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ittantfai
onuntrda
AND
HUNT'S
MERCHANTS’
%
MAGAZINE,
gfwjspiipn,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATE
f.7
yol. 4a
SATURDAY, MARCH 24, 1888.
NO. 1,187 2
Week
CONTENTS.
Ending March 17.
Week
End'g Mar. 10,
i
1888.
THE CHRONICLE.
Clearing House Returns
383
364
Hasty Financial Legislation... 366
The Missouri Pacific Report
307
The Illinois Central
368
Imports and Exports
The Financial Situation
36S
$
392,862,229
New York
Sales of—
London Letter
369
Commercial and Miscellaneous
News.
370
(Stocks
shares.)
bales.)
(Cotton
(Grain
©touiclc.
(513,180)
(9,444,000)
(30,722,000)
04,404.362
3,711,9 0
89,559,440
4,245,500
984.001
040,25*0
1,003.477
1,172,700
8*0,705
900,725
1,017,078
Portland
Worcester
741,873
88+043
775,369
545,138
...
Lowell
Subscription-Payable in Advance
For One Year (including postag.
For Six Months
do.
)..
Pittsburg
6 10
11 28
<including postage)
Baltimore
£2 7s.
Total Middle
do
£1 8s.
These prices include the Invest >hs’
Supplement, of 120 pages
issued once in two months, and fu uislied without extra
charge to
subscribers of the Chronicle.
Cincinnati
Milwaukee
Detroit
Subscriptions will be continued ur”! definitely ordered stopped. The
publishers cannot be responsible for omittances unless made by drafts
or Post Oilice Money Orders.
Cleveland
Columbus
Peoria
Chicago
file cover is furnished at 50 c nts;
postage on the same is
•ents. Volumes bound for subscribe, s at $1 00.
Messrs Edwards <fc
Smith, 1 Drapers’ Gardens, E. C., who will take
subscriptions and advertisements and supply single copies of the paper
r
tuva
JOiiNO
JOHN
G. Fmvn
ILOID.
(WILLIAM H. DA'VA A Co., Publisher**,
l
102 William Street, NEW VOUK,
f
POST Qffice
CLEARING
HOUSE
kox
958
RETURNS.
The week under review (that
memorable in the annals of
cities in the New England and
+10 7
-+
9 0
—454
1,110,802
+2'4
—14-4
—7*6
—23 8
909,001
921,814
1,07 7,104
422*2
03,109,826
-27-8
8.418,149
9,781.327
12,003,044
-22-4
J* -.703.290
10,304.911
-+
040,463
489
80,815,840
-99
63,580.7231
0o
+14 0
+295
-11*2
+33TV
-10-8
64,023,101
81,191,019
-23-2
74,714,930
-7 0
50.124.505
53.123,073
4 5-7
53,091.207
9,272.900
1O,703,hO"
3,474,858
3.302,720
1,350.812
2.* 05,782
-138
9.230,'00
4.013.981
—1-4
-26 0
-52
3,735,810
1,7*9,777
413-1
4 28-7
2,701.343
—12 6
2.005,708
5-8
+40-7
+10-1
-34
4 20 0
+ 11 0
4 9-4
-10 1
2.424,241
705.709
1,024,125
2.459,012
3,187,347
2,509,562
3,551.228
4*4,001
-f45 8
007,340
1,783,5*9
-00-0
277,099
1,5 5.149
2,8-0,8.19
3,229,7*2
2.701,140
3,517.091
O78.059
—5-8
?‘?
-10-S
804.042
-
+7-1
+1-4
11-2
—
+ 18 9
-542
2*2,571
92,167,810
17.052,823
1,293,972
9,450,840
5,284,089
17,217,520
1,741,3-0
12.007,205
4,899,732
7,701.202
1,989,453
2,038,850
+ 10-2
+ 15 3
l,0i:v90
93,212,513
7.058.130
Galveston
Norfolk
-12-5
4,95 \500
1,7H0,«5*
9,219,177
Topeka*
Memphis
ending March 17) will long be
banking at New, York and other
—J1 9
—40 8
45,622,057
1.291.901
St. Louis
St. Joseph
New Orleans
Louisville
Kansas City
(+342)
75,376,S07
—27*3
Duluth*
Total Western
(37,744,000)
581,171
Wichita..'.
at Is. each.
(1,410,005)
(1.802,700) (+180-9)
(25,1*1,750)
100,012,922
2,*34,775
3,0iil,170
2,317,33(5
3,171,292
Denver
St. Paul
Grand Rapids
—in
*i
1
(-210)
72,671,942
4,055.5*2
1.507,799
2,910,224
2,178.234
1.190,540
Minneapolis
590,868,467
-0 2
3.359,077
Omaha
18
London Agents:
witttam
..
Indianapolis
.
A
England...
Philadelphia
$10 20
European Subscription (including postage)
Annual subscription in London
Six Mos.
do
dp
Total New
:
-281
bbls.)
SDrlngfleld
Terms of
-375
(-02-8,
(—a5"2:
(-0O-2
(-09-3)
; 292,100)
(17,102.225)
New Haven
P. Cent.
1
*
bushels.)
f
1888.
028,345,302
(1,381,978)
(532,700)
(50.57 7.O0n)
(Petroleum
Boston
Providence
Hartford
P. Cent.
1887.
731.909
+1*2
—i-i!
-2.V7
-21 2
+ 6-8!
-9 1
432 5
840.311
072 815
788,698
—
12*9
+17-2
22,505,803
-44
17,420.702
1,480,792
12,915,217
0,121.8*51
7,277,038
2.453.509
752,*73
898,732
-OH
—16
4-240
4-280
+0-8
-123
-40 0
+16-8
Middle sections, on account of
44,250,908
47,159,564
’d9.332.839
early on the morning of the 12th San Francisco
15,807,200
+13 1
13,930,505
14,879,712
causing a practical suspension of all business in this city
Total all
—29
2
08+524,019
065,813,248
909,112,09(5
during the first half of the week. In consequence of this, Outside New York
290,*-01,820 337,407,880] -13 9 818,218,029
—4 6bank exchanges suffered, of course, a considerable
Not Included in totals.
diminu¬
tion, the total for the week at New York falling below the
Our usual five-day telegraphic returns of
exchanges havefigures for any similar period since we began our record, and been received this
evening
and
are
In compar¬
given
below.
in fact are smaller than for
any week since July 12, 1879
ison with the similar period of last
there
a gain in the
year
is
At Boston, Philadelphia and Baltimore
clearings were affected aggregate of 5*3 per cent. On the basis of these telegraphic
in a much less
degree than here, because in those cities specu¬ returns the estimate for the full week ended March 24 would
Total Southern
-0-2
the snow-storm which set in
*
lative transactions
total
in stocks do not bear the same relation to
clearings.
Under the circumstances
unfavorable
per cent
forth
above, the comparison
corresponding week of 1887 is, of course, a very
with the
one.
The New York total shows
and in the whole
percent.
set
Out of the
a
loss of 37’5
seem
the
thirty-five clearing houses include! in
statement, only twelve exhibit gains over a year ago ; the
most important,
so far as percentage is concerned,
being
Grand Rapids, 45*8, and Memphis, 32*5
per cent. Heavy losses
are recorded at
Wichita, New Haven, Hartford, Boston,
Philadelphia and other points.
The New York Stock
Exchange share transactions cover a
market value of only
$26,000,000, against $70,076,000 for the
corresponding period a jear ago, and, pursuing our usual
method of
deducting two and-and-a-half times these values
from the New York
totals, there remains $327,862,229 and
$453,105,362 respectively in the
Ceat.
of other origin, or
point to
an
excess
compared with 1887 of about 7*7'
same
week of last year.
country the decline reaches 29*2
a
two years representing
decrease this year of 275
Week Ending March 24.
Returns by Telegraph.
our
changes
to
Messrs. R. G. Dun & Co. report the number of fail¬
per cent.
ures for the week ended
to-night as 243 (212 in the United
States and 3^ in Canada), against 228 last week and 259 for
1888.
New York
Sales of Stock (shares)....
Boston*
Philadelphia
$
479.083,177
(1.159.023!
75,051,734
50,241.628
Baltimore
10,053.081
Chicago
45,000,000
St. Louis
14,320.623
New Orleans..
7,010,567
Total. 5 days
Estimated 1 day
ex¬
Total full week...
Balance Country*
per
Total wppIt. »ll
*
680,701.410
.
1S87.
Week End'g Mar.
P. Cent.
454,771,^05
(822,051)
60,517,350
49,274,100
10,318 800
42,097.000
13,f 51,550
9,717.250
+53
(4 410
+ 12-*
+ 2-0
—2 0
+0 9
+5‘7
-279
640.247,927
122,8*1.247
+5 3
+18-0
825,701,410
96,148.023
709,129,174
87,002,514
+ 7-4
<ioi non
QTU -|0-|
on
P. Cent.
*
115,000, OOt
For the lull week, based
1888.
1
17.
>410-4
last week’* X-turns.
:
-
r
285,280.593
(327,443)
52,4* 2,209
32,994,751
7,595.622
40.604.000
14,272,580
8,496, u36
4
47,705,794
—47 5'
(-73-2)
-30-3
-38-1
-271
440-33
-00
-40‘3
147,01 1.949
+18-1
595.307.743
88,216 306
-82-0-
CO
"04
n
-1-7
°«-2
THE CHRONICLE.
364
e:.
[VOL. XUVI,
European account.
Still, had it not
been for the exceptional demand noted above, there would
not probably have been any advance in rates.
So far as
There have been very slight changes in the money
market this week.
On call, as represented by bankers’ trade conditions influence exchange, they point to high
Mr. Switzler, of the Bureau of Statistics, has this
raUs.
balances, the extremes have been 3 and 1-J per cent, averweek issued his figures of foreign commerce for February
aging about 2-£ per cent. It should be stated in explana¬
and we give them below in our usual form.
tion, however, that the wide range does not reflect activity
FOREIGN" TRADE MOVEMENT OF THE UNITED STATES— (000s Omitted.)
in the market, but it indicates a discrimination in collat¬
Silver.
erals among lenders, some stipulating that the security
Gold.
Merchandise.
Excess
Excess
shall be prime dividend paying stocks or good bonds, and
Excess
ImEx¬
Year.
Im¬
Ex¬
of Ex¬
of
Ex¬
Exports. Iviports. of
ports.
ports.
ports.
ports.
when such collateral is ofiered low rates are made. Those
Imports.
ports.
ports.
of our banks and trust companies who have loaned on 1888.
t
$
i
%
$
*
$
$
$
624
395
+229
1.196 1,048
2,238
4,538
58.513
Jan...
63.051
call on stock collateral have got 4 per cent as a rule,
+653
948
2,118 1,170
1,014 1,667
Feb
56.684 66,877 *10,193
although during the week one of the heaviest trust Total 11 9.735 125,390 *5,655 1,409 2,291
+882
4,350 2,306 1,900
1,374
3,«80 2,306
4,267 2,526 1,741
V 126.311 1 11.107 15.204
companies loaned a large amount below this figure and 188
+5,544 4,908 2,169 2,739
5,792 2.692 8,236
1886 1 09,*93 104,101
renewed it the next day at the Stock Exchange 1885. 134,473 84,249 50,224 3.963 2.082
1,881 4,736 2,097 2,039
948
3,565 +2,617 4,663 2,039 2,624
rate.
Time loans on first-class collateral are quoted 1884. 1 35.236 109.021 26.215
821
780
3.942
1,881 2,061
1,601
1883. 147,235 113,272 33.963
1,603
7,334 +5,731 3,734 1,165 2,569
5,745
at 4 per cent for ninety days and 4£ and 5 per 1882. 121.528 115,783
Excess of imports.
t Excess of exports.
cent for four, five and Bix months.
There are no
This statement shows that the merchandise results for the
quotations this week for loans on mixed collateral
for the reason that lenders are indisposed to take any two months have netted an adverse balance of $5,655,000,
but first-class security, and some of the comparatively against a favorable balance of $15,204,000 last year, and
high-priced dividend properties which have within a few $50,224,000 the same two months of 1885.
Congressional action on financial and commercial meas¬
days fluctuated widely have been thrown out even when put
ures
has progressed during the week.
in to “fatten” loans. The city banks are doing substantially
We have referred
in a subsequent article to a bill which has been passed by
nothing in time loans and the offerings are as heretofore
chiefly by out-of-town institutions.
The commercial the House of Representatives affecting our subsidiary
The Banking
paper market is dull although a fair amount of business currency—a step backwards unfortunately.
and
Currency Committee was the source of it, a committee
has been done the last few days with Eastern and near¬
out of which we are sorry to say, so far as our memory
by Southern banks. Rates are 5@5£ per cent for sixty
to ninety days’ endorsed bills receivaole, the former figure serves us, we never knew any thing good to come. / But
nominal and the latter actual; 5£@6 per cent for four our greatest surprise is that some of the most reliable
months’ acceptances, and 6 to 7 per cent for good single men in the opposition joined in the affirmative vote; we
can see no
reason in. such action, unless it bad for its
names having from four to six months to run.
The cable reports discounts of 60 day to 3 months’ object the noble purpose of putting “tte administration
bank bills in the open market at London at 1J@1£ per “m a hole.” The Ways and Means Committee on the
cent.
At Paris the open market rate is 2@2£, at Berlin other hand have pushed their work on a tariff and revenue
it is 1J- and at Frankfort it is 2 per cent.
Toese low measure to completion, and it is stated that the majority
rates in addition to the more pacific outlook of European
report will be presented to the House to-day.
In
Senate
no
final
action
has as
yet been
politics and the British funding operations encourage an the
taken on any subject before it, but intended legislation is
upward movement in securities, especially at L >ndon.
The proposed refunding of consols continues to attract gradually assuming shape.
Oa Tuesday a funding oill
introduced
was
by Mr. Aldrich from the Committee on
considerable attention.
It ia a large operation, and the
Finance
amount of friction which will attend it is a question that
(under the title of “a bill to authorize the Secis finding active discussion by the London press.
retary of the Treasury to apply the surplus money in the
Or
course, the Government must procure funds to pay off all “Treasury to the purchase of United States bonds,” &c.)
holders who refuse to accept the change, and this it is authorizing the Secretary to receive 4 per cent bonds and
argued may lead to such a displacement of capital as to issue in exchange 2^ per cents, paying “out of any money
affect the money market.
But the low rates now ruling “in the Treasury not otherwise appropriated * * *
a sum
for discounts do not in any degree encourage the idea that
equal in each case to the aggregate present worth
at
the
time of exchange” of the portion “ of inter¬
Mr. Goschen’s action will cause any disnirbance. The Bank
of England has this week gained £133,000, causnd as est from which the United States is released by such
exchange, &c.” Another section gives to the national
appears by a special cable to us by an import from E^ypt
tne power to use these new bonds as
banks
of £56,000, and by receipts from the interior of Great
security for
Britain of £77,000.
The Bank of France gained £75,000 circulating notes, the association making the deposit
gold, and since the last report the Bank of Germany has in¬ being “entitled to receive circulating notes thereon * * *
“not exceeding the par value of the bonds so deposited.”
creased its gold about £300,000.
rhis bill as we understand it is not to be held as an
Our foreign exchange maiket was dull but firm at un.
changed figures untilWednesday, when there was an advance expression of the opinion of the majority of the Finance
of half a cent per pound sterling, mainly owing, it is said, to Committee, but is a tentative measure reported for the
a demand to remit about £400,000 in settlement of a loan
purpose of bringing the whole subject
before the
Senate.
That
object is a very desirable one, and
falling due in London, which loan was negotiated thirty
to discuss the features of the
we shall take
occasion
years ago by the State of Massachusetts upon the Trey &
Greenfield Railroad.
The demand was somewhat urgent measure at some future date. Tne title cited in part above,
has in some quarters led to the belief that this report is
on that day for sight sterling and cable transfers, and the
exchange of long for short bills also made the former an amendment of the bill introduced by Mr. Mills of the
stronger.
On the following day the market was firm but House and jent to the Senate Finance Committee March
inactive, indicating that the inquiry had been satisfied. A 1st, and reported back to the Senate March 6th,—a bill
fair demand for sterling has existed also to remit for se- which authorizes the purchase of United States bonds by
curities sold here
THE FINANCIAL
on
SITUATION.
?
...
*
“
“
“
“
March
THE
24, 1888.J
CHRONICLE.
305
Secretary. There are two distinct bills, as we under¬ to an end, the reports in the earlier stages of the difficulty
stand, now before the Senate; the latter is called House encouraged the idea that the movement might assume
bill 5,034 and the former Senate bill 163.
The Senate bill very large proportions. The continued uncertainty
will require time to mature and it is very doubtful about the action of Congress upon the surplus question, is
whether that can be done at this session; furthermore it a more serious matter, for so long as this remains unset¬
must also be doubtful until experience has proved the tled, no one cares to enter upon new ventures of import¬
contrary, whether any funding measure of that kind ance. Still, the volume of business continues large. If
which is passed will be accepted by the bondholders. it is not as heavy as at this time last year, the disturbing
Consequently the speedy passage of the. House bill is in influences mentioned explain the reaion why, and it is
any event of the utmost importance; and we suppose that also to be remembered that in March, 1887, unusual
the Finance Committee of the Senate is of the same activity prevailed in the purchase and forwarding of
opinion, for we notice that Mr. Morrill, the chairman, gave goods, merchants and consumers having been anxious to
notice on Monday of this week that he should call up H. get their shipments through to destination before the InterR. 5,034 for consideration on Tuesday.
It had not been State law should go into effect. With regard to
considered up to yesterday, but we have no doubt the the temporary lull in the demand for cotton goods, the
decline in the price of the raw material is doubtless
delay was for sufficient reason.
The northwestern railroad situation has to ail appear, responsible for it.
In the iron trade the feeling is still
the
improved decidedly and in every particular during
the week.
Respecting freight rates, the latest news
further encourages the hope that the end of the war is
approaching, and that we may soon have more complete
harmony existing among the roads than has for some time
been thought possible.
A new adjustment of differences
seems to be in progress, which, if reports caD be at all relied
upon, is full of promise. As to the strike on the Burlingion
& Quincy every indication at the moment favors the belief
that it also is speedily and surely nearing its end; in fact
the latest telegrams hold out the expectation that it
may even be declared
off to-day. When we las*,
ance
wrote
the
contest
had
involved
the
Atchison
&
unsettled and the reports
conflicting. We should think,
however, that soon a proper equilibrium would be estab¬
lished between production and consumption, for the
figures published last week by the Iron Age show that
since the 1st of January there has been a reduction in the
weekly capacity of the anthracite furnaces of nearly
10,000 tons, and of the bituminous furnaces over 14,000
tons,making a reduction of about 24,000 tons per week. Per¬
haps that is the reason why, according to the statement of
Mr. John H. Jones issued this week, the stocks of anthracite
coal at tidewater points during the month of February
increased 137,333 tons in face of the fact that the amount
of coal mined was
22,681 tons less than in the same month
Santa
Fe, but the moderation and at the same time la«t year. To show more clearly the changes as compared
the firmness (suaviter in modo, fortiter T'n re) of the man¬
with other years, we annex the following statement in our
agers of that company led to better councils, and on usual form.
Monday morning the engineers and firemen on the road
Jan. 1 to March 1.
February.
had all returned to their respective positions.
They Anthracite CocU.
1888.
1887.
1887.
1888.
1886.
1888.
returned, too, without apparently any concession being
Tons.
Tons.
Tons.
Tons.
Ton*.
Tons.
Stock
beginning
made by the S*nta Fe as to hauling Burlington freigut,
372.28*
779.004
180.977
475,448
754,545
of period
95,188
that road having since then, according to current repor s,
Production
2,528,322 2,551,003 2,385,028 4,784,014 4,794,316 4,723,299
4,914,i»l 5,100.598 5,477,844
Total supply
2,823,490 3,028,451 3,184.032
taken such freight freely without the least sign of new
4 <0.809
232.501
996,940
470,809
998,948
St’kendof p riod
232,501
disturbance.
Furthermore, this boycotting feature on
4,695.9*9
4,882,490
4.480.898
Consumption.. 2,390,989 2.555,842 2,187,080
the part of the engineers was, we may presume, at.
Tnus notwithstanding the fact that February had one
the time of the return of the Santa Fe engineers, practi¬
cally eliminated from the contesr, no distinction as to tne day more this year than last, the consumption has been
source of freight having
been so far as we have seen about 165,000 tons less. With reference to the produc¬
raised on any road since that jettlemeat.
Ta clear tion and the effects upon it of the miners’ strikes, the
announcement by the court of the law which controls in
L-high region turned out only 52 250 tons, against 409 349
in
such cases and which we remarked upon last week,
1887; the Schuylkill 454,098, against 706,799 tons,
while
the Wyoming produced 2,021,973 tons, against only
was
no doubt accepted by the
Brotherhood as con
elusive, not only of the legal point raised, but 1.434,854 tons last year.
Tue stock market has been irregular and at times very
also of the unwisdom and hopelessness of opposition
to it on their
part.
Had the engineers taken a weal?, the fluctuations being governed largely by the
different course the confusion to the industrial interests of movements of the Gould stocks. On Wednesday Missouri
the Northwest would have been unparalleled, but it would Pacific suddenly declined six points in the last hour of
have aroused such a tempest of public opinion against business, and the general market which previously had
the act as could have ended only in the utter discomfiture been none too strong, became demoralized, prices dropping
of the laboring class.
It will be a great gain to law and sharply all around. The weakness continued through a
order, if when this strike is ended the boycotting of rail, part of the following day, speculation being very active,
roads shall have been proved to be a weapon of no use in and the tone since then has not greatly improved.
In
The labor struggle on the Gould system addition to the Gould stocks there have been a few other
such a contest.
of railroads in the spring of 1886 was supposed to have weak specialties, notably New York & New England, Phila¬
settled that question, but with this experience added, the delphia & Reading, Union Pacific, and at times St. Paul
remaining doubt, if there was any, has certainly been and Richmond & West Point Terminal. There can be
removed.
no doubt that great
pressure has been brought against
the
market
by operators for a decline, the Gould securi¬
Very naturally a quieter feeling prevails in trade circles.
In the first place, the storm of last week, as then stated, ties being used as a weapon.
In the face of these condi¬
almost completely stopped business for the time being. tions however some of the better class of properties have
.
Then the labor difficulties in the West have also exercised
a
held up
remarkably well, and in the case of Chicago &
and Lake Shore the change in price as
deterring influence, for though the engineers7 strike on
Burlington & Quincy now seems about to have come compared with a week ago is quite slight.
the
Northwest
As far a a
i.TtfS*~l
THE CHRONICLE.
366
developments are concerned, they have been favorable
rather than otherwise this week.
The Burlington &
new
Quincy strike has almost ceased to be a disturbing influence,
while as regards the rate war in the Northwest all
the roads are reported to have now given their consent to
an advance in rates, and by the early part of April the
[Vol XIAI.
Consisting of—
Dale.
Duties.
Gold.
178.000
17,000
63.000
374,000
5,500
74,000
GIG,000
45,000
59,000
53,000
210.000
59,000
282,356 8 3
3,500
2,000
35,000
198,000
46,000
$2,470,013 47
$16,000
$282,000 $1,917,000
$219,000
19.
44
20
484,827 62
755,123 93
a
21.
327,049 57
higher schedule will be
44
22.
that the
Total.
The Central of Georgia has also
decrease.
exhibiting a very hand¬
gain in both gross and net. Money has continued
though there have been rorae heavy shipments of
issued its February statement,
some
easy,
funds to the New
England States.
The following statement, made up from returns collected
by us, shows the week’s receipts and shipments of cur¬
rency and gold by the New York banks.
Week ending March
$1,099,000
Currency.
Gold
Total gold
Net Interior
Received by
Shipped by
N. Y. Banks. N. Y. Banks.
23,1888.
$1,099,000
and legal tenders.
Movement.
$1,811,000
300,000
Loss.
Loss.
1712,000
SCO,000
$2,111,000
Loss.
$1,012,000
changes in the bank holdings
of currency and gold caused by this movement to and
from the intei ior. In addition to that movement the banks
The above shows the actual
gained $400,000 through the operations of the Sub
Treasury. Adding that item to the above, we have the
following, which should indicate the total loss to the New
York Clearing House banks of currency and gold for
the week covered by the bank statement to be issued to-day.
have
Week ending March
Into Banks.
23,1888.
Bab-Treasury operations
lecal tenders
Banks.
Net Change in
Bank Holdings
Banks’ Interior MoTement, as above
Total gold and
Out of
...
$1,099,000
7.4'JO.OOO
*2.1 11.000
7,000,000
Loss.
$1,012,00<
Ga»n.
liO.OOt
*8.499,'W0
19,111,000
Loss..
$G12,00C
England gained £133,000 bullion during
the week.
This represents £56,000 received from abroad
and £77,000
from the interior of Great Britain.
The Bank of France gained 1,875,000 francs gold and
4,075,000 francs silver, and the bullion in the Bank
of Germany, since our last, increased 7,760,000 marks.
The following table shows the amount of bullion in
The Bank of
principal European banks this week, and at the
corresponding date last year.
the
March 24, 1887.
March 22.1888.
Banks of
Gold.
£
Ragland
Silver.
£
23.400.073
Total.
Gold.
£
£
Silver.
£
Total.
£
23,460,573
24,695,293
24,695,293
France
44.6o4.9-17 47.825,152
92,450,119
47.913,003 46,105,273
94,018.281
Germany....*
22.500.090 19.952,910
42.453,000
38,137,000
Auat.-Ilung’y
Netherlands..
0,258.000 14.715,000
20,973,000
4.485.000
8,326,000
Nat.Belgiunj*
2.897,000
National Italy
0,973.000
1.448.000
1,118,000
12,811.000
4,815,000
20,212,610 17,924,390
6,349,000 13,898,000
4,816,000 8,261,000
2.695,000 1,347,000
8.091.000
7.001,000
773.000
20,247,000
13,077,000
4,042,000
7,774,000
111,228,630 H3.385.062 204.613,692 113.681.906 88,308.668 201,990,574
Tot.prev.w’k. 110.6-9,111 H2.926.324 203,615,435 113,324,658 88,162,789 201,437,447
Tot. this week
*
Tlie division (between gold and silver) given in our table of coin and
bullion In the Bank of Germany and tlie Bank of Belgium la mad© from
the best estimate we are able to obtain: In neither case is it claimed to be
aocurate, as tb«»se banks make no distinction in tlieir weekly reports,
merely reporting the total gold and silver; but we believe the division
we make is a close approximation.
Note.—We receive the ubove results weekly by cable, and while
not all of the dare given at the head of the column, they are tue
returns issued nearest to that date—that is, the latest reportedJUguies.
Assay Office paid $137,804 through the SubTreasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the Cus¬
The
tom
House.
$23,000-
$311,000
44
a
tiflcates
26 000
17.
rather than
Silver Oer
$31,000
<<
generally in force. It is true
weekly reports of earnings just now ccmiog in
are many of them very unfavorable, but it is not to
be forgotten that the comparison is with the large totals
of earnings just preceding the going into effect of the
Inter-State law last year, and also that this year the
storm greatly reduced results.
The exhibit of the North¬
west fcr February was published this week, and proved
an agreeable surprise in
showing an increase in gross
Gold
Ocrtijlc’s.
$1 000
3,000
1,000
$396,492 93
221,162 54
Mar. 16.
u. s.
Notes.
Included in the above
payments were $7,000 in silver
coin, chiefly standard dollars.
HASTY
It
is
FINANCIAL
odd
how
add
a new
LEGISLATION,
Congressmen accspt any
kind of paper money ;o our already
TYe have this week a conspicuous
multiform collection.
offer to
instance of the
Tiie
bill
we
eagerly
absorbing influent® of this pas.ion.
refer to is the
one
which
directs the issue of fractional currency
tions of 10, 15 and 25 cents without
authorize and
of the denomina¬
any limit to the
amount.
Of course compared with the whole volume of
our currency the
fractional issues are not large, only
about 75 millions in all, and we cannot believe the desire
of our people for paper is so strong that these notes will
replace subsidiary silver coin to a very large extent.
Still this measure permits it.
What is worse, however, it
is bad in principle, and yet went with almost unheard-of
speed through the House of Representatives. It came up
on Monday.
If it had been ordinary legislation, something
that the people wanted, it probably would not have been
perfected until July. But this was another affair alto¬
gether, and consequently was brought before the House
on a motion
to suspend the rules and pass the bill at
once.
Too great haste seemed impossible.
Perhaps the
feeling was not unlike that of children in swallowing a
nauseous
dose—they feared the choking sensation of
the principle involved if taken deliberately.
Mr. Henry Bacon, a member of the Hanking and Cur¬
rency Committee, and several others, made excellent
speeches against speehy action and against the bill. Tney
showed (1) that there was no real demand for the meas¬
ure from any quarter;
(2) that the issue would cost sev¬
eral hundred thousand dollars; (3) that it would entail
serious loss upon the poorer classes who use such currency,
citing in proof of the fact that many millions of the old
fractional currency were still outstanding July 1, 1887,.
eleven years after the last issue had ceased; (4) that our
stock of subsidiary silver coinage is row beyond the needs
of the country and is accumulating in the Treasury, there
being nearly 25£ million dollars of it in the Government
vaults on the first of last month; (5) that as the need for
subsidiary currency is thus already more than satisfied,
the new device cannot find place to circulate except by
crowding out silver issues which occupy it now; and (6).
finally that the proposal is objectionable on grave
economic grounds.
But notwithstanding all this, and in face of the fact
that it was only a few years ago that we abandoned what
Mr. Cox calls “the old rotten.small pox-fractional-papercurrency” and brought in the use of silver small-change
by the almost unanimous action of Congress attended
with a hearty chorus of good riddance for the old and
welcome to the new from 50 millions of people—in face
of all this the House of Representatives on Monday last
by a vote of 177 to 67 suspended its rules and passed this
bill which virtually reverses that action.
Now let us see
the kind of reception the Senate will give to this “old,,
contagious, unpleasant” paper measure.
March 24,
THE CHRONICLF.
1888.J
THE MISSOURI PACIFIC REPORT.
It is not
undoubtedly true that all these roads have suffered heavily
from new competition,
especially from the Atchison, theSL
surprising that the exhibit of the Missouri Louis
Pacific for the late fiscal year should have excited adverse
comment, nor that its publication and concurrent rumors
367
Texas.
&
San Francisco and the S&. L mis Arkansas &
And yet, it is a curious fact that in all these cases
the changes in gross
earnings have been slight, and the
reduction or suspension of dividends should have losses in net follow
wholly from increased expenses. At
had the effect of unsettling the market values of the the same time it
is not to be denied that
of
a
company’s securities.
There
are
enough uncertain ele¬
heavy
expenses
have become the rule of
late, not alone among the South¬
ments in the affairs of the road to warrant the differences western
lines, but all over the country, as has been fre¬
of opinion that have arisen as regards it3 future and
quently pointed out in these columns,
prospects.
It is only fair to say, too, that
taking the Missouri Pacific
In the first place the mileage of the system has been
system as a whole the result of the 1887 operations, is by
extended beyond the largest expectations. Tne report no means as bad
as current criticisms would lead one to
that aside from the Little Rock & Fort Smith
road of 170 miles, no less than 2,137 miles were added
tells
us
duiiDg the year, of which about 600 miles were acquired
by purchase, about 1,000 miles by new construction and
537 miles through the operation of new road constructed
in the previous year.
Hence at the end of 1887 6,974
miles were in operation on the various lines in the
system,
while 561 miles
in
believe.
The
comparison with the preceding year is on.
favorable, but that follows almost wholly from the poor
showing on the roads already mentioned—that is, the
Kansas & Texas and its auxiliary lines. To
give promi¬
nence to this
fact, we have prepared the following detailed
statement, showing at once the result on each individual
road, and on the system as a wh jle. Ig will give a better idea
of the operations of the
company than any statement that
has yet been published. We should
say that in the case o f
of construction, so
long the system will comprise over 7,500 miles
of read.
When we say that for 1886 the average mile¬ the
Central Branch Union Pacific we have had to estimate
age on which report was made was only 4,601 miles, it some of the
items, the necessary information not being
will easily be understood what aa
important change has contained in the
report—probably because the Missouri
taken place in this respect and how the character of the
Pacific does not hold itself
responsible for that road fur¬
propeity and its prospects are affected thereby—as involv¬ ther than to
pay over its net earnings.
ing boih its own lines and those of competing systems.
Total
Int.. Txs., Surplus
Gross
Result in
As regards past results, however, it is not at all the new
IWt
Net
Div’ds A
1886.
Earnings. EarniJigs.
Income.
Rentals
mileage that is chit fly responsible for the confusion that
Deficiency.
$
exists.
A statement is given
*
$
*
$
$
showing gross and net earn¬ Mo. Pacific & brs. 12,079,590
4,692,995 7,707,258 6,119,846 +1,587,412 -294,103
ings independent of the new branch roads of 1,500 miles Iron Mountain... 8,331,823 3,483,393 3,601.895 4,050,449 —448,554 + f-4 o l
Little It. Si Ft. S.
(533,754
207,450
263,561
221,864
+41,697
—that is, we are furnished with the results of the
opera, Little Kock June.
49,892
40,282
40,282
35,790
+4,492
Kansas & Texas. 7.386,723 1,866,583 1,003,457 3,207,263
lion of 5,096 miles of road, as
->1,298,8 6 -636,011
compared with 4,601 miles Int.
& Gt. No
2,919,610
693.395
707,501
997,233 —239,732 +945,657
in 1886, a
comparatively small increase in mileage. Now Houston & Hend. 408,525 def.63,333 222,819 160,668 +62,151 + 141,838
Sed. War. & So...
520
35,481
520
24,482
-23,902 i—152,890
according to this statement gross has increased nearly
32,775,393
10,vi21,24l
14,452,293
14,877,595
mil.ion dollars, which is
+1,043,266
certainly very satisfactory as far Cent. Br. U. Pac. 1,439,460 457,082 491,192 *512,630 -365,302
-51,438 ++188,895
as it
But when we come to the net earnings we Whole System. .54,214,853 11,378,323 14,913.485 15,360,225 —416,740 +1,232,161
goes.
more were
process
that before
.
or
find
decline of
nearly a million dollars in the face
of this heavy gain in
gros?, expenses having increased
nearly 4£ million dollars.
The question immediately
arises, to what is this heavy augmentation in expenses
a
*
These items
183(5; no information for 1837,
surplus alter paying out $100,000 in dividends;
same as in
t This was the
dend in 1887.
t This is the result
no
divi¬
the Fort Soott & Wichita, which for 1886 was
stated separately, but is now included in Missouri Facilic.
Thus the
on
deficiency below charges and dividends on
increase in mileage will the entire combination of road3
(including the Central
explain only a small part of it. But perhaps the heavier Branch) is only $416,740—not
very large in itself, but
expenses follow as the result of new competition and lower
comparing with a surplus of $1,232,161 for 1886. With¬
rates, thus raising the ratio of expenses to earnings. out the Central Branch the
deficiency is $365,302, as
Examination does not quite bear out this supposition.
Only against a surplus of $1,043,266 in 1886, the difference
$1,120,000 of the $4,400,000 increase in expenses occurs againsG the late year
being $1,408,568. This difference
under the head of the cost of
conducting transportation. is more than accounted for in the changes that have
'On the other hand, motive
power shows an increase of occurred on the Kansas & Texas and the International &
$1,653,000, maintenance of way an increase of nearly Great Northern. As a
consequence of the diminished
$1,000,000 and maintenance of cars an increase of $567,- net earnings of these roads they have failed to earn their
000. Thus it would seem that the
company had been charges in the sum of $1,588,538, while in 1886 the
much more liberal in
makiDg repairs and renewals than in result on the same two roads was a surplus of $309,616.
the previous year. The
point of uncertainty is as to It will be noticed that the Little Rock & Fort Smith and
whether the increase in this respect is
permanent, or the Little Rock Junction both returned a small profit.
whether it is entirely exceptional and not
likely to be It would seem as if the Iron Mountain, like the Kansas &
repeated in the future. We need hardly say that only Texas, had done
very poorly as compared with 1886, it
those in control of the property can settle that
point showing a deficit now of $448,554, against a surplus then
definitely.
of $1,038,805, but it is to be remembered that the altera¬
If we go one
step further, and examine the figures of tion is almost entirely due to the fact that in 1887 a 5
the separate
companies, the result is much the same. It per cent dividend was paid, while in 1886
nothing was
is on the Kansas &
Texas, the Houston & Henderson and paid. The large surplus on the Missouri Pacific
proper
the International & Gt. Northern that the
falling off in net follows in great part from the same circumstance—that
earnings occurs. Thus the Kansas & Texas has net of is, it holds about $22,000,000 of Iron Mountain
stock,
only $1,866,583, against $3,322,890 in 1886 ; the Gt. and received dividends on the same in
but
1887,
none in
Northern, net of $693,395, against $967,348, and the 1886. Even if we deduct the $1,100,000 received from
Houston & Henderson a deficiency below
operating ex¬ that source, however, the result is a surplus of $487,412
cuses of $63,383, against net
earnings of $5,675, It is for 1887, against a deficiency of $294,103 in 1886—iu
attributable ?
The 10
per cent
THE
368
CHRONICLE.
[Vol. XLYI.
tLe Cedar Rapids & Chicago, and extends irom Manches¬
improvement of over three-quarters of a million, which
ter to Cedar Rapids, 42 miles, and the other is called the
must be considered quite satisfactory in view of the
Cherokee & Dakota and extends from Cherokee on the
increased mileage of branch roads operated and the
Iowa Falls & Sioux City, in the extreme northwestern
heavier charges which the company had to meet as a
consequence.
' ' » part of the State, to Onawa in one direction and to Sioux
Fal s, Dakota, in the other.
On traffic from this latter the
There has been some criticism with reference to the
haul will be very long.
unexplained character of the large item of about three
At the same time the Chicago Madison & Northern is
millions income from investments, given in the income
The primary object of this road is
account of the Missouri Pacific proper, but we have found nearing completion.
Of to furnish a connection between Chicago and the Iowa
the officials of the road not unwilling to explain it.
$1,100,000 represents the Iron Mountain dividend, system, the Illinois Central now using the line of another
road for that purpose and paying $200,000 per annum for
and the rest we are informed covers income from coal
the privilege.
But the Madison & Northern also extends
mines, express companies, sleeping cars, ferries, track
rentals and credits from various investments.
There has to Madison, Wisconsin, with a branch to Dodgeville in
the same State.
As regards the branches in Illinois, like
also been a heavy increase in the total of investments in
the Chicago Havana & Western and the Rantoul, and the
stocks and bonds from which this income is received, this
branches in Mississippi like the Yazoo & Mississippi Val¬
total now standiDg at over 44 millions, against a little
over 26£ millions in 1886.
The increase is caused mainly ley and the Canton Aberdeen & Nashville, we have
referred to them on previous occasions.
The Mississippi
by the company keeping the bonds of branch roads and
& Tennessee now also forms part of the system, the Illi¬
issuing its own bonds instead, the total of collateral trusts
nois Central owning nearly all the securities of that road.
now out being $14,302,000.
Here is a summary of the mileage of these various roads.
Miles,
Miles.
THE ILLINOIS
CENTRAL.
Cherokee & Dakota
155 Canton Aberdeen & Nashville. 108
course,
The feature in the recent
history of the Illinois Central
growth of the[system. Very quietly but wfth no less
energy than in the case of other Western organizations
the managers of the Illinois Central have been building
and securing new connections and feeders for their lines*
and in this respect the property is to-day in better position
for commanding and holding traffic than ever before in
is the
its
history.
Since the merger
been
very
with the Southern line, the work has
actively prosecuted, and as illustrating
its
Cedar Kapids &
Chicago
42
Chicago Madis n & Northern.. 173
Branch to Dodgeville
57
Chicago Havana & Western... 131
Rantoul
16
When
Yazoo & Mississippi Valley
Mississippi & Tennessee
operate about 2,900
100
958
Total
all these lines shall have been
Illinois Central will
116
completed, the
miles of road,
mileage for the late year having been 2,355 miles and
for 1886 only 2,089 miles. A bridge across
the Ohio River at Cairo to cost $2,500,000 is also being
built, and with this finished the road will possess an un¬
broken line of rail communication between New Orleans
the
the average
and Chicago, and also a line all the way from New Orleans
only necessary to say that the company now
to Sioux Falls, Dakota, and likewise to the capital of Wis¬
owns and controls nearly a thousand miles of road more
consin at Madison.
than it did only a few years ago.
It is a common saying
All these expenditures have required a large amount of
that in this country no railroad system is ever complete.
moDey.
In 1887 alone the outlays on capital account
It was supposed, however, that the Illinois Central by
reached $13,851,434, $6,052,015 of this, however, repre¬
reason of its unique position as a longitudinal line—traffic
senting the cost of the purchase of the Dubuque & Sioux
in the United States usually following the parallels of
City and the Iowa Falls & Sioux City, which being the old
latitude—might be exempt from the operation of this
I wa leased line3 we have not counted as new road.
The
But though there may not have been the same
rule.
company has pursued a very coTservaTve course in the mat¬
reason
for extending mileage that many other large
ter of raising the necessary funds, all the requirements dur¬
Western systems have had—that is, the Illinois Central
ing 1887 having been met by the issue of new stock, the
not beiDg
forced into it through the stress of com’
capital now standing at 40 millions, against 29 millions a
petition and in self-defense—yet the managers have deemed
year ago.
Further needs will be met out of the lately
it desirable for the purpose of developing the traffic of the
authorized issue of collateral trust 4 per cent gold bonds.
extent it is
system.
The most gratifying feature, however, about the Illinois
the extensions seem to have been well
Central’s affairs is that in the face of the heavy expendi¬
planned. They may be described briefly (1) as feeders to tures for new
acquisitions—some of which have not yet
the Southern line, (2) as feeders to the Illinois Central
become productive—the company is able to make a very
proper, and (3) as feeders to the Iowa lines.
As regards
We give
the latter, it is interesting to note the beneficial effects good exhibit of its operations for the late year.
the report nearly in full on another page, sc need not go
that have followed from the change from lease ownership
into any extensive details.
Suffice it to say that though
to stock ownership.
It is a well-known fact that these
the entire cost of transporting the materials lor the con*
Iowa lines have yielded very indifferent results hereto¬
struction of 400 miles of new road hat been charged in
fore, their gross earnings in 1887 being only $1,678,250,
operating expenses, yet net earnings in 1887 were larger
against $1,850,127 twelve years before. It has always than in the
year preceding.
And out of these net earnings
been supposed that by providing branches to these lines
the company paid 7 per cent dividends (3£ per cent on 30
much better results might be obtained.
But so long as
millions stock and 3^- on 40 millions), besides contributing
the lines were operated under lease for a percentage of
$583,377 to improvements, and yet increased the surplus
earnings, the Illinois Central was debarred from construct¬
dividend fund from $302,782 at the end of 1886 to
ing such branches, since through the increase in earnings
$436,356 at the end of 1887.
resulting from such a step it would simply be increasing
the rental requirement under the lease.
Now that this
restriction no longer exists, the company has entered upon
IMPORTS AND EXPORTS FOR FEBRUARY.
the work of providing the necessary feeders, and in a few
The Bureau of Statistics has issued its detailed statement of
weeks will have ready for traffic nearly 200 miles of addi¬ the foreign commerce of the country for the month of Feb¬
tional road in Iowa. One of these branch roads is called ruary, and the eight and twelve months ended with Feb. 89*
For this purpose
March 24,
THE
1888. |
CHRONICLE
the corresponding periods of
1888, as well aa comparisons for
the preceding year, as follows :
369
sion in Stock
Exchange quarters, as it was feared that the
Emperor would be the signal for a general down¬
MERCHANDISE.
fall in the prices of Government and other securities. But,
quite contrary to expectation, the markets were rather steadied
For the 8
For the
For the 12
than depressed by it.
month of
Months ended ifonths ended
So many operators had anticipated
Ftb 29-28.
Ftb. 29-28.
February.
events and had “protected” themselves against adverse move"
$55,653,020 +497,084,975 $696,421,196 ments in the stock markets, that there was a large speculation
1888.—Exports—Domestic
1,030,798
7,560,833
12,303,048
Foreign
for the fall in force, and actually on the arrival in London of
Total
$56,683,818 $504,645,808 $708,725,144
66,876,800 476,728,591 723,101,861 news from Berlin of the decease of the Emperor, European
Imports
$27,917,217
Exoess of exports over imports
Government securities hardened in price. The certainty of
$14,376,717
Excess of imports over exports $10,192,982
an early breaking-up of the health of the
Emperor has for a long
$53,941,785 $503,686,702 $716,432,688
1887.—Exports—Domestic
13,388,912 time past been hanging -over the market, and has deterred
834,604 |
Foreign
8,417,173
Total
$54,776,389 $512,103,875 $729,821,600 both investment and
speculative business. With the knowl¬
59,155,768 445,946,498 670,434,851
Imports
that
the
conversion
edge
of the British debt was at hand,
Excess of exports over imports
$59,386,749
| $66,157,377
Excess of imports over exports $4,379,379
inves ors have been transferring their cash from home Gov¬
GOLD AND SILVER—COIN AND BULLION.
ernment securities to colonial, municipal and railway bonds,
$197,505
1889. —Exports—Gold—Dom...
$2,481,606
$4,194,692 and other approved securities, till
prices in many instances
1,903,860
Foreign
V69.513
5,046,531
have
reached
unprecedented and almost prohibitive figures.
Total
$1,667,l18
$4,385,466
$9,241,223
Silver—Dom
$1,692,483 $13,828,931 $20,107,992 But all through this shifting of investments, foreign govern¬
425, <98
Foreign.
5,820,156
7,514,328 ment securities with rare
exceptions have been eschewed, and
Total
$2,117,581 $19,649,087 $27,622,320
an improvement in prices we have had quotations
instead
of
Total exports
$3,784,599 $24,034,553 $36,863,543
$1,014/68 $40, "03,364 $42,619,799 materially lower in some cases than they were a year ago.
Imports—Gold
Silver
11,61 >,108
1,170,100
16,612,384 Now the
great anxiety of the market is whether or not the
Total
$2,184,168 $51,914,472 $59,232,183
Crown Prince—for he still is spoken of as the Crown Prince
Excess of exports over imports $1,600,431
Excess of imports over exports
$27,879,919 $22,368,640 although he has assumed the dignity of Emperor—will long
death of the
$1,232,373
445,024
$1,677,397
1887.—Exports—Gold—Dom...
Foreign
Total
Silver—Dom...
$1,726,537
624,610
Foreign
Total
$2,351,147
$4,028,544
$143,611
1,332,510
$1,476,121
$2,552,423
Total exports
Imports—Gold
Silver
Total
Excess of exports over imports
Excess of imports over exports
$3,992,218
853,212
$4,845,430
$10,725,975
7,597,296
$18,323,271
$23,1.68,701
$40,594,166
12,258,915
$52,853,081
Foreign
Total..
Imports
$35,353,629
$15,635,488
10,778,746
$26,414,234
$61,767,863
$42,296,495
17,579,992
$59,876,487
$1,891,376
$2''*,684,380
TOTAL MERCHANDISE AND COIN AND
1888.—Exports—Domestic
$27,776,062
7,577,56^
BULLION.
$57,543,008 $513,395,512 $720,723,880
2,925,409
15,284,849
24,804,807
$60,468,417 $528,680,361 $745,588,687
69,060,968 528,643,063 782,334.044
Excess of exports over imports
Excess of imports over exports
$37,298
$8,592,551
$36,745,357
$56,900,695 $518,404,895 $759,844,238
1887.—Exports—Domestic
1,904,238
Foreign
16,867,6*1 _31,745,225
Total
$58,804,933 $535,272,576 $791,589,403
60,631,889 498,799,579 730,311,338
Imports
Excess of exports over imports
$36,472,997 $61,278,125
Excess of imports over exports $1,326,956
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
Imports.
Customs Dis¬
February, 1888.
tricts and
P0RT8.
Baltimore,Md.
Boston, Mass.
Buffalo Ck.N.Y
Champl’n, N.Y
Charlest’n, S.C
Chicago, Ill
Cincinnati, O.*
Detroit, Mich.
Duluth, Minn.
Galvest’n, Tex
MUw’kee.Wls.
Minn’s’a.Minn
Mobile, Ala...
Imports.
Exports.
$
848,786
5.339,775
416,239
190,208
34,774
r,021,712
279,806
208,629
$
8 months ending
Feb. 29-28.
8 months ending
Feb. 29-28.
1888.
1888.
97,907
41,714
4,487.985
7,072.547
4,059,0 ;7 38,91258
32,800 | 4.944,»'20
77,900
2,709.161
1,070,430 i
315.052
1,485!
9,103,^0
1,671.708
2317097! 2,006.893
120,:190
591,270
308,525'
418,784
09.819
1,350,889
‘40,232!
423,5341
Exports.
1887.
