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HUNT'S MEIt€PIANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, MARCH
60.
22,
NO.
1890.
1,291.
Operations on the New York Stock Exchange have been of
somewhat greater volume, but in grain and petroleum speculation has been less active.
%\xt Clxr0uicl^,
—
Instituting comparison with the corresponding period in
Terms of Subscription Payable in Adrance:
For One Year (Including postage)
For the
$10 20
l889, the exhibit is seen to be a fairly favorable one.
do.
For Six Mouths
10
whole country the gain reaches 5-5 per cent, in which all but
European Subscription (incUidlne postage)
11 50
eleven of the reporting cities share, and outside of New York
European Subscription Six Months (Including postage).
6 75
Annual Subscription In London (including postage)
the excess is 9-8 per cent. The most prominent points in per£2 8s.
Six Mos.
do.
do.
do.
£1 9a.
centage of increase this week are: Tacoma, 128-8 per cent:
include
the
Investors'
These prices
Supplement, of 150 pages, Fort Worth, 97-9; Dallas, 74; Sioux City, 64-5; Denver, 31-5;
lss\ied once in two months, and famished without extra charge to
Baltimore, 28-3, and St. Joseph, 24'1 per cent. Los Angeles
subscribers of the Chronicle.
heaviest decline 27 '3 per cent. The New York
A file cover Is furnished at 50 cents; postage on the same Is 18 records the
clearings other than those of speculative origin exceed the
cents. Volumes bound for subscribers at $1 00.
Subscriptions will be continued until deSultely ordered stopped. The like figures for last year by 8'o per cent.
publishers cannot be responsible for remittances unless made by drafts
—
money
or Post OBlce
orders.
neek Ending March
Terms of
Advertisements ordered for less than one mouth, in the CoMMERriAL
Chkonicle, are ^published at 25 cents per line each inserWhen orders are definitely given for one mouth or longer, liberal discount is allowed, and the uei pricen may be obtained ou application at the office. The lowest rates on permanent cards deflnitcly ordered for one year are 8 cents per line each Insertion, making $58 for
one inch space one year. Space is measured In agate type— 14 lines to
& FniANCi.VL
tion.
.i
the Inch.
Iiondon Asents
wiTTHw n nivj
lOHX r
Fiovn
JOHN
G. FLOYD.
OVILLIAM
DANA &
B.
10* William Street,
'^
p
^
day, March
OFFICE
NEW YORK.
BoX 958
made up by
23,
year.
Wtek Ending March
CLEAKINOS.
JUturn» by TeUgrapK
1890.
New York
Boston
,
Philadelphia
,
Baltimore
Chicago
St. Louis
New Orleans
Seven
Other
cities, 6
cities,
Total
days
5 days
all cities,
6 days..
AU cities, Iday
Total
The
all cities (or
-fsa
708,403.861
tlutra]
(1,628,487)
(-15-6,
bales.)
buttheln,)
bbla.)
(1.S50.8S5)
(229,500)
(1,339,681,
(338.900)
(3i,4M«,8751
(13.7»3.'-70)
(3.(184.U00)
(14,.St5tl,000)
97,483,807
6,070.900
l,8»6,«a7
1.310.813
1,151,585
1,192,117
I,l76,«e8
85,781.488
804.9:12
oS—
[Stoekt
(Cotton
....
(Grain
(Petroleum
1520,900,1
,
week...
22.
—10-7
(764, 444,856
118,148,267
$769,207,809
89,108,617
-1-23-6
full details of clearings for the
Wilmington, Del..
Byracuse
8.
637.664
881,7s0
-t-2-8
Sf)6,«87
+12-8
-0-8
+9-8
110,349,539
97,796,<'57
-H2-8
106,172,122
+6-8
6f!.942,433
68,812,826
432
+15-7
13.7M,3«0
ll,37i),944
I5,aso,07r
1,542.259
821,406
11,869,767
l.SO0,ll»
680,481
685,074
-1-21-3
-1-28-3
-1-18-1
78,900.155
14.930.460
15,606.776
1,801,121
+2<n
8'.£>.9I6
-flO-8
-hi 1-3
709,318
7,826,038
+6-1
110,862,744
+19-7
73.073,962
12,838,360
4,968,694
6.552,266
4,788,774
3,094.900
2,861,377
+10-3
+18-6
-8-1
+30-8
+26-1
-m-«
+56-0
Cleveland
5,.S92,017
4,284, '.67
Columbus
2,864,280
2,536,0.10
IndianapollB...
2,o;;i,»54
1,886,80'2
1,691,110
1,472,129
768,119
-(-19-6
721,534
-f22-6
101,728,509
93,958,580
+8-3
109,038,128
+18-8
15,378,841
674,907
14.632,231
790,790
287,940
+5-1
-27-8
+128-8
14,443,742
728,232
769,695
—9-2
-08
16,710,981
8.150,129
Omaha
9,120.590
4,287.938
3,780,363
4.»tl,»28
Denver
4312,882
Dulnth
1,632,877
1,668,198
741,596
City..
Minneapolis..
Paul
Wichita
Sioux City...,
Des Moines..
Lincoln
Topeka
-9-7
-15-1
+104-6
16.»19,8a0
S,817JN1
+18
8,463,687
3,833,297
3,883,873
1,829,371
-tai-8
4-81-5
l,2rt3.759
+841
e93.4'.i8
+8-9
—10-8
-(6-9
-164-5
498,698
861,167
331,976
32,825,382
28,664,573
+14-9
21,007,591
10,267,226
7,418,148
2,631.518
1,074,537
1,834,407
1,229,877
910,173
784,612
450,065
l,6S0.6e5
18,691,082
11,845,582
6,692,493
+12-4
-11-8
+10-8
8,5i<5,935
2,12l,^38
-!•»
-120
-18
-14-2
+14
-69
l,aill,»?9
-^74-0
706,828
469.806
796,041
877,184
4»7-9
-1-8
+19-6
45,351,091
-I-5-9
852,878
481,286
48,009,072
I
'Not Included
749.386
+10-8
+11-0
618,396
586.568
570,192
386,790
849,6t<6
1,631,271
-t44-0
-f27-7
-f28-6
1.769 JHS
1,202,378
16,812,471
St.
+18-6
+12-9
90o,359
Total Paciflo.
Kansas
-1-19-8
1,746,281
St. Joseph....
$17,495,437.
-1-12-7
l,l<2,l:i9
12,458.400
4,741,370
,
is
+68
+9-»
+13-7
+21-8
+18-8
1.078.133
Cincinnati
Milwaukee....
Detroit
above statement will be given next Saturday. We cannot, of
Total other Western..
course, furnish them to-day, bank clearings being made up by St. Louis
New Orleans...
the various clearing houses at noon on Saturday, and hence in LoalsTille
the above the last twenty-four hours of the week have to be Memphis...*...
Richmond
in all cases estimated, as we go to press Friday night.
Below Oalveston
Dallas
are our usual detailed figures for the previous week, that is Fort Worth...,
Norfolk
covering the returns for the period ending with Saturday Lexington
Nashville*
noon March 1.5, with the comparative totals in 1889.
Btnningtiam*.
Chattanooga*..
It will be noticed that compared with the week ending
March 8 the current total records a falling off of a little more Total Southern.,
Total all
than twelve millions of dollars. New York showing a gain of
Outside New York ....
$5,382,65.5,
while the loss outside of this city
(4,886,000)
-(-14-6
f9
Portland*
the
-HO
+6-4
(+161
702.282
371,D75
I,062,l««6
+7-8
+9-5
-6-3
Seattle*
week covered by
-1-228
ClMlt.
82,980.528
11,381.800
5.088.098
4.501.004
3,813,794
Tacoma
-J.2-7
-i-47
92,827,591
flO-6
$1,022,068,789
98.047.366
4.B77.800
2.346.629
1.344,427
-i-2-3
87,81)4.904
San Francisco..
Lob Angeles ...
1-19
8
-t-13
101,223,279
Total Middle.
-f22-l
$358,406,426
103,660,363
(65,21)9,112)
Chicago
-f9-4
-00
1.744,450
1,007.291
1,107,288
1,020,780
(-23-81
(-74-3)
5,654.8 18
-I-4-6
-t-7-0
4,I»57.11C0
(- 128-9)
P.
-fl8-8
-flO-7
782,088
ButTalo*
Total Middle Western
-4-7
$530,865,279
77.440,885
57,146,069
10,163,418
48,510,000
15,629,958
9,542,200
1
England..
Peoria
*524,799,463
84,740,913
59,753,780
15,240,943
59,237,000
16,726,816
7,946,741
$1,050,204,141
New
Philadelphia
PitlHburK
Baltimore
Wa«ihlnKton
Urand Rapids.
1889.
«874, 592,923
175,611,218
Hirtford
New Haven....
8prlnKBeld
Total
have been $1,050,204,141, against |1 ,123,432,748
week and $1,033,066,789 the corresponding week last
last
Sales
6S9,9U,647
Portlana
Lowell
.New Bedford..
telegraph, etc. (as fully
explained on this page in our issue of October 36 and previous
numbers), indicates that the total bank clearings of all the
clearing houses of the United State,s for the week ending to.
table,
End'g Mar.
1890.
711,«86,516
VVorcester
Co., Publishers,
CLEARING HOUSE RETURNS.
The following
New York
Prorldence....
Edwards &
P. Cent
1890.
Boston
Smith, 1 Drapers' Gardens, E. C, will take suli
soriptiong and advertisements and supply single copies of the paper at
Messrs.
Wak
15.
Adrertisinff.
1.133.432,748 1,064.188,703
410.748.2.12 "374,208.158
in totals.
-t-g-5
""+?8
42&24I.880
+11'T
THE CHRONICLE.
402
li.
For the time being
out and have no permanent effect.
THE FINANCIAL SITUATION.
The situation of
much the same as it
[Vol.
money in the open market, London, was firmer, the cable
the money market has remained reporting sixty to ninety-day bank bills at 3 per cent.
has been for weeks back. Notwith- The rate in the open market at Berlin is 3J per cent
standing the banks last Saturday reported only $1,050,800 surplus reserve, while three of the larger institutions reported $2,068,800, money on call at the Stock
Exchange has ruled perhaps a shade easier. We never
before have experienced such a long continued low state
and
at
Frankfort 3| per cent, but at Paris the quota-
The Bank of England
2i per cent.
gained £349,000 bullion this week. This, as we are
advised by a special cable to us, was caused by imports of
£161,000, principally "bought" but part
tion remains at
of reserves with money from day to day so plentiful. from France, and by receipts from the interior of
These conditions could hardly exist together if it were Great Britain of £188,000.
Our foreign exchange market opened the week dull
not for the prevailing belief that there was a good prosSeveral cir- and lower, 4-83 for long and 4-85 for short being
pect of easier money in the near future.
On
scumstances have contributed the current vreek to quoted by Brown Brothers & Co. on Tuesday.
trengthen that ))elief. Prominent among them is the Wednesday, however, with the announcement of the
fact that though bond purchases have not been large pelitical crisis in Germany, there was a material change
the disbursements of the Government have been free in the tone and character of the market, rates being
and considerably in excess of its revenue receipts. The generally put up to 4-83 for long and 4-86 for short.
call for money from the West has also for the time being On Thursday there was a further advance by all the
almost wholly ceased, so that the demand for the inter- drawers to 4-83^ and 4*86^ except Brown Bros. & Co.
The
ior has come from the Middle and Eastern sections of who retained the quotations of the previous day.
the country, which is a temporary outflow likely to be advance was caused by the selling of securities for
reversed soon after the 1st of April. Furthermore, the arbitrage account, due to the unsettled condition
mercantile situation is less satisfactory than it was; fail- of the London market incident to the German
ures continue to be numerous, in many cases involving Bourse disturbance, which as already stated folThe
large amounts, while collections are poor. There has been lowed the resignation of Prince Bismarck.
another important failure here in the dry goods trade formidable strike of the coal miners in England is also
Altogether, the banks on account of this reported to have had some influence, the fear being
•this week.
less healthy state of mercantile affairs have shown in- that it would derange all industries and cause serious
Besides these, the continued low rates
creased disposition to employ on call the funds which consequences.
It
contracts.
time
them
up
on
and
not
tie
our market and the growing belief in
receive
in
they
for call money
is thought, however, that this disturbed feeling will be
wholly removed and the situation improve materially
as the spring opens; then the roads in the West will
become passable and collections no doubt better.
It is more than likely that there will be a temporary
easier
rates
here
for
money
April, added to the scarcity of
the
after
bills,
first
of
assisted in the
advance. These latter influences continued to sustain
the market, notwithstanding we had news on Thursday
of the settlement of the coal strike in London and
funds and consequently some increased much quieter reports from Berlin. The close yesterday
coming week, continuing until the distri- was quiet but firm.
The tariff schedules as agreed upon by the Ways and
bution of the April payments is made. Of course,
much depends upon Government disbursements. Should Means Committee and made public this week have not
A favorable
these disbursements be heavy through the remaining met with an encouraging reception.
days of the month, even a temporary spasm may be reception could perhaps hardly be expected eve»
avoided, since among borrowers provision has been if
had been less radical, for in
the changes
This either case the verdict of this community •would
•widely made for that period by short-time loans.
•week call loans at the Stock Exchange have ranged be- be adverse.
But the proposals •will, we think,
tween 5 and 3 per cent, averaging probably not much be disappointing to conservative people everywhere, for
above 4 per cent, but the banks and trust companies there is a growing sentiment widely prevailing which
For time favors legislation looking towards lower rates, and more
still maintain 5 per cent as the minimum.
but
been good,
not especially tending to relieve raw materials from all burdemand
has
loane
the
scarcity of
activity the
money offering has been dens. Our mauu»facturing industries have reached a
Ssmewhat restricted, coming chiefly from trust com- stage where a policy somewhat of that nature seems the
panies and institutions other than banking, which are only policy likely to ensure their future prosalmost always in the market as lenders. Rates are 5 perity. Manifestly is this the case in the department
per cent for sixty to ninety days, 5i per cent for four of woolen goods, higher duties on the manufactured
months and 6 per cent for five to six months all of article having in the past proved no sufficient compenbourse on first-class collateral. For commercial paper sation for the higher cost of foreign •wools.
But the
urgent, while the supply of
—
there
is
practically
no market; the recent
made would-be buyers
quently rates continue nominal.
The
political
crisis
failures
very conservative, and
in
have present proposal, instead of lowering, raises the tax on
wools, and not pnly that, but takes several important
raw materials off the free list, the mosit useful of which
conse-
Germany, resulting in the
resignation of Prince Bismarck, hae dteturbed European
is
hides.
made
Furthermore,
diitiable,
some
many
for the
first
articles
of
food are
time, while an addi-
Tl^ German Boiirse is re- tional intpost is laid upon others. It seems quite surcentres this week.
ported to have befen intensely excited on the announce- prising that it should be contemplated thus to raise still
ment of the resignation, and there was free' selling to higher the actual Irving exposes of every individual,
London of international and Prussian securities, which ior the articles selected are not articles of luxury which
money
caused a
don.
fall in
The next
the rate of exchange at Berlin on Lon- are within the discretion of each person to use or not to
day, Thursday, private cables indioatod use, but of daily and universal consumption. Can it be
that the excitement had in good part subsided, and the that these food items, as they
Qpinion of German ba^nkers here is that it will soon die ously pressed ?
now
stand, will be seri-
Maech
22,
THE
1880.J
CHROlNiCLE.
403
an increase from 134,008 tons per week to 180,991 toni^
being an addition at the rate of nearly 2^ million tons
House Committee on Foreign Affairs on Thursday, we a year. The drop in prices this week has been chiefly
must suppose that the articles referred to and contained in Southern makes of iron. Southern producers had
in the schedules are not to be included in the bill as it resisted the tendency towards lower prices for some time,
will be reported, or else that they will remain there for but were finally forced to succumb to the pressure, and
question we are inclined to answer in
Indeed, judging from the action of the
The foregoing
the negative.
purpose quite apart from the main objects of the bill. hence the sharp fall. There does not, however, appear
to the proposed changes in the duties on but- to be any ground for alarm or uneasiness. Consumption
ter, eggs, and most of the other farm products. continues large, and low prices will further stimulate
Those provisions could not have been inserted for it. At the same time, the cost of fuel and wages re*
revenue purposes, or for the protection of our farm- mains high, and with low prices and a small margin of
ft
We refer
As a means of revenue they would profit there will be less inducement for new furnaces to
besides we have a surplus already start up, all of which will tend to restore the equili
which we are trying to lop off or absorb. That they brium.
There have been no important developments in the
were not inserted to protect the farmers is equally
anthracite
coal trade.
But the Bureau of Anthracite
fact
that
they
would
be
of
little
use
from
the
evident
in that way except as against Canada, and would Coal Statistics, under the direction of Mr. John H
maiuly favor but a small section of the United States Jones, has this week issued the figures of production,
near the border. Even this slight protection we arc stocks, &c., for the month of February, and these do not
Production was
not allowed to believe was devised for that purpose, present a very encouraging aspect.
since the House Committee on Foreign Affairs have in diminished 240,209 tons as compared with February,
substance voted unanimously in favor of free trade 1889, and almost 700,000 tons as compared with Febrawith Canada. It seems that on Thursday, as already ary, 1888, and February, 1887, and yet stocks at tidefurther slightly increased durstated, that Committee instructed its Chairman to water points were
ing the month, standing at the close at the large
report to the House the subjoined resolution.
ing
industry.
afford but a
trifle,
" That whenever it shall be duly certified to the President
of the United States that the Government of the Dominion of
Canada ha.s declared a desire to enter into such commercial
arrangements with the United States as would result in the
complete removal of all dtities on trade between Canada and
the United States, he shall appoint three commissioners to
meet tiiose who m.iy be desif^nated to represent the Government of Canada, to consider the best method of extending the
trade relations between Canada and the United States, and to
ascertain upon what terms greater freedom of intercourse
between the two countries can be best secured; and said commissioners shall report to the President, who shall lay the
report before Congress."
figure of 1,148,379 tons.
It
is
interesting to note that
from last year, only
23,084 tons fell on the Schuylkill region served by
the Beading, but 75,254 tons on the Lehigh region,
the 240,209 tons falling off
of
served by the Lehigh Valley and Central of
New
Jer-
and 141,870 tons on the Wyoming region,
served by the Lackawanna, Central of New Jersey and
In the following we seek to show the
other carriers.
nominal consumption by allowing for the changes in
sey,
tidewater stocks.
no sound of protection in the foregoing proposal.
"Complete removal of all duties on trade"
appears, according to any meaning we can give the
There
is
January
Fehrxiary.
beginning
stock
of period
Prodactlon
1890.
1889.
Trmjt.
1888.
1890.
1889.
1888.
TrmM.
Tnnt.
1,026.107
2,528,382
4,139,031
652.158
4,720,191
lont.
130.977
4,784,01*
5.165,138
1,148,379
8.372,347
837.216
4,ei«.9»l
232,501
4,016.759
4,535,131
4,682,490
1,857,452
reported, the only construction
Total supply
St'k end of period
2,996,379
2,904,976
1,118,379
837,218
2,623,490
232,501
that can be put upon that part of the measure will be
Conaumption...
1,818,000
2.087,760
2.390,980
If,
therefore, the schedule
with regard to farm products has
others
when
the
bill is
its
place
among
the
.
1,138,037
Marth 1.
Ton>.
95.168
Tcm$.
807.314
2,097,682
words, absolute freedom.
1 to
intended simply as a means for inducing
Here the result is much the same. The amount of
Canada to favor the alliance referred to in this resolu- coal passing out of the hands of the producers in Feb-
that
it
is
tion.
ruary, 1890, was only 1,848,000 tons, against 2,067,700
In connection with the less satisfactory condition of tons in 1889 and 2,555,842 tons in 1887. For the two
the iron trade, which has been one of the prominent months the loss is 518,372 tons as compared with 1889,
features of the week, the monthly statement of fur- and 665,731 tons compared with 1888.
naces in blast, with their current weekly production,
So far as the returns have yet come in, the coal comwhich the Iron Age presents, possesses very decided panies in their results show the effects of this unfavorinterest.
It will be remembered that the statement for able condition of the trade.
Thus the receipts of the
February
showed for the
many months a Summit Branch were only 153,862 in February, 1890
which was consid- against $99,494 in February, 1889, and the net
ered by manufacturers an encouraging circumstance to $11,660, against $31,365
while the Lykens Valley
;
the maintenance of prices.
Quotations] did in fact shows gross of 143,194 against $63,752, and net of
perceptibly stiffen for the time being. But now the 1st $9,939 against $11,638.
Aside from the coel roads,
March return again indicates a very decided augmen- however, the reports of earnings are generally quite
tation in the output, and coincidently we have a sharp satisfactory.
We review the net earnings for January
1
first
time in
falling off in the weekly capacity,
•
break in the price of pig.
The weekly
capacity
March
another article. As concerns the results
173,65l"tons iu for February, the indications are that they will also prove
February, being an increase of orer 7,000 tons per very encouraging. The Baltimore & Ohio for that
week, or at the rate of 360,000 tons per year. Coming month reports $256,574 increase in gross and $90,070
at a time when buyers were holding off from the market, in not, the Richmond
& Danville system $154,444 inthe effect has naturally been somewhat depressing.
It crease in gross and $59,060 in net, and the Detroit Bay
1 is reported as 180,991
at length in
tons, against
is erident that large though the consumption
may be
there will be no diflBcnlty in supplying the demand. If
City
& Alpena
Illinois
$9,984 in gros," and $9,146 in net. The
Central has lost in net, but wholly by reason
we go back six months to the 1st of September, 1889, of heavier expenses.
when the production had temporarily dropped to very
If any further evidence were needed of the hawishipB
low figures, we find that in the interval there has been under
which railroad operations have to be conducted
THE CHRONICLE
401
[Vol. L.
in the State of Iowa, through the policy of the State
with regard to the railroads, it would be found in some
figures which have just been submitted in relation to
the results on the Dubuque & Sioux City composing
the Iowa lines of the Illinois Central. We showed very
clearly from general statistics in our issue of March
8th how unfortunate had been the results of the State's
—
WATER BONDS AND
THE GALESBURG
DECISION.
We make
room to-day
that the views
communiwho thinks
for quite a lengthy
cation from a well informed correspondent
we have expressed
as to the bearing of
the Galesburg water bond decision by the United States
the
report
of
regard.
The
Our only wish is
Sioux
City for the calendar year Supreme Court are not justified.
that
our
readers
before
them
may
have
in full the facts
It
1889 emphasizes the conclusions there reached.
and
the
determined,
and
law
as
now
so
we publish all
necessary
appears that after allowing $120,137 for
improvements, net earnings for the twelve months our correspondent writes, although much of what he
aggregated only 1391,326, while the charges were says has little relevancy to the questions we have disIn addition, cussed.
$508,833, leaving a deficit of $117,507.
No one needs to be told that the subject involved is
the Cedar Falls & Minnesota earned only $94,371 gross,
of
importance to investors, since the decision affects
while its ordinary operating expenses amounted to
securities
large in amount and widely scattered.
At
$133,719 and the rental to $113,370 more, so that the
the
same
time,
old
and
well-established
systems
are
loss on that road would be $162,718, which, with the
$117,507 deficit on the Dubuque & Sioux City itself, in a sense placed outside of the decision by the very
gives a total deficit of $270,225.
In presenting facts of their existence. Organizations whose works
President
Stuyvesant Fish directed have been in operation for a long time and found to be
these figures.
attention
the fact that
this was
to
the first satisfactory, while the profits accruing to stockholders
deficit in
a period of over twenty years.
He have been large and increasing, possess privileges and
also made some comments in reference to the bearing contracts which no one can imagine their promoters and
Besides they
of the exhibit on Judge Brewer's decision that rates managers will allow to be forfeited.
nearly
all have an extensive pipe system of their own
must give compensation to the owners of railroad proEvidently if that rule is to apply, the roads in through the city where they are situated, which could
perties.
Iowa are entitled to have their tariffs advanced. Un- not be replaced except at a large expenditure of time
In some instances they even own the
fortunately, however, the tendency is all the other way. and money.
sources
of
water
supply for the neighborhood; or, where
Further reductions have occurred since the first of the
that
is not the case, after the supply has been tested by
year, and the Eailroad Commissioners are being urged
years of trial, there is scarcely a chance that defects
to make others.
policy
that
in
&
Dubuque
The
following statement,
made up from
returns col-
lected by us, shows the
week's receipts and shipments
of currency and gold by the New York banks.
(feek
mMng Jfarch
Shipped by
N. T. Banks N. r. Banks.
Rexieived by
21, 1880.
Cturency..
H,294,000
12,045,000
800,000
Loss.
Loss.
tl.294,C00
»2,845,0OO
r.oss. 11,051,000
Gold
Total Bold and leRal tenders.
Net Interior
Movement.
With the Sub-Treasury operations the
t7Sl,000
800,000
result
is.
like those
upon which the decision
Consequently
will be disclosed.
in question rested
all
that part of our
correspondent's communication which claims that the
bonds of such companies ought not to be unfavorably
infiuenced by the decision will be readily concurred in.
New and untried concerns will no doubt suffer, and
investors will be likely to take the bonds in such
cases, if at all, only after being fully persuaded by independent evidence of at least the quality and sufliciency
of the water supply.
W*ek ending
Mareli !1, 1890.
Into Banks.
yet Change in
Out of Banks,
Bank Holdings
Banks Interior Movement, as above
11,294.000
Bub-Treasury operations
18,000.000
»2,345.000
13.200,000
tlS),2»4,000
tl5.515.000
Total gold and legal tenders.
Loss. tl,051,000
4,800,000
Gain,
iGaln. t8,749.000
Bullion holdings of European banks.
March
Banks
22.354.5-0
"bondholders could have no different standing than
" the company had." We do not think that point is at
all "plain," so far as it has heretofore been understood.
In fact, the Joliet case, to which our correspondent
40,351,000 49,,828,000
31,292,687 15 .818.333
89,680,000
refers, enforces a
519.00fi
21,171,000
12,138,000
20, 1860.
.Vnrc?i21, 1889.
of
Sold.
Kngland
France
Sillier.
[
Total.
Gold.
S
i
24.104,484
,104,464|
,173.000,50,152.00,0 100.325.000
,287.334 14,143.(i6« 42,481.000
Oermany
lotal.
£
28.354.570
Ailst.-HunK'y
Netherlands..;
5 ,407.000118.210.000
81,877,000;
4 ,875.0001 5.722,000
l0,3«7.0O0
5,100.00<.i
7. 038,000
Nat.Belgtum
3.,815,0001
4.223,000
2,712,000
1, 358.00,
I
1,408.000
With reference to the law of the case, now decided by
Supreme Court, we differ materially with our correHe says that " it must be plain that in the
spondent.
" very nature of things, as to the relation between the
"city and the company or those holding under it, the
the
5,822.000J15,
i,
very different doctrine.
In that case
46,98rf,iK)i)
4,068,000
the city of Joliet, JU.,
made
a contract giving to one
Starr the exclusive right for thirty years to maintain
and supply the
water on
and mainThe Assay Office paid $526,676 through the Sub- tain an effective system of water works and to
Treasury for domestic bullion during the week, and the supply water t(J the satisfaction of the city. This
Assistant Treasurer received the following from the contract Starr assigned to the Joliet Water Works
Custom House.
Company, which constructed works, laid down mains,
in pumps and engines, and endeavored to
put
OoH»i»tiHg of—
Afterwards the company made
Hate.
furnish water as agreed.
Duties.
U.S.
Qold
Silver Oereotd.
franchises and rights
property,
of
all
its
mortgage
a
IToU:
Otrliflc't.
Hflcalet.
of Philadelphia to
Company
Trust
the
Guarantee
to
K»r,14.
$465,979 8C
$90
$14,450
*50.750
it!4,650
" 15.
206,508 57
65
7,000
Default being made, a foreclosure fol30,180
5,300 secure bonds.
" 17.
460,651 17
40
11,950
57,100
7,100
lowed, and Foster became the purchaser on behalf of
" 18.
555,939 56
Tot.thl8 week 115 ,521,708 87,636.86B 203.157.464 107.435,237 88, 813,833
190,348.570
Tot.preY.w'k.lll4,.8ea,131 37,389,333 202.g51.484l 107,353.820(88,,906,3.-!3
196,285,153
370
225
9,300
13,550
12,350
37,100
41,7oo
45,300
6,000
5,400
7,750
*2.740
$6«,600
18262,130
$36,200
19.
20.
353,863 81
402,803 86
1,950
Total.
*2.445.746 77
••
"
water
certain
works
terms, he agreeing to
who
city
with
construct
entered into possession of the
works, and endeavored witiiout success to perform the
the bondholders,
obligations of the contract.
Mabch
THE
22, 1890.]
(^HKONICLE.
406
the city had attempted to repudiate the to construct and maintain waterworks within and near
contract, to revoke the ordinance, and to prevent the the city, specifying jn the ordinance the yearly rental
water company from furnishing water or using the it would pay for fire hydrants; having sold to the
Before
The
streets.
such
all this,
action.
suit
was brought to restrain the city from
The ordinance was
quite similar to the
Galesburg ordinance, the principal difference being
that there was an actual power of revocation reserved
in case of the failure of the water supply, whore-
grantee the old mains which the city owned, the price
to be ascertained in the future; having accepted the
test was made in the presence of the
Council; having permitted the mortgaging of
works after a
Common
this property and induced the purchasers to take the
power was bonds, relying in good faith upon these facts, fortified by
Furthermore, in the Joliet case no repre- laudatory letters written by the Mayor, the City
reserved.
sentations on the part of the city or its officials were Engineer, the Chairman of the Water Committee and
claimed to have been made; the works when tested all the other officers of the City Government; we claim
did not comply with the provisions of the ordi- that the city having thus conferred this franchise, made
nance and the city never accepted the works, the this contract and permitted these securities to be
proof showing that- the water company failed to furnish negotiated, the bondholders were entitled to foreclose
the water as the contract required. Judge Blodgett, in the mortgage, and the purchasers at the foreclosure
his opinion, nevertheless held that the bondholders sale to be subrogated to the grants, privileges and rights
No interest would have been
stood ia such a position that they had the right to go of the original grantee.
on and complete the works, and that no forfeiture harmed, but all rights preserved, had this course been
should be allowed or enforced until they had a reason- pursued; for of course the order of sale would have proable time to do so.
The court accordingly entered a vided, as in the Joliet case, that the conditions must be
decree declaring that the bondholders were lawfully in fulfilled by the bondholders within a reasonable time.
possession of the streets of the city, and enjoin' ng the
city from interfering with the mains and pipes, but WHAT
THE JANUARY NET EARNINGS
as
in
the Galesburg ordinance no such
—
;
ordering the bondholders, within twelve months, to do
SHOW.
the necessary work for supplying water and carrying
While the January statement of net earnings, which
out the contract.
we have prepared this week, makes a very satisfactory
Such was the action in the Joliet case, quite like what showing, and reflects an encouraging condition of the
we claimed should have been the action in the Galesburg railroad industry as a whole, it also reveals the prescase. But our correspondent goes further, and urges that ence of certain unfavorable influences
the most of
even railroad bondholders have no greater equities than them temporary in their nature which have affected
the company.
Of course, if the principle he affirms is particular sections of country or particular groups of
—
—
really applicable to one class of corporations
it
applies
roads.
with equal force to all others, As it happens, however,
Our statement covers the returns of 114 roads or
we have a recent railroad decision which makes the dis- systems, and these 114 roads earned $44,966,518 gross,
tinction batween the equities of the bondholder and the
against $41,466,068 last year, being an increase of
rights of the company very clear.
We refer to the $3,500,450; and $12,426,759 net, against $10,872,383,
Broadway surface railroad adjudication, which was a being an increase of $1,554,376.
In ratio, the gain ia
unanimous decision of our Court of Appeals, a court of 8-44 per cent in gross and 14'30 per cent in net.
In
the widest authority, in a case, as we remarked on another both ratio and amount the improvement is smaller than
occasion, that would lead it to go as far as it could in in
other recent months. As already intimated, a numundoing a work conceived in fraud and carried through ber of unfavorable circumstances tended to diminish
by bribery. The facts are familiar, so that we need not results the present year, a feature which will be referred
recite them except very briefly.
Our State Legisla- to more at length further below. But aside from that,
lature, under the excitement incident to the disclosures
it would not be strange if the gains now should be on a
respecting the road in question, passed three acts in smaller
scale than heretofore.
We have reached the
April, 1886, taking away the life of this surface railperiod where the comparison is with very good results
road and attempting at the same time to wipe out of for the
year preceding, and hence it can hardly be
existence and thereby deprive the bondholders and
expected that the extent of improvement will be as
other creditors of every right attaching while the commarked as before.
pany was undeniably in existence. No one questioned
Jfonth of January,
the power of the Legislature to put an end to the coman roada.)
pany, but the contention was that it must exercise that
rncrraM.
power subject to the
equities of the security holders
attaching during the life of the company under the permission and anthority delegated by the act of incorporation.
The Court
of
Appeals held that the
legislative
authority extended far enough to kill the company, but
not to destroy its estate. In other words, that although
the company could be expunged, the equities of the
1800.
1889.
«
t
Amount.
\PerCtnt
•
44.96*1,513
»
41,466,068 Inc. 3,500,480
OperatlDg expenses
88,S3>,759
S0,!yQ3,63e Inc. 1,948,074!
Net earntngs
18.428,'B9
10.878,888 Inc. 1,844,376
In January
last
1
8'44
6-38
14-30
year our statement covered only 88
roads, but the gain was
no less than $4,591,963 gross
and $2,365,888, or over 33 per cent,
bondholders were such that they still had a lien under net. It is true $1,401,931 of the gain in gross and
their mortgage on the franchise, contracts, rights and $653,017 of that in the net came from the Reading
property of the company, all of which were liable to be alone, which was then comparing with the period of the
sold under foreclosure, the purchaser at such sale suc- miners' strike in the year preceding.
But, taking the
ceeding to the same.
There appears to be very little left that needs to be
said.
Under the principle which controlled in these
decisions, we claim that the Galesburg authorities
having granted by an ordinance legally passed the right
(13-73 per cent)
still have been
Moreover, when
the roads were grouped and classified according to sec
tions, it was found that only two very minor sections
Eeading out altogether, the gain would
$3,190,032 gross and $1,713,871 net.
failed to share in
the improvement.
The
further
im
THE CHRONICLR
406
{You
U
proTement therefore ia 1890 of $3,500,450 gross and Pacific, however, which lies farthest to the north of all
$1,554,376 net on the 114 roads which have contributed the Pacific roads, gained slightly in gross and net. It
returns to the present statement, is to be regarded in the ia perhaps well to state that the weather seems to havB
Ught of that fact. It will be interesting to hare a been bad all through the Pacific Coast district, and
sumnftary of the January results for a series of years where it was not snow that caused damage and interand accordingly we give the following, which ex- ruptions it was severe and prolonged rains. For intends as far back as our statements i-un that is, to stance, the unfavorable result on the San Francisco &
past,
—
North
Oro89 Eamlnflff.
Xanuary,
Year
Yiar
•inn.
Pr'-cfd'Q.
I
Pacific is attributed entirely to rainy weather,
the road having experienced no less than 21 rainy days.
Net Bdrningt.
Increase or
Dtcrea^e.
Tear
Given.
»
%
*
Iter (91 ro«4s).. 24,lfr»,4«.1 1»,«.'!0.028 +4,212,497 7,218,497
lesam roads). jsS.Ksn.M)' 2t,e28,4(>3 +TO4.3»7 e,067.'M2
IMB (88 roadi.).. 8-i.ii29.124 33,4i7,16l| +4,591,963 |l,49vt,lM0
IBflO (114 niadt) <4,»«W,M>' 4M«»,0<W+8^S(X).450; l?,4«6,7S»
d'g.
.
$
4.8K0.9B0 +2,538.807
7,B2<,153 —1,660,311
is
But
H,5S4,3T6
thus, as
it
would
been still more satisfactor}' were it not for the difficulties attending railroad operations in an important sechftTe
tion of the country, namely on the Pacific Coast. East
ef the Rocky Mountains, as we have before remarked
in these columns, the weather was very mild the present
year, but west of the Mountains it was exceptionally
severe
in
—the snow blockade which existed being reported
some
instances,
The
coal roads have also
in gi-oss
and $217,100
done poorly, losing $188,726
in net.
The
and notably in the case of the Central
Pacific Road, as the worst ever experienced.
As
a result,
the group of roads designated as the Pacific systems in
our tables further below shows a loss in gross earnings
for the month of $479,334 and of $579,784 in net. Nor
hind, reflecting in this the unsatisfactory condition of
the anthracite coal trade.
Of the bituminous carriers,
the Buffalo Rochester & Pittsburg has sustained a
heavy decline, but most of the others record improvement. Besides the Pacific roads and the coal group,
there is only one other section which shows diminished
net namely, the Middle Western and there the decrease follows almost entirely from a loss of $72,835 by
the Illinois Central.
Most of the roads in that group
make very good exhibits, notably the Toledo & Ohio
Central, the Lake Erie & Western, the Cleveland Akron
& Columbus, the Chicago & West Michigan and the
Detroit Lansing & Northern.
We give at the end of
this article a full detailed statement of all the roads reporting, but present here a recapitulation of the aggre-
—
—
does this indicate the full extent of the falling off gates of the different groups.
occasioned by the bad weather and snow blockades, for
Qtou £arning>.
all
heaviest falling off
on the Central of New Jersey, but the Reading, the
Summit Branch and the Lykens Valley also fall be-
is
7.183,«22 +2,365,8)-8
10,<»-2.3-«
All things considered, the present exhibit
already said, a very satisfactory one.
IncrfcM« or
D«creaie
riyir
Pftc
1890.
in other sections, and in these sections the traffic and
weather conditions were generally quite good. The
effect is, that gains from other parts of the sybtems
have served in some measure to offset the losses at the
Pacific end. Take for example, the Kansas and Nebraska
lines of the Union Pacific, like the St. Joseph and Grand
Island and the Central Branch U. P.
Both of these
have gained heavily over last year, the Grand Island
135,297 in gross and $36,227 in net. and the Central
Net Eamtnae.
January.
the large Pacific systems have considerable mileage
Trunk
lines. ..(10)
Middle West'n
(13)
Nortliwestern..(13)
Southwestern.
.(6)
t
13,482,634
2,165,673
6,674,767
3,689,030
1889.
»
Iiic.orDee.
2.752.531
627,993
1,707,042
1,110,835
1,344,718
2,330,987
1,062,102
618,920
83,018
056,254
1,189,736
740,729
1.924,500
1,8-8.8:8
12,426,759
10,872,383
5.0^,443
3,144,658
6,669,875
6,.523,417
3,188,561
1,935,992
3,377,277
8,407,233
.(1)
332,097
1,734,073
287,637
Total, 114 roads.
44,966,518
41,466,068
P.O.
t
8,590.186
Southern r'ds.. (31)
Coalcomp'nlesdO)
.
$
2,019,223
7,927,899,
Mexican road.
1889.
*
11.908,207
Paclflo 8y8t'ms(20)
Easfn&MlddKlO,
1830.
4837,866
-28,261
+518.216
+370,106
-579,781
+507,149
—217,100
l,279,a62
411,838
43,706
1
+ 107,082
30
4
44
60
30
27
17
28
+39,313
80
1,554,376
14
It is easy to see that with the Pacific roads and the
51,333 in gross and $38,756 in net. Except coal group eliminated, the gain over last year would be
for these gains, the loss on the Union Pacific system as strikingly large, and this after the heavy gains recorded
Branch
*
The group
a whole would of course to that extent have been
^leavier than it is.
In the same way, some of the Texas
lines of the Southern Pacific show improvement, while
in 1889.
other parts of the system lose heavily.
of course furnishes a large part of this ($359,243),
Northwestern roads which did
presents a further gain of
The Burlington & Quincy
$518,216, or 44 per cent.
so well
a year ago
of
now
and
As good an idea as any of the extent of the loss and yet the " Soo" Road, the Milwaukee & St. Paul, the
damage by the snows is got by examining the results on Wisconsin Central, and others, all report considerable
such divisions of the Pacific roads as felt most the gains. The Chicago Burlington & Northern is one of
effects of the adverse conditions prevailing.
Thus the the few which have suffered a loss. Even better is the
.
Oregon Short Line system lost $127,812 gross and
$160,875 net as compared with January, 1889. Almost
the entire gross earnings this year were consumed by
operating expenses.
The Oregon Navigation fell
$100,657 short of meeting its operating expenses and
lost $138,746 in gross and $131,249 in net.
Passing
to the Southern Pacific,
of that
company
no
we
find that the Pacific system
than $444,334 gross and
$280,475 net, the Atlantic system on the other hand
showing slight gains in both gross and net. All the
lost
less
different divisions of the Southern Pacific, Pacific system, have contributed to the loss shown, but it is interesting to observe that about one-half of the entire
decrease in both gross and net is found on the Central
Pacific, which falls $222,698 behind in the gross and
$138,804 in the net. The Northern Pacific, like the
other Pacific systems, suffered because of the weather,
but the loss on that road is not very heavy only
The
The Atchison especially is distinguished
good results, having increased its net $294,443, or
from *387,914 to $683,356. We do not this time include the Kansas and Nebraska lines of the Union Pacific
in the Southwestern section, thinking it better to keep
them with the other Union Pacific roads; but the heavy
gains by the St. Joseph & Grand Island and the Central
Branch U. P. are to be taken as further evidence of
the improved condition of railroad operations in the
50 per cent.
for
Southwest.
For the trunk lines we also have an unusually large
On most of
percentage of gain, namely 30 per cent.
the separate roads or systems the amount of increase is
very heavy, and in fact there are but two
Mississippi
and the Detroit Grand Haven
— the Ohio
&
& Milwaukee
which report a loss. No less encouraging is the comparison which the Southern roads make, for there the
Canadian gain is 27 per cent, and out of 31 roads included only 5
—
$8,998 in gross and $55,965 in net.
exhibit by Southwestern roads, the gain on these being
Habch
I'HE CHRONICLE.
23, 1990.1
minor lines fail behind— to trilling amounts— while the
improvement on some of the roads is noticeably large.
In the Eastern and Middle section, the gains by the
JTew York & New England, the Northern Central, the
Eome Watertown & Ogdensburg and the West Jersey
deserve mention.
flrf'»»
Earnitigi.
k O.
t
of O. RiT.
of Ohio RiT.
Clev. Cln. Chtc. * St. L..
Grand 'I'runk of Can. a..
Bait,
l,4fl0,083
Ea.1t
West
Chicago
&
CJr.
411,881
967.273
1,192,805
313.405
ai,425
2.155,785
319,708
6,142,311
1,121,909
Trunk
a.
Mil. ».
Dot. Or. Mar. jfc
N. Y. Lake Erie & West.
0IUO&
Mississippi
Pennsylvania
Wabasb
13,482,634
Total (10 roads)
1889,
t
831,230 +152,0n9
12,471
+55,478
218,8-.7
41«,457
1,420.926
260,880
78,405
1,924,291
318,922
328 000
««5,5d5
89,085
5,425
612,489
72,564
69,72.'>
^ 82,505
-) 12,300
4,.528,748
1,308,0-46
898,637
330,017
11.908,207
3,590,180
7,490
642..i27
-2,086
+89,012
Akron & Col
& Canton
Det. Bay City ft A
Clev.
Clovelaml
Detroit Lansing & No...
Flint i Perc Marquette.
Illinois Central
Ind. Dec. ,t Western
Lake Erie & Western....
Tol.
Tol.
Col.&CIn
ft Ohio Central
Toledo & Ohio Cent, Ex.
