be noted at Helena.
ffalveston, Texas.—The weather has been warm and dry
all the week.
The thermometer has averaged 68, ranging
from 63 to 78.
8 8
Palestine, Texas.—W e have had warm and dry weather
all the week. Corn has generally been planted and is coming
up well, and cotton planting is beginning. The thermometer
has ranged from 50 to 82, averaging 67.
New Orleans, Louisiana.—It has rained on one day of the
week, the rainfall reaching three hundredths of an inch. The
thermometer has averaged 65.
Shreveport, Louisiana.—No rain all the week. The ther
mometer has averaged 63, the highest being 84 and the low
est 49.
Columbus, Mississippi.—We have had no rain all the
week, but the weather has been too cold, with light frost*
The thermometer has averaged 49, ranging from 30 to 70.
Leland, Mississippi.—The weather has been clear during
the week. The thermometer has ranged from 41 to 80, aver
aging 59*1.
Meridian, Mississippi.—Telegram not received.
Greenville, Mississippi.—The weather has been clear and
cool curing the week, with no rain. The thermometer has
ranged from 38 to 87.
THE CHRONIOLF.
374
(Y o l X L IY
The above totals for the week
f m
r
Vicksburg, Mississippi.—There has been no ram all the the ports other than Bombay isshow that the movement s o e
1,000 bales less than the a
m
week and planting has made good progress. The thermom week last year. For the whole of India, therefore, the total
eter has rans ed from 40 to 80, averaging 64.
shipments since January 1, 1887, and for the corresponding
Qloster, Mississippi.—Telegram not*eceived.
Helena, Arkansas.—Wo ram all the week. Planting is periods of the two previous years, are as follows;
BXPOBTS TO EUROPE FROM ALL INDIA.
nrotrreesing finely. The river is still rising, being now twentyfive inches below high-water mark, and overflowing more
1886.
1887.
1885.
land. I believe it will rise for a week yet. The thermometer
Shipments
has averaged 55, ranging from 40 to 70.
This
Since
Since
This
This
to all Europe
Since
week.
Jan. 1.
week.
J a n .1.
Memphis, lennessee.—The weather has been dry and
week.
from—
Jan. l.
pleasant all the week. The river is four tenths of a foot above
268,000 16,000 257,000 19,000 186,000
high-water mark and stationary. The theimometer has A llothêr ports. 13,000
3,000
63,000
5,500
85,000
2,000
51,500
ranged from 40 to 74, averaging 54.
15,000 353,000 19,000 320,000 24.500 237,500
Nashville, Tennessee.—Telegram not received.
Mobile, Alabama.—There has been no ram all the weelr.
A l e x a n d r i a R e c e i p t s a n d S h ip m e n t s .— Through arrange
The thermometer has averaged 60, the highest being 76 and
have made with
Co., of
the lowest 40.
. . .
_ . ments we and Alexandria, Messrs. Davies, Benachi &cable of
we now receive a weekly
Montgomery, Alabama.—The weather has been warm and Liverpool
dry all the week, and planting has progressed well.
The the movements of cotton at Alexandria, Egypt. The following
thermometer has averaged 57 7.
i mu are the receipts and shipments for the past week and for the
Selma, Alabama.—W e have had no ram all the week, in e corresponding week of the previous two y^ars.
thermometer has ranged from 37 to 79, averaging 56’5.
Alexandria, Bavpt,
1885-86
1884-85.
1886-87.
Auburn, Alabama.—There has been no rain all the week,
Mar. 16.
but the weather has been cold most of the time with strong
Receipts (oantars*)—
March winds and killing frosts on Monday, Tuesday and
23,000
26,000
43,000
This w e e k ....
Thursday. Average thermometer 56, highest 75, lowest 32.
2,743,000
3,213,000
Sinoe Sept. 1
Madison, Florida.—W e have had no rain all the week.
This
S in ce
This
Sine*
Since
This
There has been killing frost on one night. The thermometer
week. Sept. 1. week. Sept. 1. week. Sept. I
has averaged 58, ranging from 84 to 77.
Exports (bales)—
Macon, Georgia.—There has been no ram all the week.
3.000 230.000 1.000 202,000 4.000 277,000
To L iv e r p o o l....
Columbus, Georgia.—W e have had no rain all the week.
3.000 124.000 5,000 128,000 5,000|146,000
T o C on tin e n t. . .
Average thermometer 50, highest 64 and lowest 34.
6,000^354,000 6,000 330,000! 9.0001423.000
Savannah, Georgia.—The weather has been pleasant dur
T otal E urope.
ing the week with no rain. The thermometer has averaged
* A oantar Is 98 lbs.
55, the highest being 75 and the lowest 40.
This statement shows that the receipts for the week ending
Augusta, Georgia.—There has been no ram all the week.
The weather has been cold and windy. The thermometer has Mar. 16 were 20,000 cantars, and the shipments to all Europe
6,000 bales.
averaged 52, ranging from 31 to 78.
',
.
Albany, Georgia.—The weather has been cold and dry dur M a n ch ester M a r k e t .— Ou r rep ort receiv ed b v cable to-night
ing the week, with light frost. Average thermomater 57, fro m M anchester states that th e m arket con tin u es firm for yarni
¿highest 77, lowest 40.
.. and steady fo r shirtings. W e g iv e th e prices fo r to-day below,
Charleston, South Carolina.—There has been no rain all and leave those fo r previous w eeks o f this aud last year for
the week. The thermometer has averaged 53, the highest be co m p a ris o n :
ing 07, and the lowest 39.
1836.
Stateburg, South Carolina.—W e have had no ram all tne
1887.
week, but enow fell on Thursday to an inappreciable extent.
Coite
Oolt'n
814 lbs.
M .
id
8*4 lbs.
32s Oop.
There has been killing frost and ice on one night and light
Mid. 32s Cop.
Shirtings. U ld
Twist.
Shirtings.
p s
Twist.
Uplds
frost on one. The thermometer has averaged 50 5, ranging
from 82’5 to 74.
. -■
,
d. . d. s. d. s. d. d.
d.
d.
d. s. d. s. d.
Columbia, South Carolina—The weather has been dry dur Feb 11 71« « 7 % 5 913*6 101« 51« 6l5la»7l3 ft 7*3 07 1 4*‘u
*1
ing the week with light frost. The thermometer has ranged
« 18 7i8 » 7 % 5 9*306 101« 51« 61318®738 5 7*3 »07 1 4* 1
43»
1
4 5 7 7
» 25 7% ®73t 5 91s ®6101 s 53te 6 1 -13®7 *
from 32 to 72, averaging 52.
„
*« 4i*i,
Mar 4 71« « 7 % 5 9 i s » 6 10H Si* 6 % »7 *8 6 5 7 ® 7 O
Wilson, North Carolina.—W e have had no ram all the
*1
(.
11 78lf,_ 7 is 1 5 9 0 6 10*2 S»,« 611ift®751 5 7 ® 7 0*« 4* 1
week, but enow has fallen. Average thermometer 45, high- 1“ 18 7S)6-7 l» m 5 9 ® 6 10is 5*8 6i3ie®7TJ0 5 7 » 7 0*« 5
est 60 and lowest 80.
_.,
C h a r l e st o n & S a v a n n a h R eceipts , E r r o r in .—C
orre*
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock spondeoce with our representatives at Sivannah and Charles
Mar. 17, 1887, and Mar. 18, 1886.
_______ ________ ton brings to light the fact that between September 1,1 8
8 «,
Mar. 17 ,’87. Mar. 18, ’86. and March 1, 1837, there were 27,280 bales of cotton which
ere
Feet. Inch. Feet. Inch. passed through Savannah en route to Charleston, and w
3
12
9
Hew O r le a n s .....___ A bove low -w ater mark. 13
counted in the net receipts of each of the two ports— in
or,
6
15
4
...................... A bove low-water mark. 36
3
1
7
16
other words, were twice counted. W e have always allotted
N ashville................................. A bove low -w ater m ark.
O
15
2
18
Shreveport...............................Above low-water m ark.
cotton to the outport at which it first appears, and applying
5
32
44
0
V icksburg.. . . . . . . ....A b o v e low -w ater mark.
this rule to the present case, the 27,280 bales ought, it w
ould
INDIA UOTTOJN m u V KMUivj. r eturn axuli x u n i o . —
seem, to be counted in the net receipts at Savannah, though
and shipments of cotton at Bombay have been as follows fei
they also appear in the gross receipts at Charleston. We h ve
a
the week and year, bringing the figures down to Mar. 17.
made special inquiries in the matter from our correspondent
BOMBAY RECEIPTS AND SHIPMENTS FOR FO UR YE A R S .
at both of the ports affected, and from each have received
Receipts.
Shipments this week• Shipments Since Jan. 1.
elaborate explanations in reply. There is evidently gom
e
This
Tear Great Conti Total. Great I ContiTear.
Total.
Week.
little misunderstanding still, but this week we deduct th
e
Britain', nent.
Bril’n. nent.
amount from Charleston and leave it in the Savannah total
11,000 13.000 61.000 207.00C 268.000 47.000 478.000
1887 2,000
455,1 u©
O
1886 1,000 15.000 16.000 72.000 185,000 257.000 60.000 300.000 Should further investigation show that we are incorrect m
1885 5,000 14.000 19.000 47.000 139,000 186.000 38.000 495.000 thus disposing of the matter, we shall, of course, make th
53.000
e
1884 24,000 10.000 34.000 I58,000|l82,000 340,000
proper readjustment.
According to tne roregomg, ooxuuay »ppeaxn «,«
E a st I n d ia C r o p .— F rom the B om b a y C om pany’s (limited)
decrease compared with last year in the weeks receipts of
13 000 nales, and a decrease in shipments of 3,000 bales, and C otton R eport, dated F ebru ary 11, w e have the follow ing:
the shipments since Jan. 1 show an increase of 11,000 bales.
A fe w fa m p le b ales o f co tto n h a v e been re c e iv e d f r o m ^ ® S e
The movement at Calcutta, Madras and other India ports foi u g * e r d ittr.cte , and show sa tisfa cto ry q u a lity , b o th as r e a r a s
the last retorted week and since the 1st of January, for two a n d colo r. R eu orts o f the g r o w in g cr o p s in bruzerat and Kattw
t is to
o the B roa
p s—
j^ ^
years, has been as follows. “ Other ports” cover Ceylon, thhaere hassay ,e n f unusuallychoaud D h o lle ra crooth d.a re 'n o tv m e etrm o m^T
be
c ld w eather in b
istricts,
ex
Tuticorin. Kurrachee and Coconada.
eter in som e places a lm ost to u ch iu g fre e z in g p oin t. This winmuse
Shipments fo r the week.
Great
Britain.
C a lc u tta 1887.........
1886........
C onti
nent.
1,000
1,000
1,000
Total.
2,000
1,000
M a d ra s-
Great
Britain.
25.000
19.000
Continent.
d e v e lo p m e n t o f th e bolls, w h ich a re n o w at a cr itica l stage,
fe a re d th a t b oth q u a lity an d q u a n tity w ill he affected thereby.
Messrs. Gaddum, Bytbali & Co.’s circular of the same da
O u r re p o rts fro m th e B roa ch a n d D h o lle ra d istricts
less sa tisfa cto ry n a tu re than hith erto, o w in g to ve ry jm v e re
b e e n e x p e rie n ce d d u rin g the greater p a rt o f tun w e e k .
, l t ani
a b le w e a th e r w ill fu rth e r re ta rd th e m atu rin g o f th e P »
wtll
2,000" re p o rts are cu rre n t th a t the cro p s h a v e b e e n dam ‘■ged aRO, i'“ " p e c #
2,000 e x te n t is n o t y e t a scertain ed . T here is no im p ro v e m e n t in the
o f th e T in n e v tlly , D h arw a r, W estern, & c., crop s.
,,
eje
63.000
33.000
20,000
28.000
'¿,000
1,000
1,000
Total.
38.000
14.000
2,000
2,000
1887....... .
1 8 86........
A ll others—
1887........
1886........
T otal a l l 1887.......
1 8 86.......
Shipments since J anuary 1.
2,0o0
13.000
18.000
7,000
10,000
1,000
2,000
2,000
3,0b0
40.000
39.000
45.000
24.000
The cottou crops iu the Northwest Provinces a n d U u a n
reported on by the Government under date of C alcutta,
85.000 uary 29, as follow s:
63.000 ' The final forecast of the cotton crop of 1936 is as follows.
M
W
*
Ma r c h
THE CHRONICLE
19, 1887. J
Area —'The total area o f the previous year (corrected^ hy omission o f
« manua” or “ radhia ” cotton, which flowers in March) and the area
under the present crop are shown in the follow in g table :
Area
Total'area
Total
Under Cotton under Colton av’gi area
Division.
in 1836;
in 1885.
1875-’85.
Northwestern P rovinces.................. 1,767,987
1,583,117
1,359,367
Oudh................................ .
93,135
72,030
53,879
375
Mobile —F or Liverpool—Mar. 1 4 -B a r k Neophyte. 3,722.
S a v a n n a h — For B rem en -M ar. 15—Steamer Meroedes, 6,540.
F or R e v a l-M a r. 14—Bark Nellie T. Guest, 3,225___Mar. 15—
Steamer Nymphaea, 6,000.
For Palma Majorca—Mar. 11—Bark Santiago, 110.
C h a r l e s t o n —For Liverpool—Mar. 12—Bark Rieonoseenza, 1 ,5 8 1 .
For Elsinore or Christiansand—Mar. 1 1 —Bark Alborga, 2 .0 7 5 .
No r f o l k — For L iverp ool-M a r. 11— Bark Prinz Hendrik, 1 ,7 9 7 . . . . M a r 1 4 —Steamer Carolina, 4 ,5 3 3 .
