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kmtk
HUNT'S MERCHANTS' MAGAZINE,
^.^
RSPRB3BNTINQ THE INDUSTRIAL AND COMMERCIAL INTKRBSTa OF THB UNITED STATES.
VOL.
SATURDAY, MARCH
48.
23,
NO.
1889.
WetH JBndlno March
20
10
28
64
Ajinual subscrlptluu In Lioudon (luoluding postage)
42 7b.
Blx Mos.
do
do
do
«1 Ss.
These prices Include the Isvebtobs' Supplement, of 150 pages
Issued once In two months, and furnished without extra charge to
•ubsorlhprs of the Chromiclb.
Subscriptions will be continued until definitely ordered stopped. The
pabllshers cannot b» responsible for remittances unless made by drafts
or Post OHlce monej orders.
A ale cover is furnished at SO cents; postage on the same is 18
eent«. Yoiumes bound for subscribers at $1 00.
e80.ei4.547
{StocKa
{Cotton
(Grain
(Petroleum
M
i2<:e.r.oo)
(17,lk«,Hi'-.i!(-H5il-l)
(32.1110.100)
(«,444,000)l H-52-ll
1U.496,0U0J
(-671)
6(,404,.3e2
I- 33-2
3,741,900
984.961
e4n,2V«
775,3«9
-I-32-B
87.02'' .082
4,4118.200
Hartford....
New Haven.
1,<1«7,2«1
BorlnKfleld...
l,107,i-S
I.(W0.7««
i,oe2.s«.
70^,283
Worcester...
Portland
Lowall
Mew Bncland.
.
all
the share sales.
The week of last year with which we have to compare will
always be memorable as "blizzard week." Tlie snowstorm
which set in early on Monday morning caused a practical suspension of business in this city for the first half of the week,
and as a consequence bank exchanges fell off nearly two
hundred millions from those of the previous week. Elsewhere the effect was not so decided, but all through New
England and the Middle States the volume of exchanges
Paul
prevailed in both years the current figures make a very satisfactory exhibit, as the heavy additions at Galveston, Denver,
Milwaukee, Duluth, Topeka and Omalia indicate.
The New York Stock Exchange share transactions cover a
market value of $85,840,000, against only $26,000,000 for the
corresponding period a year ago, and, pursuing our usual
method of deducting two-and-a-half times these values from
the New York total, there remains $327,862,229 and $475,314,547
two years representing exchanges of other
an increase this year of 449 per cent.
-HW7
•»
958.8^
4-3-5
-1-13 3
-t-28-b
1.036.488
812,791
4-0-3.
-1-2
1
4-7-2
+13-3
98,838,020
4464
66,4i6,<l04
+240.
9.S19.177
9.781,327
-l-»r4
-t2a-4
11,841,590
11,718,234
4-10-
V0,159,g37
61,623,181
-(-S9-5
»0.0(M,808
+Kr5.
63.»30,B28
5(1.124,505
9.2;2.90<i
-H2-1
66,238,249
423-4
-f22-7
11.396300
-)^50-8
5.127.166
4.262.184
8.323.865
4-23-5.
-i-arT-
2,S3B.liOO
1,691.110
1.472,129
766,119
3.s5«,077i
4.(i55.6f2
2.9IK.224
S.178,2i4'
1,507.799
l,190.54«i
-t-llO
-I-23-9
4-16 4
-fl2 2
2.4'23.»0O
l.K.'9.288
O-
4-131
+14-1
+23-0
tl6-2
4-2-8
-i-23-7
-t-8-6
1,470.210
—1-7
705,789
583,723
—13 a
»»,958,t80
81,310,630
-1-156
96,679,485
-t-21-7
14,832.231
8.150,12«
3,B17,Ci«
3.453,«8;
15.M7.20e'
-78
7,051.130!
3,001. 1'ci;
3.171,292:
-(-I6-5
4-7-5
4-20-4
2,834.775
2.317.338
436-2
15,997.860
8,763.004
4,106.733
4.291.823
3.982.031
4.090.449
Duluth
1.8'.i9,S7l
1.291 ."04
1,283.769
1.203.972
790.0011
-t-20-5
-(•8-9
-i-69-0
-t-41-6
1,87.">,0
1.932.5-24
4-27-2
4-22-0
4-41-2
-I-51-4
+83-4
-2-3
—42-5
1.821.511
+2s-()-
855,'.il9
-3B-»
720,121
419,25?
519,434
366,929
Wichita
B«3,4-.iH
807,340
-1-142
TooPkB
388.790
a77,0»»j
-t-8»-e
Sioux City*
518.3..0
2ti7,94'
Total Other Western..
40-2
H-84-1
^t. Joseph
L#08 Angeles
Tacoma*
-0-2.
48 622.«.^7
Denver
-10 5
+48-*
42,333,6591
39,095,224
-fg-S
46,780,335
+18-4
18,891.682
-I-9-6
4-23 1
19,198.5.'B
10,907,709
+10-2
-18-5
+24-8
LouisTllte....
8,692,493
17,0»2,S23
9.459.810
5.231.180
-i-27-(i
7,84",7.5-,'
Memphis......
2,59S.9.'j&
2.636338
—I 6
Richmond
2.121.638
1,80-,000
4-.12-6
QalvestOQ....
l,-i81,B7M
731,989
788,698
-^7*4
-1-0-8
2,801,242
2,383.099
1,362,831
905,939
4-2r4
+81-0
795,041
43,807,22S
S7,50»,866
4-188
4S.20a,164
+«-5
1.057.593.933
688.068.052
4-M-7 1,047.208.469
2H.'.2I>B.«23!
-\-i*b
Louis
New Orleans.
St.
11.64 5,5«.i
Norfolk
Total Southern...
Total
Outside
*
all
New
Tort.
367.B79..SSH
+ 0-8
g77.0iM.8l2(
Not Included In totals.
Tlie returns of exchanges for the five days
have been received'
evening and are given below. Contrasted
witli the five days of 1888, the total for the seven cities records,
an increase of 13 per cent. Our estimate for the full week
ended March 23 indicates an excess over a year ago of about
14 per cent.
Messrs. R. G. Dun & Co. report the number of
failures for the week ended to-night as 249 (220 in the United
States and 29 in Canada), against 261 the previous week, and
by telegraph
243 for the
this
week
of last year.
WMk aniint Harch K.
1889.
P.Ctnl.
1888,
650.868,270
479,088,177
+18-0
8al«« of Stock (iiWww)...
(1.303,530
(1.159,023)
(+12-6)
Boston
77,440,888
87,146,089
75,061,784
+8-2
+13-7
+1-1
+7-8
+«•!
+S6-1
Philadelphia
Baltlmor*
10,163,418
8t.Ii0sls
Katlmated
ToUl
1
full
•
48,(K)0,000
R.812,200
7,010.567
769.297309
680,761,410
138,400,000
153,108,617
week
922.406,426
118,413,218
BalaaoeOooatir*-
80,241,628
10,083.681
48,810,000
18,629.958
dar
irMk anft Mar. 1*
1880.
t
•
resjiectively in the
origin, or
)-4»8
72,671,942
8.(-33,2y7
3,683,87.1
some reduction.
The result of all this is that the
present aggregate records an enormous gain (53-7 per cent),
the increase at New York reaching 73-6 per cent. In those
sections of the country where normal conditions of weather
suffered
Minneapolis...,
+15-5^
-10-4
-H7-8
2^)64,172
), 108,778
1.079.707
-t-771
07,423,682
8,B13.701
Omaha
ai8.043
741.873
545,138
(34I.700)
66,812,828
11,373,344
ll,»e«,7«7
11.3»1.8()0
5.066.0((8
4,60;.0il4
Kansas City....
nearly two-thirds of
(l.SSO.BZ-i)
a^.T81 .430
4.957.B00
1,744,4&I
NEW
Increased speculative activity on the New York Stock Exchange during the vpoek under review has resulted in a smaU
increase in the volume of clearings in this city, so that,
although in the total for all other cities there is a slight decline, the aggregate for the whole country exhibits a gain of
$10,388,464 compared with the preceding week. The loss from
last week outside of New York is mainly in the West and
South, and is pretty well divided, no one point showing any
marked falling off. On the Boston Stock Exchange the
volume of transactions exceeded those of the previous week,
and was much greater than in the corresponding week of 1888,
the bulk of the dealings being in Atchison Topeka & Santa Fe
and the various copper stocks, which together comprised
4-13-4
(I.15:),93«i
(14,3<JS,U00,
Boiton
St.
670,180,657
(43.;!)H.8;ioi
Detroit
Clereland
CLEARING HOUSE RETURNS.
-(-TS-O
tiUj.)
Messrs Edwards & Smith, 1 Drapers' Gardens, E. C, who will take (kilumbus
abscrlptions and advertisements and supply single copies of the paper Indianapolis...
Peoria
at Is. each.
Qrand Rapids..
& Co., Pnbllstaera,
VTLUAH n n»w» ( 'WII.I.IA'W B.
Total Middle Western
»«>a William street,
YORK..
JOHHO• '^'^'"FLOYD
t
Post Office Sox 958.
San Francisco..
DANA
392.8&>,229
(-18-2)
(-7&-3>
(4-2r5)
,
Ij»ndon Aeent*
V,
P. CKnf.
l613.1fo'(-(- 202-21
(-21-4)
(lihj.inu)
of AdrertislD^.
Philadelphia.,
Adrertlsements ordered for less than one month, In the Commercial PIttBbarg
* Financial Chronicle, are published at 25 cents per line each inser- Baltimore
tion. When orders are ilefluitely given for one month or longer, a libTotal Middle..
eral discount is allowed, and the net prlca may be obtained on application at the oltiee. The lowest rates on permanent cards dellnitiity orChicago
dered for one year are 8 cents per line eacli insertion, making $5S for Cinolanatl
one inch spaoe one year. Space is measured In agate type— 14 lines to MUwaakee
the inch.
Mar.
»hara,\
Mie<.)
buvAWj.)
ProTldence.
Total
JSnd'l
t
New York
SalaoS—
Terms
W€tk
16.
P. Cent.
lese.
Terms of Sabscription— Payable ia Adrance :
For One Year (tnoladlni; postage)....
¥10
For Blr Months
do.
6
Knropean BiihBorlptlon (tnolnning postaee)
11
Euroi>oan Subscription 8ixMontln (including postage)...
6
1.239.
14,820,6«8
819,161
,4
10
61,065,110
1.0*7.81i'.6!'S
l)l0 24S.82n
TotelwMk. all
rot th« tall w««k, bM«4 oa last w««>'s ratwu.
864,782.611
P.Oint.
+64S
(1,219,8801 (+27S-4)
«»,87»,678
+33-0.
84308,678
-ha4-A.
10,398,416
4-S5-5
63,209,000
18,778,271
10,836,661
+14-(^
+1(C5
+24-0
+18
778,i88,<W7
+78-»
+10-6
163,213,046
+io-<>
+1*H
+ 26-7
641,801.688
118,109.4*7
+88-0
+««-*
H-O 1.057.91 l.i4«1
-8S-»
IHE CHRONICLE.
380
by the Bank
[Vol.
XLVm.
France to advance to the Comptoir 130
while private bankers in Paris subSo far as the call loan market is concerned, there has scribed for the same purpose 30 million francs it is a
been no change whatever this week. But for short surprising fact that notwithstanding these failures and
time money the activity in the demand has increased, financial engagements, the monetary centres of Europe
in so slight a degree.
The official
the feature being a bidding of 4 per cent for thirty days have been disturbed
England
has
remained
unchanged
per
Bank
of
at
rate
of
the
offering
4
is
on prime collateral, while money
during
the
week
no
time
has the
at
situation,
at
per
cent,
and
3
anomalous
an
This is
cent for ninety days.
months'
bank
three
bills
at Lonanticito
rate
for
sixty
days
the
part
to
small
in
only
and is said to be due
figure, while at the close yesof
that
close
beyond
don
advanced
the
at
demand
the
in
urgency
pated customary
March, and beginning of April. The chief cause, it is terday the quotation was 3f per cent the open market
claimed, is a hint— which playing on men's fears would rate at Berlin and Frankfort has continued at 3 per
that Secretary Windom will, as cent, and even at Paris the advance was only to 2f
easily gain credence
soon as the political appointments connected with his per cent from 3^ per cent. This quietness in the
would seem
of influences so unsettling,
office are disposed of, and which now necessarily absorb presence
THE FINANCIAL SITUATION.
of
million francs,
—
;
—
amount of money
With bank loans
his attention, immediately reduce the
by
held
depositary
the
banks.
to indicate quite a
strong, healthy condition in busi-
ness circles, and yet, of course, the localizing of the
embarrassments and the allaying of any panicky feeling
was due mainly to the promptness with which the Bank
of France, the Rothschilds and other large bankers
came to the relief of the Comptoir d'Escompte, thereby
enabling a liquidation in place of the appointment of a
The relations of the Comptoir to the governdiscretion that its progress would scarcely be detected; receiver.
and there is every reason to suppose that Mr. Windom, ment Avere probably too close to permit any other course
demands of depositif he has it in mind to reduce those deposits, will not do to be pursued, and most likely the
satisfied
during
the run on that
fully
ors
pretty
The
were
slowly.
it suddenly, but will act wisely and go
a
such
doubt
no
movethe
quicken
would
course
ments of money, and for a time give increased
urgency to the inquiry. That would be the tendency obviously, and yet the affair could be managed with so much
and
discounts
full,
so
tend
to
dull institution which was the early feature of the disturbance.
The Bank of England gained £193,000 bullion
Furthermore,
at
all.
harm
and
do
no
summer months
week,
which, according to a private cable to us,
this
rethe
that
of
$48,818,991
remembered
should
be
it
ported held in banks by the Treasury on the first of resulted from gold bought by the Bank to the amount
March, only about the trifling sum of 8 millions was of £65,000, supplies received from the interior of Great
held in New York City. And although this centre Britain in the amount of £148,000, and an export to
would feel derangements in monetary affairs at other South America of £30,000.
Our foreign exchange market has been very dull and
centres of trade, yet if they occur during the quiet
almost without feature this week, rates remaining at
months even they need not be at all disturbing.
It was somewhat
Call money as represented by bankers' balances has 4-86| for long and 4'89| for short.
announced
that Brown
yesterday
when
it
was
surprise
of
a
cent,
averaging
fraction
above
2
per
a
ranged from 3 to
Brothers had engaged $1,000,000 gold for shipment,
3|^ per cent, at which figure renewals have been made.
Banks and trust companies have continued to loan on though it would have been no surprise had the movecall at 3 per cent as the minimum, 4 per cent being ment taken place earlier in the week during the more
transaction could be stretched along through the
easily obtained
when
collateral is not
all
first
disturbed condition of affairs in
class, or
Paris.
Still,
gold
with the understanding that the loan will not be called shipments ought not to come as an unexpected fact at
Short time money any moment now. A slight rise in cable transfers
except under special circumstances.
has, as already stated, been more active, 4 per cent would make such shipments profitable, and the last
On
being freely given for thirty ^days, but for five, six and half of the week there has been a firmer tone.
seven months the rate has continued at 5 per cent;
the supply of funds on time seems to be fair, and
demand not urgent for other than the
the
Boston has been offering time contracts
short dates.
_
amount on stocks
to a liberal
chiefly at that
the
moment
centre
as
of
railroads
collateral, that
well supplied with
dealt in
city being at
money, although some
made by Boston banks upon their
with our own institutions. The demand for
drafts have been
deposits
commercial paper is a little better, some of the banks
which have recently been out of the market now coming
in as buyers, and while the supply is fair it is not overabundant. Rates are about as last quoted, though the
tendency is slightly downward. Quotations for sixty to
ninety days' endorsed bills receivable, are 4i@4i per
cent, for four months' acceptances 4|@5^ per cent, and
for good single names, having from four to six months
to run,
5i@6i per
cent.
It is a surprising fact that
notwithstanding the financial shock at Paris, ending in the judicial liquidation
of the Comptoir d'Escompte, a concern with 80 million
francs capital, and the collapse of the Societe des Metaux,
perhaps the largest, most comprehensive and most successful of syndicates ever formed, and the engagement
'
Monday and Tuesday there was some buying of stocks
by the arbitrage houses for European account, but the
amount traded in was not large. Shipments of cotton
are still quite heavy for this season of the year, while
the corn and provisions exports are in excess of 1888;
but imiJorts of merchandise are also large.
While all the evidence goes to show that the volume
of trade and business (barring one or two industries
affected by special conditions) continues very large,
comparisons with the previous year just now do not
In March
possess the same degree of value as usual.
last year trade suffered not only from the effects of the
blizzard and bad weather generally all over the country,
but the great strike of the locomotive engineers in the
West, which prevailed in the same month, exercised an
equally if not more depressing effect upon trade operaIt is necessary in judging current
tions for a time.
events to recall this situation of affairs, and yet after
making due allowance, both bank
clearings
and
rail-
road earnings indicate that business is very active.
The coal trade is one of the industries where the conditions are not altogether satisfactory,
and especially
is
with regard to the situation of anthracite. The
companies are confronted with large stocks at a time of
this true
1
March
23, 1889.
THE CHRONICLK
J
381
demand, and though prodnction is being rig- road. The losses are very heavy, that in net reaching
work of restoring tlie proper equilib- $6,571,457, besides whicli the lines controlled have
rium between consumption and production is necessa- suffered a loss of $1,553,550, making over 8 million
The Philadelphia Inquirer is authority dollars together. As a result, the income of the comrily very slow.
for the statement that an understanding has been [)any (allowing for $408,555 received from land sales)
lessened
idly curtailed, the
reached for regulating the outi)ut, the companies to be
guided with regard to their percentages of the total (what-
fell
$4,331,425 short of the 5 per cent paid out in divi-
Such an exhibit
if the public had not
would
have been disturbing.
ever the total may
last
October
year.
Fortunately,
the
company
had
regularly
and
published its
September
August,
the months of
While this is encouraging, the statement for February, gross and net earnings each month all through the year,
issued this week by Mr. John H. Jones, and which gives so every one knew just what was coming, and it only
While all the
stocks and production, is not quite of the same nature. remained to record the actual result.
It shows that with production greatly restricted, so that roads in the West suffered from various causes in 1888,
the amount mined was 430,000 tons less than in the the Quincy had special depressing influences to con-
be) by the proportions ruling during
month
same
last
year,
stocks
tidewater
at
points
though the addition was not large. In other
The
words, consumption again fell below production.
following table will show how the consumption for this
year compares with that for the corresponding periods
of the two previous years.
increased,
Jan.
February.
1 U>
March
1.
|
AuMiratiU
Stock
Coal.
besinnbur
I88».
1888.
Tbnt.
Tom.
807,3U
1
1
X887.
TonM.
475,448
1
I
tend
1887.
Tbru.
829.156
Torlt.
lom.
4,794,318
company
5,166.698
all
2,<»7.eas
2.028,322] 2,551,003
4,720,191
Snpplr
Sfk end of pwioa
2,904,976
2.823,480; 3,026,451
6.3415,347
4.914,891
372.282
the
as this,
it,
engineers apparently
importance and effects.
It must be remembered, too, that the road has been very
severely affected by the construction of new competing
roads, no less than three new lines having been opened
between Chicago and Kansas City, namely that of the
St. Paul, that of the Atchison, and that of the St. Paul
& Kansas City. But it is a striking illustration of the
strength of the Quincy system, that though net earnwith,
transcending
1888.
Prodaotlon-
S&.ieS
been fully prepared for
1888.
130.977
4,784,014
of period
dends.
all
strike
of
its
others in
ings declined from $11,478,165 to $4,906,707, yet the
than a million dollars short of meeting
and other fixed charges, and also the
837,216
232,501
470,600
837,«16
232.601
470,009
very heavy sinking fund requirements.
The direct
^Conflumptlon.. 2.067.760 2,390.889 2.555.842 «,908.181 4,689,490 4.695.969
contribution to the sinking funds was $691,476,
We learn from the foregoing that consumption was only but in addition interest was paid on the live bonds held
2,06'?, 760 tons in February this year, against 3,390,989
for these sinking funds and there was also $133,212
tons in 1888 and 2,555,842 tons in 1887, there having received from land sales, so that altogether the paybeen a falling off in this month now for two years. ments to these funds in 1888 were about $1,400,000. The
There was an increase however in January, so that for total payments to date into the existing sinking
the two months the loss is not very heavy
174,000 tons funds amount to nearly 15 million dollars. As far as
as compared with 1888 and 187,000 tons as compared the loss in earnings last year was due to the strike and
with 1887.
The falling off of course is easily explained. the unstable rates, there ought to be a very decided
The weather has been unusually mild and at .the same improvement in results the present year. The company
time there is reason to believe that consumers laid in last has just issued its January statement, showing a gain of
.autumn a larger proportion than usual of their winter sup- $75,236 in net earnings on the system proper, and
Besides $12,433 on the outside lines controlled.
plies, the increase then having been very large.
The heavy
this, there was one less day this year (February having gains however will not come till March, April and May,
had 28 days, against 29 in 1888). The chief unfavora- in which three months last year the loss in net amounted
its
fell less
interest
1
—
therefore is the large stocks (837,216 tons),
ble feature
but under a sensible policy of restriction these can be
easily
A
to over 3J million dollars
The
reduced.
curious feature connected with current production
(not counting the outside
lines).
been irregular and considerEarly in the week, when the copper
France
culminated,
operators for a
stock market has
ably unsettled.
burden of the unfavorable conditions does troubles in
Of course decline made a determined attack on the market,
rest upon all the companies.
comparisons with last year are of little value, because causing a sharp fall in prices, and for a time the outthe double strike then completely changed the relative look seemed very unpromising.
But when it was seen
positions of the different producers for the time being. that the European money markets gave no evidence of
/Bnt there are some very striking changes even as com- special fear, and that the collapse of the syndicate and
pared with two years ago.
Taking the two months the bank identified with it was working no mischief
together, the total production has not varied much, here, and especially when London showed a disposition
being 4,720,191 tons in 1889, 4,784,014 tons in 1888 to buy our securities at the lower prices, there was some
and 4,794,316 tons in 1887. Yet with this loss of less recovery, and the tone since then has been much firmer.
than 75,000 tons from two years ago, the Lackawanna The stocks which have manifested most weakness are
falls 224,000 tons behind, the Delaware & Hudson 115,- Atchison, Missouri Pacific, Burlington & Quincy and
000 tons behind, the Reading 97,000 tons behind, the Rock Island, all of which close considerably lower than
Pennsylvania Coal 58,000 tons behind; on the other a week ago. Northwest and St. Paul, on the other hand,
hand the Central of New Jersey which increased its have ruled rather strong. The announcement that the
output last year notwithstanding the strike, has a fur- anthracite coal companies had reached an understanding
ther increase the present year, and thus is 196,000 tons for regulating the output of coal in the future, had a
is
that the
not seem to
I
I
ahead of two years ago, while the Lehigh Valley is 94,000 tons ahead, the Pennsylvania Railroad 51,000 tons
ahead, and the Erie 77,000 tons ahead.
The
character of the
Burlington
& Quincy
annual
statement, issued this week, has occasioned no surprise.
It covers
a year of extraordinary depression for the
stimulating effect upon the stocks of the roads affected,
and Keading securities, both bonds and stock, which
had been tending downward, developed a tendency in
Some of the low-priced specialties
have again been brought forward, and Chicago Gas
Trust certificates have had a sharp rise. There have
the other direction.
1
,
THE CHRONICLE.
382
[Vol. XLVIII.
the gen- ultimately strong enough to upset the best laid plans.
heen no special developments of consequence in
Keturns of railroad The available product became somewhat greater than
eral conditions affecting values.
w'thfew the syndicate expected; the amount consumed was a
for current periods continue favorable
earnings
Some further
exceptions, while money remains easy.
to hand, but
come
reports of cats in railroad rates have
Confi.
moment.
gi-eat
these are not considered of any
schedule
maintain
to
disposition
dence in the ability and
Yesterday there was a
whole, is strong.
great deal
less.
no evidence that any mistake was made as to
This was
But the
amount
of unused copper scrap, unavailable at 9 cents a
tariffs as a
pound, but utilized at 16 cents, was a thing of no slight
side.
renewal of the shipments of gold to the other
importance. For the time being it operated as a virtual
following statement gives the week's receipts
There
is
the probable output of the mines themselves.
a known factor, and was properly discounted.
The
and shipments of currency and gold from and
interior by the N ew York banks.
Week endino Marck
N. T. Banks.
{1,40J,000
Currency
Gold
If.
r. Bankt.
J2,090,ioo
810,000
tl.4Q5.nno
Total gold ana le gal tendera.
operations
With the Sub-Treasury
the result
is
t2.1KX).''01
the
^et Interior
Movement,
SMvped by
Btceivei by
22, I860.
to
Loss.
(685.000
!La;8.
810,000
'
Logs. *1.495.000
and gold exports
as follows.
Wuh ending Marchi2, 1889.
Into BarOa.
Out of Banke.
Banks Interior Movement, as above
Sab-Treas'j opdr. and g jld exports.
H,405.000
12,900,000
11,700.000
!-•.
Total gold and legal tend«n....
»13,105.000
100.000
$1!,000,000
Net Ohante to
Bank HobMngi
Loss. |l.-195,O00
Gain. 1,800,00(ialn.
flOS.OOj
following table indicates the amount of bullion
principal European banks this week and at the
the
in
corresponding date last year.
Tte
March
Bankt
March 22,
21, 18t9,
ot
Silver.
eotd.
Total.
£
S2.SS4,071
40,«SS.047
Germany...
AQSt.-Hnng'y
31.310.334 is.B^'w.eoe
Tot. this
week
«
1»tau
1
22,364,0711 23,480,62l|
Bngland
France,
Netherlands..
Nat. Belgium.
Silver.
I
23.4e0,«24
89,681,812
48.»79.00t
44,65S,230j47,82j,166
6,623,000 1S.549.00<
81.17!.00(
6.258.0 )0!l4,715,00i
«),973,00li
6.100,000
7,038,00<
12,136.000
4,4S5.00a| g,3'3e,00<
13.811,000
8,712.000
1,396,00<
4,068.00(
40.3i|«.-.i65
28,»1U.33» 14.474,667
2,897,000
1.418,00<
02,480.396
43,421.001
4,345,100
107,462,452 p8,026,931 Hi6.389.38S 110.705,188 86,788.833 107.491.021
193.618.181 110.462.243 86.508.56- 197,' 60.810
Tot.prev.Wk. 107,187,860 88.457.312
1
THE DIFFICULTIES OF THE COPPER STNDICA TE.
At the
outset most people predicted the failure of
the Copper Syndicate.
In this respect the result is no
was surprising that the syndicate
should last so long, and then fail. It is etill more
remarkable that it should have broken down without
any internal dissensions in the organization itself. This
is what distinguishes its fate from that of most pools
and combinations. They have generally been successful as long as the trade was closely organized, and have
not failed till their members began to fall apart.
But the copper-producing interests were never more
closely organized than last week.
The syndicate consurprise.
But
it
increase
of
the world's supply.
Even
after the scrap
and waste on hand was exhausted, the consumers strove
for greater economy of material under the higher prices
than they had cared to exercise under the lower ones;
a-ad the effect of such economy was the same as that of
an addition to the available supply.
The effect of the increased prices upon consumption
was slower; but when it came it was far more intense.
The amount of copper which the world would use at 16
cents proved vastly less than it would use at 10 cents.
In some cases people simply went without the articles
which they would otherwise have employed. In other
cases they
found different materials
to take the place of
Zinc was repeatedly substituted for brass; andwhen the price of zinc was itself forced upward, it was
astonishing how many uses could be found for iron
copper.
which previously seemed out of the question.
such change was disastrous to the syndicate.
not temporary in
sented just so
effects,
its
much
requirements, and so
but permanent.
Every
was
It
It repre-
reduction in the world's copper
much
syndicate in disposing of
additional difficulty for
its
tJie
surplus stocks.
how impossible it is for any combinahowever complete, to evade the laws of supply
and demand. The syndicate had been strong enough
to suppress competition, but it was not strong enough
to prevent the ordinary results of competition from
being reached in a somewhat roundabout way. It
could prevent consumers from buying copper except
at a monopoly price; it could not force them to buy
copper at that price if they preferred to go without it,
nor coiild it prevent them from using other metals in
In either case the syndicate was left with an
its place.
stock
of metal on its hands, which it could
increased
not dispose of except by a readjustment of prices, and
All this shows
tion,
could not carry indefinitely without great financial loss.
The result was less direct than that of ordinary mercantile competition;
but
it
was the same in
its
essential
nature.
What would have been the result if the syndicate had
been content with smaller profits can only be a matter
trolled a larger part of the product than ever before. It of conjecture.
It would not have discouraged conhad contracts with all the strongest mines. It had sumption so much, and perhaps would not have stimurecently renewed some of these contracts on terms lated production.
It would, therefore, not have been
which were more favorable to itself than they had pre- left with such a large unsold surplus on its hands. But,
Tiously been.
So strong was the feeling of com- by the supposition, it would have made smaller profits oa
munity in trade interests that the individual mines are the preliminary transactions, and would, therefore, 'liave
in no haste to break their part of the agreements even had less money to use in carrying stocks. The moderate
after the collapse of the syndicate itself.
Rather than surplus of copper under these circumstances might have
bring back the old cut-throat competition, they prefer proved fully as burdensome as the larger surplus with
to await developments.
larger resources.
The syndicate failed solely because the laws of supply
and demand were, too strong for it to contend against.
icy the syndicate
It failed after nearly all the
But
if
we grant
that with a more conservative pollasted longer, what does
might have
initial diflBculties were it prove?
Simply that a trust or trade combination
overcome, simply because its financial endurance was has the best chance of survival if it does not try to pat
exhausted.
Its plans had been well laid, and
had prices very high. So far from making the trust wholly
enabled it to surmount the known and visible obstacles. independent of the consumer, it shows that it must
But there were some less obvious factors in the problem make prices low enough to encourage consumption. As
whose influence it had not discounted, and wJuch
were iudvistries are organized to-day a large market is requi-
March
site
THE CimONlCLR
23, l8t».J
for their
invested the
life.
more
The
larger the capital
vitally necessary
is
it
which
is
that that cap-
8£3
any guide there
is
no fault
to be
found with the pros-
pect.
The very causes which
Uoports of net earnings are already coming to hand
be actively employed.
one sense make the producer able to defy competi- for the month of February, but the latest full returns
It is
in another sense make him more completely cover January, the first month of the year.
tion,
The factory whose evident from these statements that 1889 is proving a
dependent upon the consumer.
We give our usual analysis and
plant is so costly that it has least to fear in the way sharp contrast to 1888.
of direct competition, is often the one which loses most summary on another page, but in view of the great interest attaching to the matter, make a separate stiidy
from a shut-down.
ital shall
in
The same reasoning can be fairly applied to all large
We do not mean to say that there
trade combinations.
misuse of the power which such
from
the
is no danger
But we believe that this danger
-combinations possess.
has been generally exaggerated; and we believe
still
here of that phase of the inquiry which constitutes the
controlling element in the whole situation.
For while
quite a number of circumstances have contributed to
bring about improved exhibits (some of the favoring
circumstances being ephemeral and transient in their
'
effort to meet it by special legis- nature) the underlying influence of greatest moment
worse than useless. In theory the power of has been of course the effort to prevent rate cutting
such combinations is enormous; in practice it is limited. and destructive competition, and it is to this that
wheat corner might, in theory at any rate, be made a attention is chiefly directed.
Dur readers understand that this attempt to prevent
means of despoiling the public; but in the light of
present experience it is the operators themselves who rate cutting has in great measure been successful rates
Fluctuations in price may be produced being on the whole well maintained even while there
suffer most.
more strongly that the
lation
is
A
—
no evidence to show that was more or less uncertainty <is to whether the agreeis on the side of the
ment would be finally and generally adopted. But the
speculators.
It is by meeting the demands of the more important point now is as to the tangible results of
market rather than by seeking to control or corner it the changed situation in adding to gross and net earnAnd a temporary corner in the 'iugs. On that point obviously the character of the rethat money is made.
turns from the section of country which previously sufmarket is far easier to manage than a permanent one.
A combination which could seriously restrict the fered so much from the existence of the opposite condioutput in any given line is in danger fi-om every quar- tions in other words, the whole of the district west and
offers the only correct guide. It
ter.
It has to fear the treachery of its own members southwest of Chicago
and the possible competition of outsiders. Even if is necessary, therefore, to separate such roads from those
these dangers are avoided, it must guard against dimin- in other parts of the country (though nearly every secThe experience of the copper syn- tion has been benefitted by the same arrangement), and
ished consumption.
dicate shows how great this peril really is.
Everything this we have done in the exhibit prepared for the preselse was in M. Secretau's favor.
He dealt in an article ent article. AVe are fortunate in being able to give a
whose supply was physically restricted.
He had more than ordinarily complete statement of the course
impressed all the strongest producers with a sense of of earnings in this section, a number of companies
community of trade interests. He had formed an organ- (among them the Missouri Pacific, the Chicago Milwauization which did not break to pieces under any strain kee & St. Paul and the Illinois Central) reporting
short of absolute destruction.
And yet he failed, their monthly figures for the first time the present year.
because even under these circumstances the consumers We have selected for purposes of illustration such roads
held the key of the situation in their hands. His need only as are comprehended or were intended to be comof selling was in the long run more powerful than their prehended in the Presidents' agreement and which have
need of buying. If he did not put the price where the furnished reports to us for the month of January, The
demand would equal the supply, he was simply accumu- statement is as follow^s. The Atchison gives.a comparilating heavier burdens with each year.
son with last year only on the net, so in making up our
The reaction was not so quick as under the simpler totals we have been obliged to include an estimate for
forms of mercantile comj^etition, but it was no less sure its gross of last year.
vastly more sure than the effect of any statute law
QBOSS AND NET EIRSIWOS.
against trusts, however well devised and carefully worded.
Griisi Eamino$,
Net EaminnB.
January
This is the chief lesson of the downfall of the copper
^IncorDee.
1839,
1888.
1888.
1889.
syndicate.
That it might possibly have succeeded
t
i
*
$
Z
•
•
314.137
1,979,174
887,914
+ 73,777
better if it had used its power more moderately, only Atch. Top. & Sonta Fe
31,9*1
Burl. C. R.& North ...
205,028
208,246
3-3,899
+ 18.918
emphasizes the fact that that power was in the long run Chic. Burl. ANorlh ...
1-57.660
158,638
108.835
60,408 def. 7.252
Cblc. Burl. & Qalncy...
378,848
+7B,SS«
1,916,205
1,671.294
453,879
less arbitrary than most people supposed.
other lines contr'ld.
148,648
648,421
470.799
158.071
,+ 12,423
Chic. Mil. 4 St. Paul...
1,655,810
394,169
93,755
1,452,017
+ 800,414
which are bad; but there
is
the aggregate balance of gain
—
—
—
.
•
.
IMPROVEMENT IN THE WESTERN
ROAD SITUATION.
The year 1889 has progressed
RAIL-
Fort Worth & Denvtr.
nilnols Central
Iowa Central
Minn. &St. Louta
Missouri Paclao
Union
Paelflc.
Total
83,338
983,863
116,661
83,890
92J,4ai
2,457,676
63.503
957.803
08,272
86,6(0
809,241
2,163.543
11,121,316
9,795,182
21,892
330,948
21,218
-496
22,388
263.410
def. 88«
lasss def. 1,876
210.S3<
108,971
52''.25a
894.730
+ 87,538
+ 2i,184
+ 19,914
+ 100,581
1,737,149
+ 88-»,60&
2.643,751
+ 132.528
far enough to enable
• • < OtTom earnings for Iiut Tear not glTOu
we bave made an allowanoe
one to see some of the fruits of the efforts which have however
for ha same In our total.
teen made to improve the railroad situation and also
Thus in January of the present year, with rates
the assurance which this holds out of a permanently maintained, these roads earned $1,326,134 more in
better state of affairs in the railroad world in the future. gross and $886,005 more in net than in the same month
It is gratifying to find that the expectations entertained last year, when rates were demoralized and a war prein this regard are not being disappointed, that results vailed.
This improvement in the net amounts to over
are proving quite as satisfactory as had been thought 50 per cent.
Only two of the smaller companies show
possible, and that so far as the current outcome offers a loss in gross, and but one (to a trifling amount) a loss
;
1
THE (CHRONICLE.
384
in the net.
On
the other hand, the gains on some of
[Vol. XLVIII.
THE PIG IRON WARRANT PLAN
The
the roads are very striking, especially in the net.
St. Paul, which last year reported only $93,755 net,
The Burlington &
this year has a total of J$394,169.
The iron industry is such a large one and affects so
many trades that any plan relating to the manner
Quincy has increased from $378,643 to $453,879, the and method of dealing in the product has a wide
This is especially true and deserving of most
Illinois Central from $263,410 to $330,948, the Union interest.
Pacific from $394,730 to $527,256, and the Missouri careful consideration when the undertaking seeks to
Pacific
against $103,971
facilitate
net in 1888, has $210,532 in
ing day in the month.
But without the
aid
the disposal of surplus accumulations in time
and prevent the frequent and wide fluctu-
of depression
January, 1889.
We are not unmindful of the factthat in addition to
the changed situation as to rates, there have been some
other advantages the present year, such as the absence
of bad weather and the existence of an additional work-
For that reason the scheme for storing
pig iron and issuing warrants representing the same, as
ations in price.
done in England, has received much attention at the
hands of the press and the public.
is
It is noteworthy, however, that the proposition has
been sharply criticised by leading iron men, and has
not been very favorably received by the public, though
from better
rates, the improvement noted could not have occurred.
Good or bad weather will always make a great differ-
some modification of opinion is
Both Andrew Carnegie and
ence in results during the
in this latter respect
trast in this respect
apparently taking place.
;n'inter months, and the conbetween January, 1889, and January, 1888, was particularly marked.
Yet there is
another side to the matter. The mild weather curtailed the demand for coal, and hence there was less
cOal traffic on the roads having that kind of traffic;
it
also must have restricted travel to the winter
Mr. Clarke of the Thomas Iron Company are represented to have taken exception to the plan in vigorous
language when it was first broached. Thus Mr. Clarke
is quoted to have said that he did not believe that any
manufacturer who was in good sTiape financially would
(California, for instance), besides interfering care to go into the arrangement, that the whole thing
with certain kinds of operations customary to the win- evidently emanated from the South; "the Southern
ter months.
Not only that, but some of the ordinary " iron producers are impecunious, and this is a scheme
traffic conditions were quite unfavorable.
Last season's " to raise money on certificates." Mr. Carnegie said it
short crop in the spring wheat regions, left very little was "only an attempt of speculators to obtain other chips
resorts
"to gamble with. No Pittsburg manufacturer visits
" the pawnbroker, and that is what the trust will have
as some of them have had no counterbalancing advan- "to do if they ever start."
By others the plan has
tages on account of the heavier corn movement.
At been denounced as a trade combination and a Standard
to come forward.
With the lines in the Northwest this has been a very important item, the more so
wheat
the same time there has been an almost complete check
new railroad building in that part of the country,
Oil monopoly.
while the roads have been curtailing and restricting their
ordinary work in nearly every direction.
That there
is
to
But how far are these objections well founded ? It
true that, besides gentlemen eminent in the railroad
and financial world, some of the promoters of the entershould have been such a marked improvement in both prise are parties prominently identified with the Standgross and net, in view of these unfavorable circumstances ard Oil Company and tile Cotton Seed Trust, but the
and especially in view of the short wheat crop, is strong undertaking in its present scope and purpose does not
evidence of the benefits. being derived from the new appear to be a Trust, nor has it apparently any of the
state of affairs.
characteristics of an ordinary trade monopoly.
The
not extended our comparison further back " American Pig Iron Storage Warrant Company," as
than 1888, partly because some of the roads, as already the enterprise is called, is simply the receiver of such
said, now report for the first time, and partly because stocks of iron as manufacturers may choose to place in
such a comparison would take up much extra room and its care, and against such stocks it issues its certificates
We have
cloud somewhat the main point to be considered.
On a
number of roads the net earnings of 1889 fall below
those of 1887; the Burlington & Quincy has not done as
well as in that year, nor have the Atchison and the Mis-
or warrants,
of
which the manufacturer can
way
in such
not surrender his
as
he sees
riglits as
a
the whole or any part of his
But that is a minor matter. It was not
expected that on roads where the effects of new competition and new mileage are especially severe, former large
revenues are at once to be restored.
The most that was
souri Pacific.
sell
or dispose
The producer does
free agent ;. h? may store
output, or he may store
fit.
none at all he does, however, bind himself for a period
of twenty years not to store with a rival concern, should
any be formed, this latter provision being considered
necessary to ensure the permanency of the storage company and give to its warrants character and standing.
In a letter dealing with the objections which have been
raised to the scheme, and which was published at length
in the Iron Age of February 28, Mr. George H. Hull,
;
hoped for was that there would be a sharp recovery from
the extreme and severe depression of 1888, and this the
analysis here made shows to have occurred.
Nevertheless, some of the roads have improved even over the
results for 1887.
The Union Pacific, the Iowa Central the president, states that the capital of the association.
and the St. Paul all have larger net now than then the is pledged only as a guarantee for the safe custody
—
St. Paul, indeed,
has the largest net of any January of the iron put into its hands.
The company
since 1885.
And the improvement seems to continue assumes no commercial risk, he says ; " it does not
in the later figures.
The Illinois Central this week "buy or sell its own warrants; it issues them to
issued a preliminary statement covering the month of
"the order of the furnaces who store the iron, has
February, according to which gross has increased from
"no power over them after they are issued, and
$915,000 to $1,047,000, and net from $230,000 to $380,- "has no power to control,
or attempt to control,
On the whole, therefore, there is much room for "the market. It does not loan money, but will act as
000.
encouragement as to the beneficial results arising from "broker to secure loans for
furnaces who furnish warthe change effected by the agreement among the Presi- "
rants as collateral."
The charge for storage is 25
dents and bankers.
cents per ton (half what it is in England, Mr. Hull
!
Ha^rch
states)
33,
and
THE CHRONICLE.
1%0.J
cents a
2
month
for
carrying.
Unless,
386
erable diversity of opinion
as to
the possible conse-
Quite a good many persons maintain that
there appears to be no ground for calfing it a trust, or large stocks would be a weak element in the situation,
for ckiming that it possesses any of the characteristics and tend eventually to depress prices.
But this U
therefore, the object of the association be perverted,
of a monopoly.
The charge
facilities for
that the warrants will afford increased
speculation
is
unfortunately true, and in
quences.
met by the argument that while such might be the case
unsold in the hands of the
original makers, the same theory does not apply where
did the stocks remain
our view that is a decided objection to the plan. But the stocks are held in the shape of certificates by capithen the question arises, is not that incidental to any talists and investors. The investing element, Mr. Hull
attempt to give greater stability and a more comprehen- says, has shown itself ready and willing to carry almost
For although from any amount of securities that are safe. Such holdings
sive basis to a leading industry ?
an
ethical standpoint all kinds of speculation are to be
deprecated, from an economic and financial standpoint
a degree of speculation is beneficial and desirable, as
Indusfurnishing a safe and reliable basis of values.
trial requirements have made mercantile exchanges a
necessary adjunct for regulating and expediting modern
business, although no doubt through the facilities they
afford many grave abuses, and prominent among them
the manipulation of products,
are
The
promoted.
would come out gradually when prices
preventing the
which
artificially
permit
the
high figures
starting
of
furnaces, would meet the enlarged
rose,
and while
now reached and
unfavorably
demand
located
natural to a
period of active business by stocks accumulated at
home
rather than abroad.
We
are by no
general
means
Mr. Hull is, that the
depended upon for carrying
as sure as
investor could be
these warrants, while prices are above the cost of pro-
duction, or that prices would not drop to as low a point
can be shown that substantial advan- under the new system as with the conditions unchanged.
tages and benefits are to accrue from the arrangement. Consumers of iron would purchase the warrants in anticipation of wants
What, then, are the expectations of the promoters ?
producers could use them as collatobjections raised on the score of speculation, therefore,
are not fatal,
if it
;
and speculators would buy them if higher
In these ways the carrying of
warrants as proposed will prevent such wide and pricesjooked imminent.
extreme fluctuations in market values as now happen stocks would be promoted. But as in time of business
And,
consider the
first,
claim that
with each recurring trade cycle.
the
of
issue
;
Greater steadiness in prostration the multiplication of outstanding warrants
would have no limit except through a curtailment in
would certainly be an important point
gained.
We all know the experience under present
conditions.
In a period of depression prices go so low
that even the best situated and best managed furnaces
can hardly make a profit, while in a period of prosperity
they go correspondingly high.
Moreover, out of these
extreme, inflated values a brood of weak concerns is
developed.
Usually they have no claim on existence.
Neither in nearness to a market, nor in capital, nor in
prices, if secured,
eral for loans
we cannot see that the possiwould in any degree pre-
the production of iron,
bility of carrying large stocks
might delay for a time) the extreme
For
in periods of depression.
until the decline in price came, production would not
fall off, and until it fell to the consuming point stocks
would accumulate. Hence we are inclined to think that
even if the larger stocks carried might serve to moderate
business capacity are they fitted to survive.
The the extreme high price which now rules at times, there
moment prices recede, it is a struggle for existence with is no sufficient reason for believiag that the opposite
them. They came in on the flood, they go out on the extreme could be avoided.
ebb.
The opponents
of the warrant
if
—that
the extreme fluctuations
past
be prevented under the new system,
claimed for — this fear
not
Very
is, if
will
it
it
would
aid
producers, and
justified.
is
the
" impecunious "
why should
it
not be
it
now experienced
Southern
commended
JANUARY NET EARNINGS.
On
the conditions which giVe them birth
were lacking
declines
plan claim that
the scheme would be beneficial to such concerns.
the contrary,
vent (although
was a foregone conclusion that the January exhibit
would be favorable. With the roads at
as is peace and rates maintained, not only in the Northwest
likely and Southwest, but also on the trunk lines and in the ter-
of the
It
of net earnings
iron
ritory of the Central Traffic Association (in all of
if
sections the situation in this respect was very unsatisfac-
it
which
These Southern furnaces are the most of them tory a year ago); with no such expense for removing snow
and ice as was the case in 1888; with one less Sunday and
that they do not possess as much capital as their North- consequently one working day more in the month in 1889;
ern competitors.
The warrant plan would in a measure with no strike of miners in either the Lehigh or Schuyltend to place them on an equal footing with the rest, kill coal regions, while last year there were strikes in both,
for it would doubtless make it easier for them to realize causing a complete cessation of work
with all these
on their product.
favoring influences and the comparison being with poor
One other change might follow if the plan is success- results, a decided improvement in both gross and net
ful; under it the United States would most likely carry earnings
was inevitable. It only remains, therefore, to
larger stocks than has hitherto been customary.
With measure the extent of the gain, and to see what roadi
an output in 1888 of over 7^ million net tons, and a and sections have supplied it. Here' is our usual sumconsumption considerably in excess of that figure, the mary, covering this time 88 roads.
total of unsold stocks, both at the beginning and' end
JTMiUko/Jamiory.
(SBnMdt.)
of the year, was only a little in excess of .300,000 net
rncmiM or Dtcnat.
tons.
In England, on the other hand, with a production
Amount. |P«rO«He
1888.
of 7,900,000 gross tons, and a consumption only half
laa*.
