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W
AND
HUNT'S MERCHANTS' MAGAZINE,
BBPRBSENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES]
[Entered according to Act of Congress, In tbe year 1891, hy
VOL.
Wh.
B.
Dxna &
00., In the office of the Librarian of Congress, Waablngton, D. O.)
SATURDAY. MAKCH
62.
NO.
28, 1891.
1,344.
Compared with a year ago the week's exchanges make a
more favorable showing than has been the case of late, the
decrease in the whole country reaching but 8'3 per cent
against 18'8 per cent in the previous week. At New York tho
falling off is only 8'9 per cent, but at some other cities the
Terms of Subscription— Payable In AdTance:
$10 20
For One Year (Including postage)
do.
6 10
For Six Months
11 50
losses are quite important, notably Wichita, 27'3 per centj
Europpan Subscription (Including postage)
6 75
European Subscription Six Months (Including postage)
Denver, 26; Lexington, 25*5, and Duluth, 20 per cent. On
*2 8s.
Annual Subscription In London (including postage)
*19».
do.
do.
do.
Six Mo9.
the other hand the clearing houses prominent in ratio of gain
These prices Include the Investors' Supplement, of 150 pages,
are Glalveston, 62'6 per cent; Tacoma, 43'6; Peoria, 86'8; Los
Issued once In two months, and fumistied without extra charge to
subscribers of the Chronicle.
Angeles, 81'7, and Norfolk, 31 per cent.
A Hie cover Is furnished at 50 cents; postage on the same Is 18
eents. Volumes bound for aul/scrlbers at $1 00.
Subscriptions wU be continued until defluitely ordered stopped. The
Wuk BtuMn« Jfarch 21.
Wiek Und'g ifcK li.
pubUshers cannot be responsible for remittances unless made by drafts
P. Cent.
1880.
or Post Office money orders.
P.Omt.
.
Terms of AdTertisIngr.
New York
of—
Advertisements ordered for less than one month. In the Commercial Saif
& Financial Chronicle, are published at 25 cents per line each inser- iStoclu
(Cotton
tion. When orders are definitely given for one month or longer, a lib(Grain
eral discount Is allowed, and the net prices maybe obtained on applica{PttroUvm
tion at the oHIce. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each insertion, making $58 for Itoston
one inch space one year. Space is measured in agate type— 14 lines to rrovidonoe....
*W».)
&
initiAM
^LUAM
B
B.
n»N» WltLIAM
DANA.>
B. DANA ^fc Co., PablUtaen,
iiiam Street,
Street,^ NEW
nKt* YOKK.
10* WlIHam
Post Office Box 958
(
PLOTD.
table, made up by telegraph, etc., indicates
bank clearings of all the clearing houses of the
Jnited States for the week ending to-day, March 28, have
against 11,015,889,287, last week and
>een
$889,981,923
The following
5960,883,108 the
worceiter
Portland
WUk
Oleabinos.
Teltffraph.
1891.
Ending March
1890.
PtrOmt.
MMOB
IdlMelpbls
i*lttmore
kloaco
Vl4)iUa
lev Orleuu
Total
kU clUes, 5 day*..
JlBlttM,
ia»y
,
Total all oltles for
week.
-e-8
-7-1
-34-6
-32-3
-1-0
-t-6-3
-flO-0
$762,066,712
127.916,211
$796,644,640
164,338,468
-4-8
-32-3
$889,981,923
$960,883,108
-7-4
21,
with the comparative
I
March
14.
-1-0
1,063306
-11-7
1470391
6943V8
-1»T
-<n
—12^
-17-0
56,806386
11399,060
-18-8
-18-*
-K>'6
-1-196
12,736,276
8,706.133
-irt
-)-30-»
1,816332
-i-8-6
808,916
786,948
1.466,868
-l*»
93,087,979
108,015.621
-8-6
91.145,729
-14-7
80,642,317
13,418.960
4,986.632
6,299,206
4,880,163
68.613.696
18,261,850
4.731,463
4,887,110
4.383,963
8,037,900
-H5-8
-H;2
77,807.908
-f-14-6r
12381.800
+1-1
4*8
-0-8
4,978,179
6,702,186
4,443,009
-97
-fl-9
3318.20O
+13-4.
4-40D
Brraouw
Bochester*
Total Mlddl*.,
Chleago
'
Cincinnati
Hllwaakee
9337,600
1,743300
Westam
-I-9-6
-70
1,721,186
-i-86-3
768,306
787,031
—8-4
1,771,888
1.871,738
1,014,939
114,784,189
103,833,363
Hl-6
118399,806
18.968,758
1,894,872
860.367
13,473.029
1,484,086
1,022.473
-I-86-9
^27^
-71
18,488,668
1,680,188
863,161
e^.'i.TOO
886311
-t-48-«
8M,761
775,646
689,100
-Hll'7
Ban FraneUoo....
Portland
Smttle
Taooma
Lo* Anreles....
Salt]LaieCltr*.
1,302,434
Total Paotllo.,
31.676,449
17364.900
7,993304
9,703,087
+860
—178
MlnnewolU..
6,867,686
4371,997
-1-26-4
St. Pali
8,408342
8388,406
^080,914
] 397.068
1,448316
616,866
473,218
872,623
»,S11,949
4.786.373
6,63H.0O3
1,669,868
1,647,160
889,807
658,703
710.834
334,703
886,666
80,500,841
34.486,616
30373.866
10,828333
19342386
Omaha..
Denver.
Dalnth.
St. JoMpta...,
Blonz City...,
1,019,470
Dm
604311
MMnee.c
Wloblta
7,486,113
8,oi8,aas
<
3331.888
,
Chattaaooca
BlrmlnBhaai
Lexlnctoa
Hooston*
Mot Included
-4V
--B-7
-«*
+u-»
+904
-719
746.070
32,693307
8,316377
6364.183
-10-5
8,730,108
4,779,036
-88
4398,440
-30-0
-13-4
1366,963
— W8
t5S
889386
-(Ul
783.880
684.707
634,478
846,171
•H-8
-11-4
31.951,803
+3-1
31,783,416
-(-14«
-57^
-10-0
1,438,911
10388,769
9.486.616
7,380.790
7^.861
3348.186
+18-6
3.860.^
3,804,883
1,984,387
1,616,378
-(-ir9
1308.948
-fM-O
884380
449381
-10-6
-I8'6
48,700388
4r»
«1
^«
+U-0
3^314386
+78-»
3,146.888
-f-ai-o
1314.609
1,009.416
»«34S
6ea,8U
708387
468300
1,098,1184
892,819
+1T»
-If?
-i*«
-IW
+!»•
9,066.717
i,ose,&«8
763,086
889,814
478,800
789.0B1
a.fla9,144
-l-W*
1,177386
KaniaaCltT..
•
--3-1
13T&,&«3
1363,818
OrandBaplds
more satisfactory than that of the
^k preceding, a somewhat more active speculation on the Waoo*
iw York Stock Exchange contributing to a moderate InTotal Boatbera...,
ease in the total of clearings.
At Boston, however, the Tout all
alings in share properties record a decline from the week- OatsM* Hew Fork.,
ling
+w
—11
71,202,200
14.393,247
13,S16.1S5
6.225,000
1,333.198
826,328
680,378
Plttabon
Baltimore
Norfolk.
March
-in
63.667,813
11.949,618
13,413.717
7.44»,190
1,810,434
864,482
766,064
1,336,607
Pblladolphla
I
Hie exhibit is slightly
6,338,300
1.796.180
1,288,181
1,171,478
99,686304
U>aUvnia
le above the last twenty -four hours of the week have to be
Memphis.. M.
Blehmond
Below Oalvflflton
all cases estimated, as we go to press Friday night.
>^
OUT usual detailed figures for the previous week, that is NaahTtlla
DaUaau.
ering the returns for the period ending with Saturday Fort Worth
•>n
—0-lS
H-8-6
-^16•7
-f9-l
86,888343
-14-0
England...
We
totals in 1890.
12-1
-16-8
111,068,021
New
full details
•ive
-I-
95,912,308
Total
of clearings for the week covered by the UneolB
cannot, of Topoka.
statement will be given next Saturday.
Total Other Westernitse, furnish them to-day, bank clearings being made up by
St. Loali
le various clearing houses at noon on Saturday, and hence in
New Ortaaiu
The
—16-2
(6rtl,000)
(88331,0751 (-H 04-11
(804,000) (-91-7)
—4-9
-I-14-3
$686,447,421
110,097,219
»640.968,796
121,108,916
8«T»n cities, 6 days
UMTOlUes, S days
(471,410,169
69,467,772
52,351,578
10,946,251
69,779,000
14,883,174
7,611,487
(-W8)
-HI 1-4
Total Middle
•444,193,927
64,601,920
39,S10,S20
8,520,328
&9,ise,ooo
le,99l,382
8,083,719
lew York
(-I-18-S]
396,542
Indianapolis
Peoria
38.
(-IS-l)
e67.3H
Bedford..
Golnmlma
Jbtunu hv
(—48-4)
New
Detroit
CloTeland
corresponding week last year.
-9O0
(878.468)
Jjowell
Wilmington, Del..
hat the total
670,466387
(-f8-8j
1,960.882
1,11U.482
1.07K,5SO
1.032.703
B77.S74
BnOialo
Waatalnttton
CLEARING HOUSE RETURNS.
3-9
(868.21B)
(493,100)
(41,S67,725)
(4,116,000)
4,584,1100
SprlngDeld.....
8mii;ii, 1 Drapers' Gardens, E. C, will take subMessrs. Ei>WAED8
nriptiona and advertisements and supply single copies of the paper at
Is. each.
e37,S66,5Se
99,376,827
New Haven...
London AKents <
O.
bala.)
butMlt.)
llJiTtford
the Inch.
JOHN
(harM.)
467a00
777,082
487380
1.747.868
639,000
600,000
6S3t)43«e
68.181,
1,018,889397 1.049.838368
8e8398.8«r>
-is-a
'418.886376^ •4<2.Mfl.401
419.067340
-=»»
tu totals.
THE CHRONICLE.
478
[Vol. LU.
statement will be found in our London letter published
But there is very little life on the London Stock
to-day.
THE FINANCIAL SITUATION.
The cable reports discounts of
Lower rates for foreign exchange, and an entire relief Exchange.
ago ninety day bank bills in London at 2| per cent.
week
a
prevailed
which
feeling
disturbed
from the
sixty to
Since
prominent the affair of the Society des Depots there have beea no
with reference to gold exports, have been a
other mate- open market rates quoted in Paris, but the figure is
feature of the situation the past week. No
affairs has occurred. about 3 per cent.
At Berlin the unofficial rate is 2|
rial alteration in the condition of
The Stock Exchange is still waiting, Micawber-like, for per cent and at Frankfort it is 2|- per cent. The Bank
something to turn up; the crops still afford a promising of England lost this week £286,000 bullion ; this as we
outlook for a favorable spring start ; railroad earnings
business though
continue to show fairly good results
and is not
departments
some
in
developing
not brisk is
are being
entanglements
Paris
and
London
bad in any;
neither
the
that
showing
news
latest
fast,
unraveled
;
by a special cable to us was due to imports
from Australia and other sources of £145,000, to exports to Portugal and other points of £157,000, and to
are advised
shipments to the interior of Great Britain of £274,000.
The Bank of France reports a gain of £39,000 gold,
guarantors in the former city nor the stockholders in and the Bank of Germany since last advices has lost
the latter will suffer loss. Altogether it seems as if the about £40,000 of the same metal.
public ought to be happy, and yet it hesitates.
As an effect of the approaching April settlements
aind of the decreasing bank reserves, the market for
money has been
But this
not marked
feeling has
a little firmer.
not been accompanied, and
is
as the
Our foreign exchange market was
Wednesday, when it grew easier
of demand and a little better supply
until
additional supply was scarcely
enough
dull
and steady
in the absence
of bills;
to
but the
make an im-
week pression upon the market had there been any inquiry.
On Thursday selling by one or two of the leading
drawers and the fact that the market in London
would be closed until Tuesday induced a reduc-
closes, by any material change in rates, the demand
having been very light because of the limited business
The bank return of last
ii the Stock Exchange.
week still showed a surplus reserve of $9,055,375, of
which only 15,953,800 was held by five of the larger
This week, however, the outflow to the interior has continued large, while last Saturday's gold
exports will count as a further loss ; but the Treasury
Department has disbursed considerably more than it
has taken in, so that the drain from the above mentioned causes has beent hereby in great degree made
Of course the withdrawal of $700,000 gold coin
good.
by Lazard Freres yesterday afternoon for shipment
to Europe to-day will not be reflected in this week's
banks.
statement of bank averages.
Money on call, so far as represented by bankers' balances, has loaned at 4 and 3 per cent, averaging 3 per
^ent, renewals having been made at 3| per cent; banks
and trust companies have loaned at 4 per cent as the
minimum, the supply of funds offering becoming
There are two
lighter towards the close of the week.
a cent in rates for sterling; but
of half
market closed steady. The arbitrage business
has not been large enough this week to affect
Nominal rates at the close
the market either way.
were uniform at 4 86^ for 60 day and 4 89 for sight.
Actual business in sterling was done at 4 85|@4 86 for
long, 4 88i@4 88^ for short, 4 88|@4 89 for cable transfers, 4 84f @4 85 for prime commercial and 4 84^@4 84^
for documentary bills. A consignment of $100,000 Spanish gold was received by Messrs. Heidelbach, Ickelheimer & Co. on Monday for transfer to South America
to pay for sugar, but it will be held here awaiting a
On Thursday $100,000
favorable opportunity to ship.
gold was taken from the Sub-Treasury for export to
Cuba to pay for sugar. There was no movement of
gold this week to Europe until yesterday, when Lazard
Freres took $700,000 gold coin out of the Sub-Treasury
The gold was furnished in the
for shipment to-day.
tion
the
now reported. Some individuals proportion of two-fifths double eagles, two-fifths eagles
who have heretofore been out of the and one-fifth half eagles. Our foreign trade exhibits
as lenders are now making offerings of money, continue fairly favorable.
Mr. Brock, chief of the
classes of time loans
arid
institutions
rii'arket
but they stipulate that the collaterals shall be strictly Bureau of Statistics, has issued the statement for Febflrst-class; for such loans quotations are 4 per cent for ruary, and we give it in our usual form.
FORBIGN TBADB MOVEMBNT OIP THB PNITBD 8TATB3— (0008 Omitted.)
ninety days, 4|- per cent for four to six months and
to eight months; on good Stock
H) per cent for seven
Silver.
MERCHANDiaS.
GOLD.
Exchange
collateral the rates are
^ of
for the respective periods, but the
mbney
1
per cent higher
demand
Eui\t
ilos.
for time
EXCMV
ExporU
and consequently though the supply is 90 91
For commercial paper the. July..
is ample.
riot large it
Aug...
inquiry is fair
the supply of dry-goods names is Bept...
is
light,
»
;
limited, although
expected that after the first of
Ajril the offerings of this class of paper will be more
it is
Kberal; there are full lines of tobacco, sugar, grocery
irid other names; rates are 5@5^ per cent for sixty to
ninety day endorsed
bills
receivable,
5i@6
for four
months commission house names, and 6@7per cent
fotir to six months single names.
As
0/
Bxporf<. Importt,
already indicated,
the
cable
for
reports that the
54,445
3«.189
77,559 •33,114
61.200 '3,011
68,683i
73,910, '7,247
73,550; 25,779
64,200, 34,789
60,802' 37.619
9S.32S
88,988
98,151
83,831
74,603
Oct....
Nov,..
Dec...
Jan
Feb...
$
t
63,301 20,330
63,927
8,066
1
f
Exceat
Ex-
7m-
of
rmportj.
porU.
porlj.
(
t
t
1,195 11.800 1 10,665
+411
1,725 2,136
1.113
282
1.425
425:
2,211
2,636
1,359
667
1,926
632
5,101
6.033
669
729
1,398
565 4,010 +3,146
t
3,003
2.021
2JS77
Int.
Ex.
port*.
port*.
671
2,085
2,835
1,619
1,623
Bzce—
1
*
t
1,617
1,286
160
1,871
'121
3,898
2,586 •2,016
1,598
953
1,883
soir
1,319
646
977
1
4W
<
^
f
Totnl 633,320 34O.170| 81,811 16.903 30,611 +3,738 15,934 13,018 2.018
t569 26,706 12,833 13,878
89 90jei 1.111 304.666 106116 10,176 10,745)
88 89
514,059.483,229
8r-8(s 304.617,476,708
888r 513.10ll445,017
8386 461.807l41O,948i
•
Excess of imports.
30,830 7,386 30,808;tl3,422 33,850 13,162 10,388
27,939 40.303 4,271 36.0S9 19.781 11.611: 8,149
68,167 40.594 4,8151 35,719 18,32; 13,259 6,oa<
50,859 19.041! 12,441! «,697|.il,120 12,628 8,891
t
-
Excess of exports.
of the Societ6 des Depots et Comptes Courants
The excess of merchandise exports in February apat Paris are likely to be settled without calling upon pears to have been $8,666,093, and this compares with,
i3ie stockholders, while mail advices from London
give an excess of exports of $7,218,345 in February, 1890,
the statement of Mr. William Lidderdale, the Governor and an excess of imports of 12,224,797 in February,
of the Bank of England, with regard to the liquidation 1889.
of the affairs of Baring Brothers, which also shows very
An encouraging feature in the general situation just
afifeiirs
^Tisfactory progress.
A good resum6 of the
Governor's
1
of Ex.
ports*
now
is
the fact that accounts with re gard to the con
j
Mabch
THE CHRONICLR
28, 1801.]
479
dition of winter wheat are generally rery favorable.
gatory fixed charges of $162,186 in 1890-91, against a
known,
deficiency of $218,538 for the corresponding period of
1889-90, while the Coal & Iron Company shows a de-
The winter wheat
yield last year was short, as
is
would be a decided advantage of course if we
should raise a better crop the present year. Between
now and harvest time the growing crop may encounter
many drawbacks, but the worst perils are usually experienced during the winter months, and hence it is
satisfactory to find that the plant has passed through
this trying period with comparative safety, and that
very few complaints are heard of damage by freezing.
In the spring- wheat sections, too, the prospects seem
The season is backward, and little seeding
to be good.
has yet been done, but on the other hand the presence
of snow on the ground ensures the necessary moisture
for the growth and development of the seed after it has
been planted.
attd
it
The Pennsylvania statement of gross and net earnmonth of February, issued this week, will
ings for the
perhaps attract more attention than usual, since there
is a loss in gross and net earnings on both the Eastern
and the Western lines. But there is nothing surprising in this, and hardly any other result could have
The
been expected.
grain
traffic
the present year was
At Phila-
decidedly smaller than that of a year ago.
delphia the deliveries of
were only
1891,
ruary,
all
kinds of grain in Febbushels,
1,070,894
against
3,575,637 bushels in February, 1890; while at Baltimore the deliveries were only 1,816,917 bushels, against
5,510,766 bushels. The loss at both those points must
have fallen to a considerable extent on the Pennsyl-
and
vania,
in
addition that road carried about
New
York.
119,-
should also be remembered that the strike in the Conn ells ville coke
region must have operated to the disadvantage of
the Pennsylvania Eailroad. Finally, the gain in the
February earnings last year was heavy, gross then
having increased on the lines east of Pittsburg and Erie
000 bushels
less to
It
$429, 9$5, though the gain in the net was compara-
In view of this fact and the other
tively tiifling.
cir-
stances mentioned, the falling off of $111,771 on these
same
lines the present year is certainly not of very great
The falling off in net earnings on the
Eastern system reaches $86,122.
On the Western liniife
the loss in gross atid net is much larger, but these Western lines would naturally feel the effects of the short
consequence.
We do not know
crops most.
just
what the gain on that
part of the system was last year, but
ficiency of only $290,324, against a deficiency of $339^-
Thus the
improvement is $429,562. In
months there has been
an increase for the two companies of over a million
dollars. The Cleveland Cincinnati Chicago & St. Lonis
is another road that presents a good exhibit for Feb163.
total
the gross receipts for the three
ruary
;
the gain in net
There
147,887.
month
is
is trifling,
in 1891 of $56,050, against
For the eight months of the
increase
of
but gross increased
a surplus above charges for the
of
$99,897
rentals, etc.,
$331,186
gross
in
$36,700 in 1890.
fiscal year,
there
is
an
receipts, but a loss
in
net.
The charges for interest,
were not quite as heavy in 1890-91 as in
the previoua year, and the result
is that the surplus
about $48,000 less than in 1889-90, the
amount being $944,072, against $992,373.
The
Chesapeake & Ohio for February has gained $46,009
in gross and $47,329 in net, while the Central of
New Jersey gains no less than $121,591 in gross and
The Mexican National reports net of
$116,221 in net.
$104,676, against $53,115; the Iowa Central $64,735,
against $33,880; the Northern Central $131,921,
against $113,084; the Baltimore & Potomac $32,948,
is
only
against $23,511; the Savannah Americus
& Montgom-
and the West Virginia
Central & Pittsburg $28,490, against $21,173.
Only a
very few roads show diminished net.
The itTew York
Lake Erie & Western is one of these, but the changes
in that case are really very slight, amounting to only
The Staten Island
$2,083 in gross and $19,852 in net.
reports net of $3,534, against $5,535 ; and
the
Detroit
Bay City & Alpena $19,877, against
ery $16,572, against $11,584;
$29,201.
Owing to the observance of Good Friday, the week
on the Stock Exchange ended Thursday. Transactions have been down to a minimum, though the tone
has been quite firm.
The declaration of the usual
dividend by the Rock Island was favorably regarded,
but on the other hand the passage by the Nebraska
Senate of the Newberry Maximum Rate Bill was an
influence of the opposite nature.
The failure of the
Washington National Bank had comparatively little
effect on prices.
The Rio Grande Western has declared
a cash dividend on its preferred stock, and is also oner-
it was evidently
^340,937 in gross and $125,S70 ing the liolders the right to subscribe for some new
in Jnet, expenses having been reduced 1215,067.
The stock. The bonds of the road have been active and
following furnishes a comparison of the eatnings of the strong, and the same may be said of Oregon ImproveEastern lines frir d- series of ysa'rs. The feature of this ment consol. 5s.
The
large.
loss
now
is
the very small improvemient in net earnings
table
is
since
1886
oil
a vSry decided
improvement
in
the
gross.
HAST or
PITTSDURO.
lilNES
fyhruary.
1891.
yfarch
1886.
1887.
4.421.156
3.029.714
4,379,456^ 3.988,788
3.021.172 2,608.631
3,519,475
1,396,181
1,391,442
1,358,283
1,380,157
1,867,604
9.993.402
S.949.B02: 8.673,433
7.840,6«9
7.296.607^ 7.292.2251 0.477.861; 6.20».230' 5,240.051
6.971.011
4.751.8C0
2.766.tS8
2.219,14s
3.430.351
2,281.871
Opernt'K expenses.
Xet earnings..
made up from returns
col-
us,
H uk Ending March
27. 1891.
„
QoW
total gold anfllo^l
tftsBeirs....
Rteeived &» Shippiahv
N.T. Batik: N. r. Bank).
MovariMt.
$1,498,000
300.000
$3,608,000 Loss.$2,llS,00O
80i1,000 Loss.
600.000
$1,7&B,000
$4,408,000 Los^.$!J,tfI3,00O
With the Sub-Treasury operations and gold exports
1,
Gnxn earalnxs
statement,
shows the week's receipts and shipments
of currency and gold by the New York banks.
by
CiirT6zicy. ............................
4.851,091
3.455.900
4.739,320
Ket earnings. ..
1 to
1886.
»
Gross eamlnjcs
Operat'K expenses.
Jdn.
1880.
The ioUowing
lected
10,051.795
2.701.17T
2.472.238
2.304.203
2i594'.608
The Philadelphia & Reading is a,ble to furnish quite
a favorable Statement for the month of February. The
Ra;ilroad Company shows $157,28'5 gain in gro'ss and
$115,691 gain in net, ^hile the Cdil & Iron Comp.&ny
has added $196,581 to its gtoSs Yec^ipts
lodt '$35,-
M
OSlinnet. For the thrcje nlollths df thb 'ftical
the 'IJailrda^ C'othpdtiy rfepbi-t's a sidY^lds feboVe ftfe
ye^
o1ili-
the result
inA
is
as follows.
tlriUnt) Slate\i7, ISta.
j
„ ,i
OTntb
Oat of
NitXSitangein
Banka.
Bankt.
Bank Holdinot.
Banks' Interior movement, as abovol $1,795,000
Sob-Ticae. opeT. ail<l golil exporU. 18,100,000
$4,408,000 Loss.$2,0t3,00O
l!f,90O,OOlB Gafn. 3,8(W,t)(H>
»w,ii^itooW8,g58toooi i.B*'- »ii y;Wo
The follo^ng
table indicates the
amohnl
lii til© prinelpiil !Elirorpe'an 'banks thia iVee'k,
ot bulHon
and at the
THE CHRONICLE.
480
March
WHAT CHANCE A NEW BANK HAS IN
YORK.
the bonds put up with the United States Treasurer,
This requirement is a preliminary to birth. Next
follows the effort of the infant corporation to struggle
It soon finds that it has opened
its environment.
An early sensation
eyes on a cold, exacting world.
including
is a two per cent tax bill on its whole capital,
the amount invested in United States securities, for the
with
its
from the strain in financial circles
late weeks
during the closing months of 1890 have of
kind are
that
of
Occurrences
succumb.
to
been forced
after so
and
spasm,
such
of
every
sequence
invariable
an
only wonder
SBvere a test as that of the past winter, the
December
In
is that the number has not been larger.
see any
never
who
it was a common belief among those
Many
m.
sand dollars (face value) of Government 4 per cents
must be purchased. To secure these will absorb about
60 thousand dollars, §o the return on that portion of the
Of course 45
capital will be less than 3 per cent.
thousand dollars of circulation can be obtained on 50
thousand dollars of bonds, but our city banks do not
generally consider that it pays to handle such an
amount of circulation even where the bank already has
27, 1890.
BOKktol
NEW
[Vol.
Bufferers
the
side but the dark side, that after the turn of
State assessment law has been able to nullify the United
States law exempting that portion of capital. Interest
meantime we must assume has not averaged on
prime collateral for call money over 3 or 4 per cent and
in the
so after
not to exceed 5 per cent for time contracts
this tax bill and current expenses the question
;
new meeting
year our whole industrial system would come to grief.
We have passed the first quarter now, and considering
the circumstances which preceded it the record is
marvelously favorable, the total failures, according to
the weekly statements, not exceeding 8 per cent in num-
of existence will
no doubt have assumed quite a com-
plicated form.
Under the conditions mentioned
it is
evident that an impairment of capital would be an
inevitable consequence of continuing business on the
same lines many months more. Some change in
method would be found imperative to increase deposits
and broaden the basis for loans, for hitherto we must
period of last year.
which
this
city,
Bank
in
suppose that about the only depositors have been the
But the Washington National
even
has
not
so
present
week,
promoters of the enterprise. But here the manager is
exist
the
has ceased to
ber during the current quarter the failures of the same
as the November panic for its untimely
end. It only lived nine months in all, and the published
Accounts show that the shortage of 135 or 150 thousand
good an excuse
confronted at once with the great truth that to get
deposits he must shift his base a little away from the
that is
strict conservative idea with which he started
—
he must pay for the deposits in money or in services,
mainly since the first of the year. Consequently the or in both. There are not more than two or three
«ause of the disaster is not traceable in any measure banks in this whole city that do not pay interest on
Since the
to the occurrences during the last quarter of 1890, deposits, two per cent being the minimum.
Olearingour
many
of
the
statements
which
companies
confirmed
by
have
trust
is
in
and this
large increase
Taeen made puolic respecting the nature of the debts House institutions which formerly fought against it
dollars in its capital of 300 thousand dollars was created
The earnestly have been diiven into the practice.
that were tlie source of the embarrassment.
obvious conclusion seems to be that the failure is simThis brings our young candidate for public favor
When the bank
ply a case of bad management. Yet even assuming this to the turi.ing point in its affairs.
to be the fact we are still inclined to go back of that started, the ex;)ectation was to at least secure the busiBut the
explanation, and to connect the bad management very ness of merchants within the neighborhood.
closely with the difficulties which beset the starting of
any new bank
in
New York
in these days.
by banks now, and the neighbors ia
standing
no longer readily fall into thesi
good or fair
A few months' experience will
uiitriea institutions.
city
We make
this suggestion not as furnishing an excuse for the situ-
the matter of the Washington Bank, but
because we think it covers a lesson which is well worth
heeding by investors and promoters of such institutions.
Quite a general feeling exists thai little more is required
for success in this department of business than to get
together the capital, put up a sign, and loan out the
lunda just as it was a short time since believed that
the laying of steel rails across an arid plain made a
is
well occupied
consequently be enough to make it clear to the president of such a coiporation that his enterprise can only
ation in
live
by bidding for deposits against liis old and estabHaving reached this conclusion,
lished competitors.
is the nature of the problem he has for solution ?
Obviously he will now krow without being told that a
little corporation of 300 thousaad dollars capital and of
no reputation cannot draw away the depositors of th?
older and larger institutions without paying larger ir-
what
—
profitable railroad.
Wo think the proposition is capable of pretty clear
proof that no more risky undertaking in a business
dncements than they. Again, he must also know rhat
he never can accomplish much, if anything, \<y offerinj
way is to-day possible than the effort to establish a new greater interest than others already pay, for the older
bank in New York City. But, without going so far as members of the fraternity will pay all the business will
that, we can say unqualifiedly that a management
which bear. We have in mind one of our large and most
tarted out with the purpose of conducting the affairs
flourishing banks (very likely there are others, too,) that
of such an institution on what would generally
be has this season been offering and pacing all express
accepted as a conservative banking basis might better
expenses from the remote West and S tuth to s<;cure
make a cash dividend of 100 per cent to its stockholt?- large depositors. Another similar practice in certain
era before it opened its doors, because if it
did not it quarters is the habit of dispatching a carriage uptown
would never again be able to do it. Consider the con-"
daily to get deposits and save the owners from sendin/f
ditions a 300 thousand dollar bank must meet
and over- down. Under these circumstances there can bo only
«ome. As soon as the capital is got together, fifty thouono opening for our neophyte—one field to work in.
'
.
1
March
THE CHRONICLK
38, 1891.]
communication shows that OoTarnment aotion wm
and the conditions prevailing
In permitted, we can add nothing to that branch of the
actually forced to take those customers for his
depositors who have schemes to float or ventures to
Ho
481
is
in his
as deliberate as the law
through which uo bettor bank will accept.
new institution is compelled to pay the subject.
it must assume a
But there is one point upon which it will be nsefo)
largest price for the poorest business
maximum of risk with the probability of netting at best to submit a few words of explanation. We refer to
the effect of the amended law on the rates of foreign
only a minimum of profit.
This seems to be the dilemma which every new exchange, and on the exports of merchandise. The
undertaking in the banking business must face in its Director says that our argument that the law "will
The truth is, and what we " increase the price of foreign exchange and the profearly struggle for existence.
enough, the margin of " its on exports, could only hold good upon tho preplainly
have said above shows it
profit is very narrow indeed with all banking institu- " sumption that gold will not readily be furnished for
Paying 2 per cent, besides important ser- "shipment, which is not a fact." We have made no
tions.
vices, for deposits, also paying 2 per cent taxes on claim and have no idea that gold will not be furnished
the market price of the stock, while scarcely ever for export readily, or that it was not so furnished for exgetting over 5 per cent for loans, and most of the time port last week and yet both nominal and actual rates
less than that, with bad debts always provokingly of exchange did rise, in addition to a rise which ococcurring about dividend time, one can easily see that curred the previous week in actual rates, after the
The course of the
it requires a good amount of accumulated surplus, a very charge for bars was announced.
it last
large business and skilful management to net any con- exchange market was just as we stated
siderable profit.
Putting a new competitor in among Saturday that is to say, the first order of the Governthese well-equipped institutions, we do not care how cap- ment, asking 40 cents per 1,000 dollars for bars, stiffable the chief officer may be, forces it from the very na- ened exchange so as still to permit shipments at a
ture of the struggle to take the very dregs of the business profit the second order, that bars would not be sold
or none at all, and to run a very large amount of risk. but coin would be delivered instead, further advanced
The start with small capital is a tempting form to the the price and the action, when it became generally
investor because the promise is of larger dividends. known with reference to the percentage method of
But small capital has special disadvantages in gaining supplying coin, led to another fractional advance in
In the first place that condition does not the charge for actual business.
a foothold.
inspire confidence, so that all of the schemes it assists
As these movements of exchange have not only bemust be of the most risky sort then again a few small come a subject of special interest, but also an object
losses make a* very large percentage of impairment
lesson for our legislators, and as there seems to be s
and finally, small capital affords but a limited capacity misunderstanding with reference to them, we deem it
for making good any loss.
wise to state more fully the exact facts, even at the
The Washington Bank failure has of course sug- expense of a little repetition.
On Friday, February
gested these thoughts, and probably in some measure 27th, when Messrs. Heidelbach, Ickelheimer & Co.
illustrates them.
But at the moment, that institution's had withdrawn $602,611 gold bars for Berlin, which
affairs seem to be so strangely involved, and the business was shipped the next day (Saturday), nominal rates of
it has done so different in character from ordinary lend- exchange closed at 4 86 for long and 4
88i@4 89 for
ing, as to make the transactions appear almost reckless, short, cable transfers for actual business being quoted
and the history of the bank quite exceptional. Still 4 88i@4 88^. On Friday, March 6th, when the same
when the stories now afloat have been analyzed and firm had withdrawn $600,000 for export, and after the
sifted and tested by the actual conditions of new life in Superintendent of the New York Assay Office had
banking business, the epitaph raised over the ruins even been ordered to charge 40 cents per 1,000 dollars for
of this latest victim may be
Died of too trying an en- gold bars, all drawers of exchange posted nominal rates
vironment.
4 86 for long and 4 89 for short, while cable transfers
were quoted 4 88^@4 89.
On Friday, March 20th,
carry
other words, a
;
;
;
;
;
;
—
OOLD EXPORTS AND THE
On
a subsequent page
we give
NEW LAW.
communication from
Mr. E. 0. Leech, Director of the United States Mint,
with reference to our article of last week on the export
of gold.
The Director states clearly what the action
of the Government has been under the amended law,
as well as the reasons for that action, and there is no
call
for any remark by us on those points.
We
a
expressed our opinion unequivocally
in
when the engagements
for
export had already been
$1,625,000, and after the order refusing bars, and after
the percentage method of giving coin had been made
known, the nominal
rates were further advanced by
drawers to 4 87 for long and 4 89^ for short, while
cable transfers were quoted at 4 89J@4 89^.
Thus,
if we compare the price for actual business by means of
all
cable transfers on
March 20 and on February 27, we find
if we compare
favor of the at the latter date just 1 cent advance;
amendment, in the article referred to, but remarked nominal rates at the same dates, the difference will be
there, and still more directly in our " Financial Situa- found
to be 1 cent to ^ of a cent.
tion," that the manner of executing it was
What we have set out seems to be sufficient on th»
"a little
" extreme and
"
"
"
"
'
abrupt, giving an appearance of nervousness in Treasury circles over the loss of gold, which
nervousness has been reflected by a partial loss of
confidence in our markets." But we added that "this
question of fact covered by our statement.
Now as to
the principle which the facts we claim illustrate is
—
—
not our contention equally correct
?
Is it not as clear
as the facts are that just what has happened should
no reason happen ? Probably the rates for cable transfers touched
whatever why we should not, if we choose, put just a little higher mark last Friday because of the dis" as many obstacles in the way of the removal of gold turbed feeling
which prevailed than they would have
"as Europe puts in the way of its return." As the reached on the
But disregarding that
actual facts.
disturbed feeling noted has, since the above words were
sentiment, could it be otherwise than that any addition
published, been quieted, and as the Director
of the Mint to the cost of getting the gold here to pay a bill in Bu-
feeling will
pass off speedily, for there
is
-mE
433
CflKONICLE.
rppe ^ould be expressed by higher rates of exchange ?
with respect to the propriety of
"iST^ are not arguing
otanging the law ; we admit that the change was
wholesome. We are only arguina; as to the result of
the change. That the result was to make it more expensive for an American to discharge any debt he owed
Before the change he
iu Europe is beyond question.
co^ld pay in gold bars; now he can only pay in
abraded coin. The difference in value between the
in efficiency
bftre and the abraded coin measures the loss
of the instrument the debt is paid in, and that loss in
turn is expressed in the cost of exchange. We see no
escape from this conclusion.
There is only one other assertion we
made
in our
need elucidation. We refer to
article
increased
cost of exchange would
the
that
statement
the
raise the price of imports and increase the profits on
the exports of merchandise, &c., but that it would not
increase the profits of those exports, such as cotton or
breadstuffs, the market value of which is fixed in
Europe. That the first half of our proposition is correct may he assumed from the fact that with higher
exchange those who have exchange to buy (that is importers) must pay more for it, while those who have
which seems
exchange
to
to sell (that is exporters) get
more
for
it.
As
[Vol. U.1,
NEBRASKA AND THE EFFORT TO IMPOSE
LOWER FREIGHT RATES.
With
railroad interests in the depressed condition in
which we find them to-day, one would think that
propositions to burden them with additional hardships
or losses would receive very little public support.
la
point of fact several of the Western legislatures have
adjourned for two years after having defeated efforts at
But Nebraska seems to be
further hostile legislation.
proving an exception to the rule, for dispatches from
the West this week have stated that the Maximum Eate
Bill had passed the State Senate by a vote of 23 to 7,
and that the measure would thus become a law unless
the Governor vetoes it, it having previously passed the
House. This Eate bill, we are told, is modeled on
the Iowa distance tariff (which as we all know is on an
extremely low basis), and will force very serious reductions in rates in Nebraska.
Nebraska
is
about the
last State in
the L^nion where
a step of this kind should have been taken, for
easy to prove by
means
of official statements
State authorities that such action
To be
able.
is
it is
so
from the
entirely unjustifi-
sure, the Farmers' Alliance
is
in control
of the Legislature of the State, but that does not
to the exception which the other half of the assertion
the law any the less unjust or unreasonable.
that paper (connecting the latter with the former por-
part compensation for the deficiency in the very
make
Nebraska
This
covers, we the more readily explain and re-state our po- last summer raised short crops of grain.
sition, because we notice the editor of the Tribune mis- was unfortunate for the farmer, but is proving doubly
apprehends it. For he asserts in Tuesday's issue of unfortunate for the railroads. The farmer is getting
tion of the statement) that in
making an exception
cotton and breadstuffs in the application of the rule
lay down,
we are chargeable with " curiously
of
higher prices which he
we The
illogical
railroad,
is
much
able to obtain for his produce.
on the other hand,
is
expected to carry
the reduced tonnage from a small crop at the same low
rates as the very heavy tonnage from an exceptionally
Perhaps our position will not look so illogical to the large crop. Nay, more than that, the shipper and proeditor if he notes [that in speaking of exports we used ducer, as we see, are seeking still lower rates.
in the article in question, instead of the words "raise
The emergency tariffs which the railroads put into
*' the price," the expression, will "
increaso the profits." effect a year or so ago were made with the special view
That is to say (paraphrasing our assertion), the seller of relieving the farmer in his then existing distress. It
of exchange here for a bill of raw cotton (price remaining was recognized that grain prices were extremely low
the same in Liverpool) would obtain increased pro- and that as a consequence the return to the producer
ceeds for his bill under the higher rate for ex- was proving unsatisfactory.
The railroads wanted to
change now ruling than at the lower rate ruling help the farmer as far as possible out of his dilemma,
previous to the Treasury action under the law as and seeing that the surplus to be shipped to market
amended. Our claim is, therefore, that in the matter was very large they agreed to move this surplus at
reasoning."
—in
of cotton, as this increased cost of exchange falls on
the Liverpool buyer of cotton, there will necessarily be a
special rates
most cases at lower rates than ever
before granted.
But with the prospect
readjustment of values in that market. The price of
cotton in Liverpool (leaving out speculation) is based
on (1) supply, (2) cost of getting cotton to Manchester
and (3) price realized for the goods that is to say,
the price of the manufactured article. Granting that
diminished tonnage during the first half of the current
year (from the small crop of 1890) railroad managers in
the West have since the 1st of January sought to get
the old quotation for the raw material
senting poor exhibits of earnings.
—
is
the resultant
somewhat better
Even
after
rates
on most
this advance,
we
of a
greatly
classes of their freight.
find
many
of
them
pre-
It is in the face of
of these
influences or conditions (that is, has been these circumstances that the Nebraska Legislature
reached in the ordinary way), we hold the opinion that has enacted its new law providing for still lower transin the readjustment of values this new expense to the portation charges.
Manchester manufacturer will in the end not prove to
The advantage to the farmer from the higher prices
be an added profit to the producer of the raw material, prevailing is so very great that it is worth referring to,
but will be equalized by a fractional decline in price at as having considerable bearing on the question of
Liverpool.
A year ago wheat sold at 79 cents a bushel at
rates.
The simple fact is, as we said last week, that on Chicago; now it brings $1 01. Corn then sold at 29
cotton and a few other staples, of which we produce a cents; this week it is quoted at 65 cents. Oats brought
large surplus, the price of that surplus is fixed for us only about 22 cents in March, 1890, while now they
in Europe where it is consumed.
We might sell a lot sell at 53 cents. In other words, the farmer is getting
of sewing machines and get no less for them though 23 cents more a bushel for his wheat, 36 cents a bushel
their manufacture had for some reason become more more for bis corn and 31 cents a bushel more for his oats.
profitable.
But that result would not hold in the case Now such an advance in price will go a great way to
of cotton under a like condition.
This statement may meet any deficiency in yield. That the yield is much
appear illogical, but it is true.
smaller than in the previous season admits of no doubt.
March
«ntl yot
THK CHRONICLE.
3S, 1891.J
it
must uot be supposed that no graiu
at all was
was of very
decided proportions noverthcleas the State produced,
according to the Agricultural Bureau at Washington,
In 1889, however, the proover 55 million bushels.
duction was 149 million bushels, in 1888 144 million
lu
raised in Nebraska.
coi-a the contraction
;
483
a series of years,
and these
rate sheets
available for examination outside of
are seldplQ
a railroad offio&
In this case, however, wo have evidence bearing dircfitlj
upon the point
We
at issue.
have this week bo^jj
favored with a copy of the last annual report of the
Nebraska Board of Transportation, and in the back
1887 93 million bushels, so that all part of the volume find a schedule of freight tariffs
But on showing all the changes in rates for the ten years prftj
things considering there is here a heavy loss.
This schedule gives the rateif
wheat and oats the case is diflcreut. Of wheat, 15,315,- ceding June 30, 1890.
000 bushels were raised in 1890, against 10,848,000 to and from Chicago in the case of five points in thft
bushels in 1889, 14,508,000 in 1888 and 10,585,000 interior of Nebraska namely, Lincoln, Beatrice, York,
bushels in 1887; and of oats 22,430,000 bushels were Hastings and Kearney on quite a number of loading
bushels and in
—
—
and commodities. The statement is so eloquejp[|^
we
wish
we could produce it in full, but shall hare to
and
respectively,
in
1888
1889,
and 25,305,000 bushels,
confine
ourselves
to giving simply the more importai^
therefore,
is
comcereals,
latter
The
loss
on
these
1887.
First, we present the following exhibit to
paratively unimportant, and considering that present parts of it.
prices are 22 cents a bushel higher on wheat and 31 show the changes for the ten years on merchandise in
cents a bushel higher on oats, the position of the car-loads and less than car-loads from Chicago to Liur
farmer, as respects at least these cereals, must be re- coin, Beatrice and York.
raised, against [29,903,000 bushels, 20,177,000 bushels
articles
RATES FBOU CHICAGO IN CEKI8 PER 100 LBS.
garded as very much better than in 1890.
Now look at the position of the carrier.
declining dividends, stockholders in
many
only half the returns of a few years ago and in other
cases getting nothing at all now, against high returns
formerly.
Then
see the loss of confidence
which the
everywhere manifesting in railroad property,
and see further the great decline in prices on the
Stock Exchange which has occurred as a result of this
loss of confidence and falling off in dividends.
As to
the income for current periods, we have already stated
that on the 1st of January rates were restored over
parts of the West, giving the carriers in some instances
a slightly higher margin of profit than before.