B oston —For Liverpool—Mar. 8—Steamer Bulgarian, 1 ,8 0 2 ....Mar. 9 —
Steamers Catalonia. 1,638; Iow a, 3,153.
B a l t im o r e —F or Antwerp—Mar. 14—Steamer Mareca, 3 15 .
P h il a d e l p h i a — For Liverpool—Mar. 1 1 -S tea m er British King, 9 4 4
— Mar. 16—Steamer Lord Clive, 1 ,7 0 7 .
Northwestern Provinces and Oadh.1,861,122
1,655,117
1,413;246
The present area thus exceeds that o f the previous year b y 205,975
acres, and the “ normal ” area b y 447,876 acres, or taking 100 to denote
the normal area, the area o f the present crop stands at 131. This large
excess Is obiefly due to the early setting in o f the monsoons and the gen
erally favorable season. The large excess over last year is in some
Cotton freights the past week have been as follows :
measure due to the wholesale destruction by floods o f large tracts of
cotton in 1885.
Satur.
Mon.
Condition.—The inform ation under this head has been obtained from
Tues. Wednes. Thurs.
Fri.
the selected zam indars o f districts, The average condition o f the crop
L ive rp o o l, steam d.
according to their bulletins, taking 100 to represent full average crop,
764
832®764 882®764 833®704
8S9
s32
Is as fo llo w s : The Doab, 70; Hundelkhand, 40; Rohilkund ana Tarai
Do
s a ll...d .
....
....
. . . .
66; Benares Division and Jaunpur, 50; and Oudh, 50.
H a v re , steam . . . e . B1S®U 32 B16®U 32 B16®1132
b 16®1132 Bie ® 1132 B16®1,39
Outturn.—Adopting the standards o f full outturn accepted last year,
Do
s a i l . . . . . . e.
and modifying them in proportion to the condition o f the present crop,
the total outturn o f the 1886 crop w ould be 45,000 tons. If the local Brem en, s t e a m .. e.
1SS2
1S32
1S83
1332
1339
1332
consumption be put at % lb. per head o f population, whioh is believed
Do
s a i l___ c.
to be very near the mark, the total quantity required for local consump
H a m b u rg , steam.c.
tion would be about 15,000 tons, leaving 30,COO tons fo r export.
HS2® ^ 1132® *8 H32®^6
n 32
1]33
Stocks and Trade.—The total outturn estimated last year was 40,000
Do
s a il......
tons; the net export by rail from 1st Ootober, 1885, to 30th September, Amet’d ’m , steam e.
40*
40*
40*
40*
40*
40*
1886, amounted to 38,370 tons. Traffic b y road was not registered
....
D o v ia L e it h . d.
during the year; in 1878-79, the imports from Rewah, Native Bundlekhand, Gwalior, Rajputana and the neighboring districts o f the Punjab R e v a l, s te a m ....d . 1384-1B64 1864-lBfl4 1364~1B64
13e4-15i4 iSM - l B , 4
1864-1B64
amounted to 11,967 ton s; the im ports from fiundlekhand and Gwalior
....
... .
....
Do
s a il...........d.
during 1885-86 have, aooording to the merchants o f Gawnpore, been
13,4
muchlarger than in 1878-9. Taking the total imports by road at 15,000 Barcelona,steam d.
1364
*304
” «4
1384
1864
tons, the surplus left o f the previous crop was a little over 1,600 tons, Genoa, s te a m . . . . d.
782
7S2
732
7S9
7sa
732
and the etock of cotton in the United Provinces at the end o f the harvest Trie s te , steam . ..d .
” «4
1764
1764
may be estimated at 45,630 tons.
” «4
17«4
” 64
J ute B utts , B a g g in g , & c .— Only a moderate trade is being
A n tw e r p , steam .d.
1 ’®a64
e
*80®64
^ 3 »a*
1 ® 0S4
S
*0 ®®64
* Ter 100 lha.
done in bagging and the market is quiet. Prices are un
changed and in buyers’ favor at 6@6J^c. for V£ lb., 6J/@ 8^c.
L i v e r p o o l .— By cable from Liverpool we have the following
for 1% lb., 7@ 7^c. for 2 lb. and
7%c. for standard «tatement of the week’s sales, stocks, &c., at that port. W e
grades. A light call is reported for jute butts, but some sales add previous weeks for comparison.
are being made on the basis of l'7 0 @ l^ c , for paper grades
and 2@2i£c. for bagging quality.
Feb. 23.
Mar. 4.
Shipping News.—The exports of cotton from the United Sales o f the w e e k ........b a le s .
States the past week, as per latest mail returns, have reached
Of w hich exporters t o o k . . . .
Of w hich speculators took ..
78,470 bales. So far as the Southern ports are concerned, these
Sales A m
are the same exports reported by telegraph, and published in Actual e xerican ......... . . . . . .
p ort...................
the Chronicle last Friday. With regard to New York we Forwarded......... . ................
include the manifests of all vessels cleared up to Thursday. Total atook—Estimated............
New Y o r k
t j-----------l
-------- * - w ■
-
Total hales.
267
To Hull, per steamer Otranto, 1,165
To Havre, per steamer La Gascogne, 39 8............
To Bremen, per steamers Ems, 4 8 ___Werra, 1,250
” .........
To Amsterdam, per steamer Zaandam, 41 0............ ..................
To Antwerp, per steamer Westernland, 1,5401” ” ! '* ............
To Genoa, per steamers Columbia, 1 ,5 6 8 ..-L e tim b ro , 1 5 6 !!
New Orleans —To Liverpool, per steamers Areoibo, 3,586
Haytian, 5 ,3 5 0 .........................................................
’
To Bremen, per steamer Neto, 4 , 7 0 0 . . . . ! ! . ! ! ! ! ........................
........................
To Reval, per bark Matts August, 2 ,0 0 0 .....
To Narva, per bark Palermo, 2,695...................
.....................
To Salerno, per bark Vittoria M., 1,728 ............ ! .......................
8A mNNAH—To Liverpool, per bark Valona, 1,845......
V
............
T o ^ ™ i , per ship Germanic, 4 ,6 0 0 ....per bark' Óloi GÌàs,
12,400
1,165
398
i 298
* 10
4
q 540
1/724
8 936
4*700
2 ’000
2’fl9^
1*728
I*8 i 5
To Barcelona, per steam erÄVhdeü,’ 3,550’ ” ! ! ' ........................ 3’ *=0
To Malaga, per steamer Ashdeli, 1,300....................................... 1 300
Liverpool, per bark Baroma, 1.449. ' ' ........... 1*449
To Elsinore, per bark Navigatore, 2 ,0 7 8 ___
2*078
To Barcelona, per bark Antonio Jane, 2,700.........!'.................
2*7nn
Galveston—To Liverpool, per steamer Princess, 5,124*'" per
’
bark Mattia, 1 ,1 9 2 ............................. .
v
6,316
Wilmington—To Reval, per bark Hjemm*et,"i",367” ! ! .................
1,367
NORFOLK—To Liverpool, per steamer South wold, 5,326 ! ! ! ’ " " '
o 326
5,326
ualtukjre—To Liverpool, per steamer Mentmore, 2,152
"
2 152
_ 10 Rotterdam, per steamer Lero, 3 3 ...........................
.........
’ m
BOSTON— Liverpool, per steamer Palestine, 2,123 ! ! ! ! ! ! ! ! !
To
2 123
Philadelph ia —:To Liverpool, per steamer Montreal, 2 ,6 2 8 * !!!!! 2*628
Total.
charleston—To
7 8 ,4 7 0
The particulars of these shipments, arranged in our usual
form, are as follow s:
6
Hot1erd.,
Bar ceAmster- Reval, Iona
dam Narva and Genoa
Liver■
and
and Mai- and
_
pool. Havre. Brem. Antw. Blsin’e. aga. Salerno. Total.
New York. 12,409
398 1,298 1,950 ...................... 1,724 18,944
« . Orleans. 8,936
4,700 ......... 4,695 ......... 1,728 20,059
Savannah.. 1,845
. . . . . . 6,600 4,8öO
13,295
Charleston. 1,449
......... 2,078 2,700 ...
6,227
Galveston. 6,316
6,316
Wilm’gton.
1,367
1,367
_ 5,326
Noriou_
5,326
Baltimore. 2,152
""¿à
2,185
Boston...
2,123
2,123
Philadel’ia! 2,628
2,628
T otal... 43,184
398 5,998 3,350 13,373 7,550 3,452 78,470
Included in the above totals are from New Y ork to Hull, 1,165 bales.
Of w hich American—Estim ’d
Total im port o f the w e e k ......
O f w hich A m erica n . . . . . . . . .
Amount afloat............................
Of w hich Am erican ...............
Or l e a n s - tr “
__ .
V a a u iv / p , w . V U U , r i l l H J O A U i a U t j U , £t
For n t t ? f rs1 lo r idlan>4 >
J
43° ; San Francisco, 4,750.
11—Bark Florida, 4,064.
B ari
l 2 “^ tea?\ersa Crefc8’ 3,300; W allachia, 3 ,5 5 0 ;
Ä
Ä
Ä
K
S
S
r
5 0’7 0
B Ä A T Ä U a l i f g S ' G,6,iao'">t' 6.657 .... Mar. 1 5 -
Mar. 11.
65,000
5,000
7,000
44.000
8,000
24,000
930,000
737,000
55,000
33,000
266,000
211,000
66,000
4,000
5,000
43,000
4,000
20.000
947,000
745,000
98,000
64,000
268,000
213,000
6 5 .0 0 0
3 .0 0 0
7 .0 0 0
4 5 .0 0 0
6.000
1 9 .0 0 0
9 8 3 .0 0 0
7 4 0 .0 0 0
66.000
5 1 ,0 0 0
2 8 6 .0 0 0
2 3 8 ,0 0 0
»“ d unDiiiwi uuu&Di iur sputa auu tutures eacn
day o f the week ending Mar. 18, and the daily closing prices
of spot cotton, have been as follows:
Spot.
Saturday Monday. Tuesday.
Market, /
12:30 p . m . \
Upl’ ds. . . . .
Mid. Orl’ns.
Mid. Sales .
Spec. & exp.
Firm.
Dull.
Firm.
6Bia
530
8,000
1,000
5b16
530
10,000
1,000
5Btfl
530
10,000
1,000
Futures.
Market, Ì Steady at Quiet at
12:30 p . m . J partially 1-64 de
1-64 adv.
cline.
Market» Ì
Very
Quiet.
5 P. M. } steady.
Steady.
Barely
steady.
Wednes. Thursd’y. Friday.
Good
Harden!’g demand.
5%
8*16
530
» 710
10,000
15,000
1,000
3,000
Steady.’
530
®7lff
10,000
2,000
Steady at Steady at Steady at
1-64 ad 1-64 ® 2-64 1-64 devance.
decline.
chne.
Quiet and
Very
Firm.
steady.
steady.
The opening, highest, lowest and closing prices of futures for
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
. W aT£6 P™ *? “ re ffiven in pence and 6ilhs, thus: 4 6 3 means
4 6 3 -6 4 d.. and 5 0 1 means 5 l - 6 4 d .
S a t., Mat*. 1 2 .
Olon., M a r. 1 4 .
Open High Low. Clot. Open High Low. Clot
<.
*
4.
M arch...
518 518
Mar .-April.. 518 5 18
April-May.. 518 518
May-June . 519 519
June* July.. 521 5 21
Ju ly-A u g... 5 23 5 23
A ug.-Sept.. 5 21 5 24
Septem ber. 5 24 5 24
Sept.-O ct... 518 518
a.
4.
d.
d.
518
518
518
519
5 21
5 23
5 24
5 24
518
518
5 18
517
517
517
518
5 20
5 21
5 23
5 23
617
d.
517
517
517
518
5 20
5 21
5 23
5 23
517
517
517
517
518
5 20
5 21
5 22
5 22
518
519
5 21
523
5 24
5 24
518
W ednes. M a r .1 6 .
J . ? 0w w eaddthe clearances this week of vessels carrying
,
lates^datesr Umted Statea Port3> bringing data down to the
Galveston- F op Liverpool—Mar. 1 2 -B a r k Paragon, 2 ,5 0 1 ....M ar. 15
N,, „ 'Bark Amicizia, 1,821.
69,000
7.000
7,000
53,000
6,000
22,000
960,000
762,000
129,000
100,000
229,000
180,000
M arch........
Mar.-Apr ..
Apr.-May ..
May-June..
June-July..
July-A ug ..
A ug.-Sept..
Septem ber.
Sept.-O ct...
516
d.
517
517
517
518
5 20
5 21
5 22
5 22
516
T hn re., M a r . 1 7 .
T o e s ., M a r . 1 $ .
Open High Low. do»
d.
d.
d.
518 518 518
518
518
519 519 519
5 21 5 21 5 21
5 23 5 23 5 22
5 23 5 23 5 23
5 24 5 24 5 24
518 518 518
518 518
518 518
d.
518
518
018
519
5 21
5 23
5 23
524
518
F r 1.. M a r . 1 8 .
Open High Low. Clot. Open High Low. doe. Open High Low. dot
d.
d.
d.
d
d.
d.
d.
d.
d.
d.
d.
d.