Tol. Peoria
4
Western ...
Total (13 roads)
2,762,531 +837,666
07,813
51,872
38,915
78,427
202,082
1,127.146
a5,219
188,454
18,740
2,163,073
2,aiJ,223
28,151
81,4.56
6,038
88,013
21,749
11,918
8,289
17,145
14.654
62.969
310,422
3,855
83,7,33
9,149
87,046
4.184
14,500
02r,993
18,146
8,101
6,710
17,002
8,258
48,088
422,257
11,106
70,007
9,227
+3,603
+8,817
—121
Chlo. Burl. & Northern,.
Chic. Burl. & Quincy
"
Linos controlled
Chic. Mil. ft St. Paul
Dubuque ft Sloux City..
Iowa Central
Keokuk ft Western
Minn, ft 9t. Louis
Minn. St. Paul ft S.S.M.
Quincy Omaha ft K. C...
St. Paul ft Duluth
Central
Total (13 roads)
325,579
518,121
1,8)5,010
120.836
118.861
28.559
83,390
03,075
20,133
80,119
258,634
def. 6,090
29,735
813,122
14J.018
453,244
17.523
26,017
15,108
32,745
88,388
4,104
12,705
79,865
6,874,707
6,063,443
1,707,942
1,979,175
188,899
382,729
62,718
121,900
429,237
682,356
75,000
119,225
25,941
22,918
185,396
5.242
119,000
2,181,408
SM.OOl
1,704.4U
143,281
121,768
32,328
104.785
205,897
18,028
87 213
6,852
l.'>8,028
1,9 (1,205
-7,811
+14,736
-78
+14,480
+785
666,254
-28,261
+93
—3,830
-20,673
4.33,879 +3.30,243
1.38,071
13,425
23,:i89
5,597
def, 122
41,322
+69,075
+1,248
+4,799
+4,896
+14.207
+82,909
-1,493
+12.837
+38,343
1,189,726 +518,218
9outhwf8t*m—
Atoh.Top. ft S. Pe
DenT. Tei. ft Ft. Worth.
K. C. PC. Scott ft Me.up..
Little Kock ft Memphis.
Bio Grande Western
St. Louis ft San Francis.
Total
(8 roads)
387,914
14,581
101.883
26,830
44,127
160,791
+294 442
+80,419
+17,639
+3U
- 21,209
8,583,030
3,144,658
Prescottft Ariz. Cent'l..
San FranclsfH> ft No. Pac.
So. Paciac (Pac. sys.)/)...
Galv.Harrlsb. ft San A.
Louisiana Western
Morgan's La. ft Texas.
N. Y. Texas ft Mex....
Texas ft New Orleans.
Union Pad Before. Sh'rt L.&Utah No.
971,141
1,177,400
277.398
10,477
35,470
2,088,338
334,210
91,376
446,3rf9
14,478
175,645
Denver Leadv. ft Gun.
333,043
128.219
123.173
89,875
Alloth'rli'slnlJ.P.sys.
l,49..,8ri
Ore. Rallw'y ft Nav.Co.
St. Jo. ft tJrand Island.
Leav. Top.
ft
ft
ft
leasd'
Han. Alma
I's
Southw.
Burl
Total (20 roads)
1,U0,836
740,729 +370,106
108,918
60,388
2,597
2,689
7,927,899
897,938
1,181,398
208,638
11,925
43,410
2,612,672
188,804
283,233
150,983 +37,811
339,197 —55,985
def.12.400
+4,494
8,085
—1,019
241
—4,783
—28.1,475
681.423
63,995
—8,835
50,804
—1,141
149,608
—6,643
def.10,005
+6,:i83
34,207 +46,138
32.3,960
91,858
445,217
9,606
126,460
def .7,908
7,038
def.4,522
300,918
67.360
49,663
143,065
def .3.622
89,315
480,855
899
161,774
264,995 def.100,667
30,593
5l,7i8
87,878
18,499
57,018 def.84,588 def .27,808
1.481,155
374,025
401,942
57,583
48,3
0,588
62;018 def .83,815 def.28,143
2,808
dof,3,227
def.1,816
2,750
783
U
8,407,233
1,844,718
-180.875
-131,249
+38,227
—6,780
—30,017
+88.766
—81,702
-1,383
-147
1,924,600 -579,784
W*"
6""™''''°'" *3.133,414Kross, against $3,614,772:
''.''JUfSHt'"'™. •''"'.8''
net, $827,759, against $870,031 last year, and the Union Paciflo entire, $i28l),763
gross, against $2,423,314, and net, $298,629, against $582,984.
Southern Bontis—
Atlantic ft Danville
Cape I'ear ft Yad. Valley
Central of Geoi
Georgia
Chesapeake ft Ohio.
Chesapea
an. N, O. 4 Texas Pac
N. <). ft Northeastern.
Ala. ft Vlcksburg
Vicksb. .Shrev. ft Pac.
Kliz. Lex. ft Big Sandy..
Oa. South'n ft Florida..
Georgia Rll.
ft B. Co
Kentucky Central
ft
Nashville..
LoulsT. N. o. ft Texas..
Kaah. Chat, ft St. Louis..
New Orleans ft Gull.
Norfolk ft Western
Ohio River
Petersburg
Blchmondft
Danville.,
Virginia .Midland
Char. C. ft Aug
Col.
(Jreenvllle
ft
Georgia Paciflo
West. No. Carolina....
Wash.
Ash.
Rich,
ft
ft
O.
ft
W
J^par
Petersburg
Shenandoah Valley..
Tennessee Midland....
WrlghtsT. ft Teun.ae,..
.
Total (31 roads)
Cnal romi»"?u.,
Buffalo Roch. ft Pitts
Central of New .lersey...
Phlljulelphia ft Keudlng.
Pitts. Clev. ft Tol
7..
Pitts. P.
ft
l-alr
Pittsburgft Western
Summit Branch
Lykens Valley.
Western N. V. ft Penn..
West
Virginia Central. . .
Total (10 roads)
:«|.213
ll.-,115
4'>4,7t9
2.32,312
196,:<98
107,ftTS
281.141
61,610
93,367
Grand total
U5.701
:H,05«
8<l,iMl
dof.I-3,5»l
412,573
1W.2I6
Tkc
-Jfim
t.ma
10,772
49,M2
82,059
dof. 8.295
def. 7,238
1,985.998
1,731,978
tl8,»20
332,097
287,637
S3,018
13,436,769
41,466,068
(114 r'ds) 44,966,518
lnt.tr
nj»i
daf.tJLM
der.23.17B
411438 -«-107,0M
48,706
+ae,sia
10.872,383+1.68«.1I7»
-
1
THE RETIREMENT OF PRINCE BISMARCK.
The prominent and commanding event
of the
week
On
has been the resignation of
Tuesday at noon, at his own request, he was relieved
by Kaiser William II. of all the duties which pertained
to him as Chancellor of the German Empire and as
Prince Bismarck.
Chief Minister of the Prussian Kingdom.
The news, although not wholly unexpected, was
The
had
It
startling.
all
the effect of a grand sensation."
resignation was felt to be one of the most importlife of a man whose
most men of his time, has been
ant occurences in the public
heyond that
crowded with great
of
events.
It
attention, not only because the
commanded world-wide
man had
a world-wide
reputation but because he exercised a world-wide influIt has created endless speculation because it
ence.
im-
abandonment of a position for the many requirements of which he was deemed indispensable. It was he
more than any other man who restored or built up the
German Empire as we now know it. It has been he
more than any other who has sustained the fabric.
plies the
Since
its
reconstruction
it
has been impossible to think
great Chancellor; and now
Germany apart from the
all public and
new Germany and a
that he has severed his connection with
Oregon Iniprovem't Co..
Montana Union
134,090
35,183
434.107
40.828
122.818
e6».U8
Mexican R0.VI—
Mexican National
+18,604
—
Pacific Systems
Canadian Pacific
Northern Pacific
Louisville
ft Northern
ft Western...
Northern Central
RomeWafrl'nft Ogden.
Staten Island Rapid Tr.
of
Cen.Br.U. P.
Atlantic
England...
4 New
N.y.Ont.
-72.8:!5
3,399
14,407
391,189
16,275
21,218
10,212
18,5:«
W.815
-7.57
+8,208
-U,881
22,.168
daf. 1,280
50,108
160,060
$
career,
NorUiwattm-Cedar Palls ft Minn
WU.
se,2P0
69,488
34,569
39,4
77,810
228,111
1,180,083
32,342
218,081
21,089
95,800
8,270
71,700
N. V,
N. Y.
88,232
13,878
1,080,708 +225,2.W
122,618 +207,399
a £ reduced to $ on basts of $5 to a pound.
Middle Western—
Chicago & West Mich. ..
Camden *
1SS».
1830.
18.3.517
i»fM<fl»—
Allegheny Valley
Baltimore ft Potomac...
Total (10 roads)
Inc. nr Dec.
t
» .„
483,299
67,947
315,314
*
372 m^
871 21S
Kntlem *
-Jakuart.A el jM'xintt'.
1883.
1830.
Eamlngi
Ntt
1890.
1890.
Oro't E^rti'v-it.
West Jersey
-JAKUABT.Trunk TAn'i—
407
34..380
.30.782
873,967
585,000
3.38.801
21,500
34,788
600,895
443,1X10
7I,:i82
810,378
100,808
68,8)3
63,621
74,359
14,620
18 .,731
68,818
1,571,327
375,005
l,.3i8,817
2,38.809
101.710
88.318
88,512
58,998
51,013
207,308
308,588
14.886
617.005
48,t»5
43,061
402,129
168,256
85,060
88,808
191,875
78,644
8.748
10,732
27,236
91,815
18,492
7,825
6,669,875
293.080
15.459
898,084
38.003
42,871
407,038
144,383
15,480
18,081
3H,.364
101,000
128,000
35,000
23,000
10,000
20,384
10,208
98,347
28,028
613,723
143,816
10,400
17,292
280,701
05,000
121,000
30,305
26,000
12,000
17,857
nil.
12,5,347
98.225
18,194
660,703
81,034
121.172
H-5,080
+ 792
+80,8.58
+6,000
+7,000
+4,895
-2,000
+7,000
4-2,727
+19,208
+2,122
+9.8)4
+54.020
+02.781
-f-1.175
2,172
def .694
68,067
128,730
72,467
8,871
9.317
24,087
52,722
13,228
6,137
192,377
21,^21
21,621
234,628
84,283
30,444
40,062
60,880
24,784
110.679
12.747
20,277
175,253
85,611
83,375
30,005
37,108
9,408
+]5,.378
def. 1,081
1,404
7,946
12,278
4,106
3,878
213
def. 970
-1,274
+2,374
5,623,417
2,380,087
8!,.306
8,492
def. 37,648
2,280
1,817
+2,788
+81.808
+8,474
+1,:«4
+59,375
-1,329
-2,031
+10,057
+13,772
—546
+49,824
1,825
ti2,080
1,873,838 +607,149
117,766
8J3,074
1,688,730
32,635
* , „..
17,943
llb.6ai
work,
will
it
seem
as
if
a
new Europe had come into existence, and as if all old
things had passed away.
Europe has had no statesman of such commanding
—no
success — in
ability
statesman who, in the pursuit of a lofty
purpose, has worked with such energy and with such
many
that opportunity
not true; for
generations.
It is
makes the man.
the
man
is
sometimes said
The statement
is
not always equal to the
Of Bismarck, however, it may be
with confidence that he was largely instrumental in creating his own opportunities, and that he
opportunity.
said
was but rarely indeed unsuccessful in taking full
advantage of them and turning them to the very best
account.
No one man since the First Napoleon
has accomplished work on so gigantic a scale,
It was
a work of no mean magnitude to drive
Austria out of Germany.
It
was a work of
infinitely
greater magnitude to overcome Imperial
France, and
on French soil. in one of
her historic palaces, and in one of the proudest cham.
hers of that palace, in the presence of
German dukes, German
German kings,
Germany
princes, to proclaim
and breadth an imperial unit, and to
crown hereditary in the House of
Hohenzollern. This work was all the greater that it
was beneficent in its intent and beneficent in its result.
Bismarck has put Germany under everlasting obligations
and also the House of Hohenzollern, which he
has raised from a second rate among the crowned
heads of the Continent to a level on which it is second
in all her length
declare the imperial
;
62 633
to none.
55.(108
250,272
69,377
3,188,651
official
It is not
3,377,277
1,062,182
1,279,262 —217,100
ment
wonderful that the resignation and retireman should command general attention.
of such a
THE CHRONICLK
408
But now that the
that Bismarck
Kaiser,
it is
is
step has been
decisive
taken, and
at the right of the
no longer
very natural that the
why and
German
the wheregeneral
step should largely engage
Some twenty pages, it is stated, were
public mind.
covered by Bismarck's letter to the Emperor containing
Ms resignation. How many reasons he gave in justification of the course we know not. What we do know is
that he laid special stress on his old age and his
failing health, and his consequent need of retirement
the
fore of the
and
rest.
It is
It is
manifest
when
these things are taken into
consideration that Prince Bismarck had no choice but
To such
to resign.
Two
useful.
such
a master he could no longer be
wills,
with antagonistic purposes,
would work evil rather than good. In other times it
might have been deemed a necessity to depose the
But William is young,
Kaiser and retain the Minister.
and his people are willing to give him a chance. It
will be well, if Bismarck shall be able from his rural
retreat to look out on the Empire which he virtually
It
only very rarely indeed that the assigned created enjoying peace and continued prosperity.
reason in such circumstances
reason.
It is quite
[Vol. L,
is
the principal or the only
difiScult to believe that Bismarck's
will be a sad
sight for
him
in his old age to see
the
hands and the fruit of his brain coming to
harm. There are those who fear that the European
peace will be endangered by Bismarck's retirement. But
self-interest in this matter is likely to prove more
Besides, Germany needs
powerful than brain power.
peace, and it will not be safe for any power to attack
mind work
of his
was long since made up, and that latterly he has only
been waiting his opportunity. It is only a few weeks
since he made the announcement that he was making
arrangements to lighten his burdens; but he made no
secret of his intention to hold on to the Chancellorship of
the Empire. His age has not increased greatly in the her.
interval; and we have not been told that any special or
THE CENSUS OF MANUFACTURES.
sudden change has taken place in the condition of
Evidently something has happened to
his health.
The Census of 1880 showed almost exactly half as
change his mind and to induce the resolve to retire many people employed in manufacturing industry as
absolutely.
were returned as engaged in agriculture, and these two
sixty-six
final
decision
was
the
particular
cause
of
the
What
classes accounted for very nearly two-thirds
"
occupahaving
readily
discover.
may,
guess
people
returned
as
may
not
however,
of
all
the
We
per
cent
we
—
—
from some other causes which have un- tions." And while the value of farms then reported
doubtedly had influence with him, and of which we are was the enormous aggregate of 10,197 million dollars,
not ignorant. We know that there has been friction the amount of capital returned as employed in manubetween the Chancellor and his young master since the facturing, mechanical and mining industries was the
There is good
date of the latter's succession to the Imperial throne. very respectable sum of 3,790 millions.
at its character
Bismarck had been the guide and counsellor of his
grandfather, and to the extent of his opportunity of his
His advice had been prized. He was
father also.
recognized as the main pillar of the throne.
No sooner,
however, had William II. come into power than Bismarck was made to understand that the Kaiser was the
Kaiser, and that he meant to have his own will.
Selfwill, rashness, unwisdom, were in various ways and
under various circumstances revealed as leading
features of his character ; and what with impromptu
speeches,
junketings
through Europe, and
exhibitions in the different Capitals, Bismarck was
kept in hot water enough. The sudden int^revealed by the Kaiser
est
in
the workingmen
a policy which the Chancellor clearly perceived
would strengthen the socialist cause throughout Germany caused further irritation. Another source of
annoyance to the Prince was the defeat at the polls of
—
—
the Cartel combination
—a
which put the Government on the horns of a dilemma. There was no
choice but to declare the elections void, and make a fresh
appeal to the people, or buy the assistance of the Centre, or Roman Catholic, party by making fresh concessions to the Pope such concessions as would imply the
total abolition of what are known as the May Laws.
Yet another cause of irritation and annoyance came to
the Prince through Dr. Windthorst, the leader of the
Centrists, who demands from the Kaiser, as part payment for his assistance in the Reichstag, the
handing over to the ex-King of Hanover moneys which
have accrued from private property held by tht
Prussian Goverment. The Kaiser, we are told, is willing to pay without condition Bismarck refused to pay
except on the condition that the ex-King renounce all
defeat
—
;
claims to the throne of
Hanover.
Labor Congress
is
He knows
that
it is little
and that
can accomplish nothing.
it
to
Then
again,
the
Bismarck a standing grievance.
other than a solemn farce,
The
reason to distrust these last figures profoundly.
farm may be stated at widely differing
amounts, according to the basis which is taken for the
estimate and as for the returns of capital employed in
manufacturing, it was never pretended that the statistics of any census were accurate, or gave even a near
approximation to the truth. But in all respects the
Census of 1880 was an improvement upon all that had
preceded it, in fullness, in accuracy, and in usefulness
and common sense. For the first time, special subjects
were placed in charge of agents and experts, who made
comprehensive inquiries and embodied the results in
The same system has been
carefully prepared reports.
adopted for the Eleventh Census, and it may fairly be
value
a
of
;
expected that the experience of ten years ago will be
highly serviceable in
improving the quality of the
returns as well as of the methods of the enumeration.
It is
beyond dispute that the returns of manufactures
are, next to the population, the most important part of
The great crops of the country are rethe census.
ported annually by private enterprise, and with as
much
thoroughness and accuracy as the Government
bring to the work of a census.
dustry
reports
is
The
can
transportation in-
also fully returned every year in the railroad
and manuals.
But the work
of bringing to-
gether the facts in>relation to manufacturing cannot be
undertaken except in this manner, and only once in ten
It therefore becomes a matter of interest to see
years.
new facts
The general schedule for
been completed and is now
is the basis upon which all
how
the returns are to be gathered, and what
are
to
be inquired into.
manufactures has recently
in course of printing.
It
the special agents in the manufacturing division engraft
their special inquiries.
In other words,
all
these sjjecial
found in the general
schedule upon their own schedules, merely enlarging
those which are to be enlarged, and adding new ones
where that is necessary.
agents put every question that
is
March
The
THE CHRONICLR
22, 1890.]
general manufacturing schedule contains twelve
Some of them are merely for the
are to
409
be digested and drawn upon for economic lea-
The object of others
purpose of identifying the establishment making the is not so obvious indeed one might say that they are not
The fourth ques- obvious at all. But we can see, by a comparison of th©
return, and need not be referred to.
tion relates to the capital invested, and in this we see schedule as it has finally emerged from the processes of
the first radical departure from former methods. Here- criticism and amendment, that a purpose has been
classes of inquiries.
sons during the next ten years.
—
tofore the question relating to capital has been general
behind
" amount
facts desired
of capital real
and personal invested in the
to proceed to the ascertainment of the
by methods as little inquisitorial as possible.
The Decennial Census of the United States is one
of our most interesting peculiarities, in the breadth
it
all
The new inquiry asks for the capital inowned and borrowed, but without asking
manufacturers to divide the owned from the borrowed, and scope of the inquiry, and the people are getting
and seeks for specifications (1) of the value of plant, less apd less afraid of the enumerator.
estimating it at what the works would cost to be erected
business."
vested, both
in 1890, with the necessary allowance for depreciation,
and (2) the live capital, including raw materials, stock
in process
able,
and finished products, and cash,
certainly
accounts,
in
obtained the result will be
much
DECISION.
bills receiv-
This is quite a new
etc.
It is
making a census of capital.
a reasonable method, and if the facts can be
ledger
departure
WATER BONDS AND THE OALESBURQ
better than that of
[communicated.]
The decision
and
in the G^alesburg case
by Judge Gresham in
recent affirmance by the Supreme Court
of the United States, together with your editorial comment on
the same in the Chronicle of February 8, 1890, has awakened
April, 1888,
its
a wide-spread interest in the subject.
Water bonds have been deservedly a favorite investment
identical system, and will really show what they puramong conservative investors for a long time, and if there
port to show.
There has been very much discussion of was anything in this decision to alarm the holders of theeo
this part of the schedule, and earnest protests have been securities it should be made known.
There are in the United States about two thousand cities and
made against anything that would seem to ask manufacturers to disclose facts regarding their business towns having a public water supply; of this number somewhich it is not the province of the Grovernment to de- thing Uke one-half are owned and operated by private companies under franchises granted by and contracts with the remand. But as the questions have been finally framed, spective municipalities. And almost if not entirely without
they seem quite harmless, certainly as harmless as any exception these private companies have a bonded debt to a
such inquiry could be. And since nothing will be greater or less extent corresponding generally with the chartabulated that can disclose the facts regarding any par- acter of the works and the size of the city. There are then in
ticular establishment, a difiicult problem may be said the hands of the investing public about one thousand issues of
this class of securities, each issue varying in amount from
to have been surmounted in a fairly satisfactory
$85,000 to $10,000,000, which last is believed to be the largest
manner.
amount of bonded debt upon any water-works plant owned by
The next question is also a novelty. It covers the a private company in the United States.
expenditures for the following purposes
Rent, power
While the aggregate of railroad bonds much exceeds that of
and heat, taxes, insurance, repairs, commissions and water-works bonds, yet it is doubtful if there is any class of
expenses of sales department, interest on money used corporate securities composed of as many different and separate issues as is the case with water- works; yet the best authorin the business, and sundries not included in these
ities inform us that in the entire history of these securities,
items.
Combined with a sub-question as to the average covering a period of something like forty years, there have
annual allowance for renewals, this class of returns will been only five instances in which there has occurred any loss
render it impossible for labor agitators to state the to bondholders, and of these Galesburg is reckoned as one.
When the facts of the large number of these issues, the large
profits of manufacturing corporations at the value of
number of different corporate managements by which these
products less the value of materials and the cost of
bonds have been issued, the wide extent of territory throughlabor.
out which the works are located and the different and varying
The question relating to wages introduces two new conditions surrounding each work, are taken into account, wa
features
In the first place it separates the wages of may truthfully say that the record is remarkable and is not
workmen from the salaries of officers, which was done equaled by that of any other class of securities, either public
ten years ago only by Mr. Edward Atkinson in bis spec- or private. No such record is made by municipal bonds, nor
by railroads, nor even by real estate mortgages in our older
ial inquiry relating to the cotton manufacture.
Seccommunities.
ondly, it asks the weekly rate of wages under $5, beDoes the Galesburg decision then announce any new printween $5 and $6, and so on, at intervals of $1 up to $10, ciple which renders water securities, as a class, any less safer
and then at or between $12, $15, $20, $25 and over than heretofore? The mere fact that a decision has been made
which injuriously affects the bonds issued on a particular
This will be a most interesting inquiry.
$25.
No change is made of great consequence in the ques- property like Galesburg should have no such effect. One has
only to recall the numerous decisions in municipal bond cases,
tions relating to materials and products, their value
which have resulted in total loss to the bondholders, and those
and quantity; but questions nine and ten will enable affecting railroad securities in a similar way, to see the force
students of the Census to supply some facts that have of this. It would require too much space to rehearse any
not heretofore been accessible. They inquire as to the number of such decisions, but the investing public is familiar
number of months the establishment has been in opera- with the many instances in which repudiating municipaUties
have through the courts succeeded in causing greater or less
tion, and for what part of that time it has been operated
loss to bondholders
in some cases total. It is not so long since
on full time or any fraction of full time; also the
that the Supreme Court of Ohio declared what was intended
number of hours in the day of labor. Two additional as a second railroad mortgage to be the first, nor since an
questions the first relating to the power used and United States Court in Missouri held that the lien of workmen
the second (a very singular inquiry), whether or not and those who furnished materials for a railroad was para-
1880, because
all
made upon an
the returns will be
:
:
—
—
persons are interested as owners, and to mount to the first mortgage bonds.
The criticisms made upon the decision of the Supreme Court
what extent complete the schedule.
It is easy to
in the Galesburg case seem to be two in number—one that
see that some of the new features of the Census will
bondholders have no greater equities than the company, and
result very much to its value as a mass of facts that
Second that the city having once accepted the works, it should
colored
—
THE CHRONICLR
410
not afterwards be heard to assert that the contract was not
being performed.
As to the first criticism, it must be phiin that in the very
nature of things as to the relation between tho city and the
company) or those holding under it, the bondholders could
h^ye no different standing than the company had. The same
the bondholders have no greater
is the case with a railroad
rights as to the State and its various municipalities than the
corporation itself. The mortgage is only a conveyance; it
:
donveys just what the company has and no more. The company has certain rights and liabilities under a contract with
the city (its franchise to operate), and it conveys all those
rights subject to all the liabilities to the trustee for the bondholders. It makes no difference whether it is a railroad mortgage, water-works or individual mortgage, the mortgagor can
convey no greater estate than he has, cannot escape any limitations
upon
his rights
and
privileges
which are created
either by law or by contract, of which the bondholders must
take notice prior to the mortgage. Now it must be plain that
[Vol. L.
not depending on anything in the future. Second, the company agrees to build works of a certain description this is
fulfilled when the works are mechanically complete; and
third, the company covenants to supply water for public and
private uses during a long period of time and the city agrees
to pay a certain sum as hydrant rental.
Now, the city must have some remedy for a continued failure to observe this continuing contract. It may be said, in
case the company fails to supply water the city does not pay
for it. That is true, but shall the city simply wait the company's pleasure in supplying water one, two or five years, in
the meantime suffering the risk of conflagration, and when
the company gets ready to supply water begin paying again ?
Suppose, in the meantime it puts in an apparatus of its own,
and in a year or two after the company gets ready to supply,
what shall the city do? Begin paying again? The mer«
statement of such a proposition shows its absurdity.
The Supreme Court says that when there is a gross and
total failure to supply water and the city waits a reasonable
time, it may apply to a court of equity to rescind the contract
;
the limitations contained in the very foundation contract
under which the company acquired its rights in and to the for hydrant rental.
streets, and which is especially mentioned in the mortgage,
What is a reasonable time, what is a gross and total failbind every successor or assignee of tha company; if it were ure ? is a question in each case depending on the circumotherwise the company might make a contract with the city stances. Accident, unavoidable misfortune, temporary dis^
and then avoid any onerous obligations by making a sale, for ability and a multitude of circumstances excuse a default;
but when, as in Galesburg, the company f roni tlie start on the
a mortgagee is only a purchaser.
The second apparent criticism is, that the city having once acceptance of the works furnished water totally unfit for use
accepted the works should not afterwards be heard to com- and in grossly insufficient quantities, it would seem as though
plain that the contract was not being fulfilled. At first sight eighteen months was a reasonable time to wait for it to begin to
this seems reaconable, but when it is considered that a water- furnish water of a decent character in such quantities as might
works contract is not fulfilled at once upon the completion of be necessary. It wasn't necessary it should have had any
the works, but, on the contrary, is a continuing one, and excess, but only that it should be able to supply what was needed
involves two things first, the building of the apparatus, and, in the beginning and be able to gradually increase the amount
second, the furnishing of water during a long term of years
as the demand increased; nor was it the case of a deficiency
it will be found to be the opposite. The acceptance which takes arising from growth in the town or an unexpected failure
place on the completion of the plant only relates, as Judge through a great drought or anything of the kind; but the
Blatchford remarked, to the mechanical construction of the difficulty arose at the beginning and was a failure gross and
works; the municipality accepts the machinery, the apparatus, total as to both quantity and quality.
In the Galesburg case, again, there was a complication which
as being sufficient to supply the water. The water supply
and the fumisuing of water during a long term of^ears can- is unusual the pine laid in the main portion of the city belonged to the city. This pipe laid in the streets the city agreed
not be accep ed in advance.
This princplehas been invoked by water companies in their to sell the company on condition of its fulfilling its contract
8 ovm behalf many times. In Indiana, Illinois and Iowa there When it did not fulfil, the city, at the expiration of eighteen
a constitutional prohibition on the incurring of indebtedness by months, retook it as it might have done any other property
municipalities above a certain percentage of assessed valuation, which was sold on condition whenever there was a breach,
and where water contracts have been made for a term of thereof. The result of this was that the mains of the water comyears, e. g., 30 years at five thousand dollars per year, it was pany were divided without connection, but the city did not
alleged that the contract created an indebtednes of thirty attempt to seize or confiscate any property, pipes or mains
times five thousand, viz., one hundred and fifty thousand belonging to the company, and had it not been for the peculiar
dollars, which being greater than the percentage, the contract fact of a part of the mains having belonged to the city, the
was void; but the courts have said, no indebtedness was only effect of the action by the city would have been a reciscreated by the contract, that it was a continuing contract sion of the contract to pay hydrant rental.
from day to day and indebtedness only arose as water was
It may be asked, what security has a water-bond holder that
furnished under it.
the company will continue to observe this continuing conAgain, in Michigan, a city refused to accept a water works tract for a supply of water ? This might be answered by askwhen they were mechanically complete, because the Council ing another question, viz. What assurance has a railroaddid not deem the water supply complete and adequate (there bond holder that the company will continue to run trains and
was enough for the time being, but not for all which might at transport passengers-and freight ? Because it is profitable to
some time be needed), but the Supreme Court of that State do so; it has transportation to sell; the water company has
held that water supply was not a condition precedent to ac- water to sell.
6Qptance; that the contract to furnish water was a continuing
It is not impossible that the management of either a railway
one, to be performed as years passed, to be continually day company or a water company will be so reckless or so dishonby day performed.
but the history of
est that the property will be wrecked
It needs but little thought to see where any other^position water companies shows that such manage -nent is very rare,
Would leave us, looking at it from either side.
and, without desiring to, make any invidious distinctions, much
A water company, if it was obliged to furnish a water sup- more so than in the case of railways or other corporationa
ply for a long period of years in advance, must, when water is whose securities ire generally for sale. And there is reason
not taken from "pome river, develop a supply sufficient for all for this. The business of a water company is concentrated;
the population the city might ever acquire during a period of it is carried on under the jealous and watchful eye of a munictwenty or thirty years; and, on the other hand, the city could ipal councU; it is quasi-public; and, above all, it may be
not safely accept a water supply unless it was sufficient for likened to a young orchard: its plant is established, its maing
whatever size it might attain in the course of years.
laid, and continually, without extra efforts on its part, its conIn the case of every town of ten thousand people, which sumers are increased it grows while its owners sleep. The
confidently expects to grow to a Chicago, it would put an addition in a town of ten thousand people of an hundred conenormous burden on the water company, and it would be un- sumers in a year makes no appreciable difference in expenses
safe for the city to accept, as definitely established in advance, of water consumed, while it adds from twelve hundred and
J>ny supply less than it might have occasion to require during fifty to two thousand dollars to its income; in other words,
the term of the contract.
makes the property worth from twenty to thirty thousand
Accordingly a water-works contract is usually made. First. dollars more. This is not accompanied, as in the case of railk franchise or privilege is granted a company to use the streets ways, with a large increase of plant and equipment. Of
for water mains. This is an executed contract.
It is a grant course, in some of the rapidly-growing towns, the increase is
—
;
:
—
—
;
;
,
KAjtcH
THE CHUONICLB.
aa, 1890.]
BO rapid as to require for
some years a
large annual outlay;
but that gradually diminiahes aa the area occupied by the city
16 fully piped and population tends to thicken along lines already laid. And, lastly, the revenue ia sure, as there is no
substitute for water
and hard times or poor crops do not
the income.
But, says the investor,
affect
411
absolute necessity with every one ; white in the BmaUer tawpi
remains more or less of a luxurr.
it
There was and
nothing alarming to the investing public
hand, it is based upon soimd
principles, and its effect is believed to be fraught with good
rather than evil consequences.
is
On the other
in this decision.
•
what
shall I
do to assure myself
Wiluau
11, 1890.
.
A. Underwood^
'i'
We answer.
After being satisfied as to the town and its prosperity, the earnings and
expenses of the company, whether increasing or not, there
against a failure such as this?
March
are three things
Ist.
Has the company a fair franchise and contract?
2tid.
Has it works and apparatus Xvhich when completed
:
IMPORTS AND EXPORTS OF GOLD ANt>
SILVER AT SAN FRANCISCO.
"We have received this week the returns of imports and
exports of gold and silver through the port of San Francisco
for the month of Febrtiary, and give them below, togetheif
were accepted by the city, and does it maintain them?
8rd.
Has it a fair water supply and the means of procuring with the Results for previous months of the fiscal year 1889-90.
further in case it is required?
The ihiports during the ntvonth were a little heavier than in
In the latter case, if the source of supply is mentioned as January, but iliuch smaller than in preceding months back to
from some stream or river, as is frequently the case, this ques- and including September. The arrivals were mainly frctttl
tion is disposed of.
Victoria, Mexico and Central America. Gold exports weri
All these questions are usually carefully investigated by all quite light, only 973,338 coin and $410 dust having gone out,
reputable houses selling water bonds. It is not expected that of which $50,000 coin was to Honolulu and the remainder to
aach individual investor makes this investigation any more China. The silver exports reached only $203,468, all Mexican
than in case of a railroad whose bonds he thinks of buying.
dollars, and taken entirely by China. The exhibit for FebruA tolerably wide experience on the part of the writer shows ary and the eight months of the fiscal year 1889-90 is as
almost universally the service rendered by private companies follows
IMPOSTS OF flOI-D AND SILVKK AT BAH PBAKClBCa
both'to the public and to consumers is vastly better than that
rendered by municipal works. Here and there are exceptions
SILVEB.
GOLD.
Months.
either way, but taking the country through, and on the whole,
1888-90.
Bullion.
Onin.
Bullion
Total.
Clin.
Tatal.
this is strikingly true.
The public will not tolerate a service
by a water company *hich would be simply grumbled at if
9
$
$
$
5^,858 60,771 183,612 244,383
July
10,741 48,117
rendered by the municipality.
should turn out that the effect of this Oalesburg decision
is to make water companies even more careful than they r.ow
ate to fulfil every obligation as to service in the most liberal
spirit towards the public and their patrons, we shall find, as is
usually the case with such decisions, that in place of being an
injury it has had the effect of rendering this class of securities
even more safe and desirable than they now are.
There have been many times in the past when decisions of
our highest courts, particularly with regard to municipal bonds
and railways, have been denounced as rendering unsafe investments in these classes of securities, because the result of
the decision caused a loss in a particular instance. But universally the result of such a decision has been to strengthen the
particular class of securities, from a variety of causes which
will readQy recur to the reader. No such denunciation of the
Oalesburg decision has been made, and while the remedy allowed in this case may be open to criticism, the principles
enunciated are correct, and such as should govern for the
safety of every one concerned. But owing to the fact that
there are so few cases in the law reports of the Federal and
State courts involving these questions, it was open to some
misconstruction. It is believed that this case and the Joliet
case are the only ones reported where any attempt was mare
to rescind the contract. Both these were in the Federal
courts and both arose in Illinois.
In the latter case,
although the contract contained a clause authorizing a
forfeiture
for
non-performance, the Court held that
under the circumstances surrounding the case a year
more should be allowed the company to attempt to obtain a
sutflcient supply.
Aside from these cases, the writer does not
recall but two other reported cases involving a controversy as
to the character of the service, and both of these were decided
in favor of the company. Recalling the number of private
works in the country, does not the scarcity of these controversies indicate the geneially satisfactory relations which exist
between the companies and the municipalities served ? But
in ordinary cases, not affected by the peculiar conditions pre.
vailing in Oalesburg (where there existed the system of mains
owned by the city, and which it retook and was thereby enabled
to serve the main portion of the town), there is a physical re.
straint upon the municipality much more potent than any
legal remedy or paper agreements, and that is the fact that the
town is dependent on the water company for its means of fire
protection and domestic water supply. To cut off tire protection means to raise the rates of insurance, to incur a protest
from every citizen having any property to protect, and the
case mast be very desperate when a city will engage in any
serious controversy with a water company, and this is particularly true in the larger cities and towns
when a city has
more than forty or fifty thousand people, public water is ap
If it
;
August
September
218,274
202,456
159,561
237,263
203,196
205,}" 86
69,837 22,986
8,274 64,563
2,115,442 180,499 2,295,941 95,231
106,732 129,020 235,752| 112,790
October
November. .
984,705 61,277 1,045,982 23,039
December... 595,391 37,314 632,705 36,877
January ....
36.077 39,040
75,117 21,320
February. .
110,502 11,688 122,190 18,449
.
213.823;
.
241,260
297,687
272,361
260,302
240,078
227,80«
232.272
Total 8 mos. 3,964,864'571,518 4,536,382 391,463 l.e24,171 2.015,63*
EXFOBTS OF GOLD AND BILVBR FBOM SAN PBANCISCO.
\BM'n
Coin.
July
August
September.
October. ..
November.
December..
January
BILVEB.
GOLD.
MONTHS.
1889-90.
...
February..
20,806
115,433
68,690
342,163
216,944
82,734
179,915
72,328
410
1,356
460
3,640
1,636
2,824
410
Tolnl,
Coin.
Bullion.
21,216
800, 858
116,789 1,072, 692
532, 370
69,150
345,802
893,,117
218,580 1,435, 890
690,,432
85.558
179,915
561,,625
203,,468
72,738
Total.
500,ieO 1,301,018
910,892 1,983,584
420,300
952,670
726,700 1,619,817
644,000 2,079,890
732,300 1,422,73«
756,125
194,500,
203,468
Tot. 8 mos. 1,099,012 10736,1,109,748 6,190,452'4,128,852 10,319,304
[From our own correspondent.]
London, Saturday, March 8. 1890.
of England on Thursday lowered
their rate of discount from 5 per cent to 4)^ per cent. The
rate has not stood at this figure since 1873, it having always
since then moved from 4 to 5, or from 5 to 4 per cent. From
this it is inferred that there was a strong opposition on the
part of some Directors to the proposal to reduce.
On the one hand it is undoubtedly true that the reserve is
very large. The 5 per cent rate was not effective. Indeed, the discount rate in the open market on Wednesday was
only about 3J^ per cent, and the Government is paying out
large sums in redemption of treasury bills, and in sinking
fund purchases. The market had apparently got out of the
control of the Bank of England. Therefore, it was argued on
the one side that it was useless to keep up the rate. On tha
other hand, the argument was that if there is a crisis in
The Directors
of the
Bank
it now appears not improbable there will be, gold
The German
be withdrawn in very largo amounts.
banks are known to hold a large number of sterling bills.
They can, therefore, if they like, withdraw considerable sums
in gold, and the Bank of England ia not in a position to part
with much of the metal.
Even if the difficulties in Berlin are overcome for the tim«,
there is the danger of large withdrawals for Buenos Ayree.
The premium on gold there has been again advancing. At
Berlin, as
may
one time
this
week
it
was
as high as 170 per cent,
and though
THE CHRONICLE
412
has since fallen to about 144 per cent, it is very likely to go up
Apparently the Government, in its desire to keep down
the premium, pays out gold whenever there is a sharp advance, and it is to this that the wide fluctuations seem to be
mainly due. In the meantime some of those engaged in the
retail trade in Buenos Ayres have combined to contract for
payment in gold. If their example is widely followed, the
In any event, everypaper may become utterly worthless.
thing possible win be done to get gold from London, and it is
known that gold which was coming from Eio to London is
now being diverted to Buenos Ayres.
Lastly, there is the danger that gold may be taken to New
York. At the beginning of the week there was a small profit
on shipments, and about £20,000 in bar gold was bought in
it
again.
the open market. But as the sterling exchange on London
has since gone up, the danger for the moment is averted.
Still it was argued with some force that there being a probability of gold shipments of unknown amount and to various
was unwise to do anything that would make
and thereby facilitate the apprehended
The opposition, however, as already stated, was
shipments.
unavailing, and the change was made. The joint-stock and
private banks immediately reduced the rate they allow on
deposits to 3 per cent, and the discount houses and bUl brokers
lowered their rates to 3 per cent for money at call and 3)4
per cent for money at notice. The discount rate in the open
market fell to 3J^ per cent on Thursday afternoon and is now
countries,
money
it
cheai)er here,
barely 8 per cent.
The banks of Bombay and Bengal have made no further
change in their rates of discount. There is evidently considerable stringency in both cities. The exchanges haye risen,
and the purchases of India council bills and telegraphic trans-
have been large this week. SUver at one time rose to
44J^d. per oz, but it has declined again to 44d. The price of
silver is at the present moment relatively lower than that of
either bills or telegrapMo transfers.
fers
[Vol.
U
The result is that the public generally is altogether
holding aloof from the markets.
Members of the Stock Exchange complain that business is slacker than it has been almost
ever before in their recollection; and those of them who are
not heavily committed are hoping for a sharp fall as the only
chance of reviving business.
The Board of Trade returns for February, \<rhich were issued
yesterday, confirm the evidence afforded by the railway traffic
returns, and other indications of the condition of the country,
that trade here was very good throughout last month. But
in one point, to be noticed immediately, they raised a doubt
as to whether the high rates of money that have prevailed so
long and the monetary uncertainty as to the future have not
affected trade even more than was supposed. The value of
the exports of British and Irish f reduce and manufactures
show an increase of nearly 2^ millions sterling over February
of last year, being not far short of 13 per cent. And there ie
an increase in all the principal heads, the largest augmentation being in metals and articles manufactured therefrom,
next in yarns and textile fabrics, and next in raw materials.
To some extent no doubt the increase in value is attributable
to the fact that prices are higher now than they were twelve
months ago, but pretty generally there is an increase In the
quantities exported as weU as in the value.
Imports, on the other hand, show a falling off in value of
£1,321,000, or a little over 4 per cent. The falling off is almost
entirely in the raw materials for textile manufactiu-es. The
largest decrease is in raw cotton, the next in wool, the next in
jute and the next in raw silk. It is true that in February la&t
year the imports were very large, but the very general falUng
off would seem to suggest that manufactvu-ers are not quite so
confident as they were that the improvement in trade will continue. As yet, however, there are few symptoms of declining
prosperity.
Every branch of industry is well employed,
though the orders for new ships continue to be very few, and
speculation in commodities is almost entirely stopped. There
has been a further fall of two shillings a ton in pig iron this
securities.
The stock markets all through the week have been overBhadowed by the critical condition of the Berlin Bourse. week.
It is understood that the miners of Durham have accepted
Your readers will recollect that at every liquidation on the
Berlin Bourse since the end of September serious diiBculties the employers' offer of an immediate advance of 5 per cent in
have reappeared. The rates charged to speculators have been their wages, and in the Cleveland district an offer of 1}4 per
very onerous, and as the months went on the apprehension of cent has also been accepted; but elsewhere the danger of a
trouble grew. Since the new year came in labor disputes, the strike is as great as ever. On Tuesday representatives of the
visible increase in the Socialist agitation, the Imperial Re- Miners' Federation and the Coal Miners' Federation met in
scripts, and the great augmentation in the Socialist vote at the London, and the latter offered to submit their books to inspecelections, have increased the alarm.
Mining and industrial tion in proof of their statement that the condition of trade
shares generally have for weeks past been falling very does not admit of a further advance; but the men refuse on
heavily, and at last the operators have been compelled to the ground that though old contracts at low prices may have
throw upon the foreign markets immense masses of interna- continued to run, and therefore have prevented the owners
tional stocks. Here in London they have been selling from obtaining the full benefit of the rise in prices, yet those
throughout the week American railroad securities. South old orders have now almost entirely come to an end, and the
African gold, diamond and land shares, copper shares and
foreign government bonds.