*
7,775,464
37,408,381
4,538,258
2,126,782
436,795
8,235,967
1,719,*58
1,043,474
55.*71
419,113
343.0O0
1,239.059
1.022
45,070
20,113
New Orl’ns.La 1,090,181 7,239,052
6,983,900
0,247,091
New York,N.Y 44,783.032 20,342.257 315,141,0 2 295,7n4,*10
Niagara, N.Y..
2,923,975
375.080,
+0,105
2,534,474
Norfolk, Va...
15,015'
89,161
545,329
91,317
Oregon, Oreg..
27.384
1,345
2,614
115,003
Oswega’ie.N.Y
109,599
107,173
1,712,148
1,8514,250
Oswego, N.Y..
4,205,400
3.870.086
Philadel’a, Pa. 4,780,535 2,154.999 20,050,8ol 24,004,808
Portland, Me..
31,310
47,030
(583, M50
1,00*. 3' 4
8t. Louis,Mo.*
203,839
1,98*4,785
2,134,993
Ban Fran., Cal. 4,710,838 2,440,109 27,040,754 25,192,118
Savannah, Ga.
27,097 1,o3i>,375
20o,990
188,472
Vermont, Vt..
404,924
137,850
4,246.193
3,630,027
20,072
828,460
Willamette,Or
1W9.734
238,441
27,079
Wilmi’g’n, N.C
106,914
452,472
107,730
50,489
Yorktown, Va.
370,870
891,854
79,053
$
32.520.75)5
.38,180,885
310,315
1,110,731
13.708,004
1,102,057
1887.
35.731,690
41,191,910
270,172
1,251,508
12,951,833
1,020,158
2,607,220 : 3.824.918
2,4 54,592i
1,7*0.282
15,2u0,3Ol 17,103,293
534,024
522,48$
3,303,5a5
1,7*6,301
59,104,608 59,6O0.89t
210,811.955 215,384,791
+42,545
+59,32fc
10,924.142 13,498,875
1,130,530
1,328,8H£
1,238,285
1,0*9,78*
1,399,205
1.020.77C
20,294,230 23,l65.62t
1,233,283
1,499,401
20,078,166
24,313,072
18,4m9,067
20,399.062
1,117,627
4.240,078
995,170
3,006.704
6,383,171
6,913,054
5,625,873
5,384.775
Totals,
(in¬
all
oth’r Diets.) 60,876,800 50,683,818 470.728,591 445,940.498 504,645.808
512,103,875
cluding
Remaining in
Remaining in
warehouse February 28,1887
$30,577,625
warehouse February 29, 1888
$32,603,607
Interior ports r,o which merchandise can be transported without
appraisement, under act of Jane 10, 1880.
t Incomplete in the aosence of law
providing the means of collecting
the statistics of exports to adjacent
foreign territory by railroad cars
*
and othrr land vehicles.
Two events of
our own
correspondent.]
London, March 10, 1888.
importance have occurred this week, one
being the introduction
into Parliament of Mr. Goschen’s bill
for the conversion of the British
debt, the other the death of
the Emperor of
Germany. The latter event was generally
looked forward to with a considerable amount of
apprehen¬
This week the British funds, measured
by the price of 2^£
cent stock, reached the highest quotation in the history of
nation,
security having been quoted at 98, a price
which ten or fifteen years ago was considered abnormally
high for British 3 per cents; but the afternoon of March 9
Mr. Goschen, the Chancellor of the Exchequer, brought for¬
ward in Parliament his conversion scheme, by which about
£560,000,000 of English 3 per cent debt is proposed to be con¬
verted for a period of fifteen years into 2% per cent stock, and
then becomes for a further guaranteed period of twenty years
a 2% per cent stock.
In case the conversion is carried out in
its entirety, the saving to the nation will be £1,400,000 per
annum for fifteen years, and thereafter double that amount,
or £2,800,000 a year.
The taxpayer naturally welcomes the
conversion as likely to relieve him of a sum equal to about a
per
the
in the £1 income tax, but the investor and
dislike a measure which cuts down so con¬
siderably the interest received from Government securities.
For the ordinary investor who is dealing with his own money
there is nothing to be said.
He may complain he has lost a
safe security giving him nearly 3 per cent, but he cannot com”
plain of injustice, for in case he objects to the reduced rate of
interest he is free to receive the principal due him and to
penny halfpenny
trustee naturally
invest it
is
a
as
he chooses.
For trustees,
certain amount of real
on
the other hand, there
hardship, because by the laws of the
land the range of securities in which they are permitted to
invest is a very narrow one, including few securities outside
British consols or funded debt.
The trustee who has his £100
tendered him is in effect informed that he must take
2% per
few years hence 2% per cent.
What seems desir.
able is that the Government, now that the Empire has extended
cent
and
a
its territory, should permit investments, under certain condi¬
tions, in colonial securities
or
in the debenture stocks of home
railway companies which have paid a dividend of say not less
than 3 per cent per annum for a certain number of years.
The general opinion in city quarters is that Mr. Goschen wilj
be able to carry liis scheme through.
He has evidently taken
the precaution to secure for the Government the option of
paying off non-assenting stockholders a year hence, or at such
time as the legal notice of repayment expires, or repaying at
any time thereafter convenient to the Government.
In other
words a non-assenting stockholder may receive the cash
he is entitled to, or the Government may say “ it is incon”
venient for us to pay you just now,” and it may subsequently
offer him the cash without further
notice.
some quarters that an arrangement
with the bankers for funds with which to pay
pected in
IPUmefcrojs ©ommcvcial % nglisfc Hews
[From
survive his father.
It had been
ex¬
would be made
off persons not
assenting to the conversion. There is no evidence, however
^hat any such arrangement has been made; but the Chancellor
of the Exchequer has been alive to the importance of offering
a small commission to those parties who may take the trouble
(O
tender their stock for conversion.
Money remains
very easy,
and discount rates have again
declined, first-class three months’ bank bills being again nego¬
tiated at
\%
per
cent and under.
The deposit rates of the
a
THE CHRONICLE.
370
unchanged. No alteration
was made in the Bank rate this week, although in some quar¬
ters the influx of bullion into the Bank and the strong position
of that establishment had led to the expectation that a reduc¬
tion would be announced. Probably the alarming state of
health of the German Emperor on last Thursday morning had
some influence on the minds of the directors in coming to a
decision to retain the rate at 2*4 per cent.
The following return shows the position of the Bank o*
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
'discount houses and banks remain
•
Circulation, exolading 7-day and
other bills...
Public deposits
Other deposits
Government securities
Other securities
Reserve of notes and coin
Coin and bullion
Reserve to liabilities
Bank rate
Consols
Gearing-House return
1888.
1887.
1880.
£
£
£
'
1865.
about 1,780,000 quarters,
in contrast with 2,152,000’
quarters at same date last year. The supplies in view for
Europe are given as 2,068,000 quarters, contrasting with
2,803,000 quarters.
The imports «>f wheat and flour—the
latter reckoned as the equivalent of wheat—have been 9,100,000
quarters in the past twenty-six wc cks and three days, con¬
trasting with about the same amount last year, and 8,160,000
quarters in the corresponding peri «1 of 1885-6. Home sales of
wheat are returned as very close t<. 5,000,000 quarters, against
3,900,000 quarters for the same period last year and 5,050,000.
quarters for the corresponding six months of 1885-6.
The rates for money have been as follows:
as
,
Interest allowed
Open market rates.
£
23,085,215 23,490,510
8,707,840 11,811,950
9,570,145
24,402,300 22,8-9,800 22.569,032 25,042,205
10.571,074 14.130,141 14,500,349 14,651.801
20,990.320 20,870,993 20,507,490 23.273,952
10,038.303 15,930,925 14,635,881 17,407,882
23.029,573 23,018,975 22,571,000 25,154,392
40 9-16
47 p.«.
48 13-16
15k P. C.
2 p. c.
4 p. C
3k D. c.
2k p. C.
101 p. c.
97 k
102
101k p.c.
133,289,000 102,550,0(0 94,823,000 90,272,000
23,191,210
12,030,034
turned
[VOL. XUVI.
23,438,050
Bank Bills.
London
4 3
“
10
“
17
Joint
“
2
“
9
Six
Four
Three
Four
Three
Stock
Six
7 to 14-
At
Months Months Months Months Months Months Banks. Call
VA<dl%
8
2k im
24 2k Ik®
Mar.
Disc't Use.
■s
1
Feb.
for deposits by
Trade Bids.
2
2k'lk®
“
im -
lk®
-
ik®
lk®
2
-
-
2
®
—
2
a
-
19a®
-
“
2
2
@3
2
@3
as
2
©2k 2k@2k
2 a - 2 (& 2k 2k«2k 2H@2H
2a,2k32k 2U®2H 2k® 3
2k@3
2a- 2k<S2k
ik® - 'a ®2k2k@2.% 2k@294
@
1«®2
Ik
lk
1
Days.
lk Ik lk
IM lk
lk-lk
lk m i h
iih.
ik m-m
1
-
1
1
1
1
The Bank rate of discount and open market rates at the
capital the last week have been on a
chief Continental cities now and for the previous three weeks*
some time past, probably because of the
have been as follows:
political uncertainty. Looking ahead to the future, however,
Feb. 17.
Feb. 24.
there are some very large loans looming which may have an
Mar. 2.
Mar. 9.
Rates of
appreciable effect on the money market. One is accustomed
Interest at
Bank
Bank
Bank
Open
Bank
Open
Open
Open
to hear of projects for raising loans on the Continent, but as
Rate. Marka
Market Rate. Market
Market Rate.
Rate.
the announcements are sporadic the aggregate of the issues is
2
2k
2k
2k
2k
2k
2k
2k
Paris
3
3
3
ik
lost sight of. France has an accumulated floating debt vari¬ Berlin
lk
3
W
lk
3
3
3
ik
3
lk
lk
1H
Frankfort
60
and
80
million
ously estimated at between
pounds
8
3
3
ik
3
lk
lk
m
Hamburg
2k
sterling. Germany has secured the assent of Parliament to Amsterdam
2k
2k
2k
2k
2k
2k
,2k
3
2k
2k
an issue of a loan of 14 million
2k
2k
2k
2k
2k
pounds sterling; Austria pro* Brussels
4
4
4
4
4
4
4
4
Madrid
poses to raise about the same amount; Italy is understood to
4
4
4
3k
3k
4
3k
3k
Vienna
be negotiating a loan, and to require in all about 6 or 7 St.
C ©0k
5
5
5
0k@6k
5
0k
6k
Petersburg.,.
8
3
3
3
3
3
3
3
million pounds.
Belgium is likely to become a borrower at Copenhagen
an early day; Russia is quite prepared to borrow if she
Messrs. Pixley & Abell write as follows on the state of the
get8
the chance; and other minor States will be very glad to
bullion market:
Gold—Enough demand still exists to prevent the present small arrivals
place loans if the opportunity offers. In round figures, the
from linding their way to the bank, and the only purchase, therefore, to
aggregate of the borrowings which appear to be likely sooner report at the Bullion Otlice is £250,000, in sovereigns, from Egypt.
£30,000 has been withdrawn to-day for South America. The only
or later is upwards of 80 million pounds, and the creation of
arrival worth noticing is £8,000 from the West Indies.
this additional amount of capital cannot but have a very
Silver—Immediately following our advices of last week a drop took
place to 43kd.; and as this decline influenced exchange a further fall to
distinct influence on both
43%1. occurred. Some inquiries for the East then came on the market,
fch^jsJ^k and money markets.
The
new
issues of
smaller scale than for
A
feature in the stock markets the last week
been
the
or
two
has
speculation in diamond-mining shares
which have again advanced considerably, De Beer's shares
having risen to about £44 per £10 share. The two most im¬
portant London financial papers, the Economist- and Statist,
this week contain emphatic warnings against the inflated
enormous
state of the market.
and further relapse was prevented.
After
Wednesday an improvement took place to
Indian steamer
brought £80,000 and £3,000 respectively, and the greater
part only realized 42 1-16d. Since then a recovery has taken place to
424d. The P. and O. steamer takes £66,995 to China and the Straits.
The
It would appear
quotations for bullion
Bar gold, fine....os.
of diamonds
Bar gold,
known to be excessive.
The trade returns for the month show an'increase in the
■value of exports over those of February last year of nearly
£1,750,000, or about 10 per cent, but it must be recollected
that February this year includes an extra day.
The totals of
the import and export trade for the past two months compared
with the same time last year are as given below :
Imports.
January
February
Two months.
The
1887.
1888.
£34,802,988
£31.047.422
29,532,776
£64,335,704
28,513,994
Difference.
I- £3,755,566
41,018,782
£59,561,416
export trade has been
as
£4,774,348
+
8-01
under:
Exports.
January
February
£18,583,671
18,992,423
£17,808.735
-f-
17,255,133
+
Two months.
£37,576,094
£35,063,868
1888.
Per ct.
-1 12-09
+ 3-57
1887.
Per ct.
Difference.
•
£774,936
1,737,290
2,511,220
+
+
4-34
10-07
+ 7-16
43kd., which remains the
price to-day. Arrivals—£56,OuO from New York, £7,0t0 from West
Indies, £55,000 from Chili; total, £118,000. The Malwa takes £153,(500
to Bombay.
Mexican dollars—The Lafayette from Central America and the \\ cst
that the De Beers has
purchased a considerable number of shares in the Kim¬
berly Central Mine, and contemplates regulating the output
of diamonds so as to maintain the price. The stocks in London
are
the Council allotments on
are
reported
GOLD.
London Standard.
Mar. 8.
d.
s.
follows :
77
9
London Standard.
Mar. 1.
s.
77
9
Bar silver
Mexican dols
Financial
43 k
43k
silver, containing 5grs. gold. .oz. 40 15-16
oz.
Cake silver
42k
77 10
Am.doubloons.oz.
Ensllih
oz.
Mar. 1.
d.
439i
Bar
.
77 10
Mar. 8.
d.
d.
contain’g
20 dwti silver..oz.
.
as
SILVER.
44k
47 3-16
42k
oz.
markets— Her Cable.
daily closing quotations for securities, &c., at London
reported by cable as follows for the week ending March 23.
The
are
London.
Silver, per oz
d.
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. S. 4k8 of 1891
U. S. 4s of 1907
Canadian Pacific
Chic. Mil. & St, Paul....
Erie common stock
Illinois Central
Sat.
Mon.
431s
43i4
Tues.
Tfed.
10P>,6 101916
43 q n
434
10146 1014a
10113,6 101
101 5s
83-00
108 34
1271.1
584
78 k
24
119
55 7s
81*92 k 82 07k
108 34
108*
1274
1274
58 k
584
78 k
784
25
24 k
119
118k
56
56k
101 5g
82-07k
108*
1274
5 8-k
7734
243a
119
Thurs.
Fri.
43k
43316
101*6 101*6
lOi*
101*
82-10
108 *
1274
81*974
108*
1274
58
76k
60
77
23 7s
24k
118*
119 4
56
30 7s
557a
557s
Throughout the week the price of Scotch pig iron lias been Pennsylvania
30k
3Lk
31k
31k
Philadelphia & Reading. 307a
depressed and the quotation has been as low as 38s. 834d. per New York Central
107 34
108 k
1084
108*
JxluSk 1085s
ton for G. M. B., contrasting with 43s. 7d. a year ago and
43s. 5d. at the beginning of the year.
The returns of the (fiommerciaX and HMsceUawcuus Hews
Cleveland iron district, the largest English producing quarter
National Banks.—The following national bank has been
show favorable statistics, the home consumption having in
organized
since last advices :
the first two months of the year been 303,000 tons, against
3,856—The First National Bank of Hopkinsville, Ky. Capital, $61,000
275,000 tons for the corresponding period of last year and
Samuel R. Crumbaugh, President; Palmer Graves, Cashier.
Imports and Exports for the Week.—The imports of last
218,000 tons in 1886.
Mark Lane markets for grain have teen harder this week, week, compared with those of the preceding week, show a
both dry goods and: general merchandise.
and there has been a very active business in foreign flour. decrease in
The total imports were $8,370,518, against $10,908,804, the pre¬
The supplies on passage are appreciably below what they were
ceding week and $12,059,665 two weeks previous. The exports
a year ago.
Wheat and flour coming to this country are re¬ for the week ended March 20 amounted to $4,686,306, against
March 24,
THE CHRONICLE.
1888.J
$5,709,086 last week and $6,069,307 two weeks previous. The
following are the imports at New York for the week end¬
ing (for dry goods) March 15 and for the week ending (for
general merchandise) March 16; also, total since the beginning
of the first week in January :
FOREIGN IMPORTS AT NEW YORK.
For Week.
1S85.
Dry Goods
$2,335,603'
Geu’l mer’dise..
$7,713,052
Geu’l mer’dise..
51,600,310
Total 11 weeks.
In
1887.
$80,313,717
$2,726,314
6,080,892
5,611,171
$8,511,080
$8,370,518
$30,405,009
$33,058,661
63,792,010,
$35,567,236
66,289,129
71,673,716
$91,197,019
$99,317,793 $107,210,982
report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 20, 1888, and from
January 1 to date:
our
EXPORTS FROM NEW YORK.
1885.
For the week....
Prev. reported..
18S6.
$5,907,268
66,299,106
Total 11 weeks.
|
$6,113,6321
56.115,707
$72,206,374
1887.
|
1888.
$6,553,39/5
59,001,312
$4,686,306
59,520,747
j
$62,229,339; $65,554,709] $64,207,053
The following table shows the
exports and imports of specie
at the port of New York for the week
ending March 17, and
since January 1, 1888, and for the
corresponding periods in
1887 and 1886.
EXPORTS ANI) IMPORTS OF SPECIE AT NEW YORK.
Exports.
Gold.
Week
Great Britain
France
$
Germany
West Indies
400,060
Mexico.
South America
Ail other countries...
10,080j
92,181
3,222,371
4,711,258! 15,428,127
$454,433
306,008
154,077
Exports.
Week.
Great Britain
France
Germany
$84,000
Mexico
South America
All other countries...
$2,422,430
48,300
Total 1888
Total 1887
Total 1886
236,404'
3,636.766
Week.
Since Jan.lt
$
$12
816
129,019
84,139
5,667
7,744
282,810
$-8,815
$510,059
42,921
409,660
2*9.935
105,761
9,013
54,923
for the week in 1888, $32,434 were
American gold coin and $4,421 American silver coin. Of the
exports during the same time $3,000 were American gold
coin and $100 were American silver coin.
imports
Central Iowa.—The Central Iowa (Illinois
sold in foreclosure
on
Division)
was
the 17th inst. to James Munson of New
York. The price paid was $300,000. The road runs from
Peoria to K^itnsburg, on the
Mississippi, west of the Peoria
connections of the Iowa Division of the Central Iowa
road,
crossing the Mississippi at Keichsburg.
Chicago Milwaukee & St. Paul.—Press dispatches state
that the contract for budding an extension from
Cnamberlam,
D. T., 170 miles, to the Black Hills, has been let to
Major
Allen of Mason C ity, Iowa.
Chamberlain is the present west¬
ern terminus of the Iowa & Dakota
Division, 722 miles from
Chicago.
«
Chicago St. Louis & Pittsburg.—The annual report for
1887 will show the following : Gross
earnings, $5,887,180, an
increase of $1,044,864 over 1886 ; expenses,
$4,311,164, an in¬
crease of $344,863.
The operating expenses absorbed 73 per
cent of the gross eirnings, against 82
The
per cent in 1886.
net earnings for 1887 were $1,576,015.
The year’s charges
against which were, for interest on bonds, &c., $1,236,017,
leaving a surplus for 1887 of $339,998, against a loss for 1886
of $315,119, showing a gain for the
year of $655,117.
Dayton Fort Wayne & Chicago.—At Dayton, Ohio, March
19, a receiver was finally appointed for this road. The Court
appointed R. D. Marshall receiver, and ordered him to pre¬
pare a bond of $50,000 and immediately assume control of the
property of the road, which he did.
Duluth & Iron Range.—The extension from Tower to the
Chandler mme, 21 miles, will be completed
April 1 and put in
operation about June 1.
Flint & Perc Marquette.—A dispatch from Detroit states
that the Court’s decision is in favor of the common stock¬
holders in b th the Mackintosh andParker suits. The Court
finds that the
their stock
common
of Jan.
holders
are
entitled to the issue of
1, 1886. and orders the issuing of the
shares, also injunction forbidding the company to deny the
right of common stock to vote now, payment of back divi¬
dend of 5 per cent on preferred stock ordered
paid out of land
as
ture,
said
principal items of expendi¬
as thus far announced, chargeable to
to be: New road on Wilkesbarre
the
new
stock,
are
Mountain, $800,000 ;
new
road between Roselle and South
Plainfield, N. J.,
$400,000; Jersey City Water front, recently acquired, $450,000 ; wharves, freight houses and elevator
at Jersey City,
$500,000; Buffalo terminals, $500,000; locomotive and car
equipment, $1,000,000 ; steel steamers for lake service, $50n,000.
This makes a total of $4,150,000.
Missouri Kansas & Texas.—Over 200,000 shares of Missouri
Kansas & Texas stock and a large amount of the bonds were
represented at a meeting in the office of E iward Sweet & Co.,
No. 38 Broad Street. Mr. R. V.
Marfcinsen, chairman of the
Amsterdam committee of investigation, was
present.
Mr. Martinsen and others reported the results of their in¬
vestigations.
They estimated
that
during the last year Mis¬
wrongfully deprived of at least
$1,000,000 through manipulation of the traffic in favor of the
Missouri Pacific Company. Of the 460,000 shares of stock out¬
standing nearly one-half were represented at the meeting, and
enough more it was thought could easily be obtained to give
souri Kansas & Texas had been
control of the company.
It was resolved to issue a call for
stock and bond holders next
a public
meeting of the
Monday afternoon at three
Nashville Chattanooga & St. Louis.—The statement for
February and the eight months ending FeOruary 29 shows
the following:
Fibruary.
/
3 888.
Gross earnings
$248, *35
Operating expenses.... 146,535
Net
earnings
Improvements
,—Tnly 1 (o Feb. 20.—*
.
1887.
1888.
1887.
$219,461
136,024
$2,121,279
1,187.119
$1,811,524
1,039,507
$62,734
$113,437
$61,364
12,934
$934,160
$498,942
17,807
$478,798
92,512
62,371
$75,668
$26,632
$79,171
$34,266
$591,454
$342,706
$541,169
$102,300
Interest and taxes
Surplus
51,553
3,210,015
on authority of
officers of this company, that at the close of the
fiscal
year November 30th last the floating debt wfcs less than the
cish in hand.
This debt, as it matures, will be raid off from
the new stock capital.
The other
Total
3,860
21,567
205,378
certainty.
2,021,590
96,100
l,90u
$132,300] $2,801,928
40,970] 1,849,140
above
$2,126,205
Jmjiorts.
Since Jan. 1.
West Indies
the
2,250,
|
30,000 i
89,219
22,433
121.806
Silver.
Of
2,976,118
$1,768
1,461,928
427,632
50,368
5,183
86,842
2.433
or any other funis which
maybe applicable. In the
Parker suit the Court forbids the
purchase of the Port Huron
road in accordance with
prayer of complainants.
As this is the first press
dispatch it is desirable to await mail
advices to ascertain the particulars with
o’clock.
(Since Jan. 1
$
1
409,070
$109,660 i $3,154,579
Total 1887
Total 1886
Week.
$58,401
7,100
1,248
3,000
Total 1888
Iniports.
Since Jan. 1.
funds
Lehigh Yalley.—The Phila. Ledger states,
the
1888.
$2,460,188
6,269,3231
$9,196,390'
$25,713,407!
Dry Goods..
|
$2,927,067i
5,408.019,
Total
Since Jan. 1.
•
1886.
|
371
$772,017
$230,848
Philadelphia & Erie.—The Philadelphia & ErieRiilroad
$3,000,000 7 per cent loan, which falls due July 1st, it is
seated will be extended at 4 per
cent in bonds running until
1920.
The holders of the maturing loan will be given until
May 15th the option of extending, and thoso doing so will
have the coupon due July 1st cashed on
May 15th in full, the
interi st on the new 4s beginning on
July 1st.
Rome &
Decatur.—Tne bondholders’ reorganization plan,
time ago,has been successfully c trried through,
and the work of building the road as
originally proposed has
been commenced.
Construction is to be paid for by the issue
published
some
of receiver’s certificates to such
an amount as is
necessary.
President Edwards, of the Bank of the State of New York,
who is chairman of the Bondholders’
Committee, will issue
the certificates in such amounts and at such times as the con¬
tractors’ arrangement
with the receiver stipulates.
Wells, Fargo & Co.—Erie —The Wells, Fargo Express Com¬
pany has purchased the Erie Express Company, and entered
into a fifteen years’ contract for the control of the
express
business over the New York Lake Erie & Western Riilroad
and its subsidiary and leased lines.
The ErD Company made
a transfer of all the
property of its express department to the
Wells, Fargo Company at
appraisers.
$250,000
a valuation to be determined by
The value of the property is estimated at from
$300,000.
Wheeling & Lake Erie.—The stockholders have voted to
make the present stock preferred.
A meeting of directors is
expected to be called within a few days to name a time for
making an exchange.
The Ontario Silver Mining Comoany has declared its one
hundred and forty-second cividend, for February, of 50 cents
per share or $75,000, payable at the transfer
agency of Messrs.
Lounsbery & Co. on the 31st inst.
—The old Stock Exchange firm of Lawrence Bros. & Co.
has been dissolved and a new
copartnership formed under the
firm nam« of Cyrus J. Lawrence & Sons, with offices at No.
to
—
31 Broad Street.
Ranking and ^financial.
CLEVELAND
&
CANTON
1ST MORTGAGE 30-YEAR 5
TOTAL
RAILROAD
PER
CENT
CO.
BONDS.
ISSUE, $2,000,000.
RATE, $12,500 PER MILE.
VALUE OF PROPERTY COVERED, $8,000,000
Price, 92*2 and Interest.
FOR
COFFIN &
SALE
BY
STANTON, Bankers,
11 WALL
ST., NEW YORK.
THE
372
CHRONICLE.
To-day the rates on actual business were as follows, viz.:
days’sterling, 4 86@4 86f; demand, 4 87f@4 88.
’Qht gankm' ©alette.
Bankers’ 60
Name of Company.
Railroads.
Charters
Evansville & Terre Haute (quar).
2*3
1*4
2%
2i*
3*3
Georgia RR. A Banking (quar.)...
Providence & Worcester (quar.)
Utica & Black River (quar.)
Bank
..
When
jPayable.
April
•April
(quar.)
.
Equitable Gas (quar.)
2 Mar. 21 to
15 April 2 to April 15
31 Mar. 22 to April 1
March. Mar. 21 to Mar. 30
;
1*3
j April
2
j April
1
New Central Coal
(Days inclusive.)
Mar.
April
[April
Money
7|---- —
16i April
10 April
3 to Apr.
3 to Apr.
Street has been
more
16
10
P. M.
Financial Situation.—The
interesting this week, and almost any¬
Market
Prime hankers’ sterling
Prime commercial
'
Sixty Days.
bills on London..
.....
Documentary commercial.
Prims
....................
(fra,Ties)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks).......
4 86is
4 S4%®4 8514
4 84*a®4 85
5 20
®5 1938
40*4® 40^1^
953q® 95*2
Demand.
4 88*3
5 18*«>®5
17*2
40?iq ®40*3
95%®9578
and
seems more agreeable than the intolerable stagnation
which for so long has characterized our market.
It is true that there ha9 been a decline in prices, but this
thing
very heavy except in one particular group of
Stocks, the Gould specialties, and as the public could not
know much about those before their annual reports were
out, it was best to have the documents issued and the uncer¬
tainty done with. The most striking points in those reports
are these: 1. The receipt of $3,014,262 by Missouri Pacific from
dividends, &c., accounted for by $1,100,000 from Iron Moun¬
tain stock, $1,000,000 from coal, express, ferry and sleeping
car companies and track rentals, and the balance from mis¬
cellaneous investments.
2. An increase of $17,678,000 in
the amount of stocks and bonds owned, accounted for by
$14, 309,000 of the securities of new roads pledged in the Col¬
lateral Trust, and the balance by other similar securities in the
treasury of the company. 3. The decrease in cash on hand
Dec. 31, 1887, of $2,114,414, accounted for by the fact that
on Dec. 31, 1886, large amounts from instalments paid on new
stock were then in hand.
4. The large amount of $5,547,948
on Dec. 31, 1887, due from uncollected accounts, which is ex¬
plained by balances due from agents and. conductors, Postoffice and War Department, from companies and individuals,
and by the very important item of advances towards the com¬
pletion of new lines which advances were presumably large,
though the precise amount is not known. The Missouri
Kansas & Texas shows a deficiency for the year of $1,298,805
after paying its bonded interest.
No reports of the earnings of these roads have been issued
from month to month during the year, and the fact must have
been patent to all our readers that in this respect they were
was
March 23.
2 Mar. 24 to April 1
WALL. STREET. FRIDAY. March 23. 1888-5
The
domestic exchange on New
to-day: Savannah, buying f
premium; selling 3-16(o!)f premium; Charleston, buying |
premium; selling f- premium; New Orleans, commercial, 75c;
premium; bank, par; St. Louis, 75@90c. premium; Chicago,
25c. premium.
The rates of leading bankers are as follows:
The following were the rates of
York at the undermentioned cities
Books Closed,
'April 17 Aptil 4 to April 17
j
Chatham National (quar.)
Miscellaneous
Cen. & So. American Ttl.
j
4 84f@4 85.
were
Continental bills were: Francs, 5 20@5 20f and 5 18f d)5 18|;
reicnmarRs, 95| and 95f; guilders, 40f@40f and 40f@40f.
dividends have recently been announced :
Per
Cent,
Commercial bills
Cables, 4 88@4 88£.
DIVIDENDS:
The following
[VOL. iLTfl.
United States Bonds.—Government bonds
continue quite
dull, the transactions of the week having again been ver y
limited.
Prices have remained almost stationary and are abou t
the same as a week ago.
The closing prices at the N. Y. Board have been as follows: •
not
different from most of the roads whose securities are sold at
the Board.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from If to 3 percent,
and to-day the rates were 2@3 per cent.
Prime commercial
paper is quoted at 4£@6 per cent.
The Bank of England weekly statement on
Thursday showed
gain in specie of £133,000, and the percentage of reserve to
liabilities was 44*81, against 44*43 last week; the discount
a
rate remains unchanged at 2 per cent.
The Bank of France
gained 1,875,000 francs in gold and 4,075,000 francs in silver.
The New York Clearing House banks in their statement of
March 17 showed a decrease in surplus reserve of $1,475,050,
the total surplus being $10,012,250, against $11,487,300 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
1888.
March 17.
Diffr'nc’s fr'm
Prev. Week.
1887.
March 19.
1886.
March 20.
$
$
$
$
Loans and disc’ts. 369,695.400 Inc.
498,300 368,811,^00 359.085,300
72,798,700 Dec. 1,593,600 82,852,600 84 109,100
Specie
Circulation
7.622,700 Dec.
9,800
7,sl6,100
7.658,900
Net deposits
377,657,000 Dee. 500.600 382.14 600 391,437,200
6,600 20,018,900 31,103.000
31,627,800 Dec.
Legal tenders
Legal reserve
Reserve held
Surplus
94,414.250 Dec.
125,150
95,536,150
97.859,300
104,426,500 Dec. 1,600,200 102,871,500 115,2'2,100
10,012,250 Dec. 1,475,050J
7,335,350
17,412 800
Exchange.—Sterling exchange has been quite active the
past week, the demand having been brisk on several days.
Commercial bills have been scarce, aud the supply of security
bills has been readily absorbed, and these facts have added
their influence to keeping the market strong.
Some of the
leading drawers advanced their posted rates on Wednesday fe.,
to 4 86f and 4 88f, these figures having been quoted, how¬
ever, by several bankers for some time past.
An arrival of a
small amount of gold from France was reported, but it was
regarded as exceptional and had no significance in the ex¬
change market.
Interest Mar.
Periods
17.
4*38, 1891
4*28.1891
48,1907
4s, 1907
6s, cur’cy,*95
Mar.
19.
Mar.
20.
Mar.
21.
Mar.
22.
Mar.
23.
reg Q.-Mar. *106*2 *106*2 *106*2 106% *106*2 *106*3
coup. Q.-Mar. *10650 *10658 *106*3 *106*2 *106*3 *106*3
reg. Q.-Jan. 1J438 *12438 *12430 124** *1243fl *124%
coup. (J#-" J <1U« *12538 *12538 *12530 *12538 *12530
*120
*120
*120
*120
reg. J. & J. *120
*122
*122
*122
*122
6s, cur’cy,’96
reer. J. & J. *122
*124
*124
6s, cur’cy,’97—reg. J. & J. *124*4 *124 *124
*127
*127
*127
6s, cur’cy,’98—reg. J. & J. *127*a *127
6s, cur’cy,’99
reg. 3. & J. 1*12934 1*129*3 1*129*3 *129*2 [*129*3
*
This is tlie price bid at the morning board; no sale was made.
*125%
*120
*122
*124*4
*127*3
*129%
State and Railroad Bonds.—State bonds have been neg¬
lected at the Board, the transactions not having been sufficient
to make
quotable market.
a
Railroad bonds have been
moderately active, the volume of
little with a more active stock market.
The tone of the market for bonds has been irregular and un¬
settled, some of the leading classes being weak, in sympathy
with the decline in stocks, while the choice higher-priced bonds
are, as a rule, well held.
The weakest bonds have been the
Missouri Kansas & Texas 5s, 6s and 7s, which have gone down
several points in sympathy with the declining tendency of the
Gould stocks. Other issues of bonds declined with these, though
not so much, and showed a fair reactionary tendency, with
the recovery in the stock market.
business
improving
a
Railroad and Miscellaneous Stocks.—The
has been treated to a bear movement this week,
stock market
and prices for
nearly every stock on the list fell off at one time to the lowest
point of the current year.
The declining tendency com¬
menced on Saturday, the 17th, when various unsettling ru¬
mors about a spread of the Western strike, &c., &c., were cir¬
culated, causing a slight loss in values throughout the list. On
Monday the market was much improved, and a very fair recov¬
ery in prices took place, the principal stimulus being the col¬
lapse of the Atchison strike and a growing belief that the
strike on the C. B. & Q. would soon be ended.
The better
tone did not last long, however, as on Tuesday a selling move¬
ment was inaugurated, which was continued almost uninter¬
ruptedly until Thursday noon. The starting point in this case
was Missouri Pacific, which declined sharply from 84f on Mon¬
day to 73f on Thursday. The immediate cause of this selling
on such a large scale was said to be the uncertainty in regard
to the dividend, some of the directors being in favor of pass¬
ing it altogether, while others favored a continuation of the
old rate, or only a slight reduction.
Some unexplained items
of very large amount in the annual report also helped the de¬
cline; but back of these things, and more important than all
ofthem, was the usual mystery attending the transactions in
this stock.
Under the above influence the whole market
declined more or less sharply until Thursday noon, when the
decline was arrested and prices began to recover, and on
Thursday night nearly every leading stock closed higher than
it opened on that day.
The Burlington strike seems to be nearing its close and the
restoration of rates on the Western roads is reported now as
practically agreed to, so that with these two difficulties out of
the way the outlook will be vastly improved.
There was con¬
siderable demoralization in
the market at
one
time and
a
free
selling of both long and short stocks. Beside the Gould stocks,
the most conspicuous have been New England, Union Pacific
and Reading, the latter having had specially large sales.
The
other coal stocks and the grangers were not relatively as active
as
the rest of the list.
To-day there
less excitement in the market, but the
long side, as prices generally
closed easier, with Lake Shore at89; Erie, 23J; Lrnion Pacific,
51f; Northwest, 106f; St. Paul, 74f; New England, 311;
Reading, 59f; Missouri Pacific, 75; M. K. & T., Ilf; Western
Union, 73£.
result
was
was
not favorable to the
March 24,
THE
1888,]
CHRONICLE
373
STOCKS-PKICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDING MARCH 23, AND SINCE JAN. 1, 1888.
HIGHEST AND
STOCKS.
Saturday,
Monday,
March 17.
March 19.
LOWEST PRICES.
Sales
Range Since Jan. 1,1888.
of the
Tuesday.
Wednesday,
March 20.
Thursday,
March 21.
March 22.
Friday,
Week,
March 23.
Shares.
1
Lowest.
j
Highest.
Active RR. Stocks.
*834
Atlantic A Pacilic
Canadian Pacilic
51
Canada Southern
1
78^4
Central of New Jersey
I *27
Central Pacilic
2i2
Chesapeake A Ohio
Do
.lstpref. |
434
*3
Do
2d pref..
1
121
34
Chicago Burlington A Quincy.
Chicago Milwaukee A St. Paul. | 75%
Do
pref. *114
10(Ji4
Chicago & Northwestern
Do
pref. *14()n>
Chicago Hock Island & Pacilic. | 111
Chicago St. Louis & Pittsburg. *13
I)o
pref. 1 *33
34 7s
Chicago St. Paul Min. & Oiu...
913
!
5113
7S%
28
2ifl
434
334
122
9
*56 %
9%
51%
7834
27%
2%
4%
51%
79%
27%
2%
4%
3
3
*9
51%
78%
27%
2%
4
2%
121% 123% 122%
75% 76%
7534
7618
H5I3
106%
52
79
27%
2%
4%l
2%
76%
115% 115% 115% 115%
107
107% 10634 107%
141% *140% 141%
IIII3 111% 111% 111% 11134
15
*12% 14
*12% 14
Do
Do
Do
1st pref.
2d pref..
Evansville & Terre Haute
Port Worth A Denver City....
Green Bay Winona A St. Paul.
Illinois Central
Ind. Bloom. A West
Lake Erie A Western
Do
pref.
Lake 8hore & Mich. Southern.
Long Island
Louisville & Nashville
Louis. New Alb. A Chicago...
Manhattan Elevated, consol..
Memphis & Charleston
Michigan Central
Mil. Lake Shore A West
Do
47%
47%
*45
22
17% 19%
127% 128
126% 127%
*17
*17
9
58
21
*40
403s
Do
81a
35
35
34%
40
*30
40
77
77
70
95
6
131q
82i4
*813
*72
Central A Hudson.
Chic. & St. Louis...
10414
1413
*05
lstpref.
2d pref..
Lake Erie & West’u
*28 %
pref.
5413
32i8
23 %
& New England....
Ontario & West....
Susq. & Western...
pref.
Western
pref.
Northern Pacific
Do
Ohio & Mississippi
pref.
Oregon & Trans-Continental..
Peoria Decatur & Evansville.
Philadelphia & Reading
Riohmond & West P’tTerminal
Do
pref.
<
48
95
pref.
Do
Wheeling A Lake Erie
1338
44%
90%
90%
54%
88%
*90
31
87%
89%
85%
87%
84%
85%
78
78%
77
78%
77
77%
91
70
92
•*
70
95
*4
*12
95
6
13%
80%
*12
14%
133ft
83%
65
29
24%
23%
54%
16
28 34
*16
43
44
43%
20%
43%
19%
20%
43%
17%
28 34
17
443s
22
62%
62
84
84
*84
54%
323s
1534
8%
28%
53
53
29%
15%
778
31%
15%
28
28
18%
17%
18
84
20%
62
60 34
84
*83
28
22%
5114
12 34
2214
22%
52%
52%
23%
53%
13
13
13
23%
23%
49
50
3334
34%
34%
34%
34%
3434
74
74
74
74
74
10578 106
4519
*133
40is
*8913
74
*2 34
Morns A Essex
138
40%
89%
74
3%
5
0
*85
87
139% 139 %
Ohio Southern
Pitts. Ft. Wayne A Chic
105a
10%
xl53
153
Quicksilver Mining Co
*9
11
Do
36
pref. *34
Bt. Louis Alt. A Terre Haute.. *35
38
St. Louis Ark. A Texas
*1113 12
South Carolina
Wkitebreast Fuel Co.
Columbus A Hocking Coal....
2213
Tennessee Coal A Iron
*2714
Various Stocks. See, (Uni isted.
Amer. Cotton Oil Trust
Pipe Line Certificates t
20%
517e
13
23%
50%
12 34
22
*49
34
21%
52%
12 34
22%
50%
34%
98
20
74
*133
40
40%
40
75
*72
2%
*4%
*85
2%
5%
87
10 34
153
9
35
36
10 34
153
9
35
36
11%
12
9%
23
*4%
12
*8
27%
97%
2638
95
27
sale
was
*136
40%
89%
40%
*89%
74
3
*72
140
+
152 34 152 34
35
37
35
37
%!
27%;
5%
5%
12
30
15%
28%
*15%
42%
20 34
43%
18%
1,100
70,005
31%
15%
58,120
1,305
8%
800
28%
548
460
8.201
610
19
18%
3,510
4,170
6,415
31
Mar. 22
84% Mar. 22
Jan.
Mar.
Feb.
Mar.
Mar.
Mar.
91% Feb. 11
64% Jan.
9
39
96
57
Jan. 10
Jan. 10
Feb. 23
87% Jan.
9
80
.Tjin. TO
9
5
11
22 104% Jan.
5
19
9% Jan. 11
23 17% .Tan.
9
11% Mar. 23 18% Jan.
73% Mar. 22 89% Jan.
8% Mar. 19 13% Jan.
74
Mar. 22 80
Jan.
103% Mar. 21 108
Jan.
13% Mar. 22 17% Jan.
64% Mar. 20 73
Jan.
28% Mar. 22 37
Jan.
223ft Mar. 9 29% Jan.
53
Mar. 22 65% Jan.
29% Mar. 22 39% Jan.
14% Mar. lo 18% Jan.
77q Mar. 22
9% Jan.
28
Mar. 22 33% Jan.
15% Mar. 22 18% Feb.
42
Mar.
5
20%
42%
18%
17%
16%
Mar.
Mar.
Mar.
Mar.
Mar.
17
22
22
21
8
47
23
Jan.
Jan.
47% Jan.
25
Jan.
22% Jan.
5
3
27
9
9
27
27
30
9
10
10
9
7
30
2
30
10
10
31
18
82% Feb. 13
Jan. 31
Jan.
5
Jan. 30
Jan. 16
Jan.
3
Jan. 28
Jan. 23
2,300
2,520
Mar. 17
12% Mar. 22
21% Mar. 23
44% Jan. 3
85
28
*84
29
65
112
48
85
29
66%
112
48
59
28
2,160 65
40 111
685 47%
200 95 '
1,981 98
20,230 20
81,415 51 %
23
Jan. 11
88
Mar. 22 36%
Mar. 23 73%
Mar. 9 116
Mar. 15 62%
Mar. 17 105
Mar. 22 114%
Mar. 22 27%
47%
493ft
49
49
1,400
32%
33%
*33
34
72
73
72% 72%
10534 106%
3,115 32% Mar. 22 38%
Mar. 10 78
2,540 72
4,410 103 Jan. 3 112
725 45% Mar. 17 55
46
46
•
•
•
•^
•
31
3134
100% 10034
138% 138%
73%
73%
72
72
9134
9134
136
*130
3
10%
*72
75
45
255
200
*10
10
153
200
*
11
*153%
9%
*33
*35
36
38
8
1,500
5
87
*
9%
36
38
12%
8
464
500
360
400
400
200
300
100
19%
"
19%
1,975
26%
4,450
26%
25
96
913ft
26%
93%'
253i
88%
26% 21,090
93% 13830,000
price is ex-dividend.
j 71% Mar.
22
16
70
Jan. 12
Jan.
3
6
28% Jan.
55
Feb. 13
Feb. 17
Jan. 18
Jan. 30
Jan. 18
94% Feb.
3
37 % Jan. 16
106% Feb. 15
144% Jan. 30
79% Feb. 24
Jan. 23
Jan. 25
Jan. 20
Mar. 22
75
Feb.
99% Feb.
140% Feb.
40
Mar. 19 43% Jan.
89% Mar. 2 94% Jan.
40
Mar. 5 41% Feb.
Feb.
72% Mar. 6 80
2% Mar. 23
4% Jan.
4% Mar. 6
6% Feb.
83% Jan.
4 91
Feb.
135
Jan.
3 139% Mar.
10
Mar. 22 12% Feb.
250 91^ Mar. 22
55 135
Jan.
9
90
2%
Mar. 22
Jan. 30
3
58% Jan.
36' 140 Mar. 23 145
305 106% Mar. 22 108%
267 67
Jan.
4 74
30 128
Jan. 19 135
250
137
86
31
99
Mar. 23
305
Jan. 18
1,074 137% Mar. 17
*40%
*89%
2%
*4%
5%
1,100
10,950
74% 107,595
*72
75
87
t Lower
9
Jan. 20
Feb 13
Jan. 30
47
Jan.
9
95% Jan.
9
83
400
21
61%
26
25
Jan.
14
31
16
67% Feb. 18
24% Feb. 23
69% Feb. 23
18%
937e
3
Mar. 22
20% Mar. 22
55
Jan.
6
600
26%
27%'
46% Jan
17
17
9638
Feb. 23
23% Feb. 24
88% Jan. 10
60% 316,160
217g 50,850
2,975
61%
25%
19%
27%
made at the Board.
735
345
550
65%
28%
2334
16
89
16
22
22
22
52% Mar. 22
5
11
8,666
Mar.
Mar. 21
Jan.
Mar.
Mar.
Mar.
350
57
10% Jan. 12
65
9% Jan. 27
5 122% Feb.
3
277g
12%
42%
88%
1,061
13,100
Mar. 22
40% Jan. 20
7% Mar. 20
52
77
65
91
400
43%
203.4
43%
55
18
84
22
8
18%
350
38,743
2,030
*11
25
105% Feb. 14 109
Jan 27
46
Mar. 22 53% Feb. 16
21%
*35
6
40% Jan. 10
513ft
12%
10
153
*9
*33
TO
17
12
21
|
98%
21%
53%
12%
21%
*
9%
14% Tan
3834 Jan.
98
*4%
87
139% 1 397«
10 ~
11 “
4
2034
51%
12%
21%
*72
3
1
59%
40%
90
40
75
Mar.
6
Mar. 22
99
135
Feb.
Jan.
Feb.
Feb.
Jan.
17
••••••
92%
Jan.
60%
213ft
60»4
138% 138%
5%
*153% 154
9% 10
35% 35%
*35% 38
2734
95%
139
*85
87
1393. 1393±
*10 ~
11 '
21
27%
no
*72
3
28
97 %l
*92%
38,935
78
70
91
17%
105% 106%
453ft 45%
86
87%
31% 32
74
40
28
27
asked;
*40
89%
*8
28
74
93%
140 “ *133
1,249
1,990
78
*52
91
144
74
93%
.Tan.
31
34
213ft
52 34
12%
71%
10
4
24
7
27
24
17
30
1i:U, Foil
13
370 114
625 10
200
*140
143
140% 141
*140
144
140
140
107% 108
107% 108
107% 107% 106% 107% *106
109
72
72
72%
*71
72%
72
7178 72
72% 72%
*130
132
*130
*130
133
135
135
135
*130
140
97
the prices bid and
2338
53%
„
*140
19
18%
68% 68%
111% 111%
72% 73
105% 106% 105% 106% 105% 105 %
47
45% *46
45% 45%
4534 45%
87
88
88% 88%
89
87% 88
33%
33% 34
33% 34
31% 33%
101
101
103
*100% 103
*100% 103
*137
139
138
138
138% 138% 138%
75 %
76
77% t74% 77
72% 75
40
,
Marquette Hough. A On., pref.
101
50
*73
Cincin. Ind. St. Louis A Chic..
Cincinnati Wash. A Baltimore.
Do
pref.
100
225ft
j 132
Chicago A Ind. Coal Railway.
48
1,300
4,390
39
96%
101
23
33%
Philadelphia Co., Nat. Gas
*10113
Pullman Palace Car Co
137i4
Western Union Telegraph....
7513
Express Stocks.
Adams
*140
145
! 108
American
108
United States
73
| *72
Wells, Fargo A Co
132
Inactive Stocks.
American Tel. A Cable Co
Atchison Top. & Santa Fe
92
92
pref.
*94%
48
50
Pacific Mail
Do
48
21%
52%
12%
22%
49%
Oregon Railway & Nav. Co... : x87
Chicago & Alton
Chicago A East. Illinois
48
200
85%
8
20
17
59
1,128
*31
85
8
43
19
22
114% 116
10% 10%
*29% 31
*12% 13%
43% 43%
88% 89%
*89% 91
53% 54
250
630
2034
43%
Mnr.
.Tan.
Feb.
81a
22%
*2038
42%
18%
17%
33%
5%
20 10
23
7%
19 130%
22 i 78
4 116
22 110%
8
23%
15%
16 !
23,
41%
65%
28%
433ft
9
Mar. 22
Mar. 22
Mar. 22
60
19
86
29
15%
56 34 Jan.
j 81% Feb. 25
*56
19
*83
*40
10
74
65
3
Mar. 21 ! 257ftJan.
9
Mar. 8 133% Jan. 30
Jan
Mar. 8 23
6
Mar. 21 55
Jan. 28
*8
74
65
17%
60%
21%
800 j
10%
65
29
23 7s
.
