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W xtmtk
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, MARCH
50.
NO.
1890.
29.
1,292.
Compared with a year ago the week's clearings exhibit an
%\xt ^hvowidt.
increase of 1'6 per cent, all but eleven cities contributing to it.
Owing to the much smaller share dealings this year the New
York figures record a decline of 4 '5 per cent, but the aggre-
—
Terms of Subscription Payable in Adranee:
$10 20
For One Year (mcliullng postage)
do.
6 10
For Stx Months
11 50
European Subscription (inoUidine postage)
(lucludiug
6 75
SubBCrlption
Six
Montua
postage).
European
£2 8s.
Annual Subscription in London (including postage)
all other cities exhibits an excess of 12'6 per c«;nt.
The most important gains have been at Tacoma, 146'9 per
gate for
Denver, 73; Galveston, 632; Dallas,
Omaha,
Lexington,
467;
441, and Fort Worth, 42-5 per
Six Mos.
Sutplement, of 150 pages, cent. The exchanges at Duluth and Los Angeles continue on
These price.'? Include the
issued once in two montlis, and furnished without extra charge to
a lower level than during 1889, but in the present statement
subscribers of the Chronicle.
the losses at those cities are respectively only 14 and 0'6 per
A file cover Is furnished at 50 cents; postage on the same is 18 cent.
Compared with 1888 the current aggregate exhibits an
cents. Volumes bound for subscribers at $1 00.
13-5 per cent.
Subscriptions will be continued until definitely ordered stopped. The excess of fully
publishers cannot bo responsible for remittances unless made by drafts
do.
Is^'estors'
do.
or Post OIHce
money
—
do.
*1
....
cent; Sioux City, 1041;
.50-7;
98.
orders.
1890.
Advertisements ordered for less than one mouth, in the Commercial
at 25 cents per line each inserfor one mouth or longer, a liberal discount is allowed, and the net price* may be obtained on application at the oBice. The lowest rates on permanent cards dcliuitcly ordered for one year are 8 cents per line each insertion, making $58 for
one inch space one year, Space is meiisured in agate typo— li lines to
the Inch.
New York
and
-HO 6
Bedford
89,H96,65l
4,e32.2uO
1.502,436
1,022,298
1,138,717
1,006,312
t55,854
748.801
862,165
-7-1
97,433,607
5,070,900
1.S86.9S7
1,310.813
1.151,585
1,192.117
l,176.Me8
804.932
381,7S0
New
111,068.021
101,166,868
+V8
110,349,639
71,202,200
14,383.247
13,346,185
1,33».198
825,328
690,378
8.226,090
68.101.889
-H6
68,942,433
-t-8-8
12,44T,fi86
ll,!-»l.h23
-t-15-6
-i-18-8
IS,7»4..S60
15,3'!0.07S
-(81-3
l,3n.37a
+11
-1-11-0
1.642.859
821,466
-i-18-1
74.1,431
634.725
f6-8
768.688
5,654,616
101,790,631
95,130,900
-t-7-0
101.223.279
69.613.596
12,263,850
4,731.463
4.8«7.!1C
67,758,888
9,858,900
4,215.746
4.186.496
-h80-6
-f84-4
4-8-5
•fl2 8
67.811.904
12.458,400
4.744,370
-t-17-0
5,.19-i,0l7
-(-19-8
Cleveland
4.!!62.»6S
S.lJ68.e08
(-839
4,284, <6;
Columbus
8,037.900
1.875,522
1,262,819
787,031
2,229.600
lilbO.438
1,316.3U2
606,177
-f36-t
102,838.363
13,473,029
589,100
686,211
1,484,096
1,022,478
14,748.840
14,816.408
9,703.087
4.871,697
3,811,849
4,788,372
6,638,008
1,669,868
1,647,160
710,884
889,807
698,708
684,708
836,655
7,787,838
8,870,39"
8.199.856
8.322.432
3.200.760
1,929,342
1,866.963
663.K84
-(-84-6
-1-30-9
4!l&,780
-(-104-1
588,700
458,568
369,790
-(-14-4
34,434,615
26.472,893
+80-1
19,642,896
9,466,616
7.889.790
2.648,186
1,984,337
1,616.878
1,009,415
886,343
709,887
449.681
18,604.254
10,606,296;
5,718.902
8.520,643
8,080,609
-(-89-8
—1-6
10.867.286
7,418,148
8,631,616
1.974.637
990,689
-(-63 -a
1334.407
e69,8M
•t60-7
(-48-6
1.289.877
H4-6
+ 46-7
7B4.6IS
400,966
1,690.666
bble.
Boston
Providence
Ilirtford
New Haven
B. »ANA Sc Co., Pabllsliers.
Wllllaiu Strec«,
Y'ORK.
(triLHAM
J
j
(jjj
Post Office
(
Worcester
Portland
NEW
I^owell
Box 958
New
Total
CLEARING HOUSE RETURNS.
The following
table,
made up by
England.
Philadelphia
Pittsburg
Baltimore
telegraph, etc. (as fully
Wii'ihlngton
explained on this page in our issue of October 36 and previous Wilmlngion, Del.
numbers), indicates that the total bank clearings of all the Syracuse
Buffalo'
clearing houses of the United States for the week ending to
ToUl Middle.
day, March 39, have been $955,978,855, against 11,037,736,533 Chicago
Cincinnati
last week and $998,537,634 the corresponding week last year.
Milwaukee
Detroit
\retk
Cleakixos.
1890.
New York
Boston
Philadelphia
Baltimore
Chicago
St. Lonls
New Orleans
Seven
Other
days
6 days
cities, 5
citieB,
Bndlna Jfarch
29.
India napolis....
lUtums by Tele^aph.
1889.
Peoria
$471,410,169
69,467,712
52,351,578
10,915,251
59,779,000
14,882,174
7,611,487
$523,171,658
73,620,200
53,925,465
9,248,668
45,580,000
14,550,851
7,916,461
t6S6,447,421
108,423,118
$727,912,323
90.214,108
Orand Rapids
-99
Total
all cities,
Total
The
S days..
Iday
all cities for
full details
week..
«794,870,539
161,108,316
1956,978,855
of clearings for the
$318,126,131
180,401,203
-HS-3
-I-31-2
Portland*
Tacoma
Seattle*
-I-2-3
—3-8
Total Paotflc.
-6-7
Kansas
We
Paul
Omaha
-2-8
-10-7
week covered by
City..
Minneapolis..
-1-202
Denver
Uuluth
St.
$998,."i27,034
above statement will be given next Saturday.
.
San Frsnotsco..
Los Angeles ...
St.
Alloltiea,
.
Total Middle Western
-5-5
-2-9
Joseph...,
Wichita
Sioux City...,
I>e8 Moines..
Lincoln
the
Topeka
cannot, of
Total other Western.
bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in St. Lonis
New Orleans...
the above the last twenty-four hours of the week have to be Louisville .....
Memphis.......
in all cases estimated, as we go to press Friday night. Below Richmond
course, furnish
them
to-day,
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
f
Galveston
Dallas
Fort Worth....
Norfolk
,
Lexington....,,
with the comparative totals in 1889.
NashvUle'
Contrasted with the previous week the aggregate exhibits a Birmingham*.
Chattanooga*..
noon March
23,
1308,943
,
decrease of nearly eighty-flve millions of dollars, the subjoined statement showing the loss to be entirely at New York;
and, furthermore, almost wholly due to the falling off in the
volume of speculative transactions on the Stock Exchange.
438
89,3-5,887
4,584,H00
I,9H0,832
1,119,482
1. 078.550
1,032.703
9.7,874
667,311
336,542
iMlM
bushels.
Springfleld
wTTTiu
I.
T.i»A
WILLLAM B.
DANA.
JOHN G. FLOYD.
711,886,516
9,l44,E
(1.508,044)
(274,300)
(60,480,650)
(12,744,000)
(Cotton
S.mith, 1 Drapers' Gardens, E. C, will take sub
advertisements and supply single copies of the paper at
1-5
P. Cent.
(8«8,216,
(493,100)
(41.867.625)
(4,116.000)
tliares.
(Oraln
(P4tT0leum
Edwards &
\P.CtnU
1889.
627.2 56,53f
Sales of—
(Stock!
Iiondoii Asents
scrlptions
Is. each.
Star. 15.
AdTertisiiig.
A Financial Chronicle, are published
tion. When orders are defluitely given
Messrs.
Wetk End's
TVeek Ending JforchSa.
Terms of
80831S
4e»,oao
Total Southern.
(-(-79-8S
(—30-8,
(-677)
-81
-f30-5
-i-B-5
-6-8
+26
-fl4-2
-12 3
(1,526,4671 (-16-6)
(520,000) (+126-9)
(82.4se,e75l (-25-8)
(3.684,000) (-74-8)
-HS-6
-K-7
-(-88-8
-M-0
+16-8
-HlO-7
+14-6
•(-8-8
-(-12-8
-fao-j
-fll-S
•(9
-6-8
+18-6
4-18-9
-(19-6
-t-ll-6
—40
2,864.200
8.0J1.8S4
1.886.603
-t-30-0
759.69B
-9-8
-0-8
85,109,465
-i-SO-8
101,728.609
+8-3
13,346,654
598,804
277.944
t-lO
-0-6
15,378,641
674,907
-(-146-8
668,923
-(188-8
1,746,881
965.869
681.198
619,160
306,469
-t-8-
fl9-l
44-1
73-0
-140
+30-1
16,618,471
-(-8-7
9,180.590
4.287.938
8,760.363
4.619.983
4.818.688
1,638.677
l,e»<,198
(-11-9
-r)8-o
•i-8-7
-6-1
-B-7
•Hs-a
9-9
-H)-9
849,606
498.698
661,157
831.976
-I-31-6
-10-8
-HM-1
t6-9
(-64-6
-18-0
-1-6
-14-S
(14-8
81.007M1
?10.173
•flS-4
-11-8
-i-10-8
+1-4
-1-8
-(-19-8
858,878
481,886
45,693,127
48,009,072
1,037,736,622
1.182.438.748
410,470,98Outside New Tork
• Not Included In totals.
,
(-42-41
'4 10.^46j838
+6-9
+9«
THE CHR0NIC5LR
432
[Vol. L.
5^ per cent ; four months' acceptances, 6i@6 per cent,
and good single names having from four to six months
Notwithstanding we have all the week been in sight to run, 6@7 per cent.
of a new month, a period which has been anticipated
The tendency of money at London has been towards
with anxiety in financial circles, money has really been lower rates. There has been no change in the official
tending downwards instead of developing stringency. minimum of the Bank of England, but the open market
THE FINANCIAL SITUATION.
be sure, in the call loan branch of tae market at the rate for discount of sixty to ninety- day bank bills is
Stook Exchange, there was a little more activity on Thurs- now 2f per cent. All fear of gold exports for the
dayand a like movement again yesterday; but these were present seems to have subsided, while the Bank is
evidence merely of a momentary friction a slight strain steadily gaining bullion ; the gain this week is reported
and then the old conditions again. That they had nothing at £147,000, which, according to a special cable to us,
to do with the real state of the market and in no manner was made up by imports (principally '• bought " but
represented it, is sufficiently evident from the fact that part from Brazil) of £165,000, and by a shipment to the
some of our banks have actually been compelled to interior of Great Britain of £18,000. This leaves the bulmark down certain of their call loans to 4 per cent, lion in the Bank of England £24,253,122, against £23,although endeavoring to keep up the minimum to 5 per 681,659 in 1889, with no immediate drain in prospect,
To
—
What
cent.
every one anticipates seldom occurs.
All
the bankers and brokers made
vision for bridging this period, and have had no need to
unusually large pro-
but abundance to loan. One institution is
reported to have offered 3 million dollars on Thursday
borrow
moment
chance of getting something of a supply from
unless the demand for securities should
The Berlin market is reported to be getting
increase.
more settled towards the close, but the open market
and a
fair
New York
rate
is
now 3|
per cent
;
at Frankfort
it is
also 3i,
and
of the flurry.
at Paris it is 2f per cent.
This situation has been in part due to the extreme
Our foreign exchange market has been active and
This is the result of easier money
quietness prevailing at the Stock Exchange the last higher this week.
two weeks. Scarcely ever before has the aggregate here, a scarcity of bills offering, the absence of bond
value of the sales been so small ; even during this negotiations and a demand from bankers to remit for seThe selling ixntil
period of phenomenal dulness the current week has curities sold on European account.
at the
been conspicuous, the shares sold aggregating only
706,303 shares, against 868,316 shares last wesk and
Moreover, last
1,526,467 shares the previous week.
Saturday's bank return was a very favorable one and
was made too on a rising average, while since then
the Treasury has paid into the banks more than it has
taken out. On the other hand, there has been some
call for
currency from the interior, causing a pretty
movement is not
steady drain, but the net result of that
Thursday was quite liberal, and under circumstances
which indicated a fear of financial troubles on the Con-
On Monday
tinent.
the drawers posted 4-83i for
On Tuesday the quotations
all
long and 4'86| for short.
were moved up to 4-84 for sixty days and 4-87 for
On Wednesday there was another advance of
sight.
Thursday there was
half a cent per pound sterling.
all
the drawers except
half
cent
by
a
rise
of
further
a
Brown Brothers &
and yesterday the quotations
Co.,
were advanced by Brown Brothers & Co.,
Besides this they posting 4-85 for long and 4-871 for short, but
increase of reserve in their return to-day.
better present condition of the banks, there is the anti- Kidder, Peabody & Co. and other bankers posting 4*85
cipation of 6 millions of interest coming out of the for long and 4-88 for short.
Treasury on the first of April, added to a pretty
The completed trade figures for the month of Febgeneral belief in a return of currency from the ruary have been issued this week, and they disclose the
With then same marvelous condition of our merchandise exports,
interior soon after the new month opens.
speculation quiet and no great need for money now, which has been so conspicuous a feature since the new
while reserves are ample for the moment and promise fiscal year began. The total values reach $70,487,997,
an increase, it is not surprising that rates should keep which is the largest total that appears for any February
large, so that altogether the banks ought to show a further
for long
The
in our record, and our record goes back to 1875.
Including the little flurry of Thursday and yesterday nearest approach to it was in February, 1881, when the
the highest point touched in the call loan market has merchandise exports aggregated 167,733,807.
In Febbeen 5 per cent, the lowest extreme being 2\ per cent ruary, 1889, the corresponding total was $59,862,147,
and the average being not far from 4 per cent. For time and in February, 1886, it was $51,905,334. An importloans there is a good demand, but no urgency, the sup- ant fact in this comparison with last year is that the
ply of money on first class collateral being abundant, larger aggregate is not at all due to cotton in fact the
down.
—
though lenders are inclined to closely scrutinize offerings
of other than that kind of security
rates are 5 per
cent for sixty to ninety days, and 5^ per cent for four
to six months.
There has this week been another im;
portant failure in the dry goods trade.
lished house was compelled to
An
old estab-
make an assignment, having
cotton exports were smaller this year than in the same
month of 1889 but is due mainly to breadstuffs and
—
from the following statement
exports
of breadstuffs, provisions,
by months of the
eight mouths of the two
the
first
for
oils and cotton
provisions, as piay be seen
fiscal years.
been in business over twenty-five years in this city. Still
the market for commercial paper has been better than it
was a week ago, due chiefly to the better condition of
the banks, but in part to the fact that the best houses
are not pressing their paper.
names have been recorded
Some
sales of
first-class
at full rates, the transactions
referred to being claimed to be exceptional
—made by a
broker who was carrying a large supply of notes and who
was desirous of reducing his line. Rates are a little easier;
we quote sixty to ninety-day endorsed bills receivable,
\SreadiCffs.\ Provisions.
|
Oils.
$
!89-90.
9,806,9451
July
August.. 13,362,776;
9,864,800j
Sept
October 11,494,073J
Nov
10,053,430i
Dee
Jan
Feb
14,067,3261
11,558,6201
14,639,608
i
,943,685
,998,406
,557,893
,499,322
4.60O, 906j
6,431, 464|
4,578, 668,
Cotton.
*
2, 946,310
Total.
I
3, ,517,835
17, ,907,778,
4,916 ,794' 45, ,348,540|
,787,502: 4,184, 196' 47 ,555,038
,123,739| 4,493 ,868 41 ,925,676
,869,274| 3,090, ,067
,818,645; 3,139 ,123
28 ,869,103
21,439,137
,297,846
310,481
909,139
258,739
,580,166
610,609
387,064
036,513
Total.. 94,847,578 104,598,466 35,435,086 209,509,417 444,390,547
March
THE CHUONICLR
29, 1880.J
\Brend»l'ffii.\ Prortitiont.
|
88-8».
0,771,937
9,334,059
7,805,572
12,758,169
7,535,277
11,704,940
6,947,631
8,264,4ll!
10,242,778 10,657,181
10,833,224^ 12,096,383
9,258,560
8,293,765
7,004,452
July
Au^st.. 12,106,726
Sept
October
Nov
Dec
Jau
Feb
J
Oili.
Ootlon,
$
*
Total.
1
4,143 ,042
5,,447,016
2,,853,327
4,82 i ,139
4,002 ,374'
8,,999,288
4,937 ,876 31,.632,519
4,361 ,040 38,,929,210
This
figures.
being
so,
it
the
that
significant
is
should as a rule make a particularly
27,266, 447 good comparison.
We give on another page our usual
29.118, 251
weekly
sumtnary,
covering
the 3d week of March, and
33,565, 403
55,810, 612 find that on the 50 roads included in that statement the
latest returns
*
58,502, 292
3,565, ,769
4,098, ,260
42,,579.6171 67,045, 345
3.509 ,479
21,,807,152
27,,394,239j
433
54,422, 106
42,868, 902
week
increase over the corresponding
in
1889 reaches
12 "35 per cent, and this follows a gain last year of
12'74 per cent on 82 roads.
Quite a number of roads
73.406,606'33,441,979 179,642,368 368,599,418
which had previously formed exceptions to the rule of
increase and shown losses some of them for a long
foregoing is a little more than 9 million dollars larger period of time have latterly joined the majority and
than for the same month in 1889, whereas the total are reporting satisfactory gains with the rest. Among
merchandise exports for February, 1890, was a little those of this class may be mentioned the Atlantic &
more than 104 million dollars larger than in the cor- Pacific, the Chicago & Eastern Illinois, the Peoria
responding month of the previous year consequently Decatur & Evansville, and the Buffalo Rochester &
about 1^ million dollars of the month's increase is dis- Pittsburg, thus indicating the prevailing drift and
.T otal ..'82,108,465
The February aggregate
—
of the items given in the
—
;
among
tendency and showing how general the improvement is.
but are only about one
The February return of the Pennsylvania, issued this
million dollars in excess of February, 1889, while they week, also furnishes striking evidence of the activity of
are 3^ million dollars smaller than in February, 1888. business.
The Pennsylvania of course is a representtributed
the miscellaneous items of exports.
Imports also continue
free,
The complete statement
of the trade
movement
is
sub-
joined.
ative road
—that
ent industries,
rOREiaS TRADE MOVEUEST OF THI UNITED STATES— (OOOs
OlUlttSd.)
affect
is, it is
all
of
The
income.
its
representative of
which contribute
many
differ-
to its traffic
gains in earnings for
and
many
months now,*as our readers know, have been very large,
and there is as yet no indication of a change. For February the increase over last year (lines east of Pittsburg)
is
In that
reported as $429,935, or about 10 per cent.
month
last
year the increase had not been particularly
noteworthy, but in 1888, in 1887, and in 1886, the gains
were very heavy indeed, so that against the gross earnings
Total
lii.OSO
SSSH
sr-ss
304.017 4 re.; 08
8586
84S5
5ia.l04 443.W7
461.807 410,»18
540,32; 380,754
*
Excess ol Imports.
If
».380 •J0,808l+13.422 -fiMO
27,93»j4O.303 4,274 36.028, 19.701
6(i,157 40.5041 4.845 33.740:18.323
6.50721,420
50,859 19.041 ta.444
59,673'-i3,358l 4.361' 19,007 !tl.721
t
10,388
8.149
6.064
8,801
l'J.259
lii.629
11,236 10,486
Exceas of exports.
we include the movement
March
and silver, the
months shows a
of gold
trade of the country for the eight
favorable balance on
l-.i,462
11.812
1 of $119,975,244, or say
about 40 million dollars in excess of the average of 10
$4,851,091
of
was
1885
in
million
over
dollars.
year
last
interest
the trade of the country stood in as strong a position
at that date.
This, as we have many times remarked,
is
a favorable circumstance of
first
importance in any
forecast of the business outlook.
As regards general business, while the accounts are by
no means uniformly favorable, and in the iron trade there
a very depressed feeling because of the recent decline
in prices, the one fact which still stands out more
is
prominently than any other is that the volume of business remains on a very large scale, with both production and consumption very active.
This is a statement
we have been obliged to make many times in recent
periods, but in that particular the situation is wholly
unchanged. Even in the iron trade, there is no complaint as to consumptive requirements, though buyers
at present are holding
off in expectation of still
lower prices. Just now statements of bank clearings
do not show the full measure of the business in progress, since speculative transactions on the Stock and
most other exchanges are very small. Eeturns of railroad earnings would seem to afford a much better
guide, such changes in rates as have occurred being
generally towards lower rather than towards higher
a
February,
In net
earnings
the
small,
is
in
little
1890,
the
total
excess
of
three
the improvement
company having:
In fact,
remained
nearly stationary.
For instance, the net for 1890 is
but a trifle heavier than for February 1887, while in
the meantime gross receipts for the month have been
enlarged $862,000. But it is through these increased
expenditures that the Pennsylvania has been raised to
to its present high state of efficiency, permitting of such
satisfactory service to the public.
The following is a
been
for
in
liberal
expense
its
account.
successive Februaries
several
month which we ordinarily allow for
due by us in Europe on investments in American
properties held there, and for undervaluations, freights, summary for a
Comparing these results with previous similar
&c.
LIWES EAST OF
statements, we find that it is a good many years since
million dollars a
for
only
our usual form.
series of years in
ISOO
1889.
net has
1888.
1887.
PITTSBUBO.
FeiruarvftroBB
t
t
eamlDRs
t
8.983.788
1888.
1888.
t
*
3.549,475
4,851 ,i;91
4,421,156
4,379.455
Operat'K expenaea.
3,455,060
3,020,714
3,081,1« 2,608,631 ;8J8ol,87I
Netmmlnga...
1.395,131
1,S91.44S
1,358,883
1,380.157
-85,899 -207.403 -112,643
+3.475
Weatem
linea
Heanlt
Jan. 1 to March 1.
arosi earnings
Operat'K expenaea
Nat earnings...
Weateni lines
8,845,81
830,489
-55,108| -805.180
1,287.604
1,309,832
1.184,039
1.248.740
1,383.638
1.218,608
625,309
9.993,408
8.949.908
6,4T?,664
8.578,438
7.840.SS*
•.971.011
•,3S8,8U
7,202,285
6,809,230
5,846,061
4.751.866
4,638,160
2.701.171
8,472.838
8,.'!84.8a3
2,694,808
2.819.148
1,381,063
+68.068 -158,102
-51,918
8,310.136
8,309,891
2,78«,!4B
Beault.
8.078,700
It will be noticed that the
+168,486 -188.786 -847,987
8,788,934
Western
8.080.856
lines
1.873,07«
indicate
decidedly improved net results for the month, there
being a deficit of only $85,899 for February, 1890,
against a deficit of $207,403 for February, 1889. For
the two months the net result on the combined eastern
and western lines is $470,110 better than for 1889.
Very satisfactory exhibits of net earnings for February
come from other companies, too. The Union Pacific,
which on account of snoAV blockades was expected to
show a loss, reports quite a heavy increase in gross and
a slight increase in net.
in the face
of the
trade, reports
The Philadelphia & Reading,
unsatisfactory condition of the coal
an increase in both gross and
net.
The
THE CHRONICLR
434
Erie gaina as
Then
much
as 1345,310 gross
and 1125,519
net.
the Cleveland Cincinnati Chicago & St.
Big Four with net of 1285,859, against
the Chesapeake & Ohio, 1123,000, against
there
is
Louis or
$241,989
$75,000; the Wisconsin Central, $94,492, against
the BufiEalo Rochester & Pittsburg, $55,636,
$25,593
against $37,194; the Baltimore & Potomac, $23,511,
Western New York & Pennsylvania,
against $19,882
Canadian Pacific, $162,449,
173,827, against $33,636
;
;
;
;
$150,544
against
and the Iowa
;
Central, $60,912,
after the
[Vol. L,
days of April, but everybody may be
as has been the case so
early
disappointed in this respect,
many times
It
before.
possible, too, that the effects
is
of the great storms of the last few days will exercise an
unfavorable influence for a time. These storms, ac-
cording to yesterday's reports, caused a large loss of
and an immense destruction of property at Louis-
life
ville,
West.
and worked great mischief generally in the
As a result, the market closed quite weak
yesterday afternoon.
The following statement,
made up from returns collected by us, shows the week's receipts and shipments
have no special significance.
Considerable efforts have been made the past week to of currency and gold by the New York banks.
harmonize differences with regard to railroad rates,
Shipped bv
yet Interior
Received by
tr««* eniMnB March 28, 1890.
Movement.
JV. T. Banks N. T. Banks.
and place them on a stable and profitable basis for the
»l,615,0fl0
IjOss.
1^75,000
$1,340,000
Meetings have been held both here and in the Currency
future.
600,000
Loss.
600,000
8ol<J
defiany
West, and while it can hardly be said that
12,215,000
Loss. 1 875,000
11,340,000
Total KoM and lecral tenders
nite or final settlement has been reached with regard to
With the Sub-Treasury operations the result is.
the various points at issue, the progress actually made,
and the spirit shown, give promise of good results in
Out of Banks. Net Change in
Week ending llareli 28, 1890.
BaTik HoldiTVtsThe meeting in which the most interest
the end.
A
against $42,258.
centred was
of
the
that
Trunk
few roads report
in
this
city
lines,
the
lines
losses,
but these
representatives
of
Banks Interior Movement, as above
11.340,000
13,100.000
t2,!!15,000
Loss. $
12,200,000
Oain.
$14,440,000
114,415.000
Snb-Treasnry operations
in
the
Central
Northwestern roads and the
Lake transportation lines. The object was to decide
npon a fixed schedule of rates to be enforced on the
opening of Lake navigation, preventing the strife and
demoralization which prevailed last summer. The
chief difficulty was with regard to the differentials
claimed by the lines via the Lake Superior points. It
was contended that as far as Lake navigation is concerned, Duluth is as near to Buffalo as Chicago is, but
that the rail distance from Duluth to St. Paul
is
very much less than the rail distance from
Chicago to St. Paul. Hence the Duluth lines
on differentials in their favor, ranging
insisted
from 10 cents on 1st class freight to 3 cents on 6th
The Chicago lines at first were unwilling to
class.
concede this the second day they practically yielded
that point, when another obstacle appeared, but before
the adjournment a resolution was passed proposing an
advance in rates via Chicago, so as to give the Duluth
the resolution received a
lines the differentials asked
three-fourths vote, but as it was not unanimous it is
thought there will be some difficulty in carrying it into
effect.
In the West efforts have been made to rehabilitate the old Western States Passenger Association and
restore passenger rates, which are now so badly broken
The attempt has met with a fair measure of sue.
up.
cess thus far, and it is believed that it will not be long
before passenger affairs will again be placed on a satis,
Total gold and legal tenders.
Gain, t
875,000
900,000
25,000
Traffic Association, the
The
European banks
corresponding date
Ongland
glance
^rmany
..
TotaL
Sold.
£
£
£
24.252,122
24,252,122
50,387.000 50,271,000 100.658,000
28,482.667 14,241.3!I3 42,724.000
bullion
at the
28, 1889.
a«v«r.
lotal.
£
22.681,659
22,681,856
40,531.000 49,487,0X1
30,477,333 15,233,667
90,018,000
45,718,000
21,071,000
12,131.000
4,149,000
5.538.000 15,535,001
21,658.000
10,459.000
5,060.000
7,071,000
1,429,000
4,287,000
2,768,000
1,333.00(
2,858,000
rot.preT.Wk
of
and
5,467,000 16,191.000
5,779.000
4,680.000
Nat.RelRium
week
March
27, 1890.
Sold.
i.nst.-HanK';
Ketherlands..
Tot.ttals
amount
this week,
last year.
March
116,1 26,789 87,911,333 204,038,122 107.051,992 88.714,667 195,768,859
115,581,798 37,635,686 203,157.464 107.435.837188,913,338 196,348,670
PROPERTY RIGHTS IN RAILROADS PROTECTED.
;
;
following table indicates the
in the principal
A
and a quesimportance
have
unusual
tion of constitutional law of
been settled this week by two decisioas of the United
We were in imminent danger
States Supreme Court.
of permitting our great carrying interests to be irrevrailroad question of wide siguificance
vocably embarrassed by Socialistic legislation, and we
were in further danger of suffering the law-maker to
become the arbiter of the constitutionality of the law
The
Both dangers have been averted.
he had made.
findings of our highest court are such as to put to rest
these issues which had been so vigorously raised,
making the present adjudications distinguished, like
factory basis.
that court, as
Finally, Chairman Walker of the Inter- so many other adjudications
of
State Railway Association, has called a meeting of the marking an epoch in the industrial and constitutional
members
of that Association for next week,
and
this,
history of the country.
Each of the cases referred to is an action brought
reorganizing the Association on a stronger and more against the Railroad and Warehouse Commission of
comprehensive basis.
Minnesota, one by the Minneapolis Eastern Railway
it
is
taken, foreshadows the submission of plans for
Our
Company an'd the other by the Chicago Milwaukee &
and prices St. Paul Company. The Minneapolis Eastern is a local
now up, now down, but road confined wholly to the city of Minneapolis, and
stock market remains in a dull and lifeless con-
dition. Transactions are
on a very small
fluctuate within narrow limits,
scale,
with no definite or decided movement in either direc- does no other business than switching cars for other
Even the decision of the United States Supreme companies to and from mills and industries situated
Court on the question of the power of State Governments upon its line. A uniform rate of $1 50 per car was
Without any
to fix railroad rates, had no effect in stimulating activi- charged by the company for this service.
ty, though the decision is of the utmost importance as notice or hearing the Minnesota Railroad Commission
affecting the future of railroad properties.
There has issued an order requiring a reduction of this rate to one
tion.
been some selling of securities for European account, dollar. The company refused to obey the order, and
and this has tended to keep the market in an unsettled the Commission applied to the Supreme Court of
condition. Everybody looks for an improving tendency Minnesota for a peremptory writ of mandamus com-
Mabch
THE CHRONICLE
29, 1880.J
435
In tliat property would be left. And yet the Commissioners
pelling it to put in force the reduced rate.
proceeding the company showed to the court its actua' claimed, and the State court held, that the order of the
cash cost and that its earnings at its own rate had not Commissioners was final and conclusive, and that the
been sufficient to pay its operating expenses and interest reasonableness of the rate was not subject to judicial
on its bonded debt, which bonded debt, it was proved, inquiry.
This statement of facts makes sufficiently clear the
amounted to only three-fifths of the cash cost of the
plant.
It was also shown that if the rates were reduced nature and importance of the issues which were at
;
one-third, which was virtually done by this order, the
company
would only earn a small
sum
over
its
Can
stake in these two cases.
a State either directly
operating or through a Commission prescribe the rates of freight
expenses, leaving nothing for interest or for permanent
which railroads must adopt, regardless of whether those
and renewals. Notwithstanding these facts, the
State court held that the order of the Commission was
final and conclusive, and that the reasonableness of any
rate made by the Commissioners could not be the subject of judicial inquiry and ordered the peremptory
writ.
Thereupon the Minneapolis Eastern applied to
the Circuit Court of the United States for an injunction restraining the enforcement of the order of the
Commission, which was granted, the holding of the
rates
repairs
From
State court being virtually reversed.
that deci-
Commission appealed to the Supreme Court,
and it was that appeal which has been determined this
week in favor of the company.
The other case, which was brought as stated by the
Chicago Milwaukee & St. Paul, was brought for the
purpose of restraining an order by the same Commission directing the company to change its tariff of rates
on milk from the cities of Owatonna and Faribault to
the cities of St. Paul and Minneapolis. The company's
tariff was three cents per gallon in ten gallon cans, and
the Commission ordered that this rate be reduced to 2i
sion the
cents per gallon in similar packages.
The
part of the
road which was affected by this order was the
old Minneapolis Faribault & Cedar Valley Railroad
plaintiff's
Company, the charter
providing that the
'•'
of
which contained a section
directors of said
company
shall
have the power to make all needful rules, regulations
''and by-laws touching the business of said company"
*•
*
*
*
"the
rates of
toll
and the manner of
collect-
''ing the same, &c."
made
by
the
subsequently
This grant of power was first
Territory of Minnesota, and was
(after
the
Territory
had
become
a
are
reasonable or unreasonable
?
Can
a State
legislature authorize such a use of the railroads in its
State as will render the interests of
bond and stock
holders in the property valueless without compensating
the owners
?
Can
a
indirectly forbid all
action of the laws
legislature
judicial
may
it
either
directly
or
inquiry respecting the
pass affecting any of the
Can the provision of the
Constitution of the United States which prohibits a
property within the State
?
State from depriving any person of property without
due process of law be satisfied by making the legislature of the State that passes the law the tribunal
to determine the construction and 'effect of the law ?
Questions like these help to suggest the scope of the issues
all of which must have been met and decided.
presented,
And though we
full (for
have not Judge Blatchford's opinion in
he delivered the prevailing opinion) the por-
no side issue determined
was put upon the broad ground
tions published indicate that
the result, but that
it
that the State decision
" deprives the company
of its
"right to a judicial investigation by due process of law."
Moreover, Judge Bradley, who delivered an oral dissenting opinion, brought out in sharp contrast the real
point which divided the Court.
He is reported to have
said that he differed from his colleagues who held that
the final tribunal of arbitrament was the judicial.
He
further remarked " that the Court should never make
"an issue with the legislative department of the Qov" ernment where it was pos3ible to avoid it. It might
" be asked. Is the public at the mercy of the legisla" tures ? Yes. There had to be a final tribunal some" where to decide every case. The question was,
"Which was the proper final tribunal? In his
any general "judgment it was the legislature." A bolder asserstatute, at the date when the power was granted or tion of legislative license could hardly be made.
when it was ratified, reserving the right to alter, We cannot see why this doctrine would not
amend or repeal said charter. Furthermore, the reason- permit every article and section of the United
ableness of the old rate and the unreasonableness of the States Constitution to be freely violated by State legisnew rate is a clear inference from the facts presented. lation if any legislature so willed. What protection
Mr. John W. Carey, of counsel for the plaintiif, stated would the articles which prohibit taking of property
that if the same percentage of reduction were applied (1) without compensation, and (3) without due process
to all the plaintiff's traffic (and if the Commission had of law, prove against such license? AVhat purpose would
the right to make this reduction, it has the right, and be gained by the continuance of those articles in the
the presumption is that it will exercise it, to make a Constitution? Indeed, what a very limited necessity
similar reduction on all the company's traffic), it would for the existence of the United States Supreme Court
reduce the gross receipts one-sixth and the net receipts itself would remain.
Cut out of the history of that
about one-half, or fifty per cent. The St. Paul, with Court its action and opinions on questions which, if the
fair and reasonable rates, usually earns over 25 million decision had been in accordance with Judge Bradley's
dollars gross.
lu the calendar year 1886 it earned a remarks, would have been relegated to State legislatures
net amount sufficient to pay its operating expenses, for final arbitrament, and how much of its glory would
taxes, repairs and a trifle over 6 per cent on its entire remain?
cost.
In 1887 its net earnings were about $500,000
No one denies the right of the State in granting a
short of paying G per cent.
In 1888 the net earnings charter to incorporate in it such conditions and limitawere about $3,000,000 short of paying six per cent on tions with regard to rates as may be thought desirable
cost.
And in 1889, though the road did better, the net by the law makers. In accepting such a charter and
earnings were still about If million dollars short of constructing a road under it, the owners accept the
reaching the G per cent. If the net revenue for any restrictions with the privileges. No one denies, either,
one of these years should be reduced by one-half it will the right of the legislature under the police power to
be seen plainly enough in what a helpless condition the regulate railroads. But there is a very wide difference
State) ratified
no
provision
and approved by the
in
the
charter,
or
State, there being
in
436
between acts which come under that
regulating
a
view
the
to
mode
their
of
carrying
safety,
THE CHRONICLE.
head — such as
with
passengers
the
regulating
speed
of trains through towns and cities, requiring certain
precautions at public crossings, enforcing tlie erection
of fences, &c.
—and
those other acts which
"essential to the very end of
"tariffs."
These
its
creation
;
all,
or fares, or to adjust their
latter are not police regulations,
are the powers without
AFFAIRS.
The
the
great enlargement of this company's traffic and
its
current
fiscal
year,
its
suggests
operations during
an
inquiry
into
present standing and position under the improve-
such powers ment.
right to operate a railroad at
toll
EAST TENNESSEE VIRGINIA AND GEORGIA
" directly income, which has characterized
" touch the constitution of the corporation or abridge
" or modify any of those corporate powers which are
" for example as the
"the right to take
[Vol. L.
The
inquiry possesses the more interest in view
of the proposition
next
month
upon which stockholders are
new bonds
to issue six millions of
they purpose of securing control of certain roads
to vote
for the
now form-
which no property rights could ing part of the Erlanger system.
It is about four years since the present East Tennesthey are the life of the corporation.
After what has been said it seems hardly necessary to see Company was formed, after foreclosure and
the same
treat at any length of the advantage which will flow reorganization of the old company of
exist, for
The aim was to reorganize the comfrom these decisions. We believe that the principles name.
greater
fundamental,
of
far
settled
are
pany
on
the basis of fixed charges low enough
have
been
which
of another default,
even
significance than the public yet realizes, both with re- to avoid the likelihood
As a matter of fact, however,
spect to what the country has escaped and what it has on poor earnings.
The truths that a railroad has a right the property has not had to face a period of depression
gained.
On the contrary both gross
to earn a fair compensation on its cost, and that in the interval since then.
the reasonableness of rates is a judicial question and net income have been steadily rising, year by year.
and cannot be arbitrarily fixed and enforced by a For instance, in the twelve months ending June 30,
legislature or by commissioners, would hardly seem to 188G, the gross receipts were only $3,778,391; in the
need re-assertion, and yet the announcement comes twelve months ending June 30, 1889, they amounted to
none too soon for the protection not only of rail- $5,301,624. Net earnings in the same three years
We are hav- increased from $1,373,978 to $1,933,953, being in each
road property but of all property.
But, as we
ing new evidence every week of the rapidity with case an improvement of over 40 per cent.
year
below,
the
improvement
the
current
license
grows
with
its
indulgence.
Governor
shall
show
which
Thayer of Nebraska only a few days ago made a further has been most decided of all.
As a result of the expanding earnings, the company
demand on the roads of that State, accompanying it
with the remark ("not by way of threat," he says, "but has been able to pay dividends on one class of its stocks
as a friendly warning") that "the farmers of Nebraska
the 1st preferred shares we mean from the first. In
" are aroused as they never were before they demand 1887 4 per cent was paid on these preferred shares,
"justice and just treatment, and will not cease that calling for $440,000, and in 1888 and in 1889 full 5 per
" demand until they get it. I again warn you of the cent, calling for $550,000. The effect of paying the
" disastrous consequences to the roads if their just full rate for two successive years, it will be remembered,
"demands are refused." The convention of the presi- was to put the common and 2d preferred shares on an
dents of thirty-two county farmers' alliances in Kansas equal footing as regards voting power with the 1st
held this week resolved just as arbitrarily that the Legis- preferred, the latter having previously had the right to
However,
lature shall scale down their mortgage debts, shall elect a majority of the Board of Directors.
relieve resident farms from taxation and put the taxes though the company earned and paid these dividends,
on the property of non-residents, as State Commis- the margin above the requirement was in each case
Bioners have resolved that the railroads should carry very small, and hence there has been a doubt whether
their freight below cost.
These are mere samples of the dividends could be continued, since thei'e was
the aggressiveness of the spirit which has prevailed and always a possibility that earnings might fall off,
is prevailing, and show how demoralizing in its tendency besides which interest charges were being increased.
and teaching is the confiscation policy which has been In the fiscal year 1888 the surplus above the
pursued against the railroads.
dividend was only $70,680, and for 1889 but
From this time, however, every State will have to $17,141.
remember that in all legislation affecting property there
It is the situation in this latter respect which gives
are two parties whose rights must be respected. Indeed to the increase in earnings the current year its greatest
the laws will be required to pay equal regard to the importance. For the most noteworthy fact in connecman who owes a debt and the man to whom it is due, tion with said increase is that so large a part of it is
the man who loans money and the man who borrows found in the netl We have this week secured the
it, the farmer who has produce to be marketed and the statement for the month of January, and see that while
railroad which has facilities for marketing it.
A gov- gross earnings as compared with last year increased
ernor will no more be found writing a railroad officer from $467,635 to $602,174, or $134,539, the net inwarning him of the disastrous consequences which his creased even more than this, namely $138,081, having
Toad will be made to suffer if he refuses the writer's risen from $130,379 to $268,460. Perhaps there was a
demand, than a railroad president will be found special reason for the large increase in net this month,
writing to a governor in a similar strain.
The Sir in the fact of the heavy augmentation in exjienses in
Oracle character of such communications must be the same month last year. Still, the gains have been
dropped.
For governors, legislatures, railroad com- very large in both gross and net, in all the months,
missioners and railroad companies are all alike con- and the following is a statement of them.
We
trolled by, and exist subject to, the provisions of the have added the results on the Knoxville & Ohio in a
Federal Constitution each has rights, but no one of line at the end, since the weekly returns of earnings
—
;
—
them
is
dictator.
always include that road.
—
March
THE CHRONICLE.
29, ISflO.]
Surplus for 12 months nnfllneJime 30, 1 RSO, ovp.r Bnd nbove
dlvldenil on litjireferrod
Ittjireferrod Btook
cont dividend
aud 5 per cent
charge* and
July 1, ItJSt) to Jan.
Jan,
Boven uioutlu,
uioatlu, Jiily
nuiuinKa Beven
iDcreaM
icreane In net nuruinKa
EAST TKNNE8SEB VIRGINIA & OEOKOIA.
^(t £arnin««.
Oron B'lmlngt.
1889-90.
AURUJll
September..
October. ...
825.575
608,020
571,026
567,799
t
t
t
(
449,849
485.S08
JnlJ
430,9.-i8l
421,957:
13»,123[
86,041
81,836
103,428
20f,823
56,486
$17,140
693,046
1890
»610,186
Total
«
188,815
129,890
811,728
837,!01
864,309
836,609
106,168
108,337
130,687
134,839
501.854
«
I
169,858'
33,095
54,850
103,618
416,7471
31,
1888-89.
18S9-90.
Incrtau.
18C8-88.
437
LtM—
$19,939
158,559
Increase In taxes 7 montliH
Increased IntOTOst charges for year
178,498
$431,688
Balance, surplus
It
This statement should not be misunderstood.
843,840'
103,1.30
145,710,
is not intended to show what the result for the twelve
I80,87»l
188,081
868,460!
608,174
months will be. That, in the nature of the case, we can
593,046
1.687,851, 1,044,806'
065,162
7 months...
8,880,«44 3,168,088
But taking the gain in net earnings
not foreshadow.
Kno.xT. k Ohio—
180,786
6,859
187,645;
60,093
805.931
7 montbB...
336.0S4
for the first seven months, and allowing in full for prob5l-9.9n5
1.764.996 1.166.0911
715,255
4,186.268 8,471,013
ToUl...
able increased requirements for interest, the purpose is
Here we find that for the seven months to the end of
to show what would remain on that basis without referJanuary gross earnings on the East Tennessee proper
ence to the changes in the remaining five months.