The fall occasioned by selling on German account has not
been as great perhaps as might have been expected, for although
the German operators carry over month by month a considerable part of their accounts in the London market, the general
London public does not understand the Berlin Bourse as well
as might be supposed. A fall there, consequently, has not the
direct and immediate effect which a great fall in Paris would
have.
contracts are at so much higher prices that the employcan well afford the demands of the men. The coal owners,
however refuse, to give way, and it seems probable therefore
that at the end of next week we may have a very serious
In Liverpool the dock laborers have turned out in
strike.
large numbers. It is said that 20,009 men are out of employment.
The wheat market is firm, without any material change in
new
ers
prices.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
hoped that the great bankers may commonths ago, to
Whether they will do so nobody can foresee,
Besides,
it is
bine, as the great bankers of Paris did twelve
stop a panic.
but it is to be recollected that the Imperial Bank of Germany
is under the direct supervision of the Government, and that it
is by law forbidden to lend upon industrial securities.
It does
not seem probable, therefore, that the Imperial Bank will do
what the Bank of France did. And if it does not, it may be
doubted whether any combination of bankers will be able to
prevent a disastrous fall in prices.
The effect of the difficulties in Berlirl has been heightened
by the rise in the gold premium at Buenos Ayres, in consequence of which Argentine securities of all kinds have fallen,
and esjiecially Argentine cedulas. Then, again, the gold
miners in the Transvaal are much dissatisfied with the Boer
Government, and they have made demonstrations against
President Kruger, which have helped to increase the depression in the gold and diamond market. Lastly, the rapid decrease in the reserves of the Associated Banks of New York,
and the rumors of disagreement between the railway companies, have helped to depress still further American railroad
Circniation
Public deposits
Other deposits
Qovemment securities
Other securities
Reserve
Coin and bullion
1890.
1889.
1888.
S
£
£
^i
.
Clearing-Hoase return.
£
23,391,066
10,187,161
23,191,210
23,138.060
10,310,628
12,636,031
9,670,146
22,910,196
23,950,885
22,462,369
22,889,809
11,211,049
21,176,767
11,199,861
18,674,671
14,136,111
23,639,120
20,980,328
20,870,993
83.666,8:46
Prop, assets to liabilities .per cent.
per cent.
Bank rate
Consols
1887.
18,367,307
14,817,006
16,038,363
23,681,132
18 15-18
22,008,071
23,029,5;S
15,930,926
23,618,fc»
42«
46)i
18M
3
2H
1«
97 3-16 xi
97X
188.197,000 1S9.195.000 l,'a,289,000 102,666,000
of import trade is given below :
Difference.
1839.
1890.
The comparison
'Imports.
January
February
2 months....
The
£
31,018,842
38,058,^18
32,340,096
69,162,692
73,393.414
38,140.8.50
total exports for the
ISstO.
Exports.
January
Fd'jruary
2 months....
je
21,586,752
21,084,228
42,670,980
+
Per
01.
£
—
—
1,321,254
0-22
4-08
1,235,722
1-75
85,.532
months show the following contrast:
1889.
39,197,339
Per
Difference.
£
20,527,037
13,670,332
Ol.
£
-f
+
-I-
1,059,715
2,413,876
+
+
3,173,591
+
6-16
12-92
8-86
March
THE CHRONICLE.
22, 1890. J
1890.
FebruSy......
4,779,951
6,369,507
2 months....
10,149,458
J^S^y."'....
Per
Difference.
—
5.6*1,5.58
_J.408,311
11,022,809
01.
8f4,607
38304
-
14'86
873,411
-
7.92
J72
of cereal produce into the
during the first twenty-six weeks of the
The following shows the imiwrts
United Kingdom
season compared with previous seasons:
WPOBTR.
1888-89.
31,518.242
11,230.304
8,618.291
1,106,268
J.532.559
13.151,547
7,793,482
1889-90.
Wheat
owt. 27,332,02
9.477.187
6,822.011
970,517
..
Barley
Data..
Peas
1,831,788
15,716.944
8,582,698
BeanB.'.
com
Indian
Flour
1887-88.
24.458.831
10,381,713
8,H28,384
1,910,353
1.400.338
11,332,986
9,488,325
1886-87,
2^,847.031
10,8l>0.0i9
7,671.1.54
1,260,153
1.374,370
13,358,327
8,112,239
Supplies available for consumption (exclusive of stocks on
September
1):
1887-88.
24,458,831
1K89-90.
Xmport8 0fwheat.owt. 27,332.021
8,582.698
Imports of Uour
Bales of home-grown. 27,206,250
1888-89.
31.518,242
7.793.482
18.920,275
22,270,873
1886-87.
25,847,051
8,412.239
18,299,272
63,120,969
1889-90.
53,231,899
1833-89.
56,218,029
1887-88.
62,558,562
1888-87.
Total.
Aver
price wheat week. 298. lOd.
Av. prloe wheat season. 303. Od.
318.
298.
8d.
71.
9,48'<,325
308.
26s.
21.
11.
32j.
323.
9it.
7d.
Dry GoodB
Wheat.
qrs. 2.198,500
Flour, equal to ars.
Maize
-ars.
293,000
623.500
1899.
1,929,000
228,000
398,500
LattKtek.
1,974,000
345,000
637,000
92,726,344
5,044,174
$2,460,188
6,080,892
<]«n'l mer'dlse..
1889.
1888.
1887.
For Week.
1890.
•2,860,187
7,066,249
$2,982,069
8,361,883
$8,541,080
$8,370,518
$9,925,436
$ll,343,90dr
Oen'l mer'dlse..
$33,058,664
66,289,129
$35,567,236
71,073,746
$30,644,091
74,898,605
$30,673,698
70,064,377
Total 11 weeks.
$99,347,793 $107,240,982 $111,542.646 $109,738,07<>
Total
tmet Jan,
Orr Oooda
1.
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for tha
week ending March 18 and from January 1 to date:
EXPORTS FBOM KBW TOBK FOB TUB WEEK.
1887.
1890.
1889.
1888.
1
For the week....
Prev. reported..
16,553,397
59,001,312
$4,'i86,306
59,520,747
$5,490,705
69,067,834
Tojal, 11 weeks.
$65,554,709
$64,207,053
$74,564,539
Import*.
ElcporU.
eoid.
18S8.
Week.
Since Jan.'V.
SinM Jan.\
Week.
1,539, .500
242,000
302,000
$43,611
$1,300
areat Britain..
France
$5,41T
84,86
2,243.589
96,50O
70.238
193,000
daily closing quotations for securities, &c., at
reported by cable as follows for the week
London
Bat.
Mon.
Tue$.
Wed.
Thurt.
2,000
241
2,002
5,500
$224,800 $1,738,750
$207,610
203,142
454.433
Sjuth America
4.5,P06
ending AU other ooiuitries.
32:
London.
1,323,038
1,600
365,001
15,500
168,000
West Indies..
.Mexico.
EnKllsh Financial Markets— Per Cable.
The
MArch
Total 1890
Total 1889
Total 1888
10,500
.
1,735,300
409,660
.
.
4,541,549
3,154,579
for account
do
Fr'oh rentes (in Paris)
D. 8. 4is8 0f 1891
U. 8. 48 of 1907
fr.
4378
43%
43%
43%
43%
43%
976,8
973
973,8
971,8
971,8
971,8
97
976,8
073,,
977,8
973jg
14
975i«
C8-65 88'22i3 88' 121a 87-7^ 87-85 87-6,; la
7116
70^8
70%
106
125
74 1«
70
70%
117%
117%
117%
117%
Lake Shore
109 >«
117%
no's
117%
70%
Illinois Central
llOMi
llOia
86i«
73
llOia
110
110
Canadian Paoltio
Chlo. Mil.
&
St.
Paul....
Louisville & Nashville..
Mexican Central 48
8608
7238
N.Y. Central &. Hudson. iim
N.Y. Lake Erie & West'n 26I9
do.
2d cons
104 ifl
62ii)
Nortulk & Western, pref
Northern PaciUcpref.. 75 14
5578
Pennsylvania
Philadelphia & Beading. 20 Vj
Union
Pacific
Wabash
,
pref
106
125
74%
86%
72%
11
26%
10458
62 H)
751a
557e
65%
20%
65%
3108
3l>«
106
125
74B8
86%
73 14
112
261a
104 6g
62 14
7513
5578
26
104
0179
741a
205?
55%
20%
647^
6378
31%
30 19
106
125
86%
National Banks.
—The
following
national
7468
110%
SOHi
73I2
11068
26
26
IO414
6213
74I8
55=8
IO4I8
20%
64%
20%
64%
31%
7318
311a
®0ttxmcrcml and ^XisccUnncaxxs
recently been organized
106
125
7414
62%
74
5568
JlC^cms
banks have
:
4,249— The National Bank
of Pendleton, Oreeon. Capital, $100,000.
Jacot) Frazer, President; Thomas F. Kourke, Ca.shier.
4,250 The Annlston National B ink, Annlston, Ala'iama. Ctpital.
$loo,'i00. 8. A. Woods, President; John 8 Mooring, I'aahler,
4,251—The -Etna National Bank of Kansas City, M). Capital, $250,-
—
000. Robert W. Tiireman. President: Luclen D. Cooper, Caviller.
4,252—The Farmers' Natloual Bunk of Hoiilton, Maine. C.ipita', $50,000. Lewis B. Ji>husau, President; A. B. Pajje, Cashier.
4,253— The First National Bank of Navasota, I'exas CaMitul. $50,000.
Ferdinand W. Brosg, President; Jas. M. Shaw. Casliier.
4,251-The Hopewell National Bank. Hopewell, N. J. Oaplial, $50,000.
Joseph M Phillips. President; John N. Race, Cashier.
4,255— The National Bank of Ciaysvilie, Pa. Capital, $50,000. J. K.
MoLain. Prt sident; W. C. Kinc, Cashier.
4,256— The National Bank of North Dakota, at Fargo, No. Dakota
Capital, $250,000. E. AsUley Uears, President; George W.
Broun, Cashier.
4,257— Tlie
First National
Capital. $50,000.
$2,657,903
1,736,468
2,126,20V
Import*.
Silver.
Week.
1
106
125
74 'n
4.843:
43.595
193,791
.ft-i.
Export*.
Bllyer.per oz
d.
Consols, new 2%perot8.
If74.941.134
table
Germany
are
«7.617,46»
67,323,668
shows the exports and imports of specie
at the port of New York for the week ending March 15 and
since January 1, 1890, and for the corresponding periods in
1889 and 1880:
EXfOBTg XVD IKPOBTS OF gPBOIB AT KBW TOBK.
The following
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
NEW TOBK.
roBEION IMFOBT8 AT
Exports of foreign and colonial produce were a3 follows
1889.
413
Bank of Bedford City, Va. (P. O. Liberty.)
Thomas U. Berry, President; Cha3. L.
Mosby, Cashier.
4,258 -The Ferris National Bank of Swanton, Vt. Capital, $50,000.
E. W. Jewett, Presiilenl; A. J. Ferris, Cashier.
4,259 -The First National Bank of Cameron, Mo. Capital, $50,000.
WiUard H. Bohart, President; Arthur R. Bradley, Cashier.
4,260 -The Ciiizens' Nail mal Bank or Covington. Kv. Capitil, $200,000. Henry Feltman, President; Wm. G. Allen, Cashier.
4,261-Thc First National Bank of Benton Harbor, Mieh. Capital,
$50,000. Samuel A. Bailey, President; James Baley, C.ishier
4,262— The Laclede National B..nk ef St. Louis. Mo. Capital. $1 ,000,000 Samuel G. Uotl'man, President; James B. True. Cashier.
The notice of the organization of th 1 Amsterdam National Bank. N.
Y., organized under date of January 20, 1890, should have been " The
Ajusterdam City National Bank."
$158,700
Sreat Britain.
France
laneeJan.!.
Week.
.Since Jati.1.
$5,167,i79
19,000
$5,353,
$70,11*
28,732
4,019,
81.26T
34.218
44,161
92,348
1,351,
9,773^
Germany
West Indies...
ilexlco.
3,960
"9",7'99
$162,660
377,430
132,300
$5,225,110
3,607,989
2,801,928
South America
AU other countries.
15,930,
Total 1890.
Total 1889.
Total 18s8.
—
FosTORiA, Ohio. The financial
shows the following:
$25,302
5(>,8U0
88,815'
statement
of
$333,22S
364,958
540,05»
tliis
city
$4,500,000
$2,061,9898,000
The total debt of the city, including the water debt, is
The 5 per cent water bonds, to the amount of §150,§252,000.
000, were recently sold to a Cleveland banking firm.
Real value of taxable property
Assessed valuation of taxable property
Population
—
Auction Sales. The followin g were recently sold
by Messrs. Adrian H. Muller & Son
at auction
:
Sharu.
Share*.
125 PeterCooper Fire Ins.Co.
60 American L. Hi Tr. Co ... 115
170
10 Kings Co. Tr. C;).
$20 each. 162-1 65
125 Amer. Dist. Tel. Co
50 United N.J. RR. & Canal
30"a
231'4
800 Citizens' Gas Light Co. of
Cos
Brooklyn. $20 each
146 Phenlx Nat. Bank. $20 e. 137%
65
211»«
60 BufTaio Mut. Gas Lt. Co. 109
10 Bank of America
350
10 Metropolitan Gas Light
6 Hanover Nat. Bank
Co. of Brooklyn
157 Bankof the State of N.Y. 115
:
99
100 PaclHc Fire Ins. Co.
18 Wagner Palace Car Co.. 140>ft
167
62 Broadwy Fire Ins. Co.. 138ia
1 Memijership N. Y. Prod.
Ex.talldiiespaid).. .. $850
40 Greenwich B.ink
158
3 Nat. Slioe& Leather Bk. I62I9 127 Tradesmen's Nat. Bank.
$40 each 78
1 Nat. Bank of Republic.. 18 »9
Bonds.
15 State Trust Co
H4»«
100 Farmers' Loan & Tr. Co. 706
$6,000 Illinois Cent. BR Co.
115>«
l:'21. F&A
25 Ninth Avenue RR. Co... 104
5s, reg
$2,' 00 Sandusky Mans. & N.
10 Holland Trust Co
221
25 City Fire Ins Co
BR Co. 78, dueJan. 1,1909,
llOHi
112>«
151) Kings Co. Fire Ins. Co. . 107 »a
J&J..
65 N. Y. N. H. & H. RR. Co.
$1,500 Atlantic Mut. Ins. Co.
IOII4
216ia-248>i
Borlpof 1886
.
.
gimMttfl autX ^luimctal.
.-^—
Spencek Tkask &
.... m^
Co.,
BANKERS.
Nos. 16 and 18 Broad Street, New York Cltjr.
ALBANY, N. Y.: SARATOGA, N. Y: PROVIDENCE. R. I.:
Imports and Exports for the Week.— The imports of
TRANS.\CT A GEIVEK.AIj BANKING BUSINESS.
last week, compared with those of the preceding week, show
All classes of Securities Bought and Sold on Commission. Special
a decrease in dry goods and an increase in general merchan- attention jfiven to Investment Securities. Direct wli-e 10 each olfloa
dise.
The total imports were $11,343,902, against §12,287,268 and to Philadelphia, Boston and Chicago.
the preceding week and- §7,895,689 two weeks previous. The
S PECIAL NOTICES.
exports for the week ended March 18 amounted to §7,617,466
against §7,116,874 last week and §6,972,543 two weeks previous.
^^CIXT BONDS AND OTHER FIKST-CIi.ASS INVKSXThe following are the im|)orts at New York for the week ments adapted for savings' banks, trust funds, and careful InvestmenM
ending (for dry goods) March 13 and for the week ending (for of individuals are made a prominent specialty in the business of
general merchandise) March 14; also totals since the beginning Meters. Bljikb Bros. & Co., Bankers, of New York and Boston. 8«»
of the
first
week
in January.
card in the columns of the Chbosiclb.
THE CHRONICLE.
414
fVOL.
DfVIDBNDKi
40o.
Per
When
Cent.
F'-yabU.
Mar
Connecticut Kivcr (guar.)
2
NaShvUle
8t. 1» (quar.)..
T4
April
April 10 April
;..j
3>ii
Mch. 27
.,
4
April
1 .Mch.
„.;...
3
April
1
4
April 1
to
April
1
April
1
April 3 Mch. 25 to
April 15 April 1 to
April 1 Mch. 26 to
April 5 Mch. 26 to
Panama
Bunbury
& JLewiston.....^
Gbatliam 17atl6nal
(q(i4^.)
I
1
Moh. 89 to April 28
Mch. 20 to
ItoAprUll
Ught (qua*.).
& Cat.K'drs'Tr (m'llily)
Consolidated Elec.
Distillers'
Edison General Electric
Equltaljle Gas (quar.)
lAcledaGas
Sugar Trust
l-lnht,
o
(quar.)..
2
pref
•2^
(aunr.)
Prime bankers' sterling bills on Londou.. 483 »4 Sim' 4
Prime commorciaV
14 Rli4*4 81is|
Documentary commercial
481 «4 8l'4'
Paris (francs)
(guilders)
18 to
-to
5
Amsterdam
5 ;i0% 5
2m
39''8®39'
,„|
I
Bremen (reichmarksl
Frankfort or
94 'ga94»8
I
I
8634
8Qia
1938*5 18%
40iflif40^i«
95'8 a'95'4
'
Coins.—Following are quotations in gold for various coinB:
March 31
nilfK-ellHlii^'iUa.
Brooklyn Trust guar.)
Demand.
Sixty Dat/s.
21.
itieiiieivf.)
J
&
Marrh
BookM CUued,
(Day)
Rallr<-a<lti.
ClilcaKO B. T. A PHCiflc guar.).. ..
C'h&i.
per $1,000 discoftnt; Boston 15c.ra 17c. per $1,000 discoiuit.
rates of leading bankers are as follows
The
haVe rnoentlr been annoanoed
Same of Company,
;
50c.
"
"ttri following dividends
^
l^l}^ premium
New Orleans, commercial,
premium; bank, $1 premium; Charleston, buying par.
selling % premium; St. Louis. 75c. premium:
Chicago,
pir, selling
April
1
April 3
April 15
AprU
1
April
6
$4 85 1194, 90 iFlne silver bars.. —95
Napoleons
3 86 » 3 90 Five francs
X X RelchmarkB. 4 71 a 4 80 Merloan dollars.. — 74
25 Pd-etas
4 8') a 4 87
Do uaoommero'l — 74
Span. Diuihloonfl.15 56 a 15 75 Peruvian sols
70
Mex. Doubloons 15 S5 ai5 6> English silver... 4 82
Fine (told bars...
par a3,«preai. U.S. tradedollars — 76
80Tere.l(m»
7t
—
United states Bonds.
—The
Exchange have been small
in
—
9S<*
a — 95
« — 75J9
It — 75
a — 72
a 4 86
a — 78
sales of governments at the
amount, but the tone is
-WAIiL STREET. FRIDAT, March ai, 1890-5 P. M. and prices firm. The sales to the Secretary this weeksteadjr
haves
"^ft Money Market and Financial Situation.—The week amounte.l to $1,797,900, of which $1,340,850 were fours.
The
statement
for
this
week
is
as follows
lias been comparatively dull at the Stock Exchange,
and all parties seem to be waiting to get past the "First
4M P«r CmU due 1891.
4 Per Oentt due 1907.
of April period." There have been some events of more
'—-
:
or
less
Oftinnv- Pitrch'e$. Pricet paid.
importance which
and among
these
we
have affected certain stocks,
may mention the agreement be-
Batordar
MoDdar
tween the contending parties in Tennessee Coal & Iron, fol- TnMdar.."
lowed by a sharp advance in the stock of that com- WedD'aday.
Tharadar..
pany and, second to that, the Atchison rumors which PrtdST
1184.100
(212,200
10.500
£9.390
194,0(H)
I31»,20C
10,500
29.350
194 000
11,000
11,01)0
»l5-,05n
»4ST.050
;
the possible establishment of a steamship line
between San Diego, Cal., and China and Japan. This
would be an important move in Atchison affairs, and if the
line could be successfully maintained it would give a long
ian^. over the Atlantic & Pacific and Atchison roads on freight
and passengers to and from the Pacific Coast.
The Union Pacific earnings for January were quite an exception to the general rule in showing a decrease, though
Ilothing else was to be expected after the famous snow blockades in the Sierras.
The Oregon Short Line and other rail
lefer
to
Total.
The
Oferingt. Purch'o
. .
.
Prieu paid
»18»,lfl0
103«
lOSK
10
(10.300
327,100
827,100
103)<
llH,6.iO
119,fi^0
lOSH
644,OfiO
044.000
^,700
6,710
00.3
103.14
"lo"!^~
123
123
123
1S3
1X1
123
1.310,85Ctl.3in,S50
closing prices at the N. Y. Board have been as follows
Intereel
Mar.
Mnr.
Mar.
Penottg
15.
17.
18.
10312 *103i3
4123,1891
reg
4'2J. 1891. ...coup
43,
4s,
1907
1907
6s,
63,
6s,
63,
cur'cr.'95
rep
couii
res:
re jr.
car'cv.'97
reg.
cur" i^, "93.... ret?.
6s, cnr';y,'9?....res.
ctir'cy.'96
J.
J.
J.
J.
&
&
&
::
Mar
M-r.
Mar.
19.
20.
21.
*lll3i2 *XO'i^ *103i2
»103>a
* 103 la* 103 "2*10312 10 ii2 *103i2 "K 3ia
*121'»-1-21% '12178*121.^ -:21!t,|*121%
-122;'4 '1223» »122'8 *1^3"* M22% »1J2%
'116 *116 ,-116 *116 *116 '116
J.* 118
118 1*118 *1H :*118 'US
J. *120
120 j'lveo *120 '120 *120
lii3
J. *123
*123 *123 «l-.?3 *123
J.*125
12 5 i*l;:5 * 125 *12 5 *125
Toads having connections to Ogden were naturally touched by
the same causes.
But where there have been no such special' * This Is the price bid at tne moruinz board no nale was made.
State and Railroad Bonds. Business in State bonds still
xeasons for a decline rai'.road earnings are keeping up well.
The East Tennessee meeting to be held at Knoxville April continues limited at the Exchange, except for the Tenn. set.
The sales have been $5,000 Va. 63 def. trmt rects. a t 8
3s.
15 wiU be one of much interest, since the purchase of the so- $15,000 La. consol 4s at 95(0 951^—a decline of
IJ^ per cent
called Erlanger system, and also the question of selling the from last sale; and $53,000 Tenn. settlement 8s at 73^ a 74.
Railroad bonds have been without special feature during
M3mphis & Charleston stock, will both come up for considerthe week under review, and while some issues record a m odAtlon.
erate advance others havedeoUnei sjightly, transactions
The extreme dulness of the market leads to no further de- coming smaller as the week progressed. The Lou, N. Alb. be&
cline in the general list, and the situation is apparently a halt- Chic, consuls were down to 98 Wednesday, but close at
99 J^
"
ing one, in which the majority of operators are waiting for a to-day. they having been sold freely by the outs."
Rio
more settled outlook in the money market and for that Grande Western Ists have advanced to 73}^. Atchison incomes have advanced to 59 on the favorable earnings and the
stimulating influence which usually comes with a favorable reports of a possible steamship line from San
Diego to Ch ina.
opening of spring trade.
and JapaUi
The open market rates for call loans during the week on
Itaiiroa'l and Mlscellsineons Stocks.
The market hasstock and bond collaterals have ranged from 3 to 5 per cent, been affected unfavorably this week by the bad weather,
with 4 per cent as a fair average; to-day the rates were which interfered considerably with telegraphic communication the resignation of Prince Bismarck, the reduction in
3i^@4p. c. Prime commercial paper is quoted at ofa
5!^ p. c.
grain rates on the railroads, and the poor statement of tin. Pac.
The Bank of England weekly statement on Thursday showed earnings were also matters worth mentioning as rather
a gain in specie of £349,000, and the percentage of reserve to against the buoyancy of our market.
Union Pacific has been active, and on Wednesday declined
liabilities was •'il-48. against 51'03 last week; the discount rate
remains unchanged at 4 per cent. The Bank of France gained to 615^ the lowest point this year; some recovery, however,
has ti.ken place since; the argument of President Adams on
4,0i35,000 francs in gold and 3,550.000 francs in silver.
The New York Cleai-ing House banks in their statement of the Pacific Railroad bUl and the small net eaminjjs in January
March 15 showed an increase in the surplus reserve of $839,450 were the chief reasons for tliis. Oregon Short Line also
dropped from 47 on Friday last to 43 on Monday, and closes
the total surplus being $1,050,800, against $311,350.
to-day at 44. Tennessee Coal & Iron reached its lowest point
(48J^) on Monday and since then, owing to reports of "har;
—
;
—
;
—
1890
m
Capital.
Burplus
Jioans and
r.
Differ/ n*8 from
15.
1889.
3f.ir.
1888.
Mil,. 17.
$
$
60,862.700
16.
60,762, 700
53,142. 100
404,682,100 Dec.1,548,000 420,406, OOO 369,,695.400
3,5 : 9,700 Dec.
47,01 Oi
4.283, 200
7,,6.;:i.7oi
410,454.000 Dec. 35?,200 44 '^.684, 900 377,,«.J7.00
78,470,300 iLC. l,l( 4,400: 83,417, 5001 72,,798,700
25,194,000 Uec. 353.000 35.>24. 600 31..637,80(1
103.';64,300 Inc
751,400 11S,742, 100 104. 426,5jC
lO'i.oia.SOO Dec.
88,050 1 10.671, 2251 94. 414,23(1
57,86«,t:00
di.sc'ts
Circulation
Wet deposits
Bpecie
liegal tenders...
Reserve held...
l.egal reserve
flnrplns reserve
.
.
I
l,r50,8( C Inc.
83
—
,4501
8.070,875! 10.01 2.25C1
Foreign hxchiinge. The exchange market, which wasdul
early in the week, became firmer subsequently, and on Wed
nesday and again on Tbui-sday posted rates were advanced
and are now 4 83 4 83}^ and 4 86 4 86i^.
To-day the rates on actual business were as follows, viz
Bankers' 60 days' sterling, 4 %-Z%ai 82%; demand 4 85i
@4 853^. CableB4 853:^«4 80i4.
The following were the rates cf domestic exchange on \ew
York at the under-mentioned cities to-day: Savannah, buying
..
mony" in tlie management and settlement of differences with.
inman, has risen sharply, touching 54^ to-day.
The favorable statement of earnings and rumors of " good
news " to come sent Atchison to the highest price of the year
on Tuesday— 37 J^ the good news is possibly the organization
.\Ir.
:
of a
China
line of steamships to
run Irora San Diego.
Louisfurther dechned, closing
at 40 to-day, but there is so little done in the stock that it is
not of much significance. Wheeling
Lake Erie and Hint
Pere Marquettte have been prominent, the former reaching
ZQ% for the common and 73}^ for the preferred, and the latter
ville
New Albany
<fc
Chicago has
st.ll
&
&
from 29% on Monday to 33J-4 on Thursday.
Sugar Trust has been active and irregular, the varying prospects regarding the dividend alternately advancing ancl depressing the price unti' the matter was settled to-day and 2}4
advancin.s;
oer cent was declared: closing price to-day 69J^. against 67
last ^ridav.
Chicago Gas Trust has been active, fluctuating
considerably to-day from 4334 at the opening down to 41^,
and closing at 43i.^, caused by the refusal of the Supreme
Court at Chicago to grant a rehearing in the suit brought by
the State, leaving matters in statu quo. Lead closeii at 181^,
against 19 last Friday Pipe Lines 87^^, against SSJg,
;
Maech
THE CmiONICLR
33, 1890.]
8T0CK8— PRICES AT
EXCKWUE PDU WEEK EVDINU W lacn
STOCK
N. Y.
415
31, A.ND SINCE JAN,
arqHEST AND LOWEST PRICES
STOCKS,
Saturday,
March
Active iCK. NiQckK.
Atflliliton
Top.
Canadian
Bauta
ik
3fi
b'e....
72>3
Pacitiu
Cauada Bunt
54^
luru
1.3.
30 »9
73
5ji9
12OI3
March
March
J7.
36% 37%
71% 71%
55% 55»8
•119
•118% 120
Central of New Jersey
•32 U 33%
'AiiU. 33
Oentrnl raclllc
2358 24 "4
23% 23'8
Ohefeapeake &0.— Vot.Tr.cert.
50% 50%
do Istprcf.. •SaHi 61
bo
40
40 -4
Do
do '2(1 prof... *3yis 40%
Cblcago Biirlln«ioii & Qiiluoy. 107 107 "4 106% 10738
'28>3
20
29
301s
Ct)icagu iV Eaoituru Illinois...
•73% 76
"73
75
prof.
Do
.
Cbicago Milwauk£e&SC i'atil.
Do
CttioaKO
pref.
&
Northwestern
Do
pref.
St.
Louis &
pref.
8t.
Paul Min.
Do
& Oui..
pief.
Cleve. Cincin. Cblo.
& Bt.
Do
L...
prof.
2d
pref.
•
18
52'«
321a
32%
*94
71 !« 71 14
"Ji)3a 100
72
'ii2%
*;14
Illinois Central
& Western
oref
Do
Lake Shore & Mlcb. Southoru
LouKlsiand
Louisville & Naahviile
XiOuls. New Alb. & Chloago ...
Erie
19
•38
32% 32%
23% 23%
•58
•39
106%
•29
•73
119
32%
23%
23
60
61
40'4
10«t;
60
40
•.38
30%
106%
29% 30
7ti
76
106
68% 68%
•1708
03
72
2314
ll.i%
76
67% 08%
17
•50
32%
17
52%
3314
•93%
70%
-93
'21
2:~
33% 33%
9%
9%
3114
33 14
'8%
9
72
73
•23
23% "22% 23
6358
6458
•72
"8%
10038
30
76
•9814
-21
73%
11414 11458
17% 17%
64
64
7314
94%
17%
53
33
'93
....
70%
98%
22
70% 70%
21% 22
98% 98%
88
87% 87%
83% 83%
-8%
72%
22% 22%
72
•22
64
107
*86
88% •86% 88% •87
83
8358
83% 83% 84
40
40% 42% 44% 40
f06% 103% 106%
106% 107
97%
97% 97% •97
98
•92
•92
92%
95
95
111
111% 111% 113 113%
•86
8i% 83%
33% 33%
9
9
72
23
114 115%
114% 114% 115 115
173a 17% •1738 17% •17% 17%
63% 64
1
)7
•9% 10%
74 14
10% 10% io'-'io^
73% 74% 7J% 73%
73
17ij!
17 14
-17
71
39
70% 70%
3914 39%
25% 26%
62% 62%
4tf% 47%
18% I8I4
"
17% 17%
7338
15
61% 64%
107
9%
107
Do
Do
39
26
New York Lake Erie West'n
26%
65
Do
pref. '62
New York & New Eneland.... 4739 47'6
-18
New York Ontivilo & West
18%
•6%
7
New Y ork Susquebau. & W est.
7
•29
Do
pref.
30
28
•1914 20
•19%
Norfolk & Western
<Sc
Do
pref
Northern Paclflo
Do
pref
& M isslsslppi
grescon Sh. L. & Utah North..
roKon & rrans-Coutmental.
Ohio
eoig
*30'4
72^8
60%
31
72^8
20% 20%
46
46
60
31
7258
20I4
43
37
1758'
7
30
20
70
•39
25=8
70
40
9%
72% 73%
25% 25%
25%
•60
63
46%
4 0%
63
46 14
17-(4
1758
1758
6%
6%
•
•28% 30
•19% 20
60%
30% 30%
71% 72=8
60%
31%
-3
•60
2014
•20% 21
43% 44
45
91
85%
42
106%
97%
92%
113
Paul ADuIuth
Do
Paul Mlnnca. & Manitoba.
Southern Pacillc Co
& Pacific
Ann Arbor&N.
Texas
M
Union Pacinc
Wabash, new
Wabash, preferred
Wheelint? at Lake Erie
Do
do
pref.
Wi-'consin Central Co
mi«celluiieuii« Ntuckft.
ChicaKO Gas Trust
Colorado Coal & Irou
Commercial Cable Co
Consolidated Gas Co
Do
&
pref.
Navigation Co.
Pacitlc Mail
Pullman Palace Car Co
Xennessee Coal
&
II214
11238 112
27I4
41
36% 37
•18 14
20
39% 40%
20% 21
6%
7
29
28
19%
60%
31
72%
20%
43% 43%
3658 37%
•18% 20
39% 40
20% 21
37
35 14
35% 36 14
7038
7038
30
30
70
30
1
Truat Mtx'kx,
(Unlisted.)..
Cot. Oil Trust receipts.
Distillers' & Cattle F. Trust..
Amer.
National Lead Trust
Pipe Liu? cpitillcatesj
Sugar Rellneries Co
EspreHH Ntocka.
Adams
30
.
44% 44%
37% 38%
21
79
32% 33
•83
81
42% 4338
44% 45%
42% 43%
4*58
42
44
102
45
103
97
42%
45
103
108% Jan.
37 "e Jan.
88 Jan.
7i% Jap.
11734 .Mar.
112% Jan.
143% Jan.
Feb.
Feb.
l-i% Jan.
134% Jan.
30%
20
8%
395 67
100 20%
4^0 114%
793 17
7,540 62
20..
42.518
1,900
Mar.
82%
Feb.
Jan.
Jan.
10
74
24
l-.i0
19%
85
112
34%
2o
37%
62%
12%
26%
35%
72%
29%
68
110%
200
6
372 13
100 102
1,933 108
V50 16
55 70
850 36
7,400 25
200 60
Feb.
Mar.
Mar.
Feb.
Jan.
Jan.
Feb.
Feb.
Jan.
Feb.
Mar.
Jan.
71% Jan.
39% Mar.
27% Jan.
05% Jan.
49% Feb.
20% Jan.
7% Jan.
31% Jan.
2i% Jan.
63% Jan.
33% Jan.
76% Jan.
22% Jan.
59% Mar.
1,500
950 30
71%
220 20
4,813 43
18,195
20
76
3,54t>
233
813
100
50
25
500
250
104
16
36%
87%
30%
83
110%
2,0Oj
3,090
2,071
5,200
66,880
Jan.
Mar.
Mar.
Feb.
Jan.
Jan.
Jan.
Feb.
56
38%
61%
23
98
•98% 100
37% 38
•90
•98%
38
•90
94
Feb.
Jan.
Feb.
39% Feb.
96% Jan.
34% Jan.
85 Jan.
115 Jan.
35% Jan.
•22% Jan.
37% Mar.
08% Jan.
14 Jan.
29% Jan.
36% Mar.
19
Mar.
Feb.
2.>% Mar.
30% Jan.
67 Feb.
28 Feb.
73%
36%
98% 9-1%
37% 37%
liiO
38I4
193% 191% 191% 191
47% 48% 43% 47% 44
82% 83
•27
•39
27%
,
43
2738
26% 27
42
40
41%
19
88
0838
8938
6638
90=8
f-8
91
68%
661.J
69%
66%
5
134
2%
5%
19 14
48
107
250
152
151
5%
'13i)
•36
85%
156
150
85% 85 %i
538
514
135
129
5%
134
40
18% 1838
87% 89
68% 69%
^84
5%
1*129
152
115
89
140
85%
•189
26% 27%
•36
86% 8.^%
68% 69%i
150
250
1
6I4
249
6%
36% •35% 36% 35
4
*1')%
4
I
•3
249
*247
54%
lo3
88
88
1
140% 143
5
40
18%
85% 87%
69% 70%
•85
"140
156
89
145
5%
134 •129 134
2% 2%' •2% 2%
4 5% '4 5%
217
•5
20% •10U
Theee are the piloes bid and a^kedi no aaie mi»de at the Boarit.
96
•18
•15
19
19
46%
48%
107% 107% 107%
350
5
1
•247
3%
24
i Prioea tzom botb Kxohaugea,
Mar.
103
-al
178 150
145 113%
70 84
93 135
27
'23
28
8
31
26
28
8
13
7
9
3
37
21
28
28
'27
18
Mar. 20
Jan. 10
Jan.
8
97% Jan. 22
153% Jan. 10
Feb.
Jan.
Jan.
Jan.
41% Jan.
28 193 Jan.
Jan.
17I 89
18 119 Jan.
20 85% Jan.
106
48
95
101
32%
41%
Feb.
36% Mar.
16% Feb.
86% Mar.
112,482' 50
25
23
28
24
31
la
7
27
29
Jan. 4
Jan. 23
2J%Jau. 27
_
18 108 Feb. fl
Jan. 10 70% Mar. 21
Mar. 20
4
Jan.
Jan. 6
Jan. 7
156
116%
90
144
Jan. 3t
Feb. a
Jan. 31
Feb. 7
128 84 Mar 7 87 Jan. 27
410
4% Feb. 27 5% Mar. 19
129 Mar. 6 135 Jan. 24
3%Jan. 25
I
4% Jan.
210|
15
5
330 48
40 93
214%
250
5
Feb.
Feb.
x8i%Mar.
[
^,"S.'.
Mar.
Mar.
43% Mar.
I
6% 6%
6% •'!% 6%' 6% 6%
36% *35% 36% •35% 30% •35% 36%
•3
36%
187
2411
39,5t>9
6801
8,872
84
5%
400 97%
2,600
2,340!
300|
1 3.521
115% 115% •113% 115%
84
5%'
134
li9
250
37%
189
90
81%
150
155
97
99
26% 27%
3ii
18
40
18% 18%
•2% 258 •2% 258 ^2% 258!
•4%
5%
6% 5%
4% 4%|
•18% I914 •18% 19% '17% 18%' '18
•46% 47% 46
*45% 46%
46
106% 106% 104 107% 106% 106% 104
'245
6I4
•6
5%
20I4
191
47
99
115 117
115 117
115
-86
88% 88% 89
89
'140 145
143% 143% 140
8'=%
37=8
83%
1838
8658
85%
192
97
99
27%
18% 19%
151
37
189
45
97
93
98
37% 37% 37
•93
•98
2738
90
83
18% 19%
156
117
89
141
96
99
191% 189
51% 51
54% 53%
99
99
105 10&
82% 83 x81% 87
81%
82% 83%
2658
•39
•93
-97
9
25
29
28
48% Jan. 28
51% Feb. 8
4258
10,;%
I
100
1
4
2
Mar. 21
Jan. 27
108%
1
-93
a
21
29
29
Jan.
80
Jan.
Feb.
Jan.
Jan.
Feb.
Mar.
Jan.
Feb.
910 12
1,2,;5
17
43% Feb. 7
23% Jan. 30
2 1% Mar.
19% Feb.
30% Jan.
1.800
12,985
7,100
15
108% Mar. 14
18% Jan. '27
610
6% Mar.
50 27 Feb.
200 19% Mar.
16,430
8
29
10
Jan. 23
Jan. 23
1134 Jan. 4
12% Feb. «
76 '4 Jan. '2/
18% Jan. 23
104 Feb. I
17% Mar.
3,(192
17
104
117
43% J
17.232
Jan. '28
Feb. 13
Feb. 7
Jan. 81
Feb.
1
Jan. 81
107% Mar.
91% Jan.
91% Jan.
54% Mar.
109% Mar.
98% .Mar.
37
7.201; 100
5,213 92 Mar.
20 91% Mar.
l;i9
Feb.
Jan.
Jan.
Jan.
138% Jan. 9
36% Jan. 29
Mar.
Feb.
Jan.
Jaiu
Mar.
Feb.
86
3
26
27
27
97%
29
73%
100 Mar. 13
23% Jan. 25
53
35
719 06
2,211
47,605
2,388
2
9
9
27
27
27
48
13
27
98% Jan. 4i
18% Feb. 20
66%
e.i'ii
3
4
Jan.
27% Jan.
65% Jan.
45% Jan.
200 43% Jan.
765 31 Mar.
92 Feb.
33%
-18% 20
16%
39% 40% 7in"36 35%
'77%
35
Feb.
Feb.
Feb.
Feb.
43% 41% 43% 20,110 41 % Mar.
4.')%
9,053! 39% Jan.
43% 44% 44
250 102 Jan.
102% 102 103
9014 96 14
80O i'2 Jan.
96% 96% 96%
96% 96% 90% 9i)% 96% 96%
1,121 147 Jan.
148% 149% 148 14914 148% 148% 148% 148% 149 149
149 149%
105 lo5
1,147 92% Peo.
105% 105% 105 105
101% 106
104% 105
104% 105
47
315 43% Mar.
47
45
45
46% 46% •46% 46% 45
47
45% 45%
42% 43
4558 45%
150
American
115
United States
•85
Wells. Fargo & Co
141
liiMcllve St4»ekH.
American Telegraph & Cable.
Atlantic &Paciflc
Chicago & Alton
129
Olo. Waah. & Bait.— Trust rec.
•2%
Do
pref.— Trust rec.
•1%
Columbus & Hocking Coal
•18%
Denver & Rio Grande, pref
•46%
Evanavilie & lerre Haute
103
New Y'ork New Hav. & Hart 246
Quicksilver Mining Co
•6
Do
do
•35%
pref
Bt. rx)ul3 Ark. & Texas
•3%
Texas A Pacjin LanrtTniat!! •IQi..
.
27 '4
35% 36%
69% 70%
29% 29 le
70=8
30% 31
72% 72%
19% 20%
112% 112% 112% 112
33% 34
336g 34
34
•19%
19% 19% 1!'% 20
37
3738
3738 37%
37%
6158 62 4
62% 62% 62%
1238 1238 12% 13
12%
26% ^658 2n-58 26% 26%
35
35% 3538 35% 35%
69% 71% 71% 73% 71%
29% 29% 29% 2d% 29%
82% 63%
12% 12%
26=8
10%
60% 60%
1G5 105%
18% 18% •17% 18% •17% 18%
38% 38% •37% 38% •37% 38%
•88
89% '8i
89%
112% 112
3738
7
29
•19
21
•78
•77% 79
79
10438 105% 105 105
84
34
2714
35
84
34%
19% 20%
34% 34%
19% 2UI4
37
37%
6258 63%
12% 13
191
ron
Do
do
pief.
Western Union Telegraph
*
112% 112
34% 34%
20
20%
36% 37%
63% 63%
•12% 1314
27% 27%
102% 103% 102% 102% 102
Delaware & Ilud.son Canal...
Edison General Electric
Oregon Improvement Co
Oregon R'y
•6%
•28
70%
39%
25%
45% 46%
17% 17%
32% 33
84
pref
Bt.
Tol.
7
28
17%
•60
46% 46%
17-s 17%
19% 19% •19
60% 61.38 -60
30
30% •30
71% 72
72
•.;0% 20%
•19%
43
37% 37%
37% 3714 3758
•18% 20
•18% 2V
Peoria Decatur At Evausville. '18% 20
Phila.& Head. Vot. Trust. Cert
39% 40=8 4014 41% 40>4 40%
Blchmoudi&West P't Terminal 20% 21
21
21% 21
21%
*77% 79
•77% 79
Do
78%
pref
78
Watertown
104
105
10
105
Eome
& OEdensbg
105
105
'18
•17
•17
19
18
19
St. Louis & San Francisco
38%
Do
pref. *38
38% •37% 38% -38
•88
Do
let pref. •88
88
88
89%
....
Bt.
-6%
28
25% 25%
60
127% Jan.
Mar.
590 ill3%.Inn.
9,124 J07 Feb.
I61I 140
F(^b.
17,733 88% Feb.
100 15% Jan.
230
10% 10%
9%
72% 73% 29,025 70%
17%
70%
39%
25%
17% •17
17%
•70% 70% •70% 70%
3958 39=8 •39% 40
4638
17=8
1
37%
189a
37% Mar. 18
77% Jan. 15
50% Jan. »3
.Tan.
610 7 % Mar.
0,450 52 H Feb.