But
notwithstanding the improvement in rates, current
public
is
returns (largely because of the diminished grain ton-
nage) are far from satisfactory, and nowhere are they
than in Xebraska. The Burlington &
less satisfactory
and net earnings may be referred
The Quincy has
more miles of railroad in Nebraska than any other
system.
According to the report of the Railroad Commission of the State, that road had no less than 2,213
miles in Nebraska out of a total of 5,144 miles for the
whole State. Hence the fact that no system just at
present is doing as poorly as the Quincy is important.
For January the return showed $387,579 decrease in
gross earnings and $341,019 decrease in net.
If now we go a step further, we find the strongest
arguments against the action taken by the Nebraska
Legislature in official documents and official information furnished by the State's own railroad commission,
or the Board of Transportation as it is called.
We all
Quincy
loss in gross
to in illustration of this remark.
of us
know
that average transportation rates have very
heavily and almost uninterruptedly declined in recent
Every railroad report furnishes proof of the
But some persons refuse to accept this decline
years.
fact.
in the averages as evidence of a general reduction, applying to all points and to all classes of freight.
It is
argued, and sometimes with reason, that the average
has been lowered by an increase in the proportion of
low-class freight.
that
it
Omaha,
is
Then, again, we often hear
chiefly the
larger centres, like
St.
Merchandise in Use thati— r-Jferchandise in cars
.
See the
cases getting
it
said
Paul,
ear-toad
2d
1st
Class.
To Lincoln.
July 24,1880... 104
June 1,1881.... 114
March 26, 1884. 104
June 2, 1881.... 104
June 1, 1885.... 109
AuKUSt 1, 1835.. 104
Aprils, 1887.... 100
Doc. 20,1887...
80
Feb. 22,1890...
65
Class.
loads.
lots.
3d
Class.
4.lh
Class.
Class
A.
Class
B.
C.
49
54
49
44
47
44
40
33
28
40
45
40
28 >a
35
28
23
28
23
4913
38
40
40
45
40
87
97
87
87
92
87
84
65
55
58
68
58
58
63
58
57
44
39
133
144
130
114
140
140
115
95
90
75
114
121
110
96
115
115
100
81
75
65
84
91
85
64
85
85
70
57
52
47
63
73
65
47
65
60
55
48
42
37
65
67
63
135
144
June 1, 1882
135
AprU 16, 1883.. 135
Dec. 15,1884... 135
April 5, 1887.... 144
AuKUSt 1,1888.. 112
Feb. 22,1890...
95
116
122
115
115
115
122
94
81
86
92
90
90
90
92
69
62
65
72
65
65
68
70
50
50
66
67 13
To Beatrice.
AprU 15,1880..
Juno 1,1881....
June 1, 1882....
June 2. 1884....
Nov. 23, 1885...
Nov. 19,1880...
Aprils, 1887....
August 1,1888.
Nov. 1.1889....
Feb. 22,1890...
To York.
AprUlS, 1880...
Sept. 15,1881...
One has only
to
in the table to see
43
48
43
41
.
34
29
54I2
45
40
38
33
65
62
57
37I3
2g>4
31^
45
45
40
33
28 >»
^^.
38
31
38
35^
33
28 f
31
2».-
26
21
50
36l«
52 12
50
40
50
48
47
33
33
57
45
41
30
28^
40'3
37^3
52
48
41 "a
49
55
Clasf
35
35
35
39
32
26
run his eye down the several columns
how decided and general the reduc-
tion has been.
It cost the shipper in 1890 to bring
merchandise from Chicago to Lincoln in less than carload lots only 65 cents per 100 lbs. for first-class freight,
whereas ten years before, in 1880, it cost him II 04.
On
was only 55 cents,
on third-class 39 cents, against 58
second-class freight the rate
against 87 cents
cents,
;
and on fourth-class 29
In car-load
cents, against 40 cents.
1890 rate was only 28 cents for
class A freight, against 49 cents in 1880 ; on class B 23
cents, against 40 cents, and on class C 18 cents, against
28^ cents. To Beatrice the reductions have baen still
more decided, the 1899 rate in many cases being only a
little more than half that of ten years before.
Thus in
less than car-load lots but 75 cents was charged for
first-class freight in 1890, against $133 in 1880 ; 65
cents for second-class, against $1 14 ; 47 cents for thirdclass, against 84 cents ; and 37 cents for fourth-class,
against 63 cents.
In car-loads class A took but 33
lots
the
Louis and Kansas City, that are getting
lower rates that to interior points cents in 1890, against 65 cents ; class B 26 cents,
beyond tariffs are about as high as ever.
Of against 49^ cents ; and class C 21 cents, against 36
coarse there is not a grain of truth in such as- cents.
sertions,
but the data to refute them are not
This reflects simply the changes in merchandise rates.
always easy to obtain, since they can only be got In other articles and commodities the tendency and
St.
the benefit of
—
from a comparison of the rate sheets of the roads for direction has been precisely the same.
We
have nok
THE CHRONICLE.
484
in the period
to indicate the various fluctuations
and the
1890
the
of ten years, but give in each case
The
decline.
of
extent
so as to show the
room
1880
[Vol. LU.
and evidence submitted, can be
found for the enactment of such a law at all ?
in view of all the facts
rates,
Chicago.
table also embraces the rates on grain to
BATES FEOM CHICAGO IR CENTS PER 100 LBS.
lAimbtr.
1890. 1880.
ateLtncoln
Beatrice
TTork
...
...
...
HaaUngB... ...
Kearney... ...
13
15
18
22
24
Salt.
Limt.
1890.
1880.
1890.
33
33
18
18
32
33
15
3613
21>3
26»4
36>a
16
16
18
38%
iO\
15
38%
40%
29
Bard
SEABOARD GRAIN RECEIPTS.
Coal.
40
1890. 188016% 28»9
19>4
36
36i«
2118
22% 42ii
43I3
24
1880.
28>3
35i»
3523
45
BATES TO CHICAGO.
Com.
Unooln
Rye
Oat».
1890.
1880.
1890.
1880.
1890.
1880.
19
19
21
22
30
30
33
19
19
21
22
30
30
33
32
36
22
22
25
25
26
33
35
37
40
42
.... ...
Beatrice....
...
Tork
...
Hastings... ...
Kearney... ... 23Hi
32
36
23is
Wheat.
1890. 1880.
22
22
25
26
29
35
40
39
45
48
On lumber the transportation charge from Chicago
to Lincoln was only 13 cents in 1890, as against 33 cents
in 1880— that is, the 1890 rate was less than half that
On lime to the same point the rate was 18
of 1880.
on salt 15 cents, against 28^
cents, against 3iJ cents
cents and on hard coal 16f cents, against 28^ cents. If
we take Kearney, even more striking changes are
shown. Only 24 cents was charged per 100 lbs. on coal
On salt, where the
in 1890, against 45 cents in 1880.
charge in 1880 was 43^ cents, in 1890 it had dropped to
18 cents, and on lumber the drop was fromr 40f cents
As regards rates on grain to Chicago, the
to 24 cents.
The farmer at Lincoln paid only
result is the same.
19 cents on corn and oats in 1890, where he paid 30
cents in 1880, and he paid 22 cents on wheat, where he
;
;
The movement of grain to the seaboard, like the
movement of grain to the Western primary markets,
The difjust now possesses very considerable interest.
with the
compared
1890
as
ference in the crop yield of
exceptionally full yield of the season of 1889, is producing some very decided changes in the totals for current
periods. The matter is of importance not only to those
in the grain trade, but has a wider bearing as affecting
the traflBc of the roads running to the leading seaboard
cities.
It is
traffic
known
of course
the present year
.to
that the volume of the grain
date has been much smaller
than that for the corresponding period in 1890. Studying the statistics, however, the extent of the falling off
Takis found to be heavier than might be supposed.
and
together
February
and
January
ing the months of
counting flour at its equivalent in wheat, the receipts
for 1891 at this port stand at only 12,743,675 bushels,
against 22,503,238 bushels in the two months of 1890.
The movement last year of course was exceptional,
if
we compare with 1889, when the receipts
were 13,601,074 bushels, the change in the aggregate
But that does not make the fact
is not very large.
any the leas real that from the heavy total of 1890 there
has been the present year a falling off of over 9i mil-
and
lion bushels.
Perhaps it will riot strike most persons what a large
cents
on
and
26
this falling off of 9i million bushels in the
against
32
cents
;
corn
and
oats,
tonnage
on
wheat, against 45 cents. It will be observed that in grain deliveries at New York represents. At an average
this latter instance the difference is 19 cents per 100 of 45 lbs. to the bushel the 9i million bushels would
That is, the cover an aggregate of 438 million pounds of freight, or
ibs, equal to nearly 11^ cents per bushel.
Now calculate the loss of revenue
carrier now gets that much less for his transportation say 219,000 tons.
At 25 cents per 100 lbs., or $5 per ton, this
services, while the shipper and producer saves the same involved.
paid 35 cents.
The farmer
at
Hastings paid 22 cents
amount. These are absolute and positive chaiges, and loss would amount to over a million dollars ($1,095,000)
the comparison is for the same commodities and for if we suppose that the diminution in tonnage applies to
the same points at both periods. We may add that while the whole of the distance from Chicago to New York.
the 1890 rates are supposed to be those in force pre- If we suppose the diminution applies to only half that
ceding June 30, in the case of grain the figures given distance, even then the loss of revenue would be in
are those of the tariff which went into effect October 22. excess of $500,000.
The railroads were then advancing and equalizing rates,
Looking to see which of the cereals is responsible for
but in the Nebraska case at least the equalization resulted the falling off in receipts, it is found that corn and
in lower rates even than those of the previous February. oats are the two cereals which must bear the chief burIt is necessary to advert to only one other circum- den.
Of corn the deliveries were only 2,322,334
stance to clinch the argument against the action of bushels in 1891, against 9,411,886 bushels in 1890, the
the Nebraska Legislature. It will be remembered that contraction in that item thus being over 7 million
about a year ago the Nebraska Board of Transportation bushels. Of oats the deliveries were 2,763,000 bushmade an inquiry to determine what the Nebraska els, against 6,026,000 bushels, the decrease being 3i
loads were then earning not on their capitalization million bushels.
But while the oats deliveries are in
but on their actual cost. It was found that the return excess of those of two years ago, those of corn are not,
to the carrier was surprisingly small.
The Union only 2,322,334 bushels having been received in 1891,
Pacific, on 750 miles of leased road, earned less than 2 as already said, against 6,293,321 bushels in 1889.
As
per cent on a basis of $15,000 per mile. The Quincy, regards the minor cereals, they also quite generally
on 391 miles of main line, earned about 10 per cent, show smaller receipts than a year ago. Barley is the
but only 3-07 was earned on a piece of 180 miles, more important of these, and of this the deliveries
2i per cent on a piece of 115 miles, 2-7 per cent were 754,300 bushels in 1891, against 1,112,090 bushels
on a piece of 463 miles, hardly more than 2 per cent in 1890 and 783,340 bushels in 1889. Of malt the
on a piece of 525 miles and but 1-1 per cent on a piece receipts were 432,000 bushels, against 539,320 bushels
of 241 miles.
The St. Paul & Omaha earned 2-3 per last year and 660,786 bushels the year before. With
cent on 241 miles. We have never seen these statis- wheat the case is different.
There the receipts were
tics disputed or called in question.
But if the return 1,413,000 bushels, against only 671,275 bushels in 1890,
on the investment averaged so low under the rates of and but 186,588 bushels in the two months of 1889.
1890 and 1889, what may we expect under a further The flour receipts, too, were heavier, reaching 1,027,866
marking down of rates, such as that proposed in the bbls., against 942,618 and 637,806 bbls. respectively in
new Maximum Rate Bill. In brief, what justification, 1890 and 1889. Here is the grain movement in detail.
—
Haroh
THE CHRONICLE.
38, 1891.]
>BCUm OF FLOUR
AND OBAIN AT MBW TOIK.
January and February.
Flour
<\)rnmoal
true
1890.
1801.
1880.
of
486
com
Baltimore and Philadelphia, where the
receipts last year were of exceptional dimensions.
With
the falling off in that cereal the present year Baltimore
shows only 3,714,822 bushels grain receipts of all kinds,
against no less than 12,377.002 bushels last year, and
bbia.
bbla.
1,027.866
32.eS2
116,833
042,618
25,332
58,006
687,806
29,409
68,077
Wheat
Coni
bnah.
Ost8
Barley
buah.
bush.
bosh.
boah.
biuh.
1,413,000
2,323,334
2,763,000
7S4.300
8,170
432.000
61,200
671,278
0,411,886
6,026,000
1,112,090
126,066
530.320
157,300
186,588
6,20a,321
2,449.000
bnsb.
buah.
bush.
7,704,004
4,625.397
364.274
18,043,037
4,241,781
217.520
10.475,357
2,870,127
255,590
movement last year in the same decided way as the other
The following table gives the deliveries in
amount as well as each port's proportion of the total
bueh.
12,743,675'
22,803.238'
13,601,074
for the four seaboard cities.
Conimoal
buali.
Ryr
Hnlt
P»a»
TntAl grain
Flour to
Heal
to
Grand
total
Under the
loss in
the total
783,340
42,372
660,780
59,950
morement the
Philadelphia only 2,062,333 bushels, against 6,706,451
At Boston the decrease is less than 1^ million
bushels, since that port was not favored in the com
bushels.
ports.
ORAIK BECEIPT8 AT BBABOABO
different
hardly necessary to say, brought in greatly reduced amounts. Thus the New York Central and West
Shore delivered only 5,721,883 bushels in 1891, against
roads,
it is
January
and
February.
CITIES.
1801.
1890.
Per Cent
ButheU.
of Whole.
8,270,584 bushels in 1890, being a decrease of 2^ million New York....
Boston
bushels.
On the Erie the loss is still larger, or over 3^ Baltimore
12.743.675
4.433,270
3,714,822
2,062,333
55-52
19-31
lB-18
8-99
22,503,238
5,853.700
12,377;002
6,706,451
million bushels, that road having brought in only 2,743,396 bushels, against 6,347,317 bushels. The Lehigh Val-
22,9.54,100
100-00
47,440,391
PhUadelphla.
and the Lackawanna have each lost nearly 1,400,000
ley
bushels, the deliveries of the former being only 1,607,915
bushels, against 3,005,090 bushels, and of the latter
Total
Per Cent
Buthel*.
ofWhoU,
47-43
12-34
2609
14-14
I
10000
Last year, under the large corn movement, the two
more southerly cities heavily increased their ratios,
while New York and Boston suffered a reduction of
but 598,198 bushels, against 1,944,184 bushels.
The their proportions. This year the tendency has again
Pennsylvania lost about 700,000 bushels, having deliv- been decidedly in the other direction. New York having
ered 1,165,676 bushels, against 1,853,410 bushels. As 55-52 per cent, against 47-43 per cent, and Boston 19-31
far as the latter road is concerned, however, this repre- per cent, against 12-34 per cent, while Baltimore has
sents the loss simply in the deliveries at New York. only 16-18 per cent, against 26-09 per cent, and Philadelphia bat 8-99 per cent, against 14-14 per cent.
As we shall show below, there has also been a
decided
contraction in the grain receipts at Philadelphia and
Baltimore, a part at least of which must likewise have
We have indicated above what the loss in revenue to
the trunk lines m\ist have been on the diminished grain
In view of this large and receipts at New York. With the falling off at the other
ports taken into consideration, the loss would of coarM
traffic of the various
roads, the importance of that factor in affecting the be correspondingly greater.
revenues of the roads becomes obvious. Below we give
the deliveries by each of the different routes.
GOLD EXPORTS
THE
LA W.
fallen
on the Pennsylvania.
general contraction in the grain
AND
BECEIPTe OF FLOUR AND GRAIN AT
January
and
1891.
February.
New York
Central
roade
Erie
Pennsjlvanla
Del. Lack. & West.
Lehifh Valley...
Baltimore & Ohio
Various railroads
Total
rail.
Water
Grand
22-25
22-65
3,556,248
4,714,336
15-80
20-95
5,721.883
2,743,396
1,165,676
598,198
1,607,915
187,824
426,252
44-90
21-53
9-14
4-69
12-62
8,270,584
6,347,317
1.853,410
1,944,184
3,005,090
154,836
395,425
36-75
28-21
8-23
8-64
13-36
0-69
1-76
12,451,144
202,531
97-70
2-30
21.970,846
532.392
97-64
2-36
The proportions
1-47
3-35
I
10000
i}
2,503 , 238
I
NEW
Tkeastjky Department, Bureau of the Mint,
~ C, March 24, 1891.
Washington, D.
>
f
William B. Dana,
Per Cent
of Whole.
Butheli.
2,835,447
2,886,436
12,743,675
total.
SOUTEg.
1800.
Per Cent
of Whole.
Bttiheit,
West Shore
Two
MEW TOBK BT
lOO-OO
Editor Commercial * Financial Chronicle.No. 108 William
Street,
Sir: I
New York
City.
have read with interest the editoral in your
"Gold Exports and
the 21st instant, entitled
the Effect of the New Law."
issue of
must Confess that
I can see no good reason why the
Department should disturb confidence, nor do I believe it has.
Your argument that it
will increase the price of foreigu exchange and the
profits on exports could only hold good upon the preI
recent action of the
some of the roads it will be
noticed have undergone very decided changes.
For
1891 the Central and West Shore have 44-90 per cent
of the whole, while last year they had only 36-75 per
of
sumption that gold will not readily be furnished for shipment, which is not a fact. If there should be any disposition shown by the Government to refuse to furnish
gold for shipment, it is probable that all the results
cent.
It is well to add, however, that in 1889 their which you have named would flow
from such action.
ratio was 48-32 per cent.
The Erie lost decidedly, But so long as the Government stands ready to furnish
having only 21-53 per cent in 1891, against 28-21 per legal gold
coin, in unlimited amounts, for any purpose
cent in 1890 but in 1889 that road had only 17-62
demanded by the holders of gold certificates or legalper cent.
The Lackawanna's proportion is down to tender notes, the mere fact that it does not furnish gold
;
4-69 per cent, against 8-64 per cent in
1890 and 5-69
per cent in 1889.
The Pennsylvania has 9-14 per cent
this year, against 8-23 per cent last year, but the year
before it had 16-89 per cent.
The Lehigh Valley,
which increased from 6-01 per cent in 1889 to 13-36
per cent in 1890, has lost but slightly, its 1891 ratio
being 12-62 percent.
We have confined ourselves thus far simply to the
grain movement at this port. At the neighboring
ports there has been a falling off just as striking
as, if not
more
striking than, at
New
York.
This
is
particularly
which are more profitable to the exporter, and to
which he is not equitably nor legally entitled, should
not, and could not in my judgment, produce the
results which you anticipate.
The facts are briefly
those
Individuals have deposited with the Treasury gold coin, and received therefor certificates promising to pay back gold coin when demanded. If the Government returns for such certificates which are the
form of money usually presented for gold desired for
shipment legal gold coins, it has fully and honorably
complied with its contract. Certainly, as a simple
bars,
:
—
—
m
THE
486
CHRONICLE.
business proposition, the Treasury should not be called
upon to furnish a better form of gold than that
The mere fact that the Governoriginally received.
LVol. LU.
[From our own correspondent.]
London, Saturday, March 14, 1891.
The value of money has fallen sharply this week. The
Exchequer have already begun to exceed
agreed payments tioca. the
ment has been furnishing a better form of gold, under
a mandatory statute, and that it now proposes under
a discretionary statute to furnish only what it
the receipts. Speculation has completely stoppsd, trade is
to furnish, might, from the change, create a slight quieter than it was, and the number of finance bills has
disturbance and slightly advance the rate of exchange
greatly decreased. The demand, therefore, is smaller than
but that it can have any such permanent effect, or the supply, and apparently we are about to have a period of
great ease in the market, unless, of course, some acsident
disturb public confidence in the condition of the
should occur, or an unexpectedly large demand for gold
that
so
more
much
incredible,
me
Treasury, seems to
should spring up abroad. The alarmist rumors which have
it could by any possibility increase the exportation of been circulating for some time have died away this week.
It
gold.
It is not reasonable to suppose that persons are is now believed that the great issuing house whose diffigoing to export gold at a loss simply because the Gov- culties have excited much apprehension will be turned into
ernment refuses to furnish it in the most desirable a limited-liabiUty company, and that sufficient fresh
money will be put into it to enable it to continue on a safe
and profitable form.
footing. The rate of discount in the open market is 3 7-16
Now, in regard to this action of the Department
per cent.
being extreme or abrupt, permit me to briefly recapThe price of silver has been slowly, but steadily, rising since
itulate the facts, that you may see that such has not Friday of last week. It is now 45 5-]6d. per ounce. The
;
—
The change
in the law was suggested pressure of American sales has eased off, and there is a good
annual report and in the demand both for silver and India Council bills for India.
The Indian money market is decidedly easier than it usually
Bills to this
report of the Secretary of the Treasury.
still the export business is good,
is at this season of the year
effect were introduced in each House of Congress
and money is in fair demand. The Bank of Bombay's rate
and favorably reported in each, and finally, as you of discount is now 5 per cent and that of the Bank of Benhave stated, upon an amendment offered by Senator gal is only 4 per cent. Yesterday Russia was again buying.
The fortnightly settlement on the Stock Exchange, which
Sherman the act was unanimously adopted. There
began
on Tuesday morning, shows that there has been a furwas no objection to it upon the part of any one, except
been the
at
case.
some length in
my
last
;
ther diminution in the speculative account open for the rise.
Exchange borrowers were able to obtain all the
advances they required at from 2% per cent to 3 per cent
a former Director of the Mint, who had been instru.
Stock
mental in having the act of 1882 passed.
The day
after Congress adjourned telegrams came
Department asking for gold bars in exchange for
gold coin, for shipment, and other dispatches indicat.
ing that further shipments would be required for Satto the
urday's steamer.
of the Treasury
Upon consultation with
the Secretary
was decided to make use of one of the
alternatives allowed by the new law, viz., to make a
charge for the bars, and a charge of four cents per
hundred dollars was imposed, which is the Mint charge
for manufacturing fine bars from crude bullion.
The
next request for gold bars was made on Tuesday, the
17th instant, for $1,000,000 in gold bars, wanted for
shipment on Wednesday. This request was made with
it
the full knowledge that the charge of four cents a
dollars would be imposed; so that it was evident that the firms desiring the bars were 'willing to
hundred
pay
this charge.
Under the new law the charge
to be imposed "shall
equal the cost of manufacturing the bars." Unless it
is a fact that the cost of manufacturing fine
gold bars
exceeds four cents per one hundred dollars in value, no
higher charge can be imposed. The only alternative
was to decline to make the exchange,
which, after careful consideration, was decided upon by
the Department. So that this action, instead of being
abrupt or extreme, has been approached by
gradual
steps, with the full knowledge of the public,
and would
have been taken by the late Secretary but for a decision
of the Attorney-General that it would not be
legal.
left, therefore,
and within the Stock Exchange the carrying-over rates were
exceedingly light. In the American department they averaged about 4 per cent in the international department they
were even lower, and in the British Railway market many
stocks were scarce, so that a rate had to ba paid for post;
poning delivery. Practically all speculation is for the time
being at a stand-still. Every one is afraid to increase his
But
risks, and even the bears don't venture to sell largely.
the quotations are fairly well-maintained, except in the South
American market. In that department they are quite decepive.
It is impossible to sell even a few thousand pounds'
The trust comworth of stock at the current quotations.
panies and the great financial houses are compelled to hold
the stocks, for a comparatively small sale would break the
market.
The belief now is that no serious failures will occcur here
in London but there is still much anxiety respecting the
course of events in the Argentine Republic. The run upon
the National Bank and the Provincial Bank in Buenos Ayres
became so severe last week that the Government had to apply
to the foreign banks for a loan, which, however, was refused.
Business was therefore suspended during Friday and Saturday, and a meeting of merchants was called, at which it was
decided to raise a popular loan of 100 millions of dollars in
paper. To enable this to be done, the banks, the Stock Exchange and the Custom House were closed on Monday,
Tuesday and Wednesday. It is now understood that the
subscriptions are sufficient to tide the two banks over the
Up to Wednesday night they amounted to about 40
crisis.
;
and more is expected.
The truth is that
every possible pressure has been put upon the foreign banks
and companies by the Government, and that they found
themselves compelled to subscribe.
It is hoped that the determination of the Argentine GovernI respectfully submit that this action is for
the best ment to support the banks will restore confidence, that
interests of the country, and especially for
the business lending and discounting will go on more freely than for
community of New York, and should commend
months past, and that after a while trade will begin to reitself
cover some activity. In the meantime, however, there is
to all good citizens; and that the effect of
it will be to
much fear of politifcal disturbance, and of course all the prodeter shipments under certain conditions
and to raise vincial State banks, as well as the two mortgage banks, are
the gold point, so that it will not be
profitable to ship known to be bankrupt. In consequence of the panic all
gold rather than to buy exchange at rates
which have Argentine securities have fallen sharply this week. The
heretofore induced gold shipments.
heaviest fall has been in the bonds of the province of Buenos
Ayres. Until now it was hoi>ed that that province would be
Respectfully yours,
able to pay the interest in gold but as the province has not
E. 0. Leech,
Director of the Mint.
millions of dollars,
;
upon
own
State Bank, having to rely entirely
the National Gtovemment, and as besides two old
been able to
assist its
MABcn
THE CHRONIOLE.
33, 1801.
48?
Ioan» ot the province which had beou guaranteed by tho
nation ore inchided in tho funding agreement signed here
now
seen that Bueuos Ayres will have to
As to the other provinccB,
l>ay ill fnper like tho Republic.
what will happon nobody can foresee. Tlio general depression
has been incruoscd by a run in Paris upon the Banque des
Deix)ta ot do Coniptes Courant«.
It has, however, received
assistance from the Bank of France, and it is liopod tho crisis
is over.
In Berlin, too, industrial securitieH are again dcpresst^d, and tlie position of some of the banks is believed to
be unsafe. As is above said, therefore, business is almost suspended upon the Stock Exchange here at present. All departments, including the American, are quite lifeless and even
last
weeic,
it
iH
;
investment
is
slacker than for
some time
past.
The Banque des Depots was
established nearly thirty years
has a nominal capital of 80 millions of francs, in
shares of .500 francs each, only 130 francs per share being
paid up. It is imderstood that it has lost its whole paid-up
capital and nearly half as much more. It applied early thi.s
week to the Finance Minister for assistance, as the Bank of
France had refused an advance. The Minister, however, has
induced the Bonk to lend 60 millions of francs, the other
bank guaranteeing 15 millions of francs. The difficulty arose
out of participation in unsafe issues, largely South American.
It is said also that the Bank discounted bills accepted by some
of tho issuing houses that have got involved in the Argentine
ago.
It
difficulties.
mvi.
Mar.
isas.
11.
Uar. U.
U.
U'lr,
M'ir.
<
>
S3..'I0I.>10
ea.tei.iMo
W.
Olroalatlon
M,M«,18S
PnbliodapoilU
Other depoalM
11.777,S83
«,4m,2ii
11,007.817
MMMM
20.086,708
!<3.3»S,773
M,««8.0S«
n,Ml,U7
donnunent •onriUM
U.88B,U1
88.a3»,6M
U.818,0I«
18,»ri,Ml
«>.68»311
u.iMjan
n3M.SS8
ia.SIM,M>
Other aooarltlea
Reearre
le,»M.»M
88.817.811
»3,7B».nt
Oolnand
bullion
Prop.uieUiollkblllUei.perot.
Butkrate
perot.
OoMoU
38M
61
s
•1
97 1-10
Olewtnc-Hanaa retuma
118,768,000
97
(3,<Kl,iM
ei.i8t.iM
M7.1S
s
5-Kzd
110.830,000
•TMxd
ItS.MS.ooo
143,7«3,(>09i
•Uarcb 13.
t March 16.
The following shows the imports of cereal produce into the
Qnited Kingdom during the twenty-seven weeks of the season
compared with previous seasons :
IMPOBTS.
Wheat
CWt.
Barley
OatB
Pea«
Ueana
Indian corn
Flour
1890-91.
1889-90.
29.011.077
""
9,H30,40G
12,577,197
6,822,973
1.033.728
1.000.572
l,887,9i»l
1,752,713
11,107,165 1C.8S3,349
8.039,582
8,917.550
1888-89.
32.931,097
29,13.'>,43.'>
1887-88.
23,107,454
10.739,999
9.023,806
1,930,006
1.103.237
11.099.323
9,917,661
11,6(!7,5H1
8,81(),31S
1,142,893
1..392,422
13.761,487
7,975,679
Supplies available for consumption (exclusive of stocks
September
oa
1):
1890-91.
1889-90.
1888-89.
1887-88.
rmport8Ofwlieat.0Wt.2n,l3.'>,43,5
8.0,^9.392
Imports ot flour
Bales of homo-grown. 2 1.776,265
28,014,077
9,830,40«
27.310,700
33,9.">1.0!>7
25,1()7,4.'54
7,97.5.670
19,702,006
9.947,861
22,986,727
58,971,282
65,155,213
60,628,912
58,102,032
1890-91.
1889-90.
Total
1888-89.
1887-38.
EngUah wheat, per qr.—
328. 7d.
2?5. lid.
30s. Id.
At the half-yearly meeting of the shareholders of the Bank Average price, wook
30s. Od.
3U. 7d.
Average price, season. .328. 3d.
of England on Thursday, the Governor made a very satisfacfollowing shows the quantities of wheat,
The
tory statement respecting the Baring liquidation. In Novemmaize afloat to the United Kingdom:
ber, he said, the liabilities amounted to 31 millions sterling
This week.
Last loeek.
1890.
1,691.000
2,225,500
qrs. 1,732,000
and the assets apparently to nearly 25 millions sterling. Since Wheat
then the liabilities to the public have been reduced to a little
over 9}i millions sterling but those to the Bank of England
considerably exceed 6^2 millions sterling, making the total
liabilities at present somewhat under lOJ^ mUlions sterling.
The cash assets and tlie debts due amount to nearly 4^ millions sterling, leaving a deficiency of nearly 6 millions
sterling.
To cover this, however, the partners' private property of all kinds is estimated to be worth a million sterling,
and there are securities readily realizable worth about another
million and a quarter. Thus there are good assets of about
8J^ millions sterling readily realizable, which leaves a deficiency of about 3% millions sterling. These consist mainly
of South American, and especially of Argentine and Uru-
Flour, eoual to qrs.
qrs.
M»lze
380.000
265,000
390.000
230,000
30j.
305.
flour
6iI.
2d.
and
1389.
1,831,500
290,090
582.000
201.000
279.000
;
guayan
securities.
The Governor of the Bank of England
believes that they will be sufficient not only to cover the
deficiency, but to leave a surplus, and that consequently the
guarantors will not be called upon to
their guarantees.
make good any
The negotiations for converting into a
company the business of one of the largest
part of
limited-liability
ot the financial
houses connected with the Argentine Republic are still going
on.
A firm of accountants has been for about a fortnight
examining the books, and hourly it is expected that their
report will be sent in. If it is satisfactory, as expected, then
a million sterling will be advanced on debentures by one of
the greatest of the trust companies, and the house in question will be placed on a satisfactory footing.
The dispute in the shipping trade has ended in the complete
defeat of the men. This is due mainly to a quarrel between
the trade unions.
men have
Unable to agree among themselves, the
by the
practically submitted to the terms dictated
Shipping Federation. It is hoped, therefore, that the dispute
is now completely at an end. The relations, however, between
employers and employed in all industries are rather unsatisfactory.
This is more especially so in the iron trade, which
is suffering much from the falling off in orders from South
America and also from the United States
yet the workpeople refuse to submit to a reduction in wages, and the
;
employers complain that at tho present scale of wages they
are unable to work at a profit. The coal trade is still active,
and wages
are very high. The ship-building trade continues depressed; few new orders are being placed, and the old
orders are being gradually completed. In the textile trades
cotton is somewhat disturbed by the disorganization of the
in
it
Indian trade, owing to the fluctuations in silver; on the other
hand, it is benefitting by the cheapness of raw material.
Enclleh Financial Itlarketa— Per Cable.
daily closing quotations for securities, &c., at London,
are reported by cable as follows for tho week ending March 87:
The
Londoti,
d
Sliver, per oz
Con8oU,new, 2% per cts.
do for account
Mon.
Tuea.
Wed.
Thurs.
15i,fl
44%
4158
96=9
44=8
969,e
96ilte
Purlsjfr. 95-10
Fr'ch rentes (iu
D. 8. liisa of 1891
U. 8. Is ot 1907
|101'9
Canadian Pacific
Chic. Mil.
Illinois
& St.
Paul....
Central
Louisville
123>e
78i8
SS^a
96i4
112%
Lake Shore
A
747g
Nashville..
7m
Mexican Central Is
N. Y. Central & Hudson. lOlia
N.Y. Late Erie* Wesfn 18«8
lOlVj
do
2d cons
Norfolk* Western. pref. Si's
1
Fri.
961ii«
969,6
96»,8
961. ,« 96%
96=8
96=8
95'07is 9497I3 95121a 91-95
101 "9 lOlil 104>4 101 14
1231a 1231a 1231a 123 13
7878
79
79
78%
56I3
5709
56 >g
56%
961a
961a
961a
961a
113
II213 113
1121a
7579
7178
7579
75 »s
7379
7373
7378
73''e
101
xl03% 1031a
1878
19
19%
18%
101 13 101%
10179
5II3
5518
5488
65
72I3
72 «9
71%
731a
5213
5258
5258
521a
15
151a
151a
151a
45I4
4514
45 "a
lom
J
?
s
i
1
lom
72»3
Northern Pacific, pref...
Pennsylvania
Philadelphia & Reading.
Onion Pacific
Wabash, pref
52 >3
15
451a
I8I4
19%
19
19
18%
®ommet;ciaI and W^isctlVxntoxis Mcvos
—
Imports and Exports for the Week. The imports of
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were $12,330,774, against J10,386,028
the preceding week and 810,881,053 two weeks previous. The
exports for the week ended March 24 amounted to $7,139,984,
against $7,033,986 last week and $8,629,376 two weeks previous,
Tne following are the imports at New York for the week
ending (for dry goods) March 19 and for the week ending (for
last
general merchandise)
of the first
week
March
20; also totals since the
Qeu'l mer'diae.
Total
8i)ueJan.
NEW TORK.
1890.
1889.
1888.
Dry Goods
begimuog
in January.
FOREIOH IHPOBTS AT
For Week.
$2,093,628
5,660,351
$3.139.607i
7,816,946
$7,753,979
$11,255,553
$37,660,864
77,331,097
$40,082,698
82,715,501
1891.
$2.956.667|
5,935,909
$2,160,889
9,869,885
$8,912,636
$12,330,774
1.
Dry Goods
Qen'l mer'dlse.
$12,630,360 $35,333,316
76,020,316
88,386,993
Total 12 weeks. Jl 11.994,961 $122,798.199;$118.650,706 $123,720,539
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 24 and from January 1 to date :
XPOHT8 FBOK
The wheat trade is quiet, and prices are slightly dechning
the week..
The following return shows tho position of the Bank of For
Prov. reported.
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years
Total 12 weeks.
:
Sat.
453i(i
mw TOBK
1898.
YOB THB WBBK.
1889.
1890.
1891.
$7,068,264
74,941,134
$7,139,084
$67.991,113' $81,871.780! $82,000,398
$80.736,411
$3,784,360
64,207,0531
$7,307,241
74,364,539;
7S,M«,427
THE CHRONICLE.
488
The following table shows the exports and imports of specie
since
•t the port of New York for the weet ending March 21 and
Jtm. 1, 1891, and for the corresponding periods in 1890 and
1889:
BXPOKT8 .un> IHPOBT8 OF 8FB0IB AT
NBW
TOBK.
Exports.
ooia.
Sine* Jan.
Week.
OnaX
Ocnnany
7,260
300,000
2,100
$3,087,365
252,435
1,425,477
Vest Indies
Mexico
outh America
All etlier coontrles.
Total 1891.
Total 1890.
Total 1889.
4,075
1,046,500
2,100
$8,636,645
1,991,185
5,967,026
$19,793
396.688
195,736
$1,223,502
3,054,651
1,912,204
Imports.
Exports.
Since Jan.l.
$225,600
Oreat Britain
France
Sontb America
AH
161.492
12,500
other countries.
$411,592
287,771
536,485
Total 1891.
Total 1690.
Total 1889.
$4,359,874
5.512,881
4,144,474
demands
for first-class investment
securities.
—Attention
invited to the advertisement of Mr. Jacob
sale, or in exchange for old bonds maturEssex Railroad.
ing, the 4}^ per cent bonds of the Morris
is
Rubino offering for
&
New York—Monthly Statement.—In
FoBKiaN Tbade of
addition to the tables on another page, made up from weekly
return*, we give the follovdng figures for the full months,
also issued by our New York Custom House. The first statement covers the total imports of merchandise,
IMFOBTS nrro hbw tobk.
Month.
169,358
35,025
272,980
39,900
12,000
—
18«0-«1.
$3,645,277
197,334
exloo
called to the card of Messrs. Knauth,
bankers, in to-day's Chkonicle. This firm
issues letters of credit, draws drafts, or makes transfers by
cable or mail to suit customers.
Messrs. John H. Davis & Co. publish in the Investors'
Supplement their banking card, and offer to investors their
is
& Kuhne,
Since Jan.l.
Week,
Germany
West Indies
Jan.l
$1,075
1,000
6,140
11,578
eater.
Week.
Sitice
$120,625
329.760
423.840
10,954
37,527
300,796
$500,005
2,878,000
France
1.
$129,173
522,810
6,878,877
1,053,110
Britain
Week.
— Attention
Nachod
services in meeting their
Imports.
Lu.
rvoL.
27,362
$27,362
29,813
16,938
$20,439
48,925
93,775
74,453
226,156
$463,748
363,036
381,894
Of the above imports for the week in 1891, $2,896 were
American gold coin. Of the exports during the same time,
18,067,865 were American gold coin.
Dm
Wringer Company has been incorporated
in Rhode Island, with a capital stock of $2,500,000, which is
divided into 8,500 shares of preferred and 16,500 of common;
6,500 shares of the preferred stock and ll,50O shares of the
the shares are now offered for public subscription at par. The
appraised value of the property turned over to the corporation,
free of all encumbrances, is $2,180,373.
The average annual
net earnings for the past three years have been $260,340,
which is equivalent to 7 per cent upon the preferred stock
and over 12 per cent upon the common stock, and on the basis
of last year's earnings would be over 13 per cent on the comm<Hi stock. Full particulars relating to the enterprise will be
foimd in our advertising columns. The subscription lists will
be opened on Thursday, April 2, and close on Saturday, at the
offices of Messrs. Wilbour, Jackson
Co. and Henir Pearce,
of Providence, R. I., and at other places given in the advertisement.
&
—The trustees of the Interior Conduit & Insulation Co., a
New York corporation, offer for sale $300,000 of full-paid
shares of the company's capital stock. The total authorized
capital stock is $1,000,000.
This stock is oflfered for the purpose of acquiring capital for the purchase of the entire plant
Electric* Gas
^L*SS^^™*°'^
West Thirty-fourth
Fixture Co., Nos. 527 and
Street, including real estate, buildings
and machinery immediately adjoining the present factory of
the Interior Conduit
Insulation Co., and also to provide
additional workmg capital for the operation of the
acquired
property. The stock (par value $100 per share) is
offered to
mvestors at $75 per share until April 4. 1891, and a syndicate
guarantees to take at that price all the stock not subscribed
tor on that date. Mr. E. W. Little, trustee, Nos.
16 and 18
Broad Street, will receive subscriptions. See particulars
in
529
&
the advertisement.
eoodi.
Mm.
Total.
iise.
«
Jnly
AuniBt..
,
September
October
.
. .
%
14,814 ,70»
37,289,011
51,503,719
12,052.320
82,783,962
11.14».<67
28.8S1.047
40.000,514
11.793.529
31.255.059
12.758,678
36,3t!2,6M
35.086.606
49,131,332
46,849.372
12.885,867
8,609,501
23,620.037
ll,792,76B
35.076,516
November
7.837,469
34.753.239
42,590,708
8,897,3691 28,769,743
December,
8.167,9:«9
31,627,717
39,795,7J«
10.576.808; 29,633,788
luiaary....
14,249,505
42,580,753
16,566.805
Cebmarr
13,146,961
28.331,248
29,»S3,3C5
43,100.2S9
15.795,270] 25,433,879
.
93.817,666 262.224.857 355.B42.4J8
26,161.326
CUSTOMS BBCEIPTS.
At Nma Fot*.
Total HirchanMtt.
I
44.836,288
43,048,588
86,505,904
43,686,017
87,967,112
40,210,696
42,723,131
41,229,148
97,177,499 232,7C4.310 329,911,77
BXPOBT8 FBOM NEW TOBK.
Jfonth.
usg-so.
1689-90.
Ih90-91.
common stock havmg
been taken at par by the present stockholders of the four corporations merged, the remainder of
Qeneral
ATcrchon-
Dry
lotdU
Mcreharv.
fioodi.
Total...,
— The American
1889-90.
emeral
t
t
July
29,080.929 31,544.187, Auffoat
28,833,707'
September..
29,739,699
July
August
September
October
November..
—
27.811,440
28.S94.127|
32,059,53]
31,811,284
26.508.032
27,717,301
—
34,:2«,559
32,399,948
Jsnnarr
27,000.139
26.509,491
October
November..
December.
January
Fabmary....
2'1,433,249
27,940,631
February...
232.759.642 235,177.576
Total...
December
.
Total.
.
.
17,173,523
13,787,880
12,978,144
13,384,508
15,799,709
12,019,108
16,091,811
10,154.869
12,202,089
11,176,00*
10,704,233
10,997,986
16,794,658
15,223.828
18,280,390
13.888,616
111.947,734, I02.61«.40e
—
Auction Sales. The following were recently sold at auction
by Messrs. Adrian H. MuUer & Son
:
Bonds.
$10,000 Georgia 7s, 1894, J. &
Shares.
50 Pacific Bank
198^4
10 PeopIcB's Bank
302ia
10 Park Bank
341 la
50 Farmers' &. Citizens' B'k
of L. I.. $25 eacli
$15
1 N. Y. Society Library.. $110
1 N. Y. Law Institute
$60
70 Nat. Broadway Bank
291
30 Man. BeacliHotel & Land
Co.,Lim..prcf
D.,
1,
ER.
1871, coup.on..
&.
2»e
Oregon
J.&J
90
58, 1918,
Great Nor. RR.
$1,000 Int.
purcli'somoncy 1st 68, 1919,
&
H214
Mav. 1889, coupon on
$1,000 Junction (Penn.) RR.
1st m. 4i2S, 1907, J. & J. .lOO^a
$1,000 Junction (Penn.) RR.
2a m 6s, 1900, A. & Oct... 112
$2,000 Phila. & Reading RR.
.
3
N. Y., Prov. & Boston RE 230i2
10 Continental Nat. Bank. ..139
Consol.Elee
125
Storage Co.$5p.sh.
58 N. J. Zinc & Iron Co
13312
1 00
June
$1,000 California
.
7s, 1911, J.
$1,000
Pliila.
6s, 1893, A.
50 Tliurber-WhylandCo., pt. 100
200T. St. L. &K. C.RR.,pf.. 1613
3 Rose Brick Co., unencum.285
1 Montrose Point Brick Co.$35
3 Certs.ofmemb.inthcB'dK
Mat'l Ex. of N. Y. C..$67 eacli.
1 Cert, of memb. in the Meclianlcs' &, Traders' Ex.
of N. Y City
$51
.
AD
112%
& Reading RE.
109%
&
& ReadtuK RR.
I2714-I21
& N. Y. Canal
& EE. 7s. series A. 1896. ..112%
$7,500 Man. B'ch Hotel & L'd
Co., gen. 50-year 4s, 1940.. 40
$5,000 Wash. & Georgia RE.
127I2
$2,000
Pliila.
6s, 1911, J.
&D
$1,000 Penn.
6s, last issue
Bonds.
Elec.TracCo.
$10,000 United
announcement of the Standard $20,000 Town of Hartford 3s,
40-55
30-year 6s
Chemical Company in our columns to day. This
consol.,
91
1909,J.