(in this article we shall not include results on the
Whether, or how much, the amount will be increased in
Kno.xville & Ohio, except where specifically so stated,)
The
these remaining months it is not possible to say.
increased $065,163, or 21 per cent, and net increased
gains in gross earnings have latterly been running
Coming after a gain
$593,046, or almost 57 per cent.
smaller, the increase for February (including Knoxville
and
this is certainly
1886
1889,
of 40 per cent between
& Ohio) being $33,483, and for the first two weeks of
It will be instructive to see the
very noteworthy.
March being $12,648, though unfavorable weather conKovember...
December...
January
468.789
487,142
467,635
iei,5B5|
75,044
1
Below is a table
sources of the increased earnings.
As to the expenses,
ditions may in part explain that.
showing the passenger and freight earnings separately
some
in
of these months last
increased
were
heavily
they
for the seven months.
hand, in Juno there was a reduction of
July
to
1
January
31.
Earnings from—
1889-90.
1888.60.
Increase.
Decrease.
«
«
*
*
PassenRers, matl and express
976,822
2,828,058
FrelKlit
Miscellaneous
25,361
Gross earnings
Not earnings
Thus the
3,830,244
3.165,082
2,192,893
2,120,777
1,637,351
1,044,305
has
department, but
department, which latter
to
the
extent
of
1890.
133.820
533,046
1,713
665,162
72,116
5«3,048
But the company proposes
to issue
pay for the Erlanger purchase.
some new bonds to
Six million
dollars is
named in the proposition, calling for $300,000 per year. The question therefore arises, what
the amount
in the effect will that have upon the surplus ? Of course if
passenger the whole $300,000 were to come out it would make a
shows earnings enlarged very great difference. As far as the current year is
The coincident gain concerned, the matter is perhaps not very important,
$133,829.
increase
freight
842,993
2,295,012
27,077
On the other
$129,000 on account of an adjustment of accounts for
back months. Altogether, it is unusually difficult to
probable results for the five months of
forecast
year.
EAST TENNESSEE VIBOINIA * GEORGIA.
been
also
not
in
alone
thff
and freight suggests that the expansion since the year is already far advanced, and interest on
follows from the growth and development of the great the new bonds could therefore count for only a very
mineral resources of the South, with the starting up small part of the time. Taking a longer view, howof new cities, and the creation of new centres of popu- ever, the securities purchased ought to yield something
lation, and hence possesses an element of permanency in payment of the interest on the new bonds issued to
which it might not otherwise have.
represent them.
As we understand it, the East TenWhen we come to consider the increased earnings nessee does not intend to buy all the lines in the Erlanger
with reference to the prospects of dividends on the 2d system only that part of the system between Cinpreferred shares, some other elements enter into the cinnati and Meridian, Miss., and comprising the
problem. First of all, it is necessary to see how much Cincinnati New Orleans & Texas Pacific and the
heavier fixed charges will be.
In the fiscal year 1889 Alabama Great Southern. Both these properties yield
the amount paid for interest was $1,223,851.
On the a return to their stockholders, while the other lines
debt outstanding June 30, 1889, the requirement was in the Erlanger system (with which there will be sim$1,247,410, so that this calls for a slight increase
ply a traffic contract) do not meet their fixed charges.
$23,559.
Furthermore, the company since then has The Alabama Great Southern for the six months endput out $700,000 more of its extension 5 per cent ing June 30, 1889, earned $83,131 above its charges.
bonds and $2,000,000 more of improvement and equip- The East Tennessee buys the shares of the English
ment bonds, making $2,700,000 together, on which the company, class A and B, though how much of each we
interest will be $135,000 per annum.
It is not likely do not know.
The "A" shares received dividends of
that the full $135,000 will count in the present year's 4 per cent May, 1889, and 2 per cent October, 1889.
operations, since $1,500,000 of the bonds were listed The Cincinnati New Orleans & Texas Pacific has
only this week; but, to be on the safe side, we treat been steadily enlarging its earnings, like the East Tenthe item as if it would count in full. Taxes also would nessee.
As against $2,681,547 gross receipts in the
appear to be somewhat heavier, there being an increase calendar year 1885, the total in the twelve months endfor the seven months of $19,939.
For the
Altogether, there- ing June 30, 1889, had risen to $3,655,859.
fore, we have here probable increased requirements for seven months from July 1, 1889, to January 31, 1890,
the current twelve months of $178,498, as against gross earnings were $2,547,721, against $2,226,610 in the
$593,046 gain in net earnings, leaving a balance of corrresponding period last year, and net earnings were
$414,548.
As there was a balance of $17,140 in the $1,027,000, against $778,333. The company paid a 3
late fiscal year over the charges and 5 per cent divi- per cent dividend in February, 1889, and paid 4 per
dends on the 1st preferred shares, there would on this cent the present year. Evidently, therefore, the
basis be a balance for the current year of $431,688. securities which the East Tennessee gets by its purin passengers
—
The
following
tabular form.
is
course depend
—
some return how much
it
upon the amount bought.
a recapitulation of these results in chase will yield
will of
THE CHRONICLK
438
It may be well to say a word also with regard to the
East Tennessee's obligations on bonds of other roads
guaranteed by it. The Knoxville & Ohio of course is
able to take care of itself, as net earnings for the seven
months to January 31 are $127,645, while a full year's
interest
$120,000.
evidence
of this, while
as to
lines like
the
Lake Shore and the Michigan Central, the very heavy
shipments of through freight east-bound from Chicago
give assurance ©f a similar state of things.
however, the grain movement by
said,
As already
contrib-
itself is
uting greatly to swell railroad traffic and revenues.
Mobile
Birthe
&
Not so, however, with
We have this week been furnished with the figures
This road in the year ending June 30, showing the grain receipts at New York during the
on the $2,000,000
mingham.
strong
U
iVOL.
would
6s
call
for only
$186,550 short of earning its interest. The month of February, and in comparison with the same
was not charged in the East Tennessee accounts, month last year the change is very noteworthy.
and possibly future deficits will not be. Perhaps, also, Eeducing flour to its equivalent in wheat, the
the result will be much better the current year. receipts in February, 1890, were only a trifle less
Still the $3,000,000 5 per cent bonds are guaranteed than 11 million bushels, while in the corresponding
by the East Tennessee Company, and in any fair month last year the total was only a little over 4 million
view of the latter's condition the obligation on that bushels. In other words, there has been a gain the
On the other hand, the present year of nearly 7 million bushels. In January
behalf must be considered.
proposal to sell Memphis & Charleston stock, if carried the gain had not been so conspicuous, and yet the total
out, might work to the advantage of the East Ten- was 2 millions bushels in excess of the same month in
1889,
fell
deficit
The 12,656,525 of Memphis & Charleston 1889. The following gives the movement for January
now in the East Tennessee treasury yields no and February combined in the two years, with the
nessee.
stock
return
;
but
if it
were
received in exchange,
sold,
and cash
or
securities
there would doubtless be an
income from that source.
amounts
of each kind of grain.
will be observed
It
that while the increase has been chieflj in corn and
oats, nearly all the cereals have contributed something
to swell the total.
LARGE GRAIN MOVEMENT AT THE
KECEII'TS
OF FLODR AND GRAIN AT NEW YORK.
SEAJanuary and February.
BOARD.
Notwithstanding the low prices prevailing for grain,
a very conspicuous feature of the industrial situation
Flour
bbls.
bbls.
Corn meal
Corn meal
sacks.
by the farmer
uce back for better prices, having lost faith in the
an advance, or whether they indicate
that his needs compel him to dispose of his surplus
no matter what the return these are questions which
can not be answered off-hand, and which we do not intend to consider to-day. The point we wish to call atprobability of
—
tention to is that this heavy movement is playing an
important part in the present activity of trade that it
is swelling railroad traffic, adding to earnings and bank
clearings, enlarging our exports, and conferring benefits
;
upon the mercantile community in various other ways.
Of course the present industrial activity is not confined to the movement of farm products and their
handling, transportation and distribution.
In manufacturing and other departments of trade, as we know,
business is also large and active.
Except for the
good crops raised, however, this might not be so, at
least not in equal degree, and certainly the large movement of grain tends to stimulate activity in all
branches.
While nearly everybody appreciates the
Meal
Grand
total
Deertaw
304,812
4.077
10,881
/ncreose 8,902,164
bush
bush
to
Increase
Decreoie
i
bush. 22,503,238 13,601,0741
bush
Total grain
Flour to
I
Increase 7,569,580
Increase 1,371,654
Decrease
38,070
bush.
deliveries
ilncrease or Dcereaie,
bush. 18,043,937 10,475,357
bush. 4,241,781 2,870,127
217,520
255,590
bush.
not only at the leading primary points but also at the Hye
Malt
more remote points of final distribution and consump- Peas
Whether these heavy
637,806
29,409
68,977
Increate 484,687
Increate 3,118,565
Increase 3,577,000
tush.
bush.
bush.
indicate an unwillingness on his part to hold bis prod-
1889.
942,618
23,332
58,096
671,275
186,588
9,411,886 6,293,321
6,026,000 2,449,000
1,112,090
783,340
126,066
42,372
539,320
660,786
157,300
59.950
now and for some time past has been the very heavy Wheat
Com
Oats
movement of grain to market, as shown in the receipts Barley
tion.
1890.
328,750
83,694
121,466
97,350
Iv crease
Inereaie
Decrease
Increase
In exact figures, the arrivals at New York for the
two months indicate an increase of 8,902,164 bushels,
the different cereal being aggregated regardless of the
Taking the
differences in the weight of the bushels.
amount as 9 millions, however, and assuming 45 lbs. as
the average weight of the bushels, it would represent
over 400 million pounds, or 200,000 tons, of freight to
be carried. If the grain came all the way from Chicago, it would, at $4 a ton (20 cents per 100 lbs.), give
increased railroad earnings of 1800,000, and even if
coming only half that distance
west than
have come
—say from no further
Buffalo or Pittsburg, as
—
it
it
certainly
would afford increased earnings
must
of $400,-
But this represents only the deliveries at New
York. At the other leading seaboard cities Baltimore,
Philadelphia and Boston there has been an equally
000.
—
—
brought out in the following,
cities, and the
The table also shows the proaggregate of them all.
importance of good crops, very few persons have any portion of the whole which each port has had in the
idea how far-reaching even the direct effects of good two years.
crops are.
GRAIN RECEIPTS AT gEABOARC CITIEB.
We see large receipts at the Western markets, and are very apt to think that the matter ends
1889.
1890.
Janvary
there.
The Western roads will benefit are benefitand
Pi r Cent
Per Cent
February.
Biuhels.
U«sU7».
ting but we are quite likely to overlook the fact that
of Whole.
of Whole.
the grain, after reaching the Western markets, has to New York
48-97
47-43
13,601,074
22,503,238
17-54
12-34
4,870,710
5,853,700
be carried East for consumption and export, and that Baltimore
22-74
26-09
6,316,301
12,377,002
14-14
10-75
2,984,340
6,706,451
Philadelphia
thus all the leading carriers are ensured a heavy traffic.
100-00
27,772,425
100-00
47,440,391
Total
It is this latter phase of the matter that will command our attention in the present article. We know
Thus at the four cities combined the receipts of
that the principal east-and-west trunk lines just now flour and grain in the two months of 1890 were about
are doing well.
The returns of such large systems as 47i million bushels, against only 27| million bushels in
the New York Central and the Pennsylvania furnish 1889 that is to say, there has been an increase of
—
large increase. This fact
is
giving the arrivals at each of the four
—
;
1
1
—
1
I
March
THE CHRONICLE.
29, 1880.]
439
Thb Windom Silver Bill as Amended.—Through tb«
Of this 20 million bushels
nearly 20 million bushels.
of Mr. Edward O. Leech, Director of the Mint, w#
courtesy
York,
6
increase, about 9 millions is found at New
have obtained this week a copy of the Windom Silver Bill at
Philadelphia,
millions at Baltimore, about 4 millions at
amended and agreed to in the House Committee on Coinage,
and 1 million at Boston. On the same basis as the Weights and Measures, Monday, March 24th. The amended
calculation above, the 20 million bushels would repre- bill reads as follows
:
450,000 tons of freight, and if coming from
Chicago would give earnings of 12,250,000 at 15 a
ton (25 cents a 100 lbs.), and $1,800,000 at 14 a ton.
For half that distance the amount would be between
sent
would seem no exagtwo
months the present year has been worth about a million
dollars in gross earnings to the great trunk lines on the
$1,125,000
and |900,000.
It
geration to say that the larger grain traffic in the
eastern part of their systems.
Incidentally, it is interesting to note the changes in
With the
the relative position of the different ports.
heavy corn movement as a result of the large crops and
the large exports, it was natural that Baltimore and
Philadelphia, which have the advantage of lying nearer
producing section of the Ohio Valley than
Boston or New York, should increase their proportions.
New York, however, has on the whole maintained its
its ratio
position well, having lost only one per cent
to the great
—
for 1890 being 47-43 per cent, against 48-97 per cent in
1889 ; Boston has dropped from 17-54 per cent to 12-34
per cent ; Baltimore is up to 26-09 per cent from 22-74
per cent, and Philadelphia to 14-14 from 10*75 percent.
In amount of course every point, as already stated,
shows an increase on last year.
As to which roads have gained most from the larger
movement, the increase at Baltimore and Philadelphia
we may presume counted chiefly to the advantage of
the Baltimore & Ohio and the Pennsylvania. At New
York, however, the Pennsylvania delivered less than a
year ago, and it is a noteworthy fact that the New York
Central also brought in less grain here than in 1889,
though on the other hand the West Shore shows an increase of nearly two million
The
bushels.
following
gives the comparative deliveries by each of the various
routes.
RECEIPTS OF FLOCB ASD GRAIN AT
1890
January
and
lebruartf.
\
Biishelf.
New York Central
West Shoro
Two
roads
Erie
Pennsylvania
Del. Lack. & West
Lehigh Valley....
Ballimore &Ohlo
Various railroads
Total raU
Water
Grand
'
total
NEW YORK BY
ROUTBC.
1889.
Per Cent
SvaJuli.
of Wnole.
Per Cent
of Whol:
3,556,248
4,714,336
15-80
20-95
3,795,039
2,777,683
27-90
20-42
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
6,572,722
2,396,856
2,297,391
772,895
817,484
130,745
208,672
48-32
] 7-02
i
16-.><9
5-09
0-01
0-90
1-54
21,970,846
532,392
97-64
2-36
13,196,765
404,309
97-03
2-97
22,503,238
IOC -00
13,601,074
100-00
Thus the Erie has had nearly four million bushels
more than in 1889, the Lehigh Valley over two millions
more and the Lackawanna over a million more. All
these are important anthracite coal carriers, and their
increase would seem to follow from the dull condition
of the coal trade, releasing some of their equipment
and inducing them to make a greater effort than usual
to get a large share of the grain traffic.
On
the other
hand, the Central and the Pennsylvania, we may suppose, had no such special need, the great mercantile
and manufacturing activity keeping their facilities fully
employed. In any event the anthracite coal road.-^
have found in the large grain movement a compensation for the loss of coal freight, and thus
we see some
of
the direct and imniedia,te advantages resulting from
such a movement.
A
Bill authorizing the issue of Treasury notes on deposit!
of silver bullion.
Be
it
and House of Repreaentativea of
America in Congress assembled,
enacted by the Senate
the United States of
Tlatany owner of silver bullion, the product of the mines of the
United States, or of orei smelted or rellned In the Qnited Btatta.mtcf
deposit the same at any coinage mint, or at any assay ofBoe In the
United States that the 8e retary of the Treasury m»y designate, and
receive therefor Treasury notes hereinafter provtdea for equal at th«
date of depo.-it to the net valae of such sliver at the market price, sooh
price to be determined by the Secretary of the Treasury under rules
and regulations proscribed, based upon the price current In the leading
but no deposit consisting In whole or In
silver markets of the world
part of silver bullion or foreign silver coins Importe I into this country, or bars resulting from melted or refined foreign silver coins, sbaU
be received under the provisions of this act.
SBC. 2. That the Secretary of the Treasury shall cause to be prepared
Treasury notes In such amounts as may be required f jr the purpose ot
the above section, and In such form and denominations as he may prftscribe: provided that no note hall be of a denomination leas than 91
nor more than $1,000.
Sec. 3. That the notes Issued under this act shall be receivable for
customs, taxes and all public duos, and » hen received luto the Treasury may be reissued, and such notes, when held by any national banking association, shaU be counted as part ot Its lawral reserve.
S£C. 4. That the notes Issutd under the provisions ot this act shall
be redeemed upon demand at the Treasury of the Uulted Slates or at
the office of an assistant treasurer of the- United States by the if sue of
a certificate of deposit for tbe sum of the notes so presented, payable
at one of the mints of the United States in an amount of silver bnlllOB
equal in value, on the date of said cerilflcate, to the number of dollars
stated tlierein, at the market price of silver, to be determined as provided in Section 1 or such notes may be redeemed in gold coin, at the
option ol the Government provided tha'. upon demand of the holder,
such notes shall be redeemed in silver dollars.
Sec. 5. 1 hat when the market price of silver as determined by the
Secretary of the Treasury shall eieecd $1 for 371-25 grains of pure silver, it shall be the duty of the Secretary if the Treasury to refuse to
receive deposits of silver bullion for the purposes of this act i re vlded
that, when the market lulce of silver, as det-j mine d in accordance with
Section I of this act. is ?1 for 371-25 grains f pure silver. It shall be
lawful (or the owner ol any silver bullion, Ihe depoi-lt of which for
notes is herein provided for, to deposit the same at any coinage mint
of the United States, to be coined into stai-.dard tllver doUan for tils
benelit, as provided in the act of Jan. 18, 1837.
Sbc. 6. That the silver bullion deposited under this act, r. presented by
Treasury notes whicli have been redeemed in gold coin or in silver dollars, may be coltied Into stanelard silver dollars or any other deuomicfttion of silver coin now authorized by law, for the purpose of replacing
tile coin used In the redemption of the notes.
Sec. 7. That so much of tie act of February 28, 1878, entitled " An
act to authorize the coinage of the standard silver dollar and to restore
its l*al tender character," as requires ihe monthly purchase and
coinage into silver dollars of not less than two mil ion dollai-s nor
more than four million dollars' worth of silver bullion, Is hereby re;
i;
;
:
:
i
"peakd.
Sec. 8. That any gain or seigniorage arising from the coinage which
may be executed under the provisions of this act shall be accounted lor
and paid into the Treasury, as provided by existing law.
Sec. 9. That silver bullion received under the provisions of this act
shall be subject to the requirements of existing law. and the regulations
ot the mint service governing the methods of receipt, determining the
amount if pure silver contained and the amount ot charges or deduotlons, if any, lobe made.
Sec. 10. It shall be the duty of the Collectors of Customs of the
United States to stamp with a steel etamp on every bar of silver bullion
Imp* rtedinto ihe United States the word "foreign. " It shall be the duty
of every as.'ayer or refiner in the Unlt< d States, or any other jierson or
firm, who may receive bars of silver stamped "foreign," in case such bars
aieremelted or refined, to stamp with a steel stamp the resulting bar<;
"foreign.
In case bars » f silver stamped "foreign" are remelted or
refined with other silver products f the United States In such away
that it is not pOESil'le to si^paiate in the resulting bars the exact product of such foreign silver, it shallbe the duty o( saeh a8.'ayerorrefinei\
orolher person or firm, to 8! amp with a steel stamp on an amount of
silver bars which shall be equivalent to the amount of foreign silver
melted or refined, the word "foreign." It shall be the duty ol every
assayer or refiner In the United States, or any other p-rsonor firm, who
may receive coins of silvt r of the coinage »f countries other than the
United States, in case such coins are remi lied or reflDed, to stamp with
a steel sraiiip the retuitiug bars -foreign." lu case foreien silver coins
are remelted r r refined with other silver prodiicn of the United States
In such a way that it is not possible o separate in the resulting
product
of
such foreign
silier coins, It
bars
the
exact
shall be the duty of such assayer or refiner, or other person or
firm, to stamp with a steel stamp on an amount ot silver bars which
shi.ll be eciuivalant to ihe amount of for. ign silver coins melted or re*
fined, the word "f< reign."
Every person who fails to stamp bars resulting from ihereaeltingt rretlnlng of foreign silver iiulliou or foreign
silver coins with tbe word 'foreign," and every person wt o false ly removef th's stamp, or who by any art, way or means mutilates the stamp
for ihe puipose of preveniingidentificatiou of the hars, shall be punished by a flue of not less than IKIOO nor more than f I ,' 00 for each bar,
provided that i.othing la this seciiou shall be bed to apply to silver
firoducts extracted liy the procescs of smelting, amalgamation an*
Ixlviation, or »ny other metallurgical process. In the United States, from
ores imported from foreign couniries.
Sec. 11. That nothing in th's act shall be construed to prevent the
pnrihase from time to time, as may be required, of sliver bullion for tbe
subsidiary silver coinage, nor to affect the legal-tender quality of the
standard silver dollar.
Sec. 12. That a sum suttlcient to c.-vrrv o: t the provisions ol this act Is
lercby appiopriated out of any money in the Treasury not otherwise
appropriated.
SEC. 13. That al acts and parts of acts Incjnsistent with the provisions of thfs act rd hereliy repealed.
Sec. 14. That this act shall take effect thirty days from and alter Its
passage.
-
i
i
i.
440
l^E CHEONIGLE
[Vou
L.
Bank of England was at the time 4},^ per cent. Stock
Exchange borrowers were able to obtain all the money they
required at from 3% to 4}^ per cent, and within the house the
rates of continuation were very easy, generally ranging from
about 4}4 to about 5i^ per cent. But in spite of the growing
ease in the money market, the bear account in some departments, and the very small bull account in others, there is no
more tendency than there was to increased activity. In the
American department it is true a more cheerful feeling prevailed during the past day or two than has been observable
of the
[From onr own correspoudent.)
London, Saturday, March 15, 1890.
On Thursday the Directors of the Bank of England lowered
their rate of discount from 4J^ per cent to 4 per cent. The
change was not generally expected, for the New York sterling exchange, which recovered towards the close of last week,
has again fallen nearly to the gold point. Besides it seems
inevitable that a good deal of gold must be sent to Buenos
Ayres. The gold premium in that city rose early last week to
170 per cent, then fell to about 140 per cent, consequent, it is
said, upon sales of the metal by the Treasury but this week
In spite of all the Governit has risen again to 165 per cent.
ment can do the depreciation of the paper currency is thus
going on at an alarming rate, and in his desperation the
iFinance Minister is said, upon excellent authority, to have
telegraphed this week to Messrs. Baring Brothers instructing
them to send a large amount of gold. Messrs. Baring have
refused to do so, but it is currently reported that the Government has found other houses more willing to comply with its
demands, and that a considex'able sum will before long be
shipped.
There are also apprehensions that there may be a drain of
gold to Berlin. The fear of a crisis there, that was so general
ast week, has now subsided; but the liquidation at the end of
this month is still looked forward to with apprehension.
Industrial shares of all kinds have fallen heavily since the
The differences to be paid, therefore, are
last liquidation.
large, and unless the great bankers assist, it is feared that many
speculators will be unable to meet their obligations. In this
state of things it is generally understood that the Governor of
•the Bank of England was averse to a change in the ofiBcial
rate of discount, but thf> majority of the Directors overruled
him. Undoubtedly tlie Bank is just now very strong. Its
reserve amounts to nearly 17 millions sterling, being 51 per
cent of all the Bank's liabilities. The stock of gold exceeds
During
2Sf?^ millions sterling, and the imports still continue.
the week ended Wednesday night £151,000 was received, and
£200,000 more are on the way. The Bank's position, then,
would be secure if there were no danger of large withdrawals
for abroad, but as already pointed out it is feared that considerable shipments may be made to New York, Buenos Ayres
and Berlin, and possibly to other places.
The majority of the Bank Directors, however, felt that it
was useless to attempt to keep up the value of money. In the
outside market on Tuesday bills were discounted as low as 2%
per cent, and although on Wednesday, owing to the fall in
the New York sterling exchange, there was a recovery to 3
per cent, the tendency was undoubtedly downward. The
Chancellor of the Exchequer is paying off large amounts of
treasury bills, and thereby is keeping the oiitside market well
supplied with funds. In the second half of the month the
Government expenditure, apart from the redemption of
treasury bills, will exceed the receipts, and early in April the
interest on the debt will be paid. The outside market, therefore, has got out of the control of the Bank of England, and
the majority of the Directors were of opinion that it was
better to recognize the fact and lower the rate. The action of
the Directors was immediately followed by a reduction of the
rate they allow on deposits by the joint-stock and private
banks to SJ^j per cent. The discount houses lowered their
rate for money at call to 2}^ per cent and for money at notice
to 2^ per cent. The probability appears to be, therefore, that
the rate of discount in the open market will fall next week to
about 2% per cent or little more, and then the danger is that
gold shipments will begin. To-day it is about 2^ per cent.
Although the Bank of Bombay keeps its rate of discount at
13 per cent, and the Bank of Bengal keeps its at 11 per cent
the Indian demand for silver has fallen off, and the price in
consequence has declined to 43 13-lCd. per oz. It is believed,
indeed, that there would be even a greater decline were it not
that the supply at the moment is very small. Even the
demand for India Council bUIs and telegraphic transfers has
not been active this week. The Indian banks are generally of
opinion that the stringency in Bombay and Calcutta will be
over in the course of a very few weeks now.
The fortnightly Stock Exchange settlement, which began
on Tuesday morning and ended on Thursday evening, showed
that the speculative account open for the rise in all departments had been further reduced. Although the discount rate
;
for a considerable time previously.
the bears in
that there
that April
New York
must be a
Operators here think that
have carried their campaign so far
reaction.
And
they also call to
mind
usually a good month in the market. But the
general public is holding aloof, as it has done for many
is
months now, and without the support
of the general public it
hardly likely that operators will increase their risks very
much. They will probably follow any movement in New
York, but they will not initiate anythmg of themselves.
Outside the American market the general feeling is that
prices are more likely to go down than to go up, with two or
three exceptions. It is known that preparations are being
made for a re-arrangement and conversion of the Turkish
debt, and for a considerable time past therefore there has been
very influential buying of Turkish bonds. Egyptian bonds of
all kinds are well held and firm too, and French Rentes are
very steady.
But generally international securities are
thought to be entirely too high, and a considerable fall is
expected sooner or later. It is believed the speculation in
Berlin must eventually break down. A combination of great
bankers may postpone the crisis till the autumn, or an accident may precipitate it, but scarcely anyone doubts here that
there must be a crisis, and that the crisis must lead to a sharp
is
international securities.
fall in
that there
heavy
must be a crash
fall in all
Argentine
steadily declining,
So again, few
if
any doubt
and a
in the Argentine Republic
securities.
and the finances of
Brazilian securities are
Italy,
Spain and Por-
tugal are in so bad a condition that the bonds of those coun-
seem likely to go lower. South African gold, diamond
and land shares have fallen heavily because of the forced
sales by German speculators during the past few weeks. They
tries
may go
lower still in consequence of the difficulties in Berlin;
but a recovery before long is looked for. British securities of
all kinds are depressed by the fear of a great strike in the coal
trade. The notices given by the miners expire to-day, and it
seems at present as if we should have a strike next week of
over 800,000 men.
Trade continues exceedingly good. The railway traffic
returns, for example, show an increase on seventeen of the
the principal lines of the United Kingdom during the past
week from goods alone of £32,000 over the corresponding
week of last year, when the increase was £19,000. Last year
at this time there were heavy storms and floods which rather
diminished the traffic, and therefore the returns are not quite
so good as at first sight they look. Yet, taking the returns
since the beginning of the year, there is no doubt that the
volume of trade is larger now than it was twelve months ago.
Speculative business has been almost entirely stopped by the
high rates that ruled so long. There has been a great falling
off in the orders for new ships since the beginning of the year,
and the cotton trade continues depressed. But with this
exception trade is undoubtedly good and profitable. The prospect of a great strike is therefore regarded with very great
apprehension. If it takes place and lasts for any time it will
affect every industry in the country and may stop the revival.
The dispute extends over Yorkshire, Lancashire, the Midland Counties of England, North Wales and Scotland. In
Durham and in the Cleveland District an arrangement has
been arrived at, and South Wales is standing apart. Another
meeting was held early this week between representatives of
the coal owners and the miners, at which the coal owners
offered to refer the question to arbitration if the arbitration
were to be decided by the prices that have ruled since 1888. At
a very large meeting of miners' delegates at Manchester on
Thursday the offer was rejected on the ground that the prices
since 1888 were to be decided by the coal owners' books, and
that those prices were unduly depressed by the fact that the
owners had many old contracts still running which had been
entered into before prices rose. Now, however, those old
contracts have expired. It would seem that the miners would
be willing to arbitrate if the decision were to be determined
March
THE CHRONICLE
39, iSSO.]
by existing prices, but as yet the coal owners do not seem
willing to agree to that. Finally, the delegates of the miners
resolved that they would insist upon an immediate advance
in wages of 5 per cent to be followed in July by another
advance, also of 5 per cent. As most of the notices given by
the men expire to-day, one of the largest strikes of the century
will begin next week unless some arrangement is immediately
adopted. The Dockers' Strike in Liverpool still continues,
about 30,000 men being out of employment, and there are
various disputes on a small scale in several parts of the
country.
Supplies available for consumption (exclusive of stocks
September
rates for
money have been
1889-90.
allowed
Ittterest
Aver, price wheat week. 298. lid.
Av. prise wheat 8ea«in. 30a. Od.
Bank
London
Milt.
Trade BUli.
Dise't
••
"
7 it
14 a
21 B
562,000
6ii3,500
279,000
"
88 s
Hch. 7
"
14
4
an
sh
3
8
-4
4
-4
3«-8J<
Londoa
week
ending
reported
March
London,
M
d.
percte.
Oonaola.now 2%
do for account.
March
Bates of
Interest at
Bank
Open
Bate. Market
Paris
Berlin
4
Prankfort
4
Brusflels.
4
.
4
Bt. PeterBbarK.
4
4
Bank
»ii
2H
SH
au
an
VA
SM
3
4
4
8
4
3«
4
4
3«
S«
4
a\i.
do.
2J cons
Norfolk & Western, prof.
Northern Pacillc, pret..
Pennsylvania
Pblladelphia & Beading.
February
28.
4
4
2«
3H
S«
an
Tue$.
Wed.
43%
43%
5
National Banks.
3H
HH
B
8«
106
125
74%
7014
118
110
87
73 13
llOia
87Is
731a
111
26ie
10414
26»9
10138
62
75
62ifl
74 19
55O8
20 »9
64^
651%
2038
6138
31 14
3Ui
106
106
106
106
124%
124%
124%
74 H
74 14
124%
7438
7079
70»8
117%
70%
117%
110
110
86''^
73ie
110>«
25=8
104
62
7513
55 13
203g
64I3
3II4
80%
118
110%
88%
73
73 14
110
IIOI3
25Ja
103»a
62
75 '4
551a
25%
103 19
62
76
74 14
70 la
117%
llOig
86%
73 14
xOOHi
25 14
IO318
62
75 •'a
55-'8
20%
20«8
561a
20'8
64 '4
64%
64%
31
31ie
3lie
banks have
First Niitlonal Bank of Seymour, Texas. Capital, $50,000.
A. M. Krilton, President; D. 1). Wail, Cashier.
4,264— The FirstNational Bank of DelNorte, Colorado. Capital. $50,000.
William II. Cochian, Pre.sident; Charles W, Thomas. Cashier.
4,265—The First National Bank of Bowie, Texas. Capital, $30,000,
an
6
an
!<«
following national
:
4.263—The
4
4
4
—The
recently been organized
4
4
rti.
43U„
43i3,a
9788
977,8
976,8
976,8
97»,«
97»i8
97i«
9739
977,,
9714
971,«
97',,
87-85
87-94 87-97 !« 87-97 «a 87-97>«
C17-65
Union Patilic
Wabash, pref
"'H
an
2M
TAur0.
2H
3M
a
3»
3H
21,
Open Bank
Open
Market Bate. Market
4
6
an
Copenhagon....
Open
Market Bate.
a
4
m
ex
4
en
s«
....
Sate.
2
a
Hamburg
Bank
Xon.
43%
110
Februaru
7.
Bat.
43^
(in Parts) fr.
106
0. 8. 4>38 of 1891
125
a. 8. 4s of 1907
74 >4
Canadian Paclflo
Ohio. Mil. A Bt. Paul.... 70>«
Qllnois Central-.....-... 117^
N.Y. Lake
14.
the
28:
Louisville & NashviUe-.
and open market rates at the Mexican Central 4 s
& Hudson.
now and for the previous three weeks N.Y. Central
Erie & Wost'n
:
Madrid
Vienna
by cable as follows for
rate of discount
chief Continental cities
have been as follows
264,000
250,000
KnKllab Financial Marketa— Per Cable.
B'u
4
1888.
1,064,000
daily closing quotations for securities, &c., at
FVeh rentes
The Bank
AmsterdaiQ
qra.
4M® - 4~i~ 4S®6~ 4MaS 4«®B~ ~*
tH% - 4M® - 4 ® - 1X95 4M®5 4Me9
4
3«
8«
61.
21.
1899.
1,831,500
201,000
Maize
8,792.47IV
18,906,958
54,431,603
199S-87.
321. 7d.
71.
321. 7d.
quantities of wheat, flour and
30«.
301.
14.
293,000
Silver, per
m® - 4 ® -- *H»-- 4X®5 4W« - 4 05
4 O- »««
8«a 4Xa6
es 3K®5
3M«m* - 3^<34M 8J^®4H 3«44«
8H3 - m'i - mm - 3Mia4 3S4®4 3X®4
1886-87.
26,732,170
58,102,032
1887-88.
1888-89.
30s.
Sli.
2,198,500
Jo%nt
m 4«-»«
60,628,842
qrs. 2,225,500
290,000
Flour, eaual to qrs.
Four
Six
Three
Four
Six
Stock At 7(0 14
Months Monthe Monthi Months Months Months Banks. Call Davt.
Three
1887-88.
The following shows the
maize afloat to the United Kingdom:
TKit week.
lAut wuk.
March
for devonts by
Feb.
65,156,243
1889-90.
Total..
are
Open marhet ratei.
1888-89.
rmportsofwheat.cwt. 28.014.077 32,951.097 25,167,451
tmporWiif Hour
9,8:i(»,l«6
7,97.'i,079
9.!;47,8«l
Sale* of home-grown. 27,310,700 19,702,008 22,9;0,727
The
as follows:
on
1):
Wheat
The wheat market continues without material change, the
trade here being convinced that all the supplies required will
be obtained without much advance upon present prices.
The
441
Lowrie, President; T. C. Phillips. Cashier.
4,266— The First National Bank of LuUnj,', Texas. Capital, $50,000.
.1. V. Hutchins, Presideui; W. O. Richardson, Cashier.
4,267— The Citizens' National Bank of Waynesburg, [»a. Capital, .f 50,000. George Wis' carver. President; J. C. 'iarard, Caahicr.
4,268-The National Bank of Corninf, Iowa Capital, $50,000. D. S.
SIgler, President; Chas. T. Cole, 'Jashier.
4,269—The Gtoeebeok National Bank, Grnesbeck, Texas. Capital.
$50,000. L. J. Farror, Presideiit; R. Oliver, Cashier.
4,270-The National Bank of Commerce of Omaha, Nebraska. Capital,
$300,000. J. N. Cornish, President; F. B. Johnson, Cashier.
Z. T.
Tlie following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
compared with the last three years:
,
1890.
18S9.
1888.
£
£
£
£
1887.
Circulation
Public deposits
Other deposits
23.301,810
23,101,680
23,021,365
9.498,246
23,393,772
11,097,817
24,962,039
13,638,266
23,338,000
10,600,800
23,441,417
23,061,103
GoTernment
13,971,481
16,499,861
16,634,942
11,136,111
securities
securities
Other
20,589,811 23,831,988 22,301,618 21,136,101
Reserve
16,904,912 16,259,473 16,506,669 16,470,051
Coin and bullion
23,766,122 22,161,163 23,328,014 21,067,861
Prop, assets to liabilities .per cent.
61
44 7-16
42H
Banicrate
percent.
4
3
2
3«
Consols
97 5-16 Id
97)ixd
.
Clear! njt-House return
Messrs. Pixley
119,880,000 128,945,000 113,723,000 138,916,000
& Abell write as follows:
Gold—The Bank of England has received all gold since our last, there
being no demand for any other quarter. The total purchafed amounts
to*185,000. Arrivals Irom Natal, *79,C00 China, iS 14,000; Buenos
Ayres, «27,000; total, 120,000.
Silver— There have betn but few buyers slice we last wrote, and a
slight decline has taken place. Little has been offering, and the outlook seems good. Anlvals— New York, £119,000. Shipments-On the
;
8lh, £7,501) to
Bombay.
—
Imports and Exports for the Week. The imports of
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were §8,913,688, against $11,343,902
the preceding week and $13,387,368 two weeks previous. The
exports for the week ended March 25 amounted to $7,068,364
against $7,617,466 last week and $7,1 16,874 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) March 20 and for the week ending (for
general merchandise) March 21; also totals since the beginning
last
of the first
week
For Week.
Gton'lmer'dlse..
The quotations
Dry Goods
London Standard.
SILVBR.
jifar
18.
d.
J.
Bar (told.ane....oi. 77 9
Bar sold, contaln'n
80 dwts. silver. oz. 77 10
Mar.
77
6.
London Standard.
d.
..
9
Mar.
13.
d.
Bar silver
oi.
Bar silver, oontalnIngSgrs.gold.oi.
Jfar.
6.
d.
NEW
1888.
$2,093,628
5,660,351
$8,726,606
$7,753,979
$35,271,173
72,803,226
837,660,864
77,334,097
TORK.
1889.
$3,438,K07i
7,816,946,
$11,255,553
1890.
$2,950,667
5,955,969
$8,912,636
1.
Sen'lmer'dlse-.
GOLD.
$:,212,509
6,514,097
Total
Anee Jan,
for bullion are reported as follows:
January.
1887.
Dry Goods
Mexican Dollars— Some arrivals have been gold at their meltiuK
value. There are no very recent sales to repart. Arrivals— Krom Vera
Cruz, £7-.',000; New York, £11,000; total, £83,000.
in
FOREIGN IMPORTS AT
$40,082,6981 $42,630,360
82,715,501
76,020,346
Total 12 weeks. $108,074,399 $114,994,96l|$122,798,199;$118,65O,70S
In our report of the dry goods trade wiU be found the im-
week later.
The
following
is a statement of the exports (exclusive of
44K
Span. doubloons. oz.
''aka silver
oi.
47 »ia
specie) from the port of New York to foreign ports for the
8 Am.doubloons.oz.
Mexican dol«....o«42^^
42%
week ending March 35 and from January 1 to date:
The following shows the imports of cereal produce into the
EXPORTS FROM NEW TORK FOR THB WBBK.
United Kingdom during the twenty-seven weeks of the
1889.
1S90.
1883.
1887.
season compared with previous seasons:
Wheat
Barley
Oats
.
,
.
Beans
Indian com.
nour
.
....
77 10
IMPORTS.
1889-90.
1888-89.
28,014,077 32,9.51,097
9.8^0,4(-e 11,667,581
6,93.5.457
8,846.318
1,000,572
1,142,893
l,S87,'t91
1.592.422
16.883,349 13.7«l,487
8,917,550
7,978,679
4SJ1
1887-83.
25.167.454
10,759,999
9,023,805
1,930,066
1,405,257
11,689,523
9,947,861
44X
ports of dry goods for one
445^
47 9-16
1886-87.
26.732,170
11,015,199
7,809,2i9
1,322,381
1.416.719
13,758,386
8,792,476
Forthe week.. ..
Prev. reported..
$4,990,425
65,554,709
$3,784,360
64,207,053
$7,307,241
74,564,539
$7,008,264
74,941,134
Total. 12 weeks.
$70,545.134
$67,991,41 3
$81,871,780
$82,009,398
shows the exports and imports of specie
at the port of New York for the week ending March 22 and
since January 1, 1890, and for the corresponding periods in
1889 and 1880:
The following
table
:
THE CHRONICLE.
442
EXPORTS AKD IMPOBTS OF SPECIE ^T NEW YORK.
SxporU.
New fork City Bank Statement for the week ending March
We omit two ciphers (00) in all cases.
22, 1890, is as f ollowB.
Importt.
eoid.
Banks.
Week.
ereat Britain
Kranoo .... ..........
Germany.. ... •••....
$5,417
2,243.580
462,561
70.238
4,842
46.087
221,926
$49,779
$6,168
$366,661
1,323,638
1,600
601,268
15,500
llezloo
2'46,267
8 auth America.
AU otlier oountrlea.
Since Jan-i.
Week.
SitieeJan.!.
West Indies
.
Total 1890
Total 1889
Total 1888
$252,435 $1,991,185
5,967,028
3,430,029
1,425,477
278,450
2,492
28,135
$3,054,651
1,912,204
2,733,978
$396,638
195,736
607,773
Importt.
Exports.
SitieeJan.l.
Week.
$261,319
Breat Britain
.--.
^Since Jan.l.
$70,110
$5,428,898
19,000
]**ran(w.. ..... ........
West Indies......
Hexloo
South America
Week.
3,84"6
32,5^7^2
22,612
22,612
22,740
99
5,126,
9,';
other ooiintriea...
1,351
9,773
83,214
56.953
49,287
92,348
1
Total 1890
Total 1889
Total 1888
$287,771
636,485
200,539
$5,512,881
4,144,474
3.002,467
$363,036
381,894
571,121
$29,813,
16,938,
31.0621
—
Auction Sales. The following were recently sold
by Messrs Adrian H. Muller & Son
at auction
:
.
Bonds.
Shares.
211-212 $10,000 Valley RE. Co. of
Ohio, coBSOl. 6s, 1921.M&8. 103
7 9th Nat. B'k of New York.l58>a
304 "a $20,000 B'kiyn Elevated RR.
25 National Park Bank
20 East Side Bank
114
Co., 2d mort. 5s, 1915,J&J. 88ia
71 Phenix Nat.B'k,$20 each.l39>s $15,000 8t.L.Ark.&Tex.2dM. 23%
.500 •« $1 ,000 Hous. & Tex.Cent. RR.
8 City National Bank
2d mort. 6.s, terap.certif....l20»8
23 N. Y. Produce Exch. Bk.113%
13 Nat. Bank of Commerce.. 209^ $10,000 lilii L.8h.& West.RR.,
22OJ4
20yearconv.6s,1907.F&A.100»8
I 20 Holland Trust Co
100 Farmers' Loau & Tr. Co.. 717
$2,000 IVIich. Cent.. Ist regis24 U. 8. Fire Insurance Co. .162
tered oup n 78,1902, MifeN.126%
69=^
40 New York Fire Ins. Co...
$1,000 Illinois Central RR.
15 Nat.FireIn.Ci).,$37 50 ea. 67
Co., 5s, regl8td.,1921, F&A.1154
5 New York Lito lD.&Tr.Co.701>2 $4 OOOLiclif.CarroltonMVest.
60 Bank of America
.
20 German-Amer. Ina. Co.. 307%
RR Co., 6s, 1916, J&J
9414
60 Liberty Insurance Co
65Jfl $35,000 8av. & West. RR. C >.,
20 RutsersFireIn.Co.f25 ea.l30
l8t.con.58,guar.,1929,M&,S. 94
21 United N,J.KR.&Can.Co8229ia
1,232 Br'lilynCiiy RE.161i8-162i6
13 Pat.&Hud.ER.Co.$50ea.l61
$6,000Toiedo 8t.Loui8&KansasCity ER..lst68
96%
$5,000Shenaudoah Valley RR.
gen. mort truetuerts
Si's
$l,500Metrop.GasL.Co„N.Y.,
68, 190l,F&A
.$500 eacli.11418
$10,000 City ot N.Y..tax relief
I
100 Clilc. & Alt. RR. Co com. 130
200 Mem. & Char. RK. Co ... 60
,
1 Memi)erBliip N. Y. Cotton
Exch'nge (all dues pd ).$575
100 American Dist. Tel. Co... 27i«
7s, Nov., 1830, !yi&N....102&int.