1,500 115% Feb.
50 32 % .Mar.
2,033 •22% Feb.
36.; 5-*
Mar.
023
1,
HIgtaeat.
64%
Mar.
107% 22,409 104% Jan.
".3
•15
*15
16
16
15
16
15
15
15
1014
Mobile i: Ohio
Nashv.CbattanooKa&St. Louis *i02>4 IO314 102 14 IO3I4 '102% 103 14 '102% 103% 102 IO314 103% 103%
New York Central & Hud.sou. XIO7I2I0712 107% 107% 107% 10714, 107 107 106% 107 '4
<SSt. Louis.
1st pref.
2d pref.
30%
50,812
I
32% 32%
72
'22% 23
72
Loweat.
.Shares.
11,217 101%
30% 30% i,a»o 26%
1211 70
76
77%
68% 68% 34,056 66%
30
76
117
11038 111% 110% 111
142 142
141
142
•93
7038
Week,
106% 106% 107%
68% 68%
116%116% 116
•,%
8418
171a
*70is
120% 120% 121%
32% •31% 32%
22% 22%
22% 23
60
60
58% 59
39
39% 39% 39
•32
9
88
New York Chic.
22
32% 33 14
83=8
"48
74
70%
99%
99»8
'20»8
•86
11
....
70
7114
99 14 99%
107% 107% 106% 107 14 lo6%
*I0l4
120
36% 37%
72%
54% 54%
•72
'
loei* 10739
trust receipts.
Uisaourl Faciflc
36% 37%
71% 71%
54% 55
21.
135% 136% 135% 135% 134% 135% 13J% 135% 136% 136%
114% ni3%114%
181,
17% 18
03 °8
Mirch
20.
94
18
•93
71% 71%
97% 09%
21% 22
110%
March
Friday,
189a
Bonge Since Jan.
Male*
of the
Thursday,
92% 93
92% 93% 93%
-10% 17% '16% 17
17
16%
50% 50%
52% 50% 50% •50
•31%
•31% 33
32% 32% •31% 33
93%
93% 94
47
47
47
45
50
Uaubat.au Eicvated, cou^ol,. 107% IO914 Xl07i8l07% 106% 107%
98
9614 97iai 97% 98%
98
Michigan Central
*00
•91
•92
95
95
Milwaukee Lake Sh. & West.
113 113%
113 Ull 113
pref. *111
Do
8
8
8
Uissourl Kansas & Texas
8
Do
71«8 T158
54% 55
142
W
Lialf e
36% 86%
37'h
72%
55%
llOSgUl's llOOellOTs 110% llO^i 110
141
142 142 •141 14214 141% 142
2038 ^O^e
Delaware LacKawanna tisWosl 13fi7al36i8
33
33 ij
..assented
Deuv. Tex. ct Ft.
9I4
*8'8
E»8t Teuuessee Va. & Oa
1st pref.
55
116
ColumbusIIockingVal. &Tol.
Do
Do
«8% 69%
116% 117
36%
•72
.March 19.
LS.
116% 116
n7
Piitabtirx.
Do
Cbtoago
«9%
ll?**!
93% 94 '8
Chloa)n> Rock Island & PaclUc.
ClUoago
ti8''8
117'a
Wednesday.
Tuesday.
Monday.
1,
400
6
I
35%
100'
fi^n
x £x dividend.
1
31
3% Jan.
6% Jan.
13
14
Jan. 10; 30
Jan 3/
Mar. 11'
51%
Feb.
Jan. 17 108%
Jan. 10 252
7%
Feb. •25;
Feb.
l! 39%
Feb
3
Mar.
<\
M-,.iv
4|
7%
I
Feb.
Jan.
Feb.
Jan.
Tan.
,
THE CHROMOLR
416
INACTITE 8T0C KS— ^notations
Bid. (Ask.
1
Alb'nr&Snsq.! 160 '170
Bell.&eo.IlI.pf 100
do.
pref.
Burl.C.K.<S,No.
F. <t M.
30
77
35
3
6
I54I2I57
Cl.&Pltt8.^1..
Denv. & Rlo.Gr
esM. &Ft. D.
esM.&F.D.pf
*
Ellz.Lex.&B.8t
15
5
18
15
'
7
25
30
3
Iowa Cent
do
8
pref.
23
,Keok.&De8M.
3
g
1
pref.
do.
Kings. APcnib
Mahon'g C. R'y
Man. Beach...
8
M11W.& North.
4
100
10
28
9
16
Minn. &8t. L.
pref.
do
eifli
97
16
60
Mar.H.&Ont'n
10
Bailboad and Miscel. Bonus.
J/ar.21 jlfor.l4
9738
98
2d, 58, 1913....:
Centralof N. J.-Con8.78, 1899. 120
127
Convert. 78, 1902
General mort., 5s, 1987
Leh.& W.B.. con. 78, 1900,as'nt
do. Mortgage, 58, 1912
Am. DockiSi Imp., 58, 1921...
Central Paciflc— Gold 68, 1898.
6s,
1890
& Ohio.— Mort.
b.
b.
]
LoweeL
Mar.
Feb
Jan.
Feb.
Jan.
Mar.
Mar.
I2412 Jan.
110i4Jan.
b, 113
Mar.
103 Jan.
10912a 1071a Jan.
116 lab 112 Jan.
101% Jan.
11712a. 115i2Jan.
IOOI3 100 Mar.
108 b. 110 Jan.
127 b. 126 Jan.
104 b, 104 Feb.
94 b. 92''8 Feb.
9:2%
92 Jan.
1161s 1161a Feb.
118 Feb.
96 b. 95 Feb.
90% Jan.
127
12408 Jan.
114 b. 1131a Mar.
1141a 113 Jan.
106i4b, 1051a Jan.
10214b, 102 14 Jan.
103>4b, 103
Jan.
103iab 103 Mar.
:141 b 142
Feb.
127 b 126 Mar.
116%b 1151a Jan.
'-
109
116
I).
102781).
1927
97
120
b.
92 %b
.
Chic. & E. 111.— Ist, 8. f., 68, 1907 116%b
118 b
Consol. 6s, 1934
General consol. l8t, 58, 1937.. 9512b
92i8b
Ist,
g,58,1937
Chic. Gas. L. &
Chic. Mil. & St. P.— Con. 78, 1905 127i2b
C—
114 b
Ist, SouthwestDlv.— 68,1909.
Ist, So. Min. Uiv.— 68, 1910 ..
1st, Ch.&Pac.W.Dlv.— 58,1921
II414
loei^a
Chic. &Mo.Riv. Div.— 58,1926 10238b,
Minn. Div.— 5s, 1921 .. lOS^b,
Wis.
103>2b
Terminal 58,1914
Chic. & N. W.— Consol. 78, 1915. 142 b
Gold, 78, 1902
1277e
116%b
Blnkuig f und 63, 1929
108 "sb 108 %b
Sinking fund 5s, 1929
5s,
1933
111
b 110%b
Sinking fund debent.
25-year debenture 5s, 1909... 107is 107%b
96 b
Extentiou 48, 1926
Chic.Peo. &St.L.— Gld.5s,1928 94 b. 94 b.
Chic.R.I.&Pac— 68,coup.,1917 129 b. 130 b.
105
10476
Extension & col. 53, 1934
Ch.St.L.A Pitt.— lst,cou.5s,1932 104 b.l
Chic.8t.P.M.&0.-Con.68,1930 121
12114b.
94
Cleve. & Canton- Ist, 5s, 1917.
C. C. C. & I.— Consol. 7s, 1914.. 132 b. 135 a.
General consol. 6s. 1934
104
Col. Coal & Iron— 1st 6s, 1900.. 1031a
Col. H. Val. &T0I.— Con. 5s, 1931 75 b. 74%
76
General gold, 6s, 1904
74
118i«b.
Denver & Kio Gr.— 1st, 76, 1900
78I4
78%
Ist consol. 4s, 1936
Det. B. C. & Alp.— l8t.s.,6s, 1913 100 a. 99
Det. Mac. & M.— Ld.gr.3ia8, 1911 36 b. 36i2b.
Dul. So. Sh.& Atl.— g., 58, 1937. 9312b. 94
106
E. Tenn. V. & G.— Con., 5s, 1956 106
Knoxv. & O — lst,63,gold,1925 lll%a. llOiab.
Eliz. Lex. & BlgSau.—68, 1902. 95 lab. 96 13
Ist, 68, 1921 lOo^i
106 14
Ft. W. & Denv.
Gal H.&SanAnt.—W.Div.lst,5s 94 b. 94»8
Gulf Col. & San. Fe— Ist, 7s,1909 117 b. 116i2b.
76i8b 76 b
Gold, 68, 1923
Han. & St. Jos.— Cons. 6s, 1911 117 b. 116 b.
1952 101 %b. 10112b.
Illinois Central— 48
Int. & Gt. No.— 1st, 68, gold, 1919 11114b. 111 b.
Coupon, 68, 1909
75 b. 75 b.
85i2b. 8512
lo-H-aCeutral- Ist os, 1938
Cent.Gold
Kentucky
4, 1987.
85
Kings Co.El.— l8t,8er. A, 5s,1925 105
105 a.
1919 81%
Laclede Gas— 1st, 58
821a
L. Erie & West.— Ist, g., 5s, 1937 110
112 a.
Lake Shore.-Cou.cp.,lst,7s,1900
125 b.
Consol. coup., 2a, 78, 1903
125 b. 124%b.
Iiong Island— Ist, con., 5s, 1931 114 a.
General mort., 48, 1938
96 b. 96 b.
lioulsv. & Nashv.- Con., 7s, 1898 118i2b. llSiab,
N. O. & Mob.— Ist, 68, 1930. 118 b. 118 b,
2d, 6s, 1930
do.
109=8b. 10958b.
E. H. & N.— 1st, 68, 1919
114 b. 11412b.
General, 68, 1930
11412b. 115 b.
Trust Bonds, 6s, 1922
llOisb. llOigb.
50-year 58, 1937
109iaa.
CoUat. trust 58, 1931
107 laa.
liOUls. N. A. &Ch.— 1st, 68, 1916 115 b. 114 b.
Consol., gold, 68, 1916
99 14 101 la
Louis. South., Ist g. 68. .1917 92
lyOuis.St.L.it Tex.,l8t g.68. 1 917 97%b. 98
Metro. Elevated— Ist, 68, 1908 11414b. 1131a
2d, 68, 1899
108 la 108
Mich. Cent.— 1st, con., 78, 1902. 126iab. 128 a.
Consol., 58,1902
llliaa.
MU. Lake Sh. & W.— Ist, 6s, 1921 122 b. 122i2b.
Conv. debenture, 5s, 1907
100 b. 101%a.
Exten. (SIuip. 8.f.,5s, 1929... lOliab. 101 %b.
MUw. & North.— M. L., 6s, 1910. 11114b. nii4b.
Ist, Con., 6s, 1913
109%b. 10912
Mo.K.&T.—Coi). ,68,1920, tr.rec. 75 b. 751a
<S;
C—
i
.
106% Mar
109
911a
I2914
1041a
100
I2OI2
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
92 la Mar.
132 12 Mar.
II714 Fob.
103 Mar.
73
73
Mar.
Mar.
llSifiJan.
761a Jan.
99
36
Mar.
Jan.
Jan.
1031a Jan.
108 la Jan.
92
95
Mar.
IO312 Feb.
93 14 Feb.
114 Sj. Jan.
7418 Jan.
11738 Mar.
100% Jan.
IO914 Jan.
7314 Jan.
85 Jan.
84 Jan.
104 Jan.
811a Mar.
110 Feb.
124 Jan.
123% Jan.
115% Mar.
971a Jan.
Jan.
II514 Jan.
106 Jan.
113 Jan.
113 Jan.
1091a Jan.
ICWia Jan.
104% Jan.
1141a Jan.
115
|
8
13i«
153
25
15
1
155
28
pref.
do
StL.Alt.&T.H.
1
"4" prioa asleep;
all
421a' Hack'ns'kWat.
43
do.
pref.
401s
Laclede Cfas.
15
• 6OI2'
Mary'd. Coal..
13
78
Ontario Silver • 41
16V 17 Penn. Coal.... 280
Utica&Bl.Eiv. 135 150
Ph.Nat.GasCo.
64
46
4712 Postal Tel. Co. * 30
Va. Midland...
1
Range
Lowest.
103
103%
98
79
b.
7212
. .
R.W.&Ogd.— Con.,ext,5s, 1922
11214b.
105i8b.
llliab.
10812b.
2d, mort., pref., 7s, 1894
St.L.Ark.&Tex.- lst,6s,excoup. 87ia
23'ab.
2d,6s,1936
St. L. & iron Mt.— Ist, 7s, 1892. 104^b.
& Gr. Isl.— l8t, 68, 1925.
& T. H.— l8t, 78, 1894
St. Jos.
St. L. Alt.
'
llOHMar.
104
Jan.
I3114 Feb.
112 Feb.
12778 Jan.
97 Jan.
115 Jan.
13412 Feb.
lllia Feb.
13912 Jan.
II014 Mar.
1221a Jan.
1021a Jan.
113% Feb.
98 Jan.
99 Jan.
118 Feb.
96I4 Mar
11558 Mar.
1141a Feb.
111 Jan.
IO8I9 Feb.
109 Feb.
841a Feb.
11538 Mar.
110
55
1
99
78
70
111 lab.
105
llliab,
lOSSsb.
87 %b.
254
10458b,
Jan.
107
101 14
loeia
10114b, IOOI2
10412b. 104iab, 10258
91 b. 921a
88
112iab. 11212b '11214
112iab. 1121a
II212
112iab. II212
11238
i
General nlbrt., 68, 1931
109 14
P. M. & M.— Dak.Ext., 68, 1910 119 b.
ill77e
II714 117 b. 115%
Istconsol., 6s, 1933
Do
reduced to 4ias
102 a. 100
87i2b. 861a
MontanaExt. Ist, 4s, 1937 ... 88 12
SanA.&Aran.P.- lst,g.,68,1910 86 b. 87
85
87 a. 867e
l8t, gold, 68 1926
119 b.
Shen. Val.— 1 st, 78, 1909, Tr. rec. 122
54
5414
General 6s, 1921, Trust rec.
80. Car.— 1st, 6s, 1920, ex coup. 96 lab.
.
Income, 6s, 1931
Pac, Ariz.— Ist, 6s, 1909-10.
Pac, Cal.— Ist, 6s, 1905-12..
1st, con.sol., gold, 53, 1938
So. Pac, N.ia.-lst, 63.1911 ...
iTeun. C. I. & Ry.—Ten. D., 1st, 63
Birm. Div., l8t, 6s, 1917
80.
So.
& Pac— Ist, gold, 5s, 2000
2d, gold, income, 58, 2000
N. M.— 1st, 68, 1924
Tol. A. A.
Tex.
ifc
Tol. A.
:Tol.«Si
A.& Gr. Tr.— 1st, 68, 1921
Ohio Cent.— 1st,
Tol. Peo.
Tol. St. L.
5s,
1935
& West.— Ist, 4s, 1917..
& Kau.C— lst,68,1916
Union Paciflc— Ist,
6s, -1899
Sinking fund, Ss, 1893
Kansas Pacific- 1st, 68, 1895
1896
Denver Div.— 6s, 1899
l8t consol., 6s, 1919
Oreg. Short Liue— Ist, 68, 1922
Or. 8. L. * Utah N.— Cou.5s,1919
Union Eiova.— 1st, gu. 6s, 1937
Virginia Mid.— Gen. m., 5s, 1936
do
stamped guar.
Ist, 68,
Wabash— Ist,
Debent.
RI.,
931a
...
SOiaa, "85"bl
b.
10310
81
47
West Shore- Guar., 4s
b.
West. N. Y. & Pa.— 1st, 5,
31i8b.
2d mort.. 3g., 58C, 1927
West. Un. Tel.—Col. tr., 5s, 1938 100
Wheel. * Lake E.— 1st, 5s, 1926
98i8b,
5838b.
98 14
Income,
Co.— Ist,
5s,
1937
g., 5s,
1937.
85%
1
Feb. '1191a Mar.
9914b.
other prioea aul tharanse are from actual sales
1107
lll5
107
85
87
47
Feb.
Jan,
Jan.
Jan.
103i4Mar.
104% Jan,
11031a Jan,
I
9278 Feb.
4078 Feb.
107% Jan.
IIOI2 Jan,
10358 Mar.
78
Mar.
101
118
11613
112
Jan.
Mar.
Feb.
Jan,
llSisMar,
117% Mar,
118
.Mar.
Mar.
Mar.
Mar.
:
jMar.
IO414 Jan.
9214 Jan.
29 Jan.
Mar.
Mar,
110758 Mar.
112% Mar.
Jan.
8OI4 Feb.
95 lab.
31 b.
.59 14
55
99
9
48
96
102
b.
Jan.
Jan. 120 Jan.
Feb. il02i9 Feb.
Jan.
891a Jan.
87% Feb.
J an.
89 Feb.
Jau.
113%Jan. 122
93 14
'J312
105i«
Wis. Cent.
b.
85 12
81
47
105
1937. 96
5s, 1939
series B, 1939
113
10712b. 10714
gold, 5s, 1939.... 103I2
2d mort. gold,
,
b.
701a Feb.
40
117% Mar.
Jan. 101% Feb.
Jan. 10513 Mar.
92i2Mar.
Jan.
Feb. 113 Jan.
Jan. 111314 Jan.
Mar. a 13 Jan.
Feb. 112 Jan.
Jan.
Jau.
9 a.
9 a.
712 Jan.
105% Feb.
114 b. 115 Jan.
102iab. 103
101 la Jan.
107 b. 107 b. 107 Jau.
100 la 100 a. 97 Jan.
100
100 a. 981a Jau.
92
91^8
9058 Jan.
3838
38
37% Feb.
10614a.
105 Jan.
112 a.
107 Jan.
10312b. 103 b. 102
Jan.
78 b. 77%
76 Jan.
99 14 100 a, 98 Feb.
II8I2 118 b. 115 Jan.
112i«b. 1121a
1121a Mar.
1105eb. ilO%b..110% Mar.
112 b. lll'sb. 110 Jan.
11412b, 117 a. 1 13 Jan.
116i2b. 11458 Jan.
118
113
'
'
. .
'
Mar.
Jan.
761a Jan.
IO414 Mar.
113 Jan.
10418 Mar.
106H! Mar.
91i4Feb.
981a Mar. 103 Jan.
77 Mar. 81 14 Feb.
69 7e Mar. 73 Jan.
110 Jan. 112 Feb.
104% Jan. 106 Feb.
llOiaJan. II214 Mar.
106 Mar. 111 Jan.
91 Jan.
861a Mar.
23 la Mar. 29 Jan.
104 Feb. 108 Jan.
1107
Mar. 109>4Feb.
8.
I
1890.
109 lab. 108% Jan. llOHMar.
104 a. 104 a. 101 Jau. 104 Feb.
100 b. 102%a. 101 1« Jau. 1061a Mar.
66
66 b. 66 Mar. 7212 Jan
83ia
8212
87 Jan
801a Mar.
66
66
62 Mar. 801a Jan.
46I4
4713
54% Jan.
431a Mar.
3914b. 38
36 Mar. 49 Jan.
81
80
8218 Jan.
80 Feb.
Rich.& W.P. Ter.— Trust 68, 1897
Con. 1st & col. tnist, 5s, 1914
Rio G. Western— 1st, 4s. .1939
2dmort.,78, 1897
Cairo & Fulton— Ist, 78, 1891
CairoArk. &Tex.— l8t,78,1897
Gen. R'y &. land gr., 5s, 1931
St. L. & San Fr.— 68, CI. A, 1906
68, Class B, 1906
68, Class C, 1906
1,
HighetU
1
102 14 Jan.
10314b.
lOOiab.i 1061a
IIOI4
Rich. & All.— l8t,78,Drexel cert. 69%
69%
681a Jan.
2d mort., 68, 1916, Drexel cert. 38 "ib. 38i4b. 37 Feb.
Rich. & Dauv.— Con., 6s, 1915 . 116 b. 117isa. II512 Jan.
90
88I2 Jan.
Consol. gold, 5s, 1936
91
1
"34
einet Jan. 1.
St.
Consol., 58, 1925
Oregon & Transcon'I- 6s, 1922.
Penn. Co.—4ia.s, coupon, 1921..
Peo. Dec. & Evans.— lst,6a, 1920
Evansv. Div.— 1st, 6s, 1920.
2d mort., 5s. 1927
Phlla. & Head.— Gen. 4s, 1958.
Ist pref. income 5s, 1958
2dpref. income 58, 1958
3dpref. lacome5s, 1958
Pittsb. & West.— 1st, g., 4s, 1917
'
si'o
i
L.— Ist, 4s, 1937.. 76i2a. 76iab. 7312 Jan.
Oregon Imp. Co.— 1st, 68, 1910. 104 a. 104 b. 101 12 Jan.
109isb. 109 Feb.
Ore. R. &Nav. Co.— Ist, 6s, 1909 110
I
17
15
.
. .
Omaha &
4
100
100
j
125
.
llliaMar.
.
24
3
I
1021a Jan.
118 Feb.
101% Jan.
1131a Jan.
127 Jan.
105 Jan.
95 Jan.
94 Feb.
118 Jan.
1211a Jan.
100 Jan.
94% Jan.
I2-I2 Mar.
114% Jan.
117 Jan.
108 Feb.
10278 Feb.
103% Feb.
105 Jan.
144 Jan.
128 Mar.
117 Feb.
IIOI2 Feb.
111%
81
221a
afar.21iJfar.l4[
75 Mar.
110 Feb.
100 Jan.
122 Jan.
128 Feb.
112 Jan.
116 Jan.
104i8Mar.
110 Feb.
116% Mar.
106
110
119
79
ConRol.CoalCo.
Nash.Ch.A 8t.L.— Con. 58, 1928 109 b. 109 b. 106% Jan.
N. \. Central— Extend., 58, 1893 104
10378b. IO314 Jan.
N. Y. C. & H.— lst,cp.,7s, 1903 131iab.
130 14 Jan.
Deb'nt're, os, coup., '84,1904 IIII4
110 Mar.
N.Y.&Harlom- lst.78,reg.,l900 126 b. 126 b. 125 12 Jan.
N. Y. Chic. & St. L.— Ist, 4s, 1937 96ie
96 b. 931a Jan.
N. Y. Elevated— l8t, 7s, 1906.
1131a 113 b. 113 la Mar.
N. Y. Lack. & W.— Ist, 6s, 1921. 133 b. 133 b. 1321a Jan.
110 b. 110 b. lllia Feb.
Cons-ruction, Ss, 1923
N.Y. L.E. & W.— lst,con.7s,1920 134 b.
1361a Mar.
IIOI4 110 b. IO8I2 Jan.
Long Dock, 78,1893
122 b. 122 b. 120 Jan.
Consol. 6s, 1935
101 14 IOII4 106 13 Jan.
2d consol. 6s, 1969
N. Y. Out. & W.— Ist, 68, 1914. 11078
llOiab. 11038 Mar.
97 a. 97
Consol. Ist, g. 58, 1939
96 Mar.
N. Y. Sus. & W.— 1st ref., 58, 1937 97 b. 97 b. 97
Mar.
Midland of N. J.— Ist, 6s, 1910 116 b.
115 Jan.
Norf. & W.— 100-year 58. ..1990 95 lab 95 b. 95
Mar.
115
North. Pac— Ist, coup., 68, 1921 11478
113% Jan.
II313 11412a, 112 Mar.
General, 2d, coup., 1933
llOiaa. 109%b. 10914 Jan.
General, 3d, coup. 68, 1937
North Pac.&Mon.— Ist, 68, 1938 I05I2 105 b. IO414 Mar.
No. Pac. Ter. Co.— Ist, 68, 1933. 10878b. 109 b. 106 Jan.
3313
Ohio Ind. &. West— 1st, 58, rec.
8214 Jan.
831a
Ohio & Miss.- Consol., 78, 1898. 115 b. 11514b. 11468 Feb.
Ohio Soutnem— 1st, 6s, 1921 ... 110
107 a. 108 Jan.
47 b.
2d, income, 68, 1921
481a Mar.
15^ Mar.
Ask.
54
Cameron CoaL
Colorado Fuel.
RAiutOAD AKD Miscel. Bonds.
841a Jan.
59^8 Mar.
9978 Feb.
95 Feb.
131 Feb.
10578 Feb.
IO412 Mar.
122i2Jan.
97 Jan.
135 Feb.
119 Feb.
108 Jan.
79 Jan.
77 Jan.
119 Feb.
79 Feb.
100 Jan.
38 Jan.
94 Mar.
IO6I4 Feb.
112 Mar.
Iu4 Jan.
10638 Mar.
94% Mar.
120 Feb.
7714 Feb.
121 Feb.
10214 Mar.
112 Jan.
77 Feb.
87% Feb.
85 Jau.
105 Jan.
87 Jan.
112 Feb.
126 Jan.
125 Jan.
117i4Jan.
99 Jan.
119 Jan.
1181a Mar.
llOia Feb.
II412 Mar.
1151a Feb.
24
18
38
110
do.
pref.
Tol. & 0. Cent.
do.
pref.
Tol. Peor. & W.
Highest.
Feb.
Jan.
Feb.
Feb.
98 Mar. 105 Jan.
92 Mar. 1041a Jau.
9714 Feb. 101 Jan.
112 Jan. II414 Mar.
105^8 Feb. 1081a Jan.
126 Jan. 128 Jan.
111 Jjn. 1 Ilia Mar.
121 Feb. 12314 Jan.
101% Jan. 104% Jan.
101
Jan. 105 14 Jau.
IIOI4 Feb. lllia Feb.
108^ Feb. 109% Mar.
76 Mar.
721a Jan.
Consol., 58, 1920, trust rec
64 lab. 641a
6112 Jan.
66 Feb.
Con., 7s, 1904-5-6
114% 114''6 110% Jan. 11478 Mar.
Mo. Pacific— 1st, con., 68, 1920. 11114b 11114b. 10938 Jan. lllia Mar.
3d, 78, 1906
116 b. 11618 II412 Jan. 115 Jan.
Pac. of Mo.— Ist, ext., 48, 1938 98%
98 b. 98% Jan. lOlieJau.
2dmort.,7s, 1891
101 14 Jan 103 Mar.
Mobile & Ohio—New, 6s. 1927..'ll5i2b.li'l5i2b, 115% Jan. II6I2 Feb.
General mort., 4s, 1938
58 b., 58 b. 5714 Jan.
65 la Jan.
MutualUn. Tel.— S. f., 63, 1911.'100 b.ilOO b. 101 Jan. IO214 Feb.
Nash. Oh. & St. L.— Ist, 7a. 1913 132i2h. 132i2b. 13214 Jan. 133 Jan.
HoiB—The letter "b"ludioat63 price 6id, and
1
250
24
'CahabaCoal...
Otonng.
105% Jan. 108 la Feb.
96
1
ei9
22
17
Klch;&AIl.tr.r.
Rio Gr. West..
Bid.
j(
STOCK EXCHANGE, ANB RANGE SINCE JAN,
N, Y.
since Jan. 1.
113
1131a
68,1911.. 115
4s,
b.
a.
lllk
IIIM
100
Ist consol. 58, 1939
Ches. O. &80. W.-68, 1911
Chic Burl. & Q.— Con. 7, 1903.. 127 b
104i2b.
Debenture 58, 1913
93 b.
Denver Division, 48, 1922
Nebraska Extension
120
129
15
18
pref.
Pitts. Ft. W.&C,
Pitts. AW.tr.rel
15
81«a
At.Top.&S.Fe.-lOO-y'r 48,1989 8414
831s
57%
1989 59
5418
100-year income 58
12
Atl. & Vac— W. D. inc., 68, 1910 1414b. 1408
73i2b. 74 b. 701a
Guar., 48, 1937
Can South.— 1st guar., 58, 1908 logia lOSifl 107
Land grant
Ask.
Bid.
&W. pref * S7I3'
Kenns. & Sara. 176 185
Pitts.
1
lOhlo Southern.
!
Xange
Oloting,
6I2
13»a
:OhioInd.&\V'n
do
i
91
55
N.Y.&Nor.pf.
SM
•
*
87
60
N.Y.Lack.&W
N.Y.N. H.&H. 247
BONDS— LATEST PRICES OF ACTIYE BONDS AT
Ches.
Indicates actual sales.)
1
31%' 33»e !M.H.<tO.,pref.
*
ni.C.leasedrs.
1
76'2|
Cedar
&P.Mara
G.BayW.iSt.P
Houg.&Tex.C.
1
(*
Ask.
Bid.
1
1
j
Flint
i
Bo8.AlrLine,pf "103
Buff.E.&Pltts. * 20
contlnned.
Bid. jAsk.
1
1
fvoL. r*
;
!
99
105
96
Mar.
33%
Feb.
Jan.
Jan.
Mar. 1021s
Jan. 1051a
9678 Jan.
991a
69
551a Mar.
1
I
Mar,
11614 Jan.
95 14 Jan,
10818 Jan,
871a Feb.
881a Jan.
103% Jan.
8618 Jan,
53 Jan.
1051a Feb,
Mar.
Jan,
March
THE CHRONICLE
38» 1890.J
417
B9NDS-ST0CK EXCHANGE QUOTATIONS ON FRIDAI OF THE LESS ACTIVE RAILROAD BONDST
SECUEirrEs.
Ask.
Bid.
SECURITIEB.
E. Tenn. Va.
Railroad Bonds.
f Slock Exehanoe I'ricet.)
Atlantic & Danv.— lat (?., 68.. 1917
& Piic— iid W. 1)., m- Bs.1907
Bait. & Ohio— 1st, Gs, Park B. 1919
Atl.
1936
48
Boat. n. Tun. & W.— Deb. 58.1913
Brooklyn Elcv.—l8t, g., 68... 1921
Beech Creok— Ist,
Alabama Central— 1st 68. ..1918
107 »« Erie— Ist, extended, 7s
1897
2d, extended, Ss
1919
89
3d, extended, 4129
1923
•.1920
99% 4th, extended, 5s
112% 5th, extended, 49
1928
1 988
(fold,
1915
ad. 3-58
99
86
. .
. .
L
75
821s
124
Gen. niort.68,Trust receipts. 1925
1191* Illinois Central— 1st, g.. Is .1951
120
Ist, gold, 31SS
1951
Springf. Div.—Coup., 63
1121s
1898
. .
Middle Div.- Reg., 5s
Ohio. Buri. & Nor.— Deb. 68.. .1896
Chic. Burling. & Q.— 5s, s. f..l901 107
Iowa Div.—Sink, fund, 58.. 1919 109>s 113
Sinking fund, 43
1919 97 "a 98
Plain, 4s
901a ,91
1921
Chic. & Indiana Coal— Ist 5s. 1936
95
98
Ch. MU. ,k8t.
.
Mac—
C^.C.
& St. L., Cairo aiv.-4s, 1939
Cl.Col. Cin. & Ind.— Ist, 78,9.f.l899
Consol. sink, fund, 79
1914
Cleve. <fe Mah. V.— Gold, 5s... 1938
Colorado Midland— l3t,
g.,
6s.l93G
Columbia & Green.— Ist, 63... 1916
2d, 68
1926'
Col. & Cin. Midland— Ist, Os.1914
Del. Lack. & W.— (Convert. 7s,1892
Mortgage 78
Syra. Bing.
1907
& N. Y.— lat, 79.1906
Morris & Eaaex— l8t,7s
2d, 7s
Bonds, 78
,
79 of 1871
1st, con., guar., 7s
Del.
&
Ilud.
Canal— lat,
1914
1891
1900
1901!
1915
7a.. .1891
extension, 7»
1891
Coupon, 78
1894'
Pa. biv., coup., 78
19171
Albany & Susq.- l8t,gu.,78.190«'
Ist, cons., guar., 69
19061
RensA Sar.— 1st, coup., 79.1921
Oenv & R. G._imp., g., 5, i9.2g
1st,
DnL&IronRange— Ist,
.
58...1937
riL''?-^'!-*^'*--^»'''78-l»l'0:
Divisional 5s
No
1930
1921
78.1897
1897
1907
1951
1951
119
111
139 «
105
1
100
105
iie"
110
109
Pennsylvania RR.—
PltU.C. &8t.L.-l8t,
1211s
105%
102
94
95
Pitts. Ft.
W.
110
109
-lOSis
8t.L.V. &T.
2d, 79
991a
93
88I»
83
Si's 56
15
lt5>s.
123is
1
113
6S
1900 '116 IIS
.1912 143
1912 1421s
cp., 78.
& C—Ist, 7b.
.
2d, 78
1912*135
3d, 78
128
Clev. & P.—ConB., s. fd., 7b.19(
1 041s
4th, sink, fund, 68
1 892
106
96
H.— lst,gu.,78.1897
113i»
12»
lOflk.
.
1898
189h' 109
Peoria & Pek. Uion— Ist, 68 . .1921 II313
10758
6S
2d mortg., 4128
1921
40 14
Phlla. & Rea<l.— 3d pref. convert
IIOI2
Pine Creek Railway—69
1932
109 llOHj, Pitta. Cleve. & Tol.— 1st, 6s.. .1022
105
Pitta. Junction— lat 68
1922
120 122
Pitts. Me. K. & Y.— I8t68
1932 ii'a'
75I8 78
Pitts. Palnsv. & F.— 1st, 5s... 191
107 14
Pitts. Y. & Ash.— Consol. 5a. .1927
lOO
91'8l Pre.sc't & Ariz. Cent. Iat,68,g.l916
111
2dlucome, 68
1916
41
Rich. & Danv.— Debenture 68. 1927 103%
118
Equip. M. 9. f., g.. 58
1909
iboia
119 120%
Atl. A Char.— l9t, pref. 79 ) 89'
'118
do.
Income, 68
1900 1061s 109
115
Rome Wilt. & Og.— Ist M.. 7s. 1891 105 107
96
35
97
St. Jos. & (ir. Is.- 2d inc
1925
87
24
107
2d, guar., 78
. .
,
i
70
lOlia
Kan. C. & Omaha— 1st, 5s.. 1927
78M
Louia Alton & Terre Haute—
1894 1051s
52
1894
St.
2d mort., income, 78
Dividend bonds
& So. III.— Ist, 8s...l89G 11718
1923 105
& Car.— 1st, 6s
101
Chi.St.L.&Pad.— lst,gd.g.5s 1917
109
84
80
St. Louis So.— lat, gd. g. 49.1931
121
44
income,
59.1931
do
2d
130
Car. &Shawt.— latg. 4a....l932 *
122i« I23I2 St. Louis&Chic— l9t,cou.6a.l927
St. L. & I. M.—Ark. Br.,l3t,78.1895 107is
98' St. Louis & San Francisco124
Equipment, 78
1895 lOm
103
19311
General 53
sa
31
Ist, trust, gold, 53
1987!
9a
Kan. City & 8.— 1.9t, 68, g.. .19161
30
2duiortg., inc
1927
N. Y. & m: Beach— 1st, 78.. 1897
N. Y. B. & M. B.— 1st, g., 53.1935
Brooklyn & Mont.— 1st, GS..191]
1st, 53
1911
Smithtown&Pt.Jeff.— lst,7s 1901 111
& Nash.— Cecil. Br. 78.1907
Pensacola Division, Gs
1920
St. Louis Division, 1st, 68...1921
2d 38
1980
Vashv. & becatur— VsV, 73'. 1900
8. f.,69.—8. & N. Ala
1910
10-40, gold, 6s
1924
Pens. & At.- l8t, 6s, gold. ..1921
80.
Ala.—Con. 5s
1936
Na9h. Plor. & 8. 1st gu. 5s., 1937
Lou. N. O. & Tex.— lat. Is.... 1934
2d mort., 5s
1934
Memphis & Charl.— Ga, gold.. 1924
Mexican National lat, g., 6s. 1927
2d, Income, Gs, "A"
1917
2d, Income, 68, "B"
1917
Michigan Central—63
1909
Coupon, 5s
1931
Mortgage 4s
1940
Jack. Lan. & Sag.- 6s
1891
MU.L.8.&W.-.Mith.Div.lst,68.1924
Ashland Division— let, 6s ..1925
r—'
Cent.Wa9lilngti)n— l9t,g.,G9.]lt.'tH, 104 ioa"
120>a
lie's
Norfolk* West.- General, 69.1931
I21I9I
New River, 1st, 08
1932
Imp. & Ext., 68
1934
Adjustment M., 78
1924
Eqnlpnient, .58
1908
104
1957
Clinch Val. IstSB
Ogd.& Lake Ch.— l8toon.69..1920
OhloInd.iWeat.— lat pref.58,1938
1938
Reorgan. rtc.,2d, 58
Ohio & Miss.— Cons., S.F., 78. .1898
89
1911
2doon»ol. 78
Springfleid Div.— Ist 7b
1905
General 5s
1932
Ohio River RR.— l»t, 5b
1936
1937
General mort., gold, 58
118
OhIoSo.—Gea. m., g., 4a
1921
Oregon & California— 1st, 58.1927
.
2d M., inc. 58
1948
Kan. C.Wyan.&N.W.— Ist, 58.1938
L. 8h. & M. So.— C. P.&A.— 7S.1892
Buff. & Er.— New bonds, 7s. 1898
Det. M. &T.-l8t, 7s
1906
Lake Shore- Div. bonds, 7s. 1899
Mahon'g Coal BR.— 1st, 5s. 1934
Lltchf. Car.& West.— lat Us. g.l916
Long Island— 1st, 78
1898
N. Y. & R'way B.— Ist, g. 5s. 192'
L&
Ham. & D.— Con. a. f., 78.1905
1141s
Ced. Falls
125
1898 116%
1902 124 124%
1st, La Crosse Division, 78.1893 llli« 1121s
l8t,L& M.,7s
1897 llGia 117
lat,
D., 7s
1899 119 121
Ist, C. &M., 7a
1903 125%
1st, I. & D. Extension, 7s... 1908 126
Ist, La C. & Day., 5s
1919 1031s
l8t, H. & D., 78
1910 123 124
lat, H. & D., 5s
1910 10212
Chicago & Paciflc Div., 6s. .1910 116
Mineral Point Div. 58
1910 102%
C. & L. Sup. Div., 5s
1921 101 12
Fargo & South., 6s, A8au...l924
Inc. conv. sink, fund, 5s
1916
Dakota <fe Gt. South., 58.... 1916 97
Gen. mort. e. 4s, .scr. A
1989 95% 96I4
Chicago & Northwestern—
Esc. & L. S.— Ist, Gs
1901 113^
De« M. & Minn.- lat, 78.... 1907
Iowa Midland- 1st, 8s
1900
Peninsula— 1st, conv., 7s... 1898 120
Chic. & Milwaukee- 1st, 7S.1898 119%
Win. & St. P.— 2d, 73
134
1907
Mil. & Ma<l.— Ist, 63
1905 115
Ott. C. F. & St. P.— 1st, 5s.. 1909 108
Northern til.— 1st, 53
1910 108
Chicago Rock Island & Paciflc—
Des Moines & Ft. D.— lat, 4s.l905 - 825b
lat, 2i2S
1905
Extension, 4s
8259
1905
Keokuk & Des M.— Ist, 53. .1923 104
Chic. & St. Lonia- 1st, 68
1915
Chic. St. P. & Kan. City—5s.. 1936
Minn. & N. W.— lat, g., 59. .1934
Chic. St. P. & Miuu.— let, 6s. ..1918 124
12514
St. Paul &S.
l.st,63
1919 124% 126
Chic. & W. lud.— lat, s. f., 68.1919
General mortgage, Gs
1 932
Cin
120
108%
Memp Div., 1st g. 4s
& S. C— 2d Div., 7s ..1894 108
& Minn.— Ist, 7s.. 1907 50
Ind.Bloom.&W.— Ist, pref. 78.1900 117%
Ind. D. & Spr.- lat 79, ex. cp.l906 100
Ind. Dec. & We9t.— M. 58
1947
Dub.
P.— lat,8a, P.D.1898
2d. gold, 4»23
1937
Cin. I. St. L.& (Jhic- lst,g.,4s.l936
Consol., 6s
1920
Cin. Jack. &
1st, g., 59.1936
I.,
Gold, 5s, coupon
2d,73-l0s, P.D
1st, 79, $ g., R. D
a—
West Div. 78,Tni9t receipt8.1891
l9tWaco& Nor.— 79
1901
1. Trust receipt*. 1913
2d m.Ss.M.
C. St. L. & N. O.-Ten.
Ist, consol., 78
2d, 68
iis'is
Bid.
Northern Paciflc— (Continued)—
Cusurd'Alen —I at, 6s, gold. 1916 "109
Ca!urirAlene.gen.l9t,g.,G.<. 19381 108
t
1920
lat, oona., fd. coup., 79
Roorg., lat lien, 69
95 >9
1908
Roch. & Pitta.—Gen., 58.1937
B. N. Y. &E.— Ist, 79
1918
1921
Roch. & Plttfl.— l8t, 68
118
N. Y. L. E. Jk W.-Col. tr.,6«.1022
do
Consolidat'dl8t,68.1922 116
Funded coup., 5s
97
1969
Burl Ccd. Rap. A No.— Ist, 58.1906
92 >4
Income, 69
1977
Consol. & coUat. trust, 58. ..1934
Bufl'. & S. W.— Mortg. 69.... 1908
Minn. & St. L.— l8t, 7s, gn..l927 106
Jefferson— Ist, gu. g. 5s
1909
Iowa C. & West.— l8t, 78. .1909 100
90
Eureka 8pring9 R'y— lat,68.g.l933
Ced. Rap. I. F. & N., Ist, 68.1920
Evan. & T. H.— lat, cons., 6s. 1921
l8t, 58
1921
Mt. Vernon- lat Gs
1923
Central Ohio Reor.— lat, 41^8.1930 100
100
Evans. & Indian.— lat, cons.. 1926
Cent. RR. & Bank.— Col. k.,5s. 1937
Sav.A West.— 1st con. g.,5s,. 1929
931s 96 >s Fllnt&P. Marq.—Mort., 63. ..1920
lat con. gold, 58
Cent of N.J. —Conv. deb., 68.1908 118
1989
Fla. Cen. <fePen.— l9tg. 53.... 1918
Central Paciflc— Gold bda.,08.1895 112
113
Gal.
nar.
Ant.—
Gold bonds, 6a
&
San
lat,
6».1910
1896
Gold bonds, 6s
2d mort., 78
1905
1897 114 11416
West. Div., 2d 68
San Joaquin Dr., 69
1931
1900 113
Ga. So. & Fla.— lat, g. 6s
Cal. & Oregon- Ser. B.68...1892 100
1927
Mort. gold 53
1939 IO318 1041s Grand Rap. & Ind.— Gen. 58.. 1924
Green B. W. & St. P.— Ist G8..19H
West. Paciflc— Bonds, 68. .1899 114
No. Railway (Cal.)— Ist, 68.1907
2d Income, 1st subs, paid
Housatonic—Con.s. goldSs
SO.year 58
1937
1938 100
115
N. Haven & Derby, Cons. 58.. 1918
Chcs. & O.— Pur. M. fund, 68.1898 114
H0U9.& Tex.C— lat, ra. 1. 7s.Tr.reo.
68, gold, scries A
1908 118>3 120
Butt.
R. <feA.- 1st cons. 2-48
1989 691s
82
Ches. O. & So. West.— 2d, 68. .1911
Chicago* Alton— lat, 78
1893 10»78
Sinking fund, 68
1903 122
Louis. & Mo. River- 1st, 7s.l900 llSHi
2d, 78
1900 118
St.