&
J
Mil. & St. Paul RE.
$1,000
14
companv
was incorporated last June for the purpose of
$104,000 Lacka. & Soutliw'n
(Pr. du CliienDiv.) 7<.oP.c.,
manufacturine
R'y Co. 56, 1929, J.&J., July
1898, F. & A. (endorsed).. .111
drugs and chemicals— especially the new remedy,
10-11
1, 1890, coupons on
000 American Invest. Co.
Which costs the consumer only one-twentieth theQuickine
of Em., la., tis, deb., 1897..$620
price of
Antipynne, and only one-tenth the price of
Quininefand
is
The following were sold by Messrs. R. V. Harnett & Co.
clauned to be superior to these drugs in every
way. The
Shares.
Shares.
medical profession,
--Attention
is
called to the
it is said, have ah-eady tested
the merite
of this product, and look on it with
favor.
few shaTSof
treasury stock are now offered for sale,
in ordefto i^cre^fthe
^' "^^ P"<=« °f this stock is to te ad^ced
IS^'l'^fth''^""'- .
A
di^te
i^'tir."*""
"°'^'
'"^
^
"^"
«'- "
their
imm^
I
5,000 Victoria Mining Co. ..$200
.
n. \. and Brooklyn Gas Securities
GAS COMPANIES.
Brooklyn Gaa-Llght
^^'^ Kood illustration of a Herring safe will
be found
of the Investors' SupplemInt
issued ^dav^n
^JZi^
on the cover
a Snto^
century.
Identified with the safe business
Ttl^*°
The house
keeps pace with the times
elusive rights to valuable
improvements.
^H^^^^'ir/®"""? *"«'
of securities
^ra»d^S.^^- ^•^inTo-t^^'^H^K^.rcrat'kS^"/
andholdsTx
HairisT^Cr o^N^i^^
Sr
Sie
...
Consoliaated Gas
Jersey City & Hoboken.
Mutual (N.
y.)
Bonds, 68
Nassau ( Brooklyn)
Scrip
from which thev mav
next Tuesday, March 31, at
thrReV
city.
A rare chance is offered
investors.
Citizens' Oas.Liglit
Bonds, 68
Metropolitan— Bonds
fo?haU
'^
v'^^Htntr
Elclmnge this
'^^cnange,
thTs
54 Third National Bank
|
I
Bid.
120
88
100
96
170
110
118
100
135
100
Nob. 16
ALBANY
91
106
lis
120
102
Fulton Municipal
Bonds, 6s.,
I
Bonil.s,
68
130
100
116
106
I
{Equitable...
Bonds, 6s
105
132
IDS
118
108
II
l^^ittaucial.
Trask
BANKERS,
N. Y.
AJk
iWllIiamsburg
and 18 Broad
TRANSACT
I
^130
1108
M6troi»oU(an(Brooklyn).. |102
102
Maniclpal— Bonds, 7s
IPeopIe'a (Brooklyn!
loa
Bid.
I
83
123
90
103
97
SawMttfl atia
Spencer
—Brokers' Quotations,
GAS COMPANIES.
Ask.M
107'%
!«treet.
8AHATO(iA. N. Y:
A OBNBKAL,
&
Co.,
New York
Citr.
PKOVIDBNCB.
R.
1.:
BANKINR BUSIKKSS.
All classes of Securities Bought and Sold on Commission. Bpeoial attention
given to Investment Securities. Direct w-lre to each oflBce and to Pbiladelpbla.
Boston and Chicago.
Mabob
THE CHKONICLK
98,18011
She
Po8t«d rates of leading bankers are as follows:
ganliers' CSaxette.
March 27.
DIVIDENDS.
Same of Company.
Kallroad*.
irA<n
OetU.
PayabU.
I'no. (uimr.).
1
May
2
April
April
'--"
April
April
CIn.
New
IhI.
&
A
—
1\
2%
OeorKiu RK. & ItitaUuK Co
Norfolk A Wost<>ni. prof
Pltt«. YoiiiiKK. & Ashtabula prof..
A
Ralelgli
1»»
3>s
3
liudtou
Rio Oraude Western pref. (quar.)
1>4
Chatham National (quar)
Clintou
Oallatlu National
4
Murray
3
6
4
2
Hill (quar.)
Vnltvu 8tatc8 National (quar)
Book* Cloted,
{Dayt inelutive.)
1
3
2
)
20l April
1
to
to
to
to
to
to
to
11*
2l«
2
Demand,
4
94^*4
4
84«t«4 84>«
4
M8<t90
»n^«
8ft
SO
18>e5 15l%i»a 15
95 Ig'
95^g»9e
April 20
April 14
Duited States Bonds.— Governments have continued* firn
throughout the week. Purchases of 4U per cent bonds by
the Treasury, under the circular of Oct. 9, iiave amounted to
Mar.
$12,728,800.
l>7
April 1
April 15
April
April
April
April
April
1 Mar. 28 to Mar. 31
1 Mar. 25 to Mar. 31
6 Mar. 26 to AprU 5
April
April
1
1
1
1
The daily purchases are shown in the following
statement, kindly furnixhed us by the Treasury Department.
Purek'M. PrlcM
Mar. SI.
" SS
to
to
"
U
SB.
M
"
«T
'•
"
8 April 2 to April 8
April
April 15 April 9 to April l.'i
April 15 April 2 to Ai>ril 15
WALL, WTRBKT, KRIDAV. MARCH !J7. 1801-0 P.M.
The Money Market and Financial Situation.— Business
* Par
4KP<r0Mitj«««18Wl.
to
niocellaneoiia.
Cent & 8..\nu'r.T.'lfKraiih (quar.)
Mexican Telegraph (qiiur.)
Proctor A Gamble pref. (quar.)..
PariK linukerH (franco
Day:
4 se>«
Mar. 28 to April 20
20
TruKt Companlea.
Atlantic (quar.)
LOUK Islaml (quar.
Prime eommerolul
OocumiMil iiry commercial
Amsterdam (KuHdem) bankers
Frankfort or Bremen (rolobmarks)b'nkcrs
18 April 2
23
March 28 Mar. 21
Anril
1 Mar. 21
May
1 April 6
Banks.
Sixty
Prime banker*' Kterllng bllU on London..
Per
Drli'iiim It Tex. I'ae
West. (quar.).
Delaware I,aek.
ChloaKo Kook
48^
ToUI.
...
...
.
..
1I»,!SOO
»27,700
20.00^
IIM.SOO
9(1,800
W.800
M.BOO
10,800
04.600
10,300
878.800
818,800
IS7.700
20.000
hM.
Omu dut mm
PHcM paU
Ottrimt. Pwreh'm.
^:
bI
55
S^
'1
The closing prices at the N. Y. Board have been
Exchanges with Thiirsday afternoon, and to-day,
Good-Friday, is observed as a holiday.
Mar. Mar.
Inlereil Mar. Jfar.
21.
25.
Periods 21
23.
There has been a large speculation at the Produce Exchange
small
weeli,
on
the
this
based
Trade
of
Board
and the Chicago
102
'102
*102
102
Teg.
4>s8, 1891
stocks of grain on hand and the reported bad condition of 4>S8, 1891
102
•102
102 *102
coup.
•121ie 121>€ 12138 121
winter wheat in some parts of Europe. Should the pres- 48,1907
Ten.
•120
'120
120
120
when
new
our
Int.
pd.
remain
current
stamp'd
Do
wheat
July
for
quotations
sent
coup. Q.-Jnn •122»e *122i6 *122i4 '122
1907
crop from Texas, Kansas, &c., is coming in, the profits 4b,Do
120 120 *120i4 '120
ex-cp to J'ly,'91
110
to farmers in those sections would be unusually large 68, cur'cy,'95
110 -110
reg. J. A J •110
113
113 *113
rcg J. A J. *113
and the situation, in Kansas at least, would be greatly im- 68, cur'oy,'96
*116
'116
116
reg J. A J. •lltf
All this would help the railroads; although it must "89, cur'c.v,'97
proved.
*119
119
119
J. .S J. *119
reg
cur'cy,'98
69,
be said that the effect of one single class of business on parcur'cy,'99
reg J. A j: *121'a 1211a *121ia 121>s
as follows:
closed at the
Even our anthraticular railroads is usually over-estimated.
cite coal roads are reaching out and endeavoring, with more
or less success, to get general traffic, so as not to be dependent
For this reason the late Coxe decion one class of freight.
sion, if sustained, will be less important than it would have
been a few years ago. Jersey Central has been conspicuous for increasing its general business largely since the present
—
—
6s,
Jfor.
26.
Mar.
27.
'102
102
121
'120
122
m
120
110
113
'116
119
'121>s
the price bid at the mominx board no oaU was ma-ln
Government Pnrchases of Silrer.—The Qovemmemt purchases of silver in March are shown in the following
*Tlil9 is
:
:
Pnee paid,
Ounces
Ounces
purchased.
offered.
property.
~3,503,914 $0-9814 « *0-995(>
It is also true that the loss of one large item of freight be- Previously reported.
526,000' $0-9894 3 $0-99
1,204,000
23
comes a matter of notoriety and is so much talked about as to March
•*
129,000 $0-9810 a$0-98I25
533,000
25
be over-estimated. Thus with the loss of corn on Burlington
»
" 27
»
68,745;
Quincy in 1890, or of Kansas wheat on Atchison and other •Local purchases
was
roads when the crop there was a failure, the deficiency
•Total in month to date.
an undoubted and deSnite quantity; but the growth of busiThe local purchases of each week are not reported till Monday of
ness from passenger and other traffic which was quietly tak_^_^
ing place was an invisible quantity, and was generally under- the following week
estimated.
State and Railroad Bonds.— The sales of State bonds,
in
the
affairs
review
railroad
on
108i^-108J4;
a
of
It is a fair conclusion,
at the Board have been: $7,000 Ala., class "B," at
United States during the past three years, to say that our rail- $5,000 class "A" at 104; $4,000 Tenn. settlement Ss at 71, and
all
if
not
themselves,
able
to
take
care
of
well
roads appear
$1,000 La. consol. 4s at 89%.
their obligations, and become good-paying properties, if they
Railroad bonds have shown no animation and prices have
legislatures.
and
the
State
alone
Congress
let
by
only
are
not fluctuated much as a rule. Oregon Improvement consol
The open market rates for call loans during the week on 53 have been amo-ig the most active, and on quite large dealings
stock and bond collaterals have ranged from 2 to 4 p. c. the rose to 71 Thursday, closing at Vi%. Atchison incomes have
To-day rates on call were 3 to 4 been traded in quite largely and closed at 43}^, and Atlantic
average being 3 p. c.
Prime commercial paper is quoted at 5(a5J^ p. c.
p. c.
Pacific incomes were also active early in the week, and the
The Bank of England weekly statement on Thursday showed last sale was at 11. Louisville New Albany & Chicago consol.
a decrease in specie of £385,000, and the percentage of reserve 68 hold their advance well at 93i^, though there is nothing
Richmond Terminal
to liabilities was 34'74, against 38'18 last week; the discount further as to the syndicate transaction.
rate remains unchanged at 3 per cent. The Bank of France collateral trust 5s have not sold freely, and close at 68%^. Rio
shows an increase of 975,000 francs in gold and 2,885,000 Grande Western 4s are stronger on the dividend circular and
francs in silver.
good earnings, closing at 77. Northern Pacific consol. 5s remain
The New York Clearing House banks in their statement of steady at 831^(383%. Texas Pacific first 5s are at 87 and second
March 21 showed an increase in the reserve held of $133,200, incomes at 30. Whenever there is an improvement in the
and a surplus over the required reserve of $9,055,375, against general tone, the bond market will probably be the first to
$9,793,575 the previous weeK.
feel it.
management took the
\
&
,
&
1891.
3for. 21
Differen'sflrom
1890
1889.
Prev. week.
Mar. 22.
Jfor. 23.
60,862,700
60,572,700
Surplus
63,237,900
57,868,600
Loan»anddl9c't('408,112,.S00 Inc. 3,959,200 403,531,200
Circulation
3,488,100 Dec
39,800
3,6.37,500
Ket deposits
414,'216,.i0O Inc ,3,48.'^,600 411,(35,100
Bpeoie
77,731,100 Inc
75.400 81,4MO,300
Legal tenders
34,878,400 Inc
57,800; 24,704,it00
Beeerve held
ll2,«09,.')Oo'lnc
133,20ol 106,275,200
Legal reserve
103,5.54, 12.t Inc
871,400; 10-J,858,775
Capital
.
,
.
Bnrplus reserve
.
9.055,375 Dec.
1
738,20o|
3,416,425|
60,762,700
53,142,100
421.311,400
4,277, -'00
441,.'>02.700
82,218,700
34,855,900
117.074,000
110,375,675
6,698,925
Exchange.— On a dull market rates for sterling
have grown easier as the week advanced. $700,000 gold
Forelgru
bills
coin has been engaged for shipment to-morrow. Actual rates
are: Bankers oixty davs' sterling, 4 85^a4 86; demand,
4 88'i(84 m}4\ cables, 4 8834.94 89.
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
par, selling Jg to ki premium: New Orleans, commercial, 50c.
per $1,000 premium; tmnk, $1 00 per $1,000 premium; Ciiarleston, buying 1-16 discount to par, selling 'g premium; St Louis,
liar to 25c. per $1,000 premium; Chicago, 70c. per $1,000 discount.
Railroad and Miscellaneous Stoclss.— The week has been
exceedingly dull in the stock market and closes one day eatiier,
on Thursdav night. There has been rather a strong tone in
the grangers stocks, and they withstood very well the effects
of the passage of the Nebraska law reducing rates in that
State there was a faint hope here that the Governor might
veto it. The reports of railroad earnings continue to make a
very good exhibit,taken as a whole; and considering the smaller
tonnage of grain now carried the comparison with 1890 is
thus far quite favorable. The Northern Pacific stocks are a
trifle weak, on the talk of increased interest charges. Atchison
has improved in tone and is steady at 27?8 <?27)^, and there
appears to be more confidence in the position of the company,
possibly due to its general earning capacity on account of
spreading out over so hrge a territory with different classes
of business. Northwestern pref. still sells at 130, owing, it is
National Cordage has
said, to the sales of stock for an estate.
been quite active, closing at 83 for common and 103>-2 for
;
preferred.
Among the unlisted specialties there has lieen little movement in anything except Comstock Tunnel, which at times
was active, and on Thursday jumped up to 40 cents, closing
today at 32 cents |)er share of $2. It has been reported
that the buying was for Boston account. Cotton Oil is
stronger at 23J4 for Trust receipts.
THE CHRONICLR
490
NEW YORK STOCK EXCHANGE—^OriTE STOCKS
tor week ending
[Vol. LII.
MARCH 27, and
HIGHEST AND LOWEST PKICEB
STOCKS.
Marcb
Active
KK.
Ateblson Top.
&
Atlantic
Stocks
& Santo
Canadian PaciHo
Central of New Jersey
Central Paciflc
Do
Do
& O., vot. tr. cert.
do
do
1st pref .
2d pref...
&
124
127
78%
5414
S'l's
Chicago Rock Island & Paciflc.
Chicago St. Paul Minn. & Cm.
66ie
*22
*78
5914
*91
*25
Chicago Mil waukee &
Do
Chicago &
Do
78I4
•45
•87
54^8
112
113
pref. 112
103^ lOS's 104
Northwestern
130
pref. 130
Do
Cleve. Clncln. Chle.
&
Do
pref
St. L. .
pref
22
•78
60
91
25
133
13458
18
26
85
59I2
94
25J2
Columbus nocking Val. & Tol.
131>ai31is
Delaware & Hudson
Delaware Lackawanna &West 134 I3413
17 171a
Grande
Denver & Klo
59
pref. *38
Do
East Tennessee Va.
&
Do
Do
1st pref.
2d pref
Evansville & Terre Haute. .
Great Northern, pref
Illinois Central
Iowa Central
Do
*48
*15
60
110
117
*94
6
85
eoH
25
85
59^8
92
•1714
58'e
Ola
59
6:
18
5914
6%
60
16%
15
117
15
115
117
95
7
20
95
•6
•19
7
•19
21
•1314 14
Minneapolis
90
7314
•22
75
<fe
St Louis
Do
*8i4
pref.
9
Mo.K.&Tex..ex2dni. bends. *llia 1214
*20ia 22
*67
6714
411a 41'
Moliilc&Obio
96
Nashv.Chattanooga&St.Louis "92
New York Central & Hudson. lOli* 101 "a
NewYorkChic.& St. Louis.. *13ia 14
66ia
Do
1st pref. *65
Do
2d pref. *28i4 2914
New York Lake Erie (St^^'tst'n *18i4 18ia
52
Do
pref. *50
3414
New York & New England ... 34
Do
pref.
Missouri Paciflc
91% 921a
73% 74
9114
7419
•22
25
Do
*53
pref.
Do
54
*26% 27
69^8
pref.
69''8
'IV
Ohio & Mlssissiprl
18
*16
19
Ohio Southern
Oregon R'y & Navigation Co. '71
73
Oregon i-h. Line & Utah North 2214 221*
18i8 ISis
Peoria Decatur & Evansville.
Phila.&Rcad..vot.trust.ccrt.
Pittsburg Cinn. Chic. & St. L.
Do
2914
*14
*47
pref.
Rlohmond&WestP'tTcnulnal
Do
1714
15
50
17=8
73ia
pref.
*72
*34i4
pref.
*72% 74
Rio Grande Western
Do
2914
36
KomeWatertown&Ogdensb'g 134is 135
St. Louis Alton &T.H., pref. *125
St. L. Ark & Tex., trust rec.
'9H 10
St Lou. & San Fran., 1st pref. *55
60
St Paul & Duluth
Do
7958
.'>5i4
56I4
25
•75
81
81
•92
92
96
1312 14
96
1314
14
6614 66I4 •65
66%
29% 2919 28
30
18% 18% 1858 1858
51% 51% 51% 51%
34% 35
34% 35
•225 235
1759 18%
•8%
858
32% 33
"14
92
25% 26
6%
15
113
*45
•17
•16
•71
•17
•16
•70
18
19
73
22% 23%
18% 18%
2959 30%
141a
•47
141s
17%
1779
7312
•72
341a
•914
•55
pref., temp. otfs.
n. ''"„
Chicago
Gas Co
'85
74% 75%
56%
131
69%
26
85
59% 60
*92
•25
93
27
17%
58%
I714
58
6%
6%
*50
16% •13
117
117
86I4
6%
60
•6
7
19
20
117
•6
•19
•1314
92%
73%
9314
7459
•22
141a
104
•21
14%
14% 14%
104% 1041a
^18% 19%
I914
•91
•75
741s
25
101
1914
92
74
95
81
•91
'78
92
96
102
•I8I4
8I4
•17
18% •16
72
22% 22% 23%
18% 18% 19
30
30% 30
"14
15% •14
48%
50
52
17% 17%
73I4
34% 35
7314
11
36
74
114
135
•914 11
60
57% 57%
•73
114
•125
73
113
50
•2II4
21
44% 44%
74% 7618
•45
21%
47
75% 75%
•86
86
86
86%
42% 43% 4314 44%
37
37% 37
37
•14
18
19
72
•35
74
•914
60
21
•45
18
•72
19
73
23% 23%
18% 1879
30% 30%
23%
19
30%
•14
15
I
^
!
731a
731a
74
74
36% 36%
36
74
135
11
60
25
89
108
•125
10
•61
•23
•85
•107
135
10
70
25
90
108
29% 30
30%
13% •13% 13%
'18
"38
•80
4459
18
60
87
4514
22
22%
^
19
60
H7
44%
23
10
•8% 10
18%
18
32
71
32
71%
20
21
47
18
32 M
7268
20
•
21% 21%
•45
4H
76% 77
86% 866r
44
36%
97%
44
105ifl
83
103%
1814
175fi
28
36%
73
193
98
36
90
80% 80% 80%
Prices from both Exo anses.
1 Ex rights
80
Xhese are the prices bid and asked; no sale made
1,')
51% 51%
17% 1759
52
76% 77%
86% 86Sf
'
*
>
113% 113% 1135911359
•125
.
!
o
c
B
15
•17
16
86
Jan.
71%
Mar.
18 Mar.
5 Mar.
96% Jan.
I8I4 Mar.
90% Mar.
73 Feb.
100 Feb.
37g Mar.
8 Mar.
11% Mar.
19% Mar.
24
27
21
6
19
18
18
18
14
7
9
12
14
14
14
14
26
17
14
14
3
5
11
9
25
14
15
11359 Feb.
9314 Mar.
79% Jan.
27 Jan.
18 Jan. 15
106% Feb. a
24 14 Jan. 4
96 Feb. 3
93 Jan. 15
111 Jan. 14
6i4Jan. 10
12% Jan. 14
Jan. 12
6I
Feb. 7
6OI4 Jan. 2| 68I4 Feb. 6
437^
Mar. 17
26 Jan. 21
30 93 Jan. 21 95 Jan. 6
745 100%Jiin. 22 104% Feb. 3
11% Jan. 2 1459 Feb. 10
100 57 Jan. 2 70 Jan. 29
100 23 Jan. 2 31I4 Feb. 10
1,740 1734 Mar. 7 21i4Jan. 14
650 48% Jan. 7 54% Feb. 10
9,405 32 Mar. 9 41% Jan. 13
100 '226 Mar. 26 271 Feb. 3
14,929 I514 Jan. 2 18% Mar. 17
3,077
7% Jan. 6 1 1 14 Feb. 17
4,318 28% Jan. 6 40 14 Feb. 18
13% Mar. 12 16% Jan. 14
300 52% Mar. 19 57% Jan. 14
2,425 21% Jan. 2 30 Jan. 14
16,807 63% Jan. 2 74 Jan. 30
15% Mar. 11 1978 Jan. 17
14 Jan. 2 18 Feb. 7
100 65 Mar. 9 82 Jan. 12
1,440 19 Jan. 5 2479 Mar. 19
550 14% Jan. 7 20% Feb. 18
5,600 28% Mar. 10 3469 Jan. 8
100 12% Jan. 7 lo'sJan. 14
100 48 Jan.
55 Jan. 13
6,405 16 JoU.
19% Feb. 7
334 67% Jan.
76% Feb. 10
210 23 J..n.
37% Feb. 5
400 55 14 Jan.
74 Mar. 25
955 100 Jan.
134% Mar. 20
122% Jan. 3
120 Jan.
200
914 Feb. 26 12i4Jan. 14
255 55 Feb. 16 70 Jan. 16
24 Jun. 15 26% Feb. 9
15 85 Jan. 5 89 Mar. 16
140 100 Jan. 2 1 1 1 Feb. 6
1,350 23 Jan. 16 31% Mar. 16
6fc0 1 2% Mar. 10 I6I4 Jan. 14
250 16% Jan. 2 20% Jan. 13
61 Jan. 13 61 Jan. 13
81% Jan. 12 88 Feb. 16
11,405 4169 Jan. 26 4868 Jan. 14
200 21 Jan. 2 24% Jan. 14
Jan. 14
869 Mar. 10 11
420 1678 Jan. 2 21 Jan. 14
2,500 29% Jan. 26; 354 Jan. 12
3,540 '67% Jan. 2 74% Jan. 14
200 18 Jan. 2 23% Jan. 14
54
33% 33%
17% 17%
72% 721s
•23
21
8%
Mar.
13
9
12
14
24
8,260
3,370
96
102 14
8l4
8%
15
100
300
400
13% 14
64
66%
33
Jan.
90
106% Jan.
81
53% 53% '53% 54
27% 2714 26% 26%
69% 705«
70% 71
I
,
100
160
1,616
3,245
9,825
5
1,100
1,538
3,225
21
95
•63
66
•28
27% 29%
30
1858 19
19
19
5158 5156
34% 3518 341s 34%
•225 230
i26
226
1759 177«
17% 18
1"
73
96
102
13%
72
6% Jan.
25
42i«
42
44I4
43 14
41
Colorado Coal & Iron
'l
37
3714
36% 37
36
Consolidated Gas Co...
'I
957. 9570 •95
96
96
96
•96
97
97
Distilling & Cattle Feed'g Co.
43
4308
43%
4414
4414 441a
44
44
44H
Edison General Electric
'100 105
104% 105
104 104% •102 105
„
_
105
National Cordage
g^i^ g^j^
Co
8II4 8158
80=8 81%
8214
81
82%
Do
pref. 103
103
102% 1021a 102 102% 10214102% 1021a
National I^ead Trust
I8I4 I8I4
I8I4
18
18
18% I8I4 18% I8I4
North American Co
17i<
.]
17
17% 17% I714 I7I4 17% 17% 17
Oregon Improvement Co " •25
•25
26
26
•25% 27
•26
27
27
Paciflc Mall
36I3 361a
36I4 36I4
37
37
86% 36% 36%
Pipe Line Certiflcatesi !;
7158 72
71%
72%
721a
72%
72%
72%
731a
Pullman Palace Car Co
""'
191 193
'101
193
190 190 '191% 193
•191
Silver Bullion Cerliflcatcs
•98% 99
98% 99
98
98% 97=8 98
9H
Tennessee Coal ic Iron
•34
36
34
35
35 14 3514 35% •35
351a
Do
pref" •85
•85
90
90
•S-")
-86
90
•85
90
Wflgtern Union Telegraph ....
79% 79% 7979 80
79% 80
1
725
20
92
10
5
14
20
13
14
26
14
12
14
14
11
2 87% Mar.
9 103% Jan.
7% Jan.
10
20 Jan. 3 24% Feb.
13 Mar. 20 15i4Feb.
5414 Mar. 6 59 14 Feb.
1,340
96I4
7
9614
12
12
23
11
9
26
9
10
300 15 Mar. 19 19%jBn.
300 111% Feb. 5 117 Mar.
16%
86% 87
86%
95% 96
.
pref".
5578
60
St. Paul Minn. & Manitoba... *107
108
IO714 107 14 107 108
Southern Paciflc Co
2968 30
29»8 29S8
29% 29% 2959
Texas A- Paciflc
*13% 14
•13% 14
•13% 14
13ia
Toledo Ann Arbor & N. Mich. *18
19
I814 I8I4
181a 18%
18
Toledo & Ohio Central
•38
'38
•33
60
60
'38
60
Do
•80
•80
87
pref. *80
87
•80
87
.
Union Paclfle
43% 444 4414 45% 44i« 4479 44%
Union Paclfle Denver & Gulf. *22i4 23ia 221a 22 la 221a 221a •22
Wabash
>8% 9% •8% 9% •8% 10
•8%
Do
18
18
pref.
18% 18% I8I4 I8I4 •18
•^
Wheeling & Lake Erie
31% 31^8 32
3214
32
3218
3179
Do
7II4 7II4
71
71 la
pref.
71
„,
71% 71
Wisconsin Central Co
I914 1914
20
20
•19% 20
•I9I4
Sugar „
Am. P"
Eef.Co..temp.ctfs.
7914
69
•23
-79
17% 17=8
58% 59
15
54
53% 53% 53
27
2719
26% 27
69 7o 70% 70% 7058
,
21
40
126
78%
90
92
89
•107
21
123
48%
68I4 69%
•22
26
•79
85
(iO
6058
33
•14
pref
BIlBcellaneona Stocks.
American Cotton Oil Co.
30
18
51% 61%
30% 31
31%
126
7858
•47
•87
101% 101% 101% 101% 102
73
113
125
.
*30
123
•2914
•17
Highest
Lowest.
245s Mar. 10 321a Jan.
6 Jan.
4=8 Mar. 19
6 7714 Mar.
1,310 48 Mar. 7 52% Feb.
1,238 106 Jan. 26 119% Feb.
225 29 Feb. 24 31 Jan.
200 16 Mar. 6 1979 Feb.
1,015 44 Jan. 2 5414 Feb.
605 29 Jan. 2 34% Feb.
12 127 Feb. 11 130 Jan.
42,525 75% Mar. 7 93% Jan.
49% Jan.
41% Jan.
133 83 Jan. 2 92 Jan.
82,048 50% Jai'. 2 57i4Jan.
1,308 IO512 Jan. 3 113% Mar.
4,280 102% Mar. 9 108% Jan.
1,062 130 Mar. 18 138% Jan.
35,747 63% Mar. 6 7279 Jan.
22 Mar. 10 27 Jan.
77%Jiin. 29 84% Feb.
2,695 58 14 Mar. 7 6559 Jan.
600 91 Mar. 23 98 Jan.
715 24% Mar. 20 29 Jun.
661 I2914 Mar. 9 1395e Feb.
27,098 131 Jan. 2 140% Feb.
800 I6I4 Mar. 6 20% Jan.
2.010 56% Mar. 7 6379 Jan.
6I4 Mar. 23
8i4Jan.
2,660
50 52 Mar. 16 66 Jao.
•103% 107
104% 104%
103 107
103% 106
3% 4
•3%
378
4
3% 4
379
8I4 9
9
•8% 9
9
8% 8%
'im I214 •im 12% •Ilia 12% •III4 I2I4
20%
20%
20% 20% 20% 20%
201a 20%
66I9 66%
6714
66% 6758 6719 67% x66
41% 42'8 4278 4278 42% 43% 4359 43%
New York New Hav. & Hart. *228 235 •228 235
New York Ontario & Westei'n 17ia 18% 18% 18%
8
8% 8%
8
New York Susquchau. & West.
32% 33%
32
32
Do
pref.
14 15
*14
15
Norfolk & Western
NorthemPaeiflc
17
51
Week,
Shares.
7214 Jan.
1314 13% 13% 13%
14
57
5558 56% '55ia 5612 56% 56% 57
IO914 109%
109% 110
109% 109% 110 110
*75
81
106
"^^ 4
30
17
51
189t.
1,
of sales In 1891.
100
77=8
49% 50
49% 49%
115% 115 116
"29
Range
17,388
5I4
•4%
115
57% 57% •50
MilwaukeeLakeSh.
pref. 103ifl
27% 27%
133% 133% 132% 132%
134% 135% 133% 135% 13558 136%
1351a
18
14
5
15% 15'e
103% 104% 103% 104
101 104
I8I4 18%
19
18% I914 19
95
90% 90% •91
*91
95
& West..
Pi'iday,
27.
March
1327a 13315
133
Louisville St. I.ouis & Texas.
Manhattan Elevated, cousol..
Mexican Ccutral
Miehigau Central
Do
26.
•77
130
68I4
25% 25%
25%
March
II312 113%
112% 113 113
104% IO4I4 IO514 104 1041a
•90
91
•6
89
89
73 14 73 14
25
25
9OI2
.55%
59%
85% 86
95% 95%
96
7
21
48
6759
•22
•78
26
15
110
*19
•13I4 14
*5558 561a
1091s 109%
pref.
& Western
Do
pref.
Lake Shore & Mich. Southern.
Long Island
Louisville & Nashville
LouJsv. New Alb. & Chicago.
Lake Erie
68I4
6I4
85% 86
79%
130
'48
ie>3
126
126
7918
781a
461a •47
90
901a
55%
557g
II2I2 112%
10408 103=8
58%
6I2
6>a
Ga.
127
66''8
6'i=8
*4»8
5
Thursday,
2758
514
Paul
St.
27
7714
46>s
88i«
.
25.
•45s
7778
*45
88»a
.
26% 27%
26% 27%
March
7714
pref.
Do
Wednesday,
24.
514
ll!4
Alton
Chlca^to Burlington & Qulncy.
Chicago & Eaetera Illinois.
Chicago
March
*76i9 77>4 •761a 77 14
49% 5014 4913 49%
4914 4,9M
11438 11438 1141a 1151a 115 116
28% 28%
291a
2919 29% •29
17
17
•17
18
•17
18
51
51%
5lia 51%
50
50
la
30
31
301a
31
30
30
5
Canada Southern
Chesapeake
21.
26I4
25^8
Fe....
Pftclflc
Tuesday,
Monday,
March 23.
Saturday,
JAN.
since
Sales
of the
300 1579 Jan.
25 33% Jan.
2
57%
17|
27i
11,600
685
15,072
3,275
85
34
33
325 94%
3,090 41%
760 88
14,075 73%
1,515 101
2,910 17%
4,560 11%
450
1,125
132,000
Jan.
Feb.
Jan.
Jim.
Jan.
Feb.
Jan.
2,
3.284
2
196% Jan. 14
107% Jan. 15
Jan.
96% Feb.
3-i% Jan.
80 Jan.
x Lowest
Jan
is
5
Mar. 26
2
21% Jan. 17
1914 Feb. 13
2914 Feb. 13
41% Feb. 26
81 Feb. 10
Feb.
3;i07% Mar.
J.an.
76
4914 Mar. 4
Feb. 10
95 Jan. 14
47% Jan. 19
2' 39% Mar. 16
24 98% Feb. 7
16 49 Jan. 12
11 184
321,000
1,130
22% Feb. 21
784
3,111
Mar. Ill 83
Feb.
Jan.
Jan.
15% Jan.
3114 Jan.
71
21
39% Jan. 14
86
2I
82%
ex dividend.
Jan. 14
9
Feb.
March
THE CHRONICLR
38, 1891.J
NEIV VDttK STOCK EJCOHA.NUB PBIOES {Cantlmioit-'TifAarirE
Uar. 20.
iNAcnvB Stock*.
II
{
Bid.
Indlrat«s anllBtcd.
Xange
(laUt) in 18U1.
A
.Hdiitli. 111.
& N. Y. Air UiiiBroulilvii Ivlcviitear
Pitta
Bniruli> Kiiihoutcr
&
Urtplils A Nor
I'rcf.md
29
J3t\
77 "a "iT'i 74
20
sa
22
lOOi
lOOi
lOOj
100,
36>«
Fell.
Burl. Cedar
I'ailMiH
100
Codar I'lMn A- M iiinewita
aUi'. A .\tl.. Hc-uof. trust reot8.1I..'
Cli'VcIund .V: I'itlHburc
60
ColuuiWa A (Irofuvilli- pf
100
Ciiliroriilii
Dos Moines &
I'ort
Dodge
12>ii
78
25
Mar.
Virginia .Midland
i"eb.
Jfllx-ellaiicoaa Stecka.
Adain-iKx press
100
Anierictu Bank HoU: CoH
American Cotton Oil trust roc.lOO
UMi
Amedoan Express
100
Am. Telegraph A Cable
American Toboooo Co., pret 100
5
7
12
153
4>3
100
100
100
100
100
I'r.rerrod
Dulutli S. Bhore & Atlan.H
I'rcfurrodH
Flint A I'crc Marquette
10
4>4
11
18
Keokuk A Des Moinos
Priferred
Louisv. Kvans.
Preferred
& St.
Lo.,
Mar.
5
25
6>fl
8>«
7
8
2
5
Jan.
15
6
15
24>a
Mar.
5»« Fob.
123i Jan.
187a Jan.
Mar.
84
OH Jan.
6H Jan.
21a
00
100
100
100
cons. 100
100
;i5
2
14
Mar.
1
7
7
28
55
Feb.
Jan.
Feb.
Jan.
Luu.st.L.ATcx. See preceding page,
87Ja 85
75
MalxininK Coal
50;
Preferred
50 100^4 105 105
36
Memphis A Charleston
25
5
Mex iean National
100
Morris & Essex
50 5147 147% 143
104
100
N. Y. Lack. A Western
id" 16
N. Y. A Northern pref
100 18
6
100
Peoria A Ea.stem
t7
153 149
Pitts. Ft. Wayne A Chicago.... 10« 150
• No price Tbuisday; latest price this week.
92
16
Feb.
Feb.
Mar.
4
ll>flFeb.
Jan.
Jan.
.sola
63
Jan.
Jan.
Feb.
Jan.
85
105
Jan.
Jan.
Jan.
Jan.
40
5
1
Jan.
110
SECURITIES.
Mar.
Mar. 21 Feb.
Jan.
8 Jan.
Jan. I5214 Mar.
Chatham
City
(00> tmitttd.)
We omit
191O1
1919
3urvl^u.
Loam.
Specie.
Legate.
DtpoHU
Manhattan Co
Merchants'
Uechftuics'
America.
Phenix
City
Trattesmen'B
Chemical
Merchauts' Kxchange
Gallatin National
Butclierj**
A
Mechanics'
Greenwich
Drovers'.
A
Tnulers
Leatnei Manufact'rs.
Ssventh Natloual
New
State of
York....
American Kxchange..
Commerce
Broailway
Mercantile
Pacino
Republic
Chatham
460,0
200,0
700,0
Peoples'
North America.
Hanover
1,000,0
600,0
600,0
Irving
Citiiets'
Nassan
Market
A
600.0
750,0
600,0
600,0
Fulton
St Nicholas
Shoe*
Com
Leather
Kxcliuiige
Continental
OrieutaL
'.'.'
Imponers' dt Traders'
Park
'"
Bast River
Fourth NaUonal
'.
Central National
Second National..
NlnUi
Nation.il....
First National....
Third National
N. Y. N al'l ii.xchange
Bowery
New York Conntv....
Germar. American
Chase Nutlonal...
['
Fifth Avenue
.
German Kxchange..
German ia
UnltMl states
Lincoln
"
Sartleld
Fifth National
Bank ol the Metrop.
WeatSlde
Beaboanl
Sixth National
Western National....
First NaUaual.B'klyn
Total
9
2,000,0
2.0SO.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
soe.o
600,0
1,000,0
300,0
200,0
200,0
600,0
300,0
1,200,0
6.000,0
6,000,0
1.000,0
1,000,0
422,7
1,600,0
«
•
1,807.5
1,457.8
P06,7
1,924,6
11,700,0
10,H50.0
6,710.7
8,880.0
2.02br
14,139,1
4.918.0
10,379.0
'.i. 149,2
22,298.
3,400,8
6,210,8
1,659,2
2,200.0
1,161,6
2,780,9
1,311,8
3,419,7
659,6
2,!52.0
1(17,3
6,454,0
1'27,2
1.6'i7,
294,0
-.417,9
131,3
500,4
7:,2
458,
'J,067,0
s,M9,r>
1,631,1
944,1
400.6
S>6»,7
758,1
301,5
661.4
i.60I,3
',(87,4
4'21.6
208,
731,6
18,067,0
19,258,7
5.212,3
8,144,7
2,349,1
10,970,0
6,06d,0
i,164.6
3,312,2
1,1,781.3
2,988,0
3,863,
3,772,9
i
150,0
619,0
613,0
638,0
1,445,1
286.0
1,321,0
186,5
5,85'i.7
1,559,4
406,7
547,7
786,6
644.4
220,0
179,8
568,3
418,1
321,7
3,342.0
2,131,9
916.5
1,326,0
417.9
1,319,9
1,071,5
358.3
445,8
3,501,9
600,3
563,7
386,4
788.5
158.9
70d,0
41K).7
4,125.7
1,898,4
2,595,0
6,882,3
4,211,6
2,110,0
6,029,0
21,57"2,0
4,14;(,n
O
21,907,3
3,200,0
2,000,0
140,0
l,6dZ,B
640,7
1,204,1
18,424,8
7,225,0
4.417,0
4,066.8
186.0
3.953,7
1,049,0
1.267,0
649,9
5,829,»
748.8
869,4
671,0
700,0
614,8
2,03s,6
1,000,2
142,5
249,6
12:
25H,2
1,000,0
1,000,0
300,0
l,600,r
1,178.7
•/,000,U
!J,6«8
260,0
301,2
800,(1
3.^7.3
750.0
600,0
320 6
8,757.4
1,000,0
'.O.U
300,0
130,1
•i50,0
200,1,
483()
55H.3
760.0
600,f
100,0
200,0
200,0
600,0
300,0
300,0
150,0
300,0
300,0
600,0
200,0
8,600,0
300,0
26'2,tl
916.(1
767,5
4M>
it
4,4J2,0
22,732,1
3.729,0
1,434.8
3,4.57,0
3,873,5
2.7S3.9
10,616,4
4,406,0
2,871.1
45.<,«
2,64.1.0
507.7
S3H.5
4,277,6
8,671,2
3:u.!i
8,612,8;
1,791,2
301.3
669,4
252,2
157,5
876,1
320,3
772,4
4,'249,ll
1.912.01
3.988,0
1,44»,0
10,813,6
3,688,0
«
1,470,0
1,938,0
2.160,2
1,270.0
),4b3.6
1,142,0
3,56S.0
187,7
1,'29'2,S
915.0
146.3
1,051,1
027,3
727.0
427,2
767,0
333,0
822,0
19V.0
1,287,1
8'.i9,U
:,
338.0
44,1
220.0
108 9
305,«
60,2
297.2
1,103,0
2,857,0
340,1
1,097,1
315,7
1,718,2
62P,B
214.4
409,2
8 0,8
256,8
140,3
S99,b
811,6
223,3
263,0
229.0
S( 9.2
289,8
9,307,0
1,814.3
129,5
1,129.9
367.0
69.0
266.2
663.2
361,5
123,8
185,0
102,1
106,2
1,158.3
227.4
661.2
364,6
69,9
367,1
516.3
319,6
401,8
233,0
300.0
136,0
1,240,0
180,0
•
10,800.0
10.965.0
7,643.7
7.4:<8.0
13,255,1
4.343,0
12.238,7
1,929,1
33,287.7
3,8pS.4
4,149,8
1,S20.7
2,201,0
1,114,2
2,422,1
1.544,9
2,610,5
16,835.0
14,667,3
4,110,1
8,779,7
•A 691.6
11,682,3
6,4u3.6
2,«80,7
3,613.8
14,741.6
3.007.0
3.083,7
3
New York
week ending March
cipliers (00) in all cases.
City,
4,2o6.2
1,908,1
3,'245,0
6,231,2
4,723.7
2 000,0
22,493,0
25.087,7
1,10(1,4
3,'-'01,3
2,642.0
12.168.8
4,697,0
8,310.3
!»,8«1,»
4,402.5
8,889,8
4.373.1
•2,044.9
4.940,2
•i,0l4.0
4.291.0
1.233.0
9.664.5
3,67'2,0
60.672.7 63.237.9 408.11il.5 77.731.1 31.878.4 414.218 5
«u>
Bid.
Ask..
BAItKS.
stamped
Boston and Philadelphia Banks
Sunlut.
Loam.
Specie.
DtvoHU.i Cirr.'VnlOUannttt
LriiaU.
«. York.*
$
Feb. il ...il33,49.'5,,5 403,522,1 83,909,4 35.604,3 418 562,7 3.640,3<6SC,804.3
Mar.
"
114, 426,1 3,494,6
412,
3,3 3,523,5
D,9
410, 730|9l3,527;9
414, 2^6.5 3,488,
483,43l».)t
66,812,( )34.372,1 9,867.4' 3,820.11126, 908.0 3.243.6
65.842.( 155,063.3 9,098,8 3,959,2 137, 672.43.242.0
66,842,' 151,161,4 10,033,91 4,186,3 128, 019,8 3,228,6
90,756.3
86,888,8
83,384.3
2S....i 132,195,,540.S.S8l,8 81,3i>l,0 35.93.5,8
7 ...I123.549.,9 404,823,7 78,567,8 35.431,5
14..
12.3.810,,61404.153,3 77,855,7 31,H20,6
21..
123,810,,G 408,ll'2,5i77, 731, 1,31,878,4
-
620,598.3
570;466 4
1302,533,9.
Boston.
Mar.
"
"
7...
14...
21...
Phila.'
Mar. 7...
487,o!3,174,0 65,010.6
25,609,0
93,982,0
896,03,17:,0 66 306,6
26,156.0
98,355.0
813,0,2.130,0 62.667.2
26,S10,0
96,387.0
* n^e otnU two ciphere tn all theae figure*,
t Inoladlna. tor Boston and n< >
Ainhlft. the
t.hA tt.am
daiphla.
item " duo to othor bancs."
"
14...
21....
35,793, ;
35,793,':
35,793,'
City Raiiroad Securities -Brokers' Quotations.
1'20
Drv Dock E, B'y A B.—
Atlantic AT., B'klyn.St'k.|115
Gen. M.,63, 19U9...A&0 105
Bl'ok6r8t.A i'ul.F.-Stk.! 21
Ist mort., 78., 1 900. JAJ 110
Br*dway A7tliAv.--8t'k..!
lat mort., 68, 1904 .J&D:105
3d mort., 5s,19I4...JAjll04
1
8'way
l8t, 6s,
gu
'.J4|104
2nil 68, int as rent, '05. 96
165
Brooklyn O'ity— Stock
Ist mort, 68, 1902.. JAJ 100
B'klyncnu»t'n68., 1908108
Bku.C'yAN'n58,1938 J*J 109
'Jentral Crosatown—8t'k.. 150
l8t mort., 6,s,19'22.M&N 117
Oint Pk.N.d: E.Rlv.— Stk.ll20
Consols. 78, 1902 ...JAD:115
dry Dk.K.B.A Bat'y— stk. 137
1st mort,, 7s, 1883,.JAD 103
107
27
112
200
107
loe
106
lOU
168
103
110
102
180
120
123
117
140
lUS
FAA
SjcrtpBs..