«
(
•
that amount, the stocks at the beginning of the year
IS^
4.901.963
did?
meritorious enterprises, having no other weakness than
;
S8.CIOT.U4
were
2, 616,300
gross tons
(the largest
ever reached),
Operating expense*
....^
—
83,437,181 Ino.
2e,903,Sa» Inc. 8,»e.076
8-M
7,183,<Mmno 2.saB,8e8 ss-ia
and at the end of the year were estimated at 2,400,000
Mfl0.61O
Net cnrninCT
^oss tons, a considerable amount, however, being outThis shows that the gain in the gross on these roada
side the warrant stores.
But here, also, there is consid- reaches $4,591,963, or IBJ per cent, and the gain in net
.
.
THE CHRONICLE.
386
[Vol,
XLVni.
Last year the decrease shows a loss in gross, and but one a loss in
There are however 31 roads altogether (out
in net was 11,560,311, or about 20 per cent, but net.
which repqft diminished net, the falling off
large
of
of
88)
number
include
a
the statement then did not
In
large except in a very few instances.
parnot
being
more
losses,
heavy
with
companies
and important
referred
course
of
article
have
to
the
a
separate
we
Missouri
the
Atchison,
the
Paul,
the
St.
ticularly
A direct comparison earnings on the roads west of Chicago included in the
Pacific, and the Illinois Central.
$2,365,888, or over 33 per cent.
embracing not only the lines
under
the designation of Northcomprehended above
but also one or two roads
Southwestern,
pronounced
western
and
crease in 1888, we now have an equally
like the Union Pacific and
heads
grouped
under
other
increase.
will
not
be necessary therefore to
Illinois
It
from
Central.
comes
road
gain
by
any
The heaviest amount of
remarks
with reference to this
make
extended
any
increase
reports
an
which
Beading,
the Philadelphia &
One
point,
however,
it is worth while
in
class
of
companies.
of
Company)
$1,401,931
Iron
&
Coal
the
(including
This follows from the bringing out. It will be noted that while both the
gross and of $653,017 in net.
loss of $1,345,504 in gross and $822,448 in net last year Northwestern group and the Southwestern group show a
on account of the strike. The next largest increase is heavy, gain, the latter makes a relatively less favorable
On the Northwestern lines
contributed by the Northern Pacific, which has added exhibit than the former.
$479,791 to its gross and $330,731 to its net. That the gain in net aggregates $533,981, or 81 per cent on
road, however, lost only $32,255 in the net a year ago, the Southwestern lines the gain is only $213,126, or 48
The same distinction is observable in the
-while the gross actually showed a gain then of $132,186, per cent.
individual
roads, and while none of the Norththe
been
case
of
for
January
has
the
gross
years
so that in two
Other roads with large gains western lines included in our statement rejiort lower net,
more than doubled.
in net the present year are the St. Paul with an in the Southwestern group there are three roads (small
increase of 1300,414, Louisville & Nashville $144,- ones, however) with diminished net, two of them oper508 (this road lost only $25,422 a year ago), ated by the Union Pacific system, namely the St. Joseph
Canadian Pacific $128,677 (besides a small gain last & Grand Island and the Denver South Park & Pacific.
The coal roads would appear to have done best of all,
In the
year), and the Missouri Pacific $106,561.
case of the L^^nion Pacific, the earnings of the various their increase being larger both in ratio and in amount
operated companies are now given separately, and the than tliat of any other group. But more than the whole
increase varies according as the total of the whole or a of the increase in net comes from the Philadelphia &
part is taken. In the form in which the figures have Reading, already alluded to. As a rule, the weather has
heretofore been made up the gain in net over last year operated adversely to the coal carriers, and hence we
find the Western New York & Pennsylvania, the Pittsis $172,085, this including the Oregon Short Line,
Utah & Northern, and Denver South Park & Pacific. burg Cleveland & Toledo, the Pittsburg Painesville &
Without these latter lines, the gain is $89,385. In the Fairport and the Summit Branch all reporting lower net.
following table, giving our usual summary of earnings The group of Eastern and Middle roads is the only one
by groups and geographical divisions, the lines in the showing a loss as a whole. The Baltimore & Potomac,
Union Pacific system have been included in the respect- the Camden & Atlantic, the Staten Island and the West
ive groups to which they belong, care being taken not Jersey all contribute to this loss.
In the Middle Western
to duplicate any of the results in the final total.
section the Toledo & Ohio Central, having a large toal
traffic, has suffered a considerable reduction, and so has
Orou ^aminos.
Xtt Earninot.
therefore with the statement of that year is not possiBut this «iuch is plain: after a pronounced deble.
presidents' agreement,
;
January.
Trunk
lines
Middle Western.
.
.
1888.
»
1
t
2,639,713
2,269,842
+269,871
473,857
862,001
441,883
+ 117.991
1,416,811
+460,882
+195,185
+635,292
-17,444
-42,996
1889.
..(9)
10.708,376
10,027,037
(11)
1,858,118
4,S07,C88
1,781,559
991,848
4,2 2,325
1,185,9JZ
3,315,387
S.lb9,633
2,«80,749
655,000
7,0S3,:69
1.877,693
4,273.318
4,037,9?5
l,912,0f8
Northwestern.... ..9)
SuuthweBtern
1889.
., ..(9)
Paclflc systems... C171
Southern roads. .. {!«)
1888.
t
Incor Dec.
the Cleveland
&
group have done
»
+533.981
+213,li!8
Marietta.
well,
All the other roads in that
more particularly the
Illinois
Cen-
Bay City & Alpena, the Flint & Pere
Marquette and the Grand Eapids & Indiana. The ratio of
tral,
the Detroit
increase for this groUp
is
quite large (nearly 25 per cent),
and these roads have benefitted hardly less than the
C!oal companies.. ..(9)
3,S50,atl8
706,396
71,104
Ba«tern & Middle ..(7)
strictly Northwestern and Southwestern lines from the
1,030,876
989.03/
221,669
239,113
Mexican road.
495,1£B
512.042
.a)j
210,314
253,310
agreement to maintain rates. On the Eastern trunk
Total, 83 roads
88.089,124 33.437,161
9,499,510
7,183,622 +2,365,888
lines the gain is more moderate, yet only the Western
Mori.— Included under the bead of'
system of the Baltimore & Ohio, the Cleveland ColumTrunk iinM— Baltimore i. Ohio, Eastern Sjstera, Baltimore t Ohio Western
System, Clef. Col. On. & Ind., Grand Trunk or Canada, Chic. & Grand Trunk
Betrolt Grand lluven & Mil.. N. Y. Lake Brie Jt West., Ohio & Mlsssissipi. and bus Cincinnati & Indianapolis and one of the Western
Pennsylvau a (east of Piitsburg & Erie).
lines of the Grand Trunk of Canada fall behind.
MiOdle n'tsttrn—r^Xro Vln. A Chic, Cin. Ind. St. I.ouis * Chic, Cleveland &
Canton, Clevclu d & .Mxrietta, Ilet. Bay City a. Alpena, Flint & Pere Maro
The Pacific group makes an excellent showing,
Grand Kapids & Indiana, Illinois Central, Mar. Col. & No., Toledo & Ohio Cent'
and Ohio Hirer.
is all the more remarkable because the same
which
Northwtstem.—BuT\. Cedar Rapids & Northern, Cblcano Barlington t OuinpT
C. B. 4 Q.. lines conlrolitd. Chic. Burl. & North., hie. Milwaukee & St Paul
group did quite well a year ago. The Pacific system of
Dul. South Sh., & All., Iowa Central, Keokuk 4 West., and Minn. 4 St. Louis.
t'Southm-'tern-Mchisi^n Top. 4 8. Fe., (entire system treated as one road)
the Southern Pacific, however, and the Oregon NavigaCent. Brancli Uiuon Paciac. Denver 4 Kin Orande Wesiern, Denver
Sou h
Park 4 PaciHc, Kort Worth & Denver ity, Leavenworth Top. 4 ''"'"•""est
Southwest n,
Man. Alma 4 Burl., Missouri Pucinc and St. Jos. & Od. Island.
tion, Oregon Improvement and a few minor lines all
PacWc ifonrts-r^nadiiin Paclflc, Gal. [lar. 4 San Ant., Louisiana Western
In the case of the Southern Pacific the
Montana Uniou, Morgan's La. 4 Tex., N.Y. Texas 4 Mexico,
report losses.
and North Paclflc
Syracuse, Oregon Imp. Co., Oregon Uy.
Nav.
Oregon SI °rt
?/I.t*"i.,^
Ijlne,
Pre.cott* Anzoni Central, SmlbeTn PaciBc.4Pacific Co.,
System, Texas 4 loss results entirely from heavier expenses, gross earnNew Orleans, Unl^n Paclflc proper, Utah 4 Nevada,
Utah 4 Northern.
Soutfcfrn Bfiadj-Cape Fear 4 Yadkin V»llev. rentral of Georgia.
ings having increased $180,000 the loss in net being
Ches
<^'°- N- O. 4 Texas Paclflc, Kentucky'
r.mrl?' Loulsv
^n,?.lVo,'""»*N?°Vi'-''^«"''"""'
rjnlral,
lie 4 Nashville, Louisville New
The same is true also of the Oregon NaviOrleans 4 Texas NashviMo
$100,000.
*h»ttanooga 4 St. Louis, Natchez Jacksin 4 Col.. New Orleans 4
Nokheasle',
"""""""> * l'«tersburg,Vick,burg 4 MerWia'n gation.
The
Northern Pacific and Canadian Pacific
iiid V,cktburg"li;"'4 pLc"''"''''
1,510,836
1,315,701
. .
c
(
'n
—
* R-aailK. p.
R. Coal 4 Iron Co.. Plttsburn
m^2SL''J"l?'S","";.f''J'?Geveland 4 Tol., Pittsburg Palnesville 44 F., Pittsburg
4 Western SmSmH
Uland ana
have greatly enlarged their net, as already stated.
Southern roads do not all present favorable statements, notwithstanding the large cotton movement
that aside from the Mexican section
(comprising simply the Mexican Central) no group
which they enjoyed. However, the Louisville & Nashville has
a handsome increase and the roads in
the Erlanger system are also conspicuous for heavy
Ifnmob, Lykens Valley, Western «. Y.
4 Penn. and Welt Vir!ceSt. 4 PiUs
Valley, Baltimore 4 Potomac, Camden
4
AU^tlc" N %'''''n„7.it}}%^^^
Ontario 4 Western, Northern
Weat Jersw.
Central, Staten
Mexican Road —Mexican Centra).
Here we
see
J
March
.
.
THE CHRONICXR
23, 1889.
387
gains.
The only marked decreases como from the Nor- In the value of the exiwrts of British and Irish produce and
increased manufactures there is a decrease of £888,000, or 2 per cent,
folk & Western (wholly on account of
exi)enses) and the Kentucky Central, though the C^on- compared with February of last year. It is to be rocoUected,
Chesapeake & Ohio, Louisville Now however, that last year there were twenty-nine days In February, and only twenty -eight this year. Ajmrtfrom that, the deOrleans & Texas and Richmond & Petersburg also fall
tnil
of
(leorgia,
is largest in the China trade.
There is a falling off, for
example, of nearly half a million sterling in the value of yams
and textile fabrics exported to China and Hong Kong. Li the
crease
short of their last year's net.
[From our own oorreaDondent.
London, Saturday, March
I
Tlie
money market has been easy
this
week,
9, 1889.
cliiefly
because
exports of cotton alone to China and Hongkong the decreaae
in value is as much as £210,000.
The only other considerable
decrease is in metals and articles manufactured therefrom.
The total decrease under this liead amounts to £289,000, and
the falling off in the exports of copper amounted to as much
Government expenditure. As a rule, as £234,000. In fact, almost the whole decrease in the exports
the receipts of the Exchequer greatly exceed its disbursements is accounted for by these last.
from the beginning of January until the middle of March.
The following is a reiume of the imports and exports by
Consequently the accumulation of Government money in the months:
Imports.
1889.
1888.
Difference.
Biuik of England from the first of February to the middle of
«38,0Br),77t
Jnnuar;'...
£3 1.80 ,988
+ £3,2'.'2,7H6
March is generally so large that the Bank of England gets Februaiy.
32,311,877
+ 2,700,101
control of the outside market. But this year the Government 2
mouths..
*70,337.651
*«4,33.0,764
+ £6,001,887
expenditure has more nearly equalled the receipts than for
Erporta,
188».
18PS.
IHfferenee.
£20,479,341
£18,883.671
+ £l,89.'i,«70
many years past, and quite lately has actually exceeded them. January
- 383,139
February
18,600,284
18,902,423
The receipts of the Exchequer average at present about 2?:{
2 months....
£30,088,62.5
£37,576,091
+ 1,512,531 + 4-02
millions sterling a week, but in the week ended Wednesday
Exports of foreign and colonial produce
night last there was a decrease in the Government deposits at
1889.
1883.
Difference.
Per el,
the Bank of England of nearly £162,000. If this large expendi- .laniiary.
£5,614,.')5S
£?,0fi3.!)25
+ £1,650,633 + 41-65
February.
5,408,311
r),280,'^01
119,(20 + 2-26
+
ture goes on, the supply of loanable capital in the
of the unusually large
.
outside
market will rapidly
will fall.
nightly Stock
1)6
increase,
It is possible
and
rates of interest
and discount
owing
to the fort-
that next week,
over, the probability
or the
week
expenditure
assumed
..
£11,022,869
Tlie liquidation
Exchanse settlement, the demand for loans will of last
But after the settlement most diliicult
s\ich as to raise rates temporarily.
seems to be that rates will fall away.
Indeed, the expectation now is that the Bank of England rate
of discoimt will be reduced to 2^ per cent either next week
is
£9,^53,218
+£1,760,653 +19-12
on the Paris Bourse, which began on Friday
week and ended on Wednesday this week, has been the
2 months..
after.
is
It
is
not
known why
the Government
so lai-ge just at. present; but
it
is
generally
have some connection with the approaching conYour readers will recollect that about 42}4 millions
to
since the war scare at the beginning of 1887. At
the beginning of February the liquidation was a trying one, as
was stated in this correspondence at the time. There were
numerous failures, two or three unfortunates committed suiand several failures were averted only oy the help of
great capitalists interested in supporting the market. When
confidence had somewhat revived, the parties who were helped
cide,
at the beginning of the month were called upon to close their
were not converted last year. accounts. The forced sales resulting caused a fresh and heavy
The Chancellor of the Exchequer has made arrangements fall in copper-mining shares. The fall continued up to Tueswith the principal banks for exchanging the old three per day last, when the shares of the Societe des Metaux, which a
cents against new local loans stock, as explained in tliis corres- few months ago were quoted about 800 francs, fell to 190 for a
pondence last week. And it is understood that the banks are while, and the shares of the Rio Tinto Company, which before
exerting themselves to induce small holders all over the coim- Christmas were about 27J^, fell to IoJbtry to agree to the same exchange. In the City the behef is
On Tuesday a complete crash in Paris was very nearly
that the Chancellor of the Exchequer is paying out money caused by a report that the Managing Director of the Comptoir
much earlier than usual in order to keep the market easy, and d'Escompte had committed suicide. The report was contrathus facilitate the operations which he is either carrying out or dicted, it being given out that the unfortunate gentleman had
preparing.
died of apoplexy. But since then the fact of the suicide has
This week the dividend of the Bank of England is made been verified. He was highly respected in Paris, and had
out, but it has not yet been declared.
According to the presided over the Comptoir d'Escompte for many years.
weekly return issued on Thursday, the "rest" amounted to Whether he was personally involved or was affected solely
£3,778,401, being an increase of about £30,000 over the corres- by the consequences to his bank of the guaranties given to the
ponding week of last year. Twelve months ago the rate of Societe des Metaux Ls not known. The Comptoir d'Escompte
dividend was 5 per cent. And it is not expected that the rate is one of the greatest of the French banks. It has an office
will bo increa-sed now, although the profits are larger because in London, and ti-ansacts a large business in India, China and
a fractional dividend is rarely declared. There will remain Australasia. It is engaged in syndicates of various kinds in
over 3 millions sterling undistributed. The rule of the Bank most Em-opean countries, and until now its credit has stood
of England is to keep the " rest," as it is called— that is, the very high. Its capital is large, and it has been building up
undivided profits— at 3 millions sterUng as a minimum.
ample reserves for many years. It is understood that it has
The sUver market has been dull this week, with declining guaranteed the Societe des Metaux to the extent of from one
prices. The rates of discount of the banks of Bengal and Bom- to two millions sterling, and as the reserves are about £800,000,
bay remain at 13 per cent. But it is said that the Indian the reserves alone would cover about half the guaranties,
money market is easier, for at present all accommodation assuming their amount to be correctly reported, and assuming
neiHied can be obtained at 12 per cent, while a little while ago also that the guaranties result in pure loss. That is not possimost borrowers had to pay more than the official published ble, however, for copper at the worst is worth a considerable
rate. At all events, the Indian banks are not remitting largely.
sum. However, the suicide of the Managing Director naturally
On Wednesday, when the weekly tenders were sent in for caused a panic among the dejiositors. A run upon the bank
India Council bills and telegraphic transfers, only a Utile over began on Wednesday and continued on Tliursday, and the
41 lakhs of rupees were taken, out of 4.5 lakhs offered. The de- price of the shares fell on the last of these days about 150
mand for silver has also fallen off, as the price has been going francs. The Messrs. Rothschild immediately came to the
down all through the week. It is reported that silver has been assistance of the Comptoir d'Escompte, and the notices of
sent in considerable quantities from China to India.
withdrawal wliich might have been insisted upon from the
Tlie Board of Tratle returns for February show an increase depositors were waived, and the money demanded was paid
in the value of the imports of somewhat over 2% millions ster- immediately across the counter.
It is said that about £5
ling, or 9-4 per cent compared with February of last year.
millions of francs were withdrawn on the first day.
Nearly half the increase is in articles of food and di-ink, duty
Confidence, however, wiis not restored, for crowds of deposifree—chiefly wheat, maize, bacon and dead meat. There is tors again on Tliursday rushed to the bank demanding their
also a large increase in the raw materials for manufactures, money.
Ajrun threatened to begin upon the Credit Lyonuais,
and a moderate increase in manufactured articles. For the and the Finance Minister decided that it was time to inter*
two months the increase in the value of imports is 9-3 per cent. vene. On Thursday night a conference between the Minister
version.
sterling of old three per cents
'
:
.
THE CHRONICLE.
388
XLVm.
[Vol.
The Bank rate of discount and open market rates at the
and the Chiefs of the Bank of France was held lastmg for
hours, and it was decided that the Bank of France should chief Continental cities now and for the previous tliree weeks
advance to the Comptoir d'Escompte whatever money was have been as follows
:
Confidential telegrams
necessary to maintain its credit.
received by great capitaUsts in London add that the Minister
is prepared, if necessary, to guarantee the liabilities of the
Comptoir d'Escompte. But it is hoped that that wOl not be
necessary. The support given by the Bank of France will natu-
March
March
8.
Feb 22.
1.
Rates of
Interest at
Bank
Rate.
3
3
Paris
Feb .15.
Open
Bank Open Bank Open
Market Rate. Market Rate. Market
2H
3
2M
Bank
~3
3
Open
Market
Rate.
"
1«
lii
3
in
3
1«
do much to restore confidence. The run upon the Comp- Berlin
3
8
Frankfort
1%
IH
3
3
IM
toir d'Escompte caused copper shares to fall again yesterday Hamburg
3
3
1«
IH
3
3
IH
2
2%
2^
IH
2
a
morning, when the lowest quotation of Rio Tinto shares was Amsterdam
2«
s«
Brussels
3« 3«-3M
sa
SH
reached. But as soon as the action of the Bank of France Madrid
4
4
an
4
sa
4
3M
4
3
4
became known there was a recovery. The fall, however, con4
4
3)i
3H
an
6
6
8t. Petersburg.
5«
SH
e
6
6
5H1
tinued yesterday in Paris in the shares of both the Comptoir
S
3
3
3
3
3
Ck>penbagen
3
s
d'Escompte and the Societe des Metaux. The latter were
Pixley
Abell
write
as
follows
Messrs.
&
on
the
of
state
the
quoted lower than even on Tuesday. In the afternoon in
consequence all departments of the London Stock Exchange bullion market
Gold— Excepting the usual witMrawals ol coin, and the small
gave way, and the gloomiest feeling prevailed.
amounts taken for lodla, there has been no demand tor gold. Bars tmd
The crisis in Paris has convinced the copper-mining com- coin, value £454,000, have heen sold to the Bank, and £290,000 haa'
been withdrawn. Arrivals have been— From Australia, £81,000; Chill,
panies that they have unwisely delayed in making the conces- £5,000; New Zealand. £47,000; West Indies, £51,000; South Africa,
sions that were demanded from them by the great houses that £32,000; Halifax, £19,000; China, £11, OOO-total, £246,000. Silver
—On March 1st, in consequence of slight weakness in the Indian exhave been negotiating here for the formation of a copper trust. change, silver gave way to 4a0jgd., at which it remained until today.
have been transactions for India and the East. The quotation la
The principal American mines are now reported to have made There
now 42iad. Arrivals have been— From Chili, £38,000 West Indies,
the concessions, and it is claimed that aU the mines controlled £22,000; New York, £38,000— total, £98,000. The Nepaul takes
£5,0C0 to Calcutta to-day. Mexican Dollars— Dealings have taken
by English capital have already agreed or will agree. Hence place at liosd. and 415,f,d., and this is now the nearest quotation. There
it is assumed by many that the trust will be formed.
As has have been no large arrivals.
The quotations for bidLion are reported as follows
frequently been explained in this correspondence, the object
of the trust is to reconcile the interests of producera and
GOLD.
SILVER.
consumers. The only question is whether this consummation London Standard. if<ir.7. Feb. 28. London Standard. Jtfar.7. Feb. 28.
has not been too long delayed, and has not come too late to
«.
d.
s.
d.
d.
d.
77 9
Barsllver.
oz. 42«
4^
arrest the disaster to the syndicate which now appears so Bar gold,flne....oi. 77 9
Bar silver, containBar gold, contaln'g
imminent.
20 dwts silver. .oz. 77 10
ing Sgrs. gold.oz. ii%
43
77 10
The crisis in Paris has depressed all our markets. Fortu- 8pan.doubloonB.oz.
Cake silver
oz. 45 13-16 46
rally
3
m
m
;
:
London has not taken much part in the copper speculawas therefore able to buy freely all the securities
offered by Paris. It is said that of Rio Tinto shares alone,
between 30,000 and 40,000 were daily sold by Paris in London,
and were absorbed here by great capitalists. The selling of
American railroad securities was also very large, larger than
in any week since the war scare at the beginning of 1887.
But there was no "market here for the Societe des Metaux
shares, nor for Comptoir d'Escompte shares. The selling from
Paris and the uncertainty respecting the Comptoir d'Escompte
have depressed all markets. For the moment, indeed, speculation may be said to have been stopped, and operatoi-s
are
waiting upon events. There is utter stagnation in the American market. Not one-twentieth the business is being
done
which there was twelve months ago. But if the alarm at Pai-is
nately
tion.
It
subsides and the present anxiety
revive, and doubtless business
dissipated, confidence will
is
in
Mexican
3 Am.donbloons.oz.
The following shows the imports of
dolfl
—
41 7-16
oz.
c«real products into the
United Kingdom during the past twenty-seven weeks of the
season compared with previous seasons :
IMPORTS.
1888-9.
Wheat
OWt. 32,951,097
Barley
Oats
Peas
11,667,581
8,846,318
1,142,893
1,592,422
13,761,487
7,975.679
1887-8.
25,187,454
10.759,999
1886-7.
1985-6.
26,732,170 25,808.601
7,173,984
11,045,199
9,02:^,805
5,364,351
7,809,259
l.fl30.066
1,048,283
1,322,381
1,405,257
1,416,719
1.754,396
Beans
11,699,523 13,758,388 14,034,557
Indian corn
9,947,861
7,233.749
Flour
8,792,475
Supplies available for consumption (exclusive of stocks on
September
1):
1887-8.
1888-9.
8,792,475
18,906,958
1885-6.
25,808.601
7.233.749
24,060,117
54,431,603
57,102,467
1886-7.
Importsofwheatcwt. 32,951,097 25,167,454 26,732,170
Imports of flour
7,975,679
Bales of home-giown. 19,702,066
2.i,9a6.727
60,628,842
58,102,032
Total
9,947,861
18S8-9.
Aver, price wheat
Aver, price wheat
1887-8.
1886-7.
1885-6.
293. Od.
stock markets wUl
308. 5d.
season. 29s. 7d.
become active.
The following shows the quantities of wheat, flour and
The wheat market continues quiet, imports being very
large.
From the Board of Trade returns it appeare that during maize afloat to the United Kingdom:
This week.
1887.
L(ist week.
1888.
February they exceeded by about half a milUon of cwts.
qrs. 1,929.000
1,948,500
1,539,500
1,885,500
those Wheat
228.000
266,500
210,000
242,000
Flour, equal to qrs.
of the corresponding month of last year, the chief
increase Maize
331,000
398.500
360.000
302.000
ars.
being in the imports from India.
English Financial Markets— Per Cable.
Tlie rates for money have been as follows
daily closing quotations for securities, &c., at London
The
Interest
Open market rata.
allowed
are reported by cable as follows for the week ending March 38.
for deposits by
S
Bank Bull.
Trade BlUs.
the
week. 31s.
8d.
30s.
268.
2d.
Id.
328.
32a.
9d.
7d.
:
London
Joint
Dlsc't H'se
Four
Six
Three
Four
Six
Stock At 7 to 14
Months Months Months Months Months Months Banks. Call.
Daiis.
Xjondon.
Bat.
d.
per oz
Con80l8,new 2%perot8.
for account
do
42 13
Hon.
r»e».
Wed.
Thura.
Three
Feb.
"
"
"
1
2
62yi 2'Aa
Hcta.
- 2Ma - 2;4;S)SH 2ii98}4
2H9 -
8
15
22
2H<A -\2HiaS}4
2«9-2J(a-3
2MS -
1
23»<a
"
23i)®
-]25^
2«a3H 2503«
83>^iS
_
_
-]25«33!^;3J<*3>^2Ji«3)^
- 3 &SH'3 ®3H's ®35^
1J«
i^i«-i«
1«
1«
2M-2>i
ZH-2M
lii
8
2«a
2^m — >i'/»'iSH'2%'3)Sii'2%-aSii IM
2M-2!4
The foUowmg return shows the position of the Bank
of
i!<ngland, the Bank rate of discount, the price
of consols &r
compared
with the
last
three years
'
:
£
OInnlatlon
Pnbllo depoalU
Other deposits
OOTemment
23.301,065
!.'..','.'.!
','.'.,',\.
seonrltles
Other seoarltles
Reserve of notes and coin
Coin and bnlllon
Prop, assets to
Bank
liabilities
e
'.'.'.",".
'.'.'.'.'.'.'.'.
1887.
£
£
23,181,210
12,836,031
23,438,050
22,462,369
22,880,803
14,!36,141
14,499,861
23,839,120
18,571,674
20,090,326
14.817,0)6
16,038,363
23,029,573
22,008,071
p.
rate
Consols
Olearinc-Honse return
10,487,154
23,950,885
1888.
42«
3 P.O.
9,570,146
20,870,993
15,930,025
23,618,075
3M
p.
Fr'ch rentes (in Paris)
a. S. 4138 of 1891
4sof 1907
Canadian PacUlo
D. B.
&
fr.
4258
4258
42<>g
429,8
429ie
9738
9716,6 97%
97618
977,6
973i6
971-!
9738
97^8
979,6
981,9
971a
8405 84-95 85-10 85.00 84-95 85-20
110
131
49
Paul.... 62J4
27^8
Erie common stock
112
nUnois Central
Pennsylvania
55^8
Philadelphia & Beading. 2218
IIOI4
New York Central
Ohio. Mil.
St.
110
131
49»8
63 H
2838
1123*
5513
2-ZH
110
110
131
49 14
63 H
110
110
110
13118
13118
48 '8
49 18
6338
2738
28 14
6319
2818
13116
5014
6li6
28=8
111%
llisit
111%
111%
5538
221a
55%
5538
110
55^8
-2258
22%
23 14
IIOI4
llOis
IIOI3
1886.
48%
2«P.C.
'
Silver,
a
100?^
101 15-16
101 1-18
180,195,000 133,3S»,000 102,658,000
National Banks.—The following National Banks have
recently been organized:
3,989.— The City National Bank of Sulphur SprinirP, Texas. Capital,
f 100,000. J, J. Dabbs. President Jno. I. Hargrove, Cashier.
3,990.— The National Bank of Coatesville, Pa. CapluU, *100,000.
Samuel Greenwood, President: M. W. Pownall, Cashier.
3,991.— The People's NationalBank of Paola, Kansas. Capital, $50,000.
C. W. Ciiandler. President; C. P. Hanson, Cashier.
3,992.—The American National Bank of Arkansas City. Kansas. Capital. .$100,000.
Fred H. Thwinp, President; Harry Lamson,
;
Cashier.
8,993.—The City National Bank of Birmingham, Ala. Capital, ^100,000. Joseph Hardle, Prealdent; Mark B. Lewis, Cashier.
.
Marcii
THE CHRONICLR
23, 1889.J
—
lMI>ORTS AND EXPORTS FOR THE Wekk. The imporU of last
wei<k, coiiipiuvd with those of tlie preceding week, sliow a
both dry Roods and general merchandiKe.
decreiise
iu
The total imijorts wore $9,!)--'r>,l!)0 against $11,761,01.5 the
The
preoe<ling week ami .$U),711,(>7;i two weeks previous.
exporU for the week endetl March 19 amounted to §.j,49().70."i,
aKainst S7,(>98,595 la-st week luid $(1,754,657 two weeks nrcviouH.
The following are tlie imports at New York for tne week
ending (^ov dry goods) March 14 and for the week ending
(for general merchandi.se) March 15; also totals since the beginning of the lirst week in January.
FOKKION IMl'ORTS AT NBW YORK.
War Week.
Dry Goods
1
$2,720,344;
6,644,174|
$2,460,138
6,080,892
$2,927,007
6,269,323
Qen'l mer'dlBe..
1888.
1887.
1886.
1880.
$2,860,187
7,065,249
$9,190,390
$3,541,080
$3,370,518
$9,925,436
$33,058,664
00,289,120
$35,567,236
71,673,746
$36,644,091
Qen'l mor'dise..
$30,405,009
63,792,040
Total 11 yieekf.
$94,197,049
$99,347,793 $107,240,982 $111,542,646
Total
Smee Jan.
Dry Goods
I.
74,898„'i55
The following is a statement of the exports (exclusive of
specie) from tlie port of New York to foreign ports for the
week ending March 19 and from January 1 to date:
EXPORTS rnOM NEW YORK FOR TUB WEEK.
1886.
1888.
1887.
1889.
For the week....
Prev. reported..
$6,113,632
56,115,707
.«6,5.53,397
59.001,312
$4,686,306
59,520,747
$5,490,705
69,067,834
Total 11 weekt.
$62,229,338
$65,554,709
$64,207,053
$74,564,539
The following
table sliows the exports and imports of specie
at the port of New York for the week ending March 16 and
since January 1, 1889, and for the corresponding periods in
1888 and 1887:
EXPORTS ANU IMPORTS OF SPECIE AT NEW YORK.
Gold.
Week.
Great Britain
France
.. ..........
\Si7ieeJan.l.
Week.
$1,374,800
$2,697,190
20,050
262,606
7.000
150,000
2,000
463.773
10,000
1,296.530
53,100
"7,6'9'4
$1,735,800
409,660
121,806
$4,541,549
3,154.579
3,222,371
$203,142
454.433
306,008
$
775,261
80.643
14 848
38,862
74,289
193',e'36
West Indies
Mexico....... ........
South America
All other countries. .
Total 1889
Total 1888
Total 1887
2,152
260
Exports.
$1,736,463
2,126,205
3,636,760
Imports.
Silver.
Week.
Great Britain
....
France
$352,330
13,000
... ...
MnceJan.l.
$3,431,511
65,400
West Indies
'15,968
Week.
$
All other countries...
Total 1889
Total 1888
Total 1887
""560
"'i'gb'o
'io,722
10,200
84,388
'so'soo
$377,430 $3,607,989
132,300
2,801.928
40,970
1.849.140
$50,800
88.815
42,921
Maine State Three Per Cent Bonds
SineeJan.l
$
Mexico.... ..........
South America
61.240
29 144
5,619
263,947
$361,956
540,05;)
409.660
—The advertisements
for the proposals for the State bonds have been issued, the bids
to be opened on Marcli 37, and the bonds to be delivered May
The State has ,?1, 676,500 sixes falling due June 1. To take
1.
these up it will iasue threes. Tlie amoimt needed October 1 to
meet the October sixes will be in the neighborhood of $800,000.
It is impossible now, however, to determine just the amount of
these bonds which it will be necessary to issue, but the State
advertises for nearly $900,000.
Under the law passed by this
Legislature, which was repealed, the Treasurer received about
twenty proposals, which were returned unopened.
—
Pennsylvania Railroad. A Philadelphia dispatch says that
the report that the Pennsylvania Railroad Company were to
make extensive additions to their rolling stock, beginning at
once, has been confirmed by an officer of the company. The
management will expend upward of $3,000,000 during the
year for new equipment, etc. Two years ago 12,000 freight
cars were added to the equipment, tlirough the medium of
car trast certificates for about $5,000,000, and last year 5,000
more freight cars were put on tlu'ough the car trust arrangement, and other cars were purchased outright, at a cost of
$1,500,000 more.
Even with these heavy outlays, the car supply Ls inade<juate to meet the demand of the shippers. It has
not yet been decided how
$2,000,000 will be spent.
St.
some
it is
Louis Alton
many
cars will be built, but at least
& Torre Hante
to
accumulate from year to year, or be a charge upon
Tlie net eaminsB of any one
the inc'ome of siil)sequent years.
J
year out of wliich aald interest is to be paid t^aUbe such surplus of receipts as sIuiU be available for the purpose aft<T prr>viding for all prior legal obligations and for dividends during the
same year upon the preferred stock of the comiwiny, and arrears
thereon hereafter accruing, and all other liabilities incurred in
the administration of the affairs of the company as they may be
determined by the Board of Directors of the company. This
bond is one of a series of like tenor and date of $1,000 each,
amoimting together to $1,3.57,000. and numbered from one to
1,857, wliich have been issued in payment of all claims for
arrears of dividends on the preferred stock of the company up
The company shall have the option of paying
to Jan. 1, 1881.
the principal of said bonds, or such of them as may be drawn
by lot in accordance with regulations to be established by the
board of directors at any time, on giving three months' prior
notice by atlvertisement in at least two of the daily papers in
the city of New York. And the company agrees to set apart
for the paying of such principal, the net amount of all monies
not subject to any prior legal claim that may he received in the
suit now pending against the lessees of the road and their
guarantors, or upon the claims therein litigated. And after
the first day of January, 1894, the company agrees to appropriate to such principal its entire net earnings after the payment of the interest on its bonded debts and the dividends
accruing on the preferred stock.
In witness whereof the St. L. A. & T. H. RR. Co. has caused
this bond to be subscribed by its President and Assistant Secretary, and its corporate seal affixed thereto, this first day of January, 1881.
—
Wabash. At Chicago, March 21, Judges Oresham and
Jackson sat to hear the arguments in the Wabash suit. The
case is brought to a final hearing on the application of the
Purchasing Committee, Messrs. J. F. Joy, T. H. Hubbard, O. D,
Ashley and E. T. Wells, to perfect the sale of the Chicago
and to sell, reorganize and consolidate the remaimng
composing the lines between Toledo and Hannibal
and Decatur and St. Louis. The case turns mainly on the
SineeJan.l, questions raised
h^ those who are against a sale on the grounds
mat the interests involved ai-e so commingled and united as to
$
746,565 make it an impossibility to sell out and do each portion of the
Import!.
Sxportt.
and not
389
Dividend Bonds.— There is
and a copy of
interest in the precise t«rnis of this bond,
division,
divisions
road justice in the matter of a division of rolling stock, equipments, etc.
Gov. Chamberlain, representing the Popper-Johnson committee of bondholders, spoke at some length. Judge Gresham
then suggested that the various counsel agree to terms of settlement for a decree. Grov. Chambei-lain replied that he was
willing to confer and make overtures for an agreement on the
matter of the funded debt and extension of 1865. General
Hubbard and Henry Cra^vford, of the Purchasing Committee,
Mr. Turner, representing the Farmers' Loan & Trust Company,
and Colonel Blodget of St. Louis, connected with the Waoash,
agreed to confer, if they could do so amicably.
The arrangement was satisfactory. So United States Marshal Marsh took possession of the court-room, and the counsel
got down to work.
The following dispatch from Chicago, March 22, gives the
latest: "The Wabash contestants hive agreed on a settlement.
The master's decree ordering a sale of the twelve different
Wabash mortgages (about $29,000,000) will be entered. The
sale will bo made first in divisions and finally as an entirety.
Whichever nets the most will be adhered to."
Western New York & Pennsylvania. Notice is given that
in accordance with a resolution of the board of directors of
the Western New York & Pennsylvania Railroad, adopted at
a meeting held February 21, the interest on the second mortgage bonds due April 1 will be paid in scrip at the rate of five
par cent per annum.
—
Auction Sales.
Messrs. Adrian H.
—The
MuUer
following were sold at auction by
&
Son
:
Sha'-es.
ahare9.
15 Chem.Nat'lB'li..4,00O-4,105
13 People's Fire Ins. Co.... 81
100 Pacitic Fire Ins. Co. 104Js-5>a
10 JulienElect'oTract'nCo. 28
tiontts.
$1,000 W. Chic. 78,Park, '90.102>9
240 Nat'l Broadway B'k. 300-302
$100 N.J. i: N.Y. RB. 2d M. 78
25J4
ijil.OOO St. lyouls 68, Water.
50 N.J.&N.Y. KR.Co.,prel.
102&lnt.
2 Mexican Tel. Co
1B90
208
1 Cent'l A tHo. Am. Tel. Co. 140
$1,000 Jer8"yC"y78,'90.103i8&lnt.
45 Longli'Iand Loan & Trust
$1,000 Chicago 78, Sewer
Loan, ]894....115^<&lnt.
$1,000 Chicago 78. Biver Improvem't, 'H5..117%&lnt.
$5,000 OrcPac.RR.Co.,lstM. 66
Co. of BrooUlyn.163'8-163'3
15 Knickerbocker Ice Co. .. 99
112ia
8 City Fire Ins. Co
125
5 Kast Side Bank
Sattliittg
aua
Ifiuaitcial.
WE OFFER SUBJECT TO SALE A LIMITED AMOUNT OP
herewith printed:
The
&
St. Louis ^Vlton
Terre Haute Railroad Company
indebtetl unto bearer in the sum of one thousand dollars
lawful money of the United States of America, jjayable on or
after the firet day of January, 1894, as hereinafter provided, in
the city of New York, together with such interest thereon, not
e.xceedlng six per cent per annum, as shall have been earned
within each calendar year, begiiming with the year 1881,
payable annually in said city on the firat day of June in the
following year, such interest, however, to become due and to
is
be payable only out of the net earnings of said company in
any calendar year ending on the first of January precedmg,
C^iTincy,
111.,
4.
1-2
JPei*
SO-Year Oonds.
ORISTVOL.D
3
Ac
GIL.L,ETT,
WALL STREET,
N. Y.
cent
:
.
THE CHRONICLE.
390
To-day the rates on actual business were as follows, viz.:
Bankers' 60 days' sterhng, 4 85?^® 4 86; demand, 4 88?^@4 89.
Cables, 4 898^(d4 89i^. Commercial bills were 4 843|(S4 85.
Continental bills were: Francs, 5 20(95 19% and 5 17}4(a5 16%.
reichsmarks, 95i^@95i^ and 95}i@95}4; gidlders, 40i.i@40V
/«^
SIxe gauliers' (ia^^tte.
DIVIDBNDSi
The following dividends have
Ifante of
recently heeu announced
WKen
Company.
Books Oloied,
(Days inclusive.)
Payable.
Railroad.
March 30
Southwest Pennsylvania
Bank.
Chatham National
(quar.)
Itliscellaiieous.
Brooklyn Trust
to Apr.
April
3
April
1 March 22 to Aiir. 1
April
1 March 26 to Apr. 1
April 15 March 31 to Apr. 15
1
1
j
1
J
>
2
WALI> STREET. FRIDAY, March Sa, 1S89.-5 P. M.
The Money Market antl Financial Situation. The week
The recent deends with a decidedly improved tone.
pression apparently reached its lowest point on Monday,
—
when
Atchison touched 45J4', Missouri Pacific 66, St. Paul
These prices seemed to be low enough
43?^.
to induce shorts to cover and others to buy for an upward turn
or to hold for investment, and the market has been improving
•61
and Reading
«ver since.
The French Copper Syndicate embarrassment touched the
markets of Paris, London and Boston more than our own, and
it is commonly remarked that the great declines of the past
year in stock values have fallen with peculiar severity upon the
cities of Paris and Boston.
The heavy shrinkage in Atcliison.
Burlington & Quincy and the Copper stocks has been a severe
burden to'.New England, while Paris has had to bear the collapse of the Panama Canal and after that the great Copper
Syndicate
fiasco.
The past few days there has been more interest evinced again
in the railroad bond market, and a few issues have shown
special activity. This is usually a good sign, as an indication
of outside trading, and if we pass the 1st of April period
without monetary stringency or any new defaults on railroad
bonds, it would not be remarkable to see quite an active movement again in bonds. The low-priced sixes have jumped up
this year, and it is difficult now to find any of them much
below par, whereas in December last there were a number of
issues well down in the nineties, among which occur to us
just now the sixes of Tennessee Coal
Iron, St. Louis Arkansas
Texas, Louisville N. A.
Chicago consols. Fort Worth
&
&
Louis & Kansas City.
&
/4
and40%@40i^.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling i^@J4 premium; Charleston, buying 1-16 premium; selling J^ premium; New Orleans, commercial,
50c. premium; bank, $1 premium; St. Louis, 25(a50c. premium; Chicago, 60c. discount.
I
(iiiai.)
J/iKht (qiiar.)
Conso! Electric
Bqultabie Gas IJsht (guar.)
.
March 23
3
!
[Vol. XLVIII.
&
Denver and Toledo St.
There may not
be a chance for any similar rise in so short a time hereafter,
but the inclination to take these and otlier bonds at rising
prices was a notable feature of the dealings in January and
February.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 3 per cent,
and to-day the rates were 2@ 2)^ per cent. Prime conimer•cialpaper is quoted at Ay^@5 per cent.
The Bank of England weetly statement on Thursday showed
a gain in specie of £193,000, and the percentage of reserve to
liabilities was 43-33, against 42-09 last week; the discount rate
remains unchanged at 3 per cent.
The Bank of France
gained 1,025,000 francs gold and 4,425,000 francs silver.
The New York Clearing House banks in their statement of
March 16 showed a decrease in surplus reserve of S477,42y, the
total s urplus being §8,070,875, against |8,548,300 the previous
•week.
The following table shows the changes from the pre-vious
and a comparison with the two preceding years in the
averages of the New York Clearing House banks
Coins.
— The following are quotations in gold for various coins,
$4 80
3 87
4 74
25 Pesetas
4 84
Span'h Doubloons. 15 60
Mex. Doubloons. .15 55
Fine gold bars....
par
8overei(fU8
Napoleons
X XReichmarks..
— B3^m —
—93 a> —
— 72'sa —
— 72 ®
©
English silver
4 82 © 4
U. 8. trade dollars — 70 ®
ai$4 90
Fine silver bars..
Fivefranos
®
•a
®
3 90
4 80
4 90
®15 75
a>15 70
®J4prem.
1889.
Huron
Capital
.Surplus
Loans and
disc'ts.
.Specie
'Olrculation
Net deposits
Legal temlcrs
Legal reserve
Reserve held.
•
ZKfTr'ne't
16.
fr'm
Prev. Week.
1888.
March
1887.
March
11
19.
60,762,700
53,142,100
'420,406,000 Inc .3,335,700 369,«9.-i,400 36sV8ii'5o6
83,417,.500 luc . 441,400l 72,798.7001 82:«rt2 600
4,283,200 Doc.
7.622,700
7,6.5s km)
70,9()0i
442,681,900 luc .3.914,100 .377,657,000 3S2,144'(1(>0
35,324,600 Inc
59,700 31,627,800i 20,018,000
.
110,671.225'lnc.
118,742,100 Inc.
Bnrplng rcaerve-.l
8,07 0,875 Dee.
978,525 94.414,250 95,.536.150
501,100 104,420,500 102,87i;600
4 77,4251 10,01 2,2501
7 ,335,350
88
.
—
United States Bonds. In Government bonds there has not
been a transaction at the Stock Exchange, and the bids are
a fraction lower. The Treasury Department continues to buy
all
the 4i^s offered at 108, and the purcliases this
week have
been moderate, amounting to §676,550.
The total payments made for bonds purchased from April 23,
1888, to March 16, 1889, were $145,945,900.
The statement for
this
week
is
as follows:
4H Per CenU due
Offtrings.
Saturday
.
il57.0C0[
.
Monday
Wedn'sday.
65.000
144,000
123.100
Thursday...
Friday
160.060
107,400
Total. . ..
SinoeAp.23.
77d,550
Tuesday....
The closing
4 Per
1891.
[Purch'M. Price* paid.
»157,000
65,000
114,000
123,100
80,050
107,400
676,550
74,245,200
»2.oo6,coo
108
a,io:,50o
1907.
Prices paid.
t
1,000
...
....
-
500
100,000
108H-109H
prices at the N. Y.
Cmt» due
Ogeringg. Purch'e*.
108
108
103
103
108
103
81,S37,»00
124-70-130
Board have been as follows
:
March Mnrch\Mfirch' March March March
IS.
16.
19.
*
This
is
20.
I
I
4ias, 1891.
412S, 1891.
4s, 1907...
4s, 1907
6s, cur'cy,'95.
6s, cur'cy,'96. ..reg. !j.
68, ciir'cy,'97 ...reg. J.
68, cur'cy,'98 ...reg.lj.
6s, cur'cy,'99 ...reg. J.
I
21.
22.
1077e no7T8 10779 •10779 -10779 *107T»
'10778 *107-'9 107'81*10779*10779*10778
*128'2 n28'« I28I3 »128i3*128i2*128'4
'I29I2 '12912 I2913!*129'2*129i3*129'*
120 •120
120 •120 1*120 1*120
>123
•123
123 *123 *123 *123
•126
*120
126 *126 1*126 *126
(
'
'
'
'
a
A
A
&
J.
J,
3
J
'129
'I28I3'*128i2 *128i3 *129
•129
13112 13113 131 ,*131 )*131 1*13112
the price bid at the morning board
;
no
sale
was made.
—
State and Railroad Bonds. Tliere has been a moderate
amount of business in State bonds tliis week, but there has
been no feature or special activity.
Railroad bonds have shown a fair business with a tone
rather iiTegular. They have fluctuated more in sympathy
with stocks than formerly, and were therefore imsettled
the
early dealings and somewhat inclined to lower prices. Tliere
was no special weakness except in Texas & Pacific Ists and
incomes, and these recovered later. There was a change for
the better in the general tone of the bond market on Thursday,
and the tendency has since been upward. The Chicago Gas
m
Denver Western Ists, Reading bonds and M. K. & T.
and 6s were all somewhat prominent in the improvement.