$1,319 28 claim agst. Marine
National Bank, 60 p,c. paid.
6
Bonds.
$390 American Fire Ina.
6 per cent cert, of 1877
Co.,
Balances
Coin CerVs.
Coin.
Currency.
9
Hch.
"
"
"
"
"
2
2.074,533
2,618,661
3,162,673
2,441,715
2,847,913
3,012.507
2
24
25
26
27
28
103,011,563
163.000,'i22
163,036,650
162,917,103
162,994.207
163,000,487
10,361,050
10,451,146
9,779,458
10,106,756
10,490,161
10,782,220
5,495,401
5,360,373
5,541,229
5,258,021
5,222,213
5,050,624
16,15P/)62| 16,677,586
Total
Bank Stock List—Latest
BANKS.
Bid.
America
Am. Exch...
Asbory Park
Bowery
208
161
Ask
211
165
»H
2H()
:<lo
Broadway... •M»
BANKS.
German Am.
German Ex. 270
Germauia
Citizens'
Lincoln
170
185
230
Coimneroe... 208 •Jii
Commercial. ICO 110
Oontinental 140
Corn Exch... •HO •245
East River.. ItiS
11th Ward... 160
Kith Ave.... r^oo
Hist
FlretN,
125
145
MO
Hanover
Kiver..
15(1
Im.&Trad's' 550
Irving.
190
Leatlier Mfs' 245
230
Madison Sq.. 100
Market* Ful 226 >a
Mechanics'.. 215
M'chs'&Trs'. 245
Mercantile... 215
Merchants'-. 157
Merch'tsEx. 121
Metropolitan
2000
560
255
400
105
194
8. 1.
112
!«.-)
ronrth
16214 Ibo
118
iMt. Morris
166
il'i
RepubUc
Seaboard
....II86
....1111
1325
,130
Seventh
225
IBl
127
ShoedtLeath.
St. Nicholas.
State of N.Y.
Third
Tradesmen's.
300
..
Bid
244
N.Y. Cosnty. 480
N.Y.Nat.Ex. 13.5
Ninth
1.57
N. America.. 180
North River. !46
Oriental
216
Pacific
ISO
Park
286
People's
250
138
225
Murray HiU. 300
jNassau
160
120
112
120
80
215
Western
90
West Side... 200
Br'dway <&
7tlLAv.--St'k.. 220
let mort., 58, iP04
106
2a mort, 6s, 1914
105
B'way Snriiice b'd3...1824 105
Bonds guar., 5s, 1905
92
Brooklyn City— Stock
162
10."
1st mort., 58, 1802
Ist mort, 78, 19C8
lOH
Central Crosstown— St'k.. 140
1st mort., 68, 1822
IIH
Cent. Pk.N.& E.Riv.— Stk. 1'22
Consols. 79, 1902
117
Chrisfph'r&lOth St.-Stk. 140
Bonds, 7s, 1888
110
Dry Dk.E.B.& Bat'y— Stk 1KH
lal mort., 78, 1893
itw
D.D. E.B. & B.-Scrtp6ii.. 100
Btghth At.—Stock....
Heohanlos'
Olty
Tradesmen's
Ohemical
Merchants' ExCh'nge
Ballatln National..
Butchers' & Drovers'.
If echanics' <& Traders
Meroantile.
Paoiflo
Etopnbllo
Chatham
183
116
225
108
lOH
106
96
165
106
110
145
122
126
120
Nortb America
Hanover.
42d & Gr'nd St. F'ry-Stk. 200
'^"°
1st mort., 7s, 1893
108
'42dSt.Manh.& St.N.Ave. 39
1st moit., 6s, 1910
114
1,323,4
1,000,0
800,0
600,0
600,0
[rvlng.
Olttiena'
Nassau
Uarket & Pulton
St. Nicholas
3hoe & Leather
Oorn Exchange
261,2
398,3
195,b
698,4
206,0
231,7
750,0
800,0
600,0
& Traders'
....
.
Central Xational..
Secoad N itioni.1
Ninth National
...
,. .
1,180,9
1,000,0
1,000,0
300,0
1,500.0
2,000,0
240,0
260,0
3,200,0
2,000,0
(Jontineutai
Oriental
300,0
750,0
530,0
.
Pirsc National
Third National
S. Y. Nat'l Exchange
1,000,0
300,0
Boweiy
250,0
200,0
750,0
600,0
100,0
200,0
200,0
600,0
300,0
200,0
150,0
300,0
200,0
600.0
!Tew York County..,,
lerman- American. .
Jhase National... ......
Fifth Avenue
..
3erman Exchange..
,
Glermania
Toited States
Uncoln
Sarfleld
fifth National
Bank ol the Metrop.
Weat Side
Seaboard
Western National
Plrot Natlonal,B'klyn
3,500.0
300,0
11,220,0
9,724,0
7.685,2
8,007.0
10.887.2
4.950.0
10,073,9
1,950.2
22,307,9
3,757.5
5.044,6
1.832,0
2,331,0
1,288,6
2.954.4
1,272.7
3.667.5
16.656.0
17.552.B
6.502,2
7.869.6
2.583,1
11,319,9
6,665,3
2.329.4
4.931.6
13,811.8
274.0
4271.1
538,2
262,3
816,9
2 170.0
21.312,5
20 176,8
2 128,2
1 272,0
17,107,0
7 191,0
4 147.0
6 516,4
6,189,1
21991,8
285,5
131,3
487.2
409,2
231,8
772,0
737,8
458,7
394,6
612,0
287,1
306,8
281,4
512,3
231,5
113,8
175,7
720,0
7 693,1
N. York.'
Feb. 21 ..
Mch. 1...
8 ..
"
16...
"
22 ..
$
963,6
1,631,8
503.4
2.618,6
1.082.1
186,1
727.7
4,314,3
625,7
504,7
445,1
1,167,5
122,3
617,0
921,8
598,8
160,7
3,762,4
6158,1
ICO.l
209,6
3,207,5
1.4.il.0
1,171.0
1.022,1
6,019,8
1,911,0
307,9
88,1
170.0
215,5
133,6
922.8
88,8
638.6
289,1
475,0
720,0
374,9
2,'266,»
1,128,6
132,8
1,261.0
618,7
536,1
219,3
3287.1
661,7
61,8
234,5
350,1
198,1
258.7
228,0
686,0
475,4
130,8
413,6
889,8
391,0
663.0
4 336,9
2219,0
3.713.0
8,767.6
4,057,0
79.847,2
77,365,9
78,170,3
81,480,3
66.492.3 160,136,8
61.686.4 150,781,5
64,685,4151,510,3
9,295,8
9,557,5
9,488,1
15 ..
22. ..
PhllB.*
Mch. 8 ..
18...
"
22
Specie.
118,483,6'409.710,9
118,183,6,406,230,1
118,731.3 404,6)^2.1
118,731,3 403,531,2
Boston.*
Mch. 8...
"
Loans,
LeoaXs.
$
$
118,483,6 414,574,0 82,911,1
34,591,8
1,184,0
796.8
4768,0
7,624,4
3,964,0
Dt^sits.'. ?iTcV:n CUarinas.
• We oin.it two cipher* in all these flijwres.
de.phla. the Item ^'due to other banks."
$
$
27,171.8
25,517,0
25,184,0
24,791,9
696,640,3
768.881,1
706,403,8
711,886,6
lll,485,l!3,637,5, 627,255,5
427,737.2 8.336.6
418,619.2 .1,350,7
110,806,2 8,172,7
110.154,0;3,619.7
4,654.9 124,051,7 3,726,1
4,641,1 126.077,3 2,771,8
4,615,8 P.i7,969,l 2.803,8
92,047,4
97,133,6
99,376,8
89.315.0 2,139,0
90,937,0 2.138,0
91,183.0 2,130.0
76,900,1
68,842,4
71,202,2
22,187,0
21,208,0
21,210.0
95,868.0
31.591.8, 95,484,0
36,793,71 96,712,0
..
f Including, tor
Boston and Phlla*
DIVIDKNDSs
The following dividends have recently been announced
Same of Company.
When
Books Closed,
Payable.
{Days inclusive.)
Railroads
Delaware Lack. & West. (quar.)..
Georgia RE. & Banking (quar.)...
Long Island
(miar.)
Missouri Paclnc (quar.)
New
Ca.stle
& Beaver
(qnar.)
& Western, pref
Ft Wayne & (Jhic,
Norfolk
(quar.).
.>
Bank
84
226.8
3.124,0
2,027,1
2 713.1
4 687.2
3! 196.4
do do special guar. (quar.).
Ealeigh & Gaston
131
85
416,1
296,2
4412,7
3002,1
1
77.4
397.0
102.3
196,3
26,8
300,2
687,0
1,505,0
244,3
821.6
280,6
301,3
510,8
147,8
397,2
696,3
147,2
165,1
179,4
128,2
170,6
333,0
207,0
683,5
252,6
1,614.5
645,2
120,9
112,8
1.202,2
379,0
61,0
297,7
8SB,8
682,0
oil
Surplus.
Pitts.
Ill's
764,6
798,3
622.9
138,0
123,3
10.980,0
10,088,0
7.751,6
7,627,0
10,320,9
4,439,0
10.344,1
1,613^2
25,226,0
4,469,6
4,174.1
2,068,1
3,153,0
1.206,4
2,429,0
1.233,3
2,818,2
14,058,0
11.822,7
4,411.8
8,648,5
2.881,0
12,014,8
6,107,6
2,930.8
6,287,6
16,681,1
3,179,0
2,767,1
3,612,7
4,498,9
1,705,0
3,624,0
5,423,4
4,921,0
2,000,0
21.321,0
23,659,0
2,295,9
1,177,6
16,961,8
7,606,0
4,961,0
6,760,8
21,945,2
8,963,6
1,430,0
2,684,0
3.002,6
2,617,3
12,163,0
4,783,0
3,483,2
2,986,5
5,527,3
3,441,3
3,781,4
1,984,4
5,049,1
2,403,0
60,862.7 67.868.6 403.531,2 81, 480,3124,794.8 411,435,1
Tot»)
BAHK8.
160
143
116
135
6,765,0
1460,3
150
240
881.0
2 646,0
2 511,5
2 912.8
10,282.7
S
470,0
828.0
593.7
323,0
510,7
138.0
515.0
90.9
730.3
444,6
347,6
2,660,2
2,710,5
2.738,6
4,098.7
1,850,2
2.918,0
6.331.5
Depotitt.
»
2.680,0
2,000.0
1,342.5
1.592.0
2,018.6
3121.0
364,9
4,610.6
2,272,5
99,3
122,8
1,5.35,9
LeoaU.
Specie.
~~t
April 21 April 1 to April 21
April 15 April 2 to April 14
11 to May 1
1 April
May
April 15 April 1 to April 15
April
1
April 24
April
8
April
1 Mch. 21 to April
April
:
April
GaiHatin National
miscellaneduv
*
Of
this 1 per cent
is
T.Mch. 27 to AprU
:
New Eng. Telephone & Telegraph
May
15|April
3
to
May
6
5
an extra dividend.
—
,110
Parties desiring municipal, raihoad or State bonds for
investment are invited to consult the advertisement of Mr. F,
Kloeckner in the Investors' Supplement of this date.
I
1
I
I
I
!
I
I
118
110
108
103
186
250
887,0
641,1
260,3
498.4
460,0
200,0
700,0
Peoples'
"
6,662,9
108,5
1,480,7
282,8
211.1
116,7
664,4
66,2
477,5
1,773,1
3,234.2
1,578,8
833,8
876.2
1,200,0
8,000,0
8,000,0
1,000,0
1,000,0
422,7
1,500,0
Commerce
Broadway
Park
NorUi River
Ea-*t River
Fourth National
846,2
2,422,4
200,0
200,0
600,0
300,0
Leather Manutaot'rs.
Seventh National
Itate of New York. ..
American Exchange..
Importers'
1.641.6
1,308,1
868,2
1,766,0
1,782,9
2,000,0
2,050.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000,0
300,0
600,0
1,000,0
300,0
Ask.
...
City Bailroad Securities— Brokers' Quotations.
28
KighthAv.— Scrip, 6s, 1914 106
Bl'ckerSt. & iui. i. -Stk. •^h
Ist mort., 7s., 1800
112
«
week.
BANKS.
New York...
iSecond
420
14th Street..
!
Ask.
•il»
Greenwich..
Hud
prices this
200
400
9aUatln
Gariloia
300
Butcba'<&Ur. iao
Central
140
147
Caiaae
260
Chatliam
,
HM)
CEhemicai
440C 5000
Columbia
Bid.
Loans
S
tferohanta*
"
2,559,374
2,674,333
3,617,678
2,517,171
2,423,212
2,885,818
Surpiiu.
$
America
Phenix
VapMfU
Paymentt.
Beeeiplt.
Capital.
Sank of New York...
Manhattan Co
$10
United States Snb-Treasnry.— The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the week.
Dale.
(00a omitted.)
areemnch
Silver.
U
[Vol. L.
2d mort., income, 6s
59
Honst.W.St.<& P.F'y— Stk. 200
Ist mort, 7e, 18'J4
108
Ninth Ave
107
Second Ave.— Stock
1115
l8t mort., 5s, 1910
105
Sixth Ave.— Stoclr.
186
1st mort, 78, 1£90
105
Third Ave.-Stooti.
240
Bonds, 5s, 1937
Twenty .third St-,8tock.. 270
iBtmort, 7s, 1893
105
11
115S1
60
110
112
107
107
180
106
250
10;
'^rtxWiuQ
ami ^iuaucial.
Spencee Teask &
Co.,
BANKERS.
N08. 16 and 18 Broad Street, Tie'w York City.
ALBANY. N. Y.: SARATOGA. N. Y: PUOVIDBXCB, R. L:
TK.VNSACT A GENERAL B.4NKING BUSINESS.
All classes of Securities Bought and Sold on Commission. Special
attention given to Investment Securities. Direct wire to each offloe
and to Pliiladelplua, Boston and Clilcago.
I
March
IBE CHRONICLE.
20, 18»0,1
She gawkers'
443
York at the under-mentioned cities to-d9v: Savannah, buying;
par, selling J^@Ji premium
New 6rlean&, commercial,
50c. premium; bank, |1 premium; Charleston, buying par.
selling
premium; St. Louis, 00c. per $1,000 premium;
Chicago, 40c. per $1,000 discount.
The rates of leading bankers are as follows
Olaxjette.
;
%
IT* Tor divUiendt ueprevioui page.
WALL STREET. FRIDAY, March '^8, 1800-9 P. M.
The Money Market and Financial Situation.—The weeic
March 28.
Sixty Day:
Demand.
has been remarkably quiet at the Stock Exchange and busiPrime bankers' sterling bills on London. 4 85 »
4
87>«»4
88
ness keeps within the narrowest limits. Even the excitement Prime commercial
4 82%«4 83
Document
ary
commercial
82ia»4
4
82%
of wide fluctuations in certain specialties is now lacking, and
Paris (francs)
5 20 « 5 19^8 S 17>9»S 'Wm
:
the most assailable stocks appear to have settled down one
after another near to a hard-pan basis.
The most important news of the week was the U. S. Supreme Court decision in the Iowa railroad cases, wherein they
have reversed the lower court, and hold in substance that the
regulation of railroad rates by State commissions must be
reasonable, and that the legislatures or their commissioners
C5annot be botli the makers of the law and the judges of its constitutionality.
The latter question must be left for the courts
otherwise the compelling of railroads by law to
to decide
carry freight and passengers at rates which will ruin them, is
taking property without due process of law, and is therefore
unconstitutional. The decision is very comprehensive in its
scope and is calculated to give encouragement that property
rights must be raspected throughout this country.
When a man in London buys the mortgage bond of a railroad in Iowa, or a man in New York lends his money on the
mortgage of a farm in Kansas, it is plain that an interesting
situation immediately arises. If the local legislatures are to
have the xx)wer in any way to destroy the property or to release the obligor from his" agreement to pay, the respective
bonds and mortgages in such States might not be worth the
paper they are printed on.
The Investors' Supplement to-day publishes a list of all the
principal stocks and bonds on the New York Stock Exchange
now selling at prices which make them yield about 6 per cent.
The list is rather an interesting study, as probably more than
half of the securities named are kept down by distrust of the
inanagement of the respective corporations, or by apprehension that the present rate of interest or dividends can not be
continued. We have not space for the bonds, but quote the
;
of stocks as follows:
list
Stocks Yielding Adopt
Si.x
Feb Cent.
Rate of
Dividend
Per Year.
BelleTlUe
&
Per Cent.
Southern
Illinois, pref.,
Canada Southern
Canadian Paclflo
March 25 th.
6^
100
S^j
Sale 54%
Sale 72 >a
Sale 301s
Sale 130 >«
2
8
5
6
East Tennessee l8t pref
Flint & Pere Marquette pref
Lake Erie & Western, pref.
& Nashville
Oregon Improvement.
pref
Paul & Duluth pref
Tennessee Coal & Iron pref
Western Union Telegraph
8t.
6
7
7
87
90
91
95
108>a 112
Sale 47
•I'll
pref..
73
10114
Sale 64 13
Sale 84 13
6 scrip.
pref.
Oregon Navigation
Blchmond & West Point Terminal
Kome Watertowu & Ogdeusburg
71 19
100
4
Marq. Honghton 4 Ont. pref
Hllwaukee Lake Shore & Western
Asked.
7
6
5
91
97
78
104
94
98
79
106
Sale S3 la
Sale 100
Sale 81 5^
6
5
8
5%
This is amount paid in calendar year 1889.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2>k to 5 per cent,
with 4 per cent as a fair average; to-day the rates were
Prime commercial paper is quoted at 5J^ p. c.
p. c.
'
3K@5
The Bank of England weekly statement on Thursday showed
a gain in specie of £147,000, and the percentage of reserve to
liabilities was 46-10, against 51-48 last week; the discount rate
remains unchanged at 4 per cent. The Bank of France gained
5,350,000 francs in gold and 3,975,000 francs in silver.
The New York Clearing House banks in their statement of
March 32 showed an increase in the surplus reserve of $3,365,-
40ii.«40ie
94%»94''8
(guilders)
Frankfort or Bremen (relchmarks)
I
I
40i4tf40*iii
95'a»95»t
Colna.— Following are quotations in gold for various coins:
Sovereigns
Napoleons
$4 S6 '9$4 90
3 86 '3 3 90
4 74 9 4 80
25 Pesetas
4 80 9 4 87
Bjiao. Doubloons. 15 56 '315 75
Mex. Doubloons. 15 55 '315 63
Fine gold bars.
par 33iapreni,
X X Reichmarks.
—96^9 — 86
» — 95
— 74H|3 — 75>s
— 74 » — 75
— 70 -» — 72
Peruvian sola
English silver.... 4 82 » 4 86
U.S. trade dollars — 75
» — 78
Fine sliver bars..
Five francs
Mexican dollars..
Do uncommerc'l
—
United States Bonds. Governments have been steady and
quotations are uticlianged. The sales to the Treasury have
been $1,396,900, of which $1,237,300 were fours.
The statement for this week is as follows
:
*H Per
Cent* tut 18M.
Satnrdar
ti2,h00
3.000
. 61,000
10.000
58.800
. .
Uondar
TuMdar....
Wedn'sday.
Thnrsdar..
rrldaj
Total.
.
..
1199,600
The closing
t43.eoc
3,000
Bl.OOO
103«
103«
103«
103«
103H
10,000
S2,aoo
Mar.
22.
4>3S,
4i2d,
1891.
1891.
68,
69,
6s,
63,
6s,
»1.003,100 (1,005,100
3.000
3.000
75.500
7S.300
20JS00
183
183
133
183
138
188
1.837,300 »l.837,800
188
45,350
87,850
80,500
45.350
87,980
Board have been as follows
Mar.
24
Mar.
25.
Mar.
Mar.
28.
27.
'IO3I3 >103Ja 103'i! *103ifl *103Ja
...
..
48,1907
48,1907
Oferlnf. Pureh*«f. Prie- pat*
10S«
$159,000
prices at the N. Y.
OenU inu \WI.
4 Per
Oftrinf. PureVM. Prtca paid.
*
Bid.
5
Central Pacitlc
Chlcaeo & Alton
Louisville
Price
Amsterdam
>10.1i«
:
Mar,
28.
103 ifl
3ia-% '10a>a'103ia *103>a •103i«
122 ,*121% *12178 '121%
121:H
121%
'120
'120
'123
'125
122% •122% 122% '122% •12278 '122%
116 '116
116 *116 *116
'116
118 •118 '118 1*118 •118 '118
,
our'cy,'95.
cur'cy,'96.
cur'cv.'97.
cur'ey,'93.
cur'jy,'93.
I
I
123
'125
This is the price bid at the moruluK board
120
123
125
;
no
1*120
1*123
1*125
aait.
I
I
•120
'123
*125
'120
'123
'12S
was made.
State and Railroad Bonds.— The dealings in State bonds
at the Exchange for the week, have been better distributed
than of late, and embrace $10,000 La. consol. 4s at 95 Ji; $1,000
No. Car. special tax, class 1, at 6, and $10,000 6s of 1919 at 127;
$3,500 Ala., class A, at 107%; $20,000 Ga. 7s, gold, at 102-108:
$1,300 Tenn. set. 3s (small) at 71}^; $5,000 Ala. cur. 4s at
'i-0^%-%, and $15,000 So. Car., non-fund., at 3>i-3^.
Railroad bonds have been strong in tone, though dealings
have not yet assumed large proportions. Among the features
of the week may be mentioned the Ches.
O. consol 5s, which
were more active on Wednesday, and the Fort Worth
Denver City Ists, which on a fair business have advanced to
106%^.
On Thursday At. Pac. incomes and Mil. L. Shore
W. 5s were comparatively active, as were also Union Elev,
Ists and Wis. Cent, incomes, the latter having advanced to
&
&
&
&
&
O. I.
W. 2nd reorg. certificates on Thursday advanced
to 55— a gain of 23^ per oent^and close at 54>^.
Erie 2d consols dropped to-day to 98>^, against 1013^ last Friday.
61.
Railroad and Miscellaneous Stocks.— In spite of the
statement on Saturday last and the easy
money market, stocks are stiU dull. After the announcement
Tuesday morning of the U. S. Supreme Court decision in the
favorable bank
Iowa railroa'i cases, to the effect that what constituted " reasonable" rates could not be finally determined by railroad
commissions or legislatures, but was subject to judicial
review, the grangers spurted a little, but soon became listless
again. Prices, however, throughout the list have been generally higher than a week a^o. Missouri Pac. has been strong,
and the usual quarterly dividend of 1 per cent was declared
625, the total su rplus being $8,416,425, against $1,050,800.
Thursday.
Chic. & East 111. pref., too, on dividend prospects has advanced from 76 on Friday last to 85>4; to-day.
1890.
iDlffertn'afrom
1889.
1888.
Mar. 22.
trtv. week.
Ifor. 23.
Mar. 24.
L. N. Alb. & Chic, recovered to 44, but closes to-day at 42W.
Tenn. C. & I. after advancing to 57 on Monday, is down agam.
to 50?^; Flint & P. M., also, on quite active sales, has fallen to
Capital
60,862.700
60,762,,700
Surplus
57,868,600
53,142,.100
32 from 35 on Saturday last. The VUlards have been advancLoans and disc'ta 403,531,200 Dec.l, 150, 900421,311,,400 369 ,377.800 ing, O. T. being
active and up to 39 on Tuesday, but has fallen
Circulation
3,637,500 Inc. 3,637,500
4.277,,200
7,,613.900
Net deposits
411,435,100 Inc. 981,100 441,502, 700 373,,077.100 to-day to 87^; it was reported that a strong bull pool had been
Specie
81.480,300 liiC. 1,010,000 82,218,,700 72,,541, -200 organized in this stock to realize the profit between the presLegal tenders. ... 24,791,900 Dec. 399.100 34,855, 900, 30,,641.100 ent price and the
book value in case of liquidation. On
Keserve held.... 106,275,200 Inc. 2,610,900 117,074, 600 103, 182,500 Wednesday Ont. & West, was quite active at higher
Legal reserve
102,858,775 Inc. 245,275 110,375 675 93, 769,275 prices; the dealings were
reported to be on London account.
The Vanderbilts are strong in tone To-day Erie was more
Surplus reserve.! 3,416,425 Inc.2,365,625! 6,698,925
9.413.225
active, and closed at 124, against 125i< last Friday, although
Foreign Exchange.— Exchange has been firmer this week, the February earnings
show a large increase.
and some sales of stocks here for London account have been
Trust stocks are no exception to the general rule of dulnees.
one of the causes for a stronger tone, posted rates having been Sugar
closes to-day at 64, against 69?^ last Friday; Lead 17^.
advanced to 4 86 and 4 87 1^@ 4 88.
against 18i^; Pipe Lines S4Ji, against 87?8. The new American
To-day the rates on actual business were as follows, viz.
Cotton Oil stock, common and preferred, in place of the old
*'*''^°^- ^ ^®* ^^' demand 4 86?^®
Trust certificates, came on the " unlisted " department on
4 ST'^Th^ ''^a^^'
Mcmday, and close to-day at 19 and 70 respectively. The ChiThe following were the rates cf domestic exchange on New cago
Gas Trust dividend was paid to-day.
t
,
I
•
THE
444
STOCKS— PRICES AT
STOCKS.
N. T.
March
RR.
Active
Do
* Eastern
Illinois...
prcf...
Do
Do
pref-
& Northwestern
pref.
Chicago Rock Island APacltle.
Chicago St. Louis & Pittsburg-
Do
prei^.
Chicago
Paul Min.
St.
Do
&
37
37 '4
24.
St. L...
Do
prof.
37 '8
'7112
5412
7214
55ie
54=8
12134 12112 I2II2
32
32
32'4
2258 22'a
2234
5458
1211a
'31*1
22-^
-SSH) 61
*3Si3 40
59
39
59
39
IO7I3
321a
7714 81
6814 6938
107 '8 107
31
'30% 31
107
7713
6858
II6I4
77>3
69
March
3714
25.
March
141
93I3
ne-li
141
142
93%
941s
1712
I712
5012
3258
'SOH 52
*93
71
98I4
'93
70^8
*98i4
71
98%
142
121%
30%
2268
2278
55
59
59%
38% 38%
106% 10758
'32
33%
80% 81%
94I2
1712
5OI2
3258
141
93
*17
5468
48%
'31%
8214
68%
142
3678
107
S.'^
6878
10668
32
85 14
67%
.
Illinois Central
17I3 I7I2
1758
6414
6438 6458
nref
107
Lake Shore & Mich. Southern. 107 107
88I2
88I2
*87
Long Island
84% 84% 8414
Louisville & Nashville
40
40
39
Louis. New Alb. & Chicago . .
Manhattan Elevated, consol.. •^10614 106% IO6I4
96% 96% '97
Michigan Central
'92
96
Milwaukee Lake Sh. & West. '91
'106
pref. ....... 113
Do
10i«
*9%
*9%
Miss. Kan. & Texas, trust rec.
73I2 73=8
7314
Missouri Pacific
'14% I6I2 *14
Mobile it Ohio
Na8hv.Chattanooga& St. Louis *102 1041s '102
Mew York Central & Hudson. *106% I0714 IO714
17%
1738
17
New York (jhio. & St. Louis.
*70
70
71
Do
1st pref
Do
'10% 17%
'16%
-93
'93
9414
18
50
33
70% 7078
98% 98%
71
*98
71
140
7014
Do
*39
2d pref.
New York Lake Erie & West'n
Do
pref
New York & New England.
New York Ontario & West
New York Susquehan. & West.
Do
pref.
Norfolk & Western
2512
*6l2
*28
*19
•60
pref
31%
Northern Pacific
Do
2558
*28
*19
*60
I9I2
61
3778
20
Phila.A: Read. Vot. Trust. Cert.
4038
Blchmond&WestP't Terminal
21
40I2
2II4
*77i2
pref.
Borne Watertown & Ogdensb'g
Bt. Louis & San Francisco ....
104
'I712
*37ia
*88
l)rcf.
Istpref.
Dnluth, pref
Texas &
Ann Arbor &N.M
Union PacUic
Wabash, new
Wabash, preferred
Wheeling* Lake Erie
Tol.
104
*17
•37
•88
,
. .
Oregon Improvement Co
Do
„
Oregon R'y
&
-93
pref.
Pacific Mail
38
Pullman Palace Car Co
Teiinessee Coal
Do
38
191
54^8 57
101 14 101 14
'189
& Iron
do
pref.
Western Union Telegraph
(Unlisted.).
Cot. Oil Trust receipts.
Distillers'
Cattle F. Trust..
2714
&
National Lead Trust
Pipe Line Certificates 5
18
American
'"."
Co
Inactive Slocks.
American Telegraph & Cable.
Atlantic
&
Pacific
'
These are the pn€«8 bid
35S4
7334
31
514
130
25r
514
21
109.
250
6%
17
.*70i4
70%
39% 39%
46%
17%
109%
72%
23
32%
100
115
1768
64 14
107%
88
83% 8368
42% 42%
10638 10638
-97
98
*90
95
'108 112
10
'9% 10%
7438
1473
73
14
104
107%
18%
71
14
'102
104
IO714 IO7I4
1714
17
70% 70%
39%
24%
61%
•39
39 14 •39
2468 25%
2378
6II4 6II4 •60
4638 4658
4658
456s
18 14 I8I4 1838 1778
2478
73%
46I4
2156
79
108
18%
21 14
21
'78
79
21
•78
105
105
105
*
2II4
79
106
18%
18%
2078
7734
21
78 14
105% 1C5%
I6I4
16%
38
.
93
91
•97
2258
•38
94
98
27
39%
18
I8I4
18%
843B
87
837e 85%
64% 69
68% 69%
'
'5
•129
2%
155
150
115% 114
8878
145
85%
5%
134
•4
238
514
21
22^8
*85
'140
•93
•98
•90
*98
3858
'4
2158
'45 14
1087s 10878 109
'247 250
249
6%
6%
I8I4
155
115
89
145
93
*98
26I4
*38
18
8378
63
93
99
38 14
39%
*38
I8I4
18^4
85%
64%
151% 153
114
115
•85
89
145
140
26% 26%
39%
2658
Lowest.
1,
1896.
Highest.
39% Mar. 25
77% Jan. 15
41,126 3038 Jan
1,000 7 1 63 Mar.
3,830 52% Feb.
1,700 115% Feb.
195 30 Mar.
2,944 22% Feb.
1,05H 58
Mar.
56i4Jan. 23
127% Jan.
740 37% Feb.
8,355 10158 Feb.
1,247 26% Feb.
1,068 70 Feb.
44,797 66% Mar.
345 113% Jan.
9,017 107 Feb.
130 140- Feb.
41,546 88% Feb.
200 15% Jan.
525 43% Jan.
300 31 Mar.
92 Feb.
5,694 66% Feb.
447 96 Feb.
4,864 18% Jan.
17,240 134% Jan.
1,202 3078 Mar.
990
8% Mar.
25 67 Jan.
100 2014 Jan.
3,870 25% Mar.
2,247 9568 Mar.
1,250 II414 Mar.
1,075 17 Feb.
3,802 62 Mar.
7,405 104% Jan.
220 86 Mar.
33,811 82 14 Feb.
11.740 37 Jan.
1,580 100 Jan.
137 92 Mar.
27
27
28
13
112% Jan. 27
375gJan.
88 Jan.
71i4Jap.
117% Mar.
I4314 Jan.
986e Jan.
53
35
Feb.
Jan.
7368 Jan.
100
1
1838
17%
84% 8568
63% 64%
845?
6378
153
153
113% 115
88% 89
!
3914
140
145
'150
39i.»
155
114% 115
'86
143
'6%
89
143%
5I4
5I4
'4
•4
458
458
46e
22
21% 2178 21 14 21I0 '21
227e
4OI4
46I4
•45
46
46
45
45
'109
110
108% 108%
I0914 '108% 109
249 '245 250 '245 250 •245 250
I
1
!
6%
36%
3
20% 20 In 19% 2014
and a^kedi no sale made at the Board.
•038
•35%
*3
19%
§ Prices
6%
6%| •6I4
36%' •35% 37
5
20%' •19% 20%
I
-038
6%
•35% 37
•3
29
Mar. 13
237a Jan.
13838 Jau.
36% Jau.
10 Jan.
74 Feb.
24 Feb.
25
9
28
28
12f
7
35% Mar. 24
101
120
Mar. 24
Jan. 31
I9I4 Feb.
1
68 Jan. 31
107% Mar. 17
91% Jan. 8
91i4Jan. 29
54% Mar: 10.
1
3914 Jan.
26
27
97% Jan. 27
'
41% Mar.
3
4
18i4Feb. 26
IOOI4 Mar.
9858 Mar.
150 9178]VIar.
104 Jan.
1,100 109 Mar. 26 117 Jan.
125
1258 Feb.
9% Mar.
76I4 Jan.
94,791 7034 Feb.
100 13 Jan.
18% Jau.
104 Feb.
40 102 Jan.
1,049 106 Feb. -_ 10858 Mar.
850 16 Feb. 24l 18i4Jan.
135 70 Jan. 7] 71% Jan.
3978 Mar.
375 36 Feb.
2734 Jan.
16,740 2373 Mar.
65i4Jau.
425 60 Jau.
49i4Feb.
10,415 4314 Jan.
2014 Jan.
11,400 1714 Mar.
734 Jan.
1,050
638 Mar.
25 27 Feb.
31% Jau.
2238 Jan.
100 19% Mar.
6334 Jan.
100 5978 Mar.
3358 Jan.
1,946 30 Jan.
7638 Jau.
17,351 71% Mar.
22% Jau.
1,000 20 Mar.
56 Jau.
1,038 43 Feb.
39 Mar.
26,720 33% Jan.
1,350 16% Jan. 17i 23 Jan.
56,350
_„,
35% Jan. 13 4314 Feb.
13,2651 20
Feb. 21 23% Jan.
4501 76 Jan. 18. 80 Feb.
20 104 Feb. 17 108% Jan.
Feb.
360i 16 Jan. llj 19
39% Feb.
500 36% Jan.
9634 Jan.
87% Feb.
85 Jau.
Jan.
105: 83
115 Jan.
18 110% Feb.
3534
Jan.
3,75()| 2i)%Mar.
22% Jan.
1,950 19% Feb.
4I
38% Mar.
4,.500: 30% Jan.
42,1501 0158 Mar. 19 6878 Jan.
10.25! 12
Feb. 25 14 Jan.
2.510, 2534 Mar. ll 2934 Jan.
9,710 3014 Jan. 111 36% Mar.
Fob. 241 7a % Mar.
2,185: 67
5,620 28 Feb. 171 3638 Jan.
17,335
6,650
3
Jan. 4
Jan. 2
Jan. 9
453a Jau. 9
10868 Jan. 27
35
27%
65%
131 4838 Jan.
2
51%
Feb.
200 102 Jan. 17 103 Jan.
594 92 Jan. 2! 9778 Jan.
fl03 147
Jan. 2 153 14 Jau.
559 92% Feb. 1 106 Feb.
37 435gMar. 12' 48 Jan.
200 90 Mar. 3 95 Jan.
50 97 14 Mar. 3 101 Jan.
15.
IT
23
23
8
27
28
]
14
27
»
21
29
29.
1
4
9
25.
29.
28
27
2»
28.
2
25
27
T
30.
8
31
26
26
8
7
9-
3
27
24
28
28
27
18
24
10
2a
8-
8
22
10
25-
28
28
24
31
16
7
27
2»
32i4Jan. 4
4 41% Jan. 28
21
22% Jau. 27
18% 7.855 16% Feb.
85 /,(?7/.OOf3 8378 Mar. 26 108 Feb. 6
7014 Mar. 21
10
6468 70,090, 50 Jan.
26% 20 14
84
85% 82
85% 84% 84% 84
5I4
5I4
5 14
.JI4
514
514
5% 5%
130% 130% 130 130
130 135 130 134
•2I4
•2% 258
268
2% 2% •2% 234
•35% 36% •36
37
3
4% '3% 5
20%
107
•17
98
92
88
9
'37% 38 14 37% 3734 37
37
•88
89% *88
89% •88
83% 8414 84i4
112 112% 112 113
112% 112 113
34% 35
33% 3414
3478
34
35
34
2OI4 2OI4
20
20% 1978 1978
20
20
38 14
38 14
38
38%
38
38
38% 38
6278 6338
6214 62%
62 14 63% 6238 63%
1238 1238
I214 12%
12'2 12% '12% 13
26%
2638 265f,
26% 26% 265s 2668 26
36
36% 35% 3614
3558 3638
3578 3638
7238 73%
73
73
7338
7258 73
73
3II4 31%
30% 31
3078 31%
30% 31
42 14 43% 4258 43% 42% 43% 4258 43%
4638
46 14 4658 46
46% 4638 44% 45%
102% 103% '102% IO314
103 103
102% 103
'96I4
9638 96% '9614 96%
9668
96% 96%
149 149%
149 149
14914 I4914; 149 150
102% 102% 102% 102%| 102% 102% 10278 10278
46
46
46% 46% •46% 46
47
47
*97
26% 27%
39% 39%
I8I4
514
103
'102
2478
•1714
6378
13636
3314
1890.
1,
94
97
99
99
39
37% 38% 38
38% 38% 2,510 36% Feb. 27; 41% Jan.
713 187 Feb. 28!l93 Jan.
190% 192
191% 191% 191%191%| 191% 192
5314 54
50% 52% 10,576 43% Mar. 171 89 Jan.
52% 54% 52% 54
Mar. 181119 Jan.
80, 96
100 100 •100 104
8178 82%
81% 82
81% 81% 81% 81% 8138 .81% 4,086 x81%Mar. 20 8578 Jan.
27I4
85%
'
Chicago & Alton
130
Cin. Wash. & Bait.— Trust rec.
*238
Do
pref.— Trust rec.
•3%
Columbus & Hocking Coal
19
Denver & Rio Graurfe, pref..
Evansvilie&Terre Haute.
107%
New York New Hav. & Hart '247
Quicksilver Mining Co
'638
Do
do
pref. *36
Bt. Louis Ark. & Texas
'3%
Texas A Paciflc Land Tnist
•TOio
38%
63%
12%
26%
2934
154 154 '150
1151411514*114
-85
8878
89
140 145 '140
United States
Wells. Fargo &
'
93
99
'37% 39
190 190
53% 57
'102 105
87%
68% 70
',,]
104
18%
38% -37
89% •88
83%
112% 112
46% 46%
8658
Adams
21 14
*78
106
96% 96%
149% 149%
xl02%102%
39% 39%
Bugar Refineries Co
Express Stocks.
19%
60%
2038
17%
645s
22
18%
638
6% '6% 6% 6% 634 '6I4 6%
'27% 28%
29
28% 28% •27% 29
•19
19% 19% 19%
19% •19
19% •19
'60
60% 60% 61% 6II4 6II4 •59% 60%
3II4 3138
3134 31% •31
31%
3158 31%
7314 7358
73% 74 14 73% 7438 7338 7358
•19% 20
20
20% •20
20%
20
20
45 14 45 14 44
4414
4414 44'4
4468 45%
38I4 3834
38I4 3878
37% 3838
3838 39
-20
•19
22
22
21
21
21% 21
40% 4078
39% 40
39% 4OI4 40% 41
29
35
I514
105
106% 107
'102
17% 17%
669
73
102
81% 82%
Trust Stocks,
Amer.
97
98% 98%
61
41% 43
45% 47
46% 46%
Navigation Co.
61
46% 46%
17%
22
7358
•14%
70
46%
4OI4
7414
17
24%
40
73%
1714
2538
21
•9%
98
92
109
IOI4
10
'14%
I514
104
107
71
40
25
•39
21% 21%
*78
79%
I8I2
3813
89I2
Do
do
7258 73
pref.
'2914 30
Wisconsin Central Co
lUiHcellaiieoiiM Stocks.
Chicago Gas Trust
4218 42%
Colorado Coal & Iron
4D58 46
Commercial Cable Co
10234 102%
*96i4 96%
Consolidated Gas Co
Delaware & Hudson Canal
14914 150
Edison General Electric
105 105
I714
•7014
70
39
37% 38%
112% 112
34% 34%
19% 19% 20
37%
3758 37%
62% 6258 62%
'1238 12%
12%
26% 2678 2658
35% 35% 3558
Pacific
104
107
20
4414 44 14
Paul &
Paul Mlnnea. & Manitoba. •112
3414
Bouthern Pacific Co
8t.
Bt.
16% •14%
104»4
IO714
I714
20
79
106
61%
88
88%
81% 8458
44
4514
42% 44
106% 106% 106% 108%
•9% 10%
73% 73%
31% 3II4
72% 73%
311,
38
21
Do
Do
6%
7
29
7258 72%
'19% 20 14
437a 44
pref
Ohio & Mississippi
Oregon Sh. L. & Utah North..
Oregon & Trans-Contluental.
Peoria Decatur & E vansvllle
Do
465e
175s
463b 461s
17=8 1758
. .
Do
39
25
40
'1738
71
98% •97% 98%
10714107% 107
IO7I4 10658 10658
9714 9714 '97% 98
98
'90
*90
95
95
95
II212 *108%]12
109 110
74
117
141%
x92
92%
17% '16
17
*49
'4914 5014
50
48% 48%
82% 32% 32% 32%
141 142
9338 94
41% 43%
....
8514
6838
11114 11158 11078 IIII4
1758
17% 17% 17% 1758
6478
64% 64% 64% 64%
IO7I2 10678 10738 107 XO714
89
88% •87
88% 89
84S8
85
84% 8458 84
41
32
116%117i4 117
22I4
22
22
23
22
22 >4 22 14
2214
22
135 '8 13668 136 136% 136i4l365e 136% 1367e 135%
33I2
*33
3314 387e
3358 3358
33% 33% 33
8I2
8I2
-8%
8% 9
8% 8% •8% 9
*71
71 14 71 14 '71
7II3 73
'71% 73
•22I4 23
22 14
•22
2212 22I2 -2214 23
3414 3512
33% 347e •32% 34% 31 14 32% '31
100 13 101 '100 IOII4 *99 100% 98I4 98I4 •97%
'114% llS
115
115% 115% 115
II514 II514 114% 114% 115
Lake Erie & Western
106%
JAN.
Range Since Jan.
Shares.
37
111%
2238
ColumbusHockingVal. &Tol. 22
Delaware Lackawanna (SWest 13618 13638
33%
.assented *33
Denv. Tex. & Ft.
'812
9
East Tennessee Va. & Ga
1st pref. *71i2 73
Do
23
2d pref. *22
Do
34
35
Flint & Fere Marquette
98 100 14
Do
pref
W
28.
117
141
9338 94
98I4
98%
85
68I4
March
72% 7268
54% 54%
121 121%
122
•30
30%
30
2338 22% 23%
59%
59%
60%
40
39% 39%
33% 33%
8214
6878
AND SINCE
Week,
Friday,
5514
141
70% 71
984
7138
37%
72% 72%
32% 32%
69
27.
37
66
55
'120
120
3068 3068
30
23
23
59
59
60%
38 14 38 14 39%
107 107=8 106%
'93
...
March
26.
«8,
Bales
of the
Thursday,
38% 3714 87%
72% •72
72%
72%
54%
121%
30%
6838
Wednesday,
116%117M 117
117H
llOia 11114 111% 111% 111
110% 111
& Cm.. *3Ha 33
pref.