BUthth
AT.— Stock.
1
100
210
ICl
2U
BlghlhAT.— Serin,68,1914 105
42a A Gr'nd 8t F'ry— Stk. 233
AAO 104
42rtSt Manh.A StN.Ave.! 38
1st mort, 6s, 1910.. MAS 112
JAJ 60
2d .M,, Incoiiio.Os
Hoost W.St A P.F'T—.StK. 200
Ist mort., 78, 1893.
—
I-'
N nt
1891. .JAJ 100
Ave....
- .... 100
mort,
78,
b 60 1 Ave.- Stock
ioi mort, 58, 1909.
Sixth Ave.- Stock
Third Avo.-Slook.
MAN
11'2
104
23J
I
107
243
lOS
40
,
114
53
•••>«
107
1»&
lis
IU6
.
.
24tf
280
JAJ
107
Twenty-third St—Stook.. 236
106
Ist more, 78, 1893
Ist M., 68, 1987
^l
1I*T~
Bant Stock iiist- Latest prKses of ba nk stocks this weefc.
BANbS. Bid. Ask. BANKS. Bid. Alk
BAMKS. Bid. Ask.
I
,
18..S95.6
7.212,0
5,271,0
4.H20,2
22.812,7
3,767.7
1 50S.9
3.701.0
44
48
116
IX
1
3,-.i74.8
Mb.
IftO
!23>4
6e, deferred, t'st rec'ts,
Capttat
•'
Bank of New York
1900
1898
Rhode Island— 6s, con. .1893-1894' 102
for the
two
Jan.
95
1892-1898
65
[Tenuessec— 38, old
3-4-5-68
75
1912
remise,
Comi
1913 102
New settlement, 68
1913
58
1913
70% 71*»
38
Virginia—6s, old
68, consolidated bonds
68, consolidated, 2d scries, rects.
JAJ
J.... 1892
South Carolina—68, nou-fnnd.1888
Bank Statement
Cavital.
RK
142
B.C. (oont.)— Brown con8ol.68.1893
Special tax, Class 1
1894-1 895
21, 1890, is as follows.
A
bonds, J.
..1
tus
SECURITIES.
Ask.
Bid.
Consolidated 48
6s
89% 91
Sta niped 4s
Misiiouri— Fund
New York
New
100
1893
North Carolina— 68, old
Funding act
1081a
7
..
PEICES.—STVIKB BONDS MAJiCH 26.
New York—68, loan
104 14
30
.
SECURITIES.
Ask.
Bid.
190G
Class B, 5s
1906
1906
aassC, 48
Currency funding 48
1920 104
Arkansas— 68,fund. Hoi. 1 899-1900
do. Non-Holford
78. Arkansas Central KB
Louisiana— 78, C0U8
1914
A, 4 to 5
Man
88
Jan.
2>t
175 Mar. 1B3 Jan.
5 Feb,
Feb.
35
26 la Jan.
33 Mar.
8>a
V>*reb.
3>sJan.
Uar. U>sJaw
14>fl 14
15
uil
I
48i« Mar.
Mar.
37
185
I0<>
100
100
100
HigDal,
Lowttt,
. .
Feb.
Feb.
Feb.
Jan.
Jan.
Jan.
NEW ¥ORK STOCK EXCHANGE
Alabama— Class
50
60 80
100 178
tales.)
(fo/oi in 1891.
23 >« 15% Jan.
24^pett.117 113 Jan. 123 Feb.
81
82
80 Jan.
82 Fob.
98 Feb. 101><M«r.
lOOV
Brunswick Company
100 IWHi IS
11% Mar. 21 Jatt.
19 Jan.
26 VkM.
Buckeye Pipe Line
Chic June. Ry. A Stock Yards. 100 ;78% 73% 721a Mar. 79 iav.
65
Preferred
100
15 Mar.
19%Jas.
Columbus A Hocking Coal
100
17
18
Commercial Cable
100 104 <a 109 1031a Jan. 1081a Kar.
100
23
26
Consol. Coal of Maryland
23 <a Mar. 2« Jan.
Iflia
100
15
15 Jan.
Laclede Oas
201a Jan.
Do
prof
100 46
52
50 Fob. 60 Jan.
20
16 Mar.
16 Mar.
Leblgb A Wilkes. CoalU
15
15- Jan.
17 Jan.
Maryland Coal
100
15>s 17
Minnesota Iron
100
75
73 Mar. 81 Jan.
423* Jaa.
National Linseed Oil Co
100 39
49
38 Feb.
100
10
New Centr.il Coal
9% Mar. 12 Jan.
9
44 Ja>.
100 38
Ontario eilvor Mining
401a 3914 Mar.
50 260
Pennsylvania Coal
23 Fell.
23 Feb.
Phlla. Natural Gas
50
39
34 Jan,
38 Feb.
Postal Tclegrapb— CablelF
6I4
514 Jan.
67gJaa.
Quicksilver Mining
100
5>a
40 Feb.
100 381a 40
38 Jan.
Preferred
de^s Jan.
Sugar Refln. Co. trust rects.*i..lOO
897s Feb.
I6I4 14
Mar. 17 Mar.
100
15
Texas Paelftc Land Trust
6518 Jan.
70 Jaa.
100 67
70
U.S. Express
Wells, Fargo Express...
100 140 145 137 Jan. 145 Feb.
8%
8 "a
2% Fel).
2 Jan.
OO^s Jan.
95
Mar.
Feb.
Feb.
4>fl
12
5
14
2I>«
6ifl
Jan.
..100
niiniiis (Viitral k'luivd lines..
Mi.liiKan
Jan.
Jan.
3% Mar.
I'r.^ferri'd
Kanawha A
103 >s Feb.
lis" Feb. 152
78
100,
GcorKin I'lvdlloU
100,
Or.ii) liav Win. & St. Paul. ...100
Houston A ToxaH Centnil
100;
Feb.
Fel>.
15
10
150
167
Feb.
Range
Ask,
Bid.
A Wostum
Proftirred
Rensselaer A Saratoga
St. Joseph A Ornnd Island
St. Louis Alton AT. H
South (Carolina
Toledo Peoria A Westenifl
Toledo 81. t.ouls A K. CltyU
its
LOO 170 167
03
95
prof.... 100 130
100
prof. ... 100 100
lOO! 20 19 28>9
TaiiaUu actual
Uar. 26.
PitUburg
100
Alabaiim* VliklmritH
100
AJIULUy A SiiMfiiU'hanim
Atliiutn&Clmrliitlc.\lrLir....lOO
BcUevlUo
(J
irindtcateH unlisted.
Railroad KtorkSc
Bo.ston
3WaSS.
iHAcrrvE Stocks.
Highal.
Loice$t.
491
Gallatin
Qarflold
America..
l.m.
Exch
4sbnry Park
Bowery
!02
German Am. 120
German Bx. 330
312
N.Y. County. 600
N.Y.NatEx. 135
133
340
Ik 6
Germanla....
Greenw'ch.. 146'
189
Batchs'AUt*.
Hanover
343 365
ia7
Central
Hnd. KlTOr.. 163
'
Cba.se
J6U
i'eT
Im. A Trad's'
Chatham .... 400 420
196
Irviuf^
3000
Chemical
460C
Leather Mrs' 245 360
48)
City
Lincoln
3U0
Citixeua'
165
I8O'
Manhattan... 175
250
Colamhia
MarketA Fol 339
Commerce... 192 V)
305'
Meohaalos'..
138
(Continental
M'chs'ATrs'. 206' 3'.;0
Com Kxch... 'J48
Mercantile... 318 225
IIU
Deposit
163
Uerobaats'..
Hlast BiTer.. 160
138
Merch'ta Ex. Via
nth Ward.. 2011
S>4
Metropolitan
riftbATe... 1800
Metropolis... IPO
300
?ltth
Mt. Morris .. 450
2000
rirst
Murray Hill. 300
101
First N., 8.
170
Nassau
14tb Street.. 170
[New Yorfc... 243 350
Fourth
17Q
Broadway...
'290
I
I
I
308
350
110
Ninth
14T
l,(th Ward.. 150
N. America.. 1«S
North KlTor.
310
Oriental
Paciflo
180
Park
i3«
People'a
\'^^»
130
Phenlz
Pioduoe Ex. 116
Repablio
Seaboard ....167
Second
... 187
136
8«TenUl
UhoeALeath. 160
St Ntohoias. 123
State otM.Y. 10«
108
Third
Tradesmen's. 100
Onlt'd Slates 300
Western
Wast
Side...
100
300
34ft
ii'd"
IdO
13S
iiS
10«W
THE CHRONICLE.
4Sl2
[Vol. LII.
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Sales
^p" Sbare Price* — not Per Centum Price*.
11
flfttnrdav
Indicates unlisted.
MardiaT:
Monday
MMch23.
2638 27%
aSTg 2614
Atoh. T. 4 8. Fe (Boaion}. 100
5
*4% 5>4
•'
100
Atlantic & Pac.
86
*85%
86M 86
Bkltimoro & Ohio (Bait). 100
"
100
Igt preferred
113%....
"
100
2d preferred
200 200
Boston & Albany (Boston J . 100
177
"
100 177 177
Bodton A Lowell
208 208
'
100 '207 208
Boston A Maine
19
1839
•18>4
l!)
"
100
Central of Mass.
37
36
37
"
100 *36
Preferred
79%
78
"
100 77''e 78>4
Ohlo.Bur.&Quln.
54% 54>ji 5478 SS's
Ohio. MU. *Bt. P. (PhUJ. 100
•41%
Mich. (Boston) . 100
<Mc. A
•5%
•5>«...
"
100
iflere. A Canton
17% 17%
*17»»
"
18>fl
100
Preferred....
83% 84%
84
84
"
100
ntobburg pret.
"
100
n. A Pere Marq.
•75 ...
"
100 -75
Preferred
W
Hunt. ABr.Top.rPAWa;. 50
"
50
Preferred
"
50
Lehigh Valley
Maine Central (Boston). 100
"
100
Mexican Central
"
100
«. Y. & N. Eng.
"
100
Preferred....
Xorthem Central (Bait.). 50
Xorthem Paclflc (Phila.). 100
"
Preferred
100
Old Colony.... r.Bo»ton;. 100
Pennsylvania.. (Phila.). 50
"
Philadel. i Erie.
50
"
PhUa.A Reading
50
Bummit Branch r'£o«ton>. 50
'•
Union Paclflc
100
CnltedCos.of N.J.rPA«a.n00
22
44
22
•43
48»8 48''8
140 145
18% lO'a
34% 34^4
107 108
'
100
25
25
25
(Bait.). 100
"
100
Consolidated Qas
Srie Telephone (Boston). 100
l4nn8on Store Ser. "
50
|«U'hCoal^kNaT FhU.j 50
M.Eng. Telephone (BngCn)lOO
North American. (Phil.).lOO
Hioni8on-H'nEl..TICBo»('n; 25
"
Preferred.
28
If
"
West End Land..
* Bid and asked pncef^
'8^4
8%
7514
75I2
198% 199
..
A Montana
"
"
"
Prites of
March
41%
41
14
14
260
58
260
•55
•4738
18
18
46% 46%
•50
51
64% 64%
27%
27
70%
70
228
43''8
48
48%
227
85
80
'78
80
19
198%
42
18
18
4638
46%
50
51
21 ''8
22%
44% 44%
25% 25%
19% 19%
34% 35
3438
Mem. ifeBirm.
50
50
{Boston) 100
"
53
227
227
8%
8%
82
18
75% 76%
86% 86%
763b
77%
n
o
M
6,10ol 6358 Jan.
19 165 Mar.
1,791 50% Jan.
Hi
1
56
•55
9S
Vorc'st.Nash.&Roch.
••
lOO
MIHCELLANEOCS.
Allonez Mining
(£o>/on)
25
•'
Atlantic Mining^
25
aty Passenger BR... {Ball.). 25
2%
Feb.
Jan.
Jan.
44% Feb.
17 Jan.
263 Feb.
55 Feb.
49 Jan.
50 Jan.
24 Jan.
48% Feb.
52 Jan.
19% Feb.
49 Jan.
26 Jan.
23% Feb.
3
Chic.Burl.&Quincy4s..l922,FAAi 87%
Iowa Division 48
191W, A&O
90
Chic.& W.Mich, gen. 56, 1921, J&D
.Consol. of Vermont, 5e.l913, J&J
Current River, 1st, 58..1927, A&Oi )94
Det. Lan8.&Nor'nM.7s.l907,J&J
Eastern Ist mort. 6 g., 1906, M&81
Iree.Elk. AM. v., 1st, 68.1933, A&O'
it....
Unstampedlst, 6s....l933,A&0;
53%l K.C.C.&Spring.,lst,5g.,1925.A&0
lie
Collat. Tr.
19%
13
10
9
3
11
14
15
15
6
13
10
6
14
10
7
12
12
5
11
10
14
14
26
14
9
27
14
7
9
10
9
17
31
5
7
tioe
1898,
. .
A&O
F&A! 114% 115%
44
Po'keepsie Bridge, 6 g.l936, F&A
Schuyl.B.E.Side.lstS g.l935, J&D;
8teuben.&Ind.,lstm.,58.1914,J&J 105
1 894, A&0| 106
United N. J., 6 g
Warren & Frank., l8t,7s,1896.F&A| 108
96'
Bonds.— Baltimore.— ,.,
,
I
i'()4%
.
1900, A&OI
Baltimore & Ohio4g., 1935, A&o!tl00
Pitts. & Conn., 5 g...l925, F&A]
Statenlsland, 2d,5g.l926, J&J
Income 6s
1
Bal.&Ohio8.W.,l8t,4%g.l990,J&J!t
CapeF.&Yad.,8er.A.,6g.l9l6, J&D 103
,
4%s
.'...1925,
Oxf.&Clark.,lut.gu.,6
3 IDs, 1896,
i
,
'
:
I
I
95
105
1016, J&D
103%
1916. J&d:
103
1930, MAS
Cent. Ohio, 4% g
Charl. Col.&Aug. 1st 7s. 1895, J&J 108
102
Ga. Car. & Nor. 1 st 5 g. . 1 929, J&J
North. Cent. 6s
1900, J&J
114%
1904, J&J
117
68
1926, J&J 108%
Series A,5s
Serie8B.,6g
SericsC.,6g
1
F&A
1
\^^^
Phil. Wilm. & Bait., 48.1917,
.1900,
Pitts. C. & St. L., 7s.
97%
J&J 109%
8% 3% 'Atlantic City 1st 5s,g., 1919,M&N 104% 105%
16
16% BelvldereDel., Ist, 6S..1902, J&d!
Val.,'7
4% g
Atlanta&Charl., l8t78, 1907, J&Jitll9%
5
„ Bonds.-Philadelihja.
Allegheny
1919, Varl 112
1913, J&D
5s, r
Con.M.,5 g.,8tamped,1922,M&Ni 101% 102
89%
100
&M. con. 68, 1928, M&N
2d, 5s
I
10
Q—
110
2d mort.,8caled,58,..1902,F&A
Ogden. & L. C, Con. 6S.1920.A&O
Inc.6s
1920
Rutland, 1st, 6s
1902, MAN
;
5
12
19
2
13
14
9
6
IS
5
Pa. &N. Y. Can^,78...1906, JAD: 120%
1939, A&O
Consol. 58
Perklomen, I8t8er.,5s.l918,
J| 101
Pnila.A Erie gen. M.5g.,1920, A&O; 112
1920. A&O' 99%
Gen. mort.,4g
PhUa & Read, new 4 g., 1958. J&J 79
49%
Ist pret. income, 5 g, 1958, Feb It
2d pref. income, 5 g, 1958, Feb. 1 I S3
25%
3d pref. income, 5 g, 1958. Feb. 1
1893, A&O 109%
2d, 7s
1911, J&D 128
Consol. mort. 7s
1911, J&D 116%
Consol. mort 6 g
lmprovcmentlVL6g., 1897, A&O; 106 107
90
93
93
Loui8.,ET.&St.L.,lst,6g.l926,A&0 510758
2m., 2— 6 g
1936, i&O
Mar. H. & Ont., 68
1925, A&O t.... 101%
Exten. 68
1923, J&D ill 00
Mexican Central, 4 g... 1911, J&J 71% 72
1st consol. incomes, 3 g, non-cum.
36
2d consol. incomes, 38, non-i urn.
19%
N. Y. & N.Eng., 1st, 7s, 1905, J&J ,1120 122
Istmort. 68
115
1905,J&J ,t
2d mort. 6s
1902, F&
103
82
85
20
Ask.
Bid.
Bonds.
Penna. Consol.
11%
11»8
Catawlssa, M., 7s
1900, F&A lis
Bay State Gas
{Bustmi). 50
27% Char. Cin.& Chlc.lst5g,1947, Q—
Boston Land
"
10
Clearfield & Jeff., ist, 68. 1927, J&Ji 118%
5%
Centennial Mining..
••
10
16
16% Connecting, 68
1900-04, M&s'
Fort Wayne KlectricIF
"
25
12% 12% Del. & B'd Br'k, 1st, 78.1905,F&A 1
Franklin Mining
"
25
17% 18 Easton&Am. l8tM.,5».1920, M&N, 111% ....
Frenchni'u'sBayL'nd
"
6
5% 6 Elmlr. & Wilm., Ist, Os.lOlO, J&J. 118%;....
Huron Mining
•
25
1%
Hunt. & Br'd Top, Con. 58 .'95,A&Ol 102% ....
Illinois Steel II
"
100 69
71
Lehigh Nav. 4%s
1109
1914,Q—
Kearsarge Mining
"
25
13
14
2d6B,gold
1897, J&D 111% 112
Morris Canal guar. 4. {PhUa.).100
General mort. 4%s, g. 1924, Q—F
:101%
Preferred guar. 10.
"
100
VaUey, 1st 68.. .1898, J&D 114
•o^:Osceola Mining
{Boston)
25
38%
38%
2d 78
1910, M&S 131% 132%
Pewablo Mining
25
6
130
192a, J&D 129
.XA- 'Consol.
Pullman Palace Car..
100 190 il92
iNorthPenn.
1st,
78....189<j,
M&N 114 .115
?nlmy Mining
"
25
98
99
Gen. M. 78
1903,
125
J&Ji
anjara<'k Mining
"
26 146 150 ^Pennsylvania gen. 6s, r.. 191 0, Var 129
Thoms'uElcc.Wet'-i'gtl
'
100
Consol. 68,c
1905. Var 118 I12O
1 Unlisted. J And accrued Interest^ t Last price this week.
—
78%
94
220
At.Top.&8.r.l00-yr.4g.,1989, JAj; 76% 77
100-year income 5 g., 1989.Sept.
43% 43%
Burl, i Mo. River Exempt 68, J&J 113
Non-exempt 68
1918, J&J U05
Plain 48
1910, J&J; 187
Chic. Burl.A Nor. Ist5,1926, A&O 100% 101
2d mort. 6s
1918. JAD' ,100% 100%
Debenture 6s
101
1806, JAD
,;K. C. F. S.
80
27
1,007 42 Jan.
41 225 Jan.
7% Jan.
1,210
Bonds.— Boston.—
56
25
16
Feb.
12
12
12
20
17
z Ex dlTid end.
65
••
4%
60
Ask.
. .
Mar.
14% Mar.
Jan.
Jan,
Jan.
130% Jan.
113% Jan.
205 Jan.
183% Feb.
209% Feb.
20% Jan.
40 Feb.
93% Jan.
57% Jan.
51
Jan.
7 Jan.
20% Jan.
85% Jan.
25 Feb.
85 Feb.
23 Feb,
46% Jan.
51 Feb.
146 Feb.
243a Jan.
4158 Jan.
116% Jan.
66% Feb.
2968 Jan.
74 Feb.
168 Jan.
52% Jan.
32 Feb.
173,« Jan,
658 Jan.
48% Jan.
51230 Feb.
9 Feb.
6
93%
198% 197% 198%
42% 43
43%
14% 1458 15
260% 260 261
56
Pennsylvarda AN.W. {Phila.) 50
ttaleiKh & Oaston .
{BalDlOO
Butland
{Boston).100
Preferred
100
Seaboard <& Roanoke. {Bait.) lOO 110
28
32%
76% 76%
86% 86%
87
North Pennsylvania. {Phila.). 50 'si'
K.C. Mem. & Bir.,l8t,5s,1927, M&8
Oregon Short 1 ine... c Boston;. 100 22% 23% K.C. St. Jo. &C. B., 78.. 1907, J&J
Parkersburg
{Bait.) 50
L.Rock&Ft.S.,l8t,78..1905, J&J
100
WestEnd
{Bostrni). 50
Preferred.
"
50 84%
West Jersey
(Phila.). 50
53
Wsst Jersey A Atlan.
"
50
Western Maryland..
{Bait.). 50
"
Wilm. Col. i Augusta
100 107
"
Wilmingt'n&Weldon
100
Wisconsin Central. (Boston). 100
19%
Preferred..
"
100
i
7,013
838
Bid.
.
Jan.
17% Mar.
1,881 32% Mar.
22 102% Mar.
64' 64% Mar.
1,500 21% Jan.
227
•8
Inactive stocks.
66%
{Phila.).
,
17
28,545
343kt
Thom.Europ.E.WeldU {Boston) 100
'•
100
IWater Power
"
iWestlnghouse Elec.H
50
30
67
••
lOOlt
(PhUa.). 50
ManchPBter & Law.. {Boston). 100
Maryland Central
(Bait.) 50
Mar.
Mar.
Mar.
Mar.
Mar.
5
Mar
17% Jan.
66 43% Mar.
1,821 46% Mar.
107
107
107
Ask.
26,
Jan
51
41
Highest.
48
47%
49% "49% 49%
17
17% 17
46% 46
46%
46% 4638 46
50
50
50
50% 50% 50
1738 1738
1738 1738
17% 17%
44% 44% 44% 44% 44% 44%
•25
25% •25
25% 25% 25%
2258 22%
22%
22% 22<Sg
no sale was made,
Bid.
Jan.
Jan.
Jan,
140
1938
86
197% 198% 198
42
42% 42%
14
14% 14%
260 260% 260%
'55
•55
•47% 48
47%
49% 50
49%
•17
•17
18
Mar.
7578 Mar.
132
180
350
310
47%
46^8
227
227
Jan.
Jan.
Jan.
76
46% 48
107
Mar.
34%
8,182
8,000
5%
18
85
838
•8
14% 14%
'260 260%
55 56%
17»8
43% 43%
25% 25%
21»B 21%
Little Schuylkill
Istprefcrwl
178
5
•17
85
458 Mar.
85
127
113
61 192
13 173
58 198
400 16%
65%
•
86
86
198
42
'•
.
24% Mar.
43% 43% •43% 43%
18% 18'e
34% 34%
75% 76
"
"
H
176
....
84''8
22
•43
838
8
50
8%
50
58
2d preferred
so 55
Central Ohio
{Ball.)
50
49%
"
Charl. Col. A Augusta
100
18
Connecticut A Pass. {Boston). 100
"
Connecticut River...
100 218 220
Delaware* Bound Br.(F/iito.).100
170
"
•Har.Forts.Mt.Joy&L.
77
50
San. C^Ft.B.&Men].(Bo»ton).100
BO
"
K.C'yFt 8. AGulfpf.
100
Mortliem N.
176
17% 17%
108
.
Mine Hill & S. Haven
HesquehoningVal
18,064
10
67
4%
4%
201% 201%
•78
22
34'8
-17% 17% •1738
Charlotte {Bait.). 100
94%
Boston A Providence (Bo»(<»i) 100 252
Camden ,& Atantic pf. (PhUa.). 50
Ist preferred
...
•76
47=8
t
Catawlssa
Lowest.
27% 27%
200% 201
-5%....
17% 17%
84% 84%
•47% 48
49
•48% 48% 49
Inactive Stocks.
K. City
•5
17% 19%
X2261222658
niscellanexns Stock*,
Butte A Boston..
Calumet A Hecla
Canton Co
Shares.
206% 208% 207 207
18% 18% 18% 18% 18% 18%
•36
•36
37
•36
37
37
78% 79
79
7938
7358 78^8
5638
55%
56
56%
55% 5A%
42
42% 43
41% 41% 42
48''8
34»8
March 27.
114
201
177
207
200
177
207
26.
85% 85%
87
113%
...
48%
27% 27%
27%
March
•458
87
Week,
>
Am.8ug'rRefln.1If.Bos(on;..
"
Fref errcu
Atlanta
26^8
24.
of sales in 1891.
Friday,
Thursday,
65%
65% 65%
27
27% 26% 26%
27
27
26% 26%
VOSb
70
70% 70% 70% 71
Wi 70 166%
167% 167% 167 167
167 167
5II4 5198
51% 51% 5138 51% 51% 51% 5138 5138
•28
30
*28
29
15%
15
15% 153i« 15% 15 153,^ 15
14*18 14%
•4
6
6
43 '8 44%
44% 44% 44% 44°8 44^8 45% 44% 44%
64
We»temN.Y.&ParPA«a.>.100
Boat
March
*21% 22%
•43
Wednesday,
March 25.
Tuesday,
.
Bell Telephone
Range
of the
Active Stocks.
A&O
104
g.l937,M&N
'Piedm.& Cum., Ist, 5g. 1911, F&A
Pitts. &ConnellB.l8f78. 1898, J&JI
102%
t
Virginia Mid., Ist 6S...1906, M&81
1911 M&SI
2d Series, 6s
1916, M&S (107
3d Series, 6s
1921, M&sl 80
4th Series, 3-4-5s
1926, M&S 100
5th Series, 58
West Va. C. & P. 1st, 6 g. 1911, J&Ji 109
;We8t'n N.C. Consol. 6 g.l914, J&J'
Wilm. Col. & Aug., 69.. 1910, J&D]
1
MUCKLI.ANEOUS.
Baltimore— City Hall 68.1900, Q—Jl
1900. O-J 1117
Funding 68
West .viaryl'd RK. 6s. .1902, J&J tll9
1916, M&N;
1916, M&N, 126
1930, J&j' 103%
1900, J&D 106%
Chesapeake Gas, 6s
1910, J&D, 112%
Consol. Gas, 68
1939, J&J
58
1913, A&O 108
Equitable Gas, Os
Virginia (State) 3s. new 1932. J&J
64%
Water 58
Funding 58
Exchange 3%8
102
113%
115%
116
101
109%
118
120
130
104
107
109
65
Maboh
THE CHRONICLE.
38, 1891.J
NEW TORE STOCK EXCHANGE PRICES
I
Bailroad and Miscbl. Bohdb.
lOlot-ne
/nfw'tll Prie*
(Contlnnei).—AOTIVB
Range (tola)
\PaHod. Mar.iB]
Lowttt,
in 1B91.
498
BONDS MARCH M, AND SINCE JAN.
OMi'ng Banga
Railboad akd Mucel. Bord*.
Btghut
Period.
Uwr.M
Ltmttl.
H A N 103
101% Jan.
1903 3 A J,13a>sb. 126 Mar.
iBt, oonpoD,78
D«ben^a«,coup., 1884.. 1904 M AS*
|106
Mar.
121 >« Feb.
'•
N, Y. A Harlem— 78, reg. 1900 M A N123
N. Y. Chic. A 8t L.—4 g. 1987 A A 0| 94 b.l 91 Jan.
1906
A jlll2«a 111 Jan.
N. Y. EleTated-7B
A Ji*130 b.'l27%Jan.
N.Y. Lack. A W.— Ist, 68.. 1921
1923 F A A'lOSiab. 108 Feb.
Constnictlon, 5b
N.Y.L.E.AW— lst,con.,7g.l920 H A 8 134iBb. 133 Jan.
1898 J A D 107iaa. 105 Jan.
lying Dock. 78
1935 A A O 119 b. 115 Jan.
Con8oL,6g
1969 J A D 99%
96«8Jan.
2doon80l., 6 g
105!t4
J
Mar.
1921
Jan.
W.-lBt,
1081a
N.
Y.
Ont.
A
6
&J*,106Jia.
g 1 914 M A 8 110%b. 110 Mar.
Am. Dock A Imi), 58...
1939 J A D W»v,.^ 92% Jan.
Conaol. Ut,5g
Central ra(irtc-GoUl.(>H .. 1898 J A J-,lll>«b. 112 Mar. 112% Mar.
116 Jan. 117 Jan.
94 Jan.
N Y.Sua.AW.— iBtref., 5 g.l937 J A J 99%
Chea. AOhlo-Mort., 6 g.lOUA A O
95ig Jan. lOOia Feb.
1939M A N 99 >«
Midland of N. J., 6 g.... 19 10 A A O 115 b. 112 Jan.
lBtoon»ol.,5g
94^8
J
100-year,
g.l990
J
93 Jan.
A
J
Norf.
A
W.—
5
A
J
B.4A. Dlv., Utcon..4K.1989
J.11
North.Pac— lRt,coup.,«g.l921 J A J
_ 11614b. 113
711s Fob.
do l8tcon..2-4g.l989,J A J 69>ib. 67 Jan.
73
68
Jan.
114
J
a.
73
g..l933jA
llO^Jan.
A
J
Fob.
General.
2d,
coup.,
6
A O
do 2dcon., •»«... 1989
104 Jan. 107i«Jan.
General, 3d. coup., 6 g.. 1937 J A D|110i4b.|I07i3 Jan.
1911 F A A 106
Ches. O. A 8o. W.—6 (5
121 1« Jan. 123 Jan.
1989 J A D 83%
82 Jan.
Consol. mort., 5 g
Chic. Burl. A Q.-Con., 78. 1903 J A J; 121 «
98 14 Jan. lOO^sJan.
1913 M AN; 99^8
North. Piie. AMon.— 6g...l938 M 4 8 105 b.il04 Jan.
Debenture, 5«
88
Feb.
F
S8%
95
110
A
A
Jan.
1105
North. Pac. Ter. Co.— 6g..l933iJ A J
Jan.
1922
Denver UlviHlou, 48
88% Jim. OhloAMlss.— Con8.8.f.,7s.l898 J A J
841s Mar.
lll^Feb.
Nebraska Extension, 48.1927 M A N 85
'
1898"
"
Consol., 78
)J A
J 111 a lllMJan.
Chle. AE. Ill.-l8t,8.f.,68.1907 J A D I14>4b. 113 Jan. 114% Feb,
1934 A A O 120 h 120 Jan. 121 Jan.
Ohio Southern— Ist, G g...l921 J A D 107
1031a Jan.
Con80I.,6g
95
Jan.
M
A
N'95>4b.
«8iaJan.
General mort., 4 g
1921
55 JiiD.
581a
General consol. l8t,58..1937
89 Jan.
87»sb. 8319 Jan.
Omaha A St. Louis—4 g ..193? J 4 J 56 lab. 53 Jao.
Ist, 5^.1937 J A J
CWcGasL.
120 Jan. 125i3Feb.
Oregon Imp. Co.— Ist, 6 g. 1910 J 4 D 9978
90 Jan.
Chlc.Mll.ASt.P.-Con.78.1905 J A J 123
110 Jan. 112 Jan.
Consol., .5 g
1939 A A O 7038
07 Mar.
1st, Southwest Dlv.. 6b. 1909 J A J 111
107iah, 1071a Jao.
Jan. 114 Feb.
Ore.R.ANav.Co.— I8t,6g.l909 J
iBt, So.Mln. Dlv., 68....1910|J A Jill b 110
1925i J A J|''9l a. 92
Consol.. 5 g
Jan.
lgt,Ch.APac W.Dlv., .'>8.1921 J A J 10,5 a. 104 Jan. 10«ia Jan.
95 Mar. 98 Jan.
1921 J A J 104%b. 1051s Jan
Pa. Co.— 41a g., coupon
Chle. AMo.Kiv.Dlv., 58.1926 J A J| 95 b
Peo. Dec. ABvansr.—6 g..l920 M A 8*, 104 Mb. 100 Jan
Wis. A Minn. Dlv., 5 g.. 1921 J A J, 101 b 101 Jan. 103 Jan.
100 Mar. 102% Jan.
EvansvlUe Dlv, 6 g.... 1920 M ANJlOOiaa. 95 J«r.
1914 J A J, 101
Terminal, .5 g
84 19 Mar. 87 Feb.
1926 A A O 71
2d mort.,5g
66 Jan.
Gen. M.. 4 k., series A... 1989 J A J .§4»3
b 1071* Jan. 112 Feb. Peoria A East.—Cons., 48. 1940 April. 771a
751a Jan.
MUw.ANorth.— M.L.,68.1910 J A
b 107 Jan. Ill Feb.
Income. 48
1990 J A J*21 a 18 Jan.
1913 J A
Ist, con., (is
79i«,b 7778 Mar.
136% Feb. 1391a Jan. PhUa. A Read.— Gen., 4 g. 1958 Feb.
CWc.AN.W.—Con80l.,78..1915 Q-F jl38
49 lab. 47 19 Mar.
Ist pref income, 5 g
1958 Feb.
1902 J A D 125 b 125 Jan. 127% Feb.
Co)inou, gold, 7b
32 b. 32 Mar.
1958 Feb.
1929 A A O llS'ab 115 Feb. 115 Feb.
2d pref. Income, 5 g
Sinking fund. 68
2514 Mar.
3d prof. Income. 5 g
1958 J A J 25
1929 A A O 108 Mb 105 Jan. lOSHFeb.
Sinking fund, .5b
Pittsburg A Western—4 g.l917 J A J 79
751a Jan.
Sinking fund dcben., 58.1933 M A N,*107 b 106 13 Jan. 109 Feb.
10514
104
118
Jan.
Hi
Rich
Danv.—
Con.,
6g..l915
A
115
.1909
Feb.
A
A
Jan.
1051a
debenture,
5.
25-year
95 19 Mar. 100 Jan.
Consol., 5 g
1936 F A A 90
1926 F A A 96
871a Feb.
Extension, 48
100
M
96
b.
Jan.
97
A
8
Rlch.AW.P.Ter.-Tru8t,6
971a
Jan.
1
897
97
Feb.
5g.l928
la
Louis—
g.
CUlc. Peo. A8t.
124 Jan. 12714 Feb.
Con Ist A col. tru8t,5 g.l914 J A J 68%
CWc.R.I.APac—68,coup.l917 J A J 127
681a Mar.
95
96%b.
Mar.
77
J
A
J
14
Jan.
Rio
G.
Western—
4
g..l939
A
74
1934
1st,
A
Jan.
col.
,58...
991a
Extension and
114
R. W. A Ogd.—Con., 5s. .1922
105 Jan.
Chlc.8t.L.&Pitt.-Con.,5g.l932|A A O lomb. 100 Feb. lot Mar.
85
116 Jan. 119 Jan.
J A D 11714
St. Jo. A Or. Island—6 g. 1925 J A
8218 Mar.
Chic. St. P. M. A O.—68.... 1930
7
*109 b. 110 Jan.
Cleveland A Canton— 5 g 1 9 1 J A J, se^h. 871a Jan.
901a Feb. ;St. L. Alt. AT. H.— Ist, 78.1894 F 4
132
129
106
a.
Jan.
132
b.
J
A
D
Feb.
2dpref.,78
1914
1894
1041a Feb.
C. C. C. A I.— Consol., 7 g.
117 Jan. 119 Mar
80 b.l 78% Jan.
8t.L.Ark.ATex.— l8t,6s,t'8t.reo.
1934 J A Jl
General consol., 6 g
103
b.
102
Jan.
106
ISMb.
17i4Mar.
F
a'
2d,
A
Jan.
68,
1936,
tr.
recall
asB.pd.
F
A
1900
A
Col. Coal A Iron—6 g
102i8b.'l01i«Feb.
71 Jan.
St. L. A Iron Mt.—l8t78... 1892
Col. Midland—Con., 4 g...l940 F A A| 66 a. 66% Mar.
107iab.ll05
M
SOM
80
Mar.
86
Jan.
A
8;
2d,7B
1897
J
A
J
Jan.
Col.H.Val.AToL-Con.,5g.l931
84 Jan.
87 Feb.
Cairo Ark. A Texas, 7 g- .1897 J A D 106 b.ll03%Jan.
1904 J A D; 85
General, 6 g
92iab.l
118
b.
la
M
N
116
Jan.
Gen.
R'y
A
land
91
A
Feb.
gr.,
A
A
O
Jan.
5g..l931
1191a
Denver A Rio G.— Ist, 7 g.l900
79 Jan.
83 Feb.
1936J A J 82''9
N Ill b.'llO Jan.
St. L. A San Fr.- 6 g. CI. A 1906
lBtconsol.,4g
111
b.llU
93>«a.
91
Jan.
ClassB
J
A
Feb.
6
N
J
g.,
1906
Jan.
961a
Det.B. CityAAIpcna— 6g.l913
32i4Feb.
6 g., Class C
1906 M ANlimb.'lll Jan.
Det.Mae.&M.— L'dgrants.Hdl A A O, 30 b. 291a Jan.
Jan. 100 Jan.
General mort., 6g
1931 J A J 105 b. 105 Mar.
Dnl. A Iron Range— 58.... 1937 A A O! 99 b, 95
116 b.!ll5 Jai
99 Feb.
8.P.M.AM.— Dak. Ex., 6 g.l910
Dnl.So.8h. A AtL— 5g...,1937;J A J; 97 b, 95 Jan.
1st consol., 6 g
1933 J A J 115 a.ill4 Mar.
E.Tenn.V. AG.— Con.,5g.l9o6 M A N 101 b, 101 Jan. 104 Jan.
do
reduced to 4ia g
J A J 101 la 1100 Mar.
KnoxvlUe AOhlo, 6 g...l925!J A J 108 b. 103 14 Jan. 108 14 Feb.
95 Jan.
Montana ExtenBlon, 4 g.l937 J A D 85%a. 80 Jan.
EUx. Lex. A Big San.— 6 g. 1902 M A S 92»sa. 90 Jan.
San A. A Aran. P.— I8t,6g.l916 J A J 74 b. 62 Jao.
go's Jan. 105 Jan.
Ft W. ADenv. aty— 6g..l921'J A D 104
9438 Mar.
lst,6 g
62 Jan.
1926 J A J 73
Gal.H.A8anAn.-W.Div.l8t,5g. M A Nl 94
931a Jan.
133 a. 126% Jan.
Shen. Val.-lst, 7 g., tr. rec. 1909
Han. A St. Jos.— Cons., 68.1911 M A 8 112>4 110 Mar. 117 Jan.
53 b. 61i4Jan.
96 Feb. 97 Mar.
Gen'l 6 g., Tr. rec. a8s't'd.l921
1952 A A O 97
nUnoU Central—4 g
lOSHib.llOS Jan.
Jan. 115 Jan.
So. Car.— Ist, 6 g.,ei coup. 1920
Int. AGt.No.— l8t,6g....l919M A N 112 b. 111
•21 b.l 13 Jan.
Income, 6s
Coupon, 6 g., trust rec. 1909 M A 8 67>ib. 68 Mar. 76 Jan.
1931
80isb. 80% reb.
84 Jan.
lOliab.'lOliaFeb.
So. Pac., Ariz.— 6 g
1909-10 J 4
lowaCcntral— l8t,5g
1938 J
112 b.;il2 Jan.
A J 811a
So. Paoittc, Cal.—6 g
1905-12 A A
Kentucky Central^! g. .1987
821a Jan.
781a Jan.
101 b.l 99 Jao.
1st, consol., gold, 5 g
Kings Co. El.— l8t, 5 g.
1925 J A J 98 a. 98 Mar. IOOI4 Jan.
1938 A A
77isb. 77
102 b. 102i4Jai.
Mar. 821a Jan.
80. Paclflc.N.M.— 6g
Laclede Gas- Ist, 5 g
1919 Q—
191l'J A
90 lab. 86 Jan.
Tenn.C. I. ARy.— Ten.D.,l9t,6g A A
Lake Erie A West.- 5 g. ..1937 J A Jl 10914a. 1051a Jan. 109^ Jan.
Blrm.Div.. 6g
95 a. 93 Jan.
L. Shore—Con. cp., Ist, 78.1900 J AJ'124iaa 12OI9 Jan. 122% Jan.
1917 J A
Tex. A Pac.— 1st, 5 g
87
Consol. coup., 2d, 7s
1903 J A D 121isb. 122 Mar. tl24 Jan.
2000 J A
851a Jan.
29 14 Mar.
2d, Income. 5 g
Long tsl'd— Ist, con., 5g..l931 Q—J jllTisb 110% Jan. jllSia Mar.
2000 March 30
96I4
Tol. A. A. A N. M.—« g
93 Jan.
General mortgage. 4 g.. 1938 J A D 92ia
90 Jan.
1924 M
921a Jan.
115 b. 113 Jan. 111558 Mar. Tol.A. A. AGr. Tr.— 6g
Ix)ui8. A Nash.— C0U8., 78.1898'A A
1921 J A JllOIJ b. 104 Jan.
Tol. A Ohio Cent.— 6 g
1930 J A J 115 b. 114 Jan. |118 Feb.
N.O. A Mob. Ist, 6 g
1935 J A J 10514b. 10298 Jan.
Tol. Peo. A West.- 4 g
74 Jan.
2d, 6g
do.
1917|J A J 74
1930iJ A J 106 b. 106 Mar. 108 Feb.
Tol. St. L. A Kan.
E. H. AN. l8t, 6g
1919 J A Dl 1212b. IIII9 Mar. Ill2ia Jan.
6 g.. 1916 J A D 81 b. 83% Jan.
Union Pacific— 6 g
General,6g
1930 J A D 1133(b 113 Feb. 1131a Jan.
1899 J A J 113!S8b. 113% Jan.
Slnklus fund. 8s
10213a. 101 Jan. 11031a Feb.
Collateral trust, 5 g
1893'M A 8 10714b. 107 Mar.
1931
Collar, trust 4ia
Louis. N.A. A Ch.—l8t, 68.1910 J AJ"'107isb. 101
Mar. Ill Jan.
1918'M A N •69 b. 69 Feb.
KansasPacitio— lBt,6g..l895lF A A 108 b. 108 Mar.
Consol., 6 g
1916 A A O 9318
84 Mar. 96 Mar.
Louis. 8t> L. ATexas—6 g.l917 F A A 81
88 Jan.
lflt,6g
78 Jan.
1896J A D 109 b. 108 Mar.
DenverDiv.—6 g
Metro. Elevated— iBt, 6 g. 1908 J A J 115iea. lllOaJan. 115 Feb.
1899'MA N Ill b.llll Jan.
IIOI9 1108 Jan.
lstcon801.,eg
2d 69
1899 M A Nil06iab. 104 Jan. 107 Feb.
1919 M
Oregon Short Line— 6 g. 1 922 F A A 103
100 Mar.
Mich. Cent.— l8t, con.', 78.. 19021 M A N 121 b. 122 Jan. 1231a Jan.
73 Mar.
Consol, 5s
107 Mar. 108 Feb.
Or.S.L.AUt'hN.— Cou.5g.l919 A A O 751a
19021M A N 107
b.l
Mar.
79
Ull.Lake8h.AW.— l8t,6g.l92l{M A N 125
1
28
U.P.Dcu.A
Gulf
J
D
78 Jap.
118% Jan.
con. 5 g.l939
A
109 b. 106 Jan.
Exten. A Imp., 5 g
Union Elevated— 6 g
98 Jan. 101 ''8 Jan.
1937
1929 F A A' 99
86iab.
79
M. K. AT.— 1st 48,g
81 Jan.
Feb.
Virginia
Mid.—
Gen. m.,5», 1936
1990 J A D 77
74% Jan.
19
2d 48,g
do
89 b. 83 Jao.
1990F A A' 38%
stamped guar.
441a Jan.
361a Jan.
Mo. Pacific— Ist, con., 6 g.l920;M A N 10919b. IO514 Jan. Ill Mar. Wabash- l8t, 5 g
lOO's
98 Jap.
1939
3d,7s
2d mortgage, 5 g
70 Feb.
1939. F A A 72
1906'M A N 116 a. 115 Jan. 115 Jan.