2,900
12%
74
22
1,500 17
127% 128% 128,645 125 %
210 | 16
*16% 16%
832 45
45% 45%
9
9
1,250
8%
1037ft 104% 104% 104%
13% 13% *13% 15
28%
2234
150
76% 100,759
42%
*16%
5934
2034
61%
47%
240 140
10% Jan. 10
1,566 110% Mar. 22 114% Jan. 27
11%
16
623s
86
21%
140
111
14
36
34% 35
74%
43%
20%
43%
19%
17
140
111
*12
*33
12%
16
61%
62
28%
*8
74
8% Mar. 22
50%
14,520 49% Mar.
77% 78%
9,675 75
Jan.
547
*27% 28
26 s4 Mar.
1%
134
2,515
134 Mar.
4%
1,220
4
4%
Mar.
2%
1,450
2%
2% Mar.
12234 123%
4,224 121% Mar.
73% 75% 159,990 73% Mar.
114% 115%
‘004 112% Jan.
106% 107% 40,905 10534 Mar.
77
42%
20%
17
330
5%
12%
73%
■
74% 74%
103% 10434
14% 14%
31
29
16
2,615
11
13%
8134
*8
*28%
2334
62
85
5%
14%
1234
75%
76%
104% 105
1434 14%
64% 65%
215ft
★
70
94
5
94
5
*8
*74
60%
21%
48
95
91
31
15%
8%
61
893ft
*89
32
16
18%
17%
6034
883s
89%
32
15%
18%
17%
8%
36
8%
43%
20%
18%
17%
61 »4
8%
53%
16
20
45%
8%
S34
08%
51
47%
52%
33%
43 %
22
47
18
128
17
*44% 46
53%
30
20%
46
17
126
17
91
32%
101
pref.
Miscellaneous Stocks,
Colorado Coal A Irou
Consolidated Gas Co
Delaware & Hudson Canal....
Oregon Improvement Co
11
31
33%
21
34%
8%
*57 34
.
55
*20%
43%
110% 111
*12% 14
*30
33%
34
3434
2958
Bt. PaulMinneap. & Manitoba.
Texas & Pacific
Union Pacific
Wabash St. L. & Pacific
are
7%
116%
55
I6I9
73% 74%
114% 114%
10534 10634
55
55
18
18% 18%
18
*84
87
84
84
*40
41%
*7
8%
115% 115% *115
116%
10
10
10
10%
*29% 31
13 * 13
12% 12%
44
44
42% 43%
32%
15%
4313
123
60
55
2913
122
30 34 30 34 *29% 30% *28% 30%
295ft
68 34 68%
6834 69%
*07
67% 70
pref.
69%
1st pref. *111
112% *111
112% *111% 112% *111
112%
Do
Do
Bt. Paul A Duluth
Do
These
*58
32%
*2813
*1513
4213
204
4314
*82
100
5
4%
*2
52%
★
1413
1314
13% 13%
83
8278
84%
9
913
8%
75
76
7613
10510 104% 105
14
14
14%
65
65
60ie
30
*28% 30
235r
23% 24%
*8
29
18ie
*1013
6013
2114
6II2
53
*31
78
70
16
8
Bt. Louis & San Francisco
*
77%
*15
8
■k
90%
88%
ir
*90
5
89%
54%
834
403o
*29%
13%
44%
50%
78%
27%.
*1%
4%
49
17
45
58
19
87
116
11
11
88%
*46
17
9%
7%
*30
*89
pref.
Nashv.Chattanooga A St.Louis
8
133i
44%
90%
90%
9013
9
58
19
*84
*40
40%
11
50
*46%
60
20
88
*13%
44%
89%
90%
53%
*513
Mobile A Ohio
45%
9%
*9
*55
*18
*86
*40
7%
116% 116%
*12
Missouri Kansas A Texas.
Missouri Pacilic
45%
1151s 115%
*1013 1113
*2914 31
1314 133s
4414 4414
89
8913
*90
9113
52% 5313
95
Minneapolis A 8t. Louis.;
New York
New York
Do
Do
New York
Do
New York
New York
New York
Do
Norfolk &
Do
4513
9
58
*19
128
18
8 34
58
140% 140%
3434
18
49%
77%
*27
111% 111%
35%
*19
127
*17
58
115% 115%
105% 1007ft
34%
2013
pref.
4%
347b
48
k
4%
35
*71.1
Kingston A Pembroke
2
33
20ie
4514
pref.
East Tennessee Ya. & Ga. H’y.
178
33
48
*17
83ft
36
12(578 1273o
Denver & Rio G., assessing pd.
9
57%
51%
78%
27%
2%
2%
122
122%
74% 75 %
123
Do
pref.
Cleveland Col.Gin.& Indianap.
Columbus Hocking Yal. &Tol.
9
57%
50%
77%
27%
9%
10
20
10
30
26
21
2
9
24
7
21
27
151
Jan.
5 154
Mar. 10
9
Mar. 19 1334 Jan. 12
33% Jan. 4 38% Jan. 10
36
Jan.
19
11 34 Mar. 19
734 Jan. 31
83% Jan.
4
17
25
Mar. 22
Mar. 21
39
Jan. 11
1078 Jan. 16
9 % Jan. 27
97% Feb. 25
30
Jan.
9
32% Jan. 30
25
Mar. 21 34% Jan. 17
85% Jan. 17 100
Mar. 6
X Prices from both Exchanges.
CHRONICLE
THE
374
BONDS-LATEST PBICES OF ACTIVE BONDS AT
Railroad Bonds.
.
Mar.23! ilar. 16
Lowest.
23
22*s
22*4
Atl. & Pac.—W. D. inc., 6s, 1910
81
81 *4
80
Guar., 4b, 1937
:*'VqK« 104%b. 105i4b. 105
Oar. South.—1st guar., 5s, 1908 SO
90
2d, 58,1913
Central of N. J.—1st, 7s,
Consol. 7b, 1899
1890..
—
105i2b.
116*2b.
120 b.
Convert. 7s, 1902
Convert, deb. 6s, 1908
101
General inert., 5s, 1987.. ....
Len. A W.B.,con.7s, 1909,a8 nt 11234
Am. Dock A Imp., 5s, 1921. .. 105*4
114
b.
Central Pacific—gold 6s. 1898.. 116 b.
San Joaquin Br. Gs. 1900
10iV>.
Land grant Gs. 1890
Mort. 6s, 1936..........--yoo
Ohes. A O.—Pur. m. fund 6s, 98
6s, gold, ser. B,1908, coup, oil
Exten. coup.,
4s, 1986
6e, currency, 1918
Mort. 6s, 1911
Ohes. O. &So. W.—5-6s, 1911...
Ohic.Bur. A Nor.—1st,5s, 1926.
Ohio. Burl. & Q.—Con. 7s, 1903.
Debenture 5s, 1913
DenverDivls.,4s, 1922...
....
Ohio. & East. Ill - Con. 6s, 1934
Ohio. A Ind. Coal R., 1st, 5s, ’36
Ch.Mil. A St.P—1st, Life
Consol. 7s, 1905
M.7s, ’97
------
1st, So. Mlu. Div.—68,1910....
1st, Chi. A Pac.W.Dlv—5s, ’21
Wis.AMin. Div.—5s, 1921....
Terminal 5s, 1914
Ohio. & N. W.—Consol. 7s, 1915
Gold, 7s, 1902
Sinking fund 6s, 1929
Sinking fund 5s, 1929
Sinking fund debent. 5s, 1933
25-year debeut. 5s, 1909
Extension 4*, 1926
Chi. R. I. A Pac.—6s, coup. 1917.
Exten. & col. 5s, 1934
Oh. 8t.P.fM. A O.—Consol. 6s. ’30
Oh.St.L.A Pitts.—1st.con. 5s,’32
66
a.
100
I
18
b.
} 103
b.
102
131
a.
91
b.
102
90*2
103*4
a.
10138
b. 132 b. 129*2
105*2
104*2
104*2
00
91
11634b. 116*2b. 113
98 a. 97
117 b. 118
114*2
124 *2b. 125
123*2
112
3ab. 111*4
112%
lOJ*2b. 104*8
iOUte
101%
102 *2a. 102*2b
141 *2b.
130 *4b.
131
2d,6s, 1931...
Gr’nB.W.ASt.P.—2dinc.8s,1911 29 a.
Gulf Col.A8an.Fe—1st,7s, 1909 I20%b.
9778a.
Gold, 6s, 1923
a.
Lnd.Bl. &W.— l8t,pref.,7s, 1900 108
90
let, 5-6s, 1909, tr. rec
2d, 5-6s, 1909, tr. rec
87
East. Div.—6s. 1921, tr. rec..
I 64
Coupon, 6s, 1909
i 70
J£ent. Ceutr.—Gold 4s, 1987
Knoxr. AO.—1st, 6s, gold, 1925 ] 91
104
L. Erie A W.—1st g., 5s. 1937
LakeSh.—Con.coup.,1st, 7s,1900 125
..
107*2 Feb.
Jan.
Jan.
139*2 Jan.
128*2 Jan.
10178 Feb.
101*2 Feb.
144
Jan.
126
100
34*2
95%
b.
99*2
97
134
132*2
112*2b. 111
116*2b. 11634
96
94*2
80*2
7H5g
102 b. 101*2
a. 104
90
a.
28
119
132
121
Ill
109*2
95
Jan
133*2 Feb.
Jan.
Mar. 107 5s
12 L
Jan.
Jan. 100*2
Jan. 1129
Jan. ! 10:)*4
Jan. llo4
Mar.
73%
Mar. j 75
Jan. 1121
Mar.
79*2
73
Jan.
Mar.
68*2
Feb.
80%
43
Jan.
Jan.
99%
Jan. 104
Mar. 137*2
Jan. 114
Jau. 118
Feb.
997s
Mar.
82
Feb. 106
Jan. 105*2
Mar.
92*2
I
Mar.
32*2
122
97 7e
110
Jan.
96*2 Jan.
l). 108*2 Jan.
b. Ill
112
Mar.
Feb.
a.
11234 jan.
a.
102
Feb.
a.
65
Jau.
a.
b.
69
104*4b.
b.
a.
b.
70
70
92*2.1.
b. 105
89*2 Jan.
a.'101*2 Jan.
b. 125
!
107
107
10-40, 6s, 1924
Lou. N. A. A Ck.- 1st, 6s, 1910. 108*2b.
91*2
Consol., gold, 6s, 1916
Mem. A Ch’lston—6s, gold, 1924
■Metro. Elevated.—1st, 68, 1908. no
105
2d, 6s, 1899
Mich. Central—1st, con., 7s, ’02 128 34
Consol. 5s, 1902
1108 b.
108
!ll7*2b.
Pac. of Mo.—1st, 6s, 1888.... ! 101 *4
2d mort., 7s, 1891
|106 b.
OTE—The letter “ b” indicates
10634 Mar.
101
114
b. 100
no
I063sb. 103
127 b. 127
110 b. 109*2
110%b. 108
115
117*2
101 *8b. 100*2
105*2b. 104
a.
93
Construction, 5s, 1923
N. Y. A Nor. —1st, 5s, 1927.....
N. Y. Ont. A W.—1st. 6s. 1914..
N.Y.Sus.AW.—1st ref., 5s, 1937.
Midland of N. J.—1st, 6s, 1910
N. O. Pacific—1st, 6s, 1920
Norfolk A West. -Gen., 6s, 1931
North.
Ohio A Miss.—Consol., 7s,
Class
C, 4s,
68, 10-20
1906
1906
1906
1900
105
108
100
100
; 106*2
!
15
25
Arkansas—Os, funded.. 1899-1900
7s, Little Rock A Fort Smith, iss.
7s, Memphis A Little Rock, iss..
7s, Arkansas Central RR
!
10
Georgia—7s, gold
Louisiana—7s, cons
Stamped, 4s
1890 105*2 1063s
W lohlsran—7s
1890
1914
105
j
'
105
1
92
b.
9L
114
75
118
a.
b. I
b.
110
106
109
91
113
74
118
108*5 Jan.
105*2 Jan.
43
128% Jan.
104*4
132%
10*30
128*2
86*4
114*8
Jan.
Jan,
Feb.
Jan.
Feb.
Jan.
Mar.
Jau.
Feb.
Feb.
Mar.
Jan.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Feb.
Jau.
Jan.
Jan.
Feb.
Feb.
Mar.
Feb.
Mar.
Jail.
Fe>.
Jan.
Consol., extend., 5s, 1922
6s, 1925 -.
2d, income, 5s, 1925.
St. L. Alt. A T. II.—1st, 7s, 1894.
2d, M., pref., 7s, 1894
2d., M.,inc., 7s, 1894
Dividend bds, 6s, 1894
St. L. Ark. A Tex.—1st, 6s, 1936
2d, 6s, 1936
St. L. A Ir. Mt.—1st, 7s, 1892...
2d mort., 7s, 1897
Cairo A Fulton—1st, 7s, 1891
Gen. Ry. A land gr., 5s, 1931.
St. L. A San Fr - 6s., Cl. A,1906
51
Feb.
93*2 Feb.
130*2 Mar.
106*4 Mar.
135
111
133
110*4 Fob.
106*2 Mar.
b. 109
b. 91
b. 111*2
b.
75
b. 112 *2
Jau.
Jan.
113
93
114
80
118
b. L02
Jau.
Jan.
Mar.
Jan.
115*2 Jan.
b. ioG
b.
b.
9s
41
Feb.
Jan.
Mar.
Mar.
Jau.
Frb.
Jan.
Jan.
Jan.
Mar.
Mar.
Mar.
Jan.
Jan.
Mar.
Jan.
Jau.
Jan.
Jau.
Jan.
112*4 Feb.
108
103
40 a.
40 a.
39
101
101 b.
98
40
4 L
b. 39*2
105 *2b. 108
b. 106*2
109 *2b. 1<)9
104 b. lO370l). 104
89 a.
8 4
117* "b. 118
113*4
L17 b. 117 b. 11538
117
b. HG*4b. 114
ll>*2b. 115*25. 112*2
IOJSq.j. 102 %b. 103**8
1013gt). 101 %b. 100
114 a.
112
11 8*2U.
117
114
114*2a. 114
104*2b.
..
...
^
Jan.
Jan.
Mar.
Jan.
Mar.
117*8 Mar.
105*2 Jan.
102*2 Jan.
1L6*4 Mar.
118*2 Mar.
104*2 Feb.
34
76
100
110
109
Jan.
Jan.
Jan.
Jan.
Jan.
96*2 Feb.
109
Jan.
106
Jan.
75
Jam
59% Jan.
115
130
118
Mai.
Jau.
Feb.
115*2 Jau.
109
Feb.
104
Mar.
101*2 Mar.
41
Jan.
113
Jan.
110*4 Jan.
Feb.
Jan. ; 104*2 Feb.
38
Jan,
Jan.
Jau. !l04*4 Feb.
Mar. i 43*2 Jan.
Mar. 111*2 Jan.
Jan. 1112
Jan.
Ft b. ; 105*2 Jan.
Mar. I 92*2 Jan.
Jan. i 118
Jau.
Jan. 119*2 Jan.
Jan.
Jau.
Jail.
Jan.
Jan.
Jan.
Mir.
Feb.
118
116
103
Jan.
Mar.
Feb.
10158 Feb.
113% Feb.
118*2 Jan.
116*4 Feb.
97
Jan.
Jan.
Mar.
Jao.
Jau.
Jan.
92*4 Feb.
36*4 Jan.
10234 Feb.
Jan.
116
Mar.
Jan.
Jan.
108*2
51*2
70*2
62*2
93*2
Mar.
Jan.
Jan.
Mar.
Feb.
Jao.
107
Mar.
Mar.
Mar.
Jan.
85
Feb.
18% Jan.
.
Jan.
91*2 Jan.
Tol.St.LA Kan. C.—lst.6s, 1916'
! 114
Jan.
Union Pacific—1st, 6s, 1899.... 115 b.
103 %b. 103 *2b.
Land grant, 7s, 1887-9
Sinking fund, 8s, 1893
Kan. Pacific— 1st,6s, 1895....
1st, 6s, 1896
Denver Div.—6s, 1899
1st consol, 6s, 1919
Oregon Sh. Line -1st, 6s, ’22..
Virginia Mid.—Gen. in., 5s, 1936
Wat). St.L. A Pac. - Gen., 6s, ’20
Fel).
Mar.
110*2 Jan.
113 Ss Jan.
Jan.
118
Feb.
103*2 Jan.
105% leb.
Wabash—Mortgagees, 1909..
’90
1st, St. L. Div.. 78.1889
2d, extended, 7s, 1893
Con., conv., 7s, 1907
Great West.—1st, 7s, 1888
2d, 7s, 1893
Feb.
West Shore—Guar.. 4s
lll^b.
114
b.
109
b. 109 *2b.
11 *2b.
110i8
115 b.
105 %b.
105i2
103 b. lol *2
75
b. I 80
44
b.
a. ! 40
;il4*2
Mar.
97% Jan.
Feb.
94
115*8 Feb.
;il9
Jan.
1o9*2 Feb. jl 12*2 Jan.
Jan.
109% Feb. 'ill
1114*2 Feb. 1115*2 Mar.
'101% Jan. 103*8 Mar.
100
Feb. 103*2 Jan.
82
47
Feb.
Jau.
Jan.
78
41
Mar.
Jan.
93
Feb.
:
85 b. 84
107t). 107*2b. 107*4 Mar.
108 a. I08 a. 107*2 Jan.
80 b.
88
Jan.
Jau.
83
107 b. 107 b. 107
Mar.
Jan.
88
90
109
109
91
1(913s”*
101% Mar.
10130
997s Jan.
98% Feb.
Jan.
Jan.
Feb.
Feb.
88*2 Feb.
Feb.
109
90
Jan.
aotual sales.
BONDS.
due 1889
Bid.
or
1890
Ask.
Tennessee—6s, old
1892-1898
Compromise, 3-4-5-68
1912
39
RR
1910
1919
94
120
Bid.
SECURITIES.
Rhode Island—6s, cou.. 1893-1894
South Carolina—6s, non-fund. 1888
1893
Brown consolidated 6s
102*2
,
Consolidated 4s
Feb.
Jan.
6s, Class B, 1906
6s, Class C, 1906
Gen’l mort., 6s, 1931
Gen’i mort., 5s, 1931
So. Pac., Mo.—1st, 6s, 1888...
St. Paul M. A M.—1st, 7s, 1909.
2d, 6s, 1909
1st cons., 6s, 1933
Do
reduced to 4 *28.. 9G*2a. 95%b. 96*2
Shenandoah Val.- 1st, 7s, 1909 90 b. 90 b. 90
30 b.
30
Gen’i mort., 6s, 1921
102 b. ioi"b!
97
So. Carolina—1st, 6s, 1620
77 %b.
77 b. G9
2d,6s, 1931
13
b.
15
17*4a
Inc., 6s. 1931
So. Pao., Cal.—1st, 6s, 1905-12.. 115 b. 115 b. 11 i5e
So. Pao., Ari.—1st, 6s, 1909-10..
107 *2b. 105*4
80. Pac., N. M.—1st, 6s, 1911.
45 %b.
4 4
Tex. A Pac.—Inc. A Id gr, 7s. ’15 44
GG *q
65
Rio Grande Div.—6s, 1930
53
b.
tO
Gen. mort. A terra., 6s, 1905..
98
b. 9*7 7e**
85
Tol. A. A. A N. M—1st, 6s, 1924.
101
Tol.A.A. A Gr.Tr.—1st, 6s, 1921 104 b.
89 b.
Tol. Peor. A West—1st, 7s, ’17
97
93
Tol. A Ohio Cent.—1st, 5s, 1935 9G*2b.
Tol. A Wab.—1st, ext.. 7s,
Special tax, Class 1
112
Jan.
59
10778 Jan.
b 1023y Jan.
b. 127
101*4'a.
101*4
40
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
a.
St Jo. AGd.Isl.—1st,
Jau.
Mar.
84*2 Jau.
Jau.
Mar.
110
63*4 Jan.
106*2 Jan.
116
Jan.
105*2 Jan.
Mar.
L02*4a. 99% Jan.
116 *4b. lit *2 Jan.
b. 105
b. 102
Mar.
108*2 Feb.
Feb.
Feb.
Jan.
90*4 Jan.
117*2 Jan.
129% Feb.
I17*s
105
Ill
50*2 Mar.
90
a.
120*2 Jan.
1173s Jan.
73*4 Jan.
Jau.
Feb.
Asylum or University, due 1892 104
Funding
1894-1895 107
New York—6s, loan
1892 110*2
6s, loan
1893 111
35
North Carolina—(3s, old
JAJ
10
Funding act
:
1900
20
New bonds, J. A J....1892-1898
6s
a.
101*2b.
Peo. Dec. A Evans.—1st. 6s, ’20. 105
Evansv.Div—1st, 6s, 1920... 102
Feb.
Feb.
Chatham
110
106
1898.
Chicago Divison—5s, 1910
Missouri—6s
b.
Highest.
Mar.
60
..
SECURITIES.
Bid. ( Ask.
,
116
b. 117
2d, consol., 7s. 1911
102
b. 103 b.
99*2
Ohio Southern—lBt, 6s, 1921.
30
30
2d, inc., 6s, 1921
70
Omaha A St. L.—1st, 4s, 1937.. 70 b. 70*2b.
9; %
94*4
Oregon Impr. Co.—1st, 6s, 1910 98*2
Ore. R. A Nav. Co.—1st, 6s, 1909 109 *2 b. 109*2!). 103%
loo a.
99 *2
9 i*4
Consol., 5s, 1925
93
Oregon A Transoon.—6s, 1922.. 90 b. 95*4
prioe bid,and “ a” price ashed; all other prioes and the range are from
SECURITIES.
52
b. 130*2
PaciiiG—1st,coup.,6s, ’21 11678
1027s Jan.
116*4 Jan.
Jan.
107
67
58
100
b. 112
105*2
Gen’i, 2d, coup.. 1933
N. Pac.Ter.Co.—1st, 6s, 1933... 102
STATE
Alabama—ClasB A 3 to 5
Class B, 5s
130
Jan.
Mar.
Jau.
Jhii.
107
130
112
..
N.Y.AHar.—1st, 7s, 1900
104
112% Jan.
102 *2b. 104
Feb.
109*2
Mar.
108
91
b. 90*2 Jan.
1927
Feb.
113*2 Mar.
89
N. Y.Chio. ASt.L.—1st. 4s, 1937.'. 89%
114*2
N.Y. Elevated—1st, 7s, 1906
N. Y. Lack. A W.—1st, 6s, 1921. 128 *2b. 129
99% Feb.
114
114
110
b. 1u5*2 Jan.
b. 104% Jan.
Feb.
102
b.
53
Jan.
41
lstpref. debentures, 7s
6s, 1911 91 *2b. 91 ».
7s, 1913 127 b. 1*7 b.
5s, 1893 105 b. 105 b.
7s, 1903 133*2b. 13^*2b.
103
b.
108*2
Debenture, 5s, 1904
~
94*2 Jan.
105*4 Mar.
'127
122*2 Jau. 1125
120*2 Jan. 1121
ill
Jau. 114134
b.i 120
Jan. 1123*
b. 1c8*8 Jail. 112*2
109
Mutual Uu. Tele.—S. f.,
Nash. Ch. A St. L.—1st,
N.Y. Central—Extend.,
N.Y.C. AH.—1st, cp.,
Feb.
Feb.
b, 119
1st, Extension, 6s, 1927
Jau.
71*2 Jau.
88
Feb.
Feb.
18
111*2 Jan.
77
Jan.
75
Jan.
a.
120
a. 102
73*2
71*2
71*2
2d mort., 5s, 1927
53
Rich A All.—1st, 7s, 1920, tr. rec 50 b. 54 %a.
Riclun. A Dan.—Cons., 6s, 1915 114 b. 114 a. 10)
b. 100
10J b. 105
Debenture, 6s, 1927UG
R00L1. A Pitts.—1st, 6s, 1921...
114*21). 115 b. 113
Consol., 6s, 1922
RmneW. A Ogd.—1st, 7s, 1891. I03*ab. 108 ^b. 107
104
103 b. 101%
Feb.
Feb.
Jan.
Feb.
Feb.
Mar.
Jau.
87
16
89
64
a.
Mobile A Ohio—New, 6a,
jl08*2 Jan.
69
Lowest.
.
Feb.
112*2 Jan.
89*2 Jan.
87
Mil. Lk.Sh. A W.—1st, 0s, 1921. 120*a
Ashland Div.—1st, 6s, 1925.
b'
Milw. <fc Nor.—M. L., 6s. 1910.. 104
107*2b.
Extension, 1st, 6s, 1913
Minn. A 8t. L.—1st, 7s, 1927
52 b.
Imp. A Equip.—6s, 1922
60%
Mo K. A Tex—Con., 6s, 1920...
50*a
Consol., 5s, 1920
91*2
Consol., 7s, 1904-5-6
1145s Jan.
114
Range since Jan. 1.
Mar.23 Mar.16
1115*2 Jan.
Con. coup., 2d, 7s, 1903...
i
1121
b. 121
Long Island—1st, 7s, 1898..
112 a.
1st, consol., 5s, 1931
120
Lou. & Nash.—Consol., 7s, 1898 120*2
N. O. A Mobile—1st, 6s, 1930. 112 b. 112
9G*2b.
96*2 Jan.
2d, 6s,1930
Feb.
B. H. & N.—1st, 6b, 1919
114*4b. 114*4b. 114
I13*eb. 113
10934 Jau.
General, 6s, 1930
3d,7s, 1906
Feb.
Feb.
Feb.
Feb.
105*2 Jau.
977sa.
b. 125
124
12378
Trust Bonds, 6s, 1922
Jau.
95
100
65
6s,gold,’19 102*2
Jan.
Feb.
39
99
69
.fan.
b. lo7*2b. 111*2 Mar.
90 a.
a.
Jan.
85
a.
17
Income, 6s, 1921, tr. rec
Int. & Gt.Nor.—1st,
103
132
105
77*2b.
b.
b. 114
a. 108
108
69
108*2 Jan.
101*2 Jan.
60
77
b. 107
Ill
110
112
28
Feb.
101 *2 Mar.
Jan.
Feb.
b.
122
Mar.
115% Feb.
103% Jan.
10414 Mar.
114*4 Feb.
70»8 Feb.
70*2 Feb.
114
90*8
West. Division—1st, 5s, 1931.
Feb.
Mar.
Jan
Jan.
Feb.
Feb.
Mar.
104
Feb.
117*4 Feb.
100*4 Feb.
118*« Fein
108
109 *2b. I06 b. ;108
iO ) *2d. lo5*2a. 10434
92%a. 92*2 I 91*2
2dM.,7s, 1905
Fei».
101*2
114%
105*4
114*2
Jan.
Jan.
Jan.
Jan.
110*2* ilY’b.
62
J <‘2
Mar.
131*2b. 1313i '131*2
105
10434
104
121
a. T19*2
120*2
9.j 34 a.
I 993i
126 b. 1*2 9 * a! 1123
■©. C. C. A Ind.—Consol. 7s, 1914
! 107 *2
Gen. 6s, 1934
Col. Coal A Iron—1st, 6s, 1900.. 101 *2b. 10138b. 100
69 b. ! 65
Col. H. Val. A Tol.—Con. 5s, ’31 65
72 a. ! 65
70 a.
Gen. gold, 6s, 1904
121
119*2
Denver & Rio Gr.—1st, 7s, 1900 120*2b.
763i
75*2
75
lstoon. 4s, 1936 —
69 b. 71
Den. A R. Gr. W.- 1st, 6s, 1911. 66 b.
1st, West. D., 78,1891
1st, Waco A N. 7s, 1903
94*2 Jan.
108*2 Jan.
11734 Feb.
121
Feb.
Feb.
Jan.
Mar.
Feb.
Jan.
Jan.
Mar.
58 b.
Assented
Den. So. Pk. A Pac.—1st, 7s, ’05 74 b.
Det.Mac.A M.—Ld.gr.3 *28,1911 39 a.
E.Ten.V.& G. Ry.—Con.,5s, ’56 993i
Eliz. Lex. & B. Sandy—6s, 1902. 99 a.
Erie- 1st. consol, gold, 7s, 1920 132 *2b.
11234b.
Long Dock, 7s, 1893
118 a.
Con. 6s, 1935
N.Y.L.E.AW—2d con. 6s, I960 9538
Ft. W. & Denv. C. -1st, 6s, 1921 79
Gal.Har.A San.Ant.—1st, 6s,’10 102 b.
Jan.
107
Mar.
120*2
Denderson Br.Co.—1st. 6s. 1931 107
Ill
H. A Tex. C.—1st M. L. 7s
27*2 Jan.
83
Feb.
Mar.
Jan.
63*2 Mar.
19*2
b. ilOO
103*2
Closing.
Railroad Bonds.
Highest.
89 3x Mar.
105 4. b. 1C450 Feb.
117
111** Jan.
120 b 115
Jan.
102 b. 102
Feb.
100 34
98
Jan.
112 b. 1123i Mar.
105
101*2 Jan.
114 b. 113*2 Jan.
1154}b. 114 5a Jan.
102 b. 102
Jan.
104
10278 J an.
105*4 Feb.
I 65
b.
65*4 Feb.
j 63*2
65*2
18*4
N. Y. STOCK EXCHANGE, AND RANGE SINCE JAN. I, 1888
Range since Jan. 1.
Closing.
fVOL. XLVI,
95 *2
122
New settlement—68
5s
1913
1913
3s...„...
1913
Virginia—oe, old
68, consolidated bonds
6s, consolidated, 2d series
6s, deferred, trust rec
Ask.
108
3*2
106
57
67
100
92
68
48
70
55
7
.
4**
107*«
62
72
106
95
69*2
8*2
March 24, 1888. J
THE CHRONICLE
375
BONDS—STOCK EXCHANGE QUOTATIONS ON FRIDAY OF
INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Eli*. C. & N.—S.f., deb., 6s.
Railroad Bonds.
(Stock Exchange Prices.)
Atch. Top. A Ban. Fe— 4Hb ...1920
Sinking fund, 6s
1911
Collateral Tiust, 5s
.1937
106*4
93*8
Beecn Creek—1st gold, 4s
1936
Bait. & Onio—let6s, ParkB ..1919
6b, gold...
1925
Boat. H. Tun. & W.—Deb. 5b...1913
>1
>0
)7
L9 *111
53 106
110
50 114*4 116
S8 1023*, 103
50 128
>8 *107
6
2 103
9 *
90*
8
95
82*45
120
107
1st, cons., fd. coup
105
81
2d, 3-58
1915
BnrL Ce. Rap. A No.—1st, 5s. 1906
Consol. A col. tr, 5s
1934
B. N. Y. A E,
106
84
100
92
'99
7s
Reorg., 1st li
97*4
Brooklyn E lev.—1st, G., 6b...1924
Buff. & S.
1st, 7s...
W.—Mortg. 6s...
Evans. & Indian.—1st,
1st 5b
1921
Central row a—1st, 7s, Tr. Recl899
East’n Div., 1st, 6s
1912
Illinois Division—1st 6s
1912
Cons, gold bonds, 6s
1924
Cent. RR. A Banking Co., Ga.—
97*2
84
100
103
Han. A St. Jos.—Cons., 6s..
Hous. E. & W. Tex—1st, 7e
Illinois Central—
101
104
113
124
126*2
Louis. & Mo. River—1st 7s.. 1900 *119
2d 7b
1900 *117*4!
8t. L. Jacks.& Chic.—1st, 7a. 1894 *115*2
1st, guar. (564), 7s
1894 *115*s
2d mortg. (360), 7s
1898 *116
2d, guar. (188), 7s
1898 *117
Miss. R. Bridge—1st, s.f. 68.1912 *107
5s, sinking fund
Iowa
Div.-Sink, fund, 5s..1919
Sinking fund, 4s
1919
Plain, 4*
.1921
Nebraska Extension 4s
1927
Chic. Burl. & No.—Deb. 6s. ...1896
92%
93
Ced. Falls & Minn.—1st
Tndianap. D. A Spr.—
Extension, 4s
Eeok. A Des M.—1st, 5s
Chic. Milw.A St.P.—
..
1st, 7s, $
g.,
-
55
88
1923
107
1st, 7s
1st, 7s, I. A D. Ext.
1st, S. W. Div., 6s..
1st, H. A D., 7s
1
il7
4
7
iii*2
113*2
102
104*2
*122
...
) 25
101
......
119*2
Chic. & Mo. Riv. Div., 5s ...1
Mineral Point Div., 5s
1
C. & L. Sup. Div., 5s
1921
100
100
*99
102
*v
i21*s
Nasliv. & Decatur—
S. & N. Ala.—8. f., 6
Louisv. C. & L.—6s
130
.
m
m
Registered
Cin. Jack.
AMac.—1st,g.,5s...1930
Col. A Green.—1st, 6s
1916
2d, 6s
1926
Col. A Cin. Midland—1st, 6s.. 1914
Cceur d’Alene. 1st,
6s, gold...l91t
DeL Lack. A West.—
Convertible 7s
1892
*95**2
*
1st, 68
"|
i’oo'' i’0’2”
112*2
Consol, mort., gold, 5s
Atl. A Char.—1st, pr., 7s
Incomes
117
•••••*
■mmmmrn
102
105
110
104
107*4.
m
* mm
106
75
5s. 1937
1936
1897
85*2
*
40
*
60
83
1926
86
90
50
Arkansas Branch—1st, 7s.. 1895 107
Cairo Ark. & T.— 1st, 7s
1897 1C9
8 t. L. Alton A Ter. Haute—
21%
Bellev. A So. Ill.—1st, 8s. ..1896 ’117
Bellev. & Car.—1st, 6s
1923 110
8
8
Dakota Extern—6s
1910
Mourana Exten.—1st, g.,4s. 1937
Registered
Min’s Un.—1st, 6s
1922
Mont. Cen.-l8t, guar., 6s..1937
S
ml & Dulutli—1st, 5s
1931
89
.....
*
88
•••■-
1900
Coupons off.
:
83
80
95*2 a
1C9
*109
*100
85
1891
;
192)
.
,
8
1st, 6s, 1886
loo
110
81
120*s 122
82*4.
L08
Ill
40
50
8
T
189.r
192
190.f
J
T
j
V
1st mortg. 7s
SsN. O.—let, 7s
Sabine Division, 1st, 6s
'
1
I
Havana Div.-6s
Indianapolis Div.—6s
Detroit Div.—6s
Cairo Div.—5s
103
Northern Pac.-Gen. 3d, 6s..l93r.
Dividend scrip
Dividend extended
James River Val.—1st, 6s. .193<
Spokane A Pal.—1st, 6s
193'
St. Paul & N. P.—Gen., 6s.. 192.
191(
192)
192)
193)
‘oikj
105
Han. A Naples—1st, 7s
190
Ill. & So. Iowa— 1st,ex. 6s .191:
St.L.K.C.AN.-R.E.A RR.7s.’9
112
191
St.Cliarles Br’ge— 1st,6s. 190;
73”
No. Missouri—1st, 7s
189/
W ,b. St. L. & Pac.—Iowa
Div., 6s
w at. N Y. & Pa.—1st, 5s
1937
91% W
Registered.
"os"
iQ‘r
G01
AWab.—Equip. bds.,7sl88:
Quin. & Tol.—1st, 7s
189<
Clariuda Br.-6s
H.—ls'tVreg.
113*2 115*2
105**
Tol.
190;
N. Y. N. H.‘&
48.190:
N.Y. Tex. AMex.—1st, 4 s ...191:
191)
190f
19U
V
>\
54*4;
Susq.A West.—Deb. 6s...l89r.
4 loft
*
Gen
61*2 E
89
N.Y.
—
I tich. & Danv.—Deb. ex
cp. 6s. 1927
106*2
Minn. S.Ste.M.&Atl.—1st,5s.. 192(
Mo. K. & T.—Cone.,2d, inc
1911
H. & Cent. Mo.—1st, 7s
189<
Mobile A Ohio—Col. tr., 6s ...189:
i02"
St. L. & Cairo-4s, guar
193)
70
72
Morgan’s La. A T.—1st, 6s
192<
107*2
1st 7s
19U r121
Nash! Chat. A St. L.—2d, 6s.. 190)
108
N. J. June.—Guar. 1st, 48
198'
102
L04
Registered certificates
N. Y. P. & O.—Prior lien, 6s
N. Y. A Northern.—2d, 4s
N. Y. A New
Eng.—1st, 7s
107
103
114
f
1C6
97*4
115
115
100
96
N
1907 *132*2 140
ioi"
Syra. Bing. A N. Y.—1st, 7s. 1906 135
is. .192<
96*2 98
140
Morris & Essex—1st, 7s
103
68.191.*
1914 142
115*2 L 16*2 M
2d, 7s
-7s. 190/
86'
1891 108^8 108
Registered
L15
A
Bonds, 7s
1900
.26
|
Helena
&
*
7s of 1871....
T<
RcdM’n—1st,g.,6s. 193'.
1901
128**! Dul. <fc Manitoba—
1st, g. 6s.l93(
LOO
Tenn. Div., 1st, 6s
1st, con., guar., 7s
1917
1915 ic5*2 136*2
Do Dakota Div.—1st. 6s.193
DeL A Hud. Canal—1st, 7s...1891 107
Bir. Div.—1st eon. 6s
1917
82*2
%j 10**2
Hel. B.Val. & Butte, 1st, Os.193'
C< 1. A Hock. Coal A I.—6s,
1st, ext., 7s
1891 108%; 111
g..l9T.
Drummond & P’bg, —1st, 5s 193',
Coupon, 7s,
orgia Co., N. C.—5s
193
97
1894 114
!
Helena & No.—1st, g’d, 5s. 193
Income Honda.
Registered, 7b.'...'
1894 *
La M. & Mo. Riv.—1st, 5s 193'.
Pa. Div., coup., 7s
(Interest payable ij earned.)
1917 *) 35 1
N. O. & No. E.-Pr. 1.,
A1 [. A Pac.—Cen. Div
g., 6s ..191
Registered
1922
*lc5 j
New Or. A Gulf—1st, 6s
192(
99
L05
IE)
Albany A Basque.—1st, 7s.. 1888 102*4' 102*2 Norf. &
W.—New
Riv.—1st,6s.193.
1st, cons., guar., 7s
) 30
20
35
190t
135
Imp. A Ext., 6s
193-b '1*0*2%
Lt
Registered
100
101%
126*2
Adjustment
192
M.,
7s
107
M
1st, cons., guar., 6s
104
1906 122*2
Ogd. & Lake Ch.—1st, 6s
192(
M
Registered
27
Ohio & Miss.—Cons., s.f., 7s..l89tBens. & Sar.—1st,
ill
) 16*4
23
coup., 7s. 1921
144
Springfield
19u. *108
Div.—1st, 7s
Registered
15
21
*140
General 5s
193. * 88
Det. Mack. & Mar.—1st, 6s.. .1921
N
L. E. A West.—Inc., 6s..1977
50
(Ohio Cent.—1st Ter.
Det. Bay C. A Alp. - 1st, 6.... 1913 1*06
Tr., 6s...l92(
01
Cent.—Min. Div.-Iuc. 7s 1921
I 107
..••••j•
Min. Div.—1st, 6s
192)
Duluth & Iron Rai-ge— 1st, 5s. It-37
ns. A L. Cham.—Income.1920
Oj
92*a Ohio River RR.—
1st, 5s
Dul. So. Sli. A Atl. —58
193t
Sli
andoah Valley—Inc. 6a.. 1923
1937
| 98
87
Oregon & Cal.—1st, 6s
£. Term. Va. A
192)
95
Free List.
Ga.—1st, 7s... 1900 120
Panama—Sink,
id., sub., 6s...l91(
|
Divisional 5s
Bi
1930 110
105*2
Peoria
&
Pek
E.A W.of Ala.—1st.cons
U’n—1st, 6s
192) *109
Je
10L
6s.g.,1926
2d M., 4*28
1921
73 hN J. Southern, int. guar., 6s.l899. 100
*
Mortgage, 7s
^M
i ii*3*2
....
r
|)
J
.
*
......
*
No price
Friday; these
are lateat
quotations made this week.
1
.
■■
92
108
115
Buff.Roch.APitts
......
*
Southwest Ext.—1st, 7s
Pacific Ext.—1st, 6s
mm.
1898
1898
I
I
190:
Ex.—1st,7s.:
■
.Ttft
I
Tex.—1st,4s
7s
104
94
104
*102
*102
91
87
mmmmrnm
2d, 7s
2d, guar., 7s
130
122% 123*2 1 ine Creek Railway—6s of 1932
124
1 ’itts. & Westej n— 1st, g.,4s..l9
123*2 I ’itts. Cleve. & Tol.—1st, 6s...1922
*
Michigan Div.—1st, 6s
114*2 115**
123
123
.
2d mortg.,
•
m
123"
8
Michigan Cent.—6s
114*a,
113’s
"
J
Mexican Cent.-
114%
......
It3*2
126
114*4
114*2
105% 10t>*8
Pitts. C. ASt.L.—lst,cp.,7s. 1900 117
2d, 7s
1913
Pitts. Ft. W. & C.—1st, 7s... 1912 141
2d, 7s
1912 138*2 140
3d, 7s
1912
Clev. A P.—Cons., s. fd., 7s. 1900
127 Hr
4th, sink, fd., 6s
1892 10638
St. L. V. AT.H.~1st, g.,78.189
r112
7
Lou. N. O. &
Minn. ASt.L.—I’a
104*2 108
Northern Ill.—1st, 5
1910 104
108
d. Col. Cin. & Ind.—1st, 7s, s.f.’99 121
Consol, sink, fd., 7s
1914
Chic. St. Paul M. & O.—
Chic. S. P. &
Minn.—1st, 6s. 1918 123*2 125
No. Wisconsin—1st, 6s
1930 124
125%
St. Paul A S. C.—1st, 6s ....1919
122*2 126*2
Chic. A E. Ill.—1st, s. f., cur.. 1907 117
Gen. con., 1st, £s
1937
94**2
Chic. A W. Ind.—1st, s.f., 6s.. 1919 114
General mortgage, 6
1932 114
Chic. & St. Louis—1st, 6s
1915
Cin. I.St.L.A
Chic.—1st,g.,48 .1936 *!!!.’.” 94
120
D
Miiw. Lake S. A West.—
112
122
130
Peninsula—1st, conv., 7s...
120
118
129
Mil. A Mad.—1st, 6s
1905 *112
Ott. C. F. & St. P.-lst, 5s.. 1909
ii8*^
103*2
1 *113
0 *
90
Chicago & Northwestern—
Escanaba A L. S.—1st, 6s
Des M. & Minn.—1st, 7s
] ’ennsvlvania RR.—
Pa. Co.’s guar. 4*28,1stcp..1921
Pa. Co.’s 4*28, reg
1921
......
75
7
0
97
Dakota A Gt. South., 5s..
*
120
5
116*2
123
95
111
112%
114
So.—Gen., 7s
1909
Extern, 1st, 7s
1909
Missouri Pacific—
Verd’s V. Ind. & W., 1st, 58.1926
Ler. AC’yVal A. L.,1st,58.1926
St. Louis & San Francisco—
1st, 6s, Pierce C. & 0
1919 105
1895 105
Equipment, 7s
1st, trust, g«*ld, 5s
1987
Kan. City A 8.—1st, 6s, g.1916
Ft. 8. & V.B. Bg.—1st, 6s. 1910
St. L. K.&So.Wn.—1st, 68.1916
Tex. & Pac.—1st, 6s
1905 iof"
Consol., 68, trust receipts. 1905 102*2
t
119
125*2 128*2
Ut.
108
93*2
1897
1898
1908
1907
C. Br. U. P.—F. c.,7s
1895
Atch. Col. & Pac.—1st, 6s. 1905
Atch. J. Co. & W.—1st, 68.1905
n
Louisville & Nashville—
*
104
2
8
0
6
9
0
3
4
Long Island RR.—
N. Y. & M. Beach—1st, 7s..
N. Y. B. & M. B.-lst, g., 5s.
127
117
125
R. D
reg.,
1st, 6s
1st, 6s
Col. Trust, 68
Col. Trust, 5s
120
6
Det. M. A T.—1st, 7s.
Consol.,
1905
1905
96
Registered i
Chic. Rock Isl. A Pac.—
Dob Moines A Ft.
D.—1st,4s. 1905
1st, 2*458
1
1
8
Ask.
Gold bonds, 6s
1896 114
Gold bonds, 6s
1897 114
CaL A Oregon—Ser. B., 6 1892 *100
West. Paciflo—Bonds, 6s
1899 111*2
No. Railway (Cal.)—1st, 6s. 1907
Union Pac.—1st, 6s
,...1896 113%
97
H7
1st, consol., 7s
1st, 7s, ex. fund, coupor
Lake Shore & Mich. So.—
Cleve. P. & A.—7s
97*2
Buff. A Er.—New bonds
1901
121* 123
1
1
8
1
7
7
1st, gold, 3 *28
1903
Chic. Burling. A Q.—
0
4
Bid.
Pacillc RR.- Central Pacific—
Gold bonds, 6s
1895
105
Registered.
45
■
Collateral gold, 5s
1937
Ches. A O.—6s, gold, ser. A... 1908
Ches. O. & So. West.-2d 6s... 1911
Chicago & Alton—1st, 7s
1893
Sinking fund, 6s
3
6
3
cons...
SECURITIES.
i'1'7"
115*4
1
Registered
Minn. A St. L.—1st 7s, gu ..1927
Iowa C. & West. - 1st 7s
1909
Ced. Rap. LF.& N., 1st 68.1920
Ask.
CHRONICLE
THE
376
New York City Banks.—The following statement shows tbe
condition of the Associated Banks of New York City for the
1888:
week ending March 17,
Loans and
Legal
Specie.
Discounts.
11.-440.000
9.346.000
America
Phenlx
12,124,700
City
Merchants’ Exch.
8.654.200
2.828,600
19,488,600
3,-i44.400
Gallatin National.
Butchers’ & Drov.
Mechanics’ A Tra.
Greenwich
Leather Manuf’rs.
Seventh Nat
State of N. Y
Americ’n Exoh’ge.
Commerce
1,860.000
1,694.000
l,v72,0OO
899,000
1,917.400
6,859,000
8,469,000
other
than U.S.
$
$
Tradesmen’s
Chemical
282,100
6,405,300
1,057,800
1.998.700
1,990.000
1,13 V, 900
3.385,' 00
1.387.700
295.200
102.000
5*1.600
142.900
239.000
121.400
13i
528,000
43,700
45,000
2643-00
3 009,000
3,036,200
2
2.721.500
633.100
699.500
2.707.400
4.228.500
261.900
979.200
198.500
412,000
200.400
2,ol2.400
3,119,0(0
6.433,6i 0
177.700
654,000
893.300
591.800
1*9,900
278.000
291.U00
729.100
371,200
4.647.900
1,590.500
2,051.000
,000
16.696.000
7,311,000
3,617,000
5,094,400
21,089.400
4.928.100
1.408.700
2.521.600
2.136.100
408*6*0*6
4*43**1*00
3,212,000
5.834.200
45*6*0*6
Alliance
140
150
American... 140
160
5.377,-00
19.068.700
440,100
Bowery..... 125
Broadway... 150
110
Brooklyn
140
165
556,“00
678 700
479.700
1,798.- 00
782.000
80.900
1,048.500
772.600
1.448.600
379.300
123.600
194,800
225,0cO
180,000
8.4*6.000
179.500
265.100
243.100
210,. 00
113.000
763.000
274.600
609.400
670.000
707.200
44.400
1.219.200
2.677,100
2.714.500
2.424.600
•22.900
148.400
186.700
405.500
6,200,i 00
67,500
L.T’nders.
$
3.150.600 109.649.900
2.976.600 108,605,K00
3.037,100 107,444.500
8
Mar.
“
"
10
17....
Lawful
Mou’y
$
$
80,659,500
8S.O79.0O0
22.538.600
22.963.600
'•8.602.000
23,564,100
3.127,*00;
2.051,400'
7,241,800'
Circula’n.
Circula’n
$
83,394,900
84.582.200
86,3 70,200
$
45,000
Agg.Cl’ngs
156
Boston A Maine
Boston A Providence.... §246
California Southern
§ 34
20
Central of Massachusetts
Preferred
40
62
Chic. Burl. A North’n
7
Cleveland A Canton.......
Preferred
Eastern
Preferred
Fitchburg, pref
90
Flint A Pei-b Marquette. i 26
96
Preferred
Kan. City Ft. 8. A Gulf..
Preferred
K. C. Memph. A Birm. ..
Kan. C. Mpnngi. <fe Mem. i
13 4
Mexican Central
N.Y. A N. Eng., pref
106
Northern
Old Colony. \
Wisconsin Central
Preferred
BONDS.
AtOh. A Topes.*—1st, 7S.
Coll.
Trust, 5s
Plain, 6s.
