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financial^
AND
turn
W
HUNT'S MERCHANTS' MAGAZINE,
RKPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
Entered aooordlng to Act
VOL.
B.
Daha
dc
Co., In the otllce of the Librarian of Congreiw, Waahlngton, D. C.}
SATURDAY. MARCH
62.
%ht
Terms
by Wm.
of Congress, In the year 1891,
NO.
21. 1891.
1,343.
The comparison of last year is, as during a number of
weeks past, rather unsatisfactory with the current year, but this
is of course in great measure the result of much less activity
(^hvonxclt.
of Sabscrlption— Payable in Adrance:
in speculative circles, especially in stocks.
In fact, while in
the statement below the loss at New York reaches 20 per cent,
the decline in clearings not due to stock speculation is 12*4
$10 20
For One Year (InoludlnK postage)
do.
6 10
For 81 X Months
11 50
European Subscription (includluK po.nta»te)
6 75
Europoan Subscription Six .Months (includluK postage).
£2 88.
Annual Subscription lu London (IncludinK postage)
do.
do.
«1 98.
Mos.
do.
Six
These prices Include the Investors' Supplement, of 150 pa^es,
Isaued once In two- mouths, and furnished without extra charge to
per cent. The falling off outside of New York is 2'4 per cent.
The only prominent gains this week so far as ratio is concerned are Galveston, 93'5 per cent Des Moines, 47'1 ; Peoria,
40 ; Grand Rapids, 33-6, and Tacoma, 83'1 per cent.
;
subscribers of the Ciikoxicle.
tile cover is furnished at 50 cents; postage on the same Is 18
oents. Volumes bound for subscribers at $1 00.
Subscriptions will bo continued until definitely ordered stopped. The
publishers cannot be rcsvM>usible for remittances unless made by drafts
or Post Office money orders.
A
TTeek Ending Harch
Ia91.
Terms of Adrertlsing.
New Tork
Advertisemeuts ordered for less than one month, in the Commercial So!«» Ot—
tharu.)
(Stock!
t'liHosiCLE, are published at 25 cents per Hue each in.ierhaUt.)
(Oottofi
Uon. When orders are detinitely given for one month or longer, a 111)muheU.)
(6ra<n
eral discount is allowed, and the net prices may be obtained ou appUcii!><>«-)
(P«(r«Uum
tlon at the oHice. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each insertion, making $58 for Boston
one inch space one year. Space is measured In agate type— 14 lines to ProTidence....
Hertford
the Inch.
A Fi>'ANHAL
New Haven...
liOndon Aeent*:
SprlngSeld....
Worcester
Portland
Lowell
Messrs. Edwards & Smith, 1 Drapers' Gardens, E. C, will take suborlptions and advertisements and supply single copies of the paper at
Is. each.
WILLIAM B. DAKA.
JOHK O. FLOYD.
(UTILLIAM B. DANA
102 vruilain
&.
Street.
New
(879.463)
(6«l,000)
(88,631,0751
(304,000)
(1.526,467)! (—48-4)
(680,900) l-t-2e9j
(32,466,675) (+104-8)
(3,684,l»0) (-91-7)
(980,940)
(637,800)
(88,184.485)
(1,008,000)
—10-8
90.766,814
6,889,500
3.482,088
1,888,186
1,848,880
86,883,348
6,829,300
I.IHS.ISO
1,298.131
1.171,476
1,058,505
1,170,591
694,81)8
-OT
68,942,433
13.794.K60
15,3«0,073
5,664.616
-18-3
—13-7
—17-1
+18-6
-16-4
-12-8
1,54-^.208
4-23-8
881,466
762,688
-8-1
66,019,689
13,111,306
14,276,796
7,964,877
1,760,188
967.661
-I-3-2
814,860
-fl4-8
9I,14&,72«
106,877.896
-14-7
103,914,706
-18-8-
77,807,803
12,591.800
4,078,178
6,702,186
4,44S.0U9
3,21»,20U
l,77l,8e8
1.871,788
1,014,989
67,884,904
18.458,400
-1-14-8
+11 ••
+33-0
81,668,758
13,718,960
6.378,681
6,683,^45
6,141,816
3,884,700
1,980.083
1,998,373
761,739
11 3,399,308
101,798.609
"+11^
119,494,873
15,378.641
1,746,881
966,369
858,983
574,907
-t-89-8
City*.
18.489,889
I,e80,l«e
968,161
876,751
745,070
1,177,836
22,603,807
19,314,111
-1-17-6
84,880,788
8.216,877
5.654,183
3,730,108
4,879,036
4,298.440
1,428,UI1
9,120,690
4,267,938
11399,060
12,796,876
6,706.183
1,916,882
8as,9l«
786,948
1,4S8,858
Del..
Total Middle.
Chicago
Cincinnati
Milwaukee....
Detroit
Seven cities, 5 days
Othsr cities, 6 days
Total
all cities,
All cities,
Indianapolis...
21.
Peoria
Grand Rapids.
Per Cent.
ToMI Middle Western
-2-9
-17-4
San Frandsoo...
-138
Seattle
$784,444,656
117,419,201
-3.6
+7-i
$863,489,284
170,916,214
Baltimore
Obloago
St.Loals
New Orleans
S days..
Iday
Toul all oittes f or week...
$881,863,857
167,760,079
-2-1
+1-8
$1,034,405,498
Portland
Tacoma
+4-1
+16-8
-r40
+9-8
IiOB
Angeles
Salt
Lake
....
Kansas City
Minneapolis....
St.
Paul
Umaha
Denver
Duluth
Joseph
SlouzClty
Des Moines.....
Wichita
St.
$l,049,623.P3ti
the week covered by the Llnooln
Topeka.
cannot, of
above statement will be given next Saturday.
Total other Western.
by
course, furnish them to-day, bank clearings being made up
St. LoDls
the various clearing houses at noon on Saturday, and hence in New Orleans..
Louisville
the above the last twenty-four hours of the week have to be Memphis......
The
full details of clearings for
We
in all cases estimated, as
we go
to press Friday night.
is
covering the returns for the period ending with Saturday
noon March 14, with the comparative totals in 1890.
The loss from the previous week eighty millions of dollars
—is in part due to the smaller volume of speculative transactions at the New York Stock Exchange. On the Boston
—
Exchange the
total sales
heavier than in the
of share properties were a
week ending March
7.
Klohmund
Below
are our usual detailed figures for the previous week, that
little
1447,584
1,211.984
687,442
68,806,696
»737,371,382
126,117,902
Fhlladelphla.
-06
467,380
(924,799,463
84,740,913
69,753,780
11,240.943
69,237,000
16,725,816
7,946,741
t«09,«20,313
70,007,857
61,863,266
11,696,646
68,287,000
17,409,210
8,687,081
Boston
-13-7
104,403,598
Columbus
Hew York
1,176,868
804,938
-9-7
Cleveland
1890.
-1-0
+1-7
—11-7
-t-s-i
gyracuse
Rochester*
last year.
1891.
1,161,586!
1,192,117
381,780
Washington
Wilmington,
The following table, made up by telegraph, etc., indicates
bank clearings of all the clearing houses of the
United States for the week ending to-day, March 21, have
been 11,034,40.5,498 against 1983,533,927, last week and
Ending March
-t-3-1
-T-1-7
110,349,639
England.
BufTalo
that the total
Wtelt
97,433.607
6,070,900
l,8i6,987
1,310,818
389,881
New
PhtlsdelphU
GLEARINO HOUSE RETURNS.
OLEARmoB.
BeVumt bv TiUtravK
1
99,668,304
Bedford..
Total
YORK.
Balttmore
week
P.OtKt.
—la-i
Til. 686,616
Pittsburg
$1,049,623,936 the corresponding
1891.
-aO-0
670,466,887
Total Paolflo..
Co., Publlabera
2m
Post Office Box 958
WukErUfgMcK'7.
14.
1890.
969,686
7S8,at«
e84,7W7
684.473
346,171
31,951.303
Nashville
Dallas
Fort Worth...
Norfolk
4,744,:)70
5,302.017
4,284,367
2.884.800
8,081,964
1,836,608
769,696
.S.760,363
4.64U,U83
<.>42,688
1,632,677
1.668.198
849,585
49»,688
74IM6
681,167
831,978
^
+3-7
-(-18-4
-18-3
J-40-fl
+90-2
—7-8
19,403,l»l
1,839,388
-(0-7
ilu^soo
-l-SS-1
879.965
888,800
81,007.6«1
1U,967,228
7,41X,14.1
8,8SIJM8
L974,637
784.$U
,
+9»
HV
+ir
ir«
-l-81-ft
481,186
+88-6
+16-4
-186
—18-4
—80-8
-87-7
-I-9-*
-18-8
-)-»T
-1-18-9
-(•47-1
-iWs
—»*
-si-«
-8-6
+4-8
-1-a
+16'$
88^188.984
•H8 7
-r8-6
—8-4
-I-0-7
+11-H
-r78-6
-l-Sl-8
—176
—Si"*
+80-8
—8-V
81.478,618
11,90H,I64
8.640.171
2,904,888
8,948,418
8.818,746
8,364.688
1,008,80$
6T7*«
1,016l888
508.700
700,888
617.879
4eo,»66
-••
+19D
-•«
-l-»
-1-88*
-r88-8
-t«3
+««
An
-tro
l.«5!'»«H
688,688
Waco*
Total Sontham....
50,973.890
-M-»
M.aTi.8«a
i.i»a.ia83M
all
New
+8-8
+6-S
-18-8
+88-S
-rSO-0
-0-8
—8-0
-11-2
Houston*
Ontslde
-(•8-1
-vrt
Birmingham..
Total
+6-9
-9-9
32.885,Mia
910,178
Lexington....
+9».
1,781.786
I,«llv,t<77
Chattanooga..
+81»
+16-0
1,696,894
1,834.407
i;630,6S6
Oalveston
>
IS65.9S3
-9-0-
York..
t.0a8jl$l.6l»
4I«,067J40 -ikkjiitniM
44a.08B.IIIO
-r»
THE CHRONICLE.
438
The
THE FINANCIAL SITUATION.
There has been no important disturbing influence at
work this week except so far as gold exports and the
action of the Government under the amended law permitting the withdrawal of gold for export, may be considered to have been disturbing. We hare written on
this subject in a subsequent column.
The law
as
it
now
stands is no doubt correct in form, but the manner of
executing it has been probably a little extreme and
abrupt, giving an appearance of nervousness in Trea-
sury circles over the loss of gold, which nervousness has
been reflected by a partial loss of confidence in our
markets. This feeling will pass off speedily, for there
is no reason whatever why we should not if we choose
put just as many obstacles in the way of the removal of
gold as Europe puts in the way of its return. As to
diminishing the amount of the export, this action will
diminish it not one dollar. It is the spirit of the law,
and the object lesson which operations under it present
for the study of our own people, that we like.
Other than the foregoing and some failures (promiment among the latter being the Keystone Bank of
Philadelphia, which closed its doors yesterday), there
ha,ve been no unfavorable developments this week.
Even the rumors from London and Paris over the
South American difiSculties, have taken on a decidedly
quiet aspect.
As to our money market, notwithstanding the exports of gold, the continued drain of currency
to the interior and the diminishing bank reserves, there
has been an abundance of funds offering to meet all
requirements.
Last Saturday (March 7) our Clearing
House institutions showed a surplus reserve of only
49,793,575, against a surplus February 7 of $20,242,675,
and a surplus of $23,943,125 on January 31. But we all
know that the most of what the banks have lost the
Treasury has gained and is now paying out further;
more
anticipated that after the
of April the
[Vol. Lll.
cable reports that the affairs of Murietta
&
Co.
which have so long menaced the financial situation
abroad, have been arranged, and the house has been
converted into a joint stock company. It is also stated
that the Bank of France indirectly came to the relief of
the house, the Bank being committed to assist in the
liquidation of the affairs of the Societe des Depots et
Comptes Courant, with which Murietta & Co. were in
some way connected. On Thursday a fall in Argentines occurred in London on news that the coupons
falling due upon the Provincial 6s could not be met.
This default must
interfere somewhat with the
liquidation of the concerns loaded with these securities.
The
cable reports discounts
of sixty to
ninety day,
bank bills in London 2| per cent. In Paris the open
market rate is 2| per cent
at Berlin it is 2f per
cent and at Frankfort it is 2|- per cent.
The Bank of
England gained £154,000 bullion this week this, as
appears by a private cable to us, was the result of imports of £417,000, chiefly from South America and
Australia, of receipts from the interior of Great Britain
of £68,000 and of exports of £331,000 to the Argentine
Republic and Brazil.
Our foreign exchange market has been affected this
week by the change in the policy of the Treasury De;
;
partment respecting the withdrawals
export.
of-
gold bars for
Shippers, until Tuesday afternoon, assumed
that the rule of the department, imposing a charge of
40 cents per 1,000 dollars on gold bars, would not be
changed, and on that day Messrs. Heidelbach, Ickel-
& Co. and Lazard Freres notified the Superintendent of the Assay Office that they would require
8500,000 each of gold bars for export by Wednesday's
heimer
steamer.
Late in the afternoon of that day the order
came from the Acting Secretary of the Treasury refusing bars ; subsequently coin was obtained at the SubTreasury, the shippers receiving four-sevenths in double
and one-seventh in half
of exchange were
It seems to us possible that the latter expectation may adjusted to the new order of things, and there
not prove correct, for a wider call than usual for money was a further advance on Thursday.
Yesterday
among the interior correspondents of our banks is the engagements for shipment were $1,625,000,
it is
interior
movement
will
first
once more set towards this
city.
eagles, two-sevenths
eagles.
in eagles
On Wednesday
rates
apparent just now, while transactions throughout the all in coin, but as the steamer does not sail
country remain on a large scale. Then there are the till this afternoon it is possible that the total will be
World's Fair preparations going on at Chicago, which further increased. The market is insufficiently supplied
will increase in activity as the weeks pass, and make with bankers' bills, and commercial drafts are very
that centre an absorber of more than the usual amount of scarce.
The demand early in the week was chiefly
currency.
Still, the Treasury Department is now dis- for long sterling, but
after Wednesday the inquiry was
bursing so rapidly that continued ease seems for the good for short. Brown Bros, advanced the 60-day
moment to be assured.
Money on call as represented by
on Tuesday to 4 86|, leaving the sight rate
unchanged
on Thursday both long and short were
moved up half a cent. Kidder, Peabody & Co., posted
long on
4 86^ for
Monday, and on
Thursday they advanced the rate to 4 87 and at the same time
moved the short rate up to 4 89|.
The Bank of
British North America and the Bank of Montreal
posted 4 86|^ for long on Monday, and on Wednesday
moved up to 4 87 for 60 day and 4 8^ for sight,
which rates have been maintained since. The market
yesterday closed firm 'at 4 87 for long and 4 89^ for short.
Rates for actual business were 4 86i@4 86^ for 60
day ; 4 88|@4 89 for sight ; 4 89i@4 89^ for cable
transfers ; 4 85@4 85J for prime commercial and
4 84^@4 84| for documentary bills.
Continental
exchange was also firm at an advance of |^ of 1 per cent
for francs and marks.
The absorption of the Rome Watertown & Ogdensburg by the New York Central must be regarded as a
wise solution of the problem confronting the managerate
bankers' balances
has loaned this week at 4 and 2 per cent, averaging 3
per cent, at which renewals have been made; banks
and trust companies report 4 per cent as the minimum
now. There has been a somewhat limited demand for
time money because of the dull trading at the
Stock Exchange, and the offe'rings of money though
continuing good have not been in excess of the demand,
coming chiefly from institutions other than banks
in
and out of the city and from foreign bankers;
rates
remain unchanged at 4^ per cent for sixty days
and
5
per cent for from three to six months on good
Stock
Exchange collateral. For commercial paper there
has
been an increasing demand from city banks
and
insti-
tutions and from out-of-town buyers, and
the supply
ifl good; rates are
5 per cent for sixty to ninety day
endorsed bills receivable, 5^06 per cent for
four
months
commission-house names, and 6@7 per cent for
good
aingle names having from four to six
months to run.
;
A
March
THE CHRONICLE.
21, 1891.)
meats of the two roads, Wliile evidoutly there bad
been no actuul break in the relations between the roads,
The
yet not a little friction had developed of hite.
some encroachments upon the
Watertown had made
make
territory of the Central, and was preparing to
Central, on its part, in order to get an
more. The
entrance nnder its own control into Northern New
York, had planned to parallel an important portion
of
the
Watertown
system.
The
could
effect
489
and that these stores of coal fluctuate from
month, just as tidewater stocks do. There
would appear to bo a basis for the claim, and bonce
while an increas* in tidewater stocks is to be consid*
ered unfavorable, it is the more so in riew of the addi'
rior points,
month
to
tional stocks believed
as
and for the Central, which has suffered so much itself
from a paralleling scheme, to undertake similar work
on its own account, would have been to say the least
show production and stocks,
to
compared with other
not
have been otherwise than unfortunate. The day has
passed when efforts to parallel the road of an existing
system can be viewed with indifference or complacency ;
be held now at other points.
to
Our usual statement
years,
is
as follows.
Jamiarii
Ftbruary.
Ma'th
l.(o
X,
A>U\raeiU Cod,
1800.
isei.
beglnulnR
Stock
of period
Prodactlon
Tbfu,
687,772
s.877,aoi
Total anpplr
and ot period
2,233,291
1,188,927
l,8e7,4U
>,0T4,»78
DUpOMd
Ibiu.
. -
811.08S 1,1«8,S7S
St'k
at....
1,848.000
1891.
Jbiu.
807,314
«,097,«62
1890.
7bn«.
635,062
1889.
Tmu.
1889.
Tbn*.
1,028,107
aM.i6«
6,eiea«> 4,139,031
4,720,191
t,904,»7j 8,061,814
841,882
887,118
6,186,138
»,«7«,«4»
1,148,379
WaXi^
2.087,780
4.016,769
4.686,m
6,210,132
The company of course would have had
This comparison is more satisfactory. For after
money necessary to build the allowing for the changes in the tide water stocks,
deplorable.
lIIO difficulty in raising the
conceivable that conditions might 2,233,291 tons were apparently disposed of in February
it absolutely necessary for the Cen1891, against only 1,848,000 tons in February 1890 and
interests in Northern
ral, in protection of its traffic
2,067,760 tons in February 1889. But unfortunately
lew York, to provide such a new line. In that circum- we cannot tell how far these results are modified by the
stance the interests of the Watertown road must have changes referred to in stock at other points, since no
Jew road, and
iiave arisen
it is
making
suffered seriously as a matter of course.
But happily all this has been averted,
statistics of
these are furnished.
It is
and through however, to know that tidewater
The Watertown are over 306,000 tons smaller than
mutually satisfactory arrangements.
stockholders get an equivalent for what they give, while ruary
Moreover, the amal- tons.
the Central makes a good bargain.
gamation must be considered as in the public interest
also, since the Central being a strong and powerful
corporation, can build up and develop the territory
tributary to the Watertown system in a way that the
Watertown alone could not do. In effect, the Watertown stockholders are guaranteed a continuance of
the same dividends they have been getting— that is, 6
per cent.
that
is
which
The guaranty
calls
last'
year, the total then
encouraging,
stocks, while large,
at the end of Feb»
having been 1,148,379
Our stock market has again been quite irregular, and
while the tone as a whole can hardly be said to have
been very weak, yet prices have declined, and
difficult to infuse
for only 5 per cent, but
after allowing for a 20 per cent stock dividend,
The
stock dividend has already been declared.
Central, on the other hand, while paying the equivawhich has been earning
lent of 6 per cent, gets a road
considerably more than that, and the advantage will be
further increased with the maturity of certain 7 per
Furthermore, the
cent bonds the next few years.
Central obtains a strong hold on the business of Northern New York, for it must be remembered that the
Watertown system embraces the Utica & Black River,
much
life into
week indeed there was a
market evinced strength, but
in the
of
There
have
affecting
covering
the
result
the
been
value
few
of
has been
it
the speculation. Early
and the
was evidently the
little activity
it
of
short
developments
stocks
;
contracts.
of
latterly
moment
the
gold
engagements and the rise in foreign exchange
The Central
rates have been a depressing influence.
of Georgia system has been leased to the Georgia
Pacific, which in turn is leased to the Richmond & Danville
all the roads being in the Terminal combination
already. The San Antonio & Aransas Pass announces a
plan of reorganization. Atchison fours and incomes
have been much stronger, and Rome Watertown &
Ogdensburg stock of course has advanced materially
—
absorbed a few years ago, and controls altogether some on the New York Central guaranty.
Louisville
650 miles of road.
New Albany & Chicago securities have risen on the
It can not be said that the condition of the anthra- statement that engagements have been made to pro-
has improved to any extent. Mr. John H. vide for the liquidation of the floating debt ; it is
Chief of the Bureau of Anthracite Coal stated that there will be a change of management, the
has this week issued the February statement Brice-Thomas people succeeding to control.
cite coal trade
the
Jones,
Statistics,
results are not
The following statement, made up from returns colplace, the output lected by us, shows the week's receipts and shipments
In the first
altogether satisfactory.
York banks.
for the month is found to be 2,377,201 tons, instead of of currency and gold by the
of production,
stocks, &c.,
and the
New
only two million tons as agreed on between the companies, and is also 519,749 tons in excess of the pro-
nUk StuU«« March
duction for the corresponding month last year. The
production in the Lehigh region was increased to only Gold
Total gold and legal
a triffing extent, but in the Wyoming region there was
Rtetivtdhy
20, 1801.
N.T.
JBatOtt.
Shipped 6v
W. r. Bankt.
Ntt Interior
Sftn^ment.
$1,493,000
400,000
$1,892,000
tenders
$3,301,000 Loea.$l,800,000
200,000
«0»,000 Losa.
«3,eoi,ooo Losi.$2,009,00O
an increase of 280,378 tons, and in the Schuylkill
With the Sub-Treasury operations and gold exports
As a result of the result is as follows.
region an increase of 239,265 tons.
this heavier output, stocks at tidewater points were
NttOhanfiit
Out of
Into
Week EnOing March 20, 1891.
BankHolMnm,
Bankt.
Bankt.
added to 143,910 tons during February, and at the
end
It
is
of
the
claimed
month
amounted
to
841,682 tons.
longer fur-
that tidewater stocks no
amount of
coal above ground and the probable current consumption, that they once did, owing to the fact that most
nish the same guide,
of the
companies now
in reference to the
Banks* InterturmoTemeatv as above
Sab-Troae. oper. and gold exports.
Total KOld and legal tendera
$1,89'.2,000
16,400,000
.... If 1 7,293,000
$3,901 .000' I.oss.f.1. 009.000
IS.OOO.OOOiaalo. 3,400,000
$16.901.000 Qalll.
8391,090
following table indicates the amount of bullion
the principal European banks this week, and at th^
in
date last year.
store a great deal of coal at inte- corresponding
The
THE CHRONICLE.
440
March
BanJuof
Gold.
March
19, 1891.
Silver.
TotaL
Oold.
Total.
£
ITrance
eermany
£
£
£
83,470.874
Bngland.
23,470,874
98,403,000
24.105,524
24,105,524
48,851,000 49,752.000
29,300.334 14,854,668
6.426.000 16,518.000
50,173,000 50,151,000 100,324,000
27,784,000 13,892,000 41,878,000
43.964,000
21,844,000
5,467.000 16,210,000
21,877,000
Netherlandfl..
4,208.000
6.592,000
9,800,000
4.676,000
6,722,000
10,397,000
Nat.B'lglum.
2,942,66«
1,471,334
4,414,000
2,815,000
1,408.000
4,223,000
Anst.-Hun'y.
Tot. thlB week 114,007,874 87.988,000 201,995,874 115,019.524 87,383,000 202,402,624
'Tot, prev.
w'k 113,726.878 87,825,666 201.662,644 114.359,455 87,136,887 201,498,122
GOLD EXPORTS AND THE EFFECT OF THE
NEW LA W.
The
Treasury Department
another change in
its
has
method
of responding to appli-
Our readers
cations for gold bars for export.
that Congress gave
Sherman's
According
matter.
this
amendment
to
the
to
legislative
and, as
bill,
we read
liberty to let
the law, in no event
them go except
is
that officer
at a charge
"U.
S.
coin reduced in weight by natural abrasion one-half of
one per cent below standard weight after the coin has
been in circulation twenty years, and at a ratable proportion for any period less than twenty years, to the extent
of that abrasion whatever it might be the exporter must
have been advantaged. That is to say, if the shipper
had been required to send the abraded coin, it would
have been accepted on the other side by weight, and
he would lose the difference between the full weight
and the amount of the abrasion. Hence, by permitting
the exchange at the par of the coin into bars, this difference, whenever any existed, acted as a kind of premium on the export even if there was no abrasion,
the law may be said to have facilitated the outward
;
movement, inasmuch
as fine bars are worth a trifle more
than coin in the markets of the world.
We are clearly of
the opinion that the United States ought not, under
at
present conditions of gold and silver, retain any law on
the law was so altered that bars can
be obtained only on the approval of the Secretary,
appropriation
now
are aware
the Secretary of the Treasury a
discretionary power in
Senator
week made
this
New York are hereby authorized to receive
gold coin" in exchange for gold bars.
As the
Treasury, according to another statute, must accept gold
"Office at
20, 1890.
Silver.
fV^OU LIl.
which in his
judgment shall equal the cost of manufacturing the its statute book that to any degree, however slight,
may encourage the exportation of gold, and hence that
bars.* Under this amendment the Superintendent of
the amendment which was passed contemplated a
the New York Assay Office was ordered two weeks
since to charge
40 cents per 1,000 dollars upon gold
bars withdrawn for export.
This week, under another
order, the Assay Office has refused to furnish any bars
for export, the Sub-Treasury paying out only a mixture
of coin, the amount of each denomination being
wholesome change.
But while holding
this opinion,
we think
that the
Government
in taking such extreme action as it has,
runs the risk of disturbing confidence, while giving
the law a different direction from that contemplated
proportioned to the amount the Sub-Treasury holds of by
of
«ach kind of coin.
many
of
those
who took
part in the passage
accomplishing what
Such a decided modification in the practice of the it was expected to accomplish. In the first place
Oovernment is well worth careful consideration. It the action will have no influence whatever in dimincannot help having a far-reaching influence, affecting ishing the amount of gold exports ; if it disturbs confimore interests than may appear at first thought or on dence it will increase them ; secondly, it will increase to
the surface. We would remark, however, in passing, the extent of the advance it causes in foreign exchange
that if this action only served to put the United States the charges on all imported articles ; and, finally, it will
on a par with Europe in the matter of making increase the profits on exports except it may be in the case
of our chief commodities, cotton, wheat, etc., the
interchanges of gold, we would approve
of
it
the
amendment,
without
fully.
As to its
Europe has demonetized silver and is suffering conse- price of which is fixed for us at Liverpool.
quently from a scarcity of the yellow metal. Of course, influence in the last two particulars mentioned above, we
gold monometallists continue to insist that there is no
but since the banks at the leading monetary
;
centres are making unusual concessions to draw
gold
from the United States, and putting every obstacle
they can in the way of its return, and especially
scarcity
since
have already experienced a practical illustration in the
changes of the foreign exchange rates for actual business since the promulgation of the orders the Secretary
of the Treasury has issued.
That market has gone up,
the obstacles in the way of the movement of
gold are made more expensive it will continue to surand
as
Oreat Britain has begun to devise plans for economizmount them by the same method. Thus, the first
ing its use and for providing substitutes, we think
the
order of the Government, charging 40 cents per 1,000
monometallist claim does not need refuting.
Consequently if the United States can, without harming dollars for bars, stiffened exchange so as still to permit shipments at a profit; the second order, that bars
other interests too much, nullify the virtual
premium
would not be sold but coin, put up the price for actual
which the Continental governments have
put on gold
and adding to the business a half cent because, as we may assume, of the
abrasion of the coin; now that there is likewise to be a
costliness of its return, there can be no
objection made
delay and loss of interest to the shipper when the coin
to its being done, but much can be said in its
favor.
is received
Furthermore, the statute as it stood
abroad, through the percentage method
before "the
adopted at the Sub-Treasury in supplying the coin, we
amendment was passed seemed to facilitate the
export
of gold.
presume that a little additional firmness will be
It was the law of May
36, 1882, that was
amended, which provided "that the
imparted to the market as that feature develops.
superintendents
^*of comage mints of the United
What will be the effect of these advances in foreign
States and Assav
In which the measure was
* "^^
exchange we have already indicated, and it is obvious.
passed la glv^TbH^^rTd
'"T
-amendment proposed by Mr. Sherman being
amendfd
First, consider those who have exchange to buy
to
ot Benitor Plumb by the Insertion of the words ~ - on th« rT.H
"'* """"^
The Secretary of the
"
all such there is a new burden added
Treasury," In place of The Director of
equivalent to
the Mint.'
the advance in rate, and that class includes whoever
has purchases to pay for abroad, which purchases
United States Assay ohlce at New York
mar wl?rti,?„**' '"'<• "' the
Beoretaryof the Treasury, but not
otherwise reoe?*''?P'',r?' "f *e in the aggregate cover the gross amount of our imports.
gold coin from any holder thereof. In sums
United States
pav and deliver in exchange therefor koW of n^t i^f= .?
ba?8 nl'!, ."i"? ^^S^'*- «nd Suppose, by way of illustration, this movement to
cofn so received
"
for the purpose of gathering
it
in
;
'
;
Provided, that the Seeretarv of ?>,«
i
J^i^^""r.?,L^<:?i'!l£«.''A¥f«?.«WchTnte
a Judgment
ooit of manufacturing the bars.'
"^''^'m*? such
shall equal the
obstruct the free shipment of gold is carried to the extent that it adds one cent to the rate of exchange, that is
|
j
!
i
Mabcb
THE CHRONICLE
31, 1801.
the price of exchange one cent ; this would add
about one dollar to every 100 pounds sterling any import
On the other hand, in the matter of sellof goods cost.
raises
made
441
In the meantime there is a lesson we may all loam
from the events transpiring. They illustrate afresh
the impotence of statutory law when put in opposi.
against an export of commodities (the
tion to the laws of commerce.
Making wry faces OTer
unchanged) there would our "ill-luck" would be about as efficacious in avert*
be an advantage to the seller of the merchandise like in ing the inevitable as trying to dam up the gold stream
amount, that is, say, equivalent to an addition of one now flowing towards Europe.
dollarper 100 pounds sterling to the total amount the bill
As, however,
of goods would yield on the former basis.
THE COMMERCE OF OUR INLAND LAKES.
the price we got for our surplus of wheat, cotton, &c.,
How many persons have a proper conception of the
which we have to market abroad controls the price of
total crop, and as that price is subject to conditions magnitude of the commerce which is being done each
the
which prevail in the country to which we send these year on our Great Lakes? Wo all know that there has
surpluses, the foreign market would be likely to reap been great growth in recent periods, that fleets of
the benefit noted in the case of our exports, while we steamers have been built and are doing a profitable
business in carrying on trade between the various lake
would have to bear the loss in the matter of imports.
These matters though, notwithstanding their import- ports, but sne hardly appreciates the real extent of the
ance, do not present the side of the subject of most tonnage transported over these inland seas till one has
Of course, it is only
serious consequence. Interest centres mainly upon the the data presented to him.
direct effect of the action of the Government upon the through the agency of a National Census that we get
extent of our exports of gold. And on that point we detailed statements bearing en the subject, and even
consider that the influence of the new law and of the in that case the statistics are more or less of an approxiaction taken under it will in no degree lessen the mation, since in the nature of things exact information
amount. We have never sent gold to Europe because concerning many features of the traffic is not possible.
The Census Office at Washington has within a few
a premium was put upon it there. France or Germany
may have by a small concession drawn a trifling amount weeks issued some bulletins which throw considerable
when conditions were otherwise favorable ; but if either light upon the subject. The facts given in these
country ever should secure in that manner any greater bulletins cover the season of 1889, and were collected
sum than would go out under natural influences, the by Mr. Charles H. Keep, special agent, under the
movement would be quickly reflected in weaker ex- direction of Prof. Henry C. Adams, the statistician of
change and after that, to enable any country to secure the Inter-State Commerce Commission, and who had
further shipments it would have to employ additional general charge of the investigation. If for reasons
inducements. Europe, when it gets our gold, gets it already suggested the records cannot be regarded as abbecause we are in debt to the outside world, and if we solutely exact, at least they offer us a great deal of
re loath to part with it, there is one, and only one, ef
valuable information which could hardly have been
I'octnal method for relieving ourselves of the necessity, obtained in any other way.
It is proper to say that
and that is by selling more commodities and buying the statistics are classified and grouped in an intelliless.
This year especially is this injunction pertinent, gent and rational manner, which of course adds greatly
for economy and frugality are more urgently needed to their usefulness.
This is a feature observable too in
than ever before to offset recent reckless legislation.
Prof. Adams's statistical report on United States rail-
ing exchange
price of the goods remaining
—
;
Let us not forget that we have in our free-handed
way undertaken to pay Europe an additional round
sum of money this year, and the payment must be in
gold unless we provide some other means of settlement. No relief from the consequences of our action
can be gained by attempts to fetter commerce. We
did what we did after deliberate consideration, and now
we will have to settle the bill. Of course all know
that we refer to the law requiring the Secretary of the
Treasury to purchase each
month 4^
million ounces of
ways, prepared for the Inter-State
Commerce Commis-
sion.
Some preliminary
obseryations which the Professor
makes bearing upon the method
He
of compiling the results
volume of traflBc
on the lakes is " most nearly measured, not, as in the
"case of foreign commerce, by the aggregate of
" receipts and shipments for all ports, but rather by
are worth referring to.
says the
" taking in the case of each port, either receipts or ship" ments, whichever happens to be the larger, and using
Mint "this figure to represent the commerce for that port.'
only 54,500,000 ounces, there will be none of He admits that this is not theoretically correct, but
that product left for export ; it will all be needed claims that it is the best method practicable.
Of
to supply the Government's monthly demand.
In course it is easy to see that as the receipts of one port
1889 we exported, according to the figures of the may represent the shipments of another port, to take
silver.
As we produced
in 1890, according to the
figures,
Bureau of Statistics, 21^ million dollars of silver
and 39 million dollars of gold more than we imported.
These figures show that if we do not
economize on our imports of merchandise or let Europe
have more of our products than we did in 1889, we
shall certainly have to send a very large amount of the
the total of both receipts and shipments would be to
This duplication
duplicate much of the tonnage.
than we did
might be supposed, as we
Prof.
Adams by
his
method
avoids.
To
the plan of
each port the highest figures, whether
receipts or shipments, there would seem to be some
objections, but the idea was to avoid the error of omisyellow metal abroad.
At all events that 21^ million dol- sion, since the returns for all ports at which traflBc
lars in silver will most likely have to be represented in originates cannot, we are told, be secured with absolute
gold and the 7 million ounces of silver required for accuracy.
The matter is, however, after all not so
consumption in the arts and manufacture we must very important, as the correspondence between aggreunport and pay for in gold unless we produce more gate receipts and aggregate shipments is closer than
ti
last year.
Adding
these
new items
to the
ordinary trade balance against us, what other alternative is there left
than that we have suggested.
taking
for
shall
show below; and
in
referred to, the rule
liability to omissions
in question should not perhaps be regarded as vitiating
view of the
THE CHRONICLE.
442
the final results. Trade between American and Canadian ports is included in the statements, but not trade
between one Canadian port and another. The statis-
[Vol. Lll.
107 tons, or 27 "96 per cent, was iron ore, shipped chiefly
from ports on Lake Superior and Lake Michigan, and
delivered chiefly at ports on Lake Erie, whence the-
have been prepared from the reports of customs various railroads carried the ore to the furnaces in
The same vessels that deofficers, reports of shippers and reports of the impor- Pennsylvania, Ohio, &c.
transportation lines operating on the lakes, and livered the ore took back on their return voyage coal
tant
the returns from these sources have been checked by consigned to points on Lake Superior, Lake Michigan,
the board of trade reports in the various cities. The &c., thus getting a profitable trade both ways. Thetotal coal freight is given as 6,105,799 tons, or 22-24
figures cover altogether 107 ports.
Lumber is another large item,
cargo tonnage per cent of all freight.
In this way Prof. Adams finds that the
tics
on the Great Lakes
for the season of 1889 (not includ-
ing Canadian coastwise trade) amounted to almost 27^
In
million tons— in exact figures, 37,460,360 tons.
other words, this large aggregate of freight of one kind
or another was transported on the lakes in the season
The ton taken is the net ton of 2,000
before last.
lbs., so that expressed in pounds the total of the freight
thus transported would be roughly 55 thousand millions.
And this is independent of a large amount of merchandise which could not be reduced to a tonnage
basis, such merchandise traffic comprising no less than
5,656,206 packages. It may be supposed that the total
tonnage has been greatly enlarged through the rule of
counting either receipts or shipments, whichever was
amounting to 6,857,257 tons, or 24*97 per cent, some of
this coming from Canada.
Iron ore, coal and lumber together furnished no less
than 20,640,163 tons out of the total of 27,460,260
If to this
tons, or 75-17 per cent of the whole.
we add the 4,506,554 tons of agricultural products
(1,929,614 tons being corn and 969,150 tons wheat),
we get 25,146,717 tons, or 91-58 of the whole. Stone
amounted to only 311,015 tons ; salt, 296,513 tons ;
other products of mines and quarries, 58,117. tons
animal products, 64,728 tons ; and manufactures, miscellaneous merchandise and other commodities to
This analysis.is interesting as showing
1,583,170 tons.
that the products of agriculture, together with ot€,
coal and lumber, really furnish the bulk of the entire
if the receipts by themselves were taken,
the total would be almost 26 million tons (25,936,132 lake tonnage.
We have stated that these statistics cover the returns
tons), while if the shipments were taken, even then
of 107 ports.
But there are only 16 ports whose comthe total would be about 25i million tons (25,266,974).
the larger, but
would be interesting to see how the tonnage by
lake, as here given, compared with the freight tonnage
of the United States railroads ; no direct comparison,
bowevcr, of that kind is possible. Prof. Adams, in his
It
last
statistical
report,
gave
the
number
of tons of
j
bined receipts and shipments reach 900,000 tons each,
i
Chicago heads the list, having received 5,069,973 tons
and shipped 2,914,065 tons. The shipments of course
are almost entirely agricultural products (wheat, corn,
&c.),
which amounted
to 2,819,041 tons.
The
'
I)
|]
receipts
il
June comprise 2,588,004 tons lumber, 1,329,364 tons of
539 million tons, this being presumably coal and 731,188 tons of iron ore. Escanaba has only
the aggregate of the tonnage reported by all the various 195,558 tons receipts, but shipments larger than those
But as the same ton of freight might be car. of Chicago, namely, 3,430,832 tons, of which 3,364,roads.
ried by a great many different roads and be reported in 067 tons were iron ore.
At Ashland, out of 1,759,884
the tonnage of each, the total of 539 million tons must tons total shipments, 1,663,021 tons were iron ore,
necessarily be regarded as out of all proportion to the and at Marquette 1,541,495 out of 1,567,539 tons were
actual quantity of freight moved.
A more reliable iron ore, while from Two Harbors the entire 936,541
freight carried by our railways for the year ending
i
30, 1889, as
,
i
|
'
volume of trans- tons shipments were iron ore. At Muskegon the 851,furnished by reducing the 440 tons shipments represent lumber to the extent of
figures in both cases to ton miles. This is the plan fol- 846,615 tons.
At Buffalo the 4,046,144 tons receipts
lowed by Mr. Eobert P. Porter, the Superintendent of the comprise 3,132,433 tons of agricultural products, 403,Census, in his introduction to the bulletin giving Prof. 951 tons of lumber, and 333,827 tons of iron ore, while
Adams's result. Mr. Porter states that the average dis- the 2,683,993 tons shipments are made up chiefly of
tance for which freight on the Great Lakes is carried is coal.
At Cleveland the receipts were 3,737,708 tons,
566 miles. Applying this to the tonnage above reported, composed mainly of iron ore and lumber, and at Ashthe ton mileage on the lakes for the season of 1889 tabula the 3,205,595 tons receipts are almost entirely
basis, at least to indicate the relative
portation work involved,
|
is
j
1
j
'
;
i
^
||
amounts, he says, to 15,518,360,000 ton miles. The iron ore. At Milwaukee the 1,584,254 tons receipts are ll
aggregate ton mileage of the United States railways chiefly coal and lumber.
1
according to the Inter-State Commerce report for 1889
With such growth in tonnage it is not surprising ti»
was 68,727,223,146, so that the ton mileage of the freight find some very decided changes in the character of
transported on the lakes is equal to about 22^ per cent of the floating equipment on the lakes.
There were in
the tonnage mileage of the railroads. Mr. Porter very 1890 2,055 vessels, with
a net tonnage of 826,360 tons,
''
!
i
'
!
'
pertinently observes that in no other
relative importance of
in 1886.
i
against 1,997 vessels, with a net tonnage of 634,652 tons
ively shown.
way could the
lake commerce be more effect-
tracts
But
it is
attention as
not so
it
is
much
the increase which at-
•
i
]
\
the better character and in-
Part of this lake tonnage represents freight
carried creased capacity of the equipment.
With less than 5
in competition with the railroads during the
season of per cent increase in the number of the vessels, the toninland navigation, but much more of it
represents nage has increased over 30 per cent, while the value of
freight of independent origin, and which really
goes to the vessels has increased almost 90 per cent, or from
add to the volume of railroad traffic, since much
of it $30,597,450 to $58,128,500.
Steam vessels are replacdoubtless would not exist except for the
very cheap ing the sailing vessels.
There were 1,060 of these latmethod of transportation afforded by the water route.
ter in 1886 and only 902 in 1890, while the steam vesAs bearing on this feature, it is noteworthy that the
sels in the same time increased from 937 to 1,153.
As
total tonnage of 27,460,260 tons is made up
very largely regards tonnage, that of sailing vessels declined from
of: A few leading articles and commodities. Thus,
7,677- 309,767 to 302,658 tons, while that of steam vessels in;
i
1
i
;
i
March
I
;i
THE
31, 1891.J
from
And
;i-^4,885 to 5-^3,703 tons.
aro of constantly increasing size.
ClIKONIOLE.
the steam
In 188G there
443
I.AnOB OAlXd IX
OROM
-7-
MoiithornPnoitlpinrDadii).''
Ndi-. I'lir. anil WIkc Cout.
RtRXIWr.ll
,
....
,,
I<(
JA!«IIAIIT.
.
•,,|,l..._
.<ll.11.785
1 20,039
but 21 propellers of over 1,500 tons burden ; now I'liliiii Piii'lllo (0 ru»il«i...
TO..
(Il,l<t«
<'aii;iillim riiclHo
73,ai)6
there are 110.
Stool is also being more generally used I'lilliKti'liililik A Raadtug.. l<it>,.mu n. v "
rn....
7iM»
(i>iil A Inin Co
21)V!..->()1
Hiiihiih
k.Vnl
70,34»
for largo vessels.
In 1880 there were 6 steel vessels, Atcli. mill 8iiu. Fran
2An,l)04 rirv
se,ow
Criitml of Now Jeniny... l().').Jl(l Nimh.
il<.
with an aggregate tonnage of 6,459 tons, and aggregate I'eniinylvanlA
170,164 Col. li.
value of lOO^.OOO.
This is quite an extensive list, all tilings considered,
In 1890 there were G8 steel vessels,
with 1)9,457 tons aggregate tonnage, and valued at no and yet as far as amount of addition is concerned
th©
le?8 than $11,964,600.
These various facts, according first four systems furnish tho bulk of it. Thus the
wt-re
.
.
,,
,
,
,
,
.
•
.
.
<
.
i
to Prof. Adams, indicate that a new factor is being in- .Southern Pacific system reports no less than $719,777i
troduced in tho problem of trans-Continental transpor- increase, the Northern Pacific and Wisconsin Centra
tation.
$620,880 increase, tho Union Pacific $546,089 increase
and the Canadian Pacific $331,099 increase, making
$3,217,845 together for the four roads. These roads
but more particularly tho Southern Pacific and
The statement of net earnings for the month of
tho
January has been looked forward to with more than Uoion Pacific, suffered last year from the effects of
the usual interest. The short grain crops of last sea- severe snow-storms and blockades in the regions west of
son it was known would leave their mark on the income tho Kocky Mountains, the Central Pacific at that time
experiencing the worst interruptions in its entire history.
of tho roads most afiEected by that circumstance.
On
the other hand, there was an offsetting advantage in This year in January there were no obstructions of that
NET EARNINGS FOR JANUARY.
many
the fact that in
parts of the
West
kind.
had been
Another class of roads which did poorly last year,
restored to a better basis on the 1st of January, and
and this year shows decided improvement, is the
tliat very close economy in operating was being pracThus the Philadelphia & Reading reports
ticed by many companies in view of the falling off in coal roads.
income previously experienced. It was not easy to tell $145,360 gain in gross on the Railroad Company, with
what would be the net effect of these opposing forces. $292,504 gain on the Coal & Iron Company, and the
rates
The result, however, is just about what might have Central of New Jersey reports $195,216 gain. Then
been expected— that is, very irregular as between dif- the New York Ontario & Western has $72,569 gain, iu
ferent roads and different sections, some special causes part as the result of the opening of its extension to the
coal fields, while on the Summit Branch and
mentioned below having contributed to this end.
Lykens
Taking simply the aggregate of all the roads, there Valley there is an increase of $70,342. Still there are
would appear to be no reason for feeling dissatisfied some rather conspicuous additions which come neither
with the exhibit. There is a gain in both gross and net from the Pacific section nor the coal group. Thus the
Atchison with the San Francisco has increased its gross
earnings, and the gain is not small either.
In other
words, on the 135 roads embraced in our statement 1255,904, the Milwaukee & St. Paul $151,785, the Penngross receipts are $3,857,444 larger than in the corresponding month last year, while the increase in net is
'
In tabular form, the amounts. As for the roads reporting large losses in gross
receipts, tliere are not so many as might be supposed
only seven which have in excess of $40,000 decrease, of
Honth of January,
which about half have been affected by the falling off in
(1«S road).)
corn traffic. The Chicago Burlington & Quincy belongs
TncreaH.
to this latter, with $387,579 decrease, and so does
1890.
Ainount.
the
Percent
Wabash, with $127,057 decrease, and the Kansas City
%
$1,508,484, or 13-10 per- cent.
figures are as follows.
lP»t.
t
Gross eariiinfrs
Operating eipenscs
50,(la«,230
46.20«,«S8
3,857,444
3«,093,-40
Net carnlDes
33,':44,780
2,318,960
6M
1,808,434
1210
13,972.5401 18,484.05b'
These results appear the more satisfactory when we
bear in mind that they follow gains both last year and
the year before
the improvement in January, 1890,
having been $1,554,376 on 114 roads, and in January,
1889, $3,365,f(88 on 88 roads, as the following will
—
,
show.
Qrott Earning*.
Janxtary,
Net Zamtnoi
Tear
Year
Increase or
aiitn.
Pretei'i.
Decr-Me.
»
Year
Olven.
h
lis).. 24,183,423 19.950.928 +4.212,497,,
»
Year
Increate or
Preced'g. Decrease.
t
«
7.213,497 4.680,990+2,632.507
25.830.800 21,926,403
+704,397 6,067,842 7.628.153—1,560.311
"Wis),. 38.029,124 33.437,161 +4.591.963
9,499,510 7.13:},632 +2.386.888
U4 roadsl.| 14,986,518 41,166.068 +8.500,460 12.428,759 10.872,383 1.654.376
1 25 roada).
50 ,086.280146.208.836 + 3,857,444' 13,072,540 12,164.0561+ 1.508.181
Ills)..
I
.
1
+
'
sylvania $170,164, the Illinois Central $129,659, the
Rio
Grande Western $81,148, and a few others of smaller
Fort Scott & Memphis, with $42,902 decrease.
LABOE LOSSES IS GROSS EARNINGS IN JANCABT.
CMC. Burl. & Quincy
Wabash..
N ortheni Central
Mlnu. St. P. & 8. 8. M.... $55,023
127.057 Pitts. Youih?b. A A«h
51 385
63,5371 Kau. City Ft. S. & Mem
42 903
^*,»v*
61,S03
$387,.579
I
.
Central of Georgia
. .
|
In the case of the net earnings the very prominent
part played by a few leading companies with heavily
improved totals is still more noteworthy. The increase
iu net on the 135 roads as a whole reaches, as already
stated, $1,508,484.
But the Southern Pacific alone
lias $682,523
gain in net, the Union Pacific has
$607,496 and the Northern Pacific and Wisconsin Central
$344,793, so that the three together have
$1,634,812 gain, or $126,338 more than the gain by the
entire
Besides these, the Philadelphia &
& Iron Company has $169,204
125 roads.
Reading with the Coal
we come to analyze the statement, gain in net the Pennsylvania, $141,173 tho Canadian
improvement tlio present year has Pacific, $124,237 the Central of New Jersey, $86,993 ;
icome entirely from exceptionally heavy gains by a few the Chesapeake & Ohio, $67,672 the Milwaukee &
companies which last year were distinguished for St. Paul, $65,672 the Summit Branch and Lykens
rather poor returns.
This does not apply to the Valley, $55,522 the Rio Grande Western, $45,966,
increase in gross earnings with as much force as it does and the South Carolina, $40,163.
\\
.
hen, however,
;
;
"O find that the
;
;
;
;
to the increase in net,
case.
Here
a
and yet
it
applies even in that
companies or systems whose
•gross receipts in January, 1891, have
increased $40,000
or more as compared with the
same month last year.
is
list
of the
LAROB GAINS IN NET EARNINGS IN JANI'ART.
Southern Paeiflc ((lron<l»).$tW2,523 Central of New .lersey. ..
Union Paclfle (9 roa<la)... 007,490 Cbcoaprako & Ohio
Xor. Pac, and Wine. Cent. 311,7'.)3 Pt. Paul
PhUa. A Kendlui;
113,219 8iin.init Br.nnd I.flcVaL.
Coal* Iron Co
43,0^5 Klo Orando Western
Pennsylvania
141,173 Soutb CaroUaa
Canadian Paolttc
124,237
f9C99S
67,673
63.672
S5.52S
45.066
40|US
THE CHRONICLE.
444
Of course there are
net, but the roads are
also
many
some very heavy
them the same
of
[Vol.
Ln.
The trunk lines record a decrease, and except for
the gain by the Pennsylvania the decrease would be-
losses in
as those
already mentioned above as having large losses in gross.
much
Thus the Burlington & Quincy falls $341,018 behind in
Both these roads
net and the Wabash 1121,111 behind.
Mississippi,
Besides this road only the
heavier.
the
Chicago
Ohio
& Grand Trunk and
&.
thfr
Detroit Grand Haven & Milwaukee have better net
had strikingly large gains in January, 1890, the former than in 1890. In the case of the roads in the Middle
$345,818 and the latter $207,399. Another road which Western group, there is a small loss in amount, but
has suffered a decided reduction of net the present year 14 of the 82 roads have gains. In the Eastern and
the same road for February Middle group there are 5 roads with losses and 9 with
is the Baltimore & Ohio
has done much better however, as will appear from the gains. In the South the gains and losses are about
And the equally divided 15 of the one and 14 of the other
return for that month on another page.
same is true of the Illinois Central, which also shows though, as with the other groups, there is a small deimproved net for February after a loss in January. The crease in the aggregate. Some of the Small Southern
loss of $169,104 for January, 1891, on the Atchison & lines have quite a large ratio of improvement, but in
San Francisco is much smaller than the losses by the amount the increase is large only on the Chesapeake
Bame system in the months preceding, and follows & Ohio and the South Carolina. The former has exentirely from heavier expenses, the gross having panded its net $67,672 and the latter has increased
from $40,728 to $80,881.
increased, as noted above.
;
—
IN NET BARNINOS IN JANDARY.
$34],018 Central of Georffia
169,104 Northern Central
121,834 minois Central
121,111
LABGE LOSSES
Clilc.
Burl.
&
Quincy
Atch. and San Fran
Bait.
&
Ohio
I
|
I
Wabash
Gross Earningt.
$89,674
63,547
41,436
Net Earrnnm.
January.
1891.
1890.
t
|
t
1891.
t
8,621.327
935,661
1,526,205
851,627
8,209,802
1,993,886
1,350,831
405,981
87,630
1890.
(
3.652,404
952,164
1,766.212
1,032,024
Inc.orDte.
t
P.Q
—181.077 3-59
Arranging the roads in groups in our usual way, it Trunk lines... (llj l.'!,850.3fle 13,701,755
Mid. We8t'n..(a2l
3,403,895
3,169,812
-16,613 T74
is found that the Pacific roads and the coal roads are NorthweBt'n..(12)
5,574,366
5,741,442
—240,037 13-58
-180,397 17-48
improvement in net pre- 8outhwe8tern..(6l 3,623.124 3,374,538
the only ones which show an
Paciflo road8..(19) 10,333,388' 8,086,518
1,610,888 +1,788.714 118-3
cisely the two groups which a year ago showed losses. South'n roads (29), 6.123,203 6.917,926
8,018,296
-24.610 v%-i
Coal comp'ieB(ll)i 5,159.498
4,338,807
1,028,094
+321,837 31
The increase in the Pacific group reaches $1,788,714, Ka8t'n&Mld..(14)i 1,652.852 1,574,941
—14,045 3-34
420,028
346,601
332,097
83,018
+4.612 6-5i>
or 118 per cent, and that on the coal roads $321,837, or Mexlc'n road.
Total. 125 roads 50,066,280 46.208,836 13,972,640 12,464,066 +1.608.481 12-10
31 "28 per cent. Notwithstanding the large gain on the
Pacific group as a whole, some of the lines in the KOTB.— Included under the head op—
Trunk Lines.
St. Paul A Duluth.
Jack. Tampa A K. W.
East
Wisconsin Central.
Louisville A Nashville.
various systems record losses. Thus, in the case of the B, A O,, West ot Ohio.
B. &0..
of Ohio.
Louisville N.O. A Texa».
Clev. Cin. Chic. & St. L,
Southwestern.
Chat.
Union Pacific there are losses on nearly all the roads Peoria & Eastern Dlv. Atch. Top. A Santa Fe Sys. Nash.OrleansA ASt. I>nule.
New
Gulf.
Grand Trunk of Canada.
Roads jointly owned }4. Norfolk A Western.
eastern end of the system and gains on the
in the
Chic. &Gd. Trunk.
St. L. A San Fran. sys.
Ohio River.
Ri da jointly own.
Det. Gr. Have- A Mil.
Ohio Valley of Ky.
N. Y. Lake Krie&
Midland.
roads running to the Pacific Coast.
Among these lat- Ohio & Mlsssissipl.vVest'n. ColoradoFt. g. Mem. H. Petersbure.
Kan. C.
Rich. A Petersburg.
A
Sav. Amer. A Mont.
ter, the Oregon Short Line has $293,433 increase in net, Pennsylvania.
Wabash (consol. Bystem.)
Pacific Sustema.
South Carolina.
Canadian Pacific.
Tall. A Coosa Valley.
Middle XVestem.
the Oregon Navigation [$256,847, the Montana Union
Northern Pacific.
Tennessee Midland.
BalttmoreAOhJoSouthw. Rio Grande
Western.
Wash, r-outhern.
Chic. &
$101,327 and the Union Pacific proper $158,725, Cleveland est Mien. Col. San. Fran. A North. Pac. Wrightflv. A Tennllle.
Akron A
So. Pac— Pac. System.
Cleveland & Marietta.
the
Gal. Har. A S. A.
Coal Companies.
while on
Union Pacific Denver & Gulf Col. H. Val.&ToI.
Louis. Western.
Buff. Roch. A Pitts.
Det. Bay City & Alpena.
Morgan's La. AT.
Central of New Jersey
there is a decrease of $38,837, on the St. Joseph & Det. TiAns. &. Nor.
N. Y. Tex. A Mer.
Phila. A Reading.
Blsin Joliet & Eastern.
Texas A New Orleans.
Coal A Iron Co.
Grand Island a decrease of $50,399, on the Central Flint* Pere Mara.
PacificPittsburg A Western.
Qrand Ranlds A Indiana. Union 8h. L.
Ore.
A Utah Nor. Pitts. Clev. ATol.
Cin. Rich. & Ft. W., Ac.
Branch a decrease of $60,515, and also small decreases Illinois Central.
Oregon Ry A Nav, Co.
Pitts. Paines. A Fair
Union Pac. Den. A Gulf. Summit Branch.
Ind. Decatur & West.
on the minor lines in Kansas. This is just the reverse Kanawha A Michigan.
St. Joseph A Grand Ut.
Lykens Valley.
All other lines U P. sys. Western N. Y. A Penn
Luke E. Alliance A So.
Central Branch U. P.
West Va. Central.
of the condition of things a year ago, and from it we Lake Erie A Western.
Montana Union.
PIttsb. Younffs. A Asb.
Eastern
leaven. Top. A Southw. Allegbeny A Middie,
see the influence of the better weather the present year Sag. Tusco. A Huron.
Valley.
Man. Alma A Burl.
Toledo Col. A Cin.
Baltimore A Potomae
Central.
Camden A Atlantic.
and also the influence of the poorer corn crop. On the Toledo A OhioW.
Southern Roads.
Toi. Peoria A
Lehigh A Hudson.
Cape Fear A Yad. Val.
New York A Northern.
Southern Pacific we have losses by some of the Texas Wheeling A Lake Erie. Central ol Georgia.
N. Y. Ontario A West.
—
..(!)'
-..>8
.
ta
s.\
.
lines in the Atlantic
system
—as
NorthiveaUrn.
for instance the Gal-
& San Antonio, the Louisiana WestTexas & New Orleans. As regards the
veston Harrisburg
ern and the
roads in the coal group, they
all share in the improved
reported except the lines in the Pittsburg &
Western system.
results
The Northwestern group and the Southwestern
group make rather a poor showing, but this is misleadby reason of the
prominent part played by the Chicago Burlington &
Quincy in affecting the results for that group. Besides
ing, at least as regards the former,
the Quincy, only the "Soo" Koad, the Iowa Central
the Keokuk & Western and the Des Moines & Northwestern report diminished net. All the other roads
in
that section have added to their net.
In the Southwestern group, however, there is but one gain, namely
the Colorado Midland, though the Denver &
Rio
Grande has not yet furnished its figures. The
Rio
Burl. Cedar Rap. A Nor.
Chic. Bnrl. A Quincy.
hie. Mil. A St Paul.
Chattanooga Union.
Cberaw A Darlington.
Ches. A Ohio.
Ches. Ohio A Southwest.
Des Moines A Northwest Cin. N. O. A Tex Pac.
Iowa Central
New Orl. A Northeast.
Keokuk A Wes'ern.
Alabama A Vick^burg.
Milwaukee A Northern.
Vickaburg Sh. A Pac.
MlDU. A St. Louis.
Georgia Railroad.
Minn. St. Paul AS. S. M. Ga. Southern and Fla.
Quincy Omaha A K. C.
Julf A Chicago.
I
Northern Central.
Pitts. Marion A C.
Pitts. Shea. A Lake Brie.
Rome Watertown A Ogd.
Staten Island.
S'ony Clove A C. Mt.
Ulster A Delaware.
West Jersey.
Mexican R/^ads.
Mexican National.
pConctayasaPommercial gttgltsit l^^f
[From OUT own correspondent.)
London, Saturday, March 7, 1891.
three days of the week money -was in Tsry
strong demand and the rate of discount in the open market
went up to 3 per cent, the official Bank minimum; but sincethen the rate has declined to about 25^ per cent, business beDuring the
first
ing done even at 8 9-16. The advance early in the week wa*
due partly to the alarmist rumors which have continued t»
circulate, partly to the demand caused by the settlement in
consols consols being settled only once a month instead of at
the ordinary fortnightly settlements and partly to borrow*
ing by the Bank of England upon consols. It is believed also
that the joint-stock and private banks have been strengthening fheir reserves by calling in loans both from the Stock
Exchange and from the discount market. At all events, dur-
—
—
Grande Western is included in the Pacific group,
and
has net of $68,884 for 1891, against only
$22,918 for
January, 1890. It is proper to say that
both the ing the week ended Wednesday night there has been a considerable increase in the private deposits at the Bank of Eng»
Northwestern and the Southwestern group last
year
land, in which are included the bankers' balances; and .ther0
showed very noteworthy improvement— the one 44
per has been a very large increase in the "other securities," that i^^
cent and the other 50 per cent.
the discounts and advances made by the Bank to the outsid*
J
March
THE CHRONICLE.
31, 1801.]
To some extent
market.
payment
but a large part of
would
this latter increase is
of the Haring acceptances by the
consists of discounts
it
causod by the
Bank
of Kngland
and
loann.
;
It
probable, therefore, that rate? will be fairly well
maintained for the rost of this month, No doubt the Govern8e»>ni,
•
soon now begin to exceed the receipts; but, on the other hand, the return of coin from the
circulation is coming to an end
and, above all, the distrust
ment expenditures
will
;
tliat
must
prevails
have some
uiion
eflfect
the
money
ninrkt't.
445
and that thoy should Ik) informed of the purpf)**' for
which the loan was wanted. A second application haa also
failed. In consequence business has been suspended for twodaya,
and it is feared that the Government will have to isaue mora
inconvertible paper. The fear is so strong that the premium on
gold has gone up to about 374 per cent. The tiapor dolhir there«
fore is worth very little more than one-fourth of its nominal
value. But it seems hardly credible that the Government will
issue more paiier, for the agreement which it signed on Thursday with the London committee binds it not only not to isaue
more paper but to cancel 11.5,000,000 of outstanding notes in
each one of the next three years. Yet if the revenue is insufficient to cover the ordinary expenditure, and if the Government cannot borrow either at home or abroad, it is not easy to
see what alternative it has.
The news from Chili is also very
bad. The civil war appears to be growing more bitter and to
re|)ealed.
The rumors that have been circulating re8|)ecting the diSlsome of the largest houses connected with the Argentine Eepublic are to a large extent unfounded but there
is no question that the difflculties of the houses are very serious. One of the most important of them one which brought
out national, provincial, municipal and railroad issues to a
large amount during the past few years — is very seriously em- be likely to last for a considerable time. In Uruguay also the
barrassed, so much so that it has had to obtain temporary crisis is very severe. And the only favorable intelligence from
assistance from the trust companies.
according
It is believed, however, Brazil is that the coflFee crop is exceedingly good
that even apart from its Argentine securities the house has to what api)ear to be good estimates received in London, the
assets sutticient to meet all its liabilities, but unfortunately crop is worth nearly 30 millions sterling.
even the good assets cannot be realized on at present. In any
On Thursday the agreement for funding the interest on the
«Tent, it Is not thought likely that a failure will take place
Argentine national debt and the guarantees given by the
but it is only too probable that some of the smaller houses, some Republi6 to industrial companies was signed in London by Dr.
of the railway contractors and some of the commercial houses Plaza, representing the Government, and Mr. Burns of Messrs
will have to suspend.
Morgan & Co., representing the London committee.
interest
and guarantees are to be paid for
Ck)mmunication3 have for some time past been going on be- The
tween the Chancellor of the Exchequer and the leading joint- three years in bonds bearing six per cent interest
receivable
for
customs
stock and private banks with a view to coming to some ar- and
duties.
During
the
rangement for publishing their accounts more frequently and three years the Government is to issue no more paper
for increasing their reserves. Ttie banks met the Chancellor notes and is to cancel annually 15 millions of dollars of the
of the Exchequer in a friendly spirit. They yesterday agreed notes outstanding. The agreement has of course still to be
to publish monthly returns and very materially to increase approved by the bondholders, but little doubt is entertained that
their reserves but they insist that more time and fuller con- they will accept it. It remains to be seen, however, whether
cultioa of
;
—
;
;
;
aideration are required
especially they point out that if sev«ral millions sterling were withdrawn suddenly the existing
difficulties would be greatly aggravated.
They appointed
a small committee to settle the form of the return.
The
;
market has been again depressed this week, the
being 44 ll-16d. per oz. Th j Indian demand is
amaller than is usual at this time of the year, the Continental
demand has fallen off, and American selling still goes on.
The market for silver securities is even more depressed, especially that for rupee paper.
There is a report that some considerable amount of rupee paper has been forged in the
United States, but it is impossible to ascertain whether there
price
is
silver
now
any truth
in the allegation.
rumored that en-
It is also
dorsements to rupee paper have been forged, but the rumor
also cannot be verified. Whether true or false, however, the
talk has greatly depressed the market.