Cleve. Cincin. Chic.
37
. .
Chicatto Milwaukee & St. Paul.
Ohloago
March
22.
Stocks.
Central of New Jersey
Oeulral Taciflc
Chesapcalie &0.— Vot.Tr.ccrt.
Do
do Istpref..
Do
do 2dpref...
ChicBKO Burlington & Quiucy
ChioaKO
Tuesday.
Monday.
[Vol. L,
MARCH
STOCK EXCHANGE FOR WEEK ENDING
HIGHEST AND LOWEST PRICES
Saturday.
Atchlsou Top. & Santa Fe.
Canadian Pacific
Canada Southern
CHROJNlOLE.
5
7,354
24
Feb. 21
400 36i4Mar.
50 150 Mar. 20 156 Jan. 31
105 113i4Jau. 4 116% Feb. 3
64 84 Jan. 6 90 Jan. 31
28 135 Jan. . 7 144 Feb. 7
1201 84 Mar
438 Feb.
008
286 129 Mar.
315;
87 Jan. 27
5% Mar. 19
6 135 Jan. 24
3I4 Jan. 13
238 Jan. 25
7
27:
6I4 Jau. 14
3;
414 Jan.
100
6,830i 15
Jan. 10' 22''8 Mar 24
105 45 Mar. 26 5138 Feb. 1
Jan. 17 IO914 Mar. 25
1,0001 96
40 244% Jan. 10 252 Feb.
100
6 Feb. 25; 7% Jan.
35% Feb. 1 39% Feb
"i'oo
3
325 19
•19% 20%
fiom both Exchanges, x Ex dlTldend.
Mar.
Mar.
41
6
7%
Jau.
23 14 Jau.
Mabch
THE CHKONICLE
39, 1890.]
INACTIVE STOCKS—Qnotationg
1
Bid.
A 8k.
Alb'ny&Susq. 160
BoU.&So.Ul.pf 100
170
Boa.AirLlue.pf 103
104
20
Buff. R. &Pltt8.
do.
j>ref.
Burl.C.R.&No.
Cedar
F.
<tE
M.
aft
6
154^2 156
C1.& Pltt!..I?U..
Denv. A Rio.Gr
U^
3
^Ill.C.lcasedl's.
08
24
;
ilowa Cent
do
prcf.
Keck. & Dos M.
prof.
!»
4
100
10
28
U
1«
1
Kings. &Feiub
Mahon'ir C. B'y
16
60
110
DesM.&F.rj.pf
G.Ba.vW.AStJ*
7
18
25
ii's
do.
(ih
8
II
i
8
1
do.
16»4'i
5
3
Dref.
Man. Beacli....
Mar.H.A Ont'n
5ia
10
87
M.ll.&0.,picf.
Jfar.21jjtfor.28
At.Top.&S.Fe.—lOO-y'r 48,1989
1989
100-year Income 58
Atl. & Pac.— W. D. Inc., 6», 1910
Guar., 48, 1937
Can houth.— l8t guar., 58, 1908
!ii.;i», 1913
Central of N. J.— Cons. 78, 1899,
Convoil. 78, 1002
General mort., 5s. 1987
.
l*h.&W.B..con.7s,1900,as'nt
do. MortKace, OS, 1912
..
Am. Dock A: Imp., 58, 1921 ...
Central PaelHc-Gold 68, 1898
Land grant 68, 1890
Ches. & Ohio.— .Mort. 68,1911..
l8t consol. 58, 1939
Caes. O. &80. W.-Os, 1911
Chic. Burl. & Q.— Cou. 7, 1903..
.
. .
841*
59
BONDS AT
LoteeMt.
6418 Feb
12 Jan.
7012 Feb.
107 Jan.
b,
97
Mar.
Mar.
121 b, 120
127 b I2112 Jan.
HI "4 illlifla. 110i4Jan.
1V6H 113iiib, 113 Mar.
108 Jan.
107i2Jan.
109 b.
110 b. 112 Jan.
1 16
b,
b,
]02'8b. 102'8b.
b. llOigb.
110058
100
'1O8 b.
Ho
10134 Jau.
11512 Jan.
100
108
126
104
Mar.
Mar.
127 b.
Jan.
104iflb. 105 b.
Feb.
Deljeuture 58, 1913
DeuvcrDivisiou, 4s, 1922 .... 93 b. 93 b. 92^8 Feb.
Nebraska Extension 4s, 1927. 92%b. 93 Hb. 92 Jan.
Chic. At E. 111.— 1st, 8. (., 6s, 1907 116>!»b. 118 a. II6I2 Feb.
118 b. 118 b. 118 Feb.
Consol. 6s, 1931
General consol. Ist, us, 1937.. 95'sb. 97>9b. 95 Feb.
Chic. Ga.s.L.&C.— 1st, ff,5s,1937 92»8b. »2>4b. 90% Jan.
Chic. Mil. ii St. P.— Con. 78, 1905 127»4b. 12712b. 12168 Jan.
1st, SouthwestDlv.— 68,1909. 114 b. 11438b. 113i2Mar.
llliflb. 113
Jan.
1st, So. Miu. Uiv.— 6s, 1910 ..
Ist.Ch.&Pac.W.Dlv.— 5s,1921|100>sa. 106 b. 105 12 Jan.
Chic. & Mo. Klv, Uiv.— 5s, 1926 lO^^sb. 10212b, 102 14 Jan.
Wis. & Minn. Div.— js, 1921 .. 103 '4b., 10314b, 103 Jan.
lOS^sb. 101 b. 103
Terminal 58,1914
Mar.
Chic. & N. W.— Consol. 78, 1915. 142 b.i 142 b. 112 Feb.
127% 126 Mar.
Coupon, gold, 7s, 1902
127''e
116%b.; 117 b. 11513 Jan.
Sinking fund 6s, 1929
108 -sb. 10834b. 106% Mar
SinkiU',' fund 5s, 1929
Bmking Juud debont. 58, 1933 111 b. lll?tb. 109 Jan.
25-year debenture 5s, 1909... I07I3 10712b. 105% Jan.
96 b.'
Extentlon 18,1926
96 Jan.
ChicPeo. &St. L.— Gld..58, 1928 91 b. 9412b. 9II3 Jan.
127
b.
•.
um
!
i
I.
&Pac.— 68,coup.,1917il29
b. 12914b,
1105
lOjiflb,
Extension & col. 5s, 1931
104 b,
Ch.St.L.& Pitt.— Ist,cou.5s,1932ll04
Chic. St. P. M. &0. -Cou. 63,1930 121 a.i:119 h
92 b.
Cleve. & Canton— 1st, 5s, 1917
C. C. C. & I.— Consol. 78, 1914. 132 b. 132 b.
General consol. 68. 1934
103
Col. Coal it Iron— 1st 6s, 1900.. 103 13
Col. H. Val. & Tol.—Cou. on, 1931 75 b. 76i4b.
7512
76
General gold, 68, 1904
118 b.
Eeuver & Kio Gr.— 1st, 7s, 1900
12914 Jan.
1041a Jan.
100 Jan.
I2OI2 Feb.
Ist cousol. Is,
rt.
W.
6i
1936
—
Denv. C— 1st, Os, 1921
Oal H.&SauAut.— W.Dlv.lst.os
Gulf Col. & San. l"e— Ist, 78,1909
Gold, 6s, 1923
ii St. Jos.- Cons. 6s, 1911
Illinois Ceutral- Is
195;
Int. & Gt. No.— 1st, 6s, gold, 1919
Coupon, 68, 1909
Iowa Central— Ist os, 1938...
Han.
Kentucky Cent.—Gold 1, 1987
Kings C'o.EI.—lst,6er.A, 58,1925
Laclede
Gas— let,
1919
L. Erie & West.— Ist, g., 5s, 1937
take Shore.-Con .cp. lst,7s, 1900
Cousol. coup., 2a, 7s, 1903
Iiong Island— Ist, con., 58, 1931
General mort.. Is, 1938
IjOuIsv. & Nashv.— Con., 7s, 1898
N. O. & Mob.— Ist, 68, 1930
do.
2d, 6a, 1930
E. H. & N.— 1st, 6s, 1919...
General, 6s, 1930
Trust Bonds, 63, 1922
50-year 08, 1937
Collat. trust 5s, 1931
Irtuls. N. A. &Ch.— Ist, 68, 1910
Consol., gold, 6s, 1916
Louis. South., Ist g. 68.. 1917
IX)Ui8.8t.L.& Tex., Ist g.6s. 1917
^etro. Elevated— l8t, 6s, 1908.
2d, 63, 1899
Mich. Cent.— 1st, con., 78, 1902
5s
,
Bid.
A»k.I(
176
22
17
185
84 »8 Mar.
59'8 Mar.
15 '-J Mar.
75 Mar.
110 Feb.
loo Jan.
122 Jan.
128 Feb.
112 Jan.
116 Jan.
10118 Mar.
110 Fob.
116% Mar.
102"a Mar.
118 Feb.
101% Jan.
II312 Jan.
127 Jan.
105 Jan.
95 Jan.
91 Feb.
118 Jan.
121i2Jan.
100 Jan.
91% Jan.
12-% Mar.
111% Jan.
117
108
Jan.
Feb.
1027, Feb.
103% Feb.
105 Jau.
144 Jan.
128 Mar.
117 Feb.
110i2Feb.
111% Mar.
IO8I2 Feb.
99 '8 Feb.
95 14 Mar.
131
lOo^s
IOII2
I2213
Feb.
Feb.
Mar.
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Jau.
9ii2Mar. 97
132 12 Mar. 135
II714 Feb. 119
103 Mar. 108
73 Mar. 79
73 Mar. 77
118i2Jan. 119
78%
79
79
7612 Jau.
100 a. 90 b. 99 Mar. 100
36 b. 35%b. 35 Mar. 38
9312b. 94 0. 92
94 .Mar.
Jau.
106
105 b. IO312 Jan. IO6I4 Feb.
lll%a. 110 b. 108 12 Jan. 112 Mar.
9512b. 91 %a. 95
Mar. Iu4 Jan.
105^ 106% IO312 Feb. 106% Mar.
94 b. 91 b. 93 14 Feb.
9458 Mar.
117 b. 118 b. 11108 Jan. 120 Feb.
76i8b 76 b. 7418 Jan.
7714 Feb.
117 b.
117% Mar. 121 Feb.
101 %b. lOliab 10034 Jan. IO214 Mar.
11114b. llOHib, 109 14 Jan. 112 Jan.
75 b. 75Mb, 7314 Jan.
77 Feb.
85i2b. 86iab. 85
87% Feb.
Jan.
84>2
85 Jan.
84 Jan.
105 a. 101 a, 103% Mar. 105 Jan.
81%
82 a. 811a Mar. 87 Jan.
110
109 b, 110 Feb. 112 Feb.
125 b, 124 Jan. 126 Jan.
125 b. 125 b. 123% Jan. 125 Jan.
Ill a. 116
115% Mar. 117 14 Jau.
96 b. 96 b. 96% Mar. 99 Jan.
118i2b. 118%b, 115
Jan. 119 Jan.
118 b. 118 b. 11514 Jan. II8I2 Mar.
lOOasb. I09»8b. 106 Jan. IIOI2 Feb.
114 b. 114%b. 113 Jan. II412 Mar.
114isb. 115%
113 Jan. 11,T% Mar.
llOifeb, 11038b.
10912
108 b, 105 12
108 a. 101%
117
lllia
101 Is
98
Jan.
Jan.
Jan.
Jan.
26
S5»a
111%
Feb.
Bid.
1
Ask.
I
54 ....„
7
RIch.&All.tr.r.
Cameron Coal.
3
4
14>lt Rio Gr. West..
18
Colorado Fuel.
79
81
do
prcf.
40 >« 42>a ('imsol.CofilCo. 22 >4 25
250 ,8t.L.Alt.&T.H.
38
43
Ifiitk'us'kWat. ICO
do.
pref.l 110
do.
125
pref. 100
St. P. & Dill...:* 3i>3
t*clede (ia«...
14
17
I3I3 19
23 [Tol. & O. Cent. * 00
70
Mary'd. Coal
do.
prcf.
80
Ontario Silver * 40
77
16>s
16Ja 17
Pcnn. Coal.,.. 275 rm
154
Tol. Poor. & W.I
Ph.Nat.OanCo.
29 [Utlca&BI.Blv.; 135 150
63
37 [V». Midland...! 4a
471a' Postal Tel. «;o. • 27
31 "a
:Reuu8. i&8ara.
jiCahobaCoal...
'
'
|i
,
:
'
Ctonng.
I
IBAILBOAD AMD MISCEL. BONDS.
Highest.
I
Det. B. C. & Alp.— lst.g.,6s, 1913
Cet. Mac. & M.— Ld.gr.3i28, 1911
Oul. 80. Sh.& Atl,— g., 5s, 1937.
E. Tenn. V. & G.— Con., 5s, 1956
Knoxv. & O lst,63,gold,1925
Eliz. Lex. & Big San.— 6s, 1902.
151
55
STOCK BXCllANUB. ANI» RANOE SINCE JAN.
N. I.
tinee Jav. 1,
58 13
97>2b,
98
120
127
N.Y.N. n.&H. 215
N.Y.&Nor.pf. • 26
7^8
Ohio Iiid-AWn
ilo
prof.
19
Ohio Southern.
14>s
83% Mar.
73
109
IO8I9
1
SlHi
14>3
1414b,
73Jsb,
&8t. L.
6«a
do
pref.
14
iMorrls&Kssei! •149^1
BHi Pitts. Ft. W.&C
Pitts. & W.tr.re
01
Pitts. AW. pret
Kange
50
iiMlnu.
1
I
RiLILROAU AND MlSCEL. BONUS.
iMllw.i North.
15
LA EST PltlCES OF ACTIVE
Olo$ing,
Chic. K.
(* Indicates actual sales.)
Bid. |Aak.
1
[HouH.&Tex.C.
3
Dm M. & Ft. D.
BUMIS-
77
?,•)
continued.
i|
I
1
1
7(i»a
Ask.
Bid.
445
Sangt
Jfa/.21(ifar.28J
1,
1890.
$lnee Jan. 1.
Loweii.
Sigluu.
|
Nash.Ch.A St.L.— Con. 58, 1928 109
109 b. 106% Jan. IllOH-Mar.
104 b.'103i4 Jan. 10'li4 Mar.
N. \. Ceutral—Extend., 5s, 18931104
N.Y.C.&lI.—l8t,ep., 78, 19031 131 lab. 130 b. 130i4Jan. 131% Mar.
111 a. 110 Mar. 112 Feb.
Deb'ut're, Ss, coup., '84, 1904 1 1
N.Y.<tHarlcui— lst,(S,reg.,1900'126 b. 128. a. 1251a Jan. 12778 Jan.
N. Y. Chic. & St. L.-lst,l8, 1937 96i6
96isb.l 93i9Jan.
97 Jan.
N. Y. Elevated— l8t, 7s, 1906... 113ia
Il3%b.;ll;t
Mar. 115 Jan.
N. Y. Lack. & W.— Ist, 63, 1921. 133 b. 133«ab.ll32ia Jan. 134% Fob.
Consiructlon, os, 1923
HO b. llliaa.a Ilia Fob 111% Feb.
N.Y. L.E. <& W.— lst,con.78,1920 134 b.
il36
Mar. 13<J% Jan.
Long Dock, 7s, 1893
HO"! 109%b.|108i3 Jan. |1I0'4 Mar.
Cousol. 6s, 1935
122 b. 12212b. 120 Jan. 122% Jan.
10 1 k
2d cousol. 68, 1969
98 »8
98»8 Mar. 102% Jan.
N. Y. Out. & W.-lst, 6s, 1914.. llO^s
HI b. 10% Mar. ill3%Fob^
Consol. l8t, g. 5.3, 1939
97 a. 97
96 Mar. 98 Jan.
N.Y.Su8.&W.-l8tref,,5s,1937 97 b. 97 b. 97 Mar. 99 Jan.
Midland of N. J.— Ist, 68, 1910 116 b. lie b. 115 Jan. 118 Feb.
Norf. & W.— lOO-ycar 5s. .1990 OS^ab
96 b. 95 Mar. 96% Mar
North. Pac.— l8t, coup., Os, 1921 111,8
II514
113% Jau. |H5%Mar.
113iab.
General, 2ll, coui)., 1933
112 Mar. '114% Feb.
H^'a
General, 3d, coup. 6s, 1937... lioiaa. llOia
IO914 Jan. Ill Jan.
North Pac.&Mon.— Ist, Os, 193s!l05i2 106
101 14 Mar. 108% Feb.
No. Pac. Tor. Co.— 1st, 6s, 1933. 108 'eb. 10014b. 106 Jan. 109 Feb.
Ohio Ind. & West. -Ist, OS, rec. 83I3
81
8214 Jan.
81% Feb.
Ohio & Miss.- Consol., 78, 1898. 115 b. 115%a. 11459 Feb 1 15% Mar.
Ohio Soutuern— Ist, 6s, 1921 ... HO
110 a. 108 Jan. 110 .Mar.
2d, Income, 63, 1921
17 b. 48 b. 45 Mar, 55 Jan.
Omaha & St. L.— 1st, 43, 1937.. 76iaa. 7613a. 73i2Jan. 76% Jan.
Oregon Imp. Co.— 1st, 6s, 1910. 101 a. 10312b. I10II2 Jan. IOII4 Mar.
Ore. K. & Nav. Co.— l3t, 68, 1909 1 10
lOOiab.'loo Feb. 113 Jan.
Consol., 53, 1925
103
1 03 %a.' 102 '4 Jan.
104% Mar.
OregoniTranscon'l- 68, 1922. lOOifib. 107
[103% Jan. 107 Mar,
Peuu. Co.— 412.3, coupon, 1921.. HO^l llOka. 108% Jan. 110i4Mar.
Peo.Dec. &Evan8.— lst,63,1920 104 a. 103 %b. 101 Jan. 104 Fob.
Evansv. Dlv.— 1st, 6s, 1920. 100 b. 100% 100 Mar. 100% Mar.
2d mort, 58, 1927
68 b. 66 Mar.
66
72% Jan
Phlla. * Read,— Gen, 4s, 1958.. 83'fl
8378
8OI2 Mar.
87 Jan
Istpref. Income Ss, 1958
66%
66
62 Mar.
80%
Jan.
2d pref. income 5s, 1958
4714b. 13 la Mar.
47 ^2
54% Jan.
39'4b.j 39 b. 36
3dpref. Income 5s, 1958
Mar. 49 Jan.
Pittttb. & West.- 1st, g.,4s, 1917
80 b. 80 Feb.
81
82% Jan.
11
'
1
1
!
1
;
1
!
1
.
I
. .
Rich. & All.— Ist, 73, Drexel cert. 69%
2d mort., 63, 1916, Drexel cert. 38 "lb.
Rich. <fe Dauv.— Con., 6s, 1915
116 b.
Consol. gold, 5s, 1936
90
. .
Rieh.&W.P.Ter.—Trust 6s, 1897
Con. Ist & col. trust, 5s, 1911
RloG. Western— Ist, Is.... 1939
R.W.&Ogd.— Con., ext,5.3, 1922
St. Jos. & Gr. Isl.- 1st, 6s, 1925
8t. L. Alt. & T. H.— 1st, 7s, 1891
2d, mort., pref., 78, 1891
St.L.Ark.&Tex.— l8t,6s,exooup.
2d, 6s, 1936
St. L. & Iron Mt— 1st, 78, 1892
2d mort, 78, 1897
Cairo & Fulton— 1st 78, 1891
.
.
Cairo Ark. & Tex.— l8t,7s,1897
Gen. R'y Aland gr., OS, 1931,
8t L. & Sau Fr.— 6s, CI. A, 1906
6s, Class B, 1906
'..'..;
68, Class C, 1906
General mort,
63,
1931
8.P.M.&M.-Dak.Ext,6s,i9l6
1933
Do
reduced to lias...
Montana Ext. Ist, Is, 1937
l8t consol., 6s,
SanA.&.'U-an.P.- lstg.,68,1916
Ist gold, 6s 1926
Bhen. Val.— Ist, 7s, 1909, Tr. rec.
General 6s, 1921, Trust rec.
80. Car.— 1st 6s, 1920, ex coup.
Income, 6s, 1931
80. Pac., Ariz.— 1st 63, 1909-10.
So. Pac, Cal.— Ist, 63, 1905-12.
. .
98
79
b.
7213
!
M.—
90
b.
98i2b.
79'4a.
72
112'4b. 112 b.
105 i8b 106 14
Hliab
^713
87%
2312b.
70% Feb.
40 Jan.
117% Mar.
9II4 Feb.
98%
Mar. 103
77 Mar. 8II4
69^8 Mar.
73
110 Jan. H214
101% Jan. 106 14
Jan.
Feb.
Jan.
Mar.
Mar.
106
86%
Mar.
Mar-.
HI
Ja^.
Jan.
Jan.
Jan.
109 14 Feb.
101% Feb.
105% Mar.
92% Mar.
113 Jan.
113i4Jan.
1 13
Jan.
112 Jan.
120 Mar.
120 Jan.
102% Feb.
89% Jan.
87% Feb.
89 Feb.
122 Mar.
91
2312b. 23% Mar.
29
101%b, 10414b. 101 Feb. 108
107
101 '1
101 lab,
91 b,
H2i2b.
109
b. 107
Mar.
100% Jan.
105 b. 102% Jan.
921a
88 Jan.
113 b. I1214 Feb.
112i2b. 113 b. 112%
Jan.
H2i3b. H2%b. 112% Mar.
110
109 14 Feb.
119 b. 120 a. 117^6 Feb.
II714 117 b. 115% Jan.
101 b. 100 Feb.
esia
88 is
86% Jan.
86 b. 86 b. 85 Jan.
87 a. 86 b. 85% Jan.
121iab. 113% Jan.
122
54
53 b. 48 Jan.
Oe^ab,
96 Jau.
9
7% Jan.
106 Vlb.
105%
Feb.
^
114 "b. 115 Jan.
102i2b.'l03i4
101% Jan.
107 b. 10758
107 Jau.
& Pac—
38%
10114b.
101%
100
.55
Mar.
99
Feb.
Jan.
Jan.
Jan.
9
107
115
103% Mar.
10758 .Mar.
Jan. 104% Jan.
Jan. 103% Jan.
9278 Feb.
9058 Jan.
37% Feb. 4973 Feb.
105 Jan. 107% Jan.
107 Jan. 110% Jan.
102 Jan. 1037^ Mar.
78 Mar.
76 Jan.
98 Feb. 101 Jan.
115 Jan. 118% Mar.
112% Mar. 116% Feb.
110% Mar. 112 Jan.
110 Jan. 113% Mar.
113 Jan. 117% Mar.
11458 Jan. 118 Mar.
97
b.
9214
3814
& M.—
106 a.
106 Jan.
112 a.
110 Feb. Tol.A. A.&Gr. Tr.— IstOs, 1921 H2
115 b.
119 Feb. Tol. & Ohio Cent.- Ist, 58, 1935 10312b. 103i«b.
99 14
Mar. 105 Jan. ToLPeo.&West— Istls, 1917.. 78 b. 77%b.
92
92 Mar. 1041a Jan. Tol.St.L. AKan.C— lst63,1916 OO"! 100 a.
118ia 11713b.
97 %b. 98 1«
9714 Feb. 101 Jan. Union Paciflc— 1st, 63, 1899
112i8b, 112i8b.
Sinking fund, 8s, 1893
11414b. 111
112 Jan. 111% Mar.
108 12 107i2l>, 10578 Feb. 108 12 Jan.
Kansas Pacido- Ist, Os, 1895 H0°8b, 110%
126i2b. 127'8a. 126 Jan. 128
6s,
112 b.(112i4b.
Ist
1896
Jan.
CoiL^ol., 58,1902
11412b.
Denver Div.—6s, 1899
11112b. 111
llliaMar.
J.in.
Mil. Lake Sh. & W.— Ist, 68, 1921 122 b. 12214b. 121
l8t
cousol.,
6s,
118
II712
123
1919
Feb.
14 Jau.
Conv. debenture, 58, 1907
100 b.
Oreg. Short Line— Ist, 6s, 1922 113 b. 111
101% Jan. 101% Jan.
Exteu.&Imp. 8.f.,5s, 1929... 10112b. 101% 101 Jan. I0514 Jan. Or. 8. L. & Utah N.— Cou.58,1919 93 12
93%b.
Milw. Si. North.— M. L., 6s, 1910. 11114b. 111 b. IIOI4 Feb. IIII2 Feb. Union Eleva.— 1st, gu. 6s, 1937 10712b. 107 12
Ist, Con., 08, 1913
109%b. 110 b. 108 "a Feb. 110i4Mar. Virginia Mid.—Gen. m., 5s, 1936 85 12
85 b,
Mo.K.&T.— Co.i., 68,1920, tr.reo, 75 b. 7514b. 7212 Jan. 76 Mar.
do
stamped guar. 86iaa. 87
Consol., 58, 1920, trust rec
64l2b. 61 ki
10313
Wabash0119 Jan.
gold,
5s,
103%
66 Feb.
Ist
1939
Con., 7«, 1901-5-6
111% 115
2d mort., gold, 58, 1939
81
81
110% Jan. 115 Mar,
Mo. Pacltlc— Ist, con., 68, 1920, limb. limb. 109% Jan. 1121a Mar.
Debent M., scries B, 1939 ... 47 b. 48 a.
3d, 7.S, 1906
116 b.
IIII2 Jan. 115 Jan. West Shore— Guar., I3
105
105%
Pac, of Mo.— Ist, ext., Is, 1938 98%
99
98% Jan. 10112 Jan. West N. Y. & Pa.— Ist, 5, 1937. 96 b. 95 lab.
2d mort.,78, 1891
31isb. aiiab,
IOII4 Jan
103 Mar.
2d mort., 3g., 5sc., 1927
Mobile & Ohio— New, 63. 1927.. 115iab. 115i2b 115% Jan. 1161a Feb. West Un. Tel.—Col. tr., 5s, 1938 100
100
General mort., 48, 1938
58 b. 57I2
5714 Jan.
651a Jan. Wheel. A Lake E.— Ist 58. 1926
Mutual Un. Tel.— 8. f., 68, 1911. 100 b. 100 b. 101 Jan. IO214 Feb. Wis. Cent Co.— Ist g., 5s, 1937. 98 iflb. 98%
Kaah. Ch. & St. L.— Ist, 7s, 1913 13219b. 13214b. 13214 Jan. 133 Jan.
58%b. 61
Inoome. 58, 1937
HoTK—Theletter "b" indioates prloe bid, and "a" prloe twAsed; all other prioea and the range are trom aottial salea.
.
68i» Jan.
37 Feb.
II513 Jan.
88% Jan.
110% Jan. 112i4Mar.
108i2b
1st, consol., gold, 5s, 1938
So. Pac, N.
1st, 63, 1911
Tenn. C. I. By.—Ten. D., Ist 68 IOOI3
100
BIrm. Dlv., Ist 6s, 1917
Tex.
1st gold, 53, 2000 92
2d, gold, income, 58, 2000
N.
Tol. A. A.
l8t, 6s, 1924 lOOiia.
&
69i2b.
3714D.
116%
98%
112% Mar. 116% Jan.
93 14
107
85
87
102
80 14
47
9514 Jan.
.Mar.
Mar. 108% Jan.
Mar. 87% Feb.
Mar. 88% Jan.
Jan. 103% Jan.
86% Jan.
Feb.
Mar. 53 Jan.
10414 Jan. 105% Feb.
96% Mar.
9214 Jan.
33% Feb.
29 Jan.
Jan.
102%
99 Mar.
105 Jan. 105% Jan.
96^8 Jan.
''513
Mar.
U9%
Alar.
69
Jar.
THF. CHRONICLEL
446
IVoL. L,
BOXDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OP THE LESS ACTIVE RAILROAD BONDSl
SEcuKirrEa
Brooklyn Elev.— l8t,
2d, 3-59
Bufl. Eoch.
g., 68.
.1924
.
1915
& Pitts.-Gen., 58.1937
1921
Koch. &Pitt«.— l9t, 68
Con80lidafdlat.69.1922
do
Burl Ced. Kap. & No.— Ist, 58.1906
Con8ol. & collat. trust, 58. .1934
Minn. & St. L.— let, 78, gu..l927
.
& West- 1st, 78. .1909
Eap. I. F. & N., Ist, 68.1920
Iowa
Ced.
C.
l8t,
.
1921
4138. 1930
58
Central Ohio Eeor.— iBt,
Cent. ER. & Bank.- Col.g.,58.1937
8av.& West.- Istcon. g.,58,.1929
Cent, of N. J.— Conv. deh., 68.1908
Central Pacific— Gold bd8.,68.1895
Gold bonds, 68
1896
Gold bonds, 68
1897
San Joaquin Br., 68
1900
Cal. & Oregon— Ser. B. 68. . .1892
Mort. gold58
1939
West. Pacific- Bonds, 68
1890
No. EaUway (Cal.)— Ist, 68.1907
SO.year 58
1938
Ches. & O.— Pur. M. fund, 68.1898
68, gold, series
B.
A
1908
1989
& A.- Ist cons. 2-48
& 80. West— 2d, 6s. .1911
€3he8. O.
Bid
E. Tenn. Va. & Ga.— (Continued)1937
Ist ext. gold, 58
Railroad Bonds.
(Stock Exchanot Prices.)
98^
Atlantic & Danv.— Ist g., 6s. .1917
Atl. & Pac— 2d W. D., KU. 66,. 1907
121
Bait. & Ohio— let, 68, Park B.1919
1925 107»s
5e, gold
1988
Cons, mort., gold, 58
Beech Creek— Ist, gold, 4s. . . 1936
99hi
Boat. H. Tun. & w;— Deh. 58.1913
.
BECURITIES.
Ask.
Bid.
1938
Kq.&Irap.,g.,5e
Mobile & Blnn.— Ist, g., 58. .1937
Alabama Central— Isf 68. ..1918
1897
Erie— Ist, extended, 7b
1919
2d, extended, 58
1923
90
3d, extended, 41S8
1920
58
100
extended,
4th,
1928
5th, extended, 4s
1131s
1920
coup.,
78
cons.,
fd.
86
90
Ist,
1908
Keorg., l8t lien, 68
95»s
1916
122
1st,
7s
B. N. Y. & E.—
116 118
N. Y. L. E. & W.— Col. tr.,68.1922
1969
97>2
Funded coup., 5s
1977
90
92
Income, 68
68....
1908
113
Buff. & S. W.— Mortg.
1909
90
Jefferson— Ist, gu. g. Ss
90
Eureka Springs E'y— l8t,68.g.l933
Evan. & T. H.— Ist, cons., 68.1921
1923
Mt. Vernon— Ist 68
96 100
Evans. <& Indian.- 1st, cons. .1926
9315 96
Flint&P. Marq.— Mort., 68. ..1920
1939
Istcon. gold, 58
111 II214 Fla. Cen. &Pen.— Istg. 58.. ..1918
Ill's
Gal. Har. & San Ant.— Ist, 6B.1910
1905
114
2d mort., 7s
1931
113
West. Div., 2d 6s
1927
IUHp
Ga. 80. & Fla.— 1st, g. 6s
103 Hi 1041s Grand Rap. & Ind.— Gen. S8..1924
II4I3
Green B. W. & St. P.— Ist 68. .1911
2d income, Ist subs, paid
101
Housatonic- Cons, gold 5e.... 1937
1I4>4
N. Haven & Derby, Cons. 58..1918
Hous.&Tex.C— Ist, m. 1. 78.'I*.rec.
1191s 120
69
82
109
122
9954
69%
821a
West Div. 78,Tnist receipts.1891
1901
1st Waco & Nor.- 78
2d m.Ss.M. 1. Trust receipts.1913
SECURITIES.
Ask.
Bid.
—
89
Northern Pacific (Continued)
CcBur d'Alene— Ist, 68, gold. 1916
CtBur d'AIene.gen. 1st, g.,68. 1938 108
91
Cent. Washington— lst,g.,68.1938
92
Norfolk* West—General, 6s. 1931
1151a
1932
New River, 1st, 68
1201s 1211a
H4is
1934
Imp. A Ext., 68
1924
108
Adjustment M., 78
Equipment, 5s
1908
1957
103 104
Clinch Val. IstSs
Ogd. A Lake Ch.— Istcon. 68. .1920
110
1391s
110
88
ibo'
105
Ohiotnd.AWest.- 1st pref. 58, 1938
1938
Reorgan. ric.,2d, 58
Ohio A Miss.- Cons., 8.F., 78. .1898
1911
2d consol. 78
1 905
Springfield Div.— Ist 78
1932
General 58
1936
Ohio Elver RR.— Ist, 58
1937
92% General mort., gold, 58
1921
120 I'OhioSo.—Gen. m., g., 4s
I
118
110
104 1105
120131.
1171a 119
110
109
103
84
55
11458 1151s
124
II3I8
100
90
48
16
'Oregon A Califomla^lst, 58.1927
1 1 2 la Pennsylvania RE.—
124
Pitts.C. ASt.L.— 1st, cp., 78.1900
1221a
1051a
Pitts. Ft. W. &
1st, 78... 1912
1121s
1
;
109
'
C—
C31ev.
94
95
1912
2d, 7s
3d, 7s
102
A P.— Cons., s.
fd.,
4th, sink, fund, 68
Bt.L. V. AT. H.— l8t, gu.,
2d, 7s
2d, guar. ,78
991a'
93
1912
78.1900
1892
78.1897
1898
1 898
25
Peoria A Pek. Uion— 1st, 68 .1921
107 14 107 is| 2d mortg., 4%s
1921
Phila. A Read.— 3d pref. convert
110 110% Pine Creek Railway—6s
1932
!Pitts. Clevc A ToL— Ist, 6s.. .1922
1091s 111
1922
105
Pitts. Junction— 1st 6s
121 I22I3 Pitts. Mc. K. AY.— 1st 6s
1932
76
78
Pitts. Painsv. A F.— Ist, 5s. ..1916
Pitta. Y. A Ash.—Consol. 58.. 1927
1071s
92
91
Presc't A Ariz. Cent. Ist, 68,g.l916
.
llOij
1916
2d income, 6s.
Rich. A Dan v.—Debenture 68. 1927
1909
Equip. M. 8. f., g., 58
119 121
Atl. A Char.- 1st, pref., 78. ) 897
118
1900
Income,
6s....
do.
115
Eome Wat. A Og.— Ist M., 78.1891
1925
95% 97 St. Jos. & Gr. Is.— 2d inc
107
Kan. C. A Omaha— 1st, 58.. 1927
75
St. Louis Alton A Terre Haute—
118
1894
2d mort., income, 7s
1894
99 »^
Dividend bonds
.
135
128
104
113
129
105
117
ibo'
113%
65
41
107
115
98
Gen. mort.6s,Tru8treoeipt8.1925
4s
...1951
Ist,
Illinois Central—
g.,
09
1951
118
l8t, gold, 31SS
41
Bt. L. Jacks. & Chic— lst,7s.l894 1121a 1131a
Springf. Div.—Coup., 6b.... 1898
105
1921
Ist, guar. (564), 78
1894 1121s
Middle Div.— Reg., 58
88
2d mort. (360), 78
1898
C. St. L. & N. O.— Ten. 1., 78.1897
i'oa'
1897
2d, guar. (188), 79
1898
Ist, consol., 7s
id8%
Miss.E. Bridge— 1st, s. f., 68.1912 107
1907
2d, 68
105%
1951
Ohio. Burl. & Nor.— Deb. 68. ..1896
Gold, 58, coupon
30
38
1951
owe. Burling. & Q.— 58, 8. f..l901 107 14
Memp Div., Istg. 48
82% 86
Iowa Div.— Sink, fund, 58.. 1919 110 113
1894
2d Div., 7e
Dub. & 8.
Sinking fund, 4s
1919 97% 98
Ced. Falls & Mlnu.— Ist, 7b.. 1907
107 107%
Plain, 49
1921
90
91
Ind.Bloom.&W.— Ist, pre(.78.1900
52
58%
Chic. & Indiana Coal— 1st 58.1936
96
Ind. D. & Spr.- l8t 7s, ex. cp.l906
Oh. MU. iSiSt. P.— l8t,88,P.D.1898 1231s 125
1947
Bellev. A 80. 111.- Ist, 88...1896 117% 118
Ind. Dec. & West.— M. 5s
1923 IVO
30
Belle V. A Car.— 1st, 68
2d, 7 3-lOs, P. D
1948
1898 1161s 118
2d M., Inc. 58
ibi"
Ist, 7s, $ g., E. D
95
Chl.8t.L.APad.— lst,gd.g.58 1917
1902 123»2 125
Kan. C.Wyan.&N.W.— l8t,58.1938
84
l8t. La Crosee Division, 78.1893 112
112
St. Louis 80.— Ist, gd. g. 48.1931
L. Bh. &M. So.— C. P.&A.—78.1892 109 14
2d income, 5s 1931 44
l8t,L&M.,7s
do
1897 116% 117
BufT. & Er.—New bonds, 78. 1898 1211s
.1932 *
83
Ist, I. & D., 78
1906 130
Car. A Shawt.— 1st g. 4s.
1899 119
Det. M. & T.— Ist, 7s
iBt, C. &M., 78
1903 125%
Lake Shore— Div. bonds, 78.1899 123 1231s St. LouisAChic— lst,con.6s.l927
let, I. & D. Extension, 78... 1908 127
St. L. A I. M.— Ark. Br.,lst,78.1895 ib758 108%
Mahon'g Coal EE.— 1st, 58.1934
l8t, LaC. &Dav., 5s
St. Louis & San Francisco1919 1031s
Litchf. Car.& West.— Ist 68. g.l916
Ist, H. & D., 78
1895 101%!
1898 1201s 122
Equipment, 7s
1910 123 124
Long Island— Ist, 78
l8t,H.&D.,5s
1931
1927
102
General 58
1910
8t,
5s
N. Y. & E' way B.— 1
g.
Chicago & Pacific Div., 68. .1910 116i«
1987 «
37%
31
1927
Ist, trust, gold, 58
2d mortg.. inc
08
Mineral Point Div. 58
S.—
g...l916
.1897
City
A
Ist,
1910 1021a 105
Kan.
68,
N. Y. & M. Beach— 1st, 78.
C. & L. Sup. Div., 58
98
1921
104
Ft. S. A V. B. 6g.— Ist, 6s. .1910
N. Y. B. & M. B.— Ist, g., 58.1935
Fargo & South., 68, Assu. .1924
Bt. L. K. & So. Wn.— l8t, 68. .. 1916
Brooklyn & Mont.— Ist, 6a. .1911
Inc. conv. sink, fund, 5s
1911
Kansas Mid'd.— 1st, g. 4s... 1937
191t
Ist, 58
Dakota &Gt. South., 58.... 191t; 99 100
.1931 109
"
St. Paul A Duluth— I8t, 58.
Smithtown&Pt. Jeff.— lst,78 1901 110
Gen. mort. e. 4e, ser. A
1917
2d mortgage 5s
1989 95% 961s Louis. & Nash.— Cecil. Br, 78.1907 105 109
111%
Chicago & Northwestern1920 108
St. Paul Minn A M.— Ist, 7s. .1909
Pensaeola Division, 68
Esc. &L. S.— l8t, 6s
1909
1901 113
118
2d mort., 6s
Bt. Louis Division, let, 6s.. .1921
DesM. & Minn.— l8t, 7s.... 1907
1980 67
Mlnneap. Union— 1st, 68. .1922 114
2d, 38
Iowa Midland— 1st, 8s
Mont. Cen.— Ist, guar., 6s. .1937 114
1900
135
Nashv. & Decatur— 1st, 78. .1900 1181s
Peninsula— Ist, conv., 7s... 1898 120
1910
East. Minn., 1st (fiv. 1st 5s. 1908 101
8. f.,68.— S. AN. Ala.
Chic. & Milwaukee- 1st, 78.1898 1191s
99 lol
1924
San Fran. A N. P.— 1st, g., 58.1919
10-40, gold, 68
Win. &8t. P.— 2d, 78
Shenandoah Valley— Inc.. 68.1923 22
1907
Pens. & At.- 1st, 68, gold. .1921 1081a 109
MU. & Mad.— Ist, 68
1936
1905 115'
iSodus Bay A So.— Ist, 58, g...l924
So. & N Ala.—Con. 5s
Ott. C. P. & St. P.— Ist, 58..19C9 108
1931
102
South Carolina -2d, 68
Na«h. Flor. & S. Ist gu. 58.,1937
Northern 111.— Ist, 5s
191( 108
So. Pac. Coast— 1st, guar., 48. 1937
Lou. N. O. & Tex.— Ist, 4s.... 1934
89
Chicago Eock Island & Pacific55
1934 40
'Texas Central— 1st, s. f., 78. ..1909 *
2d mort., 53
Des Moines & Ft. D.— 1st, 4s.l90t
49
1911 46
82
1st mortgage, 78
Memphis & Charl.— 68, gold.. 1924
l8t,2i2s
190c
'Texas A New Orleans lst,7s. 1905
53
Mexican National— Ist, g., 68.1927 95'
Extension, 49
1912 ids
Sabine Division, Ist, 68
190£
1917 51
82
53
2d, income, 6s, "A"
Keokuk <fe Des M.— 1 st, 5s 1 92S 106 108
1917 10
13
;Tex. A Pac, E. Div.— Ist, 68.1905 '107
2d, income, 68, "B"
Chic. & St. Louis— Ist, 68
1909
1915
122 iThird Avenue (S.Y).— 1st 5s, 1937 1]2%113%
Michigan Central— 6s
Chic. St. P. & Kan. City— 58..193(
1917 103141103%
1931
Coupon, 5a
116% Tol. A. A. A Cad.—68
Minn. & N. W.— Ist, g., 58. .193-1
1919
.1940
Tol. A. A. A Mt. PI.— 6s
Mortgage 48
-Chic. St. P. & Minn.— l8t,6s...l91S 124
1896 112 \.
1891 101 14
Union Pacific— Ist, 6s
125 li
Jack. Lan. & Sag.— 68
et. Paul & S.
1897 114
1st, 68
191E 125 I2514 MU.L.S.&W.-Mich.Div.l8t,6s.l924 1151s
1st, 6s
Chic. & W. Ind.— Ist, s. f., 68.191t
1898 116
Ashland Division— Ist, 68 .1925 114 116%; 1st, 6s
General mortgage, 68
1908 107%
Collateral Trust, 68
193i! 117
Incomes
1021s 107
Cln Ham. A D.— Con. s. f ., 78.1905 126
1907
Collateral Trust, 5s
98
Minn.& St. L.—la. Ex.,let, 78.1909 90
2d. gold, 412S
1918
1927 106
Collateral Trust, 4%s
igST
l8t,g. 78
1""":::
•Cin. I. St. L.& Chic- l8t,g.,4s 193t 100
1895
1891
60
C. Br. U. P.— F. c, 7s
101
2d mortg., 78
Consol., 6s
192(
Atch. Col. A Pac— 1st, 68... 1905; 94ii 95
1910
Southwest Ext.— Ist, 78
85
-an. Jack. & Mac— Ist, g., 59.193(
93
1921
Atch. J. Co. A W.— 1st, 68. 1905
70
Pacific Ext.— Ist, 6s
C.r.C. & St. L., Cairo div.— 48, 1939
103%
1922
U. P. Lin. A Col.— l8t,g.,5s. 1918 102
99
92
Inipr. & equipment, 6s
65
Cl.Col. an. & Ind.— let, 78,8.f.l898 121% 122 H Minn. & Pac— 1st mortg., 5s.l93C
Utah Southern— Gen., 7s ..1909 113
92
Consol. sink, fund, 78
1909 112% 114
1914
Exten., 1st, 78
Minn.S. Ste. M. & Atl.— 1st. 5s. 1926
-Cleve. & Mah. v.— Gold, 5s. ..1938
1908 II514
Utah A North.— 1st, 79
Missouri Pacific- Trust 5s. ..1917
95 100
Colorado Midland— Ist, g., 68.1936
•
1926 100
Gold, 58
Mobile & Ohio— Ist ext., 6s.. .1927 1151s 116
Columbia& Green.— Ist, 63. ..1916 100
104
Valley E'y Co. of O.— Con. 6s. 1921
Ist pref debentures
701a
2d, 68
192(i
80
Wabash— Deb. M., series "A". 1939
2d pref. debentures
Col. & Cin. Midland— 1st, 68.1914
78I4 80
91 14
St.L.K.C.AN.— R.E.AEE.7s.i895
1931
St. L. & Cairo— 4s, guar
Del. Lack. &W.— Convert. 78,1892 107 14
112
1 908
St. Charles Br'ge- lst,6s.
