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HUNT’S
R E P R E SE N T IN G
MERCHANTS’
TH E IN D U S T R IA L
YOL 46.
AND
MAGAZINE,
C O M M E R C IA L
IN T E R E S T S
OP
THE
NEW YORK, MARCH 3, 1888.
IfittatJjciaX.
■iwatxjcial.
A M E R IC A N
Bank N ote Company,
78 TO 86 TRINITY PLACE,
N E W YORK.
Business Founded 1795.
Reorganized 1879.
E n g r a v e r s a n d P r in t e r s o f
BO N DS, PO STA G E & R EV EN U E S T A M P S ,
L E G A L T E N D E R A N D N A T IO N A L BA N K
N O T E S o f the U N IT E D S T A T E S ; and for
Foreign G overnm ents.
ENGRAVING AND PRINTING,
BANE NOTES, SHARE CERTIFICATES, BONDS
FOR GOVERNMENTS AND CORPORATIONS,
DRAFTS, CHECKS, BILLS OF EXCHANGE,
STAMPS, Ac., In the finest and most artistic style
FROM STEEL PLATES,
W ith SPECIAL SAFEGUARDS t o PREVENT COUNTERFEITING.
Special papers m anufactured exclusively fo r
use o f t h e Company*
S A F E T Y C O LO R S .
SA FETY PAPERS.
Work Executed In Fireproof Buildings-
___________ f i n a n c i a l . ____________
j . heron
Cr o sm a n .
Lockw ood & Crosman,
B A N K E R S AND B R O K E R
Alfred H . Smith & C o.,
Incorpora ted u nder Laws o f S tate o f New Y ork , 1 8 5 8 .
STATES
NO. 1,184.
F . M. L o ck w o od ,
DIAMONDS.
U N IT E D
IM P O R T E R S,
182 Broadway, Cor. John Street.
N o . 3 1 N e w Street a n d N o . 1 E x c h a n g e
C o u r t, N e w Y o r k ,]
Private telegraph wires to Chicago, Boston, PhUa.
deiphla and Baltimore.
W e solicit orders fo r the purchase or sale o f any o f
the securities o f the
SOLID SILVER.
G O R H A M M ’l ’g C o.,
Broadway and Nineteenth Street,
AND
9 M AIDEN
P h ila d e lp h ia & R e a d in g R R . C o .
on the Philadelphia or New York Stock Exchange»,
W m . G. Hopper & C o.,
BANKERS AND BROKERS,
LANE.
LITHOGRAPHIC AND TYPE PRINTING.
RA ILW A Y TICKETS OF IMPROVED STYLES.
Show Cards, Labels, Calendars.
BLANK BOOKS OF EVERY DESCRIPTION
JAMES MACDONOUGH, President
AUG. D. SHEPARD,
)
„
Sg 1
TOURO ROBERTSON,
j Vice-Presidents.
THEO. H. FREELAND, Sec’y and Treas.
JNO. E. CURRIER, Ass’t Sec’y.___________
Maverick National Bank
BOSTO N,
C A P IT A L ,
SURPLU S,
28 S o u th T h ird S treet,
Established 1854.
Lombard Investment Co.,
150 B R O A D W A Y , N E W Y O R K .
G u a r a n te e d S ix P e r C en t M o r tg a g e s
C A P IT A L (FU LLY P A ID ) ........... L . . . $1,000,000
TO TA L V A L U E OF G U A R A N T Y .... 2,400,000
Trustees and Investors generally are requested
to call and examine these securities, or send fo r
pamphlet giving fu ll information.
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Accounts o f Banks, Bankers and Corporations
solicited.
Onr facilities fo r COLLECTIONS are excellent
and we re-discount fo r banks when balances war
rant it.
Boston is a reserve city, and balances with ns from
banks (not located In other reserve cities) count as a
reserve.
W e draw our own exchange on London and the
Continent, and make Cable transfers and place
money by telegraph throughout the United btates
and Canada.
Government Bonds bought and sold, and exchanges
In W ashington made for banks without extra charge.
W e have a market fo r prime first-class Investm ent
Securities, and Invite proposals from States, Coun
ties and Cities, when issuing bonds.
W e do a general banking business, and invite cor
respondence.
A S A P . P O T T E R , P r e s id e n t.
XO S. W . W O R K , C a s h ie r .
W . P. W ight & C o.,
72 B roadw ay,
STOCK B R O K E R S.
Stocks, Bonds and Miscellaneous Securities bought
and sold fo r cash or on margin.’
W . P . W ig h t ,
j . b . Cr e ig h t o n .
Memb. N.Y. Stock Hxoh.
A . B. Cl a f l i n , Speo’i
STOCK B R O K E R .
S. A . K e a n .
D ir e c t p rivate w ire t o H a r r i s , F u l l e r & B i c k N ew Y ork .
Joh n Fa rso n
S. A . Kean & C o.,
BANKERS,
2 WALL
R. J. Kimball & C o.,
[Established In 1865.]
STREET.
Deposit accounts received subject to check.
Interest bearing certificates issued.
County, City, Town and School Bonds constantly
on hand.
BANKERS AND BROKERS,
1 6 A 1 8 B r o a d S tree t, N e w Y o r k ,
Members o f the New York Stock Exchange and o f
the Philadelphia Stock Exchange.
R o b e r t J. K i m b a l l .
The Finance Company
O F P E N N S Y L V A N IA .
Ch a r t e r P e r p e t u a l .
A u t h o r iz e d C a p ita l, - * - -
$ 5 ,0 0 0 ,0 0 0
131 TO 141 SOUTH FOURTH STREET,
(B u l l i t t B u i l d i n g ),
PH ILA D E LPH IA .
G e n e ra l B a n k in g B u sin e ss c o n d u c te d .
S ta te , M u n ic ip a l and R a ilr o a d S e c u r itie s
n e g o t ia t e d .
DIRECTORS:
W harton Barker,
Charlemagne Tow er, Jr.,
John H. Converse,
T. Morris Perot, .
George DeB. Keim,
George W. Blabon,
James Dougherty,
Philip C. Garrett,
Simon B. Fleisher,
Isaac R. Childs,
Isaac H ough.
W H A R T O N B A R K E R . President.
CHARLEM AGN E TOW ER, J r ., Vice-President.
SIMON A . STERN, Treasurer.
RUSSELL STURGIS H U BB A RD , Secretary.
Douglas & Jones,
7 2 B roadw ay»
Al f r e d b . L o u n s b b r b
Bank o f Buffalo,
BUFFALO, N. Y .
8. S. J e w e t t , P re s.
W m . C. C o r n w e l l , Cash’r.
C a p ita l....$ 3 0 0 ,0 0 0 I S u r p lu s......$ 2 5 0 ,0 0 0
This Bank has- superior facilities fo r making Col
lections in and out o f the city on the most liberal
terms, and with careful attention to the best inter
ests o f its correspondents.
C o r r e s p o n d e n t s :—Importers’ & Traders’ Na
tional Bank and Chemical National Bank, New York;
Merchants’ Loan & Trust Co., Chicago; Union Bank
o f London, London.
W . M. Tewksbury,
NEW Y O R K ,
BAN K E R ,
1 1 W a ll S tr e e t
AND
3 0 W e s t 2 9 th S tr e e t.
H A R T F O R D , CONN., 3 9 P e a r l S t.
(A ll offices connected by exclusive private wire.)
INVESTMENT SECURITIES A SP E C IA L T Y .
1 3 N ew S treet,
(Members o f the N.Y. Stock Exchange.)
Buj; and sell Stocks and Bonds fo r cash or oh
margin. Interest allowed on deposits. Correspond
N E W Y O R K , 80 BROADWAY A 5 NEW ST. ence solicited.
JOHN F. DOUGLAS,
O f the late firm o f Lawson. Douglas & Co.
T R O T , N .Y ., NO. 17 FIRST STREET.
w il l a r d h . jo n e s;
Stock Exch. membership; private wires all faculties,* Late o f W.S. Lawson & Co.. Member N.Y. Stock E xch.
Lansdale Boardman,
Desirable SIX P E R .CENT W A T E R BONDS and
other first-class securities fo r sale.
ley,
MASS.
-
PHILADELPHIA.
Incorporated 1889
Stewart B row n ’ s Sons*
STOCK B R O K E R S ,
6 4 B r o a d w a y 4c 1 9 N e w S t ., N e w Y o r k .
T H E kCHRONICLE.
ii
[V o l . X L Y Ï .
gsrottjtxs atud g r a w 0 t ‘jToyjeigtx Igscfrsuxflg.
THE
Drexel, Morgan & C o., August Belmont & C o., I N V E S T M E N T C O .
BAN KERS,
WALL STREET, CORNER OF BROAD,
N o. 3 6 W A L L S T R E E T ,
NEW YORK.
o f Philadelphia.
A
C
gents a n d
Drexel,Harjes & Co
Drexel & Co.,
5th & Chestnut Sts. 31 Boulevard Haussmann,
P A R IS .
P H IL A D E L P H IA
BOMESTIO A N D FOREIGN BAN KERS.
Deposits received subject to D raft. Securities
Dought and sold on commission. Interest allow edon
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers. Circular Letters fo r Travelers,
av«Uable in all parts o f the world.
orresponden ts op the
M e ssrs. R O T H S C H I L D ,
L o n d o n , P a r is , F r a n k fo r t an d V ie n n a .
Issue Circular Credits fo r travelers, available in
all parts o f the world.
AT,SO COMMERCIAL CREDITS.
Draw Bills o f Exchange and make Cable Transfers
to Europe, W est Indies, M exico and California.
Kidder, Peabody & C o.,
attorn eys a n d agents o i7
M e s s r s . JT. 8 . M O R G A N & C O .,
No, 22 OLD BROAD STREET, LONDON.
N E W Y O R K AND BOSTON,
ATTORNEYS AND AGENTS OP
Brown Brothers & C o., BARING BROTHERS & CO.,
N EW Y O RK , P H IL A D E L P H IA , BOSTON, AND
A L E X A N D E R B R O W N & SONS,
LO N DO N .
Commercial Credits.
BALTIM ORE.
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
Circular Credits for Travelers.
E xecute orders fo r all Investment securities. R e
ceive accounts o f Banks, Bankers, Corporations and
Firms, on favorable terms. Buy and sell Bills o f E x
change on Great Britain and Ireland, France, C a b l e T r a n s f e r s a n d B i l l s o f E x c h a n g e o n
Germany, Belgium, Holland, 8wit*erland, Nor
G r e a t B r i t a i n .a n d t h e C o n t i n e n t .
way, Denmark, Sweden, Australia, St. Thomas,
St. Croix and British W est Indies. Issue Com
m ercial and Travelers’ Credits in sterling, avail
able in any part o f the world, in f r a n c s lor
use in Martinique and Guadalonpe, and In dollars for
use In this country, Canada, M exico and W est Indies.
Make telegraphic transfers o f money between this
J
SUCCESSORS TO
country, Europe and British and Danish W est In
J E S U P , P A T O N & CO.,
dies. Make collections o f drafts drawn abroad on all
points In United States and Canada, and o f Irafts
drawn in the United States on foreign count’d««.
5 2 W i l l i a m S treet N e w Y o r k .
Their London house, Messrs. BROW N, SH IPLE Y
A ccounts and A gency o f Banks, Corporations,
A CO., receive accounts o f American banks, firms
firms and individuals received upon favorable terms.
and Individuals upon favorable terms.
Dividends and Interest collected and remitted.
BROWN, SH IPLE Y & CO., Liverpool.
A ct as agents fo r corporations in paying coupons
BROWN, SH IPLE Y & CO.. London.
and dividends; also as transfer agents.
U. S. Government Financial Agents In England.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Bxohange and Cable Transfers bought and
■old.
DRAW on
TH E UNION B A N K OF LONDON,
J
83 NASSAU S T R E E T .
John Paton & *Co.,
J. & J. Stuart & C o.,
B ILLS
S M IT H )
OF E X C H A N G E
P A Y N E
&
ON
S M I T H ’ S,
BANKERS, LONDON,
M ANCHESTER
A
COUNTY R A N K ,
“ LIMITED^”
MANCHESTER, P A Y A B L E IN LONDON ;
ULSTER
R A N K IN G
COM PANY,
B ELFAST, IR ELA N D
AND ON THE
N A T IO N A L
RANK
OF
SCOTLAND,
EDINBURGH
AND BRAN CHES;
ALSO,
CABLE TRAN SFERS AND LE TTERS OF CREDIT.
J o h n M unroe &
C o .,
N o . 3 2 N a s s a u S tree t, N e w Y o r k .
No. 4
P o s t Office S q u a r e , B o s t o n .
BRITISH LINEN CO. BAN K, LONDON AND
SCOTLAND.___________________
J. & W . Seligman& C o.,
BANKERS,
NO. 2 3 B R O A D S T R E E T ,
N ew Y ork .
Issue Letters o f Credit for Travelers
On SELIGMAN BROTHERS. London.
SEL1GMAN FRERES A CIS, Paris.
SELIGMAN & STETTHEIMER, Frankfurt.
ALSBERG, GOLDBERG & CO., Amsterdam.
A LTM A N & STETTH EIM ER, Berlin,
Payable in any part o f Europe, Asia, A frica, Aus
tralia and America.
Draw Bills o f Exchange and make Telegraphio
Transfers o f Money on Europe aud California.
J. K e n n e d y T od .
H . O. N orth oote .
A le x a n d e r b a r in g ,
Member N. Y. Stock E xch’ge
J. Kennedy T o d & C o.,
Issue Circular Letters o f Credit fo r Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty o f Re-payment.
NO. 63 WILLIAM STREET,
BANK ER S.
E x c h a n g e o n L o n d o n , P a r is , B e r lin ,
Z u r ic h a n d S t. G a ll.
A ct as Agents fo r Banks, Bankers and Railroa
Companies.
Issue commercial credits, also foreign and domestic
travelers’ letters o f credit in pounds snarling & dollars
SREDIT8 OPENED AND PAYMENTS MADE BY CABLE.
P a r is H o u s e —M U N R O E & CO.
Schulz & Ruckgaber,
BANKERS,
20 W IL L IA M S T R E E T , N E W Y O R K ,
CORRESPONDENTS o v t h e
I n t e r n a t io n a l B a n k o f L o n d o n
(L i m it e d ), L o n d o n .
M e s s r s . J o L n B e re n l> e r g ,G o ssle r Sc C o .,
H am bu rg.
M e s s r s .M a r c u a r d ,K r a n s s A C o ., P a r is .
O ffer I n v e s tm e n t S ec u rities.
Buy and sell bonds, stocks and securities In all Am
erloan, Canadian, British and Dutch markets on com
mission. Collect dividends, coupons and foreign and
inland Drafts.
Sell Bills o f Exchange on
C.EjY H A M ^ R O l Ni f & , 0 0 " } LONDON
H O T T & G ü W c o f & CO*’ } P A R IS .
G eo . Co p p e l l .
T h o s . Ma i t l a n d .
G e r a l d L. H o y t , Member N. Y . Stock Exoh.
Maitland, Phelps & C o.,
Commercial and Travelers’ Credits.
Rill« o f Exchange.
Cable Transfers.
T H E N E W YO RK
Produce Exchange Bank.
C A P IT A L , 0 1 ,0 0 0 ,0 0 0 .
Transacts a general banking business.
Receives accounts o f banks, bankers and corpora
tions upon favorable terms,
Issues certificates o f deposit bearing Interest.
Makes loans upon approved merchandise.
Solicits mercantile and personal accounts.
B
A
N
K E
AND
COMM ISSION
22
Sc 2 4
R
S
MERCHANTS,
E x c h a n g e P la c e .
STREET
Capital, 3 4 ,0 0 0 ,0 0 0 . F ull Paid.
CONDUCT8 A GE N ER A L B AN KIN G BUSINESS
Allows Interest on cash deposits, subject to cheok
or on Certificates.
Buys and sells Bills o f Exchange, drawing on
Baring Bros. & Co., L ondon ; Perier Freres et Cle,
Paris; Mendelssohn & Co., Berlin, and on Paul
Mendelssohn-Bartholdy, Hamburg.
Negotiates Securities, Railroad, State, Munioipa
etc.
Offers fo r sale first-class Investm ent Securities.
W IL L IA M BROCKIE, President.
W H A R T O N B A R K E R , Vice-President.
H E N R Y M. H O Y T, J r ., Treasurer,
E T H E L B E R T W A T T S, Secretary.
Board o f Directors—W illiam Brockie, George 8
Pepper, Morton McMichael, W harton Barker, Henry
C. Gibson, T . W lstar Brown, Isaac H . Clothier.
A dvisory Committee o f Stockholders.—W illiam
Potter, George M. Troutman, Gustavus English,
William Pepper, M. D.. Thomas Dolan, John G.
Reading, Joseph E. Gillingham, John Wanamaker
H enry E. Smith, Craige Lippincott, Hamilton
Disston, Clayton French, Francis Rawle, William
W ood. W alter Garrett.
KOU N TZE B R O T H E R S,
BANKERS,
120 B r o a d w a y , Equitable Building, New York.
L E T T E R S OF C R E D IT AND
C IR C U L A R NOTES
Issued fo r the use o f travelers In all parts o f the
world. Bills drawn on the Union Bank o f London.
Telegraphic transfers made to London and to various
daces in the United States. Deposits received, subect to check at sight, and interest allowed on bal
ances Government and other bonds and Invest
ment securities bought and sold on commission.
i
n u ä ^ x o la œ x s.
g m k je r s
W a lsto n H . Br o w n .
F r e d , a . Br o w n .
H e rb er t P. Br o w n .
Walston H. Brown & Bros
BAN K ER S.
A ccounts o f Corporations and Individuals received
apon Liberal Terms. Securities Bought and Sold on
Commission.
N o . 2 0 N ASSAU S T R E E T ,
NEW YORK.
John H . Davis & C o.,
BANKERS AND BROKERS,
NO. 1 0 W A L L
S T ., N E W Y O R K .
Orders fo r Stocks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-olass
IN V E S T M E N T S E C U R IT IE S .
Chrystie & Janney,
BANKERS,
2 5 N a ssa u S tree t, N e w Y o r k ,
R eceive deposits subject to check at sight and
allow interest on balances.
Deal !in Railroad bonds, State, County and Muni
cipal Securities.
Give special attention to consignments o f Bullion
and make liberal advances on same when desired.
W ood, Huestis & C o.,
31 PIN E STREET, NEW Y O R K ,
R AN K ER S AND B R O K E R S,
SUCCESSORS TO
WOOD
& D A V IS .
E xecute orders in all securities listed at the New
ork Stock Exchange. F or Sale :
[r s t -C l a s s R a i l r o a d f i r s t M o r t g a g e B o n d s .
m nßnn
wood
. O.H .H U ESTIS. L .M .S W A N .
H i r a m D e w i n g . C l a r k D e w i n g , f .t .b o n t e o o u
(Member o f N. Y . Stock Exchange.)
H. Dewing & Son,
B A N K E R S AND B R O K E R S,
N o . 1 8 W a l l S tree t, N e w Y o r k .
Stocks and bonds bought and sold on commission.
Particular attention given to inform ation regard
ing Investm ent Securities.
. _ .
.
Iow a Loan & Tust Co. 6 per cent Debentures
BILLS OF EXCHANGE, fiETTERS OF CREDIT,
TE LEG RAPH IC TRANSFERS OF MONEY ON bought and sold.
LONDON, P A R IS, MEXICO, CUBA, &C., &C.
N e w Y ork .
C a n a d ia n B a n k o f C o m m e r c e .
CAPITAL, $6,000 000.
SURPLUS, $500 000.
J. H. G0ADBY & ALEX. LAIRD,
B ills o f E x c h a n g e D r a w n o n tlie C ity
AGENTS,
B a n k , L im it e d , L o n d o n .
Circular L etters of Credit Issued for 1 6 E X C H A N G E P L A C E , N E W Y O R K
STERLING EXCHANGE, CABLH
ravelers u s e , and Commercial Credits B U Y AN D SELLTRANSFERS,
ETC.
opened in Europe, A sia, South Am erica ISSUES COMMERCIAL CREDITS, A V A IL A B L E
and the W e s t la d ie s.
,
IN A L L P A R T S OF TH E W ORLD.
310 C H E S T N U T
J. L. Robertson,
B O M B AMD S T O C K B R O K E R ,
Dealer in Investment Securities,
NO. 7 NASSAU STREET,
(Continental National Bank Building,)
N ew Y o rk .
THE CHRONICLE.
March 3, 1888.]
'gxnJxtxs in gtew
ftM iktxs
Taintor & H olt,
H . B. Hollins & C o.,
BANKERS,
BANKERS,
N o . 11 W a l l S t., C o r. N e w , N e w Y o r k .
18 W A I i l . a n d 3 N A S S A U S T R E E T S
NEW YORK.
Transact a General Banking Business.
TRAN SACT a GE N ER A I. BANKING business.
DEPOSITS received and IN TER E ST allowed on
balances.
Buy and sell GOVERNMENT, M U N ICIPA L and
R A ILR O A D Securities.
Private telegraph wires to Providence and Boston
DEALERS IN GOVERNMENT, M U N ICIPAL AND
R A IL R O A D SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED.
INTEREST A LLO W ED ON D A IL Y BALAN CB8
GILES E. T A ITO R ,
GEO. H . H OLT
G. D. L ’H U ILIE R .
Geo. K. Sistare’s Sons,
1 6 Sc 1 8 B r o a d S tr e e t, N e w Y o r k .
1 2 1 S o u t h T h i r d S tree t, P h ila d e lp h ia ,
Harriman
Buy and sell on Commission, fo r cash or on margin,
all securities dealt in at the New York oto k Ex
change.
Interest allowed on daily balances.
A ll deposits subject to check at sight.
Particular attention to orders by mail or telegram .
E d w a r d L. O p p e n h e i m .
Wa lte r Del m a r .
Sc
Co.
W m. m . h a r r im a n ,
)
N ic h o l a s F is h ,
>
Ol iv e r H a r r i m a n , J r .
)
BANKERS AND BROKERS,
E Q U IT A B L E
Connected by Private W ire with main office, Nov
York.
D EALERS IN
F IR S T -C L A S S IN V E S T M E N T S ,
B U IL D IN G ,
120 B roadw ay.
Harvey Fisk
&
Sons,
2 8 NASSAU STR E E T, N EW Y O R K .
BANKERS.
D e a l e r s in U n ite d S t a t e s B o n d s a n d O t h e r
D e s ir a b le S e c u r itie s .
Deposit accounts received and interest allowed on
balances.
MEMBERS N. Y . STOCK EXCHANGE.
J, S. F a r l e b .
[ESTABLISHED 1862],
51 Sc 5 3 N e w S treet a n d 4 2 B r o a d w a y ,
Robert D. Fa rlee .
J. S. Farlee Sc Brother,
J N o . 7 N A S S A U S T ., N E W Y O R K ,
B r a n c h O f f ic e , 91 L e o n a r d St r e e t ,
BROKERS AND D EALERS IN
NEW YO R K .
IN V E S T M E N T
7 5 O ld B r o a d S tree t, E . C ., L O N D O N .
m t%
H. L. Horton & C o.,
5 4 and 5 6 B R O A D W A Y , New
Special Attention Given to American
Securities.
Solicit A ccounts and Order for the Purchase and
Sale o f Bonds, Shares, &o„ &c., on Commission, in
New York, Boston, Chicago, London or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members o f the New York and Boston Stock E x
changes and o f the New York and Chioago Produce
Exchanges.
Private wires to Chioago, St. Paul, Boston, H a rt
ford, Buffalo and Utica.
J. C. W alcott & C o.,
N o . 2 4 P in e S tree t, N e w Y o r k .
Transact a General Banking Business,
Stocks and Bonds bought and sold on Commission.
Collections made and loans negotiated,
Dividends and Interest collected.
Deposits received subjeot to Draft.
Interest allowed. Investm ent securities a specialty.
W e issue a Financial Report weekly.
Jos. 0 . W a l c o tt ,
l Members o f the New York
F r Atvtt F. D tcktnson , 1
Stock Exchange.
Office o f the Pneumatio Steering Gear & Mfg.Co.
L . c . l a t h r o p . O s c a r B . S m i t h , j . h .O l i p h a n t
Lathrop, Smith & Oliphant,
BO N U S,
BAN KERS A N D BROKERS,
8TA TE , MUNICIPAL AN D APPRO VE D R A IL
ROAD BONDS.
3 7 BROAD ST R E E T , N E W Y O R K ,
C o r r e s p o n d e n c e So l i c it e d .
Members New York Stock Exohange, New York
Cotton Exohange. and Board o f Trade Chioago.
c h a s . J. T o w n se n d , ' L a n s in g c . W a s h b u r n
Member N.Y. Stock Exchange.
J n o . P . T o w n se n d , Special Partner.
Townsend & Washburn, W . H. Goadby & C o .5
BANKERS AND BROKERS,
N o . 6 W a l l S tree t, N e w
W . 8. N elson
No .
A.
24
in
Miscellaneous
w.
2 6 P IN E S T R E E T , N E W
35 W A L L STRE E T.
STATE AND CITY BONDS OF GEORGIA, also
SECURITIES OF TH E CEN TRAL R R . & BAN K
ING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or sell are invited to call
or correspond. Prompt and personal attention
given to all orders._________________________________
Howard Lapsley Sc Co. ,
BANKERS AND BROKERS,
72
B R O A D W A Y and 9 N EW S T R E E T ,
N ew Y ork.
Special attention given to investments. Interest
allowed on deposits, subject to check at sight.
Rolston Sc Bass,
No.
YORK.
M alcolm Ca m p b e l l , Member o f N. Y. 8tock E xch.
20
BROAD STREET, NEW YORK.
STO CK S, BONDS,
A N D M IS C E L L A N E O U S S E C U R I T I E S
Correspondence solicited.
Quotations cheerfully furnished
W m . H . R o lsto n ,
w . A l e x . B a s s , Jr.
Member N. V. Stock Exoh’ge.
W ALL
STREET,
E s t a b lis h e d
NEW
YORK.
1865.
MEMBERS OF NEW YORK STOCK EXCHANGE.
A llow Interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
Investment Securities.
A. M. K id d e r ,
H . J. M o r s e ,
W ay la n d Tr a sk ,
Ch a s . D. M a r v i n ,
(Formerly SIMONS & C H E W )
2
Sc B R O K E R ,
E x c h a n g e C o u r t dc 5 2 B r o a d w a y , N . V .
A l1 Securities dealt in at N. Y. Stock Exchange
born htaud sold for Cash or on Margin. Special atten
tion given investments. Correspondence solicited.'
Mi ^ oerN . Y . Stock Exchange.
Member N. Y . Produce Exchange.
a l l in g
Dickinson Sc Alling,
BANKERS
AND
B R O K E R
N o . 3 0 P in e S tree t, N e w Y o r k .
H e n r y G. Ca m p b e l l , ) Members N. Y . Stock
J. B o r d e n H a r r i m a n , >
Exchange.
H . G. Campbell Sc C o.,
B AN K ERS AND B R O K E R S,
9 N ew
S tre e t and 7 4 B ro a d w a y ,
NEW
YORK
Hamilton & Bishop,
BAN KERS
ß o o c h i *
an d brokers,
No. 9 6 B R O A D W A Y , N E W
M c U c t fa it
&
B A N K E R S ,
5 7 Broadway, epp. Exchange Place, N. Y .
Branch Office, 2 4 1 L a Salle S t., Chicago.
TRAN SACT A GENERAL BAN KIN G BUSINESS,
INCLUDING TH E PU RCH ASE A N D SALE OF
STOCKS AN D BONDS FOR CASH OR ON M A R
GIN. BUY AND SELL INVESTMENT SECURI
TIES. INTEREST A LLO W ED ON DEPOSITS
SUBJECT TO CHECK A T SIGHT.
P. 0 . B ox 447.
D. A . BOODY.
C. W . M cLELLAN.
Reuben L bla n d .
W m . F. L k s s l ik .
h e n r y t . Bo o d y .
James D. Simons,
B A N K E R
h . D ic k in s o n ,
E d w a r d P.
Member N. Y. Stock Exchange.
Buy and sell at N. Y . Stock Exchange, fo r IN
VESTMENT or on MARGIN, all classes o f Stooks
and Bonds, and allow interest on deposits, subject to
oheok at sight.
BAN KERS,
MILLS BUILDING (3d Floor,)
Rooms 25 & 26.
Transact a General Banking Business
Interest allowed on Deposits.
BANKERS AND BROKERS,
18
Securities
1 0 W a l l S tree t, N e w Y o r k .
Stocks, Bonds and Cotton,
Dutenhofer,
and
BANKERS,
S T R E E T ,
Alexander Campbell & Co.,
BROKER,
Dealer
B R O A D
N e w Y o r k ..
Young & Nelson,
BANKERS AN D BROKERS,
3 6 W a ll S tre e t, N ew Y o r k .
All stocks and securities dealt in at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and interest
allowed on balances.
Green & Bateman.
BANKERS AND BROKERS,
Y o r k ;.
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits received, subject to Check at Sight.
Correspondence solicited.
T. 8. Y o u n g , J r .,
Member N.Y. Stock Exchange.
Y ork .
B AR TH OLO M EW HOUSE, ) T
BARTH OLO M EW LANE, J LONDON.
BAN KBBS AN D BROKERS,
E. L. Oppenheim & C o.,
BANKERS AND BROKERS,
ili
C. J. Turner & Son,
(16 Years’ Membership in the N.Y. Stock Exchange)
HANKER
AND
BROKER.
16 & 18 B ROAD STREET, NEW YORK.
Transact a general banking business, including
the purchase and sale o f stocks and bonds fo r cash
or on margin.
W m . V . Ca r o l i n ,
Member N.Y. Stock Exchange.
BANKERS,
YORK
(Members New York Stock Exchange.)
A ccounts o f Banks, Bankers and others received
Interest allowed on balances. A strictly Commission
Business in the purchase and sale o f stocks and bonds.
Private Telegraph W ire to Albany,Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chioago.
Draw on City Bank o f London in amounts to suit.
Special attention given to Securities fo r investm ent.
C h a r l e s f . Co x .
Carolin & Cox,
U N IT E D B A N K
B U I L D I N G , Banker« and Commission Stock Broker«
NO. 55 B R O A D W A Y ,
W a l l S tr e e t, c o r n e r B r o a d w a y .
Office, 315 Madison A v.,cor. 42d St.,NewYork
8T 00K S , BONDS té OOMMER 0 1 A L PAPER. Branch
Deposits received subject to check at sight, and in
Stocks and bonds bought and sold on commission
at New York Stock Exchange. Advanoes made on
business paper and other securities.
terest all owed on daily balances. A ll stocks and seen rities dealt in at the N .Y. Stock Exohange bought ar d
■old on commission, fo r cash or upon margin.
THE CHRONICLE.
ir
C o m
p a t ît e s .
Union Trust Company
OF N E W
WORK.
73 Broadw ay, cor. R ector St., N. Y.
C A P IT A L , - - - - - - « 1 ,0 0 0 ,0 0 0
S U R P L U S , • - .......................... $ 2 , 5 0 0 , 0 0 0
Authorised to act as Executor, Administrator
Guardian, Receiver, or Trustee, and is
A L E G A L DEPOSITORS' FOR MONET.
A ccepts the transfer agency and registry o f stocks,
and acts as Trustee o f mortgages o f corporations.
Allows interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
Interest for the whole time they remain with the
eompany.
%xnst Companies.
BANKERS,
OF P H IL A D E L P H IA ,
N o. 1340 C h estn u t S treet.
Receives deposits o f m oney payable by check and
allows interest thereon; also receives fo r safe
keeping securities and other valuables, and
rents safe deposit boxes in burglar-proof
vaults.
Receives Trusts o f every description, acting as
executor, administrator, assignee, etc., and
executing surety fo r the faithful perform ance
o f any trust or office.
Acts as A gent or A ttorn ey fo r the sale or manage
ment o f real estate, and insures titles to real
estate and mortgages.
OF N E W YORK,
American Loan & Trust Co.,
113 B R O A D W A Y , N E W YO RK.
C a p it a l, F u l l y P a id , - - - - $ 1 ,0 0 0 ,0 0 0
TH IS
COMPANY TRAN SACTS
A
GEN ERAL
LOAN, TRUST & FIN AN C IAL BUSINESS.
R eceives m oney on Deposit, subject to check, and
allows interest on balances.
A ll Checks pass through the Clearing House.
Makes Investm ents o f Money, acts as Executor,
Administrator, Guardian, Trustee, etc..
A lso, as Registrar and Transfer Agent.
A n authorized Depository fo r Court and County
-Treasurers’ Funds.
R OW LAN D N. H A Z A R D , President.
GEORGE S. H A R T , Vice-President.
JAM ES S. THURSTON, Secretary.
D ir e c to r s :
W allace C. Andrews,
John L. Macaulay,
John D. Kimmey,
John I. Blair,
Edward F. Browning,
John Ross,
A lexander G. Black,
Rowland N. Hazard,
Elias C. Benedict,
George S. Hart,
W illiam P. Anderson,
W m . B. Dinsmore,
James S. Thurston,
Peter W yckoff,
George A . Evans,
Thomas L. W atson,
Charles Parsons.
Jules Aldige,
Hawes.
Granville
Metropolitan Trust C o.,
TRUSTEES,
E. F. Knowlton, H ’y K . Sheldon,
John T . Martin, C. D. W ood,
Fred. Cromwell, W m .H . Male,
John P . R olfe.
Ripley Ropes,
E. W . Corlies.
Abram B.Baylis,
H . E. Pierrepont, H . W, Maxwell,
■
t a m e s R o s s Cu r r a n , Secretary.
F r e d e r ic k O. Co l t o n . A*»t. S tc’y.
JosiahO . Low,
A lex . M. W hite,
A . A. Low ,
A le x . McCue,
M ich’ 1Cheuncey,
W m . B. Kendall,
-
FREDERIC D. TAPPEN, Vice-Presidect.
CHARLES M. JBSUP.lSecretary.
IN Y E ST M E N T and M ISCELLAN EO U S
SE C U R ITIE S.
s o u t h e r n S e cu ritie s a S p e cia lty .
T r u s t C o .’ s S t o c k s .
A L L OF TH E
N ew Y o rk
AND
B r o o k l y n C om p an ies’
BOUGHT AN D SOLD BY
W M .
C .
96
N O Y E iS ,
B roadw ay.
See my quotations o f Trust and Telegraph Ptoot»
in Daily Indicator and Saturday’s Evenino Pont
F. H. Smith,
BANKER
&
BROKER,
NO. 2 0 B R O A D S T ., N E W Y O R K ..
S p e c u la tiv e A c c o u n ts S o lic ite d .
Orders received in Stocks fo r large or small
amounts, either fo r cash or on margin.
Particular attention given to investments.
A ll issues o f bonds, either in default or other
wise, carefully quoted.
T W E N T Y Y E A R S ’ EXPERIENCE.
F. H . Sm i t h , iM em bers Consolidated stock and
8. W . Sm i t h , j Petroleum Exchange, New York.
R. T . Wilson & C o.,
BANKERS AND COMMISSION MERCHANTS
2 E x ch a n g e C ou rt, N ew Y ork ,
F I D E L I T Y & C A S U A L T Y CO.
OF N EW YORK.
Gilman, Son & C o.,
N os. 2 1 4 & 2 1 0 B R O A D W A Y .
C A P IT A L , $250,000.
ASSETS, about $050,000
Issues SURETY BONDS, guaranteeing the fidelity
o f persons In positions o f trust, such as employees o f
Railroads, Banks, etc., also Administrators, Guar
dians, etc.
Issues ACCIDENT POLICIES, containing all
modern features.
A lso P L A T E GLASS and BOILER POLICIES Of
approved form s.
Agents will appreciate the advantage o f dealing
with a company which does more than one line o f
business.
OFFICERS.
W M.M.RlCHARDS.Prest. GEOuF.SEWARD.Y.-Prest.
J o h n M. Cr a n e , Sec.
R obt .J. H ie l a s , Ass. Sec.
DIRECTORS.
Geo. S. Coe.
A. B. Hull,
J. S.T.Stranahan, H A. Hurlbut,
A. E. Orr,
J. D.Vermilye,
G. G. Williams, John L. Biker,
Wm. M. Richards.
A. S. Barnes,
J.G.McCullough,
T. S. Moore,
J. Rogers Maxwell,
fleo F Seward.
BANKERS,
No.
NO
O TH ER
AM ERICA.
Cash Capital......................................................... $300,000
Assets and Resources over.............................. 900,000
Deposit with Insurance Departm ent............. 240,000
President:
V ice-P resident:
Si r a l e x . T . G a l t ,
H o n . Ja s . F e r r j s r .
Managing D irector: E d w a r d R a w l i n g s .
STREET.
A lbert Pearce,
1 6 Sc 1 8
BROAD
S T .,
B RO KE R IN A L L KINDS OF INVESTMENT
BONDS, MISCELLANEOUS SECURITIES
AND D E FA U L TED BONDS.
C orresp on d en ce
S o lic it e d .
S I X P E R CENT
I
ncome
Securities.
L a n d D e b e n tu r e s, G u a r a n te e d F a r m an d
C ity M o rtg a g e s, an d S c h o o l B on d s.
Call or write fo r “ T en Years’ Experience in W est
ern M ortgages,” and other Circulars.
N E W ENGLAND LOAN & T R U ST CO.,
NEW YO RK OFFICE:
NO. I l l
CEDAR
B U S IN E S S .
The Guarantee Co.
OF NORTH
62
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment Secnries
B o n d s o f S u r e ty s h ip .
BROADW AY.
1 6 0 B r o a d w a y , N ew Y o r k .
D. J . TOMPKINS, Secretary.
N e w Y o r k D ir e c t o r s —Joseph W . D rexel.F . P.
D icott, Logan C. Murray, J.E. Pulsford, John Paton,
E. F. Winslow, Erastus Wiman. W . Butler Duncan.
Simon Borg & C o.,
N o . 2 6 N A S S A U S T ., N E W Y O R K ,
E.
S.
B
a i l e y
,
51« P I N ® S T R E E T .
d e a l in g s in
i n s u r a n c e
A
:
s t o c k s
S P E C IA L T Y .
Cash paid at once fo r the above securities; or they
will be sold on commission at seller’s option._______
H . L. Grant,
$ 1 ,0 0 0 ,0 0 0
Designated as a legal depository by order o f
Supreme Court. R eceive deposits o f m oney on
Interest, act as fiscal or transfer agent, or trustee
fo r corporations, and accept and execute any legal
rusts from persons or corporations, on as favorable
terms as other similar companies.
THOM AS HILLHOU SB, President.
DEALERS IN
TH E
M il l s B u i l d i n g , 3 5 W a l l St ., N e w Y o r k .
P A I D -U P C A P I T A L , -
N o . 10 W A L L S T R E E T ,
NEW YO RK ,
C A P I T A L , ................................. $ 5 0 0 ,0 0 0
United States Trust Co.
TRUSTEES:
W ilson G. H unt, H . E. Lawrence, W illiam Libbey,
Clinton Gilbert, Isaac N. Phelps, John C. Brown,
Daniel D . Lord, Erastus Corning, Edward Cooper,
Samuel Sloan,
S. B. Chittenden, W .B ay’rdCutting
James Low,
JohnH .Rhoades, Chas. S. Smith,
W m . W . Phelps, Anson P. Stokes, W m .Rockefeller,
D . W illis James, Robt.B.M inturn, A lex. E. Orr,
John J .A stor,
Geo. H . W arren, W m .H .M acy, it,
John A . Stewart, IGeorge Bliss,
H E N R Y L . TH ORN ELL, Secretary.
LOUIS G. H AM PTON . Assistant Secretary.
c i a l .
Real Estate Trust Co. R . A . Lancaster & Co.,
The Brooklyn Trust C o.,
This company is a legal depository fo r moneys
paid into court, and is authorized to act as guardian
o r trustee.
IN TEREST A LLO W ED ON DEPOSITS,
which m ayb e made at any tim e and withdrawn
a fter five days’ notice, and will be entitled to inter
est fo r the whole tim e they may remain with the
company.
Executors, administrators, or trustees o f estates,
and females unaccustomed to the transaction o f
business, as well as religious and benevolent institu
tions, will find this company a convenient deposit
ory fo r money.
JOHN A . S T E W A R T, President,
GEORGE BLISS, Vice-President,
JAM ES 8. C LARK, Second V ice-P res’t
I P u i m
THE
F or the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting dally balances. Such ohecks pass
OFFICERS:
through the Clearing House.
President—FR AN K K . H lP P L E .
TRUSTEES:
Secre
ary—W
IL
L IA M R . P H IL L E R .
James
M.
McLean,
ffm . W hite wright,
Treasurer—WILLIAM F. NORTH.
Henry A . Kent,*
Ambrose C. Kings land,
Real Estate Officer—THOM AS B. PROSSER.
James H. Ogilvie,
R . T. Wilson,
S. T. Fairchild.
W m . F. Russell,
DIRECTORS:
I. H. Frothingham,
C. D. W ood,
George A . Jarvis,
James N. Platt,
George Philler,
Frank K. Hippie,
C. Vanderbilt,
D. C. Hays,
Edward T. Steel,
Henry C. Gibson,!
A. A. Low,
W m. A lex. Duer,
Charles W . Henry,
Lemuel Coffin,
Charles H . Leland,
G. G. Williams,
John F. Betz,
Beauveau Borle,
Edward King,
R. G. Remsen,
Thomas Dolan,
William M. Singerly.
Edward Schell,
B. B. Wesley,
R. Dale Benson.
John Wanamaker,
D. H . McAlpin,
Amasa J. Parker
Solicitor—GEORGE J UNKIN.
George B. Carhart,
Samuel F. Barger,
Chauncey M. Depew,.
Geo. C. Magoun.
H Van Rennselaer Kennedy.
EXE CU TIV E COMM ITTEE:
W m. W hitewright,
G. G. Williams,
Cor. o f Montague and Clinton Sts.,Brooklyn, N.Y.
James McLean,
E. B. W esley,
C A P I T A L (all in U. S. Bonds) - $ 1 ,0 0 0 ,0 0 0
Geo. C. Magoun,
C. D. W ood,
D. C. Hays,
A . C.Einusland. This company is authorized by special charter to
act as receiver, trustee, guardian, executor or admin
E D W A R D KING, President,
istrator.
JAM ES M. MCLEAN, First V ice-Pres’t,
It can act as agent in the sale or management o f
JAM BS H . OGILVIE, Seoond V iee-Pres't.
real estate, collect interest or dividends, receive re
A . O ' RONALDSON, Secretary.
gistry and transfer books, or make purchase and sale
A . W . K E LLE Y, Assistant Secretary.
o f Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction o f business, will
find this Company a safe and convenient depository
for money, R IP L E Y ROPES, President.
EDMUND W .CORLIES, V ice-Pres’t.
N o. 49 W A L L S T R E E T .
C a p ita l a n d S u rp lu s,
$ 7 ,0 0 0 ,0 0 0
[VOL. X L V I,
N o.
145
B R O A D W A Y ,
N E W YORK.
DEALERS IN ALL KINDS OP
R ailroad and Investm ent
Securities.
S o u t h e r n S e c u r i t i e s a Sp e c i a l t y .
STOCKS and BONDS
A t Auction.
The Undersigned hold R E G U L A R AUCTION
SALES, o f all classes of
STOCKS
AMD
BONDS,
ON
C IT Y R A IL R O A D STOCKS & BONDS
WEDNESDAYS AND SATURDAYS.
BOUGHT AND SOLD.
A D R I A N H . M U L L E R & SON,
See Quotations o f City Railroads in this papsr.
NO. 1 PIN E STREET, NEW YORK.
iTH ElCH RONICLE.
M a r c h 3 , 1888.J
JA R V IS-CO N K LIN
MORTGAGE TRUST 00.,
Co n r a d N. J o r d a n ,
President.
CHARLES J. CANDA,
Vice-Pres’t.
F . Bl a n k e n h o r n ,
Cashier.
H . A . Sm i t h ,
Assistant Cashier
C A P IT A L . P A I D U P ,
SI,OOO,OOO
SU RPLU S, - - - - - 1 0 0 ,0 0 0
R e s e r v e L i a b ilit y
»
1 ,0 0 0 ,0 0 0
T ota l
-
-
-
- SA ,1 0 0 ,OOO
This Company offers fo r sale at par and
accrued interest its
S IX P E R C E N T D E B E N T U R E S ,
payable half-yearly at the office o f TH E M E R
CANTILE TRUST CO., NEW Y O R K . These
Debentures run fo r Ten years, but with the
option o f redem ption at the end o f F ive years
T hey are direct obligations o f the Com pany
and are further secured b y an equal amount of
R eal Estate M ortgages on im proved and p ro
d uctive R eal Estate w orth from three to five
WmAH the amount o f the mortgages, held b y THE
M ERCANTILE TRUST CO., which under special
A rticles o f Agreem ent acts as Trustee fo r the
holders o f the Debentures. They are issued in
denominations o f $500, $1,000 and $5,000
These Debentures are & v ery desirable class
o f investm ents fo r Estates and Trust Fundsand fo r individuals and corporations desiring
an exceedingly safe investm ent, w ith a com ,
paratively high rate o f interest.
M o r t g a g e s o n R e a l E sta te in Kansas City,
and im proved farms in Kansas a n d Missouri,
at n ot to exceed 40 per cent o f the value, are
also offered investors.
W rite fo r further inform ation and references
to any one o f the com pany’s offices at
K A N S A S C I T Y M O .,
N E W Y O R K , 239 B roadw ay;
L O N D O N , E N G L A N D , 95 Gresham Street.
T o Wabash Bondholders
On Lines East o f the Mississippi R iver.
Bondholders are hereby notified that engraved
certificates can now b e obtained o f the Central
Trust Company, New York, in exchange fo r Wabash
First and Second Mortgage B on d s; or fo r the tem
porary receipt s heretofore issued.
The New York Stock Exchange has consented to
place the above engraved certificates upon the reg
ular list.
The Bank N ote Company have not yet furnished
engraved certificates fo r th e CONSOLIDATED CON
V ER TIB LE , the 7S OF 1879 and the FUNDED
DE B T BONDS; but as soon as they are received,
further notice will be given.
Nearly 120,000,000, out o f a total o f about $28,000,000, have assented to the p lan; and proceedings
fo r its consum m ation under the agreem ent will be
prosecuted without delay.
Pamphlets giving details o f the reorganization
m ay he obtained from the Central Trust Company
54 W all Street, New York.
JA M E S F. JO Y ,
1
T. H. HUBBARD,
I Purchasing
E D G A R T . W E L L E S , [ Committee.
O. D . A S H L E Y ,
J
CYRUS J. LAW REN CE, 1
H E N R Y K . M cH A R G ,
Bondholders’
T H O S . B . A T K IN S ,
[ Committee.
JO H N T . T E R R Y ,
F R A N K N. L A W R E N C E , J
NEW YORK, February 25, 1888.
r jE E
IN Y E S T O R S
AGENCY.
(M. L. SCUDDER, J r ., PR O PR IETO R,
240 L A SALLE ST., CHICAGO, IL L .
R eports Concerning Affairs of Corporations
RAILROADS ESPECIALLY.
Large Library Railroad Docum ents,
Competent Experts
Confidential Reports.
.
Moderate Chargss.
Send for otrcular.
F IR S T M O R TG AG E
S IX
PER
CENT
BONDS
The Western National Bank
o r THE
OF T H E
Kansas City Water Co.
C IT Y OF N EW Y O R K .
K A N S A S C I T Y , MIO.
fftim u jcta l.
IPtxatucial.
‘J*in a u d iti.
C AP IT A L ,
................................S 3 , 5 9 0 ,0 0 0
N e w YORK, May 14, 1887.
This Bank is now opened fo r business. A ccoun ts
respectfully solicited. The usual banking facilltie*
extended to customers.
Orders fo r purchase or sale o f securities will
receive careful attention.
Foreign Exchange bought and sold. Facilities for
keeping accounts in Sterling Exchange, subject to
d raft in kind, will be afforded. The methods o f re
ceiving such deposits and making payment against
them will be subject to arrangement.
DRAW ON
TH E N ATIO N AL PROVINCIAL B A N K )
OF ENGLAND (Limited,)
> London,
T H E UNION BAN K OF LONDON (L’d ),)
HEIN E & CO., P a r i s .
„
•
JOHANN GOLL A SOEH N B,}
S. BLBICH ROEDE R, B e r l i n .
DE U TSC H SCH W E IZER ISCH B C RE D-) S t G a |i
IT BANK,
)
F . B L A N K E N H O R N , C a s h ie r .
DUE 1 9 0 7 . F A Y A B L E A F T E R 1 8 9 4 .
Interest May 1 and November 1 .
C E N T R A L T R U S T COM PAN Y OF N E W
Y O R K TRU STEES.
The works have cost over 8 1 , 0 0 0 , 0 0 0 , and the
com pany supplies with water the m etropolitan dis
trict o f KANSAS CITY, MISSOURI and K A N SA S,
containing a population o f over £ 0 u ,O 0 G . A first
m ortgage for $ 9 0 0 , 0 0 0 has been placed upon th e
property, real estate, franchises and privileges o f
the com pany,and $ 5 0 0 , 0 0 0 are offered fo r sale, the
balance being reserved fo r future needs. The works
are operated by the N A TIO N A L W A T E R W O R K S
COMPANY, under a contract providing that the net
revenue per year shall not be less than $ 5 4 , 0 0 0 , a
sum equal to the interest upon this entire loan.
W E SOLICIT TH E AGENCY
P r ic e , P a r an d A c c r u e d I n t e r e s t,
OF
N A T IO N A L
BAN K S
A t a C h a rg e o f $5 p e r A n n u m .
GREEN & CUNNINGHAM ,
R e a l E sta te B r o k e r s
1405 F STREET, W ASHINGTON, D. C.
R eferen ce; H on. A . U. W y m a n . Ex-Treasurer
U. 8.. Omaha. Neb._________________________________
Subject to advance without notice.
T A IN T O R & H O L T ,
No. 11 W A L L STREET,
_________________Com er o f New Street.
r r H E IN T E R E S T ON T H E F O L L O W I N G
-I bonds is payable at the banking house o f Messrs
W inslow, Lanier & Co., No. 17 Nassau Street, New
-York City, on and a fter March 1,1888:.
M A R CH 1.
D ayton & Michigan R R . C o .S A N A N T O N IO , T E X A S .
Second M ortgage 7s.
T oledo Depot 7s.
F ort R ecovery, Ohio—
COLLECTIONS AND INVESTMENTS MADE.
School 6s.
Correspondence invited.
Grand Rapids & Indiana R R . C o .Consolidated M ortgage 6s.
Indiana State—
Reg. Tem p. Loan Bonds, 3)4 per cent.
M ER C H A N TS’ N A T IO N A L B A N K ,
Lim a, Ohio—
R IC H M O N D , V IR G IN IA .
W ater W orks 5s.
_
Pittsburg Ft. W ayne & Chicago R ’y C o .Collections made on all Southern points on best
First M ortgage 7s, “ Series C.”
terms; prompt returns.__________ „
Second
M
ortgage
7s,
“
Series
I.
JOHN P . BRANCH, President.
V erm illion County, Indiana—
J o h n F. Gl e v n , Cash. F r e d . R. Sc o t t , Vioe-Pres.
County 6s. .
W abash County, Indiana—
< Gravel R oad 6s.
( T H E M I D D L E S E X B A N K I N G C O .,
M A R CH 2.
A
M IDDLETOW N. CONN.
Miami County, Indiana—
Capital Stock, Paid up, - - - - 0 5 0 0 ,0 0 0
Gravel R oad 6s.
M A R CH 5.
S I X P E R CENT F I R S T M O R T G A G E
Richland, Indiana—
D E B E N T U R E BO N D S
School 6s.
and mortgage notes guaranteed. Interest payable at
M A R CH 8.
National Bank o f the Republic, New fo r k Under B lackford County, Indiana—
same supervision as Sar in?* Banks* Chartered
Gravel R oad 7s.
I K 7 2 . The amount o f outstanding obligation
M ARCH 10.
^Offices—BostcuL 64 Equit ble Building; New York. V erm illion County, Indiana—
Gravel R oad 7s.
11 W ail St.: Philadelphia, 512 Walnut St.
W abash County, Indiana—
Gravel R oad 6s.
M IN N E A P O LIS 6 P E R CENT GOLD Marion, Indiana— M A R CH 11.
S c h o o ls .
M A R CH 13>
D E B EN TU R E S,
H ancock County, Indiana—
Q U AD RU PLY SECURED.
Gravel R oad 6s.
SA FE A N D MOST DE SIR A BLE SECURITIES
M A R CH 15.
Send fo r circular or apply to
Mitchell, Indiana—
School 6}£s.
N E H E R & C A R P E N T E R , B a n kers,
M ARCH 20.
TROY. n . y .
Miami County, Indiana—
stem Managers for Minneapolis Debenture anti
Bridge os.
________________________
.
Northwestern Guaranty Loan Companies,
lutborized Capital, $4,000,000; Paid-up Capital
NOTICE
OF
SALE
OF
C
IT
Y
BONDS.
10,000; Surplus, $50,701.
Notice is hereby given that under and by virtue o f
an act o f the Legislative Assem bly o f the T erritory
FOR S A L E :
o f Montana, entitled A n A ct to enable certain
cities and towns to incur indebtedness, approved.
SE C O N D -H A N D
Sept. 14,1887, the City o f Bozeman, in the County o f
Gallatin, T erritory o f Montana, will, on the 31st
day o f March, 1888, at 10 o ’clook A . M., at the City
H all, in the said City o f Bozeman, sell at public
W e offer the above at low prices lor cash auction to the highest bidder fo r cash, and at n o t
or on easy terms or Car T rust) or w ill less than their fa ce value, Twenty-five Thousand
Dollars w orth o f Bozeman City Coupon Bonds in
exchange for good securities. W hether denominations o f F ive Hundred and One Thousand
you wish to buy, soil, or trade, it w ill pay Dollars each, redeem able in five years and payable
in twenty years, bearing interest at the rate o f six
you to w rite us for lu ll particulars.
per cent per annum, payable semi-annually at th e
T H E N E W YO R K E Q U IP M E N T CO., office o f the City Treasurer o f said city, or in th e
City o f New York, at such bank as the Treasurer o f
the said City o f Bozem an m ay designate—b oth
(SUC06BSOT8 tO W A I aKLEY & CO*),
bonds and interest thereon payable at the place
10 W A L L S T R E E T , N E W Y O R K ,
and bank so designated.
Sealed bids will be received b y the City Treasurer
J a m e s I r v in e , Pres’t.
L. V. Wa lk lh t - Sec’y
o f said Bozeman at any tim e be fo re the said date o f
P H E D U L U T H & IR O N R A N G E R A I L ? sale.
L R OAD COMPANY.—Interest due on April 1st,
B y order o f the City Council.
888 on the Coupon and R egistered First M ortgage
Dated January 21st, 1888.
Tve P er Cent Bonds o f the Duluth & Iron Range
tailroad Company will be payable at the ComJ. V. BOGERT, Mayor.
ianv’8 Office, R oom 9, eighth floor, Mills Building,
D . C. Ca m p b e l l , City Clerk.
«few Y ork.
A . J. PATERSON, Asst. Treasurer.
J. S. A l e x a n d e r , Pres.
A . A . A l e x a n d e r , Cash’r
Texas National Bank,
Railway
Equipment
THE CHRONICLE.
ffitmutial.
Ifitmujctal.
Maxwell Land Grant Co.
ESTA B LISH E D A T AM STERDAM , H O LLA N D .
*6
PER
IS S U E O F 8 2 ,5 0 0 ,0 0 0
C E N T P R I O R L IE N
. In Boston, at the office o f M e ssr s. L e e , H ig g in son & C o.
In P h iladelph ia, at the office o f M essrs. N.
T h o u r o n & C o.
In Amsterdam, at the office o f the M a x w e ll
JLand G ra n t C om p an y.
The bonds will be secured by a deed o f trust or
m ortgage on the Maxwell estate and all other assets
o f the company, and by a prior lien on the income
Tbonds o f the company, o f which not less than £9»5,<000 o f the £1,000,000 is ued have been deposited
■as collateral security with the trustees fo r the new
loan, and also by all other bonds and shares which
have been bought and paid f ,r to make the prior
lien bonds in all respects a prior lien on the estate
i f ree from incumbrances prior to this issue.
By giving the incom e bonds, which form a first
m ortgage on the estate.as collateral security for the
p rior lien bonds now authorized, these bonds have
practically a first lien on the Maxwell es'ate.
The management o f the property, until the date
"When all prior lien bonds will be paid off, is placed in
<the hands o f a Board o f Trustees, pursuant to a ré
s o lu 1ion o f an extraordinary meeting o f sharehold
e r s held in Amsterdam the 6: h o f January, 1888.
23 WALL St ., N e w Y o r k , Feb. 17,1868
T H E M A X W E L L L A N D G R A N T CO.
Subscriptions will be received in New York by
L-— Ç H A S E & H I G G I N S O N , 2 4 P i u ç St*
Montana Central R’y C o/s
H E O K G A N I Z A T IO N
F irst M ortgage 6 P er Cent Bold Bonds«
Chesapeake & Ohio R’y Co.
In accordance with the terms o f the reorganiza
tion agreement, holders o f
OF T H E
Currency Bonds,
CH E SA
Deferred Interest Scrip,
P E A K E <fc
C L A R K , D O D G E Sc C O ..
________________
Second Preferred Stock,
R A IL W A Y
COM PAN Y.
are requested to deposit their securities at once
with D REXEL, MORGAN & CO., 23 W all Street,
New York, who will Issue negotiable receipts there
for, and from whom copies o f the reorganization
agreement and all other inform ation may be ob
tained.
Due notice will he given by the Reorganization
Committee when and as the assessments on stock
specified in the plan are required to be paid.
The right is reserved to terminate the privilege o f
depositing securities and participating In the reor
ganization, or to fix penalties under which further
deposits will be receive 1.
51 W a l l S tr e e t.
FOR
OHIO
F irst Preferred Stock,
Common Stock,
DUE 1 9 3 7 .
Principal and Interest Guaranteed by t h e
St. Paul Minneapolis <& M anitoba
R a ilw a y Company.
FOR SALE B Y
Series “ B ” Bonds,
SALE:
Ohio & W est Virginia 1st 7 P er Cents. 1910.
Columbus & T oledo 1st 7 P er Cents, 1905.
B eech Creek 1st 4 P er Cents, 1936.
B U Y AM D S E L L :
Scioto T alley Bonds and Stock.
Texas Pacific Land Grant Scrip, D eposited an<B
Undeposited.
New Orleans City Bonds, all issues.
G. W . D O U G H E R T Y ,
Member N.Y. Stock Exchange,*
M ILLS BUILDING, R o o m D, F ir s t F l o o b .
1 5 B r o a d S tr e e t, N . V .
N O T IC E .
D R E X E T i, M O R G A N & C O .,
D e p o s it a r ie s .
C. H. COSTER,)
R. J. CROSS,
>Committee.
A . J. T H OM AS,)
’ The trustees appointed are :
B. V . Martin sen, 48 Exchange Place, New York.
Charles Fairchild o f the firm o f Lee, Uiggtnson &
<Co., Boston, Mass.
M. P. Pels, agent o f the Maxwell Land Grant Comonittee, Denver, Colorado.
N. Thouron o f th j firm o f N. Thouron & Co., Phil,
tadelphia.
Samuel L. Parrish o f the firm o f Parrish & Pen
d le to n , New York.
Frank Springer o f Las Vegas, New M exico.
Henry M. Porter, Denver, Coloredi.
The powers and obligations o f the Board o f Trus
tees are regulated In the trust deed above men1tioned, c o p f s o f which are at the disposal for inepection at the offices o f the is uing houses.
The issue o f the $3,<'00,000 six per cent prior lien
•bonds has been duly authorized by the shareholders
o f the Maxwell Land Grant C >mpany and the
¿■pledging o f the incom e bonds has been made under
special approval o f the holders represented by the
Maxwell Land Grant Committee and ratified, as far
¿as necessary, by their constituents.
T he capital o f the Maxwell Laud Grant Company
4 s composed as follows :
£1,000,000 shares (a'l issued).
£1,000.000 Income bonds (o f which at least £985,000
are pledged for the security o f the prior lien bonds).
A3,COO,(-00 six per cent prior lien bonds.
W he object o f the present issue is to con>olidate
•the floating liabilities ot the claims against the
-com pany, to cover several payments and expenses,
and to obtain the funds fo r the developm ent o f the
.resources o f the estate, during the tim e necessary
t o gradually sell and dispose o f the laud.
A ll moneys received from such sales o f land to
•the extent o f an average price o f five dollars p e r .
acre, and one-h alf o f thé price which may be re
ceived in excess o f such price, are to be immediate
ly applied to the r demption o f bonds at par at
annual drawings : and if the remaining ha f o f such
e xcess above five dollars per acre should exceed
-$200,000 in any year, the amount so exceeding
-$200,000 will be added for redeeming bonds.
T he interest on the bonds will be paid out o f the
revenues derived from the rents, issues and profits
o f the real and personal property, after having
■deductedfrom it the expenses o f administration,
management and protection o f the property, in■cluding taxes and cost o f maintaining the corporate
-organization, including expenses o f the Board o f
Directors; and, if in any year the current income
. shall not be sufficient to pay these expenses and
th e interest on the six per cent prior lien bonds
outstanding, the Trustees shall be authorized to use
A nd apply to the payment o f such deficiency o f ex- penses at d interest such sums t s may be necessary
■Out o f the proceeds o f lands, or o f mines, cattle and
leases, or out o f the $275,000 cash reserved under
special trust out o f the proceeds o f this issue,
The estate situated in Colorado and New M exico
•contains about 1,700,000 acres o f land.
The title o f the company to the estate has been
in d isp u ta b ly confirmed by the decision o f ‘the United
¿States Supreme Court In April, 1887.
The estate contains large tracts o f coal land and
tim ber land, and Is fit fo r raising cattle and fo r agri■cultural purposes.
A ccording to inform ation from com petent and
reliable persons, the immediate market value o f
J,th e estate very much exceeds the nominal amount
Of the authorized Issue o f prior lieD b ind s. This
inform ation is fully confirmed by the several appli•catlons fo r purchase o f tracts o f lands already r e
ceived, the uncertainty prevailing until recently
about the title to the land notwithstanding.
It is reasonable to expect that the Increase in
population and the scarcity o f Government land
and o f tim ber in this section of the country will
-gradually increase the value o f this property.
The Maxwell estate is traversed by the Atchison
T op eka & Santa Fe Railroad from north to south.
T h e Denver & F ort W orth Railroad is now con-Structing Its line on the grant, and it is almost cer
tain that in no distant future other companies will
a lso build on the grant.
Scrip certificates will be Issued to the subscribers
¿and exchanged into bonds as soon as ready.
XLVh
If inane ial.
OF T H E
BONDS
Redeemable 1st January, 1913, at 110 per cent, or
•oonef, by yearly drawings at par.
Principal and interest (half-yearly) payable In gold.
Authorised issue................... .......................... $3,000,000
Present iss u e ........... .................. . .................. . 2,500,*'00
in 5,000 bonds o f $500 each (of which! a full paid
am ount o f $150,000 have been accepted In payment
- at par fo r cattle and improvements on the estate).
An amount o f $850,000 has been reserved for the
. shareholders and incom e bondholders o f the com
pany, to be issued to them and paid fo r at par.
T he balance o f $500,000 will be held in reserve fo r
possible future needs o f the company, and placed
tinder special trust.
Issue price, 9 4 M per cent flat, or 8 4 7 1 2 5 per
: $500, payable as follows : 10 per cent on application,
balance 9<h March, 1888.
The interest on the new bonds runs from 1st
. January, 1888, and the first coupon is payable on
t h e 1st o f July, 1888, at the oution o f the holder, in
N ew York, London, or Amsterdam.
Subscriptions on 8 8 0 0 ,0 0 ( 1 o f the bonds at the
above-nam ed conditions will be received up to
M arch 5th.