The stock markets have been more stagnant thij week than
ever. Indeed, brokers assert that scarcely ever in their experience has so little been doing.
In the American department
there
is
aloof,
and the larger operators are equally
utter lifelessness
has not been
;
the public
is
altogether holding
Yet there
inactive.
much fall during the week. For two or three
was much uneasiness in the market for Inter-
the new bonds will find a ready market. Certainly they will
not bring anything like what they would probably have
brought a month or two since, for the distrust of everything
Argentine has greatly increased.
In spite of the prevailing distrust, a considerable number of
are coming out, though it is believed that the
public are not subscribing liberally. Some of the European
new companies
governments, too, are preparing to continue conversions of
Next week it is expected that one of the Turkish
loans, secured upon the Egyptian Tribute, will be converted.
It is understood that Messrs. Rothschild have undertaken the
conversion both in London and in Paris. The conversion of
the Russian debt will also be continued, and negotiations are
going on for giving assistance to Italy, Spain and Portugal.
The conversion of the Cuban debt is soon to be taken in hand.
The wheat market continues quiet.
The Board of Trade returns published to-day are better than
was anticipated. It was expected that following the severe
weather of January some small improvement in imports
might be shown.
The increase of as much as £2,292,."512
is
therefore regarded as satisfactory. The greater
portion
of
raw
the
gain
is
arrivals
of
in
the
cotton, which
have been worth £1,491,000 more than
the receipts in February, 1890, America having sent us 1,661,000 bales in February, 1891, in contrast with 1,209,000 bales in
their debts.
days there
Bourse securities, and a considerable decline, owing mainly
to the fear that the excitement in Paris caused by the visit of
the Empress Frederick might endanger the relations between the same month of last year, and Egypt 283,000 bales against
France and Germany but the fear has greatly abated. Still only 171,000 bales in Febiuary, 1890. The arrivals of cereals
the temper shown by large sections of the Parisian population have been large, the wheat received being worth £348.000 more
continues to cause disquiet. In the market for British railway and wheat meal £169,000 larger than in the corresponding
stocks there has been a sharp fall, partly due to the prevail- month of 1890. Sugar also shows the considerable increase of
ing uneasiness, partly to the fear that the regulation of ra'es £848,000. The exports are less unfavorable than in January,
insisted upon by the Board of Trade will reduce dividends but nevertheless they are £613,000 below those of February
and partly to the labor disputes. It seems probable now that 1890. The iron and steel trade is responsible for £428,000 of
the dispute between the ship-owners and their employes will this decline, our shipments to the Argentine Republic, tha
come to an end. The unions are disagreeing amongst them- United States and South Africa all being small.
selves and the dockers are returning to work.
But the worst
The following table gives the exports of British and Irish
fall has been in South American securities, especially in the
produce:
stocks of Argentine railway companies. For months these
199J.
Per
1890.
Exports.
t
Cent.
have been falling steadily, and- apparently the holders of long
«
Difference.
— 1,7»2,437
January
.
19,834,315
21,.%86,7.52
-Sll
stocks are getting rid of them as fast as they can.
- 613,607
—2-91
February
20,470.621
21.084,228
The news from Buenos Ayres is very disquieting business
-9-54
2montb8.... 40,304,930
—2,366.044
12.670,980
is completely at a standstill, credit is utterly paralyzed and
The comparison of import trade is g^ven below :
there is widespread distress. Owing to a run on the ProvinPerCt.
Difference.
1891.
1890.
cial Bank of Buenos Ayres the President has had to apply to
£
IHFOSTS.
a
«
the foreign banks in Buenos Ayres for a loan of $?0,000,000, January
-11-54
33,741.0'<2
—4.402.768
38,143,S50
-2,292.512
+ 7-3B
33.311.354
31,018,842
and has been refused. It is said that the banks made it a con- February
—S-05
—3.110.396
dition that the tax of 2 per cent on their deposits should be
2 months.... 67.052,436
69.162^692
;
;
THE CHRONICLE.
446
Exports of foreign and colonial produce were as follows
January
February
.
Ct.
+49 2,708
+1-01
+102,559
10,149,458
montm ... 10,252,017
The foUowing return shows the position of the Bank of
2
England, the Bank rate of discount, the price of consols, &c,,
compared with the last three years
:
1891.
Mar.
Mar. i.
£
Mar.
Jfar. 0.
6.
£
Week.
$14,509
West Indies
36,628
2,100
181,000
23,806,835
88.391,065
12,263,140
29,313,005
10,340,528
10,487,164
4,075
746,500
1.200
3,400
$234,217 $5,549,280
224,800
1,738,750
1,735,800
4,541,549
$107,300
207,610
203,142
11,343,231
22,010,198
14,241,949
23,950.885
Oovermnent
33,389,944
21,176,757
15,370.834
23,133.874
16,367,307
23,584,132
23,639,120
14,817,006
22,162,389
16,571,674
20,990,328
14,499,881
16,038,363
23,029,573
22,008,071
4815-16
S8«
i2H
Prop, assets to liabUltlea per ct.
45)i
3
perct.
3
Bank rate
•4Hi
2Ji
—
9515-16
973-16ld
Consols
97H
168.230,000 186,197,000 189,195,000 133,389,000
Qearlns-House returns
.
6.
$120,62,5
3-29,7i;()
4''2
7f>~>
9,954
31,3S7
289,218
101,700
Total 1891
Total 1890
Total 1889
12,630,034
March
Since Jan.l
$i',oo6
All other countries..
28,191,210
•
Week.
$129,173
22,805
3,600,877
1,045,850
South America
7.
24,213,040
Other securities
Beserre
Coin and bullion
Shice Jan. 1.
Great Britain
£
£
Circulation
PttbllcdBPoalts
Other deposits
Becurltles
Imports,
Gold
18S8.
1889.
1890.
YORK.
Exports.
—8-20
+9-17
—390,149
4,779,951
5,369,507
4,389,802
5,862,215
NEW
EXPOKTS AND IMP0KT8 OF SPECIE AT
:
Per
Difference.
1890.
1891.
LVoL. LII.
Fxports.
2,657,9(13
1,736,468
I)npo)-ls.
Silver.
Since Jan.
Week.
16;6"75
157,358
35,025
111,488
27,400
$1,610
25,302
50,800
73,506
Total 1891
Total 1690
Total 1889
City
Bank Statement
14, 1890, is as follows.
$20,439
48 923
93,775
74,453
198,794
.""h'eo
All other countries..
New York
Since Jan.l.
$389,275 $3,948,282
162,660
5,225,110
377,430
3,607,989
West Indies
Mexico
South America
Easlish Financial markets— Per Cable.
Week.
1.
$299,100 $3,419,677
197,334
Great Britain
1890.
The daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending March 80
$1,203,709
We
956
for the
$430,386
333,223
364,05tJ
week ending March
omit two ciphers
(00)
in all cases.
Banks.
Zondoru
Mon.
Sat.
Wed.
Tues.
Thurs.
falver.pcror
d 455i(, 455,e 4518
45
Oon8ol8,new,2%rcrets. 96li,8 96i5ie 96i3ie 96lli«
do foraocount
9616,
9615,
97
96%
Fr'cli rentes (inParisjfr. 95-40
94-62111 94-7713 95-02ia
U. S. 4i28 0f 1891
1104^8
10418
104%
1041s
V. 8. 4s of 1907
'122% 122% 12312 1231a
Canadian Pacific
78ia
7858
79
78%
Chic. Mil. & St. Paul
57IS
5714
56Jfi
57%
Illinois Central
95
95%
97
95%
take Shore
112'4 112% II314 112%
L,oui.sville & Nashville..
75%
76
75%
761a
Mexican Central 48
74 18
7319
73%
73V
N. Y. Central & Hudson. 104
104% 1051a 1044
K. Y. Lake Erie & West'n; 19
1914
1938
19%
do
2d cons
IOII4 I01i« 101%
'lOl
Norfolk & Western, pref 5458
5518
5513
5458
Northern Pacific, prel. ..
7414
74%
741a
Pennsylvania
52=8
5258
52%
521a
Philadelphia AKeading. 1518
I514
15%
15%
Union Piiciflc
46
.46%
47
46=8
Wabash, nref
18%
1S%
19
18%
.
7m
451j 45 'n
90%'
96uig
96i<,n
96%
94-87% 95-12%
104%
123%
78%
56%
96
112%
75%
73''a
104%
123%
78%
55=8
95%
112%
74-'8
74%
104%
19%
IO414
101 14
101
•54=8
73%
5258
I514
46%
18%
18%
54%
7314
5214
15%
45''8
18%
Capital,
Bank of New York.
Manhattan Co
,
Merchants'
Mechanics'
America
Phenix
City
Tradesmen's
Chemical
Merchants' Exchange
GaUatin National
& Drovers'.
Mechanics' & Traders
Butcher,'!'
Greenwich
Leatnei Manufact'rs.
Seventh National...
State of New York.
American Exchange..
Commerce
Broadway
Mercantile
Pacific
Repul)llc
Chatham
Peoples'
North America...
Hanover
National Banks.—The following national banks have
recently been organized
4,531— The Citizens' National Bank of Eoanoke, Va. Capital, $100
.,,.„„ ,^9^^- J"^" B- Levy, President; H. M. Dickinson, Cashier
4,532— The First National Bank of Water\nlle, Wash. Capital. S50 000
_tt'm. R. Ballard, President; John D. BasBctt, Cashier.
4,533—The Continental National Bank of Baltimore, Md. Capital
'
$300,000.
The
First National
clianged to
Tela"^"
Wilbui- F. Jackson, President
;
J.
Wesley Guest)
Bank
The
of El?in (No. 4,410), Baatrop County Texan
First National Bank of Glddings, Leo County,'
Imports and Expoets for the Week.— The imports of
last week, compared with those of the preceding
week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $10,386,023, against $10,881,053
the precedmg week and $12,785,468 two weeks prerious.
The
exports for the week ended March 17 amounted to S7
033 986
against 58,629,376 last week and $8,100,048 two weeks
p'reviou s'
Tae following are the imports at New York for the
week
eiding (for dry goods) March 13 and for the week ending
ffor
general merchandise) March 13; also totals since the
begidnine
°
or the first week in January,
..
Irving
Citizens'...—
Nassau
Market
&
Fulton
St. Nicholas
Shoe <fe Leather.
Com Exchange
Continental
Oriental
Importers'
& Traders'
Park
East River
Fourth National
Central National.
Second National.
Ninth National..
First National
Third National...
N. Y. Nat'l Exchange
Boweiy
New -i'ork Countv...
Glerman-Araericaii ...
Chase National
Avenue
German Exchange.
Fifth
.
Germania
United States
Lincoln
Garfield
Fifth National
Bank of the Metrop..
West Side
Seaboard
Sixth National
rOREIOK DtPOSTS AT
For Week.
1888.
Bry Goods
Gen'l mer'dise.
Total
Since .Jan. 1.
Dry Goods
HEW
1889.
$2,726,344
5,614,174
$8,370,518
$2,860,187
7,065,249
$9,925,430
$35,567,236
71,673,746
Western National...
Clrst National,B'Uyn
TOBK.
1890.
1891.
$2,982,069
8,361,833
$2,821,274
7,564,749
$11,343,902
$10,386,023
$36,644,091
74,898,555
Ir^^^a^'^A^''^ *"? for ^'^ Sooda trade
»^rts of dry goods i^® one week later.
wiU be found the
m^\
loUowiiig is a statement of the exports
jecie) from the port of New York to foreign (exclusive of
week ending March 17 and from January 1 to ports folthe
date
BXFOBTg raOM
TOBK FOB THB WBKK.
•
mw
1888.
1889.
1890.
1891.
For the week.
Pre V. reported,
$4,686,306
59,520,747
$5,496,705
69,067,834
$7,617,400
67,323,668
$7,033,986
66,562,441
Votelll weekR
$64,207,053
$74,564,539
$74,941,134
$73,596,427
^^"^
.fTu® ^°^'"','?? '*^'^ ^^9"^^ ">e exports and imports of snecie
1889:
periods in 1890 and
Loant.
Specie.
Legatj.
»
•
i
*
2,000,0
2,050,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
soe,o
600,0
1,000,0
300,0
200,0
200,0
600,0
800,0
1.200,0
6,000,0
6,000,0
1,000,0
1,000,0
422,7
1,500,0
450,0
200,0
700,0
1,000,0
600,0
600,0
600,0
760,0
600,0
600,0
1,000,0
1,000.0
300,0
i,500,r-J,000,U
250,0
3,200,0
2,000,0
300,0
i,eo7..')
1,457.8
(•06.7
1,924,6
2,026,7
669,6
2,652,0
107,3
6,451,0
127,2
1,527,5
2P4.'J
217,9
131,3
666,4
7:,2
458 8
2,067,0
3,529,5
1,631,1
944,1
400.6
96«,7
758,1
3(11,5
661,4
1,601,3
287.4
421,6
2(18,2
731,6
122 5
258,2
1,178 7
301,'.!
1,62-2.0
1,784,',!
1,017,0
4,478,0
251,4
6,027,8
574,0
1,143,0
540,0
tl,818,l
2,125,3
22,170,4
3,419,9
6,823,-i
1.646,0
2,240,0
l,l;9,l
2,7-23.3
1.2; 0,7
3,318 4
17,694.0
19.064,4
5,374.1
8,176,0
2,341,4
10,6:(7,2
6,127,
2,221.8
3,413.1
18,498,0
3,001.0
-li
139,1
•<0.(i
4S3
538.-3
262,9
91«.li
767 J)
48911
46;-l,8
607,
339, _
334,9
301,3
669,4
252,2
157,
370,
220,
772,
43J,2
3,792.2
484
1,4
l3,ui;i>,i;
4,5<in.i)
1,1('8,
238,
1,631,
386.
262,
eo,
2,797 3
2,757,4
10,501,2
4,318,1
2,873,7
2,5)5,0
4,156,6
8,884 B
3,393,8
1,793,3
4,350,9
1,802,0
4,309,0
1,436,0
10,111,1
3,648,0
l.-<27.y
2,270..-*
57,
S83.
1,151.
2,811,
323,
1,049,
302,
1,7-24,
e;3(i,
186
396,
970,
29J,
164
2,4-23.0
3,907.6
4.t-i«!1.8
2,210,0
346,
S09,
227,
283,
213,
4,488,0
4,660,9
22,644,6
3,e38,8
1,401,3
2,(is?,a
125,
2D3,
833,6
157,7
49d,0
1,-.!15,9
12,320,2
23,-292.0
210
276,'-!
7,3.=i5.0l
7,5i;!l,0
1>8,
364,4
1,092,-3
11,110,0
10,800,0
6,628,5
310.
8
2,(in6
17,647,2
6,7374
1,063,2
1,029.3
1,420,6
541,0
1,40S.2
1,003,3
317,6
590,
604,
040,
4,026.5
1,887,2
2,625.0
6,324,3
4,100,6
2,090,1
1,062,11
540,7
357.3
3'2U5
2o5,0
166,6
484,2
628.7
446,9
4,040,0
S
!,070.
2,920.8
21, .592,0
2I,8'j0.6
1,000,0
300,0
S,60P,
300,
1,800,0
1,763,0
1,181,9
400,7
5,029,0
2,698
140,0
750,0
600,0
250,0
200,0
750,0
600,0
100,0
200,0
200,0
600,0
300,0
200,0
150,C
800,0
200,0
600,
200,
11,760,0
11,072,0
6,710.9
8,634,0
14,198,2
4,709,0
DipoiitM.
331
l,osr,.8
1,324,U
2,674,0
l(),21H.O
13,880.2
4.383.2
8,306.3
2,788,;
11,567,5
6,491,8
2,903,8
3,001,7
14,h;5,6
3,038,0
2,892,3
3,020,3
4,194,5
1,780,1
3,093,0
6,619,6
4,786,4
935,1
171,7
267,
1,9.50,1
3,53:f,n
„,„„..,
2,202
4,169 5
1,799,
135,
Sl,791,0
25,068,1
1,064,8
18,643,4
7,806,0
5,314,0
4,745.2
21,813,2
164.1
4,468
1,124
1,40.1,0
3-23
1,280,0
787,1
4,091,3
649,1
245,4
680,0
810,0
55
264
t26,0
l,94'i,8
1,006,8
133,1
'243,8
1,100,4
813,1
726,8
461,7
766,4
275,0
818,0
154,0
1,068,4
86-2,8
0ti7
362
117
173
113
106
1,221,
i8»:
01c,
322
3,60<!,2
1,345,6
2,644,0
3,213,2
2,67-J,9
13,016,2
4,701,0
3,201,6
2,821,2
54,
4,32i0
269,
516.
4,305,6
4,261,6
2,083,4
4,947,4
1,958,0
4,574,0
1,251,0
8,775,7
3,052,0
2-24,
343,
233,
331,
210,
1,251,
165,
-I60,672,7 63.237,9 404,153.3 ,77,655,7 31,8-20,6 410,730,9
........
City,
Capital
Banks.
$39,673,693 $32,872,657
70,064,377
78,517,103
Zjtal 11 weeks. $107.240.982!$111.542.646'$109,738,070
$111,389,765
Oan'l mer'dise.
Total
New York
jurpitu.
$
(00« omitted.)
Fri.
Boston and Philadelphia Banks
ec
Svirvlvti.
Ijoant,
Specie.
Dem»its.i Oire'VnlOleannil,
LmaiM.
*
». york.'
*
*
«
*
Feb. 14.... 132,495,6 401,964,1 88.385,9 34,836,2 418 9'.7,6 3,534,411011,749,9
" Sil.... 132,49.5,5 403.522,1 83,»0'J,4 35,604,3 416 56'2,T 3,540,3 550.306,2
" 23.... 13'2,495,5 403,381,8 81, 3ill,0;35,93.%>' 414 426,1 3,494,6 483,489.8
Mar. 7.... 123,549,9 404,82.1,7 |78,5H7,S 35,431,5 41-2 473,3 ;i,523,5!6-20,593,3
,„
,
"
,
Feb. 28....
Mar.
••
,
14.... 123,810,6 404,153,3,77,653,7 31,820,6 410,730,9 3,527,9 470,466,4
Boston.*
7....
14....
PhllR."
Feb. 28....
!
66,842,9 164,369,4
65,842,9 154,37'2,I
66,342,9 166,063,3
9,786,
9,s57,
9,998,
4,36'2,1 126,935.9 3,228,1
3,820,1 I26,90d,0;3,243.8
3,939,2,127,672,1 3,242,0
72,335,7
90,756,8
83,383,6
289,02,173,0 64,961.9
96,678,0
93,;
26,396,0
65,019,5
92,4
4S7,(', 2,174,0
95,992,0
25,609,0
56,308,6
96,336.0
93,t
896,0, 3,17:,
20,155,0
• We ointt two cipAen tn all trtM«
Boston and PUi*'
flQum, Tlnolnding, lor
a«lDhla.tha Item " due to other banks."
Mar.
"
7....
14....
35,793,7
33,793,7
36.793,7
—A
leading bank in the city of San Francisco is the First
National, whose card mav be fotmd on the second page of
the Chronicle, The capital stock is $1,500,000 and surplus
$610,000. The bank is a United States depositary.
—Mr. Louis C. Schliep advertises in the Chronicle that he
will act as New York representative for corporations or other
parties desiring an agency here, and will furniih them satisfactory references.
1
I
MABcn
THE CHRONICLE.
31, 1801.]
Tho movement of brcadsturia to market ia indicated in the
Itatement bolow, prepared by us from tho flares of the New
first give tho receipts at Weat
fork Produce Exchange,
em liike and river ports, arranged so as to present the comparalive movcmont for the week ending March It, 1891, and
ince August 1, for each of the last three veara:
We
— Attention
is
447
called to tho card of
tlio
National Park liank
which
will bo found on the front page of the
CiiitoNicLE. ThU inHtitution is among the largest in the
country, having assets of $38,680,101 and a line of deposiU of
ni-arly fourteen million dollars, being grcator than that re(if
this city,
ported by any other national bank. It solicita accounts, buys
sella foreign exchange, and has superior facilities for collections, besides having safe deposit vaults of superior con^
Htruction and security. The officers conducting tho afTairs of
the bank, as well as its board of directors, are among the best
known and most enterprising business men of the city.
The annual report of tho Railway Share Trust & Agency
Company, Liniitod, of Ixindon, shows that tho net profitd for
the year 1S9U wore £63,255. The capital of the comimny is
It undertakes the business of trustee to loans of
£1,000,000.
approved railways, negotiates and issues loans on the London
market, acts as agent for railways and other corporations,
cither in the matter of payments of interest on loans, dividends
on or registration of stocks in London, or otherwise. The New
and
BsuipU at—
Oom.
Wluat,
rtmtr.
Oaf,
Hw.
BarUt-
BkU.IMIte BlMk.MOu|BiMll.MIbj B<MlLS>lt>' BiuA.4HUi. Bu. 6« Ih
1.008.503
lUO.MI
i.ais.inB
aoo.aes
40 921
78 WO
21.800
77,000
IIJ.400
138.050
45,500
*7S86
Ohlowo
MIlwiiakM..
DilDlh
MlnneapolU.
Vol (do
198.899
1,«4«.6I0
....
83,820
9J,B73
60,719
720
105.085
I,8l'S
87.090
81,00.1
8,600
8,6;o
18,831
80,881
1,703
174.810
351,000
48,!£0
I9.8>
.
8.U8
OI«Teluul. ..
auLonl*.....
P*arla
B.87S
80.884
«,700
2W.883
88.600
689.755
308.400
Tot.wk.W
19S.»«
a,aio.9»«
8,840,870
1,870.733
870.080
•tin* wk.'W
1S5,U>3
i,8«.^,ioe
4,708.800
1,860,087
8un«
177,417
1,002,898
l,6S4,Sia
981,818
634.606
386,878
Detroit..
.
600
,...
15
11.850
6,800
113.880
81.700
—
York office is with Mosers. Winslow, Lanier & Co., HNassauSt.
The Seattle Lake Shore & Eastern Railway has been com1880-91
7,011,058 80.975.487 69.679.501 60.781.411 85.887.710 8,897.530
pleted to a connection with the Canadian Paciflc Railroad,
:188e-90
7,808.877 111,780.481 109.818,181 50.151.704 20,409.201 4.513,91,-.
and an application has been made to the Stock Exchange to
VtK.Of, ....
B.in4.'W« 70.3;a H7a 79.50 t.RflS 51.907.025 22.017.141 14.075.51
list tlie first mortgage 6 per cent gold bonds of the company,
Tue rece pts of flc ur and g rain at the seaboa rd ports for the a limited amount of which are offered to investors by Messrs.
Edward Sweet & Co,
week ende d JIarch U. 1891, follow:
Flour
Wheal
Com,
Oatt,
Barlev
The card of the American Exchange Bank of St. LotX
Jtye,
bbl$.
buth.
buMh.
At—
bu»h.
buth.
6l»A.
appears in the Chronicle to-day. This is a growing institu»
WewYork.. .. 113,26:
LiCOO ) 331,500 367,0(
25.800
5,850 tion
its surplus Jan. 1, 1891, was $395,677, as against $91,700
Boston
41,14
..
54,80
152,521
157,733
5O0
Montreal... .. 10,9S ?
on Jan. 1, 1890; deposits Jan. 1, 1891, $1,389,789, as against
29.38 3
1,200
29,0: 3
5.4b£
FhUadelptil{k.. 14.68
80,1C 4
37,62 1
47.869
$871,010 on Jan. 1, 1890, and $445,807 Jan. 1, 1889, The Bank
Baltlmoro.. .. 40,425
42,81 5
183,046
11,0(
6,197 of New York is its New York correspondent.
Blohmond .. ..
18,42 5
9,10C
22,836
12,82 2
New Orleani .. 8,47S
43,66
140,783
9,78 5
Messrs. A. M. Kidder & Co. present in our columns to-day
wk.'8».
Knee Ava.
88,728
—
1.
—
1
;
L
1
'
!
—
1
!
Total waek.. 251.717
363,018 879,80.i
28 5,632 2,767,129
667,477 31,739 12,047
Oor. week '90. 211,677
812,233 148,323 21,086
The exports from the several seaboard ports for the week
ending Mji!rch 1-1, 1891, are shown in the annexed statement:
Mxporu
WktaU
Oom.
Bu'h
Buih.
227,322
39,246
Bblt.
83,500
187,265
45,056
110,135
7,507
46,578
339,403
692,824
240.139
2,315
552,0.';3
3.821.776
238,512!
401,666
fromr-
BfewYori
21.'i,279
Boston...
60,«18
8,396
Portland
Montreal
Pklladel.
Baltlm're
Hyc
Oall.
Buth.
1,790
80,901
43,858
Pttu.
B\uK
N.News..
so'.isi
Jn store oi—
afloat
Albany
BaSklo
482,911
40,000
6,761,831
281,109
4 20,383
4,149,613
679.350
177,577
55,000
Do aSoat.
Ctaloago
afloat..
Milwaukee....
Duluth
Toledo
Loula
buth.
910,321
23,500
46,622
156,000
28i;8S3
33,820
352i248
74,817
""in
231.390
5,727
80,000
310,723
32,571
55,623
53,285
6,000
74,477
5,(
1.50,602
105,893
308.717
109,314
31,361
114.378
378,317
373.203
5,803,701
Montreal
Philadelphia
Peoria.
Indianapolis
Kansas City
Baltimore
Minneapolis
OnMUslssippl
canal & river.
7,800
Tot. Mar. 14, '91. 22.8.59,124
7, '91.
buth.
14,143
buth.
28,6o6
26,295
153,654
120,687
82,750
'iois'co
119,091
42.300
12.000
472,142
269,082
3,573
"2,7l"5
17f',000
00
afloat
Cincinnati
Boston
Toronto
23.151,571
Tot. Mar 15, '90. 28,100,668
Tot. .Mar. 16, '89. 31,182,501
Tot .M ar. 17, '88. 36,257,717
•
buth.
369,280
29,000
Oswego
.,
Tot.Mar.
18
"9.964
118,620
302,261
83,150
45,152
31V,470
19,314
17,918
'15,548
1,021
26i",695
338
48,000
205;752
195,00
45,894
108,2.i0
9,639
51,092
213,620
116,067
180,324
8,000
72,245
101,190
29,832
72,000
23,635
95,614
37,550
26,117
40,170
23,831
a $0-9950
® .$0-9950
® $0-99
259,000 $0-99125 a> $0-991
57,8571
«
3,503,914' $0-98 '4 a $0-9950
1,204,000
month
Price paid.
2,398,057 $0-9814
377,000 .$0-993
412,000! $0-989
747,0«0
662,000
" 20
'Local purchases
25
53,808
1,22.'^,143
Detroit
Ounces
purchased.
Previously roi»orted.
•'
527
buth.
1.012,061
16,000
Hew York
On
Ounces
offered.
March 16
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, March 11, 1891:
Wheat,
Oom,
Oatt,
Rye,
Barlex,
Do
:
2,137
The visible supply of
Bt.
—
•Total in
B'me time
1(90
Do
Chronicle by Messrs. Reed & Flagg.
GoTernment Purchases of Sllrer. The Qovemmemt purchases of silver in March are shown in the following
B\uh.
Bloluii'd
Tot. week.
Do
—
stocks offered in to-day's
50O
957
20,000
35,000
R. Orl'nB.
Ilour.
a list of selected investment securitieg. Parties desiring to
purchase should give it their attention.
Attention is directed to a list of bonds and guaranteed
to date.
each week are not reported till Monday ot
week
Anction Sales.— Tlie following were recently sold at auction
by Messrs. Adrian H. Muller & Son :
'
The
local purchases of
the following
Shares.
Sliares.
1 Bank of N. Y. N. B. A. 217
2 Gallatin Nat. Bank
316
3 Leatht-r Manufacturers'
. .
,
Nat. Bank
265
2 Madison .Square Bauk ..150
1 National City Bauk
485
1 Nat. Bank of Ke,public...l90
IPheiilx Nat. Bank
136
1 Union Nat. Bank In liqnidatien
$1 50
2 Eagle Fire Co
243
2 Jcirerson Fire Ins. Co
81
Bank of Commerce. lOl^a
5 KeystoneSeal&PressCo.,
Limited, $100 each. .$8 p. sll.
200 N. Y. & Cuba Mail S8. Co.llO
17 Thurbcr-Whyland Co. 8
per cent pref
100
5 Nat.
15 Husscy Re-Heater &
Steam Plant Imp'm't Co. 5
195
21 Irving Nat. Bank
100 G'd Rapids &Ind.ER. Co. 2%
1 U. 8- Trust
Co
800
790
10 Union Trust Co
1 Chemical Nat. Bank... 4,720
32 Long Island B'k of Bklyn.146
106
1 Cent,P'kN.&E.R.ER.Co.l29
20 U. B. ClaHin Co. com
1 Christopher & Tenth St.
75 American Fire Ins. Co. ..150
RR. Co
IOC's
110
20 Western Nat. Bank
165
4 Pennsylvania RR. Co
60 atizens' Nat. Bank
101
2 Reun8.&8ar.RR.$100ea.l76ia
1 Thurber-WhylandC'o.cm.lOO
1 2d Ave. RR. Co
Ill
125 3d Nat Bk. (new st'ki.10758-%
1 3rt Atc.RR. Co
100
291
6 Albany Ins. Co
Bonds.
123d St. RR. Co
211
101 United N. J. RR. & Canal
$5,000 Chic. B. A N.RR.let5s.l02?«
228-22358 $1 ,000 City of Elizabeth, N, J.
Cos
77
3 Brooklyn Gas-LlRht Co.. 123 "a
Is. Ailju.<itment
3 Fulton Municipal Gas C0.133J3 $350 Winona & Southwestern
60
1 Metropolitan Gas-Ligbt
RR. 6 i>er cent Bond Scrip
Co. of Brooklyn
IO6I9 $25,000 Chic. & Atclf. Bridge
lN.Y.MutualGa.s-LightCo.H9
Co. 1st 30-ycar 6s, 1915.
1 Wllliamsb'gGa.vLightCo.132
July, 1891, coupons on.
94
1 N. Y. Life Ins. & Trust Co.706
(Hypothecated.)
1 N. Y. Law Institute
200
$5,000 Mutual Fire Ins. Co, of
130 N.Y. Mut. Marine Ins.Co.lOl
N.Y. 10pcrcentcortltlcates.l21>«
60 Nat. Broadway Bank.... 290^ $3,000 BklynA Brighton B'ch
10 Park Fire Ins. Co
RR. Ist 5s, 1927, March,
56
I65i8
74lfl
20 Standard Oil Trust
1891, coupons on
110 9th Nat. Bank
llOia
The following were also sold at auction elsewhere:
3 Knickeib'kcrFlrelus.Co. 98
2 Bway. & 7th Ave RR.Co.l91
.
359
1,.547
670
181,515
21,900
57,180
30,200
108,200
2,720,014 2,816,176 416,1711,863,366
2,639,250 2,874,854 392,823 2,179,310
16,696.402 4,550,884 1,554,160 1,608. 993
16,617,138 7,510,155 1,582.155 1,723,417
9,298,426 4,296,845 368,0212,030,210
Clnclonatl— Last week's stocks, this week's not received.
Shares.
DIVIDENDS.
Per
Xame of Company.
Cent.
Wfien
Payable.
Books Closed.
(Days inclusive.)
Railroad!.
Missouri Paciflc (quar.)
Northern N. II. (quar.)
N.Y. Cent. & Hudson Rlv. (quar.)
1
IH
Panama
Rome Watettown & Ogdensbiirg. 20
Trust Companies.
1
2
'
April 15 Mar. 26 to
April
1
April 15 Mar. 15 to
AprU 15
March 27
April
)
1
Mar. 21 to April 1
TV.
Dl8tlir(t& Cattle Feed'({(m'nthlr)
IvliRon (kiieral Electric (quar.).
i.qultal)le
Oas
(quar.)
...
Fultou Munic.Ott»(B'kIyn)(quar.)
Nassau Can (Brooklyn)
50c.
April
2
2
May
2«9
1^2
2.600 S.B'klyn Dock AW. Co.$500
950 S.B'klynD'kA Whse.Co.$10O
Bonds.
$5,000 42dSt.RR.lst68.1910.llO
il85,(i00S.B'klynD'kAWhse.
75
5 Nat. B'k of the Republic. 190>4
Co. 1 St (Is, M. A N.. 1 899.
14 United States Trust Co.. 812
$3,000 Hopatcong Iron Co.
750 Ohio Central RR. Co. .$400
1st 68, 1908
5_
. .
.
.
^auMng
atid Iflimucial.
Mar. 22 to
st'k
Brooklyn (qti.i r.
..„, i'I>''Ce""neou«.
20 American Fire Ins. Co...l50'3
90 RutKcr.-i Fire In.s. Co
126
35 Man. & B'drs Fire Ins. Co.lOO
1 N. Y. Law Institute
260
3 2d Ave. UR. Co
1104
1 Mar.
1 Mar.
April 15
April 15
'
April
1)
20 to Mar. 23
1
28 to May
—
—
to
to
to
&
Trask
Spencer
BANKRR8.
Non. 16 and 18 Broad Street,
8AKATOGA. N. V;
ALBANY N. Y.
Co.,
Torfc
New „ ,_
„.,
Cltf.
l'l">^''l''?^,£5-„^Ji
TRANSACT A (iKNKUVL HANKINtJ BIISINB8S.
on Commlsiljn. Hiwola.1 •tt«nUc«
snrt
All classes of Seonrttlcs
Bought
given to Inrestmeut SecurlUes.
Bostuu and ChloMEO.
Si.ld
Direct wire to
eMh
olBfle
and to PhlUdalpUfc
•IHE CHROJNlCLfci.
448
[VOL.
Ul,
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
par, selling % to }4 premium; New Orleans, commercial, 40c.
per $1,000 premium; bank, $1 00 per $1,000 premium; Charleston, buying 1-16 discount to par, selling % premium; St. Louis,
ly for dividendt and aovernmeni titver purchases see premous pane.
par Chicago, 80c. per $1,000 discount.
WA1.L, STREET, KttlDAX. MARCH !iO. 1891-3 P.M.
Situation.— The season
Governments are steady at
United States Bonds.
The Money Market and Financial
Purchases of 41^ per cent bonds by
in the commercial unchanged quotations.
is progressing without serious disasters
the Treasury, under the circular of Oct. 9, have amounted to
world and without any notable drawbacks to prosperity in the $12,345,000. The dailj; purchases are shown in the following
made about statement, kindly furni.^hed us by the Treasury Department.
raikoad situation. The best pomts that can be
from
railroad business are the remarkable growth of earnings
4 Per Genu diM 1907.
Hi Per Cents due 1891.
general traffic in 1890, in spite of the comparative failure of
roads the
Oterings. PurMes Prices poid. 0/erints- Pureh'es. Prius nUd
cereal crops, and, secondly, the fact that on some
operating expenses have been so greatly expanded for better- Mar. u...
$123,060 1123,050
41.6S0
16...
41,650
S3
ments on " maintenance of way " and other improvements
"
162,650
17...
162,650
during the past two years that they can now be reduced
4,600
18.
1,600
137.800
19...
187.300
for a while, so as to keep the net earnings up to the former
" 20...
116,200
146,200
standard. Thus the Pennsylvania Railroad in January had a
;
—
.
'•
••
.
••
gain of §170,000 in gross earnings and |141,000 in net, showing
very little increase in expenses, and its Western road, the
Pittsburg Cincinnati Chicago & St, Louis, for January and
February reports a decrease of §96,000 in gross earnings and
an increase of $61,000 in net earnings. The Chesapeake &
Ohio in January gained $35,000 in gross and «67,000 in net the
Baltimore & Ohio in February lost $32,000 in gross and gamed
$65,000 in net. Other roads, however, do not show as well
615.450
Tot&l.
The closing
616,450
prices at the N. Y.
Interest
Periods
;
3Tar.
14.
Board have been as follows
1891
Do stamp'd int. pd.
as these.
4a,
There have been concluded this week two important railroad negotiations—first, the lease of the Rome Watertown &
Ogdensburg Road by the New York Central, with a guaranty of
5 per ctnt per annum on the stock, which has been increased by the 20 per cent stock dividend just declared;
secondly, the syndicate agreement to lake the $2,800,000 of
Louisville New Albany & Chicago bonds at 70, together with
the control of the road for a limited time, provided the inspection of the property by Messrs. Thomas and Greenough is
If this settlement is carried through it will resatisfactory.
1907
coup.
Do ex-cp. to J'ly,'91
6s,
6s,
69,
63,
68,
cur'ey,'95
cur'cy,'96
cur'c.y,'97
cur'oy,'98
our'ey,'99
•Tills is
reg.
reg.
reg.
reg.
reg.
Mar.
Mar.
Mar.
Mar.
Mar,
16.
17.
18.
19.
20.
102
102
121
120
122
120
102
102
102
102
121
120
121%
120%
'122
'120
•111
1*122%
1*120%
•110
•102
*102
*121
*120
*122
Q.-Jan
*120
-111
J. & J.
114 *113
114
J. & J,
*116
'117
117
J. & J
120 *119
J. A J. 120
J. & j; 'I22I3 'I22I2 •1211a
102
102
121
120
120
122
122
12018
120
11112 111
reg. Q.-Moli. 102
4128,1891.,... coup. Q.-Mcli. •102
121
re«. Q.-Jan
43, 1907
4i«8,
•
the price bid at the morning board
;
no
'111
114 1*113
'114
>117
'117
116
119
'120
120
'I22I3 -122i2i*121i«
sate
was mala.
State and Railroad Bonds.—The sales of State bonds
" at 104, $15,000 class " B" at 108i^
included $4,000 Ala. "
@108i^, $27,000 Tenn. settl. 3s at70i^@71^^, $7,000 settl. 58 at
move from the market the uncertainty w hich pertained to the 101, $15,000 Virginia 6s def. tr. receipts, stamped, at 81^(383^.
L. N. A. & C. Co., as to its ability to handle the floating debt.
Railroad bonds have shown fair activity for dull times, but
Memberships in the various Exchanges in New York and
prices have not generally improved any. Louisville New
other cities have recently changed hands at the figures named
Albany & Chicago consols have been an exception, and on the
below in comparision with the prices paid in March, 1890
new deal advanced quickly to 96 on Thursday, closing to-day
EXCHANGE MEMBERSHIPS.
Atchison incomes have been among the leading
at 93.
bonds, advancing on good buying to 44J^ on Tuesday and
Mar.,
Mar.,
£xchavge.
1891.
1890.
closing at 4 1;^, against 40% last week; the 1st mortgage 4s
responded but slightly to the improvement. The incomes had
$16,000
$20,000
290 apparently been over-sold and better representations as to the
225
New York Consolidated Stock & PetroleumExcli.
950 Atchison earnings and prospects led to a change in sentiment.
790
550
625 Reading incomes are still at low prices and Richmond & W. P.
485
650
70 in considerable amounts are
1,150
1,200 Terminal 5s, after selling at
New York Real Estate Exch. & Auction Room.
Chesa17,000
12,500 back to 63, and seem to have no inside support.
Boston Stock Exchange
Philadelnhla Stock Exchange
2,550
peake & Ohio consolidated 5s sold freely, at prices a
1,050
Chicago Stock Kxcliange
trifle easier in spite of the excellent net earnings of tlie road.
1,150
Chicago Board ol Trade
Northern PaciHc consolidated 5s are dealt in steadily at 83!^The open market rates for call loans during the week on 84. Texas Paoific 2d incomes are not very active, and the
stock and bond collaterals have ranged from 2 to 4 p. c, the report having been issued this week they close at 30, against
average being 3 p. c.
To-day rates on call were 2 to 2% 311^ last Friday. Pittsburg & Western 4s have sold freely,
Prime commercial paper is quoted at 5(351^ p. c.
p. c.
and close at 80 asked, the road being now in the Baltimore
The Bank of England weekly statement on Thursday showed Ohio system.
an increase in specie of £154,000, and the percentage of reserve
to liabilities was 38'18, against 38'59 last week; the discouQt
Railroad and Miscellaneous Stocks.— At the close of the
rate remains unchanged at 3 per cent. The Bank of France market on Friday last the anthracite coal road stocks had just
shows an increase of 3,200,000 francs in gold and 3,875,000 declined sharply in consequence of the luter-State Commerce
francs in silver.
decision in the Coxe case against Lehigh Valley. Under the
The New York Clearing House banks in their statement of lead of Lackawanna these stocks recovered, however, and it is
March 14 showed a decrease in the reserve held of $1,523,000, said that the effect of the decision will not be as serious as at
and a surplus over the required reserve of $9,793,575, against first supposed. The princii)al talk of the week has been in re$10,880,975 the previous ween.
fard to the gold shipments and the refusal of the Treasury to
urnish gold bars, or large coins exclusively, for exiwrt this
was made much of for market purposes but the general sen1891.
Different sfrom
1890.
18S9.
Mar. 14.
Pren. week.
Mar. 15.
Mar. 16.
timent was in favor of the action taken.
The Atchison bonds and stocks were active and strong for a
later and the
Capital
60,572,700
60,;862,700
60,762,700 time on Boston support, but weakened again
Surplus
63,237,900
57,,868,600 53,142,100
stock closes at 25/^. Ontario & Western became active and
Loaos and disc'ts 404,153,300 Dee. 670,400 404,,682,100 420.406,000 advanced on the talk of possible New York Central alliances
Circulation
3,527,900 Inc
4,400
3 ,519,700
4,283.200
Net deposits
1410.730,900 Dec. 1,742,400 410i,454,000 442,684,900 or control since the lease of Rome Watertown & Ogdensburg.
Specie
77,655,700 Dec. 912,100, 78 ,470,3001 83,417,500 Burlington & Quincy and St. Paul have been active throughLegal tenders.... 34,820,600 Dec. 610,9001 25,,194,OU0 35,324,600
out the week, more or less, and though selling off from the
Reserve held
112,476,300 Dec. 1,523,000 103 ,664,300 118,742,100 highest they have vitality enough as leading stocks of old
Legal reserve.... ;102,682,725 Deo. 435,600 102 ,613,5001 1)0,671,225
and well-managed Northwestern roads to recover after
Northern
depression that comes from over-selling.
Borplns reserve.! 9.793,575 Dec.l.087,40ol
1,050, 800;
8,070,875 each
Pacific pref. has weakened slightly under bear reports sent
Foreign Exchange.— On a moderate business rate of sterling around to tlie press, and other influences in the same direction.
exchange have been very strong and bills scarce. The ship- Richmond & West Point Terminal stock and collateral 5s are
ments of gold coin on Wednesday were $1,000,000 and engage- rather weak, apparently without inside support. Reading
inents for to-morrow are $1,625,000. Actual rates are:
Bankers stock sells at 29}^, while the 3rd incomes are at 26.
86k'@4 86i^; demand, 4 88^(34 89
The unlisted department has not shown special activity ex'^hL'^tmi.lfsiU^
cept in Comstock Tunnel, which jumped up to 37 on conPosted rates of leading bankers are as follows:
siderable sales at both Exchanges. The company has paid
all back coupons and advertises that it will apply about $90,March 20.
Sixty Days.
000 to the purchase of its bonds, now selling aliout 40 the
Demand.
capital stock is $4,000,000 in shares of $2 each par value. The
Prime bankers' sterling bills on London.
4 37
4 891a
American Cotton Oil is stronger on reports of a better condiPrime commercial
_^ 4 85
a>i S514
Documentary commercial
...'. 4 84ia(i4
tion of the company's affairs and the common closes at 31.
84%
Parts hankers (trancs)
18i4®5 17i>8'5 1508a5"l5
5
Sugar is steady and closes at 75, against 75J4 last week.
Amsterdam (guilders) bankers
4OI49 40J,„| 40'4»40B,„
" Lead has sold fairly and closes at 18, against 19. Silver bulFrankfort or Br»men (reicfamark8)b'nkers 953ga
951a' Obime
lion certificates at 99i^, against 99^8 last Friday.
A
&
:
;
;
'.'..
March
IHK CHRONICLR
91, i891.J
NEW YORK STOCK EXl^MXSiiE— ACTIVE STOCKS
March
RR.
AottTe
Hloeka.
&
•4>a
Atluiitli'
Pactflo
Ciiuiullaii Pnoltlc
76>a
Ct'Utral
vot
<U)
do
Do
Do
*
Chlca^to
cert.
l»t pref. ...
2d pref
.V
O.,
tr.
Chicatro BurlluRton
ii
& Qiilncy.
EnHtvrn lIHiioU
Do
pref.
St. Paul.
pref.
60
77
50
78
46%
*90»a
91>s
91'9
Ofe
27»H
fl'«
77
117
115%
•29
2914 •28%
18
18
17%
51 >s 52
52
31%
301a 31
124
127 •124 127
•10
•10
12
12
78 1« 80
79>4
78%
46% *46ia 471s 46%
2B
•10
Clilp. Si Atl., belief, tr. r<>o
Chicago
aoTfl
6"4
7e»9
5014
50i«
11558
2914
1814
.52%
3214
127
12
Do
18
M%
'30
124
•10
32%
80%
78% 79%
46% 46%
91% »1% •89% 80%
5S% 50i« 55 14 56
27%
1!756
Phiiu. A Read., vot. trust, cert
Pittsburg Cinn. Chic. & St. L
Do
pref.
„, ^
Richmond&WostP'tTenuinal
Do
pref
Elo Grande Western
Do
pref.
„
Bomew atertown & Ogdensb'g
St. Louis Alton & T. H.. pref!
St. L. Ark
St. Lou. <k
St. Paul
Do
A
Tex., trust rec.
1st pref
pref.
Paul Minn. A Manitoba
Southern Paclflc Co
Texas A Paclflc
Toledo Ann Arbor A N. Mich
Toledo A Ohio Central
St.
„
Dnion
.
Union
Wabash
,^ J?" A Lake
Wheeling
Do
„.
Wisconsin Central Co
iniNcellaiieouK Slocks.
American Cotton Oil Co....
Do
pref.
Iron
Con.solidated (ja.s Co
Distilling A tattle Feed'gCo.
EdlMoii General Electric
Ijvelede Gas (St. Louisj
National Cordage Co., pref...
.National Lead Tnist
North Anuriean Co
OreL'on
Improvement Co
PaiiHc .Vlail
Line Certificates §
Pullman Palaoo Cor Co
SUver Bullion Ceriiflcates.
Tennessee Coal A Iron
PllM.
Do
H esterii Union
'
These
ai e
.
.
pref.
Telegrnpfi
the prices bid
72%
72
•35
51
17%
73
•35
125
35
•80
37
I714
90% 90%
107
31
31 13
•35
60
•80
87%
45%
23
9%
231s
•918
10
1818
18%
18ie
18%
31%
31'8
70'9
70-b'
31%
70%
31'8
7116
*47
76'«
SS's'
44i«i
39i8j
*95
96
60
90
31's
71%
19% 19%
71
22
46% 46%
76
77%
49
8513
43>4
38»9
•35
•80
31%
•21% 22
75%
31%
14% 14%
17% 18%
•9% 10
18% 18%
19
2114
109
45% 46%
23% 23%
45% 46
23
27
^47
86%
44%
39% 39%
95% 95%|
86
44
22
49
75% 77%
86% Sa\
43% 44%
39
39
03% 96%
•25
•89
107
6%
6%
•50
15
60
•93
96
•6
7
25
103
•20% 21%
•91
'75
....
81
104% 104%
•3% 4
•8%
9
•11% 12%
•20% 22
66% 67
41
41%
•92
96
102% 103
13% 13%
•65% 60%
•27
18% 18%
"50 -a
.V2
34%
34'8
233
233
17% 17%
8%
8%
•32
33
14% 14%
52% 52%
27
'27%
70% 71%
19
74
•24%
15
52
•9% 11
•b9
•107
87
108
106
60
38
•0
10
18% ^17% 18%
31%
3-2%
71
71%
19% 19%
21% 21% 21
46
46
74% 75%
86
86
43% 43%
37
38%
^95
96
•55
•23
92
80
4518'
45
45
105
I
18
•38
•80
81
and asked; no
'85
90
80%
sale
811"
46
made
'9!>
90
81% 81%l
i
Prices
•SS
81
90
81%
Jan. IS
Jan. 14
Mar.
Mar.
77% Jan.
58% Mar.
94 Jan.
24% Mar.
129% Mar.
6
10
29
7
72% Jan. 14
27
Jan. 14
11
84% Feb.
65% Jan.
08
20 29
31
»
2
6
7
19
Jan.
Jan.
139% Feb.
140% Feb.
20% Jan.
63% Jan.
8% Jan.
66 Jan.
13
12
7
0'
13
14
14
14
19%Jun. 14
Jan. 7
4.50 111% Fob.
5 115
87% .Mar. 17
2,650 72 Jan.
500 90 Mar. 9 103% Jan. 14
'.;
6% Jan.
250 20
1,665
1.450
5,815
Jan.
13
100 23 J^n.
400 55% Jan.
73
134%
5,417 100
120
9%
i
9%
260, 65
100' 24
60
24%
85
100
2,900 23
90
108
1'25
37%
3%
I61
70
16
26%
89
2 111
51
161
31%
61 Jan. I81 61
81% Jan. 12 88
41.176, 41% Jan. 26' 48%
2,342 21 Jan. 2 24%
60
Feb. 5
Feb. 28
134% Mar. 20
6 122% Jan. 3
26 12% Jan. 14
5
Jan. 16
Feb. »
Mar. 16
Feb.
6
Mar. 16
12%
10 16% Jan. 14
16%JaD. 2I 20% Jan. 13
3.800
1,380
18
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Mar.
Jan. 13
I
87
I
8%
2,075
2,600
1,620
1,310
16%
29%
67%
18
U
Mar. 10
Jan. 2 21
Jan. 26 35%
Jan. 2| 74%
Jan. 2 23%
Feb. 16
Jan.
Jan.
J"n.
Jan.
Jan.
Jan.
Jan.
14
14
14
14
12
14
46
21
•45
436 15% Jan.
357 33% Jan.
21
46
2'
2|
14
22% Feb. 21
49% Mar. 4
78% Feb. 10
24,035 57% Jan. 171
1.983 85 Feb. 27 96 Jan. 14
42%1 28,215 34 Jan. 2 47% Jan. 19
37
6,250 33 J«n. 2 39% Mar. 18
36
221 94% Jan. 24 98% Feb. 7
95% 96%l
45
X42% 43%' 3,050 41% Fob. ie| 49 Jan. 13
105
104% 104% 1,110 88 Jan. 8,111 Feb. 5
15% 15
15
1,066 15 Jan. 3 20%J»n. 20
101% 103
810 101 Feb. 8 107% Mar. 3
103
18% 18
18% 8.270 17% Jan. 21 21% Jan. 17
17% 17
17% 9,399 11% Jan. 2| 19% Feb. 13
449 15% Jan. 7| 29% Feb. 13
26
24% 24%
45
t
63%
.'Vf
43% 44%
22
22%
8% 9%
17% 17%
32
32%
71
71%
19% 19%
74% 75
86% 86%
4I5^
I
90
67%
Jan.
I
21%
74% 75%
86
86
42% 43%
86% 37%
96
96%
I
'85
81
60%
118% Mar. 16
105% Jan.
102% Mar. 9 108% Jan. 14
130 Mar. 18 138% Jan. 13
340
0%Mar.
200 52
ar. 1
350 15 Mar. 19
7
60
29% 29%
13% 13%
45% 45
45
43%
105%ri04 105% 104% 104% 103
103% 104
•13
15% IS-u *16
15% •15%
1«
17
16
IO214 1021s 102 102%! 102 102% '102 102% '101%
ISSf, 18%
18% 18%l 18'a 19% 18% 18% 18%
17% 17% 17%
18
17% 18
18%i 17% 18%
•25
25
25
25 26
25% 25%l •25% '26
36% 37%, 36% 36% 36% 36% 35%
37
37%,
•37's 38'v
73
78
72% 73
71
73%1 73% 74
73
73% 73
191
194
190% 192
192 192
191
1901s IBOis 190 193
99% 99%
99>4 99'*
99% 99% 98% 99%' 98% 98% 99
•35% 36% 36
•35% .'<6
36
34%
35% 36
•341s 36
I
45
10
10
6
7% Jan. 14
10
3 24% Feb. 5
Mar. 20 15% Feb. 5
54% Mar. 6 59% Feb. 11
106% Jan. 2 113% Feb. 9
"87
91 Feb. 9
90
377 86 Jan.
79% Jan. 14
72% 73% 35,165 71% Mar.
•22
27 Jan. 15
25
1,752 18
Mar.
106% Feb. i
102% 103% 3,453 97 Jan.
24% Jan. 4
50 19% Jan.
20% 20%
96 Feb. 3
•91
70 90% .Mar.
•75
81
73 Feb. 19 93 Jan. 15
104% 104%
550 100 Feb. 18 111 Jan. 14
' ^3%
600
4
3% Mar. 18 6% Jan. 10
710
Mar. 18 12% Jan. 14
8
8% 8%
•11% 12%
300 11% Mar. 14 14 Jan. 12
359 19% Mar. 6 24 Feb. 7
22
22
66% 66% 12,277 60% Jan. 2 68% Feb. «
40% 41% 10,400 26 Jan. 2 43% Mar. 17
•92
96
93 Jan. 21 95 Jan. «
•101
2,186 100% .Tan. 22 104% Fei. 3
102
600 11% Jan. 2 14% Feb. 10
13% 13%
70 Jan. 29
•65
200 57 Jan.
66%
31% Feb. 10
400 23 Jan.
27% 27%
21% Jan. 14
18% 18% 2,416 17% Mar.
54% Feb. 10
•50% 52
640 48% Jan.
41% Jan. 15
33% 34% 16,730 32 Mar.
'225
110 {233 Mar. 19 271 Feb. 3
235
17% 17% 41,704 15% Jan. 2 18% Mar. 17
965
7% Jan. 6 11% Feb. 17
8% 8%
31% 31% 1,300 28% Jan. 6 40% Feb. 18
•14
100 13% Mar. 12 16% Jan. 14
15
254 52% Mar. 19 57% Jan. 14
•32% 53%
26% 26% 9,815 21% Jan. 2 30 Jan. 14
69% 70% 27,513 63% Jan. 2 74 Jan. 30
•16% 18
200 15% Mar. 11 19% Jan. 17
•16
14 Jar. 2 18 Feb. 7
19
635 65 Mar. 9 82 Jan. 12
x70
70%
•22
23% 1.228 19 Jan. 5 24% Mar. 1»
•18% 19
635 14% Jan. 7 20% Feb. 18
28% 29% 15,3651 28% Mar. 10 34% Jan. 8
'14
15% Jan. 14
15
900 12% Jan.
55 Jan. 13
•50
1,083 48 Jan.
52
19% Feb. 7
17% 17% 15,882 16 Jan.
76% Feb. 10
•71% 73
1,220 67% Jan.
9%
60
24% 24%
i
125
3,410
94
24% 25%
•72
132
125
45% 45%
23% 23%
18
93
36% •34% 35%
73
131
87%
44% 45%
22% 23
31% 32%
71
71
19% 19%
7,956
7
9
3«
49% Jan. 20
92
22
•6
87% 87%
73% 73%
•22
'103
•35
I
1.561
27,961
26
86
14% 13
13%
56% 56% 55% 56%
109% 110% 109% 109%
29% 30%
14
14%
18% 18%
10
66%
•93
•14
30% 30%
14% 14%
18% 19
9
133
96
7
20% 20% •19% 20
•35
•37% 60
•80
87%
103%
146,095
2,595
10,235
59% 50%
45
13
11
93% Jan. 14
75% Mar.
950 41% Jan.
420 83 Jan.
•14% 16%
117% 117% 115 117
86% 86% 86% 86%
72
131
125
59
27
92
109
136,855
15
17% 17%
72
72%
125
^9%
54%
109%
132% 132%
678
133% 134
17 17% 133% 133% 82,663 131 Jan.
•16% 17%
90(1
16% Mar.
58
58% 58% 58% 1.11
56% Mar.
18% 18%
29% 29%
•9% 11
•25
•23
•78
59% 60%
•93
94%
'25% 25%
•14
•50
72
59
26
85
23%
130% 131
•9% 11
13% 141s
17% 17%
60
90
•70
•23
"78
If
37
12
46
46
73
17% 18
•72% 73%
35% 33%
57% 57%
11
60
26
89
110
3014
51
18 '4
73
37
72
131
125
....
•flia
•53
60
26
23
93
89
109ia*107
19
„
A
1814
21>4
Am. Sugar Ref.Co.,temp.ctf8.
Do
pref., temp. ctfs.
ChlcagoGasCo
Colorado Coal
"'
52 14
17''8
31
127
77% 78%
78''9
•ie'
52
50
18%
....
88
107
19
73
•51
50
11
73
23% 23%
•19
19%
29% 30
16
'125
•9%
•16
19% 19%
30
30
30
13% 14% "14% 15% •14
118
•9
pref.
74
23% 24
19% 19%
71 ^8 l\7g
72
131
13012 133
•22
vret.
19
73
37
72
123
45
Erie
•16
291a
70% 72
•a4ia
•71
I7I4
A Gulf
19
75
23 "4
•221a
3018
151a
29% 30%
13% 13%
pref.
Pacific
Pacific Denver
18
•55
•23
San Fran.,
A Duluth
Do
2918
•131s
•48
27% 27% 27% 27%
71% 72% 71% 71%
17% '16% 17% •16
18
7218
"16
•72
30
124
•10
31
127
80%
54% 55% 53%
113 1131, 112% 113
IIIT9 112% 109%
104% 105% 104 105
103% 104
103%
ISO
130 132
180
130
66% 67% 66% 67% 66% 67
65%
27% 27%
7li8
•I714
34% Mar. 10 82%Jaa
600
4% Mar. 19 " Jan.
1,100 72% Jan. 6
Feb.
3,185 4H
Mar. 7 52% Feb.
1,071 106 Jan. 20 119% Feb.
100 20 Feb. 24 81 Jan.
876 16 Mar. 6 10% Feb.
2,150 44 Jan. 2 64% Feb.
1,700 29 Jan. 2 34% Feb.
127 Feb. 11 130 Jan.
34,090
18%
51% 51%
12
78
In 1891.
High out.
Loireat.
20.
•17
471s
.
Do
714 72
pref
Ohio & Mississipr i
17
17
•16
Ohio Southern ....
19
Oregon R'y & Navigation Co! '73
74
Oregon sh. Line & Utah North 22'8 22^8
Peoria Decatur & Evansville,
19^ \9H
80%
'124
*10
m^
Northern Paclflc
March
17% 17%
•51
52%
127
12
ISOl.
Week,
Prldsr,
S
18
52
I,
Buifs of ••tol
Of th«
Thandar,
March ID.
86% 26% 25% 26%
4% 4% •4% 6%
76% 7e»i, 76
76%
0014 50%
49% 50
49% 49%
US 115 114% 115 •113% 114%
•28% 29^ •28% 29% •28% 29%
S
JAN.
tince
aalM
26^ 37
em
.
and
76I4 77
55 la 561a
84<>B 55%
113>4 1131.2
ll'^Oglia
104ie 10419 104
1051a
Chicago & Northwestern
135 135
Do
pref.
66 '8 67 "'9
66
673b
Chicago Roclc Island & Paclflc.
•23
•23
•22
24
24
26
26
Chicago St. Paul Minn. <& Om •22
•78
•77
•78
85
88
•771a 81
85
Do
pref.
60>9 61 1«
60% 60>a 60%
60% 60%
Clevc. Clncln. Chic. & St L.
94i«
•93
94
•93% 94%
94>9 •93
95
Do
pref.
27 14
26% 27k 26
26
Columbus Ilocklntf Val. & Tol. 26% 27 >4 27
'ISO's 135
1331a 133>s 13414 13414! 133% 133%
Delaware A Hudson
13419 I35i« 138% 134%
Delawaie Lac ka wanna &We8t 133 13158 I3314 135
•1714 18
1758 I8I4
17 •« 171a
17% 17%
Denver & Kio Grande .
59'8
59
59>4 5914
59
58% 58%
Do
591s
pref.
*6ia
eTg
7
6^8
•0»a
61a
61a
7
East Tennessee Va. & Ga
•45
52
52
•50
00
60
60
Do
1st pref. •55
I6I4 I6I4 •151a l«ia •15% 16%
*15»a 16»4
Do
2d pref.
114 115
115
113 113
116 116
115
Evansville * Terre Haute. .
85
86
85
87
85
87
87% 87
Great Northern, pref
'94
•94
95
95
941a 941a
95
96
lUluois Central
•6I4
'6
•6
6% *6
7
7
7
Iowa Central
•19
»19
*19ia 22
20
20
21
21
Do
pref
13=8 13%
14
i35e 1308
14% 14% 14%
Lake Erie & Western
56% 56% 56% 567fl 56
56%
Do
pref. •55^ 56Js
Lake Shore <& Mich. Southern. 109% 110% 11018 llOis 110 JOia 109% 1 10%
•87
90
87>4 87»s •87
9()
Sa
Long Island..
88%
73% 7166 74% 75
73% 74% 73% 74%
Louisville & Nashville
211, 23
22
\Q^ 19J« •19
24
Loulsv. New Alb. & Chicago..
25
105 104% 105M 104% 104%
1041a
Manhattan Klevatcd,con801.. 103 "a 104
•20
•20
21
Mexican Central
21% •20% 20%
•91
•9OI3 93
93
91
Michigan Central
93%
•901s
•75
•75
•75
81
80
81
81
Milwaukee Lake 8h. A West.. *75
105
104% 1041s 104
104 104
06
Do
pref. 105
•3''8
4
4%
Minneapolis <fe St. Jx>ui8
41s
4
3% 4
•3''s
gi*
•8
•8
9
9
10
Do
8
8%
pref.
Ilia im. •III3 I2I2 •11% 12%
12
12
Mo. K.& Tex., ex 2dm. bends.
•20
21
21
21
21% 21% 21
22
Do
pref.
66% 661a 68
67% 68
67
Missouri Paclflc
67%
4058 43%
4214 43'8
40
41
Mobile & Ohio
40'a
42%
•92
•92
•92
96
95
96
96
Nashv.Chattanooifa&Ht.I.onis •92
New York Central A- Hiid.sou. 1 0218 103 "s 102 IO214 102 102 101 103
•13% 14
13% 13%
New York Chic. & 8t. Loius
13% 13% •I318 14
66I4 66% •04
Do
66% •65% 66%
651s •65
1st pref
Do
•281a 29% •28% 29% •28% 29%
285b 29
2d pref.
I914
New York Lake Erie & Wesfn •18=8 18''b 19
18% 18'8 18% 18'8
52
52
51
51
52
Do
511a 52
pref. •50
New Y'ork & New England
34=8 34'8
34% 35% 3479 35'e 34% 35%
New York New Ha v. & Hart. •225 240 ;238 238 '230 240 230 240
New Y'ork Ontario «fe Western "I6I4 I6I3 161a 16% 17
18% 17% 18
New York Susquehan. & West •8
8% 8%
8% 8%
bH
8% 81a
•32
Do
32% 32% 33% 32% 33% 32% 32%
pref
•14
•14
15
15
Norfolk c& Western
14% •14
14% "14
•52% 53%
Do
54
53% •53
pref. •52% 531s •53
Chicago Milwaukee A
'JO,
nuoe
Wedneadsr,
March 18.
17.
8 'a
•4llg
76'g
17% 18
bOH 51
30% 30%
124
Alton
27%
2614
BI4
llSii •115
114
29
I'ai'lllo
Cliesiipcukc
March
1^\
49% 50
Cnuiula S(«iillii>rn
Central of Ni'W Jersey
Tuewlar,
Harcli lO.
14.
2S% 26
& Santa Fo
Atchlndii Top.
HondMr.
Saturday,
MAHVII
for week emtiiig
HiaHBST AifD LOWB8T
STOCKS.
449
•85
HI
from both Exohaagas.
•85
90
81% x79%
:
Ex
5,730 31%
172,000 71
432 184
99% 912.000 96%
84%| 1,120 32%
80
90
79%' 8,129 76
36%
72%
193
rights.
I
x
Ex
Jan. 26, 41% Feb.
Feb.
Jan. a| 81
Jan. 5 196% Jan.
21 107% Jan.
Feb.
Jan. 3 89% Jan.