Morgan's La. & T.— Ist, 68.. ..1920 116
Mortgage 7s
1907 132
1895 115% 117
1918 1281s
No. Missouri— 1st, 7e
Ist, 7s
Syra. Bmg. & N. Y.— Ist, 78.1906 I33I3
Nash. Chat. & St. L.—2d, 68.. 1901 nils
West. Va. C. A Pitts.— l9t, 6s. 1911
Morris & Essex- 1st, 7s. .1914 14515
IMlsccllaneous HondK.
New Orleans A Gulf—1st, 6s .1926
2d, 76
108
ro.— ist 6s.... 1907
1891 104
N. O. A. No. E.— Pr. 1., g., 68.. 1915
Am. Water
Bonds, 78
1900 120
1907
N. J. Junction— Guar. Ist, 48.1986
Istcon., gola, as
78 of 1871
1901 1291s 1301s N. Y. N. H. A H.— 1st, reg. 4s. 1903
Boston Un. Gas— Tr. cer. 5s.. 1939 no
1st, con., guar., 78
1915 142 1421s N. Y. A Northern— 1st, g., 58.1927 111% 112% Cahaba Coal Min.— Isl g. 7s. 1907
Itel. AHud. Canal— 1st, 7b. ..1891 103 Is IO314
2d, 48
1927
57% Col. A Hock. Coal AI.—6e,g.. 1917
56
1st, extension, 78
1891 108
Consol'n Coal— Convert. 6s... 1897
N. Y. Susq. & West.— Deb. 68.1897
Coupon, 78
1894 1141s
1905 * 92% ido
Equitable G. A F.— 1st 68
2d, 4is8
1937 71
75
Pa. Div., coup., 78
1917 143
Hackensack Water— Ist. 58. .1926 104%
Norf. & W. Clinch Val.— 5s...l957
Albany & Susq.— Ist, gu.,78.1906
134
North'n Pacific- DIvid'dscripcxt 105 14
Henderson Bridge— Ist g. 6s. 1931 1093el
Ist, cons., guar., 68
1906 123 126
1901
SO
Iron Steamboat Co.— 6s
James River Val.— Ist, 6s. 1936
Bens. & Sar.— Ist, coup., 78.1921
Northwestern Telegraph— 78, 1904 *102%
Spokane A Pal.— 1st, 6s
1936
110
1511s
• Deny. & R. G.— Imp.,g., 58.
82 14
..1928
People's Gas A Coke lstg.68,1904
95
St. Paul A N. P.— Gen., 6s. .1923 118
• Dnl. & Iron Range— Ist, 58. ..1937
10258
Co., Chicago
HelenaARedM'n—lst,g., 68.19371
100
S 2d g. 6s,1904
V. Tcnn. Va. & Ga.— Ist, 78.. .1900 119 11191a
Plilladclphia Co.— Ist s. f. 68.1898
DuluthAManitoba— lst,g.68l936 98 100
Divisional 58
1930 110
West. Tr>l.. Uiiinii— 79. is7.'>-inon -117
Dul.AMaii.Dak.Div.- l9t69.19.S7
108
Cblcago & Alton— l8t, 78
1893
Sinking fund, 68
1903
Louis. & Mo. KiTer— l8t, 78.1900
2d, 78
1900
1281s
II8I2
.
. .
.
C—
. . .
.
. .
.
.
.
. .
. .
.
—
I
'
1
;
. .
1
.
'.'.'.'.'.
C—
.
I
. .
1
•
.
. .
. .
iW
W
.
.
.
1
1
•
1
1
•No price Friday; these are the
latest quotations
made
this week.
Mabch
I
20, IStO.J
HE CHRONICLE.
((notations in Boston, Philadelphia and Baltimore.
Following are q'lotationsof active stocks and bonilB. A full
iat is given in the Chronicle the thir J Saturday of each month.
S£CIJRITIE8.
BOSTON.
Atchison A Topeka
SSCURITIEa
Huntington A Broad Top
Ask.
Bid.
RAILKOAIl STOCKS. I
Boston
Boston
Boston
Boston
'il8
174N
&
—
Mainfl
Providence
t&
California Soutlwrn
Central of Massachasctts
Preferred
& North'n
West. Mich
Cleveland & Canton
owe.
Burl.
Chic.
<t
220
I
A
North Pennsylrania
Pennsylvania
38>4
Phil.
/ 23
Connecticut A PasBUmp.. 118
Connecticut Hlver
'\az\ 164
Eastern
"145 160
Preferred
* SO"*
Fitchburg, pref
FUnt* Pcro Marquette.. * 31'(
• 97
Preferred
Kan. c. Ft. Scott * Mem.
07
Allogh. Val.— 7 3-108/96.
Inc. 7s, end. coup.. '94..
Belved. Dela.— IstM. 88..
Bells Gap— Ist M., 68
Catawlssa— M. 7s, 1900...
Clearfield A Jeff.— Ist, 6s.
Connecting— 6s
Dcl.ABd.B.-l8t,78, 1905.
I
Easton
Elmira
47'»
Prefen'ed
43
l£alne Central
140
A Mass
BONDS.
2d series
Plain 4». 1910
A North. 'St
Chic. Burl
1923..
W2.H
108
102
5s, '18
1918
63
A
*102'ij 103
93'
Cona., 78, coup., 1911..Cons., 68, g., I.R.C.1911
Imp., 6s, g., coup., 1897.
Con. 58., Ist Ber.,Ht'inp*d
1
113
102'4
120";
101
IOII4 10154
iO
13
CurrentRiv.-ls', B«,lfl27, 100
Det. Lans. A No.-M. 7s. 102
Pitts. Cin. A St. L.— 78,op.
Eastern. Mass.— 6.S 1906
124 Vi 1231a Poughkeeiisie Bridge— (Js
Freem.Elk.AM.V.— l8t,68 122
SchnyL B. E. 8.— 1st, 58..
121 "a
Unstamped 1st, 68
Steuben. A Ind.lstm. 6s.
K. C. Ft. Scott A Mem.,68 114^
United N. J.— Q. 68, 1901
K.C. Memph. A Blrm—6s * 99
Warren A Frank.— Ist, 7s
Kan. Clt.8t.Jo.AC.B.— 78 121
West Cheat'r— Con. 7s, '91
K. City Clin. A Spr'd.-5s'
Wefct Jersey— let M.,78..
Uttle K. A Ft. Sm.-7s... 100
W. Jersey i Atl.— Ist, 68
Ii0Ul8V.Ev.A8t.L.— lst,68 109
West Penn.— Pitts. 3r., 6s
103\
lie's
si's
I
108
105
106
109
109 >>
105 Hi
<
124
126
2dmort,
2-68
RAILRO.VD STOCKS t
—
Ist con. Inc.,3s, 193ti....i"
2d con. inc, 3s, 1939....
N. Y.
A
N. Eng.-lst,
2d pref
2d,
.Is,
68, 1902..
A Augusta....
RAILROAD BONDR.
Atlanta A Char.— Ist, 7s.
Income, 68
Bait. A Ohlo-4s, 1935...
Cape Fear A Yaa.--l8t,6s
I
*
lOO'i
97 1^
RAILROAD STOCKS!
East Pennsylvania
Elmlra A Williamsport..
I
WU.
Col.
109 <9
t)5
Brooklyn Gas-Llght
Citizens' Gas-Llglit
Bonds 58
-.
..,
Consolidated Gas
Jersey City A Hoboken.
Metropolitan- Bonds
Mutual (N.
Y.)
Bonds, 68
Kassau (Brooklyn)
1
Bid.
109
68
100
1
Ask.
120
*11
9
14
x Ex-intercsl.
112
70
103
GAS COMPANIES.
,
People's (Brooklyn^
Bid.
80
123
Bonds, 6s
110
96>4' 96»4 MetropolitiniBrooklyn)..) 93
Mnnicipal— Bonds, 78
120
Fulton Municipal
115
125
[|
Bonds, 6s.
1U9
100
Equitable.-.
117
100
119
Bonds, 68 108
100
1
Williamsburg
I
Scrip
:...
.
.
.
.
.
.
I
,
.
.
109<a
N. Y. and Brooklyn Gas Securities— Brokers' Quotations.
GAS COMPANIES.
.
.
Aug.— l8t, 78
A Aug. ,6s,1810.
Last price this week.
.
W
103
1931
Seab'dAKo'n'ke— 53, 1926
West Md., 3d guar., 6s..
Preferred
*
106 >4
10114
2d, 5s
3d, as
1st Inc., 58,
Atlantic, pref.
Catawisf*a 1st pref
.
-
121i«
A Bait— Ists.
Camden A
tPerahare.
13
Cent. Ohlo-68, 1890
iChar. Col.A
Cin. Wash.
PHILADELPHIA.
.
.
.
Western Maryland.
..I
1898....
Wlscon. Cent— 1st M., os
Income, Ss
120
60
Charl. Col.
I
January...
February.
February
2d wk Mch
Half owned
2d wk Mch
Total system 2d wk Mch
.
Central Ohio
Preferred
2d mort, 6s
2d mort., ssaled, 3s
-•
Ogdens. i L. C.^Cons., 68 *102'2
Rutland— IsL
98
126
115
Ist pref
37'.
22% 23
-.
126V
7s.'
.*116'i
Istmort., 6s
111
KALTIMOICE.
Baltimore A Ohio
77'ii
.....I
.
New
Yorlt Stoclt
8BCURITIK8.
Alabama
A
Exchange— Unlisted
do.
do.
Kanawha A Ohio
consols-
do.
K
do.
Mt
Springf
Comsiock Tunnel
1st income4s
N.Y.
Ea«t Te' n.- Old
A Tex.-
....
Indicates actual salea.
2'ii
4',
22
70>3
26
72 "u
18 >a
«75";
pref
120
22
1-25
1.
22^
N. Y. A Green'd Lake, lat
2d mort
N.Y. Loan A Imnr
N. Pac. P. d'Oreillo DlT..
North Riv.Cous. Co.scrlp.
Ohio Central
—
.
.
.
.
.
"isi;
30
6<a
60
.
35
7>.
64
.
.
>9
AW.— 1st acc.lntcert 62 65
2d ace. Int cert
26
29
WS. Co.- l8t, gnar. 101
102 H)
Penaacola A Atlantic...
4
d
Postal Telegraph— Cable. 27
.fl"!
St. Paul K.AGr.Tr., lat 8e 105
107
Toledo Peoria A West... 1B>< 17
West. N. Car.— Con.68
94
14V Ocean
.
.
"23'
V.'.8.A Bnff
O.I.
Do., pref
Georgia Pao.—Stock.
Ot Ncrlhern Prof
111. Coal A Coke
IstSs...
Des.s East Sh. Ld.Co.
N. J. Southern
N. O. Pac. Land Grant...
Newp. N. A Miss. Val...
Ch.A .\tl.— Benellc.tr.rec.
>
wtlkea.Coal...
A Mem.
Mo.K.ATcx..new4",W,l.
CUlfornla Paciflo
lat 68
Consol. 58
Income 58
A
^eriphisA Cha'st. consols 116
Hex. Nat.Ooustrunt'n Co.
Brunswick Co
Continental Con. A Imp..
do. Trusteed stock
Dlf tillers' A Catile F. Tr.
Dnl. 8. Shore A At— Stk.
Pref
6s..
AlotOV
LoalsT. St. Louis
on Stor'ge war.
Atl. A Char. Air Line
1st 78, 1907
Brooklyn Eley'd— stock..
I'
A
-ely
LehiKh
Little R.
pref
Cinelpnati
.
1st pref-.
KanawhaA Ohio— lat
2d58..-
Am. Bank Note Co
Am. Cattle Trust
Am. Cotton Oil Co
Am. Pig
.
SECURITIES.
Bid. 'Ask.
Vicks
do.
do.
Secnrities.
1890.
1889.
!«
9
183,617 160,069
7,200
7,439
9,883
8,069
517,257 419,749
31,491
27,255
548,748 447,004
174.936 133,048
Atlanta & Char. January...
Atlanta & Flor'a February
9,680
7,439
44,611
AtlautaAW.pt February.
41,031
36,0OC
Danville,
Febiuary
Atl. A
23,400
61,132
44,575
Atlantic .Vi Pac. 3d wk Mch
B.AO.EastLiues February 1,33H,945 1,118,170
Western Lines February
370,365 334,560
Total
February 1,709,310 1,452,736
45.345
Bal.&O.Southw. 3d wk Mch
37,440
Bait. A Pou»m:v<- February
121,519 113,774
Beech Creek
74,271
January..
74,517
Blr.Selina&N.O. February
1,840
1,403
Bufl.Roch.A Pill 3d wk IVIch
35,183
34,394
Bur.C.Rap.&N. 1st wk Mch
69,769
56,375
Burl. & Northw. February
3,453
5,185
Burl. A Western February
3,965
4,669
Camden & Atl. January..
35,483
36,04
Canadian PaclHe 3d wk Meh 267,000 248,000
44,538
31,975
Cp. F'r&Yad.Val February
873,96^ 600,095
Cen.KR.A Bk.Co January..
Central of N. J
January.
893,974 1,044,919
Central Paciflc. January.
862,069 1,084,7. 7
Centralot 8.C.. .laiiuary.
10,628
11,955
Centr'l Vermont WkMch.l5
59.008
50,739
Char.Cin. A Chic January.
8,363
Chariest']! A Sav January.
61,992
73,89!
Chat.R'me&CoI. February
30,000
16,068
Chatt'n'^aUnrn February
7,166
6,637
Cheraw. A Darl January.
9,934
8,930
Ches. A Ohio .... 3d wk Mch
131,388 101,002
Ches. O. & 8.
February
153,949 163,910
Cces. A Lenoir January...
6,161
7,141
Chic. A Atlantic. 3d wk Mch
45,650
57.998
Chic. Burl. & No January..
119,000
158,628
Chic. Burl. & Q. January... 2,181,408 1,916,205
Lines coutr'l'd January.
536,001 548,421
Chle.A East. 111. 3d wk Mch
63,266
53,094
Chic. Mil. ASt.P. 3d wk Mch
476,000 465,026
Chic. AN'thw'n. February 1,790,914 1,560,879
Chic. A Oh. Riv Februar.T
4,723
6.586
Chlc.Peo.ASt.L. January'..
25,124
31,844
Chic.St.P.&K.C. IstwkMch
47.403
83,385
Chic.StP.-M.&O. February
451.975 429,173
Chic. & W. Mich. 3d wk Mch
28.692
27,882
Cin. Ga. A Ports. February
3,823
3,756
Cin. Jack. & Mae 3d wk Mch
11,230
11,786
Cin. N. O. A T. P. 2d wk M ch
73,901
68,689
Ala. Gt. South 2d wk Mch
33,254
36,700
N. Orl. A N. E. 2d wk Mch
22,721
21,762
41a. A Vioksb. 2d wk Mch
9,980
9,066
Vlcks. Sh. A P. 2d wk Mch
8,732
8,860
Erlangcr Syst. 2d wk Mch 148,588 145,077
Cinn.Northw'n. February.
1,052
1.107
Cin. Sel. A Mob. February
6,010
10,507
33.437
Cin.Wab.&Mich. February
37,958
1 1.856
Clev.AkronACol 2d wk Mch
15,266
Clev. A Canton.. January,
34,569
28.151
Cl.Clu.Ch.&.S.L. -idwkMch
255,801 238,811
Clev. & Marietta February
17,212
16,445
Color. Midland. 3d wk Mch
34,000
33,788
Col. A Cin. Mid,. 3d wk Mch
5,674
6,237
Colusa & Lake. February
1,939
1,249
Coving. A.^fac'n. February
12,957
9,338
Day.Ft.W.ACh.. February
37,704
40,922
Denv. A Kio Gr. 3dwk Mch 148,500 125,500
Den.Tex.AF.W. February
176.600
199,031
DetBay C.AAIi) 2d wk Mch
9,935
10,366
21.022
Det.Laus'gANo 3d wk Meh
23,935
'23,854
DuUUhS.S.AAtllid wk Mch
26,460
E.Tcnn.Va.AQa. 'January.
602,174 467,035
43,006
KnoxT. A Ohio January.
53,519
Total 9vstem.[2d wk Mch
125,381 110,682
74,359
Ellz.Lex. AB.8.. January.
58,998
Evans.Alud'plis 3d wk Mch
5,163
4,586
15.627
Evansv. A T. U. 3d wk Mch
17,362
Fitchburg
February
444,803 393,312
57.153
Flint. & P. Marq. jSd wk Mch
67,339
23,164
Flor. Ceut.AP. 2dwkMch
24,310
1,400
Ft.Mad. A N'w'n'February
1,924
21,062
Ft.W.Ciu. A L..' January...
23,806
5.411
3,003
Ga. C'ar'Ia A No.'January...
207,308 185,731
Ga. RR. &B. Co. 'January..
19,0'23
48,436
Geo. So. A Fla..' February
47,548
55,137
Gr. Rap. A Ind..'3d wk Mch
8,446
8,983
Cin.K.A Ft W.'3d wk .Mch
5,406
3,994
Other lines
3d wk Mch
Allpglieny Val.
Annlstoii &Atl.
.\uuistou A Ciu
AtcU. T. A S. Fe.
.
106>i
1
Mar. H. A Ont.-1926, 6s.'
.....' lOOH
1923,6s
Mexican Con 48.,1911..* 70
Week or Mo
.
122
112
130 '4 131
Deferred Incomes, coup
Phll.W. A Bait- Tr. c, 48
88^1
Latest Sominfft Seported.
Jan. 1
to Latest
Oat*
BOADS.
.
'
108
1
140
..
'
5s. '102'«
2d6s^vlS
ChioA West Mich. gen.Ss
Oonsol.of Vermont— 6s..
A R.,
5s,
RAILROAD EARNINGS.
108
117
Erie-Gen. 58....'
General mortg. 4e
Philadel. A Read.- Ist, 68
2d, 7s, C. A R.,1893
1*120
-•»•
110
135 Is
Pa.AN.V.Can.— escp.'IO
Phila.
are sold to subscribers of the Chbokiclb at 50 cents taeiht
to others at |1 per copy.
The General Quotations of Stocks and Bonds, occupyinQ
six pages of the Chboniclb, are now published on the
third Saturday of each month,
HO
Con.*., 58, coup., 1919...
1
It is published on the latt Saturday of everp
month—v'z., January, March, May, July, September
and November, and is furnished without extra charge to
all regular iubscribers of the Cheomcle. Extra copies
and
131
1910
IDIU
4*28, Trust Loan
Perkiomcn— Istse.
A Topeka-Gen., 4» * 83 ••
Income, as
i* 68*4
Bnrl. A Mo. B. In Meu.—
Non exempt, 6s
36 >f
General mort. 78, 1903.1
IISOAJ
N.Y. Phll.ANorl— l8t,e» 108>4ll0
Income, 68
60
Penn.— Gen.68, conp.1910 130^4
Cons. 63, coup., 1905 ...'
Atoh.
Exempt, 68
42 'a
111%
123
116<i
IZl
104'
The iNVRSTOBs' SupPLEMBNT, a pamphlet of 150 paget,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and othet
other
North Penn.— Ist M., 7s. 117^
63
,'
IntjellifljettjCje.
Companies.
A Amboy.—M. 6s. U8>a
A Wllra.— 1st, 68.- 121
eg.,
2d, 7s, reg.,
Cons. 68, C.
31i.
'
Preferred
121
Harrls. V. M't J.AL.—48B. T.— Ist, 7b..
2d mortg., 78
Consol. M., ffs
Leh.V.-lst, as.C.A B.,'08
136
Wisconsin Central
35 »
116
116
Hnnl'nA
Manchester €& I^awrence.
Mexican Central
4B%
N. Y. .t N. Eng. com
N. Y. A New Kng., pref.. •US'*
186
Northern
175
Norwich A Worcester
Ogdenst). A Lake Cham..
'178
Old Colony
Portland Saco A Porta... 128
Summit Branch
Vermont
88 <4
.
30 »4
'
Erie
RAILROAD BONDS.
Concoid
K. C. Meniiih. & Binn....|
Lonisvillo Kvaus. & St. L.
*.
A Lewlaton
'a28'»
United Co'8 ot N. J
* 65
8»4 West Jersey
24
West Jersey A Atlantic.
8Si
I
Prefo:TeiL
70
18
Sunbury
40
29
*
,*
70
Little Sclinylkill
S. Haven
Minehlii
A
%vdlxtiVL&,
ei'',
Nortliern Central
13
17
27 'a
Ain>
Ask
Nesfinehonlnx Valley
230
Ittxrjestmjewt
42 ><
Preferred
Lehigh Valley
S7>«
.\lbauy
I,owelf.
&.
&
Bid.
447
.
.
.
. .
1890.
1889.
8
183,517
15,405
22,115
5,213,968
239,255
5,533,224
174,936
20.583
95,266
70,580
591.634
2,819,92
785,246
3,605,173
500,753
255,618
74,271
4,040
360,659
558,'J95
7.668
8,436
35,483
2,611,149
84,300
873,967
893,974
862,069
11,955
8,363
73.899
62.500
15,427
9,93.
1,559.616
332.947
6,161
572,417
119,000
2,181,408
536,001
634,065
4,079,911
3,648,587
10,531
31.844
745,167
940,781
286,279
7,587
117.057
824,336
391,844
239,693
139,000
136,282
1,731,155
3,363
13,558
75,522
150,165
34,569
2,344,997
36,421
371,055
71.142
3,180
26,326
77.244
1,519.621
473,6311
112.413
227.90H
3 10,7s 1
602.174
53,519
1.422,829;
58,9981
50,053;
195,8981
893,0181
685,664;
277,865;
3.6691
23,806
5,411
207,308
100,349;
506. S- 86'
89,964!
38,297:
169,060
15,682
16,175
4,288,590
305,407
4,593,99e
133,04g
15,518
89,297
44,000
610,621
2,352,404
706,650
3,059,054
453,370
229,475^
74,517
3,238
434,058
478,130
10.047
8,118
36,041
2,453,084,
66,761
690,605
1,044,919
1,084,767
10,628
61,092
32,080
13,747
8,03O
1.171,004
334,236
7,141
468.663
158,628
1,916,205
548,421
589,809
4,677,868
3,174,124
14.458
25,124
441,008
795,807
274,109
7,732
1 16.823
715,521
370,536
233,667
125,867
121,912
1,573.503
2,462
22,374
69,912
123,94»
28,151
2,106.766
36,185
332,815
72.487
2,756
17,574
77,854
1,455,169
345,409
100,615
205,306
254,111
467,635
43.006
1,231,646
74,359
57,580
180,797
818,481
536.179
256,577
3,515
21,062
3,003
185,731
33,643
456,891
00,304
42,804
THE CHRONICLE
448
Latest
Samingt
Keporttd.
1890.
1889.
Jan. 1
to
rvoL. L.
LateMt Date
Eamingt
Latett
Roads.
Jan. 1
Reported.
to Laleet Date.
BOADB.
Wetkorito\
1890.
VeekorU'
1889.
1890.
1889.
1889.
1890.
I
<3r.Rap.& Iiul.—
Total
all lines. 3(1
*
68,114
361,426
72,082
wk Mchl
Graud Trunk. .. Wk.MchlS
Chic &ar.Tr Wt.JichlD
Det.Gr.H..^ M. Wk.MeU15
Or. B. W. & St.P. January...
21 ,277
gt
61,400
359,074
71,235
20,460
19,158
3,717
86,329
10,808
Gulf atiliicago. February
HouHatouic
January...
Hiiiucst' 11 i She u Ftbruary
23,238
4,272
101,199
10.500
IU.Cen.(Ill.&So.)lFpbruary
,157,640 1,097,811
.
.
CcdarF.&Mln. February
Dub. & Sio'xC. February
Iowa lines
February
Total all .... February
fnd.Dcc.&West Februaiy
5,370
144,377
149,747
.
.
.
.
1,307,387 1,226,705
27,771
38,237
.
.
Interoc'uic (Mx) January...
Iowa Ceutral... 3(1 wk Meli
Iron Railway
February
J'k'nv.T.&K.WvjJanuuvv...
Kanawha* Ohio 2d wk Mch
Kan.
IstwkMeU
C. CI. ifeSp.
K.C.F.S.
&Mem. IstwkMeh
K.C.Men].&Bir. 2dwkMeh
K.C.Wy. &N.\V February.
Kentucky Cent. February
Keokuk & West. 3d wk Mch
Kingst'u &Peni. 2d wk Meh
.
Kuox.
.
.
.
Lehigh* Hud.. February
I* Eock & Mem. 2d wk Mch
February
liOng Island
IX)uls.Ev.& St.L. 3d wk Mch
IjOuisv.&Nashv. 3d wk Meh
Lou. St.L.&Tex. February
Loulsv. South'n. Febiuary
Lynch b.ADur'm February
Memphis it Chas 2d wk Mch
.
.
IMexicau Cent... 3(i wk Mch
tHex. National 3d wk Mch
tMexican R'way Wk. Mch 1
Mll.L.Sh. & West 3d wk Mch
Milwaukee & No 3d wk Mch
Mineral Range.. February.
Mlnneap. ASt.U lebiuary
M.St.P. & 8.S.M. February
Mo. Kan. & Tex. February
Mobile ife Ohio
Febi uary
Monteiey&M.G February
Nash.Ch.&St.b. February.
.
.
.
.
.
.
Mew Brunswick. January...
K. Jersey (SiN.Y. January...
New Orl. & Gulf February
N. Y. C. & H. R. February
K. Y. L. E. & W. February
H. Y. Pa. * Ohio January.
.
.
.
N. Y.
& N. Eng.
Februarv
.
Y. ANorthiii. February
K. Y. Ont.
N.Y'. Susq.
&
& W.
3d
.
& W..
.
.
wk Mch
February
.
West. 3d wk Mch
N'theast'iMS. C.) January.
North'n Central. February
Korfolk
adwic Mch
Wk. Mchlo
4th wk Feb
3d wk M ch
February
May sv.j February
northern Pacific
Ogd. & Lake Ch
Ohiolnd. & W..
Ohio & Miss
Ohio & Northw..
Col.
&
5,99C.
5,954
3,887
11,731
5,030
49,580
18,253
12,138
165,432
24,675
325,385
36,119
46,743
8,365
27,345
33'"
38.06
108,503
67,314
81,133
58,556
23,187
7,597
93.172
101,782
478,372
277,059
275,627
58,620
15,704
11,517
2,703,853 2,461,730
2,056,487 1,711,177
.
V.
73,289
26,210
3,982
57,117
4,822
4,168
75,431
18,427
30,690
65,436
352,030
38,178
38.674
27,037
29,566
4.659
34,796
122,021
72,100
72,649
64,729
30.100
7,234
117,501
146,625
587,957
247.544
29,700
279,315
62,981
18,173
11,520
AACh. IstwkMeh
Louisv.N.O. & T. 3d wk Mch
IiOui8.N.
. -
133.402
31,761
3,082
71,629
5,435
7,917
91,574
22,672
47,800
72,085
2,872
11,614
4,625
50,439
20,848
10,888
182,832
22,138
Llueolu January.
l- Erie All. & So February
li. Erie & West.
3d wk Mch
iSi
6,144
122,750
128,894
Ohio River
3(1 wk Mch
Ohio Southern February
Ohio Val. of Ky 2d wk Meh
584,642
399.005
40,279
43,774
85,953
130,108
81,719
491,682
301,135
11,932
25,302
95,686
15,283
469,402
385,713
40,469
28,526
81,470
82,566
70,937
435,191
369,921
10,830
598
774
21,2.51
72,187
12,105
10,934
10,393
48,604
37,958
3,703
2,552
Omaha & St. L. Fr;bruary
54,536
33.661
Imp.
Co.
Oregon
January..
277,398 298,636
I'euiiayivauia .. February 4,851,091 4,421,156
J'eonaDec.(&Ev-. 3d wk Mch
13,761
11,902
42,671
tetersbun?
January.
43,061
Phila. & Erie...|j!iiiuarv..
327,811 258,570
Phila. &Read'K.iFebriia'ry 1,313,632 1,161.161
Plttsb. & West'n January".
115,524 110.311
Pitts.Clev.iT. January..
32,635
38,707
Pitts. Pain. A- !•'. January.
17,942
20,581
Total system 3d wk Mch
41,733
40,248
Pitts. Y. & Ash. .February
95,441
58,070
33,019
29,412
Ft. Royal <fe Aug. January.
Pt.Eoy.& W.Car. (January.
37,151
38,764
Pres.&Ariz.Cen. January.
10,477
11,925
Quincy O. & K. C. February
17,709
20,005
Klch.&Bauville. February
447,139 397.671
Vir. Midland. ^February
165,396 132,902
Char.Col.&Au.[Februaiy
86,820
80,999
Col. &Greenv.' February
95.769
74,383
West. No. Car. [February
71,151
71,723
Oeoigla Pac .February
151,796 108,559
Wash.O.A W.-lFebniary
7,890
5,939
ABh V. & Spart. February
10,354
9,694
Total 8ys'in.'2d wk Mch 258,250 277,3(!0
Blch. &Peter8b.iJauuary...
24.087
27,236
Bio Gr. West... ilthwk Feb
26,200
26,075
Borne cSi Decatur February
8,750
4,200
Borne W. & Ogd.' January. .. 281,141 252,312
Bt.L.A.&T.H.B's 2d nk Mch
21,421
23,793
et.L. Ark. & Tex. '3d wk Meh
59,902
55,04
8t.L.De«M.&N. Februarv
5,751
4,559
San
Fran.
wk
Mch
L.&
3d
114,740
8t
104,376
Bt.PauUtDul'th February
76,745
72,234
445,114 382.327
St P.Min.A; Man. February
24,025
East, of Minn. February
20,058
MontanaCent. February
57,495
45,957
5i6,634 448,342
Total Bys'm. February
B.Ant.&Av.P.a8s. IstwkMeh
28.210
14,536
9,166
8. S'ran.&N.Pac. 2d wk Mch
9,641
Bav. Am. ifc Mon. Fe^'ruary
17,215
20,905
Seattle L. S. & E. 3d wk Mch
4,101
6,630
SciotoVal.&N.E. February
47,842
48,180
Bhenaiidoah Val Februaiy
57,000
87,000
South Carolina .{February
143,000 123,315
.
.
.
.
.
.
;
1
!
.
.
.
.
.
.
.
.
.
.
'
.
Bo. Pacitlc Co.—
Gal. Ilar.&S. A. '.lanuary.
Ixiiiis'a West. January...
635,147
595,999
3,741,530 3,582.192
776,710
676,170
190.160
207,095
23,238
19,153
7,545
7,960
101.199
86,329
23,500
21,637
2,338,323 2,224,9.57
12,996
10,612
243,606
287,658
256,602
298,270
2,636,593 2,481.559
60,113
73.456
133,402
73,289
359,735
333.640
6,096
8,418
71,629
57.117
53,233
48,742
67,426
45,514
839,618
825.094
269,468
218,222
99,100
57,120
143,467
134.284
78,175
69,986
26,159
28,251
11,614
11,731
9,125
10.375
568,102
531,02J
44,190
36.125
129,845
141,343
386,427
353,180
.
.
.
.
Total of all..
8o. Pac. RR.—
No. Dlv. (Cal.)
So. Dlv. (Cal.)
Arizona Dlv..
New Mex. Dlv.
Spar. Un. & Col.
Btaten I. Rap. T.
January... 3,133,414 3 514,773
245,428
886,928
30,970
1,211
121,810
82,924
37,492
104.79'
277,398
9,993,402
154.033
43,061
327,811
2,880,362
115,524
32.635
17,942
433,335
229,344
842,724
25,904
1.494
103,190
94,730
23,019
72,541
298,636
8,949,902
158.332
42,671
258,570
2,624,463
110,311
38,707
20,581
431,812
33 019
29,412
38,764
37,151
11,925
10,477
35,735
40,138
939,268
805,609
333,652
277,204
164,565
171,880
143,350
184,637
149,795
144,190
346,671
235,289
16,638
12,810
21,086
19,011
2,704.902 2,342,287
27,236
24,087
211,825
208,300
17,650
8,200
252,312
281,141
222,195
203,124
681,566
849,928
12,253
9,090
1,247,828 1,146,529
165,574
132,353
954.491
776.444
36,0(15
65,684
132,017
90,010
1,152,192
902,459
270,399
181,217
91,094
107,191
43,352
32.287
65,364
47.544
97,930
98,981
178,615
109,722
285,284
260,903
325,960
94,856
445,217
9,606
126.460
1,002,100
$
2,068,338
3,133,414
2,512,672
3,514,772
I
116,440
January...
January. ..
January...
January.
.
J.inuary...
February
.
Summit Branch. February
.
Lykens Valley February
Tenn. Midland.. February
Texas & PaciUc 3d wk Mch'
.
.
Tol.AA.&N. M.|3d wk Mch'
&
wk Meh'
&
wk Mch'
Tol.&O.Cen.Ex. February .1
Tol. P. & West..i2dwk .Vtch
Tol. St. L. & K.C.3d wk Mchl
Union Paolflo—
Tol. Col.
Cin. .l3d
Pol.
Ohio Cent. 3d
134,705
500,091
173,024
87,223
8,684
43,808
99,494
63,752
16,354
115,751
19,264
4,192
6,198i
23,604
17,477
7,626
7,751
18,309
17,138
28,225
18,150
435,991'
146,797,
73,461!
ll,937i
48,418
53.862
43,195
17,600
111,278;
26,3721
116,440
435.991
146,797
73,461
11,937
100.034
116,494
98,894
34,092
134,705
5(10,091
173,024
87,223
8,684
93,750
219,054
151,952
29.582
1,507,606 1,322,709
254,023
193,316
60.964
47,371
212,848
253,446
14,677
15,896
181,891
187,060
323,956
185,795
I
Or.8.L.&U.N.',Tanuary...
Or.Ry.A N. Co. January.
333,043
126,249
.
460,8.55
264,995
St.Jo.&G'dlsl. 2dwk Mch
33,583
21,449
Den.Lead.(ii G. January.
69,675
57,016
All oth. lines. 'January. .'1,495',871
461,155
Tot.U.P.Sys. February . 2,375,774 2 159,058
Cent.Br.&L.L.' January...
108,916:
57,583
Tot. cont'led January.
2,256,927
389,480
.
.
.
I
333,043
136,249
294,196
69,675
1,495,871
4,523,785
108,916
2,256,927
62,018
60,386
2,597
2,899
2,750
2,689
32,836
33,833
2,,423,314
2,289,763
12,5011
11,306
24,171
250,069' 215,004 2,813,327
50,9431
112,473
47,528
03,367
93,367
82,959
61,020
69,377
69,377
695,344
64,300
51.300
226,138
21,112
16,749
107,807
107,807
87,923
95,673
77,544
898.298
7,625
7,625
6,137
'
.
Montana Uu
January.
60,386
lieav.Top. & S. 'January.
2,597
Man.Al.&Bur.iJanuary...
2,689
Join t.own'd, 12 January...
32,836
Grand total 'January. 2,289,763
.
.
.
.
.
4,079,932 3,761,770
350,254
343,700
773,936
626,779
58,507
62,526
59,872
9,451
387,765
401,005
1,532,566 1,265,379
796,119
853.832
655,708
741,567
618,041
520,565
290,008
227,576
15,354
16,112
176,562
222,286
352,322
194,857
949,214
1,227,721
561,261
539,590
53,400
568.707
587,901
58,620
62,981
15,704
18,173
26,976
26,20a
5,627,259 5,171,880
4,212,272 3,635,468
469,402
584,642
833,412
798,284
83,379
82,881
307,581
371,711
184,718
190,419
1,303,416 1,106,247
81,719
70,937
899,940
1,053.801
3,488,399 3,427,367
3.34,210 325,960
334,210
94,376
94,856
94,376
Morgan'sLAr.iJauuarv. .. 446,369 445,217
446,369
». Y. T. & Mex. January.
14,476
9,606
14,476
Tex. & N. Orl January.
175,645 126,460
175,645
Atlantic sys'miJanuary
1,065,076 1.002,100 1,065,076
.
So. Pacific Co.
Paolflo system January... '2,068,338 2, 512,672
Vermont
Wabasa
.
Valley February
.
I
3d wk Mch
We.stem of Ala. February
West Jersey
January...
W.V.Con.&Pitts.l January.
West.N.Y. &Pa. 3dwk vich
.
.
Wheeling&L.E. 3dwk Mch
& Aug.] January...
Wisconsin Cent. 3d wk Mch
WrlghtsY. & Ten January.
Wil. Col.
.
t
.
I
Mexican currency.
460,855
264.995
222,673
57,016
1,461,155
4,490,955
57,533
2,389,480
62,018
2,899
2,750
33,833
2,423,314
23,723
3,452,675
107,549
82,959
61,020
630,237
188,173
87.923
695,646
6,137
IjtMaln Line.
—
Latest Hro88 Earnin;'< hy Week*. The latest iveekly earnin the foregoing table are separately summed up as follows:
The returns continue very satisfactory, and for the 3d week
of March the gain reaches 12-35 per cent on 50 roads.
insrs
3ii
week nf March.
1890.
$
Atlantic
,fc
Pacific
& Ohio Southw
Buttalo Roch. & Pitts.
Canadian Pacific
Chesapeake & Ohio
Chicago & Atl.intic
Chicago & East. Illinois..
Chicago Mil. & St. Paul..
Chicago & West Mich.
Cincinnati Jack. & Mack.
Colorado Midland
Col.
Cin M idland
Denver & Rio Grand(^
Detroit Lans. & North..
Duluth S S. & Atlantic
Evansvine & ludlanap...
Evansville & Terre H.
Flint & Perc Mar(iuette.
Grand Rapids & Indiana.
Bait.
.
. .
<fe
.
. .
.
.
.
.
.
Cincinnati R.&Ft.W...
Other lines
lowa Central
Keokuk & Western
Lake Erie & Western
Loulsv. Evansv. & St.L..
Louisville A Nashville...
Louisville N. O. & Texas.
Mexican Ceutral
Mexican National
Milwaukee L.Sh.cfe West..
.Uilwaukee <fc Northern ..
New York Ont. & West.
Norfolk & Western
Northern Pacific
.
(Ohio
&
Mississippi
Ohio River
I'eoria Decatur & Evansv.
Pittsburg & Western
St. Louis Ark. & Texas...
St. Louis o! San Francisco.
Seattle L. 8. & Eastern
Texas & Pacific
Toledo Ann A. (feNo.Mlch.
Toledo Col. & Cincinnati.
Toledo & Ohio Central.
Toledo St. L. & Kan. City,
.
.
Wabash
(consol. system).
Western N. Y. & Penn
Wheeling & Lake Erie...
Wisconsin Central
. .
'.
Total (50 roads)
Net increase (1235 p.
61,132
45,345
35.183
267.000
131.388
57,998
63.2tf6
476.000
28,692
1 1.786
34.000
5,674
148,500
23,935
26.460
5,163
17,363
67.339
55.137
8,983
3.994
31.761
5,996
50.439
22,138
352.030
38,674
122.021
72.100
64,729
30,100
43.774
130.108
391.135
95.686
10.934
13,761
40.248
59.902
114,740
6.630
111,278
36,372
1889.
Inere-aee.
?
44,575
37,440
34,394
248,000
101,002
45.650
53.094
465,026
27,~82
11,230
33,788
6,237
125. 50J
23.601
28,225
250,069
64,300
21.112
95,673
21.022
23.854
4.586
15,627
57.153
47,548
8,446
5.406
26,210
5.954
49,580
24,675
325,385
46,743
108.503
67,314
58,586
23,187
28,526
82,566
369.921
72.187
10.393
11,902
41,733
55.047
104,376
4,101
115,751
19,364
4,192
17,477
18,150
215,004
51.300
16,749
77,544
3,898,074
3,469,780
6,198
c.)
For the 3d week of March the gain
Dfcreaee.
*
is
$
16.557
7,905
789
19,000
30.386
12,348
10,172
10,974
810
556
212
563
23,000
2,913
2,606
577
1.735
10,186
7,589
537
1,412
5,551
42
859
3.537
26 645
8,069
13,518
4,7c6
6,143
6,913
15.248
47,542
21,214
23.499
541
1,859
,,
_,
i,485
4.855
10,364
2,529
4,473
"7",
108
2,006
6,127
10,075
35,065
13,000
4.363
18,139
446,833
428,294
18,539
7.77 per cent
on 83
roads.
2d week of itareh.
1890.
$
Prev'lyrcport'd (57poad8i
At. Top. A S.P. &. I'd roads
Central Vermont
Cin. N.O. &T.P. (5 roads).
Cleveland Akron & Co) ..
Cleve. Cin. Chic. & St. L.
Detroit Bay C. & Alpena.
East Tennessee Va. ife Qa.
Florida Cent.& Peninsula.
3,993.554
517,257
59,008
148,588
15,266
355.801
9,935
125.384
24.310
1889.
$
3,733,979
419.749
50,739
145,077
11,856
238,811
10,366
116.6S2
23,164
inrrease.
«
318,221
97.508
8,289
3,511
3,410
16,990
neereai*.
$
58,646
,.,
431
8,'703
1,146
March
THE CHRONltLB.
29. 1890.J
1889.
359,,074
71,,235
20,,400
Ohio Viil. of Kentucky...
St. Joseph & Or. Island..
St. L. Alt. &T. H. Brches.
361.426
72.08a
21.277
5.435
22,072
2.872
10,888
34,790
11.P32
3,703
33,583
21,421
Toledo Peoria <fe Western.
9,641
18,309
100
17, 138
5,779,140
5,302,461
week of March.
Grand Trunk
of Caaada.
& Or.
CUiciiKO
Trunk..
(Jr. H. 4M11..
•& Ohio
Detroit
Kanawha
Mem. & Blru)
& Pembroke.
Rock & McmrhlH..
Kansas
C.
KlDKnton
Little
Memphis
.
<fe
CliarUislon.
•OKdcnsbur/j
cfe
Lake
.
C?h.
8an Francisco & No.Pac..
Total (83 roads)
Net increase (7 77p.c.).
DttrtoM.
Incrtate.
1S90.
2rf
2,352
847
817
613
4,,82!
:
OrERATIOMg AND FISCAL RESCLTg.
15
1,250
3,271
2,,887
12,,138
38,,007
10,,830
1,102
2,,552
1,151
Feb.
& Potomac
Jan. 1 to Feb. 28...
21.,449
12,134
23,'793
2,372
4751
1,171
9.
482,004
410.679
Roch.
&
Pitts. .Feb.
.
.
.
.
.
65,985
.
. .
. .
127,045
288,836
1,764,997
60,912
86,959
34,850
218,159
53,115
136.133
{707,995
11,320,464
:3,955,904
126,034
318,411
113,084
308,483
1,395.131
2,701,177
465,802
1,009,559
1,735,059
1887.
1,399
1,144,493
1888.
1,394
1,365,887
1889.