Ists,
5s
•week
:
94
96
74
Mexican dollars..
Do uncommerc'l
Peruvian sols
—
Railroad and Miscellnneons Stoclcs. The stock market was
unsettled and at times quite active and weak on free
Tlie weakness
sales during the first four days of our week.
commenced on Saturday, the 16th, but the sharpest decline was
on Monday, when the sales were large and the bearish sentiment was quite notable. The principal cause for this break
was the collapse of the French Copper Syndicate, causing a
very unsettled feeling abroad. Boston was particularly affected
by this, and sold stocks here quite freely, as did also the ChiThe Western
cago operators, who are generally bearish.
stocks led in the decline, and they were also the most active,
Atchison, Rock Island and C. B. & Q. being particularly weak
and very freely sold, followed by Missouri Pacific, Lake Sliore
and New England. The short interest was largely increased
during this slump, and this fact became apparent a little later,
when a recovery set in, and under purchases to cover a consid-
much
Exchange.—There has been no feature to the sterhng exchan ge market except its continued dulness, business having erable rally took place.
been very restricted during the past week. There waa some
There has been little news beyond the developments in condemand for cable transfers, owing to the imsettled condition nection with the copper speculation. The Burlington & Quincy
of th3 foreign financial markets, and this condition also led to
predictions of gold shipments; but there were none until
to-day, when $1,000,000 was engaged.The market has remained
firm a nd rates are unchanged from a week ago, with the
posted figures at 4 86)^ and 4 89i^.
The rates of leading bankers are as follows:
March
Prime b anicers' sterling
Prime
co nimercial
_
,
Uocumen
22.
bills
tary commercial
Sixty Days.
on London.
4
14
Demand.
4 86I2
85
4 8913
84%®4
84ia44 84%
|rti^dtrUde«r.:::::v.v.-.:::::::;lVo".,eSio\'^n^^^
Frankfort orliremen (relchmarks)
gSilaOSH
gs^aQsa^''
I
I
showing a hea-vy decrease
in gross and net earnings,
of the serious decline in the income of
Western railroads in 1888. Although the London market was
affected by the incidents in connectiqn with the copper flurry,
it speedily recovered from this and lent some assistance to our
market in its recovery.
report,
was one more evidence
The whole tone improved on Thursday, Chicago Gas Trust
stock leading in acti'rity and advancing to 48%, other active
and strong stocks being Reading, Lackawanna, the leading
Western stocks and Chesapeake & Ohio new certificates.
To-day. Friday, the market was generally steady, holding its
improvement well until the last hour, when Burlington became weak under free sales and inf.uenced slightly the rest
of the list.
J
J
Marcu
18!-
28,
.
U
. ..
.
THE CHRONIOLE.
9.
STOCKS-PRICES AT
391
STOCK EXCHANGE FOR WEEK ENDIN8 fflABCH
N. Y.
AND SINCE
aa,
HIOnEST AND LOWEST PRICES.
Sales
I
I
STOCKS.
Saturday,
Maroh
AfliVK KK. Slocko.
Ati'blaoii Top. it Suuta Fo
.
Allantlc .V I'luillo
t'uniuliivu rmitln
I'aiuidii Konl hcin
Coiitrnl of Now Jersey
t'l-iUiul racillf
Cliebttjieakc (kO.— Vot.Tr.oort.
do l»t ytrct..
Do
Do
do
L'd (irof .
Do
itrof
Do
71a
481*
34
IStl
45>4
7
O.'i^
eo-B
07=8
.
I'aiil.
& Northwestern
March
45>4
49<e
eia
7>4
61^
34
34
34
16
leu
341a
16>4
69>4
34
16
413e
4158
61
98
62
95%
96
62
98>2,
Do
prof.j
& Gn
Do
Do
'
08»8:
2d
prof.
Evansvillc& Torre Haute....
timniia.v Wiiidua&St. Paul.
A:
OM
j
9Vi'
22
98
7
|
94
94
58% 59%
58%
5958
42
42
42
42
9414
95I4'
94% 95 14
84% 84%
95
& Nashville
New Alb. & Chicago
I
I.ouisvillc
...
Mauliattan Elevated, cousol..
Mirhijian Central
Milwaukee Lake Sh. & West.
Do
80
79
106
•514
Louis
*13
pref.
53%
09% 100%
79
79
106% 108 108
6% *o% 6%
14
•12
13%;
12% 12% •12% 13
& Texas
Mis,s(uui raeltlc
&
95
84% 84%!
pref.
St.
Missouri Kansas
Mobile
7
17
1714!
53% 54
99% lOOSsI
prof
Do
98
17
53
•1658
Do
&
94
108% 108% 108% 100
Western
I,onK Island
Minneapolis
43 14
0% 914
70
21% 21%'
*6i4
Lake Shore & Jlich. Southern.
Louis.
43
*65
70
*0
llliwoiaCtnlnil
Lake Erie
15% 15%
42% 43
*66
*21
*93
Istpref.
Ohio
6858
6958
66
6958
9=8
9=8
•10
10%l
*60
'39
Istpref.
2d
pref.
I
71
42
New York Lake Eric & West'n! 27%
Do
l)ref
New York & New England.
43%
New Y'ork Ontario & West
15=8
New Y'ork Susquchau. & West. *7%
Do
31
prof.
*15
Norfolk & Western
Do
pref
48%
.
Northern Pacific
25%
Do
pref
58%
Ohio & Mississippi
20%
. . .
!
'
I
I
52
Orej;on l^hort Line
Oro;.'on A: Tran.s-Contlnental..!
I
Decatur
I'roria
A:
4314
Trust. Cert.
liicljiuondA:Wc.itl"t Terminal
Do
pref.
St.
Paul
Do
"21
56% 57%
pref.
& Duluth
pref
'
Paul Minnap. i Manitoba.!
Texas <fc Paciflc
Union Paciflc
Wabash St. Louis & Paciflc...
'
^
Do
pref.
I
Lake Erie, pref..
ITIiN<-ellaiie4»iiM Stocks.
Chicaf-'o Gas Trust
At
15
15
48 14 49%
25
25
58%
5914
20
21
50% 52%
31% 32%
22% 23
4358 44%
104
•35
90
98I4
'
18% 19
62% 63%
13% 13%
25
25
6314
6358
2458
78% 79
97% 98
24% 24%
55
57%
104
37
87% 88
97
08%
17% 19
62% 63%
12% 13%
25
25%
6314 63%
43%
S..^^,
3,085i
.-50%
02%
500 3 1
2.1,644
7,025
2,267
86,034
Mar.
Mar.
Mar.
Jan.
Mar.
Mar.
Mar.
15%
56% Fob.
20% Feb.
18 58
18
8%
16 53%
24 56%
16.100
I61
2
36%
17%
Jan.
2
.Ian.
14
Feb. 7
Fob. 14
Jan. 4,
Jan. 16Feb. 14.
Mar. 7
2<l
61
271
34% Mar. 8
1»
0313 Mar. 22 11 1 % Jan.
41
41
411,
I01.J 401a
41
1,620, 40% Mar. 20 4D'4 Feb.
41^8 42
•051.1 96
•0514 96%
06
96
750 04% Jan.
96
97
100 Feb.
<!ll2 62 14
61% 6218 61% 62'i 62 '4 62% 87,208 60% Mar. 16 6638 Feb.
OHM 90
00
99 14 98% 100
00% 100i« 7,3.-)8 07 Feb. 2.") 100 .Tau,
103'4 104'Vi 103% 10458 103% 105
104 105% 100,130 103% Mar. 18 100% Jan!
136% 136% •!;)(;% 137% '136% 137ii!*136% 137%
7.50 136% Mar. 10 142
Jan.
89% 91% 00% 91% 90% 91^1 90% 92
62,522; 80%Mar. 19 1(H)%.Tau.
16% I7J4 17
•16% 17% "16
17
410 14 Jan. 15; Jo% Feb.
18
37i-> 37% '36
35
35
•36
312 33 Jan. 21 42% Feb.
38
38
*30
30% 31
3114 31% 31% 31%
2,410> 30% Mar. 18' 34% Jan.
31
OO'Ss 90=8
90% 00% 91
91
2,650, 80
91%
92%
Feb. 13 96% Feb.
107%108i4 108 109
108% 109 108% 100
7,018 9168 Jan.
110>4Feb.
68% 69^8 60% 71
70'4 711,
5,805 55%.Tan. 4 74% Fob.
71
71
*23
24
24
25
24% 25
1,215 i3% .Mar. 16! 28I4. Feb.
24% 25
137% 138% 13814 139%' 138% ISOSs! 139 13058 66,650 I37I4 .Mar. 1 6 1 14.% Jan.
15% 15% •15% 16
1558 15%
1558 15%
],700| 15% Mar. 181 17% Jan.
•42
42% 42% 43% 42% 42% 425s 42%' 2,650 42i4Jau. 31! 15" Jan.
"
0% OVj
9
8i4.Tan. 23
9%
5,230
9% 914 •9
0%Mar.
9%
•66
•66
65
65
•66
69
70
100, 63
69
Jan. 28 70% Feb.
20% 20% •20% 21% •21
22
275 20% .Mar. 19, 23% Feb.
21
21
•94
•95
98
•05
98
86 Jan. 30, 97 Mar.
98
6
(i34
6%
6%
6% fc%
790
7
7
4% Jan.
7% Feb.
108% 10858 109 109 108% 108% IO9I4 109% 2,577 106 Feb. 13 116% Jan.
16% 16% 16% 17
17»«
17
I7I4 I714
1,320' 16
Jan. 26j 19 Feb.
53% 54% 54 14 55
54% 55% 55% 56% 8,870 51% Jan. 4 .58% Feb.
99% 100=8 100% 101
100% 10158 101% 101% 44,560l 09% .Mar. 18 106 Jan.
•93
•93
96
03
96
96
310 00% Jan. 141 96% Mar.
96
96
5058 60%
08% 60
60
6058 60% 61% 32,666! 56i4Jan. 4 62% Mar.
40
40
43
43
42% 42% •tl
700 3714 .Tan. 7t 49% Mar.
45
95
9714 99
98
97'4 99% 'i8
99% 8,255 90 Jan. 3 100% Mar.
8514 8514' 86
86%
500 84%Mar. 16j 91% Feb.
•77
80% 75
79% 79%_ •7l>,
400 51% Jan. 7; 80 Mar.
80
81
106 106 •106 108
106 10814*106 108 14
510 91% Jan. 7,108% Mar.
•5
6%
6%' •»%
>%
6%
6%
5% Jan. 7| 7 Feb.
•12
*12
15
14
*11% -14
11% Jan. 18 14% Mar.
12% 12% 12% 12% 13
13
12% 13
920 12% Feb. 12 14 Jan.
67 14 6858 67% 68% t67% 68% 64,573 66 Mar. 18 75% Jan.
66% 68'8% 11% •9
10
10
11%
350
8
Jan. 11! 12 Feb.
0% 11%
91 14 02%' 91% 9214
91% 9214 91% 92% 5,000 81% Jan. 12 93% Mar.
106% 106% 107 107
106% 107
708 100% .Mar. 16,110% Feb.
106% 107
17
17% 17
18
17% 1758 •I714 18
430 17 Mar. 19, 1963 Feb.
'68
•68
•68
-3
70
70
70
69 72
10: 67% Jan.
77 Feb.
•38
•30
•39
40
43
42
•40% 42
37 Jan. 3 44% Feb.
27 14 27=8 27% 28
27% 27% 27% 28
27,1631 26% Jan. 4 30% Fob.
66I4 66 14
67
67
625 61 Jan. 4 70% Mar.
67
67%
43 '4 44% 43% 44% 43% 44% 47,460i 41%?.'ar. 18 48% Feb.
42% 44
15%'
15%
15%
16% 16% I6I4 16% I6I4 2,315 14% Jan. 5 19% Feb.
8I4
8I4
8
8
8
8
614
7% Mar. 18 9% Feb.
30% 31
31
31% 31% 3II4 3158 1,500 30% Mar. 18 35 Feb.
31
•15
•14
•15
15% •14
15
16
200 15 Mar. 18 18 Feb.
16
48I4 49%
49 14 50% 49% 49% 49% 49% 11,705 47% Mar. 11 53% Feb.
25
25% 25% 25% 25% 26
2,350 25 Jan. 5 27% Feb.
26
26
5958
69% 6OI4 60
58% 59% 59
60% 20,745 58% Mar. 16 63% Mar.
10% 20% 20% 20% 2014' 20% 2058 20% 2,950l 19% Mar. 19 24 Feb.
53 14 54
51
52
51% .54
53% 53%' 7,835 41% Jan. 23 58 Mar.
3158 31%
31% 32% 32% 32% 32% 3258 23,795 30% Jan. 23 3458 Mar.
23
23
23
28
23% 23% •2314 25
1,500! 22
'4
Jan. 24 28% Feb.
44 14 45%
4458
4458 4514! 45
44
4559 151,460' 4314 Mar. 16 50 Jan.
24% 24% 24% 25% 24% 25% 25% 25% 22,835 2258 Jan. 26 27% Feb.
78
78
79% 79% 7958 79%! •70% 79% 2,093 76 Jan. 26| 82% Feb.
•95
90
99
99
98% 98%t 99
315 93 Jan. 3|103i4Jan.
99%
23
22
22% 23
21% 22% •22
23% 1,100! 21% Mar. 10 26% Jan.
5614
53
55% 56
55% 55%' 56
56% 3,923 53 Mar. 10! 66% Jan.
105 105
106% 109 •107 109
108 108
181 104 Mar. 18 114% Jan.
'34
35%'
•34
36
36
35
200 35 Mar. 151 40% Jan.
35%
•85
•87
•85
61' 87
•87% 90
90
90
Mar. 131 95% Jan.
90
98
Feb.
06% 96% 97% 9814 98
*9S
100
1,860, 96% Mar. 19 105
1858 19
17=8 19
18% 19
18% 18% 14,834! 17% Mar. 18 23 Jan.
63 14 64%
63 14 64
6258 63%
57,313 62% Jan. 24 67% Mar.
63
64
13
13
13% 13% 13% 2,000 12% Jan. 3 14% Feb.
12% 13% 13
25% 25% 25% •25% 25%: 26
25
26% 1,705 24 Jan. 9; 28 Mar.
63% 64%, 64% 65%j 64% 65% 5,745 59% Jan. 5 67% Feb.
63% 64
11
I
»
1
14
13
21
14
6
I
'
»
14
1
26.
14
7
2
14
10
7
13
8
4
8
15-
7
13
15^
4
4
a
4
14
S
2
7
5
14
14
12.
14
2'
~~
'
j
i
4
4,
2
18
4
18
7
12
8
1
2
11
4
11
6
1
1*
15
1»
8-
31
15
2
12
14
18-
1
14
4
•£
4
4
,
4214 43%
29% 31
82% 82
83%
ISOM 130% 130 I3014
43
"30% 31%
*82
A: Hudson Canal...!
Improvement Co
Delaware
•51
1
Do
Oregon R'y&
41% 44%
15% 16
7% 7%
108
*88
98i4
69
42
26% 27%
24
47%
'
Colorado Coal A: Iron
Consolidated Gas Co
OiX'gon
•39
*34% 36
108
Istpref.
St.
Wheeling
09
24
*
& San Francisco
Do
Do
44
24% 24%
78% 79%
KomeWatcrtown&Ogdensb'g
Louis
44%
15%
8%
31
16%
48%
25%
59%
20%
52%
31% 32 14
23
23%
Evausville
I'hila.A- Kea<l. Vot.
St.
27%
69
,
95
05%
34% 34% 34%
17i»
17
17%
60%'
61
60
32
31% 32
05!V
93% 95%,
7
l.Osr.
tligbeat.
I
*91% 9214I 92
92
New York CVntial & Hudson. 106% 106% 106% 106%'
18
New YorkChie. A; St. I>«uis... *16% 17% *17
NasUv.CUattauoo(,'a&St.Ix)ui.s;
Do
Do
I
4.'i«'
I
1889.
I
I
103% 104%
155s
53
95
126,5.5.V 4914
7
40»8 4918
52»8 63
1,
!
iSt
East 'remicsscc Va.
52% 5214
04>«
04*4
34% 34% •34 14
16nH 17%
16%
5K% em 60%
31>2 32>a
31%
O.IU 96<>g
93%
I6I3'
5014!
7
I«wo«t
Share*.
22.
46% 47%
7
•47% 4S^
52
:
1
7
7
48ie
941a
59>4'
50
58%
*29
30
30
94 12 98
94% 96 ii'
"
15i58
52 13
93% 04
March
1889.
1,
Rangy Binoe Jan.
Week,
Friday,
45% 47
47>a
•61a
*47'4
92
17
Denver & Rio G., assesam't pd.
46
7'4
1H6% 137UI 137
l>ref.
46%
47'Vi
137
93 '4* 00% 93
•16
17%
17
38
jirci.
37% 37 "a •37
Do
31 14
30%
30%
31
Chicago St. Pnul Min & Om...
90% 01 14
01
pret.
91
Do
108%!
107%
CInchi. Ind. St. I-oui» & Cliic. 107
1071a
70%;
69
69%: 68
Cli'voluiul Col.Ciii.AIuJianap.
24
24%
23% 24
C'olumbiis-Hockiuis: Val. & To!
I3714 138
Delaware Lackawanna West I3714I38
Do
10.
471a
511a
1043«1(1.5
Clilcago Rock Island <fc Pa<'lllc.
ClileaKo St. lAjui.^ & rittsbiirg.
Wednesday, Tbiiraday,
Marah 20.
Maroh 21.
Ttiesday,
48% 48%!
."ilia
51%
92% 03 '4
SlU
97% 98 >4
41^ 41%
liruf.
Chicago
49>6
•7
47'a
51»g
31»4
.
.
--
48
58%
Cblc8t?o liurlinKtou & ijiiliicy.
Chicago vt Eiistoru Illinois
Chicago Milwiuikce A St.
16.
of the
Monday,
Karcb 18.
/AN.
90
prcf.i
Navlg.atlon Co.!
53
100
42% 44
29% 31
8214 82%
!
,
43%
46<>8
31
31%
82%
8214
13014 130%
'51
52
•90 100
46%
31%
82%
131%
131% 132
'52
'90
53
55
100
'90
48%'
31%
82%*
47% 48%
31% 31%
82% 82%
132% 132
53
100
97
105,583 34
1,900 29
1.584 80%
2,321 130
132
52
51
•90
300 50
90
3,871 92
1(X)
Jan.
Jan.
Jan.
Mar.
Feb.
Feb.
Jan.
16 48%
8 36%
21 85
18 138-%
26|
72%
Mar. 22
11
16
Feb.
Jan.
Jan.
Jan.
30
16-
25!l07%Jan. 30
95
95
2,102 Mar. 696
x04% 95% 94% 96
96
96% Oi>%
Paciflc Mail
36
3558 35''i
3458 36
36% 36%
4,890 34% .Mar. 19! 40 Feb. 7
34% 35% 35% 36
19
Pullman Palace Car Co
I73I4
'205% Feb. 11
176%
177
Mar.
175 177
;174 191
172% 173
171
177% 177% 5,198 ;171
I8I4 18%
Do
19
19% 19% 19% 12,169 18 Mar. 18; 20 Mar. 20Rights.
18
18% I8I4 18% 18% 20
Western Union Telegraph
2;
87% Mar. 4
Jan.
84% 85% 84% 85% 8468 8558 184% 85% 84% 84% 84% 84%: 34,8271 83
95
I
^%
j
!
KxpreKM stoiks.
Adams
I
150
Wells,
Fargo
Inactive Storks.
Tel. A: Cable Co
.fc
81%
81
& Co
84
Alton
& Esiie-t
New York Ai Northern,
81 14
80% 81
'138
143
142
'138
142
137
291 144% Jan. 2 153
230 109 Jan. 10 IIG
408 73% Jan. 4 84%
134 Jan. 191144
152
113
'148
'110
1.50
113
81% 81%
142
138
142
84
20
74
pref..
Philadelphia C«., Nat, Gas.
Wayne A; Chic
Quicksilver MluingCo
pref...
„. ^ Do
Kicn. A- Allegh'nv, Drexel roc
St. Louis Ark. & Tcxaa. .
Tol. .\nn Arb(U' & N. M
Camenui Iron & Coal
N. Y. Ac Peri-y Coal & Iron
Tenues-see Coal Ac Iron
. .
20
77
Pitts. Ft.
6%l
•6
•35% 38
8
'4
25
33
20
38
8%
25
33
27 14
39 14
Lead Trust
AmoiicanCotfon Oil Trust...
I.iuc (ertilicatt^s^
I
'
2058
.53%
80%
These are the pnocs bid and asked
20
*76
148
*6
35
•16
8
;
20
151
148
6%;
35
17
8%
26
32% 33
"38%
20
40
102
21%
55%
21
22%
54% 54%
OOI4
89
90
no sale was mode
36
*15
8
25
•19
20
76% 77
26
100
pref...
dee. (Unlisted.
Natfi>iml
jnpe
81
138
150
149% 150
111% 111% 110 111
81
81% 80'4 81
149% 149%
'112
,
Morris
'>"
151
I
Dcuv. Tex. i! Ft. W., Vot cert
Iowa Central, pref
-,
Various
stocks,
160
•83% 83% 83
836g 83581
83
83% 83% 83
83
134
132 135 •
133% 133% 134% 1.34% 130 135
20
22
21
21% 21% 22
18% 19% 19% 19% 19% 20
*26
•26
26% 26% 26% 26%| 26% 26%l
28
28
28
28
149% 151 1^149%
150 150
American
Chicago
152
113% 114
Auierican
United States
150
75
!
149
I
6% 6%
36% 36%
36
17
17
8
8
25%
:«%
37%
S0%
25%
^ 32% 33%
38% '39%
102
102
20
77
149
'
'100
19
75
17
8
25%
33%
27%
40
102
21% 22%! 21% 22%
54
55%| 55% 56
01%
88% 90%! 90
at tbe Board,
t
20
75
20
20
I
!
148% 148% 148%
Lower price
6%
6
'5%
I
'.35
17% 17%!
8%'
•17
•7%
i49"'
6%
37
18
673'
80% Jan.
6
87
I
8%'
21
55%
9058
is
21%
.56%
92%
26
26
4
4
l*
»
Feb. 7
Jan. 2»
Feb. 11
140 133% Mar. 181140
15 Jan. 25 24%
296 18% Jan. 24 29% Mar. 12
100 144 Jan. 5 150% Feb. 9400 15 Mar. 6 20% Mar. 8
1,175 72 Mar. 9 81% Jan. •£
165 148% Mar. 21 151 Feb. 11
300,
5% Jan. 30; 7% Feb. 12
300 35 Jan. 30. 38% Feb. 15
4,625
200;
14% Jan.
600
8
21
8;
Mar. 18
17% Feb.
10% Jan.
27
34
24%
32% 32%
500 25 Mar. 7 32
27% 27%
39% 23,662! 31 Jan. 23 42%
39% 40% 38
115 93 Jan. 4 105
•99% 102
101 101
25% 25%
32% 32%
Feb.
Feb.
Feb.
Feb.
1,900
1.700
Jan. 28
Jon. 8
itv
11
Feb. 19
Feb. 28
Feb. 11
Mar.
ts
Feb. 19
20% 21% 16,392 20 Mar. 15! 24 Mar. 12
56% 57
49,924 48% Jan. 16 60% Feb. 13
90% 010ss. '47.oaol 83% Jan. 18: 93 % Feb. 26
ex^liTldend.
,
{
Ez-rlghts.
i
Prices from both Ezobangvs.
.
.
.
THE CHRONICXE.
392
BONDS
-
LATIST PRICES OF ACTIVE BONDS AT
AtL & Pac.— W.
D.
Inc., 68,
20
81
81
Guar., 48, 1937
Con. South. -Ist guar., Ss; 1908 lOQU 10838b.
9358b.! 94
2d, 58, 1913
Central of N. J.-lst, 7s, 1890 .. 103>3 |103i4b.
!l22i2a.
Consol. 73, 1899
Convert. 78, 1902
!-„-a;--109*1 tlOgM
General mort., 53, 1987
Iieb.c&W.B.,con.7a,1909,a3'nt 115 b.ai6»4b
11014a.
IO8I2
Am. Dock & Imp., OS, 1921 ...
- _
CentialPaciflc— Gold 68, 1898.. 115 b. 115 b.
...i
....
.
Land grant 68, 1890
1
—
Mortgage
68,
108
1936
Jan.
lOO^a Jan.
93 H Jan.
103 Feb.
120 Jan.
125 Jan.
106^ Jan.
II5J2 Jan.
108 Jan.
113i<Feb.
102 M Jan.
IO5I2 Feb.
Mch.
781-2
|107i2b. 1053«Jan.
115% Mch.
108
Mch.
1
Highest.
Lowest.
ilfcA.22 Jfc/t.l5:
99 Jan.
Mutual Un. Tel.— S. f., 63, 1911. 102i2a.ll01i2
Nash. Ch. & St. L.— 1st, 73, 1913 132iab.!l33 b. 129 Jan.
IO512
98»8Jan.
IIO514
Consol. 58, 1938
N. Y. Central— Extend., 58, 1893 106 b.l06 b. 104i4Jan.
13512b.
133
Jan.
1903
N. y. C. & H.— 1st, cp., 73,
112 b. 112 b. Ill Jan.
Debentvire, 5s, 1904
132
b.!l33
b.
130
Jan.
1900
7s,
N. Y. & Harlem— 1st,
9158 Jan.
94%
N. y. Chic. & St. L.— Ist, 4s, 1937 94%
11758a.
115
b.
116
Jan.
1906.
N. Y. Elevated— l3t, 7s,
I3112 Jan.
N. Y. Lack. & W.— lat, 63, 1921.
11214b.
IIII4
Feb.
Construction, 5s, 1923
N. Y. & North'n— Ist, 5s. 1927. -HlO b. 109%b. 108 Jan.
Ill
110i2Mch.
110
1914..
N. Y. Out. & W.— Ist, 6s,
9758
94 Jan.
N. Y. Sus. & W.— Istref., 58, 1937 9838
114i2Jan.
Midland of N. J.-lst, 68, 1910 II714
Norfolk & West.— Gen., Os, 193l!ll9i2b II912 11714 Jan.
North. Pac— Ist, coup., 6s, 192I1II8I2 11758b. II512 Jan.
116
II519 112 Jan.
General, 2d,
-- coup., "1933
IO514 IO412
97% Jan.
General, 3d, coup. 6s, 1937
103% Jan.
iNo. Pac. Ter. Co.— 1st, 68, 1933. 107 a 107
72
b.
64i2Jan.
b.!
70
!ohio Ind. & West.— Ist, 58, 1938
lOhio & Miss.— Consol., 78, 1898. 116i2b. 116i4b. 115 Jan.
129%b.
119'8
119 Jan.
2d, consol., 7s, 1911
Ohio Southern— 1st, 63, 1921 ... 10613b. 106i2b. 103 Jan.
b.i
48
b.
48
44% Jan.
2d, income, 68, 1921
71i2Jan.
Omaha & St. L.— 1st, 48, 1937.. 7414b. 75
Oregon Imp. Co.— 1st, 68, 1910. 103 i8b. IO313 102 Feb.
110 Jan.
Ore. R. &Nav. Co.— 1st, 68, 1909 110%
104^8 105
102 Jan.
Consol.. 5s, 1925
loii2Jan.
Oregon & Transcon'l- 68, 1922 105% 106
10838b. lOO's Jan.
Penn. Co. 4I3S, coupon, 1921. 109
104 12 Feb.
Peo. Dec. & Evans.— lst,63, 1920
Evansv. Div.— Ist, 6s, 1920... IO6I2 106i4b. 102% Jan.
102% Feb.
j
133i4Mch.
1IO512 Mch.
107
Feb.
13612 Mch,
i
113i4Feb.
134 Mch.
95i4Moh.
I
1
Feb.
Ches. & Oblo.-Mort. 6s, 1911.. 117J4b. 117i4b. 113i4Jan. 118
95 Feb.
94 Feb.
9438
7414
l8t oonsol. 58, 1939
Jan.
110
109>4b.ll09
Jan.
107
b.
Ches. O. & So. W.-5-68, 1911...
IOOI4 Feb.
Chic. Burl. & No.-lst, 58, 1926. 102 b. 102 b. 98 Jan.
132 Feb.
Chic. Burl. & Q.-Con. 7, 1903.. ISl^fab. I3II2 131 Jan.
lOSigb. lOS^ab. 103 Mch. 106 Jan.
Debenture 5s, 1913
9412 Jan.
92ii
Feb.
9214b.
Denver Division, 4s, 1922
95 Feb.
gi'^ Jan.
Nebraska Extension 48, 1927. 95 a. 9438
Jan.
119i8b.
II914
Jan.
118
Chic. &E. lU.-lst, 8. f., 6s, 1907 119 b.
123>4b. 123i2a. 118 Jan. 12414 Mch.
Consol. 6s, 1934
Feb.
IO412
Jan.
97
General consol. Ist, 5s, 1937. 102 a. 102%a.
95 Mch.
83 Feb.
93
Chic. Gas. L.&C.—l8t,g,58,1937; 94I2
Feb.
105
103ia
Jan.
99
Chic. & Ind. Coal R., 1st, 58, 1936; 103 b.
Chic. Mil. & St. P.— Con. 78, 1905 124 b.il24 b. 12213 Jan. 125 Mch.
Feb.
II514
112
Jan.
Ist, Southwest Div.— 6s, 1909 112 b. 112 b.
llliab. 110 Jan. 113 Feb.
l8t, 80. Min. Div.— 68, 1910... 112
106
Feb.
Jan.
103
Ist, Oh.& Pac. W.Div.— 58,1921 105% il05%a.
Wis. & Minn. Div.— 5s, 1921 . IOOI2 ilOl a. 99 Jan. 102 Fob.
102
Feb.
Jan.
100
12
101 b. '10214a.
Terminal 58, 1914
'
~
147 Jan.
b. 143% J»n.
Chic. & N. W.— Consol. 7s, 1915.1145 b. 145
Jan.
/an.
132
12913
113138b. 131
Gold, 7s, 1902
119 Jan. 122 Feb.
1123 b.
Binking f und 68, 1929
Ill b. llOiab. 1081) Jan. 111 Feb.
Sinking fund 5s, 1929
Sinking fund debent. 53, 1933 112 b. 112 b. 109 Jan. IIOI2 Jan.
25-year debenture 5s, 1909.-.'l06i2b. IO6I4 105 Jan. 107 Feb.
100 b. Qi Jan. 104 14 Feb.
100
Extention 4s, 1926
Mch,
97 Feb.
9612
95
Chic. Peo. &St. L.— Gld.Ss, 1928! 97
132i2b 18114 Mch. ;133 Jan.
Chic. R. I. & Pac— 6s, coup.,1917 131 %
ig Feb.
Tan.
106
10458,
10478 105 14
Extension & col. 53, 1934
122 a, a9i3 Jan. 122 Feb.
Chic. St. P. M. & O.— Con.6s,1930 121
96
Feb.
Jan.
100
12
Ch.Bt.L.& Pitt.— l3t,con.5s,1932 99 b. 100 b
96 14 Feb.
Cleve. & Canton— l8t, 5s, 1917. 95 b.i 9512b, 9212 Jan.
Mch.
Jan.
134
132 bil30
C. C. C. & I.— Consol. 78, 1914..
116 b. 112 Jan. II6I2 Mch.
General 68, 1934
Jan.
103 14 100 Jan. 105
Col. Coal & Iron- 1st 63, 1900.. 103%
80 Mch. 87% Feb.
81
Col. H.Val. &T0I.— Con. 53, 1931 82
87 Feb.
85 \>. 82 Jan.
General gold, 6s, 1904
Feb.
12012b. 119 Jan. 122
Denver & Rio Gr.- 1st, 78, 1900'
801-2 Mch.
75 Jan.
7914b. 79 12
Ist consol. 4s, 1936
Mch.
8412 Jan. 102
9912b.
Denv. & R. G. W.— Ist, 68, 1911
73% Jan. 89% Mch.
8512
Assented
87%
Jan.
85 Feb.
8414b. 81
Denv. 8. Pk. & Pac— l8t,78, 1905 8412
103 Jan. !l08i2Feb.
Det. B. C. & Alp.— l8t,g.,6s, 1913
40 Feb.
38 a 34 Jan.
Det. Mac. & M.— Ld.gr.3i2s, 1911
Dul. & Iron Range— 1st, 5s, 1937i 102 a. 101 %8. go's Jan. 104 Feb.
104i2l> 102
Jan. !105i2Mch.
E. Tenn. V. & G.— Con., 5s, 19561 105
EUz. Lex. & Big San.— 63, 1902.1101% 101 %». 99 Jan. 106 Feb.
Erie— 1st, consol. gold, 7s, 1920 137'8 138 a.il37 Mch. 141'8Feb.
Long Dock, 73, 1893
illl b.llli2b.lllO%Jan. 112i2Feb.
121 Mch. 123 Feb.
Consol. 63,1935
98 Jan. 10413 Mch.
N.Y.L.E.&W.— 2d con. 6s, 19691 102ia il02i2
96 Feb.
l8t, 63, 1921 93
Ft. W. & Denv.
93 b. 90 Jan.
9553 Mch.
Gal.H.&8anAnt.— W.Div.l8t,5s| 95I3
95 b. 9414 Jan.
25 Feb.
18 Jan.
Gr.B.W.&St.P.— 2dinc. 83, 1911! 21 a.l 21
Feb.
GulfCol.&8an.Fe—l8t, 73,1909,112
1114 b. 106 12 Jan. 116
70 14 Jan.
8II2
8712 Jan.
Gold, 6s, 1923
81
12014 Jan. 124 Feb.
Han. & St, Jos.- Cons. 68, 1911.1121 b.'121
Feb. IO912 Jan.
Int. &Gt. No.— 1st, 6s, gold, 1919,10214
10312b. 102
Coupon, 6s, 1909...;
6519
65 b. 6314 Mch. 7412 Jan.
8033 Mch.
Kentucky Cent.— Gold 4, 1987. 7914
80 a. 7II3 Jan.
Knoxv. & O.— 1st, 63, gold, 1925il06
101 Jan. 106 Mch.
L. Erie & West.— Ist, g.,5s, 1937|l09i2
10912b. 107 Jan. 110 Feb.
125 14 Jan. 129 Feb.
I«ke8hore.-Con.cp.,l3t,7s,1900 126 b.
Consol. coup., 2d, 78, 1903
1126 b. 12734a.il24 Jan. 127''8 Mch.
Long Island— 1st, eon., 5s, 1931116
116 b.!ll4i4Jan. llO's Mch.
92i2Jan. 100 Feb.
General mort., 48, 1938
100 a.'
Louisv.&Nashv.— Con., 7s, 1898:120 b. 120 b.!ll8%.Ian. 121 12 Mch.
E. H. & N.— Ist, 6d, 1919
116 b. 116 b. 116 Jan. 117 Feb.
General, 6s, 1930
11338b. ill3i2b. 112 Jan. 114 Mch.
Trust Bonds, 68, 1922 ....
11212b. |112 b. 109 12 Jan. II212 Mch.
10-40, 6s, 1924
103 b. 10312b. 101 la Jan. 101 12 Jan.
Jan. IO212 Mch.
50-year 58, 1937
10212a.! 102 'sa. 98
98I3
98I4
96 14 Jan.
OoUat. trust 5s, 1931
9812 Mch.
Louis. N. A. &Ch.— l8t, 6s, 1910 117 b.ill7 b. II214 Jan. 117
Feb.
Consol., gold, 68, 1916
93 Jan. IIO2I2 Mch.
100 b. IOOI2
Mem. & Char.—68, gold, 1924... IO412 10212b. IO212 Jan. I10412 Mch.
Metro. Elevated— 1st, 6s, 1908.. 117
1117 b. Ill's Jan. ,117% Feb.
107J2b.l08
2d, 6s, 1899
106 Jan. IllO Feb.
131i4.Tan. 'l33i2Mch.
Mich. Cent.— Ist, con., 7s, 1902. 132i2b.ll32
Consol., 58,1902
112
Ill Jan. 11218 Pel).
Mil. Lake Sh. & W.— Ist, 6s, 1921 12112b. 120
118% .Ian. 12158 Ffct).
Conv. debenture, 5s, 1907
10012a. 10112a. 92 12 Jan. 10134 Mch.
Milw. & North.— M. L., 6s, 1910. 110
110 b. 106 12 Jan. 1110 Mch.
108 12 IO912 105 14 Jan. IO912 Mch.
Extension, 1st, 68, 1913
92 Feb.
Minn. & St. Louis— 1st, 7s, 1927 Ol'^sb. 91 b. 90 Jan.
54 Mch. 62 Jan.
Mo. Kan. & Tex.— Con., 6s, 1920 55ieb. 55
Consol., 58, 1920
51 Mch. 57i4Jan.
52 b. 51
87I2 Mch.
Consol., 78, 1904-5-6
92i2Jan.
8858b. 87 12
Mo. Paciflc— Ist, con., 6s, 1920. 113%b. 113% 110i2.Tan. II413 Mch.
3d, 78, 1906
118 b. 118 b. II6I2 .Tan. 119% Feb.
Pac. of Mo.— Ist, cxt., 43, 1938 98 b. 9858b. 97% Jan. 101
Jan.
2d mort., 78, 1891
105 b. 106 a. 104 .Ian. 105 Jan.
Mobile & Ohio— New, 63, 1927.. 113 b. 11212b. 112% Feb. 113% Feb.
General mort., 48, 1938
50'8Feb.
49 a. 4712b. 41% Jan.
1
.
II8I3 Feb.
135 Feb.
|113i8Jan.
108i2Jan.
115 Feb.
99 Mch.
1117% Mch.
120 Mch.
118i2Mch.
116 Feb.
106 Feb.
.
107%
I
|
.
2d mort.,
C—
1
!
.
!
i
I
I
:
I
Indicates price bid,
and "a" price asked
;
all
1927
.
Alabama— Class A
Bid.
Ask.
66
91 14
8II4
8858 Jan.
8OI2 Mch.
6938
5612
68 14
68
56
5512b.
Mch.
Mch.
62 14
64%
11638 Mch.
.Ian.
Jan.
'
—
I
!
1
&
Cairo Ark. & Tex.— Ist,7s,1897il04i2b. 104
8412
8312
Gen. R'v & land gr., 5s, 1931
St. L. & San Fr.— 68, CI. A, 1906 118 b.
118
117
B,
1906
68, Class
118
117
68, Class C, 1906
94i2Mch.
99i2Feb.
116i2Mch.
110838 Mch.
I
Rome
&
Feb.
Feb.
Jan.
Jan.
1104i3Jan.
99 Feb.
38 Feb.
110 Jan.
:ill
107 12
!114
1110
104
81
116
Feb.
Jan.
Jan.
115% Jan.
II513 Jan.
117
115i8.Ian.
116
General mort., 68, 1931
104 b. 10414b. I0I14 Jan.
General mort., 5s, 1931
a.
120
119
1).!118
Jan.
B. P. M. & M.— Dak.Ext., 68, 1910
119 a. 116
II512 .Ian.
1st consol., 6s, 1933
99i2b.
10014b.
reduced to 413S ...
OSUJan.
Do
97i2
96i4Feb.
9712
Collateral trust, 5s, 1898
83i4Jan.
Montana Ext. 1st, 4s, 1937 ... 88 a. 89
Shen.Val.- lst,7a,1909,Tr. rec.l 85 b.' 85 b. 90 Jan.
b.
3412a. 31
Jan.
General 6.3, 1921, Trust rec... 26
SouthCarolina— Ist, 68, 1920... 85 b-l 94 a. 90 Jan.
56 ».! 55%
47 Jan.
2a,6s,1931
5i8Jan.
5 \).'
5 b.
Income, 6s, 1931
10512 Jan.
So. Pae., Ariz.— Ist, 6s, 1909-10.1106
Jan.
So. Pac, Cal.— Ist, 6s, 1905-12 116 b. 11558b. 114
106 b. I0512 Jan.
80. Pac, N. M.— 1st, 63, 1911 ...1081s
89 Jan.
Tenu.C. I. &Rv.—Ten.D.,l8t,63l 98 a.
98 a. 98
89 Jan.
Birm. Div., ist, 6s, 1917
87i8
85I2 Mch.
Tex. & Pac— l.st, gold, 5s, 20001 87%
34I2
35
34 Mch.
2d, gold, income, 5s, 2000
Mch.
Tol. A. A. &N. M.— 1st, 68, 1924 10718b. 107 b. 99
Jan.
Tol. A. A.& Gr. Tr.— 1st, 6s, 1921 106i2a. 105i2b. 103
102i2b. 101 .Ian.
Tol. & Ohio Ccnt.—lst, 5s, 1935 10273
92I3 Jan.
Tol.St.L.&Kan.C— Ist, 68,1916 10314 IO2I3
117 b.117 b. 115 Jan.
Union Paciflc— l8t, 63, 1899
103 b. 102% Feb.
Land grant, 78, 1887-9
11638b. 11614b. II6I4 Mch.
Sinking fund, 88, 1893
,
1
.
116
100
99
103i4Mch.
11778 Mch.
102%
Feb.
12012 Jan.
IIII2 Jan.
11058 .Ian.
I1514 Feb.
11413b. 114i3b.lll4
113i2b. 114 b.!ll2
Jan.
Jan.
Feb.
86 b.i 7838 Jan.
3712b.; 3712 .Ian.
88I2 Jan.
9412
116i2.Tan.
llliaJan.
111
~
42
96
87
95
95
96
86 b. 85 b. 86 .Ian.
Tol. &W.— Ist, ext., 78, Tr.rec. 95 b. 95 b. 8912 Jan.
93I3 Feb.
l8t,St.L.Div.,73,1889,Tr.rec. 95 b. 95
2d, extend., 78, 1893, Tr.rec. 86 b
87 Jan.
Feb.
Con., conv., 78, 1907, Tr.rec. 86 b. 85 b. 85
Jan.
Gt. We8t.— l8t,7a, 1888,Tr.rec. 95 b. 94%b. 89
Mch.
2d, 7s, 189,3, Trust receipts. 86 b. 86 b. 86
IO6I4 10658b. 102%,Ian.
West Shore- Guar., 48
9858b. 95 14 Jan.
West. N. Y. & Pa.— 1st, 5, 1937. 98%
42 a.! 40
39% Jan.
3d mort., 3g., 58C., 1927
"
9878 Jan.
1938 102% 102
West. Un. Tel.— Col. tr. 5s,
Wheel. & Lake E.- Ist, 5s, 1926 104 b. 104 b. 102% Jan.
other prices and the range are from actual sales.
SECURITIES.
Mch.
Mch.
91=8 Jan.
3913 Jan.
108 Feb.
107 Feb.
103 Feb.
109%b. 109 b.lllisJan.
110%b. lioia jlOOiaJan.
!
Mch.
lOSUFeb.
'
87i8a.
37i2b.
Moh.
Feb.
Feb.
10058 Mch.
9812 Jan.
90 Feb.
9213 Feb.
34 Feb.
96 Feb.
6OI2 Feb.
10 Feb.
107 Feb.
!
112%
Feb.
120
120
'
II214
Mch.
104% Mch.
1
I
Feb.
Feb.
11712 Mch.
1
KansasPaciflc- 1st, 6s, 1895.
l3t,68,1896
Denver Div.— 6.3, 1899
Istconsol., 6s, 1919
Oreg. Short Line— 1st, 68, 1922
Virginia Mid.— Gen. m., 5s, 1936
Wab. St. L. & P.— Gen.,63, Tr.rec
ChicagoDiv.— 53, 1910,Tr.rec.
Wabash— M., 7s, 1909, Tr. rec
Mch.
Mch.
108
104
106
90
118
118
119
.
1
.Ian.
8234 Mch.
Feb.
3114 Feb.
Jan.
Jan.
Jan.
&
&
9412 Jan.
8238 Jan.
;
98
96 Feb.
6s, 1897 9838
Pitt3b.— Con. 6s, 1922.. 120 a. 11613 113 Jan.
Roch.
Wat. & Ogd.— Ist, 78, 1891 108i4b. 108 14b IO712 Jan.
110iBb.ll08i4 Jan.
Consol., extended, 5s, 1922...
106i2b.l04 Jan.
Gr. Isl.- 1st, 68, 1925. 107 12
St. Jos.
113 b.!112i2Jan.
T. H.— Ist, 78, 1894 113
St. L. Alt.
107 b. 105% Feb.
1894
mort.,
pref.,
7s,
2d,
2d,mort., income, 7s, 1894.. .1108 b. 110 b.l04i2Jau.
b.
9858
92 Jan.
19361
98
&
Tex.—
Ist,
63,
Ark.
St. L.
33i2Mch.
33 b. 35
2d, 68, 1936
lOOiab.
106%b.,106i4Feb.
Mt.—
1st,
7s,
1892.
Iron
St. L.
'108 b. 10914b. !l05
Jan.
2d mort., 78, 1897
103 b. 102 Jan.
Cairo & Fulton— 1st, 78, 1891. 104
Missouri— 6b
1906
106
due 1889 or 1890
Class B, 58
1906 iii"
Asylum or University, due 1892
Class C, 48
1906 101%
Funding
1894-1895
66, 10-20
1900
New York—6s, loan
1892
Arkansa8-6e, funded. .1899-1900 11
12%
6s, loan
1893
7s, Little Rock & Fort Smith, Iss.
North Carolina— 68, old
J&J
7s, Memphis & Little Rock, Iss..
Fundingact
1900
78, Arkansas Central RR
New bonds, J. & J. ...1892-1898
<}eor(!la-78, gold..1890 104
Chatham RR
I>oul8iana-7s, cons
1914
Special tax, Class 1
Stamped, 4g
87% 87%
Michigan -7h
ibbo 106
68
.'.'.""!;"l919
3 to 5
76i2a.'
93
82 14
Rich.&W.P.Ter.—Trust
STATE BONDS.
BECUKITIE8.
10673 Feb.
112i4Jan.
105 Feb.
IO6I2 Mch.
109 Mch.
104i2Feb.
109i2Feb.
7612 Mch.
94 Jan.
Jan
7512a.
82i2b. 81 b. 76I4
63
58
Rich. & All.— 1st, 78, Drexel cert. 63I3
26
2d mort., 68, 1916, Drexel cert. 3112a. 30I2
Rich. <fe Danv.— Con., 63, 1915 .. 116i2b. lieisb. 114
9358
93 12
86
Consol. gold, 5s, 1936
1
1
5s,
Phila. & Read.— Gen. 43, 1958..
1st pref income 5s, 1958
2d pref. income 5s, 1958
3d pref. income 5s, 1958
Pittsb. & West.— Ist, g., 4s, 1917
li
1
Feb.
Jan.
Moh.
120i4Mch.
107 Feb.
51i2Mch.
76" Mch.
—
1
I
73
1117
i
1
None.—The letter "b"
1.
Railboad Bonds.
2238 Feb.
83 Feb.
IO914 Mch.
97 14 Feb.
IO6I2 Jan.
122 Feb.
125 Jan.
110 Jan.
119 Jan.
110=8 Feb.
19
20
a.
1.
1889.
1,
Range Since Jan.
Clo&ing.
Highest
Lowest.
Meh.22'M:eh.l5
1910
XLVin.
STOCK EXCHANGE. ANB RANGE SINCE JAN.
N. Y.
Range Since Jan.
^losing.
Railroad Bonds.
[Vol.
90%
89
95
94
Feb.