Mortgage, 6s
Trust, 6s
Bast’rn, Mass.—6s,
Ex-dividend,
214
203a
41
75,376,807
64,404.36^
2.319,740
2,317,990
53.990,886
2.453.050
45,622,65?
53,5*6,723
Fort *»cott & <4.—7s
t Per share.
'
116
I
Ask.
,113
10334
57
100
58
98
654
654
17
N Y. A N. Eng.—1st, 7s..
1st mort., 6s
2u mm t., 6s
Southern Kansas—5s
Texas Division—5s
Incomes
Wiscon. Cent. -1st M., 6s
Income 5s
123 4
114
100
968e
91
92
844
*9*i*
39
BANKS.
Bid.
"few York..
N.Y. Countv
N.Y. Nat.Ex
Ninth
N. America.
North Riv*r.
Oriental....
Paoiflo..
Park
215
People’s.
185
135
142
....
...
Republic
170
St. Nicholas.
Seventh
—.
210
115
135
125
135
185
162
Ask
225
i*2*5*
no
17*6*
1694 171
11*5**
i*33*
1*22*
310
ShoeALeath 140
116
StateofN.Y.
Tradesmen’s 1*0*5** 106
225
150
Tnited St’es
Seoond
140
119
20
10
150
Bid,
Ask.
Liberty
Long Island
Lafayette...
125
125
Niagara
80
80
80
95
100
85
125
80
65
SO
86
70
Manure.& B 110
Mechanics’ *
Mercantile..
Merchants’.
Montank
Nassau
no
200
Kings Co.... 170
Kniekerb’k r 65
70
55
70
75
COMPAN’S,
120
215
60
110
60
....
Preferred
Bid.
130
National...^ 80
N. Y. EquitT 140
70
N. Y. Fire
..
115
North River 90
146
Pacific
Park
Pet’r
Ask
140
100
150
80
125
100
180
60
60
Cooper 156
165
90
103
130
103
75
115
160
80
100
Rutger’s.... 120
Standard.... 98
People’s
Phenlx
Sterling
....
70
100
United St’es 140
Westchester 185
Willi ftroab'v. 260
Stuyvesant
Allegh. Val.—7 3-1 o*. '90
7s, E. ext., 1910
• no. 7s. end.,
coup., ’94.
week.
29 78
294
58
94
5 2 34
90
54 4
644
West Jersey
SAILKOAD BONDS.
Metropolitan—Bonds...
N
Y.)
Bonds, 6s
(Bklyn.)
Scrip
*ssau
Bid.
102
50
100
72
160
114
90
100
100
95
26
Bl’okerst.A Fult.F.—Stk.
112
1st mort., 7s, 1900
ir’dway A 7th Av.—St’k..
102
1st mort., 5s, 1904
103
2d mort., 5s, 1914
1 75
B’way Snrface bds...l9l4
5s, 1905 ...
■irooklyn City—stock
1st mort., 5s, 1902
iklyn. Crosstown—stock.
1st mort., 7s. 1888
‘tushw’k Av. (Bklnj—St'k
Cintral Crosstown—Stk..
1st mort.. 6s, 1922
Jant. Pk. N.dfc K. Riv.-Stk
Consol., 7s, 1902
Ohrist’pb rAlOth St—Stk.
Bonds, 7s, 1898
Ory Dk. E.B.A Bat’y—Stk
1st mort., 7s, 1893
Bonds guar.,
70
115
106
155
100
145
150
116
82
116
120
111
148
109
140
280
j
60
i
244
1154
no
22
People’s (Bklyn.)
Williamsburg
Bonds, 6s
Metropolitan (Bklyn.)
Municipal— Bonds, 7s
Falton Municipal
Bonds, 6s.
105
56
103
73
92
102
Bonds, 6s
28
114
,
Bid.
30
Am. Bank Note Co
Atlan, A Char.—Stock... 82
Atl. A Char. Air L., 1st, 7s 119
At.&Pac.-lstM.C.D.o d6s
Bost. H.T.& West.—Stk.
Brooklyn Elev’d—stock..
Cape Fear A Yad.Val., 1st
Chic. & Atl.—Ben., ir rec.
Chio. Gas Trust
Chic. Santa Fe & Cal. 5s..
33
95
6
31
Cinn. A Springfield
Den. A Rio Or. W.—St’k.
10*
Dul. S. Shore A At.—
Stk.
Light....
18
108
1st 6s
47
2ds
Henderson Bridge—St’k.
Kanawha A Ohio
1st pref
2d pref
1st 6s
Kan. City A Omaha
1st mort
K»- iy Motor
Georgia Pac.—Stock
Lehigh A Wilkes.
Coal...
Mahoning Coal RR
40
67
123
111
80
110
133
109
112
1L8
Broker, 145 Broadway.]
D. D. E. B, A B.—tcrip,
6s 104
150
105
42d A Gr’nd St. F’rv—Stk 200
112
1st mort., 7s, 1893
42dSt. Mauh. A St. N.Ave 34
107
1st mort., 6s, 1910
55
2d mort., income, 6s
‘oust. W.St.&P. F’y—Stk. 155
no
1st mort., 7s, 1894
103
Ninth Ave
Second Av.—Stock........ no
lu3
1st mort., 5s, 1910
104
1054
•
155
160
120
85
118
125
113
152
111
Consol., 7s, 1888
Sixth Av.—Stock
1-it mort., 7s, 1890
Third Av.—Stock
Bonds, 7s, 1890
Tw wity-third si .—stock..
1st nort., 7s, 1893
Ask.
150
1( 6
219
103
230
112-
107
160
1074
210
117
38
108
60
-rnrnmmm
112
105
112
105
100
160
no
230
100
235
114
both Exchanges:
SECURITIES.
Mex. Nat.Construct’n Co.
Mexican National tr. rec.
1st m on gage, tr. rec
New 1st 6s
Newp. N. A Miss. Val....
24
150
Ask
65
118
106
75
105
| Eighth Av,—stock
! | Scrip, 6s, 1914
175
35
85
122
Bid.
131
105
108
110
Equitable
fob
80
80
117
no
165
Bonds.
GAS COMPANIES.
AskJ
Unlisted Securities.—Quotations from
Pref
62
87
Pennsylvania
Phila. <fe Reading
Bonds, 6s
Consolidated Gas
Jersey City A Hoboken.
Railroad (Stocks and
Fla.R’y A Nav. Co..
94
834!
? 524:
Lehigh Valley
City
<
Edison Electric
§
Little Schuylkill
Northern Central
and
Pref
50
PHILADELPHIA.
80
134 RAILROAD STOCKS. 1
Buff. N.Y. A Phil.,ass.pd.
§ Last price this
89
20
1624 Paenix
..
SECURITIES.
1923, 6s..................
-
new..
Bid.
914
K. City sp’d A Mem.—68
K.C. Clmt. A Sprlngf.—5s
Liittle R. <fc Ft. S.—7s
Louis v. Ev. & St. L.—1 st, 6s
2d mort., 2-6s.. .
Mar. H. a Ont.—1908, 6s,
income
904
345
[City RR. Quotations by H. L. Gbant,
Agg.Cl’ngs
Mexican Central—4s
31
124
129
......
...
aruoxlyn Gas-Light....
Citizens’ Gas-Light
$
81,086 70±
K.C. Memph. & Birm—5s
Pl«
COMP AN’S.
G\8 COMPANIES.
Matual (N.
SECURITIES.
K. C
Metropollt’n
110
110
100
90
305
160
Fire Asso’n.
Has
of each month.
RONTONRAILROAD STOCK'S.t
Atcniaon & To| UKh ......
Boston A Lowell
Farragut
7.622,700
$
6.519,000
6.614,100
6,582.200
Deposits.*
Ask
Exchange...
225
85
90
103
38,400
180,000
Quotations in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the third Saturday
Bid.
Commonw’h.
Continental. 170
Firemen’s... 75
Germ an-Am. 290
Germania... 140
♦Including the item "due to other banks.”
SECURITIES.
80
80
45,000
123,700
Philadelphia Banks.—The totals have oeen as follows:
Loans.
Clinton...*..
Empire City
43,000
...
115
Globe
Greenwich.. 190
50
Guardian
100
Hamilton
Hanover.... 116
120
Home
55
Howard
Jefferson.... 100
120
120
115
93
100
190
240
100
...
Citizens’.... 110
106
City
....
2,981.000
2,663,(»00
3.157.200
2.763.500
1.698.400
4.4H3.200
1014
994 100
73
2.060.800
1,124,200
Deposits.*
....
Eagle
45,000
Ask.
160
210
250
113
200
118
185
335
148
199
160
170
166
155
145
Mechanics’.
M’chs’ATrs’
Mercantile..
M eronants ’.
M’rch’ts’Ex. 117
Nassau
Ask.
Bid.
3.620.H00
4.400,000
Market.
.....
45,000
t.
Leather Mfs’
Manhattan..
136
86
127
110
Insurance Stock List.
[Quotations by E. S. Bailey, 54 Pine St.]
81,000
180,000
Boston Banks.—Following are the totals of the Boston banks:
1888.
800
1800
130
40,000
45,000
429,-00
1/61.400
451.700
134.900
260000
165.800
12/,7 00
580 200
132.900
42i»,90u
314,(tOO
Irving
200
4.137.000
194, bOO
8.619,300
Fourth
Bid.
Falton
Gallatin
Girfleld
Germ’n Am..
Germania.
Greenwich..
-lanover....
1m. A Trad’s’
1264
122
197
130
150
83
120
110
i Last price this week.
BANKS.
109**
..
3,(53.000
l,0o4,400
$
9,280.800
8,837.900
3800
150
1,078.600
2.267,800
1.731.400
8,753,000
$
Mar. 3 145,179,000
“
10 144.31U.70o
“
17 143,027.800
....
17,343,000
386.000
2ds, 6s
3ds, 3-4s
1st Inc., 5s, 1931
..
132
1,786,600
2.67*.200
2,546.490
4.259.900
2.499.900
2.412.600
Specie.
Commerce
Continental.
Corn Exch...
(Cast River..
11th Ward.
Fifth Ave...
First
140,1,
166.100
3.683.400
1,82-1,500
Loans.
iroauway... 250
6utchs’«fe Dr 162
Central.*.... 125
225
Chase
Chatham.... 225
Chemical.... 3500
Citizens’.... 140
320
City
9*86*6*0*0
369,695,400;72,798,700 31,627,800 377,657,000
1888
Asbnry Park i o*6 *
105/00
1.005.1 00
603.0f0
936.800
3.244.600
2.582.900
7.96 ,800
3.569.200
45,000
40,700
46,000
1694
America
Am. Exch...
142.400
3,00 b90o
103
Ask.
Bid.
256.800
3.754.600
l,9o3000
1.887.700
1,4 15.700
45,000
3.084,200
4.04-,e00
1,7 O0.500
81.300
109
t Per share,
4.974.200
2.000,000
21.781.400
22,045.300
2,099,500
1,533,4 00
4,319.000
19,724 500
19,141,100
1.369.500
3.043,600
14,482.000
3 4»>0.000
13 056,600
RAILROAD STOCKS.f
Baltimore A Ohio
1st pref
2d pref
RAILROAD BONDS.
Baltimore A Ohio—4s....
Oin. Wash.* Balt.—lets.
Bank Stock List.
*42*200
Irving
Total
1.121.900
2.831.200
643.000
BALTIMORE.
130
111
Phil.&R.—2d,78, c.*r.’93
Cons., 7s, coup., 1911.. 1294 130
Cons., 6s, g., I.R.C.1911 119
106
Imp.,’6s, g., coup., 1897
Gen., 6s, g.t coup., 1908 1114 112
1134 115
Gen., 7s, coup., 1908
7941 80
Income, 7s, coup., 1896
Ex-dividend,
20
100
1204 1214
Cons., 6s, coup... 1905..
Cons., 5s, coup...1919.
44s, Trust Loan
Perklomen— 1 si, 6s,cp.’87
*
714
73
132
Penn.--Qen.,6s.coup.l910
‘*2*600
4,*07,900
2.5*4.000
726.700
3.592.300
*1*3*8**
604.600
892,900
354.800
Deferred incomes, cp
Phil. W.&Balt.—Tr.o.,4s
253,300
2.774.600
8.852.400
Citizens’
Nassau
Market A Fulton.
St. Nicholas
Shoe A Leather...
Corn Exchange...
Continental
Oriental
Fifth Avenue
German Exch’nge.
Germania..
United States... 11 r
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Bide
Seaboard
Sixth National....
Western National.
1.904.600
2.160,000
6.166.200
7.987.900
776,000
Cons.
New York Local Securities.
289.600
666.500
405.500
97.400
269.700
1.709 400
120
1244
129 4
121
Catawissa-M. 7s, 1900.
*80,10*6
3.820.400
4,825,2(10
737,600
4,603,000
2,042,700
2.734.V00
11,7115 400
German-Amerio’n.
Chase N ational....
*26,700
2.658 400
20.607,900
,500
Read’g CCont’d)—
5s, 2d ser.,c„ 1933 § 71
Debenture coup., 1893. §
Ask
Phila. &
6s, ’89
Cam. A Ami).—M.,
Bid.
SECURITIES.
Ask.
»
13.140,100
8 913 500
County
254,000
2,*51,000
12,49 \4<>0
321.80*'
678. i 00
3,993.800
Republic
N. Y.
45,000
1,912.000
1,059.900
Chatham
Bowery
45,000
9.622.000
1.806.900
2,51-9.200
Park
North River
East River
Fourth National..
Central National..
Seoond National..
Ninth National....
First National
Third National....
N. Y. Nat. Exch...
$
274.100
79,500
216.700
1,065,80(1
1.209.300
28'‘,700
Importers’ & Trad.
Circula¬
tion.
60 ,800
285.900
347.400
6.648.400
8,231 000
Hanover
7, ’OO/'OO
10,511.800
688.600
Pacific
..
1,046.000
5.718.600
Mercantile
North America.
7,126,700
5.734.600
46'>,400
3,78k.200
Peoples’
11,260,000
811.500
654.000
298.000
908.000
221.600
6 0.100
16,741.000
16,970.400
Broadway
1,100,000
7*9,000
610.000
3.471.000
Deposits
lenders.
9
New York
Manhattan Co
Merchants'
Mechanics’
Net
Bid.
SECURITIES.
Del.<fcBd.B.—1st, 7s.lb05
Leh.V.—lst,0s,C.&R.,’98
2d, 7b, reg.t1910
Cons. 6s, C.& R., 1923..
Average Amount of—
Banks.
[VOL. XLVT.
Bid. Ask
20
25
r*
8
404 414
9641 974
44
6
N. J. Southern
4
V
83
N. Y. M. Un. Tel.—Stock.
2
6
N.Y. W.S. A Buff
334 North. Pac.—Div. bonds.. 102
5
North Riv. Cons
Ocean Steam.Co.,lst guar. 1024 1044
8
5
*13* Pensacola A Atlantic....
1st mort
764
74
Pitrsb. A Western, 1st M
26
93
Rich. York Riv. A Ches..
11
9
1
St. losejh A Grand Isl...
37
2 4 1st. Louis A Ch.cago, pref.
90
i 1st M., 6s
21
109
1st. Paul E.& Gr.Tr., Ist6s
22
24
Tol. A. A. A N. Mich
51
23
20
To.edo Peoria A West...
100
72
1st. 4s
U. S. Electric .Light
4
Vicksb. A Meridian
4
Pref
°8
4
95
1st mort
45
2d mort
74
Incomes
64
91
934
Western Nat. Bank.'.
82
West N. Car.—Con. M
41
38
March 24,
THE
18a8.]
K.CFt.S
CHRONICLE
jiuestmcni
complete exhibit oj
the Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,
March, May, July, September and November, and is fur
wished without extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of the
an
a
Keokuk A West.
Kiuirst’n A Pern.
Knoxv. A Ohio
Lake E. A West
.
Lehigh A Hud..
L. Rock A Mem
Long Island
l to others at $1 per copy.
Lykens Valley.
Earnings Reported.
Roads.
Week
or
Mo I
1887-8.
$
Allegheny Val.
Atch. T. & S. Fe.
Atlanta A Char
Atlanta & W. Pt..
Atlantic A Pac..
155,155
January...
November. 1,657,078
123,592
January
41,544
January...
2d wit Mir,
Balt. A Potomac January...
Beech Creek
December |
Buff.Rocli.A Pitt 2d wk Mar.!
51,740
122,498
97,352
....
34,753
56,231
Bur.C.Rap.& No. 4th wk Feb;
Cairo V. A Chic 2d wk Mar.
Cal. Southern... 2d wkMar.!
ICamden A Atl’c
January...J
Canadian Pacific 2d wk Mar.!
Cp.F’r&Yad.Val February..
Carolina Cent..
Cen.RR.&Bg.Co.
January.
.
Railroad lines. 2d wk Mar
Whole system. February.. I
14,194
37,796
32,934
199.000
,
27,984
44,589
120,5«4
620,905
Central Iowa— February..! 105,640
Central of N. J.. December.' 974,880
Central Pacific
November. 1,307,442
Central of S. C. January...
10,104
Charlest’n A Sav January...
47,860
Cheshire
40,606
January...
Cheraw & Dari January.
9,074
Chesap. &Ohio. November.
Eliz.Lex.AB.S. February.
Clies. O. A S. W.. February..
Ches. & Lenoir.. January.
.
Chic. & Alton
Chic. A Atlantic
Chic.Burl. A No.
Chic. Burl. & Q
Chic. A East. III.
Chic. & Ind. Coal
Chic. Mil. ASt.P.
Chic. & N’tliw’n.
..
Chic. & Oh. Riv
Chic. St.L.APitts
Chic. St.P. &K.C.
Chic. St.P.M. AO.
Chic. A W. Mich.
Cin.lnd.St.L.AC.
December.
d \% k Mar.
January...
January...
2d wk Mar.
2d wk Mar.
2d wk Mar.
February..
February.
January..
February.
January...
2d wkMar.
January
Cin. Jack. & Mac. 2d wk Mar.
Cin. N. O. A T. P. j2d wk Mar.
Ala. Gt. South 2d wk
N. Orl. & N. E 12d wk
Vicksb. & Mer.*2«i wk
Vicks. Sh. & P. j 2d wk
8,108
746,599
32,926
51,701
107,127
41,544
498.249j
37,882
497,507
107,127
609,096
327,741
416,146
135,614
309,513
29,813
122,498
58,789
786,823
36,284
368,634!
51,505
429,260
12,126
139,091 j
36,444;
388,126;
29,843
32,934
128,000 2,027,205! 1,404,139
24,184
55,904!
44,897
42,298
42,298
44,5891
j
10S.482
554,543
97,289
1,232,931 1,041,243
1,289,903! 1,077,234
203,912
206,735
995,925 11,528,588! 10,742;892
964,132 12,498,085 10,904,835
7,586
10,101
7,586
47.012
44,928
7,766
358,551
68,4 0
124,803
5,873
737,121
50,786
155,656
108,835
1,671,294 1,985,385
'10,043
36,129
11,430
6,653
440,337
40'>,500
1,670,493 1,634,180
3,335
4,085
452,716
446,3*5
129,835
69,600
324,888
371,459
25,143
29,261
204,932, 216,168
9.625
11,578
62,5871
57,792
47,860
40,606
9,074 j
161,415
307,912
8,108
358,458;
108,835
Col. A Cin. Mid ;2d wk Mar.
Col. Hock. V. ATJ 2d wk Mar
Denv. A Rio Gr ;3d wk Mar j
Denv. A R. G. W. ,2d wk Mar-i
Den. Tex.AGulf ; February.. I
Det.Bay C. A Alp. February..!
Det.Lans’gA No. 2d wk Mar. I
Mar.
Mar.
Mar.
Mar.
Mar.
Fla. R.ANav.CoJlst wk Mar
Ft.W. A Den.City 2d wk Mar.
Georgia Pacific 2d wk Mar
Gr. Rap. A Ind... 2d wk Mar.
Other lines
2d wk Mar.
Grand Trunk... Wk.Mar.10
.
Gn.Bay W.ASt.P December.
Hoii8.ATex.Cen. 1st wk Mar
Humest’n AShen January...!
Hl.Cen. (Ill.ASo) February..
Cedar F. A Min. February.
Dub.ASioux C. February.
Ia. Falls AS. C. February.
11,418
48,912
376,397
OS,327!
71,943
3,835,500 3,865,936
3,247,782j 3,357,353
1
6,609
452,716
446,385
251,6971
151,645
204,932
84,092
371,459
231,254
216,168
74,-77
682,662
633,694
306,728
145,029
115,174
123,210
1,323,835
70,329
10,297
324,888!
229,1211
116,000
21,600
21,686
34,500
16,749
15,547
99.992
4.086
16,617
45,576
105,176
113,583
111,524
1,394,660
7,998
78,879
10,297
9,747
77,233
39,730
10,098
29,197
275,692
510,366
6,792
5,399
168.255
422,039
61,255
128,400
21,075
15,072
26,083
21,418
11,041
94,003
4,697
15,703
99,559
373,965
599,241
1,085,518
57,134
56,751
496,221
1,411,937
213,484
44,557
62,305
lf‘0.984
42,469*
163,262
468,995*
210,570
41,780
4,223
24,030
14,344
23,532
43,075
2,693
313,488
354,209
27,691
25.885
37,302
13,174
843,822
7,3111
73,240!
53,590
10,716
162,843
427,604
83,421
356,916
574,041
1,064,451
60,093
64,795
558,198
1,492.335
182,426
28,962
50,479
179,833
118,359
173,170'
1,122,1111 1,001,782
51,784
24,359
12,300
401,468
155,656
399,218
175,843
28,8<>4
285,805
510,524
5,099
5,117
5.873
1,985,385
319,155
Clev.Col.C. A Ind;February.
Whole system • February.
Clev. A Marietta!2d wk Mar.
145,071
270,403
1,671,294
10,439
8,701
7,592
8,803
9,747
83,015
35.277
7,766
8,941,386; 8,060,640
29.059
8,228*
122,293
44,928
4,080,399! 3,755,867
16,090!
8,056
Mar.
47.012
160,954
266,404
385,6 >9
35,649!
44,726
139,108
446,343
204,720
106,004
218,513
374,358
19,528
2,760,941* 3,049,176
446,852
41,560
396,106;
13,174*
12,763!
833,506! 1,801.625; 1,793,454
6,974!
14,831
12,240;
53,397
42,715'
280,552
38,833
142,71
65,396
6,400
6,287
2,030
26,179
43,094
358,318
34,759
16,829
25,518
152,687
349,276
46,597
589,639
292,135
35,875
41,635
21,012
290,570
43,016
37,713
189.440
3,146,502
94,773
39,935
6,773
4*613
194.115
64,342
17,691
14.688
4thwkFeb
33,221
39,001
17,354
366.105
543,901
70,472
401,165
111,488
19,214
416,487
314,073
41,592
131,423
61,315
17,873
41,201
373,180
41,446
171.878
312,541
553.858
169.210
2,992,167
366,534
462.401
86,859
30,455
32,859
366,152
130,000
24*6,669
*Mex.N. (allIns) February..
*MexicanRailwy Wk.Mar 1'
Mil.L.Sh.AWest 2d wkMar.
Milwaukee A No. 2d wk Mar.
1,234,042
158,041
88,268
93,486
134,978
75,571
50,019
19,684
990,619
281.921
715,706
37,622
18.395
336,174
803.825
347,426
394,996
172,987
165,782
1,890,183
391,539
257,320
119,527
912.826
59,704
1,888,060
357,787
222,499
Northern Cent’l. January...
Northern Pacific 2d wk Mar.
Ohio A Miss
2d wk M >r.
Ohio River
2d wkMar.
Ohio Southern
February..
59,704
56,252
452,441
257,893
72,682
6,066
514,948
452.441
84,596
714.582
56,252
514,948
2,102,921
1,502,241
47,702
212,867
97,586
4,771
45,928
Oregon Imp.Co January...
342,879
263,351
751,154
65,070
106,888
342,879
272,598
802,780
42,173
99,404
263,351
274,259
223,744
930,240
332,827
1,263,068
322,075
36,216
1,570,821
1,037,750
2,608,571
356,376
31,327
26,268
97,350
1,023,989
901,000
30,850
21.600
14,900
326,446;
278 801
N’theastrn (S.C.) January...
$
114,577
391,690
41,201
41,720
20,534
1st wkMar
February..
40,846
64,232
cN. Y. L. E. A W J anuary... 1,810,183 1,888,060
1
N.Y. A New Eng. January...
357,787
391,539
N.Y. Out. AW... 2d wk Mar.
18,392
23,269
N.Y. Sus. AW.. January.
84,596
119,527
Norfolk A West 2dwk Mar.
101,921
80,543
123,592!
27,332!
Mar.
be ob¬
148,091
1,719,355 16,965,412 14,459,378
114,577
37,882
35,327
February..
107,196
202,600
.
1886-7.
$
155,155
Mar.
Cin. Sid. A Mob.. January...
Cin. A Spring’d February,.
Cin. Wash. ABalt.j -dwk Mar.
Clev. Akron ACol 1st wk Mar
•Clev. A Canton j December
73,615
147,153
$
148,091
Mar.
Erlanger Syst 2d wk Mar.
Cin.Rich. AFt. W.; 2d wk Mar.
Duluth 8.S. AAtl. 2d wk
E.Tenn. Va. AGa. 2d wk
Evans. A Ind’plis!2d wk
Evansv. A T. H.|2d wk
Flint A P. Marq. |2il wk
393,171
1887-8.
2d wk Mar.
2d wk Mar
2d wkMar.
187,365
52,203
379.263
Minneap.A St.L. February.
186,998
100.398 103,366
221.211
Min.St.Ste.M AA January.
30,457
10,147
30,457
10,147
Mobile A Ohio
February..
207,847
200,498
409,965
436,513
Nash. Ch. A St.L. February.
519,641
248,835
249,461
491,555
NatchezJae.AC February..
29,151
13,896
13,790
29,431
New Brunswick. January...
46,309
46,613
46,309
46,613
N.Y. Cen. AH.R. February.. 2,586,483 2,454,831 5,303,187 5,169,541
Jan. 1 to Latest Date
1886-7.
January...
4,978
70,008
5,835
2,105
43.094
$
58,962
27,985
43,367
53,912
8,127
51,261
38,673
36,583
1886-7.
2d wkMar.
*Mexican Cent
Gross Earnings to Latest Dates.—The latest railroad earn¬
ings and the totals from Jan. 1 to latest date are given below
Latest
38,078
57,947
19,871
48,721
Memphis AChas. 2d wkMar.
RAILROAD EARNINGS,
can
23,732
Mar. Col. A No.. December
December 15.
the railroad companies whose reports
February..
2d wk Mar.
4th wk Feb
1887-8.
$
52,042
February..
February..
Jan. 1 to Latest DaUp
1886-7.
4tli wk Jan
Lou. A Mo. Riv. December
Louis.Ev. ASt.L. 2d wkMar.
Louisv. ANashv. 2d wkMar.
Lou.N.A. A Chic. 2d wk Mir.
Louisv. N.O. AT.I2d wkMar.
Quotations of Stocks and Bonds heretofore published
on the tlrst Saturday of each month, occupying six pages of the Chron*
ICLE, will hereafter be published on the third Saturday of each month
These General Quotations will next appear, therefore, on Saturday,
Apri1
21, and after that on the following days in 1888, viz.: May 19, June 16
July 21, August 18, September 15, October 20, November 17 and
1887-8.
$
4th wk Feb
4tli wk Feb
Kentucky Cent. February..
The General
for all
tained.
Earnings Reported.
Week or Ylo
End. Bloom. AW.
Ind. Dec. A Spr.
End. A St. Louis
Jack. T. A K. W.
Kanawha A Ohio
AGulf.
Kan. C. Sp. AM
Kan. C.Cl. ASp
JJailroad Intelligence.
Chronicle at 50 cents each,
Latest
Roads.
AND
The Investors’ Supplement contains
377
...
.
Oreg. R. AN.Co January...
272,598; 274,259
Pennsylvania... January... 4,193,979 3,851,771 4,193,979 3,851,771
Penn. Company.
No. West. sys. December 1,585,696 1,350,956 18,532,322 15.469,215
So. West. sj's.. December 1,287,937 1,166,064 14,362,552 12,002,449
Peoria Dec. A Ev.
Phila. A Erie
Phila. A Read’g.
Coal A Iron Co.
Tot. both Co’s..
Pitts. A West’m
..
4th wk Feb
January..
January...
January...
14,000
15.600
223,744
260,052
930,24 0 1,570,821
332,827 1,037,750
J anuary... 1,263,068 2,608,571
2d wk Mar.
23.933
37,510
36,216
27,295
P’rtRoyal A Aug. January...
Pt. R’al A W.Car. January...
31,327
26,268
RAW.P.Ter. CoRich. A Danv
Va. Mid. Div..
C. C. A A. Div.
Col. A Gr. Div.
West. N. C. Div
W. O. A W.Div.
Ash. ASp. Div.
Total all....
RomeW. AOg..
2d wk
2dwk
2d wk
2d wk
2d wk
2d wk
Mar
Mar
Mar;
Mar;
Mar
Mar*
2d wk Mari
2dwk Mar;
January.
ffSt.L. Alt AT.H. 2d wk Mar.
Branches
.
2d wk Mar.
* 2d w k Mar.
101,675
34,000:
22,900
15,700;
14,850)
2,225
i,700;
193,050,
212,446*
38,078
19,940
81. L. Ark. A Te x
j
St. L. A San Fran. 12d wk MarJ
St. Paul A Duluth 2d wk Mar.1
St.P.Min. A Man. February..
j
S.Ant.A Ar.Pass. February..
Scioto Valley
January... |
Seab’rd A Roan. J an i ary... I
Shenandoah Val i February.. j
South Carolina
February.. i
So. Pacific Co.— I
Gal.Har. AS. A. * January... j
Louis’a West.,
276,065
64,023
Morgan’s LAT. January...
472,266!
j
.
j January... j
44,781!
92,243
18,031
555,015
61,419
54,073
46,575!
58,000
135,552
13,650
2,125
1,100
181.575
184.576
43,367
16,430
41,293
121,993
19,947
434,809
24,169
56,224
40,452
57,620
114,599
221,392
58,539
368,274
12,459
N. Y. T. A Mex. January.
7,827!
Tex. AN. Orl. J January...
81,534
95,586
Atlan’c system January...
915,767! 742.198
Pacific system January...; 2,330,998 1,661,617
Total of all.. J anuary.
i 3,246,705 2,403,815
So. Pac. RR.—
No. Div. (Cal.)|December.
137,082
148,188
So. Div. (Cal.) November.
465,903! 342,848
Arizona Div
December.! 234,704 129,545
New Mex. Div
99,937
59,213
December.)
..
Spar. Un. A Col. January... j
Staten Is. Rap. Tr February.. i
Summit Branch February. *
Texas A Pacific.
Tol.A.A.AN.M’h
Tol. A Ohio Cent.
Tol. P. A West..
2d wk Mar.!
2d wkMar.
2d wk Mar.
2dwk Mar!
8,852
41,392
121,719
101,095
11,050
14,263
5,861
39,601
88,079
124,137
9,682
13,032
21,949
17,037
Union Pacific
January... 1,727,832 1,737,353
42,512
41,972
Valley of Ohio.. February.
...
Wab. Western... 2d wk Mar.
95,514
144,662
Wab., E. of Miss January...
Western of Ala.. January.
West N. Y. A Pa. 2d wk Mar.
IWest Jersey— January... |
Wheeling A L. E. 2d wk Mar. *
Wil. Col. A Aug January... i
456,114
49,440
51,700
85,705
16,523
74,769
483,549
58,562
67,871!
a Wisconsin
Cen. 2d wk Mar
J And branches.
\474
^
ooo
76,828
13,617
69,307
223.416,
159,893
138,065
19,825
20,319
260,652
27,295
191,706
141,556
127,486
16 587
8,151
1,872,110
1,649,652
212,446
379,263
184,576
401,165
172,041
188,167
531.266
413,246
965,569
179,515
1,016,903
1,037,436
121,824
54,07 <
220,664
894,060
47,508
56,224
46,575
109,100
40,452
114,908
263,129
212,731
276.065
64,023
221,392
58,539
368,274
12,459
472.266
7,827
95,586
915,767
2,330,998
3,246,765
1,727,245
3,885,483
1,756,519
735,736
8,852
84,173
278,692
1,206,276
115,236
241,162
174,883
1,727.832
951,532
456,114
49,440
529,823
85,705
172,608
74,769
582,631
81,534
742,198
1,661,617
2,403,815
1,649,826
2,985.881
1,525,221
667,196
5,861
80,229
174,390
1,228,269
92,577
192,141
175,918
1,737,353
1,087,430
483,549
45,474
471,757
76,828
132,003
69,307
558,640
* Mexican currency.
c
After
a
All lines included.
deducting earnings paid over to leased roads operated
centage basis.
Including Indianapolis A St. Lquis.
on a per
442,921
12,763
129,726;
110,746*
114,035
92,581
Latest
Gross
Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
as
follows:
CHRONICLE.
THE
376
New York City Banks.—The following statement shows tbe
condition of the Associated Banks of New York City for the
week ending March 17. 1888:
Average Amount of—
Banka.
Loans and
Discounts.
9
New York
6,859.000
Mechanics’
8.469,000
America
Phenlx
12,124.700
3,471.000
8.654.200
2.828,600
City
Tradesmen’s
Chemical..........
Merc haute’ Exch.
Gallatin National.
Butchers’ A Drov.
Mechanics’ A Tra.
Greenwich
Leather Mannf*rs.
Seventh Nat
State of N. Y
▲meric’n Exoh’ge.
Commerce
Pacific
3.78 s,200
Republic
Chatham
..
Irving
Citizens’
Nassau
Market & Fulton.
St. Nicholas
Shoe A Leather...
Corn Exchange...
Continental
Oriental
Importers’ A Trad.
Park.
North River
Bast River
Fourth National..
Central National..
Second National..
Ninth National....
First National
Third National....
N. Y. Nat. Exch...
198.500
3,030.200
2.707.400
4.228.600
261.900
979.200
2,«'12.400
3.119.0(0
6.433,6i0
177.700
664,000
893.300
591.800
1x9,900
4.647.900
3,00 \90o
1.590.500
2,051.000
142.400
106.100
105,*00
I6.69e.000
7,311,000
3.617,000
6,094,400
21,089.400
936.800
3.244.000
l,0o4,400
lP4,ts00
556,<*00
1,40)5.700
2.521.600
2.130.100
County
678 700
479.700
2.5X2.900
7.96 ,>*00
Chase National....
Fifth Avenue
German Exch’nge.
Germania.
United States...”.*
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.
1,798.* 00
782.000
80,900
3.569.200
2,67*,200
2.646.400
4.259.900
2.499.900
123.600
1,048.500
772.600
2.412.800
1.448.800
'4*5,500
379.300
43.700
737,600
45,000
892,900
*42*20*6
45,000
45,000
40,700
45,000
4*08^6*0*6
1,71*0.500
4*43*1*0*0
3,212.000
5.834.200
4.974.200
2.000,000
2l.78i.400
45,6*00
81,000
180,000
17,343,000
1,078.600
3,7 53.000
45,000
386.000
429,.- 00
4.137.000
40,000
1,561.400
451.700
19.008.700
6.377,-00
134.900
260.000
105.800
5.200.200
1.219.200
2.677.100
2.714.500
12 <,700
680 200
2.424.500
8.4X6.000
132.900
42u,90*»
314,000
3,620.*00
2,9X1.000
2.663,000
4.400,000
3.157.200
45,000
440,100
44,400
194,800
225,0(>O
180,000
67,5*66
45,000
43.000
2.763.500
1,098.400
45,000
123,700
243.100
210, .00
1133*00
4.4*3.200
2.0*0.800
3.127,*00
2.051,400
1,124,200
7,241,800
38,400
180,000
45,000
72,798,700j31,027,800
377,657,000
7.622,700
3.683.400
Boston Banks.—Folio wing are the totals of the Boston brinks:
1888
Loans.
L. T’nders. Deposits.*
Specie.
$
9,280.300
$
Mar. 3 145,179,000
“
10 144,310,700
'*
17 143,027.800
Circula’n.
$
8,837.900
8.019,300
3,037,100 107,444.500
Mar.
“
“
8
10
17...
Loans.
Lawful
Mon’y
$
22,538,600
22,068.600
23,564.100
$
8d.659,500
88.079.000
'8.602.000
•Including the item "due
to
Agg.Cl’ngf
$
3.150.600 109.649.900
2,076,000 i 08.605.800
6.619,000
$
81.0X0 70±
0,614,100
0,532.200
75,376,807
as
64,404.36-4
$
83,394,900
84.682.200
86.370.200
Agg.Cl’ngS
$
$
2.319,740
2,317,990
53.990.886
2.453.650
45,022,051
53.5X0,723
other banks.’
of each month.
Bid.
Ask.
ROHTUN
RAILROAD STOCKS.t
▲tonisun A To | ex*
91^
Boston A Lowell
150
Boston A Maine
214
Boston A Providence
$246 *
California Southern
i 34
Central of Massachusetts
20
203s
Preferred
41
40
Ohio. Burl. & North’n....
62
Cleveland A Canton
7
Preferred
31
Eastern
124
Preferred
120
90
Fitchburg, pref
904
Flint A Pere Marquette. i 26
Preferred
90
Kan. City Ft. 8. A Gulf..
Preferred
X. C. Memph. A Birm. ..
Kan. C. sprxngi. A Mem. i
Mexican Central
M.Y. A N. Eng., pref
Northern
Old Colony
Wisconsin Central
Preferred
Plain, 5s. .1
Mortgage, 6s
Trust, Os.
Kast’rn, Mass.—6s,
Ex-dividend,
Fort xcott A <4.—7s
K.C. Memph. A Birm—5s
K. City wp’tl A Mem.—0s
K.C. Clint. A Spring!.—5s
uittle R. A Ft. 8.—7s
I Ask.
I
914
113
Louisv.Ev.ASt.L.—1st, 6s 103*4
2d mort., 2-6s
Mar. H. A Out.—1908, 0s,
57
100
58
1923,6s
98
Mexican Central—4s
054
17
income
N Y.A w. Eng.—1st, 7s..
1st mort., 6s
<5u mm t., 0s
Southern Kansas—5s
Texas Division—5s
Incomes
Wiscou. Cent. -1st M., 5s
Income 5s
vl73
$ 10
Baff. N.Y. A
Preferred
1744
17
65^
123 4
114
100
96^0
91
92
844
91*
39
Phil.,ass.pd.
9*4
8s4
$ 524
$
Lehigh Valley
35
Little Schuylkill
Northern Central
62
87
64
93
Pennsylvania
Phila. A Reading
West Jersey
i20
90
100
t Per share,
94
52*4
*9*6**
V 54 4
29*4 29 7e
58
1
60
xailkoad bonds.
1004 Allegh. Val.—7 3-10*. »80
7s, E. ext., 1910
*no. 7s. end., conp., ’94.
;....'
105
iai
Ex-dividend.
+ Per share.
Bid.
BANKS.
i Last price this week.
.......
714
$ 71
73
$
115V
110
22
Oin. Wash. * Balt.—lata.
20
100
140
.
Ask.r
Bid
Grrfleld
250
Butohs’A Dr 102
125
Oentral
225
Ohase
Chatham.... 225
Chemical.... 3500
140
Citizens'
320
City
Commerce
Continental. 122 **
Corn Exch... 197
East River.. 130
11th Ward. t«0
Fifth Ave... 800
1800
First
130
Fourth
c* roadway...
..
132
3800
160
1*09*’
..
1264
200
136
1014
994 100
.....
73
89
20
M’rolPts’Ex.
i*17*
Metropollt’n
10
150
Nassau
BANKS.
Bid.
345
N.Y. Nat. Ex
Ninth
N. America.
STorth Riv*r.
Oriental....
Pacific..
Park
....
People's.
1624 Puenix
170
tepublio
Ask
225
’tew York.. 215
N.Y. Countv 210
160
210
250
Germ’n Am.. 113
200
Germania.
Greenwich.. 118
lanover.... 185
Im.* Trad’s’ 335
148
Irving
Leather Mfs’ 199
Manhattan.. 160170
Market
Mechanics’. 166
M’ohs’ATrs’ 165
Mercantile.. 145
Meronants’.
Asbury Park 100
86
127
110
$ Last price this week.
Fulton
Gallatin
1694
America
Am. Exch.
83
120
110
2ds, 6s
3ds, 3-4s
1st Inc., 5s, 1931
BANKS.
Ask.
i 525*
115
135
125
135
185
102
140
17*6’
1694 171
...
185
...
135.
142
St. Nicholas.
1*36*
12*2*
115**
Seventh
310
Second
ShoeALeath 140
116
StateofN.Y.
Tradesmen’s 105** 100
225
Tnited St’es 150
—.
140
119
20
Insurance Stock List.
[Quotations by E. S. Bailey, 54 Pine St.]
American
140
160
140
160
140
165
120
120
115
125
Bowery
Broadway... 150
110
Brooklyn...
Citizens’.... 110
106
fiit.y
Clinton...*.. 80
Commonw’h.
Empire City
Exchange...
Farragut
80
170
225
85
90
108
Fire Asso’n.
Firemen’s... 75
German-Am. 290
Germania... 140
COMP AN’S. Bid.
Ask.
Bid.
OOMPAN’S
COM PAN’S. Bid.
130
80
120
215
60
National...j
116
N. Y. Fire..
Hanover.... 116
Home
120
125
125
60
110
200
Niagara..... 115
55
Howard
Jefferson.... 100
170
Kings Co....
Knickerb’k r 65
80
Liberty
Long Island 80
Lafayette... 70
Manuf’c. A B no
Mechanics’ * 70
Mercantile.. 55
Merchants’. 70
75
Montank....
....
93
100
190
240
100
110
110
100
90
305
160
Gas and
Ask.
Globe
115
Greenwich.. 190
60
iGuardian...
100
; Hamilton
..
City
G<VH COMPANIES.
50
100
Bonds, 5s
72
Consolidated Gas
114
80
100
100
95
(N. Y.)
Bonds, 6s
N vssau (Bklyn.)
Scrip
Equit, 140
70
North River 90
Pacific...... 146
50
Park
Pet’r Cooper 156
People’s..... 80
Phenlx
100
Rutger’s.... 120
Standard....
88
Sterling
Stuyvesant
70
....
100
United St’es 140
135
Westchester
wuiiamsb’v. 960
GAS COMPANIES.
Ask.
105
56
People’s (Bklyn.)
Williamsburg
Bonds, 6s
Metropolitan (Bklyn.)..
Municipal—Bonds, 7s...
Falton Municipal
Bonds, 6s
Equitable
Bonds, 6s
103
73
Jersey City A Hohoken... 160
Metropolitan—Bonds
80
95
100
85
125
80
65
80
86
Nassau
N. Y.
Ask
140
100
150
80
125
100
180
60
165
90
103
180
103
75
115
160
140
280
Railroad Stocks and Bonds.
Bid.
102
Brooklyn Gas-Light
Citizens' Gas-Light
1st mort., 78,1900
ir’dway A 7th Av.—St’k..
1st mort., 5a, 1904
2d mort., 5s, 1914
B’way Surface bds...l914
Bonds guar., 5s, 1905 ...
Brooklyn City—stock
1st mort., 5s, 1902
iklyn. Crosstown—Stock.
1st mort., 7s. 1888
Bushw’k Av. (Bklnj—St’k
Central Crosstown—Stk..
1st mort., 6a, 1922
Jent. Pk. N. A K. Kiv.—Stk
Consol., 7s, 1902
Ohrist’ph rAlOth St—Stk.
Bonds, 7s, 1898
Ory Dk. E.B.A Bat’y—Stk
1st mort., 7s, 1893
92
102
Bid.
▲sk
67
66
118
106
75
105
131
105
108
110
123
111
80
110
133
109
112
1L8
L00
i
i
244
26
112
102
103
75
70
115
106
165
100
145
150
110
82
110
120
111
148
109
107
160
,D. D. E. B. A B.— xcnp, 6s 104
150
| ! Eighth Av.—Stock
105
1 I Scrip, 6s, 1914
42d A Gr’nil St. F’rv—Stk 200
112
1st mort., 7s, 1893
1054
28
114
,
1074
175
104
80
80
117
110
165
42dSt. Manh. A St. N.Ave
1st mort., 6s, 1910
2d mort., income, 6s.....
t oust. W.St.AP. F’y—stk.
1st mort., 7s, 1894
Ninth Ave.......
Second Av.—Stock..
1st mort.. 5s, 1910
......
155
160
120
85
118
125
113
152
111
Consol., 7s, 1888
210
117
38
108
60
34
107
55
155
110
103
no
112
lu3
.
_
150
11 6
219
108
Bonds, 7s, 1890
Tw *oty-third si.—stock.. 230
112
1st nort., 7s, 1893
Sixth Av.—S took
l‘-»t more., 7s, 1890
Third Av.—Stock
.......
105
112
105
100
160
no
230
106
235
114
Unlisted Securities.—Quotations from both Exchanges:
Bid.
SECURITIES.
PHILADELPHIA.
134 RAILROAD STOCKS. 1
100
140
$
new..
'
Bid.
116
50
80
134
BONDS.
Atch. A l'opeKtt— 1st, 7s.
.Coll. Trust, 5s
SECURITIES.
C
*
Broker st.A Fult. F.—Stk.
Quotations in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the third Saturday
SECURITIES.
Ask
[City RR. Quotations by H. L. Grant, Broker, 145 Broadway.]
follows:
Circula’n
Deposits.*
i2*i‘‘
106
Imp.,'6s, g., coup., 1897
Gen., 0s, g., coup., 1908 111*4112
Gen., 7 s, coup., 1908— 1134 115
7941 80
Income, 7s, coup., 1896
Mutual
Philadelphia Banks.—The totals have Deen
1888.
1294
Phila.* Read’g (Cont’d)Cons. 5s, 2d ser.,0., 1933
Debenture coup., 1893.
Deferred incomes, op...
Phil. W. * Balt.—Tr. o.,4s
Leh.V.—lBt,6stC.AB.,’98
138
2d, 7s, reg., 1910
Cons. 6s, O.A R., 1923.. 132
130
BALTIMORE.
Penn.-Gen. ,8s,coup. 1910
Cons., 6s, coup... 1905.. 120*4 1214
111
RAILROAD STOCKS.f
Cons., 5s, coup...1919.
109
Baltimore * Ohio
44a, Trust Loan
1st pref
103
Perkiomen—1 st, 0s,cp.’87
2d pref
Phil. AR.—2d,7s, c.<fcr.’93
RAILROAD BONDS.
1294 130
Cons., 7s, coup., 1911
Baltimore * Ohio—4s....
Cons., 6s, g., 1.R.C.1911 119
9*86*6*0*6
22,045.800
2,099.500
1.533.400
179.500
265.100
703.000
274.000
609.400
670.000
707.200
1,82^,500
2.267.800
1.731.400
8,753,000
369,095,400
**2*0*00
3.084,200
•22.900
148.400
185.700
1244
Bank Stock List.
528,000
4.04-.800
1,786,600
1.095.* 00
603.01*0
4.928.100
German-Amerio’n.
Total
2643*00
412,000
200.400
81.300
278.000
291.000
729.100
371,200
256.800
3.754.600
120
New York Local Securities.
2,774.600
8.852.400
4.X07.900
633,100
699,500
1.887.700
1,4 I5,700
Cara. A Amb.—M., 6s, ’89
Catawissa—M. 7s, 1900.
Del. A Bd.B.—1st, 78.1905
Bid.
SECURITIES.
504.600
6.166.200
7.987.900
643,000
Ask.
253,300
13.140,100
2.5*4.000
3 4*0.000
13 030,000
3 009,000
726.700
3,592,309
Bid.
80.1*0*6
3.043.600
14,4X2.000
078.2 00
289.000
660.500
405.800
97.400
269.700
354.800
26.700
2.831.200
1.369.500
321.80**
770,000
254,000
2.058 400
216.700
1,209,300
28«,700
45,000
20.607,900
3.820.400
4,825,2(10
1.904.500
2,160,000
1.121.900
1,912.000
1.O59.0OO
1.709 400
4,319.000
1,9*3.000
19,724 600
19,141,100
Bowery
7,126,700
7, '00,000
10,511.800
2,851.000
12,49 '.400
,500
274.100
79,500
3,993.800
1,056,800
45,000
9.622.000
13t
1.806.900
4.6O3.O00
2.042,700
2.734.V00
11,716 400
2,*tv ,000
2.721.600
11,260,000
239.000
121.400
00 ,800
2.61-9.200
8 913 600
Peoples’
N. Y.
5x1.600
142.900
285.900
347.400
6.648.400
8,231 000
North America.
Hanover
1,067,800
295.200
102.000
6,741.000
16,970.400
Broadway
Mercantile
$
282,100
1,990,000
1,18 V ,900
8,386, * 00
1.387.700
^
$
688.600
46'>.400
3,<44.400
6.405,300
1.998.700
9
5.718,000
5.734.600
19,488,600
tion.