[Y o u
23 W a l l St ., Ne w Y o r k , Feb. 28,1888.
TO SE R IE S “ B ” BONDHOLDERS
OF THE
Chesapeake & Ohio R’y Co.
In accordance with the provisions o f the plan o f
reorganization, M A R CH 15,1888, is hereby fixed as
the date on or before which Series “ B ” Bonds must
be deposited with Messrs. Drexel, Morgan & Co., in
order to draw interest from N ovember 1,1887.
On bonds deposited after March 15,1888, Interest
will accrue only from May 1,1888.
D R E X E L , M O R G A N Sc C O .,
D e p o s ita r ie s .
C. H . COSTER, )
R . J. CROSS.
£ Committee.
A . J. TH OM AS,)
The new Second Mortgage Bonds, Scrip and S tock
o f the W ESTERN N EW YO RK & PENNSYL
V A N IA R A IL R O A D COMPANY, to be issued in.
exchange fo r certificates o f securities deposited,
under the plan o f reorganization o f the B U F F A L O
N EW YO RK & P H IL A D E L P H IA R A IL R O A D
COMPANY, will he ready fo r delivery on SAT (JBtD A Y , M ARCH 3.
H olders o f the above certificates are requested t o
present them as early as possible to the deposi
tories by whom they were respectively issued, viz.:
T H E BAN K OF NEW YO RK , N. B. A .,
48 W all Street, New York, o r
T H E F ID E L IT Y INSURANCE, TRUST & SAFE
DEPOSIT COMPANY,
325-331 Chestnut Street, Philadelphia,
as this will greatly facilitate the delivery o f the n e w
securities,
By order o f the Committee,
A . M ARCUS1, S ecretary.
N e w Y o r k , Feb. 25,1888.
(fc ^ n n n n
f ir s t
m o rtgage
r a il
.
« ¡ p t H y i U U ROAD BONDS, defaulted, with,
unpaid coupons, o f running road; whole recoverable
by suit here. For sale, very low price. R o o m 3 ,
110 Pearl Street.
Fifth Avenue Hotel,
M a d is o n S q u a r e , N E W Y O R K »
Mobile & Ohio Ra’lroad Co.
N O T IC E .
A m eeting o f the holders o f the several series o f
the P referred Incom e and Sinking Fund Deben
tures will be held in conform ity with the terms o f
the D eed o f Trust o f May 1,1879, at the agency o f
the Company, No. 11 Pine Street, in the city o f New
York, on the 31st. day o f March n ext at 11 A . M.
The transfer books will close at 3 P. M. on the 15th
day o f March and reopen on the 2d day o f April.
H. TACON, Secretary.
M o b i l e , February 27,1888.
Mobile & Ohio Railroad Co.
N otice to H o ld e r s o f the S e v e ra l S e r ie s o f
D e b e n tu r e s .
Holders are requested to signify their assent to
the plan o f readjustm ent adopted at the meeting o f
the Debentures held February 24th Inst. Details
o f the plan and form s o f assent can be obtained at
the office o f the Farm ers’ Loan & Trust Company,
No. 20 William Street, or at the office o f the Rail
road Company, No. 11 Pine Street.
F. D. TA PPEN , ■) Committee
R . K. DOW,
of
T . W . EVANS,
f Debenture
E. H . BONNER, \ H olders.
A . H. STEVENS, J
N e w Y o r k , Feb. 27,1888.
Staten Island Securities
A S P E C IA L T Y .
Gas» R ailroad and Electric L ight Co*
Stocks,
GEO.1 8 . R IP L E Y ,
€6 B r o a d w a y , B o o m 8*
The Largest, Best Appointed and Moat L ib era lly
Managed H otel in the City, with the M ost Central'
and Delightful Location.
HITCHCOCK. DARLING A CO.
Bible Hotel,
AM STERDAM , HOLLAND.
Beautifully situated in the centre o f the city, close
to the Railway Station and the Exchange. First,
rate cooking. Excellent wines. Moderate prices.
W. P. WERKER. Manager.
Massasoit
House,
S P R IN G F IE L D , M ASS.
T H E BEST APPOIN TED HOUSE IN W E S T E R S
N EW ENGLAND.
Convenient fo r the tourist or business man. N eat
Union Depot.
w . H. CH AW S.
Spencer Trask & C o .,
B A N K E R S dk BR O K E R S,
16 and 18 Broad Street, N. ¥.
Albany, N .Y . - Providence, R I .
Saratoga.
Transact a General Banking Business*
Special attention given to Investment
Securities.
Direct Private W ires to each office and to
P H IL A D E L P H IA ,
BOSTON,
WORCESTER.
HUNT'S
MERCHANTS’
%
R E P R E S E N T IN G
THE
IN D U S T R IA L
VOL. 46
W
u f e l«
AND
MAGAZINE,
fm s s p a p * * ,
C O M M E R C IA L
IN T E R E S T S O F T H E
SATURDAY, MARCH 3, 1888.
NO. 1,184.
TH E CHRONICLE.
C learing House R eturns............ 267 Im ports and E xports fo r Jan
u a ry ........................................... 273
T h e Financial Situation.............. 268
Congress and our F in a n o e s .... 270 Review o f Prices in February.. 274
U. S. Treasury Statement....... 274
P riv ate ow n ersh ip o f Rolling
S t o c k ...........................................271 M onetary and Commercial
274
English N ew s......... ...........
T he C hicago & A lton State
m ent....... .............
272 Commercial and MisceUaneous
N ew s.......................................... 276
$ h e © h m iitle .
Term s o f Subscription— P ayable In Advance :
For One Y ear (including p o sta g e ).........................................$10 20
F o r Six M onths
do.
..................................... —
y
European Subscription (including p osta g e)..................... -. H 28
Annual subscription in London (including p osta ge)......... £ 2 7 s.
j } i * Mos.
do
do
do
......... * 1 8s.
These prices include the I n v e s t o r s ’ S u p p l e m e n t , o f 120 pages
issued onoe in tw o months, and furnished w ithout extra charge to
subscribers o f the C h r o n i c l e .
.
, _
A file cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound fo r subscribers at $1 00.
L on d on A g e n ts:
Messrs E d w a r d s & Sm ith , 1 Drapers’ Gardens, E. C., w ho w ill take
subscriptions and advertisem ents and supply single copies o f the paper
each
JOHN G. FLOYD.
M
( W I L L I A U JR. » A N A & C o ., P u b lis h e r s ,
1 0 » W i l l i a m S tr e e t, N E W Y O R K .
f
PoST OFFICE B OX 958.
C L E A R IN G
HO USE
RETURNS.
Although the bank exchanges for the week ending Februa.
r y 25th record a heavy decline from those for the previous
week, the falling off is the result entirely of the loss of one
day’s business through the occurrence, on Wednesday, of the
W ashington’s Birthday holiday. The dealings in shares on
th e New York Stock Exchange for the five days were but lit
tle below the total for the previous week, and at Boston the
transactions show an increase over the previous week, not
withstanding the less number of days included. Speculation
generally, however, is quite dull, especially in railroad prop
erties. Other influences which are adversely affecting busi
ness, and consequently acting to diminish the volume of
clearings, are the railroad rate wars, which no efforts have as
yet been successful in settling, and the uncertainty as to what
action Congress will take in regard to the tariff and the Treas
Week End'g Feb. 18»-
Week Ending Feb. 25.
C O N T E N T S .
At? I s
U N IT E D S T A T E S ..
1888.
1887.
$
$
P. Cent
1888.
$
527,254,663
P. Cent.
—17-8
451,514,278
495,390,806
—8'9
Sales of—
(Stocks............. shares.)
(C o tto n ............. hales.)
(Oraini..........bushels.)
1Petroleum............bbls.)
(666,027)
(483,500)
(21,095,100)
(26,720,000)
(1,892,783)
(384,700)
(38,643,500)
(35,190,600)
(—522
(+29-5)
(—37-3)
—(24*1'
Boston...... ....................
Providence....................
Hartford.......................
New Haven...................
Portland.................. ...
Worcester.....................
Springfield...................
Lowell............................
68,991,888
4,172,500
1,553,709
1,035,855
762,352
828,867
958,082
584,172
71,659,728
4,211,100
1,518,083
970,560
585.551
705,122
806,868
477,081
—3'7
—0-9
-f2 ’3
+6*7
+80-2
+175
+18-7
+22*4
82,654,916
5,013.08©
1,706.207
1,097,583
827,285
915,708
1,068,820
721,859
+0-3.;
4-6-1
—1-1
45-3-.
—2*5
+15-71
+86-6
4-86-9.4
New York......................
(708,560) (-54-2)
(330,400) (+25-3>
(30,694.685) (-23-3)
(25,026,000) (-5-4)
Total New England...
78,887,375
81,934,098
-2 5
94,005,378
+ Ï-8 '
Philadelphia..................
Pittsburg.....................
Baltimore......................
51,240,577
10,274,919
9,763,896
54,928,955
8,101,899
12,432,648
-0 -7
+20-8
—21-5
56,469.292
10,294,258
10,781,875
—2*8+17-6—8‘7 .'
Total Middle...............
71,279,892
75,463,497
—5*5
77,545,425
-10-
Chicago..........................
Cincinnati...... ......... .
Milwaukee.....................
Detroit.........................
Indianapolis..................
Cleveland......................
Columbus.......................
Peoria............................
Omaha............................
Minneapolis...................
Denver..........................
St. Paul, i .......................
Grand Rapids................
Wichita..........................
42,751,757
10,105,050
3,230.480
2,934,838
1,824,877
2,624,403
1,697,495
822,115
1,987,048
2,107,228
1,707,554
2,808,50«
406,054
1,529,133
+14*9
-16-8
+16-0
4295
422-4
+7*2
+16-2
451*5
-i-25-3
+25-9
+26-2
+4-4
424-0
-60*8
5 ,943,646
+ 7 '8 ■
-1 8 -8
+14-4 :
+10-5
447-4
—a-8
+ 31-1
+42-2L-;
432-5
+9-6
+31-31
—8 7
+40 9 *
—54-8-
Topeka*.........................
49,135,085
8,403,400
8,747,293
3,800.449
1,621,288
2,814,106
1.972.235
1,245,297
2,489.261
2,729,325
2,154,355
2,931,508
508.320
610.020
934,994
240,360
Total Western............
84,146,942
70,096,588
+10-6
90,457,651
+5-1
St. Louis.......................
St. Joseph......................
New Orleans..................
Louisville......................
Kansas City...................
Memphis... ..................
Galveston.......... ..........
Norfolk..........................
16,730,447
1,111,017
8,920,918
4,622,13«
6,109.995
2,434,661
724,391
798,670
15,070,944
1,035,185
7,726,338
4,272,275
6,774.666
2,876.385
939.771
788,389
411-0
4-7-3
+15-5
+8"2
—9-8
+2'4
—229
+ 1-3
17,207,577
1,325,984
9,405.745
5,900.213
6,930,308
2,061,850
785,955
919,272
+8-5 +13-8 ■
+2-1
+10-9
—11-8
—J l-2
Total Southern..........
41,452,238
38,983,953
46-8
44,602,919
+2-3
San F rancisco......... ..
13,074,098
10,938,347
+19-5
17,006,057
+57-3
Total all................... .
Outside New York.......
740,354.323
777,807.234
-4 -8
850,932,093
-1 0 4
288,840,0.5 .282,410,428,
-(-2*3
323/77,430
9,642,350
3,952.473
8,880,628
1,830,466
2,888,771
2,154,619
1.372,«9i'
2,981,586
2,991,259
2,800,459
3,828.729
558,897
681,078
1,019,037
230,547
+4-7
+3- 8P
* Not included In totals.
The returns of exchanges for the five days, as received b y
telegraph this evening, are given below.
Contrasted w ith
the five days of 1887 the total for the seven cities records a.
decline o f 21'1 per cent. Our estimate for the full week ended!
u ry surplus.
March 3 indicates a decrease from a year ago of about 16*ff
Instituting comparison with the similar week of 1887, per cent. Messrs. R. G. Dun & Co. report the number o f
which also embraced only five business days, we find that failures for the week ended to-night as 244 (202 in the United
there is a decrease in the total for all the cities of 4-8 per cent, States and 42 in Canada), against 270 last week and 229 forbut that the aggregate outside of New York exhibits an e x
same time a year ago.
cess of 2*8 per cent. The most important losses from a year
ago are at-W ichita, 60-8 per cent; Galveston, 22’9; Baltimore,
Week End's Feb. 25.
Week Ending March 3.
21*5; Cincinnati, 16 8; Kansas City, 9*8; and New York, 8*9 Returns by Telegraph.
P. Cent.
1888.
P. Cent.
1887.
1888.
per cent. In percentage of gain Peoria leads with 51*5 per
«
*
$
cent, and is followed by Portland, 30*2; Detroit, 29*5; Pitts New York.. .... . . . . . . . . . 453,861,964 591,661,448 - 2 5 0 874,384,678
-4 0 (522,344) (—500)
(1,381,236) (-49-9)
(092,674)
burgh, 26*8; Denver, 26’2; Minneapolis, 25*9; and Omaha, 25*3 Sales o f Stock (shares) . ••.
50,288,696
—S’T
-1 3-8
77,351,479
60,681,199
per cent. Contrasted with the corresponding week of 1886,
-7 - 4
42,034,011
61,358,726 —28*1
44,132,632
th e current total records a decline of about eight and three8,003,488 - 1 9 4
11,970,697 —15*6
10,097,055
-8 9
40,777,000
+16-3
49,735.000
45,329,000
quarters per cent.
+11-1
-3 -7
14,027,675
14,530,859
13,998,112
On the New Y ork Stock Exchange the operations for the
+ 9 -3
+6-7
6,635,051
8.Ì87.203
8,738,196
New Orleans..................
week embrace a market value of $37,212,000, against $68,-3 2
-21-1 542.100,499
642,838,758 814,794,912
—18-4
872,000 for the similar period a year ago. Pursuing our usual
-9 -0 114,102,422
Estimated 1 day ....... 133,102,467 140,301,027
method of deducting two-and*a-half times these values from
-6 -3
-1 9-3 650,202,921
775,941,225 961,095,989
Total full w eek...,.
+8*1
84,151,402
the New York totals, leaves as the exchanges arising through Balance Country*......... 106,092,104 97,232,809 + 1 0 0
-4 -8 t
other business $358,484,278 and $323,210,806 respectively in the
Total w eek,all....... 882,938,329 1.058,328,748 —16-0 740,354,323
t w o years, or an increase of 10’9 per cent.
* For the full week, based on last week's returns.
268
THE CHRONICLE.
Government.
T H E F I N A N C IA L S IT U A T IO N .
morally
The money market has not outwardly given any very
since
[VOL.
x l y i.
The world is believed to have developed
the
last
Poland
but the belief will be
proved
was
torn
in
pieces
a mere fiction if that
marked evidence of changing conditions this week, and
little struggling power is bound and delivered over
represented by a combination of European States to the tender mer
by bankers’ balances the improvement [is hardly observ cies of the northern bear; in such a contingency the work
yet the tendency is obviously upwards.
As
able ; to be sure the rate went up to 5 per cent on Thurs'
of saving it would be a crusade worth joining.
day, but it was a manipulated advance, and very few
also reports the continuance of the discount rate in London
The cable
loans were made at that figure, though there were more for sixty day to three months’ bank bills at 2 per cent;
effected at 4 per cent, this little flurry leaving the extremes
at Paris the rate is 2£ per cent, while at Berlin it is I f
for the week 5 and 2 per cent,[and making the average 2£
per cent and at Frankfort I f per cent.
Most likely the
A s to the banks and trust companies, they have rise on the Continent is due in part to the flurry at St.
obtained
to 4 per cent on all the money they have put Petersburg. The Bank of England gained £ 3 9 4 ,0 0 0 bul
out on call. For time loans on prime collateral the quota lion during the week, made up, as we are informed by a
per cent.
tion is now 4^ per cent for from sixty to ninety days, and private cable to us, by an import, in part from Australia,
4-|@5 per cent for from four to six months; on good mixed
security with
liberal margins
the rates
are fraction*
ally higher than those above quoted for the same periods.
The business done in this class o f
of £ 2 7 9 ,0 0 0 and by receipts from the interior of Great
Britain of £16 6 ,0 0 0 , decreased by an export to various
points of £ 5 1 ,0 0 0 .
loans is by a few trus*
Our foreign exchange market has this week been firm
and insurance companies in this city and by out-of-town
at an advance of half a cent per pound sterling, some
institutions, but none of our city banks are doing that
drawers having posted rates a half cent still higher, or one
business so far as we can learn; they all report a good
cent above those ruling last week.
demand for money from their customers for all they care
reinforced by remittances required for the sales of stocks
to put out.
For commercial paper there is only a limited
demand, principally confined to country buyers.
supply is more liberal this
first
paper
of
March
was
a
thrown
who
had
been
who
needed
upon
holding
money
first of the month.
week,
because
comparatively
to
the
it
large
on
the
amount
market
for
The
by
of
The demand has been
on European account, while the supply is light; there is
an especial scarcity of commercial bills, since not only
is
the
trade movement
at
this
period of
the
year
naturally against us, but we are this spring inclined
people
to hold on not only to our breadstuffs, but with
and more reason to the remnant of our cotton crop. "With
dated on the such conditions as to the merchandise movement and with
better
discount bills
rates,
The rates are 4 f @ 5 £
per cent for
confidence in American securities for the moment unset
sixty to ninety day endorsed bills receivable, 5 @ 5 £ for four
tled by reason of the strikes which have taken place, by
months acceptances and 6 to 7 per cent for good single
the rate cuttings in the W e st and the speculative stagna
names having from four to six months to run.
tion here, it is not surprising that there should have
A s to the
future of money the tendency must be upwards so long as been a decided advance in rates and a strong exchange
the prospect of gold shipments is before us, and the
market. Nothing has prevented higher figures but the
Treasury is compelled to put its current accumulations loans which have been placed in Europe and not yet fully
into its own vaults; obviously as rates go up, this latter drawn against. The presumption is that unless the con
course,
now a necessity, as we explain below, may be
ditions speedily improve exchange will further advance
changed, and the surplus be put, in part at least, into
and gold shipments will become necessary.
banks again, since banks will, with higher rates ruling,
tion of the state of current foreign trade movements may
be more willing to take the deposits offered.
The passage
be gathered from the figures for January which have
by^h e House of the bill authorizing the Secretary to
been issued this week.
use his surplus in purchasing bonds, is a first step towards
month for seven years.
supplying a relief in the case of an emergency.
W e have
out special feature this week,
M e r c h a n d is e .
Russian paper
roubles to 163, the lowest price on record.
That figure
1453 means the value in German marks of 100 roubles;
as the exchange value of the mark here was about 23£
cents, the worth of the paper rouble in our money on
that day would be a little under 39 cents and the London
value about 19d.
V ery likely what precipitated the crisis
was the report that Russia had failed to negotiate a loan
which
it
European
has
been
market.
so
Year.
the cable reports a panic in
St. Petersburg on Tuesday due ostensibly to the failure
of a bankiDg firm coupled with a fall in
eagerly
These
seeking
events
in
every
must
for
in
Russia
W e give below the totals for that
FOREIGN TRADE MOVEMENT OF THE UNITED STATES— (000s O m itted.)
remarked upon this legislation in a subsequent article.
W h ile the principal European markets have been with
Some indica
188*.
Jan ....
1883.
Jan ....
1884.
J an ....
1885.
J an ....
1886.
J an ....
1887.
J an ....
1888.
Jan ....
Go l d .
Excess
Exports. Imports. o f E x
ports.
ports.
E xports.
Si l v e r .
Excess
Excess
of E xof
ports. ports.
ports.
Imports.
$
64,921
$
56,956
$
7,905
$
1,134
$
102
1,032
*,182
$
534
%
1,648
80,380
56,971 *3,409
1,310
34
1,276
*.518
895
1,623
i
2
73,990
54,311 19,679
525
154
371
*,314
1,103
1,151
80,533
42,221 38,312
*,075
1,446
629
*,229
1,093
1,136
57,988
47,415 10,573
1,700
*,582
*876
*,907
1,023
1,884
71,584
51,951 19,583
3,536
629
*,907
1.916
1,194
722
63,055
58,488
895]
6241
*229
*,238
1,190
1,042
4,567
* Excess o f exports.
the
It will be noticed that our merchandise balance is 15
on million dollars smaller than it was last year, and in fact it
all efforts towards reaching gold payments which is the smallest total of any January in our record.
we referred to last week.
They ought also to make
The changes in the public debt, in the revenue receipts,
present
at
least
have
the nation less belligerent.
put
a
check
On this point it is gratifying
and in the conditions of the Treasury as to currency hold
reply ings &c., have been made public with the first of the
to Russian proposals concerning Bulgarian affairs, has month but have attracted less notice than usual on account
to
see it
reported that Great
Britain
in
her
declared her inability to advise any steps leading to the
of the appearance at the same time of the tariff measure
removal of Prince Ferdinand before satisfactory measures of the W a y s and Means Committee. They are, however,
are proposed to settle Bulgaria’s future after his removal. full of interest and come as a reminder of the absolute
That ought to
be the ultimatum of
every European
necessity which exists for a sharp, incisive revision of our
THE CHKONICLE.
March 3, 1888.)
269
■entire revenue system; furthermore, they remind us, that
the net, the exhibits are not so good, and we have
i f we do not also hasten in this matter, a supplementary had some this week that are decidedly bad, notably that
act will be needed, before the present measure will go into of the Reading, which against net of $749,435 in Jan-
effect, to keep pace with the increasing surplus.
W e give uary, 1887, this year failed to earn operating expenses
our usual monthly statement of receipts and expenditures
by $73,013, being a comparative loss of $822 ,448 .
in a subsequent column, and it is only necessary to say
of course the strike of the miners is wholly responsible
But
here that the revenue the past month was about
million for this loss. Still the Pennsylvania (Eistern system)
dollars more than it was the same month of 1887 and since also shows a considerable falling ofE in net— $208 ,431 ,
the first of July has been about 13£ millions more than for though as gross has increased $342,208, this merely
the same period the previous fiscal year, whereas the expen indicates
another
very
heavy
augmentation
in
ex
ditures have during the same eight months been about 8
penses.
million dollars less, making the increase in surplus up to
diminished net on increased gross, the ratio of change
The Louisville & Nashville likewise
reports
this time compared with the same months of the previous
not being very large in either case. The Northern Cen
fiscal year over 21 million dollars. A s a consequence of these tral has lost in gross and at the same time increased
conditions, the Treasury accumulations of currency have expenses, so the net has been cut down about one half.
increased again, as may be seen from the following state On the other hand, exceptionally favorable statements of
ment compiled in our usual form.
net are made by a number of Southern roads, especially
U. S. Treasurer's
net holdings of
July 1,
1886.
Jan. 1,
1888.
July 1,
1887.
February 1,
1888.
March 1,
1888.
the Norfolk & Western, the Fort
W orth
& Denver,
the Memphis & Charleston and the Cape Fear & Yadkin,
G old.................. $156,793,749 $186,875,609 $208,608,130 $202,955,184 $212,309,914
while in the E ist the Allegheny Yalley, the Rome W ater-
Silver................
96,229,539
73,348,425
45,294,753
48,156,850
47,150,904
town &
U. S. N otes......
22,868,817
20,013,797
15,424,425
18,015,489
22,207,087
Bank N o te s ....
149,014
197,040
164,093
90,714
132,700
F rac’nal Silver*
29,282,496
27,094,192
24,383,290
25,133,590
25,521,289
In Sub-Tr’sur’s $305,323,115 $807,529,129 $293,874,691 $294,357,807 $307,941,954
In deposl’ y Bks
14,435,199
22,991,302
52,199,918
59,372,908
61,546,009
O^densburg and the
Pennsylvania
better than hoped for in view of the bad weather that
prevailed during the month.
reported their net for
* Including m inor coin.
N o t e .— Trade dollar bullion, o f which the Treasury n ow holds $6,649,02 3, w e take no account of, as silver bullion is not currency, and works
n o change in the volum e o f the circulation, whether it is in or out of
the Treasury. We include, however, in each case the small item o f silver
bullion incorporated in the Treasury statement o f net silver holdings,
since if we changed the official figures it m ight confuse som e readers.
As the bullion so carried is generally about 5 m illion dollars, or less,
including it does not affect the com parison materially.
improvement, and
The more important facts to note here are that since
the
net
currency
has
holdings
in
been
an
addition to
Treasury
vaults
of
13£ million dollars, notwithstanding the Secretary has
added to the
holdings in
depositary banks about
The
Erie has trifling gains in both gross and net, which is
Grand t o ta l.... $319,758,314 $330,520,431 $346,074,609 $353,730,775 $369,487,903
the first of February there
Western New Y ork &
have also done remarkably well.
Altogether 36 roads have
January, and of these 22 show
14 losses.
The following is a com
parison of the Pennsylvania figures for six years.
JAN U ARY.
1888.
Pennsylvania.
Gross earnings......
Operat’g expenses
1887.
1886.
1885.
N et earnings... 1,005,920 1,214,851
951,541
W estern lines......
+00,510 +154,951 —133,687
R esu lt...............
1884.
1883.
$
$
$
$
$
$
4,193,979 3,851,771 3,421,530 3,277,522 3,574,233 3,929,357
3,188,059 2,037,420 2,469,995 2,286,948 2,408,097 2,458,299
1,066,430 1,369,302
817,854
990,574 1,160,136 1,471,058
—42,807 —110,585 +221,810
947,707 1,055,551 1,692,868
Thus the Pennsylvania though showing \the largest
gross ever made, falls considerably behind in the net as
millions and has sought to make this latter item even compared with the best previous years.
larger.
W e have heard of banks in this city which have
The course of the stock market this week has been
this week been offered larger deposits and would not take quite irregular, the fluctuations having been governed
them.
Of course, if the money market becomes much largely by the interpretation and coloring placed upon
closer, as the rates of interest advance the inducement to certain events and influences having a general bearing
take these deposits will become greater.
But be that as it
upon the situation. The sudden precipitation of a strike by
may, we all know that the depositary method is a mere
the Burlington & Quincy engineers, and the consequent in
temporary makeshift for averting a catastrophe, and only
terruption of traffic on that system of roads, made the tone
makes clearer what the foregoing facts emphasize so dis
weak and depressed early in the week, to which the further
tinctly and positively— the necessity there is for imme rise in foreign exchange and some selling of securities for
diate and liberal reductions of revenue.
European account contributed.
Trade remains the same as heretofore reported.
A t this time, operators
Out for a decline displayed considerable activity, selecting as
side of the iron and steel industry, where special causes
weapons of attack Louisville & Nashville, Erie seconds,
o f depression are at work,
and Philadelphia & Reading.
favorable look.
the situation wears a very
A s the week progressed, it
Of course profits are not large— prevail became apparent that the Burlington & Quincy was gain
ing prices, as compared with the cost of production, do ing the npper hand in the strike, and this imparted an
not admit of that— but it is really surprising to note how improved tone to the market on Thursday, resulting in a
heavy consumption is, and this is in a measure true even recovery in prices.
of the iron trade.
There were also other developments
In almost every department of business of a favorable nature.
In the first place, Congress made
one hears the common report that, though not much some progress towards a solution of pressing fiscal prob
money is being made, things are very active.
It is this lems— the House passed the bond-purchase bill and the
large consumption and heavy business that encourages sub committee of
the Committee of W a y s and Means
the hope that when the future shall no longer be clouded
reported a tariff measure.
by fears of Treasury accumulations of money,
agers, instead of resulting in a disagreement as current
all cause
for complaint as to the prospect will be removed.
Railroad gross earnings are strong evidence of the
industrial activity prevailing.
For the
third week of
The meeting of trunk-line man.
reports had led the public to believe, proceeded very sat
isfactorily ; it was voted to proclaim the summer schedule
of rates, and all lines affirmed their determination to
February we now have returns from 76 roads, and though
adhere to this schedule.
there are quite a number that fall behind, yet on the roads
war
as a whole there is a gain of 8*48 per cent over the same
agreement has yet been reached for a restoration of rates-
week last year, which is the
Yesterday the accounts with regard to the Burlington &
more satisfactory that in
were
Reports from the W estern rate
also pretty generally
favorable,
though no
this week last year there was a gain of 10*74 per cent on
Quincy strike being conflicting— some had it that the
66 roads over the corresponding week in 1886. A s regards
whole matter was to be adjusted, and others^that the
THE CHRONICLE.
270
strike was to be extended to other lines— the market
C O N G R E S S A N D OU R F IN A N C E S .
reflected this uncertainty in the course of prices, though
on the whole was again quite weak. The New Y ork Stock
fV oL. X L \ I .
Congress seems to have become inspired with no little-
Exchange began dealings in Pipe Line certificates (petro
zeal this week.
leum) on Thursday, and has been doing a large busi
practical unanimity the bond purchase bill which was-
ness.
The Mobile & Ohio announces a reorganization
On W ednesday the House passed with
reported by Mr. Mills from the W a y s and Means Com
It authorizes
u the Secre
scheme for supplying it with funds for present and future
mittee about three weeks since.
needs for construction and improvement, and to improve
t a r y of the Treasury to apply the surplus money now
Assent to the
“ in the Treasury and such surplus money as may here -
plan is voluntary.
The following statement, made up from returns collected
“ after be in the Treasury and not otherwise apprrpriated,
the prospects of holders of its dtbentures.
“ or so much thereof as he may consider proper, to the>
by us, exhibits the week’s receipts and shipments of cur
“ purchase or redemption of United
rency and gold by the Mew Y ork banks.
bill now goes to the Senate, where we hope and believe-
St tes bonds.”
Tnis.
it will meet with speedy and favorable action.
Shipped by
Received by
N . Y. Banks. N . Y. Banks.
Week ending March 2 , 1868.
11.978.000
$1,069,000
21,000
Gain.
Boss.
$909,000
23,000
$1,978,000
$1,092,000
Gain.
$886,000
G o l d ....................................................
Total gold and legal ten d ers....
Net Interior
Movement.
The above shows the actual changes in the bank holdings
of currency and gold
from the interior.
In addition to that movement the banks
have lost $ 4,200,000
Treasury.
caused by this movement to and
through the operations of the Sub-
A dding that item to the above, we have the
following, which should indicate the total loss to the New
Y o rk Clearing House banks of currency and gold for the
week covered by the bank statement to be issued to-day.
Into Banks. Out of Banks. Net Change in
Bank Holdings.
Week ending March 2 ,1888.
It has been urged that the measure is of no importance^
being unnecessary, since the same authority has been con
ferred by the act of March 3,
1881.
The importance^
eonsis‘s in the fact that the Secretary of the Treasury
ha8 expressed his unwillingness to proceed under the old
law, not considering that it gave any general authority.
It was, as is well known, a clause attached to an appro
priation bill, and furthermore was passed at a time when
there were plenty of Government bonds at or near par,,
and when Congress could not have anticipated conditions
like the present, with nothing to buy except at a large
premium and with 150 millions of surplus to be disbursed at
once. Such changes in surroundings would not be material
if the old act were clearly general; but when the authority
Banks’ Interior Movement, as above
f l .978.000
3,600,000
$1,092,000
7,800,000
Gain.. $886,000
Loss.. 4,200,000
Total gold and legal tenders .. .
*5.578.000
: $3,892,000
L os8.-$3,3 14,000
open to the suspicion of being intended simply as an annual
£ 3 9 4 ,0 0 0 bullion dnr.
grant of power like the body of the law on which it was “ a.
The Bank of England gained
granted is found attached to an appropriation bill and hence
ing the week. ^This represents £ 2 2 8 ,000 net received from rider,” proper caution would seem to forbid action under
Abroad and £ 1 6 6 ,0 0 0 from the interior of Great Britain.
it on the part of a Government officer, especially as Con.
The Bank of France shows an increase of 450,000 francs gress is in session, and has the opportunity to remove
gold and of 525,000 francs
silver, and
the Bank
of the doubt if it desires.
Germany, since the last report, gained 10,540,000 marks.
Hence the public will consider the
passage of the measure a great relief as not only author
The following table indicates the amount of bullion in the izing but ensuring the speedy action of Mr. Fairchild if
principal European banks this week, and at the corre. the conditions require.
March 1.1888.
Banks o f
England.........
France...........
G erm a n y ....*
Aust.-H ung’y
Netherlands..
Nat.Belgium*
National Italy
Gold.
Silver.
£
22,770.393
44.731.168
22,136,510
6.264.000
4.449.000
2.795.000
6.983.000
£
47.817,789
19.630,490
14.657,000
8.267.000
1.893.000
1.118.000
Government; and with such recent legislative authority
March 3.1887.
Total.
Gold.
Silver.
£
£
£
22,770,393 23,281,217
92,548,957 48,798,228 45,‘■97,eoo
41.767.000 19,881,360 17,630,640
20.921.000 6.359.000 13,928,000
12.716.000 4.899.000 8,160,000
4.193.000 2.742.000 1,371,000
796,000
8.101.000 7,000,000
lotal.
£
23,281,217
94,695,823
37.512.000
20.287.000
13.065.000
4.113.000
7.796.000
T ot. this week 110,129,071 92.88s,279 203,017,350 118,960,805 87,789,240 200,750.045
Tot.prev.w ’k. 109,704,653 92.511.962 202.216.615 112,952.323 87,822.963 200,775,286
* The division (between gold and silver) given In our table of coin and
bullion in the Bank o f Germany and the Bank o f Belgium is made from
idle best estimate we, are able to obtain; in neither ease is it claimed to be
accurate, as those banks make no distinction in their weekly reports»
m erely reporting the total gold and silver; but we believe the division
w e make is a close approxim ation.
N o te .—W e receive the above results w eekly b y cable, and while
n o t all o f the date given at the head o f the colum n, they are the
returns issued nearest to that date—that is. the latest reported figures.
The Assay Office paid
$185,791
through the
Sub-
Treasury during the week for domestic bullion, and the
Assistant Treasurer received the following from the Custom House.
Duties.
Gold.
Feb. 24.
“ 25.
4,
27 :
" 28.
« 29 .
M ar. 1 .
T ota l.
$567,251
511,243
675,949
678,225
463,491
364,165
56
66
43
09
1(
8t
$3,260,326 7(
$7 500
2,000
1,000
1,500
4.000
2.000
$18,000
U. S.
Notes.
$108,000
94.000
131.000
119.000
63.000
39.000
for the exercise of the right, it virtually becomes a direc
tion for meeting an emergency, in case a better way is not
provided, and leaves no doubt about its use.
But the House has also signalized the week through
the completion of a measure by the majority of its W a y s
and Means Committee for reducicg the customs duties.
A ll sides must confess that this is progress, whether the
provisions of the bill are approved or not.
It is the first
step towards an agreement or disagreement, and any thing
is better for business enterprise than the doubt which has
prevailed.
Now
too every interest affected by tariff'
revision knows what probably is at most the extent of the
change to be made— it maybe less, but is not likely in any
case to be more.
The feature that will be especially
gratifying is that the proposed bill not only affords the*
hope of relief from excessive taxation, but will be a check
to future accumulations of surplus; and this, it is claimed,,
is accomplished in a way as little disturbing to industrial
interests
Consisting of—
Date.
It is a resource, to the extent o f
the bonds which are purchaseable, open at all times to the
sponding date last year.
as any customs changes could
be.
The re
moval of the wool duties will be very generally com
Gold
Silver Cer
Oertifle’s.
tificates.
$384,000
361.000
483.000
476.000
344.000
285.000
$67,000
53.000
61.000
80,000
53.000
37.000
$554,000 $2,333,000
$351,00n
mended— the tariff imposts add no value to wool, are a.
source of great embarrassment to the manufacturer o f
woolen goods, and a direct tax upon every consumer.
It is
to be hoped, now that the measure is formulated, that it
will be reported to the House quickly and pushed zealously^
so that the country may be able to know as speedily as
possible what is to be the result.
The proposed changes
Included in the above payments were $ 7,000 in silver in the internal revenue taxes have not yet been determined
uoin, chiefly standard dollars.
upon in all particulars,- but the estimate made^is that they
THE CHRONICLE.
Majrch 3, 1888.J
-will probably effect a reduction in the revenue of about 20
271
were so indefinite as to give room for unfairness of treat
million dollars, making the total saving by the committee’s ment and practical discrimination.
The latter point, though of great importance in this
measure whan completed not far from 75 million dollars.
The reported action of the Senate Committee on Finance
particular case, was mainly a matter of detail.
It was
in ordering a favorable report on the bill “ directing” the Isimply a question whether the system adopted by the rail
■Secretary of tbe Treasury from time to time to invest in roads was fairly and impartially applied. Behind it lies
«Government bonds, eighty per cent of the fund held by the broader question, W a s the system itself a good one ?
th e Government against national bank notes, we utterly Does a railroad fulfil its obligations to the public when it
ia il to see the wisdom of. I f there were no other objec adopts a schedule of rates which practically compels ship
tion, it certainly is not conservative financiering for Con pers of certain classes of goods to own their rolling stock
gress to regulate by law the ac’ion of a Gjvernment officer and invest no small amount of capital in special terminal
on so delicate a question as the amount of surplus he shall
carry— for that is what the proposed law seeks to do.
But
facilities ?
The counsel for the railroads claim that this is just and
the objections are by no means confined to that; they seem right. They say that a man who undertakes to go into
to beset the measure on every side. It is a positive direc the oil business without sufficient capital to furnish cars
tion to invest 80 millions in bond-*, regardless of price, at a of his own is at a disadvantage ; but he has no right to
time when the Government is expected to invest probably blame the railroad company for that disadvantage. H e
150 millions of additional surplus in the same way. "What cannot choose the best method of transportation, because
■effect such legislation would have on the market values of he cannot afford the outlay which it involves; he is for
Governments we leave the Senate Committee to determine. that reason handicapped in the contest with his wealthier
Besides, who knows that Mr. Fairchild could buy 230
rival.
But the railroad men claim that as they did not
millions of United States bonds however high he might create the disadvantage they are not bound to go out of
bid? It must be remembered that it is not a question of their way to stop it.
price w.th a large body of the holders of those securities
On the other hand the commissioners hold that the rail
roads have created this disadvantage by an act of omission^
mow.
u The railroad company not havOr after the Government has obt ained what bonds it if not of commission.
•wants and paid a very high premium for them, how about “ ing supplied itself with the necessary rolling stock to
The law contemplates the purchase under
“ enable one branch of its traffic to be carried on in the
■compulsion ; what reason is there for supposing they can
“ way most advantageous to those who engage in it, suf-
selling them.
be sold under compulsion at the same price ? . For the
* fers parties who have the capital which will enable them
Secretary must sell, to meet the national bank notes as
“ to supply the defect to put cars of their own upon the
they are presented; the bill being just as imperative as to
* road, for the use of which it pays, and at the same time
the holding of only 20 per cent in cash as it is with regard
“ gives to such parties the exclusive use of what they sup-
to investing the other 80 per cent.
So as often as the
“ ply, and also such preferential rates in the merchandise
margin becomes less than the amount fixed, the Govern
“ carried for them as will put successful competition quite
ment is required to dispose of the bonds to keep the margin
“ out of the question.
;g o o d ; hence in process of time the entire 80 million of
securities will come upon the
“ lack of capital, in addition to what is needed in the
It is based upon
“ business, to supply rolling stock to the railroad company
again.
tl e idea that the item represents just so many currency
dollars in the Treasury.
It is not the lack of capital to
on the business that then proves fatal, but it is the
Finally
market
the whole theory of the bill is wrong.
m carry
W e explained this point a few
“ for his use.”
W hether agreeing or not with the commissioners’ con
W h a t the Government clusions, many will find it difficult to accept without
keeps, or would keep, if its taxes were not so excessive, reserve the reasoning by which they support these conclu.
would be simply a working balance in cash to cover every sions. The paragraph just quoted proves too much. W it h
•emergency. The Secretary is not only the head of a but slight changes it can be applied to the express busi.
weeks since and showed its error.
Government Treasury department, but of
currency ar. ness as conducted by most of our roads at the present
day. The railroad companies “ have not supplied them-
rangements the most complex any country ever possessed.
“ selves with the necessary rolling stock to enable” quick
“ to be carried on in the way most
machine, but a credit-supporting arrangement. It is not
“
advantageous
to
those
who engage in it.” They “ suffer
«imply the 100 millions of gold as a cover for the legal
H e is running not only a tax-gathering and disbursing
parcels shipment
tenders that he needs to keep undisturbed the public
« parties who have the capital which will enable them to
mind, but such a show of strength all the time that no
“ supply the defect to put cars of tbeir own upon the
one can for a moment doubt his ability to ensure the
•convertibility and interchangeableness of silver and gold.
‘ road.”
They give such companies special advantages
which would not be open to a man who had less capital;
Is it not worse than foolish to hamper the Secretary with and though the form in which the advantage is given is
different from that in the case of the oil cars, the amount
legal restrictions under such circumstances ?
of that advantage is “ such as will put successful com pe.
“ tition quite out of the question,” unless a competitor
P R IV A T E OWNERSHIP OF ROLLING STOCK. furnishes rolling stock of his own.
In the Standard Oil cases recently decided by the Inter-
In fact, the difference
is even greater in the express business than in the oil
State Commerce Commission, the chief complaint was business; in the latter the railroad company simply makes
Based upon the fact that the difference in rates for tank car a higher charge for independent shipments; in the former
loads and car loads of oil in barrels was unreasonably great, it practically abandons the service to the express company.
'The answer of the railroads was that any man had his
In their relations to the public there is of course a great
choice between the two methods of shipment, and that
difference between an express company and an oil com
In the investi pany. The former is doing business for others, the latter
gation it appeared— first, that the railroads did not furnish for itself. But from the standpoint of railroad economy
tank cars, but the shipper had to provide them himself ; the position of the two is very much alike. Most of our
each was open to all shippers impartially.
And, second, that the terms on which they were handled railroads have allowed independent companies to m anage
272
THE CHRONICLE.
the express business because it was found
that the
attempt on the part
on the whole
o f the railroads to run
[VOL X L V L
the amount of difference proved in the case of George
Rice
vs. Louisville & Nashville RR ., &c. To minimize these
express cars o f their own did not g i7 e satisfaction to any-
allowances, the companies should return empty tank cars
one.
more carefully than they have done in the past.
We
believe that this was also the case when the
railroads owned tank cars.
E veryb o d y was com plaining
Perhaps the practical result of a policy such as we have
that they were not to be had when they were wanted or indicated might not differ very greatly from what the
where they were wanted.
H a d the roads supplied enough commissioners desire. But the result would be reached
cars to have a sufficient num ber for the use o f all parties in a different way from theirs, and avoid some serious
at all times, m ost o f them would have lain idle so long as
to be a great source o f expense to the roads.
circumstances it was found
cars, and to m ake
form .
an
best to let shippers own the
THE CHICAGO & ALTO N STATEMENT.
allowance for shipments in that
W h e th e r the allowance was habitually too large is
another question.
objections to which their reasoning is exposed.
U n d er these
G ranting that it was, we do not believe
Because of the distinctive policy which the manage*
ment of the Chicago & Alton have for so many years
that the system should be condem ned m erely because it
pursued, the results of operations on this system of roads
was misapplied.
possess a degree of interest hardly attaching to any other
The commissioners’ argument rests on the assumption
that it is the duty of the railroads to provide rolling
in that section of the country.
The road’s position and
attitude, in the changes going on, has been quite unique.
stock for all their ordinary forms of business, and that it
W hile all the other large systems have deemed it neces
is a serious omission if they do not.
I f this position is
sary greatly to add to their mileage, and build new and
true, it applies to the express business as well as to the
important extensions, the A lton has followed the plan o f
oil business; if it is not true, then their argument on the
making no extensions at all, but developing steadily
In point of fact, we and to the utmost the possibilities of the system as it
doubt whether the obligation is nearly so broad as the stood. Since the completion of its Kansas City line in
commissioners assume. Whatever this obligation is, it 1879, the mileage has remained practically unchanged.
oil business loses much of its force.
was based on practical grounds of economy for the rail Hence now, as nine years ago, the extreme Western ter
The original idea was that a large minus is on the Missouri River, though in the meantime
part of the freight cars would be owned by the shippers, all its northern neighbors have crossed that boundary
roads and the public.
as is still the case in England at the present day.
This line.
idea was abandoned because of the practical inconvenience
Some will ascribe the position taken lo a naturally con
If the railroad owned its servative disposition upon the part of the managers. Con
freight cars it could utilize them to much better advan servative— in the truest and best sense of the word— the
and loss which it involved.
tage, giving more public service with the same number management has undoubtedly been. It is not simply in
of cars,
and wasting much less power in hauling ertia that has kept them from branching out in new
empty ones.
directions. It is confidence in the strength and situa
But there were and are extreme cases to which t.hia tion of the system, and the methods of doing business.
not apply. Probably no one And it must be admitted that this confidence has hitherto
would claim that a railroad ought to own refrigerator proven well founded. In the first place the lines are well
general principle would
cars. It would be bad economy for the railroad— it located and form short and pretty direct outlets both be
would work an inconvenience to the shipper, while being tween Chicago and St. Louis and Chicago and Kansas
of no special advantage to the public. I f the company City. In the second place, in its course to St. Louis and
owned a few such cars there would be great complaint of Kansas City, the road reaches and passes through import?
I f the company built ant cities and traffic centres like Joliet, Bloomington,
enough of them to avoid this complaint, many of them Springfield, A lton and Jacksonville. Then though the
discrimination in furnishing them.
would lie idle most of the time. In either case it would company has but few branches, yet they possess the same
be bad economy— not merely for the railroad, but for the characteristics and are very valuable. Thus, there is a
community as a whole. The rule that a railroad should branch running from Jolietjto Coal City, another passes
own its rolling stock, and the exceptional cases where it through Streator to Washington, III., where connection is
should not, both rest on the same general principle that made for Peoria, while in Missouri there is a branch run
it is good for all parties to have the cars as fully utilized ning to the capital of the State at Jefferson City.
It is not a question of abstract duty, but of
The effect of this advantage as to location and position,
practical experience as to where the line should be drawn.
as possible.
is to give the company a very large local traffic, upon
There may perhaps be practical reasons why the railroads
which it chiefly relies for its prosperity. A n excellent
should own tank cars; but we know of no general prin- j illustration of the great preponderance of local over
ciple which makes it their duty to do so independently of through traffic, is afforded by the report now before us.
such reasons.
W e find that while the road handled in the late year
I f it is once conceded that there is no such duty, the
question becomes plainer.
We
are now able to ask what
1,039,708 tons of through freight, it handled 3,083,412
Of course the through freight is
the advantage is which the railroad derives from the hauled much longer distances than the local freight, but
use of these cars. First, it saves the rwear on its nevertheless it is interesting to note that three-fourths of
own cars; for this car wear there should be a mileage the tonnage moved is local, and thus of the best and most
allowance just as there is at present.
tons of local freight.
Second, it obtains lucrative kind.
a certain economy in the handling of the oil itself; an
Both the local and the through freight
the late year was the largest ever carried by the company,
economy of the same general nature4 as that which is but the relative proportions of the two have not been
furnished in other lines of business by regular shipments materially changed, and of the 472,020 tons increase over
instead of irregular ones.
An
allowance may be made
for this to seme extent; but the tendency has been to
restrict these differences and
marked ones illegal.
to
the year preceding (1886) 369,966 tons were local and 1 0 2 ,054 tons through freight.
pronounce the more
Y ery likely no co*iirt would sanction
cent o f the whole in 1887.
In the case of passengers the
Total R entals, Const'n
N et
Gross
and
In t. and
Net
E arn’OS Earno's Income. Sko- Eds. Eq’pm’t
W h ile on this subject of the company’s traffic move
ment, it will be well to call attention to one or two other
Special features.
It may be supposed that the growth of
traffic and earnings has been in the cereals, but that is
not so.
The road carried only 528,324 barrels of flour in
1887, against 689,636 barrels in
1881, and of grain it
carried 14,072,452 bushels, against 16,017,768, showing
a considerable decline in both eases.
Moreover the com
pany reports that the farm products shipped at local sta
tions on its lines in Illinois and Missouri yielded a gross
revenue in 1887 of only $1,065,002, being less than 12
percent of its total gross earnings, against $1,100,986
realized
from
such
traffic
in
1881, the
to total earnings then having been over
Some other
273
THE CHRONICLE.
March 3, 1888.)
items of
proportion
$
S’
1879..
1880.,
1881.
1882.
1883.
1884.
1885.
1886.
1887.
5,755,677 2,550,195 ,933,195 1,361,155
7,6X7,226 3,477,985 ,747,490 1,905,218
7,557,7.40 3,236,365 ,543,156 1,932.984
8,215,495 8,530,991 ,803,538 1,968,230
8,810,610 3,713,578 ,993,351 1,991,150
8,709,274 3,575,484 ,854,302 1,682,124
7,993,109 3,380,322 ,653.167 1,637,634
8.060.639 3,409.684 ,692.338 1,689,291
8,941,380 3,671,183*8,940,422 1,634,311
Other
Items.
Sv/r lus.
t
$
15,273 688,816
102,175
765,5,776
50,193 921,037
10,683
8541,359
431,644 1,077r,976 158,522 df.57,970
71,221 1,083,t,080 *324,860 416,641
4,635
67,623
740,759 1,1941,181
387 232,730
292,221 +1,6465,840
225,081
380,702 1,409i,750
985 390,704
254,134 1,407Í.224
241,023
057,444 1,407,0441..........
* $306,000 o f tins represents principal o f J oliet & Cliio. bonds paid,
t Includes 10 per cent on stock, ow ing to a change o f dividends from
This is a very favorable exhibit.
Gross earnings for
1887 are the largest ever reached, and the net has been
only once exceeded, and then but slightly.
The surplus
14£ per cent.
above charges and dividends has not varied much in recent
the company’s traffic have also
years, but for 1887 as stated, is somewhat less than for
declined. Thus only 130 million feet of lumber were carried
1886. The falling off, however, is apparent rather than
in 1887, against 172£ millions in 1881, and the iron ton real, for it will b 9 noticed that in 1887 $657,444 was
nage, though having increased of late years, stands at only appropriated out of earnings for new construction and
218,631 tons, against 320,890 tons. In the interval, how equipment (of which $386,473 remains unexpended),
ever, gross earnings of the system have risen from $7,557,-
whereas in 1886 the amount so appropriated was only
740 to $8,941,386, and the question arises what accounts
$254,134.
Exclusive of this item the balance would stand
The answer is certainly not to be at $898,467 for 1887, against $644,838 for 1886, and on
sought in any increase of rates, for while there has been that basis the amount is the largest of any of the years
some improvement in the case of passengers, the average given except 1880 when dividends were lower than now.
for the increase?
on freight has been steadily and almost uninterruptedly
Tne company is about to encounter additional competition,
declining, the rate now being down to less than a cent per
the St. Paul line to Kansas City being already in operation,
ton per mile (0-946 is the figure), against nearly a cent
and the Atchison line to Chicago nearly ready for busi
and a quarter (1-241) in 1881, the decrease thus being
ness.
almost 25 per cent.
The increase in earnings follows simply from a growth
unusually strong position as regards local traffic, and this
of general and miscellaneous
traffic,
the gains
being
But
we have seen that the A lton occupies an
local traffic the new roads will not, we should judge, be
able to interfere with much, as they lie further to the
heaviest in those items most dependent upon the growth
north.
and development of
be able at least to compete on even terms, as its lines are
chandise and
the country.
sundries
now
figure
For instance, mer
at 944,995
tons,
against only 461,749 tons in 1881, the total having more
than doubled; coal has increased from
1,190,241 tons, to
A s regards the through business, the Alton will
short and direct.
IM P O R T S A N D E X P O R T S F O R J A N U A R Y .
1,553,875 tons, ice from 49,041 to 132,002 tons (the latter
The Bureau of Statistics has issued its detailed statement of
having in the interval been still larger), and stone from the foreign commerce of the country for the month of Jan
72,651 to 108,146 tons.
The number of cattle carried uary and the seven and twelve months ended with January 31,
has also been increased (from 267,058 to 472,432) 1888, as well as comparisons for the corresponding periods of
though the number of
hogs carried has diminished—
as compared with 1881 only slightly, but as compared
with most of the intervening years, very heavily.
the preceding year, as follows :
MERCHANDISE.
For the 12
For the 7
F or the
month o f Months ended Months ended
Jan. 31.
Jan. 31.
Januarg.
At
the same time the company has built up a considerable
traffic in cotton, the tonnage of which in 1887 was 37,933
tons, against nothing in
1881.
The general conclusion
is that the expectation upon which the managers based
their idea of maintaining the prosperity of the property
under their charge, amid the multiplication of new roads and
the increase of competition, has been fully realized; by
judicious and careful management the road has received in
full the benefits of local development, and by reason of its
location (connecting such important cities as St. Louis and
1888.—E xports—D om estio....... $62,113,887'$441,436,149
941,317|
6,530,035
F o re ig n .........
$63.055.204 $447,966,184
409,826,007
58,487,673
Excess o f exports over im ports $4,567,531 $38,140,177
E xcess o f im ports over exports
1887.—E xports—D om estio....... $70,719,424 $449,744,917
7,582,569
814,915
F o r e ig n .........
$71,534,339 $457,327,486
Im ports............................ 51,951,153 386,790,730
Exeess o f exports over im ports $19,583,186 $70,536,756
Excess o f im ports over exports
A s to the fiscal results of operations, these, as is known,
have been very satisfactory.
The company has been able
Foreign
T ota l.........
SUver—D om —
Foreign.
T ota l.........
to pay full 8 per cent dividends for a good many years,
both on its common and preferred stock.
It has had this
advantage, however, over other companies, that, not hav
S ilv e r ............
Excess o f exports over im ports
ing branched out any, it has not had increased interest or E xcess o f im ports over exports
dividend charges to meet.
only $17,591,500.
Its capital is quite moderate—
The following is a summary of the
income accounts back to 1879.
reduction in 1884 in
A s explaining the marked
1887.—E xports—Gold—D om ...
Foreign
T ota l.........
Silver—D om ...
Foreign
the item of rentals, interest, &c.,
it is to be said that in that year a consolidation took place
a former
S ilv e r ............
leased line, the Alton issuing its own stock in exchange
E xeess o f exports over im ports
E xcess o f im ports over exports
with the St. Louis Jacksonville & Chicago,
for that of the Jacksonville.
$8,533,136
$713,534,630
13,415,815
$726,950,445
667,965,742
$58,984,703
g o l d a n d s il v e r —c o in a n d b u l l io n .
Kansas City with Chicago), it has been able to share in the 188 8. —E xports—Gold—D om ...
wonderful development of the whole W estern country.
$694,714,155
12,107,754
$706,821,909
715,355,045
$391,242
233,048
$624,290
$1,714,299
524,002
$2,238,301
$2,862,591
$395,471
1,196,345
$1,591,816
$1,270,775
$2,284,101
434,347
$2,718,448
$12,136,448
5,395,058
$17,531,506
$20,249,954
$39,289,296
10,441,008
$49,730,304
$5,229,560
4,022,042
$9,251,602
$20,142,046
7,713,840
$27,855,886
$37,107,488
$41,749,342
16,774,794
$58,524,136
$29,480,350 $21,416,648
$2,759,845 $30,899,925
$253,233
8,430,616
408,188
375,760
$39,330,541
$3,168,033
$628,993
$8,999,438 $15,338,580
$1,291,220
10,726,003
6,972,686
624,304
$1,915,524 $15,972,124 $26,064,583
$2,544,517 $1 9,140,157 $65,395,124
$3,535,928 $40,450,555 $43.139,268
17,394,389
10,926,405
1,193,665
$4,729,593 $51,376,960 $60,533,657
$4,861,467
$2,185,076 $32,236,806
274
THE CHRONICLE
TOTAL MERCHANDISE AND COtN AND BULLION.
For the
month o f
January.
ba n k ers’
F or the 7
For the 12
Months ended Months ended
Jan. 31.
Jan. 31.
1888.—E xports—D o m e stic___ $64,219.428 $455,856.698 $720,085,761
F oreign.........
T ota l..............
Im ports............................
Excess o f exports over im ports
Excess o f im ports over exports
1887.—E xports—D o m e stic. . . .
Foreign.........
T ota l............
Im ports...........................
Excess o f exports over imports
Excess o f im ports over exports
1,698,367
23.843,636
12,359,440
$65,917,795 $468,216,138 $743,929,397
60,079,489 459,556,311 773,879,181
$5,838,306
$8,659,827
$29,949,784
$72,263,877 $461,504,200 $759,773,135
1,814,979
32,572,434
14,963,443
$74,078,856 $476,467,643 $792,345,569
56,680,746 438,167,690 728,499,399
$17,398,110 $38,299,953 $63,846,170
Feb.
I ...Ì
2 ....
8 ....
4 ....
5
6
7 ..
8 ..
9 ___
1 0 ....
L I ....
12___
[V ol.
(p o s t e d
s t e r l in g e x c h a n g e
60
days.
D e
mand.
4 84%-5 4 86%-7
4 84%-5 4 86%-7
4 84-% 4 86-%
4 84-% 4 86-%
. . . . . . ___________
8.
___________
4 84-%
4 86-%
. . 4 86-%
4 84-%
.. 4 86-%
4 84-%
4 84% 4 86%
4 84% 4 86%
4 84% 4 8 6 %
.........S. .... . ...
Feb.
60
days.
1 3 ....
1 4 ....
1 5 ....
1 6 ....
1 7 ..
1 8 ..
1 9 ..
2 0 ..
2 1 ....
2 2 ....
2 3 ....
2 4 ....
4 85
4 85
4 85
4 85-%
4 8 5..
-%
..
4 85-%
...........S.
..
4 85-%
4 85%
....H o li
4 85%
4 85%-6
XLVI.
ra tes) fo r f e b r u a r t , 1 8 8 8 -
De
mand.
4 87
4 87
4 87
4 87
4 87
4 87
60
days.
Feb.
De- "
m and.
J5___ 4 85%-6 4 87%-S
R
;6 ___
ì ' rtìì'.*
.57....
1 8 .... 4 85%-6 4 87% -3
.59 .... L 85%-6 4 ö7%-S
4 87*
1
4 87-%
First 4 8 1%-5
day— !
Low 4 84
4 87%
4 87%-S Last [4 85%-6
4
4
4
4
8 «% -7
88
86
87 % -S
U N IT E D S T A T E S T R E A S U R Y S T A T E M E N T .
R E V I E W O F P R IC E S I N F E B R U A R Y — S T O C K S
GOVERNM ENT BONDS AN D
F O R E IG N E X C H A N G E .
The following table shows
the
highest
and
lowest
prices of railway and miscellaneous stocks at the N.
Y.
The following statement for February, from the office o f
the Treasurer, was issued this week. It is based upon the actu al’
returns from Assistant Treasurers, depositaries and superin
tendents of mints and assay offices, and shows the condition o f
the United States Treasury February 29; we give the figures
for January 31 for comparison :
Stock Exchange during the month of February, 1888.
F e b r u a r y 29, 1888.
RAILROAD AND MISCELLANEOUS STOCKS.
R a il r o a d s .
Low. High. r
R a il r o a d s .
A lban y & Susqueh’a .. 145
148
A tchison Top. &S.Fe.
95% 99%
A tlantic & P acific___
9% 10%
B ell. «& So. IU., p re f..
75% 75%
Boat. <fcN.Y. A ir L ., pf.
98
99%
Buff. Koch. & P ittsb..
45
45
Burl. Ced. R. <fc N or..
29
29
Canadian P acific.......
55% 59%
Canada S outhern... . .
52
54%
Cent. Ia., 2d, ass. p d ..
4%
5
Central o f N. Je rse y ..
77% 81%
Central P acific...........
29
31%
Chari. Col. «fcA u g ....
30
30
Ches. & Ohio...............
2%
5
Do
1st p re f..
4% 10
Do
2d p r e f..
3%
7%
C hicago & A lto n ....... 140
140%
Chic. Burl. & Quincy. 124
12834
Chic. & E ast HI.........
41
43
Do
p r e f.. x90
94%
C hic. &Ind. Coal R y . ..
40% 41%
Do
p r e f..
92% 93%
Chic. Mil. <fe St. P aul.
74% 78
Do
p r e f.. 114% 116
Chic. & N orth w est... 106% 110%
Do
p re f.. 143
145%
Chic. & R ock Island.. 111% 114
Chic. St. L. & P ittsb..
Do
p r e f..
35
37
Chic. St. P. Minn. & O.
36% 40
Do
p r e f.. 105% 109
Cin. Ind. St. L. & Chic.
78
80
Cin. Wash. & B a lt.. . .
3%
3%
Do
p r e f..
5%
6%
50
Clev. Col. Cin. & I n d ..
53%
d e v . & Pittsb., g u a r.. 154% 156
Colum . <fc Green, p f ..
12
17
Col. Hock. Yal. & T ol.
21
23%
Del. Lack. & Western 129
132%
Den. & R io Grande...
19% 2 2 %
Do
p re f..
49% 53%
E . Tenn. Ya. <fc Ga. R y
9% 1 0 %
Do
1st pref.
59% 65
2 0 % 23%
Do
2d pref.
E vansville & T. H ___
87
87
F lin t <&P. Marq. p f..
97% 97%
F t. W orth & Denv. C.
42
45%
CreenB .W in. & St. P ..
8%
9%
H a rlem ........................ 217% 218
H ous. & Tex. C e n t...
18
23
Illinois Central........... x l l 6 122%
95% 97
D o L ’sed L in e 4 p .o
Ind. Bl. «fewest...........
12
13
K eokuk «fe Des M .......
4
4
K eokuk <fe Western ..
34
35
K ingston <&Pem br’ke
30
31
Lake E rie <&West’n . .
15
16
44% 46%
Do
p r e f..
Lake Shore.................
90% 93%
L on g I s la n d ........... .
90% 91%
Louisville <& N ash v ..
56% 61%
Manhattan, c o n s o l...
8 6 % 93%
Marq. Hough. <& O ...
18
18
Do
p r e f..
86
91
M emphis <&Charlest’n
53
57
M exican C e n tr a l.....
14% 15
8034 84
M ichigan C e n tra l....
M ilw .L . Sh. <&W est..
65
76
Do
p r e f..
97
101
M inneapolis <&St. L . .
6%
7
Do
p re f..
14
15
M o. Kans. <fe T exas...
14
17
M issouri P acific.........
831« 8 6 %
M obile <fe Ohio..........
10% 13%
M orris <fe E ssex.......... 1381a 13913
Nash. Chatt. <fc St. L . .
77
79*8
Low. High.
N. Y. Cent. <fc Hud. R . 106ia 107%
N. Y. Chic. «&St. Louis..
15
17%
67
70
Do
1st p r e f..
33
34
Do
2d p re f..
N. Y. Lack. & W est... 103% 105%
N. Y. Lake Erie <fe W .
25
2 7 78
Do
p r e f..
57
62%
N. Y. «fe New England
36% 38%
N. Y. N. H. <fe H a rtfrd 219 219
N. Y. Ont. «fe w e st....
16% 17%
N. Y. Susq. «fe W e st...
8%
9%
Do
p r e f..
30% 32%
N orfolk <feW estern...
16% 18%
Do
p re f..
43% 46%
Northern P acific.......
2 0 % 21 %
Do
p r e f..
43% 45%
Ohio <fe M ississippi..
2 2 % 24%
Ohio Southern______
11
12 %
Oregon Short L in e..
16% 17%
Oregon <&Trans-Con.
2 0 % 22
Peo. Decat. <fe E ’ ville.
18% 19%
Phila. <fc R ead in g.. . .
64% 67%
Pittsb.F.W.«feC., guar. 152% 153%
Pittsb. <fe West., pref.
34
34
Rensselaer <&Bar....... 164 166
Richm ond <fc W est Pt.
21 % 24%
Do.
p r e f..
56% 69%
Rome W ater <fe Ogd.
82% 87%
St. L. A lton «feT. EC...
36% 36%
St. Louis Ark. <fe Tex.
14% 16%
St. L. <& S. Francisco.
33
35%
Do
p r e f..
70% 73%
Do
1st p r e f.. 111% 113%
St. P. <& Duluth.........