520
5 20
5 20
5 21
5 22
5 24
5 25
5 25
5 19
5 20
5 20
5 20
5 21
522
5 24
525
5 23
519
5 20
5 20
5 20
5 21
5 22
5 24
5 25
5 25
519
5 20
5 20
5 20
5 21
5 22
5 24
5 25
5 25
519
5 23
5 23
5 23
5 24
5 25
5 23
5 27
5 27
5 21
5 23
5 23
5 23
5 24
5 25
5 26
5 27
5 28
5 21
5 23
5 23
5 23
5 24
5 25
3 26
5 27
5 27
5 21
5 23
5 23
5 23
5 24
5 25
5 26
5 27
5 28
5 21
5 23
5 22
5 22
5 22
5 23
5 24
5 26
5 27
5 20
5 24
5 24
5 24
5 24
3 23
5 26
5 28
5 29
5 22
5 22
5 22
522
5 23
5 23
5 24
5 26
5 27
5 20
5 24
5 24
5 24
524
5 255 26
5 28
5 29
5 22
IME (JMEUJNICLU.
376
B RE A D S T U F F S .
' F r i d a y , P . M., March 18,1887.
The flour market opened quite depressed, but prices under
went no quotable decline, and the demand afterward showed
come improvement at full figures«
The wheat market continued severely depressed early in the
week under review. Dull foreign advices and vigorous
attacks from the Bear party, completely demoralizing
speculative holders, were the most active influences.
On Wednesday a check' was given to the downward
course of values, and the close was at a slight recovery,
although Bulls did not get much encouragement from other
markets. There was some further advance yesterday in the
face of dull foreign advices, the weather not being favorable
to the young plant, and confidence increasing that all our sur
plus will be wanted. To-day there was a further advance in
speculative values. Foreign advices were stronger, and the
effect of the Inter-State Commerce bill on through freights
was an element of strength here; but in the closing dealings,
owing to dull trade, moBt of the early advance in futures was
lost.
DAILY 0 LOSING PBIOBS OF NO. Z BED WINTER WHEAT.
Sat.
91%
9214
91%
90 >0
90%
91is
94%
Mon.
91
91%
91%
90%
90%
91
94*8
Tues.
90%
91%
91
89%
89%
90%
94%
Wed.
90%
91%
91%
90%
BO
90%
94%
99%
Thurs.
91%
92%
91%
90%
90%
91
94%
99%
Fri.
91%
92%
91%
90%
90%
91
94%
99%
....
....
May, ’88, delivery...........
In dian co rn had a d ow n w a rd ten d en cy u n til yesterday.
S p ecu la tion w as sluggish a nd the e x p ort dem a n d v e ry sm all.
T h e im provem en t yesterday w as n ot attended w ith m u ch a ctiv
it y . To-day fo reig n advices w ere du ll, but this m arket w as Arm
DAILY CLOSING PRICES OF NO. Z MIXED CORN.
—
...
M ay delivery........................
...
June delivery...................
April delivery........
Sat.
49%
49%
*9%
49%
4.9»a
Mon.
49
49%
49%
Tues.
48%
49
49%
50
Wed.
48%
48%
48%
49%
Thurs.
48%
49
49
49%
Fri.
48%
48%
48%
49%
... .
July delivery........
Oats w ere du ll and low er early in the w eek , a nd did n ot
m ak e any m aterial recov ery u n til yesterday, w h en th e regu lar
trade w as quite a ctive, w ith a brisk speculation. T o-day th e
m a rk e t w as very firm , but the close was q u iet.
The receipts of flour and grain at the seaboard ports for the
week ended March 12, 1887, follow:
Com,
bush.
323,400
78,385
550
169,477
582,665
4,277
537,874
Oats, Bariev.
bush.
bush.
VMM.
237,COO 108,125 12.100
61,222
4,075
22,450
5,050
88,130 44,400
41,130
12,280
14,856
. 236.125 1 .167,550 1,696,623
Oor. week ’ 86. . ¡220,879 276,8 J4 31,156,539
477,078 161,650 18.900
620.990J 220,950 11,700
Flour,
bbls.
New Y ork . . . . .. 81,356
Boston_______ . 51,351
.
4,416
Philadelphia.. . 10,216
. 74,614
B a ltim ore.....
3,300
Richm ond....... .
New Orleans.. . 10,872
Wed.
34%
34%
34%
Thurs.
34%
34%
34%
Fi i.
34%
34%
34%
Flour............bbls.
1887.
2,837,234
*1886.
2,245,714
*1885.
2,943,666
*1884.
2.667,575
W heat........bush.
C o r n .... . . . . . . . . .
O a t s ... .. . . . . ..<•
B a rle y .. . . . . . . . . .
R y e ..... . . . . . . . . .
7,986,847
11,074,981
5,864,115
1,286,021
142,801
1,925,437
26,462.477
6,459.596
1,628,813
96,383
6,816,303
24,689.427
6,420,728
1,595,582
224,520
8.755,852
11,097,557
3,939,754
1.078,033
458,908
T otal g r a in ....
26 ,854,765
36,572,706
39,746,510
20^930,104
* Include one week extra.
The exports from the several seaboard ports for the week
ending March 12, 1887, are shown in the annexed statement:
Exports
from—
New York
B oston ...
Portland.
N. News.
Phlladel.
Baltim’r«
N. O rl’ns
Klchm’nd
Wheat.
Com.
Bush.
902,097
13.570
21,347
Bush.
404,857
46,526
261,656
92.000
36,057
32,000
510,972
103,671
Tot. w ’k 1,326,637 1,093,026
’me time
395,954 1,711,398
1886.
Oats.
Rye.
Peas.
Bush.
1,461
Bush30,078
Bush.
7,373
17,607
17,891
210,868
1,461
30,078
102,748
94,232
Flour.
Bbls.
96,139
15,460
3,761
1,660
1,704
89,470
661
2,000
42,851
136,987
The destination of the exports is as below. W e add the
corresponding period of last year for comparison.
1886.
Week.
Mar. 13.
1887.
Week,
Mar. 12.
CJn.Klng.
Contin’nt
8. A C. Am
W. Indies
Brit, c o l’s
Oth.o’n’ts
Bbls
159,936
4,583
21,129
21,426
3,578
216
210,868
Oorn.
Wheat.
Flour.
Exports
for week
to—
T ota l...
barley m a lt have
Wheat,
bush.
561,550
64,224
4,100
223,808
228,633
13,235
72,000
The total receipts at the same ports for the period from Jan,
1 to March 12, 1887, compare as follows for four years:
DAILY CLOSING PRICES OF NO. 2 OATS.
Mon. Tues.
Sat.
1*
4
/Sat.
34%
April delivery..................... 34%
34% 34
34%
Mav delivery..................... 34%
34% 34%
34%
June delivery.................... 34%
34% 34%
R y e is quiet and u n ch anged. B arley and
.been fairly a ctive at prices fa v orin g buyers.
T h e fo llo w in g are the closin g quotations :
r?0L. x L iv .
Bbls.
60,093
9
20,951
10,688
10,771
236
1887.
Week,
Mar. 12.
Bush.
845,806
480,831
102,748 1,326,637
1886.
1887.
Week.
Week.
Mar. 13. Mar. 12.
Bush.
278,654
117,300
1886
Week,
Mar. 13.
Bush.
Bush.
731,030 1,073,285
356,021 629,648
3,091
2,096
7,494
5,727
187
642
153
395,954 1,093.026 1,711,398
FLOCK.
«•ine................... $ b b l. $2 30® $3 00 Southern bakers’ and
family br d s .. $ bbl $4 00®$4 40
¿Superfine___ . . . . . . . . . 2 60® 3 25
¿Spring w heat extras. 3 30® 3 60 Bye flour, superline.. 2 60® 2 90
lin e .................
2 10® 2 25
aC n n.olear andstra’t. 3 65® 4 65
W intersM pp’g extras. 3 30® 3 60 Corn meal—
Western, <5*0........ 2 40® 2 80
W inter X X & X X X .. 3 80® 4 70
Southern supers.........
Booth’ n com . ex tras
Brandywine.......... 2 75® 2 80
3 20® 3 35 B’kwh’ t flour, 100 lbs 140® 1 55
3 50® 3 901
0 *na¡
GRAIN.
W heat—
.
.
S pring,per bu sh.
¿Spring No. 2 . new
H e d winter, No. 2
R ed w in t e r .........
W hite...................
Corn—West, m ixed
AW est. m ix. No. 2 .
W est, w hite.........
West, y ello w .......
W hiteSouthem . .
Y ello w Southern.
9
«
®
®
86 ®
47 ®
48%®
47 ®
47 ®
52 ®
48 ®
Rye—
98
State & Pa., $ bush. 56 ®
94 Oats—M ixed.................34 ®
931« White.......................... 36
®
97
No. 2 m ix e d ......... 34%®
96
No. 2 w h ite ..............37%®
51
Barley—Canada. . . ; . . 68 ®
50%
Two-rowed State.... 57 ®
52
Six-rowed State...., 62 ©
52
Malt—State, 6-ro ved. 72 ®
58
State, 2-rowed......... 67 ®
52
Canada... ................. 80
®
1Peas—Canada.......... . 64 ®
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, andin transit by water, March 12, 1887 :
In store at—
Do afloat.
A lbany.........
B u f f a lo ..... .
59
37
41
36
38%
75
58
65
74
69
85
65
I T he movement of breadstuff to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at Western
¿
¡„Ira and river ports, arranged so as to present the compara
tive movement for the week ending March 12, 1887, and since
Jiffy 81, for each of the last three years:
Oorn,
Oats,
Wheat,
bush.
bush.
bush.
5,566.980 1,821,086 849,359
26,500
94,000
80,800
19,500
„
9,597
60,009
229,898
.. 2,234,447
5,993,490 1,062,458
.. 12,408,858
222,120 2,177,039
3,521
100
3,785,231
„
Chicago........
Do afloat.
M ilwaukee...
Do afloat.
Do afloat.
T o le d o .... ...
Do afloat..
Oswego.
C in cin n ati...
B oston ...........
T o r o n to ......
M ontreal. . . .
Philadelphia.
Peoria........... .
Kansas C ity ...
B altim ore. . . . .
Do afloat...
.
..
„
,.
„
..
10,251,577
......
'i d i onñ
...
44,923
3,406.939
22,500
38,532
2,261,541
73.000
115,000
2,941,695
2,754.968
47,000
51,000
332,764
114,343
168,407
59,208
298.557
309,435
286,027
8,059
77,590
41,445
328,321
210,598
492,136
673,246
Rye,
bush.
22,415
10,000
26,000
27,855
159,316
Barley,
bush,
151,812
50,000
117,000
205,265
205,870
9,325
294,472
...........................
_____
_____
34,205
20,497
38,055
310,479
77,000
354,199
16,906
103,488
109 379
895,390
275,310
18,390
16,800
36,274
16,000
1,421
4,249
12,791
17,179
1,040
4,174
17,404
311,400
35,422
21,000
48,103
202,827
60,654
4,726
7,470,881
'02R.000
_
_____
......
St. Paul.
Rye.
Oats.
Baxley.
71,100
152,880
298,735
On lakes..............
94,200
......
......
BbU.VMlb* Bush.60 lbs Bush.W lbs Bush.32 lbs BushASlbs Bush.b» V
54,200
.........
......
237,012
745,859
11,922 On canal & river.
882,826
201,487
07,698
•Chicago.......
43,430
2.400 Tot. Mar. 12, ’87. 54.267,280 15,523,523 4,346,840 399,044 1.725.955
22,950
10,080
103,110
72,459
¿Milwaukee...
5,762
3,225
1,500 Tot. Mar. 5, ’87. 55,781,463 15,734,300 4.583,585 413,358 1,853,511
28,255
06,140
5,863
^Toledo.........
49,323
26,896
68,333
Tot. Mar. 13, ’86. 50,860,421 14,616,867 2,112,813 642,424 1,126,991
141,074
4,026
¿Detroit........
1,539,660
’85* 43,772,372 8.412,478 3,020,419 435,240 1’Zññ'áoQ
8,000
20,500
28,000
48,600
4,080
Cleveland...
....... Tot. Mar. 14, ’84* 30,226,660 16,980,809 4,993,518 2,191,202 2,039,62»
1,650 T ot. Mar. 15,
151,625
56,568
287,255
57,060
23,841
<8t. Louis. ...
196,100
69,500
23,400
11,200
18,000
1,060
•Peoria..........
* Minneapolis and 8t. Paul not inolnded.
22,510
Duluth.........
N o t e .— Also 60,000 bushels 0 0 m on Ohio River, bound e a s tw a rd .
28,672
688,800 1,366,749 1,199,619
398,531
207.086
Tot. wk. *87.
E x p o r t s o p B b e a d st u p p s f o r F e b r u a r y , 1887.— The follow
899,802
29,093
614,028 2,281,908 1,050,434
153,425
- ggme wk.’86.
066,583 2,020,207 1,034,616 ' 558,406
57,985 ing made up from the statement issued by the Bureau of Statis
Same wk.'85.
176,700
tics shows the exports of domestic breadstuffs from the under
. Since July 24
1886-7.. .. 6,753,136 66,469,001 57,503,765 44,015,082 18,482,081 1,558,123 mentioned customs districts of the United States for the
1885-6.. ... 5,310,204 45,726,823 64,205,785 39,805,818 17,322,814 2,301,901 month of February in 1887 and 1886, and for the eight
1884-5.......
6,538,173 65,205,655 63,376.919 39.751,595 14,103,554 3,908,734 months since July 1, 1886 :
; Rssstvts at—
Flour.
Wheat.
Com.
THE CHRONICLE.
M a r c h 19, 1887. |
February.
Jireadstuffs
Exports.
1886-87.
E Qht Months.
1886.
Quantities
Value. i Qu’ntitiesj Value.
5,678
Ban F.&Wil’m ’te
Other cub. dist’s*
18,725
24,303
Quantities 1 Value.
14,136
410
158,815
$
119,874
13,369
1,014,645
660,845
20,404
10,120 1
Total, barley......
Corn, hush.
$
*19,904
t
4,016
Barley, bush.
New York ........