654.000
298.000
908.000
221.600
0 0.100
SECURITIES.
.
than U.S.
1,046.000
610.000
Circula¬
other
<-
lenders.
1,100,000
7*9,000
811.500
1,860.000
1,094.000
l,v 72,000
889,000
1,917.400
11.440.000
9.346.000
Manhattan Co
Merchants’
Net Deposits
Legal
Specie.
[VOU XLVI.
30
Am. Bank Note Co
Atlan, A Cbar.—Stock... 82
All. A Char. Air L., 1st, 7s 119
At.APac.-lstM.C.D.o d6a
Host. H. T.A West—Stk.
Brooklyn Elev’d—stock.. 33
Cape Fear A Yad.Val., 1st 95
6
Chic. A Atl.—Ben., ir. rec.
31
t hio. Gas Trust
Chic. Santa Fe A Cal. 5s..
Cinn. A
Springfield
Den. A
10
Pref
24
Rio Gr. W.—St’k.
Dul. S. Shore A At.— Stk.
Edison Electric Light.... 150
Fla. R’y A Nav. Co.
Pref
18
Georgia Pac.—Stock
108
1st 6s
47
2ds
Henderson Bridge—St’k.
Kanawha A Ohio
1st pref
2d pref
1st 6s
Kan. City A Omaha
1st mort
K*- py Motor
•
Lehigb A Wilkes. Coal...
Mahoning Coal RR
40
Ask
35
85
122
SECURITIES.
Bid. Ask
20
7
25
1st mortgage, tr. rec....
New 1st 6s
404
964
414
974
Newp. N. A Miss. Val....
44
Mex. Nat.Construct’n Co.
Mexican National tr. rec.
8
6
7.
N. J. Southern
®S
N. Y. M. Un. Tel.—Stock.
88
2
6
3
N.Y. W.S.A Buff
334 North. Pac.—Div. bonds.. 102
6
North Riv. Cons....
Ocean Steam.Co.,lst guar. 1024 1044
8
13
5
Pensacola A Atlantic....
1st mort
26
Pitrsb. A Western, 1st M 74
764,
Rich. York Riv. A Ches..
93
11
1
9
St. Joseph A Grand Isl...
37
‘34 St. Louis A Ch.cago, pref.
90
21
j 1st M., 6s
St. Paul E.A Gr.Tr.,lst08
H09
*2*4*
22
51
Tol. A. A. A N. Mich
23
To,edo Peoria A West...
20
100
72
1st. 4s
U. S. Electric .Light
Vicksb. A Meridian
4
4
Pref
*4
4
95
1st mort
2d mort
46
Incomes
74
04
91
934
Western Nat. Bank
82
41
West N. Car.—Con. M
38
_
March
CHRONICLE
THE
24,18^8.]
377
Latest
uncstmcnl
Roads.
Earnings Reported.
Week or Mo
AND
Railroad Intelligence.
The Investors’ Supplement contains
complete exhibit oj
the Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,
March, May, July, September and November, and is fur¬
nished without extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of the
a
Chronicle at 50 cents each, an i to others at $1 per copy.
igp* The General Quotations of Stocks and Bonds heretofore published
on the first Saturday of each month, occupying six pages of the Chronicle, will hereafter be published on the third Saturday of each month
These General Quotations will next appear, therefore, on Saturday, Apri,
21, and after that on the following days in 1888, viz.: May 19, June 16
RAILROAD EARNINGS.
4th wk Feb
4th wk Feb
4th wk Feb
Kentucky Cent
February..
4th wk Jan
February..
2d wk Mar.
February..
February..
1886-7.
$
$
52,042
23,7X2
38,078
57,947
5,835
2,105
43.094
Lehigh & Hud..
17,691
14,688
.
February.
L. Rock & Mem
1 st wk Mar
4th wk Feb
Long Island
Lou. & Mo. Riv. December
Louis.Ev. &St.L. 2d wk Mar.
Louisv.&Nashv. 2d wk Mar.
Lou.N. A. & Chic. 2d wk M;»r.
Louisv. N.O. &T. 2d wkMar.
,
Lykens Valley.
February..
Mar. Col. & No.
December
2d wk Mar.
2d wk Mar.
*Mexican Cent
*Mex. N. (all Ins) February..
*MexicanRailwy Wk.Mar 1Mil. L.Sh.A West 2d wk Mar.
Milwaukee & No 2d wk Mar.
1887-8.
27,985
43,367
53,912
8,127
51,261
38,673
6,400
64,232
6.287
2,030
41,201
41,720
20,534
16,829
35,327
33,221
39,001
17,354
94,773:
6,773'
25,518
46,597
21,012
290.570
43,016
37,713
39,935
4*613
30,455;
32,859
292,135
35,875
41,635'
130.000,1
158,041
93,486
*
187,365
52,203
379,263
107,196
202,600
70,472
401,165
111,488
40,846
19,214
391,690
416,487
314,073
41,592
131,423
61,315
17,873
280,552
38,833
142,717
65,396
26,179
43,094
358,318
34,759
41,201
373,180
152,687
349,276
589,639
189.440
3,146,502
553,858
366,105
41,446
171,878
312,541
169.210
2,992,167
366,534
462.401
86,859
543,901
194.115
64,342
366,152
1,234,042
336,174
37,622
134,978
75,571
50,019
18.395
100.398
19,684
103,366
803.825
347,426
172.987
186,998
72,682
6,066
97,586
4,771
45,928
263,351
274,259
751,154
65,070
106.888
342,879
272,598
88,268
Datep
1886-7.
$
58,962
19,871
48,721
36,583
4,978
70,008
Keokuk & West. 2d wk Mar
Kingst’n & Pern. 2d wk Mar.
Knoxv. & Ohio January...
Lake E. & West 2d wk Mar.
Memphis &Chas
July 21, August 18, September 15, October 20, November 17 and
December 15.
Ind. Bloom. &W.
Ind. Dec. & Spr.
Ind. & St. Louis
Jack. T.&K. W.
Kanawha& Ohio
K.C.Ft.S.&Gulf.
Kan. C. 8p. & M
Kan. C. Cl. & Sp
1887-8.
Jan. 1 to Latest
246,669
990.619
281,921
715,706
394,996
165,782
Minneap.& St.L February.
221.211
Min.St.Ste.M&A January.
30,457
10,147
30,457
10,147
Mobile & Ohio
200,498
409,965
207,847
February..
436,513
Nash. Ch. &St.L. February.
248,835
249,461
519,641
491,555
Natchez Jac.&C February..
13,790
13,896
29,151
29,431
New Brunswick. January...
46,613
46,309
46,309
46,613
N.Y. Ceil. &H.R February.. 2,586,483 2,454,831
5,303,187 5,169,541
cN. Y. L. E. & W January... l,8t; 0,183 1,888,060 1,890,183 1,888,060
N.Y\ & New Eng January...
357,787
391,539
391,539
357,787
N.Y. Out. & W... 2d wk Mar.
18,392
257,320
23,269
222,499
N.Y. Sus. & W.. January.
84,596
119,527
119,527
84,596
Norfolk & West 2d wk Mar.
101.921
80,543
912.826
714.582
N’theastrn (S.C.) January...
59,704
56,252
59,704
56,252
Northern Cent’l. January...
514,948
452.441
452,441
514,948
Northern Pacific 2d wk Mar.
257,893
212,867 2,102,921 1,502,241
.
Gross Earnings to Latest Dates.—The latest railroad earn¬
ings and the totals from Jan. 1 to latest date are given below
for all the railroad companies whose reports can be ob¬
tained.
Latest
Earnings Reported.
Roads.
WeekorMo' 1887-8.
$
Allegheny Val.
January...
155,155
1886-7
$
148,091
Jan. 1 to Latest
Dale.
1887-8.
1886-7.
$
$
155,155
148,091
Atch. T. & S. Fe. November. 1,657,078 1,719,355 16,965,412 14,459,378
Atlanta & Char January...
123,592
114,577
123,592
114,577
Atlanta&W. Pt.. January..
37,882
41,544
41,544
37,882
Atlantic & Pac..
Balt. <k Potomac
Beech Creek
Buff.Rock.& Pitt
....
2d wk M »r,
January...
December
2d wk Mar.
Bur.C.Rap.& No. 4th wk Feb
Cairo V. & Chic
2d wk Mar
Cal. Southern... 2dwkMar
51,740
122,498
97,352
34,753
56,231
14,194
37,796
32,934
iCamden
Canadian &
Pacific
Atl’c 2d
January...|
wk Mar
199.000
Cp.F’r&Yad.Val February..
Carolina Cent.. January
27,984
44,589
51,701
107,127
58,789
36,284
51,505
12,126
36,444
29,843
128,000
24,184
42,298
498.249
122,498
786,823
497,507
107,127
609,096
327,741
416,146
135,614
368,634
429,260
139,091
388,126'
309,513
32,934!
29,813
2,027,205; 1,404,139
55,904i
44,897
42,298
44,589!
Cen.RR.&Bg.Co.
Railroad lines. 2d wk Mar
108,482
120,564
Whole system. February..
620,905
554,543
Central Iowa— February..
105,640
97,289
Central of N. J.. December.! 974,880
995,925
Central Pacific
November.! 1,307,442
964,132
Central of S. C. January...
10,104
7,586
Charlest’n &Sav January...
47.012
47,860
Cheshire
40,606
44,928
January...
Cheraw & Dari January...
9,074
7,766
Chesap. &Okio. November. 393,171 358,551
Eliz.Lex.&B.S. February..
73,615
68,4 .0
Ches.O. &S. W.. February..
124,803
147,153
Ches. & Lenoir. January.
8,108
5,873
Chic. & Alton
Decern ber.
746,599
737,121
Chic. <fc Atlantic d vk Mar.
50,786
32,926
Chic. Burl. &No. January...
108,835
155,656
Chic. Burl. & Q 'January.. 1,671,294 1,985,385
Chic. & East. Ill. 2d wk Mar.
*J 0,043
36,129
Chic. & Iml. Coal 2d wk Mar
6,653
11,430
Mil.
(fcSt.P.
Chic.
2d wk Mar.
440,337
405,500
Chic. & N’tlnv’n February.. 1,676,493! 1,634,180
Chic. & Oh. Riv February..
3,335
4,085
Chic. St.L.&Pitts J aim ary..
452,716
446,3*5
Chic.St.P. &K.C. February.
129,835
69,600
Chic. St.P.M.&O. January...
324,888
371,459
Chic. & W. Mich. 2d wk M(ir.
29,261
25,143
.
...
Cin.Iud.St.L.ifeC. January
Cin.Jack. <fcMac. 2d wk Mar.
Cin.N. O. &T.P. 2d wk Mar.
Ala. Gt. South
N. Orl. & N. E
Vicksb. & Mer.
Vicks. Sh. & P.
2d wk
2d wk
2<t wk
2d wk
2d wk
Mar.
Mar.
Mar.
Mar.
Mar.
Erlanger Syst
Cin.Rich.&Ft. W.j2d wk Mar
Cin. Bel. & Mob..!January...
Cin. & Spring’d I February..
Cin.Wasli.&Balt.! -:dwk Mar.
Clev. Akron <fcCol 1st wk Mar
Clev. & Canton ‘December
Clev.Col.C.& IndlFebruary.
Whole system ! February.
'
Clev. & Marietta!2d wk Mar.
Col. & Cin. Mid 12d wk Mar.
Col.Hock.V. <StT. 2d wk Mar
Denv. & Rio Gr |3d wk Mar;
Denv. <k R. G. W. J2d wk Mar-1
Den. Tex.&Gulf February..
Det.BayC.&Alp. February..!
Det.Lans’g A No. 2d wk Mar.1
Duluth S.S.&Atl. 2d wk Mar.
E.Tenn.Va.&Ga. 2dwkMar.
Evans. & Ind’plis 2d wk Mar.
Evansv. A T. H. I2d wk Mar.
Flint & P. Marq.;2d wk Mar.
Fla. R.&Nav.CoJlstwk Mar
204,932
9,625
62,587
216,168
11,578
57,792
27,332!
16,090!
29.059
8,056!
8,228
122,293
8,803
9,747
83,015
35,277
11,418
28,864
285,805
510,524
5,099
5,117
48,942
116,000
21,600
21,686
34,500
16,749
16,617
45,576
25.885
37,302
13,174
January. ..i
February.
February.
843,822!
February,
73,240
53,590
la. Falls &S. C. Februarv.
26,083
21,418
11,041
1st wk Mar
Hous.&Tex.Cen.
Humest’n&Shen
Hl.Cen. (Ill.&So)
CedarF.&Min.
Dub.&SiouxC.
15.072
94,003
4,697
15,703
51,784
24,030
14,344
Gn.Bay W.ASt.P December.
.
113,583
7,998
10,297
77,233
39,730
10,098
29,197
275,692
510,366
6,792
5,399
61,255
128,400
21,075
15,547
Other lines— 2d wk Mar.
Grand Trunk... Wk.Mar 10
Georgia Pacific 2d wk Mar
Gr. Rap. & Ind... 2d wk Mar.
7,592
99.992
4.086
24,359
12,300
27,691
41,780
4,223
313,488
Ft.W.&Den.City 2dwkMar.
10,439
8,701
7,311|
2X.532
43,075
2,693
Ohio & Miss....
Ohio River
Ohio Southern.
2d wk M .r.
2d wk Mar.
...
February..
47,702
342,879
Oregon Imp. Co January...
272,5981
Oreg. R. & N. Co January...
Pennsylvania.
January... 4,193,979,3,851,771 4,193,979 3,851,771
Penn. Company
No. West. ays. December 1,585,696,1,350,956 18,532,322 15.469,215
..
So. West. sys.. December 1,287,937:1,166,064 14,362,552 12,002.449
PeoriaDec.&Ev. 4th wk Feb
14,000;
15,601)
Phila. & Erie
223,744
260,052
223,744
January..
260,052
Phila. & Read’g. January...
930,24 0! 1,570,821
930,240 1,570,821
Coal & Iron Co. January...
332,827 1,037,750
332,827 1,037,750
..
Tot.bothCo’s.. January... 1,263,068 2,608,571
2dwk Mar.
23,933
37,510
2,608,571
27,295
1,263.068
322,075
36,216
26,268
31,327
26,268
101,675
97,350
30,850
21,600
1,023,989
326.446
901,000
34,000
22,900
15,700!
14.900
14,850|
159,893
13,650
2,125
1,100
181.575
184.576
43,367
16,430
41,293
121,993
19,947
434,809
24,169
138.065
19,825
20,3) 9
Pitts. & West’m
1,232,931
1.041,243
1,289,903! 1,077,234
203.912
206,735
11,528,588' 10,742,892
12,498,085' 10.904.835
10,10l!
7,586
47,8(50'
47.012
40,606
9,074 j
44,928
7,766
4,080,399, 3,755,867
161,415
307.912
8,108
145,071
270,403
P’rtRoyal *fc Aug. January...
Pt. R’al&W.Car. January...
R&W.P.Ter. CoRich. & Danv
Va. Mid. Div..
C. C. & A. Div.
Col. <fc Gr. Div.
West, N. C. Div
W. O. & W.Div.
Ash. &Sp. Div.
Total all
Rome W. & Og..
2d wk
2dwk
2dwk
2d wk
2d wk
2d wk
2d wk
2dwk
Mar
Mar'
Mar;
Mar
Mar
Mar
Mar
Mar
January.
USt.L.Alt &T.H. 2d wk Mar.
8,941,386i 8,060,640
2d wk Mar.
Branches
St.L. Ark. & Tex 2d wk Mar.
St. L. & San Fran. 2d wk Mar.
St. Paul & Duluth 12d wk Mar.'
St. P. Min. A
Man.; February.. |
S.Ant.& Ar.Pass. February..
Scioto Valley
January...
Seab’rd & Roan. \ J an 1 ary...!
Shenandoah Val February..
South Carolina
February.. 1
So. Pacitic Co.—
401,468
155,656
108,835'
1,071,294
*99,218
10\327
1,985,385
*
376,397
71,943
3,835,500 3,865,936
3,247,782: 3,357,353
6,609
452,716
251,697
324,888
229,121
204,932
84,092
682,662
319,455
175,843
105,176
111,524
1,394,660
78,879
9,747
168,255
422,039
99,559
373,965
599,241
10,716
446,385
151,645
371,459
231,254
216,168
74,-77
633,694
306,728
145,029
115,174
123,210
1.323.835
70,329
10,297
162,843
427,604
83,421
356,916
36,216
31,327
2,225'
1,700;
193,050
212,446
.
5.873
358,458'
j
.
38,078!
19,940
44,781
92,243!
18,031
555,015
61,419
54,073
46,575
58,000
135,552
Morgan’s L&T.
N. Y. T. & Mex.
Tex. & N. Orl..
Atlan’c system
Pacific system
Total of all..
So. Pac. RR.—
No. Div. (Cal.) December.
So. Div. (Cal.) November.;
Arizona Div.. December.;
New Mex. Div December j
Spar. Un. & Col.
Staten Is.Rap.Tr
Summit Branch
Texas & Pacific.
Tol.A.A.&N.M’h
Tol. & Ohio Cent.
Tol. P. & West..
Union Pacific...
January...|
February..!
February. I
137,082
465,903
234,704
99,937
8,852
39,601
101,095
11,050
14,263
124,137
9,682
13,032
21,949
60,093
64,795
558,198
1,411,937
1,492.335
213,484
44,557
62,305
182,426
Wal). Western... 2d wkMar.
95,514
28,962
Wab., E. of Miss January...
Western of Ala.. January.
West N. Y. & Pa. 2d wk Mar.
iWcst Jersey
January...
Wheeling & L. E. 2d wk Mar.;
Wil. Col. & Aug January...
aWisconsin Cen. 2d wk Mar.'
456,114
49,440
51,700
85,705
16,523
74,769
58,562
173,170;
160,954
266,404
385,659
35,649!
106,004
218,513
374,358
19,528
354,209
2,760,941; 3,049,176
446.852!
41,500
12,763
833,506
6,974
53,397
42,715
396,106
442,921
13,174!
12,763
1,801.625 1,793,454
14,831
12,240;
129,726!
114,035
92.581
110,7461
2d wk Mar.
2d wkMar.!
2d wkMar.
2d wk Mar'
148,188
342,848
129,545
59,213
5,861
41,392
121,719
57,134
56,751
496,221
1,122,111! 1,001,782
42,469'
44,726
163,262
139,108
468,995'
446,343
210,570
204,720
57,620
114,599
276,065' 221,392
58,539
64,023
January...
472,266
368,274
January...
7,827
12,459
January.
81,534
95,586
January...
915,767
742,198
January...
January... 12,330,998 1,661,617
January. 13,246,765 2,403,815
574,041
1,064,451
50,479
179,833
118,359
56,224
40,452
Gal.Har.&S.A. January.. J
Louis’a West..
1,085,518
160,984
802,780
42,173
99,404
263,351
274,259
17,037
88,079
January... 1,727,832 1,737,353
41,972
Valley of Ohio.. February.
42,512
144,662
483,549
45,474
48,000
76,828
13,617
69,307
67,871
223.416
356,376
27,295
278 801
.
191,706
141,556
127,486
16 587
179,515
8,151
1,649,652
184,576
401,165
172,041
413,246
1,016,903
220,664
1,037,436
894,060
121,824
54,07 (
46,575
109,100
263,129
47,508
56,224
40,452
1,872,110
212.446
379,263
188,167
531.266
965,569
276.065
64,023
472.266
7,827
95,586
915,767
2,330,998
3,246,765
1,727,245
3,885,483
1,756,519
735,736
8,852
84,173
278,692
1,206,276
115,236
241,162
174,883
1,727,832
951,532
456,114
49,440
529,823
85,705
172,608
74,769
582,631
* Mexican currency.
deducting earnings paid over to leased roads operated
centage basis.
If Including Indianapolis & St. Louis.
114.908
212,731
221,392
58,539
368,274
12,459
81,534
742,198
1,661,617
2,403,815
1,649,820
2,985,881
1,525,221
607,196
5,861
80,229
174,390
1,228.269
92,577
192,141
175,918
1,737,353
1,087,430
483,549
45,474
471,757
76,828
132,003
69,307
558,640
J And branches.
c
After
a
All lines included.
Latest
Gross
on a per
Earnings by Weeks.—The latest weekly
are separately summed up
earnings in the foregoing table
as follows:
THE
378
CHRONICLE.
[Vol. XL\I,
The
Februa ry.
1888.
1887.
comparison of earnings for the second week of March
is unfavorably affected by the fact that in the present year
railroad communication through the Middle, Atlantic and
New England States was interrupted for several days by the
snow storm, while in the corresponding period in 1887 traffic
was very heavy all over the country, merchants hurrying to
get their shipments through before the Inter-State law should
go into effect. As a result many roads record large losses in
earnings this year, and the aggregate on the 73 roads below
shows
a
decrease of 2 26 per
2d week
cent.
1888.
of March.
1887.
Chicago
Chicago
Chicago
Chicago
199,000
36,284
12,126
36,444
128,000
120,564
108 482
32,926
50,786
36,129
6,653
& Atlantic
A East. Ills
A Ind. Coal
Mil. A St. Paul...
Chic. & West Michigan...
405,500
25,143
Cincinnati Jack. & Mack
CUl N. 0. A Texas Pac...
9,625
62,587
440.337
29,261
11,578
57,792
Alabama Gt. Southern
27,332
46,090
8,056
8,228
29,059
10,439
8,701
7,592
,
40,043
11,430
New Orleans & N. E
Vicksburg & Meridian..
Vicksburg Shrev. & Pac.
8,803
35,277
On. Rich. & F. W
Cin. Wash. A. Balt
Cleveland & Marietta
Col. A Cin. Midland
CoL H. Val & Toledo
Denver & Rio Grande....
Denver & R. Grande West.
Detroit Lans. A North....
Duluth 8. 8. & Atlantic...
East Tenn. Va. & Ga
Evansville & Indianap...
Evansville & T. H
Flint &Pere Marquette..
F*>
Worth A Denv. City,
t*
*
48,942
107,000
21,600
16,749
15,547
99,992
4,086
16,617
45,576
Kingston & Pembroke...
Ohio &
72,682
6,066
34,000
22,900
15,700
Col. A Gr. Div
West North Car. Div
Wash. O. A W. Div
Ash. A Spar. Div.
*St. L. Alt. A T. H., M. Line
Bt. L. Alt. A T. H. Brchs..
8t. Louis Ark. & Texas...
Bt. Louis & San Fran
Bt. Paul A Duluth
Texas A Pacific
Toledo Ann A. A No. Mich
Toledo A Ohio Central...
Tol. Peoria & Western
Wabash Western
Western N. Y. A Penn
Wheeling A Lake Erie...
Wisconsin Cent, (all lines
14.850
2,225
1.700
38,078
19,940
44,781
92,243
18,031
101,095
11,050
14,263
17,037
95,514
51,700
16,521
...
Gross.
3,922,651
Lake Erie & Western.Gross.
Net...
145,407
34,837
Loulsv.N. Alb. A Chic.Gross.
4.118
147,057
Net...
26,379
Wabash Railway
9,676
456,114
68,359
Net...
1,693
4,669
New Mexico Div
6,208
47,793
22,267
,
Nash. Chat. & St.
L.Gro'e.
12,697
Bg.Co.Ga. Gross.
Net...
24,'904
Va.
13,650
2,125
RIOO
43,367
1,200
16,430
41,293
121,993
3,510
!
........
100
600
429,705
194,870
Midland Div... .Gross.
129.914
103,720
Net...
45/208
Div..Gross.
92,359
27,822
79,630
14,975
66,873
Col. & Greeny.
Div.Gross.
West. No. Car.
Div.Gross.
Net...
1,368 I
1,231
23,042
10,337
To.R.&W.P.Ter. sys. Gross.
763,339
330,560
215,564
40,223
658,447
294,803
184,118
218
Western N. Y. &
Pa..Gross.
Net...
4,912
'
January.
49,148
1888.
3,700
274,892
4,013,18()
1
9
Road.
2,900
9,309
49,537
12,358
Net...
Oregon Imp.
Gross.
Co
Net...
342,879
38,900
4,410,756
1,950,713
1886-7.
^
1887.
9
9
3,803,248
1,640,755
Feb. 29.—*
r-Gct. 1 to
.
1886-7.
9
1887-8.
9
2,227,893
1,146,178
717,728
300,986
465,354
2c0,625
327,512
152,657
272,9-16
37,163
Net...
3,488
29,750
1,916
46,870
69,829
30,316
56,891
9
1887.
2o0,188
Net...
1886-7.
1887-8.
Net...
Gross.
5,289
19,947
124,137
9,682
.
' 9
363,461
9
Char. C. & A.
1886-7.
•
9
2,121,279 1,811,524
934,100
772,016
r-Sepf. 1 to Feb. 29.—k
249,461
113,436
$
9
620,905
554,543
270,953 221,779
February.
Roads.
Rich. & Danville
April 1 to Feb. 29.—*
9
$
1888.
1,300
800
667,196
310,131
188*7-8.
1887.
248,835
102,300
Road.
Ccn. RR.&
^
,
3,150
647,591
702,787
735,736
313,109
1887-8.
February.
1888.
1887.
36,514
14,900
1,756,519
v
$
Net...
13,577
7,625
483,549
152,8-87
782,445
1887.
1888.
Road.
4,325
18,404
9
$
$
264699
213,275
24,184
130,574
100,828
15,589
12,787
February. —* . —July 1 to Feb 29.—»
Net...
2,404
1,295
30,457
$
27,984
Cape Fear & Yad. V.Gross.
1,565
4,771
26,379
1,649,820
811,967
1,525,221
Net...
6,393
3,658
21*3*7*8
147,057
1,727,245
Gross.
1888.
75
12,397
1,289
4,877
22,920
152,847
32,377
139,417
15,555
10,147
2,042
9
148,188
66,315
129,545
39,680
59,213
Road.
3,922
87,800
24,090
145,407
43,789
9
Ftbruary.
7,141
155,650
13,069
76,651
108,835
def. 7,252
$
51,263
234,704
98,252
99,937
1,295
452
.
MONTI! AND FISCAL YEAR.
2,044
40,721
174,390
2,982
,—Jon. 1 to Dec. 31.—*
1886.
1887.
137,082
4,159
45^026
-
Net...
Net...
*T, 5*3*0
564,206
2,042 def. 11,230
26,984
18,404
9,676
7,625
456,114
483,549
68,359
152,887
Gross.
Gross.
Arizona Div
5,989
’”'9*14
21,919
f—Jan. 1 to Jan. 31.—*
1887.
1888.
S
9
*
9
Roads.
Southern Pac. RR.—
No. Div. (Cal.)
611
86,859
Dece m her.
*
1886.
1887.
,
4,506
194,115
15,555
10,147
26,984
Gross.
4,453
525
39,935
152,847
32,377
139,417
43.789
Gross.
Net...
Ohio River
12,343
28,000
1,780,202
22,926
Minn. S. S. M. & Atl..Gross.
30,457
Net... def.l 1,230
282
1,478,735
631,652
278,692
49,451
9
155,656
13,069
76,651
9
87,800
24,090
x
658,447
294,803
88,079
4,576
1887.
Gross.
108,835
Net... def. 7,252
645
636
805
10,337
65,293
107,565
17,249
37,163
49,537
January.
Roads.
1,727
9
111,256
52,496
99,480
only coal and mining operations.
Chic. Burl. & No
5,651
9
127,693
66,873
2,443def.l6,139 def. 5,421 def. 31,372
373,957
428,323
215,564
184,148
218
92,856 def. 30,735
46,223
Gross.
Net...
17,860
.
212,867
97,586
.[
Covers
9
1888.
4,795
13,032
21,949
144,662
48,001
13,617
67,871
58,562
I Total (73 roads)
Net decrease (2 26 p. c.)
-
*
1,953
37,510
97,350
30,850
21,600
123,933
101,675
Richmond & Danville
Virginia Mid. Div
Char. C. A A. Div
...
19,684
23,269
80,543
257,893
Pittsburg A Western...
336,560
121,719
18,500
94,773
/
3,914
4,777
37,713
32,859
93,486
75,571
50,019
37,622
18,395
18,392
101,921
Ohio River
Net...
Eliz. Lex. A B. S.
12,082
43,016
130,000
88,268
Mississippi
763,339
Net...
71,000
;
290,570
30.455
Norfolk & Western
Northern Pacific
To.R.AW.P.Ter.sjs.Gross.
*Lykens Valley
........
41.720
21,012
292,135
35,875
41,635
Milwaukee A Northern..
New York Ont. &West...
Net...
56,891
17,358
1,352
43,075
2,693
354,209
6,287
2,030
17,354
Mexican Central
Mexican Railway
Milwaukee L. Sh. A West.
36.316
*Summit Branch...Gross.
Net...
1,53'i
2,0*68
15,703
51,784
14,344
23,532
35.327
Memphis & Charleston..
.Net...
West. No. Car. Div. Gross.
39
94,003
4,697
2,105
Lake Erie A Western
IiOulsv. Evansv. A St. L..
Louisvi Je A Nashville....
Louisv le N. Alb. & Chic.
Louisville N. O. A Texas
9
21.418
11,041
12,300
27,691
41,780
4,223
313,488
5,835
Other lines
tGrand Trunk of Canada.
Keokuk & Western
9
7,998
5,117
gia Pacific
and Rapids A Indiana..
Decrease.
39,730
6,792
5,399
61,255
135,000
21,075
5,099
....
Increase.
51,701
14,194
37,796
Canadian Pacific
Central of Georgia
9
69,829
Western N. Y. A Pa..Gross.
Net...
Il,740
34,753
Atlantic A Pacific
Buffalo Roch. A Pittsburg.
Cairo Vin. & Chio.
California Southern
Roads.
Col. & Greenv. Div.Gross
,—Jan. 1 to JFV6. 29.—
1887-8.
1886-7.
*
44,061
4,003,902
1,833,062
1,159,082
250,562
1,928,7C6•
963,360
643,653
229,858
392,643
207,158
307,609
145,387
242,685
40,527
3,517,659
1,549,029
3,004.818
9,510
r—D( C. 1 to Jan. 31.-*
1886-7.
1887-8.
203,351
25,171
$
9
711.084
527,821.
114,679
69.60
365.418
90,526
ANNUAL REPORTS.
*
Including Indianapolis & St. Louis.
1 For the week enditg March 10.
| Net Earnings Monthly to Latest Dates.—The tables follow.
Ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
hut not kept standing from week to week. The first state¬
ment includes all roads for the latest month and from Janu¬
1, 1888; following that we give the totals for the fisca
year on those companies whose fiscal year does not corresponc
ary
with the calendar year.
/
February.
1888.
Cape Fear A Yad. Val.Gross.
Net...
Cent.RR. & Bg. of Ga Gross.
$
27,984
15,569
620,905
Net...
270,953
Nash. Chatt. & St. L..Gross.
248,835
1887.
,
(For the year ending December.31, 1887.)
pamphlet report, just issued, we have the infor¬
mation given below concerning the various roads embraced
in this large system.
In the editorial columns of the Chroni¬
cle, and also under the heading of “ Bankers’ Gazette” on a
pr ceding page, will be found some comments on these reports;
The mileage of the various properties on December 31st,
1887, comprised:
Miles.
From the
The
r-Jan. 1 to Feb. 29.—,
1888.
9
24,184
12,787
554,543
221,779
249,461
113,-136
363,461
9
55,904
30,976
1,289,903
505,012
519,641
214,969
Net...
102,300
Richmond & Danv....Gross.
Net...
429,705
230,188
194,870
408,821
Va. Midland Div....Gross.
Net...
129.914
255.746
45,208
103,720
27,822
Char. C. A A. Div..Gross.
92,359
79,630
Net...
46.870
44,975
176,(516
88,392
Railway System.
*
MONTH AND CALENDAR YEAR.
Roads.
Missouri Pacific
819.464
88,192
1887.
9
41,89,-
23,10{
1,077,231
369,313
491,555
218,103
704,500
362,664
214,001
64,007
148,206
82,151
Missouri Pacific Railway
Missouri Pacific
St Louis Iron
Little Rock &
1,273
1,5231,142
170
1,611
775
50
388
42
.
branch lines
Mountain «fc Southern Railway
Fort Smith Railway
Missouri Kansas & Tex ts
Railway
International A Great Northern Railroad
Galveston Houston A Henderson Railroad
Central Branch Union Pacific Railroad
Sedalia Warsaw A Southern Railway
Total
-
operated during the year 1887
The increase in mileage of the Missouri
Average mileage
proper during the year was
The mileage of the St.
Railway was inert ased 219
170 miles.
...
6,974
6,193
Pactffc Railway
Louis Iron Mountain & Southern
milts, average 142 milts, compris-
March 24, 1888. J
THE CHRONICLE.
ing: Little R)ck Mississippi River & Texas Riilwav, Little
Rock to Arkansas City, Ark., 113 miles; with branch to
Warren,
Ark., 49 miles, acquired bv purchase Apd! 1, 18S7—162 m les.
Memphis Branch, Btld Knob to Wynne, Ark. (12 mde3
built in 1886, received for
operation Jan. 1, 1887; 33 miles,
constructed and received for operation
during 1887) —15 miles.
White River Branch Extension, Bitewille to
Cnshmin,
Ark., constructed in 1886, received for opsration Jan.
1, 1837,
12 miles.
transportation
are
shown
separately.
“
of
$1,555
;
earnings’of the Galveston
tracks,
year
H m*ton
& Hender¬
from rental of
$637,286 ; operating expenses, 471,997, equal to
Railway, fifty miles, including credits
were
74 05 per cent; net
earnings, $165,379.
“
The net earnings of the Central
part
Railroad
Branch Union Pacific
$457,082, a decrease of $357,996, due to the
failu *e of the grain
crop in Nort iern Kansas, the prevalence of
lower rates, and increased
expenses in maintenance of way.”
*
*
*
*
the
Taylor Bishop & Houston Railway, 103
miles; Dallas & Greenville Riil way, 52 miles; Gainesville Hen¬
rietta & Western, 70 miles.
The total mileage added to the Missouri Pacific
system
during the year was 2,137 miles, in addition to the Little Reck
& Fort Smith Railway
acquired and operated as an inde¬
pendent property, 170 miles.
Of the new mileage added, 292 miles were
acquired by pur¬
chase, 804 miles by purchase and reorganization of the Fort
Scott Wichita & Western Railway
(13 miles of which were
constructed during the year), 1,004 miles
by constru ction and
537 miles by operation of lines constructed
prior to 1887.
A large mileage of
newly-constructed lines, completed
wholly or ia part at the close of the year, are not included in
the reports of operation, being still in the
hands of contrac¬
of wav,
The gross
son
The Missouri Kinsas & Texas
Railway increased the mile¬
age of its Texas division 225 miles, average 153 mile*,
by con¬
struction
$74,772; increase
in expanses of mainte¬
increase in expanses of rniiatenanca of
cars, $15,603.
The expmses of motive
power exuibit an
increase of $173,980, necess'tated
by extensive repairs of loco¬
motives, thircy-one engines having been rebuilt at a cost of
$123,922, and repairs made upon others am Hinting to
$78,837;
an increase in total
expenditure* upon engines of $91,627.
The operating expenses were 76*25
per cent, agiinst 67*01 per
cent in 1886.
nance
The Little Reck & Fort Smith
Railway, extending "from
Little Rock to Fort Smith and Van Bnren,
Ark., was operate 1
in connection with the St. Louis Iron Mountain
& S >uthern
Railway from August 1, 1887, although not an integral
of that roal, and its
earnings and expenses for the entire
was
379
wers
••
*
*
*
“
The amount expended on all the roads
for betterments and
extraordinary expenditures, included in operating exopnses,
during the year 1887 was $389,602, an increase of
$185,125
over 1386.”
* * *
“The new lines constructed
during the past year have been
of an important character in the
development of newterritory
and the establishment of new*
sources of traffic for the
Important terminal points have been
system.
reached by the new liaes
completed and under construction, notably Pu bio, Colorado
Memphis, Tenn.; Arkansas City, Ft. Smith and V*n Bnren;
Arkansas; Histings, Crete and Nebraska
City. Nebraska;
Topeka, Hutchinson, Larned and Arkansas
City, Kansas, and
Hillsboro, Lockhart and Henrietta, Texas.
The grading and bridging
tors and pro lucing no revenue to the
of the unfinished lines was
company.
tically completed, and tracklaying actively in progress atprac¬
The report says : “ The gross
the
earnings of the Missouri Pacific close of the
yea»*, and will be finishe i early in the
Railway, proper,—1273 miles, increase 170 miles—indicate a
present
healthy growth both in the gross and net revenues of the season, completing the construction of 561 miles on lines re¬
property.
The gross earnings were $11,105,068, an increase of ported unfinished at the dose of 1887.” * * *
LAND DEPARTMENT.
$2,733,968. The operating expenses were $6,638,843,
equal to
The operations of the land
59*78 per cert, against 59*03 percent in 1886
depirtment of th» St. Louis
; the net earnings Iron Mountain &
were
Southern and Little Rock & Fort Smith
$4,466,224, an increase of $1,033,166.
Railways during the year are shown in the following table:
The Missouri Pacific branch lines,
although
“
“
newly constructed roads, many of which
compose 1 of
opened for
business late in the year, and not
expected to produce their
full quota of revenue either from local or
through traffic,
nevertheless produced net earning s
amounting to $226,770
after payment of
operating expenses and the considerable
expenditures which
were
were
found necessary to
complete their
terminal facilities and improve their roadbed.
This surnlus
carried to the credit of income account of
the Miisouri
Pacific Railway Company.
“
The gross earnings of the St. Louis Iron
Mountain &
Southern Railway were $8,331,822, an increase of
$1,020,210 ;
the operating expenses were
equal to 58*19 per cent, against
52*91 per cent in 1886 ; the net
earnings were $3,483,392, an
increase of $40,112.
The competition of new routes and
reduction of rates affected the
gross earnings of this
was
property
;
No. of
acres
sold
during 1887
Average price per acre in I 887
No. of acres unsold Dec. 31, 1887
Total amount of sales,
including town
lots in 1887
Cash received during 1887
Notes received during 1887
Gross receipts
of
commencement
Gross expenses of
s—St. L. I. H. d- S. It'y— L. Ji. 6 Ft.
Mo. friv. Ark I) tv.
llai'may.
3,017
40 .077
30,511
$3 28
107.090
$
10,517
13,147
$
150,360
126,800
100,070
4,044
department since
department since
$3 04
847,270
177,700
commencement
3,445,001
$3 17
581,535
$
90,700
107,519
71,190
1,790,188
80,828
15,000
801,050
988,736
528,338
390,158
The earnings, expenses, income account and
general balance
of the differeat companies for three
years have been
Notes receiv’l outstan’g Dee.
31, 18S7.
fully
compiled for the Chronicle as below*. The mileage at the
close of the year on which the
earnings are based is given.
It will be noticed that the Missouri
Pacific statement includes
the branches, the gross
earnings of which in 1886 were only
although its he avy local traffic enabled it to nearly maintain
an
equality in gross levenue per mile compared with the pre¬
vious year. Tne completion of
the Memphis Branch was $297,681, against $1,874,521 in 1887, and the net earnings
delayed by difficulties of construction, but will be opened $23,701 in 1886, against 1226,771 in 1887.
during the coming spring, adding an important terminal and
MISSOURI PACIFIC.
junction point, and establishing a new route for traffic. Toe
EARNINGS AND EXPENSES.
connection under construction from Fort
18w5.
1886.
1887.
Smith, Ark., to Miles operated Dec. 31
1,037
1,488
Wagoner, Indian Territory, will also open a new route from
2,796
Earning*—
Kansas which will permanently add to the
Passengers
productive power
$2,004,578 $2,020 597 $2,845,453
of this property.
Freight
5,153,025
5,518,2^6
8,?37,017
^
Mail express and miscellaneous...
“The gross earnings of the Missouri Kansas &
785,959
1,100,127
1,597,114
Texas Rail¬
way were $7,366,723, a decrease of $84,920 compared with the
Total earnings
$7,943,502 $8,015,020 $12,979,589
previous year, principally due to the opening of two new lines
Expenses—
Transportation
through the Indian Territory parallel with it, and
$1,532,085 $1,G9V291 $2,675,139
competing Motive power
for through business to all the
1,161,122
1,287,131
2,475,004
principal points in the State of Maintenance of way
1,002,060
l,2b8,059
1,088.811
Texas : Tne St. Louis & San Francisco
Maintenance of cars
315,545
Railway on the east, Miscellaneous
333,432
048,057
by the completion of its lme from Ft. Smith to Paris, Tex.,
2t>7,50l
020,810
498,983
.
connecting at that point with the Gulf Colorado & Santa Fe
and the Texas & Pacific
railways ; the Atchison Topeka &
Santa Fe Railway on the west,
by the completion of its line
through Purcell, Indian Territory, to a connection with the
Gulf Colorado & Santa Fe system in Texas/’ * * *
“The operating expenses were
$5,500,140, an increase of
$1,271,386, due to the operation of additional mileage, physi¬
cal mprovem* nt of the line and
repairs of
the
latter especially having become deterioratedequipment,
to an extent
which rendered immediate and extensive
expenditures an
absolute necessity ; largely from this cause the
increase in
expenses of motive power was $423,545, and the increase in
expenses of maintenance of cars, $126,511.
The increase of
$234,953 in expenses of conducting
greatly in
excess of the percentage
transportation
was not
ments and extraordinary
and completing new
expenses, principally in ballasting
lines, construction of telegraph lines,
side tracks and change of
gauge of Jefferson section. Chiefly
from these causes, the
percentage of operating expenses of
this property was 74*66
per cent, against 55*75 per cent in
1886.
“The gro38 earninea of the International &
Great Northern
were
$2,919,609,
a
decrease
of
$6,256,
with
an
in tonnage of 26 per cent, and an
increase in car mile¬
age of 20 per cent.
The increase in expenses of
conducting
anrease
$4,338,319
$3,005,*243
earnings
54-61
$5,238,723
$3,400,297
$8,280,594
$4,002,995
60-59
63-84
INCOME ACCOUNT.
Receipts—
Net
1885.
earnings...
1886.
1887.
$3 406,297
1,300,832
$4,692,995
$4,398,078
$1,767,129
$7,707,257
$1,822,727
2,098,000
$1,875,470
2,531,770
$2,349,407
3,608,174
$3,005,243
Dividends, &C
792,835
Total net income
Disburstmenls—
Interest on bonds
Dividends paid
Rate of dividend
Taxes, rentals, &c
7
568,848
.=■
Total disbursements
$4,489,575
—$91,497
Balance for year
of increased
mileage and
increased service of cars and
engines.
The expenses of main¬
tenance of way were increased
$473,779, the larger portion
being on the Texas Division, and including $121,767 in better¬
Railroad
Total expenses
Net earnings
Ratio of expenses to
7
3,014,262
7
G53,992
762,265
$5,001,232
$6,119,846
—1294,103-i $1,587,411
GENERAL BALANCE DECEMBER 31.
Assets
Co.^t of road and equipment
Investments in stocks and bonds.
Materials aud supplies on hand..
Cash
Uncollected accounts
Total assets
TAnbilities—
1885
22.050,933
1,0-0.774
549,780
l,5i 3,316
.
1886
1887
$41,633,993 $44,221,631 $47,385,570
26,642,615
1.001,291
2.723,7*6
44,320,154
1,216,203
3,273,2:0
5,547,948
614.372
$67,418,796 $78,467,573 $39,084,247
Stock
$29,974,801) $39,059,609 $43,974,850
Funded debt
30,'00,000 30.000,000 41,302,000
Interest due and accrued
512,400
514,270
752,665
Vouch’rsfor Dec. pay. follow. Jan
2,016,405
3,474,689
3,950,121
Miscellaneous
121.893
19.821
18,006
Income account
4,793,298
4,499,193
Total liablitiea
6,086,605
$67,418,796 $78,467,573 $99,084,247
MOUNTAIN & SOUTHERN.
ST. LOUIS IRON
EARNINGS AND
1886.
923
18S7.
$1,291,260
5,572,2.28
$1,526,378
6,279,496
923
operated Dee. 31
Earning s from—
Passengers
1,142
Expenses—
309,639
128.804
General
$3 o92,223
Total expenses
Net earnii gs
$3,619,416
50*49
Ratio of expenses to earnings
Total net income
Disbursements—
Interest on bonds
156.905
leO 524
$5,868,331
$3,443,281
$4,848,429
$3,483,393
earning*
Operating expenses
$2,215,304
$2,214,131
Disbursements—
disbursements
Total deficit on operations
Rental from other lines
Total
$55,048,292 $54,089,675 $58 6*4,603
2,887,707
2,774,6o8
2.669,933
9,039,0u2
bonds.
5,77 6,6 20
5,777,606
$63,750,688 $^2,861,393
Total assets
Liabilities—
Stock
lol,935
32,100
188,310
32,100
Miles of road
operated Dec. 31...
Earnings from—
1,386
1,3»6
1,611
Net earnings.
Motive power
Maintenance of way
Maintenance of cars
General
$7,366,723
$1,343,922 $1,469,023
1,190,544
1,238,^77
1,147,105
1,162,649
211,585
233,639
$1,'03,976
1,66.' ,022
1,636,429
338,096
147.021
159.617
lo9.89i
Total expenses
.
eainings
Ratio of expenses to earnings
$4,055,101
$2,798,554
5S*1
Dividends, &c
Total net income
Disbursements—
Interest on bonds
Disbu rsem ents—
Inteiest on bonds......
$2,781,4 80
425,7*“ 2
$3,985,385
$3,207,262
Of this amount about $800,000 was paid to
1887.
$6^,907,015 $69,258,940 $72,107,220
18,560,049
18,445,7^6
1,631,239
1,587.029
51,910
41,993
3,164.360
3,800.401
17,689,733
56,356
10of451
5,099,207
$90,314,573 $93,134,149 $95,052,967
Total aesets
Liabilities—
Stock, common
$46,405,000 $46,405,000 $46,405,000
Stock, preterred
Funded debt
Interest due and accrued
Net proceeds land depaitment...
Miscellaneous
9,676
9,676
5,157
41,766,061
1,068.909
44,574.535
1.04 ',657
46,630,4 0
1,058,208
1,102,281
1,126,-35
6,719
INTERNATIONAL & GREAT NORTHERN.
Oct. 1 to Dec.
come
1885.
operated Dec. 31
775
1,814,850
824,639
967,348
693,395
Operating expenses
earnings
1887.
775
$
2,919,610
2.226,215
$
2,639,489
Net
1P86.
775
$
2,925,866
1,958,518
Gross earmnes
INCOME ACCOUNT.
1885.
Receipts—
Net earnings
Other receipts
Total net income...
$
225,910
277,978
207,457
1886.
$
1887.
22n,9iu
2,207
277,978
62.391
207,457
5r,105
223,117
340,369
263,562
6<,582
1886.
$
160,685
63,145
163,975
57,8b9
223,830
116,539
221.864
41,698
•
December 31, 1887J
for the year 1887 is given
31, were $197,922,
the year.
OPERATIONS AND FISCAL
18*4.
R'd
1887.
824.639
70,715
$
967,348
*890,896
$
693,395
14,106
895,354
1,858,244
707,501
and are deduc ted in the in¬
balance to Ill. Central for
account, showing the proper
2,066
op’rat’dDec. 31.
RESULTS.
1885.
1886.
18«7.
2,066
2,149
2,355
6,112,110 6,949.852
122,790,264
Fi’gbt (Uns) moved.
3,354,085
3,587,270 4.051,*23 4,910,248
Fr’ght(t’ns) mileage. 577,542,939 623,369,124 719,928,008 830,970,523
Ave. ratep. ton p. m.
1*37 cts.
1*3L cts.
1*16 cts.
I*c9 cts.
P»88ei'gers carried.
Passenger mileage..
4,848,140
$
$
R(imino8~—m
Passenger
Freight.
Mail, express, &c...
2,749.940
7.9<>2,043
1,53*,850
”
Tot.gross earnings. 12,190,833
Operating expenses—
Maint’oe of way, &c.
1,384,553
equipiu’t
Total*
N t
earnings
P.c.of
*
5,312,759
123,585,<70 129,027,769 114,582,636
op.exp.toearn
1,127,07 4
3.616,835
2,852,439
8,145.920
1,62 ,905
12,621,264
1,407,696
1A 09,079
4,009,854
6,128,512
6,626,629
6,062,321
50*27
5,994.635
52*50
$
2,529,632
8,332,151
l,6t7,71l
$
2,785,408
9,034,863
1,726,017
12,529,494 13,546,288
1,371,310
1,116, i87
4,053,187
1 56
6,540,704
5,988,790
7,310,941
6,235,347
52*20
53*97
*,407
lA72,879
4,470,655
Excluding rentals and taxes.
INCOME ACCOUNT.
1884.
Receipts-
$
$
6,062,321
5,994,635
Taxes
Iowa road*, prop’n
for three months..
1887.