Feb.
Mch.
Jan.
Feb.
Mch.
Feb.
Feb.
Mch.
Feb.
106% Feb.
100
44
103
Feb.
Feb.
Feb.
IIO414 Feb.
-
Bid.
Ask.
SECUEiriES.
Ask.
Bid.
100
Rhode l8land-6s, cou.. 1893- 1894 Ill
108%
112%
108%
108%
South Carolina—6e, non-fund. 1888
S's
Brown consolidated 6s
1893
Tennessee— 68, old
1892-1898
64
Compromise, 3-4-5-68
1912 74
1913 103 104%
New settlement— 6e
1913 101 101%
6a
38
1913 7238 72%
35
10
20
6
94
125
...„.
Virginia—-68, old
68, deferred, trust rec
*
1
9
'
10
.
1
ICaxch
-
4
THE CHRONICLR
38, 1889,
893
BONDS-STOCK EXCHANGE QUOTATIONS ON FKIDAT OF THE LESS ACTITE RAILROAD BONDS.
BECURnTEB.
Bid.
BEOURITIEB.
Ask.
Railroad Boiidg.
ntil.
E. Tenn.
(Sloek F.xthnnije I'rieet.)
95
Atoh. Tod. & Bun. F«»—4>«s . 1920
1911 I<>3>< 105>t
BlnklDK ninil, 6e
Cailo. 8. Fe&Oiil.— l«t K.. fis.1937 100
B«lt A Oolo-latGB, Park B ..1919 118
Divisional 58
Istext.. goH, 59
. .
101 106
1988
S9
91>s
Beeen Creek -idt gold, 4»
1936
99
Boat H. Tun. A W.— Deb. 58... 1913
Brooklyn Kiev.- let, U., 68...1924 110>8 111>8
89
2d. 35«
1916
107
Union El.. l8t, guar., 69. ...1937
BniDHwIck A Wflsfl— let, ({..48.1938
96 100
Butr.Roeh.AlMtts.— Gen.,S8...1937
Kooli. & Piiw.— l8t 6a
1921 116 120
97
99
Burl. Ce. Ra|i. & No.— lit, &8. 1906
83
CoDBol. A col. tr, Ss
1934 80
Minn. A St. L.-l8t 7s, en
1927
110
Iowa C. A Weat.-lst 78.... 1909
Oed. Rap. I. F. A N., let 68.1920
lat 58
1921
102\
Central Ohio Reor.— lat, 4is8, 1930 102
192.5
B«,KOl(l
Cons. mort.. gold, 58
.
.
Cent. KR. A Bank.— Col. (t..5s.l937 100-\ 101>a
Cent, of N. J.-Conv. deb. 6s. 1908 •loe
Central Pacltlo- Gold bda., 681895 113%
Gold bonda, 68
1896 113%
Gold bonds, 68
1897 114
San Joaciuin Br. 68
1900 115
Cal. A Oregon— Ber.B., 68.1892
Weat. Pacltlo— Bonds. 68. ...1899
No. Railway (Cal.)- 1st, 69.1907
Cli68. A O.— Pur. M. fund. 6e.l898
A
6a, gold, aer.
1908
So. Weet.-2d 68. ..1911
Chea. O.
A
OUoago A Alton— lat. 78
1893
Blnldng fund, 68
1903
Louis. A Mo. Rlvei^l8t78..1900
2d 78
1900
Bt. L. Jacks. A Chic— Ist, 7s. 1894
lat, guar. (564), 78
1894
2d mortg. (360), 78
1898
2d, guar. (188), 78
1898
Mlsa. R. BrldKe— lat, s.f. 68.1912
114
H5>4
11768
US'*
77
lia
124
1241s
121
124
120
115>3
115i«
1181a
118
106
Chlo. Burl. A No.— Deb. 6a. ...1896
Chlo. Burling. A Q.— 5a, 8. f. ..1901 •108 "2
Iowa DlT.— Sink, fund, 68..1919
Sinking fund, 48
1919 97>e
9014
1921
Paul.—
lsi,8s,P. D
12413
1898
ad. 7 3-108, P. D
1898 116
Ist, 7a, $g.,R.D
1902 121% 1251a
lat. La Crosse Division, 78 .. 1893 110»«
l8t, I. AM. 78
1897 1141a
let, 1. A D., 78
1899 118
let, C. AM., 78
1903 124 <a
lat. 78, r. A D. Eit
1908 124I3 125>4
1st Southwest Dlv., 6e,
1909 iir
let, La C. A Dav., 5s
1919 1021a
let, H. A D., 7e
1910 121
let, H. AD., 5b
1910 99%
Chicago A Pacific Div., 6s. .1910 118 lt8>s
Chic. A Mo. Riv. Dlv., 58 . ..1926
99%
Mineral Point Div., Sa
1910 102
C. A L. Sup. Dlv., 5e
99
1921
Fargo A South., 68, Asau ...1924
Inc. conv. sink, fuud 58
1916 921a
Dakota A Ot. South., 58
1916
Chicago A Northwestern£8canaba A L. S.— let, 68. ..1901 111
Dee M. A Minn.— let, 78
1907 124
Iowa Midland— Ist, Sa
1900 135
Peninsula— 1st, conv.,78 .... 1898
Chlo. A Milwaukee— lat, 7s. 1898 122
Win. A St. P.-2d, 78
1907 135 1361a
Mil. A Mad.— 1st, OS
1905 II7I6
Ott. C. F. A St. P.-lst, 5a.. 1909 106% 108
Northern 111.— lat, 5
108
1910
Chlo. Bock Isl. A Pac.—
Dee Moinea A Ft. D.— l8t,48. 1905
80
83
1st, 2Js8
56
1905
Extension, 4s
1905 80
Keok. A De« M.— 1st, 5s .... 1923 105
107
Okie. A St. Louis— Ist, 6s
1915
Chio.St. P.AKan.C.-58
1936
95 >a
Minn. AN.W.— Istg. Sa....l934
Ohio. St. Paul M. A o!—
Chlo. B. P. A Minn.— lat, 68.1918 127
128
BO. Wisconsin— Ist, 68
1930
Bt. Paul A 8.
Ist, 6s
1919 12614 127
Ohio. A W. Ind.— 1st, a.f., 68.. 1919 114
General mortgage, 68
1932 117>«
Gin. Ham. AD.—Con. s.f., 7s. 1906
2d, gold, 4111S
1937
991a 101
Cln. l.St.UA Chic— lst,g.,4s 1936
98
99
Consol. 68
1920
Cln. Jack. AMac.-lst,g.,58... 1936
95
Cin. Sind. A Cleve.-lst, 7s. .1890
Plain, 4 a
Chicago MUwaukie A
St.
C—
.
Consol.
CL
l8gg,58
Col. Cln. A
Consol. sink.
Ind.— 1st,
19:i8
7s, s.f. '99
1231a 124 >i
1914
Olevc A Mah. V.-Oold, 58. ..1938
Colerado Midl'd— Ist, gold, 6«,1936 101 13
CoL A Ureon.— Ist, 68
1916
_*<l>6a.1926
Ool. A Cm. Midland— 1st, 68.. 1914
91
fd..
7s
DWaware Lackawanna A WestConvertible 7s
1892 109 14
1907
139
140
Mortgage, 78
Bmg. A N. Y.-lst. 7s. 1906 ....
1914 *145
o?^ * Kaaex- l8t,7B
Bvia.
^.78
Bonds, 78
78 of 1871
.....::::i89i
1900
1901
1915
,.
1st, con., guar., 78
A Hud. Canal—1st, 7s.. .1891
Ut,ext.,7e
1891
Ooapon, 78,
1894
Pa. i)iv., coui-.,78
1917
AlOany a Susii.- lat,gu.,7s.l9U6
let, cona., guar., 68
190B
Rena. A Bar.- lat, coup., 78. 1921
Oanv. A R. G.— Imp, g. 58
1S2S
Bel.
*
No
price Friday
;
BECURtTIEa
Aak.
Bid.
A Atl.-58
1937
Va. A Ga.— Ist, 7s... 1900
89
122
112
80. 8h.
1930
1937
Kqnlp. A Improvcm't, g. 5B.1938
Mobile A Biriii.— 1st. g., 5s,1937
Alabama CVnlnil- lat 68...1918 11313
92
Brie— l8t, exinniled, 7e
1897
2d, extendwl, 58
1919
8d, extended. 4ias
1923
4tta, extended. Ss
1920
5th, extended, 48
1928
Ist, cons., fd. coup., 78...... 1920
Reorg., 1st lien, 6b
1908
B. N. Y. A E.-lBt, 78
1916
N. Y. L. E. A W.— Col. tr., 681922
Funded coup., 5b
1969
Income, 68
1977
108
Bid.
Northern ParlBe— (Continued)
La. M. A Mo. R.-l8t,5s
1937
North. Pac. A .Mon.-lat,0a.l938
Oienr d'Aleno. lat. Oa, gold.l»l«
Cent Washlogton— let. it. Of, 1938
Norf. A W.— New Rlv.— Ist,e8.1932
Imp. A Ext., 68
1934
Adjustment M., 78
1924
Enulpment. 5s
1901
ainch
109
119
Ogd.
Ohio
101
Val. D., lat equip. 88.19.%7
*J07>a!l08«4
102 1« 1021a
105
101
113
107
110
lis
91
A l,akc Ch. — lat, con. 6s.l920 no's
A Miss.— Cons., a.f., 7e.. 1898 116>a
1171a
Sp'gtleldDlv.— l8t,78
1906 108
113
General 58
1932
1421a 1431a Ohio River RR.-l8t, 5s
1936 100
110
General miirt., gold, Bs
1937 83
94
Oregon ACal.— 1st, 6s
1927
75
Panama—Sink, fd., sub., es...l910
Buir. A 8. W.— Mortg. 68.. ..1908
84
Pennsylvania RR.—
Eureka Springs R'y, Ist, 68, g.l933
Pitta. C.ASt.L.- lat,op.,78. 1900 118
Evan. A T. H.-lst, cons., 68.1921
119
Pitta. Ft. W. A
1st, 7s. .. 1912 1421a
Mt. Vernon— 1st, 68
2d, 7s
1912
1923 110
140
Evans. A Indlan.—lat, cons.. .1926 •108
3d, 78
1912 138
125
Fl't A P. Marq.- Mortg., 6s.. .1920 122
Clev. A P.—Cons., s. fd., 7s.ltfOO 129
109
Gal. Har. A San Ant.- let,6B.1910
4th, sink, fd., 6s
1892 105% 106 «
2dmort. 7a
St L. V. AT. H.-lst, g., 7s. 1897 115 116%
1905 idJia 1041s
96I4
95
Grand Rap. A Ind.— Gen. SS..1924
2d, 78
1898
83
Green B. W. A St. P.— lat, 6s. 1911
2d, guar., 78
1898 110
Housatonic—Cons, gold 58. .1937 108
Peoria A Pek U'n— Ist, 6s
1921 109
125
Hous.AToi.C— let.m. I. 78.Tr.reo.
2dM., 4138
69
1921
Wear Dlv. 78. Truat reo«ipt8.1891 126' 123
Phlla. A R.— 3d pr. Inc. conv., 1958
l8t Waco A Nor. 7s
Pine Creek Railway— 68 of 1932
1903 104
117
Pitts. Cleve. A Tol.— 1st 68... 1922
2dm.88M.l.. Trust recelpt8.1912
76
Pitts. Junction— lat 6s
Gen. niort.6s,Tru9t receipt8.192l
1922 109
109
Illinois Central— lat, g., 4s. ..1951
Pitts. McK. A Y.— Ist, 68
1932 113
93
991*
Pitts. Palnsv. A P.— 1st 5s... 1916
Ist, gold, 3 "sa..;
1951
Pitts. Y. A Ash.— Ist 58
Gold 48
1927
1952 100 la 101
115
Springr, Dlv.— Coup., 6s.. ..1898 113
Presc't A Ariz.Cent Ist 68, g.. 1916
Middle Dlv.— Reg., 58
2d Income 6s
1916
1921 113
50
Rich. 'tDanv.—Debenture 6a. 1927 101
0. St. L. A N. O.—Ten.!., 78. 1897 1201s 123
103
Ist, consol., 78
Atl. A Char.— Ist pr., 7s.. ..1897
1897 '12013 123
2d, 68
Incomes
1900
1907
Gold, 58, coupon
1923
49
1951 116% 11713 St Joa. AGr. Is.- 2dlno
Dab. AS.
Kan. C. A Omaha— l8t Ss, 1927
88
2d Div., 7b. ..1894 111 I12i«
6.1
75
St L. Al. A T. H.— Div. b"nd8.1894
Ced. Falls A Minn.— 1st, 7s.l907
40
Bellev. A 80. 111.- Ist, Ss. ..1896 117
Ind. Bloom. AW.— lBtpref.78.1900 115%
BeUev. A Car.— lat 6b
Ohio Ind. A W.— Ist, pf., 5e.l938 100
1923 10913
93
Chi.8tL.APad.— I8tgd.g.58.l917 100
1. B. A W., 1st, 5-6s, Trust rec
30
fit Louis A Chic— lat, con. 68. 1927
do
East. Dlv. Trust rec
42
St L. ALM.— Ark. Br., lat 78.1895 106 13 107 >a
Ohio Ind. A West., 2d, 58 ...1938
10
I. B. A W., con. Inc. Trust rec
8tL.AS.Fran.— lBt6B,P.C.A01919 103
Ind. D. A Spr.— 1st, 7s, ex.cp. 1906 103
Equipment, 78
1895 105
99 100
89
Ind. Dec. A West.-M. 58
1987
1947
lat trust gold, 58
50
100 104
2d M. inc 5s
Kan.
City
S.—
g.l916
1948
A
Ist 69,
87
90
Ft S. A V. B. Bg.— Ist 68.1910
Iowa Central— Ist, gold, 58. ..1938
Kan. C. Wyan. A N.W.— l8t,5s.l938 9313
Bt L. K.ASo.Wn.— 1st 68.1916
Kansas MId'd,— 1st g. 48.1937
Lake Shore & Mich. So.—
112
Paia
St.
A Duluth— 1st, 58....1931 112
Cleve. P. A A.— 7s
1892
2d mortg. 58
1917 IO6I4 1067,
Buff. A Er.— New bonds, 78.1898 124
103
1021s
8te.Mlun.AM.—
1909 112 13 114
Kal. A W. Pigeon— Ist, 7s... 1890
13
Ist 78
2d mort, 68
1909
121
Det. M. AT.— 1st, 78
1906 132 135
Mln's Un.— 1st 68
1922
Lake Shore— Dlv. bonds, 7s.l899 124
• •««
Mont Cen.— Ist, guar., 68. .1937
Consol., reg., let, 7b
1900 126 128
116
East. Minn., 1st div. Ist 5a. 1908
1903 126 126%
Consol. reg. 2d, 7b
Mahon-g. Coal BR.— 1st, fis.1934 109
San Ant A Aran8.-lat,68,'83-1916
90
105
1926
Lltchf. Car. & West., 1st 6B.g.l916
88
1st 6s, 1886
Scioto Val.— 1st, cons., 7s
1910
Long Island— 1st, 78
1898 122 123
70
Coupons oflt
N. ¥. AB'wayB.— l8t,g.,58.I927 10213
38
Sodus Bay A 80.— Ist. .Ss, g...l924
110
2d mortg., Inc
1927 30
116
1909
Tex. Central— Ist, s. f., 7s
421a
N. Y. A M. Beach— lat, 7s. .1897 112
IO2I3
42 13
1911
N. Y. B. A M. B.— 1st, g., 68. 1935 100
1st mortg. 7b
Tex. A N. O
1905
Brooklyn A Mont.— let, 6s. .1911
1st 78
Sabine Division, Ist, 6s
1912 •100 Is
lat, 58
1911
110
rex. A Pac.E.Dlv.- Ist 6s ..1906 107
Louls.ANasb.- CeoU. Br— 78. 1907
Tol. A. A. A Cad.— 6s
1917
103
1930 1141a 115
N. O. AM.— lat, 68
1919
2d, 68
do
1930 104 104<Sb ToL A. A. A Mt PL— 6s
1917
Tol. Peoria A W.— Ist 4s
Pensacola Dlv.—6b
1920 105
Union Pac— 1st 6s
1896 114 II414
1921
St. Louis Div.— lat, 6s
1980 62
Ist, 68
1897 11414 114%
2d 3b
let, 68
189b II514 115%
Nashv. A becatuT^is't, 7b. .1900 121 1221*
Col. Trust 68
1908 105
1910
B. A N. Ala.— S. f., 6s
98Ti
95
Col. Trust 5s
1907
Fens. A At.— let, 68, gold.. 1921
85%
1895 1081*
O. Br. U. P.— F. o.,78
Lou. N. O. A Tex.— lst,4s.... 1934
99 13
40
Atoh. Col. A Pac— Ist 6s. 1905
2d mort., 58
1934
Atoh. J. Co. A W.— 1st 68.1905
Manitoba S. W. Col.—G. 58... 193
1909 112
UtSo.—Gen., 78
Mexican National— Ist, g., 68.1927 101 la
60
63
Exten.. l8t, 78
1909 107 108
"A"
1917
2d, Income, 6s,
19
22
99
1917
U. P. Lin. A Col.— Ist, g. 5s. 1918
»9>a
2d, Income, 6a, " B"
North'n.—
5B....19J6
Utah
A
«.,
Cent.—
68
1909
Michigan
1931
Valley R'y Co. of O.— Con. 68.1921
Coupon, 58
1891
Wab. St L. A Pac— Gen.M.,6s.l920
Jack. Lan. A Sag.—6s
1910
Chicago Div. 5s,
Mllw.L.8. AW.— Mich.D.,lst,6s. '24
1021
DetroitDlv.—6s
1925 1151a
Ashland Dlv.— 1st, 6e
lis
103
Trust receipts
Incomes
1909
1879
Ex.—
"ivi
Wabash,
M.,
78,
Mlnn.ASt.L.— I'a
I8t,7s.l909
55'
Toledo A Wab.— 1st ext, 7s.l890 II4I4
1891
2d mortg., 7b
14««
1889
Southwest Ext.— Ist, 7s
1910
St Louis Dlv., 7b
1893 90
83
2d M. ext, 7s
1921
Pacillo Ext.— Ist, 68
IHSS
bonds
3S
SO's 55
Equip,
Impr. A equipment 68
1922
1007
ConsoL conv., 7s...
Minn. A Pac— Ist mortg. 6b.. 1936
114
1888
1151«
7s
Great West— 1st
Minn. S.Ste.M.AAtl.— l8t,58..1926
1893 90
9413
2d, 7s
Missouri Pac— Trust, g.. 68,. .1917
93
Quln. A ToL— 1st, 7s, Trust reo
Mobile A Ohio— Ist Ext. 6s. ..1927 105
02 ••
Naples— Ist, 78, Tr. reo.
Han.
A
Ist pret. debenture
'47'
l8tex.6e,Tr.
rec.
93
I'a—
111. A 80.
2dpref. debentures
8tL.K.C.AN.--B.E.A RR.78.'9d 110 111
72
1931
St. L. A Calro-48, guar
Br'ge—
StCharles
lBt68.1908
Morgan's La. A T.— Ist, 6s.. ..1920 115
1895 114
No. Missouri— lat 78
1918 12513
1st, 7s
1896
Warren A Frank.— l8t 7s
2d, 6s.. 1901 no's iis'
Nash. Chat. A Bt.
West Va. C. A Pltts.-let, 68. 1911
1926
New Or. A Gulf -Ist, 68
136
111
C—
C—
,
.
,
,
—
,
U—
.
N. O. ANo. E.— Pr. l.,g.,6s ..1915
1986 103
147
N.J. June—Guar, let, 4S
107 1« 1071a N. Y. N. H. A H.-lst, reg. 4S.1903
1927
N. Y. A Northern.— 2d, 48
i28ia 129131 N. Y. Susq. A West.— Deb. 6b. . .1897
77«j
1937
144% I45I3 2d, 41b»
N. Y.Tex. A.Mux.-lat, 48....1912
1060s
111
Northern Pac -Divid. scrip ext... ioi
James River Val. — Ist, 6a. .1936
117 IIH
1936
BpokaneA Pal.— lat, 6s
147
138
Bt. Paul A N. P.—Gen., 6a.. 1923 ii'gia
M'n—lst,g.,68.
Red
1937
Helena
A
1251a
14i|ia
Dul. A Manitoba— 1st, K. 68.1936
Dul. AMan. Oak. Dlv.— lat 68. 1937
82
these are latest tjuotatlons
made this week.
112
80
110
107
122
iniKoellaneoun Bonds.
Am. Water W. Co.-lst 6s. ...1907
Cahaba Coal Mlu.— l»t g. 7a.. 1907
CoL A Hook. Coal A L— 6s,g..l9l7
1905
Equitable G. A F.— lat 68
UackeuaaeK Water— 1st, 58.. .1926
Henderson bndge-lstg. 6a.. 1931
1901
Iron .Steamboat Co.—68
Manhat Beach Imp. Co.— 7s. 1909
Northwest Telegraph.— 7a.... 1904
>106%
112
07 100
100
100
109 la
90
Gas A Coke I lstg.6a,l904 98
103
J2dg.B8,.19iP4
Co., Chicago
Philadelphia Co. -Ist s. 1. 69. .1898 104 >a 109
10!jls Weal. Union Tel.—Coup. 7s.. .19<HI 119% 119%
People's
— —
..
1
.
—
.
.
.
.
.
THE CHRONICLE.
39
New York
BsHk Statemeut for the week ending MchWe omit two ciphers (00) in all easeS'
City
16, 1869, is as follows.
[Vol. XLVIII.
SECURITIES.
Bid.
& Broad Top
Huntington
I
SECURITIES.
Ask
Phila.
i.
Loam
Sxirplut.
Capital.
Specie.
LegaU.
Deposits.
(00> omitted.)
Y»rk...
Manhattan Co
Herdianta'
ICeobanlcs'
America
Phenlx
caty
Tradesmen's
2,000,0
2,050,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000,0
1,562,2
1,171,6
798,3
1,640,3
1,868,1
523,1
2,335,0
800,0
600,0
1,000,0
300,0
200,0
200,0
600,0
300,0
5,809,3
104,2
1,2P0,9
Clieniical
Merchants' Exch'nge
Oallatiu :National
Botchers' & Drovers'.
& Traders
—
Mechanics'
Greenwich
IjeaUier Mannfact'rs.
eevenih National
New York...
State of
1,200,0
5,000,0
5,000,0
1,000,0
1,000,0
Americsn Exchange..
Commerce
Broadway
Mercantile
422,7
1,500,0
Pacific
Bepnhlio
Chatham
460,0
200,0
700,0
...
Peoples'
North America.
Hanover
1,000,0
500,0
600,0
500,0
750,0
600,0
500,0
1.000,0
1,000,0
300,0
1,500,0
2,000,0
240,0
250,0
3,200,0
2,000,0
300,0
750,0
500,0
1,000,0
300,0
250,0
200,0
750,0
600,0
100,0
200,0
200,0
500,0
300,0
200,0
150,0
300,0
200,0
600,0
200,0
3,500.0
Irving
Oitl«ens'
Kaesan
Maiket
Fulton
Bt. Nicholas
Shoe & Leather
<&
Corn Exchange
Continental.,...
Oriental
Importers'
& Traders'
Park
North River
Kast River
Fourth National...
Central National...
Second National...
Ninth National.
First National
Third National...
N. Y. Nat'l Exchange
.
Bowery
New York County...
German. American
Chase National
Fifth Avenue
German Exchange...
Germania
TJnlted states
lilncoln
Gatfleld
Fifth National
Bankot theMetrop..
West Side
Seaboard
Sixth National
Western National...
213,3
279,!)
160,5
85,4
503,6
73,9
454,2
1,606,2
3,183,4
1,549,6
605,4
303,9
824,5
562,4
239.8
466.8
1,104,7
264,9
378,6
167,8
663,4
211,8
211,7
1,078,7
264,6
363,6
4,277,8
1,868,7
107,8
120.6
1,358,4
496.6
212,0
289,7
6,152,5
237,8
122,6
361,6
130,2
207,6
631,2
673,2
369,0
354,2
505,3
217,3
251,4
252,4
428,0
211,2
127.5
80,8
162,8
.
900,0
1,774,8
453,5
166,0
1,659,0
212,9
704,4
660,9
464,7
120,0
2t4,0
109,9
227,5
56,S
868,2
2.021,0
7,637,1
416,8
086,3
672,4
161,0
138,8
468,4
398,7
2,643.0
3,339,1
19,222,8
6,351,3
8,366.8
2,866,1
12,618,6
5,233,5
2,148,4
4,338,5
16,330,4
3,031.0
2,989,5
2.638,7
3.993,9
2,;ll,0
3,183,0
6,5n6,8
4,981,1
2,160,0
24,276,2
21,S02,7
2,079,0
1.314,9
18,730,0
8,703,0
3,928,0
5,299.1
24,579,0
7,704,9
1,643,3
2,437,8
1,492.4
1,320.3
223,3
2,367.5
968,5
264,5
505,7
4,726.6
651,0
387.2
311,6
711.1
276.0
620,0
988.4
1,'.{89,3
199.8
4,640,9
4,646,7
65,6
213,6
3,509,4
1,178,0
1,034,0
1,412.0
4,311,0
2.146,3
257,9
603,5
•2,378,4
69.3,2
671,6
2,339.6
939,6
102,0
108,3
1,394,4
654.8
278,6
346,2
2,862,1
9,298,7
4.123,1
2,768,3
2.600,4
5,353,4
3.023,8
2,777.6
1,520.2
4,133,6
2,066,0
3,468.0
1,790,0
11,007,6
2.1.30,8
251,3
983,9
333,8
766,7
427,7
138,1
283,5
798,3
290,9
295,1
302.0
233.7
128,4
868,0
232,0
494,0
307,8
1,891,6
2,003,8
136,7
147,2
1,535,0
1,419,0
124,0
339,0
2,290,1
305,7
125,8
133,0
166,8
147,7
652,0
146,3
573,1
333,7
40,2
17,-793,6
3,151,0
3.086.0
3,018,7
4,924,9
1,913.2
3,923,0
6,996,6
6,042,2
•2,100,0
26,962,4
26,634.2
2,148.9
1,464.5
19,622,0
10,202.0
4,680,0
5,970,2
25,305,9
8,908,2
1,524,3
2,755,6
3,085,4
2,876.9
11,130,2
4.181,5
.',278,9
2,'768,«
5,828,3
3,870,2
3,164,1
1,847,8
6,269,6
2,863,0
4,138,0
2,160,0
10,671,1
305,
418,6
228,8
818,1
263.0
457,0
125.0
l,;S9,.i
354,0
718,0
531.0
2,086,9
2,974,'.J
13,359,1
5,590,9
2;675,8
4,644,7
1,022,9
16..
I
16...
$
408,004,6
408,960,9
413,001.2
417.070.3
420,406,0
90.636.0
90,022,9
86,266,5
82.976.1
83,417,5
36.281,7 438,088,4 4,358.0
36,292,1 438,299,414,360,0
35..527,a 4S8,095,o;4,323,9
35,204,9 438,770,8 4,364,1
35,324,6 442,681.94,283,2
718.099.2
555.708,3
640,840.3
670,180,6
689,914,6
65.043.5 152.308.9
65.043.5 152.524.7
65.043.6 152.043,8
9.477,9
9.737,5
9,630,1
4,997,9 128,544,3 3,023.7
4,662,6 128.757.8 3.032.7
4,791,4 130,486,6 3,032,9
93,574.5
Phlln.*
2...
9...
Deposits.^ Olrc'l'n Ctearinos.
Legale.
{
$
113.165.3
113,165,3
113.165,3
113.904,8
113,904,8
9...
•'
1,120.0
622,0
607.7
789,0
716.5
17.44.i,0
Specie.
K. Yiirk.'
Feb. 16 ..
" 23...
Mch. 2...,
"
9....
" 16
BoHlon.*
Mch. 2...
Mch.
2,250,0
1,679,0
1.604,5
2,181,0
1,861.6
60.762.7 53,142,1 420.406.0 83.417.6 36.324.6 442!684.9
.
bakkb.
"
12,960,0
10.373.0
7,612.0
9,101,0
11,127,6
4,613.0
9,778,7
2,999.9
21,030.6
3,675,1
6.000,0
2,000,6
'J, 628,0
1,249,9
3,334,7
1.363,8
3,576,8
13,010,0
10,507,0
8.041,8
8,712,0
10,608,8
4.033,0
10,301,6
2,802,6
23,475,9
4,485,6
6,307.8
2,242.4
2,947.0
1,222.1
2,698.4
1.376,4
8,010.0
16,958,0
15,601,5
5,823,2
9,145,0
34,552 8 93.646,0
84,562 8l 94.117,0
34.582 8 94.489.0
26.524.0
87,0'28,1
85,761,4
67,207.5
66,446,9
66,812,8
94,207,0 2,316,0
03.604
2.316.0
94,945.012,317,0
26, '262,0
26.777,0
• We omit two ciphers in all these floures.
•alptua, tne item '' due to other banks."
t Including, for
Boston and Phila'
Allegh. Val.— 7 3-10s,'96.
Inc. 7s, end. coup., '94..
Bells Gap Ist M., 7s
113'^
A
SECURITIE.?.
SECURITIES.
BOSTON.
BAILROAD STOCKS,
A Topcka. ......
Bo.st^m A Albany
Boston A Lt.welf.
,.„
ISoston A Maine
Boston A Providence
Atch.
California Houtlu'm
Central of Massachusetts
Preferred
Cheshire, prcf
A North'u
Cliic. A West Mich
Cleveland A Canton
I
17'.j
10^
24V
{102
..
.
. |
Preferred
46
47
33
7
"s
il
'
Concord
185 138
Connecticut A Passump.. 110>s
Connecticut River
£astcru
82
8t
Preferred
118
Pllchburg, pref
68
FliUt A I'ere Marquette..
27
\W
Prt^f erred
953b
Kan. C. Ft Scott A Mem.
K. (;. Meniph. A Binn....
I.oui8Ville Evans.
A
I
?
I
Mar. H.
A
Out.-1908,
6s.'
1923, 68
1
Mexican Central— 4s
Income
16
St. L.
Preferred
Maine Central
23°4
121>..,
Pref en ed
^ Per eh
are.
{
113
10712
98
,
Cam. & Amb.— M. 6s,'89..
Catawlssa— M, 7s, 1900..-
& Jeff.— Ist,
105
1
1091%
58Si
I
101ialO3t
j
I
18»9
—
Gap
A Atlantic, pref.
East Pennsvlvania
Elinira A Williamspcrt
34 13
5ll7>a lis
} SB's 841,
Preferred
Last price this week.
BALTIMORE.
1st prcf
2d pref
Central Ohio
Preferred
A Augusta....
RAILROAD BONDS.
Atlanta & Char.- 1st. 78.
Income, 68
Bait. A Ohio- 4s, 1935...
Cape Fear A Tad.— 1st, 6s
Cent. Ohio— 68. 1890...
Char. Col. A .\ng.— 1st.. 7s
Charl. Col.
Western Maryland-
Cin.
2rt,
40
"651-a
Ist Inc.,
1031....
5.a,
IWil.
Col.A Aug.,6a,'.910.
Last price this week.
New York Local
Ask.
Bid.
175
An;. Exch... 149
00
Broadway
. .
151
German Ara.
305
Germania
250
Chatham
4200
500
180
Chemical
City
Citizens'
Commerce... 190
128 130
Com Exch..'. 230
East River..
11th Ward...
FifthAve.... 1000
..
First
Metropolis...
150
260
New York...
Nassau
140
N. America.. 168*2
Oriental
i
Pacific
Park
225
200
134
People's
Pheuix
102
65
10(1
Kj
170
114
9H
100
Consolidated Gas
Jersey City A Hoboken..
Metropolitan— Bonds
Mutual (N.Y.)
Bonds, 6s
Nassau (Brooklyn)
10-2
Tradesmen's.
United St'es.
150
97
Western
250
no
99
Scrip
[City
A 7thAv.— St'k..
Bid.
Aak
73
120
111
90
110
126
10»
72
1118
Bonds, 6a
Metropolitan (Brooklyn)..
Municipal — Bonds, 78
Fnltou Municipal
Bonda, 68
Equitable
Bonds, 68
102
106
87
105
1'24
105
113
109
117
114
101
RR. Quotations by H.
Bl'ckerst. A Ful. F.— Stk. 26
113
let mort, 78., 1900
|
Williamsburg
10(1
153
130
112
Nicholas.
State of N.Y.
St.
People's (Brooklyn)
104
70
103
83
136
Republic
Seaboard
131
Second
820
Seventh
IShoeALeath.
Oaa and City Railroad Stock* and Bonda.
Bid. A8k.;r GAS COMPANIES.
GAS COMPANIES.
Brooklyn GasLlght
Citizens' Gas-Light
Bonds, 58
500
.'^oith River.|
150
530
Ini.A Trad's' 615
160
Irving
Leather Mfs' 228
Manhattan... 168 175
Market* Ful 186
Mechanics'.. 190 1S5
M'chs'ATrs'. 175
Mercantile... 190
Merchants'.. 145
Merch'tsEx. 110
Metroplitan. 12 Hi
14th Street.. 157
Aek
Bid
N.Y.NatEx.
130
220
.
Hanover
Hud. River..
Central
I
N.Y. CoHUty.'350
Ninth
Greenwich.
Butchs'ADr.
BANKS.
I
300
Garfield
America
Secnrltles.
Bank Stock L.l».
BANKS. Bid. Ask.
L.
28
115
185
Qbaht, Broker, 145 Broadway.]
106
D. D. E.B. A B.— Scrip Ga.. 106
175
105 lOtf
Ist mort., 68, 1904
104 12 106
2d mort., 6s, 1914,
B'way Smface b'd8...1924 102 105
90
95
Bouilsguar., 68, 1905
1'2«
132
Brooklyn City— Stock
105 107
1st mort, 58, 1902
Bklyn. Crosstown- Stock. 160 165
100
1st mort. 78,1888
Bushw'k Av.(Bklyn)— St'k 140 150
143 145
St'k..
Crosstown—
Central
Istmort, 6s,l«22....... 118 125
91
Cent Pk.N.A K.Riv.— Stk, 88
120 1201s
Consols. 78, 1902
125
Chiist'ph'rAlOth St-Stk, r.'2
114 116
Bonda, 7s, 1898
Dry Dk.E.B.A Bat'y— Stk, l'22la 125
109 1111
Istmort, 7s, 1893
i
126 135
107
110
206 215
103 110
28
31
113 115
40
45
165
110 iia"
50
101 lioi'i^
104 Hi 106
ISO
105 iioa
2'JO
225
102 103
,Twenty.third St— Stock.. 223 !225
110 Ilia
Ist mort, 7s, 1893
Eighth Av.-Stock
Scrip, 6s, 1914
A Gr'nd-St. F'ry-Stk.
1898
Ist mort., 7s,
42d St Mauh. A St.N.Ave.
1st mort., 6s, 1910
2d luort, income, 6s
HoustW.St A P.F'y-Stk.
l«t mort, 78, 1894
Ninth Ave
Second Ave.— Stock
Istmort, 58, 1910
Sixth Ave. Stock
Istmort, 78, 1890
.Third Ave.— Stock
Bonds, 78, 1890
—
42d
1
I
1
1
1
Unlisted Securities.— Quotations from both Exchangee:
BBCURITIlib.
Bla. Aak.
SECURITIES.
Am. Bank Note Co
Mt
37
A Pike's P'k, Ist 6s
A Char. Air Line
Atch.
123
Brooklyn Klev'd— stock.. 36lii 39
22
21
Brunswick Co
10
California Paciflo
107" 112
Itt molt, 4138
102
106
2d mort., guar
8
7
Chic. A Atl.- Beiioticiary.
03
90
l!.V. W. A M.- Ceu. D.lst,
37
CoLtineutal Con. A Imp..
5
7
Dul. S. shore A At.— Stk.
15
20
Pref
123, I4I3
Georgia Pao.— Stock
I8t68
109»o 10924
1907
121
—
Con.sol. 68
23
Income 5s
li8
24
103
91a
4
Keely Motor
Kingst'n A Pemb., let M..
Lehigh A
likes. Coal.
W
18
17
121a
V.-.S.A Bull
2
N.Y.
N Y A
Green'd Lake, Isl 30
6
2d mort
60
N.Y. Loan A Impr
N.Y Mutual Tel
N. Pac. P. d'Oreille Liv.. i02'
North Kiv.Cous. Co.scrip.
O.I.A W.— l8t aoc.intcert 60
2d ace. int. cert
Ocean steam.Oo., let guar.
.
.
A Atlantic
Postal Telegraph— Cable.
Penaaoola
Louis
Pref
St.
A
,
841,
Incomes
Co!uii,b.a
Bank
National
Bank
5
84
127
!114
89
42
la
i»
Pioauce Exchange Bank
'Ihir.l
62
40
981s
Toledo Peoria A West... 15
Yicksb. A Meriuiai.— Ist. 105
2d mort
37
L.N,A.AC.— C.AI.Div.,«s 105
8
53
39
4
25
PaulE.A Or.Tr.,l«t8s 101
Sugar Reliueiies Co
MemphisA Cha'st
consols
31a
Chicago
Stock, pref
West N. Car. -''on. 6a...,
Mex, NatConstruct'nCo.
Michigan A Ohio
1-87
N. O. Pac. Lai-d Grant...
Newp. N. A Miss. Val
Hcioto Valley. 1st. 78
2
1st pref
Sd pref
Des.A East Sh. Ld.Co.
Newb. Dutch. A Conn
N.J.&ouiheru
St.
781a
.-
I8t68
43>3
Bait.— Ists.
5s
Seab'aARo'n'ite— 6s, 1926
West. Md., 3d guar., 6s..
.
Gallatin
A
Wash.
3d, 3s
Cons., 58, coup.. 1919... 113
4*..;8, Trust Loan...
Perkionien— Ist se. 58. '18 106'
Penn. <ft IN Y. Can.—7 s,' 9o 117
Continental
....
Baltimore
General mort. In, 1903.
N.Y. Phil. ANorf — lst,6s
Income, 6s
Penn.— Gen. 68, coup. 1910
Oons. 68, coup., 1905
Chase
L.— 78,cp.
RAILROAD STOCKS!
& Ohio
6s.
Cons. 6s, C.&R., 192,3..
North Penn.— Ist M.. 7s.
BANKS.
St.
Pittsburg Br., 68
fis
i
&
West Penn.— 6s, 1898
I
121
122
Jarvl8Ccnklin,M.,Deb.68
Kanawha A Ohio
E6H.I.
Pitts. Cin.
Leh.V.-lst, 6s,C.&R.,'98
2d, 7», reg., 1910...
1st, 78,
1
Deferred incomes, coup
Phil.W. & Bait—Ti-. c, 43
lOSi^'
Chartiers— 1st mort.. 7a..
Per share,
R., 1893....
Cons., 78, coup., 1911.
Cons., 68, g., I.R.C.1911
Imp., 68, g., coup., 1397.
Cons. 5s., Istser., 1922.
Connecting — 6s
Dcl.&Bd.B.-lst,7s, 1905.
Kaston A Amboy.~M. 5e.
Kluiira & Wilin.— 1st, Os.
Harris. P. M't J.&L.— 4s.
Huni'n <t B. T.— Ist.Ts..
2d mortg., 7s
Atl.
I
Canidiui
75'..
,
46
C—
Bell's
BONDS.
A Topeka-lst, 7s..
112
N. Y. A N. Eng.— l8t, 7s. 126>a 1'27
lstmort.,lSs
117'5
2d mort, 6s
5107 il07>2
Ogdens. 4 L.
H7
Cons., 6s
Rutland— 5s
100 I.
Southern Kansas— 5s
85>a.
Texas Divisiot.- 58
75 |.
14'2
Northern
Norwich A Worcester
lib
Incomes
Ogdensb. A Lake Cham..
6
Wiscon. Cent- Ist M., 08
«JId Colony
170 171
Income, 5s
Portlai-d Saco A Ports... S125
126'j
I^ummit Branch
»H
Pnil.ADEIiPIllA.
Wisconsin Central
16>.
161..
RAILROAD STOCKS 1
Collat. Trust, 6a
I
100
1191s
I
ManchisterA LawrenccMexicau Central
13H Ysiii
N. Y. A New Khg., pref. 116i 116
Main, 68
98
Trust, Ge
{101 "v
Burl.
Mo. K. In Neb.—
Exempt, 68
118=8
Non exempt. 6s
Land grant, 7s
California South
1st, 68. 100
Income, 6s
Consol. of V(ri!ont^58..|
Eat^tern, Mass.- 6s, new..l 125
K. C. Ft. Scott A Meni.es
K. C. Ft. Scott A Glf.-78 1:7
Kane. City Law. A So.— tis 107
K.C. Meniph. A Birm— 6s
Kan. Clt. St. Jo.AC. B.— 78 5121 .
Ik. City Sp'd A Memp.-es
IK. City Clin. A Spr'd.-58
Little R. A Ft. Sm.-7s..- {
Loui8V.Kv.Ast.L.— 181,68 lOO"*
2d mort., 2.6s
A
I
Chic. Burl.
A Top.— (Cont'd)
Moitgage, 6s
t
Atchison
Ask.
Bid.
22 >«
110
—
+
Afik.
Schuyl. B. E. S.— Ist, 5s..
Stouben. & Ind.lst m. 6a.
49=3 United N. J.— Gen. 4a
WaiTeu A. Frank.— Ist, 78
West Jersey— Ist M., 7s..
w. Jersey <s Atl.— Ist, 6s
RAILROAD BONDS.
Br'd» ay
<2notations in Boston, Philadelphia and Baltimore:
Following are quotations of active stocks and bonds.
full
I'lat is given in the Chronicle the third Saturday of each month.
Atch.
65 Hi
Consol. M.,
Bid.
68...
.
West Jer.sey
West Jer8ey«fe Atlantic.
Clearliehl
&
2d, 78, C.
Northern Central
....{ 15h2 7
North I'ennsylvania
64 1^
Pennsylvania
Phil. <te Erie
OS's
Sunbury ifc Lewlston
United Co'8 of N.J
Fourth
Tofol
Philadel.
,
&
$
Bonk oJ New
Lehigh Vallev
Little Schuylkill
Miuehill
8. Haven
Nesouehoning Valley...
$
$
Erie—con.
General mortg. 4a
& Road.-lst, Oa
Prefer'ed
BANKS.
A
i-j
.-.
HiLRCB
1
1
,
.
.
1
CHRONICLE.
'I'HE
98, 188».]
—
.
1
395
Lautl MamtHfi Mfctna,
Jan. 1
to
Lalut D»le.
ROADH.
Jttutstmeut
fteekorHo
1888-9.
1887-8.
Ilons.iSrTcx.Cen.iFehniary..
210,776}
Hume.it'nAShenFebniary..
Hunl.tVBd. Top. February..
9,.50t)l
162,013
454,537
.T(0,71»
1 2,787
20,000:
25,061
3S.147
7s,737|
71,533
915,468! 2,(UO,999, I,S73.27I
1898-0,
I
1887^8.
AND
gailr0ad
lutelligctice.
35,6021
lll.l'en.(lll.ASo.)!F(^hriiary.. 1,017.1471
I
Cedar F.AMln. February
6,630
<i,736:
12,S|).V
1 I .lUI.'i
114,41k
M0,MHO
Dub. &hlo'xC.' February..
The Invkstous' Supplement, a pamphlet of 150 pages,
12I.OIH' M7,<il6i
Iowa lines
February..
oontains extended tables of the Ftnided Debt of State-i and
'•eh)uarj'..|l,16s,l95 l,063,OSi;
Total all
23,S64
36,251
Deo. & West. February
Cities and of the Stocks and Bonds of Railroads and other Ind.
33.266
33,716
Iowa Central
!2rt wk .Meh
4,77«
3,493
Companies. It is published on the last Saturday of every KanawhaA Ohio 2d wk Mch
73,4311
66,664
K.l'.F.H. & .Men).' Istwk Meh
other month—Diz., January. March, May, July, Septem- Kon. .{•!. *l.Sp.
4,063
*i.Sp.
stwk.Meh
4,168
30,690
Wj". &N.vV. February..
ber and November, and is ftirnished without extra charge K.C.
71,301
64,433
Kentuckv Cent, Fohnuiry..
C^R0N1CLE.
Extra
copies
the
of
subscribers
26,039
24.802
Keokuk
West.
February..
regular
&
io all
4,713l
Feb
3,758
wk
KluKst'n
&
Pen).
4th
arc sold to subscribers of the Cbroniclk at 50 cents each, Kno,vv. & Ohio. l)eceml)*r
40,.599!
39,890
45,H1S
35,327
1,. Erie* West.. 2dwkMch
and to others at $1 per copy.
1K,408
17,631
Lehigh & Hud.. February
13,469
The General Quotations of Stocks and Bonds, occupying I,. Hock & Mem. Istwk.Mchi 11,9(X»
174,869
165,432
Island
February
I-oua
*»JB pages of the Chronicle, are now published 07i the
39,001
33,508
l.a. & Mo. RIvei. Uecember.l
1S,5S4
19,461
I>ou!s.Ev.»t St.I.. Itli wk Ja)ji
tbird Sntiirday of each month.
2I3,2ST
254..522
..
256.1"
2,297,177
60,475
311.365
no,328
825,004
!
I
.
(
.
.
1.
266,187
2,139,4.51»
45,.544
53,80»
267,237
47,623
738,006
42,806
57,120
133,2Hl
51,518
22,340
144,010
54,075
21,941
.500,286
482,614
37,758
]20,09M
353,180
..
451,901
70,790
29S,37(I 3,429,667
I.oidsv.<k Naal)v. 2dwk .Mchl 346,215
3S,714
3S2,414
.Mch
35,875
I.OI1IS. N. OACh. 2d wk
5S0,036
30.S80
41,635
Lonlsv.N.O. &T. 2d wk Mch,
37.303
37,303
Louisv. South'n. lanuary ..
8,045
14,677
7,751
Mar. Col. it No.. February..
34,502
33.740
363,961
Memphis i.%Clias Istwk.Mch
99,335
1 'M.XU.
1,131.019
ti.Me.tlcan (;e)it. 2dwk Mch'
16,H85
1,327
San l/ouis Div. 2d wk .Mcli
291, 23(
188,721
553,824
;Me.\.N.,all lines February..
92,139
88,268
863,496
JMcxicau IVwav Wk Mch 9
37,622
57,771
461,979
Mil.I,.8h. &VVest 2d wk Mch
20,980
18.915
202,219
Milwaukee & No 2d wk McL
7,.597
5.803
16,112
Mineral Kanfre.. February..
95,000 109.234
178,390
.Mi)ineap. \8t.I.. Februai'j'..
462,976
893,623
Mo. Kan. & T<^x. February.. 452,631
931, ISl
842,283 1,853,616
Ml.s.souriPaeitlc. February..
277,7.50
215,992
.561,9,53
February..
Mobile At Ohio
275.627 248,835
568,707
Nash.Ch.ct.st.L. February..
32,12S
3,180
3,478
J>'ut*hez Jae.itc. 1th wk Feb
5S,(i21
.58.6,21
46,309
New Brunswick. .Linuary ..