Jan. 6 86 Jan.
Jan. 2' 82% Feb.
dividend.
26
10
14
16
14
14
THE
450
CHRONICJLE.
[Vor. LII.
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Sales
^p" Sliare Prices — not Per Centam Prices.
&
Atch. T.
8.
Fe
Saturday,
March
*4i3
"
100
(BaltJ. 100
"
1st preferred
51s
88
100
"
100
2d preferred
Bo8ton& Albany (Boston) 100 200
200
176
.
Boston & Lowell
Boston & Maine
100 176
100 207
18%
100
100 *36
100 77^8
"
"
"
Central of Mass.
Preferred
"
"
Cliic.Bur.& Quin.
OWo. Mil. & St. P. (Pha.).lOO
Cliic. &\V. Mich. (BoatonJ. 100
.
1 i.
25% 26
(Bostoti). 100
& Pac.
Baltimore & Ohio
Atlantic
'•
Cin.San.&Clevc.
50
"
Cleve. & Canton
100
"
Preferred
100
Eastern
(Bosion).lOO
"
Fitchl)urg pref.
100
"
Fl. & Pere Marq.
100
"
Preferred
100
Hunt. & Br. Top. (PhOa ; 50
"
Preferred
50
.
18%
Tuesday,
Monday
March
2618
5
*85
16.
27%
5
....
44
.
Bost.
& Montana
"
14%
'257
260
•54
55
47I2 47I2
*47ia 48
"19
46I3
*50
37
83
I8I4
8312
21
43I3
49%
21
4312
491?
7II4
166
5118
29
72
167
51'4
29
14ilie 15
Prices of
&
March
Charlotte
Boston* Providence
Camden &Atanticpf.
20.
"
(Ball.).
50
50
50
50
50
"
Charl. Col. & Augusta
100
Cheshire preferred.. (Boston). 100
Connecticut & Pass.
Connecticut Eiver...
"
100
"
100
Delaware & Bound Br.(P;tUo.).100
.
,
^1
On
listed.
5
1991s
41% 41%
14
15
260
54
260
54
»47is
47%
84
18
*75
5112
51 14
168
*2S% 29%
29
4512
46I4
•28
I514 141318 15i
199
200
41% 42
14% 147(
260
*54
*47ia
*47ia
14%
6I4
45% 45%
229
229
229
199%
41%
14% 14%
I99I4
4II4
16914
4II4
259
60
14
260
*54
47% 47%
461a
51
51
*50
I8I4
18i«
18%
17% 17%
4414 45 19
2512 25ie
2158 21=8
4478
45%
25% 25%
51
Ask.
2158
X Ex
21%
167
168
Jan.
Jan.
Jan.
168
Mar.
17
165
18
76
Mar.
Mar.
Jan.
Mar,
"675 17% Jan.
43 14 Mar.
48% Mar.
755
1,481
14
230
6%
51
44
8I4
8%
199% 199
41 14
14
41%
14
260
60
445^
230
'
8I4
199%
42
14
260% 260%
Mar. 10
21
52%
50
17%
17% 17%
3,731
44^8
7
3
4658 Jan.
Mar. 18
46I4 Mar. 20
50 Jan. 3
12% Jan. 2
57 Jan. 2
18
61
41i4Mar. 10
25 Feb. 5
21 Mar. 13
492
1,086
6
Jan. 14
14
10
7
12
12
Jan.
Feb.
Jan.
Feb.
55 Feb.
49 Jan.
50 Jan.
24 Jan.
48% Feb.
52 Jan.
19% Feb.
89% Feb.
49 Jan.
26 Jan.
23% Feb.
14
26
14
Jan. 29 220
Jan. il 4414
Jan. 2 17
Jan. 3 263
45% Jan.
2,361
43% 43%
25% 25% 2514 25%
2II4 21% •21
21%
46%
5
Jan.
Feb.
Jan.
Jan.
Jan.
Feb.
Feb.
32
50 49i4Jan. 27
50
44
Jau.
28
175
33
916
139
51
*50
1753
Mar.
50%
1414 Mar. 10 173in
4% Feh. 5 658
1,914 42 Jan. 26 48I4
126 225 Jan. 5 230
159
7% Jan. 2 9
49
18
48
18%
46% 46%
45
6358 Jan.
20,268
•48
18
461^
48
18
24%
65% Jan.
21% Jan.
901 tl84
699 3914
2,628 1314
81 246
5
12
19
2
13
14
9
4158 Jan. 15
116i4Jan. 15
66I4 Feb. 6
2958 Jan. 13
74 Feb. 10
168 Jan. 6
102% Mar.
300
45%
Jan.
19% Mar.
32% Mar.
175 105
12
12
12
20
17
20
20i4Jan. 15
169 Jan. 15
85% Jan. 5
25 Feb. 10
85 Feb. 13
23 Feb. 10
46% Jan. 9
201 51
Feb. 3
13 146 Feb. 11
Mar.
148
114
2914
147ial4Il,
30
Jan.
Jan.
Jan.
23% Jan.
B Mar.
2,472
•28%
Mar.
75^8 Mar.
Jan.
15,121
51% 51%
47% 47%
44%
25% 25%
21% 216e
51
18
43%
48% 49
4314
4914
8I4
"47% 48
18
18%
46% 46%
18% 19
2134
'
*4478
8%
'8H
26012 259
•54
60
48
48
18
21%
51% 51%
511-,
151n
81s
84
Jan.
Jan.
Jan.
130% Jan.
113% Jan.
205 Jan.
183% Feb.
209% Feb.
20% Jan.
40 Feb.
93% Jan.
57% Jan.
51 Jan.
24 Jan.
7 Jan.
6
93%
Mar.
21,650 61
394 41
20% 20%
3414 34%
20%
29
81a
18%
85
127
113
67 192
98 173
204 198
52 16%
92 34%
9
491
Highest.
32%
4% Mar.
405
140
35^8
•166%
22914
84
18
•75
84
...
...
...
24% Mar.
145
46I3
51
5
11
9
27
14
7
9
10
9
17
10
31
5
1
tE-x rights.
dlvid end.
Bid.
Inactive stocks.
Ask.
Bid.
Bonds.
Ask.
1919, Var 112
65
Tliom.Europ.E.WeldT[ (Boston) 100
1913, J&D
108
"
314
3% CoUat. Tr. 4% g
Water Power
100
78. ..1906, J&D 120%
"
I214 Pa. &N. Y. Canal,
93
94
Westinghouse Elec.H
50 t 12
1939, A&O
ConsoL5s
250
Bonds.— Boston.
7658 76% Perkiomen, 1st ser., 59. 1918, Q— t
101%
At.Top.&8.F.100-yr.4g.,1989, J&J
8% 100-year income 5 g., 1989.Sept. 4158 4178 Pnlla.&Erie gen. M. 5g.,1920, A&O II2I4
99 14
1920, A&O
Gen. mort., 4 g
58% Burl. & Mo. Elver Exempt 6s, J&J 113 114
79 14 79%
Phila & Bead, new 4 g., 1958, J&J
55
Non-exempt 68
1918, J&J H05
48% 49
Ist pref. income, 5 g, 1958, Feb 1
49%
Plain 4s
1910, J&JI 187
32
33
2d pref. income, 5 g, 1958, Feb. 1
IB
25
Chic. Burl.& Nor. Ist5,1926, A&O! 100%
3d pref. income, 5 g, 1958. Feb. 1 25%
2d mort. 6s
1918, J&D 100% 101
1893, A&O 109% 110
2d, 7s
Debenture 6s
101
1896, J&D 100
1911, J&D 1
Consol. mort. 78
215
Chic.Burl.&Qiiincy4s..l922,F&Al 87
88
1911, J&D 116%
Consol. mort. 6 g
170
Iowa Division 48
1919, A&o! 90
92
"77'
92
ImprovementM. 6 g., 1897, A&O 1105%
Chlc.& W.Mich, gen. 56, 1921, J&D
94
60
Con.M.,5 g,,stamped,1922,M&Ni 101% 102
Consol. of Vermont, 5s. 1913, J&J 189
Phil. Wilm. & Bait. 49 . 191 7, A&O
40
Current Eiver, 1st, 5s. .1927, A&O
"
30
Det. Lans. &Nor'n M. 7s. 1907, J&J 108
Pitts. C. & St. L., 7s.... 1900, F&A 114%
Po'keepsie Bridge, 6 g.l936, F&Alf 43% 45
67
E astern 1st mort. 6 g., 1 906, M&S 121
Schuyl.E.E.8ide,lst5 g.l935, J&D 104%
I ree.Elk. &M. V.,1 st, 68.1933, A&O
8tcuben.&Iud.,lstin.,58.1914,J&J 105
Unstamped 1st, 68
1933, A&O tin 116
66I4 K.C. C.& Spring., lst,5g.,1925,A&0
1894, A&O 106
95 100
UnitedN. J.,6g
53
K. C. F. S. & M. con. 68, 1928, M&N 106%
Warren & Frank., lst,7s,1896,F&A 107%
K.C. Mem. & Bir.,lst,5s,1927,M&S
90
Baltimore.—Jif««'» 19-'
Bonds.—
82i<l K.C. Sfc Jo. & C. B., 78. 1907, J&J
'si'
Atlanta & Charl., l8t7s, 1907, J&J 119%
1900, A&O
L. Eock & Ft. 8., 1st, 7s
96
Income 6s
1905, J&J
Louis.,Ev.&St.L.,lst,6g.l926,A&O:5l06
108% Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conn., 5 g...l925, F&A
2m., 2—6 g
1936, A&O
5
Mar. H. & Ont., 68
Staten Island, 2d, 5 g.l926, J&J
1925, A&O
Bal.&OhioS.W.,lst,4%g.l990,J&J
Exten. 6s
94%
62%
1923, J&D 100%
125'
Mexican Central, 4 e... 1911, J&J 72
72% CapeF.&Yad.,Ber.A.,6g.l916, J&D 103% 104%
1916, J&D 101% 103
Ist consol. incomes, 3 g,non-cum.
Series B.,6g
36
103 14
1916. J&D 101
82
2d consol. incomes, 3s, non-cum.
19
20% Series C, 6 g
1930, M&S
84% 85 N. Y. & N.Eng,, Ist, 7e, 1905, J&J 120
Cent. Ohio, 4% g
56
let mort. 6s
1905,J&J
115% Charl. CoL&Aug. l8t78.1895, J&J 103 109
40
2d mort. 6s
103
Ga. Car. & Nor. 1 st 5 g. . 1929, J&J 102 102%
1902, F&A
14
1900, J&J
114
2d mort., scaled, 5s, ..1902, F&A
North. Cent. 68
105
107
Ogden. & L. C, Con. 6S.1920.A&O tl04
1904, J&J
117
6s
Inc. 6s
1926, J&J 108%
Series A, 5s
1920 tlO
,
19% 19%l Eutland, Ist, 6s
1925, A&O 104
4%9
1902,
2d, 5s
104
Oxf.&Clark.,lut.gu.,6 g.l937,M&N tlOl
1898, F&A
Har.Ports.Mt.Jov&L.
"
50
Kan. CVFt.S.&Mem. (Boston). 100
"
K.C'yFt.S. &Gulfpf.
100
K. City Mem. ifeBirm.
"
100
Little Schuylkill
(Phila.). 50
Manchester & Law.. (Boston). 100
Maryland Central
(Bait.) 50
Mine Hill & 8. Haven (Phila.). 50
KesQuehoningVaL...
"
50
Northern N H
(Boston) 100
North Pennsylvania. .(2'Ai7a.). 50
Parkersburg
(Bait.) 50
Pennsylvania &N.W. (Phila.) 50
Ealeigh & Gaston ....
(Ba«.) 1 00
Eutland...
(Boston). 100
Preferred
100
Seaboard & Roanoke. (Bait.) 100
l8t prefeiTuxl
••
100
West End
.(Boston)
50
Preferred
"
50
West Jersey
(Phila.)
50
w«8t Jersey & Allan.
"
50
Western Maryland..
(Bait.)
50
WUm. Col. & Augusta
"
100
Wilmingt'u&Weldon
"
lOO
Wisconsin Central... (Boston) 100
Preferred
"
100
Worc'st.Kash.&Roch.
"
100
MISCELLANEOUS.
AUonez Mining
(Boston). 25
278
Atlantic Mining^
"
25
15
City Passenger BR... (Bait.) 25
Bay State Gas
(Bostoti). 50
2514
••
Boston Land
10
578
Centennial Mining...
"
10 15%
Fort Wayne Electrlcll
"
I2I4
25
Franklin Mining
"
25
14%
Frenchm'n'sBayL'nd
"
5
5%
"•
Huron Mining
25
Dlinois Steel IT
"
loo 07
Kcarsarge Mining
"
25
111*
Morris Canal guar. 4. (PhiJa.) 100 i....
Preferred guar. 10
'•
100 tl95
Osceola Mining
35I4
(Bostoti) . 25
Pcwabic Mining
"
25
9
Pullman Palace Car..
"
i(K) 190
"
Suincy Mining
25 98
aniarack Mining
"
25 145
Tlioms'iiElcc.WF'/t'gll
"
100
.
8I2
85
Lowest.
30,771
19% 2014 4,677
33% 3414 3,780
103
580
106% 107% 107% 107%
65%
65%
2714 27% '27% 27I4
26% 27
5,038
71% 71ii 70^8 7II4 6958 70% 10,420
277e
7216
229
37
Shares,
Penna. Consol. 5s, r
"
"
2d preferred
Central Ohio
198
230
461s
Bid.
(Phila.).
Ist preferred
8%
21
21%
no sale was made.
(Bait.). 100
(Bos/OTi). 100
Catawissa
229
45%
4612
2519
49^8
16634
5114
36
77% 78I4
53% 54%
41% 41%
41% 42
21% 21% *2i%
*43% 44% *43%
49% 49% 49
43 13 44
71%
55>4
*18
*75
23
•
4514
48
19
251a
84
83ii
271a
78%
54^8
•514 ...
•5% ...
18% *17% 18% *17% 18%
'140
140
2112
20%
21
2058 21
35%
35
3556
3478 35%
108
IO714 108
107 1071?
65 '
65%.
27% 27%
36% 37
78
56
41
19
"514
*17ia
*76
21
491a
37
7312
I8I2
8313
h
2OOI4 20014 20014
175 177
176
5514
t41
140
46ia
43 H
18
*36
*5i4
18
88
113%
78% 8014
55% 56%
44% 45
23
....
48
19
4418
5
176
20
17% 17%
Inactive Stocks.
Atlanta
41I5
1478
411s
2.5
Butte & Boston..
"
25
Calumet & Hecla
"
25
Canton Co
(BaltJ.lOO
"
Consolidated Gas
100
Erie Telephone (Boston). 100
Lamson Store Ser. "
50
lehi'h Coal&Nav 'Phit.^ 60
N.Eng. Telephone {B'ist'n)100
North American. (Phil.). 100
Sugar ReflneriesTI (Bost'n)lOO
XhomBon-H'nEl.lF "
25
"
Preferred
25
it
West End Land.. _ "
• * Bid and aslced prices
'458
5
20712 207 208
207
19
18% 18% 18
177
177
2O8I2 2O8I2 208I2
*18
19
19
36 3712
37
.
.
458
26%
177
"75
44
514
20.
25^8
26% 26%
177
»18i4
5I2
50 48^8 49I4
Mauie Central (Boston). 100
"
Mexican Central
100 20% 20%
"
H. Y. & N. Eng.
100 34% 34%
"
Preferred....
100 10612 10712
66
ITorthem Central (Bali.). 50
Korthern Paciflc (Phila.). 100 27% 27I2
"
Preferred
100 71^8 72
I67I4
Old Colony
(Boston) 100 167
51I4
Pennsylvania-. (Phila.). 50
51
"
30
Philadel. & Erie.
50 *28
"
Phila. &Eeading
50 145f,14il)lf
Summit Branch (Boston) 50
'•
Union Pacific
100 44% 4514
traltedCo8.ofN.J.rP*«a.;i00 '229 230
*8i8
8I2
WosternN. Y.&ParPAWd. J 100
iniscellaiienus Stocks.
Bell Telephone (Boston). 100 198 200
*4%
514
84
Week,
Friday,
March
207%
176
5
•2OI2
27
19.
200
5I2
17i«
83
23
261-i
27I2
26^8
*i
Thursday,
March
20OI4
4512
S3
18.
200
4512
17%
March
II312
2OOI4 2OOI4 200 200
43
5
Wednesday,
88
78% 80
5513 56%
17
17.
*80
88
371s
7914
5558
43
March
88
207I2 208
5413
"
Lehigh VaUey
Range of sales in 1891.
of the
Active'Stocks.
H Indicates vLnlisted.
,
.
.
.
,
M&N
3
15%
81
26
16
12%
15
1%
I
Piedm.&Cum,,lst, 5g.l9il,
Bonds,— Philadel iHia.,
Allegheny Val.,7 3 10s, 1896, J&J
IO914
Atlantic City 1st 58, g., 1919,M&N
Belvidere Del., Ist, 68.. 1902, J&D
Catawissa, M., 78
1900, F&A 113
Char. Cin.&Chic.l8t5g, 1947, Q—
Clearfield & JetT., Istj 6s. 1927, J&J, 118
Connecting, 6s
1900-04, M&sl
Del. & B'd Br'k, Ist, 7s.l905,F&A i
Easton&Am. l8tM.,5s.l920,M&N| 111%
Elmir. &Wilm., Ist, 69.1910, J&J. 118%
105%
Hunt. & Br'dTop,Cou.58.'95,A&Ol IO214
69
Lehigh Nav. 4%s
109
1914, Q— J t
11%
2d 6b, gold
1897, J&D 111% 112
80
General mort. 4%s, g.l924,Q—F
101%
Lehigh Valley, 1st 68. .1898, J &D 114
35% 2d78
1910,M&6
133
Consol. 6
1923, J&D
130
192"' jNorthPenn.
Ist, 78.... 1896, M&N 113
115
Gen. M. 78
1903, J&J 125
Pennsylvania gen. 68, r..l910, Var 128% 130
Consol. 68, c.
.1905. Var 118
120
And accrued InteiestA \ Last price this week.
.
!
F&A
& Connclls. I8t7s.l898, J&J
Virginia Mid., 1st 6s. ..1906, M&S
1911 M&S
2d Series, 68
1916, M&S
3d Scries, 6s
1921, M&S
4th Series, 3-4-5s
1926, M&S
5th Scries, 5s
West Va, C. & P. Ist, 6 g.l911, J&J
West'n N.C. Consol. 6 g.l914, J&J
Wilm. Col. & Aug., 68.. 1910, J&D
'101%
t
11314:11353
Pitts.
116
t
107
80
100
108
101
109
118% 11831
MISCELLANEOUS.
118
Baltimore— (3ity Hall68. 1900, Q—
1900. Q—
118
Funding 6s
West IMaryl'd BE. 6s. .1902, J&J 119% 120
Water 5s
Funding 58
Exchange 3%s
Chesapeake Gas, 6s
Consol. Gas, 63
5s
1916, M&N
1916,
1930. J&J
1900, J&D
1910, J&D
1939, J&J
1913, A&O
M&N
Equitable Gas, 6a
Virginia (State) 38, new.1932.
J&J
125%
103 14
106% 106%,
II2I4
108
64
99
109
Makcb
THE CHRONICLE.
31. 1891.]
NEW YORK STOCK EXCHANGE PRICES
lOlfW'itf
'In(fr'it\ I'rUe
\Ptriod.ilur.'10
BaILHOAD AKD MiaCBL. BONDS
(OottUnntiy.- AOTIVE
Ranf
(Kit ft)
Loutft.
^f^
1
80 1.
461
BONDS MAROH M, ASD 3IN0E JAX.
BAOJMAO AMD MI8CIU
BOXD*. InUa'tt
HiffhfH.
I'rlrr
1,
lt»l
Bang* (»aU») <» 1801.
\Otfafiio
\
—
i
LowtM.
\ririml. Uar.'iO
Htgktit.
|
77 «8
Mar. 80 Jan.
N.Y. Ccutrnl— £xtond.,5a.l803M A N IOJ^hI,. 101% Jan,
41'9
383^ Mar.
53 Jan.
Ist, oouimii,78
1003J A J 12ft b. I26i( Mar. '1207, Mar.
11 Mar.
14 Jan.
O«l)en.,5a,ooup.. t884..1004|M AH- 10ll>aa. 106
Mar. 110 Jan.
* J 7l'>»b. 71 Mar. 75 Jan. N. Y, A Harlem—7a, reg. .. 1000 M A N 122 h. 121isKel>. 22 « Mar.
1091% Jan. llZUJan.
Brookl'ii Klpviit'rt l8t,6,K.1924 A A O lU
N. Y, Chio, A8t.L.-4K...I9»7 A
03%
01 Jan.
OftisJaa.
Can. South.— UtBuar.,5ii 1008 J & J ior> b. lUS Jan. 107>« Kul).
N, Y. Elevated— 7a
1906 J A Jll2i«b.'lll Jan, 1124 Jan.
1018 M & 8 9«i..b. OSiiJan. 100 Feb.
2il,
N,Y. Lirk. A W.— lat,6e..l021J A J 130 b. 127% Jan. 132 Jan.
117 b. 115 Jan. 1 17 Mar.
Cell t nil of N. J.— Cou8. 78 1 899 y—
CoiwtrucMon, B«
1023 F A A|l08>ab.il0H Feb. iGMiaFali.
lOOa M<fc N 1-Ja b. 121 Jan. 123 Mar. N.Y.L.E.AW.— lat,con„7g,1020M A HI34
Consol., 78
133 .fan. 1.(7% Fob.
J <Se J 110i4b. 107 Jan. 110% Feb.
Genornl mortgairis S it. 1087
Long Dock, 7a
1893|j A I> lOU^b.'lon Jan, 107 Fob,
110 b, 110 Feb. 113 Jan.
Uih.,&\V.B.,cou.,.8,a8'd.l000 Q—
1035:A A O,110>4b. 115 Jan. IIH Feb.
ConsoL.Og
06 >9
OS's Mar. 07 Feb.
1912
tlo.
lOOolJ A D' 00
mortKHifti, 58
2daonaol.,Hg
96!>i)Jan. 101% Feb.
110 Mar. 115 Feb.
Am. Dock & Imp, 5».... 1021 J A J lOe b, \oa\ Har. 108'iiJan. N, Y, Ont. AW,—lat, 6g..l914 H A Bill
i St 3 109 b, 112!^ Jan. 112% Mar.
Ceiitrnl ra<iac-aold,C8..1808
Conaol. l8t,5|r
lOSOJ A O' 96ig
02%Jan. »7i«Fel».
116 Jan. 117 Jan.
~"
CUe.H. & Ohio— Mort, tt g..l911 A & O
N YJhu.AW.—latrcf.,5g.l037!J A J 00
94 Jan. 100i4Feb.
05>9 Jan. loo's Feb.
& NilOO
1039
l8tioiisol.,6R
Mldlaildot M.J., 6g....l01olA A Oll5>ab.'l]2 Jan, llftiaFe*.
K.JiA. Dlv., l8tcon..4g.l080 J & J
Wort A W.— 100-year, 5 g. lOOO'J A j! OSHib.' 03 Jan. lOOigFeb.
A j! G9%b. 07 Jan. 71 "a Feb. North. Pae.— iBt, coup., Gg, 1921 'J A J 115% 113 Jan. 110% Feb,
do l8t con., 2-lg. 1089
A J'Tl b. 68 Jan. 73 Feb.
General, 2d, coup G g..I933 A A O 11313b. Hole Jan
do
2dcon., 4«...1080
114 Feb.
& A'lOS b 104 Jan. 10718 Jan.
1011
Ches. O. A 8o. W.— Uk
General, 3d. coup., G g..l037'J A D 100%
1071a Jan. ll3«4FelK
121 Hi Jan. 123 Jan.
A J 121
ClHo. Burl. &Q.-Cou.,78.1903
Consol. mort 5 g
1089J A D 83%
82 Jan.
85% Jan.
08)4 Jan. lOO's Jan.
09
Di'bonlure, os
1018
Konh. Fac, AMon.— Iig...l938 M A 8105130. 104 Jan. 109 Feb.
88 Feb.
05 Jan.
A A 38
1022
Ui'uvcr Dlvisiou. 48
North. Pac. Tcr. Co.— Gg..l933 J A J '108 b. 105 Jan. llOdifJan.
86i«a. 85 Hi Mar.
88% Jan. Ohio AMlsa.— Cons. 8.r.,7s. 1898! J A J lll%a. lllSgFeb. 112 Feb.
Nobraskn Extcu.HioD, 48. 1927
A D IU>4b. 113 Jan. 114% Feb.
1898IJ A J
Chli\ & E. 111.— I8t,8.f.,68.1907
Conaol,, 7r
lim Jan. 111% Jan
124 a. 120 Jan. 121 Jan.
A ()
1934
Cou«)l.,«g
OUoeonthom- iBt, 6 g...l02l!J A D 110
103>g Jan. [110 Mar.
A N 06 a. 95 Jan. 981a Jan.
Goucral fonsol. Isti58..1037
Oeneral mort., 4 g
192l'H A N 59%
65 Jm.
63 Feb.
A J 87i«b. 83 H) Jan. 80 Jan. Omaba A 8t. Loids— 4 g ..103? J A J 57 b. 53 Jar. 68i«Jan.
Chte. (ia.< I-.
l8t,5g.l937
A J 122 b. 20 Jan. 1251a Feb. Oregonlmp. Co.— 1st, 6g.l910lJ A D 90 b. 00 Jan. 103 »s Feb.
Cliii'. Mil. A- St, P.— Con. 78. 1905
_
A J 110«8 110 Jan. 112 Jan.
1st, BoutliWfSt Dlv., 68.1000
Consol., 5g
1030 A A O 67%
67 Mar. 74 Feb.
A J 111 b. 110 Jan. 114 Feb. Ore,K.ANar,Co,— l8t,6g.lOOO!J ADil07 b. IO713 Jan, :1091a Feb.
Ist.Ho. Min. Dlv., 68.. ..1010
104 Jan. 1061a Jan.
ConsoL.Sg
l8t,C'b.<kl'ao W.Dlv., 58.1021! J & J 105
1025'J A jl 04 a. 92 Jan, 1100% Mar.
Mar. 08 Jan.
Pa, Co. liflg., coupon
Ohio. AMo.Riv.Dlv., 58.1926iJ A J 94 b. 95
1021 J A J lOSka. 10516 Jon, llOG Jan.
Wis. & Minn. Dlv., 5 g..l921|J A J:10Oisb. 101 Jan. 103 Jan.
Peo. Dec.AEvansv.- Gg..l920 M A 8 104 b. 100 Jan. 1031a Mar.
1014, J A J '100 1). 100 Mar. 102% Jan,
EvansvUle Dlv ,6 g.... 1920 M A N 101 a. 95 J^r. 103 Feb.
Terminal, 5 g
87 Feb.
71ia
2dmort,5g
72>9 Mar.
66 Jan.
Gcu. M., 4 ft., 8cri08 A. 1989| J A J I* 85 b. 8476 Jan.
110
80 Feb.
Mlhv.ANorth.-M.L.,68.1010|J A D ,,,^ b. 107% Jan. 112 Feb. FeoriaA£a8t.—Cons., 48.1040 April. 77 b. 751s Jan,
^
1013 J & D|H2, ''• 107 Jan. HI Feb,
Income. 48
1090 J A J 18 b. 18 Jan,
22 Jan.
l8t, con., 68
136% Feb. 1301a Jan. Fhlla. A Read.—Oen., 4 g. 1058 Feb.
78.-191.') Q-F \\^'l\
78 lab. 77''8 M»r. 82 Feb.
Chlo.&N.W.— Consol.,
4-jia
47 19 Mar. 58 Jan.
1958 Feb.
1002iJ & D Jr?, !'• 125 Jan. 127% Feb.
1st pref. income. 5 g
Coupon, p>kl, 78
1020;A & O llojab. 115 Fob.
15 Feb.
2d preMncomo, 5 g
SlHib. 32
1958 Feb.
Mar. 381s Jan.
einkini? fund, Gs
1020 A & O|107'2l). 105 Jan. IO8I4 Feb.
3d pref. income. 5 g
1958 J A J 26
30 Jan.
Sinking fund, .'is
251a Mar.
loeiaJan. 109 Feb.
& N|
PlttsburgA Western— tg.lOlT J A J 80 a. 761a Jar.
81 Feb.
Sinking funiidcben.,58.1933;M
Klch ADauv.— Con., 6g..l015lA A O 118 a. 115 Jan. 118 Jan.
25-vcar debenture, 5... .lOOOjM & N 105\b. 10412 Jan. 1051s Feb.
1926,F ii. Aj 04i2b. 06 Feb. 100 Jan,
Consol., 5g
OliflJan.
193C F A A,'87isb. 871a Feb.
Extension, 48
Blcli,AW.P.rcr.-Triist,6g.l897
A 8 97
07 Feb. lOOig Jan.
aiic.Peo. ASt.Louls— 5g-1028M & S Ob b. 97 "a Jan. 100 la Jan,
e8i« .Mar.
Con. let A coLtra8t,5 g.1014 J A J 60
75 Fob.
Chle.R.l.A-Pac—G8.coup.l017|J A J| k^2 b. 124 Jan. I2714 Feb.
05 14 Mar. 091a Jan.
Rio O. Western— l8t, 4 g..l030 A A 0[ 75
74 Jan.
77% Feb.
Extension and col., 58... 1934 J & J, 2'' "a
b. 100
Feb. 101 .Var.
105 Jan. 114 Mar.
K. W. A Ogd.—Con., 58. ...1022 M A N114
Clilc. St.L.&Pitt.-Cou.,5g.l032|A & O|101
116 Jan. 119 Jan,
02 19 Jan.
Bt. Jo, A Gr, Island—6 g..l925 J A Ji 82iab. 82% Mar.
Chic. St. P. M. A O.— 68.... 1030 J <fe D 110
St. L. Alt, A T. H.— l8t, 78.1894 F A Ai*lOO b. 110
Jan. 110 Jan.
Cleveland A Canton— 5g..l917iJ & J|^,86»2b. 87>a Jan.
901a Feb.
Jan. 132 i'cb.
105 b., 104 la Feb, 107 Jan.
2d pref., 7s
1894
C. C. C. A I.-Consol., 7 g.l914 J & d!132 a. 120
8t.L. Ark. ATex.— l8t,63, t'st, rec
7014b, 78% Jan.
1934 J A Jil21 b. 117 Jan. 119 Mar
82 Feb.
General consol., 6 g
17 14 Mar.
2d,6s. 1936, tr,rec.,allas8,i>d.>F A A 18
21 Jan.
1900 F A A lOaiflb. 102 Jan. 106 Jan.
Col. Coal A Iron— 6 g
71 Jan.
105 Jan.
St. L. AlronMt— l8t78...1892iM A N 102 b.'lOlia Feb.
Col. Midland— Con., 4 g...l940 F A A eo^sa. G6% Mar.
80»9
80 Mar. 86 Jan.
2d, 7b
1897!J A J,108iaa.'105 Jan. 108 19 Mar.
Col.II.Val.ATol.-Con.,5g.l031
85%
84 Jan.
87 Feb.
CairoArk. ATcxas, 7g..l807lJ A D:105iab.llO3% Jan. 100 Feb.
Gcnonil, « g
1 904 J A D
118 b. 116 Jan. 1191a Feb.
Gen. R'y A landgr., 5g..l931IA A Oi 02'3b.l OliaJan.
93% Jan.
Denver A Rio G.— let, 7 g.lOOO
83 Feb.
8t.L. ASanFr.— Sg.,Cl.A.iyOG!MAN* 11114b. 110
Jan. 1 10 Jan.
Ist consol., 4 g
1036 J A J 8258b. 79 Jan,
6g.,Cla88B
IOO61MANII2
111!
Jan. II214 Feb.
061a Feb,
Dct. B. City A .\lpena— 6 g. 1013 J A J 94 a. 91 Jan.
32 14 Feb.
6g.,Cla8SC
1006 M A N 111 b.'lll Jan. Ill's Jan.
Det..Mac.AM.— r.'dgrants.lOll A A O 30 b. 291s Jan.
General mort., 6 g
1031 J A J 104 b. 107 Is Feb. 110 Jan.
Dnl. A Iron Range— Ss.... 1937 A A O 90 b. 05 Jan. 100 Jan,
95 Jan. 99 Feb, 8.F.M.AM.— Dak. Ex., 6g.l010M A N,117 a.lll5 Jar. 118 Jan.
Dul. So. Sh. A Atl.— 5 g. ... 1037 J A J 06 13
IStconsoL, 6g
A N lOl^a. 101 Jan. 104 Jan.
1933 J A JlH4 b. 1141a Jan. 117 Feb.
E.Teun.V. AG.— Con.,5g.l056
do
reduced to 4 lag... J A J 100 b. 102 Feb, 1021a Feb.
Knoxvlllo A Ohio, 6 g...l025 J A J*,108i-2a. 103i4Jan. 108 14 Feb.
Montana Extension, 4 g.l937l J A D 85 %b, 80 Jan.
90 Jan. 95 Jan,
87 Jan.
Eliz. Lex. ABlgSau.— 6g.l002M A Sl 9338
73
74 Feb.
62 Jan,
FtW. ADenv. City—6g..l921 J A Dl04 b. 99T8 Jan. 105 Jan. SanA. AAran.P.— l8t,6g.l91G'J A
73 19 Feb.
OS^a
9313 Jan.
Ist, 6 g
73
94% Mar.
62 Jan.
Gal.U.ASanAn.-W.Div.lst,5g.lM
1026 J
•125 b. 126% Jar. 132 Feb,
nan. ASt. Jos.- Cons., 68.1011M A 8 HO b. ll3>3Mar. 117 Jan, Shen. Val.-let, 7 g., tr. rec. 1909
6II4 Jan.
"52 b.
Geu'l 6 g., Tr. rec. aas't'd. 192
HGHi Jan.
Jan.
minois Central- 4 g
1952 A A 0,'97i2a. 96 Feb.
105i«b, 103 Jan. 107
Jan. 115 Jan, jSo.Car.- let, 6 g.,ex coup. 1920
Feb.
Int. AGt. No.— l8t, Ug....l9I9M A N 113 b. Ill
67 "sb 72 Jan,
Income, 6s
25 Feb.
76 Jan.
13 Jan,
Couiiou, 6 g., trust rec. 1909
1031
211a
So. Pac., Ariz.— 6 g
84 Jan.
Iowa Central— 1 St, 5 g
1909-10 J A J 10 1 lab. IOII9 Feb, 10314 Jan.
1938 J A D 8014 b. 80% Feb,
Bo.Paclllc,,Cal.-<ig....l905-12(A A O 112
112 Jan, 114 Mar.
Kentucky Central—4 g
821a Jan,
1987 J A J 81 a. 781a Jan.
1st, consol., gold, 5 g
08 Mar. 100'4 Jan.
Kincs Co. El.— Ist, 5 g....l025 J A J 98
1938 A A O '100 b. 00 Jan, 101 Jan.
80. PacWc, N. M.— 6 g
77 Mar. 821a Jan.
Laclede Gas— Ist, 5 g
A -J,*102 b. 102 14 Jar. 10319 Jan.
1019 Q-F 78
1911IJ
Lake Erie A West.- 5 g
A J 100 Ha. 1051a Jan. lOO'e Jan. renn.C. I. ARy.—Teu,D.,l8t,6g A A O;'90 b. 86 Jan. 94 Jan.
1 037 J
0619 Jan.
Blrm. Div.. 6g
L. Shore— Con. cp., Ist, 78.1000 J A J*122 a. 1201a Jan 122% Jan.
1917iJ A J| 95 a. 03 Jan,
80^8 Jan.
2000 J A D 87
Consol. coup., 2d, 78
_ D*122 b. 122 Mar. 124 Jan. Tex. A Pac— Ist, 5 g
1003 J A —
851a Jan.
35 14 Jan.
2d, Income, 5 g
2014 Mar,
2000(March,! 30
Longlsl'd— ist, con., 5g..l031 Q—J lloiab 110% Jan. 1151a Mar.
Tola, A. AN. M.— 6 g.... I924IM AN*96iao, 03 Jan, 09 19 Feb.
90 Jan. 921a Jan.
General mortgage, 4 g.. 1038 J A D! 92
Tol.A. A. AGr.Tr.- 6g....l92llJ A J1IO8 -' 104 Jan, 107 Feb.
LouLs. A Nash.— Cons., 78.1808'A A O 115 b, 113 Jan. 115% Mar.
Tol. A Ohio Cent.— 5 g
1030IJ A JillS b 114 Jan, 118 Feb.
1935 J A Jl 1061a il02%Jan. IO719 Jan.
N.O. A Mob, Ist, 6 g
77 Jan.
ToL Peo. A West.—4 g
1917 J A Jl 73 1). 74 Jan,
do.
2d,6g
1030 J A J 107 a. i06i4Mar. 108 Feb.
01 Jan.
E. H. A N. 1st, 6 g
lOlOJ A D HS^b. IIIJ3 Mar. 1121a Jan. Tol. St. L. A Kan.
6 g.. 1916 J A D'86 a. 83% Jan.
Union Pacltic—6 g
I1313 |ll3 Feb. 1131a Jan.
J A J *113 b.|113% Jan. 114%Mar.
General,6g
103O'J A D
1899
Slnkinirfuud. Ss
1803|M A S:i07 b. 107 Mar. 111% Feb.
N 103 a.! 101 Jan. 1031a Feb,
Collateral trust, 5 g
1031
72 Jan.
Collat. trust 41a
72 a, 69 Feb,
Mar, 111 Jan.
1918'M
Louis. N.A. A Cb.— Ist, 68.1010 J A J 106 b.,101
KansasPaoillo— lat, 6g..l895 F A A 109 a. 100 Mar. 111 Jan.
Con.sol.,6 g
84 Mar, 96 Mar.
1016 A A O 02
l8t,6g
I....
82 a. 78 Jan,
88 Jan.
A D|
--1890 J
Louis. 8t. L. ATcras—6 g.l917 P A a;
DonvcrDiv.— 6 g
1890 M A Nllll b. Ill Jan. 1111* Mar.
Metro. Elevated- Ist, 6g.l908 J A J114iab. lllOsJan 115 Feb.
l8tcou3ol.,eg
110 b. 108 Jan. 111 Feb.
106 b. 104 Jan. !l07 Feb.
1010 M
2d,G8
1809,
Oregon Short Line—6 g..l022 F A All04
100 Mar. 106>t Jan.
Midi. Cent.— l8t, con., 78.. 1902 M A N 123ia 122 Jan il23ia Jan,
b. 107
108 Feb,
Or.S.L.AUt'hN.—Con.5g.l919.\ A O' 75ifl
73 Mar. 80% Feb.
Mar.
Consol., 5a
1902
A N,*107
82 Jan.
U.P.l^en.AGulf con. 5g.l939 J A D,'80 a. 73 Jan.
MU.LakeSh.AW.— lst,6g.l92lM A N 125 b. 118% Jan. [12514 Mar.
101 'e Jan.
Dnlon Elevated— 6 g
N 108 19b, 106 Jan. 109>aJaD.
1937 M A
Exteu. A Imp., 5 g
1929 F A A; 98%b. 98 Jan.
Jan.
86<«b. 81
89>s Feb.
76=8
M. K. AT.— let 48, g
74% Jan. 7018 Feb. VirglniuMld.— Gen. iu.,5s, 1936 .M
199o'J
do
stamped guar. M A N' 80 b. 83 Jan. 90 Feb.
441s Jan.
2d Is, g
1990 F A A| 3914
361a Jan.
100%
98 Jan, 102 Feb.
1039
Mo. Pacific- iBt, con., 6 g.l920,M A NlOO b. 105 14 Jan. Ill Mar. Waliash— l8t,5g
70 Feb.
771a Jan.
2d mortgage, 5 g
1939. F A A 72%
3d, 78
...leoelMA N1113 b. 115 Jan. 115 Jan.
Bebent. M. series B
1 939 J
A J 30i«b, 30 Feb. 35 Jan.
97 Fob, 100 Jan.
Pac. of Mo.— I8t,ex.,4g.l038 F A aI 08
la Mar.
Jan. 103 Jan.
West Shore—Guar., 4.^
23G1 J A J 101% 100
2dmort.,78
I8OI1J A JilOliab. OOifl Jan, 101
West N. Y. A Pa.-l8t, 5 g. 1937 J A
00 b. 06 Jan. 101 FcU
Mobile AOhlo— New, 6g..l027lj A D 114''8b.|112 Jan. 115% Fob.
35 Tg Feb.
70 Feb.
Sdmort,3g,,58C
32 b. 301a Jan.
1927 A A
63 Jan.
General mortgage, 48. ..1038 M A Sj 60I4
99 lab, 98 Jan. 100 Feb.
MutualUuionTel.— 6g....l011 M A N 104 a.l02 Jan, 10518 Feb. Weat Un. Tel.—Col. tr.,5s. 1938 J A
Mar. 97 Jan.
Wis. Cent Co.— lat. 5 g
94 a. 93%
1937|J A
Nash. Ch. ASt.L.— Ist, 78.1013;j A J|125i4b.;l25 Jan, 1261a Jan.
45 Jan.
Income. 5 g
1937'
397ga 34i«Jan.
Con.. 6 g
1028 A A O* lOQiab. IO5I3 Jan. 107i« Mar.
NOT£— "b" iudiuaies price bid: " a" price atlced the Range is made up from actual sales only. ' Late^it price tills week.
AtTiip.&S.F.— lCl»-yr.,4g.l089
1080
lOO-year Inooino, 5 (f
Atl. .k Piir— W.U. luo., 68.1010
(iiiaiiiiili'cd, 4 n
1087 J
7.'5
1
AO
|
,->.(
.
,
.
IAN
I
I
H
,
,
AN
AN
I
AC—
I
i
—
1926AAO
. .
"
M
1
I
I
MAS
MAM
M
AN
,
6m
MAS
I
..
C—
MA
AN
I
1
MAN
AN
M
AD
AN
.MAN
I
,
I
I
1
1
1
I
I
;
NEW YORK STOCK EXCHANGE rmCEH.—STATE BONDS MARCH
SECURITIES.
Alabama— Class A, 4
1906
Class B, 5s
1906
Class C, 48
1006
Currency funding 4s
1920
Arkansas— 68,fund. Hoi. 1899-1900
do. Non-Holford
78, Arkansas Central RR
Louisiana— 7a, cons
1014
Stamped 48
MiSBOOTi— Fund
1894-1805
to
5
SECURITIES.
Bid,
Ask.
103
lom New York—6e, loan old
107%
05
104
7
130
4
105
00
104
1081* North Carollna—G«,
Funding
102
New
1081s
bonds,
J,
Chatham BR
15
10
92
act
;
I
A
Bid.
JAJ
,_
Special Uvx, Class 1.
1910
Consolidated 48
1010
6s
Rhode Island— 68, con.. 1803-1894
South Carolina— 6a, non-fnnd.1988
30
10
20
4
4
97
124
103
8k
SECURITIES.
Aak.
Bid.
(cont)—Brown oon8ol.6a.l893
1892-18»8|
Tenneaaee-6s. old.
1893 102
1000
J. ...1892 1808
90.
S.C,
Com] tomlae, 3-4-5 Os
65
75
1013 1021a
loa
1013
1913 76% 71
1012'
New settlement, 6a
Sa
3a
Virginia—6a, old
127
60. oonaolidated bonds
6a, eoDMUdated, 3d aerle^reet^
«•, deferred, fit rec'ts. (tamped
4«i
7
7
90
Aak.
oei« 102
50
00
ao
8
"«
THE CHRONICLE.
462
[Vol. LIl.
GENERAL QUOTATIONS OP STOCKS AND BONDS.
represent tlie per cent value, whatever the p ir in-iy be; other quotationB are traqueitlv .natle par saare.
" s;." tor i;.)Ul; " g'd," far g-iaraateaJ; " end.," tor eddoraed:
he tollowlriK abbreviations are often used, viz.: "M." for niwisisr^; g,,' for land grant.
" conv." for convertible " s. f .," tor slntiuK sund " 1.
or consol dated!
cities, to late mail dates.
QuoWtlOTis iii New York are to Tnursday from other
?notations in New York
;
'OOttg.,'
;
;
Subscribers \rlU confer a favor br givias notice of any error discovered In these (^notations.
DHITED STATES BONDS.
Bid.
UNITED STATES BONDS.
reg..Q—
102
coup.. q-M 102
121
reK-.Q->>
122
coup.. .0—
J&J 111
reg
reg....J&J 114
J&J 117
reg
reg....J&J 120
J&J 122i«
reg
4'«B,1891
4>*B, 1891
4b, 1907
is, 1907
6», Currency,
68, Currency,
6e, Currency,
6s, Currency,
6s, Currency,
STATE
—
1895
1896
1897
1898
1899
1920
Arkan.— 68,fund.,'99.Boltord.J&J
J&J
6e, fuud, non-Holford
7b, L. K. *Ft.8.i88ue,1900.A & O
7b, Memphis & L. R., 1899-A & O
7b,L. R.P.B.<feN.O.,1900.A&O
78,Ml8B.O. & R.Rlv.,1900.A & O
7b, Ark. Central RB., 1900. A & O
<!oimectlc't-New,rg.,3'ss,1903.J&J
New, reg. or coup., 3s, 1910
Dlst.Col.— Coni|.3-e58,1924,cp.FAA
Conv.
Fund. loan(Leg.)6e,g., 1902Var
Market stock, 78, 1892
Water stock, 7s, 1901
do
78,1903
Florida—Consol. gold 68
J & J 5110
Georgia—
J&J 114
4»s8, 1915
3i«8, 1917 to 1936
J&J
Indiana— Tem'y loan .fss, 1895... 100
Eefonding, SVs, 1895
100
State House, 3148, 1895
100
Temporary loan. 3s, 1899
98
Temporary int. loan, as, 18P4 ..
9d
Temiiorary int. loan, 3s, 1892...
98
Temporary int. loan, 3*, 1893.
98
School fund refunding, 36, 1909.
116
92
100 k
J&J
Ka8«aohU8ett8-58,gold, 1891. .A&O
68, gold, 1894
J&J
IO314
S-65S, 1899
M&8
02i«
IO7I2
J&J
War loan, 68, 1894
J &J
War loan, 68, 1905
J&J
Hew York— Ss. gold, 1893.... A&O
No.Carolina— 6s,old, 1886-'98.J&J
68 N. C. RR., 1883-5
JA J
68
do
7 coupons off ...A&O
6e,fniidingactof 1866 1900.J&J
6b, new bonds, 1892-8
J&J
RK
68, Chatham
68, special tax,cla88 1,1898-9A&0
Trust certificates. . .
48, new, cons , 1909
J
J
A&O
&
A&O
68,1919
lom
100 14
105
109
Minnesota— Adj. 4ifl8, 1912. 10-30.
Missouri- i8yi'morUnlv'ty,'92.J&J
Fund. 6s, 1894-95
J&J
Funding Sij, 5-2Ca, 1906-8 ..J&J
ew Hamjislure— 5s,1892
129
10
20
4
4
4
7
7
7
96% 98
124
127
48,reg., 1912
F& A 117
Bhode Isl'd— 68,1893-4, coup. J &J 103
South Carolina— 6s,Non-fun(t,1888
4%
Brown consols, 6s, 1893 ... J*
97 101
Blue consols, 4IS8, 1928
J&J
lenneseee— 68, unfunded
J&J 65
Oompromlee, 3-4-5-6s, 1912. .J&J
75
Settlement, 68, 1913
JaJ 102>s 107
Settlement, .5s, 1913
J&J 99 102
Settlement, 3s, 1913
J&J 70% 71H
Jraxaa— 7e, gold, 1904
135
j&J
Virginia— 6s, old, 1886-'95...J & J
6b, new bonds, 1866
J & J
6s, consols, 1905. ez-coup
43
J&J 40
68, consol., 2d series
J4J
68, deferred bouaa
8»»
Do
trust receipts
'.
Taz-rec'vable coups., from cons'ls
Do
from 10-40s.
fjOwSsCRlddleberger), 1932. J &J
10-408,op.& reg.,3to5,1919.J&J
Uonsol. coupon, new
_,
.
"J"
66
40
non-fundable".'.
.
Wa8hington-3is8. 5-15
yeiirs
*^)'*",?;„^-Y-'5«-l915-1919.M&N
48, 1920 to 1930
Im&n
Allegheny, Pa.—8s,ep., '87-97. Var.
coup., ] 885-1901
Var.
,fj«8,
U Allegheny Co.,58, cp., 1UI3.J&J
48. Court House, 190H, reg. J&J
8-8s, refunded. 1895, reg.. ..JAJ
*g»n«*. G»--Water 78, 1I04..J&J
6s,
S135
5104
100
IDO
100
104
100
113
104
jaI 100
......Vi-ijlj
1914-18
,4».M9.16
tSfSU*' Me'^eVigoi; Fiiid'ij&J
1905
i'lio
104
121
J*J '105
nKS?*- ^"i'***.
Baltimore— Ss. boontv. 1 ftan m * o
Qore—Ss, bounty, 1893.M&S
i'lo"
106
*
1920
o^
::
Prioe nominal.
i
105
J&J
1909
108
81
5112
§110
5100
5
New Hav'n-Park,3i« p.c.20.508. JAJ
97 >«
15818
New Orleans, La.— Premium 58 ...
Cons. 68, 1923,ezt. Grossman. JAJ
108 "4
J&D 10214-102%
58,1934
M&N "" 130
N.Y. City— 78, 1900
M&N
J&J
MAN
M&N
MAN
MAN
AAO
MAN
Var
MAN
68, 1900
6s, gold, 1901
58, 1908
5s, gold, 1896
48, 1906
3i«s. 1904
38, 1907
Park, 2148, 20-48
Norfolk, Va.— 6b, 1914
8b, Water, 1901
58, 1916
Orange, N. J.
Paterson, N.
68,
48,
—78, long
124
1261s
113
107
105>B
IOC
118
A&O
A&O
Ss,
1905
....
§116
J.— 78, 1900
1901
1908
—
J&J
Petersburg, Va. 6s
Philadelphia, Pa.— 68,1895.... .TAJ
JAJ
68, 1904-5-6
Pittsburg, Pa.-58, 1913
78,1912
48, 1915
90
97>«
Vai
1906
110
110
1241s
J&J 120
122
Var 135
JAD 108
J&J 118
6e, Consol., 1904 reg
Portland,Me.— 68, RR.Aid,1907MA8 jl23 126
JAJ )101 103
4s, funded, 1912
Portland, Ore.— Gold 58.1920.M&N
Portsmouth, N.H.— 6s, '93, RK.J&.I )ioi" i'oe"
1281s
133
Poughkeepsie. N. Y.—78, water long S133
ii2'
1211a Providence, R.I.— 58, g., 1900. ..JAJ
U8'« 120
105
68, gold, 1900, water loan.. J & J
J&D 1C6 107
4148, 1899
105%
46, 30-508, sink, fund, 1931. JAJ
M&8 98 100
114
5s, 30-508, sink, fund, 1930. VI AN 113
3>fl8, gold, 1916
J&J
Quincy Ill.-Hs, 1898
Hamilton County 48...
106 107
Cleveland, O.- 7s, 1894
AAO 108 109 Kahway, N. J.-Old 7s
78
New a^ustment, 48
68, 1900
MAS 112's 114
AAO
5s, 1907
J&D 108 >« 1091« Reading. Pa.— 4b. 1920
113 iis"
JAJ
Funded debt 4s, April, 1902. J&J
Richmond, Va.— 6a, 1914
JAJ 132 135
Columbus, Ga.— 76
8b, 1909
Var 105
JAJ 106 108
5s
100 105
5b, 1921 A 1922
99
100
48,192'!
/Olurabus, O., 4s, 1910
A&O
Covington. Ky.— 4s, 1927, new. J&J
104
Rochester, N. IT.- 7b, Water,1903 .. 133
FAA 103
5s, 1920
48, 1912
111
FAA
FAA '97"
Dallas, Tex.— 5s,8t. Fmp'm't, 1928. 101
St. Joseph, Mo.— 6s. 1903
t'&A
D<ytin.O.— 5b. 1835—1906
Comp'mlseis, 1901
Var 110
Denver Col.— Pub. ini.4s, 1904.M&8
St. Louis, Mo.— 68, 1899
104
Duluth, Minn.— 4s, 1920
6s, gold, 1894
,T&J
105
Detroit. Mioh.—78, 1894
58, 1900
FAA
100
68, W. L., 1906
J&D §123 123% 48, 1905
£9i«
3148,1911
3-658, 1907
J&D
Erie, P».— Consol. 78, 1894 ... J&J
AAO ^116
St.L.Co.— 6s,1905
EUzabeth, N. J.— New 43.1922 JAJ
78
8t. Paul, Minn.—4s, 1912
83
Evansville, lnd.,comproiu. 4s,1912
4>ss, 1916
Fitchburg, Mass.— 6s.'91 W.L. .J&J 6 100
100 1»
58. 191.">
Galveston, Tex.-88,1893-1909.M&S 102
103
68, 1904
-.
5s, 1920
78,1898
J&D - 99 lOU
lis
Gr'nd Rapids, Mich.— 5b, 1904.J&J
San Antonio. Tex.— Cs, 190y-19J*J
102 105
Water, 8b, 1895
Savannah— F'd 58, cuiis,1909 .Q—
JAD
Harri'burg, Pa.-68, 1895
rtcrantou. Pa. -48, 1893 1910. F&A
J&J
Water 68,1903
Sioux City, Iowa— 4I38, 1899.
5J&J
Hartford, Conn.—6s, 1897
JAJ §110 113 Spokane Falls, Wash.— bs
Towns, 3s, 1909
Sprtngfleld, Mass.— 6s, 1905. .AAO
90
Hoboken, N, J.-76, 1892
AAO
78,1903, water loan
A&O
Improvement 6s, 1898
MAN
Springtleld, 0.-58, 1907
JAD
do
.58, 1901
7-308, BR., 1900. M A N
MAN
Toledo, O.—
Houston, Tex.— 6s
Var
103
8s, 1893-94
Compromise 56, 1918.
Var
94
6s, 1899
IndianapolU,Ind.-"D"7-3,'99.J&J 112
AAO
58,1893-1913
68,1897
Var.
4s, 1913
JAJ
Jersey City— 7s, 1905
Var
Topeka, Kan.— Refunding 58
Water 68, 1907
JAJ
1911
Trenton, N. J.— 4s,
JAJ
Hudson County 58, 1905
Worcester, Mass.— 6a, 1892... AAO 1I02
MAS
Hud8on County 78, 1894
AAO ,113i«
JjtD
58.1905
Bayonne City, 78, long
AAO 1IO3
J&J
48, 1905
Kansas City, Mo.— 76, 1898.. M&N 113
JAD 98
113^4
31SB. 1905
4b, 1910
UAILtlUAD BONDS.
A&O
I>awrence,MaBS.— 6s, 1900 ...AAO 116>i) 118
consorted are
(Bonds of companies
Leavenworth, Kan.-4 8, 1914 JAJ
generally under tht consoVd name.)
Long Island City, N.Y— Water.7s... 100
119
Ala.Ot. Southern— lsl,68,1908JAJ 6116
Lus Angeles, Cal.— 58, gold .'.
Debenture 68, gold, 1906.. .FAA 104 107
Louisville, Ky.-78, 1903... . Var
121i«
J&D e 98 100
Geu'l moit. Ss, 1927
89
68,1897
Var
106s Alabama Midland -l8t,Gs, 1928...
20-408,58,1920
66
63
Ala. N. O. T. Ac. l6t deb. 68, 1907.
"man
107
48, 1923
58
J&D .•i3
101
2d debent. 6b. 1907
j,tej
Lynchburg, Va.— 68, 1901-4.. .JAJ
95
90
Ala.AVicksb.-Cuna. 58,1921. AAO
110
Lynn, Ma8s.-Waterloan,68,'94.JAJ
10ui«
96 100
Vicksb.AMer. -l8t,68, 1921.A&0
56, 1905
80
70
114
2d, consol. 58
....MAN
Macon, Qa,— 6s, 1909...
131
113
41b'y & Susq.- Cons. 78, 1906, guar.
Manchester, N. H.—6b, 1902.'.JAJ
117
Consol. mort.,68,1906, guar.A&O 121
48, 1911
109%
lOi
4ll6gh. Vai.— Gen. M., 73-108. JAJ
Memphis, Tenn.—Comp. 6811907'
AAO
lat mort., 78, 1910
TaxDlst., 68, 1913
AAO 25 30
Income, 78. end., 1894
JAJ
Ta^V'"*-'^^' ^»1S
AllentownTerm.~let8,4B, 1919. JAJ
-fAJ
Middletown, Conn.— 3-65, 1900
78
77
Atoh.r. AB. Fe-new48, 1989, JAJ
Minneapolis, Minn.-Ss, 1892. JAD 102
4238 42°a
New Incomes, 1989
78,1901
AU.ACharl.— l8tpt.78, 1897.A&0 100
J&J 111
4>98, 191215
122
0IO2
119
iBt, 7s, 1907
48,1915-17
AAO 104 106
Inoome, 68, 1900
98
Milwaukee, Wi8.-Water7"8V'02.JAJ
101
4tl, A Florida— 1st, 68, 1939. MAN § 98
Water 48, 1906-7
Atlantic City— 1st, 58,g., 1919.MAN 1041a 105>s
JAJ
MobUe, Ala.—4-58, f'ded, 1906. JAJ
89
92
Atlau. A Dan.— l6tg. 68,19 17. AAO e...
Montgomery, Ala.—68..
7l>a 72
108 112
ItlanticA Pao.— Ist 48, 1937. .JAJ
58, new
101
2d W.D., guar.,g, s.f.6s.l907.MA8
105
Nashville, Tenn.—68, I'goo.V.V.JAJ 110
ll>a
AAO
W. D. incomes, 1910
Cook Co. 4>48, 1900
West Chicago 58. 1899
Lincoln Park 78, 1895
§100
South Park 6s, 1899
Cincinnati, 0.-7-308, 1902 ...J&J 128>4
Var 132
78, 1908
MAN
68, gold, 1908
48, 1905
Va' §1034
120
126
105
103
,
106\ Newark— 48,"i908'".'.'.'.".'".'"""AAO
118
6s,We8t.Md.HK..i962::::g
4s,
100
Adk.
,
North Dakota bends
Fenna.— 58, new,reg.,'92-1902.F&A 101
_
4a,
6s,
Omaha, Neb.-Paving
111
125
Bid.
N. Bedford-(Con'd)-3ias,1910. AAO
N. Brunswlok.N.J.— 7s,water, 1904
Norwich, Ct.— 58, 1907
3-658,1902
90
18901929....J&D 5100
l(arvlaiid-38, gold, 1900
J&Jj
38.
1897
170
160
133
121
101
78, 1895
4i«8, 1900
98
98
105
Temporary loan, 3s. 1899
Iionlslanar-Consol. 7s, 1914. ..J&J
Stamped 4 per cent, 1914
J&J
105»i
107
02
109
108
A&O
Chicago, 111.-78,1899
Wa8h.-Puud.loan(Cong.)6s,g.,'92
6e, gold,
5108
Charleston, 8.C.—Conv,7s,'97. A&O
Funding 58. 1899
J&J
Perm. Imp. 6s, guar., 1891 ..J&J
Perm. imp. 7s, 1891
J&J
Maine—New
UOO
CiTT SECUKITIES.
Ask.
121
Birmingham, Ala.— 5 g.. 1920 A&O
Boston, Ma8S.—Water68,1906 .Var &126I4 128
Var §115 117
Water 5s, gold, 1906
.Vnr §105 107
Water 4s, 1917
A&O $ 99 101
Water aias, 1917
104 li Br'klyn,N.Y.— Bridge7e,1924.J&J
J&J
Park 66, 1924
IO712 112
JAJ
Bridge 58, 1919
95 103
J&J
Bridge 4s, 1926
losH
1(j4
J&J
15
Water 3e, 1905
8
J&J
Buffalo, N.Y.— 78, 1924-5
150 180
A&O
Water 58, 1898-9
9
6
MAS
10
Water 4s, ls'04
4
JAJ
Water 313S, 1905
10
4
F&A
10
Water 38, 1916
4
Cambridge,Ma88.-Water6B,'96.J&J
10
4
JAJ
City 68, 1904
il02
Var
•5.100
Water 311C, 1911
Camfien.N. J.— 7S.1903
J&J
01ae8"B,"5s, 1906
4s,
6119
§105
S104
103
4 to 5, 1906..
Class "C," 48, 1906
Currency funding
Bid.
Bangor, Me.— Water,68, 1905. J&J
J&J
E. <s N. A. RK. 68, 1894
Var
Bath, Me.—6s, 1902
J&J
4196, 1907
121^
railroad aid, '98..
Belfast, Me.— 6s,
123
38
SEOlTRITIEii.
*J»bama—aass-A,"
City Securities.
Ask.
125%
4««8, 1918
58, 1909
6a, 1910
§:;;:::
;
yi^
,,w. „'^*'-*1"®*'«". 1905..'.".'.V.'.V.';V8r
lOJi* New Bedford.Mass.-
Pnndiaaer abo nays aoorued interest
101
i
68.
t
1909.AAol§129
In London.
131
Central Div., 1st, 68, 1891. .MAN
IncoiueB, 6s, non-cumul., 1922.
Land gr. incomes, cum., 1901
Saltimore AOhio-48, 1935...AAO
94
10
20
100
rarkersburg Br., 68, 1919. ..A&O 115>s
106
F&A
68 gold, 1925
109
FAA
Oousol. gold 58, 1988
t Coupons on since 1869
IISublecttooatL
\
I
Mi.BCH
THE CHRONICLE.
81. 1801.1
45g
GENERAL QUOTATIONS OP 3TO0K3 AND BONDS—G'o!«ti!»o«d.
For g»pl»ii«Moii»
Bid.
KXIUtOAO BOHOa.
Baltlmoro
A
Ohio.
eoliuylklU Klv. EvstSiileftH, lOSn
.MAS
M.V8
MAN
1041«
el 00
el 12
ell9
JAD elOft
AAO elOl
Bterlinn, Ss, 1927
Bt*iliiitf, 4'«B, li>fl3
KiiH.Tr.Ker. B.1891 to
at
He«d of Wrat Pa«» of Qaotatl«aa.
BAnju>AD Bond*.
Ask.
()lilo-('"on'lnii<Ml)
Bterlliiif, «B, I8i>!i
terlliiiK'. 08,1?.. 190i
BIcrllni.-, ««, K., 1910
n— Wot—
8B,8.f., 1901
Ss, del>enture,
107
114
121
107
106
BM.
Ask.