Pae. of Mo.-l8t,ei.,4g.l938 F A A 96 b, 97
Dehent.M..
32
30 Feb.
Feb. 100 Jan.
series B
1939 J A J
a.
2dmort.,78
1891 J A J 101 lab. 991a Jan. 102 Mar. West Shore— Guar.. 48
2361 J A J 1021a 100 Jan.
HobUe A Ohio— New, 6 g. 1 927 J A D 115 b. 112 Jan. 115% Feb. West. N. Y. APa.— iBt, 5g.l937 J A J 99 b. 96 Jan.
General mortgage, 4s... 193HM A S
70 Feb.
2dmort..3g.,5sc
_ 66i>8
_
63 Jan.
1927 A A O 321a
301a Jan.
Mutual UnlonTel.—6 g.... 1911 M A N 10.'>
98 Jan.
West. Un. Tel.—Col. tr., 5s. 1938 J A J 99%
102 Jan. 105% Feb.
Nash. Ch. A 8t.L.—l9t, 78.1913 J A J 126
Wis.Cent. Co.— 1st. 5g
125 Jan. I26>a Jan.
1937 J A J 93 b. 93 Mar.
Con., 5 g
Income, 5 g
3978a. 341a Jan.
1928 A A O '105 b. 1051a Jan. 107>H Mar.
1937
NOTK— b" Indicates price bid: " a" price cuked the Range is made up from actual sales only. * Latest price this week.
A J\ TT'gb. 75 Mar. 80 Jan.
53 Jan.
8838 Mar.
43 «
19891 Sept.
100-yearlnoomo,5g
Mar.
11 b.
14 Jan.
011.1910
Atl. 4 P»c.-W.D. Inc..
U)37 J A J J?"* ,ZL ^ar. 75 Jan.
Oiiaraiitecl. 4 »f
b.lO»i>8Jan.
111
A
&
O
112>4Jan.
BroolirnElovafai»t,6.g.l924
105 Jan. 10714 Feb.
Can. 8oiitlL-l9tiruar.,8» 1908 J & JlOOk
Feb.
1913 M i 8 07
95>a Jan. 100
2d,5»
Central of N. j.-Con».,78. IBOOl Q-J^ 117'sb.lll.J Jan. 117 Mar.
b.
121
Jan
123
M
N
123
A
Mar.
1902
Consol.. 7a
General niortunKP. .^R.. 1087 J 4 J U0>« 107 Jan, 110% Feb.
Leh.&W.B..o<)ii.,/R,a8M.l!»00 Q-M jllO b. 110 Feb. 113 Jan.
97 Feb.
l!)12 M <tN|*05>«a. 95ifl Mar.
do. mortKinte. ."^s
1,
\
N.T. Ceutral-Eztend., 5b. 1893
AtTop.AS.F.— 100-yr.,'lK.1989 J
1267, Mar.
Jan.
1 10
123
. .
I12i>8
I
.
,»7i«Feb.
100«« Feb.
I
llSiaFeb.
lOO>aFeb.
I
116%
_
114
SR's Jan.
Feb.
"
MAN
I.
MAS
MA
. .
.
. .
'
MAN
,
MA
MA
.
MAN
.
- -
AD
. .
. .
.
.
AN
C—
Feb.
Mar.
Feb.
58>«Jaii.
1031a Feb.
74 Feb.
I
1091a Feb.
100% Mm.
106 Jan.
loaiaMar.
103 Feb.
72 •» Mar.
80 Feb,
22 Jan.
82 Feb.
58 Jan.
I
MAN
Mar.
112
110
63
.
.
109
110
111% Jan
'
DUO
DUO
Feb.
Feb.
lISMFeb.
i
AD
Km.
133 Jan.
1081a r«b.
137% Feb,
107 Feb.
118 Feb.
101% Feb.
116 Feb.
,
AC—
Mar.
9Si« Jan.
. .
.
1891
BtghMl.
lOSmiar.
U
!
19»1.
(taietj in
381a Jan.
30 Jan.
81
Feb.
118 Jan.
9113 Jan.
IOOI3 Jan.
75 Feb.
77% Feb.
114 Mar.
92>9jan.
110 Jan.
107 Jan.
82 Feb.
21
Jan.
Jan.
1081a Mar.
1061a Mar.
93% Jan.
110 Jan.
II214 Feb.
105
lll'gJan.
110 Jan.
lis Jan.
117 F|eb.
1021a Feb.
87 Jan.
74 Feb.
731a Feb.
132 Feb.
6II4 Jan.
107 Feb.
25 Feb.
10314 Jan.
114 Mar.
101 13 Mar.
1031a Jan.
94 Jan.
96>aJan.
89^8 Jan.
35 14 Jan.
9919 F^b.
107 Feb.
1071a Jan.
77 Jan.
91 Jan.
114^Mar.
111% Feb.
MAN
72
111
109
Jan.
Jan.
Mar.
lllHMar.
AN
Ill
Feb.
106>a Jan.
80% Feb.
82 Jan.
109 >9 Jan.
891a Feb.
90 Feb.
102 Feb.
7719 Jan.
89 Jan.
103 Jan.
101 Feb.
35^8 Feb.
100 Feb.
97 Jan.
45 Jan.
.
MAN
MAN
MAN
MAN
.
;
NEW YORK STOCK EXCHANGE
8ECUBITIE8.
Bid.
SECUBITIE8.
Ask.
B.
Railroad Bonds.
(Stock Exehangt Prices.)
iklabama Mid.-lst,
Atlantic
g.,
A Danv.— Ist
Pac—
68..
1917
Atl. A
2d W. D.,gu. 6f„.1907
Bait. A Ohio— 1st, 68, Park B.1919
5a, told
1925
jCJons. mort, gold, 5b
1988
•
Ho price Thursday
;
A
0. 8. W., iBt,
g.,
Ist g., g.
these are
•
89
4ias...l990
58
1019
Mon. Riv.,
oeni'l Ohio Koor.— Ist, 4138.I93O
Deb. 58.1913
Bosl. H. Tun. A
Brooklyn Elevated— 2d, 3-58.1915
W.—
68 ....1928
g.,
PRICES-(Continned),— /Ar.ACr/VE
Bid.
36.
SEcuRrriES.
Aak.
Burl. Ced. Bap.ANo.— (Contin'd)Minn. A St.X.-l8t, 7b, gu..l927
Iowa C. A West.- l8t.78....1909
lOlHi
10038
Ced. Rap. I. F. 4 N., iBt, 68.1920
88
Bocb. A Pitte.—Gen,, 58.1937
05
1921 117
Rooh. APitt.'".- l«t,6a
Con«olldat'dl8t,68.1922
iVi"
do
1151a
ibeia Burl Ced. Rap. A No.-lst, 58.1906 '9714 99
i07ii 109 lal
Consol. A coUat. trust, Ss. ..1934
871a
the lai est qu<)tatiou< made this week.
8nfl.
BONDS— MARCH
COhio-
X)l.
Bid.
*
108
ACln.M.lst,4i«8.19OT
Bank.— Col. g.5>.19S7
• 97
RB. A
Chat.RomeACol.-OUl.g.58.1937
l8teon.gtd.58.192»
Sav.A West.—
^nt. of N. J.—Conv. deb., 68.1908 115
lent.
Aak.
88>.
THE CHUONICUB.
494
[V^OL. LIl,
NEW YORK STOCK EXCHANGE VRIC^S.-INACTIVE BONDS-f ContinuedJ -MARCH
Bid.
Ft.
Worth
<lal.
105% Oregon & California- 1st,
Har.
&Orccon— Scr. B.68...1892
1939
1900
l.anil Krant, 5b, R
1899 108
West. Pacitlc— Bonds, 68
Ko. Railway (Col.)— 1st, 68.1907
100
86
Pitts. Ft.
26
105
2d income, all subs, paid
1937
Housatonic— Cong, gold 5s
N. Haven &Derby, Con3.5s..l918
5s.
1927
W.
A8k.
*
87
*
90
& C—1st, 7s... 1912
1912
2d, 7s
1912
3d, 7s
1900 i"2'6" m'li
7s.
fd.,
Cons.,
8.
&
P.—
Clev.
6s.l89a lOlSj
4th, sink, fund,
111
St. L.V. & T. H.— 1st, 68., 79.1897 *110
189t
2d, 7s
•109
1898
2d, guar., 7s
75
—
193S< *100
SO.year 58
Ohes. & O.— Pur. M. fund, 68.1898 1123s
Bid.
193'
Oreg. Ry&Nav.— Col.tr. g..5s.l919
Pcnn.RR.-P.C.&S.L.-lst,e.,7s.l90C
96
Gal. H.
Mort. KoldSs
SECURITIES.
Ask.
General mort., gold, 58
& R. G.-lst g., 5s. .1928
&San Ant.— Ist, 68.1910
&S. A.— 2d mort., 7s.. 1905
1931
West. Div., 2d 69
1927
Ga. So. & Fla.— 1st, g. 6s
Grand Rap. &lna.— Gen. 08.. 1924
lOi^ Green B. W. & St. P.— 1st 69 .1911
Central Paciflc— Gold tods, Cs, 1895 '109
1896 109
OoldbondH, Os
1897 110
Ooldbondx, O9
1900 109
San Joaquin Br., 69
Cal.
SECURITIES.
Ask.
Bid.
SECURITIES.
86.
Hou9. & T. C— Waco & K. 78..1901
1937 loo's I03I2
1st g., 59 (int. gtdi
1008 IIVH lie's
118
101
Peo.&E.-Ind.B.&W.-l8t,pl'.7s.l900 114
1912
'
Cons. g. 68 (int. gtd)
70
Ohes. a. & 8o. West.— 2d, 68.-1911
65
64
1921
Ohio Ind.&W.— I3tpref.5s..l938
Gen. g. 48. (int. gUl)
1893 10o3e 105>«
Chicago & Alton— l8t, 78
Uoiil
1st, 68 .1921
85
Union—
Pek.
gtd.
Peoria
&
int.
1897
&
prin.
121
Debent.
68,
1903
Slakins fund, 08
60
1921
67
72
68
2d mortg., 4ias
Debent. 49, pi-ln. & int. gtd.1897
Louis. & Mo. Elver- Ist, 78.1900 116^
20
Phila. & Read.— 3d pref. convert
nilnois Central— let, g., 43 ...1951 92'
1900
2d, 7s
Con.g.4issA1940
Pitts.C.C&St.L.1951
1st, gold, 3129
Bt. I.. Jacks. & Chic— I8t,7s.l894 1071s
Pitts. Cleve. & ToL— Ist, 6s... 1922
Sprlugf. Div.— Coup., 6s.... 1898 108%
1894 '107 k
1st, guar. (564), 78
1922
1921 110
Pitts. Junction— 1st 63
Middle Div.— Reg., 59
Miss. a. Bridge— 1st, 9. f ., 69.1912
1 932 115
Mc. K. & Y.— 1 St 6s
Ten.
78.1897
Pitts.
O.—
1.,
&
N.
L.
St,
C.
Oaic. Burl. & Nor.—Dob. 68.. .1896
100 1<
191
58...
1897
Pitts. Painsv. & F.— 1st,
l9t, con90l., 78
Ohle. Burling. & Q.— 5s, e. f..l90] •JOS'*
99''8
1 st, 68,g. 1916
Cent.
Ariz.
1907
Presc't
&
105
69
2d,
Iowa Uiv.—Sink, fund, 59. .1919
1916
1951 111
2d income, 6s
92
93
Gold, 5s, coupon
..1919
Sinking fund, 49
1927
103
6s.
Debenture
v.—
48
1951
95
&
Dan
Rich.
82
1st
g.
Div.,
Memp
1921
Plain, 48
1909
Equip. M. 8. f., g.. 5a
Dub. & S. O.— 2d Div., 78 .1894
971s
Ohio. & Indiana Coal— let 5s. 1936
91
Atl. & Char.— 1st, pref., 7s. 1 897 'i'diia
Ced. Falls & Minn.- Ist, 7e. .1907
Chi. MU. &8t.P.— l8t,88,P.D.1898 *116% 119
1900
Income, 68
1021s
do.
Ind. D. & Spr.— Ist 78, ex. cp.l906 101 -a
1898 112%
2d, 7 3-103, P. D
89''8
1 947
123
RioGr. Junet,,l8t,guar.,g.,58.1938
Ind. Dec. & West.—M. 58
1902
l8t, 7s,$g.,E.D
1948
108
Rome Wat. & Og.— 1st J&.. 78.1891 1031a 104
2d M., inc. 58, tr st rec
let, La Cro860 Divi9lon, 78.1893
1925
20ifl
inc
2d
6s...
1909
68
75
Is.—
113
Coup.
&
Gr.
115
Nor.—
Jos.
&
Gt.
St.
Inter.
l8t,I. & M., 78
1897
70
Kan. C. & Omaha— 1st, 5s. .1927
Kanawha & Mich.— Mort. 48.1990 77
1899 *117
lst,I. & D.,78
125
St. L. A. & T.H— 2d m. Inc.7s.l894 106
iian. C.Wyan.&N.W.— Ist, 59.1938
1903 121
l8t,C. &M.,7s
52
1894
59
125
Dividend bonds
l9t, I. & D. Exten9ion, 78.
1908
L. Sh. & M. So.— C. P.&A.— 79.1892 ic8"
113%
Bellev. & So. lU.— 1st, 8s...i896 113
Buff. & Er.—New bonds, 78.1898 116
l9t, LaC. &Dav.,59
1919 1001,
1923
1906 120 127
Bollev. & Car.— 1 st, 6s
Det. M. &T.-l8t, 79
1st, H. & D., 79
1910 119
98
Chi.St.L.&Pad.— Ist,gd.g.53l917 ' 'so
iBt, H. & D., 59
Lake Shore— Div. bonds, 78.1899 1171a 119
1910
103
Mahon'g Coal RR.-lst, 5s. 1934
1091a
St. Louis So.— Ist, gd. g. 4s. 1931
Chicago & Paciflc Div., 6s. .1910 112
94
R.—
gu.
5s.l938
ids'
2d income, 5s. 1931 • 78
All.
l8t
Kal.
& G.
do
Mineral Point Div. 59
1910
.193:
80
98
LehighV.,N.Y.— 1st gu.g.4i.28.1940 103»B 1041s
Car. & Shawt,— 1st g. 4s.
1921
C. & L. Sup. Div., 58
106 13
98
Fargo & South., 69, A98U...1924
1 .itchf Car. & West.— 1st 68. g.l916
St. L. & I. M.— Ark. Br., 1st, 73.1895 105
100 la l^nglsland- 1st, 7s
1898 1171a
Inc. conv. sink, fund, 59
1916
St. Lou & S.Fran.— Equip., 73,1895 100
1931
95
93
B.—
Ist,
58.1927
Dakota & Gt. South., 59. .1916
961a
N. Y. & R'wav
g.
General 5s
1987
1927
40
OUle.&N.W.— E8c.<feL.8.l8t,69.1901 106%
2dmortg., inc
1st, trust, gold, 58
Des M. <fe Minn.— l9t, 78. .1907 121
Smithtown&Pt.Jeff.- l9t,79 1901 107
Kan. City & S.— 1st, 6s, g...l916
Iowa Midland— Ist, 89
86
1271a Louis.Evans.&St. L.— Con.59.1939
19(X) '125
Ft. 8. AV.B.Bg.—l8t, 6S...1910
Peninsula— l9t, conv., 7s... 1898 116
Louis. ANa.sb.— Cecil. Br, 78.1907 101
St. Paul & Duluth— l3t,58....193] *105
1917 103 105
Chic. & Milwaukee— l9t, 79.1898 116
1920 104%
Pensacola Diviaion, Cs
2d mortgage 5s
Win. &St. P.— 2d, 78
115
1907
St. Louis Division, let, 08...1921 114
St, Paul Minn & M.— Ist, 7s.. 1909
Mil. & Mad.— l9t, 68
1909 II7I2
1980 53
1905 111
2d, 3s
2d mort., 69
1922 *110
Ott C. F. & St. P.— l9t, 59. .1909 104 li
Nashv. &Decatui^]8t,78..1900 115 118
Minncap. Union— lat, 6s
STorthern 111.— 1st, 5s
1910 IO4I4 107
1910 LOO
8. f.,6s.— 8. & N. Ala
Mont, Cen.— 1st, guar., 0S..1937 *112 115
O.K.I.&P.—D.M.&F.D.,l8U8.1905
1924 -1021a
1040, gold, 6s
East. Minn., Ist div. Ist 58.1908
Ist, 2ias.,
1905
50 year 5s, g.,
1937 103 IO6I2 San Fran. &N. P.— 1st, g., .5s.l919
Extension, 4s
1905
Unified, gold, 48
1940
Shenandoah Valley— uc, 0s.l923
Keokuk & Des M.— Ist, 59. .1923 92%
Pens. & At.- 1st, 68, gold. ..1921
104
Sodus Bay & 80.— 1st, 5s, g...l924
CJhic. St. P & Kan. City— 59.. 1936
1931 "7 2" 73"
Nash. Flor. & S. Ist gu. 5s.,1937
South Carolina -2d, (is
971s 99
Minn. & N. W.— l9t, g., 59.. 1934
Lou.N.Alb.&Ch.— Gcn.m.g.5s.l940
So. Pac. Coast— 1st, guar., 4s. 1937 ' 93
Chic. St. P. & Minn.— 1st, 6s. ..101 *122is 124
Lou. N. O. & Tex.— let, 4s. .1934
86
45
Texas Central— 1st, s. t., 78. ..1909 * 40
St. Paul &S. C— Ist, 69
1919 "123
1911
2d mort., 58
1934
48
Istmortgage, 78
Ohio. <fe W. Ind.— Ist, s. f., 68.1919
Manhattan Ry.— Cons. 46
1090
Texa9 & New Orleans —l.st, 7s. 1905 •114 II6I9
General mortgage, 68
1932
1912 102
1131a Memphis & Charl.- 6s, gold. .1924 102
Sabine Divi.sion, 1st, 6s
1031a
Cin Ham. & D.—Con. s. f., e.l905 •125
1 8t con. Tenn lien, 78
Inl5
Tex. & Pac, E. Div.— 1st, 68.1905
2d, gold, 4ia3
1937
Mexican National— Ist, g., 68.1927 94 100
Third Avenue (S.Y).— 1st 5s, 193'
111
On. I. St. L.& Chic—lst,g.,4s.l936 94" 94I2 2d, income, 68, "A"
1917 811a 83
40
1917
Tol. A. A. & Cad.— 6s
Consol., 68
1920
2d, income, 68, "B"
1919
1917
Tol. A. A. &Mt. PI.— 6s
Oln. Jack. & Mac— Ist, g., 59.1936
60
Michigan Central— 6s
1896 i'0'9"
1909
Union Paciflc— Ist, 69
Clev. Ak. & Col.-E<i. & 2d 68.1930
921s
Couijon, 53
1S97 Ill's
1931 110
1st, 68
O.C.C. & St. L., Cairo div.— 48, 1939
90
Mortgage 48
1940
101
1898 112i>8
Ist, 6s
Cin.San.&Cl — Con.l 8t,g.59, 1928
Jack. Lau. & Sag. —68
1908
1891 100
Collateral Trust, 68
Bt.Lou.Div.— I9tcol.ts'ti8,g.l940
Mil. L. S.&W.— Jouv. deb., 58.190^
95
1907
Collateral Trust, Ss
991s
Bpring.&Col.Div.- l9t,g. 49. 1940
Mich. Div., 1st, 68
1895 100
1924
120
C. Br. U. P.— F. c.,78
WhlteW.Vnl.Div.— Ist.g. 49. 1940
Ashland Division- Ist, 63 ..1925 1145f
Atch. Col. & Pac— Ist, 63.. .1905
CLCol. Cin. & Ind.— l8t, 78,9.f.l899 115
L17ia
Incomes
104
Atch. J. Co. & W.— 1st, 6s.. 1905
Consol. 8ink. fund, 78
1914
Miun.& St. L.— 1st, g. 78
1927 104
U. P. Lin. & Col.— Ist.g., 5s. 1918 "7'5
Clcve. & Mah. V.— Gold, 58. ..1938 110
Iowa Extension, Ist, 7s
Oreg.S.L.&U.N.,col.tret.,5s.l919
1909 101
Colorado Midland— Ist, (?., 68.1936
108
2dmortg., 78
50
1908
1891
Utah & North.— Ist, 73
ColumbiaA Green.— Ist, 68.. 1916 100
Southwest Ext.— Ist, 78
1926
1910 951a
Gold,58
2d, 68
1926
Paciflc Ext.— 1st, 6s
103
04
1921
Southern—
Gon.,
..1909
Utah
7s.
Del. Lack. <t W.—Convert. 7s, 1892 •ioii^
Impr. & equipment, 6s
1909 *
1922
59
Exten., 1st, 7s
105
Mortgage 79
1907
Minn. & Pac— Ist mortg., 58.1936
Con.
1921
Valley
R'y
Co.
of
O.—
6s.
Bvra. Bfng. & N. Y.— l9t, 79.1906 *131
Ist.Ss 1926
Wabash— Deb. M., series "A". 1939
Moms & Essex— Ist, 7s. .1914 139 135 Minn.S.Ste.M.&Atl.—
Mtnn.St.P.&S.S.M- I8tcff.4s.l938
1895 *109% llOJ^
No. Missouri- let, 7s
2<1,78..
1891 101 '6 102
Mo.K.&T.— K.C.&P., I8t,-is,g.l990
8t.L.K.C.&N.— E.E.&RR.7S.1895
70
108
Bonds, 78
1900 '115
Missouri Paciflc— Trust 5.S...1917
1 908
Charles
Br'ge—
Ist.Os.
St.
921a
7sof 1871
1901
Mobile & Ohio— Ist ext., 6s.. .1927 109%
West. Va. C. & Pitts.— Ist, Oa.1911 '100
Ist, con., guar., 78
1915
St. L. & Cairo—48, guar
1931
Wheel.&L.E.— 1st, 58, gold... 1926
Del. & Hud. Can.— Ist, ex. 78.1891 103
IO4I2 Morgan's La. & T.— 1st, 6s.... 1920
1930
Extennion & Imp. g., 5s
Coupon, 7s
1894 111% 112
Ist, 78
1918
miMceliaiieous If oudM
1281s
Pa. Div., coup., 7s
1917 *135
Nash. Chat. & St. L.— 2d, 6s 1901
Boston Uu. Gas— Tr. cer. 58.. 1939 ' 87
90
Albany & Susq.- 1st, gu.,7s.l906
1301a New Orleans & Gulf— 1st, Os 1926
Cababa Coal Min.— lat g. 7a. .190' 108 112
Ist, cons., guar., 69
1906 120 123
N. O. &. No. E.— Pr. 1., g., 6S..1916
Chic.Jun.AS.Yds.— Col.t,g,5s,1915
Bens. & Sar.— 1st, coup., 78.1921 144
N. Y. Ccnt.-Deb. g. 4s
99
1905
Col. & Hock. (3oal&I.— Us,g..l917
97 100
Denver City CaWe-lst, 68. ..1908 95
N. J. June— Guar, let, 4s. ..1986 100
Consol'u Coal— Convert. 0s...l897
lei's
Denv. & R. G.— Imp.,g., 5b. ..1928
86I4
84
Beech
Creek-lst,
gold,
48
81
Chicago—
1936
Consumers
Gas
Co.,
Ist
82
E. Tenn. Va. & Ga.-lst, 78... 1900 1131s 116
guar. 58
1936
*; H.-lst, reg. 4S.1903
82
Divisional 5s
SZ?-x¥1930
N. Y. & Northern— Ist, g.. 58 1927
107% Edison Elec. 111. Co.— 1st, 58.1910 97
l8t ext., gold, 69
1!lil937
si'
2d, 4s
511*
JEqultable G. & E".- 1st 6s
1927
1905
£q. & Imp., g.,58
1938
N. Y. Susq. & West.- 2d, 4128.I937
74
G'nd Riv. CI. &Coke.—lstg. 68.1919
Mobile & Blrm.—Ist,"g','58".;i937
Gen. mort., 5s, g
Hackeasack Water— Ut. 5s. .1926
1940 81
Alabama Central— Ist 69... 1918
116
North'n
Pacittc—Divid'd
scrip
103
Henderson
Bridge— 1st g. 6s. 1931 105
ext
Erie— ist, extended, 78..
1897 lie's 118
James River Val.— 1st, 6s..;i936 104
Iron Steamboat Co.— Us
1901
2d, extended, 58
1919 115 118
Spokane
Pal.—
&
1
st,
6s.
1936
Met.
Tel.
&Tel.—
l8t,s.f.g.58..1918
104
1021s
8d,ettended,4ias
!!"'l923 1061a 107
St.PaiU & N. P.— Gen., 63.. 1923 117iv
iNation'i Starch Mfg.— let, 6s,1920
4th, e ttended, 59
1 920 II214 115
5''"*^'"-l"''<?-.0a.l937
89I3 91
97 H' 106' N. Y. & Perry C & I.— 1 st, g. 68,1920
6tn, e ctended, 48
'1928 lOlOg 102
S"^?,*?
Dulutb&Manitoba^lst,K.6sl936 lOSat 10512 iNorthwcstern Telegraph- 7o, 1904 *103
1st, cons., fd. coup., 79...";!i920
132
Dul.&Man Dak.Div.— l.st()8.1937 105 [OS's [People's Gas & Coke ? latg.08,1904
Beorg l8t lien 69..
1908 *i08'
Ca:urd'Alene— lst,68,gold 1916 105
B. N. Y. A E.— Ist, 79
Co., Chicago
J2dg.6s,1904
106
191« 132
Gen. Ist.g., 6s
N. Y I. E. & W.-Col. tr. 68:i922
FhiladelphiaCo.— lat 8. f. 63.1898
1938
ids'
Cent.
Washington— l8t,g.,6s.l938
Funded coup., 58...
West, Union Tel.— 73. 1875-1906
103
iSbq
116
85
Chic. &Nor.Pac.— l8tg. 08 1940
Iit(;ome,6s.
81
Woodstock Iron— let, g. 63... 1910
1977
82
75
ScattleL.8.&EaBt.-l8t,6s,g 1911 102't 103
UnllNted
Uoudo.
*"•
68'---1908
«f-r'"'"^«Norfolk & West.-Gencrai, of. 1931 119
riS^Jefferson—
Ala.&Vicks.-Coui»ol.5g.,1921.A&0
Ist, gu. g. Sg
90
95
1909
103
NewEiver, 1st, 6s
Chicago & Erie, Ist, g.,4^5"9;i982
1932
2d M., income till '94, 1921.. A&O 70
116
80
851s 87
Imp. & Ext,, 6s
Income. .Is
Vicks. & .Merid.,l8t 6s, 1921,A&ol 06
1934
00
1982
Adjustment
M., 78...
Eureka Springs R'y-i8t",68.g.l933
"l924
Atlanta & Charl.— Ist 7s,li)07.J&J 119
.22
Equipment, 5s
Evans. & T.H.-l8t,con8.,68f.l921
"iqiis
Comstoek Tun.— Inc.48, l919.MAi.\
39
40
.i'ibo'
Clinch Val. 1st 5s....
1S57
Mt.\emon— l8t«s
Georgia Pac— 1st Os, 1922....J&J 107
99
101
08
192^'ii"
Scioto Val. & N. E.-l8V,48.'.1990
Evan9. <t Indian.— l9t, con9"]92fi *
74
Consol. 5 g 1923
A&O 70 71
14
\u\i,"
74''s
^'
Ogd.
<fc Lake Ch.— 1st
con. 68.. 1920
rnnt & P. Marq.-Mort.:6s .-.igio iVbii'
Income 58
15
18
Ohio & Miss- 2d consul. 78
l8teon.gold,58. ...:
1911
119 LLittleR.&Mem.- l8t6g,1937.M&S
60
70
1939'l62 ios""
8pringttc!dDIv.-l8t78..".'.1905
Port Huron l»t'58
Meiu.&Charl.Coi)S.7g.,1915.J*J
113
110
15
1939
loiio
General 5s
^a^^o
Fla. Ccn. A Pen.— 1 St g. 5s
100 'a;i8tL.Aik.&Tex.-lst4e. When isau'd
191 «'
691a
Ohin Hirer RR.— lat. sV.l^^'ijjsJ
When issu'd 681a
2d 49, Income
SO
32
*F9 yi<» Thuisdayi these are the latest quotaUous made Uub week.
68. gold, series
A
. .
.
1
. .
. .
.
. .
. .
—
1
. .
:
.
'
. .
.
.
.
.
1
•
'
.
I
. .
I
1
,
1
.
1
Mahch
m^CHKONICLR
S8, 1891.J
i96
iMlett Karnlngi Keparlat.
%nvitstmcnt
BOAM.
AND
^nilvoKA 'gnUllxQmct.
Ft.W.
A
Weekorito
•
Rio Or. Fcbnmrv
4 No. Jniiiinrr.
.
15,669
UeoraMRR
iJinnmry...
A Fla.. I'l'iiniary
11.32(1
1113.088
0.1.087
Oa.
C'ar'la
.
'
Oi>o. flo.
.
A W'tii.iniiiiiiry...
The Investors' Supplkment, a pamphlet of 150 page$, CiiorKcfn
8r. Kill). A IiKl..
wk Mch
CIn.K.A n. W.l-Jd wk Mch
contains extended tables of the Funded Debt of Stateii and
Othnr lliii^x. ..ad wk Mdh
Citie-t and of the Stocks and Bonds of Railroads and
Total all llneii.'^il wk Moli
other
Trunk.
Wk Meh 2
Companies. It is published on the last Saturday of every Orand
Uhlo AOr.Tr. Wk.Mehl4
Det.Gr.ir
oUier month— viz., January. March, May, July, September
AM- Wk Moh 14
North'n
and November, and is furnished without extra charge to all Great
8t. P.M.AM. February
KaDt. ofMlnn. Kebruary
regular subscribers of the Chronicle. Extra copies are sold
MonlanaCeut.
;'.;,i
to subscribers of the Chkoniclk at 60 cents each, and to others
at $1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages o/ the Chronicxj:, are published on the
tliird
Saturday
of each month.
LaU»t Saminga Reported.
I
Week or l/o
1891.
I
M
Half owned..
Tot.S.L.&S.F.
Aug. total ..
Atlanta Ic Char
Atlanta & Flor'ii
Atlanta iW.Pt
B-ACEa-stUni's
Western
•2d
'id
•Jd
.
wk Mch
wk Mch
wk Mch
M wk Moh
2d wk
.Mch
laiiuary.
February
February
February
February
February
.
198,016
562,105
38.733
600,838
109.529
to
Latest Date.
1891.
1890.
$
Jt
183.517
198,0161
517.257 5,460,507|
31,491
298,216
548,748 5,758.723
106,101 1.101.248
30,827
292,073
136,929 1.453,318
685,677 7.212.042
174,936
171,235
9.881
21,073
44,611
93,558
1.311,457 2,725,820
409,259
856,367
38,13:
147.681
748..199
171.235
9„162
40.846
1,289.973
Line."
398.80t)
Total
.
1,688.773 1,720,716
BaI.&0..*outlnv. ;Sd wk Mch
4r),fj54
46,176
B»lt. iV I'nidunc February
122.065 121,519
Blr.fili.A-Tenn.R .Linuary. ..
1(5.251
17,906
BiRliopsvillo
January...
2.548
1,669
Boonv. .Vl.st.&X. lanuary. ..
4.07'
4,123
Bttfl.Ro(>li,AlMtl
Jan. 1
n
I
Allegbenv Val. January.
Atcli.T.&8. Fe.
wk Mch
Half owned ... 2d wk Mch
Total systenj.
BtL.d:SaiiF..
1890.
3d
.
wk Mch
wk Mch
183,517
5,243,968
289,255
5,533.224
1,133,088
282.708
1 ,450,796
6,949.021
174,9-36
21,032
95,266
2,792,439
8")3,035
3,582,187
3,645,474
487,462
258,861
507,588
255.018
17.906
16.251
2,548
4,077
1,669
4.123
3B4.615
027,680
35.483
51,106
72,848
34,113
."505.721
Bnr.C.Hap.AN '2d
69,385
672,876
Camden A Ati. J:iBuary..
40,24'
35,483
40.247
Canada .\tlantle February
52,088
52,294
96,873
Canadian PaciUc M\ wk Mch 341,000 289.000 3,690,221
Op.FrAYad.Val '2d wk Mch
14,271
12.608
131,935
Cir.Cuin.CACh January...
3,618
2.437
3.618
Cen.RR.&Bd.Co 3 wks Feb. 524.591 531,878 1,336,755
Au.Tiliaiv sys. 3 %vks. Feb
276,544 275,109
Cent.N.Eiri,'.AW December.
54.832
37.152
Central of N. J
February
943.294 821,702 2,032,484
Central Paclllc. January... 1,188.922 862,069 1,188,922
Central of H.
January...
1 1,295
11,9.54
11,295
Centr'l V'enn'iit. WkFeh 28
52.703
53,990
N.London Nor Wk Feb. 28
10,436
9,748
O/td.&LakeCli Wk Feb. 28
10.216
10,809
Tot. system. Wt Feb. 28
73,415
74.517
660,428
Ohar.Cin.&Chic January.
3 2,915
8,363
12,915
Oharlesfn&Sav .January.
77,116
73,899
77.416
Char. Sum. A No. January.
10,537
4.461
10.537
Chatt'a*eaUni'u February
7.60O
7,557
16.242
Oheraw. & Darl January...
13.464
9.934
13,464
Clieraw.&Salisb January...
3,153
2,541
3,153
Cbeg. & Ohio ..
:Jd wk Mch
100.11
131,582 1,743,450
Ches. O. <fc 8. W February
185,93
150,200
394.969
Cne.i. A Lenoir
January...
6,875
6,161
6,875
Chic. Burl. A Q J:iuuarv. .. 2,32'».830 2,717,408 2.329.830
Ohic.A East. Ill 2d wk Mch
75.740
62,118
718,833
Chlc.Mll.ASt.P. 3d wk Mch 507,268 476.2'25 5,260.02
owe. ANtliwu. February 1,707,842 1,758,062 3,601,249
Ohlc.Peo.&St.L Heeember
4 1.565
4-24,9
32,047
Chk-.Rockl.AP. February 1,022,872 1,154,917 2,120,359
Chlc.St.P.AK.C. 2d wk Mch
»2,732
86,116
728,456
Olile.St.P.M.AO. January..
485.736 488,806
485.736
Ohio. AW. .Midi. 2d wk Mch
29.507
29.385
283,268
OIn.Ua. A Ports. February
3.605
3,937
8,106
an. Jack A Mac. ;id wk Mch
14.858
11,786
168,151
Can.N.O. AT. P. 2d wk Mch
72.049
73.901
832.360
Ala. Gt. South. 2d wk .Mch
30.676
33,254
370,539
V. Orl. A N. E. d wk Mch
18.598
232,r>»22.721
Ala. A Vicksb. d wk Mch
8,341
12S.9.S5
9,980
Vlcks. 8h. A P. d wk Mch
9,122
8,732
129.421
ErlaiiRer byst. 2d wk Mch
138.786 148,587 1,693,902
Clnn.Ni.rtliw'u. February
2,116
1,108
3,687
Cin.Wab.AMioli. February
43,507
37,957
87,582
Olev.Akrou&Col 2d wk Mch
16,906
15,266
169,771
Clev. A Canton.. January,
40.248
34.569
40,248
OC.Cm.Ch.Afci.L 2d wk Meh
239.792 238,795 2,539.465
Peo. A Ea.st'n. 2d wk Meh
.SI, 516
31.611
300,542
Olev. A Marietta February
20,264
16,669
.50.316
Color. Midland. 2d wk Mch
34,934
32,910
374,951
Col. H. V. A Tol February
180,574 164,143
389,872
ColiiHa A Lake.. January.
1,742
1,266
1,742
Covin. A Macon. February
12,084
13,040
25,296
Day Ft. W.ACh.. January.
45,677
39,539
45,677
Deny. A Klo Or. .-Jd wk Mch 138.000 143,500 1,572,627
Des Moln. A No. February
7.223
5,750
15,412
De« a. A N'wesI February
14,382
17,367
26,809
DetBay C.AAlp 2d wk Mcli
7.274
9,935
105,155
IJet-l-ans-gANo 2d wk .Mch
20,389
25.466
204.619
DoluthS.S.A Atl 3d wk Mch
26.83'
27,576
311,297
Ea»t Louisiana February
6,600
6,466
17,100
E.Tenn.Va.AOa. December. 628.380 587,799 6,783,836
KsozT.AOhio December.
65,335
50,421
707.547,
Total system 2d wk Mch
12-2,029
142,677 1,490.258
El(fln Jol.AEast.' January.
46,297
39,222
46.297
>Uz.Lex. AB.S.. January.
57,809
52,442
57,809
Bvam.AInd'pll.s :)d wk Mch
6,476
5.915
67.401
ransT. A T. H. ad wk Mch
22,193
18.249
23:j.a32
ntotabOTg
'January...
536,067 496,233
5:«>.067
FUnt.AP.Mara. '2d wk Meh
58.980
597.691
B5,460;
r\orenoe
[January.
6.105
5.4211
6.105
Jlor.Ceut.AP. 'istwkMch
31,8150
26.550
293,015
C
1<)0.261
2,793,379
107,675
2,4-37
1,405,845
862,069
11.954
,
.
.
.
.
.
.
I
.
.
DaU.
ISOT.
•
8,231
5.411
33,032
11,320
103,O«8
183.20A
177,412
48.430
3.421
4.)»30
5.5,176
411,673
81,838
43,181
586.702
10,M57
4,051
70,083
879,947
72,082
21,277
3.99:i.»0l
706.176
219,111
534.288 44.5.014 I.lSO.lliO
40.582
24,075
81,224
February
81.022
.57.445
179.220
Tot. »ystem. Kcbruary
655.891 526,534 1,449,.594
Gulf A tlilcago. Kebruary
2.800
4,272
6,158
HouHatonic
January..
105,676 101,199
105.670
Hameat'nAHheu Kebruary
12,500
11,914
26.000
Hiitoh.AHouth'n February
6,200
4,220
12,610
Illinois Ccntr'lo. February
1,431,296 1,270.417 2,916,-176
Inrt.Dec.AWent February
33.231
29,574
73,446
In. Aot.North'n .Tiinuary. ..
308.6.53
306,557
308.653
Iowa Central... 3(1 wk Mch
35.4.56
31,761
382,142
Iron Hallway.. Feliruarv
2.628
3,081
5.940
Jack'v.Bouth't'n 2d wk rfch
19,583
13.317
195,286
J-k'nv.T.AK.Wft Januarv
79,165
79,802
73.165
KanawhaAMlcli 2d wk Mch
5.083
5,065
54,820
Kan. C. CI.ASp 2d wk Mcb
5.985
9,639
61,673
K.C.F.8. AMeni. 2d wk Mch
86.619
93,513
873,226
K.C.Mem. A Bir. I St wk Mch
21,320
22,444
220,619
Keokuk A We.st, 2d wk Mch
7,881
6,635
74,638
KhiKHt-n APem. Ithwk Jan
4,053
4.324
9,580
L. Erie All. A So February
4.311
4,587
9,912
L. Erie A West. .'Id wk Mch
60,242
57.111
655,450
Lehlch A Ilud.. February
29.879
24,200
61,680
L. Rock A Mem. :d wk Mch
11.500
9,877
150.384
L«n? Island
February
213,113 182,832
450,091
Louis.&Mo.Kiv. Tanuurv. ..
29,459
33,5.32
29.459
Louis.Ev.ASt.L. 3d wk Meh
25,594
23,170
307.443
Louisv.ANashv. 3d wk Meh 351.005 353,901 4,167.685
Louis.N.AACh. 2(t wk Mch
47.920
44,179
473,003
Louisr.N.O. A T. 3d wk Mch
65.570
38.674
866.649
Lou. St.L.ATex. 3d wk Mch
7,232
6,960
82.025
Lynchb.ADur'm February
13.000
4.60O
24.000
Memphis A Chas 'd wk Mch
33.948
34,796
360.713
(Mexican Cent... 3d wk Mch 123,348 J 22.021 1,470,715
JMex. National Hd wk Meh
81,786
72.100
919,005
IMexican K'wav Wk Feb. 28
93,011
72,649
749,927
Mil.L.Kli.A West 3d wk Mch
55,162
64.729
578,312
Milwauke(? A No .3d wk Mch
29,417
32.174
334.147
Mineral K.inge.. February
7,990
6,862
17,590
Miuneap. A8t.L. February
109.328
93.172
219.028
M.St.P. A8.S.M. February
137.280 148.626
287,954
Mo. Kan. A Tex. 2d wk Mch 139,425 138,609 1,515,625
Kan. C A Pac. 2d wk Mch
e.079
5,677
61,289
Total Byst'm 2d wk Mch
145.503 144,286 1,576,914
Mobile A Birm.. 2d wk Mch
4,476
4,162
58,396
Mobile A Ohio.. February
284.495 247.300
606.186
MontereyvfeM.G. February
74,698
29,700
148.103
Nasb.Ch.ASt.L. February
292.523 279,315
6.50,236
Western A.Atl. January...
167,002
167,002
N.Jersey AN. -v. lanuary...
18,812
16,908
18,812
New Orl. A Gull February
12.261
11,5'20
30.276
N. Y. C. A H. K. February 2.732,996 2,703,853 5,740,848
N. Y. L. E. A W. February
2,054.403 •2,056,487 4,226,6,?2
N. Y. Pa. A Ohio January...
499.438 584,642
499,438
N. Y.AN.Eug.. January...
446,040 434.407
446,040
N. Y.ANorth'u. February
32,743
40.279
66,068
N. Y.Ont. A W.. 3d wk Mch
53,803
47,821
556,374
N.Y. Susq.AW.. February
101,535
85,953
216,6-23
NortoikAWe.st.6 3d wk Mch
189,472 170,480 1,811,835
N'thea.st'u(a. C.I January.
86,811
81,719
86,811
North'n Central. February
473,580 491,6£2
969,142
Northern PaclUc 3d wk Mch 400,428 391,135 4,402,039
Ohio ANorthw.. February
13,516
15,423
30,094
Col. A Maysv. February
814
600
1,474
Ohio A Mls3
2d wk Mch
90,653
85,299
806,482
Ohio River
2d wk Mch
10,161
9.845
98,138
Ohio Southern.. February
44,263
37,958
96,083
Ohio Val. of Ky. iBtwkMch
5,017
3,308
51,975
Omaha A St. 1... February
31,076
54,536
68,-232
Pennsylvania .. February
'4,739,320 4,851,091 10,051,705
^
PeonaDec.AEr.l3d wk Mch
16,403
13.717
198.816
Potersbure
January.
43,148
43,001
43,148
Phila. A Erie...lj,uiiiiry...
352.602 327.811
352,602
Phila. A Read'g iFchruary 1,470,917 1,313.03J 3,183.0071
Coal A Iron Co. 'February 1,145,647 949,066 2.589,407
.
.
'
.
.
"
.
.
.
.
.
.
.
.
.
673.747
8.363
73.899
4.461
15.818
9.934
2.541
.
,
1 to lAitait
1801.
.
1,715,678
.
,
4.aso
44,523
9.524
4,782
58,830
359.050
80,389
20.620
Jan.
1800.
.
RAILROAD EARNINGS.
ROA Df.
1891.
1..590.729
3-29,198
6.161
2,717,408
579,435
4,980.658
3,610,395
376,165
2,311,393
813,607
488,806
257,587
7,701
119,107
821,336
391,844
239,698
1
30,0(10
136,282
1,731,155
3.227
78.219
148,715
31.569
2,430.646
309.584
35,878
337,957
331.554
1,206
26.369
39..539
1,419,121
11,023
35,125
11 '2.443
203,974
310,233
16,198
5.832.249
581,504
1,510,148
39,222
52.442
53,577
204.488
496.233
61-<,325
5,421
253,376
.
.
.
.
.
.
.
.
.
I
.
.
Total both Cos.'February . 2,616,564 2,262.6971 5,772,415
Pitts. Mar. & Ch. (February
3,134
2,804
6,766
Pitt.Sheu.A L.E. January...
21.675
19.021
21,675
Pittab. A We.st'n'January...