13,747
26,920
11,517
New Orl. & Gulf February
;,461,7.30 2,586,483 5,171,880
N. Y. V. & II. R. February
1,921,291 1,890,183 1,924,291
N. Y. L. E. k W. January
469,402 409,210
469,402
N. Y. Pa. & Ohio January
391,539
412,571
412,.571
N. Y. & N. En»- .lanuary
41,423
38,660
84,3.35
N. Y. & Nonh'n. February
18,392
279.053
28,535
N. Y. Ont. & W.. 2d wk Mch
103,247
103,247 119,327
N. Y. Susq. & W. .lan\iary
110,436 101,921
992,709
Norfolk it West. 2d wk .dch
50,989
33,616
610,596
N'theast'n (s. .) December
164,749 452,'Wl
464,749
Ni irth'n Centra 1. J anuary
Northern Pacillei2d wk Mch 338,683 262,193 3,013,270
28,284
268,868
39,514
Ohio I ml. & W.. Istwk.Mch
72,002
763,70-1
83,511
Ohio & Miss
2d wk .Mch
6,561
90,407
9,770
Ohio River
2d wk Meh
2,131
2,231
15,298
Ohio Val. of Ky. 3d wk Feb.
33,764
38,880
38,880
Omaha ,fe St. L.. J.inuary ..
298,636
298,636 342,879
Oregon Imp. ( o. Jauuary
68,897
436,896
82,118
Oreg. R. & N. Co. 1st wk Feb
231,129
231,129 133,150
Oi-ojf. Short Line January ..
Pennsylvania .. .lanuary ..!4,52s,744 4,193,979 4,52S,744
12,352
141,359
12,931
Peoria" Dec. &Ev. 2d wk Mchl
32,019
42,671
42,671
January
Petersbur)?
258,.570
223,744
258..570
Phila. & Eric... .Tauna)-y
930,240
1,616,047
January
1,616,047
Phila. & Read's.
1,048,952 332,828 1,048,952
Coal&IronCo. January
12,664,999 1,263,068 2,664,999
Tot. both o.'s January
30,443
38,707
38,707
Pitts. Clev. & T. January
13,889
20,381
20,581
Pttts. Pain. & V. January
27,590
376,674
42.560
Ilttsb. & Wesfn 2d wk -Meh
27,54.1
317,608
25.205
Pt. Royal & Aug. December
36.723
335,573
41,169
Pt.Roy.it W.Car. Dooouiber
9,.s7;
21,799
8,310
Prescott it Ari-i. February
12,649
233,518
22,991
Rich, it All'Khy. Wk .Mch 16
227,488
2,077,8801
.Mch
265,660
cE.it Dau. Sy.s'iu l.stwk
24,087
20,004
24,087
Rich. & Petersb.l.lanuary ..
Koine W. it Ogd.: December. 267,368 264,161 3,337,353
218,9.53
22.309
24,130
St. Jos. & G. Isl. 2d wk Mch
202.401!
19,967
22,780
St.L.A.ifeT.H.B'a 2d wk .Mch
622.343
45,423
36,036
8t.L. Ark. &Tcx.l2d wk .Mch
1,037,621
92,243
104,541
St.L.& San Fran. 2(1 wk Mch
130,558
84,871
65,593
St. Paul it Dul'th Fi-bruarj'..
876,2.57
482,257 552,012
St.P.Min.it Man. 1-Ybruai'y..
17,307
1 96,908
16,244
St.Ant.AAr.Pass 2d wk .Mch
063,927
62,901
31,683
Deeeuilier.
Scioto Valley.
33,923
13,696
Seattle L.S.&F February
110,000
57,461
57,000
Shenandoah Val February..
134,588
South Carolina .Taiiiiary .. 134,588 127,577
..
465,65:J
356,3.57
33,582
[
j
RAILROAD EARNINGS.
Lalett
Eamingt
Jan. 1
Reported.
to
Latent Dale
BOADS.
18SS-9.
1Ve«fc or JJo
January
January
&
I'ac.
Atl.
Paeitte
Canadian
Cent. Br. U. P.
Bir.Co
,979,175
2dnk Meh
,12,S,S45
,222,983
8,975
316,368
36.994
80,999
7,675
316,040
134,192
45,032
7.266
44.723
..
Q. January ..
Lines conlr'l'd January ..
(f/).
&K.
III.
Chic.
2d wk Mcli
Chic. Mil. & 1st. P. 2d wk .Mch
Chic. AN'lhw'n. February..
Chic. & Oh. Riv. February ..
Chic. Pe. & .St. L. January ..
Chic.St.P.A-K.C. 4th wk Feb
Chlc.St.P.M.itO. January ..
Chic. &W..Mich. 2d wic .Meh
it
l-'ebruary..
Clcv.Col.C.&lnd February ..
Clev. &^^ariettu 2d wk Feb.
PvNav.
wk
\rchi
ti.
5 1.580
23.164
19.491
.50.000
|
AFt.W
lir. Kai).
&
Inrt..
Other lines.
..
Grand Trunk.
Chic, ArGr.Tr.
2d wk
2d wk Mch
Mchl
.
108,5.59
44,262,
4,408
Wk Mcli 9.
Wk Mch 9.
Wk .Mchy.
Det.Gr.H.&M.
Bousatonio
Januaiy
8,9371
290.611
49,5.57
92,359:
8,761
91,716
290,611
495,763
339,173
135,762
17i;,i;26
3,911
49,042;
31.rM)6
38.172
11,41s
26,370
322,520
5,.559
20,765
69,829
5,558
4S,942
33,26S
6.601)
21,709
251,69.S
32J,SS8
229,121
7,987
M4',093
620,075
292,123
159,753
97,119
103,296
1,272.366
339.-13(i
211,905
ll(i.-<0O
113,051
1
,,42S,424
SI. 164
20,<(88
(i5,OO0
82,604
23,496
71.775
415,506
4 IS, 1.52
99.559
52,903
1,097.514
112,(l-i9
3S,1S1
1,109.379
26,372
:i(l,162
IDO.SOO
127.693
01,063
496.220
266.450
143,350
6.3,777
502.377
7S.H5
(;s.c)S5
106,S(X) 1.324,600
250,000
21,ti00
57,016
74,6341
100,615
7,946:
1,30^.512
213. ISl
7 1.634
16,749
2 1.369
99,992
4,100
15,413,
377.935
45,57()
21,902
15,400
21,686
7S,(;69
1(!0.084
77.0.50
181.374
97,3S6
1,213,030
1,122,110
42.731
51,90l>
166,706
425.160
1511.090
377.935
472,151
4S(1,7I2
256,571;
2:;2.174
172,^27
103,464
1
50, 2.52
14,557
118,819:
367,137!
103,886!
39,818:
3,977!
235,289
411,119
37,SS1
313,4S,'.<
3.223, 11-i
7O.036
61,239
16.832
67,021
60 1,02
169,695
86,329
3,H35,633
3.217,7S2
105,211
646,832
9,625
64.16S
26,667
15,312
9.048
8.435
123,630!
8,952
10.3801
470.71:9
51 1,11s
366, ,634
246, ,227
,796
324,888
25,143
3.57.781
1!».709
i
l.l2l.i;75
1 3,723,320
554, 191
164, 565
i
56,600
176,600
February..
Whole Syst'm. February..
Gporsria Pacific, February..
IK'n.T.
,217, IM6
I
3'<l,o53
57,016
10.366
19,480
31,178
116,(W2
5,S2M
15,284
425,109
2d wk Mch
Ft.W.&Uen.Citv IstwkMch:
Den.T.&tiuir. February ..
Flor.
992,478
679.li5-<
473
833
103, 314
316, 368
1
86,329
.
!"
.
.
.
.
(
1
I
6l,s(;7
690, 695
1 3,177,
1 5,,838,
10S.S35
1,671.294
52,759l
41.0231
Flint.,tP.Marq. 2d
32,934
2,049.199
55.904
401, ,079
'.33,000
2(t,10o
.hinuiiry
13.). 316
.37.5271
Denv.
l;io (ir. 2d wk Mch
Deny. & li.O.W. 2a wk Meh
Dcnv.S.P'kiVI'ac January ..
Dct.BayC.&Aip 2d wk Mcli
Det. I.iuisV'.tNo 2d wk .Mch
Diilulhs.s.A All nil wk Jan
wk Meh
wk Mch
5111,363
158, 62 s
158.628^ 108.835
,916,205 1 ,671.294 1,916, ,205
54,-;, ,121
548,421
470,799
525 112
4-1,581
49.157|
4.50,500i 405,662: 4,212, ,910
,560,879' ,676,493 3,174 121
14 ,158
6,5S6|
3.335
25, ,124
25,124
21.709
381 103
39,889,
48,999
6,208
E.Teijn.Va.A:i;a. 2d wK- .Meh
3-9.106
79, IHl
3,S79;
33,085|
74.3H3I
lit
]i;7.',P.SS
58, 000
64,867
679,65,S
1
12'-'. l;is
6,808:
Col. Hock. V.&T. 2d wk Mch
Day.Ft.\V.,vtlii. February..
Fitcbburij
7C,I.7S6
2.916.112
49,155,
539,459!
Color. Midland.., IstwkMch
Col. AGreenv ..I February..
Col. & Cin. Mid.. 2d wk Mch
Evans, &ln<rplis 2d
Evansv. & T. II. 2d
2,1.-11,626
,s:;,3i8
140,984
H,468
1 0.507
35,300
39.417
13,087
30,030
.Mch
& Canton..
Clev.
393,291
722.114
316,522
653,631
70,144
.s,732
Cin. Pel. Ar .Mol). i'"('bruary..
Clu.\Val).>tMii-li. Feliruary..
IstwkMch
,088,352
82, .\\s
26,715
3,820
46,845
10,149
64,197
33,617
22,965
11,473
N. on. & N. K.' Istwk.Mch
Vicksb. & Mer. IstwkMch
VIcks. .ah. A- P. Istwk.Mch
Erlans^er Svst. IstwkMch
Clii.Kich.it I't.W 2d wk .Mch
Clev.Akron\-(J(il
1
84,573
499,794
584, 126
2,363, 08(>
715, 956
3,079, 036
115, 701
111, 671
382, 026
664, ,099
324, ,518
593, ,478
3(i6,634
Cin.Oa.A Ports.' February..
Cln.Ind.8t.L.& C, 1st wk.Mch
Cin. Jack. & Mac 2d wk .Mch
Clii. N. O. & T. P. 1st wk Mch
Ala.Gt.Sonth.l IstwkMch
wk
89, 189'
43,029
51,740
58.000
690,695
977,212
January ..
January ..
December.
December.
December.
January ..
December.
Cin.Wash.AIJait 2d
,807!
243! ,4501
181,690
94! ,597
80, ,951
isiiosii
151,051
1,979 ,175
i2o!628' 1,325: 121 I,3i9i377
181,6901
343,8"
January ..
Jd wk Mch
* No January
155,153
18,110
19 ,011;
,472,717 1 ,481,643
115,701
122,498
67.157
90,055
38,391
37.615
4(>.7SO
531 767
53,636,
130, 223
12,720
14.194
36, 041
36,041
32,934
235,000! 199,000! 2,183, 93 s
66, 50S
31,6941
27.984
.
Chic. Bnrl.
Chic. Burl,
$
169 ,069!
1,412, ,958;
129,103
41,223
60,156
Central otN. I.
Central Paeirlc.
Central of S. C.
Cent. Vermont..
Charlest'u & Bav
CUar.Col. & Ans. February..
Clieraw. & Uarl. December.
Chcs. & Ohio.... February..
Clie.^. O. & 8. W. February..
December.
Cheshire
Ches. & I^nolr December.
Chic. & Atlantic. 2d wk .Mch
.
9,911
..
Cp.F'r&Yatl.Val February..
Ccn.KK.A
155,15.5
..
B.iO.EastLiup.s February..
Wesloru I.lnus February ..
February.,
Total
Bait. & Potomac .lanuary ..
February..
Beoi'U C'rei"i{
Butr.Koeh.&Pilt 2d \vk Mch
Biir.C.Kap.A-Xo. Id wk Mch
Cairo V. & Cliic. 2d wk Mch
"Camden &
109,069
9,69.1
,112,9.JS
2,>i07
243,450
94,597
80,951
Atlanta ACliar. Dec^eniber.
Atlanta A- W.l't. February..
Atlantic
1887-8.
.1.
Allosliony Vnl.. lanuavy ..
Aflhv.& Spartan Fi'lirnary ..
Atcli.T. iS.lV.. .January ..
St.L.K.C'.*lol Jiinuary ..
Giilf.riil.A.-.S.l-. Iiinuary ..
Califoi'a Cent. .lanuary ..
CalU'or'a 80...
Tot. lines iiisys.f
,1888-9.
1887-8.
1
i
220,457
389.S01
35,526
2,910.864
5S2,701
177,737
67,021
.
1
(
I
'•
..
. .
!
.
So. l*acitlc Co.
1,002,100
2,312,672
3,314,772
Atlantic sya'm January ..11,002,1001 915,767
PaclBe svstem'January .'2,512,672 2,330,998
Total of all .. 'January .3,514,772 3,246,765
1,569
43.4751
Staten I. Rap. T. February ..
99,4941 121,719
Sumuilt Branch. February ..
91,773
t;3.7.52
Lykens Valley. February..
93,730:
219,0341
I
119.227
109,700
18.6S6
16.466
1 7.797
2d wk .Mch
17.138
2d wk Mch
36.530
2 wk8 Mar.
.laminry .. 1.918.103
11,050,
Texas & Pacillc.l2d wk Mch
Tol. A. A.& N. M.'2d wk Mch
February..
Tol. Col. & So.
T0I.& Ohio Cent.
Tol. P. & West..
Tol. St. L. & K.C.
Union Pacifie...
Total system.. January .. 2,1.57,676
161,984
it North' u. .January ..
43,695
Valley of Ohio.. February..
132.902
February..
Virsriiiia Midl'd.
521,779
Waba.sh Railw'y Decern
Utah
Wabash Wesfn. 2d wk Mch:
Wash. O.it West. Februai-y..
Western of Ala. February..
West. N. Y ii. Pa. 2d wk >leh
West. N. Car'l'a. February..
Jaiiuiiry ..
; West Jersey
W.V.<en.,t Pitts. February..'
Wheelim,' it I-.E. 'iA wk Mch
IJWlscondii Cent 2il wk Mch
103,666
3,939
47,17
54,500
71,723
82,939
34,114
16.609
6t>,.54
131,9.52
1,173.608
174,032
1.52,9<16
:mo,27«
580,640
75,661
.3,171,01'.S
354,458
5'i3,B01
15,230
336.208
l,24-t,4UO
366.854
801,826
347,426
173,121
12,310
195,8.%
918,099
1,631,524
418,202
519,041
20,060
46,309
32,962
5,303,187
1,890,183
469,210
391,539
78,933
237,320
119,527
912,826
5.50,949
452,441
2,130,616
265,694
745,065
67,837
15,815
35,764
342,879
341,495
133,150
4,193,979
132,787
32,019
223,744
930,240
332,828
1,263,068
30.443
13,889
323.785
320,404
301,665
17,222
1 10,2.35
1,926,299
20,0<14
3,222,607
200,782
191,851
527,575
965,569
149,382
1,034,433
1.54,575
789,125
108,561
127,577
015,767
2.330,008
3,246,065
84r'J51
278,602
194.115
1,219,315
110,2,56
23,140
2 11.414
175,798
179,498,
173,111'
85,460
"832' 1,018,103 1,727,832
1
2,168,.543 2,437,676, 2,108,543
lt!l,9S4
120,431
120,451
78,a58
10,012
87,203
263,1H3
277,264
129,914
6,549,S48
6,933,602
546,796
951, '278
93,514; 1,093,486
13,188
6,17'.
12,810
13,074
3.5,206
194,233
14,263:
17,037,
17,316'
51,4231
52,100!
56,891
107,41)S
100,86;*
569,890,
134,190,
530,223
107,565
837705
74.411
170.345
596,654
82,959
85,703|
36,7371
113,131'
170,863-
16,123
58.562
613.429
All lines Included.
currency.
branches.
J Mexican
half ownership la held.
t Including lines in which
6 Including in 1889 Ouadalivlara branch.
r Earnings of entire system, including all road operated.
</ Including Chicago & Indiana Coal.
*
And
II
1
..
. .. ...
.
.
THE CHRONICLE.
896
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up as
owing
year is unusually favorable,
to the bad weather conditions then prevaUing. Tlie gain for the
second week of March reaches 14'51 pier cent on the 56 roads
which have thus far reported.
The comparison with
last
1889.
1889.
1888.
60,156
38,394
53,636
12,720
235,000
44.723
49,157
450,500
26,715
10,149
8,468
39,417
6,208
52,759
133,000
20,100
10,366
19,480
116,682
5,826
15,284
54,580
23,164
44,262
4,408
51,740
37,615
46,780
14,194
199,000
37,527
48,581
405,602
25.143
9.625
vitek of March.'
Decrease.
Increase.
$
Atlantic & Pacific
Buffalo Hoeli.& Pittsburg.
Burl. Cedar E. & North. ..
Cairo Vln.A Clilc
Canadian Pacific
Chicago * Atlantic
&E.
Chic.
Ills.
&C.& I.e.
Chicago Mil. & St. Paul. ..
Chlcaeo & West Mich
Cincinnati Jack. & Mack.
Cincinnati Ricn. & Ft.
Oln. Wash. &. Bait
Col.
W.
Cm. Midland
<fe
CoL H. Val. & Toledo
Denver & Rio Grande
Denver & R. Gr. West....
Detroit Bay C. <fe Alpena.
Detroit Lang. & North
Bast Tenn. Va. & Ga
£van8vlUe & ludianap.
Evansville &T. H
Flint <fe Pere Marquette.
Florida Ky. & Nav. Co. ..
Grand Rapids & Indiana.
.
Other lines
Iowa
Central...
33,26e;
Kanawha & Ohio
4,778
& Western
I<oaiBvllle & NaBhTllle
loulsvUlB N Alb. & Chic.
lionlsv. N. O. &Tex
Mexican Central
Milwaukee L. Sh. & West.
Milwaukee & Northern
K.Y. Ont. &West
Norfolk & Western
Northern Pacitlo
Ohio & Mississippi
Ohio Elver
Peoria Dec. & Evans
Pittsburg & Western
"Klchnicnd & Alleghany.
Bt. Joseph &Gr. Isrand...
Bt. L. Alt. & T. H. Brchs
St. Louis Ark. & Texas...
Bt. Louis &8an Fran
San Antonio & Ar. Pass..
Texas APaclflc
Toledo Ann A. & No. Mich
Toledo & Ohio Central
Toledo Peoria & Western
Toledo St. L. & Kau. C...
Lake Erie
45,818
346,215
38.714
50,880
9S»,33.i
57,771
20,980
28,535
110.436
338,683
83.511
9,770
12,951
42,560
22,991
24.130
22.780
56,036
104,541
16.244
119,227
18,686
17,797
17,138
18,150
103,866
54,500
16,609
66,542
.
.
.
Wabash Western
Western N. Y. &Penn
Wheeling & Lake Erie
Wisconsin Central
Total (56 roads)
Ket increase (14-51
'
3,538,396
8,416
779
6,856
1,474
36.000
7,196
Net...
Oct. 1 to Feb, 28 (Gross
524
484
8,952
38,172
5,558
48,942
106,800
21.600
7,946
16,749
99,992
4,100
15,413
45,576
21,902
39,818
3,977
33,716
3,495
35,327
298.570
35,875
41,635
129,334
37,622
18,915
18,392
101,921
262,193
72,062
6,561
12,352
27,590
12,649
22.309
19.967
45,423
92,243
17,307
1,245
1«(
first
129
9,004
1,262
4,444
431
450
1,283
10,491
47,645
2,839
9,245
29,999
9
Frev'ly report'd (62 roads)
Burl. C. E. & Northern . .
Oln. N. O. & Texas Pac...
Alabama
Gt. Southern
New Orleans & N. E....
yioksburg & Meridian.
Vioksborg Shrev. & Pae.
Cleveland Akron & Col.
Oolorado Midland
BastTeun. Va.&Ga
Fort Worth & Denv.Clty..
•Grand Trunk of Cansida
'Chicago & Gr. Trunk.
•Bet. (irandH. &MU...
Kansas C. Ft. S. & Mem
Kansas C. Clin. & Spr ....
Uttle Eock & Memphis ..
Memphis & Charleston.
Ohio Indiana* Western.
Ban Antonio & Ar. Pass.
1,821
2,813
10,613
12,298
1,063
9,52
7,636
3,534
101
9,200
8,152
2,400
3,090,121
.
St. L.
&Kan.
C...
Total (82 roads)
$
4,656,384
et increase (14-83 p. o).
•
*
Including Chicago
$
1,412,958
379,302
2,807
def.3,426
181,690
shows a gain
Decrease.
$
S
24,971
151,051
46,508
1,834,764
373,589
line, St. .loseph
ER., Chicago Kansas
—
owing to the extraordinary circumstances pertaining to the year 1888, and the loss
of net earnings, which was quite without precedent in the
history of this strong company. The report of Mr. Charles E.
Perkins, President, is given at length on subsequent pages,
tmder " Reports and Documents," and among other matters
will be found in the concluding remarks of the report a brief
account of the relations of this company to the Cliicago
Burlington & Northern.
The comparative statistics for four years, compiled for the
4,091
44,293
8,797
2,877
8,767
105
Cheonicle, are as follows
:
KOAD.
3,569
762
11,230
Miles owned & leas'd
Mlltsoperat'djointiy
10,01
630,599
601,244
Total operated...
29,355
1885.
3,534
1886.
3,914
1887.
4,571
1888.
113
122
122
160
3,617
4,036
4,693
Baltimore & Ohioft
Lines E. of Ohio R. Gross. 1,128,815 1,088,352
Net...
280,308 286,945
Oct. 1 to Feb. 28 i Gross.
S months
)Ne.t.
XJnes W. of Ohio R. Gross. 343,872 393,291
Net...
28,372
61,851
Oct. 1 to Feb. 28 Gross.
ffi
.
1
S>
months
J
Net...
........
.,.,...,
(
»
2,363,080
611,539
6,278,639
1,890,929
715,956
40,843
2,019.228
319,459
1888.
.*
2,181,626
521,847
6,295,054
1,973,770
764,786
87,719
2,067,407
366,034
4,757
4,917
OPERATIONS AKD FISOAX RESULTS.
Neteamings
--Jan. 1
1889.
& Western
—
1885.
5,134,312
8,431,808
1886.
5,213,595
8,534,708
P.C. of op.cx. to earn
*
1887.
5,750,348
9,752,325
$
$
$
*
5,633,261
19,367,935
1,727,212
6,629,859
18,675,655
2,270,564
6,146,121
15.434.035
2,159,011
26,556,425
14,405,768
26,728,408
14,491,683
27,576,078
16,097,913
18,882,460
12,150,657
54-25
12,236,725
54-22
11,478,165
58-33
4,906,707
79-37
Not including those carried on mileage or seasen
INCOME ACCOUNT,
1885.
ReceiptsNet earnings
Interest
and exch..
NetB.<6 M.I'd gr't..
Total income
1888.
5,968,148
9,056,665
5,286,407
19,565,854
1,704.164
does not correspond with the calendar year.
,
151,051
46,508
6,052
est for the holders of railroad securities,
For week ending March 9
February.
1889.
1888.
181,690
94,597
19,547
80,951
Chicago Burlington & Qiiincy Railroad.
{For the year ending Dec. 31, 1888.)
This prominent railroad corporation of the West a type of
the most prosperous class of American railroads has issued
The Burlington Conipany
its annual report for the year 1888.
has probably never issued a report which carried gi-eater inter-
OperationsPassengers carried*
Tons carried
.
243,450
def.22,986
Arizona and Souora.
Net Earnings Monthly to Latest Dates.—The tables followKarninga—
ing show the latest net earnings reported this week, the Passenger
returns for each road being pubUshed here as. soon as received Freight
but not kept standing from week to week. The figures cover Mail, e.'£pre88,&o
the latest month and the totals from January 1, and also the Total gross earnings
totals for the fiscal year on those companies whose fiscal
year Oper.exp.A taxes..
'Roads.
74,411
27,628
>—Jan. 1 to Jan. 31.-»
18881889.
ANNUAL REPORTS
478,268
13,051
29
6,950
7.653
2,425
297
1,669
12,320
17,001
4,055,140
def.5,421
35,099
Increase.
3,174,869
43.324
64,168
26,667
22,96.')
15,312
11,473
9,048
8,732
8,435
13.087
11,418
33,085
20,765
119,240
102,239
19,491
15,400
357,781
313,488
70,036
61,239
19,70»
16,832
75,431
66,661
4,168
4,063
11.900
15,469
34,.'i02
33.740
39,514
28,284
15,3-^0
14,535
18,380
8.366
39,424
278,692
49,451
194,115
144,411
9,325
1,979,175
314,137
387,914
1,916,205 1,671,294
378,643
453,879
470,799
548,421
143,648
Net .. 156,1.71 143,648
156,071
Cln.Jackson&Mack. Gross.
43,217
33,03ft
33,036
43,217
Net...
3,958
3,958
162,605
146,353
Gr'd Eapids <fe Ind'a. Gross.
162,605 146,353
25,491
Net...
51,868
25,491
51,868
512,042
Mexican Central
Gross.
Gross
495,156 512,042
495,156
253,310
210,314 253,310
210,314
Net..
S.Pac.Co.Pac.Syst'm.Gross. 2,512,672 2,330,998 2,512,672 2,330,998
581,424 68-.;,822
682,822
Net...
581,424
Gross. 3,514,772 3,246,765 3,514,772 3,246,765
Total Of all
93-.',476
Net...
870,032 932,476
870,032
New Mexico &
483,374
448,275
1888.
1888.
Net...det.22,986
CalUornla Central. Gross.
94,597
Net...
19,647
California South'n. Gross.
80,951
Net...
6,052
Total lines fully controlled—
Gross. 1,834,764
Net...
378,589
486
7,980
3,628,166
56,375
64,197
33,617
.
Toledo
1889.
—
248,97ff
Gross.
144,411
Net...
9,325
Gross. 1,979,175
Grand total
Net...
387.914 314,137
CMC. BurL AQuincy. Gross. 1,916,205 1,671,294
Net...
453.879 378,643
Lines controlled... Gross.
54?, 421
470,799
599
11,050
14,263
17,037
8,950
95,514
52,100
16,123
58,562
609,56ff
8,362,461
2,339,804
52,90a
12,171
253,713
80,524
62,531
19,130
1,873,271
494,215
84.351
2,658
Atchison's half
14,970
10,342
109,70(
652,382
Roads jointly owned—
20,149
2,065
10,143
8,515
76,490
11,449
3,209
.
2,946,412
3,079,.036
8,297,867
2,210,388
26,370
58,181
15,272
6,465
January
Boads.
Atch.Top.&San.Fe*.Gro88. 1,412,958
Net...
379,302
St. L.Kan. C.& Col. Gross.
2,807
Net .. def. 3,426
Gulf Col.&San.Fe. Gross.
243,450
16.
1889.
63,75a
11,638
54,114
15,988
1,500
week
week of March.
31365
.
2,420
2,731
16,690
1,728
of March the final exhibit
of 14'83 per cent on 83 roads.
For the
&
99,494
Net...
Pitta. Gross.
Net...
--Jau. 1 to Feb. 28—.
1889.
1888.
252,914
77,435
34,726
80.262
12,558
37,957
915,468 2,040,999
230,805
710,995
41,569
93,750
2,680 def.1,608
263,035
22,168
121,719
219,054
18,500
46,488
151,952
94,773
2,443
10,181
36,737
115,134
13,497
33,728
43,806
2,496
(Net...
Gross
Net...
Gross.
Lykens Valley
3,817
26,200
p. c).
For week ending March
30,030
^
Btat'n I. Rapid Tr'nslt. Gross
Net...
Oct. 1 to Feb. 28) Gross.
W.Vir. Cent.
650
348,796
Net...
8,562
Gross.
Smonths
J Net...
Det. Bay City & A.. Gross.
41,347
Net...
20,055
Illinois Central
Gross. 1,047,147
Net...
380,017
28
Summit Branch
44,838
1,572
308,680
5 months
(Net
Cleveland & Canton. Gross.
5 months
576
.
1888.
Gross. 1,472,7171,481,643
all lines
.July 1 to Feb.
2d
February
.
Total
follows:
XLVni.
[Vol.
1886.
tickets.
18S7.
$
$
$
12,150.6.57
12,236,725
615,342
846.771
13,698,838
11,478,165
859,055
567,08 3
12,904,303
592.432
98 5,796
13,728.885
23,71-9,167
1888.
*
,^
4,906,707
169,601
408,55»
5,484,86*
1
Habch
THE CHRONICLE.
38, 18rO,|
$
9
DlvldendH
Rate of (llviitomlH...
4,391. cat
8
8
6,110,722
s
198,168
4,587,702
6,111,004
103.709
5.111,527
3,810,578
8
$
$
9
193,215,771 201,391,637 217,081,993 224.209,909
Total
—
Stock, common......
Bond.'^
I<6ud f^rant sluk.
I'd
Other sinking funda
70,384,525
70,913,508
5,748.770
4,790.215
6,0U,000
Coutln(:cntliablllt'g
Renewal fund
MUcellaneona
Frotit and loss
Income account
8,000,000
2,770,741
0,223,030
12,307,370
70,380,525 76,392,505
73,528,708 85,25,'i,708
0,375,568
7,000,137
5,696,167
6,421,067
6.011.000
0,011,000
9,000,000
9,000,000
4.094.518
5,920,743
6,507,879
0,120,700
13,740,972 15,248,127
76,39.'»,505
92,753,708
7,462,116
7,358,2»7
0,912,2>ll
„
and ezohange
Balance
St.
193,215,771 201,391,637 217,681,993 224,26.5,909
Total
Includes Han. & St. Jos., Kan. C. St. Jo3. & C. B., Chlo. Bur. A No.,
CUlc. B. & K. C. St. L. K. & No. W., and others.
In 1«W8 made up as follows: Bills payable, $3,230,000; Interest
due Jan. 1,1889, $1,22 J.338; unpaid vouchers and pay-rolls, $1,18 7,145; ciuccnt accounts, $1,366,317.
I
Cleveland Columbus Cinciuuati
CFor
&
Indianapolis Railway.
the year ending Dec. 31, 1888.^
The report of President J. D. LajTig says that the earnings
combined lines have fallen off §444,596, of whicli §135,047 is from interest and dividends, being mainly the result of
not charging to the Indianapolis & St. Louis Road the interest
on the advances made to that company, leaving the actual de-
LoniB Alton
over
§.364.000.
"The
litigation
with the
St.
Louis Alton
Company,
&
Terre Haute
referred to in the annual report for 1887, has been
decided by the United States Supreme Court in favor of this
company. This result removes the last obstacle in the way of
eliminating from om- balance sheets the large item charged
against the LudianapoUa
St. Louis Road mider its various organizations
pursuant therefore to the final decree of the
Court, closing up the receivership of the Indianapolis
St.
Louis Railroad, and by order of the board of du-ectors by resolution passed December 27th, 1888, the accounts of the Indianapolis
St. Louis RaUroad and Receiver appearing as a.ssets
on the books qf the Cleveland Columbus Cincinnati
IndianapoUs Railway Company were closed into profit and loss.
The
accounts so closed out. and which heretofore have appeared as
assets on the balance sheet of this company, are as follows
&
;
127,87*
f2,023,*fa
$797,001
Terre Haute RR.
St
Advance
sults below:
CAIRO SHORT LINK
DIVIRIOIT.
The earnings, expenses and
Qross earnings
Oper. expenses and taxes
rentals were as follows:
1885.
1886.
1887.
1888.
$760,316 $803,990 $062,480 $949,307
397,347
408,895
521,079
548,511
Neteamlngs
Bent of leased roads
$368,969 $395,095 $441,401 $400,796
203,381
214,482
255,883
249,936
Net revenue
$165,588
$180,613
$185,518
$150,860
The general results of the year for the St. Louis Alton &
Terre Haute Company are compiled for the Chronicle as
follows:
OBNBKAI. FINAMCIAI. RESULTS.
1885
lt:86
1887
1888.
4.50,000
2,555
450,000
185,520
2,437
633,108
637,957
603,400
line expenses
payable retired, Ac ... 23,0t>2
equip. A betterments ..
3,760
409,000
10,070
36,790
60,340
469,000
9,383
128,998
31,581
469,000
18,042
505,725
Balance
117,588
Dividends on pref. stock. ...172,788
576,800
56,368
61,710
638,962
def. 1,005
538,182
65,218
55,539
5,342
def. 1,005
Receiptt—
$
From rent of main line
$
450,000
Branchei', net over rentals. 165,587
From interest, Ac
7,726
450,000
180,613
623,313
469,000
9,903
Total receipts
DeduetInterest ou funded. debt
Main
Bills
New
Total deductions
def.
of the
crease in earnings §309,548.
The decrease in freight earnings amounts to §4.59,381, and
the increase in passenger earnings is §154,566. There is a small
increase in the mail earnings and a small decrease in the revenue derived from express matter and rents. The falling off in
freight earnings was caused chiefly by a decrease in the rate,
the tonnage of the combined lines showing a decrease of 1 '72
per cent, while the revenue has decreased 8-48 per cent. These
results were brought about by the disastrous rate wars extending over the entire west during the last four months of the
year. The actual loss in earnings from this cause amounts to
644,8W
I^For the year ending Dee. 81, imi.J
slieets of the report for the year 1888 show the re-
.
'
i,oee,Ms
$389,993
9,000,000
17,006,832
6,466,409
10,916,701
18«7.
•104.3M
1,054,120
644,300
Cr. 8,507
$7,891,091
Total taxen. Interest and rentals
8
B8.. 0(Hilp.,4o
140.750,590 154,912,543 170,044.030 175,337,120
Blocks &l.'d8 owned 26,920,961 2«,«S5,933 27.273,060 •27,4(!7.'iS5
4,«2ii,.l30
5.901.329
4.684,104
Curr.nt accounts...
6.201.406
1.814,187
2,738,500
Maturia's.hiel.ic
1,858.026
2,579,791
ChmIiuu build
2.120,357
2.137,152
3.003,529
2,498,305
9,051,268 10,804,491 11,760,512
Slnkiug fimds
8.331,197
Liabititieg
1888.
$201,713
Irands
Rentals
Interest
691,474
Total dlsburHomeuta 12,23!«,436 12,325,238 11,397,148
9.810,288
Balano©, surphig....
1,373,602
1,507,155 df.4,331,428
1.130,J49
(JKNKHAI. IIALASCB AT CLOSE OF BACH KI8CAI, VEAR.
1886.
1887.
1885.
188S.
Auett—
Deduct—
T»xe»
Interest on
5
600,154
070,295
1,000,000
1,000,000
1838.
9
1S3,215
187,171
i,Wi,'Z03
6,110,572
040,430
Carried to eiiik'K f'd.
Can'U'dtorenow'lf'd
1887.
1880.
188S.
DitlnirtcmenU—
Rentiils imid
luterratoii debt
397
35,200
def.
BALANCE SHEET DECEMBER
Dr.
$
180,860
2,540
659
50,48
SOT.
9,679
31, 1888.
Cr.
Property account
$1 3,125,400 Mortgage bondc
Sinking Fund Trust...
1,184,727 Diviciend bonds...
C.ish in New York
148,960 Common stock
Cash in St. Lodis
10,099 Preferred stock
$0,700,000
1,337,000
2,300,000
2,468,400
Accrued interest
134,750
Unpaid coup, and div..
13,920
Burplus in sink. fund..
1,184,727
Pref. stk div.Jan. 1889
24,684
Balance inc. account.
291,712
$14,475,193
There was charged
oflE
$14,475,193
during the year to profit and
loss
the
&
St. L. R. R. Co. which were
of claims against old I.
declared not g<x)d by the decision of Supreme Court of United
States §532,414 04; this accounts for decrease in income
account balance, which now represents the equipment purchased with the old equipment bonds that were canceled, and
amount
is
not a cash asset.
Elizabethtown Lcxingfton & Big Sandy Railroad.
fFor the year ending Dec. 31, 1888.^
The report of Mr. Joseph P. Lloyd, President, says that, as
compared with the operations of 1887, there is a decrease in
&
the gross earnings of §106,384, or 9'54 per cent. The failure of
the wheat crop in Kentucky, and the low rates east on dressed
beef, materially reduced the earnings from tlirough freight, and
&
the inabiUty to supply cars also operated to diminish the
through traffic as well as to retard the development of local
&
The operating expenses decreased §20,463, or 2'89 per
trafBc.
cent, and absorbed 67 '98 per cent of the gross earnings, as
The expenditures for car hire
against 65-13 per cent in 1887.
and repairs and renewal of cars, locomotives and bridges have
I. ifeSt. L. RR. Co, Stock
$300,000
I. i£ Sr. L. KR. Co. 2d Mortgage Bonds
458,7,50 been quite large, and other considerable expenses were mcurred
I. it St. L. RR. Co. E(iulpment Bonds
21P,000 in improving the company's property.
I. &8f. L. RR. Co.'s Notes
922.115
Tlie rejjort says in conclusion: "Among the items embraced
I. ifeSt. L. K'y Co.'s Notes
3,270,000
in our fixed charges is one of $41,650 for rental for locomotives
I. & St. L. RK. and receiver's advaucen and bal of aceouuts. l.:U3,037
Add value of 13 I. <fc St. L. RR. 2(1 MortftaKe Bonds, unreand cars hired from our connections. As the withdrawal of
deemed, payment assumed by tlie C. C. C. <tl. R'y Co
5,851 this power would have seriously embarrassed us in our operations, it was necessary to increase our equipment, and we nave
, Total
$6,518,383
In lieu ot which this company has received from
added two 17x24 passenger engines, seven 18x34 ten-wheel
the (reorKanized company) Indianapolis & St.
freight engines and 124 box cars, costing in the aggregate $108,Louts R lilway Co its securitlea, which now ap278, wliich has been charged to the capital account of the compear as at^.setp. as follows:
pany. Two new iron bridges, aggregating 432 feet, have been
I. ASt. U R'y Co. Ist Mortgage Bonds
$1,500,000
I. ASt. L K'y Co. Stock
,500.000
erected, 1-93 miles of additional sidings have been laid, and
other expenditures for construction and improvement, amountTotal
2,000,000
ing in the aggregate to §41,074, have been made during the
Leaving the balance charged into profit and loss, as sbown
year, which Tias also been charged to the capital account of the
by the income account
$4,518,383 company.
"The arrangement with the 0. &0. By. Co. for the use of
In the Chronicle of March 9, on p. 324, the comparative
statistics were given for the C. C. C. & I. road proper for the its road from the west bjink of the Big Sandy River to Huntyear 1888. From the atmual report just to hand the earnings ington, W. Va., by tlie trains of this company will continue as
in the past.
In exchange therefor tliis company has given the
of the whole system are given below, including the C. C. C.
C.
O. Ry. Co. trackage rights for their trains over that porI., the Indianapolis & St. Louis and the Cinn. & Springfield.
tion of this company's road from the west bank of the Big
COMUIMEO EARMNOS AND E.\I-ENgK.'«.
^ndy River to Ashland, Ky."
Eamingg—
1S8S.
1887.
The earnings and expenses, and the income account, for four
Freight
$4,958,039
$5,417,940
Passenger
2,160,804
2,(J0H,'.'37
years were as given below
Mall
153,382
152,374
BARSINOS AND EXI-ENSES.
Express
166,219
18(-5.
172,037
1886.
1887.
18{8.
Sarningt from—
KcntB
$232.:V24
114,386
$176,155
$228,464
116,391 Passengers
$160,975
Interest and dividends..
731. S73
55,979
191.027 Freight
734,143
516.310
849. ('.88
:
;
,
&
&
:
Total earnings
Operating expenses
Openit ng oobt
Net earnings
Hail, exprees,
$7,011 412
.5.329.7'27
(70-0:: p. c.)
$2,281,085
Ao
29,184
29,501
3-.',861
45,982
$?.O,'^0.0O8
5,2:i.-|,730
164-99
1'.
0)
$2,820,278
$706,409
Total earnings
Operatingexpenses.... 433,095
$937,528 $1,115,073 $1,00^.689
609,908
706,219
683,766
Net eamlnga
$327,620
$272,774
$408,884
$322,933
—
,
THE CHRONICLE.
398
1886.
1887.
Net receipts (incl. mis.) $273,248
Dubursementt—
$333,616
$117,999
$196,920
19.200
20,000
$264,754
19,200
29,066
$196,920
Interest on bonds
9,248
13,508
19,167
30,000
10.988
Tot. disbursements... $245,368
$326,528
$7,088
$257,046
$160,953
Bentalfl
Taxes
Miscellaneous
BaUnoe,
$27,880
suriilas
Colorado Coal
&
11888.
•28,520
$3-28
ZLVm.
GENERAL INVESTMENT NEWS.
INXOME ACCOUNT.
1885.
[Vol.
—
$196,920
60,251
30,047
14,798
Called Bonds. The following bonds have been called for
payment:
Cleve. Col. Cin. & Ind.— Eighty -seven Consol. Mort. bonds,
the numbers of which are given in our advertising columns.
They will be redeemed Jime 1, 1889, on which &,y interest
$302,019
$26,501
will cease.
Iron Co.
("For the year ending Dec, 81, ISSS.y*
Tlie report of the President. TT-. Edward J. Berwind, says
The amovmt expended for construction, equipment, &c.,
during the year is as follows: Coal department, $146,677
coke department, $299 iron and steel department, $57,572
iron mines department, $6,055 real estate department, $29,603.
Western Railway
The total amount advanced to the Aspen
Company, up to close of year, was $346,031, being an additional expenditure for the year for this account of $95,000.
"The Aspen Western Railway, which was built for the purpose of transporting coal and coke from this company's mines
at Thompson Creek, was completed during the past year, and
Rio
has been leased under a traffic agreement to the Denver
Grande Railroad Company. As the mines at this point have
not yet been sufficiently developed to admit of shipments, there
has been no revenue derived from this enterprise. Tliis comWestern Railroad to
pany holds securities of the Aspen
cover advances made for construction."
The iron and steel department of the company suffered with
the general depression and unprofitableness of this industry in
The workings of this departall sections for the past year.
ment show a net loss of $5,834.
Tlie blast furnace was kept in operation throughout the
year, but its production was reduced to 20,599 net tons, against
a production of the previous year of 25,293 net tons, wliich
was owing to the fact that it was badly in need of repairs.
This furnace was shut down in December. The new No. 2
furnace has been completed, with a capacity of 120 tons per
day, and total expenses to date have been $234,366, of which
expenditure $56,043 has been made the past year.
The iron mines owned by the company have been operated
during the past year and have shipped 26,615 tons.
The total output of coal and coke were: Of coal, 739,678
tons, a- decrea.se of 17,741 tons.
Coke product was 137,482
tons, a decrease of 13,215 tons.
The President says that the moneys expended in the acquirement of coal properties, while they have not added greatly to
the profits of the past year, have strengthened the position of
the company, and should at an early date become new sources
of income. Having sufficient coal properties for aU present
purposes, any outlay for the coming year wiU be largely confined to completing the payments and perfecting purchases.
Tlie company has expended in the past year $147,696 in developing its coal lands and completing the payment upon purchases already negotiated.
During the past year the Missouri Pacific Railroad Company
and the Denver Texas
Gulf Railroad have completed their
extensions to Pueblo, and there is every assurance that the
location of the Union Depot on the south side upon the land
which was donated for that purpose has been settled upon. An
active demand has been developed for town lots both upon the
Mesa and adjacent to it. The real estate agents state that the
demand is a legitimate one, and is not in any sense a boom.
The sum realized from the sale of land and town lots durin"
:
.
Hous ATONIC. —The
per cent roUing stock certificates
issued in 1881, due July 1, 1889, will be paid at the office, 36
Wall Street, at par and accraed interest, on presentation.
five
—
—
Louisville & Nashville Cecilian Branch. Twenty-five
mortgage bonds, $1,000 each, will be redeemed Sept. 1,
1889, and interest wiU cease on that date.
The numbers are
first
;
;
;
83, 93, 164, 172, 191. 287, 305, 339, 340, 343, 405, 446, 503. 531,
643, 654, 6C6, 696, 703, 876, 890, 914, 923, 950, 995.
;
&
&
&
&
&
"
1888 was $128,341.
Tlie general remarks state that the number of Colorado Coal
Iron Company bonds belonging to the sinking fund and in
the trustees' hands represent $112,000 par value, an increase of
$33,000 during the past year.
" While the results for the past year have been unsatisfactory, owing to the demoraUzation of railroad rates at points
east of Colorado, which enabled shippers of steel, iron and
coal to invade territory that naturally should be supplied from
Colorado, we hope and believe that, with adjusted rates outside of this .State, with improved business conditions, the
&
change of management and economies which
it is
proposed tn
enforce, the results for the present year will be much more
gratifying."
EAKJUNGS AND EXPENSES.
-1887.1888
Gross
Net
Gross
Net
Earnings.
Karnings. Earnings. Earninps
Coal* coke department. $1,391,057 $323.5S1 $1,316,917 $211 5SS
Iron and steel dep't
1,3P2.149
209,410
790,528 loss fi's'si
geal estate dep't
29,14:1
9,3,50
19192
12 °3q
MlsoeUaneouseam'gs....
6,527
6,'i26
75,984
751984
—
Canadian Paciflc. A dispatch from Ottawa, March 31,
" The Canadian Pacific bill came Ubfore the Railway
Committee on Friday and has been remodeled. A new feature
said:
introduced is a provision that the debt conversion before taking efl;ect must be agi-eed to by two-thirds of the shareholders.
In the former biU a majority consent was all that was necesA change was also made with regard to the disposition
sary.
The company is to be allowed to issue
of new debentures.
four per cent stock to the extent of $109,000,000, as formerly
proposed, and to bond the road for a further $2,500,000 a mile.
But the clause allowing the company to secure, by the issue of
further debentures, amounts required for the construction or
acquisition of branch lines and for extensions is struck out."
Denver & Rio Grande. — The following
ment preliminary to the annual report:
is
an
official state-
1888.
Miles of road operated
Gross eamiufrs
1,463
$7,668,654
5,104,681
Operating cxpeuscs
Net
Other income
1SS7.
1,347
$7,983,419
4,742,048
$2,563,972
$3,241,370
25,388
$2,563,972
1,878,716
$.'!,2fi6.758
Balance
Dividend on preferred stock
$685,255
295,025
$1,570,050
1,182,^00
$389,630
240,906
$387,550
Income app'ied
$148,724
J137.026
Total net
Interest, taxes, &c...
to
betterments
Surplus
1.696,708
250.524
Denver South Park & Paciflc— The terms of adjustment
by the Union Pacific with the bondholders of this company
The agreement, however, was given in
are just published.
the Chronicle from early information as long ago as FebruThe new bonds are gold 4}^ per cent colary 2. on p. 159.
lateral trusts issued by Union Pacific.
East Tennessee Virginia & Georgia— Memphis & CharlesSome time ago the minority stockholders of the Memphis
& Charleston Railroad filed a petition in the Chancery Court at
Huntsville, Ala., praying for an injunction restraining the
stockholders of the East Tennessee Virginia & Georgia Railroad from voting the stock of the former road. Among other
things, the bill alleged that under the law the East Tennessee
ton.