55
60
Do
p r e f.. 100% 105
St. Paul Minn. <&Man. 109
113%
Scioto V alley..............
5
7
South Carolina...........
8%
9%
Texas <fe P a cific,.......
24% 26%
Union P a cific.......... .
54% 57%
Utica <fe Black R iver. 125
125
Wab. St. L. «& P a c .. . .
13% 15
Do
p re f..
24% 27
W heeling «feL. E rie..
51
55
EXPRESS.
A dam s......................... x l4 2
145
Am erican.................... 107
108%
United States............ x71% 73%
Wells, Fargo <fc Co___ 130
132
Co a l
and
M in in g .
Colorado Coal <fe Iron
36% 38%
Colum. <fe Hock. Coal.
25
28
Consolidation Coal. . .
25
25
Homestake M ining...
11 % 11 %
Marshall Con. C oal..
7
8
Maryland Coal...........
12
15
Ontario Silver M in ..
28
28%
Pennsylvania............. 265
267%
Quicksilver M in in g..
10
11%
Do
p re f..
33% 36%
Tenn. Coal <feIro n ___
30% 32%
Whitebreast Fuel Co. x92
97%
V a r io u s .
Am. Cotton Oil Trust.
30
32%
Amer. Tel. <fc C able...
73
75
45
Canton C o ...................
45
Chartieri Val. Gas . .
90
91%
Consolidated Gas Co.
7 4 % 76%
Del. <fe Hudson Canal. x l0 8
111%
Oregon Im prov. C o..
49% 52%
Oregon R ’y <feNav.Co.
93
94%
Pacific M ail................
3 4 % 36 34
Philadelphia Co......... 102% 106%
P ipe Line Certificat’s
86% 94
Pullm an Palace Car. 140% 143%
Western Union T e l...
7 7 % 79%
The range o f Government bonds sold at the Stock Exchange
in February was as follows:
GOVERNMENT BONDS.
4% s, 1891,
reg.
Opening.. x l0 7 %
H ig h e st.. 106%
L ow est... 106
C losin g .... 106%
2«, 1891, 4», 1907,
coup.
reg.
108
126%
108
126%
107%
125%
107%
125%
4 s, 1907,
coup.
126%
126%
125%
125%
6», Cur..
’98 reg.
*126
*127
*125
*126
6s, Cur
’99 reg.
*128
*130
*127
*128
* P i ices bid—no sales during the month.
The daily posted rates for sterling exchange in January are
given below, it being understooi that bankers’ actual rates
are u sually a fraction below the prices posted:
Assets and
Liabilities.
Gold —Coin................
Bullion...................
Balances.
J a n u a r y 31,1888.
Assets and
Liabilities.
187.745,300
121,822,527
185,906,57
121,902,584
Total gold.......... (Asset) 309,567,827
Certificates issued...... 128,66 .081
Certificates on hand... 26,962,168
307,809,155
125.522,1*1
20,668,210
Certiflc’s, net. (Liability) 96,697,913
Net gold in treasury.
Sil v e r —Dollars.stand’rd 227,947,493
212,869,914
104,853,97
3,656,130
223,918,380
3,559,523
Total silver.... ..(Asset) 231,603,623
Certificates issued...... 205,619,128
Certificates on hand... 21,166,469
227,477,903
194,251,570
14,930,517
Bullion.................
Certiflc’s, net.(LiaMlitp) 184,452,659
Net silver in treas’y
V. States notes....(Asset) 33.4^2,087
Certificates issued...... 11,655,000
440,000
Certificates on hand...
Certiflc’s, net.(LiabUity) 11,215,000
Net U.S.notes in treas
Trade dollar bullion.....
National Bank notes......
Deposits in Nat. Banks..
B alan ces... .(Asset)
P u b l ic D e b t
and
I n t .—
Interest due, unpaid.
Accrued interest......
Matured debt......... .
Inter’t on matured debt
Int. prepaid not accr’d
Debt bearing no inter’st
Int. on Pac. RR. bonds
due, unpaid...........
Acc’dint.,Pac. R R .b’ds
28,860,469
10,925,000
280,000
48,153,850
10,645,000
22.267.08
6,649,023
132,700
61.546.009
18,0’ 5,469
6,660,02896,714:
69,372,907
3 3 5 ,2 5 7 ,2 0 7
3 5 0 ,6 1 5 ^ 6 9 7
2,250,303
4,*06,068
2,914,36
176,98s
1.321
1,015
43,44,0
646,235
57,750
323,117
Debt and int.(Liability) 12,947,695
1.321
Fract’l cur’cy redeemed
U. 3. bonds and inte’st.
33,800
Int.ch’cks & coupons p’d
Reg. & coup. int. prep’d
9,929,600
1,015
35,181
Debt and inter’st.(Asset)
D’bt&int.net(Liability)
Res’ve for red. U.S. notes. 100,000,000
Fund held for redemp. of
notes of Nat. Banks__ 98,13S,042;
Five p. c. f ’nd for redemp.
of Nat. Bank notes...... 6,96!,400
166,332
185,317
12,912,514
100,000,'dóó
9,763,268
101,291,754
6,973,573
208,265,32
7,685,488
198,877,165
4,809,590'
23,295,604
200,579,83
1,488,160
66
>
920
612,410
4,030,532
495,563
Total............(Liability) 45,838,221
Int.on D.Col.bds pd (Asset)
Net............ (Liability)
202,955,184
179,321,053
47,150,994
1,793,130
7,547,601
2,741,265
174,701
Redemp.res’r.(Liabii\ tv) 205,099,912
Nat. Bank notes in pro
cess of redemp.. .(Asset) 6,222,777
Net res'rves.(IAability)
Post Office dep’t account. ’ ’3,478,551
Disburs’g Officers’ bal’ces. 34,202,283
Undistrib’d ass’ts of fail’d
1,802,935
National banks........
Currency and minor coin
580
redemption account....
Fractional silver coin re
2,560
demption account.......
Redemption and exch’ge
408,600
account.......................
Treasurer’s transf’rch’ks
and drafts outstanding. 5,721,217,
Treasurer U. 3., agent for
223,495
paying int. on D.Col.bds
BaIxnces.
39,793,444
110,090
45,838,221
89,683,354:
B a la n c e s . .(L ia b ility )
2 5 ? , 6 2 7 ,9 0 0
2 5 0 ,0 2 6 ,4 6 1
Net b a la n ce ....(A sse t''
9 2 ,9 S 7 ,7 » 7
8 5 ,2 3 0 ,7 4 6
Minor coin..................
Subsidiary silver coin..
165,856
25,355,432
118,617
25,019,973
Aggregate net Asset........
118,509,085
1X0,364,333
Assets not available—
p i u u j e t a v g f ( £ 0 w m s u j c i a l g n g l i s l t | | je w s
£From our ow n correspondent.]
L o n d o n , February 18,1888.
The London markets have this week experienced a double sur
prise, the Bank o f England and Bank of France having both>
almost simultaneously, reduced their official rates of discount.
W h y the Bank of England should make this move at a
time when the outside rate for three months’ bills was tendng upwards, and the collections of taxes was securing to th e
March 3, 1888.J
THE CHRONICLE.
Bank the control of the open market, has been the subject o f
much speculation; but the reduction by the Bank o f France
is stifl more difficult to explain. This latter institution had
maintained its rate steadily at 3 per cent since February 22
1883, and now lowers it to 2% per cent, although its s c o
bullion is less than it was a year ago. One theory advanced
to account for both reductions supposes that the British
Government is contemplating a conversion of the national
debt at an earlier date than had been expected, and that the
banks are co-operating in an attempt to bring about a state of
th e market favorable for the transaction. But a more plaus
ible explanation with reference to the Bank of France is that
the directors in making the change were influenced princi
pally by a desire to conciliate the public, the charter of the
Bank being now subject to vigorous attacks by the French
275
the receipts, and this statement is not regarded as altogether
trustworthy. London has lately been deluged with new
issues o f Argentine securities, a list of which m ay be o f
interest:
Jan.
Jan.
Feb.
Feb.
Feb.
1 4 -E n t r e B ios Central R ailw ay . . . - ...............................
30—Argentine Northeastern R ailw ay........................ .
6— Santa F 6 & R econquis-a R a ilw a y ................................
13—La R ioja (Province) bonds...................................
16—Cordoba Central R ailw ay............— - .............
*9 5 0 .0 0 0
1,500,000
obi,7 0O
o o o .o o o
4 u o ,o o o
Here is a total of over £3,500,000 in addition to previous
heavy loans which in the aggregate" have exceeded £50,000,000 in less than six years. The Manila Railway Co. has this
week asked for subscriptions for about £1,250,000 of its capital and bonds. A m ong home ventures there are a great1
many new companies in the market, and some of them &x&
regarded with a good deal of suspicion. Indeed, com panypromoting has had such disastrous results for shareholders in.
so many cases that there is a strong agitation for a change o f
radical, parties.
Compared with a week agQ the open market rate of dis the law with regard to limited liability. A great many con
count in London has appreciably advanced. First-class bills cerns advertise for capital, secure an utterly inadequate r e
were discounted a few days ago at an average of I K Per cent sponse, but nevertheless make allotments simply in the inter
for three months’ paper, and the rate has advanced step by ests of the unscrupulous promoters, and the result is that one
•step to just \% per cent. Short money, however, is very new company after another goes into bankruptcy.
There has been a good deal of disappointment at the fall
abundant, and at the Stock Exchange settlement this week
th e charges to speculators who desired to carry forward their which has taken place in the price of iron. Scotch pig iron
has been quoted this week as low as 39s. per ton, or about
speculations were generally low.
5s. 6d. per ton below the price early in February last year
The following return shows the position of the Bank of
and within a few points of the lowest price touched last
■England, the Bank rate of discount, the price of consols, & c .,
year. A t the close of 1887 there was a speculative rush
compared with the last three years :
to buy iron warrants, the argument being used that as
1885.
tin, copper, lead and other metals had all risen enormously
1886.
1887.
1888.
in price, there would be a sympathetic rise in iron; but
£
£
£
£
.Circulation, excluding 7-day and
23.142,180 23,397,170 23,598,915 23,521,375 outside speculators who operated on the idea quite ignored
9,728,670
8.994,088 6,231,014 6,267,018
the statistical position. The stocks of pig iron in the United
23,556,006 22,680,709 24.1*7,663 23,285,717
16,260,774 13.129.782 13,744,670 14,051.801 Kingdom in the aggregate are at the present time the
19,275.945 19,025,273 20,007,269 21,208,880 largest ever accumulated, and are held with the expecta
15.184.213 14.916,541 14,904,882 15,923,707
Produc
22.126.393 22,563,711 22,753,297 23,695,082 tion of a falling off in the American demand.
48 p. L. tion might be augmented at almost a moment’s notice if
46% P* C. • 51% p. C. 48% p. c.
R eserve to liabilities........................
4 p. «••■
2 p. o.
4 p.c.
2% p. o.
For a short
99% there were any indication of higher values.
101 5-16
102 7-16 100 1316
131,335,0001130,497,0 0 time prices rose under the speculative purchases, but the tide
156,681,0(
0
140,922,000
Ole irinsr-House r e tu r n ...................
quickly turned, and the market has ever since the beginning
Messrs. Pixley & Abell write as follows on the state of the
of the year been falling, as speculators closed their transac
bullion market:
G old—The demand for gold has entirely ceased, and the Bank has pur- tions.
Grain markets have been heavy, and this week’s average
•chased £70,000. A rrivals: R iv e r Plate, £ 1 7 ,0 0 0 ; India, £7,000. Shipm siiver°gradually gave w ay until 43i5ied. was touched yesterday, when, Gazette price of wheat is the lowest of the year, being 30s:
w ith better rate for India Council bills, a firmer tone was m anifest, and 5d. per quarter, in contrast with 31s 4d. a month previously
w e quote to-day 44d. A rrivals, £1 4,00 0 from New York. Shipments
and 33s. 6d. a year ago. The imports of wheat and flour (the
t0M exican Dollars fell to their m elting value, and were quoted 42Jid.,
latter in equivalent of wheat) from the 1st of September to
w h ich remains the nearest quotation. Arrivals, £9 8,00 0 from Vera
the 11th of February has this year been 7,968,000 quarters, in
Cruz.
The quotations for bullion are reported as fo llo w s:
contrast with 7,425,000 quarters in 1886-7 and 7,372,000 quar
ters for the corresponding period of 1885-6. The deliveries o f
SILV E R.
GOLD.
Feb. 9.
home wheat have been much in excess of those of the cor
London Standard. Feb. 16
London Standard. Feb. 16. Feb. 9.
d.
responding period, as from the 1st of September they have
d.
s. d.
s.
d.
44 1-16
44
Bar silver........... oz.
77 9%
Bar gold, fin e...,oz.j 77 9
reached 4,491,000 quarters, against 3,525,000 quarters in 1886-7
Bar silver, contain•Bar gold, conta!n’gi
and 4,407,000 quarters in 1885-6. It had been expected that
44 7-16
44%
ing 5grs. g old ..oz.
77 10%
20 d *t'i silver..oz. ‘ 77 10
47%
47 7-16
farmers’ deliveries would fall off, but so far this has not been
igpan.doubloons..oz. ..........
Mexican do ls....o z.
S.A m .diubloons.oz.' ..........
the case. Last year’s wheat crop in this country, it will be
The course of prices of American railway shares here has remembered, was above the average both as to quantity and
been intermittently downward, but there is a general impres quality. The weather in this country has been very w intry,
sion that at any moment the market may take a turn for the with considerable snow in some parts of the kingdom. Farm
better. W h a t is looked for is some decided improvement at ers report that wheat is looking healthy and not too forward,
New York, and on the slightest indications of such this m ar. but the water supply, in consequence of the very small rain
ket might quickly respond. W e have been dosed with bad fall of late, gives rise to apprehensions. Indian wheat ship
news from America concerning the severe weather prevalent ments at present are quite unimportant, and are expected to
in some parts, rate-cutting at the W est, the Reading strike, remain so until the new crop comes forward for shipments,
etc., all of which has tended to lower the prices of railway Arrivals are expected to be tardy this season, and but very
stocks and to keep the public out of the market. Then, too, few contracts for shipment have as yet been arranged. The
th e recent discussions as to whether American shares afford South Australian harvest is estimated to yield a surplus for
adequate security for loans has had a depressing effect on shipment of from 40,000 to 50,000 tons, there having been a,
values. But, as said before, a change for the better at New good yield secured inj excellent condition. Dornbusch’s list
s p o r ts the quantity of wheat and flour on passage to the
Y ork might easily cause a rise here.
United Kingdom at 1,495,000 qrs., against 2,376,500 qrs iii
In consequence of the demand for all investment securities
1887 and 2,008,500 in 1886. These figures include the quantity
bearing a fixed rate of interest, there has been a steady ab
sorption of American bonds, and advantage has been taken off coast or thence en route to U . K . port of discharge.
The total quantity afloat for Europe is represented by 1,665,.
o f this demand, as well as of the low rates current for money
400 qrs., against 3,009,460 qrs. in 1887. A t present the quan
to float issues on the London market. W e lately had $5,000,
tity on passage to Europe is 1,344,060 qrs. below the total a t
000 Illinois Central 4 per cents placed here, and this week
there has been an issue of $2,500,000 Norfolk & W estern 5 per the corresponding period last season.
The quantity of maize on passage is made up o f 46,000 qrs»
«cent bonds. A n attempt has also been made to dispose of
flat, 101,000 qrs. round and 134,000 qrs. o f La Plata, giving a
$775,000 Prescott & Arizona Central Railway 6 per cent
total of 281,000 qrs., compared w ith 266,000 qrs. in 1887. The
bonds, but this last-named issue has not been favorably re
total quantity afloat for Europe U 372,40Q qrs.; a y e a r a g ^
ceived, inasmuch as the prospectus states that the working
1376,710
qrs. were in sight.
expenses o f the company in 1887 were under 40 per cent of
276
THE CH R O N ICLE.
E a x llili
[V O L . X L T I ,
F in a n c ia l ITKarRets— P e r C a b le .
, ^ e fohowing table shows the exports and imports of soecie
at the portof ifew Y o rk fo rth e week ending fX u S v
The daily closing quotations for securities, & c., at London
axe reported by cable as follows for the week ending March 2
London.
Sat.
Silver, per o z .......... . . . d .
Consols fo r m oney..........
Consols fo r a c c o u n t.___
F r’oh rentes (in Paris) fr.
U. S. 4*28 o f 1891...........
U. S. 4s o f 1907...............
Canadian P acific.............
Chic. MiL & St. P a u l....
E rie com m on s t o c k ......
Illinois C entral.. . . _____
P e n n sy lv a n ia .................
Philadelphia & Reading.
N ew Y ork Central...........
Mon.
Tues.
43 Tb 43%
102716 102616
102^2 1023s
82-15 82-76
108 % 109
128ia 128ia
58Ss
5 7 78
78%
7914
27%
26ia
I I 912 119
555s
55ia
341s
33%
110%
10978
43 78
102716
1029ie
82-15
108%
1281a
58%
781«
26%
119
55%
33%
10978
Wed.
431316 43%
102&16 1025,«
102916 102%
82-40 82-45
108% 108%
128% 128%
58%
58%
78%
79%
26%
26%
119
118%
55%
55%
33%
33%
109% 109%
tw fa iu K
Fri.
Thurs.
1888’ and fOT th6
43%
1023le
1025, 6
82-40
108%
128%
58
78 %
2578
117%
55%
3278
109%
Exports.
Gold.
Week.
Great B r it a in ..... .
F rance................... ’
Germ any.........
West In d ies..
M exico....... ........... ^
South A m erica.. . . I
A ll other countries.
Total 1888.,
Total 1887.,
Total 1886.
©oturaercial aud iSKiscellanrims Hew s
and
453,363
5,000
73,019
17,138
Silver.
000s Omitted.
Cus- Inter’l Misc’ls
Total.
tom*. Rev’ue Sowrc’s
July......................
August.................
Septem ber............
O ctober.................
N ovem ber.............
Decem ber.............
January.................
February................
$
18,215
22,687
20,799
19,506
15,742
15,420
17,839
19,691
$
9,768
10,850
10,442
10,829
9,881
10,602
9,500
9,080
%
2,832
2,081
2,619
8,414
3,505
3,038
3,095
2,381
Total 1 8 8 8 ...
Total 1887. ..
T otal 1 8 8 6 ...
1886-7.
Customs.
Inter’l Misc’ls lotaL
R ev’ue Sourc’s
$
80,815
35.618
33,860
f
9,480
9,990
9,460
9,479
9,581
9,544
8,780
8,243
$
17,899
21,193
20,086
33,889 10,758
29,128 15,087
29,0601 10,332
30,434 17,021
31,152| 18,874
2,258
2,439
2,141
3,301
3,418
2,747
2,595
2,657
29,037
33,022
31,687
29,538
28,086
28,628
28,396
29,774
Total 8 months. 149,989 80,9521 22*905 253,9001 143,250 74,557 21,556
239.363
1887-8.
Disbursements.
000s omitted.
Ordi
nary.
1886-7.
Pen In t. & Total.
sions. Prems.
$
t
14,750 11,448
10,948 16,500
f
i
8,933 35,187
1,269 28,717
Ju ly.........................
A ugu st....................
Septem ber....... ...,
O ctober............... J 22,429 2,329 12,047 36,805
Novem ber.............
9,572 18,288
518 28,878
D ecem ber.............. 10,381
19 2,580 12,98oj
J an u a ry................. 12,014
703 8,815 21,532
February................ . 9,461 9,963
474 19,898
Total 8 months. 89,561 59,250 84,636 183,4471
Ordi
nary.
P en
sions.
9,843
19,535
14,385
12,042
11,078
12,730
13,323
9,331
$
10,871
7,775
3,276
524
12,517
2,177
1,967
15,289
Inter
est.
8
8,089
1,501
2,922
6,895
1,403
3,577
8,095
865
Total.
%
29,403
28,909
20,583
19,461
25,658
18,484
23,385
25,485
102,867 54,396 34,105 191,308
organized since last advices :
3,846—The Jam estown National Bank, N. Y. Capital, *100,000. Chas
Dow, President; Mason M. Skiff, Cashier.
3,847 ^ « ^ a t i o n a l L i v e S t o c k Bank o f Chicago, Lake, 111. Capital,
Cashier
Jolm B " Sherman, President; Frank 8 . Washburn’
3,848—The F irsi National Bank o f Sheldon, Iowa. Capital, $50,000
o C/lo m ? e?,rge F - ®?hee> President; Charles S. M cLawry, Cashier
3,849
Douglas County N ationalB ank o f Lawrence,Kansas. Capi^ ^ ¡ ,f f i h i e r f UStln D ' Bower80ck’ P residen t; Hiram C,
Im ports
and
Exports
for the
W
eek
. — The imports of last
week, compared with those o f the preceding week, show an
increase m dry goods and a decrease in general merchandise
The total imports were $10,297,307, against $9,778,715 the nrecedmg week and $9,545,125 two weeks previous. The exports
lo r the week ended February 28 amounted to $6,454 232
against $5,472,428 last week and $6,109,408 two weeks previ
ous. The following are the imports at New York for the
week ending (for dry goods) February 23 and for the week
ending (for general merchandise) February 24: also, total
Bince the beginning of the first week in January:
FOREIGN IMPORTS AT NEW YORK.
F or Week.
D ry G ood s.........
Gen’l m eridise..
1885.
J
1886.
$2,884,169
5,043,594
$3,806,578
7,857,400
1887.
$3,611,215
6,222,705
1
1888.
$3,917,303
6,380,004
$767,959
3,275,764
1,710,938
Im ports.
$280,000
167,814
284,434
Week.
$1,826,930
77,600
1,900
51,553
10,000
$1,768
420,902
174,709
44,028
2,983
53,772
69,797
$52,528
37,902
135,862
Since Jan. 1 ,
$270,000
¡Since J a n .l
7,205
849
32,100
12,374
$2,090,154
2,809,886
7,629,517
Exports.
Great Britain..............
courtesy of the Secretary of the Treasury, we are enabled F
rance....... ............... ]
to place before our readers to-day the details of Government Germ any.........
receipts and disbursements for the month of February. W est I n d ie s ......
M exico......... ............ .
From previous returns we obtain the figures for previous South
A m erica...
months, and in that manner complete the statement since the A ll other coun tries...
beginning of the fiscal year for 1887-88 and 1886-87.
1887-8.
Week.
$458,363
1,516,285
1,219,571
E x p e n d i t u r e s . — Through the
Receipts.
Im ports.
Since Jan. 1 ,
$45,261
5,000
1,248
1,948,488
Week.
G overnm ent R evenue
“ 2
____________ e x p o r t s a n d i m p o r t s o f SPECIE AT NEW YORK.
Since J a n .l,
$12
18,468
108,458
30,020
4,439
8,947
62,420
3,034
7,361
189,458
$2,084,909
1,493,365
2,615,618
$34,932
55,234
41,736
$275,671
292,651
176,729
4,136
776
Of the above imports for the week in 1888, $37,889 were
American gold com and $5,612 Am erican silver coin. Of the
exports during the same time $17,000 were American gold
inSriS™0«
?
Ban.k S*— The following statement shows the
^ ™
. o f the Associated Banks o f New Y ork City for the
veek ending February 25. 1888:
Average Am ount of—
Banks.
Loans and
Discounts,
$
New Y o r k .......
Manhattan C o.......
Merchants’ . . . . . . . .
Mechanics’.............
America........ .
Phenix....................
City..........................
Tradesmen’ s . . .......
Chem ical....... .........
Merchants’ E x ch .
Gallatin National.
Butchers’ & D rov.
Mechanics’ & T ra.
Greenwich..............
Leather M anuf’rs .
Seventh W ard.......
State o f N . Y .........
Amerio’n E x ch ’ge.
Com m erce..............
Broadway...............
Mercantile....... ......
P acific_____. . . . . . .
R e p u b lic .............
C h a th a m ............
Peoples’. . . . ..........
North A m e rica ...
H anover...............
Irving....................
Citizens’ . . . . __. . .
Nassau.................. .
Market <& Fulton
St. N ic h o la s ......*
Shoe & L e a th e r...
Corn E x ch a n g e . . .
Continental............
O r ie n ta l..............
I mr orters’ & Trad.
Park........ ............
North R iv e r..........
East R iv e r.............
Fourth N a tio n a l. .
Central N ational..
Second N a tio n a l. .
Ninth N a tion a l....
First N ational.......
Third N a tio n a l....
N. Y . Nat. E x c h ...
B ow ery...................
N. Y . C ounty.........
German-Amerio’n .
Chase N ational___
F ilth A ven u e.........
German Exchange.
Germania.... . . . . . . .
United States........
L in c o ln .................
G&iiield...................
Fifth National.......
B’k o f the M etrop.
W est S i d e . . . . . . . . . .
Seaboard ................
Sixth N ational___
Western National.
10,930.000
9.391.000
6.870.300
8.495.000
11.769.900
3.591.000
8,153,100
2.727.000
19,446,800
3.564.400
4.924.200
1.951.800
2.012.000
1.153.400
3.141.200
1.300.200
. 3.646,000
16.037.000
16,912.500
6.615.500
8.255.700
2.408.800
9.231.200
4.435.300
2.177.300
2.615.800
12,335.100
2.961.000
2.749.800
2.554.500
4.324.400
1.925.000
3.131.000
5.983.000
4.222.300
2.100.000
19.837.200
18.992.900
i;939,800
1.374.800
15,967,400
7,000,600
3.451.000
5.104.200
20,819,700
5.162.700
1,438^600
2.425.200
2.126.500
2.561.000
7.7951300
3.035.400
2.495.800
2.433.500
4,812 700
2.608.400
2.233.700
1.425.800
3.704.500
1.824.000
2.275.900
1.725.300
8.598.500
1,880.000
1.460.000
1.545.400
860,000
2,000,000
602.000
5.832.600
511,200
0.299.500
493.400
584.100
384.900
102.000
122,600
731.100
277.900
404.000
4.073.000
4.385.500
962.500
1,211,300
426.000
1.620,800
1,277.900
254.700
700.000
2.825.100
635.300
504.900
270.800
906.900
238.700
678.000
780.700
1.053.000
180.000
4.113.500
4.753.500
174.100
288.000
2.470.700
1.501.200
627,000
993.800
4.081.700
1. 102.100
221.500
544.900
587.100
496.800
1,530.400
742.200
90,100
185,600
932.700
773.700
543.200
303.200
946.300
281.700
563.400
355.100
656.800
Net Deposits
other
than U.S.
Legal
lenders.
Specie.
$
1,010.000
891.000
861.400
1.132.000
712.700
242.000
910.000
134.800
641.800
356.300
658,600
120,2001
205.000
104.300
273.700
78,200
. 278.000
1.957.000
1.133.500
380.400
781,900
318.800
527.800
409.700
78,000
246.400
580.800
254.100
190.700
436.800
282.400
82,700
286.000
268,000
704.700
400.000
1.444.000
2,296,700
157.800
108.800
1.822.500
1.055.500
443.000
258.200
1.943.800
391.400
133.300
198.500
138.400
151.000
623,600
151.100
573.400
417.300
79.300
118.400
234.700
214.700
311.300
297.300
237.200
300.500
1.275.800
Circular
tion.
r
1 0,630,000
9 .530.000
7 .414.700
7.2 1 9 .0 0 0
10.571.400
2 .948.000
12.091.200
2.533.300
2 0 .795.600
3 ,9 3 e ,0 0 0
3 .969,900
1.910.800
2 .105.000
45,000
262,000
90,000
"83,905
512.400
250,000
1,121,200
2.712.100
1.295.500
2.9 7 9 .7 0 0
16.058.000
13.749.400
5 .049.700
8 .1 3 9 .3 0 0
2.7 1 2 .0 0 0
9 .0 1 8 .4 0 0
" "2*600
535,600
43,400
618,600
45.000
898,700
"42,205
5.196.400
45.000
2.5 8 6 .8 0 0
3 .298.500
12.879.600
3 .1 8 0 .0 0 0
45.000
40,700
45.000
2.890.700
3 .0 2 6 .0 0 0
4.223.400
1.6 7 6 .0 0 0
3.4 2 4 .0 0 0
5 .3 3 1 .0 0 0
5.3 4 7 .6 0 0
2 .080.000
2 1 .3 2 0 .5 0 0
24.224.000
2 .0 4 9 .3 0 0
1 .511.000
16.121.000
8.7 3 4 .0 0 0
4.1 5 7 .0 0 0
„5 ,2 0 0 ,4 0 0
2 0 .2 3 4 .5 0 0
5 .4 2 5 .2 0 0
1 .270.300
2 ,6 0 2 ,1 0 0
2 .7 2 5 .1 0 0
2.387.100
8 .1 0 2 .6 0 0
3.6 1 8 .9 0 0
3 .112.700
2.7 7 9 .8 0 0
4.6 9 8 .9 0 0
3.196.200
2.757.300
1.650.500
4.509.700
43^ 6 0 0
446*9*00
*45,005
9*82,900
34.900
8Ì*,Ò0Ò
180,000
45.000
41.000
45.000
444,900
43.900
200,400
225.000
180.000
67,500
45.000
44,900
45.000
130,700
2 .098.200
2.9 5 8 .9 0 0
2 ,045,600
7 .1 6 5 .1 0 0
T otal............
Since Jan. 1.
D ry G oods.........
G en’l m er’d ise ..
$7,927,763
$11,663,978
$9,833,920 $10,297,307
$19,089,584
36,762,245
$21,480,589
46,397,232
$24,518,686 $26,296,981
46,552,971
49,605,014
T otal.
T otal 8 w eeks..
$55,851,829' $67,877,821
$71,071,657] $75,901.995
Boston Banks.— Following are the totals of the Boston b a n k g i
im -
ports o f dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port o f New York to foreign ports for the
week ending February 28, 1888, and from January 1 to date:
1886.
1887.
1888.
F o r the w eek ....
P rev. reported..
$5,869,353
47,372,015
$5,246,043
39,195,595
$7,870,140
36,672,979
$6,454,232
41,288,122
T otal 8 w eeks..
$53,241,368
$44,441,638
$44,543,119
$47,742,354
Loans.
$
Feb 11 148,807,800
“ 18 143,590,600
“ 26 143,689.200
Specie.
$
9,120,000
9,357.500
9,561,100
7 ,650,70(1
L. T ’nders. D eposits.* C ircnla’n. A gg.O l’ ngs
$
$
3,365,000 111.308.300
3,307,400 111,085,000
3.327,100 109,892,200
$
6.480,000
8.433,100
6,460,900
$
82,059,448
82.654,616
6S.091.S88
Philadelphia B anks.— The totals have been as follow s:
EXPORTS FROM NEW YO RK .
1885.
1888
366,eSO,600 77,011,100 33,306,100 380,467,100
1888,
Loans.
F eb 1 1 .......
»
18.......
“
25.......
$
87.134,100
86.629,500
86,498.600
L aw ful M on’y Deposits.*
$
23,363,300
23,257,400
22,871,600
$
84.382,600
83.921,200
83,802,000
"Including the item “ due to other hanks.1
C ircnla’n
A gg .C l’ngS
$
2,314,590
2,322,150
2.321,740
52.869,235
56,469,292
51,240,576
$
March
THE CH KOM CLE
3, 1888.]
S eattle L ake Shore & Eastern .— This road w ill open in a
few days its line to the tSquak coal mines, 54 miles from
Seattle. These coal mines are said to be the largest on the
Pacific coast. The Seattle Coal & Iron Company, with a
capital stock of $5,000,000, is ready to ship at once at least
400 tons of coal a day over the S. L. S. & E. RR ., and within
60 days the tonnage per day will be double the above amount.
A n additional 40 miles of road has just been put under con
tract, to be completed during the summer of 1888. The pro
jected lm e is from Seattle over the Cascade Mountains and
through the wheat-producing district of W ashington Territory
to Spokane Falls on the Northern Pacific Railroad.
Standard O il T ru st.— The investigating committee of the
Legislature has brought out, with other things, the follow
ing facts concerning this famous “ Trust” : It was formed in
January, 1882, under an agreement of about fifty oil refiners
in different parts of the country. These companies bad sur
rendered their stock to a board of trustees, and received in re
turn a certificate representing their proportionate value. The
present capital stock of the “ Trust” was $90,000,000. It had
been increased to that from $70,000,000.
“ W ere these certificates not in excess of the real value of
the stock, or, in other words, could not the trustees issue cer
tificates representing $200,000 upon receipt of stock represent
ing $150,000 ?” was next asked.
“ No, sir.”
“ Then there was no water with the oil ?”
“ None whatever,”
Mr. Rockefeller said the trustees of the “ Trust” were O. H .
Payne, of Cleveland; W . G. Morgan, of Philadelphia; H . M.
Flagler, J. A . Bostwick, John B. Archbold, Charles Pratt,
W illiam Rockefeller, Benjamin Brewster and John D. Rocke
feller, of New Y o rk . The total product of the oil refining in
terests of the country last year had been about 27,000,000 or
28,000,000 barrels, of which the Standard Oil “ Trust ” pro
duced about 75 per cent. Its capacity was equal to the total
product of last year.
A tabulated statement given to the committee, showed the
number of companies now in the Standard Oil Trust, their
capital stock, and to what extent the Trust controls them. It
is as follows:
NEW YORK STATE.
Covered
by Trust.
Cap. Stock.
Name o f Company.
Business.
Entire.
. $300,000—A cm e. O il............................. Oil products.
Entire.
200.000—Atlas Refining C o .............. Oil products.
Entire.
25.000—Am erican W ick Man. C o .. Lam p Wicks.
50
p. c.
[ 300,000—B a s il* D enslow Man. Co. Oil products.
2661-5000
500.000— Chesbrough Manuf. C o ... Oil products.
67 *2 p. o.
200.000—Central R efining C o......... Oil products.
Entire.
30 0.00 0— D evoe Manuf. C o.......... P ’krs. o f oils.
80 p. c.
100.000— E m pire Ref. C o.(Lim ited.) Oil products.
Entire.
100.000— Oswego Manuf. C o....... W ood cases.
Entire.
500.000— P ratt Manuf. Co........... Oil products.
Entire.
5.000. 0 0 0 —Standard Oil (N. Y .) ......... Oil products.
Entire.
25 0.00 0— Stone & Flem ing M anu f.. Oil products.
80 p. o.
250.000— Thom pson & B ed ford _ Oil products.
75 p. c.
25.000—Yaeuum Oil C o................... Oil products.
NEW JERSEY.
Entire.
350.000— Fagle O il.......................... Oil products.
Entire.
75 .0 0 0 — M cK irgan O il................ Oil products.
Entire.
3.000. 0 0 0 —Standard Oil (N. J .) . . . . . . Oil products.
PENNSYLVANIA.
Entire.
300.000—A cm e O il............................. Oil products.
Entire.
400.000—A llantio R efining.............. Oil products.
Entire.
17 5.000— E clipse Lubricating O il.. Oil products.
150.000—Galena Oil W o r k s ............. Oil products.
86*4 p. c.
Entire.
300.000— Imperial R e fin in g ......... Oil products.
1.000. 000—Producers’ Consolidated
6532100
Land & P etroleum . . . . Crude oil.
94 p. o.
25,455,200—National Transit......... .
Crude oil.
Entire
, 4 0 0 ,0 0 0 —Standard Oil. (P a.)............ Oil products.
38% p. c]
100.000— Signal Oil W orks............ Oil products.
OHIO.
1.000. 000—Consolidated Tank L in e .. Petroleum products. 57 p. c.
50.000— Inland Oil Co................. Petroleum products.
50 p. o.
3,500,000—Standard Oil (O .).............. Oil p ro lucts.
Entire.
50 0.00 0— Solar Refining C o.......... Oil products.
Entire.
KENTUCKY.
600.000— Standard Oil^Co............ P etroleum products.
Entire.
— The financial report of the Equitable Life Assurance Soci
ety, published in the C h r o n i c l e to-day, shows that it ranks first
among its leading competitors in the following particulars:
Outstanding assurance, $488,029,562; new business, $138,023,105; surplus, $18,104,255; income, $23,240,849, and premium
income, $19,115,775. Its assets have increased during the year
more than those of any other company, and it has a larger per
centage of assets to liabilities than any other. The prosperity
of the Equitable is attributed to the fact that it is organized on
the mutual basis, and has from the first been pushed with
great ability by Mr. H yde and his associates.^ It pays its
claims with promptness and issues a policy which is said to
combine many advantages and guarantees. This is known as
the free tontine policy, which is without restriction as to
travel, residence and occupation after the first year; is incon
testable after two years; is payable immediately upon the
death of the assured and is non-forfeiting (having a surrender
value in paid-up assurance) after the third year.
— The Maxwell Land Grant Company offers an issue of
$2,500,000 6 per cent prior lien gold bonds, for which proposals
will be received at 94J^ flat on March 5 by Messers. Lee,
Higginson & Co., Boston, or Chase & Higgineon, New
York, by Messrs. N. Thouron & Co., Philadelphia, and by the
Maxwell Land Grant Company at Amsterdam, Holland. The
estate on which the bonds are secured consists of about
1,700,000 acres of land in Colorado and New Mexico. Full
particulars will be found in the advertising columns of the
C h r o n ic l e .
— Messrs. Rand, McNally & Co., 323 Broadway, have issued
number twelve in their valuable series of Compet tive Route
Maps, showing the lines between Chicago and New Orleans,and
the distances by the respective routes.
A u ction Sales.— The following were sold this week at
auction by Messrs. Adrian H . Muller & S o n :
Shares.
80 M etropolitan Nat. Rafck
(45 per cent p a id )___ . . . 22*2
50 North R iver B a n k .......... 136
500 Farmers’ L oan & Tr. C o ..464
40 H am ilton Fire Ins. C o. . . 108 *2
31 42d St. & Grand St. Ferry
R R . C o.............................. 208
5 N. Y . Sun Pub. Co $3,350 p. sh.
4 Pennsylvania Coal C o .. .262*4
4 M exican Telegraph C o .. .161
26 Cent. & South Am. TeL Co. 99
8 Internat. & Ocean Tel. Co. 91
12 E leventh Ward Bank . . . 200*2
50 Tradesmen’s Nat. B an k.. 106
20 H om e Ins. C o ..................... 125*2
100 L ong Island Bank............. 1197s
20 Bank of the State o f N.Y.118*8
6 Equit’e Gas-L’t Co. o f N .Y .111*4
10 K nickerbocker Ice C o___ 102
100 A m erican Loan & Tr. Co. 100
50 Second Ave. R R . C o......... 1 1 2 78
WM. ED W AR D COFFIN.
W A LTE R STANTON.
C O F F I N
&
W E S T VIRGINIA.
20 0.00 0— Camden Consolidated Oil. Oil products.
119,100—West Virginia^OU C o . . . . . . Oil products.
S T A N T O N ,
BANKERS,
11
W ALL
STREET,
NEW
YORK.
N EGOTIATE
S ta te ,
M u n ic ip a l ,
R a ilr o a d .
W a te r
and
G as
B on d s.
M ONEY ADVANCED ON M ARK ETA B LE SECURITIES.
WE OFFER FO R SALE A
Oil products. 5059-6000 p. c.
Baltimore U nited .Oil Co.
Shares.
N.Y. B ow ery Fire Ins. Co.l39*a
M ercantile Fire Ins. Co . 60
Fifth Ave. Transpor’n Co. 69 *a
B rooklyn A rt Assoeiat’n $7 2
U. 6. D redging & Canal
Construction C o ............ 3
100 Ball E lectric L ight C o ... 20
100 H om e Insurance C o......... 125
25 Standard Gas Co., p r e f ... 8 0
Bonds.
$1,000 Oswego & R om e R R .
Co.. 1st. 7s, 1 9 1 5 ............128*a
$2,000 Har. Riv. & Portchest.
R R . Co., 1st, 6s, 1 9 03...122*3
$10,000 H ar.R iv.& P ortchest.
RR. Co., 1st, 7s, 1 9 0 3 .. 13 4
$2,000 Citizens’ Gas-Light Co.
o f W estchester Co.,N.Y.,
1st, 6 s, 1 9 0 6 ............ 103 & ini.
$1,500 Arkansas State Levee
bonds, July, 1873, cp.on. 3 7a
20
5
15
1
200
S atxM u g autf J fiu a ticta ;!.
MARYLAND.
600.000—
277
LIM ITE D AMOUNT
------ OF-------
Entire.
47*2 p. o.
KAN SAS
C IT Y ,
KAN SAS,
ILLINOIS.
500.000— P. C. H a n d fo rd O il........
Oil products.
MINNESOTA.
1 0 0 .0 0 0 —Standard O il.............. .
Oil product.
51 p. o.
SEVEN P E R C E N T IM P R O V E M E N T R O N D S.
Entire.
P r ic e ,
MISSOURI.
40 0.00 0— Waters & Pierce O il.....
Oil product.
MASSACHUSETTS.
Oil product.
Oil product.
Entire.
Entire.
600.000—Standard O il ..................... Oil product.
300.000— Continental Oil.............. Oil product.
60 p. c.
62*2 p. c.
100.000—B eacon O il..........................
100.000—M averick O il....... ..............
104
and
A ccrued
I n te r e s t.
50 p. c.
G R I S W O L D
3
IOW A.
W ALL
MARCH
W ab ash .— Gen. John McNulta, receiver of the Wabash, has
filed his report for January, a synopsis of which is as follows :
&
G I L L E T T ,
STREET,
N. Y .
IN V E S T M E N T S .
RECEIPTS.
Balance cash Dec. 3 1 ,1 8 8 7 .............................................................
R eceipts on accounts prior to A pril 1 ,1 8 8 7 .................................
Receipts on current accoun ts...........................................................
334,029
100
725,257
.............. ................................................................................ $1,059,386
DISBURSEMENTS '
On accounts prior to A pril 1 ,1 8 8 7 ................................. ; .............
O n current accou n t.............................................................................
D eposit fo r paym ent o f coupon on first m ortgage bon ds...........
W RITE US IF YOU W ISH TO B U Y CHOICE ISSUES OF C ITY
COUNTY OR TOWN BONDS TO NET INVESTOR FROM 4*4 TO
eg, P E R CENT.
$1,886
653,474
122,944
TotsJl...............................................................................................
$778,304
Balance, cash on hand Jan. 31, 1888......... ..........................
$281,082 : I*®®
W . J. H AYES
F O R E IG N
S u p e r io r St.,
&
& D O M E S T IC
SONS,
BANKERS,
C le v e la n d , O h io '
THE CHRONICLE.
.278
3 P
xt
Ip a ttfije r s '
d & n z zttz.
D I V I D E N D Si
The follow in g dividends have recently been a n n ou n ced :
When
P er
Cent. Payable.
Name o f Company.
R a ilr o a d s .
A tlanta & Charlotte A ir L ine.......
Eastern, Massachusetts, p re f___
L ittle Mi uni (quar ) ......................
P ittsburg Youngst’n & Ash. p ref .
'West Jersey ......................................
W est Jersey & A tlantic.................
m is c e lla n e o u s .
D elaware & H u i Canal (quar.)..
Books Closed,
( Days inclusive.)
2
3^2
3
2*2
Mar.
6 Feb. 12 t o ----------Mar.
1
Mar. 10 Mar. 1 to Mar. 11
Mar. 19 Mar. 10 to Mar. 18
Mar. 15 Feb 25 to ----------Mar. 15 Feb. 25 to —---------
lh t
Mar.
2ifi
15 Feb. 26 to March 15
W A L L S T R E E T , F R I D A Y , M a rch 2 , 1 8 8 8 - 5 P. M .
The
Money
M arket
and
Financial Situation.— There
have been some features of interest this week to relieve the dull
monotony of affairs in W a ll Street. Chief among these was
the introduction of dealings in petroleum certificates among
the unlisted securities at the Stock Exchange. The new busi
ness started off well, and it was supposed to represent about
the volume of transactions that had previously been done at
the Consolidated Board for Stock Exchange members. In all
controversies and rivalries between parties competing in busi
ness, there are methods of warfare which are mean and small
and others which are generally acknowledged to be fair an d
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying [
premium; selling £ premium; Charleston, buying 1-16 premium;
selling \ premium; New Orleans,commercial, 50 @ 7 5c. premium;
bank, par; St. Louis, 75c. premium; Chicago, par@25c. dis
count.
The rates of leading bankers are as follow s:
March 2.
ing the Consolidated Exchange with its own weapons.
The stock market has been clouded a little this week by the
Burlington & Quincy strike, and other minor matters such as the
decrease for one month of Reading’s earnings during the strike
in January.
It was also reported that selling for foreign
account had something to do with the weakness in certain
stocks on m e or two days, and this was rather a novel feature,
as the foreigners have been such steady buyers during a year
o r more past.
The C hronicle to day gives recent sales of Exchange seats
as follows: New York Stock Exchange, $19,000; Consolidated
¡Stock & Petroleum, $1,000; N. Y . Produce, $1,700; N . Y .
'Cotton, $1,400; N . Y . Coffee, $660; N . Y . Real Estate,
Boston Stock, $14,000; Philadelphia Stock, $2,600;
«Chicago Board of Trade, $1,890.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 3 per cent,
with exceptional business at 4 and 5 per cent; to-day the rates
were 2 @ 3 per cent. Prime commercial paper is quoted at 4£
’<g)5i percent.
The Bank of England weekly statement on Thursday showed
-a gain in specie of £394,000, and the percentage of reserve to
liabilities was 44*90, against 46*78 last week; the discount
fa te remains unchanged at 2^ per cent.
The Bank of France
jgained 450,000 francs in gold and 525,000 francs in silver.
The New York Clearing House banks in their statement of
February 25 showed a decrease in surplus reserve of $2 ,736 ,3)50, the total surplus being $15,200,425, against $17,937,375
the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
«averages of the New York Clearing House banks:
1888.
Feb. 25.
Diffr'nc's f r ’ rn
Prev. Week.
1887.
Feb. 26.
1886.
Feb. 27.
$
$
$
$
L oans and dlsc’ts. 366,680.600 In c. 431,200 368,413,500 349,677,000
«Specie..................... 77.011.100 D ec.2,832,300 87,068,800 92.343,600
7.680,700 I n c .
19,500
7,606,700
«Circulation............
8,666,100
■Net deposits.......... 380,467,100 D ec.2,441,800 387,462,800 390,252,100
L eg al tenders. . . . . 33.306.100 D ec. 515,100 21,189,900 31,157,200
L e g a l reserve....... 95,116,775 Dec. 610,450 96,865,700 97.563,025
R ese rv e b e ld ......... 110,317,200 Dec.3,347,400 108,258,700 123,500,800
15,200,425 D ec.2,736,950
11,393,000
25,937,775
E xch an ge.— Sterling exchange has been fairly active at
times during the past week, and although the demand has not
-been remarkably brisk it was greater than the supply, and all
•classes of bills were scarce, especially commercial. The mar
ket has also been influenced somewhat by the sales of stocks
for foreign account, though this movement was not extensive.
Under these circumstances prices have been strong and higher,
and posted rates were advanced -Je. on Monday to 4 86@ 86J
And 4 88 @ 88J , which have been maintained since.
T o -d a y the rates on actual business were as follows, viz. :
^Bankers’ 60 days’ sterling, 4 8 5 ^ @ 4 8 5 f ; demand, 4 8 7 ^ © 4 87|
•Cables, 4 8 7 f @ 4 88.
Commercial bills were 4 8 4 ^ @ 4 84J.
Continental bills were: Francs, 5 20(g)5 20$- an d 5 17^(S^5 18-1 7
xeichmarks, 95^© 95| and 9 5 4 ® 9 5 f ; guilders,
“7
< 4 0 f@ 4 0 i.
g ft m a
Sixty Days.
Prime bankers’ sterling bills on L on d on .. 4 86 @ 4
4 841204
Documentary com m ercial........................ . 4 8414 0 4
5 20 0 5
Amsterdam (guilders).................................. 403,^ 0
Frankfort or Bremen (reichm arks)...........
9514 0
Dem and.
8 6 I2 4 88 @ 4 881*
85
843*
193s 5 183^05* 171*
4014 4038 04O7Vg
9538
9512095«%
Coins.— The following are quotations in gold for various coins :
Sovereigns.............$4 85
Napoleons.............. 3 85
X X R eichm arks.. 4 74
X G u ild e rs.......... 3 96
Span’ h D oubloons.15 60
Mex. D ou bloon s..15 55
Fine gold bars. . . .
par
•a»$4 88 [Fine silver Lara.. — 95*4®
0 3 89
F ive fran cs..........— 93
0
0 4 80
M exican dollars.. — 74*2 ®
0 4 OO
Do uncoinmerc’l — 74 @
@ 15 85
Peruvian sols.......— 74
@
@ 15 75
Englisli silv er__ 4JI0 @
@ 14prem. U. S. trade dollars — 7 4 @
9®
— 95
— 75*a
— —
— 75
4 86
United States Bonds.— Government bonds have been very
dull, and the general tendency of the market has been down
ward, though the changes are slight. The passage of the bill
in Congress authorizing the Secretary of the Treasury to buy
Government bonds in the open market without limit of price
would probably have the effect of stimulating holders to
advance their views.
The closing prices at the N . Y . Board have been as follow s:
*open; and whatever may be thought of the course pursued in
other matters, it must be allowed that placing petroleum certifi
cates on the Board list is a fair and legitimate method of fight
[V ol. XL VL
Interest
Periods
4128,1 8 9 1 ............reg
4128,1 8 9 1 .........coup.
4s, 1907................reg.
4s, 1907............ coup.
6s, cur’c y ,’9 5 ___ reg.
6s, cur’ c y ,’ 9 6 ....r e g .
6s, cur’ey, ’9 7 ___ reg.
6s, cùr’cÿ, ’9 8 ___reg.
6s, cur’ cy, ’ 9 9 ___ reg.
Feb.
25.
Feb.
27
Feb
23
Feb.
29.
Mar.
1.
Q.-Mar. *1061« IO6I2 *10 '83 *10638 *106
Q.-Mar. *10758 1075a 10712 *107!« xlOG^é
Q.-Jan. » u s 1« *12512 *12538 *12538 *X24>4
Q.-Jan. *12512 *125 «2 ’ 1253s *12638 *12514
J. & J *120 *120 *120 *120 *120
J. & J. *122 *122 *122 *122 *122
J. & J. *124 *124 *124 *124 »124
J. & J. *126 *126 *126 *124 *126
J. & J 1*128 1*128 1*128 1*128 1*128
Mar.
2.
lC 6 ia
1063a
*1241t
*1253*
*120
*122
*124
127
*128
* This is the price bid at the morning b o a rd ; no sale was made.
State and Railroad Bonds.— State bonds are still somewhat
neglected, the dealings being very limited and without special
significance.
R iilroad bonds continue to attract some attention, and the
dealings have been relatively more important than in stocks
during the past week. But there is no special animation in
the general list, though one or two specialties had little spurts
of activity. Erie 2ds have been rather conspicuous, having
been freely sold and depressed somewhat by bear attacks, but
this movement failed to have any important effect on other
bonds. Chesapeake &] Ohio bonds of different classes, after
continued weakness in the early dealings, became much firmer,
and scored an advance of two or three points. Rock Island
5s were a little firmer, though they did not recover much of
their previous decline, and are still lower to-day.
R ailroad and Miscellaneous Stocks.— The stock market
has been irregular and fluctuated a little more than o f late, on
a small volume of business. In the early part of the week
prices tended downward, and som^ of the leading stocks
were quite weak under various unfavorable features. There
have been recoveries and times of firmness and even strength
since then, though the fluctuations, except in a few cases, have
been somewhat limited. The transactions on London account
are reported of some •importance this week, and prices have
been affected by these dealings, as well as the sterling exchange
market. London has both sold and bought our stocks, though
the selling, on the whole, has probably been more than the
buying. The strike of engineers and firemen on the C. B. & Q .
road, which was inaugurated Monday morning, has been an
unsettling influence, and helped the bears in their operations.
C. B. & Q. stock gradually fell off a few points, though no
general selling movement has resulted in this or any other
stock.
The principal feature of the market, however, has been the
movement in a few of the leading stocks. The Erie stocks
and bonds were quite sharply depressed, without any adequate
explanation, though it was rumored, and promptly denied,
that the company contemplated a reduction in wages that
would result in a strike on its lines. Louisville and Nashville
was also weak in the early dealings, though it subsequently
recovered and sold higher “ ex-dividend” than it had the day
previous with the dividend on.
The Richmond Terminal
stocks have been less conspicuous than they were the previous
week, though still maintaining a fair share of attention, and
have been quite' irregular. Reading has been quite weak
with considerable transactions, due to the heavy decline in
earnings in consequence of the strike, It has not recovered,
as well
some others,
~ ,
A s a whol6, tbs market has been very irregular and uncerwith the general tendency downward and prices closing
near the lowest figures, Legislation at Washington has
attracted some attention, and the outcome of the surplus and
tariff questions are awaited with interest.
M arch
THE CHRONICLE.
3 ,18(8.]
STOCKS— P R IC E S A T N .Y . STOCK E X C H A N G E FO R W E E K EN D IN G
279
M A R C H 2 , A N D SINCE JA N . 1, 1888.
H IG H E ST A N D LOWEST PBICES.
STOCKS.
Saturday,
Feb. 25.
A c tiv e H R . S to ck s.
A tla n tic & P acific......................
Monday,
Feb. 27.
Tuesday.
Feb. 28.
ffr w c a*§ fe e jr iç ç g
10
*54
52%
80%
29
2%
4%
4
125%
76%
115%
107%
*143%
*111%
*12%
*35
*37%
106%
*50
10
9 7s 10%
57
56% 56%
53
52
53
81% 80% 81%
29
29% 29%
3%
478
5
5
4
4
4
125% 124 124%
77% | 76% 77%
115% 1 115% 115%
108 I 1073g 108%
144% ! 143 143
1127a! 112% 113
14% I *12% 14
37
*36
38
38%
38
38
Thursday,
March 1.
9%
9%
Friday,
M arch 2.
9
9%
Sales
o f the
Week,
Shares.
B ange Since Jan. 1,1 888 .
Lowest.
Highest.
1,010
30C
3,295
12,670
491
93E
1,311
546
5,853
77,310
1,013
37,495
10
1,675
9 Mar. 2 10% Jan, 1055% Feb. 6 62% Jan. 3
52
Feb. 13 56% Jan. 9
Canada Southern.......................
75 Jan. 3 81% Feb. 25•Central o f N ew Jersey............
28
Mar. 2 33% Jan. ÌO
C entral P acific__ _ , . .............
2% Feb. IS
5% Feb. 4
4%
Feb.
27 10 Jan. 24
I)o
1st p re f.
3% Mar. 2
7% Feb. 77
124 Feb. 29 130% Jan. 27
C hicago Burlington <&Quincy.
74 Jan. 4 78 Feb. 24C hicago Milwaukee & St. Paul.
112% Jan. 4 116 Feb. 17
I)o
p ref.
106% Jan. 4 110% Jan. 3 0
C h ica g o <fe Northwestern ___
140% Jan. 6 145% Feb. 1
I)o
p ref.
112% 112%
111% Feb. 15 114% Jan. 27"
-Chicago B ock Island & Pacific.
*12% 14
13 Jan. 4 14% Jan. 10Chicago St. Louis <fePittsburg.
35
100 35 Feb. 14 38% Jan. 635
Do
p ref.
600 36% Feb. 14 40% Jan. HP
38% 38% *38
38%
C hicago St. P aul Min. & Oin. ..
*106 107% 108% 108%
205
51
*49
800 50 Feb. 28 53% Feb. 16
*49
52
50
50
53
50%
Cleveland Col.Cin.& Indianap. *51
*91 1A ÖSla
15C 21 Feb. 21
21% 21% *21
D elaw are Lackawanna & West 130141307c 129% 130% 129% 129% 129 129% 129% 130% 129% 129% 54,775 128% Jan. 5 133% Jan! 3 0
20
1,295 19% Feb. 2£ 23 Jan. 6
20
20% 20%
21
21
22
19% 19%
D en ver & B io G., assessm’tp d . *21
50
1,047 49% Feb. 2£ 55 Jan. 2 8 '
50
50
50
52%
49% 50
51% 51%
Do
pref. *5178 52%
97p
978
1,450
978
97g
9%
*978
10%
9%
9% Mar. 1 107« Jan. 1 2
10
9%
10%
E ast Tennessee Ya. <&Ga. B ’y . *10
64
*61
64% *60
*60
64
64% *61
64
59% Jan. 25 65 Feb. 2 3 '
*61
64
Do
1st pref. *62
22
21%
21%
21%
i,68
8
22
21%
22%
21%
22
22
22
20%
Feb. 15 23% Feb. 24
Do
2d p re f.. 22ia
10( 87 Jan. 2C
*87% 88
*87% 88
87% 87%
43
300
43
43%
*43
43
ig
43%
*43
43%
*43
43%
43% 43%
40% Jan. 20 46% Jan. 3.
. .F ort Worth & Denver C ity___
9%
0 % Jan 27'
20(
9%
*8%
9% 1 *ftfi> 9
8%
*9
8%
116% 116% *115 117% 11678 11678 115 Í1 5 *114 116
730 115 Mar. 1 122% Feb! ~3
Illinois Central.......................... 116ia 117
13
13
50 12 Feb. 11 14 Jan. 20
13
*12
13
*12
*12
13
13
*12
13
Ind. Bloom. <& W est................. *11
30
30
20C 277g Jan. 16 31 Feb. 13'
*30
31
* 2 9 % ......... *29%
15
15% 15% *1434 15% *15
225 14% Jan. 24 1 16 Jan! 30
15% *15
15
15%
15% *15
Lake E rie «Ss W estern................
45 34 45 % 45
850 44 Jan. 20 47 Jan. 9
45% 4 5 % 45% 45%
45% 45% *45% 46
45%
Do
p ref.
90% 91%
91
91%
91% 91% ! 90% 91% 20,665 90% Feb. 8 95% Jan. 9
90% 91%
L ake Shore <fe Mich. Southern.
91ia 91%
*90
92
92
92 1 *90
37 89 Jan. 8 91% Feb. 1 1
91% 91%
92
L o n g Island............................... *90
91% 91% *90
56% 58
56% 57%
55% 56% 62,790 55% Mar. 2 64% Jan. 9
56% 57% t56% 58%
L ouisville & Nashville............
58% 59%
*35
40
40
*35
40
*35
40
*35
40
*35
40
39 Jan. 1C 39 Jan. 10Louis. N ew A lb* <fc C hicago. .. *35
91% 92
2,192 85% Jan. 24 96 Jan. 10
92% 92%
90% 91% 90% 90%
90% 90%
90
90
M anhattan Elevated, con sol..
57
20( 52 Jan. 8 57 Feb. 23:
56% 56% *55
*55
57
50 80% Feb. 20
81
81
70
70
300 65 Feb. 11
70
70
70
70
72 *
72
*65
75
*98 100
200 97 Feb. 15 104% Jan. 5
100
98
98 *.........100
98
98
*97
Do
pref. *98 100
*6%
7
150
7
*6%
7
6
7
*6
*6%
6%
6% * 6
5% Jan. £
M inneapolis <fc St. L ouis...........
9% Jan. 1 1
15 *......... 14-10
14%
14% *
*12% 14%
14 Feb. 15 17% Jan. 9 s
14% 15 %i 14
14%
5,494 13% Mar. 2 18% Jan. 5
15% 16
14% 14%
13% 137«
14
14%
M issouri Kansas <&T ex as.......
84% 85
84% 85%
84% 8434 84
8 4 78 84% 85
83% 84% ' 22,870 82% Jan. 20 89% Jan. 3
M issouri P acific........................
11% 11% - *10% 12% I *11% 12%
282
M obile <& Ohio............................
11% 11%
10% 11% *11% 11%
9% Jan. 6 13% Jan. 27
78
78
900 76 Jan. 5 80 Jan. 91 *77% 7.8% *77% 78% *77
77% 77%
Ifashv. Chattanooga <feSt.Louis 78% 78%
78
N ew Y ork Central & Hudson. 107% 107% 107 107
107 107% 106% 107% 107 107% 10 678 10678 3,155 106% Feb. 29 108 Jan. 9
16
16
15% 1578 15
320 15 Feb. 29 17% Jan. 27
N ew Y ork Chic. <fe St. L o u is... *15% 16%
15%
15% 15%
15% *15
67
67
260 6678 Jan. 4 73 Jan. 2 7
68
68
*66
68
67% 67% *67
69
Do
1st pref.
*66% 69
32%
33% *31%
*30
32
600 30 Mar. 1 37 Jan. 30*
30
30
*29
31
Do
2d p re f.. *32
*29
31
25% 26%
25% 26
N ew Y ork Lake E rie & West’n 263g 26%
25% 25%
25% 25% 59,410 25 Feb. 29 29% Jan. 9<
25
26
59% 60
61
1,950 57 Feb. 29 65% Jan. HP
57% 58%
57% 57%
Do
p ref. *60
57
58%
36% 37%
36 78 37%
7,990 36 Jan. 24 39% Jan. 10
N e w Y ork & N ew England___
37% 37%
36% 37% 36% 37%
37% 37%
16% 16% *15
*1578 16%
15% *16% 16% *15 7g
50 16% Feb. 27 18% Jan. 9
16%
N ew Y ork Ontario & YVest___ *
*878 9%
878 87«
100
9%
*878 9
N ew Y ork Susq. & W estern...
*9
*8%
9
9% Jan. 7
8% Feb. 4
110 29% Jan. 5 33% Jan. 3033
*31
32
32
30% 30%
*31% 32% *31
Do
pref. *32
212 15% Jan. 20 18% Feb. 2:
17
N orfolk & W estern................... *16
16%
17
*16
17% 16% 16% *16
16% 16%
17
43 7g 44%
44
44% 43% 44%
6,830 42% Jan. 4 47 Jan. 3045
45
44
44%
43% 437«
Do
pref.
550 20% Feb. ft 23 Jan. 10
Northern Pacifie.................
*21% 22
21% 21% *21% 22
*21
21
21
21%
44% ,447g 45
2,918 43% Feb. 9 4 7 7a Jan. 10
45
44% 44%
Do
pref. *45% 45% 44% 4 4 7a 44% 45
550 22 % Feb. 28 25 Jan. 3L
23% 23%
23% 23%
22% 23
22% 22%
Ohio <x Mississippi...................
20% 20%
1,935 20% Feb. 13 22% Jan. 18
2078 21
20% 20% 21
20% 21
Oregon & Trans-Continental.. 21% 21%
21
18'%
1,580
18%
19
19
*18%
19
19
17
P eoria Decatur <&E vansville.
*18% 19
*18%
18
17 Mar. 2 23 Jan. 11
Philadelphia <& Beading.........
65% 66
64% 65% 63% 64% 256,710 63% Jan. 20 67% Feb. 18
66% 66%
65% 66
64% 65%
22 78 24% 23% 24%
22 % 23%
R ichm ond <&We stP ’ t Termin al 23% 23%
23% 24%
23% 23% 57,490 21% Jan. 25 2 4 7g Feb. 23
9,730 55 Jan. 6 69% Feb. 23.
65% 66%
64% 67
64% 65%
65% 66%
65% 67
66
66%
.
Do
p ref.
366 82% Feb. 13 88 Jan. 31
85
85% 85%
85% 85% 85% 85%
R om e W atertown A Ogdensb’g
85%
85
85
85
85
E t. Louis & San Francisco....... *33% 34%
33
33
*32% 34
*32% 33% *33
34
425 33 Feb. 27 36% Jan. 5
33% 33%
72%
70% 71%
713g 71% 71
1,578 70% Feb. 13 73% Jan. 3071
70% 71%
71% 71%
Do
pref. *72
91 111% Feb. 11 116 Jan. 16Do
1st pref. *111% 112% 111% 112% 112% 112% *111 112% *111% 112% *111% 113
*
fit. Paul <fe D uluth..................... *55% 57
100 55 Feb. 27 62% Jan. 3
55
55
54
102 102
ib o % id<j% 100% io o %
265 100% .Tan. 3
100
fit. PaulM inneap. <fcM anitoba.
110 110% 109% 109%
81 109 Jan. 18
Texas <&Pacifier................