1,391
1.304,710
1.418,930
PasaeuKOt' mileage.. 54,(.0J,635 60,711,317 66.525,293 67,202,810
2-60 cts.
2-62 cts.
2-48 uU.
2-32 cts.
rrelght(tonii) carr'd.
2,266.3;<5
2,624,392
2,175,222
2,480,534
Freight (tons) mll'ge.374,037.737 435,373,718 306.310,42.^ 411,451.034
At. rate per ton p.m.
1-10 ot«.
1-13 cti.
l-14ot».
1-07 etfc
$
Passenger
Freight
1,014,300
15.894
120,780
146,274
1,165,093
42,258
64,574
18,577
241,406
66,084
109,789
{582,470
{1,125,003
{3,031,775
133,880
244,505
122.270
271,788
1,391,442
2,472,238
$
1.748,225
4.902.910
289.733
1,047,946
4,447.580
315,605
4,405,4,50
Tot. gross earnings
Oper. ezp. and taxes
6.153,267
3,848,575
6,940,873
4,633,>J15
6,411,137
4,643,158
0.417,858
4,484,412
Net earnings
P.o.ofop.exp.toeam
2,304,692
62-55
2,307,258
1,762,979
1,933,446
69-88
Ao
72-50
1,687,909
324,490
mCOHB ACCOUNT.
1887.
ft
1889.
188S.
$
lit
$
Net earnings
Net from land grants
Other receipts
2,304,692
741,065
73,959
2,307,258
654,501
39.954
1,762,979
906,062
1,933,446
561,426
Total income....
IHsbursementt
Rentals paid
3,119,716
3,001,713
2,269,041
2,494,872
$
117,009
1,337,956
675,408
82,288
1,337,956
675,408
81,265
•1,309,733
450,272
•1,323,614
—
Interest on deb I* ...
Div. on pref. stock..
Rate of dividend
Loss on ^rop. roads.
(6)
Tot. disburscm'ts
Balance suri)lns
*
(6>
9
81,035
450,273
(4)
(4)
9,624
8,409
10,010
9,609
2,139,997
979,719
2,104,061
897,652
1,851,280
417,761
1,864,530
This is given in 1888 and 1889
lest credit
630,342
items.
Milwaukee Lake Shore & Western.
fFor
the year ending December 31, 1889..^
The annual report will not be ready in pamphlet form for
about two weeks; but the Chronicle has been furnished with
a statement of the results for the year, which have been compiled in
comparison with previous years as follows
OPERATIONS AND FISCAL KESCLT8.
1886.
Miles of road. .
1887.
593
.562
:
1898.
1889.
6eo
691
Optrations—
No. pass, carried
396,644
558,830
503,516
547,275
Pass carried 1 mile. .16,064,830 24,606,613 20,996,318 22,273,484
Av. rate p. pass. p. m.
2-620.
3-15c.
2 78c.
2-67C.
No. tons carried
1.464,902
2,023,797
2,120,830
2,845,536
Tons carried 1 mile. .105.610.560 176,999,974 191,086,049 264,044,948
Av. rate per ton p. m.
l-649o.
l-131c.
10570.
1-367C.
JEarHingn from —
$
$
?
9
Freight
1,742,458
2,420,330
2,16l,6i3
2,793,296
Passengers
505,999
685,7f0
562.083
5^4,282
Mail, express, &c....
113,016
69,315
74,561
97,08»
Total earnings...
Oper. exp. and taxes.
Net earnings
Per.
0. exx>.
to cam's.
2,317,802
1,322,002
3,180,681
1,940,358
2,836,792
1,745,008
3,474 66T
995,200
1,240,323
57-06
6101
1,091,774
61-51
1,520,463
56-24
1889.
l,854,204t
INCOME ACCOUNT.
403,984
1 Main line only.
{ After deducttnjj proportion due roads operated
onapercentaKebasi8.net in Februixry 1890, were if 507,193. apaiust
S422,794 In 1889; for two niouth.s i^i930,019, against 1}!788, 106 and
for the five months endlns February 28, 1890, were $2,870,071 against
6676
1886.
R^cdiils—~
1,028,346
1,592,681
571,514
563,493
865,917 1,151,491
33,626
73,827
141,579
81.021
390,051
299,193
30,980
28,277
228,024
196,949
94,492
25,593
174,157
66,915
1,202,978
780,002
S
$
1,413,218
4,466,734
273,315
Mall, expreiB,
23,511
19,882
52.774
57,507
37,194
55,030
94,213
82,218
224,228
301,766
1,50,544
162,449
301,507
351,253
123,000
75,000
170.000
224,000
783,206
1,317,698
75,544
67,662
7,479
56,145
241,989
285,860
458,846
601,174
2,921,772 2,382,760
3,117
3,616
157,401
215,995
268,460
130,379
1,637,352
20,370
Opera((o«»—
PassenKors carried..
Eaming»—
^
113,774
121,519
229,475
255,618
144,511
117,489
262,2 ?7
330,876
Jan. 1 to Feb. 28...
900,997
Oct. 1 to Feb. 28....
759,499
880,008
844,046
Canadian raclflo... Feb.
Jan. 1 to Feb. 28 .... 1,857,149 1,741,984
425.000
Chesapeake & Ohio. Feb.
575,000
868,000
Jan. 1 to Feb. 28... 1,100.000
July 1 to Feb. 28... 4,695,235 3,561,818
170,326
178,898
Ches. Ohio & Southw. Jan
169,651
Chicago & Atlantic. Jan.
230,313
880,328
841,434
Clev.Cin.Chie.&et.L.Fob.
.ran. 1 to Feb. 28... 1,837,601
1,712,647
July 1 to Feb. 28... 8,343,595 7,721,407
Cleve. & Marietta... Jan.
19,209
19,740
Den. <t Rio Grande. .Jan.
606,491
572,592
407.635
East Tenn.Va. & Ga. Jan.
602,174
July 1 to Jan. 31... 3,830,244 3,165,083
Knoxvillo & Ohio. Jan.
43,000
53,519
July 1 to Jan. 31...
356,024
305,931
Jan
510,041
Total both lines
655,693
July 1 to Jan. 31... 4,186,268 3,471,011
Iowa Central
Feb.
136,522
128,650
245,317
Jan. 1 to Feb. 28...
258,290
Jack.Tampa <fc K.W.t. Jan.
71,629
57,117
Mexican Central
Jan.
510,072
587,045
Mexican National... Feb.
303,816
289,3.50
Jan. 1 to Feb. 28...
635,913
570,987
N. Y. L. Erie & West. Feb. 2,050,487 1,711,177
Jan. 1 to Feb. 28
4,212,272 3,035,408
Oct. 1 to Feb. 28... 11,081,300 10,599,885
Norfolk & Western Feb.
438,294
403,019
Jan. 1 to Feb. 28
955,389
801,084
Northern Central
Feb.
494,082
435,191
Jan. 1 to Feb. 28... 1,053,801
899,940
Pennsylvania
Feb. 4,851,091 4,421,156
Jan. 1 to Feb. 28... 9,a93,402 8,949,902
Phil. & Reading
Feb. l,313,e-;<2 1,161,161
Jan. 1 to Feb. 28... 2,880,302 2,024,403
Doc. 1 to Feb. 28... 4,535,304 4,024,975
Union Pactfle
Fob. 2.375,774 2,159,058
Jan. 1 to Feb. 28... 4,523,785 4,490,955
West.N.Y. & Penn. Feb.
251,872
222,947
Jan. 1 to Feb. 28
508,144
470,237
Oct. 1 to Feb. 28
1,112,082 1,317,421
Wheel. & Lake Erie. Jan.
82.8.59
73,044
July 1 to Jan. 31...
572,988
520,599
Wisconsin Central Feb
320,054
234,531
Jan. 1 to Feb. 28...
645,633
491,165
July 1 to Feb. 28.... 3,131.074 2,040,428
Bait.
1886.
1,365
Miles operated
K ite per pa^s.per m.
Net Earnings Monthly to Latest Hates.— The tables following show the net earnings reported this week, the returns for
each road being published here as soon as received, but not
kept standing from week to week. The figures cover the
latest months and the totals from January 1, and also the
totals fdr tlie fiscal year on those companies whose fiscal year
does not correspond with the calendar year.
-OroM Earningi.
Tfet Earningt.
1890.
1889.
1890
1889.
^oads.
Buff.
bills receivable and land contracts hel 1 by the company
December 31, 1889. was $1,397,789.
The following statistics for four years have been compiled
in the usual form for the Chkonicle
of
4.245
18.,427
—
449
Net earnings...
Other receipts.
1S86.
1887.
1838.
9
9
S
$
995,200
36,181
1,210,323
47,733
1,091,774
12,989
1,520,463
15,294
Total net receipts. 1,031,381
Interest paid*
430,271
1,288,056
1,104,763
617,687
31,307
579,305
29,51'3
1,535,757
671,499
31,764
648,094
507,211
524,170
739,062
175,000
430,000
3>sonpref. 7 on p. 4 em.
608,898
495,865
300,000
6 on pret
703,263
833,494
490,000
7 on both.
195,8£5
1312,494
Rental and miscel
Total
Surplus
Dividends
Rate of dividend
26,910
349,170
Balance.
309,062
;
f2,68«,051.
ANNUAL REPORTS.
Chicago St. Paul MiiineapoUs & Omalia.
^jPor the year ending December 31, 1889.^
The passenger earnings were $1,687,908, an increase of 2-42
The total number of passengers carried was 1,418,920, an increase of 3'97 per cent; the average amoimt received
from each passenger was $1 19, a decrease of 1-41 per cent: the
number of passengers carried one mile was 67,302,316, an increase of 1'02 per cent, and the average rate per passenger per
mile was 2'52 cents, an increase of 1'57 per cent.
The freight earnings were $4,405,450, a decrease of 0-95 per
cent. The total number of tons of freight carried was 2,480,584, an increase of 0'21 per cent; the number of tons of freight
carried one mile was 411,451,034, an increase of 3-82 per cent,
and the average rate per ton per mile was 1'07 cents, a depercent.
crease of 4'55 per cent.
In the land department during the year 1889 13,518 acres
were sold, leaving 599,423 acres unsold December 31. The net
receipts of the West and North Wisconsin grants, included in
land income account, were $561,426. being amounts received
If or lands sold, payments on notes and contracts, interest. &c.,
ess the expenses af the department, taxes, &c.
The balance J
*
Including incomes.
tot this balance $55,000 was used for redemption ot bonds, learlng
$257,494 to be carried forward.
American Bell Telephone Company.
CFor the year ending December 31, 1889.^
At the annual meeting in Boston, the old Board of Directors
was re-eJected as follows
Francis Blake, Charles P. Bowditch, George L. Bradley, Alex Cochrane. W^illiam H. Forbes,
Henry S. Howe, Charles Eustis Hubbard, Gardiner G. Hubbard, John E. Hudson, Charles E. Perkins, Thomas Sanders,
:
Howard
Stockton.
The annual report for the year ending December 31, 1889.
showed a continuing increase of business and improvement of
plant.
There are 444,861 telephones under rental, an increase
of 33,350 over the previous year, that increase being larger
than in any earlier year since 1884. The company has 757
exchanges, or 15 more than at the close of the previous year ;
i71 branch offices
193,213 miles of wire, a gain of 22,743.
miles, and 156,780 circuits.
It has 6,758 employes, and 185,003 subscribers. The latter increased 13,549 during the year.
The average number of daily calls iier subscriber throughout
the United States was 6-7. There are 969 ex. teiTitorial lines,
and 86,728 miles of ex. territorial wire.
;
During the year the American Telephone & Telegraph Company the long line company has continued the extension
—
—
THE CHRONICLE.
460
[VOL. L.
and development of its scheme of lines. It has extended its propose to continue to market in accordance with the policy
work from Philadelphia to Baltimore and Washington. It has hereinbefore indicated.
" Under date of February 20,1890, our real estate agents recalso completed a second line from New York to Boston, building in 1889 tlie part from New Haven to Boston, and has ommended that additional acreage to the extent of alx)ut 9,000
entered eastern Pennsylvania, building lines connectiing Philadelphia with Reading, Easton and Scranton. It has connected
with its eastern lines Newport, R. I., and Fall River and New
Bedford, Mass.
On January 1, 1890, it had 1,918 93-100 miles of pole line and
84,799 40-100 miles of wire on poles, together with 805 36-100
xuiles of wire in cable aerial, underground and submarine—
a gain during the year of 700 miles of pole line and 9,588
—
acres, lying south of Uplands Park, be included in a second
and state that this additional property can be sold
promptly at $200 per acre, which would yield to the company
from this source alone $1,800,000 but if is not deemed necessary nor expedient by the present management to sell at this
figure any property that may become available within a reasonable period for city improvements, your directors preferring to await the benefits of present developments."
filing,
;
xuiles of wire.
to the Legislature to which reference was
in the last report, for authority to increase the capital
stock of the company, was favorably entertained, and by
Chap. 385, Acts of 1889, approved May 29, 1889, it was enacted
that the company might from time to time increase its capital,
provided the total capital should never exceed $20,000,000.
At a special meeting of the stockholders, held September 12,
1889, this amendment was accepted, and at the same meeting
an actual increase of the capital was made of $2,500,000. This
was offered to the stockholders under circular of September
EABNINGS AND EXPENBES,
The application
1^9, and was all subscribed for, one-half being payable
October 19, 1889, and one-half April 19, 1890.
The following is a comparative statement of earnings, expenses and income
EXBNINGS AND EXFEKSEB.
Eamngs.
Coal
&
coke department. $1,316,917
790,528
29,192
75,984
Iron and steel dep't
Beal estate dep't
lUacellaneous eam'gs
Total
1889.
Nel
Gross
Net
Earnings. Earnings. Earnings.
$211,533 $1,028,279 $104,387
loss 5,834
229,935 los ) 15,231
12,239
26,359
3,897
15,843
75,984
15,843
1888.
Oro««
.
made
$2,212,623
.
$293,922 $1,300,416
$108,896
IMCOHE ACCOUNT.
1887.
Investments,
.1889.
$548,581 $293,922 $108,896
4,433
6,226
14,481
Net earnings
Add Income from
1888.
&o
13,
1886.
1987.
ttental of telepliones.... $2,10J,492 $2,264
DivWende
1889.
Interest
MisceUaneous
Items to
Net earnings
$1,947,283 $2,210,597 $2,414,206 $2,658,738
INCOME ACCOUNT.
1887.
If 86.
1888.
1889.
$1,947,283 $2 210,597 $2,414,206 $2,658,738
26,068
27,011
22,258
3,150
-
UetearninRS
Other receipts
Total
Disbursements —
Beeular ilividecds
£xtra dividends
Depreciation reserve.
Total
.
.
$1,973,351 $2,237,608 $2,436,464 $2,661,888
$1,176,252 $1,176,252 $1,192,152 $1,238,913
392,084
392,084
597,726
600 00 J
132,616
646,586
117,755
700,000
$1,686,091 $1,700,952 $2,436,464 S2,538,913
Surplus
$287,260
and
loss
$536,656
$122,975
Colorado Coal & Iron Company.
fFor the year ending December 31 1889. J
Mr. Berwind, the President, says in the. report
" The statement of the year's business, as a whole, is not
;gratifying, the net earnings being but $108,895 55, as shown by
the exhibit below of the business for the past twelve months.
It is proper to state, however, that these earnings are almost
entirely from sales of coal and coke, and they are wholly exclusive of returns from sales of real estate.
" I find that there was a loss on the sales of coal and coke and
the iron and steel products, for the first six months, of $18,124 the reason therefor is apparent in the report of the
coal mining and iron and steel departments. Commencing
with the month of July, the company were able to make a
showing on the credit side, and continued to do so until the
close of the year, showing a net gain of $127,020." * *
" The total quantity of coal mined during the year was
€59,505 tons, of which your company used 203,655 tons and
sold 349,807 tons, as against 441,611 tons the previous year, a
decrease of about 21 j^er cent. The total amount of coke
made was 97,869 tons, of which the company used 7,714 tons
,
;
and
sold 83,595 tons, as against 104,337 tons in 1888, a de* *
crease of about 20 per cent."
In order to facilitate and expedite their new land policy,
" your directors deemed it wise to accept the proposition of the Colorado Coal
Iron Development Company to purchase a portion of the central property
&
$316,194
$210,720 $225,647
Bnrplug
$342,294 $74,502 df $192,817
Royalties earned and credited to coal,
coke and real estate capltdl accouots
during the J car. Included In operating expenses
$96,019
$85,806
$58,722
$3,097,001 $3,453,028 $3,865,119 $4,044,704
1,149,718 1,242,431 1,450,913 1,385,966
Total
Erpenaes
profits
824 $2,453,279 $2,657,362
844,556 1,013,037 .1,213,857 1,230,500
78,110
80,444
78,711
82,557
19,962
21.165
16,681
22,367
34,561
70,236
90,407
43,961
13,601
4,525
7,640
7,95*
Ex. Terr'l&bi'ehlinos..
Telegraph comm'sslon..
RteeipU
1888.
$553,014 $300,149 $123,377
$209,940 $209,940 $209,940
1.360
1,421
780
9,042
15,636
44,108
45,089
6,305
Total
Less interest on bonds
Less premium on bonds
Interest, discount and czcliange
Taxes and insurance
GENERAL INVESTMENT NEWS.
—
American Cotton Oil Company. The amount of common
stock of the American Cotton OU Company that was admitted
to dealings in the Unlisted Department of the Stock Exchange
this week is $21,092,000, being the entire amount authorized,
balance of $4,454,000 reand of preferred stock $10,546,000.
mains in the treasury of the company. The company is organized under the laws of New Jersey, and its officers are: President, Samuel Thomas; Vice-Presidents, E. Urquhartand Alfred
Bishop Mason; Treasurer, James H.Benedict; Secretary and
Assistant Treasurer, R. F. Munro. The company owns about
$41 ,500,000 of the certificates of the American Cotton Oil Trust,
leaving but about 6,000 shares outstanding. The preferred
stock is secured by deposit of these trust certificates. The Central Trust Company is issuing the new stock for its receipts
given for the certificates of the trust under the reorganization
A
agreement.
—A
meeting of the stockholders
Broolilrn City & Newtown.
will be held early next month to authorize the issue of bonds
Of this sum $600,000
to the amount of $2,000,000 at 5 jier cent.
will be used to redeem that amount in 7 per cent bonds, and
$1,000,000 will be kept for permanent improvements, wi.h the
expectation at an early day of substituting cable or electricity
for horses on the line in DeKalb Avenue.
Cameron Iron & Coal
—
Co. The plan of reorganization,
which an early copy has been furnished by the Kiernan
News Company, contains the information below given. The
committee of reorganization consists of Messrs. F. P. Olcott,
R. Fulton Cutting and Lathrop R. Bacon.
The plan embraces the following points.
1.
All of the outstanding bonds, stock and indebtedness of
the company, which are as foUows, shall be retired and canof
—
celed:
Six rer cent
first
mort. bonds with interest to Sept. 1,1890. .$1,150,000
350,000
3.000,000
Deb sunsecured and secured by judgments, estimated
Common
stock
$4,500,000
Total
2.
—In
lieu thereof securities of a proposed
new company
shall be issued as foUows:
owned by
your company, included in South Pueblo, Five per cent first mortgage 50 year gold bonds, dated
$500,000
Corona Park and the bottom lands in the vicinity of the Union
Sept. 1, 1890...
1,500,000
depot. The payment therefor being the entire stock and bonds Five per cent preferred stock, pon-cumulated
stock (entitled to 5 pe- cent dividends after payCommon
of said Colorado Coal & Iron Development Company. This
1,500,000
ment of 5 per cent on preferred stock
property has since largely increased in value, as shown by ac$3,500,000
Total
tual sales, and large pecuniary returns must result therefrom
to the Colorado Coal & Iron Development Company.
The preferred stock shall control the reorganized comj)any
"
We
then entered into a contract with Messrs. Geo. C. for the first three years, the control thereafter to revert to all
Co. of Pueblo, for the sale of that portion of our the stock.
property immediately suiTounding the real estate controlled
3.
Those new issues are to be distributed and used as folby the above-mentioned Development Company, and this lows:
arrangement has given much better results than we had anBONDS.
ticipated. Up to the present time ffost of the parcels dis- To be held in the treasury for future purposes
$200,000
pojed of for our account by this firm have been purchased by To be eiven at 90 per cent to such of the present stockholdsubsoripon
of $9 per share
300,000
the
sha'l
elect
to
pay
ers
who
citizens of Pueblo at prices which have netted us twentyeight per cent more than the values fixed as a basis for sales
$500,000
Total
by our own appraisers last July." * *
PREFERKED STOCK.
" Notwithstanding the important sales of the year, tho lands To the present bondholders
$1,200,000
Lyman &
,
—
.
.
-
we still retain are much more valuable that the entire tract
before such sales." * *
"
find we have sold 523 818-1000 acres, the average price
per acre in Uplands Park being $903 02. We still have unsold
Uplands Park lands which, at the present schedule of
We
m
prices, will
amount
to
upwards of
$1,100,000.
The
latter
we
"
••
••
creditors
Total
300,000
$1,500,000
COM.M0N STOCK
shall pay an assesment of
$2 50, or a subscription of $9 per share, 50 per cent of
$1,500,000
their present stock at par
To the present stockholders who
Mahcb
THE CHRONICLE.
29, 1860.]
451
The present stockholders shall elect at the time of
depositing their stock hereunder whether they will pay an
assessment of $2 50 per share, or a subscription of $9 per
had been brought by the Farmers' Loan & Trust Company
of New York, for the foreclosure of a mortgage for $375,0(K)'.
As to the cause, it is alleged that defaults were made in the
share.
payment of interest coupons on 2,271 of the bonds due July ),
Called Bonds. The following bonds have been called for 1888 again on January 1, 1889, on 2,000 of the bonds again
in July, 1889, on 2,000 of the bonds and again on January
payment:
1,
HousATONic Consolidated first mortgage 5s of 1880, due 1890, on 376 of the bonds, all of which interest remains
1910.
The whole issue will be paid at par and accrued inter- unpaid.
The mortgage was executed in 1888. Judge Caldwell
est on April 1 1890.
required as a condition of appointing the receiver that all the
Chesapeake & Ohio— Kanawha & Ohio.— The Ches. &
Ohio has leased the K. & O. for 99 vears, guaranteeing the debts and liabilities of the company incurre<l in the construction, repair, and operation of the road, including damages
to
interest on the new fours, which will be issued at the rate of
property since the execution of the mortgage, should Ite made
f 15,000 a mile on the present line and an extension to the a
charge upon the mortgaged property and paid out of the
mouth of the Gauley River, a whole distance of about 160
proceeds of the sale of the road, if not sooner paid by the
miles.
This secures to the C. & O. both sides of the river
receiver out of the earnings of the road or other funds probank along the Qauley River.
vided for the purpose.
Chicag:o Ons. In Chicago, March 27, the suit of Francis M.
Knox & Lincoln. The directors of this railroad company
Charlton against the Chicago Gas Trust came up before Judge
Collins on a motion for an injunction restraining the Trust and the officers of the cities and towns interested financially
in
the road, considered an offer of $1,300,000 for the road,
from paying any dividends, and for the appointment of a receiver.
Mr. Qoudy, counsel for the Trust, made the statement made by a syndicate represented by Levi C. Wade, of Boston.
that the Gkis Trust had no money to pay dividends, and also The offer was unanimously rejected, but it was voted expesaid "weagreenottopayany money in dividends." Thehearing dient to sell at some price.
was set for Thursday next. Subsequently a reporter saw Mr.
Laclede Gas (St. Lonis).— Kieman's Chicago special a&jei
Green, who said: " Mr. Goudy did not say the dividend would The ordinance at St. Louis fixing
the price of gas to both the
not be paid, but did say the Chicago Gas Trust Company had city and to consumers
at 90 cents goes into effect to-morrow.
no funds." The money was deposited with, the Central Trust This is the ordinance vetoed by
Mayor Noonan, but passed over
Company of New York some time ago. On the 28th (Friday) his veto. The Laclede Company will get out
an injunction
the dividend of 1 per cent was paid in New York.
prohibiting the city authorities from enforcing this ordinance,
Cleveland Cincinnati Chicago & St Lonis.—The earnings, pending a test of its legality.
expenses and charges for the month of February and the eight
Louisville New Albany & Chicago.— In
of the
months ending February 28, compared with the previous year, annual report we have obtained a summary advance
of the income
were as follows:
account .for 1889, which is given below in comparison witli
Febi-uary.
July 1 to Ftb. 28.
—
;
;
;
—
—
,
—
—
.
.
1889.
GroRS ea>^'n«r
Operating expenses..
$811,434
599,445
,
1890.
1888-89.
1889-90.
$880,328
594,468
$7,721,407
5,138,647
$8,343,595
5,421,823
previous years
:
Gross earnings
Neteamlngs
Netearninea
Int.,taxe8,rfatal8,d^o
$241,989
240,538
$285,860
242,531
$1,451
$43,329
Net Income
$2,582,760 $2,921,772
1,912,663
1,931,672
$670,097
$990,100
Georgia Carolina & Nortliern.— The section of the Georgia
Carolina
Northern RR. between Chester and Broad River, 23
miles, has been opened for traffic.
Seventy-seven miles of
the road, from Monroe, N. C, to the Broad River, are now
The contracts for the section in Elbert
being operated.
County, Qa., between the Savannah River and Elberton, are
let.— iJ. R. Oazette.
&
—
Houston East & West Texas. As to the foreclosure sale
March 11, a stay of proceedings was obtained which,
is said, will prevent the reorganization for some time yet.
fixed for
It
Kanatrha & Ohio.— Messrs. Homans
&
Co. 2 Wall Street,
recently purchased this road in foreclosure, have issued
to stockholders a circular containing the plan of reorganiza,
who
tion.
Total cliarges
Balance
1887.
$2,2»5,623
$805,925
1888.
$2,292,782
$2,495,823
$868,105
$957,180
$461,533
223,869
50,000
$519,814
228,641
25,000
$591,773
282,458
$573,964
276.346
$735,407
$803,455
1889.
....
$364,233
$3SP,310
$3,372 sr.$t06,876
At a meeting of the new board on the 22d inst. resolutions
were passed repudiating the contracts made by the former
board with the Kentucky
Indiana Bridge Co., the Richmond
Nicholasville Irvine
Beattyville RR. and the lease of the
Lexington extension of the LouisviUe Southern. The old
board, it is claimed, exceeded their powers in making these
contracts without the approval of the stockholders. As to
the Louisville Southern main line, Louisville to Burgin, the
construction company which built it has been called upon to
put the road in good order in accordance with the terms of
their agreement when the lease was made to the L. N. A..&
C.
or in case of failure to do this to reduce the rental or
take back the road. The right was reserved in the lease to
terminate it on one year's notice.
It is hardly possible, without having the legal documents in
possession and knowing the entire history of the proceedings,
to form a definite opinion in regard to these transactions.
One report says that the new board has repudiated the Kentucky
Indiana bridge lease because they claim that a
quorum of the L. N. A.
C. directors was not present when
the lease was approved.
This report is very possibly
untrue but whether it is or not, it is sufficient to suggest the
comment that such action would be equivalent to pleading the
baby act on the part of an individual and what is
thought in the business community of a man who tries
to repudiate a contract because he was not quite twenty-one
years old when he signed it ? The point must not be forgotten that the existence of a corporation is continuous, and
neither the law nor the public take any notice of changes in
the Board of Directors. No principle could be worse in corporate management than that a new Board of Directors should
overturn the acts and try to evade the obligations created by
its predecessors.
When right and reservations are particularly given in a contract the situation is obvious, and a new
board, in exercising its right of cancellation, does no more
than the old board might have done. This is the case with
the Louisville Southern (main line) lease, which, it was well
known, could be terminated on a year's notice. But where a
positive contract of lease, guaranty, endorsement, &c. haa
been made, and bonds have been sold to the public on the
strength of such agreement, it is damaging to railroad credit
and securities in general to have such obligations repudiated
by a new board of directors, on the alleged ground tliat their
own company acted ultra vires and did something it ought
not to have done. Wlien a corporation pleads its own wrongdoing as a cause for evading obligations and making innocent
parties lose money, the courts will look into the matter pretty
closely before granting such a plea.
def.$94,746 sur. $2,469
sur.
&
&
;
A new
company
is
to be organized
which
will take the
Ohio Railway, and also the
This new company will issue,
property of the Kanawha &
Charleston & Gauley Railway.
required, its 100-year gold bonds, 4 per cent per
as
annum, secured by mortgage on all its property, including
the Point Pleasant bridge, but not the Raleigh County coal
lands, and this mortgage may be subject to the liens which
are prior to the K. & O. first mortgage, including the Mineral
Division mortgage of the Ohio Central R.R. The amount of
new bonds is limited to $15,000 per mUe, of which only $10,000
per mile ($1,340,000) shall be used for the purposes of reorganization.
The new capital stock shall not exceed $10,000,000.
Each holder of old bonds will receive for his bonds, with all
unpaid coupons attached, the accrued interest thereon in cash,
and new bonds for the face of the old, and there shall also be
delivered $300 in new stock.
Stockholders of the Kanawha & Ohio Railway Company,
parties to the reorganization, may purchase stock of the new
company at the price of $10 per share, to the following amounts,
to wit First preferred, to the amount of 50 per cent second
preferred, to the amount of 25 per cent, and common stock to
the amount of 12i^ per cent of their respective holdings.
Stockholders of the Kanawha Improvement Company may
purchase new stock at the price of $10 per share to the amount
of 250 per cent of their holdings.
Holders are requested to deposit with the Central Trust Co.
on or before April 7th. Circulars giving the full plan may be
obtained of Messrs. Homans & Co. No. 2 Wall Street.
Since the issuance of the above circular, a 99 year lease of
the road has been made to the Chesapeake & Ohio, which
Company will guarantee the interest on the new bonds and
build the extension of the road down the Gauley River some
30 miles, upon completion of which the issued bonds on the
whole line will be at the rate of $15,000 a mile. Two per cent
of the earnings in excess of the interest charge will be given
to the new stock, and any additional surplus equally divided
between the C. & O. and the K. & O. companies. Of the
$10,000,000 new stock, $8,555,000 wiU go to the old stockholders in certain proportions, at the rate of ten cents on the dollar
$.348,000 to the old firsts for their concession in interest,
and $1,000,000 to the Ches. & Ohio for carrying out the plan.
Kansas City Wyandotte & Northwestern.- At Topeka, Kan.,
March 24, in the United States Circuit Court, Judge Caldwell
made tin order appointing Newman Erb Receiver of the Kansas
City Wyandotte & Northwestern Railroad Company. A suit
;
;
,
:
C eduet—
Interest on bonds....
Rentals, taxes, Ac....
Car trust interest
1886.
$1,919,189
$640,661
&
&
;
—
,
Mexican National.— The bondholders of the Mexican Na«
tional Railroatl Company met at the office of the company.
No. 6 Wall street, and nominated eight directors to be voted
for by the voting trustee, the Farmers' Loan
Trust Company, at the annual election. The six nominees who live in
&
the United States are William G. Raoul, Josiah G. Horsey,
Charles C. Beaman, George Coppell, Lloyd AspinwaU and
Eckstein Norton. The nominees who live in Mexico are l^uilio
Velasco and C. S. Stanhope.
THE CHRONICLE.
452
Hissouri Kansas & Texas.—The Central Trust Company
furnish a contract blank for use of brokers until June 2, when
interim certificates will be ready carrying interest from June 1.
New York Stock Exchange.—New Securities Listed.—The
Governing Committee of the Stock Exchange have listed the
following securities
Richmond <fe Danville. -$33-1,000 additional oonaol. sixes, making
[Vol. L.
%tviax\s
awd documents.
SCIOTO VALLEY & NEW ENGLAND RR. CO.
APPUCATION TO THE NEW YORK STOCK EXCHANGE.
New
total listed to date $5,723,000.
Denver City Calle Kailway Co.— $3,313,000 first mortgage 6 per
cent gold bonds.
MiLWAiKEK Lake Siiobe & Western Railway Co.— Additional
Usue of exteEsiou Improvement .5 per cent sinking fund gold mortgage
bonds, $250,000, making total amount listed to date $2,686,000.
PHiLADELrniA & Keadinc, ER. Co.— Additional issue of general
mortgngo 4 iier cent coupon lionds, $1,795,000, making totnl amount
uow listed $33,274,000. and of registered lionils, $1,7(JO,000, making
total of ooui)on and registered bonds listed $34,974,000.
East Tenxkssee Viugi.nia & Georgia KR. Co.— Additional Issue of
eqnlpment and improvement 5 per cent gold bonds, $1,500,000, making
total amount listed to date $4,500,000.
8CIOTO Valley & New England. RR. Co.— $5,000,000 capital stock
and $5,000,000 Ilrst mortgage 4 per cent 100-j ear gold bonds.
Omaha & St. Louis. Notice is given that a special meeting
of stockholders will be held in Stanberry, Missouri, on the
28th day of April, 1890, for the purpose of voting on the proposed issue of §580,000 second mortgage 5 per cent bonds, due
May t, 1940, to be secured by a second mortgage upon all the
company's property, with a provision that said bonds may be
increased at the rate of §4,000 a mile for all railway hereafter
to be constructed in extension of the present radway.
Pennsylvania. The gross and net earnings for Februaiy,
—
—
of the year, in 1889 and 1890, were as
On the lines west of Pittsburg and Erie the net
stated.
result, after payment of all chsuges, is shown in the second table:
LINES EAST OF PITTSBURG AND ERIE.
Net Earnings.
Qross Earninf!.s.
1889.
1890.
1889.
1890.
$1,0S0,796
$1,306,046
January
$4,528,746
$5,142,311
1,395,131
4,421.156
4,851,091
1,S91,412
February
and the two months
below
.
.
.
York, February
19, 1890.
Application is hereby made to place upon the regular list of
the New York Stock Exchange the stock of the Scioto Valley
& New England Railroad Company, amounting to $5,000,000,
consisting of 50,000 shares, each of the par value of §100,
and an issue of §5,000,000 at par value of the First Mortgage
Four per cent one hundred year gold Bonds of faid company.
The amount of the issue of bonds is §5,000,000 at par value,
provision being made in the mortgage for an issue of not exceeding §10,000,000 in addition to said issue of §5,000,000, at
par value, but only at a rate not exceeding §23,000 for each
and every mile of railway, additional to the railway, property
and franchises formerly of the Scioto Valley Railway Company, on a line from Columbus to a connection with the
Western New York
Pennsylvania Railroad; and at a rate
not exceeding §19,000 for each and every mile of railway,
additional to the said railway, property and franchises formerly of said Scioto Valley Railway Company, other than the
said line from Columbus to a connection with said the Western New York & Pennsylvania Railroad; and it is further
provided in and by the "terms of said mortgage, that at no
time shall the amcunt of outstanding bonds of the issue
thereby secured, exceed the amount of the capital stock of
&
said railroad company.
The date of issue of said bonds is November 1, 1889 the date
of maturity is November 1, 1989 the par value of each bond
is §1,000 ; the series of numbers is 1 to 5,000 inclusive
the rate
of interest is four per cent, payable on the first days of May
and November in each year the place of payment is in the
City of New York, at the oflSce of the company. No. 54 Wall
Street ; the holders of said bonds have the privilege of registration the registrar is the Central Trust Company of New
York, No. 54 Wall Street, New York the transfer agent, the
Farmers' Loan
Trust Company, and the transfer office,
the office of the Farmers' Loan
Trust Company, No. 20
William Street, New York the Central Trust Company of
New York is the Trustee.
This company was organized on the first day of February,
1890, under sections 3,420 and 3,421 of the general statutes of
Ohio, as a reorganization of the Scioto Valley Railway Company, with provisions for the extension of said railway to the
City of Toledo, and to a connection with the railroad of the
;
;
;
;
2
months
'$8,949,002
^Ve(
January
February
;$P ,993,402
$2,472,228
$2,701,177
LINES WEST OF PITTSBURG AND BRIE.
lurplus or deficit afterpayment of charges.
1890.
1889.
mff. in 1890
Bur.
Bur. $54,301
Gain. $119,667
$173,968
Def.
85,899
Gain.
121,504
Det.; 207,403
Bur.
$88,069
Gain. $231,171
2months
Def $153,102
Philadelphia & Reading'. Tlie managers of the Philadelphia & Reading Railroad Company have announced that they
will pay on April 1 §3 75 for the coupon of the first income
bonds for the year ending Nov. 30, 1889. This is equivalent to ;?8 of 1 per cent upon each one-thousand-dollar bond.
In January the managers formally announced that no interest had been earned upon the income bonds. The trustee for
the bondholders investigated the Reading Company's accounts
and found that the sum of $90,000 was applicable to the paymept of interest, and it is from this fund that the payment of
of 1 per cent will be made. One of the directors said that,
while the payment was trifling, it was made to properly dispose of the siim. It is due to the present holders, and it would
not do to carry it until another payment is made upon
another coupon.
The Northeast Pennsylvania Railroad Co. has been authorized by its stockholders to issue §400,000 5 per cent thirtyyear bonds. The Camden County Railroad Co. will issue
^100,000 5 per cent thirty-year bonds. Both of these roads
are in the Reading system and are building short extensions.
St. Lonis Arkansas & Texa«. The receiver's statement for
the calendar year 1889 in comparison with 1888 is as follows:
—
%
—
—
1889.
Gros8 earnings
Operating expenses
JTet earnings
3,289,227
1888.
$3,072,348
3,050,423
$587,058
$21,925
$3376,2^5
Included in the operating expenses are §1,116,665 for improvements in the year 1889 as against §687,166 in 1888. Efforts are being made to reduce the assessment as proposed
under the Central Trust plan on the stock and second mortgage bonds, and some concessions may be granted.
Scioto Valley & New England.— This is the old Scioto Valley RR. which has been reorganized and the new securities
listed this week on the New York Stock Exchange.
On a
subsequent page may be found the statement furnished the
Exchange. Under the reorganization have been paid off the old
1 per cent mortgages, §2,270,000; outstanding judgments,
§989,000, and right-of-way debts, $50,000; the annual interest
cliarge
on these items was
§220,700.
During the
receivership some
in earnings
$1,200,000
were spent
upon the road.
The new 4 per cent mortgage bonds
for
sold at a price wliich
§5,000,000 have been
has
provided for all the liens above mentioned, and reduces
the interest charge to §200,000 xjer annum, a sum which seems
to be well within the earning power of the property. New
^equipment (covered by the mortgage) costing §250,000 will be
put on during the summer, at which time the new contracts
with the Huntington system of roads will go into eflfect.
President Bf rne says the road runs through one of the richest
,
valleys in the world, that it is in first-class physical condition,
and in shape to be operated at a minimum expense. The
Western and the Charleston Cincinnati
Norfolk
Chicago
are building to connect with the Scioto Valley
New EngIdnd at its southern terminus. See map in Investors' SupPliEMENT.
&
IST'For otlier Kailroad
&
&
and luTcstuieut Newa see pane 433i
;
;
&
&
;
Western
New York &
Pennsylvania Railroad
Company near
the State line between the States of Ohio and Pennsylvania.
H16TORY. The railway, property and franchises of the
Scioto Valley Railway Company were sold on the 22d day of
January, A. D. 1890, imder and in pursuance of a decree of
foreclosure and sale of the Court of Common Pleas of Scioto
County, in the State of Ohio, to Frederic P. Olcott, as chairman of a purchasing committee consisting of Frederic P.
Olcott, Charles M. Fry, and Harry B. Hollins, for §3,565,200,
The sale was duly confirmed by said Court on the first day of
February, 1890, and on that day the Special Master Commissioner named in said decree duly conveyed the said railway,
property and franchises to said Frederic P. Olcott, as chairman,
and the same were by him conveyed to the incorporators of
the new company and the said property was by said incorporators duly conveyed to the Scioto valley and New England
Railroad Company, which corporation took possession thereof
on the same day.'
The route of the railroad of said company extends from the
city of Columbus, in the State of Ohio, southerly through the
counties of Franklin, Pickaway, Ross, Pike, Scioto and Lawrence, and terminates st Petersburg, in said State of Ohio, a
distance of 131 5-10 miles, all of which railroad is completed
and in operation. It is contemplated, and the charter provides for an extension of said railroad to the city of Toledo,
in said State of Ohio also an extension to a connection with
the railroad of the Western New York
Pennsylvania Railroad Company, near the State line, between tlie States of
Ohio and Pennsylvania, in the county of Trumbull, in said
State of Ohio.
The gauge is 4 feet %% inches ; the rails are steel.
—
;
;
&
Equipment Owned bt Company.
—Locomotive engines, 30
;
passenger cars, 13 baggage, mail and express cars, 5 freight
cars, box, 297
freight cars, stock, 19 freight cars, platform,
19 freight cars, coal, 121 caboose cars, 9 ; all other cars, 53.
;
;
;
;
;
;
Total, 536.
lAahUittes.
Capital stock
$5,000,000
First mortgage bonds
Aseetf.
and
roiid
Cost of
eailipmout
$10,000,000
Bills receivable, about
20,000
Materials
and
fuel,
about
Cash on baud
Total
20,000
102,169
100-ycar4perccnt.
5,000,000
Payrolls and Touclicrs
for January, about.
Balance applicable to
Interest & dividends
107,169
35,000
Total
$10,142,169
$10,142,169
of the railroad for the year ending June 80,
1889, while in the hands of a receiver, were
Passengers
$198,706 55
Freiglit
418,702 87
Mail
17,892 66
Express
6,392 68
Oilier
12,439 18
'
The earnings
:
Total
$654,133 94
Makch
29,
THE CHRONld^
lf<SO,|
The road has been ballasted its entire length with pure
gravel, eighteen inches deep underneath the ties. All wooden
bridges, except three, have been replaced with structures of
iron and masonry. The berines liave been turfed throughout
the entire length of tlie road. Tlie fences are in perfect condition.
T)ie right of way lias been made uniformly 100 fed in
width. The grades have been reduced to 35 feet maximum
per mile, except one short grade of 54 feet.
Upon the present basis of earuings the road can be operated
for 00 per cent, making
NoteamliiKs
Deducting Uxcd charges
$253,05,3 57
200,00000
Balauco applicable to stock dividends
$5:<,G53
57
There is more than sufBcient cash on hand already to meet
the interest which will mature May 1, 1890.
The new company has acquired valuable traffic contracts
with the Elizabethtown Lexington
Big Sandy Railroad
Company for a term of fortv years, and with the Chesapeake
Ohio
Southwestern Railway Company and the Newport
News
Mississippi Valley Company for the term of ten
years, whereby said several corporations agree to deliver to
said the Scioto Valley
New England Railroad Company aU
business originating on their respective lines or controlled
by them, destined for New England and northeastern
&
&
&
&
points.
Directors.
—William
Monypeny, L.
W.
Huntington, W. W.
Ohio
John Byrne, Cincinnati, Ohio
Camille Weidenfeld, New York, N. Y.;
Angelica, N. Y.
Parrott, P.
;
Friday Nioht, March
23, ISQOT.
A violent storm
has swept over tlie Ohio Valley. Mao/
small towns were nearly destroyed.
Tlie tornado struck
Louisvdle last evening, and it is rejKirted that very many
buildings are destroyed, including public edifices and largewarehouses, and hundreds of people were killed. Other calamities are extensive prairie flras
the tranj-Misjisiippi region and great crevasses in the leveej of tlie Mi^sisiippi River^
by which thousand )f acres of cotton lands are overflowed^
The proposed nev,- i.uilf of im,x)rt duties is under active discussion at Washington, but it is now believed that little will
be accomplished at the present session, owing to the conten-
m
tion of conflicting interests.
latterly has
;
Vice-President Joseph Robinson, General Superintendent
Frank Sullivan Smith, General Counsel L. C. Newsom,
Treasurer
W. H. Whitney, Secretary Charles O. Hunter,
Assistant Secretary.