Jacks. & Chic— l8t,7B.1894 112>4
let, guar. (564), 7a
...1894 112
2d mort. (360), 73
1898 115
2d, guar. (188), 7s
1898 115
Mlss.R. Bridge— l.st, s. f., 63.1912 107
SECURITIES.
Ask.
91
89
1937
1088
g.,.58.. 1987
121'4 122
1925
gold
Cons, mort., gold, Ss
5s,
lat ext.. gold, 5s
Kq. &Imp.,g.,oa
Mobile & Birm.— lat,
98% 101
Bid
A Ga.- (Continued)-
105 109
107
117
65 14
118% 120
Bellev.
Bellev.
Ft. 8. &V. B.Bg.— 1st, 6s...l91(i|
St.L.K.&So.Wn.— l9t,6s...l91G|
95
Kansas Mid'd.— 1st, g. 43... 1937
St. Paul & Duluth— lst,5s....l931 109
1917 105
2d mortgage 5s
1
1051a
iiii»
Paul Minn & M.— lat, 7a. .1909 111
1909 121
2d mort.. 68
Miuneap. Union- Ist, Gs....l922 114
Mont. Cen.— 1st, guar., 6s.. 1937 115
East. Minn., Ist (Uv. lat 5s. 1908 101
99 lol
San Fran. & N. P.— 1st, g., 58.1919
1061s
24%
Shenandoah VaUey— Inc.. 69.1923 23
1091a
SodU9 Bay & So.— lat, 59, g. 1 924
55
102 1021s South Carolina- 2d, Gs
1931
89
80. Pac. Coa9t— l9t, guar., 48. 1937
40
Texas Central— 1st, s. f., 78. .1909 47
Istmortgage, 78
1911
45
Texas & New Orleans— lst,7a. 1905
103
1912
Sabine Division, Ist, 68
53
Tex. & Pac, E. Div.— lat, 63.1905 108
14
Third Avenue (S.Y).— Ist 5a, 1937 112
122
1917 103 IO3I9
116
Tol. A. A. & Cad.—Gs
1919!
Tol. A. A. & Mt. Pi.—68
1896! ii'sis
101
Union Paciflc- Ist, 6s
1897 114
11536
1st, 6s
1898 116
lat, 6a
Collateral Trvist, 68
1908 1071s
IO314 103 Is
Incomes
98I4
- . ,
126%
Collateral Trust, 5s
1907
Mlnn.& St. L.— la. Ex., 1st, 78.1909 90 14 95
87i»
19181
Collateral Trust, 4is8
1927 106
l8t,g. 78
1895
99 Is 100
C. Br. U. P.— F. c,7s
1891
60
2d mortg., 78
9&
Atch. Col. & Pac— Ist, 6s.. .1905'
1910 751s
Southwest Ext.— 1st, 7s
95
Atoh. J. Co. & W.— Ist, 68. 1905
70 "4
1921
60
Paciflc Ext.— lat, 69
90
U. P. Lin. & Col.— Ist, g., 53. 1918 101%
60
Impr. & equipment, Gt»
1922
70
Utah Southern- Gen., 7a ..1909, 114 117
1211s 121%! Minn. & Pac— l8t mortg., 58.1936
114
Exten., l8t,7s
1909
Minn.S. Ste. M. & Atl.— 1st. 58.1926
107
1908 115 14
Utah & North.— Ist, 79
80
Missouri Paciflc— Trust 5s... 1917
93
1926 100
Gold, 58
115
Mobile & Ohio— 1st ext., Gs.. .1927
104i»
100
Valley B'yCo. of O.—On. 63.1921
1st pref. debentures
70
80
Wabash- Deb. M., 9eries"A".1939
45
2d pref. debentures
91 '.4
St.L.K.C.&N.H.E.&RR.79.1895,
St. L. & Cairo
is, guar
73
1931
80
HO
IO7I4
8t.Charle9Br'ge— lat,63...1908,Morgan's La. & T.— 1st, Gs. .1920 116
132
1895, II518
No. Miasouri- 1st, 78
lat, 78
1918 126
134
West. Va. C. <t Puts.- 1st, 6s. 1911
Nash. Chat. & St. L.— 2d, Gs..l901
113
146 148
.KIscellaueoiis Bond*.
New Orleans & Gulf— Ist, G3 .1926
11*
104 104%) N. O. &. No. E.— Pr. 1., g., G9..1915
Am.WaterW <"o.— 1st 6s.... 1907
120
19071
N. J. Junction— Guar. l9t, 43.1986 100
10213
let con.,golu, 5s
•129
130% N. Y. N. H. & H.— l9t, reg. 49.1903
Boston Uu.Gas— Tr. oer. 5s. .1939
142 143
N. Y. & Northern— 1st, g., 59.1927 IIII4 11218 Cahaba Coal Min.— Ist g. 7s. .19071
57I3 Col. & Hock. Coal&L—G8,g.. 1917
103 ifi 1031s
96
2d. 48
1927 55
108
Ojnsol'u Coal— Convert. 6-<... 1897
iN. Y. Susq. & West.- Deb. 68.1897
1905
lO'i
114%
2d, 4133
Equitable G. & F.— 1 st 6s
1937
80
143
Hackeuaack Water— lat. 59.. 1926! 104
(iNorf. & W. CUnch Val.— 5s...l957
134
North'n Paciflc— Divid'd scrip ext. 10618
Hendereon Bridge— 1st g. 63.1931 109
1901 * 80
125
James River Val.— 1st, 6s... 1936
Iron Steamboat Co.—Gs
1484 149ifl Spokane * Pal.— 1st, Gs
Northwestern Telegraph— 7s, 1904 102is
1936
110
lstg.f>s,1904
Coke
;
People's Gas &
g2\ Sf. Paul & N. P.— Gen., 6s..l923 117
;:;:i.:::
102 'l0258
He!omv&BcdM'n—l3t,g., 69.1937 98 ioo"
Co., Chicago
J2dg. 69,1904
119 ,1191s
Duluth&Manitoba— lst,g.6sl936|*107 10713 Philadelphia (3o.— lat s. f. 6s. 1898
lioij'
Dul.&Man.Dak.Div.— lstGs.1937' 105 107
West. Tel.. Union-78.. 1875-1900 115 L...^
Louis.
'.
&N
St.
. .
.
—
. .
'
!
'
—
. .
I
i
'
1
.
.
price Friday; these are the latest quotations
made
this week.
THE CHRONICLE.
418
New Vork Clt; Bank statement tor the week ending March
We omit two ciphers (00) in all caaei.
15, 1880, is as follows.
Banks.
(0C< omitted.)
Cavital.
anrplHa.
Lnant
SveeU.
LwU.
nevntiU.
9
*
f
»
»
«
10 900
Bwk of New York...
Manhattan Co
Mercbaimi'
ItMbaulcB'
PhonU
Olty
Trade«men'a.
Obemloal
Blerobaiit«* Rxnh'nge
GaUarts National
9.0S--.0
1,450.0
10,551.0
2,12.1.8
64.V'.?
4.8'-4.:'
989 o
1,618,7
lS-8.5
14,27li.o
237,1
877.7
11.710.5
4.1H5.6
8.493.8
P'itchbiirg, pref
-117
• 90
Flint* Pei-e Marquette..
•
3318
25'J.7
29t6.w
•
11,982.8
»7s
66^ 70
4'
300,0
200,0
200,0
600,0
300,0
282,9
214.4
11»,7
664,4
6«,2
477."
422,7
1,500,0
450,0
200,0
700,0
375,2
897,0
841,1
2B»,3
499,4
1,000,0
1.3-3,4
-.4
4.293,1
8.1-81.9
1.9U,H
606.
J
76.8
2,014.3
2.fi74.(i
ll.'S.O
410.(1
3,1780
300.
161.0
110,6
1.2.i(i.2
2.461,9
1.299.7
2.847,9
1
4
3,610.8
17.1iO,i'
I7.597.t'
2.839,0
6.42:<,i
818.4
1,673,6
438,4
2.825,4
1,57H.«
833 9
1.6iia,l
26.05
1,91 6,5
7,:o.t.i
2,6e9.^
11.017,
6.676,7
500,0
•.iGl.2
3,l-'4.l>
7ijT.li
OttlsBas'
COCO
2.743.0
Nassao
oOO.O
398.3
l95,6
4(8.3
474.4
6».t.4
2('6.0
4 099.7
1,910,0
1,093.5
391.0
631.2
148,4
3y3,7
625,^
ld4,4
163,6
176,1
117,0
l-.9,5
168.1
231.7
2.894,0
fr7r.,0
819.5
6X8.0
6,218,3
4,879.2
U.3,1
279.0
214,0
704.1
233.7
.".811,9
1619.8
21 627,8
5.273.6
570,2
126,0
1,137,8
23,94 3.2
2.270,5
1.091,3
17.1.0,3
l,29:i,0
357,11
7,7(i6.0
l,2o2,0
66,0
2»1,7
6,0'.!6,0
Rapnbllo
Peoples'
1Tftll7<WAr
^
750,.)
600,0
500,0
Sboe & Leather
Corn Exrbange
Importers' A Traders
Park
8. 10' ,4
3li4,9
4.29..;
2,IH»,1
1,6110.0
2,000,c.
4,610.U
2,272.6
240,0
9t) b
2511,0
122.9
3,200,0
2,000,0
300,0
l,8:^5,9
760,0
6 -0,0
31l5,t
....
al,.,..
...
NauouHl
Tblni National
N. T. Nat'l Ezcbangi
Bowery
New York County.
German- A merlcan...
Chase National
300,0
250,0
200,1,
4119.2
ATenne
German Kichange..
Fifth
Oennanla
ITiUted States
Garfleld
Fifth National
Bank ol tbe Metrop.
300,
28.,*
6 I -'.3
231,5
143,a
173,7
TiO,0
S-.'iOO.O
300,0
Fir.t Natlonal,B'klyn
2.-1
737.8
45«,7
394,5
51 ,0
287.1
200,0
600,0
B««bOi*i(1
^Pe«t«rT» 'Wnt-tnTiiil.
*.«»•„
6.07.1,8
21.6j7.2
8.8. -9.0
1.S76,3
2.b8a.0
2.946 6
2.64 6,1
12.382,5
1,792,7
83,2
293.5
140,7
977.0
IM
4 '31,7
2 <'9h,9
2,7:6.4
1,107,3
185,0
l.oli'.O
3'/ 19,6
l,2o2,7
53,1
5.M,8
3.22B.1
1,661,0
4.312,5
2,213.0
3.9-5,1
8,780.
4,028,0
4S9,.')
218.0
314,2
225,7
231.7
220,0
bOH.n
307 8
127,0
1-6,4
569.3
305,6
lOil,*-
386.1
89(=,
370,0
572,0
1,66H,4
i
»,B4ll.O
21»..0'
710,0
336,0
2,2
3.3.90
2..b'.M
3,209.7
4.501.8
1,816,1
6i6
2(il,7
48^1,0
19,5
2.977 3
1.X83.4
16.604,1
1,020.
1.921.8
2.974,1
10,47k.'
6,07".
1'26.3
1.12(),s
1,451..
231,8
300,(.
3,448,<
2,()8'i.O
7/2.11
150.'.'
ll.j.2
1'27.5
5699.*'
21.9r0,2
7,616,9
6,18H.l
285.5
l:<4 3
437.2
:
i(i;449,0
2.l9d.'2
1.274,1
17.342,';
7,32t.,0
4 16J,'
2U2.3
750,0
600,f
100.0
200,0
200,0
500.0
300,0
200,0
,
2i,f'f>7
S38,--'
1,0K),0
4,124,8
14,077,1
•Z740
•
Flr^,.
69.!.3
l.l:<0.9
Ea t River
Fonrth Nationpl
Central \atioi
4.728.3
300,0
I^orch River
Secoja »»tloni.l
Nintb .itii.nai
271.8
1,000,0
1,000,0
Continental.
I.li4,l
2.3B11.6
834.0
8.4.V2,8
3.063,8
6.494,4
3,423,7
3,72i.2
1,976,2
6,llr.3,0
2,3l3.o
4 8:(4,0
7.414,5
3,979,1.
Boston
60,86'2.7
57868,6 404.682
78 470.3 25.194.0 410,164,0
1
Loans.
S^irvlw).
Svfcie.
N. York.'
Feb. IS
McC\
*
8
118.731. 3^104, 6fZ,l(78,470,3|2o,19l,0 410.454,0 3,619,7 711,1)86,3
BoBton.'
Mob. 1...
6.^.492, 3 151, 38"...'.
66,4H2. 3 150. 136.8
8....
16....
"
1»h|ln
Mob.
»
»8M
-
15...
«
61,685, 4
1....
96,
95.
*
'» »
.ibla.
i.^<
..i.nt?!
the Item
^*
ri.
1860
22,9£9,0
91,126.1
K6»,0
2-2,187,0
89
B«"k Stock
morica
Am. Kx.-b...
,->
allthew ngurea.
due to other bank
List
."
.
Prefened
Kan. C.
Scott
Ft.
* Mem.
.-
—latest prices this -week.
Gallatin
'295
Asbury Park
Bowery
293
Broadway
zmt
1(j6
1)8
Uaihold
4U0
ilO
. -
:90
144
,
Chase
3o0
ISO"
City
liermanlH...
Greei.wich..
UaLover
River..
Ini. d£ Trad'"'
450C 5000
470
ll'Vliiff
MadiHon Sq..
Leather Mfs"
Vei" Lincoln
Citiaens'
ColQnibla
Comnieice..
'230
208
212
OommerclaL.
Mauliattan...
1.
110
Continental
MarkBiA Ful
:40
.
Mecliauius*..
Corn Kich. 210
Bast Rivor.. lt,6
M'chs'&Trs*.
.
11th Ward...
Fifth Ave..
Fifth
First
Mercantile...
160
liOO
250
2oOO
First N.S.I. 1!2
120
14tb Streol.. 165
Merchants'..
Meich'ts Ex.
Metropolitan
Fourth
NasHau
1«1
Ves'
150
340
161
660
19J
218
225
loO
19u
225
216
246
2>6
168
127
9
Bid
Park
JoO
290
People's
-246
Pacilic
660
105
194
Pheuix
137
Produce Ex. 112
Republic
187
Seaboard
l4l
1*-*
Second
... 325
225
toevenih
262'..,
•226'
IlO
130
10
6
Wisconsin Central
Preferred
BONDS.
30 la
63
'
,
I
Metropolis... 350
Mt. Morris .. 3£.0
.Murray Hill. 3iM(
—
^^M.'"!
30
1:6
223
let niort, 6e, .904
106
Sdtnort 69, 191*
104
B'way Suiface b-ds...l924 105
Boii'lf i;iiar.,6H, 1905...
92
BrookljB City— Stock
162
Istniort., 58, 1902
10£
let molt., 7e, 19i 8
log
Central Crcs.siowu— ,M*k.. 140
Istmorl., 6h, 1022
119
Cent. Pk.N.4 E.Riv.— Stk, l'..:2
Consols. 71-, 1902
117
Cbrlst'pb'rdilotli St.- Stk. 140
Bonds. 7.«, 189K
110
Dry Dk.K.R.d! Bat'y— stk 138
3s( moT-f.. 7a. 1>JP3.
U'5
D.D. E B. * B.-Srjtp6b.. 100
EMUtb Av.-Stock
183
230
108
106
106
96
Br'dfay
ft
,
7tliAv.
St'k.
163
195
I
!•
l»l molt., 7», 1893
108
St. Malili.di SLN.Ave.' 39
l»tmo
I
'
2d
t.,
n.ort.,
68, 1910
Income, 68
,114
..
Hou8t.W.st.<ai'.i.'y— Stk. 206
Utmort, 7s, 1894
Nintn Ave
Second Ave.— Stock
i!<l molt., 58, 1910
I
>
Sixth Ave.— Stock
l»t iiioit., 7s, liOO
Third Ave.— Slock.
Bonds, 68. 1937
Twentyihird St.— Stock.. 270
Istmort., 78, 1893
107
100^1
TO".
37
22
"
,
A
_.
13
lO^"*
US
E. 8.-l»l,58.. KjeillOS
SchayLB.
I
A Inu.lsi 1,.. ^» loA
United N. J.— (J. 6s, 1901 xlOB
Warren A Prank.— 1st. 78 It??. 108%
West Chest' r— Con. 78, '9 look
steiibei..
I
We^t Jersey- Isl M.,
W
JersHV
le.
A
Atl.-lsl, rt,
West Penn Pitta. 3r,.6B
HA l>-ri.>l<MlE.
RAILROAD STOCKS t
Baltimore A Ohio
ist pref
Id pref
— .,
124 Is
111
96
100
126
11410 118
48
50
A
13%
•
A
I
;
A
PHILADELPHIA.
fa:asi
106%
104"
102%
109%
.
—
A
A
RAILROAD
A
Pennsylvania
14%
109%
117%
Seab'oA Ro'u'ke— 5s, 1926
65
A
West. Mil., 3d guar,, 68.
Williamsport...
WU.CoL A Aug. 68.1910
Preferred
*
Last price this week.
x Ex-interest.
t Per Bhare.
N. Y. and Brooklyn Gas Securities— Brokers' (Quotations.
Bid. Ask.
GAS COMPANIES.
Bid. Ask
GAS COMPANIES.
lo9
112
140
116
190
131
85
951s
Williamsburg
Bonds, 6s
Aleiropolitau (Brooklyn)
M'tnicipal— BoniU, 78.
Fnlton Municipal
Bimds, 6a
Equitable
Bonds, 68
,
,
New York
Alabama
A
2d5o...
do.
do.
Km. xank Note Co
Am. Pig I on Stor'ge Var.
Am. Can le Trust
A
Line
Brooklyn Elev'd— stock..
Ch.A .\tl.— BeiieHc.tr.rec.
Spring!
Cln';lrnatl
A
Comstock Tunnel
Co tmeulal C
A
«
27%'.
.. KanawhaA Ohio— Ist 6»..
bTii 92%
70
ijohieb A Wilkes, "oal...
06
li"
16
HeriphisACba'st consols 116
Mex- N«.l.l'oi'..Trncl'n Co.
89
92
119
39
29
10
12l
41
MI<-ilK»n
6t
31
38
40
17% "18%
61a
19
fttc— Stock
Gt
111.
112% 113
8^»4
8'iS
29
N
rrhern Pref
Coal it 1 0*6
pref
ludicates actual ealea.
N.
18=^
Nowp. N. A Miss. Val....
N.V. v.". 8.4 Buff
17
10
30
35
8
64
N. Y. A oreen'd Lake, let
2d mort
N.Y. Loan A Imnr
N
Ocean SS. Co.
--ei.stteois
It.
5
<«
1st, guar.
AII»iil
"a
66'-^
26
101
4
Telegrsph- Cable. 30
Paul K.A Ul. Tr., Isl Us lOu
Toledo Pe.Tia A West...
Postal
1
22''
1
OhIoCentral
t'.i.AW.— 1st acc.lnt.cert.
2d ace. int. cert..
*74l>4
::;:
6%
60
Pac. P. d'Oreille Olv..
MiSBOUll UIVIS O.I.. .....
Nnrt. H"- 'ons. C.'.scrip.
* 30114 "3(j'e
2
!.»(
*
74
118
22
Oho
J. coulliern
N. O. Pac. La, d Grant...
1
30
18
2S-
I. *75»4
Mt. Des.a Kast Sh. Ld.Co. •60 i'i's'
i»
«
<t
1st 5s...
Mo.K.ATcx. new 4sW
30
36
Consol. 58
78
2%
22
71
Little R.
jjo.. piL-f
UtrtB
Ask.
75
44
19
EastTe-^n.- Old.
(3rMigt»
A Mem.
Bid.
42
4
Pr«f
SECURITIES.
Bid. JAsk.
18c. "inc.
Imp..
do. Trusteed stock
tillers' A Cat.le P. Tr.
,n.
,
Stock Exchange— Unlisted Securities.
Vicks
Char. AIT
All.
1st, 7s, 1907
.110
...
Bonds, 58
...
Consolidated Gas
Jersey City A Hoboken
lletropoli tan Bonds
Vlutiial (N. Y.)
Bonds, 68
Nas.sau (Brooklyn)
Scrip
8BCURITIE8.
1141a
People's (Brooklyn'.
Citizens' Gas-Ligiit
St.
42d
*
01
......
Pougbkeepsie Bridge- 68* 83
Central Ohio
2d con. iuc 33, 1939 ... *
P.eferred
S. Y.
N. Eng.-l8t, 78. --, „, l'26ia
"^Ho's
CharL Col. Angnata....
1st mort... 68....
1*107
.Western Maryland
2d m'.rt., 68
KAILKOaII Bi.wno
2d mort., sealed, 3s
Atlanta
Char.— let, 7s.
Cons., 6a '1 02 13
Ogdeus. 4 L. I
112
Income, 6b ..*
Jutland— 1-t, 6s, 19o2..
100 Ki
Bail.
Ohio- 48, 1935
'2il, .".s, 1898
96=4
Cape > ear
> ao.
1st, 6s
Wiscon. Cent.— Ist M., OS
Cent Ohio— 68, 1890
68
Income, 5s
Char. Col. A Auif— l8T,7s
Ciu. Wash.
Bait.— Ists.
STOCKS!
2d 68
3d 3.
itlautic, pref.
40
uaimteu
1st Inc., 58, 1931
58
Catawissa Ist pref
Shoe; <Si,eath.
KlgbtbAv.— Sorip,09,1914 106
& Or'nd St. 'ry— Stk. 2b0
165
106
1.0
113
122
,125
'120
VlexicanCen— 48., 1911..
Istcn. inc.,38, 193'....
'
IOII3
Deferred incomes, coup
Phil.W.A BhH.- Tr.c.,48
Pitt8.Cln.A St. L.-7»,cn.
M
-
ISO's
12011
Cons., 7s, coup., 1911...
Cons., 68, g., I.R.C.1911
Imp., 6s, g., conp.. 1 897.
Con. 5s., 1st 8er.,st'nipd
—
—
316
1170
42il
Philailel.
1
City Railroad Securities—Brokers' Quotations.
Bl'ckerst. ,v J- ui. i.. -Stk. 27
l8tinort.7H., 1900
114
A i..rie-Gen.5».... 113
IO-234
General mortK. -is
A Read.-l^t, 68 *120'4 ,.
114
2d.78, C. A 11., 1893.... 112
Phlla.
I
Plain 4«. 1910
' ,^,
Chic. Burl A North. 8t 5s. _}• ''•
"103,
18
2d 6s,
ChicA West Mich, gon.53 93'i 9i
88 Si, 89 >i
Oonsol.o' Vpr ion.
-»Current Riv.— l8i,5B,1927 100
Det Laos. A No. 78. lo2
125t4
125
Ka-teru. .liasa. 68, i9"6
Preem.Elk.AM V.— lst,6s 122
I'l'a
Unstamped li^t, 68..
K. C. Kt. Scott A Mein.,68 lll*i.|
K.C. Memph. A Blrm- !>B*,^9ia
Kan. Clt.«t.Jo.AC. B.— 7s 121
K. City Clin. A Spr'd.— 6s
Little R. A Ft, Sm.—78... 100
I.011I8V. Kv.AMt.L.— 1st, 68 109
78
2d mort., 2-68
Mar. H. A Ont.— 1923, 6s. 10
—
L..an
41.JS, 'I'tust
1
Exempt, 68
Nnn exempt, 6s
H^'s
C'.ns., 6b, coup., 1919...
Perklomen-lstse. 68, '18 102
2dserle».5s, 918
P...di .\ Y.Can - «» cp. 10 * 62
„„,
83i«i
I.„
A Topeka—Gen., 4s *
"8^4
lucome, 68
Burl. <K Mo. R. In Neu.— ,„„
*12n'g
itch.
116%
6h
1S6
2d, 7h, reg., 1910..
139
Cons. 68, C. A R., 1923
North Peon.— 1st M.. 7».' llTif
130%
General mort. 7-, 1903.
N.Y.Pbll.ANorf-lot,68 108 110
60
Tncoii e. 6m
Penn.— Gen.6», conp.1910 !''*'»,136
.^
Cons. 6.S, coup., 1903 ... 121=4 J'26
126
134
29
61
123
7s, 1900...
A Jelf.- Ist, 6e.
ting
—
7
»177
PonuiidSacoA Ports..
Summit Branch
Veruiout A Mass
116
Del.ABd.B.-lst,78, 1905. 130^4
Kasion A Aniiioy. M. .^«. 116i«
Elmira AWiliu.-l»t, 6s.. 121 124
Harris. P. M't J.AL.—48. 103
HUUl'UA B. r.— l8t,7B.. 1U4
20 mong., 7s
103 1«
CoT.aol. M.. ^8
117
Leh. v.— Ist, 6s,C.A R.,'98
163
Old CJolony
,130
160
Nicholas. 1'20
Stateof N.Y. ..
Third
120
Tiadesmen's. 70
Unii'd States 215
Western
96
Went Side.. 200
(-Oiil)ei
'116'5
A Worcester.,,
Ogdensi). A Lake Cham.
llOia
36>«
•
—
Cleartleld
,
Brooklyn G»8-Light
J
Ninth
157
N. America.. 180
North River. ;46
Oriental
216
3.108,'90.
Inc. 7h, end. C'.no.,'94,.
Belvo'l. Dela.— latM 6s..
Betls (iaji 1st M., 7s
[Norwich
Ask.
241
N.Y. CoMuty. 480
N.Y.Nat.j!;x. 33
IjuruitoU Am. .iU
German Ex. 270
Had
::£0
3..0
Chstham
Cbemltal
BANKS.
New York...
DUX.
214
1.
9; ,433,6
78,848,8
TH.WOO.
68,942.4
tiuvidlng, for Boston and Pblla.
221
IbO
Sutcbs'dt
Central
2,134,0
2,139 1.
90.937.0 2.138.0
.(15,0
0314
92, ,o47.1
RAILROAD BONDS.
'
A New Eng., pref
Y.
Jfortliern
228 >B
\tlantlc..
AUegb. Val.— 7
138 llO
Mancb. sterA Lawrence.
>"l9i»
Mexican Central
46'N. Y. & N. EuK. com
.V.
lerecyA
We..!
Catawlssa— M.
Preferred
tfai)-e Central
64
31
fc,nB
West Jersey
Hj
A
8834
r-eiiii^ylvanift
«tt
-nubury A Lewlston
rnltedco'sof N.J
50
23
50
K. C. .'Meraph. 4. Birm....
Louisville Evans.
St. L.
Gluiira
D^jS t^^.
A.1U
126.20.3,7 2,652.2' 93,
4,654.9 121.051,7 2, 7 '25,1
9,537,61 4,541,1 1-^6,077,3 2,771,8
9,29...6|
150 ,7al,5
34.591.i
34..W1.!
61S0,2
9.239,1
9
l9
"'i'rVn Clrnruigt
118,48.3. 6 114. 211,9 85,912,3 29,171.9 ISO.348,1 3,392,3 670961.4
118.4^3. 6 414. 574.0'»-J,<jll.4t27,723.7 427,7:s7,2 3.3i6.r. di.6 (ilO.S
llg,-.S3, 6'409. 710,9 79.847,2:27,:71.8 418,619.2'.<,330.7 7(i8
11^ 483, 8 406, 23U,i,77,363,9|26.5t7.0 110,ij(i6,2 3,47-2,7 7.6 4U3.8
..
1...
"
•*
Denoetti.
hriput.
Phil.
'
1923.68
Bahkb.
.Norih
Pennsylvania
I
Preferred
70
(,31a
NortJiern Central
<S
'
Total
61 Ts
69
6814
^^.
32.3
278,3
(69,0
4.835,9
17 li
43
'
303,.4
23i-.T
1,4>0,7
Broailway.....
Mercantile.. .........
7.569.7
7.659.0
lO.'jg.'i 6
4,512,0
9.719.2
4:.i,7
1,0(10,(1
66.^,7
7i'8.5
26S.O
6,265.2
Bid.
I
9,hlfl
1.3'23..'.
600,0
3,6*8.1
1,773.1
BM. Ask.
SBCUBITIBS.
SKCDRITIEa
HnmluKton A Broad Top
BOSTON.
Prefer' ed
RAILROAD STOCKS, f
,* se"8 ---LelilKb Valley
itchlBon & Topoka
'217 220
Little Schuylkill
Boston A Albany
Miiiehlii A
Haven
Boston & L..W.-U.
*174V
222 1226
Ves'ineb'.nnt^ Valley
B»t«u & Maine
3.10(1.1
22,34-2,3
5,000,0
6,000,0
1.000,0
1,000,0
390,0
824.0
SS^'I
384.0
498,7
162.0
6.'20
84.8
745.5
458.8
36; ,3
L.
<{not.ation8 in Boston, Pliilailelphia aod Ka tiiuore.
Following are ouotHtionsof active stocks and bonds. A full
li gt is given in the Chromicle the third Saturday rf each month.
260 [262
Providence
*
12ia
Caiiforiiia Southern
Centra 1 of Massachusetts * 18
'
£9
Preferred
Ohio. Burl. <6 Nnrth'n.....* 40
i'1'4
Chii. & West. Mich
'.
Cleveland & Canton
* 24ia
ProfcTed.
160'.,.
Concord
Connecticut A Passmnp.. 114
C.nuectlcut River
•164
Eaetern
l(iC,6
1,200.(1
Faolflo
1,71^.0
1,782,9
6,062,9
York..
Oommeroe
1,53'i.G
2,422,4
Sevenih Nattoual
mezlOHn Exobange.
7.304,
SOO.fl
BntoherB' A Drover»'
New
8'>«.2
10.5MI,7
1.989.^
Mecbanlcs' A Traileri*
,
Greenwich. ..
.
State of
8.778.0
2.400.0
1,554 <•
11,47'',0
1.611,6
1,309.1
2,000,0
2,050.0
2,000,0
2.OOO.0
8,000,0
1.000.0
1,000,0
1,000,0
[Vou
29
102%
.1
f^4
107
97
habcb
THE CHRONICLE.
\no.]
sa.
419
LaUtl SamingM Reported.
Jnuestmjewt
BOADS.
AND
Railroad
WeekorMn
Grand Trunk—
Intjellisjencje.
1889-00.
*
20,809
l)et.Qr.H.«(M. WIr. Mch 8
23.238
Or. B. W. A 8t.P. January...
(iiiif &lhlcaito. February .
4,272
101.109
Hounatonic
January...
10 500
Humest'iKViShen February
Ul.On.dll.ASo.p February 1,1^7,640
.
!%« Investors' Scpplkmbnt, a pamphlet of 150 pages,
contains extendi ed tubles of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and othei
Oompaniex. It is published on the last Saturday of every
other month—V'Z., January, March. May, July, September
and November, and is turni'.hed without extra charge to
all regular i,ub->cribers «f the Chkosiclk. Extra oopiet
are sold to subscribers of the Chro.mclk at 50 cents each
and to
others at, f per copy.
The General Quotatins of Stocks and Bonds, ocoupffing
iix pages of the Chkoniclb, are now published on tht
third Saturday of tach month.
1
.
9,37./
Cedar F.&Mln. February
144.377
Dub. ASio'xO. February
February. 149,747
Iowa lines
Total all
Febiuary 1,307,387
•27.771
Ind. Dec* West. February
120.00..
Iiiteroc'nic (Mx) January...
37,688
Iowa Central... 2d wk .Mch
.
.
.
.
lion Itailwav... i'ebruarjr
J')t'nv.T.& K.Wv Decemb'r.
Kanawha&Ohlo IstwkMch
Kan.C. CI. ABp 4th wk Feb
K.C.F.S. AMein. 4th wk Feb
K.C.Meni. & liir. IstwkMch
K.C. Wy. &N.W Febr mry
.
Kentucky Cent
Februaiy.
Keokuk k West. 2d wk Mch
Kmxst'n Pem. 3d wk Feb.
Knox. Lincoln Janimry...
,fe
<Sc
Kuoxv. & Ohio. DeeeiQb'r.
L. Erie All. <& So February
I,. Erie A W«8t.. 2d wk Mch
nry
Leliixh A Hud.. Februar;
L. Hock A Mem. Istwk Mel
February
LouK Island
La. A Mo. River. Decemb'r.
.
RAILROAD EARNINGS.
EamingM
Lalftl
BOADS.
«"*<»•
Reported.
1889-90.
-Mo
AlleKbeny Val. January...
Annfatou & All February
Anniaton & Ciu. l-'ebniarv
.
+
183,517
7.200
9,883
AtcU.T.&S. Pe. IstwkMcU
Half owned .. IWwk.Mch
4<>H,2^1
2(1,749
.
.
Total e.vsieu] IstwkMch
Atlanta JkCTiar. Deeenib'r.
Atlanta & Flor'a Feliruary
Atlanta A W.Pt February
521,971
149.998
9,880
44.611
.
.
.
.
.
IJanuarv...
CaniKlianPacllicJ2(l wk Mcli
Cp. F'r&Yad.Vul February .
134,099
74.271
1,840
32.766
69,709
3,453
3,965
35,483
246.000
43,0i7
CeD.kK.& Ba.CoJaniiary.
87:<.967
Central of N.J. January...
Central Paciflo January...
Central of S.C.. Decern i.'r.
Centr'l Vermont Wk Feb. 1
Cliarleat'n & sav January...
893,974
862,069
10,812
78.689
73,89H
30,000
7,166
9.934
139,277
1j3,949
.
I
&
Nortliw. February
.
&
We.stern! February
.
Camden &Ati.
Chat.R'me*Col. February
.
Chatt'n'KaUni'u F'ebruary
Cheraw. <&Darl. January...
Che8.&OWo.... 2d wit Mch
& 8. W February
Decemb'r.
Chesliire
Clies. O.
&
.
Decemb'r.
Atlantic. 2d wk Mch
<fe
Lenoir
Cliic.
Clilo. Burl.
iDliio.
Burl.
.
ll'J.OOO
q. January...
,181.408
636, 01
6r,945
&
Llne.% conlr'l'n
January.
2d wk Mch
Chic. M il & St. P. 2d wk Mch
Chic. &N'thw'n. Janu iry...
111.
.
Chic. & Oh. Riv Februarj .
CUlc.P.'O.&St.L. Decemb'r.
Chic.St.P.&K.C J:thwkFeb
Chlc.St.P..Vf.t):(). January.
Chic. & W. .Mich 2d wk Mch
Ciu. Qa. & Porta, r ebruary
Cln. Jack. & Mat 2d wk .Mch
On. N.
O.
7,052
52,239
&>o Januarv...
Chlc.& East.
& T. P.
1
St wir Mch
Ala. Gt. South. 1st wk Mch
N. Orl. & N. E. Istwk «ch
Ala. & Vicksb Istwk Mch
Vlcka. Sh. cSt P. 1st -vk .Mch
Erlanser Sy st l.^t wk Mch
Cinn.Northw'u. February.
CIn. Scl. cSi Mob. Feb uary
Cin.Wab.&Micli. Fobruar
Clev.Akron&Coi Istwk .Mch
.
472.010
,857,673
4,723
32,047
81.496
488.806
29.385
3,823
10.573
64.048
31,164
19.146
10,684
9.374
134,916
1,107
6,(110
.
•
Clev.
& Canton..
CI.Ciu.Ch.&S.L
Clev. & Marietta
Color. Midland.
Col. & Cin. Mid..
Col. Hock. V.&r.
Colusa & Lake..
.
January...
IstwkMch
lebru.ry
2d w k Mch
2d wk Mch
Decemb'r
February
CovinR.AMac'n. February
Day.Fl.W.&Ch.. February
Deny. & Rio Gr.|2d wk Mch
Den. Tex. iV f. \V. iFebruary
Det.BayC.&Ali) Istwk ch
I>et.Lau8'^.'&^n 2d wk Mc
Dnlnth B.8.& Atl 2d wk Mch
B.Teuu.Va.ilia. Istwk.Mch
.
EUz.Lex.&B.S... January..
Kvans.tii^lud'plis
Evansv.
T. H.
&
2d wk Mch
2d wk Mch
37,958
14,923
34,569
251,595
17,212
3-,9.
5,639
184.996
1,939
12,957
37,704
121,500
199.03
11,887
2.).466
2().n92
123,18
5.-J,998
4.80 ;
1
7.719
January...
P. Marq. 2d wk .Mch
448,2
65,460
Flor.Cenl.&P. latwkMch
Ft.Mad.&N'w'n February
Ft.W.t In. &L..'ijeccmb'r
Ga. RR.&B.Co. January
Geo. So. & Fla.. February
26.532,
Fitcbburi;
Flint.
&
(o Latetl
1889-90.
S
169,069
183,517
15.405
7.439
22.115
8,063
386,776 4,72(*,7ll
25.497
257,764
412.273 4,984,476
129,103 1,516,416
20,o'!3
7,439
41,031
95,266
23 400
70,580
50.731
530,502
118,170 2,819.027
Dait
188(-9,
169,069
15,682
16,175
3,868,841
278.152
4,146.992
1,325, 22
15.518
89.297
44.900
575,046
2,352.404
1
J
PoiuuneiJanuary...
Ijauuarv...
Beech CreeK
Blr.Selma&N.O. February
Kii"2d
wk iiaXi
Bufl.Hoeh.A
Bur. C.Rap.&N. list wkMch
Cnes.
Jan. 1
.
iv
Burl.
Burl.
I
hO.OOi)
Febiuary
57 535
Ud wk Mcli
,33>i,945
February
334,.->06
370,;J05
785 246
7l'6,650
February
February 1 ,709.310 1 462,736 3,605.173 3,059.054
37,440
461,408
415.930
45,944
wk
Meli
2d
Atl. cSt Danville.
Atlantic .^- Pac.
B.&O.Eaet Lines
Western Lines
Total
Bal.40.8outliw.
Bait,
1888-9.
.
1
1,924
16
207,3081
27..
""
' .2dwkiMch
Br. ""
Rai). & Ind.
48.130]
Cln.R.Ar Ft. W. 2d wk VI eh
Other lines. .. zd wk Mch[
Qrand Trunk. .. Vk. MohSl
Chio cStGr.Tr. Wk. Meh 8
10.453;
'
57,402
3,894
307),735
70,0a9
115,701
74.517
1,403
34,391
56,375
5,185
4,669
36,04
23.3,000
31,975
690,695
044,919
,084.7 7
8.974
70,685
61,992
16.(168
6,(i37
134.099
74.27
4,040
318,939
558,-95
7.668
8.436
85.483
2,330.141
82,789
873,967
893,974
862,089
105,568
379.693
73.899
6i.50O
15,427
8,930
9,93
101.001 1,425,228
328.155
163.910
643,924
74291)
7.266
SOo.'/Ol
45.650
1 19,' .00
158.628
,916,205 2,181,408
53o,0.j1
548,421
570.799
49,571
4.50.569 4,503.911
,613,245 1,857,873
10.531
6.586
376.166
26,156
661.782
48.997
488,806
366 634
257..^.87
26.715
3.756
7.587
103,180
10,149
750,435
64,197
85&,5.'<0
33,617
22,965
216,972
11,473
129.020
127,550
8,732
1,582,567
140,984
1,052
3,363
13,558
10,507
75,522
33,437
134.899
13,087
34.569
28.151
245.308 2,088.272
16.445
36,245
32.577
337,945
6.237
64.468
220.503 2,509.. 18
1,249
3,180
9,338
20,326
40,922
77,244
133.000 1.359.930
176.600
473,031
102.039
9.9s7
19.480
203.973
25.149
284,321
1 9.240 1,226.561
58,998
74,359
44.89<i
5,785
15,249
178,558
42.i,16f
448.215
618.3
51,580
253,5-55
25.720
3.669
1,409
311,417
24,045
207,3ii8
185,731
100,349
1 9.023
43.123
451.749
80.9s 1
8.688
34,303
4.3H8
3.57.781 3.380,104
704,028
70,036
1
115.701
74.517
3,238
899,864
478,130
10.047
8,118
86,041
2,205,984
66,761
690.(i95
1,044,919
1,084,767
103,312
337,4^0
61,992
32,080
13,747
8,930
1.070,002
334,236
593.478
79,181
423.013
158,628
1,916.2;)5
548,421
536,715
4,212.842
1,613,245
14.458
312,lti8
394..')95
368,6:f4
246.227
7,732
105.768
616,832
339.836
211,90^
116,801
113.052
1,428,126
2,462
2 ,374
69,i"12
112,089
28,151
1,957.956
30,185
299,0J7
66. -'50
2,893,97
2,756
17,574
77.854
1,329,669
a 45,499
90,249
184,374
2o0.2.)7
1,114.964
74.3.i9
52.994
165,170
425,169
479,(i2ii
233,413
3,515
270.965
185,73
33,643
409.343
87.858
37,398
3.223.118
604,935
Louls.Ev.A St.I,. February
Louisv.A Naahv. 2dwk Mch
.
LoMls.N.A&Ch. IstwkMch
Loulsv.N.O. AT. 2d wk Mch
lx)u.St,L.ATex. February
.ouisv. Soufh'ii. Febi uary
.
I
February
Lynehb.ADur'iD
Memphis A Chas
iMexican Cent...
[Mex. National
;Mexican K'way
Mil.L.Sh. A West
Milwaukee A No
.
»stwkMch
2'i wk Mch
2dwk «ch
iVk. Mch 1
2d wk Mch
.
3,082
71.117
9,490
0,287
86,221
22,444
47,800
72,089
6.14C
2,633
11.614
50.421
4.6'-'9
85,271
20,848
0,719
182.832
39.451
81,000
350.535
38.178
53..528
27.037
29,568
4,659
32,620
130,320
74,837
72.649
55.4()0
2d wk Mch
30.500
7,234
117,501
146,625
M.Bt.P. AS.S.M. February
587,957
Mo. Kan. A Tex. F'ebruary
247.544
Mobile A Ohio
Febiuary
29,700
MontereyAM.G February
279,315
.Nash. Ch. ASt.L. F^ebruary
NewBrimawck. January...
62,981
.N". Jersey A N.Y. January...
18.173
11,520
New Orl. A Gulf February
2.703.853
N. ¥. C. A H. R. February
.MincralKauge.. February.
.Minneap. ASt.L. euiuary
.
.
.
.
.
.
.
Jan, 1
1888-0.
.
.
S. 1. L. E.
N. Y. Pa. A
A W. Jmuarv...
•2.155.785
Ohio January...
584,642
434,407
40,279
40,766
104,466
107,959
63,707
559.118
353,700
12,066
25,302
A
N. Y.
N. EnK. January.
!f. Y. ANorth'u. February
S. Y.Ont. A W.. 2d wk Mch
N.Y'. Susq. A W.. January...
.
.
.
A
2d wk Mch
N'theast'nLS. C.) Decemb'r.
North'n Central. January.
Sonheru Pacific 2d wk Meh
Norfolk
Wo-st.
Ogd.ALakeCh Wk
Feb. 1
Ohiolnd. AW.. 4th wk Feb
Ohio A Hiss
2d wk n eh
Ohio A Northw.. February
.
A Maysv. B'ebruary
River
2d wk .uch
Ohio Southern.. Februar\
Col.
.
01. io
.
01 io Val. of
Ky
1st
.
wkMch
Omaha&St.L.. January...
Oie^ou Imp. Co. January...
Oregoniau
Decemb'r
Penu.syivania
January...
..
KeoriaDec.AKv. 2d
Petersburg
A Erie...
A Read'
A West'n
Phlla.
Phila.
Pittab.
(4.
wk Mch
January...
Jauuary...
January...
Jauuary...
January...
January. .
2d wk .Mch
Pitts.Clev.AT.
Pitts. Pain. A F.
Total system
Pi.tts. Y. A Ash.
February
f I. Royal A Aug. Decemb'r
I
.