B.Aq.-Cona.,7*,1903..JAJ
A40
MAM
1913
4b, plain bonds,
98
1921
Neb. fe:xt..4B, 1927
190O-MAN
Plain, 78, 1896
Mon.Elv.— l8tKU.Kft».1919.FA\
102
Bonds, 58. 1895
<"eii.O.-Con».l»t,4'«8,19.iO.MA8
Convert, del>. 58. 1P03
Balt.A O. 8.W.— (nn.AUalt.78,1900
"oe"
Bur. A Mo. K., I'd M.,78,'03.AAO 4
JAJ
New.4><8,Kuar.,1990
104 >s
59
Bur.AMo.(Neb.),l8t,6a,1918.JAJ {HSis 113'«
iBt pref. lucuiue 5s
20
Cons, 68, non-ex., 1918.. ..JAJ »10&
do
loft's
2d do
6
6V1
4s, (Nob.), 1910
do
do
90
S<1
JAJ 5 89
133
Neb. RR, Ist, 7s. 1896
Bait. A Pot'o— let, 6«,K., 1911 AAO ellS
AAO JlOO 110
123
Ora. A S. W.. Ist, 8«, 1896.JAD {H*
tnnnel.es. K'.KO. 1911. JAJ el 18
1st,
115
96
Ott. Osw. A Fox R., 88, 1900 JAJ (119
121
Beech Crwk—lst.K'la, 48.19.'?6,J&J
Atoh'n A Neb.— l8t,78.1908 MAS S122's 124
BelTldpre Del.— lat,6H,a.. 1902. JAIi
101
Repub. V'al.. 1st, Hs, 1919 ..JAJ Jl-08 IO6I1
FAA
Cons. 48, 1927
Boaton * Albany— 7s, 1892. ..F&A M01\ 102 14 Chio.AEaattU.- Istmort.Os, 1907 H*"* 115
108
lBt,con.,«e. gold, 1934 ....AAO 120
JAJ
121
68. 189.5
Gen. con., Ist, .58, 1937
Boston* LoweU— 78, 1892. ..AAOlJlomi 101^
MAN Ob't
JAJ }")7is 108 »* Ch. A I. Coal R'y, Ist .58, 1936.. JAJ
96
6«. 1896
J
{IO51J
JAJ 51051J 106 "« Chic. A Or. Trunk-lst, Os., 1900. 105 110
68, 1899
-•
Chic. Mil. A St. Paul48,1905-6-7
V»r. 6101^ 102
M.ASt.P.lst, 88, P.D., 1898. FAA
MAN 105 107
119
4>«8, 1903
P. D., 2d M., 7 3-108,1898. .FAA HI
117
Boston A Maine—7s, 1893
JAJ 102 «s 103
IU4
R.D., 1st, $, gold, 78, 1902 ..JAJ 119
1041s
JAJ
124
7s, 1894
104
La. C, IstM.. 7e,1893
Improvement 48, 1905
FA.\ 103
JAJ 1071B
I. AM.,latM.,78,1897
Do
48,1937
FAA 106 108
JAJ H^is lis
103 104
I'a. ADak., l8tM.,78, 1899.JAJ 11'7
Bofll. A Providence— 78, 1893 .JAJ
IU4
105
Chlo. A Mil., 1st M.,78, 1903.JAJ 122
iVs'
JAJ
48, 1918
Consol.. 78, 1905
Bost. Revere A Lynn— 6s.'97.. JAJ ion's HI
JAJ 122 122 >4
20
Ist M., I. A D. Ext., 7s, 1908JAJ 12218 125
Bradford Bord. *i K.— 1st, 6b, 1932
!0
lat M.,68, S'thwest Dlv.l909JAJ no's HI'S
Bradf.Eld.A Cuba— l8t.6e.l932JAJ
l8t M., 5a. LaC. A Dav.l919JAJ 100^
Brooklyn Ele.— l9t, 68, 1924. .A&O lim 112
"
88
So. Minn, lat 68, 1910
2dmortg, 58. 1915
JAJ
JAJ HI'* 111%
Hast. A Dak.Ex. l8t,7s, 1910.JAJ
^ % 119
Union H.— iBf, 6b. 1937 ...MAN 108 >4 109
6i>H
Brunew. & W.-l8t,48,K ,1938.J&J
do
58, 1910
JAJ 98 102
Chic. APao. Div. 68, 1910 ...JAJ US
liO
Bnfl. Brail.A P.— «eu.M.78,'96.JAJ 10-2
139
do West. Div., 58,1921. JAJ lO*"* 106
Bnlt.N.Y.&Erie-l8t,78. 1916.JAI) 134
95
91
BuR'.Riwli. A Pitt«b.— Oen.58, lw37
Chlo. A Mo. Riv. 5s, 19.!6....JAJ
120
Mineral Pt. Div., 58, 1910. ..JAJ
Roch. &P.. l9t.68, 1921. ...FAA 117
93 97"
114
93
Consol.. Ist 68, 1922
JAI) 113
Ohio. A L. Sup. l.iv., 5s, 1921JAJ
Wis. A Minn. Dlv., 58, 1921. ..JAJ 100%
Bufl.A Southwest.- 6b. 1908.. J.AJ 100
96^ 98
Terminal 58, g., 1914
Burl. C. R. A N.— l8t.58,1906.JAD
JAJ 190 102
Dubuque Div., lat. 68, 1 920. JAJ Slog's 110
Oon8.1at Acoi. tr.. 58.1934 AAO
871s
Mlnn.AStL..l8t7B,sM,19.7.JAL)
Wis. Val. Dlv., let, 68, 1920. JAJ }104
105
Iowa C. A W.. l8t, "8, 1909 Mas
FargoASouth.- 6s.aas.l924.JAJ
i02'
--•
Inc. oonv. 8. F. 58, 1916
0. Rap.I.F.A N.,l8t,68.1920.AAO
J,fc.I
do
Dak. A Gt. 80. 5a, 1916
let, 58, 1921... .AAO
JAJ 92
Gen. g. 48. ser. A., 1989
OalUor. Pao.— latM..4»«8,1912 JAJ 105
1081s
JAJ 85
99
Cb.ANo. Pac.cOD. og.l940.AAO ''8
2d M.. 68, g., '9l,exr.at4i9% JAJ
10" Chicago Northwest.-,
8d M. (Kuar. C. P.), 69, 190&. JAJ 106 1
A
65
do
do
Con. 7e, 1915
38, 1905. JAJ
Q—
Okmden A Atl.— lst,7s, k.,'93..JAJ 101
Conaol., gold, 78, op., 1902. .JAD
Coneol. 6b, 1911
Sinking fund, 68, 1929
JAJ
AAO
Camden A Burl. Co., 68, 1897.FAA
do
68,1929
AAO
Oanatia 80.— Ist 58, guar.,1908,JAJ 1051s 107
do
debent., Ss,1933..MAN
106%
2d mort.. 5e, 1913
25-yra. deb. 58, 19o9
MAS 96>s
MAN
0»pe F. AYad.V.,l8t.6a,8er.A,1916 li3>s 105
Exten. bds. 48, 1926
FAA15
103
lst68, ser. B, 1916
E8cau.AL.8up., l8t, 6s, 1901.JAJ
J.AJ. 101
Ist 68, series C
JAD 102 1» 103 Is Dee M.AMinn'8,l8t,7s,1907.FAA
Cape Olrard. 8. W.con.6s. 1908 MAS
Iowa Mid., 1st M., 88, 1900. AAO
Oaroliua Cent.— l8t.6a,K..l!J2U. JAJ
102
Peninsula, let, oonv., 7s,'98. MAS
0»t»wl8sa-Mort.,78, 1900.. ..FAA 113
Ohio. A Mil., let M.,78, '98.. J,SiJ
119
OedarF.AMin.— Ist, 7s, 1907. JAJ 90 >i
WinonaASt.Pet.- 2d7s,1907MAN
Cent, of Ga.— let. eons., 78, '93. JAJ 102
1U5
let extension, 7 g., 1916
JAD
CoUat'l trust 5b, 1»37
Mil. A Mad., let, 6e, 1905.. ..MAS
MAN 96
Oer.Ooi.ClD.A
OolumblaAOr.- lst.6«. 1916.JAJ
2d mort..
eav.AWest..
1st. guar., 1929
MAS
82
Oent. of N. J.— let cons. 78.'99.y-J
Convert, mort. 78, 1902. ...MAN
Conveit. debent. 68, 1908. -MAN
Glen,
mort,
58,
1987
831s
117
i23'
OoL
Nortbweet.Un.,
IIOI9
110
97
Mortgage 58, 1912
MAN
Am. Dk.A Imp. Co., 58,1921. JAJ
Chic.
108
gold, 1895
JAJ
gold, 1896
JAJ
gold, 1897
JAJ
gold, 1898
JA-I
8 Joaquin, Ist M.,6s,g.l900.AAO
68,
68,
68,
68,
109%
1101%
112
109
A
lst.7«,
Delaware— Mort., 6s,guar.,'95 JAJ
Cmpon 78, 1891
4
104>a
AAO
112
M., Pa.Dlv..78. 191 ...7MAS
Del. L.
Con vert. 7a, '92.. J AD
let,
AW.—
104*4
Mort. 78. 1907
MAS
Den. City Cable 1st 68, 1908. .JAJ
Den. AR.
Istoon. 48,1936.JaJ
G—
100
62^ 83
MAN
Ist 78, gold. 1901'
119
JAD
83
4fl,1905.JAJ
l8tmort.,giiar.,2>ss, 1905 JAJ
Ist M., on Ext.,guar ls,l90.5JAJ
Det. B. C. A Alp..l8t,6s.l9l3 JAJ
50
75
Iiupr., g., 5s,
1928
DesM. A F.D.—Guar.
Ptuvhaaer also pays accrued
Gr.Rap. L. A D., l8t,58,1927
Det.
MHck.AM.— Ld.
.
MAS
5
SOig
gr. 3>s8. 8. A.
Dub. A 8. City— l8t.2d Div..'91. J AJ
DuluthAlrouR.-l»t,5s,193?.AAO
DuluthS. 8h. A AtL— 38,1937.JA J
93
e In
A
E. Tenn. Va.
Ga.—
let, 78„ 1900
Divisional, 58. 1930
Consol. 58, g., 1956
1st Ext., gold, 5s, 1937
JAJ
JAJ
11398 116
IOC's
MAN
ioi"
JAD
Equip. A Imp., g., .58, 1938. ..MAS e 84
CinciunatiExt. S8.,g,19iOFAA
Mobile A Blrni.,lst, 58,1937.JAJ
8S
Kaoxv. AOhlo,lst,6s, 1925. JAJ
—
||
101%
86
95
108 >•
116
123% 134
Ea8t«n
118
Ill's
& Aiuboy-&L,5e.l920.MAN
98
100'* Ellzab.l.ex.& Big S.— 6«, 1902..VIA8
I3214 ElmiraA W'mspt— iBt 6s,1910.J.&J
108>s
1071s 108 >•
110
....„
105
119
Mt. Vernon— Ist, 6s, g.,1923AAO
Evans. A Rich.— Ist5 g.l928.MA8
L., r,a,
London.
31H
100
Dunk.A.V.AP.— l8t,78,g..l900JAD 110
1
interest,
88
80
94
Det.Q.HavenAMil.— E<iulp.68,191(? ell5 117
Con. M., guar. 68. 1918
AAO ell4 117
Det. L. A North.— Ist, 78, 1907. JAJ §108% 109
120
116
,
Minn.AN.W.l8t,58,193t..JAJ.;e 75
Che8.AOhlo.— Pur.money fd.,68 '98 no's 113
Series A, 68, 1908
AAOi 116»« 118 Chlc.St.P.Min.AOiu.- Con. 68, 1930 115
Ch.St.P.AMinn. l«t,6s,1918M*N'
Mortgage 68, 1911
AAO
O.AO. Ry, latSs, 1939.... MAN 991s 10ui«
St. PaulAS.Clty,l8t6s,1919.AAO 121
1st Consol. R. A A.2-4. 1989. JAJ
691s 70 1« Chic. A W.Ind.-8.M. 68, 1919 MAN
Q— .VI|
General mort., 6s, 1U32
do
do
48, 1989... JAJ
2d Coneol. R. A A. 3-4.1989. JAJ
Chi. AW. Mlch.-Oen..58, 1921.JAD } 92
71
Olies. O. A 8.W.— M.68, 1911. .FAA
Cin. Georg. A Porte. —6s, 190 1 AAO
106
2d mort., 68, 1911
Cin. Ham. A Day.— Conaol. 58AA.OiJ>0Sis
FAA
77
AAOl 125
Cheshire—68, 1896-98
JAJ 1051s 106 13 Consol. S. F., 78, 1905
AA0^114
4s, 1910
Consol. mort.',6s, 1905
JAJ }
Chicago A Alton.—
2d mort., gold, 4>S8. 1937. JAJ
nomlnaL
....
Del.AlIul. -1st. Ex. ,78,1891. MAN
1
Prtoe
90
loo. 78, '93
JJtJ
Ala. Cent., let, 6b, 1918
East. A W. Ry., Ala. -lat, 6e, 1926
Ea8tem,Maas.— 68, g.,190C. .MStii
ii«27.AAO
('!al.AOr.-SerleeA.5g.,;918.JAJ|tl03>a
Chio.R.I.A Pac.— 6s.l917.o«up JecJ
Series B.,6e, *, '92
Chicago A. Si'Uth western
lOU
JAJ
loo's
Mort., gold, 58, 1939
Exteu. A col. da, 19.i4
JAJ
AAO
Landg. 58, g., 1900
AAOl 100 102)s Chic.ASc. L.-let 6s, 1915.. .MAS
West. Pacif., 1st, 68, g., '99. .JAJ 108
log's Ohio. St. L. i«P.— Con..0e,1932.AAO
Central of 80. Car. let 68,1921.JAJ
Chic. A Gt. East., let, 7s, 93-'95.i i"*
Charles. Cin.A Cist g.58,l947.Q-Ji
Col.AInd. C, let M.,78, 1904.JAJ 15113
Ouarl'te Col.AA.— Cou8.,7s,'95.jAJl 1071s 109
2d .M.7a,1904.MANi§113
do
2d mort., 78, 1910
AAO 118 1201s Un.A Logan8p.,l8t,7s, 190.'>.AA(> U14
Consol., gold, 68, 1933
JAJ 104>s loo's Chl.8t.P.AK.C.— Pr'ty58,1931.JAJ f
Chartier8-l8t,78, 1901
J*J,e 75
1st, g, 5a, 1936
AAO
*
e9«i
110
83
92>s 93
Bo's 81
8ft
8S
4107 110
4102
}ll0 lis
§102
4H3 lis
82
Del.A Bound B'k—l8t,78,1905FAA
1917. MA.S
l8tM.,7s, '93
JAJ lOfg loft's Cin. H. A 1., 1st M., 78, 1903.J,I[J
Sterling mort., 6e, g., 1903.. JAJ ell8
C.I.St. L.AC.— l8tg. 48. 1936,0—
120
Sinking fund, Ue, g., 1903.. .MAN 121
Con. 6b. 1920
Clu.AIndiauap., let.,7s,'92.JAD
Louis'aA Mo.R.,l9t.78,190OFAA 116i«
JAJ
do
2d M.. 7s, 1892
2d,78, 1900MAN
Indianap. C. AL., 7s, 1897. .FAA
8t.LJacks'v.AC.,l8t,7s,'94.AAO 1071s
Ctn. Lat.iBC.- l8t,7a,g.l901.MA«J
do letguar.(564).78,'94AAO 1071s
Cln.Jack.AMac.-lHt..58,1936 JAD
do 2d M. (360), 7e. '98.. JAJ
do 2dguar. (188)7s,'98.JAJ
Cin. Lob. A Nor.— l8t, »8, 1916JA.I
Mlss.Rlv. Bridge, l8t.,s.f..68,1912 105>i
Cin. Rich. AChic— Ist, 7», '95. JAJ
Ohio.A Atlantic— l8t,68,1920.MANJ H&
Ctn. Rich. A F. W.— l8t,7«,1921JAlJ
Ohio. Burl.A Nor.- 5s, 1926..AAOj lot's
Clnn.Sand.A Clev.—6e. 19O0..FAA
2d, tis, 1918
JAD 61001s 100% Consol. mort., 5e, 1928 .......JAJ
Debent. 68, 1896
Cln.ASp.- 78,0.C.C.A I., 1901.AAO
JAD (loo's 100%
Equipment 7s, 1908
78. guar., L.B.A M.S.. i908..AAO
FAA ^100
I33H
103 >•
108
•
107
.Mo.— let, 78, '91. FAA
A St.
139
183
loft's
l8l mort., 78, 1916
."tfAN
AAO
2d mort., 7s, 1909, guar.. .JAD ,
5s, 2-t82
8. C.A Pac, Ist, 69, 1898. .JAJ SUSis 119"
Erie A Pitts.— Con. M., 78, '9S.JAJ
IISI4
AAO
From. Elk.A Mo.V.—6s.1933Aa0 5115
Equipment, 78, 1900.
do
Unstamped.. SHO
do
Evans. A Ind.— l8t,guar.,g.,6e, 1924
Chlc.Peo. A St. L.- st 5s,1928..MAS
JAJ
9 7 is
con., 1926
1st,
Utch'id C.A W., l8t.68,1916.JAJ
Evans.A T.H., 1st con.,68, 1921,JAJ
Louisville
lt7^
^UHol mort., 6«, 1893
AAO
Imi>iovemeHt6a, 1911
JAJ
Conn. A Pasaump.— M.,78, '93. AAO'{104% 108
Connecting (Phlla.)— lat. 68 ..MAHi
Consol. RK.of Vt.. 1st, 58. 1913..IAJ 4 88% "£9"
Cov. A Macon -Ist 6 g. 1915. .MA.S
6ft
SO
DaytonAMloh.— Con. 58,1911. JA.J {ice's 107%
Daytcm A Union— Ist, 78, 1909JAD }120
Dayt.A West.— l8tM.,68, 1905.JAJ 4112
Ist mort., 78, 1905
JAJ |122
IJAD
ATomah.— l8t,68,'05.MAN
Oedar R.
111
107
Central Pacific-
Ext.,l8t,78,191
A Toledo— let 78. 1905. FAA
Con.AMon.-B O.A M.—
A 8t. P., 56,
Menominee
115
JAJ
Leh.4Wll.—f;on.78.g., 1900,888.0
ist,
let,
let,
Ist,
1909.. MAS
North. Ills., Ist, 5b, 19 10.... MAS
Madison Ext., Ist, 7a, 1911. AAO
AAO
1923
do
2d mort., 1900. MAS
OhloAW.Va.,lst,s.f.,7B,l!.iOMAN
Col.Sliaw. A H'k.-lst 5B.1940 JAJ
Ool. A Westtrn, 1st, 68. 19 11... JAJ
H
Ott. C. F.
68.
Col.AC.'Uld.- l8t.4'<8, 1939. .JAJ
Colum. Hook.V. AT.-Con.5B,1981
Gen. «B gold, 1904
JAD
Col.AHook.V.— l8tM.,78,'97.AAO
do
2d M., 7b, 1892. JA.I
I
37. MAS
»7
8t
90
nc
A Pltls.-Con.8.r..7s,I900MAN 12U
4tb Mort., 6s, 1892
JAJ
Colorado Hid.— Ist, Us. 1936.. JAD
Consol. gold.48
1940
Ole.
•
g., 1
In— 1st 7«,>g9. MAM
Oonaol. mort., 78, 1914
JAD
Oons. 8. F., 7s, 1914
JAJ el28
Oen. oon.6B, 1934
JAJ laa
Belief. A Ind. M., 7«, 1899... JAJ
Cleve. A Mab.Val.-G.ft«.19it8JAJ
.
Chat. R. ACol.— 58,
A
Je(r.-l»t,««,1927 .JAJ 118
104
Olev.AkronACol.— lKt,es,1926JAJ '
loo's
0"n. M., g.. S«. 1927
MAA t97«,.
106
E'lulp ir. A Zil M.. 10-iO«...PAA
O'iH
94
Clove. ACBnton-lst.fta.iei7.JAJ
86>f
8a
C.C.C.A8t.L.-C. Dlv., 4s, 19aejAJ
AAO 108
AAO 01
FAA 88
MAS 82
8fi%
MAN
JAJ 6l05>s 106
J4D »100 101
MAS 101
Iowa IMv. H.K.Sa, 1919
Iowa l>iv..4s, 1910
Denver DIv.. 48, 1922
BM.
Railroai> Bosna.
nearf.
118
107
108
108
120
ll'J
Evansv.T.U.AChi.— l8t, 68, g.l9iK) 5107
J*J {102
2d, 68, gold, 1900
FitchburK— 68, 1899-1903 ... Var. 410538
MAN {1O8
58, 190S
AAO, 5107
68, 1897
AatO|4l07
78, 1894
MAS 4101
1897
4>S8,
AAO 4 98
48,1907
Bost.H.T. A West., deb. 5s, 1913.^100
Flint, AP. Maru.-."d. 6a,l920.AAO| 118
MAN " "
Ist, con., gold, 58. 1939
Port Huron Div. 5s, 19^49
Fla.C. A Pen.— Ut,g.,5«.1918.JAJ
Ist, 6s, 1921 1034
Ft.Wortb ADenv.
Oal.Har.ASauAut.— lst,68,g. 1910.
J*D
2d mort.. 78, 1905
C—
West. Dlv. l8t, 5s, 1931.. ..MAN
Oal.lloua.A Hen.- l8t,58,1913AAO
—
Georgia 6s, 1910
Georgia Pavltlo- Ist.
JAJ
6s. 1922. JAJ
1923. ..AAO
Con. 2d
g.,
Con. income, 5s, g., 1923 . ASO
Ga.Carol.ANo.—lat.5s,g.. 1929. JAJ
Qa. 80. A Fla.- l8t 68. g, 1927.JAJ
mort., 5a,
drand Raidds A Ind.—
1st, l.g^ g'd, 78,
g
l.g., gold.not gnar.AAO
grant, 1st 78,'V9
I8t M.,7s,
Ex land
.
General
70
Coupon oS
58,
1924
MAS
Muskegon Div. is, 1926. ..JAJ..
ar. Bay Win. A «t,P.— let. 68. 1911
1
t
3d, incomes, 1911, all sub. p<l
dan. A St. Jo.- Con. 68, lail...'*IAS
Harrisb'g P., Ao.,l8t.,4«,1913 JAJ
Hart. A Conn. West. -5«,1903. JAJ
Housatonlc—Cons. ft*. 19J7..MAN
do'st-E.A W. Tex.— lst.7s,'98.MAM
In Arasterdam.
(
In Frankfort.
26
110
4
»8
113
108%
ioi"
THE CHRONICLE.
454
[V
OL. LII.
GENERAL QUOTATIONS OF STOCKS AND BONDS— CoNrmaED.
For Explaaatlona See Note*
Bid.
Bailboad Bonds.
& Texas Cent.—
Waoo&N.W.,lBt,7B,g.,1901..T&J
J&J 100
let g. Sp, 1937
A40
2Ag. 6s, 1912
A&O
Debenture fs. 1897
A&O
Gen.g 4s, 1921
A&O 69
Debenture 4s, 1897
Hint.&Br.Top— Ist, 48, 1920. A&O 98>s
A&O 102!«
Cons. 3d M. 58, 1895
Illinois Cen.— l8t,gold,48,1951 J&J ICO
J&J 91
Gold, 3'iB, 19.51
A&O
Col. tr., gold. 48,1952
Bprlngdeld Dlv., 6a, 1898. .J&J 108
fiddle Div. reg. 58, 1921. .. F&A 112
Bterllng, B. F., 58, g., 1903. .A&O el06
Bterllng,g6n.M.,68,g.,1895.A&0 cl08
J&D el08
BterUng, 58. 1905
Houoton
.
BiJLBOAS BOITDS.
112
Louls.8t.L.&T.— 1 st 68,g.l917.F&A
J&J
Louisville Southern 5s
Manhat. El., consol.
Bond, scrip, 48
N.Y.Elevated.— 1st, 78, 1906.J&J
Maine Cent.— Mort. 78, 1898... J&J
IC4
92
A&O
Cons. 78,1912
A&O
Cons. 41SS. 1912
Leeds & Farm'gt'n, 68, 1896.J&J
Portl. & K.,Con8. M., 6s. '95.A&0
Debenture, 68, 10.20s. 1905. F&A
Exten. bondB, 6s,
97Jt
108
110
110
J&J
Inc. 58, 1948
Deo.&Bp.— l8t,78,1906.A&0 101 1«
l8t,78,1919.Var. J114
Ind'poUs&St.L.—
116
guar.,1900.M&N 104
112
67
80 <4
5127
Mad.& Ind.— Ist, 78,1906. A&O
J&J
2d mort., 78, 1910
Kanaw. & Mlcb., 1st 4 g., 1990.J&J
Kansas C. Belt, 1st, 68, 1916.. J&J
Kan. C. Bridge & Term., Ist M.J&J
Jeff.
120
109
99
100
116
Current Kiver, Ist, os. 1927. A&O
K.O.Ft.8oott& G.— l8t,78,1908 J&D
90ii
Kan.C.M.&B.-l8t, 58,1927.M*8
.
M&S
.
103 >«
120
110
85
K.0.8t.Jos.& C.B.— M.78,1907. J&J
Nodaway Val., Ist, 78.1920. J&l)
Kan.C.W5-.&N.W.~lst58.1933.J&J
Ken. Cent. Ry.— Gold 4s, 1987.J&J
Kentucky Un. 1st M., 58. 1928.J&J
Keokui&DesM.- lst.58,1923.A&0
Kings Co. El.- 8r. A.,£8, 1925.. J&J
2(1 mort .18. 1938
AAO
Fulton El. iBtM. 5e, 1929. .M&8
Kings.
SIH
98ii
96
& Pcmb.— 1st, 68,1912 J4J
& Ash., new 7s, 1892. .A&O 108
Bnff.&E., new bd8,M.,7s,'98.A&0 116
1161s
Det.Mon. & Tol.,lst,7s,1906 F&A
127
Dividend bonds, 7s, 1899. .A&O II714 118i«
liake Shore, cons. ,cp. ,1st, 7s. J&J
122
do oonB.,op.,2d,78,1903..J&D 122 124
Mahon. CoalRB.l8t,58,1934.J*J 108 110
Kal.A.&Gr.R.-lst 58, 193s. J*
108
liehigh & H. R. con 58, 1 920 .J&J
X)bigh Val.— 1st, 6s, 1898. ...J&D 1131s
Con.M.,8t6rling,6g.,1897...J&D el04
106
Sd mort., 7s, 1910
134
M&8
128i« 129
Con. M., 68, g., 1923 reg
J&D
Ol. P.
.
.
.
Iieh.V.Ey,l6t i^'i, g., 1940,reo.gu.
litolif. Car.& West, Istg. 68,'16J&J
Miami— Renewal 5s,1912. .M&N
Ii.
li.
Book A Ft.S.— ist,
10308 IC414
illl^ii
7s, 1905.. J&J
UtUeR.& Mem.-l8t,58,1937.M&8
67
tong Island— 1st M.. 78, 1898.M&N 1171.
98
113
99
70
l«t oonsol. 58, 1931
Q— 115>s
Gen.M. 48, 1938
J&D 91i« 92
M.y.&R'yB'ch, St g.58,1927.M&B
2d mort. Inc., 1927
8
40
Br.Y.& Man. Beach, l8t7B,'97,J&J 107
110
1
N. Y. B. & M. B. J.st con. 5s, 1935
Brook. &Mon.,rst6B,1911.M&8
1121s
M&8
J&D
l8t 58, 1911
2d, 58, 1938
JuLv
JAJ
107
101
Bmlth.&Pt.Jeff.,let.78,1901M&8 107
1,. I. City & Flu. Ist 68,1911. M&N
106
tou'v.Ev.A 8t.I^l8t,6s,1926.A&0 103
E. R. & E. Div., Ist, 6s,1921.J&J 103
109
104
82
99
86
Consol. 58, 1939
I^ulsville & Nashville.-
J&J
Cons. 1st, 7b, 1898
M&S
OecUlanBr.,78, 1907
. O.do Mobile. iBt
A
_
68,
1930. J&J
20, 68, 1930. ...J&J
I8t68, 1919
J&D
K. H. AN.,
Ctonl mort. 6s, 1930
J&D
,
Lon'v.C.&Lex.— lst,78,'97 ..J,StJ
2d mort., 78, 1907
A&O
lleno^ 0.,8tl., M.,78, g.,1901 J&D
F&A
M.A<}larkaT..et'g,6B,g.,1902
Sensaoola Dlv.,lBt,68,1920..M&8
m. Umie IMv.; lat, 6s, 1921 M&S
. .
_
do
a«h. A
2d.,3s„1980.M&8
Deo., Ist 78, 1900... J&j
A No. Ala., 8. F.
Ip.
68,
XMi-Iorty 6s. 1924
1903M&N
MAN
mort., Inc., 5b, 1934
Price
M&S
36
Clinch V. D., let Ss, 1957..--M&S
Ask.
Debenture 68, 1905
Nort 'k & Petersb., 2d, 88,
101 Is
MAS
74
80
....••
115%
1171s 119
el 13
116
115
115
99
101
113
elia
'93. J&J
106
ICO 107
106 123
Va.A Tenn., 4th M.,88, 1900.J&J 121 ...•••
93>« 100
do
extended 58,1900. J&J 100
831s
100-year mort. 5s, 1990
J&J 93 1< 95
North. Pac. Coast lat 6s
M&N 99 102
Mil. Lake Sh.AW.— 6s, 1921. .MAN 125
99i« North Penn.— l8t,78, 1896. ...MAN 113
Conv. deb. 5s, 1907
F&A 98%
99%
Gen. mort., 78, 1903
JAJ 124
Ext. & Imp. 8. f. g. 58, 1929.. F&A
Debenture 6s, 1905
MAS
Mich. Div., 1st, 6s, 1924
J&J 116 118
Ashland Div., 1st 68, 1925. .M&S 114>s
Northeast.,S.C.— lstM.,8s,'99,MA8 119
2d mort.. 88, 1899
M&S 118
Incomes, 6s, 1911
M&N 101
108
Consol. gold, 68, 1933
JAJ 105 107
St. P.E. &Gr. Tr'k, lst,guar., 68. 103
111
.JAJ 111 114>)|
NortherD,CaL— 1st, 68, 1907.
MIL A No.— iBt, 68, 1910.... J&D
AAO 100
Consol. 58, 1938
iBt, consol. 6s, 1913
JAD 110 111
••
Northern Cent.— 41*8, 1925. .AAO 104
Mlnn'p. & St. L.— 1st, 78,1927. J&D 106
117
1031s
AAO
2d mort., 68,1900
Ist M., Iowa City& W., 1909. J AD 101
53%
114
Con. mort., 6s, g.,ooup., 1900. JAJ 1131a
2d mort., 78,1891
JAJ 52
8outhwe8t.Ext.,l8t,7B,1910.J&D
Mort. bds., Ss, 1926, serlesA J&J 1081a 110
921s 95
96
1(8
94
Pacific Ext., Ist, 6s, 1921.. A&O
series B
do
60
JAJ 116H
Imp. & Equip. 6s, 1922
Cons. M. 68., 1904
JAJ
00
110
Minn'p. A Pac, Ist, 58, 1936. .JAJ e 85
Con. mort, stg. 68, g., 1904... J&J el08
Minn. S. Ste. M. A Atl.-lst,5s,1826
Union RR.— 1st, fcs, end. Cant.,'95 104 lOSJi*
Mo.Kan.AT.-l8t, g., 4b,1990.JAD
76>s 767a Northern Pac— Gen., 68, 1921.J&J lie
2d, g. 4s, 1990
Gen. land gr., 2d, 6s, 1933.. .A&O 114 ii'iii
FAA 39
70
no's
Kans. C. & Pao. 1st 48. g. F&.\
Gen. land gr., 3d, 68, 1937...JAD
Mo. Pac—Consol. 68, 1920... MAN 109
J&D 83% 83%
L. G. con., g. 58, 1989
3d mortgage, 78,1906
Dividend scrip ext. 68, 1P07.JAJ 103
M&N 112
Trust gold, fs, 1917
921s
Pen D'Oreille Div., 68, 19 19..M&8 §100 io4ii
MAS
83
Col. trust, 5s, 1920
MAN sM02
F&A 82
Mo. Dlv. 6s, 1919
LexinctonDiv., 5, 1920
F&A
James Riv.Val.— l8t,g.,6a.'36JAJ 104
Pac.of Mo.,lstex.g.4s,1938.FAA
971* 98
Spokane & Pal., Ist 6a, 1936.M&N 103 103%
2d 78, 1891
Helena* Red Mt.l8t,0a, 1937M&S 98 100
JAJ 1011*
105i«
Ver'8Vy.Ind.&W.lst5s,1926M&8 ;ioo
Dul. AMan., Ist, 6s, 1936... J&J 105
Leroy A C. Val., l8t,58,1926.JAJ
Dak. Ext., 1st, B.f. 6s, 1937. JAD 104% lOSia
Joliet A N.Ind.,lst,78 (guar.M.C.)
Det. A B. C, Ist 88, 19i:2 ..M&N
Midd. Un. &Wat.Gap— l8t,5s,1911
2d 68, guar. N. Y. 8. & W., 1896.
lis'
Car. Br.. Ist
,
68, g. 1893....
AAO
MobileAO.— l8t,g'd,6s, 1927.JAD
Ist Extension 68, 1927
0—3
Gen mort., 4s, 1938...
MAS
8t.L.& Cairo— la, guar., 1931.JAJ
109%
66 14
85
66
Mont. AEufaula, Ist 6s. 1909. .JAJ
Morg'n'sLa.&Tex.,l9t,68,1920J&J 112%
Ist mort., 78, 1918
A&O 127
Morris A Essex— 1 st, 78, 1914 MAN 140
2d mort, 78, 1891
FAA 101 58
Conv. bonds, 7s, 1900
JAJ 116
General mort., 78, 1901
A&O 123
J&D
g., '93. F&A
F&A
Nashua* Lowell— 6s,
58,
1900
Nash. Chat.&8.L.—lst,7B,1913. JAJ
2d mort., 68, 1901
JAJ
Consolidated gold Ss. 1928. .A&O
New Haven & l'erby-Con.58,1918
New Haven &N., Ist 7s,1899..J&J
115% 116
Consol. 6s, 1909
A&O
101
N. J. Junction, Ist, 48, 1986. .FAA
lis iVf's N.J. AN.Y.— lat, 68, 1910. ..MAN
105
107
N. J.Southem- l8t, 6s, 1899. .JAJ
112%
N. O. A Gulf.— Ist, 68, 1926.. MAN
113 il3i» N. O. A Northeast.— Prior 1.6S.19 1
^109 10Ji« N.Y. A Can.-£ M.,6s, g.. 1904.MAN
N.Y.C.& Hud.Riv.— Ext'd5s. M&N
eil'e' 126
1st coup. 7b, 1903
JAJ
el 10
112
Debenture Ss, lti84 1904. ..MAS
105
do
5s, 1889 1904. ..MAS
115
4s, 1890-1905. ..JAD
„^ do
65
^^^Xi^P^""*"^' ^^' e-< 1903. ..JAJ
lis 116
N.Y.Chio.ASt.L.-lst,l8,1937.A&0
«I08 111
N. Y. & Groenw'd L.— 1st M. Inc. 68
101
2d mortgage income, 6s
107
N.Y.&Harlom— 78,coup.,1900.M&N
101 101
N.Y. Lack.A W.— l8t,6s, 1921.J&J
102>i
2nd, Ss, guar., 1923
F&A
I
114''8
Consol. mort., 7s, 1915
82<s
go-year gold, 5b, 1937
MAN
Penga. A Atl.— l8t,6B,gu,'21.FAA
pol. tr., gold, 58, 19»i
MAN
B-^J'\H\'- ' **» 19 10.... A&O 100
B.AN. Al. Consol. 5e, 1936.. FAA 100
-^.l?**" K-58,1937.FAA
97
99
i..?"1?-f
I/B7.N.A.A Chic— l8t,6s,1910. J&J 106
Con. mort. 6s, 1916
A&O 94>9 96
General m.g. 5s, 1910
M&N
Ind an. Dlv., 6s gold, 19 11.. FA A
103
I«"l«v.N.O.ATex.-lst.4s,1934M&8
88
2d
•
72i«
3514
2019
1931
M&S 110
Mortgage 48, 1940
J&J
J.L.ASag.Cons.lstM,88,'91.M&S 101
MAS
es,1891
do
100
87
2d mort., 2-6e, g., 1936
H. T. C.&C. l8i68,g.,1927.A&0
FAA
2d mort., 4128, 1937
FAA
Gen. m. 58, g, 1940
20%
Midi'd of N. J.— lst,6s,1910.A&O
Newb'g,^Dutch.& Conn.— Incs. 1977
91 100
Norl. A West.— Gen., 68, 1931.MAN
New River 1st 6s, 1932
A&O
Impr. A Exten., 6b. 1934
F&A
12278 123iji
Q.— M.
Adjustment 78, 1924
J&D
107
Equipment, 58, 1908
72
M&S
68,1909
Bid.
N.Y. Lake Erie & Weat.-(Cont'd.)
75
76
Long Dock mort., 78, 1893. .JAD 1061a 107>»
95
Long Dock con. g.. 68, 1935 A&O I1914
New 2d oons.Gs, 1969
J&D 98 >s 99 1<
115
Collateral Tr. 68.1922
M&N 113
107
Funded counon 5b, 1969....JAD 78
II2S4 11212
75
Gold income bonds, 68, 1977
119
(117
Chic & Erie 1st 4-58 g. 1932.M&N "851s 86I9
114
)112
IneomoSs, 1982
133 >s N.Y. &L. Br'ch— 1st, Ss, 1931. J&D
112
5103 103
N. Y. N. H. A H.lst r. 48,1903.J&D
106 14 N.Y.&Noith'n -1st g.5s,1927.A&0 107
J 106
107%
U06I4 10612
51
2d gold 18, 1927
5105 106
N.Y.Ont.& W.— Ist.g., 68, 1914M&S 110 110%
961*
Consol. 58, g., 1939
J&D 96
"so" "so' N. Y. & N. Eug.— Ist, 78, 1905.J&J 120
IstM., 68,1905
J&J lis
F&A 103 10319
103
2dm.,68, 1902
1031s
J
2d 6s (acaled— 5p.c.tiir92).FAA 103 lOSifl
103
Siboss 101
N.Y.Pa. A O.— Prior Uen, 68, 1895.. el03
33
SlOO 100 Is
e 32
do
I8t7a. 1905
3
4
120
2d mort. Inc., 5s, 1910
11*
21*
120
e
3d mort. Inc., Ss, 1915
110 115
Equip. Trust., 58,1908
M&N e 96 98
109
120
N.Y. Phil. & Nor.— Ist, 1923 ..J&J 103
lOlia
AAO 36 40
Income 68, 1933
N. Y., Prov. A Boston 78, 1899. J&J
98
99
N.Y.8.&W.-l8t refnd.,5B,1937.J&J
1900'
Bo. Side, Va..ext. 5-68
2dM., ext. ."v-es.... 1900
do
do
3d M.. 68, '96-1900.J&J
,
98
lAke E.& West.— l8t,g.,58,1937J&J 107 >s 109 14
Like Shore & Mlcli. So.-
.
J&J
July
Bailroxd BoyDS.
Ask.
58, coup.,
K.C.&M.Rr&Br.IstS g,1929.A&0
903.
AAO
MexlcanNat.— Ist, 68, 1927. .JAD
2a M.,Ser. A,lnc.,68.1917...M&S
2d M.. Ser. B, inc.,68,1917.. April
Mich. Cen.— Consol., 78, 1902.MAN
Consol. 58, 1902
M&N
IOOI4
K.O.F.8p.&Mom.--lst.68,1928.M&N
1
J&D
1923 (extension)
1925 (Marq & West.).
Ist con. inc. 3s, 1939
2d con. Inc. 3s. 1939
Old Ist mort. 7s, 1911
iis'is
Kan. O.CUnton & Spr.- l8t,58,192S
Pleas. Hill & De Soto, 1st. 78. 1 907
Bir., equip., 6 g., gu.,
6s,
68,
Memph.& Chari.— l8t,78, 1915. J&J
2d mort., 78, extended, 1915. J&J
J&J
iBt oonsol. 78, 1915
iBt. cons.. Tenn. llen,7B,1915 J&J
J&J
Gold, 6s, 1924
Consol. 48, 1911
105
107
122
Erie,1909.A4O
g.
A&O
Maric.&Plitentx— lst6s,1919.M&N
Mar'ta&N.Ga.-lst.68,g.,l»ll.J&J
J&J
Consol., 6 g, 1937
Marq'tteHo.&O.— Mar.&0.,88. '9-2
M&S
68,1908
68
83
128
Jack.T.&Key W.,let6 g.,1914.J&J
Jefferson— l8t5e,
g., 1900...
M&N
2d 6s, 1899
Mexican Cent.-Prlor.5B,1939.JAJ
Ind'»pol)9&Vln.— l8t,7B,1908.FAA
6s, g.,
199a.A&0
A&O
EL— Ist, 68, 1908. .J&J
M&N
2d 68.1899
73
2dm.
& Gt.North.— lst.68,1919.M&N
2d coup. 68, 1909, Trust reo.M&S
Iowa Cent— let g., 5e, 1938. J&D
ra Falls & 8.O.— l8t,7s,l917.A&0
4s,
Bid.
M<itrop'n
83
Ind.
2d mort..
Head of PIrst Pase or Qaotatloa*.
Ask
(Jhlc.St.&N.O.— r.l'n,7s,'97.M&N
let con. 78. 1897
:J&U
2d, 6a, 1907
J*I> 109 >a 116
6s, 1951, gold
98
1951J&D 95
Mem. Div., ]Bt48. g.,
85
Ind. D. & W.— Gold, 58,1947. .. A&O
Int.
at
N. Y. Lake Erie & Western—
1st M., ext. 78, 1897
M&N
2d mort. extended,58,1919.M&8
3d M. extended, 4is8, 1923. .M&S
4thM.,extended, 58, 1920..AAO
5th M., extended, 4a, 1928. J&D
Ist cons. M., 7s, g., 1920
M&8
1st cons, fundcoup.,78,1920 M&fi
Reorganizat'n iBt lien, 6s, 1908
nomlnaL {Purchaser aUo pays accrued Interest,
e
In London,
II
Coupon
116
128 >s
101 '8
119
No.Pac.AMon.,l8t,6s, 19SS.M&S
Coeur d'AL, l8t,g., 68, 1916.M&8
do Gen. l8tg.,6s, 1938... AAO
Cent.WasU'n, 1st g.68.1938.M&S
North. P. Ter. Co.— Ist, 6s, '33.J&J
N. W. Nor. Car. 1st 6s, 1938. .A&O
Norw'h AWor. IstM.. 6s.'97.. M&S
Ogd. A L.Cham.-Con8.68,1920.AAO
Income, 6s, 1920
Ohio I. & W.— 1st pld.58,1938..Q-J
—
Ind.
Ohio
isfifi
106
107
127
BL & W.— Ist,
pf., 7s,
1900..
& Miss.- Cou8.,s.fd.7s,'98 J&J
Cons, mort., 78, 1898
JAJ
2d consol. mort., 78, 1911. ..AAO
iBt.Springf.Div., 78, 1905. .MAN
102
105 1«
112
106
103
108
991*
(109
)104
|119
111
IO414
121
iis"
111%
112
118
114
94
J&D 90
iBt gen., 5s, 1932
100
Ohio River RR.— Ist. Ss, 1936.J&D
A&O
87
Gen. gold, Ss, 1937
Ohio Southern— l8t 68, 1921 .JAD 107 110
II8I4
M&N 60
Gen. M. 48, 1921
120 122
Ohio Valley- Gen.M., 5 g.,1936.J&J
100
F&A 111 112
Old Colony— 6b, 1897
lOJ
J&D 1071s 108
6b, 1895
lol
M&S J107'» 108
7b, 1894
4158, 1904
A&O 5107 109
4iss, 1897
J&D S102 103
117
el 15
J&J i 1051s 106
4s, 1938
114
10276
B. C. F. A N. B., Ss, 1910 ..J&J JU2
107
126 127
N. Bedford RR., 7s, 1894 ..J&J 5106
1091s Omaha A St. L.— 1st, 43, 1937. .J&J
571s 53
106 108
Orange Belt— IstM., 3s, 1907. .J&J
99
Oreg.ACal.— Istos, 1927
JAJ e 98 100
121
ell9
Oreg. R'y ANav.— Ist bs, 1900. JAJ 107
93
ConsoL mort. Ss, 1925
JAD
921s 92%
25
35
Collateral trust rs, 1919.. ..MAS
12
6
Osw.&Bome— l8tM.,7s, 191S.M&N 123
122 1231s Ox.AClark.- 1st, p.ALgu. 68.MAN 102 104
130
Ist Interest guar., 68 1937. .M&N
99
Panama— Sterl'gM., 78. g. '97.A&0 el04 108
1081s
Subsidy bonds, 68, 1910
MAN e 98 102
115i» 119
Pennsylvania RK.—
115
Gen. M, 68, cp., 1910
J&J 128^8 130
Cons. M., 68,cp.,'o5.J.15&D. 13 117
107
112>4 115
CoUateral trust, 4isa, 1913.. JAD elOrf 111
lb2
Consol. 58, cp., 1919
M&S 112 ....•
135
133
Equiii. Tr. 48, series A
Q— el02 104
132
Penn. Co., 68, coup., 1907. .Q.—
106 "s
108
Penn. Co. 1st M.,4iss, 1921,r.JAJ
1061s 107
. .
off, t
In Amsterdam.
;la Frankfort
Germany
Uarcu
THE
21, 1891.1
CIIRONICLEL
456
QENEKALi QUOTATIONS OK 3TOOK3 AND BONDS—OojrriHaBD.
For BKplan«tlon« we Nolea at HeatI of rir»l Page of Quotatlona.
Bid.
Railroad Bordi.
A8k,
Penn.* N.Y.ran.-lBt.78,'96.J*n Tn>i
moo
l(itmort.,7i<,
RK. niiuol. 4».
A
1939
J&D
A&O
120>«
100
A
JAJ
N. W.-Sd, 11130
Pa. P. A Koat.-liit, (in, 1930.. JAJ
PPiia.A Atlanllo-lBt. «8,19i:i.K&A
Peo. Deo. A Kv.— Int. 6», 1920 JA.I
r.'iin.
104
MAN Ti
6».1920.MA8 100
77
79
Ppnrla A KaBtem-Cens. 48, 1940.
18
20
Incon)e4B, 1990
Peo.4 Peklu Or -Ut,6B,1921.q-K llOif
2(Imort. 4>«B, 1921
MAN eo 67
PerUomen— iBtBer. 58, 1918 Q-J
98
Zd Berles 6b, 1918
Q.— e 95
PBtprBl«iirR -<'la«B A, 58, 1926. JAJ 105 14
AAO 106>i
das'. H, (is, 1926
2dmortKi>K«. Sr, 192U
Kransvllltt Dlv.,liit
.
riilla.AK.-«Bn.irimr.,6B,K.,'20.JAJ el26
AAO
1920
AAO
1920
Siinli. A Krio— 1st, 7e, 1897..AAO
Fhila. A Read'g— iBt, 6s, 1910.JAJ
Oenorni
General
Ss,
48,
AAO
2d, 78,1893
iim
128
98>«
109i«
Ci>n80l.M.,78,1911,reK.Aop.JAD 128
125
JAI' el23
eonaol. mort., 68, 1911
108
IniproTeiuentiuort.,6a, '97. AAO clt6
101 <« 102
Cons, ."is, Iet8erie8,1922
MAN
Deferred income 68
New gen. uiort., 4s, 1958. ...JAJ 78^ 79i«'
prif. inc., 58, gold, 1958.. ..F
Zdprcf. Inc., 5b, gold, 1958.. ..F
3d pref. inr., 5b, Kold, 1958. ...F
Sd pref.. Inc., .'s, convertible.. .F
Pblla. Wll.
Bait.—68, 1892..
68, 1900
5s. 1910
Trust certs. 4b. 1922
Pled. Arunil).— l8t, 08, lOll.FAA
PlttBb.C.A 8t.U— l8t,7». 1900.FAA
Pltt8b..^i.*Tol.— l8t, 68, 1922.
Plttsb.ACou'UBV.— l8tM.78,'98.J.feJ
Ifet
AAO
AAO
J&D
A
MAN
AAO
Sterling eons. M. 68,g.,giiar.JAJ
PittBb.Ft.W. A C.-l8t,7s,1912 Var
Var
2d mort., 78, 1912
AAO
3d mort. ,78, 1912
Plttsb. Juno. 1st 63, 19J2
JAJ
PlttBb. A Lake E.-2d,5B,1928 AAO
PtttBb. MoK.A Y.— l8t,68,l932.J*J
49
32
35 14
28>«
RAILkOAD BORDI
Railkoad and
Bid.
Bid.
110
lOS^i
109
103
ioi"
33*4
101
103
101
84
109
94
40
lOS
IC4
iniSCKLI.ANKOITS HONHN.
Amer. BtllT<!leph'e-7s, 1898 FAA^111% 112
2(1 mort., 68, 1931
JAJ 71
In(!ome68, 1931
100 3j 3o. Pac, Ariz.— l8t,68,1909-10. JAJ lom
1)1
JllO
80 Pao.Cal.-lst,68,g., 1905-12 AAO 112
113
4lc5^ 107
Isf con. g, 5s, 1938
AAO 100 108'
97 «i 98°e 80. Pac. Branch— Os, 1937
AAO 107
101
So. Pac. Const— l6t gu., g., 4b, 1937
93
iii"
So. Pan.. N. M.— iBt, 6s, 1911 -JAJ 102
Spok. Falls AN.— Ist e8,g.,1939.JAJ 5
too
113 114
State L. ASul.-l8t6B, 1899... JAJ
110
e>26 128
Stat.lBl. R.Tr.— lst8B,g..l913.AAO liii" 120
140
2d mort. guar. 58, g., 1926 .JAJ 100 105
138
Steuben. A Ind., 1st 5b, 1914. .JAJ io;j
130
8anb.Ha7,.AW-B.— lst,59.1928MAN 103%
110 117
2d mort., Os, 1938, reg
MAN 98
Sanb. A Lewistown, 78, 1896.. JAJ no
28
Am.WaterW'sCo.— lst6s,1907.JAJ|
let con. gold 58, 1907
JAj'
Amer. 8teamshli>-6s, 1896. ..AAO| 105^1
Boston A ."aoutana— 78, 1898. .JAJ }102 103
87 >4 87>«
Boston United Gas— 5b, 1939. .JAJ
2d 58, 1939
JAJ } 75H 7«
108 113
CahabaCl MIn.— Ist g.7B,l 907. JAJ
Ches.
Chca.
A DeLCan.— Ist 58,1916. JAJ
Chic.
Gas
A Ohio Canal—6b.
JAJ
L. AC.-g. 58, 1937.. JAJ
Colorado Coal A f—6s,1900...FAA
.
^iiT
MiBCKt.. Boiro*.
St.P.HlnnAMan. -2d 08, 1909AAO U7~ II7i< Wabash— (Continued)—
Dak. Ext., 6a. 1910
IItt>«
MAN
8t.L.K.O. AN. (r.est.A R.),7b.M48 104 >•
l8t oonsol. 68, 1933
JAJ 114
do St. Oba'8 Brldga 6«, 1908 103
l8t consol., reduced to 4<i8 ..JAJ 101
103
do No. Ho., lat,I89»...JA.I 1C0%
Montana Ext., Ist, 48, ig37.JAD 88
86
WoitObe8ter-Can.7s, 1891. .AAO
Ulnn'8 D'n, lot, «», 1922 ....JdkJ 110
W. Jersey 4 At. lat M.,6sl010MAB lot
Montana Cent.— Ist. 68, 1937JAJ 114 US
WeatJersey-lat, 68,1896
JAJ 108
Ea8t'n,Mlnn.,l8t,g.,58,1908.AAO 100
l8tM.,7a, 1899
AAO 131
8t.P.ANo.Pa(<.-Gen.68.1923.r*A
West Shore—Guar. 48. 2361. ..JAJ 101 If
4an Ant.A A.Pa8B.,lst,68,1916.JAJ
74 >* WestVaCAPttts.- lBt,6s,19IlJAJ 108
iBt. 6b. 1926
73
74«. West Va.A"ltts.-lBt38,I990. AAO elO-i
JftJ
8anF.AN.P.-lBt,,^s,g.,1919...J4J
WcatMaryl'd- 3d en.,e«, 1900.J4J 116
iandnskyManBf.A N.— 1st, 7b,1909 116
90
We8t.N.Y.4Penn— lat..'(a.l937J4J
Sav.Aiu. AMor.ron.,6,g.,19l9.J*J
90
2d m.,3s g.— 58 80. 1027. ...AAO 32
lav. Fl. 4 W.— 1st. es, 1934.. AAO H06
HO
Warren A Frank., l8t,7B,'96 FAA 107 »»
At. A Gulf, con. 78, 1897
W'n No.Car-Oon.es,gaar.l914.JAJ 100
JAJ 108 112
Bo. Ga. A Fla.— lst,7s,t899.M4N 110
Hreat'nPenn.- l8tM.,6B, '98. .AAO 104
2d. 78, 1899
MAN 107 110
Pitts. Br., Ist H., 68, '96
JAJ 105
Sclot.V.AN.E -lst,g.,4s,1989.MAN
7478
Gold 48, 1928
JAD elOO
jeaboard A Koan.- 6s, 1916. .FAA 103
Wheeling A L. Erie— Ist.Sa,... 1026 106
68, roup., 1926
JAJ 100
Wheel. DlT., lat, 88, 1928 ... .JAJ a 90
Seat.L.S.AK.- l8t,gold,08,'31.FAA 101% 102
Ex tens, and Imp, Sb, 1930.. FAA
Iham. Bun. A Lew.— 1st, .^8,'12MAN IGl
Wllm. Col. A Aug., 6b, IOIO ..JAD 118
SUam.V.APotta.- 7S.C0U. 1901JAJ 118 125
Wllm. A .No.- Ist, 5s, 1907-27. J4D
ihen.Val. -l8t.78.Tr. rce.asB.JAJ 125
133
ffilm. A Weldon— 7s, g., 1896. .JAJ iio'
Gen. M., 6b,1921 Tr. rco.aBs AAO
53
5b, 1935
JAJ
Incoint^, 6s, 1923
WlnonaA3.W.—l8t,6i,g., 1938. AAO
Shreve. A Hous.- lat, 68, gn., 1914
60
Wlscon. Cent.Co.— l8t,58t937.JAJ
iodug BayA .80.— l8t,5B,g.,1924JAJ
Incomes, non-cum., &8, 1937
80. Cen. (N.Y.)— Consol. mort., 58..
40
35
Wore. NaBh. A R.— 5b, '93-'9f>.VikT. 5102
,
9o. Carolina— Ist M.,Cs,1920.. AAO
107
Nasb. A Roch..<ruar..58.'94.AAOlSl03>«
Col AHock.C'lAfn-g.6s,19I7.JAJ
Comst'kTun.— l8tin.48,1919.MAN
70
87>» 88>a
i03>e 105
97
40
100
43
Consol. Gas, Bait.—68, I9I0. .JAJ 112>« 113
99
Consol. 58, 1939
JAJ
104>«
Oonsolid. Coal-Conv. 68,1897.JAJ
& Ene Juno.— Ist 78, 1900,
Syr.Blng.AN.Y.—con8ol.78,'06AAO' 5i-3TSyracuaeSt.R'y.— l9t.r)3,1920.JAJ 5
100
83
Con8.'GaMChlc.)l8tg.5s,It«36.JAD
Terre H. A Ind.— l8t, 7s, 1893 AAO
97
EdisonKlec.Ill.Co.— lBt8.58..19I0
Consol. mort., 5s, 1925
JAJ
Eq.G'(AF..Chio— lBtg.6B,l905.JAJ
Portl'ndAOgb'g— l8t6s,g.,.l900JAJ 5115 117
Terre H. A liOg'pt.— lst,gu.,6a.JAJ
Hackeub'kWat.- lBtg.58,1926.JAJ
PortRoyai A Aug.— lst,68, '99. JAJ lOB 103
Ist and 2d, 6s, 1913
ri(>nde:30n Bridge— 68, I93I..MA8 105
JAJ
JAJ 120
Income mort., 6b, 1899
Ter. Cent.-l8t,8k.fd.,78,1909MAN
45
40
Iron 8tc imboat C0.-68. 1901. JAJ
Porta.Gt. F. A Con.-4is8, 1937.JAD ;i03>« 1041s
78
Ist mort., 7e, 1911
MAN
48
LaclfdcGss.St. L.— 58,1919..Q—
78<4
Pres. A Ariz.
l8t g.68,1916.J AJ
Texas A New Orleans— lot, 78. FAA
109
116>s ix-hlgh C. ANav.—M.4»sB,19I4.Q—
2dlno. 08, 1916
JAJ
tebine Div., 1st, 68, 1912. ..MAS 102
RR. 6b, 1897
Q-F i08* 109
Prov.A Worces.— Ist 68,1897.AAO
Tex. A P.-Ea8t.D.l8t68,1905.MAS 107
Convert. 68,1894
MAS 102 105
Rulelgh A Oaston— 88, 1898. ..JAJ 117
JAD 87»s 87% Mort. 6s, 1897
1st gold, 6b, 2000
ISJAO Hi's 112
Ron.A8'toga—l8t 78,1921 con.MAN 145
Mch 30
2d gold inc., 6b, 2000
31
Consol. mort. 78, 191 1
J. AD I25I9
118
Eicli ADan.— aen.m.,6B, 1915JAJ
Third Avenue l8t 58, 1937
JAJ no's 111
Greenwood Tr. 78, 1892
F.AA 101
84'
Debenture, 68, 1927
AAO 101 103 Tol. A. A.ACai.— l8t,63,1917.MA8
lOlic
Gen. mort. 4Jss, 1924
Q—
Con. mort. gold, 68, 1936. ..AAO
87>s 90>« Tol. A. A.AGr.T.— lst,68,1921.JAJ 107
108
Mut.Un.Tel.— SKg.fd.6s,l 911. 5IAN 102" 104
Equip. M.S. f. 5s, 1909
MA8 e 86 88 Tol. A. A.AM.P.— lst,C3,1916.MAS
Nat.St'rchMf.Co.-l8t,g.68,'20.MAN
Blch.Fr.AP.- Con9.4ii8,1940.AAO
rol.A.Ar.AN.M.— lst,68,1924.MAN
96>t New Eng. Telephone, 68,1899. AAO idi" ioi>«
Rich. A Petorsb., 6s, 1915. ...MAN
Tol. A Ohio Cent.— Ist, 58, gn.l93S 105
106 >s New Eng. Terminal, r>e, 1909. FA A "17" 26"
RIcli. York R. A Ches., l8t 88, 1891 105
109
Tol. A O. C. Eit.-lst, 5b, g., 1938.
New OrloanB Pac.- land grants...
2d mort., 68, 19C0
MAN 100 105
89
Do do Ruar
N.Y. APorry O. A I. 1st g.fs. 1920.
90
5 ....
Rich. A West Pt.Ter., 68, 1 897. FAA
97
98
Marietta Min., Ist, 6s, g., 1915.. 100
105
Sorthw'n Telegraph— 78,1904 JAJ 103
Con. col. tniBt, iBt, 5s, 1914. MAS
691s 69!^ Tol.PeoriaAW.— l8t.48,1917....JAJ
73
Ocean SS. Co.— l8t 6b, 1892. guar.. 101 103"
"86"
Rio Grande Wf st. Ist 4 s, 1 939 JAJ
7o>s 76
Tol. 8t.L.AK.C.,l8t,68,1916...JAD
Oregon luip.Co — Ist 68,1910.JAD 99 H 90%
Rio(;r'deJunc.l8tgu.5s,10.)n.JAD
90
Troy A Boston Ist 7s, 1924... JAJ
AAO 67?B 67>a
Consol. 58, 1939
Rome A CaiTollt.— let. Us, g., 1916 90
Ul3ter ADel. con., 5, 1928....JAD
JAJ 59
Penn. Canal— 6s, 1910
BomeWafuAO.-S.F.,78,18»l.JAi) 103>s 104
Gcn.B8.1908.M48 107
MAN 103 >4
1917
United Co'bN.J—
Penn. Steel— 1st 58,
2d mort., 7s, 1892
JAJ 103
gen. 48, 1923
FAA
102
People'BO.AC.Ch.-l8t,6,g.'04.MAS
do
115'
Consol., extended 5e, 1922. AAO 114
MAS
JAD
96%
gen. 4s, 1929
2(1
1901
do
do
Ratlanu- l8t M., 63, 1902. ...MAN IIOI4 1101*
68,1894
MAS 106
sterllngdo
Phila. Co.— 1st skg.fd.6s,1898.JAD
Equipment, 2d 5s, 1898
FAA 5 99% 100
68,1901
MAS 1I5>«
FAA 43 »
do
Po'k'psioBridKe-Ist 68,1936
at.Jo.&Gr. Isl'd— l8t,guar.68,1925.
83
109
Proctor A Gamble Ist 68. 1904.... 5
anion Pacifle-l8t,6s,g, 1896.J^tJ
Sd mort.. incomes, 5s, 1925
15
JAJ
111
St.L.B'dgeATun.- l8t78,1928.AAO el30 133
iBt, 6s, 1897
Kan. C. A Om. 1st 58, 1927.. JAJ
73
JAJ
112% Tenn. Coal Iron A R.—
iBt, 6b, 1S98
BtUAlt.AT.n.- l8tM.,7B, '94. Var 109
AAO 90 92 la
JAJ 113
Tcnn. dlv. lat 68, 1917
iBt, 69, 1899
2d mort., pref., 78, 1894
92
Var 105 107>s
95
MAS 107 108
BIr. div. Ist con. 68, 1917... JAJ
Sink. F., 88, 1893
2d Income, 7s, 1894
107>«
MAN 105
119
W'n Un.— Deb. 7b, 18T5-1900..MAN 113>«
OoQ. Bridge, 8terl.8B,g.,'96.AAO <1I5
Div. bonds, 1894
MAN
53
JAJ
OoUaterai truBt, 6b, 1908
Deben. 78, 1884-1900
"oa'i 100
BeUev.A8.111.,l8t,8.F.88.'96.AAO 113
iisK
JAD
Collateral trust, 58, 1907
Collat. trust cur. 5>, 1938... JAJ
Bellev.A Car., 1st 68, 1923.. JAD
Wbltcbreast Fuel gu. 6s, 1908.JAD
Collateral trust 4'iiS,1918..MAN
68
Ch.St. l..&Pad.,l8t,g., 58, 1917.. 100
AAO t 83ie
STOCKS- KAiLKUAD. Par.
E(iuipmont Trust 58
et. L. Siiuth., Ist, 4s, 1931. .MAS
9«8 10%
FAA
78
109
Ala. 6t. South.— A., 68, pref.,.«10
KauB. Pac, 1st, Os, 1895
do 2(1, income 6e, 1931 ..MAS 40
3'j
£10
4
JAD
B, common
do l8tM..68, 1896
Carb. A8haw.,l8tg.48,1932.MAS
1
2
80
Ala. N. O. A Pac, Ac, A, pref. £10 e
do Den. Ext., 6s,1899.MAN HI
et.t..Ark.A Tex. Ist Trust Receipt*
do
B, def..£10 «
do
>4
%
79M
do l8tcon8.M.,(>B,1919MAN 110 110%
2d m..6s, ly36,allas8't8(,'d.FAA
85
17
18
Alabama A VickBburg
Oen.Br.U.P— A.AP.P.68,'95MAN 104
Ist 4s. certs., wlion istusd
Albany A 8asqneh.,Ouar.,7...100 160 170
68 >« 69 >t
Fund, coupon 78, 1895 ...MAN 100
do
. 2d 4s,
do
30
32
80
87
Atchison Topeka A Santa Fe.. 100
Atch.Col. AP.,lst,fiB,1905Q.—
26>t 8«%
Bt.UlronMt.ASo.- l8t,78,'92.FAA 102 102H
9»
93
Atlanta A Charlotte Air Line ..100
AtJ.Co.A W.,l9t,6s,1905.Q,—
2d mort., 7b, g., 1897
100
75 «.
98 101
MAN 107 >« 108
Atlanta A West Point
U.P. IJn. A C. Ist.g.,58'I8AAO
Ark. Br. 1. gr., M., 78, g., '95.JAD 106
100
S*4
108
74 "a
Atlantic A Paoltlo
Oregon SUort-L. A U. N. Consol..