2 4 78 25%
25% 25%
5,020 24% Jan. 20 27% Jan. 3025% 25%
25
25% 2 4 78 25%
25% 25%
U nion P acific..........
553g 56
55% 5 5 78 55% 56%
56
56%
55
55%
55% 55% 46,870 54% Feb. 8 58% Jan. 3
1334 1334 13% 13% *13% 14% *13
Wabash St. L. & P a cific............ *14
14
1,000 13% Feb. 14 16 Jan. 3
15
14%
13%
24% 2534 2478 247a 24% 24%
2,330 23% Mar. 2 28% Jan. 6Do
p ref. *26
27%
25
25
23% 24
W heeling <fc Lake E rie.............
1,200 44% Jan. 3 55 Feb. 13:
53% 53%
53
53% 53%
53%
53% 53% 53% 53%
53% 53%
m is c e lla n e o u s S to c k s.
C olorado Coal <&Iron................
37% 38%
36% 37%
2,865 34% Jan. 20 387« Feb. 1 7
37% 37%
37% 37%
37% 37% *37
38
Consolidated Gas Co................
75% 76
75% 75%
76
76
623 74% Feb. 15 78 Jan. 18
D elaw are <fc Hudson C anal... 110% 110% x l0 8 108% 108% 108% 108 108% 108 108% 107% 108
2,451 103 Jan. 3 112 Jan. 30Oregon Im provem ent C o....... .
51% 51%
970 45% Jan. 5 55 Jan. 1 8
50
50
50
50
50% 51%
49
49
50 I 49
Oregon B a ilw a y & N av. C o ...
94
93% 93%
914 89% Jan. 5 94% Feb. 394
93
93
92% 93 1 91% 927«
3434 347« *34% 35%' 34% 35
P acific M ail.................
36
34% 35%
36
34% 34%
1,635 34% Jan. 24 3 7 7g Jan. 16Philadelphia Co., Nat. Gas___ *105% 107
840 99 Jan. 18 106% Feb. 15106
104 105 |
L06 *104 107
103 104
Pullm an P a la ce C ar Co___
*141
141% 142
l4 2
141 141 *140% 142 1*140% 142
449 140 Jan. 5 144% Jan. 3 0
140 140%
Western Union T elegraph ...
78% 79
7g 78% 78%
78% 7834 78 3g 7 8 1
78% 7 8 78 78% 78% 27,035 76% Jan. 23 79% Feb. 2 4
E x p re s s S to ck s,
A aam s.......................
*140 145
142 142 *140 145 *140 145 *140 145 1 143 143
20 142 Feb. 27 145 Jan. 23A m erican................
107% 108
107% 107% *107 108 *107 109 *107 109 *107 109%
57 106% Jan. 3 108% Jan. 25United States...........
73
73
73
73
73
73%l 72% 73
72% 72%
405 67 Jan. 41 74 Jan. 2 0 ”
72% 73
W ells, Fargo <fc Co................
*129 131
130% 131% *129 131
L31% 131% *129 131
131 131
43 128 Jan. 19 132 Feb. 2 4
I n a c tiv e S to ck s.
A m erican Tel. <fc Cable Co.......
73% 73%
73% 73% *72
*72
76
292 70 Jan. 12 75 Feb. IO76
73% 73%
A tch ison Top. & Santa F e .......
97% 97%
EOO 937g.Tan. 13 99% Feb. 20-*97% 98
B o sto n & N. Y. Air Line. Dref. 99% 99 %
*9ft
100
98
99%
99% Feb. 2 5
*98 100
31
C hicago & A lto n ...................
*136 140 ‘ 136 140 ‘ 136 140
*138 140
138 140
140 140
6 135 Jan. 9 140% Feb. 10Chicago <&East. Illinois.......... *40% 41% *40% 41%
41% 41%
41% 41%
41
41
300 41 Feb. 23
„ . Do
pref.
90
90
*89% 90%
*89% 90
89% 89 %
*89% 90
300 89% Mar. 2 94% Jan. 26C hicago <fe lnd. Coal Bail w ay.
4.07g
2% 41 3« Feb. 2 4 .
*40
41%
. . Do
p ref. * 8 9 % ......... *89% .
91 % .Tan. 27
C incin. Ind. S t Louis <&C h ic..
78%
x73% 76% *7 8% 78
Jan 2ft ftO Feb. 2?
Uineinnati Wash. & Baltimore.
*3%
4
*3%
*3%
3%
3%
3%
3%
*3
5
4% Jan. 9
3% Feb! 28
100
6
5%
5% , 578 578 *5% 6%
5%
5
5
6% Feb. 2 4
5%
5 Mar. 2
375
TT
PrefM arquette Hough. <fcOn., nref.
86
86
*86
88
*85
87
*86
87
*
100
M orris & E ssex............
139% 139%
139% 139% 139% 139%
3 139% .Tam. 2 7
181 35 Jari
P itts. Ft. W ayne <feChio.........
153% 155
i kaio i asti*
*153 fi»
153% 153% 153% 153% 153
140 151 Jan
5 5.1 % Feb- 2£>
»¿uicksilver M ining C o ..
*11
11%
11
11% 11% *10% 12% *10% 11
10
*10
» Bo
p ref. *35% 36%
35% 35%
35
35% 35% 35%
3 5 % 35%
35% 35%
700 33% Jan. 4 38% Jan. 1 0
Louis Alt. <fe Terre H a u te.. *35
38
*35
39
*35
39
*35
39
*35
39
Bouth Carolina............
8%
8%
9
*8
9
*8
50
9% Jam 2 7
7% Jan. 31
W hitebreast Fuel C o..............
9 7 % 97%
96% 9 6 %
96% 96%
500
97
97%
9714 Eel) 25
C olum bus «fe H ocking Coal___
26% 26%
26% 26%
26% 27 " 25 ” 26%
25
25
1,100 25 Feb! 29 30 Jan. 9
Tennessee Coal <fe Iron ............
31
31%
30% 3 0 7g 303g 30%
30% 30% *30% 31
30% 30%
1,504 27% Jan. 4 32% Jan. 3 0
V a r i o u s S t o c k s . & c . (Uni i sted.
A m e r . Cotton Oil Trust.'........ | 30% 30%
30% 30%
30% 30%
30% \30%
30% 30% 30
30%
3,274 29% Jan. 4 34% Jan. 1 7
89% 91%' 91% 94
92% 93t8 93% 94%
92
?3%
92% 94
T4Ç4s.ooo 85% Jan. 17 97% Jan. 10)
10%
*10
57
57
53%
53
81% 81%
30
30
3
2%
5 ~ 5
*4
5
1261a 1261a
77
77%
116 116
1075g 1083s
*143% 144ia
112% 113
*12ia 14
37
*36
*38 lg 38%
10
10
57
57
53
52 %
80%
81%
29%
29
3
*2%
4%
5
4
4
124%
126
77
76%
115% *115
107% ! 107%
144% ;*143%
112% 112%
14
*12%
37
*35
38
*37%
106%
53
50
Wednesday,
Feb. 29,
a sá as&ed; n o sale was m ade at fe e Board.
52% 53
81
81%
28% 28%
*2%
3%
5
5%
4 7g 4 7g
124% 125%
7678 77 *2
115% 115%
10 778 108%
142 142
11278 11278
52%
80%
28
*2%
5%
3%
125%
76%
115%
107%
52%
81
28
3%
5%
3%
125%
77
115%
108%
t L ow er price is .ex-divideud.
| Sales at-bofe Exchanges.
280
THE CHRONICLE.
[ V o l . X L VI»
BONDS— LA T E ST P R IC E S OF A C T IV E BONDS A T N. V. STOCK E X C H A N G E , AN D R A N G E
Closing,
Railroad Bonds.
Feb. 24 Mar. 2
Range since Jan. 1.
Lowest.
Highest.
25 . Mar. 27% Jan.
83 Feb.
80 Jan.
105% Feb. 107 Jan.
91 Mar. 94% Jan.
1046s Feb. 108% Jan.
111% Jan. 117% Feb.
115 Jan. 121 Feb.
102 Feb. J 02 Feb.
98 J a n .’ 101% Feb.
113% Jan. 114% Feb.
104%b. 101% Jan. 105 Feb.
114 b. 113% Jan. 1143s Feb.
115%b. 114!% Jan. 115% Feb.
102 %b. 102 Jan. 103% Jan.
103%b. 102% Jan. 104% Feb.
106 %b. 105% Feb. 114% Feb.
67 b. 65% Feb.
706s Feb.
67
70% Feb.
64% Feb,
19%
28 Feb.
18 Feb.
101
90% Jan. 101% Feb.
102 %b. 104 Feb. 108% Jan.
1013s Feb. 103 Jan.
131%b. 131% 129% Jan. 132 Jan.
106 b. 105%b. 104% Jan. 107% Feb.
91 b. 91% Feb
91%
95 Jan.
117 b. 116% 113 Jan. 117% Feb.
90 a. 98
97 Jan. 100% Feb.
118 b. 117%b. 114% Jan. 118% Feb.
125%b. 125 b. 123% Jan. 126 Jan.
112%b. 112 b. 111% Jan. 114 Feb.
104%b. 104%b. 101% Jan. 105 Feb.
101 b. 101 %a. 100 Jan. 10178 Feb.
101 b. 101 b 100 Jan. 101% Feb.
142% 141%b. 139% Jan. 143 Jan.
130 b. 130
128% Jan. 132 Feb.
120%a. 120%a. 121 Feb. 121 Feb.
110% I l l
Feb.
108 Jan. I l l
108 b. 109
108 Feb. 109% Feb.
I04%b.
104% Feb. 105% Jan.
92 %a. 91%b. 92% Feb.
95 Jan.
133%b. 131% 131% Jan. 133% Feb.
104% 104% 104% Mar. 107 % Feb.
121 b. 121
119% Jan. 121 Feb.
100 a. 100 a. 99% Jan. 100% Jan.
128%b. 127 b. 123 Jan. 129 Feb.
10813b 107% Jan. 109 Feb.
109
10138b. 101 is 100 Jan. 104 Jan.
73
701s
70% Jan.
73% Jan.
7 0 78a. 72 a 70 Jan.
75 Jan,
121 b 119% Jan. 121 Jan.
120
78
77%
76% Jan.
79% Jan.
72 b. 71 b 71 Jan.
73 Feb.
63 b 65 Feb.
66%
68% Jan.
80 a. 77 b 77 Feb.
80% Feb.
39 %a. 41 a 34% Jan.
43 Jan.
99%
99%
95% Jan.
99% Jan.
102 b. 99%
97 Jan. 104 Jan.
137%b. 132% 132% Mar. 137% Feb.
11314b. 112%b. I l l
Jan. 114 Feb.
117 b. 117% 116% Jan. 117% Mar.
955s
98
94% Feb.
99% Jan.
81
81%
79 Jan.
82 Jan.
10214b.
101% Feb. 106 Jan.
98 b.
104 Jan. 105% Jan.
92 a.
91 Jan.
92% Jan.
26%
81%
105%b.
sf3%
105 %b116 b121 b.
100 b.
101%
114%
104 b.
114%
115%b.
103
103 %b.
107 b.
66%b.
66%
19
100%
103 b.
25
81%
105 b.
91%
105*9
117 b.
121 b.
102 b.
101%
SINCE JA N . 1, 1888
Closing.
Railroad Bonds.
Feb. 24 Mar. 2
Range since Jan. 1.
Lowest.
. 119%
120%b. 119 Feb.
114%b
'Guar., 4s, 1937.
11678 Jan.
109 b 110 b. 105% Jan.
2d 5 b 1913...................
107% 107%b. 104% Jan.
E xtension, 1st, 6s, 1913.
Central o f N. j . —is t , 7s, 18 90.
Minn. A 8t. L.—1st, 7s, 1 9 2 7 ... . 100 b 105 b. 102 Feb.
Im p. A Equip.—6s, 1 9 2 2 ....... . 55 b 52 b. 53 Jan.
Consol. 7s, 1 8 9 9 ..................... Mo. K .A T ex .—C on ., 6s, 1920.. . 68%b 68
Convert. 7s, 1 9 0 2 ..................
68 Jan.
59 b 58 %b. 59 Jan.
Consol., 5s, 1920___ . . .
Convert, deb. 6s, 1 9 0 8 ... ....
. Consol., 7s, 1904-5-6.________ . 101% 101%
General m ort., 5s, 1987........
99 Feb.
Mobile A Ohio—New, 6s, 1 9 2 7 . . 115 a 112 b. 108% Jan.
A m . D ock & Im p., 5s, 1 9 2 1 ..
1st, E xtension, 6s, 1927.
105% Jan.
49 %b 51
Central Pacific—gold 6s, 1898.
ls t p r e f. debentures, 7s .
45 Jan.
93
92 %b. 84% Jan.
Ban Joaquin Br. 68.1900........
3 129 b I29% b. 128% Jan.
Nash. Ch. A 8t. L .—1st, 7s, ]
Land grant 6 b. 1890...............
3 106
105 %b. 104% Jan.
N.Y. Central—E xtend., 5s, 1
M ort. 6s, 1936.....................---■
3 134
134 a. 132% Jan.
Ches. & O.—Pur. m. fu nd 6s, 9£
N.Y.C. A H .—1st, op., 7s, 1
107%b. 109 Jan.
6s, gold, ser. B .1 9 0 8 , coup, of
Debenture, 5s, 1 9 0 4 ....
Í 3 Í% b 130%b. 128% Jan.
E xten. coup., 4s, 1 9 8 6 . . . . —
N .Y .A H ar.—1st, 7s, 1900
89%
89
6s, currency, 1 9 1 8 ..................
N.Y.Chio. ASt.L.—1st, 4s, 1937.
86% Jan.
M ort. 6s, 1911...........................
N.Y. E levated—1st, 7s, 1 9 0 6 ...,. 115%b 116
114% Jan.
Ches. O. «StSo. W.—5-6s, 1 9 1 1 ...
N. Y . Lack. A W.—1st, 6s, 1921, 129
127 Jan.
110 b 110% 10778 Jan.
Ohlc.Bur. A N or.—1st, 5s, 1926
Construction, 5s, 19 23__
106 b.
Chic. Burl. A Q.—Con. 7s, 1903
N. Y . A N or.—1st, 5s, 1927.
102% Jan.
112%
108 %b. 109 Jan.
Debenture 5s, 1 9 1 3 ................
92
91 b. 91 Jan.
D en ver D ivis., 4s, 1 9 2 2 . . . . . .
112 %b. 113
111% Jan.
78
78 a. 75% Jan.
115 b. 116%b.
116%
116%
Consol. 7s, 1 9 05..............
N orth. Paoiflc—1st, coup.
104% 105 %a. 102 Jan.
1st, So. Min. D iv.—6s, 19 10....
. Gen’l, 2d, coup., 1933.
102
1st, Chi. & P ac.W .D iv—5s, ’ 21
102%
99% Jan.
Wis, A Min. D iv.—5s, 1921 —
115 b. 116 b.
Term inal5s, 1 9 1 4 ..... . .
116 b. 118 b.
2d, consol., 7s, 1911.
103 %b. 102 b. 99% Jan.
Ohio Southern—1st, 6s
G old, 7s, 1902..................
32 b. 31 b. 31% Jan.
2 d ,ino., 6s, 1 9 21___
Sinking fund 6s, 1 9 2 9 ....
74 b.
Omaha A St. L .—1st, 4
73 Feb.
Sinking fu nd 5s, 1 9 2 9 ...
99
98%
Oregon Im pr. Co.—1st,
94% Jan.
Sinking fund debent. 5s, 1933
109
109%
Ore. R. A N av.C o.—1st
.08% Feb.
25-year debent. 5s, 1909....... .
99%b. 99 b. 96% Jan.
Consol., 5s, 1925___
E xtension 4s, 1926...................
96%
96 l>. 93 Jan.
Chi. R . I. & Pao.—6s, coup. 1917
I07 % a
Peo. Dec. A Evans.—1st, 6s, ’ 20,
E xten. A col. 5s, 19 34..............
E van sv.D iv— 1st, 6s, 1 9 2 0 ... 104%b.
Oh. 8t.P.,M . A O.—Consol. 6s. ’ 3(
74 b. 74 a. 72 Jau.
2d m ort., 5s, 1927.......
55 b. 55%b. 55 Jan.
115
Gen. 6s, 1 9 3 4 ...........................
Debenture, 6s, 1927................. 105 b. 103 b.
Col. Coal A Iron—1st, 6s, 1900,
116
b.
118 a.
Roch. A Pitts.—1st, 6s, 1 9 2 1 ...
C o l.H. V al. A T o l —Con. 5s, ’31
Consol., 6s, 1922....................... 115 b.
Gen. gold, 6s, 1904.........
Rome W. A Ogd.—1st, 7s, 1891. 108 b. 108 b.
D e n v e r * R io Gr.—1st,7s, 1900
Consol., extend., 5s, 1922....... 102% 103%
1st con. 4s, 1 9 3 6 .....................
S t Jo. A G d .Isl.—1st, 6s, 1925 . 102 a. 101 %a. 98 Jan.
Den. A R . Gr. W . - l s t , 6s, 1911
40 b. 41 Jan.
2d, incom e, 5s, 19 25................
A ssented....... ............................
St. L. Alt. A T.H.—1st, 7s, 1894. 112%b.
12% Feb.
Den. So. Pk. & P ac.—1st, 7s, ’05
2d, M., pref., 7s, 1 8 94.............. 109 b. ............ 1
D et.M ac.& M .—Ld. gr.3% s,1911
2d., M .,ln c., 7s, 1894............... 104% 104%b.
£ . Ten.V. * G. R y .—Con.,5s, ’ 56
Dividend bds, 6s, 1 8 9 4 .......... 40 a. 40 a. 38 Jau.
Eliz. L ex. & B. Sandy—6s, 1902.
101 %b. 98 Jan.
St. L. Ark. A T ex.—1st, 6s, 1936 103%
Erie—1st. consol, gold, 7s, 1920
45 a* 40
2d, 6s, 1936.....................
40 Mar.
L ong D ock, 7s, 1 8 9 3 ................
St. L. A Ir. ML—1st, 7s, 1 8 9 2 ... 107%b. 108 b.
Con. 6 s ,1 9 3 o ..........................
109 b.
2d m ort., 7s, 1897......... ............
N.Y.L.E.AW —2d con. 6s, 1969
Cairo A F ulton—1st, 7s, 1891 104 b. 104% j
F t. W. & D env. C . - l s t , 6s, 1921
Gen. R y. A land gr., 5s, 1931. 88 %b. 87 b. 88 Feb.
Gal.H ar.A San. A nt.—1st, 6 s,’ 10
St. L. A San F r .- 6s., Cl. A ,1906 116%b. 116 b.
2d M., 7s, 1 9 0 5 .........................
6s, Class B , 1 9 0 6 . . . . . . ......... . 116%b. 116 b.
West. D ivision—1st, 5s, 1931.
117
116 b.
6s, Class C, 1 9 0 6 ................
2d, 6s, 1931.............................
Gen’lm o r t , 6s, 1 9 3 1 ... ......... 115%b. 115 %b. j
Or’nB.W .& St.P.—2dinc.8s,1911 30 b. 30 a, 30 Jan.
32% Jan.
Gen’l m ort., 5s, 1931................ 102 %b. 102% ]
G u lf Col. A San.Fe—1st,7s, 1909 121 b. 121 % 119 Jan. 122 Jan.
So. Pac., Mo.—1st, 6s, 1 8 8 8 ... 101%b. 101% 1
97%
Gold, 6s, 1923............................ 97%
96% Jan
97 % B'eb.
St. Paul M. A M.—1st, 7s, 1909. 112%b. 113 b.
H enderson Br.Co.—1st. 6s, 1931 110%b, 107 b. 108% Jan. 110 Jan.
2d, 6s, 1909................................. 118%b.
H . & T ex. C.—1st M. L. 7 s ......... 113 b, 112 %b. 113 Feb. 115% Jan.
112 b. i
1st cons., 6s, 1 9 3 3 ......... .......... 115
1st, W est. D., 7s, 1891............... 114 a, 114 a. 112 Feb. 1146s Jan.
Do
reduced to 4 % s.. 98 %a. 95 %b. 96% Feb.
1st, W aco & N. 7s, 19 03..............
112% Jan. 114 Feb.
Shenandoah V a l.- 1st, 7s, 1909 92 a. 90 a. 90 Jan.
2d, consol. M. L. 8s, 1 9 1 2 .......
108 a. 102 Feb. 108% Jan,
Gen’l m ort., 6s, 1921................ 33 b. 31 b. 34 Feb.
Gen. m ort. 6s, 1921, tr. r e e ... 69 a.
65 Jan.
69 Feb.
So. Carolina—1st, 6s, 16 20......... 102% 101%b. 97 JaD.
Ind.BL & W.—lst,p re f., 7s, 1900
I l l b. 112% Jan. 112% Jan.
2d, 6s, 1931................................. 79 b. 79%b. 69 Jan.
1st, 5-6s, 1909, tr; r e e ............ ro b, 88 a. 85 Jan.
89% Jan.
Inc., 6s. 1931............................. 15 b. 14 b. 15 Jan.
2d, 5-6s, 1909, tr. reo..............
65 Feb.
71% Jan.
So. Pac., Cal.—1st, 6s, 1905-12.. 113%b. 114%b. 1
East. D iv.—6s, 1921, tr. re o .. 70 b. 88 a, 87 Jan.
88 Feb.
So. Pac., Ari.—1st, 6s, 1909-10..
Incom e, 6s, 1921, tr. re o ....... 17
18 a. 16 Feb.
18 Feb.
So. Pac., N . M.—1st, 6s, 1911. .. 108 b. 107 %b. i
104 b. 69 Feb. 111% Jan.
Int. A G t.N or.—1st, 6s, g o ld ,’ 19 105
47%b. 47% Jan.
Tex. A Pac.—Inc. A ld gr, 7s, ’15 48%
Coupon, 6s, 1 9 09....................... 7113b. 70
70 Feb.
77 Jan.
R io Grande D iv.—6s, 1 9 30___ 68 b. 67 b. 65% Jan.
71
K ent. Centr.—Gold 4s, 1987___ 71
69 Jan.
75 Jan.
63 a. 60 Jan.
Gen. m ort. A term ., 6s, 1 9 0 5 .. 60
K n oxv. A O .—1st, 6s, gold, 1925 92 b. 92%
89% Jan.
94% Jan.
Tol. A .A . A N. M.—1st, 6s, 1924. 98%b. 98 b. 85 Jan.
L . E rie & W .—1st g., 5s, 1 9 3 7 ..
105 b. 101% Jan. 105 Feb.
101 b. 1
T0I.A.A. A Gr.Tr.—1st, 6s, 1921 105
LakeS h.—C on.cou p.,lst,7s,1900 125 b, 125 b. 125 Feb. 127 Jan.
Tol. Peor. A West—1st, 7s, ’ 17 . 86 b. 87 b.
Con. coup., 2d, 7s, 1 9 03........... 12414b, 124
122% Jan. 125 Jan.
Tol. A Ohio Cent.—1st, 5s, 1935 95 b. 95 b. 93 Jan.
L ong Island—1st, 7s, 1 8 98.........
120 b. 120% Jan. 121 Jan.
Tol.St.L.A Kan. C.—1st,6s, 1916 92%b. 92%a. 91% Jan.
1st, consol., 5s, 1931................
l l l % b , 111 Jan. 111% Feb.
Union Paoiflc—1st, 6s, 1899___ 114%b. Il5 % a . 1
Lou. & Nash.—Consol., 7s, 1898 12112b. 121 b. 120 Jan. 123 Feb.
Land grant, 7s, 1887-9............ 103%b. 103 %b. .
N. O. & Mobile—1st, 6s, 1930. I lli4 b . 112
108% Jan. 112 Mar.
Sinking fund, 8s, 18 93............ 118%b. 114%b. 1
2d, 6s, 1930............................. 96%
96%b. 96% Jan.
99% Feb.
Kan. Pacific—1st, 6s, 1895___ 109% 109 b. 1
E . H . & N.—1st. 6s, 1 9 19......... 11414b. 114 b. 114 Feb. 114 Feb.
1st, 6s, 1896............................ 110 b. 110 b. 1
General, 6s, 1930................... 112 % 11278b. 109% Jan. 113 Jan.
Denver D iv.—6s, 1 8 99......... 115 b. 115%b. 1 14% Feb.
Trust Bonds, 6s, 1922...........
109 b. 107% a. 108 Jan. 110 Jan.
1st consoh 6s, 1 9 1 9 ............ 105% 105 %b. i
10-40, 6s, 1924.......................... 10213b. 104 a. 104 Feb. 104 Feb.
1
Oregon Sh. Line -1 s t, 6s, ’ 22.. 101% 102
L ou. N. A . & Ch.—1st, 6s, 1910. 10913b. 110 a. 109 Jan. 112% Jan.
81 b. 78 Jan.
Virginia Mid.—Gen. m., 5s, 1936 82
Consol., gold, 6s, 19 16............. 9113b. 91 %b. 90% Jan.
93 Jan.
Wab. St.L. A P a o.- Gen., 6s, ’ 20 45 b.
45 Jan.
Mem. A Ch’lston—6s, gold, 1924 101 b. 102
100 Jan. 10278 Jan.
Chicago Divison—5s, 1910___ 98%
98 a. 93 Jan.
M etro. Elevated.—1st, 6s, 1908. 113% 113 b. 111% Feb 116% Jan.
Wabash—M ortgage, 7 s, 1 9 0 9 .. 88 b. 85 b. 84 Feb.
2d, 6s, 1 8 9 9 ............................... 107
107
103 Jan. 107 Feb.
Tol. A Wab.—1st, ext., 7s, ’ 90 109 b. 109
1
Mich. Central—1st, con., 7s, ’02 130 a. 130 a. 127 Jan. 130 Feb.
1st, St. L. D iv., 7s, 1889....... 108 b. ............ 1
Consol. 5s, 1902........................ 110 a.
109% Feb 110% Jan.
2d, extended, 7s, 18 93.......... 90
92 a. 88 Jan.
M iss’riP a c.—1st, cons., 6s,1920 112
I l l b. 112 Jan. 113% Jan.
Con., con v., 7s, 19 07............ 85 b. 85 b. 83 Jan.
8 d ,7 s , 1 9 06.............................
11813a. 119 a. 115 Jan. 118 Feb.
Great West.—1st, 7s, 1888___ 108 b. 108 b 1
P ac. o f M o.—1st, 6s, 1888___ 101 b. 101 %b. 100% Feb. 103% Jan.
2d, 7s, 1893.........................
88 b. 91 a. 88 Jan.
2d m ort., 7s, 1891................ 105 b. 104 b. 104 Jan. 105% Feb.
West Shore—Guar., 4 s ................ 101% 101%
99% Jan.
VOXB The letter “ b” indicates prioe bid, and “ a” price a sked; all other prices and the range are from actual sales.
STATE
SECURITIES.
Alabam a—Class A 3 to 5 . . . . 1906
Class B, 5s............................ 1906
Class C, 4s............................ 1906
6s, 10-20................................ 1900
Arkansas—68, fu n d ed.. 1899-1900
7s, L ittle R ock A Fort Smith, iss.
7s, Memphis A Little R ock iss..
7s, Arkansas Central R R ..
Georgia—7s, g old ........... ........ 1890
Louisiana—7s, con s................ 1914
Stamped, 4 s..........................
M ichigan—7s___
1890
Bid.
Ask.
Mil. L k .8 h .A W .-
Highest.
120% Jan.
117% Jan.
Ill
M ar.
108% Feb.
110 Jan.
59 Feb.
73% Jan.
63% Jan.
106% Jan.
116 Jan.
105% Jan.
51 Feb.
93% Feb.
130 Jan.
106% Mar.
135 Feb.
111 Feb.
133 Jan.
90% Jan.
117% Jan.
129% Feb.
110% Feb.
106 Jan,
113 Jan.
93 Jan.
113% Jan.
80 Jan.
117% Jan.
116% Mar.
105% Jan.
102% Jan.
115% Feb.
118 Feb.
104% Feb.
34 Jan.
76 Jan.
100 Jan.
110 Jan.
100 Jan.
96% Feb.
109 Jan.
106 Jan.
75 Jan.
59% Jan.
115 Mar.
100 Jan.
118 Feb.
115% Jan.
109 Feb.
103% Mar.
101% Feb.
41 Jan.
113 Jan.
110% Jan.
104% Feb.
38 Jan.
104% Feb.
48% Jan.
111% Jan.
112 Jan.
105% Jan.
92% Jan.
118 Jan.
118% Jan.
118 Jan.
115% Feb.
103 Feb.
101% Feb.
113% Feb.
118% Jan.
116% Feb.
97 Jan.
92% Feb.
36% Jan.
102% Feb.
85 Feb.
18% Jan.
113% Feb.
108
51%
70%
62%
99%
105
Feb.
Jan.
Jan.
Mar.
Feb.
Feb.
97% Jan.
94 Feb.
115% Feb.
119
112%
Ill
115
105%
103%
82
47
98%
90
109
109
91
88%
109
90
101%
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Feb.
Jan.
Feb.*
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Jan.
Mar.
Bid.
A sk .
BONDS.
SECURITIES.
106% 107% Missouri—6s....... due 1889 or 1890
108
Asylum or U niversity, due 1892
100
Funding........................1894-1895
103%
New York—6s, loan................. 1892
15
6s, loan ...................... ............. 1893
18
North Carolina—6s. old ......... .TA.T
20
Funding a c t ...........................i9 0 0
14
N ew bonds, J. A J ___ 1892-1898
106 107
Chatham R R ..............
105
Special tax, Class 1 .......
91% 92%
Consolidated 4s.....................i o ’i o
105
6s.............................................1 9 1 9
Bid.
102
105
107
111%
112
36
10
20
SECURITIES.
39
9
12
10
94% 96
Í.23
120
Rhode Island—6s, c o u .. 1893- 1894 110
South Carolina—6s, non-fund. 1 8 8 Ì
3%
B row n consolidated 6 s....... 1893 106
Tennessee—6s, old .........1892- 1 8 9 Ì 59
Compromise, 3-4-5-66.......... 19121 69
New settlem ent—6s.............. 1913 101
5s............ .............................. 1913 92
69
3 s . . . . . . . ........................... . 1913
Virginia—no, o ld ---..........
48
6s, consolidated bon ds.......
70
6s, consolidated, 2d series.
60
6s, deferred, trust re c.........
8%
4%
107%
62
72
95
69%
10
TH E CH R O N IC LE.
March 3, 1888. J
GENERAL
Q U O T A T IO N S
OF
STO C K S
2 8 L
AND
RONDS.
Quotations In N ew Y ork represent the per oent value, w hatever the par m ay b e ; other quotations are frequently m ade per share
The follow in g abbreviations are often used, viz.: “ M.,” fo r m ortgage; “ g .,” fo r g old ; “ g ’ d,” fo r guaranteed; “ end.,” fo r endorsed;
endors
“ oons.,/5
lo r consolidated; “ con v.,” fo r convertible ; “ s. f.,” fo r sinking fu n d ; “ 1. g .,” fo r land grant.
Quotations in New Y ork are to T h u rsd ay ; from other cities, to late m ail dates.
S u b scrib e rs w i l l c o n fe r a fa v o r b y g i v in g n o tice o f a n y e r r o r d is c o v e r e d i n t b e s e Q u o t a t io n s .
U n it e d St a t e s B o n d s .
Bid. A sk.
Ci t y S e c u r i t i e s .
Bid. Ask.
Ci t y Se c u r i t i e s .
Bid.
A sk.
Baltim ore—(Continued)—
Minneapolis—4s, 1906-1916.Various 194
U N IT E D S T A T E S BON DS
97
6s, bounty, exem pt, 1 8 9 3 ...M & 8 111
5s, 1893................................ Variousl 100 105%
4%a, 1891..........................r b g ..Q —M 106 106 %
5s, w ater, 18 94.......................... J&J 108 109
8s, 1 9 0 5 .:.............
Variousl 130 133
4% s, 1891.......................c o u p .. <5—M r 106 106%
121
6s, 19 00........................................J&J
4%s, 1 9 1 3 -1 5 ..................... Varipust 101
4s, 1 9 0 7 ............................ r e g .. . Q—J x 2 * % 124%
6s, W est. M d. R R ., 1902 . . . . J&J 121
M obile, A la.—4-5s, funded . . . . J & J 79
4s, 1907..........................co u p .. .Q—J 12534 125%
81
128
130
120
5s,
1
9
1
6
.............
....M
&
N
M ontgom ery, A la.—New 3s ..J & J 70
6s, Currency, 1895....... r e g .... J&J
75
111
4s, 19 20.......................
J&J
5s, n e w ....... ........................................ 90 100
68, Currency, 1 8 96....... r e g ....J & J 122
Bangor, Me.—6s. R R .,1890-’94.Var. 103* 106
6s, Currency, 1 8 9 7 .. . . . . r e g — J&J 124
N ashville, Tenn.—6s, short................ 100
6s, w ater, 1905....................... J&J1 121 121%
6s, l o n g . . . . . . . . . . . . . ....................... . . 105
6s, Currency, 18 98....... re g — J&J 126
6s, E.& N.A. R ailroad, 1894..J&J1 107 10S
Newark—4s, lo n g ....................... . . . . . > 102 103
6s, Currency, 18 99____ re g ----- J&J 128
6s, B. & Piscataquis R R .,’99. A&OI 109 111
S T A T E S E C U R IT IE S .
4%s, long
...................... 104 106
A labam a—Class “ A ,” 3 to 5 ,1 9 0 6 ... 10614 107% Bath, Me.—6s,railroad a id ..... V arl 100 101
5s, l o n g . . . . ________ _ __________ _ 111 113
5s, 1897, m unicipal......................... 101% 103
Claes “ B ,” 5s, 1 9 06.......................... 108
6s, lo n g ..................................... Var.1 119 120
B elfast, Me.—6s, railroad aid, ’ 98.. 103 105
Class “ C,” 4s, 1 9 0 6 ..................... .. 100
7s, l o n g . . . . . ....................... ....V a r.1 125 126
Boston,Mass.—6s,cur,long,1905Var1 127% 130
6s, 10-20, 1900..................
J & J 103%
7s, water, lo n g ........................ Var. 1 126 128
15
1 6s, currency, 1 8 94....................Var, 112% 113
Arkansas—6s,fu n ded , 1899 ..J & J
New Bedford,M ass.—6s, 1 9 0 9 .A&OI 128 130
7s, L. R . & F t. S.issue, 1900. A & O 18
5s, gold, lo n g ............................Var.1 114 114%
5s, 1900, W ater L oan............ A.&O 111% 112%
20
7s, M emphis & L .R ., 1 8 9 9 ..A & O
4% s, 1908.......................
A&O 106 108
N. B runsw ick, N. J.—7s, lo n g .........1 106
26
4s, currency, lon g ..................... J&J 104 106
7 s,L . R . P. B. & N. O., 1 9 0 0 ..A & O 25
6s, lo n g .......................................... ...1 100
108% 110
7s,M iss.O . & R .R iv .,1 9 0 0 ..A & O 18
Brooklyn, N .Y.—7s, 1890
New Orleans, La.— Prem ium 5s’ ___ 135% 135%
14
107 108
7s, A rk. Central R R ., 1 9 0 0 .A & O
6s, Water, 1891............
Consolidated 6s, 1892..............Var. 110% 112
126 127
6s, W ater, 1899..............
Newport, K y.—W ater bonds 7-30s..
7s, L evee o f 1 8 7 1 ,1 9 0 0 ....... J & J
160 163
California—6s, funded debt o f 1873"
6s, Park, 1 9 2 4 ................
New Y ork City—5s, 1908................... 123 126
158 160
Connecticut—New,rg.,3%s,1904J&J* 101 104
7s, Park, 1915.................
6s, 1 8 9 6 ............................................... 119 120
138 140
New, reg. o r coup., 3s, 1 9 1 0 ....... * 100
7s, Bridge, 1 9 02.............
6s, 1 9 0 1 ...............................................1 129 130
159 161
D akota Ter. 5s. t0-20s o f 1887 . . . . 105% ib'é
7s, Bridge, 1920............
7s, 1 8 9 0 .............. ................................ 107% 109
4% s, 10-20s o f 1887........................ 101% 102
Buffalo, N. Y .—78,1895.............Var.1 109
7s, 1896 .............................................. 125 126
7s, w ater, lo n g ......................... Var.1 132
Dist. Col.—Cons.3-65s,1924, cp.F & A 118% 119
7s, 1 9 0 1 .............................................. 137 138
6s, P ark, 1926........................M& SI 114
Cons. 3-65s, 1924, re g ...................... 118% 119
N ewton—6s, 1905, w ater lo a n .. J&J 120 122
100%
109
100
Funding 5s, 1899.....................J&J1
Cambridge, Mass.—5s, 1 8 8 9 ...A&Ot
5s, 1905, w ater loa n ..................J&J 112 113
Perm . im p. 6s, guar., 1 8 9 1 ... J&Jt 106% 107
6s, 1894. w ater l o a n .............. J&J 111 112
Norfolk,Va.—6s,reg.stk,’78-85. .J&J 107
114
112
111
109
6s, 1896, w ater l o a n ................ J&J
Perm . im p. 7s, 1 8 9 1 ............... J&Jt
8s, coup., 1 8 9 0 -9 3 ....................Var. 125
Wash.—Fund.loan(Cong.)6s,g.,’ 921 106% 107%
6s, 1904, city bon ds.............J&J * 122% 123
8s, w ater, 1 9 01....................... M & N 128
Charleston, S.C.—6s, st’k,’76-98..Q-J 84
Fund. loan (L eg.)6s,g.. 1 9 0 2 Varl 120
Norwich, Ct.—5s, 1 9 0 7 ..............A&OI 111 113
7s, fire loan bonds, 1 8 9 0 .... J & J
M arket stock, 7s, 1 8 92................... 110 112
7s, 1 9 0 5 ..................................... J.&J 133 137
109
W ater stock, 7s, 19 01...................... 126
7s, non-tax bon ds.............................
.t 116
Orange, N. J.—7s, lo n g ...............
do
7s, 1903...................... 127
4s, non-taxable................................. 84
Oswego, N. Y .—7s, 1887-8-9.............t 100
112
Chelsea. Mass.—6s, 1897,w ater loanl 111% 113
F lorida—Consol, gold 6s........ J & Jt 108
Paterson, N. J.—7s, lo n g .............. Vai 123 125
G eorgia—7s, g old bonds, 1890. Q—J 105% 107% Chicago, ill.—7s, 1 8 9 2 -9 9 .............. . 115%
6s, lo n g ............... ................................ 117 119
4% s, 1915.T.................! ............ .J&J]104% 106
6s, 1 8 9 5 .............................................. 113
5s, l o n g . : . . .......................................... 112 113
4% s, 1900........................................... 105% 106
Kansas—7s, lon g ..........................J&J
4%s, lo n g ............................................. 108 110
3-65s, 1 9 0 2 . . . . . . ............................. . 100
Louisiana—N ew con. 7s, 1914.. J&J 105
4s, lo n g ....... ........................................ 103 105
92%
111
110%
Cook
Co.
7
b
,
1
8
9
2
............................
Stamped 4 per oent..........................
Petersburg, Va.—6 s.......................J&J 110 112
54
52
105
Cook Co. 5s, 1899...................... .
B aby bonds, 3s, 1 8 8 6 ........... F&A
8s.
. - - . . . . . . . - . . - - J &J 118
105
104%
Cook Co. 4% s, 1900.......................... 105%
118
Maine—3s, 1890-1929............... A&O
8s, special ta x
W est Chicago 5s, 1 8 9 0 ................... 102
W ar debts assum ed, 6 s ,’ 89 .A & 01 103% 103%
Philadelphia, Pa.—6s, 1886-’ 99 J&J 117
L incoln Park 7s, 1895..................... 104 105%
M aryland—6s, H ospital, ’87-91 J&J 98
68, new , reg., due 1900 & over. J&J 130 135
«8, 1890...................................... Q—J 98
W est Park 7s, 1890........................ 105
Pittsburg, Pa.—4s, coup., 1913.J&J. 103 104
106%
South Park 6s, 1 8 9 9 ........................ 103
8-65s, 1897................... ............ J&J
5s, reg. and coup., 1913......... J& J. 115 117
Cincinnati, O.—6s, 1897......... M&N1 110
Massachusetts—5s, gold, 1891.A & 0 105 106
6s, gold, r e g ................................ Var. 124
7-30s, 19 02..........
5s, gold, 1894........................... J&J1 109% 110
1 130 131%
7s, water, reg. & op. ,’9 3 -’9 8 .. .A & O. 128
114 116
5s, gold, 1897............................M&8 111% 112
4s, 10-20.....................................J&Jt 102 103%
5s, Refunded, 1912.
105 107
M ichigan—7s, 1 8 9 0 ...................M&N 105
Southern R R . 7-30s, 1 9 0 6 ...J&Jt 131 134
4s,
do
1915
Minnesota—Adi. 4% s, 1 9 1 2 ,1 0 -3 0 .. 102
do
6s, g .,1 9 0 6 ........ M&N1 122%
Portland, Me.—6s, Mun., 1 8 9 5 .Var.1 107 109
do
Cur. 6s, 1909___ F& A t 122% 123%
Missouri—6s, 1888.................... J & J 101
6s, railroad aid, 1 9 0 7 .......... M&S 122% 123
do
Skg. fd. 5s, 1910M&N t 114 114%
Funding bonds, 1894-95 . . . . J & J 108
4s, funded, 1902-12.................. J&J 101 103
H am ilton Co., 4s
L ong bonds, ’8 9 -9 0 ............... J & J 102%
104% 104% Portsm outh, N .H .—6s, ’93 ,R R . J&J 1 107 109
Poughkeepsie. N. Y .—7s,w ater lo n g ! 138
Asylum or U niversity, 1892. J & J 107
Cleveland,O.—7s. ’94, fd. debt.. A&O 115% 117
New Hampshire—5s, 1892 . . . . . J & J 103% 105
7s, 1896, canal.......................... M&8 117% 119
Providence, R .I.—5s, g .,1 9 0 0 ... J&J 1 110% 111%
108%
110
%
W ar loan, 6s, 1892-1894....... J& J1
6s, 1898.......................................Var. 112% 113
6s, gold, 1900, w ater lo a n ..J & J t 118% 119%
5s, 18 89...................................... Var, 100 % 101% R ahw ay, N. J .—Old 7 s ....... ................. 35
W ar loan, 6s, 19 01-1905....... J & J 129% 130
N ew Jersey—6s, 1 8 9 7 -1 9 0 2 ... .J&J* 120 130
Columbus, Ga.—7 s ..................... Var. 110 112
New adjustment, 4 s ... ................... 80
90
105
6s. exem pt, 1896.....................J&J* 118 125
5 s . . . . . '. ............................................... 102
Richm ond, V a.—6s, 1884-1914. J&J 116% 117
Covington. K y.—7 -3 0 s ,lo n g ...........1 109% 111%
N ew York—6s, gold, 1891...........J&J 111
8s, 1886-1909..............................J&J 137
W ater W orks, 1890........................ .1 105% 106%
6s, gold, 1892.......................... A & O 111%
5s, 19 14-15..................................J&J 106%
8s, gold, 1893...........................A & O 112
4s, 1937, n ew ....................................\ 103 103%
4 s ................... ............................- ........ 95
No.Carolina—6s, old, 1 8 86-’ 98 ..J& J 36% 38% Dallas, Texas—8s, 1904......... .......... 110
Rochester, N .Y.—6 s ................... Var. 10
10s, 1 8 93-9 6.................................... 110 115
6s N. C. RR ., 1 8 8 3 -5 .... J & J 1J 170
7s, w ater, 1 9 03......... . . . . . . . J & J t 140
Water, 6s. 1900 ................................ 100 103
R ockland, Me.—6s, ’ 89 -99,R R .. F&A 98 100
6s
do
7 coupons o f f ___ A&O 140
6s, funding a ct o f 1 8 6 6 .1 9 0 0 J&J 10
Detroit, Mich.—7s, lon g ............Var.1 120
8t. Joseph, M o.—Comp’mise 4s, 1901 87%
20
130"
125
7s, w ater, lon g ..........................Var.1
6s, new bonds, 1892-8.............. J&J
St. Louis, Mo.—6s, 1 8 9 2 ...........Var.t 106 107
7
,8 6
6s, Chatham R R ....................... A&O
Elizabeth, N. J.—New 4s,1 9 1 2 .M&N 82
5s, l o n g . . . . ................................Var.t 106 107
Evansville, Ind—7s, long, Various
6s, special tax , class 1,1898-9A&G 10
5s, 10-20.....................................Var.t 101 102
95
4s, new, cons., 1910.............. J & J
Fall R iver, Mass.—6s, 1 9 0 4 .. .F& At 120% 122
4s, 1905................................... J&D.t 100 102%
6 8 ,1 9 1 9 .................................. A & O 120 125
5s, 1894, g old .......................... F&Af 105 106
8t.L .C o.—6s, gold, l9 0 5 .....A & O t 119% 121
Penna.—5s, new, reg., ’ 92-1902.F&A 112 %
93
5s, 1 9 09......... ..........- ............... F&At 113 115
St. Paid, Minn.—4s, 19 12................ t
119% Fitchburg, Mass.—6s. ’ 91,W .L. .J&Jt 105
106
4s, reg., 1912...........................F & A
4% s, 1916........................................-t 100
R hode Isl’d—6s, 1893-4, c o u p ..J & J 112
Galveston, T ex.—8s,1893-1909.M&S 101 103
5s, 1 9 15....................................... . . . . t 102 %
3%
4%
98
South Carolina—6s, Non-fund.,1888
5s, 1920................
J&D 92
6s, various......................................... t 110
Brown consols.................................. 106 107
H artford, Ct.—C ity 6s, var. d a te s..! 104 114
7s, 1898......................................... .-t 113
Oapitoi. untax, 6 s..........................1 110
Tennessee—6s, unfunded................... 60
8s, 1 9 04.............................................. t 125
128
H artford Tow n 4%s, u n ta x ...........t 100 105
Compromise bonds, 3-4-5-6s, 1912 70
Salem, Mass.—6s, ’ 98, W. L .A & O .. 116% 117 %
Settlement, 6s, 1913........................ 100
H averhin, Mass.—6s, 1 8 8 9 ... A&OI 101% 103
5s, 1904, W. L .........................J& Jt 110% 112
Hoboken, N. J.—5s, l o n g . . . ............ 111 113
Savannah funded 5s. consols............ 100 102%
Settlement, 5s, 1 9 1 3 ..................... 93
69%
Settlement, 3s, 1913............ ............ 69
Somerville, Mass.—5s, 1 8 9 5 ..A&OI 105 107
6s, lon g ................................................ 116 118
108
125
124
111
Texas—6s, 1892..........................M&81
5s, 1905................................... A&Ot 109 112
7s, lo n g ................................................
7s, gold, 1892-1910................ M&St 115
Springfield, Mass.—6s, 1 9 0 5 ..A&OI 122 124
Houston, T ex.—10s.............................. 45
125
45
7s, gold, 1904......................... J&Jf
7s, 1903, w ater loa n .............. A&Ot 133 133%
6s, fu nded...................... ....................
Verm ont—6s, 1890................... J & D
T o le d o ,O —7-3 0 s,R R ., 1 9 0 0 .M & N » 115 117
Indianapolis,Ind.—7-30s,’93-9, J&J1 106
8s, 1893-94...............................Var. 1 115 117
V irginia—6s, old, 18 8 6 -*9 5 ....J & J 48
Jersey City—6s, water, long, 18 95.. 105 107
Washington, D.C.—See Dist. o f Col.
7s, water, 1899-1902................ J&J 118 123
6s, new bonds, 1886-1895... J & J 48
42
6s, consols, 1905. ex-coup....... J&J 40
7s, im provem ent, 1891-’ 9 4 .. . . Var. 106 109
Worcester, Mass.—6s, 1 8 9 2 ...A&OI 107 108%
6s, consol., 2d series..................J&J 60
112% 114
7s, Bergen, long.........................J&J 116 118
8% 10
6s, deferred bonas............................
102 104
Hudson County 5s, 1 9 0 5 .... -M&S 114 116
Tax-receivable coups., from cons’ ls 32% 33%
Hudson County, 6s, 1905....... J&J 120 122
R A IL R O A D BONDS.
Do
from 10-40s. 26% 27%
Hudson County 7s, 1894....... JisD 112
68%
N ew 3s (Riddleberger), 1932. J & J 67
Bonds o f companies eonsolid’ ted wu
B ayonne City, 7s, lo n g ............ J&J 112
40
10-40s, cp. & reg., 3 to 5,1919.J&J 37
Law rence, Mass.—6s, 1 8 9 4 .. .A & Ot 111 112
be fo u n d under the consol'd name.)
121
120
C IT Y S E C U R IT IE S .
Ala.
Gt. Southern—1st m ort., 1908} 114 117
6s, 1 9 0 0 ......................................A&O
A lbany, N. Y .—6s, lo n g ....V a rio u st 115
105 107
Long Island City, N .Y—W ater.7s___ 105
122
121
7s lo n g ...............................
t 138
55
Louisville. K y.—7s, long dates. Var.1
60
45
A llegheny, Pa.—5s, cp ., ’ 87 -9 7 .. Var. 100 106
7s, short dates.......................... Var.1 102 109
50
4%s, coup., 1 8 8 5 -1 9 0 1 ........ Var. 100 105
41b’y & S u sq —1st M., 7s, ’ 8 8 ...J & J 102%
6s, lo n g ...................................... Var.1 108 109
4s, coup., 1901......................... -Var. 105
Consol, m ort., 7s, 1906,guar .A&O 130 135
6s, s h o rt............... - .................. Var.1 101 103
A llegheny Co., 5s, cp., 1913.J&J§ 100 101
Consol, m ort., 6 s,1906, guar.A&O 123
5s, 1 8 9 0 -1 9 0 0 .,........................ M&N 104 105
4s, riot loan, 5-10s......... ................. 100 101
L ow ell, Mass.—6 s ,1890, W. L.M&N1 103% 104% ille g h . V al.—Gen. M., 7 3 -1 0 s.. J&J 115%
4s, riot loan, 1 0 -2 0 s........................ 100 101
East, exten. M., 7s, 1 9 1 0 .... A&O 110
Lynchburg, Va.—6 s.................J & J llO % 111
Incom e, 7s, end., 1 8 94..........A&O 22
5s,
do
1 0 -2 0 s ......................... 100 101
8s.............................................. J & J 126
25
112
Atoh. Top. &S. Fe—lst,7 s, ’ 99 J&Jt 119% 120
4s, refunded. 5-20s, 1 8 9 1 -1 9 0 6 .... 101 102
Lynn, Mass.—W ater loan,6s, ’94J&J 111
Atlanta, Ga.—7 s................................... 110
Land grant, 7s, g., 1 9 0 2 ___ A&OI 116 117
Water loan, 6s, ’ 96.....................J&J 113 114%
D o. 8s......... ................................... 108
Sinking fund, 6s, 1 9 1 1 ........ J& D t 104% 104%
5s, 1905.............
M&Nt 112 113
110 112
Guaranteed 7s, 1909 .J&J&A&Ot 116% 117
W aterworks........................... .
.. 114
M acon, Ga.—6s......................... .
Augusta, Me.—6s, 1905, Fund.. J&Jf 118 120
M anchester, N .H .—6s, 1894-----J&Jl 109 110
5s, 1909 (1st m ort.)......... ...A & O t 100 100%
119
121
A ugusta, Ga—7s......... ...........Various 107
5s,
plain bonds, 1 9 2 0 .... ...M & S t 88
6s, 1 9 02........................................J&J
89
Austin, Texas—10s............
115 120
4%s, 1 9 2 0 . . . . . . . . . . . ........ ...A & O t 97% 98%
4s, 1 9 1 1 .............................................. 101 102
95
100
.
.
.
.
B altim ore—6s, consol., 1 8 9 0 .. Q —J 105%
Memphis,Ten.—Tax.Dist. ShelbyCo I
F loren ce* E l D or’d o,l8t.7s. A&Ot 108 111
6s, Balt. & O. loan, 1 8 9 0 ..... Q—J 104%
K.C.Topeka&W .,lst M., 7s,g. J&J I 123% 124
Milwaukee, W is.—5s, 1 8 9 1 ...J & D 10Ó
6s, Park. 18 90.........................Q—M
do
incom e 7s..A & O 113% 114
106
7s, 18 96-1901........................... Var.t 107
6a, bounty, 1 8 9 3 .....................M & 8 111
N.M ex.&8o.Pao.,1st,7s,1909A&Ot 119
7s, w ater, 1 9 02......................... J&J< 108
’ Price nom inal; n o late transactions, t Purchaser also pays accrued interest.
} In L ondon. $ P art being redeemed. If Coupons on sin ce ’ 6 9 ,
TH E CH R O N ICLE,
282
GENERAL
QUOTATIONS
OF
STOCKS A N D
[Y o l . X L V l*
BONDS — C o n t in u e d .
F o r E ^ p l a n a t i o n t S oe N o te s a t H e a d o f F ir s t P a g e o f Q u o t a t i o n s .
R a il r o a d B o n d s .
A tch . Top. & 8. Fe— (Continued)
Pueblo & A rk.V ., 1st, 7s, g.,1903.
Sonora, 1st, 7s, 1910, g u a r.. J&J
W ichita& 8.W .,lst,7s,g.,gua..l902
A tlanta & Charlotte A ir L.—let,7s
Incom e, 6 s . . . ....................... ...........
A tla n tic & P ao.- 1 s t 4s, 1 9 3 7 ..J&J
W . D. Incomes, 1910............ J&J
Central D ivision, old 6s................
do
incom es, 1922.
do
aoc. Id. gr. 6s. 1901
B altim ore & Ohio -N e w 4s___ A&O
5 s gold, 1925.......................... F&A
Schuylkill Riv. East Side 5s, 1925
Sterling, 5s, 1927..................J & D
Sterling, 6s, 1895................... M&8
S terling m ort., 6s, g., 1902. .M&S
do
6s, g., 19 10. M&N
Parkersburg Br., 6s, 1 9 1 9 ... A&O
B alt.& P ot’c—1st, 6 s,g ., 1 9 1 1 .J&J
1st, tunnel, 6s. g., g ’d, 1911. A&O
B eech Creek—1st,g ’ Id, 4 s,1936, J&J
B ell’s Gap—Cons, 6s, 1 9 1 3 ___ J&J
B elvidere Del.—1st, 6s, c.,1902. J&D
Bid.
1116*«
103*2
1114
119%
103
80*s
26*6
90
30
100*2
Ask.
117
104
116
120*«
103*2
81*3
26%
100
25
40
108*9
1109
}112
1119
1123
125
124
79
109
in
114
121
125
123
82
110
B oston & A lbany—7s, 1 8 9 2 ...F & A 1110*4 110*3
1112 112*4
B ost. Conc.&M on.—8.F., 6s,’ 89. J&J 1100*4 100*2
Consol, m ort., 7s, 1893......... A&O tl07*2 109
1103*4 103*2
98*3 100*3
t108*4 108*2
1109*4 109*2
|5s, 1899..................................... J & J U 0 6 109
96
95
4 % , 1903....... .......................M&N 100 102
B oston & Maine—7s, 1 8 9 3 .......J&J 1112 112*3
7s, 1894...................................j & j
113*4 113*2
B ost. & P rovidence—7s, 1893. J&J rl 12 113
115
1112
£ ost.& R e v e re B ’h—1st,6s,’97. J&J
65
25
105
86
99 102
Buñ. Brad.& P .—Gen.M.7s,’ 96. J&J
Buft.N.Y.&Erie—1st, 7s, 1 9 1 6 ----- 137*2 139
B od alo N. Y . & Phila.—
40
50
P itts. Titusv.& B.-
B nS.& Southw est.—6s, 19 0 8 .. J.&J
Callfor. Pae.—1st M., 4**s, g".V. J&J
do
C al. So.
do
24
112
90
100
95
112*2
100*2
107
97*2
100
100
103
50
112*2 113
85*4 85*3
109
105 106
90*2 91*4
96
97
102 108
CKpe Fear & Yad.Val., 1st,6s, 1916..
C arolina Cent.—lst,6s,g.,1920.J& J
2d, inc., 6s, 1915................... A&O
3d, inc., 6s, 1910...................
123
C ataw issa - M ort., 7s, 1 9 00...
Cedar F .& M in .—1st, 7s, 190'1
.
C edar R. & M o.- l.it, 7s, ’ 9 1 . . . F&A U 05
131*2
t ll4
104*3
105
104
104%
A tch.C ol.& Pac.,lst,6s,1905Q .
Ateh.J.Co.& W .,lst,6s,1905.Q, _ 103
Cent, o f Ga.—1st, cons., 7s, ’93.J&J 109
99*2
C ent. Iow a—New 1st., 7s , '9 9 . J&J II.........
12
125
80
107
132
117
...
110*3
100*2
84
20
90
C mtral R R . o f N. J.—
1st, 7s, 1890............................. F&A 105*2 105%
C en . mort., 5s, 1987............... J&J 101*4
7 s, con v ., 1902....................... M&N 121 122
Consol. M., 7s, 1899............... Q—J 117 118*2
102 105
A m . Dk.& Im p. Co., 5s,1921. J&J 104% 105
95 101%
L8h.& Wilke8b.Coal,inc.,’ 88,M&N
Consol., 7s, gold,1900, ass’d.Q-M 113*2 115
C ent. Ohio—1st M.. 6s, 1 8 9 0 ..M&8 104 »3
C ent. P ac.—1st, 6s, gold, 1895 .J&J 113*s
1st, 6s, void, 1896.................. .J&J 11338
1st, 6s, gold, 1897..........
J&J 113%
1st, 6s, gold, 1898..................J & J 114 114*2
115*2 116
102
»106 108
..... 103%
103%
111*3
110*3 111%
C harl’te Col.&A.112
Oheraw & Dari.
101 103
100
2d m ort., 7s..
106*3
103*2
0 68
70
6s, 1911................................. A&O
18*2
20*«
102
102*«
70
71
* Fyme M*i*inal; m íate transaction*.
R a il r o a d B o n d s.
Sterling m ort., 6s, g., 1 9 0 3 ..J&J
Bds. Kan. C. line,6s,g.,1903.M&N
M lss.Riv.Bridge, 1st.,a.f., 6s, 1912
Louls’a & M o.R .,lst,7s,1 900 F & A
do
2d, 7s, 1 9 00M&N
St.L. Jacks’v .A O., ls t,7 s ,’94.A & 0
do 1st guar.(564),7s,’94A & 0
d o 2d M. (360), 7s, ’9 8 .. J&J
d o 2d guar.( 188) 7s,’ 98.J&J
Jhlc.& Atlantic—1st, 6s,1920.M&N
2d, 6s, 1923............................. F&A
Ihic. B .& Q .—Cons.,7s, 1 9 0 3 .-J&J
Bonds, 5s, 1895................ ....J & D
5s. 1 9 0 1 ................................ - A * 0
5s, debenture, 1 9 1 3 .........M & N
Iow a Div. 5s, 1 9 1 9 . . . . . . . . . . A&O
Iow a Div., 4s, 1 9 1 9 .. .......A & O
4s, D enver Div., 1 9 2 2 ........ ..F & A
4s, plain bonds, 1 9 2 1 .... ...M & S
Neb. E xt., 4s, 1927 .............M & N
Bur. & Mo. B ., I’ d M., 7s,’93.A & 0
do
Couv. 8s,’ 94 ser.J&J
Bur.& M o.(N eb.),lst,6s,1918.J& J
do Cons, 6s, non-ex..J& J
do 4s, (Neb.), 1 9 1 0 ... J&J
do N eb.R R ,lst,7s,’96A& 0
do Om.& S.W .,lst,8s,J&D
111. G ran d T r., 1st. 8s. ’ 9 0 ...A&O
D ixon Peo.& H., 1st, 8s,1889. J&J
Ott. Osw. & F ox R., 8s, 1900. J&J
Quincy & W ars’w, 1st, 8s, ’ 90. J&J
Atoh’n & Neb.—l s t t7s,1907 M&S
Chio. Burl. & Nor.—5s, 1 9 2 6 ... ....
Debent. 6s, 1896........
J&D
Chio. & Can. S o —1st, 7s, 1902 A&C
Incom e 6s.
Incom e bonds, 1 9 0 7 ,...........
1st, con., 6s, gold, 1934 . . . . A&O
Gen. con., 1st, 5s, 1 9 3 7 .......M&N
Chio. & Gr. Trunk—1st m ort., 1900
C h.& Ind.C oalR ’y ,ls t 5 s , 1936 J&J
Chio. & Mich. L. S. 1st 8s, 1 8 8 9 ....
Chio. Mil. & St. Paul—
P. du C. D iv., 1st, 8s, 1898. F&A
P. D ., 2d M., 7 3-10s, 1 8 9 8 .-F&A
1st,
gold, 7s, 1 9 0 2 ........... J&J
La. C., 1st M., 7s, 1893...........J&J
I. & M., 1st M., 7s, 1897.........J&J
I ’a. & D ak.. 1st M., 7s, 1899. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
do
5s, 1910...........J&J
Ohio. & M il., 1st M .,7s, 1903.J&J
1st m ort., consol., 7s, 1 9 0 5 ..J&J
1st M., I. & D. E xt., 7s, 1908J&J
1st M.,6s, S’tliw est D iv .l90 9J& J
1st M., 5s. La C. & D av .l9 1 9 J & J
So. Minn. 1st 6s, 1910.............J&J
Chic. & P ac. Div. 6s, 1910 . . .J&J
do West. Div., 5s,1921. J&J
Chic. & Mo. Riv. 5s, 1 9 2 6 ....J & J
Mineral Pt. D iv., 5s, 1 9 1 0 ...J&J
Chic. & L. Sup. Div., 5s, 1921J&J
Wis. &Minn. D iv., 5s, 192 L .. .J&J
Terminla 5s, 1914.’. . . . . . ____.J&J
Dubuque D iv., 1st. 6s, 1920. J&J
Wis. Val. D iv., 1st, 6s, 1 9 20.J&J
Fargo & South.- 6s, ass. 1924. J&J
Ine. conv. sin. fund 5s, 1916. J&J
Dak. & Gt. So. 5s, 1916.........J&J
Chicago & N orth w estern Consol., 7s, 1915............ ........Q—F
Consol., gold, 7s, op., 1 9 0 2 ..J&D
Sinking fund, 6s, 1929 ....... A&O
do
58 ,192 9................ A&O
do
debent., 5s,1933.M&N
E xten. bds. 4s, 1886-1926...F&A
25-yrs. deb. 5s, 1 9 0 9 ........... M&N
Escan.&L.Sup., 1st, 6s, 1901.J&J
Des M .&Minn’s,lst,7s,1907.F& A
Iow a Mid., 1st M., 8s, 1900. A&O
Peninsula, 1st, con v .,7 s,’ 98.M&8
Chic. & Mil., 1st M., 7s, ’9 8 ..J&J
Mil. & Mad., 1st, 6s, 1 9 0 5 ..M.&S
Madison E xt., 1st, 7s, 1911. A&O
Menominee E xt.,lst,7fe,1911J&D
North west.Un., 1st,7s, 1917.M&S
Winona&St.Pet.—2d7s,1907M&N
Ott. C. F. & St. P., 5s, 1 9 0 9 ..M&S
North. Ills., 1st, 5s, 1 9 1 0 ....M&S
Chic.R.I.& Pac.—6s,1917,coup J<fcJ
Exten. & eol. 5s, 1934............ J&J
Chic.& 8.W .,lst,7s,guar.,’99.M&N
Chic. & St.Louis—1st 6s, 1915.M&S
Chic. Santa Fe & Cal.—1st, 5s
Chio. St. L. & P .—1st, 5s, 1932. A&O
Chic. & Gt. East., 1st, 7s, 93-’95
Col.& Ind. C., 1st M., 7s, 1904.J&J
do
2d M.7s,1904.M&N
Un.& L ogansp.,lst, 7s, 1905. A&O
Cin. & Chic. A. L., 1886-’ 90
Chi. St.P.& K .C .-lst, g, 58,1936J&J
Chic.St.P.Min.&Om.—Con. 6s, 1930
Ch.St.P.&Minn. lst,6s,1918M&N
North Wise., 1st 6s, 1930___ J&J
St. Paul&8.City, lst6s,1 919 .A & 0
Chio. & Tomah.—6a»....... .......