$
6,235,347
188,967
270,627
121,206
65,966
5,988 790
313,n43
102,121
6,372,494
6,331,228
6,404,254
7,132,208
1,787,316
546,900
1,901,038
544,400
1,875,073
1,805,585
776,760
So 1,760
2,720,000
545,269
2,720,000
556,074
2,430,000
575,459
2,850,000
646,375
219,943
250,000
165,138
518.859
615,926
197,922
583,377
60,807
122,443
53,114
6,234,566
6,331,178
6,395,661
6,998,633
137,928
50
8,593
133,575
Miscellaneous.
Disbursements—
Rentals, incl. int. on
bds. ot leased lines.
Int. on Ill. C. debt...
Div’dsonlll C.stk. &
leased line certs
1886.
1885.
$
Interest, <feo...
...
EARNINGS AND EXPENSES.
Miles of road
445,370
260
886,115
$90,314,573 $93 134,149 $95,052,967
Total liabilities
388,378
227,857
TTausp’n &misvel’s.
31.
1886.
170
Comparative stmistios of the operations and income account
compiled for the Chronicle as below. The state¬
ment here includes the Iowa roads tor the full year 1887 for the
purpose of comparison; the net earnings for the three months,
Maint’ce of
1885.
$
723,348
have been
Northern, in settlement of accounts.
'
Assets—
Cost of road and equipment
Investment in stocks and bonds.
Due iron. RR.’s and individuals.
Cash
Income aceoimt
1887.
163.275
(For the year ending
International & Great
GENERAL BALANCE DECEMBER
1886.
170
The annual report of the directois
at length on subsequent pages..
+$238,280 —$636,042—$1,298,805
Balance for year
*
$2,439,427 $2,483,363
310,646 *1,502,022
62,152
$
683,754
476,297
Illinois Central Railroad
74*66
56*74
$1,908,457
$2,750,073
Total disbursements
254,630
SMITH.
Surplus for year
*
Taxes, rentals, &c
-
Total receipts
$4,228,755 $5,100,140
$3,222,890 $1,866,583
$3,349,343
$2,988,353
160,668
2*24,050
286,202
$
Receipts—
earnings
Land sales, &c
Net
1887
1886.
1885.
$2,798,554 $3,222,890 $1,866,583
41,974
126,453
189,799
Receipts—
118,467
112.'9l
1885.
INCOME ACCOUNT.
Net earnings
122.317
79,961
38,117
INCOME ACCOUNT.
$1,654,270
5,29 ,344
420,109
$7,451,644
$6,853,655
60,668
o^’oSo
Total disbursements
$1,592,713 $1,575,920
Passengers
Freight
4,833,860
5,470,742
Mail, express and miscellaneous..
427,082
404,982
Total earnings
Expenses—
Transportation
100.000
18,467
Taxes, &c
1887.
1887.
5,676 def. 63,382
100.000
1 < $0
Operating expenses and taxes
EARNINGS AND EXPENSES.
Miles of road
sur.
100*000
operated Dec. 31
earnings
Gross
MISSOURI KANSAS & TEXAS.
1886.
5,676 def. 63,382
sur.
EARNINGS AND EXPENSES.
$71,137,573
1885.
471,907
1886.
42,356
LITTLE ROCK & FORT
$63,750,888 $62,861,393 $71,137,573
Total liabilities
408.525
def. 41,844sur.l41,839 sur.
Balance
$22,083,195 $22,083,195 $25,731,025
35,564,353 35,540.^83 59,441,^83
708,371
708,824
755,845
2,658,687
7 53,803 ' 1,882,686
2.736.283
3.775,ob8
3,526,554
Funded debt
Inteiest oue and accrued
Balance of accounts payable
Income account
50
$
„
1885.
1887.
Cost of road and equipment
37,283
42,356
f,031
395,355
22,317
'•
Taxes, &o
$2,358,397
l,i 92,052
1886.
18»5.
Land giants
Investments in stocks and
Cash on hand.
Advances
sur.
surplus
31.
GENERAL BALANCE DECEMBER
Assets-
or
Interest on bonds
$4,050,449
-f $1,051,331+$1,038,806 —$44fc,555
Balance for year
sur.
4^
1885.
$2,564,275
$2,612,826
Total disbursements
279,986
INCOME ACCOUNT.
$3,101,894
350,144
397,522
322,242
i
earnings
Net
Deficit
$3,G03,c81
$
Gross
1887.
1886.
50
50
operated Dec. 31
58*19
52*90
$3,664,157
Taxes, bridge exp., dividends, &o..
received from
r
1887.
Other receipts
997,233
1885.
Miles of road
1886.
1885.
$3,619,416 $3,<43,281 $3,483, 92
118,502
159,800
44,741
Receipts—
Net earnings
912,587
45,912sur.945,657def.289,732
Mo. K. & Tex., in settlement of
GALVESTON HOUSTON & HENDERSON.
EARNINGS AND EXPENSES.
INCOME ACCOUNT.
Net
800.000 of this was
*
.$1,430,303 $1,551,538 $1,842,957
1,4< 0,642
1,043,735
1,089,552
1,086 147
675,865
733,925
358.159
240,288
Tran t>portat ion
Motive power
Maintenance of way
Maintenance of cars
941,266
accounts.
$7,311,0j9 $7,311,612 $8,331,822
Total earnings
1,567
def.
Balance for year
525,948
448,124
32,466
1887.
$
911,100
86.133
Taxes, &c
Total disbursements
$1,262,571
5,592,710
456.358
Freight
Mail, express and miscellaneous...
908,800
1886.
$
911,020
1885.
$
Disbu rsem tn (s—
Interest on bonds.
EXPENSES.
1885.
Miles
[VOL. XLVI'
THE CHRONICLE
380
Construction acc’ts.
Add’t’l equip, acc’t..
Miscellaneous
Balance, surplus..
Milwaukee Lake Shore &
850,685
4b,176
Western.
(For the year ending December 31, 1887J
of President, Rhinelander shows
The annual report
lowing results of operations
in 1887 :
the fol¬
March
THE
24, 18b 8.]
CHRONIC LE
38 L
per ct.
Tnere was paid $460,000 to the Kentuckv
& Inhana Car
T'U^t Company, being final
payment for $600,000 8 per cent
Rate per ton mile decreased
bonds guaranteed by L. N. A. & C. RR. Co
The second mort¬
Passenger earnings increased
35 5
gage honds have been re'ired since
Number of passengers carried one mile increased
January
1
1888.
53*0
Rate per passenger mile decreased
Tne rental to Chicago Sc Western
Indiana RR. Co. has be?n
11*5
further
The great increase in volume of traffic
reduced by the operation of the sinking fund.
required a larger Against slightly
this rental revenue will this
addiiion to rolling stock and facilities for
year be derive 1 from
the
business
handling
this property on account of its
at stations and yards than was
use bv the Atchison
anticipated at the dat^ of the & Santa
Topeka
Fe RR.
last report; and the reduction in rates
resulting from com¬ i rent 1, and its share That company will pay $100 000 annual
of expenses.
petition and legislation, as shown above, and which seems
The L. N. A. Sc C. Rad way
likely to continue in the future, made it necessary to provide | will have a net gam of say $25 000 from this, as it owns onofifth of the stock of the C. & \V. I. RR.
at once for such improvements as would
tend to increased
The L N. A. & C. Railroad which was
economy in operating. To provide means for these additions
four years ago in
and improvements, the issue of debemuro bonds
very
bad condition has now been substantially rebuilt, the
was made.
The new mines opened and new saw-mills built on
the line report says, an < is for the first time for many years in con¬
required heavy outlays for spurs, side tracks an<i logging roads, dition for economical operation. The process of reconstruc¬
tion is shown by the following
and also for increased acc imocUtion in the
comparison of netearning-L fn
yards.
1884 $199,292, in 1885
The increased weight of engines, and increased
$348,418, in 1886 $640,661 and in 1837
weight and
’
capacity of cars required in the traffic, have made it necessary $805,925.
The full benefit of the more recent
to replace or
strengthen many bridges, and to improve gener¬
improvements and
ally the road-bed on the whole line. Liberal repairs and additions has not yet been felt, and will doubtless produce
renewals have been made.
Much of the old rolling stock has better results in 1888.
been rebuilt and
INCOME ACCOUNT.
strengthened, and its carrying capacity in¬
creased ; all of which has been
1885.
1«86.
1837.
charged to operating.
Gross earnings
An extension from Rhinelander in a
$1,680,454 $1,919,139 $2,295,623
northwesterly
direction
Operating
expenses
1,332,035
1,273.528
1,489.698
has been begun with the
object of developing a region heavily
Net earnings
timbered wiih pine, which, when
$348,418
$640,661
completed to Hurley, 75 P.c. of
$805,925
op. ex. to earns
miles, will shorten the line to that point from Monico
79-27
66*62
64 89
Junction
Freiglit earnings increased
Tonnage carried
one
39-0
67-5
17*0
mile increased
,
-
on
the main
•
line, 23 miles.
Expenditures
were
male
as
follows in 1887 for
ments, new work and betterments
Ore and eommereial docks
New buildings and bridges
176. i67
Machinery, telegraph lines, &c
80,2*;3
Total
$1,550,794
statistics for three years of traffic,
&c., compiled for the Chronicle, are given below : earnings,
.
Comparative
Operations—
OPERATIONS AND FISCAL RESULTS.
1885.
1886.
533
562
No. passengers cariied
No. passengers carried
mile.
1887.
593
303,265
396.644
..11,It 6,341
16,064 836
..
one
Average rare per pass, per mile..
3*25c.
315c.
N#. tons carried
1,464.9 2
No. tons carried one mile
..50,941,940 105,610.560
Average rate per ton per mile....
1-822C.
l*649c.
Earnings from—
Freight
Passengers.
Mail, express, &c
..
..
Total earnings
Operating expenses and taxes....
Net earnings
..
..
Per cent of op. exp. to
earniDgs
...
$
928,118
362,708
74,452
941,388
420.890
69-17
1885.
$
420.890
..
9,529
Total net. receipts
Interest paid (including incomes)
Rental and miscellaneous
..
..
4 30,419
342,64 8
24,197
Total
63,574
24,606,643
2*78o.
2,023.797
176,999,974
l*367c.
$
2,420,330
685,790
2
317,-02
1,322,602
3,180,681
1,940,353
9^5,200
1,240,323
57*C6
61*01
1886.
$
74,561
1887.
995,200
36,181
$
1,240,323
47,733
1,031,381
4s0,271
26,910
1,288,056
517,687
507,211
Surplus
Dividends
558,630
$
1,742,458
505,999
69,345
INCOME ACCOUNT.
Net earnings
Other receh ts
524.170
175,000
31,307
548,994
739,062
450,000
3^ on pref. 7 on p. 4 cm.
Rate of dividend
Balance
63,574
349,170
Of this balance $155,000 was used for
redemption of funding notes
and bonds, leaving $15 4,000 to be carried
forward.
GENERAL BALANCE, DECEMBER 31.
1885.
1886.
1887.
Assets—
$
$
$
Cost of road and equipment..
.15,031,006 15,728.786 16,9*2.829
Materials and fuel
82,215
Advances
83,757
330,9 4 4
Cash accounts
38,481
25,750
Miscellaneous
Total assets
Liabilities—
Stock common
Stock pref
Funded debt
Accrued interest, not due
Const uetii-n and equip, loans....
Vouchers,
Dividends
pay rolls, &o
Bonds redeemed
Bills payab e
Income account
120,447
118,053
269,259
95,787
194,981
92,5" 5
331,027
206,502
.15,592,153
16,332 332
17,787,844
1,900,000
2,or 0.000
5,000.0o0
8,261,000
126,727
50,000
182,*50
2,00r,000
5,000,000
9,*^<2,1 00
175,000
25 *,0( 0
..
..
..
..
..
7,797,0d0
* 114,310
132,500
121,173
2*20,000
ou ear
Total
217,951
50,000
$461,533
223,6(9
50,000
$549,814
$637,251
—$288,832
$735,407
-$94,747
$S03,455
-{-$2,469
trust bds
charges
Balance
223,641
25,000
St. Paul & Duluth Railroad.
(For the year ending December 31,1887.^
The President, Mr. W. H. Fisher,
says in his report that
“the gross earnings would have been
considerably larger,
with no perceptible
prop rtionate increase in operating ex¬
penses, had there been sufficient tonnage on the Lkes.
The
revival of iron industries having
greatly increased the demand
for iron ore, a very
large percentage of the east bound lake
chartered the entire season of navigation for the
trai sportation of this
product. There are some new boats
being constructed, which we hope will afford relief another
season.
The increase in operating
expenses was caused by a
general advance in the price of both labor and material.” * *
“There wus expended during the
year for improvements,
betterments, new motive power and rolling stock,
$1,287,791,
and received for right of
way, materials sold and charges
refunded, $£8,773, which is deducted, together with the land
and stump ige income, $546,537, in accordance with
the resolu¬
tion of the
stockholders’meeting of June 20th, 1887, providing
for 4 the temporary
application of the income frun lands and
stumpage io necessary improvements,’leaving a balance of
$702,480, which has been charged to cost of road and equip¬
ment.”
tonnage
The
below
was
earnings,
:
expenses and income for three years were
as
EARNINGS AND EXPENSES.
1885.
$
237.678
Earnings from—
Freight
Mail, express, &c
Total earnings
Operating
Net
expenses and taxes
earnings
Per cent of op. expenses to
1,381,212
910,IT 0
1,558,086
927,295
1,694.339
471,042
630,791
65*89
59*51
522,0-0
69*18
INCOME ACCOUNT.
1885.
Net earnings of RR
Receipts from lands and stumpage.
Interest, rents,.&c..
Total receipts
Disbursements
350.000
1886.
$
396.025
1,257,814
40.500
1,172,259
1887.
$
471,042
201,414
630,791
163,057
21,177
24.142
522.080
541.926
24,852
693,633
817,990
1,088,858
50,000
50.000
54,051
$
$
—
Interest
Renta 8
Dividends
Rate of dividend
135,726
If 87.
1,112,854
30,679
earn’gs.
Receipts—
1886.
$
285,990
1,241,251
30,845
Passengers
*309,062
*
Cash
lnt.
$540.6^2
5 5,989
237,323
Equipment
$369,300
Rentals, ins. <fc taxes
improve¬
:
Construction of branches and improvements
Miles of road
'educt—
Interest
50,000
48,875
324,531
on pf.
7
51,147
374,766
7
on
496.114
pf. 7cm .,3one.
Total disbursements
423.406
475.913
Balance, surplus
600.165
270,227
342,077
488,693
GENERAL INVESTMENT NEWS.
256,056
375,COo
Atchisrn Topeka & Santa Fe.—The rail for the annual
meeting
of the Atchison Topeka Sc Santa Fe Railroad
316,755
154,062
Miscellaneous
13,450
Company, to be held at Topeka, May 10, is issued, and with
it the notice of a special meeting of the stockholders to
Total liabilities
15,592,153 16,332,332 17,787,844
be h*ld at tho same place immediately after the annual
Louisville New Albany & Chicago.
meeting. This special meeting is for the purpose of act(For (he year ending December 31, 1887J
irg upon all leases and other contracts with and invest¬
The preliminary report of this
ments in other railroads and corporations which have been
company from the annual
report of the President. H<>n. William Dowd, states that the authoriz d by the directors since the Lst annual meeting of
Orleans W« st Baden & French L ck
Springs Railway Com¬ stockholders, June 20, 1887.
On a suhequent page will be found the full text of the
pany was form ally opened in May, 1887, and
practically com
menced business in August.
Its net earnings during the company's apDlicati* ns to the Stick Exchange on the recent
remaining months of the year were ab ut 3 p r cent on its listing of bonds. These applications contain mu^h detailed
cost.
The Bedford & Bloomfield Railroad
yielded net earn¬ information, and will be found very useful in the Chronicle
files for ref* ren*e.
ings $15,719, or 7 85 per cent on i's cost, as well as incre
sing
earnings on mainline from its traffic at Bedford Station, 38 7p.c.
§7$^ For otfitr railroad news seepages 371 and 385.
..
..
134.050
3T9.*64
—
THE
382
itepotts
ILLINOIS
CHRONICLE
anti
CENTRAL
REPORT OF THE
documents.
RAILROAD COMPANY.
DIRECTORS TO THE STOCKHOLDERS
FOR THE YEAR ENDED DECEMBER
The gross sum received by this Company
In 1886 the gross sum received was
The net earnings of the
And in 1886
[VOL. XLV1.
31, 1887.
$13,033,383 57
from traffic during the past year has been
12,529,493 15
4,919,439 97
4,738,952 35
railroad in 1887 were
-
received from all sources during the past year has been :
shown in last report
The available sum
Surplus Dividend Fund, as
302,782
4,919,439
46,175
489,235
Traffic
Lands..
New York Office
27
97
65
14
$5,757,633 03
From that
sum
there
were
paid
:
$911,760 00
1,376,139 21
Bonds drawn under Sinking Fund and Interest on Debt
Rental of Chicago St. Louis A New Orleans Railroad
Permanent
improvements
$2,287,899 21
5 ?3,377 20
.
$2,886,356 62
Leaving
Out of which there have been taken :
The dividend
$1,050,000 00
1,400,000 00
paid September 1, 1S87, 3L> per cent on $30.000.000.
payable March 1, 1888, 31e per cent on $40,000,000
And the dividend
There have been carried forward to
2,871,276 41
—
Surplus Dividend Fund, to be held applicable to the next
2,450,000 00
$436,356 62
succeeding dividend
termination of the lease of the Dubuque
lease would have entailed a
due notification of their
of the Illinois
the Iowa Falls & Sioux City
Dububue & Sioux City
Railroad, and being then unable to make satisfactory new arrangements with the owners of the latter, a majority of the
capital stock of the Iowa Falls & Sioux City Company was purchased at $50 per share and payment therefor made in April
and following months.
The announcement of this purchase elicited an offer from the owners of a majority of the shares of
the Dubuque & Sioux City Railroad to sell the same,which was accepted, and payment made on October 1 at $91 60 per share.
Other shares of each company were bought at lower prices. Full details thereof will be found in the accompanying abstracts.
By a circular letter issued April 16, 1887, these purchases were brought to the attention of the stockholders of the Illinois
In their reports for the years 1883, 1884 and 18S5 your directors alluded to the
& Sioux City Railroad on October 1, 1887, and to the loss arising thereunder.
A renewal of the
continued loss, and your directors, in March last, renounced the option of renewing and gave
decision.
The lease therefore expired, in accordance with its terms, on October 1, 1887, and all commitments
Central Railroad C mpany created by the lease came to an end.
The business to and from
Railroad (the western portion of the Iowa Division) furnished nearly one-half of the earnings of the
Central Railroad Company, and were approved by them on June 17, 1887.
The claims of the Illinois Central Company for betterments made during the lease, and for real estate granted
lessor companies, have been settled by arbitration, and obligations of the Dubuque & Sioux City Railroad Company,
the Iowa Falls & Sioux City Railroad Company, respectively, taken for the total sum, which is $912,624 59. The leases of
Iowa roads restricted the allowance for betterments to certain specified items, and therefore it became necessary to write
by it to
and of
the
off
against “ Profit and Loss ” the difference between the amounts heretofore charged to “ Permanent Expenditures in Iowa,”
and the sum of the awards of the arbitrators.
This produces an apparent though not a real diminution in the surplus of
$654,459 51. During the last three months of the year 1897, the Dubuque & Sioux City Railroad Company operated its rail¬
way
and that of the Cedar Falls & Minnesota ; and the Iowa Falls & Sioux City Company
Those companies have reported their earnings as follows :
operated its railway.
$270,661 71
Dubuque & SJcnx City
Iowa Falls A Sioux City
242,241 86
Total for three months
These
earnings form
no
part of the
$512,903 57
,
gross
They, however, full y
receipts of the Illinois Central Railroad Company.
justify the dividends of one per cent, made by the Dubuque & Sioux City Railroad Company for the quarter ended December
31st, and of five eighths of one per cent made by the Iowa Falls & Sioux City Railroad Company. A continuance of divi¬
dends at these rates will return five per cent upon the cost of the shares.
Further purchases of shares and of bonds of the Mississippi & Tennessee Railroad Company have
exhibi ion of which is presented in the accompanying papers. This investment promises to be remunerative.
The reduction of the rent of the Chicago St. Louis & New Orleans Railroad by $131,048 77, and the increase
been made, a full
in the earn¬
ings of the Southern Division, have made the return from the latter even more satisfactory than in former years. A contract
has been entered into by the Chicago St. Louis & New Orleans Company for the construction of a bri ige across the Ohio
River at Cairo at a cost of nearly $2,500,000, which has been guaranteed by your company. It is believed that the contractors
will fulfill their obligation to finish the bridge by December 31st, 1889.
The construction of the Chicago Madison & Northern Railroad is approaching completion.
It has been built in a sub¬
stantial manner, and that portion lying between Freeport and Chicago will undoubtedly command a large tonnage.
A
branch from this road has been undertaken to Dodgeville, in Wisconsin, some 57 miles in length.
In order to increase the earnings and usefulness of the railway in Iowa, there have been built the Cherokee & Dakota
Railroad, from Cherokee northward to Sioux Falls, and southward to Onawa, 155 miles, and the Cedar Rapids & Chicago
Railroad, from Manchester to Cedar Rapids, 42 miles. The track of those, roads has been laid throughout, and will be opened
for traffic within a few weeks.
The Rantoul Railroad, 76
miles, has been altered from the narrow gauge of three feet to standard'gauge.
During the year 1887 the West & Fast Railroad was merged into the Yazoo & Mississippi Valley Railroad.
During the year 1837 no Bonds of the Illinois Central Company or of the Chicago St. Louis & New Orleans
were
Company
sold.
Improvement Fund” to which was credited the proceeds of the $1,000,000 of stock issued in accordance with
18, 1887, has, as foreshadowed in the last report, been used to pay for the
elevators in Chicago and for equipment for branch lines.
The elevators have been leased for five per cent on their cost, the
tenant paying taxes, keeping the buildings insured, and making all ordinary repairs.
During the year other outlays on Capital Account, not to be paid from income, have been made as follows :
The “
resolutions adopted by stockholders on January
Iowa Division, prior to October 1st
Dubuque A Sioux City R. R. Co. shares
Iowa Falls A Sioux City R. R. Co. shares
Yazoo A
Mississippi Valley Railroad
Chicago Madison A Northern Railroad...,
South Chicago Railroad
Chicago Havana A Western Railroad
Rantoul Railroad
Cherokee A Dakota Railroad
Cedar
Rapids A Chicago Railroad
$81,11G 46
$3,803,852 87
2,243,152 21
6,052,015 08
4,139 27
4,795,000 00
3.825 49
433,140 04
154,583 83
T,842,500 00
482,113 58
#
7.715,302 2.1
$13,851,433 75
March 24,
1888.]
THE CHRONICLE
3 S3
Of this sum, the increase of the
capital of the company, in pursuance of resolutions adopted
1887, provided ten millions of dollars. The remainder
by the Stockholders June ITr
will, as intimated in a circular letter calling that
be met by an issue of bonds of the
meeting of Stockholders,
company, based on arrangements, made since the first of
in trust, of the entire authorized
January, 1888, for the deposit,
issue of the First
Mortgage Five Per Cent Gold Bonds of the
Canton Abderdeen & Nashville, the Yazoo &
companies : The
Mississippi Valley, the Chicago Havana & Western, the following
& Chicago, the Cherokee &
Rantoul, the Cedar Rapids
Dakota, and the Chicago Madison & Northern, as
millions of dollars of Four Per Cent Gold
security for an issue of not exceeding fifteen
Bonds of the Illinois Central Railroad
Company, payable in 1952.
pledged are issued at a rate not exceeding
The bonds so
railway.
Exclusive of interest, the sum oftwenty thousand dollars per mile, and they are a first lien upon 859 miles of
money advanced by the Illinois Central to those
tion and equipment of their
companies for the construc¬
railways, prior to Dec. 31, 1887, was $14,495,034 71.
Further advances are now
complete those roads.
Since January 1, 1888, a
being made to
portion
Cent
of these Four Per
Bonds have been sold,
their proceeds are shown in
but neither the
Balance
Sheet
accompanying
for
1887.
causes reduced the net
earnings
the past year, a recurrence of which is not to be
coming year; among these are the payment during
expected during the
of rent for the Iowa Division for nine months, the
several millions of dollars in the
concurrent locking
shares of the Iowa
companies during: the six months from April to October without r* up of
dividends for that half-year, and
entire cost of transporting the rails, ties and other
ceiving
lastly
the
construction of some four hundred miles
materials required for the
of railway,
having
been
included
in
the
expenses of operating your
But, nevertheless, the Illinois Central has been enabled
railway.
to declare and pay two semi-annual
cent on its entire
dividends of three-and-a-half
capital, which has been during the year
per
enlarged by ten millions of dollars.
The attention of the Stockholders is
called to the Reports of the
General
to the
Manager and of the Land Commissioner and
accompanying Balance Sheet and Abstracts, wherein the
gratifying fact is apparent that the earnings of the 707
constituting the Illinois Central Railroad as chartered
mile's,
by the State of Illinois, have been greater in the year
in any since 1872, when the
so-called “ Trunk Lines ”
just ended than
began to divert to the Atlantic ports your traffic in grain,
that time, had formed the
wbicli, until
principal source of income. This increase is chiefly due to the
acquisition and building of branch
lines, and to the consequent development of new and varied
sources of income,
By order of the Board,
bonds
nor
Several
SIDNEY
ROBERT
WEBSTER,
GOELET,
S. VAN RENSSELAER
WALTHER LUTTGEN,
York, March 7th, 1888.
B. F. AYER,
OLIVER
CRUGER,
JOHN ELLIOTT,
HARRIMAN,
STUYVESANT FISH,
LEVI P.
MORTON,
EDWARD H. HARRIMAN,
New7
WILLIAM WALDORF ASTOR.
RECEIPTS FROM, AND EXPENSES
OF, OPERATION OF THE ILLINOIS CENTRAL RAILROAD.
1
f
1887,
including i
Iowa lines.
Earnings—
Freight
Passenger
2,014,831 92
Rent of ti acks
Switching
Storage, dockage and Cairo wharf boat..
privileges
Telegraph receipts
Train
over
213,024
27,762
99,283
141,161
61,380
42
64
34
85
46
4,347
7,353
4,412
5,860
81
93
89
82
13.353 25
other lines
457,383 93
earnings
$9,427,657 20
Operation Expenses—
Legal expenses
Insurance.
of way
structures and
“
Sleeping
equipment
property...
Telegraph
expenses
Track service
Switching
19,072
9,936
27,886
242,371
66,547
Air Line
Mound Citv Railway
New Orleans Belt RR
Compressing cotton
Railroad hotel expenses
“
251
Total operation expenses
19
66!
74!
7,722 60
2,388 38; j
S06
Decrease.
.
2,661,057 37
302,845 77
277,161
39,769
130,349
194,208
82,528
5,591
9,263
6,591
11,574
18,512
21
83
06
12
34
28
97
16
11
35
622,759 95
$8,332,150 60 $336,020
2,529,631 951 134.425
295,375 22
7,470
276,002 89;
1,158
40,534
99,68n
193,717
60,715
4,794
12,082
5,384
7,040
10,428
661,354
02
88
36
35
66
34
39
98
10
41
45
42
55
32
30,668 18
$764 ]<>
490 7o
21,812 99
796 62
2,818 37
1,206 77
3,933 13
8,084 25
38,594 46
42
457,513 95|
i
Total operation expenses and taxes..
$5,797,823 86
Excess of earnings over
expenses
Rental Iowa leased lines...*.
$3,629,833
471,110
Net receipts from operation
297,136 05
286,002 44
93,546 32
45,958 73
117,028 35
1,315,727 73
209,789 45
1,223,978 58
1,172,042 21
1,877,525 29
86,014 71
4 8,028 85
12S889 92
7,531 61
1,179,429 72
136,298 01
58,495 15!
84,314 951
174,556 56
28,046 31
8.043 01
4,052 00
5,423 71 1
191,900
1,116,187
1,075,325
1,696,241
go;
49
67
26
48,251 56
i
j
.....j
6,641 19
3,522 36
5,701 99
1,899 80
44,767 85
11,311 01!
20,780 481
9.301 42 i
13,719 14:
10,243 59
i
2,009 59
7,0(51 31
$1,845,009 60
$7,642,833 4(5
77
$5,390,550
$1,760,716 77
$7,116,163 26 $526,670
111 $5,413,329
471,110 14 j
$4,919,439 97
89'
671,377 54
32,994 51
11,505 38
3,664 60
1,402 42
$7,011,019 12 $6,540,704 40 $470,314 72
631,814 34 j
575,458 SG|
56,355 48
141
2,070 12
8,861 57
17,888 85
$1,670,709 21 j
174,300 39
3,062 36
19,824 49
107,791 09
96,716 54
181,284 03
117,309 46’
163,051 18'
24,381 71
3,210 84!
4,680 04
1,731 24
82|
501 09
341 $1,760,716
$3,158,723 20
294,073 69
266,177 95
1,333 251 j
771
$5,340,309 91
Taxes.
351
485,390 28
15,838 90
11,100 76ij
42,221 90
7,259 OH
15,356
20
24
42
77 j
288.552 56i
308,766 04
23
2,104 02j
3,347 39!
1.230 15;
Cairo wharf boat...
“
Increase.
$3,605,726 37 $13,033,383 57 $12,520,493 15 $503,890
68,184 47
42,656
73,214
132,334
20,323
5,655
(net)
Operating St. Charles
79
29
72
27
88
1,243 47
1.910 04
* 2,178 27
5,713 29
5,159 10
165,376 02
62,612 47
935,426 02
863,276 17
1,392,135 01
car expenses
cars
45
99
225,889 22
1,073,355 96
143,242 10
Station expenses
Train expenses
Mileage of
| including Iowa
lines.
203,565 48
74.474 12
36,022 49
89,141 93
damages
“
Months,
1886,
1887.
$2,521,564 89 j $8,668,171 05
649,225
71,951
64,136
12,007
31,065
53,016
21,147
12
,
.
Claims and
Months,
I
Salaries
General expenses
Maintenance
1887, excluding
230,893 78
Express
Bleeping cars
Rent of property
i
12
Iowa lines.
$6,146,606 16
Mail
Total
j
i
^
Compressing cotton
Railroad hotel
Inter-State transfer and
!
9 Months,
3 Months,
Jan. 1 to Sen. 30, Oct. 1 to Dec. 31,
44,767 85
20
$
i
i
$1,738,952 35 $180,487
311 52
1.021 35
3 68 56
$22,779 78
203,267 40
G2|
GROSS EARNINGS BY DIVISIONS.
i
0
3 Months,
Months,
to Sep. 30, Ocl. 1 to Dec.
31,
1S87, including 1837,excluding
i
Jan. 1
Iowa lines.
Illinois Central proper
Rranelies in Illinois
Inter-State transfer and
over
;
Southern lines
Dubuque &
Sioux City...
Iowa Falls & Sioux
City.
Cedar Falls
Minnesota
Grand total
,
Iowa lines.
,
12 Months,
1886,
including Iowa
\
|
,
Increase.
:
$5,449,153 82 $542,134 84!
616,885 93j 285,299 25;
639,835 59]
641,566 40;
!
902,185 18
;
$5,491,189 29
$2,012,420 14
$7,533,609 43
$6,707,606 21 $826,003 22
2,771,121 14;
1,563,306 23
4,334,427 37!
4,068,581 06! 265,816 31
487,879 56 i
85,873 38;
$1,105,346 77!
...!
$9,427,657 20i $3,605,726 37
Decrease.
j
$5,991,588 66
591,593 83;
|
12 Months,
188 7.
lines.
$ 1,348,177 07 $1,613,411 59
071,052 (55 j
231,132 53
471,959 57i
167,876 02
other lines
Total Illinois....
Total Iowa lines..
,
j
31!
.j
591,593 83
487,879 56
j
636,646 80*
i
85,873 38,
168,851 74j
j
j, $1,165,346
L$13,033,383
77
947,807
$1,753,305
j $356,213
88j
57 $12,529,493 15 $503,890
$1,730 87
51
148,767 24
82,978 30
$587,959 11
421
THE
384
[Vol. XLYI,
CHRONICLE.
APPLICATION OF
INCOME.
$302,782 27
31,1886, as shown in last report ...
in 1887, as shown in Abstract
Burplus dividend fund December
Net receipts from operation of railway
Net receipts of land office
Net Receipts in New York—
Interest on investments, di vidends,
Less ttxed
charges of
&c
railroads, the earnings
$4,919,439 97
46,175 65
K”.
* * *: • v *; v • v,',* *"/ ’A.*' T ’ i
$850,685 14
361,450 00
!
of which are included in Illinois Central earnings
5,454,850 76
489,235 14
$5,757,633 03
$861,760 00
50,600 00
sinking fund bonds of 1903, drawn lor payment..
due Jan., 1888
1887, and January 1888
Sterling exchange premiums, salaries of trustees and others
Interest on bonds of I. C. RR. Co
Illinois Central 5 per cent sterling
Bent of C. 8t. L. A N. O. RR Interest on bonds, including coin ons
Dividends on leased line stock July,
Illinois
Construction account Southern Division.
Construction account in
applicable to next succeeding
Illinois Central
proper.
"Water works
New sidings
Catt e guards
135 00
433 44
26,446 40
5,791 18
35,091 01
$7,024 40
$6,383 38
25,264 97
2,491 40
237 72
2,025 90
13,575 72
234 00
1.916 21
14,241 29
1,211 32
36,302 33
21,120 79
684 63
819 70
*
92,966 24
cars
26,990 80
$162,097 52
Total
$7,892 93
Illinois Central proper.
Springfield division....
6,357 53
16,683 91
51,611 59
133,802 10
92,966 24
26,990 80
$583,377 20
113,386 75
EXPENDITURES IN IOWA,
DUBUQUE & SIOUX CITY RR.
AND IOWA FALLS &
31,1886 (see last Report)
1 to Sept. 30, 18S7 (see table above)
Total permanent expenditures Iowa division, during term of lease
(Being a yeai ly average of $78 354 1H100 lor each of 20 years.)
Written off to profit- and loss, being the amount expended for betterments, other than those stipulated in the leases
|
to be paid for bv the lessors within 12 months from the end of the term of lease October 1, 1887
Claims against lessor companies, as adjusted by arbitration, payable October 1, 1888, with interest:
Dubuque A Sioux City RR. Co. (see below)
$669,077
Sioux Citv RR. Co. (see
Iowa Falls A
Total shares
Co. to I. C. RR. Co.
for
charged to Dubuque A Sioux
Iowa Falls & Sioux City RR—
Cost of stock of I. F. A S. C. RR.
Due by I. F. A S. C. RR. Co. to I.
real estate (see above)
$1,567,084 10
$654,459 51
10
243,517 49
below)
Dubuque & Sioux Citv RR.—
Paid October 1, 1887, for I). A S. C. RR. Co;, stock
months' interest at 4 per cent
Cost of other stock, bought from time to time.
Due by 1). & s. C. RR.
estate (see above)
bought at $80 per share, and 6
32,6^0 shares ® $81 go100
15,538 shares @ 73 bi 100
48,218 shares Tt $78
betterment made during Hie lease as therein provided, arid for real
i.
$2,666,688 00
1,142,174 87
$3,808,862 87
669,077 10
$4,477,939 97
$19 t^ioo
C. RR. Co., for betterments made during the lease as therein
/
..
Co., bought from time
to time; 45,376 shares Tv
$2,243,152 21
provided, and for
243,547 49
$2,486,699 70
balance sheet
From their respective earnings for the three months, Oct. 1 to Dee. 31,1887:
The Dubuque A Sioux City RR. Co. paid a dividend of 1 per cent on its stock, amounting on the shares owned
bv the I. C. RR. Co. to
And the Iowa Falls A Sioux City RR. Co. paid a dividend of 5$ per cent on its stock, amounting on the shares
City RR.. in general
.*
included in “Net Receipts N. Y. Office,” shown
the I. C. RR. Co. to
These amounts are
•
of Cairo Bridge
28,360
OOj $77,478 00
ASSETS.
1
£5,562,000
Co. 3^2 per cent sterling bonds of
/
.
..
value $615,100
bonds"! f Mississippi A Tennessee RR. Co. at cost, par value $1,610,000
bonds of the Iowa Falls A Sioux City RR. Co. at cost, par value $460,500...
par
*49.118 00
'
table.
in “Application of Income”
1951, at par
<£1,000,000 Illinois Central RR.
C. St. L. A N. O. RR. Co. 5 per cent gold bonds of
(Of these $5,000,000 are pledged to secure
1950)
C. St. L. A N. O. RR. Co. stock, at 80
Advances to C. St. L. A N. O. RR. Co. on account
Stock of Mississippi A Tennessee RR. Co. at cost,
8 per c» lit
7 per cent
1,567,084 10
912,624 59
Citv RR. in general balance sheet
charged to Iowa Falls A Sioux
owned by
SIOUX CITY RR
'$1,482,967 64
84,116 46
expenditures Iowa division, Dec,
expenditures Iowa division, Jan.
Amount now
$667,493 66
84,116 46
expenditures, Iowa.
Charged to permanent
Amount now
$687,493 66
$84,116 46
$469,990 45
Total in Illinois.
Southern lines
Permanent
Permanent
673 86
595 06
819 70
$462,097 52
7,892 93
Charc.fd to Income—
PERMANENT
572 25
3,8«<5 51
3,120 88
$583,377 20
$113,386 75
00‘
1
112,160 00
322,518 33i
569,213 62'
1,821.868 13.
555.308
SS.943.068 21
13
.
i
j
,
Cash
Other assets
Coupons and dividends due Januarv 1, 1888
Coupons and dividends overdue,
unclaimed
Net liabilities Chicago office
Other liabilities
and
*
.
1... i
409,180 00
196,615 74!
119,416 77!
77,290
464,227 65
740,996 21
i*10,148,292
3.575.000 00
Less Liabilities—
Bi Is payable
72
57,423 12
-
25
<3
86
06
70
133,8^2 10
92.966 24
26,990 80
10
133,802
*
freight cars
471
78
47
49
37
94
15,491 93
14,241 29
6,367 53
16,683 91
51,611 59
6,3B7 53
16,683 91
51,611 59
Park track.
Washington Driving
Equipment—
New locomotives
*
8,490 47
40,«>17 47
5 60
572
6-4
673
595
819
$13,407
115,089
64,220
3,751
48,507
853 07
7,779 89
90 50
481 75
whole line.
30th Sept.
114,236 40
38,955 52
1.259 97
673 86
59 5 06
Thirteenth Street pier
Sixteenth Street pier
New main track
Now
83 88
656 93
84
10,892 89
Ballasting
Right of way
Widening roadway
Filling at Weldon
Filling at car works
626 53
Total
Iowa lines to
and Soih’n lines.
$1,730 04
83,171 48
16,061 46
$310 75
200 00
Steel rails
New passenger
Southern lines.
22,759 06
148
and crossings
Total Illinois
division.
30,754 17
Fencing
533,377 20
EXPENDITURES.
Springfield
$5,294 36
Bridging
Station grounds
Station buildings
$469,990 45
113,386 75
dividend.
PERMANENT
Construction—
1,376,139 21
$1,050,000 00
1,400,000 00 2,450,000 00 5,321,276 41
$436,356 62
1887, on Illinois Central shares.
Dividend March, 1888, on Illinois Central shares
Dividend September,
Burplus dividend fund,
973,025 00
400,000 00
3,114 21
03!
!-
07
1,377,502 54
$5,770,789 53
March 24, 1888.]
THE
CHRONICLE.
385
IMPROVEMENT FUND.
As stated in the report for 1886,
$1,000,000 of stock of the company was issued,
adopted by the stockholders January is, 1887, at say $136 per share of $100 in accordance with resolutions
This stock was entitled to and received the dividend
paid March 1,1887, 3^2 per cent on
$1,010,000
Net proceeds credited to
Disposed of as follows:
.
$1,361,040 13
35,000 00
improvement fund
$1,326,040 13
Elevators in Chicago, see Report for 1886
Equipment for branch lines:
During 1886, st-e Report for 1886
During 1887
$462,255 94
$235,544 49
628,239 70
863,784 19
$1,326,040 13
GENERAL BALANCE SHEET.
Permanent Expenditures:
Illinois Central RR
$34,000,000 00
1,600,000 00
Springfield Division
Middle Division
South Chicago RR
Chicago Havana & Western RR
93
00
58
68
00
1,432,858
217,904
1,801,022
511,212
5,540,000
28,000,000
Rai toul RR
Chicago Madison A Northern RR
Chicago St. Louis & New Orleans RR
00
1,892.639 82
Canton Aberdeen ANashvi leRR....,
Yazoo & Mississippi
Valley RR
Dubuque & Sioux City RR
Iowa Falls & Sioux
City RR...
Cherokee A Dakota RR
Cedar Rapids & Chicago RR
Working stock of supplies
Net assets
Assets in insurance fund
Capital stock of Illinois Central
RR. Co
Funded Debt:
6% sterling bonds of 1895, £500,000
6% Springfield Div. bonds of 1898
5% siuk. fd. bonds of 1903, £780,000
5% sterling bonds of 1905, £200,000.
5% Middle Division bonds of 1921..
sterl. bonds of 1950, £1,000,000
4% first mort. gold bonds of 1951
3*2 first mort. gold bonus of 1951....
Past due and called bonds...
..
2,261,363 63
4.477,939 97
2,4-6,699 70; Capital stock of Chic. St. L. A N. O. RR. Co.
1,842.500 00 Funded debt of C. St, L. A N. O. RR. Co.:
482,113 58
8% bonds of 1890, N. O. J. A Gt. N.
792.543 28
5,770,789 53
14,041 54
RR. Co
7% bonds of 1897, C. St. L. A N. O.
6% bonds of 1907,
do
do
5% gold bonds of 1951, C. St. L. & N.
O. RR. Co
$40,000,000 00
$2,500,000 00
1,600,000 00
3,850,000 00
1,000,000 00
968,000 00
5,000,000 00
1,500,000 00
2,496.000 00
12,000 00
IS.920,000'00
10,000,000.00
1,480.000 00
1,397.000 00
80,000 00
15,037,000 OO
6,000 00
....
Past due and called bonds
18,000,000 00
1,40 ,000 00
436,356 62
:Set apart for dividend March 1, 1888
Surplus dividend fund.
Profit and loss
Insurance fund
[$93,123,629
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
Boston, Mass., March 1st, 1888.
The Atchison Topeka & Santa Fe Railroad
Company hereby
makes applicaoon to have
placed on the regular list of the
New York Stock
Exchange $10,530,000 of its Collateral Trust
Five per Cent Gold Bonds.
The company was
incorporated February 11, 1859, under
by the Legislature of th • Ter«itory of Kansas.
an
Its route is from Atchison in K -nsas to the western boun¬
miles. It also controls and operates
as part of its
system various roads in Kansas, Colorado, New
Mexico and Texas
(including the Leavenworth Northern
& Southern and Denver & Santa Fe
railways), having an
dary of that State, 470*58
aggregate mileage of 1,610*27 miles.
It also operates
separately the various roads forming
the Southern Kansas
Railway, including the Southern
Kansas Railway of Texas, 934*95 miles; the
Chicago Kan¬
sas & Western
Railroad Company’s lines, all in Kansas,
903*16
miles; the Chicago Santa Fe
Chicago and Kansas City,
Pekin, 498*25 miles ; the St. Joseph
Railroad, between Winthrop and St.
between
& California Railway
including
14,041 54
24
ATCHISON TOPEKA & SANTA FE RAILROAD COMPANY.
act passed
4,347,231 08
a branch to
St. Louis & Santa Fe
$93,123,629 24
The bonds for which
listing is now applied, and of which a
sample is herewith attached, are designated Atchison Topeka
& Santa Fe Railroad Company Collateral Trust Five
per Cent
Gold Bonds. They are numbered from 1 to
10,530, of $1,000
each—in all $10,530,000—and they have all been sold and
issued.
They are dated first of February, 1887, payable on the first
day of February, 1937, bearing interest coupons, payable
semi-annually, on August 1 and February 1, at five per cent
per annum.
Coupons are payable in Boston, or at such other
place or places as the directors may designate. Principal and
interest payable in gold coiu of the United
States, or its
equivalent. The bonds, but not the coupons, may be regis¬
tered at the office of the company, 95 Milk Street,
Boston;
and registered certificates for $5,000 each will also be
issued
at the same office in exchange for five bonds of
$»,000 each.
The bonds are secured by an Indenture of Trust with the Bos¬
ton Safe Deposit & Trust Company, dated December
1,1886,
a
copy of which is attached. By an Amendatory Agreement
(copy of which is also attached) dated July 1, 1887, the rail¬
road company relinquished its right to withdraw
any of the
Collateral Bonds on deposit with the Trustees,
substituting
therefor other bonds, as provided in Article Third of the In¬
denture of December 1, 1886.
limited to $15,600,000.
The total issue of bonds is
Joseph and St. Joseph
These bonds are not a mortgage on the railroad of this com¬
95*7o miles ; the Sr. Louis Kansas
pany, but are its direct obligation, and are secured by* the
City & Colorado Railroad, between St. Louis & Union, 60*90
deposit with the Boston Safe Deposit and Trust Company,
miles ; the Gulf Colorado & Santa Fe
Railway, from junction Trustee, whose certificate is attached, of the
with the Southern Kansas
following de¬
Railway in the Indian Territory to scribed bonds, namely:
Galveston, Texas, including branches, 1,019*44 mdes ; the New
The 81 x per Cent First Mortgage Bonds of the California
Mexico & Arizona Railroad, 87*7* miles ; the Sonora
Central Railway Company, of which there are now com¬
in Mexico, 262*41 miles ; and the California Central Railway
pleted and in operation 183*55 miles, limited to $25,000 a
Railway,
mile.
comprising various lines in California, aggregating 183*55
$4,508,000
miles.
(The California Central Railway consists of various lines
in
California,
the
completed portions of which are shown in
The Atchison Topeka & Santa Fe Railroad
Company prac¬ the accompanying map, marked
in red ink. About 75 ad¬
tically owns all the Capital Stocks of the above-named ditional
miles are also graded, and will be completed within
auxiliary companies, except what has been issued to towns thiee months, all the material having been purchased.)
The Six per Cent First Mortgage Bonds of the St. Joseph
and counties in Kansas in
exchange for local aid bonds.
St. Louis & Santa Fe Railway Company, 95 miles, 3,700
It also owns a majority of the
capi'al stock of the Califor¬
feet, limited to $ 0.000 per mile
1,U3 / ,000
nia Southern Railroad
and
Lexington Junction,
Company, whose road from Barstow,
Company, to
National City, near San Diego—210*61 miles - is operated sep¬
arately; it o 'ns, jointly with the Union Pacific Railway Co.
control of the Manhattan Alma & Burlingame
Railway Comany in Kansas, 56*62 miles, and the Leavenworth Topeka &
outhwestern Railway Company in Kansas, 46*30 miles ; and
on
it
the line of the Atlantic & Pacific Railroad
half the
capital stock of the Wichita & Western
Railroad Company in Kan.-as. 44*93 miles, the other half
being
owned by the St. Louis & San Francisco
Railway Company.
It likewise owns, jointly with the St. Louis & San Franc sco
Railway Company, a majority of all the authorized Capital
Stock of the Atlantic & Pacific Railroad
Company, 917*75
owns
miles.
All the stock of the Terminal
Company in Chicago, known
Topeka & Santa Fe Railroad Company in
Chicago, is owned by the Atchison Company.
The gauge of all these roads is four feet eight and one-half
as
the Atchison
inches.
The authorized Capital Stock of the, Atchison Company is
$75,000,000, divided into shares of $100 each, all of which has
been issued.
The bonded debt of the company is shown in a statement
hereto attached, which includes the bonds for the listing of
which application is now being made.
♦This road is constructed and in operation from the east
side of the Missouri River, opposite Atchison, Kan , to St.
Joseph, Mo., and thence to Lexington Junction, Mo, where
it connects with the Chicago Santa Fe A California *oftd.)
The Six per Cent Mortgage Bonds of the Chicago Santa Fe
& California Railway Company, Pekin Division. 52*401
miles completed and in operation, limited to $14,000 per
mile
733,000
(This is practically a first mortgage on this property.
There is an existing mortgage of the Chicago & St. Louis
Railroad Company for $1,500,000,which covers the present
line of the Chicago Santa Fe A California Railway Company
betw een Chicago and Ancona and from Ancona to Pekin, at
the rate of $11,000 per mile of completed road; but this
mortgage has been taken care of by securities for a like
amount, having been placed in the hands of the trustees to
cover the same.)
The Six per Cent First Mortgage Bonds of the Leaven¬
worth Northern A Southern Railway Company, running
from Wilder, on the Kansas City Topeka A Western Rail¬
road, through L- avenworth to a connection with the
Atchison Topeka A Sant* Fe Railroad at Cummings
Junction, all in the State of Kansas, 46*162 miles com¬
pleted and in opera ion, limited to $14,000 a mile
The Six per Cent First Mortgage Bonds of the Denver A
646,000
Railway Company, from Pueblo to Denver in
Colorado, including the Circle Railroad in Denver, 124*27
Santa Fe
miles completed and in operation,
mile
limited to $25,000
per
3,106,000
$10,530,000
THE CHRONICLE.