13,769
1,173,260
780,719
500
Baltluioro.. • »•»
■
491,529 1,873.197
993,576 9,078.603 4.761,248
985.343
98.425
193.87«
297,938
158.157 2,027,742 1,008.206
293,809
102,118
606,702
79,388 1,692,36«
813,090
1,291,341
628,831 2,108,561 1.025,402 5,000,433 2,406,726
737,421
855,595
988,957
483,729 3,716,124 1,773,110
10,141
535
6,00'
26,00«
736
10.703
53,306
120,271
759,54»
381,967 3,047,518 1,252.471
Other cub. dist's*
3,945,095 1,927,060 0,186,051 3,122,754 85,183,78» 12,086,554
Total, corn.......
B a ltim ore..........
6.96«
8,248
867
125
19,220
7,763
958
344
10,359
3,368
100
200
c
81.151
9,281
280
600
78,725
08,513
2,90S
537
225,096
ie7,*99
7,924
1,289
89
Other cus. dist’s*
2,102
5,134
1,672
5,730
24.558
65,991
Total, corn-m eal
12,800
33,423
15,694
47,042
175,814
407,638
Philadelphia......
14,334
125
1,765
6,856
57
692
11,784
150
101
5,102
73
50
San F.&VVil’m’te
Other cus. dist’s*
67
9,517
8,000
34
4,490
870
594
13,960
340
245
8,762
115
160,070
2,758
0,754
1,140
889
63,278
76,192
65,217
1,227
2,774
540
411
29,103
22,»19
28,798
12,499
26,929
9,347
311,087
122,107
230,006
459,500
7,448
12,033
........
1,785,254
62,272
107,538
417,420
148.000
237,000
3,707
10,855
3,570
7,110
59,506
90,809
22,390
104,599
Other cus. dist’s*
7,900
20
260
1
4,800
955,180
14»
10,11»
1,927.482
3,653,990
768,500
3,122,974
..........
69,445
5,265,250
Total, oatm eal..
2,482,630
41,570 14,807,641
894,012
New York............
16,115
8,650
Philadelphia......
3,871
5,300
24,986
13,950
Baltimore
Rye, bush.
82,014 1,864,938
14,518
9,809
14.518
9,8/ '9
Other cus. dist’s*
Total, rye............
Wheat, busts.
2,203
108,385
98,195
3,000
8,871
...........
56,987
1,800
5,300
...........
110,060
64,037
965,957 23.342,207 20,845,504
New Y ork........... 3,225,116 3,006,230 1,044,875
«07,136
16,900
12,800
101,504
85.678
Boston.................
817,908
90,200 0,078,284 5,440,183
281,121
96,306
298,305
Philadelphia......
437,782
236,375
210,300 10,0/4,868 8,777, T10
476,947
B altim ore..........
479,524
413.002
1,803,359 1,557,9(2
New Orleans.......
834,465 3,661,351 2,885,774 19.541,887 16,118,801
9h0.807
San F.&VVil’m ’te
2,880 3,797,377 8,128,785
8,200
880,750 . 343,175
Other cus. dist’s*
Total, w h e a t,..,.
Wheat-flour, bbls
5,892,453 5,401,653 5,058,107 4,178,917 05,534,678 50.087,833
New York............
Boston ................
Philadelphia......
Baltimore...........
New Orleans.......
8an F.a Wil’m’te
Other cus. dist’s*
359,976 1,470,579
140,554
698,817
153,660
37,654
269,235 1,367,093
10.028
2,048
488,942
121.819
200,992
49,095
Total,wheat-flo’r
980,881 4,390,711
221,323 1,002,398
583,698
107,085
138,181
25,200
361,829
76,02»
1,71/6
9,3»8
114,800
454,806
26,272
186,539
2.074,934 11,029,059
1,490,082 7.550,048
257,095 1.140.827
1,607,890 8,287,»11
89,014
172,054
1,013,353 3,985,053
461.428 1,951,910
2,686,949
7,004,402 34,067,459
Baltimore
New Orleans ....
San F.&Wil’m’te
Other cus. dist’s*
5,020,028
902,972
785’l00
2.498.322
779.201
1.344,285
603,478
3,012,170
774,804
311,675
1,611,241
493.312
3,358,485
543,850
Grand total..
11,881,440
10,105.157
a g e s , in c lu d in g 6,059 t o C h in a , 508 t o A d e n , 237 t o V e n e z u la ,
210 t o H a y t i, <fcc. T h e r e w a s a g o o d s t e a d y d e m a n d f o r p la in
a n d c o lo r e d c o t t o n s a t first h a n d s, a n d n e w b u sin e ss , t o g e t h e r
w it h s h ip m e n ts o n a c c o u n t o f b a c k o r d e r s , r e a c h e d a v e r y f a i r
a g g r e g a te a m o u n t.
B r o w n , b le a c h e d a n d c o lo r e d c o t t o n s
r e m a in fir m in p r ic e , a n d s t o o k s a r e e x c e p t io n a lly s m a ll a s a
r u le , n u m e r o u s m a k e s b e in g u n d e r t h e c o n t r o l o f o r d e r s f o r
s o m e tim e t o c o m e . P r in t c lo t h s w e r e in m o d e r a t e d e m a n d a n d
e a sier, sales o f 64x64s h a v in g b e e n m a d e a t 8 % o ., less 1 p e r
c e n t , w h ile 56x60s w e r e d u ll a n d n o m in a l a t 2 ^ @ 8 o . S t o c k s
la st S a tu r d a y a n d f o r th e th r e e p r e v io u s y e a r s w e r e as f o l l o w s :
March 12. March 18, March 14, March. 15.
Stock o f Print Cloths—
1887.
1886.
1885.
1884.
Held b y Providence m anuf’rs. 30,000
110,000 50 »,r00
170,000
Fall R iver m anufacturers... 74,000
53,000 421,000
173,000
47,000 258,000 320,000 272,000
30,000
20,000 350, oOO
75,000
181,000
578,135
Brazos, Texas........... ................ *3,607 I Richmond, Virginia................
$41,977
Detroit, Michigan...................... 21,179 Yorktown, Virginia................
408,426
Huron, Michigan........................ 28,490 1
-------------T o t a l.................................. $603,478
Mew Haven, Conn........ ............
4,620
Portland, Maine......................... 95,279
Note .—This statement inoludes about 98 per cent o i the entire exports o f the
articles named from all ports o f the country.
T H E DRY GOODS T R A D E .
N e w Y o b k , Friday, P. M., March 18, 1887.
O perations b y w h o le s a le b u y e r s o n th e s p o t w e r e o n l y m o d
erate k e p ast w e e k , c o m p a r a t iv e ly f e w o u t - o f - t o w n jo b b e r s
th
having a p p e a re d in t h e m a r k e t.
T n ere w as, h o w e v e r, a g o o d
steady re -o rd e r d e m a n d f r o m th e W e s t a n d S o u t h w e s t, a n d th e
m ovem ent in th is c o n n e c t io n , c o u p le d w it h lib e r a l d e liv e r ie s
on a cco u n t o f fo r m e r tr a n s a c tio n s , r e a c h e d a v e r y fa ir a g g r e
gate a m o u n t. T h e im p e n d in g a d v a n c e in fr e ig h t s f o r c o t t o n
goods has b e e n t h e in c e n t iv e t o fr e e r p u r c h a s e s b y jo b b e r s
from C a lifo r n ia a n d o t h e r d is ta n t m a r k e ts , b u t t h e g e n e r a l
F o r e i g n D r y G o o d s . — T h e d e m a n d f o r im p o r t e d g o o d s a t
first h a n d s w a s ste a d y bu t m o d e r a te , a n d a fa ir d is tr ib u tio n
w a s m a d e b y jo b b e r s . D ress g o o d s c o n t in u e d in s t e a d y r e
q u est, b u t silk g o o d s (o t h e r t h a n a fe w s p e c ia ltie s ) w e r e
lig h t ly d e a lt in .
M en ’s -w e a r w o o le n s a n d c lo a k in g s h a v e
m e t w it h a fa ir sh a re o f a tte n tio n , a n d s o m e p r e t t y g o o d
o r d e r s f o r fa ll s ty le s w ere p la c e d w it h im p o r te r s . F o r lin e n s
an d w h ite g o o d s , e m b r o id e r ie s , la c e s a n d h o s ie r y t h e r e w a s
o n ly a m o d e r a t e in q u ir y b y w h o le s a le b u y e r s , b u t f a ir ly li b
era l sales o f th ese g o o d s w e r e e ff e c t e d b y jo b b e r s , a n d p rio e s
a re p r a c t ic a lly u n c h a n g e d .
I m p o r t a t io n s o f D r y G o o d » .
T h e im p o r ta tio n s o f d r y g o o d s a t th is p o r t f o r t h e w e e k
e n d in g M a r ch 1 7 ,1 8 8 7 , a n d s in c e J a n . 1, a n d t h e s a m e f a c t s f o r
th e c o r r e s p o n d in g p e rio d s a re as f o l l o w s :
th is a c c o u n t t h a n
expected, a n d s e le c tio n s w e r e m a in ly g o v e r n e d b y im m e d ia t e
requirem ents. T h e jo b b i n g tr a d e w a s f a i r l y a c t iv e t h r o u g h ,
out the w e e k , a n d a m o d e r a t e ly la r g e d i s t r i b u t i o n o f b o t h
staple a n d d e p a r t m e n t g o o d s w a s e ff e c t e d b y a l l t h e le a d in g
houses in th is c i t y , a lt h o u g h t h e r e w a s n o r u s h o r e x c it e m e n t .
A ccou n ts f r o m m o s t o f t h e in t e r io r m a r k e ts a r e q u it e e n c o u r
aging, a n d it is e v id e n t th a t jo b b e r s a t s o m e o f t h e p r in c ip a l
d istribu tin g p o in t s i n t h e W e s t a n d S o u t h a r e d o i n g c o n s id e r
ably m o re th a n a n ^ average b u sin e ss in s p r in g a n d s u m m e r
goods.
Domestic Cotton G oods, — T h e e x p o r t s
of
cotton
goods
rom this p o r t f o r t h e w e e k e n d in g M a r c h 15 w e r e 7,685 p a c k
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1 9 1 ,6 7 3
6 4 ,1 1 7
5 6 ,2 5 8
4 4 ,2 2 2
6 3 . 9 /3
trade h as s h o w n r a t h e r m o r e a p a t h y o n
690,000
D o m e s t ic W o o l e n G o o d s — T h e s it u a t io n in th e m a r k e t
fo r m e n ’s -w e a r w o o le n s h a s n o t m a te r ia lly c h a n g e d . B u y e r s
a re a c t in g c a u t io u s ly , a n d m a n u fa c t u r e r s in tu rn h a v e a d o p te d
a c o n s e r v a t iv e p o lic y , m a n y sets o f m a c h in e r y h a v in g b e e n
s t o p p e d u n t il th e o u t lo o k b e c o m e s m o r e fa v o r a b le . H e a v y
w o r s te d s u itin g s a n d fa n c y ca ssim e re s w e r e Jess a o t iv e th a n
e x p e c t e d , b u t d e s ira b le m a k es a re u n c h a n g e d in p r ic e . O v e r
c o a t in g s w e r e in q u ie t d e m a n d , bu t th e r e w a s a fa ir m o v e m e n t
o n a c c o u n t o f b a ck o rd ers. C lo a k in g s , J e r s e y c lo t h s a n d s t o c k
in ettes c o n t in u e d in p r e t t y g o o d r e q u e s t b y th e m a n u fa c t u r in g
tra d e , a n d p o p u la r m a k e s are fir m ly h e ld b y a g e n ts. T r ic o t s ,
ca sh m eres, serg es a n d s o f t - w o o l d ress fa b r ic s w e r e in fa ir d e
m a n d , as w ere d e sira b le m a k e s o f w o r s te d d ress g o o d s . K e n
tu c k y j^ a n s a n d sa tin e ts w e r e q u ie t in first h a n d s, b u t p r ic e s
a re f o r th e m o s t p a rt ste a d y . F la n n e ls a n d b la n k e ts c o n t in u e d
in lig h t r e q u e s t, a n d th e r e waB a s te a d y , t h o u g h m o d e r a t e ,
bu sin ess in c a rp e ts, w o o l h o s ie r y a n d h e a v y u n d e r w e a r .
104,670,449
1
441,000 1,600.000
a t first h a n d s, b u t o t h e r c a lic o e s w e r e in fa ir r e q u e s t, a n d a
g o o d b u sin ess w a s d o n e in g in g h a m s , w a s h d ress fa b r ic s ,
se e r su c k e r s, p rin te d sateen s, f a n o y c o t t o n d ress g o o d s , w h it e
g o o d s , ta b le d a m a sk s, & c .
37,102.501
9,698,954
7,438,488
19.528.781
3,503,556
20,807,708
6,030,461
'totals.
New Y ork............
Boston .......
377
M to
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the
378
[V oi*. 33L1V,
c h k o n io l e
Canadian awd |fo*eiflti Daubs aud Bankers.
Q
C A N A D IA N .
F O R E IG N .
Bank o f M ontreal.
Blake, Boissevain & C o .,
C A P I T A !., - - 8U R P LU S, - - -
$ 1 2 ,0 0 0 ,0 0 0 G o ld .
- $ 6 ,0 0 0 ,0 0 0 G o ld .
O. F. SMITHER8, President.
W. J. BUCHANAN, General Manager.
N EW
N o s.
59
TORE
A
61
O FFICE:
W ALL
STREET,
WALTER WATSON,) AoArtji
A le x ’r La n g ,
5 g-
Bny and Sell Sterling Exchange, Franos and Cable
Transfers; grant Commercial and Travelers’ Credits
available in any part of the World; issue drafts on,
and make Collections in, Chicago and throughout the
Dominion of Canada.