46b
Cairo Ark. A T.,l8t,7s,g.,'97.JAD 100
71
74
108
Augusta A Savannah.leased... 100 138 143
Collat. Trust 53. 1919 ....MAS
Gen. eon. r'y A 1. g., 58.1931AAO
83
100 85
92 H) 92^8
BitUlmore 4 Ohio
Oregon Short-L., tis. 1922 .. FAA 102 103
8t Louis A Ban Francisco—
Ist pref., 6
100 127
JAJ 103
do
Utati 80., gen., 7s, 1909
2dbe,ol.A,lUOti
100 113>«
2d, pref
do Ext,lst,7B,1909J4J
100
do
MAN iim
2d M., 6s, olas8 B, 1906
100 125
Nor.— iBt .M.78.I908.JAJ
BoUOTlUe 4 So. lU., pref
MAN 111
Utah A
2dM., fe, olaflB C, 1906
JAJ
100 200 300%
Boston A Albany
MAN HI
Gold 5s, 1926
Istm. Mo. AW. 6s, 1919 ...FAA ei:o 120
100 177 173
Den.A(iulf con.,5.g ,I939.JAD
Boston A Lowell
80
U.P
Col. Trust, «, g., 1920
100 207 >« 309
Boston A Maine
FAA J
111
Ucloa A Bl'k B.— Mort., 78, '91 .JAJ
E(ittlpmeut 7e. 1895
JAJ 100 103>« Boston A N. Y. Air-Line, pref ..100 101 235'*
ConsoL4s, g. 1922
JAD 100
100 250
General mort.. 68, 1931
Boston A Providence
JAJ
108
Utlca 01ln.AEilng.l8t 5,1939... JAJ
General mort., 58, 1931
Boston Revere Beach 4 Lynn.. 100 176>« 177
JAJ
97
Valley of Ohio— Con. 68, 1921. MAS
Ist trust, g., 5s, 1987
26>( 88%
100
Brooklyn Elevated
AAO
Ver. A Mass.— Guar, .^s, 1903.MAN
93
Kan.C. Asw., Ist, 6s,g., 1916.. JAJ
100 85 14 3S%
Buflklo Rochester 4 Pittsb
Vloksb. Sh. A Pac. -Prior Uen, 6e,
Ft.S.A V.B.ISd.,lst,68, 1910.AAO
pref
100 77 »» 78
do
Va. Mldl'd.— I8t9er.,6s, 1906. MAS lis
98
3&
8t.L.K.ASo.W. -Ist 68, 1916.MAS
MAS 115
Burlington C. Rapids 4 North.. 100
20
2d series, 68, 1911
100
Kansas Mid.-let, 48, 1937. JAD
California Paoitic
11% 14
MAS 107
8d series, 68,1916
50 *
St. Louis Salem A ArkaDsas-88. t'95
3-4-58, 1921
MAS 80
Camden A Atlantic
4th series,
»
do
Prat
MAS 100
do
MAS tl07
6th Berles, 68, 1926
_ St. L. W. A W., 6s, 1919
100 49% S0%
MAN 86>« 88 Canada Southern
flt.L.Vand.AT.H.-lBtM.,78,'97.JAJ HI
General 5s, 1936
100 76, 77
2d mort., 78, 1898
guaranteed, stamped
Canadian Paolflo
soil 90
_,
MAN 106<<
do
SO
id, 7s, guar., 1898
Wabash-fst gold 5s, 1930. .MAN 100 100%;,Caynga4 Sosquebanna
MAN 109
8%
^0
Bt. P. A Duluth— Ist, 6s, 1931. FAA 105
FAA 78 73 lOatawlasa
2d gold 58, 1939
50 « S8>«
1st pref
2d mort., 58, 1917
series A. 1930... JAJ
do
Dfb. mort.,
AAO 103 104
50
3dpref
at P.MInn.AMan.— Ist7a.li)09 JA.I
do
3'i
Deb. mort.. seilwa B. 1939. ..JAJ
15
Pltt8.Paln.AF.— l8t,g...'is,1916J&J
A West.— l8t, 48, 1917. JAJ
PittB. Y. A Ash.- l8t,5B,lil27.MAN
Ashtabula A Pitts.— Ist 68. 1908.
PlttBb.
97
78
Susp. B.
SO
C—
.
M
,
I
I
*
Price nominal,
i
Purchaser alao pays aoomed Inteieak elnLoodoB lOoopoaoir. « Price par shair.
t
Id
Amatutfam
{
la rraokfort.
THE CHRONKJU:
456
QdiN'SRA.Li
QirOTATIO.VS OP
For K»plt»natl«nn see
RiLiLBOAi) Stocks,
Bid.
Railroad Stocks.
Aak.
STOOO AMD BON^DS— CoNTmaBD.
'Vote* at Hea<l of
Bid.
Ask.
87%
Hahonlng Coal RE. 50 75
7
Pref.. 50 100 14
do
117 120
147
vlalne Central .... 100 144
18
19
100
Mass
Central
100 221 223
36>a 371s Man. A Law'ce
pret. 100
do
100 113i« 1151s Vlanliattan, con... 100 103 105
Cent, of N.J
15
17
viarq. H. AOnt.. .100
50 8 4919
Central Ohio
90 100
Pref.. 100
do
Pref...50 « 85
do
8
2813 291s Maryland Central.. 50
Central Paoiflc....lOO
iis'
1 00 xll2
Maesawippi
Central of So. Car.. 50
30
Meuiph.A Charl
25
30
20
Char. Col. A Aug.. 100
20% 21%
100
(lexican Central
Ches. & OMo.171s 18»s aexioauNat., T.K.IOO
Vot. Tr. cert...
100 91
51
521s Michigan Cent
Istpf.lOO
do
81
75
an. Lake 8. AW. .100
do 2d pref.lOO BO'S 31
106
pref.lOO 103
124 127
do
Cbicaico& Alton.. 100
161
Mine Hill A S.H....50
pref.lOO 160
do
4
3h,
12
MlnneapA St.L...100
CMO.& At.,Ben.Tr.rec. 10
9
ao
Pref... 100
CWo.Bur. &Quin.lOO 78 58
Ills 12%
461a 47 k Mi>.Kan.AT., X. 2dM.
CI1I0.& East. lU... 100
201s 22
do
pref... 100
891a 901s
pref 100
do
66% 67%
55
55 Is >*t88our! Pacific... 100
Ohio. Mil. A St. P. 100
100 4II4 43
1121s Mibile AOWo
pref.. 100 112
do
103^ 101 Morgan's La.ATex.l00
CUo. A North w'n. 100
Morris A E'x, gu.,7.50
do pref., 7.100 130
96
66% 67 Naehv.Oliat.A St. L.25 92
Ohio. R. 1. APaclOO
23
Nash. A Decatur. ..25
26
O.Bt.P.M.&O.,coml00
78
Nashua A Ixiwell. .100 195 200
85
do
pref.lOO
Naugatuek
100 s247 250
Chic. A West Mich. 100 X 44<s 45
061s X squehoning Vall'ySO s 53
On. Ham. A Day. 100 105
88
60
63
NewH'n A North. .100 « 86
Clnc.N.O.AT.Pac.lOO
53
53
New Jersey A N.Y.ICO
Cln. Sand. A C.pf 50
27%
do
pref. .100
Clevel. Ak. A Col. 100 t 27
514
5% New London Nor.. 100 150
deve. A Canton.. 100
I711! ISis N. Y.Cent.A H.Riv.lOO lOlis 1021a
do
pref.lOO
5938 60i« N.Y.Ch.A8t.L.newlOO
I314 13%
Olev. C. C. A St. L.lOO
93
do
Ist pref.lOO
651s 66%
941s
do
pref.lOO
160 1,'>2
27
28
do
2d pref.lOO
01. A Pitt., guar., 7. 50
20
N Y. A Harlem ....50 267
Col. A Green. ,piei. 100
25% 26% N.Y.Lack.AWe8t...l00
Col. H. Val. ATol.lOO
OoLA Xen..guar.,8 50
181s 18%
1761s N Y.L.ErieAWest.lOO
SOH 52
do
Con. A Montreal—
Pref.lOO
Cl.I (B.C.AM. pf.lOO 135
311s 34^8
1351s N y. A N.England. 100
160
109
do
Class IV. (Cone.) 100 155
Pref.lOO lOS
150
N Y.N H.AHartt.lOO K30 240
Con.APorts.,gu.,7 100 140
Conn. APassump.lOO xl20 12OI4 N.Y.ANorth.,com.lOO
18"
20"
do
Connecticut River] 00 x218 218i«
pref.lOO
17i« 17%
N.Y. Out. AWest-.lOO
Cons, of Vt.,pref 100
401s 41
N. Y. Phil. A Norf.lOO
Current River
10
14
K
Danbury A Norw'lk.50 « 53" 55" N.Y. Prov. ABostlOO
8I4
N. V.Susq.A West'nlOO
76
Day. A Mich., gu.. 50
glfl
do
32
do pf.,gu.,8.50
Pref.lOO
33
1751s
N. News AMlss.Val.Co
70
Del. A Bound Br'klOO
15
Delaware* Hud. .100 132% lo4 N irt.AWest,, com. 100 14
15
Del. Lack. A West. 50 133% 134
do
pref.lOO
53%
5-2!t
N<. Pennsylvania.. 50 » 81
Del. ANewEng...lOO
5
Deny. A Rio Gr. ... 100 17
171s Northern Central ... 50 8
65
do
57% 58I4 Northeastern
pref.lOO
48
5C
50
511 Sorth'n N. Hamp.lOO 136
Des M. A Ft. D'ge 100
41s
136%
!f orth'n Pac, coin 100
15
20
do
pret. 100
27
2714
Det. Bay City A A.lOO
do
Pref.lOO
71
71%
Det. HiUs. AS. W.IOO
S6is 87
Sorw.A Worcester, luo 181 181%
Det. Lan. A North.lOO
10
Ogd. A L. Champ. 100
4% 6
do
Ohio AM18S..
prel.lOO '36>t 40
100
16
18
Dulntli 8. 8 AAtl.lOO
414
do
5%
Pref.lOO
do
12
14
ulo Southern
pref.lOO
16
100
19
6i«
E. Tenu. Va. aiGa.lOO
7
Old Colony
100 166% 167
do l»t pref.lOO 50
60
Om.ASt. L
100
do 2d pret.. 100
15
do.
pref
161s
100
EMt Pennsylvania. 50
53
Greg. R'y A Nav 100
70
73
Eastern (Mass.pf.lOO
Or. s. L. A Utah N.lOO
23
21
Eastern In N. H...100 108 ItSi* Pennsylvania RR. .50 SII4 51%
Ellz. Lei. A Big 8.100
10
15
Penn. A Northwest.50
ElnUraA W'uisp't 50
Pensaoola A Atlan.lOO
2% 3%
do
Pref
"eoria Deo. A Ev..lOO
50
18% 19%
Evansvllle A T. H. 50 115
118
Peo. A Eastern.... 100
8
Fltohburg, Pref. ...100
Petersburg
831s 84
loO 78
80
Flint APereMarq.lOO
23
Phila. A Erie
50 < 28
30
do
pret.. 100
Phil. Germ. A Nor.. 50
76
77
Fla.Cen.A Pen.
Puila. A Read. cert. 50
29% 29%
V.Tr. Cer
61s Phila. A Trenton 100
do Ist pref.cum.ioo
enua. Wilm.A Bait. 50 a 55% 56
do 2dpf non-cum. 100
Pitts. Cln. A 8t. L..50
Georgia Paclllc...lO0
10
Pitts. Cln. C.ASt.L.lOO
7
14
15
Ga.KK. AB'kgCo.lOO 105 208
do
pref.lOO
50
52
Gr. Rapids* Ind .100
2
Pitts. A ConneU'e..50
Gt. North. Ky. pref..
86
h7
.-"IPls.Ft.W. A C.,guar.7 149
160
8i4 Pitts. Junot
Gr.B. W.ASUP...100
7ii
»"20
50 > 20
24
do
Pref... 100
14
20
Pilts.M.K.&Tough 50 115
Har.Por.Mt.J.AL..50 77
f itts.Va. A Chanes.SO > 45 47"
Hartf 'd A Ct. West.lOO
Pitts. A Western... 50
Housatouie pret. 100
45
do
Pret.. ,50
34
37
Hous. ATex.Cent. 100
2
3
Pitts. Youngs.AAsh. 50
Hunting. A Br.Top.50
2lie 22
do
pref
50 <
do
Pref.50
43% Port. Saoo A Ports. 100 128 I2SI4
„„
Ullnols Central ... 100
93
96
Port Royal A Augusta
13
18%
do leased l.,4p.o.l0<>
90
Prov. A Spring
97
100
Iowa Central
loO
Prov. A Worcester. 100 247% 248
6
7
do
Pref.lOO
21
Reus. A Saratoga. 100 175 185
181s
Iowa F. A Sioux City
Rich. F. A P., com. 100 118
122
Kan. A Mich, certs....
13
15
Rtohmoud A P'b'g.lOO
108
Jefl.M.Alnd.,i'd.loo
50
Rloh.AW. P.TerT.lOO '170; 17%
Kan.C.Ft.B.ikaieui.lOo
62
do
Pref
100
72% 73%
Kan.C.Ft.8.AG.pf.l0O 125' 126
Richmond York R.AC. 92 100
Kan.c.Heui.A bir.lto
30
Rio Grande West. 100
35
36%
Kan.C. Cl'u A 8p'd. 100
7
do
pref.lOO
70
73
Kentucky Cent
100 40
RomeW. AOgd...l00 130% 132
Keokuk A Des M..1C0
31s
Rutland
100
4% 5
do
pref.. 100
7
do
Pref., 7. .100
„
62% 63
Keokuk A West'n 100
St. Jos.AG'd Isl'd.lOO
Klngsi'u Al'em br'keSO
St. Louis A Cairo.
l«ke Erie A W....IOO 14
1414 8 fcLoulsAlt. A T. H. 100
30
36
do
_ „,.
Pref.lOO
56
57
do
Pref.lOO 125
,
Bh. A MIob. S0..IOO 110%
110% „ L. Ark.A T. reclOO
St.
9% 11
J«hlgh VaUey
60
49>( 49=8 8o.L.A8.F.l9tpref.lOO
55
little Hlaoul.....
60
00 165 166 |Sc L. Van. A 1'.
H.lOO
5
little Sohu'li'l
60 661* 69
St. Paul A Duluth.lOO
26
27
lonxUluid
50
87
90
do
Pref
100
U>a. Evans. A St. L.lOO
89
92
28
8t.P.Minn. AMan.lOO 107
do
108
Prer.lOO
,
57
65
Shore Line.
100 8169 171%
lOUav. A NasUv..l(K) 73
>s 73% South Carolina
100
8%
Louisv.N.A.&thlc.lOO
2i
26
South. Cal. pref.. ..100
fouls, bt L.A Tex. 100
12
Southern Pao. Co 100 30
louiBYiUe Mouth'n. 100
30%
10
8'we8t..Oa.,g'd. 7.100 127
130
price u. mlnaL
4 Purchaser also pa; « accrued iuiercst.'
&
6
Minn. ..100
Cedar F.
Cent, of Georgia... 100
. .
.
.
r
.
_
. .
.
„
.
.
.
.
k
I
r
i
U
.
[Vol. Lfl.
.
<
Wlmt Page of <ta»t«tlo«n.
M18OEL. Stocks.
Bid.
Snininlt Branch. Pa. 50
Bimb'ry A Lewiet'n..'0
1
TeiTe H. & Ind'nap.50
Texas A Pacific... 100
Tol.
MisCEL. Stocks.
Bid.
A:
Local
84
18ii
38
80
A
Ohio Cent'1.100
do
Pref... 100
A West.lOO
19
Seeuriiies
60
Tol. Peor.
except
in
3d of month.
87%
TELEGRAPH.
14% American District. 100
15
Amer. Tel.&Cable.lOO
21
Cent. A So. Am. Cable
100
230
Commerl Cable ColOO
D. N.J.RR AC. Co.lOO 229
45»8 Franklin
anion Pacific
100
453a
100
22% 23
Gold & Stock
Un.Pac. Den. AG.IOO
100
Mexican
ntlca ABlackRiv.lOO 135* 17.-1
100
Northwest, gsar
Vt.A Ma88.,l'8ed.6.100 138% 139
60
Pacitto & Atlantic
Virginia Midland 1 00
9
10
Postal Tel. Cable
Wabash RR
100
pref.. 100
17% 18%! South'n A Atlantic. 25
do
Western Union
Warr'n(N.J.).l'8'd,7.50
100
West En I (Host.). ..50 81% 82
85% 85%
do. pref. (Bos.) 50
American Bell
West Jersey
50
100
39
Erie
West Jersey A Atl. . 50
100
13
Hudson River
Western AIaryland.80 8 11
100
Mexican
West. N.Y. A Penn. 100 s 8%
10
31
32% N.Y.A New Jersey.lOO
Wheel. AL. E
100
70
72
New England
pref.lOO
do
100
Tropical
WII. Columbia* A.lOO 107
10
Wilmington & Nor.. 50
WUra.&Weldou, 7.100 106
CO'S
Am. Loan A Trust.lOO
Divld'nd obligations 115
I9I4 19% Atlantic
100
Wisconsin Cent. ColOO
55
56
Brooklyn Trust ...100
do
Pref.lOO
Central
Wor.Nash.A Roch.lOO 124% 125
100
Continental
100
COAI. Sc MIIVING
Farmers' Loan A Tr.25
STOCKS, N.V.
100
Cameron Ir.* Coal 1 00
% 1% Fr.anklin
37
38
Holland
100
Colorado Coal A 1.100
16
17% Kings County
100
Col. AHook.O. &T.100
23% 26 Knicljerbocker
100
Consol.Coalof Md.lOO
8% 10 Long Island
100
Homestake Min'g.lOO
15
20
Manuattan
30
Lehigh A Wilkesb.Coal
15
17
Mercantile
100
Maryland Coal
100
70
75
Metropolitan
100
Minnesota Iron
1(X)
9% 11 Nassau.
100
New Central Coal .100
N.Y. Life A Trust.lOO
N.Y.APerryC.AI.lOO "39
41
N.Y.Security ATr.lOO
Ontario 8il. Min'g.lOO
Peoples' Brookly nlOO
Pennsylvania Coal. 50 260 310
6% Real Estate L.A T. 100
Quicksilver Min'g.lOO
40
38
State
100
do
pref.lOO
35% 36% Union
100
Tenn.CoalAIronColOO
85
90
United States
100
do
pref.lOO
Washington
100
1-450. 1-750-
Tol.8t.L.AK.City..l00
do
Ask.
BR'KLITN
HORSE RKS.
N.Y.
13% 14% Chronicle each week
Ann Arbor A N.M
rol.
Ask.
5%
81
82
160
106
25
109
pref..
. .
i
33
98
200
85
60
2"ld~
65
39
'so"
81
81%
199
199%
TELEPHONE.
47%
.
98c.
48
1020
97i»
95
50% 51
65 c.
7;o.
TRUST
i
,
5
7i«.
400
480
1000
,,
725
270
210
IhO
180
130
26 >
275
LIOHX,
dec.
700
195
2%
Edison Gtn. Elec 100 100
75
Edison III. Co. of N.Y.
75
Bklyn.
Edls'n Phon .ToyMf .Co.
Ft. Wayne Eleo. Co.. 25
Julien Electric Co
Do Traction Co
'
Spanish-Amer. L.
45
25
9
6%
do
do Serb...
Thom.-H. lnternat.lO0
do
prof.. 100
Thorn. Welding Co.lOO
do Europ.W.Co.lOO
U.S. Electric Co.. 100
U. 8. lUumlnat. Co.lOO
Westiughouse El. L.50
I
Gas .100
50
I
UAS STOCKS.
Bait. Consul.
Baj' State
5
105% American Cattle.
76
Am. Cotton Oil. ...100
77%
do
pref.lOO
do
1
2:^%
23 >
121
Iron war. 100
Amer.Sug.Ref,Co.cts.
78i»
75
85i« 86
pref.cts.
do
Am. Tobacco Co., pref 100 101
Asplnwall Livnd
10 8 8
8%
Boston Land
10 8 5%
511
3i«
Boston Water Power
« 3%
46
26
10
7
25
Brunswick Co
100
Canton Co. (Bait.). 100
11%
O. J. K'y's U. St'k
s
4%
14
54
100
5
16
60
Yds
do Pref
OlafllnCo
62
25
35
12
60
20
85
100 104 107
do Ist pref. 100 MOO 103
do 2d pret. 100 ^100 103
47% 43 Con. Kan. C.8. * R.,25
27% 27% iContinent'l Con.Almp. X 8% 9
122
25 120
Citizens'
20
83
Fulton Munlcip.lOO 130
Metropolitan
100 103
Nassau
25 134
People's
10
88
WUliamsburg
50 12)
Cambridge, Mass.. 100 201
I
21
21%
45% 46%
American Expres.lOO lib
44
45%
East Boston Land. .. s 3'»
4
Frenchman's Bay Ld. « 5%
6
Hackensaok iVater, 25
pref., 25
do
Henderson Bridge. 100
100
lUiuois Steel
69
70
Iron Steamboat... 100
5u
Keeley Motor
i
4
122% Dist.&C. Feed. Co.lOO
125
91
132
107
90
132
2u3
Lamsou
Store 8er. .50
LelilguCoal ANav. 50
22%
9
10%
Chelsea.Mass
100 113 115
Chicago Gas
100 4318 43%
Clncin. G. & Coke. 100 207
208
East Boston
25
43% 44
Hartford, Gt., G. L..25
Jamaica PI'n.MasslOO xl60 163
Jersey CityGas Light.
Jersey
Hobok'n 20
Lawrence, Mass. 100 142 145
Louisville Gaa Light. 132
133
Lowell
100 250 260
Lynn, Mass., G. L.,100 158
159
Alald. A Melrose. ..100 143
145
18%
18%
46%
Lon.*N.Y.L.&[.Co..50
Mauh'tt'n B'ch Co.lOO
Maverick Land
10
t
6
2%
Maxwell Land Grant.
52
Mex. Nat. construct'n
12
Morris Can., gu. 4.100
do pf..gu.l0.100 195
54
Mt.Des. AE.8.Land.5.
C*
40c.
45e.
79
79%
Nat. Cordage
do
. .
Pref
National Lead Trust..
Nat. Linseed Oil Co...
Memphis Gas
30
35
2d Pref
N. Orleans Gas L.lOO 101% 102% N. y. Loan A Impr't
New York CityNorth AmerlcauColOO
Central
Consolidated
Equitable
50
90 [Northwest Equip. 100
100
95
96
Oregon Improve. .100
100 116 118
Pacific Mail 88. Co.lOO
Mutual
100 117 120
Pennsylv. Hteel...lOO
Standard Gas.pf.lOO
82
100
Pough. Bridge
87
Newton A Wat'n..lOO 176 178
Pulliu'n Palace CarlOO
Phila. Co. Nat. Gas. 50 8 12% 12% San Diego Land.,.
Pittsburg Gas Co.. .50
70
!st.Louis B'dge,l8tpref
Portland, Me., G. L.50
100
76
78
2d pref. cert
St. Louis. Laolede.lOO
15% 15% St. Louis Tim. RR.IOO
do
pref.lOO
45
65 lat. Louis Transfer Co.
Salem, Mass
100 120% 121
Standard Oil Tr't.lOO
San Francisco Gas ..
59% 59% iTex.APac.L'dTr.iOO
Wash'ton City G. L.20
100
U. S. Express
Id limdor.
< Quotations dollars |ier »liaip.
i
I
18
10 Ih 103
18% 183a
39
41
40
Nat. SUrchM. Co.lOO
Isl Pref.
110
115
a.->
50
170b
17''»
25
29
36^
l|
I
'
I
I
I
115
39
Tr.rec.lOO
Brookline (Mass.)L'd5
Brooklyn, L. I.—
Brooklyn
Charle8t'n.8.0.,Ga8.25
Chartlers Valley. .100
205
163
205
810
815
Am. Pig
103
Brookliue, Mass. . . 100
2021*
TKIjSTS.
Adams Uxpie8s...l00
Am. Bank Note Co.. 50
A P.
TUo!n.-H. Eleo.Co...25
do
pref. .25
do T.Sec.Ser.C.lO
195
8 JO
805
175
720
STOCKS AM»
42% 52%
Consolidated
100
Con. Eleo. Storage
28»
.mSC*L,l,ANEOCS
70
100
Brush Eleo. Light. ..50
Brush Illiuninat'g 100
Brush, Bait
22a
170
200
lliO
,
ELECTHIC
i'so
3"o"6
March
THE (JHRONIOLK
31, 1891. J
457
QEMEUAL QU0TATI0X3 OP STOOKS AND BONDS— Concluoid
Por BxpUnatlon •• NotM at Head of
3f AMUrACT'O
Aak.
UlSCBLLANEOUSST'KI. Bid.
STOCKS.
Bid.
Bank Stocks.
Alk.
Pooasset (F.R.) ..100 |102
Rich. Burd'n(F.R.)100
Rol>eson (F. RIv.jlOOO
145
Wells KufKo Kxp.lOOl 140
West Kill) IjiniUnoKt.),* 31>«
15
do. r Co. ....
WMt'ii Union
OS
Westliii2li.AirBr'ko.S0< 94
SaKamoie
I
1'70
C'uiis
Stcrk Mills (N.H.) 1000
110
100
Belle (hIo
100
•01
60
•10
Belmont
BestA Belcher
Weetamoe
Bodle
Breeco
100
1-00
Bulwer
100
•88
•40
•59
Caledonia B.H... .100
(F.
R).100
jYork Co. (Me.). ...760
Ualtliiif>ro.
•<J5
Consol. Uallforiila.lOO ll^OO 12-00 Bank of Uaitlmoro.lOO
Bank of Commerce. 16
Con. Imperial
300
100
50
Clirysollto
Ciil.
10
20 Com. & Farmers'.. 100
30 Fanners' B'k of Md.30
12 00 Farmers' A Merch.lO
Farmers' J^Pianters' 26
1-26: First Nat. of Bait.. 1 00
Oenuan American. 100
Citizens'
•18
•29
Comatoiik Ttinnel
Consol.
& Va
100 "i'ii
Crown Point
•9&
Dead wood
Denver City Con
•60
Dunkln
jHoward
40
El CUristo
100
•25
•1»
340
Gould & Curry 8.. 100
Hale ti Norcross..l00
2-20
315
KlDKS.APembr'ke Iron
10
10
Lead vllle Consol
Little Cliltf
50
Mexican U.di 811 y.lOO
100
100
100
Boston National.. 100
50 Boylston
100
20
Broad wav
100
46
Bunker Hill
lOO
6^00
'Central
100
City
100
27
jColumbian
100
150 200 Commerce
100
560
Commercial
W)
Mono
Houlton
Navajo
100
Norlfi Belle Isle
Opliir
& MlUer
10
PboeuU of Arizona
Plymouth Consol
I
lOo
Rappahanock
i{
Robmsou Con sol
50
Savsne
Atlas
4-50 Biaokstone
400
50
i
I
01
30
325
Commonwealth. .100
Eliott
Sierra Nevada
Silver Kinj?
ICO
3-10
Standard
Union Consol
lOOl
lOOJ
3 50
Utah
15
Everett
ExchaiiKe
FaneuilHall
120
115
325
I
Yellow Jacket
100
100
100
100
100
Continental
Eagle
lOOl
lOOi
First National
Ward
100
Fourth National... 100
iFteeman's
100
,Fii8t
I
BosTovnii^iiivo.
'Globe
(See Facie 450.>
Hamilton
Hide & Leather
'Howard
nANVPACT'IiVO.
92
Amory (N.H.)
100 llS^'llS's
AmoskeaK (N.H.) 1000 2085 2090
Androscog'n (Me.). 100 145
117
Appleton (.Mass.). 10011 675 ,630
Atlantic (.Mii.i3.)...l00
9314 91
Am.Llnen(F.Rlv) 1100
100'
lOOJ
...100!
100|
Lincoln
1(X)
Manufactoters' ...100
Market
100
Market (Brighton). 100
'Massachusetts
iMaveilek
lOO'
100
100
100
ICO
125
Monument
100
1025 Mt. Vernon
100
190% New England
100
Best. Duck (Mass.)700' 1050 1190 North
100
Chace(FHllKivcr).100[
North Ameriia....lOO
Chlcopee (Mass.).. 100 '99J4 99% Old Boston
100
Cooheco (.V.H.)....500 375 3S0
100
People's
9J4 Redemption
Collins Co. (Conn.).lOi
9
lOOi
Continental (Me.). 100
15
20
100
Republic
Cres't .Mills (F.R). 100
47
Revere
100
Crista! .Spr. fll (F.R.)
Rockland
100
Davol .Mills (F.R.). 100 96
07's Second National. .. 1 00
Dwlght (Mass). ...500 776 780
lOO!
Security
Edwaids (.He.) .. lOOi 1-22 la 123
4hawmut
lOOl
Everett (Mas«.)..Ncw
Shoe & Leather. ..1C0|
821s, 81
Flint Mills (F.R.).100| 101
South End
lOO!
Franklin (Me.) ...loOi 1071s 108
State
lOOl
QrbeY.Mills(F.R.)100' 114
lOo!
SuflTolk
Oranite(l' R)....I000
'2371s Third National.... 100
GreatKalls(N.H.).100 lot 104 >s Traders'
100^
Hamilton (Ma88)1000 980 990
100
Tremont
Hartf Caipet (Ct.)100
100
99
Union
HUlOIe.)
100
lOo! 71
72
Washington
Hoi vtkoW. Power lOOl 230
lOOj
Webster
JacKsou (N. H.)..1000 990 095
lOOj
Wlnthrop
Kin )? Philip (F.R.). 100 108
110
Brooklyn.
Laeonla (.Me.)
400 610 615
1001
Bedfor.l
Lancd8frM.(.V.II.)400 620 625
Broadway
100
L'relLake Mills (F.R.)
100
108
Brooklyn
Lawrence (Ma8s.)100u 1445 1450 City National
50
Lowell (.Muss
60
090 680 685
(Joinmeicial
Lowell Blcachery. 100 138
100
140
Fifth Avenue
lowell.MacU.8iiop.500 800
100
810
First National
Lvman M. (Mass.). 100 69
69 14 Fulton
16
100'
Manohester(.N.H.) lOOi 151
Hamilton
156
Maes. Cotton
100
1 000
1015 Kings County
1010
Mechauk-s' (F. R.) ICX),
100
821s Lung IsUnd
Merchants' (F.R.) 100
30
110
Manufacturers
Merrimack, Mass) 1000 1110 1115 Mechanics'
50
Middlesex (Mass.).10o 130
& Traders'
130>s MecbanlOft'
Nashua (N. H.) ...f.oo 680 635
100
Nassau
10<i
Naumk. ag (Ma8s.)100 103 1031s North Side
Newmarket
500 3371a 310
Seventeenth Ward. 1'
Oshurii .Mill8(F.R.)l0i
100
Spraguo
Paclllc (Mass )... 1000 i795 isoo' 26th Ward
100
Pep.>erell (.\t«
100
...Mo 1315 13.')0 Wailabout
Barnali.v (Kail Klv.)...
,125
l!iO
Barnard Mfg. (F.B)..! ....
Bates (Me)
100 1421a
Boott Cot. (.Mass.) lOOOi 1355
BorderClty.Mfg (F.R.) 120
Boston Co. (Mass.) 1000 1020
Boston Belting
lOO' 190
!
90
Mechanics'
113
Merchants'
1360 Metro iioliian
J
1
1
i
I
I
I
]
!
1
)
.
.
)
•
Prices nominal.
t
Boston bank quotations are
all
103
160
Glr^
60
OIncliinatl.
1016 1020 Atlaa National ..100
Citizens' National. 100
Commercial Bank 60
100'
Kipiltable Nat
144
FiriliNatloual....lOO
17>9 First National. ..100
'National.. 100,
Fourth .
German National. 100
Market National.. 100
Merohanto' Nai'l.llO
N atlc nal Laf avette 1 00
ObloVaUey Kat'l 100
Kej
Philadelphia Nat'1.100
.Sevenlh Natlanil.lOO
Western National. .50
107
St. LonU.
266 'Amer. ExchanKe.. 60
125
Nat. Bank of Com .100
140
Commercial
.100
101
Oontlnen'.al Nat'1.100
2^0
Franklin
100
243
Fourth National.. 100^
206is International
lOO'
130
Lacle<le National . KK>
j
HO
270
3i;0
..
140
..
300
135
115
207
142
101
1137
Bank of California
First Nat'l Gold... 100
1
310
300
107%
121
162 >•
131
7S>*
282>a
270
168 >•
vfi"
Fire...
Connecticut
Hartford
National
Orient
Phrenix
Steam Boiler
New York.
lOia
136
131
.STOCKS.
Hartford, Conn.
i^tna
,
139
Alliatice
'Whitney National.lOO 317i« 330
210
123
161
IPIBE INSCIt'OB
'
Traders'
10
Union National... 100
I
121
iPaclflo
.
'
460
Angio-Califomlan
I
145
127
112
182
178
150
425
San Frauclnco.
1571s
i
143
126
111
341
106
120
Mechanics
100 2(0
Merchants' Nat'l. .100, 130
St. Ujuls National.lOO' 160
Third National. ...100 120
140
Western German.. 100 277is303
Nenr Orleann.
(American Nat
100 112 1131s
Bank of ( ommerce.lO 17
17\
Canal A Banking. .ICO 171
176
jCltiionB'
100 701s 72
"GermanhiNatlon'l.lOo 220
Hiliernia National.lOO 210
230
Ix>uislana Nat
100 220 235
Metropolitan
100 165 172
Mutual National .100 122 1126
New Orleans Nat. 100 700 '800
People's
60 121ia 124
Southern NationallOO, 1211s 123
State National. ...100! 157
L06
136"
.
137
Second National ..100 276
37
si"
50
100
100
1
180
106
260
ua'
.601
Nat Bk. N.LIIierlle«.60l
Penn Natliuial
50
376
:
20
...;,
;
U5
60
...40
.1.1..
.Manofact'rs' .Sat
;,
11
il
Kei.
Merhanira' Nat'l
lOi* Third National. ...100
76
20
40 Western
451
08
Boston.t
12 Atlantic
•38
•35
•05
•11
•30
Hi»l National
100
Fonril, Hr v .i'|...100
'
....
1
1^75 Union
20
Lacrosse
;
.
I
HomStlver
Iron Silver
Iron Uill
PotosL
1245
'Marine
30
Mechanics'
10
Meichants'
100
National Exoh'ge.lOO 130
People's
20 19
Second National.. 100 170
Third National.... 100
500
19
3-25
Fntlier.De8met....l00
Freeland
Eureka Consol
Oriental
1
I
BANK STOCKS.
360
'
(!••. R.)..100l
,Thorndlke( Mass. 11000
Treniont &«. Mass) 100
•03 Union C..Mf.(F.K.)100
WampanoBK (F.U.)IOO
|Wash1uKt'n(.Masa )100
45
65
•52
do
pref
107 >s 110
7'fSO
ChoUar
Bid.
Phlladplphla.t
Bank of No. AnierKX)
C'hoiitnut ftt. Nat 100
Cnininnjrial S»' .. 50
lOotnmn wealth Nat. 50
,
I
(
•10
,116
'
'
Tocumsch
Amerioau Flag
Alice
140
lis
100 260
Nat... 100 300
.1 Nat..
100, 147
.1 jual
100 824
FoilDeailiom Nat ...I lOJ
Hide and I.«atbcr. 100
.Merrhaiits' Nat
100 .^00
MrtroiioKtan Nat. 100 876
Nat. Ilk. of Anier.ieo 139
Nat.B'kof Illluois.lOO 245
Northwestern Nat. 100 806
Union Matlonai.. .100
iial
ii
Sladc> (Fall Rtv)..100
Stalliird (Fall Ulv.llOO
FRAN.)
Alta Montana
Astoni)
Baroolonn
blRIIBAICOC STOCKS.
i|
I
xon Nat.
I
(F.KIv.).l()0
BaliiiunFullA(N.It.)300
Shove (Fall Rlv.)..100
niNING STOOKfti
Adams
Bid.
<'b leant.
,
A SAN.
Pa«« of <kaotatlon».
-I-
WunerPulaoeCarCo
(N. Y.
PInic
American.
100 266>t 267
100 136 137%
100 328
100, 143
lOO 99% 100
100 199 201
50 98 102
100
lOOOi 76
..50 140
160
26 80 100
100 213 215
24 136 148
Citizens'
llOislll
American Exch'gelOO 1:4 156
20 110 115
City
70 120 i»o
1411s 142 llAbbury ParkNat..lOO
Commonwealth ...100 75
100 ICl
'Bowery
100 302' 312
90
Continental
Broadway
25 280
100 236 260
182's 183
Eagle
128
Buteher8'ADroTers'25 170
238
40| 225
1271s
Empire City
107 108
Central National 100
137
100, 80
90
Exchange
70
138 110 iCha8eNatlonal....lOO' 356'
30
85
60' 107
Farragut
110 111
,Cuatham
26 400
114
137
138
Chemlcl
100 4600 1900 File Association. 100 90 100
German- American 100' 280 310
111 115
City
100! 176
Germania
Citizen's
255 260
25 160 1170
60I 165
178
Globe
250
Columbia
50! 100
110
1301s 131
Greenwi( h
Commerce
123 125
100! 19'Z
26! 170
i»o
200
Guardian
Continental
100 138 142
100
55
60
1081s 110
Hamilton
102 ICorn Exchange. .100 249
15
86
101
00
Hanover
12313121
Deposit
100 110 120
147
50| 140
Home
100: 140
160
130 131
East River
25! 160
Jefferson
II3ISIII liEleventh Ward
25 200
30 70 100
Kings Co. (B'klyD).20 165 178
IHOO
115 ,116 (Fifth Avenue
100,
Lafayette (B'klyn).50| 75
88
300
Fifth National
1051a 107
Liberty
100 2000
so' 65
78
102 ,10219 First National
Mannf.A Builders' lOO] 100 108
Fii.stNat.ofStatenld.., 103 '112
99 lOJ
Nassau Brooklyn )..^0 140 150
Fourteenth Street.lOO' 175
110 111
National
Fourth National. .1001 171
70
172
255 260
37>si 65
New Yoik Fire
Ib7isil38
100
60
OaUatin National ..50! 308 ,320
70
Niagara
160
Garfield
100 350
157 158
50| ISO
70
25
giis 05
German American. .75 120 125 Norih Klver
80
170
German K.YchangelCO 320 310 Paclflo
25; 160
235 240
Park
55
:...100
70
139
Germania
ItO 30O
138
Peter Cooper
20 145 150
Greenwich
25 115
172% 173
People's
60 75
86
Hanover
100
351
138 139
Phenix (B'klyn)....50 1.50 160
Hudson River
100 118
130 131
Rulgeis
28 V20 130
116 116>» ImporUr»'4Tr...l00 510 560
StliHlard
106
501 100
Irving
60 190
169 171
Stityveaant
S5
90 100
13Ria 138
Leather Manufts. ICO 215 270
United States
26i 145
158
172 jLincoln
100 300
171
Westchester
Manhattan
10, 170 ,180
50 175 i'i'J
132 133
WUIIamsburgCl'7..50 320 330
Market* Fulton.. 100 225 236
153 155
Mechanics'
210
25
197
195
aHakink innvr'MechaulcViTr....25
220
220
k ^ckip.
100 220
133 134* Mercantile
102
Meiehai ta'
50 155 iei" Atlantic Mutual
101
18i7
100 101
102 102% Mertliauts' Exch'e.5<> 1K2 128
514
1888
101
102
Metropolitan
100
130 131
1889
102 103
Metropolis
100 400
112 113
1890
103 101
460
'Mount Morris
123
100
121
Oomm'ol Hut. 1873.82 60
70
50 300
iOlisloS {Murray Hill
Nassau
50 170
11114 116
P8IOB8 OP
New York
100 210 250
115
141
BIBBEHSHIPS.
New York Connty.lOO 600
12214123
N.Y. Stock
918,000 ask.
110
N. Y.Nat. Ekch'nge 100 132
10 1 If 102
Last sale. Match 19. 1«,000
Ninth National... .100
!155
lim 116
N.Y.t^nsui.St'k A Pet.
36) ask.
Nineteenth Ward 100' 160
226
Last sale. March 16.
North America
70 170- ,175
153 160
SCO ask.
H.Y. Produce
North River
30
133 138
700
210
Last sale. March 10.
Oriental
25
165 170
550b. 1 00a.
60 190 I...., H.Y. Colton
Pactflo
430 440
560
Last sale, Match 10
100' 835 ,346
Paik. .
IfiO
136' iPeopto's.
478b. 49Sa.
|H. Y.Ckrfliw
51 280
....
125
^
486
Last sale. Maroh 10.
Pbenlx
28 130 ,140
535 560
....»
N. Y. Metal ........... ...••*
....
Produce ExohangelOO 116
195 •200
40
Last ss'e,
Repabllo
100 186
190
127
1,100 ask.
R'l£st.Ex. A Auc. R'm'
Seaboard
100 167
i28' 133
1. 150
Last sale, March 11.,
S.oond National... 100 3'26 |.
.__
135 140
16,500 bid.
BoetonSiook
Secentb National .100 125
200
Last sale, Feb. 10 ... 17,000
160
'.^70
Shoe A Leather ...100
275
2,600 Ud.
Pblladelpbia Stuck....
Bt. Nicholas
100 120 1-25
216 260
Last sale
Slate of N. Y
100 107 1 10
270 2; 5
2-J60
1,176 ask.
Chio Board of Trade..
116
Third National... 100 108
165
15 >
1,180
Last sale. Msrch 13.
Tradesmen's
10 100
150 170
1,000 bid.
ChlcacoBtock
United Sutea Nat 100 800
170
1.^5
1,060
LastsalcMarek 9..
Western National.lOO 100 1001
130
125
New York.
Bowery
Broadway
1421s
ilOlis Ameiioa
I
i
',
,
;
1
:
!
i
,
I
(
;
,
1
,
.
1
am
1
i
1
1
I
I
EXCHANUK
'
,
,
;
1
1
I
,
,
I
133
ex-divldend.
7tft. >*H-\
t Price per
.
lO'i
200
share— not per cent.
Pltt*b. Pet. Sfk
A Met. 3- 6b..
4g3a.
THE CHKONICLE.
468
[Vol.
Latest
Itttrestment
KOABP.
Earnings Seported.
Jon. 1
to
LII. 'I
Latest Dale,
Weel.-orMo '90 or'91. '89 or'90 1890 or '91 1889 or '90
ADD
FUnt.AP.Mara 2d wk Mcb
Plor. Cent.&P.
Ft. W.
Rio (Jr.
&
Ga. Car'la
The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
month—viz.. January, March, May,
ether
and November, and
July, September
without extra charge to all
regular subscribers of the Cheonicle. Extra copies are sold
to subscribers of the Chronicle at 50 cents each, and to others
is fwniished
at $1 per copy.
The General Quotations of Stoclcs and Bonds, occupying
bIx pages of the Chronicle, are published on the third
Saturday of each month.
RAILROAD EARNINGS.
Latest Earnings Reported.
WeekorMo
Roads.
'90 or';)l. '89 or'90.
.
A(!*.T.&8.Fe. IstwkMcli
Half owned... 1 st wk Mch
Total system.
IstwkMeb
BtL.&8aiiF..
Half owned..
Mob
1st
1st wk Mob
Tot.8.L.&S.F.
IstwkMcb
IstwkMcb
A Kg.
total
wk
..
& Char
December.
AOanta & Flor'a Februar.y
Atlanta AW.Pt. February
.
.
ISJIantic&P.ac.. ttbwk Jan
B.AO.EastLinef February
Western Liue.« February
Total
February
BaL&O.Sontliw. 2d wk Mch
.
.
48,393
198,016
478,918
32,570
511,488
98.463
31,990
130,453
641,941
158,242
9,362
40,846
79,928
289,973
398,800
,688.773
Bnr.CKap.&N IstwkMcb
42,519
136.796
16,251
48,830
82,442
Qalifonua So... 4thwk Jan
50,03;"
Bait.
&
Potoiiini January...
Bir.Sh.&Tenn.R Jauuary...
Ball. Roch.i Pill Ud wk Mch
Oamden
.&
Atl
JiiMiary...
OanadaAtlaiitlo February
OanadlanPaoifli 2d wk Mcb
Op.F'r&Yad.Val
Id
wk Mcb
0»n,KR.&Bg.Co 3 wks Feb
Auxiliary sys. 3 wks. Feb
Oent.N.Eng.&W December
Oentral of N.
January..,
OantralPacillc. .Tanuary...
Oentral of B.C.. Deceuiber.
Centr'lVerm'nt. WkFeb 28
K.London Noi Wk Feb. 28
©ca.&LakeCh Wk Feb. 28
Tot. sy.stem Wk Feb. 28
Obar.Cin. &Chl< Decetnber.
Oha^le.st'u&8av .January.
.1 .
(Hla^.&um.&No. December
Chat.R'mpiCol December
Ohatt'n'gaUui'ij February
Oheraw. & Darl January,
Ohes.dk Ohio... 2d wk Mch
Ohes. O. & 8. W February
.
.
Qnes.
<& I^enolr
December
Oilc.Burl.&Xo December.
Ohio. Bui-I. & Q. J^'Uiiary.
OWc.A East. 111. 2d wk Mch
OMc.Mil.iSt.P, 2(1 wk Mch
OUlc. AN'thWii. January..,
Ohlo.Peo.&St.L. December
Chlo.Rocltl.&I Fcbruarj'
gMo.8t.P.M.,tO. Jauuary...
01ile.iW..MicU. IstwkMcb
Cln. Qa.
. .
December
& Ports. February
01n.Jack&Mae. 2d wk Mch
Oln.N.O. iT.P. IstwkMcb
Ala. Gt. South.
N. Orl. & N. K.
Ala. & Vicksb
Vleks. 8h. 4 P.
.
IstwkMcb
1 St wk Mch
st wk Mcb
Istwk Mch
IstwkMcb
i
Erlanger Byst.
Clmi.Northw'n. February
Oin.Wab.AMleh.|Fehruary
OleT.AkroiiiVCoiilst wk Mch
2}*™- '*'„'.'•'""''"• I>e«emher.
0<Xlin.Ch.&8.L IstwkMcb
Tco.ii Fas fn.; IstwkMcb
Wlev. i Marietta February
Color. Midland, list wk Mcb
Col. ir. V. & Tol.'Fcbruary
Colusa
Ooviu.
Day
it
Lakcljanuary.
& Macon. 'Fcl)ruary
Ft.W.&C)i..i.Tanuary..
VeDT.
A Rio Or.
2d wk Mch
Des Moln. & No. Fel)ruary
BmM. AN'west l>i)ruary
Det.Bay C.& A p i st wk M ch
1
petI.aiiH'tr
A No
Duluth 8.S.A Ati
MMt
wk Mch
2d wk Mch
i
14,271
524.591
276,544
54,83v;
,089.190
,188.92
10.299
52.763
10.436
10.21C
73,415
6,705
77,416
9.537
33.000
7,600
13,404
154,813
185,93^
8,240
334,402
,329.830
75.740
466,014
,893,407
41,56:
.
OWcSt.P.&K.U IstwkJlch
OUlppcwa Val
40,24
52,688
329.000
st
Loui.siann. Fel)ruary
K.Tenn.Va.AGa. De<'eml)er
KnoxT. AOhio December
Total system. IstwkMel
Bl(flnJol.,v-East. January.
51i2.lx!X.&B,8... January...
JSmpIre .VD'blini.Voveuiher.
T»n».Atnd'plis[2rt wk Mch
J^UMT. A T. H. 2d wk Mch
Fltohbiirg
'January..
,022,872
81,042
485.736
28.344
4,025
3.605
15,580
75,060
31.999
20.617
10,839
9,404
147,919
2,116
43,500
17,289
54.110
235.523
30.950
20,264
29,205
180,574
1,742
12.084
45,677
123.000
7.223
14,382
8,608
19,521
27,497
6,600
626.380
65,335
to
Latest Date
1890 or '91 1889 or '90
134.45.^
46,297
57,809
3,162
6,890
21,437
536.067
183.517
198,016
183,517
498,221 4,898,402 4,726,711
26,749
259,483
257,764
524,971 5,157.885 4,984,476
102,640 1,051.717 1,026,987
26,134
253,941
251,881
128,773 1,305,657 1,278,867
653,744 6.463.543 6,263,344
149,998 1,087,335 1,516.416
9,881
21,073
21,032
44,611
93,558
95,266
64.477
234,064
193.430
,311,45
2,725,820 2,792,439
409,259
856,367
8,53,035
3,582,187
441.908
46,176
134,099
136,796
17,906
16.251
4!i4,615
34,112
69,769
600,027
37.827
152.814
35,483
40.247
52,294
96.873
267,000 3,349.221
12,608
134.935
531,878 1,336,755
275,109
37.152
893.974 1,089,190
862,069 1,188,022
10,812
114,101
53,990
9,748
10,809
74.517
660,428
11,724
129 832
73.899
77.416
3,694
76.513
30,292
365.432
7.557
16.242
9,934
13,461
131,582 1,582,824
150,200
394,969
7,052
79,050
149,346 2,115,442
:,717,408 2,329,830
62,118
718,833
472,262 4.752,759
,852,333 1,893,407
32,047
424.915
,154,917 2,120,359
83,386
645.724
488,806
485,736
29,805
253,761
5,233
146,395
3,937
8,106
10,573
151,297
64,048
760,311
31,164
339.863
19,146
213.993
10,584
120.644
9,974
12t>,299
134.916 1,555,116
1,108
3,687
37,957
89.188
14,923
151.196
41,933
581.012
234,654 2,298,797
31,610
269,026
16,669
.50,31 „
34.331
340,017
164,143
389,87^
,720,716
1,266
13,040
39,539
.
January...
Febru.ary
2d wk Mch
.
d
2d
2d
wk Mch
wk Mcb
wk Mch
WkMcbl4
Wk Mch. 7
M Wk Mch.
St.
P.M.
&M.
East, of Minn.
Montana Cent.
Tot. .system.
QuU& Chicago.
7
February
February
February
February
February
.
.
Housatonic
January...
Huraest'n&Sbei) February
1,742
25,296
45,677
124.500 1,428.500
5,760
15,412
17,367
26,809
11,687
98,530
23,970
184,230
26.592
283,721
6,466
17,100
537,799 6,783.836
50,421
707,547
140,205 1,368,229
39,22
46,297
52,442
57,809
1.333
32.991
5,560
60,985
18.606
211,139
496,233
536,087
3,645,474
461,412
134,099
17,906
330.502
558,295
112,826
35,483
100,261
2,.504,379
107.675
1,405,845
.
I
.
.
.
.
.
.
893,aSU.
862,0(1!)
105.638
.
.
.
673.747
fs.sbii
31.323
282,314
15,818
9,934
1,459,147
329,198
74,290
1,971,158
2,717,408
579,135
4,504,4::I3
1,852,333
376,165
2,311,393
727,491
488,806
228,202
137,388
7,701
107,322
750,435
358,590
216,972
129,020
127,550
1,582,567
3.227
76,775
134,897
448,612
2,191,851
277,973
35,878
305,046
331.554
1,266
26,369
39,539
1,359,430
11,023
35,125
102,508
178,508
283,396
16.198
5,832,249
581,504
1,367,471
39,222
52,442
12,289
47,662
186,239
496.233
4,774
177,412
48,439
55,176
10,857
4,051
70,083
361,426
70,099
20,895
445.014
24,075
57,445
526,534
4,272
101,199
11,914
4,220
65,460
26,550
8,231
Hutch. ASoutb'u February
Illinois Ceutr'lo. February
1,431,296 1,270,417
Ind.Dec.&West February
33,231
29,574
lu. &Gt.Nortb'n January...
308,653 306,557
Interoc'nic(Mx) December,
Iowa Central... d wk Mcb
38,079
37,688
Iron Railway... February
2,628
3,081
Jack'v.Soutb't'u IstwkMcb
19,783
14.353
J'k'nv.T.&K.Wr; Jauuary...
79,165
79,802
Kanawha&MicU st wk Mch
5,49
5,120
Kan. C. CI. &8p IstwkMcb
6.093
7,917
K.C.F.S. &Mem. IstwkMcb
83,336
91,574
K.C.Mem. &Bir. IstwkMcb
21,320
22,444
Kentucky Cent 3 wks Dec.
66,188
60.210
Keokuk & West. IstwkMcb
7,033
6,635
Kinjfst'n &Pem. Itbwk Jan
4,053
4,324
L.Erie All. & So February
4.311
4,587
L. Erie & West. 2d wk Mcb
60,744
61,943
L«btgh& Hud.. February
29,879
24,200
L. Rock & Mem IstwkMcli
10,581
9,877
Long Island
213,113 182,832
February
Louis.&Mo.Riv. December
30,258
39,451
I.ouis.Ev.&St.L. 2d wk Mch
28,358
21,868
Louisv.&Na.sbv. 2d wk Mcb 364.990 352,715
Louis.N. A&Ch. IstwkMcb
45,749
41,100
495
Louis. N.A&Cor December.
282
Louisv.N.O. &T. 2d wk Mcb
64,311
53.528
LoH.St.L.ifeTex. 2d wk Mcb
7,388
4,798
Lynchii.&Dur'm February
13,000
4.600
Memphis &Chas IstwkMcb
32,082
32,629
IMexicauCeut... 2d wk Mch 13.5,581
130.320
(Mex. National 2d wk Mch
77,132
74,83(Mexican K'wa> WkFeb.28
93,01
72,649
Mil.L.Sb. & West 2d wk Mch
53,100
55,465
Milwaukee & No 2d wk Mcb
29,508
32,573
Mineral Range
7,090
February
6,86:
Miuneap. &St.L. February
109,328
93.172
M.St.P. &S.S.M. February
137,280 148.626
Mo. K.an. & Tex. IstwkMcb 139,036 138,609
6,201
Kan. C. & Pac. IstwkMcb
5,677
Mobile &Birm.. IstwkMcb
5,171
4,173
Mobile* Ohio.. Februar.y
284,495 247,300
Montercy&M.G February
74.698
29,700
Na8b.Cb.&8t.L. February
292.523 279,315
Westeni& Atl. January... 167,002
N. Jersey AiN.V. lanuary. ..
18,812
16,908
New Orl. & Gull February
13,261
11,520
N. Y. C. & H. It. February 2,732,996 2,703,853
N. Y. L. E. &W. January... 2,172,279 2,1.55,785
499,438 584,642
N. Y. Pa. & Ohio J.inuary...
446,040 434,407
N. Y. & N. Eng. January...
Y. & Nortb'n Februar.y
32,743
N.
40,279
N.Y.Out.&W. 2d wk Mch
49,106
44,747
Busq.A W.. .January..
115,088 104,466
N.Y.
Norfolk&West h 2d wk Mcb 186,228 143,786
N'tbea3t'u(S. C.) December.
64,486
63,707
Nortb'n Central. Jauuary.
495,561 559,118
Northern Paclflc 2d wk Mch 375,359 353,700
Ohio A Miss
90,653
85,299
2d wk Mch
13,51li
Obio&Northw.. Fcbruarj15,423
814
Col. & Mayav. February
6|00
Ohio River
10,061
9,845
IstwkMcb
Ohio Southern February
44,263
37,958
OliloVal. ofKy. IstwkMcb
5,017
3,308
Omaha &St. L.. .January...
50,261
35,156
Pennsylvania .. January.
5,312,475 5,142,311
Peoria Dec.&Ey. 2d wk Mcb
15,197
18,439
Petersburg
January.
43,001
43,148
327,811
Phila. AErie... .January... .352.602
Pbila. & Read'g January.
1,712,090 1,566,730;
Coal & Iron Co. January.
1,443,760 1,151,256
Total both Cos. January.
3,155,851 2,717.986
Mar. &Cb. February
Pitts.
3,134
2.804
Pitt.Shen.& L.E. January...
21,075
19,021
Pittsb. & West'u January...
107,049 115,524
Pitts.Clev.&T. .January...
29,371
32,635
Pitts.Pain.&F. January...
17,942
15,589
Total system 2d wk Mcb
33,655
39.811
Pitt.Young.&A. February
48,517
93,045
•33.019
43,875
Pt. Royal & Aug. .January.
Pt.Roy.&W.Car. January...
37,151
46,903
Pi-es.&Ariz.Ccu. December.
11,088
11,400
QuiucyO.&K.C. February
17,709
19,670
Rich.&Danville. February
511.200 480.800
Vir. Midland.. February
169,700 158.000
Char.Col.&Au. February
88,700
87,500
Col. & Greeny. February
93,400
95,800
West. No. Car. February
71,250
73,800
Georgia Pac
F(>bruary
154,300 151,700
Wasb.O.A W.. February
8,650
7,950
Ashv. & Spart. February
11,575
10,400
Total Sys'm. iBtwkM'ch 269,775 284,3ofT
Rich. & Petersh. Jauuary...
25,368
37,236
Rio Gr'de South. 2d wk Mch
2,605
Rio Or. West... 2d wk Mch
32,800
21,800
Rome W. A Ogd. J anuary.
310,985 283,037
Sag.Tuscola\'H. Februaiy
5,094
6,785
Bt.L.A.&T.H.U'B IstwkMcb
21,660
19,082
8t.L. Ark. ATex. 2d wk Mcb
62,847
60,854
Bt.Paul&Diirth February
95,107
77,354
S.Ant.AAr.Pass. November.
170,220 175,663
B.Fran.&N.Pao. IstwkMcb
9,418
9.492
Bay. Am. A Mon, February
21,123
41,000
Seattle L. 8. & E. 2d wk Mch
6.557
6.455
Sllverton
January.
nil.
7,025
.
$
I
Alabama Midl'd November.
AUegbeny Vai. January.
Atlanta
Jan, 1
February
& No. December.
Georgia RE
Geo. 8o. AFIa..
Gr.Rap. Alnd..
Cin.R.AFt. W.
Other lines
Total amines.
Grand Trunk. ..
Chio AGr.Tr.
Det.Gr.H <k
Great Nortb'n—
58,980
31,850
15,660
14.077
193,088
65,087
44,523
9,524
4,782
58,839
341,617
74,739
21,414
534,288
40.582
81,022
655,891
2,800
105,676
12,500
6,200
IstwkMcb
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
*
597.691
293,015
33,032
76,063
193,088
133.205
411,673
81,838
43,181
536,702
3,634,251
715,787
198,494
$
018,325
253.376
18,249
36.192
177.412
100,342
453,] CO
83.386
36.304
572.788
3,741,530
704,628
185,818
1,189.150
954,315
81,224
65,733
179,220
131.933
1,449,594 1,151,982
6,158
7,544
105,676
101,199
26,000
23,636
12,610
7,343
2,910,376 3,625,838
73,446
61.917
308,653
366,557
1,500,000 1 037,387
345,306
3-27,863
5,949
6,095
175,703
113.839
79.165
79,802
49,737
46,233
55,688
67,325
788,60839,618
220,619
246,816
1,073.956 1,036,053
66,755
67,041
9,586
9,175
9,242
9,912
595,208
580,229
48,214
61,680
138,884
122,172
450,091
386,427
415,214
463,028
281.819
201,457
3,816.680 3,757,988
425,983
371,470
11,814
14,023
734,776
801,079
66.210
74,793
9,400
24,000
3^0.443
326,765
1,377,110
1,347,367
832,567
781,732
683,814
749,927
553,317
523.150
267,262
304.730
15,113
17,590
197,957
219,028
354,323
287,954
1,376,200 1,365,114
47,282
55,210
48,677
53,920
538,937
606,186
53,400
148.103
587,901
650.236
167,002
16,908
18,812
26,206
30,276
5,740,848 5,627,259
2,172.279 2,155,785
584,642
499,438
434,407
446,040
80,905
66.068
367.633
502,571
104,466
115,058
1,622,303 1,49,8,190
017,265
696,822
559,118
495,561
3,139,840
4,002,611
802,991
806,482
31,046
30,094
1,208
1,474
101,481
87,977
82,926
96,083
35,671
51,975
50,561
35,156
5,312,475 5,142,311
140.229
182.413
43.061
43,148
327,811
352,602
1,712,090 1,566,730
1,443,760 1,151,256
3,155,851 2,717,986
5,310
6,766
19,021
21,675
115,524
107,049
32,635
29,371
17,943
15,589
399.613
372.916
199,257
103,314
33.019
43,875
37,151
46,903
128,508
134,594
35,735
42,150
1,031,550 1,007,100
318,800
345,000
172,500
178,500
184,668
182,350
149,894
157,150
346,575
336,550
16,698
18,250
21.132
23,275
2,542.400 2,501,777
37,236
25,368
29,024
250,550
405.973
283,037
310.985
10.975
13,217
205,526
242,187
781,372
809,114
161,597
185,807
1,564.681 1,266,690
31.453
100,728
43,570
82,347
58 968
70,215
nU.
7,025
March
THE CHKONKJLE.
31, ISO 1.]
SamlHgi
Latest
Reporttd.
Jan.
1 to
Latut Oalt.
Roads.
Week-orMo 'UOor'OI. '89or'00. ISOOor'Ol 1889ar'BO
«
BlouxPltyANo. January.
I
&
Bo.
85fl,T47
331.210
341,105
87,088
605,234
14,826
121.915
128,045
rni'moCo.311,165
87,088
603,234
14.320
124,015
.
Tot.ilof all.. January. .
Bo.Par. UK.Ko. Dlv. <Cal.) January.
So. IMv.
(fill.)
.1
aiiuary.
.
.
January...
New Mi'X. niv. January...
Btatcn I. liap.T. January...
BtoiiyCl.ACMt. 'January...
Batuniit iintiich. tVliruary
L.vkcns Valley Kebruary
Tofl iKitli (Vii I'ehruary .
Tal.A ('c)osaVal. iJauuars-...
Arlzoii.i Dlv..
j
I
116,440
435,001
140,707
73,461
51.017
127,119
508,929
186,010
02.664
65,139
116,440
435,991
146,797
73,461
51,617
1,107
91,M72
1.151
1.107
l.l.M
n:),863
205,739
116,195
98,894
215,387
6,408
32,496
1,407,704
7,310
218,828
49.018
229,812
95,905
168,751
296,253
3.480
17,008
333,043
43,195
97.057
6.408
16,301
99.642
3.677
25,594
3,7.51
Xol.&OliioCeut. (.id wkMchj
Tol.A O.Cen.Kx. Deoeuiber.
Tol. P. A West.. IstwkMeh
Tol. St. I-. A K.C. .id wk Mcli
5.618
22.833
8.397
19.131
28,348
1,744
17,008
1,330,058
6.314
194.389
54,132
218.592
100,312
162.373
297.285
3.476
19,665
333.043
032,663
126,24.q
473.857[
l-.'6,249
18.7«6
104,302
389,060
228.359
413,267
26,401
10,621
18,386
30,803
.
1,782
Del .... January...
19,665
IthwkFeb
St.Jo.AOMIsl.
AUotli. lines.. .lanuary...
January...
Tot.U.l>..-<v.i.
Ceat.Hr.&l.'.L. January...
Tot. cout'led .laiuiary...
Houtana Uii.. .January...
Leav.Top. A 8. .lannary...
Mau.Al.A Bur. January...
Jolut.own'd.'a January.
.
Oraiul total. January...
IJ.S'kYds.AT.Co .lanuary...
Vermout Valley J.'Uiuary. ..
Wabash
2d
wk Mch
Wall. Cliest.&W. J anuary. .
Wa.^h. .Southern. J.nuary...
Western of Ata. February
.
West Jersey
January...
W.V.Ceii.APltts. January...
West V. A Pittfl January...
Weet.S.Y. A Pa. •2d wk Meh
WheelinffAL.E. t'-'d wk McU
WU. Col. A Aug. tDocemher.
Wlsoonsiu Cent. 2d wk Mch
Wrl?htav.ATeu. January.
!
A
Ohio. January..
!
138,.572
344,330
5.653
30,739
3.1i)l
M
Un.I'acD.AC, January...
1,182,218
2,670,073
133,414' 3,853,191
25,725
.
Zanosv.
1, ,065,070
3,
63,780
155,657
5,653
13,310
103.183
Temi. MIdlnnit.. February
TexaK & I'aoillc J(l wk McU
Tex..'S.Va'A.v.\v. Kebruarv
Tol.A A.<SiN. M
wk i(t
Tol. Col. ACin.. IstwkMe..
Dulon Pftoitlo—
Or.S.L.AU.N. January...
Or.Ry.AN.Co. Jimuury. ..
14.476
175,645
1,065.076
2.068,338
3,133,414
127,119
&OS,029
186,010
92,664
55,130
.
A
446,360
14,476
175.645
334,210
91,376
416,369
2, 068,338
I
rister
94,876!
291,443
121,090
,1S2,218
,070,973
,853,101
.
ToI.&So.Hiiveii. i-'obruary
Iwl tettk of
389,060! 413,267
.480,370 1, 431,801
,025,792 2. 427,536
44,714! 108.916
,070.5011
81.607
2.108
3,020
44,871
,115.377
263,034
12,495
237,248
4,673
24,131
51.029
93,089
91,776
7,993
64,600
21.113
84,226
88,915
9,100
11,261
2,
536,452
60,386
2,597
2,689
32.836
,569,2rf8
238.984
11,670
233,352
4,458
23,121
50.943
84,31)7
69,377
6,343
63,800
20.72'
84,713
84,970
7,625
9,741
1,480,3701 1,431,804
3,025,792' 2,427,536
44,7141
108,916
3,070,506 2,536,452
84,607
00,386
2.108
2,597
3,026
2,089
44,871
32,836
3,115,377 2,569,288
263,034
238,984
12,495
11,670
2,415,482 2,563,158
4,673
4,458
24,131
23,121
112,560
110,840
93.089
84,507
91,776
69.377
7,983
343
661,275
631.844
219,061
204,945
970,234
891,289
854,282
802,623
9,100
7.625
11,261
9,741
<•
1
Mexican cuirencr.