.
j
W.Car. Decemb'r
Pres.AAriz.Cen.'january...
Pt.Hoy.(\;
OuincyO.AK.C. February
Kich.ADauviile. February
Vir. Mid and. F'ebruary
Char.Col.AAu. February
Ool. A Greeny. February
.
.
.
.
.
.
West. No. Car. February .
Georgia Pac
February
Wash.O.ife W.. [February
A.shv. A 8i>art. February
Total Sys'iu. 2d wk .Mch
Rich. A Petersb.! January...
Rio Gr. West.. 4th wk Feb
Rome A Decatur F'ebruary
Kume W. A Ogd. January..
Sl.L.A.AT.H.B's IstwkMch
St.L.Ark.ATox. 2d ivk .Mch
St.L.DosM.AN. February
St L.ASauFran. 2d wk Mch
st.PaulADul'th February
3t P.Min.A Man February
East, of Minn. February .
MontanaCciit February.
S.Ant.AAr.Pass IstwkMch
.
.
.
.
.
.
.
.
.
Kran.AN.Pac IstwkMch
Fe ruary
2d wk Mch
SciotoVal.AN.E. February
siienandoah Val Februa. y
South Carolina February
So. PaclUc Co.—
8.
8av. Am. A Mou.
Seattle L. 8. A E.
.
.
-
83,601
15,283
598
10.069
Morgan'aLAT. January.
1888-0.
189.818
23,238
7.849
101.199
23.900
,097,811
6.144
2,33-*,323
122,750
128,894
,226,709
38,237
73.289
33,2i
3,982
62,979
4,487
4,060
80.988
19,062
30,690
65,436
9,954
2,877
11.731
40,599
5,030
45,818
18,25.^
12,139
165.432
33.508
85.324
347.010
36.119
50.8S0
8,365
27,345
33?
87.902
99,339
74.269
81,133
57,771
20,986
7,597
93,172
101,782
478,372
277,059
275,627
5S,6-20
15,704
10,612
287.858
298,270
2,636,993
60,113
120.000
319,993
6,096
940.812
47,798
59.509
748.044
246.^16
99,100
143,467
72,179
16 740
11,614
681,904
9,129
917,663
44.191
•
118.957
388.427
463,0'28
197 831
3,727,902
350.254
735,262
58,507
62.526
0,451
352,960
1,3,7,140
771571
655.708
5 3.312
259,908
l',354
222,286
352,322
1,22 7,721
539,590
93,400
987,901
62.981
18.173
11,.'J17
26.20')
,461,730
,924,291
9,627,259
2,155.785
584,642
469,402
412.573
40,469
28,535
103,248
110,436
53,616
464,749
337.083
10,506
21,251
83,073
12,105
774
10,393
48,604
43 1,407
8'2.881
327,937
101.46 i
1,148.953
617.265
559,1
1
3,0,>7,264
62.311
245,428
791.212
30.970
1,211
11(>,876
« '
169.700
19,199
7.980
86.329
2,224;967
12,0§«
2I3,B06
256,8<>2
2,481.999
73.4g
30"7",4a)
8,4J8
4.50.908
43,920
41,376
749,6fe
199,795
67,120
131.284
500,^6
10.S75
481,441
36.129
129.209
393,180
451,9^1
3,' 36,39
343;7«
S80,d^
99;*7^
3"e2,6"^
1,135,360
728.800
741,967
461,979
204.389
16,112
176,562
194.857
949,214
961,261
6(8.707
58,820
15,704
26,976
5,1-1,880
1,924,'201
469,402
412,578
83,379
279.059
103.'248
092,708
610.996
464.740
3,057.446
47.85T
229,344
770,»3T
25,904
1,494
92,79?
94,730
20,487
88.880
298,636
70,313
4,528,746
146.430
42.871
258,570
1,483,302
110.311
38,707
20,081
390,079
82,924
32.380
50.261
277,398
72,946
,528,746 5,142,311
1 1,200
140,872
41,061
42,671
327.811
258,570
1,566,730
1,,463.302
115,5-24
115,5211 110.311
32.(i35
32.835
38.707
17,012
20,581
17,942|
393.087
41.733
40.089
95.441
58,070
317.608
315 757
25,205
28.845
335,578
41,169
364,788
39.520
11.925
10,477
11,9:
10.477
40,138
20,005
35,735
17,709
80.3.609
939,26.
447,139 307.671
277,264
333,85:
165,396 132.901
184.506
8l'.99Si
171,881
88,820
143.r,50
184,63-,
95.769
74.383
144.190
149.79
71,72b
71.151
235.289
34(>.671
151,798 108,559
16,63.'1)2,810
7,890
5,939
19.011
21.08(
0.691
10,354
258,250 277,3 iO 2,704.901 2,342,287
24.087
27.231
27,-236
24.087
211,825
208,30(;
2o.07.>
26,200
8,2uO
17.6.5t
4,200
8,750
25-2,312
281,141
281.141
252,3
17.t,331
199,71.
19,050
20,468
626,510
79,.,02(.
59,50(
63,196
9,0f0
1 l.ib'.i
4,559
5,751
104.541 1,133.088 1.042,153
106.101
l»i5,5"
13-2i353
72,2J4
76,745
776.444
382.32"
954.491
445,114
36,005
65,684
20,058
24,025
90,010
132,017
45,957
57,495
181.217
•270,.i99
14,53.3
28.210
98.026
10,01'.
81,453
9.419
4:^,3.52
32,287
17,215
20,90.1
4.^.443
58,734
5,384
6,560
98.981
97,930
48,180
47.842
109.722
178,615
57,000
87.000
280,908
285,284
123,315
143,000
37.9r>8
3.309
50,261
277,398
7,402
5,142,311
15,2*1
43,061
327.811
1,566,730
2,313
38,880
298,636
4,314
1
I
Gal.llar.AS.A. January...
Louis'a West.. Jauuary.
Laie*t Date.
19.709
19,198
3,717
86.329
10,«08
.
.
(o
1889-90.
334,210
94,3-6
446,369
14.476
175.645
325.960
94,856
445,2j7
9,600
1 26,460
334,210
94.3
4)8.369
325,960
94,856
415,217
9,606
14.476
N. Y. T. A Mex. January.
12O.460
175.640
Tex. A N. Orl. January...
1,002,100
1,065,0761
l.OOi.lOO;
l,0(i5,076
January
Atlantic sys'm
2.312,672
Pacitic systeui January.. 2,068,338 2,512,672' 2,u68,338
.
'IHE CHRONICLE.
420
Bamingt Reporttd.
Latest
BoADS.
WeekorMi] 1889-90.
January.
KK.—
Pao.
134,705
500,091
173,024
87,223
105,127
93,750
I
433.9911
146,797
73,461
12,808
48,148
53.862
43,195
17,600
104,738
25.594
.
!
Btaten I. Kap.T.i February
Buinmit Branch. February
Lyken« Valley February
xenn. Mkllaud February
.
.
.
Cln. .laa
134,705
500,091
173,024
87,223:
11,301
43,808
99.494
63,752
16,351
124,282
18,686
219,0,54
5,991
22,833
7,626
19,131
29,685
17,797
7,751
19,028
17,550
54,766
229,842
15,896
168,751
294,731
151,952
29,582
1,206,958
171,052
43,179
195,371
14,677
161,753
167,643
333,043
126,249
25,883
69,675
460,855
264,995
24,513
57,016
333,043
126,249
260,613
69,675
460,855
264.995
201,223
57,016
1,495,871 ,461,155
2,148,011 !,331,897
108,916
57,583
2,256,927 !,S89,480
62,018
60,386
2,899
2,59
2,750
2,689
32,836
33,833
2,289,763 2 ,423,314
11,670
12,416
1,495.871
2,148,011
1,461,155
2,331,897
.
.
Texas & FacUlc. l2d wk Mch
Tol. A, A.&K. M. 2(1 wk Mcli
&
wk Mch
T0I.& Ohio Ceut.'2d wk Mch
Tol.&O.Cen.E.x.;February
Tol. P. & West., istwk Mch
Tol. St, I,. & K.C. 2d wk Mch
.
1,396,328
227,651
4,926!
Union Pacific—
&U. N.
Or. S.L.
January..
Or.By.&N. Co.! January...
St. Jo. &G'd Isl. 1st wk Mch
1
Den, Lead. A- G. January.
J
All oth. lines. January.
Tot.U.P.eys.l January.
Cent.Br.i L. L. January. .
Tot. cout'ledl January...
21outaua Un.. January..
teav.Top. & 8. January.
Man.Al.ii Bur. January...
Joiut.owu'd,>-2 January..
Grand total. January.
Vermont Vallev January...
.
.
-
2d wk Mch
"Western of Ala. February
XVest.N.Y. & Pa. 2a wk Mch
"Wabash
2dwk Mch
Wheeling &L.E.
& Aiig..Deeemb'r
Wisconsin Cent. 2d wk Mch
Wrights V. & Ten J anuary
Vfil. Col.
.
. .
I
Mexican currency.
57,533
108,916
2,256,927 2,389,480
62,018
60,386
2,899
2,597
2,750
2,689
33,833
32,y36
2,289,763 2,423,314
12,416
11,670
2,563,158 2,236,671
107,549
112,473
578,937
623,672
82,959
93,367
61,020
69,377
171,425
204,901
800,320
891,380
614,603
800,354
6,137
7,625
216,638
47,528
53,000
82,959
61,020
16,610
77,878
66,541
6,137
233,352
50,943
62,400
93,367
69,377
20,728
84,713
84,970
7,625
West Jersey
January....
W.V.Ccu.&Pitts.'januarv...
X
ffMaln Line.
—
Latest (Jross Eariiina:N by Weeks. The latest sveekly earntngs in the fw'egoing table are separately sumtned u)) as foUows:
For the second week of March our aggregates for the 57
roads in the statement below show 6'95 per cent increase over
the same week last year.
2;*
week of March.
&
Pacific
Ohio Southw
Buffalo Eoch. & Pitts....
Canadian Pacific
Chesapeake & Ohio
Chicago & Atlantic
Chicapo & East. Illinola..
Chicago Mil.
St. Paul..
Chicago* West Michigan.
Cincinnati Jack. & Mack.
Colorado Midland
Col. &Cin. Midland
*Denver & Rio Grande ..
Bait.
'
..\:
Detroit l>aus. & North..
Duluth 8. 8 & Atlantic...
Evausville & ludianap...
Evansville & Terre H
Mint & Pere Marquette..
Craud Rapids & Indiana.
Cincinnati R.&Ft.W...
Other lines
lowu Central
Keokuk & Western
take Erie & Western
X^nlsvllle
it
Nashville...
Ixjulsville N. 0.
& Texas.
3,993,554
3,733,979
Korthom Pacific
Ohio & Mississippi....
Ohio River
Peoria Decatur iEvansv.
Pittsburg & Western
1Kich. & Danv. (8 roads).
St. Louis Ark. & Texas.
St. Louis A San Francisco.
Seattle L. 8. & Eastern
258,2,50
.
.
Texas & Pacific
Toledo Ann A. &No.Mich.
&
Cincinnati.
Ohio Central...
St. L. & Kan. Citv.
Wabash
(consol. system).
Western N. Y. & Penn.
Wheeling A Lake Erie...
.
Wisconsin Central
Total (57 roads)
Het increase 16 95 p. c.)..
* Snow storms interrupted
traffic this year.
For the first week of March the
S3 roads shows 7'31 per cent gain.
Id/
week of March.
1890.
*
final
At.Top.AS.F. A- I'd roads
Burlington C. Rap. & No.
1,628
Grand Trunk
Chicago
of
1890,
26,532
365,735
70,099
20,893
5,490
Canada.
& Gr. Trunk
Detroit Gr. H.
Kanawha
.fc
.
&MU...
Ohio
Kansas C. Mem. & Birm
Little Rock & Meiiiphis..
22,444;
9,7151
.
Memphis & Charleston.
32,629
3,309
25,883
28.210
9,419
.
Ohio Val. of Kentucky...
St. Joseph & Gr. Island..
San Antonio & Ar. Pass..
San Francisco & No.Pac.
978
2,470
10,880
14,279
1,765
494
4,422
192
9,453
3,525
2,648
30,985
568
2,311
9,514
12,231
2,477
16,617
1,472
576
2,041
1.644
19,050
3,690
1,560
1,176
19,544
,
58,646
t One day less In 1890.
statement embracing
Decreast
$
6a,210
6,068
1,836
1,524
3,946
812
7,954
63
1,186
1.003
3,382
2,424
5,273
996
1,370
13,675
593
461,710
385,142
76,568
Net Eariiiu^s Monthly to Latest Dates.— The tables followshow the net earnings reported this week, the returns for
each road being published here as soon as received, but not
kept standing from week to week. The figures cover the
latest montiis and the totals from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
does not correspond with the calendar year.
-Qrnm Eamings.1889.
1890
Itoadi.
-.Ve(
Eamtngs.-
1890.
1889.
$
Atch. Top. &S. Fe..Jan. 2,173,265
July 1 to Jan. 31. ..17,175,267
Roads
jointly
1,834,764
673,413
6,288,172
378,589
owned—
144,411
8,943
9,325
105,897
811,554
80,589
1,979,175
682,356
387,914
Jan.
2,279,162
Whole system....
17,986,822 17,123,248 6,368,761 4,683,330
July 1 to Jan. 31
21,500
15,480
10,400
34,580
Atlantic & DanvUle. Jan,
361,029
286,720
B.&0.,lineseast O.R.Feb. 1,338,945 1,118,170
844,328
617,950
2,352,404
28...
2,819,927
Jan. 1 to Feb.
Oct. 1 to Feb. 28... 7,709,658 6,267,964 2,744,686 1,897,341
10,480
370,365
334,566
26,241
Lines westof O. R.,Feb.
22,951
706,650
9 4,188
785,246
Jan. 1 to Feb. 28...
301,563
479,167
Oct. 1 to Feb. 28... 2,238,439 2,009,923
387,270
297,200
Feb. 1,709,310 1,452,736
Total System
938,516
640,901
Jan. 1 to Feb. 28... 3,605,173 3,059,054
Oct. Ito Feb. 28... 9,948,097 8,277,887 3,223.853 2,198,909
183,387
57,019
{117,766
:26,582
Buff. Boch. & Pitts. Jon.
264,572
753,508
168,592
614,988
Oct. 1 to Jan. 31...
862,069 1,084,767
53,806
192,610
Jan.
Central Pacific
3,101
51,872
59,488
11,918
Clev. Akron & Col. ..Jan.
82,350
461,331
440,888
121,485
July 1 to Jan. 31...
75,000
14,581
274,600
168,899
Den.Tex.&Ft. Worth. Jan.
337,052
566,739
July 1 to Jan. 31... 1,847,946 1,456,532
51,331
41,347
29.201
20,055
Det. Bay City & Alp. .Feb.
80,262
46,346
37,957
90,821
Jan. 1 to Feb. 28...
74,359
20,381
17,657
58,998
Ellz. Lex. & Big San .Jan.
228,111
202,062
52,969
48,088
Fllnt.&Pcre Marq...Jan.
185,731
207,308
98,347
96,225
GeorgiaRR.&B'gCo.Jau.
14,620
51,913
19,206
Georgia 80. &Fla.... Jan.
Atchison's half.. .Jan.
July 1 to Jan. 31...
of Can. Jan.
Chic.&Gr. Trunk. .Jan.
Det. Gr. Hav. & M.Jan.
298,561
62,699
16,685
$
Feb. 1,157,640
Illinois Central
Jan. 1 to Feb. 28... 2,338.323
July 1 to Feb. 28... 10,083,404
5,370
Cedar FaUs&M...Fe'j.
10,612
Jan. 1 to Feb. 28...
63,232
July 1 to Feb. 28...
144,377'
Dub.&SlouxOity.-Feb.
287,658
Jan 1 to FeD. 28...
July Ito Feb. 28... 1,321,300
149,747
Total Iowa Lines. Feb.
298,270
Jan. 1 to Feb. 28...
July 1 to Feb. 28... 1,384,532
32,342
Ind.Dec.& West.... Jan.
121,768
Jan.
Iowa Central
71,382
Kentucky Central... Jan
32,326
Keokuk & Western.. J an
218,081
Lake Erie & West. ...Jan.
59,643
Little Rock & Mem. .Jan.
205,697
Minn. 8t.P. &8.S. M.Jau.
Jan.
62,981
New Brunswick
564,110
July 1 to Jan 31...
Jan.
14,686
GuU
Orleans
&
New
40,626
New York & North Jan
181,220
Oct. 1 to Jan. 31...
Jan.
48,685
OhioRiyer
277,398
Jan.
Oregon Imp. Co
31...
587,939
li)cc. 1 to Jan.
43,061
Jan.
Petersburg
258,048
July I to Jan. 31...
95,441
Pitts. Youngs & Asfi.Feb.
18,026
Quincy Omaha &K. C.Jan.
447,139
Feb.
Rich. & Danville
939,268
Jan. 1 to Feb. 28...
July 1 to Feb. 28... 3,611,073
165,3)6
Virginia Midland.. Feb.
333,652
Jan. 1 to Feb. 28...
July 1 to Feb. 28... 1,526,180
86,820
Char. Col. & Aug. Feb..
171,880
Jan. 1 to Feb. 28...
647,159
July 1 to Feb. 28...
95,769
Columbia & Gr'uv.Feb.
184,637
Jan. Ito Feb. 28...
614,043
July 1 to Feb. 28...
71,151
West No. Carotin a. Feb.
149,795
Jan. 1 to Feb. 28...
577,145
July 1 to Feb. 28...
151,796
Georgia Pacific.... Feb.
346,671
Jan. 1 to Feb. 28.
July Ito Feb. 28... 1,21':,563
.
1,065
5,036
12,135
16,714
9,400
4,118
18,429
«
299,124
111.445
13,394
$
25,720
357,781
70,036
19,709
4,487
19,002
12,139
37,902
2,313
24,513
14,535
10.012
ing
. .
"6,908
1
Decrease.
9
p. c).
8,500
5,986
1,413
Increase.
Increase.
S
£
£
548
818,221
259,575
1889.
5,270,287
Total (83 roads)
Net increase (731
Grand Trunk
424
323
1889.
$
$
11,000
38,276
6,589
12,374
21,431
2,670
4,167.004 3,930,090
498.221
386,776!
69,769
56,375;
140,984'
134,916
Cin. N.O. &T. P. (5 roads).
14,923
13,087
Cleveland Akron & Co! ..
25,526
X>uluth 60. Sh. & Atlantic
27,050
119,240
East Tennessee Va. & Ga.
123.186
PrfiT'lyreport'd (Olroads)
Deerea$t.
6,804
8,504
9.9.335
63,196
106,101
6,560
104,738
25,594
5,991
22,833
29,685
233,352
62,400
20.728
84,970
Morfolk & Western
Col.
50.731
37,440
34,394
235,000
101,001
45,650
49.571
450,569
26,715
10,149
32,577
6.237
133.0J0
19.480
25,149
5.785
15,249
54.580
43,123
8,688
4,388
33,266
5,954
45,818
347,010
50,880
57,535
45,944
32,766
246.000
139,277
52,239
61,945
472,000
29.385
10,573
32,900
5.689
124,500
25,466
26.592
4,807
17,719
65,460
57,402
10,453
3,894
37.688
6,146
55,271
350,535
53,528
130,320
74,837
55,460
30,500
40.766
107,959
353,700
83,601
10,969
15,241
40,089
74.269
57,771
20,986
28,535
110,436
337,083
85,073
10.393
13,200
41,733
277,300
59,506
104,541
5,384
124,282
18,686
4,926
17,797
17,550
216,638
53.000
16.610
66,541
.
&
Iticrease.
$
'
Mexican Central
Mexican National
•Milwaukee L.8h.& West.
Milwaukee ic Northern
New York Out. & West...
Toledo
Toledo
Toledo
1889.
1890.
$
&
Atlantic
iHiouk of March.
1888-9.
3,514,772
New Mcx. Dlv. January,
Bpar. Un. & Col.JDecemVr.
lol. Col.
[
116,440
435,991
146,797
73,461
121,989
99,764
110,191
98,894
34,092
116,440
January...
Bo. Dlv.
January...
Arizona Dlv.. January...
(Cal.)
(Cal.)
.
Latett Date.
3,133,414;8,514,7721 3,133,414
I
Kg. Dlv.
to
1889-90.
Florida Ccnt.& Peninsula.
O. Paclfle Co.
Total of all. .
fk).
Jan. 1
1888-9.
[Vol. L.
.
.
284,185
52,132
15,699
$
«
65,618
13,805
1,085
£
59,117
11,345
1,498
$
•286,009
*419,601
1,097,811
2,224,957
*t335 521
841,858
8,595,840 *3,732,368 *3,113,54S
6,141 def. 5,720 def. 2,051
12,996 def. 10,810 def. 3,711
65,196 def. 40,413 def. 11,183
122,750
7,032
19,502
243,606
24,555
35,777
1,217,946
1318,096
t255,431
1.312
128,894
17,451
256,602
13,745
32,466
307,683
244,248
1,283,142
35,219
3,355
11,196
116,661
26,047
21,248
28,028
68,848
18,194
26,559
15,103
10,212
186,454
85,733
70,997
62,718
25,941
25,630
93.075
86,388
23,389
58,620
16,684
13,541
525,751
183,594
161,907
2,172
def. 594
15,459
39,212
2,868
3,587
18,632
21,221
38,093
12,747
298,636 def. 7,906 def. 12,400
634,218
6,507 def. 12,168
42,671
21,621
20,277
64,514
233,600
97,061
12,460
40,375
58,070
4,104
5,597
20,133
179,910
206,254
397,671
355,163
440,882
805,609
3.205,824 1,58,5,799 1,385,395
50,677
40,554
132,902
84,959
76,165
277,264
545,323
454,387
1,266,093
80,999
35,234
34,509
65,678
164,565
67,884
653,489
74,333
143,350
497,105
71,723
144,190
505,487
108,559
235,289
940,120
227,652
45,648
85,710
244,338
27,936
52,720
151,803
6,790
57,670
243,935
261,509
34,421
64,426
201,281
14,091
23,499
80,341
13,062
50,170
197,041
March
THE CHRONICLE.
32, 18«0.J
Orott Eamtnaii.
1890.
1889.
I
«
Roafh.
,
-Xel.
1800.
1889.
9
$
9
Richmond & T)anvll\e-Oontiniied—
Eamtnon.
.
OIilo & West.Fob
7,890
5,039 def. 1,172 def. 2,333
12,810 def. 2,233 def. 2,120
Jnn. 1 to Feb. 28...
10,038
July 1 to Feb. 28...
92,129
82,245
19,156
21,.'J2(>
Ash. I& Spart»nb..Feb.
10,354
9,604
2,178
def. 632
Jan. 1 to Feb. 28...
31,080
19,011
3.380 def. 1,002
July 1 to Fob. 28...
87,511
82,513
9,200
14,197
Total 9yHtem...;..Fcb. 1,030,314
373,.'J42
881,870
313,582
.fan. Ito Feb. 28... 2,103,627 1,802,087
633,.')H5
788,960
July 1 to Feb. 28... 8,373,803 7,232,8 iS 3,027,204 2,015,970
BIchniM & Petersb..Jan.
24,087
7.040
27,236
8.402
July 1 to Jan. 31...
158,379
170,101
50,110
42.232
St. L. & 8au E'ran...Jan.
448,77-1
429,237
185,395
106,701
St. Paul & Duluth
.Jan.
87,243
00,119
12,703
def. 122
July 1 to Jan. 31...
877,350
288,620
Shenandoah Valley. Jan.
91,615
52,722
12,278 def.37,346
Wash.
421
allthe loases from the withdrawal of a large through busineas.
The earnings and expenses, and the income account, for
four years were as given below
BAB.VI.NOa AMD EXPENglg.
:
Bamlngtfrom—
1886.
$176,1.55
Pa««engerB
Totalfamlngg
OporatlDg
e.xi>ensei...
Not earnings
Co—
Galv. Hnr. & S. A.Jan.
334,210
325,960
57,300
03,905
Louisiana Wost'n.Jan.
94,370
94,850
49,003
50,804
Morgan's La. ATox..Ian.
440,309
445,217
143,065
149,008
N.Y. Texas & Mox. Jan.
14,470
9,000 def. 3,622 def. 10,005
175.C.15
Tex. liNowOil'ns.Jan.
120,400
80,345
34,207
Total Atlan. sys
Jan. 1,065,076 1,002,100
326,811
288,608
Total Pac.sys
Jan 2,068,338 2,512.072
300,948
581,423
Total of all
Jan. 3,133,414 3,514,772
627,759
870,031
South Pacific
RR —
Coast Division
116,440
435,991
140,797
73,401
53.862
110,494
43,195
98,894
10,492
21,069
95,800
825,004
8,270
71,700
503,326
Jan.
Southern Division. Jan.
Arizona Division.. Jan.
New Mexico Div..Jan.
Summit Branch
Feb.
Jan. 1 to Feb. 28...
Lykeua Valley.. ...Feb.
Jan. 1 to Feb. 28...
Tennessee Mldlanl-.Jan.
Toledo Col. & CIn
Jan.
Tol. iScOhio Central. Jan.
July 1 to Jan. 31...
Tol.&O. Cent. Exteu. Jan.
Tol. Peoria & West.Jau.
July 1 to Jan. 31...
Union PacificOre. 8.L. & Ufh No. Jan
Ore.
R'y&Nav.Co-Jan.
AGr-d laL.Jan.
Den.Lea^lv. &Gun.Jan.
All other lines
Jan.
Tot. U.P. system. .Jan.
St. Jo.
.
Cen.Br.&le'9'rtl'ns.Jan.
Montana Union
Jan.
Leav.Top. &8o'\v..Jan.
Man. Alma &Burl. Jan.
134,705
22,173
500,091
78,220
173,024
47,782
87,223
28,393
99,494
11.660
219,054 def. 21,362
63,752
9,939
151,952 dof.14,733
13,228
4,105
18,740
9,149
81,456
37,010
721,430
345,207
6,928
4,164
68,012
14,500
544,612
133,500
39,229
121,072
52,614
30,462
31.305
40,488
11,038
10,181
2,280
9.227
22,500
228,021
3,399
14.407
119,517
333,043
120,249
123.173
69,675
460,8^5
899
101,774
204,995 df .100,657
30,592
87,876
54,720
18,499
57,010 dcf. 31,588 def.27,808
1,495,871 1,461,155
374,025
404,942
2,148,011 2,331,897
294,403
587,998
108,916
57,583
48,344
9,588
60,380
62,018 def. 89,845 def.28,143
2,597
2,899 def. 3,227 def. 1,845
2,089
2,750
636
783
owned—
Lines jointly
OneUalf
Grand total
Jan.
32,836
Jan. 2,289,763
Wrightsv.&Tennille.Jau.
7,625
•
33,833 def.46,218 def .14,602
2,423,314
296,529
582,984
6,137
3,876
1.817
* Taxes and betterments deducted here; amount spent for
bcttei^
ments for the eigbt months to February 28 in 1890, $190,199, against
$191,535 last year.
t $110,279 expended for permanent Improvements, against .$107,169
for the eight months last year, both charged to capital account.
i strike at mines reduced earnings.
ANNUAL REPORTS.
(Tor
The report of
the year ending
& Bi^
December
Sandy.
$222,245
340,462
44,122
$937,528 $1,115,073
609,908
700,219
$1,008,081
683,756
$8I.^82»
533,580
$322,933
$28a,23»
$327,020
$408,854
INCO.ME ACCOUNT.
1886.
1^87.
Netr«oelpt8 (Ino.mls.) $333,610
1889.
$328,320
$292,078
$264,7.34
$100,920
19,200
42,674
$190,920
60,254
44.843
$196,020
40,968
Total d'sbursements. $326,528
Balance, surplus
$7,088
$257,046
$100,953
$302,019
$20,501
$279,090
$l2,38a
Inttrcaton bonds
Rentals
Taxes and miacellan's.
Kentncby
CFor
The annual
1(>,167
41,581
4I,18»
C<>ntral Railnay.
the year ending
December
31, 1889.^
Mr. I. E. Gates, President, states that
in addition to the net earnings the company also received
from the sale of certain property at Covington the sum ot
$86,534, which amount has been applied as a c.-edit against
charges for new work. The company has also leased to the
Bridge Company certain pieces of ground situated in Covington for an annual rental of .$5, '362, with the option of purchase
at $87,700 and to the M. & B. S. RR. Co., its sliojis in Covington, the grounds upon which they are situated, and certam
machinery, for an annual rental of $14,163, with option of purchase at .5336,050.
As compared with 1888, there is a reduction in the fixed
charges of ^7,821 in taxes and miscellaneous expenses, an ini-eport of
;
crease of $9,T20 in interest on bonded debt, and of $.50,690 for
rental for the use of Grand Central passenger station in Cincinnati, and the Cincinnati Bridge, over which this company
began to rim its trains in March, 1889. The latter sum appears
as an item of increase only becaase the difference between the
present and past transfer charges have inured to freight
earnings.
The operating expenses have absorbed 52-01 per cent of the
gross earnings, as against 53-37 per cent in 1888, and are $5,786
less than in the previous year.
There has been expended for construction and improvement
$106,338, of which 82,960 was expended for account of new
yards and shops for real estate $34,836, on behalf of said shops
and yards, and for equipment $297, making a total of $141,46^
all of which has been charged to the capital account of the
company. Against this sum has been credited $80,524, derived
from the sale of grounds at Covington to other roads, and
which afforded to the company an opportunity to make advantageous purchases in other parts of the city better suited
to the convenient and economical handling of its business.
Thh earnings and expenses, and income account, for 1888
and 1889 were as below given.
EABNINGS AND EXPENSES.
Xahningafrom
1888.
1889.
Passengers
$370,826
,
$372,491
Freight
590,197
612,343
Mall, express, &o
'5,657
78,97«
;
—
Total
$1,042,680
590,141
$1,003,819
381,837
$452,239
$481,978
Neteamtnga
INCO.ME ACCODNT.
Jlr. Jo.seph P.
&
1888.
$117,099
Disbursement—
31, 1889.^
Lloyd, President, remarks that
there has been a decrease in the gross earnings of §192,859, or
19-12 per cent, due partly to the opening of the River Division of the Chesapeake
Ohio Railvs^ay from Ashland to Cincinnati, which withdrew a large amount of through business
formerly carried over this line via Lexington, and partly to a
diminution in the local coal traffic due to the exceptionally
mild winter. The operating expenses have been reduced
8152,166, or 32-19 per cent, aud have absorbed 65-40 per cent of
the gross earnings, as against 67-98 per cent in 1888. This
reduction is mainly due to the saving in the large train mileage necessarily incident to through traffic and the greater
relative economy of transacting local business.
The physical
condition of the roadbed, track and other property of the
company has been fully maintained.
The earnings from coal have been $107,167, a decrease of
$35,699, or 34-98 per cent; from local freight $305,486, an increase of $35,147, or 13 per cent; and from through freight,
$136,808, a decrease of $184,139, or 57-36 per cent; total freight
earnmgs $.549,462, a decrease of $184,681, or 25-16 per cent,
under 1888. Compared with 1888, there has been a decrease in
the coal tonnage of 32-64 per cent, a decrease in the local tonnage of 3-73 percent, a decrease in the through tonnage of
63-41 per cent; and a decrease in the total tonnage of 38-05 per
cent in the ton miles of 44-34 per cent.
There was ex(3ended during the year the sum of $34,879 for
construction and improvement, and $6,356 for equipment,
a total of $31,235, which has been charged to the capital
account of the company. While the results from the year's
operations fall largely short of the years in which it enjoyed
nearly aU the through traffic from the west and southwest
to
Newport News, the President remarks that the road has
demonstrated its earning capacity by earning more than tlie
tixed chai-ges during this year, when it had
to sustain at once
I^8».
734.143
.5,932
Operating expenses and taxes
Elizabethtown Lexiiigton
1888.
$228..'i0l
. .
SoiiUiern Paclflo
1887.
$232,521
849.088
32,861
731.H72
29,501
iTOlght,
Mall, express, dio
Net Income (Inclodtng other receipts)
Dedvct—
fntcreet
on bonds
BentaU
Mitoellaneous
Total
Balance, surplus
1888.
1889.
^56,729
$480,519
233,340
55,265
13,249
273,060
105 962
$331,834
$124,875
$387,218
$99,301
8,296
Flint & Fere Marquette.
fFor the year ending December 31, 1889.^
In advance of the pamphlet report, the results for 1889 have
been furnished to the Chrootcle as below, the POrt Huron
Division not being included in the statistics
INCOME ACCOUNT.
1886.
Tofal gross eam's..
Opor. exi>. & taxes.
Net earnings
Deduct—
Interest on debt.
Dividends
Total disbursem'ts.
Balancefortheyear.
1887.
2,100,771
1,511,102
2,572,937
649,669
322,910
325,000
647,910
1,759
aur.
Illinois
:
1888.
1889.
l,815,'283
2,403,074
1,646,424
2,370,133
1,623,367
757,634
756,650
746,768
329,194
422,500
332,939
449.470
366,421
330,520
751,094
782,109
5,960 def. 25,759
746,941
sur.
def.
175
Central— Iowa Lines.
CFor the year ending December 31, 1889.^
At the annual meeting the President drew the attention of
the stockholders of the Dubuque & Sioux City Railroad to the
fact that for the first time in more tlian twenty years the interest on the debt exceeded the net earnings of the railroad,
such excess being $117,507, to which there should be added
the following losses by reason of operating the Cedar Falls &
Minnesota lUiUroad:
THE CHRONICLE.
421^
iBt.
^.
Tbn
ezref>8 of
expensrsof or>eratloa and taxes over the
KTO semninus of Ih^t
rallroft I
The rem ol of ilim ruilioa" paid into court to
sult ft the suit uruut;lii to auuul the lease
the 1"88 by reneon rf the Ctdar Falls
the total diUcleuey for the year
Uakire
re-
113,370
& Minn. ER
And
The President remarked
Dubuque & Sioux R. R. and
" The gross
of the Cedar
R. R.. having together been for the year
ficiency is more than 14 per cent of such
:
$152 718
earnings
" It will
The Vice-President of the Trust says
difference as to our status and we shall proceed to reorganize in regular corporate form. The dividend will bo
duly paid. The action of the Illinois 3u};reme Court leaves
us in precisely the position we were in two months ago,"
Trust suit.
$59,348
abide the
[Vol. L.
$270,255
of the
&
Minnesota
Falls
§1,915,298, this de-
:
make no
—
Concord. It is stated that the block of Concord Riilroad
stock, consisting of 4,190 shares, owned by Nf rthern Railroad,
Maine.
has been purchased by Mr. Frank Jones, of Ecston
&
—
&
gross earnings. If,
Denver & Rio Grande. The stockholders of the Denver
therefore, the rates obtained are to give to the owners of the Rio Grande Railroad Company have received the following
property compensation, however snml and the State can- circular, issued by Mr. Geo. CVppell, chairmain, by order of the
not make and enforce rates of transportation to be charged Board of Directors: " The steady development of the State of
by railroad corporations and other common carriers, wliich Colorado has been fully shown by the largely increased earnare so low as not to pay fixed charges and operation expen- ings of your road in the past two years; yet in that period this
ses, then the rates received during the year 1889 must be in- company has been compelled to divide the business of its best
creased by at least fifteen per cent. The President went on to paving territory with two now railroads. But the lower rates
say that from present appearances there was little prospect of reeived for transportation would have left Uttle or no profit to
Btich an inr-rease being made, both the through, Inter-State the stockholders since 1886 had it not been for the expenditures
rates, and the local. State rates, having been materially reduced on the property, which have placed that part of iton which the
bulk of the business hasbeendonein acondilion to be operated
since 1st January, 1890."
The following is a condensed statement of income account, with economy, at the same time maintaining its efficiency.
By this we mean that the motive power and the carrying caCONDENSED STATEMENT OP INCOME FOB THE YEAB 1889.
pacity of the cars have been about doubled as compared with
Gross eirnwgs of D. d A'. O. HR. (o24-01 mites) —
$1,320,927
B'nmi traffic
what they were when we took x>osses£ion in July, 1886,
2a, 177
From lutmest dividends, ifec
curves have been so materially reduced
$1,844,104 and grades and
to the excellent
results now
as to largely contribute
), 332, (ill
Operation expenses and taxes.
shown. While we had been led to expect that on parts of
$511,4'
yoiur road the heavy new equipment, loaded, could have been
120.137
Necessary ImprovementB
moved on the light rails which we found there, experience
$391,326 has demonstrated that the weight of the rails must be coinNet applicable to interest
mensurate with that of the equipment, in order to avoid seriInttiest —
On debt of Dubtique A Sloux City and Iowa Falla
ous accidents; and as a consequence large expenditures are
$312,333
& Sioux City ErC Co ...
now necessary for new, heavy rails on those parts of the road
Rapids
olji-e
Dakota
and
Cedar
of
Chu
&
del)t
On
that we have under alteration. The near completion of the
196,500
& Chicago KR. companies
.508,833 standard-gauging of our connection on the west from Grand
Junction has compelled your directors to order such work on
Excess of interest on the debt over the net
$117,507 your line as could be done during the winter months by the
eariilugsoi: theD. & 8. C. KR.Co
force in the company's employ, and for the past two or three
Kenills of operating Cedar Falls <i Minnesota BR. for the year 1839.
lEonths about 1,000 men have been engaged in preliminary
$94,371
Gros^ eiri logs (7.'i-58 miles)
Your directors, having thoroughly investigated the
133,719
work.
OpeiatinK expeiises and taxes
further requirements of the property, both as to its physical
Exoefs of eipoT-ses over earnings
$30,548
condition and the new standard-gauge equipment rendered
HeniHlpiiid nio Court to nblie the result of suit to annul
113,370 necessary by the change, have unanimously come to the conthe leace ol tho Cetlar Falls & Mmuesota RR
clusion that to complete the work in hand that is to say, make
$152,718 a standard-gauge road from Denver to Pueblo and Trinidad,
Loss on C F. & M. RR., if lea^e be held valid.
and from Pueblo to Leadville and Grand Junction (in connection with the Rio Grande Junction Railroad Company),^ thus
completing a through standard-gauge line to the Pacific
first
mortgage
six
per
Tho
cent
bonds
Midland.
Alabama
Coast and to provide new equipment therefor it is necessary
listed
this
line
were
week
newly-completed
on
the
this
oh
to ask your consent to the issue of $4,500,000 of the 5 per cent
extends
from
Exchange.
The
road
BainYork
Stock
New
improvement mortgage bonds; and for that purpose they hand
bridge, Ga., to Mon gomery, Ala., 175 miles, on which the you herewith a form which they ask you to sign and return
The net with as little delay as possible. With the issue of that amount
bonds have been issued at the rate of §10,000 a mile.
earnings on 51 miles operated from September 1 to January 1 of the bonds (and of its necessity and the good results that are
were $31,775. Tlie locil earnings thus far shown are very likely to follow we have no doubt), the fixed charges of your
satisfactory, and the operation of the through line in connec- ruad will be in round figures $1,903,000 per annum, or at the
Western, with which it is
tion with the Savannah Florida
of $1,270 per mile, while, by the statement of earnings
map rate
closely allied, is expected to yield a large traffic.
wiU receive with this, you wiU
for 1889, which you
showing the line and its connections may be foimd in the see that the net earnings for that period were §3,332,Investors' Supplement.
410, or at the rate of $2,232 per mde. These earnings
AUentowti Terminal. This railroad, which connects the have included only a trifle of the through business to and from
Philadelphia
Reading
railroads
in
AUenCentral
and
Jersey
the Pacihc coast, as owing to the difference in gauge at our
tpwn, Pa., was opened on the 17th, together with the Union eastern and western termini this road has been, to all inpassenger and freight depots. The line is three miles long, tents and purposes, isolated and dependent on local business.
and cost about $3,000,000. The Lehigh River is bridged twice To enable us to do our share of the steadily increasing local
and tbe road passes through the heart of the city. The business in fact, to retain that which we now have and to
Jersey Central and Reading roads have joint interests in the take part in the new business that will be given by the conivew line.
necting roads, both east and west, when we are in a position
Atchison Topeka & Santa Fe.— In regard to the project to take it from and deliver it to them, the money proceeds of,
for establishing a line of steamers between San Diego and ti.e bonds we ask for must be expended upon your property."
Japan and China, the Boston News Bureau reports: Messrs.
Florida Southern— Jaclisonville Tampa & Key Wesi;.
Baring and Magoun leave for California next week and will When the kitter company took possession of the Florida
Direi
tor
Cheney.
The
purpose Southern it made an issue of collateral trust mortgage bonds
then join President Manvel and
is to make a close inspection of that section with a view to
secured by the deposit of Florida Southern bonds, which were
Pacific Steamship connections.
large majority of
invited to exchange for the new issue.
;
—
GENERAL INVESTMENT NEWS.
—
—
&
—
A
&
—
—
—
Builington Cedar Rapids & Northern. The earnings
for 1889 were $2,986,192 gross, as against $2,848,075 for 1888,
A
were exchanged, but a few remtined out. The first mortgage holders who refused the
and the net §808,258, as against $771,445 in 1888.
offer of the J. T. & K. W. collateral trusts have since the comCentral New Ensfland & Western— Hartford & Connec- pletion of the deal been suing upon the coupons of their bonds
ticut We-'tern. By a vote of the stockholders of the latter which have been defaulted. In accordance with the terms of
company at a meeting held in Hartford on the 14th inst. the the refunding agreement, the trustee of the bonds is now
lease made in August last for one year was extended to a suing for foreclosure but this action is taken simply to perperiod of fifty years from the original date on the sanae terms. fect the contract of tbe Florida Southern by the Jacksonville
The conin 1888.
ChPSaiieake & Ohio. Tlte statement submitted to the N. Y. Tampa & Key West under the plan adopted
Joseph R. ParStock Exchange contained the following exhibit of earnings trol of the road will be in no way changed.
19tu inst. made
and expeni5e9 for the six months ending Dec. 31, 1889, the rott, counsel of tlie J. T. & K. W., was on the
tlie Florida Southern.
Rich. & Alleghany Division being given first separately, and receiver of
International & Great Northern.— The receivers statethen the whole system, including the R. & A.:
ment for the calendar year 1889, in comparison with 1888, is
21. <t .1. Div.
Tolnl si/slem.
Earnmys—
$1)18.353
$2,543.-3 J given below.
The 835 mile? operated include the 50 miles of
FrclKht
100,288
782,204 the Galveston Houston & Henderson.
Passtugrr
the Florida Southern
firsts
—
;
—
Expro
8
Misiellaneoiis
Cov.
& Ciu.
BrlJge
Operating expoQ.-es
Net carniugs, six months
44,?.21
19.138
109,777
•
$769,783
Total
583,37.'5
$3,551, 03
2,462,020
$186,413
i
$1,091,081
IlUnois
Court has declined to grant a rehearing in the Gas
Chicago G*s
Supreme
54.527
0.210
4.500
7,435
Mall
—Advices from Chicago state that the
J? irnings
Freight
Pa-«engcr
—
-ail
rofs
Mi^ct;lluneoas
Ex
Total
Expenses
Heteamings
1888.
$2,320,631
723.3li9
99,533
7 1,. .58
46,833
1S89.
$7,853,072
818.95S
99,533
85,154
50,651
$3,273,426
$3,273,420
2,825,0'0
$.1,907,366
$148,366
$940,258
*,967,108
March
THE CHRONICLR
23. 1890.1
—
Leliish Valley. From Philadelpliia it is reported that the
Lehigh' Valley Kailroal hai just baught the last important
piece of proiierty for its liae from Geneva to Buffalo which it
proposes to builJ, and coatraotors will soon be invited to bid
for the construction work. The road is to be ninety-seven
miles long, and is to be completed within two years, as the
Lehigh Valley's traffic contract with Erie expires in two
years.