LONDON,
18
28
BROTHERS
W a l l S tree t, N e w
H . S. H OW LAN D, Pres’t.
READ
A D O L P H B O IS S E V A IN & CO.
.
A m s te r d a m . H o ll a n d .
THE
Railway Share Trust C o.
D. R . W IL K IE , Cashier.
O F F IC E ,
(L IM IT E D ),
TORONTO.
BRANCHES IN ONTARIO.
Essex Centre.
Niagara Falls. Toronto.
Fergus.
Port Colborne. Toronto, Tonge St.
Galt.
St. Catharines. Welland.
Ingersoll.
St. Thomas.
W oodstock.
BRANCHES IN NORTHWEST.
W innipeg.
Brandon.
Calgary.
Agents in London :
| Agents m New Y o r k :
Lloyd’s. Barnett a A Bos- g ANK OF M o n t r e a l ,
anquet’s Bank, limited, I
__
Promptest attention paid to collections payable in
any part o f Canada.
„
, , ,
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft, on New York.
Dealers in American Cur’y and Sterling Exchange.
CO .,
AND
Imperial Bank o f Canada
$ 1 ,5 0 0 ,0 0 0
$ 5 0 0 ,0 0 0
&
Y ork,
S tate S treet, R o n to n , M a s s ,
L o n d o n O ffice, N o . 2 2 A b c lm r c li L a n e .
C A P I T A L (p a id n p ), - SURPLU S, - - - - - - -
ENGLAND.
N e g o t ia t e Railway, State and Ci'.y loans.
Execute orders fo r Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
Special attention given to the execution o f
orders fo r Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
No. 4
R ANK
R U IL D IN G S
LONDON, ENGLAND.
C a p ita l P a id U p , 459 T1 ,8 6 0
S terlin g .
This Company undertakes the business o f Trustee
to Loans o f approved Railways, negotiates and
Issues Loans on the London Market, acts as Agent for
M erchants’ Bank
OF
CANADA.
Capital, • • • $5,709,200 Paid Up.
R e s e r v e , ............................ $1,500,000
B[President; AN D RE W A LLAN , E sq.______ _ „
Vico-President, ROBERT ANDERSON, Esq*
READ
N e w Y o r k A g e n c y , N o . 61 W a l l Street.
H E N R Y H A G U E,
l A <rents
JOHN B. H A R R IS. JR., j Agents.
AGENCY
OF
THE
B a n k
or
B ritish N orth A merica,
No .
Railways and other Corporations, either in the mat
ter o f payments o f Interest on Loans, Dividends on
or Registration o f Stocks in London, or otherwise.
Cable Address—PAVY, L o n d o n .
O F F IC E , M O N T R E A L .
GEORGE HAGU E, General Manager.
. W .N . ANDERSON, Assistant Gen’l Manager.
B AN KERS:
LONDON, ENG.—The Clydesdale Bank (Limited.)
N EW YO RK—The Bank o f New York, N. B. A .
The New York Agency buys and sells Sterling Ex
change, Cable Transfers, issues credits available in
all parts o f the w orld; makes collections in Canada
and elsewhere and issues drafts payable at any o f
the offices o f the bank in Canada. Every descrip
tion o f foreign banking business undertaken.
52
WALL
STREET.
Buy and sell Sterling: Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia and San Francisco.
C IR C U L A R . NOTES issued in PoundsSterling
available in all parts o f the world. C O M M E R
CIAL. CREDITS* ISSU ED for use in Europe,
China, Japan, East and W est Indies and the Brazils,
R iver Plate, &c.
,
'‘
.
Bills collected and other banking business trans*0Ud"
D. A . M cTAVISH , 1 Ajrenta
H . 8TIKEMAN,
{ Agents.
Heinem ann & C o .,
62 Gresham House, E. C
.,
LONDON.
Solicit accounts and agenoies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable term s; also orders fo r the pur*
chase and sale o f Bonds, Shares, Ac., Ac. on
the Stock Exchange.
Interest allowed on DepoSts, subject to 60-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to
demand drafts.
Negotiate Railway, State and City Loans.
Bank of Australasia,
(Incorporated by Royal Charter, 1835.)
4 T h r e a d n e e d le S t., L o n d o n , E n g la n d
Paid-up Capital, - - - - - - £1,600,000
Reserve Fund, - - - - - - £790,000
Letters o f Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent fo r collection.
Telegraphic transfers made.
Deposits received in London at interest fo r fixed
periods, or fo r transfer to the colonies on terms
which may be ascertained on application.
_________________ P R IP B A U X SELBY. Secretary.
H o n g K o n g & Shanghai
F O R E IG N .
THE
A n glo-C alifornian Bank
(LIMITED).
L O N D O N , Head Office, 3 Angel Court.
S A N F R A N C IS C O Offlog, 422 California St.
N R W Y O R K Agents, J. & W. Seligman & CO.
R O S T O N Correapend’ts, Massachusetts N. Bk.
B A N K IN G
|atih
C O R P O R A T IO N .
Paid-np Capital................
$7,500,000
4,500,000
Reserve Fund.....................................
Reserve fo r Equalization o f Dividends. . . .
500,000
Reserve Liability o f Proprietors................ 7,500,000
The Corporation grant Drafts, issue Letters o f
Credit fo r use o f Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, H ong Kong, Foochow. Amoy,
Ningpo, Shanghai, Hankow, Yokohama, H iogo, San
Francisco and London.
A . M . TOWNSEND, Agent. 4 7 W illiam St.
A u t h o r iz e d C a p ita l, - - - $ 6 ,0 0 0 ,0 0 0
P a id -u p C a p ita l, - - - - 1 ,5 0 0 ,0 0 0
R eserve F u n d , - - - - - 4 0 0 ,0 0 0
u a r t e r l y
r e p o r t
o f
t r p
B A N K OF T R E STATE OF NEW
Y O R K on th e m o rn in g o f Saturday, the 1 2 th
d a y o f M arch, 1 8 8 7 :
“
reso u rc es .
Loans and discounts, as per schedule... $3,949 oio 4 7
’ 2 1 47
Overdrafts..................................... ...........
Due from trust com
panies. State and Na
tional banks, as pr schd. $159,173 35
Due from private bankers
A brokers, as pr s ch d ....
1,899 23— 161,072 5ft
Banking house and lot, as pr.schd.........
294,000 00
Bonds and mortgages, as per schedule.
30,407 60
Stocks and bonds, as per schedule. ........
21,098 50
S p è c ie ............................................. .
658,880 98
U. S. legal tender notes and circulating
notes o f natiohal banks...................... .
258.886 00
Cash items, viz. :
Bills and checks fo r the
next day’s exchanges.$10,289,318 33
Other Items carried as
cash, as per schedule..
1,770 82—
10,291,089 15
Loss and expenses, viz.:
Current expenses....................................
27,367 05
$15,691,833 80
•
l ia b il it ie s .
Capital stock paid in, in cash...... ............ $800,000 O
O
Surplus fund........ ................
200,000 00
Undivided profits, viz.:
Discount....................
$7,144 24
796 64
Exchange........... ...............
Interest..............................
75,447 8 8
Other profits.................
159,403 63— 242,792 39
Due depositors as follows, viz.:
Deposits subject to check.$4,752,606 92
Demand certificates o f de
1,294)97
p o sit................................
Certified checks................. 9,534,955 55-14,288,947 44
Due trust companies, State
and national banks, as per
schedule.............................
123,810 24
Due private bankers and
brokers, as per schedule.
2,564 28— 126,374 52
Unpaid dividends...... '................................
4,584 80
Am ount due not included under either
o f the above heads, viz.:
New York city taxes in litigation..........
29,134 65
$15.691,833 80
State o f New York, City and County o f New York, ss.
R. L. EDW ARDS, President, and JOHN H. HOUS
TON, Cashier o f the Bank o f the State of New
York, a bank loeated and doing business at Nos. 33
and 85 William St., in the city o f New York, in
said county, being duly sworn, each fo r himself, saith
that the foregoing report, with the schedule accom
panying the same, is In all respects a true statement
o f the condition o f the said bank before the transac
tion o f any business on the 12th day o f Marcb,
1887, to the best o f his knowledge and belief; and
they further say that the business o f said bank has
been transacted at the location named, and not
elsew here; and that the above report is made in
compliance with an official notice received from the
Superintendent o f the Banking Department desig
nating Saturday the 12th day o f March, 1887, as
the day on which such report shall be made.
R. L. EDW ARDS, President.
JNO. H . ROLSTON, Cashier.
Severally subscribed and sworn to by both depo
nents, the 15th day o f March, 1887, before me,
H a n so n C. Gib s o n ,
Notary Public, New York County.
r iU A R T E R L Y
R E P O R T . — STATE-
^otMENT showing the true condition o f the B A NK
O F A M E R I C A , an associated bank, on the morn
ing o f Saturday, the 12th day o f March, 1887:
RESOURCES.
Loans and discounts, e x
cept to directors........... $11,159,221 16
All sums due from -direc- .............................
tors o f this bank...........
150,000 00
Total o f loans and discounts.............. $11,309,221 16
Stocks (United States and o th e rs)........
67,526 56
Real estate................................................
159,000 O
O
Expense account........... : ........................
16,798 61
Gold coin and gold cer
tificates.............. . . ......$1,467,529 50
Checks in the exchanges, 8,322,096 57
United States legal ten
der and national bank
notes on h a n d ..............
507,168 00
Silver and nickel co in ...
27,91161
Total o f cash item s.....................
Due from b a n k s...,...........................
5,325.605 68
643,121 41
T otal..................................................
$17,521,273 42
LIABILITIES.
Capital......................................
$3,000,000 O
O
Profits............................................
1,608,205 32
Due to depositors............$10,220,481 19
Due to b an k s................... 2,406,680 68
Unpaid dividends, coup
ons A contingent taxes.
230,906 23
Total o f deposits........................................ 12,858,06810
T otal....................
$17,521,273 42
State of New York,City and County o f New York, ss.:
WM. L. JENKINS, President, and DALLAS B.
P R A T T , Cashier, o f the above-named bank, an asso
ciated bank, located and doing business at the city
o f New York, in said county, being duly and sever
ally affirmed, each fo r himself, saith that the fore
going is, in all respects, a true statement o f the con
dition o f the said bank, before the transaction of
any business on the morning o f Saturday, the 12th
day o f March, one thousand eight hundred and
eighty-sewen, in respect to each and every of the
items andfparticulars above specified, according to
the best o f his knowledge and b elief; and that the
business o f the said bank has been and is transacted
at the location aforesaid.
W M. L . JENKINS, President.
D A LLAS B. P R A T T , Cashier.
Severally subscribed and affirmed by both depo
nents, the 15th day o f March, 1887.
B e r n a r d C rush , J r -, „
Notary Public, Kings Co., Cert, filed in N.Y. Co.
J ohn H o w a r d L a t h a m , F r e d e r ic k W . P e r r y .
Member o f N. Y. ¡Stock Exchange.
Transact a general banking business. Issue Com
mercial credits and Bills o f Exchange, available in all
marts o f the world. Collections and orders for Bonds,
Stocks. etc..‘exeout«d upon the m ost favorable terms
FRED’K F . LOW .
. iMananer.
IGN a TZ STBINHART. j •l“ aa-er».
“
P.-N, LILENTH AL, Cashier;
jè ia t c t t m v t s .
UNITED BANK BUILDING,
J. H . Latham & C o .,
No. 2 W A L L S T R E E T , N E W Y O R K
City, Countyi State, Railroad,District o f Columbia
Bonds and Foreign Exchange, and all Securities
listed at N. Y . Stock Exchange.
JOSEPH G lL L O ffS
GOLD MEDAL PARIS EXPOSITIOM-187B,
T H E MOST PERFECT OF PEM&
March
vii
THE CHRONICLE.
19, 1887.J
JB
atrtiB gatxfejers atul guokjers <&ut of jjtctxx ^ovk.
,
BANKS.
SOUTHERN.
B A L T IM O R E .
___________
n t ï ï i K 8.JXWXTT, Pres. JOSIAHjEWXTT.V.PreS.
B h e b m a W t t t t a m c c o b s w i u . Cashier.
W ilso n , Colston & C o .7
Bank o f Buffalo,
BANKERS AND BROKERS,
(Members o f Baltimore Stock Exchange),
B A L T IM O R E .
$ 3 0 0 ,0 0 0
C A P I T A I-,
(INVESTMENT and SOUTHERN SECURITIES p,
BUFFALO, N. Y .
-nil« bank has superior facilities for making collec
tions on all accessible points in the United States,
and Europe. Liberal terms extended to acAnnnts of bankers and merchants.
^ corresponden ts .—New York, National Shoe A
Leather Bank; Union Bank o f London.
rnn ada
j g t r, i
an d e r . Pres.
A . A . A l e x a n d e r , Cash’r.
Texas National Bank,
Correspondence solicited and Information fur
nished.
N. Y . Correspondents—McKim Brothers A Co.
INVESTMENTS MADE.
Correspondence Invited.
W. T. Bl a c k w e ll , Pres’t.
L . Hartridge,
S A V A N N A H , G A .,
SECU RITY
BROKER.
Buys and sells on commission all classes o f Stocks
and Bonds.
Negotiates loans on marketable securities.
New York Quotations furnished by private ticker
every fifteen minutes
T H O M A S B R A N C H & CO.,
Robert Garrett & Sons,
BANKERS,
N o.
7
SAN A N T O N IO , T E X A S .
COLLECTIONS AND
A.
SOUTH
COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and information on funding the debts o f
Virginia and North Carolina fr e e o f cost; one-eighth
per cent charged fo r funding. Southern Railroad
and State and City Bonds bought and sold.