Main Line.
On the 44 roads which have reported their earnings for the
second week of March there is a gain in the aggregate of
$212,665, or 5-47 per cent.
^dweek of March.
Bait.
1891.
Ro eh. A
46.176
34,112
207.000
Pitts....
Canadian Pacific
Cape Fear A Yadkin Val.
Chesapeake A Ohio
Chicago & E.i3t. Illinois..
Chicago Mil. A St. Paul..
Cincinnati Jack. A Mack.
Denver A Rio Grande ...
DalutU S. 8. A Atliatic...
12.608'
131.582
62.118:
472.262
10,573
124,500
26,592
Evansville A Indianap...
Evans. A Tcrre Il.iute...
Flint
A
5,560
18,606
65,460
55,176
10,857
Pcre Marquette.
Grand Rapids A Indiana.
Cincinnati R. A Ft. W..
Other lines
4,051
Grand Trunk of Canada.
Iowa Central
Lake Erie A Western
361,426
37,038
61.913
21,868
332,715
53,528
4,798
130,320
74,837
55,465
32,573
44,747
143,786
333,700
85.299
15,197
39,841
21.800
60.854
6.557
99,642
25,594
22,833
28,348
233,352
63.800
20,727
81,970
A
& Texas.
l/)ni3V. Evansv.
St. L.
l<oui9villc
Nashville...
A
Louisville N. O.
LouisvilleSt. L.
ATexas.
Mexican Central
Mexican National
Milwaukee L. 8h. A VS est.
Milwaukee « Northern..
New Y'ork Ont. & West.
Norfolk A Western
Konhem
Ohio
A
Pacitte
Mississii)pi
Peoria Decatur A Evansv.
Pittsburg A Western
Rio Grande Western
Bt Louis Ark. A Texas...
Beattle L. S. A Eastern ..
Texas A Paelflo
Tol. Ann Arbor AN. Mich.
A Ohio Central.
8t. L. A Kan. City.
Western N. Y. A Penn.
Wheeling A La^e Erie...
Toledo
Toledo
.
Wabash
Wisconsin Central
Total (44 roads)
Net Increase (5 47 p.
1890.
Increase.
Deerecue.
$
A Ohio Southw
Buffalo
4,098,106
c.)
1801.
Prer'lTreport'di04road«)
At. Top. A B. r. ystom . .
Roads J'tir owned •«..
Bt. Loul* A 8. Fnui
Roads J'tly owned >t.
Cbloaco A Grand Trunk..
OUeMo* West Mich
01n.M.O. AT.Pao.(B roadi)
Clev« AkpiKi .vOol
Clc^
.4 Bt.L.
P'
rob.i..
lern
.
.l.:..aud*
Bay C, & Alpena.
DetroltOr. Hav. AMil...
Detroit Lansing k. Nortb.
Dulutb Bo. Bb. & Atlantle
Ba(tTenn.Va. dsQn
Dotruil
.
JaekwnTllle BoutbeaBt..
Kansas City CI. A Snr.
Kan.CityFt. B.AMem..
Kaiuas C. Mein. A lilrm.
Keokuk A Western
Little Kock A .Memphis..
Memphis ACharleston...
Missouri KansuA A Texas
Kansas City A Paciao..
Mobile A Birmingham .
ObloRlver
Ohio Val. of Kentucky...
Rio Grande Western...
8t L.Alt.AT. H. Brches
San Francisco A No. I'ao.
Toledo Peoria & Western
. .
.
3,885441
3,657
14.718
62.000
1,663
23,231
13.621
6,218
5,007
'i",506
005
1,330
2,831
6,480
10,653
1,333
731
391
19,809
6,490
12,275
10,783
2,590
2,295
2,039
3,063
4.359
42,41!
21,6.59
5.351
3,242
6,186
3,541
131
3.571
2,515
3,896
800
386
3,945
274.956
212.665
62,291
4,334,255
478,918
32,570
98,463
31,900
74,739
28,444
147,910
17,280
833,523
80,030
20.203
8.608
21.414
19,321
26,316
134,453
31.850
60.160
19,783
6,003
83,336
21,320
7,033
101581
32,082
139.036
6,201
5,171
10,061
5,017
4,136,304
498,221
26.740
Infrtatt.
289,880
4,177
4,040
20,8()5
1S.003
2.366
234.6.54
809
31,610
84.381
11.6S7
20,893
21,660
0,492
18,386
6,077,880
26,6.50
p. o.).
'J;^
S.S.^6
134,016
14,923
23,970
23,736
140,203
36,350
73,259
14.353
7.917
91.374
22.444
6.635
9.877
82.629
138.609
8,677
4,173
845
8,308
20,450
19,082
9,418
19.131
iVfTMM.
8,831
102.040
26.134
70,000
Snow
"M.
Mo
5,176
3,079
819
790
"*X&
h.iSo
8.300
ti3,oeo
5.130
'M
1,194
•
398
704
347
427
824
908
216
1.709
6.200
2,578
74
745
348,311
187.241
161,076
were practically
Net Earnings Honthly to latest Dates.— The following
shows the gross and net earnings to latest dates of all railroads
furnishing monthly statements. The compilation includes
every road from which we can get returns of this character,
and in that form is given once a month. Early returns are
published from week to week, as soon as issued, but for the
convenience of our readers all the roals making returns are
brought together here in the week in which we publish our
monthly article on net earnings say on or about the 20th of
the month. A paragraph mark (IT) added after the name
of a road indicates that the figures for that road have not pre-
—
viously been given, but appear for the
,
OroM Earnings.
first
..
time in this issue.
Ifel Earnings.——
1890or'91, 1889or'0O. 1890or'91.1889or'90.
Roads.
$
6
$
9
Allegheny Valley.. IT Jan.
198,016
183,517
75,078
65,835
Atcb.Top.*S. Fell.. Jan. 2,347,071 2,173,263
551,556
673.413
July 1 to Jan. 31. ..19,416,984 17,175,267 8,729,346 6,288,173
E'ds l'tlyoWd(ia)1TJan.
126,777
103,997 def. 12.844
8.943
July 1 to Jan. 31... 1,002,169
811,354 def. 16,382
80.589
538,712
682,356
TotalAtch-systemlfJan. 2,473,843 2,279,162
July 1 to Jan, 31... 20,419, 150 17,986,822 5,713,161 6,368,761
489.035
448.774
180,293
185,393
St. L. A San Fran. If Jan.
July 1 to Jan. 31... 4,199,429 3,946,963 1,918,231 1,951,472
10,238
124,211
103,254 dct.10,125
E'dsJ'tlyow'd(>a)ir.Tan.
980,493
91,344
July 1 to Jan. 31...
790,182
5,820
170,1-3
19.5,633
613.210
552,023
Total B. L, A 8. F.ITJan.
July 1 to Jan. 31... 5,179,923 4,737,145 1,924,052 2,042,810
877,989
708,885
Total'Atch. A 8. F.TTJnn. .3,087,094 2,831,190
July 1 to Jan, 31. ..25,599,074 22,723,969 7,637,216 8,411,879
Baltimore A Ohio
328,804
375,062
Lines E. Ohio Eiv.HFeb. 1,289,973 1,311,4.57
812,103
767,041
Jan. 1 to Feb. 28... 2,725,820 2,792,439
7,032,170 2,427,050 2,710.784
Oct. 1 to Feb. 28... 7,525,477
409,259
57,793
38^1
398,800
LlnesW.ofO.Uiv.lTFeb.
119,815
853,035
108,105
856,387
Jan. 1 to Feb. 28...
30«,«9
354,501
Oct. 1 to Feb. 28... 2.307,333 2,306,227
367,795
432,857
Feb. 1,688,773 1,720,716
Total systemU
931,918
875,146
Jan. I to Feb. 28... 3,582,187 3,645,474
2,781,351 3.217,853
July 1 to Feb. 28... 9,832,810 9,9S8,397
61,180
188,521
64.380
185;006
Bait, A Ohio Southw. Jan.
491,445
506,373
July 1 to Jan. 31... 1,423,005 1,393,090
34»«M
134,099
43,026
Jan.
136,796
Bait, 4 Potomac
26,389
117,766
36,158
191,422
Buff. Roch. A Pitts. Jan.
353^»6
364,473
July 1 to Jan, 31... 1,417,852 1,121,684
61,098
216,532
70,850
251,734
Burl.CeiLRap.ANo.TlJau.
35,493 def, 14,048 def. 15.501
40,247
Camden A Atlantio TI Jan.
205.488
329,725
Canadian Paciflc....Jan. 1,363,221 1,034.122
21.475
26.593
56,303
44.338
CapeF.AYad.Val.1T, Feb.
39,539
109,407
84,300
49.771
Jan. 1 to Feb. 28...
134,392
292,371
183.207
416,071
July 1 to Feb. 28...
311,554
873,967
221,880
812,164
Central of Georgia.. Jan.
July 1 to Jan. 31... 3,648,844 3,505,049 1,577,617 1,796,043
341,397
426,390
893,974
Cent.ofNew Jersey..Jan. 1,089.190
53.806
306,050
862,069
tJan. 1,188.922
Central Paoltio
3,473
2,72 1
8.642
8,261
Chattanooga Union.lTJan.
1,584
7,934
9,931
1 3,464
Cheraw A Darl'gt'n*! Jan
100.093
618,917
167,765
654,663
Chesapeake A Ohio. Jan.
1,193,074
Joly 1 to Jan. 31... 4,766,280 4.172,919 1,394.335
67,66t
67,921
178,998
200,032
Ches. O. A Southw. HJan.
41.7M
12<<,45l
1 19,346
234,402
Chic. Burl. * North.Dec.
876,»)3
74)M*9
Jan. 1 to Doc. 31... 2,115,442 1,971,139
850.767
614,749
Chlc.Burl.AQulnoy.Jan. 2,329,829 2,717,408
463.344
818,916
Chic. Mil. A St. Paul. Jan. 1,946,196 1,704,411
16,585,711 6,146.813 6.373.897
July 1 to Jan. 31. ..17,142,617
«M,140
818,03*
Chicago A Northw. Dec. 2,190,175 2,182,904
Jan. 1 to Dec. 31... 28,170.026 26,185.181 9.699,833 9.t>77.971
81,74»
19,475
98,260
109.311
Ohlc. *: West Mich. Jan.
.
"iOT
•
Interfered with trultle.
t Earnings from ice
nothing this year, against $22,300 last year.
*
.
8,261
11,000
1,993
Total (92 roads!
Het increase (3-08
1800,
6,265,121
Florida Central A Penln.
nint dc Pere Marquette
.
632,663
473,s57
12,0H1
a Whole 8yet«m, including Iowa lines.
6 Includes in both years
Bcloto Valley Dlv., and Maryland A Wasbington Dlv, (Bhenandoali
Valley.)
Includes earumga from ferries, etc., not given separately,
Uareh.
•
33,040
149,161
12,808
December.
Oal.llnr.&S.A. Janiinrr.
Louls'n West. Jniiimry...
MorKitu'sLAT. Fanuury...
N. Y.T.AMex. .Innuary. ..
Tex. A N. on. Jainmry...
Atliiiiijo aja.e. January...
Pttollli' ay8t«in January...
The final statomcnt for the flnt week of March covers 03
rooda and BhowH 808 per cent gain.
•
83,940
170.000
Tehiiiary
Boiitli Ciirolitta
Bpttr. Uii.
Col.
459
THE CHRONICLE.
460
—
Net Earnings.
arose Earnings.
1890or'91. 1889oi'90. 1890or'91. 1889oi-'90
*
$
if
$
127.717
104,000
353.549
358,691
ClD.N.O.&Tex.Pac. TJan.
854,000 1,024,787
July 1 to Jan. 31... 2,681,291 2,547,720
35,000
27,000
104.719
103,678
NewOrl.&N'oast.lIJau.
198,000
164,000
697,121
677,254
July 1 to Jan. 31...
23,000
19,000
68,318
59,169
Alabama &Viok8.1I Jan.
134,000
124,000
414,946
414,442
July 1 to Jan. 31...
19.000
22,000
66,512
59,884
Ticks. 8h.&Pac..1I.Tan.
138,000
119,000
435,380
414,374
July 1 to Jan. 31...
11.918
16,265
59,488
71,670
Caov. Akron & Col. TJan.
119,9o0
143,986
455.685
529,036
July 1 to Jan. 31...
12.289
19,646
41,933
54, UO
<nevel'd& Canton... Deo.
147,o89
202,861
448,612
581,012
Jan. 1 to Dec. 31...
87,315
125.578
253,129
334,639
July 1 to Dec. 31...
.
326,198
2,620,304
25,398
9,392
56,765
50,016
387,679
28,147
180,923
329,637
2.720,217
35.018
3.616
31,161
34,810
295,711
28,539
192,062
167,411
16,228
78,021
4,666
54,954
6,602
41,551
499.819
697,717
11,076
110.956
324.383
3,674,166
Olev.Cln.Ch.A St. L.Jan. 1,077,057 1,017,993
July 1 to Jan. 31... 7,989,384 7,707,085
129,507
121,441
Peo.&Eaet'nDlv.lTJan.
&
July
Colorado
July
Colorado
July
MariettairJan.
Fuel Co. ..Jan
<3ovmj?ton&Macon..Dec.
Ft.
W.
<feCUic...Dec.
209,298
17,393
44,544-
502,418
Jan. 1 to Dec. 31...
& R.Grande.. Deo. 833.834
Jan. 1 to Dec. 31... 8,875,786
Deny.
DesMoiu's&Nor'w.TiJan.
Det. Bay City & Al. Jan.
Det. Lans. & North. Jan.
BastTenn.Va.&Ga.Dec.
Jan. 1 to Dec. 31...
July 1 to Dec. 31...
Knoxv. &
Ohio.... Dec.
Jan. 1 to Dec. 31...
July 1 to Dec. 31...
Dec.
Total system
Jan. 1 to Dec. 31...
July 1 to Dec. 31...
Elgin Joliet&E ..IT. Jan.
Flint
&
Pcre|M.irq.1IJan.
Georgia EB.H
Jan.
July 1 to Jan 31...
Oa. Southern & Fla.H Jan.
July 1 to Jan. 31...
Grand Rap. & lud.H Jan.
Total system IT
Jan.
Qt'ndTruukof Can.lTJau.
Chic. & Grand Tr.lTJ an.
Det. Gr. H.
Gulf
19,209
157,596
133,322
941,397
1 to Jan. 31
Col Hock. Val.&Tol.HJan.
Day.
30.052
227,-43
1 to Jan. 31...
168,906
Midland. IFJan.
1 to Jan. 31... 1,149,317
&MU.Wan.
& Chicago
ITJau.
.
.
Roads
Olevel'd
[Vou LU.
8,046,603
17,758
39,490
77,811
587,799
5,832,249
3,228,070
50,421
4,982
89,221
284.304
3,332,410
8,108
3,853
22,326
17,145
16,646
14,555
229,927
248,841
1,991,990 2,381,925
1,121,796 1.368,892
28,234
17,980
220,121
216,910
118,477
107,269
258,161
266,821
2,212,111 2,598,834
1,243,274 1,476,161
12,957
15.184
51,457
52,969
77,820
68,451
461,754
330,230
17,382
20,761
169,030
116,975
41,699
38,895
54,009
47,212
14,312
46,922
86,650
626,380
6,783,836
3,599,828
65,335
707,547
380,967
691,715
7,491,382
3,980,795
46,297
253,965
193,083
1,179,394
68,118
495,054
160,668
207,807
6.413,751
3,530,575
39,222
228,111
177,412
1,029,569
51,903
266,897
156,919
201,248
304,305
67,340
18,482
293,561
62,699
16,685
64,434
17,451
2,134
65,618
13,805
1,085
3,358
3,273
def.857
def.148
581,.504
.302,505
638,220
Gross Earnings.
Net Earnings.-^—
1890oi-'91. 1889o»-'90. 1890or'91. 1889or'90.
,
Jloads.
Ohio
Mlssis3ijipi..Jan.
328,213
July 1 to Jan. 31... 2,507,711
&
Ohio
&
Northw'n.. .ITDec.
Jan. 1 to Dec. 31...
Ohiofiiver
Jan.
Ohio Valley of Ky.TlJan.
Oregon Imp. Co
Dec.
Pcnn.(eastofP.&E.).Jau.
Lines weatof P.&E.Jan.
Petersburg IT
Jan.
July 1 to Jan. 31...
Philadelphia & Erie. Jan.
PhDa. & Reading
Jau.
Dec. 1 to Jan. 31...
Coal & Iron Co
Jan.
Dec. 1 to Jan. 31...
Total both Co.'a
Jan.
Dec. 1 to Jan. 31...
Pitts. C. C. & St. L. IT. Feb.
19,490
227.813
50,532
24,719
$
319,768
2,574,055
20,788
219,615
48,685
16,437
5,312,475 5,142,311
Dec. 87,918
43,148
43,061
*
73.970
707,899
2,979
19,125
18,400
10,060
50.181
72.554
873,575
3.944
36.933
21.221
4,508
14,413
1,306,046
1.447.219
Dec. 107
11.709
105.830
110.274
728.976
21.621
97,064
85,956
603,757
5,636,279
3,021,580
2,454,591
1,456.689
2,100.380
1,216,383
2,341,974
1,260,117
2,156,698
1,192,528
785.079
480,437
799,079
400,364
954,438
517,156
888,824
475,278
258,173
153,447
286,286
167,301
869,986
4.57.I6O
769,680
429,405
261,839
142,357
261,496
171,388
972,601
510,012
867,128
427,350
326,465
175,297
166,535
99,143
149,119
88,623
125,867
75,491
41,797
33,605
17,488
21,389
289,834
352,602
1,712,090
258,049
327,811
6,096,486
3,258,495
1,566,730
3,398,201 3,221,672 1,428.625 1,269,257
1,443,760 1,151,256
10.817 def. 33.168
3,050,138 2,525,853
20.685 def .61,653
3,155,851 2,717,986
739,793
570,588
6,418,339 5,747.525 1,449,310 1,207,603
Dec. 109,490
Dec. 8,753
Jan. 1 to Feb. 28...
Dec. 96,251
Inc. 61,105
Pilts. Mar &Chic.,1TJan.
2,512
3,646
624
570
Pitts. Shen. & L. E.TTJan,
21,675
19,021
7,145
7,352
Pittsburg i& West'n.lTJan.
107,040
115,524
32,738
51,646
Pitts.Cleve.&Tol.UJan.
29,371
32,635
def.33
3,181
Pitts. Paines.&F.TTJan.
15,589
17,942
216
3,813
Total system
152,009
166,101
32,921
58,640
IT -Tan.
Pitts. Youugs.&Ash.TjFeb.
48.517
93,045
5,689
34,865
Jan. 1 to Feb. 28.
103.344
199,257
11,986
73,902
Pres. & Ariz. Cent. ..Dec.
11.088
1 1,400
5,911
8,229
Jan. 1 to Dec. 31...
134,594
128,508
88,269
83,315
Quin. Omaha &K.C. IT Jan.
22,480
18.026
7,918
4,104
Richmond & DanvilleJan. 1 to Dec. 31...
July 1 to Dec. 31...
Virginia Midland
Jan. 1 to Dee. 31...
July 1 to Dec. 31...
Char. Col. & Aug.—
Jan. 1 to Dec. 31...
July 1 to Dec. 31...
—
Col.
<fe
Greeuv.—
Jan. 1 to Dec. 31...
1 to Dec. 31...
July
West No. CarolinaJan. 1 to Dec. 31...
1 to Dec. 31...
July
Wash. Ohio
& West.—
Jan. 1 to Dec. 31...
July 1 to Dee. 31...
Ash. & Spartanburg—
Jan. 1 to Dec. 31...
July 1 to Dec. 31...
Rich.
&
July
Peter8b'g.1T.Ian.
1 to Jan. 31...
Rio Grande West'n..Jan.
July 1 to Jan. 31...
Rome'Water.& Ogd..Jan.
Illlnols Central* IT... Feb.
Jan. 1 to Feb. 28...
150,133
121,225
12,303 def.2,941
86,444
66,428
5,620
7,939
25,368
27,236
7,854
7,946
181,789
176,164
57,545
50,115
197,973
116,825
68.884
22,918
1,397,626
952,614
579,594
360,192
310,985
283,037
122,773
109,763
2,396,089 2,341,295 1,071,798 1,079,094
6,432
359
1,334
5,881
125,426
104,287
53,201
53,861
1,336,910 1,110,426
496,432
568,889
90,700
87,243
21,031
12,705
964,504
877,349
373,352
288,619
41.776
344 def. 4,164
36,565
91,236
72.035
5,834 def. 8,686
558,635
495.339
153,510
189,305
41,347
11,131
22.447
16,890
300,773
121.691
136,454
59,189
13,341
6.573
10,016
2,847
105,674
54,547
46,596
80,881
29,692
11,139
310,046
133,648
33,949
15,109
177,747
142,284
80,881
40,728
1,048,050
435,129
237,626
869,734
1,431.296 1,270,417
424,189
July 1 to Jan. 31...
300.175
2,916,376 3,625,838
801,577
718,999
& Huron. ITJan.
July 1 to Feb. 28. ..12,158,123 11,481,984 3,835,240 4,373,186 Sag. Tus.
dt.L.Alt.&T. H.bchs.Dec.
Ijid. Dec. & West... Wan.
32,343
40,215
12,715
3 354
Jan. 1 to Dec. 31...
July 1 to Jan. 31...
298,019
262,459
91,3J7
69,460
8t. Paul & Duluth
IT Jan.
Iowa CcntralTT
Jan.
127,341
121,768
28,242
32 493
July 1 to Jan. 31...
July 1 to Jan. 31... 1,055,235
975,791
318,384
263,693
San Fran. & N. Pac.Feb.
Jack. Tam. &K. W.?"! Jan.
79,165
79,802
31,784
31813
Jan. 1 to Feb. 28...
July 1 to Jan. 31...
334,935
353,540
77,389
62,743
July 1 to Feb. 28...
Kanawha & Mich. .llJan
24,619
22,383
6,505
4 524 8av. Am. & Mont. IT -Jan.
July 1 to Jan. 31...
218,757
182,027
70,459
45,278
July 1 to Jan. 31...
Kan.C. Ft.S.&Mem.Jan.
367,124
410,026
92,726
119225 Silverton
Dec.
July 1 to Jan. 31... 2,838,764 2,996,668
816,782 1,018,'780
Jan. 1 to Dec. 31...
Keokuk & Western. HJan.
31,069
32,326
14,520
15,108 Sioux City&North. ITDec.
Erie All. & 8outh.1T.Tan.
5,601
4,655
'449
1,037
Jan. 1 to Dec. 31...
l*ke.E. <St We.sfrn.1IJan.
ITJan.
251,998
242,715
107,223
92,474
Iieh. & Hud. Elver. UJan.
Jan.
31,801
24,014
7 'inn South Carolina
8,289
July 1 to Jan. 31...
July 1 to Jau. 31...
220,334
173,756
76,550
71,732
IiOul8v.dc Nashville. Jan. 1,590,515 1,571,827
Southern Pacific Co.—
585,859
613 S'>^
July 1 to Jan. 31. ..11,624,890 11,290,484 4,379,628 4,668,943
Gal.Har.&S.AutTT Jan.
341,165
334,210
55,369
57,359
Loul8V.N.O.& Tex. UJan.
Louisiana Westu.H Jan.
49.663
377,712
87,088
374,905
94,376
26.787
124,746
143,715
Memph.&Cha'8t'n...Dec.
182,457
Morgan's La.&TexH Jan.
225,240
143,065
184,162
605,234
446,369
71,696
q2'6''n
Jan. 1 to Dec. 31... 1,849,390 1,729,164
481,920
55o'656
N. Y. Tex. & Mex.T Jan.
14,326
14.476
def. 532
def. 3,623
July 1 to Doc. 31...
984,115
918,455
293,674
326|483
Tex. & New Orl'nsU Jan.
124,915
80,345
175,645
37,367
Mexican CcntralTI... Dec.
631,056
631,768
803,173
291.529
Total Atlantic sys.H Jan. 1,182,218 1,065.076
326,811
341,045
Jan. 1 to Dec. 31... 6,425,694 6,337,225 a2,424,524
02,825,399
Tot. Pac. system..^; Jan. 2,670,973 2,068,338
300,948
969,237
Mexican National... Jan.
345,601
332,097
87,630
83,018
Total of all
Mil. & Northern.. ..UJan.
ITJan. 3,853,191 3,133,414 1,310,232
627.759
128,601
99,909
44.745
Si'si?
July 1 to Jan. 31...
981,713
Southern Pacific RR.—
789,600
390,784
286|897
Minn. & St. Louis.. IT Jan.
Coast Division ... IT Jan
127,119
116,440
22.173
30,158
109,700
104,785
42,946
saVifi
July 1 to Jan. 31 ..
989,979
961,348
Southern DivlatonTi Jan.
508,929
78,220
435,991
177,991
349;321
360772
Mlnn.8t.P.&8.S.M.1IJan.
150,674
205,697
Division ITJan.
47.782
Arizona
186,010
67.161
52,695
146,797
86 388
Kash.Chatt.* St.L.TIFeb.
292,523
279,315
New Mexico Div. ITJan.
28,393
92,664
41.111
113,699
.73,461
lUH-.'s
Jan. 1 to Feb. 28...
6.50,236
587,901
217,591
240202 Staten I. Rapid Tr. .Jan.
55,139
51,617
2.241 def. 3.294
July 1 to Feb. 28... 2,725.234 2,428,726
1,119,801
998846
July 1 to Jan. 31...
183,144
637,521
573,204
229.122
HewOrleansAGalf.TTJan.
18,015
14.686
2*172 Stony Clove &C.M.TI Jan.
3,581
def.448
1,107
1,151
def.354
H.Y.L.E.& Western .Jan. 2,172.279 2.155,785
577,252
612'4fi9 Summit Branch
11.660
HFeb.
91,872
53,863
32.537
Oct. 1 to Jan. 31... 9,777.076 9,627:819
3,145,108 3 2479?
Jan. 1 to Feb. 28...
205.759
116,195
39.462 def.21,362
K.T.&NewEng....pec.
482,779
473,286
133,870
168 401
Lykens Valley... HFeb.
9,939
63,786
43,195
15.185
Jan. 1 to Dec. 31... 6,029,125 5,650,501 2,0O3;717
1923 582
Jan. 1 to Feb. 28...
138,572
6.083 det.14,733
98,894
N.Y.&Northern1T..Jan.
33,325
40,626
1077
2'«fiQ
Total both Go's.. .TIFeb.
21.599
155,657
47.722
97,057
July 1 to Jan. 31...
282,366
349,146
5i,927
67017
Jan. 1 to Feb. 28...
344,330
215,387
45.550 def. 36.094
M.T.Ont.dtWesfn..Jan.
211,800
139,231
31038
ll'iQi
rallad. & Coosa V. Wan.
2,283
July 1 to Jan. 31... 1,638,565 1,301,910
1.412
5,653
6,408
4oJ,07S
25li?9
July 1 to Jau. 31...
18,196
44.666
15.843
39,414
N.Y. 8u8q. A We»t...Dec.
130.048
124.237
62 659
--^ an
Tenn. Coal Iron & RR. Jan
103,300
Jan. 1 to Dee. 31... 1,592,083 1,402:466
t 42.000
701,11.5
583 573 Tennessee Midl'd.
4,183
Norfolk A Western.*. Jan.
ITJan.
5.940
17,429
16,195
694,750
657,620
187 249
193' ifi40,970
July 1 to Jan. 31...
140.866
126,125
48,947
Horthem Central... Jan.
495,561
659,118
131,851
Ifl^'^cjs
9,149
Toledo Col. & Cin. ITJan.
23.061
21,069
10,339
Northern Paciac... Jan. 1,7.52,139 1,177,400
601950
81,064
July 1 to Jan. 31...
SaiMQ
183.967
164,235
68,310
July 1 to Jan. 31. .. 16,199,753 13;832;766
7,120,702 6 lH'osl Toledo* Ohio Cent. ITJan.
37,046
25,277
105.152
95,800
Wisconsin Central.Jan.
371,720
325.579
105-40
7ci'rr:^
345,207
July 1 to Jan. 31...
310,171
945,470
825,604
July 1 to Jan. 31... 3.290.785 2,81i:025
l,22i:57S 1 108'486 Tol. Peoria & West.
14,511
14,543
69,658
71,703
II Jan.
Total hoth Cn.'g.Jan. 2,123,859 1,502,979
707 690
133,515
iRj'aoT
July 1 to Jan. 31...
149,162
559,673
563,328
July 1 to Jan. 31.. .19,490,539 16,613,787
8.342,272 7,2tt6;568 Ulster & Delaware .Jan.
4,449
4.133
19,665
17,008
IT
. .
U
,
.
.
'
. .
.
'
J
March
THE CHROMCLE
SI. iSbl.j
(Iron Samingi.
yrt Knrninat.— ->
1890or'91. 1883or'90. IBOOor'Ol. 18H9or'90.
.
9
lUMutf.
9
«
S
Union PncltlcOreg. 8.L.A U. N.HJan.
Ore.Ry. & N. Co.H .Jan.
Un.Pac.D.&Oiiir.HJau.
St. Jon. <& Od. I»I. U.Jan.
632,003
473,857
389,060
49,842
Jim 1,480,370
All otbor llnosll
Total Un.Pftii.ByB.iTJuu. 3,025,792
44,714
C«nt.Br.&L.<>n8.L.1IJan.
Total controlled!. TIJan. 3,070,500
Montana Union It .Jan
84,607
2,108
3,026
.
Leav. Top.A S.W.UJau.
Uan. Alma <& Bur. U Jan.
RondD ,)olntlyowned—
44,871
Jan.
One-haini
Jan. 3,115,377
Grand total"!
263,034
Cn. 9tk.Yd8.4T. Co.Jan.
094,852
Jan.
WabOHh
July 1 to Jan. 31... 7,979,223
24,131
Wash'gfn Southemlf.Jan.
93,080
Wan.
West Jersey
91,770
W.Vo.Cent. A Pitts. .Jan.
290,575
West. N. Y. * Penn.Jan.
July 1 to Jan. 31... 2,177,531
92,391
Wlieel. & Lake Erie. U Jan.
704,574
July 1 to Jan. 31...
Whltebr'st Fuel Co. .Jan.
July 1 to Jan. 31...
9,100
Wrights.* TonnlUe.!! Jan.
58,966
July 1 t« Jan. 31...
«
K pamgrnph mark added
333,043
293,332
809
120,240
150.190 aMOO.687
413,267
72.837
111.074
123,173
4,327
34.720
40.'i,970
1,431,804
307.245
2,427,536
902,067
373.887
108,010 Uef. 12,171
48.344
2,530,452
080,480
422.230
00,386
11,482 det.80,'«46
2,607 def. 3,032 deJ. 3,227
2,080 def. 1,446
030
32.836
3,022 def. 40.218
2,569,288
083,508
376,012
238,984
183,333
178.622
1,121,909
208.000
330.017
8,394,596 2,220.932 2.618.530
23,121
7,790 dof.4.738
84,507 def.0,893 def. 1.631
69,377
31,521
21.728
256,272
84,220
67,752
2,195,483
701,912
517,007
82,859
30.9*iO
28,840
57'^,087
275,758
228.024
9,400
19.977
01,734
87,260
7,625
4,88s
3,870
52,468
18,388
22.937
name
Wnw
after the
in this is.iue.
Whdlc system. IncludinK Iowa
lines.
Tliere w:i» a strike tlie present year.
t
o The subsidy eoUeelions anioiintia to $1,316,383 In 1890, against
$1.105,(i:t2 in Ihs'J. i IncUules in liiith years Scioto Valley Division and
Maryliiiici & Washington Division (Shenandoah Valley.)
5
Main
line
Under the head of general liahilitie« will be not«d Texaa
achool fund loan, $147,109. The Fidelity Trust CompAnv, of
Philadelphia, holdn |107,000 new flrst mortgage bond* in
trust to protect thiji lukn, which can be applied at aur tima
to itH cancellation.
Of the old iKJuds unredeemed, |M,000 are temporarily held
by the trustees of the Texaa
Pacific Land Truat, and can
be considered a« redeemed.
Statement of betterment* added from January l*t to Decem-
&
ber 8l8t, leso.
New iteel raila
figg
liMs proceed* of old ralU lold
9160,837
$176,183
20,770
73,633
New equipment
New
mo
48|aM
Bridcee
of a road Indicates that
the Hirnics for that road have not previously been given, but appear
for thi' llrst
I
'
461
DUtldlng*
New Orleans
"El Paso
Tenolnol Property at
•^
MO.lOO
Sl^BOO
«8e,eo»
9638,341
9363,488
Total Including minor items
Total charged to operating expenses
"
"
" Income account
204,763
9628,341
The comparative statistics for 1898, 1889 and 1890 have been
compiled for the Chronicle as follows:
OPERATIONS AND FISCAL RESULTS.
1888.
Miles operated
1,487
Operaliont
Passengers carried
060,171
Passenger mileage
?9,462,794
2-60 cfs.
Rate iMT passenger per mile.
1.238.3H8
Freight (toufli moved
Frelglit (tons) milcige
323.154.900
1-36 cts.
Average rate per ton per mllo
Earniiigt—
*
Passenger
1.556.735
Krelght.
4,380.107
Mail, express, Ac
437.544
—
1889.
1,407
1,054.083
61.50H,509
2-72 cts.
1.144,751
361.935.642
1890,
1,409
1,237,691
72,653,666
2 01 cts.
1,014,375
398.921,292
1-34 cts.
1-26 cts.
$
9
1.675.474
4.863.630
388,698
1,894.177
6,024,960
408,666
only
—
The following roads, in
Interest Charges and Snrplns.
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
tinier" t, rentalii, itc.—, ^Bal. of Net. Eorii».~
1890;
1891.
]b
Ronilt.
Flint & Pere Marq.Jnn.
Grand KHpids&Ind...Jau.
Jan.
Total System
Nash. C. A St. Louis.Feb.
July 1 to Feb. 28...
46.262
67,856
85,481
90,308
707.792
.
•
1891.
^
JD
1890.
s
43.829
9,140
5,105
69.091 def.20,157 def.30.196
86.771 de(.31,472 def.39.559
75.379
23.391
39.470
034.390
412,009
364,447
Total gross earnings
Operuling expenses
6.374,380
Toies
General
Total
Net earnings
P. ot. of oper.
Texas
&
December
5,800,705
1,407,006
79-98
1889.
1890.
9
$
1,671,744
178,009
1,407,006
1,433,653
—
9
1.302.717
130.930
Total Income
Pacific Railway.
the year ending
5.240.058
1,671,744
75-83
1888.
Reeeipts—
CFor
1,379,716
201,070
1,606,930
2,170,914
188.361
223,714
exp.toeams...
INCOME ACCOUNT.
Net earnings
Other receipts
ANNUAL REPORTS.
7.327,711
1,241,608
283,513
1.513.242
1,824,772
173,110
209,717
5,071,009
1,302,717
79-56
Transportation
0,917,802
1,019.440
280,633
1,735.550
1,001,087
143,213
192,737
—
MaiutenaiRC of way
Maintenance of oars
Motive power
1,830,653
1,618,162
73,461
916,792
260,676
109,665
1,279,490
94,978
1,279,400
151,156
rH^bursi'.ments
Rentals and sundries
lutereet on debt
Kxpenscs prior to Dec. 1, '87
£quipment. car trust, Ac
31, 1890.^
The annual report says: " At the commencement of the
306'.383
174,104
year your company had still remaining in the track 284 miles
of iron rails. During the year 5.000 tons of new 63-lb. steel
Total disbursements
1,260.920
1,503,319
1, ,764,861
rails were purchased for cash and laid on the Eastern Division,
Balance
sar.182,724 sur. 287.334 def. 140,689
where the traffic is heaviest, the lighter steel rails taken up
GENERAL BALANCE AT CLOSE OFjEACH FISCAL TEAR.
old iron rails on the Rio Grande
being used to replace the
1888.
1880.
1890.
Division."
The percentage
9
was
RR., bnlldings, equip.,
"
Car trust accbiinf
Lt
N. O. Pac. RK. stock
Bonds owned, cost
Gordon coal mine.
Betterments
Ac
9
9
80,242,103
280,066
6,708,400
8,765,051
130.015
777,062
214,787
177,150
700.443
121,134
82,924
A.stet»—
of operating expenses [for the year
77-41, against 73-33 in 1889.
80,488,638
262.000
6.712.500
•6,757,747
136.976
80,,474,267
169.448
221,119
090,140
107,093
82,500
229,484
167,644
789,788
149,126
90,417
94,993,232
94,064,413
The year 1890 opened with the promise of a very large
over
but
the
and lucrative business for your road,
which occurred
in
Mississippi
River,
flow of the
Materials, fuel,
March and extended through April Ca.sh on hand Ac.
of
the month
and May, putting some miles of your track under water, Due from agents. &e...
interrupted traffic on the line, and involved considerable loss L.inil notes receivable.
Miscellaneous accounts
of revenue. This, with the partial failure of the wheat and
oats crops in Texas, and the demoralization of rates during
Total assets
05,207,734
July and August, will account for thediminished net earnings
LiahitUies —
38,706,800
The tonnage handled Cajtital st-ock
for the year, as compared with 1889.
Bonds and
54,546,942.
by your "company was largely in excess of the previous year, Equipment interest scrip
218,901
and other notes..
but the revenue per ton per mile derived therefrom was the Voneliers and pay-rolls
749,760
lowest ever received, being but 1-26 cts., against 1-34 cts.
If the rate obtained had beenlthe same as the year
previous, the net earnings of 1890 would have been increased
|819,000. or over 19 per cent." * * "Particular attention is invited to the increase in revenue from passenger traflfic and the
increase in the number of passengers carried one mile, which,
with the marked increase of freight traffic, reflects the steady
growth of business on your line, and the rapidity with which
tiie State of Texas is growing and prosperity attending aU
commercial enterprises within its borders."
The current floating indebtedness and assets at the close of
the fiscal year were as follows
DEBT.
Vouch'9 and pay-rolls unpaid.inclnd'g balances due other roads ^835..)i»6
Bills payable, equipment obligations, etc
Siu'S )u
Interest due and accrued
tin ^-?
i79.t>.Ti
Unadjusted accounts, in suspense
in 1889."
91,486.472
Due from agents and foreign roads
Caah
^
Land notes rcc«lvabie
Material on hand
Unadjusted accounts
*?§2'Z??
167.544
Ai2'i25
^SS'lfi
0«,4ic
91.432,358
1,712,600
,778,0 11
!
136,276
....
38,710,900
54,278,340
387,448
700,261
224.439
398.519
287,336
38,710,000
64,202,416
262,995
740,173
210,529
680,078
182,726
Interest due and accrued
Other accounts
Income account
Total UabUitles.
131,000
05,207.735
04,003,232
04,064,413
218,22»
339,066
140.644
Consists of Texas A Pacific 2d mortgage bonds. 91.763,000 ; 93,961.000 Ist mortgage bonds held to retire 1st mortgage Eastern DiTlaion
bonds and Texas School Fund loan; and 964.010 other securities.
*
Chicago St. Paul Minneapolis & Omaha Railway.
CFor the year ending December 31, 1890..^
The annual report of President Hushitt says that the
amount of bonds outstanding is $23,501,800, no increase having been made during the last two years.
The passenger earnings were $1,677,130, a decreaae of
64-100 per cent. The total number of passengers carried
one mile was 68,546,399, an increase of 2 4-100 per
cent and the average rate per passenger per mile was 2 4471000 cents, a decrease of 2 6.3-100 per cent, which is e<|uiv»len»
to a reduction in earnings of $45,451. The freight earnings
were $4,845,891, an increase of 9 99-100 per <*°'- , T*>« *2Sr
number of tons of freight carried one mile was 481,897,890,
an increase of 17 per cent, and the average rate per ton pw
mile was 1 7-1000 cents, a decrease of 5 98-100 per cent, which.
;
THE CHRONKLE.
462
amounts to a reduction
applied to the gross tonnage carried,
8310,379 in the freight revenue for the year.
of
leaving
During the year 1890 31,293 acres of land were sold, of the
receipts
588 493 acres unsold December 31. The net
tor
West Wisconsin, North Wisconsin and Superior grants
income account, were ^ou,tiie fiscal year, included in land
payments on
715 being amounts received for lands sold,
expenses <'| the denotes and contracts, interest, etc., less the
$l(ib,Uby,
partment, taxes, etc. An additional amount of
representing
iot belonging to the operations of the year, but
"
January 1,
tbe accumulat ions of the Superior Grant prior to
during the year
1690, was taken into land income account
of
and wUlapptar as a separate item in the usual statementrebills
iocome account printed herewith." The balance of
is ^964,ceivable and land contracts now held by the company
The following statistics for four years have been compiled in
the usual form for the Chronicle.
OFEKATIONS AJ.D FISCAL EBSrLTS.
1889.
1888.
1887
1,399
Earnings—
1,748,225
4,902,910
289,738
1,647,946
4,447,586
315,605
1 ,687,909
4,405,450
324,499
Tot. gross earnings
Opcr. exp. and taxes
6,940,873
4,633,615
6,411,137
4,648,158
6,417,858
4,484,412
Net earnings
P,o.otop.exp.toeam
2,307,258
66-76
1,762,979
72-50
1,933,446
6S-38
INCOME ACCOUNT.
1888.
1887.
Total Income.
Disbu rsemen is
—
6,069,956
4,125,600
6,608,797
4.921,759
Net earnings....
2,073,484
2,109,821
1,944,356
1,687,038
interest on debt
Dlv. onpref stock..
Kate of dividend
IjOss on prop, roads.
Tot. disbursem'ts
Balance, surplus
is
506,062
2,494,873
Otlicr receipts
Total income
jyifibnrsempnts
81,035
1,323,614
450,272
675,408
(4)
(4)
(6)
9,609
1,851,280
417,761
1,864,530
aross amount, not net.
tXhls
is,
2,417,449
2,447,728
2,209,989
460,819
902.910
545,946
470.706
926,505
571.966
464,870
931,481
571,975
79,495
293,828
1,957,872
366,737
2,048,672
368,776
2.262,155
185.573
2,152,527
57,462
*
t
8
8
8
Includes rent of roads and Interest on their equipment,
Includes car trusts.
GENERAL INVESTMENT NEWS.
—
Atlantic & Danyille. The receivers of this railroad company have been empowered by the United States Court to
issue certificates of indebtedness amounting to $350,000, to be
expended for betterments and other purposes.
1,823,231
823.301
630,342
2,324,609
Balance, siu-plus..
7,309
2,104,061
897,652
1890.
1,687,038
522,951
Tot. disbursem'ts..
(4)
10,010
1889.
1,944.356
503,372
48,196
Dividends
Kate of dividend
Miscellaneous
450,272
8,409
1888.
2,109,821
307,628
475.572
924.039
526,260
7
226,656
Interest on debtt
85,422
1,280,228
1,337,956
—
E'nt'lsl's'd lines. &c*
2,646,535
81,265
1,309,733
450,272
455,054
1887.
2,073,484
251,125
EecHpts—
Net eaminKS
450,715
tl36,069
2,269,041
1,020,0.38
INCOME ACCOUNT.
2,059,751
561,426
$
6,203,394
4,093,573
$
1,933,446
82,288
pixid
•In 1887
$
1,762,979
1890.
1,173,121
4,980,622
6,212.926
4,139,442
1890.
^
2,307,258
654,501
39,954
3,001,713
Ncteajnings
Net from land grants
Other receipts
Net rentiils
1889.
$
Jiccfim ts~~~
S.
Gross earnings
Opej'atlDg expenses.
2,059,751
69-92
..
1889.
4,534,800
603,732
6,848,320
4,788,569
MailTexpress, &c.
if
i, 064.862
4,700.274
492,614
1,677,130
4,845,392
325,798
Freight.
$
1,101,722
4,499,304
468,930
MileB operated
Operutioiis—
:,433,79o
1,418,920
1,364,740
1,365,887
Passengers carried.
68,630,4ol
Passenger mileage. 66 711.317 66,525,293 67,202,316
2-45 ets.
2-48 cts.
2 52cts.
2-62 cts.
Kate per pass. perm.
S,036,456
2,480,534
2,475,222
jrreiEumuusj euii ^ 2,624,392
Frelglit (tons) carr'd
373:718 396,310,425 411,451 ,034 <t81,397,89o
F^ei|httons)'mil'ge.435
1-07 cts.
1-13 cts.
1 01 cts.
1-14 cts.
At. rate per ton p.m.
Passenger
1888
1887.
—
Earnings
Passengers
Freight
Mail, exp. &ml3oeIl.
1890.
1,394
1,394
1,3S4
[Vol. lit.
"old amount fi-om
Superior grant."
Northern Central "Kailway.
December 31, 1890.^
—
Baltimore & Ohio. The last circular of Messrs. John A.
Hambleton & Co. said " The B. & O. Railroad applied to the
Stock Exchange to have listed 89,750 shares of Baltimore &
Ohio trust stock deposited with the Farmers' Loan & Trust Co.
under an agreenaent to consolidate the voting power and place
the same in the hands of Mr. Charles F. Mayer and his nomineeg for a term of three years from June 33, 1890. The stock
was listed, and will be regularly called. The Garrett family
deposited in the pool 60,300 shares, from which it will be seen
:
&
that the Garretts have increased their holdings in Baltimore
Ohio 10,000 to 18,000 shares, which amount, no doubt, they
acquired from the 44,890 shares which the Bacon syndicate
purchased last summer from Baltimore City and the Hopkins
University."
Chicago
& Northern
Pacific.— On subsequent pages of
this issue will be found a carefully prepared abstract of the
Northern Pacific Railroad, leased
mortgage of the Chicago
to the Wisconsin Central, which lease has been assumed by
the Northern Pacific.
&
Central of Georgia— Georgia Pacific-Richmond Ter
niiual.— lease of the Central R. R. of Georgia has been made
to the Georgia Pacific which in turn is leased to the Richmond
6 Danville. The stock of the latter being owned by the Richmond & West Point Terminal, the chain of control has now
been perfected. The charter of the Central of Georgia provided that the directors of the company should all be residents
of the State of Georgia, and although the Terminal owned control it was deemed advisable to bring; the property directly
under its management by means of this lease, the Georgia
Pacific being selected as the lessee company and guaranteeing
7 per cent per annum on the capital stock of $7,500,000.
ClcTcland Akron & Columbus.— This company has just
had listed on the New York Stock Exchange $600,000 of its
equipment .trust and second mortgage 6 per cent gold bonds.
In the application for the listing Vice-President Horsey presents a very .full statement of the company's affairs and on a
subsequent page of this issue of the Chronicle it may be
found at length. On January 1 the first mortgage 6 per cent
bonds were replaced by a bond bearing 5 per cent. The new
equipment bonds are authorized to a total of §890,000 ($5,000
a mile) and are issued to pay for new equipment, on wbich
they are a first mortgage the mortgage provide that the
trustees in case of default of interest m.ay take possession of
traffic.
Tiie bonds are further
The total charges to capital account for the year were the said equipment on five days' notice.
secured by being made a second mortage on the road and all
("For the year ending
A
The report of the President, Mr. Geo. B. Roberts, states that
tbe aggregate movement of bituminous coal was 2,233,785
tons— an increase of 510,386 tons, and of anthracite coal
3,998,543 tons— an increase of 74,227 tons. The tonnage of
both classes amounted to 5,231,i<38 tons, as against 4,646,815
for the preceding year, being an increase of 584,513 tons.
The main items of tonnage, besides coal and grain, were
lumber, iron ore, manufactures of iron and petroleum. The
amount of grain received at the elevators at Canton, as compared with the previous year, was in 1890 11,366,236 bushels,
iii 1889, 8,757,334 bushels— an increase of 3,508,902 bushels.
The tonnage mileage shows an increase of 17*393 per cent,
and the gross receipts from freight traffic an increase of
10'698 per cent. The passenger business for the year shows an
increase in mileage of 6'06 per cent, and the revenue received
therefrom increased $71,399, or 6'48 per cent. While the
increase in the gross earnings was quite large, there was a
still larger increase in the expenses, resulting in a decrease of
net earnings of $257,318 as compared with 1889. This increase extended through all the departments, the excess in
motive power and transportation expenses being largely due
to the additional volume of both freight and passenger
$311,389, made up as follows: Equipment, $38,411; real estate,
$6,879, and construction, $170,999.
" While the net earnings of the property for the first six
months, as in the previous year, did not, in the judgment of
the Board, justify a greater dividend than three per cent, the
results of the last six months allowed the declaration of a
dividend of four per cent, making seven per cent for the
year. To provide a portion of the necessary capital for construction purposes, including the erection of the two grain elevator*
now building at Baltimore, the privilege was given to stockholders of record April 7, 1890, to subscribe at par for live
per cent of their respective holdings. The amount realized
in payment for 7,363 additional shares thus issued was
$368,150.
The comparative statistics. for four years have been compiled
for the Chronicle as follows :
Ol'ERATrONS ii FISCAL BE80LTS
1S87.
1888.
1889.
1890.
Eoftd operated
377
377
377
377
Opfrrations—
PaHseng'scani'd No. .?,734.105
Pass, car'd one mil?. 44,420,606
Rate
3,957,154
47,640,515
4,227,120
.50,088,203
4,617,976
53,123.788
1-840 cts.
16,078,663
2-29ii cts.
p. pass. p. mile.
2 235 cts.
2-200 cts.
FrelL'ht loii»)ujnied 13,269,561 14,014,275 14,104,18;
Fre'tttons) one mile. 05.241,815 709,350,802 715,771.293 8-10.267!263
Bate p. too p. mile.
0-666 cts.
0-689 cts.
0-629 cts.
0-093 cts.
;
the property.
The net earnings for Janu.iry have come to hand and make
the total for the seven months since July 1 $143,986, a gain
of $24,036 as compared with the corresponding period last
year.
Ciereland & Canton— Cleveland Canton & Sonthern.—
mortgage for .55,000,000 has been filed by the Cleveland
Canton & Soutliern. This is a short road of some two miles
that gives the Cleveland & Canton, via its allied line, the
Coshocton & Southern, entrance into Zanesville, Ohio. It is
contemplated, in time, to bring all the mileage into one company, the Cleveland Canton & Southern. Fifty-year 5 per
cent bonds will I.e issued under this new mortgage, from time
to time, to provide for the needs of the system.
Comstock Tunnel. This company, after paying up both
of its coupons due in 1890. advertises that it will apply $89,544
to the purchase of its income mortgage 4 per cent bonds for
A
—
Proposals are invited from holders until April
cancellation.
2, 1891, and if the bond.i are obtained at or under 45 (they are
now selling near 40) the amount retired would be about $300,000;
the whole ainount outstanding at the date of last report was
$3,139,000. The next coupon falls due on May 1.
The section of the mortgage under which the purchase of
March
THE CHRONICLE.
31, 1691.]
468
Now Bonds and Stocks Aathoriz«d or Offered. —The followmade reads that the company will annually, " on the
day of November, set aside one-half of tlio surplus of its ing ia a list of new issues of securities now offered for sale, or
net income for the year ending on the flret day of September loon to be offered
next preceding, after payment of interest,. to be applied to
STATES, CITIES. COUimES. AO.
buying and canceling a p(jrtion of the said bonds upon tlie Anokiuon, TiiXAa.--$30,000 county court-hoiue bondn arc authorised.
Offers of bonds shall bo invited and tlio low- Anokiuion CX)U.NTr,TKSM.— $10,000 Jiiil l>oD<U are to be Isiued.
following plan
ADOiiKTA, Da.—SlOS.OOO'JO-yearliapor cent bonds (or funding, Ac.
est offers accepted if under 75 jn^r cent, or the party of the
nro authorized.
first part may. at its option, buy bonds in the open market
AvoNUALE, Ai,A.— New bonds arc anthori»Hl.
at any price. All bonds so bought shall be promptly can- Bkkvillk, Tkxah.— $20,000 school bonds arc proposed.
Bbdfobo Citt. Va — $a.'i,000 market. Ac, bonds are proposed.
celtd.
If bonds shall not be purchased to the full amount
BiBKiar Co., W. Va.—{^100,000 rood-maoadkmlzliig bonds are pro*
available, the party of the tirst part may use the whole or balposed.
ance of said amount, in its own discretion, for the purpose of Bio Lake, Siiebbcbxe Co.. MiXN.— Bridge bomls are to be Issued.
BuAmEitii, Minn.— Dam bondn are to be IsHued.
maliing improvements or extensions on its property, or for
Qa.— $1100,000 new bonds arc proposed.
paving dividends additional to those which have been de- Bui.'NSWicK, Minn.— Bonds (or floating debt and $25,000 local iof
Carltom Co.,
l)oiuls is
first
:
:
clared out of the other half of the surplus net income."
Kieman's report says " The Comstock Tunnel Co.'s stock
and bonds have been quite active lately at advancing figures.
The rise is based on the company's excellent condition. It
has just paid two overdue coupons on outstanding 4 per cent
bonds and now calls for $90,000 worth of these bonds for the
sinking fund. There will still remain over $150,000 cash in
the treasury afier paying for these bonds."
:
Lehigh Valley.— In the Coxe case, the Inter-State Commerce Commissioners decided, March 13, against the railroad company. The questions presented for the determination
were the alleged undue preferences, unjust discrimination
and unreasonutjle rates. Complainants alleged that the Lehigh
Valley Railroad Company carries anthracite and bituminous
coals over the same distance in the same direction under different classitications, but that the two coals are a like kind of
freiglit, and should be classed as one kind of freight.
Also,
that the average rates per ton per mile charged by the Lehigh
Railroad Company ou anthracite coal are higher than on
general freight, and that the rate of $1 80 per ton of 2,240 jwunds
to Perth Amboy from the Lehigh coal region, a distance of
about 135 miles, id excessive and unreasonable, " and should
be reduced to what the Commission may decide to be a reasonable rate." In concluding a long argument on the subject of
a reduction of rates on all sizes of coal to tidewater, the decision says: "The practicable and necessary adjustment of
the rates on such east-bound short distance traffic which we
have determined upon as reasonable per ton of 2,240 pounds,
from the collieries of complainants to Perth Amboy, is, on
the prepared and larger sizes, $1 50 on pea $1 25 on buckwheat and culm $1 05." The rates were $1 70, $1 40 and
|1 20 per ton, to go into effect April 20, 1891.
;
provement bonds are proposed.
Cbattasoooa, Tknn.— $100,000 improvement bonds arc proposed.
Cheatham, Co., Tenn.— f lO.OOO bridge bonds are proposed.
CI.AKK8VII.I.E, Tknn.— $100,000 improvement bonds are proposed.
Cincinnati, Ohio.— j5,00(i,0()0 lionds have been authorized.
East Portland, Okegon.— $250,ooo T> per <e»t .lO-year bonds Bid
will be received by
.1.
T. atewart,
Mayor,
till
April 13.
Oahdek City (Town), Minn.— New bonds are propc^sed.
Obeat FAMJt, Montana.- $.">0,000 school bonds are to be Issued.
Hannibal, Mo.— $20,000 electric light 5 per cent bonds, due
April
in
20
Bids will be received by Goo. C. Moore, City Clerk, tU
years.
6.
Hickman, K v.— $20,000 water bonds are proposed.
HlCKOBT, N. C— Water-works bonds are proposed.
Keenk. N. II.— Bids (or the $l.'),000 water 4 per cent. bonds will be re*
celved by J. R. Beal. Treasurer, till March 28.
Jackson, Minn.— $10,000 water bonds are i)roposed.
Jbffbbson Co., Tenn.— $50,00J to $100,000 road and bridge bonds are
proposed.
Leipsic, PtiTSAM Co,, Oiiio.— New bonds are authorized.
Montgomery. Ala.— $.'50,000 paving bonds have been authorized.
Miinticello (Villaoei, Minn.— Bridge bonds are proposed.
Monticeli.o (Town) Wbkjht Co., Mins,— Bridge bonds are proposed.
Nashville, Tens.- $100,000
street- widening
bonds have been author
Ized.
New Yobk Citt.- $1,250,000 dock 3 per cent bonds, due November 1,
"
1921, and 'C139,564cousol. stock " school house 3s, duo November
Bids will be received by Theo. W. Meyers, Comptroller,
1, 1908.
till March 25.
Northfielw, Minv.— PiiDlic improvement bonds are proposed.
Paynesville (Village), Minn.— New bonds are proposed.
Polk Co., Minn.— Railroad aid bonds are proposed.
Buea Co., Tesn.— New bridge bonds are jiroposed.
Richmond. Va.—$10O,0uo 4 per cent citj-hall bonds will be issued.
EUTLEGE (BououGii) Penn.—$3,850 6 (or less) per cent bonds, dao
1906. Bids wUl be received by T. J. Hunt, 623 Walnut St., Fhlla.
St. Vincent, Kittson Co., Mimn.— Court house and Jail bonds ar«
proposed.
Salbh, N.
C—$50,000 street-paving bonds are proposed.
Sauk Rapids, Minn.— $25,000 water works bonds are proposed.
Sandusky Co., Ohio.— $200,000 court house bonds are authorized.
South Pittsbubo, Tenn.— $20,000 sewer bond.* are contemplated.
South St. Paul, Mi.sn.— Bridge bonds are authorized.
Lonisville New Albany & Chicago.— The Tarious rumors TACO.MA, Washington.— $3.J0,000 city funding and $200,000 city hall
about negotiations for control of this road have finally taken
bonds, all 6 per cent, due in 20 years. Bids will be received till
April 10 by the Sinking Fund Commissioners.
shape in the announcement that a syndicate has been formed,
Vebnon Centeb, Minn.— Bonds to (und floating debt are proposed.
of which Messrs. Poor & Greenough, Gen. Samuel Thomas
Waltham, Mass.—$200,000 water bonds are proposed.
and others are members. It is proposed to take up the floatRAILROAD AND MISCELLANEOUS COMPANIES.
ing indebtedness of the Louisville New Albany & Chicago, Atlantic Avenue RE. (Brooklyn.)—New stock of $1 ,000.000 is pro*
po^ed.
but this is conditional upon the result of an examination of
the physical condition of the -road and an inquiry into its Brooklyn City BR.— New bonds are contemplated.
Columbia Iron & Steel Co., Pittsbubg, Pens.- $600,000 bonds are
financial status. Gen. Thomas and Mr. Greenough will into be Issued.
spect the property in company with Dr. W. F. Breyfogle, the
New Yorli Central & Hudson Eirer. The statement of
President. The company has "a floating debt of nearly $2,000,earnings, operating expenses, etc., for the quarter and nine
000, to meet which there are $2,800,000 consolidated mortgage
months ending March 31st, were as follows, March, 1891, being
fives in the treasury.
In case the examination is satisfactory
partly eetimated.
there will probably be a change in the directory of the comqvabteb ekdiko habch 31.
pany, and the syndicate will take the $2,800,000 bonds at or
1891.
1890.
—
near
70.
It is
terest of the
pany.
Gen.
denied quite positively that the deal
Lake Erie
&
Western or any
is
com-
Thomas
said to a World reporter yesterday, just as he
for Chicago
" The $2,000,000 required to take up the bonds has all been sub-
was starting
:
Boribcd and the agreement signed, subject to my inspection of the road.
We are to receive the bonds at 70. Practically the transaction amounts
to a loan of :f2,O0O,0OO to the company. The transfer of control of the
road to us is part of the agreement that is, the present board of directors are to step down and out, and we are to select ourown directors. If
they do not do that the deal will not go through. Of course, we can
foreci'ise the mortgage on the road if not x>aid when due, and on the
other hand the company can pay up the bonds wlien they want to. The
control which we are to have is simply delegated to us by tlie stockholders, as we could not vote ourselves into the Board as bondholders.
The proceeds of the bonds will be used to pay off the floating debt and
to put the road in condition."
EitimaUd.
Actual.
in the in-
otlier railroad
$
$
Gross earnings
Operatlngexpenses
P. c. opcr g expenses to earnings
8,790,847
5,815,095
8.57o,780
5,7 18,159
(66-15 p.
(6ti-69 p. o.)
Net earnings
First charges
890,201
894,283
Profit
Dividend
(I p. c.)
e.)
2,975.752
B.123,100
2.855.621
1.965,420
(1 p. c.)
852,652
894,283
;
& North Georgia.— committee representing fli ®
bondholders have been looking over the property, and wiP
meet in New York next week to constilt as to the best course
of procedure. Money is needed to put the road in shape for
~ II»riett«
A
successful oijeration
Maxwell Laud Grant.—The company
negotiating for
the sale of some 250,000 acres in Colorado, and this fact was
probably the cause for the reported sale of the whole estate of
J, 700,000 acres. No such deal as this has been contemplated.
Missouri Kansas & Texas.— Under direction of the Court
the receivers have been spending most of the surplus money
for betterments. From November 1, 1888, to December 31,
1890, two years and two months, there were expended for
substantial improvements of the property the following
amounts, viz.: For 38,517 tons of steel rails, $1,170,000: for
857 miles ballast, $347,000; for 1,667,000 cross ties, $690,000;
for switch ties. $26,000; for 43 miles of new .'ide tracks, $167,000; for rebuilding 12 miles of bridges, 368,000; for new equip-
ment, $666,000; total, $3,434,000.
The "betterments" aceoDDt has been opened by the receivers for the purpose of
ascertaining the extent to which the revenues under their administration have been applied to putting the railway in
substantial condition to do the business passing over it. ,,^^
i
De(. 41,631
KISE HOSTHS ENDCiO XABCH 31.
1890.
1891.
Actual.
Ettitnalea.
27,850,234
18,310,689
Gross eamines
OperaUngeiponses
Per ceut of operat. expen. to earnings. (65-75
.
Profit
Balance
p. o.)
27,317,(»38
18,338,599
67-13 p. c.)
(
8,978,939
6,319,500
9,539,545
5.909,121
Net earnings
First charges
Dividend
is
De(. 4,083
Balance
(3>ap.
c.)
3,630,424
3,129,990 (3 p.
Snr. 500,434
2,6.59,439
0.)
2,682,849
De(. 23,410
Norfolk Southern.-The time within which holders of
se-
parties to the plan of
reorganization set out in the circular dated May 26, 1890, has
been extended to April 1, 1891. The said plan has been
modified in several particulars, and the changes may be
learned on application to the committee.
curities of this
company may become
Rome Watertown ft Ogdensbnrg—New York Central &
Hndsoii River.—The lease in perpetuity of the Rome Watertown & Ogdensburg RR. to the New York Central & Hudson
River Railroad was signed on the 14th inst. and possesion
assumed on that dav. The R. W. & O. stockholders are givea
a 20 per cent stock "dividend, and 5 per cent is guaranteed on
the whole amount of stock as thus increased. The followung
is to be endorsed on the new stock certificates.
"The New York Central & Hudson River Railroad ,f '»»P»°J^.^«^J
guarantees to the bolder, (or the time beliiK. of '''V',';;''?'1™?i^
payment o( one and one-quarter per cent ou the par value o( tue fvxat
THE CHRONICI.K
461
roprosentcd thereby, on the fifteenth days of May, August, November
an^ February in each year, during the continuance of a certain lease,
&
dated the fourteenth day of March. 1891, by the Rome Watertown
Ogdensburg RaUroad Company to the said Newport Central & HudCompany."
son Kiver Railroad
. i,_
™
Treasurer.)
(Seal of the N. Y. C. & H. R. RR. Co. and signature of the
fVou
Lll.
%zpoxX& and P0jcitmeuts.
CLEVELAND AKRON & COLUMBUS RY. CO.
San Antonio & Aransas Pass.-The foUowingplan has been
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
adopted by the committee for the reorganization of the afifairs
.of the San Antonio & Aransas Pass Railway Company
New York, February 9, 1891.