—
Company could not vote the stock of the Memphis & Charleston road, and that the lease which they expected to renew was
in violation of the charter of the road. In December last the
case was argued before Chancellor Cobbs, in Birmingham, Ala.
on demurrers filed by tlie East Tennessee Virginia & Georgia
Comjjany. Chancellor Cobbs has had the case under advisement since that time, and in his decision, just made. Chancellor Cobbs sustains every point made in the petition of the
He holds that while one corporation may own the
plaintiffs.
stock of another, they have no right to vote it under the laws
of Alabama. The Chancellor also decided that the control of
the Memphis & Charleston road by the East Tennessee Virginia
& Georgia is a violation of the charter of the former road.
ti New York Messrs. Hoadley, Lauterbach & Johnson,
counsel for the East Tenn. Va. & Ga. Railway Company, state
that the decision is simply that of Chancellor Cobb, of Alabama, oveiTuling the defendants' demurrer to complainant's
It is in no sense a judgment on merits.
bill.
Defendant has
leave to file an answer and the case will come up regularly
In the meantime defendants have taken an appeal
for trial.
'from the Chancellor's judgment to the Supreme Com-t of the
State.
—
$709.i<40
a„..,.i„.
Burplna
$132,321
Royaliles earned and credited to coal,
coke nnd real estate capital accounts
duriDK the year, include 1 )n operating
$210,720
$342,294
Houston & Texas Central. Coimsellor Tweed, of the
Texas Central Railroad Company, is reported as
Houston
saying: "Tlie accountants have completed their compilation
of reorganization expenses, and the floating debt and the
$293,922
amount of assessment will be declared within a day or two.
The reorganization plan provides for the issue of new stock to
$29^3^9''>2
stockholders paying the assessment, but they get no bonds or
6;225 anything else to represent the assessment.
If the stockholders
do not avail themselves of this riglit to stock in the new coms-3oo,i4i>
$209 940 pany, the floating debt will have the right to the stock on payi Sba
ment of reorganization expenses, which include back coujwns,
9042 and if the floating debt does not do this, the Central Trust
5,30.>
Company may disjwse of the stock for the reorganization ex$225,647 penses. I can say that the assessment will be larger than any
$74,502 amount yet stated, that is, more than 30 per cent."
$60,657
$96,019
International & Great Northern. The suit of Jay Gould
against the Intern.ational & Great Northern in tlie Circuit
Court at Tyler, Tex., was heard last week, and .is the road did
'^otal
$2,818,876
$548,581 $2,212,623
INCOUE ACCOUNT.
Net earnlnes
...
Add Income from
$33.%6il
lttve8tmonts,&o
.;
¥>>.Jr.*?i;";--—,;—
I>«is tnteroRt on bonds
Less jircnilnm on bonds
InterP8t,dl«cnuntandeioliBnge..
Items to
profits
«xp6n»e8
ana
sle.iO
$548,581
4,433
$342,261 $5.53.014
$209,940 $209,940
?H0
loss.
&
—
$85,806
—
Marcu
:
THE CHRONICLE
23, 1889.]
not deny the claims of the plaintiff, the Court rendered judgment in liis favor for ?.'il4,603, with 8 jjer cent iutercst from
the date of tin- promissory notes.— ff. R. Oaxette.
&
New
Lehiik'h Valley— Si-hiiylklll
Lehiffh.— ThcvPi/Wic Ledger
Yorii, President of the prorei>orts that E. \V. bYisbie, of
iwt(il Schuylkill
I^>higli Kjiilroad, and other officials, have
fteen in the coal regions making arrangements to commence
399
lijcpovts ftttd
Socnmtuta,
(CHICAGO BURLINGTON & QUINCY
R. R.
&
THIRTY-FIFTH
operations. They have given out contracts for building a twrtion of the road and the remainder was to have been given
" The
out this week. The line will be fifty miles long.
new com|>nny h;us purchased almost every acre of coal
land in the Pottsville coal basin not owned by the Reading Rjiilroad, and of course will couti-ol all
the coal
ti-ntlic from these
mines.
It is estimated here that these
purchast's of coal lands will give the Lehigh Valley 750,000
tons more coal to haul every year. The road will be built in a
year. In addition to thase proposed new connections it is said
(hat the Lehigh Company also intends to complete the gap betwi»en the road out of Buffalo and the Pennsylvania
New
York Canal & Riiikoad di\Tsion rumiing to Elmira. If the
new road is built it will bo the fifth independent between New
Y"ork and Buffalo."
&
Mihvuukee & Nortliprn.—Gross
chiu-ges
were as follows ui
and
net
earnings and
1888:
Gross oartii»g9
Opernttug exi)ense8 and taxes
Net earnings
Cliargcs
1P88.
$l,0So,T19
CHiCAoa, January
To
tfie
Stockholders of the Chicago Burlington
Road Company
Your
$970,135
G35,9o3
$32?,332
230,174
$340,235
220,761
iil78,158
$119,174
Rapid Transit Bill.— The
Directors submit the following report of the opera/Company for the year ending December 81, 1888:
EARNINGS AND EXPENSES.
The gross earnings of the Company, including
roads and branches, have been:
Frnin freight
From
From
pa.sseugers
mail, express
Fund Commissioners are the Mayor, the Recorder, the Comptroller and the Chairman of the Finance Committee of the
Board of Aldermen. A general outline of the bUl gives the
following features:
The Rapid Transit Commissioners are empowered
First To determine the plan of rapid transit whether it
sliall be underground, elevated or surface.
Second To locate the routes (which may be, if necessary,
between streets and avenues, through blocks and private
—
—
—
property).
—
—
Third To determine the value of property taken or
damaged.
Fourth To prepare articles of association for the company
which is to operate the road.
Fifth— To determine the sum to be paid yearly to the city by
the company.
When the Rapid Transit Commissioners have adopted a plan,
located routes and authorized the organization of a company,
the Sinking Fimd Commissioners are required to luake application for the consent of the owners of half the property value
along the line and the consent of the Board of Aldermen. If
they fail to obtain the consent of the property owners they are
to apply to the 'Supreme Court for the appointment of three
commissioners to determine whether the road shall be built on
that line. This determination becomes final if confii-med by
the Coiu-t. The Sinking Fund Commissionere are tlien empowered to sell at public auction to the highest bidder the franchise
or right of operating the road. The buyer must be a company
organized under the direction of the Rapid Transit Commissioners and bound to adopt the plan, routes, conditions of operation, &c., prescribed by such commissioners.
The principle embodied in it is a good one, as it aims to secure rapid transit under the direction of the municipal authorities, but at the same time the road is to be built and operated
by jprivate enterprise. It may yet require many amendments,
and one defect is that the motor power is limited to steam,
while in the near future electricity may be found preferable.
Among the thoroughfares exempted from the operation of the
bill are Broadway and Fourth Avenue.
PHtsbnrg Cineiniiati & St. Lonis.— The comparative statement of the Pittsburg Cincinnati & St. Louis Railroad for the
year ending Dec. 31 shows:
1888
1887
Gross caniinKs
Operating expcnsen
$5,388. '47
4,193,011
$5,008,378
4,017,218
Net earnings
Other Income
$1,19.^,536
$1,791,160
5,777
Total Income
$1,200,854
1,296, 108
Int., reutals
and deUciency on leased
Balance
5,317
lines. .
.
and miscellaneous.
$l,79e,'>37
def. $95,2.54 sur.
1,193.9*9
$602,948
all
leaaed
$19,484,035 38
6,146,120 94
2,159,011 44
$23,789,167 76
The operating expenses ,have ,been
Taxes have been
$17,804,112 92
1,078,347 05
18,982,459 97
Leaving net earnings from operating
Add interest and exchange, uud other income
$1,006,707 79
169,60144
$5,076,300 23
Fixed charges have been paid as follows:
bill
enterprise under the control of five special commissionere and
the Sinking Fund Commissionei-s. The appointment of the
former is vested solely in the Mayor. Three of them must,
and all of them may be, residents of this city. The Sinking
1889.
tions of the
drawn by Corpora- Rent ol tracks and
tion Counsel Beekman under the direction of Mayor Grant has luteres; on bonds
been introduced into the Legislature at Albany. It puts the
Sinkhtg Fiinds —
('ity
1,
Quincy Rail-
<fc
1887.
757,387
Surplus
N. Y.
ANNUAL REPORT.
depots
$193,708 77
5,111,527 18
C. B. it Q.5 i>er ct. bonds
189,'j, issued for A. K. &
U. M. RR
$19,110
For C. B. & Q. 5 per ct. bonds
of 1901, Issued for St. L. K.
For
of
00
I.&C. RR
59,20000
For C. B. & Q. 4 !tnd 5 per cf.
bonds of 1919 (fowa Dlv.) 203,865 00
For C. B. & Q. 4 per cr. bonds
of 1921, issued for B.
W. Riiilway
For C. B. & Q 4 per
&S.
43,000 00
bonds
ct.
of 1922. issued for
Denver
Kxteusion
79,68000
For C. B. ,k Q. Nebraska Exteusioii 4 per ct. bonds of
1927
199,68125
For B. & .M. in Nebraslia 4 pr.
ec. bonds, issued for A. & N.
RR
For Rep. Val. RR 6 per ct.
bonds
For L. & N. W. RR. 7 per ct.
bonds
66.94000
14,000 00
6,000 00
691,476 25
Total fired charges
$5,996,712 20
A Igo DivUtends—
March 15. 1888. 2 percent
June 15, 1888, 1 per cent
September 15,
per tent
December
percent
18e(8. 1
15, lfe88, 1
1,527,830
763,916
783,916
763,916
00
00
00
00
$3,819,578 00
9,816,290
Deficit
Less not receipts of B. & M. R. RR. in Nebraska
Department for the year
Land
408,555 56
Deficit forthe year
$4,331,425
1888
COMPARED WITH
.
,
.
.
$23,789,167 76
27,576,078 22
$3,783,910 46
Decrease in 1888
The Operating Expenses in 1888
The Opcratlug Expenses In 1837
(inolad'g Taxes) were. $18,882,459
(includ'g Taxes) wore. 16.097,913
Increase In 1888
In
in
H
1887.
The Gross Earnings from Operating In 1888 were
The Gross Earmngs fiom Opcraliug in 1887 were
The Net Earnings
The Net Earnings
20
$1,73;J,980 97
97
04
$i,78«,546 93
$4,906,707 79
11,478,165 18
1888 were..
1887 were.,
Decrease in 1888
$d,.5- 1.457
PercODtaee of Operating Expenses (including Taxes) to
Gros-sEarniiiusiu 1888
Peri^entag of Operatlug Expenses (Including Taxes) to
Grots Earnings in 1887
39
79-37
'
The
total
number of P.ssengers
of those carried
58-38
20-99
Increase in 1888.
carried in 1888, exolu,
on Mileage and Season Tickets, was..
In 1887
5.968,148
5,750,348
217.800
Increase in 1888.
Bridge.— It is stated that the five railroad
$6,146,120 94
companies controlled by the Poughkeepsie Bridge Syndicate, Oro8< Earnings from Passengers in 1888 were.,
Patseugers in 1887 were..
6,6Z9,859 06
viz., the Hudson Connecting Railroad, the Poughkeei)3ie Gnss Earnings from
Bridge Company, the Poughkeepsie and Connecticut Railroad,
$183.738 12
Decrease in 18S8.
the Hartford & Connecticut Western Railroad, and the
In
18«8
Freigtit
carried
(includSpringfield & Massachusetts Railroad, will all be merged into Total number ot Tons of
0,056.669
the 111. Central In lt« own cars, 161,294 tons) was.
one coini)!iny, with a capital of $8,1)00,000. A chart*'r was Ining
9,752,325
1887 (including the 111. Central, 338,356 tons) was ..
granted by the Delaware Legislature last week that will admit
695,660
Decrease in 1888
of the consolidation being made. Tlie consolidation will take
«15,484'035 88
place about June 1, by which time it is expected all the roads Gross Receipts from Freight In 1888 were.,
Freight iu 1887 were..
13,675.659 04
I'oiiglikpepsie
.
will be completed.
V
Far balance of iBTestmeat liema see page 3S9.
Groas Receipts from
Decrease in 1883
.
$3.191.619 86
:
.
:
THE CHRONICLE.
400
[Vol.
CAPITAL STOCK.
1,000 00
Issued durinK the year in exchange for
B. &M. RUE. (Iowa Stock)
300 00
31,
For land and right-of-way
For new buildiuifs and water works
For new undercrjssing C. 8. F. & C. ER..
on account of
B.& M.R.RR, (Iowa Bonds) converted
Total Cap. Stock C. B.
1888
&
RR. Co.
(J.
$76,391,600 00
Capital Stock of the Burl. & Mo. River
RE. Co. (Iowa) at date of last report.
$2,205 00
Amount transferred to Trustees on conversion into C. B. &Q. Stock
300 00
6,662 37
24,418 46
Hawthorne
46,068 75
On the St.
1,905 00
FUNDED DEBT.
of this Company at the date of the
last report, including contingent liabilities for its
branch roads, was
$91,266,707
There have been issued during the year
bonds as follows:
C. B.
Q. Nebraska Extensi'n Mort. Sink. Fund
4 p. c. b'ds of 1927,8old. $3,000,000 00
The Funded Debt
86
&
Atchison & Nebraska RR.
2d Mort. 6 p. cent bonds
$8,901,280 84
$50,000 00
C. B.
28,000 00
C. B.
.
14,000 00
194,000 00
215,000 00
200 00
For new side tracks
For new iron bridges
For new buildlng.s
For land a\)d right-of-way
For remodelling yard at Ft. Madison
For new pa^souger yard, Ottumwa
For filling trestle bridges
$9,766 40
19,883 62
5],5:<9
8,399,280 84
Total funded debt December 31, 1888
$99,665,98S 70
and bonds December 31, 1888. .$176,059,493 70
12,94!)
The number of miles of road owned and leased by the
company. Including all branches, on December 31st,
1887, was
4,57l34iooo miles
Add for mileage leased and operated jointly with other
companieB, and roads for wUch a flxed yearly rental
" Pa'd
122349,000 miiea
Total number of miles operated by the company December 31, 1887, as stated la the last annual report. 4,693383,000 miles
There have been added during the year:
In Illinois.
The Illinois Valley & Northern EE.
from Streatornorthwestto Walnut 58734,ooo miles
In Iowa.
An extersion of the Nebraska E'y
from Nebraska City over the Nebraska City Bridge to a connection
with the Kansas City St. Joseph &
Council Bluffs ER. at Morison,
Iowa, length in Iowa
121,942 30
On account of new
lines In Illinois
and Missouri, as follows
In Illinois.
Valley and Northern RR.:
Walnut to Streator
In M188OUKI.
Illinois
926,928 55
*
Company has
Kansas City
St.
On account of new
Nebraska, Kansas, Colorado and Wyoming, largely for work done in 1887, as
lines in
follows:
Omaha & North
Ik Nebraska.
Platte Railroad:
.
,257 04
498.991 10
1,423
99
1,965
26
258 30
,153 56
Deduct balance
to credit of bond account for the year,
being discount on 0. B. & Q. bonds purchased for
sinking funds and canceled
69600,000 miles
Total construction.
The
392lo,ooo miles
cost of
equipment added during the year was.
1,069,218 60
4,917277,000 miles
Divided as follows
This road was builtln 1882 and leased to the K. C. St. J. & C. B. EE.
which company owned all the securities of the St. J. & Neb. ER. In
1887, upon the completion of the Rulo Bridge, this lease was canceled,
and the road leased 10 the C. B. & Q. RR. Co which company In 1888
purchased from the K. C. St. J. & C. B. RR. Co. these seeurities.
Co.,
,
There have been added to
Engines
Pass'er and combination cars..
Boarding car...
Baggage, mail and express cars
Number of miles of Eoad owned and
leased by the Company, Including
branches
4,757a92,ooomUeg
Mileage leasejl and operated jointly
with other Co.-s, and roads for
which a axed yearly rental is paid.*15998i,o«o miles
all
4,9172T7,ooo miles
4,8587»6,ooo miles
i.«„??I?;^^°''f"'<'".™'!®* hereiofore erroneously reported under tlie
•" «'"• ^'^ "-"^-"-ed^l^
.^^Se^:fereM^^^/a?id7ornS^r
$5,293,040 74
*
2238M,ooo miles
Average number of miles operated during 1888
3,558 84
$4,223,822 14
Total constniction and equipment
Total number of miles operated by
the company December 31, 1888.
$4,227,380 98
EQUIPMENT.
18550,ooo miles
An extension of the main line of the
•
490,262 86
2,088,214 80
^^"looo miles
In Kansas.
Beaver Valley EE. from Blakeman
southwest to St. Francis
275, 736 81
Eastern Wyoming Railroad:
Extension of'Granri Island & Wyomiug Central RR. into Wyoming.
New telegraph lines on above roads.
357iOjooo miles
line of the
Greeley Centre N. W. to Ericson
71 ,571 95
Branch. Alliance Northwest
i
& Colorado Railroad:
Main lino and branches
Lincoln & Black Hills Railroad:
Central City to Ericson
Palmer to Arcadia
Greeley to Burweil
,
Republican Valley & Wyoming Railroad
Culbertson to Colorado State line....
Crete Milford A Western Railroad:
Nebraska
ife
In Nebkaska.
Grand Island & Wyoming Central
EE. from Whitm'n west to Alliance
An extension of the main line of the
Lincoln & Black Hills EE. from
}
from Alliance into Wyoming
Cheyenne Burlington Railroad:
South lino of Wyoming to Cheyenne.
The extension
Anextensionoftliemain
32
Railroad:
In Wyoming.
Grand Island & Northern Wyoming Railroad
Extension of G. I. & W. C. RR. branch
& Council
of the Nebraska R'y
from Nebraska City as above described, length in Nebraska
,383
Graud Isl^ind & Wyoming Central
Grand Island Norihwest
South line of Wyoming
HSOjojo miles
leased from the
Joseph
129,400 26
Crete to Milford
17,,025 76
Oxford & Kausis Railioad:
Orleans to Kansas State line
328, 006 27
In Kansas.
Beaver Valley Railroad:
Kansas State line to Blakeman
61,178 68
In Colorado.
Colorado & Wyoming Railroad:
East line of Colorado Northwest to
In Mi88O0EI:
Bluffs ER. Comtiany, under date
of October 1, 1887, tiiejoint use of
the track of the last named Companyfrom Napier to St. Joseph...
I
22
2,685 69
Ashland to Schuyler
LENGTH OF EOAD.
This
44
7,625 06
17,492 87
667,738 73
502,000 00
of stock
$292,956 34
:
1,000 00
of funded debt durlnp the year
Whole amount
& Chicago RR
Joseph & Nebraska RR.:
Napier to a conuection with the Eulo
Bridge line
On the Burlington & Missouri River Railroad in Nebraska and branches:
For new sidetracks
$52,,451 67
For land and right of way
21,,138 13
For new buildings and water works
52,,9S4 73
For new fences
28, 435 04
For now vl.aducts, Omaha
11;,749 86
For remodelling freight yards, Omaha
and Lincoln
4 753 55
For Rulo Bridge
129 772 81
For Nebraska City Bridge
341,1994 47
For change of line, Nebraska City, account of bridge
23 ,640 15
For iniscellaneous construction
818 32
and canceled:
Net Increase
566 95
98
l,99i)
& Quinoy EE.
Chicago Burlington
and branches in Iowa
St.
The reductions during the
& (3. 5 p. 0, bonds of
1895(1. K.&D.M.RR.)
& Q. 5 p. c. bonds of
1919 (Iowa Division)...
C. B. & Q. 4 p. c. bonds of
1919 (Iowa Division)...
C. B. & Q. 4 p. 0. bonds of
1927 (Nebraska Exten.)
Converted into stock:
B. & M. EE. (Iowa) convertible bonds of 1889
Louis Rook Island
On the
901,280 84
-
freight yard,
For land and right-of-way
$76.393.505 00
year have been as fol' ws:
C. B. & (J. 4 p. cent bonds
of 1890 (Northern Cross
ER.) canceled
Purchased for Sink. Funds
$182,927 37
30,321 46
Galesburg
passenger yard, Chicago
viaducts, Chicago
boom, Burlington bridge
For new
For new
For new
For new
Aggregate of Capital Stock on Dec.
of 1927, sold
XLVin,
CONSTRUCTION.
$76,390,300 00
Keport was
Iftsued during the year
:
There has been expended for construction during the year on the
Chicago Burlington & Quincy RE. and branches in Illinois
Capital stock of the Chic. Burl. &
Qulncy ER. Co. at the date of the last
The
Dec
1
:
Way cars
The equipment
the equipment during the year:
51 Box, freight and cattle cars
100
"'
"
22 Platform
300
and' coal oars
I
'
Hand
1
16
16
cars
Rubble and Iron oars
55
15
j
at the end of the year is as follows
Engluea
689 Wieokiugcars
8
Passer and combination ears. 351 Box, freixht and cattle cars. 20,130
Baggage, mail and exp. cars.... 13
Pli.tioi in and coal cars
5,599
Dining cat s
7 Piledriveis
5
.
Ollicor.s'
Way
and pay cars
cars
Boarding cars
11
352
15
Hand
cars
Rubble and Iron cars
1,429
1 ,009
^
Mabch
THE CHROJVICLK
38, ltK9.J
the machinery and tools in the shops at Aurora,
Uurlington, Beardstown, Croston, Plattsmouth,
McC<K)k, and elsewhere.
NoTK—Tlin Htateroom o»r reported liwt year liiis bocn ooa verted into
» pay car to replHCO tUe pay oar biirued diirliii? tbe year.
And
nil
Oftlosburg,
CONDITION OF THE ROAD.
43^'; total,
294.
In Illinois, during the year, 2li miles of side track were converted into third track, making the number of miles of third
track at the end of the year 18J^— all between Chicago and
Galcsbiirg.
In Illinois, Iowa and Miiitsouri, during the vear, .M miles of
steel rails were laid in branches and side-tracks to replace iron
rails; 1 1 miles in new side-tracks and 64?^ miles in main line
Northern Raih-oad.
and side-tracks upon the Illinois Valley
Tlu^ total number of miles of steel rails in all tracks oast of tlie
Missouri River on De<-. 31, 1888, was 3,014. This includes the
&
whole main
line in Illinois
and Iowa.
In Nebraska, Kansas, Colorado and Wyoming, diu-ing the
year, 57^ miles of main track and 3^ miles of side-tracks were
reUiid with steel rails in place of iron rails, and 131^ miles of
steel rails were laid in main and side-tracks upon the several
new branches completed during the year, making 2,290 miles
of steel rails in all tracks west of the Missouri River Dec. 31,1888.
The general condition of the road and equipment has been
fully
There waa paid dnrlnff the year lotrmt on
Bonds not owned by the C B. it Q. Co.,
amounting to
$1,170,410 28
ItenUls
^
^18,^80
eiuUug Funds
21,000 00
U
$l,31R,09a39
As against Interest for 1887
$1,160,822 30
9B
21,000 00
ItoiitaU
In Iowa, during the year, 5>.^ niilos of Bide track were converted into second track. The number of miles of second track
on Dec. 31, 1S88, was, in Illinois, flOS^'; in Iowa, a^l^', and in
Nebraska,
401
maintained during the year.
NEW BRANCHES.
During the year new roads and extensions have been
in whole or in part, as follows:
built,
«.'i,447
Blnklng Konds
'
«) .256,270
35
There was also paid during 1888 interest on securities held by
the Chicago Burlington & Quincy Company amounting to $105,480 18, which is included in the item " Interest and tlxcliange,
and other Income," on page 5 of this Report. Nothing has
been received by the Chicago Burlington & Quincy Company
W
as dividends on stcwk, which in 1887 amounted to $856,649
from the Hannibal
St. Joseph Company, and §268,115 00
Council Bluffs Company.
from the Kansas City St. Joseph
The total debt of all these properties, outstanding, not owned
Quincy Company, dIdc. 31, 1888,
by the Chicago Burlington
was $16,460,000 00.
The strike of engineers and firemen in February last extended
to all of these lines except the narrow-gauge roads.
&
&
&
After many prosperous years the Chicaeo Burlington Si
Quincy Company has experienced a j^ear of serious reverses.
After paying our fixed charges, including about $700,000 contributed to sinking funds, and dividing five per cent upon the
capital stock, the accounts show a deficiency for the year of
$4,331, 42."i 41, wliich it has been necessary to take from the
accumulated surplus of the Company. Chief among the causes
of the falling off in net revenue from the operations of the railroad was the strike of engineers and firemen in February,
which is too fresh in the minds of all to require extended
comment.
•
This cause was not the only one, however. There has been
a diversion of traffic to new competing railroads, and also a
docUne in the rates, as compared with the year before.
In IIX.INOIS:
The decline in rates has been due principally to the difficulty
The Illinois Valley & Northern Railroad, from Streator norththe railroads without the right to
west to Walnut, on the branch from Mendota to Fulton, com- of self-regulation among
was taken away by the Inter-State Commerce law.
mencetl in 1887 and completed and opened for business June 1, pool, which
This road, in connection with the An effort is now being made among the railroads west of
1888, 58 734-1000 miles.
with competent
Chicago Burlington & Northern RR. forms a Une between the Chicago to provide, through an association,
ai-bitrators, for the maintenance of imiform rates,
Streator coal fields and St. Paul 52 miles shorter than the old men as
which it is hoped may prove successful.
route, via Aurora.
Since the close of the year 1888 a tariff of freight rates
In Iowa:
establislied by the Railroad Commissioners of Iowa has gone
An extension of the Nebraska Railway from Nebraska City into effect in that State, by order of the United States Court.
over the Nebraska City bridge to a connection with the Kansas The rates so established we believe to be unreasonably low, and
City St. Joseph & Council Bluffs Railroad at Morison, Iowa. it is to be hoped the Commissioners may be prevailed upon to
Completed and opened for business Aug. 12, 1888. Length in modify them.
Iowa, 1 130-1000 miles.
Remembering that the rates obtained in this country for
railroad transpoi-tation have been declining for years, and are
In Nebraska:
The extension of the Nebraska Railway from Nebraska City lower than anywhere else in the world, and remembering the
enormous growth in population and the general prosperity of
as above described.
Length in Nebraska, 960-1000 miles.
have been so large
An extension of the main line of the Grand Island and Wyo- the people, in producing which the raUroads
ming Central Railroad from Whitman west to Alliance, com- a factor, it is difficult to understand what serious evil tne
laws are designed to remedy. It is said that
pleted and ojiened for business Feb. 3, 1888, 69 600-1000 miles. recent railroad
are seen to be so, are tisually repealed;
An extension of the main line of the Lincoln & Black Hills bad laws, when they
evU of too much regulation by law will in
Railroad, from Greeley Centre northwest to Ericson, completed and perhaps the
time cure itself. Nevertheless, it cannot be denied that much
and opened for business May 7,"1888, 18 550-1000 miles.
the most serious feature of the raUroad situation at present ia
In Kansas:
the attitude of the law-making power, both national and State.
An extension of the main line of the Beaver Valley Railroad
The increase in expenses for the year is due partly to the fact
from Blakeman southwest to St. Francis, completed and opened that we have operated an average of 4,859 mUes in 1888, as
for business July 8, 1888, 39 210-1000 miles.
against 4,339 miles in 1887. ITie new mileage Ls mostlv in a
The bridge across the Missouri River at Nebraska City was new coimtry where the crops were little or nothing in 1887, and
completed and opened for business Aug. 13, 1888.
where we have not yet felt the effect of the better crops of 1888.
In addition to the above, some work was done on other sec- Each mile of railroatl necessarily implies daUy exjiense for
tions of road described in the last annual report as under con- repairs and for train and station service, whether much busistruction (which work was, however, suspended early in tlie ness or little is being done.
It is also true that the cost of
year), and grading has been begun upon a branch of the Grand maintenance of road and rolling stock on many of our lines
Island & Wyoming Central Railroad from Alliance northwest west of the Missouri River, built within a few years, is larger
towards the coal fields in Wyoming, west of the Black Hills.
than when those lines and the cars and engines were newer.
A large part of the increase in expenses for the year is attriGENEKAI^ REMARKS.
butable to the strike. The 3,500 men who left us on a few
The actual length 'of road in operation Dec. 31, 1888, was hours' notice had most of them been in the company's employ
4,917 miles, against 4,693 miles Dec. 81, 1887 an increase of for years, where they filled important places and had become
Za mUes.
accustomed to one another and to their surroundings. They
Tlie average number of miles operated by the Chicago Bur- imderstood the rules of the train service, which are more or
lington & Quincy Railroad Company in 1888 was 4,859, against less difficult and complicated, and they formed a disciplined
The gross earnings per mile of road force, moving as an essential part of a great machine. This
4,239 the year before.
operated were §4,895 90 in 1888, against $6,505 33 in 1887. The part of the mxiclune was suddenly destroyed, and the task of
operating expenses, including taxes, per mile in 1888 were $3,- reconstructing it had to be undertaken and performed without
886 08, against §3.797 58 in 1887.
The net earnings per mile allowing the- machine to stop or its efficiency to be impaired.
in 1888 were §1,009 82, against $3,707 75 in 1887.
The percent- But to accomplish tliis involved, and still involves, extra exige of operating expenses, including taxes, to gross earnings in pense.
It also involved for many months a vast amount of
m88 was 79-37, against 58-38 per cent
1887.
anxiety and overwork anjong ovu- local officers and their subTlie properties controlled by this Company whose operations ordinates in all branches of the service, and it is impossible to
and mileage are not embraced in this report show a decreas<' in commend too highly their zeal, industrr and courage under
net surplus for the year 1888, as compared with the year 1887, very trying circumstances. To make tne new force at least
if about $1,600, (KX), after paying their own operating exijenses,
equal to the old in all respects, and in many respects superior,
taxes, rentals and interest on their outstanding liabilities not is merely
a question of time. The material is excellent, but
owned by the Chicago Burlington & Quincj Company. These time is needed to make a homogeneous body and to teach the
properties consist of 1,115 miles of standard gauge railroad and new men various rules and methods wliich affect the expense
~18 miles of narrow gauge railroad owned, and 95 miles of
accounts.
standard gauge leased and operated jointly with other compaYour directors have given attention to the question of danies.
vising a plan by which men in the service may safely and
Tlicy earned, ktuss. In the year 1888
S6,041,99G 5-2 cheaply provide for themselves and their families in case of inAs HKainst gross earnings Id 1887 of
$7,414,483 51 jury or death; and it has been decided to organize a departThe uperat'g expeu'8 lor 1888 amounted to $4,577,0-25 75
ment, modeled on a similar denartment in the Pennsylvania
Taxes
101,325 12
^^
s^ 738 950 87 Railroad organization, to be called the Chicago Burlington
As against operating expense a for 1887 . $4,405 ,798 32
the employ of
Quincy Railroad Relief Department. Those
Taxes
1S2,089 93
the company desiring to obtain its benefits can do so at mod.•J(,587,S88 25
,
—
m
. .
,
_
.
I
m
&
.
THE CHUONICLIU
402
The matter
erate cost.
is
wholly voluntary.
^ommzvtml '^imes.
COMMERCIAL EPITOME.
Stockholders
Jltc
to understand the plan in dstail will receive full
information by addressing Mr. J. C. Bartlett, Chicago Bur-
who wish
Quiricy Railroad Company, Chicago, who has been
lington
made superintendent of the department.
Quincy Company
The relation of the Chicago BurUngton
•to the Chicago Burlington & Northern Road seems to be somewhat misunderstood, and it may not be out of place to review
Northern enbriefly the history of the Chicago Burlington
&
&
rmDAY Night, SJarch 33. 1889.
storm has visHed the Nortto Atlantic S'ates,
doing some damage along the- soast, but the- weather at the
A prolonged
&
The- financial disis quite pleasant and sp?l!ng-like.
turbanees at Paris bave apparentSy ceased to brfelt in spfculative circlfs, thovsgh there has been very Ifctfte activity,
wheat alone showiwg a la^-ge vo^bme of dea>iag9. Progress has been made i» the resumptitMi of inland aon-igation.
The Hudson River is open, and the Delaware & HwlBon Canal
will resuiae operations' in a few da;?9, but the lattpsof the
Northwest are still icebound. Ther^is a fair gewral trade
in progress-, but not cwich activity 'in any quartan lit is
probable that many buyars from the 3outh and y*ksit delay
coming to 14ie city in view of the ajfHroaching Ceat»nnial
clo=e
terprise.
In 1883 the Northem Pacific had been completed; the Canadian Pacific was being pushed forward towards Puget Sound,
and the St. Paul Minneapolis & Manitoba was opening a large
.territory west and northwest of St. Paul.
About this time the attention of the Chicago Burlington &
Quincy managers was drawn to the project of building a road
from Fulton, lU., the end of one of our branches and of our St.
Louis division, to St. Paul, along the east bank of the MissisIt would give a direct line between St. Louis and
;Bippi River.
that is, the portion
;St. Paul, of which we owned about half
between St. Louis and Fulton; would give a nortliem market
for the coal fields underlying many miles of our road in Illinois;
woiild give us direct connection with the pine lumber region of
Wisconsin; and, by the construction of forty-seven additional
mUes, from Savanna on the Mississippi River, to Oregon, on the
Chicago & Iowa Ra'lroad, would make a line between Chicago
and St. Paul on' y twenty -one miles longer than, the shortest,
It would, in shxx-t, con-with easy grac'es and fair alignment.
nect us, and more especially our St. Louis line, with the Northwest, and would open to us at least two, and perhaps eventually three, new lines to the Pacific Coast. The question of the
prolable value of the road in itself was a different one; but
after careful examination, your directors became convinced
that the road would pay a fair retiirn on the cost of building
necessary
it, and that sooner or later it would atti-act the
—
celebration.
Lard on the spot was clvl'l and deprfSE-sd early in thaeweek,
but took a stn-onger turn yesterday, an* to-day maie some
advance, clcwrig firm at S'g-ic. for prim* city, 7-33 !49'7-:SJc.
for prime Western and 7-5©@7-60c. for refined to the Sontinenr.
The -jpeculation ia< lard for futare delivery took a
buoyar t turn, to day, on rj dtemand frora- the "shorte,.''here
and at the West, to cover canlracts (the mrurket having: been a
,
July deliver.
lbs.
order of the Board of Directors,
CHARLES E. PERKINS, President.
called to the
Tliis firm has
bankers, at Nos. 5 and 7 South William Street.
and the Orient, and
esrtensive connections abroad, in Europe
world.
sell drafts on all parts of the
incorporated
Tlie Homell^ville & West Union RR. Co. is
It is to iim from N. Y. L. E.
witn a capital of 8160,000.
through Hornellsville, Canisteo and Greenwood, to interLackawanna RR.
sect with the Coudersport HornellsviUe &
Distance of road sixteen miles.
—Notice Ls given that the coupons detached from First Morteaee Main Line Bonds of the Houston & Texas Central Railwill
way Company, purchased by trustees of such mortgage,
be paid at the office of the Central Trust Company of New
W
York on
Thursd'y. 3W<ftx»
7-20
7-22
T27:
7-24
732
c.7-2^
0.7-24
c.7-25
0.7-29
0.7-30
0.7-3U
7-2a
7-2:l
7-2.5
7-2a.
7-25
7-2»
7-30>
7-27
7-k'-y
7-2 «
7-3^::
7-2<)
7-2t!
7 28
7-33.
7-30
7-33
7-35-
7-32
7-33
7-35
7-36
7-3*
7-40
7-43
pickled bellies, 13
lbs.
a-wraze, at 7c.
Quoted
p'/ikled
•
6i^@8^c.;shoulders,5J^@55^c., and hams, 93^@ WKc;
smoked sUouWers, 6>4@63^o. and hams, lC».i@llc. Baef is
nominal at \T fot extra maps- and $9 50@|10 for packets per
Beef hanas
bbl.; India m«ss steady at tl3;50@|16 per tiarc^.
are fairly active at $13@ 113-50 per bbl. Tal5cw closes active
at 4i^c. Stearine is lower at l%c., and oleoiaiargarine firaaer
at 7}^c. Buiter is lower at.l8@a7c. forcreamery and l?@il9c.
for Westerrv factory (new}j Cheese is dulliat 10<ai3Up. for
State factory. Fresh eggs down to \i@V2%a; per doz.
Coffee has. been dull and closfs somewnati nominal,, with
Rio quoteiat ISJ^c. for fair cargo grade, there having been
no sales of, moment for seisaiial days. The speculation in Rio
options has also been qsite sluggish, and prices ha-sie been
unsettled, with some iraegul^rity, opening this mooning a
hour,
little dejiressed, but reeoveving smartly in. the lastj
closing steady, with selieas-as follows
& Noithern Road.
&
i/,3Msri'tj. Wedn'SiiV/.
07-21
bellies,
capital stock of the Chicago
and we have since acquired 975 shares more by the operation
now,
of the contract. The Chicago Burlington & Quincy owns
therefore, 30.975 shares, out of a total of 90,975 shares, the rexnainder being in the hands of individual holders.
the Chicago
It will be seen from the foregoing statement that
Burlin<Hon & Quincy Company does not control the Chicago
of travelers wishing circular letters of credit
—Tlie attention card
of Messrs. Knauth, Nachod & Kuhne,
..
Monu
steady.
OF LARD FLIUKKS.
Pork has met with a mc&rate demand, and to-daj- was
quoted deareA as follows: ^12 .50 for extra prime, $li;75<9
113 75 for old>and new mess- and |14(3|16 £*for clear back.
Cutmeats ar* quieter, but tte sales to-day^ included 3»,000
the owner of 30,000 shares of the
& Quincy Company became Burlington
& Northern Company,
—
delivery
Au'.'.
..
was
close
CIX)»INO PBK3B8
Sulura'il.
April dollvPry
Mny delivery.
June delivery...
&
By
and the
DMLT
Without at that time (1883) finally deciding anythmg nuare,
your dire^tois determined that the Chicago Burlington &
Quincy Company should make surveys and do what might be
necessary to occupy and hold the ground, pending the final
settlement of the question of building the road; and in pm-snance of this policy our company expended, during the yeai-s
1883, 18e4 and 188.J, about eight hundred thousand dollars.
In the summer of 1885, when yovu- directors were finally
con.'-idering the question of building the road or of selling what
we had acquired if a suitable purchaser could be found^Ii- A.
E. Touzalin, who had formerly been in the service of oiir Company, and was known to be a "man of character and energy,
after examining the line and satisfying himself as to its value,
made a proposition to pay back what the Chicago Biu-lington
Quincy Company had expended, with interest at five per
cent, and to organize the Chicago Burlington & Northern RR.
Com-^anv. to build a road to St. Paul, rtjnnecting with and
After negotiation
feeding the Chicago Burlington & Quincy.
and discussion, this proposition was accepted by your Directhe stock
tors with the condition that a certain jYoportion of
be offered to Chicago
atid bonds of the new company should
Burlington & Quincv stockholders, and a contract was made
between the Chicago Burlington & Quincy and the new companv as set forth in the Chicago Burlington & Quincy circular
Chicago Bitrlmgton
of August 1st, 188.^. As therein stated, the
Burlington
over-soia)
little
capital.
is
[Vol. XLVffl,
:
Anril
16-950.
17-050.
17-150.
I
17-300.
iulF
|
17-50e.
Oetober
17350. Novemheri.-.l<-oOa.
August
17-45c l,Deceml)ar:„--17-e0o.
September
June'.'.
I
An advance of 10@ 3) points for this week.
Ratw sugars have continued to show aik upward tMidency,
the unfavorable crop accounts from Cuba l)eLng peetty well
coinfirmed. The saks. to-day embraced a cargo of centrituregugal, 96 deg. test, at S^c, c. and f.; quoted at 6i^'i&>ic.
^r; far refining, 5.3-^c. Refined sugars also slicw a further
advance; crushed cuioted to-day at 8>^Ci„ powdeied, l^/ic. and
granulated, 73^c. Molasses is also dearer, and to day was
OO
quite active, ten cargoes having been sold at dl® 35o. for
ueg. test, closing at the higher figure. The tea sale on
Wednesday went off at steady prices.
Ker tucky tobacco was in fair demand, and sales are iM
for the week, including 300 hhds. lugs for a Mediterra-
May
'
—
hhds
nean port
at about 3c. Seed leaf has been inactive, and salea
rases 1888
for the weelt are only 831 cases, as follows: 30
"^
cases 11886 crop,
crop, Pennsylvania seed, private terms; 150
5@13i.^c.; U)0 cases 1847
do SaUc; 345 ca^es 1887 crop, do.,
crop. New
crop,
crop, State Havana, 13i^@lBc.; 150 cases 1887
England Havana, 5@30c.; 50 cases 1887 crop, Ohio, 6@8c,an4
private terms; al»
100 cases 1887 crop, Wisconsin Havana,
lo®
800 bales Havana, 67c.@#l 10, and 200 bales Sumatra, fl
•
•
(
panic^
On" the Metal Exchange ingot copper was almost
Monday, with prices entirely nominal, lake being quotea
until yesterday was
at 13i^c. and G. M. B. at 10c. and not
there were sa^
there any decided revival of business, when
for March and (j.I1|
of 109 000 lbs., including lake, at 15 80c.
last
;
the 1st of April.
—The Daly Mining Company has declared a dividend of 35 B at ll-35@ll-.)0o. for March and 10c. for July, with 14c.
Transfer Agency
lake quoted Ibc. lot
cents per share for February, payable at the
to day for Baltimore or Orford, and
firmer at
of Messrs. Lounsbery & Co., Mills Building.
March. Straits tin declined, but closes rather
selling to day at
—Messrs. Reed & Flagg publish in the Chronicle their list 31-lOc spot and June. Lead is lower,
be referred to by all
<k investment securi ies, which sliould
with
Spirits turpentine is easier and closes at 52>i((i53>^c.,
«rho are looking for purchases of tliat class.
ana
*
business at the reduction. Rosins are al:o easier
its usual dividend
declared
fair
has
a
Co.
Mining
Homestake
—The
strained.
Lounsbery
Co.
quiet at |l 15®.$! 30 for common to good
Messrs.
&
by
clo89
payable
February,
for
more
«f 525,000
were large sales of pitch this week at |1 40. Tar
is iteftay at 10,
—The Ontario Silver Mining Company announces its 154th There
at |2 25. Refined petroleum for export
active
by
Messrs.
Lountpayable
February,
dividend of §75,000 for
Wools and hops are duU but pretty well htld.
I
bery & Co.
•
!
.
.
Harch
THE CHRONICLE.
23, 1889.]
COTTON.
t'RlD.VY. P. M.. Marcli 22. 1889.
as iiidicatwl bv our teleKrunia
The Movement of the Crop,
from the South
tliis
below. For the week eliding
have reachetl 84,27i! bale.s,
week, and 81,038 bales the previous
to-niKl't- is K'ven
receipt*!
eveninK the total
80,026 bales last
against
total receipts since the let of Sept., 1888,
5,175.264 bales, against 5,060,«4l bales for the same pericnl of
1887-8. showing an increase since Sejrt. 1, 1888, of 114.603 bales.
week: milking the
at—
Rtceipit
1'luto,
New
Wed
TueM.
Thuri.
iV(.
1,120
1,071
1,487
1,179
3,6!i7
Gttlvcstou
£1
Hon.
Sal.
1,084,
9,508
545
.'•.43
1,779
22,500
1.354
&o...
Orleans...
5,376
3,541
7(132
*oe
373
153
Mobile
810
208
3,862
Total.
24
190
1.044'
Florida
gavanuaU
2,607
1,374
197
460
1,008
888|
7,987)
Bruiisw'k, &o.
1,082
Charleston
Port Koynl.&c
859
Wllniliiiitou....
184
Wa»U'(;tou,&o
Norfolk
641
West Point...
860
700
962
New York
1.239
541
Boston
Baltimore
812
Phlladclph'a,&e
699
43
1,533
1,044
6,434
7,987
3.905
398
<
542
808
6
542|
'"'35
37
72
69
547
840
820
711
724'
1,387
1,994!
1437
411,
4,103
7,160
2,897
3,851
5,085
4,186
2,240
2,897
N'wp'tN'8,&c.
Totals thl« week 16,06'
392
623
1,120
11,604; 14,039;
6.682
3561
420
931
889
670
340
328
380|
1,243,
4,186,
194!
9,789i 26,092, 84,273
For comparison we give the following table showing the week's
and the stock
total receipffi, the total since September 1, 1888,
to-night, compai-ed with last year.
1888-89.
Receipts to
Thit
Mar. 22.
,J^
Galveston
El ra8o,<Scc.
1887-88.
SijiM Sep.
1, 1888.
ThU
St^ck.
\Sinec Sep.
rreek:
1,
'
1889.
1887.
633,843
2,108, 633,792
19,328
New Orleans. 22,.'50O 1,590,469 21,714 1,610,926
Jfobllc
1,354! 203,179
478! 199,671
88'
Florida
23,951
23,262
1,044
Savannah. ..
2,609 822,356
6,434 785,882
Brim .«., .Sic.
143,441
300
70,111
7,987
Charleston ..
2,341, 391,275
3,905 302,749
P.Royal,&e
14,356
542
153
14,735
186' 166,021
W'llmin»rton
808 148,656
Wa8h"tn,,S:c
4,353
6
4,902
6,
Norfolk
4,163 465,444
2,318, 439,158
West Point
7,160 381,782
2,280| 377,634
NwptN.,&c
2,897 120,108
579: 100,719
New Y'ork,
04,600
178
74,565
3,851
Boston.. ..
77,205
68,330
5,085
1,076
Baltimore.
38,601
4,186
62,400
1,338
Phirdel'a, &c
24,583
2,240
43,518
629
9,568
. .
543
84,27315,175,264
.,
16,986
14,147
220,457]
11,895!
273,097
24,990
46,305'
31,947
13,867
19,709
4,584
5,611
25,906j
23,883
14,607l
239,138|
2,165
293,766
13,000
18,897
19,426
j
62
10,500
11,201
[
Totals.
1888.
17,874!
38,380 5,060,641
633,320!
740,700
In order that comparison may be made with other years,
give below the totals at leatling ports for six seasons
we
:
40?
In addition to above export*, our telegmmB to-night also give
UB the following ainounto of twitton on shipboard, not cleared,
We a<ld similur tigiire« for New York,
at the ]M>rt« iianuMl.
which are |>re|)ared for our si)e('ial use by Messrs. Carey,* Yale
On Shlpboaril,
1889.
Qalv'8ton,&c
New Orleans
Mobile
Savannah. ..
Charrsfn,&c
Wllm'gt'n.ic
Norfolk
W't Point, &c
All others.
Tot.thi.'iweek
1888.
10,111
22,500
1,354
6,434
4,447
2,108
21,714
478
2,609
2,494
1886.
1887.
2,820
19,023
1,068
3,670
2,396
814
192
366
4,163
10,057
24,393
2,318
2,859
3,608
2,852
3,846
10,257
38,380
84,273
46,298
1884.
1885.
5,287
20,331
1,188
6,482
6,316
671
8,173
3,920
11,960
64,328
1,325
12,037
684
1,896
2,808
290
3,125
759
5,886
28,810
3,701
18,137
1,603
3,362
6,347
Oil
5,902
1.987
11,234
52,884
5175,264 5080.641 5005,872 4791 ,502 4551,176 4 582,570
The exports for the week ending this evening reach a total
of 133,203 bales, of which 82,207 were to Great Britain, 6,767
to France, and 44.229 to the rest of the Continent. Below are
the exi)ort6 for the week, and since Sept. 1, 1888.
BlneeSept.l
France.
New
Other
Foreign
0.,att-
Kite.
Toiul.
2,372
None.
1.000
2.700
8,559
6,000
None.