A
Lonisville & Nashville.— large amount of the collateral
trust sixes has already been retiied in response to the company's offer to pay them at 110 and accrued intereit, and the
bonds are coming in for payment steadily.
423
eat on the $11,000 mentioned above
The Circuit Court of
Jefferson County was reversed througbo ut.
Sonth PennsylTvinia- On the 15th Sheriff Pittman, of
Fulton County, sold the South Penn. RR., in that county, by
virtue of an execution upon a judgment obtained by Robert
McFarlan, for damages for riglit of way through McFarlan's
lands. George F. Baer, of Rea<ling, Pa., was the purchaser
for the sum of $3,500. Otiier cases for damages of righta of
way were settled by cash compromises.
—
Sn^ar Trnst The quarterly dividend of 2i^ per cent on tl»e
outstanding certificates of the Sugar Refineries Co. has been
declared, payable April 5. Transfer Ixjoks will close March 25
Missouri Kiins s * Texas —The Sun reports that " the sup- at 3 p. m. and reopen April 7. Judge O'Brien's decision oil
plementary subscription for the $4,000,000 balance of the the Sugar Trust application for leave to pay the dividend is as
|l8,000,000 fund pro\ided in the Reorganization Agreement to follows: ' There bein-T no substantial opposition and the
affipay off prior liens has exceeded the amount offered. The davits filed having si ,.vn that ihe profits have been sufficient
committee will make allotments as soon as practicable. Am- for the payment of the dividend, the motion should be
sterdam has taken $4,900,090 of the entire fund, and New granted.
However, the share of the North River Sugar
York nearly all the balance, as London subscribed for very Refinery Co. in this and prior dividends declared since the
little.
This large and successful subscription has all been judgment for the dissolution of the N. R. S. R. Co. should be
taken by investors. The holders of the five and six per cent deposited to await the final disposition of the case iu the
feiieral mortgage, bonds and of the stock have subscribed Court of Appeals."
sevens have converted
eavily, and large holders of the
Toledo Ann Arbor ft North MIchiaran.— A new consolitlieir bonds into the new securities of the road by purchasing
the rights to subscribe and paying for them with their old dated mortgage has been prepared, and the bonds will shortly
bonds. We understand that in this way the Olcott Committee be ready for issue. They will be of date July 1, 1890, and run
Holders of the
has now secured control of a majority of the 7 per cent bonds. to July 1, 1940, bearing 5 per cent interest.
The reorganization will therefore be carried through as old divisional sixes will be offered the new bond in exchange.
The
new
mortgage
will
cover
the
entire
property from Toledo
promptly as the work can be done."
to Frankfort on Lake Michigan, 298 miles of main line; also the
Pennsylvania Ponarhltefip'ie & Boston. The stockholders large terminal property at Toledo, estimated to be worth
in Philadelphia on the 19th inst. authorized a second 6 per $775,000, and the equipment, costing $927,000, which has
been
cent twenty -year loan of $500,003, dated from Jan. 1, 1890. paid for except $152,000 car trust notes.
This increases the bonded debt to $3,000,000. The capital
stock was also increased from $1,750,000 to $2,000,000. The
Union Pacific. President Adams, of the Union Pacimoney will be used to improve tlie road and to purchase new fic Railroad, was before the Pacific Railroad Comrolling stock.
mittee this week,
opposing
the
funding bill as it
Peoria * Eastft'n— filiio in' iana & 'Wpstern.— A dispatch stands. He saw no reason why the Union Pacific should
from Danville, 111.. March 17, said: "A deed has been filed be called upon to pay three per cent interest, while the
from the Purchasing Committee of New York to the Peoria & Central Pacific is to pay so much less, and that the Union
Eastern Railroad for all that part of the Ohio Indiana & West- Pacific should be compelled to discharge its debt in fifty
Pacific
is
allowed
seventyern west of Indianapolis, the consideration being $4,000,000 years while the Central
income bonis, $7,930,000 first consolidated mortgage bonds five years. The difference is too great, and the additional
burden
thus
imposed
on
the
Union
Pacific is too heavy. He
and $9,999,500 capital stock. Two mortgages were filed from
the Peoria & Eastern Railroad to the Central Trust Company says that had the proposed bill been in force during the past
six
years
the
Union
Paci.'ic,
after
meeting
its requirements,
of New York and C. W. Fairbanks, trustees, one for $4,000,000
income bonds, the other for $10,000, OOU first mortgage bonds, would have had left applicable to the payment of dividends on
$7,930,000 to be used in part payment for Ohio Indiana & the capital stock, about one- half of one per cent. Mr. Adams
Western property purchased of the committee, and $1,500,000 submitted statements of the operations of the system for
to be reserved for purpose of exchange for the same amount of three years, prepared for Congress, the year 1889 being partly
estimated.
prior bonds, now a hen on the road.
1887,
1889.
1889,
The agreement between the Big Four and P. & E. was also
FaHlji EiL
recorded. Big Four takes nossession April 1 for fifty years or G-08S eamlnire
$28,'>.'i7,765 $30 19.5,f.22 $a.0:0,i91
longer, and guarantees interest on bonds and is to render an Operating expenses
i(>,til6,76l
18,4?d.42S
18.699.522
annual accounting of management of the road. Other deeds
have been filed to cover the O. I. & W. in other States.
Balance
$11,941,004 $11,719,094 $.2,370,658
'
'
—
—
—
Postal Telegraph. At a special meeting of the stockthe Postal Telegraph & Cable Company, held
this week, a proposition to increase the capital stock from
$.5,000,000 to $10,000,000 was adopted, 70 per cent of the
shareholders being
favor of i-. 'ihe iacre8»3e is for the purpose of acquiring certain properties which the company has
been operating, but which have been owned by Mr. John W.
Mackay. Among them is the Bankers' & Mercliants' Telegraph Company, which was sold about three years ago. A
portion of tne increase will be applied to the extension of the
lines into the West.
holders of
m
Rio Grande WPSfern.
July
1 to
—
The gross and net earnings from
Jan. 31 (seven months) were as follows :
1809-90.
1P88-89.
.*887,485
Groaa
Net
Taxes
1,050,971
WetParniDgB
Other Income
1,258,459
$10,830,133 $10,4'JO.«34 $11,195,971
9:i9,747
1,082, la6
509,378
Total
$11,390,381
$ll,70o,349
7,821.203
8,669,706
0,675,215
$t,lR1.026
$2.720,6-5
1,134, -9J
$2,030,134
$l,.586,28l
$2,720,675
$930,134
$2,030,134
1,682,238
1.632,238
1,682,238
$2,468,787
$L038,t36
$3i7,895
$11,972,223
Dtducl—
Intel est.
slnklne
oilier llxed
fniid
and
expenses
B-lance
U.
S.
reiiuirements
Surplus
Balance as above
l,i;05
$2,94>,370
$1,151,0.6
,
Kequireuiems under Senate
1S91
6:5
Balance...
$360,192
l,lUt),<j«0
bill
$952 tiu
$Jo8,456
1,174,687
1-71
0-57
408
The charges for the current year will be Interest on on stock
funded debt, $511,000 rental 18 miles, Crevasse to Grand
The Boston News Bureau comments on these figures as folJunction, $14,400; rental of terminals at Grand Jimction, $3,125; lows: " It will be noticed by reference to Mr. Adams's statetotal yearly charges, $538,535.
For the calendar year 1889 the ments that the principal differences in Union Pacific figures
net earnings of the line (yet a narrow gauge) were $563,800, for 1888 and 1889 lie in the increase of $1,005,000 in the
against $396,058 in 1888.
charges and a decrease of $420,000 in the miscellaneous
Shenandoah Vall»T.—The chancery cause of the Fidelity income account. Otherwise the net return, or surplus of the
Insurance & Trust Company versus the Shenandoah Valley company, would have been nearly $770,000 greater than last
Railroad Company was decided at Charleston, West Va., on year. The decrease in the miscellaneous income account was
the 20th. The press dispatch say.s: It is held that the Central due mostly to the failure of the O. & O. SS. Co. to retntn
Improvement Company is entitled to equitable compensation dividends. The increase in charges was due in the main to
under the agree'iient of April 39, 1878, for the failm-e of the $200,000 mare miscellaneous interest payments, $200,000 in:
;
Shenftnd«ih Valley Railroad Company to deliver the second
mortgage and increase the bonds adled for by the agreement,
but this equitable compensation must be subject to tiie first
mortgage bonds held by the Fidelity Company as trustee to
the amount of $15,900 per mile " at 6 (not 7) per cent per annum." The amount of compensation allowed the Central Improvement Co. is fixed by the face vatue of the bonds which
were to be delivered to it under said agreement, as follows:
$250,000, with interest from the first day of April, 1879, subject to a credit of $11,000, and a further sum of $379,934, without interest.
The first sum represents the second mortgage
bonds, and the second sura of $379,324 represents the Increase
bonds.
What is known as " the Philadelphia record and attachment " was held no bar to recovery by the Central Imiwovem^t Cpmpany eacept a« an interqet offset to the inter-
crease in the sinking fund requirements, alx)ut $100,000 deficit
in the earnings of the Montana Union Road, and an increase
of $400,000 in the deficiency under the dividend requireNavigation Co.
ments of the Oregon Railway
"The reason U. P. figures as presented by Mr. Adams at
Washington do not tally with the figures of the last annual
report is that in order to make the comparison the Utah Central accounts were added to the figures of 1888, as they are
included this year in the system' reports. The U. P. ' system' must of course change as consolidations of branches with
The gross earnihgs of the O. R.
o"utside systems are effected.
N. Co. are nqt in the $31,000,000 of system' gross earnings
reported for 1889, but the result is brought into the fixed
charges, and the result as ^yen by Mr. Adams for 1889 is
that of the entire gross system."
&
'
&
'
THE CHRONICLE
424
[VoL,L.
C
OTT O N.
Friday. P. M.. March 21, 1890.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 38,547 bales,
The Movement of the Crop,
COMMERCIAL EPITOME.
Friday Night, March 21, 1890.
against 54,735 bales last week and 63,554 bales the previous
from official life iu the week, making the total receipts since the 1st of Sept., 1889,
German Cabinet announced on Tuesday had but a slight influ- 5,529,305 bales, against 5,175,264 bales for the same period of
ence upon values in commercial circles some advance in 1888-9, showing an increase since Sept. 1, 1889, of 351,041 bales.
breadstufls and a decline in cotton being the most conspicuReceipts at—
Sat.
Mm. Tue».\ Wed. Thurt. Fri. Total.
ous effects of the event. The Mississippi River continues very Galveston
972 1,466
769
727
170
4,791
687j
high, but its western tributaries are falling; no serious overEI Paso, &c...
206
206
505 3,816 2,274 3,810
376 2,213 12,994
flow is apprehended, although some damage has already been New Orleans...
139
81
22
47
201
542
done. It is reported that some wheat has been winter killed, Mobile
Florida
....'.J
52
52
and severe weather at tlie South has damaged early vegeta- Barannali
395 1,134
525
l,-227
495
663
The retirement
of Prince Bismarck
—
tion; but, generally speaking,
too early to judge of the
it is
condition of any crop even of winter wheat. Some leading f eaimport duties have been made public.
p. new tarlfl of
reduction is proposed in the duties on sugar, rice and iron,
and
on
wool
woolen manufactures are to be inJmt the duties
creased and the duty on hides restored.
Xard on the spot has been quieter, and the advance of last
^(reek is not fully maintained, the close being nearly nominal
6c. for prime city, 650c. for prime Western, and 6'30@ 6'85c.
^tures of
A
^
ior
refined to the Continent. For future delivery the sjieculation
quiet, except on Wednesday when a large business was
<ione, prices declining under the pressure to sell, but values
have since partially recovered though the speculation was
quiet, and the close is a little irregular.
DAILY CLOSING PBICB8 OF LAKD FUTURBS.
Wed. Thur.
Fri.
Sat.
ifon.
Ttie».
was
^pril dcliverv
Maydeliverv
o.
o.
o.
o.
c.
.June delivery
July delivery
6-48
6-48
6-51
6-54
6-67
6-42
6-44
6-45
6-50
6-63
6-45
6-43
6-48
6-51
6-63
6-40
6-42
6-47
6-50
6-65
6-44
6-44
6-49
6-51
6-67
6-43
6-44
6-49
e-52
6-66
October delivery
Pork has ruled firm at the advance quoted last week, and at
times a good business was done, but the close is quiet at $11 50
-^$11 75 for new mess, §9 75@|10 for extra prime and §11 75®
^13 25 for clear back. Beef is dull at §6Ca$6 25 for extra
3ness, $i'sS7 50 for packet and §11 50(a§13 50 for city extra
Indian mess. Beef hams quoted steady at $12 50 J §13.
Cut meats are in some cases dearer; light and medium
weights of pickled bellies, as well as pickled hams and shoulders, bring more money, but the close is quiet at 9c.@9J^c. for
pickled hams, 4:}4c.®i%c. for do. shoulders and 5c.(g6c. for
"do. belUes, including 10 lbs. average at S^s*'- smoked shoulders, 53^c. ©51.20. and smoked hams, 10c.@10J^c. Tallow is
lower and dull at a 4 5-16c. Butter dull; Elgin, 36J^c.@27c.;
other creameries, 14c. @ 253^0. Cheese more active but barely
«teady; State factory full cream, 9?^c.@llJ^c.
Coffee on the Spot has been duU, and the close is lower at
i8>^@18?4c. for Rio No. 7, and Java sold to-day at 2^^c. The
-speculation in Rio options quite broke down on Wednesday,
<ieclining 50 points under increased crop estimates and dull
European advices, and since has been weak and unsettled by
^weak Rio advices, closing steady, with sellers as follows:
>
April
17-350.
17-0?c.
16-85C.
a£v.
June
JiUy.
August
September
16-65e.
16-450.
16-25c.
October
16-050.
November
December
1580o.
15-750-
Brunsw'k, Ac.
"455
95
127
4,439
1,170
1,151
32
""l4
764
1,170
-•77
Charleston
Port Koyal,&o
151
Wilmington
Wa8b'gton,&o
301
Norfolk
442
284
809
638
"i'52
"si
356
378
280
111
203
24
"686
749
405
217
193
396
94
Plilladelpb'a,&c
872
54
299'
133
260
1»
2,835
1,016
2,398
1,636
Totals this week
5,120
8,851
6,080
6,394
3,035
9,067
38.547
West Point...
234
246
85
98
•
98
N'wp'tN'8,&c.
New York
Boston
Baltimore
i'908
1,962
271
683
396
387
101
683
2,398
For comparison we give the following table showing the
week's total receipts, the total since September 1. 1889, and
the stock to-night, compared with last year.
Receipts tn
21.
March
1889-90.
This
Since Sep.
Week. 1, 1889.
1888-89.
ThU
Week.
I
Since Sep.
1, 1888.
Stock.
1890.
1889.
I
Galveston
ElPaso,&c.
. .
New Orleans.
Mobile
Florida
Savannah.
..
Bruns., &o.
Charleston ..
P.Royal,&c
Wilmington
Wash'tn,&c
Norfolk
1,802J
764j
NwptN.jctc
New York.
..
Boston
Baltimore.
..
&e
131,897
542
808
[
3,732,
1,908|
West Point.
PbU'del'a,
4,791 818,310^
9,568,
206'
2-2,817
513!
12,9911,847,108 22,500 1
542' 232,122'
1,351,
52
28,922
1,044
4,439; 903,024'
6,434
1,170
161,259!
7,987;
1,151 312,120
3,905
1,962
683
2,835
1,016
2,398
l,636l
386,478,
315,857j
52,829,
4,163
7,160
2,897
102,018
3,85lJ
5,085!
65,067,
78,984'
64,959'
4,186
2,240
633,843
19,328
12,013
16,986
,590,469
172,181
11,147J
220,457
11,895
23,3921
46,305
203,179
23,951
785,882
113,441
362,749
14,356
148,656
4,353
465.444
381,782
120,108
94,600
77,205
62,400
43,518
38,517 5,529,305! 84,273 5,175,2641
Totals
7 00!
9,299
13,867
12,103
4,584
23,219
25,906
5,665
125,496
8,000
17,915
14,607
239,138
10,500
11,201
17,874
425,6471
633,320
4,217|
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
—the early months showing
^
we
a decline for the week of 45@65
Receipts at—
1890.
1889.
1888.
1887.
1886.
1885.
while the later options are down -70(395 points.
Raw Sugars have been dull and to-day declined, with more GBlv'8ton,&C| 4,997' 10,111
2,108
2,820
1,325
5,287
^oing at a reduction fair refining Muscovado is quoted at New Orleans 12,994' 22,5O0l 21,714' 19,023 20,331 12,037
5 l-16c., and Centrifugal at SJgC. for 96 degrees test, the sales Mobile
1,354
478
1,068
1,188
684
542
embracing 19,000 bags Centrifugal at 55^c., and cargo of Mus- Savannah. ..
4,439
0,434
2,609
3,670
6,482
1,896
covado, 87 degrees test, at 4J^c. Refined Sugars are partially Charl'ot'n,&c
1,151
4,447
2,494
2,396
6,316
2,808
l-16c. lower Standard crushed is quoted at 7}^c.
Molasses at Wilm'gt'n,&o
704
814
192
671
366
290
lower prices has been very active, about fifteen cargoes hav- Norfolk
1,908
4,163
2,318:
2,852
8,173
3,125
ing been sold, dropping on Monday to 23c., on Wednesday to
t Point, &c
2,645,
10,057
3,846
2,859,
3,920
759
The tea sale on Allothers..
22J.^c., and to-day to 22c. for 50 degrees test.
24,393
3,608'
9,107
10,257
11,960
5,886
Wednesday went off at steady prices, the offering being a
Tot.thisweek
iight one.
38,547
84,273
38,380
46,298
64,328
28,810
Kentucky tobacco has been quiet, and sales for the week are
Since Sept. l 5529,305 5175,264:5060,641 5005,872 4791,502 1551,176
•only 150 Ixhds. Seed leaf was moderately active, and sales lor
The exports for the week ending this evening reach a total
the week are 960 cases, as follows: 150 cases 1888 crop, New
Ilngland Havana, 14(a35c,; 125 cases 1888 crop State Havana, of 76,572 bales, of which 35,677 were to Great Britain, 1,186
i2}5@ 14c. 200 cases 1888 crop, Pennsylvania Havana, 12%'ai to France and 39,709 to the rest of the Continent. Below are
aSc,; 135 cases 1888 crop, Wisconsin Havana, 9i^@ lie; 200 the exports for the week, and since September 1, 1889.
eases 1887 and 1888 crops, Pennsylvania seed leaf, 8>^/al3c.,
Weeli Ending March 21.
From Sept. 1, 1889. to Uch. 2), 1890
Exported to—
Exported toand 150 cases sundries, G^@S2Uc.; also 450 bales Havana, 65c.
Exports
and
250
bales
Sumatra,
10,
^$1
Great
Conti- Tot<a
Great
Conti.
S1@S3.
from—
Total.
On the Metal Exchange Straits tin has been variable, closing
BHt'n. France nent. Wee}i. Britain. France nent.
tiull and heavy at 20-30c. on the spot and 20-05c. for June.
129,248 469,101
Galveston
3.857
......
2.288
6,125 305.194 84,659
Ingot copper is easier and Lake is quoted at 14-lOc. for March. New Ofleans.. 1S,23S
15,717 S0,9!2
793.988 320,820 488,669 1,603,377
Domestic lead has declined, and closes quiet at 3 -921^0. for Mobile
44,789
44,789
March. Pig iron warrants are nominal at $17 25 on spot and Savannah
154,570 30,326 825,784 510,680
8,785
8,725
102,893
14,287
$17 50 for June. The interior iron markets are lower and un- Brunswick
117,179
61,881 24,246
160.602
286,132
6,568
5,658
settled. It is reported that Southern irons are offered at the Charleston
71,826
32.988 104,914
"5Vest at much under current quotations for Pennsylvania pro- Wilmington...
212,161
87,756
249,920
<duc!t.
Steel rails are lower, several thousand tons having Norfolk
160,833
21,020
174.853
West Point....
l)een sold at the mills at $34(3 §34 25.
30,610
2,634
99
30,746
N'portNws,
&c
2,634
Refined petroleum is lower at 7-25c. in bbls. and 7-60c. in
401,194 84.461
2,853 15,498
121,971
660,626
New York
11.659
1,186
eases.; crude in bbls. 7-50c.; naptha, 8c.; crude petroleum cer102
118.455
2,894
2,754
119,209
Boston
2,392
tificates are lower at 86^8^ 87c. \mder the increased flow from Baltimore
43,S08
4,886
43,165
4,686
1,574
68,647
wells in West Virginia. Spirits turpentine is dull and easier Phlladelp'a,&o
28,918
1,S72
25,7e0
»t 43(g43i4c. Rosins are latterly more active, and close firmer
1,186 39,709 76,572 2,503,022 44rt,0S6 1,383,755 4,n35,8el
35,677
Total
at $1 17i^(3$l 321^ for strained. Wool is dull. Hops in mod6,767 41,229'l33.203te,372.2o0'348,a81 1,182.375'3,902,909
Total, 1888-89.. 82,807
crate request.
_points,
;
—
W
;
—
March
THE CHRONICLK
32, 1890.
In addition to above exjiorts, our telegrams to-niglit also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert. 34 Beaver Street.
Carey, Yale
426
The Sales and Prices of Futures
are
shown by the
following comprehensive table:
>
We
&
On
B
Shipboard, not cleared -for
OB*
M
B »
•
Leaeltm
ilarch 21,
ffl(—
Oreal
Britain.
New Orleans...
France.
Other
Foreign
Ooaiil-
227
None.
140,266
11,147
5,999
2,000
None.
None.
31,916
None.
3,300
11,100
6,098
11,500
6,950
10,000
31,207
9,076
82,803
342,784
27,725
21,560
20,631
5,480
100.388
70,790
532,932
669,910
11,991
None.
None.
None.
1,777
9,000
2,600
8,000
8,312
11,385
None.
None.
None.
None.
None.
900
None.
None.
Total 1890...
.33,368
9,212
Total 1889...
Total 1888...
37,391
35,275
14,641
8,475
Uobl.e
CUarleBtou..
..
Savannah
Galveston
Norfolk
New York
Other ports
Slock.
Toio.1.
wi$e.
1,300
2,100
2,940
2,500
2,000
9,000
1,372
None.
5,4.50
3i
s;
*
;
>o
.
si
s
^
-
;
.
3i
s
*
l-',292
5.915
11,719
ll(l,54l>
3«,900
The speculation in cotton for future delivery at this market
was a little depressed on Saturday last by the English
colliers'
particular the occurrence of the
(in
but values partially recovered on Monday on a demand
On Tuesday, however, prices made a
to cover contracts.
more decided break than has occurred in some time —dropping
10® 13 points and receded to about the figures that were current before the late advance took place namely, 11-34®
This decline was due to the report of
ll'85c. for August.
the stopping of many mills in England, owing to the scarcity
of coal, and to the resignation of Prince Bismarck. On Tuesday there was a recovery of 4^5 points, due to a demand to
cover contracts, the small stocks in this market making the
bears very timid. Leading Germans, who had sold on the
The
first report of Bismarck's retirement, were active buyers.
depression in Liverpool was not so great as the bears had expected. .Speculative manipulation was evident at all the principal markets.
Yesterday, with Liverpool better and port
advices
strike),
—
—
receipts small, there was an advance of 8@9 points for this
crop, with the next crop slightly dearer. To-day a sharp advance at Liverpool and the termination of the colliers' strike
in England caused a buoyant opening, followed by more
decline under sales to realize. Cotton on the spot declined
l-16c. on Tuesday and advanced l-16c. on Thursday, and
again l-16c. to-day, closing at UJ^c. for middling uplands.
The quotation at this place in our Uist, of 11 3-16c. for middling uplands, was a mistake.
The total sales for forward delivery for the week are 493,100
bales.
For immediate delivery the total sales foot up this week
2,411 bales, including 1,031 for export, 1,390 for consumption,
bales
for speculation, and
in transit. Of the above
w^ere to arrive. The following are the official quotations for
each day of the past week March 15 to March 31.
—
—
—
—
UPLANDS.
Sat.
Ordinary
Strict Ordiuary
Good Ordinary
Strict Good Ordinary.
Low Middling
Low
Strict
.¥lb.
Middlin^r
Strict
Good Middling.
Middling Fair
Fair
GULF.
Sat.
lib.
Low
Middling..
QoodMiddllng
Good Middling.
Strict
,
STAINED.
Good
816,8
938
12l3,fl
Frl.
834
8»8
12%
Sat.
Ordinar.v
.»lb.
Strict Good Ordinary.
IfOw Middling
Middling
93,8
1018
12^
9>„
101,8
1013
11
11^18
III3
81H«
879
im
11%
111*18
1238
1278
12
Wed Tb.
raon Tne*
10'4
....1011,8
-- 113|«
....111*
Middling
Middling Fair
Fair
8 Me
9i8
938
9he
IOI4
lot, 8
10ii,e 101%
113,8
1112
117,8
-ii"i«'iH.'» 1156
- ll">ie 1115,6 1178
.!l2l8
1218 1121, 6
-il2'',8 139.8 121a
'l3iig 131,6 13
....
....
,
LowMiddliUK
Strict
mon 'Taea!wed Tb
8»8
81118
9ie
9li«
'18
915,le 91S,6'10
10
10
1038
107,6 10%
107,8
ioi4„ 1015,, lO'a
10i6,e
lO's
III4 ]lia„ ll'ia 11>4
IHlB ini« 1138 11% 117,6
ll'll, ll'l,eill»8
11«8
ll'iie
ii'e
ll's iH'»l<i llisia 1178
12J,« 126,« 1I214
125
12'4
1213i,
Ordinary
8 trict Ordi nary
Good Ordiuary
Strict Good Ordinary.
I
im
Middling...
Middling
Good
8ili«
9^8
Frl.
9
816,6
9%
95,6
103,6 lOi^
lOlijp
10»8
Ills
11"H
117,6 111-2
11%
9',6
10',6
103,
11 14
119,8
1111,6; 11%
1178
1110,6 12
121,,
121,6 1218
I2I2
12%
13
13l,a
!
Mon Tne* Wed Tb.
89,6
93,6
1018
81a
9I8
101,6
11010,8 101B„|l07g
81a
918
101,
1078
89,6
9',6
1018
Frl.
8%
914
103,3
10»ig 11
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the
convenience of the reader we also add a column which shows
at a glance how the market closed on same days.
SALES OP SPOT AND TBASSIT.
SPOT MARKET
CLOSED.
Sat.. Dull
Oon-
port.
nimp.
971
50
Mon.lQuiel
Tuea.^Qulctat
Ex-
ija dec.,
Wed.;Ea»y
Thur. Dull at 1,6 adv.
Frl... Steady at 1,8 ad.'
Total!
....
'Toil
Spec- Tranul't'n
tit.
_
.
,
Total.
345
212
200
1,316
338
295
838
295
1,390|
D'Hti„ ,
Salei. Lrt««.
31,600
262 55,300
200 122,800
114,600
83,300
85,500
2,411 493,100
?'''®° a'w'^e are aotnaUy deUvered the day
,.£5?„f
pre vloiM*i'''»^*l*''^'''^.
to that on which they are reported
' Includes sales in September, 1889, tor September, 147,600; Septem*
ber-Ootobcr, for October, 040,600; September-November, for November,
636,200; September-December, for December, 957,20J; September,
January, for Jauuary, 1,570,100; September-February, for February,
1,126,100.
S*" We nave Included in the above tabic, and shall continue eaoh
week to give, the average price of futures each day for each month. It
wlU be found under each day following the abbreviation " Aver " The
average for each mouth for the week is also given at bottom of table.
Transferable Orderg— Saturday, ll-30c.: Monday, ll-30c.; Tuesday.
ll-ZOc; Wednesday, ll-25c.; Thursday, 11-35C.; Friday, 11-400.
The following exchanges have be«i made during the week:
•12
•10
•02
•04
•17
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
exoh.
exch.
exch.
exch.
exoU.
100 Mch. foi June.
100 April for Jimc.
100 Mch. for Apt il.
100 Juno for Aug.
600 Dec, for Oct.
•14
•03
•03
•02
•05
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
exch.
exch.
exch.
exch.
ezoh.
200 Mch. for June
loO Apr. for May.
100 Mch. for ApKL
400 Aug. for July.
leo May lor Jane.
.
THE CHRONICLR
426
The Visible Supply of Cotton to-night, as made up by cable
telegraph, is as follows. The Continental stockB, as well as
those for Great Britain and the afloat are this week's returns,
And consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Mch. 21), we add the item of exports from
the United States, including in it the e:iports of Friday only.
and
1880.
1888.
1887.
7y3.000
7,000
888,000
il.OOO
949.000
909,000
4.OO0
47,900
20,000
959.000
2.300
142,000
7,000
800,000
2,300
31,000
18.000
300
500
6.000
161,000
4.000
96,000
24.000
10,000
1,900
131,000
4,000
58,000
7,000
1890.
bales l.Onl.WO
Stock at Lire.rpool
Stock at Loudon
15,000
Total Great Britain stock. 1,090,000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
ai
Hamburg
at
Bremen
at Amstei'dam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
BrockatOeuoa
Stock at Trieste
ii.OOO
453.600
Total Continental stocks
260.700
10,000
2.r>00
40.500
29,000
400
700
168.000
3.000
61,000
5,000
5,000
315.000
384.400
Total European stocks.. .. 1.518,600 1,060,700 1,224,000 1,343.400
India cotton afloat for Europe. 260.000 200,000 193.000 216,000
304,000 360.000 2 0,000 460,000
Amer.cott'i) afloat for Europe.
Egypt,Brazil.*c.,afltforE'r'pe
30.000
24,000
33,000
56.000
423,647 633,J20 740,700 578,302
etocK in United States ports..
142,«41 177.502 255,142 1.=.0 775
Stock in U. 8. Interior towns..
United States e»port8 to-day.
17.532
40.926
7,930
29.413
2.722.223 2,562,418 2,724.772 2.833.896
Total visible supply
OftheaboTe. taetotalsof Americanan<totlierde9criptionsarea9/oii.>ws:
Amertcim —
American
—
Quotations for Middlino Cotton at Other Markets.
below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
tn the table
CLOSING QCOTATIONS FOB MIDDLINO COTTON
Week eniling
March 21
Batur.
858.000
348,000
301.000
425,647
142.444
17,532
bales
afloat tor Europe...
Uuitcd States stock
Tluitcd States interior stocks..
llulted States exports to-day.
Total American
^OMt I lift in I' f BraXitt
Wverpool stock
177„"i02
40,926
696,000
191,000
270,000
740.700
256,142
7.9 JO
756,000
274,000
460.000
578,302
150.77b
2J.419
2,095,623 2,002,743 2,164,772 2,248,496
*<c,
223,000
15,000
104.600
260,000
24,000
I^ndonstock
Continental stocks
India afloat tor Europe
Egypt, Brazil, &c., afloat
Total East India, &o. .
Total American
.
.
Total visible supply
Price Mid. Upl., Liverpool
Price Mid. Upl., New York
C^" The imports
613,000
178,000
360.000
633,320
180,000
7,000
82,700
260,000
39,000
192,000
21,000
l«(,oOO
193,000
33,000
193,000
10,000
110.100
216,000
56,000
6v!6.600
559.700 560.000 585,400
2,095,623 2,002.748 2,164,772 2,i4!<,496
2,722.223 2,562,448 2,724,772 2,833.896
H^i.
5
lliao.
i
ed.
5oi, d.
10>80.
lOo.
into Continental ports this
5'i d.
lO'iC.
week have been
43,000 bales.
figures indicate an increase in the cotton in sight
to-night of 159,775 bales as compared with the same date
of 18S9, a decrease of 2,549 bales as compared with the
corresponding date of 188{i and a decrease of 111,673 bales
The above
as compared with 1887.
At the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for tht
week and the stocks to-night, and the same items for the
corresponding period of 1888-89 is set out in detail in the
following statement.
—
25.3 « o
Ir^S
—
S
—
3 2
i.'%?naBi
o
Tuet.
Jfon.
Wednet.
I
Galveston...
New Orleans
Mobile
11
10I«,a
11
10%
10%
10%
10%
Savannah...
101 <,8
1034
1(1%
1016,g
11»8
1138
lli'is
10' 18
10i:'i8
lO'XiB
lo%
10%
10%
10%
10%
10%
1013,8
llSg
11%
1016,8
11=8
1136
ll"l«
11
CUarleston.
Wilmington.
Norfolk
Boston
Baltimore...
I'lilladelpliia
& ugusta
....
Mempbis
...
Loins
Cincinnati
.
Louisville.
.
8t.
lO'i.g
10^8
10=4
101»,8
10%
10%
10%
10%
10%
11.1,8
ll'ho
'is
10%
10%
10%
10%
10^8
lO'a
11
Ills
lO's
lO'g
lO'e
lO's
11
10'li,8.
Ill4a38
llifl
Fri.
101 ',„
lo's
1015,8
Ills
III4 '38
10"iie
OK—
TKun,
|
11
11
lo's
lO'a
lO's
11
10%
lO'a
10i-t„
11
1I13
nag
11",»
io%a7»
lOTg
lO's
lOTg
10^8
11
Ills
11
11
ll"llls'
11J«
11%
im
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
Liverpool stock
Coutinental stocks
I,.
The above totals show that the old interior stocks have
decreased during the week 19,036 bales, and are to-night 35,058bales less than at the same period last year. The receipts at
the same towns have been 10,496 bales less than the same
week last year, and since Sept. 1 the receipts at all tho town»
are 50.224 bales more than for the same time in 1888-89.
300
1,100
241.000
4.000
51.000
5,000
10.000
rvoL.
lOSs
lO's
lOij
Columbus, Ga.
Columbus, Miss
Eufaula
10%
Eock ....
MontRomery..
IOI2
loi^
Little
I
lOV
Balelgh
Home
10% Seima
Kasbville
NatcUe/,
11
|
I013.
lO^ig Sbreveport
lOia
I
From the Plantations. —The following table
the actual movement each week from the plantations.
Receipts
indicates
The figures
do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
m )Vement from the plantations of that part of the crop which
fin lilv reaches the market through the outports.
ReetipU at tlu Pom. SVk ot Inttrior Towtu Rte*vt» frtym Plant *nt^
Wttk
H88.
1^68.
21
2S....
66,5«a
7....
7.<,48»
(•l,«3-<
••
U....
47.S»3
"
2'
8-..'!
80 0i« 54.785
8 1.97s ;-8B4?
••
"
Mch.
.
II
1»8B.
I088.
1880.
lf-83.
IfiBij.
(
99.869 a«0.44l wn,2-ssn.eu af7.545 839,^95
88,fHS
270 97- ^2.970
6S.S54 :«)e.sc.- 84H,i O'i 196,97-
84,t87 185.*70
MH.0S4 9n.sm
re)>. 14.
BBii
59,ln7
39. 3«
51 ,1^89
1890.
78,37*
73.(108
63.S58
10,020
5a.6"8
69,59»
87,559
175.M0
29,fl9'>
4f>.2«-
33.406.
1»5 «2S 154,4S9
31,4-0
64.1)31
17,S5T
l!84,87li 215.871'
i'.f,
1S89.
75 915 nfl,43«
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1889, are 5,671,330 bales; in
1888-89 were 5.355,517 bales; in 1887-88 were 5,313,771 bales.
2.
That, although the receipts at the outports the past week
ivere 38,547 bales, the actual movement from plantations waa
only 17,357 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantationsfor the same week were 64,631 bales and for 1888 they were
—
30,470 bales.
Amount of Cotton in Sight March 21.—In the table below
we give the receipts from plantations m another form, and add
to them the net overland movement to March 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
a>
HH.'f-,-
w w
•
on
p^^
-
2!
O
pr<
•
.
Hg
1888-S9.
1889-90.
!
18
-88.
1886-87.
I
Receiptsat the ports to Mch.21 5,529,303 5,175,264 5,060,641 5,005,872;
•
luierior stoclfs on Mcb. 21 in
excess of feeptemberl.
|
142,015
253,130
180.253
125,786
plantat'ns5,e71.3-.?0 5,:i55,517 5.31 3,771 5,1 31, 658
«D CO CO
h-J
C5 tt- '»
'i*
QDQOKIC
c tv ic u
JC_»-' J--I J£
WtOO
M o;
:,! ti<
o c ^ V cc K.
U "^ C QO 05 * !& *-
?fS
iii
CO 01
Total In 8igbtMarch21
wot
CJI
31 ac
!l
iXOiOWSiCDOO
O'Woirco::
OWi^i-QO.
CC H* 0» H*>
a>CO
:
.
m
3:
« o tc <i m ^ m<i Si
MUl
N W — M H J *> r-
iJ-
w
OlHt^-OCWCDCCiUiCW
0>
MCI
Is
*'£^Sx?,'-'^^^^'-'w^"coS<icS
^-to^o
w ^ tc t*^ 05 oi CO o: K- CO 00 a ^
(»>.
10 »0 *1 l-*W t^fJ
OD
03W
.----'"' ' * **
^-— t-a
oj ^ r^ 3m ^^ '^ ^a Ki
lO re
tc -.
0»ar^**. p»:
COQO
'
-1
M -^ O *- 00 -J
CDfcOOt^C101«J
CO CO CO tC
M 40
oro3— "bw<c"cD~
tC
05
w
ruj rj
^
w or —
c;icoo:rfk-^»3t5C;tco©»-*o»aoC'-*-icn
i*>
** '— ^-
>ji.'
--J
'_;
-v|
ilk CT'
COSCnO?'
Q6C0
fe;
cow- Ml^tD-
cctcoccoo!
«tccco*sL;'Mr:(-4h-oo'
QOtt*)U.cotfa.^oo<J
aoDO(b.c:^'.o^pcs: a>copO(3:io*^M
S'
1889 flKures are for Palestine, t ISSaJUuresarefor Petersburg. Va
t I.WJ»nUe la Uotli years are " net"
Tills year estimated.
•^
J
331,000
816,732!
300.000|
623,23S
250,000
16,797.831 6,160,508 6,430,523 6,004,891
Northern spinners taUngs to
March 21
779,9911
32o,000|
795,511,
I
I
Il,584,011
1
,578,219 1 .458,692'l,304,e37
It will be seen by the above that the Increase in amount In sight
t»-night. as compared with last year, is 3.'?7.323 bales, the excess as
compared with 1887-88 is 367,308 bales and the gain over 1886-87 1»
792,910 bales.
Weather Reports by Telegraph. —Telegraphic
advices
during the week, as a rule the precipitation has been light.
Platnting operations" are progressing in Texas. Breaks have
occurred in the levees along the Mississippi this week, overflowing land in Mississippi, Arkansas and Louisiana, and the
river is still very high.
Oalveston. Texas.—^It hiS beeh showery on one day of the
week, the rainfall reaching five hundredths of an inch. The
thermometer has ranged team 46 to 73, averaging 59.
Palestine, Texas.—The weather has been dry all the week
and planting operations are active.
highest 86 and lowest 40.
>-•
COiJSr-Offt-^l-OJrf^OSi-
1
to us to-night indicate that although rain has fallen generally
1
^8
5^P
Tot. receipts from
Net overland t(i iM.ircb 1
Soutbemconsumpt'ntoilch.l
Average thermometer
63,
Huritsvilie. Texas.— We have had rain on two days of the
week, the precipitation reaching forty-six hundredtlis of an
inch. Planting is progres3ing. The thermometer has averaged 62, the highest being 85 and the lowest 38.
Dallas. J^as.— There has been no rain all the weA. Farm
work is w( 11 advanced. The thermometer has a-veraged 61,
ranging from 33 to 90.
Han Antonio, Texas.— 'R&m has fallen on three days o f the
week to the extenj of eighty-three hundredths of fui iiipli»
March
THE CHRONICLE.
23, 1680.]
The tlierPlowingr and planting arc making Rood jirogress
inotneter has ranged from 30 to 78, averagmg 58.
Columbia, r^as.— Hard rain on tliree days of the week, haa
intPiTupted field work. The rainfall reached three inches and
thirty-eight hvmdredths. The thermometer has averaged 58,
the hif;hcst being 77 and the lowest 38.
Btaiham Teara*.—Farm work is progressing well on uplands,
but is delayed in wet bottoms. There has been rain on two
days of the week, the precipitation reaching one inch and
forty-three hundredths. The thermometer haa ranged from
43 to 80, averaging 01.
NeiB Orleans, Louisiana.— It has rained on one day of the
week, the rainfall reaching sixty-two hundredths of an inch.
The tliormonitter has averaged 61.
Shreveport, LoHisiano.— llainfall for the week fifteen hundredths ot an inch. Tlie thermometer has ranged from 35 to
84, averaging 01.
Columbus, Mississippi. It has rained on two days of the
•week, the rainfall reacliing fifty-hundredths of an inch. Average thermometer 49, highest 70, lowest 24.
Leland, Mississippi.— The week's precipitation has been
The thermometer has
eighty-eight hundredths of an inch.
averaged 54-1, the highest being 79 and the lowest 31.
Telegram not received.
Greenville, Mississipjji.
Vicksburg, Mississippi. There has been no rain all the
w^eeR. Average thermometer 55, highest 80, lowest 32.
Helena, Arkansas. It has rained lightly on two days and
heavily on one iVy of the week, the rainfall reaching one inch
-and fourteen hundredths. The river is rising rapidly, and it
is apprehended will overflow all land subject to bverflow on
the west side of the river, and part on the east side. The
groimd is too wet for farming. The thermometer has averaged 53, ranging from 28 to 77.
have had light rain on two
Little Rock, Arkansas.
days, and the remainder of the week has been fair to clear and
pleasant. Thursday night we had for an hour a pretty stiff
The
wind, accompanied by much lightning and some rain.
The
precipitation has been seven hundredths of an inch.
thermometer has averaged 54, the highest being 79 and the
lowest 26.
Memphis, Tennessee. The river at eight this morning stood
at thirty-six and four-tentln feet and stationaiy. This equals
the high water of 1883. Rain has fallen on three days of the
week to the extent of twenty-seven hundredths of an inch.
The thermometer has ranged from 24 to 76, averaging 50.
Nashville, Tennessee.
have had rain on three days of
the week, the precipitation reaching one inch and two hundredths. Average thermometer 45, highest 70, lowest 19.
Mobile, Alabama. Riiin has fallen on three days of the
week, to the extent of seventy-four hundredths of an inch.
The thermometer has averaged 56, the highest being 75 and
the lowest 33.
Montgomery, Alabama. We have had rain on three days of
the week, the precipitation being ninety hundredths of an
inch. The thermometer has averaged 55, ranging from 24
to 81.
Selma, Alabama. Telegram not received.
Auburn, Alabama. Rainfall for the week, sixty-eight hundredths of an inch. Average thermometer 52'2, highest 77'5,
lowest 20.
Columbus, Georgia. It has rained on two days of the week,
the rainfall reaching ninety-five hundredths of an inch. The
thermometer has averaged 59, ranging from 38 to 75.
Augusta, Georgia. There has been light rain on four days
of the week, the rainfall reaching sixty-eight hundredths of
an inch. Average thermometer 56, highest 79 and lowest 23.
Savannah, Georgia. Rain has fallen on two days of the
week to the extent of tvventy-seven-hundredtlis of an inch.
The thermometer has averaged 56, ranging from 26 to 77.