The railroad, property and franchises of the San Antonio
acquired by
& Aransas Pass Railway Company are to be securities are Referring to application made you on 27th ult., to list $600,000 of this Company's Equipment Trust and Second Mortgage
foreclosure or otherwise, and the following new
:
to be created, covering all of the said property
NEW SECDWTTES TO BE
Gold Bonds, and to your request to me for certain additional
I have now to call your attention to the follow-
:
information,
ISStJED.
mortgage five per cent fifty-year gold bonds of
81,000 each, carrying interest from July 1st, 1«91
«16,800,000-$21,000 p.m.
Issue Umlted to....:
Reserved for extension to Llano and
AuBtin and for additional rolling stock
2,100.000
as required
ing:
1. First
Herewith I hand you six copies of our last annual report to
June 30, 1890, and particularly call your attention to the large
amount shown therein, covering betterments and additions to
the property during that twelve months which were charged
to operating expenses, and amounting in the aggregate to
$37,000, a sum nearly equaling one per cent upon our capital
stock. Since June 30, 1890, there has been expended upon
filling of trestles, substituting iron for wooden trestle and
other betterments, about $20,000, all of which is in addition
to ordinary maintenance and care of the property. In addition thereto there have been several miles of new ballast placed
$14,700,000
Present issue for the purposes of this reorganization
value
8. Five per cent non-cumulative preferred stock, par
$100per share
f?'Sf2'2SX
t5,250,000
3. Common stock, par value $100 per share
stockholders will receive for old first
Assenting bond and
mortgage 6 per cent bonds, with July, 1890, and subsequent
coupons attached, new first mortgage 5 per cent gold bonds,
11,000 new 5 per cent preferred stock, $150, and new common
stock, $150. R)r each old first mortgage 5 per cent bond,
October, 1890, and all subsequent coupons attached, new first
mortgage 5 per cent bonds, $850 new preferred stock, $120
new common stock, $120. For each old $1,000 second mortgage bonds, all coupons attached, new first mortgage 5 per
cent bonds, $225 new five per cent preferred stock, $250; new
common stock, $250. For each share of old stock (in the hands
of the public) $100 in new stock. Floating debt holders now
control $3,400,000 of common stock, for which they will receive
$1 ,600,000 in new preferred stock as part of the general settle-
in the track.
The date of this
;
company's $1,800,000 five per cent general
mortgage is March 1, 1887, the bonds thereunder to run forty
years, and to become payable March 1, 1927, with no provision
for earlier redemption. Of those bonds $1,780,000 are issued
and $70,000 in the Treasury. After providing for the redemption of the first mort. 6 per cent bonds of this company outstanding January 1 of the present year, all of which have been redeemed excepting about $22,000 of bonds, the funds for which
are placed with the Farmers' Loan & Trust Company in a
special account for the purpose, there remain in the vaults of
;
;
;
tne Associatie-Cassa at Amsterdam $70,000 of said general
mortgage five per cent bonds.
This company has paid the following dividends since its organization in 1886 for the year 1889, 1 per cent for the year
for the year 1887, 1 J^ per cent
and for the
1888, 1 per cent
year 1886, \}4 per cent. During the years 1886, 1887 and 1888
the entire line was relaid with steel rails, the cost of which,
less the value of the old iron removed, was charged in the
operating expenses. In addition thereto there were considerable expenditures each year in filling culverts, filling of wood-
ment.
DISTRIBtTTION OF NEW 9ECCBITIE8.
814,700,000 5 per cent first mortgage flfty-year gold bonds
Toholdersof S6,223,000oldfir8t esat 100... $6,223,000
"
"
1,466,250
1,725,000 old first 5s at 85 ... .
"
" 4,000,000 old seconds at 2212..
900,000
acquired for cancellation
f^27,000 old seconds to be
through settlement with floating debt creditors.)
To be used on account of liquidation of float1,570,000
ing debt
600,000
Reserved far liquidation of equipment debt. .
3,940,750
To be sold to meet cash requirements
:
en
$14,700,000
"
1,725,000 old Ist 58, 12 "
25 "
4,000,000 old 2ds,
"
".
"
.
To lie Issued iu lieu of $3,4(10,000 common
stocknow controlled by M. Kenedy
To he sold to meet cash requirements
$933,450
1,600,000
1,509,550
\.
common
stock (or certificates of equitable
Interest therefor)
To holders of first mortgage 6s
" first mortgage 5b
"
" second mortgage
"
" presentstock
To be sold to meet cash requirements
trestles, etc.
such bonds at the expiration of ten years from their date, at
par and accrued interest, or any year thereafter previous to
the expiration of the bonds in 1930, at 5 per cent premium
and accrued interest, upon publishing notice thereof in a
newspaper in New York, and one in Amsterdam, Holland,
twice a week for a period of ninety days previous to the proposed time of payment.
207,000
1,000,000
$5,250,000
$5,250,000
All of which
933,4.50
207,000
1,000,000
is
respectfully submitted.
Yours truly,
J. A. Horsey, Vice-President,
The Cleveland Akron & Columbus Railway Co.
1,600,000
1,.
509,
;
It is provided in the equipment trust and second mortgage
that this company shall have the right to pay the principal of
S5,250,000 5 per cent non-cumulative preferred stock (or
certificates of equitable interest therefor)
To holders of $6,223,000 old Ist 6s, 15 per ct.
;
;
550
$5,250,000
New York,
CASH REQBIKEMKKTS.
Floating debt. Including M. Kenedy's, to be
compromised for
$3,420,000
1,570,000
liCss paid in new first mortgage gold bonds
Completion of Waco line
Betterments and expenses
lEleserve fund
$1,850,000
350,000
849,637
300,000
January
27, 1891.
hereby respectfully made that $600,000 of
this company's equipment trust and second mortgage gold
bonds be placed on the list.
Application
is
The total amount of the mortgage is $890,000, and the
amount of bonds already issued to purchase equipment is
Date of
$800,000, the numbers of which arel to 600 inclusive.
$3,349,637 issue, August 1, 1890 maturity, August 1, 1930 par value,
The cash requirements are to be met by the sale of the bonds $1,000. Interest at 6 per cent per annum, payable 1st of February and August in each year, at the oflice of Vice-President
and stocks heretofore designated for that purpose.
Each holder of $3,000 old firsts may subscribe to a cash fund J. A. Horsey, Nos. 17 and 19 William Street, New York.
;
created to liquidate above requirements for $850 of said fund,
for which he will receive $1,000 new firsts, $350 new preferred and $350 new common.
Among other points, the plan empowers the Reorganization
Committee to transfer to voting trustees in exchange for certificates therein the stock of the reorganized company, under
the terms of the voting trust provided for. The committee
are named as trustees for three years from July 1, 1891.
Mifilin Kenedy and other creditors are to be settled with, and
the committee are authorized to agree and contract for such
settlements. The committee requests an immediate deposit
of securities with the Central Trust Company of New York
(the depository under the reorganization agreement) in exchange for the Trust Company's engraved receipts. It is stated
that over 60 per cent of the bondholders of all classes have
assented to the plan.
The committee is composed of the following members
Frederic P. Olcott, Joseph Wharton, Henry Budge, Frederic
:
;
Principal of said bonds can be registered at the office of the
Company's Secretary at Columbus, O. The Trustee is the
State Trust Company, New York.
I inclose you a certificate of the Trust Company acknowledging the acceptance of the trust and giving the numbers and
amount of bonds executed, in accordance with the terms of
the mortgage. Also the opinion of counsel of the company as
to the validity of the obligation. Also a copy of the original
mortgage with the certificates of record properly indorsed
thereon and certified by the trustee' to be a true copy of the
original in its possession.
Location of the Cleveland Akron & Columbus Railway. Beginning in the town of Hudson in Summit County,
State of Ohio, which town is on the Cleveland & Pittsburg
Railroad, and twenty-six (26) miles southeast from Cleveland
thence running in a southwesterly direction through Summit
County, passing through the town of Cuyahoga Falls, the
City of Akron and the towns of New Portage and
—
;
Cromwell, J. Kennedy Tod, Alfred S. Heidelbach, Eric P.
Clinton.
Swenson.
Thence southwesterly through the County of Wayne, passUnion Pacific.—The N. Y. TVibuwe announces that the man- ing through the towns of Marshallville, Orrville, Apple Creek
agers of the Union Pacific have under consideration a plan for
and Fredericksburg; thence southwesterly through tlie Counthe creation of a blanket mortgage to cover the entire system
ty of Holmes, passing through the towns of Holmesville,
owned and controlled by the company, similar to the consoli- Millersburg, Killbuck and Black Creek; thence southwesterly
dated mortgage which the Atchison Topeka & Santa Fe issued through the County of Knox, passing through th'j towns of
upon its reorganization. Details of the plan are unavailable, Gann, Danville, Howard, Gambler, Mt. Vernon, Mt. Liberty
AS many of them are incomplete, while others depend upon and Centerburg; thence in a southwesterly direction across
negotiations now in progress.
the northwest comer of Licking County, and through the
March
:rHE CHRONICLE.
21. ISttl.]
County of Delaware, |>nssinK through the towns of Condit,
Sunhurv and Oalcnn; thence in a southerly direction, and
Tia.s{<inK
through the town of Westerville to Columhus in
Franklin (Jouuty, a total length of main line of 148-85
CHICAGO A NORTHERN PACIFIC RR. CO.
(NORTHERN PACIFIC.)
inORTOAOK AND LBASB.
miles.
Dresden Branch.— The Dresden Branch leaves the main
Columbus Railway at Killline of the Cleveland Akron
buck station in Holmes County, and runs in a southerly
direction through Holmes and Coshocton Counties, passing
through the town of Warsaw in the latter county, and to
Trinway in Muskingum County, which place is a station on
St. Louis Railway, and
the Pittsburg Cincinnati Chicago
Muskingum Valley
the eastern terminus of the Cincinnati
Railway. The length of the main track of the Dresden Branch
33-40 miles.
is
466
'
&
FIRST MORTGAGE OF THE CHICAGO & NORTHERN
PACIFIC RAILROAD CO., DATED APRIL 1, 1890,
SECURING
180,000,000
OF
6
PER CENT
GOLD BONDS, DUE APRIL
1,
1940.
&
&
The Chicasro
&
PARTIES.
Northern Pacific RR. Company, of the State
of Illinoifl,party of the first part, hereinafter called the Railroad
The Cleveland Akron & Columbus Railway Company organ- Company, and the Farmers' Loan & Trust Company, of New
January 1, 1886, under Revised Statutes of the State of York, hereinafter called the Trustee, party of the second part.
Ohio.
PREAMBLE— PURPOSE OF THIS ISSUE OF BONDS.
Route from Hudson to Columbus and from Eillbuck to
Wfiereas, The Railroad Company desires to provide for the
Trinway.
payment of all the obligations incurred by it in the purchase
177-25 of its several lands and railway properties, and for the extenHllog of road In operation
16-00 sion, improvement and equipment of its property and
Operated under trackage rights from Trinway to ZanesvlUe
AUTHORITY FOR THIS ISSUE OP BONDS.
193-85
Total operated, miles
ized
;
PARTictn.AB8 OF RKOKOANiZA-noN.
Whereas, For the purposes aforesaid the Railroad
—
Company
Default having been has, by due action of its stockholders and Board of Director*
payment of interest on the first mortgage bonds at meetings duly convened according to law, determined to
of the Cleveland Mt. Vernon & Delaware Railroad^ Company, issue its first mortgage bonds numbered consecutively from
1
proceedings in foreclosure under that mortgage were insti- to 80,000, each of said bonds to be substantially as followi,
tuted and the road was sold under a decree of foreclosure on that is to say
December 31, 1885. The purchasers organized and filed artiFORM OF BOND
cles of incorporation as the Cleveland Akron & Columbus
UNITED STATES OF AMERICA,
Railway Company. This company has operated the road
STATE OF ILLINOIS.
from January 1, 1886.
No.
$1,000
There are not any extensions contemplated. Gauge of
Chicago & Northern Pacific Railroad Company,
made
in the
:
track, four feet nine inches.
All steel
rails.'
—
List or Equipment. 86 locomotives, 27 passenger coaches,
1 ofBcers' car, 4 excursion -cars, 4 mail cars, 7 baggage cars,
13 caboose cars, 202 box cars, 69 stock cars, 89 platform cars,
48 gravel cars, 313 gondola coal cars, 1 derrick and wrecking
CM, 1 tool car, 1 steam shovel and 1 pile driver. This company has also contracted for 3 freight locomotives, 400 box
cars, 600 coal cars and 75 flat cars, a large portion of which
is already delivered.
GENERAL
1
ALANCB SHEET NOVEMBER
Cost of railway and
property
$; 1,792,728 15
Beal estate
30,66193
Material and fuel on
hand
56,487 79
Due from agents and
conductors
17,115 76
Bills receivable
77,275 99
Due
from
railroads
viduals
Due from
press,
sundry
and indi21,912 45
malls, ex-
and miscel-
laneous
Cash
in banks
transit
6,546 55
and in
45,839 36
274,06176
15,43096
7,744 59
37,871 93
7,835 35
Operating ezi>ense8.
Rentals
JRentals of equipment
Interest
.^Tazes
30, 1S90.
$4,000,000 00
Capital stock
Flrstmort.
Ms (since
.
reduced to .f-22,000)
Gen. mort. bds (since
160,500 00
inc'dto$ 1.1 73,000. 1,619,500 00
Accrued interest
Accrued taxes
Unpaid on bills and
payrolls
Duo ou sundries
Cost of various
branches and sidings, payable In
proport"u of gross
revenue from traflie over same
Gross earnings
Net revenue
Appropriation from
revenue for capital
purposes
Bridge renewal suspense account
Iron car mileage suspense account
$6,391,512 57
25,25126
8,04165
66,113 29
3,970 00
63,419 00
379,044 62
9,235 27
45,533 95
5,372 12
5,531 41
$6,391,512 57
SESDLTS OF OPERATION FOR THE SIX MONTHS ENDING DEC. 31, 1890.
Gross earnings
$457,366
X>peratlng expenses
329,645
Net earnings
1*88— Rentals (December estimated)
Taxes estimated
Rentals of equipment estimated
Interest
Net surplus
Capital Stock,—40,000
$127,721
$18,502
9,650
9,850
46,000
83,002
$44,719
first mortgage, five per cent fiftt-tear gold bond.
The Chicago & Northern Pacllic Railroad Company, a railroad corporation organized under the laws of the State of Illinois, for value received hereby acknowledges itself Indebted unto the bearer of this
bond, or it this bond be registered, to the registered holder thereof, in
the sum of one thousand dollars, which it hereby proraiscs to pay in
United States gold coin of the present standard of weight and fineness,
on the first day of April A. 1). 1940, at its oflice in the City of New York,
with Interest tnereon from the first day of April A. D. 1890, at the rate
of five percentum per annum, payable semiannually on the first days
of April and October on the presentation and surrender of the annexed
coupons as they severally become due; such interest to be paid eltrer
in gold coin as aforesaid in New York, or in pounds sterling or reichsmark, at its aeencies lu London, Berlin and Frankfort-on-Maln, at
bearer's election. a» specltied in said coupons.
All payments upon this bond, boih principal and interest, shall be
made without deduction for any tax or taxes th.at said Railroad Company may be required to pay or to retain therefrom by any present or
future laws of the United States of America or of the State of Illinois,
said BailroBd Company hereby covenanting and agreeing to pay any
and all sucu tax or taxes.
This bond is one of a series of thirty thousand l)onds, all of the same
tenor and date, numbered consecutively from one upwards, and equally
secured by a mortgage or deed of trust duly executed and delivered by
the said Railroad Company to the Farmers' Loan & Trust Company, of
New York, as Trustee, bearing even date with this bond and covering
the franchises and the real and personal property of the said Railroad
Company as therein described, to all the provisions of whicii mortgage
or deed of trust this bond and each coupon hereto attached are suoJect. The principal of this bond may, in case of default in the payment
of the Interest thereon, become due andpayable before maturit}- upon
the terms in said mortgage provided. This bond, if unregistered, shall
Sass by delivery, but if registered, by transfer ui>on the books of said
:ailroad Company In the City of New York.
Aftf r registration of ownership properly certified hereon, no transfer
except and until recorded on the said books shall be valid, unless the
last previous transfer shall have been to bearer, which shall restore
trausferal)illty by delivery, and this bond shall continue sulyect to sucoessive registrations and transfers to bearer at the option of each holder. Or the holder of this bond may at his option surrender the coupons
annexed hereto to the said Railroad Company to be canceled, and
may have this bond registered and such cancellation certified hereon,
and thereafter this bond shall not be transferalile to bearer, but the interest shall be payable to the registered holder hereof on the first days
of April and October in each year, at the office of the said Railroad
Company in the City of New York. This bond shall not be valid until
autlicntieated by the certificate endorsed hereon duly signed by said
Trustee or its successor or successors in the trust.
Is WITNESS WHEHF^OF. the sald Chicago it Northern Pacific Railroad
Company has caused this bond to be signed in its corporate name by
its President or Vice-President, and its corporate seal to be hereunto
affixed and attested by its Secretary or Assistant Secretary, thia first
day of April, A. D. 1890.
CuicAoo
List of Officers.— N. Monsarrat, President and General
Manager, Columbus, Ohio J. A. Horsey, Vice-President. New
York A. W. Dunning, Secretary, Treasurer and Auditor, Co'loinbus. Ohio James Harrington, Chief Engineer, Columbus,
Ohio H. B. Dunham, General Freight and Passenger Agent,
Columbus, Ohio R. G. Sharpe, Superintendent, Columbus,
Ohio Adams & Hotze, General Counsel, Cleveland, Ohio J.
J. Henry, Master Mechanic, Mt. Vernon, Ohio.
,
Attest
;
;
;
VUe-Pretidenl.
,
:
AitMant
Secretary.
FORM OF COUPON.
;
;
Pacific Railroad Company,
[corporate 8EAL.1
;
;
A Northern
By
shares, par value $100, $4,000,000.
«5.
$25.
2. 9.
The Chicago A. Northern Pacific Railroad Company will pay to bearer,
may elect, either Twenty five l>ollars II. s. gold coin at the Company's oflice lu New York (?ity. or Five Poumls two shillings and nine
as he
pence at its agency In London, or one hundted an<l five Reichsmark at
Its agency In Berlin, or Franktort^on-Moin, on the first day of
being six months Interest on Its First Mortgage Bond No
.
Directors.— N. Monsarrat, Columbus, Ohio; Ex. Norton
M.105.
Treaturer.
York; J. M. Adams, Cleveland, Ohio; Geo. T. Perkins,
'Akron, Ohio; J. A. Horsey, New York; W. G. Raoul, New
TRUSTEE'S CERTIFICATE.
York; R. F. Smith, aeveland, Ohio.
It is hereby certified that this bond Is one of the series of bond*
General office of Company, Columbus, Ohio. New York described In the mortgage or dee<l of trust therein mentioned, executed
office (J. A. Horsey, V. P.), 17 and 19 William Street.
Trans- by the Cliicago &. Northern Pacific Railroad Company to the underugned a* Trustee, bearing date the first day of April. A. D. 1890.
fer office and registry (Secretary), Columbus, Ohio.
The Farmers' Loan A Trust Company, 7V««<««.
Respectfully,
J. A. HORSEY, Vice-President.
By
Ttte-Prerident.
The Committee recommended that the above- described
PROPERTY CONVEYED.
$600,000 equipment trust and 2d mortgage 6 per
cent
gold bonds, Nos, 1 to 600, inclusive, be admitted to the
Now, therefore, this indenture witnesseth as follows :
The Chicago & Northern Pacific Raiboad Company, in con*"
"*~" to
'"
and ' order *~ secur*
' in
sideration of the premises, etc., etc
Adopted by the Governing Committee. February 26, 1891.
New
,
,
,
.
—
THE CimONICLE.
466
[Vol. LI,
A
7.
tract of 29'75 acres, lying between Central Avenue, in
the town of Cicero, and Madison Street, in the town of Proviso.
This is a right of way 2'75 miles long and 100 feet in
width, and on it are located the main tracks of the company,
running from Harrison Street, in the city of Chicago, to
Madison Street, in the town of Proviso, a distance of 10 miles.
8.
tract comprising the right of way and depot grounds
of a double track suburban road extending from a point of
connection with the main tracks at Crawford Avenue, in the
city of Chicago, northerly and westerly, through the town of
Cicero and the villages of Harlem and River Forest, a distance of about 8 miles.
9. A tract of dock property between Ashland Avenue and
Laflin Street, and south of Twenty-second Street, in the city
of Chicago, with a slip and street frontage of three-fourths of
a mile, and with railroad connections.
County, Illinois.
There are now operated upon this property 18 miles of maia
(bj The Bridgeport & South Chicago RR. Company, including its lands, railways and terminal facilities forming part of track, 15 miles of second main track and 35 miles of side and
a railway not yet completed, extending from the Chicago & team tracks, making a total of 68 miles. The road is laid
Great Western RR., at Rebecca Street, in Chicago, to the with the best quality of 80-pound steel rails on 10 miles of the
track subjected to the heaviest trafiic, and 60 pound steel
Bouthem and eastern limits of Cook County, Illinois.
(c) The Chicago Harlem & Batavia Railway Company, in- rails on the remainder, with oak ties and stone and gravel
cluding its railway line extending from the Chicago & Great ballast.
In addition to the Grand Central Passenger Station,
Western RR., at Crawford Avenue, in Chicago, northerly and
then westerly to a connection with the Chicago & Wisconsin there are on the property 28 passenger stations, 4 freight
ER., in Cook County, vdth a branch running southerly to Des houses, 3 round houses, and the necessary water tanks, sand
houses, oil houses, shops, coal houses, and other similar strucPlaines Avenue, in Cook County.
Together with all the lands and appurtenances belonging tures, and elso several dwelling-houses on portions of the
thereto, and all rights of way, depots, elevators, warehouses, property that have not yet been utilized for railroad purposes.
Also aU rolling Estimated cost of the present buildings on the property Is. $1,400,800
etc. connected with said lines of railway.
stock, equipment, franchises, etc., now owned or hereafter ac- The present improvements on the right of way in theeity
of Chicago, iuelufling a double-track steel steam drawquired for said railway lines.
bridge over the Chicago River and six viaducts carry3. Also all other lands, leaseholds, premises and properties,
Ing the streets over the raUroad traclts, cost
3,400,000
personal, now owned, or which may hereafter be ac- The road's equipment, consisting of 20 locomotives and 27
real or
passenger coaches, cost about
250,000
quired by the Railroad Company by the use of the bonds
hereby secured or the proceeds thereof.
Cost of present build'gs, Improvem'ts and equipment.
$5,050,000
4. Also ihe lease bearing even date herewith between the
PURPOSES FOR WHICH THESE BONDS MAY BE ISSUED.
Railroad Company and the Wisconsin Central companies,
The bonds to be issued under this indenture shall not exand also all other contracts, hereafter made by the Railroad
Company with other railway corporations for rights ceed, in the aggregate, $80,000,000, and shall be used only for
over or upon the lines of railway, hereinbefore particularly the following purposes
$18, 850,000
described. [See abstract of lease following this indenture.] (a) To pay for property heretofore acquired
(b) To retire mortgage to city of Chicago
650,000
Subject, however, to a purchase money mortgage for $650,000 (CI To retire outstanding bonds of Chicago
Great Westto the city of Chicago upon said Block 88 and the north half
ern RE. Company, which when retired shall b* canceled
399,000
of Block 87, and the buildings and improvements thereon, and
To be used, if necessary, to provide funds to pay into the lien of the $399,000 mortgage bonds of the Chicago & O}
terest on outstanding bonds hereby secured up to
Great Western RR. Company, dated May 1, A. D. 1886.
and including April 1, 1893, any balance remaining
to be used as may be determined by boards of diDESCRIPTION OF THE COMPANY'S KEAL ESTATE FROM
rectors of Chicago & Northern Pacific RR. Company
and Northern Pacilic RR. Company
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
l,000,<X)O
(O For improvements, betterments, rolling stock, &c., at
such times and in such amounts as shall bo required
The foregoing gives the property particularly described in
by resolutions of the boards of directors of the
the mortgage, in addition to which it will cover all other
Railroad Company and of the Northern Pacific RR.
property acquired with the proceeds of any of these bonds.
Company, but subject to the provisions of the folThe Railroad Company, in its application to the New York
lowing article
9,101.000
Exchange to have the bonds of this issue listed, gave
Stock
Total
^130,000,000
under date of February 5, 1891, the following facts relative to
PRECISE PURPOSES FOR WHICH BONDS FOR ¥9,101,000 MAY
its whole property owned in and around the city of Chicago.
The Railroad Company's property comprises
BE USED.
1. A tract of 15'75 acres in the South Division of the city of
The Railroad Company covenants to use the bonds delivered
Chicago, bounded by Harrison Street, Fifth Avenue, the to it under subdivision (e) of the preceding Article as follows t
Chicago River and the property of the Chicago Rock Island &
(1) For the improvement or maintenance of the lands, premPacific RIv. Co. It has a street frontage of 4,331 feet, a dock ises, railways and other property conveyed by this indenture.
frontage of 1,950 feet, and contains the Company's Orand
(2) Or for the construction of warehouses, elevators, staCentral Passenger Station, and freight houses, warehouses, etc. tions, engine houses, power plants, repair shops, and other perThe station covers in all its departments 3-6 acres of ground, manent improvements and facilities.
the ground floor of the passenger station being 25,300 square
(3) Or for the purchase of rolling stock and equipment or
feet.
the maintenance, replacement and operation of its railway
2.
tract of 8-64 acres opposite the above-described prop- lines.
erty on the west side of the Chicago River and adjoming
(4) Or for the purchase of other lands, premises, railway
Twelfth Street. It has a street frontage of 960 feet and a dock lines, buildings or properties, which may be used in connecfrontage of 450 feet, and on it are situated a round house and tion with the railway property hereby conveyed.
passenger coach tracks. It can be further utilized for large
ONLY SUCH ADDITIONAL PROPERTY AS MAY BE ACQUIRED
warehouses.
WITH BONDS SECURED HEREBY SHALL BE
tract of 22-5 acres bounded by West Twelfth Street,
8.
SUBJECT TO THIS INDENTURE.
Sixteenth Street, Stewart Avenue and the Chicago River. It
has a street frontage of 2,300 feet and a dock frontage of 1,100
To the extent that such additional properties are acquired
feet.
From this tract direct connection is made with the city by the use of the said bonds they shall become subject to the
elevator and the tracks of the Chicago & Alton, Pittsburg lien created by this indenture as a first lien thereon. But it is
Fort Wayne & Chicago, Chicago Burlington & Quincy and expressly declared that this indenture shall not create a lien
Chicago & Northwestern railroads. It can be further utilized upon any property hereafter acquired by the Railroad Comfor four mUes of storage and team tracks, and for freight pany, except such as shall be acquired by the use of the bonds
houses, warehouses, etc.
to be secured by this indenture or of the proceeds thereof.
4. A tract of 40 acres, lying between Stewart Avenue and
The Railroad Company shall .promptly from time to time
Rockwell Street, and having a street frontage of 2-5 mUes and convey to the Trustee by proper trust deed or mortgage, as
an alley frontage of 1-25 miles. This property is used for hereinafter provided, all properties that may hereafter be acfreight house purposes, for engine house, coach tracks, storage quired by the use of the said bonds or of the proceeds thereof.
and team tracks, coal sheds, etc., and can be further utilized RAILROAD COMPANY TO PAY ALL TAXES—WAIVER OF STAY
by the addition of 12 miles of side and team tracks.
AND APPRAISEMENT LAWS.
5.
tract of 68-6 acres, lying between Rockwell Street
and
The Railroad Company covenants as follows
Forty-eighth Street, and having a street frontage of
To pay both principal and interest of the bonds secured
On this tract are direct connections with the Belt 2M miles
Railway
through which connections are had with all railroads entering by this indenture when the same shaU respectively become
due and payable, free from all taxes that may be required by
the city of Chicago. This tract, reserving 25 acres for
shops
any present or future laws of the United States of America or
engine houses, etc., can be utilized for the construction
of "6 of the State of Illinois to be deducted from either the princimiles of side and team tracks.
pal or interest of said bonds.
6.
tract of 148 acres lying between Forty-eighth
Street
To pay all lawful taxes that may at any time be assessed
and Central Avenue,
the town of Cicero. This is the transupon the premises hereby conveyed and every part thereof,
fer yard of the company, and is one mUe in length,
with an when necessary to protect the same against the lien of such
awage width of 1,250 feet. In addition to the tracks now taxes.
situated on this property, it can be utilized by the
addition of
To waive the benefit of any extension, stay, appraisement ot
jP mUe* of Bide tracks.
redemption laws, now existing or that may hereafter exist, of
of
the due aad punctual payment of the principal and interest
the bonds, to be issued as hereunder, has granted and conyeyed unto the Trustee all and singular the following described property, to wit:
,
„ ,
School
1. Block 88 and the north half of Block 87 in the
Illinois, toSection AddiHon to the city of Chicago, State of
gether with the railway tracks, buildings, stations, depots and
other improvements situated thereon.
personal
2. All the railway lines, premises and real and
formerly
Property, corporate rights, privileges and franchises,
elonging to the following companies, but now the property
of the Chicago & Northern Pacific ER. Co.:
CaJ The Chicago & Great Western RR. Company, including
the railway now constructed from Block 88 above mentioned
through the city of Chicago to the town of Cicero, Cook
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THE CHRONICLE.
the United States of America, the State of Illinoia and of any
other State into which its railway lines may extend.
467
said prior mortgages, all the said milroads, leaass, and
other l
property, righU and franchises hereby conveyed. H:iid property shall be sold as an entirety to the highest and beat
biddar
at public auction, in the city of Chicago, State of
Illinois. {
notice having first been given of the time and place
of suob
sale by advertisement, for six weeks in one or
more newspapers published in the cities of Boston, New York and Chicago,
LEASES TO HE ASSIONKD AS ADDrTFOVAI, SECURITY—THE
LEASE TO THE WISCONSIN CENTRAL, ETC.—THE WIB-\^
"^
CONSIN CENTUAL TO THE NOUTUERN PACIFIC.
T)ie Riiilroad Company hereby assigns and transfers unto
the Trustee, upon the trusts herein contained, the said indenture of contract and lense to be entered into by it with the
After deducting from the proceeds of such sale just allowsaid Wiwonsiu Central Companies, and all its right, title and
it shall be the duty of the
interest therein and thereto, and all the covenants and privi- ances for all expenses there<}f etc.
leges secured to it thereby and by the said indenture of con- Trustee to apply the residue of the money arising from the said.,
tract and lease from the Wisconsin Central f.'oinpanies to sale to the payment of the principal of the bonds issued under
the Northern Pacific RR. Company, to the extent that the said this indenture then outstanding and unpaid, whether the same
tirst-mentioned indenture of contract and lease covers the shall have previously become due or not, and to the payment
railways, rights and property conveyed by this indenture and of the interest which shall have at that time accrued on the
said principal and be uupaid, without discrimination or prefno further.
,
UPON DEFAULT FOR CO DAYS ON THE BONDS HEREBY
CURED, THE TRUSTEE SHALL BE VESTED WITH
THE POWERS CONFERRED BY SAID LEASES
ON THE RAILROAD COMPANY.
SE-
,
erence of principal over mterest or of interest over principal,
but ratably to the aggregate amount of such unpaid principal
and accrued and unpaid
interest.
ON ANY DEFAULT AS AFORESAID, TRUSTEE MUST ACT UPON
REQUISITION FROM THE HOLDERS OF ONE-FOURTH
THE BONDS—RIGHTS OF THE MAJORITY.
In case of any default for sixty days in the payment of the
principal or interest of any of the bonds to be issued under this
In any case of default as aforesaid continued for six months,
indenture after demand for payment in writing by the holders of any of the said bonds or coupons, then the Trustee shall It shall be the duty of the Trustee, upon a requisition in writbe vested with and may exercise at its discretion each and ing signed by the holders of not less than one-quarter in
every the powers conferred upon the Railroad Company by amount of the said bonds then outstanding, to proceed to enthe said indentures of contract and lease so long aa such de- force the rights of the bondholder.? under this indenture, either
fault continues, and no longer. And thereupon the Trustee by the exercise of the powers granted in sections
and B or
may under the powers therein granted take whatever steps it by suits in equity or at law or otherwise, as the Trustee, being
may deem expedient for the collection of the rentals accruing advised by counsel, shall deem most effectual. Provided,
under the said lirst above-mentioned indenture of contract however, that a majority in interest of the holders of said
and lease, and under any and all other then existing leases bonds then outstanding shall have the power, in writing or
and sub-leases of said property, and for the application of the by vote at a meeting duly held, to instruct the Trustee to
same to the payment of the interest upon the bonds hereby waive any such default, or to enforce the rights of the bondholders by reason thereof.
secured.
DEFAULT—OTHER PROVISIONS.
And if the Railroad Company shall make good any such default, subject to the provisions hereafter in this indenture conThe rights of entry and sale hereinbefore granted are intained, it shall thereupon be revested with all the rights, pow- tended as cumulative remedies, additional to all other
remedies
ers and privileges secured to it by the said indentures of con- allowed by law.
tract and lease, or either of them, as if no such default had
No holders of any bonds secured hereby shall have the
ever been made.
right to institute any suit in equity or at law, for the
foreEIGHT TO MODIFY THE LEASE WITH THE WISCONSIN CEN- closure of this indenture, or any other remedy hereunder,
witliout first giving notice in writing to the Trustee of default
TRAL COMPANIES.
So long as the Railroad Company is not in default, as in this having occurred and continued as in this article aforesaid,
article provided, it shall be at full liberty to modify the said and requesting the Trustee, and affording it a reasonable opindenture of contract and lease with the said Wisconsin Central portunity, to institute such action in its own name, or to proCompanies in any way which may be agreed upon by and be- ceed to exercise the powers hereinbefore granted.
tween the parties thereto and the Northern Pacific Railroad ON DEFAULT FOR SIX MONTHS IN PAYMENT OF INTEREST,
A
THE PRLNCIPAL MAY BE DECLARED DUE.
Company. But no change shall ever be made shortening the
term of duration of the said indenture of contract and lease or
In case of default for six months in the payment of any
diminishing the rentals to be paid thereunder to the Railroad instalment of interest on any of the aforesaid bonds hereby
Company or lessening the obligations of the Wisconsin Central secured, then the principal of all the bonds secured by this
Companies and the Northern Pacific RR. Company in respect indenture shall, at the election of the Trustee, become immeto the payment of such rentals and the consequences of any diately duo and payable, anything in the said bonds or
hereia
default therein, unless such change shall first have been in contained to the contrary notwithstanding. But a majority
in
writing expressly assented to by the Trustee and by a major- mterest of the holders of all said bonds then outstanding may,
ity of the holders of the bonds to be issued under this inden- in writing, or by vote at a meeting duly held as herein
proture then outstanding.
vided, instruct the Trustee in such case to declare the
said
ALL OTHER LEASES OF THE COMPANYS TERMINAL FACILI- principal to be due, or to waive the right so to declare, on
such terms and conditions as such majority shall deem proper;
TIES TO BE SUBJECT TO THIS INDENTURE.
or may annul or reverse the election of the Trustee.
< The property hereby conveyed may be leased in whole
or in
part by the Railroad Company, with the assent of the North- TRUSTEES POWER TO RELEASE PROPERTY FROM LIEN OP
ern Pacific Railroad Comp.any, lo any persons or corporations
THIS INDENTURE.
desu-mg to enjoy tljp terminal or other facilities, or any part
Th? Trustee shall, when required so to do, as hereinafter
thereof, now belonging to or hereafter acquired by the Railprovided, release from the lien ot this indenture any portion
foad Company. But all leases of its terminal facilities to of the premises hereinbefore granted which may be appurtenfSilway corporations shall he subject to the lien of this inden- ant to the said lines of railway, but which shall be unnecessary
ture, in the same manner and to the same extent and for the for use in connection therewith.
Said releases shall be exesame purposes as hereinbefore provided in respect to the said cuted only upon the written request of the President of the
indenture of contract and lease between the Railroad Com- toilroad Company, accompanied by an affidavit of the proper
pany and the Wisconsin Central Companies and ^o further.
officer of tlie Railroad Company, stating the facts upon which
A.-ON DEFAULT IN PAYMENT OF INTEREST FOR SIX such request is made, and accompanied also by the consent of
tho Nortliern Pacific Railroad Company.
MONTHS TRUSTEE MAY ENTER AA'D OPERATE THE ROAD.
All lands or property which may be acquired for permanent
In case of default for six months in the payment of any inuse
substitution for any property released under the proterest on any of the bonds secured by this indenture, or in
any requirement herein contained to be done by the Railroad visions of this article shall become immediately subject to the
terms of this indenture.
Company, tlie Trustee may, and upon requisition and indemTo the extent that the moneys or securities so received by
nity, as hereinafter prescribed, shall, enter ujxjn all and singuthe Railroad Company shall not be so used for the purchase
lar the said railroads and other property and franchises hereby
conveyed, and u.se tlie same, operating by its receivers or other or acquisition of other property or for the improvement of the
agents the said railroads, and making from time to timo such property hereby conveyed, the Railroad Company shall pay
useful alterations, additions and improvements therein as may over the same to the Trustee, ujwn its request, for the purseem to be necessary or judicious; and receive all issues and poses and trusts declared in this indenture. Moneys so received by the Trustee shall be invested in the bonds hereby seprofits of the same.
And after deducting all operating expenses, etc., the Trustee cured, by the purchase thereof in the open market from time to
time, provided the same can to purcha-sed at a price which shall
shall apply the said moneys to tlie payment of the intere-it
on the bonds hereby secured, in the order in which such be satisfactory to the Trustee and to the Northern Pacitic RR.
interest shall have become due, ratably, to the persons en- Company; but in case said bonds cannot be purchased at such a
price, then said moneys, together with all said accumulations
titled to such interest.
of mterest thereon, shall be invested by the Trustee in other
If, after paying all interest which shall have become
due, a mortgage
bonds of American railroad corporations, to be apsurplus shall remain, such surplus and the property herein
mentioned and included shall be forthwith paid and returned proved by the Northern Pacific Railroad Company, which said
other mortgage bonds shall be held by the Trustee as a<ldito the said Railroad Company.
B.-IN CASE OF DEFAULT AS AFORESAID, OR OF PRINCIPAL tional security to the bonds to be issued under thi.s indenture.
All interest that shall mature upon said bonds so held shall
WHEN DUE, THE TRUSTEE MAY SELL THE PROPERTY.
be applied by the Trustee from time to time toward the payIn case of default as aforesaid, or in case of defiiult in the ment of the
interest to mature on the bonds to be issued under
payneiit of the principal ot any of said bonds when the same this indenture,
or paid to the Railroad Company for that pur*all become due, the Trustee may, and upon requisition and pose, so long
as there shall bo no default by the Railroad Commaemnity, as hereinafter prescribed, shall, sell, subject to the pany in any of its covenants contained in this indenture.
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468
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TBU8TEE MAY BE EEMOVED AND NEW TRUSTEE APPOINTED stalments of $175,000 each, upon the first of April and thefirst of October in each year (the first payment to be made on
BY A MAJORITY IN INTEREST OF THE BONDHOLDERS.
the first day of October 1890), in gold coin of the United StatesThe Trustee may be removed by a majority in interest of the of America of or equal to the present standard of weight and
holders of all the bonds hereby secured and then outstanding, fineness.
by instruments in writing under their hands and seals, or by
And in addition thereto the Wisconsin Companies shall pay
YOte at a meeting duly called and held as herein provided.
such sums of money as shall from time to time be necessary
resignation or removal of the Trustee, a succesIn case of the
to pay the interest on all the first mortgage bonds of the ChiBor shall be appointed by the majority in interest of the hold- cago Company
at the time outstanding, on the Chicago & Great
said bonds, hereby secured and then outstandmg, by
ers of all
Western bonds, and on the mortgage to the city of Chicago,
instruments in writing under their hands and seals, or by vote and on all other bonds or obligations hereafter
issued or left
Bt a meeting as aforesaid. Until an appointment be so made, outstanding with the assent of the Wisconsin
Companies; also,
the President of the Railroad Company, with the written ap- all rentals upon property leased and not
exceeding $25,000 per
proval and consent of the holders of the outstanding bonds
annum for organization expenses.
secured hereby to the aggregate amount of $2,000,000, may
BUT SAID INTEREST, RENTALS AND ORGANIZATION EXappoint a trustee to fiU such vacancy for the time being.
PENSES SHALL BE MET FROM NET EARNINGS
In case of a vacancy being temporarily fiUed, as aforesaid,
IF THESE SUFFICE.
by appointment by the President of the Railroad Company,
havit shall be competent for any court of equitable powers
But such additional payments to meet said interest, rentals
any and organization expenses in each year shall only be made
ing jurisdiction in the premises, upon the application of
of the bondholders, upon due notice to the Railroad Company to the extent that the net earnings of the Chicago Company,
and for cause to be shown, to annul such appointment and as hereinafter defined, added to the $350,000 annual stated
appoint a trustee in place of the trustee so appointed, to hold rental as aforesaid, shall be insufficient for the payment of
fte trust for the like term as such trustee would hold the such interest, rentals and organization expenses. And, fursame under the President's appointment, but no longer.
ther, such additional payments shall be made subject to the
provisions [see abstract of first mortgage on a preceding page]
BONDHOLDERS' MEETINGS.
Whenever a meeting of the bondholders shall be necessary relating to the sale of certain of the first mortgage bonds of
the Chicago Company to provide funds for the payment of
or expedient, it shall be the duty of the Trustee, or of the
interest upon its outstanding bonds during the first three
President of the Railroad Company, on the written request of
years of the existence of this indenture.
the holders of not less in the aggregate than one-sixth in
amount of said bonds then outstanding, and stating therein THE CHICAGO COMPANY TO RECEIVE ALL REVENUE FROM
FACILITIES FURNISHED PERSONS OTHER THAN THE
the purpose thereof, to call a meeting of the holders of all the
then outstanding bonds secured hereby, to be held in the city
WISCONSIN COMPANIES AND THEIR ASSIGNS.
of New York, by advertisement. In default of such meeting
The Chicago Company shall be credited with the gross
being called as aforesaid within thirty days, it shall be com- revenue derived from facilities furnished to any persons other
petent for the holders of not less in the aggregate than one- than the Wisconsin Companies or their assigns under this
sixth in amount of said bonds then outstanding to call such lease, including all moneys derived from rentals, switching,
meeting in the manner aforesaid. And at any meetmg so called, storage, warehouse and elevator charges and trackage, the
the bondholders shall be competent to exercise, in person or running of suburban trains upon the lines covered hereby, etc.
by proxy, all the powers and authorities conferred upon them
by this indenture, provided that the holders of a majority in AND TO BE CHARGED WITH ALL EXPENSES OF SUBURBAN
AND OTHER BUSINESS FROM WHICH IT RECEIVES
interest of the outstanding bonds, in person or by proxy, shall
AN INDEPENDENT REVENUE.
be required to constitute a quorum at any such meeting.
The Chicago Company shall be charged with the following
items The cost of renting, maintaining and repairing equipLEASE TO THE WISCONSIN COMPANIES.
ment, buildings and tracks, if any, used exclusively in suburban business, all operating expenses wlioUy arising from said
NORTHERN PACIFIC business upon the lines hereby demised, including all claims
LEASE OF THE CHICAGO
for damages resulting therefrom. Together with the proporRAILROAD TO THE WISCONSIN CENTRAL COMtion of the joint expense of maintaining and operating the
WISCONSIN CENTRAL RAILROAD
railway lines and appurtenances (including the Grand Central
COMPANY, DATED APRIL 1st, A. D. 1890.
Passenger Station, round houses, etc.) hereby demised, properly chargeable to the suburban business, which proportion
PARTIES.
Northern Pacific Railroad Company, of shall be determined upon a just and equitable wheelage basis.
The Chicago
Also a reasonable sum for maintaining the rooms used for
Illinois, hereinafter called the Chicago Company, party of the
and the Wisconsin Central Company, organized office, storage, warehouse or other similar purposes, from
first part
under the laws of Wisconsin and Minnesota, and the Wiscon which the Chicago Company derives an independent revenue,
Bin Central RR. Company, organized under the laws of Wis- and a fair proportion of all other general or joint expenses,
consin, hereinafter called the Wisconsin Companies, parties of including taxes, insurance and other similar charges.
THE BALANCE TO BE " NET EARNINGS."
the second part, jointly and severally.
PREAMBLE.
The balance remaining after deducting the charges afore"
Whereas, The railroad lines owned, leased and controlled said from the credits aforesaid shall constitute " net earnings
by the said Wisconsin Central Companies together form a as the phrase " net earnings" is used in this indenture.
continuous line of railway extending generally from a point LESSEES SHALL KEEP BOOKS OF ACCOUNT OPEN TO INSPECTION OF LESSOR.
of connection with the tracks of the Chicago & Northern Pacific RR. Company, at the city of Chicago, to the city of AshThe Wisconsin Companies shall keep full and accurate acland, on Lake Superior, and the cities of St. Paul and Minne- counts of the gross and net earnings as above defined, and
apolis, in the State of Minnesota.
shall render monthly accounts to the Chicago Company. The
Now therefore, this indenture witnesseth : That, in consider- net earnings shall be paid to the Chicago Company from time
ation of the sum of one dollar, etc., etc., the parties hereto do to time as needed to meet charges, and within sixty days
hereby covenant and agree as follows, that is to say
after the end of each calendar year the remainder of the net
DESCRIPTION OF PROPERTY DEMISED.
earnings for such year shall be paid over.
But the Wisconsin Companies shall have the right at the eni
The Chicago Company by these presents leases unto the Wisconsin Companies, jointly and severally, their successors and of each calendar year, before paying over such net earnings
assigns, for 99 years from April 1, 1890, all and singular the aforesaid, to reimburse themselves for excess of rental above f;
railroad property described in the Chicago Company's first the minimum sum of $350,000, and for any other advances in
mortgage, an abstract of which precedes this indenture, and any previous years made hereunder, together with simple |,
all other lands, leaseholds, premises and properties, real or interest at the rate of 5 per cent per annum upon the amount
The Chicago Company shall be permitted to inspect
I)ersonal, rights, privileges, franchises, railroad lines and ap- so paid.
pertenances now owned or hereafter acquired by the Chicago at any reasonable time the books, vouchers and other papers
Company, excepting and reserving, however, from the opera- containing, or relating to, the aforesaid accounts.
tion of this lease such ofiSce rooms in the said Grand Central LESSEES SHALL NOT USE OTHtR TERMINALS IN CHICAGO.
Passenger Station as may be necessary for the exclusive use
The Wisconsin Companies covenant that they and their
of the Chicago Company. Provided always, however, that assigns will at all times during the existence of this lease, use
nothing herein contained shall operate to include the fran- to the exclusion of all other terminal lines the afore.'-aid terchise to be a corporation of the Chicago Company or the corminal facilities hereby demised, for the transaction of all their
porators thereof, said franchise to be a corporation being terminal
and transfer business in and about said city of
hereby expressly excepted from these presents.
Chicago, so far as said demised property can be utilized for
. Subject, nevertheless, to the lien of the first mortgage made
said purpo.ses.
by the Chicago Company, to the lien of the outstanding bonds
LESSEES TO PAY TAXES, ASSESSMENTS, ETC.
of the Chicago & Great Western RR. Company and to a cerThe Wisconsin Companies shall pay, as they become due, all;
tain mortgage to the City of Chicago for the sum of
$650.000
and subject to all other mortgages upon the proprety here- taxes, duties and assessments levied or assessed by the Unite*!
after acquired which may be executed or assumed and left States, State, county, city, town, municipal or other lej^:il
authority, on the said demised property, or on the gross earn-i
outstanding with the consent of the Wisconsin Companies.
RENTAL TO BE .1>350,0OO PEE ANNUM, AND IN ADDITION ALL ings of said railroads, or on the franchises, etc., thereof, sub-j
ject to apportionment as hereinbefore provided. And the!
SUMS NECESSARY TO MEET INTEREST, RENTALS
Wisconsin Companies shall also pay all sums of money whicbl
AND ORGANIZATION EXPENSES.
shall be required by any present or future laws to be deductedj
The Wisconsin Companies shall pay to the Chicago Com- from the principal
or interest of the bonds issued or to be iipany an annual stated rental of $350,000, in semi-annual in- sued, as aforesaid,
by the Chicago Company.
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THE CHRONICLE.
LESSEES SHA^LL OPERATE LAWFULLT, KEEP PROPERTY
INSURED. AND REPAIR AND REBUILD STRUCTURES, ETC.
The Wisconsin Companies shall operate the demised r.iilroads lawfully and shall keep the same and their appurtenances in good condition and repair.
The Wisconsin Companie,s sh!\ll durinR the said term keep
all buiUlinRs and other insunible property hereby demised, including; all rolling stuck and equipment, fully insured against
loss
hv
COMMERCIAL EPITOME.
Friday Nioht, March 20, 1891.
The weather was wintry early in the week, but is more
Business improves rather slowly,
seems to be lees
apprehension regarding the outcome of planting operatioos.
Floods have subsided in a measure, but the outflow from a
crevasse in the Mississippi levee near New Orleans has ebstructed railroads in that section.
number of destructive
fires, attended with loss of life, have occurred in this city.
Speculation in cotton has been variable, and in food staples
not so uniformly toward higher values.
Lard on the spot has not been active, but prices show a
material advance, in sympathy with the course of the speculative market, closing at 6'20@ 6'25c. for prime City, and 6'62^
seasonable at
fire.
LESSEES SHALL PAY OPERATING AND OTHER EXPENSES,
DEFEND SUITS AND SATISFY RECOVERIES.
The Wisconsin Companies shall at all times during the existence of this lease pay all expenses of maintaining and oper
ating the property hereby demised, subject to apportionment
as hereinbefore provided. The lessees snail also, if requested
by the Chicago Company, assume the defense of all suits
brought against the Chicago Comoany, in any manner growing out of the operation of said property, and shall pay all
recoveries therein, as well as all expenses incident thereto,
subject to apportionment as hereinbefore provided, and shall
save the Chicago Company harmless from all recoveries and
expenses arising from the enjoyment of said demised property for the exclusive benefit of the Wisconsin Companie.s.
469
owing
its close.
to the lateness of the season, but there
A
LESSOR TO COMPLETE AND CONSTRUCT BUILDINGS AND @6'65c. for prime Western, with refined for the Continent
quoted at 6-75(8 7'05c. The speculation in lard, for future deFURNISH SUBUKBAN ROLLING STOCK.
The Chicago Company agrees to complete the Grand Cen- livery was variable, but to-day was quite buoyant, partly from
tral Passenger Station, in said city of Cnicago, and to build
sympathy with the dearer prices for feed-grain, but arrivals
from time to time such warehouses, elevators, depots, via- of swine at Western points were small, stimulating a demand
ducts and other permanent improvements aa shall be necessary for the proper accommodation of the business to be
transacted upon the terminal properties hereby demised; also
at its own cost to supply for use in the suburban business upon
said demised property all locomotives and cars which said
suburban business may require.
WHEN AND HOW FURTHER SECURITIES MAY BE ISSUED.
If the State, municipal, or other authorities shall compel the
construction of any viaducts over the railway property hereby
demised, and no other way shall be agreed upon by the parties
hereto for furnishing funds therefor, then the Chicago Company shall execute for the purposes aforesaid its 5 per cent
coupon debentures, payable 20 years from the date of their
respective issues.
For the acquisition of additional properties which will increase the value of the demised property, the Chicago Company may issue such obligations as shall be jointly agreed
upon by the parties hereto, and the Wisconsin Company shall
guarantee the payment of the interest on the same.
The Chicago Company shall issue new securities to pay its
obligations as they mature, and if it fail to do so, the lessees
may purchase and hold in full force the maturing obligations,
anddrawinterestonthesame till paid at 8 per cent per annum.
The Chicago Company shall not acquire any property or issue any obligations without the assent of the Wisconsin Com
panies.
IN CASE OP DBFAULT, CHICAGO COMPANY MAY TAKE POSSESSION OF PROPERTY AND INSTITUTE SUIT FOR DAMAGES.
If the Wisconsin Companies shall at any time fail to pay the
rent herein reserved when due, or if they shall fail for ninety
days to perform their covenants herein contained, then the
Chicago Company may at its option enter upon the said demised railroad, premises and appurtenances, and hold and
enjoy the same.
And the Chicago Company shall also thereupon have the
right to institute suits for damages for the non-pavment of rent
or breach of the covenants of this indenture. And in case of
re-entry as aforesaid by the Chicago Company, the rent reserved herein shall be due from the time of the last preceding
payment down to the time of such re-entry, and the same
shall be paid by the Wisconsin Companies, their successors or
assig^ns.
ARBITRATION CLAUSE.
any question shall at any time arise touching any matter
in the premises upon which the parties hereto do not agree,
then the same shall be submitted to the arbitrament of three
If
disinterested persons experienced in railway affairs, who .shall
be jointly selected by the parties hereto. In case the parties
hereto fail to agree upon such joint selection within 20 days,
then said arbitrators may, upon application made by either
party, after 20 days written notice thereof to the other party,
be appointed by any judge of the Circuit Court of the United
States for the Northern District of Illinois.
It is mutually agreed that the written awards made from
time to time by such arbitrators or a majority of them, after
due and reasonable notice to, and full hearing of both parties
and their witnesses, shall have all the legal effect of an award
made under rule of Court in such United States Circuit Court,
8o far as the same is legally possible.
OBLIGVTION OF NORTHERN PACIFIC RR.
THE NORTHERN PACIFIC ASSUMES ALL THE OBLIGATIONS
OF THE WISCONSIN CENTRAL COMPANIES UNDER
THE ABOVE LEASE.
In the lease of the properties of the Wisconsin Central Companies to the Northern Pacific Railroad Company, dated
April 1, 1890, the Northern Pacific assumes and agrees fully
to perform all the covenants and stipulations entered into by
the Wisconsin Companies in the foregoing lease of the Chicago
&
Northern
Pacific.
to cover contracts.
DAILT OLOnHO PBIOBS OF LJLBD PUTOKBS.
Sal.
Hon.
Tuet.
Wtd.
Slamh delivery
630
o.
April delivery
May delivery
June delivery
July delivery
AuKUSt delivery
September delivery
o.
o.
o.
o.
o.
o.
6-43
«-46
6-51
6-63
6-75
6-86
6-97
6-34
6-37
6-52
6-62
6-78
6-53
Thur.
6-62
6-62
6-70
6-83
6-95
7-09
7-20
650
6 54
6-54
6-57
6-71
6-83
6-94
7-04
660
6-73
681
6-93
7-07
m.
6-65
6-70
6-74
6-87
6-98
712
7-25
Pork has advanced and to-day the demand was fairly active
at the improvement
quoted at $10 50@f 11 for old mess, $12@
S12 50 for new mess, $9 753i$10 25 for extra prime and $12(9
$13 50 for clear. Beef is firmer with a moderate demand ;
extra mess, $7 50@$8 packet, $8 50@$9; family, $10a$ll
per bbl.; extra India mess, $14@$16 50 per tierce. Cut meats
show an irregular advance sales to-day included 30,000 lbs.
pickled bellies, 10312 lbs. average, at SJ^c; closing quoted as
follows
Pickled bellies, 5>4 @ 5^c. pickled shoulders, 4@
Smoked shoulders, 5@5J^c., and
4J^c., and hams, 7i^@75^c.
bams, 9(393^c. Tallow is firmer and active at 5i^c. Stearine
is quoted at 7i^c. in tcs. and oleomargarine firmer at 6J^c.
Butter lower at 27® 33c. for creamery. Cheese is firmer at
;
;
;
:
;
103^(3 12c. for State factory, full cream.
Coffee on the spot though quiet has ruled firmer. No. 9 Rio
and No. 8 to be shipped at 17^c.
afloat sold to-day at 175^c.
18%@ ISJ^c. Mild grades were very
The speculation in Rio futures has been quite moderate.
To-day stronger European advices led to some buying by local
speculators, and prices slightly improved. The close was firm,
No. 7 in store quoted at
quiet.
with sellers as follows
17-900. June
March
:
Aprtl
May
17-700.
17-600.
17-25e.
July
1700c.
September
October
16-20o.
15-60c.
16-650. December
August
14600.
Raw sugars on the spot were more active to-day fair refining muscovado quoted at 5 l-16c. centrifugal of 96 degrees test
sold at 3 5-16c.,c. f. i., and molasses sugars, 89 degrees test, at
2 13-16c., c. f. i. Refined sugars are quoted at 6^c. on the
spot and 4J^c. for April, for granulated. The speculation in
raw sugars nas been dull, closing lower and nominal at 3-883
8-44c. for April, 8-48@3-52c. for May, 3-60<«3-64c. for June
and 8-66®3-70c. for July. A cargo of Matanzas molasses
sold to arrive in hhds. at 1214c. The tea sale went off at
steady prices, except that country greens were easier.
Kentucky tobacco is rather firmer, with more doing, but
still quiet, sales being limited to 250 hhds. half for export.
The movement in seed leaf shows a material reduction,
amounting to only 1,040 cases, as follows: 400 cases 1889 crop,
Pennsylvania seed, 11@ 15c. 140 cases 1889 crop, Penn. Havana, 13>^'3 30c. 100 cases 1889 crop. New England Havana,
16-a50c.; 150 cases 1889 crop, State Havana, 14328c., and
250 cases 1889 crop, Wisconsin Havana, l}:4(dV2Hc.; also 700
bales Havana, 70c.(a$l 16, aqd 75 bales Sumatra, |l 85(a$2 85.
On the Metal Exchange Strait's tin has been more active,
but closes quieter, though firm. The sales to-day embraced
25 tons for March and 10 tons for April, both at 20-lOc, buyer's
option. Ingot copper is wholly neglected. Domestic lead
is nearly nominal at 4%c.
Domestic spelter is not quoted.
The interior iron markets remain dull, out small orders are
rather more numerous.
Refined petroleum is quoted at 7-25c. in bbls., 9-30c. in
cases and 4 -70c. in bulk; naphtha, 6-75c. in bbls.; crude petroleum, 7c. in bbls. and 4-45c. in bulk. Crude certificate*
have further declined under an increased flow of the wells,
and close to-day at 71^c., after selling at 71c. Spirits turpentine is firmer'at 40i^C^41c. Rosins are firm at $1 55®|1 60
for strained.
Wool seUing fairly at steady prices. Hops in
;
,
,
;
;
better
demand and Arm.
THE CHRONICLE.
470
COTTON.
[Vol. L\I.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
March 30. 1891.
Friday.
We add similar figures for
cleared, at the ports named.
The Movement of the Crop, as indicated by our telegrams New York, which are prepared for our special use by Messrs,
ending Carey, Yale & Lambert. 34 Beaver Street.
week
from the South to-night, is given below. For the
P. M.,
reached 93,b75 bales,
this evening the total receipts have
previous
against 87,541 bales last week and 113,579 bales the
l«yu,
week, making the total receipts since the 1st of bept.,
same neriod of
6 102,187 bales, against 5,529,305 bales for the
of 572,883 bales.
1889-90, showing an increase since Sept.l, 1890,
Receipts at
—
Mon.
Sat.
Total.
Fri.
Thurs.
Wed.
Tue$.
New
5,611
Orleans...
432
726
450
443
316
1,113
Mobile
Florida
9,324
150
32,365
3,570
2,562
1,203
4,529
3,554
3,266 12,813
1,971
2,237
506
961
2,026
1,623
3,539
2,039
2,776
2,198
24
24
1,774
2,352
1,452
1,880
1,028
1,010
2,313
672
13,439
2,352
8,355
353
Bavannab
451
125
107
371
91
1,498
760
605
734
857
998
6,314
4,573
5,055
3,365
Brunsw'k, &o.
Charleston
Port Royai,&c
Wilmington
Wa*'gton,&c
414
West
450
1,507
530
1,236
202
743
429
Point...
2,449
1,143
Norfolk
505
622
765
621
198
1,312
1,252
486
68
57
436
632
404
N'wp'tN's.&c.
New York
Boston
Baltimore
1,051
144
Phlladelpli'a.&c
098
532
761
92,675
Totals this week 13,487 16,423 20,577 10,992 15,184 16,012
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
This
Week.
Slock.
1889-90.
1890-91.
Receipts to
March 20.
Since Sep.
1, 1890.
This
Week.
Since Sep.
1, 1889.
1890.
1891.
New Orleans...
New Orleans.
MobUe
Florida
Bavannab.
..
Bruns., io.
Charleston ..
P. Royal.&c
Wilmington
Wasb'tn,&c
Norfolk
West Point.
NwptN.,4c
Hew York.
..
Boston
Baltimore.
..
FbU'del'a,<]EO
Totals
813,310
22,817
43,392
12,013
32,365 1,815,874 12,994 1,847,108
542 232,122
3,570 274,690
52
28,922
24
34,724
13,439 1,003,889
4,439 903,024
2,352 172,827
1,170 161,259
8,355 434,627
1,151 312,120
687
1,802
178,929
1,498
764 131,897
3,739
3,732
386,478
6,314 567,902
1,908
4,573 309,411
1,962 315,857
998
86,540
683
52,829
102,789
102,018
5,055
2,835
65,067
3,365
85,878
1,016
532
47,188
78,984
2,398
761
39,879
1,636
64,959
305,306
36,432
172,181
11,147
59,461
2,282
43,255
23,392
7,823
12,403
15,290
23,219
138,391
9,500
6,495
6,172
5,665
125,496
6,000
4,217
17,915
92,675 6,102,187
. .
680,715
425,647
919,124
23,490
9,324
150
4,791
206
38,547 5,529,305
1891
9,474
32,365
3,570
13,439
8,355
1,498
6,314
5,571
12,089
6alv'ston,d[o
New
Orleans
Mobile
Bavannab.
..
Charl'st'n.&o
Wilm'gt'n,&o
Norfolk
W't Point, Ac
All others
Tot. this week
1889.
1890.
92,675
1888.
700
9,299
6,307
609
1887.
we
1886.
2,108
21,714
4,439
1,151
10,111
22,500
1,354
6,434
4,447
764
814
192
366
671
1,908
2,645
9,107
4,163
10,057
24,393
2,318
2,859
3,608
2,852
3,846
10,257
8,173
3,920
11,960
4,997
12,994
542
38,547
84,273
478
2,609
2,494
38,380
2,820
19,023
1,068
3,670
2,396
46,298
5,287
20,331
1,188
6,482
6,316
64,328
BlnceSept.!. 6102,187 5529,305 5175,264 5060,641 .5005,872 47 91,502
The exports
for the week ending this evening reach a total
of 68,463 bales, of which 37,963 were to Great Britain 10
405
to France and 20,094 to the rest of the Continent. Below'are
the exports for the week, and since September 1, 1890
Week £tuMng ifarcH
S'rpwiM to—
Great
Oonti.
Brtfn. Ftanct mm.
/rom—
QalTeston
New
Orleans.
Bmaswlok
—
Charleston
Wilmington...
Norfolk
West
9.860
6,611
24,064
5.830
e.l83
S.3S0
1,778
1,773
6,588
4.906
476,606 21,033
677.493 360,572
71,387
127,621 37,637
98.630
117,720 16,330
96.738
1,617
247.635 11,549
121.880
70,273
378
321.562 29,885
111.120
47.962 13,409
18,967
6,888
4,906
Point...
N'|)ortNws.4o
New York
Boston
Baltimore
Phlla<Ielp'a.4c
Total
Total,
Total
Great
Week. Britain. Vranet
150
1889^.
1,1»6
1«,S87
876
769
1,572
7,0U 20.150
2.872
2.672
1,989
1,989
20.091
68 4A2
279
87.963
38,677
279
10,405
l,18al 39,709
Oonti.
n«nt.
99.788
601,307
461,262 1,489,317
71,387
390,771
556,032
23,368
121.998
195,884
63.180
43,912
119,214
561,501
82,863
100,388
342.784
532,932
Other ports...
Total 1891..
37,514
8,237
63,445
Total 1890...
Total 1889.
33,368
37,391
9,212
14,641
Charleston ...