Cbio.& W.Ind.—S.fd. 6s, 1919 M&N
G eneralm ort., 6s, 1932 . . . . Q —M
Chio. & W. Mich. 5s, 1921. ...J & D
Cin. Ham. & D ayt.—Consol.5s A&O
Consol, m ort., 7s, 1905.........A&O
Consol, mort., 6s, 1905........ A&O
Cin. H. & 1., 1st M „ 7s, 1903.J&J
Cin. & Indianap., 1st., 7 s ,’92..J&D
2d M ..7S, 1 8 8 7 -9 2 .... . . . . . . . J&J
Indianapolis C. & L., 7s o f ‘9 7 ..
Ind’apolis & Cin., 1st,7s,’88.A&O
in. T. St. L. & Chic.—Con. 6s. 1920
1st gold 4s, 1 9 3 6 ...................Q —J
i Pnrphaaar also pays accrued Interest.
Bid. Ask.
1106*4
113
1123
124
108
119
118
115*4
115*4
115
116
80
30
131
1102
i 105
107
126
126%
121
50
131*«
102%
106
107*2
1108 110
96
96*2
90
92
t 88
89
92% 92%
t i l l * « 112
t .....
1115 115*2
1105% 106
t 88*2 89
t ill
113
1117 119
105 106
103 104
1123 126
1105*2 106*«
H 21
123
100*4 100*2
99*4 99*2
94
45
117
91*4
45*2
118
116% 117*8
93*2 .....
100
98%
98
127
118
124
114*4
117*2
119*4
123*2
100*8
125
125
123
113*«
103
112
119
104%
io o
100
118*2
125
100*3
128*2
125*«
113
99
103
102
__
101
115*4 115*2
106 106*3
120%
90 _
90
141*3
130 131
___ 120*3
111
108 109
91*2 92*2
104
112
122
128
121*3
118
...
109
1130
1130
1130
131*3
107
i*33
104% 104%
J104
104
1120
1115
1114
UOO
Í 97
t il«
114
115
96*2
U 03
t ....
t l 11*3
tlOO
t ill
1109
1116*3
1101*4
U 08
96
106
100
99
121
125
126*2
126
120
98
104*4
119
112*«
106
_r
......
10 >
R a il r o a d B o n d s.
Bid. Ask.
C in .J ack .A M a c.-lst,5s,1933. J&D
92*« 9 5
Cin. Laf.& Ch.—1st, 7s,g.,1901.M&S 1117
Cin. Leb. & Nor.—1st m. 5 s ....J & J 100 1 0 3
O n . R ich. &Chio.—1st, 7s, ’95 . J&J H 08 112
Cin. R ich. & F. W.—1st, 7s, g .. .J&D t llO
115
Cin. 8and’k y & Cl.—6s, 1 9 0 0 ..F&A tlOO 1 0 0 % Consol, m ort., 7s, 1890 ......J & D tlOO 1 0 0 * « Cin.&Sp.—7s, C.C.C.& I., 1901. A&O
7s, guar., L.S.& M.8., 1 9 0 1 ..A&O
Cin. Wash.&B.—lst,gu,4*3S-6sM & N 99
99*«.
72
2d m ort., 5s* 1931....................J&J
73% 38
3d mort., gold, 3s-4s, 1 9 3 1 ..F&A
40
Incom e 5s, 1 9 3 1 ......... ...................
17
20
Scioto & Hook. V , 1st, 7s....M & N
Balt. Short L., 1st, 7s, 1 9 0 0 .. J&J
Clearf. & Jeff.—1st, 6s, 1927 .J& J
Clev. Akron & Col.—lst,6s,1926J& J
Gen. M-, g., 5s, 1 9 2 7 ............M&S
Cleve. & Canton—1st, 5s, 1 9 1 7 ___
Clev. Coi. C. & I.—
1st mort. 7s, 1899........... ...M & N 121
Consol, m ort., 7s, 1 9 1 4 .........J&D 127
Cons. S. F ., 7s, 1914................ J&J
Gen. oon. 6s, 1 9 34...................J&J
109*4&i.
B elief. & Ind. M., 7s, 1 8 9 9 ...J&J
Clev. & Pitts.—4th M., 6s, 1892. J&J 106*2
Consol. 8. F ., 7s, 1900_____M&N 126 128"*
Clev.& M. Val.—1st. 7 s,g., ’ 9 3 .F&A
Colorado Mid.—1st, 6s, 19 36.. J&D
Coeur d’Alene.—1st, 6s, 1 9 1 6 ..M&S
Columbia & Gr.—1st, 6s, 1 9 16.J&J 100
79*« 8 1 %
2d m ort., 6s. 1926.................. A&O
Coi. & Cin. Mid.—1st, 6s, 1911. J&J
94
Columbus H ocking V alley & T .—
Con. 5s, 1931........................... M&S
70% .
Gen. 6s gold, 1904.............. ..J & D
72
Col. AH ook.V.—lstM .,7s,’ 97. A&O t l0 9
do
2d M., 7s, 1892. J&J 1103
Col. & Toledo—1st m ort. bonds .. 1114
do
2d m o rt..
; ........... tlOO
Ohlo&W.V a., lst.s.f.,7 s,19xOM&N 107 109
Col. Springf .& C —1st, 7s,1901.M&8 106 109»
Col. & Rom e.—1st, 6s, gu.Cent. Ga. 105 106.
Col.& West.—1st, 6s. guar Cent. Ga. 108 110»
Col. & X e n ia r -ls t M., 7s,1890.M&8 t .... 103
Conn. &Passump.—M., 7 s ,’ 93.A&O t llO i« 111
Ma8sawippi, g., 6s, gold, ’ 89 J&J tlOO 101
20
Conn. West.—1st M., 7s, 1900. J&J
38
Connecting (Phila.)—1st, 6s ..M &S 120 1 2 1 % ?
87*4 8 7 *«
Consol.RR .of Vt., 1st, 5s, 1913.J&J
Cor. Cow. & A nt.— Deb.6s, ’98M&N
Cumb. & Penn.—1st 6 s ,’ 9 1 __ M&8
Cumberl.Val.—1st M .,8s,1904. A&O
D ayton & Mich.—Consol. 5s__ J&J 1103 104
3d m ort., 7s, 1888, now 2d . A&O 1100 102 * «
Dayt. & West.—lstM .,6 s, 1905.J&J t llO
1st m ort., 7s, 1 9 0 5 ............... J&J H 1 5 125
Delaware—M ort., 6s,guar.,’95 . J&J 116
Del.& Bound B ’k—1st, 7s,1905F&A 129*4
Del.Lack.& W .- Conv.7s,1892 J&D 111%
M ort. 7s. 1907...................... M&S !3 l*a
Den. & R . G. lst7s,gold,1900.M & N 120
76% 77
1st con. 4s, 1936.............................
71
73
Denv.& Rio G.W.—1st,6s, 1911M&S
63
63%
do
assented...............
77
78% .
D en v.S .P .& P ac—1st,7s,1905 M&N
87
Des M.& Ft.D .—Guar.4s, 1905. J&J
1st mort., guar., 2*ss, 1905 J&J
60
1st m ort., guar. 4s, on extension.
Det.&B.C.lst,8s,en.M .C.1902M &N
D et.B . C. & A lp., 1st,6s,1913. J&J 105*2 1 0 6 %
Det.G.Haven&M il.—Equip.6s,1918 118 120
Con. M .f 5%t ill’84, after 6%. .1918 116 118
Det. L. & North.—1st, 7s, 1907. J&J 117% 118
Det. Mack.& M.—Ld. gr. 3*28, 8. A.:
39% .
Dub. & Dak.—1st M., 6s, 1919. J&J
Dub.&S. City— ls t ,2 d D iv .,’94.J&J 111*3
D u lu th * Irou R .—1st,58,1937. A&O
Dunk.A. V.& P.—lst,7s,g..l9 00J & D 110 . . . . . .
East Penn.—1st M., 7s, 1 8 8 8 ..M&S 100
E.Tenn.Va.A Ga.—1st, 7s,1900 J&J 113
Divisional, 5s, 1930................ J&J
Ala. Cent., 1st, 6s, 1918.........J&J
98% 99
E. Tenn. V. & G a.R ’y .—1st,5s,1956.
60
East. & W. R y., Ala. —1st, 6s, 1926
Eastern, Mass.—6s, g ..1906. .M&r 1120 1 2 0 %
E lizab.D ex.& B ig 8.—6s, 1902.M&S
100 » «
E lm ira&W ’m spt—1st Bs,1910.J&j 118"
5s, perpetual........ . ..............A&O 109
Erie & P ittsb.—2d, now 1st___ J&J 102
Cons, m ort,, 7s, 1898 ............ J&J t llO
Equipm ent. 7s, 1 9 0 0 .,........ A&O 100
Eureka Spr.—1st, 6s, gold, 1933 F& A
Evans.& Ind.—1st,guar.,g.,6s, 1924
105
1st, con., 1926.......................... J&J
Evans.& T .H .,lst con.,6s,1921,J&J 115 117
Mt. V ernon—1st, 6 s . . . .........A&O
Evansv.T.H.&Chi.—1st, 6s, g.M&N 100
Fitchburg—5s, 1899..................A&O 1104*4 1 0 4 %
5s, 1900-01-02.........................A&O tl04*a 106
110%t
6s, 1897....................................A&O t llO
116
7 8 ,1 8 9 4 ......... ........................... A&O t l i 4
Flint & P. Maro.—M. 6s, 1920.A&O 118
Ft. Madison <fc N. W ., 1st 7s, g.,1905 117
8 0 7g 81%fe
Ft. Worth & Denv. C.—1st, 6s, 1921
Frem’t Elk’n& Mo.V.—6s,1933A&O 1119 120
do
do
Unstam ped.. 1117 119
Gal. Har. & San Ant.—
1st,6s, g. 1 9 1 0 ... . . T . . . . ....... F&A 101
104
2d mort., 7s, 1905.,................ J a D
91%
West. Div. 1st, 58, 1931---- M&N
,
do
2d, 6s, 1 9 3 1 ...J&J
7 «Gal.Hous.& Hen.—1st,5 s.........A&O
Georgia—7s, 1 8 8 3 -9 0 ....— ...J & J
6s, 1910.............
J&J 109 111
Georgia Paeiflc—1st, 6s, 1922.J&J 109 1 0 9 %
2d m ort................. ............................
52*s 53T.
Gr. Rap. & Ind.—1st, Lg., g 'd , 7s, g. 1117*2
1st M.,7s, l.g., gold,not guar.A&O 1115
E x land grant, 1st 7s, ’ 99.............. UOO
Consol. 5s, 1 9 2 4 ...................M&S
9 ' *aj 9 9
Gr:B’yW.&St.P.—lst,6s,1911.F.& A
971
2d, incom es, 1 9 1 1 . . . . . . . . . . . . . .
3d*
| InLondon.
¡j (Joupou oil.
§ In Amsterdam,
G E M E R A I,
R a il r o a d B o n d s.
Bid.
Q U O TA TIO N 'S
Ask.
G u lf Col. & 8. Fe—1st, 7s,1909 J&J 121% 122
97% 97%
2d, 08, gold, 1 9 2 3 ................. A&O
Han. & St. J o . - Con. 6s, 1 9 1 1 .. M&S 116
108
» Harris. P. Mt. J. & L.—1st, 4 s.. 1913
99%
éiSart. & Conn. West.—5 s.........1903
72
65
H o ’st.E.&W. T ex.—ls t ,7 s ,’98.M&N
2d, 6s, 1913............................... J&J
H.& Tex.Cen—1st m .,7s,guar,1891 112is 115
114
W est. D iv., 1st, 7s, g., 1891. .J&J
114
W aco & N. W ., 1st, 7s, g.,1903. J &J
103
Cons, m ort., 8s, 1912----- ....A & O
75
Gen. m ort. 6s, 1921, Tr. rec.A& O
JBnnt. & Br. T op—1st, 7s, ’ 9 0 ..A&O 105 _t._
2d m ort., 7s, g., 1895.............F&A 110
Cons. 3d M. 5s, 1 8 9 5 .............A&O 102%
SUlinois Cent.—1 st Chi.&Spr.’98 J&J
106
1st, gold, 4s, 1951....................J&J
Gold, 3%s, 1951....................... J&J 93% 95
M iddle Div. reg. 5s, 1 9 2 1 ... F&A 111
110
Sterling, 8. F., 5s, g., 1 9 0 3 ..A&O {108
Sterling, gen. M.,6s, g., 1895. A&O J114 116
113
Sterling, 5s. 1905........
.J& D t i l l
Chic.St.&N.O.—1st con. 7s, 1897.
2d, 6s, 1 9 07.......................... J&D
120
Ten. lien, 7s, 1897..............M&N
117
5s, 1951, g o ld ....................... J&D 116
«End. Bl. & W —1st, p i., 7s, 1900J&J 111
89
1st m ort., 5-6, 1909,Tr. rec.A&O
67
2d m ort., 5 -6 ,1 9 0 9 , Tr. rec.A& O
15
18
Incom e, 1921, Tr. r e o.....................
88
E ast.D iv., 6s,1921,Tr. r e o ... J&D
103%
II100
iln d .D e o . & 8p.—1st, 7s, 19 06.A&O
2d mort., 5s, 1911................... J&J
20
2d, incom e, 1906,Tr Co. cert.J&J
New 1st mort. 6s, fu n d e d ............
1112
r -t
In d ’polis& St.L.—1st,7s, 1919. V ar
-'2ad’ apoUs& Vin.—1st, 7s,1908.F&A 115 120
104%
102
2d m ort.. 6s, g., guar., 1900.M&N
Int. & Gt.North.—lst,6s,1919.M & N 104
70
Coup. 6s, 1909....................... M&8
Ionia & Lansing—1st 8s, ’89. ..J & J 1103% 105
Ü >wa C ity * W est—1st,7s,1909M&8
« l aF alls & 8 . C —1 st,7s, 1917.A&O 1129% 131
-Jefferson— 1st m ort., 7s, 1889. J&J 101
Jeff. Mad.& Ind.—1st, 7s,1906. A&O 1113 114
119
2d m ort., 7s, 1 9 1 0 ................ J&J 1118
•^function (Phil.)—1st,4 JflS.1907 J&J
-Kanawha & O.—1st o‘s 1 9 3 6 . J.&J
96% ’ 9 7 ”
Kan. C.Olint’n & Springfield—Is,5s
’K .C .F t.S cott* G.—1st,7s,1908 J&D 1115 115%
1115
118
Pleas. Hill & De Soto, 1st, 7s, 1907
Kansas C. Lawr. & So. 1st, 6s. 1909 1115 ....
92% 93
JKan. C. M. & B . - l s t , 5s, 1927.M&8
•K.C.St.Jos.* C.B.—M .78,1907. J&J 1120
113
Í 13%
K.C.Spr.&Mem.—lst,6s,1923.M & H
72 •
Ken. Cent. R y.—Gold 4s, 1987.J&J
107
Keokuk&Des M.—lst,5s,gu ar. A&O
92 *92%
>Knoxv. & Ohio 1st, 6s, 1 9 2 5 ...J&J
£Lake E.& West.—lst,g.,5s,1937J& J 105
ULaae Shore & M ich. So.—
Cl. P . & Ash., new 7s, 1 8 9 2 ..A&O 111%
Bufl.& E., new tods, M.,7s,’98.A & 0 121
Buff. & State L., 7s, 1 8 8 6 ....J& J
D et.M on.à T ol.,1st,7s,1906. F&A Ì 2 7 " 13Ö“
Kalam azoo A l.& G r.R .,1st,8s. J&J
. ¿Kal.& Wh. Pigeon,Mrt,7s,’ 90..J&J
•Dividend bonds, 7s, 1 8 9 9 ...A & O i*2Ï” L25"
125J&J126
L.
8.& M . S., cons., cp., 1st,7s.
do cons.,reg.,lst,7s,1900.Q —J 124%
124
do cons., cp., 2d,7s, 1903..J&D
do cons.,reg.,2 d ,7s,19 0 3 .J&D 123
Mahoning Coal RR. 1st, 5s..J& J 103%
•^Lawrence—1st m ort., 7s,1895.F&A
122
SLehigh Val.—1st,6s,coup., ’9 8 .J&D Í 2 Í
2d m ort., 7s, 1910..................M&S 141% 143
Gen. M., s. f., 6s, g ., 1 9 2 3 ....J&D 131% 132
110%
3L. Miami—Renewal 5s,1 9 1 2 ..M&N
L Rook& Ft.S.—lst,l.gr.,7s ’95.J&J io’á 108%
120
- Long Island—1st M., 7s, 1898.M&N
1st consol. 5s, 1931................Q—J 110% 111%
N ewtown & FI., 1st, 7s, 18 91.......
N .Y.&M an. Beach, ls t 7 s ,’97,J&J
N. Y. B. & M. B .,lst con. 5s, 1935
*Lou’v.C.& Lex.—1st,7s,’97 J&J (ex) 113 114
2d mort., 7s, 1907..................A&O 117 118
3Lou’ v.Ev.& St.L—1st 6 s,1926.A&O 104 105
58
57
2d mort., 2-6s, 1936.............. A&O
«Louis. & Nash.—Cons. 1st, 7s, 1898. 120 122
Cecilian Br., 7s, 1907............M&S 105% 1C7
Leb.-K noxv. 6s, 1 9 3 1 ..........M&S
Louis. Cin. & Lex., 6s. 1931.M&N ÏÔ8%
;Mem.& 0.,stl., M.,7s, g.,1901J&D j 120 i'2‘ 2
M. &Clarksv.,8t’g,6s,g.,1902 F&A 1113 116
...
f î . O. & Mobile. 1st 6s, 19 30.J&J 112
96% 99 %
do
2d, 6s, 1 9 3 0 ....J & J
102
104
^Pensacola D iv .,1st,6s,1920..M&S
*St. Louis Div.. 1st, 6s, 1921. .M&S 114
_,r
60
do
2d., 3s„1980.M & S
»Nash. & Dec., 1st 7s, 1 9 0 0 ...J&J 117
114%
115
E. H. & N., 1st 6s, 1919....... J&D
«Gen 1 m ort., 6s, 1 9 3 0 ............ J&D 113 114
•fio.&No. Ala., S. F. 6s, 1910 A&O 105% 106
108
T rust bonds, 6s, 1922........... Q—M
Ten-forty 6s. 1 9 2 4 ................ M&N iÖ2% 103%
99 101
50-year gold, 5s, 1937..........M&N
96
Pensa. & Atl.—1st,6s,gu,’ 21. F&A
® /sv .N . A.& Chic.—1st,6s,1910. J&J 103 110
92
Con. m ort. 6s, 1 9 1 6 ...............A&O
85
-L o ’isv.N.O.&Tex.—lst,4s,1934M & 8
40
2 d m ort., 5s, 1 9 34..................M&S
iSSaine Cent.—M ort. 7s, 1 8 9 8 ... J&J 116 118
•JEacten. bonds, 6s, g., 19 0 0 ... A&O 1108 110
132
tCons. 7s, 1912.........................A&O f l 3 0
Androscog. & K en., 6 s ................... f 103 104
ill
Leeds & F arm ’g t’n, 6s, 1896.J&J fl0 9
LU
P ortl. & K.,Cons. M., 6s, ’ »ô.A & O 1109
106%
Debenture, 6s, 10-20............ F&A lOô
S fam B each Im p.,lim .,7s, 1909, M&s
84
95
M arietta Min.—1st, 6s, 1 9 1 5 .M&N f
M arq’ tteH o.& O.—M ar.aO .,8s, ’92 i ï ô % 111
fis, 1908.............................................. 100 102
fis, 1923 (extension)....... ....J & D
97% 98%
6s, 1925 (Mary. & W est.).. J&D
96
95
‘ Price nominal ; no 1 te t r a p p t : 9U4
283
TH E CHRONICLE.
M a r c h 3, 1888. J
OF
STO C K S
R a il r o a d B o n d s.
AND
Bid.
B O N D S— C ontinoed.
Ask.
92
96
Memphis & L. R ock —1st, 8s, 1907
Memph.& Chari.—1st,7s, 1915. J&J 120 125
2d m ort., 7s, exten ded...........J&J 120
1st consol. 7s, 1915................. J&J 116%
1st, cons.. Tenn. lien, 7s, 1915 J&J 120
Gold, 6s, 1 9 2 4 .......................... J&J 102 103
M etrop’n E lev.—1st, 6s, 1908. J&J 113% 113%
2d 6s, 1899..............................M&N 106% 108
72% 74
M exican Cent.—1st, 7s, 1 9 1 1 .. J&J
65%
65
Scaled 4s, 1911.........................J&J
68
68%
Bond s c r i p . . . . . . .................. . . .
18%
19%
Incom es, 1911.......................... 100
99
Debenture 10s, 1890-95.. ...A & Q
97
97%
Scrip 10s, 1 8 8 9 ........................J&J
40% 42
Mexican Nat.—1st, 6s, 1912 ..A & O
95% 97
New 1st m ort. 6 s ................... ........
Mich. Cent.—Consol.,7s, 1902.M&N 127% 130
110
Consol. 5s, 1902.,....................M&N
1st M. on A ir Line, 8s, 1890. J&J 104 104%
A ir Line, 1st M., 8s, guar...M & N 102 104
6s, 1909...........................
M&S
5s, coup., 1931........
M&S 108%
Kalamazoo &8.H.,1st,8s,’90.M&N 102 103
J.L.& Sag.North E xt.,8s, ’90.M&N
do
C ons.lstM .,8s,’91.M&8 109 Í09%
do
6s,1 8 9 1 ................... M&S 103
Joliet & N .In d .,lst,7s (guar.M.C.) 115
Mich. & Ohio—1st, 6s, 1923 ..M&N
98
101
Midd. Un. & Wat. Gap—1st m ort..
75
80
2d m ort. 5s, quar. N.Y. 8. & W ...
120
Mil.L.Sli.&Weat.—lst6s, 1921. M&N
90
88%
Conv. deb. 5s, 1907...............F&A
114
Mich. D iv., 1st, 6s, 1924....... J&J
Ashland Div., 1st 6s, 1 9 2 5 ..M&S 111
102
1st, incom es...................... ...............
99
St. P .E . & Gr. Tr’k, 1st, guar., 6s.
MU. & No.—1st, 6s, 1 9 1 0 ... .J&D 110%
107%
1st, 6s, on extension 1 9 1 3 ..J&D
Minn’p. & St.L.—1 s tM. 1927.J&D 105 120
80 100
1st M., Iow a City&W 1909. J&D
95
2d m ort., 7s, 1 8 9 1 ................. J&J
Southwest. E xt., 1st,7s, 1910 .J &D
P acific Ext., 1st, 6s, 1 9 2 1 .. A&O
52
Im p. & Equip. 6s, 1922...........J&J
L02
Minn’p. A Pac., 1st, 5s, 1936 .J&J Í100
î
88
92
Minn. 8. Ste. M. & A tl.—1st,5s,1926
104
Minn. & N. W.—1st, 5s, 1 9 3 4 ..J&J U 02
Miss.&Tenn.—1st M., 8s,series “ A ”
8s, series “ B ” .. ......................J&J
Mo.K. & T.—Cons. 7s.. 1904-6.. F&A 101 i b i
66%
Consolidated 6s. 1920...........J&D
58
59%
Consolidated 5s, 19 20.......... J&D
2d mort., income, 6s, 1 9 1 1 ..A&O
1st, 6s, g., 1899, (U. P. S. Br.)J&J
iÖ7%
Han. & C. Mo., 1st 7s, g.,’ 90.M&N
Mo.Pac.—1st mort.,68,gld,’ 88, F&A 101 101%
110
111%
Consol. 6s, 1920.....................M&N
2d m ort.,7s, 1891 ..................J&J 104
C ar.B ., 1st mort., 6s, g. ’ 93..A & 0
U 7% i ï s "
3d m ortgage, 7s, 1906......... M&N C .....
102%
Verd.V.Ind.& W .,lst,5s,1926M &8
L eroy & C. Val., ls ,5 s .l9 2 6 .J & J
194
96
Mobile & Birm.— 1st, 5s, 1937.........
50
50%
MobUe & Ohio.—1st pref. d eb .........
27
28
2d pref. debentures........................
23
24%
3d pref. debentures.............. .........
20
22
4th pref. debentures.......................
115
N ew m ortgage, 6s, 1927....... J&D 112
108%
Collateral trust 6s, 1892 ....J & J
106%
1st extension 6s, 1927...........Q—J
72
St.L.& Cairo— 4s, guar., 1931.J&J
M org’n ’s La. &Tex.,1st, 6s,1920J &J 107
125
1st m ort., 7s, 1 9 1 8 ................ A&O 121
Morris & Essex—1st, 7s, 1914 M&N 142% 145
2d m ort, 7s, 1891................F & A 107% 108%
Bonds, 7s, 1900.......................J&J 118 126
General m ort., 7s, 1901....... A&O
135%
Consol, m ort., 7s, 1915..........J&D
Nashua & L ow ell—6s, g., ’9 3 .F&A 106 106%
5s, 1 9 0 0 ..............
. . . . 104% 106
Nashv.Ch.& St.L.—1st, 7s,1913 J&J 129
2d m ort., 6s, 1901................J & J 106 107
Nashv.& Decatur—1st,7s,1900.J&J
Natchez Jack. & Col.—1st, 7s, 1910
101
New’kS ’set&S.—1st. 7s, g.,’89.M&N
101
N’burgh&N.Y.—IstM . 7s,1888.J&J id ô
102
N. J. Junction, 1st, 4s, 1 9 8 6 ..F & A
96 101
New Jersey & N. Y.—1st m o r t . . . .
N. J. Southern—1st M .,new 6s.J& J 100
99 105
N. O. & Gulf.—1st, 6s, 1 9 2 6 ..M&N
N. O. & Northeast.—Prior 1.68.1915
•N.Y & Can.—£ M., 6s, g., 1904.M&N 1116 118
N. Y . Cent. & Hud. R .—
E xtended 5s .......................... M&N 105% 100%
135
M ort., 7s, coup., 1903............J & J
111%
Debenture 5s, 1904 ...............M&S 111
Sterling m ort., 6s, g., 1 9 0 3 .. .J&J 1123 125
89%
83%
N.Y.Chio.& 8t.L.—New 1st,4s,1937
N. Y. Elevated.—1st M., 1906.J&J 116 .........
35
30
N. Y. & Greenw’ d L.—1st M. inc. 6s
10
5
2d m ortgage incom e......................
N.Y.&Harlem—7s,coup.,1900.M&N 131 132
N.Y. Lack.& W.—1st,6s, 19 21.J&J 129 130%
2nd, 5s, guar., 1923............... F&A 110 .........
N. Y . Lake Erie & W estern—
1st m o r t , 7s, 1897, e x t.......M&N 120
2d m ort, exten., 5s, 1919 ...M & S 108% 112%
3d m ort. ex. 4%s, 1923.........M&S 103 . . . .
4th m ort., ext., 5s, 1 9 2 0 .. ..A & O 114% 116
5th m ort., 7s, 1 8 8 8 ................ J&D 102%
1st cons. M., 7s, g .,1 9 2 0 .....M & 8 132% 133%
95% 96%
New 2d cons. 6s, 1 9 6 9 .......J & D
Collateral Tr. 6s, 1922......... M&N
90
Fund. 5s, 1 9 6 9 ................... ...J & D
1st cons, fund coup.,7s,1920 M&S
107
Reorganizat’n 1st lien, 6s, 1908
6Ï
G old ln com e bonds, 6s, 1977___
113%
Long D ock m ort., 7s, i8 9 3 ..J & D
117%
116%
do
con. g., 6s, 1935 ..A & O
N .Y. & North.—1st g.5s,1927. A&O 105% L07
51% 54
2d gold 4s, 1 9 2 7 ..................... J&D
N. Y. N. H. & H .ls t r. 4s,1903.J& D 105
N .Y .O nt.& W .—ls t ,g .,6 s ,l9 l4 M & S 109 l í o
1Purchaser also paya aoorued interest».
R a il r o a d B o n d s.
Bid. A sk.
N.Y.A.N.Eng.—1st M., 7s, 1905J&J 123% 124
I s t M ., 6 s ,1 9 0 5 ........
....J & J 115% 116
2d m.,6s, 1 9 0 2 .............. .....F & A 102% 1021*
91
94
2 d 6s (scaled ta 3s)___ ......F & A
38
N.Y.Pa.& O.—1st, inc.,aco.7s,1905 {37
109
l
it
do
prior lien,inc.ac.,5-6s,’95
7
8
2d m ort. in o ............ .
3
4
3 d m ort. in c.....................................
89
Leased L. rental trust, per deb. 4s 87
50
59
West. ext. oertifs, 8s, 1 8 7 6 ..J&J
50
55
do
do
7s, guar. Erie
99
991®
N.Y. PhlL & Nor.—1st, 1923 ..J& J
Incom e, 6s, 1933....................A&O
N.Y. Susq. & W .-D e b . 6s, ’ 97.F&A
91% 92%
1st refund., 5s, 1937.............. J&J
70
2d m ort., 4 % s ,1 9 37.............. F&A
Midl’d o f N. J.—1st,6s,1910.A&O 112% 115
N. Y . W ood .* R ock , 2d inc. 1912..
Norf’k &W.—Gen’l M.,6s,1931 M&N 115%
New R iver 1st 6s, 1 9 32........A&O 113 114%
Im pr. & E xten., 6s. 1934___ F&A 101% 1021®
Adjustm ent 7s, 1924......... Q.—M. 10514
Conv. deb., 6s, 1894.'............J&J
N orf’ k A P etersb., 2d, 8s, ’ 9 3 .J&J i l i " 115
So. Side, Va., ext. 5-6-8s,’88-1900 103
do
2d M .,ext.5-6s,’88-1900 102 104
108 J
do
3d M.. 6s, ’96-1900.J&J tl0 5
Va.& Tenn., 4th M., 8s, 1900. J&J 124 125
103
10 6
do
extended 5s,1900.J&J
North Carolina—M.. 8s, 1 8 88.M&N 100
North Penn.—1st,7s, 1 8 9 6 ....M & N 121
128
Gen. m ort., 7s, 1903 .............. J&J
New loan, 6s, reg., 19 05....... M&S
Northeast.,S.C.—Is tM .,8 s ,’99,M&S 131
2d m ort., 8s, 1899..................M&S 128
Northern, Cal.—1st, 6s, 1 9 0 7 ..J&J 114 11 4%
Northern Cent.—4*8 per cent..J& J 104%'
3d m ort., 6s, 19 00...................A&O 119
Con. m ort., 6s, g.,cou p ., 1900. J&J I I 8I4 __ . . .
M ort. bds., 5s, 1926, seriesA J&J 110
do
series B ......................... 108 1 U
Con. m ort, stg. 6s, g., 1 9 0 4 ...J&J 1108 111
Northern, N.J.—1st M .,6 s ,’ 8 8 .J&J tlOO
North. P ac., P. D ’O D iv.—6s, M&S.
Mo. D iv. 6s, 1 9 1 9 .................. M&N
Gen’l 1. g., 1st, 6s, 1921......... J&J 1105s
Gen. land gr.,2d . 6s, 1 9 3 3 ...A&O 105 105%
90%
Gen. land gr., Sd, 6s, 1937...J& D
92
Dividend scrip ext..................J&J
James R iv.V al.—lst,g.,6s,’ 36J&J 104 108
102
Spokane & P al.,1st 6s, 1936.M&N
St.P.& Nor.Pac. gen.6s,1923.F& A 115 117
H elen a* R ed M t.lst,63,1937M &S
100
Dul. & Man.. 1st, 6s, 1 9 3 6 ...J&J
Dak. Div., 1st, s.f. 6s, 1937. J&D
Hel. B. Val. & B.,lst,6s,1937M &N
Drum. & Pet., 1st, 5s, 1937..J&D
»2
Helena&N’rth.—lst.5s.1937. J&D
La. M.&Mo. R., 1st, 5s,1 9 3 7 ..J&D
North. Pac. Ter. Co. —lst,6 s,’ 33. J&J 101 IÖ2 '
116
Norw’h&W orc’r—1st M ., 6s. ’97. J&J t l l 4
Ogd’nsb’g&L. Ch.—1 st M. 6s,’97, J&J )101 102
Sinking fund, 8s, 1 8 9 0 ..........M&S 104 105
Consol, ,6s, 1 9 2 0 .................... A&O 100
33
35
Incom e, 3s & 6 s l9 2 0 ....... ..............
Ohio Cen.—Riv. D iv., 1st, 6 s.. 1922
Incom e, 6s, 1 9 22, Tr. r e c......... .
Ohio & Miss.—Cons.,s.fd.7s,’98 J&J 115 118%
Cons, m ort., 7s, ’9 8 . . . ___ ....J & J 115 117
2d m ort., 7s,' 1 9 1 1 . . . . . . . . . ..A & O 116
89
95
1st gen , 5s, 1 9 3 2 ................... J&D
lstm ort.,S pringf.D iv.,1905 M&N 108
96
itti
Ohio R iver R R .—1st. 5s, 1936. J&D
Ohio Southern—1st 6s, 1 9 2 1 ...J&D 103
32
2d incom e, 6s, 1921......... ..............
Old Colony—6s, 1 8 97................ F&A 1112% lid
6s, 1895.................................... J&D 110 % 111 %
7s, 1 8 9 4 ...................................M&S 1115% 1 1 5 %
4*28,1904................................. A&O 104% 107
Bost.C .& Fitchb.,lst,7s,’ 89-90J&J 1103 105
113
B. C. F. & N. B., 5s, 1910 ..J& J t llO
114
N. B edford R R ., 7s, 1894 ..J& J t i l l
73
73%
Omaha & St. L.—1st, 4s, 1 9 37..J&J
Orange Belt—1st mort., 6s, 1 9 0 7 ...
107
Oreg. &Cal.—1st 6s, 1921.........J&J {105
2d m ort., 7 s . . . . ...............................
96%
O regon * Transcont.—6s,1922 M&N 96
Osw.&Rome—IstM ., 7s, 1915.M&N 1122
i
ö
§r
1104
Panama—Sterl’gM ., 7s, g. ’97. A&O
Sinking fund sub., 6s, 1 9 1 0 .M&N
101
id
a
T
Subsidy bonds, Eng. issue, 6 s . ...
Penn.RR.—Gen.M ,6s,op.,1910Q—J 132ia
Cons, m ort., 6s, 1905............Q—M 12114
108
Collateral trust, 4*2 8,19 13..J&D
Consol. 5s, 1 9 1 9 ...........
J&D its '
108
Penn. Co., 6s, reg., 19 07___ Q.—J
do
1st M., 4i«s, 1921. J&J 106% 107
Penn.& N .Y .C a n .- 1st. 7s, ’ 96 . J&D 115
1st m ort., 7s, 1906..................J& D ISO
Pensacola & A t la n t io -ls t m..F&A
108
Peo. Dec. & E v .—1st. 6s, 1920. J&J
75
2d m ortgage, 5s, 1927............
E vansville D iv .,1st 6s,1920.M &8 100 103
109
Peo.& Pekin Un.—ls t,6 s ,1 9 2 1 .Q -F
73’
2d m o r t . 4*98, 1921.............. Q—F
Perkiomen—Cons.6s,,1913,sterling *95 105
Petersburg -Class A , 1 9 2 6 -----J&J 105
Class B , 1926.........................A & O 107
Phila. & E rie—1st M.,7s, 1888. J&J 10218 102% .
126
Gen. M.. guar., 6s, g., 1920. .J&J 1124
Consol. 5s, 1 9 2 0 ............... — A&O 113
127
Phila. & R ead’g—1st, 6s, 1910.J&J
2d, 7s, ’ 9 3 ........
.A&O 1131«
D ebenture 6s, 1893 . . . ......J & J
Consol.M.,78,1911, reg.& o p . J&D 131
Consol, m ort., 6s, 19 11___ ..J & D 119
Im provem ent m ort.,6s, *97.A&O 105 IO*?®
Gen’l m ort., 6s, 1 9 08____ ....J & J 111 U l %
Gen’l m ort., 7s, 1 9 0 8 ..., ....J & J 113% 115
Convertible, 7s, 1893 . .... ...J & J
Cons. 5s, 1st s e r ie s .............. M&N 9 6 % " 9 7 "
74
75
Cons. 5s, 2d series........... ....F & A
Scrip fo r 6 deferred *2 c o u p o n s .. j>90 10(4
J In L ondon
11Coupon
c. In
TH E CH R O N ICLE.
284
GENERAL
F or
R
a il r o a d b o n d s .
QUOTATIONS
STOCKS A N D
E x p la n a t io n s See N o tes a t H e a d
Bid.
Ask.
PM1.& R oad.—(Cont.)—Con.adj.scr
D eferred in co m e ............................ "is " " ¿ O "
83*4 84
Incom e m ort., eons. 7s, ’96, J&D
75
Coal& I., g uar.,7s,’ 92,ex-cp.M & 8
PM la. W il. & Balt.—6s, 18 9 2 .. A&O 102*3 104
6s, 1900.................................... A&O 1105 107
105
5s, 1 9 10..................................... J&D t l0 3
100*3 101
Trust certs., 4s, 1 9 2 1 ...........J&J
P ine C reek - 6s, 1932............... J&D
Pittsb.C.& St.L.—1st, 7s, 1900.F&A 118 119
Pittsl).Cl.& T ol.—1st, 6s, 1922. A&O 111%
Pittsb.& Con’llsY.—lstM .7s,’ 98.J&J 117% 117%
Sterling cons. M. 6s, g., guar. J&J U 2 7 130
P ittsb.Ft.W . & C.—1st,7 s,1912 Yar 140
2d m ort., 7s, 1912....................J&J
3d m ort., 7s, 1 9 1 2 ...................A&O 132 ,
Pittsb. M cK .& Y .—1st,6s,1932.J&J
75
P ittsb. & W e s t—1st, 4s, 1917. J&J
PortPnd&Ogb’g'—lst6s,g.,1900J& J 105 108
P o rt R oy al & Aug.—1st, 6 s ,’ 99 . J&J 105
40
Incom e m ort., 6s, 1 8 9 9 ......... J&J
Ren.&S’toga —1st 7s,1921 cou.M&N 142 144
55
R lc b ’d & A llegb—1st, 7s, trust rec.
R ich ’d & D anv.—Con.,6s,’90..M &N 103
General m ort., 6s, 1 9 1 5 ........J&J 114*3 114%
Debenture, 6s, 1927......
A&O 10 > 110
82*3 85
Con. gold, 5s, 1 9 36.............. A&O
P iedm ont Br., 8s, .1888_____A&O 103
R ich.F red.& P o t.-M .7 s, ’ 81-90J&J 125
B lob. & Petersb., 6s, 19 15___M&N 120
N ew m ort., 7s, 1 9 1 5 ............ M&N 114 116
R ichm ond Y ork R iv. & Ches., 8 s . .. 113*s 115
105
2 d m ort., 6 s . . . ............
M&N 101
87
88
' R ich. & W estP t.T er., 6s, 1897.P&A
118
R o c h .& Pitts., 1st, 6 s ,1 9 2 1 ...F & A
Consol. 1st, 6s, 1 9 2 2 ............. J&D 114ia
do
incom e, 1921..........
95
R om e & Carrollt.—1st, 6s, g., 1916
R om e & Dec.—1st., 6s, 1926. ..J& D
Rom eW at’n&O.—8.F. ,7s,1891 .J&D
2 d m ort., 7s, 1 8 92....................J&J 107
Consol., 1st ex. 5s, 1 9 22___ A&O 103*0
R utland—1st M., 6s, 1 9 02___ M&N 108*3 109
Equipm ent, 2d m ort., 5 s ___ F&A
96*s 97
St.Jo. & Gr. Isl’d—1st, guar.6s,1925.
101*3
40
2d m ort., incom es, 5s, 1925.........
Bt.L. Alt.& T.H .—1 st M., 7s, ’ 94.J&J 112*2
2 d m ort., pref., 7s, 1 8 9 4 ___ F&A 109 110
2d Incom e, 7s, 1894.............. M&N 104*3
40
30
D iv. bonds, 1 8 9 4 ...........................
BeU ev.& S.IU .,lst,8.F.8s,’96.A & 0 118
113
Bellev.& Car., 1st 6s, 1 9 2 3 ..J&D
Be. L. Ark. & Tex. 1st 6s,1936. M&N 101*2
42
40
2 d m ort.. 6s, 1936............. ...F & A
85
87
St. L .& Chic.—1st con.6s,1927. J& J
St. L. & Iron Mt.—1st,7 s ,’ 9 2 ..F&A 108 109
2d m ort., 7s, g., 1897............M&N 109
A rk. Br. 1. gr., M., 7s, g., ’95.J&D 108*3 111
111
Cairo A rk. & T .,1st,7s,g.,’ 97. J&D
Cairo & Ful., lst,l.g .,7s,g.,’ 91. J&J 104 104*4
88
Gen. oon. r ’y & 1. g., 5s,1931A & 0
St.L.& San F r.—2d cl. A,1906..M&N 117 117*3
2 d M ., class B, 1906...............M&N 116*3 117
' 2 d M., class C, 1 9 0 6 .............M&N 117
South Pacific.—1st M, 1858 .J& J 101*3
104
K an . C. & Sw., 1st, 6s, g., 1916.. J&J
P ierre C. & 0 . 1st, 6s.............F&A 105
Equipm ent 7s. 18 95................J&D 105
General m ort.. 6s, 1931.........J&J 115*4 115%
General m ort., 5s, 1931.........J&J 102 Os
1st trust, g., 5s, 1 9 8 7 ............ A&O
105
"F t.8.& V .B .B d .,lst,6s, 1910.A&O
St.L.K.&So.W. -1 s t 6s, 1916M&8
112*3
' T rust bonds, 6s, 1 9 2 0 ........... F&A
111
Bt. L. W. & W ., 6s, 1919....... M&8
St.L .V and.& T .H .-lstM .,7s,'97.J& J 112
102
2d m ort., 7s, 1 8 9 8 .... ......... M&N
2d , 7s,guar., 9 8 .____ '. ..........M&N 106
Bt. P. & Duluth—1st, 5s, 1931. F&A
Bt.P.Minn.& Man.—1st 7s,1909 J&J 113
2d 6s, 19 09.............
A&O 118ifl
Dak. E x t., 6s. 1 9 1 0 ...............M&N 120 1 2 lia
114*4
1st consol. 6s, 1 9 3 3 ...............J& J
95% 96ia
do
reduced to 4*ss . .J& J
M inn’s U ’n, 1st, 6s, 1922 ....J & J 110
82ia
M ontana E xt., 1st, 4s, 1937. J&D
M ontana Cent.—1st, 6s, 1937J&J
Ban Ant.& A .Pass.,1st,6s, 1916. J&J
do
1st,6s,1926. J& J
BanduskyM ansf.& N .—1st, 7s,1902 116
Bav. FI. & W.—1st, 6s, 1 9 3 4 ..A&O
A t. & G ulf, con. 7s, ’ 9 7 .......... J&J 113
Bo. Ga. & F la —1st, 7s, 1899......... 113
2d, 7 ?, 1899......................... M&N 109
'Seaboard & Roan.—6s, 1 9 1 6 ..F & A
5s, coup., 1926......................... J&J
95
Soloto VaL—1st, 7s, sink’g fd .. J&J
90
68
71
2d m ort.,7 s, sink’g fd .....'..A & O
Consol. 7s, 1 9 1 0 ...................... J&J II 50
Bham. Sun.& Lew.—1st, 5s,’ 12M&N
90
Sham.V.& Potts.—7s, cou. 1901 J&J
127*3
Shenandoah Val. -1 s t ,7s,1909. J&J
90
General m ort., 6s, 1 9 21....... A&O
37
Shreve. & Hous.—1st, 6s, gu., 1914
65
70
Sioux C. & P ac., 1st M., 6 s,’ 98.J&J 106*s 108
Bodus Bay& So.—1st,5s,gi,1924J&J
Bo. Carolina—1 s t M .,6s,1 9 2 0 ..A&O 1013a 102*3
2d m ort., 6s, 1 9 3 1 . . . . . . . ....... J&J
81
Incom e 6s, 1 9 3 1 ............................. " i s ”
17
Bo. Cen. (N.Y.)—Consol, m ort., 5 s..
53
57
South. Kansas—1st, 5s, 1 9 2 6 ..M&S
95*3 96
91*2 92
T exas D iv., 1st, 5s, 1 9 2 6 ___M&S
Incom e, 6 s . . . .......................... ......
83*3 84
Bo.Pao,Cal.- 1 s t ,6s,g.,1905-12 A&O 114
So. P ac.,A riz.—1st,6s,1909-10. J&J
109*3
So. P ac.. N. M.—1st, 6s, 1911 .J& J 107*3
Staten led. R apid Trans.—1st mort.
Steuben. & Ind., 1st 6s, 1 9 1 4 ..J&J 107 110*3
Stock. & Cop.—1st, 5s, 1905., ..J & J
' Sum m it B r.—1st, 7s, 1 9 0 3 ..... J&J 103 1*03*3
Sunb.Haz.&W-B.—lst,5s,1928M &N 103 105
2 d m ort., 6s, 1938 ................M&N
99
98
Bnsn.B.&Erle Juno.—1st M. ,7 s .. .
ft 08
r a il r o a d
BONDS — C o n t i n u e d .
o f F ir s t Paste o f Q u o t a t io n s .
B onds
Ask.
Bid.
) 135
r .........
r .........
113
101
109
Cons. M .,6s, g. 1905.tr. rec. J&D 104
46*4
68*4
60
Gen.M.&ter. 6s,1905.tr.rec. A&O
II 77
98is
.........
95 %
87*0
Tol.Peoria&W.—lst,7 s,1 9 Í7 ,tr.rec
do
do
do
do
2d m ort...........................................
3d m ort., incom e...........................
Vicksb. Sh. & Pac. —P rior lien, 6s.
4th series, 3-4-5s, 1921.
Gen. 5s, guar., 1936......... .
W ab.St.L.&P.—ls t,e x .,7 s ,’ 90.F&A
109
85
1st. S t.L . div., Vs, 1589....... F&A
do
Q’noy & Tol., 1st, 7s,’9 0 .. ..M &N
I11.& 8.1a.,1st, 6s, 1 9 12....... F&A
do No. Mo., 1st, 1 8 9 5 ...J&J
do St. Cha’s Bridge 6s, 1908
Wab. Fund, 1907—Var. 7s. F&A
West Jersey—1st, 6s, 1 8 96...... J&J
Consol, m ort., 6s, 1909......... A&Ö
West Shore guar. 4 s . . . . . . . . . . . . J&J
West’n A la.—1st M., 8s, ’ 8 8 . ..A& O
2d m ort., 8s, guar., ’9 0 .........A&O
W est.M aryl’d—3d en.,6s, 1900. J&J
W ’nNo.Carolina—lst,7s,1890.M &N
Consol. 6s, 1911....................... J&J
West’nPenn.—1st M., 6s, ’ 9 3 ..A&O
Pitts. Br., 1st M., 6s, ’ 9 6 ....... J&J
Wheeling & L. Erie—1st,5s,...1 9 2 6
W ichita & W estern—1st, 6 s ....J & J
Wilm. Columbia & Augusta, 6s.......
Wil.& W eldon—S. F., 7s, g., ’ 96. J&J
W isconsin Cent.—new 1st, 5s
Incom es, non-cum ., 5s . . . . .
Wis. V alley—1st, 7s, 1909....... .J&J
Worc’r& N ashua—5s, ’ 9 3 -’9 5 .. Var.
Nash. & R och., guar.. 5 s .’ 94.A& 0
R A I L R O A D S T O C K S . Par.
Ala. Gt. South.—L im .,A ., 6s,pref..
U m ., B, co m ....................................
Ala. N. O. & Pac., &c.f p re f............
do
do
d e f...
Albany & Susqueh., Guar., 7 . . . 100
Allegheny V a lle y .......................... 50
Atchison Topeka & Santa F e .. 100
Atlanta & Charlotte A ir Line ..1 0 0
A tlantic & P a c i f i c . ................... 100
Augusta & Savannah, leased . . . 100
B altim ore & Ohio.........................100
do
1st p r e f.,6 ___ 100
do
2d, o r e f........... 100
Parkersburg B ranch................ 100
Beech Creek.................................... 50
do
p r e f . . . . . ...........
50
Bell’s G ap........................................ 50
Belleville & So. 111., p ref............100
Boston & A lbany..........................100
Host. Con. & M ontreal................100
do
Pref., 5 ...1 0 0
Boston H oosac Tun. & W estern.. . .
Boston & L o w e ll.......... .............100
Boston & M aine............................100
B oston & N. Y . Air-Line, p r e f.. 100
Boston & P rovidence..................100
t In L ondon
108
95
Boston R evere B each & L y n n .. 100
B rooklyn E levated., n e w . . . .
Brooklyn & M ontauk.................. 100
do
P re f............100
Buffalo N. Y . & P hila.,ass.pd— 50
do
do
P r e f ...50
Buffalo Rochester & P ittsb....... 100
Burlington C. Rapids & N orth .. 100
California P acific...............................
California S ou th ern ............1 0 0
Camden & A tlantic . . . . . . . . . . . . . 5 0
do
P r e f . . . . .....50
Canada S o u t h e r n .....................1 0 0
Canadian P a cific.. . . . . . . . . . . . . . . 1 0 0
C ataw issa........................................ 50
do
1st p re f............... .. . . . 5 0
do
2d p r e f..........................50
Cedar Falls & M in n e s o ta ....... 100
Central o f G eorgia....................... 100
Central Iow a, 2d assesm’t pcL.100
do
1st p re f..................100
do
2 d p r e f......... ..........100
Central M assachusetts...............100
do
p r e f ... 100
Central of N ew J e r s e y ............ 100
Central Ohio.................................... 50
do
P r e f.............................. 50
Central P acific..............................100
Charlotte Col. & A u g .................. 100
Chesapeake & Ohio, com m on ..1 0 0
do
ls t p r e f...lO O
do
2d p r e f .... 100
Cheshire, p re f............................... 100
Chicago & A lton .......................... 100
Chicago & A tlantic Beneficiary___
Chicago Burlington & N orth .. 100
Chicago B urlington & Q u in cy ..100
Chicago & East. Illinois..............100
do
p r e f .... 100
Chicago & Grand T ru n k ..................
Chicago & Ind. Coal R a ilw a y .. 100
do
do p re f.. 100
Chicago M ilwaukee & St. P aul. 100
do
pref., 7 .1 00
Chicago & N orth W estern......... 100
do
P ref., 7 .. 100
70
115*s
110
104%
48*4
69
63
78
99
108
97
do
do
do
.....
48
98
do
.....
.....
112
89
109*4 1
111
91
100
do
104
109
96*3
101*3
118
116
92
45
118
103
103
p r e f.. 100
do
............
115
.........
.........
10130 ;
............
.........
108
.........
.........
97*3
104
......... ;
92*2
45*s I
120
j
105
;
104
45
.........
200
.........
105*4 105*3
.........
159 160
215*3 216
98 100
248 250
I
]
I
I
J
I
155
150
129%
19*4
50
do
pref. 100
11
8*3
18
do
P re f.. 100
50
►rthe L, com .100
99
do
P ref. 100
75
10
28
Pref.
do
P ref., guar., 8.5 0
do
do
Lan
do
do
do
do
46
29%
33
3*4
6
5
118
140
6*3
58
126
41
90
8%
41*3
116
108*4
143*3
113*4
14
38
38*3
107*3
39
75
76%
60
18
54
3%
6*4
35
51
9
32*3
23*9
20
139
150
107
186*3
70
160
1293s
13
10
60
100
_,
30
978 10*8
do
do
do
1st p r e f.. 100
2d p r e f ... 100
do
do
do
pref.
61
21*3
§ 51
64
22*3
124
124*3
129*3
107*3.
20
.100 129
P ref.
.100
.100
do
23*3
44*3
76 70 77*8
166
21
15
138
140
106*3
186
11*3 J
i 11
4
]
Î 3*3
1%
t 1*4
% I
t
*4
145 155
1
.........
978a 97 78
x80
82*3 1
9% 10
132 133
J
95 100
(
115 ......... (
(
110 114
7
(
3
......... {
5 43
75
199
23*4
44
81*8
45
50
28%
30
2%
4%
&34
117
138
5
56
125
40%
89%
5
40
89*3
3*4
5%
a 34*3
49
8
32
P re f..
155
do
Ask,
155 156
35
40
40
80
§ 1050 Ï 0 78
5........
9 7»
45
53
25
30
4
6
42
42*3
17*3
1 42
52%
54
57
$ ......
6 56*2 57
5 54*4
3
&
119 120
4
5
115*2
108
140
112
12*3
36
p ref.
.100
33
p r e f.. 100 106
38*a
71
P r e f.. 100 *
73%
55
17*3
52
P ref., 6.5 0
.....
112
.....
.....
114*3 ___
105% 106
.....
118 .....
.....
107*3
107*s
112
124
115
101*4
102
106
118
102
Bid.
R a i l r o a d St o c k s .
140
93*2
i ......... 114
103
i 1112 114
11123 125
104%
114
114 115
1143a 114%
114*3
103*2
114150 114 7a
1123 128
106
94
109*3
110*3
115
105*3 105%
10150 102
90
92
94
88
f 104
......... 105*3
105*4 106
80
45
6
1107 109
118
117*2 118
110*2 111
80
70
101 101*3
89*3
82
81
109 .........
85
92
40
97
* P rice nominal, t Purchaser also pays accrued interest,
OF
fTOL. XLVI,
107
§ 40
P r e f- 7 ..5 0 $ 65
87*3
94
27*3
97*s
P r e f ... 100
1
1
43
88
94*3
29
98
2
2*9
43*3
21*3
2Ô
202 205
5
12
9
8*3
do
12
do
20
P r e f ....1 0 0
18
20
§ 14*2 15*3
do
do
P r e f ...5 0 § 36*a
114*3 115
do
Leased line, 4 p. c. 100
95%
12
13
70
2
do
1st pref.
8*s 10*3
do
2d p ref..
5
0 Coupon off. § P rice per share,
« In Frankfort,
a In Am sterdam
THE CHRONICLE.
M a r c h 3, 1888.]
GENERAL
R a il r o a d Stocks .
Bid.
Q U O T A T IO N S
OP
STO C K S
AND
285
BONDS— C
o n t in u e d
.
Ask.
M iscellaneous .
Bid. Ask.
M iscellaneous .
B id. Ask.
M iscellaneous .
Bid. Ask.
St. L. Van. & T. H .......
7
12
COAL & M
S
G
O
L
D
&.
S
I
L
V
E
R
C o n t in u e d .
St. Louis & San F r.100
33
34
S T O C K S . N .Y .
M IN IN G STO C K S«
82
Kan.C.Ft.Scott&G.100 x81
do P r e f ... .10 0
70% 71%
0 ........... 34
(N. Y. & SAN. FRAN
do
P re f.. 100 x l3 2 134
do 1st pref.100 111% 112%
0
37
37%
A
lice...............................
•50
•60
50
Kans.C.Mem.& B . ICO 49
St. Paul <&D u lu th .100
56%
.
25
26% A lta M o n ta n a .... .100
81%
Kan.C.Sp’d& Mem. ICO x81
do
Pref.100
103%
) 20
25
A
m i e ..........................10
40
Kan.C.Cl’n & Sp’d .100
30
St. P.Minn. & M an .100 109% 109%
1) 10% 12
B a r c e lo n a ....
Ran. City & Omaha
•4T
8cioto V alley.......... 50
6
10
Marshall Cons.
Bassick.....................i o o
Kentucky Central. 100
Seab’d & RoanokelOO
5 Ï 2 - Ï 5 ” B e c h t e l.......... j
Keokuk & Des M ..10 (
5
South Carolina___100
9
J 10
13 1 B elle Isle................ i o o
•65
23
do
p r e f..l0 0
Southern Pac. C o.. 100
3 ........... 50
B odie........................100
2-25
Keokuk & W est..........
33
S^vest., Ga., g ’d, 7.1 00 128 129’
3
28
28%
Bulw er..................... 100
•80
29%
K in g st’ n &Pembr’ke50
Syr. Bing. & N. Y .1 0 0
3 265 273
Caledonia B. H ___ 100
1-75 1 8 0
Lake Erie & W ....1 0 0
15% Summit B ran ch ,P a .50
15
9% 10 %
3 10% 11
Consol. C alifornia. 100 15-00
45
45% Sunbury & L ew ist..50 § 48
do
P ref.100
50
do
3
35%
36
C
hrysolite.................
50
•41 " •5*0'
L. 8h. & M ich. S o ..100
ö lig 913. Terre H. & Ind’nap.50
75
85
30% 31
C hollar.....................100
5-87
Lehigh V a lle y ..........50
56is 56% Texas & P a c ific . . . 100
25
25%
46
...........
100
Consol.
P
acific___
•10
L ittle M ia m i........... 50 §167 168
Tol. Ann A rbor & N.M
25% 26
Crown P oin t.......... 100
L ittle Schu’k’l ......... 50
62%
Tol. & Ohio Cent’1.100
35
Dunkin...........................
140 145
L ong Islan d .............. 50
1-60
92
90
do
P ref. 100
50
Eureka Consol___ 100 10-00
107 109
La. & M o .R iv e r ...100
U. N. J. R R &C. Co.100 215 215%
Father De S m e t .. 100
72
•40
73
•50
do
P ref.......... 100
55% 55%
Union P acific........ 100
Gold Stripe...................
129 131
12 % 13% Utah Central.........100
Lou. Evans.&St. L.100
G oodshaw ...............100
24
24% Utica <&Black R iv. 100 125 130
•_
do.
P ref.100
Gould & Curry S ..1 0 0
4-25
5638 56% Vt.& Mass.,l’sed,6.100 135 136
Louisv. & N ashv.-lOO
A N B BONDS.
Green
M ountain___ 10
35
40
Louisv.N.A.&Chic.lOO
25
40
i
Vicksb. & M eridian . . .
Hale
&
N
orcross.
.100
10*25
Maine C e n t r a l.... 100 124% 125
72
76
î
do
p r e f ...
H
1-25
Man. & L aw ’ c e . . . . l 0 0 208 212
45
52
Í orn Silver...................
Virginia M idland.. 100
Independence....... i o o
90
90% WabashSt.L.&Pac.lOO
M anhattan, c o n ... 100
13% 14%
%
2
I
Iron
Silver................. 20
4
0
0
Marq. H. & O n t.. .100
16
18
General
m
ort.
cert..
3%
24%
5
}
25
do
P ref.100
Lacrosse.....................10
•12
85
87
do
P re f.. 100
98 110
,
Warr’n(N .J.),l’s’d,7.50
¡-•eadville Consol___10
•50
55
Memph.& C h a ri....2 5
57
Commercial Tel. Co.pf.
16
61
58
West Jersey ..............50
Little
C h ie f............ 50
•30
14
14% West J ersey & A tl. ..5 0
M exican Central ..1 0 0
Franklin.................. 100
25
33
rLittle P
50
itts........I
•35
M exican Nat., Tr. reo,
7%
8% Western M aryland. 50
Gold
&
Stook.......
100
90
95
J
13% 14
M exican G. & Silv.100
5-38
24
M ex. Nat. Constr. Co.
27
B onds............
96 . 102
53
2
Wheeling & L.Erie 100
53%
2-00
81
M ichigan Cent___ 100
81
M exican.................. 100 160 170
?Navalo . . . .............100
Wil. Columbia & A .l 00 113 116
O
phir.........................10 10-38
25
M idland o f New Jersey
N. Y. Mutual Un. Tel..
88
90
p
Wilm. & W eldon, 7.100 112
Potosi......................
100
Mil. Lake S. & W ..1 0 0
72
Mutual Union 6 s . ...
93
93% Rappahanook............
g
18 " 18%
Wisconsin Central 100
1
*•19
•21
97
99
do
p ref.100
38
38% N’ west.. 7s. 1904 .J&J 100 ......... E
do
P ref. 100
Red E lep h a n t......... i o
Mil. & N orth ern ... 100
Wor.Nash.& R och .10 0 125 125% Postal T elegraph.. 100
Robinson C onsol.. 50
•75
•90
63%
M ine H ill & S .H ....5 0
Bonds, 1st 6 s ...........
S ierra N ev a d a.......100
4-60
OQ 9
6
Minneap. & St. L ..1 0 0
7
Postal T. Cable, new
25
CAN AL BONKS.
8
Silver
C liff............... 50
10
14% C hes.& D eL-lst, 6s,’ 86
do
P r e f ... 100
So. Tel., 1st m ort. b ’ds
S
tandard................i
o
o
2 ’ 85 3 -0 0
70
Ö
14
M isso’l Kan.& T ex. 100
South’n & A tlantio.25
60
12
Ches.&O.—6s, ’70.Q.-J
100
Union
C
onsol.........
4-30
84% 84% Del. & H.—7s. ’ 91. J&J 107
Missouri P a c ific ... 100
Western U nion___ 100
78% 78% B
«
M IN IN G
M obile & O hio....... 100
11% 11%
7s, 1900, M. & N ___
120
“ O S TSOTN
1st ex t., 1 8 9 1 ..M&N 108%
O C K S .«
Morgan’s La.&Tex.lOO
TELEPHONE
Coup. 7s. 1 8 94.A&O 114
\
ALlouez......................
25
2%
2
Morris & E ’x , g u.,7.50 139% 139%
STOCKS.
1st Pa.D.cp.,7s,M &8
A tla n tic.................... 25
13%
19
77
Nashv.Chat.& St. L.25
78
American B ell....... 100 218
220
g
Lehigh N a v .- 4%s, ’14 109
Bost.
&
M
on...
(Copper)
39%
39
Nashua & L o w e ll.. 100 193 195
Amer. S p eak in g ... 100 100
RR. 6s, reg., ’ 97.Q -F 113%
Brunsw’k A ntim on y. 5
OA
^
4
6
N’squehoning V all’y50 § 55
E rie......................
29% du
0
Conv 6s,g.rg.’94M(feS
Calumet & H e c la ...2 5 247 248
New Jersey & N .Y .lt 0
M exican..............
1%
6s,g.,op.& rg..’97J&D 112%
1% Catalpa
n
S
ilv
er.........
10
260
23o.
do
Pref.100
New E n g la n d ...
42% 43
X
C on s.M .,1 9 ll 7sJ&D 123%
25
23
25
N. Jersey Southern..
%
% Penn.—6s, coup., 1910
74
50o 70o. Central......................
76% Tropical..................... 10
p ra n k lin ...................25
F
16%
16
8
N. News & Miss. Val. Co
E L E C T R IC
Schuylkill N av.—
H u ro n ......... .............25
5%
5
N.Y.Cent.A H .R iv.100 1 0 ^ 8 107
L
I
G
H
T
S
T
O
C
K
S
.
80
1st M., 6s, 1897. Q-M
M
innesota................
25
$2%
$5
15%
15
Brush, B alt............ 100
N.Y.Ch.&St.L.newlOO
55
47
70
2d M .,6s, 1 9 0 7 .. J&J
50
N ational................... 25
$3%
$4
67%
67
do
1st pref. 100
Brush
Uluminat’g
100
85
50
100
M ort. 6s, c p .,’ 95 J&J
O s c e o la ........... ........ 25
23% 24
31
30
do
2d p ref .100
E dison............................ 160 170
6 s,lm p .,cp .,’ 80M&N
P e w a b lo ................... 25
3
2%
N. Y. & H a rle m ___ 50 216 220
Edison Illum inating..
90 100
6s,bt&car,1913M &N
Quincy.......................25
71
70
N.Y.Lack.&West...lOO 105 105
United States................
31
39
7s,ht&car,1915M&N
R idge......................... 25
25% 25% 8usq.—6s,cp.,1918 J&J
N. Y.L.Erie& W est.100
United States HI. C o..