STR EET,
B A L T IM O R E ,
TRANSACT A GENERAL DOMESTIC
FOREIGN BANKING BUSINESS.
BANKERS A N D
AND
I fa rm
S X ortg a g cs.
P. A . W il e y , Cashier.
N E W ENGLAND.
E Q U IT A B L E
Fay Special Attention to Collections.
J o sh u a W il b o u r ,
Ch a r l e s H . Sh e l d o n , J r
Be n ja m in A . J a c k s o n , W il l ia m B in n e y , J r .
Mortgage Company.
FIRST-CLASS FACILITIES.
New York Correspondents.—The National Park Bank
and Seventh W ard National Bank.
W ilbou r, Jackson & C o .,
The Bank o f Durham ,
D U R H A M , N . C t,
Commercial National Bank,
HOUSTON, T E X A S .
C a p i t a l , ............................................. 8 2 0 0 , 0 0 0
Collections receive our special attention and are
promptly remitted for.
N o. 52
1YE Y R O SSE T
STREET,
GUARANTEED FARM MORTGAGES.
Dealers In Commercial Paper. Government and
other iirst-clasa Bonds and Securities and Foreign
Exchange.
Private Telegraph W ire to New York and Boston.
O F F IC E S !
REFERENCES!
New York, 208 Broadway. First Nat. Bk., New York.
Boston, 23 Court St.
Boston Nat. Bk., Boston.
Philadelphia, 112 S.4th St. 7th Nat. Bk, Philadelphia.
Kansas.City, 7th& Del.Sts. Am. Nat. Bk.,Kansas City
F o r r a t e s o f I n t e r e s t a n d f u l l I n fo r m a t io n
se n d f o r p a m p h le t.
Brewster, Cobb
& Estabrook,
German N ational Bank,
L IT T L E R O C K , A R K A N S A S .
Capital (P a id I n ) - . . . .
$ 2 0 0 ,0 0 0
E. E. BURRUSS, Pres’t.
A . K. WALKER, Cashier.
First N ational Bank,
W I L M I N G T O N , N . C.
Collections made on all parts o f the United States.
MERCHANTS’ NATIONAL
BANKERS,
N o.
35
C O N G R E SS
S T R E E T ,,
B O STO N .
WEMBEBH OF THE NEW Y O R K AND
BOSTON STOCK EXCHANGES.
ALSO,
D ealer« In M u n ic ip a l, S ta te, R a ilr o a d
a n d U n ite d S tates R o n d s .
R IC H M O N D , V IR G IN IA .
W ESTERN.
Collections made on all Southern points on best
terms; prompt returns.
JOHN P. BRANCH, President.
John F. Glen n , Cash. F r e d . r . Scott , Vice-Pres’t
Chas. H . Potter & C o .,
E. W . Clark & C o .,
In v e s t m e n t B a n k e r s , C le v e la n d , O h io .
Sp e c ia l t ie s : Town, County and City Bonds; Lake
Superior Iron Mining Stocks, “ Republic,” “ Cham
pion,” “ Cleveland” and “ Jackson.” St r e e t R a il
w a y s —Denver City Street Railway Co., o f Denver.
Col.; Street Railway Co., o f Grand Rapids, Mich.;
Metropolitan Street Railway, o f Toledo, Ohio,
No. 35 S ou th T h ir d S t., P h ila d e lp h ia .
ESTABLISHED 1871.
P . F . Keleher Sc C o .,
317
OLIVE
STREET,
S T . L O U IS .
Narr & Gerlach,
B A N K E R S AND R R O K E R S ,
No. 437 CHESTNUT STREET,
P H IL A D E L P H IA .
Eight per cent net to invest
ors. No losses. Interest col
lected free of charge to lender.
First mortgage on improved
farm property in finest agri
Selm a, A la . cultural districts In Alabama,
Legislative author worth three times amount o f
loan.
ity to negotiate loans. Sole Alabama correspond
ents o f several European farm
R . M. NELSON, loan companies.
Individuals or Trustees de
President.
siring to make safe loans,
W . R. NELSON,
address the company fo r par
V .-P . & Gen.Man’ger. ticulars and references.
In Sums o f $100 and Upwards on In
diana and Ohio Lands.
BANKERS AND BROKERS,
Railroad, Municipal and other desirable Invest
ment Securities for sale.
Transacta general banking business. Allow inter
est on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
L O A N CO. o f
ALABAM A,
Farm Mortgages
BANK,
P E N » SITEV A N I A .
AND
P R O V ID E N C E , R . I.
J. G. Fletcher, t STATE BANK, ) C. T. Walker,
President. I Incorporated 1876. j
Cashier.
Prompt attention given to all business in our Une.
N. Y. Co rr e spo n d e n ts . - Importers’ & Traders’
National Bank and National Bank o f the Republic.
$ 6 0 0 ,0 0 0 .
D E B E N T U R E S
BANKERS AND BROKERS,
H. Ga r d e s ,
E. P. H il l ,
R .A . Gir a u d ,
President.
Vice-Pres’t.
Cashier.
C A P IT A L
Dealers in Western Securities and Local Bonds,
Stocks and prime Commercial Paper.
N.
W.
Harris &
C o .,
Members o f the Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills o f Exchange and Letters o f
Credit.
DDMDQ o f Counties, Cities, &c., o f high grade a
Rea Bros. & C o .,
SOUTHERN.
BANKERS AND BROKERS,
NOTHING SAFER. A L W A Y S PR O M PTLY P A ID
SEND FO R P A M PH LE T.
JTOS. A . M O O R E ,
8 4 B a s t M a r k e t S t., I n d t a n a p o l l* ,I a d .
6 %
7 %
8 %
T h e A m e r ic a n I n v e s t m e n t C o m p a n y , o f Em
metsbnrg, Iowa, with a paid-up capital o f $ 6 0 0 ,•
0 0 0 , s u r p lu s $ 7 3 , 0 0 0 , offers first Mortgage
Loans drawing s e v e n per cent, both P r in c ip a la n d
I n t e r e s t fu l l y G u a r a n te e d . Also 0 per cent 10vear Debenture Bonds,secured by 105 per cent o f first
Mortgage loans held in trust by the m e r c a n t ile
T r u s t C o ., N • Y . Five per cent certificates o f
deposit for periods under one year. W rite for full
Information and references to the company at 1 3 0
N a s s a u S t., N. Y .
A. L . ORM SBY,
Vice-President and General Manager.
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts Of mort
gages, i n t e r e s t 6 p e r c e n t to
7 p e r c e n t , principal and inter
est absolutely guaranteed. Se
curities fo r guaranty held by i t e
American Loan & Trust Com
MINNEAPOLIS. pany, o f Boston, Mass.
Send fo r circulars to
Paid-Up Capital, N E H E R <& C A » P E N T E R ,
8 2 0 0 ,0 0 0 .
B a n k e r s , T r o y , N .Y .
Authoriz’d Capital
Eastern Managers fo r Company
$ 2,00 0 ,0 0 0 .
NORTHWESTERN
GUARANTY
LOAN CO.,
ATLANTA.
AND DEALERS IN FOREIGN EXCHANGE,
425 W o o d Street, Pittsburg, P a .
1
{MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
P .I .T T S B U R G ,
PA.
ESTABLISHED 1871.
W hitney & Stephenson,
BANKERS AND BROKERS,
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburg members N. Y. Stock Exchange.
C H IC A G O a n d B O S T O N .
p U lv U o specialty. S e n d f o r D e s c r i p t i v e L is t s .
Hum phreys Castleman,
BROKER AND DEA LER IN A L L KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission;
Georgia and Alabama Securities specially dealt In.
Correspondents: Tobey & Kirk and A . Dutenhofer,
New York.
References : Atlanta National Bank, Atlanta, Ga.,
and Fourth National Bank, New York.
C . W . Branch & C o .,
IN V E S T
THROUGH TH E
R E L IA B L E
SOU N D
AND
WESTERN FARM MORTGAGE CO.,
LAW RENCE, KAN.
F. M. P e r k in s , Pres’t.
L . H. P e r k in s , Sec.
P a id U p C a p it a l,
- $ 2 3 0 ,0 0 0
The choicest First Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon Its
paid up capital and assets o f over $050,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, form s and
full Information, Branch offices in N. Y. City and
Albany. New York Office 137 Broadway.
C. C. HIN E & 80N , Agents.
Im p o r ta n t N o tic e .
VS SOLDERS OF KANSAS REAL ESTATB
MORTGAGES:
R IC H M O N D , VA.
Bend to HODGES & KNOX, TOPEKA, KANSAS,
Private wires connecting with Washington, Balti
tor Free Pamphlet containing the compiled Lana
more, Philadelphia and New York
I sllaesaaielatUui to Beal Batata Mortgagee,
New York correspondents. Prince A W hitely
BANKERS AND BROKERS,
St a t e B a n k B u il d in g ,
grw st
© D ra p a n te s .
g
’ x u ô t
U n ion Trust
OF N E W
YORK,
N o. 4 9 W A L L S T R E E T .
..................................... ...
Î Î S p m s ’, .........................." ' “ °,0,’ 0, 0
0
Authorized to act as Executor, Administrator
Guardian. Receiver, or Trustee, and ls
A LE G A L DEPOSITORY POR MONET.
Aononta fha fransi6r aKßUCy &D<lr6|?lBtl7 Ol itOCaS,
¿ Ä
Allows > ^
n
C
®ä
T
Ä
- t
i f f i » »*> « “ •» - itt t1 ’
«
- - «
£ E
S
e"itl,d?awn ^ ’ five days’ notice, with
Ä
“ ï Â
S
S
f Â
fÄ S Ä
« r ,Ä
Ä
through the Clearing House.
TRUSTEES:
W m -W h ^ w rig h t.
J K w c i & d ,
R T^VtlM n ’
fam es H. Ogilvie,
w™ » Ä u
D.T. Fairchild.
Ä e c Ä V a r d ,
¿ G .'w im a m s .
n W Mo a Î dÎh
g^
Ä
A
rt,
Edward Schell,
W - W ood*’
t
n i.«
D ÎcfH a ÿ f
I - H - Frothingham.
George A . Jarvis,
C-VanderbUt,
C a p ita l a n d S u rp lu s, - - - $ 6 ,0 0 0 ,0 0 0
This com pan, Is a legal depository for moneys paii
Into court, and is authorized to act as guardian 01
^ U 1NTEREST ALLOW ED ON DEPOSITS, ♦
B
which may be made at any time, and withdrawn a h ®
five days’ notice, and will be entitled to interest foi
the whole time they may remain with the a>mpany
Executors, administrators, or trustees o f estates
and females unaccustomed to the transactioni o f .busi
ness, as well as religious and benevolent institutions
will find this company a con venienUdepository ioi
money.
JO H N A . STEW ART, President.
7
W ILLIAM H. MACY, Vice-President
*
JAMES S. CLARK, Second Vice-Pres*
TRUSTEES:
Dan. H . Arnold, 1D. Willis James,|Robt.B. Mlnturn,
Geo. H . Warren,
Thos. Slocomb, John J. A stor,
Charles E. Bill, John A . Stewart, George Bliss,
Wilson G. Hunt, S.M.Bnckl’gham, William Llbbey,
Wm. H. Macy,
H. E. Lawrence, John C. Brown,
Clinton Gilbert, Isaac N. Phelps, Edward Cooper,
Daniel D. Lord, Erastns Corn'._„„ W .Bay’rdCutting
-----------------,
S. B. Chittenden, ¡Chas. S. Smith,
Samuel Sloan,
John II.Rhoades, W m .Rockefeller,
James Low,
A
W m. W . Phelps Anson P. Stokes,1 lex. E. Orr.
H EN RY L . TH ORNBLL, Secretary.
LOUIS G. H AMPTON. Assistant Secretary.
American Loan & Trust Co,
Robert Lenox Kennedy, Geo. C. Magoun.
EXECUTIVE COMMITTEE :
W m .W h ite S S k
James M. McLean*.
C o m p a n ie s .
Ö .6 - W «
A. B. W esley,
feV Ä S S “ '
f i ’? ™ » ’ S S â i S ? r S S V i « T ~ . t .
JAMES H.OGILVIE, Second Vlce-Pres't.
A. O. RONALD8QN. Secretary.________________
Mercantile Trust & Deposit
COMPANY, OF
B A L T IM O R E .
11 3 B R O A D W A Y , NEW Y O R K .
C ap ita l, F u lly P a id .........: ............ 8 1 ,0 0 0 ,0 0 0
THIS COMPANY TRANSACTS A GEN ERAL
LOAN, TRUST AND FIN AN CIAL BUSINESS.
Receives Money on Deposit subject to check, and
allows interest on balances.
A ll Checks pass through the Clearing-house.
MAKES INVESTMENTS OF MONEY.
ACTS AS EXECUTOR. ADM INISTRATOR,
GU ARD IAN , TRUSTEE, E tc .
ALSO, AS REG ISTR AR AND TRANSFER AGENT.
$ y A n Authorized Depository fo r Court and
County Treasurers’ Fund.
ROW LAN D N. H A ZA R D , President.
GEORGE S. H A R T , Vice-President.
W IL L IA M D. SNOW, Secretary.
JAMES 8. THURSTON, Treasurer.
DIRECTORS:
Authorised to act as Executor, Administrator,
G eorge h . P otts ,
W a l l a c e C. A n d r e w s ,
Guardian, R eceiver, or Trustee, an J Is
J o h n L. Ma c a u l a y ,
I r a Da v e n p o r t ,
A LE G A L DEPOSITORY FOR MONEY.
J a m e s M. V a r n u m ,
W il l ia m D. Sn o w ,
A ccepts the transfer agency and registry o f stocks J o h n I. B l a i r ,
J o h n D. K im m e y ,
and acts as Trustee o f mortgages or corporations.