107,049 115,524
107,040
1,
Pitt. YounK.&A. [February
Aug. Jan uary. .
Pt. Royal
A
.
I
Pt.Roy.A W.Car.' January.
.
Pllts.Clev.AT.i January...
Pitts. Pain. AF.I January.
Total system 3d wk Mch
.
.
154,3(X>
December.
QuincyO.AK.C. February.
Rich. ADanvlIle. February
Vir. Midland.. February.
Char.Col. A An. February
Col. AGreenv.February
Pi-efl.A.Ariz.Ceii
I
.
.
.
West. No. Car. [February
Georgia Pae ..February
Wash.0..t W.. 'February
Ashv. A 8part.i February
Total sys'm. 2d wk Mch
.
.
A
Peterab.'.Iaiuiarv.
29,371
15.589
42,3U6
11.088
19,670
511.200
169,700
88,700
93,400
73,800
.
Rich.
48,517
43.875
46,903
.
RloUr'deHouth. 3d wk Meh
Rio Or. West... 3d wk Mch
Rome W. A OxiLJanuary...
SaK.Tuscola&H.: Februaiv
Bt.L.A.AT.lI.B'ii '2d wk Meh'
Bt.L.Ark.Al'ex. 3d wk Mch
8t.PaulADul'th February
8.Ant.AAr. Pass November.'
•.Fran.AN.Pae. 2d wk Meh
8aT. Am. A Mou. February
Beattlc L. 8. A E. 3d wk Mch
SUverlon
January...
SlouxClty A No. January.
South Carolina February
Spar. Un. A Col. 'January...
.
.
.
,[
8,6.50
11.575
279,375
25.368
2.567
42.400
310.985
6.785
27,695
70,110
95,107
170.220
10,579
41,3551
6.1001
7,025
33.949
179.00O
14,056
93,045
33.019
37,151
32.635
17.942
39,84
11.400
17,709
480.800
158.000
87,500
95,-<0O
103,344
43,875
46.903
29.371
15.589
415,222
134.594
42,1.50
1,031.550
345.000
178,500
182,350
157,160
336.550
71,250
151.700
7,950
18,250
10,400
23.275
265,650 2,821.775
27,236
25.388
31,591
26.840
448.3731
283.037'
5.094
310.9><5
21.416
269.914'
5 •'.009
879,224
77,354
175,663
13.217
185, •i07
1,584.6811
0,641
21.123!
6,633
nU.
I
lia.iei;
11,937'
111.807
82.702
76,615
7,0251
33,049;
356,7471
14,05Q'
9'dM45
11.987
THE CHRONK^UE
496
Latett
Bo AS*.
Bamingt
Week or Mo
Reported.
1891,
Jan. 1
1891.
S
S
Co.—
eo. Paoiflc
to
1890.
341,165 334,210
Osl.Har.&S.A. Januarr. 94,376
87,088
Louls'a West. January.
MbrKan'sLAT. January... 605,234 446,369
14,476
14,326
N. YiT.&Mex. January...
124.915 175,645
Tex. & N. on. January.
1,182,218 1,065.0761
Atlantic syg.c. January.
2,670,973 2,068,338:
Pftoifio eysteui J anuary
Total of all . . January. 3,853,191 3,133,414
80. Pao. RR.—
127,119 116,440
Ko. Div. (Cal.) January
"
503,929 435,991
Bo. Dlv. (Cal.) January.
186,010 146,797
Ariiona Dlv.. January...
73,461
92,664
Hew Mex. Div. January..
48,418
57,128
Btatenl. Kap.T. February
1,151
1,107
BtonyCl.ACMt.. January..
53,863
91,872
BaiDinlt Brancb. February
43,195
63,786
Lykens Valley February
67,057
155,ti5
Tot'l both Co's February
6.408
5,653
Tal.& CoosaVal. January..
16,301
13,310
Tenn. Midland February
112,807
101,6^8
Mch
Texae & Pacitio 3d wk
3,677
3.191
Iex.8.Vai&N.W. February
25,594
25,725
TaLA.A.&N. M. d wk Moh
6.198
6,173
Tol. Col. ACin.. 3d wk Mch
23,603
26,396
Tola Ohio Cent. 3d wk Mch
8,397
10.621
T0I.A O.Cen.Kx. December.
18,309
17,032
Tol. P.* West.. :d wk Mch
26,888
29,397
Tol.St. L. &K.C 3d wk Mch
1,744
1,782
Tol.&Bo.Haven. February
19,665
17,008
January.
Ulster&Del
Dillon Paoiflc—
Or.S.L.&U.N. January... 632,663 333,043
473,857 126,249
Or.Ry.<t N. Co. January...
18,786
12,061
Bt.Jo.&G'dlsl. 4th wk Fob
Un.Pac.U.&G. January... 389,060 413,267
AUoth. lines.. January... 1,480,370 1,431,804
Tot.U.P.Sys. January... 3,025,792 2.427,536
44,714 108,916
Oent.Br.&L.L. January...!
3,070.506 2,536,452
Tot. cont'led January.
60,386
84.607
Montana TJn. January..
2,597
2.108
Leav.Top. & 8. January...
2,689
3,026
Man.AI.& Bur. Jauuary...
32,836!
44,871
Joint.own'd,^ January.
Grand total January. 3,115.377 2,569,2881
U.S'kYds.&T.Co January... 263,034 238.984!
12,501
12,030
Vermont Valley February
Wabash
3d wk Mch 235.000 2iO,069
4,458
Wab. Chest. &W. J anuary.
4,673
30,401
21,395
Wash. Southern February
93.089
84,507
West Jersey
January.
82,124
60,387
W.V.Cen.&Pltts February
6,343
West V.& Pitts. January.
7,983
51,029
50.943
Western of Ala. February
West.N.Y. & Pa, 3d wk Mch
65,000
65,700
21,112
Wheeling <ScL.£. 3d Wk Mch
23.065
WU. Col. & Aug. imuiiry. .. 107,122 107,807
Wisconsin Cent. Id wk Moh
88,062
95,673
Wrlghtsv.&Teu. January,
9,100
7,625
Zanesv. & Ohio. January...
11,261
9,741
.
1
I
.
.
.
.
. .
.
.
.
.
.
.
.
.
.
Latul Date.
1,182,218
2,670.973
3,853,191
1,065,076
2.068,338
3,133,414
127,119
508,929
186,010
92,664
112,267
1.107
205,759
138,572
344,330
5,653
30,739
1,432,286
C.344
194,389
67,363
116,440
435,991
146,797
73,461
100,035
1,151
116,495
98,894
215,387
6,408
32,496
1,-520,511
274.9881
109,3121
179.405
326,682
3,476
19,665
632,663
473,857
104,562
389,060
1,480,370
3,025,792
44,714
3,070,506
84,607
2,108
3,026
44,871
3,115,377
263,034
24,525
2,650,482
4,673
44,532
93,089
173,900
7,983
112,560
726,275
242,126
107,122
942.344
9,100
7,310
218,828
61,207
253, '45
95,905
187,060
323,141
3.480
17,008
333,043
1'26,249
228.359
413,267
1,431,804
2,427,536
108,916
2,536.452
60,386
2,597
2,689
32,836
2,569,288
238.984
24,171
2,813,227
4,458
44,516
84,507
129.764
6343
110.840
699.544
226,057
107.807
898,296
7,625
9,741
11,261
latest
weekly
summed up
as
follows:
For the third week of March the gain onthe 37 roads which
have thus far reported
3d week of March.
Bait.
&
& Pitts....
Canadian Pacific
Chesapeake <fe Ohio
Chicago Mil. & 8t. Paul..
ClBCinnatl Jack. & Mack.
Denver A Rio Grande
. .
Diiluth 8. 8.
& Atlantic.
.
Evans vlUe & [udianap...
Evans.
& Torre
Haute...
Grand Trunk of Canada.
Iowa Central
Lake Erie&Westem
Louisv. Evansv. & St. L.
Louisville & Nashville...
Louisville N. O. & Texas.
Louisville St. L. & Texas.
Mexican Central
Mexican National
Milwaukee L. 8h. & W est.
Milwaukee iS Northern..
New York Out. &: West.
Norfolk &We«tern
KonAem
Paoiflc
Peoria Decatur AKvan.iv.
Pittsburc & Western
Rio Grande Western
Bt Louis Ark. <& Texas...
Beattle L. 8. & Eastern
.
Texas
A
Pacltto
Toledo Col. & Cincinnati.
Toledo & Ohio Central.
Toledo St. L. & Kan.Clty.
.
Wabash
Western N. Y. & Penn..
Wheeltna;A Lake Erie...
WiaooDBln Central
Total (37 roads)
Wetlncrease (4 75
4'75 per cent in the aggregate.
1891.
1890.
45,554
51,106
341,000
160,111
507,268
14,858
138,000
27,576
6,476
22,193
359,650
35,456
60,242
25,594
351,005
65,570
7,233
123,348
81,786
55,162
29,417
53,803
189,472
400,428
16.403
42,306
42,400
46,176
34,113
289,000
131,582
476,225
11,786
148.500
26,837
16,993
52.000
28,529
31,043
3,072
5.915
18.249
561
3,944
Itiereaie.
Decrease.
»
Ohio 8outhw
Buffalo Roch.
is
6,400
101.628
6,173
26.396
29,397
235,000
65,000
23,065
88,062
379,947
31,761
57,111
23,170
353,904
38,674
6.960
122,021
72,100
64,729
32,174
47,821
170,480
391,135
13,717
39,841
26.840
58,009
6,633
112,807
6,198
23,603
26,888
250.069
65,700
21,112
95,673
3,904,647
3,727,4601
70,1 10
p. o.)
For the second week of March our
xqads and shows 4-42 per cent gain.
622
9
Iticreate.
4,098,106 3,885,441
517,257
562.105
31,491
38,733
106.101
109,529
30,827
38,132
69,385
72,848
72,082
80,389
86,116
82,732
Chicago tit. P. & K. City.
29,385
29,507
Chicago A West Mich
138.786
148,589
an.N.O. AT.Pac.(5 roads)
16,906
15,266
Cleve. Akron A Col
238.795
239,792
Cleve. Cln. Chic. A St. L.
31,611
31,516
Peoria & Eastern
34,934
32.911
Colorado Midland
7,274
9,935
Detroit Bay C. A Alpena.
21.277
20,620
Detroit Gr. Ha v. A Mil
25.466
20,389
Detroit Lansing & North.
142,677
122,029
East Tenn. Va. & Qa
19,583
13,347
Jacksonville Southeast..
5.065
5,083
Kanawha A Michigan
9,639
6,985
Kansas City CI. A 8pr
93,513
86,619
Kan. City Vt. S. A Mem.
6.635
7.881
Keokuk A Western
9.877
11,500
Little Rock A Memphis..
44.179
47.920
Louis. N. Alb. A Chic
34,796
33,948
Memphis A Charleston.
138.609
139.425
Missouri Kansas & Texas
5,677
6,079
Kansas City & Pacific.
4,162
4,476
Mobile A Birmingliam
9,845
10.161
Ohio River
265,650
279,375
Rich. A Danv. (8 roads).
21,446
27.695
8t. L. Alt. AT. H. Brches
9,641
10,579
San Francisco A No. Pae
5,991
7,058
Toledo Col. A Clnn
18,309
17,032
Toledo Peoria A Western
274,956
44,848
7,242
3.428
7,306
3,463
6,190,992
391,022
273,734
Roads j'tlv owned ^..
St. Louis A 8. Fran
Roads j'tly owned "fl.
Burl. Cedar Rai). A Nor.
CJhicago & Grand Trunk.
Deereate^
62,291-
8,307
3,384
122
'9,802
1,640
997
9^
2,023
2,661
657
. .
6,077
20,648
6,236
18
3,654
6,894
1,246
l.«23
3,741
848
.
""s'iei
402
314
316
. .
6,464,726
Total (89 roads)
Net Increase (4-42 p. c.)
13,725
6,249
938
1,067
"i'277
—
117,288
Net Earnings MontUly to Latest Dates. The table
lowing shows the net earnings reported this week. A
detailed statement, including all roads
fol-
full
from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
The next will appear in the
in the Chronicle of March 21.
issue of
AprU
18.
.
Oross Eamitigs
1890.
891
.
.
Earnings.1891.
1890.
Ifel
$
Roads.
$
$
$
23,511
121,519
32,948
Feb.
122.065
A Potomac
57,567
75,974
255,618
258,861
Jan. 1 to Feb. 28...
269,145
821,702
38.5,366
943.294
Cent.of New Jersey.. Feb.
610,542
813,756
Jan. 1 to Feb. 28... 2,032,484 1,715,676
124,643
171,972
577,066
623.075
Chesapeake A Ohio. Feb.
224,736
339,737
Jan. 1 to Feb. 28... 1,277,738 1,195,983
July 1 to Feb. 28... 5,389,355 4,749,985 1,566,207 1,316,717
10,884
32,047
13,767
41,565
Chic. Peo. A St. L...Dec.
155,153
166,871
424,915
376,165
Jan. 1 to Dec. 31...
84,681
92,314
237,590
211,493
July 1 to Dec. 31...
10,047
13,944
44,075
38,810
an. Wabash A Mlch.Jan.
7,238
11,841
34,569
40,248
Clevel'd A Canton... Jan.
97,403
137.419
287,698
371,887
July 1 to Jan. 31...
301,131
301,147
939,206
987,093
Clev. Cln. Ch. A St. L.Feb.
630.768
627,345
Jan. 1 to Feb. 28... 2,064,150 1.957,198
July 1 to Feb. 28... 8,976,476 8,645,291 2.921,450 3,021,348
215,995
179,853
651,627
606,491
Deny. A R. Grande.. Jan.
29,201
19,877
42,351
51,331
Det. BayCitv AAl..Feb.
46,346
42.203
89,273
90,821
Jan. 1 to Feb. 28...
41,572
41,628
Penln..Jan.
131,476
125,112
A
Fla. Cent.
33,880
135,351
64,735
Feb.
146,059
Iowa Central
66,373
92,977
273,400
257,119
Jan. 1 to Feb. 28...
302,573
381,119
Feb.
28...
1,201,294
1,111,142
1
to
July
53,115
104,676
National...
Feb.
338,273
303,816
Mexican
136,133
192,306
683,874
635,913
Jan. 1 to Feb. 23...
N.Y.L.E. A Western. Feb. 2,054,403 2,056,487 11688,142 11707,995
Jan. 1 to Feb. 28... 4,226,682 4,212 272 111,265,394111,320,464
Oct. 1 to Feb. 28... 11, 831,479 11,684,306113,833,250113,955,904
113,084
131,921
473,580
494.682
Northern Central. .Feb.
308,483
263,772
969,142 1,053,801
Jan. 1 to Feb. 28...
1,395,131
Penn.(eastof P.AE.),Feb. 4,739,320 4,851,091 1,308,969
Jan. 1 to Feb. 28. ..10,051,795 9,993,402 2,756,188 2,701,177
Bait.
. .
10,500
739
Lines westofP.AE.Feb.
Jan. 1 to Feb. 28...
20.297
3,695
3,131
2,424
2,899
26,896
272
1,327
9,686
9,567
2,757
5,982
18,992
9,293
2,686
2,465
15,560
12.101
233
11,179
25
2.793
2,509
Feb.
A Reading
Jan. 1 to Feb. 28...
Dec. 1 to Feb. 28...
Feb.
Coal&IronCo
Jan. 1 to Feb. 28...
Dec. 1 to Feb. 28...
Total both Co.'s.... Feb.
Jan. 1 to Feb. 28...
Dec. 1 to Feb. 28...
8t.L.Alt.Ar.H.bchs.Jan.
8av. Am. & Mont... Feb.
Jan. 1 to Feb. 28...
July 1 to Feb. 28...
Statenl. Rapid Tr...Feb.
Jan. 1 to Jan. 28...
July 1 to Jan. 28...
Phlla.
Tenn.CoalAlronCo.'Feb
Jan. 1 to Jan. 28
W.Va. Cent. & Pitts Feb
. .
.
Jan. 1 to Feb. 28...
15,069
700
1,953
258,646:
177,187
final
1890.
$
.
334,210
94,376
446,369
14,476
175,645
Weeks.—The
1891.
Prev'ly report'd (44roads)
At. Top. A: 8. F. system.
a Whole system. Including Iowa lines.
6 Includes in both years
Boloto Valley Div., and Maryland & Washington Div. (Bhenaudoah
Valley.)
c Includes earnings from ferries, etc., not given separately.
1 Mexican currency.
a Main Line.
Latest Gross Earnings by
Zd week of March.
1890.
341,165
87,088
605,234
14,323
124,915
earnings in the foregoing table are separately
[Vol. LII,.
statement covers 89
1[
Dec. 340,937
Dec.428,856
1,470,917
3,183,007
4,869,118
1,145,647
2,589,407
4,195,784
2,616,564
5,772,415
9,064,902
113,735
41,355
82.702
342,314
57,128
112,267
694,649
82,124
173,900
1,313,632
2,880,362
4,535,304
Dec. 125,870
Dec. 125,977
465,802
581,493
1,310.469 1,069,559
2,010,118 1,735,059
949,066 df. 107,009 def.71,978
2,100,322 def. 96,192 df.105,146
3,474,918 def. 86,324 df. 133,632
393,824
474,484
2.262,697
964.412
4,980,683 1,214,2/7
8,010.222 1,923,794 1,601,427
46,959
44,755
97,4;j9
11,584
21,123
16,572
22,715
43,570
33,462
70,773
142,814
153,214
5,535
3,534
48,418
2,241
5,775
100,035
188,979
232.656
621,622
69,200
•33,900
* 75,900
172,500
21.173
28,490
60.387
42,901
1 29,761
60,011
After deducting proportion due roads operated on a percentage
basis, net in February, 1891 was $509,239, against J507.193 in 1890
for 2 months to February 28, $897,010, against $930,019, and Oct. 1
to February 28, $2,764,756, against $2,870,071 last year.
,
—
The following roads, in
Interest Charges and Surplus.
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
March
THE CHRONIOLR
28, 18U1.]
<aeT.aii.Cll.4BtL
Fell.
rmtal;
*!.-.
^Bal. of
1891.
1890.
1H9I.
S
•
•
^Intrr't,
364,431
ai9,7&0
24.^,097
48H,»»4
Jan. I to Peb. SM...
July 1 to Fob. 28. . 1,977,:J78
2,0i8.976
Tenn.Co»lAlronCo*.Feb
Jan. 1 to Feb. 28
*
Strike iB
Karn:—,
Het.
I81I0.
«
30,700
111,018
(t6,0S0
138,391
944,072
Mef. 2,100
3.900
902,:J73
:J3.200
101.,'>00
January and Fcliruary.
ANNUAL REPORTS.
Laki> Erie
CFor
& Western
the year ending
Railroad.
December 81, 1890.^
Tiie annual report of President C. S. Brice rcmarljs that
the fundoil debt ha.s been increased |1, 830,000 the past year,
these bonds havint; been isstied for the purcliase of tlie Fort
W.iyne Cincinnati & I^uisville Railroad, 133 miles, which was
concluded in June, 1890. " There is a small remainder of the
obligation of that company still outstanding, so that the cost
of the road cannot be exactly stated but it will be within
The difference between the cost and the bond
$2,000,000.
issue, stated above, has been paid from the surplus fund, and
by borrowing from the betterment and equipment fund of
the Oeneral Manager, for the replacement of which future
provision sliould be made."
The report of the General Manager shows in detail the results of the year's operation. The property has been materially
improved, and there was expended for betterments, in exceas
of the amount necessary for actual maintenance, about
497
the usual amount having been put in tho track during the
year 18H9. Considerable repairs have been ma<la on the rollIiig stock of the company, and it has been maintained inaaan
emciont condition as its constant use [XTmitted.
There was expended during the year the sum of $70,827 for
construction and improvement, and $4,696 for equipment, a
total of $81,02:1, which has been charged to the capital account
of thecompany-. The principal items were $19,217 ror additional
sidings and $53,756 for new bridges. This about complete*
the reconstruction of the bridges on the line of foad, all of the
former w(K)den bridges, and such of the combination bridges
as were not deemed strong enough for the increased weight
in locomotives, having been replaced with substantial iron
structures, built upon the latest and best specifications in respect thereto.
The report says that there is a steady development of local
industries along the line of road, and to this is attributable
the increase in freight earnings of $19,519 over last year.
The earnings and expenses, and the income accoimt, for
four years were as given below:
;
EASNIKGB AKD BXPBNSEB.
1887.
Eaming$ from—
Freight.
MaU, express,
Ac
Total earnings
Operating expenses
Net earnings
;
;
232,524
849,688
32,801
9
228,564
734,143
45.982
1,115,073
1,008,689
706,219
408,854
1889.
1890.
S
$
222,245
549.462
44,122
.
207,748
568,981
30,600
685,756
815,829
533.590
816,329
503,285
822,933
282,239
313,044
IKCOME ACCOCKT.
9323.000.
The freight traffic
shows an increase of 23-17 per cent in
the tonnage the earnings an increase of 15-24 per cent the
earnings per ton per mile a decrease from 'OOTIS to -OWn.
The passenger traffic shows an increase of 17-84 per cent in
the number of passengers carried, an increase of 15*38 per
cent in earnings, and about the same rate per passenger per
mile. Notwithstanding the further decline in rates, the ratio
of operating expenses to earnings shows a decrease, viz., from
60-69 to 58'51, showing that rigid economy was practiced in
the operation of every department.
The income account, after charging to it all disbursements
for new construction, betterments, new equipment, interest,
rentals, taxes and dividends paid, shows a net gain for the
1888.
9
Passengers
1887.
1888.
9
Net receipts
1889.
1890.
S
fb
ft
417,999
328,520
292,073
324,996
Taxes and miscellaneous.
196,920
19,167
40,968
196.920
60,254
44,845
196,920
41,581
41,189
196,920
54,149
31,134
Total disbursements
Balance, surplus
257,046
160,953
302,019
26,501
279,690
12,383
282,203
42,793
(Inc. miscel.).
DWmrtementt—
Interest on bonds
Rentals
Detroit
CFor
Lansing
& Northern
the year ending
December
Railroad.
31, 1890.^
The annual report states that " the operating expenses for
somewhat In excess of 1890, by reason of increased charges for terminal facilities and a larger amount of
year of $99,547.
"
The development of the steel rails required. The directors declared no dividend upon
The report concludes as follows
oil and natural gas fields continues, and many manufactories the preferred stock from earnings of 1890, as the financial
of a permanent character, furnishing large tonnage, both in condition of the company did not warrant it for, as stated
and out, have been added to the cities fortunately located in previous reports, advances of some $183,000 for completion
within this area. The policy of your company is to co-oper- of the Grand Rapids Lansing & Detroit Railroad and deficit
ate practically and heartily in all measures to encourage the for previous years in earnings of the Saginaw Valley & St.
growth and develop the prosperity of its tributary territory.
Louis Railroad, amounting to $93,000, have created a floating
" The stockholders at their meeting, June 28, 1890, author- debt which we have no means of discharging otherwise than
Cincinnati
LouisFort
Wayne
&
of
the
acquisition
from tho earnings of the property. The Grand Rapids Lanized the
ville Railroad, the Indianapolis & Northeastern Railroad, the sing £. Detroit Railroad has proved to be a most important
extension of your line from Minster to Piqua, and also the addition to our system, and tne Saginaw "Valley & St. Loaia
creation of obligations which would enable your company to Railroad has, from i's earnings during tho p ist year, combuy the additional equipment which, as will be seen by his menced ared ictioa of its debt to this company."
report, the General Manager urgently recommends. Your
Earnings and income tor four years, compiled for th«
board, ho.vever, has not, as yet, thought it wise to take action Chronicle, were as follows
on any of these subjects, except the pun.-hase of the Fort
VISCAI. BEStTLTS.
1891 will be
:
;
Wayne
Cincinnati
&
Louisvillo Railroad."
The operations, earnings and ciiarges have been compiled
for the Chronicle as follows (including the Fort Wayuu Cincinnati
&
Earnings—
Ptt-'BPUger
Louisville in 1890):
.'"rulsbt
OPBRATION8 AKD PlgCAL BE8DLTB
1888.
Boad
HlloB of road operated....
operated,
Oprrationa
—
mUes
589
1,00.5,881
Paiwenxcrs carried
Pwiwuier mileage
26,154,028
Hate per pi SBcnjier per mile...
2'3.S cts.
1,1H7,315
Freidfitt on.") moved
160,731,024
t-wiKlit lUinsi mUeatte
0'88 ctg.
AviTiKo rate per ton per mile.
Earnmas —
PagRCnmr
FrelKbt
Hail, express.
I'W.
1839.
722
5t>i>
1,005,059
1,1^5,4.?!
2(;,S14,:»87
30,S."):!,729
2-4(J cts.
2-Wcl9.
Ac
Total gross eimlngs
Expinsoa and taxes
Netearnlngs
Pero'tof exp.
$
Total
Ket earnings
18.^0.
324
9
324
9
41^,964
E65,J10
57.62«
461,652
604,887
65,447
474, 25
1.131,986
61i6,H.5
1,041,SOO
720,630
806,U24
1,2!9,663
8. C-ioe
451.045
60-68
321,170
60-17
325.062
71-28
392,797
67'7»
mCOME
C7!>.!i:»
06.459
ACCOUNT.
1888.
1889.
451,045
321,170
325,062
302,797
273.697
230,465
310,.540
331,774
318,639
331,774
31<>,63S
1887.
1S90.
s?
631,660
073,4=3
S30,961
1,260,099
l,.575.24a
1,91.^,^0,5
270.030
26H,872
3-.:".'!72
Not earnings
DUtt'iritivunti-—
Intoiest
2,517,601
298,015
309,426
740,536
211,751
295,684
219.641
-
85»,4ici
l,0:li'.2ti2
246.472
29."/,761
1,450,728
708,061
1,621,296
3GC.^96
2.'>(
.768
896,;«)5
'15.286
1,129,152
1889.
18m
INCOMB ACCOtniT.
87,850
3.074,43t*
2,167,789
1888.
1889.
324
9
1,147,100
toeai-nlugi,.
Dhldoiids*
Total earnings
Operating expmaet—
Mafiitcnanoe of way
Malnt ol oars and motive power
TransporCitlon expenses
General, rent.ottr'k8,taxeB,&c.
1888.
321
9
389,611
704,336
53,213
l,71i»,-<.S8
1,396.354
220,440,237 268,120.S47
0*715 cts.
0"677 ots.
$
&0
Hall, expres!<.
1887.
Total disbursements
Balance, surplus
*
In 1887, 7 on pref. and
304.162
398,396
dt.53,117 det.77,226
3H on
def. 6,712 suz.74,16A
com.; In 1888, 3>« on pref.
1,
Ket earning
708,061
890,.303
1,129,152
Intereat on bonds
Si vldendnn preferred stock
Kate of dividend
Betterments
296,000
290,000
118,400
332,7.50
302,077
Total
Snrplus
598,077
109,984
855,601
40,704
1,029,606
99,546
GENERAL INVESTMENT NEWS.
Called Bonds.
—The
followmg bonds have been called for
payment
Cornwall
ft
Lrbanon Car Trust Certificates, to be paid
Company for Insurance o:x
473,600
at the office of the Pennsylvania
ct.)
(••POt-'
441,201
223,256
Lives
Granting Annuitie.-^, No. 617 (Jh..'8tnut Street, Philadelphia, on April 1. l-jill, interest ceasing that day, 7 cenidcates of $1,000 each, viz.:
Nos. 12, 95, 140. 15.'. 131. 196 and 199.
Louisville <K Nasuv.lle.—Cecelia Br.'.nch first mortgage 7
per cent bonds d.ied ia7/, due ijlun-n i, »iK.<, -o oc ^«j.,i .it
Trust C<.mj.a.i« of New York, ou
gar at the otfi-je of tlie Uui
eptember tirst, 18«1, luierett ceoamg that day, 36 bouds uf
$1,000 each, viz.:
Nos. 15. 53, 75, 94. 160, 220. 318, 339, 418, 490, 408. 409, 6«5, 602,
612, 621, 643, 730, 732, 770, 789, V97, 837, bu3, 878.
(1
p
EllzabethtoTTu Lexington & Bi? Sandy Railroad.
(For the year enditu December 31, \%W).)
The President's report hhows that the operating expenses
absorbed 61-65 per cent of tho gross eoriiinga, and were
$80,305 less than in the preceding year. A considerable Wirt
of this reduction arises in the item of new rails, more than
&
m
THE CHRONICLE.
498
Sabina, Clinton Co., Ohio.— $5,000 " natural-gas wells'" bonds are
proposed.
,
^
ST. PAUL, MINN.— Certificates of indebtedness are proposed.
New sewer bonds are proposed.
SALisnuuY, N.
proposed.
Shereuhne, Minn.— Bridge bonds are
South Orange (Village), N. J.— $60,000 sewer 5 per cent bonds, due
July 1, 1911, redeemable after July 1, 1896, af par. Bids will be
received till April 16 by A. C. Babson, &c.
Springfield, Mo.— $150,000 sewer4it per cent 5-20 bonds. Bids will
be received till May 5 by G. W. Haekuey, City Clerk.
Tiffin, Seneca Co., Ohio.— $2,500 Eock Creek bonds are proposed.
Toledo, Ohio.— $10,000 patrol-bouse bonds are propo.'-ed.
Tower. Minn.— Street railway aid bonds are autborized.
Van Wert (Village), Van Wert Co., Ohio.- $135,000 water-works
bonds arc proposed.
Wauseon (Village), Ohio.— $7,000 street-Improvement bonds are
proposed.
Williams Co., Ohio.— $10,000 "Memorial-hall" bonds are proposed.
Wkigiit Co., Minn.— Bridge bonds are authorized.
Xenia, Ohio.— $1,000 Soldiers' & Sailors' Home bonds are proposed.
due June 1,
General mortgage 6 per cent bonds, dated 1880,
of the com1930 to be paid at ItO on presentation at the office
1891, interest ceasD^v No 22 William Street, on June first,
numbers of these
ine "that day 173 bonds of $1 ,000 each. The
to-day s
bonds will be found in the advertising columns of
Chronicle.
to issue
Central New England & Western.-It is proposed
for !53,uw,a general mortgage 100-year 4 per cent gold bond
sixes, the
OW The bonds wiU be used to retire $2,500,000
also to retire
holders having assented to an even exchange
fives either at
the $700,000 Hartford & Connecticut Western
§700,000,
maturity or before, \o provide for the floating debt,
and the requirements of the company.
expenses
Louisville St. Lonis & Texas.—The earnings and
,
.
C—
;
;
in 1890 were as follows:
Gross earnings
Operating expenses
[Vol. Lll.
RAILKOAD AND MISCELLANEOUS COMPANIES.
American Wringer Company. — 2,000 shares
*224'57i
^^t-^i
of preferred and 5,0f o
shares of common stock are oiTered for subscription at par 1 7
Messrs. Wilbour, Jacsson & Co. and Mr. Henry Pcarce, Providence,
B. I., and others. Full details regarding the company, and teimg
of subscription, will be found iu our advertising columns.
Brooklyn & Eockaway' Beach KR..— $350,000 consol. 6 per cent
Sfl^l.llO
Net earnings
of the bondholders' trust
were nomiof the Mexican National Railroad eight directors
on
nated as follows, to be voted upon at the annual meetmg
EckApril 6: William G. Raoul, J. A. Horsey, C. C. Beaman,
the
Norton, William Mertens and G. J. Wetzlar of
Mexican National.— At a meeting
bonds have been authorized.
Interior Conduit & Insulation Co.—$300,000 stock is offered ff r
subscription by the company till April 4 at $75 per share. Fill
particulars as to terms, <&c.,are given incur advertising columns.
New York & Long Island KR. Company meets on April 15 to
increase stock to $10,000,000 and authorize $20,000,000 bonds.
North Carolina Steel & Ikon Co.— $300,000 stock is ofi'cred at par
by Messrs. Latham, Alexander & Co., 16 and 18 Wall St., N. Y.
PrrTSBURG & Wi stern ER.— $3,500,000 new 5 per cent 2d mortgage
bonds are proposed.
Poughkeepsie Bridge Co.— A bill has been Introduced in the legisla-
stein
—
ot
United States, and Emilio Velasco and William Landa
Mexico. Messrs. Mertens and Wetzlar take the place of Lloyd
Aspinwall and George Coppell.
New Bonds and Stocks Authorized or Offered.— The following is a list of new issues of securities now offered for sale, or
600n to be offered
STATES. CrriES. COUNTIES, &C.
are
ALi-iAN-OE, Stark Co., Ohio.— $50,000 street-Improvement bonds
•
ture to allow the issue of $5,000,000 preferred stock.
is offered at $20 per share by the
President, 90 and 02 Broadway, N. Y". Full particulars are given
In our advertising columns.
Rio Grande Wk.stern RE.— 12,500 shares of the 25,000 shares preferred stock liekl in the treasury are offered to comm in and prefeiTed stockholders of April 5 at $65 per share, the right expiring
April 15.
Unadilla Valley Railway.—Company meets April 15 to authorize
$250,000 1st mortgage bonds.
Waco (Texas.) Water & Light Co.— $500,000 6 per cent bonds are
to be issued.
Standard Chemical Co.— Stock
:
proposed.
Anuka Co., Minn.—New bonds are proposed.
Arovlk (Vh.i.aoe), Marsiiali- Co., Minn.—New bonds
arc proposed.
ASHLAND, AsiiLASD Co., OHIO.—$200,000 improvement bonds are
contemplated, and $100,000 to encourage manufactories.
Blo'imfiei-d (TowssHir), Trumbull Co., Ohio.- $3,500 town-nail
bonds are proposed.
j
.
^^
,
Bristoi, Tenn. $200,000 general improvement bonds are autnorizea.
Brooklyn, N Y.— $2.'50,OUO scliool bonds are to be issued.
Brunswick, Ga.—$22.=),O0O 5 per cent bonds, due Jan. 1,1921. Bids
will be received till April 15 by M. UUman, Brunswick, Ga.
Canfield, Mahoning Co — $2,000 bonds are autliorized.
Carrollton, Carroll Co., Ohio.— $5,000 general-improvement bonds
.
New York
— Comptroller
are contemjilated.
Myers received bids
dock bonds, due Nov. 1, 1922, and
bearing 3 per cent interest, and $139,564 of 'consol iciated
stock " schoolhouse bonds," carrying similar interest and falling due Nov. 1, 1908. Altogether $3,160,000 of the dock bonds
were bid for. Awards were made to the highest premium
bidders as foUows
$250,000 at 102-475, $200,000 at 102-178,
posed.
$200,000 at 101-676, $2C0,000 at 101-584. and$200,000 at 101-285,
all to Blake Bros.
Co.; $100,000 to Harriot & Groesbeck at
102-38, and $50,000 to Andrew H. Green, executor, at 101-50,
and $50,000 to A. H. Green, trustee, at 102. Of the schoolCo. at 100-965.
house bonds $139,000 went to Blake Bros.
Charlotte, N. C.—f500,000 improvement bonds are proposed.
CuETENSE, Wy.— $65,000 viaduct bonds are again ottered, the bids
having been rejected.
Cherokee Co., N. C—$30,000 30-year 6 per cent bonds are offered.
Cleveland, Ohio.- $20,000 police-station bonds are proposed.
Cleveland, Tenn.— Streetrimprovement bonds are authorized.
Culeqrave, Lawrence Co., Ohio.—$4,000 town-hall bonds are pro-
:
&
Columbia, Mo.—$35,000 water-works and electric-light 5-20 5 per cent
bonds, redeemable after 5 years. Bids will be received till April 1
hr R. J. Bouchcll, Chairman Board of Trustees.
CuVAUOGA Co., Ohio. $75,000 deficiency bonds are authorized.
Daytox, Columbus Co.. Wash.- $75,000 water-works six per cent
bonds, due May 1, lull. Bids will be received tlU May 1 by C. F.
&
—
Stock Exchange— New Securities Listed.— The
Governing Committee of the New York Stock Exchange
have listed the following
Beech Creek Railroad Company.— Stamped guaranteed bonds
New York
:
Miller, City Clerk.
Desuler, Henry Co.— $2,000 bonds are proposed.
EDiSi'N, Morrow Co.. Ohio.— $5,500 town-ball bonds are proposed.
Elbow Lake, Mixn.—New bonds are proposed.
FairmoHT, Minx.— New bonds are proposed.
Franklin Co., Ohio.— *50,000 Alum Creek bridge bonds «re proposed.
.
—
April 18.
Mauonixo
Co., Ohio.— $25,000 "dcBcieney" bonds are authorized
and $0,000 bridge-improvement bonds are proposed.
Mansfield, Ohio.— $100,000 general-improvement bonds are to be
'
Marlborough, MASs.-$125.000 4percent sewer bonds, due April 1.
1911. Bids will be received till March 31 by Wm. A. AUev Citv
"^.v^^ij
Treasurer.
Memphis, Tenn.-$1,000,000 street^aving,
MONTGOMERY
CO.,
coupon and registered the plain bonds to be stricken fi'om the lists
The common stock ordered to be increased from $3,700,000 to $5,000f000 and to be called common stock guaranteed. The preferred stock
was ordered to be stricKcn from the lists.
Chicago & Erie Railroad— $137,000 additional first mortgage 4-5
;
FLU8IIIXG (Village), L. I., N. Y.— $45,000 school 4 per cent bonds,
due 1907 and annually thereafter. Bids will be received till March
30 by (}. E. Carll, Treasurer of Flushing.
Fort worth, Texas.- t270,000 sewer, street and building 5 p. c.
bonds, due March 1 1921. Bids will be received till April 20 by Mr.
J. P. .Smith, Mayor. For full particulars see advertisement in
another column.
Gallatin, Tenn.— $10,000 street-improvement bonds and $10,000
electrie-ltght bonds are proposed.
GaTlORD (Villxg.), Sibley Co., Minn.— New bonds are authorized.
Gloucester, Athens Co., Ohio.— $10.000 school 6 per cent bonds, redeemable $400 per annum. Bids will be received till April 20 by
C. E. Campbell, Clerk to Board of Education.
OnrKFiN, Ga.— $10,000 school bonds are proposed.
Hamilton Co.. Ohio.— .$00,000 Longview Asylum bonds are proposed.
Henderson. Minn —New bonds are proposed.
Holgate, Henry Co.,Ohio— $10,000 school bonds are contemplated.
Humboldt, Tenn.— New bonds are proposed.
Jo ixsos City, Tenn isiOO.OOO sewer bonds are proposed.
Kisr.sTox, Tenn.— Bonds for electric lighting are authorized.
1, VDONIA. Tex.— $10,000 school bonds will be issued.
IiEKSBURG, Carroll Co , Oiiio.— $10,000 general-improvement bonds
are projioged.
Xeesburg, Ross Co., Ohio.—$2,500 street-hnprovement bonds arc
contemplated.
Lucas Co., Ohio.— $2,500 "river-road" bonds are proposed.
MCCONVELLSVILLE (VILLAGE), MOROAK CO., OHIO.—$12,000 tOWn-hall
bonds are proposed.
Madisonville (VILLAGE), OiHO.— $2,618 6 per cent bonds, due in one
to te,n years. Bids wlU be received by James Giffln, Clerk, till
MiAML^^nuito,
City Bonds.
for the sale of sr,250,000 of
&e., bonds are proposed
Oiiio.-Eef unding bonds are to be
MILWAUKEE Co., WiB.-$100,000 4 per cout bonds, due Feb. 1. 190G
Bids will be received by C. S. Brand, County Clerk, till April
15
Minneapolis, Minn.— New bonds are proposed.
Kew Lexington, Highlaio) Co., Oiuo.-New bonds for a Uy^m
""„u
hall
umi
arcprpposed.
''^^™°'<^0'' Co., Oui6.-$5,000 school bonds are
^"Tpr^pMe^d.""^'
NlLBS. Xrumbcll Co., Oino.-$50,000 water-works and
$10,000 eieo
eleev'^y.yjyj'j
tric-ligbt bonds
per cent gold bonds, making the total amount listed $10,637,000 {An
abstract of the mortgage was published in the Chronicle, V. 51, p. 9 1 1.
Cleveland Cincinnati Chicago & St. Louis Railw-at (St. Louis
Divisioni— $1,750,000 first collateral trust mortgage four per cent gold
coupon and registered bonds. [An abstract of the mortgaijc was given
in the CiiRuNiCLK. V. 52. i). 42.]
Edisdn General Electrie Company'—.$500,000 additional capita
stock, making the total amount listed $12,500,000.
Laclede Gaslight Company of St. Louis.— $25,000 additional first
mortgage 5 per cent gold bonds, making the total amount listed $10,000,00().
.„ ,
Ljuisville
Nashville Railroad.— $1,750,000 additional Uniflod
flfiy-year 4 i)er cent gold coupon and registered bonds, making the
total amount listed $4,750,000. [An abstract of the mortgage was
given in Chronicle, V. 51, p. 613.]
Madison Square Garden Company.— $1,250,000 first mortgage five
&
per cent gold bonds.
Peoria Water Company.— $1,039,000 6 per cent mortgage gold
bonds of 1889.
Pittsburg Fort Wayne a Chicago Railway-.— $3,624,341 ttdaltional guaranteed special stock, making the total amount listed $14,
401,141.
^
ROME WATERTOWN & OGDENSBURO RAILROAD.— $1,438,000
.,
,,.
addi
making the total amount listed $7,668,100.
Seattm; Lake Shore ,t Eastern Railway.— $5,450,000 first mort-
tional capital stock,
gage 6 per cent gold bonds.
TOLEDO & Ohio CentralRailway.— $3,000,000 additional Common
making the total amount listed $4,849,000.
Pennsylvania. The following directors nave been elected
to serve for the ensuing year: George B. Roberts, Alexander
M. Fox, Alexander Biddle, N. Parker Shortridge, Henry D.
Welsh, William L. Elkins, H. H. Houston, A. J. Cassatt,
Clement A. Griscom, B. B. Comegys, Amos R. Little, W. H.
Barnes and George Wood. Mr. "George Wood, ifie newly-
capital stock,
—
elected
member
of the board,
is
President of the
West Jersey
& Atlantic Railroad Company, and a director in the West
Jersey Railroad. He is an active member of the firms of E.
D. Wood & Sons and R. D. Wood & Co., and was elected in
place of Wistar Morris, deceased.
Pennsylvania— Delaware Maryland & Virginia.—Negotia-
have been concluded between a committee of the Delaware Legislature and Pennsylvania Railroad officials for the
are proposed.
redemption of the Junction & Breakwater and the BreakOttawa, Putnam Co., Ohio.— $5,000 school bonds are proposed
water & Frankford Railroad mortgages. The arrangement
Paulding (Village), Paulding Co., Ohio.-$50,0M
oucoirimproveKt-lmirove- made is that the Delaware Maryland & Virginia Railroad Co«,
ment oonds are contemplated.
Putnam Co., Ohio.— $18,000 bonds are proposed.
into which the mortgaged roads were merged, shall pay off
jiOASOKE, VA.—$421,000 public-huproyement bonds are authorized
the mortgages due to the State of Delaware, and the Philadeltions
Hi.BCH
THE CHROMOLK
28. 1891.J
Baltimore Railroad Company, tho loMee
guarantee tlie caali pavinent and the bonds
&
phia Wilmington
of i\w roads,
Virginia liiulroad. Tl»e latter
of tlio Dolawaro Maryland
contracts to pav in ciisii $51,000 on July I, $17;J.8M on Nov. 1
and also on the "latter date JSSJ.OOO in 3 per cent bonds, redceniil>lf in forty ye^irs. The cash paymuuts are to be applied
hy the State Treasiiror of Delaware to the redemption of Stole
Bliall
&
bonds falling due.
Philnilclplifa * Kpftdlng.—The statement for February
for three months of tho fiscal year shows the following
,
Railroad
Febntaru1H91.
18»0.
•
—
and
:
Dec.
1
to Feb.
W.
—
1H8U-U0.
ISIM^OI.