None.
29.704
None.
20,631
8.991
13,741
None.
None.
None.
None.
None.
Other ports....
None.
None.
None.
None.
12.000
7.600
8,800
None.
4,600
None.
4,000
9,900
None.
None.
7,726
1,500
Total 1889
37,391
14,641
27,725
Orleaiu...
Mobile
Charleston ....
Bavannah
Galveston
Norfolk
New York
900
Block.
190,7S»
11,805
84167
33,70»
8,427
7,906
222,913
48,46»
5,(K»0
12.000
8,550
18.000
16,225
10,300
'
'
,
.1-
100,3«8
53Z,93!4
I
j
Total 1888.
Total 1887.
35,275
37,106
21,560
35,158
8,475
6,052
6,480
9,096;
70,790
87,412
,
669,910
490,890
,
'
The speculation in cotton for future delivery at this market
was more active at drooping values early in the week under
review. Receipts at the ports were exceptionally large, but
the only decided decline was on Monday, when this influence
was supplemented by rumors of a panic in Paris. On Tuesday,
when it was seen that the stocks at interior towns were undergoing a rapid reduction, there was a partial recovery, which
was followed on Wednesday by a further advance, in response
to a stronger feiwrt from Liverpool, with port receipts comYesterday the sudden death of William
paratively small.
Woodward,
Jr., greatly retardetl business,
and the market was
without feature, except a slight advance in the last hour,
due to speculative manipulation. To-<lay the market was unsettled, closing without important change, the very ftill crop
movement not having much effect as against a stronger Liverpool report, and the rapid reduction of our stocks. The strike
of the weavers in the cotton mills at Fall River drags along,
but seems likely to come to an eai'ly end against the strikers.
Cotton on the spot was quoted l-16c. lower on Saturday, and
again on Monday, although the demand for home consumption
continued moderate, and stocks in this market are comparaTo-day a line of 700 bales strict middling was
tively small.
taken for the Continent, and prices were firm on the basis of
IQi^c. for middling uplands.
The total sales for forward delivery for the week are 274,300
bales.
For immediate delivery the total sales foot up this week
6,076 bales, including 3,708 for export, 2,212 for consumption,
bales
in transit. Of the above
1.56 for speculation, and
—
—
were to arrive. The following are the official quotations for
each day of the past week Mar. 16 to Mar. 22.
—
UPLANDS.
Ordinary
S
Strict Oixlinary
1^-
8"ie
9>4
9%
Low Jliddlinc
10
Middling
7'»,«
7l3t
9:'i«
9ilu
9=18
9lii
91B,
9'»I,
8%
8^
9<i«
9<,«
9'»1«
9lli(i
8%
91 1 1,
,
9«„
9l'>ie
10%
,
Good Middline
Strict Good Middling
lOOg
lO's
11'1«
11">1«
I
I
I
!
1
I
Fair
GULF.
8>8
)rdlnary
Good Ordinary
Strict Good Ordinary
758
8>18
7«8
81,8
70a
8I16
9
9
9
97,6
91*1,
9>a
9>
Fair....
9
lO^
10'>,8
107jg
1038
1078
1038
107e
1
;
11%
11%
,
10%
lO's
11%
11»16 11»18 11»,«
12»,« 12318 123,.
'
non Tae* Wed Th.
Sat.
STAINED.
7»8
8i,«
81,8
1016,,
lO'ig jlO'is
1038
1038
!lOl6ig 1078 !l078
11%
ll'ia 11%
11«8 |119l« IllB.e
12»16
|12«4
Middling
Good Middling
.eitrict Good Middling
Middling Fair
Prl.
I
9'l«
9'»i« 9I*,«
103,. 103,.
10
Low Middling
Strict Low Middling
Wed Tb.
nioD Tnea
Sat.
.$lb.
Ordinary
(
Frt.
~7%~
738
738
lOis
10>8
lOifl
lOSiB 1018
10=8 10«8 10=8
lOlli 10%
lOISielOTg 1078 10-a lO'e
1138 ll°l« 116,«
ll^i*
'1'
12
lll»-i« 111*'1»' 11"18 1115,6
MidrtllnK
Strict
7% 7%
!',"•«
8%
8%
77, e
7''8
Good Ordinary
Strict Good Ordinary
Strict I>ow
non Tne» Wed Tb.
Sat.
.'.
Prt.
.
Week Snding Mar.
From
22,
Sept. 1. 1888, to itfar. 82,
Conti- Total
Week.
Brtt'n. Franc* nent.
Qrtat
Galveston. ...
New OrleaDB..
PaTan aah
Bruuaniok
—
Charleston
....
t.«99
M.T3S
6.867
30,»ie
1,229
»t.018
•
Weil Point... 1I3S4
Nwpt Nw». ac. e.sii.
82.479
44,909
»,0«2
64,133
78,082
203,820
New York
ai.7;i
Boston
Baltimore
8.«02
<,1-2
riiiiadelp'a.dti
Total
Tntal I8«7.«a.
.
.....
L«00
....
b,T87
4»fBI
A 4R0
...
11,384
139.844
8,802
74.817
8.186
«IK
29.338
1.80C
e.4'»
811
8<1
"sSTaoi
8.4S9
11,642
&,3&2
26,740
162,006
74.617
7«3.543
203.101
2.373
isa,(K)2
148.948
42,884
88,37V!
11.198
31,668
(VtMS «»ll.»Sl'S20.H(i2
Tbtoi.
12.381
614.693 45.649
181.829
800
109,764
44.239 138.V03 2.3T2.260 348.284
R,ni7l
Low
1.; 82.375 8.i»02.900
1
ns%
TTiS
.1
7S«.««4
7"4
77g
lb.
7>*ii
8'8
.Middlliig
8"i«
7'4
778
8">,»
9<>B
9<>8
7>4
77g
I
9°e
Middling
18M
82.470 806.710
388.970 1,231,447
60.498
203.969 298.910
88.316
38.064
154.883 234,738
100.747
22.666
43.962 247,672
202.184 21.078
884.652 237.025
60,498
4.800
8.8U2
••••
Continent.
Britain. France
B.0B2
CD...
Norfolk
Great
1,800
S,8M
S
Good Ordinary
Strict Good Ordinary
UARKET AND
Exported to—
Sxported Uy~
Exports
Wtlming
not cleared-far
Lea etna
KOP. 22, AT—
Middling Fair
Receipts at-
&
LamlKTt, 24 Beaver Street.
The
week
total sales
and future
:
7>4
7^8
7>4
77e
8l»«
!
93g
I
938
SALES,
deliveries each
day during the
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.
8ALEB OF 8POT AND TRAKSIT.
SPOT MARKET
CL06£I>.
Steady ii« dec.
Mon. Steady'* ligdec.
Tiles. Steady
Wed Steady
Thur. Dull
FrL..jFlnn.
Sat.
.
Total!
</
Exr>ri.
Con- Spec- Tran-\
nunp. tti'l'n lU.
150i
650'
725
354
650
300
se
700
183
i'06
3,708: 2,212
156!
2,0931
215
IfU9Total.
Bate*.
2,818
569
800
906.
983
17,100
86,800
71,400
46,800
20,600
3i,600
6,0761274,300
daily deliverios given above are actoally dcUvered
previous to that on wUleh they are reported.
The
eritt.
I
tlie
day
«
1
1
1
.
THE CHRONICLE.
404
The Sales and Prices of Futures
shown by the
are
follow,
3?
S5
52.
»
w2
2S
^1
p.
£0
Dw
,S"
-
%d
E3
on-
II
p-
oo
a o
p.
WW
8
5ot
2
§5:;
1*^3
tMCOJ
1&
CO
WHOM
oooo
82 i
ceo
0>O
SHOOT
OoS*
*
^
oo
ass
p4
is,-
IJ
too)
"^
I
9
5
coco
coco
:
I
2
@
coco
coco
4j
2
"
»H
00
COCOQCO
COCO
cocc
(5c6
<iaa
c^
0>
toco
coco
5
,
1
©«•'
5
coco
coco
I
65":
2
so:
I
Has
ooocs
COCOOCO CO
0020 oooo COOo®
o«o<6
oo i 66°o
00
0)0 u
HH O
HH
^ HH >.
HH
00
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5
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i«:
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e.":
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oooo
^,j,o^ HhOq
8 "8 OOOO
^^O^l
|>
IJ
IJ
1
1
1
IJ
'^
e).i^:
1
?;;?»
og
ODCO
OO
00
MM
5
2
ag:
OOCC
00
MM
IKM
0)
5
2
'
W
»~4
®
MkO
HH
HH
OO ^
OO
5
*
>^'-'
MM
-1W
MO
®r:
[>
'^
2
''
1
i
w:
I
©»:
IJ
"^
I
1
'
I
I
I
5
2
'^
COCO
66
00
1
S
;
COCO
IJ
6ob
oco
'^
I
2
^=:
00
COCOOCO
cocoOeo
bco
*
o
CO
6i
I
COCOOCO
00
I
COCO
Qcob
'
®
I
:
I
2
"^
S)
5^
66
2
600
168,000
3,000
61,000
5,000
5,000
1,100
241,000
4,000
51,000
5,000
10,000
1,600
169,000
7,000
84,000
11,000
5,000
Total Continental stocks
260,700
315,000
384,400
351,800
CO
oco
SCO
a
CO
rf..
I
®
>
It-
5
400
700
500
1
Q
Egypt.,Brazll,&c.,afltforE'r'pe
Stock in United States ports
Stock In U. 8. interior towns..
United States exports to-day.
.
:
HHODH
oooo
66*6
MM H
HH
00
^S
1
2
Sir:
5
*
Liverpool stock
Continental stocks
American
Total American
Ea»t Indian, Brazil, dc.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
"*
HHMH
OOOO
jiMOfi
IJ
2
">
Total East India,
Total American
@«*:
HHMH
OOOO
rifiO^Cj
OO 1^
OOS)W-
SI
liSf"
:
&c
180,000
7,000
82,700
260,000
30,000
192,000
21,000
121,000
193,000
33,000
193,000
10,000
110,400
216,000
56,000
188,000
17,000
92,800
224,000
18,000
559,700
560,000
585,400
539,800
2,002,748 2,164,772 2,248,496 2,350,307
The imports
'
into Continental ports this
week have been
pared with 1886.
At the
Interior
Towns
movement—that
the
is
the receipts
and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the correspondifig period of 1887-88— is set out in detail in the foUovsdng
for the week,
statement.
©
B- 5"° S2.C S-nB ES: B
S
COCOOCO
6
6 66
qaco
CO
(0
2.0
ff
2.C
o
coco
IJ
WW
2
^
2,002,748 2,164,772 2,248,496 2,350,30T
—
The above figures indicate a decrease in the cotton in sight
to-night of 162,328 bales as compared with the same date of
1888, a decrease of 271,448 bales as compared with the corresponding date of 1887 and a decrease of 337,659 bales as com-
o
o
522,000
259,000
334,000
888,475
335,231
11,601
75,000 bales.
HHMH
OOOO
MM°M
,
756,000
274,000
460,000
578,302
150,775
29,419
Total visible supply
2,562,448 2,724,772 2,833,896 2,890,107
5ii,(,d.
4iBi6d.
Price Mid. Upl., Liverpool
5•>1^d.
5'!i6d.
9i8C.
lOiic.
PriceMld.Upl., New York....
lO^ee.
10c.
MCC
CO
696,000
194,000
270,000
740,700
256,142
7,930
613,000
178,000
360,000
633,320
177,502
40,926
bales
afloat for Europe...
United States stock
United States Interior stocks..
United States exports to-day.
8i":
S)
I
2
S)
:
coco
5
WW
w<l
I
2
<
o?
«r:
<1
COCOOCO
®l
wos Oci
oo
coco
w6
coo
r
I
I
CO
%
M
»
a
'
c*
coc:
5
2
COCCOXIO
M
COCO
'^
H
5
coco
<3jO
CO
®
:.
01
%\%l
I
%
I
II
I
COCOOCO
I
I
i;
I
I
1
^
1
I
,
"
^
S)r:
ts
COCOOCO
»^ CO cc
I
po
•->
OD QD a:
H' CO CO CO
® to <i Q to
A
M
»Fk
?
^•e
MfcO»©C0>-'lOtf».CO®C0at0®XX*»-'5«D
O
M
COCOOCO
OSCO
MM M
I
Oi <i I-" yi ci c;i to
»(* 00
<J h- CD
^
O
QDfcOW^O>OS<I
I
ucn
aOD>q;DCffq<|
00
tO)^tOt^<sItOCO&3QO<^
M
CD
»MMOccoc;o»Vo^co<ix**rf*-o;cco;b5
hS
c;'Oicoatf»-Ooc-^i--oa:tc--JCO(XMt(^c:oi
C;":D05tf>.<JMtOCl'tDOMCflQOOOH'<IC;»b5
CO
I
CO
^
COMMMMMH
O0>MC0-lWl»>.
M MMl^OHMO
Xi
H
CO
W
1
1
00
MMH
OS
d
I
oj
2
*'
-aw
I
CO
rf^
>^
w6*6
OOO o
b-
CO
Id
COCOOCO
I
00
I
I
o>
MMCDW
MW
<I0DMO': HM
OOCO
OSM
^^^t-^>^VKVl
HMl^-OitF-I^COWOi^H
WWAHOlt-<lHM4^UHM0SWW.
MM' M*-MHHHMCD
WMWrf^WHOSHHOO- ODrf-i^coi**-wao-j
OSHOJH H;
"wodwocom;
UMOOCOO:
M 00 O <I<0 W M O W CO 0DMOOOM4^^
CSCOWO-lMOrfooaDOi*^os<Jco<!OM:
osMcn-ao!0.
1
;
OSOOMQOCO-^
CO
I
ber, 585,500 Septeml)er-Dccember, for December, 980,400: SeptemberJanuary, for January, 1,650,500; September-February, for February,
M
M
^S^
w MH
" Includes sales In September, 1888, for September, 165,300 Septem
bei^Ootober, for October, 394,100; Beptember-November, for Novem-
<JH ^^ hh"wco
<IOl»--<100S-aOOOSM#
hVhmhho
;
881,300.
CD 00
Transferable Orders—Saturday, 10-OOc.; Monday, 9'90c.; Tuesday,
9-95C.; Wednesday, lO-OOo.; Thursday, 10 00c.; Friday, 1000c.
H en O H" (^ CO O 00
t-
C;i
to <J CD «! Oi 00
W^'CD^J WWMW_JOjR»COWvlGO«;pOlW
<i o Olio o» Vi'^i'rfi.o'ai'bi V'o o'c'm en V"co
CCOitDOCDrf^Oi
MQOOCSCOMCOrf^OO'COrfi.CC-^OCDCOCC'.p
C;iC;i)fk.<lCO»(^CD
01
M CD CO CO 00 Ui CO
00
10 00 to
00
00 CD en 05 to rf»> <I
M Qi CD M © -qt- tO-v] JD
The following exchanges have been made during the week:
.29pfl. to
07 pd. to
07 pd. to
•08pfl. to
03 pd. to
•aOTpd. to
•J4p<l. to
•02 pd. to
•08 pd. to
11 pd. to
oxcb. 100 Apr. tor Aur.
exch. 400 June for July.
exch. 100 May for June.
exch. 300 April for May.
excb. l,000Mar. for Apr.
exch. 300 Apr. for Aug.
exch. 100 June for Aug.
exch. 200 Mar. for Apr.
exch. 100 May for Jiine.
exch. 500 Nov. for Jan.
:
American—
Si.":
I
334,000
18,000
888,475
335,231
11,601
2,562,448 2,724,772 2,833,896 2,890,107
Total visible supply
oo o
o© <
CO
460,000
56,000
578,302
150,775
29,419
Of the above, the totals of American and other descriptions are as follows
OOOO
^jlOjl
1
270,000
33.000
740,700
256,142
7,930
>•
HHrf».H
os»
360,000
30,000
633,320
177,502
40,926
Amer.cott'n afloat for Europe.
HH
5^
00 >
66 2
I
H
H
O »M
300
1,900
131,000
4,000
56,000
7,000
9,000
*>-
66
HO
727,000
4,100
41,500
28,000
959,000
2,500
40,500
29,000
2
5^
:
M
6co
M
.
COCOOCO
CDCO^ob
CO
coco
o*
coco
2
coco
S|
sr:
coco
o^
1
2
^
I
COCO
8 »M
5
coco
obob
COOD
I
909,000
4,000
47,900
20,000
Total European stocks.. .. 1,060,700 1,224,000 1,343,400 1,078,800
260,000 193,000 216,000 224,000
India cotton afloat for Europe.
HH ^ 00
OO 5
MH 2 MM
MM
HHCOH HHOH HHOH
OOOO OOOO
OOOO OOOO
cogo HHCOH
MM M MM*M iiAO^J] Qo<l oa
00
OO
OO IJ
MM 2 MM 2 MM 2
MM
2 MM 2 oo-aH*<
oco " OOO
e®:
s)P:
e,-^:
HH<JH HHMH HHMH
OOOO
OOOO OOOO OOOO
icjO
ciOio
M
MM*M
MM*M
HM H
1
^
cooco
tO*CD
GO
I
coco
coco
^
i»-to
2
"i
I
S
"^
800,000
2,300
81,000
18,000
Total Great Britain stock.
Stock at Hambmg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
:
COCDOCD
CO
-J
^
cots
coco
QD
ts
SCO
srg.~
COS
ij
1
5-®<i£
wtoo
as made up by cable
as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (Mar. 33), we add the item of exports from
the United States, including in it the exports of Friday only.
1889.
1888.
1887.
1886.
bales.
793,000 888,000 949,000 710,000
Stock at Liverpool
7,000
21,000
10,000
17,000
Stock at London
is
S
:
b:
[Vou XLTin.
The Visible Supplt of Cotton to-night,
and telegraph,
ing comffl-ehensive table:
to
<1
-
•08 pd. to exch. 500 July for Aug.
•24 pd. to exch. 200 Apr. for July.
•17 pd. to exch. 1,300 Apr. for June.
•27 pd. to exch. 100 Mar. for July.
•02 pd. to exch. 700 Mar. for Apr.
•40 pd. to exch. 100 Sept. for Aug.
•24 pd. to exch. 100 Apr. for July.
•09 pd. to exch. 20 April for May.
•01 1x1. to exch. 300 Mar. for April.
•31 pd. to exch. 300 Mar. for Aug.
COM
Mrf*-
c;*
M
CO
c;
o
M
O
i
I
*
00
H
CO
The
<1H\M
rfh
Mm;
03 00 CO os"^ en;
coocooirf^-tf^;
OOtoenoicn.
W
O
tO^JM
en
«>
O
<|
CJICO to M to X CO
M CD M
<I O CO CO
M CO COQO CD Q
O CO O CO OS
COOlV
to CO CO I- -:i Oi QD to CO
tf*' CO en
<1 lOOD
<i
MM
a M*: »M©©;
oomVc;''
to
i*».5>co<x.
i
I
CO
,^^
m ©ommVt'Mtoprf^©:
t
(fr.
t;*.
*^o:omcd.
to
'^•^COQ0CO<ICO
to<Jos"Vo©Ci<i
^©cdm: ^acoMcoMS^cn
to
figures for Louisville tn both yeaiB are
t^cooD ©!&*-»(»>
•*
net."
I
.'
i
I
to
^
..
Mabch
.
THE CHRONICLE.
28, 1889.]
The above totals show that the old interior stocks hart.
deeriaxed diiring the week 20,802 bales, and are to-night 78,640
baU\s lens than at the same period last year. The receipts at
the snine towiLs liave been 10,185 bales more than the Hanie
week last year, and since Sept. 1 the receipts at aU the towns
are 83.493 "bales more than for the same time in 1887-88.
Quotations fob Midduno Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
CLOSniO QUOTATIONS FOR MIDDI-ISO COTTON ON —
Week etulinoi
Uar. 22.
Sahtr,
3fo»».
10»,«
lOS,,
Wednei.
Tttet.
Tliuri.
Fri.
1018
91818
9l»,«
9»8
lOls
I
Galveston
New Orleans
Mobile
. .
Savannah
. . .
Cborlcaton.
.
Wilmington.
9\
9'8
9''8
10%
9»8
lOig
9'8
9''8
I
10
Norfolk
Boston
I
I
10
10»4®S8
10Sb»>s
Baltimore...!
Philadelphia,
AuKuata
9:i»
i
....
lOH
10%
1018
9%
9%
9i»i8
913,8
9=9
101s
9'8
9»B
lOls
»'»
10
10
9%
9^8
lOifl
lOie
10>8
1038
1038
lOljg
10%
10%
'twi.
101,8
9lJi«
918,,
9l».
10
10
Si'i«
9»e
lOig
10
10l4«'B
lO'n
9^8
91»,«
9i»,a
lOie-
10143% lOU^^
Idis
^Sli«
Memphis
et lyOUlS
10>8
10
loi4a%
103,,
10%
101,,
913X8
91'9
10
i8""
10
10
Louls^ille. ..
10
Receipts from the Plantations. The following table indicates the actual movement each week from the plantationsThe figures do not include overland receipts nor Southern consumption; they are simply a statement of the weekly move'
ment from the plantations of tliat part of the crop which final
ly reaches the market through the outports.
9''8
Clnciunatl
Wuk
10
10
10
.
—
lUttivti at tht PorU.
SiuNntf-
1887.
I
1868.
918,6
10
10
SVk at InUrioT Tovnu. Btc'vU from Plant
1888.
1887.
1889.
I
1889.
8a,S8!i 84.1371135,070 .121.3fl6:3«0.44I 1380,887
rab.15..
1887.
1888.
75,150
75.915 119.436
59,197 7S,60«
39,538 70,020
51,389 56,668
89,695 49.294
96.850 301, 199, 360,614] 297.545 74.8W
78.951 65.582, »«,593!265.9(ll 324,58ej370,9?S 44,743
72.W>3| 78,469' 81.8!b'338,S«S 30J,50sl24l).002l 43.924
57.7161 47,333 80.026;200.9H 384.W0i 216.270 21,668
4«.29S; SH.380 84.2731 173 &Hi276.960| 19B,62S 19,230
K.OIS, 69,024
Mar.
"
1...
;
8..
nt
1889
406
Viekdmrg, Mi«ns»ippt.— It has rained two days of the week,
the rainfall reaching two inches and six hundredths. Average
thennometer 66, highest 87, lowest 47.
—
Helena, Arkansas. It iias been showery on two days and
the remainder of the week has been pleasant. The rainfall
reached one inch and thirteen hundredths. Farmers are making good progress with work. The thermometer has averaged
59, ranjang from 42 to 78.
Littl^ock, Arkansas.— 'Rain lias fallen on two days of the
week and it came very opportunely for planting interests,
which are now in excellent condition and shape. The rainfall
reached one inch and forty-two hundredths. The thermometer has averaged 57, the highest being 74 and the lowest 44.
Memphis, Tennessee.— yVe had rain on four days of the
week, btrt the weather is now clear. The rainfall reached one
inch and eighty-eight hundredths. Fanning operationa are
unusually well advanced. The thermometer has ranged from
47 to 80, averaging 62.
Nashville, Tennessee.
It has rained on two days of the week,
the rainfall reaching sixty-eight hundredths of an inch. Average thermometer 59, highest 78, lowest 37.
Selma, Alabama. Telegram not received.
Mobile, Alabama. The weather has been excellent for farming operations, which are progressing finely.
Considerable
cotton has already been planted,
The thermometer has
averaged 59, the highest being 67 and the lowest 45. Ilain fell
on one day to the extent of sixty-four hundredths of an inch.
—
—
—
Montgomery, Alabama.
—
It rained lightly on two days but
closes witli beautiful weather.
The rainfall reached
twenty -nine himdredths of an inch.
Planters are making excellent progress. The thermometer has averaged 60, ranging
the
week
from 4^to 81.
Auburn, Alabama. The week's precipitation has been thirtyfive himdredths of an inch.
Average tnermometer 59 '5, highest 76 and lowest 43'5.
Madison, Florida. It has rained on one day of the week,
the rainfall reaching fifty hundredths of an inch. The thermometer has averaged 60, the highest being 78 and the low-
—
—
est 43.
—
Columbus, Georgia. We have had rain on one day of the
week, the rainfall reaching seventy-five hundredths of an inch.
The above statement shows: 1. That the total receipts from The thermometer has averaged 59, ranging from 48 to 68.
Savannah, Georgia. Rain has fallen on four days of the
the plantations since September 1, 1888, are 5,355,517 bales: in
week, but the weather is now pleasant. The rainfall reached
1887-88 were 5,313,771 bales: in 1886-87 were 5,131,658 bales.
inch. The thermometer has
2.
Tliat, although the receipts at the outports the past week fifty-four hundredths of an
were 84,373 bales, the actual movement from plantations was ranged from 46 to 77, averaging 56.
Augusta, Georgia. The weather has been generally clear
only 64,631 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations and pleasant, with light rain on three days in the early part of
The rainfall reached fifty-two hundredths of an
for the same week were 30,470 bales and for 1887 they were the week.
••
15..
22
i
1
80,470
64,631
—
—
—
—
19,230 bales.
Amount of Cotton in Sight Mar. 22. —In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Mar. 1, and also the
tiikings
by .Southern spinners
^ubstantifuly the
amount
to the
of cotton
same
now
1888-89.
date, so
in sight.
1887-88.
Ets
to give
1885-86.
188e-87.
ReoeipU at the ports to Mar. 22 5,175,264 5,060,641 5,005,872 4,791,502
Inteiibr stocks on Mar. 22 In
180,253 253,130 125,786 342,542
excess of September 1
I
I
|
Tot. receipts
from plantat'ns 5,355,517 5,313,771 5,131,658 5,134,044
Net overland to Mar. 1
779,991|
325,000,
1
SouthemconsumpfutoMar.l'
Total In Bight Mar. 22
816.752
300,000
617,134
205,000
62,3,233
250,000
6,460,508,6,430,523 6,004,891 5,956,178
Northern spinners' takings to
Mar. 22
1,578,219 1,458,692 1,304,637 1,408.527
I
I
ll
is
Average thermometer 59, highest 80, lowest 45.
Charleston, South Carolina.— It naa rained on five days of
the week, the rainfall reaching ninety-five hundredths of an
inch. The thermometer has averaged 56, the highest being 88
and the lowest 45.
Statebiirg, South Carolina.
It haj rained on four days of the
week, the rainfall reaching one inch and fifty-seven hundredths. The thermometer nas averaged 51, ranging from 44
—
to 69-5.
—We
have had rain on four days of
Wilson, North Carolina.
the week, the rainfall reaching one inch and eighty-six nundredths. The thermometer has ranged from 38 to 66, averaging
48.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock Mar. 21, 1889, and Mar. 22, 1888.
I
It will be seen by the above that the increase In amount In sight tonight, a.s compared with last year, is 29,985 bales, the increase as
compared with 1886-7
Preparations for planting are progressing uninterrupt-
inch.
edly.
455,617 bales, and the increase over 1885-6
504,330 bales.
Weather Reports by Telegraph. —Reports
to us to-night
by telegraph from the South indicate that the weather has in
general been very satisfactory, and that planters have made
good progress in prepaiing for the next crop.
Galveston, Te.xns. There has been one bght shower during
the week, the rainfall reaching two hundredths of an inch.
The thermometer has ranged from 50 to 73, averaging 62.
Palestine, Texas.
It has been showery on one day of the
week, the rainfall reacliing sixty-six hundredths of an inch.
Planting is progressing. Average thermometer 64, highest 80,
lowest fe.
—
—
Jfor. 21, '89. Ktar. 22, '88.
Above low-water mark
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Orleans
Memphis
Nashville
Shreveport
Vioksburg
—
—
—
—
;
2
3
5
IncA.
10
4
Miss ing.
1
8
29
3
7
27
iTieh.
11
23
28
Feel.
—
Jute Butts, Bagging, &c. The demand for haggling has
light, and scarcely any inquiry is reported for quantifilers are a shade firmer as to price, and for the
ties,
small parcels moving are quoting l%@9%c., as to quality.
For jute butts the market is quiet, and prices are quoted at
2J^c. for paper grades and 2%@2Xc. for bagging quality.
—
—
7
17
been
India Cotton Movement
and shipments of cotton at
San Antonio, Texas. The weather has been dry all the the week and year, bringing
week. Com is growing finely, and cotton planting is going
BOMBAT BECEIPTB AND
on well. Tlie thermometer has averaged 64, the highest being
80 and the lowest 49.
New Orleans, Louisiana. It has rained on one day of the
week, the rainfall reaching eighty-nine hundredths of an inch.
The thermometer has averaged 65.
Shreveport, Louisiana. FUunfaU for the week sixty-two
hundredths of an inch. The thermometer has ranged from
60 to 78, averaging 61.
Columbus. Misstssi2}pi. It has rained on one day of the
week, the rainfall reaching seventy-five hundredths of an
inch.
Average thermometer 55, liighest 70, lowest 40.
Leland, Mississippi. Rainfall for the week eighty-one hundredths of an inch. The thermometer has averaged 61'1,
the highest being 78 and the lowest 40.
Oreenville, Missiviippi.
The week's precipitation has been
fifty-three hundredths of an inch.
The thermometer has
averaged 59, ranging from 49 to 74
11
Feel.
New
Shipnuntt
Ihii
Tear Greai OontiBrifn.
nenl.
week.
Total.
from all Ports.—The
receipts
for
Bombay have been as follows
the figures down to Mar. 21.
SHIPMENTS FOB FOUB TBAB8.
SMpmtnlt Hnee Jan.
Oreal
Britain
Oontir
nenl.
1889 23,000 22,1)00 4VOOO' 143,000 303,000
1888llS,00<l w.noo L't;.(>(H> 69,000 215,000
18«7 lo.odo •JL'.llllll :!_',ooO 71,000 229,000
i;i iHH)
91,000 2;»0,<K)0
18>itl'l!),(>(KI
1.
ToUU.
StetipU.
Thit
Week.
506,000 79,000
284,000 «1,00«
:ioo,ooo (i'J.OOO
321, (HM) t;4.<M>0
Jan.
1.
808,000
.V2,-.,000
-.40.000
.M'.I.OOO
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
18,000 bales, and an increase in shipments of 19,000 bales, and
the shipments since Jan. 1 show an increase of 232.000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported weelc and since the 1st of January, for two
" Other jwrts " cover Ceylon, Tutiyear6,ha8 been as follows,
corin,
Kurrachee and Coconada,
-
.
1
:
1
THE CHRONICLE.
406
Shipments for the
Shipment! since January
teetk.
Continent.
Great
Jtritain.
Total.
Calcutta -
22,000
21,000
28,000
37,000
1,000
1,000
5,000
7,000
2,000
1,000
3,000
3,000
21,000
14,000
9,000
10,000
5,000
2,000
48,000
42,000
39,000
48,000
Madras—
1889
1888
All others
1889
1888
Total all 1889...
1888...
2,000
1,000
3,000
1.000
1.
—
that the movement from
the porte other than Bombay is 3,000 bales moi-c than the same
week last year. For the whole of India, therefore, the total
shipments since Jan. 1, 1889, and for the corresponding periotls
of the two previous years, are as follows:
The above
totals for the
week show
EXPORTS TO EUROPE FROM ALL INDIA
Europe
AUotlierports.
1887.
Since
This
week.
Since
This
week.
.Since
This
week.
Jan.
45,000
5,000
506,000
87,000
26,000
2,000
284,000 32,000
90,000
9,000j
300,W)0
04,000
50,000*
593,000
28,000
374,000
41,00o!
394,000
from—
Bombay
'
1888.
1889.
Total
1.
Jan.
1.
Jan.
1.
Alexandria Reckipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benachi & Co. of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
,
Alexindria. F.qypI,
Mar. 20.
Kecclpts (cantars*)
1888-99.
—
1
1887-88.
1886-87.
17,000
2.809,000
12,000
2,821,000
Thursday that Mr. William Woodward, Jr., of the firm gf
Woodward & Stillman, had died suddenly the previous night
West Fifty-first Street. The impresby the annoimcement was so great that business
was practically abandoned for the day. Mr. Woodward, apparently in the best of health, had been on the floor of the Exchange on Wednesday afternoon transacting business, but in
the evening, at Fourth Avenue and Twenty-eighth Street, he
was stricken with apoplexy and taken to his home, where he
died. He was bom in Baltimore in 1837, came to this city in
1863, and started in the cotton trade, first by himself, but subsequently as a member of the firm of Smith, Duiming &
Woodward. The firm was later Smith, Woodward & StiUman, and upon the retirement of Mr. Smith, about fifteen
years ago, became Woodward & Stillman. Mr. Woodward
was one of the incorporators of the Cotton Exchange, and
from 1875 to 1880 was one of its Board of Managers. He
ranked among the ablest men on the Exchange, was kindhearted and generous, and at various times had assisted com-
at his residence. No. 11
sion produced
petitors out of
13,000
Thlswe«k....l
Since Sept. 1
2,f>77,000
.
'
1.
This
Sinee
week. Sept. 1.
5.000 206,000
6,000 123,000
4,000,219,000
4,000 133,000
Since
Ihi%
week.
Export-a (bales)To Uvcriiool..
ToC'ontiueut.
Sept.
I
[Vol. XLVIll.
Doab, and In Bundelkband, the excess varied from 2 to 14 Inches, and
in many places was double the normal rainfall for July. Tb August the
fallin the Meerut and Rohillihand divisions was somewhat less than
Total.
usual, but in Bundellitaand and in the lower Doab the falls continued as
he ivy and incessant as in the previous month. The result was that,
while the crop from most parts of the Meerut division and the districts
50,000 of Asra and Muttra have been reported much about the average, in the
58,000 districts of Etah to Allahabad in the Doab and tn the traiiB-Jumna
tracts of Jalaun, Jhansi, Hamirpur and Banda, there was a consider7,000 able shrinkage iu are^, and the condition of the standing crop was no8,000 where returned over 50, 100 representing a full average crop.
Outturn.— Applying the standards of average outturn llrod in pre«0,000 vious .vears to the conditions of crop noted aljove. the aggregate out24,000 turn of the present crop amounts to 29.000 tons, which is nearly 8 per
cent less than the outturn of the preceding year, which again was a bad
year for cotton.
87,000
90,000
It was announced on the New York Cotton Exchange on
Oonlinenl.
B^'riMn.
2,000
1,000
2,000
1,000
1889
1888
to all
j
This
Sinee
tcjek.
.Scot. 1.
5,000 235,000
5,000 129,000
serious
Besides
difficulties.
operations in cotton he
was engaged
extensive
his
largely in the develop-
ment of Southern interests. A meeting iu honor of his
memory was held by the members of the Cotton Exchange on
Friday at 3:15 p. m. The funeral will take place on Saturday
at 1 p. m. from St. Thomas' Church, Fifth Avenue and Fiftythird Street.
11,000 329,000
Total Europe.
A oantar Is 98
*
8,000,352,000 10,000;364,000
pounds.
This statement shows that the receipts for the week ending
Mar. 21 were 13,000 cantars and the snipmente to all Europe
11,000 bales.
—
Manchester Market. Our report receive<l by cable to-night
from Manchester states that the market continues quiet for both
yams and sheetings, but that the demand in each case is
We ^ve the prices for to-day below, and leave
poor.
those for previous weeks of this and last year for comparison
1889.
8I4 lb:
Shirtinye.
32* Oop.
nasi.
d.
8.
d.
Fl).15'8>i« aS'ieU!
22 7io,63K7,g6
Mar. 1 716,99 8'i6|f.
•'
•'
1888.
8 716,88 S'lB.O
15 715,89 87,8 6
" 22 715„a87,6 6
••
B.
d.
«7
87
87
47
67
a7
Onll'il
8I4 lb'.
Shivlinys.
Mid. 32 « Cop.
iwit!.
Uplds
a.
5-<,8
A.
d.
Ootl'n.
Mid.
Uplds
8.
d.
5
5
8
87
S
47
5 'is
S-'ia
5
5
8
712*7
5n„7»iea8i]6 5 7 a7
5Lj
538
538
5>,6
7^ a8%
®8%
©8%
734
5^8
5=8 7%
5=8 7ii„a83i6
5 !,« 71i,8W85,f,
5
East India Crop,— The Bombay Company
their report dated Feb. 15, remark as follows
8.
S7
d.
d.
(Limited), in
:
Receipts continue on the same scale as before, the arrivals from the
Berars and Rn-acli districis being pan icularly large. Dhollcra cotton
Is coming luto the market omiy. and the (luantity received up to the
present time is larger than last year, when, Ir wil be remembered, the
crop was unusually forward. The outturn o( this crop Is expected to be
about the same as Last yor. but the iiuality promises to be better. Receipts from tlie Bengal districts show, on the total, an increase fiom let
January of about 10,000 bales over last > ear, aud it is expected as the
season advances that the nuantity will be increased, ,is there is little
doubt that the eroii is a full one. The iiuality of recent arrivals Is better, tiut there is still room for improvement in this respect. There is no
change in the reports from up-country, aud the ciop all round Is being
marketed under favorable conditions.
The Jreport of the Revenue and Agricultural Department
upon the cotton crop in the northwestern provinces and
Oudh, dated Calcutta, Feb. 13, is as follows
Distribution.— The cotton lands in the provinces may be said to be
:
Doab
Ganges and Jumna, to the trans .Tumna
tracts of Agra, Muttra and Bundelkband, and to the western districts of
Bohilkhaiid bordering the Ganges. From Jauoporc eastwards, and in
Oudh ni>rih of Uuao and Har,. 01, very little cottcn is cultivated, and
irbac little there is consisis lor the most part of Manna or Kadhia, a variety which does not appear In the market till after February.
In the Meerut division a large portion of the cotton area is sown by
the aid of artltioial irrigation a month or so before the setting in ot the
monsooo, but in the rest of the province almost the whole o( the cotton
area is sown on the rains setting in. Tliis latter area is subject to considemhle ttuctuatlon, according as the rains may happen to lie rtelayed
or may happen to be so continuous at their commeticement as to afford
oonMned
to the
of the
opiiortuuiiy for the requisite pieparation of the soil,
C<mdilton and Area.— Thci-e were some sliKh! showe s in the teginnlugof June which benefited the plants oa i rigated land, liut iir.ved
altogether insulllciont for the preparation of the unirr gated land
The regular rains set In from the 25th of Juue. In July the fails were
generally in excess of ihe normal figure. This excess in the Meerut
division and in the districts of Muttra aud Agra was but slight now here
•sxo«eding three inches; but iu KohllkUand, In the lower secuoue of the
little
Exports of Cotton Goods from Great Britain.— Below
give the exports of cotton yarn, goods, &c., from Great
Britain for the month of February and since October 1 in
1888-89 and 1887 8S, as compiled by us from the British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
we
lam^lhre^id.
Tbfol 0/ All.
Cloth.
OOOi amitt«I.
188S-0. 1887-8.
ISSS-O.
18S80 1887-8
1887-8.
1887-8.
18S8-9.
[
Yds.
462.537
435.840
398.h80
Yds.
409.987
425.565
455.815
Lbs.
Lbs.
84.096
79.244
77.376
72,520
8-J.875
Lbs.
Lbs.
Lb,.
Lbt.
October
November...
December...
26.010
22.037
22.1 an
24.2SJ
01.688
98.773
103.125
107,838
Tot.lst quar.
70,«I3 "74.918 1,897,827 1,291,347 835,860 234.700 ~80«,073
309,738
January
February...
23.111
21.567
Sandry
25.749
21.963
21,705
2J..';44
431.420
408.041
418,890
420,452
74,53!l
1
,
10.106
101.281
78.441
76.071
101,E5'2
07,778
74.190
76.446
95.757
90.9110
P51
9.277
1,211
10.047
613,810
518.770
artlcl es
Total eip orts cot ton
1
ma DQfacture!S
The foregoing shows that there has been exported from the
United Kingdom during the five month? 513,610,000 lbs, of
manufactured cotton, ngainst 518,770,000 lbs. last year, or
a decrease of 5,160,000
lbs.
—
Shipping Nf.ws. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
115,893 bales. So far as the Southern ports are coijcerned, 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.
Total baltl.
AnLiverpool, per steamers Arizona, 1,058
choria, 215. ..Britannic, 1,737. ..City of New Yorlr, 2,832
Sii^
Egypt, 2,335... St. Bonans, 3,050
Dalton, 2,989
19,492
lus. l,7t)l....UmUna, 516.. ..Victoria. 2,999
2,279
Martello,
2,279
steamer
To Hull, per
Nbw YORK—To
To Havre, per steamer La Gascogne, 1,400
Elbe, 84C...,
To Bremen, per steamers AUer, 200
Europa, 50.
To Hamburg, per steamers California, 1,350
Caland,
602
per
steamer
P.
To Amsterdam,
To Antwerp, per steamers Hermann, 1,116.. .Zeeland, 1,076
To Copenhagen, per steamer Hekla, 825
To Central America, per steamer Newport. ICO
Nbw Orleans—To Livcri>ool, per steamers Alava, 4,>-00 An-
Newton, 3,156
Murciano. 4,750
dean, 3,995
an. 7,605... William Ciiffe, 5.752
To Bremen, per steamer Chelydra, 6,130
To Hamburg, per steamer Canton, 2,600
To Barcelona, per bark Consuola, 750
To Genoa, per steamer Resolute, 4,705>
Savannah - To Nordkopiug. per hark DUmant, 937
2.0OO
To Pooteeloir Harbor, per
Brunswick— To Bremen, per steamer Maristow, 4,720
o,80l
Barcelona,
per
steamer
Camden,
"To
CaARLESTON— To (Jeuoa, per brig Enole, 1,100
Galveston— Til Liverpool, per bark I^leauor. 1,911
To Bremen, per steamer EJmondsley, 2.04O
Norfolk— To Liveri>ool, per steamer Cauopus, 631
.
—
1,400
1.04»
1,400
602:
2,192
825
100
Tex-
30,358
6,13»
2,600
750-
4,T0i
937'
2,000
'
4,720'
I
3,801
1,100
1.9U
!
'
2,040-:
681
.
March
:
..
..
.
THE CHRONICLK
23. 1889.J
per steamer Maaeotte, 3,978
Wmt PoiST—To Mvcrpool,
Liverpool, per steaiiier HlclUa, 4,405
Kbwpokt Ni;w«—To
BOSTDN— To Liverpool.
loiila.
..
^.'-.tiH
3,»<78
4,-lOS
Total
8.%0
particulars of these shipments, arranged in our usual
form, ate as follows
:
A m'dam eia
,
anu Iflona Central
Brem.dl and
and AmerHam- Ant- Den-
New York..
N. Orleang .
8avnnuah..
19,192
30,358
.
2,704
••..
684
3,!iio
Nws
4,485
Boston
C?tt-v?7
Baltimore.
5,032
100 29,336
44,543
2,937
..
3,801
1,100
2,0l0
8,521
I.IOO
3,981
•.••
684
......
......
*««*«
*•
1,491
3,878
4,465
8,148
6,523
1,776
850
74,924 1,400 19,427
.
Total.
5,455
926
Plill'delpb'a
tea.
825
2,937
1,941
..
Total.
2,446
8,730
4,720
West Potat.
N'wp't
werp. mark. Oenoa.
......
Jtrunawlck
Charlenton .
Oalveslon..
Is'orfolk
1,400
burg.
3,644
100 115,892
3,782 10,356
from New York are 2,279 bales to Hull.
Below we arid the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates
Incliuled in the above total
M«a., Mar. 18.
OpMI B14k Ltm. OlM. Op«n
926
The
pool. Bavre.
Bac, Mnr, 10.
9,148
5.032
1,191
115.892
•'
Liver-
Ses IM«»
(Am*/
Cepba-
piT atcainer llnHtonlaD, 1,1 13
lowii. 2,5ltl.... Venetian. 2,870
Liverpool, per Hteamor Oraumore, 5,032
To Ilriincn, per jiieamir .Seikiir. 1,491
Phii-adklpiiia— To Liverpool, per steamiT IlrUlsb Pnucc, 928..
To .Vntwerp, pcrsteumer Switzerland, 850
Baltimokk— To
".
407
17* TK* priMf or* jMiit M jmhm and 84Mf
Be3aM..aiuie0tawafMe 1-6M.
Total halfi.
4.
B40 541
«.
d.
641
3 40 6 40 6 40 &<0
ilprll-May.. S40 6 40 6 40 6 40
Uay'^un".. 6 41 6 41 541 641
Jnne-July.. Sll 6 4« 641 54a
Jaly-Aug... 6 4« S4a 6 43 6 42
Aug.-Sept. S40 6 40 6 40 6 40
Septombcr S<0 5 40 6 40 6 40
S87 6 27 6 87 B87
gept.-Oci.
Uareta
Mar.. April
6 40
.
WedDei.,niar.'.jO.
Op«n Bi«k bow.
March
A.
5 4t
6 41
6 41
8 41
641
8 41
S4l 641
6 48
8 43
9 40
6 40
341
6
4.1
8 41
Than.,
Oixti ffl«k
A.
i.
839
8 40
5 4(1
6 89
8 40
6 40
6 40
6 40
641
5 40
3 40
8 41
8 41
6 41
6 48
8 48
3 40
8 40
6 28
6.39
S40 8 39
5 40
8 41
5Slf
6 40
641 6 42
539 839 639
8;t«
B39 5 39
September S39
Sept. -Oct.. 820 827 6 26 527
6 48
5 40
6 40
8 40
6 40
6 41
6 4«
S40 889 630
6 40 638 6 39
627 687 620 6 27
d.
J»Qe-July.. 6 40
July.Aoi?... 6 41
AuK.'Sept.. 6 89
40
40
40
40
4il
It.
SS9
OlM. 0»«f> a««ik Low.
i.
6
6
6
6
5
d.
Usr.-Apill
5 39
April-May.. 5')9
May-Jane..
atot.
tMVl.
«.
TsM., Mar. 1».
8 41
B40f5 41
6 42
6 42
5 40
6 40
8 27
i.
It
6 38
6 34
638 638
3')
6 88
8 38
6.<N
630
689
6*n
BMI
638
6W
684
688
880
5
S40
840
688
598
88 823
8
Alar. 31.
Frt.,
6 8»
SS7
5ST
825
a.
5a«
S88
sas
BM
688
B8S
Mar. 33.
Lau. ClM, OptnlHigh Low,
d.
d.
4.
6 40
8 40
6 40
5 40
6 41
640
641
641 6
8 40
5 40
9 41
6 41
6 42
8 42
6 41
6 41
841
8 41
842 8 48
840 6 40
5 40
3 40
527
887
d.
4.
41
848
6 41
6 41
8 41
6 43
842
643 543
6 48
8 41
8 41
641
6 40
5 41 540
688 628 687
ll.
641
641
641
5 4*
6 4S
64S
641
6 41
698
New Orleans—To
Liverpool— Mar. 18—per steamers Uarien, 4,845;
Leonora, 6.300
Mar. 19 -per steamer Inventor, 4.683.
To Havre— Mar. 16— per steamer Buenos Avrean, 5,265.
To Ecval -Mar. 16-per bark Prince Victor, 3,3,SI.
To St. Pet«i6bHrj.'-Mar. 16— per ship Prince Albert, 5,400
Mar.
19— per bark Pallas,
.
To Barcelona - .Mar. 15— per bark Catalina, 500
Mar. 16— per
steamer M.igiiel M. Pinillos, 4,055
Mar. 19- per bark Teresa
Figiieras.
.
Savannah— To
Kev.il— Mar.