95
T a m a ra ck ................25 170 171
56% 58%
. do
Pref.100
T R U S T C O .’ S
7s. coup., 1 9 0 2 .. J&J
M A N U F A C T ’ IN G
37% 37% C A N A L S T O C K S .
N .Y. & N .England.lOO
S T O C K S , N .Y .
STOCKS.
____
do
Pref.100 113 114
Am. Loan & Trust.100 101 105
Chesapeake & D el. .50
Am.
Linen (Fall Riv,
850
N .Y .N H .& H artf.lG O 214 224
Del. & H u dson___ 100 108 108% Brooklyn Trust ...1 0 0 270 280
A m ory (N. H .)....... 100 1043: 105
15%
N .Y. Ont. «fewest.. 100
Central.................... 100 490
Del. D iv. le a se d ,8 ..5 0
Am
oskeag
(N.H.)
1000
185(
186<*
N. Y . Penn. & Ohio . . .
48% Farmers’ Loan & Tr.25 455
Lehigh N avigation..50 ; 48
A ndroscog’n (M e.).100 129% 130
do
Pref.
K n ick erbock er___ 100 136 142
80
Morris, guar., 4 ___ 100
A ppleton (M ass.). 1000 645 655
N. Y. Phil. & N orf.100
15
L ong I s la n d ......... 100
155 160
do p f.,g u a r.l0 ..1 0 0 200
A tlantic (M a ss.)... 100 107 3 108
N.Y.8usq.& W est’nlOO
8%
9
M
ercantile.........
....
.100
200
215
Pennsylvania...........50
B
arnaby (Fall R iv .)..
100 105
31
32
do
P ref.100
M etropolitan. . . ..1 0 0 170 175
Schuylkill N a v ....... 50
Barnard M fg. (F .R .).
85
3
N .Y. W est Shore & B . .
2
N. Y . Guar. & In d ..l0 0 115
do
do p re f. 50 § 5
Bates
(M
e.).
.
.
.
.
..1
0
0
1243 126
16
17
Norf.(fewest,, com .100
N. Y .L ife & Trust.100 575 590
JKISC’ L L A N B O C S
B
oott
Cot.
(Mass.)
lOOO
1335
1345
44%
44
do
pref.100
U
nion......................
100
500
BONDS.
Border City M fg. (F.R.) 130 135
79
No. P en n sy lv a n ia..50
A m .W at’rW .C o.,l8t,6s 102% 103% United States........ 100 555
Boston Co. (Mass.) 1000 1140 1 1 60
89’
90
Northern Central. . . 50
Canton(Balt.)6s,g., ’04
N
.Y
.
&
B
R
’
K
L
Y
N
Boston
B eltin g___100 157% 159
North’n N. H am p.100 '139% 140
Uu. R R .,ls t, end., 6s. 111 115
HORSE B B S.
Bost. D uck (Mass.)700 875 9 2 5
21
21% Col.Coal& Iron—1st,6s 101 % 101%
North’n P ac., c o m . 100
(See
L
ocal
Securities
in
Chace (Fall R iv.) .100
IOO
44% 4:5
„
do
P re f.1 0 0
Col & Hock. C. & I.,6s..
Chronicle each w’ k,
Chicopee (Mass.) . .100 109% 110
N orw.& Worcester, l o o 176 177
Cov.&Cin.Bge. 5s,3 -5 y 100 100 %
except first o f month.)
C ocheco (N .H .)....500 480 49 0
Ogd. & L. Champ. 100
10
13
5s, 5 y ears........M&8 101
GAS STO CK S.
Collins Co. (C on n.).. 10
7%
8
Ohio & M iss........... 100
2 2 % 23% H end’ n Bridge6s, 1931 107
Balt. Consol. G a s.. . . . .
57% 57% Continental (M e.). 100
36
36 %
89
n t l do
P ref.1 0 0 Î 87
Or. Im p., 1st, 6s. 1910
98% 98% Boston G a s lig h t...500 890 900
Cres’t
Mills
(F.
R.)
100
70
75
Ohio Southern....... 100
11
13
Oreg.R. & N. 1st.6s, J&J It 9% 109% East B oston _______ 25
37
40
Crystal Spr. B1.(F.R.).
50
Old C olony............i o o 174 174%
D ebenture 7s, 1888.
R o x b u r y ............... 100
D avol Mills (F. R.) 100
40
Oregon Short LinelOO
17% 18
Con. 5s 1925 J .& D .. ” 9 9 ’ "99% South B oston ........ 100 115
120
Dougl’s A x e (Mass)lOO
70
70%
Oregon Trans-Cont 100
20% 21
Ocean SS.Co., 1st guar. 102% 104
Brookline, M ass... 100 103% 104
Dwight (M ass.). . 500 730 740
Oswego & 8yr., gu. 50
St. L. Bridge & Tun—
Cambridge, M ass.. 100 171
172
Everett (M ass.)... 100
68
69
Pennsylvania R R . .50 § 53% 54%
1st, 7s, g, 19 29.A&O Í135 139
Chelsea,
M
ass.......
100
112
112%
F. R . M achine C o .. 100
Pensacola & A tla n tic..
6
8
87
85
Tenu.C.&I.—T ’nn D.6s
Dorchester, M ass.. 100 106 109
F. R. Merino C o ...100
Peoria Deo. & E v ..l0 0
18% 19
Bir. D iv. 1st, 6s, 1917
86 % Jam aica P l’n,MasslOO 156 158
86
Flint M ills (F. R.) 100 »do* i*04**
P etersbu rg............ i o o
64% 65
M IS C E L L A N E O U S
Lawrence, M ass. ..1 0 0 129% 130
Franklin (M e .).... 100
£0
90%
Phlla. & E r ie ...... ". .50
28
S
T
O
C
K
S
.
L
ow
ell.....................100
197
193
Gl’ be Y.M ills(F.R .)100 116
P jdl. Germ. & N o r ..50 Si 20
Amer. Bank Note C o..
35
Lynn, Mass., G. L..100 114
116
Granite
(F
.R
.)___
1000
24Ó
64%
65%
PMla. (feRead. ass.pd. 50
Amer.Cotton Oil trusts 30% 30% Maid. & M elrose.. . 100 103
106
Great F alls (N. H .)100
90% 90 %
do
P re f----- 50
9% Newton & W at’n ..1 0 0 136 140
Aspinwall L a n d .... 10
9%
Hamilton (Mass.) 1000 785 790
PM la. W ilm .A B alt.50 § 65
Boston Land.............10
8
% Salem, M a ss.,....... 100 108 110
8
Hartf. Carpet (Ct.)lOO 183 190
Pitts. Cin. & St. L-..50 5 9
12
Boston W ater P o w e r ..
8 % Brooklyn, L. 1.........25 100 103
8
a m (M e)................. 100
77
79
Pitts. & Con., l ’ sed.50
........ Brookline (Mass.)L’d 5
5% Citizens’ , B rook ly n .20
5%
50
55
Holyoke W .Power.lOG 216
Pitts.Ft.W.(& C.,guar.7 15*3*
Canton Co. (B alt.). 100
48
46
M
etropolitan,
B
’k
lyn
.
75
80
Jackson.
(N.
H
.)..1
0
0
0
OuO
1005
Pittsb. & Western ..5 0 ......... 16% Cev. & Cin. Bridge, pf. 210
Nassau, B rooklyn ..2 5 100
102
iin g Philip (F. R.) 100
106
'■ do.
Pr< f .. .5 0
East Boston Land.
7
6%
People’s, B rooklyn . 10
65
67
Laconia (M e)..........400 460 465
Port.Saco &Ports,l8d 6 120 1*2*0 % Frenchman’s B ay L d.
9%
9% WilUamsb’g, B ’klyn 50 119 122
Lancaster M . (N. H) 400 575 380
P ort R oyal & Augusta
2
Keeley M otor..............
*6's
Charlest’n,S.C.,Gas.25
20
32
L’rel Lake Mills (F. R.> 90
Ports. Gt.F.& C on.lO o 113 115
12
Manh’tt’n B ’ch Co.100
10
Chicago G.& Coke.IOC 2*10
Lawrence (Mass.)lOOO 1500 1540
Bens. & S aratoga.. 100 165 168
M averick Land___ 10
3
3%
Chicago
Gas
T
ru
st___
36%
35%
700
Lowell (M ass)....... 690
703
Rich. & A lleg., ass. pd.
0
12
95
92
N.E.M tg.Secur.iBost.,
Cincinnati G. & C o k e . 178% 179
Lowell B leachery.200 143
L44
Rich. F. & P ., co m .100 120
N. Hampshire Land 25
35c 50c. Hartford, Ct., G. L..25
24
Lowell M aoh.8hop.500 700 705
do
Guar. 7.1 00 150
N .Y.& Tex.Ld.,Lim . 50
Jersey C.& H obok’n 2 0 160
Lym anM . (M ass.). 100, 67% 68
do
do 6.1 00 125
Land s c r i p ................
People’s, Jersey C.
70
Manchester (N.H.) 100 144% L45
R ichm ond & P ’b ’g.100 108
50
51
Oregon Im provem ent.
Louisville G. L ___
119 121
vlass. C otton....... 1000 0 U0
L020
Rich. & West Point ICO 23% 24
94
93
Oregon Ry.& N .Co. 100
Milwaukee
G
a
s
....
Mechanics’ (F. R .) 100
85
88
do P r e f-...1 0 o
6 0 % 60% Pacific Mail SS. Co.100
34% 35% Central o f N. Y ....... 50
6u
Merchants’
(F.
R.)
100
L10
105
R ichm ond Y orkR .& C
95
Philadel. Co. Nat. Gas. 104 105
Consolidated, N.Y.100
75% 76
vlerrimack(Mass) 1000 1150 L160
Rom e & D e ca tu r....
Puilm’n P ala ce CarlOO 140% 142
Equitable, N. Y ............ 106 112
Metacomet (F.R.) .100
R om e W. & O g d ... 100
84
86
;San Diego L aud .,____
47% 47% Mutual o f N. Y ___ 100
90
92% Middlesex (M ass.). 100 165
175
R u tla n d ............
io o
4%
5
St.Louis B ’d g e ,lst pref 105 107
N.
Orleans
G.
L
.
..1
0
0
82%
8
3
<
(arragans’tt(F . R,) 100
87
90
_ do
P ref., 7 . .100
37% 40
2d pref. certificates. •51
53
Portland, M e., G. L .5 0
63
70
Mashua (N. H .)___ 500 520
525
St. Jos.& G’d Isl’ d.100
St.Louis Tunnel R R .. £106 110
St. L ouis Gas T r ... 100
65
67% STaumkeag (M ass.)lOJ 101
.03
St.Louis Alt. & T.H .100 *35
39** j!St. Louis Transfer Co.
70
80
Laclede, St. L ouis. 100 118
N. E . Glass (Mass.)375
85
95
do
P ref.1 0 0
....... 1Union St’k*Yds.&Tr.Co 101
75
San F rancisco G a s . . . .
57% 58% N ew m arket...........500 305
115
St. L. Ark.&.TexaslOO
13
13 „flWest End Land (Bost.)
26% Wash’tou C ity G . L .2 0
26
36
36% Pacific (M a ss.)... 1000 1550 L560
B E . STO CK S.
.
P rice nom inal; no late transactions.
t Purchaser also pays acoruediuterest.
Î In L öndon.
§ Q aotatio
per share.
THE CHRONICLE.
286
GENERAL
Q U O T A T IO N S
OF
STOCKS
AND
F o r E x p la n a t io n s See N otes at H e a l o f F irst
M an u fac ’ ing Stocks
Bid.
Ask.
B ank St o c k s .
Bid. Ask.
[ V o l . X I V I,
BON D S— C o n c l u d e d .
P * » e o f Q u o ta tio n s .
B ank St o c k s .
Bid.
Ask.
I nsurance St o c k s .
Bid.
Ask.
H a r tfo r d ) C o n n .
Oriental.....................25
11C0 1105 Continental N a t ...100 115 120
Pacific....................... 50
¿Etna F ire ...............100 245
First N a t io n a l.....100 245
120
P ocasset «F. R . j .. .100
Park........................
100
C
on n ecticu t...........100 111
170
110
Fort Dearborn N at___ 104%
£0
75
R ich . B ord’n(F.R.) 100
H a rtford ..................100 281
People’s .....................25
Hide and L eath er.100 140
95
R obeson (F. R iv.) 1000
P
henix.......................20
N
ational...............1 0 0 130
Sagam ore (F. Riv.) 100 110 112% M erchants’ N a t.. .10 0 360
79%
Produce Exchange 100
O rient............. ........ 100
M etropolitan N at. 100 165
Salm on Falls(N.H. )300 242% 243
Phoenix....................
100 188
140
R epublic................. 100
Nat. Bk. o f A m e r.,1 0 0 137%
30
25
8andw .G lass(M ass.)80
100
Steam
B
oiler............50
Second
National..IOC
225
90
Nat.
B
’k
o
f
Illinois.100
185
85
S h ove (Fall R iv .). 100
125
Seventh W ard....... 100
L ondon) Eng.
Northwestern N at. 100 800
60
55
Slade (Fall R iv .).. 100
Com m ercial U nion. £ 5
i ‘75’ Shoe & Leather___ 100
Union N ational___100 170
Stafford (F allR iv.) 100
Guardian..................5 0
St. N icholas............ 100
Stark M ills (N.H.) 1000 1120 1125 Un.Stock Y ’ ds N at.100 ......... 200
State of N. Y .......... 100
Im perial F ire ...........25
105
C in c in n a ti.
Tecumseh (F. R .). 100
Lancashire F. & L ..2 5
Tradesmen’s ............ 40
T horndike (Mass.) 1000 1060 1100 Atlas N ational.......................... ICO
100
London Ass.Corp.12%
United
States
N
at.100
1*0
Cincinnati N ational.................
T rem on t# 8. (Mass)100 x l l 7
95%
Liv. & Lond. & G lobe.2
Western N ation al. . .
Citizens’ N ational....... 175 180
T ro y C. & W .(F.R.) 500
North’n
F ire & L ife ..5
P
h
i
l
a
d
e
l
p
h
i
a
.
§
107
230
Commercial B ank....... l<-4
U nion C.MI. (F.R.) 100
N orth B rit. & M er. 8%
B’k o f N. A m erica . 100
Equitable N ation al................. 145
W am panoag(F.R.) 100 105
Queen
Fire
& L ife .. .1
275
Centennial
N
a
t....1
0
0
100
First N ational.............. 270
W ashin g t’n(Mass.)100
R oyal Insurance........ 3
City N ational...........50
Fourth N ational..................... . 180
W eed Hew. M ’ e (Ct.)25
N
e
w
O
r
le a n s .
Com
m
ercial
N
at___50
145
55
German N ation a l....................
W eetam oe (F. R .)100
Crescent M utual ..1 0 0
Commonwealth Nat 50
41% 45% Market N ational...................... 95
W illim ’tic Linen(Ct)25
fa
c
t
o
r
s
’
and
T r . ..l 0 0
Consolidation
N
a
t
..30
140
M erchants’ N ational.. 139
Y ork Co. (M e.).......750 9s5 990
64
64% Firem en’s .............. 50
C om E xch an ge Nat.50
N a t.L a i.& B k .o f Com.} 255 280
B A N K STOCKS.
Germ
ania...........
.100
35
Eighth N a t............100
Ohio V alley Nat’l . . . .
130
B a ltim o r e .
242
H ibernia..................100
h7% First N at................ 100
Queen City N ational..
t>7
Bank o f Baltim ore 100
141
170
77
H
om
e.......................
100
Farmers’&Mech.N.lOO
Second N a tio n a l......... 196 210
Bank o f Com m erce. 15
16
H ope.........................100
Fourth St. Nat’l....100 110
40
Third N ational............ 140
Citizens’ .....................10
19^4 20
L a fa yette............... 50
in depen dence........ lOu
Western German Bank 200 ¿25
Com. & Farm ers’ .. 100 129 133
58
M erchants’ Mutual 1 °0
Girard N a tion a l___ 40
H a r tfo r d .
F arm ers’ B ’k o f M d.30
32
110
M echanics’ & T r ... 100
Kensington N at.......50 100
Farm ers’ & M e rck ..40
58% »Etna N at............... 100 1°1%
New
Orl’s
Ins.
A
ss’n
30
Keystone
Nat’l
........
50
American N at........ 50
6 ’>
F arm ers’& Planters’25
44% 46
New Orl’ s Ins. C o .. 50
Manufact’ r’rs’ Nat. 100
Charter Oak N a t..100 101%
First Nat. o f B alt. .100 124 127
Sun M utual.......... 1 '0
95
M echanics’ N a t ....100
90
C i t y ... ... .............. 100
F ranklin....................60
92
93
Southern......... .
100
M erchants’ Nat
Connecticut R iver 50 49
Germ an A m erican___ 100
Teutonia.................. 1O0 118
Nat. B ’k C om m erce.50
H o w a rd .......................1
11% 12% Far. & Meek. N at. 100 101% 98
N ew Y o rk .
Nat.B’k G erm ant’n .5 0
First N at................100 . . . . .
M a r in e ......................30 , 3S%
A llian ce................ 1000 140 150
Nat.B’kN. L iberties 50
160
Hartford N at.........100 153
M eehan' cs’ ................ 10 1 12% 13
162
A m erica n ................. 50 140 160
93
Nat. B ’k R ep u b lic. .100
M ercantile N at— 100 . . . . .
M erchant i’ ..............100
132
B
ow ery ...................... 25 13 ) 140
64
National Security. 100
National E xch an ge. 50 57
N ation u E x ch ’ge. 100
128
78
B
r o a d w a y ................ 25 150 170
128
Penn
N
ational.........50
Phoenix N at...........100
P eop le’s..................... 2.
20
19
250
B
rook lyn ................ -.17 110 120
Philadelphia N a t..100
95
91
S e c o i l National ..1 0 ( 150
S tate....... ................ 100
Citizens’
.................... 20 110 120
Second
N
at............
100
250
United S ta te s....... 100
T hird Nationa1..„.10< 110%
C ity ............* . . . . . . . » 7 0 115. 120
3eventk N at...........100
L o u is v ille .
U n io n .......................75
82
80
95
C
linton.....................100
121
120
Sixth
N
a
t
.
.
.
.
.
.
.
.
.
.
100
W estern .................... 20
30
31% B ’n k o f Com m erce.......
80 ICO
Comm onwealth. ..1 0 0
162
Spring G a r d e n ___100
Bank o f KentuckylOO 161
B oston .
175
200
C
on
tin
en
ta
l...........100
90
91
Southwark N at....... 50
A tla n tic..................1 0 0 129% 130% Bank o f LouisvillelOO
E agle.......................... 40 225 240
118
Tenth Nat. B an k........
A tla s................. ..1 0 0 117 117% Citizens’ N ational.100 116
85 100
E m pire C ity ...........100
Third N at................100
B la ck sto n e ............. 100 106 106% ility N at................. 100 115 117
90
110
E xch an ge.................. 30
Western N a t .......... 50
B oston N at............. 10C 121% 122
Falls C ity TobaccolOO 106 10 7
100
110
F arragut....................50
West Pbiladelphia.100
B bylston.................. 10C 130% 131
Farmers’ o f K y ...1 0 0 109 114
70
100
Fiie
A
ssociation
..1
0
0
104
102
P
o
r
t
l
a
n
d
»
H
e
.
B r o a d w a y .............. 100 102
Farmers’ & D rov.-lO O
85
50
80
51
Firem en’s ..................17
Cumberland N at.. .40
B anker H ill........... 100 184 187
First N at..................100 170 171
290
305
160
158
German-Am
erican
100
125
128
Canal
N
at................100
C e n tr a l...................100 128 131
German Ins. Co.’ s. 100
145
150
146
148
G erm ania.................. 50
Casco Nat................100
C ity ...........................100 103 104
G e rm a n .................. 100 139 141
G lobe..........................50 110 125
First N at................. 100 116 118
Colum bian............... 100 127 127% German N ational. 100 140 142
123
G reenw ich................ 25 1^0 215
131
Merchants’ N at....... 75 121
C o m m e rce ............. 10C L20% 121
K entucky N at....... 100 130
50
70
138
140
G uardian.................100
255
¿57
National
Traders’
.
100
Comm onw ja l t h . . . 100 136% 137
Louisv. Banking Co.40i
H am ilton.................. 15 100 110
R ic h m o n d ) V a
C on tin e n ta l...........100 119 120
M asonic................... 100 135 137
125
1*0
29
30
H
anover....
................50
142
143
City B ank............... 25
E 9 g le........................100 104% 105
M erchants’ N at. ..1 0 0
H o m e ..................... 100 1-25 130
126
First Nat................ 100 11-5
E lio t......................... 1001 129 129% Northern of K y ...1 0 0 124
60
55
H ow ard ......................40
Merchants’ N a t ...100 125
E v e re tt....................IOC 95
97
People’s B an k.............. 110 120
Jefferson....................30 105 110
117
N at.B k ofVirginialOO 104
E x c h a n g e .............. 100 125% 126
Second N at............. 100 116
190
170
145
Kings
Co.
(B’
klyn)
.20
170
Planters’ Nat.........100
Faneuil H a ll..........100 140
141
Security................... 100 169
70
80
K n ickerbocker........ 30
140
State Bank of V a.100 117
F irst National....... 100 1 220 230
Third N a tion al-----100 138
90
70
Lafayette (B’klyn) .50
11)
S t. L o u i s .
F irst W ard.............100 128 132
W e s te r n ................. 100 117
80 100
460
L
iberty....................
100
B’k
of
Comm
erce.
.100
Fourth N ational.. 100 111
111%
N e w O r le a n s .
90 100
L ong Isl’d (B ’klyn) .50
9% 10
C om m ercial...........100 320
92
Freem ans’ .............. 100
95
Bank o f C om m erce....
Manuf. & B uilders’ 10G 110 125
Continental............100 160
93
G lob e........................100
94
Canal & B an king.. 100 145 154
80
70
175
M echanics’ (B’ klyn) 50
60
Franklin..................100
H am ilton................ 100) 124% 125
Citizens’ ...................100 57
65
55
M ercantile................ 50
Fourth N a tio n a l.. 100 260
H id e & L eather ...1 0 03 114% 115
Germania N at....... 100 159 162
80
74
90 100
Merchants’ ................50
H ow a rd ................... 1003 107 103
Hibernia N a t.. . . . . 100 150 158% International........ 100
86
8
J
128
Montauk
(B’k
ly
u
)..
50
1
3
)
158
M echanics’ ..............100
L i c o in ....................1003 110 110% Louisiana N at.. ..1 0 0 150
40
130
97%
Nassau (B’k l y n ) ....50
M etropolitan.........100 116 119% M erchants’ N a t . . . 100
M anufacturers’ .. .1001 91% 96
105
90
130
N
ational.................
37%
St. Louis National.100
) 90
M arket____ ...,1 0 0
10% Mutual N at............. 100 125 129
i5
0
N. Y . E qu itable....... 3f 140
Third National-----100 109 110
M arket(B righton). 100) 142 142% Sew Orleans N at.. 100 515
75
65
New Y ork F ir e ....lO i
San F r a n c is c o .
People’s..................... 50 62% 63%
M assach usetts___ 2500 102 103
,
45
56
Niagara......................50 140
60
An?; lc-Cal ifornlan.......
M a v erick ................ 1000 22¿% 226
State N at..............lOOx 106% 108
100
90
198 203% North R iv er.............. 25
Bank of California—
150
M echanics’ (So. B.) 1003 140
Union N at............. .100 109 110
124%
P acific................... ..-2Ej 146 i7 0
127
First
Nat.
G
o
ld
...
.100
97%
M erchandise..........1000 97
N ew Y o rk .
70
50
P ark ......................... 10(|
173
P a c ific .......................... 160
M erchants’ ............ 100 139% 140
A m erica............. 100
Peter C ooper...........2(1 156 165
140
F I R E IN S U R ’ CE
M etropolitan......... 100 117% 118
American E x ch ’irelOO
95
85
P eople’ s..................... 5(
STOCKS.
M onu m en t............ 100 220 225
Asbury Park N at. 100 100
10 ) 102
Phenix (B’ kiyn) — 5
R a ltim o r e .
M t. V ernon............ 100 133 134
B roadw ay............ 25 250 265
.4
0
125
R utgers’ ................... .2;^
D n + nl> Q tiof Vt T
lr A i r n r a O
162%
Associate Firem en’s .5
N ew E nglan d....... 100 151% 152
Butchers’#
Drovers25
102
Standard................... 5<? 95
27
N prth............ ..........100 132% 233
Central N ational ..1 0 0 130 137*
tO
70
Sterling.......... .........10c
18
e.1 8
North A m e r ic a .... 100 110 11 ■ Chase National ...1 0 0 220
U5
Stuy v esan t...............25 100
5%
62% 62% Chatham.......... ....2 5 225
O ld B oston ................ 50
50
United States..........2o, ’ 40
3400
4
..1
0
4000
P eople’ s . . . ; . ......... 100 162 163
Chem ical......... . ..1 0 0
40
1
oO
W
estchester..............10
3%
..10
R é d e m p tio n ........ .100 127% 12S
C ity.......................... 100 300
Williamsburg C ity ..5- -.60 285
R oston .
R èp u blic.................. 100 140% 141
Citizens ....................25 140 150
120
.100 115
R e v e re .................... 100 126 126% Com m erce...............100 167 169
.100 139 139%
R o c k la n d ................100 148% 148% C on tin en ta l...........100 124 128
»5
93
.100
S econd N at............. 100 153 154
C om E xch an ge . . . 100 195
91
90
.100
185 195
S ecurity............1 0 0
East R iv e r ................ 25 130
P R IC E S
OF
EXCHANGE
.100 126 126%
Shaw nnit.................100 124% 125
Eleventh W ard....... 25 150
M E M B E R S H IP S .
184
17
JO
182
.100
Shoe & L eath er....1 0 0 100% 101
First N ational....... 100
40
40%
133
Manuf acturers’ . .100
S ta te ........................ l o o 116 116% Fourth N ational. . . 100 138
.100 115 117
Suffolk......................100 115% 116
F ulton..............
30 160
_ $ ______
[.100 127% 129
T hird N at................100 l t 0 % 100 % Fifth A ven u e.........100 800
89
87
.100
T raders’ , ....... ........ 100 9 .% 93
Gallatin N ational ..5 0 20O
9.000 bid.
N.Y.
S
tock......................
250
100
98
.100
T rem on t.................. 100 102% 103
Garfield......... ......... 100
Last sa’ e, Feb. 28 1 00
100
98
. 10c
U n io n ......... ............100 141% 142
German A m erican. .75 113
*75 b id .
N.Y.Cousol.Stock& Pet.
99% 100
.100
W ashington............ 100 120% 121
G erm ania................100 200
Last sale, Mch. 1 ... 1.000
C in c in n a ti.
G reenw ich............. ..2 5 116
W ebster................... 100 103% 104
1,750
ask.
N .Y . Produce ...............
100
A m azon.......... . ........ 20
H anover.................. 100 185
B r o o k ly n .
Last sale, Feb. 2 8 .. l,7 i 0
111)
A urora....................... 20
B r o o k ly n ............... 100 145
Im porters’ & T r . ..l 0 0 328 315
1,450
ask.
N.Y. C o tto n ....................
148
Cincinnati................. 25
Irvin g .........................50 148
F irst N a t io n a l.,... 50 330
Las sale, Feb. ’ 8 8 .. 1,400
140
Citizens’ .....................20
Leather M anufts-.lOO 195
F u lton ..................... 40 167
650 bid.
N.Y. C o ffe e .... ............
Com m ercial.............. 25 230
M anhattan............... 50 ieo 161
C ity N a tio n a l........ 50 335
660
sale, Feb. 2 8 ..
iöo R’l Last
E agle........................ 100
M arket.....................100 170
C om m e rcia l........... 60 150
1,300 ask.
Eat. Exch &Auc.K’m
166
60
70
170
E nterprise.................20
L o n g Islan d ........... 100 118
M echanics’ ................25
Last sale, Feb. 2 9 ... 1,110
E ureka....................... 20 220
M echanics’ & T r .. .25 145
M anufacturers’ ............ 150
Boston S t o c k ................. 13,500 bid.
8*5
Farmers’ Ins. C o ...20
M e rca n tile . . . . ___ 100 145
M echanics’ ............. 50 225
Last sale, Feb. 24. 14,000
100
142
F idelity....................100
N assau.....................100 2*0
M erchants’ . ............. 50 138
Philadelphia Stock....... “2,600 ask.
152
Firem en’ s . . . . ........... 20
M erchants’ E xoh’ e 50 115 120
C h a r le s to n .
Last sale, Feb. 2 7 .. 2,600
22
93 101
21
G erm ania.................. 20
M etro p o lita n . . . . . 100
B ’k o f Chas.(NBA) 100 134
Chicago B oard o f Trade 1,800 ask.
101
G lobe................ . . . . . . 2 0
F irst Nat. Chaa.. .100 2o5
Nassau....................... 50 152 155
1,890
Last sale, Feb. 25 .
217%
M erchants’ # M anuf 20
P eople’ s N ational. 100 200
New Y o r k ...............100 215
90
125
Miami V alley ........... 50
N. Y . Nat. E xoh’gelOO
C h ic a g o .
N ational.................. 100 150 160
Am erican E xch. N at..
110 INew Y ork C ounty. 100 200
100
Atlas N a tio n a l.......... 118
S e c u r ity ....... - ........ 100
¡Ninth N a tio n a l.... 100 130 140
ISO
125
W ashington...............20
C hicago N at...........100 170
North A m erica . . . . 70
171
Ì.4Ò" W estern ..................... 25
Com m erci al N at. . . 100 175
¡North R iv e r ..............30
’ Price nominai; no late transactions.
f Last price this week.
§ Quotations per share.
THE CHRONICLE.
M a r c h 3, 1888.]
I tin e s ir a e n l
AND
R oads .
28T
Latest E arnings Reported.
Week or Ho
1887-8.
1886-7.
Jan. 1 to Latest Date_
1887-8.
1886-7.
$
$
K n oxv . & Ohio . December.
39.890
34,838
a ilr x r a d
I n t e llig e n t e .
Lake E. & W est. 3d
w k Feb 37,564
33,256
249,653
245,578
Lehigh & H u d ... January..
17,068
20,912
17,068
20,912
L. R ock & Mem. 3d
w k Feb 17.103
18,394
1 1 5 ,2 -0
13 6,65 8
The I n v e s t o r s ’ S u p p l e m e n t contains a complete exhibit oj Long I s la n d ..... 4th w k Feb 33,221 25.518 349,276 31 2,54 1
Lou. & Mo. R iv.. November.
50,267
52,472
550,638
507,261
the Funded Debt of States and Cities and of the Stocks and Louis.E v.& St.L. 3d w k Feb 21,6431 17,391
136,957
114,647
N ashv. 3d wk Feb 309,650 289.470 2,227,947 2,101,284
JBonds of Railroads and other Companies. It is published Louisv.&
Lou.N.A. & Chic. 3d
w k Feb 36,340
38,281
241,908
242,363
on the last Saturday of every other month— viz., January, L ouisv.N .O .& T . 3d w k Feb] 52,771] 43,444 393.282 347.522
V alley. January...
99,342
46,924
99.342
46 ,824
March, May, July, September and November, and is fur Lykens
Mar. Col. & N o.. December
6,773
4,613
64.342
M
ar.H
ou
gh
.&
0.
3d
w
k
Jan
8,317
5,260
24.757
15,721
nished without extra charge to all regular subscribers of the Memphis &Chas. 3d w k Feb 39,296 32,027
274,233
25 8,155
C h r o n ic l e .
Extra copies are sold to subscribers of the ‘ M exican Cent 3d wk Feb 110,000 100,023 843,600 705,644
•Mex. N. (allIns) January... 147,960 140,991
147,960
140,991
C h r o n ic l e at 50 cents each, and to others at $1 per copy,
Mil.L.Sh.&West 4th w k Feb
36,796
43,983
277, ( 59
30 1,43 0
Milwaukee & No. 3d wk Feb
17,370
15,955
111.440
11 1,45 5
M inneap.&St.L. January.
81,000 117,845
81,000
117,845
Min.St.Ste.M&A Decem ber.
23,933
15,690
190,478
92,709
M obile & O h io . February.. 207,847 200,498
409,965
436,51 R
Nash. Ch.&St.L. January... 270,806 242,094
270,806
242,094
15,255
15,641
Gross Earnings to Latest Dates.— The latest railroad earn. NatchezJac.&C January...
15,255
15,641
New Brunswick. D ecem ber.
65,568
64,164
816,443
805,067
Ings and the totals from Jan. 1 to latest date are given below N.Y. C en.& H .R . January... 2,716,704 2,714,710 2,716,704 2,714,710
L .E . & W January... 1,890,183 1,888,060 1,890,183 1,888,060
for all the railroad companies whose reports nan be ob cN.Y.
N.Y. & New Eng. January... 391,539 357,787
391,539
357,787
tained.
•
N.Y. Ont. & W ... 3d w k Feb
24,882
20,828
174,114
149,816
N.Y. Sus. & W ... January... 119,527
84,596
119,527
84,596
Norfolk & West 3d w k Feb
81,052
69,715
581,005
467.016
Latest E arnings Reported.
Jan. 1 to Latest D ate. N’theastm (S.C.) D ecem ber.
50,989
49,991
550,949
544,777
R o ad s.
N orthernCent’l. January... 452,441 514,948
452.441
514,948
Week or Mo 1887-8.
1886-7.
1887-8.
1886-7.
Northern Pacific 3d wk Feb 254,319 136,485 1,265,062
948.017
85,938
103,557
Ohio & M iss....... 3d w k Feb
543,132
560.836
$
Ohio
R
i
v
e
r
----3d
w
k
Feb
6,521
3,557
47,292
29.075
A llegheny V al. January...
155,155 148,091
155,155
148,091
59,186
53,476
59,186
53,47 Ô
A tch . T. & S. Fe. November. 1,657,078 1,719,355 16,965,412 14,459,378 Ohio Southern. January...
Oregon
Im
p.
Co
December.
371,205
264,470
4,167,707
2,999,483
A tlanta & Char. Decem ber. 120,628 104,411 1,319,377 1,158,504
Oreg. R .& N .C o. December. 539,849 403,152 5,376,258
A tlanta & W. P t.. January...
41,544
37,882
41,544
37,882 P enn sylvania... January... 4,193,979 3,851,771 4,193,979 5,344,962
3,851,771
A tlantic & P a c .. 3d wk Feb
54,438
52,231
375,793
356,795 Penn. Company.
Balt. & Potom ac January... 122,498 107,127
122.498
107,127
No.
West.
sys.
Decem
ber
1,585,696
1,350,956
18,532,322
15,469,215
B eech C re e k ___December
97,352
58,789
786,823
609,096
So. West. sys.. December. 1,287,937 1,166,064 14,362,552 12,002,449
Buff.Roch.& Pitt 3d wk Feb
36,114
32,932
253,308
222,242 PeoriaDec.&EV. 3d w k Feb
13.700
14,400
Bur.C.Rap.& N o. 3d w k Feb
56,110
48,734
373,029
364,641 Phi la. & E rie___ January...
223,744 260,052
223.744
260,052
Cairo V. & Chic 3d w k Feb
16,018
14,355
97,151
96,783 tPhila. & Read’g. 'January...
930,240
1,570,821
930,240 1,570,821
Cal. Southern... 3d w k Feb
44,141
280,107
Coal & Iron Co. 'January...
332,827
1,037,750
332,827
1,037,750
Camden & A tl’ c January...
32,934
29,843
32,934
29,843
Tot.bothCo’ s . . 'January... 1,263,068 2,608,571 1,263,068 2,608,571
Canadian Pacific 3d w k Feb 181,000 119,000 1,373,205 1,017,493 Pitts.
& West’m .j 3d w k Feb
30.069
30,500
228,340
244,6.05
C p.F ’r &Yad. Val January...
27,920
20,713
27,920
20,713 P ’rtR oyal &Aug. 'Decem ber
27,544
22.510
320,404
305,675
Carolina C e n t... December.
48,695
46,219
Pt. R ’al& W.Car. December
36,723
27,366
Central o f G a ... 3d wk Feb 130,311 100,750 1,036,557
824,408 R& W. P. Ter.C o Central Io w a
January...
99,745 109,446
99,745
109,446
Rich. & D anv 3d w k Feb 113,200 103,525
727,684
652,364
Central o f N. J . December. 974,880 995,925 11,528,588 10,742,892
Va. Mid. D iv .. 3d w k Feb
30.700
26.400
220.507
189,531
Central P a cific.. November. 1,307,442 964,132 12,498,085 10,904,835
C.
C,
&
A.
Div.
3d
w
k
Feb
24,00
>
i
3,4
50
155.507
134,526
Central o f S. C. December
8,937
7,672
Col. & Gr. Div. 3d w k Feb
21,300
18,500
121,564
102,783
Charlest’n &Sav December
49,557
49,814
495,762
482,895
West.
N.
C.
Div
3d
wk
Feb
14.700
13.400
97,549
90,824
C h esh ire.......... December.
49,155
50,841
654,932
630,703
W. O. & W.Div. 3d w k Feb
1,935
1,235
13,470
12,297
Cheraw & D ari. December.
8,761
6,681
Ash.
&
Sp.
Div.
3d
w
k
Feb
2,175
775
14,499
5,315
Chesap. & Ohio. November. 393,171 358,551 4,080,399 3*755",867
Total a l l . . . . 3d wk Feb 208,010 187,285 1,342.581 1,184,625
Eliz.Lex.&B.S. December.
99,3*1
80,846 1,115,073
937,528 Rom e W. & O g .. January..
212,446 184,576
212,446
184,576
Ches. O. & S. W .. January..
160,759 145,600
160,759
145,600 ITSt.L.Alt. &T.H. 3d w k Feb
32,891
36,805
265,179
271,919
Ches. & L enoir.. December.
6,808
5,414
B ranches........ 3d wk Feb
18,340
17,344
133,216
125,497
Chic. & A lto n ... Decem ber. 746,599 737,121 8,941,386 8,060,640
St.L. Ark. & Tex;. 3d w k Feb
57.070
41,159
377,:’
81
2
8 9.Ì01
Chic. & Atlantic 3d w k Feb
36,638
38,957
246,389
255,425 St.L.& San Fran. 3 d w k Feb
94,167
97,708
656,963
655,965
Chic. Burl. &No. December. 141,998 149,296 2,276,198
18,075
19,659
1 2 ' «5 4
157,834
Chic. Burl. & Q .. December. 2,163,388 2,368,432 27,576,078 26,728,408 St.Paul&Duluth 3d w k F e b
St. P. Min. & Man. January... 482,421 459,251
482,4:21
459,251
Chic. & East. 111. 3d w k Feb
41,561
33,267
277,263
258,885 S.Ant.&Ar.Pass. 2d w k Jan
17,820
34,781
Chic. & Ind. Coal 3d wk Feb
11,149
7,817
76,401
50,400 Scioto V alley__ ,December.
62,901
61,037
789,124
68 1,37 6
Chic. Mil. & St.P. 3d w k Feb 382,000 368,134 2,553,000 2,544,291
67,486
54,693
Chic. & N’thw’n . January,. 1,571,289 1,723,173 1,571,289 1,723,173 Seab’rd & R oan .D ecem ber
ShenandoahVal. 'January...
51,100
57,288
51,100
57 ,288
Chic. & Oh. Riv-. January..
3,274
6,631
3,274
6,631 South C arolina... 'Decem ber. 122,898
97,949 1,217,392 1,120,060
Chic. St.L.&Pitts January..
452,716 446,385
452,716
446,385 So. Pacific Co.— |
Chic. St.P. &K.C. 1st w k Feb
31,576
18,7'/ 8
153,438
100,823
Gal.Har.&S.A. December. 314,878 246,670 3,347.184 2,599,463
Chic. St.P.jVL&O. January..
324,888 371,459
324,888
371,459
Louis’a W est.. December.
77,846
66,061
843,794
644,688
Chic. & W. Mich. 3d w k Feb
24,007
23,991
149,229
153,161
Morgan’
s L&T. December. 620,732 484,833 4,684,259 4,185,437
On.Ind.St.L.& C. January..
203,392 216,168
203,392
216,168
N. Y. T. & Mex. December.
15,536
14,0731
170,526
158.858
Cin. Jack. & Mac. 3d w k Feb
8,362
7,550
57,285
48,425
Tex. &N. O rl..'D ecem ber. 119,126 102,154 1,267,563
99 8,16 9
Cin. N. O. & T. P. 3d wk Feb
62,324
59,016
462,694
443,480
Atlan’ c system December. 1,148,119 913,792 10,313,408 8,586,617
A la. Gt. South. 3d wk Feb
29,475
29,499
226.144
217,297
Pacific system D ecem ber. 2,402,977 1,990,754 27,055,799 23Ì523;54Ì
N. Orl. & N. E . 3d wk Feb
14,456
13,777
123,036
106,380
Total or a ll.. Decem ber. 3,551,096 2,904^546 37^369^205 32,110.158
Vicksb. & Mer. 3d w k Feb
9,339
11,034
75.437
85,812 So. Pac. R R .—
Vicks. Sh. & P . 3d w k Feb
8,951
10,262
77,166
93,117
No. Div. (Cal.) (November. 142,765 166,217 1,590,163 1,501,638
E rlanger Syst 3d w k Feb 124,545 123,588
964,477
946,086
So. D iv. (Cal.) INovember. 465,903 342,848 3,885,483 2,985,881
Cin.Rich.&Ft.W. 3d wk Feb
8,011
7,636
52.438
47,479
Arizona D iv .. November. 169,176 134,348 1,521,815 1,395,676
Cin. Bel. & M ob.. January.
9,747
10,297
9,747
10,297
New
Mex. Div'N ovem ber.
59,202
55,900
635,799
607,983
Cin. & Spring’d January..
85,239
85,610
85,610 Spar. U11. & Col. December.
85.239
8,191
8,177
77,954
81,793
Cin. Wash. &Balt. 3d w k Feb
40,854
43,514
293,404
300,096 Statenls.R ap.Tr January...
42,883
40,628
42,883
40,628
Clev. A kron &Col 2d w k Feb
10,645
8,880
63,561
54,189 Sum m itBranch 'January... 156, «73
86,311
156,973
86,311
d e v . & Canton December
28,804
29,197
373,965
356,916 Texas & Pacific. (3d w k Feb 116,750 110,461
902,544
865,549
Clev. Col. C.& Ind January..
313,436 298,349
313,436
298,349 Tol. A. A. & N.M’h 3d wk Feb
11,712
10,341
79,796
62,519
d e v . & Marietta 3d w k Feb
5,291
5,364
41,454
42,076 Tol. & Ohio Cent. '3d wk Feb
23,602
20.189
182,301
147,320
Cceur d’A le n e ... December
16,181
Tol.
P.
&
W
est..
3d
wk
Feb
19,103
17,741
123,957
123,205
Col. & Cin. Mid . 3d w k Feb
5,522
6,060
40,252
47,405 Union P a cific... Decem ber. 2,243,872, 2,343,543 28,557,766 26,280,186
Col.Hock.V. & T. 3d w k Feb
47,261
52,536
346,234
380,738 Valley o f O hio.. November.
56,793
61,106
601,160
570,977
D env. & Rio Gr 3d w k Feb 130,500 134,800
942,270 Wab. W estern... 3d wk Feb
989,400
79,523 109,552
657,708
710,218
D env. & R. G. W. 3d w k Feb
20,075
18,575
120,484 Wab., E. o f Miss December. 546,796 589,546 6,901,587
145.150
6,791,215
D en. Tex.&Gulf. January..
22,871
13,890
13,890 Western o f Ala.. 1anuary..
22,871
49,440
45,474
49,440
45 ,474
D et.BayC.& Alp. January..
27,500
24,396
24,396 W estN. Y .& P a . 3 d w k Feb
27,500
56,500
51,300
373,059
32 3,909
Det.Lans’g& N o. 3d w k Feb
15,941
16,014
116,506 IWest Jersey___ January...
105.403
85,705
76,828
85,705
76
,828
DuluthS.S.&Atl. 3d w k Feb
14,347
13,265
124,121
84,586 Wil. Col. & A ug December
68,833
62,989
747,057
67 7,66 7
E.Tenn.Va.&Ga. 3d wk Feb 109,572
99,702
720,815 Wheeling & L. E. 3d w k Feb
811,508
18,033
13,295
121,594
92
,1
58
Evans. & Ind’plis 3d wk Feb
4,710
4,575
31,942 a W isconsin Cen. 3d w k Feb
29,315
57,116 . 45,106
395,196
35 3,07 9
E vansv. & T. H . 3d w k Feb
16,966
14,317
97,491
112,022
F lint & P. Marq. 3d w k Feb
46,545
46,416
299,137
326,937
t A nd branches.
* M exican currency.
Fla.R .& N av.C o. 3d w k Feb
24,925
26,803
165,051
161,028
Ft.W .& D en.C ity 3d w k Feb
17,800
9,712
118,015
66,468
c A fter deducting earnings paid over to leased roads operated on a per
Georgia P a c ific . 3d w k Feb
28,449
21,601
159,631
196.403
Gr. Rap. & Ind... 3d w k Feb
38,181
35,924
250,772 centage basis.
255,765
Other lines— 3d wk Feb
3,779
1,909
12,625
22,841
tN ot including Central o f N. J. in either year.
Grand T ru n k ... Wk.Feb.18 262,478 311,593 1,843,729 2,029,540
Gn.Bay W.&St.P December
25.885
446,852
if Including Ind. & St. Louis.
•
Hous.&Tex.Cen. 2 wks Feb
87,679
99,540
318,124
277,930
Humest’n&Shen December
17,420
16,564
160,852
161,761
a A ll lines included.
El.Cen. (111.& So) January... 888,905 959,948
959.948
888,905
Cedar F.& Min. IJannary...
5,990
7,857
7,857
5,990
Latest Gross Earnings by Weeks.—The latest week’ yDub.& Sioux C .'January...
56,781
60,638
56,781
60,638
Ia. Falls &S. C. January..
42,223
49,866
42,223
49.866 earnings in the foregoing table are separately summed tip
Ind. Bloom . & W. |4th w k Jan
52,042
58,9«>2
202,600
187,365
Ind. Dec. & Spr. January.
28,471
42,487
28,471
42,487 below.
Ind. & St. Louis 3d w k Feb
32,891
36.805
265,179
271,919
Jack. T. & K. W. [November.
35,492
38,624
402,173
252,459
Though there are 21 roads that show diminished earnings
K.C.Ft.8. &Gulf. 1st wk Feb
40,712
43,692
254,614
280,774
K an. C. Sp. &M. 1st wk Feb
32,152
31,954
174,242
199,387
for
the third week of February, yet there are 55 that report
Kan. C. Cl. & Sp 1st wk Feb
3,734
5,334
24,000
19.182
K entucky Cent January..
72,709
67,191
72,709
67,191
a
gain,
and the result on the whole body of roads is an in
eokuk & West. ,3d w k Feb
6*437
6.049
48,691
42,692
ngst’p & P em .3d w k Feb
2,362
1,995
18,1801
11,832 crease of 8’48 per cent over the same week in 1887.
RAILROAD EARNINGS.
{
HE CHRONICLE
288
3d week; o f February.
1888.
$
P rev’ly report’ d (13 roads) 1,144,390
54,438
A tlantic & P acific............
36,114
Buffalo R och. & Pittsburg.
56,110
B url. Cedar R . & N o r th ...
16,018
Cairo Yin. & C h ic .............
181,000
Canadian P a cific..............
130,311
Central o f G eorgia..........
36,638
Chicago & A tlantic
11,149
Chicago & Ind. C o a l.. . . . .
24,007
Chic. & W est M ich igan ...
8,362
C incinnati Jack. & Mack
62,324
Ctn. N. O. & Texas P a c ...
29,475
Alabam a Gt. Southern
14,456
N ew Orleans & N. E ___
9,339
V icksburg & M eridian ..
8,951
V icksburg Shrev. & Pac,
8,011
Cin. Rich. | F . W . . ..........
40,854
Cin. Wash. &. B a lt ....i...
5,291
Cleveland & M arietta.......
5,522
Col. & Cin. Midland ..J ...
47,261
Col. H ..Val. & Toledo J...
20,075
D en ver & R . Grande West
15,941
D etroit Bans. & N o rth ....
14,347
D uluth S. S. & A tla n tic...
109,572
E ast Tenn. Va. & G a........
46,545
F lint & P e re M arquette.
24,925
F lorida R y & N av............
17,800
F o rt W orth & Deny. City
28,449
Georgia P acific................
38,181
Grand Rapids & Indiana.
3,779
Other lines.....................
262,478
t Grand Trunk o f Canada
6,437
K eokuk & W e s te r n .........
2,362
K ingston & Pem broke . .
37,564
Bake Erie & W estern.......
17,103
lit t l e R ock & M em phis..
21,643
Louis v. Evansv. & St. L ..
309,650
Louisville & N ash ville...
36,340
Louisville N. A lb. & Chic
52,771
L ouisville N. O. & Texas .
39,296
M emphis & Charleston...
110,000
M exican Central___
17,370
24,882
85,938
Ohio & Mississippi.
6,521
Ohio R iver.
30,069
P ittsburg & W estern....... .
113,200
R ichm ond & D a n v ille ___
30.70C
V irginia Mid. D iv ......... .
24.00C
Char. C. & A. D iv ......... .
21,300
Ool. & G r. D iv ............... .
14.70C
W est North Car. D iv ....
1,935
Wash. O. & W . D iv .......
2,175
Ash. & Spar. D iv ..........
32,891
*St. L. A lt.& T . H., M. Lin«
18.34C
Bt. L. A lt. & T. H. B rch s.
57.07C
fit. Louis Ark. & T e x a s..
116,75C
T exas & P a c ific ................
11,712
T oledo A nn A. & No. Mich
23,602
Toledo & Ohio Central . .
19,103
Tol. Peoria & W estern__
79,523
W abash W e s te r n ............
56,500
W estern N. Y . & P e n n . . .
57,116
Total (76 road s)..
Net increase (8'48 p. c .).
1887.
Increase.
$
990,159
52,231
32,932
48,734
14,355
119,000
100.750
38,957
7,817
23,991
7,550
59,016
29,499
13,777
11,034
10,262
7,636
43,514
5,364
6,060
52,536
18,575
16,014
13,265
99,702
46.416
26,803
9,712
21,601
35,924
1,909
311,593
6,049
1,995
33.256
18.394
17,391
289,470
38,281
43,444
32,027
100,023
15,955
20,828
103,557
3,557
30,500
103,525
26,400
23.45C
18.50C
13.40C
1,235
775
36,805
17,344
41,159
110,461
10,34=1
20,18£
17,741
109,552
51,300
45,106
3,678,698
$
164,323
2,207
3,182
7,376
1,663
62,000
29,561
3,332
16
812
3,308
679
375
Decrease.
10,092
2,319
24
*i",695
1,311
* 2 , 66*0
73
538
5,275
1,500
1,082
9,870
129
8,088
6,848
2,257
1,870
**‘ *388
367
4,308
4,252
20,180
........
9,327
7,269
9,977
1,415
4,054
2,964
9,675
4,300
55 0
2,800
1,300
700
1,400
’ *■**73
1,878
-Oct. 1 to Jan. 31.-«
1887-8.
1886-7.
$
8,775,703
9,063,237
3,052,701 3,120,465
2,230,290 2,318,351
417,274
504,286
38,347
58,670
966,819
1,071,840
443,255
471,020
820,670
943,518
9,292
204,339
-Nov. 1 to Jan. 31.— «
1887-8.
1886-7.
136,346
211,363
68,323
82,799
-Dec. 1 to Jan. 31.1887-8.
1886-7.
2,645,896
894,274
1,906,249
df. 219,858
4,552,146
674,415
" Ï , 2*9*1
(F or the year ending December 31, 1887. J
Chicago
**Ì",9*4Ì
17,619
■■‘ ■43Î
3,914
30,029
5,200
12,010
130,278
N et Earnings M onthly to Latest Dates.— The tables follow
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week.
M o n t h a n d C a le n d a r Y e a r .
<—Jan. 1 to Jan. 31.
1888.
1887.
$
155,155
148,091
67,285
45,273
32,934
29,843
def. 9,221 df. 8,452
801,205
643,493
22,286
21,503
72,709
67,191
25,503
23,567
380,801
279,305
158,635
102,185
452,441
514,948
128,247
230,225
4,193,979 3,851,771
1,005,920 1,214,351
223,744
260,052
52,146
102,143
51,100
57,288
def. 6,340
% ,171
85,705
176,828
1,220
24,024
3,147,535
1,394,000
2,380,275
2,078
5,527,809
1,396,078
Includes for 1888, but not for 1887, New Jersey State taxes fo r the
____________
tw elve months preceding.
ANNUAL REPORTS.
* Including Indianapolis & St. Louis,
i For the w eek ending February 18.
-January.----- k
1887.
1888.
JRoads.
$
A lleg h e n y V a lle y ....G ro ss . 155,155 148.091
45,273
67,285
N e t...
29,843
32,934
■Cam. & Atl. & b r s ___G ross.
N et .. def. 9,221 df. 8,452
801,205 643,493
Canadian P acific....... Gross
21.503
22,286
N e t...
67,191
72,709
K en tu ck y C entral. . . . G ross.
23,567
25,503
N e t ...
279,305
380,801
N orfolk & W estern ...G ross.
N e t ... 158,635 102,185
452,441 514,948
N orthern Central....... Gross.
N e t ... 128,247 230,225
4,193,979 3,851,771
1,005,920 1,214,351
Philadelphia & E rie..G ross. 223,744 260,052
52,146 102,143
N e t ...
57,288
51,100
Shenandoah V a lle y .. G ross.
2,171
N e t... def. 6,340
76,828
85,705
*West Jersey and B rs.Gross.
24,024
1,220
N e t...
,------- January.-------»
1888.
1887.
Roads ^
$
$
N. Y . L. E. & W est...G ross. 1,890,183 1,888,060
N e t... 532,334 529,173
Net, less rentals 360,579 346,183
90,166
N. Y . Ontario & West.Gross. 107,572
1,844
3,656
N e t ...
Rom e W atert’n & O g.G ross. 212.446 184,576
59,149
67,891
...
N e t ...
West. N. Y . & P enn a.Gross. 212,759 189,809
46,633 df. 30,953
N e t...
,------Janu ary.------ «
1888.
1887.
Road.
$
37,619
Ft. W orth & Denv. C.Gross.
63,503
14,206
•Net..,
22,388
,--------January.------ «
1888.
1887.
Roads.
$
$
Phila. & R eading....... Gross
930,240 1,570,821
100,642 725,708
N et..
Coal & Iron Co....... Gross
332,827 1,037,750
23,727
Net.., df.173,655
Total both C o s ....... Gross 1,263,068 2,608,571
N et.. df. 73,012 749,435
49,115
996
15,911
6,289
1,371
3,413
1,362
442,'256
311,978
[Y o u X L Y L
& Alton Railroad.
The annual report shows that a fraction more than one-sixth
of the gross earnings from freight traffic during the last_ year
was derived from the transportation of farm products shipped
at local stations, and that is found to be about the average
proportion during the past seven years. The average yearly
gross earnings from such shipments, compared with the gross
earnings from traffic of all kinds during the past seven years,
is found to be 12*29 per cent. The work of improving grades
and curves, where necessary to promote economy in operating
the railroad, has been continued during the year at a cost_ of
about $110,000. The amount o f coal consumed in operating
the road during the year was 295,750 tons; average cost on lo
comotive tenders, $1 14 per ton. The average number of men
employed during the year was 4,753, and the amount paid for
labor and personal services, $3,110,014. Of the amount ex
pended, excluding taxes, 62*8 per cent was paid for labor and
personal services, 32*2 per cent for supplies of various kmds,
and 5 per cent for miscellaneous expenses, , The railroad and
all its appurtenances have been maintained in good condition,
and many improvements have been made.
The statistics of traffic, earnings, income, «fee., have been
compiled for four years for the C h r o n i c l e , as follows :
OPERATIONS AND FISCAL RESULTS.
Operations—
1884.
1885.
1886.
Passengers ca rried ..
1,907,486
1,721,286
1,735,549 1,765,198
Passenger mileage .. 119,946,417 109,078,875 114,250,157 120.001.687
Rate / p a s s . $ m ile.
1*899 cts.
2*025 cte
2*022 ots. 2*062 <rts.
Freight (tons) m oved
3,598,284
3,631,108
3,651,100 4,123,120
Fr’gnt(tns) mileage* 602,768,054 538,522,498 560,824,279 641,651,562
Avfrate $ ton $ mile.
1*007 ots.
0*961,ots. 0*94bots.
1*009 ots.
S
Earnings—
“
2,474,154
2,311,041
2,209,502
Passenger..................
2,278,429
6,070,639
5,392,059
5,432,633
F re ig h t............ .
6,073,675
396,593
357,539
351,034
Mail, express,«fee....
357,170
8,941,386
8,060,639
7,993,169
Total gross earnings
8,709,274
$
$
$
Opera’ g expenses—
$
1,599,543
1,337.541
1,248,604
Maint. 01 w ay, «fee..
1,485,034
662,367
480,907
562,907
Maintenance of oars
681,362
1,420,268
1,355.552
1,388,554
M o t iv e p o w e r ...........
1 ,4 7 7 , 6 7 0
1,588,025
1.47.6.955
1,412,782
Transp’n. expenses.
1,489,724
Total (inol. taxes)
Net earnings............
P .o.otop .ex p .toea rn
5,133,790
3,575,484
58*94
4,612,847
3,380,322
57*70
4.650.955
3,409,684
57*70
5,270,203
3,671,183
58*94
1887.
$
3,671,183
269,239
3,940,422
$
710,608
657,444
831,031
1,407,644
92,672
* Does n ot include com pany’s freight.
INCOME ACCOUNT.
N R S g S ..............
Other receip ts....... .
3 ,5 7 | 4 8 4
278,818
3,380,322
272,845
1886.
$
3,409,684
282,654
Total..................
Disbursements—
Rentals p a id .............
C mstruo’n, equip.,&o
Interest on debt.
3,854,302
$
823,565
292,221
770,683
3,653,167
3,692,338
704.473
380,702
839,307
1,409,750
1,688 :Ì63 ___________
93,854
701,777
254,134
836,381
1,407,224
102,116
1884.
DividendS...................
Miscellaneous.
1885.
3,699,399
3,301,632
Total disbursem’ts
3,621,572
3,428,086
241,023
390,706
Balance, s u rp lu s ....
232,730
225,081
-A p ril 1 to Jan. 31----- January.------- .
l 8 87-8.
1886-7
1888.
1887.
$
$
$
$
Road.
27,920
20,713
236,715
189,091
Cape Fear & Yad. V al.Gross.
15,407
10,314
115,005
88,041
•
N e t...
A tla n tic & Pacific.— In Boston it is said in regard to the
-J u ly 1 to Jan. 31
-------Ja nu a ry.------.
1887-8.
1888.
1887.
new A . <fe P. equipment that a “ Trust” will furnish the com
1886-7.
$
$
Roads.
pany with 50 new engines, the A . <fe P. paying for same in 16
L ouisville & N ash v ..G ross. 1,306,817 1 ,227,769 9,931,115 8,890,476 semi-annual payments with interest probably at 6 per cent.
N e t ... 415,196 440,618 3,936,015 3,669,638 The total amount will probably be in the neighborhood o f
157,940 156,246 1,141,348 1,005,877 $500,000. The 1,200 cars which the A . & P . will purchase
M emphis & Char....... Gross.
24,570
385,628
337,022
41,785
N e t ...
will be paid probably by its own notes covering some 8 years,
Ohio & M ississip p i...G ross. 304,827 295,219 2,541,868 2,392,330
and payable semi annually the same as the trust, and will
910,142
85,804
811,954
85,503
N e t ...
probably amount to $600,000 or $700,000.
Pittsburg & W estern.Gross. 142,853 153,106 1,261,696
359,249
36,354
39,594
N e t...
Cedar F a lls & M innesota.— A t Chicago, March 1, a bill in
722,638
85,956
576,604
108,212
Tol. & Ohio Central..G ross.
270,502
34,349
204,819 onnitv wah filed in the United States Circuit Court on behalf
43,032
N e t...
M o n t h a n d F is c a l Y e a r .
GENERAL INVESTMENT NEWS.
THE CHRONICLE.
M a r c h 8, 18fc8,]
of Morris K . Jesup and George J. Forrest o f N ew York,
trustees under a mortgage made by the Cedar Falls & Minne
sota Railroad Company against the Illinois Central Railroad
Company. The bill prays that the latter road be enjoined
from interfering with the lease of the Cedar Falls Road to it,
and be compelled to carry out the provisions of the lease. A n
accounting is also asked.
Chicago & Canada Southern.— On October 23, 1886, a suit
iji foreclosure against the Chicago & Canada Southern Rail
road was begun. The line is 67 miles long, and is controlled
by the Lake Shore. A settlement of all the difficulties exist
ing among the bondholders is expected to be made soon
through an agreement which the bondholders have very gen
erally signed.
Chesapeake & O hio.— The plan of reorganization of the
Chesapeake & Ohio Railway has progressed so far that another
important step was consummated Friday by the election of Mr.
M. E , Ingalls as President of the Co., and he will continue in that
position after the reorganization is completed. Mr. Ingalls is
well known as President of the Cincinnati Indianapolis St.
Louis & Chicago Railway, which he has successfully managed
for some years, and with which the Chesapeake & Ohio is to
connect at Cincinnati. March 15 has been fixed as the date
up to which Series “ B ” bonds will be received in order to
draw interest from Nov. 1, 1887. Bonds deposited after
March 15 will draw interest only from May 1, 1888.
C olorado M idland.— In connection with the rumor that
the Colorado Midland is to issue second mortgage bonds, it
m ay be stated that the road is not a part of the Atchison sys
tem. * * * The Atchison has a traffic arrangement for
a long term of years, but does not guarantee interest, rebates
or in any w ay act as protector of the road. The contract be
tween the roads is, however, m utually favorable, as giving
the Midland a valuable outlet over the Atchison lines. The
original plans for the Colorado Midland provided for an ex
tension to Salt Lake City, which may possibly be built before
m any months .—Commercial Bulletin.
D u lu th T w in Cities & S ou th -W estern .— This is the title
and the following are the officers of this new company which
has been incorporated to build the St. Paul & Duluth exten
sion from St. Paul and Minneapolis to Omaha: W illiam H .
Rhawn, President; W . H . Fisher, Vice President and General
Manager; J. S. Brown, Secretary and Treasurer; P. H . Harris,
Assistant Secretary and Treasurer.
The directors are: W . H .
Rhawn, James M. Earle, Benjamin Rowland, J. S. Brown,
W . H . Fisher, W illiam Dawson, P. H . Harris, James Smith,
Jr., and Thomas C. Conrad. The capital stock is placed at
$15,000,000.
Elizabethtow n L exin gton
three years are as follow s:
& B ig Sandy.— The returns for
1885.
Gross earnings.................................. $706,469
E xpen ses............................................. 433,694
1886.
$937,529
609,908
1887.
$1,115,073
706,219
Net earnings................................$272,774
$327,621
$408,854
. F lo r id a R ailw a y & N avigation Co.— The lines of this
company will be sold in foreclosure on April 2, 1888.