*
*
1,313,632
l,47q.lJ17
880,424
4,53^,304
2,800.24S
4,H(m.ll8
847,830
465,802
:,735,0S0
105,680
2,010.118
12:m7
581.493
21,259
478,349
602,752
1,840,739
2,149,450
95,370
598:505
51.033
606,1 50
283.764
1.795.514
142.268
1.84t,9»7
693,875
dl.215,528
657,183
df.54,431
2,059.278
df.218,530
Br.l(i2,185
1,145,647
1.164,554
3.474.919
3,394,638
4,195,784
4,195,7
«lf.l5,545
df.18,907
80,281
iso.riss
50,433
„„
67,032
C'oMr'v.
Oross roc'lpt*
Gro.iH expenses
.
2,H5U.()OU
499
Wherra; tin has nUo rncommi^nded, wiib the saio* apprornl, am fuUjr
In tho letter of the PriiMcnt nit ifhr.d hereto, tfie rnnxlriirtlou
only
of a new line over 111!
iit to
excessive grade on
ml
al)out 1067eet. or J
t Uii: sliopii
Whrrrdf, He lian al-o >i cummeudeii fiirlli
nnenta to
nt Halt l.aite city and other Inoreaied fai
jid-llttooa I
tlie extent of say il^no.oiK), In order that all
tonnage may be eeunomlcally and oxiHidiXluuiily haudici; therefore
et forth
•
•
i
i
I
i
>
)
It Is
Ilrtotnerl, That this l)oard will provide the siun of #800,000 to be used
for Hueh further capital expenditures, which are hereby approved
Wherras, The surplus of not earnings, after paying (Ixed cli;iiges, for
,ii the
the llnral year ending.Tnne 30th next Is not likely to
is
equivalent of 5 per cent upon more than Ifl7,.''i0(l.0..0;
n the
Kemlrcii. That It is sound policy to offer to th(^
i..
n
privilege of proviiling this new money by pro rata sjlj-cnii;
r
d
Issue of 12,500 shares from tho reserve of 2.'),0O0 fhare-i of
.tstock now held, at Hiieh price as win promise an advantagi "im uj
retain
all
of
Its
to
bond
reserve
the
company
cnalde
of
also
ment; and
$2,000,000 in the llist mortgage issue of this eoni|>auy ;
/(Mofrn/, That there shn 11 be sold now of the preferred stock In tho
trouaury 12,500 shares and that the said shares he otft red for sut>scrlptlon at *(>5 per share to common anil preferred slocklioIder.H of
record April «th, 1H91, In the proportion of in per cent of tin ir iin k, rjt
holdings; that is, the pre.teut holder of ten shares of tho si
entitled to subscribe to 1 share of new preferred stock no sw
shall be accepteil for less than 1 share, but holders entitled t
shares may subscribe for :i full share.
Jlemlved, ThiJt the stockholders be notified that the books of both
common and preferred stock will close for the above purjioscs on
April (ith. 1891 at 3 P. M., and reopen April 16th, at 10 A. M.. aud that
tho right to subscribe to said now stock will expire at 3 o'clock on
April 15th.
i
i
i
i
.
i
.
Net pnnilnKK
Other uetrcoeli.U...:
Totnl
Pe^anrnTt Imp'm'ts.
P^Sll'a.
yv3Mge^
i:<i>,:i32
<
:
Total
Bulam^e
Coal & Iron Co.
OrosK receipts
OMratiuKMpenses.
Operatiug exi>enges.
.
949,006
9«4,«n
Net enrulngB....
OeriurlColUiry Imp'nts....
reriuaiicnt imp's
Pto'u year's charges
213,912
1,9 87,2 IJ5
4,015,1
1)6
213,.'),-!5
'^'>*?'i'
68.511
68.000
205.532
53,377
204,000
124.044
140.489
156,102
419,444
470,912
.
j
I
.
All stock that may not be taken a3 above by the stockholders has been already subscribed for.
St. Lonis Alton & Terre Ilante.— Cleveland Cincinnati
Chicago & St. Louis.— The option of exchanging St. Loui^
Alton & Terre Haute preferred stock for the new C. C. C. &
^17r.,0C.9
Def.ofCoal&lronCo
„ JW^J-'g^
JJIIJ^h'^
d{.218,5a9
102,185 St. L. four per cent bonds on the St. Louis division has been
df.54,431
•surplus of UK. Co.. df.21.'i,5'.J6
accepted by 8.076 shares. The basis of the exchange being
df.557.702 df.128,139 150 per cent; in bonds to 100 per cent in stock, the result is the
Bal. both Cos... (lf.356,015 df.229,440
the
preissued
to
circular
A
cancellation of $807,600 of preferred stock, and the issuance
PlttsburET & Western.—
ferred stOL-khoIders under date of March 18 says that in order therefor of $1,311,000 of bonds. This leaves in the Alton
to provide funds for recent and future improvements on and treasury $1,539,000 of the bonds, the balance of the $2,750,000
additions to the property of the Pittsburg & Western Rail- allowed in the agreement transferring the property. The
way, it is proposed to create a second mortgage on the prop- bonds were listed this week on the New York Stock Exchange.
erty of the company to secure bonds for §3,500, 000, bearing 5 An abstract of the mortgage was given in the Chronicle of
per cent interest, of which bonds $'2,000,000 are to be issued Jan. 3. The St. Louis Alton & Terre Haute Railroad Company
now and $1,500,000 when lawful authority to do so niav be has not sold, but retains, all of the railroad and terminals
hereafter given. The improvements made and in contem- which it has been operating and using for the last twenty
plation will add largely to the earning capacity of the prop- years, and continues, as heretofore, to operate its leased
erty, and the Pittsburg & Western Railway will be made a lines, forming with its own proprietary line a system of 243
part of the through line of the Baltimore & Ohio between the miles.
coke regions— Pittsburg and Chicago— and also for lake-andIt is reported that Atchison
St. Lonis & San Francisco.
The Baltimore & Ohio Company has purchased has agreed with tlie committee representing the holders of St.
rail business.
six-sevenths of the common stock of the Pittsburg & Western Louis & San Francisco first prf ferred stock to give in exchange
Railway, thereby controlling it. The President, Mr. H. W. for the stock of St. Louis & San Francisco 4 per cent bonds
Oliver, "himself one of the largest holders of preferred stock, witli an adjustment of dU idends partly in coupons attached
advises strongly that the second mortgage be made and that the to the bonds ai:d partly in CEish the cash payment to be about
preferred stockholders request the voting trustees to vote $4 a share. This is not an official statement but is understood
Total
—
—
lor
It.
embody
to
Poiighkeepsie Bridge.— Mr. Osborn. of Dutchess, has introduced a bill in tho New York Legislature empowering the
Poughkeepsie Bridge Co. to issue preferred stock to the
amount of $5,000,000, in $100 shares, in addition to its present
common stock, and giving bondholders the right to convert
the b<}nds of the company, and interest on them, into common
or preferred stock.
Rio Grande Western.— A circular has been addressed to the
common and jjreferred stockholders of this company, by the
directors which refers to a careful and thorough examination
ot the property, and the rich undeveloped country which is
tributary to it, made by the President and both Vice-Presidents
during the months of January and February this year. It isthere
stated "In view of this experience and situation and of the
figures given herewith, they have recommended to your board,
the declaration of regular cash dividends to be pai<l quarterly
:
to the holders of preferred stock, and after careful discussion
of such policy the board of directors of this company have
this day adopted the following :"
Whereat, Tho Auditor's completed statoments of earnings and expenses for the seven months of tho flsoal year to January 31st, 1S90,
ebow
Gross oamlnge
Operating expenses
*^'o?Z'no§
«it,uo^
Net earnings.
Taxes and lusurance, less other income
*5T"'^2n
f 19,379
months o t
rentals and Interest on bonds for 7
f o00,214
„ „ . „„
310,566
Leftves a balance for the stockholders of.
This Is equal to 5 per cent on the present total of $5,000,000
preferred stock, oiit.-^laiullng;
There was paid dividend of 2 hi per cent In stock at par
$'2'19,643
Leaving a balance of
*131,«48
Showing net Income
for seven
From which deduct
months
1
18,400
eqUnI to 2*8 per c<>nt on the outstanding preferred stock, and
Whrifas. The estimated gross earnttiKs for Feliruary aud three weeks
In March (the ixiore.it two months of tho year), show an increase 6f
more than 60 per e<iit over last year, and tho net earnings for the sane
two moiith.s are now estimated to show over 50 per cent of increase;
therefore.
It la
,
^.
Itesoltcd. That a dividend of 1 H per cent in cash bo decl«rerl for toe
quarter ending March 31st, out of the net earnings of the company,
payaljle .May 1st. 1891, to preferred stockholders of record ni the
closing ot the hooks on April *Jtli aud
WAfrco*, The (ieiieral Manager, has. with the approval of th.- other
oiftoers. made ru<iui»)tion tor new equipment to the extent of >1-'O,*m:)0
in order to prepare tor the prosiKictive further increase of bu.'jmcsa this
year; and
;
the essential
fai ts lo
oe officially ratified later.
Aransas Pass.- The Reorganization Committee of the San Antonio & Aransas Pass Railway Co. give
notice that they now control the unfunded debt of the company (including liens upon the roa' branches, terminals and
San Antonio
<&
,
stock claimed to be prior to the mortgage), the capital stock,
income bonds and a majority of the first mortgage bonds.
They notify holders of 1st mortgage bonds not yet parties to
the plan of reorganization that they are required to deposit
their securities with the Central Trust Co. on or before April
10 nest, after which date securities will be received in the discretion of the committee and under such penalties as they
all
impose. Central Trust Company engraved, ceri,iflcate^
be issued to depositors and ajnjlication has been made to
list them on the New York Stock Exchange.
At an adjijurned meeting of the holders of tho San Antonio
& Aransas Pass first mortgage bonds of 1885, held this week at
the office of Coffin & Stanton, No. 72 Broadway, $700,000
bonds out of a total of $1,700,000 was represented. It was decided to co-operate wiih C. W. Armour, of Kansas City, in
the suit to foreclose the first mortgage bonds, which suit has
already been begun. No new plan of reorganization was discussed. This issue of 1885 covers the first mileage tliat was constructed, viz .from San Antonio to AransasPass, 150 miles,
and it is claimed by the bondholders that this mortgage is not
only a first lien on that line but on all roads stibsequently ac-
may
will
:
quired.
Texas Central.— Holders of two-thirds of the Texas Cenfirst mortgage bonds having signed the bondholders'
agreement, the committee gives notice that any who have not
sigrned it and deposited bonds in the Farmers' Loan & Trust
Company should do so at once to be entitled to its benefits.
Wabash.— A press cable dispatch from London. March 84,
said
The stock and debenture holders of the Wabash Road
tral
:
statement of President
Ashley. It was resolved to appoint a committee to supervise
the interests of the bond and stock holders in England, and to
control the voting power of the securities. It was further
advised that the proposed Detroit & Chicago line be postponed
until the earnings of the road improved to such an extent as
>
to justify the expenditure.
Western New York & Pennsylvania.- Notice is given that
met
this afternoon, in order to hear the
the interest on the second mortgage bonds, of this company,
due AprU 1. 1891, win be imid at the office (Mills Building,
New York,) in scrip at the rate of 5 per cent p^r annum.
TBE CHRONICLK
500
Friday. P. M.. March 37, 1891.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 100,803 bales,
The Movement of the Ceop,
37, 1891.
very
To-day (Good Friday) is not a legal holiday, but it is
principal
generally observed in speculative circles, and all the
exchanges are closed. The weather has been quite springsnow-falls in
like, but at the close we have reports of heavy
and the temregion,
trans-Mississippi
of
the
latitudes
middle
perature is low. Trade shows indications of decided improvebe expected to develop the activity of the
The speculation in food stafull tide of the spring season.
ples was very active and excited early in the week, and prices
ment, and
may now
advanced sharply, but it became quieter and prices partially
receded. The markets for money and exchange are without
features of importance. Some progress has been made in the
adjustment of labor troubles, but several disputes are still
against 93.675 bales last week and 87,541 bales the previous
week, making the total receipts since the 1st of Sept., 1890^
6,202,990 bales, against 5,570,370 bales for the same period of
1889-90, showing an increase since Sept.l, 1890, of 633,620 bales.
at—
Receipts
New
Orleans...
712
the selling
movement became
general,
and
prices
Thur.
6-67
tH.
6'75
6-91
o
rapidly decUned.
oAHiT oLoarao frioes of lakd fotobbs.
April delivery
May delivery
o.
o.
June delivery.
c.
o.
o.
o.
July delivery
August delivery
September delivery
Sat.
ifon.
Tuet.
6-73
6-79
700
6-94
693
704
716
7-29
Wed.
6-77
6-83
6-95
7-08
7-21
7-33
696
711
7-04
7-17
7-29
7-40
7-51
Bavaunah
7-23
7-38
7-49
Pork advanced and then dechned.
703
7iS
Yesterday was fairly
;
;
;
:
;
Maroh
AprU
17-500.
I
May
17-200.
1
June
16-86o. September
15-90c
17-36C July
16'60c. October
15-35c.
August
16-35o. December
14-45c.
showing in the early months a decline for the week of 35 ^
@ 45
points and for the late months 15(230 points.
Raw sugars were active yesterday at full prices Muscovado,
89 deg. test, sold at 5%c., and centrifugal, 96 deg. test, at 3-463
8-60c. short price and 5 13-16c. long price.
The speculations
in raw sugars for future delivery were slightly firmer yesterday
owing to the better spot market, closing] at 3-48@3-54c for
April, 3-60@3'62c. for May, 3-70@3-73c. for June and 3-74@
8"78c. for July.
Refined sugars are steady
granulated for
April quoted at 4J^c. Molasses dull. The tea sale on Wednesday went off at firm prices, and at private sale the market
IB more active and firm.
Kentucky tobacco is quiet; prices are steadily maintained
but there is no urgent demand from any quarter. Seed leaf
moderate demand, but not so active as early in the monthsales 1,170 cases for the week, as foUows: 250 cases
1889 cron'
Pwinsylvania seed, 12J^@15c.; 100 cases 1888 crop, do.,
1 rift r'a
aaa 11889
mQQ crop,
nft^-w^ Vtn « -,
1
:_ tt
-n» >_ £
J_ U\4c'_ /^
cases
150
Pennsylvania Havana, 133^® 38c.; 385
cases
1889 crop, Wisconsm Havana, 7@13i^c.; 150 cases
1889 crop.
State Havana, 14@38c.; 135 cases 1889 crop.
New England
Havana, 16@50c., and 150
'""
"" "'
bales Havana, 70c.@$l 15.
Total.
2,313
7,434.
103
103-
1,710 16,695
4,641
8,748
3,473
39,740
696
241
146
91
205
132
1,513
3,617
4,236
1,797
2,240
1,968
3,219
17,077
1,792
3,603
802
1,405
2,235
439
114
9,961
430
174
674
77
412
393
132
439
1,085
1,694
1,621
638
2,160
5
6,716
715
114
261
1,266
3,308
874
893
276
728
119
874
7,276
2,208
5
881
618
797
334
1,433
1,446
1,422
1,081
1,000
365
71»
220
307
321
55
88
88
92
698
PliUadelpli'a,&c
728
1,1 4»
Totals this week 14,510 15,701 24,081 13,950 17,371 15,190 100,803
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
the stock to-night, compared with last year.
This
Week.
27.
New Orleans.
Mobile
Florida
3avanuali. ..
Bruns., &o.
Charleston ..
P. Royal,Ac
Wilmington
Wa8h'tn,&o
.
Norfolk
West Point.
NwptN.,&c
New York.
.
Boston
Phll'del'a,
Sitiee Sep.
1,
7,434
103
39,740
1890.
,855,614
15,890
317
132
,020,966
439
173,266
444,578
687
181,039
3,744
574,618
312,719
87,414
110,061
88,086
47,916
41,019
9,951
2,160
5
6,716
3,308
874
7,275
2,208
..
728
1,140
100,803 6,202.990
Totals
1,
5,058
17,077
Stock.
Since Sep.
This
Week.
926,558
23,593
276,203
34,856
1,513
Ac
Baltimore.
1889-90.
1890-91.
Receipts to
200
1,100
4,029
387
1,560
4
117
2
2,498
1,381
711
1891.
1889.
823,368
23,017
1,862,998
232,439
30,022
907,053
161,646
313,680
1,800
132,014
3,734
388,976
317,238
53,540
104,421
66,451
39,694
8,640
292,104
31,464
157,662
15,240
61,058
1,176
37,233
19,826
9,139
5.285
22,856^
900
3,048
134,791
7,600
82,198^
65,769!
41,065 5,570,3701
655,651
810
538
5,649
14,699
5,570
140,440
9,000
6,652
6,522
2,403
1,384
3,214
1890.
3,214.
18,830
403,373
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.'
I
Receipts at
—
1891,
1890.
1889.
1888.
1887.
we
1886.
|
Galv'ston, &c
5,258
15,890
119
306
284
302
871
Norfolk...
Wt Point, &o
All others.
7,537
39,740
1,513
17,077
9,951
2,165
6,716
4,183
11,922
2,498
2,092
9,298
3,319
9,957
12,984
1,160
1,804
5,898
1,516
1,880
10,090
9,52T
10,813
Tot. this week
100,803
41,p65
51,673
33,396
34,115
59,096
New
Orleans
Mobile
;
Savannah.
Charrst'n,&o
Wiim'gt'n.&o
;
m
'
^^% ^^^^
^^^^ tin ^^ advanced, with
o.l^
MlM yesterday off^^„!^*°K®'
130 tons at 30-30c. for March,
20-25c.a
20-30C. for April and 20-30c. for May, closmg
firm b'utquietef.
entirely nominal. Domestic lead
WmP?,Pf^'^.^?S'''"°Tv.^'^
18 firmer at 4-40c. on the spot, with a
sale yesterday of 1^
tons for June at 4-50c. The interior iron
markets remain duU
but the general demand
a small way improves
m
somewhat
'l^°t«<*
** 7-30C. in bbls., 9-30C in
^^V^^^>^ 6-75C., crude 6-95c. in bbls.
b
Ta?S^
and
Id
4-40c. '° bullf
crude
certifirarM close
nlrm^ at
ot 73c.
n^^
t^ 2"
certificates
.'
It is said
11
f.,„*
S"'
that weUs
Russia have flowed much more freely
of
Spu-its turpentine 18 dull at 403^®
41c.
Rosins are finn
^'^^^A^^°^^T,l^
cases
^'^^-.'^ '*"^^=
;
iX
W
317
4,029
1,564
2,217
16,653
5,319
13,704
1,394
3,105
1,482
2,077
13,507
1,014
2,262
1,467
640
3,216
1,524
4,580'
16,98»
1,53T
6,076
5,364
3,349
BlnceBept.!. 6202,990 5570,370 5226,837 5094,037 .5040,883 4850,597
The exports for the week ending this evening reach a total
of 101,964 bales, of which 56,089 were to Great Britain, 9,459
to France and 36,436 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1890.
•
m
m
Fri.
Wa*'gton,&c
. .
active at a reduction, quoted at $11 50 a $12 for old mess, $13
@|13 50 for new mess, $11 25v8$ll 50 for extra prime and
$13 50@$13 75 for clear: Beef is in moderate demand extra
mesB, $7 50@$8 packet, $8 50@$9 family, $10®$!! per bbl.;
extra India mess, $14@$16 50 per tierce. Beef hams firm but
quiet at $17 50(ai$18. Cut meats are higher, but yesterday the
market was dull and weak closing quoted as follows Pickled
bellies, 5J^@6c., pickled shoulders, 4J^(S43^c., and hams, 8@
SJ^c. Smoked shoulders, 53^((»5J^c., and hams, 9@9i^c.
Tsdlow is quiet and easier at 5 l-16c. Stearine is quoted at 7J^
@7%c. in tcs. and oleomargarine firmer at OJ^gOJ^c. Butter
duU at 27r8i33c. for creamery. Cheese is firmer at 10^@12i^c.
for State factory, full cream.
Coffee on the spot closes dull at 19c. for No. 6 Rio. There
Mild grades were also quiet. Maracaibo
is no No. 7 offering.
Bold at 21c. for good Cucuta. The speculation in Rio options
was yesterday at drooping prices, in sympathy with depression
in European markets. The close was quiet and steady, with
sellers as follows
16
134
PortBoyal,&o
Wilmington
Galveston
El Paso,&c.
7-26
Thurs.l
2,153
Brunsw'k, &o.
Cliarleston
March
»
B
342
Florida
.
when
Wed.
Tues.
1,898
4,473
Mobile
West Point.
Lard on the spot advanced sharply early in the week, but
N'wp'tN's,&o.
the rise was chiefly in sympathy with the speculative market.
Business was at no time active, and prices fell away quite as New York
rapidly as they advanced, the market closing last evening Boston
doll, at 6-20(a6-30c. for prime City and 6-65(a6-70c. jor prime Baltimore
Western, with reiined for the Continent quoted at 7-15c.
The speculation in lard options has been very active and ex
The transactions for the week aggregate about 110,000
cited.
The market was very buoyant until Tuesday morntierces.
Mon.
Sat.
Galveston
El Paso, Ac...
Norfolk
pending.
ing,
LII.
COT TON.
(^ommtvcml "gimts.
COMMERCIAL EPITOME.
glxje
Feiday Night, March
[Vou
Week Endlnt March
Exported
Exports
—
27.
to
from—
100
Galveston....
New Orleans.
Mob. ftPenc'la
8.316
11,998
8,602
49,203
3,000
3,600
Charleston
12,B»8
16,760
3,200
18.950
3.910
6,369
—
Wilmin^on.
.
Norfolk
Point...
N'portNw8,&c
New
Sspt.
'
Savannah
Brunswick
West
*yom
1,
1890, to Mcli. 27, 1891
Exported to—
Oreat
Conti- Total
Great
BrU'n. ^artce „^^_ Week. Britain, 'ranee
York..
Boston
Baltimore.
PhUadelp'B,&c
Toul
Total. 1860-90.
14,607
3.280
1,89»
671
680
3,960
671
480,008 24,933
717.731 368,888
71,367
127.621 37,687
98.630
121,600 16,330
96.738
1.617
217.636 11,519
121,580
70,273
376
889.169 81,026
144,650
19.361
17,711
Oontt-
„^^
Total.
99.868 601,809173,230 1,619.819
71,867
669,682
891.371
121.996
23.366
208,782 316,712
68,180 160.666
13,919 803,096
81,780 166,310
70,619
162,187
6,111
62,667
1,911
622.681
119.791
1J;5,13T
19,665
66.069
9,459
86,436 101,964 2.709.107 195,797 1,560,661 1,766,556
31,496
7,810
26,8881 60,193 2.510,617 153.896 1,110.611 1.105.067
March
THE CHRONICLE.
28, 1891,]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports iiainod.
New York, which are prepared for our special use by Messrs,
Lambert, 84 Beaver Street.
Carey, Yale
601
The Sales and Pbioes of FuTuacs sr« ihown by
tbs
following comprehensive table:
We
y
&
On
Uanh
Other
France. Foreign
Ooatt-
1,470
2,710
2.300
3..'>00
4.944 2!<,404
None.
2,008
None. 10,000
None. 11,800
None.
None.
1.000
None.
8.800
8,000
900
None.
1,700
3.000
1891...
85,480
5,844
Total 1890...
Total 1889...
39,845
42.447
4,617
8,632
Ortat
Britain.
21.602
9,788
None.
6,700
None.
irew Orleans...
Galveston
Barannah
.. ..
New York
Otber porta....
TOUl
HI
B.pK
Leaving
27 at-
Charleston
Hobllc
Norfolk
<e8
Shipboard, not eUartd—fbr
Slock.
Total.
viee.
None.
None.
81.840
14.806
12,300
18.400
None.
8.500
8.400
11,000
240.564
28,188
48,788
18.838
31.464
9.199
132.040
27,959
82,672
7,680
121,046
534.00S
27,348
29,694
7,621
13.949
79.031
94.722
324.342
490,224
200
None.
1,000
33
I
.
—
0000
-5-j
00*'
^
2
"
«.»;
1
o
ooooooo
obcc
Ordinary
Btrlot Ordinary
Good Ordinary
Btrict Good Ordinary
Low Middling
Btrict Ix)w Middling
Middling
Good MiddtlDK
Btrict Good Middling
Middling Fair
^Xti,
Low
Middlinit
Good Middling..
8M«
lY"
9
9
9
9J3
914
9^8
.9
lb.
STAINED.
XX
15
tOID
2
9.";
I
Sat.
toe
6c
6l6
6%
6%
6%
6%
70b
708
Middling....
87|«
8'»,8
MABKET AND
708
81i8
<
s.«;
tocooco
00
-0
n
to*j
o
6i
.^
2
TOO
^8
126
Monday. .'Quiet
Tuesday.. Quiet....
Wed'dar. Quiet ....
Tbursday Quiet....
Friday... 7.
Total.,
268
150
160
.
...
...
...
...
...
*.";
I
cocooco
105
HoUjday.
8181
2
6i«
6%
6%
to 00
wot
I
«
X
:
cocooco
mmC^
Wl^
tOtO
f
<cx
6:4
;
2
cox
9
OCO
o«
2
-4^1-'
*
06
c;'WfcO^
5
o
"I
»,<=:
cotoox
QCCOOOC
X
CDO'-'CO
oO to
6co
XKI
CO
00^0
^M O
coco
coco
cocooco
cocooco
ao %
2
2
sr;
cocooco
CO
cocooco
to
1>
5
00
2
coto
00
COf-
5
coco
2
"
10 to
e«;
1
00
o
cocooco
cocooco
cocooco
66
00
66
coto
to
a
"^
«.^:
o
coocco
2
•*
B.w;
I
cocooco
coco
a
s
00
coto
1
>
<S>
»
cocooco
to®
coco
-<
1
«.
oto
(OtD
MO
MW
1
e).
5r
3
1
1
sr;
*
„
ttcocco
coco
coco
to
1^
66
g
»»;
66
»-c;<
I
s
COCO
8'
:
u
cocooco
SI8S
I
«
-401
CO
:
1^
I
»
cece
60
^
2
:
<o
1;
u
•
»
cocooco
2
*«
«
66
oaa
5
coco
Af'
WtO
I
A6^A
66*
2
'I
MM
MW
66
wo>
cocooco
-•;
««
cocooco
coco
2
*
I
I
tOC&QCO
-'a
ss M;
61
I
-4
^
xco
w
10
-4X
cocooco
cocoeie
5
M a MO a
O
oce "
«
«
X
ceceoe
>!
I
:
:
I
Si8|
MM*M
OM M
!f
I
Id
I
I
I
I
I
I
l«:
I
1:
Includes sales in September. 1890, for September, 228.300: Septem'*
ber-October, for October. 349.300; Scptetnber-NoTember. for November,
382,700; September-December, for December. 947,300: SeptemberJanuary, for January, 2,260,800; September-February, for February,
*
IfvOVf 100.
The following exchanges have been made during the week:
r,.^,^ „-_.__ ,„,_
200 May for July. -09 pd. to exch. 400 April fer Mar.
Future*.
Total.
818
oto
I
cococto
>
opcp
coco
»,":
«.*':
opopox
°6 Mi-^
w ss X MM
coco
5
I
2
teoc
CM O
8'lB
126
26j
150
169
105
s
^
OOGOOOO
10
Holiday,
7O8
7O8
87,8
5
2
MM
Tb. Frt.
6l8
^ WW to
^ XX 5
6© w i^6'^6
00 o CCC^
oc cc
"f"9
•»
I
WU>
1
Pit.
5
a
XX
MO
«*•:
QOXCOO
00
«w
TIi.
CXp-''
I
coco
cocooco
QOQOOQO
-4-i*-4
opop
00 -4
e.";
16©^
OO'-'O H'O'^O
o XX
ox w
>
coco
coco
^
5
coco
o
-
OCX
'Z
«.-:
I
-J
00 00000
xop
xoo
(CX
coco
8
^l_
xop
5
2
**
2
*.«•
MCO
XX
«®
CO
66
cox
CO
I
><
coco
tgw
0000
-S«i
».«:
e«:
-4
to
u
xxoco xxox OCQOOOO
xx^ob xob^ob xob®x
-CA
00^0
ox Qt oo"^o
coco
o
9i«
9^8
1008
Ills
9pee-
$wnp. uVVn
..
2
"
a-i
8ii,e
Baluof
port.
Saturday Steady
'I
^^0,1 CO_iOo t^6'^6
ox ,u
00 o xco
SALBB OP SPOT AND TBAHSIT.
I
XX 5
ob-4
^
Ot
-4»j^-4
<0c09<0
cocooco
SALES.
Con-
XX
1
on the spot and for future delivery
Ex-
I
OOVlOOO
5
1
OOOOQOO
:
IS
to
2
3
>
cox
same days.
CLOSED.
i«
I
FrI
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
BrOTUABKKT
I
000
a
'
«
I
0000
«.o:
I
8ii«
8',e
Hon Tnes Wed
618
•loj
ODOOOOD
-j-4*-4
I
xxox
613,. 613,8 eiSjg 61S,«
7I4
7i«
714
7>4
714
8i«
8i8
8ie
818
8^
8i«
8I9
81a
81a
8>a
8''8
8'8
S's
S^e
914
914
914
9>4
914
97|8
97,8
9'}e
9'ia
91*18
91*18 91*16
.9>*ie 91*11
IOI4
IOI4
IOI4
10>4
1014
U'l« ll'lB 11 '!8 ll'lB 111|8
11»,8 lll»|» ll«lg 11»1« 11»1B
.»lb.
total sales of cotton
Ills
"2
«.»;
xocooo
xob^ob
71m«
moD Taea Wed
Low Middling
The
10<>8
00 on
I
9
91a
9'8
00
5
QD.^
eisie
8'ia
81»I6
opoo
-4-4
COtO
6%
638
6i8,e
7i»ie
9
913
9'8
10»8
Ills
10=8
lllg
Sat.
Middling Fair
Fair
Good Ordinary
Btrict Good Ordinary.
613,,
813,8
10»8
Ills
Middling
Good
6l3i«
8^16
8i»ie
9''8
Middling...
Btrict
63^
87, h
8'1«
GULF.
Btrict
63b
7"l6
Fair....:
Ordinary
Btnct Ordinary
Good Ordinary
Btrict Good Ordinary.
Low Middling
638
6'»i«
OOQDOOO
«^
»
1
GDGCi
O'-
Mon Taea Wed Tb.
ad
ooc
I
—
8mt.
00 oo
:
ODOOQOO
—
UPLANDS.
0000
2
«
I
;
——
^
(BOC
-i-j
TV»e speculation in cotton for future delivery at this market
duriog tne past week has been less active and unsettled in tone,
The bulls did not
prices fluctuating within narrow limits.
The bears could not be induced to enter
act with any spirit.
upon free buying to cover contracts, yet moved very cautiously in putting out further lines, looking to still lower
The weather reports to the Cotton Exchange were
prices.
early in the week fairly favorable to the work of planting for
The movement of the current crop continued
the next crop.
large as compared with last season, and Liverpool did not
Yet the absence of sellers on
report any sustained strength.
Exchange has prevented unfavorable inour
Cotton
There
from causing any material decline.
fluences
to
further
increase
crop
has been some disposition
both sides to the
had no effect
they
estimates
speculation seemed inclined to await developments. Yesterday (Thursday) a stronger report from Liverpool, together
with some disposition to close accounts for the Easter holidays, led to moderate buying to cover contracts; the offerings
from sellers were very limited; the demand, small as it was,
proved sufficient to cause a small advance. The relatively
mrge crop movement caused some depression in the later
dealings, out the close was quite steady. Cotton on the spot
heis been dull, and closed last evening nominally unchanged
at 9c. for middling uplands. Stocks in this market begin to
show some accumulation. The New York Cotton Exchange
was closed to-day. The Liverpool Cotton Exchange closed
last evening, and will not re-open till the morning of Wednesday. April 1.
The total sales for forward delivery for the week are 374,100
bales.
For immediate delivery the total sales foot up this week
for export, 818 for consumption,
818 bales, including
in transit. Of the above
bales
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week March 21 to March 27,
;
II? fir
22.700
52,100
79..'i00
59,900
59,900
-_j
,,
17
pd. .to exoh.
pd. to exeh.
pd. to excb.
pd. to exch.
pd. to excb.
•04
•33
•10
•32
200 July
for Aug.
6(M> April for Nov
300 Apr. for May.
200 April for Aug.
•31 pd. toexch. 1,200 Apr. for Aug.
•02 pd. to excb. 200 Aug. for Sept
•27 pd. to ciob. 700 Apr. for July.
Even. 100 March for April.
The Visible Supply of Uotton to-night, as made up by cabl*
and telegraph,
is as follows.
The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totaL-j the complete
figures for to-night (Mch. 27), we add tlie item of exports irom
the United Stat^, including in it the exports of Frioay only.
..
:
THE CHKONICLE.
5U2
Dales. 1.168,000 1.115.000
Liverpool
ij,uo»
I7,ooo
Stock at lAudon
Total Great Britain stock. 1,185,000 1,130,000
3,200
Stock at U.-»uibiirg
,-S'S22 137,000
Stock at Bremen
I'S'XXX
7,000
20.000
Stock at Amsterdam
300
400
Stock at Kolterdaui
6,000
Stock at Antwerp
„.Z'222 155,000
249,000
Havre
at
Stock
3.000
8,000
Stock at Marseilles
92.000
99,000
Stock at Barcelona
20.000
10,000
Stock at Genoa
5,000
17,000
Stock at Trieste
859,000
2,500
31,000
13,000
428,500
282,400
587,400
Total Continental stocks
1888.
1889.
816,000
13,000
1890.
1891.
mookat
—
.
868,000
21,000
4,000
47,900
20,000
400
700
400
18,500
136,000
4,000
56,000
7,000
9,000
171,000
3,000
73,000
5,000
5,000
330,000
235,000
38,000
708,075
245,601
5,920
330,000
26,000
584.946
158,109
10,005
251,000
21.000
403.373
117,235
22,784
310.000
26.000
655,651
275.903
18,000
EBrpt,Brazil.&c.,atltforE'r'pe
Stock in United States ports ..
Stock in U. S. Interior towns..
United States exports to-day.
3,263,954 2,665,892 2,522.460 2,656,596
ToUl vlsiMe supply
Of the above, thetotalsbf American and otlier descriptions are as follows:
Uverpoo"B'tock
873,000
314,000
2ol.000
403,373
117,23o
22,781
869.000
453,000
310.000
655.651
2.5.903
18,000
bales.
Continental stocks
American afloatfor Europe...
United States stock
United States luteriorstocks..
United States exports to-day.
Quotations foe Middling Cotton at Other Markets.—
Below we give closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week
889,000
Total EuroBean stocks.,,. 1.772.400 1,558,500 1,141,400 1,219,000
176.000 292,000 272,000 205,000
Infllacotton arfoat for Europe.
Amer. cot t'u afloat for Europe.
678,000
213.000
235,000
708.075
245,601
5,920
652,000
183,000
330,000
584.946
158,109
10,005
299,000
17,000
129.400
176,000
26,000
212,000
15,000
81,500
292,000
21,000
March
3,283,951 2,665,892 2,522,460 2,656,596
Total visible supply
6i8d.
5ii,6d.
53ed.
I'^sd.
Price Mid. Upl., Liverpool....
llT,aO.
9c.
916,^0.
York....
103,tc.
Price Mid. Upl., New
The imports into Continental ports this week have been
^"
110,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 598,063 bales as compared with the same date
of 1890, an increase of 741,494 bales as compared with the
corresponding date of 1889 and an increase of 607,358 bales
as comijared with 1888.
9
MobUe
8=8
85,a
8S8
85,8
878
858
878
Savannah
. .
Charleston.
Wilmington
Norfolk
858
8^8
Boston
9
Baltimore...
Philadelphia
9
Augusta
....
.
Louisville.
.
9
9
811,6
858
8»,a
811,8
8",«
8=8
8=8
8»ia
S-'a
8^8
8»8
S'S
8=8
8 •'8
913
9i«
91a
8%S''8
8%®''8
9
83l
8^
8%
8%
8%
8%
8%
9>e
9^4
918
914
914
Week
Endxim—
Receipts at the Ports.
SVk at
1890.
1889.
1889.
27..
.
6.
13.,
20.
27.
98,350
83,218
96.51)3 88,608
81.838 63.554
80,026 64,736
81.273 38,547
61.573 41.065
K
?? Tj-
i-»Fgrggi
rf^WtOO-'Mt-'-qweO
coc;tO
O
t«- iP-
O ^ <I -q C ^ W
WM
M"C0MC0M^5^^.(SI':^VJ
rfk
1890.
112,679 246,002 106,978J38e,155
87,511 215,270 175,649 344,048
92,675 195,628 164,459 321,139
66,668
49,284
64,631
31,678
63,268 118,614
60,692 119.194
37,563 100,432
33,408 66,434
17,357 69,766
*.
p-*
O
83
M
1- tK
H
CO
ci ooVi co o;
1.
?
fe!.
,??
CO
by telegraph
late Friday night it is impossible to enter so
largely into detail as in our regular monthly leport, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Mch. 37
and since Sept. 1 in the last two years are as follows:
Via St. Louis
Via Cairo
Via Hannihal
9.329
4,714
Via LoiiisviUe
Via Cincinnati
Via other routes, &c
2,498
2,056
1,234
"676
Since
Since
Sept.
1.
Feefc.
Sept.
1.
486,948
261,822
84,498
24,808
180,247
159,551
131,734
11,210
2,774
4
162
1,005
1,391
2,036
474,093
294,836
58,344
20,175
110,240
193,594
152,334
18,582 1,303,616
11,351
1,007
2,414
287,085
101,233
79,807
7,811
Between interior towns
Inland, &c., from South
27
1,135
318,839
52,613
99,540
Total to he deducted
14,772
468,125
8,973
470,992
I-'
l>^
Leaving
total net overland*.
5,735 861,483i
9,609 832,624
Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 5,735 bales, against 9,609 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 38,859 bales.
1890-91.
Week.
Receipts at ports to March 27
-
Net overland to March 27
Southern consumption to Mch. 27
KjO
"-1
01
Wft ^10^35t0fo't-w
»-«Or-[»5i(..MUO«iOiCl
1889-90.
In Sight and Spinners'
•
M05it.K)C0M^l^.-CnW03-JWCJ»^lC5
Total marketed
a3a
Interior stocks in excess
Came
into sight during
Total in sight
tew
-4 cc 00 o; oo» cp
• I.o«l.<villc
Hcures "net" In both years
Iiast year's flRnres arc for GrlUln.
J This year's Ugiircs estimated.
The above totals show that the old interior «f^irc ,,„„
d^eased durmg the week 26,136 bales
58 668
bales more than at the same period last
year. The Mceipts at
'"'^'^ have been 13,075 bales more
<
IX'eTin'S
»1,^™?
1889-90.
1890-91.
27.
Takings.
>
75317
Overland Movement fob the Week and since Sept. 1.
statement showing the overland movement
for the week and since September 1. As the returns reach us
M» "J
il>.*.MMW
«)-«i*.3-i-wiSKc;i
14,703|
woo
0% cc
aDcotoocx)OOMU'h-yv-,c
-
1
We give below a
Deduct shipments—
Overland to N. Y., Boston, &o..
W CI GO
*3QCOOOatatnW®OOC0CTH-gi©^.q
OS
1891.
—That the total receipts from
20,507 1,329,608
MO
tv*-*
1891.
100.803 175,633 128,127 296.163
U" to *q
H» *.
O'
M'ln';© ti V) c; -D
MM
1890.
—
March
co,5-^oo:0(Dwa3coa>coi-cotooj^t*^it»
OC
9>4
the plantations since September 1, 1890, are 6,485,530 bales; in
1889-90 were 5,686,083 bales; in 1888-89 were 5,337,095 bales.
2.
That, although the receipts at the outjKjrts the past week
were 100,803 bales, the actual movement from plantations was
only 75,817 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 14,763 bales and for 1889 they were
31,578 bales.
OiOy'tvC^to^tOH'aTcooii-'Mox-'ico
to lO
914
.
Shipped—
tncOt(*.OtOCO-qos
tf*.
9%
8%
8%
8^
9%
9
Interior Towns. Itec^pts from Plant'ns,
Week.
— tt-oK>toeDco>-'CQoco^o;;'roro
a>
9^8
S^
8%
8%
73,608
70,020
The above statement shows:
ci
Ci^ H* jt**k tit C Opi 01 OD OS w tf>"^
9
9I2
1889.
op
•;
8%
9
9
124.264 297,545 239,995 385,704
126.898 270,972 222.979' 3;8.,'i02
1891.
§
:
8=8
I
«o..
.
ffl
i
8''a
—
—
Ei P;
8''16
Fri.
Receipts From the I1.antations. The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Anally reaches the market through the outports.
—
3
Thurs.
9
9
Memphis
Louis
Cincinnati
Wednes.
Tues.
9
9
St.
At the Interior Towns the movement that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1889-90 is set out in detail in the
following statement.
DC g=,*-
MOH.
Satur.
815.8
647.400 654,500 604,400 569,000
2,616,554 2,011,392 1,918,060 2,087,596
Total East India, 4c
rotal American
27.
Galveston.
New Orleans
190,000
21,000
115,000
205,000
38,000
194,000
13,000
99,400
272,000
26,000
CLOSDfO (JUOTATIONS FOB MID0LINO COTTON ON-
Week ending
2,616,554 2,011,392 1,918,060 2,037,596
Total American
Xatl Indian, Brazil, die.
Uverpool stock
London stock
CoBtlnental stocks
India afloat for Europe
Egypt, BrazU,<tc., afloat
[Vol. LII.
than thT^same
1 the receipts at all the t^wM
J^^iQ?L^f''V'""^'"l^,.®^''P'are 449,783 bales more than lor the same time in
1889-90.
week
March 27
North'n spinners tak'gs toMch.27
* Loss In stock during week.
Since
Sept.
1.
1100,803 6,202,990
!
Week.
Since
Sept.
1.
861.483
408,000
41,06315,570,370
9,609 832.624
12,000, 380,000
120,538 7,472.473
*24,986 282,340
62,674 6,782,994
26,302 115,713
5,7
14,000
95,552
36,372,
7,755,013
6,898,707
1,660,361
1.614,798
It will be seen by the above that there has come into sight
during the week 95,552 bales, against 36,373 bales for the
same week
and tliat the increase in amount in sight
compared with last year, is 856,306 bales.
Weather Reports by Telegraph.—Telegraphic advices
to U3 from tlie South to-night indicate that the weather has,
of 1890,
to-night, as
as a rule, been quite satisfactory during the week. Preparations for the next crop have made good headway in many
localities, and in Texas early plantings are coming up,
Our
.
HA.RCH
:
.
THE OHBONICLE.
38, 18U1.I
correepondent at Memphis reports the Miasissippi at nine
inches above the danger line, but fallinR.
Oatventoii, Texas.— It ban rained moderately on two daya
during tlie week, to the extent of sixty-eiijht liundredthti of an
inch. The thernionictor has ranged from 47 to 6H, averaKinn IH.
Palestine, Tca-as.—linin bait fallen on four days of the week,
the precipitation beinp: one inch and eighteen hundredths.
Corn is coming up and cotUm
The rain was very bcnellcial.
planting is progressing. Average thermometer 50, highest 70,
lowest *0.
Uuntsville, Texas.— Vfe have had rain on two days of the
week, the rainfall reaching eighty-two hundredtlia of an inch.
The thermometer has
Cotton planting has commenced.
averaged •')8, the highest being 78 and the lowest 39.
Dalian, Texas. Corn-planting is about completed and the
ground is being preiMireu for cotton. There has been rain on
one day during the week, the rainfall reaching thirty-seven
hundredths of an inch. The thermometer has averaged 03,
ranging from 29 to 76.
San Antonio, Texas.— We have had light rain on two days
during the week, the rainfall reaching twent^'-one hundredtlis
of an inch. The thermometer has ranged from 38 to 78, averaging 58.
It has
Luting, TVaras.— Cotton planting is progressing.
rained moderately on one day of the week, the precipitation
reaching thirty hundredths of an inch. Average thermometer CO, highest 79 and lowest 41.
Columbia, Texas. Cotton planting is progressing and early
plantings are coming up. It has rained lightly on one day of
the week, the precipitation reaching seven hundredths of
an inch. The thermometer has averaged 55, the highest being 77 and the lowest 43.
Cuero, Texas. It has rained Rightly on two days of the
week, the precipitation reaching live hundredths of an inch.
Early-planted cotton is coming up. The thermometer has
averaged 66, ranginc from 35 to 78.