E d w a r d F. Br o w n in g , F r e d e r ic A . P o tts ,
Takes charge o f property. oollMts a ^ remlts ln- R o w l a n d n . H a z a r d , J o h n R o ss ,
teraat and income promptly, and aiscnarges ia n n - G eo r g e S. h a r t ,
A l e x a n d e r G. B la c k
itdiy the duties o f every trust
S s kept m . b . D in s m o r e ,
W
F r a n k C. H o l l in s ,
Money received on deposit. All Trust Assets Kept E l ia s L e w is , J r .,
T h o m a s L. W atso n ,
separate from those o f the Company.
,
J ule s A l d ig e ,
E l ia s C. B en edict ,
Bunrlar-proof Safes and Boxes (having cIitotyj© Ste v e n son B u r k e ,
W il l ia m P. A n d e r so n .
steel §oors) to rent a t$10
BURG. . . and elegant chrome steel H K t ajnij n u ivv»
l T r^ R O O F V AU LTS, protected by improved
THE
Aiuhorlxed Capital.
.
.
9 5 0 0 ,0 0 0
*‘¿ ,000,000
^WUlsl<
kept in vaults without charge. Bonds and
Stocks Plate and all Valuables securely kept under
guarantee at moderate charges. Paintings, Statu
ary, Bronzes, etc., kept in fire-proof vaults.
JOHN G ILL. W .W . SPENCE,
L. C. FISCHER
President.
Vice-Pres’t.
. Treas. & Sec.
W . W . Spence,
ChristianDevries
C.Mort’n Stewart
R obert Garrett,
Ohas. D. Fisher,
Geo. P. Thomas,
O. H . Williams,
Andrew Reid,
%UBVLXnUtZ.
Trust C o,
Company United StatesTORE.
OP N EW
78 Broadway* cor* H ector St., N. Y.
ü
rv o u ü j v
T U K CHRONICLE
YÜi
DIRECTORS:
Louis McLane,
Robert Lehr,
W . A. Tucker,
Jas. Carey Coale,
Oliver A. Parker,
W . H.Whitridge,
J. A . Hambleton,
Thos. Deford.
John E. Hurst,
Stewart Brown,
W . H . Blackford,
E. A. Jenkins,
Bernard Cabn,
J.W illcox Brown,
A lex. Frank,
John Gill.
The Union Trust Co.,
611 AND 613 CHESTNUT STREET,
P H IL A D E L P H IA .
Authorized Capital..........................................^ ’aoo ooo
Paid-up C ap ita l............................................... 500.000
A cts as Executor, Administrator, Assignee, etc.
and executes trusts o f every description known to
All trust atsets kept separate from those of the Com^Burglar-Proof Safes to rent at $5 to $50 per annum.
Wills kept in vaults without charge.
Bonds, Stocks and other valuables taken under
OFFICE OF THE
A T L A N T I C
Mutual Insurance C o .,
NEW YORK, January 24,1887.
The Trustees, in conformity to the Charter of
the Company, submit the following Statement
of its affairs on the 31st December, 1886:
Premiums on Marine Risks from
1st January, 1886, to 3lBt
December, 1 8 8 6 . . . . . . . . . .. . . . . $3,809,250 53
Premiums on Policies not marked
off 1st January, 1886............... 1,426,049 46
Total Marine Prem ium s..... $5,235,299 99
Premiums marked off from 1st
January, 1886, to 31st Decem
ber, 1886................................... $3,817,699 86
Losses paid during the same
p e r i o d . . . . .. . . . . . . . . . . . . . . . . . . . . $2,206,588 68
Returns of Premiums and Ex
p e n s e s .............. . . . . . . . . . . . .
A m o u n t .................... ..$12,444,511 69
SIX PER CENT INTEREST on the outstand
ing certificates of profits will he paid to tbs
holders thereof, or their legal representatives,
on and after Tuesday, the 1st of February next
THE OUTSTANDING CERTIFICATES of
OF PHILADELPHIA,
the issue of 1882 will he redeemed and paid to
W o. 1 3 4 0 C h e s t n u t S tr e e t.
the holders thereof, or their legal representa
C A P I T A L , ............................... $ 5 0 0 ,0 0 0
tives, on and after Tuesday, the 1st of February
Receives deposits o f money payable by cheek and next, from which date all interest thereon wil
allows interest thereon; also receives for safe
keeping securities and other valuables, and cease. The certificates to bo produced at tbo
rents safe deposit boxes in burglar-proof time of payment and canceled.
vaults.
A DIVIDEND OF FORTY PER CENT Is
Receives Trusts o f every description, acting as
executor, administrator, assignee, etc., and declared on the net earned premiums of tie
executing surety for the faithful performance
Company, for the year ending 31st December,
o f any trust or office.
A cts as Agent or Attorney fo r the sale or manage 1886, for which certificates will be issued on
ment o f real estate, and insures titles to leal
and after Tuesday, the 3d of May next.
estate and mortgages.
By order of the Board,
OFFICERS:
Real Estate Trust Co.
President—FR AN K K. H IPPLE.
Secretary—W IL L IAM R. PH ILLE R.
Treasurer—W IL L IA M F. NORTH.
Real Estate Officer—THOMAS B. PROSSER.
DIRECTORS :
George Philler,
Frank K. Hippie,
Edward T. Steel,
Henry C. Gibson,
Charles W . Henry,
Lemuel Coffin,
John F. Betz,
Beauveau Borie,
Thomas Dolan,
William M. Slngerly.
R. Dale Benson.
John Wanamaker,
Solicitor—GEORGE JUNKIN.
J . H . C H A P M A N , Secretary.
T R U S T E E S ;
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low,
received on deposit at interest.
Wm. Sturgis,
J AS LONG, Pres’t. JOllN G. READING, V.-Pres’t.
Cor. o f Montague and Clinton Sts.,Brooklyn, N.Y.
MAHLON S. STOKES, Treasurer & Secretary.
This company is authorized by special charter to Ben]amln H. Field,
D R . PATTERSON, Trust Officer.
act as receiver, trustee, guardian, executor or admin Josiah O. Low,
DIRECTORS.
istrator.
James L o n g ._
_ A lfred S.Gillett, Joseph Wright,
John T. Monroe,
It can act as agent in the sale or management o f Edmond W. Corlies,
C.P.Tumer, M.D. w m . S. Price,
real estate, collect Interest or dividends, receive re Robert B. Minium,
Thos. R. Patton, J. G. Reading,
W . J. Nead,
gistry and transfer books, or make purchase and sale
O.H.Agnew.M.l' Jos. I. Keefe,
W m . H . Lucas,
William Degroot,
o f Government and other securities.
R ob’t Patterson, Theo. C. Enpi 1, Jacob Nayler,
Religious and charitable institutions, and persons Horace Gray,
dos . G. Hood,
■ - --——
■
,
Thos. u . jiuuu , Kdw’d L . Perkins William Watson,
Samuel Riddle. G len R id d l e , Pa.; Dr. George W. unaccustomed to the transaction o f business, will
Reily, H a r r i s b u r g . Pa. J. Simpson Africa, H u n t find this Company a safe and convenient depository William E. Dodge,
EY ROPES, President.
'‘ ‘
for money. r i p l : -------------------in g d o n : Henry S. Eckert, R e a d in g ; Edmund S.
William H. Macy,
EDMUND W . CORLIES, Vice-Pres’t
Doty, Mif f l in to w n ; W. W . H. Davis, D o y l e s TRUSTEES:
0. A. Hand,
t o w n ; R . E. Monaghan, W est Ch e s t e r .
B. F. Knowlton, H*v K. Sheldon,
Josiah O. Low,
John D. Hewlett,
A lex. M. W hite, John T. Martin, C .D . W ood,
Fred. Cromwell, Wm. II. Male,
A. A. Low,
William H. Webb,
John P. R olfe,
Ripley Ropes,
A lex. MeCue,
Abram B. Bay lis, Charles P. Burdett,
Mleh’l Chauncey, E. W . Corlies.
Wm. B, Kendall. H. E. Pierrepont H. W . Maxwell,
Mills Building, 35 Wall St., New York
Henry E. Hawley,
J a m e s R oss Cu r r a n , Secretary.
P A I D U P C A P I T A L , $ 1 ,0 0 0 ,0 0 0 .
Adolph Lemoyne,
F r e d e r ic k C. Colton . Asst. Sec’y.
**Renosfu)ry for Western Mortgage loans, bearing 6
and 7 per cent interest. Principal and interest guar-
The Brooklyn Trust Co.,
Metropolitan Trust Co,,
Designated as a legal Depositary by o/der o f Sucrem e Court. Receive deposits >f money on interest,
act as fiscal or transfer agent, or trustee for corpora
tions. and accept and execute any legal trusts from
persons or corporations on as favorable terms as
other similar compajii.es.^
President.
FR ED kT IC*dVTAPPEN , Vice-Presidenfc.
r
W A L T E R J. BBITT1N, Secretary.
$841,378 15
The Company has the following Assets, vis.:
United States and State of New
York Stock, City, Bulk and
otherStocks.. . . . . . . . . . . . . . . . . . . $9,382,375 00
Loans secured by Stocks and
otherwise................
707,100 00
Real Estate and Claims due the
Company, estimated at............
501,647 31
Premium Notes and Bills Re
1,568,134 20
ceivable................
Cash in Bank................................
285,254 68
William D. Morgan,
Charles H. Marshall,
Frederick H. Cossitt,
William Bryce,
John Elliott,
James G. De Forest,
Charles D. Leverloh,
John L. Biker,
N. Denton Smith,
George Bliss,
Isaac Bell,
Edward Floyd-Jonee,
Anson W. Hard,
Thomas Maitland,
John Edgar Johnson,
Ira Borsley,
James A. Hewlett,
George H. Macy.
JOHN D. JONES, President.
George Eustis & Co.,
BANKERS,
C IN C IN N A V I*
O H IO .
W. H. H. MOORE, Vice-President
A. A. RAVEN, 2d Vloe-Presfi.
THE CHRONICLE
March 19, If 87.J
gViscellatxcons.
%nsnxnutz.____
The United States Life
Insurance C o .
IN T H E
261, 262 & 263 Broadway, New York.
G. H. BURFORD, President,
c p f b a l * ig h , Sec’y. A. W h e e l w r ig h t , Ass’t 8eo
W m. T. Standen , Actuary.
All the profits belong to the Policy-holders exclu
sively.
All Policies issned by this Company are nrDlHPUTABi.s after three years.
All Death Claims paid w it h o u t d isc ou n t as soon
as satisfactory proofs have been received.
This Company Issues all forms o f Insurance, in
cluding Tontine and Limited (Non-Forfeiting) Tontins.
One month’s grace allowed in the payment of
Premiums on Tontine Policies, and ten days’ grace
on all others, the Insurance remaining in full force
during the grace.
.
Absolute security, combined with the largest liber
ality, assures the popularity and success o f this com
pany.
GOOD AGENTS, desiring to represent the Com
pany, «re invited to address J. S. GAF7NET, Super<nt h dent of Agencies, at Home Office.
TH E
EQUITABLE LIFE
In S urplus (namely the excess
o f accumulated funds over liabili
ties), in P r em ium I ncome , in the
amount o f A ssurance in F orce , the
Equitable Life Assurance Society ex
ceeds every other life assurance com
pany, and may be regarded as the
largest and strongest organization o f
its kind in the world.
Assets, January 1, 1887.........$75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. b a sis.. . $16,355,875.76
New Assurance in 1 8 8 6 .... $111,540,203.00
Outstanding A s s u r a n c e ..., $411,779,098.00
—
— — —
C ijo t li m .
W isner,
1 1 W A L L S T ., N E W Y O R K ,
OTHER BUSINESS.
The Guarantee Co.
OF NORTH AMERICA,
Cash Capital.................................................... $300,000
Asseta and Resources.................................... 830,000
Deposit with Insurance Department............ 240,000
President:
Vloe-Presldent :
b ib A l i x . T. g a l t ,
H o n . j a s . Febrier .
Managing Director : E d w a r d R a w l i n g s .
NEW YORK OFFICE:
NO. I l l B R O A D W A Y .
D. J. TOMPKINS, Secretary.
Nxw Y o r k D ire cto rs —Joseph W. Drexel, A .:
Hopkins, H. Victor Newcomp. John Paton, Dani
Torrance. Edw. F. Winslow, Erastus Wlman, F. ]
Oloott and J. E. Pulsford.
HAXALL
CRENSHAW
CO.,
R IC H M O N D , V A .
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
ORIENT GUANO MANUFACT’G CO.,
O R IE N T , L . I .
Standard Superphosphates.
SULPHUR
HINES
C A S U A L T Y CC
Nos. 214 A 216 BROADWAY, NEW YORK.
CashCapitai, $250,000, invested In U. 8. Gov’t Bond
$200,000 deposited with the N. Y. Ins. Dept, for
the protection o f Policy-holders.
Assets, January 1st, 1887, $578,105.
_,°®olals of Banks, Railroads and Express Comp
S 8 Managers,Secretaries, and Clerks o f Pnblio Coi
i0,’
panics, Institutions and Commercial firms, can obta
BONDS O F S U R E T Y S H IP
Company at moderate charges,
une bonds o f this Company are accepted by tl
oourts of the various States
CASU ALTS D E P A R T M E N T .
l88ued against accidents causing death«
totally disabling injuries.
^formation as to details, rates, Ac., can 1
22™ned at head office, or of Company’s Agents.
wm . M. R ic h a r d s , Prest. J o h n M. Cr a n k , Sec’1
R o b ’ t J. H il l a s , Ass’t Secretary.