Principal office of the company, No. 61 East State Street,
Columbus, O.
New York Office, No. 54 Wall Street, New York, N. Y.
A sample copy of certificates of stock and bond are enclosed
erewith.
;
;
;
Very
%ht (^^ommtvcml ^imes.
COMMERCIAL EPITOME.
Lard on the spot slightly improved early in the week, boC
been drooping, and to-day was dull, the close
being nearly nominal at 6'05c. for prime city, G'SOc.^
6 -521^0. for prime Western and 6-35c.@ 6 -SSc. for refined to
the Continent.
For future delivery the speculation was'
moderately active, but
the
feature
to-day was the
C. Newsom, Charles
Franklin, Columbus, advance in July options, which sold at 6'63c., while the other
C. P. Huntington. deliveries siiowed little change and the close was irregular.
Frank Sullivan Smith,
CLOSUIO DAILY FOTDKK PBIOES OP LABS.
Officers—John Byme, President; Camille Weidenfeld,
;
453
Sat.
Mon,
Tuet.
VTeil.
Maydellverv
c.
646
6-52
6-49
July dellverr
O.
o.
6-33
«-64
« 05
6-6')
e-T-t
6-72
6-49
O-jD
0-72
6'71
September delivery
Fri
Thur.
a-hO
6-59
6-50
6-61
6-78
6'Tl
6-75
6-75
606
6-75e-'IS
Pork has been active, and new mess is dearer, but the dose
is quiet at $11 75@$12 for new mess, $9 75;ai$10 for extra
prime and $11 75;a$13 25 for clear back. Beef has been more
active and closes steady at $6@$6 25 for extra mess, $7® $7 50
for packet and $11 50@$13 50 for city extra Indian mess. BeeC'
October delivery
hams
c.
are firmer at $13 50(g$14 per bbl.
respectfully,
Cut meats have advanced materially, with more doing-.
President.
towards the close, the sales to-day embracing 30,000 lbs.
The Committee recommend that the above-described pickled bellies at 53^c. for 12 lbs. average, and 53^c. for
$5,000,000 Capital Stock and §5,000,000 First Mortgage Four
also pickled
shoulders
10 lbs. average
at
5c.
and
per Cent 100-year Gold Bonds, Nos. 1. to 5,000 inclusive, be
at 9J^c.(a93^c.
for
pickled hams»'
the close is firm
admitted to the list.
JOHN BYRNE,
;
Adopted by the Governing Committee, March
Sandnsiky
& Colnmbus Lake
Erie
&
— Certain
capitalists of Sandusky, Ohio, propose to build this road
to make a direct and shorter line with the coal region in
Southern Ohio. The project includes the extension of the line
from Columbus to the Ohio River, opposite Maysville, Ky.,
making connection with the Kentucky
Central.
AU
that
and SJgC.QOc. for do. bellica
smoked shoulders, 5^c@ 6c., and smoked hams, 10?^c.@103^c
Tallow is firmer and more active at 4J^c(a4 9-16c. Stearine
quoted at 7?8C.@ 7)^0. and oleomargarine at 5!^c.@553C. But
4JgC.@5c. for do. shoulders
26, 1890.
Southern.
;
is
Elgin, 25J^c.@26c.; other creameries, 14c.@24i^c.~
State factory full cream, 9%c.@ll?3C.
ter dull;
Clieese firm
;
Coffee on the spot has been steadier in the past week, bat
closes dull and weak at 18-^c. for No. 7 Rio, against 18Jf®
immediately contemplated is to build the line from Sanlast week.
The business to-day embraced large linea
dusky to Columbus, a distance of 108 miles, and upon 18J^c.
this 50 year 5 per cent bonds for $2,000,000 have been author- of Laguayra growth. The speculation in Rio options has been
fairly active, but at fluctuating values.
To-day an early
ized.
decline under weaker European advices was followed by a
Union Ferry Company. Secretary Bunker, of the Union quick recovery, a leading "bull" operator buying freely, dosFerry Company, has issued a circular to the stockholders of ing steady with sellers as follows:
that company, reporting the fact that H. B. Hollins & Co. had Aprtl
16-900. October
17-650. July
16-lScr
purchased 7,000 of the 10,000 shares of the company's stock at Mar
17-4f'e. August
...16-700. Novem'.ior
15'90e
December
September
17-25c.
16-15e.
15-85e
S200 per share, and expressing the opinion that at the next Jane
annual election, November 18, 1890, the control of the company
an advance for the week of 30@ 40 points for the early opwUl pass into |the hands of the HcUins syndicate. The syndi- tions and 10320 for the later months.
cate, he says, have asked for representation on the Board in
Raw sugars have declined, and close quiet at 4'gC. for fair
the event that any vacancy should occur prior to that date. refining Muscovado and 5 7-16c. for Centrifugal 96 deg. tesfc.
Without making any pledges the Board asked JMessrs. Hollins Refined sugars also lower, with standard crushed quoted at
& Co. if they would agree to pay for the 3,000 shares not al- 71^0. These declines took place early in the week. Molasses is
ready owned by the syndicate, the same price to wit, $200 per again lower, a cargo selling to-day at 21c. for 50-deg. teat,
share. Messrs. H. B. Hollins & Co. wrote to the Board "The tea sale had an irregular result the offering was a large
authorizing that body to inform the minority stockholders that one Formosas and country greens were slightly cheaper.
" up to and including April 30, and not later, Messrs. H. B.
Kentucky tobacco was ruther more active, the sales aggreHolhns & Co. will be prepared to pay $200 per share for sucli gating 375 lihds., mostly for export, part to Fi-ance.
Seed
stock." The circular concludes as follows: "The Board is leaf was in fair request, and sales were 895 casen. as follows:
ignorant of the plans of the syndicate, but deems it a duty to 350 cases 1888 crop, Wisconsin Havana, 952C. to riJjC.; 140
submit the above without comment, together with the last cases 1888 crop Pennsylvania Havana, 12c. to 13c. 2 JO cases
financial statement of the company, for the consideration of 1887-88 crops, Pennsylvania seed leaf, ei^c. to 13c.: 75 cases
the stockholders."
1888 crop, State Havana, 12i^c. to 14c., and 150 cases sundries,
The general balance sheet of the company for November 1, 6c. to 35c. also 650 bales Havana, 65e. to $1 15, and 500 bales
1889, shows: Total assets, $1,797,457, which indues seventeen Sumatra, $1 to $2.
ferry boats, $673,000; ferry houses, etc., $206,000; real estate,
Refined petroleum is again lower at 7-20c. in bbk. and 9'40c.
$325,000; New York City 3 i>er cent bonds, $260,000; Brooklyn in cases crude, in bbls. 7'50c. and naphtha 8c. Crude certiCity 8 per cent lx)nds, $200,000; United States A}4 per cent ficates have further declined and close at 845gC. Spirits
bonds, $50,000. Liabilities: Capital stock paid in, $1,000,000; turpentine has been dull and drooping, closing easy at
outstanding tickets, $25,331; taxes due Brooklyn, $25,000; il(cb41%c. Rosins were quiet, but about steady at $M7J^c.®^
claims in suit, $40,000; Brooklyn Trust Company loan, $25,- $l'27i>^ for common to good strained.
000; unpaid bills, $28,000; unpaid dividends, §193; rent due
On the Metal Exchange, Straits tin shows little dteng^
City of New York, $27,000; profit and loss, $626,872. The closing at 20 '200. on the spot, with small sales at 20- 10c. for
company's charter expires by limitation on November 9, May. Ingot copper is firmer, and Lake is quoted at 14-80c.
1890, but measures have already been taken with a view for April.
Domestic lead has continued weak and closes At
to its continuance. The lease from the City of New York 3-90c. Pig iron warrants are entirely nominal. The interior
under which the ferries are operated will expire on May 1, iron markets are nearly at a standstill, and prices are wholly
—
I
I
I
I
—
;"
;
;
;
;
1091.
unsettled.
CHRONICLK
'JBE
454
COTTON.
Friday. P. M.. March 38, 1890.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 41,06.') bales,
against 38,547 bales last week and 54,735 bales the previous
•week, making the total receipts since the 1st of Sept., 1880,
5,570,370 bales, against 5,326,837 bales for the same period of
showing an increase since Sept.
1888-9,
1,
1889, of 343,533 bales.
Hon.
Sat.
Galveston
ElPaeo, &c...
Sevi Orleans...
Mobile
1,031
Wed.
Toe*.
906
2,047
Thurt.
We
&
On
March
28,
at-
Leaving
575
4,218
7,290
1,237
8
HI
27
121
541
3
971
870
438
629
601
Florida
flavannali
New Orleans*
Mobl.c
Charleston ....
1.100
4,029
Total 1890...
29,850
4,800
387
Total 1889...
Total 1888...
42,447
35,420
8,632
5,561
9,000
None.
None.
None.
Brunsw'k, &c.
Charleston
Port Boyal.&c
Wilmington
Wasli'gton.&c
Kortolk
West
Point...
708
215
376
113
56
21
24
15
18
29
929
318
135
453
210
233
397
573
319
Wwp'tN's,&c.
»6w York
Boston
Baltimore
237
302
394
211
537
138
430
421
PliUadelpb'a,&c
153
107
116
95
Totals this week
5,253
8,788 10,285
3,869
2,029
15,890
44
317
1,100
1,560
4
117
2
254
5S
711
370
159
435
153
2,976
200
2
2,498
1,381
711
3,214
2,403
1,384
3,214
339
810
9,894
41,065
For comparison we give the following table showing the
week's total receipts, the total since September 1. 1889, and
the stock to-night, compared with last year.
1889-90.
Beceipti to
March 28.
1888-89.
ThU
Since Sep.
Week. 1, 1889.
Week.
Salveston
£1 Pa80,&c.
5,058;
823,368
23,017
5,073
200
Kew Orleans.
15,890
1, ,862,998
13,704
1,394
1,523
3,105
1,367
1,426
.
Mobile
Florida
Savann'ab.
.
1,100
4,029,
..
Bruns., &c.
387
Cbarlcston
P.Koyal,&c
1,560
.
4
117
Wilmington
Wasb'tn.&c
3,734
388,976
317,238
711
53,54o|
..
2,403
1,384
3,214
&c
810
104,421
66,451
82,198
65,769
West Point.
NwptN.,&c
New York.
..
Boston
Baltimore.
Totals
1890.
1889.
638,916
19,574
8,640
11,550
,604,173
157,662
15,240
204,781
9,850
19,825:
34,519
838;
5,645*
10,718
216
132,0141
2
2,498
1,381
Norfolk
Pliil'del'a,
232,139
30,022
907,053
161,646
313,680
1,806
317J
Slock.
Since Sep.
1, 1888.
204,573
25,474
788,987
144,808
364,175
14,412
148,962
4,356
468,763
388,371
123,476
97,879
82,037
63,269
44,632
56
309
3
3,319
6,589
3,368
3,279
4,832
869
1,114
5,285
3,767
22,855
18,572
3,048
134,791
12,276
212,135
9,800
8,667
18,311
7,800|
3,214
1S,830'
41,0655,570,370' 51,573 5.226,837
403,373
584,946
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Bavannah
Galveston*
Norfolk
New York
*
Receipts
at—
I
1890.
1889.
Orleans
5,258
15,890
Mobile....!-..
317
Kew
Savannah.
..
•Cbarl'st'n.&o
W41m'gt'n,&o
Norfolk
W't Point,
All others
&c
Tot. this week
1888.
1887.
2,217
16,653
4,029
1,564
5,319
13,704
1,394
3,105
1,482
119
2,498
2,092
9,298
41,005
1886.
1885.
3,216
1,524
2,077
13,507
1,014
2,262
1,467
4,580
16,989
1,537
6,075
5,354
300
284
302
87l|
860
133
3,319
9,957
12,984
1,160
9,527j
3,528
5,898
1,516
1,880
10,090
3,349
10,813
6,137
33,396
34,115|
59,095
28,111
51,573
640
1,804:
981
12,682
.
The exports
for the week ending this evening reach a total
•of 69,193 bales, of which 34,495 were to Great BriUin, 7 810
to France and 36,883 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1889,
Week Eliding March
/rom—
QalTeston
Kew
Orleans.
28.
Qreat
ContiBrit'n. France nent.
1.876
8,1S»
7,009
Kew
York
Boston
'Baltimore
'PUIadelp'a,&c
Total
•gotal. 1388-89..
1.
1889. to itch. 28, 1890
Week.
2S()
1.826
13.771
28.019
6,878
8,878
Great
Britain. France
306.770 84.689
802,127 327,829
Continent.
2.660
7,835
1,213
2,516
8,681
801
4,817
8,368
34,493
60.200
7,810
11.960
2.650
7,235
1,213
4,406
2.616
8,837
4,817
84
6,402
26,888
184.570
102,893
51.281
80,326
24,246
79.161
213.877
150,833
33,166
407,825
121,272
48,533
23.918
69.193 2,540,517
38,262
1,674
Total.
14,287
44.78S
516,558
117,179
163,162
2.S8.689
a31,ti62
82.988
87.758
24,020
99
126,377
2,754
43,b42
1,872
21,300
None.
400
400
5,900
1,500
None.
2,100
2,000
2,500
6,500
2,000
None.
None.
8.000
4,500
11,500
11,150
9,000
136,362
15,240
5,245
11,825
4,140
11,355
123,641
29,715
23,900
7,300
65,850
337,523
29,694
27,408
13,949
9,949
94,722
78,338
490,224
629,737
sharply under a decline at Liverpool, increased receipts at the
Ports and great dulness with some decline in spot cotton. On
Tuesday, however, with Port receipts again pretty full the
market showed less depression, fhictuating within narrow
and on Wednesday there was a decidedly buoyant
opening, due to a smaller crop movement and the much larger
spot business at Liverpool, which, with some speculative
manipulation, carried prices up 10 points for this crop and 6
points for the next. Liverpool disappointed our buUs on
Thursday, being less active on the spot, and Bombay reported
a movement much greater than last year, and under these influences there was an early decline which, however, was
nearly recovered in the last hour, when the increased activity
in spot cotton at Southern markets was reported. To-day a
weak opening under a report from Liverpool which disappointed our bulls was followed by a recovery, most decided
the early months, due to the reduced stocks reported from the
interior towns of the South, and the greater strength of the
spot market here. Cotton on the spot declined l-16c. on Monday, and again on Tuesday, and remained very dull at the deToday there was an advance of l-16c.. Middling
cline.
Uplands closing at 11 7-16c., business, however, remaining
almost at a standstill.
The total sales for forward delivery for the week are 304,500
For immediate delivery the total sales foot up this week
bales.
for export, 361 for consumption,
361 bales, including
bales
in transit. Of the above
for speculation, and
were to arrive. The following are the official quotations for
•ach day of the past week March 33 to March 38.
limits
;
m
—
—
—
—
UPLANDS.
Ckdlnary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
S\
Fair
12''8
GULF.
.*lb.
9
8l5lB 8'8
9%
95,6
1014
10!,6
10% 1011,6 10=8
!ll>4
1M,6 11^8
li'ie
119l6 Ilia
Ill% 1111,6 11=8
12
1116,8 11''8
121,6
123,6 1218
1258
128.6 I2I2
113% 131,8 13
9't6
1105,6
Middling
Good Middling
Good Middling.
Middling Fair
Strict
Fair..
STAINED.
9!i,
9ije
915,6
10%
lO'^a
10^8
11 '16
Il'l8
11%
11-^
Frl
8l'l6
9>6
91^6 10
10%
11%
lli%
.*lb.
I
8=8
9>4
8»,6
93,6
8ifl
918
101,0
10'6i, 10^8
llOhi 10 le
Ix)w Middling
Middling
8-'8
8'8
95,6
103,6 10 'i>
10=8
10%
Ills
llie
10li,6
11>4
117,8
11U,6
Ill
9%
lOH
ion 16
113,8
in,6 11>S
11=8
11=8
H'8
ll's
121,6 121,6
121a
121s
13
Mon Tnes Wed
Sat.
.
8%
IVHf lH3ie ll'»16 Ifg
I2I4
1214
12i,B
12is„ 12% 12% 12% 1213i6
Mon Taes Wed Tb. Frl.
!
Middling...
Good Ordinary
Strict Good Ordinary.
8=8
125,B 121*
Sat.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Wed Tb.
1115if ll'^s
12%
.
9i4,e
lO'je 10%
10io,e lO's
lis,,
ll^lg 11'4
11>2
ll'is 1138
11% liu,e 11»8
,
Low
10
8»8
Ill
Middling Fair
Strict
8iiie
9'i
101,6
10»3
I
,
Low Middling...
Middling
nion Xaea
Sat.
.*lb.'
Good Middling
Strict Good Middling.
8H
918
10i,«
lO's
13
lii'ia
1116,6
1218
129,6
131,6
Tb. Frl.
8^2
9I8
93,6
101,6 1018
101=,6
lO'a
112.149
251.138
174.853
83,262
569.464
124.026
93.919
25,7«0
The total sales and future deliveries ejich day during the
week are indicated in the following statement. For the
convenience of the reader we also add a column which shows
at a glance how the market closed on same days.
SALES OF SPOT AKD TRANSIT.
SPOT MABKET
CLOSED.
Sat.. Quiet
Mon. Quiet at 1,6 dec.
Tues. Dull at 1,6 dec.
Export.
'.'.'.'.
Con- Spec- TranTotal.
tump.iw't'n
Steady at
1,6 ad.
'.'.'..
FIJT0KKS.
lyiiv
1
66
225
66
225
Wed. Steady
Thur. Dull
Fri...
Total
453,f-eiS
300
None.
MARKET AND SALES.
129,498 470,927
602,340 1,632 296
44,';89
<?harleston
West Point....
VportNws, &c
Sept.
Exported to—
Total
Mobile
Savannah
'Bmnswick
Wilmington...
Korfolk
From
Exported to—
JExporta
8,000
None.
None.
in cotton for future delivery in this market
was without feature on Saturday, but on Monday declined
2,444
eince 8ept. 1 15570,370 5226,837 5094,O37i5040,883!4850,597!4579,287
Slock.
ToteU.
Estimated.
809
537
1
Kite.
The speculation
Strict
Galv'ston, &o
.. ..
Ooast-
France Foreign
Other ports....
5,058
620
387
93
4
10
Other
Great
Britain.
1,000
9,000
3,850
7,000
400
200
266
408
Shipboard, not cleared—for
4,000
None.
None.
None.
None.
None.
800
None.
Total.
Fri.
li.
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 named.
New York, which are prepared for our special use by Messrs.
Lambert. 34 Beaver Street.
Carey, Yale
.
SeeeipU at—
[Vol,
76
36l!
Salet.
34,400
62,300
40,000
64,700
54.900
48,200
....
"id
....
361 304,500
1,410,814 4,405,057
28,094' 90.254 2.433 202 360,141 r27o.487 3,998,833
daily deliveries given above are actually delivered the
previous to that on which they are reported.
The
eri*'.
....
....
day
March
THE CHROlNlCLE
39, 1890.J
Thb Sales and Prices of Futures
are
shown by the
following comprehensive table:
iid
a
S
3-
n
r^tisg
CO
'—
I
na
^
a
tror
;fl
'
ao
;
2.?'
;
O'."'
5
'
|£&
i
(t>
(9
<x
To.
c*-*
'^vS
.
§3
diii
5 o » S*
«_.
;
3:
3;
if;
3:
2m
I
<?-
IE?
» <
«
O
OfKl
~
Btocli at
I
M
^1
Si.'**
,B.MW<0
10
MM > MM > MM
< MM
WU
ODtU
*:'*:'
61
e?*:
MMODM
M
tf
5
S
"^
MtO
17M
©r:
MM^^M
I
-!0m
MMOM
-Om
(%
MM t^
MM
MM 5^ MM
MM V
5
5
>^>-'
OQO
5000
ei«:
mmcCh
1
MO-.M
M — QDM
t2T
<l
©OQO
MM ^ MM ^
I
MIO
2
rf^rf^
WOM"'
SP:
9.-^;
rfkOM^
MMOM
MMO^ MMOM
O*.
I
I
o
*-*
^M
;»
«>^'
I
O
C
MM
b>
00*-
•
mui
CO
if*^
2
MGCM
UO50
10
cou
I
o
o
COCO
2
o
MM
1^
2
t
rf^*^
2
'^
AM
5
OOOM"
9.-":
OCO
®
diot
2
1
>ut^
2
<^M
'^
iM-*L
MMCfM
COCJl
Co
c;irf*.
2
I
SI?;
QiQi
U,
MM ^ MM ^ MM
'^'^
5
2
cniu
91®:
MMIOM
>-^>^
I
C^^CP^CH
b».
5
COMM"^
2
COOM^
Ci*l(>.
'C
O
CO to
I
-01MO>-
9? ?
2
0000
*>-o
1
ai.":
I
2
"^
?1
^
».«:
MM
MM
t^
5^
c^cn
2
"
(OM
It^ The imports
5
1
2
8.":
!J
0000
KlCO
1
1
2
'^
*qO
t»
oij^
2
9m
)_.>_iCOm
99
^^
c;^
M- > MM 5^
<
99
99
99
Ot
1^1^
2
2
^
c;icn
toto
ro
«.«:
si.«:
MMCOM
oi(**.
MO
I
2
"
8.«:
CIt
t^ffi.
"»
cjt
ol
2,665,892 2,522,460 2,656,596 2,756,838
873,000
344,000
251,000
403,373
117,235
22,784
652,000
183,000
330,000
584,946
158,109
10,005
678,000
215,000
777,000
280,000
23.5,000
4'i20,000
708,075
245,601
5,920
541,192
121,932
23,714
2,011,392 1,918,060 2,087,596 2,163,838
—
242,000
15,000
84.500
292,000
21,000
194,000
13,000
99,400
272,000
26,000
190,000
21,000
115,000
205,000
38,000
182,000
14,000
96,000
250,000
51,000
654.500
604.400
569,000
593,000
2,011,392 1,918,060 2,087,596 2,163,838
into Continental ports this
week have been
week, and since September
1,
—
1*^
<
o
"
2 3
MM<IM MM^-.M
I
opgo oooo 0000 0000 ©000
*
CJlUI^CJt
to
© ©CO 00 MM O o^ o
250,000
420,000
51,000
541,192
121,932
23,714
is the receipts
the shipments for the
week and the stocks to-niglit, and the same items for the
corresponding period of 1888-89 is set out in detail in the
following statement.
for the
t».
<
2
205,000
235,000
38,000
708.075
245,601
5,920
At the Interior Towns the movement—that
1.^:
..'1
MM
272,000
330,000
26.000
584,946
158,109
10,005
292,000
251,000
31,000
403,373
117,235
22,784
The above figures indicate an increase in the cotton in sight
to-night of 143,432 bales as compared with the same date
of 1889, an increase of 8,296 bales as compared with the
corresponding date of 1888 and a decrease of 90,946 bales
as compared with 1887.
M — tOM MMtOM
MMtO"
0000 0000 0000
oopo 0000 ocoo
o xoo^ 00 CC 00*00
o * o -40D®-a obob^ob
COtO
M
CO*^
I
42s,500
97,000 bales.
I
-4~)
376,000
400
Total visible supply
2,665,892 2,522,460 2,656,596 2,756,838
eigd.
Oil|«d,
Price Mid. Upl., Liverpool....
S.iied.
599d.
PriceMld.Upl., New York....
llTieC.
I0»80.
9i6itC.
103i,.c.
»>•
"•Cll
M
330,000
400
1,558,500 1,141,400 1,219,000 1,349,000
Total East India, Ac
Total American
SI*':
SI.®:
si.«:
«.»:
M^M
MMOM
MMOM MMOM
"MOM MMXM
MMOM
Oi enc^Mci'
l^l^O,^
to
f^
MM >
00
00
I
282,400
'^
ci®cft
wi^
"^
M^M
cn
CO
MM
Total Continental stocks
Total American
East IndiuUf Brazilt dtc.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat
"l
&®r":
MOM
MOM
J4,u00
1,400
United States Interior stocks..
United States e.tports to-day.
1^1*^
Si.^
973,000
3,300
40,000
24,000
239,000
6,000
46,000
6,000
11,000
Liverpool stock
bales
Coutlncntal stocks
American afloatfor Europe...
United States stock
MM >
^t <2
I
830,600
4.000
47,900
20,000
400
700
Total visible supply
B)*':
00-q
859,000
2,500
81,000
18,000
Of the above, tiietotala of American and other descriptions are as follows
Amerxcan —
MMOM
coco
I
'^^2'r
CllO'^W
I
\a>i7.
f^Bft-Q
171,000
3,000
73,000
5,000
5,000
Stock in United States port.s ..
Stock in U. S. interior towns..
United States exports to-day.
MMCPM
M MO M
MM >
5
cjicn
CJItO
;co
!*
':
1888.
868.000
21,000
18,500
136,000
4,000
56,000
7,000
0,000
Amer. cot I'd afloat for Europe
EgypUBrazil.&calltforK'rpe
w« 2
SI,":
MMOM
MMOM
cow
1889.
846,000
13,000
Total Great Britain stock. 1,130,000
Slock at Hamburg
3,200
Stock at Bremen
137,000
Stock at Amsterdam
7,000
Stock at Rotterdam
SOO
Stock at Antwerp
6,000
Block at Havre
155,000
Stock at Manjellles
3,000
Stock at Barcelona
92,000
Stock at Genoa
20,000
Stock at Trieste
5,000
Total European stocks
India cotton afloat for Europe
>.
eS
I
(»•
oboD
coccOco
MM
5^
MM ^
MM
MM
MM
Bi«:
MMOM
ll^
MMOM
mO>
15,000
2
.uOc,
i.
S
COCO
London
:
I
Sip:
MM
MM
MM >
i MM
too
2
lOW^M
^'^'
^ MM
C0»
I
I
goto
I
SI
2
b»
M»
I
MMil^M
^
Mf*
I
'
SI.®:
e?:
e*-:
MMOM
MMOM MMOM
'r"r2*^ MMOM MMOM
1
too
b.
lo
MM
MM b5
ex CO
ciCO*M
coco
^
5
t-'r-
s»
O
1890.
bales 1,115,000
Bcook at Liverpool
5-
;
The Visible Supply or Cotton to-night, as made xif by cable
and telegraph, is as follows. Tlie Continental stocks, as well aa
those for Great Britain and the afloat are this weekV returns,
and consequently all the Euroi>ean figures are brought down
But to make the totals tlie <;omplete
to Thursday evening.
figures for to-night (Mch. 38), we add the item of exixjrts from
the United States, including in it tlie exports of Friday only.
s-2.S<
»
'^
«.
455
sis £2 S
g
f^S"
g
jr5r«-^9
2 =» 2
:wSi?=g.=
3
a
532
-5
Eg
tfi
to
00
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OM
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t>
<
M
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9|
10
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;
1
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ce
Si:
s.^':
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s
MMCOM
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:
1
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s>==2."'
Sr
•
i
Ei Pi
:
:
1:
tCiU
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00
5
2
coco
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10 to
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o
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is.
c;ic;t
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^
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s.
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10 to
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to;
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coo
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coco
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00
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cx)X'tco(joootOQiH'Vtc;ic&
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coco
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coco
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MMCOM M OM M tOM M — OM
o 00 0000
9929 9CO 29
Oco coco®co
CO
M °co
_OIj^__C0
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I
oopo
:,T z)t *».
W Ut_;J W M *»P 00 W OS *»*><» p 00 M QD <0 CO
^
C Qc M 1^ tc en 00 c^ re ^- CO O U W •^ cc to O
c;io©Moit3ooc;»«totoco^«xifr>*kvjx'
'
CO
©©
©o
;
M «i
2
,
COCO
coco
sgpg^-gg; f
''
M <1M MM<1M MMOM
o 00 OOP© 0000
tOKI*lS a O ei
1
CO
<i
2
^
•*
00
^
».^:
MMCOM
00
9|
2
eoco°co
CHOI
:
©00©
OO^OSIOKIMCO
CO**"
ootopaMOccococo
I
CO
•f^
01
MW tC_>-'W WMWOO
M I— M «4 O OS OD^M O M CO OD ffiC O" b»
10 CO O CO to CO CO CO M C;tO C OD C? to H> O kO CD
<1_J0
I
I
CJI
I
oii-*c;'p^<oi-'^cototocnoaDp(*xoc;<"j<«
C;ik0--4Ot
1
I
I
I
GO*
I
CSMCOt^MWh•t»cccouocco
en 33 CD 03 too
*
Includes sales in September, 1889, for September, 147,600: September-October, for October, 640,600; September-November, for November,
636,200: September-December, for December, 957,20j; September,
January, for January, 1,570,100; September-February, for February.
700 April for June.
600 Apr. for May.
100 Sept for July.
,100
100
May
for July.
April for May.
•10 pd. to exch. 100 Mch. foi June.
•56 pd. to exch. 5Q0 Sept. for Mcb.
•11 pd. to exch. 500 Men. for Aug.
05 pd. to exch. 100 Mch. for May.
-vi
)b>
c;i
a
M
^^
o:0D*q»cfl*j-Nj
Xw
cooDlo'io'bcViV/ciCccVilj-^ffi'j^wxV
X -4
O 50 05
tOOWtf^Oi —
CC <I h- OS to
OGCXO^CCJ'tO'—tOO'^XO'.— ^"-J^*.*--
ODO
-acowoii-'
CO'-'COOSQ
00
t-»
to -a
The following exchanges have been made during the week:
01 pd. to exch. 100 Aug. for July. 08 pd. to exch. 100 May for Aug.
exch.
exch.
exch.
exch.
exch.
c;i
tt^
M00MO:_^WC3|OtO_JCC3«MppCK>_»OW5O
Included in tbe above table, and shall continue each
week to (five, the average price of futures each day for each month. It
will be found luitier each day followlnt; the abbreviation " Aver " The
average for each month for the week is also (flven at bottom of table.
Transferable Oritera— Saturday, ll-40c.; Monday, ll-30c.; Tuesday
11-30C.; Wednesday, 11-400.; Thursday, 11 -300.; Friday, 11 •45c.
to
to
to
to
to
tCk> itk-
CO )^ to rf>.^ rococo 00 -4
o; -^ oi CO
^F° We nave
pd.
pd.
pd.
pd.
pd.
CO 1^ o
M 00 OD CO a to 00 a
O O O a CD to M M OD CD Oi 00 to Oa tC CO
CO C3 1(^
eoci
"
1,125,100.
•10
•06
•67
•10
•04
rf^
Oi
CJi
C;.CC
— r- M oj o
•(»•
— CO (- -g ©
It-
to
(Ti
« 50
O
>- H- CO -J to
t-* I-*
:
:
CDOOCJ'h-'a*
:
H*
O
CD
-^l
t" or CO CO
^ Oi
Ojf^tOtO COM
t^*3CC^^<J^& — Sotcoi(k.
©too- toaMtON-ocooaDcooo-
WCOOll
M MMCO
W
I
I
tO(^tO<-'»-'»-t000(
BtOtOQDtOOtM^-^J; QD-4|f»'Q0*t*>OM
MODt^
oocctfiutoeo^to: <ixi(-tot^^cc$|
•^ODC
=
i^tf^OCJ»M>-'Oa5i^^^-
1889
1889 figures are tor Palestine.
Lonlsvllle In both years are " nat."
1
l)^
p
JfC?
>t»-C;'CO01Xt00&
,
K»
flguces are for Petersburg,
\
Tblc year estimated.
V»
THE CHRONICLE.
456
The above totals show that the old interior stocks have
decreased during the week 35,209 bales, and are to-night 40,874
bales less than at the same period last year. The receipts at
the same towns have been 4,540 bales less than the same
week last year, and since Sept. 1 the receipts at all the towns
are 43.458 bales more than for the same time in 1888-89.
Quotations for Middlino Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
CLOSING QUOTATIONS FOB MIDDLING COTION
Week ending
March
28.
Galveston...
New Orleaus
Mobile
Jfon.
Tues.
Wednes.
Thurt.
FH.
1015,6
101»1B
I0i5,e
1016,6
1013 ifi
lOiSia
1013,6
10-6ie
1011,6
1013,6
1015,6
1015,6
101 ',«
10^5,6
1013,6
1013,6
10%
10%
10%
10%
10%
10%
10%
10%
1015,6
101i,6
1013,6
lO'a
lO's
11
11
ll»g
11
11
1158
Charleston.
101 ij 6
10?i
Wilmiiiijton.
10 »4
Norfolk
11
11^8
S.ivannali...
Boston
11%
Mempliis
...
.
Ws
11
Louisville.
..
11>8
ll'is
1111,6
lO's
lO's
101-16
lO's
11
11
1015,6
lO'e
11
11%
lllfl
im
1
lOia
|
11
lll4<»38
1111,6
nil,.
The closing quotations to-day (Friday)
Southern markets were as follows:
10% Little Bock .... lO^a
Atlanta
ColmnTius, Ga.
10%
11%
lO^s
idha
I0i5,e
lO'e
11
Ilia
lOlBis
Louis
Cincinnati
3,6
101.1,6
imxss 1114®%
Baltimore... lll4"% 1114®%
1111,,
1111,8
Philaddyliia
lo^e
Augusta .... 10% » '8
St.
10
Montgomery
.
.
1012
Hl4®38
1111,6
11
1015,6
lO'a
11
at other important
Kaleiglj
11
Rome
11
I
EnitngFeb. ai.
.
1689.
1890.
69,084
98,350
96,593
83,219
88,008
83.554
51,735
38.54-
••
88....
63.902
7....
73,169
47,333
3J,3
33,?e6
"
'•
U
21
28
St'fc
H88.
Mch.
••
—
Receipt* at the Portt.
rreek
ot Interior Towns. Rec^pts from Plant 'n*.
1889.
1890.
1689.
1889.
1890.
51.573' 41.005 282.737ll75,81* 128,127
19173
73.608
10,020
58,868
19,29)
61,631
31,576
63.256
410.060 195.628 154,150
69,197
39,SSC
51,SS0
29,695
3J,l-a
Hl.flSS
80.088
8».a73
1888.
350,611 aB7,515
3ai,B«S 270,072 822,0-0
302.503 aid,' 02 198,97ti
481,870 215,2-0 J76,M0
The above statement shows:
1.
the plantations since September
—
84.
—
Augusta, Georgia. We have had rain on two days of the
week, the rainfall reaching ninety-nine hundredths of an
inch. The thermometer has averaged 64, the highest being
and the lowest 45.
Columbus, Georgia. Rain has fallen on one day of theweek to the extent of twenty-one hundredths of an inch. The
thermometer lias ranged from 49 to 73, averaging 64.
Savannah, Georgia. It has rained on four days of the week,
the rainfall reaching one inch and seventy hundredths. Average thermometer 59, highest 81, lowest 47.
Charleston, South Carolina.— Ruin has fallen on three days
of the week to the extent of seventy hundredths of an inch.
The thermometer has averaged 64, ranging from 50 to 83.
Statetnirg, South Carolina.
Rain has fallen on thi-ee days
of the week (rather heavy on one), the precipitation reaching
one inch and seventy-one hundredths. The thermometer has.
ranged from 47 to 81-5, averaging 61.
Wilson, North Carolina. We nave had rain on two days of
the week, the rainfall reaching one inch and forty-one hun-
—
—
—
—
11
li^e
IOI2 Naslivillo
IOI2
lO's Selma
Columbus, Miss
IOI2
10% Slireveport
Eufaula
10% Natchez
Receifi'S From the Plantations. The following table
indicates the actual movement each week from the plantations.
The ligures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market tlirough the outports.
I
hundredths. Active preparations are being made for the next
crop on uplands. The river is tlm-ty-six and six-tenths feet
above low-water mark, and even with extreme high-water
mark and stationary. The thermometer has averaged 63, the
highest being 81 and the lowest 45.
Madison, Florida. It has been showery on one day of the
week. The thermometer has averaged 68. ranging from 48 to
84
ON-
Salur,
10%
60.592
37,553
33.406
17,557
11,763
—That the total receipts from
1889, are 5,686,083 bales; in
1
1888-89 were 5.387,095 bales; in 1887-88 were 5,333,944 bales.
2.
That, although the receipts at the outports the past week
were 41,065 bales, the actual movement fx'om plantations was
only 14,763 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 81,578 bales and for 1888 they were
19,173 bales.
dredths.
Average thermometer
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1888-89.
1887-88.
1880-87.
Keceipts at the ports to Mch. 28 5,570,370 5,220,837 5,094,037 5,040,883
Interior stocks on Mch. 28 in
excess of September 1
115,713 160,258 238,907
95,108
Tot. receipts from plantat'ns 5,686,083 5,387,095:5,332,944 5,135,991
795,511 779,99J1 816,752 623,233
Net overland to March 1
Southern cousumpt'n to Mch. 1 331,000 325,0001 300,000 250,000
Total in sight March 28
SHpme- Ut IhU
tear Great OonliBrifn. nent,
It will be seen by the above that the increase in amount in sight
to-night, as compared with last year, is 320,508 bales, the exce.'is as
compared with 1887-88
803,370
is
362,898 bales and
tlie
gain over 1886-87
Qreal
Britain
,
Shipments for
Great
Oonlinent.
Receipts.
1.
This
Week.
Total.
523,00081,000
573,000 60,000
317,000 60,000
349,00074,000
Since
Jan.
1.
854,000
868,000
585,000-
614,000
week.
t)ie
Shipments since January
I
Oreat
\,
Oonlinent.
Total.
10,000
8,000
13,000
10,000
19,000
24,000
43,000
36,000
62,000
60,000
1,000
1,000
5,000
5,000
4,000
2,000
9,000
7,000
2,000
2,000
1,000
2,000
3,000
13,000
23,000
12,000
10,000
25,000
33,000
5,000
4,000
11,000
9,000
16,000
13,000
37,000
52,000
59,000
48,000
96,000
100,000
Britain.
Oo7itinent,
Britain.
Total.
Calcutta—
1890
1889....,
3,000
2,000
Madras—
1890
1889....
All
others—
1890....
1889....
Total
all
1890
1889
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1890, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1889.
1890.
Shipments
Europe
This
week.
Jan.
72,000
16,000
88,000
to alt
from—
Bombay
All other ports.
Total
to the violent
storm at the West interfering greatly with telegraphic communication, many of our telegrams have failed to reach us
this evening. In fact, only fave reports of weather have
been received from points not in the Atlantic section.
Shreveport, Louisiana. Rainfall for the week three hundredths of an inch. Average thermometer 68, highest 86,
—
lowest 51.
Helena, Arkansas
have had sprinkles on three days of the
week, the precipitation reaching seven hundredths of an inch.
The overflow is spreading on the west side of the river and
some on the east. Here the river is four inches below extreme
high-water mark and rising.
Average thermometer 59,
highest 80 and lowest 43.
Leland, Mississippi. The week's precipitation has been
ninety-one hundredths of an inch.
The thermometer has
averaged 65'3, ranging from 49 to 84.
Nashville, Tennessee.
have had rain on three days of
the week, the precipitation reaching ttvo inches and eightytwo hundredths. The thermometer has averaged 58, the
highest being 74 and the lowest 37.
Memphis, Tennessee.— Thert> has been rain on three days of
the week, the precipitation reaching one inch and seventy-six
—We
,
According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipts of
21,000 bales, and an increase in shipments of 5,000 bales, and
the shipments since January 1 show a decrease of 50,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.
bales.
—
38.
ThU
Since
1888.
Since
This
week.
Jan.
Sitiee
1.
week.
Jan.
523,000
96,000
67,000
13,000
573,000
100,000
33,000
12,000
317,000
102,000
619,000
80,000
673,000
45,000
419,000
1.
1.
is
Weather Reports by Telegraph.—Owing
—We
Shipments since Jan.
week.\
_
^<"«'-
1890 34,000 38,000 72,000 135,000 3S8,000i
1889 27,000 40,00067,000 170,000 403.000
1888
33,000:33,000 69,000 248.0001
1887)2a,000l27,000|49,000 93,000 256,000!
6,812,594 6,492,086,6,449,696 6,009,224
Northern spinners takings to
March 28
1,585,116 l,580,101il,467,316ll,310,186
lowest
—
—
Amount of Cotton in Sight March 33.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to March 1, and also the
61, highest 83,
India Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to March 37.
BOMBAY RECEIPTS AND SHIPMENTS FOK FOUR TEARS.
,
1889-90.
[Vol. L.
—
Alexandria Receipts and Shipments. Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and .shipments for the past week and for the
corresponding week of the previous two years.
Aleteandria, Egypt,
March 26.
Receipts (cantars*)....
This week
Since Sept. 1.
1889-90.
1888-89.
1887-88.
22,000
3,078,000
12,000
2,639,000
14,000
2,823,000
Since
This
week. Sept. 1.
ThU
Since
1.
week.
Sept. 1.
3,000 235,000
2,000 128,000
1,000 207,000
3,000 120,000
3,000 222,000
1,000 131,000
5,000 363.000
4,000 333,000
4,000 356,000
ThU
week.
Since
Sept.
Exports (bales)—
To Liverpool
To Continent
Total Europe
*
A cantar is 98 pounds.
This statement shows that the receipts for the week ending
March 26 were 33,000 cantars and the shipments to all Europ©
5,000 bales.
March
THE (JHRONICLK
29, 1890.]
Manchester Market.—Our report received by cable to-night
from Manchester states that the market is steady for yarns
and firm for shirtings. The demand for foreign marlietH is
We give the prices for to-day below, and leave those
poor.
for previous weeks of tbis and last year for comparison:
Offutts Landinc;,
457
which occurred on the 18th
wa« not due
was burst with
inst.
to the action of the river but that the levee
dynamite. The Post claims that its information is entirely
trustworthy, and in support thereof gives a short description
of the levee, as follows
The levee was built in 1879, and was considered the safest
in the line. No timber was used in it, as none was grotving
there at that time, and the locality was an old chute of the
river, since filled up and covered with timber.
It is two and
a half miles from tlie river, and to reacli it the boats liad<to
cut a road through the willows and cotton woods. The levee
was 15 feet high, with a tremendous base, and, as it was 11
years old, was heavily sodded. The stage of the river lacked
two feet of the top, and there was no sign of slippins or
sloughing off from any part left. The fact seems to ue established that it was split open by a dynamite cartridge by some
person unknown.
Satisfactory progress has been made in repairing the breaks
along the lower coast of Louisiana, but it has been impossible
as yet to do much toward closing the crevasses in East Carroll
:
1839.
1800.
(JolPn
32« Oop.
8I4 U».
Twilt.
SMrlina:
d.
d.
K'bai 85n»8%
" 2818% »8%
d.
8.
Hid.
32< Cop.
XJpld*
lv>i$l.
d.
9.
s.
j^i^
jjpi,t.
d.
7i»i8*87t(. 6
1
»7
eiie
7i5i«»87i.
18
1
7l6i6®S']6«
6>9
6>a
eig
7i5|ea87ie|6
7i5i6»8'i»!6
1
1
1
»7 l»!s
®7
®7 Ihi
w? IH
5'iie
1
•»7
sni.
6
®73
,.
d.
d.
A.
d.
8.
2»a»7 l'^
6 3 *7 3
Nominal.
Mch.7!8^lg«8ii,.
" 14'3»i«»8H,f
Nominal.
" 21 85i«'<*8Uie
Noiulnul.
" 28 8»,«»811i«6 2
\Onien
„,
8>4 lb:
SliitUngi.
l7i»ii.>t87|.ia
l>a
m
mi
East India Crop.— The following is from Messrs. Gaddum,
& Co.'s report, dated Bombay, February 21:
Bythell
In the up-country ui«rket8 receipts still keep up, and notwithstanding
the intervention of a Hindoo Uoll(I»y, which Interfered with suppUoi-,
Broach and
there is an increase on the previous wcelt's tiKuris.