Brenham, Texas. Good headway is being made in planting
There has been rain on two days of the week, to the
cotton.
extent of fifty-three hundredths of an inch.
The thermometer has ranged from 39 to 78, averaging 53.
Texas.
We
have
had
Belton,
rain on one day during the
week to the extent of thirty hundreths of an inch. Average
thermometer 54, highest 75 and lowest 34.
Weatherford, Texas. There has been very beneficial rain
on one day of the week, the precipitation reaching eighty-six
hundredths of an inch. Fruit prospects are good.
The thermometer has averaged 57, the highest being 80 and the low-
—
Augusta, OeoTffia, The early part of the week was clear
and picaaant, but in the latter portion we have had rain od
three days, tho rainfall reaching one inch and fifteen hun*
dredthn. Planters are behind in their work. Thermometeir has
averaged 58, tho highest being 78 and the lowest 43.
Charleston, South Carolina. — Wo have had rain oa two
days during tho week, the rainfall reaching two inches and
twenty hundredths. The thermometer has averaged OS,
ratiguig from 40 to 78.
Stateburg. South Carolina. It has rained on two days of
tho week, the rainfall reaching twenty-two hundredths of an.
inch. The thermometer has ranged from 43 to 71, averaging
—
56-2.
—
Wilson, North Carolina. There has been rain on two days
of the week, the precipitation teing one inch and one hunAverage thenrtometer 52, nighest 02, lowest 42.
dredth.
The following statement we have also received by telegraph,,
showing the height of the rivers at the points named at b
o'clock March 26, 1891 and March 27, 1890,
—
New
Shipments
BriPn.
I
—
Oreat
Total. Britain
nenl.
—
Shipments for the week.
Oreat
Brilain.
Oaleutta—
1891
1890
—
We
We
1.
Jieeeipts.
Total.
Til is
Since.
Week.
Jan. 1,
rU4.000:89.000l
891,000
851.00O
,123,000 81.000
573,000 60,000
BtiS.OOO
585,000
317,000i60,00ol
Shipments since Januarg
Total.
9,000
10,000
9,000
13,000
16,000
19,000
30,000
43,000
46,0OO
62,000
1,000
1,000
4,000
5,000
4,000
4,00O
9,0OO
1,000
1,000
2,000
13,000
13,000
10,000
12,000
23,00b
25,000
10,000
11,000
10,000
16,000
33,000
37,000
40,000
59,000
73,000
96,000
3,000
1891
1890
Continent.
m-ltain.
Madras—
Total.
All others—
1891
1890
Total
1.
Oontinent.
2,000
aU-
1891
1890
5,000
The above totals for the week show that the movement from
the ports other than Bombay is 6,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
EXPOBTS TO EUBOPE FBOM ALL INDIA.
1891.
1890.
1889.
Sh ipnjents
to all
Europe
This
week.
Jan.
24,000
10,000
34,000
from—
Bombay
All other jiorts.
Total
This
week.
Jan.
344,000
73,000
72,000
16,000
417,000
88,000
Since
1.
This
week.
Since
Jan. 1
523,000
96,000
67,000
13,000
573,000
100,000
619,000
80,000
673,000
Since
1.
ALEXANDRIA RECEIPTS AND SHIPSIENTS.
Alexandria. Egypt,
March2o
Kecelpts (oantara*)
This week
Since Sept. 1
.
the lowest 37.5.
Mobile, Alabama. The weather has been very favorable
during the week, and planting preparations are progressing
rajudly.
have had rain on two days, the rainfall reaching two inches and thirty-two hundredths. The thermometer
has averaged 64, ranging from 50 to 78.
Montgomery, Alabama.—
have had rain on two days of
ttie week, the preci|>itation reaching two inches and sixty-two
hundredths. Now clear and cool.
The thermometer has ran
ged from 40 to 78, averaging 63.
Selma, Alabama.— There has been rain on two days of the
week, the precipitation reaching one inch and ninety-four
hundredths. Average thermometer 50, highest 74, lowest 13.
Auburn, Alabama.— It has rained during the week to the
extent of two inches. The thermometer has averaged 50-1 the
highest being 73 and the lowest 37.
Madison, Florida.— It has rained on two days of the week,'
the precipitation reaching ninety hundredths of an inch.'
Continent.
1891 5,000 19.000 24,000 3.3,000 311,000
1890 34,000 3S.O0Oi7'.'.0O0 135, 000,3S8,000!
1889 27,000 40,000 67,000 170.000;403,000|
^^^^l33,0O0^33,000| 6»,000| 248,000)
1888
—We
water mark. Farm work is making only fair progress. The
thermometer has ranged from 40 to 68, averaging 55.
Memphis, Tennessee. There has been rain on four days of
the week, the precipitation reaching one inch and seven hundredths. The river is nine inches above the danger line and
falling.
Average thermometer 54, highest 68, lowest 43.
Nashville, Tennessee.— Ruin has fallen on two days during
the week, to the extent of fifty-four hundredths of an inch.
The thermometer has averaged
51, the highest
being 67 and
o
6
Shipmenlt tinee Jan.
this week.
Tear Oreat Contl-
—
—We
Feet.
Above low-water mark.
16-2
161
Above low-watfr mark.
86-6
340
12-6
Nashville
Above low-water mark.
«0-8
16-8
Shreveport
Above low-water mark
27-3
VlokBburK
Above low-water mark.
47-8
4«-7
NoTB.— Reports are made In feet and tentUs.
India Cotton Movement from all Forts.— The receipt»and shipments of cotton at Bombay have been as follows for-'
the week and year, bringing the figures down to March 26.
BOMBAY BECEIPTS AND SIIIPMEMT8 FOB POUB TEABS.
—
New Orleans, Louisiana. —Rain has fallen on two days of
the week, to the extent of one inch and four hundredths. The
thermometer has averaged 63.
Shreveport, Louisiana.— R&in has fallen on three days during the week, to the extent of one inch. The thermometer has
ranged from 40 to 76, averaging 58.
Columbus, Mississippi.
have had rain on one day of
the week, the rainfall reaching two inches and fifteen hundredths. Average thermometer 54, highest 70, lowest 30.
Leland, Mississippi. The week's precipitation has been
fifty-one himdredths of an inch.
The thermometer has averaged 59-6, the highest being 83 and the lowest 37.
Little Rock, Arkansas.
have had rain on three days of
the week, the precipitation reaching one inch and twenty-one
hundredths. The thermometer has averaged 54, ranging from
33 to 67.
Helena, Arkansas.— It has rained lightly on two days of the
week, the rainfall reaching eighty-three hundredths of an
inch. The river is stationary, two and a-half feet below high-
Ueh. 27, '90.
Feet.
Orleans
—
est 34.
itch. 26, '91.
Memiiliis
—
—
603
1890-91.
1889-90.
1888-89,
38,000
3,843,000
22,000
3,078,000
12,000
2,689,000
This
Since
week. Sept. 1,
This
Since
wee*, Sept. 1.
This
Since
week. Sept. 1.
8,000 255.000
4,000 166,000
3,000 235,000
2,000 128,000
1,000 207,000
3,000 126,000
Sirports (bales)—
To Liverpool ....
To Continent
*
Total Europe.
9,000 421,0001
A cantar is 98 pounds.
5,000363,00011 4,000|333,000
This statement shows that the receipts for the week ending
38,000 cantars and the shipments to all Europe
March 25 were
9,000 bales.
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market is dull for both yarns
and shirtings on account of the holidays. We give the prices
for to-day below, and leave those for previous weeks of this
and last year for comparison
,
The thermometer
1891.
8^
82s Cop.
Ibt.
Shirtings.
Twist.
averaged 64, ranging from 41 to 80.
Columbus, Ocorgia.— It has rained on twodays of the week,
d.
d.
uie rainfall reaching one inch and fifty-seven hundredths. Fb.20 778 WSis
" 27 7'8 »8>8
The thermometer has ranged from 46 to 73, averaging 61.
Ts9»
Savannah, Georgia.— Rainfall for th« week forty-three Moli.e
" 13 738
hundredths of an inch, on two days. Average thermometer " 201738 •I'k
e?^
" 2717% »7%
60, hig best 78 atad lowest 46.
1890.
Colfn
lias
a.
d.
8.
d.
6 lis»7 2
6 l>a»7 2
«?
6
5 11
5 11
6 11
»611
'96 11
•en
ilitl.
32» Cop.
8»4 lbs.
Vplds
Twist.
Shirting:
d.
d.
d.
4'fl
8Bu«8%
4'H
838
•i\
*'»!«
8»i,»8"»6
4lt„ 8»,»«8ni»
41»,. 8»,»»8Hii.
_4>_
8»,.»811„
n.
d.
a.
d.
Cotrn
Mid.
Vplds
d.
e 2>9*7 l>s ei'.s
6t„
6 3 97 3
Nominal.
?!'•
Nominal.
IJ»
Nominal.
2i2
6 2 •? 3
8%
.
—
.
..
.
.
THE CHRONICLE.
504
bagnng
Jdte Butts, Baooing, &c.— The demand for jute
activity, but
durine the week under review has shown no
Jbs., 6c. for
quotations have been maintained at 5Vc. for
there is httle
3 lbs. and 6^c. for standard grades. Although
fair dehvenea
current business in jute butts, there have been
for paper
on back orders. The market closes quiet at IJ^c.
grades and l^c. for bagging quality.
HiaH Water.—The break in the levee at Ames plantation
serious crevasse
has reached a width of over 600 feet. A
in the levee knowa as the Bass Levee, on the Concord
W
occurred
March
plantation in East Carroll Parish, Louisiana, Saturday,
wide, and it is
31 at 8 A. M. The br.ak is now some 600 feet
the
believed that it will flood all that section overflowed by
Raleigh crevasse last year.
SHIPPINO News.—The exports of cotton from the Unitet
reached
States the past week, as per latest mail returns, have
these
78 828 bales. So far as the Southern ports are concerned,
published in
tre the same exports reported by telegraph and
York w<
the Chronicub last Friday. With regard to New
include the manifests of all vessels cleared up to Thursday.
Total balet
Liverpool, per steamers City of Berlin, 2,603
Cuflo, 8.099.. ..Etrurla, 578....M»fe8llc, 1.163. ...St. ,,,„„
1*'}??
Ronans, 2,475. ...The Queen, 785. ...Victoria, 1,420
485
To Hull, per steamer Fraud co,485
Oasoogne
617..
..La
Buurgogne,
La
Bteamers
To Havre, per
[Vol, Ul.
—
IjIVBsfool, By cable from Liverpool we have the following
statement of the week's sales, stocks. &c., at that port.
Mck.
week
bales
Of which exporters took....
Of which speoolators took. ..
Sales American
Salea of the
Aotoal export
Forwarded
rotal itook— Estimated
Of which American— Estim'd
Total import of the week......
Of which American
Imonnt
afloat
Of which American
The tone of the Liverpool market
—
Tom ....~..........~..~
78,828
rhe particulars of theae shipmentB, arranged in our usual
form, are as follows:
Spain
Bremen BoilerMarand
(£ Sam- dam c£
Liverpool.
Savannah
BnuBwlok.
Hull. Haore. burg. Aniw'p.
943 1,525 1,425
4B5
ITp't
News
Boaton
....
BiklrlmorH
Fbil,>delp'a
itiltes.
200
589
Italy.
35,770
5,330
533
1,773
5,5S8
4,905
l,c73
2,6-2
1,9 S9
5,002
1,773
5,S88
4,905
1,1 »6
Total.
250 18,950
376
2,672
"279
l.l.Stf
Sales
4pec.
Qolet.
485 10.579 7.<b8 3.470
200 5,252 78,828
Below we aid th<i clearanoAs this wirfU o' ve^^els o^rrying
eocton from Uaited States porta, bringing uur duta down to
th** latest datt^s:
Galvbutok—To Liverpool— Mamh 20— Steamer Borinquen,
2,187....
Mai'o7i24- Hark ul»u». 1,21 .
21 -Steauior Ctpiilet. 2,751....
Nbw ii<ihsaNi»—To Liv»riK«>l— M.iich 4.-iNi:
Livnj'. r, 4,j.-)0.
Mrtr,'lii;4 atea'ier ('.•im» 1 ••!,
To H.<vre— M,ir<ih 20 rtt«,ini. r .\ u -r 11 h, s J t>
To llamliiiig- Mar, li iS-Si-Miii,.. » Avo.iu irx. 198; Franola, 3,000.
To Breiiii n -Ma:ch 2.>— nteai. er Kil Kmif, 3,9 <•.
To UenOii - Mareu .l-8teaioii Etiicilry. 4.»iK>.
Savannah— To Oeuoa— iroh 20— Stoamer Eglantine. 3,600.
OHARi.B»ro.'<— To Llvo pool Mj ch 21— Steamer Nyuiph<e,>, 3,871.
T>rtfiiien-M:vMh 'n- S>> i-ni>r OnVdell. I.U^.
Xollt.r,wlona— .H.i eh .'l— dteiiier I, tu* rluve, 7,110.
M
To Venice-March 21— Birk Kniatiiinle. 1.073.
-Ha uh l —sum u r U laiAiul m,
Boston— To Llvorp
)1
2, 115. ...March
l9-8teiiniMr I'alestine. 1. 21.%
HainlJiuu— larch Id -SKaiuer Pifkhulien. 680
BAi.>moRB— r.i Llverpwl— 'f.iru.i i2 stoamor Fraaclsoa, 1,248
March 14-8 earner BHliiiiior .11.
To Bremen- Man U 17 eiteitui r ilermatiD,
Sfarch 25—
.
Stram* r Drvudeu.
«
Vhilauulphia- To Liverpmil— March 21- Steamer Indiana, 671.
.
^^—
tho pi^t
wv>k h-w* hsen
AUur.
Hon.
TU*9.
Uvorpool, steam d.
Do
Bamburg, Bt<«m.e.
Do via
l'»
11*
list
lndlreut..<(.
••Tal. steam
II,
I'si
d.
'ci*"*
35*
35"
fr«
&
sail
I
'SS*"*
'ffiSH
m«in«, steam.
Antwerp,
swam
I
7ji,9\4
'.la^l'u '31(®«t4
d.
BM«*lona.steam d.
O^noa, nt«am .. .d.
•
'f**"*
IndlreoUe.
ABat^d'm. steam. e 3^-37V 33.37V 35-37>«'
Do
Weanet.] ThMri.
e.
Do sail
e.
Bnman, steam e.
Bo Indliect.e.
Do
as fojlownt
latednllv'y.tt.
Bum, ateam
.d.
d.
I^ 101) Itw.
Inquiry.
4'8
479
6,000
10,000
1,000
6,000
8,000
6,000
500
500
600
steady at
Easy at
Aexp.
500
15,
"
•4
"f4
4
"4
'4
S
Friday.
Small
4lB,a
5)
a
o
Basy
Market,
1
L:45 P. M.I
Market,
4
P. U.
at
l.«4 decline.
a«»./i.
Steady,
i.»4 decline.
Steady at Steady at
1.64 adpartially
fartlally
.64 dec.
1-64 dec.
vance.
Quiet and Quiet and
steady.
^gteady.
o„i«f
*''"•'•
rtrm.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated:
Thua : 4 63 meant
The prices are given in pence and 64<A.
4 ^-64d., and 5 01 means 5 1-64(J.
^^
Meh. 31.
Sat.,
Op«n High Low.
d.
d.
d.
Clot.
d.
d.
4 52
4 62
4 52
4 52
4 51
4 51
4 51
4 51
4 56
4 51
4 64
4 69
4«3
460
6 02
5 00
6 02
5 01
61
00
502
600
5 02
6 01
6 01
4 52
4 S3
4 58
4 6.i
6 01
6 03
6 02
5 02
5 01
4 62
5 03
5 02
4 52
4 52
4 54
4 60
4 63
6 02
5 04
6 03
5 02
6 01
6 03
6 01
6 02
4 60
June-July... 600
Juiy-Aug... 5 03
500
503
August
5 05
5 05
4 60
5 00
5 03
5 06
5M
604
504 504
5 0«
00t.-N0T.... 5 02
NoT..Deo... 5 01
5 02
Dec.-Jan...
6 03
6 02
5 02
6 01
5 02
9ept.-0ct...
5 02
5 02
6 03
4 60
500
5 03
5 05
Wed., Meh. 35.
Open High Low.
d.
March
Mcli.-Aprll..
d.
d.
Clot.
Jone-July... 4 62
July-Aug... 6 02
4 63
604
AUfCQSt
Ang.-Sopt.. 603
8ept.-0ct... 5 02
Oot.-NOT.... 6 01
XoT.-Dec... 6 01
D«o..Jan.... 6 02
604
5 02
6 03
502
502
5 01
602
464
4 69
4 63
6 02
604
603
604
500
6 03
5 02
5 01
6 01
6 01
502
Thurs., Meh. 36.
Open Blgh Low.
d.
463 464 4 62 4 53
463 464 4 52 463
April-May. 4 53 4 54
May-June... 456 4 50
d.
d.
A.
4 62
4 62
4 62
4 64
4 61
4 59
4 52
4 63
4 57
458
4.57
4 54
4 50
4 61
6 01
6 03
4 62
6 01
4 61
463 4 61 463
5 01
5 03
5 02
.'.03
6 03
6 05
5 01
5 03
6 02
504
5 02
5 01
5 01
6 01
5 03
5 01
3 00
600
00
5 01
6 01
454 4 52
500 6 02
.5
4 52
4 67
d.
4 52
4
4
6
6
6
500
463
463
600
67
d.
4 50
4 50
4 61
4 56
4 60
02
500
502
01
5 01
4 51
4 51
4 62
4 67
4 61
500
5 02
5 01
500 600
600 463
4 63
600
600
463
600
4 63
600 600
Fri.,
Clot.
Meh. 37.
Clou.
(i.
4 52
4 52
4 52
6 02
6 01
5 00
6 00
5 01
Open High Low.
d.
April-May.
May-June... 4 60
. .
Clot.
d.
454 4 53 464
454 4 53 464
156 456 4 66 4 56
.
Open High how.
Tnea., Meh. 34.
d.
4 53
Mch.-April.. 4 63
March
yian., nich.33.
d.
d.
6 03
606
504
I
6 03
5 02
5 02
600 502
5 03
6 01
6 03
BREADSTUFF S.
T.>
fruisihts
Vednei. TKwrtd'y.
Moderate
demand.
tuturet.
279
Total.... 51.451
Ootton
and futures each
4«t«
Mld.Dpl'dg.
Ang.-Sept..
3,330
9,260
.
Wllmlngt'u
Korfolk ..
for spots
Batwrday Monday. TiuMday.
Spot.
Market, t
Barely In bnyers'
favor.
1:45 p. M.^ supported
— —
York. 14,122
K. Orleans. 20,919
Meh. 26.
943
324
Fulda, 450
To Bremen, per steamers Eider, 343
-.1,225
Trave, 432
3C0
Moravia,
300
steamer
per
To Ham'burgi
200
To Kotterdam, pfT steamer Maasdam, 200
Waesland.
1,225
steamer
per
^'„„„
To Antwerp,
200
To Marseilles, per steamer Cacliar, 200
250
To Naples, per steamer Neustria, 250
steamers Darlen, 5,420
HBW Orleahs—To Liverpool, per 4,150..
20,919
..Loango, 7,074
HaytleD, 4,275. ...Historian.
9,260
Topiize, 3,863
To Ha\re, per steamers Nantes, 5,397
589
Nautes,
589
per
steamer
Antwerp,
To
5,002
To Barcelona, per steamer Heman Conor, 5,002
5,330
Clintonla,
5,330
per
steamer
Bremen,
To
Savannah—
1,773
Bbdkswick— To LlTerpool, per steamer Potaro, 1,773
5,588
WnJtiNOTON—To Liverpool, per steamer Maudalay, 5,588
HOKFOLK—To Liverpool, persteamersCalro, 4,226.. .Kalros, 679 4,905
1,196
HVwroaT News—To Liverpool, per steamer Kalros, 1,196
376
,376
To Havre, per
Vene1,291
No-seman,
steamers
Liverpool,
per
To
Boston—
2,672
tian, 1,381
o33
8AI.TIMOBE— To Hamburg, per steamer Slavonla, 533
606
To Rotterdam, per steamer Ohio, 606
850
Lepauto,
850
steamer
per
Antwerp,
To
279
PHnUADBLFHiA—To Liverpool, per steamer Lord Gough, 279
Sew
Ueh. 20.
day of the week ending Meh. 27, and the daily closing prices
of spot cotton, have been as follows:
Hbw York—To
(additional).
Meh. 13.
6.
58,000
47.000
74,030
37,000
1,000
3,000
3.000
1,300
10,000
2.000
9,000
1,200
37,000
48,000
58,000
29,000
5,000
9,000
6,000
4,000
75,000
84,000
80,000 . 72,000
,155,000 1,144,000 1,135,000 1,168,000
843,000 840,000 833,000 869,000
123,000
81.000
77,000 109,000
1 10,000
69,000
62,000
99,000
250,000 210,000 225,000 165,000
230,000 200,000 205,000 150.000
Fbidat, March 27, 1«P1.
The market for wheat flour was more active early in tho
week, and prices showed a hardening tendency in sympathy
with the course of the wheat market, but buyers refused t'>
pay any material advance, so that the volume of bu-siiu^SH,
though larger, was not so great as it would have bef»n if holders hid met the improved demand more freely. Corn meal
showed a decided advance, but rye flour was ui changed.
Yesterday the market was very dull, and prices were weak
and unsettled. The wheat market early in the week was
very excited. The transactions were on a scale sel'iom exceeded. The struggle between the bulls and the bears tor
the control of the market was of the hottest description. On
Monday there were unfavorable crop accounts from France
and damage by frost was reported. These caused active buying
to cover contracts. But a buoyant opening on Tuesday was
soon turned downward by free selling to realize. On Wednesday cable advices were tamer, and selling to realize fol>
lowed a strong opening, under which prices weakened. The
business for export has not been large, but indu led on Tuesday 24,000 bushels Toledo red witite.- at |1 in% afloat but
it was reported on Wedno^'day that 187,000 bushels hnd been
shipped down the Mis-'is-iipp'. Riv«r fromSt. L''ui8. Yesterday
a firmer opening was followed by much depression under a
;
general selling
movement
to realize profits.
.
.
Mabch
THE CHRONICLE.
38, 1801.
aLOUKO
OAlLTt
PUOH
delivery
Jmieilollvery
July ildlvory
AuKiist diillvery
Si'ptcmher dellvnry
DeoembHF delivery
Oom,
Of HO. » UU> WUITUI WHSAT.
Sal.
May
o.
».
o.
Ill
112>4
10!»>«
10fl»«
llllLg
o.
o.
o.
loa'g
108 >4
104
103 ><
102^
ru««.
Wut.
Thurg.
lll^a
1101*
111%
llO^ll
FH.
109 Wi
lot)
a
l07''a
10.•%
lOUSg
103\
103>4
102>g
102:'»
^
103
Do
afloat....
vator.
MaydeUveiy
o.
o.
o.
June delivery
July delivery..
Hat.
72''8
no. 8 mixbd ookii.
Wert.
Thur
rue*.
Von.
72i«
74i8
7ft
74'8
70»9
703e
70ia
70»8
BnOUo
Do afloat
72
72Hi
72i«
72i«
7178
May delivery
o.
o.
.July delivery
Sal.
Hon.
Tuet.
69\
60a»
60'a
69ia
47»a
.Ws
583»
48
Au«U8t delivery
Rye and Barley are very unsettled,
the most part are nominal.
Wtd.
59i«
TAurt.
68%
57''a
Boaton.
Toronto
121..534
bbl.
....
Peoria.
Indianapolis
Kansas City
Baltimore
Minneapolis.
Mississippi...
146,779
34,600
24.295
433ii24
163!955
l6i',846
'72i974
352,628
iele'oo
30.716
35,800
5,000
320,135
9.>,917
171
204.438
60.000
3,299
canal A nver.
"8,673
2,715
18,944
13,814
21,109
2,903
164,268
........
69,000
552,758
9.000
76,720
9,125
162,411
269,098
34,169
48,531
385,540
13'2.747
16,769
108.624
347,165
386.911
5,891.082
200,526
7,800
......
302.022
36.000
90.644
50.093
226.297
89,351
122.193
5.300
80.0 i3
96.239
8.614
30.840
30,200
S2.:,611
1,263
231,614
24,900
170,00"
84,902
91,000
18,267
91,863
49,813
3,187
9,589
30,030
....
.
35,195
19,481
.*•.>.
.
27,816
....•
•
670
•••*«•
108,300
Frx.
68^
7"
and our quotations
=
for
Cot. Mar. 21, '91. 23.012.435 2,969,687
Tot. Mar. 14, '91. 22,899,920 2.720,014
Tot. Mar 22. '90. 27,633,180 18,110,8 !7
Tot. Mar. 23. '89. 30.233,812 17,051,473
Tot Mar. 24, '88. 33,437,ft44 0.244,854
2,809,880 458,865 1,482,876
2.816,176 416,171 1,863,366
4,513,505 1,48.^.971 1,497,521
7,338,423 1,569.''18 1,602,934
4,0:il,273
353,589 2,010,482
THE DRY GOODS TRADE.
FIX>IIS.
V
yine
22.506
41,623
bSSi.
17,481
44,311
199,598
48,566
45,000
1,188,755
5,000
187,974
On
On
»M«*.
bttth.
901,786
33,820
4,344,491
661,657
Montreal.........
Philadelphia
Oats have sympathized with wheat and corn, advancing
and declining with them, and yesterday were lower.
DAtLt OLOBINO fSIUHa OP HO. ^ MIXBD OA18.
Barut)
OaU,
iu»h.
350,472
353,106
40,000
6,877,090
281,109
414,003
•i
PBiom or
....
853,608
16,000
Albany
p,
101^
6tM*.
Aiatortat—
Raw York
Ohioago.
104 "» loft's 101^ 104 sg 103 >«
Do afloat
week,
with
the
an
early
ia
sharply
Hiiwaokee
advanced
corn
Indian
Do afloat
urgent
demand
from
an
mainly
arieinn
speculation,
excited
It is report«d that Dulath*.
to covi-r ei>ntract8 for foreign account.
Toledo
100,000 bunhels of corn were cleared recently from New OrDo afloat
leans for Fleetwood. Since Tuesday sellinj? to realize has Detroit.
Do afloat
caused the loss of a considerable portion of the recent ad- Ot«r«Ko
vance, and yesterday there was a sharp decline. The busi- St. Loolt
ness on the spot was at 78(S78>ic. for No. 2 grades in t le- Oinoli>i#tl
djlilt OLOsino
506
»S 00a»3 40 Patent, winter........ S4 95«$5 50
3 35» 3 80 city shipping, extras. 5 10 a 5
3 65« 4 10 Rye flour, superfine.. 4 509 5 00
Fine
3 504 3 80
3 SOW 4 .-iO
Nbw
Buperllne
Extra, No. 2
Extra, No. 1
4 25® 4 7ft Com mealClears
Western, &o
4 604 5 00
Stralghta
Brandy wine ........
6 00» 6 00
Patent, sprlnx
Bnckwbeat Hour, per 100 lbs., 2 50^2 55,
OBUUK.
York. Friday
P. M.,
March
27, 1801.
Agents and commission houses who were anxiously looking forward to the advent of spring-like weather have b»en
3 IS • 3 40 gratified by the favorable change during the past week. The
..» 8 75 effect has, however, been noticeable more in an accession of
cheerfulness than in actual trade results. There was no increase in the number of buyers in town, nor were the operaOom, per bnsb.—
0.
0.
tions of those here characterized by any greater spirit than
Wbeat—
West'n mixed
76 « 791'j of late. As a result business at first hands was again irreguBprlnit, perbnsh... 97 «1 21
W'nmlx.No.2
78 9 79
Bed winter No.2. 1 14ia»l 15»s
Nor
lar, and in the aggregate of very moderate dimensions.
West'n yellow
76 9 79
»3 »1 18
Red winter
Western white
76 9 79 '2 were indications of trade in other sections of the country as
104 HI 14
White
Ryesatisfactory as they might have been. It was no disappointOat8-Mlxed..W ba. 59 « fll
Western, per bush.. 90 • 95
ment to find the demand from the South still lagging behind,
White
59 9 64
State and Jersey .. 92 » 97
but new business and duplicating orders from the West have
No. 2 mixed
59 9 60
76 » 82
Barley, Western
»
it
No.
2
white
60
61
90
80
Canadian
fallen off during the week. How far this was due to the
Buckwheat, per bush 70 a> 72
77 «« 83
atate
prevalence of the grip epidemic in certain Western cities or
The movement of breadsculfu to market is indicated in ilje how far to Western buyers having made a less liberal distribustatement below, prepared by us from the figures of the New tion of their stocks than generally counted upon, cannot just
fork Ph-oduce Exchange. We first give the receipts at Wesi
now be determined. Probably both were adverse influences.
em lake and river ports, arranged so as to present the com The collections from all districts continue good, with the exparative movement for the week ending March 21, 1801. ao'
ception of some slight irregularity in certain Southern States,
rinoe Auaust 1. for each of the last throe vtaars:
whilst cancellation of orders were fewer than usual at this
time of the year. As a rule the market is steady for staple
VMI*.
Itarwv
/iv«.
BwMpu at—
goods, but not without indications that it was working in
Bu 5« I favor of buyers in directions noted below. The jobbing trade
Bl>lt.llWQ»|BluVeOIb« Btuli.Sell» BlM'1.32 16 Buslt.4H
1,384.291
248 485
64 319 has been less than an averai^e with most houses, but this
379S28, 1,117,481
72.018
Ohleaffo
71391 might be accounted for by the fact of the H. B. Claflin Co. tak203,812
14. 1»)
130,000
122,050
2,7i0,
UllwHUkee..
191.944
UalQth
ing the opportunity afforded by its recent warehouse fire to
1.122.830
Minneapolis.
place several hundred thousand dollars' worth of goods, cov968
Toledo
847
72,193
61,293
1,300
ering nearly all leading descriptions, on the market as bar2.968'
Detroit..
130.34S
26.T68
33,135
8,279
gains and making a heavy clearance of them.
8.980
83.802
62.400
748
Cleveland.
19.755
4.918
Domestic Cotton Uoods. Xne exports of cotton goods
at. bonis....
39.598
217.083
651,285
318.930
40.920
11,000
from this port for the week ending March 24 were 10,507
Peoria
1«,600
4,200
185.900
285,000
80,4
7,700
.
"1,
lit
.
I
.
—
..
J./
TouwfBl.
Sam* »k.>SO.
Same wk.'SD.
SMwt Aaa.
171,3=5
2.29«.337
2.078.000
8,089,714
221.582
138.112
l..<127,718
4,813.953
1.082.419
968.018
1S6.356
98.761
27.444
3,453 888
4.638.6"»
4.102.963
2.304.307
1.204.231
83.173.784 61.756,164
93,048,212 114.632 137
62.814,155
57,234,123
26,330.792
21,408.058
71 .340.890'
58.H1. 856
22.aS6 2!H
packages, valued at $.518,865, their destination oeing to the
ooint'f Bpeoified in the table below r
le8»-90
7,18fi.«S
7.8S0.159
6,332 441
ISW--X9.....
81.mi.235
The receipts of Sour and gram <it cue
week ended March 31, 1891, follow:
A(—
dew York
Boston
Montreal
Flour,
Ylhtal,
Corn,
hhU.
117,311
63,436
fmsh.
bush.
9,.591
Philadelphia..
Baltimore.. ..
....
New Orleans..
15.490
60,930
4,775
16,225
Total week. 287.758
Oor. week "90 241,761
218,400
33,662
49.229
45,982
51,478
16,968
848
404,100
143.404
3,050
100,503
163,463
9,707
203,610
seaboartl ports for ibt
Barley,
htuK.
381.000 57,400
110..'>30
6.075
46,061
9,190
65,380
17,500
12,172
58,497
Week. Sinee Jan.
9reat Britain ...............
Other Enroi>ean. ............
China
bush.
1,162
9,022
32.007
3,835
3,057
100
Arabia
50i)
West Indies
352
2.7S0
200
78
26
India
A.trlca
Oatt,
butli.
1890.
1891.
Hew Yobk to Habcr 24.
1.
I880-U1
Richmond
443,082
498,767
319,113
9oath America
...........
415
.6
242
197
83
353
193
3,310
660
1.887
7,752
1.
Week. Since Jan.
35
85
265
19
309
125
63
443
1.
1,117
459
6,570
1,276
2,071
1,232
4,742
580
1,251
7,726
40
370
10,597
4,805
54,697
12,855
1,349
27,866
7,040
15.402
67.552
1.349
34,906
846
i',883
""l59
419.567 1,028,242 691,140 72,665
5.37*
331,628 2.448.840 871,736 117,600 33,125
The exDorts from the several oeaboard ports for the wt-ek
ending March 21, 1801, are shown in the annexed statement:
Total
China, via Vanconver
Total
Kruui
New KnKland
mill
iwmia
oireoi.
The value of the New York exports since January 1 have
been 12,926,494 in 1801. against $1,623,928 in 1800.
MzportM
Tbe demand for staple cottim goods was again irregular.
Wheat.
Oom.
Hour.
OaU.
Ptat.
By.
p^iym—
Brown sheetings and drills were still in good request for ex•
port, and steady for desirable grades, but in other grades
Kuj>h
Buth.
Bbli.
Buih.
But''.
BumK.
Mew York 126.' 75 129,.335 134,257
4,305
14,770 there was a tendency towards easier prices, no actual changes
Boston...
34,663
11,534
31,624
in quotations being reported.
30O
Bleiched goods also were
Portland.
786
19.943 slightly irregular in finest makes; while certain agents
Montreal.
reported mills under orders and prices firm, others were unPklladel
16.806 116,356
41,346
Baltlm're
24,100 162,687
doubtedly well disposed towards buyers. Wide sheetings,
41,183
N. Orrns.
121,097 135,313
827
cotton flannels, jeans and satteens were slow and unchanged,
N.News..
39,85J
4,179
whilst ther^ was but a light movement in colored cottons on
Rlohm'd
account of current orders. Fair shipments were in progress
Tot. week.
323,235 589,069 254,202
4.805
34.713 throughout the week of all the above, and also of white
B'me time
goods, quilts, scrims and table damasks on account of orders
1890... 442,344 2.654,023
194,474 423,023
48.422
107,363
previously booked.
Fancy prints are still ([uoted st«ady for
The vteible supply of grain, comprising the stocks in grauar
popular makes, but there have been further additions to the
y
at the principal points of accumulation at lake
and seaboard styles on which " cut " prices hive been made, these being
ports, March 21, 1801:
such goods as generally find their chief outlet in Southeru
.
o
a
:
r
THE CHRONICLE.
606
fVOL. Lll.
Importations of Drr Good*.
Ginghams and woven fabrics were in comparaA The importations of dry goods at this port for the week
good request at firat hands, and firm in price.
drive " in fine ginghams at 73^0, per yard by the H. B. Claflin ending March
36, 1891, and since Jan, 1, and the same facts
Company on Thursday had no infiuence on the market at
iBTge, the goods offered being neither new nor in popular for the corresponding periods of last year are as follows
Print cloths were unaltered all week for 64x64's at
styles.
s
s
For
3c., less 1 per cent, with only a small business doing.
a
56x60'b prices have shown some irregularity, selling as low as E
33^c. in New York and as high as 3^c. in Fall River. *At the
^ OfiB F. In
B; S
g:
E.
close they are quoted 3^c.@2 0-16c.
a
ii
I
p*
markets.
tively
'
'
:
i
.
atoek of
1891.
JfarcA 21.
PHnt Ololhi—
March
.572,000
411,<»00
5,000
—There has been no
coo
relief
1^ O)
QOCO
rrOO
coco
MCJ*
cc'-^'wcn
tcio
n
to
c
ai ot
Sec.
L.
aDd Treas.
CAPITAL 8100,000.
NEW YORK EQUIPMENT COMPANY,
15 W*l,l, STREET, NEW YORK.
6
PKB CENT INVKSTMENTS
We
•niB'l
IN
SECURITIES.
cah TRUSTS.
offer for bhI*
In large
amounts, glTcn us on sales of
KQCIPMKNT,
RAILWAY
PAR
principal and in^;i;ri;'i'""°""?"'>'""^<">'""'Of
terest being madeai s'on iuteivals. thus Insuring
a constantly-Inert aeing per. entage of security.
'"'
re.lnvestm^nt
S?!V'i?'i1*t,!.''£»„!!"P""""'"'
•* "
^^^
^'^^'^
INVEST-
' "' collection, 4c.,
»i?il..^.""u
without
charge.
attended to by us
Further particulars on appilca-
FOR MALE.
Issue of
Bonds.
CITY TOWN AM) FARM MORTtlAGES.
WANTED,
»TATE, CITV AND KAII.KUAD BONDB
New
7%
OK
«iEOR<;iA.
F. \\. .lIII.I,ER&rO.,
Stock A Bond Brokers
ATLANTA, (iKOnr.lA.
T
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GENUINE
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CHKOME
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0-u.ot b. 8-w.<.^m^or^nr.i.«|;
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'
1
Spencer Turner,
SUCCESSOR TO
Brlnckerhoir, Turner &. Co.,
MANUFACTURER AND DBALBK IN
COTTON
SAIL
DUCK
AND ALL KINDS OF
COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
RAVENS DUCK, SAIL TWINES, 4c..
"ONTARIO" SEAMLESS BAGS,
"AWNING"
AL8i>,
STRIPES.
AGKNTS
A
fpll
supply,
Widths and
all
CO.
Colo's, always In
stock.
first
Street.
&
New York, desiring an AGENT or RESIDKNT MANAGER in New York, will be reprosftited by experienced business maa having hu
Outside of
own office, with sole or part time.
references given. Address,
Brokers
Bonds furnished
LOUIS
r. 8 HLIEP,
10 Wall Street, New York.
mortgages
Stock
Duane
COMPANIES AND CORPORATIONS
Sroo.OUO
KIOO.OUU
FRANK LtlN HALl.
St.,
CD
5
» to -ito »
>>
^
M c
— Ci.vlo»*1
a M
3
1
^mn
leaves ninc-lcntlis of
the cost of every
iiiee»«>age t^eiit.*
>?
Boston,
AOOOUNTANT.
NOTARY
I
;^
UNITED STATES BUNTING
"srtlflcates
244 Washington
r
V
X to v>
00
CJI
to
J.
bearing 6 per cent Interest, pay.ii^°''
able
.eml-atinuaiiy, withaddftlonal profits, for sale
at *»5u per share.
WILiLiIAM
"0
*_ 0DO®*M
a
M
deposited In trust with the State
with
w
lUtsceUaTiepitiB
...
Money loaned on noa-negotlable
vo^espondenoe
ir
MD 5
f 9^ c
I
MOi-J'lOi
i-r
j
ODCtJ'^if^M
COM
03 _
0» MlHNIAPOLIS, MrNN.
^
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to
o CO CO
aM
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10 K*
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^:pod — O
OSrf^^CDM
MCO
OlO
^
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3
M
c;'W
toco
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to
Minnesota Saving Fund
Investment Company,
"*
A
fe-
^(^
toio-itoco
(JO
rf^n-OOSO
No. 109
Auditor
5'
w
aovKxta
rr
•-•
ts
tf»>OQCC0Cn
<iX)<i-^t-^
it^tOiXKlCD
10
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FmST AVBHUB,
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g
Fulton,
Casltal Subscribed
^
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o
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ODf^OOMiU
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creditors carefully arranged.
BROOKLYN.
too
CO
05M
Books and accounts audited and adjnsted
Settlement of Insolvent estates on behalf
of
'"^*^*'»
BouJ""*"''^
Bole»tan.f.er,imheU.8.
Oitx
tOQCOOJM
BIRiniNGHAlH, AL,A.
SECURE BANK VAULTS.
„^,
WELDED
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y
MMtOrf^OS
to 03
m£?,'Ji.*V.''.5
MENT
'-
0000® CO OS
ATTORNEY AT LAW.
1813
MMK-M
^1
Alfred H. Benners,
"OHM OP INVESTMENT F0%
2^2?,^ WISHINO TO -TURN OVER"THKIB
<i
^-^tilCOCJ'OD
old claims receive special attention.
Refers to R. T. Wilson * Co., 83 Wall
bearing 8 per cent Interest, at
i
1
Attend only to *^lvil ar.d Probate business In
Texas and Indian Territory. Have a selected correspondent at every point of Importance iu Texas
and Indian Territory, and have connections everywhere. Will act as General Agents for l^urapean
Land and Cattle Syndicates, and will make special
reports for Investment Companies and Bankers,
and accrued Interest. These are secured by lien on
theequlnment sold, until all payments are made,
with Kenerally a cash payment of 25 per cental
".''.'*'*•*''? monthly or quarterly payments
Jl'Sf.
'<" <"•» to «»e rears
A
i!'i?J?S'"irT g'"i.'5'"'°<(
.
!
Si
DENTON, TEXAS.
an
:
:
_>-
coo
ATTORNEY AT LAW,
CAB TRUST
:
ODCCOtQDCO
CC
Seflal.
Wm. v. Carolin
Vice-Prea't.
Sjiill
!-;..»
u
MtOtOtOCO
- ^ It^ '£>
00QDr-|^=O
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K*-
G. P. F. Coopek,
cou
OJM
W>fcOO»-OS
—
^iwaucial.
I
:
:
2
I
Pres't.
til-'
6:
:
condition that may not be altogether independent of the fact
that the importations of foreign worsted fabrics so far this
year are |1, 500,000 less in value than for the corresponding
period last year. The demand, such as it was, ran much in
the same grooves as during the previous week, union cotton
warp and low and medium all-wool makes being more in request than finer Koods, f ither in heavy woolens, spring CBSsiffercoatings were comparatively
meres or worstecl suitings.
neglected by the clothing trade and there was but a light
Fine doeekins
call for cloakinffs, stockinets or Jersey cloth.
were in fome request on duplicating orders, but rfither in
these, Kentucky jeens nor sitinets was there any new business of moment. Agents reported a quiet distribution of
blankets and flannels, and jobbers about an average trade in
the same lines.
FOBEION DiiY Goods Importers and commission houses
have found foreign fabrics in but little better request than
domestic g<x)ds
The demand has run more pan icularly on
specialties, where it has risen above sheer inactivity, and the
aggregate business for the week has fallen short of an average. Although business is dull, prices are firm, and even
where stocks are fairly large buyers find no advantage be- C
yond wider selertion on that account. The jobbing trade in
to
imported goods was steady without activity.
James mriNB.
s
Jjone.
from
The'business done from day
late dulness in this department.
to day by personal selection was light in the extreme, and duplicatiDg orders, which oueht now to be coming forward more
mely, were disappointingly few. Agents still report steady
price's, with mills engaged ahead for some time to come on
most leading lines of men's- wear woolens; but there are eviderces hfre and thf-re of exceptions to the rule. The worsted
branch of he trade is probably in as good shape as any —
Domestic Woolen Goods.
2:
iiiii^
-^3.
•None.
(eat)
i
5,000
341,000
60,000
10,000
FaU RlvernaanufaoturerB
TotaJ stock (pieces)
22.
204,000
368,000
None.
Held by Providence mannrers
OatBlde speculators
March
Si
1889.
1890.
<5S
^
Telegraphic Code
^^ Indispensable to Merchants,
Bankers,
and business men generally.
inoot complete Code book published
Benton receipt of price ($2. .50 per copv)
part.s of
the World.
By mail add 1 4
pr7ni.ir.
M
B.
cents.
I
to all
lYRREL.
Sole Apent,
74 Maiden Lane, N. Y.
H.
LIEBER'S
TELEGRAPHIC CIPHER. JOSEPH GILLOTT'S"
a and
4 Intone Street,
New
York.
has pr duced a
^?,'*n^"'* I'lBBKR
f r
bankers, stock
bmt.r. i,S'"^'' available
merchants
CIPHKR
of every class.
stmnl Si'i'7'*™
I";!
matched
only by its Ingenulty.Jmi™!!)„J
A"^ '" r«.
JmrruA
of Coninif
A'eit; I'orfc, Or?. 28, ISSS.
Us
S^Send
tor list or Subscribers.
STEEL PENS.
GOLD MEDAL,
Paris exposition,
188a
THE MOST PERFECT OF PENS.
i
@FedFRASER