« o
DIRECTORS:
ram'Williams, David Dows,
W. G. Low.
Y d •Stranahan, A. 8. Barnes,
Charles Dennl
A. B. Hull,
H. A. Hurlbut, Alex. Mitchel
»• L. Biker,
J. D. VermUye,
_
_ 8. B. Chittendl
Geo. 3* Coe.
W m. M. Richards,
Price, R eid & C o .,
NORFOLK, VA,
Cotton Brokers & Commission Merchants
Liberal advances made on Cotton consignments.
Special attention given to the sale o f cotton to ar
rive or In transit for both foreign and domestio mar
kets. Orders for Future Contraots executed In New
York and Liverpool.
G w athm ey & Bloss,
COMPANY
OF V IR G IN IA .
_____ High Grade Pyrites free from Arsenic.
COMMISSION
Brinckerhoff, Turner
& C o .,
C O T T O N S A IL D U C K
And all kinds of
COTTON CANVAS, FELTING DUCK, CAB
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, AO., “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.
Also, Agents
U N IT E D S T A T E S B U N T I N G OO.
A full supply, all Widths and Colors, always in stock
__________N o . 1 0 9 D a m S treet._________
W A R R E N , SOM ES Sc « R A T S ,
S T . L O U IS , M o .
M a n u fa ctu rers o f P u r e J u te B a g g in g .
No. 123 P E A R L ST., NEW Y O R K .
New York and Liverpool! also for Grain and Pro*
visions la New York and Chicago.
J. C . Graham & C o .,
1 9 S o u th W i l l i a m S t. & 51 S ton e S t .,
NEW YORK.
COTTON.
BUYERS FOB AM ERICAN MILLS.
S e lm a , M o n tg o m e r y a n d N e w Y e r lc ,
J o h n X - Bu l l a r d .
H k n r y H . W h e e le r .
Bullard & W heeler,
COTTON COMMISSION MERCHANTS
NEW YORK.
IMPORTERS OP
1 B O Y
MERCHANTS,
Orders for future delivery o f Cotton executed la
Manufacturers and Dealers in
C O T T O N
TIES,
Bliss, F a b y a n & Co.,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
B R O W N & B L E A C H E D S H IR T IN G S
A N D S H E E T IN G S ,
PRINTS, DENIMS, TIOK8, DUCKS, *0.
T o w e l .,Q u i l t * , W h i t e G o o d s & H o s ie r y
Drill», Sheetings, die, for Export Trade.
SECURE B A N K VAU LTS.
ALSO
R a g g in g a n d ir o n t ie s ,
(FOR BALING COTTON).
Advances made on Cotton Consignments and Speola'l
Attention given to purchase ana sale o f FUTURE
CONTRACTS OF COTTON.
B. F . B A B C O C K & C O .
COMMISSION MERCHANTS,
H
W a t e r S treet, L I V E R P O O L ,
Receive consignments of Cotton and other Produde,
and' execute orders at th e Exchanges In Liverpool,
Represented In New York at the office of
SAM’L D. BABCOCK,
83 Nassau Street, New York.
Dennis Perkins & G o .,
COTTON BROKERS,
1 2 5 P e a r l Street, N e w Y o r k .
Orders for Spot Cotton and Futures promptly
executed.
WELDED CHBOME STEEL AND IRON
In Round and Flat Bars, and 5 ply Plates and Angle
F O R SAFES, VAULTS, &o.
Cannot be Sawed, Cut or Drilled, and practically
Burglar-Proof.
CHROME
Circulars Free.
STEEL
W ORKS,
B R O O K L Y N . N . Ys
^ le a m s M p s .
ONLY
Direct Line to
F . H offm ann,
COTTON BROKER AND AGENT,
38 R U E
D E LA BO U RSE, H A V R E ,
FELLOWES, JOHNSON & TILESTON,
C O T T O N , S T O C K S , B O N D S , dee.,
25 WILLIAM STREET, NEW YORK.
Orders In "Futures” executed at N Y. Cotton Bxcb
JOH N
France.
H.
C L IS B Y
&
CO .,
COTTON BUYERS,
M ONTGOM ERY,
GENERAL TRANSATLANTIC CO.
F ID E L IT Y &
AND
AGENCY OF
THE
Ifitratucial Companies.
NO
Cotton E x ch a n g e , N e w Y ork,^
Members o f the Cotton, Coffee and Produce Bxch’r.
— —»
Gonds of* Suretyship.
Hubbard, Price & C o .,
M ER CH AN TS,
B A G G IN G .
ASSURANCE SOCIETY.
a w—
Crenshaw &
CO M M ISSIO N
C IT Y OF N E W Y O R K .
(ORGANIZED IN 1860}
IX
P u r c h a se
o n l y ok
ALA.
Or d e r s F o r
a
Co m m issio n
B e tw e e n N E W Y O R K a n d H A V R E .
From Pier (new) 42, North River, foot of Morton St,
LA CHAMPAGNE, Traub.......Sat.. Mar. 19,1 P. M.
LA BOURGOGNE. Franguel..Sat., March 26. 6 A.M.
LA BRETAGNE, de Jousselin. ...Sat., April 2. noon.
Travelers by this line avoid both transit by English
railway and the disoomforta of crossing the Channel
In a small boat.
P rio r of P a s sa g h (including wine):—To H avreFirst cabin, $100 and $80: second cabin, $60: steerage, $22—
Including wine, bedding and utensils. Re
turn tickets at much reduced rates. Checks onBanque
Transatlantique, Havre and Paris,In amounts to suit
W
S p e cia l T r a in f r o m H a v r e to P a r le .
The Compagnle Generale Transatlantique delivers
at its office In New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s dock in
New York, Pier 42 North River, foot o f Morton 8t„
at least two hours before the departure of a steamer.
L O U IS D E B E B I A N , A g e n t,
The Undersigned hold R E G U L A R AUCTION
SALES, o f all classes of
N o. 3 B a w lin g G reen.
alter
COTTON
&
F atman,
BROKERS,
53 R E A V E R S T R E E T , N E W Y O R K .
S T O C K S and B O N D S
A t A u ction .
STO CK S
AND
BONDS,
ON
WEDNESDAYS AND SATURDAYS.
A D R I A N H . M U L L E R 4c SON,
NO. 12 PINE STREET, NEW YORK.
(EQUITABLE BUILDING.)
THE CHRONICLE
X
M
©0Ît0tU
o t io n .
J ÿ tis c e tla u e a tt B .
Walter T. Hatch.
Nath’l W. T. Hatch.
W oodw ard & Stillm an,
Post Building, 16 & 18 Exchange Place,
I N M A N , SW A N N & C o
bob
YORK.
to
Or d e r s
BANKERS,
-
14 NASSAU STREET, NEW YORK.
LOANS MADE ON ACCEPTABLE SECURITIES.
Sp e c ia l A t te n tio n
F . H atch.
A rth u r M . H atch.
W . T . H atch & Sons,
MERCHANTS,
NSW
19. 1887.
[M a r c h
fob
COTTON MERCHANTS,
Co n tr a c ts
N ew
&TRS&VSs .
Personal attention given at the EXCHANGES to
the purchase and sale o f STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED—subject to check at sight
—with Interest upon balances.
F u t u r e D e l iv e r y o r Cotton .
COTTON, AT.T. GRADES, SUITABLE TO WANTS
B r a n c h Offices {
F ork .
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
OFf SPINNERS
Of f e r e d
on
T er m s
to
Su it .
Bethlehem Iron C o m p ’y
W illia m s, Black & C o ., M ohr, Hanemann6c C o .,
BANKERS AND COMMISSION MERCHANTS,
1
W IL L IA M
STREET,
COTTON
EXCHANGE
COTTON
Sp e c ia l A t t e n t io n G iv e n
B R O ’S,
F actors
Robert T annahill & C o .,
Cotton Commission Merchants,
C o tto n E x c b a n g e lB u I ld ln g , N e w Y o r k .
Special attention given to the purchase and sale of
FUTURE CONTRACTS
in New York and Liverpool.
AND a
C O M M IS S IO N M E R C H A N T S ,
No. 40 EXCHANGE PLACE "
MMMBMR8 OF IHM OOTTON, O OFFS IS A N D
PRODUOS S IO H A N O S 8.
COMMISSION MERCHANTS.
COTTO N
Y O R K , and
Uptown o ffic e . No; so* c h u r c h Street,
Ne w f o r k .
C O T TO N , G R A IN . P R O V IS IO N S ,
Orders exeeated at thè Cotton Exchanges In N ew
Stocke and P etroleum .
Fork and Liverpool, and advances made on Cotton
Orders executed In New York, Chicago and Liv
and other prod u ce consigned to ùs, or to our pottospendents In Liverpool: Messrs. L. Rosenheim a erpool. All grades o f cotton suitable to spinners'
Sons end A. Stem A Co.: In- London, Messrs. B. wants offered on favorable terms.
Newgass A Co.
H enry H en tz 6c C o .,
COMMISSION
MERCHANTS,
8 S o u t h W i l l i a m S t ., N e w f o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
G.
Schroeder
C o .,
&
C o .,
Buooessors to W ARE A SCHROEDER,
C O M M ISSIO N M E R C H A N T S ,
Cotton Exchange Building,
NEW YO RK .
C O T T O N
Orders for future delivery o f Cotton executed in
At the NEW YORK. LIVERPOOL AND NEW OR
New York and Liverpool : also for Grata and Pre
LEANS COTTON EXCHANGES. Also orders for
visions In New York and Chicago.
C O F F F F
Et the NEW YORK COFFEE EXCHANGE, and
G R A IN
A N D P R O V IS IO N S
et the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
G eo. Copeland 6c C o .,
184 P E A R L
c o r r e sp o n d e n t s ,
ZEBEG A
Sc C O .
Edward H . Coates & C o .,
Cotton Commission Merchants,
NO. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 49 MAIN STREET,
NORFOLK, VA.
SPINNERS' ORDERS SOLICITED.
%U&UXXU£&.
K A R I N E A N D IN L A N D IN S U R A N C E
COMMERCIAL MUTUAL
IN S U R A N C E C O M P A N Y ,
42 W ALL STREET, NEW YORK.
ASSETS!
U nited States Securities............................... $177,830 00Bank Stocks o f New York City B anks.. . . 111,536 00
City and other Stocks and Bonds, Loans
and Cash in Banks........................................ 330,403 43
Prem ium N otes, Cash Prem ium s, R e-in
surance and other Claim s..........................
66,220 76
T otal A ssets January L 1887................$693,480 13
W. IRVING COMBS, President.
H e n r y d . K in o , See. W a in w r ig h t H a r d ik ,V.P.
I3r This Company issues Certificates of Insurance,
losses payable In LONDON, at its Bankers, Messrs.
BROWN, SHIPLEY A CO.
Phenix
Insurance C o .
OF
BROOKLYN,
Office, 195 Broadway, New York City
Statement o f Company 1st D ay o f Jan., 1887.
CASH C A P I T A L ......................................$1,000,000 00
Reserve fo r unearned premiums.......... 3,466,886 97
Reserve fo r unpaid losses.............................
369,19793
Net surplus.......................................
657,08673
COTTON BROKERS,
Co r r e sp o n d e n t s :
Messrs. Smith, Edwards A Co., Cotton Brokers
LiverpoolJas. Lea McLean, New Orleans.
M ERCH ANTS,
L iv e r p o o l
Rountree &
N ew Y ork .
P H IL A D E L P H IA .
F R E D E R IC
Montgomery, Ala.
LEHM AN
C o t t o n
E x e c u t io n
OF ORDERS FOR FUTURE CONTRACTS.
L e h m a n , D u r r A Co.,
L ehm an , st e r n a Co .,
N ew Orleans, U .
to the
IN
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
42 W all Street,
G eo.H .M cF addenêcB ro.
New York.
STOCKS, P E T R O L E U M ,
ORDERS EXECUTED
and
B U IL D IN G ,
NEW YORK.
C O T T O N , G R A IN ,
P R O V IS IO N S , C O F F E E ,
40
M a n h a tta n B u ild in g ,
STREET, NEW YO RK .
Cash assets...........................................'$6,883,171*63
STEPH EN
The Safe Deposit Co. of New York.
C R O W E L L ,I P r e s l d e n t .
WM. R. CROW ELL, Vice-President.
P H ILA N D ER SH AW , Secretary.
GEO. H . FISK S, Assistant Secretary.
FRANCIS P . BURKE, Seo’y Local Dep’L
Æ TNA
k
THE FIRST ESTABLISHED IN THE WORLD.
Insurance C o m p a n y
O F F E R S U N E Q U A L .L E P S E C U R I T Y .
OF
R E N T S SA F E S IN I T S B U R G E A R -P R O O F V A U L T S .
R E C E IV E S
THE
OFFICES
S IL V E R W A R E
HAVE
BEEN
ON
NEWLY
D E P O SIT .
FURNISHED
HARTFORD.
Capital.......................................
$4,000,000 OO
Liabilities fo r unpaid losses
and re-insurance f u n d .......
Net Surplus...............................
2,118,618 19
3,450,221 37
A s s e t s J a n . 1 , 1 8 8 7 . . . . $ 9 ,5 6 8 ;8 3 9 5 6
WITH
M o. 6 8 W a l l
S tr e e t, M e w Y o r k .
J A S . A . A L E X A N D E R , A g en t.
EVERT
IMPROVEMENT
AND
SECURITY,
C o m m e r c ia l
1 4 0 , 142 and 146 Broadway.
F r a n c is m . j e n o k s ,
P r e s id e n t.
G E O R G E H . VOSE,
S e c r e t a r /.
U n io a
A ssu r an ce Co., l im it e d ,
OF LONDON,
O ffice, O or.
Pine A
W illia m S ts., N ew Y o rk ,
@FedFRASER