Charleston, South Carolina. Rain has fallen on one day of
the week, to the extent of twenty-five hundredths of an inch.
The thermometer has averaged 55, tha highest being 76 and
the lowest 25.
Stateburg, South Carolina. It has rained on one day of
the week, the precipitation reaching forty-two hundredths of
an inch. The thermometer has averaged 56, ranging from 32
—
—
—
—
— We
—
—We
—
—
—
—
—
—
427
According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipt* of
4,000 bales, and an increase in shipments of 23,000 bales, and
the shipments since January 1 show a decrease of 55,000 bales.
Tlie muveiucnt at Calcutta, Madras, and other India porta for
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
SMpmenlt/or
Ureal
BrWiin.
—
to 77-3.
—
Wilson. North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the ix>Lnts named at 3
o'clock
March
30, 1890,
and March
31, 1889,
areat
Total.
tient.
1800
1889
2,000
iJ.OOO
7.000
2,000
10.000
22,000
33,000
28,000
40,000
50,000
2,000
2,000
5.000
5,000
3,000
2,000
8,000
7,000
2,000
2,000
3,000
11.000
21,000
12,000
9.000
23,000
30,000
9,000
2,000
13,000
5,000
32,000
49,000
48,000
39,000
80,000
87,000
5,000
1890
1889
otbers1H90
All
3,000
188tf
Total Bll-
18P0
2.000
3,000
1899.
The above totals for the week show that the movement from
the ports other than Bombay is 2,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1890, and for the corresponding
periods of the two previous years, are as follows:
EXI-ORTS TO ErROPE
1890.
Shipment*
Europe
ThU
to alt
from —
Jan.
ThU
week.
87,000
26.000
2,000
234,000
90.000
593,000
28,000
374,000
451,000
80,000
45,000
5,000
50(;,oo()
79,000
£31,000
50,000
Total
Aho ve
low- water martt-
Above low-water marh,
Above low-watermark.
Shreveport
Above low-water mark.
Vloksbiirs
Above low-water mark.
WoTE.— Rei)ort8 are now made in feet and tenths.
India Cotton Movement from all Pokts. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures do\vn to March 20.
BOMBAY KECEIPTS AND SHIPMENTS FOB FOUR TEARS.
Mjcmpliis
—
SMpmentt linet jQn.
Total.
Oreal
Britain
Oonlinent.
1800 ir,,ooo .52.000 e.s.ooo loj.ooo' 350,000
18«y23,0O0 22,00() 45.000 143,000 3ft3,000
}8«2 1*<'0"0| 8,000 26,000^ 6«,000 215,000
1887;10.0QOia2,OOQ 32,0Q<) 71,000;229 OOP
1.
Total.
Heeeipti.
Tkit
feefc.
451,000 83.000
506,000,79,000
284,000 61,000
300,000 62,000
Siriee
Jan.
1,
773,000
a<>-i,o<jo
.^2.5.000
54(),000
'
Sinee
Jan. 1.
"es.ooo
All other ports. 11,000
Bomb^jy
1888.
(
Bince
Jan. 1.
wrek.
],
INDIA,
1889.
a^Hce
week.
FROM ALL
(
Alexandria Recripts and Shipments.
—Through
arrangements we liave made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for tha
corresponding week of the previous two years.
Atexandria, Kgypt,
Ilarch 19.
18S9-90.
1888-89.
1887-88.
14,000
3,006,000
13,000
2,677,000
17,000
2,809,000
Iteceipta (c.intais*)
This week
SiucoSepl.
1.
Sinee
This
week.
lepl.
\
1.
This
week.
Sinee
This
wiek.
/Since
S^pt.
1.
Sept. 1.
Exports (bales)—
To Livi'ipool
ToCoutiuent
3,000232.000
5,000206,000
3,000 126,000
6,000|123,000
4.00o'21!),000
4,000 133,000
8,000|352,OOO
6,000!358,000 11.00ol329,000
* A cautar is 98 pounds.
This statement shows that the receipts for the week ending
March 19 were 14,000 cautars and the shipments to all Europe
6,000 bales.
Total Europe
\
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market is firm for yarns and
steady for shirtings. Merchants are buying very sparingly.
We give the prices for to-day below, and leave those for
previous weeks of this and last year for comparison:
1889.
1890.
32«
8>4 lb:
Otyp.
ShirtiTigt.
Twist.
d.
d.
K'bl4 838 a85*
OoWn
9.
d.
s.
d.
6 3 ai7 3
" 21 86 a»SH
6 2»3»7 II2
" 2^'S38 »»H
6 3 -ai7 3
Mch.7 8^i«a81l,^
Nominal.
'•
Nominal.
1485,,ff.8il,B
" 2185,«'*8iiiBi
Nominal.
Itid.
Upt'ts
32» Cop.
8<4 tbt.
Shirtings.
Jtcisi.
8.
d.
6
6
a
6
1
1
a>7
1
6r„
7i'>,«*8'„
713,«"81|
7i5,„®8-,6
7'5i6a8ii^
®7
6>8
71-'i,.«8'w
6
6%
715,.*8T;
1
1
d.
61i«
6i!«
•i'ls
d.
d.
'6
1
s.
*7
»7
w7
»7
d.
Ootfn
Mid.
UpUU
d.
li«l
5»i«
1^1 5»,»
l^a 5»8
IJal 5=8
li-j' 5lii«
mil Silji
Jute, Butts, Bagging, &c.— There is a fair demand for
bagging, and prices are quoted a shade easier^ sellers filing
But little inquiry is
orders at 6J4(a834^c., as to quality.
reported for jute butts, and the market is unsettled at 1'60@
l^a'c. for paper grades and ljJg^a2l^c. for bagging qualities.
The High Water. — The threatening
Npw Orleans
Total.
Madras—
condition of the Mishas culminated in several very important breaks
in the levees along its banks, flooding much rich farmThe first
ing land and intei^ering with raikoad traflSc
break this season occurred at Viller's plantation, near New
Orleans, at the clese of February, but was of slight importOn the 6th of March the levee at
ance and easily repaired.
South Chicot, Arkansas, suffered a small break, and in the
southeastern part of the State the water ran over the top of
the levee.
A slight crevasse occurred at Plaquemines, La.,
on the 7th, and on tiie following day several unimportant
breaks were reported below New Orleans. But the first serious crevasse occurred at Arkansas JDity, Arkansas, on the 9th
inst.
On the 13th the Mi8sis«ppi reached the highest level on
record at New Orleans, and resulted in a partis flooding of
serious erevasse occurred in St^ J&mee Parish,
the city.
sissippi river
Niishvllle
Continent.
Britain.
1.
Calcutta
—
—
ShipmtntM rin/x January
tke week.
Oonti-
A
THE CHRONICLR
428
La., on the 14th, followed by a very bad break on the 15th at
Fairview. La. The first crevasse in Mississippi occurred on
Tuesday of the present week near Offut's Landing, above
Greenville, and has caused much alarm in the valley below.
Yesterday the break in East Carroll Parish, La., was fully
At Liuna
half a mile wide and nearly fifteen feet deep.
Landing, Arkansas, the crevasse is five hundred feet wide and
eight feet in depth, and beyond control. The break in Missis,
As is
sippi above Greenville is about one hundred feet wide.
known to most of our readers, the district affected is the banner cotton-growing section of the country. AH attempts to
close the crevasse in St. James Parish, La. have been abandoned.
The river has fallen somewhat owing to the relief
afforded by the above mentioned crevasses.
,
—The
Total bale»
Nkw Orleans-To
Liverpool, per steamers Darien, 2,650
Hugo, 4,500
Governor. 4,606
Franclsoa, 5,934
Jamaican, 2,483... Santanderino, 6,350
26,523
steamer
Havre,
3,834
per
3.834
To Bremen,
2,600
To Hamburg, per steamer Avonmore, 2,600
steamer
Havre.
800
per
80O
To Antwerp,
700
To Baicelona, per bark Nncva Aranco, 700
BRDNSWtcit—To Liverpool, per steamer Tresco, 7,481
7,481
2,212
Charlkston— To Liverpool, per steamer Starlight, 2,212
5,800
Norfolk— To Liverpool, per steamer Kalros, 5,800
West Porar- To Liverpool, per steamers Oxenholme, 1,965
5,428
Waverly. 3,463
835
Newport News— To Liverpool, per steamer Albany, 835
BulgarBoston- To Liverpool, per steamers Bavarian, 1.822
6,073
ian, 884... Istrian, 1,250. ..Kansas, 655...Pavonla, 1,*62
250
To Yarmouth, per steamer Yarmouth, 250
605
Baltlmore— To Liverpool, per steamer Baltimore, 605
2,639
To Bremen, per steamer Karlsrube, 2,.')39
Oxford, 200 ....
450
To Antwerp, per steamers Lepanto, 250
Philadelphia— To Liverpool, per steamer Lord (iough, 1,025.. 1,025
The Bombay Prices Current of the same date says:
The weather and crop reports published during the past week have
contained notliing of fresh interest rrgarJln^ cotton except tliat in the
Bellary district the plants were showmg bolls rapidly ripening. The
receipts of new oottttii iiere during the past week liave been t>fi,700
bales, against 69,000 iialcs arrived duriui^ ilie oorrespoudiu!; w,'ek last
season; and the tot.al receipts to date liavc been 106,000 bales heavier
than last season's, the increase having been mainly in Bengals.
—
—
82,653
particulars of these shipments, arranged in our usual
Total
The
Bombay Company
(Limited), in
their report dated February 14, remark as follows:
In the up-country marketa there Is an increase in supplies of aboat
3,500 bales over those ot the previous weelc, owing prlnclpftlly to lar(;er
arrlTala at DhoUeiaandBroach miirlcets. The picking aud Klaning of
the Broach and DhoIl<-ra crops are going ou, aud th« out-turn of l>otli
crops is satisfactory. Reports (roui the Broach districts still compialu
of want of dew.
East India Crop.
[Vol, L.
form, are as follows:
Hull. Havre,
3,968 1,186
pool.
New York.
7,691
N. Orleans. 26,523
Norfolk ...
West Point
News
835
Boston ....
Baltimore
6.073
Philadelp'a
this year, 1S3S-9P, has been very onnsiierahly
In excess of the area unier this oiop last yeai; but it is disappointing
to have to report onco more that the outturn, except in a very few districts, has been decidedly poor,, and little, if at all, better than that reported last year.
The area under cotton in the Punjab this year is 984.000 acres, as
against 756,300 aces last year. TLi.s is an increase of 207,700 acres,
or 27 per cent. The estimated area shown in the forecast of July last
was only 651,200 acres, and the llgures of the present return therefore
show an improTement of no less tliau 312,800 acres, or 4H per ceut.
This is due to tiie considerable areas sown with cotton in this Province,
esjiecially in the Delhi Division, after the ci mmencementof tlie summer
rains, after the date of the flrst forecast, or too late for inclusion in its
figures. The increase in area this year over that of last year was 18 per
cent on irrigated land aud 41 per cent on land dependent ou the rainfall.
The area flgtires
Detail.
for this
and last year are given below in acres:
Irrigated by
Canals.
Wells.
Acres.
Acres.
Flooded lands
Dru lands.
Acres.
Acres.
Total.
Acres.
231,900
186,900
21,600
315.900 756.300
263.500
228,400
26,200
445,9. '0
964,000
+13-6
+21-1
+212
+274
-f411
The increase in area sown this year over that of last year was due to
the heavy rain of February last and generally to favor tbie rains at the
commencement of tlie sowing season. The rainfall was again favorable in June and July for the late sowings of the Eastern Punjab, but
after that the ses son proved disastrous.
Rain is stated to have been
excessive in many places in July or August, which resulted in t o
rapid growth. The rains also ceased very eaily— at tlie very begi'ining
or September— and very suddenly unfavorable winds in several districts did harm, and damage was also done by the abnormally cold
weather at the beginning of October. In Sbahpnr ground locusts also
did much injury to the crop. Tlie result has been that the early promise ot the cotton crop has not been fulfilled, and though the gross outturn Is, owing to the inci-ease in area under crop, considerably larger
than that of the last year.yet the averase outturn per acre is little, if at
all, better, beingl55 seers per ai leonlyas agal!!Stl53 forlastyear; and
this IS much less than would be the case in even an average year. This
is the third year in f-ucceseion In which the cotton crop ot the Province
has turned out badly. In the remarks by District OtHcers only m live
districts is the crop said to have been fair or average in one it is said
to be very fair, but only in Peshawar is the crop classed as a really good
one. There It is said to have been "good throughout the district in
most localities very gocd, and everywhere above the average." Except
at the commencement, the season was not more lavorabie for cotton
this vcar than it was last, and the causes of the poor outturn are very
much the same as they were then. According to the tigures given in
the district statements, however, the crop would appear to be average
In nine districts and above it in five.
The gross outturn this year is estimated as 149,552,300 seers, or
2,670.577 cwts, showing an increase of 29 per cent as against an
increase of 27 per cent lu the area sown,
»
•
1888
1889
Diff., p.
c...
;
;
1,025
*
«
•
835
250
Saiur.
Do
steam d.
"84
late dellv'y.d.
....
Havre, steam
Do
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
83,633 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
sail
Do
Liverpool, per steasiers Britannic, 1,453
City of Paris, 1,305.... Nevada, 1,228. ...Plato, 1,508....
Servia, 2,197
To Hull, per steamer Colorado, 1,784
^11111111"
ToLeith, per steamer Crystal, 1,134
To Newcastle, per steamer*Iago, 1,050
To Havre, per steamer La Bretagne, 1,186
To Bremen, per steamers Aller, 79
Eider, 100
To Antwerp, per steamers Crown of Arragon (additional),
693....Friesland, 1,681.
To Naples,
-"teanier Letnnbro, 100
pc
1
050
1,186
179
2.374
100
.-.-
c.
"sa
Wedntt.
Thur:
"84
"84
"e4
6,323
3,594
1,025
Ajust'd'm, steam.c.
Do indirect.. d.
60*
Bteval,
Do
steam
d.
sail
d.
Vri.
"84
....
5]8a"32 'l8®"32 ^ia®"s
91732
....
....
'2
Hi
>a
60*
60*
^
....
....
LjalTaa ia®n3s' HaiTsa
....
^
....
....
i4<*"e4
....
60*
60«
'4a»32
....
....
....
>4®"S4 H-ann
34
317^4 l4®17g4
....
....
.>..
....
....
....
60*
1
1
1
Ij
iflaiTjj
....
".12
-.-.
Baroelona.steam d.
Bl6
"16
=18
"le
»ie
"le
C*enoa, steam., .d.
19m »32-ai»64 932®19g4 »32®1984 »32»»9e< ^Si'S'^^M
rrleste, steam... d. "is® "32
^16
Hi
"le
Hi
'l8
•'32
Antwerp, steam d. "64®733
'32
'«»
''it
'K2
* Per 100 lbs.
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks, &o., at that port.
—
28.
J'eft.
Sales of the
week
bales
Of which expoirt«r8 took
Of which speculators took.
Sales
.
American
Aotaal export
Forwarded
Total stock- Estimated
Of which American — Bstlm'd
Total Import of the week......
Of which American
4(nonnt afloat
Of which American
.
40,000
3,000
2,000
33,000
13,000
64,000
,043,000
831,000
95,000
82,000
184,000
140.000
March!. MarchXi^. March^l
41,000
3,000
2,000
49,000
3,000
2,000
34,0001
40,000
8,ooo!
4,000
64,0001
67,000
,056,000 1, 075.000
836,000i 849,000
86,000
90,000
69,000
74,000
193,000 204,000
132,000 140,000
32,000
2,000
1,000
27,000
7,000
53,000
,081,000
858,000
66,000
58,000
211,000
133,000
iue toue of the Liverpool market for spots and futures each
day of the week ending Mch. 21, and the daily closing prices
of spot cotton, have been as follows:
^^^
Saturdav Monday. Tuaday,
Spot.
Market,
1:45
P.
pniet.
6l8
Vedna.
Dull and
irregular.
Friday.
Quiet but
More
demand.
steady.
6i8
6ie
Thurtdfy.
6ii6
61 18
4,000
6,000
5,000
6,000
6,000
500
500
500
500
500
.Mld.Upl'ds.
Sales
Spec.
Very
OiUl.
•M
& exp.
Futures.
Market,
}
L:45 p. M.J
Market,
4
p. M.
)
5
Steady
at
partially
1-84 dec.
Quiet.
Quiet but Qnlet and
steady.
steady.
Qnlet at
Easy
partially
2-«4 de-
1-64 dec.
cline.
Qolet.
6i«
9,000
1,000
Firm at
at
Qui*!.
3-64 ad-
vanoe.
Barely
steady.
highest, lowest and closing prices oc futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Lo w Middling clause, unless otherwise stated.
The opening,
!«at.,
Mch. 15.
Mon., Mch. ir.
TaeiM Mch. 18.
Open High Low. Clo;
Open
H<«?1
Lov.
<7lw.
d,
d.
d.
i.
a.
d.
i.
d.
d.
d.
a.
6 02
6 02
6 02
6 03
6 05
9 07
6 02
6 02
6 03
6 0S
8 07
6 02
6 02
6 03
8 03
6 05
8 07
8 01
6 04
6 03
9 03
8 04
6 07
6 03
8 03
6 02
9 03
6 02
8 03
6 02
6 03
6 09
8 05
6 07
604 901 6 03
606 9 07 6 06
802
804
Open High IMD. Olos
.Moh.- April.
1*784
1.134
c.
Tue$.
lie*
indirect.*.
March
7 ggi
.
Man.
«l6»»."i2 B,g®ll32
11.S2
Hamburg, steam.c.
Do via indlreot.c.
.
Nbw York—To
e.
Bremen, steam
*
*
of 1888-89 was decidedly better as regards area sown.
But very little better as regards outturn, than that of last year, and
cannot be classed as much mure than the "half an average crop," at
which the crop of last year was estimated,
Taking 16 annas as an averate crop for the whole Province, the crop
w;ould probably he over estimated, it is to be feared, at 12 annas,
although tne Bgures given in the district reports would give a slightly
better arithmetical average.
Ten annas would probably be a safer
estimate.
450
Total.
15,198
34,457
7,481
2,212
5,800
5,428
800
250 32,653
3,9(18 1,186 9,152 3,624
Cotton freights the past week have been as follows:
;
The cotton crop
2,539
100
700
800
Total.... 63,673
Cjlverpool,
The area u'lder cotton
2,:J74
605
The report of Mr. F. A. Robertson, Director of Land Records
and Agncultiu-e, on the cotton crop of the Punjab for 1889 is
as follows:
men.
179
6,4d4
7,481
2,212
5.800
5,42S
Brunswick.
Charleston.
N'p't
BarceAnf- lona rf Tarwerp. ffaplet. moHlh,
Bre~
Liver-
602
April-May.. 6 08
May-June.. 8 05
June-July.. 9 07
6 08
8 08
August
Aug.-Sept.. 6 05
September. 6 05
603
6 OS
6 07
908 BOS 608
608 8 08 608
8 05 806 6 05
6 05
6 05
6 05
6 05
6 07
808 609 608 608
8 10 610 609 6 10
610 6 10 6 10 6 10
6 07
6 09
6 08
6 07
6 07
6 06
8 06
6 09
806
8 07
8 07
8 07
6 07
8 06
606
60«
609 6 09
6 07
6 08
6 09
6 05
6 05
d.
6 06
6 07
600
6 09
606
6 06
March
THE CHRONICLE
22, ItiVO.J
m.,
Than., Moh. 30.
WedDea..nioh.lO.
429
31
aioh.
18W-M.
F«^ru^^rv.
SrtadiUifi Expu
lODO.
0pm
Bitih
Low.
Olo$,
It.
d.
Open Higk Low. CUu. Op«n Uioh Lovj.
Clok.
<iu'ntiUu\
d.
March
Mota.-Aprll
Aprtl-Mnjr..
800 eot 800 8 01
600 6 01 8 00 6 01
02
May-Juue.. 6 05
Juue-July
July-AUK
..
8 03
8 OS
606 6 06
6 07 608
AllKUSt. ... 8 07
AuK.-Sept.. 6 04
Beptember. 6 01
8 08
eos
6 0S
6 02
8 0}
6 03
8 05
6.08
806
8 07
8 07
6 04
6 0S
8 08
8 05
d.
d.
(L
8 01
603
6 01
«01 603
603 6 04
606 8 07
8(18
6 07
6 08
8
8 0V
6 10
608
eiiu
8ia
808
6 08 6 10
60S 608 8 05 8 06
SOS 6 08 BOB 8 06
8 13
6 1U
6 03
6 08
8 07
6 08
d.
d.
8 j7
6 10
II
Nair Tork
Boston
8 07
BOH
Philadelphia..
eu
6 10
8 11
Wew Orleans
811
8 18
8 14
8 14
Fac. oust, dlstn.*
6 14
611
610 811
8 1:2
8 13
10
«U
8 10
6 11
Baltimore
Oilier Gus. dlats.t
Fbidat, p. M., Marob 21, 1890.
and meal shows little change in tone
or prices, remaining somewhat unsettled in both particulars.
There has been at times a fair inquiry from the local dealers
cor high grades, and in a few instances these were marked up
5@10c. per bbl. The export demand was very sluggish early
in the -week and prices remained nearly nominal, but afterwards met with a better inquiry when holders were less
inclined to accept late figures. To-day the market was with-
The market
out
new
for flour
feature.
The wheat market has been quite unsettled in tone, with
prices showing wider fluctuations than for some time past.
The visible supply showed an unlocked for increase, causing
some depression, which was quickly recovered on the re-appearance of export buyers.
A large "short" interest was
made on the increased quantity on passage to Europe, but
the " bears" tried to get back their wheat, prices rose
rapidly against them.
Thij was repeated when sales were
made on Western account.
Yesterday there were reports
from the West of daaaage to tbe fall-sown crop and the
market became buoyant. To-day May options were dearer,
but tne market otherwise waa dull.
DAII.T OI/MINO PRICES OF HO.
BSD wnrrBB whbat.
Sal.
tfon,
7V<!«.
T^itr^.
Wed.
FH.
when
April delivery
May delivery
o.
o.
o.
o.
June (Wivery
July dolivc.ry
Augiistdelivery....
o.
Bopteiiiber delivery
o.
8S%
84%
8838
8838
873a
85^8
847a
85
85
8838
8838
8738
87 '8
87^8
(-6^
833a
8438
84>9
8718
SH
885»
88=8
8818
87
8.i>«
84>«
841a
Boston
April delivery
o.
0.
o.
0.
Maydelivery
June delivery
July deUvery
Mon.
Tuet.
S7
3714
3738
381*
3714
37i2
371*
38I4
37i8
3738
3738
3838
Wed.
36'8
84%
84 '8
85 'e
3714
3738
3814
Fri.
3714
3708
37%
38%
B.487
18.780
8,810
8.168
60.0SI
980,U34
3l7.nO&
Fri.
28
27
barrels.
2714
active at full prices. The business in
there was no further decline in prices.
closing quotations for wtieat flour in
(Corresponding grades in sacks sell slightly below
these figures)
FLomu
9
$1 75®$2 10
2 10® 2 40
Extra, No. 2
2 SOW 2 78
Extra, No. 1
3 00'9 3 50
Clears.
3 25® 3 75
SiraigHts
4 00a « 50
Pateut, spring
4 509 5 20
Buckwheat Flour perlOO lbs., $1
Pine
bbl.
Siipertlne
Patent, winter
City shipping, ettras.
Kye Hour, superllne..
Fine
Com meat—
Western,
Brandywine
30a$l
94 403 $1 80
4'.<oa 4 35
2 75 a 3 00
2 60*2 70
2 403 2 50
2 55-9
<feo
e.
Spring, per buBh...
Spring No. 2
Ked winter No. 2 ..
Red winter
82
88
«
«
89'«a'
75 »
86 -9
33 »
West'n mixed N0.2. 'dWsa
Western yellow.... 37 9
WeHteru white
37 »
Buckwheat
35 ®
White
Com— West'n mixed.
0.
97
00
40.
90ia
93
92
38%
western.. W bn
State and Jersey
Oats-.vUxed
White
No. 2 mixed
No. 2 white
o.
.
9
-0
a
30%9
2a''8*
year 1889-90:
8.9t7,03')
373
2-'.:ia^
157,8 le
17,4>4
2.199,879
7,570..S»4
8,424 JtVl
56.44«.078
28,862,«87
18.168
36.754
96.188
9,34.2
iau..vto
1.289
Boston
Pmladelphla.
Baltimore ...
New Orleans
14,647
1
5,984.8
5.HV9,45l
e.8l5
20
82
IM
871,208
880.002
3.563
19.498
"«,893
"6,165
31,124
70,185
11.807
100
3«7
1,4.<6
11
44
»S4
Pac. OQBt. discs.*
6X78
Other ous. dists.t
22.2»8
52,749
18,802
82.668
t38,tia
iMe.oeo
l.003,08S
826.87
5,900
lO.lHO
8,03i
lO
8,876
2,873
4
S.6S6,439
105,3uH
IO.W'3
1,129.015
10
SO
6
411,>';S
14
3,608
1,000
10.314
121.420
3,138
Sl.338
428,771
1.J8.186
33,96'
13,279
4.6«2.4;8
1.458.3(14
214,729
586.680
22^,800
4,911
21,77!
4,43^
1,137,710
8,947,800
893. IsO
2,889,424
28.885
340.823
7.863
78.106
200
8.0U0
291.520
1,000
8S
4,250
89,400
81,»o0
2.189
2.248
30,836
13.200.479
458.837
Total, oorn-meal
Oats, buuh.
Newyork
Boston
2o,;f2e
lu.usS
3,711
li>i^,000
68,495
1O.036
4,583
47,18S
3,011
2,016
11,599
1,205.278
410.638
Philadelphia.....
Baltimore
New Orleans....
Pac. oust, dlats.*
Other ous. disls.f
Total, oats
OatmeaU
Boston
500
589,524
13
22,930
Philadelphia..,.
'ss.Kiii
200'
"2,806
a
Pac. cU8t. dmts.*
7.O0O
Oihercus.dista.-t-
32,t)00
228
815
Baltimore
New Orleans
Total, oatmeal.
Rve,tm3ti.
New
9.18
2,500
82,389
8.,<8'J
\n3.7n
Ibt.
New York
S
241
723,758
26,500
48,687
30,627
8'i0,8»6
488.168
8,615
20,048
9,800
10,510
81,371
8,616
80,048
"11.754
8.300
10,810
6^,468
'S»,b48
17.330
46,487
1.470
35
998,735
530,774
855,901
83.U30
749,795
800,202
19B,89l<
7,983.069
M63,247
89,500
12,000
87,170
l,l'i«,i!70
11,71
4.732.483
York...
Boston
Philadelphia.. .
Baltimore
New Orleans.
..
Pao. cust. dists.
Oiaeruus.dlsls.-f
1,470
Total, rye
Wiuat, buth.
New York
Boston
IZU.
7ii,70.1
497,042
9il.o79
444,000
10^,918
3,148.009
35,66S
103,742
360.723
88,734
8.452,521
3u,lo7
1,283,;87
11,17
1,078,91
12,178
19,498.513
1.702,806
3,973,243
1.405.872
5.200.471
1,579,970
4,800.450
3,865,325
1.585,629
1,392,645
37,071,448
30.607 J!24
368,901
88.707
1,889,887
9.(,0S
>jtner cu8.dlBts.+
134.130
103.300
aoH.lol
1,0(7.700
12,6u7
530,026
6i5.58«
37.oao
113.740
2.106
121.840
18.002
1,297,325
891.186
17S,2fl
b2i.867
11.813
087.05s
68,721
2,884.058
4H.04U
268.279
104.1^0
599,04?
12.897.897
4.220.«90
2,i85.029
10.084.900
1 13.289
4.834.882
2.903.330
Total,wheat-flo't
1,018,461
4,703,946
886,778 3343,181
7,848,473
87,0-4B,197
3,839.948
801.300
1,«31.821
a. 180,978
2,730.458
821.034
Si9,«>4
1.890,397
i,6P«.187
,38 1,81^1
Philadelphia
Baltimore
New Orleans
i,-4al.tf77
03i),-.08
Pac. cast, dists.*
3,001,v78
DOi, i30
l,6V0.0J4
270,800
.820 991
.138.271
,890.e8t
14,839,6081
8,293,788
94.847,67 s
Pao. oust, dlfits.
Oulier cus.dlsis.-tTotal.
wheat
Wheat-fiov/r.
New York
8,983
8,9»:l
l.»a»,80:<
bbu
Boston
fhiludelphla
Baltimore
New Orleans
Pac. cusl. dists.*
209,013
2.84>l
817.81(8
520.941
1,9-20.806
i3,30d
l,070.4al
Tbtolj.
New York
Boston
Jtner ous.dists.t
Grand
*
total..
Valne ot exports from Pacihc
districts tor the
$33,347
Piil!et.-!ound,Wa8h'n Terrify.
K5.920
2,585,038
:
|
month
.825.220
,1171.222
ot February, 1890
Willamette, OreKon
»287 ,«9
—
13,001,9.6
Total
month of Ddc.
1889
|123,078
f Value of exports from other customs districts for the
»3,«7u Portland, Me
Brazos, Texas
01,848 iticnmoud, Va
Uetroil, MicliiKan
44,836
iluron, MichiKan
1
—
[
New Haven, (J nn
Newport News, Va
30
»90l,780
Total
668,20s
I
MuTB.— This atatsment Includes about 97 per oeat ot the entlr* exports of tbe
named from all ports of the oountrr.
articles
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
first give the receipts at WestYork Produce Exchange.
em lake and river ports, arranged so as to present the com-
We
parative
movement
since Auitust
ot—
MUwankee.
shows the exports of domestic breadstuffs from
the under-mentioned customs districts of the United States
for the month of February in lb90 and in 1889, and for the
fiscal
8.^7ll.:^00
2.1.h8n
OhIoaRO....
,
eight month's of the
6,829.25'
13.85l.:(43
SV9.781
5,«73,»;9
0.
Barley—
2-ro wed State
2-rowed
4- rowed State
Canada
Statistics
l.9">.4U>l
2.2:11,199
l.SS.'),H24
i.oio.iua
10.288
0,102
57
58
31
31%» 32%
40
44 « 47
40
50 9
5u
« 53
37
53 9
a 62
Exports or Brbadstufps for Fkbruap.y, 1890.— The followin made up from the statement issued by the Bureau of
38
606,8:5
7.428.475
4.40<,.9J(li
Oorvrmtal. bVU.
I
1,
Dnlath
Uinneapolis.
Toledo.
. .
l>etrolt..
JleTeland
iu
IiOUlS..
Peoria....
Tot.wk.
dame
'90.
wk.^
imaxe wk.-SS.
Sines
for the* week ending
1889, for
each of the
Oom.
/low.
March
15, 1890,
and
last three vears:
Oaes.
Barlsv.
I
Bl>l>.19eU><
53
53
28
1.093.794
IB.SOO.Olf?
IUll,8«8
13,421.111
Total, oora
New Vork
tscsipts
Ryn—
31,385
I,1H».4»3
425,249
274.314
2,8<0,33M
268,781
ORA.IN
Wheat—
2.578.31
I
14
5b
Rye has been more
was quiet, but
The following are
barley
8,211.
eoi.u.%
San Francisco, Calllornia
so firm.
O.IILT OLO8INQ PKICBS OF NO. 2 UIXKD OATR
8al.
Itnn.
Turt.
Wed. TKur$.
April delivery
0. 27»8
2779
28
2838
27''a
27i«
'.^7
IM»y delivery
0.
2719
27%
27^8
June deUvery
26''9
0. 26%
2678
26^8
27"i
455
e20.V97
8.293
Other oaa.dlsts.t
Oregon, Oreeon
and scarcely
9
•ia,vio
528
845.44U
market was
less active
54,250
84
SO.WIO
2.ll8tf
Oats were dull and without feature early in the week, but a
to cover contracts began on Wednesday and became
active yesterday, causing a sbarp advance.
To day the
demand
"'iim
17,868
S3.&50
70 J
S.2V.4
IIU.UOH
«r,ii8
•,100
4,»»l
Baltimore
.Sew Orleans
87=8
10,078
t
O.lOtf
Pao. oust, dlsts.*
88%
85 '4
Thurt.
37ie
37is
37=8
38I3
Valut.
188.283
10,219
1.124.017
l.«14,2-»
1,117.185
8»»8
8758
86ie
8519
88.977
ii.&e6,701
fhliadelphla....
December delivery
o. 87=8
8714
87%
1*7^
87 Is
Indian corn was dull, and the fluctuations only fractional.
The strikes of the dock- men in Liverpool excited apprehensions that freight room would be scarce, and buyers moved
cautiously; but on the adjustment of that trouble the market
yesterday took a much stronger turn and the business for
export waa largely increased. To-day there was some further
improvement, on buying to cover contracts.
DALtr OLOSINO PBI0B8 OF HO. 2 MIXKO COBH.
Bat.
QtuuUiUtt
Valut.
Corn, lnu)t.
New Orleans
ADSTUFFS.
71.728
10.21 W
3,321.084
705.1»J
8,»43,&4u
4.155.138
Total, barley....
New York
Philadelphia
Baltimore
B R E
Qu'ntUlxf
t
Barley, Inuh.
8 07
8 07
08
13
8 14
Value.
d.
806 8 07 6 06
608 807 8 00
6 03
8 0t
8 07
eoi
604 eos
d.
Kioht Month:
By
Bush.80U» Bush.8ei5> BiMfi.32Uu'Bus^48UM
Bu.MUw
76.068
76,106
128.291
1,994.900
789.715
277.458
31,448
114.900'
8.3S0
40.000
151,200
30.740
9,831
123.783
891.600
155,200
102.703
1,870
88.678
3.965
4,265
81.237
8;.9t)0
307,816
100.393
1»,376|
93,«8<t
4.8001
16.800
6,311
230
1.770,7301
159.6S0
39.850
15.400
87.400
145.947
4.748
8,332
8.850
16.500
869,8011
210,000
3t.2M
550
195.193
177.417
232,188
1,583,100
4,709,300.
l,3SO,027
534,505
81.701
1,002.899
1.884.315]
1,223,182
1,894,653
981,318
S^.STS
22 729
1,332.7211
ST3.2J6
8S883
.
20.9.37.736
4 583.940
.^lig. 1.
1889-90....
1888-89....
8.426.485
1887-88....
7.893.899
7,838.801
94,689,787 112,045,887
73,428,272 81.153,299
8-^.850.284 88.584,988
!
57.897.263
S5.982,0Mi' 22,027,7>>4| 4.131.381
49.713,48ll 20,188,6781 1,564,138
THE CHRONICLE.
430
The exports from the several seaboard porta for the week
8, 1890, are shown in the annexed statement
endinK March
Jlxporu
/Tom—
Wheat.
Sew York
Snth.
362.478
Com.
flour.
Biith.
Bbli.
Byt.
ButK
Buth.
37,166
3U,0i.0
957,887
263,695
83,824
Boston...
Portland.
Montreal.
7,424
354,149
9,624
20,893
PkUadel.
i?".6<>6
92\i7i
Baltlm're
N. Orl'ns.
139.200
763,259
911,764
44"302
108,568
26',ob6
2,375
23.57."^
Peat.
Oatt.
819
ButK
3.693
16,133
33,459
18,457
N.Newa..
Riolim'd
-
Tat. week.
552,05313,821,776
269,512
404,666
55,623
53,286
B'me time
_10,S92
1889...
37,000 2,084,170
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, March 15, 1890:
'
Barley
Oatt,
Com,
Wheat,
A*'
buth
buth.
butk.
bfuh.
In ttore at—
91.168
742,264
10,100
74,500
84,600
6,495
41,678
1.362,553
1,466,578
4,296,958 4,688,758
834,617 179,061
1,120,782
1,510
3,470
926,869
BTewYork
Do
4,267
3,209,290
99,000
aUoat.
Albany
Buffalo
OMcago
2,957,450
726,946
95,000
33,500
21,498
696.638
164,950
97,840
100,846
150,814
65,0.0
45,000
158,638
311,929
fVoL. L,
was done by leading jobbers. Cotton flannels were more
active in some quarters, and good sized orders (for later deUveiy) were placed by jobbers and the manufacturing trade at a
slight advance upon last year's prices. Brown sheetings and
drills were in moderate request, and coarse yarn goods are
steadily held. Bleached cottons were taken in small parcels
to a fair amount, ani medium to fine grades are steadily held,
but low qualities are easier and in buyers' favor. With a very
few exceptions colored cottons were quiet in first hands and
only in moderate demand by retailers. Shirting and indigoblue prints were very freely distributed by jobbers (by means
of low prices), and there was a fair business in fine printed
dress cottons, woven wash fabrics, gingbams, white goods,
table damasks, quilts, etc. Print cloths were in moderate demand and easier, on the basis of 3%c for 64x643 and 3u for
56x60s.
1888.
1889.
1890.
Mar. 17.
Mar. 16.
Mar. 15.
Stock of Print Olotht—
None.
324,000
3,000
Held by Providence manur erg.
4,000
7,000
Fall River maniila«turer«
55,000
None.
None.
Providence speculators
None.
5,000
None.
Outside speculators (est)
10,000
389.000
Total stock (pieces)
9,000
10,000
—
Domestic Woolen Goods. The demand for men's wear
woolens was not by any means active the past week, yet
there was a fair movement in some descriptions as the result
of new business and on account of back orders. Prices have
not undergone any material change, and leading makes of
545,820 1,014,081
Duluth
4,823,297
fancy cassimeres, worsted suitings and overcoatings are
Do afloat.
73,900
1,753
15,038
25,590
379,328
Toledo
803,959
steadily held by manufacturers' agents, because most of the
35,439
2,029
55,918
111,855
600,416
Detroit
mills are running strictly on actual orders on hand, and
205,000
10,000
62,000
OswefTO
15,181 therefore accumulating no redundant stocks. Staple and
17,914
76,481
1,642,900 2,281,248
Bt. Louis
191,500
fancy cloakings also stockinets and Jersey cloths were in fair
Do afloat.
93,006
10,000
4,000
19,000
Cincinnati
27,000
request by the manufacturing trade and leading makes are
24,831
36,096
354,601 116,599
88,575
Boston
Satinets
8,828 151,914 well under the control of orders and steady in price.
3,308
lH2,ia5
Toronto
91.133 an<l doeskin jeans were in meagre demand, but a fair distri52,420
20.948 147,686
174.733
Montreal
200,466 2,215,095 137,849
Pliiladelpbla.
bution of leading makes was made on account of back orders
10',i34
581830
83,394
358,905
9.346
Peoria.
by some of the commisoion houses, and prices are without
850
6,000 181,376
88,489
IndianapoUs...
quotable change. Worsted dress goods continued in fair re47,613
16,037
748,267
.^01.218
Baltimore.
74,721
297,223
Minneapolis
7,502,676
quest and steady in price, but some good-sized "round lots"
295,000
Bt. Paul.
of fancy all-wool fabrics were closed out at prices which
59,700
558,099
On Mississippi. .
greatly favored the buyers. Flannels and blankets continued
in light and irregular demand as usual at this btage of the
Tot. Mar. 15,'90. 2'».100,6e8 16,696,402 4,550,884 1,554,160 1,608,998
Tot. Mar. 8.'90. 28,314,594 14,517,694 4,868.390 1,588.485 1,658.542 season, but prices remain steady and unchanged.
1,723.447
1,582.455
7,510.455
16.647,438
Tot. Mar. 16.'89. 31.182.501
368.0212.030,210
Foreign Dry Goods were moderately active at times in
Tot. Mar. 17.'88. 36.V57,747 9,298,426 4,296,845
390,905 1,583,760 jobbing circles, but the demand at first hands was strictly
TotL Mar. 19,'87. 53,173,425 16.363,062 4,098,771
moderate, save in the case of certain fall dress fabrics, &c.,
for which considerable orders were placed (for future delivery)
by jobbers and large retailers. Prices for imported fabrics of
a staple character remain firm and unchanged, but it is— as
New York. Friday P. M., March 21, 1890
usual at this time of year a buyers' market for such fancy
business
weather,
unfavorable
intervals
of
Owing partly to
goods as are subject to the mutations of fashion.
in the wholesale branches of the trade was somewhat disap-
Do
afloat
Ullwaukee
Do
afloat
249,232
,
THE DRY GOODS TRADE.
—
of Dry Goods.
Importations
The demand at first hands was
pointing the past week.
The importations of dry goods at this port for the week
Operations in
characterized by a good deal of irreRuIa.ity.
ending March 20, 1890, and since Jan. 1, and the same facts
spring goods by package buyers on the spot were chiefly of a for the corresponding periods of last year are as follows
hand-to-mouth character, while re-orders from some sections
Reports from
of the country were not up to expectations.
f >Tla!
many distributing points in the West continue unsatisfac1^
tory, the almost impassable condition of the roads in several
o
I:
States having interrupted travel and transportation in a great
The jobbing
8;
measure, and seriously Impeded collections.
g:
trade in the regular way was of fair proportions, and a large
business in certain makes of printed calicoes, wool dress
goods, &c., was done by leading jobbers who were in a posiCC
tion to offer large and attractive lines at prices which favored
MCO^'-'tO^'-'
the buyers. Abcut 1,100 cases of domestic white goods were
OoV"cDC'cD
^lUCCtOOS
OMtOtOO
10 CO
OiODOtO-l
-.lyiXi—Cii
eoococco
sold at auction and brought relatively low figures, beOre CM 01
to 01 00
coco
to
cause the goods were not strictly in accordance wiih the
10
COCOOOtOS
-^
M
10
"CDCJI
woolen
COfF"
prominent
trade.
The
of
the
present requirements
C)>Oi)— OtO
ui-q
ooppw«!£.
_tO*^MCOa«
CfttO^rf^W
o» it-%aoi^<i^
Co. has been
i^ooos commission house of John F. Piummer
CDMCo'tO!©
S
-qMODXW
CO-IOOM 1*
compelled to make an assignment for the benefit of their
ccoi*»o^
o:>
*» OS to <l
-opOM
»>Cf*COCS00
OSM
creditors and their liabilities will probably exceed one million
dollars, while the actual assets of the firm have not yet been
M
(t*
&
9:1
!
fcO
definitely ascertained,
rf»-
L)oME8Tio Cotton Goods.—The exports of cotton goods
from this port for the week ending March 18 were 2,821
packages, valued at |165,755, their destination being to the
points specified in the table below:
Nbw York to mabch 18,
1.
ccc;-OC0;d
C»Oa&0»COD
o->
I
120
30
800
India
289
Arabia
8
Alrica
West Indies
Mexico
Central America.,
South America
Other countries
•
.
Total
China, via Vancouver
1,082
3
370
33
6,305
1,276
2,071
1,213
4,433
2,467
429
11,185
1,489
1,254
1,365
3,769
1,182
1,183
7,283
226
96
79
701
40
846
12
723
2,821
3,862
26,817
7,040
1,150
33,371
16,079
33,557
6,6 ^ 3
nill points direct.
1.180
49,450
201
65
86
455
919
1,129
8,642
since January 1 have
been 11,526,009 in 1890, against |1,949,084 in 1889.
There was a strictly moderate demand for most descriptions
of staple cotton goods by package buyers, and a fair business
-
)(>
OS
1^ i^
CD
cc-
<-*c«:DtitPc;<
c?©::»0'-'^
X to T 00
COOtOXOi
COOOSi^QP
M-OOtOM
CO ** C tO>t*_
a to CC CO cb
Mwc:coo
OiW
CD a
too
CDtOtOOiCn
OXOlXOt
OitO
0.t<,^
<JXi
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