Mobile
Norfolk
New York
2,500
The speculation in cotton for future delivery at this market
has been feverishly active and buoyant at times, and at others
dull and unsettled. Liverpool on Saturday and Wednesday
reported sharp advances in futures, and larger dealings in the
spot markets there but on our Cotton Exchange it was con;
stantly asserted that the better Liverpool market was owing to
speculative manipulation in the interest of the "bulls;" hence
our response to the rise abroad was comparatively feeble, and
not well maintained. Weather reports from the South were betThe crop movement continued relatively large, exceeding
ter.
outside estimates in some cases. On Thursday the market
was depressed, in sympathy with the large crop movement,
lower prices at Liverpool and large receipts at Bombay, whiclT
united in causing free sales to realize. To-day there was some
weak Liverpool advices and a
when the prices
further depressions under
movement;
but, as heretofore,
full
for
August delivery approached 9c. the pressure to sell materially
abated. Cotton on the spot advanced l-16c. on Saturday last
to-day there was a decline of 1-16, middling uplands closing
As will be seen by our statement on another page, the
amount of cotton which has come into sight up to to-night
reaches 7,659,461 bales, a total 345,785 bales greater than the
whole crop of 1889-90 and 734,379 bales more than the yield of
1888-89.
The total sales for forward delivery for the week are 418,600
For immediate delivery the total sales foot up this week
bales.
for export, 1,099 for consumption,
1,099 bales, including
bales
in transit. Of the above
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week March 14 to March 30.
—
—
—
—
UPLANDS.
Sat.
* lb.
Ordinary
Btriot Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
81,730
603,731
7!«t
7%
81a
S'a
8l8
Hln
87e
9'ifl
91, fl
t>
99l9
9l6ie
10U,6
Sat.
Frl,
67,8
678
73j
81a
8i«
878
9'l6
99,8
67,8
678
8 '8
ll»ie
8ie
SH
878
91,8
638
613,8
Tb.
Frl,
8'i«
87,8
818,8
9
9'',«
99,g
91a
9>»,e
978
9i«,t 9li>,s 916,8 9161,
1011,8 1011, fl lOilift 10U|8 10»B
llig
11«.« 113,„ 113,8 113
Rlon Xnes
Wed
10
Ordinary
Strict Ordinary
Good Ordinary
10
10
10
1038
1039
1038
Ills
11»8
1038
1038
613,,
7I4
8l8
819
878
9I4
97,8
916,8
IOI4
11%
lllfl
IH18
11!>8
1168
lt»16
678
75,8
83,8
8»,e
816,8
95,8
9I3
.yib,
Good Ordinary..
Low Middling
Low Middling...
Strict
Middling
Good Middling
Good Middling.,
67e
76;«
83,8
8»,8
816,8
678
76,8
83,8
89,8
7»ie
83,6
8«,8
8l6„
8l»„
9»,i
9»,b
919
im im
11S8
Middling Fair
12
Fair
STAINED.
Good Ordinary
Good Ordinary.
Sat.
.Vlb.
63,8
613,8
711,
8I3
Low Middling
94
Hlon Tnes
63,8
6i4„
711,,
8ifl
63,8
613,8
711,8
81a
9Sl«
9l!J
7»t8
83,8
8»,e
816,8
95,8
91s
10
Wed
Tb. Frf.
6ie
63,8
613,f
63,8
613,1
6%
7",e
711,8
81a
768
81,8
8I3
MARKET AND SALES.
The total sales of cotton on the snot and for future delivery
each day during the week are indicated in the following
stateme^. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
sanM days.
158,310
U9,287
678
"WeA Tb.
67,«
6'8
8»6
GULP.
Strict
mon Tnea
7^
8%
7!(i
Pair
Strict
6't«
67a
329,913
4,164
68,707
1.911
SALES or SPOT AND TRANSIT.
160,565
303.098
1£0,078
18,881
76.572 2.606,022 416,086 1,883,758
1.338.863
!
10,018
31,207
9,076
27,725 [20,631
300
None.
.
7,437
Middling
Ibtal.
186,338 1,621.235
'
None.
None.
257,863
30,221
49,161
20,455
36,432
10,790
127,391
29,188
28,022
1,723
8,200
18,000
None.
None.
4,500
3,000
.,
Stock.
Total.
47,443
13,171
10,300
22.800
None.
4,500
11,000
10,000
1,272
3,846
2,100
None.
None.
None.
None.
None.
800
None.
..
Strict
Sept. 1, 1890, t« Meh. 20, 1891
BxroTted to—
IBO
Mob. 4 Peacla
Savannah
From
20.
wise.
at 9c.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons."
Seceiptsal—
"''"'^'
^"'^''
jyancc
^'^'"""- Foreign
10,712
7,602
None.
4,500
None.
2,000
5,700
7,000
Galveston.
interior
Galveston
ElPaso.&o.
Leaving
Great
Britain.
Savannah..
150
Galveston
El Paso, &o...
On Shipboard, not cleared^-for
March 20 al—
SrOT MARKET
CLOSED.
Sales of
Export.
Saturday Firm at ijg adv.
Monday. Quiet
Tuesday.. Dull
Wed'day Quiet
Thursday Quiet
Friday... Quiet at 1,8 dec.
Total...
....
Con- Spec- Transump. ul't'n sit.
IHiturts.
Total.
04
132
104
132
J
161
161
335
124
243
335
124
243
84.000
80.000
51,300
63,200
67,500
72,600
1,099
1,099
418,600
March
THE CHRONICLR
21, 18»1,J
Thb Sales and Prices of Futures
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totooo 0000 toooo totcoto toooo
66»6 6^ = 6 -1-1 OS MtO
tOtO*M
coos
to
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— — a:V i^ -JO to
oo ^ ®i sr ?l ^ 00 i 00 J
«"? ^
h'^
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M
QOO ^
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M
-1<1
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a
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a
s
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aM
01
to
w
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fi 2"? lol 00 ^
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o 61--6
mI O^i
toto*to
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8
5»i(,d.
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ts'
to
2
<
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9
hOti
00
to'
tcto
5^
ar:
5ii,sd.
1
a
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u OSM 00 «0> 01 oto M
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i
oo
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ll
22.223 2,562,448 2,724,772
—
i
9
'
192,000
21,000
121.000
193,000
33,000
180,000
7,000
82.700
260,000
30,000
11 'ac.
week, and since September
-
<1M
1
«
2,:
-="9^-*
If
:
223,000
15,000
101.600
260,000
24,000
the receipta
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1889-90 is set out in detail in the
following statement.
00 ^
-•OS
7,930
At the Interior Towns the movement—that is
for the
«
00
tOM
696,000
194,000
270,000
740,700
336,142
The above figures indicate an increase in the cotton in sight
to-night of 572,631 bales as compared with the same date
of 1890, an increase of 732,406 bales as compared with the
corresponding date of 1889 and an increase of 570,082 bales
as compared with 1888.
CO
r'l-'
613,000
178,000
3«o;ooo
633,320
177,502
40,926
17,532
QcjOW^f-W
if>if
1
6>:.*6
858,000
348,000
301,000
423,647
142,444
70,000 bales.
ft
^^to
>a follows:
ty The imports into Continental ports this week have been
1
oooto
tO»*M
i
2,673,054 2,095,623 2,002,748 2,164,772
Total visible supply
3,294,854
Price Mid. Upl., Liverpool
4i'i«d.
Price Mid. Upl.. New York....
9c.
©1^:
la
a
00
-J
toooo toooo toooo if
1
t^^'^^ Al^^f toto*io
Q
ao
01
0<
MW to tow M toto
^ 00 ^ toto 5^ too ^ 00 ^ >
0'
S
a
1
o Ǥ cstcoto
®
66*6
833,000
447,000
387,000
680,715
302.039
28,300
•»
COtOOCD
177,502
40,926
621.800 626,600 559,700 560,000
2,673,054 2,095,623 2,002,748 2,164,772
American
00 5 too ^
i^- 2 MM 2 1
MO
».":
?^»r
cc
270,000
33,000
740,700
256,142
7,930
ik
^ s
«
»-*
1
360,000
30,000
633.320
301,000
24,000
425,647
142.444
17,532
3S7,000
35,000
680.715
302.039
23,300
302,000
17,000
102.800
163.000
35,000
Total East India, Ac
fe
RCOm**
—
Egypt, Brazil, &c., afloat
«»>
«op
States Interiorstocks..
Total American
Satt Indian, Braail, de.
Liverpool stock
Umdoii stock
Coutineiital stocks
India afloat for Europe
OCODOQO
c6c6^«>
ooeo
. .
United States exports to-day.
-^
M
bales.
Europe.
afloat for
?.
»
©«:
400
700
3,294,854 2,722,223 2,562,448 2,724,773
tt'
«.«<:
6*6 66*6
M
-1-1
to
If*-
315,000
Total visible supply
00 2 m6 2
aiuiMi
:;iOM*'
1
260,700
4.000
47,900
20,000
Amerteau—
«2 x«pco
X
M
COOCD totootc toooo 0000 toooo <r
§ oo
66®6 (OCd
66*6 OSO QO OOS CO
66*6 mmO>1
<3
C-l w
i8 § w-i *.
M
|»o 5 too !J 00 5^ too 5' 00 5 too i
Oo
W
oo 2 66 2 ^« 2 OOOSm'^ oc 2 mm to"* W H
66 2 ooto'^ 30 to 9
Otytto''
-h-r--!
60
o^wto*'
-g
CO
t
452,600
519,800
Of the above, the totals of American and other descriptions are
tft
<3S
too
on
a*:
ODM
ODQDQOD
ex
<0
^
too 2
0!*.Ml
0000
168,000
3,000
61,000
5,000
5,000
900,000
500
J*
5
tc6*6
!»
OiW
OOOD
»
'*
OOQOOOO
010
l.UOO
131,000
4.000
56.000
7.000
0.000
i:
i(k,
XODOOO
M
800,000
3,300
31,000
18,000
:
toto
oi>6*ob
it^O
tt
^
3000
1
t
QOQpOQp
?D
ooxooo
o
o
Total Oreat Britain (took. 1.152,000 1,096,000
Stock at Hamburg
4,400
2,300
Stock at Bremen
173,000 143,000
Stock at Amsterdam
20,000
7,000
Stock at Rotterdam
400
300
Stock at Antwarp
7,000
6,000
Stock at Havre
231,000 161,000
8,000
Slock at Haraellles
4.000
70,000
Stock at Barcelona
90.000
11,000
24.000
Stock at Qenoa
17,000
10,000
Stock at Trieste
StooK in United Hlatcs ports ..
Stock in U. S. Interior towns..
United States exports to-day.
5"
3000
if»i^
ar;
IJ
0000
obob
ODQO
CBOOO
w
7,000
Ei(ynt,Brazll,i&c.,atltri>rK'r'pe
"
Ll-O
1888.
888,000
21,000
15,000
A iuer,cott'ti afloat for Kuro])o.
J
5
-1-1
1
17,000
Total European stocks.. .. 1,701,800 l,54S,fiOO 1,000,700 1,224,000
India cotton afloatfor Europe.
163.000 200,000 260,000
103.000
til
co»
-los
1
^Soog
-1
09
to
oS
rt^
a.
1
ni 5^ tcS'
001 ^28? 2 eS
'28to*-
W M»
<©
<§
1880.
793,000
1890.
bale*. 1,135,000 1,081,000
Total Continental stocks
^ffiOOO
WCd
2
•>
g
op
00
o
<
F
s
li^
1
B*>wS
to
1
M
^^
00
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1^?
opop
-lOd
1^
siH
g.pa
:
.
Sf
On Pri Sal
^voX. '''a^M ''''S^
00
Qt-OOOOp
Prices
§«
*--
©
'28"
«
s
s
siH
00
tjiooi
1^
Monday
Sales,
CloKin
o-rK
:
00
u
CO
Oi
;
?3lf
:S: r :^: f :?:
;«:
hi
O
n4
1891.
the
followinR comprehensive table:
c
471
r*.^.^:
tOC0lo»-b* CD C^ OD 00 Ce M 00 •(>
tOOSMOS
•g-4Mh-0D|*fc.©J&0D-^;
iKtccDOcjitcococoa>
=4
00Clt|l»->.|OiCO-gCO
acoosco-goMO
•-saioto
!?
OD^-'piM;
^i
oicouto;
oo;
co®MO»yoy*ico
.
3:--csfC*>cu««g
--:2Wwc:c-«cssr-F-Qo
>$
OlOCOO<Xt2WXCO<)
(»
•»
:
1
:
1
;
1
:
1
:
»
1
-1
:
1
-1
«tOMIO M
(0 nn to H- a >^ 09
MQDOa^lOiMO
,
»
tso
KtO
>•
1
<
t
1
««:
s
1
1
i
:
tots
>•
1
1
1
«:
1
•<
li
:
to
1
1
«:
1
<
N
>
>
If
1
1
1
'4
-1
1
1
-<
1
1
1:
«:
1:
;
1
«:
1
li
:
!
•^
1
1
«:
1
:
COtOOM
&
=
coax^ix —
cexovoMca
^
MCOCO^ M
ODAQC^ObCOOD
^looiikcfoo
The following exchanges have been made during the week
I
|
Even 100
^oeoo:
Oct. for Nov.
'18 pd. to exeh. 100 May for July.
01 pd. to exeh. 100 Sept. for Oct.
Thb V isiBLE SuPFLY OP COTTON to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well a»
MM
o>c»p!rf».c>«cea
ODoo'Vob'coto'c&
00
* Incliiaes sales in Septemher. 1800, for September. 228.300; Septem.
lierOctober, for October. 349,300; September-November, for Novcnil)er.
S82,70('; September-December, for December. 047,300; Siniteiiilier.
January, tor January, 2,U60,800; September-February, for February,
1,589,100.
Even. ,W0 Oct. for Nov.
•09 pd. to cxch. 100 Apr. for May.
•22 pd. to cxcU. 100 May for Aug.
COQiaCO'--:
<OCSIOfcCIO<
>
1
»*
:
OaCDMMCO'
*
I
t
OCff
^1 -^
MA
MMCO t0O>»O tCMC^QD
OOM^OSMOMODOOC^MOSO
MCOCXOIOO^CKCClO J>COOi
M
Ilk.
ts cc to
gi
^
^
M O ^ C3 CO C3 ^ CO 01 -J CD
I
CDM-4C0j0(^.pQ0MC»*^O'aJaCiC0;Jp0^
MbwtcVbC5'»e»-Ci'»-'bMC-«VjC;iifcXCOW
C}>OtCOiQtO — <%<lMOC:cCQOtO»0^0)i^
01 00
— Oi O b5 O 03 M »0
c;itOMCOiik:
gcodbtoa:
CCM^QO*
•
:
•
iP.
CO -g -J CO
W « to ©
00 1»
to
MtoM ioo<liokd ^gea
MOiacooio<gMi.'M<got
ab^i^OO09CDCDOCffC;<t0
"UojMODtOC^'qaDbB*.
OS*.bDMVtO*k"cO
^1
eooaop.
LnnlsvlUe fleures "net" In liotU years.
Last year's lliturea are for arilSn.
This year's Seures estimated.
The above totals show that the old Interior stocks have
and the afloat are this week's returns, decreased during the week 22,869 bales, and are to-night 159,593
and consequently all the European figures are brought down bales more than at the same period last year. The receipts at
to Thursday evening.
But to make the totals the complete the same towns have been 9,954 bales more than the same
week last year, and since Sept. 1 the receipts at all the town*
figures for to-night (Mch. 20), we add the item of exports from
are 42«.323 bales ntore than for the same time in 1889-90.
the United States, including in it the exports of Friaay only.
those for Great Britain
THE CHRONICLE.
472
Quotations for Middling Cotton at Other Markets.—
Below we give closing quotations of middling cotton at Southweek;
ern and other principal cotton markets for each d%y of the
March
20.
Hon.
Satur.
8^8
Mobile
8»9
8iiu
8U,8
8"t9
858
838
8'e
858
a^e
9ii«
8=8
8=9
8%
Charleston.
Norfolk...
8 '8
SOs
8's
Boston
Baltimore
9
9
Philadelphia
9^^
Augusta
8%
8%
8i3ia
8it,e
8%
8%
Memphis
—
Louis
Cincinnati
.
LouiSTille.
.
St.
8%
8%
Bavannah
Wilmington
81618
8lli«
8»8
8'18
81%
8 '8
8=8
»'«
8»8
B-'a
8''8
8»8
8'8
She
91-18
9h6
9
9
9
9>a
9>a
9>9
91s
9i«
aval's
8%
8%
9»8
9H
9i8
9ie
8\
8%
9^
9^
9l8
9
9
9H
9H
914
8%
8%
CoIumbus.Miss
Bafaula
9
I
Little
8 ^a
Raleigh
1
Shreveport
SHi
8% Rome
8% Selma
Montgomery..
8H
I
819
Book....
8»8
Nashville
S'lslNatohez
—
S^a
BM
Receipts From the Plantations. The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Anally reaches the market through the outports.
Receipti at the Ports. St'k at Interior Town). Rec'ptt from PlanVne.
Week
Mndtnt—
Fab.
•'
13...
20..
•
27..
Heb.
"
IS..
"
1886.
1890.
1891.
1890.
1889.
20..
s.
1890.
1889.
1891.
1891.
I
I
99,995 t35,736 820,287 259,957 391,311 119,136
83,218 121.251 297,545 239,995 385,701 73.608
96,593 88.608 128.898 270,972,222,979 378.302 70,020
81.638 63,551 112,679 216,002 196,978 366,155 68,668
80,026 64,736 87,541 216,270 175,619 314,018 19,291
8*.273 38,547 92,675 195.628 154.459 321,139 64,63ll
135,070
9a,350
70,374 123,411
63,256 118.811
69,502 119.494
37,553 100,432
33,106
17,357
65,131
69.768
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1890, are 6,409,713 bales; in
1889-90 were 5,671,320 bales; in 1888-89 were 5,335,517 bales.
2.
That, although the receipts at the outports the past week
were 93,675 bales, the actual movement from plantations was
only 69,766 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 17,837 bales and for 1889 they were
—
64,631 bales.
Overland Movement for the Week and since Sept. 1.—
statement showing the overland movement
for the week and since September 1. As the returns reach us
We give below a
by telegraph
late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Mch. 20
and since Sept. 1 in the last two years are as follows:
1890-91.
March
Shipped—
Via St Louis
Via Cairo
Via Hannibal
Via EvansviUe
Via Louisville
Via Cincinnati
Via other routes, &c
Total gross overland
Deduct sMpmenls—
Overlann to N. Y., Boston, Ac..
1889-90.
Since
Sept.
1.
477,619
257,108
6.672
5,462
1,227
1,177
3,589
1,583
1,698
Week.
81,4981
11,233
3,023
461
24,132
724
177.749!
1,068
3,673
2,611
157,495
130,500
21,408 1,309,101
Sijiee
Sept. 1.
462,883
292,068
58,340
20,013
109,235
192,203
150,298
22,793 1,285,034
Inland, &c., from South
9,713
2,311
2,338
275,734
100,226
77,393
7,885
14
2,228
311,028
52,586
98,405
Total to be deducted
14,362
453,353
10,127
462,019
interior
towns
Leaving total net overland*
7.016 855,748 12,666 823,015
* Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 7,046 bales, against 12,666 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 32,733 bales.
In Sight and Spinnerf
1890
91.
1889-90.
Takingt.
Week,
ggpt
1
Becelpts at ports to March 20.
Net overland to March 20
92,675 6,102,187
7.046 855,748
Sonthem consumption to Mch. 20 14,000 394,000
Total marketed
Interior stocks in excess.
Came
—
22.
—
Texas. There has been one shower during
the week, the rainfall reaching thirty-eight hundredths of an
inch.
Farm work on the new crop is well advanced. The
thermometer has averaged 53, ranging from 34 to 72.
have had one light shower during
Luling, Texas.
the week, the rainfall reaching five hundredths of an inch.
Com has generally been planted, and much of it is up. Cotton planting is progressing. The thermometer has ranged
from 38 to 75, averaging 54.
Columbia, Texas. It has rained on two days of the week,
the precipitation reaching one inch and twenty-five hundredths. Average thermometer 54, highest 74 and lowest 34.
Cuero, Texas. The week's precipitation has been seventy
hundredths of an inch on one day. Plantation work is active,
and much young corn is already above ground. The thermometer has averaged 54, the highest being 73 and the lowest
—We
—
—
34.
—
Brenham, Texas. We have had rain on three days of the
week, the rainfall reaching twenty-six hundredths of an inch.
Thermometer has averaged 50, ranging from 80 to 70.
Belton, Texas. It has rained hard on three days of the
week, the rainfall reaching one inch and ten hundredths.
Crop preparations have lieen retarded by wet soil. Small
grains look well. The thermometer has ranged from 27 to 72,
averaging 46.
Weatherford, Texas.— The weather has been dry all the
week. Average thermometer 47, highest 71, lowest 23.
New Orleans, Louisiana. —We have had rain on two days of
the week, the precipitation reaching eighty-eight hundredths
of an inch. The thermometer has averaged 54.
Shreveport, Louisiana. We have had rain on two days of
the week, the precipitation reaching three hundredths of an
inch. The thermometer has avered 50, ranging from 30 to 74.
Columbus, Mississippi. There has been no rain all the
week. The thermometer has ranged from 24 to 60, averaging 47.
Leland, Mississippi. Rainfall for the week thirty-five hundredths of an inch. Average thermometer 49'4, highest 69
—
—
—
—
and lowest
33.
into sight during week
Total in sight March 20
Week.
Since
Sept.
1.
38.547 5,529,305
12,666 823,015
12,000 368,000
113.721 7,351,935 63,213 6,720,320
•22,909 307,526 •21,190 142,015
90,812
42,023
7,659,461
6,862,335
—
Korth'n spinners tak'gs to Mcli.20
1,64 2.234
1 605 942
~~
* Lioss In stock during week.
It will be seen by the above that there has come into sight
during the week 90,812 bales, against 42,023 bales for the
same week of 1890, and that the increase in amount in sight
to-night, as compared with last year, is 797,126 bales.
'
—
—
Meridian, Mississippi. Telegram not received.
It has rained on one day of the
Little Rock, Arkansas.
week to the extent of six hundredths of an inch. The thermometer has averaged 45, the highest being 66 and the lowest
24.
20.
Week.
Between
dredths. Average thermomter 52, highest 75, lowest 28.
Dallas, Texas. The weather has been dry all the week.
The thermometer has averaged 46, the highest being 70 and
San Antonio,
Southern markets were as follows:
Atlanta
Columbus, Ga.
—
the lowest
918
9'4
closing quotations to-day (Friday) at other important
The
—
Wratheb Reports by Telegraph. Our advices by telegraph from the South to-night are generally of a favorable
character. In Texas preparations for the next crop are as a
rule making good headway, and elsewhere better progress is
being made less rain having fallen.
Oalvetton, Texas. It has rained on two days of the week,
the precipitation reaching one inch and eighteen hundredths.
The thermometer has average 58, ranging from 37 to 69.
Palestine, Texas. We have haid rain on one day during the
week, to the extent of seventy-six hundredths of an inch. The
thermometer has ranged from 23 to 73, averaging 48.
Huntsville, Texas. Rain has fallen on two days of the
week, the precipitation being one inch and twenty-five hun-
—
8»8
878
91 ,«
8%®''8
8\
8%
8%
lii.
—
Fri.
Thuri.
Wednes.
Tues.
8'8
Galveston...
New Orleans
.
FOR MIDDLINO COTTON ON-
CLOSING) QUOTATIONS
Week ending
lVou
—We
have had rain during the week, but
Selena, Arkansas.
not enough to measure. The river is still rising and is now
four feet below high water mark. Ground is getting dry
enough to be worked. The thermometer has averaged 44,
ranging from 28 to
66.
—
It has rained on one day of the week,
the rainfall reacjjing six hundredths of an inch. The thermometer has ranged from 26 to 70, averaging 48.
Nashville, Tennessee.
There has been rain on three days
of the week, the precipitation reaching eighty-seven hundredths of an inch. Average thermometer 45, highest 67,
lowest 20.
Mobile, Alabama. The weather has been decidedly more
favorable and planting preparations are making good progress.
It has rained on three days of the week, the precipitation
reaching one inch and thirteen himdredths. The thermometer
has averaged 58, the highest being 72 and the lowest 38.
Montgomery, Alabama. There has been rain on two days
and the remainder of the week cool and pleasant. Rivers are
falling fast, and farmers are making good headway with
ploughing.
SeHma, Alabama. The weather has been clear all the week.
The thermometer has ranged from 32 to 72, averaging 51.
Auburn, Alabama.
have had rain during the week to
the extent of seven hundredths of an inch. Average thermometer 47'1, highest 65 and lowest 28.
Madison, Florida. It has rained on three days of the week,
the precipitation reaching two inches and fifty-five hundredths.
The thermoneter has averaged 55, the highest being 68, and
the lowest 35.
Columbus, Georgia.
have had rain on one day of the
week, the rainfall reaching ten hundredths of an inch. The
thermometer has averaged 53. ranging from 33 to 64.
Savannah, Georgia. Rain has fallen on five days during
the week to the extent of two inches and forty-five hundredths. The thermometer has ranged from 35 to 70, averaging 62.
Aitgusta, Georgia. There has been light rain on three days
of the week, the precipitation reaching one inch and one hundredth. Continued bad weather has interrupted preparations
Memphis. Tennessee.
—
—
—
—
—We
—
—We
—
—
M1.BCB
THE CHRONKLK
21, 1891.1
and farmers are considerably behind in their
AvornKC thermometer 49, liiKht>st 66, lowest 80.
Uharleaton, South Carolina. — liain has fallen on five days
(hiriuK the week to the extent of one inch and sixtv-seven
hundrtdths. The thermometer has averaged 61, the highest
boinK 08 and the lowest 34.
Stateburg, South Carolina.— It has rained on three days of
the week, the precipitation reaching one inch and seventytwo hundredths. The thermometer has averaged 47-5, ranging from 28 to 63-4.
Wilson, North Carolina.— Vfe have had rain on one day of
the week, the precipitation reaching forty-four hundredths of
an inch. The thermometer has ranged from 34 to 66, averagfor planting,
work.
ing
46.
The following statement we have also received by telegraph,
•howing the height of the rivers at the points named at 8
o'clock March 19, 1891 and March 20, 1890.
Meh. 19,
'91.
Mek. 20,
473
—There
UlOU Water.
have been further breaks since our
along the MIssiHHippi River, but none of
special importance except that on March 17 ut the Ames planLate on the IHth this creraase
tation opposite New Orleans.
had reached a width of l.'iO feet and a depth of 2JS feet, and as
all attempts to close it have lx!en abandoned, much damage ia
feared.
Railroad tracks are already submerged and the water
is fully two feet deep in the rear of Gretna, and rising.
The
damage so far as agricultural interests are concerned will be
mainly to rice and sugar plantations.
last issue in the levees
Savannah's Cotton Receipts.— On Wednesday, March
18,
the receipts of cotton at Savannah reached one million bales,
the heaviest receipts in one season at that port. The occasion
was celebrated on the Cotton Exchange the following day by
a banquet, and snet-ches were made by the Vice-President of
the ExchauKC, (the President being absent), and some of the
leading men of the city.
'90.
BHIPPINQ News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
16-2
16-8
Above low-water mark.
93,676 bales.
34-3
36 4
Above low-waler mark.
Memphis
Totul bales.
28-9
MlesliiK.
Above low-water mark
Ma«liviUe
Haw York—To Liverpool, per steamers Britannic, 1,534
27-7
17-4
Above low-water mark.
Shrevejiort
Chantrer. l,08«....City of New York, 1.082.... Lake On47-2
47-7
Above low-water mark.
VIoksburK
tario. 322. ...St. Pancraa, 4,469.. ..Servla, 2,393. ...WisNote.— Reports are made In feet and tenths.
consin, 1,471
12,367
To Havre, per steamer La Gascogne, 769
769
all Forts. The receipts
India Cotton Movement from
To BreiueD, per steamers Ems, 655... Bavel, 60
705
Bombay have been as follows for
and shipments of cotton at
To H;iinbuig. (it r steamers Europa, 125
Bugis, 300
429
the week and year, bringing the figures down to March 19,
To Aniwor]). per f<teamers Conemaugh, 2,226
Frieeland,
1,932... Marengo, 450
4,608
BOMBAT BECEIPT8 AHD SHIPMENTS FOB FOUB TEAB».
To Christiana, per steamer Norge, 3
3
Shipments sinct Jan. 1.
Receipts.
To Genoa, per steamer AlsatiH, 921
Shipments thit week.
921
To Naples, per st^^amer Alsatia, 202
203
This
Since
ContiOreat
Teor Oreat Co?i/i-| _
ToTiit'Ste, per steamer Alsatia, 160
190
Total.
Week. Jan. 1.
Brifn. jient. """" Britain nent.
Naw OBLBAN8—To LIveniool, per steamers AustraUan, 4,620
Feet.
New
rest.
Orleans
—
,
,
28,000|292,000
1,000,350.000
320,00099.000
451,00083,000
1889.23.000 2 J,000-15,000|l-»3.000ia63,000
1888118.0001 8,0OO,26,00Ol 69,000|2 15,000
DOB.OOOi 79,000
1891' 8.000 29.000 37,000
1890 18.000 52.000 CH.OOOi
1
805,000
773,000
808,000
525.000
284,000)61,000
Shipments smee January
Shipments for the week.
1.
Oreat
Britain.
Continent,
2,000
7,000
16,000
16,000
21,000
33,000
37,000
49,000
2,000
2,000
4,000
5,000
3,000
4,000
8,000
3,000
2,000
1,000
2,000
13,000
11,000
9,000
12,000
22.000
23,000
2,000
9,000
Oreat
3,000
11,000
33,000
32,000
30,000
48,000
63,000
80.000
Continenl.
Britain.
Total.
Total.
1,000
2,000
1891....
1890....
1,000
6,000
1890
othen—
1891...
1890...
Total
aU-
1891
1890
1,000
2,000
EXPORTS TO BSBOFE FBOM ALL INDIA.
This
week.
from—
Since
Jan.
This
week.
1.
To Hamburg, per steamer Blue Jacket, 800
West Point— To Glient, per steamer Bellini, 4,624
Newport News— To Liverpool, per steamer Melbourne. 2,860.
Boston— To Liverpool, per steamers Kansas, l,796...MlcmgaD,
This
week.
1.
Bombay
37,000
3,000
All otber ports.
320,000
63,000
68,000
11,000
451,000
80,000
40,000'
383,000
79,000
6,977
1,709
1,586
Total
Sweden
506,000
87,000
50,000
593,000
ALEXANDBIA BECEIFTS AND SHIPMENTS
Bre-
Liver-
?ool.
Havre,
769
Alexandria, Egypt,
1890-91.
1888-89.
1889-90.
45,000
3,805,000
Since Sept. 1.
14,000
3,056,000
13.000
2,677,000
This
Since
week. Sept. 1.
3,000^232,000
3,000 126,000
5,000 206.000
6,000 123,000
Total Europe.
A
cantar
is
7,000'412,000
98 pounds.
6.000l358,000|lll.000 329,000
This statement shows that the receipts for the week ending
March 18 were 45,000 cantars and the shipments to all Europe
7,000 bales.
Manchester Market. — Our report received by cable to-night
from Manchester states that the market continues steady for
both yams and shirtings at the reduced quotations. Orders
are
coming
in
more
freely
from the East.
We give the prices
for to-day below, and leave those for previous
and last year for comparison:
1891.
Twist.
d.
d.
»b.l3 7'8 »8»8
" 20 7\ asis
" 27 7'e »8'e
Moh.6 7'i »8
" 13 7% a75»
" 20 7*8 «7«i
8.
d.
6
6
liaa7
lis»7
li9»7
6
6
5 11
5 11
d.
8.
2
2
2
-a?
»6
96
11
11
JCTE BcTTS, Baqoinq,
CotPn
Mid. 32« Cop.
Twist.
Uplds
A.
416,,
8% «8^
4'fl
8ii|s«8iH
4'8
d.
d.
a4»8%
4ls„ 8»i«98l>te
4ib; 8°is98ll|r
4">« 8»,«»8Hi.
8H
Boston ....
Baltimore.
News
d.
8.
6 3 »7
6 2ia»7
6
6li«
61,8
6li«
726
'Hon.
Tuts.
Wtdnes. Tkurs.
93,676
JW.
UTsrpool, steam d.
Do
late dellv'y.cf.
Havre, steam.... e.
Do
aall
e.
Bremen, steam.,
Do
e.
Indirect. e.
Hamburg, steanfe.
Do via
Indirecte.
amst'd'm, steam. £.
Do
Beval, 8teara....<(.
Do
85-37V
35-37
*
V 36-37>«' 35-37V 35-37V,35-37V
Indirect.. <(.
sail
'S2»'4
7jg®l4
Tja®!*
l3j«i4
Tss*^
7sj»l4
d.
Per 100
^
^
>4
Vl
>s
>4
>s
lbs.
—
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks. Sco., at that port.
61,
l«a
3 «7 3
Nominal.
Nominal.
Nominal.
6^
6i«
&C.— More inquiry for jute bagging
lias developed of late, but actual orders have as a rule been
in small lots from Southern buyers.
There are no changes to
report in quotations, the ruling prices at the close being 5%c.
for 1% lbs., 6c. for 2 lbs. and 6)^c. for standard grades. Jute
butts are quiet at IJ^c. for paper grades and l%c. for bagging
quality.
30
»9
3
„..
769 8,718 1,979 11,491 1,123
150
Cotton freights the past week have been as follows:
>4
d.
18,270
10.776
8,877
9,234
7,787
4,624
3,860
8,977
3,295
Total.... 69,850
Satur.
Total.
150 20,150
1,986
latirerp, steam d.
d.
tria.
800
ColPn
Mid.
VpUls
lbs.
Aus-
2,950
4,400
696
Norfolk ...
West Point
Baroelona,8team d.
Qeuoa, steam .. .d.
Me«te,«team...d.
Shirtings.
s.
Italy,
1,123
Bel-
390
of this
1890.
8I4 lbs.
Shirtings.
32» Cop.
weeks
giutri.
425 4,611
6,427
4,834
6,9S7
4,624
2,860
6,977
1,709
Charleston.
Since
This
week. S^l. 1.
2,000 250,000'
5,0001162,000
Exports (bales)—
To Liverpool ....
To Continent
This
Since
week. Sept. 1.
<t
burg,
Galveston, 10,528
Savannah
Eeceipts (cantars*)
Tbisweek
Ham-
men.
705
N. Orleang. 18,270
N'p't
18.
696
30
93,676
Since
Jan. 1
45,000
5,000
531,000
80O
4,624
2,860
Rossmore, 501
To Bremen, per steamer Stuttgart, 1,586
Pkiladklphia— To Liverpool, per steamer British Prlnoess, 696
To Antwerp, per steamer Belgenland, 30
Phlladelp'B
Total
6,987
2,'ill....Pavonla, 1,400.... Virginian, 1,270
Liverpool, per Bteamerg Enrique, 1,208
Baltimobb—To
,367
'
4,400
Sarah
Radcliffe, 6,322
form, are as follows:
1889.
Since
Jan.
6,427
1,250
1,200
4,834
rhe particulars of these shipments, arranged in our usual
1890.
1891.
Europe
March
350
To GeHe, per bark Erstatiiingin, 1,250
To UiUlevalla, per bulk Amaranth, 1,200
Ohableston— To Liverpool, per steamer Falrmead, 4.834
To Gottenbnrg, per barks Maria Stoneman, 2,900
Sou-
Bhim^ents
to all
10,526
To Hamburg, per steamer Avonmore, 350
venir, 1,500
Hadras—
1891....
18,270
SAVANNAH— To Bremen, per steamer Upland, 6,427
ITobfolk—To Liverpool, per steamers Canopus, 665
Oaloutta—
All
... Ve<ia, 7,200 ...William Cliffe, 6,4,50
Liverpool, per steamers Nlgretla, 6,168
Tropic, 4,3.58
Oalvestok— To
Feb. 27.
Sale* of the
week
Meh.
6.
Meh.
13.
Uch. 20.
52,000
47.000
53.000
74,000
1,000
3.000
3,000
3,000
10,000
9.000
2.000
5,000
48.000
58.000
40,000
37,000
Aotoal export
9,000
6.000
5,000
6,000
Forwarded
84,000
80.000
75,000
70.000
roiai stook— Estimated
1,155,000 1,144.000 1,135,000
1,112,000
Of which American Esttia'd 801,000 843.000 840.000 833.000
Total import of the week......
81.000
77.000
111,000 133.000
Of which American..........
69,000
63.000
95,000 110,000
amount afloat
270,000 390,000 210,000 335.000
or which American
250.000 230,000 300,000 305.000
bale*
Of which exporters took....
Of which speculators took...
Sales Anierloan
—
THE CHUONICLK
474
each
The tone of the Liverpool market for spots and futures
closing pricep
day of the week ending Mch. 20, and the daily
follows:
of spot cotton, have been as
Saturday Monday. Tuesday. Wednu. nwid'y.
Spot.
F'riday.
Fair
baslneB)
doing.
Fair
business
dolDK.
Barely
Market, I Moderate
supported
1:46 P. M. I demana.
lUd.Upl'd8.
4«i«
41B,8
Bales
Bpeo. Aexp.
8,000
1,000
12,000
1,000
tutura.
Market,
1:45
P.
M.
Oood
Harden'K. demand.
4«,6
10,000
1,000
14,000
1,500
4iBia
415,6
416,6
10,000
1,000
12,000
1,500
Weak
at
Steady
at
>arttally
Quiet at
Qnlel.
Firm.
ateady at Steady at
Basy at
partially
1-ei adT.
partially
1-B4 adT.
1-64 decline.
Quiet and
steady
Very
Barely
Quiet and
steady.
steady.
steady.
highest, lowest
Sat..
Mch. 14.
Open High Low.
and closing prices of futures at
.Hon.,
Clot.
d.
a.
d.
d.
156 4 69 168 169
Mch.-Aprll. 4 68 169 158 169
April-May. 161 161 161 161
Harcb
..
AuK.-Sept
6 01
5 05
6 07
5 09
5 02
6 05
5 01
5 05
6 02
6 05
608 5 07 508
510 6 09 610
608 509 5 08 6 09
6 07
6 07
5 07
Open HigJl Low.
d.
d.
5 07
6 06
5 05
d.
Clos.
6 05
156
166
160
163
5 05
Open High Low.
Cloa.
d.
6 05
NOT.-Dec.
Dec- Jan...
606 5 06 606 606
Wed., Mch. 18.
d.
156
156
169
163
6 02 60S
5 05 606
5 07 608
606 5 07
506 506
156
166
168
163
502
6 01
6 08
601
Thnrs., Mch. 19.
5 05
6 05
d.
Hcb.-April
April-May.
May-June..
d.
d.
OU>s.
6 03
6 03
6 02
5 05
5 02
5 01
—
Open High Low.
d.
d.
159 169 159 159
169 169 159 159
161 162 161 161
6 05 501
Jaly-Aog.. 608 508 6 07
6 10 5 10 609
August
Aug.-Sept.. 5 09 5 09 608
6 07 508 507
8ept.-0ct.
6 06 5 07 506
OCt.-NOT..
6 05 606 6 05
NoT.-Dec.
Dec-Jan... 6 06 6 07 606
Jane-July..
601 601 6 01 601
5 03
Rye
is
6 05
156
156
159
163
5
5
5
6
6
6
5 05
6 07
5 06
6 05
57
5838
5738
471a
48
very unsettled and our figures are entirely nominal
is in fair demand and steady.
The following are closing quotations
Barley
barrels. (Corresponding
these figures):
wheat
flour in
sell slightly
below
bbl.
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
Buck-wheat
for
PLOUB.
$4 85»$5 50
*8 ©0a$3 40 Patent, winter
3 359 3 75 City elilpplng, ertras. 5 15a 5 25
3 65« 4 00 Rye flour, superfine.. 4 50a 5 00
Fine
3 50» 3 80
3 30a> 4 40
4 153 4 75 Com mealWestern, &o
3 009 3 25
4 509 5 00
Brandywlne
3 509 3 55
5 00® 5 85
per 100 lbs., 2 50®2 55.
9
Pine
grades in sacks
fio«r,
GBAra.
Wheat—
Red winter No. 2
Bed winter
-.1
White
1
Com, per bush.—
0.
0.
Spring, per bosh. . .
97 «120
14 «115
93 al 17
04 «1 14
West'n mixed
W'nmix. N0.2
77
77
77
73
76
73
73
West'n yellow
Westemwhlte
Bye-
95
Oats-SUxed..* bu.
90
White
97
92
76
82
No. 2 mixed
Barley, Western
No. 2 white
90
Canadian
80
Buckwheat, per bush
77
83
State
For tables nsnally given here see page 447.
Western, per bush..
State and Jersey ..
77
58 •
58is9
59 «
59is«
70 '9
601a
64
60
61
72
'
601
601 6 03
501 5 05 601
5 03
03
08
08
07
08
06
58I4
57 14
511s
584
fri.
59 13
59I9
5938
5Sl4
6 05
THE DRY GOODS TRADE.
Open Bioh Low.
March
5 06
d.
165
156
158
163
601 501 501 501
506 506 606
SG^g
c
d.
d.
156
156
159
163
5 03 6 02 503
6 06 5 05 606
608 6 07 6 08
5 07 606 6 07
166 4 67
156 157
4 69 159
163 163
5 02
6 06
Tues.. Mch. 17.
Mch. 16.
6 07
6 06
6 05
8ept.-0ct..
0Ct.-N0T...
c.
57ifl
561s
delivery
July delivery
on the
Liverpool for each day are given below. Prices are
unless otherwiae stated :
basis of Uplands. Low Middling clauBe.
August.
speculation as well as regular trade.
daHiT ouobisq pkiobs op ho. 2 mixbd oais.
Tuet.
Wed. Thura.
Sat.
Hon.
58I4
58 14
58'4
57ifl
«. 57
March delivery
5814
5811
58>4
April delivery
o. 57
571s
May
1-04 decline.
-64 adv.
decline.
The opening,
June-July..
July- Aug..
Oats have also advanced, partly from sympathy with corn
and partly from scarcity. On Wednesday the speculative
dealings were extended to the next crop, with a sale for
August of No. 3 mixed at51J^c., dropping the next day ta
To day the market was firmer, with more activity in.
473^0.
August delivery
Market,
4 P.M.
May-June..
[Vol. LII.
5 02
6 06
5 08
610
509
d.
157
157
159
163
157
167
150
600
5 03 603
6 06 506
608 608
d.
Cios.
Fri.,
Open
H«i)h
d.
d.
d.
166
166
158
162
166
156
158
163
6 02 503
153
163
156
160
5 05
6 05
6 0T
5 07
6 03
6 05
606 606
501 5 05
601 601 6 0a 501
6 07
5 05
Mch.
5 07
6 05
iiO.
Low.
d.
Clos.
d.
161
151
156
181
6 00 600
15S
163
166
160
5 00
151
151
156
161
500
5 03
6 03
6 05
5 03
5 05
601 6 01 501
603 6 03 6 03
6 02 6 02 502
Obituary.—Mr. George H. Anderson, for nearly a quarter of a century the representative of the New York Daily Commercial Bulletin in
the dry goods market of this city, and who for almost as many years
has acted in like capacity lor the Chroniclk, died Tuesday at his
residence in this city. Mr. Anderson was highly esteemed by all those
with whom he came in contact and possessed the entire confidence of
the dry goods trade. The funeral was from his late; residence, 297
501
5 06
West Fifty-third
Street,
on Thursday.
Nbw
Yobk, Friday
P. M.,
March
20, 1891.
During the early part of the week under review, business
606
Later on there was some
at first hands was decidedly slow.
5 03 6 03 6 02 6 03
6 05
6 01 6 02 5 01
improvement, personal selections by package buyers being
606 601 501 6 06 501 6 02 5 03 5 02
more numerous in the aggregate without any increase in the
volume of individual transactions. Agents were undoubtedly
S.
disappointed with the week's results on the spot, but found
Feidat, March 20, 1891.
some consolation in the fact that by mail and wire orders,
The market for wheat flour has been only moderately
new, but most duplicating, came to hand daily in
active, and somewhat unsettled in tone. Wheat having fluct- some
uated, no tupport to prices could be derived from the grain quite an average amount. The best feature of the situation
The export demand has been mainly for low is the regularity of collections, all the leadiug houses expressmarket.
grades, which are not plenty. The high grades are in full
ing themselves well satisfied with the progress made in this
supply but well held, and local dealers and bakers will not
connection. Taking the sustained duplicating business and
purchase beyond their immediate needs. To-day the market
was rather more active, and very full prices were paid.
good collections together, there is every reason to believe
The wheat market opened the week quite depressed. There that the present spot dulness is of a temporary chiracter,
was little demand, and some selling for " long " account due, in part at least, to the unsettled weather prevailing here
weakened values but there was some recovery on Monday lately. It is not at all in keeping with the evidences of a
afternoon, owing to the visible showing an unexpected de- good distribution and healthy condition of the dry goods
crease and cable advices coming stronger, and there was trade throughout the country. Prices are generally well
some further advance on Tuesday but a weaker closing, maintained, some little irregularity noticeable in off-style
owing to the large quantities on passage for Europe. The prints having no effect on popular standard fabrics.
depression was continued on "Wednesday morning, but the
DoMKSTio Cotton Goods. The exports of cotton goods
market turned stronger on reports of free buying at the West from this port for the week ending March 17 were 3,332.
for export. On Thursday the market was dt-presaed by packages, valued at
$197,597, their destination being to the
weaker cable sd vices, but the decline was mostly in the points specified in the table below:
early months. To-day the market was buoyant on buying for
5 07
6 03
5 02
6 02
6 03
BREADSTUFF
;
—
export, shippers taking 80,000 bushels No. 3 red winter for
Lisbon at $1 in}4 f. o. b.
OAII.T OLOSIBO PaiOES OP HO. 2 BBD WINTBB WHEAT.
Sat.
Hon. Tue$, Wed.
Thura.
March delivery
o. 113>a
1131s II414 113% II314 11438
May delivery
o. 110
1097j 11013 llOis 10908 II014
June delUery
c. lOSk
108
10808 10812 l(.8l8 10S%
July delivery
o. 105H
10478 IO5O8 10538 105 14 10573
AuK'ist delivery
c. 101 "e
101»8 IO214 lOlTg 101% 102 14
September delivery
101i«
o. 101 "s
lOfs 101>s IOII4 lOl's
December delivery
o. lOS^a
10278 103%
1031a 10338 103%
Indian corn has
made a
material advance. Scarcity felt
at the moment and apprehended for the summer months,
has
been the dominating influence. Against it there was no
arguing. Buying for export nearly ceased when the
price for
sound corn rose above 70 cts. per bush. Today there
was a
sharp advance with shippers again in the market to
the extent of 43,000 bush. No. 2 mixed afloat brought 76i^@77c.
DAn.T OLOSWO PBI0S8 OP BO. Z MIXBD OOBR.
Sal.
Mon. Tuet,
Wed.
Ihurt,
„ ^ delivery
March , ,.
0. 70
71%
73
73
73%
751a
April delivery
70ia
71%
71'fl
7211
74 14
May deUvcry
c.
eeOs
68
6938
69%
70
71%
June delivery
65ia
0.
66is
67ifl
67%
6814
69%
July delivery
o. 6514
66is
671a
67%
68
6958
1890.
1891.
New York
to March
17.
Week.
122
18
1,084
.......... ...........
994
80
92
22.985
3,735
2,557
CMna
[ndia
Africa
West Indies
South America .............
Tottil
Total
390
1.
Week. Since Jan. I.
120
30
800
289
1,082
370
6,305
1,276
2,071
1,213
4,433
1
236
8
293
117
88
675
12
3,113
201
65
86
330
40
846
3,322
44,100
8,050
2,821
3,862
26,517
7,010
3,322
52.150
6.683
33,557
•China, via Vancouver
*
Jan.
............
other EiiroDean
Arabia
Sitfee
577
1,534
7,559
1,182
455
1,183
7,283
From New England mill points direct.
The value of the New York exports since January 1 have
been $3,407,639 in 1891, against $1,526,009 in 1890.
Brown
Staple cotton goods were in irregular request.
sheetings were mainly dependent upon the demand for export for their strength, neither jobbers nor converters operating to anything like an average extent. As will be seen from
March
THE
21, 1891,]
CHRONICLIfi.
476
the table above, the exports of domestic cottons so far this
mportatlona or Drr Uoo4a.
year are nearly double the quantity recorded during the oorThe importations of dry goods at this port for the week
respondinj? period last year, an increase larKely due to the
greater freedom with which brown kooIs have been 8hippe<l. ending March 10, 1891, and since Jan. 1, and the aame facta
There was a quiet demand for bleached shirting^s and cam- for the corresponding periods of last yatr are
follows t
brics, but wide sheetings, cotton flannels, jeans and satteens
were undoubtedly slow. Colored cottons moved more readily
on account of back orders than through the medium of new
business, and fair-sized shipments were also made of white
goods, quilts, curtain drapery and fancy table daoiasks.
Fancy prints were firm for all popular makes, but in certain
off styli's there ha^ b?en some cutting of prices, a course
adopted by agents at this time of the season to relieve stocks
of undesirable goods. Ginghams and woven wash fabrics
were about the best business done in both commission and
jobbing circles. Print cloths were slow all week at 3c. less
one par cent for 64x618 and 2>^c.@2 9-16c. for 66x608.
u
1891.
March
Slock of Print OtotKt—
Held by
Provlilflncie
1890.
14.
March
15.
18S9.
March
F»ll Klver maimf»otiirtir«
16.
Outside speoulatora (est)..........
Total atook (pleoea)
216,000
363,000
None.
324,000
3,000
55,<>00
7,0ii0
10.000
None.
579.000
iimnurers
389.M)0
10,000
Domestic Woolen Goods.— Neither jobbers nor wholesale
have been buying to any extent in this department,
and had it not been for a fair-sized duplicating business
agents would have had a meagre week's trading. The prolonged cold weather has led to some increase in the re-orders
for heavy woolens for men's wear, but union, cotton-warp
and low and medium all-wool cassimeres were relatively most
active.
Piece- dyed and worsted suitinxs and fine cassimeres
and cheviots were comparatively neglected, and overcoatings,
whether kerseys, meltons or rough-faced descriptions, were
in little better condition.
Agents are not disturbed by the
clothiers
prevailing quietude, as all leading makes are well sold up,
and current deliveries on account of back orders are quite
sufficient to keep stocks in comfortable shape.
Low-grade
woolens, such as satinets, Kentucky jeans and doeskins, were
in but hand-to-mouth request, but flannels and blankets had
a seasonable distribution. Soft wool and worsted dress goods
were in fair demand in commission circles, and were among
the most active goods in the jobbing trade.
Foreign Dry Goods.— There has been a fair demani for
imported fabrics at first hands, but buyers did not operate
with the freedom that importers expected, and to that extent results are disappointing. Stocks of staple lines are
above the average in bulk, but fancies are lightly held. In
all lines, however, prices are firm.
Jobbers report fully an
average distribution of imported goods.
^Inawcial.
and BONDfc Provident Life & Trust
OF PHILADELPHIA.
STOCKS
Incorporated Third Mo.,
At Auction.
Tbe
onderilKneil
ADOTION BALSS
bold REOULAB
of all olauei of
WBBKL
STOCKS AND BONBS
OH
HTBBT WBDNBSDAT.
ADRIAN H.
KO
1
TVSTE
IHtscellaneotis.
^iixaiicial.
Ziid,
18W.
(CHARTER PERPKTUAIi
»1, 000.06(1
CAPITAL.
ASSETS, $25,377,693 9T
ANNUITIES, REINSURES LIVES, GRANTS
CEIVES MONEY ON DEPOSIT, returnable OB
demand, or on which interest is allowed, and is
empowered by law to act as KXKCUTOR, ADMIN.
I8TRAT0K, TKUSTKK, GUAKDIAN, ASSIGNEE
COMMITTEE, KECKIVEH, AGENT, etc., Vor the
perturmauce of which Ita capital an4
surplus fund furnish ample security.
All trust funds and Investments are kept separate
and apart from the assets of the company
The income of parties residing abroad carefnl
oollected and duly remitted.
SAMX K. BUll'LEV, President.
IHIJL.L.ER dc SON,
STREET NEW YOEK
WISTAK BKOWN, Vice-President.
ASA 8. WING, Vice-President and ActoarT
L,A1V,
SAIL
IN
DUCK
AND ALL KINDS OF
COTTON CANVAS FELTING DUCK,
CAR COVERING. BAOOING,
RAVBNS DU( K. SAIL TWINBS, Ac,
"ONTARIO" SEAMLESS BAGS,
"AWNING" STRIPES.
Also. Agents
UNITED STATES BUNTING
A
CO.
Widths and Colors, always
fall supply, all
stock.
No. 109
Dnane
In
Street.
Attend only to fivil and Probate business In
Texas and Indian Territory. Have a selected eorrespundent at every point of Importance in Texas
and Indian Territory, and have connections everywhere. Will act as General Agents for European
l-and and Cattle Syndicates, and will make special
reports for Investment Companies and Bankers.
Old claims receive special attention,
Kefers to K. T, Wilson & Co.. 33 Wall
St.,
Cnpltal Subscribed
Paid in
N. Y.
«roo,ooo
8100.0UO
Minnesota Saving Fund
Investment Company,
&
Of Minnxapous, Minn.
Monev loaned on non-noKOtlable flrsl mortgaRei
only which are deposited in trust with the State
Auditor.
Btook certificates bearing 6 per cent interest, pajr•pieieml-annually. with additional proBts, for sale
«t »n5 per share.
Correspondence with rellabi* Stoek Brokers
o., cited.
WILLIAM FRANKLIN HALL
241 Washington
St.,
Boston,
Insolvent
estatet
on
NOTAItY PUBIiIO.
b«iiAlX of
NEWARK,
......
LIFE INSURANCE
AMZI DODD,
CO.,
N. J.
69
Surplus
8.«31,1!74
Surplus, by former N. Y. Standard,
(Am. Ex. iH per cent Reserve)
1891.
The United
President.
Values), Jan. 1, 1801.. ..t4S,»97 423 43
and Mass. Standardl.. 4S,6t)(),i47 71
LlabllitieslN.y.
Asseu (Market
8Kf UVTl TEAK.
In CASS OFLAPHE the Policy Is CONTINUED IN FORCE
as long as Its value will pay fon or, If prelerreu. •
Paid-up policy fonts full valoe Utseued In exchange.
After the second year Pollolaeare incontimtable.
except as against Intentlocal fraud: and oU rsstrio
t<ons OS to rtsULenctt travel or occupation arc removed.
CAHU ix>AN8 are made to the extent of SO per ceoi
of the reserve value, where valid auignaienta of the
policies can be made as collateral leonruy.
Losses paid immediately npon completion and approval of proofs.
IN
18681
New
States Life
Insurance Co.
THE CITV OF NEIV TORK.
M3afi22 SO
POLICIES ABSOLtJTKI.Y NUN-ruRRITABLC ArTCB
188».
1890
Insnr-
ten
rt6,8S9,g<S SO
Total am't
Insurance
t8,4SS,(SS00
ttI,SBB.ieTO»
00 99.469.590 00
39,395,4«2 50
fTce
in
Dec.
3lst.liS.4iS£.249
H. BURFORD, President.
FKAI.BIGU,
A. WHEELWRIGHT.
GEO.
C. p.
Aulstant Secretary.
Secretary.
WM.
8TANDBN,
Actuary.
of LIFE INSUR.
are the CONTINUABLK TERM POLICY
which ihves to the Insured the greataat poealbl*
amount of Indemnity Ita the event of death, at th
lowest possible present rain outlay: and tlie
T.
The twa most popular plana
^lUH
Save* nlue-tpntliH of
lln" <-o«t of cvrry
IIICMtaSC IMMlt.
^^
r
—
ACCOUNTANT.
Books and acconnta audited and adjutad
cradltors carefully arranged.
1850.
The Mutual Benefit
DEIVTON, TEXAS.
of
COTTON
Fulton,
ATTORNEY AT
Settlement
MANUFACTURER AND DEALER
faithful
T.
L.
Spencer
Turner,
J.
SUCCESSOR TO
Brinckerhoff, Turner & Co.,
Co.
^Telegtaphic Code
JndiaiH'nMblt'
tti
hi
Merchantt, Bankers,
and bunineaa men generally.
most complolo ro<le book pnbllebed!
Sent on receipt of price f $8.60 per copy) to all
narts of the World. B. H. TYREEL. Sole Ajrent,
74 lUideD L»ne, N. Y.
By mail add I* ctnti.
ANCB
GUARANTEED INCOMB POUCr.whlohambraoe*
every valuable feature of Investment Inannuiee.
In the event of adversity overtaktog
the Injured, may be used as COLLATERAL 8>CUKITT FOR A LOAN, to the extent of Ue foD
legal reserve value thereof. In accordance wltli tAo
terms and conditions of theae pouolaa.
Good Aicents, desiring to repreaant the Oompanya
are Invited to address J. H. UAFFNBY, BsperIntendeot of Agendea, at Home OSe*.
and which.
THE CHRONICLE.
476
PVOL.
^inatictal.
emotion.
®Ott0tt.
Walter
Woodward &
POST
INM AN, SW ANN& Co W.
Hatch,
COTTON MEKCHANTS,
NEW YORK.
&
T. Hatch
Sons,
New
14 Nassau Street,
BXJI1.I>I1VG»
AND 18 EXCHANGE PLACE.
16
T.
Arthur Melvin Hatch
Henry Prescott Hatch,
Members of N. Y. Stock »nd Produce Exchanges.
Stillman,
MERCHANTS-
LU.
York.
Dealers in Investment stocks and bonds.
Personal attention given at the N. Y. Stock Exchange for the purchase and sale on commission of
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
Neur York.
Bight.
I
.
noTTON OF AIL GRADES, SUITABLE XO
WANTS OF AMKRIOAM BPINNBB8.
UHltA» DUBB*CO
H(W
Orleam.
LEHMAN
BROS.,
&
Henry Hentz
Hontgomerr. Ala.
I*
COMMISSION MERCHANTS,
conmissioN merchants.
32 iriUlaim Street, Newr York.
BXBCUTK 0BDBB8 FOB FUTUBB DBLIVBBT
NBW TOBK. LIVKBPOOL AND NEW
LBAN8 COTTON BXCHANGK8.
NBW YORK.
at the
HmiBBBS OF THK STOCK. COTTON, COrPBB
AND PBODDCB KXCHANGK8.
NKW TOUK.
NBW YOBK COFFBB
the
Messrs.
CHICAGO BOARD OF
TI«A.DE.
CORBBSPONDINTS
Smith. Edwards & Co., Cetton Brokers,
/w.^Lea McLean
&
Co.,
16
&
18 Exdiangie Place,
New
AOBNCT OF
THE HAXALL CEENSHAW
KICHMOND. VA.
aumdud
°
CO.,
Brands of Floor for Shipment to Want
Climates always on hand.
ORIENT MANCFAClUEINe
OBIBNT. lu
NEW YORK.
Order* ler Fntnre Delivery et
NEW YORK
executed In
and fer Futnre
COTTON executed In NEW
YORK, NEW ORLEANS and LIVERPOOL
CO.,
SULFUUB MINES COMPANY
VIBGINIA.
High Grade
Hopkins, Dwight
&
COTTON. COTTONSEED
Co.,
OlLi
Am
80BTHEKN FKODVCE:
COMMISSION MERCHANTS,
Keen
&
Co.,
Loolus Hopkins Smith,
Samuel Hopkins.
Schroeder
Bnooessors to
&
CotUm Broken and Commission MercTumts,
Liberal advances made on Cotton consignments.
Special attention given to the sale of Cotton i;o
arrive or In transit for both foreign and domestic
markeU. Orders executed for the purchase and
sale of Cotton for Future Delivery.
OOTTOH UEB0HANI8,
Thorburn Reid,
Consulting Electrical Engineer
AND
ELECTRICAL EXPERT.
Co.,
WABB & 8CHB0BDBB,
Orders for fntnre dellverr of Cotton executed In
New York and Liverpool; also for Grain and Provtslona In New York and Chicago, and Coffee In
New York.
B.F.BABCOCK&CO.,
LITIBPOOL GOSBIBPOKSIHT*,
FREDERIC ZEREOA &
CO.
TESTS, EXAMINATIONS and REPORTS
Specificatione
Rountree
&
Co.,
15
COMMISSION MBBCHANT8,
COTTON BXCHANGE^NEW YORK.
COTTON. COFFBB.
«ld
'^f^^^^i^^^^i^^^^^.
Orders executed in
New
York, Chicago and Liv-
erpool. All iirades of cotton suitable to spinners'
wants offered on favorable terms.
COHHI888ION UERCHANTB,
IT Water Street, LIVEKPOOI.,
BeeelTe consignments of Cotton and other prodsee and execute orders at the Kxchanges in Liverpool. Bepreeented In New York at the oOlce of
Geo. Copeland
&
PEARL STREET,
NKW^ YORK.
Co.,
BBJJNe Asuns roB LiADoia bbanbs
and BLEACHED SHIRTING
and SHEETINGS,
PBINTS. DBNIMS, TICKS, DDCK8, *C,
Vowels, Qnllts. White Goods and Hoolory
BrUU, Bntttingi, *e .for fupori Tradt.
NEW YORK.
American Exchange Bank,
ST. LOUIS,
MO.
»300,08 0|Su rplng.
PETEB NICHOLSON, President.
Capital,
-
-
«'i95,000
WALKBB HILL,
New York
Correspondent
Csshler.
Write for terms.
:
Bank of N.
Y.. N. B.
A.
Fifth
Avenue Hotel,
Madison Square, NEW^ YORK.J
The largest, best-appointed and most llberaUj
managed hotel In the city, with the most centra
and delightful location.
HITCHCOCK, DABLING40O
HBW YORK, BOSTON, PHILADELPHIA
BROWN
ST.,
Co.,
CXXTTOH BKOKKB8,
184
&
WALL.
and Eetlniates Furnlnhed.
Collections solicited.
SAia'L D. BABCUCK,
Naeeaa Street. New York.
Fabyan
Befers by permission to
The City National Bank, Selma, Alabama.
Phenlx National Bank, 46 Wall Street, New York
New York
J. C. Graham k Co., Cotton Exchange,
American National Bank, Nashville, Tennessee
Alabama National Bank, Birmingham. Alabama.
CORBESPONDB NCB INVITED.
COTTON EXCHANGE BUILDING
NEW YORK.
Bliss,
THBODOBK BALDWDf,
N. BAimiN.
Geo. H. McFadden & Bro.
COMMISSION MERCHANTS,
3ii
ALFKID
PHII, ADBI.PHIA.
NBW TOBK.
Oharlee D. Miller.
York.
Southern InTCstments and Securities.
VA.I
33, Cettoa Exehance Bnlldlnc.
autaviu C. Hopkins.
Gi
Reid
NORFOLK,
New
18 lYall Street,
Transact a general banking business. Including
the purchase and sale on commission of securities
dealt in at the New York Stock Exchange.
William P. Parrish,
35 Wall Street, New York. ^
AlTD
Price,
Co.,
BANKERS AND BROKERS,
Co.,
COTTON BXCHANGB BOTLDINa,
HEW YORK.!
from Anenlo.
&
Wayland Trask
WAT LAND TRASK,
&
Hubbard, Price
OF
Prrltes. free
COFFEE
Dellverr ol
1.
Standard Superphosphate!.
New York and Boston Stock Bxohangei
COTTON KXCHANCK BUIIiDINO,
COMMISSION MERCHANTS,
Hioh's
Memheri of the Cotton, Coflee and Prodnoe
of
& Co.,
Mohr, Hanemann
Torn.
Members
New Orleans.
M
Wisner,
BOSTON, MASS.
and
GRAIN AND PROVISIONS HIGH GRADE INTESTMENTS.
NBW YORK PBODUCH BXCHANGH and
at the
Bxchangei as well
Order, wecnted on the above
and foreign markets.
in New Orleans, Chicago
&
Co.,
BANKERS AND BROKERS'
OB-
Also orders for
COFFEE
BXCHANGB,
&
H. Prince
F.
COTTON
at the
No. 40 ExchaBfte Place,
Crenshaw
Co.,
Bethlehem Iron Comp'y
40 and 42 Wall Street
nanliBtUin BoUdlnc,
New York.
Massaoit House,
SPRINGFIELD, MASS.
THE BEST-APPOINTBD HOUSE IN WB8TBBH
ENGLAND.
NBW
Convenient for the tourist or business man. Kess
Union Depot.
^
^^ OHAPIW.
@FedFRASER