The following is an outline of the plan of reorganization of the
Florida Railway & Navigation C o .: First mortgage 5 per cent,
80 year gold bonds to retire series “ A ” bonds of the F. C. &
W . and the receiver’s debt, $3,000,000; first preferred 5 per
cent cumulative stock, $1,582,000; second preferred 5 per
cent non-cumulative stock, $4,500,000; common stock, $20,000,000. The plan contemplates the purchase of the road
now extending from Jacksonville to Chattahoochee on the
Apalachicola River, with branches to St. Marks and Monticello; also from Fernandina on the Atlantic coast to Cedar
K eys on the G ulf o f Mexico; also from Hart’s Road, a point on
last-mentioned' line, to the City of Jacksonville, includ
ing a belt line around the City of Jacksonville; from
Waldwood to Tavares, and from Waldo southward to
Plant City, with branches to Sumterville and Silver
Springs. This line includes the old Florida Central & W est
ern Railroad, the ^ Florida Transit Railroad, the Fer
nandina & Jacksonville RR., the Peninsular R R ., the Leesburg
& Indian River RR. and that portion of the southern exten
sion of the Florida Railway & Navigation Co.’s road not
included under those names. The Florida Central & Western
RR. has been purchased under this plan Feb. 6, and the sale
of the other ^divisions will take place April 2. The bonds of
the reorganized company are to have a first lien on all the
property purchased by the committee, and are to bear interest
from July 1, 1888. The holders of a large majority of all
classes of securities except the Transits, have already signified
their acceptance of the plan and more two-fifths of the Transits
concurred in same. Participation in the reorganization agree
ment and exchange o f the old securities for new is condi
tioned upon the security holder depositing his securities, duly
assigned with the Central Trust Co. against its negotiable re
ceipts for same on or before A pril 1,
.H ouston & Texas C en tral.— The reorganization plan pro
vides that the present stockholders shall be assessed in an
amount sufficient to discharge the company’s floating debt, to
provide cash payments for overdue interest, to pay the cash
bonus of $50 to first mortgage bondholders on account of
defaulted interest, and to pay the expenses of reorganization
incurred by the Central Trust Company. The amount of the
assessment was left with the purchasing trustee to decide and
was therefore indefinite.
It is now said that it will amount
to about 40 per cent on the new . çS.Qf $IQ,000,000, as nearly
arfihite $4sO0O,OOO will be netfte
289
M anhattan E levated.— The Court of Appeals has affirmed
the judgm ent in the case of The New York National Exohange
B an t against the Metropolitan Elevated R lilway Company,
which awards damages and enjoins the operation of the road
at Chambers Street and College Place, unless a further sum ,
the diminished selling value o f the leasehold, be paid. The
suit was begun in equity in the Superior Court in 1883, and
was for damage to rental of $4,273 and an injunction against
the running o f the road. The Court decided that the injunc
tion should not hold, provided the elevated road paid to the
plaintiff the sum of $8,000 in settlement for all damage. The
tender will probably be made.
M obile & Ohio.— A large number of the debenture bond
holders of the Mobile & Ohio Road met at No. 36 W a ll Street
to hear the report of the committee appointed some tim e ago
to devise a plan by which the improvements now being made
on the road could be continued and at the same time interest
payments be made on the debentures. The committee re
ported in favor of a plan for the unification of the debentures
by exchanging them into a 4 percent bond, thus cutting down
the interest charges, while subscriptions from the second,
third and fourth debentures are called for, by which the com
pany will secure $500,000 in cash. The plan was adopted
unanimously.
The following is a synopsis of the plan: A new m ortgage o f
$10,500,000 is to be created bearing 4 per cent interest, the
first coupon due March 1, 1889, and the interest for the first
three years to be payable in scrip if earnings are not sufficient
to pay in cash. After that the interest is payable in cash but
no foreclosure can take place till four coupons are in default.
First debentures to receive 110 percent in n tw 4 per cent
bonds; second debentures to receive 100 per cent in new 4 per
cent bonds, on payment of 15 per cent in cash; third deben
tures to receive 100 per cent in new 4 per cent bonds, on pay
ment of 20 per cent in cash; fourth debentures to receive 100
per cent in new 4 per cent bonds, on payment of 22% per cent
in cash. Or the second, third and fourth debemure holders
may elect to receive in exchange for their holdings 65 per cent
and 60 per cent and 55 per cent of the same respectively in the
new 4 per cent bonds. Stockholders who, in accordance w ith
the plan, may contribute 5 per cent are to receive 30 per cent
of their holdings in additional stock and new bonds at par for
the 5 per cent, and have the advantage of the readjustment.
The surplus bonds to be held for the future ure of the com
pany. A ll the debentures so surrendered in exchange for the
new 4 per cent bonds are to be held by the trustee for the
benefit of the new mortgage till all are surrendered. A ll
additional property acquired with the proceeds of the new
mortgage to be held for its further security. The plan w ill
become operative when 70 per cent o f the debentures have
assented.
New Y o rk New Haven & H artfo rd .— The report for the
quarter ending Dec..31 tOj the N ew Y ork State Commissioners
was as below given:
Gross earnings...............................
Operating expen ses.....................
1887.
1886.
$1,953 ,355
1,277,120
Net earn in g s............................
Other in com e.................................
$6 76 ,2 2 6
6,143
Total in com e............................
F ixed charges.................................
$6 82 ,3 6 0
21 4,94 7
Surplus......................................
$467,4 22
P ennsylvania R a ilro a d .— The gross and net earnings for
January 1887 and 1888, were as below.stated. On the linea
west of Pittsburg & Erie the net results, after payment o f
interest and all charges, is shown in the second table.
JUNES EAST OF PITTSBURG & ERIE.
January..............
/------ Gross E arnings.-------, ,------ Net E arn ings
1888.
1887.
1888.
1887.
$4,213,979
$3,871,771 $1,005,920 $ 1 ,214 ,351
LINES WEST OP PITTSBURG & ERIE.
2fet surplus or deficit a fter paym en t o f charges.
1888.
1887.
Diff. in 18 8 8 .
January.........................8ur.$60,510
Sur. $154,951
Loss. $94,441
P h iladelph ia & R eadin g.— The gross and net earnings for
January, and for the fiscal years 1886-7 and 1887-8 have been
as below given. The deficit o f both companies aggregated
$73,012 in January, 1888, against $749,435 net earnings in
January, 1887; in the year 1887-8 they were $674,415, against
$1,396,078 in 1886-7:
f f
RAILROAD CO.
.-----------J a n u a ry.---------. ,— Dec. 1 to Jan. 31.— «
„
1888.
1887.
1887-88.
18 86-8 7.
Gross earnings............ $930,240 $1,570,821 $2,645,896 $3,147,535
Operating e x p en ses... 829,598
845,113
1,451,622
1,7 53,5 35
Net earnings.........
$100,642
$725,708
$894,274 $ 1 ,394 ,000
COAL & IRON CO.
^---------J a n u a ry.-------- . ,— Bec. 1 to Jan. 31.— ■>
1888.
1887.
1887-88.
1886-87.
Gross earnings............. $332,827 $1,037,750 $1,906,229 $2 ,380 ,274
Operating e x p e n ses...
506,482
1,014,023
2,126,108
1,378,197
N et-earn in gs...loss.$ 173 ,655
$23,727 l’ ss$219,859
$ 2 ,0 7 7
P ittsb u rg & W e ste rn .— The statement for the m onth o f
January, and for the seven months ending Jan. 31, is as fo l
lows :
_■
^-January.—. ^-July\ to Jan. 31.-^
Gross earnings.............................................$142,852
$1 ,2 6 1 ,6 9 6
Operating expenses, taxes and rentals.. 103,259
9 0 2,44 6
Net earnings............................... . . . . . $39,593
Interest on bonded debt..............................
33,000
Surplus over interest.
$6,593
$359,2 50
22 7,00 0
$ 1 32,2 50
THE CHRONICLE.
r 280
BC^ ol. X LV I. I
x ^ .------ -% v p o x \ s
a w Ä
J ? 0 O * m je u t s .
O T o m m r r c ia l
ST. LO U IS & CHICAGO R A IL W A Y CO.
A PPL IC A TIO N TO TH E N EW Y O R K STOCK EXCH AN G E.
¡g ir a e s .
COMMERCIAL EPITOME.
F r id a y N ig h t , March 2, 1888.
The tariff bill, which has been prepared by the majority o f
the Committee o f W a y s and Means of the lower houie o f
Congress is made public, and will soon be formally pre
sented for debate and action. A strike on the Ohio. B. & Q.
Pirat m ortgage consolidated bonds, $1,400,000, Nos. to 1,400 inclusive.
TT*___a ______A
OAA AAA
road is in operation, throwing several thousand men out o f
Preferred capital s t o c k . . . . . . . . . . . . . . 11,200,000
Com m on
“
“ . . . . . . . . . . . . . . 1,200,000
employment. The weather has been spring-like, general trade
The St. Louis & Chicago Railway Company was organized
making good progress; but speculation has dragged slightly,
M a y 1, 1885, under the laws of the State or Illinois, to build a
road from Springfield to Litchfield, both in the State of Illi most of the speculative staples showing little change in val
nois, having a length of forty-five miles of main line and five ues. A number of destructive fires have occurred in this city
iniles of sidings, and an extension from Springfield to a con during the past week.
nection with the Atchison system at Eureka is in course of
The following is a statement of the stocks of leading articles
construction. The company is also operating a branch of ten of domestic and foreign merchandise at dates given:
m iles from Litchfie’ d to the Mount Olive coal fields. The
road is of standai d (4 feet 8% inches) gauge, and is laid
1888.
1888.
1887.
M a rci 1.
throughout in s'eel. The com p-n y ha3 no car trust or other
Feb. 1.
March 1.
obligations, and its equipment consists of 7 locomotives, 20
21,537
P ork ..........................
13,443
21,205
coal cars, 20 b )x cars, 6 passenger coaches, 2 baggage, mail L ard..........................
36,760
15,197
44,723
and express combination cars, and 1 combination passenger T obacco, dom estic.
41,321
42,423
34,933
41,329
,50,304
39,991
and freigh; caboose. The remainder needed in the operation Tobacco, fo r e ig n ...
202,957
305,262
Coffee, R io ...............
144,507
Of tee road is furnished by the Cleveland Columbus Cincin- Coffee,
52,344
59,564
other...........
55,182
x ati & Indianapolis Railroad Company.
107,900
107,900
109,401
Coffee, Java, & o ....
1,813
3,019
8,545
The chief office of the company is at Springfield, 111., and S ugar.......................
N one.
None.
None.
S ugar.......................
its officers are:
1,242,084
1,759,251
1,403,226
S p r i n g f i e l d , 111., Jan. 5,1888.
T h e St. Louis & Chicago Railway Company hereby applies
Tor the listing on the regular list of the New York Stock Ex
change of the following securities, for all of which the American
Loan and Trust Company is the Registrar and Transfer Agent:
S u g a r.......................
Melado
Molasses, foreig n ..
D . L. W in g , Springfield, 111.
I H . W aggoner, Chicago, 111. Molasses, dom estic. .................. bbls.
ft. S. TTodgen, Charleston, 111. L H . Thomas, Virden, 111.
H ides........................ ..................... No.
C otton...................... .................bales.
F . C. H 11ins, New York, N. Y . E. S. Orr, Charleston, 111.
R osin........................
A . J. Moorshead, Springfield, 111.
Spirits turpentine . ................... bbls.
D . L. W in g , Springfield, 111., President.
T a r ..........................
■Frank C. Hollins, New York, N. Y ., Vice-President.
R ice, E. I ................. ..................bags.
Rice, dom estic....... .................. pkgs.
R. S. Hodgen, Charleston, 111,, Secretary and Treasurer.
Linseed...................
A . G. Kleinbeck, Springfield, 111., Chief Engineer.
Saltpetre..................
F. C. Hollins & Co,, 11 W a ll Street, N. Y ., and Chicago, III., Jute butts......... .
Manila bem p..........
Fiscal Agents.
Sisal bem p .............. ..................bales.
The St. Louis & Chicago First Mortgage Consolidated Bonds F lo u r ...................... .bbls. and sacks
BOAPD OF DIRECTOR?.
bear date April 1, 1887, and mature April 1, 1927. They are
issued in denominations of $1,000, bear six per cent interest
per annum, payable January and July of each year, at the
office of the company’s agent, in the City of New York ; both
principal and interest are payable in gold." The bonds carry
w ith them the privilege of registration, and are issued at the
rate of $20,000 per mile of completed road. The American
Loan & Tru-t Company is the trustee under the mortgage.
The mortgage covers the whole of the property of the com
pany and provides for the retirement or $500,000 First Mort
gage Bonds, and the trustee holds consolidated lsts, Nos. 501
to 1,001 for that purpose. The bonds so held are part of the
''$1.400,000 which the committee is asked to list
¡For the information of the Committee it is stated that the
$500,000 First Mortgage Bonds were issued July 1, 1885, and
inature July 1, 1915 ; they are each for $1,000, and bear six
per cent interest, payable January and July o f each year, at
the office of the company’s fiscal agents in New York ; both
principal and interest are payable in gold ; they carry with
them the privilege of registration. They are secured by a
mortgage on the company’s property between Springfield and
Litchfield, to the Mercantile Trust Company of New York as
Trustee.
The company operates between its northern terminus and
Bt. Louis A traffic agreement with the Cleveland Columbus
C .n h n na' i & Indianapolis Railroad Company gives it the use
•of the Indianapolis & St. Louis tracks between Litchfield and
S t. Louis. The favorable nature of the agreement can be seen
from the copy which is furnished the Committee herewith.
The following are the balance sin et and statement of the
'earnings and expenses of the St. Louis & Chicago Railway
Company to accompany the application to your Committee to
list $1,400,000 Consolidated Bonds of this company :
BALANCE SHEET, DECEMBER 1, 1887.
A. sscts__
Cost o f road and equipm ent.................................... .................$3,925,595 51
X)Ue from agents and other c o m p a n ie s ................................
20,166 63
10,586 15
Material and supplies on hand................................ . . . . . .
Cash on hand........................ ................. . i .............................
67,787 61
;
#
$4,024,135 90
C apital stòck, com m on.............................................................$1,200,000 00
Capital stock, p re fe rre d ........................................................... 1,200,000 00
Funded d e b t...................................... ........................................ 1,400,000 00
2,355 45
Y o u c ie ’rs'a rid a cco u n ts.......... .............................................. .
Interest matured from July 1 to D ecem ber 1 .......................
35,000 00
Credit balance ................... .................................... - ..................
186,780 45
$4,024,135 90
EARNINGS AND OPERATING EXPENSES.
R eceipts—Fr. ight, passenger, express and other sources,
from March 1 to Decem ber 1 ......................................
Operating, expenses from March 1 to D ecem ber 1 . . . . . . .
$168,945 82
84,922 84
$84,022 98
D. L. W i n g , President.
This .Committee recommends that $900,000 of the abovedescribed First Mortgage Consolidated Six per Cent Gold
-BohdsrNos. 1 to ¿00 inclusive, and Nos. 1,001 to 1,400 inclu'$iveybe admitted to the regular list.
^Adopted by the Governing Committee, Feb, 23, 1888,
None.
406
3,000
457,900
274,159
24,806
1,873
1,415
12,700
6,200
None.
12,000
29,000
6,500
3,500
163,607
None.
77
2,000
320,300
247,188
27,570
2,514
1,153
9,500
5,300
None.
14,000
15,000
6,500
3,500
156,116
■None.
26 4
2,0 00
353,600
244,270
24,613
2,064
1,092
7,480
7,600
Nona.
13,000
22,500
17,926
7,233
196,300
The market for lard on the spot has reflected a steady
movement, without conspicuous feature. To-day, at some
what easier prices, there was more doing, closing at 7 '75c. for
prime city, 8 '0 2 ^ @ 8 07J^c. for prime to choice Western, 7 90c.
for refined to the Continent and 8 75c. for South America.
The speculation in lard for future delivery has also been com
paratively featureless, yet has latterly made some show of
strength in sympathy with the better market for corn. To
day the opening was strong, but freer offerings caused &
slight decline.
DAILY CLOSING PRICES OP LARD FUTURES.
Saiurd’y. Mond’y Tuesd’y. Wednsd’y. Thursday. F riday,.
March d e liv e r y ....
7-99 7 '97
7-97
7-98
8-00
7 '9 7
April d e liv e r y .....
8'01 7'98
7'98
7 ‘99
8 '00
7 '9 6
May d e liv e r y ......
8 ‘03 8 ’01
8'01
8'01
8'02
7*9S
June delivery......... 8'07
8'05
8 '04
8 ’05
8'05
8 '03
July delivery......... 8'11
8'09
8'09
8'09
8'09
8 '08
In other provisions there is nothing of importance to note.
Coffee on the spot has been comparatively dull, and prices
have further declined, closing unsettled and nominal even at
the decline; fair cargoes of Rio are quoted to-day at 14@ 14J^c.,
with n thing of moment done. The speculation in Rio options
has been comparatively slow, at fluctuating values. To-day,
after a stronger opening there was a sharp decline, closing
this afternoon with sellers as follows:
March.......................... lo*80c. I Ju ly...... ....1 0 -0 5 c . I Novem ber—
9'60o.
A .pril...................... .1 0 -7 0 . |A u g u s t ..... . 9'85c. |D ecem b er----- 9-60«.
M ay....... ............... 10'50c. I September....... 9'70c. I J a n u a r y ...... 9 '6 5 o.
J u n e . . . ................ 1 0 3 5 c . |O c to b e r.......... 9'65o. |
Raw sugars show some further improvement in values, the
demand having continued active; fair refining Cuba is quoted
at 4% c. and centrifugal 96 degrees test 5 9 16c., regular, and
3 3-16@3Jic. c. and f. The sales included a cargo of superior
Manila at 4 l-16c. Molasses is firmer at 21c. for 50 deg. test,
at which 2 cargoes sold. The tea sale on Wednesday went off
at rather easier priots for Oolongs and greens.
Kentucky tobacco was much less active daring February,
and the stock in warehouse shows a considerable accumula
tion. Prices, however, are well maintained. Lugs, light
4 ^ @ 7 c - and heavy 4 ^ @ 6 J ^ c .; leaf, light 6%@ 17c. and
heavy 0%@ 15c. Seed leaf has met with a moderate demand,
and sales for the week are 1,280 cases at prices ranging from
7 to 30 cents; also, 500 bales Havana, 60c @ $ 1 10, and 250
bales Sumatra, $1 40@ $1 86. It is proposed to materially re
duce the import duty on fine wrappers.
•*
,
Metals have not fluctuated widely; on to-day’s Exchange
ingot copper was slightly steadier, though quiet, small sales
having been made at 16c. for March, 16‘25c. for April and
16%30c. for May. Straits tin rather firm; quoted at 36 ^ @ 3 6 *£ c .
on the spot, but 20 tons sold for May at 31J^c. Lead made a
further advance, with considerable activity, 146 tons selling
at 5 -32^ c . for August and September and 5 '3 2 ^ @ 5 '3 5 o . for
October; quoted on the spot 5 & @ 5 % c . Spelter was dull and
drooping. Tne interior iron markets seem a trifle steadier.
Crude petroleum certificates were buoyant until to-day, turn
ing easier, closing at 9 8 @ 9 3 ^ c . Spirits turpentine is quiet
and easier at 40@40)^c. Rosins were more active t o - d a ^ t
$ 1 1 5 for common strained.0j ^
BSB.
THE CHRONICLE
M a r c h 3, T S ' . }
C O T T O
N
.
F r i d a y , P. M ., Mar. 2, 1888.
T h e *Mo v e m e n t o f t k e C r o p , as indicated by our telegrams
S
from the South to-night, is given below. For the week ending
this evening (Mar; 2), the total receipts have reached 65.562
bales, against 69,024 bales last week, 84,137 bales the previous
week and 99,583 bales three weeks since, making the total
receipts since the 1st of September, 1887,4,901,459 bales, against
4,*56,185 bales for the same period of 1886-7, showing an in
crease since September 1, 1887, of 45,274 bales.
Receipts at—
Mon.
Sat.
G a lv e sto n .........
Indianola, &c.
N ew O rleans. . .
M obile................
F lo rid a ______ _
Savannah .........
Brunsw’k,«fec.
C h a rleston .......
Port Royal, &c
W ilm in g ton . . . .
Tues.
Wed.
Thurs.
. ... ... .
... ... ...
1,458
433
-1,605
291
539
4,099
769
2,142
99
7,753
10
1,198
280
324
.........
203
1,234
733
3,474
366
348
694
945
676
1,074
6
74
30
981
41
95
25
929
962
810
155
2,987
112
729
F ri.
476
Total.
4,802
5,063 23,729
733
2,257
35
383
5,265
1,551
136
136
4,474
595
445
486
94
511
4
29
1,202
6,085
6,570
1,649
4,774
660
1,820
545
3,745
758
153
496
291
In addition to above exports, our telegrams to-night also giveus the following amounts of cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New Y o rk r
which are prepared for our special use by Messrs. Carey, Yale& Lambert, 24 Beaver Street.
On Shipboard, not cleared—f o r
Mar. 2, AT—
L eaving»
Stock.
Other
Great
B ritain. France. Foreign
Coast
wise.
Total.
46,865
None.
5,750
11,100
7,880
17,000
7,050
9,000
261,663
29,637
20,278
41,922
13,059
20,704
270,235
59,496
New Orleans___
M o b ile ..............
C harleston.......
Savannah .........
G alv eston .........
N orfolk..............
New Y o r k .........
Other ports.......
11,260
None.
1,750
None.
2.108
14,500
2,800
8,000
13,337
None.
None.
None.
None.
None.
150
None.
18,905
None.
3,200
9,300
None.
None.
4,1001,000
3,363
None.
800
1,800
5,772
2,500
None.
None.
Total 1888.........
40,418
13,487
36,505
14,235
104,645
716,994
Total 1 8 8 7 ......
T ota l1886.........
70,297
69,680
8,172
15,585
66,467
58,002
12,718
9,862
157,654
153,129
639,765
832,788
The speculation in cotton for future delivery at th's m irk et
opened stronger on the su cessful m inner ia which it w a i
reported the options for March delivery had been disposed of.
1,494
But on Monday the Liverpool report disappointed our bull
605
N o r fo lk .............
243 1,612
1,314
556 1,213
West Point, &c
876
party, and the opening was weak; but there was a quick rally,
978
N ew Y o r k .........
825
668
833
on the early report from New Orleans putting receipts a t
498
B o s t o n ..............
328
146
148
that port for the day only about one-fifth as large as for the
corresponding date lass year. This advance was soon los'',
62
Philadelphia,&c
80
89
Totals this week 9,037 8,157 13,683 12,270 8,316 14,099 65,562 however, under increased receipts at interior towns, and th e
For comparison we give the following table showing the week’s close was at the lowest figures of the day — prices continuing’
total receipts, the total since September 1, 1887, and the stock to give way on Tue-d-iy under fuller receipts at the ports.
to-night, and the same items for the corresponding periods of The market was unsettled for the next two days, the reduced
last year.
receipts at the ports proving an element of strength which
1886-87.
Stock.
1887-88.
overcame some other adverse influences, till near the close
Receipts to
This Since Sip. This Since Sep.
last evening, when the full interior receip t (wi h the arrivals
Mar. 2.
1887.
1888.
Week. 1 ,1 8 8 6 .
Week. 1 ,1 8 8 7 .
at the po ts exceeding e s i mites) ctu 3el a sharp decline.To-day the opening w is weak, in sy:np ithy with the depres
Galveston ...
5,253 679,571
4,802 622,094
48,542
20,939
sion in the Liverpool m rket, and in the later dealings
Ind’nola,<fec
becam- almost panicky, under rumors regarding a forthcom
N ew Orleans. 23,729 1,533,784 35,846 1,568,597 308,528 330,377
ing long crop estimate.
M obile...........
2,128 203,764
18,792
2,257 197,660
29,637
Cotton on the spot has been dull and on Tuesday quota
F lorida . . . . . .
270
22,478
383
23,091
tions were reduced 1-I6e. To-day the market was weak and
Savannah . . .
8,812 763,571
5,265 811,839
53,022
58,422 nearly nominal at 10^ c. for middling uplands.
Brunsw.,«fec
75
136
25,819
67,596
The total sales for forward delivery for the week are 625,300
Charleston ..
4,4 74 384,244
7,151 377,397
26,028
21,982 bales. For immediate delivery the total sales foot up this week
P .R oyal, «feci
486
16,304
13,646
173
545
399 730 bales, including — for export, 730 for consumption,
W ilm ington
511 167,496
798 131,375
6,468
4,250 — for speculation and — in transit. O f the above — bales
Wash’ t’ n.&c
29
4,673
3,716
were to arrive. The following are the official quotations fo r
N o rfo lk .........
6,08o 427^437
37,704
7,990 505,825
18,212 .ach day of the Dast week— Feb. 25 to Mar. 2.
W .Point, «feci
N ew Y ork ___
B oston ..........
Baltim ore ...
Phil’ del’a, «fee
Totals . . . . .
6,570
4,774
1,820
8,745
496
459,349
68,248
64,513
32,679
23,110
65,562 4,901,459
4,401
1,003
4,443
50
1,553
212
306,182
78,542
82,931
57,735
32,378
1,143
277,285
17,000
18,017
25,323
3,154
245,257
9,000
17,128
21,904
79,951 4,856,185
821,639
797,419
In ordtr that comparison ¡may be made w ith other years, we
give below the totals at leading ports for six seasons.
Receipts a t—
1888.
1887.
Galvest’n, «fee
N ew Orleans.
M o b ile ..........
Savannah ...
Charles t’n,&c
W ilm ’gt’n, «fee
N o r fo lk .........
W ’t Point, &c
A ll others___
4,802
23,729
2,257
5,265
4,960
540
6,085
6,570
11,354
5,253
35,846
2,128
.8,812
7,324
803
7,990
4,401
7,394|
4,542
27,506
1,166
9,209
5,052
3,016
6,841
4,683
6,118
T ot. this week
65,562
79,951!
68,223
1886.
1885.
1884.
1883.
3,538
17,001
1,876
5,494
4,509
1 729
10,231
1,967
11,521
9,393
24,164
3,004
4,772
»,5 76
763
5,813
4,287
12,948
19,807
40,458
5,146
9,524
9,989
.2,261
18,326
6,441
12,874
, 56,866 . 68,720
124,826
Since Sept. 1 4901,459 4856,185 4607,302 4446,900 4422,324 5026,540
« a u r a u m mvmura uiuiaB oia; «jnarxeston includes Port Koval, «fee
W ilm ington includes Moreli’d City, «fee.; West Point includes City Point, <fc
j»^ ,eoexPor^s ^or
week ending this evening reach a tot£
o f 93,396 bales, of which 57,283 were to Great Britain, 66
to France and 35,451 to the rest of the Continent. Below ar
the exports for the week and since September 1, 1887.
from —
Week Ending Mar. 2.
From Sept. 1,1887, to Mar. 2,1888
Exported to—
Exported to—
!
_
Great
Conti- Total
Great
ContiFrance
B rit’n.
nent. Week. Britain. France ment. ; Total.
Galveston ___
N ew Orleans., 14,153
M obile........... ;
F lo rid a ........
Savannah* ....
6,521
C harleston.. ..
W ilmington ..
4,020
N o rfo lk ...........
W est Point,&c 9,867
New Y ork....... 10,122
B o s t o n ...........
6,220
Baltim ore ....
4,450
Phlladelp’a’&c
1,319
T o t a l ...........
57,233
Total 1886-7. 62 «45
........
3,894 3,394
10,564 25,522
......
........
......
662
5,«36 32,157
9,775 9,775
4,020
.. .
9,007
4,150 14,934
6,226
1,833 0,282
103 1,419
223,970 4,024
544,735 220,473
62,438
8,440
181,910 12,480
07,815 25,839
75,788 6,895
200,008
194,837
880,125 25,235
141,213 ........
82,79 3| 1,805
39.4S4 .......:
80,829 308.323
319,746 1.084,954
62,488
3,44«
223,158 417,554
170 061 203,715
87.635 119,810
3,375 203,978
1,099 195,960
164,553 549,949
1.996 143,214
27,046 111,641
3.9 0
43,444
662 85,451 93.39-1 2,179,243 296,284 1,032,901 3,508,488
9 1Gt *2% 417/ 8 « fVWYQf* 9 *?;a;t!V7
7.559
U
—
UPLANDS.
S a t. M o n . T u e s W e d
O rdinary.................................$ ft
Strict O r d in a r y ...........................
Go« d O rd in a ry .............................
Strict G- od Ordinary.................
Low M id d lin g ....... .......................
Strict Low M id d lin g ...................
M iddling..........................................
G ood M id d lin g .............................
Strict G ood M iddling..................
Middling F a i r ...............................
F air..................................................
GULF.
711x0 711x6
8310 83X6
918
9*8
95s
9^8
101,6 101x6
103s 103s
10916 lt>aX6
101316 lOlihe
Î T iie 111x6
H 716 l l h e
1 2 llfi 121X6
S at. M o n
7»8
8is
9 1X6
9aX6
10
io^he
10 bî
10%
11
113s
12
T ues W e d
O rdin ary___ 1...................... f t
71*16 713x6 7%
85 riot Ordinary............................. 8 5 i e
8*4
8 Bx e
G «od O rd in a ry ............................. 9 %
9*4
9 3X6
Strict G ood O rd in a ry ................. 9 %
911x6
9%
L ow M iddling................................. 1 0 3 î 6 1 0 3 16 1018
Strict Low M iddling..................... lOig I O I 2 1 0 7 x 6
Middling .............................................. I O « ™ lOH ie 1 0 5 8
G ood M id d lin g .......................................... 1 0 1 5 x 6 i U l t > i 6 1 0 7 8
Strict Good M id d lin g .... .................. 1 1 3 16 I l - h s 1118
M iddling F a ir ............. ................ .. 1 1 6 x 6 111*46 11
F a ir.................................................. 1 2 3 1fl 1 2 3 i R 121«
STAINED.
Sat
Good O rdinary .............................. $ lb.
Strict G ood Ordinary ............................
I dw M iddling ...............................
Middling ........................................
758
8516
914
1018
75s
81s
'Hie
9016
10
1 0510
ICPa
10%
11
113a
12
7%
8%
T li.
F r i-
75a ’
8ia
Ohe
9»16
10
7=8
8is
ah ©
9 0i®
10
IOI3
10%
11
1138
12
lo ia
10%,
11
1138,
12
Th.
F r i.-
7%
,8 %
7%
8%
9 3 ,e
9 3 ifl
91*16
9 ii
10*8
1018
1 0 7 16
105g
1068
10^8
1118
11 lg
121«
M on T ues W ed
93 j g
:6
107x0
1 0 7 j8
105s
1078
11*8
ìp T g s .
1118
d
Ì 2ia
8 I4
9 3 16
1O 110
8%
93x6
1 0 1 16
I lio ,
-
ifö is
Tb.
7%
85X6
9%
1018
1018
8*4
9 3 lß
101x6
F r i.
7»: a
8%
9 3 18
lO ija
MARKET AND SALES.
The total sales and future deliveries each day during th e
week are indicated in the following statement. For the con
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
SALES OF SPOT AND TRANSE’ .
SPOT MARKET
CLOSED.
E x - I C on - 1Spec-\Tran-\
p o r t, \sump u l’ t’nì sit. -íolat-
Sat .. D u ll................. .
Mon .1Q u ie t...................
T u es.jE asy @ iifid e c ..
Wed . E a sy .....................
Thurs Q u ie t ...................
F r i...¡E a s y ....... ............
T otal.)................ ............ù
....
....
....
125
84
158
246
117
....
....
....
730
....
FUTURES.
D eliv
e r ies .
Sales.
. ..) 61,200
125; 76,000
84 89,100
158 103,700
246 82,000
117 213,300
—
730 625.300
....
The d aily deliveries riv e n above are actually delivered the d a y
previous to that on which they are reported.
T h e Sa l e s a n d
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1887.
930,000
15,000
1886.
698,000
14,000
T otal Great B ritain stock .
Stock at H a m b u r g ................
8tock at Brem en........................
Stock at Am sterdam .................
Stock at R o tte rd a m .............. .
Stock at A ntw erp .......................
Stock at H a v r e ........................
Stock at M arseilles...................
Stock at B a rcelon a ......... ..........
Stock at G e n o a ..........................
Stock at Trieste..........................
895,000
3,800
45,900
24,000
400
1,200
173,000
3,000
54,000
5,000
4,000
945,000
2,800
37,100
30,000
300
1,200
262,000
4,000
42,000
4,000
11,000
712,000 L,013,000
7,500
4,000
40,900
50,300
52,000
29,000
400
400
1,100
1,900
220,000
163,000
4,000
5,000
80,000
84,000
9,000
6,000
3,000
5,000
Total Continental stock s.........
1885.
974,000
39,000
314,300
394,400
335,200
431,300
Total European s t o c k s ....1 ,2 0 9 ,3 0 0 1,339,400 1,047,200 1,444,300
125.000
India cotton afloat for E urope.
158,000 170,000 182,000
276.000
Amer. cott’ n afloat fo r Eur’p e.
303,000 446,000 396,000
26,000
E gypt,B razil,& c.,afltforE ’r’pe
53,000 39,000
13,000
769,649
Stock in United States p o rts ..
821,639 797,419 985,917
184,368
Stock in U. S. interior tow n s..
298,260 240,033 413,890
10,500
United States exports to-d ay .
21,864 26,916
7,546
Total visible s u p p ly ...........2,865,063 3,058,768 3,045,553 2,835,817
Of the above, the totals o f Am erican and other descriptions are as fo llo w s :
Liverpool s t o c k ................ bales 688,000
Continental stock s..................... 192,000
American afloat fo r E u r o p e ...
303,000
Jnited States stock ................
821,639
United States interior stock s..
298,260
United States exports to -d a y ..
21,864
737,000
296,000
446,000
797,419
240,033
26,916
509,000
260,000
396,000
985,917
413,890
7,546
752,000
319,000
276,000
769,649
184,368
10,500
T otal A m erican................... 2,324,763 2,543,368 2,572,353 2,311,517
Unjtf. TmAinm.. Tirasi!, din.—
Liverpool stock....................... „
London s t o c k .......................... „
Continental stock s.................. . .
India afloat fo r E urope......... „
E gypt, Brazil, &c., afloat___ ..
183,000
24,000
122,300
158,000
53,000
193,000
15,000
98,400
170,000
39,000
189,000
14,000
75,200
182,000
13,000
222,000
39.000
112,300
125,000
26.000
. &o.......
________. . 540,300
.
515,400 473,200
524,300
T otal East India,
T otal Am erican....................2,324,763 2,543,368 2,572,353 2,311,517
Total visible supply .......2 ,8 6 5 ,0 6 3 3,058,768 3,045,553 2,835,817
Price Mid. Upl., L iv e r p o o l. . . .
S^d.
5 x4d.
4i616d.
6ii6d.
Price Mid. Upl., New Y o rk ....
lO^o.
9 5so.
93ieo.
ll^ o ,
Jgjf” T he im ports in to C on tin en ta l p orts th is w e e k h av e b e e n
22,000 bales.
T h e a b ov e figures in d ica te a decrease in th e c o t to n in sigh t
to -n ig h t o f 193,705 bales as c o m p a re d w ith th e sam e date o f
1887, a decrease o f 180,490 bales as co m p a re d w ith th e co rre s
p o n d in g date o f 1886 a n d an increase o f 29,246 bales as
com p a red w ith 1885.
A t t h e I n t e r io r T o w n s th e m o v e m e n t— th a t is th e receipt®
f o r th e w eek a n d sin ce Sept. 1, th e sh ip m en ts f o r th e w e e k ,
a n d th e stock s to -n ig h t, a n d th e sam e item s f o r th e co rre s
p o n d in g p eriod o f 1886-87— is set o u t in d eta il in th e fo llo w in g
statem ent.
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The following exchanges have been made during the w eek :
1888.
871,000
24,000
cocoo5?
có® ©db obxOob
* Includes sales in Septem ber, 1887, fo r Septem ber, 2 5 8,20 0; Sepiem ber-O ctober, fo r October, 570,20 0; September-November, fo r N o
vem ber, 481,60 0; September-December, fo r December, 1,027,400; September-January, fo r January, 2,236,600.
p g ° W e ba ve included, in the above table, and shall continue each
w eek to give, the average price o f futures each day fo r each m onth. It
w ill be found under each day follow in g the abbreviation “ A v er " The
average fo r each m onth fo r the week is also given at bottom o f table.
Transferable Orders—Saturday, 10*55o.; Monday, 10”5 5 o .; Tuesday,
-10*45o.; W ednesday, 1 0 '5 0 o .; Thursday, 10‘4 5 o .; Friday, 1 0 -30c.
i20 pd. to exoh. 100 Mar. fo r June.
,1 3 pd. to exoh. 500 Mar. fo r May.
r1 3 p d .to exoh. 2,500 Apr. fo r June.
,*21 pd. to exoh. 500 Mar. fo r July.
50 pd. to exoh. 100 Sept, fo r Aug.
21 pd. to exoh. 300 Mar. fo r June.
26 pd. to exch. 100 Mar. fo r Aug.
1 4 pd. to exoh. 1,400 Apr. for June.
26 pd. to exoh, 500 Feb. fo r June.
Stock at L iv e r p o o l...........bales
Stock at L on d on ...................
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T h e V i s i b l e S u p p l y o f C o t t o n to -n ig h t, as m a d e u p b y ca b le
a n d telegra ph , is as fo llo w s . T h e C on tin en ta l stock s, as w e ll as
th ose f o r G reat B rita in a n d th e a float are th is w e e k ’ s retu rn s,
a n d con seq u en tly a ll th e E u rop ea n figu res a re b ro u g h t d o w n
to T h u rsd a y e v en in g . B u t t o m a k e th e tota ls th e com p le te
figures fo r to -n ig h t (Mar. 2), w e a d d th e ite m o f ex p o rts fr o m
th e U n ited States, in c lu d in g in it th e ex p o rts o f F r id a y o n ly .
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[VOL. X L V I,
C H R O N I C L E
•19 pd. to exch. 3,000 Apr. fo r Aug.
•15 pd. to exch. 400 Mar. fo r May.
•07 pd. to exoh. 100 May fo r June.
•16 pd. to exch. 500 Mar. for May.
•09 p d .to exch. 100 May for July.
•02 pd. t<fexch. 100 Jan. fo r Oct.
•09 pd. to exch. 100 Apr. fo r May.
•16 pd. to exch.1,300 Apr. fo r June.
©
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* The figures for Louisville m both years are “ net.” t This year’ s flg
urea estimated.
M arch
3 1888.1
THE CHRONICLE.
293
Leland, M ississippi. — No rain all the week. The ther
mometer has averaged 46’7, the highest being 70 and the
lowest 26.
Greenville, M ississippi. — W e have had rain on one day
week last year, and since September 1 the receipts at all the of the week, the rainfall reaching seven hundredths of an
inch. The thermometer has ranged from 37 to 65.
towns are 63,760 bales more than for the same time in 1886-7
Vicksburg,Mississippi.— It has been showery on one day
Q u o t a t io n s f o r M id d l in g C o tt o n a t O t h e r M a r k e t s . —
In the table below we give the closing quotations o f middling of the week, the rainfall reaching four hundredths o f an inch.
cotton at Southern and other principal cotton markets for each The thermometer has averaged 54, the highest being 75 and
the lowest 36.
day of the past week.
lAttle Rock. Arkansas.— Telegram not received.
Helena, Arkansas.— It has rained lightly on one day o f the
C L O S IN G Q U O T A T IO N S F O R M ID D L IN G C O T T O N O N —
week, the rainfall reaching three hundredths of an inch.
M ar. 2.
Satur.
Mon.
Tues.
Wednes. Thurs.
Fri.
Plowing is progressing. The thermometer has averaged 46,
the highest being 56 and the lowest 24. During February the
9^8
Galveston ...
9 78
9 7s
9 78
9 78
9 78
rainfall reached two inches and forty hundredths, on twelve
N ew Orleans.
9 78
9 78
9 7s
913x6
9 78
9 78
M obile . . . . . .
9 %
9%
9%
9%
9%
9 ^
days.
S avan nah -...
913x6
9 1 3 i6
913x6
913x6
913x6
9 1316
Memphis, Tennessee.— W e have had rain three days of the
Charleston .. 1 0 lS'®14 IO 1« ® *4 1018
1018
1018
1018
week, and it is raining now. The rainfall reached thirty hun
W ilm ington .
915x6
91516
9 1 5 X6
n9?slö
915x6
915x6
N o r f o l k ......
10
10
dredths o f an inch. Average thermometer 53, highest 71 and
10
10
lOlxe
10
B o s t o n .........
105s
105g
105g
105s
105g
1058
lowest 21. It rained on eleven days during February, and the
B altim ore . . . 1 0 3 8 ®
1 0 3 8 ® *2
1 0 3 8 ® lg
1 0 3 8 ® Lj
1038® ^
103s
rainfall reached two inches and forty-nine hundredths. The
Philadelphia
101116
lO H ie
lO H ie
1011 x 6
i o u 16
lO H ie
thermometer averaged 44 and ranged from 21 to 71.
A u g u sta . . . . .
9 78
9 78
9 7s
9 78
9 78
9 7s
Memphis . . . .
934
9%
93i
9%
9%
9%
Nashville, Tennessee.— W e have had rain on three days o f
St, L ou is.......
9 78
9 78
9 78
9 78
9 7e
9 78
the week, the rainfall reaching thirty-two hundredths of an
C incinn ati...
10
10
10
10
10
10
inch. The thermometer has averaged 42, ranging from 11 tp
L o u isv ille . . .
10
10
10
10
10
10
68. Rainfall during February four inches and seven hun
R e c e i p t s f r o m t h e P l a n t a t i o n s . — The following table dredths.
Indicates, the actual movement each week from the planta
Mobile, Alabama.— It has rained severely on one day o f
tions.
The figures do not include overland receipts nor the week, the rainfall reaching one inch and eighty-nine hun
Southern consum ption; they are simply a statement of the dredths. The thermometer has ranged from 80 to 70, averag
weekly movement from the plantations of that part of the crop ing 52.
which finally reaches the market through the outports.
Montgomery, Alabama.— W e have had rain on two days of
the week, the rainfall reaching two inches and twenty-eight
Week
Rece ts at the Ports. St'k at Interior Towns. Rec'pts from Plant'ns. hundredths.
Average thermometer 51, highest 72, lowest 25.
Ending—
Rainfall during February seven inches and sixty-seven hun
1886. 1887. 1888.
1886. 1887. 1888. 1886. 1887.
1888.
dredths.
Jan. 27........ 134,804 132,531 90,130 476,842 351,361 398,012 117,896 117,464 64,310
Selma, Alabama.— There has been no rain all the week.
Feb. 3........ 122,418 130,753 98,668 469,018 336,612 379,556 115,089 116,004 80,212
“ 10....... 105,792 108,257 99,583 454,116 332,798 368.663 90,895 104,443 88.690 The thermometer has averaged 48, the highest being 69
and
the lowest 26,
“ 17........ 102,524 86,582 84,137 448,170 321,366 360,441 96,578 75,150 75,915
Auburn, Alabama.— W e bad snow on the 27th and ice on
“ 24........ 92,867 95,013 69,024 442,606 301,199 350,614 87,303 74,846 59,197
Mar. 2 ........ 68,223 79.951 65.562 442,408 265,991 324,588 68,n25 44.743 39.536 the 28th. The week’s rainfall was ninety-four hundredths o f
an inch. The thermometer has averaged 48‘8, ranging from
The above statement shows— 1. That the total receipts from
21 to 66.
the plantations since September 1, 1887, are 5,202,217 bales;
Madison, Florida. — Rain has fallen on one day of the
in 1886-7 were 5,074,116 bales ; in 1885-6 were 5,033,860 bales.
week, to the extent of one inch and twenty hundredths. The
2.— That, although the receipts at the outports the past week
thermometer has ranged from 29 to 80, averaging 59.
were 65,562 bales, the actual movement from plantations w as
Macon, Georgia.— Telegram not received.
o n ly 39,536 bales, the balance being taken from the stocks at
Columbus, Georgia.— W e have had rain on one day o f the
the interior towns. Last year the receipts from the plantations
week, the rainfall reaching sixty hundredths of an inch.
for the same week were 44,743 bales and for 1886 they w e re
Average thermometer 45, highest 60, lowest 21.
68,025 bales.
Savannah, Georgia.— Rain has fallen on one day o f the
A m o u n t o f C otton in S ig h t M a r . 2.— In the table b elow week, to the extent of seventy-two hundredths of an inch.
w e give the receipts from plantations in another form , and add The thermometer has averaged 52, the highest being 72 and
to them the net overland movement to Feb. 1, and also the the lowest 27.
takings by Southern spinners to the same date, so as to give
Augusta, Georgia.— During the early part of the week we
substantially the amount of cotton now in sight.
had light rain on two days, but the latter portion has been
clear and pleasant. The rainfall reached seventy-five hun
1887-88. 1886-87. 1885-86. 1884-85.
dredths of an inch. The thermometer ranged 22 to 73, aver
R eceipts at the ports to Mar. 2 4,901,459 4,856,185 4,607,302 4,446,900 aging 47. February rainfall four inches and fifty-four hun
Interior stocks on Mar. 2 in
dredths.
excess o f September 1 ......... 300,758 217,931 426,558 181,964
Atlanta, Georgia,— Rain has fallen on one day of the week
The
Tot. receipts from plantat’ns 5,2 2,217 5,074,116 5,033,860 4,628,864 to the extent of one inch and thirty-four hundred'hs.
Net overland to Feb. 1 ............
792,413 583,220 559,199, 442,478 thermometer has averaged 43’6, ranging from 14 to 67.
Southern consumpt’n to Feb. 1 240,000 194,000 164,000 144,000
Albany, Georgia.— Telegram not received.
Charleston, South Carolina.— W e have had rain on two
Total in sight Mar. 2 .............. 6,234,630 5,851,336 5,757,059 5,215,342
days of the week, the rainfall reaching fifty hundredths of an
Northern spinners’ takings to
inch. The thermometer has averaged 52, the highest being
Mar. 2 ................... 7 ™ “ ®
1,410,089 1,223,1 041 ,296 ,028 1,027,438 70 and the lowest 28.
It w ill be seen b y the above that the increase in am ount in sight to
Siatebarg, South Carolina.— W e have had rain on two
night, as com pared w ith last year, is 383,294 bales, the increase as days of the week, the rainfall reaching eighty-seven hun
com pared with 1885-6 is 477,571 bales and the increase ov er 1884-5
dredths of an inch. Frost and ice on three mornings. Aver
is 1,019,288 bales.
W e a t h e r R e p o r t s b y T e l e g r a p h . — Our telegraphic advices age thermometer 46*3, highest 65 and lowest 22.
Wilson, North Carolina.— It has rained on one day of the
from the South to-night indicate that the temperature has in
general been lower, with snow in a few districts. But little week, the rainfall reaching one inch and thirty-seven hun
dredths. Average thermometer 46, highest 68 and lowest 20.
progress has yet been made in preparing for the next crop.
The following statement we have also received by telegraph,
Galveston, Texas.—It ha3 rained on one day of the week,
the rainfall reaching fourteen hundredths of an inch. Aver showing the height of the rivers at the points named at 3
age thermometer 60, highest 70 and lowest 50. During the o’clock Mar. 1, 1888, and Mkr. 3, 1887.
The above totals show that the old interior stocks have
decreased during the week 21,843 bales and are to-night 58,227
bales more than at the same period last year. The receipts at
the same towns have been 3.047 bales less than the same
month of February the rainfall reached seven inches and
sixty hundredths.
Palestine, Texas,— W e have had rain on one day o f the
week, the rainfall reaching twelve hundredths of an inch. The
thermometer has averaged 54, the highest being 70 and the
lowest 38. Rainfall during February six inches and sixtysix hundredths.
San Antonio, Texas.— The weather has been dry all the
week. The thermometer has averaged 54, ranging from 42 to
66. Rainfall during February three inches and four hun
dredths.
New Orleans, Louisiana.— It has rained on one day of the
week, the rainfall reaching one inch and forty-six hun
dredths. The thermometer has averaged 55.
Shreveport, Louisiana.— Only an inappreciable amount of
rain fell during the week. The thermometer has ranged from
32 to 70, averaging 51.
Columbus, M ississippi,— There has been no rain all the
week, but one-and-a-half inches of snow fell. Average ther
mometer 47, highest 68 and lowest 20. During the month of
February the rainfall reached five inches and fifteen hun
dredths.
New Orleans.......
M em p h is............
N ash ville............
Shreveport .........
V ick sbu rg...........
M a r .1 ,’88.
Mar. 3 ,’ 87,
Feet. Inch.
2
8
23
2
Miss ing.
M issin g.
4
24
Feet. Inch,
13
2
35
8
44
1
16
1
42
3
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s . — The receipts
and shipments o f cotton at Bombay have been as follows for
the week and year, bringing the figures down to Mar. 1.
BOMBAY RECEIPTS AND SHIPMENTS FOB POUR YEARS.
Shipments this week.
Shipments Since Jan. 1.
Year Great Conti
Great
B rit'n. nent. Total. B ritain
Conti
nent.
27.000
50.000
48.000
37.000
148.000
162.000
166,000
114.000
1888 3.000
1887 6.000
1886 2,000
1885 13,000
20,000
17.000
47.000
31.000
23.000
23.000
49.000
44.000
Total.
175.000
212.000
214.000
151.000
Receipts.
This
Week.
55.000
47.000
52.000
36.000
Since
Jan. 1.
352.000
380.000
355.000
237.000
According to the foregoing, Bomba,y appears to show an
increase compared with last year in the week’s receipts
of
8,000
bales
and
shipments
are the same,
but
the
THE CHRONICLE.
294:
shipments since Jan. 1 show a decrease of 37,000 bales.
The movement at Calcutta, Madras and other India ports for
t h e last reported week and since the 1st of January, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipments since Janu ary 1.
Shipments fo r the week.
Conti
nent.
Great
Britain.
Toted.
Calcutta—
3.000
1,000
1 88 8 .........
9.000
1,000
1887
....................
Madras—
1888
....................
1887
....................
A ll others—
1888
.................... 2.000
1 8 8 7 .........
T ota l a l l 1888 .........
1 8 8 7 .........
Continent.
17.000
19.000
20,000
35,000
4.000
10,000
T otal..
37.000
54.000
4.000
2.000
4.000
2.000
5.000
9.000
1,000
1,000
Great
B ritain.
2.000
11.000
10,000
8,000
4,000
19.000
14.000
6,000
10,000
32.000
31.000
28,000
39,000
60,000
70,000
T h e above totals for the week show that the movement from
th e ports other than Bombay is 4,000 bales less than the same
week last year. For the whole of India, therefore, the totaJ
shipments since January 1, 1888, and for the corresponding
pejuods of the two previous years, are as follows :
EXPORTS TO EUROPE FROM ALL INDIA.
B o m b a y ...........
A d other ports.
1886.
1887.
1888.
Shipments
to all Europe
from —
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
23.000
6,000
175,000
60,000
23.000
10.000
212,000
70,000
This
week.
Since
Jan. 1.
49,000
9,000
214,000
47,500
.T o ta l........... 29.000 235,000 33,000 282,000 58,000 261,500
-A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange
m ents we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements o f cotton at Alexandria, Egypt. The follow
in g are the receipts and shipments for the past .‘week and for
th e corresponding week of the previous two years.____________
A lexandria, Egypt,
Feb. 29.
1887-88.
1885-86.
1886-87.
36,000
2,760,000
28,000
2,691,000
32,000
2,759,000
Since
Sept. 1
This
Since
week. S&pt- !•
Since
This
week. Sept. 1.
This
week.
1,000 208,000
2,0 004 25,0 00
4.000 220,000
2.000 115,000
4.000 196.000
2.000 117.000
*T o ta l fe u ro p e ......... s .o o o t e s s .o o o
• A cantar is 98 pounds.
6,000 335,000
6,000 313,000
E xports (bales)—
T o L iverp ool..........
T o C on tin en t. . . . . . . .
This statement shows that the receipts for the week ending
Feb. 29 were 36,000 cantars and the shipments to all Europe
3,000. bales.
M a n c h e s t e r M a r k e t . — Qur report received b y cable to-night
from-Manchester states that the market continues steady for
both yarns and shirtings.
W e give the prices for to-day
below, and leave those for previous weeks of this aDd
last year *for comparison : ___________________ ________________
1887.
1888.
8^4 lbs.
Shirtings.
d.
d. s.
Jan.27 71316- 8 7 lfi 5
713168
7
16 5
Feb. 3
“ 10 7 V ® 8 3 s 5
5
7%
®83s
« 17
“ 24 7 V ® 8 3 8 5
5
Mar. 2 734 @838
d. s.
9 @7
8^@ 7
8 @7
8 @7
8 @7
8 @7
CotVn
Mid. 32s Cop.
Twist.
TJplds
8*4 lbs.
Shirtings.
d.
d. s. d. s. d.
d.
d.
2
5.5s 7 I4 @ 7 78 ' 5 9*2@6 1 0 ^
l^fl 5»16 7*8 @734 5 9i2 @ 6 IÓI2
7*8 @ 7% 5 9*2@6 10 is
1
lO ^
1 ..5?16 7*8 @ 7% 5
1
5918 7 18 @7?4 5 9!2® 6 10*2
5*2 718 @734 5 9!2® 6 10*2
1
CotVn
Mid.
TJpld»
d.
5316
5i0
5^8
53] 8
514
E a s t I n d i a C r o p .— From the Bombay Company ’s (Limited)
Cotton Report of January 27, we have the following:
A lthough it is premature to speak with any certainty, there seems to
b e a general feeling gaining ground that the shipments to. Europe for
th e six months ending 30th June,are goings to he disappointingly small.
T h e chief falling off will doubtless he in Oomras, w hich pr mise to be in
considerably smaller supply, and it is not thought that the estimated
shortage o f 40 per cent given b y some authorities early in December
last,w ill he far wrong. Arrivals from the Bengal districts also promise
to be less than last year, when, it will he remembered, an unusually large
su pply was received. On the other hand, both the Dhollera and Broach
crop s are w ell spoken of, and receipts from the districts promise to he
large, but not sufficiently so to make up fo r the shortage from the Oomra
a n d Bengal: districts» From other districts the quantity received w ill be
p r o b a b l y about'the same as last year, so that on the whole, and looking
a t the probably increased takings b y the local mills, which have run very
sh ort o f stocks, there does not seem m uch probability o f the exports to
E urope fo r the first six m onths o f this year exceeding 800,000 bales.
— A t a meeting o f the members of the New Y ork Cotton
Exchange, held on Saturday, Feb. 25, the following resolu
tions were passed:
Whereas, A n Inscrutable Providence has rem oved from our m idst our
ate fellow m ember and associate, Mr. Chester L. G reene; he it
Resolved, That in his d eath this E xch an ge has lost a m ost honorable
a n d useful member, whose life w as signalized b y his upright dealings,
liis integrity to com m ercial honor, and his cordial, and genial nature
©ward bis fellow m em bers; b o it
. . .
■»
, .
Resolved, That as a body w e d eplore his untim ely end, and tender our
deepest sympathies toward those who, near and dear to him, shall miss
Jiim most.
Resolved, That a cop y o f these resolutions be forw arded to the fam ily
«o f th e deceased, and a com m ittee Of m em bers he appointed b y the Chair
40 attend upon his obsequies.
<
O v e r l a n d M o v e m e n t t o F e b r u a r y 1 .— I n c o n s e q u e n c e o f
t h e e a r ly d a t e o n w h ic h t h e p r e s e n t w e e k e n d s , i t h a s b e e n
im p o s s ib le t o c o m p le t e o u r o v e r la n d fig u r e s in t im e f o r t h is is
su e o f th e C h r o n i c l e .
W e s h a ll e n d e a v o r t o fu r n is h t h e r e
su lts t o t h e C o t t o n E x c h a n g e o n M o n d a y o r T u e s d a y o f t h e
c o m in g w e e k .
S h i p p i n g N e w s .— T h e e x p o r t s o f c o t t o n f r o m t h e U n it e d
S ta tes t h e p a s t w e e k , a s p e r latest mail r e tu r n s , h a v e r e a c h e d
92,618 b a les. S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d , t h e s e
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d i n
t h e C h r o n i c l e la s t F r id a y . W i t h r e g a r d t o N e w Y o r k w e
in c lu d e t h e m a n ife s t s o f a ll v e s s e ls c le a r e d u p t o T h u r s d a y .
Total bales*
N e w Y o rk —T o Liverpool, per steamers England, 2 ,0 6 9 ... .Ger
m anic, 2 ,56 2. ...O h io , 2,4 24
Servia, 73 3............................ 7,788?
To Hull, per steamer Marengo, 1,334...........................................
1,334
T o Leith, per steamer Montank, 1,000........................................
1,000T o Havre, per steamer La Bourgogne, 6 6 2 ...............................
662:
100T o Bremen, per steamer Saale, 1 0 0 .........: ........... ......................
To Hamburg, per steamers Gellert, 69 4 -----Taormina, 69 ----763?
To Antwerp, per steamers Hermann, 1,3 7 5 .. .Noordland, 112 1,487
T o Stettin, per steamer Gothia, 1 , 7 0 0 . . . . . . . . . . ......................
1,700«
To Barcelona, per steamer Chandem agor, 1 0 0 ........................
100
N e w O rleans —T o Liverpool, per steamers Floridian, 6,374—
Hugo, 5,413___ Navigator, 5,8 07— N orfolk, 4 ,9 45— per
harks Flora, 3 ,2 8 6 ....Lady Dufferin, 3,318.......................... . 29,143:
To Bremen, per steamer Corona, 4 ,2 42........................................ 4,242:
To Hamburg, per steamer City o f Manchester, 1 ,9 9 1 .............. 1,991
To Barcelona, per steamer Pio IX ., 3 ,5 6 7 ..................................
3,5 67'
To Genoa, per steamer Sidonian, 2,753 — per bark Ilia,
2 0 4 9 . . . . ................................ . . . .......................................... .........
4,802:
To Leghorn, per steamer Sidonian, 3 0 0 .......................................
300*
M obile —T o L iverpool—per steamer Galveston, 5,308 — per
hark Queen’ s Cliff, 2 ,0 7 4 .......... ..................................................
7,382:
Savannah —To Bremen, per steamer Lizzie English, 3,200........... 3,200*B runsw ick —To Liverpool, p e r ----------, 1,8 74..................................
1,874
1 ,7 /0 *
Charleston —T o Barcelona, per bark Am icizia, 1 ,7 7 0 .................
G alveston —To Yera Cruz, per steamer W hitney, 803 — , .........
803:
W est P oint—T o Liverpool, per steamer Glenfleld, 6,371..............
6,371
Ne w po r t N e w s —T o Liverpool, per steamer Orford, 3 ,6 6 4 .........
3,664
B altim ore —T o Liverpool, per steamer Circassian, 1,530............
1,530*B oston—To Liverpool, per steamers Catalonia, 7 8 1 ; Iow a, 2,868
. . . .Venetian, 2,896............................... - ....................................... 6,54&?
P h iladelph ia —To Liverpool, per steamer Indiana, 50 0..............
500**
T ota l..................................................... ................... .............. ............. 9 2 ,6 1 8 -
The particulars of these shipments, arranged in o u r u s u a l*
form, are as follow s:
H u ll
Brem . A nlw ’p
and
arid
and
Leith. Havre. Hamb. Stettin.
863 3,187
662
New York . 7,788 2,334
6,233
N. Orleans. 29,143
M o b ile ..... 7,382 . . . . . .
¿¡20
0 ..........
.
.
.
.
.
.
Savannah .
Brunsw’ k .. 1,874
Charlest’n .
...... - - - - .......... .......... ..........
G alveston ...............
West P oint. 6,371
Newport N. 3,664 . . . . . .
.........
Baltimore . 1,530
......
B o s t o n ___ 6,545
Philadel’a .
500
L iver-
B eceip ts (cantars*)—
This w e e k ....
Since Sept. 1
32s Cop.
Twist.
[VOL. X L V I ,
p ool.
:e :
Alie dUUVO total
Genoa
Barce- and
Iona. Legh'v. Total.
14,934
100
3,567 5,102 44,045*
7 ,3 8 2 :
3 ,2 0 0
.........
1,874
1,770=*
i¡7 7 0
803.6,371
3 ,6 6 4 :
1 ,5 3 0 6,5 45.......... ........ ..
500'
662 10,296 3,187 5,437
2,334
wvv
—
------—---------
5,102
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to the latest d a tes:
O r l e a n s —For Liverpool—Feb. 24—Steamer Navarro, 8 ,0 5 7 ...»
Feb 2 5 —Steamers Inventor, 4 ,4 86— Teniers, 2,387.
For Bremen—Feb. 28-S te a m e r Ocean King, ----- .
For Barcelona—Feb. 28—Bark Alejandro Bosch, — —.
Sa v a n n a h — For L iv erp ool-F eb . 24—Steamer A njer Head, 4 ,0 44— F eb. 27—
Bark Ossuna, 2,477.
For M ajorca-rFeb. 25—Bark Santiago, 86.
.
C h a r l e st o n —F or Barcelona—Feb. 25—Steamer Phoenix, 4,200.
W ilm in g to n — F or Liverpool—Feb. 28—Ship Etta, —-— .
W e s t POINT—F or Liverpool—Feb. 24—Steamer Euskaro, 6,072.
Boston For Liverpool—Feb* 21—Steamer Norseman, 1,967— Feb. 2c**
—Steamer, V irgin ian ,_____ __ , Feb. 27—Steamer M ichigan, — ——.
B a l t i m o r e — For Liverpool—Feb. 21—Steamer Mentmore, 6 3 3 ....Feb.
28—
Steamer Sarnia, — — -.
For Rotterdam—Feb. 24—Steamer Urbino, — — .
P h il a d e l p h i a —For Liverpool—Feb. 28—Steamer British Princess,
*
: For Antwerp—Feb. 28—Steamer V aderland,--------
New
Below we give all news received to date of disasters to ves
sels carrying cotton from United States ports, &c.
I n d ia n a , steamer, from Philadelphia for Liverpool, returned to form er
nort Feb. 23, w ith one blade o f propeller gone and shaft packing:
worked loose. She sailed for New Y ork on the 25th to maker
repairs, arrived there on the 27th, and w ill sail in a few days tor:
Liverpool.
Cotton freights the past week have been as follows :_________
Satur.
Liverpool, steam d.
Do
sa il.-.d .
Havre, steam — e.
Do
sail......... c.
Bremen, steam e.
Do
sail....... e.
Hamburg, steam c.
Do
s a il...c.
Amst’ d’m, steam.c.
D o via L eith .d.
Reval, steam ....<?.
D o sail.......... d.
Barcelona,steam d.
Genoa, steam .. . d .
Trieste, steam .,.<?•
A ntwerp, steam d.
* Per 100 lbs.
Mon.
Tues.
Wednes. Thurs.
F ri.
B64®332 564®3S2V
....
....
■982
•932
332
332
332
....
....
....
932
932
932
°22
....
....
....
....
....
....
n S2
n 32
H 32
n 32
X132
n 32
....
....
....
....
....
....
»32® 5] g 932®b16 932®B16 932®S1.&*
932®516 932@516
....
....
....
....
....
....
30*
30*
30*
30*
30*
30*
....
....
....
....
....
....
1364® l4 1364@14 13e4@ 14 13g4=®I4 1364®14 1384®
....
....
....
316@1364 d16®l364
1364®732 I364@l4 1364® ^ 1364@ *4
X364
I364
1364
1364
1364
1364®732
14
I4
H
H
*4
332
....
764
332®764 332®764
s32®764
332@ l8
332@1&\
THE CHRONICLE.
3, 1888.]
M arch
L i v e r p o o l .— B y cable from Liverpool we have the follow¿ i n g statement o f the week’s sales, stocks, & c., at that port,
W e add previous weeks for comparison.___________________
Feb. 10.
*jj B ales o f the w eek .............. bales
O f which exporters t o o k ....
O f which speculators t o o k ...
‘"B a le s A m e rica n ..................... .
A c t u a l e x p o r t............................ .
¿Forwarded .................................
* 'T o ta l stock—E stim ated............
O f which Am erican—Estim’d
'T o ta l im port o f the w eek.........
O f whioh A m erican............
A m o u n t afloat............................
O f which A m erican................
61,000
5.000
3.000
48.000
7.000
24.000
840.000
661.000
166,000
153.000
214.000
187.000
Feb. 24.
Feb. 17.
63.000
4.000
6.000
49.000
6,000
20.000
852.000
668.000
90.000
66.000
217.000
191.000
Mar. 2.