16— per steamer
Camellia, 3,800.
To Getle— Mar. 16 -per brli? Rudolphlno Burehard. 1,000.
Bbdnswick— To Barcelona -Mar. 18-per bark Estrclla do la Manana,
Charleston- To Bremen -Mar. 16— per steamer Enfield, 4,462.
To Barcelona -Mar. IS — per strtam*^ Jolin Dixon, 3.970.
Newport News— To Liverpool— -Mjr. 18— per steamer Thanemore,
Mir.
Boston-To Liverpool— Mar. 15— per steamer Palmyra, 372
18— per steamer Kau^a^, 2,830
Mar. 19— per steamer Virgin.
ian,
.
Cotton freights the pist week have bsen as folio vs
Satur.
Clverpool, steam d.
he
DovlaGl'sg'w.d.
Havre, steam
e.
....
Do
sail
Do
e.
h
>»••
steam.i^.
Do via London
d.
ha
3l8
"18
".•!3
"32
1632
i^M
"30
"la
Ja
%»
^
H
"^'i«
"hi
•'13
V
52's*
"he
....
.
frleate. steam... rf.
Antwerp, steam
hn
»2
Amst'd'm, steam .e. 52i3*
Do via London.d.
.--.
Beval, steam. ...d. liK®%
Do saU
rt.
>«•
Saroelona.steam d.
»a
Oenoa, steam
d.
5l«
. .
Tuet.
»ia
Wednes.
T^ur^.
Fri.
••
via l^ithii.
Samburir,
Hon.
15.J.,
e.
Bremen, steam
:
^mThH
(i.\
52
V
52
B16
»13
"3^
61s
SlB®lI:l2
•"16
'is
52
^I's
"he
"h
3g
618
618
I
I
I
'is
V
52
V
"he
H
»18
6iB®ll.^o
I
B R E A D S
T U F F
S.
Friday. P. M., March 22, 18E9.
The flour market was quite depressed early In the week, in
sympathy with the decline in wheit, and in soai? cases
prices were reduced 5@10c. per bbl. even more when it was
desired to close out any considerable line. There was not much
prtssure to sell, and on Wednesday the lower prices brought
out an active and general demand, which resulted inconsiderable transactions, followed on Thursday (with wheat making a decided recovery) by a larger and more general business,
the export demand leading. To-day the market was again
hardening, and our quotations remain generally unchanged
for wheat flour, the decline early in the week having been
—
recovered.
The wheat mirket underwent a semi-panic during the
first
half of the week under review, in which prices dropped tD
the lowest figures that have been current in many months,
due to improved crop prospects and the pressure of large
stocks upon which there has been a growing necessity to
realize. The lowest prices were reached on
inesday morning, namely, 90,i^c. for April, Oli^". for May, 9io. for June.
90%c. for July and 93J^c. for December. It will be noticed
that the decline was much more decided in early options than
in the more remote deliveries. The lower prices led to a considerable buying for export, on which there was a partial
recovery on Wednesday, ani a smart advance yesterday,
which brought export business to a standstill. To-day there
was renewed buoyancy. There was an urgent demind to
cover contracts, with a fairly active baying for export and
home milling, partly at 94c., delivered for No. 2 red Winter
and 93)^0. f o. b.
We
.
*
Per 100
lbs.
—
Liverpool. By cable from Liverpool we have the follow»ng statement of the week's sales, stocks. &o. at that port.
Mar.
fialea of the
week
bales
01 which exporters took
Of which BpeoiUatorBtook...
ISales American
Aolaal export............
..
ForwarJeil
Total Btock-Eatimated
01 which American- Estlm'd
Total import of the week
or which Aiuerioan
mount
alloat
or which American
The tone
1.
63,000
2,000
4,000
48,000
11,000
69,000
753,000
603,000
100,000
87,000
237,000
133,0001
iTar. 8.
64,000
1,000
2,000
56,000
8,000
81,000
761,000
592,000
98,000
61,000
222,000
127,000
Mar. 15.
47,000
2,000
1,000
33,000
9,000
79,000
7.59,000
58r>,000
S6,000
60,000
2.'i 1,000
164,000
Ztar. 22.
51,000
2.000
2,000
43,000
."..OOO
611,000
79.i,00O
613,000
10',),000
sii.OOO
2.")-',000
149.000
market for spots and futures each
day of the week ending Mar. 23, and the daily closing prices
•of spot cotton, have been as follows
of the Liverpool
DAIbT OLOSDia PRICB8 OP HO. 2 BED WDTTEB WHBAT.
Sat.
Mon.
Tue*.
Wed. Tliur:
93I4
9159
90 1«
April delivery
0.
92\
90 "4
9138
91
9158
May delivery
o.
91\
93 "4
92
.laae delivery
o. 94Sa
92%
931a
93-'s
92i«
93 '4
0.
91 •'8
9138
92:(4
.Inly delivery
9119
90%
8913
Au<^ust dcliveri'
0.
89 3i
60 >3
92 'a
93 >4
92 >9
December delivery
0. 93%
93 <a
Market,
12:30 P.M.
Flat.
lUd.Uprd8.
eales
Cpeo.dcexp.
Future*.
Market,
12:30 P.M.
Market,
4
1-.M.
5tli«
demand.
511,g
Barely
supported
51I18
Steadier.
5lli»
5,000
9.000
7.000
10,000
50O
500
500
500
guiet at
}
-Moderate
Wednet. Thurtd'y.
clioe.
Oiilet at
1-64 dec.
Flat at
1-64 dec.
Firm,
51118
12,000
1,000
Steady St
partially
1.B4 adv.
Steady.
J
\
Doll.
BarelT
steady.
Barely
steady.
Very
steady.
Qnlet.
Friday.
Quiet and
nrm.
5II18
8,000
1,000
Steady at
l-eiadv.
gulet and
shade
cunler.
\
Maydeliverv
June delivery
0.
0.
0.
43i6
43:%
43^9
42''a
4314
i3^
i2^
<'i\
43
42''8
*3H
43
93 >«
01>4
94 >«
42>-j
,43
"43
42\
43<4
43>«
Oats were somewhat depressed early in the week, but took
a stronger turn yesterday and to-day. The demand, however, is very limited, the regular trade being kept within
the narroweat limits by the small offerings.
DAILY OLOSDIO PHI0E8 OF HO. 2 MIXED OATR.
April deUvory
May delivery
Jutiedelivery
Sat.
Uon,
Tue*.
0.
30>9
30->9
30'-j
30i9
SO^s
30*<
Bo's
0.
c.
30U
303g
Wed.
3014
Thurt.
Fri.
30^
SOSg
30M
30U
3<i%
30^
ZOM
30%
Rye and buckwheat are quiet and nearly nominal. Barley
more active, there having been considerable sales of nngraded Canada, common to prime, at 70@ 77c., and the demand
w,a3
The opening, highest, lowest and closing prices of futures at
Liverpool for eaclt day Are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
92^9
OS's
94%
Indian corn futures steadily declined to the close of Wednesday's business under sales to realize, thq bulls having lost
confidence from the check upon exports which followed a small
Sympathy with wheat was also a depressing
rise in price.
influence. The lower prices led to freer shipments, and tod.ay there was a fractional recovery in values, shipperj takini;
13^,030 bushels. The dealings of til's week have embraced
considerable parcels of Southern white "horsetooth" at 60c.
per bushel.
DAILT OI/>SISa PRICES OF NO. 2 IdZED COBM.
Tue*.
Mon.
Wed. Thurt.
Sat.
*W.
April delivery
Saturday Monday. Tuesday.
Spot.
Fri.
IS
very fair at the close.
The following are the
closing quotations
:
—
•
.
1
THE CHRONICLE.
408
»bl)L $2 25a$2 80 Soathem bakers' and
*4 25« 5 00
family brands
2 659 3 35
Baperflne
2 359 3 00
BT>rlng wheat extras, 3 25« 3 65 Eye flour, superfine..
2 509 2 70
tine
50
ttljui. clear and Btra't. 4 25® 5
„ „.
Winter shljip'g extras. 3 30® 3 75 Com meal
2 709 2 8o
Westem, &0
Winter XX and XXX. 3 85® 5 25
2 859 2 90
Brandywtne
6 259 6 75
Patents
2 853 3 35 Buckwheat flour, per
Bon them supers
1459 155
100 lbs
Boutb'n com. extras.. 3 409 4 00
Fine
OSAIN.
Wneat—
Bye—
0.
c.
Bed winter No. 2...
Bedwinter
White...
Com— West'n mixed.
West'nmiiedNo.2.
Bteainer>o. 2
Western yellow....
Western white
Southern white
0.
c.
Western
» bn. 53 «
alls
66 9
state ai d Jersey
9 1 05
30
93 9 94is Oats—Mixed
31
White
85 9102
;i
No. 2 mixed
88 9102
32149
No. 2 white
41 « 44
42ii9 43% Barley-C'nadaNo.l 76 9
70 9
Canada No. 2
42 9 43%
55
58
.
9
9
9
42
42
50
Two-rowed
45
State..
Bix-rowed State
46
60
Buckwheat
69
70
49
32>3
9
9
9
38
32
33 H
78
75
71
73
52
EXPOETS or Bbkadsiuffs fob Febbuaey. If8».— The following, made up from the statement issued by the Bureau of
Statistic?, shows the exports of domestic breadstuffs from the
under-mentioned customs districts of the United States for
the month of February in 1869 and 1888, and for the eight
months of the fiscal year ISgS 89
•
Uu'ntitiM
Qu'ntitiM
Yatw.
Hew York
Philadelphia
Baltimore
New Orleans
Pac. cust. dtsts.*
83,656
sa»io
Other cus.dlsts.f
700
455
Total, barley
OT.'WO
6.063
Philadelphia
Ottiercus-dists.-f
Total, corn
52
42
'73
4d,'8tii
i,me62
796V:7H
4,850
700
455
31,365
73,163
45,711
1.310.492
798.811
618,249
3f6,46B
135.173
134.45^
802,850
205,504
18,131,555
3.645,675
1,236,9^7
8.491.048
8.290.143
2.19,50)
227,334
l,f-'9».2l2
60.i.2«9
3,964
152,706
3,93u,6ti6
3,925.148
2,721.3*6
28.794
1,871. ;uo
2,254,682
1,320,106
38,706,983
19,303,634
11,811
3,15':
38.090
9,244
97,144
88,661
7;
129
951)
514,6Si)
345,449
167,348
a78.12H
5,035
271,346
7,&70,881
3,424,291
12,158
3,825
100
36,75i
9,382
800
372
5.229,.';42
41.774
Com-irual bbU.
New York
Philadelphia,...
Baltimore
New Orleans
lOu
3,'988
4
28,581
65,397
642
28
'ii
2V693
8','l66
'e
Pac. cust. dists.*
Other cas.dlata.*
16
311.432
230,«35
3.195
2.041
327
22
Total, corn-meai
Oats, buaH.
18,802
62,663
16,771
49,666
213,982
613.349
NewYork
16.199
6,035
10
10
6,27*
2,37a
9.00'
4,197
120
31
98,600
8,510
40.640
3,i9M
63
89
2l9
108
8U9
127,783
2s»,687
55.42
86.639
8,381
462,973
166,367
1,063,444
2,023,294
1 ,787,920
998,679
1,740
67.600
566,300
Philadelphia....
Baltimore
New Orleans
m
distfl.*
Other cus.dlsts.f
Total, oats
Oatmeal, lbs.
New York
Boston
Philadelphia....
7f
4
6
""'ii4
14
9.167
2.600
3,60<
6.08
1,00(.
2,36.
33,957
13,27t
18,01
244.729
4,91:
21,77'
4,45i
1,99^
88
204,4ii
6.126
232, uuu
Baltimore
206
Pac. cust. dints.*
Other cus.dists.t
8,000
291,520
4,»5(
Total, orvtmeal..
Rye, biish.
1,33.1,629
35,63t
New Orleans
24i
3,081
"i.'s-je
6
24
13,2uv
270,811
""117
8,167
NewVork
Philadelphia
Baltimore
New Orleans. ..
Pac. cust. dots.*
Other cus.dists.t
Total, rye
Wtieaty Muh.
New York
Philadelphia
Baltimuru.
New Orleans
Pac. cust. di^t8.*
Other
cua.distf.-^
Total, wheat
Philadelphia
Baltimore
New Orleans
Pac. cust. dists.
Other ouo.auta.'
Total.wheatrflo'r
6«.iie5
38,4!'9
Philadelphia
Baltimore ,«.
Pac. cust.
59
Orand
469,684
38,000
221.619
1,131
1,505
8,3«4
71,850
10,322
19,795
1,002,899
1,223.122
1.884.315
981,312
1,782,115
1,894,653
1,058,579
1,223,302
6,428.483
7,893 699
7.0 04.074
73.428.272
81,158.298
82.850 264
68.230.016
S9.)62.«41
1.232,721
55,982,086
49,713.421
45.244.284
68.661.9T.8
:,80o
4.580
58.200
17.400
1,334
4,100
388,278
873,256
338,415
27.12S
22,027,794
4,131,851
20,l(-8.e78
1,584,135
1.586,245
269,380
173,000
177,417
232,188
250,038
Ih,
11,835
3,360
18.820.496
22,7<6
28,883
Comparative suiprnents of flour and grain from the same
from Jan. 1 to March 16, 1889, inclusive, for four years,
show as follows-.
ports
1886.
2,217,791
1887.
2,87«,497
1P89.
2,720,261
1888.
3,969,^66
bush.
5,437,503
1H,05W,646
8,875,352
3,410,219
543,750
4,784,2r0
11,626,698
9,487,544
2,573,702
310,134
6,242,544
9,238,413
8,460,189
2,212,957
158,232
3,182,415
16,351,280
9,075.545
3,035,030
372,043
TotaigraiD...
37,362,470
28.782,358
26,312,335
32,036,313
Wour
bblB,
Wheat
The
rail
and lake shipments from Western lake and river
ports for last four weeks were:
Week
Flour
Wh,eat,
Barley,
Rye,
Cora,
Oalt,
ending
btt.th..
bush.
bbis.
bush.
bush,
bush.
Mar. 16, '89. 294,119 603.215 1,548,922 744,637 .!98,862 59,716
Mar. 9, '89. 3i0.379 5t)8,3y0 '.:,244,J7i)
785, 12S 343.175 37,533
Mar, 2. '89. 262,079
580,403 1,926,463
722,275 310.458 54.ti27
Feb. 23, '89. 226,364
584,204 1,841,931
9b9,230 334,538 38,144
—
rot. 4 wke.. 1,092,941 2.336,212 7,561,595 3,201,270 1,317,033 190,020
4 wk8l888.1,6:i0,8M6 l,8s4,058 4,548,074 3,538,655 757,753 86,793
The receipts of
flour
week ended March
Ifi,
Flour,
At—
bbls.
(few York
Boston
Montreal
and grain at the seaboard ports for the
1889, follow:
Wheat,
Oorn,
bush.
bush.
Baltimore
Eichmoud
New Orleans...
Oats,
bush.
Barley,
bush.
Ii
ye,
bush.
859,812
235,320
3i340
171,391
374.884
45.383
514,365
140,000 280,100
78,220 211,180
4,494
13,110
62,208 29,400
23,6bO
27,366
54,000
3.1-20
132.194 2,201.493
117,886 531,051
388.561 334.174
254,329 70,460
8,045
2,550
98,952
38,658
31,100
7,4'.)8
13,90S
12,349
11,259
57,738
2,250
590
21,050
41,415
1.875
18,807
Philadelphia...
Total week. 228,255
Oor.
1
week
500
50D
600
3,325
'88..
167,473
The total receipts at the same ports for the period from Jan.
March 16, 1889, compare as follows for four years:
to
Flour
bbls.
Wheat
bush.
176,878
Rye..'.
7,000
4,200
"ii^iui
l2,'03'i
10r,'809
17,701
12,0o7
108,809
3,1:14,715
1886.
2.495,35»
9,533,650
12,822.851
6,334,968
1,435,986
156,327
2,303,06G
29,646,364
7,297,776
1,887,50*
101,547
1887.
1889.
1,870,449
1888.
2,756,526
1, '266.470
23,(i24,36>
5,67n,7til
2,146,458
6,345,2i<6
1,710.384
88,890
31,766,870
Total grain
5,516,655
1,347,722
M.149
15,452,480
41,236,257
30,283,782
58,519
200,202
195,699
1,611,177
1,930
1,481,43.'?
4,790,978
638.910
978,452
2,961,854
8-8.339
4.637.407
•
'54,'si6
Exports
41,00('
1.737
37.900
361,001
.329,438
89,16-.
81,109
2.082,H0H
108,450
£2,501..'i50
1,041,859
H29.H59
20.05a.927
97J,158
2,580,519
120,500
851.891
2,817,00;)
from—
lew York
1,392,645
4,838.320
4,102,968
33,703,970
30.783.531
288.279
104.180
37.626
113.740
2.100
124.845
1.297.325
591.150
178.i81
622.867
ll,8t3
412,849
107,269
1,840,279
542,214
10.816.9/8
5.057.617
(J.
18.001;
668,778
4H.3H
19;, 659
1,406.677
14.908
53;^.13^
9.111,144
88,721
269,001
3,372
141,512
14,233
79,206
483.99.
6,471.801
121.5S3
3,929.479
2.387,855
3,313.151
996.340
4,813,978
6,'-27,l6B
30,190,536
557,9,.8
I.e(i5,:i21
3,747,553
691.814
370,272
23.924..SC1
580,668
301,747
3,171 .7i!l
13,^65.192
3,673.322
2.644.i!69
24.HH4.1)3a
2.040,399
Bush.
700.539
239,675
24,828
Bbls.
49,'i34
156,750
375,539
7.690
23,894
Flour.
Oatt.
Bush.
4,267
Peat.
Bye.
Bush.
Bush.
2,092
9,429
8,800
429
24,000
4,50J
491,8391
News
rot.
482
95,0.jO|
Slclim'd
.
w'k.
37,000 2.084,170
91,163
4,267
10,893
485,113
236,813
4,383
11,847-
)'me time
1888.
..
454.6O0'
The destination of these exports is as below.
corresponding period of last year for comparison.
We add the-;
7 787 882
1.67' '.004
1.890,897
Oorn.
Bush.
8,500
.Uoutreul.
1,583,029
2,289,258
90«,S»6
867,591
1,2IB,48S
2a,80^
Wheat.
Boston. . Portland.
Pulladol
Baltim'ie
N.Orl'ns.
....
total
18f8-9
1867.8
1886-7
6,603,977
dlats.*
Other CUB. dlst8,-t
23,146
2,700
rot.wk. '69.
temewk.'88.
teme«k.'87
Since Aua. I.
Corn
Oats
Barlev
735
8^1,634
379,854
...
..
Louis
77,668
53,076
20,389
482,420
242,400
Bush.4Hlh Bu. 66
The exports from the several seaboard ports for the w. »lc
ending March 16, 1889, are shown in the anoexed statement
2.730,458
Mew Orleans
jt.
6,a39
Peoria
2,lu8
9,692
IbtaU.
Hew York
2,421
23,447
Wheat-fiouT, bbl»
New York
2.214
Detroit
CleTeland.
800,411
17.920
190,031
Iba
S8.218
1,470
«,'l76
11.700
8,983
1,076.917
12,176
150.549
147.850
89,123
423,948
14.725
24.834
79.316
54,149
18,000
16,231
Toledo
37
'735
12.000
8,983
1,283,787
11,177
59.037
66.307
Obloa^o
Milwaukee.
DQluth
Bvt
Barlty.
Oots.
22
"1,470
Si.'sioo
Com.
Wheat.
Flour.
BM<.198Ib9 Buiih.80I5FBush.56Ib- Busli.32
Rye
80
28
1,189.493
198.816
114,617
1,855,824
50a.781
2,870,33m
Baltimore
1,076,195
New Orleans
t2K
Pac. cust. dists.*
at—
lCtec^vU
Corn
Oats
Barley
Value.
54,880
425,249
274.3;4
Boston
Quantitia
2,678,311
Com, b^tsh.
New York
Fall«.
t
*
Barletj, bush.
EtQht Mantht.
1888.
1886.
YorJt Produce Exchange. We first give the receipts at Western lake and river pons, arranged so as to present the comparative movement for the week ending March 16, 1889.
1888«9.
February.
MrntOituftKxptt
[Vol, Xlviii.
tflnneapolls.
Spring, per bush... 85
100
Bprlng No. 2
Pac. cust.
:
..
270.850
38W,045
5,451,115
S29.17H5
10.160.PS9
82.108,465
* Value of exports from Pacldc districts for the month of February, 18S9:
18,230 Willamette, Orefton
OreKon, OreKon
$275,258
Pugetoouod,Wa«h'nTerril'j.
4.824
1,381,892
San Francisco, Caliroroia
Total
»1,870,004
+Value of exports from other customs districts for the month of Feb., 1889:
:
I
Braioa, Texas
t8,591 RIcbmond, Virginia
$35 679
Deuoit, Mlcbittaa
36.315 Torktown, Virmnla
47,706
Huron, Mlchliian
67,711
--Z
Porilnnd. Maine
87.840
Total
$^70,850
MOTK.— This statement Includes about 97 per cent of the entire exports of tl-e
Articles named Xxom all porta of tne counirr.
|
|
The movemtnt of 'rfadstuflfs to market is indicated in the
•Utemcnt belo«-, prcpired by us Iroui tlie tigures of the New
Oorn.
Wheat.
Flour.
Exports
week
to—
lor
1889.
Week,
March
16.
Bbls.
1888.
Week.
March
17.
Bbls.
Un.King.
ConPnt..
46,832
193,307
679
1.451
S.diC.Am.
W. Indies
Brit, col's
22,221
14,727
5,914
25.629
12.167
3,165
Oth.o'n'ts
792
399
Total.-.
91,168i
236,118!
1889,
Week.
1888.
irc«/,:.
Uirchia. March
Buith.
24,000
8,000
5,000
17.
Btish
188:).
1888.
Week,
Week,
J£arcAl7.
March
\6.
Bum.
198.492 1,501, 10
256,108 550.29.J
26,557
5,533
Bush.
324,263
15»,.'J84
1.578
4.331
25
37,0C-0
77
333
454,6002, 34,170
485,11»
wenk's movetnnnt to our previous totals we
By addinc
'•ivo the foUowiag statement of exoorts this season and last
this
Mabcb
M
1
.
THE CHRONICLE.
23, ^9><9,}
FTovr.
Ccurn
Mnrcll
1"
tMNu.
Id.
*pt i.'^r
tr, March
7W«.
l.t-S, Sevt. l.""?,
i,f>n,
Marth
fo Afarch
M Afapr/i
iM-s
17. l(*8
10,
nunk.
W>>«.
8tv»
IfV-S
fllMk.
«,797,%74
10,«B««I5
aM9T,T0O
9.«S9.(m5
.
m."4'!
sni.o-ji
3,J«P.1M
7,»40,HeO
10,«fle,498
2,~Bt..|3l
.
SVi.nzvi
577.57S
1M.592
ll.OM
ai'.siB
69.(11)0
6J1.819
B->fl.s:B
<,493
19,0SS
Brit,rornIes
siB.ua-i
4()2.asa
8,000
4,.V)5
19,S(18
Oita.o(>aDtr's
I7,.077
l'',»18
3,»97,u09
8,56«.55:
West
Inillen
1899.
Niw Yoax TO—
Thtt
verk.
A'rlo.»
89,n»
«4.I«0
W
Am
1*8
4,~njim
S13.»3t
873 871
8. ot O.
7,
(n iTurtll
17.
RimV
n>i<k.
Apf.l.
8.4in.773
Un.Klnirdoai
Continent.
A ni
to
la.
I'.HX
J7.
Stpl
409
«ges, value! a"; $100,071. Thi shipmiatf iaclu le 701 p\ckages. to South America, 32fl to the West I idies,
to Mexii!o, 79 to Central
rica, 80 to Eiirop •, and 13 to all otSer
cou triee. Sinci Xinuarv I the eT(»orts aggregtte 83,871
packages, value! at $l.fl49,0S4. distribu-ei as folloses:
1
l."8.
.V.,(
BJOport$to-
u
7»"
Central Amerloa....
The
»,8'9.t0«' 18
991.8M 80,364,707
China
18,St,l,9<2
E .8t
supply of grain, comnriaing thes^ocksio granary
points of accumulition at lake and 8eal>oard
ports, aad in transit by water, March 16, 1889:
In Btore at —
Na«r Yurie
Do
attout...
AllMtnv
Battalo
ITAeat,
<7om,
OaU,
bufh..
h'tth,
bunk.
_
Do
afloat
MUwuukue ....
600
31,200
130.212
36,531
8,778,079 3,997.499
771,8.i-i
10,018
9,407
17.6 JO
40.404
8C9,2•^8
';2.t,151
48.081
684,712
34,877
15.000
4,5T9.000 495,231
9 1,093
54.000
28,001
665.840 428.39 ^
3,994
34,223
60.421
5JH.. 18
100.863
123,76 t 4U,730
5,251
31,384
S75.91:l
232.198
944,626
8S,515
149,460
273.400
710.000
DolDto
roledo
l,8dn,160
l,S94 83t
__
Detnilt
731,727
Oiweito
Bt. Ix)»l>
2,063,086
Do afloat
Olumniiiitl...
96,000
1 9/1 67
128.932
BoaCon
Torouto
Wonrmal
....
4.1S.4P9
Piila.lelplita
306 881
Pfl!>rta
l.'?ti.41i
Intmnaiioiu.
236.1^18
16i,'.'90
KiRRHf) City.
Biltlmore
1,137.214
6,312.070
..
MioiieapoltB
Paul
'89. 31,182.501
9, '89 31.780.1.',7
Tot .Miir. 17, -88. 36.2.">7.-47
T>t. .Mar. 1-1. '87. 5i,r3.425
Tji. Mar. 20. '86. 50,535,468
Tjt. M.ir.
T-t. War.
118,493
8.000
27,0H)
64.399
848,400
1.1,000
f.3.800
465,900
. .
II!,
16.617,438
16,911.625
9,298,420
16.363,06: 0,735,518
149
883
ll.l'-S
2<1l
4.50
15,286
4 269
1,612
6,548
3,631
1,747
1.
1,120
36
8..534
108
8,769
1,748
74
608
112
72
1,190
.33,37!
1,667
35,141
4,350
1,667
39.411
All other countries
201,230
.
121.480
'.'.'.'.".'.'.
80.000
44,021
20i.fi8»
84,879
6,84.'?
11.050
16,758
1889
Slneknf Print aiotht—
Mar. 16.
Held by ProvlitniKw luanuPrers. 3.000
Fall River maiiufaotDrera ....
7,000
Pro litenoespecuLatflr.s
None.
Oatalde speculators (est)
None.
17,716
46,310
7.510,455 1,5S2.455 1.72'1,4I7
7,741,338 1,«11.01<) 1.712.10:!
4.'.'9-i.845
36-<.02! •2,030.2lii
3n0.9i)5 l.ft8t,7':0
49,450
TM
65.320
4.098,771
2.491,469
1,1.50
From New England mill points direct.
At first hands the demanii for staple cotton goods was
chiefly of a hand-to-rao ith char.aoter, but selecions were
somewhat more num»rous than of 1 ite. and reach-d a fair
aggregate amount. Though not up to the aver.age of preceding weeks th-* jobbing tra 'e was of pretty gold propirtions.
Prices of plain and colored cottons remain unchanged. an<l
stocks of really de irable makes are by no maim reduniant.
Print cloths ru'e<i quiet but prices reinii i firm (because of
the stribe in
River) on the basis of 3 15-I0'a4c for 64^64s
and 3>^c. for 50x6 's. St-^cks last Saturday and for the three
previous years were as follows:
133,171
.>'679
195.00
132.918
93.669
16,079
Total
.'0,8511
lAe,04J
4,841
81.000
2,043
*
249 3^6
'4ia37
56,926
Total
China, via Vancouver
16><.000
295,000
6a MifiaUslppl.
1
Barlei,,
1,819.398 1,132,120
2.4.50.1 12
4,4.S0.(!97
OlUi-aico
1.367
1,129
Jan.
701
Went rmllps
b>;h.
7,721 5.">1
Ol.ono
24,!I00
vtrk.
226
8o)i'h Amflilca
pri')ci()iil
Mnw
Jm-l
2.743
2.^96
Europe
vl^iblft
at the
Tn lies and Arabia
1888.
TMi
Sinet
Total stook (plecea)
10,000
1888
Ifrtr.
1886.
Jfo" 20.
1887.
Jf'P. 19
17.
4,000
None.
None.
5,0)0
39,000
61,0)0
50,000
20,000
122.000
72.000
260,000
9,000
170,000
474,000
20.00(^
Prints and printed cso'tons, as sa*^eens. challies, lawn", etc.,
were ii fair demand anl steady in price, and lar,;e sales of
According to Baerbohra's London cablegram, the amount of ginghams were made privatl-y and through the auction
w-ii>at and corn on passage at the dates mentioned stood a« ro^ms, white goods and quilts were fairly active in movement j<nd demand, and prices remain firm.
( iIIowh:
FoKEiQN Dry Goods were mostly quiet in importing oircl-8,
but a fairly active business was done in a few specialWeek ending Jfar. 10
Week eTuling Jfar. 3.
Orain on Pottage,
ties, as mohair dress fabria'?, printed India and China silks,
Corn
Wheat.
!•>
Uultel Klug>loji..qr8.
ToCoutinoat
Total qimrters
£qaal
inlni.<li<-lH
B*'a»Wrt"kin
l-^.'S
lm«h.
577.6id 1.053,609
1,991.000
325,000
347,000
2a-',000
Wheal.
Corn.
1,980,000
39. ,000
2.318.000 5^3.000
18, 70 1. 000 4.421.000
18,!^76.OOO4..^O^.0(MJ
16,'*40.IH>0 2.752.001)
16.112.000 2.688,000
The exports of ^rheat from India
81 Hon irn as b iow:
2.372,000
563.000
for the week, year and
&:. The j)bhing trade in for-ign goofls was of fairly satisfac'ory proporti ns, tiou/h rather below the average of preceding weeks. S:aple goods conrinus fii-m in price, and desirable fabrics of a fancy character are for the most Dart
steady.
Importatloaa of Dry Goods.
The importations of dry goods at this port for the wfek
ending March 14, 1^89, and since Jan, 1, and the si me facta for
the corresponding periods of Iqqf vaue
To UuiKsl KluKdom
To Ciontlnent
bush.
To'«l
80,000
80,000
140,000
80,000
2.510,0(0
buali.
b)ish.
lOO.OOo'
220.O00
4.3i0.000
New York,
Friday P.
£ |h
M„ Marob 22,
B"
qq folio-wq
r
1889.
c uD
o
to
uoo
HI*.
W*3:0SX
I
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to
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yMOO
lo-r— xto
5"
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to to
wii
CV3
—
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to
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too;o^to
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gpy
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-1
ec^< cutox>;£
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CM
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(X-
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to / 'i
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oo
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r
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^2
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o:) Ci O to 3; x
SSI moa —
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ii.)!iled.
—
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:c :c (0
I
w
M*.
!
^3.
P"
to
:
B:
HJ.
.
DoMKSTic WOOLE.V GooDS.— The market for men's-wear
woolens was quiet as r-gards new business, but the commission h')upes continued to make liberal shipments of overcoatings, h'avy w rsted suitings and fancy
a^simeres, etc
in execution of back onlers, and the most desirable
makes of
olothi' g woolens remiin steady in price. Fall cloakin<s lave
met With con-iderable attention from the maoufa turing
trade, an') a mod- rate bu.>iness was done in stockinets and
jersey cloth-t « ith th" same class of buyers. Heavy Fatinets
were freely distributed on account of former transactions,
but current purchases were restricted in volume. All wool
and wor.ied dress gfvids were fairly active, and such makes
ns govern the maket are (irmly held by agen's.
Flannels
and f>l 4nk.its coTin le in irre.;ular demand and Arm in price.
Domestic Cotton O )0D9 Toe exports of cotton gonds
from thw jK>r« fo».tk« W(Mk ending AUroh 19 were 1,150 pa<!kc
Si
lii
Fall River as regards the weaver's strike in that citv is practically unohangt'd, and the production of print cloths
con-
P". o — Sf
2:
The jobbing trade has shown rather less animation than of
late, bwauae a good many rftailers have completed their
e>.rly piirohasfs and returned home, but a fairly satisfactory
business in stap'e aid department goods was done by most of
the principal jobbers during the week under review. The
demand at first bands was irregular, and upon the whole
moderate, but there was a fairly active movement in certain
df-RC:ripti'ins of both spring and fall goods on account of previous t ansactions. Toe (oarket for low-priced ginghams
continued in a •lemoraliz'-d condi'ion, and a peremptory au<!tion sale of 1,1500 cases "Westbrook" dress ginghams was held
on Thursday in order to clcse out the accumulated stock. The
Bale was well attend^d, and the goods were readily disposed
of at. an av. rage of abouiG 8-lOOc. per yard— low figures, but as
gmid »8 expecttd under the circumstances. The situation in
<
- s^
1,800,0(
THE DRY GOODS TRADE.
tinues gre .tly
t^n^n
Wrek end'g Week end'g Jan. 1 (•
Mir. 16.
Har. 9.
Mar. 16
Bxportt of Wheat from Jndia
I
;
THE CHRONICLE.
410
$rttst (£>om.psinU3.
^Jrust ®omixauiies.
Union Trust Company Manhattan Trust
OF NEW
Eector St.N.T.
- $1,000,000
3,000,000
78 Broadway,
OAVITAI., ISUHPLUir,
cor.
...
AothoHied to act as Kieontor, Administrator
Qo&rdlan, EeoeiTer. or Trustee, and Is
A LEGAL DEPOSITORY FOR MONEY.
Aocepta the transfer agency and registry of stocks,
and acts as Trustee of mortgaKes of corporations.
Allows Interest on deposits, which may be made
at any t»me, and withdrawn on five days' notice,
with interest for the whole time they remain with
the company.
For tne convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to checlt at sight, and allows interest
npon the resuitinR daily balances. 8uch checks pasi
tbrotgib the Clearing House.
TRUSTEES:
Wm. Whltewright,
James M. McLean,
Ambrose C. Klngsland,
James U. "gllvie,
Henry A. Kent,
R. T. Wll(«i,
Wm. F. Russell,
D. C. Hays.
JfinaitctaX.
Co.,
NEW
YORK.
81,000,000
VISBCTOBS:
F. O. Frenrh. President
J. I. Waterbury. V. Pres.
C. W. Hasklns. Secretary. A. T. French, Treasurer.
ALLOWS INTEREST ON DEPOSITS. BXECUTES trusts of every DESCRIPTION
REGISTRAR AND TRANSFER AGENT.
1.
The Brooklyn Trust Co.,
C. Vanderbilt,
Cor. of
Wm. Alex. Dner,
A. A. Low,
Charles II. Leland.
E:lward King,
K. B. Wesley,
D. H. McAIpin,
George B. Carhart,
G. O. Williama,
R. G. Remsen.
Kdward
MOXTAOITS & CLXNTON" STS„ BR'KLTN, N.Y.
Parker,
This Company is authorised by special charter to
act as Receiver, Trustee, Guardian, Executor or
EXECUTIVE COMMITTEE:
Wm. Whitewrlght,
G.G. Williams,
It can act as ajrent in the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religiousand charitable instit utiuns, and persons
unaccustunied to the transactioii ot business, will
find this <'ompauy a safeaud convenient depository
McLean,
aeo. C. Magoun.
D. C. Hays,
A.
C. Klngsland.
KING,
President,
M. MCLEAN, First Vlce-Pres't.
O.
k.
JAMKS
JAMES H. OGILVIE, Second Vloe-Prest
RONALDSON, Secretary.
A. w. KklLEY, Assistant Secretary,
for money.
IITPLEY ROPES. President.
EDMUND W. CORLIES. Vice-Pres.
JAS. ROSS CURRAN, Secretary.
FREDERICK
COLTON,
TRUSTEES.
United States Trust Co.
OF NEW YORK,
-
88,000,000
Tht« company is a leKal depository for moneys
paid Into court, and Is aothorlsed to act as sruardlan
or tnictee.
Capital, fall paid, AutburlzeU Capital,
'
135
TRUSTEES:
B.Chittenden.! W.B'y'rdCutttn^
JnhnH.Kh.mde».|rha». fi. SmUh,
S.
&
137
Charlemagne Tower,
John 11. Converse,
George DeB. Keim,
George W. Blabon,
i,,
Illinois
1
This Bank
directly
is
J. Mitchell.
John
Savings
I
MERCHANTS' NATIONAL BANK,
RICHIMONn, VIRGINIA.
Collections made on
terms; prompt returns.
loHK
F.
Glenn. Cash.
.lames Roosevelt,
George Stnrges,
IL.L,.
under the jurisdiction and
President.
S. Gil>bs,
IL Reld.
L.Z. Letter,
RICHMOND, VIRGINIA.
Texas National Bank,
SAN ANTONIO, TEXAS
00LLBCTI0N8 AND INVESTMENTS MADSi
STOCKS
New York.
•
sells
I
all classes
At Auction.
AUCTION SALES
Negotiates loans on marketable secnrltles
New Tork Quotations furnished by private tloker
afti..." ininntA.
Hams
CHICAGO
nod
Of
REGULAR WEEKLY
all classes
of
STOCKS AND BONDS
ADRIAN
No. 1
The
II.
mULLER &
SON,
PINE STREET, NEW YORK.
Agency.
Investors'
M. L. 8CUDDBR,
240
JR.,
LA SALLB
PROPRlKTOB,
ST.,
CHICAOO, ILI.
Keparta ConeernlnE Aflalraot Cerporatloaa
HAILROADS ISPIOIAI.LT.
Luge Library Railroad Docnments,
CoQiIdentlal Reports,
6c
BOSTON
Moderate Ohargaa.
Rend
for olroolar.
244 Washington
St.,
Boston,
A0C0UNT4NT.
of Stocks
-«-»
N. W.
c
on commission
BONDS
and
WILLIAin FRANKLIN HALL.,
SAVANNAH, GA„
SECURITY BROKEK,
Says and
md Bonds.
A.A.ALEXANDIR, Cash'r
I.S.AXIXANI>IK,Pres.
Competent Experts
A. L. Hartridge,
Metropolitan Trust Co.,
&
:
John Crerar,
SICLEN! Secreta^.
I»resldent.
Frkd. R.ocott. Vloe-Prf s.
Circulars and Information on funding the debts of
Virginia and North Carolina free of cost; one-eighth
per cent chari^ed for funding. Southern Railroad
and State and City Bonds bou.:ht and sold.
H, Mitchell,
John B. Drake.
John J. Mitchell,
John MoCaffery,
C. J. Blair.
Wm.
Cashier,
DIRECTORS
Wm,
BRANCH,
P.
on
B. Drake. Vice-President.
U. Mitchell, Second Vice-President.
George W, Van Slcleu
Southern points on best
all
JOHN
EVERT WEDNESDAY.
Wm.
James
N. Y.
B.8.Ji!wirrT, Pres't. Wm. C.Corntvell. Cash'r.
Capital ....8300,000 Hurplus
8-230,000
This Bank has superior facilities for making Col.
.ections in and out of the city on the m^st liberal
terms, and with careful attention to the best Inter
The undersigned hold
OFFICERS:
John
Augustus Van Wyck.
J. w. Vanderhorst Kayt.l
HILLHOlJ8K,Pre«t<lmt,
Canbler.
Buffalo,
BUFFALO,
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
ROBERT B. ROOSEVELT, President.
JOHN D. VEUMEULE VlcrAesldent.
THOMAS
Bank of
Saoretarr.
supervision of tho Mate of Illinois*, is a LKGAL
iiEPOSITORY f..r Court .Money*, anil Is authorized
to act as TRUSTEK. EXECUTOR, HBUElVtR and
D.Vermenle,
John Van Voorhls.
w, W, Van Voorhls
S7 IVall Street,
&
rust
CniC.lGO,
Johi,
- - »l,00O,O00
'*Tf','*'Vir
Designated *'*'*r'^^'''
as a legal depository by order of
Buoreme Court, Receive deposlu of money on
Interest, act as dscai or transfer agent, or
tristee
fn- corporations, and accept and exeonU any
legal
ir isu from persons or corporations, on
a* favorabl*
-'•""'"•
t» -wi as other atmilar companies.
Bough.
CAPITAl. AND suit PI. US, - SI, 133. 000
INTEREST ALLOWED ON DEPOSITS.
W
VAN
ParU.
BLANKKNHORN.
F.
Bank,
Robert B. R.)osevelt.
Henry W. o. Edye,
George M. Van Uoesen, Jotham Goodnow,
am IJnwd.
George F. Hodgman,
William Remsen,
Peter Wyckoll,
GEO. W.
Philip C. Garrett,
Isaac R. Childs,
B. Fleisber,
TRU8TKKB
All.
Jr.,
T. Morris Perot,
I)(mgherty,
;
Van
11116,
SIMON A. STERN, Treaanrer.
RUSSELL STUKGIS liUHBARD,
Allows Interest on deposits. The longer the time
th^ higher the rate. Also interest on balances of
active accounts of merchants and others, subject to
check as In any bank lends money on promissory
note without endorser, and accepts New York City
or Brooklyn appraised first mortgages with title
Kukranteed as collateral security.
Acts as Executor. Trustee and Guardian, under
wills, for the Hxed statutory charges; also as Registrar. Trustee. lYansfer and Financial Agent for
States, Cities, Towns, Railroads, and other corporatlope, and for Real Estate Mortgages with Coupon
Kihds In New York, Broiikiyn. and ^elsewhere,
O >|lect Rents, Coupons and Dividends,
Wirner Van Norden,
Van Vorst,
James B. Van Woert,
O. Van Noslrand,
John R. I'laiiten,
Henry w. Bookstaver
CO,,
THOMAS
WHARTON BARKER, President.
OH ARLK.MAONK TOWER, JH„ Tloe-Fresldent.
WALL STREET, NEW YORK,
lliloper C.
HEINE *
BKANGIl
V^.,
BANKERS AND COMMISSION MERCHANTS,
PHILAD BLPHI A.
Isaac
Holland Trust Company,
Garrett A,
)
»!2,300.000
-
Wharton Barker,
James
Blmou
L.
'
BILLS DRAWN ON
THKNATIONAL PROVINCIAL BANE
OF
ENGI.AND
(Limited,)
> Londam
_
THBUNIONBANK
OF LONDON (L'd),)
H. W. Maxwell,
J.J. Pierrepont,
DIRECTORS:
THORNKLL, Secretary,
LOUIS a HAMPTON. Assistant Secretary.
7
Foreign Exchange bought and sold. Facilities fat
keeping aooonnts In Sterling Exchange, subjeot to
draft In kind, will be afforded. The methods of r*.
oetving sncb deposits and making payment against
them wUl be subject to arrangement.
Union Bank of Loudon. Lnudon
Wood,
Male,
Ripley Rupes,
Abram B. Baylls
UUUaUUU
SOUTH FOCRTH STREET,
P. Btokes.iWm.Kockefeller,
WcD.WrWielps, Hobt.B.JHIrtum. Alex. E. Orr.
tt wmis .lames, Geo. H. Warren, Wm.n.Macv.Jr„
Jwrn J. Astor.
George Bliss,
rharles E. Bill,
JAn A. Stewart, Wm. Llbbey,
Wm. D. Sloane.
NO
Orders for purchase or sale of securities will
receive careful attention.
Wm. H.
General Banking Business conducted.
State.
Municipal and Railroad Securities negotiated.
Accepts the Transfer Agency and Registry of
St' 'Cks. and acts as Trustee of Mortgages ot Corporations. Interest allowed on Deposits. Correspondence of Inland Banks and Bankers solicited.
Wilson O. Hnnt.
•¥:. Lawri-Dce, (John C. Brown,
CUaton Gilbert, Ersstus Corning, Kdward Cooper,
,
C. D.
Charter Pebpktual.;
Kxecutors.adminlstrators, or trustees of estates,
and females unaccustomed to the transaction of
t nslaesB. as well as rellKlous and benevolent Instltntionq, will dnd this company a coDvenient deposltry for money.
JOHN A. STEWART, President,
GEORGE BLISS. Vice-President.
JAMES S. CT-ARK. Second Vice-Prett.
HKNRY
83.300,000
Accounts respectfully solicited. Interest allowed
on deposits of Banks and Bankers. Tbe.osoal
banking faollltiei extended to customers.
CORUESPoNDicNTH:— Importers* A Traders' NaBank and Chemical National Bank. New
Vork; Mercbauu' Loan A Trust Co- Chicago
OP PENNSYLVANIA.
•ompany.
Anson
OF THH
NEW YORK.
.....
CITY OF
CAPITAL,
tional
The Finance Company
INTEREST ALLOWED ON DEPOSITS,
Wtilcb may be made at any time and withdrawn
HfoerflTe days* notice, and wiJl be entitled to Inter•It for the whole time they may remain with the
Diniel D. I.nrd.
Saiuiel Sloan,
JaTies Low,
Assistant Cashier
The Western National Bank
ests of its corresp4)ndents.
Asst. Sec.
C.
Joslah O. Tyow,
B. F. Knowlton.
Alex. M. White, John T. Martin,
Kred. Cromwell,
A. A. l>OW,
John P. Rolfe,
Alex. McCue,
Mlch'lChauncey, K. W. CorJies.
Wm. B.Kendall, lU'y K. Sheldon.
No. 49 WA1.L STREET.
CAPITAL AND HURPLUS,
S
Cashier.
Shitb,
Administrator.
E, B. Wesley,
C. D. Wood,
EDWARD
_
B.A.
'
Samuel F. Barger,
Ghauncey M. Depew,
Geo. <^. Magoun,
H. Van Rennsel Y Kennedy.W. Rmlen RooseTelt.
J^fcmes
BLANKSNBOaH,
F.
CAPITAL (all in U.S. Bonds) - 91,00(1.000 JOHANN GOLL * SOKHNK,} ^^'^gi^i^^"'
SURPLUS exceeding . - . 1,000,000 8. BLEICHROBDER, Rprlin.
SCHWBIZEBISCHK UNION BANK, St. Gall.
INTEREST ALT OWED ON DEPOSITS.
Schell.
Amasa J.
Conrad n. Jordan
President,
CBABLIg J. CANDA,
VIce-Prest.
Francis Onnond French, New York.
U. W. Cannon, W.Y.
R.J. Cross, N. Y.
H. L, HigginBon, Boston, John R. Ford, N, Y,
August Belmont, Jr., N.Y.T. J. Coolidge, Jr., Bos.
James O. Sheldon, N,Y.
B. D. Randolph, N, Y,
A. S. Rosenbaum, N, Y.
C. F. LIvermore, N. Y.
Sam'l R. Shipley, Phlla.
C. C. Baldwin, N. Y.
R. T. Wilson. N. Y.
Chas. F. Tag. N. Y.
John I. Waterbury, N. Y.
Henry Field, Chicago.
H. Frothingham,
George A. Jarvls,
Wood,
James N. Piatt,
ST.,
CAPITAL
B. T. Fairchlld,
C. D.
WALL
No. 10
irORK.
XLVrn.
[Vol.
Co.,
Books and accounts audited and adjusted. ,
Settlement of insolvent estates on behalf of
oreditors carefully arranged.
NOTARY PUBLIC.
Augustus Floyd,
42 PINE 8TEEET,
INTKSTMENT SECURITIES,
@FedFRASER