■£88
[Vol. XL\I,
—
the company are at Topeka,
The offices of
Kansas, and at
^5 Milk Street, Boston.
The Registry Office for Bonds is at 95 Milk Street, Boston.
The Transfer Offices for Stock are at 95 Milk Street, Boston,
•[)
3.,
the National
;.f *rchants Loan
Bank of Commerce in Nevy York and the
& Trust Company of Chicago.
EASTERN OFFICERS
:
Railway,Kansas City and Emporia Di¬
vision, 2d mortgage
Wichita A Southwestern Railway, 2d mortgage
301,000
265,000
(The above bonds are all on roads in the State of Kansas).
New Mexieo A Arizona Railway. 1st mortgage
1,070,000
708.000
1,690,000
.
WM. R. STRONG, Boston, Mass.
Auditor. JOHN P.WIIITEHEAD.Boston. Mass.
Assistant-Sec.and Assistant-Treas.GEO. L. GOODWIN, Boston, Mass.
Assistant-General Auditor....
J. T. HARMER, Boston, Mass.
Transfer Agent
A. A. GL 131ER, Boston, Mass.
resident
»’» nptrollcr and General
WESTERN
OFFICERS
$15,888,000
Total amount issued of the Atchison Topeka A Santa Fe
Railroad Company’s 6s
5..
Less canceled in accordance with the provisions of the
...
$15,000,000
sinking fund
:
C. W. SMITH. Chicago. Ill.
First Vico President. ...
Sec.Vice-Pres. and Chief Engineer A. \. ROBINSON, Topeka, Kansas.
...
General Man i»or
-.
....J. F. GODDARD, Topeka, Kansas.
Secretary and rrcasurer
E. WILDER, Topeka, Kansas.
JNO. P.
2,313,000
3,692,000
New Mexico A Southern Pacific Railroad, 2d mortgage
New Mexican Railroad, 1st mortgage ...
Silver City Doming A Pacific Railroad, 1st mortgage
Pueblo A Arkansas Valley Railroad (Colorado) 2d mort
‘
.
•
The Southern Kansas
578,000
Total amount now outstanding
The Trust requires additional collaterals
cent of the amount outstanding.
Total amount of collaterals
WHITEHEAD, Comptro’.l.r
required
$14,422,000
equal to 10 per
1,442,200
$15,864,200
Comptroller.
that the above-mentioned
JNO. P. WHITEHEAD,
The Committee recomm nded that the above-described
The Committee recommended
$10,530,000 Collateral Trust Five Per Cent Coupon Gold Bonds $2,652,000 additional sinking fund secured six per cent bonds,
Nos. 1 to 1 1.530, inclusive, and Registered Certificates for Nos. 12,349 to 15,000, inclusive, be added to amount now on
$5,0*00, into which s.iid bon is miy bo converted, be admitted list, making total amount listed to date $14,422,000 (Nos. 1 to
to the regular list.
15,000, less the numbers of 578 bonds withdrawn and can¬
Adopted h th • G)0eni;ny Cimniltee March Ittk, 18SS.
celed). •
Adopted by the Governing Committee March 14, 1883.
ATCHISON TOPEKA & SANTA FE RAILROAD COMPANY.
.
APPLICATION TO TII : NEW YORK STOCK EXCHANGE.
Boston, Mass.. March 1st, 18'8.
The Atchison Topeka & Santa Fe Railroad Company hereby
makes appl'cation to have placed on the regular list of the
New York Stock Exchange a further amount of the second
issue of the six per cent sinking fund secured bonds of the
Atchison Topeka & S mt t Fe R lilroad Company.
Colorado Coal & Iron Company.
'(For the
ending Dec 31, 1887 J
The President's report states that at no time since the incep¬
tion of this company has railway building been s > extensively
year
on in the State of Colorado as during the pist year.
This bears most favorably on the future prosperity of Colo¬
carried
“
Official information concerning the above-named bonds was
furnished to the New Y >rk Stock Exchange under date of
rado, and especially so on this company by opening up new
avenues for the free distribuii ju of its coal and iron products.’*
February 15, 1883.
The busin si of the past year has been m >st s itisfactory.
The collieries have been taxed to their fullest capacity.
The
Since the last application for listing,
issued is $2,652,000 in bonds of $1,000
to
the additional amount
each, numbered 12,349
The
provisions of the Trust require that the bonds deposited
security shall exceed by ten per cent the amount of the six
per cent sinking fund secured bonds issued, and the amount
as
required for the $2,052,000 is $2,917,200.
The securities deposited for this amount are
as
follows
Elk A Chautauqua Railroad Company, 1st mortgage
Kansas City A Emporia K tilroad Company, 1st mortgage ..
Kansas City Emporia* Southern R dhvay ompany, 2d mort.
Kansas City Emporia A Southern Railway Company, Ilowa d
extension, 1st mortgage
Kansas-Southern Railway Company,
1st mortgage
Leavenworth Northern A Southern Railway Co., 2d mort
New Mexican Railroad Company, 1st mortgage
New Mexico A So it ern Pacific Railroad Company, 2d mort.
Pueblo A Arkansas Valley rtailro id Company, 2d mortgage.
The Southern Kansas Railway Co., Girard extension, 1st M.
The Southern Kansas Railway Company, Harper and West¬
ern division, 1st mortgage
The Southern Kansas Railway Company, Kansas City A Em¬
poria division, 2d mortgage.
Wichita A Southwestern
Railway Company, 2d mortgage....
:
$24,000
150,000
141,000
100,000
05,000
508,000
811,000
12,000
"300,000
1135,000
923,000
301,000
95,000
$2,930,000
Certificate of the Boston Safe
Deposit & Trust Company
is herewith enclosed.
This additional issue completes the
ised under the Trust Indenture relating
entire amount author¬
to said bonds; namely,
$15,600,000.
By the operati >n of the Sinking Fund, as provided for in
said Indenture, $578,000 of bonds have been canceled, so that
the total amount now outstanding is $14,422,000, which will
be decreased from year to year by the operation of the Sink¬
ing Fund.
In the Indenture of Trust. Section Two, it is provided that
the bonds to be deposited as security shall be of the face value
of $1,100 for each $1,000 of the said Atchison Six per Cent
Bonds.
In Section Three of said Indenture of Trust, all of said
bonds so deposited from
the date of such deposit,
stand and be held
as a common
it is provided that the company shall have
'the right to demand and receive from the Trustees a corre¬
sponding amount of pledged securities for the amount of
bonds canceled by means of said Sinking Fund.
For convenience, 1 submit below a statement of all bonds
which are now held by the Trustees against the present out¬
In Section Seven
standing amount—$14,422,000—of the said Six Per Cent Bonds,
and also attach a similar statement certified to by the Boston
Safe Deposit & Trust Company, Trustee.
All of said bonds
thus held as security by the Trustee are in conformity with
Article Second of the Indenture of Trust.
Railroad, 1st mortgage
Harvey County Railroad, 1st mortgage
Kansas City A Emporia Railroad, 1st mortgage
Kansas City Emporia A Southern Railway, 2d mortgage...
Kansas City Emporia A Southern Railway, Howard exten¬
.Elk A Cliautauqua
sion. 1st mortgage
Kansas City A Olathe Railroad, 1st mortgage
Kansas Ciiy Topeka A We tern Railroad, 2d mortgage
Kansas Southern Railway, 1st mortgage,
Leavenworth Northern A Southern Railway, 2d mortgage.
Manhattan Alma A Burlingame Railway, 1st mortgage.....
Marion A McPherson Railway, 2d mcr gage
Marion A McPherson Extension Railroad. 1st mortgage
The Southern Kansas Railway, Girard Extension, 1st moil.
The Southern Kansas Railway, Harper and Western exten¬
sion, 1st mortgage
tal output of
the matter of the United States Government vs. The Colorado
Coal & Iron Company, the judgment of th^ lower court being
reversed and the case ordered dismissed, This secures to your
company the title to some 9.566 acres of land in Lis Animas
including your El Moro coal mines.”
time to time shall, irrespective of County,
The number of Colorado Coal & Iron Company bonds be¬
security.
■
coal fion the company’s mines has been as
named: 1884, 452,498; 1385, 562,660;
1886, 616,410; 1887, 757,419.
In comparing the net result for the year 1881 with that in
1886, there is shown an increase of $209,972. or 61 per cant.;
this is largely derived from the iron and steel department, in
which an increas d demand for steel rails, the good prices
ruling, and the mesttu.es of economy adopted, largely in¬
creased the net profits.
Tne amounts expended for construction and eqiipment.&c.,
during the year wt re as follows: Coal department, $117,072;
coke department, $1,130; iron and steel department (including
c-8tof completing blast furnace No. 2), $119,547; iron mines
department, $3,357;*eal esta e department, $28,451.
The amount advanced to the Aspen & Western Railway
Company up to close of year was $251,031.
Ttie President remarks: ‘ Tne financial result of the past
year shows, after deducting the fixed charges, a sum equiva¬
lent to 3 42 per cent on your capital stock, and but for the
unavoidable expenditures attending the construction of blast
furnace No. 2, and money d sbursed for account of the Aspen &
Western Railway Company, both vital necessities, and essen¬
tial for the protection and continued prosperity of your com¬
pany’s future business, a dividend was probable. Your board,
however, takes this opportunity to impress upon the stock¬
holders that the extraordinarily rapid developments of the
State of Colorado compel your company, from time to time, to
apply its cut rent funds largely to additions and betterments to
your properties, and by that means provide against serious
and dangeious competition.” * *
“During the month of November of the past year, a decision
was rendered
by the Supreme Court of the United States in
t(
follows during the years
15,000, inclusive.
longing to the sinking fund and in tru tees’ hands repre¬
sent
$79,000,
an
increase of $25,000 during the past year.
EARNINGS AND EXPENSES.
/
1886.
Gross
earnings,
Goal A coke department.
Iron and steel dep’t
Iron mines dep’t
Real estate dep t
Miscellaneous earn’gs
Total
$142,000
>
Net
earnings,
100,000
350,000
795,000
594.000
3S5,()00
J 30,000
135,000
923,000
Net
earnings,
earnings
$323,531
209,410
24,953
5,140
$1,917,449
$333,611 $2,818,876
$543,581
loss 236
9,350
6,526
INCOME ACCOUNT.
Net earnings
Add Income from
investments, Ac
Total
Less interest on bonds....
Less premium on bonds
-....
1836.
1887.
$333,611
8,650
$548,581
$209,940
Surplus
previous year
Royalties earned and credited to coal, coke and
real estate capital accounts during the year,
included in operating expenses
over
$553,014
^
$209,940
780
$209,940
Increase
4,433
$342,261
...
508,000
339.000
1887.
Gross
$285,400 $1,391,057
35,749 1,392,149
loss 9,76
8,308
29,143
•
5,140
6,527
$1,197,2*0
690,086
195,000
1,109,000
144,000
.
$210,720
$133,321 $342,294
$106,577 $209,973
$G0,657
$96t013
March 24, 1888.J
THE
CHRONICLE
Commercial 'Jinxes.
COMMERCIAL epitome!
The
no
longer
a snow
As
was
Friday, P. M., Mar. 23, 1888.
The Movement of the
Crop, as indicated by our telegrams
from the South
to-night, is given below. For the week
this evening (Mar.
23), the total receipts have reached ending
38,380
bales, against 47,333 bales last week,
73,469 bales the previous
week and 65.502 bales
three weeks
receipts since the 1st of September, 1887,since, making the total
5,005,872 bales for the same period of 5,060,041 bales, against
1886-7,
crease since
September 1, 1887, of 54,769 bales. showing an in¬
is
to hare been
snow has caused local floods.
violent tornado has pissed
States, and
rapidly disappeared and
serious obstacle to business.
a
expected, the melting
a
COTTON.
Friday Night, March 23,
1888.
that fell last week has
snow
Besides,
portion of the Southern
storm of unusual
violence, even for the
over a
winter months, has occurred ia the
Receipts at—
Northwest, making for the
whole country the weather record for this
week scarcely better
than that for last week. Local
trade improved as the obstacles
to trarspoitation were
removed, but speculative circles have
been generally
depressed, important declines having taken
place in wheat,
new
long delays
are
July delivery.--.
August delivery.
Sept, delivery...
Oct.
delivery—
7'91
7'94
7 97
8 0J
7'87
7 90
7'77
7-82
7'87
7*92
7mj4
7'99
7'98
.....
Folk has teen at t
1,997
4,113
21,714
7
18
4 J
766
378
231
234
299
88
.
300
306
2,341
365
319
429
822
39
153
26
153
22
25
69
5
186
325
6
613
6
301
607
180
89
871
2,318
203
683
755
2,850
99
44
178
187
52*
1,338
1,075
1,338
381
629
8,841
38,380
117
230
112
3
40
163
158
205
40
6,943
6,086
Baltimore
Philadelphia,&c
Totals this week
300
100
Boston
3,414
8,677
Estimated.
7'79
2,600
-
West Point,Ac
New York
4,-89
For comparison we
give the following table showing the weeks’
receipts, the total since September 1, 1887, and the stock
to-night, compared with last year.
7*79
7'84
7-88
7'94
7'97
7'99
total
1887-88.
Keccipis to
This
Mar. 23.
Charleston
at
\
Since
1886-87.
1
Sip.
Th is
Week. | 1, 1887.
2,108
|
2,609
300
I
|
1887.
14,147
26,604
I
J
88
1888.
2,820; 689,993!
21,714 1,610,926
478
Stock.
Since Sep. '\
Week. 1 1, 1886.
633,792 ;
C
1
active
3,800
36
Norfolk
mes more
more
4,162
205
Port Royal,Ac
...
and
5,910
168
Wilmington....
Wash’gton, etc
...
firmer
1,732
702
active, but closes quiet; mess
$14 50@15 25; extra prime, $13; clear, $16
25@18. Cut meats Galveston
j
remain quiet; pickled
bellies, 7@7%c.; shoulders, 6%@6%c.
Ind’nola,Ac
and hams, 9?^@ 10c.; smoked
ehouldeis, 7%@8c.f and hams, New Orleans.
lG%@llc. Beef is nominal at$7@7 59 for extra mess anc Mobile.......
Florida
$8(28 50 for packet per bb\; India mess
quoted $14@16 Savannah
aud
per tierce
beef
hams
$16(216 50 per bbl. Ta’
Bruns w., Ac
low is
2,10S
Charleston
Saturday. Mond’y Tuesd'y. Wednsd'y.
Thursday. Friday
7'85
7*76
Total.
394
Bruns w’k, Ac.
DAILY CLOSING PRICES OF
LARD FUTURES.
Fri.
177
Florida
sluggish and prices declined,
Thurs. 1
336
Savannah
but at the close there is less
depression of tone.
7'79
7'80
7*85
7'90
7'95
7 *9 8
8'01
Wed.
371
Mobile
to arise in its
7*75
7'76
7'82
7'87
7'92
7*97
Tucs.
522
Indianola, &c.
discussion, and its fina
passage late in the summer is problematicll.
Lard on the spot has been dull and
closes nearly nominal anc
somewhat easier thi3 afternoon at
7*60c. for prime city, 7*90@
7*95c. for prime to choice
Western, 7‘80e. for refiaed to the
Continent and 8*G0c. for South America. The
speculation in
lard for future
delivery continued
Apri delivery
May delivery....
June delivery....
j Mon.
!
25S
New Orleans...
cotton, causing some failures. The
be reported to the H >use
immediately, but
likely
Sat.
Galveston
corn and
tariff bill is to
387
19,023
1,649,973'
1,0681
273,097
24,990
216,165
209,296
3,070
778,813!
31,947
600
11,960
26,5611
199,671
23,262
822,356
j
22,893!
45!
70,111
391,275
14,735
8,012
2,341
4%fa)4 ll*16c. Stear2,090
360,432!
19,709
12,420
P. Royal, Ac
quiet at 8%f«)8%e. Oleomargarine is quiet at (
153
306
16,3 lo!
62
260
Butter is in better
Wilmington
1S6
3621 132,949!
166,021
supply and closes weak, 22<2):-2c. for
5,611
2,469
Wasli’t’n.Ac
6
4i
4,902
creamery, 21@30c. for State dairy. Cheese is
3,73o!
irregular; fancy Norfolk
2,318
439,158
2,852’ 519,522:
fall-made is quoted 12R>12}q?. for colored and
23,883
11,851
W. Point, Ac
2,859
12!4@12%-\ f°r
478,353
3,346
317,6781
2,165
8,200
white, with common to tine 10(2ll^c. and skims
New York....
178
74.505
1,530:
83,234
4(24J^c. Boston
293,766
239,822
Fiesh eggs scarce at 17(218c.
1/
75
68,330
per dozen
3,692!
92,12o! 13,000
7,000
Baltimore
1,338
Coffee on the spot has been more active for all
38,601;
2,100;
63,815
18,897
j
12,454
grades, and PhiTdel’a, Ac!
629
the sales
24,583
2,284 j
to-day included It o No. 7 at ll@ll}^c., Java 16(2
38,012] 19,4 26j 21,079
Totals
j 38,380; 5,000,041 46,298 5,005,872’ 740,700’
1GJ0. The speculation in Rio options was
578,309
depressed^early in
In order that
the week, but took a
strong upward turn on Wednesday and
comparison may be made with other
years, w©
give below the totals at leading ports for six
continued buoyant yesterday and this
seasons.
morning, but became
Receijits at—
weaker late this afternoon,
1888.
1887.
1886. j 1885.
closing with sellers as follows:
18S4.
1883.
ine
.
is
.
March
April
May
June
lo*80c.
10’75o.
July
10 75c.
September
1070c.
August
October
10*50c.
1020c.
10'05c.
9 95c.
Galvest’u, Ac
November.... 9'95c.
December.... 9*95o.
January
February
Raw sugars have
improved and close with
fair refining Cuba is
quoted at 4 13-lGc. and
a
good demand
centrifuga1, 96
deg. test, 5%c. The sales to-day include a
cargo of Iloilo
at 414c. and 2,000 tons
molasses, grade 82 deg. test, at 3*85c.
Molasses steady at 20%c. for 50
deg. test, with severs! cargoes
sold during the week.
The tea sale on
Wednesday went off
at about steady
prices. Foreign fresh fruits have sold
by
auction at very full
prices.
Kentucky tobacco in fair export demand at steady prices.
Seed leaf tobacco hss continued in
demand, and sales f/r the
week are 1,230 cases as follows:
50 cases 1881
crop Pennsyl¬
vania, 15(217c.; 230 cases 1882-85 crops,
Pennsylvania, 10@
13%c.; 300 cases 1886 crop, Pennsylvania,
10(215c.; 500 cases
1836 crop, Wisconsin
Hivana, 5(2 lie.; 50 cases 1883 crop,
New England, private
terms, and 150 cases sundries,
7(228c.;
also 350 bales
Havana, 60c.@$l 10, and 200 bales Sumatra,
Exchange there has been a great decline in
Straits tin, with salts t>day
of 140 tons at 35 55c. for March,
31*95c. down to 3l'70c. for
April, 30 45(229 25c. for May
and 29 25c for June.
Ingot
copper
has also declined, with
sales to-day of 100,000 lbs. at
16*05c. for April, 16*05(2lG*10c
for May and 15 95c. for June.
L°ad lias shown a
hardening
market, and closes stead?, with 100 tons for
April at
The
domt Stic iron markets
The sp: culation in crude
are
dull and unsettled.
petroleum certificates took
5‘17%c.
strong
to-day, the price declining 5c. per
barrel, and
closing at 88% (2 88%c. Spirits turpentine has
an upward
shown
tendency, and closes 39(239%c., andlatterly
rosins are in
fair demand at
$L 20(21 25 for common to
good strained.
Wool has teen
selling more freely,
downward
turn
a
2,108
21,714
New Orleans.
Mobile
;..
Savannah
478
2,609
..
2,820
19,023
1,068
3,670
2,396
5,237
20,331
1,188
6,482
6,316
1.325,
1,896*
3,701
18,137
1,603
3,312
2,808
6,347
12,037,
681 i
Charlest’n,Ac
Wilin’gt’n, Ac
2,494
192
366
Norfolk
671
290*
2,852
3,8 16
10,257
8,173
3,920
3,125j
All others...
2,318
2,859
3,608
11,960
Tot. this wee)
38.380
46,298
6
W’t
Point, A<
1,065
10,762
j
5,830;
5,902
1,987
11,234
6,217
1,130
9,243
3,523
12,103
28,810
52,884
86,999
6111
759;
4,328
12,056
30,900
Since Sept. 1
>060,641 5005,872 4791,502
4551,176!
5329,782.
Galveston includes
Indianola; Charleston includes Port
Wilmington includes Moreh’d City, Ac.; West Point
Royal &oT
of
includes City Point,
The exports for the week
ending this evening
63,948 bales, of which 49,851
reach
a
A*o
total
were to Great
Britain, 5,480
France and 8,617 to the rest of the
Continent. Below are
the exports for the week and since
September 1, 1887.
;o
Week
Ending Mar. 23.
Exported to—
Exports
Great f
BriVn. France
from—
$1 40(2 $1 85.
On the Metal
.
Galveston
New Orleans..
Mobile
Florida
Savannah*
Total
nent.
Week.
..
Baltimore
....
499
<•99
1,800
22,049
rp -.4
0
»
*• OOO »*•
223,970,'
4,024
592,0G1 259,580
62,4-8
3,443
I8l,9l6 12,480
to—
Conti¬
Total.
nent.
81,278
......
.
.
.
......
£*•#
-
1
70.037
....
....
9,180
«...
.
*
•
.
.
9,130
62.4^83,440
482,754
...
10.080
0,7(. 8
4,1130
1,055
......
3,112
198
9 93n
2,152
0,312
55J
1,499
949
4W.S51
-
|«c />
5,4r>0
n
14,5:3
8,017
,;q
238,3:8
25,839
173 261
70,806
0,395
215,999
205,930
391,358 28,503
153,587
88,870
1,805
209,737
87.035
8,375
120.830
219,374
207,' 29
593,473
•
•
369.272
343,699 1.180.540
....
Philadelp’a’&c
Total
Britain. France
......
.
Norfolk
West Point,Ac
New York
4,425
Great
.......
....
....
Charletton....
Wilmington
Exported
Conti¬
....
10,818
From Sept. 1, 18S7, to
Mar. 23, 1888
41,171
•••
1,099
170,552
2 200
155.787
29,580
120,261
45,€81
4.510
...
03,918 2,311.289 829,692
1/ 85.753 3,720.684
<0 1fO
L»0-
t>
OO
♦
^
ri>n
V
«
C*0
-
—«—-•
[Vol. XLVI.
&THE CHRONICLE.
!388
above exports, our telegrams to-night
Ufl the following amounts of cotton on shipboard, not
at the ports named.
We add similar figures
which are prepared for our special use by Messrs.
& Lambert, 24 Beaver Street.
In addition to
Mar. 23, at—
Great
Britain.
New Orleans....
Mobile
Charleston
Norfolk
New York
Other ports
None.
None.
1,900
1,100
1,200
1,300
:-,ioo
2,400
2,035
None.
None.
None.
None.
None.
1,500
4,400
None
None.
4,297
6,500
12,900
None.
16,609
29,547
©
669.910
70,790
37,106
56,321
87,412
9,096
13,659
35,158
6,052
29,040
43,961
*
0
745,494
142,981
marke1
and the
to
UPl^ANDS.
74
75a
74
74
75a
8‘',0
74
$ ft>
rdinary
Strict Oi din ary
Go* d Ordinary
fctrict G od Ordinary
Low Midulintf
Btrict Low Middling
Middling
7q
7i«
7%
734
8uie
»»ie
8U10
9-he
75a
8^,0
95a
915i6
to
©
«
-j
rr
to
•
-j
tO
-j
©
l
to
©
O
11
107s
io7a
11®8
115a
114
114
73a
73a
77a
81*16
77a
81;1ie
9°i0
9510
9‘4
93»
101,0
ioi,«
10 4
lOki
10Lj
103i
1U8
1134
10L>
1034
11*8
11%
Fair
Mm t
STAINED.
lb.
2
74
74
74
74
74
74
8H16
9-1,6
811,0
9-1,6
95a
95a
9**16
104
1038
10»a
11
11
11
115a
Wed
7;h0
77a
81«h
coco
£
OS X)
®
to X
911,0
9llib
734
M**
71,6
®
x
oa©°x
©©c©
CD CO
-3
to
K!
to
£
®
_
.
,
*§
d©
©
©
%
99
®
S°C0®
i'OO
.
..
.
100
210
0•
,5
268
498
210
102
1,523
•
•
....
....
....
210
335
268
498
210
102
fallowing comprehensive table:
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a.
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x ©^j-*
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to
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c.©to’,<
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230,000
167,500
127,700
"
117,600
1,623 800,800
the
by
....
*
Iuoinaes sales in
tember-Oetober, for
1 d:
1 ©: :
©: :
69.400
88,600
The daily deliveries given above are actually delivered
previous to that on which they are reported.
The Sales and Prices of Futures are shown
00
CO©
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to
4-
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©9© ©
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SO
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.
j Total, j Sales.
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each day during the
statement. For the con
AND
to-
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onto
00 JC
column which shows at a
lu»w the market closed on same days.
SALES OF SPOT
©
n—
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^1
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The total sales and future deliveries
week are indicated in the following
Ex- '■ Con- Spec- Tran-1
rt. sump uL'Tn\ sit.
©x
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1
SPOT MARKET
CLOSED.
on
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MARKET AND
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Total.
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Btrict Ordinary
Good Ordinary
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Low Middling
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Middling
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Wed I Steady
Thurs Steady
Fri... Easy.
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10
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Sat.
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Middling
9h
lots
103a
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8y,0
91,6
94
91,0
95a
1
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Wed
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Tuesday
Mon. Tues
OC'
-3
d
supporting ir fluences. Monday was steadier, but on
it wt s early reported that a leading brokerage firm was in
trouble t rough a failure of remittances, ani prices fell away
rapidly until this crop was 13@21 points below the closing
figures of Monday. The announcement of the failure of the
brokers above referred to was followed by an irregu*ar recov¬
ery, and a firm closing.
On Wednesdiy a variable market
closed at some advance, due mainly to speculative manipula¬
tion to protect the interests of the bulls. On Thursday the
market was variable, and somewhat irregular. There was a
disposition to sell May and June options. The next crop at¬
tracted more attention, with considerable buying for Septem¬
ber. To-day tne opening was dull and prices soon fell off a
few points in the absence of sustaining speculative action.
The mack t weakened as the day advanced, and ihe close was
“barely steady ” at about inside figures. The Urge stocks in
this coumry attracted some atu-nti *n. Cotton <n the spot
was quotha y8 lowe. on Tu- sday.
To-day the market was dull
and weak at 10c. for middling uplamiH,
The total sales for forward delivery for the week are F00,800
bales. For immediate delivery the total sales foot up this week
1,623 bales, including 100 for export, 1,523 for consumption,
for speculation and
in transit. Of the above — bales
were to arrive.
The following aie the official quotations for
each day of the nast week—Mar. 17 to Mar. 21.
Sat.
Co2
C©
©
speculation in cotton for future d livery at this
Las been quite active for the week under review,
fluctuations in prices have been important. On Saturday the
market we .kened under dull foreign advices, with no dee ded
Tne
p
8-
9
*
CO
to
P*
I
tv
490,890
—
Hi
&
.
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1
f©
©
rt
.
•
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w
:
£©x®
9.850
P rt-^
•
•
>s
tOr-S
•
17,383
280,866
5t»,161
_
ct-ps
p.£p
-J
©
4JJ
®
S'®
P
0B
r*
«
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w
.
erh*
o
..
SC
V
® •
240,504
24, 90
tt#00
5,480
21,560
8,475
OK
2
® «
85
®
a> ®
S'®
3d
P OB *
trf
•
a •
ao
None.
35,275
Total 1888
Total.
None.
None.
None.
None.
12,12
P 05 -
86 S'*
rt
tn
Stock.
32,593
None.
9,000
Foreign
wise.
50
■
P
Leaving
1,480
8,475
2,262
5,000
8/ 00
Coast¬
os -
1
»
10,513
None.
Galveston
Total 1887
Total 1886
France.
Other
P
00 ®
S'® ® 03
£ VQ,
j--® ao p.
“a1 -
® P.
c® ® *50
®
a ®
® ao
cc ®
c'2.~s
OB ®‘® g*
2 £.05
O
o
*
cleared—for
Shipboard, tiol
None.
Bavannali
c2.£g'
cleared,
for New York,
Carey, Yale
On
QhgTDO
Onjocn
also give
CD
H
3
ra
1
•
X
1
‘
1
‘I
1
I
:
i
1 1:
Sepreniber. 1887, lor HepreTr»>er 958,200; SepOctober, 570,200; 8eptcmber-November, for No¬
Sep*
for Feb¬
ruary, l,5ai,7L0.
Qjr We have included in the above table, and shall continue each
week to give, the average prioe of futures each day for each mouth. Il
will be found under each day following the abbreviation “ Aver ”
The
average for eaoh month for the week is also given at bottom of table.
Transferable Orders—Saturday, 9*80c.; Monday, 9 8 >0.; Tuesday,
9'70o.; Wednesday, 9'75o.; Thursday, 9*75©.; Friday, 9 70a.
The following exchanges have been made during the week:
481,000; 8epteiuber-December, for December, 1,027,400;
teinber-Janaary, for January, 2,256,6u0; september-February,
vember,
300 Apr. for May.
pd. to exch. 1,300 Apr. for Aug.
pd. to exch. 1,000 Apr. for July.
pd. to exch. 2ou Apr. lor Aug.
pd. to exch. 100 Oct. for ApriL
pd. to exch. 1,500 June foi Aug.
pd. to exch. 1,000 Apr. for Aug.
I *0t> pd to exch l,0oo June lor July.
1 Even 1,000 Apr. for Sept.
' •!!
pd. to exch. 300 June for Aug.
•10
•28
•24
•29
•25
•10
•31
pd. to exch.
•14
•15
*02
pd. to exoh. 1,000 May for July.
pd. to exch. 30O May for July.
pd. to exch. lOo Jan. ror Oct.
*02 pd. to exch. 600 Mar. for ApriL
•16 pd. to exch. 80>» Sept, ror June.
•27 pd.to exch. 300 Apr. for July.
*21 pd. to exch. 900 Apr. for June.
*11 pd. to exch. 100 June for Aug.
*05 pd. to exoh. 900 July for Aug.
THE
March 24, 1888. J
CHRONICLE.
The Visible Supply of Cotton to-night, as made
up by cabU
and telegraph, is as follows. The Continental stocks, as well a*
The
those for Great Britain and the afloat are this week’s returns
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Mar. 23), we add the item of exports from
the United States, including in it the exports of
Friday only.
Stock at Liverpool
Btock at London
IR88.
1887.
888,000
21,000
910,000
909,000
959,000
4,' 00
47,900
20,000
2,500
40,500
29,000
bales
Total Great Britain stock.
Stock at Hamburg....
Btock at Bremen
Btock at Amsterdam
Btock at Rotterdam
Stock at Antwerp
Stock at Havre
Btock at Marseilles
Btock at Barcelona
Btock at Genoa
Btock at Trieste
10,000
1885
727,000 1,040,000
4,100
0,000
41,500
54,000
28,000
51,000
400
300
000
700
1,100
241,000
4,000
51,000
5,000
10,000
1,000
109,000
108,000
3,000
61,000
5,000
5,000
Total Continental stocks
1886.
710,000 1,005,000
17,000
35,000
315,0 0
.
500
900
7,000
84,000
185,000
5,000
84,000
11,000
5,000
6,000
4,000
351,800
396,400
Total European stocks ....1,224,000 1,343,400 1,078,800
1,436,400
India cot ton afloat for Europe. 193,000
216,000
224,000
146,000
Amer. cott’n afloat for Eur’pe. 270,000
460,000
334,000
239,000
Egypt,Brazil,&c.,afltfor E’r’pe
33,000
56,000
18,000
20,000
Stock in United States ports.. 740,700
578,302
S88.475
701,854
Stook in U. 8. interior towns.. 256,142
150,775
335,231
145,422
United States exports to-day.
7,930
29,419
11,601
2,500
Total visible supply
2,724,772 2,833,896 2,890,107 2,691,176
Of the above, the totals of American and otner
descriptions are as loiio ws :
American
—
Liverpool stock
bales
696,000
194,000
270,000
740.700
256,142
7,930
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, dtc.—
756,000
274,000
460,000
578,302
150,775
29,419
522,000
259,000
334,000
888,475
335,231
701,854
145,422
11,601
2,500
2, ,164,772 2 ,248,496 2,350,307
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, «fec., afloat
Total East Tndia, &c
Total American
192,000
21,000
193,000
121,000
110,400
193,000
33,000
216,000
56,000
585,400
781,000
289,000
234,000
224,000
18,000
supply
Price Mid. Col., Liver, to >1
2 ,724,772 2 ,833,896 2,890,107 2,691,176
...
Price Mid. UoL, New York
-5Jir,d.
5"i<sd.
4l5jfld.
6d
10c.
loqc.
9*80.
HhflO
£2$“ The imports into Continental ports this week have been
30,009 bales.
The above figures indicate a decrease in the cotton in
sight
to-night of 109,124 bales as compared with the same date of
1387, a decrease of 165,335 bales as compared with the corres¬
ponding date of 1886 and an increase of 33,596 bales as
compared with 1885.
At the Interior Towns the movement—that is the
receipts
for the week ftnd since Sept. 1, the
shipments for the week,
and the stocks to-night, and the same items for the
corres¬
ponding period of 1886-87—is set out in detail in the following
statement.
stocks
have
and since September 1 the receipts at all the
day of the past week.
Week
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
ending
Mar. 23.
Galveston
Satur.
...
New Orleans.
Mobile
Savannah
Charleston
Tues.
Wednes.
Thurs.
Fri.
911]g
9*8
9*2
9*8
9%
9i16
9^2
938
9L>
910
9*2
9»8
93s
912
938
938
9*2
91-2
9yi«
..
9 '<2
.
...
Philadelphia
A ugusta
loq
10 *8
1038
93f
99i«
....
St. Louis
9 "'8
Cincinnati
Louisville
9‘8
..
-
9%
...
958
934
9»8
9716
90)6
9
99ig
9^2
9«10
912
95q
9r>8
Lj
95s
loq
10^8
103s
9q
9%
Boston
Baltimore
Memphis
Mon.
9L>
...
Wilmington
99)6
99,6
978
9%
9«16
9916
9yi«
9q
9q
9^8
10^8
95q
10 q
10 q
10^8
RDs
103Q
9’^
10
10
10
1038
loq
loq
95s
9«8
9*8
99i6
9*2
912
9^2
9^2
978
9q
9q
978
9^4
9^4
978
95s
978
9*8
99)6
Receipts from the Plantations. — The
following table
Indicates the actual movement each week from the
planta¬
tions.
The figures do not include overland
receipts nor
Southern consumption; they are
simply a statement of the
weekly movement from the plantations of that part of the
crop
which finally reaches the market
through the outports.
Week
Feb. 17
•*
Ilece
2
“
9
°
...
34
Mar,
16
“
539,800
show that the old interior
42.500 bales more than for the same time in 1886-7,
(Quotations for Middling 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
are
Ending—
224,000
35,000
107,400
146,000
20,000
532,400
2 ,164,772 2 ,2 i 8,496 2,350,307 2,158,776
Total visible
week last year,
towns
2,158,776
188,000
17,000
92,800
10,000
560,000
above totals
iecreaxed during the week 8,350 bales and are to-night
105,367
bales more than at the same period last year. The
reccfpts at
:he same towns have been 9,126 bales less than
the same
Norfolk
384,400
389
....
33
ts at the Ports.
1880. I 1HH7. I 1888.
102,624
St'k at Interior Towns.
1886.
| 1887. I 1888.
Rec'pts from Plant’n*.
1886.
I
1887.
1888.
80,582
84.137 448,170 321,860 860,441 90,578 75,150 ' 75.913
92,807; 95.018 •09.<i24 442.000 301,199 350,014 87,303 74,840 59,197
68,223' ^ 9.951 05.502 442,408 205,^91 324,588 08,1 25 44.743
39,538
62 1291 72 9’3 73,469 421,730 230.962 302 508
41,457
51,389
57 743 57 710 47.3:13 :<92.722 200,914 284,870
28,729 21A68 99,081
04,328 40.298 38,380 358,3. 2 173,840 270,900 29,998
19,230! 30,470
43.924|
The above statement shows—1. That the total
receipts from
the plantations since
September 1, 1887, are 5,316,771 bales;
in 1886 7 were 5,131,65s bales; in
1885-6 were
5,134.044 bales.
2.—That, although the receipts at the outports the past week
were 3s,3s0
bales, the actual movement from plantations was
only 30,470 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the
plantations
for the same week were
19,230 bales aud for 1886 they were
29,998 bales.
Amount
of
Cotton
in
to
Sight Mar. 23.—In the table below
give the receipts from plantations in another form, and add
them
we
the net overland
movement,
takings by Southern spinners to the
substantially the
amount of cotton
to Mar.
1, and also the
same
date,
in
sight.
now
so as to
give
I 1887-88.
| 1886-87. 1885-86. 1884-85.
Receipts at the ports to Mar. 23 5,060.641 5,005,872 4,791,502 4,551,176
Interior stocks ou Mar.
23 in
excess of
September 1
.
..
|
j 253,130
125,786
342,542
140,960
Tot. receipts from plantat’ns 5,313,771
5,131,655,134,044 4,692,136
Net overland to Mar. 1
81 ,752
623,233
617.134
501,782
Southern consumpt’n to Mar. 1
300,000
250,000
205,000
180,000
Total in sightMar.23
to
o
to
O’
W
to
to
-a>tox'ixw
© C © w co © -a
CO
to
Northern spinners’ takings to
I
I
Mar. 23
1,458.692 1,304,637 1,408,527 1,115,859
CO
..
->
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OtO©Mi-<COM
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— —
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It will be seen
by the above that the increase In amount in sight to
compared with last year, is 425,632 bales, the increase as
compared with 1885-6 is 474.345 bales aud the increase over 1884-5
is 1,056,605 bales.
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The figures for Louisville in both
years are “ net.”
estimated. ^
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Telegraph.—Our advice by tele¬
graph to-night indicate that the storms ,so far a* ihere have
been any, h ve been 1 c, 1 and that
weather conditions have
in general been favorable for f
rm work duiing the *eek.
Texas.—It has rained on two days of the
week,
the rainfall reaching one inch and
ninety-two huedr< dths.
The theimometer has ranged fiom 47 to
70, averaging 58.
taiesim*. i exu*.—We have had rain on o« e day of the
we^k, the rainfall reaching ninety-eight hundredths of an
inch. Average theimum ter 54, highest 74 aud lower! 34.
Ran Antonio, lexas.—Rain h»s lal.en on o* t
day of the
to
to
Pcx
as
Weather Reports
X © © CO M -X M © O’ CO M © -1
© CO © CO CO
M
wIo’o»m<i©m©
.
.
MM
,
GO I
to
WM
to I-1
6,430,523 6,004,891 5,956,178 5,373,918
t This year's fig-
week to the extent of eighty six hundredths of an ir.ch. The
thermometer has averaged 58, the highest
being 74 and the
lowest 42.
Nem Orleans, Louisiana—We have had rain on two
days
week, the rainfall teaching one inch and ninety-four
hundredths. The theimount’ r has averaged 62.
of the
Shreveport, Louisiana.—Rainfall
hundredths of an inch.
34 to 57; averaging 57.
for the week
seventy
Tne thermometer has
ranged from
Leland, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has rained on ODe day of the
week, the raihfall reaching one inch and forty-tour hun¬
dredths. Average thermometer 48, highest 60 end lowest 30.
Greenville, Mississippi.— Ram has fallen on one day of the
week, to the extent of forty-five hundredths of an inen. Tne
thermometer h; s average d 56, ranging from 37 to 76.
Helena, Arkansas.—It has been showery on three days of
the week, the rainfall reaching one inch and
forty hundredths.
[Vol. XLVI.
THE CHRONICLE
390
Farm work makes
slow progress.
Average thermometer
from *
The above totals for the week show that the movement
the ports other than Bombay is 7,000
week last year.
For thp whole of India, therefore,
54,
bales less than the same highest 78, lowest 32.
the total
Liti^e Rock, Arkansas.—The weather daring the week was shipments since January 1, 1888, and for the corresponding
pleaeaDt ur»til Wednesday and Thursday, when we experi¬ periods of the two previous years, are as follows :
enced the effects of the low temperature prevailing in the
EXPORTS TO EUROPE FROM ALL INDIA.
Riin fell on
Northwt st. It is now cloudy and moderating.
two days to
inch.
hundredths of an
ranged from 29 to 79, aver¬
the extent of twenty-sevea
thermometer has
The
aging 52.
Memphis, Tennessee—It has rained on three days of the
week, the rainfall reaching eighty-two hundredths of an inch
The thermometer has averaged 54, the highest being 74 and
the lowest 29.
Nashville, Tennessee.—We
the week. The thermometer
21 to 75.
,
Mobile, Alabama.—There
Shipment*
from—
Bombay
11 other
have had rain on five days of
has averaged 51, ranging from
have been showers on
three
all Europe
to
Total
Since
Jan. 1.
This
week.
20,000
2,000
284,000
90,000
32,000
9,000
28,000
374,000
41,000
Alexandria Receipts and
ments
we
This
week.
Sine*,
Jan. 1.
300,000
94,000
04,000
8,000
321,00C;
71,000
394,000
72,000
392,000
Since
Jan. 1.
This
week.
ports.
1886.
1887.
1888.
Shipments.—1Through arrange¬
Davies, Benachi & Co., of
have made with Messrs.
days of the week, the rainfall rs aching seventy-six hundredths Liverpool and Alexandria, we now receive a weekly cable of
an inch.
The thermometer has ranged from 39 to 74, aver¬ the movements of cotton at Alexandria, Egypt. The follow¬
ing are the receipts and shipments for the past week and fo?
aging 57.
1
Montgomery, Alabama.—It has rained on two days of the the corresponding week of the previous two years.
week, tne rainfall reaching fifty-eight hundredths of an inch.
Alexandria. Egypt,
1885-86.
We have had frost on the last three nights, but the weather
1880-87.
1887-88.
Mar. 21.
is now turning warmer.
Average thermometer 59, highest
82, lowest c7.
Receipts (cantars*)—
16,000
12,000
17,000
This week....
Selma, Alabama,—Telegram not received.
2,803,000
2,821,000
2,809,000
of
.
i
Auburn, Alabama.—Telegram not received.
Madison, Florida.—It has rained on one day of
the rainfall reaching one inch and ten hundredths.
'
mometer has
ranged from 44 to 76, averaging
58.
Columbus, Georgia.—Ram has fallen on two
week to the depth of three inches and seventeen
the week,
The ther¬
days of the
hundredths.
highest 68, lowest 32.
received.
Savannah, Georgia.—We have had rain on one day, and
the remainder of the week has been pleasant. The rainfall
reached seventy-eight hundredths of an inch.
The ther¬
mometer has averaged 57, the highest being 75 and the lowest
Exports (bales)—
To Liverpool
*
Few Orleans
...Above low-water mark.
...Above low-water mark.
...Above low-water mark.
...Above low-water mark
Memphis
Nashville
Shreveport
Vicksburg
1
3
0
8
29
27
yarns and shirtings.
and leave those for
for comparison:
32s
Shipment* this week.
Tear Great Conti¬
Bril’n. nent.
1888 18.000
10,000
Total.
8,000 20,000
22.000i32.000
19.000 45,000 64,000
iHS
1885
18,000129,000
11,000
AND SHIPMENTS FOR FOUR
Shipment* Since Jan. 1.
Great
Britain
Conti¬
Total.
nent.
284.000
300,000
321,000
215.000
09,000 215,000
71,000 229,000
91,000 230,000
58,000 157.000
YEARS.
Receipt*.
Since
Jan. 1.
525,000
540,000
519,000
335,000
Bombay appears to show a
compared with last year in the week’s receipts of
1,000 bales and a decrease in shipments of 6,000 bales, and
the shipments since Jan. 1 show a decrease of 16,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
Great
Britain.
Calcutta—
1888
1887
Madras—
1888
2,000
Conti¬
nent.
Total.
Continent.
Total.
1.000
21,000
27,000
37,000
58,000
0,000
42,000
09,000
1,000
7,000
1,000
8,000
2,000
1,000
1,000
2,000
Great
1.000
2,000
3,000
3,000
14,000
13,000
20,000
10,000
24,000
23,000
1,000
2,000
9,000
42.000
42.000
48,000
90,000
52.000
94.000
Total all—
1888
1867
Shipments since January 1.
4,000
1887
▲U others—
1888
1887
ports” cover Ceylon,
Britain.
7,000
a
5
5
7li16' *&51«
7*i «
5
5
d.
s.
8 ®7
8 ©7
8 ©7
7*2© 7
7*2©7
©7
7
Uplds
d.
d.
1
1
0*2
0*t>
0
5*2
5*8
5*8
3'*
Shir ting 8.
*
d.
d.
5»i« 7*8 ©7*4
5«16 71s ©7*4
1
8*4 lbs.
32# Cop.
Twist.
d.
<L
10*2
10*2
5*e
10*2
10*2
©6 10*2
5*4
©o 10*2
5'16
s.
d.
5
5
9*-2©0
9*e©6
9*2 aO
9
a)6
7*8 ©7*4
5
7*16@7i*16
7*ig
i*k{
5
5
5
5°io 7*ioW7
9
9
s.
5*1 e
5&16.
5*8
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
1887-88 and 1886-87, as compiled by us from the Brit sh Board
of Trade returns.
It will be noticed that we have reduced the
Exports of
we
movement all to
pounds.
1887-88 188(5-87 1887-88.
October
November
December
'Lbs.
24,234
23,612
409.967
25.749
24,478
425,565
455,815
24,963
Tot. 1st quarter.
74,946
January
21,705
23,544
..
...
Lbs.
20,4*5
Yds.
1886-87.
Yds.
1887-88] 1*86 87
Lbs.
i
Lbs.
1887-88 1886-87.
Lbs,
428,415
101,506
422,554
77,376
101,306
878,634
82,875]
98,773
76,828 103,125
03,842 107,858
1
cotton manufactures
69,327
.
535,8801
Suodry articles.
Lbs.
74,539) 77,894
68,575’ 1291,347 1229,603 234,791 223,564 309,736
444,793 97,4331 80,871 119,138
22,111
21.731 420.452 417.68L 76.446! 75.978 99,990
Stockings and socks
Total exports
Total of All.
Cloth.
Yarn A 'l hrend
CCOs omitted.
Ffb-uary.
According to the foregoing,
Shipments for the week.
.
10
6
decrease
“Other
years, has been as follows.
Tuticorin, Kurracliee and Coconada.
5
5
Mar. 2 7*4 © 8
“
9
1
0
8
7
14
01,000
02,000
64.000
35,000
s.
24
“
Mid.
Shirtings.
d.
d.
Feb.17 7*4 ®8*8
“
ColVn
Inch
35
7
17
44
This
Week.
1SS7.
lbs.
Cop.
Twist.
Movement from all
BOMBAY RECEIPTS
We give the prices for to-day below,
previous weeks of this and last year
1888.
Forts.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Mar. 22.
India Cotton
week ending:
to all Europe
to-night
for both-
-2,’88. Mar. 24, ’87
4
10
Miss ing.
is 98 pounds.
Manchester Market.—Our report received by cable
from Manchester states that the market is dull
The following statement we have also r ceived by telegraph,
showing the height of the rivers at the points named at 3
o’clock Mar. 2?. 1888, and M*r. 24. 1887.
Feet.
340,000'
8,000 bales.
Augusta, Georgia.—We had rain on three days in the
early part of the week, accompanied by a heavy storm on
Tuesday night. The close of the week is clear and pleasant.
The rainfall reached two inches and eighty-six hundredths.
The thermometer has average! 55, ranging from 34 to 76.
Atlanta, Georgia.—Telegram not received.
Charleston, South Carolina.—We have had rain on two
days of the week, the rainfall reaching seventy-four hun¬
dredths of an inch. Tne thermometer has averaged 57, the
highest being 72 and the lowest 42.
SCateburg, South Carolina.—We have had rain on three
days of the week, the rainfall reaching two inches and twenty
hundredths.
There has been frcst on one morning. The
thermometer has averaged 54, ranging from 29 to 74.
Columbia, South Carolina.—It has rained on one day of
the week. The thermometer has ranged from 27 to 75, aver¬
aging 55.
Wilson, North Carolina.—Telegram not received.
Inch.
5,000 207,000*
5,000 133,000*
This statement shows that the receipts for the
March 21 were 17,000 cantars and the shipments
40.