Dhollera crops are now comluK to market, and picking and Kiuniuj; aie
being piiahpd on as fast ai posslhle. Dew is faUins plentoonsly in the
Broach districts, and tlie elfect on the plants is noticeable: the pcds are
bursting rapidly, and the quality of the seed cotton Is very much
Improved.
The final report of the Revenue and Agricultural Department of the Government of India on the cotton crop of 1889-90
in the Northwest Provinces and Oudh was issued at Simla
January 30, and is as follows
:
Jtainfull. —'£ho rains set in much earlier In 1889 than in theprecedtng year, and in the Gangetlo Doab and Bundelkhand, whicli are the
principal cotton tracts of tlie province, the early showers were generally
fight and with must oppoitUGC intoivals hoih for sowing and weeding
the crop. This restored the cuHivation ofcottou to its normal area, and
a bumiier crop W.1S expecicd in moat parts of iho piovinceup till the
end of August. In S- 'ptpmb rtho rains proved very fcanty and the crop
drought, a largo uumbsrot flowers
suffered to a certain extent In
falling oB' without liearin.s; a pod.
jl)va.— The aiei dealt with in this forecast is taken from the kharlf
oroi) abstracts hied b.r patwari!*. These returns liavo been received
from all d'Stricts except Saharaupur, Mu/alTarnagar, Jhausi, Az»mt:urli,
Gorakhpur and a i>r>ition of B:isti. For these (iistricts an approxiniatt;
estimate lias been made, bascii on the comparative inoreaee or decrc iff
repurted by Zamiiulars over last year's area. The total cotton area tints
returned and estimatid for the entire province amounts to 16,5!),»90
acres, which is 2,5y,S55 aci-es in excess of the preceding year's area, and
only "23,000 acres short of tiin avo age area occupii d by cotton in the
four years preccdi ig 888-1839. The increase occurred mostly in the
districts i)f Mainpuri, Farukhabad, Etawah, Cdwnporo, Jalaun, Huniirpore and Banda, in which districts the cotton area in the previous year
liad been exceptionally small
Area in
Area in
188990.
188f-89.
Mainpuri
Acres. 41,948
56.201
Farukhabad
18,493
41,540
Etawah
55,444
70,348
04,719
105,H0e
Cawnpore
m
1
Jalaun
38,2li5
..
Hamlrpore
toUowiog
Mecrut
Agra
18<t4-85.
18S5-8".
Acre*.
Acres.
861,697
517.131
184,738
427.231
_
.
Kuhlllihand(lncl Taral)
Allahabad
Benares
.
_
.
.tiJ.QSS
4S!H.779
252 675
411.978
7,828
9»,1S4
JhinsI
N.-W.P
15,806
80,616
1R86-87.
Acres.
40K.1B8
577,019
233,148
460.870
19.280
95,480
96,411
is
1887-88.
Acre?.
850,618
438,432
222,840
8B1.711
14,7m
57,207
shown
In the
1888-89.
Acres.
372,850
448,654
18S9-9(i.
Acres
412.447
527.984
183,175
361,623
8.452
8S,778
I7(l.3flH
282.871
9,520
63,104
1,669.649 1,587,117 1,789,735 1,445,627 l,i;41,665 1.584.459
41.012
37.202
60,546
38,630
27,617
30.030
43.D45
28,027
;<9.089
38.623
27,606
32,610
1,842
3,693
2,601
1.8:2
1,197
988
2.046
2,509
3,316
1,898
1,451
2,197
I.UCknow
SItapur
FjZibad
Kae
from 1884-85 to 1889-90
in each Division
table
Division.
Total
57,76.5
8Z,'i92
65,455
82,819
Banda
The area
Baroll
St. James Parishes.
Work has bean commenced on the
break at Offutt's Landing in Mississippi.
Altogether a considerable area of rich cotton land in Mississippi, Arkansas and Louisiana has thus far been inundated.
Late reports state that fully one hundred thousand acres of
cultivated land are overflowed, but it is anticipated that the
water will recede in time to permit of the planting of the usual
crop of cotton. The losses through the destruction of houses,
farm buildiags, stock, &c., and, last but not least, the bursting
of the levees, have already been heavy.
and
Domestic Exports of Cotton MANOFACTtniES.—Through
the courtesy of Mi'. S. G. Brock, Cliief of the Bureau of
Statistics, we have received tliis week a statement sliowing the
exports of domestic cotton manufactures for February, and for
the eight months ended Feb. 28, 1890, with like figures for the
corresponding periods of the previous year, and give them
below:
Quantities of Manufactures of Cotton (colored ami uncolwed)
exported tn
...
88.245
95,763
72,030
80,487
57,770
74.831
Tot. N-TV.P.* Oudh. 1.857,894 1.659,147 1,885,487 1.528,061 1,E»9,433 1,659,290
Condition
and Otitlurn.—Tba following
table shows the condition
in each division of the
and outturn of the present year's cotton crop
—
.Mexico
Central American States
British Honduras
West Indies
and
ArKentine Republic
Brazil
ijnited States of Colombia...
Othercountrtes in S.America
China
other Countries in Asia and
Oceanicu
Atrlca
*'
.167.008
786,228!
'*
1,001,932
69,094
782,359
96,4^8
"
"
"
"
"
Conditon in No.
of annas, 16
at denoting
<
Division,
Meerut
Agra
„
M crop.
8t..t,872
1,903,412
8,78u,7-,4
782.!'90
391.85.'(
38,749
493.700
792.599
134.549
"
287,';98
12-0
10-5
303,313
82,172
167,718
2,731
34,760
2,370
14,220
12,318
561
110
10-0
:
Taral
Lucknow
,
Sitapur
Fyzabad
Eae Barell
in emit.
110
110
100
120
110
12-0
9-0
Total values of above.
Value per yard
1581,431
1-0717
t8:^,014
117,328
13,298
3:0
5.472
27.926
21,911
129,835
678
Values of other Manufactures of
Cotton exported to
Qreat Britain ana Ireland
11-0
Tlie figures relating to condition are based
Qermany
KrHDce
Other countries
British
Europe
North America
6,278.366
9,8S3,6SH
S,09>i,f25
U
0,422,8
1,286,482
11,357,«17
10,299.188
59'i,57«
6,b83,29S
5,7»S,5»9
7.029.669
2.242.185
4,468,538
2.071,3^4
14.291.791
l:i.994,5iia
7,480,666
4.351.091
2,8gu,803
6,744,691
3,464,981
15,419,911
f5,0«»,7;l8
0728
r0711
«246.2e4
19.955
0.4.9
23.436
tSlS.PST
&,>S88,ST2
in
—
Amerlcaa States A British
Honduras
West Indies
6,304
1,160
31.181
15,984
15,773
12,400
190.834
132.999
191.9,88
l<j,58«
137.694
1,970
53.486
63.136
18.984
76,f«l
Central
3,878
7,918
8,084
7,883
20,920
261
924
ii:£4,477
40,019
70,228
48,601
67,703
204,305
5,293
S.494
17,824
13,0 12
tl 30,865
tI26.792
tl,083.027
11,136,693
t693,29e
)M1.80e (6,502.938 ««.80e.431
United Stittes of c:olombla
Other countries in So. America.
Asia and Oceanica
Total value of other manufactures of
^ Kgrenat e value of at 1 cotton goods
.8.341
1,579
4,973
16,043
919
0,11I»
Exports op Cotton Goods from Great Britain.— Below
we give the exports of cotton yam, goods, &c., from Great
Britain for the month of February and since October 1 in
18^9-90 and 1888-89 as compiled by us from the British Board
of Trade returns. It will be noticed that
the movement all to pounds.
we have reduced
966
•89-90.
on bulletins received from
I
in the Mississippi
1,S?0.474
300,788
5,526,758
Cloth.
1
908,957
Zemindars wlio enrolled themselves as con espondcnts in 1884, while
the outturn lias been calculated by applying the standards of full outturn Uxed for the dilTercnt parte of the province to the condition and
area returned for 1889-90. The total outturn thus arrived at excef ds
the outturn of the preceding year by 90,iJ00 cwts., and if 100 be taken
to represent the average outturn of the preceding live years, then ths
outturn of the present yearst.inds at 111. In 1886-87 an exceptionally
gool crop was estimated to have yielded 55,000 tons; this year's crop
put at 45,000 tons.
The Hioh Water.—The water
6,857,497
1,434,927
—
larn42hrMd.
Total.
5.144,6;'5
12.02i.874
Total y&rds of above..
Other countries
Outlurn
'd86,37'
156,838
581,281
212.444
1,277,(28
"
188a
1890.
1,981,570
K;k.60«
81,916
922,135;
*'
other countries
Feb. 28. 8 mot. ending Feb. S9.
1889.
75<.584
H11.596
21,915,
499.082
Africa
province
kohilkhand
Allahabad
Benarfs
Jhansi
1890.
yards
and Ireland
"
other countries In Europe
"
British North America......
"
(Ireat Britain
Mexico
Total Gndh.,
Month ending
—
and
October
November...
December...
Lbs.
23,217
23,914
1888-9. 1889-90.
Lbs.
Tds.
423,446
427,762
395.834
•89-90. 1888-9.
Tds.
462,527
435,840
898,609
Lbs.
76,990
77,775
71,970
lolal of Att,
1889-80.
Lbs.
1888-9.
Lbt.
IIO.IOS
10l,«81
20.808
26,010
22,037
82,176
72,490
92,378
M.ees
Tot.lst quar.
67,469
70,-i23 1,247,042 1,297,066 826,785 235,830
294.204
306.068
January
February
23,011
23,111
24.421
21,667
98,832
105,716
101.553
95.757
413,718
447,120
tribu-
tary rivers continues at a very high stage, and since we wrote
last week there have been several crevasses, the most serious of
18S8-9.
Stockings
an<:
gondrr artlcl SS
Total exp orts cot tonmainnfsotare 8
431,429
75,821
408,044
81,206
84.098
79,244
78,442
74,190
100,237
101,689
8C8|
on
10,17«|
BJtn
609,732' 513X91
which were at Woodstock, Miss., and Chicot, Arkansas, on
The foregoing shows that there has been exported from the
Sunday last, and Skipwith, Miss., on March 26. At this latter
United Kingdom during the five months 509,732,000 lbs.
point the break is now over six hundred feeet wide. An article
of manufactured cotton, against 513,591,000 lbs. last year or
'
in the Vicksburg Post of March 32 states that the break at a decrease of 3,859,000 lbs.
THE CHRONICLE.
468
[Vol. L.
Jute Butts, Bagging, &c.— A steady inquiry for bagging
The liXPORTS of Cotton from New York this week show a
and buyers are filling their orders for moderate decrease compared with last week, the total reaching 8,837
bales, against 15,498 ba.les last week.
Below we give our
^ots at 6i^c. for 1>^ lbs., (i%c. for 1^ lbs., 73^c. for 3 lbs, and
usual table, showing the exports of cotton from New York,
Not much business is being trans- and the direction, for each of the last four weeks; also the
8J^c. for standard grades.
acted in jute butts, and the market is nominal at l'60@l-''gc. total exports and direction since Sept. 1, 1889, and in the last
column the total for the same period of the previous year.
for paper grades and 1 J^@3i^c. for bagging qualities.
BXrOHTS OF COTTON (BALESV FROM NBW YORK SINCE SEPT. 1. 1889.
Comparative Poet Receipts and Daily Cfop Movfment
Week EndingSame
A comparison of the port movement by weeks is not accurate
Total
period
Sxporltd to—
tince
as the weeks in different years do not end on the same day of
March' IfarcK March March
prevUntt
Sept. 1.
13.
6.
20.
27.
the month. We have consequently added to our other standing
year.
tables a daily and monthly statement, that the reader may
Liverpool
9,34722,358 7,691 3,630 339,293 409,793
constantly have before him the data for seeing the exact relative Otbcr British port*.. 1,3021 3,010 3,968
1
68,532 121,103
The movements since
movement for the years named.
Tot. TO Gt. Bhtt'n. 10,649 25,308 11,659 3.631 407,825 530,899
Sept. 1. 1889, and in previous years, have been as follows:
is reported,
—
'
I
I
I
Havre
Ttar Beginning September
MoKlhly
tteeeipU.
561,710
Bept'mb'r
1887.
1888.
1889.
654,776
332,017
1.
1886.
1885.
359,203
1884.
385,642
345,445
1,325,358 1,133,016 1,213,404 l,034,45oll,055,524 1,090,385
Kovemb'r 1,257,520 1,159,063 1,178,436 l,197,259ll,083,552 1,122.164
Deoemb'r 1,116,928 1,103,713 963,584 l,164,886ll,069,920 1,104,211
October
700,909
410,044
January
February
527,570
311,274
718.091
461,201
644,681
404,272
543,393
414,656
475,757
261,449
Total .... 5,372,469 4,907,101 4,879,044 4,801,751 4,552,687 4,399,411
Pero'tageof tot. port
90-30
87-09
88-45
84-.S6
92-11
recelpta Feb. 28
This Statement shows that up to February 28 the receipts
at the ports this year were 465,368 bales more than in
1888-89 and 493,425 bales more than at the same time in 1887-88.
By adding to the totals to Feb. 29 the daily receipts since
hat time we shall be able to reach an exact comparison of
he movement for the diflEerent years.
1887-88.
1889-90. 1888-80.
,907,101 4,879,044
Tot.Fb.29 5,372,469
11,189
Ucb.l....
"
2....
"
"
3....
4....
•'
5....
"
6....
"
7....
"
8....
"
9....
••
"
«
"
S.
7,417
7,487
12,981
5,401
18,779
5,520
22....
23....
"
" 24....
"
8.
10,725
14.503
" 27....
" 28....
6,441
10,846
3,444
S.
11,604
14,039
6,682
9,789
26,092
6,483
8.
" 26....
8.
6,073
12,389
4,604
6,024
12,958
21,68f
16,067
S.
8,67;
6,943
6,086
4,389
8,841
5,405
S.
8,788
10,285
3,869
2,976
9,894
25....
11,247
17.511
9,212
8,351
16,020
6,980
19,014
14,13C
8.851
6,080
6,394
3,035
9,067
5,253
" 18....
" 19....
" 20....
" 21...
S.
13,79fc
S.
" 17....
14,09l>
ll,l2b
10,764
17,836
8,097
9.286
7,577
10,760
6.384
lf,208
5,120
10....
11....
8,316
S.
S.
12...
13....
" 14....
" 15....
" 16....
,"
22,226
12,129
9,652
11,079
4,873
5,845
8.
5,365
6,063
4,001
1886 87.
1885-86.
1884-85.
,804,751 4,552,687 ,,399,411
14,084
8,473
S.
10,00'
13,276
10,707
11,930
15,413
9,158
9,250
8,514
15,102
5.792
8.
12,797
17,649
10,659
10,138
12,552
8,966
S.
13,081
12,745
7,93a
8,352
14,220
8.790
8.
ll.llP
12,135
5,446
7,501
12,549
6,861
S.
8.
8.
S.
8,898
5,173
2,487
3,338
7,782
3,801
8,
12,926
12,023
8,755
6,857
15,437
10,538
12,718'
5,118
4,b45
9,989
4,375
8.
4,823
10,336
6,318
7,148
12,980
5,929
11,436
5,139
5,009
4,891
10,177
5,207
11,491
9,622
8,165
7,108
12,567
8,330
7,067
620
1,210
620
1,210
771
1.045,
I
8.
3,558
5,382
4,840
5,930
5,299
3,177
8.
Total . 5,570,370 5,213,205 5,081,475 5,015,070 4,808,040 4,554,353
Percentage of total
94-26
93-97
90-70
89-09
95-32
port rec'pt* Mch.28
Total French
Other ports
1,186
801
35,262
47,319
179
415
34,367
57,899
95,211
Tot. to No. Ecrope
3,217
1,139
1,233
2,374
2,009
1.080
5,127
3,156
2,553
3,501
114,997
137,477
901
2,850
8,530
8,108
13,424
878
8p'n,Op'to. Glbr.,&c.
All other
Total Spain,
Ac
Grand Total
835
100
835
100'
16,396 30.569 15,498
Boston, Philadelphia and Baltimore for the past
N«W YORK.
TMl
Since
VIMlt. Sept.l.
M. Orleans.
a2
Taxki
taTknnah
6,810
1,
1889.
BOSTON.
PHn,ADILPH'A
Thit
Since
vjeik.
Sept. 1.
Thit
week.
832
Sa,TBO
e
1,889
196.933
S7B,3«5
280,584
riorlda
1,100
15,724
Bo. Carol's.
Mo.Carol'a.
Tirglnia...
North n pts
3,624
331
76,879
8,907
78.9S8
34
203
5,476
32.365
233,672
Tenn., Ac.
2,403
104,426
1,074
65,067
57S
5.479
18,870 1,143,538
7,416
0,631
10,647
BALTIHORK.
Since
r»i«
Sept.l, week.
Since
Sept.l
9,071
532
40,760
1
3,554
1.330
1,838
66,855
1.636
10,015
64,869
2,708
7P,376
337,854
1.642
87,664
1.571
187,359
414.241
3,820
f»,18a
5,519
251,076
Hobtle
rorelRD....
Total frotec
Liverpool, per steamers Gallia, 911
Germanic, 1,215.... Horrox, 1,270. ...Servla (additional), 234 3,630
To Hull, per steamer Martello, 1
i
To Havre, per steamer La (iasoogne, 801
801
To Bremen, per steamer Werra, 415
415
To Hamburg, per steamers Bradsberg. 150
Russia, 1,000
8candia,25 .. Sorrento, 834
2,009
To Antwerp, per steamers Egyptian Monarch. 250
Monkseaton, 275
Noordland, 312
St. Oswald, 243
1,080
To Genoa, per steamer Caloi^onia, 899
899
To St. Pierre, per bark Belmont, 2
2
New Orleans—To Llvertwol, per steamers Andean, 3,500
Saturnina, 5,505.. Statesman, 4,200. West Indian, 2,2f 2 15,407
To Bremen, per steamer Ocean King, 4,300
4,30O
To Hamburg, per steamer AUemania, 2,075
2,075
To Reval, per steamer Nora. 3,655
3,655
To Genoa, per steamers Rowland, 1,878
Viceroy. 3,673..
5,551
Galveston— To Liverpool, per steamers Empire, 550
WalJachia, 3,307
3,857
To St. Petersburg, per bark Colin Archer, 2,165
2,165
To Vera Cruz, per steamer Whitney, 103
IDS
Savannah— To Reval, per bark Advena, 1,475.
1,478
To St. Petersburg, per barks Celer, 2,100
Superior, 1,650
3,750
To Gefle. per bark Orient, 1 150...
1,150
To Barcelona, per steamer Cathay, 2,350
2,350
Charlebton— To Bremen, per steamer Navigation, 3,928
3,928
To St Petersburg, per bark Petrus. 1,630
1,630
Newport News— To Liverpool, per steamer Berkshire, 2,634.. 2,634
Boston- To Liverpool, per steamers Iowa, 52... Lake Winnipeg,
".
1.594.... Samaria, 646
2,292
.
To Yarmouth, persteamer Yarmoath. 102
266
Lnst year
.
:«.709
]. a;
102
Baltimoke—To Bremen, per steamers America,
mann, 1,190
To Hamburg, per steamer Wethorby 222
To Rotterdam, per steamers Dago, 251
1,049.... Her-
2,239
222
,
Deepdale, 1,283
Sobraon, 691
2,225
Total
69,947
The
particulars of these shipments, arranged in our usual
form, are as follows:
Setal,
Bremen
Liverpool,
Total.... 27,820
dt
Hull. Satre.
1
801
Hamburg.
Tar-
Si.
Peters- Baree-
burg, lona
<t
3,928
rfc.
Genoa.
1,080
899
3,655 5.551
2,165
6,375 2i350
1,630
2,161
2,225
2,424
6,375
801 15,188 17,130
8,800
mouth,
T. Oruz,
Total.
<*c.
S,837
30,988
103
6,125
8,725
5.558
2,634
102
2,394
4,686
2
207
69,947
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orleans—To
Liverpool— March 24— Steamer Hlra, 5,517.._.
March 26— Steamer
2,622.
To Havre— March '21— Steamer Nantes, 7,009.
To Hamburg— March 22— Steamer Edenmore, 1,865.
To Narva— March 22-Bark Melanessla, 3,975.
To Barcelona— March 22— Steamer Pio IX., 1,500.
SAVANNAH- To Bremen— March 25-8te»mer Andes, 3,953,
To St. Petersburg— March 22— Bark Tordensk.iold. 1,800.
To Palma de Ma,ioroa— March 26— Brig Porvenlr, 125.
Wilmington— To Liverpool -March 24-Stearaer Tronto, 7,235.
Newport News— To Liverpool— March 22— Steamer Barden Tower,
,
Boston— To Liverpool— March 21— Steamer Catalonia, 1,782
March
24—Steamer Virglniao, 2, 255
March 2,5— Steamer Roman, 780.
Baltimore— To Liverpool- March 18— Steamer Murciano, 1,093
March 22— Steamer Rossmore, 1,694
March 23—Steamer Oarthagena,
Thlirear
21,532
787,224
New York—To
.
at
11,380
569,464
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday,
I
The Folixjwing are the Uross Receipts op Cotton
901
8,837
Shipping News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
69,947 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
York.
3,630
This statement shows that the receipts since Sept. 1 up to New
N. Orleans. 15,407
to-night are now 357,165 bales more than they were to the same Galveston,. 3,957
day of the month in 1889 and 488,895 bales more than they Savannah
were to the same day of the month in 1888. We add to the Charleston.
N'p't News
2,634
table the percentages of total port receipts which had been Boston
2,292
received to March 38 in each of the years named.
Baltimore
week, and since September
47,319
21,593
50,557
42,847
I
New York,
35,262
I
Bremen
Hamburg
.
I
801
1,186
Other French ports.
.
To Hamburg— March 11— Steamer P.rnama,
To Rotterdam— March '.Jl- Steamer Bellini,
To Antwerp— March 17— Steamer Ki.iUo, ——.
,
.
MABCn
THE CHRONICLR
29, 1890.J
Below we give
all news received to date of disasters to
carrying cotton from United States ports, &c.
v.;»8elB
from Brunawlok. Ga., f<ir Sebngtopol. arrived
March 2J, wltU lier maoulnery disabled.
CcttOD freights the past week have been as foUO'Vs:
Maharaj
H. atpiuniir (Br.),
•
al I'liaeiw prior lo
Oo
Weant.
fUM.
Hon.
Battir.
11,
"as
•S2
late dell v'y.d.
Havre, steam
Do
>s
e.^'is'^llst 't«<*^'s8
sail
the burden of stocks which they had been carryiog.
wa«
for
There
Fame time a good demand for the medium grades
the West Indies, while the local dealers purchased the
at the
better grades, including patents, to a fair extent.
To-day the
market was quiet.
The wheat speculation was at steadily declining values for
most of the week under review. The export demand, from
which the Bulls had taken much courage, ceased almost entirely
crop accounts became much better, reports of winterkilling not being fully confirmed, and cable advices were
depressed, On Thursday, however, the market assumed a
r*i<r(.
M
ii«
Liverpool, steam d.
459
;
e.
Bremen, steam e. I|al7,, l9»17,2
Do iDdlreot.e.
u
>S
>•
<«
new phase. A brisk revival of buRiness for export revived
confidence in values, and on a demand to cover contracts
60*
6060*
60*
60*
60AiDsfd'm, steam. 0.
there was a quick recovery from the low flgurf s of the mornDo Indirect. .d.
ini;.
The export business wss mainly for Lisbon, and ai;greRnval, st«am
d.
"s«a»ss
gatrd 148,000 bushels, including a larg>j line of No. 1 Rird
Do sail
d.
Spring at 98ii'c.. part for early arr'val. To day the market
B»roelona.Bteam d.
"is"
was quieter, and Hcarcely so firm, although ihe sput business
i^noa, steam .. .d. >3]'9"g4
continutd fair. No I Hard Spring at U8c., delivered, and No.
Trieste, steam...
Sk,
*ie
*i<i
2 Red Winter at 85%c., f. o. b.
d.
Antwerp, steam dj
l^s
7,3
ly^^Taa iSM'aTag is^aT,, iSe4«3,
DAILT OIXMIHU PBIUBS OV RO. 2 RED WINTKB WHEAT.
• Per 100 lbs.
Sat.
Mm. Tuet. Wed. TA'Tt. PH.
87i8
B8»8
HH»«
e.
88%
87
87
LavKBPOOL. By cable from Liverpool we have the following April delivery
87i«
87i«
8'"4
o. 88^8
88%
May delivery
87 »B
statement of the week's sales, stocks, &c., at that port.
86<>8
8709
K7>.i
Sfi's
86%
June delivery
o. 87»8
RamboTK, Bt«am.«.
Do via lndlreot.c.
>9
>»
>9
I
I
—
JfarcA 14 March 21
Sales ot the
week
bales
of which exporters took
Of which speoolatorstook...
Hales Amxrloan
A'TiUttl
,.
export
............
.,.,-,...
F»rwar»l6»l
Total i4ti>ok— Estimated
,0.=S6,000
Of which AiuerluaD^Gstlm*d
iiount alloat
836,000
bB.OOO
69.000
193,000
Of whloh Aiimrloan.-
132.Of>0
Total import of the week
,
which American
\jl
A
41,000
3,000
2,000
34,000
8,000
64.UO0
49.000
32.000
3.000
2,000
2,000
1,000
40,000
27,000
4.000
7,000
67,000
53,000
1,07.%000 1,081,000
844,000 858.000
90,000
6tj,000
74,000
58,000
204.000 211,000
140.000 133,000
54,000
3.000
2,000
46,000
4,000
62,00n
1,11.'>,000
873,000
100,000
69,000
190.000
95.000
The tone of the Liverpool market for spots and futures each
day of the week eadiag Mch. 28, aad the daily closing pricHB
of spot cotton, have beeo as follows:
Saturday Monday. Tuaday.
Spot.
Market,
1:45
p.
Steady.
M.
Firmer.
JWdaV'
Qaleter.
Dull.
dolnff.
6i6
6>8
6%
10,000
1,900
10,000
1,000
12,000
1,500
6»9
Mld.Upl'd8.
Bales
Spec.
Fair
basinesf
WedntM. Thurtd'y.
8,000
1,000
Aexp.
6ie
6Je
8,000
1,000
6,000
500
July delivery
o.
August delivery
September delivery
c.
8''\
84e9
....0.
0.
delivery
84%
87%
Market,
1:45
p.
M.
Market.
4
P. M.
Qnl«t at
partially
^
!-«)<
adv.
Sasrat
Steady
Quiet at
at
partially
1.04 deu.
partially
1-64 deo.
Qnlei.
Steady.
Steady.
at adv.
.Vear «t'f
I
dlataut
I
easy.
rartlally
Ontet St
partial It
1.01 dec.
Quiet but
Very
steady.
steady.
b ixinof Uplands, Loiv Middliagclatise, ualess otherwise stated.
TKe pHee* are given in pence and e4MAus.- 5 S3 m^ant
6 63-64e(., and 6 01 means 8 t-il4i1.
^r
March
ttti.
Oven
BUh
Lov>.
d.
lU
d.
Otu Open
i.
607 6 09 6 07 608
« UH 6 07 608
6 09 609 609
6 la 8 12 8 12 812
6 13 813 61i 8 13
6 14 6 14 eii eu
•114 6 15 6 14 615
611 6 12 8 11 6 12
611 612 6U 6 12
Moh.-Aprll. SOT
April-May.. 609
May-June..
June-July.,
Juty-AuK
..
AUfTUSt
AuK.-Sept..
September.
JMon.,
Wednea., nich.2«.
Mch.
-^4^
am Low. Om.
d.
d.
6 07
8 07
SOT 6 07
6 08 808
610 8 11
611 612
813 613
d.
4
6 06 606
606 606
6 07
6 07
610 6 10
611 811
6 12
6 12
6 18 812 6 13
810 6 10 6U9 610
610 610 6 09 8 10
6 13
Than., Mch.
-.27.
Tae*., Mch.
'iS.
Open Bi9h Low.
«<••
d.
6oe
eos
606
609
810
811
sua
609
6 09
d.
d.
April delivery
0.
o.
o.
c.
Maydellvery
June delivery
July delivery
Ifri..
6 07
6 10
6
Mch.
11
6 12
6 12
eo»
609
6 09
6 09
85 >4
84 H
84%
841,
b7i9
84%
Se'g
3714
37>s
38'4
36%
3638
37i«
37
37%
37»4
38i8
3658
3:14
37J3
86%
38I4
38%
38%
37>4
37>«
Oa's have been only moderately active, changing very little
is prices, and developing no important feature. To day the
market was firmer with the specuidtion much more active.
DAILT OIXMIBO PBIOBS OP HO. 2 MLXBD OAT).
Wed. Xhurt.
Man.
Tun.
Pri.
Sat.
April delivery
0.
Rye
easier
is
2SJ4
2-<'4
2814
BSis
28
28>4
V7%
2778
27=8
27=8
27%
27%
27
27^4
27%
2714
27
c. 27%
and more active. Sales, 24 000 bushels prime
0.
Western at 56i^c. for export.
is
generally held for more money.
The following are closing quotations
for wheat fiour in
barrels. (Corresponding grades in sacks sell slightly below
these figures)
Pine
duperflne
Extra, No. 2
Extra, No. 1
Clears
8 ralghts
Patent, spring
V
bbl.
94 403$! 80
$1 75»82 10 Patent, winter
2 10® 2 40 City shipping, eitraa. 4^03 4 35
509
2
78
KyeUour,
superllne..
2
2 75» 3 00
Fine
3 00*3 50
:^609 270
3 253> 3 75 Com meal
Western, «fec
2 409 2 50
4 00'/> 4 50
450» 5 20 Brandywlne
2 5a«
ORAIN.
eoe
eoe
6P8 605
607 606
6 10 600
611 610
8 12 611
6 12 612
6 US
6 09
37i8
37'4
3758
38as
t
6 06 605
85>3
8.^>e
Si's
Si's
Barley was more active early in the week, and at the close
Very
steady.
The opening, highest, lowest aaJ closing priues ot futuroa .it
Liverpool for each day are given below. Prices are oa the
Sat., IMch.
84%
—
June delivery
1
85%
84»8
85%
87<S8
87»4
86%
te'B
December
The more
Indian corn gradually declined in prices,
decided reduction which took place on Wefin< sday was due
to very large receipts at Western points 2,000,000 bushels at
Chicago and 1 ,000,000 bushels at St. Louis, but a continued
free movement did not prevent a partial recovery on Thursday, partly from sympathy with wh<^at and partly in response
to a more active export and local trade. To-day the market
was firm, but the speculation was less active. A good businets for export was again reported.
OAU.T avoaina priobs or ho. 2 MiXEn corn.
Wr^.
Thur$.
Pri.
Mnn.
Tnr:
Sat.
Maydellvery
Futures.
8tm
8.1
its
Wheat—
Bed winter No. 2
Red wmter
..
White
Ooru —
By«—
o.
0.
Spring, per bush...
Spring No. 2
84 » 98
88 9 90
SS's* 89%
75 • 92
86 » 91
o.
Western..* bn
63
State and Jersey
Oat"-Mix6d
White
No. 2 mixed
No. 2 white
Barley
2-rowed State
4-rowed Slate
.
.^:^
o.
»
.1619
o 57
31
281a*
3m»
'irf^*
32
;^5
30
•
9
9
9
33
32 » 3<<
West'n mixed
46
50
Went'n mixed No.2. 36>s» 37%
37 » 40
52
Western yellow
Canada
37 » 40
66
64
Western white
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the fig^ures of the New
first give the receipts at WestYork Produce Exchange.
ern lake and river ports, arranged so as to present the comparative movement for the week ending March 23, 1890. and
since Aui(ust 1, 1889, for each of the last three years:
We
March
Opfll
BUh
Low.
Clot.
d.
d.
t.
d.
608 608 608
Hob.-Aprll. 608 608 6 08 808
Apni-May.. eos 6 0U 808 608
May- June.. en 6 11 611 6 11
June-July.. 6 13 6 18 612 6 13
July-Auc
613 614 6 13 8 14
August. ... 6 13 614 613 6 14
Auif.-Sept.. 610 611 6 10 611
September. 610 611 6 10 611
6 08
•
Open Bitk Low. Olm. Open Bith Low.
i.
d.
d.
806 6 07
808 «07
8OT 608 6 07
8 10 6 11 610
6 12 612 612
8 13 6 13 618
613 6 14 613
610 611 6 10
6 07
6 07
8 10
611
8 10
d.
d.
6 07
606
606
8j7
609
6OT
eoe
6 11
6l£
613
614
611
611
d.
Uh>.
1
d.
606
eoe
eo7
609
eu
611
6 13
612
612 6 14 612
6 09 611 609
609 611 609
eo8
608
608
611
612
613
608
608
608
812
813
«14
611
.11
BREADSTUFF S.
flour
market was dull and prices were more or
Ohloatco
MUmukee.
.
Onlath
Mmneapolls.
rolsdo
OMrolt..
(SsTeland.
St. Louis
.
.
.
Tot.wk.W.
terns »k.'89.
less
teme wk.'SS.
drooping and unsettled until yesterday, when there was a
much more active business for export in the low grades at
nsida figures, it is true, but affording receivers ralief from
9tnee Attg. 1.
1889-90....
;
Flour.
BMl.lWiH
PeorU
Fridat. p. M., March 28, 1890.
The
BM«lptt atr-
8 11
188»4I9....
1887-88....
87.911
6S.457
IF««U.
Oom.
OaU.
BarUv.
BuaA.6aU>r flUth.S«/h BlM>t.S2l6> BtMlk.4H
133.871
8.347.382
6.380
631.881
31.0X1
U.
«*»
Bu.
s«aw
319.358
127.80U
53.828
16.840
12.572
17.416
S39S
16,708
95.700
212.523
617.820
86,S4e
70.191
1.979
88.175
537,501
4.041
61.801
69.600
4.786
84.111
40.000
11.291
646
118.428
62.893
23.736
1.57S.035
106.670
4'<.100
13.000
184.200
165.000
40.8)0
15.400
3.800
221.583 ~ljini7i8
968.018
188.112
241.176
1,601,836
4.813.653
1.082,419
2.304.867
8.076.792
l,204,2jl
1.811.576
498.787
319,118
860.H83
U2.T64
87.444
34.148
58.779.682
21.431.608
4.676.704
6.564,577
96.017.486 118,859.640
74.394.290 8.^457.865
22,346.«<'7
4.158.795
8,134.879
84.458.100
B7.1S6.317
50,954,9»T
20.449.661
1.696J8t
9.225
89.616
8.650
8.060.383
60.»«0,71«
THE CHRONICLE.
4Ha
The exnorts from the several seaboard ports for the week
MidinK M^rch 23, 1890, are shown in the annexed statement
Bxporu
Com.
WhecU.
PloHr.
Oat*.
Peal.
Byt.
BumK
Pvnh.
763,219
99.191
27.470
Sbl:
73.5S6
20.06S
4,544
342,619
3,538
34,315
66,699
782,913
703.837
277,393
5.743
86.929
3,607
41,928
125
4,119
36,545
442,344^2.654.023
194,474
423,023
107,363
48,422
302,209 1,976,111
131,552
2,080
24,977
17,165
Rll»h.
Hew York
340.968
Boston..
Portland
Montreal.
1,622
PUladel.
Baltlm're
N. Orl'ns.
93,131
6,623
rtuth.
8.835
46,037
N.NewB..
Rlohm'd
nrLweek.
B'me time
1889
,
Tot.
Tot.
T.t
Tot.
Mar.
Mar.
Mar.
Mar.
Mar.
16.'90. 27,633.180 18.116.827 4.513.595 1,485.971 l,497.R21
15,'90. 2<.100,6^8 16,6n6,402 4,550,884 1,554,160 1,608,998
23,'89. 30.233.812 17.051.473 7.338,423 1.569,718 1,603,934
•.^4.'88.
35.437.514
9,244.854 4,081,273
26.'87. 52,41 1,694 17.368,518 3,987,075
355.5892.010,482
382,825 1,431,216
*
*
business was done in jobbing circles. Brown sheetings were
in irregular request by package buyers, and the tone of the
market for certaiu makes specially adapted for conversion
purposes was easier. Drills continue in moderate supply and
firm. Fine and medium grade bleached cottons were in fair
demand and steady, but the lower qualities are weak in sympathy with print cloths. Shirting domets, fine fancy woven
shirtings, wide sheetings, corset-jeans and satteens were
severally in fair d«raand, and a good business in cotton flannels was done by a few of the commission bouses. Colored
cottons ruled quiet, and there was a moderate business in
prints, ginghams, white goods and table damasks.
Print
clo'hs were in fair demand, but prices are lower on the basis
of S}4c for 64x64, and 2 15-16c asked for 56x60.
1890.
The visible supply of grain, comprising the stocks in granary
at the principal points of accumiilation at lake and seaboard
ports, and in transit by water, March 23, 1890:
Barley
Com,
Oats,
Wheat,
bviah,
bnaK.
b^tith.
bunh
In ttore at—
lyiish.
132,293
Wew York
719.470
115,613
2,913,834 2,414,000
Do afloat...
3,luO
10.100
46,200
57.0
79,000
Albany
39.500
28,000
75,900
32,000
Baffalo
30,728
9,773
19,498 185,343
1,081.378
698.H66
Chicago
290,691
4,258,841 6,278,834 1,461,< 01
Do afloat
1.170,080 1,064,508 209,776 164.9.50
Hllwankne
1,893
93,762 235',478
1,510
940,660
Do afloat
100,846
Dulutb
621,303 1,133,427
5,003.675
Do afloat
73,000
Toledo
391,153
26,718
18.295
7,S84
783,104
110,732
49.011
1.392
28,334
Detroit
617,110
165,00"'
Ofiweiro
60,000
10,000
27,352
12,561
16,100
8t. Ix)Ul»
1,583.746 2,124.038
72,99s)
Do afloat
20,289
'93.000
19.000
4.000
10,000
Cincinnati*
27,000
23,836
Boston
314,883 115.138
34,966
74.160
3.3i>8
140,9«i
8.828
Toronto
191,066
48.899 113.827
83.728
Montreal
51,380
173.733
Philadelphia
22^.225 2,166.069 142.489
lo'.isfe
8.394
24a.(j8l
43,581
57.339
Peoria
Indianapolis
4,500 174.376
2,000
87,039
3«2.1S9 l,17.=i.l69
61.646
17,975
Baltimore
Minneapolis
285,540
74,721
7,571,477
295.O0O
St. Paul
690,631
66.085
On Mississippi. .
1 5, 160
Tot..
[Vol. L*
Last week's stock
;
this week's no*^ received.
stock of Print Otot?u—
Held by Providence manuTers
Fall River manufacturers
Providence speculators
Ontslde speculators
None.
10,000
(est)
Total stock (pieces)
18X8.
1889.
Mar. 22.
341,000
60,000
Mar. 23.
Mar. 24.
5,000
None.
None.
None.
3,0O0
None.
6,000
4.000
411.000
5,000
13,000
practically nothing
new to relate in connection witn the market for men's- wear
woolens. The character of the demand at first was about the
same as outlined in rtcent reports, low and medium grade
cassimeres and worsted suitings having been more freely
Woolen Goods.—There
Domestic
is
taken by the clothing trade than the finer qualities, though
there was no real spirit in the demand for either. Roughfaced overcoatings remain quiet, but there was a steady
movement in kerseys, leading makes of which are well under
the control of orders and firm in price. Cloakiugs were in
moderate rf quest and staple descriptions are steadily held by
agents.
Stockinets and Jersey cloths were quiet in demand,
but agents continued to make steady deliveries (on account
of back orders) to the manufacturing trade, and fabrics of a
strictly desirable character are firmly held.
Satinets were in
light demand, but fairly active in movement, and there was
a slightly improved iiaq liry for doeskin-jeans by jubbers and
" cutters," w hich resulted in a moderate business.
Dress
goods were less active in first hands, but a pretty good distribution of soft wool aud worsted fabrics was mane by the
lankets ruled quiet, and
principal jobbers. Flannels and
ihe demand for wool hosiery and heavy underwear was disappointing.
t
FoKKiGN Dry Goods.
—The demand
for imported goods of
a seasonable character was only moderate, but some very
fair orders for British and Continentil dress fabrics, adapted
Silk
for the fall trade, &o.. were placed for later delivery.
goods were in irregular demand, and men's wear woolens
THE DRY GOODS TRADE.
New Yobk.
Friday P. M., March 28, 1890,
hands was haraly up to
roads in wide sections of
the West, and floods in Pome sections of the South, having
seriously militated against the distribution of Spring and
Summer goods by jobbers in those parts of the country.
The demand
for dry goods at first
expectations the p'st week,
Some
muddy
good- sized round lots of prints, ginghams, &c., were
ruled quiet; while dress goods were distributed with considerable free(lom and to fair advantage. White goods, lineus,
laces and embroideries continued ia moderate request, and
there was a steady movement in hosiery and gloves.
Importation* of Dr^ Goods.
The importations of dry goods at this port for the week
ending March 27, 1890, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows
IS
e
?
E
closed out by the domestic commission houses by means of
relatively low prices, and fairly good orders were placed for
certain Fall goods for later delivery.
S:
B
:
B".
The jobbing trade was
spasmodic and irregular, but a fairly average business was
done in the regular way, and job lots of ginghams, shirting
prints, &c., were freely distributed by a few of tht^ large jobbers. Still another failure has occurr.-d in commission circles,
the old bouse of Ross, Campbell & Co. having been compelled
to make an assignment. The liabilities of the concern are
small, but these repeated failures of commission merchants
five well-known houses having suspended paymetit within the
last nine months have naturally caused a somewhat uneasy
:
s
s
OD
§i
:
i;
M
f
:
I
i
i
li
rf^JOMMI—
o:^
"coco
wo
ODi-'MIC'tk
Ot-
tg rffc I— eg OS
tob'*-WM
3J
tOC0-q-j3 0O
CO it^ ifk. CO -g
CO to CO to co^
-
03CCO0DQ0
to
oco
coco
coco
—
C0CO<I^-^
O'OiOspW
OXCtP^CO
osVos'baD
ta CO 30 (-'00
o-ifk.COOO>
to jaacotf^
''J
00^
3
00 SOL
QOOroaO
cnicDOM
fetling.
—
DoMKS'nc Cotton Goods. The exports of cotton goods
from this port for the week ending March 25 were 1,349
ceo
packages, valued at 197,919, their destination being to the
points specified in the table below
MO
«**C0OSpD
WOSMC®
H-OCCOiO
CO
Nbw Tobk
to Makcb
Great Britain
Other European.............
China .. ..'
35
85
265
1,117
455
6,570
1,27 6
2.071
1,232
4.742
India
...
Alrica
West Indies
Mexico
.
..............
.............
Central America.............
South America
Other countries
Total
China, via Vancouver..
Total.
•
wo
CKCOOiOM
01
25.
Week. Since Jan.
Arabia
From New EnKland mill
19
309
125
68
443
580
1,251
7,726
846
1.
Week. Since
Jan
20
18
2,487
50
11,235
2,120
631
""30
138
10
125
503
16
rf^
1.
447
oao
Ot-
-a
^ CC O -D
l-M(OM
COCO
1.2,54
929
1.254
9,145
739
1,349
27,866
7,040
1,541
4,031
34,912
20,110
1.349
34,906
6.572
55,022
00
£
M«»
en
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towo*»'C;'
CD
cxjGotoaiM
points direct.
The value of the Neiv York exports since January 1 have
been $1,633,928 in 1890, against |3,030,478 in 1889.
The situation in the market for staple cotton goods has not
undergone much change during the week under review. At
first hands the demand was only moderate, but a very fair
—
h-MM
1889,
1890.
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