64.000
4.000
5.000
48.000
7.000
21.000
847.000
673.000
77.000
69.000
186.000
160,000
69.000
8,000
7.000
52.000
7.000
20.000
871.000
688.000
105.000
78,000
184.000
163.000
The tone of the Liverpool market for spots and futures each
•¿day o f the week ending Mar. 2 and the daily closing prices
-«o f spot cotton, have been as follows :
Spot.
Saturday Monday. Tuesday.
Wednes. Thursd'y. Friday.
Good
In buyers’ business
favor
Market, i
312:30 P.M. J
Quiet.
Steady.
Freely
offered.
fM id.U pl’ds.
-M id. Orl’ns.
'S a le s ...........
' Spec. & exp.
5%
8,000
1,500
5%
10,000
1,000
5%
10,000
1,000
£ s i6
14,000
2,500
5%
12,000
1,500
Quiet.
Easy at
1-64 de
cline.
Quiet at
1-64 ad
vance.
Steady.
Easy.
Firm.
Quiet at
1-64 advance.
Very
steady.
Futures.
Market, ) Steadyadat
--12:30 P.M. J 1-64
vance.
Market, ? Quiet and
4 P. M. ( steady.
Quieter.
5%
5%
10,000
1,000
Quiet at
2-64 de
cline.
Easy.
The opening, highest, lowest and closing prices o f futures at
L iverp ool for each day of the week are given below. These
p r i c e s are on the basis o f Uplands, Low Middling clause, unless
■otherwise stated.
_
The'prices are given in pence and 64 ths
“ 4 63-64d., and 5 01 means 5 l-64d.
S a t., F e b . 2 5 .
th u s:
M o n ., F e b . 2 7 .
4 63 m eant
T u e s ., F e b . 2 8 .
295
Indian c o t b , which, on a moderate speculative business,
fluctuated early in the week, but went off in price about %
cent (partly on Western promises of an inoreased interior
movement) rallied on Wednesday and Thursday very sharply,
partly on contract needs (no contract deliveries being made
on Thursday), and very free buying for the longs. Prompt
deliveries varied with options, but, partly from very scant
offerings, ruled very quiet. There was‘ a buoyant opening to
day in response to Western manipulation, but part of the early
advance was lost.
DAILT CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
March d elivery.........
A pril delivery................ . . .
May delivery.............. .
Juñe delivery.................
July delivery.................
August d elivery............. . . .
September d eliv ery .. . . . . .
Mon.
58%
585a
58%
58%
58%
59%
59%
59
49%
60%
Tues.
58%
58%
58%
57%
58%
59%
Wed.
58%
58%
53%
58%
58%
59%
69%
Thurs.
60%
60%
59%
59%
59%
59%
60%
F r i.
60
60
59 %
59%
60
60
60
Oats were without marked changes or important trading
up to Wednesday, when, on a turn to increased activity and
on light offerings, prices rallied. No contract deliveries noted
on Thursday here.
There was some further improvement
to-day.
DAILT CLOSING PRICES OF NO. 2 MIXED OATS.
Sat.
57%
March delivery................. . .
A p ril d e l i v e r y .................. ...........
M ay delivery.................... . . 37%
Mon.
37%
Tues.
37%
37%
37%
....
Wed.
37%
37%
37%
Thurs.
38 i
377a
37%
Fri.
88% .
88%
37 %
Thurs.
39%
39%
39%
F ri.
DAILY CLOSING PRICES OF NO.i 2 WHITE OATS.
March d e liv ery ................ . .
A p ril d e liv e r y .................. .. ..
M ay d elivery.......................
Sat.
39%
39%
39%
Mon.
39 j
Tues.
33%
39
38%
....
....
Wed.
39%
39%
39%
39%
Rye was without movement, but held firm ly; offerings
insignificant. Buckwheat dull and unchanged. Barley had
more attention and ruled firm; on Tuesday 30,000 bushels o f
choice Canada sold at $1 @ $ 1 02.
Important shipments of
Danubian barley are reported as on the way hither,
The following are the closing quotations:
FLOUR.
Open High Low. Clos. Open High Low. Clos. Open High Low. Clot.
^February ..
Feb.-March
Mar.-April.
April-May..
May*June..
Jnne-J uly..
July-Aug...
Aug.-Sept..
■^September.
d.
534
5 84
5 85
6 36
588
5 40
5 42
5 42
5 42
d.
5 34
5 34
5 85
5S6
538
5 40
5 42
542
6 42
d.
534
584
5 35
536
538
5 <0
5 42
542
542
d.
534
5S4
585
536
»38
5 40
5 42
5 42
542
W e d n e s, F eb . 2 9 .
M arch .......
Mar.-April.
April-May.
May-June..
June-July..
July-Aug ..
Aug.-Sept..
"September.
Sept.-Oot ..
d.
5 35
535
535
536
538
5 40
542
5 42
542
d.
585
5 85
5 35
537
538
5 40
5 42
642
542
d.
5 85
5 85
535
636
5 38
5 40
5 42
5 42
542
d.
535
535
535
537
538
5 40
542
5 42
5 42
d.
538
533
533
585
537
5 34
5 40
5 40
5 40
T h u r s ., M a r . 1 .
Oven High Low. Clos. Open High Low.
d.
d.
d.
a.
d.
d.
d.
5 32 5 32 5 32 5 32 534 534 5 34
5 32 5 32 5 32 532 583 5 34 533
534 5 34 5 34 534 535 535 535
5 36 536 586 5 36 587 5 37 5 87
5 38 5 88 5 38 538 589 539 539
5 39 5 40 539 5 40 540 5 41 5 40
5 89 5 40 5 39 5 40 5 40 541 5 40
5 89 5 40 5 39 5 40 5 40 5 41 540
530 5 30 530
d.
533
533
533
5 85
537
5 38
5 40
5 40
5 40
d.
532
5 32
5 32
534
536
5 88
539
5 40
540
d.
5 32
5 32
5 32
534
536
5 33
5 39
5 40
5J40
F r i., M a r . 2 .
Clos. Open High Low. d o t.
d.
d.
5 84 5 31
584 5 31
535 333
6 37 5 85
5 39 5 87
541 538
5 41 5 39
5 41 5 89
5 SO 528
d.
5 31
5 31
5 33
5 35
5 33
5 38
5 39
539
528
d.
5 31
5 81
533
534
586
588
538
538
527
d.
5 31
5 31
5 33
5 34
536
■5 38
538
5 38
5 27
B R E A D S T U F F S.
. . .
W heat—
Spring, per b u sh ... 85 ®
Spring No. 2 . . . . —, 89 ®
B ed w inter No. 2 .. . t.91 ®
Bed w inter.............. 86 ®
W hite....................... 85 ®
Dorn—W eafn m ixed. 58% ®
West’s m ixed No. 2. 60% ®
Western w hite....... 59 ®
Western y e llo w .... 59 ®
Southern y e llo w ... 60 ®
Bye—
State A Pa., $ bush. 69 ®
93%
92%
92%
93
F ri.
90
90%
91%
91%
90%
93%
00 ® 3 2 5
2 0 9 3 25
20 ® 8 3 0
95
90
92
93
93
62
61%
62
62
62%
74
Oats—M ix ed ............ 37*2 » 4 0
W hite..................
39*2® 44
No. 2 m ixed ......... . 38 % ® 3 9 %
No. 2 w h i t e ..... . . . 4041,9 41 %
Barley—
Canada No. 1 ......... 95 ® 1 0 0
Two-rowed S ta te.. 83 » 85
Six-rowed S ta te .... 85 ® 88
M ilwaukee No. 2 ... 87 ® 9 0
Malt—State, 4-rowed. 1 00 9 1 0 5
State, 2 -r o w e d ..... 90 9 95
B u ck w h e a t.... . . . . . .
66 ® 63
The movement of breadstuffs to market is indicated in th e
statement below, prepared by us from the figures of th e N ew
York Produce Exchange. W e first give the receipts at Western
like and river ports, arranged so as to present the com petelive movement for the week ending Feb. 25, 1888, and since
August, for each of the last three years:
Receipts at—
NO. 2 RED WINTER WHEAT.
Mon.
Tues.
Wed.
hura.
89%
89%
89%
ae%
90%
90%
90%
9058
91
91%
91%
91%
90%
90%
90%
90%
90%
90%
89%
90%
89%
89%
89%
89%
50 ® $ 4 2 9
30® 3 6 9
30® 2 5 9
GRAIN.
F r i d a y , P. M., March 2 ,1 8 8 8 .
A fair movement was reported in flour through the week
th ou gh the market was not generally active. The deman<
•was mostly from home trade sources. In several instances
•marly in the week, receivers met the requirements of buyer
at further slight reductions in prices for medium and higl
. grade extras, which had accumulated. Low grade stock hef
its own well, as not plenty and in rather more request
-Shippers bought moderately.
On Thursday the increasei
«firmness in wheat tended to steadiness, and the inquiry wa
m ore general. Corn meal was without change, anu slow o
sale. The market to-day was steady, but quiet.
Very slight changes occurred in wheat through the earlier
S flg f !°*
week, on & moder&t© speculation and restricted
"business in early deliveries, though the drift was to easier
^figures, with the W est irregular and cables lifeless. Ship
vpers bought very moderately, partly to cover old freight con
tracts. Milling inquiry limited. On Wednesday and Thurs
-day the market was firmer, though irregular, and on Thurs
day m options more active while dull in prompt deliveries
•Contract deliveries on Thursday were under 330,000 bushels
^n d the bulk to two firms, largely in control of supplies here
ihere was a slightly firmer feeling to-day, but a dispositior
to advance ocean freights kept the export business withir
marrow limits.
DAILY CLOSING PRICES OF
Sat.
M arch d e liv e r y ....
89%
April d e liv e ry .......
90%
May d e liv e ry . . . . . .
91%
-J line delivery.........
91%
Ju ly d e liv e r y .......
90%
A u g u st d elivery ...,
89%
D ecem ber delivery.
93%
Fine................... $ bbL $2 10® $2 60 Southern bakers’ and
8 a p e r l l n e . ..... 235® 30 0
fam ily b r a n d s ...... $3
Spring wheat ex tra s. 2 65® 3 15 B ye flour, superfine.. 3
Sunn, clear and stra’t . 3 50® 4 35
F ine............................ 2
Winter shipp’g extras. 2 75® 3 15 Corn meal—
Winter X X and X X X . 3 25® 4 40
Western,
.... 3
P a t e n t s . . . . . . . . 4 1 0 ® 4 90
B r a n d y w in e ........ 3
Southern s u p e r s ...... 2 65® 3 00 Buckwheat flour, per
South’n com . ex tra s.. 3 00 ® 3 40
lO O lb s ... . . . . . . . . . . . 2
Chicago ......
Milwaukee...
T o le d o ........
D etroit........
C levelan d...
St. Louis......
Peoria...........
Duluth..........
Minneapolis.
Tot.wk. ’88.
Sam ewk.’87.
Same wk.’86
Since Aug. 1.
1887-8.......
1886-7*.......
1885-6*.......
Flour.
Wheat.
Corn.
Oats.
J
Barley.
Rye.
B bls.im bs Bush.60 lbs Bush.56 lb' Bush. 32 lbs Bush.4S lbs\ Bu. 56 lbs169.785 1,048,499
193,981
789.195
251,892
16,342
145.455
83,100
50,251
39,000
80,700
12,906
17,753
20,279
2.810
680
729
2,999
15,258
10,874
33,149
9,315
5,231
83,648
16,310
80.064
4,700
62»
14.060
23.078
401.040
77,010
75.72)
5 5»
13;000
141,250
143,200
1,547
33,000
5,050
2,994
1,019,940
270,879
152,641
159,413
1,538,801
1,092,064
1,008,374
1,675.736
1,125,676
2,883,902
1.090,023
893.110
995,005
455,337
421,204
462,882
80,208
25.110
83,092
7,241.169 79,341.119 53.597,479 46,772,636 19,108,487 1,473,879
6,354,013 65,986,248 54,879.469 41,559,305 17,605,143j 1,505,661
5,010,309] 45,100.1531 58,585,971 37,896,068 16,405,916 2,323,587
* Include one week extra.
The receipts of flour and grain at the seaboard ports for the
week ended Feb. 25, 1888, follow :
Flour,
At—
bbls.
New Y ork ......... 113,287
B oston.............. 47,431
M ontreal...........
6,480
Philadelphia. . . 14,914
Baltim ore......... 89,882
R ichm ond........
4,116
N orfolk, V a ... .
8 ,5 0 i
New O rleans...
Total week. 284,611
Cor. w eek ’8 7 .. 252,028
Wheat,
bush.
21,450
37,851
58,200
18,050
14,686
25,671
Corn,
bush.
52,150
261,684
3,500
70.764
226,489
7,555
11,645
175,908 633,787
600,842 1,588,028
Oats,
B a rley
bush.
bush.
424,000 122,150
151,827 19,410
22,700
2,400
60,289 21,000
26,615
21,534
B ye,
bush.
7 ,9 0 0
1 ,0 7 »
1 ,4 0 4
20,572
727,537 164,960
542,946 101,485
10 .3 7 4
1 6 ,053
The exports from the several seaboard ports for the weeic
ending Feb. 25.1888, are shown in the annexed statements
THE CHRONICLE
296
E xports
fr o m —
Wheat.
Corn.
Bush.
539,505
16,050
Bush.
257,386
23,480
Bbls.
90,941
22,579
18,249
171,427
83,475
14,53*2
54,814
807
T ot. w ’k. 797,555 554,017
S’me time
1887. .. 1,579,183 1,337,266
187,598
1,965
195,863
3,604
N ew Y ork
B o sto n ....
Portland.
N. N e w s .
N orfo lk ..
PM Ladel.
Baltlm ’re
N. Orl’n s .
R iehm ’d .
Flour.
80,506
Oats.
Bush.
1,965
3,925
161,500
[ V o l . XL VP
ued at $612,924, and 4,505 packages, valued at $296,172, have
gone to South America. For the similar period of 1887 the
exports to all ports reached 80,535 packages and in 1886 were
Bush.
Bush.
1,670 35,633 packages. A t first hands the demand for staple cotton
goods—other than cotton flannels, in which a large business
was transacted at an advance of about 1% per cent over last
year’s prices— was only moderate, but there was a good steady
movement in plain and colored cottons on account of back
orders, and the jobbing trade was of good dimensions. Low
grade bleached goods are a trifle easier, in sympathy with
print cloths, but all other staple cotton fabrics are firmly held
1,670 at unchanged prices. Print cloths were quiet and prices have
51,396 declined to 3 % @ 3 % c . for 64x64s, and 3 5-16c. for 56 x60s,
19,991
despite the exceptionally small stocks on hand. Stocks last
s t o c k s in g r a n a ry
Saturday and for the three previous years were as follows:
Peas.
Rye.
The v is ib le s u p p ly o f g r a in , c o m p r is in g t h e
a t the p r in c ip a l p o in t s o f a c c u m u la t io n a t la k e a n d sea b oa rd
ports, a n d i n tr a n s it b y w a t e r , F e b . 25, 1888 :
I n start at—
M ew Y o r k .,.........
D o afloat.........
A lb a n y ..................
B u ffa lo..................
“
a floa t...
C h ic a g o ................
“
a flo a t.,..
M ilw au kee...........
D u lu th..................
T o le d o .................. ,
D e tr o it..................
O sw ego.............. ...
St. L ou is................
a flo a t...
C incinnati.............
B o s to n ................. .T oron to..................
M on trea l..............
P h ilad elp h ia. . . . .
P e o r ia ...................
Indianapolis.........
Kansas C ity.........
B a ltim o re .............
eapc
St. P a u l . . . . . . .......
O n M ississippi—
O n canal & river.
Wheat,
bush.
5,974,742
C om ,
Oats,
bush.
bush.
1,040,648 1,099,403
1------2 0 ,0 0 0
2 ,0 0 0
2,000
1,682,161
99.000
306,328
84,800
80,018
52,000
941.854
Stock o f P rin t Oloths—
H eld b y Providence m a n u frs.
F all R iver m anufacturers..
bu»h.
Providence sp ecu la tors.......
46,879
Outside speculators (e st)....
230.0' >0
406,300
T otal stock (pieces).............
665,328
B arley,
B ye,
bush.
10,818
5,000
46,150
68,481
1888.
Feb 25.
1887.
1886.
Feb. 26. Feb. 27.
45.000 103,000
64.000
68,000
47.000 256,000
22.000
25,000
6,000
16,000
None
3,000
25,000
178,000
1885.
Feb. 28.
49 0,00 0
----------412.000
320.000
350.000
452,000 1,572,000
Prints were in moderate demand, and a good steady busi
26,211
5,455.119 2,370,879
ness was done in printed sateens, lawns, batistes, ginghams,
665 344
14,235
130,063
2,116,925
35,704
81,758
17,016
seersuckers and other cotton dress fabrics, by agents and job
6,949,421
16,698 bers alike, while white goods and table damasks were fairly
16,330
1,699,529
121,173
4*617
62,940 active in movement and demand.
15,729
1,379,201
46,370
35,612
900 267,600
51,000
35,000
D o m e s t ic W o o l e n G o o d s .— Men’s wear woolens were
35,690
10,957
3,033,390 2,207,265
in moderate request by buyers on the spot, and very
210,000
86,000 fair orders for heavy cassimeres, suitings, worsteds and
37,000
181,000 213,000
22,000
3,725 overcoatings were received by the commission houses
1,652
115,336
96,186
155,169
20,431
900
1,596 175,950 through their representatives on the road. Desirable makes
159,097
13,178
6,214
3,950
247,400
59,137
of clothing woolens are now well under the control of orders,
54,603
116,736
381,331
13,072 and prices are generally firm, though low and not very remu
47,390
3 4 4 ,0 1 6
464,380
75,256
203,555 218,420
74,655
3,070
nerative to the mills. Satinets, Kentu ky jeans and doeskins
126,077 138,117
301,083
were only in moderate demand, but such makes as govern the
324,354
660,809
market are firmly held by the mill agents. A ll-w ool and
,519,163
420,000
worsted dress goods were distributed in very fair quantities
250,200
75,400
by commission houses and job e rs alike, and stocks are so
6,300
7,600
well in hand that prices remain firm. For flannels the demand
Tot. Feb. 25, ’ 88. 38,461.453 8,848,232 4,872,163 376,992 2,486.715 was restricted to a few specialties, and blankets ruled quiet,
Tot. Feb. 1 8 .’88 39,564.709 8,234,494 4,953,602 367,016 2,737,523 but h fair business was done in carpets, and there was m ore
Tot. Feb. 26, ’87. 57,627,225 16,134.015 4.736.016 428.34S 2.042.011
Tot. Feb. 27, ’ 86. 52,149,696 11,503,910 2,247,859 730,217 1,384,352 inquiry f<>r wool hosiery and underwear for next fall.
F o r e ig n D r y G o o d s .— Imported goods were in irregular
Tot. Feb. 28, ’85* 43,435,883 6,506,458 2,505,887 1,560,021 496,820
demand at first hands, but a fair business was done in some
* M inneapolis and St. Paul not included.
desci iptions, and the jobbing trade was decidedly more active
According to Beerbohm’s London cablegram, the amount of in some classes of goods. Dress goods and silks were in fair
■wheat and corn on passage at the dates mentioned stood as request, but velvets and plushes ruled quiet, and the demand
follow s:
for ribbons and millinery goods was irregular. Linen and
white goods, handkerchiefs, laces, embroideries, hosiery and
fabric gloves were fairly active, and prices remain steady on
Week ending Feb. 29. Week ending Feb. 22.
Grain on Passage.
all desirable makes.
Wheat.
T o United K in g d om ., qr a.
T o Continent......................
309,000
6 6 ,0 0 0
Corn.
347.000
103.000
g
Week end'g Week end'g A p ril 1 to
Feb. 25.
Feb. 18.
Feb. 25.
Exports o f Wheat fr o m Ind ia.
80,000
80,000
40.000
60.000
12.900.000
12.060.000
T otal.................................... ..bush .
160,000
1 0 0 ,0 0 0
24,960,000
ts :
THE DRY GOODS TRADE.
N e w Y o r k , Friday, March 2,1 888 .
GOO*
0305
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o<l ■oi
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o to
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oto
GDM c o o i o o t
COto M05M05O
GOIt* m05m M<1
copi
ooo <J<OTMOCO
MOD H*CD0500to
oco <i£-mpoo
ÜT05 'tOCDMtOM
O^IQOOM
Or 00
05<1 CD<1H 05M
00
03
CD
03
o
to
to
oT
to
M
05
M
to
cop
C?tM
<|03
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o t o to com
<iqd OHm
0503m<lQ0
M
m CD GO GO
M030 to 03
COMCO003
005 mCD05
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03
pcotorf^m
mboMooao
Mm MCDCO
CDtOMtO<1
Co
03M0CC5 05
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ÜIMCOCO-Q-Qä
05Om<lM $
Mto MO03
GOCDMM00
mOM CD
GO030303tO
ommooto
to
2,120,573
1,279,718
1,013,909
612,808
769,766
to
tO
M
M
05
00
1 29,743,330 1
00c o to n o
TOQOCOOl
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OfGO com to tom
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00
00
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O COtOMMM
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05 0005 0 0 5 0
455,2731 53,211 1 5,796,774
2,940,838 177,957 1 23,946,556
to
M M
£>>03000 03
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COGDMCoVl
03050050
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to
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05005Ï005
0503<1CDGO
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1,700,020
1,356,095
1 1,081,065
1
614,194
570,705
rf^COlOOKJi
VcoMOto
M
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i 1
5,322,079
22,512,461
gon
M
osto
tcf<l
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g,
3
g g -Ë S -o g
g ;
43,411
101,466
The past week has witnessed a continuation of the active
business lately developed in jobbing circles in this city, and
repoits from most distributing centr« s in the Western, South
ern and Middle States indicate that the spring trade in dry
goods is progressing favorably. There is now in this market
a large representation of retail buyers from most sections of
the country who are making liberal provision for the coming
season, and while their purchases are not at all of a specula
tive character, they are taking hold with a degree of freedom
denoting ample confidence in the stability of prices, and in the
trade outlook. The increased activity in the jobbing trade
throughout the country was reflected in a freer re-order de
mand for certain specialties at first hands, and manufacturers
agents and importers continued to make steady deliveries on
account of back orders, but operations by wholesale buyers
bn the spot were comparatively light. A feature of the week
was a peremptory auction •sale of 1,000 pieces American silk
tibric&/thpr®4^<$tion df the Phoenix Manuiacturing Co. of
> ^ a t e r a § | 3 ^ J ,,. and AUeiitown, Pa.), which attracted a large
« company of buyers; The bidding was spirited, and the entire
line was quickly disposed of at prices which more than real
ised the expectations of the owners.
D o m e s t ic C o t t o n G o o d s , — The exports of cotton goods
from this port for the week ending Febuary 28 were 8,323
packages, valued at $206,363. These shipments include 1,459
to China, 563 to South America, 523 to the W est Indies, 369 to
Ad en , 163 to Central America, 87 to England, 72 to Mexico, 41
* to Newfoundland and 46 to all other countries. Since the 1st
o f January the Reports aggregate 28,163 packages, valued at
$1,650,316. O f this total China has had 12,835 packages, val
to
M
05
O
M
O
13,328,300 1 144,877 1 27,834,540l 131,014 13,396,111
<1MtOCO05
05COto
M05 000
woo mCC^lMCD
toco
2
Il3,243
T o United K ingdom ................ ..bush.
T o Continent............................ ..bush.
Manufactures of—
W o o l .....................
C o tto n ..................
S U k .......................
F l a x ... .................
M iscellaneous .........
g
The exports of wheat from India for the week, year and
season are as below:
444,370
2,883,930
1.755.000 450,000
14,040,000 3.600.000
1.496.000 3.232.000
I m p o r t a t io n s o f D r y G o o d s .
The importations of dry goods at this port for the week
ending March 1,1888, and since Jan. 1, and the same facts for
Total on m ark et...
1,942,000 375,000
15.536.000 3,000,000
20.752.000 3,184,000
Wheat.
1,588,000
167,000
T ota l1.................
E nt’d fo r consum pt
Total quarters............
E qual in bushels................
Same week in 1887. .bush.
C om .
1,737,000
205,000
333*,292
noiaaswcn
o a>ooio w
OO 050500
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00 b3f- If*-(f*"6e
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O H H bO M
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?
THE CHEONICi,
March 3, 1888. ]
vii
©anadian and ffnneifln $auhs and p?aufecrs.
C A N A D IA N .
'g ïïK ti
F O R E IG N
The Bank of Australasia.
THE
4 T b r e a d n e e d le S tree t, L o n d o n .
(Incorporated b v Royal Charter, 1835.)
Bank o f Montreal.
[ESTABLISHED 1818.]
Railway Share Trust Co.
C A P I T A L P a id in - - # 1 2 ,0 0 0 ,0 0 0 G old
SU RPLU S - # 6 ,0 0 0 ,0 0 0 G o ld
Hon. Sir DONALD A . SM ITH, President.
W . J. BUCHANAN, General Manager.
(LIMITED).
NO. 4
B A N K
B U IL D IN G S
LONDON, ENGLAND.
N E W YORK OFFICE:
Som. 5 9 & 6 1 W A L L S T R E E T ,
W ALTE R W ATSO N ,)
A l e x ’ r LANG,
S A g e n ts.
Bay and sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Travel
ers’ Credits, available in any part o f the W orld;
issue drafts on, and make collections in, Chicago
and throughout the Dominion o f Canada.
L o n d o n O ffice. N o . 2 2 A toek u rcli L a n e .
Imperial Bank o f Canada.
C A P IT A L , (paid up)
SU RPLU S
H.
-
H ong Kong & Shanghai
C a p ita l P a id
BRANCHES IN N o r t h w e s t —W in n ipeg, B ran d on ,
C algary.
Agents in London :
Agents in New York :
L loyd ’s Barnett’s & Bos
BANK OF MONTREAL,
anquet’s
itllUUCb ¡5A
Bank,
ldilin, limited.
limn/vu. I
.
«
.
Prom pt collections made in any part o f Canada.
D r a w e r s o f S t e r li n g E x c h a n g e ,
The Merchants’ Bank
OF CANADA.
Capital, Paid Up. • • ■ $5,799,200
Reserve,........................... 1,700,000
HEAD
O F F IC E , M O N T R E A L .
A N D R E W A L L A N . Esq., »resident.
ROBERT ANDERSON. Esq., Vice-President,
GEORGE H A G U E. General Manager.
JOHN G A U LT, Branch Superintendent.
B AN KERS :
LONDON, ENG.—The Clydesdale Bank (Limited.)
N EW VORK—The Bank o f New York, N. B. A .
A general Banking business transacted. Letters
o f Credit issued, available in China, Japan and
other foreign countries,
N e w Y o r k A g e n c y , N o . 6 1 W a l l S treet.
HENRY HAGUE,
)
JOHN B . H A R R IS , JR., j Agents.
AGENCY
B
a
OF
n
THE
issues Loans on the London Market, acts as Agent for
Railways and other Corporations, either in the mat
ter o f payments o f Interest on Loans, Dividends on
or Registration o f Stock* in London, or otherwise.
Cable Address—p a v y , L ondon .
No. 52
W ALL
STREET.
Blake, Boissevain & C o.,
LO N D O N , E N G L A N D .
N e g o tia te Railway, State and City loans.
E x ecu te orders fo r Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Commission Business.
S p e cia l a tten tion given to the execution o f
orders fo r Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
18
28
BROTHERS
W a l l S tree t, N e w
&
C O .,
Y ork,
S tate S treet. B o s t o n , m a s s ,
AND
F O R E IG N .
A D O L P H B O IS S E V A IN & CO.
A m ste rd a m . H o lla n d .
THE
Anglo-Californian Bank
Heinemann & C o.,
(LIMITED).
62 Gresham House, E. C.,
L O N D O N , H ead Office, 3 Angel Coart.
S A N F R A N C IS C O Office, 200 Sansome St.
N E W Y O R K Correspondents,
J.
B O S T O N Correspond’ts, Massachusetts N. Bfe.
A u t h o r iz e d C a p it a l, - - - # 6 .0 0 0 ,0 0 0
P a id -u p C a p it a l, - - - - 1 ,5 0 0 ,0 0 0
R eserve F u n d , - - - - - 5 0 0 ,0 0 0
Transact a general banking business. Issue Com
mercial Credits and Bills o f Exchange,available in all
parts o f the world. Collections and orders fo r Bonds,
Stocks, etc., executed upon the m ost favorable terms.
FR ED ’K F. LOW ,
)
IGN A TZ STEIN H ART, $ Mana« ers'
P. N. LTLENTHAL, Cashier.
The United States Life
Insurance Co.
IN
TH E ENGLISH ASSOCIATION OF AM ERICAN
BOND AN D SH AREHOLDERS (LIM ITED) are
prepared:
1. T o obtain Registration o f American Railway
Shares in the name o f the Association, lodge them
with the London & Westminster Bank, and issue
against the deposited Shares the Certificates o f the
Association, countersigned by the Bank. The certi
ficates have coupons fo r dividends attached, and
upon presentation o f the advertised coupon at the
office o f the Association the dividends may be ob
tained the same day they are payable in the U. 8.
2. Or they will obtain Registration o f Shares in
the name o f the Association, deliver up the Shares
duly endorsed to the owner, and pay the dividends
at the office o f the Association in London the same
day they are payable in the United States.
3. Or they will obtain Registration o f Shares in
the owner’s name, and collect the dividends by
power o f attorney.
Under plan No. 1 British holders o f American
shares are enabled when necessary to take immedi
ate com bined action in voting, the power being used
by the Association on instructions from holders o f
certificates representing shares in any particular
railway. This plan also affords absolute security to
lenders o f m oney on Am erican shares, as A ssoci
ation certificates are only issued upon newly-verified
share certificates.
The original American shares can always be re
exchanged a tshort notice, free o f expense, on pre
sentation o f the Association’s Certificates at the
office.
The charge fo r registration and fo r the A ssoci
ation’s Certificates is 3d. per share.
SAMUEL POPE, Q. C., Chairman.
JOSEPH PRICE, Managing Director.
F. P. B A X T E R , Secretary.
Nos. 5 and 6 Great W inchester St., London, E. C.
The Association acts as Transfer Agents in Lon
don fo r American Railway Companies, in conjunc
tion with the London agents o f the Mercantile
Trust Company o f New York as Registrars.
Agents in the United States,
_____________ POOR & GREENOUGH, 36 W all St.
LO N D O N .
& W. Seligman & Co.
Solicit accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur
chase and sale of Bonds, Shares, <fce., &c. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
one per cent below that rate subject to
demand drafts.
N egotia te Railway, State and CityZLoans.
C O R P O R A T IO N .
A . Mi. T O W N S E N D . A ffe n t , 5 0 W a l l S t.
R E G IS T R A T IO N O F
k
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
Iso on Canada. British Columbia and San Francisco.
C I R C U L A R NOTES issued in Pounds Sterling
available in all parts o f the world. C O M M E R
C I A L C R E D IT S rSSUED for use in Europe,
China, Japan, East and W est Indies and the Brasils,
River Plate, &c.
Bills collected and other banking business trans
acted.
;d . a . m c t a v i s h , >
H . 8TIKEM AN,
( A *®nM*
B A N K IN G
Paid-up Capital........... .................................... $7.500,000
Reserve Fund.................................................. 3,900,000
Reserve Liability o f P rop rietors.............. 7,500,000
The Corporation grant Drafts, Issue Letters o f
Credit fo r use o f Travellers, and negotiate or eoUeot
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, H ong Kong, Foochow, Am oy,
Ningpo, Shanghai, Hankow, Yokohama, H iogo, San
Francisco and London.
American Railway Shares.
or
B ritish N orth A merica ,
S te r lin g .
This Company undertakes the business o f Trustee
S. H OW LAN D, P res’t. T. R. M E R R ITT, V .-P.
D. R . W IL K IE , Cashier.
B r a n c h e s i n O n t a r i o —Essex Centre, Fergus,
Galt, Ingersoll, Niagara Falls, P ort Colhourne,
St. Catharines, St. Thomas, T oron to; Toronto,
Yonge St. Br.; W elland. W oodstock.
U p , « 9 7 1 ,8 6 0
to Loans of approved Railways, negotiates and
# 1 ,5 0 0 ,0 0 0
- 5 5 0 ,0 0 0
H E A D O F F IC E , T O R O N T O .
Paid-up Capital, - - - - - - £1,600,000
Reserve Fund, - - - - - - 800,000
Reserve Liability o f Proprietors
under the Charter - - - - 1,600,000
Letters o f Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent fo r collection.
Telegraphic transfers made.
Deposits received in London at interest fo r fixed
periods, on terms which mav be Ascertained on ap
plication.
P R ID E A U X 8ELB Y. Secretary.
THE
C IT Y
OF
NEW
YORK.
(ORGANIZED IN 18EC.)
261, 262 & 263 Broadway, New York.
GEO. H. BURFORD, President.
C. P. F r a l e ig h , Sec.
AW
h e e l w r ig h t , Asst. Sec.
W m . T. St A n d e n , Actuary.
In c r e a s e i n A s s e t s o v e r - - - # 1 0 0 ,0 0 0
I n c r e a s e i n N e w B u s i n e s s , - - - 4 0 p e r cent.
I n c r e a s e o f B u s i n e s s i n F o r c e , - # 2 ,4 0 0 ,0 0 0
POLICIES INCONTESTABLE.
CLAIMS P A ID PR OM PTLY.
TEN D A Y S ’ GRACE.
ABSOLU TE SECURITY.
T h e m ost lib e r a l an d e q u ita b le c o n tr a c t
c o n sisten t w ith r e co g n iz e d b u sin e ss p r in
c ip le s .
GOOD AGENTS, desiring to represent the Com
pany, are invited to address J . S . G A F F N E Y ,
Superintendent o f Agencies, at H om e Office.
E Q U IT A B L E
M ortgage C om pany.
C ap ital S u b s c r ib e d .......... -........... # 2 ,0 0 0 ,0 0 0
P aid in (C ash ).................................. 1 ,0 0 0 ,0 0 0
D E B E N T U R E S ,
Bearing 6 per cent, running ten years and based
exclusively upon W estern Farm Mortgages, held in
trust by the American Loan & Trust Company, o f
New York, fo r the benefit o f the bondholders. Their
safety, time to run and rate o f interest make them
the m ost desirable investment now offered. Also,
GUAR ANTEED FA R M
MORTGAGES.
O F F IC E S «
New York, 208 Broadway I Phila., cor. 4th&Chestnut
Bouton. 23 Court St.
I Kansas COy, 7th& D e l.S f
6% THE AMERICAN
G
INVESTMENT CO,,
O
1 5 0 N a ssa u S tree t, N e w Y o r k ,
L Offer extraordinary inducements
IN V E S T M E N T
in
S E C U R IT IE S
ALL GUARANTEED,
Assets, October 1st, 1887, $1,866,836 68.
Send fo r full inform ation and references.
INVEST T H R O U G H T H E SOUND
R E L IA B L E
„
AND
WESTERN
CO.,
FARM
MORTGAGE
LAW RENCE, KAN.
F .M . P e r k i n s , Pres’t.
Paid Up C a p ita l,
-
-
L .H . I’ E R K iN S .S e c.
-
-
# 2 5 0 ,0 0 0
T he choicest First Mortgage Farm Loans, also the
Company’s Ton Year Debentures, based upon Its
>aid np capital and assets o f over $850,000. N o losses,
Eleven years’ experience, with, absolute satisfaction
X) over 1,500 investors. Send fo r circulars, form s and
Full information, Branch offices in N. Y. City and
Albany. New York Office 187 Broadway.
Im p o rta n t N o t ic e .
TO HOLDERS OF EANSAS REAL ESTATE
MORTGAGES:
Send to HODGES & KNOX, TO P E K A , KANSAS,
for Free P uaphlet containing the com piled ,Laws o f
Kansas relating to ReabJSstate’ Mortgages.
THE CHRONICLE.
tenltcvs
im a
fptjcr&ers ©ut
of
[V o l. X L V I.
Ujew ‘ijcrtrk.
%UOUXVLUtt.
Wilson, Colston & C o.,
Brewster, Cobb
BANKERS AND BROKERS,
Members of Baltimore Stock Exchange),
& Estabrook,
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECURITIES a
BANKERS,
NO.
35
CO N G R E SS
STREET,
...........
meclalty.)
BOSTON.
Correspondence solicited and Information for.
ilihed.
N. Y. Correspondents—MoKlra Brothers A Co.
MEMBERS OF TH E NEW Y O R K AN D
BOSTON STOCK EXCHANGES.
Robert Garrett & Sons,
S t a le r « I n M u n ic ip a l, S ta te , R a ilr o a d
a n d U n it e d S ta tes R o n d s .
BANKERS AND BROKERS,
No.
53
STATE
STREET,
ROSTON.
MEMBERS OF BOSTON, N EW YORK AN D
P H IL A D E L P H IA STOCK EXCHANGES.
S to c k s a n d
Wilbour, Jackson & C o.,
BAN KERS AN D BROKERS,
No. 52
N o.
W EYBOSSET
7
SOUTH
RANSACT
A
F O R E IG N
GE N ER A L
BANKING
H . B . MOREHEAD.
DOMESTIC AN D
BUSINESS________
B AN KERS AND BROKERS,
AND D E ALERS IN FOREIGN EXCHANGE.
425 W o o d S treet, P itts b u r g , P a
MEMBERS
New York and Philadelphia Stock Exchanges.
Plttsbnrg Petroleum, Stock and Metal Exchange
Private wires to New York, Boston, PljjjladeloLia
Baltimore and Washington.
E. W . Clark & C o.,
BAN KERS AND BROKERS.
N o. 1 3 9 S o u th F o u r th S t., P h ila d e lp h ia .
R a ilroa d , M u n icipa l an d o th e r desirable In v e st
m en t S ecurities f o r sale.
Transact a general banking business. Allow Inter
est on deposits.
„
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
Y
o
r k
. ______________________ _____
STOCK, BOND AND NOTE B R O K E R S,
N o . 5 1 W e s t T h ir d S treet,
CINCINNATI, OHIO.______________
N. W . Harris &
C o.,
CHICAGO and BOSTON.
DOKinQ o f Counties, Cities, Ac., o f high m ade a
Q U I v U j specialty. S e n d f o r D e a e r im i v e l.la t « .
Humphreys Castleman,
C. W . Branch & C o.,
A. L. Hartridge,
N
T
I
C
Mutual Insurance C o.,
The Trustees, in conform ity to the Charter o f
the Company, submit the follow in g Statement
of Its affairs on the 31st o f December, 188 7 :
Premiums on Marine Risks from
1st January, 1887, to 31st
December, 1 8 8 7 ...................... $3,642 969 09
Premiums on Polioles not mat ked
off 1st January, 1887 . . . . . ..
1,417 600 13
Total Marine P rem iu m s...... $5,060 569 22
Premiums m arked off from 1st
January, 1887, to 31st Decem
ber, 1887......................................$3,672 331 21
Losses paid during the same
period........................................... 51,599,468 25
M A S T E R ’S SALE.
TN
THE
C IR C U IT
COURT
OF TH E
JL UNITED STATES in and fo r the Southern Dis
trict o f Iowa, Eastern Division.
TH E CEN TRAL TRUST CO.l
OF N EW YORK, et al.,
J
Complainants,
IN EQU ITY.
vs.
TH E W A B A SH ST. LOUIS t NO.
& PACIFIC R A IL W A Y ORIGINAL B IL L .
COMPANY, et al.,
Defendants. J
T H E FARM ERS’ LOAN &
TRU ST CO. as Trustee
under the Mortgage made
to It by the CENTER
V IL L E M O R A V IA & A L B IA R A IL R O A D CO.,
Cross-Complainants,
vs.
TH E CEN TRAL TRUST CO.
OF N EW YO RK
and
JAM ES CHENEY, et al.,
Cross-Defendants.
CROSS-BILL.
PUBLIC NOTICE is hereby given that In pursu
ance o f a decree entered in the above-entitled cause
on the 22d day o f September, 1886, and modified by
the Court in its order o f date February 13,1888,1, the
undersigned Standing Master in Chancery o f said
Court and named In said order, will on the 5th day
o f April, 1888, at the fron t door o f the building in
P IT T S B U R G H , PA.
which the United States Courts are held in the city o f
Keokuk, in the State o f Iowa, make sale at public
ESTABLISHED 1371.
auction o f the m ortgaged premises em braced In said
cause, as an entirety without appraisement, and
without any right reserved on the part o f any person
or persons whomsoever to redeem the same, which
mortgaged premises are described in said decree as
BAN KERS AND BROKERS,
also m a certain indenture o f mortgage or deed o f
trust,dat ed the 6th day o f February,1880, executed by
N o. 57 F O U R T H A V E N U E .
the Centerville Moravia & Albia Railroad Company,
Oldest Pittsburgh members N.Y. Stock Exchange
and by It delivered to the Farmers’ Loan & Trust
Company, as follows, viz.: A ll and singular the en
tire railroad o f the said Centerville Moravia & Albia
ATLANTA.
Railroad Company, extending from a junction with
the Missouri Iowa & Nebraska Railway Company,
In the vicinity o f < enterville, in A ppanoose County,
State o f Iowa, to a junction with the Central Iowa
BROKER AND D E A LER IN A L L KINDS OF Railway, In the vicinity o f Albia, In M onroe County,
Iowa, which was on the sixth day o f February, 1880,
SECURITIES.
Bonds and Stocks bought or sold on commission. being built and constructed, and Its franchises,
equipment, property, tools and interest, that is to
Georgia and Alai ama Securities specially dealt in.
Correspondent« —Tobey & Kirk and AJJutenhofer, say, the lands, tenements, fixtures, goods and chat
tels, o f said Centerville Moravia & A lbia Railroad
New York.
References—A1 lanta National Bank, Atlanta, Ga., Company, its property rights, privileges, Interests
and estate o f every description and nature. Its rails,
and Fourth National Bank, New York.
ties, fences, buildings and erections, Its rights o f way,
cars, engines, tools and m achinery, its rents, reser
vations, incomes, tolls and reversions o f every na
ture, including all the property o f whatsoever kind
or character which the said Centerville Moravia &
Albia Railroad Company then possessed or might
BANKERS AND BROKERS
thereafter acquire, with the benefit o f all contracts
Static B a n k B u i l d i n g
which said Centerville Moravia & Albia Railroad
Company had made or by assignment or succession
R I C H M O N D , V A .
held, or might thereafter make or have, either in
law or equity, and the right o f all tolls, Income, is
Private wires connecting with W ashington, Balti sues, profits and Interests; which might thereafter
more, Philadelphia and New York.
accrue to the said Centerville Moravia & Albia Rail
road Company, from any source whatever, including
all the property acquired by said Centerville Mora
via & Albia Railroad Company since the date o f said
mortgage.
By the terms o f sale In said decree prescribed, the
S A V A N N A H , G A .,
purchaser at said sale is required o f the purchase
price to pay. not less than five thousand dollars
SECURITY
BROKER.
in ca sh ; and on final settlement to pay In cash
Buvs and sells, on commission all classes o f Stocks such sum dr sums as the Court shall hereafter direct
and Bonds
to m eet any claim as the Court may adjudge to be
Negotiates loans on marketable securities.
prior in equity to the lien o f said m ortgage, or deed
New York Quotatians furnished by private ticker o f tru st; and any other payments which the Court
every fifteen minutes.______________________________ m ay adjudge to be necessary to be paid in cash, and
the balance o f the purchase price not required to be
paid in cash may be paid either in cash or in bonds
T H O M A S B R A N C H & CO.,
and over-due coupons, secured by said m ortgage or
BANKERS AN D COMMISSION MERCHANTS, deed o f trust, to be received in payment at such
price or value as would be equivalent to the distrib
R IC H M O N D , V IR G IN IA .
utive amount or share that the holder or holders
Ctreulare and inform ation on funding th e debts o f th ereof would be entitled to receive thereon, in case
Virginia and North Carolina free o f cost; one-eighth the entire amount o f the hid were paid in cash.
percen t charged fo r funding. Southern Railroad
P . T. LOM AX,
•od State and City Bonds bought and sold.
- Standing Master in Chancery o f said Court.
Whitney & Stephenson,
A
NEW Y O R K , January 2 4 ,1 8 8 8 .
H. B. Morehead & C o.,
P R O V ID E N C E , R . I .
Rea Bros. & C o.,
L
W M . FA IRLE Y
STREET,
Dealers In Commercial Paper, Government and
other first-class Ronds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
T
ST R E E T ,
B A L T IM O R E ,
B o n d « B o u g h t a n d S o ld
In a l l M a r k e t s .
Jo s h u a W x l b o u r ,
Ch a r l e s H . Sh e l d o n , J b
b e n j a m in A . Ja c k s o n , W il l ia m B in n e y , J r .
A
BANKERS,
ALSO,
Irving A . Evans & C o.,
OFFICE OF THE
Returns o f Premiums and E x
penses...........................................
$768,846 38
The Company has the follow in g Assets» viz.:
United States and State of New
York Stock, City, Bank and
otherS tooks.. . . . . . . . . . . . . . . . . . . $8,622,565 00
Loans secured b y Stocks and
o t h e r w i s e ..... .... . . . . . . . . . . . . . 1,559,100 00
Real Estate and Claims due the
Company, estimated a t . . . . . . . .
474,439 88
Premium Notes and B ills R e
ceivable.................
1,362,986 07
Cash in Bank..................
218,192 40
Am ount......... .............
...$ 1 2 ,2 3 7 ,2 8 3 35
S IX P E R CENT INTEREST on the outstand
ing certificates o f profits w ill be paid to tbe
holders thereof, or their legal representatives,
on and after Tuesday, the 7th o f February next.
THE OUTSTANDING CERTIFICATES of
the Issue o f 1883 will be redeem ed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday,the 7th of February
next, from w hich date all interest thereon w ill
cease. The certificates to be produced at the
time o f paym ent and canceled.
A D IV ID E N D OF F O R TY P E R CENT is
declared on the net earned premiums o f the
Company, fo r the year ending 31st Deoember,
1887, for w hich certificates w ill be issued on
and after Tuesday, the 1st o f M ay nexT.
B y order o f the Board,
J . H . C H A P M A N , S ecreta ry.
T R U S T E E S :
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low ,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low ,
Edmund W. Corlles,
Robert B. M lntam ,{
William Degroot,
Horace Gray,
William E. Dodge,
John E lliott,
C. A. Hand,
John D. Hewlett,
William H. W ebb,
Charles P. Bordett,
Henry E . Hawley,
Chas. H. Marshall,
James G. l>e For«- st,
Charles D. Level ich ,
John L.R iker,
George Bliss,
Anson W. Hard,
N. D enton Smith) >
Isaac Bell,
Edward' F loyd-Jcnes,
Thom as Maitland,
Ira Bursley,
James A. H ewlett,
George H. M acy,
Lawrence Tum ure.
JOHN D. JONES, President.
W. H. H. MOORE, Vice-President.
A. A. R W E N . 2d Vine-President.
THE ¡CHRONICLE.
March S, 1888.]
%$iï&çzXlvim&ns.
Œottmi.
Brinckerhoff, Turner
& C o.,
Williams, Black & C o.,
C O T T O N SA IL D U C K
And all kinds of
COTTON CANVAS, FELTING DUCK, CAB
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, & C „ “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.
Also, Agents
U N I T E D S T A T E S B U N T I N G CO .
A fall supply, all Widths and Colors, always In stock
N o . 1 0 9 D u a n e S tree t.
1
W IL L IA M
NEW YORK.
STO CK S, P E T R O L E U M ,
C O M M ISSIO N M E R C H A N T S ,
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
^Le h m a n , Du r r & Co.,
(Montgomery, Ala.
Me a „ers o f the Cotton, Coffee and Produce Exch’s
a g e n c y
o r
THE HAXALL CRENSHAW CO.,
R IC H M O N D , V A .
Standard Brands o f Flour for Shipment to Warm
Climates always on hand.
ORIENT GUANO MANUFACT’G CO.,
O R IE N T , L . I .
Standard Superphosphates.
SULPHUR MINES COMPANY
O F V IR G IN IA .
High Grade Pyrites free from Arsenic.
Geo. Copeland & C o.,
COTTON BROKERS,
194 P E A B U
STREET. NEW YO R K ,
SECURE BAN K VAULTS.
L E H M A N BROS.,
C otton
F actors
AND
C O M M IS S IO N M E R C H A N T S ,
No. 40 EXCHANGE PLACE,
MEMBERS OF THE OOTTQN, COFFEE A N D
PRODUCE EXCHANGES.
Up t o w n ofjbtck. N o. 351 B r o a d w a y .
N ew Y ork .
Orders executed at the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corres
pondents in Liverpool: Messrs. L. Rosenheim A
Sons and A. Stem A Co.; in London, Messrs. B.
Newgass A Co.
G.
Schroeder &
Henry Hentz 5c C o.,
COMMISSION
MERCHANTS
8 S o u th W i l l i a m S t., N e w Y o r k .
EXECUTE ORDERS FOR FUTURE. DELIVERY
C O T T O N
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
C O F F E E
at the NEW YORK COFFEE EXCHANGE, and
G R A IN A N D P R O V IS IO N S
ORDERS EXECUTED IN
New Orleans, La.
1 6 A 1 8 E x c h a n g e P la c e , N e w Y o r k ,
STREET,
C O T T O N , G R A IN ,
P R O V IS IO N S , C O F F E E ,
L e h m a n , St e r n & Co.,
Crenshaw & Wisner,
Œxi t i m i .
BANKERS AND COMMISSION MERCHANTS,
M anufacturer* an d D ealer* la
ix
Co.,
Successors to WARE A SCHROEDER,
COMMI SSI ON M E R C H A N T S ,
Cotton Exchange Building,
NEW YORK.
Orders for future delivery o f Cotton executed in
New York and Liverpool ; also for Grain and Pro
visions In New York and Chicago.
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
CORRESPONDENTS '
Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool.
Jas. Lea McLean, New Orleans.
Hubbard, Price & C o.,
117 P e a r l St., N e w Y o r k ,
AND
Price, Reid & C o.,
NORFOLK
VA.
Cotton Brokers & Commission Merchants
Liberal advances made on Cotton consignments.
Special attention given to the sale of cotton to ar
rive or in transit for both foreign and domestic mar
kets. Orders for Future Contracts executed in New
York and Liverpool.
Edward H.Coates & C o.,
Cotton Commission Merchants,
NO, 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 42 M AIN STREET,
NORFOLK, VA.
S P IN N E R S
ORDERS SOLICITED.
Geo. H.McFadden& Bro.
COTTON
MERCHANTS,
P H IL 4D E L P H IA .
L i v e r p o o l Co r r e s p o n d e n t s ,
a. F. BABCOCK & CO.
COMMISSION MERCHANTS,
W E L D E D CHROME STEEL AN D IRON
in Round and Flat Bars, and 5-ply Plates and Angle
FOR SAFES, VAU LTS, &C.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.
C H R O M E STE E L. W O R K S ,
B R O O K L Y N , N. Y .
Ci r c u l a r s F r e e .
1 7 W a t e r S treet, L I V E R P O O L ,
deceive consignments of Cotton and other Produce,
And execute orders at the Exchanges in Liverpool.
Represented in New York at the office of
SAM’L D. BABCOCK
82 Nassau Street, New York.
Geo. W . Baily & C o.,
COMMISSION MERCHANTB,
F R E D E R IC
ZBREGA
4c CO .
Rountree & C o.,
COMMISSION MERCHANTS,
C O T TO N E X C H A N G E , N E W Y O R K , and
N ORFOLK , VA.
C otton , Coffee, G r a in , P r o v is io n s ,
S to c k s and P etro le u m .
Orders executed in New York, Chicago and Liv
erpool. All grades o f cotton suitable to spinners’
wants offered on favorable terms.
Gwathmey & Bloss,
COTTON E X C H A N G E B U IL D IN G ,
[JOSEPH Gl L L O m
STEEL 0PENS
GOLD MEDAL PARIS E X P O S ITÏO N -I8 7 B .
I THE MOST PERFECT OF PENS
COMM ISSION
N ew Y o r k .
Spécial attention to orders for contracte for future
dellvery o f cotton.
W A R R E N , JO N E S & G R A T A ,
IMPORTERS OF
IR O N
COTTON
T IE S .
ONLY
GENERAL TRANSATLANTIC CO.
B e tw e e n N E W Y O R K a n d H A V R E
From Pier (new) 42, North River, foot o f Mo rton St.
L A CHAM PAGNE, T raub....S at., March 8,10 A.M .
L A NORMANDIE, de Kersablec, Sat., Mar.10,4 A .M .
L A GASCOGNE, Santelli...........Sat.. Mar. 17,8 A .M .
Travelers by this line avoid both transit by English
railway and the discomforts o f crossing the Channe
In a small boat.
P r i c e o p P a s s a g e (including wine):—To H avreFirst cabin, *100 and $80; second cabin, $60; steerage, $22—including wine, bedding and utensils. Re
turn tickets at much reduced rates. Checks onBanaue
Transatlantique, Havre and Paris,in amount to suit.
S p e e ia l T r a in f r o m H a v r e to P a r is
The Compagnie Generals Transatlantique delivers
at its office in New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company’s dock in
New York, Pier 42 North River, foot o f Morton 8t.
at least two hours before the departure o f alsteamer
L O U IS D E B E B I A N , A g e n t,
N o . 3 B o w lin g G reen.
No. 123 P E A R L ST., NEW Y O R K
Orders for future delivery of Cotton executed in
BAGGING.
S T . L O U IS , M o .
Manufacturers of Fare J u te; Bagging.
Direct Line to France.
MERCHANTS,
John L. Bu lla rd .
New York and Liverpool; also for Graia and Pro
visions ix New York and Chioago.
Mohr, Hanemann& C o.,
COTTON
H e n r y H. W heeler .
NEW Y ORK
ALSO
B A G G IN G A N D IR O N T IE S ,
(FOR BALING COTTON).
Advances made on Cotton Consignments and Special
Attention given to purohase ana sale of FUTURE
CONTRACTS OF COTTON.
Robert Tannahill & C o .,
Cotton Commission Merchants,
C otton E x ch an ge B u ild in g ,¡.N ew Y o rk .
Spedai attention given to the purchase and sale of
FUTURE CONTRACTS
in New York and Liverpool.
B U IL D IN G ,
New York.
Bullard & W heeler,
COTTON COMMISSION MERCHANTS
EXCHANGE
Sp e c i a l A t t e n t io n G iv e n
to the
E x e c u t io n
0 7 ORDERS FOB FUTURE CONTRACTS.
Bliss, F a b y a n & C o .,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
B R O W N & B L E A C H E D S H IR T IN G S
A N D 8 H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, &•
T o w e l * , Q u li t » , W h i t e G o o d s & H o s ie r y
Drills, Sheetings, <£c, fo r E xport Trade.
JOH N
II,
G L IS B Y &, C O .,
COTTON BUYERS,
M ONTGOM ERY,
ALA.
P u r c h a s e On l y o n O r d e r s p o r a Co m m i s s i o n ,
rfflS OHKONIOLU
1
IPi&cjellatxjeotfs.
(£ jo x t0 tt.
_________________( t t o i t o u . _________________
Walter T. Hatch.
Nath’l W. T. Hatch.
W oodward & Stillman,
Post Building, 16 & 18 Exchange Place,
IN M A N , SW A N N & Co
YORK.
COTTON
LOANS MADE ON ACCEPTABLE 8ECÜKITIE8.
M ERCH AN TS,
SPECIAL ATTENTION TO ORDERS TOR CONTRACTS
tor
Henry P. Hatch.
Arthur H . Hatch.
W . T . Hatch & Sons,
MERCHANTS,
NEW
(M a r c s S, 1888.
F u t u r e D e l t t e r t o t Co t t o n .
M ew Y o r k .
COTTON. ALL GRADES, SUITABLE TO WANTS
OF SPINNER«,
DB lv r a rmrrnra i 135$ Church Street, N. Y .
BRANCH OTTICES ( 8 0 8 chapel S t., New Haven
Personal attention given at the EXCHANGES to
the purchase and sale o f STOCKS and BONDS lo t
cash or on margin.
DEPOSITS RECEIVED—subject to check at sight
—with Interest upon balances.
Special attention paid to INVESTMENTS and
accounts o f COUNTRY BANKERS.
The Safe Deposit Co.
____________O t t e r e d o n T e r m s t o Su i t ._______
Dennis Perkins & Co., W
COTTON BROKERS,
1 2 5 P e a r l Street, N e w Y o r k .
Orders for Spot Cotton and Futures promptly
executed.
BANKERS,
14 NASSAU STREET, NEW YORK.
alter
&
F atman,
COTTON B R O K E R S ,
53 B R A V E R S T R E B T , N E W Y O R fi .
OF MEW Y O R K
OFFERS UNEQUALED
S E C U R IT Y .
TH E OFFICES H A V E BEEN N EW L Y
FURNISHED W IT H E V E R Y IM PROVEM EN T.
H A V E ADDED L A R G E AND IM PROVED SAFES
SUITABLE FOR BAN KERS A N D BROKERS.
140, 142 & 146 BROADWAY
FRANCIS M. JENCKS.
President
THE 28th ANNUAL STA TEM ENT OF THE
Equitable L ife Assurance Society
OF THE UNITED STATES,
G e o r g e H . V o s e , Secretary.
Bethlehem Iron Com p’y
40 and 42 Wall Street,
F or the Year E nding December g ist, 1887.
M a n h a tta n B u ild in g ,
N ew Y o r k .
A m o u n t o f L e d g e r A s s e t s , J a n u a r y 1st, 1887..................................... $70,196,260.30
Income.
Premiums...................................................................... ............................
$19,05,775.47
Interest, Rents, etc..................................'...........................: . . . ___ . ‘ ■ 4,125,673.82
insurance.
23,240,849.29
$93,437,109.59
Disbursements.
Delaware Mutual
Safety In s u r a n c e Co.
Claims by Death and Matured Endowments................................................. $5,748,845.60
Dividends, Surrender Values, Annuities and Discounted Endowments__
4,313,664.21
Total P a id Policy-holders............. ......... $ 10 ,0 6 2 ,5 0 9 .8 1
Dividend on Capital.................. ....................................................................
Commissions, Advertising, Postage and Exchange......................................
General Expenses, State, County and City Taxes............................ .
7,000.00
2,321,647.21
1,747,997.11
OF P H IL A D E P H 1A .
14,139,154.18
N et Ledger Assets, December 3 1, 1887 ..... ...........$ 7 9 ,2 9 7 ,9 5 5 .4 6
Assets.
Bonds and Mortgages....................................................................................... $23,548,376.48
Real Estate, including the Equitable Buildings and purchases under
foreclosure of mortgages................................................... ....... . . . . . 14,355,771.87
United States Stocks, State Stocks, City Stocks, and other Investments... 26,516,182.38
Loans secured by Bonds and Stocks (Market Value, $627,362). .................
507,000.00
Real Estate outside the State of New York, including purchases under
foreclosure of mortgages........ .............................................................
6,590,151.74
Cash in Banks and Trust Companies, at interest; and in transit (since
received and invested)............................
7,657,967.50
Due from Agents on account of Premiums.............................................. ..
122,505.49
$79,297,955.46
Market value of Stocks and Bonds over hook value.................................... ......................
Interest and Rents due and a ccru e d ......................................................... .........................
Premiums, deferred and in transit........................................................................ ................
2,398,921.78
812,361.61
1,869,666.00
R e a v e r S tree t,
M A R I N E A N D IN L A N D IN S U R A N C E .
Total Liabilities, including legal reserve on a ll ex
isting Policies (4 per cent. Standard)... -... .$ 6 6 ,2 7 4 ,6 5 0 .0 0
Total Undivided Surplus, over 4% Reserve,..:.. 1 8 ,1 0 4 ,2 5 4 .8 5
Of which the proportion contributed (as computed) by Policies in general class, is............... $5,917,336.85
Of which the proportion contributed (as computed) by Policies in Tontine class, is............. 12,186,918.00
New Assurance written in 1887
.................. $138,023,103
Total Outstanding A ssurance.. ................................ 483,029,362
We c er tify to the correctness o f the above calcu lation o f the reserve and surplus.
F rom this surplus the usual dividends w ill be m ade.
GEO. W. PHILLIPS. I _____ _
J. G, V A N CISE,
\A <*uar'*>
BOARD OF DIRECTORS.
M A R IN E .
JT. R A Y M O N D S M I T H . A g e n t.
JOHN A . McCALL, Comptroller.
E. BOUDINOT COLT,
AND
C A P IT A L STOCK...................................... $360,00000
Outstanding Scrip.............................
716,96000
Reserve to reinsure Outstanding Risks
and all other Liabilities............................ 262,64320
Surplus over Capital and Scrip....................
379,60609
TOTAL ASSETS............................. $1,719,209 29
I hereby certify , that a fter a p erson a l exam in ation o f the secu rities and accounts described in
this statem ent. I fin d the sam e to be true and correct as sta ted .
LOUIS FITZGERALD,
HENRY A . HURLBUT,
HENRY G. MARQUAND,
W M . A . WHEELOCK,
HENRY D AY,
M. H A RTLEY,
H. M. ALEXANDER,
CHAUNCEY M. DEPEW,
CHARLES G. LANDON,
CORNELIUS N. BLISS,
ALANSON TRASK,
F IR E
N e w Y o r k . Office, 7 5
Total Assets, December 3 1, 1887 .................... - .....$ 8 4 ,3 7 8 ,9 0 4 .8 5
HENRY B. HYDE, P r e sid e n t .
JAMES W . ALEXANDER, V ice -P re sid e n t .
EUGENE KELLY,
JOHN A . STEWART,
GEO. C. MAGOUN,
JOHN D . JONES,
W M . B. KENDALL,
JOHN SLOANE,
DANIEL D. LORD,
S. BORROWE,
II. J. FAIRCHILD ,
B. WILLIAMSON.
JAMES M HALSTED,
G. W . CARLETON,
W M . ALEXANDER,
HORACE PORTER,
E. W . LAMBERT,
C. B. ALEXANDER,
H. S. TERBELL.
GEO. D eF. L. D AY,
THOMAS S YOUNG,
J. F. D e N A VARRO,
ROBERT BLISS,
PARKER HANDY,
JOHN J. McCOOK,
EDW ARD W . SCOTT,
B. F, RANDOLPH,
(INCORPORATED 1835.)
COMMERCIAL MUTUAL
IN S U R A N C E
COM PANY,
NO. 42 W ALL STREET, NEW YORK.
United States Securities.............................$173,900 00
Bank S tocks.................................................. 114,225 00
Stocks, Bonds, Loans and Cash in Banks 324,903 51
Prem ium Notes, Cash Premiums, & c ....
62,338 75.
T otal Assets Dec. 31, 1887................... $675,367 26
W . IR V IN G COMES, President.
H e n r y D .K in g , Sec. W a i n w r ig h t H a r d i e ,V.-P.
This Company Issues Certificates o f Insurance,
under which losses are payable in LONDON, at the
counting house o f Messrs. BROW N, SH IPLE Y & Co
Phénix Insurance Co.
OF
BROOKLYN,
Office, 195 Broadway, New York CItj.
CASH CAPITAL.........i........................ $1,000,000 00
S T E P H E N C R O W E L L , P resid en t.
GEORGE P. SHELDON, Vice-President.
GEORGE IN G R AH A M , 2d Vice-President.
PHILANDER SHAW, Secretary.
CH ARLES C. L IT T L E Assist. Secretary.
JOHN H . D O UG H ERTY, Assist. Sec’y.
CHARLES S. SMITH,
LEVI P. MORTON,
GEORGE H . STUART,
W ILLIAM M. BLISS,
Jo s e p h t . l o w ,
T. D e W IT T CUYLER,
OLIVER AMES.
EUSTACE C. FITZ,
S. H. PHILLIPS,
HENRY R. WOLCOTT,
A. V A N BERGEN.
GUSTAV G . BOHL.
Commercial
A ssuran ce
Co.,
Union
l im it e d
,
OF LONDON.
Office, Cor. Pine & William Sts., N. T.
@FedFRASER