Feet
A cantar
Since
Sept. 1.
352.0001 10,000'304,000 '10,000
8.000
Total Europe
1.
5,000 235,000
5,000 129,000
4,000 219,000
4,000 133,000|
To Continent
Macon, Georgia.—Telegram not
week'. Sept.
Se])t. 1.
This
week.
Since
This
Since
This
week.
Average thermometer 52,
Mur.
Sept. 1
Since
202,139
102,982
97,709
1,040
1,2 LI
10,057
9,984
540,13-
503,854
foregoing shows that there has been exported from the
Kingdom during the five months 540,132,000 lbs. of
manufactured cotton, against 503,854,000 lbs. last year, or an
increase of 36,278,000.
East India Crop.—Messrs. Gaddum, Bytliell & Co., in their
report dated Bombay, February 18, remark as follows:
Broach is not coming forward freely yet, and it is probable that we
shall not see any decided increase in supplies until next month. Quality
of present arrivals is not quite satisfactory, but arrivals are as yet toosmall to admit of the quality being fairly judged. From the Dliollera
districts there is not much new to report. At. Bhownuggur the cotton
at present coming in is of satisfactory quality, but owing to the late rain
it is expected that the finest qualities will be scarce this season. Our
reports from the Tinnevelly districts continue to lead us to expect a
good crop, but accounts from the Dliarwar, Western and Compta dis¬
tricts are not quite so sanguine about a large yield.
Jute Butts, Bagging, &c.—There has only been a light call
for bagging and the market is easy. Sellers are quoting
for 1 yz lbs., 6c. for 1% lbs., 6V£c. for 2 lbs. and 7c. for ttandard grades ; but an offVrof les-s will buy. Rnther more inquiry
is reported for butts and some sales are reported on a basis of
1 15 16@2c. for paper grades and 2%@2%c. for bagging qual¬
ities.
Most of the recent arrivals were piaced before.
The
United
Shipping
News.—The exports of cotton from the
week, as per latest mail returi:s; nave
States the past
United
reached.
March 24,
•
86,850 bales.
the
are
1888.J
So far
as
THE
the Southern oorts
are
CHRONICLE
concerned, these
Spot.
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.
Queen, 3,088
10,086
1,055
1,110
642
1,060
To^Genoa, per steamer Gardenia, 4,826
4,826
Savannah—To Reval. per barks Argosy, 3,500
Engelbrecht,
2,350 ...Helmsdale, 4.600
10,450
To Cronstadt per bark Gurli, 2,350
2,350
Brunswick—To Barcelona, per bark Izoor, 2,400
2,400
Newport News—To Liverpool, per steamer
798
Baltimore—To Liverpool, per steamer Nessmore,
1,096
1,096
To Genoa, per steamer Ixia, 251
251
Boston—To Liverpool, per steamer Istrian, 1.106
1,106
Philadelphia—To Liverpool, per steamer Lord
Gough, 734....
734
,
.
The
£orm,
66,850
particulars of these shipments, arranged in
.
Savannah
Brunswick.
pool. Havre.
10,086 1,05 5
10,380 7,310
5,456
Boston
PhU’d’lphia
Total
....
4,826
14,553
"798
2,400
1,096
1,1 r o
251
798
1,347
1
Baltimore..
5,140
Total.
33.112
12,800
2,400
m
.
Newport N.
......
m
m
m
m
m
2,800
......
.
.......
.
.
.
.
«
8,365
7,066
1,702 12,800 5,240
7,477
66,850
carrying
bringing our data down to
:
Galveston—For Vera Cruz—March 17—Steamer Whitnev, 499.
New Orleans—For Liverpool—March
16—Steamer Texan, 4,635
March 17—Steamers Historian. 4,429; Red Sea,
4,878.
For Havre—March 21—Steamer
Frederica, 4,425.
For Hamburg—March 16—Steamer
Robinia, 1,205.
For Barcelona-March 17—Bark
Eucarnacion, 600.
Norfolk—For Liverpool—March 16—Steamer
Hampshire, 4,817....
March 17—Ship Rossignol, 4,313.
Boston—For Liverpool—March 12—Steamer Roman,
3,192
Yarmouth, 198.
Liverpool—March 12—8teamer Oregon, 2,344
Oranmore, 811—March 19—Steamer Sar¬
Baltimore—For
March
...
3 4—Steamer
dinian, 1.005.
For Bremen—March 14—Steamer
f
America, 2,152.
Philadelphia—For Liverpool—March 20—Steamer Lord Clive,
Below we give all news received to date of disasters
to
3els carrying cotton from United States
Mon.
Tues.
Wednes.
&C4
604
564
564
....
....
•
932
®32
Liverpool, steam d.
Do
sail ...d.
Havre, steam
Do
c.
Bremen, steam
sail
....
J132
c.
c.
Hamburg, steam
Do
°32
c.
sail
Do
....
c.
....
932®51G
sail...e.
Amst’d’m, steam
....
30*
c.
Do via Leith.*/.
Reval, steam
Do
....
d.
31G® *4
sail
....
Barcelona,steam
<1.
'
932
932
Thurs.
B64
...
.
ves-
Fri.
5G4
....
932
....
....
U32
“32
U32
1J32
1]32
....
....
....
....
....
9.32
932
....
....
....
30*
....
30*
....
316® %
....
....
30*
....
932
....
CO o *•
....
316® % 318®732 31G®732 31G®732
....
....
....
....
....
*3G4
310
13C4
1364
13G4
1364
1304
Genoa, steam
d.
13C4
316
316
3ig
3I0
Trieste, steam ...d.
4
15G4
15G4
15G4
15G4
15G4
Antwerp, steam </. 3S2«/7(54 332® 7C4 332®7fl4 332®764 332® 7G4
332®76i
..
*
Per 100 lbs.
Liverpool.—By cable from Liverpool we have the follow¬
ing statement of the week’s sales, stocks, &c., at that port.
We add
tW The price*
previous weeks for comparison.
Mar. 2.
'Sales of the week
bales
Of which exporters took
Of which speculators took...
‘Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American— Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
69,000
8,000
Mar. 9.
Mar. 16. Mar. 23.
5?;ooo
60,000
4,000
5,000
50,000
7,000
20,000
871,000
688,000
7.000
27,000
883.000
705,000
54,000
7,000
2,000
45,000
9,000
17,000
7,000
105.000
,98,000
78,000
184.000
163.000
‘80,000
179.000
138,000
895,000
705,000
88,000
64,000
156,000
114,000
Quiet.
54*
fte
8,000
54
10,000
54
14.000
1,000
1,000
10,000
1,500
2,000
Quiet.
Easy at
2-64 de¬
Steady at
Quiet.
1454 ad¬
Steady.
vance.
Easy.
Barely
steady.
Quiet
given in pence and Gkths
means
thus:
5 1-64(L
Sat., Mar. 17.
Open Big h Low. Clot.
Mon., Mar. 19.
4 63
means
Tues., Mar.
‘40.
Open High Low. Clot. Open High Low. Clot.
d.
d.
(L
d.
d.
d.
d.
d.
<L
5 10
5 19
<L
d.
5 19
519
519
519
519
5 19
5 19
Mar.-April. 519
April-May.. 5 20
5 19
5 19
519
519
519
5 19
519
519
519
5 19
519
519
520
520
5 19
519
5 20
5 19
5 19
519
5 19
5 19
5 22
519
5 22
5 22
519
519
5 22
5 21
521
521
5 21
5 21
5 21
5 21
5 21
March
d.
5 23
5 23
5 23
5 23
523
5 23
5 22
5 22
5 22
5 25
5 22
5 25
5 22
5 25
5 25
5 24
6 24
5 24
5 24
5 24
Aug.-Sept..
5 25
521
5 25
5 21
522
524
5 25
5 25
5 24
5 24
5 24
5 24
521
September.
Sept.-Oct...
5 25
5 25
521
524
524
6 25
6 25
5 24
6 24
5 24
524
5 24
5 17
5 21
5 17
5 24
524
5 17
5 17
5 16
510
5 10
516
516
516
516
510
Wednes., Mar.21.
Thurs., Mar 22.
Fri., Mar. 23.
.
Open High Low. Clot. Open High Low. Clot.
Open High Low. (Mot.
d.
<U
d.
d.
d.
d.
d.
<L
d.
March
5 17
5 17
d.
d.
5 16
5 16
518
518
518
dT
518
5 19
519
Mar.-April.
Aprll-May .
May-June..
June-July..
July-Aug
▲ua.-Sept..
September.
6ept.-Oct
5 17
518
5 17
5 16
5 16
5 13
5 19
5 18
5 >8
5 18
5 19
517
5 19
5 13
5 17
5 18
518
5 16
519
5 19
518
518
519
519
519
5 19
5 18
518
5 16
518
5 20
5 20
52)
5 20
5 21
5 20
5 21
5 20
5 20
5 19
5 19
5 20
5 22
5 22
5 21
521
522
5 22
5 22
5 22
5 21
5 21
5 21
5 21
5 23
5 23
5 23
5 23
5 23
5 23
5 22
5 22
5 22
5 21
5 22
5 21
5 23
5 23
5 23
5 23
5 23
5 23
5 22
5 22
522
5 22
5 21
521
5 23
5 23
5 23
5 23
5 23
5 23
514
5 14
5 22
613
5 13
5 22
515
5 15
5 15
5 15
5 10
5 10
515
5 15
..
..
BREADSTUFF
S.
Friday, P. M., March 23,1888.
The market for wheat flour has
sympathized with tbe de¬
cline in wheat, and prices yielded
slightly but not in a corres¬
In fact, the depression was wholly
restricted
to the medium and better graces.
The low grades were in
small stock and much
little
more
27,000
888,000
696,000
75,000
48,000
171,000
109,000
wanted, actually bringing in
Rve flour is cheaper, but
buckwheat flour dearer.
money.
some cases
meal
corn
Tc-day the whole
was dull.
The wheat market has been unsettled
and depressed
by
speculative manipulation. There was a sharp decline
on Mon¬
day, owing to the absence of any material reduction in
the
visible supply in the previous week.
Tuesday and Wednesday
prices continued to give way ; but on
Thursday a severe bliz¬
zard in the Northwest caused
apprehensions
regarding the
next crop, and these led to free
to cover shorts, upon
buying
which there was a slight
recovery.
But renewed
depression
occurred
to-day under speculative manipulation, which
seemed to receive its chief
impulse from Chicago. The lower
prices in the middle of the week, in conjunction with the
low rates of ocean freights, led to a brisk and
general export
movement, but the close is quiet at
89@99^c. for No. 2 red
winter, f.o.b., and choice spring 92}£c. in store.
DAILY CLOSING PRICES OF NO.
April delivery
May delivery
June delivery
July delivery
August delivery
December delivery
Indian
ings
61,000
6,000
2,000
48,000
7,000
10,000
1,000
Steady.
are
4 63-64d.. and 5 01
market
....
30*
5716
Firm.
otherwise stated.
steady and
....
932
5%6
Hardeni’g
opening, highest, lowest and closing prices of futures at
each day of the week are given below. These
prices are on the basis of Uplands, Low Middling
clause, unless
a
....
932
54
ponding ratio.
ports, &c.
Cotton freights the past week have been as follows:
Satur.
54
The
March 17—Steamer Bulgarian,
1.799.
For Yarmouth—March 20—Steamer
Freely
offered.
Liverpool for
March
14—Steamer Cephalonia, 1,933
Barely
supported
cline.
S
734
24,200
the latest dates
£
Barely
steady.
1,106
......
734
Below we add the clearances this week of vessels
cotton from United States
ports,
"
Quiet.
May-June..
June-July..
July-Aug..
Amster¬
CopenBrem.
dam
Eeval ha gen Barceand
and
and
and
Iona
HamAntC on- St. P’l’rs- and
burg. wtrp. siaitt. burg. Genoa.
1.610 1,702
100
Liver-
New York
N. Orleans.
usual
our
follows:
are as
500
)
...
Total
bri
7,000
J
4 p.m.
100
5,456
5,140
54
Market,
Market,
10,380
7,310
Irregular.
favor.
12:30 p.m.
Discoverer, 4,730
Saturnina, 5,650
In buyers’
Futures.
500
To Havre, per steamer Giudo, 7,310
To Bremen, per steamer Lawrestina,
5,456
To St. Petersburg, per
ship Heinrich, 5,140
\
Mid. Orl’ns.
Sales
Speo. & exp.
Alaska, 2,526....City
Sirius, 1,287
The
To Havre, per steamer La Gascogne,
1,055
To Bremen, per ste tmers Aller, 300
Werra. 200
To Hamburg, per steamers Bohemia, 850
...Rhaetia, 260..
To Amsterdam, per steamer Edam, 642
To Antwerp, per steamers
Pennland, 369..,.P. de Coninck,
691
To Copenhagen, per steamer
Thingvalla, 100
New Orleans—To Liverpool,
per steamers
p.m.
Mid-Upl’da.
Total bales.
New York—To Liverpool, per steamers
of Chicago. 3,026
Etruria, 159
Saturday Monday. Tuesday. Wednes. Thursday.
Friday.
Market, )
12:30
391
on
Sat.
904
904
89%
89
88*8
91%
2 RED WINTER WHEAT.
Mon.
89%
Tues.
894
90
Wed.
88%
894
8!)
894
88
8^4
88
87%
914
90%
88%
Thurs.
Fri.
88%
87%
80%
89%
89%
§8%
88%
88%
88
904
91
87**
66%
90%
87%
87%
.
became
almost; panicky in its speculative deal¬
Tuesday and Wednesday.
Bull operators, tired
corn
out, and seeing little prospect of relief, unloaded with the
greatest freedom. The lower prices led to renewed
buying
for export, and yesterday there was a
partial recovery in op¬
tions.
options
To-day the market
were cheaper.
was
more
active, but the later
DAILY CLOSING PRICES OF NO. 2
MIXED CORN.
April delivery
May delivery
June delivery
July delivery
August delivery
September delivery..
.
Sat.
Mon.
Tues.
Wed.
60
59%
60
Thurs.
587a
584
Fri.
584
57%
59%
58%
56%
59%
58%
57%
57%
57%
58
59
59
59%
59%
594
58%
59
59%
59%
58%
584
58%
57%
57%
57%
58
574
57%
58%
58%
(I^Oata were dull and drooping until yesterday, when the
Liverpool market for spots and futures each i oorUiar trade was more active, and
ending Mar. 23 and the daily closing prices life, giving a better range to values. speculation took on ne
To-day the market w
spot cotton, have been as follows;
quiet, but white oals dearer,
The tone of the
the week
<^ay of
.
DAILY
Mon.
Tues.
Wed.
April delivery
May delivery
June delivery
37%
37%
37%
37%
37%
37%
37%
37%
37%
36%
36%
36%
36%
1 PRICES
Sat.
April delivery
May delivery
39%
....
37%
36%
36%
36%
....
OF NO. 2 WHITE OATS.
Thurs.
Wed.
Tues.
Mon.
39
39
39%
39%
38%
38%
39
39%
39 *4
Rye find the coarser grains have remained
The following are the closing quotations:
Chicago, Illinois
Detroit, Michigan
Duluth, Minnesota
Fri.
Thnrs.
37
Spring wheat extras.
Minn, clear and stra’t.
Winter shipp’g extras.
Winter XX and XXX.
Patents
Southern supers
South’n com. extras..
and
family brands
Rye flour, superfine.
2 95
3 05
4 40
3 15
4 40
4 85
3 00
3 40
30®
50®
50®
80®
25®
10®
65®
3 00®
2
2
3
2
3
4
2
articles named
Brandywine.
Buckwheat flour, per
prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
l«ke and rive* ports, arranged so as to present the compara¬
tive movement for the week ending March 17, 18558, and emee
August, for eacn of the last three year*:
®
®
®
92
92
61%
White
No. 2 mixed.
No. 2 white
BarleyCanada No. 1
Two-rowed State..
60%®
61%
Six-rowed State....
®
94
88
88%®
90
85
87
Spring, per bush...
Spring No. 2
Bed winter No. 2...
®
86
85
58
Bed winter
White
Corn—West’n mixed.
West’n mixed No. 2.
Southern yellow...
Southern white....
60
61
bush.
69
Malt-State, 4-rowed.
State, 2-rowed
62
63
®
®
Buckwheat
®
37%®
39
40
®
41
95
83
86
97
90
68
®1 00
® 86
®
90
®100
®
93
® 70
1887.
Philadelphia
158
42
60
-10,120
305,253
0,07,2
107.018
385.466
135.173
134,453
302,850
205,561
3,954
152,700
491,529
98,425
203,309
3,021 040
1,29:,341
737,4 2 L
028,-31
120,271
355,592
0,008
53,306
6,002,228
1,208,284
471,4012,342,5)0
3.026.751
9.',530
2,644,048
2,254,582
1,320,103
3,045,005
1,927,000
10,148,700
8,053.190
11,611
3,157
36,090
6.906
10,220
7,762
81,476
218,259
80,150
958
344
5
1,470
884
2,521
15
357
125
2
209.075
4,201
228
618
3,988
2,102
5,134
19,310
‘40.010
512.1-4
42.061
9.244
229
28,883
27.122
172,035
1,129.458
2,271,790
044,254
425.185
30.921
1887-8
7.893.099
82.850.204
58.504 989
49.7r3.421
7,< 04 074
08.230.016
59.40 3.344
1885-0*
5.4-2.839
40,850,281
66,507,575
45,244.284
40,750,072
20.188 678
18.820 490
1.564,135
1886-7*
17.747,999
2,428,823
3,248
Boston
2,217,791
bush.
6,242.544
9.-38,413
8,460,189
3 182.415
4,617,137
16,351.280
23,690,762
Oats....
4,784,280
11,626,698
9,487.544
2,573,702
2,212.957
158,-32
9,075,545
3.035,030
372,043
9.417,511
Barley..
1,791,264
479,262
26,312,335
32,036,313
39,995,936
Baltimore ....
New Orleans....
San F.A Wil’m’te
|
4,197
242
78
120
31
125
-57
1,705
692
244
123
57
34
0,084
2,357
3,081
9,517
4,400
809
3,005
874
18.011
8,301
2b,b08
12,503
205,050
84,820
7,448
12,033
480,421
1,749,483
11,304
50,164
200
7
800,510
27,340
6.120
230,000
459,-0J
51.200
1,536
1,785,254
02,272
7,900
260
417
13,206
1
20
8,107
Boston
Philadelphia
82,014
2,482,680
0
01,000
7Ot>,05O
1,902
17,541
3,798,345
10,115
8,050
8,87 i
5,300
Philadelphia..
*
*
*
*
1,641,177
1,787
87,000
291-.305
Total,wheat-lio’r
Totals.
New York
Boston
Philadelphia....
Baltimore
New Orleans
Grand
14. .09.9*2
343,175
4,5ol,59u
12.a37.7l2
3,470,0.-8
1,425,606
5,0.8.427
1.241.585
47 0.524
2.405,904
120.500
4,723,675
4,010,003
5.892,453
5,401,053
51,090,331
44 015,255
412.649
107,251
48.31-1
359,976
140,554
1,476,579
3.25 ,355
1.238,3*3
4^2,827
2,012,752
14,109.944
6,310,5.0
132,707
14,233
1,840,270
542,214
197,650
1,406,577
14,707
49-, 125
70,205
987.512
4,578,850
9*0,381
•
*
*
•
•
3,747.553
*****
*
094,614
•
•
•
********
930,307
exports from
093.hl7i
153,000
1,307,093
2.522,340
362,045
....
1.935.0-4
31,040
146.719
200,902
741,007
472,051
2.941.008
2.154.302
4,396,711
8,201,344
37,021,092
35.439,979
3,016
13,760
117,886
9,lHO.0ufi
5.407.780
10,374.934
2,897,57 j
1,344,285
15.5 9.807
003,482
0,037.131
11,881,450
*91,797,818
other customs districts for the month
of Feb., 18s8;
650
250.142
46,970
17,2uo
3,332
5,345
138,760
17,345
531.051
254.329
38,985
II ye,
bush.
550
bush.
38.700
12,9 *0
3,770
900
15,000
.
•
•
100
2,550
70,460
470,853 149.965
1,540,803 1,747,870
•
1,000
13,526
week
exports
from—
New York
Boston.
Wheat.
Corn.
Bush.
Bush.
| Flour.
78,824
40,407
316.860
60,821
33,916
Bbls.
Oat 8.
Rye.
Peas.
Bush.
Bush.
Bush.
4,565
••••mm
17,571
176,857
322
Tot. w’k.
454,600, 485,113
S’me time
1887.
1,897,172 1,187,816
236,818
4,383
214,129
7,812
2,500
.
..
-The
667
8,710
95,510
43,000
2,470
1,883
61,779
49,428
7,643
25 437
163.588
.
Baltim’ro
N. Orl’ns.
Exports
tor week
to—
1888.
Ifee A;,
Mar 17.
Bbls.
4887.
Week
Mar. 19.
Bals.
Cont’nt..
S.dtC.Am.
193,307
1.451
25,6 9
161.625
11,797
24,943
W. Indies
12.867
Brit, col’s
Otb.c’n’ts
3.165
13,22 •
1.372
399
1,163
Total...
236,118.
214,129
1887.
Week.
Mar. 19.
Bush.
Bush
1888.
Week,
Mar. 17.
Bush.
198,492 1,078.036
813,191
256.108
5,945
mmmmmrnm.
m
m
We add the
Corn.
1888.
Week.
Mar. 17.
u
52,050
24,944
for comparison.
Wheat.
Flour.
11,847
below.
destination of these exports is as
corresponding period of last year
Un.King.
735,100
2,490.322
779,201
bv*h.
93.000
68.169
6.300
The exports from the several seaboard ports fur the
ending March 17. 1888, are shown in the annexed statement:
10,022 559
10,028,
48-.0i2,
902,072
370,272
2,040,399
iio.oas.924
.
5,020,028
301,605
...
total
Value pf
470,947
2,305,090
3,881,188
6,003,514
85,878
2*1,121
437.782
413,002
834.405
81.199
1,975,9- 8
108,450
•
71,740
Total week. 167,473
Riclmi’d
101.504
Oals,
bush.
63,012
36,170
for the
Barley,
Corn,
9,956
33,389
43,751
10,422
17,403.037
1,940.- 09
3,193,197
the seaboard ports
bush.
13,086
29,0i 3
19,703,285
bush.
Wheat,
Philadelphia...
Philadel
3,009.230
Rye,
bush.
757,753 86.795
804,109 04,790
Montreal
848
3,225,116
Barley,
bush.
1.884,058 4,548,074 3,5 8,655
4,549,720 4,977,e 94 3, >22,762
7.190
19.200
Richmond
Norfolk, Va
New Orleans...
Oals,
185,899 ■22,574
138,083 20,046
17 1,403
18,446
259,368 25,729
4,400
Baltimore
Like and river
776,061
842.057
925,049
985.488
445,178 1,068,914
515,023 1,023,998
483,730 1,489,322
18,643
2,530
993
1,481,433
bush.
965,840
44,698
N. News
Norfolk..
*
Corn,
410.127
394,483
392,633
406,579
427,201
Boston
410
24,250
3,349
bush.
A t—
New York
700
37,303
37,654
269,235
2,048
121,810
49.095
Wheat,
bbls
bbls.
Portland.
13,050 i
380,750
Flour
The receipts of flour and grain at
week ended March 17, 1888, follow:
3.576
24,980
329,430
shipments from Western
weeks were:
Tot. 4 wks.. 1.620,896
4 wks 1887.1,300,926
5,997
12,037
s
Baltimore.... .
New Orleans...
114,324
17,701
3o4,0i;7
89,157
New York
Boston
479
30.0 8
8.389
12,037
1.930
41,0- 0
Baltimore
New Orleans....
8"l
17,701
Boston
10/88.
3/88.
25/88.
.-
*
Philadelphia...
711
1.391
81
Baltimore...
New Orleans
Total, rye
Wheat, bush.
New York
Total grain... 28,782,358Include one week extra.
Oor. week ’87.. 297,18 L
1,909
204,420
88
310,134
Flour,
9.006
270,819
Total, oatmeal.
Rye, bush.
New York
1.215,318
103,493
1,580
3,808
1,942
1,171
02,300
31,002
2,836,924
2,876.497
1,293,226
1,50-. 108
08,711
6,356
'1885.
*1886.
1887.
3,968,806
M r.
Mar.
Feb.
33,423
’
Philadelphia....
follows;
as
....bbls.
072.221
273.000
14,a34
"
Total, oats
Oatmeal, lbs.
New York
comparative shipments of flour and grain from the same
Jan. 1 to March 17, 1888, inclusive, for four years,
Week
end in g—
Mar. 17, ’88.
12,800
Philadelphia
1,585.245
Include one week extra.
ports for last four
40,566
Boston
....
373.250
4,861
180,530
16,776
Baltimore
New Orleans.
San F.&Wil’m’te
Other cus. dist’s*
10,141
7.160
.
338,415
The rail and lake
085,3 3
193.876
606.702
Total, corn-meal
Oats, bush.
New York
22,800
1,232.721
1,228.302
*
172.097
1,028
312.840
Rye
311,593
5
181,000
1,894.653
*
220
14,130
San F AWil’iu’tc
Other cus. dist’s*
9,500
1.9 8. '.79
Value.
24.303
75
57,316
3,150
57
550
1,702.115
Wheat..
45,711
Baltimore
New Orleans
21 570
4,900
35,011
1.223.125
show
73.163
Philadelphia
22.279
107.555
ports from
Total, barley
Corn, bush.
New York
Com-aneal bbls.
20.257
34 4,005
232 186
Tne
18,725
New York
Boston
30.653
44.421
250,938
*
40.861
4,850
Total, corn
5.837
..
Since Any 1.
67,100
6,063
Baltimore
New Orleans
San F.&Wil’m’te
Other cus.dists*
16,9:33
22,483
Same wk.’80
San F.&Wtl’m’te
Other cus. (list’s*
Philadelphia
000
10,060
Tot.wk. ’88.
Eight M<mths.
i
4,010
5,578
618,249
2.19,504
227,334
514,689
378.426
5,015
271,345
3,330
Same wk.’87.
Boston
Boston
3.196
45-,010
Flour..
$
$
Baltimore
New Orleans
98.055
291,012
1887-88.
Quantities
Value.
Qu'ntities
Value.
Barley, bush.
New York
....
7,510
41.020
1888.
1888.
Quantities
13,010
80.000
Minneapolis.
:
February.
Breadstuff8 Expts
204.000
34.000
Duluth
February, 18F8.—The fol¬
lowing, made up from the statement issued by the Bureau of
Statistics, shows the exports of domestic breadstuffs from the
under-mentioned customs districts of the United States for
the month of February in 185:8 and 1837; am tor the eight
1887
1.210,903
10,240
742.791
146.029
Peoria
Exports of Breadstuffs for
months since July 1,
BusU.SQlb*
112.45i
3t. Louis
74
®
Bu. 50 lbs
103,435
30,798
3,183
4,205
-
Toledo
Cleveland.
Bush 32 lbs Bush.48 lbs
Bbls.VsWbs Bush.QOlbs
Chicago
Milwaukee...
Detroit
®
Rye.
Barley.
Oats.
Corn.
Wheat.
Flour.
Receipts at—
2 50
40
44
37
39
Oats—Mixed
State & Pa., $
2 60
GRAIN.
Wheat-
of the
is indicated in the
of breadstuffs to market
The movement
3 00® 3 25
3 20 ® 3 25
2 45®
100lbs
cent of the entire exports
about 98 per
from all ports Of toe country.
statement below,
$3 50®$43 35
55
3 30 ®
2 35®
Fine
Corn meal—
Western, &o...
243,989
$362,045
Total....
Notk.—This statement includes
Fri.
39%
39%
nearly nominal.
Southern bakers’
$ bbl. $2 20®$2 55
Superfine
79,447
Milwaukee, Wis
FLOUR.
Fine
$404
Portland, Me. — ..,
Richmond, Va
Yorktown, Virginia
32,570
Huron, Michigan
Miami, Ohio
Conn
New Haven,
16,629
«razos, Texas
NO. 2 MIXED OATS.
CLOSING PRICES OP
Sat.
*
fVOL. XL'S I.
THE CHRONICLE
392
m
m
m
m
mm
m
mm
*
m
454,600 1,897,172
324,263
154,584
1,578
4,331
25
332
1887.
Week,
Mar. 19.
Bush.
561,456
600,294
8,675
16,216
1,175
485,113 1,187,816
By adding this week’s movement to our previous totals we
following statement of exports this season and last
have the
reason:
THE CHRONICLE
1S88.J
Wheat.
Com.
ued at $746,269: and 6,543 packages, valued at $427,345. have
gone to South America.
For the similar period of 1887
the exports to all ports reached 50,118
packages and in 1886
were
52,873 packages.
There was a somewhat freer
demand for staple cotton goods by
jobbers and the manu¬
Sept. 1,’S7. Sept. l.’Sd, Sept. 1,’87, Sept. 1,’80. Sept. 1,’87, Sept.l,'b0
Exports to— to March
17, 1888.
Bbla.
Un.Kingdom
to March
to March
to March
to March
to March
19. 1887.
17. 1888.
19, 1887.
17, 1888.
19.1887
Bush.
Bush.
Bush.
Bush.
2,851,434
6.550.97s
59,«¥>
405.9.70
305,729
18.578
22.625
44,840
Bbls.
3.792.570
302.308
10,084.215
Continent...
4.767.5P9
204.001
7.940,890
23.752,072
15,333.049
8. AC. Am...
577.575
(545,357
21,000
31.874
212.849
West Indies.
526.876
448.725
180,200
402,0-5
18,915
297,0!) 4
19,055
4,505
3.071
Bnt. Col’nles
23,814
22,130
100,090
0,550.551
5.509.828
18.991.S55
39.221.302
Oth. countr’s
Total
•
•
•
•
.
facturing trade, but selections
9.259.065 14,949,828
.
X2.591.922122.275.505
The visible supply of grain,
comprising the stocks in granai.*
principal points of accumulation at lake and seaboarc
active than the
was more
c
at the
ports, and in transit by water, March 17, 1888:
Wheat,
In store at—
New York
Do
afloat
bush.
611.209
4,590.431
90,000
35.000
1,107,735
Albany
Buflalo
“
Corn,
bush.
5.000
98.5wO
afloat.,..
27,039
Milwaukee
afloat...
2,150,285
Duluth
Toledo
Detroit
Oswego
45.000
30.000
2,048,413
25,000
17,000
105,263
151,432
285,008
325,102
1,940,993
55,000
130,000
184,782
73,339
224,358
47,543
251,894
109,195
110,078
727.272
7,003.883
590,561
“
“
afloat...
Cineinuati
Boston
Toronto
Montreal
Philadelphia
Peoria
8t. Pauf
38,539
253,4 >0
30,072
7,330
10,533
15.764
18,932
832,802
7,433
41,528
211,200
20,401
155,000
102,284
18,090
56,330
70,730
430,091
184,385
113,011
30,000
70,000
2,050
997
181,307
3,950
13,151
47,008
6,422
47,207
21,lli 8
900
07,200
7,000
0,300
corn
on
Wheat.
To United Kingdom ..qrs.
To Continent
Total quarters
Equal in bushels
Same week in 1887..bush.
The exports of
restricted
mere
240,000
368,021 2,030,210
378,299 2,235.323
39o,905 1,583 7f>0
577,020 1,053,009
304.070 1.380.975
254,000
90,000
amount of
commission
quiet
as
rooms
presented lirge lin-s of
offerings
Importations of Dry tioods.
•
180,000
220,000
-
180,000
00,000
;’d
P
17.
13,120,000
12,380,000
for
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York, Friday, March 23,1888.
in the demand for dry goods
35,141 packages, valued at
Of this tot&l China has had 15,286 packages, val¬
Total
for
;s
!
Cp
p
rt
co.
£=••••£
*
'
•
1
CD
o
’d
to*. C-2
ej :
W
240,000! 25,500,000
Total
rt-
C-b
7' R Z 7 oO H
rt
;
40,000
Mar.
goods, silks, &
and the
(lisp sod of at fair average
importations of dry goods at »h>3 port for the week
ending March 22,1888, and sines Jan. 1, and the s ime facts for
the corresponding periods of last year arc as follows :
H
r
g
fS
&
£
i
j H BR
c
!
e
April 1 fo
Domestic Cotton Goods,—The exports of cotton
goods
from this port for the week
ending March 20 were 1,667
packages, valued at $108,827, These shipments include 608
to South
America, 450 to British East Indies, 201 to China,
149 to Central
America, 112 loWest Indies, 72 to Mexico,
71 to
Liverpool ano 4 to all other countries. Since the 1st of
exports aggregate
were
there
The
P
spasmodic ;and irregular, some
fairly active days having been followed by others of compara¬
tive quiet.
The tone of the general market was fairly steady,
but the upper tendency of
staple cotton goods, etc., has seem¬
ingly been arrested by the decline in cotton and a consequent
recent lull in the demand for
goods. A large auction sale of
drees goods was announced about the middle of the
week, and
this had a somewhat
disquieting effect upon the market. The
sale (which will take place next
Tuesday) will embrace the
entire prod uction of spring
fabrics to date of the Arlington
Mills, viz.: 1,000 cases cotton warp dress goods and 5,000
pieces
wide all-wool fabrics, the
largest public offering of its class
ever made in this
city.
tne
Gassi-
cress
were
prices.
2,014.000
330,000
10,112,000 2,OsH,000
20,088,000 2,890,000
There was some improvement
the past week, because of more favorable weather
conditions
and better facilities for travel and
transportation, but the
volume of business was by no means
large, and it is now prob¬
able that the March trade in the wholesale branc' es will
not
reach the liberal proportions of last
year.
There was a fair
sprinkling of wholesale t uyere in the market, but their selec¬
tions were individually light and
collectively moderate. The
order demand from the Southwest and South was
fairly satis¬
factory, but re-orders from the "Western markets were hardly
up to expectations, and near-by jobbers bought
sparingly as a
rule.
The jobbing trade was
January
road.
season.
greater part of the
259,000
77,000
GOODS TRADE.
New
the
on
a
■
DRY
houses
coatings
and
overcoatings
regards new transactions, but
Foreign Dry Goods.—There was a moderately good de¬
mand for foreign goods at jobbers’ hands, but business ruled
quiet in importing circles.
Prices remain unchanged, and
neirly all desirable fabrics are st acily held. The auction
:
THE
was
volume, though some p etty good orders were
buyers on the f-pot and with the represen¬
worsteds,
for next
as
Corn.
1,792,000
222,000
Week end'g Week end'g
Mar. 17.
Mar. 10.
bush.
wear
little animation, and business
very
in
rt
Total
1,547,000
place! by cloak
Jersey cloths and st-o kinets were iu mod¬
erate request, and desirable n ak* s are
steadily held. Ken¬
tucky jans, doeskins and eatinets rule 1 quiet at unchanged
prices, and dealings in flannels and ol tokets were compara¬
tively light. All-wool and worsted dress goods were in fair
demand in the fore part of the wees, nut since then
buyers
have bought sparingly because of the impending auction sale
referred to above.
Carpels were f i ly tetive in jobbing cir¬
cles, but relatively quiet in first hand -, and a fair business was
done in wool hosiery, heavy underweir and
cardigan jickets
wheat from India for the week,
year and
bush.
bush.
171,000
fair movement on account <>f back orders.
Cloak¬
were rather more active in some quarters, very fair
orders for low grade fancies hiving b*en
was
below:
To United Kingdom
To Continent
474.000
200,000
ings
Wheat.
2,105,000
344,000
10,840,000 2,752,000
20,104,000 3,004,000
Brj)ort8 of Wheat from India.
20,000
500,000
423,000
324.000
300,000
Woolen Goods.—The market for men's
of
s,
mostly
59,300
Corn.
1,865,000
122,000
72,000
32,000
57,000
17,000
35.000
9.000
displayed
placed by
tatives
ending Mar. 21. Week ending Mar. 14.
Passage.
season are as
Domestic
woolens has
2,191
at the dates mentioned stood
passage
Week
on
16,099
St. Paul not included.
follows:
Crain
130,700
3,000
According to Beerbohm’s London cablegram, the
wheat and
1895.
Mar. 21.
manufacturers.
Tot. Mar. 17.’88. 36,257.747 0,298,420
4,200.815
Tot. Mar. 10. ’88 30,062.387
9,202.103 4,420.317
Tot. Mar. 19, ’87. 53,173.425 10,303.002
4,098,771
Tot. Mar. 20, '80* 50,535.408 10,735,518
2,491.409
Tot. Mar. 21, ’85* 43,700,592
8.194,5o3 3,092.075
Minneapolis and
1880.
Mur. 20.
in moderate demand, but there was a fair
drees fabrics, as sateens, lawns, batistes,
percales, &c.; and “ woven wash goo is.” as gingham**, seer¬
suckers, chambrays, &c., were distributed in very fair
quantities.
450,000
40,000
1987.
Mar. 19.
Prints were only
business in printed
...
230,755
11,40 4
95,484
Total stock (pieces)
320,292
1,429,943
On Mississippi....
On canal <fc river.
*
32,484
46,729
15>,6\>0
340,750
473,241
12,954
Kansas City
Minneapolis
49.050
65.128
1888.
Stock of Print Cloths—
Mar. 17.
Held bv Providence manufrs..
4,000
Fall River manufacturers...
None
Providence speculators
None
Outside speculators (cst)
5,000
bush.
7,370,217
1,085.717
Indianapolis
Baltimore
bosh.
13 060
Barley
29,307
40,000
8t. Louis
91,300
70,610
49 ooo
2,772,205 l 070.518
1.495,732
5,449 511
“
Rye,
8,000
138,181
afloat...
Chicago
Oats.
bush.
850.782
averaged
light. The jobbing
previous week, but barely up
to expectations.
Prices of plain and colored cottons are
without quotable change, and the most desirable makes are
cteadily held, but outside makes favor the buyer in some
cases.
Print cloths ruled quiet, but prices remain
unchanged
(at 3?&c. for 64x64s and 3^0. for 56x60*), because of the
excep¬
tionally small supply on hand. Stocks last Saturday and for
the three previous years were as follows :
trade
1
Flour.
393
1
March 24,
I
i
.
00
cc
00
•
—
t
~
t
*
.
:
|
1
i
I
THE CHRONICLE
394
H.S
Canadian and Wovetau
FOREIGN.
[ESTABLISHED 1818.]
912,000,000 Gold
96,000,000 Gold
Railway Share Trust Co.
LONDON, ENGLAND.
NEW YORK OFFICE:
No*. 59 Sc 61
WATSON.)
{ Agents.
Alex’r Lang,
Buy and sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Travel-
available in any part of the World;
and make collections in, Chicago
throughout the Dominion of Canada.!
ars’ Credits,
tune drafts on,
_
London Office. No. 22 Abekurcli Lane.
Imperial Bank of Canada.
91,500,000
-
This Company undertakes the business of Trustee
to
Loans
of
approved Railways, negotiates and
Issues Loans on the London Market, acts as Agent
for
Railways and other Corporations, either in the mat¬
ter of payments
of Interest
on
Loans, Dividends or
Registration of Stocks In London, or otherwise.
Branches in
Cable Address—Patt, London .
Calgary,
Agents In London:
Agents in New York:
Lloyd’s Barnett’s & Bos.nouet’B Bank, limited.
°*
Collections promptly made in any part of Canada.
Drawers of Sterling Exchange.
BANK
Montreal.
The Merchants’ Bank
CANADA.
OF
Capital, Paid Up.
Reserve,
HEAD
•
$5,799,200
•
•
1,700,000
OFFICE, MONTREAL.
ANDREW ALLAN, Esq., ^resident.
ROBERT ANDERSON, Esq., Vice-President,
HAGUE. General Manager.
JOHN GAULT, Branch Superintendent.
GEORGE
BANKERS
:
LONDON, ENG.—The Clydesdale Bank (Limited.)
NEW YORK—The Bank of New York. N. B. A.
A general Banking business transacted. Letters
of Credit Issued, avallable.Jn China, Japan and
other foreign countries.
New York:
Agency, No. 61 Wall Street.
HENRY HAGUE,
1
JOHN B. HARRIS, JR.. J
Bank
British North America.
52
No.
REGISTRATION OF
STREET.
WALL
American
Railway Shares.
THE ENGLISH ASSOCIATION OF AMERICAN
BOND AND SHAREHOLDERS (LIMITED) are
prepared:
1. To obtain Registration of American Railway
Shares in the name of the Association, lodge them
with the London & Westminster Bank, and issue
airainHt the deposited Shares the Certificates of the
Association, countersigned by the Bank. The certi¬
for dividends attached, and
upon presentation of the advertised coupon at the
office of the Association the dividends may be ob¬
tained the same day they are payable in the U. 8.
2. Or they will obtain Registration of Shares in
the name of the Association, deliver up the Shares
ficates
have
coupons
duly endorsed to the owner, and pay the dividends
Association in London
the
at the office of the
same
day they are payable in the United States.
3. Or they wiU obtain Registration of Shares in
the owner’s name, and collect the dividends by
power of attorney.
Under plan No. 1 British holders of American
shares are enabled when necessary to take immedi¬
ate combined action in voting, the power being used
by the Association on instructions from holders of
certificates representing shares in any particular
This plan also affords absolute security to
lenders of money on American shares, as Associ¬
ation certificates are only issued upon newly-verified
railway.
share certificates.
The original American shares can always be reexehunued atshort notice, free of expense, on pre¬
sentation of
the Association’s Certificates at the
office.
The charge for registration and for the Associ¬
ation’s Certificates is 3d. per share.
SAMUEL POPE, Q.C., Chairman.
JOSEPH PRICE, Managing Director.
F. P. BAXTER, Secretary.
Nos. 5 and fi Great Winchester St., London, E. C.
The Association acts as Transfer Agents in Con¬
don for A merican Railway Companies, in conjunc¬
tion with the London agents ot the Mercantile
Trust Company of New York as Registrars.
Blake, Boissevain & Co.,
OF
Buy and sell Sterling Exchange and Cable Trans¬
fers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia and San Fran¬
cisco.
CIRCULAR NOTES issued in Pounds Ster¬
ling, available in all parts of the world. COMMERCIA L CREDITS ISSUED for use in
Europe, China, Japan, East and West Indies and
the Rraiils, River Plate, Ac.
Bills collected and other banking business trans¬
acted.
50. A. McTAVISH,) Vrrents
H. STIKEMAN,
\ Agents^
LONDON,
i.M. TOWNSEND, Agent, 50
ENGLAND.
THE
&
ASSETS, about $650,000
approved forms.
Agents will appreciate the advantage of dealing
a company which does more than one line of
with
business.
OFFICERS.
Wm.M.Uicuauns.Prest. Geo.F.Sewakd.V.-Prest.
John M. Crank, Sec.
Roht.J. Hildas, Ass. Sec.
DIRECTORS.
Geo. S. Coe.
A. B. Hull,
A. S. Barnes,
H A. Hurl but,
A. E. Orr,
J. ILVermilye,
G. G. Williams,
John L. Riker,
Wm. M. Richards.
Ike
STOCKS
ON
WEDNESDAYS
Special
attention given to
the
execution of
LonExchanges, in corres¬
orders for Securities on the New York,
don and Amsterdam
pondence with
18
BROTHERS
Wall
State
&
ADRIAN II. MULLER & SON,
No. 1 PTNE STREET. NEW YORK.
ESTABLISHED
CO.,
Street,
Reserve
Fund,
-
-
-
-
-
**,<100,000
l.R00,000
-
5 50,000
general banking business. Issue Com¬
mercial Credits and Bills of Exchange,?! vailuble In all
Transact
a
partsof the world. Collections and orders f<>r Bonds,
Stock?, etc..executed upon the most favorable terms.
FRED’K F. LOW,
)xIo„u„n„
IGNATZ STEINIIART, 1 Managers.
P. N.
LLLENTHAL, Cashier,
PRINTER*
AND
Supplies Banks, Bankers, Stock Brokers and Corpo¬
rations with complete outfits of Account Books and
Stationery
tar New conoerns organising will have their orders
promptly executed.
STREET,
No. 1 WILLIAM
SOFT A RHU
^nsituance.
The United States Life
Insurance Co.
IN
THE
CITY
OF
(ORGANIZED
Boston, Mass,
NEW
YORK.
IN 1850.)
261, 262 & 263 Broadway, New York.
BOISSEVAIN & CO.
GEO. H. BURFORD, President.
Holland.
Heinemann &
A Wheelwrigut, Asst. Sec.
Wm. T. Stan den. Actuary.
Co.,
62 Gresham House, E. C.,
LONDON.
Authorized Capital, -
-
R. Cole*
Eugene
STATIONER
1855.
Street, New York,
Corporations, Firms and Individuals upon
favorable terms; also orders for the purohase and sale of Bonds, Shares, £«., Ac. od
the Stock Exchange.
Interest allowed on Deposits, subject to 60-day»
sight drafts, at Bank of England rate, and
one per cent
below that rate subject to
-
SATURDAYS.
-
BLAKE
Solicit accounts and agencies of Banks, Railways
-
AND
Commission Business.
BOSTON CorreapeDrt’t*. Massachusetts N. Bk.
Paid-up Capital,
BONDS,
AMD
C. P. Fkalkigh, Sec.
-
CJt»o F Seward.
Undersigned hold REGULAR AUCTION
SALES, of all classes of
TEB
-
T. S. Moore.
J. Rogers Maxwell,
STOCKS and BONDS
At Auction.
mission, and transact a general Banking and
Amsterdam,
^8B LON DON. Head Office, 3 Arnrel Court,
SAN FRANCISCO Office, 200 8 .ns me St.
NEW FORK Correspondent*.
J. & W. Seligman & Go.
J.G. McCullough,
Negotiate Railway, State and City loams.
ADOLPH
C(LIMITED).
CASUALTY CO.
OF NEW YORK.
/HANOVHR
AND
Anglo- Californian Bank
Wall St.
Issues SURETY BONDS, guaranteeing the fidelity
of persons in positions of trust, such as employees of
Railroads Banks, etc., also Administrators, GuardittU8 0Lc
*
Issues ACCIDENT .POLICIES,
containing all
modern features.
Also PLATE GLASS and BOILER POLICIES of
Execute orders for Bonds, Shares, etc., on Com
28
FOREIGN.
7,500,000
Nos. 214 A: 216 BROADWAY.
Agents in the United States,
POOR * GREENOUGH. 36 Wall St.
THE
OF
JAGENCY
AffHnt.
3,900,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travellers, and negotiate or collect
Rills payable at Bombay,
Calcutta, Singapore,
Saigon. Manila, Hong Kong, Foochow,
Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hlogo, San
Francisco and London.
CAPITAL. $250,000.
TORONTO.
Ontario.—Essex Centre, Fergus,
$7,500,000
FIDELITY
D. R. WILKIE, Cashier.
Galt, Ingersoll, Niagara Falls, Port Colborne, St.
Catharines, St. Thomas, Toronto (Yonge St. Br.),
Welland, Woodstock.
Branches in Northwest—Winnipeg, Brandon,
CORPORATION.
Reserve Fund
Reserve Liability of Proprietors
T. R. MERRITT, V.-P.
HEAD OFFICE,
BANKING
Paid-up Capital
550,000
.
Up, £911,360 Sterling.
Capital Paid
or
CAPITAL, (paid up)SCRPLU8
HOWLAND, Pres’t.
J.STtranh,
Hong Kong & Shanghai
WALL STREET,
WALTER
-
Telegraphic transfers made.
Deposits received In London at interest for fixed
periods, on terms which mav be ascertained on ap¬
plication.
PRIDEAUX 8ELBY. Secretary.
BUILDINGS
BANK
4
No.
(Incorporated by Royal Charter, 1835.)
4 Threadneedle Street. London*
Paid-up Capital, ...... £1,600,000
Reserve Fund. .......
800,000
Reserve Liability of Proprietors
under the Charter
1,600,000
Letters of Credit and Drafts Issued on any of the
numerous branches of the Bank throughout Aus.
tralla and New Zealand.
Bills negotiated or sent for collection.
(LIMITED).
-
Hon. Sir DONALD A. SMITH, President.
W. J. BUCHANAN, General Manager.
and
The Bank of Australasia.
THE
Bank of Montreal.
-
foreign.
faults and
CANADIAN.
CAPITAL Paid In SURPLUS
...
[VOL, XL'VI,
demaud drafts.
Negotiate Railway, State and City Loans.
Increase in Assets over
-
Increase in New Business,
Increase of Business in
-
-
•
9100,000
-
-
-
40 per cent.
-
92,400,000
Force,
POLICIES INCONTESTABLE,
CLAIMS PAID PROMPTLY.
TEN DAYS’ GRACE.
ABSOLUTE SECURITY.
The inoat
liberal and equitable contract
consistent with
recognized business prin-
ciples.
GOOD AGENTS, desiring to represent
the Com¬
Invited to address J. 9. GAFFNEY,
Superintendent of Agencies, at Home Office,
pany, are
@FedFRASER